REGISTERED COMPANY NUMBER: 03865537 (England arKI Wales) REGISTERED CHARITY NUMBER: 1078690 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR PEMBROKESHIRE VOLuKfARY TRANSPORT Bevan Buckland LLP Chartered Accountants 45 High Street Hav8rfordw88t P8mbrok8shir8 SA612BP PEMBROKESHIRE VOLUNTARY TRANSPORT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pago Roport of the Trustees 1 to 4 Independent Examinerfs Report Statement of Finan¢ial Actlvltlos Statément of Finaneial Posltlon Notes to th• Financial Statements 8 to 13 Dètalted Statoment of Flnanclal Acllvttles 14 PEMBROKESHIRE VOLuKfARY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees ￿ a￿ also directors of the charity for the purposes of th8 Compani8s Act 2006, present th8lr report with the finan¢i81 statements of th8 charity for the year end8d 31 Decémber 2024. The trustees have adopted the provisions of Accounting and Reporting by Charili8s: Stat8m8nt of Recommended Practlc8 appllcable to charities preparing their accounts in acC￿rdanCe Wlth th8 Financial Reporting Standard appllcable in the UK and Republic of Ir8larKI (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIE8 Chalmian's Report Th8 Ffl8sd Service operated by pirr, und8r a SLA with PCC. had another v8ry successful year, despSt8 bad weather and b￿akdOWn$. After a Pay Review, in February, the wag88 of Coordinalor and Drivers. w8r8 Incr8as8d by 3.5Yo. Both Fflesci buses sp8nt oonsiderable time Out of S8rvicé again due to running repairs. Each vehicle covered over 1,000 milesl w8ek. Both vehicles urg8ntly n88d rèplacing by PCCI TM. Only one Minibus is suitable as a 'stand in, for the Fflesci Service. In July 2024, Katy Leese was given Redundancy Notice and a package, and gratefully thanked for her 3 years work with PVT as Mlnlbus Coordinator, unfortunately this post was no longer viabl8, duties w8r8 absorb8d within other posts. Mlk8 Jones took over some of the minibus coordinatorfs duties as Administration Assistant. Minlbus Hlre Service bookings increased. new organisations joined. induding several Sch￿Is. But repair bills on the v8hlcles also increased. due to thèir age 8nd use. The daily Hir8 fees w8r8 increased to £30. £35 for larger Minibuses, with the continued 'fr88' first 20 miles, th8n £1.501mil8, £1.70 for larger minibuses. In November, paid hours for Mike Jon8s were increased from 4 to 10 hoursl v￿ak. Thè Sèrvice. is still under utilis8d, better promotion is urgently required, {for all 3 services) but p doesnl have the reSoU￿es, whereas PACTO has resources available as part of the Motorbility Grant. In February, the SLA was renewed. between RVS and PCC for the P8mbrokeshire Country Cars Service. induding the Accessible part. Through a long standing informal arrangement. had provided A¢ces6ible Vehicles, a Coordinator, conducted dient and wheelchair risk assessments plus Driv8r WAV training. In May. a Memorandum of Understanding vdas signed between RVS and P￿. dutles and responsibilities of both organlsations set out. pwr agreed to provide vehicles, a Coordinator. plus final driv8r WAV training. Risk assessments of clients and wheelchairs and MIDAS WAV driver training would b8 dona by PACTO for RVS. Thls Servits began on 3rd June, wth Kellie Lowther as Bookings Offic8r for the RVS Awessible Country Cars Servi¢e, wages paid for by Pl￿ but millage for Service, claimed from PCC. Kellie also took over the post of pwr WAV Coordinator. from Mike Jones. her hours were increas8d to 28 hoursl week and her pay from £13.20 to £13.801 hour. Mike Jones took over Kellie's duties as PW Adminislration Assistant. Journey numbers of this SeNice incrèased over the rest of th8 year from 30 to 60 joumeysl month. wlth many new regular clients. The pwr Facebook p8ge, edited by K811i8, was véry successful in promotlng PW and bringing in volunteèr drivers. Booking8 for the WAV Hir8 S8Nice , also increased over the year. After 8 Review, the Hiring fee for the WAVS was increased to £30 Iday, aft8r the first free 20 miles ,additional mileage increased lo £1.00. After consulting our c118nts, 8Xtra time slots morning, aftemoon and èvening were introduced. This increased numbers and brought in new cliènts. The WAV VW Maxi Caddl NK62 ELH bought by pwr, was sold, to Car and Commercial for £1.400, as due to age and mlllag8 11 couldn't pass the MOT test. This put extra pressure on th8 S8rvic8 and some requests had to b8 tum8d down. On 9th July. 'Free Lease Agreements, wer8 signed with PACTO for a nèw Boxer Lite 16 seater accessibl8 Mlnlbus, HT73XTD ( funded from Motability Grant) 8nd a second hand WAV WB19BXG (Peop18's Postcode Lottery Grant ). 1st August the Véhicles were hended over to PVT. Convèrsations continue with PACTO about the first WAV and also the second Minibus from the Motabilty Grant. Unfortunately, the second hand WAV, doesn't have a Winch and can only be used for a wid8 based whèèlchair. so isnl really suitabl8 for use by a Community Transport Organisation. pwr Collated infom)ation. r8POrtS and requested a replacement vehlcle from PACTO. similar to on8 Pl￿ already uses. The three Coordinators. w8re givèn a¢¢e$s to all vehicle trackers, ènabling them to move vehicles b8tW88n Services. Data was ¢ollated and the Local Bus Service Grant was once again applied for and awarded. The ￿ sets of Policies. for Charity and Business. were combined into onè online indexed 'Handbook'. acc8ssible to all members and the new IT Share Point Site was set up. Work on a 'Procedures and Quality Manual, also an 'Adverse Weather Policy began. It was agreed to pay Staff cover hours, when other Staff ar8 on Annual or Si¢k Leave. After a r8vl8w in November. the paid hours were in¢re8sed of Fflesci Coordinator Andrew Uoyd from 16 to 26 hoursl week and Administration Assistant Mike Jones . from 4 to 10 hoursl w88k, beginning 1st December. With th8 new Charity Commission Guidelines publlshed in 2023. it was proposed and 8greed that PVT adopt the Charities Comrni$$ion new Mod81, as our Goveming Document, which aligns with CU￿ent IT and modem practiC8s. N8W Articles of Assoclatlon were put together and adjusted to suit the needs of a CTO. In August, it was agreed to cease fees and M8mb8rshlp of pwr for Groupsl Clubsl organisations that hire the Minibus8s and WAVS, m8mbership will continue as just members of the Working Committee., Pag8 1 PEMBROKESHIRE VOLUNTARY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 pirr continued to work with th8 Transfonnation Team from PACTO Motabilty Project. Initial Information, covering 12 months, induding a 'SWOT Analysis, was ¢olleded by W staff. to enable the Team. to sét a ' Base lin8. for th8 Project. Extra Data was also requested by the Team, and agreed on. to be submitted each quarter. Colléction of this Data, takes considerable time, which P￿ pays for. plus PITh Staff are r￿t trained or experienced in l.T. At the AGM on 20th September. Tina Norman was re elected as Chairperson ( her final year), Peter Scoble. Simon Jones and Naomi Rees were re elected a5 Trustees. The Board of Trustees was joined by Peter Parsons and Kellie Lother. (both RVS Drivers) This year has a been a period of growth for ￿ in all areas. in(xeased revenue, joumey and passeNJerlclient numbers, range of groups we serve but also in our understanding of our strengths and weaknesses as an organisation. And how we can improve as a Community Transport Org8nis8tion. for the people of Pembrokeshire. Objectiv95 and aTm$ Pernbrokeshire Voluntsry Transport exists to provide relief to the inhabitants of Pembrokeshire and tts environs. who have need because of age, mental or physical disability, or poverty, molhers with young children or people living in isolatsd areas vthere there is no public transport facilities and in particular but not so as to limit the generality of the foregoing:_ To provide and maintain non-profil community transport services. and To assist the tharitsble work of organisations and b¢xlies engaged in promotlng th8 relief of such persons through the provision of appropriate services. Publie benofft The Trustees have had due regard to Charity Commisslon guldance on Public Benefit and this annu81 rèport of pvfs activities clearly d8monstrate that these objects are being fully met. We continue to provide both a range of community transport services in a number of ways to meet the needs of Pembrokeshire inhabitants identlfled In the objects. and to se8k ways of providing similar services in new areas to meet the needs of other inhabitants. ACHIEVEMENT AND PERFORMANCE Charitable actlvltl88 We contlnue vrith the provision of group transport S8Nices throughout Pembrokeshire. Representation PW continues to repr8S8nt the interest of ¢omrnunty groups and individuals within the Pembrokeshire area. 8sp8cially those vtho experiencé problèms with normal transport facilities. FINANCIAL REVIEW Prfncipal funding sourees Total funding received was £299,273 {2023 £235.875) and rèsources expended during Ihe year amount to £294,419 (2023 £244,872) resulting in a SUTplus of £4.854 {2023 deficit of £8,997). Total funds held as at 31 December 2024 amount to £130.352 (2023 £125,498) of vthich £130.227 {2023 125.350> is unrestricted and £125 (2023 £148) is restricted. We rely on hire costs from our accessible Minibuses and Wheelchair Accessible Vehicles. as well as support from Pembrokeshire County Council's transport department for our North West Pembrokeshire Ffles¢i Service and for providing a¢￿ssible vehicles to Ihe Royal Voluntary Service A￿SSIble County Cars Service, and from the South West Wales Bus Service Supporl Grant. to keep our services running. We aim to keep our costs and charges at an affordable and sustainable level. Reserves pollcy A reserves policy for the organisation has been fonnally agreed. in line with recommended practice of Chaiity Commission. In current circumslances. the Board recognises the need to maintain adequate reserves for the organisation realised through sound management of available resources, making sansible provision for the future and to COV8r any deficit in funds for activities for which futur8 funding may not be secured. It Is established that the general reserv88 take into account thr8e months, overheadslrunning costs", provision against th8 risk of funding being reclaimed by funders. suffici8nt funds to cover any deficit in resourGes for restricted projects or core activities that may not be funded In future. sufficient working capital to finance cash flow shortfalls anticipated ft)r any restricted project or programme and sufficlent funds to build up a r8sèrv8 to COV8r r8plac8m8nt of v8hid8s. The organisation's required lev81 of reserves is £90.000. The level of reserves Is calculated annually in order that th8 Board can establish an appropriat8 level of reserves for the coming year. Page 2 PEMBROKESHIRE VOLUNTARY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Govomlng document The charity is controlled by its goveming document and constitutes an incorporated charity. limited by guarantèe. as defined by the Companies Act 2006. Récruitinont and appolnlment of new trustees Management Committee m8mbers are 8le¢ted individually at the Annual General M8eting. Only individual mèmbers of the compgny or p8rsons nominated by organisatrons which are members may stand for election for th8 Management Committee. Organlsational struclure Mrs T Norman - Chairperson Mr P Scot48 - Trustee Mr S Jones- Trustee Miss N Rees - Trustee Mr P Parsons - Trustee Mrs K Moseley- Trustee and WAV C¢>rdinator Mr B A Hough - Company s8cretary Mr A Lloyd - Ffflesci Sérvice Cowordlnator Mr M Jones - Administration assistsnt Mrs K Moseley- Accesslble PIVOT tsordinator Mr T Reynolds - Driver Mr M James - Driver Mr C Payne - Driver Mr D Mayled - Rèlief driver Pth K James - Relief driver Induction and tralnlng of new trustees Trust88s follow an Induction programme as recommènded by the Charity Commission. Trust￿ attend training courses provided by PAVS where appropriat8. Rolatod parties All those charged with governancg (dir8Ctors or Iruste8s), key management personn81 and any indlvldual or entity that has control of the charity as well as thèir spouses. domestic partners and dependènts are relat8d parties. Related party transadions ar8 detailed in Nol8 12. REFERENCE AND ADMINISTRATIVE DETAILS Règistered Company number 03865537 (England and Wales) Règlstornd Charlty number 1078690 R•glstorod offie• Puffins 9 Cedar Close East Moor Park, Cuffern, Haverfordwest Pembrokeshlre SA62 6HR Trust•es P Scobl8 Mrs T Norman S R Jones Ms N Rees (appointed 15.1.24) P O Parsons (app05nted 20.9.241 Ms K D L ￿Se18Y {8ppoint8d 20.9.24) Company Secretary B A Hough Pag8 3 A4fft E¥an* FrJ Pwnbrokn• SNfiI 2BP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PEMBROKESHIRE VOLUNTARY TRANSPORT Indepondont examlnevs report ts the Intstee$ of Pembrokeshire Voluntary Transport ('the Company) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 D8cemb8r 2024. Responslbllltlos and basis of report As the charity's trustees of the Company {8nd also its directors for the purposes of company law} you are restM)nsible for the preparation of the accounts in accordance the r8quirements of the Companies Act 2006 ('th8 2006 Act,). Having satisfied mys8lf that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for ind8P8nd8nt examinatlon. I report In r8SP8Ct of my examination of your ¢harily's accounts as carried out under Sectlon 145 of the Charities A¢t 2011 ('the 2011 A¢V). In carying out my examination I have followed the Directions given by the Charity Commission under S8Ction 145(5) (b) of the 2011 Act. Indopondent èxaminé￿8 statement Since your charitys gross Incom8 8xce8d8d £250,000 your examiner must be 8 member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Ch8rterèd Accountants in England and Wales, which is one of the listed bodies. I have cornpletsd my examin8tion. I confirm that no matters have ￿me to my attention in conn8Ction the examination giving me caus8 to b8li8v8- a￿Ounting records wer8 not kept in r8SP8ca of the Company as required by S8clion 386 of the 21)06 Act. or the accounts do nol accord with those records., or the arxounts do not comply with the accounting requirements of Section 396 of th8 2006 Act other than any requirement th81 thè 8ceounts give 8 true and fair view which is not a matter considered as part of an ind8p8ndent examination- or the accounts have not been prepared in accordance with th8 methods and principles of the Statement of R8commend8d Practic8 for accounting and réwrting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R8publlc of Ireland (FRS 102}). I have no conoms and have Come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo b8 reached. Alun Evans FCA Bevan Buckland LLP Chart8red Accountants 45 High Str88t Haverfondw8St Pembrokeshire SA612BP Date.. Page 5 PEMBROKESHIRE VOLuKfARY TRANSPORT STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Totsl funds 8s restated Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 30,525 30.525 500 Charltsblo actlvltlas Ct)mmunity Transport 63,741 63,741 49,314 Other trading activities 205,007 205,007 186,061 Total 299,273 299,273 235,875 EXPENDITURE ON Charitable activities Community Transport 294,396 23 294,419 244,872 NET INCOMEI{EXPENDITURE 4.877 (23} 4,854 {8,997) RECONCILIATION OF FUNDS Totsl fijnds brought forward 125.350 148 125.498 134,495 TOTAL FUNDS CARRIED FORWARD 130.227 125 130.352 125,498 The notes form part of these financial ststements Page 6 2S.881 25381 ¢oJh al bm 66.110 06,11Q 126 119148 125 119.gr4 11928ts 10 (15A)2) (15,%PI 11529SI 1U4.316 125 1LW.471 7QTAL ASSEfs LE￿ CURREMT UAWLMES 13L1227 125 125.493 NEf A%SETS ', 30227 145,448 FUNDS 1&).227 125 125.35Q 148 T*)TAL FUNOS I'l￿ d*fltabl• tr-¥rp*ny 1$ ¢rttitled tg ¢xeMFI￿ from Jsjth'i under SEdiw4 477 01 thtr Componies Ad 2WS lof *VJ¥ *t￿ed 31 D*¢•mbet 2.024. The Tr￿Mt￿ ha¥• rnl fequir￿ It¥ obtsm 4ry ThKlii Ol its IIAwso1 $1alerrnnts kn #￿. >*hr 31 D¢rkJthr2024 ffj arw,danr* with S¢(kKm 476 ot thg Arl 2LTh. •rtJwir¥ tlwl chè*bk comwy keep5 Ihal rA3tr,￿y w¥th Sèctiorts 386 •no 397 01 Act2(KX and PrnP#ftnp flftary(xa7 T*thlth.gi￿ # ta¥ ¥low of al oftr* ¢1Wit•b￿ 41 th• ol e•¢h finaryal ￿81 of its wplus or defrl. f¢r each frnarth ip i¢ouY¢mtnts eh SKlon$ 3g and 395 ai)U sW¥ch Otherwb￿ com￿Y vlth lTr¥* ol th* C(mpamÉ relalfn9 k>ftrMft"ts•l Slthm*rrt¥. $0 l*r 4$ 49pbt>b* to tha char.'l•bl* company TlJofj¢ fntn¢i•p MBtomenlJ bè¢n hilh the po¥iSKfiits ¥plit*b'E lo -thairf4blp coNwn:t5 subJ%d lo sm*1 fpgtme jbl l lié tY{an￿1 '4ts*rn¢DIs by aoaro of I[uS￿￿ts avj I￿. issijt no vrtSTt 541iieO rjn bphav hy tr. T iltim*n Tnxt•e P*9* 7 PEMBROKESHIRE VOLUNTARY TRANSPORT NOTES TO THE FINANCIAL STATEme￿rs FOR THE YEAR ENDED 31 OECEMBER 2024 ACCOUNTING POLICIES Basls of proparfng the flnanclal slat•monts The financial statements of the charitable Company. which is a public benefit errtity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102) (effedive 1 January 2019),, Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost conv8ntion. Financial Teportlng standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemptions in preparing these financial ststements. as permitted by FRS 102 'The Financial Reportwig Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows: the rèquirement of paragraph 3.17 is stated after chargingl{cr8diting): 2024 2023 as re8tat8d Depreciation - owned assets 7,625 5.266 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration or other b8n8fils for the year ended 31 De￿rnber 2024 nor for the year erTrd￿ 31 December 2023. Trustees, oxponses 2024 2023 as r85tated Trustees, expenses 172 300 Paym8nts were made to one trustee to reimburse expenses incurred on behalf of th8 charity. STAFF COSTS The average monthly number of employees during the year was as follows: 2024 2023 as restated Drivers Company secretary Project Co-ordinator Minibus C¢>ordinator Accessible Cars Cowordinator 10 No employees received emoluments In excess of £60,¢)00. Page 9 continu8d... PEMBROKESHIRE VOLUNTARY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fvnds Restricted fijnds Total funds as restated INCOME AND ENDOWMENTS FROM Donations and18gaci88 500 500 Charitable aetivitlès Community Transport 49.314 49.314 other trading activities 186.061 186,061 Total 235.875 235.875 EXPENDITURE ON Charitable activiti Communty Transport 244,846 26 244,872 NEf INCOMEI(EXPENDITURE) Transfers betwaen funds (8.971) 65 1281 (65> (8.997} Nel movement in funds (8.906) 191} (8.997) RECONCIUATION OF FUNDS Total funds brought forward As previously reported Prlor year adjustment 105,195 29,061 239 105.434 29.061 As restated 134,256 239 134.495 TOTAL FUNDS CARRIED FORVVARD 125,350 148 125.498 PRIOR YEAR ADJUSTMENT The prior period adjustm8nt is a r8suIt of an und8rstat8m8nt of income and debtors in the prtor year. Income was understated by £29,061. TANGIBLE FIXED ASSETS Plant and machinery Motor vehicles Totals COST At 1 January 2024 Additions 12,374 48,240 12.000 60.614 12,000 At 31 December 2024 12.374 60,240 72.614 DEPRECIATION At 1 January 2024 Charge for year 10,864 226 28,244 7,399 39.108 7.625 At 31 Décemb8r 2024 11,090 35,643 46.733 NET BOOK VALUE At 31 December 2024 1,284 24,597 25,881 At 31 D8cember 2023 1,510 19,996 21.506 Pag8 10 continued... PEMBROKESHIRE VOLUNTARY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 as reststed Incoming resources due Other debtors Prepayments and accrued income 37,600 21,206 7,3Q4 37,158 22,254 6.938 66,110 66.350 10. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 a5 restatsd Suppli8rs invoices payable Social se¢urity and other taxes Other credltors 2,946 9,732 2.824 6.315 6,356 2,625 15,502 15,296 11. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds Pembrokeshire Voluntary Transport 125,350 4.877 130.227 Restrictod funds SWWITCH 148 (23) 125 TOTAL FUNDS 125,498 4,854 130,352 Net movement in funds, induded in the above are as follows: Incoming rèsources R8sources expended Movement in funds Unrestricted funds P8mbrokeshire Voluntary Transport 299,273 {294,396) 4,877 Restri¢ted funds SWWITCH (23) (23) TOTAL FUNDS 299,273 {294,419) 4,854 Page11 continued... PEMBROKESHIRE VOLUNTARY TRANspoirr NOTES TO THE FINANCIAL STATEMENTS - conllnued FOR THE YEAR ENDED 31 DECEMBER 2024 11. MOVEMEMf IN FUNDS - contlnued Comparatlvos for movement In funds Prior year adjustmènt Net movement in funds Transfers between funds At1.1.23 31.12.23 Unrestricted funds Pembrokeshire Voluntary Transport 105.195 29,061 (8,971) 125,350 Restri¢ted fvnds SWWITCH 239 (26) (65) 148 TOTAL FUNDS 105.434 29.061 (8,997) 125.498 Comparative net movament in funds, induded in th8 above are as follows". Incoming resources Resources expended Movement in funds Unrestricted funds Pembrokeshire Voluntsry Trdnsport 235.875 1244,846) (8,971) Restricted funds SWWITCH (26) (26) TOTAL FUNDS 235,875 (244.872) (8,9971 A current year 12 months and prior year 12 months combined posilion is as follows.. Prior year adjustment Net movement in funds Transfers between funds At 31.12.24 At 1.1.23 Unr•strlcted funds Pembrok8shSre Voluntary Transport 105.195 29.061 (4,094) 65 130,227 Rostricted funds SWWITCH 239 (49} (65) 125 TOTAL FUNDS 105,434 29.061 (4,143) 130,352 A current year 12 months and prior year 12 months ¢ombln8d net movement in funds, included in the above ar8 as follows: Incoming resources Resources expended Movement in funds Unrestrlcted fund$ Pembrokeshire Volunlory Transport 535,148 {539,242} (4.094) Rostrlcted funds SWWITCH (49} (49) TOTAL FUNDS 535,148 <539,291) (4.143) Pag8 12 continued... PEMBROKESHIRE VOLUNTARY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 DECEMBER 2024 12. RELATED PARTY DISCLOSURES The￿ were no related party trartsactions for the year ended 31 December 2024. 13. MEMBER'S GUARANTEE The charity is a private company limited by guarantee and consequently does not have share capital. The liability of th8 memb8rs in th8 8V8nt of I￿u￿datIOn is limited to £1 per member. Page 13 PEMBROKESHIRE VOLUNTARY TRANSPORT DETAILED STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 as restated INCOME AND ENDOWMEKf8 Donations and legacles Donations Grants 525 30,000 500 30,525 500 Olhar trading activities Live Kilometer Support Grant Vehicle hire charge Miscellaneous income Fllecsi bus co-ordinator SLA Sthool bus service 16,191 176,910 13.920 130,372 3,420 8,482 10.260 31,509 205,007 186.061 Charitable activities Community transport services Affiliation fees PIVOT services Employers allowance 58,036 705 32.173 180 10.961 6.000 5,000 63,741 49.314 Totsl in¢oming resources 299,273 235.875 EXPENDITURE Charltable activiti•s Wages Pensions Telephone Postage and Stationery Advertising Trav81 and subsisi8nC8 Meetings, conferences, events Training Subscription5 Vehicle running Costs Miscellaneous expenses staff uniforrns Computer and sollware costs Equipment repairs and renewals Plant and machinery Motor vehicles 157,497 2,819 821 761 635 3,110 64 135.864 2,602 628 1,035 590 3.130 893 210 150 87.520 892 1.516 30 113,023 1,054 688 1,571 226 7,399 267 4.999 289,698 240,296 Support costs Management Trustees, expenses Professional fees Insurance 172 3,570 979 300 3.577 699 4,721 4.576 Tot81 r8sourc8s 8xp8nd8d 294,419 244,872 Net Incomel(expendlture) 4,854 (8.997) This page doès not form part of the sLgtutory financial ststements Page 14 OOQC*C) CODOO Ci fo 8E8% 888888- 000 C* 88888£8£8 $8 8888888888. *0 000000 888& u>u >I>z 'Iiiiii}Irl I