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 se1vi￿s.
Vislon.. To be the first polnt of contact for acc&ble travel and tran5POrt that will sUPPOrt the enablement of
organisat0￿S and Indiwdua55, v￿rkIng 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 SeNi￿S that the people In the communty need. MCT
strive5 to reduce loneline55, isoladon, and social exdusion by connecting people to pla￿5 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 seN1￿5 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 Ass￿latIon 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 Ne￿Ork.

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 fu￿1raiSIrwj have helped to steer the Charity
through the varled chalenges the organisation has experlenttd. The Fundraising a￿1 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 ServI￿S that supwrt and tenefit Merton's communits'es in tacWing ￿la1
challenges, Isolatlon, k)nellness, food t*Jverty, 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 seNi￿S has pla￿d 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 0￿￿A-R1de se￿i￿S 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
serVI￿S.
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￿, compa￿10n 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 c￿ttraCted staff. We are worklng hard to intJease the
number of volunteers SUpp￿tI￿3 the Charity. This mixture helps us meet the many se￿1￿ 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 c￿rdinatOr, 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 Seryl￿d 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, w￿lon, 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 re￿Ived 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 re￿IVed 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 Se￿1￿5 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), continl￿5 to be C￿ of MCT5 main inccrfne streams.
Our core servI￿s, Affiliated Group and Personallsed Transp)rt Serv1￿ (iyrs) have grown. We have also sgniflcandy
Increased our work wlth LBM through Its commisslonlng onllne pla￿Orni, 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
transpo￿n9 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 NeI￿ork. M￿, as a frontline servi￿ provider, devetops and offer5 5UPFK)rt servi￿5 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
OBjEC￿VEs AND AcfIvTfIES
Training
Mlnibus Drfver Awareness Scheme (MIDAS) arKI Pa55enger Assistan￿ Tralning Stheme have been m￿jemI5ed, 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 req￿ts 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 se￿1￿, 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 re￿iVed 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 eMbra￿d partnershlpi collaboratlon, a￿1 alliance with LBM, Merton c(￿nected, and the wider
voluntary sector. UP enabled many organlsatlons to work t￿jether 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 t￿rn 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 a￿1 isolation to accesslng the varled supporbve ServI￿S 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 excursI￿S 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 s￿la1 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 BOur￿e Back Loan from the
govemmenL We contlnw to grow our stake in the dellvery of SEND worL
is w0￿1ng 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 cOn￿rn. 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 ber￿fft 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 n￿aSure5 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.Moven￿rt and repl0￿ment 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 0￿rational 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 wc*king with the Community Focd Ne￿IC*k (CFN). This vehide 15 also used to
do short-mvlng seThi￿5 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 t￿rn 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 p￿sent 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 Cl￿tract. 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 Ass￿lation, which established the
objectNes and powers of the chaiitsble company and is governed under its Art￿e5 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 adve￿sIng 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 re*lected' 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 tr*Jard
members.
Declsion making
The day-ttrday responslbllrty for the provlslon of the servltts rests wlth the CEO, who wo￿5 together with the
Management team and operational staff.
The CEO, alJThJ with the management team, is res￿nsIble for ensuring that the charlty dellver5 the serv1￿5 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 meMora￿lum 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 n￿rnberS 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 dI￿us510n 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 fIna￿e5. 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 (ErrfjIa￿j 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 HoL￿e
8 Alexandra Ro￿1
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
respc￿51b1e for preparing the Report of the Trustees and the financlal ststements in accordan￿ with appllcable law and
United Klngdom Accounting Standard5 (Unlted Kingdom Generally Ac￿ptsd 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 finar￿la1 statements on the going cOn￿M 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 Irreg￿arItIe5.
In so far as the trustees are aware:
there Is no relevant audit inf0mia￿On 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
Infam￿tIC￿ and to establlsh that the a￿litOrS 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 staten￿nt of Financial POSI￿n, 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 p￿para￿On 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 ap￿ICati(￿ 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 a￿lIt in accordan￿ wtyth Internatlonal Stsndards on Audlting (UK) (1s￿ (UK)) and appllcable law. Our
responsibilitie5 under those standards are further descrit*d in the Auditors, responsibilitles for the a￿lt of financyal
ststements section of our repo￿ We are iThJependent of the charitable c￿1panY in accordan￿ wlth the ethical
requlrements that are relevant to our audit of the finar￿la1 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 Cor￿1￿￿ed 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
cOn￿M 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 Inf0m￿tiOn 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 Ir￿OnSi5te￿Cles 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 repc*t 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 lnfcffl￿t{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 t*en 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 Mate￿al misstatements In the Report of the Trustees.
We have nthing to report in reS￿t ￿ the following matters where tro Companies Act 2006 requlres us to report to y
in our opnion:
adequate accountlry record5 have rKt b*n kept or returns adequats for our audSt have not been re￿iVed 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 p￿parntion of the finanaal statements and
for being &4tisfied that they give a true and fair vtew, and ftjr s￿h internal control as the trustees determlne is ne￿s5ory
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 COn￿M, disdosingi as applicable, matters related to golng concern and using the golng cOn￿M
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 rea￿nable assurance about whether the ftnoncial statements as a wlKJle are free from
material mlsstatement, w￿ther due to fraud or error, and to Issue a Retmyt of the Ir￿ependent Athlitors that Indudes
our oplnlon. Reasonable assurance Is a high level of assurance, but Is not a guarantee that an audlt COnd￿ted in
accordance with ISNS (UK) will always detect a material misststement when it exist& Misstalements can arise from fraud
or error and are C￿sidered material rf, Individually or in the aggregate, they could rea￿nablY 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 n￿TrageMent about thelr own Identificatkjn and asse5ynent of the risk5 of irreguSaritles'
- any matters we identif*d 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 InStan￿S of
non-cc*npliance'
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 fina￿la1
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 fir￿nCial
statements but Complian￿ wlth whith may be fUnda￿nts1 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 matt￿5 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 regulatIc￿S descrlbed as having a direct effect on the fina￿la1 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 r￿ingS 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 ot￿r 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
a￿￿1t.
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.uklaudltorsresp￿51b1lltle5. 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,l￿o)
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 fUr￿S
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 - T￿stee
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 re￿iVed
Interest pald
Increase in debtors
(Decrease)11￿re3se 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
prepa￿d 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
COn￿rn. The trustees have u￿lertsken 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 der￿ed 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 re￿fved 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 perforn￿n
conditTrons attached to the donatlons or grants have been meL it is probable that Income will be received and
the arTh)unt can be measU￿d reliablv.
Income from contracts in respect of servlces prOv￿ed Is recognised when, and to the extent tha¢ performan
occurs and is ￿￿asured at the fair value of the Cons￿eratIon re￿*Vable.
Donated servkes provided by vdunteers have not been induded In these accounts.
Investment income Is included on a re￿1¥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 b￿n 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 serVI￿S
for Its beneficiaries. It Indudes Ixth costs that can te allocated directly to such acilvltles and those costs of an
Indir￿ nature ne￿sSary io support them.
Governance costs
vernance costs indthde those costs aSS￿lated 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 sUp￿rt 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 finar￿la[
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 rec￿nISed at the setttemert amc4Jnt due. p￿paYments 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 Se￿￿e5
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
senA￿S
2023
Total
acdvities
AudIt0￿5 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 t￿￿ee5, 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
S￿la1 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
AM￿jnts 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 De￿mber 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 r￿t 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 Fu￿S 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 prOp￿n of the Chief Exeojtive 0￿￿e¢S salary to enable Merton Community Transport to conunue its
ServI￿S.
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-