REGISTERED COMPANY NUMBER: 03898093 (England and Wales)
REGISTERED CHARITY NUMBER: 1079421
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022
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 31ST MARCH 2022
----- Start of picture text -----
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
----- End of picture text -----
RYE & DISTRICT COMMUNITY TRANSPORT (REGISTERED NUMBER: 03898093)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31stMarch2022.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.
FINANCIAL REVIEW
Financial review
DuringthepastyeartheDirectors'effortshavecontinuedtoconcentrateonstabilisingthe Charity's
financialpositionandfocussingonabusinessstrategytoensureongoingviability.Thecostbase for
RDCTishighbutthePermitsonlyallowforrecoveryofcertainoperatingcostsfrompassengers and
excludesanyadministrativeexpense.Thismeansthatthecharityreliesheavilyoncommunityfunding for
support.OrganisationssuchastheFriendsofRyeHospital;RyeTownCouncil;theRyeFund, Icklesham
ParishCouncilandJempsonshaveallsupportedtheCharityduringtheyearandmuchisalsodone by
otherfundraisinginitiatives.Itisalsoextremelygratefulforverygenerousdonationsfromthe public
who have used the service and value its contribution to their transport needs.
WehavecontinuedtoensuretheCharity'sfinancesremainsoundduringthelockdownsandbeyond by
wayoffurtherprivatedonationsandthesehasprovedentirelysufficient.Thesehavealsoensured that
reservesshouldbesufficienttopermitoperationstocontinueforatleast12monthsintheeventof a
majordownturninincomeandtohelpbuildupfundsforanyfuturebusreplacement.Thishas been
againstabackgroundofincreasedfuelcostsparticularlybutalsointhefaceofhigheroperational costs
generally where an uplift in our fare structures regrettably have also had to be implemented.
Theresultsfortheyearended31March2022producedabreakevenpositionbeforedepreciation which
waswithinbudgetforecastandconsideredsatisfactorybearinginmindoperationaland economic
circumstances.TheTrusteeswouldliketothanktheOperationsManagerforherunstinting commitment
totheBusCompany,theemployeesandallthevolunteerswhodosomuchtoensurewecontinue to
provide an excellent and much appreciated community service.
Page 1
RYE & DISTRICT COMMUNITY TRANSPORT (REGISTERED NUMBER: 03898093)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
FINANCIAL REVIEW
Reserves policy
PartoftheconsiderablesurplusfromtheSection106moniesawardedin2019forthepurchaseof the
newbusforthe326serviceisring-fencedforrunningcostsover3yearsandcannotberegardedas a
reserve.However,notingtheongoingfundingneeds,theCharityisawareoftheneedtobuild 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.
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
I J Foster
Nodirectorhasanybeneficialinterestinthecharitablecompany.Alldirectorsare appointed
representativesofmemberorganisationswhohaveguaranteedtocontribute£1intheeventof a
winding up. The number of guarantees at 31 March 2022 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
Page 2
RYE & DISTRICT COMMUNITY TRANSPORT (REGISTERED NUMBER: 03898093)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.
Approved by order of the board of trustees on 8th December 2022 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
31st March 2022.
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
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
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
8th December 2022
Page 4
RYE & DISTRICT COMMUNITY TRANSPORT
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
29,926
Charitable activities
Operation of bus service
62,645
Other trading activities
3
5,330
Investment income
4
7
Total
97,908
EXPENDITURE ON
Raising funds
2,311
Charitable activities
Operation of bus service
98,662
Total
100,973
NET INCOME/(EXPENDITURE)
(3,065)
RECONCILIATION OF FUNDS
Total funds brought forward
36,837
TOTAL FUNDS CARRIED FORWARD
33,772 |
Restricted
funds
£
-
-
-
-
-
-
5,288
5,288
(5,288)
21,553
16,265 |
2022
Total
funds
£
29,926
62,645
5,330
7
97,908
2,311
103,950
106,261
(8,353)
58,390
50,037 |
2021
Total
funds
£
47,265
53,694
5,038
22 |
|
|
|
106,019 |
|
|
|
2,350
88,751 |
|
|
|
91,101 |
|
|
|
14,918
43,472 |
|
|
|
58,390 |
The notes form part of these financial statements
Page 5
RYE & DISTRICT COMMUNITY TRANSPORT (REGISTERED NUMBER: 03898093)
BALANCE SHEET 31ST MARCH 2022
Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
10
5,220
15,700
CURRENT ASSETS
Debtors
11
4,819
83
Cash at bank and in hand
32,681
7,795
37,500
7,878
CREDITORS
Amounts falling due within one year
12
(8,948)
(7,313)
NET CURRENT ASSETS
28,552
565
TOTAL ASSETS LESS CURRENT
LIABILITIES
33,772
16,265
NET ASSETS
33,772
16,265
FUNDS
13
Unrestricted funds:
General fund
Restricted funds
TOTAL FUNDS |
2022
Total
funds
£
20,920
4,902
40,476
45,378
(16,261)
29,117
50,037
50,037
33,772
16,265
50,037 |
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 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31st March 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31st March 2022 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
8th December 2022 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 31ST MARCH 2022
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 31ST MARCH 2022
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 |
|
|
|
Social lotteries
INVESTMENT INCOME
Deposit account interest
SUPPORT COSTS
Management
£
Operation of bus service
17,160
Support costs, included in the above, are as follows: |
2022
£
5,330
2022
£
7
Governance
Finance
costs
£
£
282
1,285 |
2021
£
5,038
2021
£
22
Totals
£
18,727 |
2021
£
5,038 |
|
|
|
2021
£
22 |
|
|
|
|
4.
5. SUPPORT COSTS
Governance costs
Governance costs |
|
|
|
2022 |
2021 |
|
Operation |
|
|
of bus |
Total |
|
service |
activities |
|
£ |
£ |
Independent examination |
1,130 |
1,130 |
Accountancy fees |
155 |
205 |
|
1,285 |
1,335 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
2022 |
2021 |
|
£ |
£ |
Depreciation - owned assets |
6,949 |
9,260 |
6. NET INCOME/(EXPENDITURE)
continued...
Page 8
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2022nor for
the year ended 31st March 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31stMarch2022norfortheyear ended
31st March 2021.
8. STAFF COSTS
STAFF COSTS |
|
|
Wages and salaries |
2022
£
43,968
43,968 |
2021
£
43,700 |
|
|
43,700 |
The average monthly number of employees during the year was as follows:
Drivers
Administration |
2022
2
1
3 |
2021
2
1 |
|
|
3 |
No employees received emoluments in excess of £60,000.
Therewerenohigherpaidstafffortheyearended31stMarch2022norfortheyear ended
31st March 2021.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
47,265
Charitable activities
Operation of bus service
53,694
Other trading activities
5,038
Investment income
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 |
Restricted
funds
£
-
-
-
-
-
-
7,043
7,043
(7,043) |
Total
funds
£
47,265
53,694
5,038
22 |
|
|
106,019 |
|
|
2,350
88,751 |
|
|
91,101 |
|
|
14,918 |
continued...
Page 9
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
Unrestricted
fund
£
RECONCILIATION OF FUNDS
Total funds brought forward
14,876
TOTAL FUNDS CARRIED FORWARD
36,837
10.
TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1st April 2021 and 31st March 2022
1,589
DEPRECIATION
At 1st April 2021
1,236
Charge for year
71
At 31st March 2022
1,307
NET BOOK VALUE
At 31st March 2022
282
At 31st March 2021
353
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
Deferred income |
continued
Restricted
funds
£
28,596
21,553
Motor
vehicles
£
63,368
35,852
6,878
42,730
20,638
27,516
2022
£
374
3,067
1,461
4,902
2022
£
515
8,435
7,311
16,261 |
Total
funds
£
43,472 |
|
|
58,390 |
|
|
Totals
£
64,957
37,088
6,949
44,037
20,920
27,869
2021
£
20
1,662
1,426
3,108
2021
£
508
5,995
14,622
21,125 |
|
|
|
continued...
Page 10
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
13. MOVEMENT IN FUNDS
At 1/4/21
£
Unrestricted funds
General fund
36,837
Restricted funds
20/20
1,063
Bus Fund
20,490
21,553
TOTAL FUNDS
58,390
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
97,908
Restricted funds
20/20
-
Bus Fund
-
-
TOTAL FUNDS
97,908
Comparatives for movement in funds
At 1/4/20
£
Unrestricted funds
General fund
14,876
Restricted funds
20/20
1,546
Bus Fund
27,050
28,596
TOTAL FUNDS
43,472 |
Net
movement
in funds
£
(3,065)
(265)
(5,023)
(5,288)
(8,353)
Resources
expended
£
(100,973)
(265)
(5,023)
(5,288)
(106,261)
Net
movement
in funds
£
21,961
(483)
(6,560)
(7,043)
14,918 |
At
31/3/22
£
33,772
798
15,467
16,265
50,037
Movement
in funds
£
(3,065)
(265)
(5,023)
(5,288)
(8,353)
At
31/3/21
£
36,837
1,063
20,490
21,553
58,390 |
|
|
|
continued...
Page 11
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
13. MOVEMENT IN FUNDS - continued
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
£
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 |
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
|
|
Net |
|
|
|
movement |
At |
|
At 1/4/20 |
in funds |
31/3/22 |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
14,876 |
18,896 |
33,772 |
Restricted funds |
|
|
|
20/20 |
1,546 |
(748) |
798 |
Bus Fund |
27,050 |
(11,583) |
15,467 |
|
28,596 |
(12,331) |
16,265 |
TOTAL FUNDS |
43,472 |
6,565 |
50,037 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
20/20
Bus Fund
TOTAL FUNDS |
Incoming
resources
£
203,927
-
-
-
203,927 |
Resources
expended
£
(185,031)
(748)
(11,583)
(12,331)
(197,362) |
Movement
in funds
£
18,896
(748)
(11,583)
(12,331)
6,565 |
|
|
|
|
The20/20fundraisingappealwassetuptomarktheCharity's20thanniversaryandallowed the
replacementof2buses.Allfundshavebeenspentandthebalanceonthefundrepresents the
carrying value of the fixed assets acquired.
continued...
Page 12
RYE & DISTRICT COMMUNITY TRANSPORT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022
13. MOVEMENT IN FUNDS - continued
Therestrictedfundismadeupofagrantreceivedtohelptowardstherunningcostsofthe 326
servicewhichwillcoverthreefinancialyearsandwillbedrawndownonanadhocbasis,the full
amount has been deferred at the balance sheet date and is represented by the cash at bank figure.
Thebusfundconsistsofgrantsanddonationswhichwereusedtocompletethepurchaseof the
newDial-a-Ridebusandthepurchaseandfit-outofthereplacementtoFN04NLM(writtenoff in
anaccident).Asmallamountofthesefundsstillremainsandwillbeusedtocoverthecostsof any
further equipment required.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2022.
15. ULTIMATE CONTROLLING PARTY
The company is controlled by the Board of Trustees.
16. GOVERNMENT GRANT INCOME
The charity received £5,500 in the year in the form of financial assistance from local government.
Includedintheabovefigure,is£5,500whichwasunrestrictedinrelationtohelpingtowards the
general running costs of the charity.
ThefundsreceivedfromGovernmentanditsAgencieswere:-£4,000fromIcklesham Parish
Council and £1,500 from Rye Town Council.
Page 13