REGISTERED COMPAI¥Y NUMBER: 03745415 {Englad and Wales) REGISTERED CHARITY NUMBER: 1076007 REPORT OF THE TRuEEs AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3] MARCH 2021 FOR CASTLE POINT SOCIAL CAR SCHEME LIMITED ESW Chartered A¢untants 162-164 High Stre Rayleigh Uniled Kingdom SS6 7BS
CAsfLE POINT SOCIAL CAR SCHEME LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 21121 Pze Report of the Trustees I to 6 IDdepeDd¢nt Ex4mln¢r's Report Ststement of FlnaTr¢lal Ac¢lvld Blnee Sheet 9 to 10 Notes to tkne Flnanclal Sts¢ements 11 to 16 Detlled S¢#¢¢men¢ of Fln•th¢l•l A¢tlvltks 17 to 18
CAsfLE poINr SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEKS FOR THE YEAR ENDED 31 MARCH 2021 The trust¢e5 who ar¢ a150 directOTS of the charlty for the purEK)sts of the Companies Act 2006. present their report with the fiDaDcial statements of the charity for the year ended 31sl March 2021. The truste¢s have adoptcd the provisions of Accounting and Reporting by Chariiies.. Stst¢m¢nt of R¢¢ornrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ire]and (FRS 102) (¢ffe¢tive l January 2019). This is the 22nd report of the directors. a wmpony litttited by guardntre and incorporated under th¢ C¢)mpanie5 Aa 1985 as a priC company on 1st April 1999. The company 15 also a regisred eljtirity number lo767. ORJECTtVES AND ACTIVITIES Objectives 8Dd aim5 The Company's fundamentsl objective 15 to provide a sttft. secure and accessible Community Tran5POrt Service to the residents of Castle Point who for age or health related reasons are unabl¢ to o¢¢ess public transport. Prior to April 2011 the Cornpany was being fmanced under a Funding Agreement b¢tsveert the Company. Essex County Council (ECC) and Castle Point Borough Council (CPBCI. This Agreement expired on 31st Mah 2011 and was not renewed by ECC and CPBC. In August 2011 the Company was fortunate enough to be #warded a five year fimding graTJt of up to £359,518 by The Big Lottery Fund IBLF) and, in 2016. a further five year grant totalling £348.334 of which £64.615 award¢d in the current financial year. Additional funding in the fom) of subscription fees, doDa¢ions f¢¢s for the use of Company v¢hicle5 by clubs and otheTS constitute5 an important r¢v¢nue source. The service is provided..- (a) through the provision of CoTnmunity transpffi using 3 Company owned Jnitii-buses. usin8 appropriatrly qualifi•J employed and voluniecr drivers. (bl the 3 Cornpany owned mobility vehicles. using appropriately qualified employed and volun¢¢¢r drivers. (c) by 27 volunteer drivern using their vehicles ( the da¢¢ of this Report). Slgnificant 4rtlvltks The principal ti¥lty of the compony was the provision of a eommunity transport servi¢e for those residents of clIe Point Borough Council who are unable io access conventional publi¢ ts¥nsport because of impaÉrni¢n( age or lack of available public trunswjrf services. Starfand Volynteer5 The directors would like io fornially record their thanks to all those voluntttts who eontinue to forego their free time for the ben¢fjt of the organisation. Without their supporr there would be no social car or community Iranswirt schemes thcir dedication, 0up1 with th¢ care and understanding shown to clienty 15 much apprltrd by all concell. The directors would also like to express their sincere thanks to those Institutio and individua]s who have supported the companys funitraising acliviii¢s over the past year and who have kindty donated our cause. The rnanagelnenl team consists of manager Jacqui Middl¢ditrh who, with assistant mana8cr Samantha mah, primarily cover the Transport side of the business. Lisa T¥4ylor manages the Car Scherne Bkll Office. We have a full-iim¢ driver, Adam Ball, to cover longer distwKe journeys using one of the mobility vehicles. Peter Andrews and Alan Mutton provide the TnaiD force for the minibu5 operntions, we have a r1 of 6 suitabty qualifi¢d volunteer driveT5 w¢ ¢an e OD an ad-hoc basis for either minibuses or obility cars. P¢ter and Adaln are contrad¢d foT 34 hours w week ovcr 4 days and Alan Mutton is contrackd on a'zero hours. b&4is. Page I
CASTLE POINT SOCIAL CAR SCHEME LIMED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021 ACHIEVEMENT AND PERFORMANCE Car Scheme During the year ut]der review the volunteer car 5chem¢ and mobilty drivers completed 5.866 jOUTneys (2020.. 14,292) canying 6.597 clients (2020: 17,094) a totsl of 38,360 miles. The car scheme membership slightly d¢tase0 over the year to 963, entirely because of th¢ pandemic. The Scheme's gro%*th has been stslled in this P¢Tiod due to Government restrictions. Sin¢¢ fiding from the BLF COTr]rnen¢ed. car scheme client Dumlxrs have risen fr(¥m 533 to a previous peak of 1,022 before reduc18 to 963 at 31sl March 2021, however this figure still give5 an overall inCree of 489 or 8 IV• over the 9.5 y¢ar5 of funding. All journeys d¢tail¢d al)ove were carried in strirt 1her to the various Government guid¢lines in force at the titD¢. i.¢. medical or other "essentia]" needs. Social journeys were only undertthn during the brief relaxation of restrictions in S¢pteTnberlOciober 2020. Of the journeys 5.866 above 2,312 (40%) were undertaken in the mobility v¢hicles. Communlty Transport S¢hern¢ During ihe year under review there were 10 journeys (2020.. 1.130) (1 social minibus trips W¢T¢ widenaken during the 3 week lifting of restrictions in Septemb¢rlO¢tober 2020) carrying 60 clients (2020.. 8.024). The servi¢¢ to sorne 17 different welfar¢ gTOUPS Susnded at their request due w the various lockdowjs. The c1[ty is a mcmtrKr of the community transport association (No 39633). Publlc BeDeflt Requir¢ment The Dir¢ctors of the Company have read the Charity Cornmis5ion guidwK¢ on "the public brn¢fii requiremeTrt' when ¢x¢rcising any powers or duties to which the guidance is rel¢vont. This requires every organisation set up for on¢ or more charitsbl¢ aims to d¢mon5trate that its aims are for the "public benefit". The two key principles of public ben¢fit are-. I l Th¢T¢ must be an identifiable trtn¢fii or benefits and 2) Benefit must be to th¢ public or a section of th¢ public. In looking io ascertain how the Compony meets the abov¢ ¢riteria It is necessary to remind the reader of th¢ Compan$ aims. The objective Set out in the Cornpany's Memorandum is the provision of a Community Transport S¢rvic¢ for those resideyhts of C#sile Point Borough who are unabl¢ to access conventional public Iransport baUSe of irnpainnenL a8¢ or lack of available public transport services. The Diredors are of the opinion th¢ Company meets th¢ a¥¢ key principl¢s for the following rwons-. In re1¥4tlon lo PriDclple (l) a) the provision of a specific transport service lo people who would the ordinary course be able to use publi¢ tronsport is clearly a reli¢f to those in need and such qualifies under the Charities Act as a"charitsble purpos¢". b) the benefit to the neficier1e$ is clearly related io the aims of the Cornpany, ) although the provision of motorised tran5POrt some hannful ¢ff¢ct on the environmeni the benefits are considered to outweigh these concerns especially as it is Company policy to mitigate the effert of C02 emissions wherever possible. relatlon to Principle {2) a) the beneficiaries are specifically alled to the Companys aims. b) although the public bcnefit is restricted under the aims to the impaired or diSadvanged residents of Castle Poin4 the nurnber of r¢gi5tered beneficiaries couplcd with the number of residents who are cligible to qualify as such 15 considered to be sutTiciently wide &5 lo be not unreasonablc for public b¢n¢fit pul>seS .Individual scheme mernber5 aTe required to pay an annual subscription of £15. This level of fre is not unreasonable and would Dot d¢ter or cxclu(k m¢mbership by virtue of inability to pay. Transport charg¢s are considered very WTnpetitive compar¢d to the private seclor. ) people in poverty are not excluded from the scheme and ID fxt benefit from i4 the level of f¢¢5 and charge5 are not seen bor lo eDtry. d) any private benefits from nmning the scheme would be incidental. Page 2
CASTLE poiiyr SOCIAL CAR SCHEME IJMITED REPORT OF THE TRUSTEFS FOR THE YEAR ENDED 31ST MARCH 2021 FINANCIAL REVIEW Principal fundiDg sources As m¢ntion¢d abovc thc Company secured a second 5 year fidIng grant from the Big ttery Fund in August 2016. Funding from the BLF will ¢ontinu¢ lo b¢ forthcoming providing the Company strives to meet certain Outcome tsrgets which will be me&sured both quantitalively and qualitativety. These Outcomes are intended to Achieve the following for oldeT pwpl¢ and ppIC with disabilitie5 living withtn the borolagb of C&stle PoiDI- a) Reduced i501ation and Social eXcI10n b) ImpToveTnent in physical h¢dlth and mentsl well being ¢) To maintain ]nd¢pdce. The Company is required to comple an annual End of Y¢ar R¢EKJrt lea¢h Augu) demonstrating its p¢rf0n¢¢ in relation to meeting the Outrome targets. Detalled Staternent of Flnanclal Activitles It will be seen from the coUnts io this Report that totsl incornin8 Tesources for the period undeT review amounkd 10 £170.036 12020.. £178,234). Of this sum the BLF restrIcd grani amounied 10 £64,615 (2020.. £64,093) with the balance coming from contract income £Nil (2020.. £7.4491 members subscriptions £1 1.34012020: £15,447) reclamation of fuel duty £Nil {2020- £2.581). donations of £26,180 (2020.. £43,700), GOrnm¢nI gr¥nLs of £54,622 (2020: £2,979) and other of £13,244 {2020: £39,848}. Total resource5 expended for the yeaT an)ounted to £143.27412020: £171228) of which £64,615 w75 BLF filnded. Of this fomer sum £72,750 related to operatin8 expense& £62,945 to administrative costs, £880 to governan¢¢ costs and £6,699 10 fund raising. There was an overall ttei operating surplus for the year ended 31 si March 2021 of £26.762 12020.. £7,LNJ6). Donations, m¢mb¢rs sub5CriPtions and contra¢1 irteome all deere&8ed during the yeaT. Operaiing expenses athninistrative costs also decrea5¢d. Th¢ amount of BLF grant ulilised over the year remained similar to l&si but siill resulted in a BLF pre-Paent amounl of £16,438 to be caLed forward. Without question the 5UPPOrt r¢¢eived from th¢ Bi8 Lottery Flmd has enabled the Charity io rwh out and assist more local people than ever with community transport solutions. Blance Sbeet At year•end Totsl Fund5 of th¢ Company 4mounwt 10 £179,533 (2020.. £152,771) of which all were unrestricted fimds. Fixed A55Ct5 dECred to £58,236. Totsl current &ssets amounted to £155.837 which in¢lud¢s at bank attributsble to the Cornpany of £145,836. Net current as%ts lotsll¢d £121,297. Inve5tmenl pollcy obJe£tlves Under its Memorandurn and Arti¢1¢s of ASsl10n. the Company h&q the power to inv¢st in way the Tntstee Directors deern appropriate. The Financial Manager having regard to the liquidity requirements of the Cornpany and to the reserves policy currenily maintain the available funds in interest trkarin8 deposit accounts and continually monitor the market io ensure the rate athiev¢d is competitive with similar saf¢ inv¢stm¢nt opportuniiies. Reserves policy The Companls policy going forward is tt) 8rndually build Yeserves to the point where it h&% sufficient liquidity to m¢¢t atly replacement vehicle requirements. A5 3151 March 2021 the Company unrestricted free r¢5crvcs (net of fixed assets) of £121.297. The reseryes tx)licy currently maintain the available fimds in inter¢5t beartng dcposit accounts and conlinually monitor the market to ensure the rat¢ achieved is Comp&Ve with similar safe inves1m oprtUnItIeS. Page 3
CASTLE POINT SOCIAL CAR SCHEME IJMrrED REPORT OF THE TRuEEs FOR THE YEAR ENDED 31ST MARCH 2021 FUTURE PLANS Current Big llery fiwding {until August 2021) Iw enabled tbe Directi)rs to build upn and enlarge the Communty TTallsEX)rt schemes. Car scheme client membership has Incre from 531 to 963 (please refer to the 'Aehievement and Perforniance. Section) since inception of the Big Lottery wi. The rationale behind BLF funding is to rh out lo as many older people and people with disabilities as possible living within the borough of Castle Point who. for whatever fjnd themselves unable to use public transwrt. Following a survey of members in F¢b. 2020 a total of over 4.200 p)sitive outcome r¢snSeS has been received from clients since the commen¢ern¢Dt of the project. The Projects objcctive of improving the physical and mental well-being of Castle Point residents through the provision of comrnunity car and [Din1-b traLwon is challenging highly Tewarding aDd th¢ Directors, stsff and volunieers of the Company will continue to use their best endeavours to See that those within the EK)roygh who need project support receive it. With the initial BLF funding sth¢dul¢d io tern)ina in August 2021, the Directo are wnsid¢ring applyin8 for a fiwther grant. This will enable the community transport schemes lime io recover from the longer effects of the pandemic and provide greater support to the members of the community who have b¢¢n dispfoEX)rtionally affeued by the pa1¢mIc its¢llwJd the restrictions imposed by th¢ Govenllneni. We will continue to provide transwTrrt facilili¢s for the elderly. ftir the Purposes our core gervice of local journeys, whilst also continuing io undertake longer joumeys, for both individuals and groups in relation to social outings and holidays. The overall obj¢ctiv¢ of r¢ducing isol10n and improving the physi and m¢ntsl well-teiD8 of the elderly remain5 4 corncrsione of our project. Even with Big Lottery Fund support ending * the of August 2021. the Tn have w r¢ason to suppose that the Clwity will b¢ unable to meei its commitments over the ensuing fllwicial year. 1¢ hu been On extremely challenging year. From March 2020 to March 2021 w¢ wer¢ only able to minibus trip5 for 3 weeks (during th¢ "fals¢ 51art" in the latter half of Septemtr¢rlearly (klor). In preparalion for thi$ we had Snt nearly £2.0(KJ in modifying 2 minibus¢5 to comply with CTA guidance on 5af¢ Coronavirus transport measures. In addition. the minibu5¢5 have incurred significant'standing charg¢s' over lockdowTL periods. Up until the ¢ttd of March 2021 we were unable to cany more than 6 or 7 (d¢pendant on vehicle) passengers, this cth¢d the trips we did run to incur significant 105s¢5' however the Trustees onsider¢d the "menthl benefLI" of these journeys juslified the expendittc. We have been very aware of the rnental and social ¢ff¢¢ls of the recurring lockdo5 on our membership, the detrirnental effects of these will tske a long while to recoY¢r from. We 4r¢ very proud that we managed, du¢ to tht efforts of some of our (Iriv¢T5 and the Car Booking oifiee manager. to ¢ontittue to provide a ¢ar service throughout the whole lOd. As far as we are aww¢ we were the only Car Scheme to continue to provide service, even the lor81 Hospitsl Tntst area closed thrir car transwrL whi¢h iticre&qed the load on th¢ Ambulance service5. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The company is gov¢rned by its MemoranduTn and Articles of Association. Application foT Voting membership of the company may be rnade by any eligible user of the r¥](C upon their un(krtaking in writing to contribute such amount may be requir¢d, but not exceedkng £1 (one pound), for the payment of debts ynd liabilities of the cornpany in the evenl of its windin8 up. There ar¢ currentty 75 voting memb¢rs of the company. Fornjs (or application for voting membership rnay obthined frorn the office. Recruitment XDd appointm¢Dt of Thew trustees The Trustee Dirtctors have overall re5ponsibiliry ensurll the Cotnpany 15 nm to achieve its objects within the confjDes of its governing document and the law. There were Six directors in office during the riod undcr review all of whom are volw]t¢ers but who bring Special knowledge OT experience in matter5 relating to the CoMpanS activities. Wher¢ perniitted the Board has tnei but in the interim th¢ Chairnwt has issued a rerA)rt every month, or as the needs of the organisation require. No dir¢ctor in their capacity &8 such or any p¢rson connectcd to a dire¢tor received any payinent other than on J DOrn)a] comme1141 b&8is from the company durin8 the period. Th¢ p05t of company 5¢CT¢tsry h&5 ten dispensed with. The directors conlinue to look to appoint Dew people to th¢ Tnanagin8 committee of the Board. New management committee Tnembers shall be elect¢d individually at the AGM. The diredors Tnay CW up to two other p¢r50D5 to fill a vaca1] on the management ¢OrnTnittee. Persons wd must seek re-election at the next following AGM. Page 4
CAsfLE POINf SOCIAL CAR SCHEME LtMITF.D REPORT OF THE TRusfEES FOR THE YEAR ENDED JIST MARCH 2021 STRucfuRE. GOVERNANCE AND MANAGEMENr Management The current starus is as follows: Operational decisiS aff 8¢ a day by day basis ty Jacqui Middleditch? gencral manoger, in consultation with the Chairtnan il necessary. Samantha Marth, assislanl transp()rt monagcr, organises the trips and Tninibus opcraiions and deputises for Jacqui wheD sbe is noi in the ()fficc. Lisa Taylor manages the Car Sche]ne IN)king officc. All maiters of pulicy, pr(Kcdurc alld financialcontrol, havsngregard io all regulai(Xy lwd staiulorycoDtro15. are laid down by the direclors. Tli¢ COnaed hours are- Jacqui ?1 h(XErs, Sam 28 hours and Lisa 26 hours. supplgth Jnanagersare se 20 v()luniiary siaff ol which 17 arc volwiteer drivers and 3 are officc based admin assisiants. kne of thc office Staff. and also some trust¢o%, work a dual rale as drivers but are i>nly counted ffl¢e. Of the two drivers paid f(r out of Big L(*iery Fund {BLF) grani monies, two w(Yk 34 hour5 per week, the h¢r is (m a zero hiMWS C(mifdcI. DBS cbecks are iaken on all paid staff and Yolwiieers. Accommodation lThe company operatcs out of an office C<mSi4ing of ihree rix)ms l(Kated in the TyTells Ccntrc in iknfled, Essex for whiLII li currL'nilypay5 rent io Essex C(Mmty CIM]ncil.'The currcni lease Wds iued on 1311112020 and from Junc 2015 unti125th MarLh ?022. Induction and troilline of neTV trustees New I rustee Directors undergo an orien121i(XL to enable them io understand iheir legal i)blig8¢ions under charitv and Liimpany law andundcr the Memorandumand Articles of AsKKidiion. The &Mrd and dcciqion makingpriJce44 is ¢xpldillLd to ihern and recent financial daia is madc dvdilablc. 'Th¢y invited 10 attd B(Hrd meetings and are given Charity Lommi55i()n publications in relation io the dutits of trustees. REFERENCF, AND ADMINISTRATIVE DETAII Registered Companv number 01745415 {l..ngland And Wales) Registered Charlty nutnber 1076(107 Re%l$tertd office 'I'hL TyrLlls Lentre 39 Seamore Avthue Iknfjcct Essex SS7 4EX Trusttes A Bl¢- Chairtnan Miss P Tait M Joiner Mrs J Sullivan Mrs J Donovdn D Patt¢rson Independent Examiner ESW Chartered Accountants 162-164 High Street Rayleigh Unit¢d Kin8dotn SS6 7BS Page 5
CASTLE POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEFS FOR THE YEAR ENDED 31ST MARCH 2021 REFERENCE AND ADMINISTRATIVE DETAILS Bankers Natwe51 Bank PIC Basildon A BTanch 29 East Walk Basildon Essex SS14 IHD Approved by order of the board of trw¢e¢s on..... .. . sign¢d on its behalf by. A Beale- Chainnan- Tne¢ Page 6
INDEPEf4DENT EXAMINER'S REPORT TO THE TRUSTEES OF CASTLE POINT SOCIAL CAR SCHEME LIMITED IThdependent ¢X4min¢r'$ report to the tryst¢¢5 of C4st]e Point Social C*r Schem¢ limited {'th¢ Comp4Dy') I report to the charity tTUSttts on my examination of the xcounts of the Company for the year ended 315t MaTch 2021. Responsibilities and basis of report As the charity's trUetS of the Company (and also its directors for the purposes of company law) you aTe responsible for the preparn¢ion of th¢ accounts tu attoTdanc¢ with th¢ r¢quiretD¢nts of th¢ Cornpanies Act 2006 ('the 2006 Ad). HaviTtg satisfied myself that the aecoullts of the Compotty aTe noi wtsired th be audited witkr Part 16 of the 2006 Act and aTe eligible for independenl examtnation, I report in reyct of ¢xaTniDalioD of your charitys aCcOts as carried out under section 145 of the Charities Aci 2011 {the 2011 Act,). In canying out my examinatil I have followed the Direction$ giv¢n by the Charity Commi55ion und¢r 5C¢tion 145(5) (b) of the 2011 ACL Independent examRD¢r's statethent I have completed my examination. I confinD tha¢ DO matteTS have Cott th my attention in conn¢¢tion with th¢ ¢x8mination giving me cause to believe.. accounting recoTds were not kept in Te5M of the COTWY as required by section 386 of th¢ 2(KJ6 ACL or the accounts do noi accord with those records. or th¢ cOUnts do not comply with the accounting rwuirements of sedion 396 of the 2006 Art ¢)theT than any requirement that th¢ acwunls give a true ond fair view which is not a matter consid¢r¢d &$ part of an independent examinalion; or thc accounts hav¢ not been prepared in accordance with the method5 and principles of the Ststement of Rwommended Practice for accounting and r¢portiDg by ¢harities (applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concems and have come across no other mJtieTS in copn¢¢tiott with the examination W whi¢h attention should be drnwn in this report in order lo enable a proper understBndin8 of the accounts to be rhed. ere Accoun et 2-164 Hi United Kin8dom Essex SS6 7BS Date.. i.3.1.q.l.&.I Page 7
CASTLE POINT SOCIAL CAR SCHEME LIMITED STATEMENT OF FINANCIAL AcrivrriES FOR THE YEAR ENDED 31ST MARCH 2021 2021 Total 2020 Total funds Unrestrickd Restrided fitnd Notes INCOME AND ENDOWMENTS FROM Donations and legacies 26.180 26.180 45,7) Chllrltsble aetlvltle8 CTU accounts Big LA)tt¢ry Fund Charit¥4ble 7,449 64.093 2.979 64,615 64.615 54.622 Oth¢r trading tIvItieS Investment income Other income 24.584 35 24,584 35 55,295 137 2,581 Totsl 105.421 64.615 170,036 178.234 EXPENDITURE ON Raising funds 6240 6,240 5,880 Charitsblt activitlej Charitable 71.080 64.615 135.695 162.664 Other 1.339 1.339 2,684 Total 78,659 64.615 143.274 171.228 NET INCOME 26,762 26,762 7,006 RECONCILIATION OF FUNDS Total funds brought forward 152,771 152,771 145.765 TOTAL FUNDS CARRIED FORWARD 179.533 179,533 152,771
CASTLE POINT SOCIAL CAR SCHEME LIMITED BALANCE SHEET 31ST MARCH 2021 2021 Total fund5 2020 Totsl Unrestricted Restricted fund5 Notes FIXED ASSETS Tallgible &s5ets io 58236 58236 73,052 CURRENT ASSETS Debtors Prepa)ents and accTu¢d income Cuh at bank ,341 1,341 8,660 145,836 4.561 ,724 97.076 145,836 155.837 155,837 110.361 CREDITORS Amounts fY411ing due within one yeaT 12 (34.540) (34,540) (30.642) NET CURRENT ASSETS 121297 121,297 79.719 TOTAL ASSETS LESS CURRENT LIABILITIES 179.533 179,533 152,771 NET ASSETS 179,533 179,533 152,771 FUNDS UDr¢strithd fund8 13 179.533 152,771 TOTAL FUNDS 179,533 152,771 The charitsble company is ¢ntiil¢d io exemoion from audit under Section 477 of the Companies Act 2W6 for the year ended 31stMarch2021. The members have not required the cornpany io obtsin an audii of its fjnancial sts1¢mts for the year ended 315t Marth 2021 in accordance with Section 476 of the Companies Au 2(Kl6. Th¢ trustecs acknowled8e their responsibiliti¢s for (a) ensuring that th¢ ¢haTitsble company keep5 aCcoUg re¢ords that comply with SethiOTh$ 386 and 387 of th¢ Cornpanies Act 2006 and preparing financial ststen)ents which give a true fair vicw of the state of affair5 of the charitable company &5 at the end of each financial y¢ar and of its surplus or deficil for each finwjcial year in accordance with thE requirements of Sections 394 and 395 and which otherwise comply with the r¢quirements of the ComphThi Ath 2¢M)6 relating to finanfjiai Sernen so far as applicable to the charithble company. (b) The notrs fonn part of these fiDaDciai statemeDts
CAsfLE POINT SOCIAL CAR SCHEME LIMITED BALANCE SHEET- continued 31ST MARCH 2021 Th¢ finanrial ststcellts have bEell prcpaTed in accOrdae with the provisiorLS applicable to charitable companies subject to the Small companies regime. Thc financial statcmcnts w¢r¢ approved by th¢ BoaTd of Tn and authorisei1 for issu¢ on ........... ... ... . signed on its behalf by. were ABe le- Chairnwi- Trus¢ee The notes forn) part of these fmancial 5Latem
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 ACCOUNTING POLICIES Basis of preparlng tbe Iln#nelal statements The financial 5tat¢m¢nts of the charitable Company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accouniing and Rewyning by Charities.. Ststement of RecoTtullended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of trelarwj, aDd the Companies Act 21NJ6. Th¢ financial ststements have been prepared under the hisiorical cosi conveniion. Income All income is recognised in the Sthtement of Financi Auiviues once the charity has entitlement to the funds, il is PTobable thai th¢ income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there 15 a legal or constructive ObliatIon committing the charity ¢0 that expendi¢ur¢, it is probable thai a rransfer of economic benefits will be required ID s¢ttl¢m¢nt and the amount of the obligation can be measured reliably. Expenditure is accounted for on an anIal5 b&5is gnd been classified under headings that aggregate all cost related to the category. Wh¢r¢ ¢osts Cann be directly attributed to particular h¢adtngs they have been allocated io activities on a basis consistent with the use of resour¢¢s. Tanglble flxed 85sets Depreciation is provided at the following annual TJt¢s in order W writ¢ off each asset over its e5timat¢d useful lif¢. Fixtures and fittin8S Motor vehicles 25Yo on reducing balance 20Y• on ru(ing balance Tax8tlon The charity 15 exem0 from corpolon t&x on its charitable activities. VuDd AeCOUDtlng Unrestri¢t¢d funds can be used in accordan¢¢ with the ¢h8rityble objective5 at th¢ discretion of the trustees. Restricted funds can only be us¢d for porticular restricted pwp05es within the obJts of the ¢harity. Restriction5 aris¢ wben specified by the donor OT wlw fund% are raised for particular re5trithd pwrN)se Further explanlOn of the natUTe and purp)se of efftch fitt)d is included in the notes to the finCial ststemertts. OTHER TRADING AcfiviTIES 2021 2020 Membership f¢es 11.340 13,244 15.447 39,848 24.584 55295 Pagell continued...
CASTLE POINT SOCIAL CAR SCHEME LIMITED OTES TO THE FINANCIAL STATEMEiYfs- continued FOR THE YEAR ENDED 31ST MARCH 2021 INVESTMENT INCOME 2021 2020 Deposit account interest 35 137 RAISING FUNDS Raising don4tloDs l¢g4¢les 2021 2020 Support costs 6,240 5,880 OTHER 2021 2020 Support costs ,339 2,684 NET INCOMEI(EXPENDITURE) Nel in¢omel(expenditure) is ststed after Ch¥gui{1lI&). 2021 2020 Deprectation - 0ed 485¢ts Other operating leases 14,816 3,035 18,590 1,198 TRUSTEES, REMUNERATAON AND BENEFITS There were no trwt¢¢s' remut)eration or other benefits foT th¢ year ended 31s¢ Mwch 2021 nor ftir the ye4r ended 3 1st March 2020. Trustees, expeDsei Therc were no trusl¢¢'s ¢xpenses paid for the y¢ar ¢ndd 3 1st March 2021 Dor for the year end1 31st March 2020. STAFF COSTS The average monthly nlunber of employees during the year w&$ as follows: 2021 2020 Full time Part time No ejnployees received emoluments in excess of £60.000. Page 12 Continu..
CASTLE POINT SOCIAL CAR SCHEME LIMrrED NOTES TO THE FINANCIAL ATEMEKfs- eontind FOR THE YEAR ENDED 31ST MARCH 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund Restricted fithits Tots] INCOME AND ENDOWMENTS FROM Donations and legacies 45.7() 45,700 Charilable actlvitles CTU accounts Big Lottcry Fund Charitabl¢ 7.449 7.449 64,093 2.979 64.093 2,979 Other trading tivItI Investtnent income Other income 55.295 137 2.581 55,295 137 2,581 Totsl 14.141 64.093 178,234 EXPENDITURE ON Rai$ing funds 5.880 5,880 Charltible artlvltles Charithble 98.571 64,093 162,664 Other 1684 2,684 Total 107.135 64.093 171,228 NET INCOME 7.006 RECONCILIATION OF FUNDS Totsl fuDdJ brought forwxrd 145.765 145,765 TOTAL FUNDS CARRIED FORWARD 152.771 152,771 Pag¢ 13 continued...
CASTLE Pol SOCIAL CAR SCHEME L[mED OTES TO THE FINANCIAL sfATEMEiYfs- colltinu FOR THE YEAR ENDED 31ST MARCH 2021 io. TANGIBLE FIXED A&SETS Fixtures Motor vchicles fitttngs Tota]s COST At 1st April 2020 and 31st Mar¢h 2021 10,696 159,618 170.314 DEPRECIATION At Isi April 2020 Charge for year 7.620 89.642 13,995 97,262 14,816 At 3151 Mor¢h 2021 8.441 103,637 112,078 NET BOOK VALUE At3151Mawh2021 2.255 55.981 58.236 At 315t March 2020 3,076 69,976 73,052 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trad¢ d¢btors Other debtors 2.854 1,707 1,341 1,341 4,561 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade Credilors Social security and other taxes Other creditors Awrnrd expen5¢S 599 1,149 1.480 31,312 554 1,527 360 28.201 34.540 30,642 Other creditors includes a BLF prepayrnent of £16,438 (2020: £16J79). Page 14 contiDued...
CASTLE poINr SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL sfATEMENfs- eontlllued FOR THE YEAR ENDED31ST MARCH 2021 13. MOVEMENT IN FUNDS Net mov¢m¢nt in fidS At 31.3.21 At 1.420 UDrestrirted funds General fund 152.771 26.762 179,533 TOTAL FUNDS 152.771 26,762 179.533 Net movement in funds. included in the aiK)ve are as follows: Incomin8 Resources expended Mov¢m¢nt ill fimds Unrestrleted tsndj General fiEnd 105.421 (78.659) 26,762 Rutrlcted funds Big Lottery Fund 64,615 (64.613) TOTAL FUNDS 170,036 (143.274) 26,762 Comp#r8tfvu for movemen¢ In funds Net movemeni in filnds At 31.3.20 At 1.4.19 Unrestricted fund$ General fillhd 145,765 152.771 TOTAL FUNDS 145.765 152,771 Comp8Mive net movernenl in included in the above ar¢ as follo*s: Incoming Movement in fund5 ¢xpended Unrestricted funds General fund 114,141 (107.135) 7,006 Re5trieted lunds Big Lottery Fund 64.093 (64,093) TOTAL FUNDS 178.234 (171.228) 7.006 Page 15 continued...
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS- ¢on¢iDu FOR THE YEAR ENDED 31sr MARCH 2021 13. MOVEMENT IN FUNDS- co4tinued A Current year 12 months and prior year 12 months combined wsition is as follows.. Net movem¢nt in fimds Ai 31.3.21 Atl.4.19 Unr¢Jtrl¢t¢d fyThds General fimd 145.765 33,768 179,533 TOTAL FUNDS 145.765 33.768 179,533 A current year 12 months and prior year 12 Mon combined net MOEnt ID fithds, included in the above ore as followB: Incoming Resources expended Movement in funds Unrutrleted funds General fw)d 219.562 (185.794) 33,768 Restrleted Tunds Big Lottery Fund 128.708 (128,708) TOTAL FUNDS 348.270 {314.502) 33.768 The company had the following restricted fimds dwing the yw. (l) The Big Lottery Fund provided for the majortty of opernin8 expenses and support costs. 14. RELATED PARTY DISCIL)SURES Th¢r¢ were DO reled party transa¢tion8 for the year ended 31st Marcb 2021. Page 16
CAsfLE POINT SOCIAL CAR SCHEMK LIMfTED DETAILED STATEMENT OF FINANCIAL AcfiviTJES FOR THE YEAR ENDED 31ST MARCH 2021 2021 2020 INCOME AND ENDOWMENTS DonatioTrs and legaeies Donalions 26,180 45,7(M) Other tr*ding actlvltles Membership fees Other 11.340 13.244 15,447 39.848 24,584 55.295 Investment Ineome Deposit coUnt inter¢s1 35 137 Charitsble activitiej Contracl income Grants 7.449 67.072 119.237 119.237 74,521 Other Income BS 2.581 Total Incomln8 resourc 170.036 178.234 EXPENDITURE Charitable activities Wages Dead mileage Fuel Insurance and road tax Maintet]ance Fixture5 and fittings Motor vehicles 42,928 45 4,247 6,168 4,547 820 13,995 49.562 389 10.208 7,274 9,255 1,096 17,494 72,750 95278 Support ¢osts Management Wages Rent Insurance Telephone Postage and 5tation¢ry Carried forward 48.027 3.035 542 857 5.134 57.595 49,119 1,198 537 739 6.597 58.190 This pag¢ doe5 not forn) part of the Stat fmancial statements Page 17
CASTLE poiiyr SOCIAL CAR SCHEME LIMITED DETAILED STATEMENf OF FINANCIAL AcfivITIES FOR THE YEAR ENDED31ST MARCH 2021 2021 2020 MAn4gerneDt Brought forward Advertising Sundries Cornputer expeI]5CS Trdining Fees Payroll 57.595 225 10 4.162 58,190 3,955 164 3,425 598 263 791 445 508 62,945 67,386 Flnanee Fund raising Bth charges 6.240 459 5.880 699 6,764 Governance costs Accountan¢y 880 1,800 Tolal resource5 ¢xpended 143274 171,228 Net Income 26.762 7,(NJ6 This page does forni part of the stabrtory financiaI stat¢meDts Page 18