REGISTERED COMPANY NUMBER: 03865537 {England and Wale5)
REGISTERED CHARITY NUMBER: 107869
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2025
FOR
PEMBROKESHIRE VOLUMTARY TRANSPORT
Bevon Bu¢kland Ltd
Chart*rpd Accountants
45 High Street
Haverfordw85t
Pembrokeshi
SA61 2BP

PEMBROKESHIRE VOLupifARY TrANspoirr
CONTEiifs OF ThE FINANCLAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Pa9e
R•port ofth• Truste
1 to 5
Ind•￿nd¥￿t Examln•rfs R•port
Statement of Flnancial A¢tivltle8
Stat•m•nt of Finanei•l Ptssillon
Not•s to th• FlnancSal Statsmvnts
9 to 15
Dètail•d St•t•m•nt ot Flnanclal Actlvllh8
16 10 17

PEMBROKESHIRE VOLUNTARY TRANSPORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustges are also directors of the charity for tha purposes of Ihe Companiès Act 2¢J)6. present their report wth ths
ffinancial ¥talements of the charity for the year end8d 31 Decèmber 2025. The tnJ8tees ha￿ adoptsd the prowsions of
Accountitvj and Re￿ting by Charities.. Statement of Recomm8ndgd Practice applicable to ch¥ritie¥ preparing thgir
accounts in accordance vilh the Financial Rèporting Stsndard appllcablo In tho UK and Republic of lrnland {FRS 102)
{effective 1 January 20191.
OBJECTIVES AND ACTivrriES
Chalm)8n's Report
The Fflècsi S8Nce continues to operats 2 minibu3es in NW Pembrokèshire under a SLA beiw••n pwr and PCC. These
buses cover a high mileage and are now becoming irKreaslngly unr8liabl8 Bnd costjy to r8P8ir After numerou$ dIs￿$S1￿S
taking place bethon W, PCC and TFW rt has bèan admsed that the ￿h[do5 will rwaced in th6 second quartor of
2026.
TFW wll be moving tow8rds a new Bus Franchising Mod•l in 2026 with sOuth￿￿t Wales belng the first area (lesl bed) to
move over to this system. This will include the Fflecsi service end pwr aro in ￿nSUltatiOn with TFW, ak)NJ PCC, to see
how this may b8 lrnrlomented. and wh•thèr it will bg wable for a small Communlty (knrator such as to bKI for
the franthise.
An issue came lo IKdht therety the Fflecsi drivers had b&an woNing an'addltional hdiday payrnnt in their pay whlch
from Ihe ￿l91n81 Fflecsi Trfal Contract and covered variance in hours MY)rk8d before the set FKJurs eontred was agreed. The
trust*8s agreed that 3 months would bg a reasonable perfod of notica to that thi5 payment would cea88. Tma
NomTrn sent 8 ￿y￿lt￿n ¢ommunication to the drlvarn è4)18ining the issue and othsing that the Pa￿￿ent would caase 31Xh
Seplembfjr 2025 and thero ￿1)uld be no r&dalm by W of sysvious PayTnenls made.
An annual increase of 3.5 parcènt W85 a￿eed for W stsff and %%ith the FI18￿1 drivers pay Iner$45ing to £13.05 por tsjur.
an increase of 32p whlch brings tham into lin8 Wth the PCC Fflecsl drlvars.
The My Travèl Pass scheme has baèn adopted which enabl&s cheap travel f<¥ younger Peo￿8. Th& tickèt machines have
been updatod on both Fflecsi bu88s and clBlmba¢ks wll be pmcessed on o monthly b8818 by Anthew Llowl thtr Ffl￿￿1
Co-ordinator
Tho Mamorandum of Undorstanding b8tw•èn PVT and RVS ha6 boen rgnowed funding having been ob181nod by RVS
from PernbrokeShS￿ County Council to continue the RVS County Cars Wheelchair Acc8&8ible SeNce for another y8¥r.
PCC also grant P￿ vrith a mileage allowance to halp fund this s8r¥i￿ This partnershlp, %thore RVS SUp￿Y the Volunta•r
Drivws and W sUp￿Y the Whè8leh8lr A¢cessible Vehicles and thè Bookings Officor. cL*ntinues to S88 a rise in denwnd
and 15 grgavy appredated by tha cliants vtho use it. As y￿th all organisalions reliant on volunteers. 11 doès present its
challenges. but pvt have a core of highly cornmitted RVS Volunte&r Dri￿rS and a Co-ordinator, hava gnobl$d in
e￿$S of 70 booking$ por ry￿nttt throughout th8 last y8ar.
In April, 8ri8n Hough, the Company Setretsry l Trea3urer suffered a serfous Illnèss and made the reluctant decision to retire
from both posrfions. A retirement dale of 31108]2025 WB8 agreed beknn Brian and th¥ tru$tees, and an interim proc888 put
in plac£ to cover both roles. Peter Par80ns (Trustee) aora•d t¢ meet vith Brian on A regular basis to und8rstsnd th8
comple￿ty of the financk?I processes developed by hlm over many ￿or8. 11 was agread that a ph8s8d handover ￿￿Uld be
bast wlth Initi811y the invoicing for the separate bu$ln•$s artt8S to be carried out by the relevant ¢Owordinators, Kelli8 Lowther
and Andr•w Lloyd. with payments out to be made by Miko Jories This would then r81&888 some of the pressure on Bn"an and
enable him lo carry on ￿th updating the {￿l¢kbookS Accounting Package. It was agro&d that th8 ¢wrdinators ￿￿Ul￿ bo
paid for any addit4Dnal hours work¥d during this ex8rcise
At Ihis ￿￿nt il was decaded that it would be on id881 opportunity to stroamlina tha invoiryng and pawnents procs$8es by
going lo onllne banking, wlh all invoices sent el8ctronlcally by em8il and incoming paym&nl$ made direct into Ihe CoM￿ty
bank account. Thts process worked ￿?11 with an improv•m•nt in cash flow and reduced eo$ts for pa￿r, ink aTrJ postag8.
This also priyjuced an environmental bènefit of reducing the eompaniès ¢arbon footprint thereby making it a m
sustainabl• oryanisation. Access lo Quickbooks and Ihe comp8ny bank account were grantsd lo Ihe c￿rdInatorS and Miko
Jones wlich helped bulbj 8(xne rg3ilience into the system in3tÉ8d of thère being a single point of conts¢t.
Th8re w85 also a rew•w of th• Finan(xal Authority Levels wSth c1&4r gui¢J¥line8 agreed for wh8n prior authori8atron was
requlrad from the trustee5 for stepped levels of spènding Ilmlts,
As part of Ihis proc•ss Peter Parsons developed a Cash Flow Forecast vthich now breakg doym inwrne and costs Into thè 4
Separate tr4Jsiness areas and can be used lo give a more in depth ÈnalyBi3 for the Financial R*pDrts to the br-monthty
Truste0$ mee￿n9$. 11 can also bo u$9d to m8kg more informed deci8ion9 on financial rnatteTS going forwards.
Brian was thanked by tho trustees for his many years of dedicated service to and a small tc4(en of aFproclglion was
presented to Brlan and hi$ wrf¥ Sug.
Tho Company Registered Office has now be8n changed lo 45 High St. Haverfothest, SA8128P t•thlth 1$ thtr office of our
accountsnts. Bwan and Buckland. All necèssAry parbos have been infomied.
Page 1

PEIA8ROKesHIRE VOLUNTARY TRANSPORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2025
In June. a replacement WAV NK218HV, a VW Caddy automatic wth an AutomotNe Group ￿nV¢r910n. wos supplied by
PACTO on an SLA Free Lease Agreement and was fundèd by Th& Motabilty Foundation. This was a r&placemenl for the
vehicb WBIgBXG prewously supplied, and wh￿h for varlous roasons, was found to bè unsL4itable for Ihe hmde V8TYaty of
vthé8lehaits encountered by ￿ when operating the RVS County Cars WAV Sèrv￿. This is the first automatt¢ v8h￿¢ to
added to th8 fleet and wll be of grggt b8ntrfft to both the volunteer and also when a hirer would prèf81. or 1$ on
lIce￿ed to drive. an automab"¢ V9h￿Ie.
PACTO Jso SUP￿led a new Peugeot Boxer Minibus RJ25AGU, again fvnded by The Molability FoundalSon, and cn a F
Lease SW as a replacemgnl for tsntr of the older vehicles owned by PVT. At thks point of the oldèr MIn￿)￿S&s. 'Ruby
Mnd Stacel, were sold and thè prO￿edS Cfedited to the W account.
Pl￿ conlinu•s to supF4y the quarterfy informlN?n to Tronsformalion Team to enabyo Ih8lr repNbng back to the M￿bility
Founda￿On.
With the 8tea(Iy growth of ￿ It hos bec4Jme clear Ihal tho Qrgonlsatbnal structure may need revk¥win9 to koop pace wr
ongoing 90vemar￿a 8nd operational commitments. It wms agreed to approach The Cr8nfièld Trust who are a pro t*)no
consultsn¢y or98nisatson Spe￿alIs1ng in charfty VKJrk. From on initial con￿ls4b0n 11 vra$ agre8d that Peter Parsons would
198d thls process on behalf of PVT. Th• first stage of the proc*s5 WOS to eomplete a 'Joumey tts EX￿lIèn¢£. assessment
vknich helped lo Ident￿ the strengths and weaknesses within tt)tr organtsatlon and identify g3ps Ythere improvem8nts could
be made. This thgn g8nèratsd a base line scor8 which could b& used to measure 8ny improvements made. A rnenlor w88
alloratsd by The Cranfiekl Trust and 1hg init181 frame¥￿rk was agreed. Unfortun8tdy. du& to numerous faclor3. induding
8om& $an¥)r slaff absences, il wa5 drfficult to achl8v8 the necessary tirn•linès for the prciect and f( w88 agre8d that tt should
shelved until 2026 when there may te more capadty. Th8r& are however a nurllbw of Impr0￿mants already
implefflented, espsclally around the fmanrAal proc￿898, whi¢h hav8 holp8d to fi1180me of thè 9aps id•nttfi8d.
It Was agreed that ￿ sh(wld undergo a re-branding exercise which would h&lp to promote the organi8ati<)n and incrèase
publlc awareness ol knho wo arè, and %Yhat we do, Kdlie Lowher was 8sked to lead this project and has to datè consulted
th Web Adept lo design a new logo and strJp line gdditionBI promotional materia15. The now logo has tttn agreed by
the tNstsos and th8 process is du8 to continuè in Qtr 2 2026 with a launch and rebrandiryJ of vehicles.
PW hos always had a harmnious worklrKJ relationship wfh PACTO. In foct W in5tMJated the inception of PACTO os an
organisation in 2012. Thare have recenuy been many disagr8èm&nts ond divergence of v8lue5 b8t%4*•n the
organisations and. fina Nonnan being ad￿.￿d by th& Board in Jurrf lo rtrsign hor posthon as a Trustee the
PACTO Board. there was no other PVT Trustaè who wshod to )111 the va(3n¢y. It was unanimously agreed by PVT Tru8t88s
to infomi PACTO that we no longer wishèd to be a member of the orgAnlsatth. Dis(#JssKJrffj continu6 on th& vghlcks
supplied under the Fre& L￿se SLAS.
An In￿81 m•dng took place belNRen W and Dolon Teth, vtho are a larg8 Communty Transport Organisation oper8thng
primarily in lh8 Ceredigion and Carmarthonshire rns. A presentation was given by Rod Bowen lo illu$lratè th8lr business
model and lo comparè notes on working practice8 belwgn the h¥0 Organisat￿n8. It Was 8grèèd that *rJuld develop a
chjser working rèlth'onship ￿th Dclen Toffi would b8 mutually bon•ficial for both OTgani5ètions. Further meetings were
planned lor 2026.
The AGM was h•ld vl8 T&4MS on 28th November 2025. P8r8orts present were Tin¥ Nom￿n- Chalr. Poter Scoblo- Trustsg,
Naomi Reg6 - Truslaè. Slmon Jones - Tnjstee. Petèr Parsons Trustee, Kelli8 Lowther -Trustee. Mike Jones
Admln.
Andrèw Lloyd - Fllecsi Co-c¥dlnator. Dgbbie Johnson- PCC, Rhys Richards- PCC, Mwgorate Vickery-Advisor.
Apologi•s
SIrnc￿ Rl¢k8rd RVS.
The minutes of th8 pre￿Ou$ AGM wèrè prcwised as a truè rn¢ord by Kfjlll& Lcpmher ￿ Seco￿led by Naorni R￿.
The Chaimans Report of tha prevlous meeting werè aee•pt•d gnd proposed by Peter Parsons and seconded by Kelle
Lowther.
Ehctlon of Trust••s.
Peter Scoble- Proposed by Kèlli8 Lowth8r- seconded by Naomi Re8s. Agr•8d unanimcusly
Kdlie Lowlher- proposed by Naomi Rees- secondèd by P•tsr Parsons. Agreed unanimously
Naomi Re8s- proposed by Mna Norman- saeonded by Simon Jones. Agreed unanimLiusIy
Swnon Jix)•s- proposed by Kellie Lovthèr- S8￿nded by Naomi Rees. Agwd un8nlmously
Peter Parsons- PTOPQSgd by Naomi Regs- seconded by K911ie Lowther. Agreed unanimously
Pago 2

PEMBROKESHIRE VOLUNTARY TRANSPORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 202S
Appointment of New Chalr
Peter Parsons agreed to stand as intèrim ehair on the proviso that a new chair was Mcrurtod extemally.
Prowsed by Tina Nonnan . seconded by Kollia LovAher. Agr8&Y unanlmously
Tina Noman tendered her offlclal resignation as Choir. She th8nked the trustegs for giwng her the opportunity to sèrye thts
organlsatlon 8nd related to that ol a tree. wtrth mony different brBnthgs which all requir8d watering and nurtuiing.
Peter Parsons offw8d thanks to fina for her years of to and aL80 lo Braan Hough had recently retlred duo
to ill hgallh.
Approval of IndO￿ndant Examln•
11 was 8gMd lo continue to UBe Bevan and BLK4(land vtho h8d been tho Indopondent EyamineTS for P￿ since it first camè
into being.
Applieation ol SU￿1￿
P&tèr P8r8ons suggested thal the prewous years surplus should b8 allocated lo the rebranding ex8rcis•. This was prow)s8d
by K¢llio Ltswthef and 8econded by Naomi Rees.
Closlng Statsments
Peter Parsons lald out a broad ag8nd¥ for tho first three months of the r￿W year and it was 8grggd Ihat Tina Norman hDukl
r•maln in an advi80ry cap8city along ¥Mth Maoarate Vick8ry, both hawng the benefit of many yoars of eX￿rI￿ne* devaloping
PVT from il's humble beginnings into the organisation that w6 seè today.
Debbie Johnson also offored har thanks to Tina and Brian on behalf of PCC and Sald th8t sha w88 looklng foThvard to
working v￿Lh thè now ￿ Tèam going forward.
Obl•¢tlv•s and alms
Pembrokeshire Voluntsry Trxn3POrt exists lo provide relief to thè inhabitants of P•mbrok8shire and its enwrons, who hav8
need because of age, mental or physical di¥ability. tsr poverty. mothers wilh young childrtrn or living in Isolated areas
gre there 18 public tran8POrt faalites and in particular bui not 80 a8 to limit the generaltty of the lomgolng-_
To prowdo and mainl8ln non-profit ctsrnmunity transFOrt services. and
To assist the charitable work of organisatlons and bodies engaged in promoting the reli•f of such persons through tho
prowsion of appropriate serytces.
Publlc bgnefit
The Trust8es havo had du8 r8gard to Charity Commission guidance cffj Publlc Benofit and Ihl$ annual report of Ws
8th¥￿e8 clearty demon8trate that these objects ar& balno fvlly met. We continue to prowde both 8 range of comwnty
tran5POrt services in a number of wa*B to m88t the neods of P8mbrok¥$hir¥ inhabitsnts identffied in the objects. Bnd to seek
ways of providin9 similar seNeès In nw area$ lo meet the needs of other inhabitsnts.
ACHIEVEMENTS AND PERFORMANCE
Charltable actIvl￿e8
Wè continue *ilh thè provI$￿n of group transport services thrO￿h¢￿jt Pèmbroka$hlrg.
R•prns•ntstlon
PVT continues to r8pr8sent the interest of communtty grr)ups and indiv(dual$ within th? Pembrokeshire areg, 8skwéal(y
those who 8xperienee problems *ith normal tran3POrt facilit￿s.
FINANCIAL REVIEW
Prlnclpal funding sourc•s
Total funding ￿¢S1¥￿d was £298.17712024 £311,218) and ￿SOurceS &yp8nded sjurfng lh& yè8r 8mounl to £308,033 12024
£294.419I resulting in 8 deficit Of £9.858 12024 surplus of £16,799}. Total fvnd3 held as at 31 Dacambèr 2025 am(￿nI to
£132.441 12024 £142,297) of which £132,33S 12024 £142,172) 1$ unreslrictod and £106 {2024 £1251 is rnstrict8d.
We mly on hir8 costs from our ecc855ible Mini￿Se$ and Wheelchair Acc8ssibl8 Vehlcl&s. 8$ well as support frorn
Pembrokeshire County Counul's transport d&partm8nl for our North West Pembrokeshire Fflescl SeM¢g and for providing
acces8ible vehicles lo the Royal Voluntsry Servic8 Accessible County Cars Serva[￿. and from the South Wast Walas Bus
Support Gran( to ￿p our servw running.
Wts aim lo keep our costs and charges at an affordable and sustaln8blè lèvel.
Page 3

PEMBROIWHIRE VOLUMTARY TRANSPORT
REPORT OF THE TRUSTEES
FOR THE YEAR ENOED 31 DECEMBER 2025
FINANCIAL REVIEW
Reserve$ pg11
A reserves policy for the organisalion has be￿ fomally agr¢ed, In Ilno with rocommended Frtice of thg charity
CommissK>n. In currènt circumstances. the Boord recc¥Jnises the need lo malntsln adequate re8grvg3 for IhE org8ni5ation
realisod through sound manag&m8nt of availabl8 resources, making sensibl8 FKovision for Ihg lulwe and to cowr any d8fidt
in funds for actMti8s for which fulure fvnding may not be Secured.
It is estsblished that the gen8ral raservès takè into aceount thra8 months, overheadslrunning cost8,' provision against th•
8k of fvnding ￿1￿9 r8cLgimèd by funders., sufficient funds lo cover any d0￿Cit in re￿urceS for rgstrictèd projects or eore
actlvtN8s that may not bo frjnded in fvture., suffirient worktng CaPlt81 to financ8 Cash flow shortfalls anticipated f￿ any
restricted project or programme and suffld8nl fvnds to tyJikl up 8 r&seNe to cover replacem8ni of vohicles. Th8
organisation's required level of fyservo$ 1$ £90.0(Xl. Th8 level of r8serves is catwlaled 8nnu811y in order thAt th• Board can
establish an appropriat• ltrvsl of r•9ÈMs for thè eoming yaar.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Govgrning docvmant
The charity is controlled by ils govemFrg docurnent and conslrtuies an incorporated charity. limited by gu8r8nteè, as definèd
by thg Comp8nw Act 2¢)06.
RecThitment and 4ppolntrn•nt of trust￿$
Management Qjmrnittee mernb8r$ 8r* èlactsd Ind1￿￿￿91￿ gt tho Annual Genoral Meoung. Only ￿dIvidual Mem￿[¥ of thè
company or ￿r¥on8 nominBted by organisolions which are members may st8nd for eledion for lh& Managèment
C(¥nmitlo&.
Organi•atlonal stru¢tur•
Mr P Parsons - Inlgrim Ch4Ir￿￿¢)n
Mr P SrxJble- Trustéo
Mrm Jongs-Admin
Mr S Jones- Trustee
Miss N Re8s- Trustee
MrA Lloyd- Ffl•su S$Nc• C04Ydinator
klrs K Lcwther- Trustse I Wav Cctrordinator
Mr T Re￿OIdS- Driver
Mr M James - Drfver
Mr C Payne- Driver
Mr P Harv8rd- Drwer
Mr D ma￿ed- Relief driver
Mr K Jame8- Reliefdriv8r
Inductlon and tr•inlng of new trustw¥
Trustees follow an inducty'on programm8 a5 rec4)mmend￿l by the Charity Commission. Trusts8s 9tt8nd training ccyjrses
provided by PAVS bthere appropriate.
R•lal•d partlfr8
Al thos8 charged with govemonce (director8 or Iru81e8s}, key managoment Pgrsonnel and any IndI￿dual or entlty thot ha8
Control ol the charlty as well as thdr spouses, domg$tic partners and d8pendents ar8 related parties. Rdated party
transactions are detsiled in Nots 12.
REFEREt4CE AND ADMINISTRATIVE D￿AlL3
Registered Comp•ny numb•r
03865537 (England and W810s)
Regl8tsred Charlty number
1078690
R•glst•r•d offle•
45 High Stre8t
H8verfordwèst
P•mbrokeshire
SA612BP
Page 4

REPORT OFTIIE TRUSTEES
FCII ThE YEAR ENDED 31 DECÉMBER 2025
P Sccèfe
trB T Noffl)on (rowg￿￿ 28.11.251
SRJoMs
MB N R8È8
P O Parno¥
M¥KDLo*tt
Y S l•)wnled 4.2261
Indyndent ExAn￿n•r
un Ev*ns FCA
Bwan Bur￿and LLP
45 Strsot
Hoverlord¥wst
P8Mbrok•￿m
SA612BP
ThiB rgport has been aC￿r￿an￿ the speckil pro¥lthn8 of Part 15 01 the Compwnw8 Act 2008 rnlaurwj to
$m811 oynponle&
Approwd by of the br*rd oftrustw o
J.91.0.4126.....................
and $lgr*d on it6 btholl by.
Paterth¥errfergM*(ApF.14:.èJQ6QS'.t4:.24.GMknIb....
P O Pwson8. TN8t•e
9•5

DEPENDEMT EXAMIMER'S REPORTTOTHE TRUSTEES OF
PEMBROKESHIRE VOLUNTARY TR￿SPoRT
Independ•nt •xamkn•rts ryrtto Ih•tnthts•* ￿ P•nbFDk••hlr• Volunt*ryTr•Mportnh• C(¥ryMn
l ty) ¢h•rtylnMt￿st)n my exanlnallon ofthe ofthe C￿nY10rth8 orJd•d 31 Da¢•mW2￿2S.
Rwpon•lbHltl•s and bo•l• of r•port
s thè eh#ritys tru#taas ofth• Crmpany {and aso dlr•ctorB for IP• pUrF￿1 of law1>￿￿ arB rnspQn￿b1ty lor I
pr•pwaYon of Iho act0￿15 kn AwrdaK• *4th the r•Wr•meth dthe Compank8 Act rtt* 2006 hLt?.
8etiBfied myBdf that Iho a¢￿￿ts ofthg CIMn￿¥ arn Tr)t r•qulred io t• audrtod ￿der Port 16 01 tho 2006 and
ar• dvjlble fgr uMkpe￿rtI examA*1￿. l rnwt In rosF*d ol my •yAmwiation of your a￿Urt8 as carrhd ¢)ut
undw Sectlon 145 clthè Charltiès Ad 2011 2011 AEn. In wir¥J my wmlnalknn I have thg Dlr
gN•n by ihe Charity C0nYnl￿n under S•(*on 14451 Ib) oftho 2011 A
Ind•p•nd•nt •xamln•e8 8tat#m•nt
Sinc• ycw chartys gp)4B Ir￿m? excwl*l £250.OC41 j￿r eK4rninor Ix • mwthrof a lithd trhgty. I can eonfimi that I
am wotlfted to ￿dertak? o n*NlJ8r ofthe ￿￿01￿100fchartofo￿ Awt4nt8 In Engl￿ •r•l
Wakn. *thlth1s OM oflhe listod bcrtlio¥.
I h•v• compkted my èy£rnlnaOon. l cordlm) that no mthT¥ com• *) my att•rfon kn conrth T*llh th•
9V￿r￿d m• (auso to
4c(¥)unUng rncLYds nDt kept in r08F*Ct ofthg 01 rnqdred bY8￿11)n 386 of 2006 A¢ or
8 8¢counts do not accord wtth r•cc*d8'. or
thè ￿Unts (kn not cornFly with the accounlng Taqulrement8 of 396 tsf thè 2rf6 olhgr lh￿
Mqulrement th8t tha accthjnts a truo and fair **l•w 18 nol a rnaltar cthsklwed as part of
axAmlnalson' or
thè 9¢L￿ts hBvo n¢A boon wepo¥ed In accord8nc& *lth tr• m•llw)d8 ￿ndpIeS of thè Ststwnert of
Re￿Tr￿8￿18d Fr8de• ocMunting and reporting by ¢hwilies1oprAKa>l• lo tharitses weparing their a¢￿Unts In
with th• Firthnd&l R•pullng Stsndard applicabkn kn th• LK RgpUbl￿ of Irwland {FRS 10211.
I haw no wrK¢m$ •rh4 hfi¥e ¢cmo ￿8$ no othor matters In ￿nn0￿kIn ￿th the wrninafjon to att•ntlDn slwld b•
drawi h th18 reM In orderto enob* A woper under81andlng oftho acC￿ts b) be rOBthBd.
un Ewan¥ FG4
B•van Bu¢*Fond LLP
charter￿ Acwnlants
45 Hlgh Streel
Pembrokeshlre
SA6128P

PEMBROKESHIRE VOLuKfARY TRANSPORT
8TAYEhlENT OF FIIIAN¢14L ACTivmE3
ONCORPORATING AN INCOME AND EXPENDrruRE ACC(XJNT)
FOR THE YEAR ENDED 31 I￿EMeER 2025
Total
fvnd8
8 reststfd
fuwAIB
nd8
Donalons and18gad88
1.151
1.151
30,525
Chrlt41I• actlvlll•s
Comrnw￿ty Tran8Wt
64.642
84.642
63.741
Olhertradlng •GIMi
232,884
232.384
216352
Totsl
2911TI
298,177
311.218
EXPENDITURE OM
Rglsknu fund
14.833
14.633
ChAritsbKy acthil
ComrwnltyTranswl
293.381
19
293.41JO
294.419
Totsl
3C*.014
19
30B.033
294.419
NET INCOMW(EXPÈ￿ITuREl
(9.8371
(191
(9.8561
1(799
RECONCILiATIQN OF FUND8
Total lund8 brougm I0￿0rd
h8 pr¢V•JuBty rewted
Prior ￿r ¥dlu6trn•nt
130227
11.945
125
130,352
11,94S
126Ag8
142.172
126
142.297
125Ag8
132,335
132A41
142,297
Tho not6s fcfm part ol Ihu• ffinandal 6tat•nw
Pag8 7

PElABRO1￿m1RE VOLvpifARYTRAPISPORT (REGISTERED NUMBEK. I13B￿l
8TATEMEKf OF FIMANCL4L posmoN
310ECEMBER 202$
2025
2024
Toi81
fwids
nd$
fvnd¥
fiJTrJ8
TarvJik49 assets
11288
18.288
26MI
CURREMT A88ET8
41.376
41.3T6
82.316
78.11
53I63
C88h 81 ba
123.585
1￿,651
131.918
CREDrroR8
A￿o￿t& duo *lthln ong
10
19,5381
19,&78)
{ISA02)
NET CURRENT ASSETS
114.047
108
114,153
116.416
TOTAL ASSET8 LESS CURRENT UABiullE8
131335
106
132,441
142.297
ASSE
132.336
106
132.441
141297
11
132.335
141172
125
Re81rtd•d fijnth
TOTAL FUNDS
132.441
142297
Th8 charitsble ccmpany gntillod trj •x•mpMon from undw so¢ti￿ 47T Compan108 ￿￿2008 lorlhg w•Jod
31 D•c•n*w 2025.
The nwmbera hava not TequlrBd Ihg compuny to obtaln an Aurfl of b finwAal 8latem8nts for the yew eThled
31 Docember 21J25 In aca>rdanco wlth Sqctlim 476 of th? Compwniu Art 2c￿.
ThE Intsiees e¢knw)4*dge thelr ro8poMiilth•# for
{91
•nswing Ilb3t the mmp•ry aL¥AmUng reeorth that Sqc15ons 386 387 of lh•
(bl
PT•parfng flnanclal stat•moniB grve o true and fvir vww of Ihe ¥tat8 of thaSrg of th• charfldAè r•ryny as al
th6 end oleach ffinondal >wr and of fa SurylL￿ or defiryt frJr 8B¢h y•8r kn accord8ncg tIKI rqwr8merts
of Secllons 395 *nd otheM#è ft4nply V+ilh th r•qulr•m•nts of the Cornpenles +ld 2006 to
ffinanCI￿ stetern￿lS, BO far as aP￿Icab￿t9 thg charitabkn coThwny.
Th888 ffinandal 6tstomonts bogn prepwBd n accordan￿ *ith tho Fmi8KmS •pplk4bl• to dwrtable com￿1188
sutlectto cory8nlg$ roglm
Th9 )Inendo1 slatrrMts ppproved by th8 Bowd of T￿￿ arxl Tra8u• on .............................................
and wern silmed on it8 t¢haff by.
21 14 24 GMT+11
P O Pw8on8- TFUg1••
The nrtsB form dthBseffinBnolql Statw
Pago 8

PEMBROKESHIRE VOLUNTARY TrANSPORT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
ACCOUNTING POUCIES
Ba$ls of pr•parln9 tho financlal stst•m•nt•
The financial statements of thè charitaNe company. vthlth is a public benefit on￿ty under FRS 102, have b89n
pr8p8red in oceordanee with the Charilies SORP {FRS 1021 'Aeeounting and Reporting by Charilies.. Statement of
Recommendad Practic8 applicable to ch8rikn'e8 preparing their accounts in accordance wth the Finanaal R8POrting
Standard applicable in th& UK and Republic of Ireland IFRS 102} laff&th"vè 1 J8nu8ry 20191.. Financial Reporting
Standsrd 102 The Financlal Reporting Standard appli<*E￿￿ In the UK and R8public of Ireland, and th• CL¥npanies
Act 2006. The financial statements have been preparèd undér th8 historical cogt convention.
Flnancl•l rgportSng standard 102- r￿U¢•d d18clo8ur• *x¢mption6
The charitable company has lak8n advantage of the follovAng dlsclosurè 8x8rnption8 in prep8ring 1h8se financKel
$tat¥mgnts, as permitted by FRS 102 The Finanelal Réporting Standard 8pplic8ble in th8 UK 8nd R8publi¢ of
Irelond.:
Iho r8quimm8nts of Section 7 Stalgm$nl of Cash Flows,.
the Tequlrement of parègr8ph 3.17{d).'
thg requirements of paragraphs 11.42, 11.44. 11.45. 11.47, 11.481aMllil. 11.48lallfv). 11.48(bl And 11 A81¢1',
the rèquirements of paragraKths 12.26, 12.27, 12.29(al. 12.29lbl and 12.29A'.
thg rewirgmgnl of paragraph 33.7.
Incom•
Income is recognis8d ￿an Ihtr Ch3rity has eniiti&m8nt to the funds. ony performan¢# conditions attached the the
itsm {sl of Income have been met. li is prob8ble that th8 incom• will be rec8lv•d and th¥ amount can b& mèasured
rellably.
Where irwme has relot8d ayponditvre las wth fundraisbng or eontract incomel the income and rdat•d •xwditure
are roported gro89 in tho Statam•nt of Financial advib&$.
Donations and grants are recognis8d vth&n rg¢eiwable. In Ihe evant th81 a donation 15 subject to fvlfilling
perf0m￿ce conditions b￿Or8 the Charity is entitw to the funds, th& incomè 15 deferred and not recogni8￿ until i t
is probable th81 Ihe that thosa ￿l¥jitIonS will be fulfilled In tho ￿￿rting period.
Interest on d8posts hgld is included vknen r8¢8iv8ble and the amount Can b• mèasured rellably by Ihe Charity whieh
18 nornially upon nots'ficotion of the interest paid or by tha bank.
Expendiiur•
Al expenditure is 9￿)unted for on an 8eeruBls basi8 arbj has ba￿ eL*sifi8d under ￿ading5 that aggregat8 011
cnsts related to th8 rategory. Where costs cannot be directly attributèd to Partkular headings they have been
allo(xted to activities on a basls ￿n￿lstent wrth the usè of thè resources.
Support costs are mède up of administration and managernent, finance cos15 and gov&mance costs. Govemanc£
costs are those costs incurred in CoMectiC￿ wth tha Ix>mpllance wth constitutional 8nd statLJtory rèquirÈm8nt$ of
thg Ch8rrty.
Tangible fixed ass•t$
Tanglble fixed assets arè stated at cost less accumulatsd d8precAation. D•pr8Ci81ion is provid•d to ￿11? off the cost
lèss gstimated residual valu• of tsngible fixed assets by equal in$lalmenls over their estimatsd usefijl econom1¢ live8
as follows..
Plant and machinery
Motor vehic￿8
15% reducing balancè
20% on cost
All fix￿ assets a￿ held lor continuing use in the charitys adiwti8s and ar• r8eorded al cost at thg time of
acquisition.
Taxatlon
The company is considered to pass th8 tgsts set out in Paragraph 1 Schedule 6 of Ihe Finance Act 2010 And
therefor8 m88ts th& definition ol a Charitab￿ cc*npBny for VK corporation tax purposes.
Pao8 9
¢orfnued..

PEMBROKESHIRE VOLUNTARY TRANSPORT
NOTES TO THE FINANCIAL STATEMEPITS- eontlnugd
FOR THE YEAR ENDED 31 DECEMBER 2025
ACCOUNTING POUCIES • tonllnu•d
Fund accountino
Unrestricted fvnds are incoming resources ￿¢￿1¥•blO or generated for th9 okyects of the charity ￿ythoUt further
Sp8c#r￿d pulp0￿ 4nd Are available a8 gen8rBI funds.
Restricted funds can onty be u¥ed for particular restrictsd purposes wthin the objects of the charity. Restrictions
arlse when specified by tho d￿or or when funds aro ralsgd for particular rg8trictsd purposos. EN￿nd1bJr8 which
moets these criteria is char98d to th& fund, tOgeth8rwlh a fair allocation of management ond support Costs.
Design¥l¢d fvnds aro *Jnds garrn8rk•d by tho I￿￿te86 for a Pl￿ul8r purposes. Thèy ar& not restricted and mako
up tha unrestricted resem$.
Further explanation of the nature aThJ purpose of èach is included in the notsg lo the financial 8tatomènls.
P•nslon costs and oth•r pOst￿ttIrement bgnrfits
Th¢ ¢h8ritable company operatès a deffined contribution p9n8kJn scheme. Contribubons payable to th8 ch8ritabl8
Companys pension schem• are charged to the SIAt8m8nt of Finana81 Actiwties In the period to whlch Ihgy rolate.
Preparatlon ofth• accounts on a 9olng Co￿eM b￿0
Tho Irust8•s hove considered the financial performance of thè Charity for the foresg0gble fubJr&. in particular. the
next 12 to 18 months and are confident that the Ch8rty is a going corKem.
D•btor•
Trade and other dèbtors are rew3ni58d St the setuement amount due. Prepayments 8ro valued at the amount
p￿paId net of any discounts du&. Accrued incomg is in¢lLvJgd at best estimalg of th• amounts receivatrAe at lh•
balance sheet dats.
Ca*h and cash •qulval#nts
Cpsh aThJ cash equivalents comprise cash in hand and demand deposits th81 are roadlly convertibk to a kntr*n
aTrK)unt of cash and are subject to an insignfficant risk lo ¢hang•s In value.
Crndllors
CrwJilof$ aro racognised ￿ere the Charity has a present obliy8lion msulting from 8 past event Ihal will probably
result in the transfer of funds to 8 third party arKI the amount du8 to selug tho obligation can be measurod or
estimated reliably. Credilgrs Ar• nomialty Tecognissd at th•ir settlement amount 8ft8r allwng for any trod&
dlsccMJnt8 due.
Finaneial Instruments
Thg Charlty only has financial assats and flrAni¥al li8blitl&s of a that qualify a5 bosic financkql inslnjmènts.
Basic finanryal in$trumenis are initially reex)gnOsed at transactK)n v81ug and sub5eq￿ntty m¥8$urgd ot thelr
5etllemenl value.
OTHER TRADING ACTMTIES
2025
2024
os restated
Liv8 lfjlomètre Support Grant
PCC Dead mileago grant
Vahid8 hire chary
Miscellaneous income
lecsi bus ¢(￿rdinatOr SLA
School bus service
15,181
11,518
205,685
16.191
11.945
178.910
3,420
8.482
232.384
216,952
Pag8 10
ccntinued...

PEMBROKE8HIRE VOLuKfARY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - eontlnu•d
FOR THE YEAR ENDED 31 DECEMBER 2025
NET INCOMEI{EXPENDrrLIREI
Net income11ex￿￿lIture) 18 3tated after Chargin￿{cradl￿ng)".
2025
2024
88 rest8t8d
D&precption- ovm8d assets
Surplus on dlsposBI of fLxed 8SSèt$
Ind•pènd￿t exaM￿er$ fee linc VAT)
7.593
18,5001
2.367
7,625
2,274
TRUSTEES. REMUNERAnoN AND BENEFITS
2025
2024
as restat8d
Trustees, salBng8
6,758
TN•tr••s' •xp•ns•s
2025
2024
os reststod
Tw8tees' eyp8ns8s
382
371
Payments were made to trust99$ to T¥imbuTse expenses incurre(l on behalf of the charity.
STAFF COSTS
The av8r8ge monthjy number of employ88$ during the year was as folbw8:
2025
2024
as restated
Drlvers
Company 8g¢xetary
Project CD-ordinBtor
Minibus Cwdlnator
Acxessible Cars Co-ordln8lor
10
No employ888 rèeèived emolurnenls in excess Df £60.000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNMES
Unr881ricted
funds
Restr￿t•d
funds
Total
funds
as restBt8d
INCOME AND ENDOWMENTS FROM
Donations and legades
30.525
30,525
Charltable a¢tlvltl•#
Community TranBPOrt
63.741
63.741
Oiher trading ac11wt￿S
216,952
218,952
Total
311218
311,218
ExPEND￿vRE ON
Pag8 11
continued...

PEMBROIESHIRE VOLUNTARY TRANSPORT
NOTES TO THE FINAMCIAL STATEMEKfs - contlnu•d
FOR THE YEAR ENDED 31 DECEIABER 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNmES- corrtinu•d
Unr8Stricted
lunds
Rostricted
funds
funds
as restated
Charitablo activi￿•*
CommLtrnity Transport
294.396
23
294.419
NET INCOMEIIEXPENDrruREI
18.822
1231
16.799
RECONCILIATION OF FUKDS
Totsl funds brought fornrdrd
125.350
125.498
TOTAL FUNDS CARRIED FORWARD
142.172
125
142,297
PRIOR YEAR ADJUSTMENT
The prior period adju8tmenl in tho 2024 accounts is 8 resum of an undgrstotgment of IrKome and debtors In lh8 pyior
year. IncLJme was underststsd by £11.945..
TANGIBLE FIXED ASSETS
Flant and
machlnery
Mott
Totals
COST
At 1 January 2025
Disposals
12,374
60,240
123,245)
72.614
123.2451
At 31 December 2025
12.374
49.369
DEPRECIATION
At 1 January 2025
Charge for yg
Eliminat￿1 on disposal
11.090
35,643
7,399
123,245)
48.733
7.593
123,2451
At 31 De¢emb8r 2025
11.284
19.797
31.081
NET BOOK VALUE
Al 31 December 2025
1,090
17.198
18.288
At 31 December 2024
1.284
24.597
25.881
DEBTORS: Ahiouiffs FALUNG DUE wrrHIM ONE YEAR
2025
2024
as r8statod
Incoming resour￿ du&
other debtord
Prgpayments and acuued inwm
29,063
4.622
7.691
49,545
21.206
7,304
41.376
78,055
Page 12
continued...

PEMBROKESHIRE VOLUNTARY TrANSPORT
NOTES TO THE FINANCIAL STATEMENT8- eontlnu•d
FOR THE Y&4R ENDED 31 DECEMBER 202S
10.
CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR
2025
2024
Bs r8stsled
Suppliers invoi¢8¥ payable
Social security and olh8rtaxgs
Other credrtor5
3,117
3.507
2,914
2.946
9,732
2.824
9,538
15,502
11.
MOVEMENT IN FUNDS
Prior
year
adlustmenl
Net
mov8mant
in funds
At1.1.25
31.12.25
Unrnstrlctod funds
Pembrokeshim Vduntary TransF
130,227
11,945
19.8371
132.335
R•striet•d fundB
sww￿CH
125
{19}
106
TOTAL FUNDS
130.352
11.945
19.8561
132,441
Not I￿vement in funds. indud8d in the above are as follow5:
Incoming
resources
Resources
expended
vernenl
in lund8
Unrestricted funds
Pembrokeshira Voluntary Trdnsport
298,177
1308.014
19.8371
Restrl¢t*d lunds
SWWITCH
(19}
{191
TOTAL FUNDS
298,177
1308.0331
19,8561
ComparntiV•8 for mtyMn•nt in funds
nw)vemènt
in funds
At
31.1224
At 1.1.24
Unrnstrlctsd fundg
Pembrok&shire Voluntary Transport
125.350
16.822
142.172
R•strlct•d lunds
SWWITCH
123)
125
TOTAL FUNDS
125,498
16.799
142.297
Page 13
ntinued...

PEMBROKESHIRE VOLUNTARY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS- contlnuod
FOR THE YEAR ENDED 31 OECEMBER 2025
11.
MOVEMENT IN FUND8 - conlinu¢d
Cornparati￿ n•t movoment in funds, included in the above aro as follows..
Incomlng
rosourcgs
ReSoU￿e$
e4D8nded
Fknvèment
in funds
Unr•8trlthd funds
Pernbrokèshir8 Voluntary Tr8nsport
311,218
1294.3961
16,822
Re¥trlctod fvnds
SWWITCH
123)
1231
TOTAL FUNDS
311,218
1294,4191
16.799
A current year 12 months ond prior year 12 nKJnths combined pJsitsM 18 as follows..
Prior
ygar
Ilustsnent
Net
movement
in fund$
At
31.12.25
At 1.1.24
Unrestrlct•d funds
Pembrok6shir& VolunlaryTr8n5POrt
125.350
11.945
6.985
144,280
R•strlet•d funds
SWWITCH
148
{421
106
TOTAL FUNDS
125,498
11.945
8.943
144,386
A ¢urrant year 12 mon1h¥ al￿ prlor yyar 12 rronths (x)mbin8d ￿1 movement in fvr¥Js, SnclL*Jed in the ab)v8 8re as
follows..
Incoming
resouTtsS
Rgsources
expended
vement
in fvnd$
Unr•strlcted funds
Pembrokgshire Voluntary Transport
609,395
602.4101
6,985
R•strIc￿d funds
SWWITCH
142}
1421
TOTAL FUNDS
609.395
(602,4521
6.943
Pago 14
continued...

PEMBROKESHIRE VOLUNTARY TRANSPORT
NOTES TO ThE FINANCIAL STATEMENTS - Contlnued
FOR THE YEAR ENDED 31 DECEMBER 2025
12.
RELATED PARTY DISCLOSURES
Thor8 ￿re no related party transacllons for th& year ended 31 D￿rYthr 2025.
13.
IAEMBER'S GUARANTEE
The chaTIty is 8 privatè (x)mpany lirnited by guBrantee and consequen1￿ does not hovè sh8re capital. The liability of
th¥ members in the event of liquidation 13 limited to £1 p•r M•M￿r.
Page 15

PEMBROKESHIRE VOLUNTARY TRANSPORT
D￿AlLED STATEMEMT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 DECEMBER 202S
2025
2024
as restaled
INCOME AND ENDOWMENTS
Donatlons and l•gaci
Donatlons
Grants
1.151
525
30,000
1.151
30,525
Other trading actlvltlo$
Live Kilometre Support Grant
PCC Dead mileagé grant
Vehid8 hirs chargè
Mi5cdlaneous income
Fllecsl bus ctrordinator SLA
Schc(I bus servi
15.181
11,518
205.685
16,191
11.945
176,910
3.420
8.482
232,384
216.952
Ch•rltabl• actlvltl•s
Comrnunity tr¥nsport services
Affili*ion fègs
Employ•rs allowance
.142
58,036
705
s.￿0
10.500
64.642
63,741
Total Sncomlng rnsoums
298.177
311,218
EXPENDITURE
othor tradlng a¢tMtI•s
Bad debts
14.633
Charltabl• actlvltle
Wagas
Pensims
Telephone
Postagè and stabonery
Adv8rtlslng
Trovel and subs13ter
￿￿e￿ngs, confefyncas, events
Tr8ining
Subseriptions
Vehicle running costs
Miscellaneous expBn5•S
Compul&r and softhre cthts
Equipment repairs and renewals
Plant and machinery
Motor vehic￿$
Surplus on dlsposal offixed ￿58t8
151.024
3,048
1,431
481
2.017
150,739
2,819
821
761
635
2,911
64
54
600
120
105.739
1.845
40
113.023
1,054
688
1.571
226
7,399
7.399
18,500)
265.492
282.741
Support costs
This pag& does not fomi part of th8 8tatuloryfin8nc4g1 statements
Pago 16

PEMBROKESHIRE VOLuTrrfARY TRANSPORT
DETAILED STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR E14DED 31 DECEMBER 2025
2025
2024
as restated
Support costs
Managoment
Trustees, salarf8S
Tru$tees' expenses
ProfgssK)nal fees
Insurone
20,900
382
5,576
1,050
6.758
371
3.570
979
27.908
11.678
Ttstsl resources expend8d
308,033
294.419
Net 1expendFtur•￿lnCQrn￿
(9.8581
16,799
This page do8s not fonn part of lh6 stslutory financial Stat￿nents
Page 17

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