Chaiity R•gl$tr*ion No.1069180
Company R•gIstr￿on No. 02922015 (England and Wale$l
WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
CONSOLIDATED ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteos
Mr N C Smllh
Mr P Brown
Mr K L Shayshutt
Mrs S M Fras8r
Charlty numb•r
1069180
Company numbor
02922015
Prlnelp41 addrns•
Unil 7 & 8 Merthants Clos8
Cldmedow Ro8d
King's Lynn
Norfdk
PE30 4JX
R8gl8t•r•d addr•••
Unlt 7 & 8 Merchanls Close
Oldmedow Road
King's LYM
Norfc4k
PE30 4JX
Audltor
Mapu&Smith & Lemrnc￿ LLP
48 King Slwl
King's Lynn
Norfolk
PE30 1HE
B8nk•r•
Lloyds Bank
3 North Bar
Wisb8ch
Cambridgeshire
PE13 1JT
Sdlcltor¥
Ward Gothln knhar
10 Tu&sday Market Place
Klng's Lynn
Norfolk
PE30 1JT

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
CONTENTS
Pa
TrL¢slee report
statement of Tru$t8e responslbultles
Ind8pend6nl audllols report
8-11
Cons(Aldaled st8tement ￿ finand818c1I￿il￿s
12
Consolidated bolance sheet
13
Consolidoted st8lement of c88h flow8
14
Note5 to ihe flnanclal statements
15-34

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
TRUSTEE REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Tnjstees present th￿[ report and finanaal statements fty thè year ended 31 Marth 2023.
The accounts have been prepared in a(￿￿￿an0 wth the acujunting FdKies set oul in note 110 the accounts and
comply with West Nrxfolk Commijnily Transwrt Project Limited governing documenl. the Charities Act 2011 and
Ihg Statement of Recommended Practice applicable lo thariti8s prèparin9 their accounts in 8ccord8nee with th&
Finanual Reporting Standard applicable in the UK and R&public of Ireland IFRS1021 publlshed on 16 July 2014.
WNCT 15 an incorpor8ted organisation which was set up on 1x1 February 2018. West N¢)rfolk Community Tran8POrt
Project was established in 1994 as an inCo￿Orated charity.
Oblo¢tlv•8 and aetlvltl•s
The objects of the charty are to provide or oSSiSt In the FKovision of a p88wer and go¢*Js iransport servlce for
individuals who1Sve wthin and around the Dislrirt Counul areas of King's Lynn and West Norfolk. Breckland and
North Norfolk who by r88son ol Ihelr rural lo¢ation. age. poverty. sickness. mental or physical disablllty are
unable lo use or have ijlfflcully uslng public Iransport and for use by ch8rit8ble oryanlsations purposes of other
volunt8ry organ13aUon8.
The main objective during the year continued to be the provision of 8 passenger transport service as noted in the
objects of the charily. Income raised Irom c0mmissionedl￿ntr?¢I and other projects provides subsidies for our
flagship $8rvlc8s ol Dlal A Bu$ and Shop Mobility and lo some 8xlenl me(Ilcal Iranswt.
R•vl•w of ¢h•rltabl• •ctlvltl•s and •chl•¥•ments for th• publ1¢ b•n•fit
The Ch8rlty's aim is to provlde or assist in the provislon of a passenger and goods transport servlca for Indivldual8
who live within and around the Di5tsict Council a￿&S of King's Lynn and West Norfolk, B￿ckla￿d and North Norfolk
who by reason of Ihelr njral locallon, age, povety, sickness. mental or physi¢al disability are unable lo use or hav8
difflcully U￿ng public transport and for use by charitable organisations purposes of other volun18ry org8nisats'ons.
Th8 Iruslees have pald duo regard lo guidance issued by the Charfty Commlsslon In decidlng what acllvlfjes the
charity should und&rt8kg.
Thls provislon is prov￿ed a5 pef the yeryices highlighted In the gchievements and perfomance sec¢lon as set out
below..

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Achievements and perforniance
Some group hi￿ during Ihe year to March 2023 Wèst N(xfdk Cornmunity Trar￿￿￿￿t Project Limited provtded the
following services which began to recover signthcanty from the depressed levels se¢n during the eatlior p&rfod
of the Covid pandemic.
Dlalrya4u¥: D8m8nd-respon5ive dc*Jr to door, nJral arKI uthn services aimed al incr8aslng s￿131 indusion
among people wslh mobility problems and rural isolation.
Group Hlr•: A very sm8118mounl of Group Hlre twk ￿ce durfng the year as thlrd-party organlsations were
reluctant to restart due lo Ihe Covid pandemi¢.
Pdmary H••lth¢aT•: Non-emergency transwl into rural and uthn health ¢entres and hospftals. In addltion, we
transported a number of passengers to vaccination centres- these journeys w&r8 fro• of ch8rg• in the Klng's
Lynn urb8n area and 8 nominal fare was applied in other aTea5.
Shopmoblllty: A service whith provides manual and dectric vtheel chalrs. powered scooters and walklng alds
from Sl Jam68 multi-slorey car paTk in the Cent￿ of lovm. The service Integrates well with existing transport
services.
Transport contracts.. On behalf of Travel and Transm. Community Servichs and Childr8n's SeNIc8s al th8
County Council, wo Ir8nsport schcd d)Ildr￿ and people vrith leamlng dlftkulll88 Into schools and d8y s0￿CeS
and older people in lo day centre activities.
H*)8pltal Transport.. We endeovour to use our vc4unl8er drivors for hoalth ond 80081 wellb8ing joumeys.
Ihls has proved to be a very successful and heavily used seNi¢e.
Go to Town 8ervlc•'. The tradlng subsidiary WNCT Ltd operates public s6rvlces routes 8CC&S5ing the lown$ of
Klng's Lynn, Sw8ffl18m, Wlsbech and Downham M8rk81 and 8 v8dety of rur81 and olh8r Ioc811ons. Thls service
provided free bus passes for 107 Ukrainian refugee families to help them settle into West Norfolk.
Flnan¢l•l revl•w
R•vl•w of th• flnanclal p￿ItIon of th• Group and r•￿rY•S pollcy
The Ch•rlty
Th8 y88r lo March 2023 has seen some ratson81isation in our 88rvic8 provislons acetynpanie<l by continued cost
control. The current economic dimate has continued to wt wessure on grant funding Ythich is avail0￿e to tho
vdunlary sector- however our stslulory partner5 h8ve maint8ified (xjr funding for this year 8llhough the absence
of any signSflc8nt Sncreases hBs. 1Ska pr8vious yoars. T9Ju￿d tho valuas in re81 tomis. Wo shall bg looklng for
further commissioned work Irom all seclors as well as continuing lo look for ways of further reducing operating
costs and explorlng new business opportunrtles.
We saw an increase in passenger nurnbers by the end ofthe financi81 year lo 82% of pre-covtd levels and with the
htrlp of Norfolk County Councll bus servl¢e Improvement schemes this has increased lo 97% by Novembor 2023.
The present level of ￿serVeS held18 £1,958,070 vknlch Indudes £1,420.465 oftsnglble assets and £40,812 In cash
resetves available to use £1.932.482 01 the reserv8s held are calegorised as unr8s(ricted funds. £25.587 8r8
calegorised as feslricted funds.
11 is Ihe p￿ICY of the charity that unrestricted funds which have not been designaled fc( a SF*afic use should be
maintsined al a level equN8lent to Six months. expendtture.
The trustees consider that reserves at this levd will ensure that. in the event of a significant drop in fvnding, they
will be able to continue th8 charity's current activities while considerJlion is given to ways in which 8dditional funds
may be raisod. Thls level of reseNes has beon maintsinod througFwt Ihe y98r.

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Tradlng subsldlary
The year lo March 2023 showeil a sle8dy in¢r6ase in passenger numbers as we returned to pre covid levels of
activity. Bnd levels had risen by 12°A by the end ofthe financial year. We are now active members of the Bus
Service Improvement plan managed by Norfolk County Cwn¢il and already have two agreed proposals up and
running in 2023. The Norfolk County C￿ncil funded £1.50 flat fare scheme for the Kings Lynn town area was
Implemented in AugLtst 2023 and has already had a huge impaci increases in passenger numbers and
revenue.
The present deficit 15 £90,921 Indudes £546.548 In cash reserves availat4e for use. These are c81egorized
88 unrgslrictgd funds.
Prlnclpal $our¢as of Inc*)mfr and how •xp•ndltvre me•ts obJ•ctlv••
The prln¢ipal soijrces of income for the Charity is that of income from trojs routes for both the publlc and education
sactor, as well as funding from the councils to maintain thestr TOUt8s. Theso St}u￿85 of income have been used in
the year to support th& key object￿8 of the Charity as ouvir￿1 in this trustee's report.
Rlsk Manag•m•nt
The trustees have as58588d the rna1￿ risks lo wh1(* the tharlty18 exposed. and arg S￿$fi$d that procedure5
ara In place to mits'gale exposur8 10 the malor risks.
The Tfu5tees hav8 a rfsk management review which ccthwse8
continuing review of the ri8k8 the Charity m8y f8ce;
the eslablishm8nl of systems and procedures io mitigate Ihose identified risks and
the implamentation of PToc8dures designed to mlnlmise the ￿en￿￿1 impact on the Charity should tho
rtsks m8teriJllse.
Plan8 for th• futur•
The Ch8ri1y ha$ Idents'fted th8 fd10￿￿9 key tsrgets for the ecthing year.
All Opor8tlons- monitor tho retum of passenger numbeTr to pre.comd levels and revlew advertl8lng ond other
methods of slimulaling thi8.
01014 Bus IOABI- we are looking to expand Ihis vital seryice, p8rtirAdarfy In rural araas, And Improve efficiency
in term5 offrequency, locations served and r￿le plannlng thus onabling us to reduce Ihe cost per pass8nger.
Go ta Town- we 8re aiming to expand these services operated by our subwdi8ry trading company.as they are
proving lo be very popular and we hokx that they VAII b& abl* to 98neraie income to help support other serylces
with p88sgnger numbers retuming to prellcovid levels.
G¢lng conc•m r•vlew
The revenue from trading activities of the iTading subsidiary is typlc81by Inadequate to cover the Tunning costs, as
was the case during 2022123. In order lo break even the trading ￿MpanY requires a sufficient level of
commèrci81 conlracts for education as well as SLthaenl passenger numbels from commera81 roules, all which
were affected in Covid years. In the 2023124 financial ygar we do expect trading io improve compared with
2022123 and the financiol perfomance so far to the date of this reporl supports Ihal vlew. We 8nti¢ipate
passenger numbers to continue to increase supported by n8tiorh81 gov8mm8nt initiativas aimed at stimulating
growth in the bus 5ectOT to lulfil fXJT going (x)ncem statement.
Stru¢tur•• go¥•mane• and management
Govefning Do¢um¢nt
The Gharily is a company limitèd by guafant88 govemed by its Memorandum and Altides of A550Cl8tion dato 4
November 1996. It is ￿gIStered as a Charity the Charity Cornmission. A ￿$OlUtiOn was put to the members
at the 2015 AGM lo update the goveming documenL

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
WNCT Ltd is a private company limited by 5hare5 illcffjrfJTaled in England and Wale5. The registered office is
Unil 7 & 8 Merchants Close. Oldmedow Road. King's Lynn. Norfdk. PE30 4JX.
Tru$t¢8s
The Tru8ts88 who seNed durlng th& ye8r
Charlty
Mr N C Smith
Mr P 8rown
Mrs P Frgnch Idac8a$8d 17 08c8m￿r 2023)
Mr K L Shayshutt
Mr C E Suckllng I￿$6gned 19 January 20231
Ms S M Fraser
Incorpor8t&d Subsldiory- Dlr8clors
Mr P Brown
Mr N C Smllh
Appolntment of now Truit•••
All members are invited lo nominate Trustees, toaether with nominatlons from the management 18am and th
exi811ng Truslees. Those nomln8t8d 8nd 8pOnted are ale¢led 81 the fir81 AGM IdI￿ng appolnlmgnl.
None of the Iruslees h88 any b8nefid81 Intsresl In the ccthp8ny. Al TrL*tses are member8 of the company and
guarantee tr) contribuie £1 in the event ol a winding up.
Trugtee¥ Snductlon and tralnlnu
When ¢onsldedng nomln8Uons of Trustees the roqulrement 8ny spedg11sl skllls needed are revlewod.
rruslegs 8r8 8nwurAged to attend appropriate exiem81 training events ￿en these will facilitate the undertaking
of their role.
Now Trustees attend an orienlalion meeting to brref them on their legal obllgations under charfty and company
law. the content of the Memorandum and Artides of AsKtiation. the various committees and decision making
processeil, thg financial plan and recent financial perf0m￿nCe of the charity. During Ihis initial ortentation
prograrnme, they moel key employees and other Twslees.

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Organlsgtlon
The woj8¢t is adminisier&d by a committee containirMJ up to 12 and no less than 3 TnJste&s and up to 5 co-opted
Trustees. This committee meets 6 times per year.
In addition, at the request of the Tnjstees, Peler Brovm entered Into 8 consultancy agr8wTrent with the company
to provide support lo th& General Man8gers on an interfm basis to deal the impact of Covbd and 81so lo
provide strategic and financial plannin9 expertise in order to identify and meet fijlure d)8llèng8s. This
arrangernent came lo an end al March 31" 2023.
To facilitats effective Operations the senior and the management team have dglegated authority, ￿thIn
terms of delegation approved by th& Trvsteas. for op8ration81 rnattets induding finance and employment. Tho
senior official to whom the day to day management ofthe charity in the year was dèlegated by the Trustees of
the charity was Fiona Malchett. Fion8 left the char61y In July 2022 and Fiona's role was then mel by other
members ol the management team. The other memtjws of this managernent tearn weffj N8ts8ha Hurfey
Vanessa Reeve. Wendy Knobbs and Nick Elvln.
Relatsd p8rt14•
Th8 prolecl works In partnership vAth. and siyng of Iha wc48ct's seNicos are partly funded by Norfolk County
Coijncil, the Borough Council of King5 Lynn and West NC￿01k, Norfolk & W8V8ney Integrated Care Board and
Breckland District Council. WNCTP al80 Worts in partnership *Mth other schemes with similar obj'tsclives within
Norfolk and borderfng counties.
The charfly stsff conslsts of 25 drlvors Ilncludlng port￿M9 & relief). 2 passenger asslstants. 3 workshop
operatives12 qualified mechanics 8nd 1 Workshop SUp￿t18nd 1 m8inlen8ncel workshop administrator. In
addition, 14 volunteer car drivers help us lo provide our services. WNCT Ltd employs 26 drivers, 2 supervisors
8nd 2 bus cleaners as part of the subsidiary operations.
WNCTP has a fleg10120 mini4Jusgs. 2 Small vehides. 2 fleet support vans, and 1 car operating across West
Norfolk, South Norfolk, North Norfolk and Breckland. The projo¢t employed 8 Charfty Manager. a Financlal
Controller and 8 other 8dminislralion $18ff. WNCT has 8 fleat of 23 buses and employ8 a Genor81 Manager and a
Transwrt Monagor.
WNCTP operates s8tellit8 transport projgct$ which originated in the Icral Commun1￿88 8nd have 8 Strong Iwol
identity. In addiu'on lo King's Lynn Dialrya-Bus, these are Dial-a-6us In Swaffham and in Downharn Market
providing services for the surrounding a￿a$. WNCT ran the Flexibus service5 operating from Swaffl)am Ithls
onlrmcl ended in Seplember 20231 as well as running the"Swafftiam Flyorf vthich $tsrted in 2014 when the new
Tesco store was built in the town.
The charlty set up a trading 3ubsidiary, WNCT Llmitsd, In 2018 to develop commercAal opp￿tunItieS. Two
trustees are d1￿CtorS of WNCT Lttl.
Audltor
In accordance with the companYs articles. a resdullon proposlng that Mapu$- Smlth & Lemmon LLP be
reappointed as auditor of the company wll be wt at a General Meeting.
Dl¥¢lo$ur• of Informatlon to audltor
Each of the Trustees h8$ ¢onfimed th81 there is no infomiation of which they are 8warè vthich Is rglev8nl to the
oudit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identity such relevant information and lo establish that the audrtor is awaro of such infomiation.

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Trustee report was approved ty the Board ￿ Trustees.
Mr N C Smlth
Trustee
Dated..
Mr P Brown
Trustee
Daled:....

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
TRUSTEES RESPONSIBILrrES
FOR THE YEAR ENDED 31 MARCH 2023
The trustees, who are also the directors of West Norfolk Community TranstKMt Projecl Limited for the purpose ol
company law, are responslblè lor preparing the Trusie$$' R6wt and the financial statemen15 In 8ccord8nctr with
pplic8ble law and United Kingdom Accounting Slandards (United ￿"ngdoM Generally Accepted Accounting
Practi￿1.
Company law requires ihe trustees to prepare finanaal statements for e8ch flnanual year whi¢h give a true and fair
view of the 51ale of affairs of the ch8rity and of the 4n(x)ming resour¢8s and a￿lCa￿(￿ of resources, Induijlng the
Income and expenditure. of the charitable Company for that year.
In preparfng those flnancSal stslements, the Injstees are required to:
- select suitable accounting Oicies and then apply them consislenty.
- ob8erve the methods and principles in the Charrll88 SORP:
make ILtdgements and estimatgs th* aro rnasonatAe and pNdenl-
stale whelh&r appllcgble UK Accounting Standgry1$ have been fdlowed, 8ubi8cl lo any material departures
d15dosed and txpl8ln8d In the flnandal statemenls: 8nd
prepare the financial statemen15 on the g)ing concem ba818 unle8s il is inappropriate to presume that the th8ri1y
wlll ¢¢nllnu8 In operaJon.
The trustees are responsible for keeping adoqual8 8ccounting rwds that disdose wih reasonablè accuracy 81 any
Ilme the flnanci81 wsltion of the charity and ena￿6 them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for Safeguarding the assets of the charity and hence lor taking
rèa80n8ble steps for tho prevonlion and detocti￿ of fraud and olher irTegularities.

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Oplnlon
We have audited the financial stslem8nts of Wesl Norfolk Community Transport Proj8¢t Limited Ilhe 'parenl
charitable company'l and its subsidiary (the "group") for the year ended 31 March 2023 which comprise the
consolidated stalem¢nt of fin8nci818¢tivtbes, Ihe consolidated balance sheel. the consolidated slalemenl of cash
flows and the note3 to the financial statèments. indudlng signlfic8nt 8￿NJ￿￿n9 poliaes. The financial reporting
framework that has been applied in their Preparalion is applicatle law and Untied Kingdom Accounts'ng Standards,
including FRS 102°The Financi81 Reportlng Stsndard applicable in the UK and Republi¢ of Ir&land' {UnSled Klngdom
Generally Accepted Accounting Practice).
In our opinion. Ihe financial slalements-
glve a tru8 and falr view of the stste of the group's 8ffairs 8nd of the parent charitable compBny's affairs as at
31 March 2023 and of the group's incc¥ning resources and 8ppIKab'on of re8(xJrces. induding il's income and
xpenditure for the yèar then 8nde¢J'.
have been properly prepared in aC￿rdanCe ￿ United Klngdom Generally Accepted Accountlng Pr8cllce',
and
have been prepared in accordance the reouiroments of the Compan588 Act 2￿)6.
B•sl$ for oplnlon
We conducted our audll In 8ccord8nc& wrth Intem8￿￿)81 Stsnd8rds on Auditing IUKI IISAS IUKII 8nd 8ppllc8ble18W.
Our responsibilitie5 under those standards are further de$cribed in the Audilols rOSp￿SIbilItieS for the audit of the
financlal stattrments sectlon of our report. We are indeperKfenl of th8 group and the parent charttable company in
accordance with the ethical r8quirements th81 arg rglev8nl lo our audit of the financial statements in the UK, includlng
th8 FRC'S Elhlcal Slan(18rd, and we have fulfilled our other athical responsibilities In 8ccordance with these
requirements. We believe th81 tho evldence we h8ve obtained is sufficlent and appropriate to providg 8 b8818
for our opinS0n.
Conelu8lon8 r•latlng to golng ¢on¢wn
In 8udlling tho finjftcial stalemenls. we have conduded thotthe truslo08' 1180 of the gdng c¢Jnc8m basis of accountlng
in Ihe preparation ol Ihe fin8n¢ial statements 1$ 8ppropriale.
Ba8td on the work we have performed. we have not Idenlftod any molerf81 uncert81nUes rèlatlng lo events or
¢ondllions Ihal. individually or collectivdy, may ca51 significant doubt on the gioup and th8 par&nl charitable
cornpany's ability lo continue as a golng concom fly a p8dcd of at least twefvo months from ￿en the fin8naal
8lalemenls a￿ 8utt)orised for issue.
Our rts8ponslbilltl88 and the Te8pons4bilities of Ihe Irustses resF*rtto golng concem 8r& described In the relevant
$gotion$ of this r¢port.
Oth¢r Inforniatlon
Tho other infom)8tlon comprises the Infomalion included in the annual report olher thBn tho flnanci81 statements and
Dur aiJdito¢s repori thereon. The trustees a￿ responsitrjefor the other information coniained wthin the annual report.
Our opinlon on the financial statements does not cover the olhgr infomiabon and, except lo the extent Othe￿Se
xpliclly st8t8d in our rgPQrt, Wg do not express any form of assurance conclusion th¢r¢on. Our rgsponsiblllly is lo
read the oiher information and. in doing so. consider whether the other information is malerially inconsislent with thg
rinancial statements or OUT knovledge obtained in the COUTse of the audit. N othemse appears to be materially
misst8ted. If we identify such material inconsislen(ie5 or apparent material misstalements. we am required lo
detemiine whether this gives rise to a mat&rial mis$tatem8nt in the financial statements Ihem5elves. If. based on the
work we have p8rfomi8d, we condude that there is a material misslatement of thls other Infomalion, we arè required
to report that fact.
We have nothlng to report In thls regard.

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
INDEPENDENT AUDITOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Oplnlons on other rnatters presulbed by the Compan1￿ Act 2006
In our opSnion, based on the wtwk undertaken in the course of our audiL'
Ihtr information given the trustees. report forthe financyal yearforwhich the finanaal ststements are Prepared,
which includes the directors. report preparod lor the puw)ses of company law. is consisl8nl with the financial
slatemen18', and
the directois. report Induded wlthln the tru8te88' Tepcvt has been prepared In accord8nce wlth applicable legal
requirements.
Mattérs on whlch w• ar• r¢qulred to r•poit by oxcoptlon
In the light of the knowledge and understanding of the group and the parent charitable company and its environment
obtainèd in the course ol Ihe èudil, we have not identsfied material misslatements in the director8, report included
within the tru5tees' report.
We have nothing to report In rOspe￿ of the follovAng matters In relev￿ ki ￿kh thg Companl8s Act 2CQ6 rgqulres
U8 to report to youll, In our oplnion..
Adequate accounting records hove not been kept. or retums 8dequale for our audit h8ve not bggn recelved
from branch88 nol vl8lted by us,.
the fln8nclal st81ements aro not In agreement wllh the 8ccounfjng recrrtd8 and r8tums,' or
cortaln dl8do8ures of tru81ets8' remunerauon sp8dfied by Igw are not mado:
we have not recelved all Ihe Informatson and explanatbons we requSTe for our audll; c
the Iruslee8' were not en￿lled lo proparg Iha finanrial th8 finandal ststements In accordance with the sm911
companles r8glme anil take adv8ntsge of the small companltt, exempllon In preparfng tho tru8lee8' r8port and
from the requirement to prepare a strategic roporL
R•8pon8Sbllltlo8 of truste•s
As expl8inod more lully In the stslemenl of truslees. reS￿nSibl51b"es, the trustees, who 8re 81so the d¢reclors of the
pa￿nI charitable cornpany for Ihe wfpos& of company 18w. aro responsi1￿9 for the pr8paratlon of th& flnan¢lal
stsleFnenl8 and for being $8Usfied that they glve a true and fair v7ew. and for Such intemal control as the Injstees
detemiine is necessary to enable the prep8rab.on of fin8n(i#l statements that are free from matorial misst8t8menl,
whether due lo fraud or error. In preparing the financial stslements. the Injstees are responsible for assessing the
group 8nd the par8nt ch8rilable company'8 ability to continue as a going concem. disd08ing, as applicable. matters
related lo going concern and using the going concem basls of 8ccoun￿n9 unless th& tru$t&gs glihor intend to IlquSd8t
the group and the parent charitable company or lo cease operalions. or have no realistic altemab've bul lo do so.
Audltoes refjponslbilltlgs for tho audit of the financlal statements
Our objectives are to obtain raasonable 8ssur8nGe aboul whether th8 fin8nci81 statsm8nts 88 8 whol8 8r8 fro¥ from
material Tni5slalernent, whether due lo fraud or error. and to issue an audilorfs report that includes our opinion.
Re8$tsnable assur8n¢e Is a high level of assuranee, bul is not a guarantee th818n audit C(￿d￿Cted in accordance
with ISAS IUKI will always detect a material misststemènt when (( exists. Misstatements can arise from fraud or èrror
and are considered rnaterial if, individually or in the aggregaie. they could reasonably be expecled lo in11uence the
aconomic decisions of usèrs tsken on the basis of these fin8ncial sl8tements
The extent lo which our wocedures are capable of detecting irregularitses. indudir@ fraud. is detailed below

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Th? extent to whlch the audit was consld•r•d eapabl8 tsl detectlng irregularities includlng fraud
Our approach to identifying and assessing the risks of material misstatemenl in resp￿ ol itr8gul8rilies,
including fraud and non-compliance wth18ws 3nd regulations. was as fc41ows:
the engagement partner ensured that the engagement leam ¢olle¢tively had Ihe Jpproprlate competenc8,
capabilities and skills to idtrntrfy or recognise non-compliance with applicable laws and r8gul8lions',
we identified the law5 and regulatsons ap￿iCable to tho group and the charilable parent company through
discussions with truslees and other management..
we focused on specific laws and rggulations whith we ¢￿61dered fflay have a dlrect materlal effect on the
finan¢i81 stsloments or the operations of the group and the parent ch8rrtable company, indudin9 thè
Companies Act 2006, taxation16gislation. and omployment legIsla￿on-
we assess8d the extent of compliance V•ilh the laws and regulation$ idenlified 8bove through maklng
enquiries of management and inspecting legal correSponder￿. and
identified laws and regulations wer8 communicat8d wthin the 8vdll le8m regularfy and the team remaln8d
alert to Instances of non-compllance thr0ugh￿Jt the audit.
We 88sessed the suscepliblllty of the group and parent ch8ritabl8 u)mp8nY8 fln8ndal 8tsl&m8nts lo mat8rf81
misstatement. including obtaining an urtderslanding of how fraud might occur, by..
m8king enquirle5 01 managem8nt as to ￿ere they ￿￿sIdere(l there was 8uscepfjbllity lo fraud. their
knowlfjdgè of a¢tU81, suspected and 811ege(J fr8ud.' 8nd
considering the Intemol controls in pl8¢9 to mitig8te risks of fraud 8nd n￿-ComrA￿ance wllh laws gnd
regulatlons.
To addre8S the r13k of fraud through management th'as and override of controls, we..
performed analytical procedures lo identify 8ny unusual or unexpected relaticfflships..
lesled joumals to identify unusual transac￿'Ons'.
assessed wh&lh8r judgements and assumpllons made in detsrminlng tha a￿￿(¢ntIng estlmates were
Indicative of potential bias: and
investigated the ralSonale behind significant or unusual transactions.
In response to the d8k of IrregUlart￿tr8 and non-ojfflpliance wilh laws and regulations. we deslgned procedures
which Included, but wer8 not limlted to..
agre8iro financlal statement disd05ures to und8rfying supporting document¥Uon,'
reading Ihe rninutes of me81Sng8 of those ch8ryed wilh govemance.. and
enquiring of managemenl as io aciual and polential litigobon and dalms.
There are inherent limitations in our audit proc8duw d•scribetl 8bov8. The more removed that laws and regulatlons
8re Irom financial Ir8ns¥Ctions, the less likely it is thalwe would become awa￿ of non-complian¢8. Au(Jiling standards
also limit the audit procedures rgquir8d to Id&nttfy non-compliance wth laws and regulations to enqulry of th& trustees
and other managernenl and the inspection of regulatory and legal ￿￿S￿x￿)den¢e, if any, Material misstatements
that arise (lutr to fraud can be harder to detect than those thal arise from error as they may Involve deliberate
concealment or colluston.
A further descriptlon of our Tesponsibilities lor th& audft of tho fln8nd81 st8t8ments Is locatsd on the Finand81
R9POrting Council's w8bsite al.. htlpS'.Ilw%￿.trC.ovg.uhJaUd)l￿reSponsItsIIiIies. This dèsuiption forms p8rt of OUT
auditor's report.
Use of our report
Thls ￿port is rnad8 $018ly to lh8 gr(MJp and the tharitable parent companYs members. as a body, In 8ccordance wth
Chapler 3 of Part 16 of th8 Companies Act 2006. Our audit work has been undertaken so that we might state to th&
group and parent charitable company's members those matters we a￿ required to state to them in an auditors, report
and for no c>lh&r purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other than the group and the parent chartiable company and the group and pwent (*aritable company's members
as a body for our audit work, for this reF•X OT for the opsnions we have fomied.
10

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Sharon Edwards (Senlor statutory Audltorl
for and on behalf of Mapus-smlth & Lemmon LLP
Chartered Accountants
StatLrtory Audltor
48 King Street
King's Lynn
Norfolk
PE30 1HE

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Unr•$trlctsd
fund8
2023
Restrlcted
lunds
2023
Total
Total
2023
2022
Incom• from:
Donations, Membershlps. Funding & Grants
Income from ¢onlr8cts & bus farès
Other income
403,155
2.255.336
476
70
403,155
607,101
2,255,336 2,064,928
476
936
Inleresl receivable
70
24
Totsl Incom• r•colv•d
2.659.067
2,659,037
2,672,989
CharS18ble 8¢t[￿lIes
2.570.983
20.882
2.591.865 2.516.836
Taxation
11,5911
Totsl r•sourc•8 •xp•ndfrd
2,570,983
20,882 2.591,865
2.515.245
Net lexpendltur•lllncom• for th• ytail
N•t mov•mont In funds
88.053
120.8821
67.172
157,744
Fund balances al 1 Apdl 2022
1.690.319
46.469
1,736.788 1.579,044
Fund balan￿* at 31 March 2023
1,778,372
25,587 1,803,960
1,736.788
Thg Statement of financial adivities indudes all gains and losses reci*3nised rn the year.
All in¢om8 8nd eX￿ndIture derlve from continuing ad1V￿¥S.
12

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
CONSOLIDATED BALANCE SHEET
AS A T 31 MARCH 2023
Group
2023
Group
2022
Ch#rlty
2023
Charlty
2022
Flx•d assèts
Tangible assets
Inve3lments
12
13
1.426.982
1.410.5
1,420,465
Iixi
1,402,262
100
1,426.982
1.410.506
1.420.565
1,402,362
Curronl g$••ts:
D8btors
Cash al bank and In hand
15
382,366
587.360
359.121
681.249
941.983
40,812
829,445
115,133
969.726
1.040.370
982,795
944,578
Cr•dltorn: *m¢)unts lalllng due wlthln one
18
{401.0941
1471,2871
{253.636
(304,1621
Not ¢urr•nt a•8•ts
568.632
569.1]83
729,159
640,416
Total ass8ts1888 current Ilabllltles
1,995.614
1.979,589
2,149,724
2,042,778
Cr•dltors'. amounts f•lllng du• •ft•r mor• than
one year
19
{191.6541
{208,0511
1191,6541
1208,0511
Provlslon• for IlabS1111
134,750
134,7501
N•t •$8•ts
1,803,
1,736.788
1.958.070
1.799,977
Income funds
Restri¢led funds
Unrestricted funds
21
25.587
1,TI8.373
46,469
1.690.319
25,587
1.932.482
46,469
1.753,508
1,803,960
1,736.788
1.958.070
1,799,977
The Ilnanclal sta(•rnants were approved by the Trustees on .... .
MrP
rown
Tru$t&&
Company Reglstratlon N￿ 02922015
13

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Cash flgw$ from op•ratlng a¢ttvltl•
Cash genèratèd from 0￿18tionS
Interest paid
Income tsxes paid
N•t cash Inflow Irom op•rattng actlvltl•8
27
143.268
14.3001
190,398
13,5781
663
186,157
138.
Invo•ting actlvltl•$
Purchase of tan9ible fixed assets
Proceeds on disposal of tangl￿e fixed
assets
Interest received
(175.5011
24.183
35.220
70
3,399
24
N•t calh u8•d In In¥•8tlng actlYltl•s
1140.21111
120,7601
Flnanclng •¢tlvftl
Repayment of bank loans
Payment of cèlig81ion8 under fln8nce188888
120,6571
171.989)
120,0751
1197,383
N•t cash u••d In Ilnanclng actlvltle•
192.646}
1217,4581
Not In¢rna•• In ¢a•h and ¢••h •qulval•nt8
193,8891
152,0611
Cash and cash oqulvalents al boglnnlng of year
681.249
733,310
Cash and ¢a#h •qulval•nts at ond of year
587,360
681,249
14

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng policies
Charlty Infomiatlon
West Norfolk Community Transport Prc¥ect ￿Mited is a wvate comp8ny limitsd by guarantee incorporated in
England and Wales. The reglslered offi¢e18 Unil 7 & 8 Merchants Close. Oldmedow Road. King's Lynn, Norfolk.
PE30 4JX.
1.1 Accountlng conv•ntlon
The flnancl81 statements h8ve boon prepared in accor(lan¢e the Charity's goveming documènt, the
Charities Act 2011 and "Accounting and Reporting by Charities.. Ststement of Rècommended Practice
applicable lo chariti85 preparing their accounts in accordan¢8 with the Financial Reporting Standard applicable
In thè UK and Rapublic of Ir818nd IFRS 1021. I8s amended for accountlng p8riods commendng from 1 J8nu8ry
20161. The Charity is a Public Benefrt Entity as defined by FRS 102.
Thè fin8ncièl ststom&nls havvts d￿)arted from the Charities (AcC￿nts and Reports) Rogul8llon8 2008 only to
the exlenl required lo provide a true and fair view. This d8P8rture has involved followng the Statement of
Recomm8nded Practlce for ch8ritie$ ap￿yIng FRS 102 rather than Ihe version of the Slatomenl of
Recommended Practice which is referred to in th8 Regulats'ons tMJt which has sinco boen wilhdrown.
The finan¢i81 st8lements are prfjpBred In sterling. which is ihe hjncllonal currency of the Group. Mon&18ry
omounts in these financial ststements are rounded to the nearest £.
The financial statements have bgon prgpar9d under the hlstorical ojsl convention. The prlnclp818ccounllng
policies adopled are s8t out below.
1.2 8asl8 of accountlng and consolldatl¢)n
Thestr financial slaloments consolidate the re8ulls of the parent Charity. IVS In￿rporated subsldbary WNCT Ltd
l¢ompany number 111830941. The trading subsidlary is a private company Ilmrted sh8188, reglstgr8d in England
and Wales.
A separate slalemenl of financial actiwties 18 not presented the Ch8rlty It80lf followin9 the exemption8
8v8118ble under th8 Charftles SORP.
1.3 Golng concern
The trustees consider that there are no material uncertainties about the Group's ability to C¢￿tInue as a going
concern. Golng concem has been discussed by the trustees in their annual report, and the trustees are
confldenl11 wll not 8ff9Ct lh8 fin8n¢es ofthe group to such a degree Ihal going concem 18 conslder&d an issue.
The subsidlary incurred a nel loss of £90,921 during the year ended 31 March 2023 and, as of that dale, the
Subsidiary's current liabilities exceeded its total assels by £154,010. Bu¢Jgets prepared for the yeor ended 31
March 2024 also show an antirApated 1055, lor which funding VMII be reqLtired from ihe parent charity. Thi5
support IS 6xpected to bg in the short to medium temi as the directors ol the trading 8ub8idi8ry h8ve
undertaken an exlensive review of route profitability of the bu5 8erviixs operated and have iaken appropriate
Steps lo remove loss making routes lo en8uTr th81 the Lxmp8ny Tetums to a profft making p03iUon as soon 88
possible.
Overall the group madg 3 surplus of £67,172 during the period and has reserves of £1.803,960 on the
Balance Sheet.

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles conL
1.3 Golng conc•rn conL
The cash position of the group remains healthy and cashflThvs show there is sijfflclont funds avallable to
sustain the actlvities of the tharfty and the trading subslthary for a period of at least 12 months from aprxov81
of the Balance Sheet.
The Tnjstees confim) li is Bppropr18t8 for the finènci81 statsrnents lo be prepared on the going concem basis.
1 A Charltabl• funds
Unr8slrtcled fund8 8ro 8vailablè for use at the discreb.on of the frustees in furtherance of their charitsble
objectsves unless the funds have b8¢n designated for other purposes.
The Charity has 8 reslricied income fund to account for situations i*here 8 donor or gfanl provider requires that
a donation or giant musl ￿ 8p8nl on a parJ¢)Jlar puw or where fvnds have been raised for a partlc(tlar
purpos8. All other fvnds are unrnslrtcied income fund$.
Deslgn8ted funds comprkn funds whleh have b88n $81 a8lde at the discrellon of the trust888 for $pg¢lflc
Purposes. rhe purposes and u8•s of thg design818d funds are $91 out in the note8 to lh8 fin8ncl818talemenls.
Endowment fiJnd8 are 8ublect lo specmc ￿ndI￿On5 ty donorn Ihat the capltsl must b8 m8intaln8d by the
¢horlly.
1.5 Incomlng rn•ourc••
Income Is recognSsed when Ihe Charity Is leg81ty 8ntSVed to it after #ny ￿rfo￿lanCe condiuons have bean
m81, the amount8 can be ffteasured reliatrAy. and it is probable that inc(rfne WAI be received.
Cash donations Are recognised on receipt. Other donAtions are recognised onc8 the Charity has been notified
of the donation, unless performance condit1c￿5 require defe￿al ol the amount. IncL)me tax recovgrable In
relotion lo donation$ receSv8(l under Glft Aitj ￿ deed8 of covenant 1$ reciyJnlsed at the lime of the donation.
A680ts for dSslrtbullon are recognlsed u)ly when dI￿tr￿lled. Assets glven for use by the Char6ty are recognlsod
when Teceivoble. Stocks of undistribthe(I don8tgd good8 are not valued fty b81anc8 she81 purpos08.
LegBcies are recognised on recèipt or oth0Th￿Se If thè Ch8rity has been notified of impending distribution.
the amount 15 known. and receipt is expected. If the amounl is not knovm. th&1ogacy & treated as a contingent
88801.
Grant Income is recognised when the Charity is legally entlued to it after any performance ¢ondltlon$ h8ve been
mgt. the 8mounts can be me8siJred ffjli81Ay, ar￿ it 18 probable th8t ￿cOme wll be received.
16

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles eonL
1.$ Incomlng r•sourus conL
WNCTLtd
Tumover is recognised at the fair Yaiue of the ￿￿sId￿3{10n received or receivable for goods and
service5 provided in the nomal ¢ourse of business. and is shown nel of VAT other sales ￿lated
tsxes. The fair value of consideration takes into account trade tliscounls, setUem9nl discounts and
volume rebates.
When cash inlSows are deferred and represent a financing arr8ngomenl. the fair value of the
consideration is the prasenl v81ve of Ihe future recelpts. The difference beiween the f8lr value of the
consid8ratson and the nominal amount received is recognised as interest Income.
R8V8nue from Conlwctg forth8 prowsion of prof8ssirmAI swvices is recognl8ed by refe￿n¢9 10 th8 StBg8
ol completion when the stage of completion. costs incurretl antl costs to ci)mplete can be estimated
rellably. The stage of cc¥npleliM Is c81culale(I by wnparing costs incurred, malnly In r8latton to
¢ontr8¢tual hourty staff rates and materials, as a pl0porti￿ of totsl costs. Wher8 the outcome c8nnol be
estlmaled reliably, revenue Is recognlsod only to theextenl of the expensos rocognlsed thal11 Is probabl
wlll be recovered.
1.6 Resourcw4 gXPond•d
Expenditure is recognised wthen a liability is incurTed. ContractU818rrangemonts arKI p8rfoTmance
Telated grants are recogniswj as goods or seNlces are supplied. Other grant payments arè reu)gnlsed
when 8 constructive obli98tion arises that resulls in Ihe payment being un8void8blg.
Cosls ol generating funds afe Ih05e costs incurffjd in trading activiknes Ihat raise funds.
Charitable activilies are Ihose costs inCu￿e￿ by the ¢*arity in meeting ils charitatde obleclive8.
Governance costs Include those incu￿0 in the governance of the Charity and its 8ssels atKI
gre prlmBdty 8ss¢Jdaled wlth the ￿lStitU￿(￿aL and ststuw requlrements.
1.7 T•nglblè flx•d 888•ts
Tangible flxed ass81s are Inthally measurgd at ￿$t and subsequently measured al cost or valuation. not
of depreciation and any impairment losses. Donated iangible fixod as$eis which do r￿1 h8ve a cost lo
the Charity are capilalised al Ihtrir Current Value at thg dato of donation.
Depreciation is provided at rates c*l¢ulaled lo wdle off the costlgss estimated residual valuo of 8ach
asset Ovef Its expected useful lif8. 89 fdk)ws'.
Buildings
No tl8predalion is charged on the basis ihal any charg8
would be immaterial due lo the fysitlu81 value ol the asset
25% reducing ba18nce basis
25% ￿dUcIng balance basis
As at 31.03.22, the accounting policy was 10% on
delivery, followe(I by 10 years stralght line.
As at 31.03.23. the revised policy is 10% on dtrlivery.
fdlowed by 10 years straight line for minibuses. and 15
year5 stsight lino for PSV Buses.
See note 1.17 for fvrther details regards thi5 ch8nge in
)unting policy.
Bus gnd Shopmobility equipment
Office equipment
Motor vehides
Plant and equlpment- WNCT
25% Teducing balance b88iS
The gain or loss arising on the disposal of an asset is determined 8s the difference beNveen the sale
proceeds and the carrwng value of the asset and is recognised in net tr￿DMe1[expenditUreI for the
year.
17

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng p911¢1￿ cgnt
1.8 Impalrmotrt of Ilxed *￿￿ts
Al each reporting end date, the charity reviews the carying amounts of its tangl￿e assets to determin$
whether there is any indication that those assets have suffered an impaimienl loss. If 8ny such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of
the impaimenl loss Irf any).
1.9 Cash and cash •qulvalent8
Cash and cash equivalents indude cash in hand, deposits held al call banks, other short-term liquld
inv6slmenls wllh odginal m3turftl￿ ol thr80 months or186s. and bank ovèrdrafts. Bank overdraft5 are
Shown wSthin borrowings in currenl liabiifaos.
1.10 Flnanclal In•truments
The Charity has elected to apply th¢ provisions of Soction 11 'Ba$i¢ Flnanaal Instruments. and Sedon
12'0theT Finanrial Inslruments1ssu&s' ol FRS 102 10 811 of its financi81 in8trurnents.
Flnancial Snstrumènts Are recognised in th8 Charws balance 8hèèl when thè Charity become8 P8ty10
the ¢onlr8¢tU81 provisions of the instrum8nL
Flnancial 8s88t8 and Ilabillties are off8eL wlth Ihe nel 8mtxJnts pr88enlad In the financi818181ements,
when Ih8rg 1$ a legally enforceable right trj sgt off the recognised amounts and there Is on Intondon to
setile on a net basis or lo r8ali88 the and 8eule th8 tsability simultan80U51y.
8a8lc Iln•ncl•l assets
8aslc flnancial assets, which include d&btors gnd ¢ash and bank balances. aro Inltl8lly measurod at
Iransactlon price including transaction costs and are subsequenuy carried at amorti5ed cost using Iho
effective interest method unle55 the arrangement conslilutes a financing transaction, where the
trans8cbon is measured at tha present value of the fubjre receipts discounted at a market rote of intsrgst.
Financial assets classified as receivable within one year are not amorbsed.
80¥1¢ Iln•ncl•l Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
unless the arrangemonl constl¢ules a fin8ndng tran$a¢tron. where tho debt instrument Is measurod al
the present value of the future payments discounted al a markel rate of interest. Financial liabilities
classlfied as pay8ble vAthln one year are not amortlsed.
Derncognltlon of flnanclal Ilabllltles
Financial liabilities are derecognised when tr* Chanty's t￿)ntr￿Ctual obligalbons expl￿ tr8ro disch8ryed
or c8n¢elled.
1.11 Employa• benefits
The cost of 8ny unus8(I holid8y onllllemont Is recognisod In Iho Fwlod In %thlch Ihg employee's S8￿CeS are
received.
T#mln8tSon beneflts are recognised immediatety as an expense when Ihe Charfty Is demonstrably commltted
to terminate the employThent of an employee orlo promde termination beneffts.
1.12 Rgtlr&m•nt b•n•fits
Payments to defined contrilxrtion Tetirement benefft 8d4emes 8re tharyed 88 an expense a3 they fall due.
18

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Aettsunllng pollel•s eomL
1.13 Taxatlon
WNCTLimited
The lax expense represents the sum ofthe tax t￿r￿ftty pay8ble and deferred tsx.
Current tax
The tax currently payable is based on tsKaNe profit for the year. Taxable Profil differs from net profil as reported
in the profit and loss account because it exdudes items of income or expense that 8re tax8blè or deductiblg in
other years and11 further exdudes items that are never laxable or dedu¢tible. The ￿MpanY'S liability for current
tsx is calculated using tax lates that have t¢en enacted or substantively enacted by the reporting and d819.
Dgferrod t•x
Delefred tax liabilities arè generally recognis8d forall tinwng differences and deferred tax assets are rocognised
lo the extent that it 15 probable that they will b8 recovered against the ￿verSal ol deferred tax liabilits'&s or other
future taxablts profits. Such assets and liabilities are not re¢ognis8d if Ihe timing d¢fference arises from goodwill
or from the initial recogniuon of other assets and liabilities in 8 trans8Ctlon that affects nellh8r the tax profil nor
the accounfjng profil.
The carylng amount of deferred tax assets is reviewed al each reporting end d8t8 and reduced to tho extent
that il Is no longer prob8ble thèl suffldenl laxabltr profits VAII bg availablo to allow all cff part of the asset to be
recovered. Oeferred tax is calwlaled at the lax rates Ihat are expected to apply the period when the liability
s sellled or the asset is r8alls8d. Defefred tax is ch8rged or credilad In the proftl 8nd loss account. except
when il relates to items charged or crodited dirgctly to equity. in which case the deferred tax is also dealt with
In equlty. Delerred tax assets and liabilities are offset when thè company has a leg811y onlor¢8able dght to
offsgt current t8x assgts and liabilities and the deferrod tsx assets and liabilities relate io taxes levied by the
same tax aulhorbty.
1.14 Provl8lon•
Provi8lon8 are recognised when the charity h8S 818981 or ￿l$trUCtIVe prfrsent obligatson as a result of a past
event. it is probable that the charity wll be required to settle that obligation and a reli8ble estimate can be
rnade of the amount of the obligatlon.
The amounl recognised as a FKovision is the best estimate of the con8id8ration requSred lo sgtue the prgsont
obllgallon al the reportlng end date, tsklng Into accounl the risks and unc8rtalnlles surrounding the obllgation.
Where the 8ffeci of the bme value of money is malerial. the amount expected io be required lo setdtr thts
obligation is recognised at present value. When a wovision is me8$u￿d al pr8sent value. th8 unwinding of
the discount bs recognise(l as 8 fin8nce cost in net in¢omelloxpenditure} in the period in which it arises.
1.15 L•4¥o•
Leases are classified as finance leases whenever the lerrns of the lease transfer substantl8lly all the risks and
rewards ol ownorshlp to the lessees. AJI olher18ases are dassified as operating lease5.
Assets held under finance leases are fecognised as assets at the lower of Ihe 89s8ts fair v8lu8 #t the dal& of
inception and Ihe present value of the miniwnum leastr payments. The related liability is included in the
balance sheet as a finance lease obligation. Lease payments are treated as consisting of c8pitsl 8nd inlere8t
elements. The interest is charged to nel incomel{expendiiuTel f(K the year so as to p￿￿Y¢e a constant
pedodic rale of intergsl on the rem8ining balance of th8 liability-
Rentals payable urKler operating leases. induding any lease irK*ntlve8 feceivgd, are thargod as an
exponse on a straighl-line b8sls over the temi of the relevant lease.
1.16 Go¥o¥nm¢nt gr4nts
Govemmenl grants are recognised al IhefairwJlue of the 85Set received or receivable when ihere is reasonable
assurance thal the grant conditions wll be mel and the grants will be received. A grant th81 specifi8S
performance condibons is recognised in income when the Performan￿ ¢x)ndib"ons are met. Where a grant does
not specify PerfOr￿anCe conditions it is recogniséd in in(x)me when the proceeds are received OT receivable. A
grant received before the recognition criteria are satisfied is recognised as a liability.
19

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcS•9 cont.
1.17 Changè In aceountlng •$tlmots¥ and Judg¢rnents
The tru51ees have changed the motor vehides depreuation policy during the yearfrom 10 years straight line to
whal is now stated in note 1.6. The Injstees feel Ihis more accurately reflects the useful economic life of the
asset and will ensure the reshlval values for the motor Ve￿CleS are appropriately stated on the balanc8 sh8eL
1.18 Crltl¢al aecountlng •sllmatss •nd Judg•mtrnts
In the application ol the charity's accounting p(Ai(ies. th& trustees are requlred to mak8 ludgemonts,
eslimales and assumptlons abcyjt the carying amount of assets and liabilities that ar8 not r&adily appar8nl
from other sources. The estimates and assorjated 888umpbons are based on historical experience and other
factors that are considoreil io be relevant. Actual results may diff8r from these g$timates.
The aslimales and underfying assumpti￿8 are revlewed on an ongoing b8818. Re￿$10Th9 lo accounting
estimates are recognised in the p8riod in which the estimale is revlsed where the ravislon affects only that
porlod, or In the p8ri1)d of the fevislon and future p8riods where the revision affects t￿th current and future
p&riod$.
20

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Donatlons, M•m￿rshIp, Fundlng & Grants
ilnrn8trlcted R•8trfct•d
funds
fundB
Totsl
Tatal
2023
2023
2023
2022
Donatbons and glfts
Leg8ci$s receivable
Funding & grants
Membership fees
5.155
5.155
6,994
1,000
598,567
540
397.4SY)
510
397.49)
510
403.155
403.155
607,101
Donatlons and glft•
MaSn Prolect donations rec8lv8d
Shopmob donations
5,137
18
5,137
18
6,710
5.155
5,155
6.994
Grants r•¢•lvabl• lor corn actlvltl•#
Norfolk Health Authority
Shoprnobility- B.C.K.L.W.N
Local restrictions support grants
Tr8vel & Transport SeNices- NCC
HMRC- CJRS Grants
Dlal A Bus Scherne- B.C.K.L.W.N
CBSSG LTA and National lunding
Shopmobility- other
8.C.K.L.W.N. - Electric bus grant
Swaflham- including NGC & Breckland cojncil
funding
26.014
24.988
130.855
99,081
26,014
24,988
130,855
99.081
26,014
24,998
141,294
96,981
21,122
64,689
219,432
47
64.689
15,700
64,689
1 S,700
31.763
31.763
4.400
4.400
4,000
397,490
397,490
598,567
3 In¢om• from eontra¢ts & bus
Bus larn•
Chaflty
Contr•¢ts
WNCT Ltd Charlty
Totsl
YINCT Ltd Group
2023
Tots
Group
2022
Income from contrads and IxJ8
fares
44,660
589.880
522.456
1,098.340 2.255.336 2,C64,928
21

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
4 Other Income- Tradlng
Unrestrlcted
fund
Charlty
2023
Total
2022
Other income
476
936
S Inl•r•8t r•c•lvabl•
Unr•strlct•d
fund•
Charlty
Total
2023
2022
Interest receivable
70
24
22

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
6 Charltable actlvltle
Co¥t of Cost of
Cost of
Cost of
0￿ratIOnS0p&ra￿OnS at o￿TatIonS operntlon¥
at Maln
Shopmoblllty at Go To
Project
Total for
2023
Total for
2022
Swaflham
(WNCT Ltd)
2023
2023
2023
2023
Staff costs inc redundancy
Depreciation and irnpa1￿nent
Tr8vel expenditure
In8urance
Private travel arrangements
Vehicle iental
V9hicle oquipmenl rental
Vehicle fuel
V8hlcle maintenance
503.609
118.485
14.058
772.921
92.892 1,369.422
118.485
14,058
11B.014
1.252
72.459
31,627
355.419
207,363
1.406.149
156,519
8,245
117,006
41
65,819
27,736
311,927
178,899
121
82,949
1,252
72,459
31.627
288,687
66.732
207,163
S,911
29.455
Llc8nc8S
Equipment malnlenance
Training
Uniforms
1.780
7,691
29,4S5
11,237
3,498
18,370
14,960
32,717
B.030
2S,g50
8,792
3,126
17,957
16,567
11.6841
5.381
1,466
18.370
14.960
2,032
Vehide deaning costs
Bus stauon bay rentsl
Profil and Ioss ¢Jn sale of
8s8els
32.171
1093 421
121
1219 393
93 092 2 406 027
2 351079
Share of support costs (see
Mote 71
Share of governance costs
18ee note 71
134.845
279
28,188
2.451
165,763
144.772
12,783
7.292
20.075
20,985
1.241.049
400 1.254,873
95,$43 2.591,865
2,516,836
An#ly818 by fund
Unrestricled fLsnd5
Restricted funds
1.214.723
26.326
400 1,254,873
95,543 2.565,539
26.326
2,495.562
21.274
1,241.049
400 1.254.873
95.543 2.591.865
2,516,836
For the year ended 31 March 2022
Unre51ricled funds
1,157,041
Restricted funds
21.274
8,148 1.220.480
109.893
2,495,562
21,274
1.178.315
8.148 1.220.480
109.893
2.516,836
23

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support Costs
Support Gov•rnan¢•
costs
2023
2022
Recruitment and other staff c
Depreciation
Depreci8tion- WNCT Ltd
Operating18a5e charges
Telephone, postage & stationery I￿)MI￿ned>
Computer mainlenance
Rent & premises expenses
Sundry- inc bad debt wrlte off and cwd comKAiance
Bank charges & finance costs
Bank charges & finance rnsts- WNCT Ltd
Credit card charges
Leg81 & professional fe89 IciYnbin8(11
MBrketing- WNCT Ltd
Shopmobllity managèment & a¢iminl8tr8tion costs
Sw3ffham & Fl8xlbu8 managemenl & admlnl8tr8ti
costs
3.593
1.727
21.162
23.526
1.295
33.799
9.415
2,388
7.308
6.305
40,440
12.075
279
3.593
1.727
21.162
23,526
1.295
33.799
9,415
2,388
7.308
6,305
40.440
12.075
279
7,256
1,985
20,435
20,449
1,383
25,008
7,113
1.652
8.322
602
39.248
6.428
6,316
2.451
2.451
575
Audlt lees1888 note below lor WNCT Ltd 8pIIII
20,075
20.075
20,985
165,763
20,075
185.838
165,757
Analy5ed beN¥een
Ch3ri18bl& 8¢llwlle8
165,763
20,075
185,838
165,757
Governance costs indudès payments to tho 8udllors of £lO.4￿12022- £18.1(￿) for audit fe&%. £5,40012022 .
£5.1001 relates to the trading subsidiary. WNCT Lld.
Taxatlon
Group
2023
Group
2022
Ch•rlty
2023
Charlty
2022
UK Corporation tsx charge C￿ Kwofil f(x the
year
Deferred tax charge on origination and
rever881 of timing differences
11.591)
(1.5911
24

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Trusteeg
None of the IN$teg5 lor any person5 ojnnected wlh them) th8n sèt out below received any
remuneration during the year, but 2 of them was reimbursed a total of £1,375 travelling expen5es12022- 1
was reimburs8d a total 01 £1.1601.
During the year, the following remuneration was paid to the followng twsteas or those dosdy conn8ci8d lo
Iruslee8'.
Peter Brown- con$ult3n¢y 88r¥ices £30.00012022- £30.1)00)
West Norfolk Pest Control Limited- pest control £90012022- £900}- this business is ovmed
by the son of Peter Brown
The above arrangement with Peter Brown hos been extended, due to the continued recovery of the ch8rftabla
group Ihiough the Covid-19 pandemic. and some changes lo facilitsto wth key stsfflmanagemenl. The
trusteès all agreèd lor this arrangemenl to be extended and approved in a trustees meellng via refèrencè lo
the Charity'8 governing documenL This arrangement ended on 31 March 2023.
Travelllng exponses were rnlmbJr8ed at HMRC approved rale per IxJsln888 mlle.
10 Employ￿#
Numb•r ol •mploy••s
The average monthly number of emplo￿$ in the gfOUP durlng the yoar was..
2023
Numb•r
2022
Numbor
Drfvers linc pgrt-timg drivers)
Passenger assistants
Driver mechanics
C¢TrordSnalorg
General manager
Head ol finance & admln
Managor of West Norfolk Communlty Transprml
AdmlnistratSve staff
58
60
73
76
Employm8nt costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
Redundancy costs
1,256.808
87.798
24.816
1,270.331
86,378
14,690
34,750
1,369.422
1.406,149
There were no employees *thoso 8nnual remuneration was £fA).OCKI or mre.
25

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
11
Impalrnients
Impairment tests h8ve been Carrled oul vthero 8woplale and the follovAng Impwrmenl Ios88s have been
recogrsis&d in wofit or loss..
2023
2022
In respect of..
Property, plant and equlpNMnt
55,974
The above impairment relatss to vehicles MX11 CZJ1£21,0801 & SK65 PWV1£33,2441. During the financial
year MX11 CZJ was damaged by B Sur￿le1 when it Was ietumed. Vehide SK65 PWV, is currently with the
supplier and the condition is unknown. It is assumed that the vehide has been ifflpalr8d as the vehide has
been al tha suppli8r's locatlon since S8ptemb8r 2022 awaiJng a new &nglne.
The remainlng impalrment charge of £1.650 relates to a redassffjcation of a workshop ramp purchased In 2014.
In prior year8 tho ramp w88 ￿8981r4ed within L8nd 8nd Building whorè th8 policy ig to not to dèpr8cial8. Within
Ihg year, the tfustees consider the moro approprfale da5sificaUon to b8 Workshop Equlpmenl, whore
depreciation Is ¢h8rgod.

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
12 T•nglbl• fix•d
assets
GROUP
Bulldlhg
Bus&
ol11￿ Ilotorvohlel•¥
Shownobllfty •qulpmenl
equlpment
Plont 8nd
•quIpm•r￿-
WNGT Ltd
Totsl
Cost
Al 1 Aprfl 2022
Addlllons
500,710
138.950
30.718
1.974.655
10.229
2,655,262
33.975
138.226
175,501
Disposals
129,412) 129.190)
(15.2501
173,8521
Al 31 March 2023
471,298
143.735
34.018
2.097.631
10.229
2,756,911
D•pr•clatlon
Al 1 April 2022
D8preciallon ch8rged in the
period
Impalrmenl1088eB
81.187
20.371
1,141,213
1,985
1,244,756
13,384
2.657
50.063
1,727
67,831
1.650
54.324
55,974
Elirninaled in respect ol disposals
124.132)
114,500)
138,6321
Al 31 M8rch 2023
72.089
23,028
1,231,100
3,712
1,329,929
Carrylng amount
Al 31 March 2023
471.298
71.646
10.990
866.531
6.517
1.426,982
Al 31 March 2022
SI￿.710
57.763
10.347
833.442
8.244
1,410,506
Thè net carrying value of langible assels includes the Ic41owng in Tespect of assets held under fin8nce
leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £94.242
12022- £89,334) lor the ygar.
2023
2022
Bus and Shopmobility equipment
Motor vehides
31,402
603,867
577,892
635.269
577,892
27

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
13
Flx?d asset Inve*tments
2023
2022
Investrnents in trading siJbsKliarie8
100
100
Mov•m•nts In flx•d •u•t Inv••tm¥nts
Shar••
Cost or vBluatlon
At 31 March 2022
100
At 31 March 2023
100
Carrylng amount
Al 31 March 2023
100
Al 31 March 2022
100
Oelails of the group's subsldiaries at 31 March 2023 are a5 ftAIows'.
N8m• of und•rtsklng
Country of Na￿r• of I￿91n•8&
Incorporatlon
ol rMld•ncy
United
Kingdom
Cla88 of
*h8reholdlng
% Held
Dlrectlndlrnct
WNCT LSmltod
Tradlng
Ordlnary
1(NJ.00
A summary of the 8ub8itliaries perfom8nc8 8nd 8S88ts 18 shown
bolow..
Tr•dlng
2023
Tr4dlng
2022
Income
Expenditure
1.834,775
1,925,696
1,837,959
1.913,929
IDeficit}
190.9211
175,9701
Net liabilities
(154.0101
{63,0891
28

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
14
Flnanclal In$trum•nts
2023
2022
GROUP
Carrylng amount of fln•n¢l•l •s*ots
Debt instruments measured al amortised C￿1
789.748
903,062
Carylng amount of Ilnanclal Ilabllltl•s
Measured 81 amortiS8d cost
599,555
621.795
Charlty
Carrylng amount of fln¥ncl•l auets
Oebl Instruments measured 81 amcrft&8ed cosl
120,566
209.236
C8rrylng amount of flnandol Il•bllltlo•
Measured al am¢)rtlsed cost
476.883
496 897
15 D•btor•
Group
2023
Group
2022
Charlty
2023
Charlty
2022
Amounts falllng due wlthln on•
Trade debtors
Other debtors
Amounts owed by subsidiary underlakSngs
Prepayments and accwed income
176,332
26.056
185.936
36,417
79,754
94.103
824,890
37.339
708.358
26,984
179.978
136,768
382,366
359,121
941,983
829.445
29

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
16
Loans and overdrafts
2023
2022
88nk108ns
112.040
132,697
Payable w*thln one year
PayatrA8 after one year
20.543
91,497
21.104
111.593
Amounts induded at¥)ve whlch 1811 dutr after five yèar5..
Payat4e by Instalments
6,757
The long-lem loans 8r& 88cuffjd by an unllmlted debenlw8 datsd 0410112018 Incorporaling a fixed and floating
charge.
Bank overdrafts in WNCT Ltd are s&cured by an unllmtted debenture dated 2811112019 Inco￿or9￿ng 8 flxed
and floating chafge over the assets of WNCT Ltd and the parent company.
A i¥1 Legal Charge over ComrnerdallResid8ntial Fre0￿)Id kyopety knry•m as Unll 7 & 8 Merchants Close Kings
Lynn PE30 4JX dal8d 0510112019.
The bank loans are a 10 year10on.188t Po￿8nts due 4 January 2028. Intsrest splll a8 follows..
Loan 1- 4.45%
Loan 2- 2.85% above base rate Ivarlabjo loan}
17
Flnanco lfra8• ct)mmltm•nts
Futuro minimum 198sg payments due underfinance leases..
2023
2022
Within one year
Within two and five ye8rs
110,453
100,157
186.141
96,458
210,610
282,599
Finance le88e5 are in regards to hir8 purchases paid in resp8Ct to new buses operatèd by the trading
subsidi8ry. Those 8re lo be le88ed lo the trading 5ub5hdiary under a use of vehide charge.
The finance leases are over a &year period. and are secured against the a$s8ts for V&thlch they were used to
purthase.
30

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
18 Cr•dltors'. amounts f¥lllng duè wlthln one year
Group
2023
Group
2022
Charlty
2023
Charlty
2022
14otes
Bank loans
Obligations under finance lease
Other tsxallon and sodal securrty
Trad8 creditOT5
Amounts owed to subsidiary undertaknngs
Other creditors
Accruals and deferred income
16
17
20.543
110.453
20.673
2￿.106
21.104
186.141
33.449
162.519
20,543
110,453
1,651
104,651
21,104
186,141
15,316
62,379
5.764
76,799
24.094
43,980
49,582
19,222
434.338
471.287
286,880
304,162
19 cred￿Or$. amounts lilllng du• aft•r mor• th•n on• y••r
Grt)UP
2023
Group
2022
Charlty
1023
Charlty
2022
Bank loans
Obligatsons under finance lease
16
17
91,497
1￿,157
111,593
,458
91,497
100,157
111.593
96,458
191,654
208.051
191,654
208.051
20 Provlffjlon• for Ilabllltle•
Group
2023
Group
2022
Charlty
2023
Chorlty
2022
Deferred lax liabilities
34,750
34,750
34.750
34,750
Movements on provisions:
Employ••
Iitlgatlon
provlilon
Additional provisi￿$ in the year
34.750
Provision prowded f(Y expected liability paY￿Lrt in respect lo redundancy and rKfytice entiuements for ong of
the charity's employees. This provlslon has been agreed wth ljoth partie5, legal Tepre5entatives.
31

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
21 Rèstrlcted funds
The income funds of the charlty Indude Testricted funds comprising the follothng unexpended balan¢es of
donations and gfants held on trust for specific puryJo8e#'.
M¢)vwnont In lund¥
Balan¢• at R•BoUr￿l 8•l•nc• at I
In¢omlng
l Aprll 2021
•xp•nd•d
A￿1 2022 R•wurc••
BJl•n¢• at
•xpond•d 31 Mareh 2023
Reslrfcled Funds- inltlal
grant of Sw8fft)am Flyer
SN64 Frx
Norfolk County CounrAI-
grant for flexibus Ileel
vehicl85
Norfolk County C￿nd1 -
grant for Swaffham
vehides
9.799
(1.9601
7,839
11.5681
6.271
51.432
117.142)
34,2
117.1421
17,148
6,512
(2,1721
4.340
12,1721
2.188
67.743
(21.2741
46.469
120,8821
25,587
The grant for the Swaffliam Flytsr was wjlh regards to 4 vehlde funded by Nortolk County Coundl In order lo
provide servlces to and from Swaffl18m lovm cenire.
The grant lor the Flexibus Fleet vehides was apF4ied for in (wder lo help fvnd the purthase of new Flexibus
vahiclos purch8Sod for the wrpose ol Impro¥lng the seryice 8nd inuease route opllons in the Shipijam area.
The grant for the Swafiham Vehid& was in regards to vohides donated by Norfdk County Council. for the
purpose ol provlding the vehides for serwce in the Swaftham area.
22 De•lgnatod And g•n•ral Unr•*trId￿ fund•
The inc(xno lunds of the Ch8rfty Include the following deswJnated and gener81 funds whlch have been sel aside
out of unrestricted funds by th8 truste8$ for sp8cific puwes..
Balan¢• at 1
Aprll 2022
Not In¢¢m• for
th• year
Transf•rs
8alanc• at 31
March 2023
Vehicle rer*w818nd Teplacemenl *Jnd
Gen&r81 unrestricted fund8
150.000
1,540,319
150.000
1,628.372
88.053
1.6¥YJ.319
88.053
1,778,372
32

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
23 Analy$ls of not ass•ts b•tw•en fund#
Unr•strlct6d Restrletod
Group 2023 Group 2023
Total
2023
Total
2022
Fund balances al 31 March 2022
are represenlod by..
Tangible assèts
Current ass8tsllliablliliesl
Long temi liabilities
Provision8
1,434,639
535.388
1191.6541
25,587
1,460,226 1,470,504
535.388
569.085
1191,654} 1208,0511
134,7501
1.778.373
25.587
1,803,960 1.736,788
24 Oporatlng 10aM commltments
Al the reportlng end daio the ¢harlty had oulstsnding commltrnents for fijiurg mlnimum1g0se
payments undef nonrycancellabl8 opgrgtingloases. which fo11 duo as fdlow8.'
2023
2022
Within one year
Betwgen and flv& years
97,221
231,611
328,832
68,860
218,222
287.oe2
25 Rolated party transactlon•
Remuneratlon of key management pernonn
The remuneration of key management pgrsonnol In the gmup Is as follows.
2023
2022
Aggreg8t& oompensatson
165.642
170.338
26 Capltal commltments
At 31 M8Tch 2023 the charity had capitsl commitments as follcv•VS'.
2023
2022
Contracted for bLrt not Provided in the financAal stalements-.
Acquisition of property, plant 8nd equipment
93,800
The capital commitments di5dosed above are in respect to the following..
EVM Dire¢t Limiltsd - balance of 1 new iws- £93.800 (exc VAT).
33

WEST NORFOLK COMMUNITY TRANSPORT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
27 Cash ￿￿Orat*d from 0￿ratIOnS
2023
2022
Surpluslldefidtl for the year
67.172
157.744
Adjustments for..
Investrnenl Income recognis8d in Statement of finan(yal acttmués
Oeprecl8llon of tsnglble fixe(18ssets
Taxat1￿ charged
Flnance costs
1701
90,561
1241
165,760
11,5911
3.576
4.300
Movements In w0￿1ng capital..
Decreosellincreasel in debtors
(Decreaseifincreoso Sn credi
IDgcreaselllncr8ase In prov181on8
IDecr$a$eylncrease In dtferred Ino)me
23.2451
39,300
134.7501
132.652
1282,0671
34,750
120,4041
Cash g•n•r•t•d from op•rnt50
143,268
190.398
28 Analy•l• ol chang•• In net Id•btVfvnd•
At 1 WI 2022
Ca•h flow•
A¢ 31 Mirrh
2023
Cash al bank 8nd In h8nd
681,249
193,8891
587,360
Loans falling due wblhin one year
Loans f811ing duè 8ft8r mor• than one year
Obllgalions under flnance leases
121.1041
1111.5931
1282,S991
561
20,096
71.989
120,5431
191,4971
1210,6101
265.953
11,2431
264,710
34