REGISTERED COMPAPIY NUMBER: 03745415 (England and Wa1¢5) REGISTERED CHARftY NUMBER: 1076007 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 315T MARCH 2024 FOR CASTLE POINT SOCIAL CAR SCHEME LIMITED ESW Charter&J AccountaDts 162_164 High Street Rayl¢i¥h Essex SS6 7BS CASTLE POINT SOCIAL CAR SCHEME LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Report of the Trustees I to 6 IndepeDdent Examlner's Report ststemeot of FIDAnci*l Acrlvltles B41aDce Sheet 9 to 10 Note5 to tbe Financial Statements 11 to 17 Delailed Statement of FinaDcial Activitie J8 to 19 CASTLE POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The trustees who are also directors of the charity for the purposes of th¢ Companies A¢1 2006) prescnt their report with the financial statell￿nts of the charity for the year ended 319t March 2024, Tbe tn￿ee3 have adopted the provigions of Accounting and Reporting by Charities., Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard app]irabl¢ in the UK aDd R¢publi¢ of Ireland (FRS 102) (¢ff¢ctiv¢ l January 2019). Thi5 15 th¢ 25th report of the directOTS, a con]pany limited by guarantee and incorporated Under the CompaDies Act 1985 as a private company on I bt April J 999, The ¢u[up4￿Y is a15v a r¥giJl¢r¥d Lhurity numb¢r 1076007. OBJECTIVES AND ACTIVITIES Objecltve5 aDd aill The Company's fuT]damental objectlve is to provide a safe, Secure and acce&81TrJle c.ommunity Trdnsport Service to the residents of Casde Point who for age OT health related reasons are unable to access public transport. Prior to April 2011 the CompAny was bein8 financed under a Funding Agreement between the Company. Essex CouDty Council (ECC) and Castle Point Bomugh Council (CPBC). This Agreement expired on 3 1st Marcb 201 l and was not renewed by ECC and CPBC. In August 2Q I I the Company w&$ fortunate enough to be awarded a five year funibng pit of up to £359,S18 by The Bi8 Lottery Fund (BLF) and. in 2016, a further five year wt tolallins £3411,334. In 2023 the Schemc applied for and was awarded a want of £201,935 over 5 years (commcncing 0110612023) from The Big LoErery Community Fund (TBLCF), Aft¢r 51X rnODths it was clear that & period of hi￿ inflalion and the Government's declslon to substantially increase the National Mini7num Wage would severely impact the Budget submitted with our orfglnal app11L￿1on. During our first 6 monthly reportiD8 meeting we discussed this With the I"BLLTr' Funding Manager who su￿¢s1ed thal we apply for an additional 8rant, as they recognized the exceptioDal C1￿umstanCeS we and other charities were experiencing. An additional grant of £27,927 over the original graDts remaining period was awarded OD 06103r2024 with the first pwneni duc on 0210412024. We continue to source funding in the forn] of subscription fees. donations and fees for the use of Company vehicles by clubs and others, which constitutes all important revenue 50ur¢e. Th¢ s¢rYic¢ is provided:. (a) throu¥h thc provision of Conltnunity transport usit]8 3 Lompany owned mtni-buses, using approprialety MIDAS qualified employed and volunteer drivers. (b) the 3 Company owned mobility vehicles, using appropriately qualifi￿ employed and voluDteer driver5. (c) by 25 volunteer driver5 using their own vehicles (at the date of this Keport). Si8nifJcwnt gJctJvltles The principal activity of the company 15 the Provision of a community transport service for those restdents in the c￿tle Point Borough Council area who are unabl¢ to access conventional public transport becausc of impairni¢nt, age or lack of available public tr￿￿pOrt 5ervic¢s. St¥ff and Volunteers The dir￿tOrS would la(e to forn￿lIy record their thanks to all tho6c voluntccrs who GQT)tinue to forego thctr fr¢¢ tlme for the benefit of the organisation and the community. Without their 5UPPOrt there would be no social car or community tTan5Wrt schemes and their dedicatio￿ coupled wth the care and understanding shown to clionts, is mu¢h appreciated by all conccrned. The directOTS would also like to expr¢5s their 5in¢ere thunks tv those in5titutioDS and individua15 who hav¢ supported the company'5 fundraising actiYitlC5 over the past year and who have kindly donated funds to our caus¢. A list of the Trusts who have donatrd to our ¢aus¢ b¢ found at the end of this report. The management team consist5 of mal￿ger Jacqui Middleditch who, with L85iStaut manager Samantha Marc14 primarily ver the Transwrt side of the business. Lisa Taylor manages the Car Scheme Bookn'ng Office. We hav¢ a full-tirne driv¢r. Adam Ball. to cover longer distance journeys using one of the mobility wehicl¢s. The other mobility vehicles are driven by suitably qualified volunteer driver5. Of our 2 dcdiGated minibus driv¢TS, sadly Alan Mutton p&ssed away in Drfernber 2023 was replaced by Trevor Dobney in January 2024. Trevor and Della Jarvis now provide the main force for the rniniTrJus operations. and we hav¢ a pool of 4 5Uitably qualified volunteer drivers whoTn we use on an ad-ho ba5]5 for cithcT minibu5cs or rnobility Ca￿, Adam is ¢4)ntr&cted for 34 hours per week over 4 days and Alan ML￿on and Della Jarvis and Trevor Dobney are contracted on a zero hours" basis. Page I CASTLE POINT SOCIAL CAR SCHEME LIMITED REPOR T OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENT AND PERFORMANCE Car Scheme During the ycaT under review the volunteer ¢ar scheme and mobilty drivers completed 12845 journeys (2023.. 14981) carying 15865 clients (2023.. 17619) a total of 96960 miles. The car scheme membership in¢reased over the yeu to 1222. The Scheme's growth bas continued to recover in this period with the endin8 of Govenunent restrictions. Of the journeys 12845 above 2133 (16.60/0) were undertaken in ihe mobility vehicles. CommuDIty Transport Scheme During the year under review thL'rc were 911 journeys (2023.. 861) carrying 5331 clients (2023.. 4055). The service to 15 diffeTent welfare wups and clubs are provided. Altbougb the Government requirements regarding distancing and cleansiDE had ended by the start of this report, the Scheme has maintainejl enhanced cleansing regime on all the vchicles aDd voluntarily limited the number of pa5seDgMY th¢ minibuscs bcluw their desiglled rapacity. The chBrty is a member of the rA)mmunity transport association (No 39633). Publie Benefrt Requirement The Directors of the Company have read the Charity Commission guidance on "thc public benefit requirement when exercising any powers or duties to which the guidaDC¢ is relevant. This requires ¢vcry orgaDi5ation set up for one or more charitable aim5 to demonstrate that its aims are for the "public benefit" The two key principles of public benefit l) Th¢r¢ must be all identifiable benefit or benefits and 2) Benefit must be to the publiL or a 5e¢tion of the public. In looking to ascertain how the Company meets the above criteTi& it is nettssary to remind the reader of th¢ Compangs . The objective set oul in the Collwany's MemordDdum is th¢ provision of a CoTtHnunity TrdDSPQrt Service for those r¢5idcnts of Castle Point Borough who are unable to access conventional public tran5POrt b￿aus¢ Qf iTnPairn]¢Dt, age or lack of available public trallspjri 5erviccs. The Directors are of th¢ opinion that the CDmpany m¢¢ts the above key principle5 foT the following reasons -. ID relitloD to Prinefiple (l) a) the provision of a specific tronsport service to people who would not in tbe ordinary ¢ourse bc able to Usc public transport 15 Glearty J relief to thuye in need and as such qualifies under the Charities Act as a "cbaritable purpose" b) the benefit to the bencficiarics is clearly related to the aims of the Company. c) akbougb the provision of motori5ed tronsport has some harmful effect on the environment, the benefits are Gonsid¢r¢d to outweigb these coDr¢rns especially as it is Company policy to mitigY4te the effrd of C02 emissions wherever possible. ID relatiOD to Princlple (2) a) the bencfiGiarAes are spe¢ifirally aligned to the Company's aims. b) althougb the public benefit is restricted under the aim8 to the impalred or dlsadvanraged residents of Castle PoinL the number of regisiered beneficiarie5 coupled with the numbLT L)f rL¥idents who are eligible to qualify such 15 CQtL5idcird to be 5ufficiendy wid¢ as to be not unreasonable for public ben¢fit purposes .Individual scheme members arc required to pay an annual sUbscri￿10n of £20. This level of fee is not unreasonable and shuuld not deter or exclude merllbership by virtile of iDabi]ity to pay howcver. should th¢ Scheme be made awarc of extreme bardybip. thr TNstccs havc adoptcd a poli￿ of off¢rillg a 3 monthly subscription of £5. Transport charges are CQDsid¢red very compctitive comparLd to the private sertor. c) people An poverty ar¢ Dot excluded from Ihc Scheme and ID f￿l b¢nefit from il the level of fr¢s And ¢harg¢s ￿ not seen as a bar to entry, d) any private benefits from runnin8 the scheme would be incidenTal. Page 2 CASTLE Poll￿ SOCIAL CAR SCHEME LIMfTED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 FINANCIAL REVtEW Principal funding sourees As mentioned above the Company secured a third 5 ycar funding gr￿t from the Big Lottery Community Fund eornrnèfieing on 0110612023. We continue lo monitor the Ouwomes" iecorded Is a requircrncnt for thc pr¢viou5 BLF funding and intend to achieve the following for older people and people with disabilities livin8 within the area of Castle Point Borougb Council,. a) Reduced isolation and social exclusion b) Improvement in physical bealth and mental well being c) To n￿intain ind¢p¢ndence. Detailed Statement of Flnancial Activltles It will be seen from thc accounts to this Report that total incoming resources for tbe period UDder review 8mounred to £229.427 (2023: £112,811). This sum is made up from members subscriptions £22,065 (2023: £18,520), donations of £147,745 (2023: £24.136). Government gtants of £Nil (2023: £4,948) and other of £59,617 (2023: £65,187). Totsl resources expended for the Ye￿ amounted to £187.971 (2023: £176.339) . Of this forn]¢r surn £102,768 related to opcraiing expenses. £70,779 to administrative Eosts, £1,744 to governance costs and £12,680 to fimd raising. Tb¢re was an overall net operating profit for the year Cnded 31st March 2024 of £41.456 (2023: Loss £03,528). DoDations increased thi5 year along with merni*rs sub8CriPtions, contract inwme slightly decreased during the year. Operating expenses and administrative costs both increased glightly. Balance Sheet At year-end Totsl Funds of the Cornpany amounted to £144,486 (2023,, £103,030) of which Done were restrl¢t¢d fijnds (2023: £54,770). Fix¢d Assets increased to £109,880. Total current assets amounted to £73,002 which iDcludes cash at bank attribulable to the CoMp￿Y of £64,859. Net current &S5ets totalled £34,000. Tnvestm¢Dt policy and objectives Under its MemoTaDdum and Articles of Associatio￿ the Company bas the power to inv¢st In any w&y the Tr￿stee Directors deem appropriate. lThe Financial Mana¥er having re8ard to tbe liquidity requirements of the Company and to thc ￿SerVeS poli￿ currently maintain thc available funds in inlcrc5t bearing dcp05it accounts and continualty monitor the maTket lo ensure IhL fdte achieved is competitiv¢ with simllar saf¢ investment opporttinities. Reserv￿ policy The Company's policy going forward is to gradually build reserv¢5 to the point wfjere it ha5 sufficient liquidity to meet any replacement vehicle r¢quirernents. As at 31 March 2024 the Company had unrestrirted free reserves (nel of fix¢d sets) of £34,606. The r¢serve5 policy currently maintain the available funds in interest bearing d¢posit accounts and ntinually monitor the market to ensure the rate a¢hiev¢d is competitive with similar safe inv¢sln]enr opporttmitles. Page 3 CASTLE POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 FUTURE PLANS The granrfs) awarded by TBLCF will enable the Directors to build upon and enlarEe the CoJ)]munity TranS￿rt schemes. Car schemc client membership has increascd from 533 tu 1222 (please refer to the "Achievement and Perfonnance section) up until the end of March 2024. The rationale behind TBLCF funding is to enable us to reach out to as many older people and people with disabilities as possible living within the borough of Castle Poini who, for whatever reason. find themselves unable to Usc public transport. Our aDllual survey of a random sample of 200 members of the schem showed that w¢ are continuing to meet our objective of improving the physical and mentsl well-being of Castle Point residents through ihe provision of romlnunity car and mini-bu5 transportation, with OVLT 960/0 saying that their health and mental well-being bad improved. Although the provision of the Scheme can be challengiDg, it is highly rewarding and the Directors, 8tFdff and Voluntee￿ of the Compatry will corjtinue to use their b¢sl endeavours to see thai those within the borough who need support receive it. We continue to monitor the age of our fleel aD4 subjecl to fwjding being r¢ceived, re lookin8 to TLylace our oldest vehicle during the next ycar. The award of thc grant will enabl¢ thi cornmunity transport Schemes to recover from the longer cfferts of the pandemic and provide ￿a[cl support to the membcrs of the community, who are still atrccted disproportionally by the longer tem] ¢ffcGts uf th¥ r¢3triction3 prrviously imp03ed by tbe Goven]ment. Wc wiu continue to provide transport facilities for the elderly, maimtaining our core service of local journeys, whilst also continuing to undLrtake longer journeys, for both individuals and groups in ￿lation to social outing5 and holida>s. The overall objective of reducing isolation ond improving the physical and mental well-beitig of the elderty remains a cornerstone uf ow projecL The Trust¢es have no reason lo supposc that th¢ Chartty will be unable to meet Its commitments over the ensuin8 financial year. A5 has been reported ID the press the m¢ntal and social effects of the reC￿￿ing lockdowns have had a contiDuln8 detriinental effect on our membership. which will idke many years to recover from. We are very ple¥sed with the uptake of our d4y trips and huve, sillLe the ending of restrictions. continued to build our Social and Minibus services. We plan to continue this growth throughout the coming year. The 'l'rustees would like to thank all of our staff and volunteers for all their efforts in continuing to 8row and improve the Scheme. STRUCTiIRE, GOVERNANCE AND MANAGEMEIYT Guvernlng doeumeDt The company is gov¢med by its Memorandurll and Article5 of Association. Application for voting membership of the company may be rnade by any eligil)le user of the service ll￿n their undertaking in writing to ¢ontribul¢ such amount as may be require4 but not exceeding £1 (one POUDd), for the payment of debts and liabilities of the company in th¢ evenl of its winding up. Thcrc ure currently 41 voting members of the cornpany. Forn￿ for application for voting membership may br obtsined from the otTice. Reeruitment and appointment of new trustLYS The Trustee Dire¢tvrs have overnll Tespon.qibility for ensuring the Company is run to acbieve its objects within the eonfineg of it5 govetning d￿uMent alid the law. There were Se¥￿ directors iD offiGe during the whole period under review. All the Directors ate volunteers and bring special knowledge or experience in matter5 relating to the company's tivities. No director in their capacity as such or any P¢T50n ¢onnected to a director received any payment other than on norn]al commercial b&sis from the company during the period. Tbe post of ¢ompany secretary been dispensed with. The directors continue to look to appoint new peopl¢ to the managing committee of the Board. New management committee members shall be elcctcd individually at the AGM. The directors may co-opt up to two other persons to fill any vacancy on the managemenl Committee. Pevsolls Co-opted must seek re-eleclion at th¢ n¢xt following AGM. Page 4 CASTLE poINr SOCIAL CAR SCHEME LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR EY4DED 31ST MARCH 2024 STRUCTURE, GOVERIYANCE AND MAY4AGEMENT Managemtnt The cL￿Tc￿l strdtUS IS Fvlluv¥s.' Op￿atiOntI1 decision3 Bro madc on u doily basis by Jacqui Middleditch, general rnana8er, in con5ulration with the Chair of the Twtees if necessary. Samantha March, 8ssistsnt transport manager. organises the trips lind minibus op¢r&tions and deputise5 for Jacqui when she is not in the office. Lisa 'l'aylor maT]ages the Car Scheme booking office. All matter5 of policy, procedure and financial control, having regard to all regulatory and statutory controls. laid down by the director5. The contracted hours ar¢ - Jacqui 21 hours, Sam and Lisa 28 hours. Supporting these managers are some 31 voluntary staff of which 25 are volunt¢v drivcrs and 6 are office-bascd admin assistants. Sume of the offic¢ staff, and some M￿￿e5. wurk & dual rol¢ as driv¢r5 but are onty count¢d on￿. Of the three paid drivcrs. one is contracted for 34 hours per week. th¢ other two arc on a "zero hours" contract. DBS cbcGks are taken on all paid staff and volunteer5, Acconlrnodation The ￿MpanY operates out of an office ¢on515ting of three rwms located in the Tyrells Centre in Benfle¢t. Esscx for whicb it curr¢ntty pays rent to Essex County Council. The "current" lease was issued on 1311112020 and ran from June 2015 unlil 25th March 2022. This h&8 now expired; we have not yet been advised when the subsequent Lryse will be issued although we have no concerns over the Le￿e continuing. IDdu¢tlon and tralnlng of Dew trustees New Trustee DiTectors undergo an orientation period to enable thern to understand their legal obligations under charity and company law and undcr the MemoraDdurn and Articles of A55QGiation. The Board fill)Ction and dciision making process is explained to them and re¢¢nt financial data is made available. They are invited lo attend Board meetings and are 8iven Chariry Commission publications in relation to the duties of trustees. LIST OF GIiANTEF.S REFERRED TO ON PAGE I {IN ALPHABFTICAL ORDER) Albcrt &luni Trusi Amiry, Augustine Courtauld I ruSL Blakemore Foundation, Cbaris Trust, ChaTl¢s S French Charitsble Trust, Dora Rebecca Fine Charitable TrusL Edgar E Lawley Foundatiow Essex Community Foundation, Fitton Trust, Fowlcr Smith & Jon¢s Charitable Trusl Garfield w¥¥Iv￿ Fvundatiou, Hob50n Charity L¢d, Iron Bri￿¢ Trus1, John Horseman TTU5I Big Lottery Community Fund, POA Welfare Fun(L ROSCA TNSL SteveD Blocb Image of Disabilty Charilable Trus¢ Tudwick Foundation, WO Strcet Charitable Foundation. In addition, ther¢ were granis from fJv¢ other Trusts who wish¢d to remain anonymous. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Dumber 03745415 (England and Wales) Registered Charlty number 1076007 Reglstered office Th¢ Tyrells Centre 39 SeamoTe Avenue Benfleet Essex S'S7 4EX Trust¢ Mr A Beale- Chairman Miss P Tait Mr M Joiner Mrs J Sullivan MT5 J Donovan Mr D Pa￿rSOn Mrs B Mccarthy Page 5 CASTLE POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS IndcpeDdenl Eyaminer ESW Chartered Accountants 162-164 High Streel Raylcigh Essex SS6 7BS Baoke Natwest B8nk PIC Basildon A BraDLh 29 E&81 Walk Basildon E¥5rx SS14 IHD Approved by order of the b)ard of trustees on .. . and sisll￿ on its beh￿f by: Mr A Beal¢ - chairni￿ - Trustee Page 6 ITr4DEPENDE￿ EXAMINER'S REPORT TO THE TRUSTEES OF CASTLE POINT SOCIAL CAR SCHEME LIMITED IndepeDdeDt eJr4miDer's report to tbe trust￿ ofCa3tle Point Social Car Scheme Limited ('the Company,) I repon to the charty trustees on my examination of the accounts of the Company for the yeaT ended 3 1st March 2024. Re5POll5ibilitks and basls of report As th¢ charity's trustees of the Compgny (and also its director5 for thc PUTWSCS of cOmp￿Y law) you ar¢ responsible for lh¢ pr¢pututivu vf tbe accounts in accordancc with thc rcquiTcm¢Dts of the Compauies Act 2006 (the 2006 Act,). Having satisfied D]Y￿lf that the accounts of the Company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examinaiion, I report in respect of my examinatlOD of your charitys accounts as carried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In caryiDg out my ex8min*ion I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's 5tatemeDt I havc completed my exalnination, I wnfirni that no D￿tter$ have come to my atteT]tion in connection with the xaminalion giving me cause to believe.. accounting records w¢r¢ not kept ID r¢spect ol.the Lompany ag required by Section 386 of the 2006 Act: or the accounts do not accord with those ieGords' or th¢ accounts do not comply witb the acrounting requirements of Sertion 396 of the 2006 Act other than any requirem¢nt that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or the ￿cOunt5 have not been prepared in accordance with the methods and principles of the Statement of Recommendcd Practice for accounting and reporting by charities (applicable to Charities prepartng their accouDts in accordanc¢ wlth th¢ FinaThGiaL Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and bave come across no other matters in connection with the examination to which attention should be drawn in this Teport in order to enable a proper UDderstanding of the accounts to b¢ r¢arh¢d. Slcp ESW 2-164 High S Rayleigh Essex SS6 7BS Accoun ts Date.. o( Page 7 CASTLE POINT SOCIAL CAR SCHEME LIMITED STA TEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Total fimds 2023 Totsl fi]nds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMEKTS FROM Donations and legacies 142,745 5,000 147.745 24.156 Charitable activities Churilable 4,948 Other trading activitie5 Investmenl iDcome Other income 81.721 787 {826) 81.721 787 (826) 82,698 396 613 Total 224,427 5.000 229,427 112,811 EXPENDITURE ON Raisitig funds 11,980 11,980 5,640 Charitabk Actlvllles Charitable 173,547 173,547 168,721 2.444 2,444 1,978 Total 187,971 187,971 176.339 NET JNCOMEI(FXPFIYDITURE) Transfers between fund¥ 36.456 59,770 5,000 (59,770) 41,456 {63.528) 13 Net movemeDI in funds 96,226 {54,770) 41,456 (63,528) RECONCILIATION OF FUNDS Total funds brought fonward 48260 54,770 103,030 166,558 TOTAL FUNDS CARRIED FORWARD 144,486 144,486 103.030 The notes foTtll part of these fuk￿ClaI statements p￿￿￿ R CASTLE POINT SOCIAL CAR SCHEME LIMITED BALANCE SHEET 31ST MARCH 21J24 2024 Total fijnds 2023 Total fi￿dS Unrestricted fund R¢stricted funds FIXED ASSETS Tangible assets I09,880 60,540 10 109,880 CUIUiENT ASSETS Debtors Prepa)TreniS aDd ac¢n￿d income Cash at baDk 3.321 4,822 64.859 3,321 4,822 64,859 5.523 4,964 112,321 73.002 73,002 122.808 CREDITORS Amounts falling due within one year 12 (38,396) (38,396) (80.318) NET CURRENT ASSETS 34,606 34,606 42,490 TOTAL ASSETS LESS CURRENT LIABILITIES 144,486 144,486 103,030 NET ASSETS 144,486 144,486 103,030 FUNDS UnrestrTCted funts Restricted funds 13 144,486 48,260 54,770 TOTAL FUNDS 144,486 103,030 The charitsble company is entitled to exemption froTn audit undw S¢dion 477 of the Companies Act 2006 for th¢ year nded 31 st March 2024. The members have not required the cornpany to obtain an audit of its fin&ncial stthm¢nts for the year ended 3 1st March 2024 in accordance with Sectlon 476 of the Companies Act 2006. Th¢ trustees acknowled8e theyi responsibilitles for (a) ensuring that thc chaTTtable company keeps accounting records that comply with Scctions 3 86 and 387 of the Compallies Act 2006 and (b) prcparing financial stalements which &¥ive a true and fair view of the state of affairs of the charitable company as at the end of Cach fillancial year and of its surplus or deficit for each finaDcial year in accordance with the requirements of sedi0￿8 394 and 395 and which othenvise comply with th¢ rcquirements of tbe Companies Act 2006 relatiD8 to fmancial statements. so far as applicable to the charitable company. The notes forn part of these financial statefft￿ts CASTLE POINT SOCIAL CAR SCHEME LIMITED BALANCE SHEET - coDtiDued 31ST MARCH 2024 These financial stat¢ments have been pr¢pared in accordance with the provisions applicable to chaTitable companies subject to the srnall companies regime. an¢ial ta*mcntS WeTe approved by the Board of Trustees and au¢horis¢d for issue and were sigTJed (m its behalf by., on Mr A Beale - Chairman - Tn￿tte The notes fonn part of these fmallci￿ *a¢￿ents pA￿p in CASTLE POINf SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTJF4G POLICIES Basis of prepf4riD% th¢ fin&neL81 st9tomenls Thr JialrAus11ts OE th¢ charitabl¢ fjettpanyi whioh 10 4 publio bgllgfit •ntty linder FRS I n2, hHve hp.p.n prepared in accoTdanLe with the Charities SOIiP (FRS 102) 'Accounting and R¢porting by Charities: Staternent of Reconllnended Practic¢ applicablc to charities PTcparing thcir dccounts in aLcordaDce with the Fin#D¥ial Rcporting Standard applikabl¢ in the UK and Republic of Ireland IFRS 102) (effective l January 2019),, Fin8ncial Reporting st￿dard 102 'Thc Financial Reporting Standard applicable in the UK and R¢publiG of Ireland, and the Companies Act 2006. The financial statement$ have been prepared under the historAcal cost convention. Income All income is recv¥nised in the Statement of FinanLial Activiti¢s once ihc charity has entitlement to thc funds, it is probable that the income will be received and thc wnuunt can b¢ measured reliably. Eiptnditur¢ Liabilities are recognised a5 expenditure as soon as there is a l¢ga] or constnjctive obligation con￿lttIng the chariry to that exp¢nditLwe, it is probable that a transfer of economic benefits will be required in settlement and the arnount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been ¢lassif)ed under headings that aggregate all Cost related to the catc¥ory, Where costs 4aDnot be directly attributed to particular headings they have b¢¢n allocated to activities on a basis consistent with the use of resOu￿¢s. Tangible Ilxed assets Depreciaiion is provided at the followlnR annual rate¥ in order to write off cach asset over its estimal¢d useful life. Fixtures and fittings Molor ￿hl¢l¢S 25% on reducing balance 20Yo on reducing balance TaIatioD The charity 13 exempt from corporation tax on its cbaritable activitlC5. FuDd Ydecounting Unrcstricted funds can b¢ uscd in ac¢ordan¢e with the charitabl¢ objectiv¢s at th¢ discretion of the trusltts. Restrictcd funds can only be used for particular restricted purposes within the objects of the Chaiity. Restricllon$ arise when specified by the donoT or when funds are r&i5ed for particular restricted purposes. Furtb¢i ¢xplaDation of the nature and purpose vf each fijnd 13 inGlud¢d th the tv th¢ f￿anCIal stat¢m¢nts. OTHER TRADINC ACTIVITIES 2024 2023 Membership ftes oth 22,065 59.656 18,520 64,178 81.721 82,698 Pa¥¥ 11 continued... CASTLE POIIYT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH2024 INVESTMENT INCOME 2024 2023 Deposit account interest 787 396 RAISING FUIYDS Raislng doDatlOD$ and legacies 2024 2023 Support costs 11,980 5,640 OTHER 2024 2023 Support costs 2,444 1,978 NET INCOMEI(EXPENDITURE) Net ittcomel(exp¢nditurc) is stated after char81n￿(cr¢ditin￿),' 2024 2023 Depreciation - owned assets Other op¢rating leases