2022-03-31-accounts - West Norfolk Community Transport Project

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees			Mr N C Smith
			Mr P Brown
			Mrs P French
			Mr K L Shayshutt
			Mr C E Suckling (resigned			19January 2023)
			Mrs S M Fraser
Charity	number		1069180
Company		number	02922015
Principal	address		Unit 7 &8 Merchants		Close
			Oldmedow Road
			King's Lynn
			Norfolk
			PE304JX
Registered address			Unit 7 &8 Merchants		Close
			Oldmedow Road
			King's Lynn
			Norfolk
			PE304JX
Auditor			Mapus-Smith	& Lemmon		LLP
			48 King Street
			King's Lynn
			Norfolk
			PE30 1HE
Bankers			Lloyds Bank
			3 North Bank
			Wisbech
			Cambridgeshire
			PE131JT
Solicitors			Ward Gethin	Archer
			10Tuesday	Market	Place
			King's Lynn
			Norfolk
			PE30 1JT

				Page
Trustee report				1 —6
Statement of	Trustee	responsibilities
Independent	auditor's	report		8 —11
Consolidated	statement of financial		activities	12
Consolidated	balance	sheet		13
Consolidated	statement ofcash flows			14
Notes to the	financial	statements		15 —33

					Unrestricted	Restricted	Total	Total
					funds	funds
					2022	2022	2022	2021
				Notes	f	f	f	f
Income from:
Donations, Memberships,		Funding	& Grants		607,101		607,101	842,341
Income from contracts	&	bus fares			2,064,928		2,064,928	1,831,763
Other income					936		936	2,448
Interest receivable					24		24	35
Total income received					2,672,989		2,672,989	2,676,587
E~dit
Charitable activities				6	2,495,562	21,274	2,516,836	2,230,137
Taxation				8	(1,591)		(1,591)	2,254
Total resources expended					2,493,971	21,274	2,515,245	2,232,391
Net (expenditure)/income		for the	year/
Net movement in funds					179,018	(21,274)	157,744	444,196
Fund balances at 1 April		2021			1,511,301	67,743	1,579,044	1,134,848
Fund balances at 31 March 2022					1,690,319	46,469	1,736,788	1,579,044

							Group	Group	Charity	Charity
							2022	2021	2022	2021
						Notes	6	6	6	f
Fixed assets
Tangible assets						11	1,410,506	1,555,482	1,402,262	1,547,107
Investments						12			100	100
							1,410,506	1,555,482	1,402,362	1,547,207
Current assets:
Debtors						14	359,121	431,131	829,445	241,951
Cash at bank		and in	hand				681,249	733,310	115,133	583,701
							1,040,370	1,164,441	944,578	825,652
Creditors:	amounts		falling		due within one	17	(471,287)	(724,038)	(304,162)	(391,346)
Net current		assets					569,083	440,403	640,416	434,306
Total assets		less current		liabilities			1,979,589	1,995,885	2,042,778	1,981,513
Creditors:	amounts		falling		due after more	than
one year						18	(208,051)	(415,250)	(208,051)	(415,250)
Provisions	for liabilities					19	(34,750)	(1,591)	(34,750)
Net assets							1,736,788	1,579,044	1,799,977	1,566,263
Income funds
Restricted	funds					20	46,469	67,743	46,469	67,743
Unrestricted		funds				21	1,690,319	1,511,301	1,753,508	1,498,520
							1,736,788	1,579,044	1,799,977	1,566,263

				2022	2021
			Notes	6	6
Cash flows from operating	activities
Cash generated from operations Interest paid Income taxes paid			26	190,398 (3,578) ~663	758,131 (4,013) ~716
Net cash inflow from operating		activities		186,157	753,402
Investing activities
Purchase oftangible fixed assets				(24,183)	(16,344)
Proceeds on disposal oftangible		fixed
assets				3,399	4,727
Interest received				24	35
Net cash used in investing	activities			(20,760)	(11,582)
Financing activities
Repayment of bank loans				(20,075)	(19,852)
Payment ofobligations under finance leases				(197,383)	(204,218)
Net cash used in financing	activities			(217,458)	(224,070)
Net increase in cash and cash		equivalents		(52,061)	517,750
Cash and cash equivalents	at beginning		ofyear	733,310	215,560
Cash and cash equivalents	at end of		year	681,249	733,310

					Unrestricted	Restricted	Total	Total
					funds	funds
					2022	2022	2022	2021
					6	F	6
Donations and gifts					6,994		6,994	175
Legacies receivable					1,000		1,000
Funding & grants					598,567		598,567	841,686
Membership fees					540		540	480
					607,101		607,101	842,341
Donations and gifts
Main Project donations		received			284		284	175
Scooters donation from		ShopMob			6,710		6,710
					6,994		6,994	175
Grants receivable for		core activities
Norfolk Health Authority					26,014		26,014	26,014
Shopmobility -B.C.K.L.W.N					24,988		24,988	24,998
Local restrictions support			grants		141,294		141,294
Travel &Transport Services - NCC					96,981		96,981	97,508
HMRC —CJRS Grants					21,122		21,122	255,170
Dial A Bus Scheme -	B.C.K.L.W.N				64,689		64,689	64,689
CBSSG LTA and National			funding		219,432		219,432	368,430
Shopmobility - other					47		47	67
Swaffham - including	NCC &Breckland			council
funding					4,000		4,000	4,820
					598,567		598,567	841,686

Unrestricted	Total
funds Charity
2022	2021
F
936	2,448

Unrestricted	Total
funds
Charity
2022	2021
	F
24	35

Charitable	a	ctivitie	s
					Cost of Cost of			Cost		of Cost of			Total for	Total for
					operations operations		at	operations operations					2022	2021
					at Main Shopmobility			at	Go To at
					Project			Town		Swaffham
								(WNCT Ltd)
					2022	2022				2022	2022
Staff costs	inc redundancy				528,145				775,350		102,654		1,406,149	1,382,894
Depreciation		and impairment			152,393						4,126		156,519	154,334
Travel expenditure					8,245								8,245	173
Insurance					33,242	1,693				82,071			117,006	125,440
Private travel		arrangements								41			41	2,089
Vehicle rental					65,819								65,819	51,693
Vehicle equipment			rental							27,736			27,736	19,582
Vehicle fuel					44,816				267,111				311,927	161,236
Vehicle maintenance					176,361						2,538		178,899	93,083
Licences					6,078					1,952			8,030	6,892
Equipment	maintenance				25,811		139						25,950	12,366
Training					2,888					5,904			8,792	10,051
Uniforms					1,785					1,341			3,126	4,618
Vehicle cleaning costs										17,957			17,957	7,040
Bus station	bay rental									16,567			16,567	15,590
Profit and loss on sale of					(1,684)								(1,684)	(475)
assets
					1,043,899	1,832			1,196,030		109	318	2,381,079	2 046,606
Share of support costs (see					120,646	6,316				17,235		575	144,772	164,556
note 7)
Share ofgovernance				costs	13,770					7,215			20,985	18,975
(see note 7)
					1,178,315	8,148			1,220,480		109,893		2,516,836	2,230,137
Analysis by		fund
Unrestricted		funds			1,157,041	8,148			1,220,480		109,893		2,495,562	1,953,205
Restricted	funds				21,274								21,274	276,932
					1,178,315	8,148			1,220,480		109,893		2,516,836	2,230,137
For the year		ended		31 March 2021
Unrestricted		funds			890,155	8,938			911,993		142,119			1,953,205
Restricted	funds				164,900					94,083	17,949			276,932
					1,055,055	8,938			1,006,076		160,068			2,230,137

Supportcosts
				Support	Governance	2022	2021
				costs	costs
				f	f
Recruitment and other staff costs							4,567
Depreciation				7,256		7,256	12,506
Depreciation —WNCT Ltd				1,985		1,985
Operating lease charges				20,435		20,435	22,135
Telephone, postage &stationery		(combined)		20,449		20,449	24,063
Computer maintenance				1,383		1,383	3,236
Rent & premises expenses				25,008		25,008	19,091
Sundry —inc bad debt write	off and covid compliance			7,113		7,113	16,372
Bank charges 8 finance costs				1,652		1,652	75
Bank charges &finance costs —WNCT Ltd				6,322		6,322	6,009
Credit card charges				602		602	371
Legal &professional fees (combined)				39,248		39,248	34,221
Marketing —WNCT Ltd				6,428		6,428	4,370
Shopmobility management	& administration		costs	6,316		6,316	7,209
Swaffham & Flexibus management		&administration
costs				575		575	10,031
Audit fees (see note below	for WNCT Ltd split)				20,985	20,985	18,975
				144,772	20,985	165,757	183,531
Analysed between
Charitable activities				144,772	20,985	165,757	183,531

Taxation
			Group	Group	Charity	Charity
			2022f	2021f	2022	2021f
LiK Corporation	tax charge on profit	for the		663
year
Deferred tax charge on origination		and	(1,591)	1,591
reversal of timing differences
			(1,591)	2,254

Number ofemployees The average monthly	number ofemployees in the group	during the year was:
		2022	2021
		Number	Number
Drivers (inc part-time	drivers)	60	59
Passenger assistants		3	4
Driver mechanics		3	3
Co-ordinators		1	1
General manager		1	1
Finance controller		1	1
Transport manager		1	1
Administrative staff		6	5
		76	75
Employment costs		2022 f	2021 f
Wages and salaries		1,270,331	1,282,065
Social security costs		86,378	83,646
Other pension costs		14,690	17,183
Redundancy costs		34,750
		1,406,149	1,382,894

Tangible	fixed	fixed
assets
GROUP
				Buildings	Bus &	Office	Motor vehicles	Plant and	Total
					Shopmohility	equipment		equipment—
					equipment			WNCT Ltd
Cost
At 1 April	2021			497,907	124,181	29,902	2,049,655	8,375	2,710,020
Additions				2,803	14,769	4,757		1,854	24,183
Disposals						(3,941)	(75,000)		(78,941)
At 31 March		2022		500,710	138,950	30,718	1,974,655	10,229	2,655,262
Depreciation
At 1 April	2021				69,466	20,884	1,064,188		1,154,538
Depreciation		charged	in the
period					11,721	3,279	148,775	1,985	165,760
Eliminated	in	respect	of disposals			(3,792)	(71,750)		(75,542)
At 31 March		2022			81,187	20,371	1,141,213	1,985	1,244,756
Carrying	amount
At 31 March		2022		500,710	57,763	10,347	833,442	8,244	1,410,506
At 31 March		2021		497,907	54,715	9,018	985,467	8,375	1,555,482

The net carrying value leases or hire purchase	The net carrying value leases or hire purchase	oftangible assets includes contracts. The depreciation	in respect ofassets held under respect ofsuch assets amounted	finance tof89,334
(2021 - 695,486)	for the year.
			2022	2021
			6	6
Bus and Shopmobility		equipment		23,463
Motor vehicles			577,892	667,227
			577,892	690,690

Fixed asset	investments	investments
			2022	2021
			6	6
Investments	in trading	subsidiaries	100	100
Movements	in fixed	asset investments
				Shares
				6
Cost or valuation
At 31 March	2021			100
At 31 March	2022			100
Carrying amount
At 31 March	2022			100
At 31 March	2021			100

Details ofthe group's su	Details ofthe group's su	bsidiaries at 31 M	bsidiaries at 31 M	arch 2022 are as follows:	arch 2022 are as follows:
Name of undertaking		Country of		Nature ofbusiness		Class of	% Held
		incorporation				shareholding	Directlndirect
		or	residency
WNCT Limited		United		Trading		Ordinary	100.00
		Kingdom
A summary	ofthe subsidiaries		performance		and assets is shown
below;
							Trading	Trading
							2022	2021
							6	8
income						1,837,959		1,760,645
Expenditure						1,913,929		1,751,032
Surplus/(deficit)							(75,970)	9,613
Net assets							(63,089)	12,881

13	Financial		instruments	instruments						2022	2021
										6	6
	GROUP
	Carrying		amount offinancial			assets
	Debt instruments			measured	at	amortised	cost			903,602	1,035,207
	Carrying		amount offinancial			liabilities
	Measured		at amortised cost							621,795	1,072,699
	Charity
	Carrying		amount	offinancial		assets
	Debt instruments			measured	at	amortised	cost			209,236	781,258
	Carrying		amount	offinancial		liabilities
	Measured		at amortised cost							496,897	733288
14	Debtors
								Group	Group	Charity	Charity
								2022	2021	2022	2021
								6	F.	6	6
	Amounts		falling	due within	one year:
	Trade debtors							185,936	212,107	94,103	197,557
	Other debtors							36,417	109,106		19,316
	Amounts	owed by		subsidiary	undertakings					708,358
	Prepayments and			accrued income				136,768	109,918	26,984	25,078
								359,121	431,131	829,445	241,951

			2022	2021
			6	8
Bank loans			132,697	152,772
Payable	within one year		21,104	20,437
Payable	after one year		111,593	132,335
Amounts	included above which	fall due after five years:
Payable	by instalments		6,757	43,987

					2022	2021
Within	one	year			186,141	197,067
Within	two	and	five	years	96,458	282,915
					282,599	479,982

								Group	Group	Charity	Charity
								2022	2021	2022	202'I
							Notes		Z		E
	Bank loans						15	21,104	20,437	21,104	20,437
	Obligations		under finance lease				16	186,141	197,067	186,141	197,067
	Other taxation and social security							33,449	41,659	15,316	12,666
	Trade creditors							162,519	142,504	62,379	60,242
	Amounts	owed to subsidiary				undertakings					60,642
	Other creditors							24,094	24,930
	Accruals and deferred				income			43,980	297,441	19,222	40,292
								471,287	724,038	304,162	391,346
18	Creditors:		amounts		falling due		after more	than one year
								Group	Group	Charity	Charity
								2022	2021	2022	2021
							Notes	Z	E	6	6
	Bank loans						15	111,593	132,335	111,593	132,335
	Obligations		under finance lease				16	96,458	282,915	96,458	282,915
								208,051	415,250	208,051	415,250
19	Provisions		for liabilities
								Group	Group	Charity	Charity
								2022	2021	2022	2021
								6	E	E
	Deferred	tax liabilities						34,750	1,591	34,750
								34,750	1,591	34,750
	Movements		on provisions:
											Employee
											litigation
											provision
											E
	Additional		rovisions	in the		year					34,750

					Movement	in funds
		Balance at	Incoming	Resources	Balance at 1	Resources		Balance at
		1 April 2020	resources	expended	April 2021 f	expended f	31	March 2022 f
Restricted Funds - initial
grant ofSwaffham	Flyer
SN64 FTX		12,247		(2,448)	9,799	(1,960)		7,839
Norfolk County Council-
grant for flexibus fleet
vehicles		68,574		(17,142)	51,432	(17,142)		34,290
Norfolk County Council-
grant for Swaffham
vehicles		8,684		(2,172)	6,512	(2,172)		4,340
CRJS Grants - to	meet
furloughed payroll	costs		255,170	(255,170)
		89,505	255,170	(276,932)	67,743	(21,274)		46,469

Analysis of net assets between funds
	Unrestricted	Restricted	Total	Total
	Group 2022 f	Group 2022 f	2022f	2021
Fund balances at 31 March 2022
are represented by:
Tangible assets	1,364,035	46,469	1,410,504	1,555,482
Current assets/(liabilities)	569,085		569,085	438,812
Long term liabilities	(208,051)		(208,051)	(415,250)
Provisions	(34,750)		(34,750)
	1,690,319	46,469	1,736,788	1,579,044

				2022f	2021f
Within one year				68,860	56,266
Between two and five years				218,222	176,867
				287,082	233,133
Related party transactions
Remuneration	of key management	personnel
The remuneration	of key management	personnel	in the group is as follows.

						2022 f	2021f
	Aggregate	compensation				170,338	139,162
25	Capital commitments
	At 31 March 2022 the charity had capital commitments				as follows:
						2022f	2021 f
	Contracted	for but not provided		in the financial statements:
	Acquisition	of property,	plant and equipment
						93,800

26	Cash generated from	operations	operations	operations				2022f	2021
	Surplus/(deficit) for the	year						157,744	444,196
	Adjustments for:
	Investment income recognised		in statement		offinancial	activities		(24)	(35)
	Depreciation oftangible	fixed assets						165,760	168,840
	Profit on sale offixed assets								(477)
	Taxation charged							(1,591)	2,254
	Finance costs							3,578	4,013
	Movements in working	capital:
	Decrease/(increase) in	debtors						132,652	(23,918)
	(Decrease)/increase in	creditors						(282,067)	160,277
	Increase in provisions							34,750
	(Decrease)/increase in	deferred		income				(20,404)	4,981
	Cash generated from	operations						190,398	758,131
27	Analysis ofchanges in net (debt)/funds
							At 1 April 2021	Cash flows	At 31 March
									2022
									f
	Cash at bank and in hand						733,310	(52,061)	681,249
	Loans falling due within	one year					(20,437)	(667)	(21,104)
	Loans falling due after	more than		one year			(132,335)	20,742	(111,593)
	Obligations under finance leases						(479,982)	197,383	(282,599)
							100,556	165,397	265,953