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





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||||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<br>Government<br>Voluntary<br>Donations Received<br>Investment<br>and other Income||||16588<br>3,191<br>285|16588<br>3,191<br>285|18,066<br>3,837<br>113|
|Total Incoming Resources||||35,495|35,495|37,930|
|Resources Expended|||||||
|Direct Charitable<br>Expenditure<br>Support Costs<br>Governance<br>Costs<br>Depreciation||1.4<br>1.5<br>1.3||15,185<br>20,924<br>1,617<br>149|15,185<br>20,924<br>1,617<br>149|18,146<br>17,487<br>1,220<br>(529)|
|Total Resources Expended||||37,875|37,875|36,324|
|Net Surplus/(Deficit)|for the Year|8||(2,380)|(2,380)|1,606|





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||Notes||2023||2022|
|---|---|---|---|---|---|
|Tangible Fixed Assets<br>Motor Vehicles<br>Furniture<br>and Equipment|||3<br>654||3<br>437|
||||657||440|
|Net Current Assets<br>Debtors<br>Cash at Bank and in Hand||6,523<br>38,550||6,180<br>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<br>Unrestricted<br>Restricted|||15,311<br>26,233||17,691<br>26,233|
||||%,41,544||f43,924|





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|3.|Tangible Fixed Assets||Total|Motor<br>Vehicles|Office<br>Equipment|
|---|---|---|---|---|---|
||Cost<br>At 1 April 2022<br>Add: Additions<br>in year||81,200<br>366|80,521|679<br>366|
||At 31March 2023||81,566|80,521|1,045|
||At 1 April 2022<br>Add: Charge for the year||80,760<br>149|80,518|242<br>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|||||





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|Reserves||||2023|2022|
|---|---|---|---|---|---|
|(a) Unrestricted:||||||
|Balance brought|forward at 1 April|2022||17,691|16,085|
|Net Surplus/(Deficit)<br>for the year||||(2,380)|1,606|
|Balance carried|forward at 31March 2023|||15,311|17,691|
|Note: These reserves represent<br>the||accumulated|surpluses,|less deficits,|relating to the|
|Company's<br>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|



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|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<br>Income:<br>Fares (Concession Fares: <br>Hires||f14,046)|14,606<br>825|15,431|15,500|(69)|14,984<br>930|
|Grant from E.Sx.C.C.|||15,788||||16,743|
|Bus Service Operators<br>Donations|Grant||800|16,588<br>3,191|17,000<br>3,500|(412)<br>(309)|1,323<br>3,837|
|Other Income||||285||285|113|
|||||35,495|36,000|(505)|37.930|
|Operating<br>Expenses:<br>Fuel||||5,118|5,250|132|4,948|
|Repairs and Servicing<br>Licensing and Insurance<br>Drivers' Expenses||||5,755<br>4,106<br>156|5,750<br>4,150<br>200|(5)<br>44<br>44|10,028<br>4,005<br>15|
|Drivers'<br>Training<br>Other Operating<br>Expenses||||50|50||50|
|||||15,185|15,400|215|18,146|
|Gross Operating<br>Surplus||||207310|20,600|(290)|19,784|
|Administration<br>Expenses:||||||||
|Fees and Expenses<br>Rent||||15,924<br>1,920|16,000<br>1,920|76|13,160<br>1,895|
|Insurance - General||||576|600|24|538|
|Computer<br>costs and Stationery||||897|1,000|103|827|
|Telephone<br>and Postage||||882|900|18|754|
|Professional<br>fees||||1,617|1,800|183|1,220|
|Advertising|||280||||260|
|Miscellaneous<br>expenses|||445|725|725||53|
|||||22,541|22,945|404|18,707|
|Net Operating<br>Surplus/(Deficit)<br>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)<br>for the year||||K(27380)|R(27345)|K(35)|EI,606|