REGISTERED COMPANY NUMBER: 03745415 (England and Wwles) REGISTERED CHAIUTY NUMBER: 10761K17 REPORT OF THE TRUSTEE5 AND UNAUDITED FINANCJAL STATEMENTS FOR THE YEAR ENDED 31sr MARCH 2023 FOR CASTLE POINT SOCIAL CAR SCHEME LIMITED ESW C1]art Acwuntants 162-164 High Str¢¢t Rayleigh Essex SS6 7BS
CONfENfs OF THE FINANCIAL STATEMENTS FOR THE YEAR K]4DED 31ST MARCH 2023 P•g¢ Report of the Trwtees I w t5 lud¢pEnd¢t EJ•mttt¢r's Report stateJDeDt of Flnanelal Aetfvtties Bal•nc¢ Sheet 9 w 10 Notes lo the Fin*Dei•l Ststemellts 11 to 17 Detalied Sthtement of Fth1(LIl A¢¢lvltl 18 19
CASTII POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEKS FOR THE YEAR ENDED 31ST MARCH 2023 Th¢ tntstres who are also directors of the thrity for tbe purposes of the COInlle8 Act 2006, pres¢Dt tb¢ir report with the fanCIal statements of the charity for the year ended 3 1st March 2023. The tDJStees have adopted the provisions of A0ting and Reporting by CTrwitie%: Ststement of R¢commended applicabl¢ to charitie5 Preparing their a¢¢ounts in accordance with th¢ Fin8ti¢ial Rewting StsDdard 4ppli¢able ID the UK and Republic of Ireland (FRS 102) (effective l January 2019). This is the 24th rep)rt of the dir¢¢tors, a company limited by gUarte¢ in¢orpoTat¢d urtd¢r the Companle$ Arf 1983 as a private eompany on 1st April 1999. The company is also a re8iSred chaTity numbeT 1076007. OBJECTIVES AIW ACTIVITIES Objeetlves and alms The Companls fijndamental objective is to provide a safe. Secure and acces5ibl¢ Community Transport SeTvi¢e io the residents of Castle Point who for age or health relaied re&80Th8 are unable access public transporL Prior to April 2011 th¢ CoTnpany w&% being finan¢ed under 4 Funding Agrttment benveen the Compally Essex County Council (ECC) and Castle Point Borough Council (CPBC). Thi5 Agreement expired on 3 1st MaT¢h 2011 and was not renewed by ECC and CPBC. In August 2011 the Company was fortunat¢ enough to b¢ awaTd¢d a fiv¢ yejr funding grat)t of up to £359,518 by The Big Lottery Fund (BLF) and. in 2016. a further five year grnnt totslling £348.334. Additional fimding ill the forni of subsLYiption fees. donations and fees fiff the use of Company vehicles by clubs and others ODStitut¢s an iTnportant revenue 50Urte. lTrJe service is prOVid..- (a) through the provision of Community trartsport Usin8 3 Company 0}ed mini-buse& uying appropriately qu4lifi¢d employed and volunteer driveTS. (b) the 3 Company owmed mobility vehi¢le& ing approprith]y quAlifi¢d ¢mployed arml volunteer drivers. {¢) by 25 voluntttr drivers USllW their own vehicles (at the date of this Report). Slinlflcanl actlvltl¢ The principal activity of the company was th¢ provistoti of a community transp)rt service for those residents in the Castle Poini Borough Council area who ar¢ unabk to xce55 ¢onv¢lltional public transp)n because of impainnen( age or lack of available public transport services. Stsff Jnd Volunteers Th¢ directors would like io fornialty record their thanks to all those volunteers who conttnu¢ to forego their free time for the benefit of th¢ orwi5J¢ion. Without their support there would be no social car or Community transport schem¢$ and their dedication, wupl¢d wtth th¢ re and understanding shown clients. is much apprKiated by all c4)nc¢rned. Th¢ dire¢tors would also ]e to express their sincere thanks to those in31itirtion5 individuals who ha¥¢ supported the company'5 fundraising activities over the ptt5t year and who have kindly dcthn8t¢d funds to our cause. The manag¢m¢nt team consists of manager Jacqui Middleditch who, assistsnt manager Samanth& MarclL primarily over th¢ Trd]LSPOrt side of the bustncss. Lisa Taylor manages the Car Sthernc Bookin8 Office. We h&ve a ffijll.time driver, Adam Ball, to cover longer di5tsnce journw u5iti8 onc of the mobilty vehi¢les. Alan Mutton and Dclla Jarvi5 provide the main force for thc 1n1b 0sKratioD aDd wc have a pool of 6 suitably qualified voluntc¢r driv¢r5 we can e on an ad-hoc basis for either minibuses or mobility caT5. Adam is contracted for 34 hours per week ov¢r 4 days WHI Alan mul) and Lklla Jarvis are COntrted on a "zero hours" basi5. ACHIEVEMEiYf AND PERFORMANCE Car Scberne During the year under review the voluntrer car scheme and mobility drivers completed 14,981 journeys (2022.. 12,008) cayrying 17.619 clients (2022.. 13,867) 8 iotal of 96,490 miles. The car scheme membership increased ov¢r the year to 1.095. The S¢h¢m¢'s growth eontinued to rttover in this period with the relaxation of Governm¢nt restrictions. Since funding from the BLF comm¢nce¢l car stheme ¢li¢nl numbEr5 have risen from 533 to 1.095 at 3 1st Mah 2023. giving an overall increase of 562 over th¢ 10 y¢aTS of fi]nding. All journeys d¢tail¢d aiM)ve weT¢ caTri¢d out iti Strict adheru)ce to the various Governrn gui time with regard to social distancin& face covering wearing and enhan1 cle4Dillg of vehicles. Of the joumeys 14.981 above 2.403 (16°/0) were UD¢JertakeD in the mobilty v¢bi¢ks. ¢lin¢s iD place at the
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023 ACHIEVEMENf AND PERFORMANCE COMMnity Trnnsport S¢hetDe rhwing the Y under review there weT¢ 861 j¢)unw (2022.. 582) canying 4.055 ¢li¢nts (2022: 3.587). The service ts) 17 ditfer¢ welfare wups and Clubs are provid¢d The charity is a member of the ccffwnunity traw a110 (No 39633). Publle Benefit ReqIreMent The DITtOrS of the Corntny ljave read the Charity Cornmis5ion guidance on e public benefit requIren)t. wben exercising any powers or duties to wbich the guidance is relevant. This r¢quir¢s every orgallisation set up for one or more charitsble aims to demonstrat¢ thot its ainL8 are for the 'public benefft". Tr two key principles of public benefit l) There n)wst be an identifiable benefrt or benefits and 2) Benelh must Ix to the public or a seciion of the public. In looking to aycertain how the Company meets the above crileria it is e$s$ry th remind the reader of the Cornpany's aims. The objective set ou¢ in th¢ Companys Memorandwn is the provision of a Community T[spOrt Service for thos¢ r¢sidents of Castle Poini Borough who are unable io access conveniional public transport because of impainnenL age or lack of availabl¢ publi¢ transport services. The Diredon are of th¢ opinion that the Company meets the above key principles for the followin8 reasons-. relatlon to Prlncipl¢11) o) the provision of a specific transport S¢Tvice to people who would not in the orditiary ¢ourse be able to use public transport is clearly a relief to those in n¢ed and Such qualifies tsnder the Clwities Act as a"¢hOTit&ble purpose" b) the benefit to the beneficiaries 15 clearly r¢la¢cd to the aims of the Company, ) Although the provision of moloris¢d tyansport has some harniful ¢ff¢d on the ettvironmen( the benefits are considered to outweigh th¢se concerns especia]ty as il is Cojyny policy to miti8ate the effect of C02 emissions wherever possible. In r¢tAtIoD to PrlDclple (2) Y4) the beneficiaries are specifica]ty a]igned to the Compoty$ ain4 b) although the public benefit is restricted under the aims to the IM1Ved or disadv8nta8ed residents of Castl¢ Point, the number of registered beneficiaries ¢oupl¢d with the number of residents who are eligibl¢ io qualify as sucb 15 consider to be sufficiently wide as to be nol urenable for public benefit purposes.Individual h¢m¢ members are required to pay an annual sub$crioion of £20. Thi5 level of fee 15 not utweasonable and would not deter or exclude memb¢rship by virtue of inability to pay. Transport charges are considered very wmp¢iitiv¢ compared to the private s¢dor. cl people in poverty are not excluded from the scheme aThJ in fact benefrt frorn IL the level of fee8 and charge5 are not seen a5 a bor io enty, d) any private benefits from rwwitig th¢ schetne would be incidental. Page 2
CASTLE POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 21123 FINANCIAL REVIEW Prln¢lp81 funding soiirce8 As mentioned axive the Company secured a second 5 funding gr8ttt from the Big LA)ttery Fund in August 2016. This funding ¢ea8ed at the end of August 2021. We ts) monitor the '0m¢S. previO$1Y recorded r¢quiTement for the BLF funding and intend achieve the followiDg foT older people and people with disabilities livillg within the area of C&stk Point Boroush Council.. a) Reduced isolation and social ¢xclLsion b) Improvement in physical heahh aDd mentsl 11 b¢ing c)'fo rnaintsin independence. Detalled Statejnent of Finanelal Athltles li will be seen from th¢ accounts io this Report thet total incoming r¢wurces for the period under review amounted to £112,811 12022.. £139,202). Of thi$ sum the BLF Testrided w amounted to £Nil12022.. £27,193) with the balance coming from m¢mb¢rs subsLYiptions £18,520 (2022: £13,0). dOn]OnS of £24.156 (2022.. £46.168), Government grants of £4,948 (2022.. £10,572) and other of £64.791 {2022: £41,567). Total r¢80urces expended ftir the yeaT munted £176,339 {2022: £152.171) . Of this forn)er sum £98.908 r¢l•d to operating ¢xpens¢s, £69,813 to administrative ¢osts, £1,340 10 governance costs and £6278 to fund raising. Th¢re w an overall net operatin8105s for the year ended 3 1st Mh 2023 of £63.528 (2022.. 55 £12,975). Donations decreased this year with members sub%ript'ions and contract income both increBsing during the year. Operntit)g expenses and administrative costs both incT¢as BAlan¢e Sh¢¢t At year-end Total Funds of the Company amount¢d th £103.030 (2022.. £166,558) of which £54.770 were restricted funds12022.. £28,346). Fixed Assets increased to £68,038. Tota] CWTent assets 8mow)ted to £122,808 whi¢h includes ¢8sh at bank attributsbl¢ ¢0 the Company of £112,321. Net ¢utt¢nt totalled £42,490. IDveytment polky *nd objectfv Under its M¢mor8ndum ond Articles of AsgKL8tion, the Company ha5 the w)wer to invest in any w4y th¢ Trustee Directors deem approprie. The Financial Man4er h•ving regard to the liquidity requirements of the Comp8ny and to the reserves FM)licy currently maintain the available funds in interest bearing deposit accounts and continually monitor the market to ensure the achieved is comi)etitive with 5imilw slfe investment opFM)rtunities. Reservu polky The Comp4nls policy going fonvard is lo yadually build resm1¢5 to thc TM)int where it h&$ sufficient liquidity to meet any replacem¢Dt vehicle requirernents. As at 31st March 2023 the Company did not have enough unrestricted free r¢serves (net of fix¢d &s5ets) to meet liquidity including rc5tricted re5¢rv¢s (net of fixed assets) this WLS £42,490. The Te5¢rves policy cuentlY maintsin the available fuDd5 in int¢r¢5t bE8rin8 deposit accounts ond continually ffionitOT the market io ensure th¢ rate achicvcd 15 ¢Otwietitive with similar s&fr investment OPTMJrtunities.
REPORT OF THE TRUSTEES FOR THE YEAR EPIDED 31sr MARCH 2023 FUTURE PLANS The Directors have submitted application for a further 5-year grant of £201.935 from the Big b)ttery Community FuDd and, ftillowing initlal CODsultstA are hopeful that this will be grartted. This will enable the Directors lo build upon and elllarge the Cornmunity TT8nSP)rt schemes. Car scbeme clieni membership has tncreased from 533 to 1095 (ple&8e refer to the "Achieven)ent and Perforn)at)ce" section) up until the end of the Big Lottery rn. The ralional¢ b¢hind BLF fuDding is to reach out to L% mally older people and people with disabilities as possible living within the borough of C&%tle Point who, for whatever ftttd theTnselves unable to use public transport. Our annual SUTvey of Tandotn Sample of 200 rnember5 of the scherne Slwed thai we aye continuing to med our objethive of imprOvll the physi1 and mentsl well-being of C&%tle Point ttsidents througb the provision of community car and mini-bus transportatio with over 96Yo saying that theiT heahh and menta] well.being had irnprov¢d. Ahhough the provision of the Scheme can be chal1engll it is highty rewaTding and the Directors. stsff and volunteer5 of the Cornpamy will continue to their best endeavouT5 to sec that those within the Ix)rou8h wbo need support receive it. We continue to monitor the age of our fl¢et subjrft to funditig beiti8 receive4 are IoDkitig w replace ow Olde min-bus during the next year. As m¢niioned above. th¢ Dir¢rtors hav¢ appli for a furth¢r grjnt fr(n th¢ Big try CoTnmuDity Fund. Should this be gTaTrt¢d it will enable th¢ communty transport schemes to rewver from the longer eff¢¢ts of th¢ panderni¢ and provide 41¢r support to th¢ m¢mEr5 of th¢ ¢omrnunity, who still aff¢¢t¢d ¢Ji5proportionally by both the pandcmie itself aDd the longer teTm effects of the restrictions previously imposed by the Government. We will continu¢ lo provide tr4n5PQrt h¢ilili¢s for the elderly, maintsining OUT core s¢rvic¢ of l¢)¢ai joum¢y5, whilst a]so Wntinuing to und¢rtak¢ longer journeys for both individuals and groups in relation to social outings and holidays. The overall objective of r¢du¢ing isolation and improvitig th¢ phy8i¢a] and m¢nthl w¢ll-b¢ing of the ¢ld¢rly r¢tiwins O COrn¢TSts)n¢ of our project. The TSte¢S have no re&80n to supp)se the Charity will be uthle to meet its commitments over the ensuin8 fm8n¢ial y¢ar. A5 b¢¢n r¢port¢d iti th¢ pr¢s$ the m¢ntal and $o¢ia] effects of the re¢urring lockdowns have had a continuing detrirnental ¢ffe¢¢ on our membership whi¢h will tg&e 4 lottg whik w r¢V¢T fronL We ¥r¢ very pleased wtth the uptske of our day trips and have. since the ending of most restriction& plan to continue to build ow services. both Car Scheme 8nd Minibus, throughout the coming year. The would like to thank all of our staff and volunteers for all their efforts in continuing io grow 8nd improve the Scheme. STRUCTURE, GOVERNANCE Al MANAGEME GoverDlng docvment The company is governed by its Mernorandum and Articles of Association. Application for Votmg membership of the company may be made by any eligible user of the service upon their undertakin8 in lting to contribute such prnount as may be require& noi exceeding £1 (on¢ px)undl, foT the payment of ¢kbts and liabiliti¢s of thc company in the event of its winding up. There aTe currenty 60 voting members of the eomtAny. Fonns for application for voting membership may be obtjined from th¢ offi¢¢. Recrultment #nd 8ppolntmeDt ofnew trujtees The Tru5te¢ Dir¢¢¢ors have OVall responsibility foT ¢DYWiDg the CompaDy IS run to achieve its objects within the confines of its 8overnin8 document and the law. There were six directors ID office during the whole period under teview with a new director jointng in March 2022. All the Dire¢tOTS are volunle¢T5 and bring special knowledge or experi¢¢ in matterg relating to the eompatys activities. No direaor in their capacity as such or any person connected to a director received any payrnent oth¢T on a norn] coMmal ba315 from the company during the pEr1. The wlst of company 5ecT¢tsry hws been disl5¢d with. The directors continue to look to appoini new r*ople to the managtng commitree of the Board. New manageTnent committee members sha]1 Ix ¢l¢ded individuaity At th¢ AGM. Th¢ directors pt up to two other persons to fill a vacancy on the management cornmitttt. PeTson5 CLPted must seek re-election at the next followtng AGM.
CASTI POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023 srRUCTURE, GOVERNANCE AND MANAGEME MAnagemeDt Th¢ cutrent status is as follows: olOnal decisioDS are mad¢ OD a dAity basis by Jacqui Middl¢dTteh. getrA1 maDager. in ¢onsultion with the Chainnan if fte$ary. Satnanth marc wistatkt IrdllSPOrt manager, organi5es the trips and miniTr>us operations and dep]5¢$ for Jacqui when she is not in the offic¢. Lisa Tayloi nwiages the Car S¢herne EM)oking office. All matters of policy, procedure artd financia] control, havlng regard to all regulatory and statOry controls. are laid down by the directors. The contracted hour5 are - Jacqui 21 hours, Sam and Lisa 28 hours. Supporting these manageTY aTe some 31 volulltsry stsff of whith 25 4re vOlunr drivers and 6 ar¢ office based admin assistants. Some ofthe office stsff, and olso some trs. work a dual role drivers bul ore only counted once. Of the three paid drivers, one works 34 hours per we¢K the other Thvo ar¢ on a "z¢ro hours" contracL DBS chth are taken on all paid stsff and VolteS. Ac¢oThmod8tlon The company out of an office consisling of thre¢ r(w)ms located in the ellS Centre in Benfl¢ E$$¢x for which it CUTrently pays rent to Essex County Council. The "current. lease issued OD 1311112020 and run5 from June 201 S until 25th March 2022. This h&q now expire4 we have not yet been advised when the subsequent Le&% will b¢ issued. Induction aDd trnlnlng of new trnsltti New Trust¢¢ Dir¢¢tors under80 an orientalion p¢riod th enable them lo und¢Tstsnd their le¥al obligations under charity and company law gnd under the Mernorandum and Articles of Association. Th¢ Board function and decision making provss is explained to them and recent flljancial dats 1$ made available. They are invitrd to attend Board m¢¢¢in8s and are given Charity CoTrmission publications ID relation to the duties of tn5. REFERENCE AND ADMINISTRATIVE DETAIIS R¢¥lstered Company number 03745415 (England and Wales) R¢8l%tered Cbarlty tsumber 1076007 R¢%litered offlce Th¢ Tyr¢lls Ccntre 39 Seamor¢ Avenue Benfleet Essex SS7 4EX Try$tees Mr A Beale . Chairt Mis5 P Tail Mr M Joiner Mrs J Sullivan Mys J Donovan MT D Patterson Mrs B Mccartby lTrdependeDt ExmlJJ¢r ESW Chartered Accountants 162-164 High Str¢ Rayleigb Ess¢x SS6 7BS
REPORT OF THE TRusfEES FOR THE YKAR ENDED 31ST MARCH 21)23 REFERENCE AND ADMINISTRATIVE DETAILS BaDkers Natwest BoDk Pl¢ B&8ildoD A Br4nth 29 East Walk B&sildoD Essex SS14 IHD Approved by order of the board of trustees on 23rd August 2023 and SigDed on its beIlf by.. Mr A Beale. Cbairnwi. Tntstre Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CASTLE poINr SOCIAL CAR SCHEME LIMITED Independent examiner's report ¢0 the of Caslk Poimt Social C*r Sebeme Limited ('the CompaDy') I rewrt to the charlty rnLsttts on my eXaMt of the acwuDts of th¢ Company for the year ended 3 1st MaTch 2023. Respon$lbllltl&q and basiq of report As the charity's ITuslees of the Company (d also IL8 dire¢tors for the pwposes of company law) you are TespK)nsible for the preparation of the accounts in rd)nG¢ wtth th¢ r¢quir¢ments of the Companies Act 2006 (tbe 2006 Ace). Having satisfied mys¢lf that the attOu[ of the Compary art not TequiTed io be audit1 under Part 16 of th¢ 2006 Act and are eligible for independent exaTninalion, I rew)rt in of Tny examination of your Charity5 acc4)unts as ¢arried out under S¢ctiOD 145 of the ChaTities Act 2011 Cthe 201 l Acv). In carying out my exomitiation I have followed the Direction5 given by the Charity Commission under Section 145(5) (b) of the 2011 Art. Independent exxmlDer's statement I hav¢ completed my exatnitiation. I confirni that no matteTS have c()me to my attention in connection with the examination giving me cause to believe: accounting rewrd$ w¢re kw in Yespect of the Company as requiTed by Se¢tion 386 of the 26 Act. or the accounts do not accord with those records" or the accounts do nol comply with the accounting requirem of Section 396 of the 2006 Aa other than any requirement that th¢ xcounts giv¢ a tru¢ and fair view which is not a Tnatter ¢on8id¢T¢d as pfyrt of on independent examination; or the accounts have not been prepued in arcordan¢¢ with the methods and principles of the Ststement of R¢rnMended Practice for ac¢ounling and r¢w)rtiDg by choriiies (applicable lo charities preparing their accots aGcordanc¢ with Fir1¢181 Reportin8 Standard applicabl¢ in th¢ UK and Republic of Ire18nd {FRS 102)). I have no concerns and have come a¢r05s no other rnatters in connection with the ¢xamin&tion to Woich attention should be drawn in this report in order to enabl¢ a proper ynderstsndin8 of the accounts r¢a¢h¢d. kn¢1 ES 162-164 Rayl¢igh E8$ex SS6 7BS 23rd August 2023
SrATEmE OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31ST MARCH 2023 2023 2022 fuDd fitnds fimds INCOME AND ENDOWMENTS FROM Donalions and lewi¢5 24.156 24,156 46.168 Chrltabit etlvfitks Big Lottery Fund Charitable 27,193 10.572 4.948 4,948 Other trading activities InveStent income Other income 82,698 396 613 82,698 396 613 55.257 12 Tot*l 112.811 112.811 139,202 EXPENDITURE ON Raismw fuDds 6240 ChArltAbk 8¢tfvitleJ Charioblc 168.f21 168.721 143,899 Other 1,978 1,978 2,038 Totsl 176,339 176.339 152,177 ET INCOMEIIEXPENDITURE) TraDsf¢rs between tsDdJ 163,528) 126,424) (63,528) (12,9751 13 26.424 Net movement ID fund5 (89,952) 26.424 (63,528) 112,9751 RECOIYCILIATION OF FUNDS Total funds brought fon¥8rd 138212 28.346 166,558 179,533 TOTAL FUNDS CARRIED FORWARD 48,260 54,770 103,030 166.558 Pag¢ 8
CASTLE poIKr SOCIAL CAR SCHEME LIMITED BALANCE SHEET 31st MARCH 2023 2023 2022 Total fimds funds FIXED ASYSETS Tangibl¢ ass¢ts 10 46,476 CURRENT ASSETS Debtors Prepayments and accrued illcome Cth at bAnk 5.523 4.964 57.551 5.523 4,964 112.321 4.033 5,631 140,451 54.770 68.038 54.770 122.808 150,115 CREDITORS Amounts falling du¢ within one year 12 (80.318) (80,318) (30.033) NET CURRENT ASSETS (12280) 54.770 42.490 120,082 TOTAL ASSETS LESS CURRE LIABILITIES 48260 54.770 103.030 166.558 NET ASSETS 48260 54.770 103.030 166.558 FUNDS Unrestricted fundy R¢s¢rict¢d fimds 13 48,260 54,770 138,212 28.346 TOTAL FUNDS 103.030 160.558 The chaTitabl¢ company is ¢ntÉded io exemption from audit under Section 477 of the Compani¢s Act 26 for the year ended 315t March 2023. The Tnernbers have not required the cornpany to obtsin an audit of its fmancial statements for the yeor ended 31 st March 2023 in 0rdnce with Section 476 of the Companies Act 2006. The trustees athJowledg¢ thetr resPOms1Thiliries for (a) ensuring that the charitsbl¢ ¢ompany keep$ CoUnting Ttcords that c(xnp]y with Se¢¢ion$ 386 gnd 387 of the Compwhies Act 2006 and prepormg financial statements which giv¢ a tru¢ and fair view of the state of affair5 of the charitrble Company as at the end of each fiT]ancial year and of its Surplus or defi¢il foT ¢¥h fMwKial year in accordance with the requirements of Section5 394 and 395 and wl]ich otherwise comply with th¢ requirements of the C(JmpwJies Act 2006 Telating to finan¢iY41 statements. so faT applicable to the charitable compgny. (b)
BALANCE SHEET- eontinwed 31ST hlARCH 2023 Th¢s¢ fiDallcial stal¢m¢nts have been wepared in accordance with the provtsions applithl¢ to clwitable COJDpani¢5 subject to the MpanIeS regime. The financial stat¢rn¢nts were approved by the Board of TTus*es alld authorised for issue on 23rd August 2023 aDd were S]ed on its behalf by. Th¢ not&% fonll port of these financial statements P¢ 10
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 21n3 ACCOUNTING POLICIES B•sts ofprep*rittg the fiDaneial statements The financial 5tht¢ments of the elwitable company, wbicb is a public benefit entity under FRS 102. ve been prepared in accordance with the Chariti¢s SORP (FRS 102) 'Accounting and Ren8 by Charitie5'. Ststement of Recornmcndcd Practi¢¢ applicable to clmrtties preparing their accounts in ac¢oTdanc¢ with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Finan¢ia] RetIll8 Stsndard applicable in the UK and R¢publie of Ireland, and the Compani¢s 2¢X)6. The financial 5tatrments have been pared und¢T th¢ historical cost onvention. All income 1$ re¢ognis¢d in the Statement of Financial Activilies On the chwity has entitlement to the fimds. it is probable the In¢on will be receiTrtd and the amouM be n1$ured Yeliably. Expendltur¢ Liabilities are re¢ognised &$ expenditiEre as soon as theTe is a legal or constnjctive obligation conjrnitting the charity to that expendilwe, li is probable thai a transfer of cnotl benefits will be required in settl¢rnellt and the amount of the obligation Can be nwur¢d reliably. Exwditut¢ 15 w)unted for on an ac£a]S b&si$ and has been t11fied under headings aw¢go1¢ all cthsi related to the cate80ry. Where costs cannot be directly attributed io particular headings Ilw h#ve been allocated io activiti¢5 on a b&4is consistent with the use of resources. TaDglble Ilied assets DepreCilOn 18 provided the followin8 aw]ua] rates in order to write off each 4s8¢t over its estimated use1 life. Fixtures and fittin8S Motor vehi¢le$ 25% on redu¢ti)8 balance on reducing ba]wK¢ Taxallo The charity is exempt from cOr10Th w on its charitable adiviiies. Fund Unrestrided fivJd$ ¢an be used in accordance with the ¢h8ritsble objectives * the di8¢reiion of the tru5teM. Restricted fimds can only be w¢d for particuknr restricted pUrySe5 within the objects of the clwity. Restri¢tion$ arise wh¢D srrtcified by the donor when funds ore raised for i)Hrticular restri¢ted purpose Furth¢T ¢xplanation of the nature Imd PUTPOS¢ of e?h f¢md is included in th¢ notes the financia] staiemeDts. OTHER TRADING ACTIVrnES 2023 2022 M¢mber5bip fres 18.520 64,178 13.690 41,567 82,698 55.257
NOTLS TO THE FINANCIAL sfATEMENTS- eontinued FOR THE YEAR ENDED 31ST MARCH 2011 INVESTMENT INCOME 2023 2022 Dep)sit COunt int¢ff 396 12 RaLglne donatlo•s and legaekj 2023 2022 Support ¢0S1g 5.640 6240 OTHER 2023 2022 Support ¢osts 1978 2,038 NET INCOMEI(EXPENDITURE) tncomel(expenditstre) is statrd after charg1¢edItima). 2023 2022 Depre¢i4ti0n- owned assets Other operating lease5 Surplu5 on disposal of fixed a5ts 13.038 1,600 {613J 11.700 (4.100) TRUSTEES. REMUNERATION AND BENEFITS There were no trit9. remcratIon or other beth for the year ended 31st March 2023 nor for the year ended 3 1st March 2022. Tr¥sttes' expeth There were trustee's expenses paid for the year ¢nded 31st M4tth 2023 nor for the year ended 31st March 2022. STAFF COSTS The aver88e monthly Dumber of employees dll the was a8 follows.. 2023 2022 Full time Part tim¢ No employees received etnolunknts ID exce of £60.(KIO. Page 12 continued...
CASTLE poINr SOCIAL CAR SCHEME LIMrrED NOTES TO THE FINANCIAL ATEMENTs- eoDtIDued FOR THE YEAR ENDED 31ST MARCH 21n3 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVIT Unrestricted Restricted fund fjjnds Total INCOME AND ENDOWMENTS FROM Donations and legacies 46.168 46.168 Charitsblt aetivitlej Big Lottery Fund Ch8rAthble 27.193 27,193 10,572 10.572 Other trlti8 Activiiies 55.257 12 55,257 12 Tot#1 112.009 27,193 139,202 EXPENDITURE OIY Raising fvnds 0240 6,240 Ch•rit8bk xctlvltles Charitsble 110,706 27,193 143,899 2.038 2,038 Total 124.984 27.193 152,177 NET INCOMEI(EXPENDITURE) TrnDJf¢Ts betweeD fufjds (12.975) (28.346) (12,975) 28.346 Net movement ID fund# (41.321) 28.346 (12,975) RECONCILIATION OF FUNDS Totsl fund5 brought for*wd 179,533 179,533 TOTAL FUNDS CARIUED FORWARD 138.212 28.346 166.558
NOTES TO THE FINANCIAL STATEMETrrrs- continued VOR THE YEAR Ef4DED 31sr MARCH 21)23 10. TANGIBLE FIXED ASSETS Motor vehicl¢s Totsls COST At 1st AprAI 2022 Addition5 10.696 2.759 159.618 27.796 (15.495) 170,314 30,555 (15,495) At 31$¢ March 2023 13.455 171.919 185,374 DEPRECIATION Ai 1st April 2022 Charge for y¢8r Eliminated on disp)sal 9,LNJ5 618 114,833 12.420 (12.042) 123,838 13,038 (12,042) At 3 1st March 2023 9.623 115.211 124.834 NET BOOK VALUE At 31st Marcb 2023 3.832 56,708 60.540 At 31st March 2022 ,691 44,785 46.476 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Tre debtors Other debtors 2.819 2.704 1.645 2,388 5,523 4.033 11 CREDITORS: AMOUNfs FALLING DUE WITHIN ONE YEAR 2023 2022 Tr* creditOT5 ial s¢curity and Oth tsxes Other ¢redi¢ors Accrued expeLs¢s 599 1.514 865 27,055 1557 1,129 77,632 80J18 30,033 Other CTedits)rs includw 4 BLF prepayment of £l1.352 (2022: £21352). Page 14
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL ATEMENTs- eoDthiued FOR THE YEAR ENDED 31ST MARCH 2023 13. Tratjsfers ovement At 31.3.23 At 1.4.22 funds Unrestricted fun Genernl fimd 138.212 (63.528) (26,424) 48,260 Restrl¢ted V¢hiele reserve Trips l Excursi8 28,346 25.154 1.270 53.500 1,270 28.346 26,424 54.770 TOTAL FUNDS 166.558 (63,528) 103,030 rnov¢ment in fimd& incl¥Jded in the above ar¢ as follows.. Incoming R¢50wc¢3 Movement expended in FJnds Unr¢atrleted thnds Generni fund (176.339) (63.528) TOTAL FUNDS 112,811 (176.339) (63.528) Comparative5 for w0vemet ID funds Transfers betsveen fund8 At 31.3.22 Ai 1.4.21 Unrestrlc¢¢d fumds General fiu 179.533 (12.975) (28.346) 138.212 Restrlct¢d fu*ds Vehicle T¢seTV¢ 28J46 28.346 TOTAL FUNDS 179.533 (12,975) 166.558
NOTLS TO THE FINANCIAL STATEMENTS- cothtlnued FOR THE YEAR ENDED 31st MARCH 2023 13. MOVEMENT IN FUNDS- eontinued Comparativ¢ net mov¢m¢nt in furth, illclth in the aknv¢ are as follow5: Incoming R¢S(m¢S Movement ources expended in funds Unrestricted fuDd5 General fund 112,009 (124,984) (12.975) Rejtricted funds Big L• Fund 27,193 (27.193) TOTAL FUNDS 139,202 (152,177) (12,975) A current year 12 months and prior year 12 months combioed FK)Sitiott is as follows: Net nKTrvemeDt in fwjds Transfers b¢h¥¢¢n At 31.3.23 At 1.4.21 Unrestrlettd fun G¢meral fund 179.533 (76.503) (54.770) 48.260 Rutrieted fuDd¥ Vehi¢l¢ r¢s¢rv¢ Tripj l Excur5iOn$ 53.5rA) 1270 53,500 1,270 54,770 54,770 TOTAL FUNDS 179.533 (76,503) 103,030 A curreni year 12 months and prior year 12 months ¢ombin*l net Iiiovement in fuT]ds, included in the al)ove are os follows: Incoming Resources resources expended Movement in fimds Unr¢stri¢t¢d fund3 General fid 224,820 (301 J23) (76.503) Restrleted Tun Bi8 Lottery Fund 27.193 (27.193) TOTAL FUNDS 252,013 (328,516) (76,503) The compyny had the following restrIrt funds thwing the year. (l) Tr Big Lottery Fund prowded for the tnajority of 0118 expensu aDd support costs. Page 16 CODlinued...
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTFS TO THE FINANCIAL STATEMEiYfs- tontlDued FOR THE YEAR ENDED 31 MARCH 2023 14. RELATED PARTY DISCLOSU There were no r¢latcd paTtyiransactions for the yeaT e4thd 31 Marth 2023.
DETAILED STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED 31ST MJiRCH 21J23 2023 2022 INCOME AND ENtK)WMENTS DonatiODS and iega¢ies Donations 24.156 46,168 Other trndin2 activities Membership fees Othtt 18,520 64,178 13,6 41,567 82.698 55.257 Investment Income Dep051t ac¢ouni inrest 396 12 Cbarltable clfvltleJ Grants 4.948 37.765 Other Income Gain on sale of tangIle fixed ossets 613 Tot•1 Intomlng re8ourees 112,811 139.202 KXPENDITURE Charltsbl¢ •dlvltl Wages Dead Mil¢ Fuel In$uran¢e and road tsx Maintenance Fixtures and fittings Motor vebi¢l¢$ 46.187 269 14.921 6.181 18,092 838 12.420 44,816 288 8,598 5,798 12,269 564 11,196 98,908 83,529 Support eojts Wages Rent Insurance Telephon¢ Postage and stlonery Advertislng Sundries Computer experL8es Fees Payroll 51,892 1,600 623 1,033 6,618 1,486 197 5,489 253 622 48,975 (4.100) 515 1,183 5.937 2.145 5.039 177 499 69.813 60.370 Page 18
CASTLE POINT SOCIAL CAR SCHEME LIMITED DETAILED STATEMENT OF FINANCIAL ACllVITIFS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 MaDagement FiDaiice FuDd Taising Bank chaTges 5,640 638 6.240 598 6,278 6.838 GoverD*Dc¢ rojts Accountancy 1.340 1.440 176,339 151177 Net ¢xpendlture (63.528) (11975)