2023-03-31-accounts

Statutory Financial Statements for the year ended 31stMarch 2023	Statutory Financial Statements for the year ended 31stMarch 2023	Statutory Financial Statements for the year ended 31stMarch 2023	Statutory Financial Statements for the year ended 31stMarch 2023	Page
Directors'	and Trustees' Annual	Report		1-2
Statement	of Financial Activities
				4-5
Balance	Sheet
Notes to	the Financial Statements			6-8
Independent Examiner's Report
Information for Management		Purposes
Detailed	Income and Expenditure		Account	10

			2023	2023	2023	2022
		Notes	Restricted	Unrestricted	Total	Total
			Funds	Funds
Incoming Resources		1.2
Fares and Hire				15,431	15,431	15,914
Grants from Central and Local Government Voluntary Donations Received Investment and other Income				16588 3,191 285	16588 3,191 285	18,066 3,837 113
Total Incoming Resources				35,495	35,495	37,930
Resources Expended
Direct Charitable Expenditure Support Costs Governance Costs Depreciation		1.4 1.5 1.3		15,185 20,924 1,617 149	15,185 20,924 1,617 149	18,146 17,487 1,220 (529)
Total Resources Expended				37,875	37,875	36,324
Net Surplus/(Deficit)	for the Year	8		(2,380)	(2,380)	1,606

	Notes		2023		2022
Tangible Fixed Assets Motor Vehicles Furniture and Equipment			3 654		3 437
			657		440
Net Current Assets Debtors Cash at Bank and in Hand		6,523 38,550		6,180 41,919
		45,073		48,099
Less: Creditors		(4,186)		(4,615)
			40,887		43,484
			f,41,544		f43,924
Financed by:
Share Capital
Reserves Unrestricted Restricted			15,311 26,233		17,691 26,233
			%,41,544		f43,924

3.	Tangible Fixed Assets		Total	Motor Vehicles	Office Equipment
	Cost At 1 April 2022 Add: Additions in year		81,200 366	80,521	679 366
	At 31March 2023		81,566	80,521	1,045
	At 1 April 2022 Add: Charge for the year		80,760 149	80,518	242 149
	At 31"March 2023		80,909	80,518	391
	Net BookValue at 31stMarch 2023		657		654
	Net Book Value at 31stMarch 2022		440		437
4.	Debtors			2023	2022
	Grants receivable			3,078	3,398
	Other Debtors			3,445	2,782
				6,523	6,180
5.	Creditors: Amounts	falling due in one	year	2023	2022
	Other Creditors			4,186	4,615
6.	Capital Commitments

Reserves				2023	2022
(a) Unrestricted:
Balance brought	forward at 1 April	2022		17,691	16,085
Net Surplus/(Deficit) for the year				(2,380)	1,606
Balance carried	forward at 31March 2023			15,311	17,691
Note: These reserves represent the		accumulated	surpluses,	less deficits,	relating to the
Company's day	to day operations	after charging	depreciation.
(b) Restricted:
Balance brought	forward at 1"April 2022			26,233	26,233
Balance carried	forward at 31"March 2023			26,233	26,233

Income and Ex enditure Acc	ou	nt for the	ear en	ded 31stM	arch 2023
				Actual	B~ud et	Variance	2021/22
						Positive/	Actual
						(Negative)
Operating Income: Fares (Concession Fares: Hires		f14,046)	14,606 825	15,431	15,500	(69)	14,984 930
Grant from E.Sx.C.C.			15,788				16,743
Bus Service Operators Donations	Grant		800	16,588 3,191	17,000 3,500	(412) (309)	1,323 3,837
Other Income				285		285	113
				35,495	36,000	(505)	37.930
Operating Expenses: Fuel				5,118	5,250	132	4,948
Repairs and Servicing Licensing and Insurance Drivers' Expenses				5,755 4,106 156	5,750 4,150 200	(5) 44 44	10,028 4,005 15
Drivers' Training Other Operating Expenses				50	50		50
				15,185	15,400	215	18,146
Gross Operating Surplus				207310	20,600	(290)	19,784
Administration Expenses:
Fees and Expenses Rent				15,924 1,920	16,000 1,920	76	13,160 1,895
Insurance - General				576	600	24	538
Computer costs and Stationery				897	1,000	103	827
Telephone and Postage				882	900	18	754
Professional fees				1,617	1,800	183	1,220
Advertising			280				260
Miscellaneous expenses			445	725	725		53
				22,541	22,945	404	18,707
Net Operating Surplus/(Deficit) depreciation		before		(2,231)	(27345)	114	1,077
Less: Vehicle and Equipment	Depreciation			(149)		(149)	(95)
Add: Surplus on disposal ofMotor Vehicle							624
Net Surplus/(Deficit) for the year				K(27380)	R(27345)	K(35)	EI,606