REGISTERED COMPANY NUMBER: 03745415 (England and Wales) REGISTERED CHARITY NUMBER: 1076007 REPORT OFTHE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 FOR CASTLE POINT SOCIAL CAR SCHEME LIMITED ESW Chartered Accountants 162-164 High 8tre¢t Rayleigh Essex SS6 7BS
CASTLE POINT SOCIAL CAR SCHEME LIMrrED CONTEIYTS OF THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Page Report of Ihe Truslees Independent Examiner's Report StalemeDt of Financial Activltle8 Balance Sheet Not¢s to the FlnAnelAI StatementB 10 to 16 DetAiled Statement of Fin2ncial Aellvldes 17 to 18
CASTLE POINT SOCIAL CAR SCHEME LThIITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The trustees who aTe also directOTS of the cknty for the purposes of the Companies Act 2006, PTesent their report with the flnancial statements of th¢ ¢lwity for the year ended 3 Isi March 2025. The tntstees have adopted the provisions of AccountinE and Reporting by Chatiiies: Statcmcni of RcCon]Mcnd PrdctsG¢ appliGabl¢ to chanU¢s pr¢paring their accounts in accordance with th¢ Financial Reportmg Standard applicable in the UK and RepubliG of Ircland (FRS 102) (elYc¢tive l January 2019). This is the 25th report of the directors, a company limited by guarantee and incorpordted under the Companies Act 1985 as a private company on 1st April 1999. The company is also a rL'gisl¢red charity number 1076007. OWECTIVES AND ACTIVITIES Objectlves and aimj The coMpanS fiJDdamentsl objective is to provide a safe, secure and accessible Community Transport Service to the residenls of Castle Point who for age or health related reasons are unable to access public transport. Prior to April 201 l the Company was being fiwdnced under a Funding Agreement be(we¢n the Company, Essex County Council (ECC) and C&sile Poinl Borough Council (CPBC). This Agreement expired on 31 st March 201 l and was not renewed by ECC and CPBC. ID August 201 l the Cotnpany w&$ fortuniLle enough to be awarded a f)vL' year funding grant of up 10 £359,518 by The Big Lottery Fund (BLF) and. in 2016. a fither five Ye gffdnt iotalling £348,334. In 2023 the Scheme applied for and awarded a grani of £201,935 ovcr 5 years (cornmencin8 0110612023) from The Big Lottery Community Fund (TBLCF). Aficr six months it was rlear that a period of high infiation and the Governmcnl's decision to substaniially increase th¢ National Minimum Wa8e would severely impact the Budget submitted with our original application. DurAng our fst 6 monthly repvrting m¢eting we discwed this with the TBLCF Funding Manager who suggesied tha¢ we apply for an additional granL as they recognized the exceptional Circumstances we and other ¢hariiies were experiencing. An additional grani of £27.927 over the original grants remaining period was award¢d on 0610312024 with the rst payment due on 0210412024. We contitiue to source funding in the forn) of sUbriptIon fees. donations and fees for the use of Company vehtcles by Clubs and others. which constitutes an important revenue source. Thc scrvicc 15 provided'.- (a) through the provision of conAunIty tsan5POrt using 3 Company owned mini-buses, using appropriately MIDAS qualified employed and volunteer drivers. (b) the 3 Company owned mobility vebicles, using appropriately qualified employed and volunieer drivers. (c) by 25 volunteer dn'vers using th¢ir own vehicle5 (at the date of this Rq)ort). Slgnlfleant Aetivlties The prinuip¢il activily of the company is the provision of a Gommunity transport servicc for thos¢ residents in the Castle Point Borough Council area who are unable lo acccss wnveniional public transport because of llnpajrnient, age or lack of available public transport services. Staff and Volunteers The directors would like to fornmlly re¢ord their thanks to all those volunteers who continue lo forego their free time for the beneKt of tht ¢r8ani¥¥4tion and the conyrnuxllty. Withou¢ their support ¢h¢rc would b¢ no so¢ial car or ¢oxnmunity trangport gehemes And their dedicAtiort, eoupled with tk* core and understanding shown to clients, IJ much appicriatcd by all concerned. The directors would also like to exprc55 their sinc¢ thank¥ to those institutions and individuals who have 5UPPOrted th¢ company's fimdraising activities over the past year and who have kindly donated fimds to our cause. A list of the Tnlsts who have donal¢d to our cause will be tound at th¢ ¢nd of thj's pOrt. The managernenl leam cont>iStb of manager Jacqui Middlediich who, wilh &ssistant manager Samantha marc primarily cover the Transpon side of the business. Lisa Taylor manage5 the Car Schcme Booking Office. We have a full-time driver, Adam Ball, lo cover longer distance journeys using one of the mobility vehicles. The other mobility vehicles are driven by suitably qualified voluntcer drivers. Of our 2 dedicai¢d minibu5 driv¥r>, iadly Alan Mutton passed away in Der¢mber 2023 and was replaced by Trevor Dobney in January 2024. Trevor and Dclla Jarvis now provide the ma force for the minibu5 operations, and we have a pool of 4 suilably qualified volunteer drivers whom we use on an ad-hoc basis t-or either minibuses or mobiliry cars. Adam is conCled for 34 hours per w¢ck ovcr 4 days whilst Della Jarvis and Trevor Dobney are contracted on a "zero hours" basis. Page I
CASTLE POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 202S ACHIEVEMENT AND PERFORMANCE Car Schemè During the year under review the volunteer car scheme and mobilitv drivet5 cornpled 11,255 journeys (2024.. 12,845) caTrying 13,988 clients (2024: 15.865) a total of 91,262 mile5. The car scheme m¢mber%hip increased over the year to 1.277 (2024,. 1,222). Of the car journeys approximately 16 /D were undertaken in the mobility vehicles. Community Transport Scheme During the year under review there were 1,050 journeys (2024: 911) carrying 7,370 clients (2024.. 5,331). The service to 18 different welfare groups and clubs are provided. Th¢ charity is a memb¢r of the commuoity trdnsport association (No 39633). Publlc Beneflt RequiremeDt The Directors of th¢ Company have read tbe Charity CoMmi10n guidance on "the public benefii requirement" when exercising any powers or duties to which the guidance is relevant. "fhis requirus every organisation sct up for onc or rnore charitable aims to demonstrate that its aims are for the "public bencfit Th¢ two key principles of public benefit l ) There must be an id¢ntifiable benefit or benefits and 2) Bencfil must be to the public or a section of the public. In looking to ascertain how the Company rneets the above criteria it is necessary to remind the reader of the Companls aims. The objective set oul in thc Companys M¢mordndum is the provision of a Community Transport Scrvice for those residents of Castle Point Borough who are unable to access conventional public transport becausc of impainnent, ag¢ or lack of available public transport services. The Directors are of the opinion that the Company m¢¢ts the above kcy principles for the following Te&sons -. In relation to Printlple (l) a) the Provision of a specific transport service to people who would not in thc ordinary course b¢ able to us¢ public transport is Clearly a relief to those in need and as such qualifies under the ChaTities Act as a "Gharitable pury)ose" b) the benefit to the beneficxaries is clearly relatcd 10 the ainLS of the Company. c) although the provision of rnotorised transport has sorne harmthl effect on the environment, the benefits are considered to outweigh these concerns especially as it is Company policy to mitigate the effect of C02 emissions wherever po]ble. ID relgtlon to PrlD¢Sple (21 a) the beneficiaries are spe¢ifi¢ally aligned to the CoMpanS ain]s, b) although the public benefit Is restricted und¢r the aims to the impaired or disadvantsged residents of Castle Point, the number (yf regi4tered heneficiaries coupled with the nurnber of residenls who are eligible to qualify as such is considered to be suificiLntly wide as to be not unreasonable for public benefit PUTposes .Individual scheme members are requircd to pay an annual subscription of £20. This level of fee is not unrcasonable and %hould not dctcr or exclude membership by virhje ¢)f inability to pay hawever. Ahnuld ihe gcherne be nde #ware of extr*me hardship? the Trust••s Ilve adOPd policy of offerin8 g d monthly gubRCriPtion of £5. Transport char8es are eonBideT¢d v•ry competitive ¢ompared to th¢ private sector. c) people in povety are not excluded from the sGhcme and in fact benefit from it. the level of fees and Charges are not seen as a bar to entry, d) any private benefits from running the scheme would be incidenlal. Pag¢ 2
CASTLE POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 FINANCIAL REVIEW Principaj funding sources As menlioned above the Company secured a third 5 year funding grani from the Big Lottery Community Fund conurnCIllg on 0110012023. W¢ coniinuc 10 monilor thc 'Outcomcs" rccordcd a5 a rquirom¢ni for th¢ pVIouS BLF fjIding and intend to achieve the following for older people and people with disabilities living withlli thc ar¢a of Castle Point Borough Council: a) Reduccd i501ation and social exclusion b) Improvement in physieal health and mental well being ) To maintain independence. Detailed StAtemeDt of Finanelal Activitles It will be seen from the accounts to thLS Report that total incoming resources for the period under revicw amounted to £204.205 (2024.. £229.427). Tbis sum is made up from members subscriptions £23,824 (2024: £22.065), donalions of £34,050 (2024.. £147,745), Governmeni grants of £70,608 (2024.. £Nil) and other of £75,723 (2024.. £59,617). Tothl r¢sources expended for th¢ year amount¢d to £194,959 (2024: £187.971) Of this fomier surn £99,380 related to opcrdiing expenses, £2.943 10 administraliv¥ iosts, £1,901 to governance costs and £1 0,733 to fund raising. There w an overall net operating surplus for the year end¢d 3 1st March 2025 of £9,246 (2024 . £41,456). Donations rcduccd this year, whereas members subscriptions increased slightly, contract incomc incre&sed during the year. Operating expens¢s reduced during the year, mainly due to donation towards vekn'cle maintenanG¢, with administrative costs increasing. Bolan¢e Sheet At year-end Totsl Funits of the Company arnounted to £153,732 (2024.. £144.486) of wkn'ch none were restricted fLmds (2024: £Nil). Fixed Assets lotall¢d £98,899. Total current &ssets amounted to £97,680 which in¢ludes cash at bank attributable lo the Company of £88,277. Net curr¢nt &ssets totalled £54,833. Investment policy And obJe¢tlves Under its Memorandum and Articles of Asso¢iation, the Cornpany has the power lo invesl in any way the Trustee Directors dcern appropriate. The Financial Manager having regard to the liquidity requirements of the Company and to the rL'ycrves policy currcnily maintsin the av8ilablL funds in intLresl bcaring dLp05it aLcouniS and continually monitor the market to ensure the rate achiL'ved is compLtitive with %imilar safe investhieni opportunilies. Reserve% polley The Compangs polACy 80ing forward is to gradually build re&erves lo the point where il has sufficient liquidity to m¢¢t any replacement vehicle requirements. As at 31 sl March 2025 the Company had unrestricted free reserves (n¢1 of fLxed assets) of £54,833. Thc reserves policy currently maintain the available fvnds in interest bearing deposit accounts and continually monitor the market io ensure the rate achieved is competitive with similar safe investment opportunities. Page 3
CASTLE POIYT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 FUTURE PLAIYS The granl(s) awarded by TBLCF will enable the Director4 to build upon and enlarge ihe Conununity Transport schemes. Car scheme client membcrshtp has increased from 1,222 to 1,277 (please refer to the "Achievement and Perfonnance" section) up until the ¢nd of March 2025. The rationale behind TBLCF funding is to enable us to reach out to as many older people and people with disabilities as possible living W1.n the borough of Ca511e Point who, foT whatever reason, find themselves unable to use public transport. OUT aTmual survey of a random sample of 200 members of thc %cheme showcd that we are continuing to meet our objective of improving the physical and mental well-being of Castle Point residcnts through the wovision of community car and mini-bus transportation, with over 96010 saying that their health and mental well-being had improved. Although ihe provision of the Slheme can be chxllenging, it is highly rewarding and the Directors, stsff aThd voluntcers of the Company will continue to use their best endeavours to see that those within the borough who n¢¢d 5uppori r¢ceive it. W¢ continue to monitor the age of our fleet and, subject to funding being re¢eivcd. are looking to replace our oldest vehicl¢ during the nexi year. Th¢ award of the grant will enable the community transport schemes lo r¢rover frorn tbe longer effects of the pandemic and provide greater suppon to the members of the community. who are still affected disproportionally by the longer tenn effects of the restrictions previously imposed by the Government. We will continue to provide transpon facilities for the elderly, maintaining our ¢ore service of local journeys, whilst also continuing to undcrtake longer journeysi for both individuals and groups in relati()n to social outings and hvlidays. The overall objcctive of reducing isolation and improving the physical and mental w¢ll-bcin8 of thc elderly rcmuins a Gomerslone of OUT PToject. The Trustees have no r¢&son to supposc that tbe Charity will be unable to n¢t its Commitments over th¢ ensuing fmancial year. As h&s been reported in the press the mental and social effecis of the recurring lockdowns have had a continuin8 detrirnLmtsl effect on our membership. wlu'ch will take many years to recover from. We are very pleaqed 1th the uptake of our day trips and have. since the ending of restrictions, continucd to build our Social Car and Minibus services. We plan to continue this gromtth throughoui thc coming year. The Trnstees would like 10 thank all of OUT StatT and voluntcers for all their efforts in coThtinuin8 Lo grow and impTOVC the Scheme. STRUCTU GOVERNAIYCE AND MANAGEMEIYT Governlng document The company is governed by its Memorandum and Articles of Association. Application for votinB mmbership of the company may be made by any eligible user of the service upon their undertaking in writing to contribute such amount as may be required, bui not exceedmg £1 (one pound), for the payment of debts and liabilities of the rompany in the event of its winding up. There are currently 41 voting mcmber5 of the company. Forn)s for application for voting rnembership may be obtained from the otTi¢e. Rerruilmenl and appointment of new trustees The Trustee Directors have overdll responsibility for ensuring the Company is to achieve its objects within Ihe confm¢s of ILS governing document and the law. There wcrc sevcn dircctors in office during the whole period under review. All the Directors are volunteers and bring special knowledge or expericnce m mattcrs relating to the CoMpanS activitie5. No director in their capacity as such or any person connected to a director received any payment other than on norniRI ootnmer¢io1 ba$1$ knrn the Cornpany durin8 the wod. The post of company secretary hag been diTenged with. Thc dirrftors continue to look to appoint new people to the managing committee of the Board. New management comrnittee members shall be ¢le¢ted individually at the AGM. The directors may co-opt up to two other persons to fill any vacancy on the manxgement con]mittee. Perso$ co-opted must seek leCtIOn at the next following AGM. Page 4
CASTLE POll¥4T SOCLIL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCU 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Manlgement The current status is as follows: Operational decisions are made on a daily basis by Jacqui middleditc g¢n¢ral manager, in consultation with the Chair of the Tnjstees if necessary. Samantha March, assiswit transport manager. organises the trips and minibus operations and deputies for Jacqui wh¢n she is not in the otfice. Lisa Taylor tnaDages the Car Scheme b(K)king otTicc. All tnattcrs of policy, procedure and fllwicial control, having regard to all regulatory and SLINiOry controls, laid down by the dircctors. Th¢ contrncied hours are - Jacqui 21 hours, Sarn and Lisa 28 hours. Supporting these managers are some 31 voluntary 51aff of wlu'ch 25 are volunteer drivers and 6 are office-based admin assistsnts. Some of the office staff, and some tTUStees, work a dual role as drivers but are only counted once. Of the three pald driv¢rs. one is contracted for 34 hours per weeK the other two are on a "zero hours" contract. DBS checks are taken on all paid staff and volunteers. ACcon0datIoll The company operdtes Out of an office consisiing of three rooms lo¢at¢d in the Tcl}S Centre in Benlleet, Essex for which it Cuen¢1Y Pdys rcnt to Essex County CounLiI, The "current" lease was issued on 1311112020 and rdn from June 2015 uniil 25th March 2022. This Elas now expired. w¢ have not yet been advised whcn thr subsequent L¢ase will be issued although w¢ havc no con¢¢rtLS ovcr the l.ea$c continuins. Inductiou And trAinlng of Dew trusttts New Trustee Directors undergo an orientation period io enable them to undcrstsnd thcir legal obligatsons und¢r cbarity and company law and under the Memordndum and Articles of Association. The Board function and decision makthg proce&s is explained to them and recent Fu]CIal data is mad¢ available. They are invited to attend Board meetings and are 8iven Charity Commission publications in relation to the duues of trustees. LIST OF GRANTEES REFERRED TO ON PAGE I (ll¥ ALPHABETICAL ORDER) Albert Hunt TnLsI, Atllity. Augustine Courtauld TrLLSt, Blakemore Foundalion, Charis TrusL Charles S French Charitable Trust. Dord Rebecca Fine Charitable Trust, Edgar E Lawley Foundation, Essex Conununity Foundaiion, Fitton Tnjst, Fowler Smith & Jones Charitable TrnsL Garfield Weston Foundation, Hobson Charity Ltd, Iron Bridge Trust, John Horseman Trust, Big IA)ttery Communiry Fund, POA Welfare Fund, ROSCA Trust, SEven Bloch Image of Disability Charitablc Trust. Tudwick Foundation, WO Street Chariiable Foundation. In addition, ther¢ were grants from five other TnL8ts who wished to remain anonymous. REFERENCE AND ADML¥ISTIL4TIVE DETAILS Registered Company number 03745415 (England and Wales) Registered Charity number 1076007 Regigt@rÈd rjffioe The T)Tells Centre 39 Seamore Avenue Benfieet Essex SS7 4EX Trustees Mr A Beale (resigned 1.4.2025) Miss P Tait Mr M Joiner Mrs J Sulltvan Mrs J Donovan Mr D Patterson - Chainnan Mr.% B Mccarthy Mr5 V Brown (appointd 16.7.2024) Page 5
CASTLE POINT SOCIAL CAR SCHEME LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 REFERENCE AND ADMINISTRATIVE DET AILS Independent Examiner ESW Chartered Accountants 162-164 High Streei Rayleigh Essex SS6 7BS B Ydnkcrs Natwest Bank PIC Basildon A Branch 29 E&4t Walk Basildon Essex SS14 JHD gs/71£ S Approved by order of the board of trustees on .......... . and signed on its behalf by: Mr D Patterson- ChaIrnrt - Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CASTLE POINT SOCIAL CAR SCHEME LtMITED Independent examiDer's report to th¢ trustees of Caslle Point Soclal Car Schen)e Llmited ('the Company,) I report to ¢be charity trustees on my examination of the accounts of the Company for the ycar ended 31 st March 2025. Re8ponslbilitie$ and basis of report As th¢ ¢haTity's truste¢5 of the Company (and also its directors for the purposes of company law) you are responsible for the prq)aratton of the accounts Lll accordance with the tequirements of th¢ Compani¢s Act 2006 ('thc 2006 Act,). Having satisfied myself that the accounts of the Company are noi rquired to be audited W¢r Part 16 of the 2006 Act and are eligible for independeni examination. I report in respect of my examination of your chariws accounts as carried out undcr S¢ciion 145 of the Charities Act 2011 Cih¢ 2011 Act,). In carryng out my examination I have followed the Directio8 giv by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's statement I have completed my examination. I confirni that no maiters have ¢ome to my artention in connection with the examination giving me cause lo believe: accounting records were not kept in respect of the Company as requir¢d by S¢ction 386 of the 2006 Act; or the accounts do noi accord with those records. or the accounts do not comply with thL accouniing requirements of Section 396 of the 2006 Act other than any requirement thai the accounts giv¢ %1 tnLe and fair view which is Dot a ma¢t¢r considered as part of an independent examination. or the accounLS have not been prLyared in aGconlance with the metho(Ls and principles of the Star¢ment of Recommended Prdcli¢e for accounting and reporting by charities (applicubl¢ to clwities prcparing th¢ir accounts in accordance with the Financial Rwrting Sthndard applicable in the UK and Republic of Ireland {FRS 102)). I have no concerns and hav¢ Con across no other matt¢Ts in conn¢¢tion with the examirlI0n to which attention should be drdwn in thi's report m ord¢r lo enable a proper underswiding of th¢ accounL5 lo be reachcd. ¢red Ac High Stre ountants aylei Essex SS6 7BS Date.. t9sli1,. Page 7
CASTLE POtNT SOcL CAR SCHEME LIMJTED STATEMENT OF FtNAI¥CIAL ACTIVITIES FOR THE YEKR ENDED 31ST MARCU 2025 2025 Total fun(Ls 2024 Total Unrestricied fund RestTiclcd fi]nd5 Notes INCOME AND ENDOWMEYTS FROM Donat10118 and legacie 77.591 27,066 104.657 147.745 Other trading activities Investment income Other income 94,838 741 3.969 94,838 741 3.969 81.721 787 {826) Total 177,139 27.066 204,205 229,427 EXPENDITURE ON Raising funds 2.641 2,641 11,980 Cbaritable actlvitiej Charitable 173.547 185.6&1 185,664 Other 6,654 6,654 2,444 Total 194,959 194,959 187,971 iYET INCOMLI(EXPF,NDITURE) TrAD$fers behveen funds (17,820) 27,066 27.066 (27,066) 9,246 41,456 13 Net movement in funds 9,246 9,246 41.456 RECONCILIATION OF FUNDS Total funds brougbi forward 144,486 144,486 103,030 TOTAL FUNDS CARRIED FORWARD 153,732 153.732 144,486 The notes forn] part of these fncIal statements Page 8
CASTLE POINT SOCIAL CAR SCHEME LIMITED BALANCE SHEET 31ST MARCH 2025 2025 Tothl funds 2024 Total fimds Unrestricted fund Resmctcd tunds Notes FIXED ASSETS Tangible assets io 98,899 98,899 109,880 CURRENT ASSETS Debtors Prepal¢ll[S and accrued income Cash ai bank 4,896 4,507 88.277 4,896 4.507 88,277 3,321 4.822 64,859 97.680 97.680 73,002 CREDITORS AmounLs falling due within one year 12 (42,847) (42.847) {38,3961 NET CURRELYT ASSETS 54.833 54.833 34,606 TO"fAI, ASSETS LESS CURRENT LIABILITIES 153,732 153,732 144.486 NLT ASSETS 153.732 153,732 144,486 FUNDS Unreslricled fund 13 153.732 144.486 TOTAL FUNDS 153,732 144,486 The charithble company is entitled lo exempiion from audit under Section 477 of the Companies Acl 2006 for the year ended 3 Isi Morch ?0?5. The member.s have not required the company lo obtain an audit of its fmancial slalements for the year ended 31 sl March 2025 in accordance with SeLIAon 476 of the Companles Act 2006. The trustee5 acknowlcdge their responsibilities for la) en4uring that the charitahle e.nmpAny ALcountin8 records thut romply with Sctr¢ionJ 386 wid 387 uf di¢ Compantcs Act ?006 and preparing findllLi411 slaiemen15 which give a true and fair view of the state of affair% of the charilable company as at the end of each financial year and of its sury)lus or defictt for each financidl year in accordance with the requiremenli of Sections .394 and 395 and which otherwise comply with thL requircmcnts of thc Comp(IniLs ALt 2006 relating io financial statemenls, so far a% applicable to the chariiable Company. (b) These financial sthiements have been prL'pared in aLcordance with the prvvisions appliLable lo chItabLe companies ubject 10 (he srnall companies regim¢. The fina lial stalLmLnts were approved by the Board uf Tslee$ and auihori%ed for issue and were .%igned on il% behalf by.. on Mr D Patterson - Chaimian - Tru4iee The note% forni part of these financial statements Pag¢ 9
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST LVIARCH 2025 ACCOUNTING POLICIES Basis of preparing the finAnciAI statements The financial statements of the charitable company, which is a public benefit entiry under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporung by Charities., Staiemenl of R¢comrnended Practice applicable 10 charities preparing the account5 in accordance with thc 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 lh¢ UK and Rcpublic of Ireland, and th¢ Companies Act 2006. The financial statementg have been prepared under thL histOTiGal cost onvention. Income All income is recognised in the Statement of Financial Activities once the charity entitlcmeni to the fimds, it is probable thai the income will be received and the amount can be measured reliably. Expenditure Liabilities are recOls¢d as ¢xpenditure as soon us there is a legal or cons1CtIve obliE3tion conunitting the charity to that ¢xpenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measuTcd reliably. Expenditure is accounted for on an accruals basis and has been classified under headings thai aggregaie all ¢051 related to thc category. Ivhere Costs cannot be directly attributed to particular headings they have been allocawd to activities on a basis consislcnt with the us¢ of resources. T Angible flxed Assets Depreciation is provided at the following annual rates in order to vjrile off each asset over its estimated use1 life. Fixtures and fittings Motor vehicles 250/0 on reducin8 balance 20ts/o on reducin8 balance Taxvdtlon The charity Is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted fimds can be used in accordance with the charitable objectives ai the dis¢reiion of the mislees. ReslTiCted funds can only be for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are rais for particular restricted purposes. Further explanation of the nature and pury)ose of each fund is included in the notes to the financial staternents. OTHER TRADTNC ACTIVITTEg 2025 2024 Membership fees Other 23,824 71.014 22,065 59,656 94.838 81,721 Page 10 continued...
CASTLE POINT SOCLIL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS - coDllnued FOR THE YEAR ENDED 31ST MARCH 2025 LYVESTMEIYT INCOME 2025 2024 Deposit account interest 741 787 RAISIIYG FUNDS Rgising donydtlons and legacies 2025 2024 Support costs 2,641 11,980 OTHER 2025 2024 Support ¢08(S 95,579 85.203 NET llYCOMEI(EXPENDITURE) Net in¢omcl{expenditure} is stated after clLar8ing/(crediting): 2025 2024 Depreciation - owned assets Other operating Icases SUTplu(derIC1I} on disposal offLxed assets 23,891 1,690 (3,969) 22.699 1.530 826 TRUSTEES, REMUNERATION AND BENEFITS There were no trustec5' remuneration or other benefits for the year ended 3 1st March 2025 nor for the year cndcd 3 1st March 2024. Trustees, expense8 There were no fft]stee's expenses paid for the year ended 31 st March 2025 nor for the year ended 31 st March 2024. STAFF COSTS The averdge monthly nurnb¢r of employees during the year was as follows: 2025 2024 Part time No employees received emoluments in excess of £60,000. Pagcll continued...
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINc1.4L STATEMENTS - eontinued FOR THE YEAR ENDED 31ST MARCH 2025 COMPARATIVES FOR THE STA TEMENT OF FII¥AISCIAL ACTIVITIES Un$triC(ed fund Restricted funds Tottl fullds INCOME AND ENDOWMENTS FROM Donations and legacies 142,745 5,000 147,745 Other trading a¢tivitics Investment income Other irtcome 81,721 787 (826) 81.721 787 (826) Total 224,427 5,000 229,427 EXPF.NDJTURE ON Raising funds 11,980 11,980 Charitable aetlvitles Charitable 173,547 173,547 2,444 2,444 Totyjl 187,971 187,971 NLT llYCOME TraDsfeN between funds 36,456 59,770 5.000 (59,770) 41,456 Net movement in fund$ 90,226 (54,770) 41,456 RECOIYCILIATION OF FUNDS Totsl fimdb brought forwasd 48,260 54,770 103,030 TOTAL FUNDS CARRIED FORWARD 144,486 144,486 Page 12 continued...
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 io. T ANGLBLE FIXED ASSETS Fixtures Motoi vehicle5 fittings Totals COST At Isi April 2024 Additions Disposals 12,845 1,364 230.874 12,500 {11,107) 243,719 13,864 (11,107) At 31st March 2025 I4,209 232.267 246,476 DEPRECIATION Ai Isl April 2024 Charge for year Eliminated on disposal 8,197 2,529 125,642 21,362 (10,153) 133.839 23.891 (10,153} At 31st Mar¢h 2025 10,726 136,851 147.577 NET BOOK VALUE At 31si March 2025 3,483 95.416 98,899 At 31 si March 2024 4,648 105,232 109,880 ii. DEBTORS: AMOUNTS FALLll¥G DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors 4,896 ,773 1,548 4,896 3.321 12. CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other te$ Accruals and deferred income 33,802 1,869 1,403 35,124 9,045 42.847 38.396 Other cr¢ditors includ¢s a BLF prepa)Th¢nt of £8.504 (2024: £nil). Page 13 continued...
CASTLE POINT SOCtAL CAR SCHEME LIMITED NOTES TO THE FINANCIAL STATEMENTS - tontinued FOR THE YEAR ENDED 31ST MARCH 2025 13. MOVEMENT IN FUNDS Net movement in funds Tranqfers between funds At 31.3.25 At 1.4.24 Unrestricted fund5 Gcneral fund 144,486 (17,820) 27,066 153,732 Restricted funds Vchicle Teserve 27,066 (27,066) TOTALFUNDS 144,486 9,246 153.732 Net movement in funds, included in the abovc are as follows: Incomyn£ resources Resources expendcd Movement in fund5 Unrestrlcted funds General fund 177.139 (194,959) (17,820) Restricted funds Vebicle reserve 27,066 27,066 TOTAL FUNDS 204,205 (194,959) 9,246 Comparativei for movement in funds Net movement in funds Transfers betwcen funds At 31.3,24 At 1.4.23 Unre8tricted fund8 General fimd 48,260 36,456 59,770 144,486 Restrlcted funds Vehtcle re%erve Trips / Excursions 53,500 1.270 (58,500) (1,270) 54,770 5,000 (59,770) TOTAL FUNDS 103,030 41,456 144,486 Page 14 continu¢d...
CASTLE POINT SOCIAL CAR SCHEME LIMITED NOTES TO THE FINANCLIL STATEMENTS - ¢onthiued FOR THE YEAR ENDED 31ST MARCH 2025 13. MOVEMENT IN FUNDS - continued Cornparalive n¢1 movement in fimds, included in the above are as follows: Incon)in8 resources Resour¢es expended Movem¢nt in funds Ullrestrlcied fund Gen¢rdl fund 224,427 (187.971) 36,456 Restritted funds Vehicle reserve 5,000 TOTAL FUNDS 229.427 (187.971) 41.456 A eurrenl year 12 months and prior year 12 months cotnbitied position is &$ follows: Net movement in funds Trdnsfers betw¢¢n funds At 31.3.25 At 1.4.23 Unrestricled funds Gcneral fiJnd 48,260 18.636 86,836 153,732 Restrlcted fuDds V¢hirl¢ re5crv Trips / ExcursioTLS 53,500 1,270 32,066 (85,366) (1,270) 54,770 32,066 (86,836) TOTAL FUNDS 103,030 50,702 153,732 A current year 12 months and prior year 12 months combin¢d net movement in funds, included in the abovc are as follows: IncomiDg resources Resourccs expended Movement in Unrestricled funds General fund 401,566 (382,930) 18,636 Restritted funds Vehicle reserve 32,066 32,066 TOTAL FUNDS 433,632 (382,930) 50,702 The company had the following restncled fvnds during the year. ( l ) The Big Lottery Fund provided for the majority of operating expense% and support costs. Page 15 continued...
CASTLE POINT SOCIAL CAR SCHEME LIMtTED NOTES TO THE FINANCLAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025 14. RELATED PARTY DISCLOSURES There were no r¢latcd party transactions for the year ended 31 st March 2025. Page 16
CASTLE POINT SOCIAL CAR SCHEME LNITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 INCOME AIYD ENDOWMENTS Don&tions and le88eies Donations 104,ti)7 147.743 Other trading activities Membership fees Other 23,824 71.014 22.065 59,656 94.838 81,721 Investment Ineome Dvposit account interest 741 787 Otber income Gain on sale of thn8ible fLxed asseis 3,969 (826) Total iDconthig resourees 204,205 229,427 EXPEL¥DITURE Charltable activities Wages Operational traing Dead mileage Fuel Insurance and road tLX Maintenanc¢ FixtLWeS and fittings Motor vehicles 48,248 44,536 878 158 14,289 6,?23 13,984 953 21,747 490 16,650 5,553 4,548 2.529 21,362 99,380 102,768 Suppor( costs Management Wagcs Reni Insurance Telephone Postage and stationery Advertising Sundries Computer expenses Fee5 Payroll 58,637 1,690 ,193 1,024 11.896 2.246 1.018 4,194 213 832 52,731 L,530 025 1,073 7,697 1,991 353 3,724 437 615 82,945 70,779 Finance Fund raising Carried forward 9,836 9,836 11,980 11,980 This page does not fomi part of the statutory fllwicial statements Page 17
CASTLE POINT SOCIAL CAR SCHEME LIMITED DETAILED ST ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Fin8nce Brought forward Bank charges 9.836 897 11,980 700 10,733 12,680 Goi'ernance costs Accountancy 1,901 1,744 Total resources expended 194,959 187,971 Iyet Income 9,246 4J,456 This page does not forni part of the statutory financial statements Page 18