##
|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|
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||||||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|
##
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##
##
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##
##
##
##
||||||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|
##
##
##
|7|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|
|8|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|
##
##
##
|11|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|the following
charge
in|the following
charge
in|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|
##
##
##
|12|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|
##
##
##
##
|22|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|
##