REGISTERED COMPANY NUMBER: 03898093 (England and Wales)
REGISTERED CHARITY NUMBER: 1079421
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
FOR
RYE & DISTRICT COMMUNITY TRANSPORT
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
RYE & DISTRICT COMMUNITY TRANSPORT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
|
Page |
Page |
Page |
Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
|
6 |
|
Notes to the Financial Statements |
7 |
to |
13 |
Detailed Statement of Financial Activities |
14 |
to |
15 |
RYE & DISTRICT COMMUNITY TRANSPORT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2021.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Thefinancialstatementshavebeenpreparedinaccordancewiththeaccountingpoliciessetoutin notes
totheaccountsandcomplywiththecharity'sgoverningdocument,theCharitiesAct2011 and
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardforSmaller Entities
published on 16 July 2014.
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheobjectivesoftheCharityaretoprovideandmaintainnon-profitcommunitytransportservicesand to
assistthecharitableworkofotherorganisationsprovidingrelieftotheinhabitantsofRyeanddistrict who
areinneedbecauseofage,mentalorphysicaldisabilityorotherwise.ThefocusoftheCharity's activities
must always be public benefit - the Charity's strength is entirely due to its position within the community.
The trustees have regard to the Charity Commissions guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
DespitetheeffectsofCOVID19,TheRDCTcontinuestodeliveritscoreservicestothecommunityin an
efficientandcosteffectivemannerunderSection19and22Permits,exclusivelyfor non-commercial
purposesinsupportofitsObjectivesandits326communitybusservice(Section22Permit).In normal
timesitprovidestransportformorethanhalftheprimaryschoolsintheRyeareatoswimming lessons
andotheracademicandsportingactivitieswhile3busesdeliverstudentstoandfromHomewood School
inTenterden.TheDial-a-Rideservicehelpstotransporttheelderlyandinfirmtoattendclinicsat Rye
Hospitalandmedicalappointments,goshopping,andattendclubmeetingsanddaycentres.With the
openingin2021oftheHubontheHill(partofRyeHospital)thebusserviceisvitalintransporting users
of its facilities.
Page 1
RYE & DISTRICT COMMUNITY TRANSPORT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW
Financial review
TheinitialeffectsofCovid-19wereverydramatic-Schooltransportstoppedafter20thMarchwhile the
326servicewaspausedaweeklateranddidnotresumeuntilourmaintenanceproviderreopened its
workshops.HowevertheCompanycontinuedtooperatetheDial-a-Rideservicethroughout,but with
fewer passengers who were mainly going for medical appointments
Therewerealsosomeotherunusualjobsincludingtakingseveralanimalsforvettreatment!We also
worked on food deliveries with the Rye Food Bank and with Rye Mutual Aid.
Throughthesummerpassengernumbersonthe326servicebegantoimproveandafewgroups went
out,andhometoschooltransportrestartedwiththenewacademicyearinSeptember.Apartfrom group
transportallourservicescontinuedthroughthesecondlockdown,however,schoolswereclosed again
from January until March 2021.
ConsiderableexpenditurewasmadeonPPEandsanitizersandtoadaptthebusestoensure passengers'
protection.ForthiswereceivedgrantsfromSussexCommunityFoundation'sCrisisFund(whichpaid for
PPE/additionaldriverhours/busmodifications)andLittleCheyneWindFarmFund(tohelpcoverfares for
childrenonourhometoschooltransport)plusextrafundingfromtheRyeFund(tosupportthe 326
service) There were also many very generous and welcome donations which helped fill the income gap.
The Company also took advantage of the Government's Job Retention Scheme for its part time drivers.
FromJanuary2021weworkedwithourlocalGPsurgeriesprovidingtransportto/fromtheRural Rother
VaccinationCentreatEtchingham.Thiswasafreetopassengersservicewhichwashugelysuccessful and
muchvaluedbythemanypeoplebeingtransported.ThisenabledRuralRothertoreachthetargetof the
top 4 cohorts jabbed by 13th February (25 days after the start, we took 251 people).
Asrestrictionseasedmorepassengersreturnedtoourservices:the326currentlycarries60%of the
passengersthatitdidinthesameperiodin2019(slowlyincreasing)andourhometoschooltransport is
fully taken up. Fortunately the concessionary fare rebate and BSOG have been continued at 2019 levels.
TheCompanycontinuestoensurethatsuitablemeasuresarebeingtakentoprotectitspassengers and
drivers whilst the pandemic persists.
UndertheleadershipoftheOperationsManager,theCompanyisproudtohavebeenabletoassist so
positivelywiththeCommunity'seffortstoovercomethechallengesofthepandemic.Alongwith the
manycustomers,theTrusteeswouldliketothankherforhercontinuingandunstintingcommitment to
theBusCompany,andwearealsoindebtedforthehardworkoftheemployeesandallthe volunteers
who do so much to ensure we continued to provide a much valued service.
Despitethisexceptionalyear,theTrusteesarepleasedtoreportatradingsurplusbeforedepreciation of
some £23,000.
Reserves policy
PartoftheconsiderablesurplusfromtheSection106moniesawardedin2019forthepurchaseof the
newbusforthe326serviceisring-fencedforrunningcostsoverthenext3yearsandcannot be
regardedasareserve.However,notingtheongoingfundingneeds,theCharityisawareoftheneed to
build up reserves and considers that £20,000 would be a prudent figure.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Trusteesarerecruitedandappointedfrommembersofthelocalcommunitywhowishtoassist the
charity.
Page 2
RYE & DISTRICT COMMUNITY TRANSPORT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management
TheTrusteescontinuetoworktoensurethatriskstowhichthecharityisexposedareidentifiedand dealt
with appropriately, with particular regard to fraud and error and the safety of passengers and drivers.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03898093 (England and Wales)
Registered Charity number
1079421
Registered office
Rye Wharf
Harbour Road
Rye Harbour
Rye
East Sussex
TN31 7TE
Trustees
M J Miller
B M Nealon
Mrs K A Sims (resigned 6/4/2020)
I J Foster
Nodirectorhasanybeneficialinterestinthecharitablecompany.Alldirectorsare appointed
representativesofmemberorganisationswhohaveguaranteedtocontribute£1intheeventof a
winding up. The number of guarantees at 31 March 2021 was 25.
Company Secretary
I J Foster
Independent Examiner
Miss S L Whiting
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.
Approved by order of the board of trustees on 17 November 2021 and signed on its behalf by:
B M Nealon - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
RYE & DISTRICT COMMUNITY TRANSPORT
Independent examiner's report to the trustees of Rye & District Community Transport ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2021.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Miss S L Whiting
Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG
2 December 2021
Page 4
RYE & DISTRICT COMMUNITY TRANSPORT
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
47,265
Charitable activities
Operation of bus service
53,694
Other trading activities
3
5,038
Investment income
4
22
Total
106,019
EXPENDITURE ON
Raising funds
2,350
Charitable activities
Operation of bus service
81,708
Total
84,058
NET INCOME/(EXPENDITURE)
21,961
RECONCILIATION OF FUNDS
Total funds brought forward
14,876
TOTAL FUNDS CARRIED FORWARD
36,837 |
Restricted
funds
£
-
-
-
-
-
-
7,043
7,043
(7,043)
28,596
21,553 |
2021
Total
funds
£
47,265
53,694
5,038
22
106,019
2,350
88,751
91,101
14,918
43,472
58,390 |
2020
Total
funds
£
69,862
79,796
6,219
5 |
|
|
|
155,882
2,400
120,866 |
|
|
|
123,266 |
|
|
|
32,616
10,856 |
|
|
|
43,472 |
The notes form part of these financial statements
Page 5
RYE & DISTRICT COMMUNITY TRANSPORT
BALANCE SHEET 31 MARCH 2021
Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
10
7,046
20,823
CURRENT ASSETS
Debtors
11
3,025
83
Cash at bank and in hand
33,267
15,271
36,292
15,354
CREDITORS
Amounts falling due within one year
12
(6,501)
(14,624)
NET CURRENT ASSETS
29,791
730
TOTAL ASSETS LESS CURRENT
LIABILITIES
36,837
21,553
NET ASSETS
36,837
21,553
FUNDS
13
Unrestricted funds:
General fund
Restricted funds
TOTAL FUNDS |
2021
Total
funds
£
27,869
3,108
48,538
51,646
(21,125)
30,521
58,390
58,390
36,837
21,553
58,390 |
2020
Total
funds
£
37,129
3,795
30,846
34,641
(28,298)
6,343
43,472
43,472
14,876
28,596
43,472 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
17 November 2021 and were signed on its behalf by:
B M Nealon - Trustee
The notes form part of these financial statements
Page 6
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
1. STATUTORY INFORMATION
Rye&DistrictCommunityTransportisaprivatecharitablecompanylimitedby guarantee,
registeredinEnglandandWales.Thecompany'sregisterednumberandregisteredoffice address
can be found in the reference and administrative details in the Report of the Trustees.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Government grants
Government grants are recognised and accounted for under the performance model.
Grantsthatdonotspecifyanyfutureperformance-relatedconditionsarerecordedwhenthe grant
proceedsarereceivedorreceivable.Anygrantthatimposesspecifiedfuture performance-related
conditionsisrecognisedonlywhentheperformance-relatedconditionsaremet.Grants received
before the revenue recognition criteria are satisfied are recognised as a liability.
Tangible fixed assets
Fixedassetsarerecordedatcostor,incaseswherefixedassetshavebeendonatedtothe Charity,
at valuation at the time of acquisition.
Depreciationiscalculatedsoastowriteoffthecostofanasset,lessitsestimatedresidual value,
over the useful economic life of that asset as follows:
Office equipment 20% on written down value
Motor vehicles 25% on written down value
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Asalltheactivitiesofthecharityarewithinitsprimaryobjectivetoprovidenon-profit community
transportservices,ithasnotbeenconsiderednecessarytodesignateanyfundsorshowany funds
as restricted.
Wherefundsarereceivedforasignificantandspecificprojecttheseareallocatedto restricted
funds.
Donated services
Donated services are included at a value equivalent to market value at the date of donation.
continued...
Page 7
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. ACCOUNTING POLICIES - continued
Debtors and creditors
Debtorsandcreditorsarerecognisedattheirsettlementamountafterallowingforany trade
discounts.
Creditorsarerecognisedwherethecharityhasapresentobligationresultingfromapast event
thatwillprobablyresultinthetransferoffundstoathirdpartyandtheamountduetosettle the
obligation can be measured or estimated reliably.
3. OTHER TRADING ACTIVITIES
OTHER TRADING ACTIVITIES |
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
Fundraising events |
|
|
- |
1,416 |
Social lotteries |
|
|
5,038 |
4,803 |
|
|
|
5,038 |
6,219 |
INVESTMENT INCOME |
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
Deposit account interest |
|
|
22 |
5 |
SUPPORT COSTS |
|
|
|
|
|
|
|
Governance |
|
|
Management |
Finance |
costs |
Totals |
|
£ |
£ |
£ |
£ |
Operation of bus service |
17,160 |
69 |
1,335 |
18,564 |
4. INVESTMENT INCOME
5. SUPPORT COSTS
Support costs, included in the above, are as follows:
Governance costs
Governance costs |
|
|
|
2021 |
2020 |
|
Operation |
|
|
of bus |
Total |
|
service |
activities |
|
£ |
£ |
Independent examination |
1,130 |
1,140 |
Accountancy fees |
205 |
555 |
|
1,335 |
1,695 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
2021 |
2020 |
|
£ |
£ |
Depreciation - owned assets |
9,260 |
12,339 |
Surplus on disposal of fixed assets |
- |
(1,516) |
6. NET INCOME/(EXPENDITURE)
continued...
Page 8
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021nor for
the year ended 31 March 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.
8. STAFF COSTS
STAFF COSTS |
|
|
Wages and salaries |
2021
£
43,700
43,700 |
2020
£
51,693 |
|
|
51,693 |
The average monthly number of employees during the year was as follows:
Drivers
Administration |
2021
2
1
3 |
2020
3
1 |
|
|
4 |
No employees received emoluments in excess of £60,000.
Therewerenohigherpaidstafffortheyearended31March2021norfortheyear ended
31 March 2020.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
30,515
Charitable activities
Operation of bus service
79,796
Other trading activities
6,219
Investment income
5
Total
116,535
EXPENDITURE ON
Raising funds
2,400
Charitable activities
Operation of bus service
111,677
Total
114,077
NET INCOME
2,458
Transfers between funds
3,495 |
Restricted
funds
£
39,347
-
-
-
39,347
-
9,189
9,189
30,158
(3,495) |
Total
funds
£
69,862
79,796
6,219
5 |
|
|
155,882
2,400
120,866 |
|
|
123,266 |
|
|
32,616
- |
continued...
Page 9
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
funds
£
£
Net movement in funds
5,953
26,663
RECONCILIATION OF FUNDS
Total funds brought forward
8,923
1,933
TOTAL FUNDS CARRIED FORWARD
14,876
28,596
10.
TANGIBLE FIXED ASSETS
Office
Motor
equipment
vehicles
£
£
COST
At 1 April 2020 and 31 March 2021
1,589
63,368
DEPRECIATION
At 1 April 2020
1,148
26,680
Charge for year
88
9,172
At 31 March 2021
1,236
35,852
NET BOOK VALUE
At 31 March 2021
353
27,516
At 31 March 2020
441
36,688
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Trade debtors
20
Other debtors
1,662
Prepayments
1,426
3,108 |
Total
funds
£ |
|
32,616
10,856 |
|
43,472 |
|
Totals
£
64,957
27,828
9,260
37,088
27,869
37,129
2020
£
365
2,243
1,187
3,795 |
|
|
continued...
Page 10
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Social security and other taxes
Other creditors
Deferred income |
2021
£
508
5,995
14,622
21,125 |
2020
£
508
5,857
21,933 |
|
|
28,298 |
13. MOVEMENT IN FUNDS
MOVEMENT IN FUNDS |
|
|
|
Unrestricted funds
General fund
Restricted funds
20/20
Bus Fund
TOTAL FUNDS |
At 1/4/20
£
14,876
1,546
27,050
28,596
43,472 |
Net
movement
in funds
£
21,961
(483)
(6,560)
(7,043)
14,918 |
At
31/3/21
£
36,837
1,063
20,490 |
|
|
|
21,553 |
|
|
|
58,390 |
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
20/20
Bus Fund
TOTAL FUNDS |
Incoming
resources
£
106,019
-
-
-
106,019 |
Resources
expended
£
(84,058)
(483)
(6,560)
(7,043)
(91,101) |
Movement
in funds
£
21,961
(483)
(6,560)
(7,043)
14,918 |
|
|
|
|
continued...
Page 11
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
At 1/4/19
in funds
£
£
Unrestricted funds
General fund
8,923
2,458
Restricted funds
20/20
1,933
(387)
Bus Fund
-
30,545
1,933
30,158
TOTAL FUNDS
10,856
32,616 |
Transfers
between
At
funds
31/3/20
£
£
3,495
14,876
-
1,546
(3,495)
27,050
(3,495)
28,596
-
43,472 |
Transfers
between
At
funds
31/3/20
£
£
3,495
14,876
-
1,546
(3,495)
27,050
(3,495)
28,596
-
43,472 |
|
|
28,596 |
|
|
43,472 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
20/20
Bus Fund
TOTAL FUNDS |
Incoming
resources
£
116,535
-
39,347
39,347
155,882 |
Resources
expended
£
(114,077)
(387)
(8,802)
(9,189)
(123,266) |
Movement
in funds
£
2,458
(387)
30,545
30,158
32,616 |
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1/4/19
in funds
£
£
Unrestricted funds
General fund
8,923
24,419
Restricted funds
20/20
1,933
(870)
Bus Fund
-
23,985
1,933
23,115
TOTAL FUNDS
10,856
47,534 |
Transfers
between
At
funds
31/3/21
£
£
3,495
36,837
-
1,063
(3,495)
20,490
(3,495)
21,553
-
58,390 |
Transfers
between
At
funds
31/3/21
£
£
3,495
36,837
-
1,063
(3,495)
20,490
(3,495)
21,553
-
58,390 |
|
|
21,553 |
|
|
58,390 |
continued...
Page 12
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
13. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
20/20
Bus Fund
TOTAL FUNDS |
Incoming
resources
£
222,554
-
39,347
39,347
261,901 |
Resources
expended
£
(198,135)
(870)
(15,362)
(16,232)
(214,367) |
Movement
in funds
£
24,419
(870)
23,985
23,115
47,534 |
|
|
|
|
The20/20fundraisingappealwassetuptomarktheCharity's20thanniversaryandallowed the
replacementof2buses.Allfundshavebeenspentandthebalanceonthefundrepresents the
carrying value of the fixed assets acquired.
Therestrictedfundismadeupofagrantreceivedtohelptowardstherunningcostsofthe 326
servicewhichwillcoverthenextthreefinancialyearsandwillbedrawndownonanadhoc basis,
thefullamounthasbeendeferredatthebalancesheetdateandisrepresentedbythecash at
bank figure.
Thebusfundconsistsofgrantsanddonationswhichwereusedtocompletethepurchaseof the
newDial-a-Ridebusandthepurchaseandfit-outofthereplacementtoFN04NLM(writtenoff in
anaccident).Asmallamountofthesefundsstillremainsandwillbeusedtocoverthecostsof any
further equipment required.
14. RELATED PARTY DISCLOSURES
Donations with no conditions attached received from trustees totals £nil (2020 - £5,000).
15. ULTIMATE CONTROLLING PARTY
The company is controlled by the Board of Trustees.
16. GOVERNMENT GRANT INCOME
The charity received £6,000 in the year in the form of financial assistance from local government.
Includedintheabovefigure,is£6,000whichwasunrestrictedinrelationtohelpingtowards the
general running costs of the charity.
ThefundsreceivedfromGovernmentanditsAgencieswere:-£4,000fromIcklesham Parish
Council and £2,000 from Rye Town Council. Furlough monies amounted to £8,727.50.
Page 13
RYE & DISTRICT COMMUNITY TRANSPORT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants received
Other trading activities
Fundraising events
Social lotteries
Investment income
Deposit account interest
Charitable activities
Service bus fares
Dial-a-Ride income
Bus hirings
Contract services
Grants
Fuel rebates
Total incoming resources
EXPENDITURE
Raising donations and legacies
200 Club prizes
Charitable activities
Wages
Fuel costs
Licences and maintenance of buses
Rent and premises costs
Telephone
Advertising costs
Insurance
PPE costs
Depreciation of office equipment
Depreciation of vehicles
Loss on sale of tangible fixed assets
Support costs
Management
Wages
Carried forward |
2021
£
13,454
33,811
47,265
-
5,038
5,038
22
1,012
933
415
42,218
8,728
388
53,694
106,019
2,350
26,540
7,288
8,224
7,285
1,199
-
8,289
2,102
88
9,172
-
70,187
17,160
17,160 |
2020
£
17,940
51,922
69,862
1,416
4,803
6,219
5
2,857
3,584
46,818
25,685
-
852
79,796
155,882
2,400
34,533
16,045
22,398
7,977
740
288
8,268
-
110
12,229
(1,516)
101,072
17,160
17,160 |
|
|
|
This page does not form part of the statutory financial statements
Page 14
RYE & DISTRICT COMMUNITY TRANSPORT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
Management
Brought forward
Sundry office expenses
Finance
Bank charges
Governance costs
Independent examination
Accountancy fees
Total resources expended
Net income |
2021
£
17,160
-
17,160
69
1,130
205
1,335
91,101
14,918 |
2020
£
17,160
879 |
|
|
18,039
60
1,140
555 |
|
|
1,695 |
|
|
123,266 |
|
|
32,616 |
This page does not form part of the statutory financial statements
Page 15