REGIsfERED COMPANY NUMBEIL. 03571884 (England and Wales) REGISTERED CHARITY NUMBEIL. 1073312 REPORT OF THE TRusfEES AND FINANCIAL sfATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 FOR MERTON COMMUNrrY TRANSPORT Hardey Fowler LLP statutory Audltors Chartered Accountants 4th Floor Tultion House 27-37 st George's Road Wlmbledon London SW19 4EU
MERTON COMMUNITYTRANSPORT coKrENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Rq>ort of the Trustees I to 9 Report of the Independent Audltors 10 to 12 ststem¢nt of Flnancial Athltleg 13 Slatemnt of financlal Posltlon 14 Statement of Cash Hows 15 Notes to the Statement of Cash Flows 16 Notes to the Financlal Statsments 17 to 26
MERTON COMMUNITY TRANSPORT (REGIsfERED NUMBER: 03571884) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Mlsslon, Aims. Obiectlves and Vision . Misslon: To help people 51ay connected aTKI assist in reduang the impact of 9)ckl exdusion in 5(Kiety due to the lack of suitable and affordable, acce551ble transport solution& Aims: Merton Community Transport (Mcf) aims to provlde relief to the Inhabitarts of the London Borough of Merton and its 5urrour¥Jing districts whj need affordable arKi accessible transwrt because of age, mentsl or physical disability, Sensory impalrmert poverty, loneliness, and social Isolation. Objectives: Our chaiivs purposes, as set out in the objecbves contsined in the companvs meM(anduM of association, are.. To benefit the public by provldlng trar6port relief to the London Borough of Merton resklents and its surrouThdlng districts who have need because of age, mental or physical dlsability, sensory Impaiment, or poverty. To asslst the charitsble work of organi$3tlons and bodie5 that promote the relief of such persons by providing appropriate se1vis. Vislon.. To be the first polnt of contact for acc&ble travel and tran5POrt that will sUPPOrt the enablement of organisat0S and Indiwdua55, vrkIng In collaboration and partnership wlth the London Borough of Merton and the voluntary settor. Helping the people who are marginallsed or have no acce5S to public transport systems. To develop varled tran5PJrt solutions and projects that provide the SeNiS that the people In the communty need. MCT strive5 to reduce loneline55, isoladon, and social exdusion by connecting people to pla5 and organisatlons to ojstomerslcllents whlle providing a caring, comprehensive approach to travel. OBJEcfivES AND AcnvrrIES Ensuring our work delivers our objectlves vislon, and mission: m'S constsnt and focused review of our mlsslon, alms, and vlsion to deliver the obj'ectives and activltles agreed up each y&ir was the catalyst to achieving an improved outcome over the prevlous 12 months. Being resilient during the past year's challenges and dosety watrhlng our key actfvity also contributed. establlshed the provtsion of our standard seN15 to the maln groups of people we are set up to helpi ensurlng we remained focused on our stata purposes. The tharity's trustees strict adhere to the Chadues Act 2011 sectlcn 17(5) to ensure that it Is an Integral part of every acuvity that Is for the public benefit. The charity Is well represented In the Community Transport Market environment thr¢)ugh regular updates and guidan from the Community Transport AsslatIon UK (A). UK-General Data Prrtectlon Regulation, and through regi*ration5 with The Information Commi5sloner's I)ffi (ICO), and the Heet Operation Reccgnltlon Scheme (FORS). The chartty is a member of the London Strategic Community TTrn5FQrt Forum (Lscr), the London Borough of Merton Sustsinable Communities & Tran5POrt Partnership Board, the LorKlon Strategic Forum, Merton Safeguarding Community Champlon, Merton Connected Communlty Engagement Netwo Reps, Merton Communty Response Steerfng Group, and Merton's Response NeOrk.
MERTON COMMUNITY TRANSPORT (REGIsfERED NUMBER: 03571884) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND AcrIvrriES CHARITY FOCUS has been developlng supporting servlces and projecLs, and thls vision has kept thriving and growing during past year. Focusing on strategtc appraisals and critlcal strategic objectives has given the significart challenge of developing our fundraising. The regular task group meetings on ffinan and fu1raiSIrwj have helped to steer the Charity through the varled chalenges the organisation has experlenttd. The Fundraising a1 Development Cojrdinator and Community Development and Training Cojrdlnator have proven benefiaal to the Operational Team. m continues to thamplon community cdlaborative relationships and doser partnershlps, and working hard to adapt to the fundrdising enmronment to secure funding to dellver supportive seFvlces. Funding gained has strengthened our position wlthin the community. Mcfs dose working relab'on5hlp wf(h the London 8orough of Merton and the voluntary sector organisakn.ons continues to assist in developlng various ServIS that supwrt and tenefit Merton's communits'es in tacWing la1 challenges, Isolatlon, k)nellness, food tJverty, and transport. Those WI benefft from our geThlces m.5 services contlnue to benefit the communlty of Merton and surroundlng di5tr1cts by offering varied tron5lX)rt solutions to our affiliated members who find it dlfficull to access mainstream tran5Wrt. We also provlde a dcor-ttrdoor r that takes them to a clinic/hospital 3ppoOntment or GP surgery, and we wlll walt whlle tfv are seen. er the years, m,5 whole customer care approach to providlng community transport seNiS has plad us in gochj 5tandlng to dellver Speclal Education Needs arKJ Dlsability (SEND) tran5POrt provsion, working wlth LBM to delNer transport travel solutions to children arKI young people with SEND, and to Qre Homes Individual re51dents who are affiliated benefit from our seNce5. has been deliverlng 0A-R1de seiS with Transport for London (TfL) under tender for over ten year5. Th15 present tender is delfvered across seven boroughs and ha5 become our leadlng door-ttrdoor servi. We also work cl¢)sety with community organisations, statutory bc*Jies, arKI afflllated schools by supplying accesslble bBnsp)rt serVIS. Working with the Communlty Transport Association UK (CTA UK) On November 23rd, 2023, at the A-UK conference, m received the "Makir¥J a DIfferen, award. The Q)mmunity Transport Awards lebrate dedlcatlon, innovati1, compa10n in the secior. Thls prestiglous event highlights cr athocates, unsung herces, organisathjns, and Individuals who go above aThl beyond to ensure everyone In our communities can access reliable transport services. m benefts from being a member of the A. They promote c(rfnmunlty transport sector excellence through trainingi resources, publicatlons, alfvI, events, consultsncyi and project support on voluntsryi community, and accewble transport. We amplify the collective efforts of ccmmunlty transwrt providers in bullding stronger, more incluthe, and 5UStainable communlttes through transportatlon across the UK.
MERTON COMMUNrrY TRANSPORT (REGIsfERED NUMBER: 03571884) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJEcfivES AND ACllVITIES ACHIEVEMEtir AND PERFORMANCE Charitable Actlvities Structure and Sknbility has an Operation Team comprfslng fulFtime, part-tlme, and cttraCted staff. We are worklng hard to intJease the number of volunteers SUpptI3 the Charity. This mixture helps us meet the many se1 requests from our members. The team slnJctu starts with a strong board of TrusteeslDirectors, Operational staff, Chief Executive Officer, Depot and Operatronal Martager, Depot and Operdtional Assistant Manager, Communlty t)evelopment and Training Coordlnator, Fundraising and Development crdinatOr, Bookkeeper, MIOAS Trainers, Casual Drfvers, and Passenger Assistants (PA). The Charity's volunteers play an important role in en5urlng our ser,$ quallty, includiro admlnlg(rative suppJr¢ drMng, business development, fundraising, and trusteeship. Mcfs registered Offi 15 the Depot at Unit 2a Batsworth Road CR4 3BX. Thls sf(e serves to provlde the operatlonal needs cff the organisation. The vehicle5 are parked at the depot and regularty Seryld to comply wlth legi5ktyve requlrements. Drfvers and PAS must undertake MIDAS training and DlSdosU aThJ Barrlng Serv1 (r) check5. Polldes & Procedures The Charity's polty documents detem)Ine the scope and quallty of our serylces ar#J are being condnualty reviewed and revised as necessary. We are revlewing updating the Memorandum and Artodes of Association to set out a dear Mlsslon, wlon, and Aims, and to align wlth our obJettlve5. Partnershlp Working Mcf strongly advocates for a good wothing relationshlp across all departments withln the London Borough of Merton (LBM). The grznt support reIved each year from the Adult Social Care Fund has been helpful, Induding by asslstlng in obtalnlng fundlng from varlous other funders. The varlous grant fvndings that are reIVed enable Mcf to contlnue to deliver transwt Serv1 to people where public (Y private transport Is not avallable or does not meet the needs of sen11 users with dlsèblllty or general mobllity requlrements. m'S Se15 help to redu sc(ial Isolation and empower people to live a better quallty of life. The deliver Dial, a Rlde Serv1 under the Multiple Occupancy Accessible Transpjrt (MOAT) cijntracts for Transport for London FL), continl5 to be C of MCT5 main inccrfne streams. Our core servIs, Affiliated Group and Personallsed Transp)rt Serv1 (iyrs) have grown. We have also sgniflcandy Increased our work wlth LBM through Its commisslonlng onllne plaOrni, provldlng accessible minlbuses MPVS with drfvers and passenger asslstsnts to deliver SEND contracted worf(. Thls LBM Servi provssion has helped grow and balan Its Sncome. We continue to recelve bookings to provlde minibuses aThJ MPVS to our affiliated organ¢sat¢ons and Indlviduals. The outstanding challenge Is seekSng various opportunitles to work closely with the National Health SeN (NHS). The work we provide for Connect Health has not grown as was previou4y expected. However, we continue transpon9 thelr dknts to GP appolntrnents, providing walting and retum serv1. Networks and Afflllated User Groups The Chadty's 0 attends regular councll and voluntary communty organlsatlons, meetlngs and has representstion on several board5. The 0 continues representing at the Merton Community Response Steerlng Group and the Fwd Poverty Response NeIork. M, as a frontline servi provider, devetops and offer5 5UPFK)rt servi5 to the communib'es as Y work dosely wrth partner5 such as LBM, Merton Connected, voluntary community groupsi and affiliated indivlduals. Minlbus Management and Pooling of Vehicles m rnlnibus management and pwling of vehicles for affillated member organlsatknns who own their vehides are still belng offered. This service consistenuy provtdes 5UPPOrt to group5 who cannot manage their vehides. has worked collaborauvely with community organisations to Use their vehicles to maxlmise resources to reduce costs and to the mutual benefft of both organi5ations. Although this Servi has been reduced, we are still looking to develop it a5 It will help provwje a more modem fleet of vehlcles to the community. The challenges of the Ultra-Low Emi55ion Zone {ULEZ) extension have affected many vehicle operatvjns, and the cost of purchasng new vehldes to update Mcfs fleet has increased greatly. Also, Second-hand market price5 have gone up.
MERTON COMMUNITY TRANSPORT (REGIsfERED NUMBER: 03571884) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 OBjECVEs AND AcfIvTfIES Training Mlnibus Drfver Awareness Scheme (MIDAS) arKI Pa55enger Assistan Tralning Stheme have been mjemI5ed, and the main chaThJe Is that an E-learning module has been introduced. During the year, Mcf reduced the number of Driver Assessor Trainers (DAT). The up-and-coming changes will affeci the delivery of m'S in-house MIDAS staff training and extemal training wfchin hOOlS, colleges, arKI the voluntary secior. The Communlty Trarwrt sector has started uslng the new MIDAS training scheme from the A4JK. We anticipate that these changes may reduce the regular monthly training progr7ms and on-demand reqts for MIDAS trBining we provide. Persijnallsed Transport Servlces (PTS) MCT'S ITS provldes a transport Sery1 to th) within Merton who have problems accesslng mainstream transport due to mobillty Impairment. Is working to grow the uptske of this se1, whlch was greatly affected by the pandemlc. Many sociBlly isolated, vulnerable people were afraid to leave thelr home5. We hope the indlvldual nature of the PTS wi enti Indivlduais to get out and about. We hope to work with the organisation to suppart and encourage redudT¥J self-restrfcted 5(Klal exdusion and Isolatlon. Loneliness and Isolation Project {LIP) Thls project was developed post•andemic wth funding from the cfA-UK. The cfA-UK reiVed fundlng from the Department for Transport (Dm to redu lonellness experienced by mary indlvlduals across the UK. Mcfs LIP funding bid to run a lonellness plhjt projett was cCeSSful and was the only pilot project supported by A-UK In Greater London. Thls project eMbrad partnershlpi collaboratlon, a1 alliance with LBM, Merton c(nected, and the wider voluntary sector. UP enabled many organlsatlons to work tjether to emr)wer thelr members most Impacted by lonellness and isolatlon to retum to attending activities. LIP'S focus was to help people overcome the barrlers that prevented trn from returnlng to society by offerlng accessbte community tran5POrt. 55 to transport enabled them to engage in their chosen artfvltses and meet thelr peers. UP a55istsd them in making the required transitlon from expertencing lonellness a1 isolation to accesslng the varled supporbve ServIS offer that IrKreased thelr soclal contact. Excurslon Club The Excurslon aub has been reviewed and wlll be re*stsbllshed thls summer. m Is worklng on a new offer to encourage members of the club to engage In the new travel deskn'nations that wll be on offer, aTrJ we hope to Increase the membership. We will be able to operate excursIS this summer as we recover from the pandemlc, lockdown, and restrlrtions travel. Thls sery1 is so imp)rtant as it help5 tackle the isolation, loneliness, and sla1 exduslon whlch afflict too many elderly and vulnerdble people.
MERTON COMMUNrrYTRANSPORT (REGISTERED NUMBER: 03571884) REPORT OF THE TRUSfEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Financial position and results for the period The resu are Shown on the Ststement of Flnancial Acbvilies. Incoming re5wrces from charitsble acbvitles in 2024 were £1,167,022 (2023: £768,057), an increase of £398.965, whilst expenditure on charitable octNities was El,036,048 in 2024 (2023: £777,220), an increase of £258,828. However, we are still on tsrget to athieve an improved budget for the coming year. The aim is to mlnimise costs by worklr¥J effectivety and siabillsing our charity's artiviues Income. The CEO works c105ely with the stsff team and receives dear guidance from the Board of Trustees. Constsndy reviewing mccoy financlal position at each board meeting and arranging financlal sub-group meetings when required help for smarter declsion-making. Mcf is maklng monthty payments to reduce the £50,000 BOure Back Loan from the govemmenL We contlnw to grow our stake in the dellvery of SEND worL is w01ng towards reduclng costs where poss6ble and developlr4J a more robust operatlonal pogtion to be fit and able to operate and grow Its core community transport services as we expand SEND delivery and Dlal-A-Ride. We alm to continue to Increase the reseNes, in line wlth mccoy resetves poliry. A detalled analysis of mccoy restricted funds Is shown In rKJte 19 of these financial ststements,. Prlncipal fundlng 50ur¢es These continue to be our maln sources of generayng income. (l) Transport for London Dial-A-Ride (Worklng to increase the provislon) (2) London Borough of Merton (Speclal Educatlon Need5 and Dlsablllty Transport Provlslon) (3) Group and Personal Transport SeNice (4) Grant Income Investment policy and obiectlves Charitable funds must be available for Immedlate use; therefore, should there be any surplu5 funds, these would be held in an Interest-genernting deposit account. Reserves policy and golng concern policy We operte on a reserve policy that ststes that the level of unrethrted funds requlred should equal three months of operatlons to safeguard the oryanisation's core attivities, prclect options for future development, and athieve a level of worklng capital, ensurlng ccrtlnuity as a going cOnrn. The level of unrestrirted funds on 31 Narch 2024 was £280,069 (2023: £154,708), which aligns wlth the three-month operational reserves target. The board of trustees Is worklw wlth the IIO to shore up and strengthen the Mcfs reseNes pollcy position: a) Mcf has been resllient In faclng past challenge5. We are revlewing our present community Servi to achieve full co recovery ar¥J are looking for new opportunrties to expand our current sennces. We are woth'TrJ In line with Mcfs Strateglc Option AppraLsal to grow income. We are particulady interested in expanding Group and Personalised Transport Servlce (FTS) along with other relevant SeN1 for the berfft of our community. b) m will continue to work d05ely wlth LBM and the voluntsry communty seLtor through the Communlty Resporse SteerlThJ Group meetings and the Merton Fojd Resp)nse Network Group c) The trustees have reviewed and agreed various options to ensure that the reserves are replenished and that M remains a going concem. options Include revlewing the sector to decide on viable altemative sources of income. We have improved Mcfs fur•Jraistng achievements by appointing a fundraiser. Principal rfsks and uncertalnties The trutrs conslder and assess the risks to which the charity is potentialty exposed have established systems and procedures to leW and manage those risks. The Finan and Risk sub-committee review and asse&5 all ri5k5 and put in pla sultable and sufficient naSure5 to rnitigate the risk. This Infomiabon is then recorded on the Risk Register and reported to Trustee at quarterly Fxjard meeting5 for discussion and agreemenL The most significdnt speafic risks for which we have actNe mitigation strdtegies in pla are a5 follows: I.Movenrt and repl0ment of lead staff 2.Premises 3.Vehicle replacement
MERTON COMMUNrrYTRANSPORT (REGIsfERED NUMBER: 03571884) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 sniATEGIC REPORT Future plans Sustainability of the Charity The Board continues to review Charity's 0rational costs compared to Its revenue and has planned to ensure that fuLure sustainabilty is maintained. Mcf reviews its costs to ensure they are controlled to break even or increase over the comlng year. We are constanuy reviewing the effect of TfL's expansion and implementstion of ULEZ. Mcf is considering how we can supp)rt the challenges of cleoning up London's alr by removing pclluting vehicle5 finding ways to make all its vehicle5 compllant. DuriThJ the year, Mcf purchased its first electric vehide, a mlni-box Van used to supwrt Merton FcKd Povety Insecurity through wcking with the Community Focd NeICk (CFN). This vehide 15 also used to do short-mvlng seThi5 for voluntary sertor organisatlons. Mcf has two electsic cargo bikes that are used mainly as shuttle for vehide maintenarKe joumeys and for attendlng kncal meetings. m supports the Caryo E-bike and traller food delivery servi by housing and charglng their E-blke. The extended ULEZ has sped up m,5 reducbon of their older Minlbus by the sale or scrapping of old vehicles by replacing trn with new compllant vehlcles. Preml m contlnues to operate Its slte from the Der*X at Unlt 2a Batsffth Road. F(hJJslng on worklr¥J from the depot has allowed us to grow the Communlty TranspTht chorty buslness in Merton. The declslon to expand the Depot Offi and kltchen footprint has allowed m to provide MIDAS classroom trainlng from thls space. There is a need to expand our psent space due to growth in vehlcles and stsff. Charity's Operational Planlstrategy The Board Is working on updatlng the core Se that are well established and have underpinned Mcf over the years of operatlon as the long-temi organisation's operational plan. Preparatlon5 are In to amend operatlon practi for any changes or growth wlthin the Dial-a-Rlde Cltract. We contsnue to strengthen the working relabonship wlth LBM and the delivery of SEND transport as we grow and establlsh great worklng relationships th m'S voluntary sector partners and indlvlduals.
MERTON COMMUNrrY TRANSPORT (REGisfERED NUMBER: 03571884) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 sniucTUR4 GOVERNANIE AND MANAGEMENT Governing document The organi5atyon is a charitsble company limited by guardntee, incorporated on 28th May ig98 and registered as charity on 14th January 1999. The company was estsblIs under a MemorBndum of Asslation, which established the objectNes and powers of the chaiitsble company and is governed under its Arte5 of Associatlon. In the event of the company being wound up, members are required to contrtbuie an amount not exceeding £1 each. Recruiljnent and appointment of new trustees Trustees are recruited by various means, Including advesIng on variou5 Social Minda platforms (Llnked In), our own publication5 and on our web51te. The Board 15 elected in accordarKe with the Artides of A55odation. Trustees serve for temi of one years aThJ may be relected' any Trustee elected as Chair may serve for a maximum of five year5. Appjintment Is by election at the Annual General Meetingi whlch usually takes pla in March each year. Organlsational structure m has a Board of 10 who are responsible for the strategic dlrection and policy of the charity. The current bjard members are from a variety of professional backgrounds. A scheme of delegatlon Is in place among the present trJard members. Declsion making The day-ttrday responslbllrty for the provlslon of the servltts rests wlth the CEO, who wo5 together with the Management team and operational staff. The CEO, alJThJ with the management team, is resnsIble for ensuring that the charlty dellver5 the serv15 speclfled ar¥J that key perfomiance Indlcators are met. The 0 is responsible for delegating SFecific tasks to the operatlonal staff, monitoring their performan, and conducting annual appralsa15. The CEO work5 closely wlth the Board of Trustees and plans strategically for developments and Improvements to servlces. The Board of Trustees meets formally at least four tsmes a year, wlth sub-cornmlttee group5 meeting additionalty as and when necessary to consider Flnance, FundiThJ, Personnel, Policles, and Prccedures. The Management CommSttee seeks to ensure that the needs of the dient group of the tharlty are appropriately reneded through the diversity of the Trustees. Induction and trainlng of new trustees Trustees are Inducted and tralned, and carry out thelr responslbilitie5 guided by advi and supp provlded by The National Council for Voluntary Organlsatsons and The Charity Commisslon. Members of the Board of Trustees are familiar wlth the practical work of the d7arty, havlng been inducted Into the Posltion by member5 crf the Trustee Board and the CEO. Board members are encouraged to visit the charfty's office and are supplled with a copy of the meMoralum and A'cle5 of A55(Kiatson along wlth the latest financlal statements. At each meetingi financlal and operatlonal Snfomiation 15 Supplied together with Suitable explanab'ons. Board members are expected to be aware of the variou5 Charfty Commission publicatoons that can be obtalned to assist them wlth thelr duties as Trustees. Key management remuneratlon The pay of the Chlef Executive is set by the Board. The pay of the remalnlng Senior Management Team, and staff Is viewed annualty, in line with b(th market condidons and afft)rdability for the charity, and a proposal Is submltted to the Board for thelr approval. Related parties Trustees must conduct tharity business solely for the gocé of the Charity and its benefiaaiie5, and dedare any relevart outslde interests. If a [ntial conflict of interest - actual or perceived - were to arise, the relevart Trustee(s) would be recused fmm the de05ion-making process. When management committee nrnberS represent an organisation that uses Mcfs services, all transaciions are undertaken on an arm's length basis on normal contractual terms. Should a conflirt of interest arise during a board meeting, the Member will be excluded from participating in either dIus510n or vob"ng.
MERTON COMMUNrrYTRANSPORT (REGIsfERED NUMBER: 03571884) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuRE. GOVERNANCE AND MANAGEMEKr Risk managemert The Board of Trustees constsntly reviews the major risks to which the charity is exposed in its operations, human resources, and fInae5. Operatlonal risks are mlnimised by imrdementing suitable policies and procedures, which are regularty reviewed. Insurance pjlicies are in P to cover public liabllltyi premises and contentsi professional Indemnity, vehicles, drNers, and volunteers. These are revwed annually by the Board of Trustees. We fully appredate that fundlng from our principal funders, LBM and TfL, Is not secure. We aim to develop stronger, secure, long-term relationships wlth these provlders. It Is ImperBbve that other sources of funding aNI contractual are sought. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03571884 (ErrfjIaj and Wales) Register¢d Charlty number 1073312 Reglstered office Unlt 2a Batswijrth Road, Mrtcham Surrey CR4 3BX Prfnclpal addross Unlt 2a Batsworth Road Mitcham Surrey CR4 3BX Mr R J Makln Chalr Mr O Osayameh Treasurer Mrs C tharles (appointed 1319123) Mrs B Fraser Mr5 F M Hlbbert Mr S Hlckey Mrs R Hcoper Mlss A Ocan Mr M Otite Mr A Savage Company Secretsry Mr F L Dawson Auditors Hartley Fowler LLP ststutory Audltors Chartered Accountants 4th Fl(w)r Tuition House 27-37 St George's Road Wimtledon London SW19 4EU
MERTON COMMUNITY TRANSPORT (REGIsfERED NUMBER: 03571884) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINisfRATIVE DEfAILS Bankers Bardays Bank UK PLC Bardays HoLe 8 Alexandra Ro1 London SW19 7JZ CAF Bank Mited 25 Kings Hill Avenue ngs Hill West Maling Kent ME19 4JQ Chlef Executive Offlcer Mr F L Dawson STATEMENT OF TRusfEES' RESPONSIBILrriES The trustees (who are alx) the dlrectors of Merton Communty Trar6port for the purposes of company law) are respc51b1e for preparing the Report of the Trustees and the financlal ststements in accordan with appllcable law and United Klngdom Accounting Standard5 (Unlted Kingdom Generally Acptsd Accountlng Pracilo). Company law requires the trustee5 to prepare flnancial ststsments for each flnancial year whlch give a true and fair view of the state of affalrs of the charltsble company and of the irKoming resource5 and appllcathjn of resources, Includlng the income and expenditure, of the charftsble compary for that period. In preparlng those financlal statements, the trustees are required to select 5ultable accourtlng polldes and then apply them consistenljvi obserye the methods and prlnclples in the Charity SORP; make judgements and estlmates that are reasonable and prudent; state whether appllcable accountlng standards have been followed, subJect to ary materlal departure5 disclosed and explalned in the financial statements. prepare the finarla1 statements on the going cOnM basls unless It is inappropriate to presume that the charltsble company wlll contlnue in buslness. The trustees are responsible for keepirKJ proper accountlng records whlch disclose with reasonable accuracy at any tlme the flnancial position of the charltable company and to enable them to ensure that the financial statements compty wlth the Companles Act 2006. They are also responsible for safeguarding the assets of the d)antsble company arttd hen for tskir¥J reasonable steps for the preventlon and detection of fraud and other IrregarItIe5. In so far as the trustees are aware: there Is no relevant audit inf0miaOn of whlch the charltable companvs audf(ors are unaware; and the trustees have tsken all steps that they ought to have tsken to make themsefves aware of ary relevant audlt InfamtIC and to establlsh that the alitOrS are aware of that informatlon. AUDITORS The audltors, Hartley Wer LLP, wlll be protQ5ed for re-appointmait at the forthcoming Annual General Meeting. Report of the trustees, IncorporBting a thtegic report approved by order of the board of trustees, as the company dlrectcffs, on 29 January 2025 signed on the board's behaSf by.. Mr O Osayameh - Trustee
REPORT OF THE INDEPENDENf AUDrroRS TO THE MEMBERS OF MERTON COMMUNrrY TRANSPORT Oplnion We have athllted the financial statements of mert Communlty Transwrt (the 'chadtsble Compan for the year ended 31 Marth 2024 whlch comprise the SLitement of Financial Activities, the statennt of Financial POSIn, the Statement Cath Hows and notes to the financial statements, irKluding a summary of significant accounting policies. The financial reporting framework that has been applied in thelr pparaOn is appliG3ble law and United knngdom kcounting standards (United KirKJdom GenerBlly Accepted Accounbng Practi). tn our opinion the financtal statements: give a true and fair vlew of the state of the tharitsble companvs affalrs as at 31 March 2024 and of its Incoming resources and apICati( of resource5, indudlng its income and expenditure, for the year then ended. have been properly prepared In accordan with United Kingdom Generally Accepted Accounting Practi. a have been prepared in accordan wlth requirements of the Companies Act 2006. is for opinion We conducted our alIt in accordan wtyth Internatlonal Stsndards on Audlting (UK) (1s (UK)) and appllcable law. Our responsibilitie5 under those standards are further descritd in the Auditors, responsibilitles for the alt of financyal ststements section of our repo We are iThJependent of the charitable c1panY in accordan wlth the ethical requlrements that are relevant to our audit of the finarla1 statements in the UK, Including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance th these requirements. We believe that the audit eviden we have obtalned is fficIent and approprfate to provlde a basls for our ¢Jplnion. Conclusions relatlng to going concern In auditiffj the financial ststements, we have Cor1ed that the trustees, use of the gcAng concem ba51s of accountlng in the preparation of the financial statements is appropriate. Based on the WO we have performed, we have not identlfled any material uncertslntles relatlng to events or conditions tha¢ Indlvidually or collectively, may cast significant doubt on the charftsble companV5 ablllty to continue as a going cOnM for a perlcd of at least tsyelve months from when the financlal ststements are authorised for Issue. Our responslbllltles arnl the respon5ibilitles of the trustees with respect to golng concem are de5crfbed In the relevant sections of thi5 report. Other informatlon The trustees are reswnslble for the other infomiatlon. The other informatson comprlses the information Induded In the Annual Report, other the flnanaal statements and our Rep)rt of the Independent Auditor5 thereon. Our opinion on the financial statements dces not cover the other Inf0mtiOn and, except to the extent otherwlse explialjy stated In our report, we do not express ary fom of assurantr conduslon thereon. In connection wlth our audit of the financlal statements, our re5pJnslbllity is to read the other infiymation and, in doing so, conlder whether the other infomkltlon 15 materlally incon5i5tent with the financial statements or our knowledge obtalned in the audlt or otherwise appears to be materially misstated. If we Identsfy suth material IrOnSi5teCles or apparent matsrlal misstatements, we are required to determine whether this glves rise to a materlal misstateffEnt in the flnanaal statements themsefve& If, based cm the work we have performed, we condude that there Is a materfal misstatement of this other Information, we are requlred to repct that fa(t. We have nothlng to retM)rt in thls regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course the audit: the lnfcfflt{0n given in the Report of the Trustees for the financlal year for wh¢ch the financlal statements are prepared is consistent wth the finanaal ststements; aTh the Rep)rt of the Trustees has ten wepared in accordan wth applicable legal requlrements. Matters on which we are required to report by exceptlon tn the light of the knowledge and underslanding of the charitable company and Its enwronment tknlned in the course the audit, we have not identified Mateal misstatements In the Report of the Trustees. We have nthing to report in reSt the following matters where tro Companies Act 2006 requlres us to report to y in our opnion: adequate accountlry record5 have rKt bn kept or returns adequats for our audSt have not been reiVed from branches rbjt Visited by us; or the financial statements are nrt in agreement wlth the ac£ounting recNds and returns. certsin disclosure5 of bustees, remuneration specified by law are not made; or we have not received all the informatlon and extAanation5 we require for our audit. -io-
REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF MERTON COMMUNITY TRANSPORT Responslbilbtie5 of trustees As expkined more fulw in the Statement of Trustees. Responsibilities, the trust&s (WI are also the directors of the charitable company for the purposes of company law) are responsible for the pparntion of the finanaal statements and for being &4tisfied that they give a true and fair vtew, and ftjr sh internal control as the trustees determlne is nes5ory to enable the preparation of financial statements that are free from material mi55tatement, whether due to fraud c eThor. tn preparlng the financial statements, the trustees are responsible for assessing the choritsble company's abllity to continue as a going COnM, disdosingi as applicable, matters related to golng concern and using the golng cOnM basis of accounting unless the trustee5 elther intend to Ilquldate the charitable compaTV or to ase operatlons, or have no realistic alternative tyjt to do so. Our responsibilities for the audit of the finanaal statements Our objedves are to obtsin reanable assurance about whether the ftnoncial statements as a wlKJle are free from material mlsstatement, wther due to fraud or error, and to Issue a Retmyt of the Irependent Athlitors that Indudes our oplnlon. Reasonable assurance Is a high level of assurance, but Is not a guarantee that an audlt COndted in accordance with ISNS (UK) will always detect a material misststement when it exist& Misstalements can arise from fraud or error and are Csidered material rf, Individually or in the aggregate, they could reanablY be expected to Influen the ecor#Jmic declslons of users taken on the basis of these finandal statements. The extent to which our prcttdures are capable cl detecbrmj Irregularftles, including fraud 15 detalled below: We Identify ond assess dsks of mater6al mlsststement of the financial statements, whether due to fr7ud or erTor, and then deslgn arKJ perform audlt procedures respJnslve to those rlsks, indudlng obtaining audlt eVIden that Is gjfficiert and approprlate to provide a basls for our oplnlon. In entifyIng aThl assessing risks of materlal misstatement In respect of Irregularf(les, Indudlng fraL#I and non-comp16an with laws and regulations, we considered the fdlowing: - the nature of the industry and sector, control envlronment and the charities activities. - results of our enqulrles of nTrageMent about thelr own Identificatkjn and asse5ynent of the risk5 of irreguSaritles' - any matters we identifd havlng obtsined and revlewed the charitsble company's documentation of thelr policies and procedures. identifylThJ, evaluatlng and complying with laws and regulauons and whether they were aware of any InStanS of non-ccnpliance' detetting and respondlng to the rosks of fraud and whether they have knowledge of ary actual, suspected or alleged the Intemal controls established to mitigate risks of fraud or non-compliance wlth laws and regulalions, and the maiters discussed anKJng the audit engagement team regardlng how and where fraud might occur in the finala1 ststements and any potential indicators of fraud. As a result of these procedures, we considered the optortunitles and Incentives that may exlst wthin the organisation for fraud. In common wlth all audlts we are a150 required to perfomi SFecific procedure5 to respond to the rlsk of managemert overrlde. -li-
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MERTON COMMUNITYTRANSPORT We also obtalned an understanding of the legal and regulatory frdnEwork that the chaiitabEe compary operates in. key laws and regulatlons we considered In this context irKluded the Chaiities Act 2011, UK Companies Att and tsx legisl6lion. tn a(kJitlon we considered provi5iors of other laws aTrJ regulabons that do not have a dlrect effect on the firnCial statements but Complian wlth whith may be fUndants1 to the charftabte company's ability to operate or to avold a material penalty. As a result of perfoming the at)ve, we dld not identify any key matt5 related to the pjtential risk of or non-compliance with laws aThJ regulation& Our procedures to respJThJ to rfsks Idenbfied induded the folhJwlNJ: reviewlng the finandal statement disdosures and testing to supporting documentstion to assw complIan wlth provision of relevant laws and regulatIcS descrlbed as having a direct effect on the finala1 ststements. nquirlng of management concerning actual and wtential libgatlon and daims. -perfoming analytical pr(Kedures to Identify any unusual or unexpected rektionthips that may Indicate rlsks of materlal misstatement due to fraud; -revtewing mlnutes of ringS of those charged wlth governan, reviewlng internal reports, and -In addresslng the risk of fraud through management override of controls, testing the approprlateness of purnal entrfes and otr adjustments, assessing whether the judgements made In maklng accounting estymates are indlcatlve of a potentlal bias and evaluating the buslness rationale fN ary slgnificant transactiors that a unusual or outslde the normal course of buslness. We a150 ccffimunicated relevant Idenufied laws and regulations and potentlal fraud risks to all engagement team member5 and remalned akrt to any indication of fraud or non-complian wfch laws and regulatlons throughout the a1t. A further description of our re5ponslbilities for the audlt of the flnanaal statements Is located on the Flnandal Reportlivj Councll's web51te at w¥Yw.frc.0rg.uklaudltorsresp51b1lltle5. This descrfption fomis part d our Report of the Independent Auditor5. First year audit The wior year5 financyal atements were not audlted, Use of our report Thls report is made solely to the charltable company's members, as a body, In accordance with Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has been undertaken so that we mlght state to the charitable company's members those mattws we are required to State to them In an audltors, report and for no ottrEr purpose. To the fullest extent perrnitted by law, we do not accept or assume re5pon51bllity to anyone other than the charltable company and the chantable company's members as a b¢)dyi for our audit work, for th15 report or for the opinions we have formed. Jonathan As Senior S for and on behalf of Hartl Statutory Audltors Chartered Accwntsnts 4th Floor Tuitlon House 27-37 st George's Road Wlmbled LorKlon SW19 4EU Auditor) wler LLP Date: .......... fjj., I -12-
MERTON COMMUNrrYTRANSPORT srATEMENT OF FINANCIAL AcriirrrIES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNn FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Note5 INCOME AND ENDOWMENTS FROM Charitable activltles Transport 5ervlces 1,057,652 91,155 1,148,807 767,755 Investment Income Other Income 302 17,831 17,831 Totsl 1,075,867 91,155 1,167,022 768,057 EXPENDrruRE ON Charltsble activities Tran5POrt sertes 980,506 55,542 1,036,048 777,220 NEf INCOMEI(EXPENDrruRE) Transfers between funth 95,361 30,0 35,613 (30,lo) 130,974 (9,163) 19 Net movemert in funds 125,361 5,613 130,974 (9,163) RECONCILIATION OF FUNDS Totsl fund5 brought forward 154,708 154,708 163,871 TOTAL FUNDS CARRIED FORWARD 280,069 5,613 285,682 154,708 The notes forn part of these financial statements -1>
MERTON COMMUNITYTRANSPORT (REGISTERED NUMBER: 03571884) srATEMENT OF FINANCIAL posrrIoN 31 MARCH 2024 2024 2023 Notes FIXED ASSErs Tangible assets 13 103,402 64,965 CURREMT ASSErs Debtors Gish at bank and in hand 14 202,216 71,985 84,197 119,592 274,201 203,789 CREDrroRS Amounts falling due wlthln one year 15 (74,421) (86,546) NEf CURRENT ASSErs 199,780 117,243 TOTAL ASSETS LESS CURREpif LIABILMES 303,182 182,208 CREDITORS Amounts falling due after rnre than one year 16 (17,500) (27,500) NEf ASSErs 285,682 154,708 FUNDS Unrestricted funds Restricted fUrS 19 280,069 5,613 154,708 TOTAL FUNDS 285,682 154,708 The flnandal statements were approved by the Board of Trustees ar•J authorised for Issue on 29 January 2025 arml were signed on Its behalf by: Mr O Osayameh . Trustee Mr R J Makln - Tstee The notes form part of the4e finandal statements -i+
MERTON COMMUNITY TRANSPORT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatlng activiti Cash generated from operations Interest paid 16,019 (825) 24,155 (1,073) Net cash kyovided by owatiry aclivibes 15,194 23,082 Cash flows from Imiesting actlvities Purchase of tangible fixed assets Sale of tangible flxed assets Interest received (71,016) 17,831 (74,712) 302 Net cash used In Investlng acdvltles (52,801) (74,410) Cash flows from flnancing a¢tlvltles Loan repayments In year (iO,OLKJ) (10,000) Net Gish used in flnandng advlttes (10,000) (lo,0} Change in cash and cash equivalents In the reportlng period Cash and cash equlvalents atthe beginning of the reportlng period (47,607) (61,328) 119,592 180,920 Cash and cash equivalents at the end of the reporting period 71,985 119,592 The notes form part of these flnancial statemerrts -15-
MERTON COMMUNrrY TRANSPORT NOTESTO THE sfATEMENf OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 1024 RECONCILIATION OF NEf INCOMEI(EXPENDITURE) TO NEf CASH FLOW FROM OPERATING AcnvrriES 2024 2023 Net incomel(expenditure) for the reportlng period (as per the Ststement of Financial Artivities) Adjustmerts for. Depreaatlon charges Profit on disposal of flxed assets Interest reiVed Interest pald Increase in debtors (Decrease)11re3se in ¢dItOrS 130,974 (9,163) 32,579 (17,831) (384) 825 (118,019) (12,125) 16,661 (302) 1,073 (13,715) 29,601 Net cash wovlded by operations 16,019 24,155 ANALYSIS OF CHANGES IN NEf FUNDS At 114123 Cash fl¢)w At 3113124 Net cash Cash at bank and In hand 119,592 (47,607) 71,985 119,592 (47,607) 71,985 Debts falllrtsJ due withln l year Debts falllng due after l year (10,000) (27,500) (10,000) (17,500) 10,000 (37,500) 10,000 (27,500) Totsl 82,092 (37,607) 44,485 The notes form part of these financial ststements -16-
MERTON COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION The charitsble company is incorporated and domiciled in the United ngdOM. The athlress of its registered offi is Unlt 2a Batsworth Road, Mitcham, Surrey, CR4 3BX. The reglstered number of the company is 03571884. The registered numkr of the charty Is 1073312. ACCOUNTING POUCIES Basis of Preparing the financlal ststements The finanoal statements [ the charitable companyi [ch Is a publ benefit entity under FRS 102, have been prepad in accordan wlth the Charities SORP (FRS 102) 'Accounting and RepoFting by Charities: Ststsment of Recommended Practice applicable to charibes preparing their accounts in accordan with the Finanoal Reporting starKlard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Repjrting Stsndard 102 The Fironaal Reporting Standard applicable in the UK and Republic of Ireland, and the Companies ALt 2006. The finandal ststements have been prepared under the historical cost convenlion. a) PreparaUon of the accounts on a going concem basls The trustees cor&der that there are no materlal uncertalntles about the chariV5 abllity to conunue as a going COnrn. The trustees have ulertsken a review of going concern and have put in pla a Set of guldelines, as sel out In the reswves pcllcy sectson of the Trustees Report, to mltigate any further reduthon in the reserves of the charity. The truthes have agreed various options to replenlsh the reserve5 so as io ensure that the charity Is going corKern, tr options are noted In the Flnandal Revlew settlon of the Trustees ReEX)rt. b) Slgnificant Judgements and estimates Preparatron of the financlal statements requlres management to make slgnlficant Judgements and estimates. The ems in the finèncial ststements where these judgemerts and estimates have been made indude: (i) Tanglbte flxed assets. Plant and machinery and motor vehlcles are depreckted over the useful lives taking into account re4dual values, where appropriate. (li) Allocatlon of costs. The allocatlon of support and govemance costs between charitsble arml expendltyre categories. Income Tumover is the anYJunt dered from the provlslon of gcM)dslservlces, and stated after traye discounts, other sak5 tsxes and net of VAT. AJI income is recognised in the Ststement of Financlal Activltles On the dwrity has entitlement to the funds, It Is probable that the Income will be refved and the anM)unt can be measured reliabty. Income from donatlons or grznts is reccwjnised when the chanty has ents'uement to the funds, any perfornn conditTrons attached to the donatlons or grants have been meL it is probable that Income will be received and the arTh)unt can be measUd reliablv. Income from contracts in respect of servlces prOved Is recognised when, and to the extent tha¢ performan occurs and is asured at the fair value of the ConseratIon re*Vable. Donated servkes provided by vdunteers have not been induded In these accounts. Investment income Is included on a re1¥able basls. Expenditure Liabllltles are COgnised as expenditure as soon as there is a legal or constructive ob5igakn.on committing the charity to that expenditure, it bs probable that a transfer of ecoThJmic benefits will be required in settlement and the arTr)unt of the obllgation can be measured reliab. Expenditure is accounted for on an accruals ba515 ar has been dassified under headings that aggregate all cost related to the category, Where costs cannot be direcuy attributed to particular headings they have bn allocated to activlties on a basls consistent with tr use of resources. -17-
MERTON COMMUNrrYTRANSPORT NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Charitable activities aritsble expenditure c(Mnprises those costs incurred by the charlty in the deltvery of its actDAUes and serVIS for Its beneficiaries. It Indudes Ixth costs that can te allocated directly to such acilvltles and those costs of an Indir nature nesSary io support them. Governance costs vernance costs indthde those costs aSSlated wf(h n*etlng the constitutional and statutory requltEments of the charity and indude the IrKlependent examinerfs fee. Allocatlon and apportionment of costs As the charity has onty one actwity, that of 5upplylng acce551bte transwrt to the Communlty, costs of charitsble attivlUes comprlslng the co& of runnlng the organlsatlon IndudirvJ sUprt Costs are charged to the totsl acbvity. Tanglble flxed assets Depreaatlon Is provided at the followlng annual rates In order to wrfte off each asset t)ver Its estlmated useful Improvements to proFEty orr1 equlpment Motor vehides IOD/o on st 330/a Cost 25010 on cost Tanglble fixed assets are stated at cost or valuauon less depredatlon. Flxed assets c05tlng more than £500 are capltallsed. Taxatlon As a registered charfty, the organisation Is exempt from Income and corporauon tsx to the extent that its Income and galns are appllcable to charitable purposes. Fund accounting Unre5tr1cted general funds can be used in accordan wlth the charitable objethves at the dlscretion of the trustees. Restricted funds can onty be used for particular rthcted purposes wlthln the objects of the charity. Restrlctions se when speafied by the donor or when funds are raised for particdar restsicted purposes. Local Authority grants are treated as restrftted fijnds with ary unspent balance carrled forward untll the terms of the grant have been fulfilled. Further explanatlon of the nature and purpose of eath fundts induded In the notes to the f4Thinaal statements. Hlre purchase and leaslng commitments RenLils paid under operating lease5 are charged to the Ststement of Finandal kuvities on a straight Ilne basls over the perlod of the lease. Penslon costs and other posbretlrement beneffts The charitable company operates a defined contribution pension scheme. Q)ntributiMs payable to the charitable company's pension scheme are charged to the Statement of Flnancial Actfvlties in the period to which they relate. Ba51c flnancial Instrurnents The charity only has finandal Instruments of a kind that quallfy as basic financial instruments. Basic finarla[ Instruments are Inltsally recognised at transartion value and subsequentSy measur8J at settlement value. Cash at bank and in hand Cash at bank Indudes bank deposit accounts and short term highly liquid investments with a short maturity of three month5 or le55 from the date of acquisiticfft or OFenlng of the deposlt or similar accounL Debtors Trade and other debtors are recnISed at the setttemert amc4Jnt due. ppaYments are recognised at the invoiced c05t prepald. -18-
MERTON COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Creditors Creditors are rec(*Jnised when the charlty has a present obligatlon resulting from a past event that will probab result in the transfer of funds to a third paty and the amount d to settle the obligation can be measured or estlmated reliabty. CredltcKs are nomtslly recognised at settlemert amounL Impairment Assets not measured at fair value are revIe%d for any Indication that asset may be impalred at each balan sheet date. If such Indicatlon exists, the recoverable amount of the asset, or the asseV5 cash generaong unit, Is estlmated and ccrfnpared to the carrying amounL Where the carrylng amount exceed5 Its recoverable amount, an Impairment 1055 Is recognised In profit or 1055 unless the asset Is carried at a revalued amount where the Impalrment105s Is a revaluaticm decrease. INVESTMENT INCOME 2024 2023 Depo41 account Interest 302 INCOME FROM CHARrrABLE ACTivrriES 2024 2023 Activlty Inccvne for the use of buse5 Transport servi Grants Transport servlces 1,057,652 91,155 732,755 35,000 1,148,807 767,755 Grants recelved, Included in the above, are as follows: 2024 2023 London Bcwough of Merton - Adult Social Fund Grart The Edward Gosllng Fund Grant West Indian Families and Friends Grant Merton Glvlng Grant Lwdon Borough of Merton - Qvlc Pride Fund Grant Lon(bn Communlty Foundatlon- Happy Shower Grant 35,01]0 10,000 10,000 10,000 14,655 11,500 35,000 91,155 35,000 -19-
MERTON COMMUNrrYTRANSPORT NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 CHARrrABLE ACTivrrIES cosrs Dirert Costs (see note 6) Supp)rt costs (see note 7) Totals Trènsport seN 741,965 294,083 1,036,Q48 DIREcf COSTS OF CHARrrABLE ACTivrrIES 2024 2023 Staff costs Vehide runnlng costs Depredatlon 454,308 255,078 32,519 324,578 178,807 16,661 741,965 520,046 SUPPORT cosrs Governan costs Management Finan Totsls Trarsport See5 270,668 825 22,590 294,083 Support Costs, Induded in the atmwe, a as foll Management 2024 TtBnsport sermces 2023 Total actlvities Wages S(Klal securty Pensions Other operatlng lease5 Rates ar water Insurance Llght and heat Telephone Postage aTrJ **ionery Sundries Repalrs and renewals Trainlng Stsff expense5 Travel and subsistence Equipment Q)mputer expenses subscripti Legal and professional fees Bank charges 162,420 16,221 ii,sio 25,031 237 3,422 5,882 3,272 10,530 593 4,136 1,764 5,886 2,228 2,569 5,000 2,362 7,227 378 135,537 15,329 7,266 27,443 (520) 2,963 5,499 2,620 7,229 4,766 3,714 1,708 5,479 4,742 3,373 1,254 6,822 336 270,668 239,806 -20-
MERTON COMMUNrrYTRANSPORT NOTES TO THE FINANCIAL STATEMEKfs - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT cosrs- continued Finance 2024 TrBnsport ser)Aces 2023 Total activities Bank loan interest 825 1,073 Governance costs 2024 Trnnsport senAS 2023 Total acdvities AudIt05 remuneration Auditors, remunerauon for non audit work Accountsncy and legal fees Independent Examinees fees 6,0 2,040 14,550 13,595 2,700 22,590 16,295 NEf INCOMEI(EXPENDrruRE) Net inCTh(eXpend1tUre) 15 Stated after charglng/(credlUng): 2024 2023 Depreciatlon - owned assets other operatlng leases Surplus on di¥osal of flxed assets 32,579 25,031 (17,831) 16,661 27,443 AUDITORS REMUNERATION 2024 2023 Fees payable to the charlvs audltors and their as50ciate5 for the audlt of the charlty's flnancial statements Audltor5' remuneration for non audlt work 6,CKIO 2,040 io. TRusfEES' REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 March 2024 for the year ended 31 March 2023. Trusteu, expenses There were no tee5, expenses pakl for the year ended 31 March 2024 nor for the year ended 31 Marth 2023. -21-
MERTON COMMUNITYTRANSPORT NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ii. srAFF cosrs 2024 2023 Wages and salarfes Sc(lal security costs other penslon costs 591,460 38,194 14,805 447,221 24,773 10,716 644,459 482,710 The average monthly number of employees durfng the year was as fdlows: 2024 31 2023 25 Drivers and asslsiants Management aTrJ admlnlstration 36 30 No empkJyee5 received envjluments In exce55 of £60,(KIO. The key management personnel compensation during the year was £110,091 (2023: £90,090). IZ COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcfIvITIES Unrestritted fund Restritted funds Totsl funds INCOME AND ENDOWMENfs FROM Charltable activities Transport servlces 767,755 767,755 Investment Income 302 302 Totsl 768,057 768,057 EXPENDrruRE ON Charitable activitles Transwt serthes 777,220 777,220 NEf INCOMEI(EXPENDTTURe) {9,163) (9,163) RECONaLIATION OF FUNDS Total funds brought forward 163,871 163,871 TOTAL FUNDS CARIUED FORWARD 154,708 154,708 -22-
MERTON COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMEKfs - continued FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSErs Improvements to property Office equipment Motor vehicles Totals cosr At l Aprll 2023 AddilJon5 Disposals 7,233 23,801 916 429,141 70,100 (99,031) 460,175 71,016 (99,031) At 31 March 2024 7,233 24,717 400,210 432,160 DEPRECIATION At l April 2023 Charge for year Ellminated on disposal 2,892 723 19,469 2,393 372,849 29,463 (99,031) 395,210 32,579 (99,031) At 31 March 2024 3,615 21,862 303,281 328,758 NEf BOOK VALUE At 31 March 2024 3,618 2,855 96,929 103,402 At 31 March 2023 4,341 4,332 56,292 64,965 I DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors other debtors VAT Prepayments ar accrued income 167,218 3,fKIO 6,668 25,330 77,788 4,656 1,753 202,216 84,197 15. CREDrroRS: Amoupifs FALLING DUE wrrHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 17) Trade creditors Sla1 securty other taxe5 VAT Other credltors Accruals ar deferred Income io,o¢yJ 37,781 11,477 io,ocrfJ 41,636 6,251 5,675 1,780 21,204 3,523 11,640 74,421 86,546 -2>
MERTON COMMUNrrY TrANSPORT NOTES TO THE FINANCIAL sfATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. CREDrroRS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 17) 17,500 27,5(K) 17. LOANS An analysis of the maturity of loans is glven below.. 2024 2023 AMjnts falllng due withln one year cffi denNind: Bank loans 10,0 10,000 Amounts falling bebveen one and t¥vo years,. Bank loans- 1-2 years iO,(K)O 10,000 Amounts falllng due between two and fve years., Bank loar6- 2-5 years 7,500 17,5¢)0 Bardays Bounce Back Loan In Dember 2020 company arranged a S year Barclays BwrKe Back Loan with Barclays Bank UK PIC. Interest on the103n is tharged at 2.5¥0. The loan Is to be repaid in In5talments over 6 years and Is unsecured. ANALYSIS OF NET ASSEfs BEfwEEN FUNDS 2024 Total funds 2023 Total funds UnrestriLted fund Restricted funds Flxed assets Current assets Current liabilitie5 Long tem Ilablllties 103,402 268,588 (74,421) (17,500) 103,402 274,201 (74,421) (17,500) 64,965 203,789 (86,546) (27,500) 5,613 280,069 5,613 285,682 154,708 MOVEMENT IN FUNDS Net movement in fijnds Transfers between funds At 3113124 At 114123 Unrestrlcted funds General fund 154,708 95,361 30,000 280,069 Restrlcted fund5 The Edward Goslirmj FuTrJ The London Communlty Foundatlon - Happy Shopper West Indian Famllies and Friends Fund merton Giving Fund 10,000 (10,000) 5,613 10,000 io,ocK) 5,613 (10,000) (10,000) 35,613 (30,0(KI) 5,613 TOTAL FUNDS 154,708 130,974 285,682 -24-
MERTON COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL sfATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMErir IN FUNDS- continued Net movement in fuThJs, induded in the above are as folkJWS'. Incoming resources Resources expended Movement in funds Unrestrithd funds General fur 1,075,867 (980,506) 95J61 Regtricted funds The Edward G051ing Fund London Borough of Merton - Adult Social Care (ASC) Fund London Borough of Merton - (Ivlc Prhde Fund The London Communlty Foundation - Happy Shopper West Indian Families and Frlends Fund Merton Gfvlng Fund 10,000 10,000 35,000 (35,0fy)) 14,655 (14,655) 11,500 10,000 iO,OC4) (5,887) 5,613 10,000 10,000 91,155 (55,542) 35,613 TOTAL FUNDS 1,167,022 (1,036,048) 130,974 Comparatives for movement in funds Net movement in funds At 3113123 At 114122 Unrestricted funds General fund 163,871 (9,163) 154,708 TOTAL FUNDS 163,871 (9,163) 154,708 Comparative rt movement in funds, Inclu¢*d in the above are as follows: Incomlng resour Resources expended Movement in funds Unrestrirted funds General fund 768,057 (777,220) {9,163) TOTAL FUNDS 768,057 (777,220) (9,163) The purpose of the Restrfcted FuS are as follows: London Borough ol Merton Civic Prlde Fund Funding for supportlng the Voluntary and Community Sector 2023-2026. Thls funding 15 used to 5UPtKIrt the Excur51on aub. London Borough of Merton Adult Social Care (ASC) Fund -25-
MERTON COMMUNITYTRANSPORT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- contlnued Funding a prOpn of the Chief Exeojtive 0e¢S salary to enable Merton Community Transport to conunue its ServIS. The Edward Gosllng Fund Capitsl contribuUon for the acquis of a new vehicle. West Indlan Famllles and Frlends (WIFFA) Fund Capitsl contributoon for the acqui&tion of a new vehith. Merton Giving Food In Security Fund Capital contrébutlon for the acquisotlon of a new vehide. London Communlty Foundatlon Fund Funding to suppjrt the Happy Shoppers Project. Transfers between fundg Where restrfrted capltsl grants have been provided for the acquisitlon of vehlcles the grant has been recognised as restrfcted income. When the vehlcle has been purchased by the charlty the re&rictth has been released and the fund5 transyerred Into general fund& 20. RELATED PAi¥fY DISCL05URES There were no related party transactions for the year ended 31 March 2024. 21. COMPANY LIMrrED BY GUARAiifEE The charity Is limited by guarantee and has no share capltsl. The Ilability of each member Is determlned by the Artldes of the chaiity and shall not exceed £1. -26-