2024-03-31-accounts - Rye And District Community Transport

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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 2024

`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 2024`

	`Page`	`Page`	`Page`
`Report of the Trustees`	`1`	`to`	`2`
`Independent Examiner's Report`		`3`
`Statement of Financial Activities`		`4`
`Balance Sheet`		`5`
`Notes to the Financial Statements`	`6`	`to`	`12`

RYE & DISTRICT COMMUNITY TRANSPORT (REGISTERED NUMBER: 03898093)

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`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`

TheRDCTcontinuestodeliveritscoreservicestothecommunityinanefficientand cost-effective
mannerunderSection19and22Permits,exclusivelyfornon-commercialpurposesinsupportof its
Objectivesandits326-communitybusservice(Section22Permit).Innormaltimesitprovides transport
formorethanhalftheprimaryschoolsintheRyeareatoswimminglessonsandotheracademic and
sportingactivitieswhile3busesdeliverstudentstoandfromHomewoodSchoolinTenterden. The
Dial-a-RideservicehelpstotransporttheelderlyandinfirmtoattendclinicsatRyeHospitaland medical
appointments,goshopping,andattendclubmeetingsanddaycentres.Withtheopeningin2021of the
HubontheHill(partofRyeHospital)thebusserviceisvitalintransportingusersofitsfacilities. Group
Hire is also very popular.

`FINANCIAL REVIEW`

`Financial review`

DuringthepastyeartheDirectors'effortshavecontinuedtoconcentrateonstabilisingthe Charity's
financialpositionandfocussingonabusinessstrategytoensureongoingviability.Thecostbase for
RDCTishighbutthePermitsonlyallowforrecoveryofcertainoperatingcostsfrompassengers and
excludesanyadministrativeexpense.Thismeansthatthecharityreliesheavilyoncommunityfunding for
support.OrganisationssuchastheFriendsofRyeHospital,RyeTownCouncil,theRyeFund, Icklesham
ParishCouncil,SussexCommunityFoundation.RyeBonfireSocietyandJempsonshaveallsupported the
Charityduringtheyearandmuchisalsodonebyotherfund-raisinginitiatives.Itisalso extremely
gratefulforverygenerousdonationsfromthepublicwhohaveusedtheserviceandvalueits contribution
to their transport needs.

Duringthepastyear,theCharitysufferedparticularlyfromthehighinflationarycostpressuresand the
needtomaintainanageingtransportfleet.Thishasentailedahigherfundingneed,placingeven greater
emphasis upon donations and grants. It is likely that this trend will continue.

Theresultsfortheyearended31March2024havereflectedthesefundingpressuresresultingin a
shortfallbeforedepreciationandwhilstthisisunwelcome,theTrusteesarelookingat alternatives
sources of grant income to ensure future break-even situations.

Sincetheyearend,thankstothesubstantialandverywelcomefundraisingbyMrsJaneConlin,the Trust
wasabletobuyareplacementvehiclewhichwillcontinuetobeknownasHarryBusinherlate husband's
memory.

TheTrusteeswouldliketothanktheOperationsManagerforherunstintingcommitmenttothe Bus
Company,theemployeesandallthevolunteersanddonorswhodosomuchtoensurewecontinue to
provideanexcellentandmuchappreciatedcommunityservice.TheBusCompanyisindeedtheglue that
binds the community together.

`Reserves policy`

TheTrusteeshavealsoensuredthatreservesshouldbesufficienttopermitoperationstocontinuefor at
least12monthsintheeventofamajordownturninincomeandtohelpbuildupfundsforanyfuture bus
replacement.

Page 1

RYE & DISTRICT COMMUNITY TRANSPORT (REGISTERED NUMBER: 03898093)

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024`

`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`

`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 2024 was 25.

`Company Secretary`

I J Foster

`Independent Examiner`

David Ashby FCCA ACA
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 19 December 2024 and signed on its behalf by:

B M Nealon - Trustee

Page 2

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 2024.

`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.

David Ashby FCCA ACA

Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

23 December 2024

Page 3

RYE & DISTRICT COMMUNITY TRANSPORT

`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `37,945` `Charitable activities` `Operation of bus service` `76,829` `Other trading activities` `3` `6,774` `Investment income` `4` `399` `Total` `121,947` `EXPENDITURE ON` `Raising funds` `2,400` `Charitable activities` `Operation of bus service` `124,726` `Total` `127,126` `NET INCOME/(EXPENDITURE)` `(5,179)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `32,123` `TOTAL FUNDS CARRIED FORWARD` `26,944`	`Restricted` `funds` `£` `-` `-` `-` `-` `-` `-` `3,048` `3,048` `(3,048)` `12,257` `9,209`	`2024` `Total` `funds` `£` `37,945` `76,829` `6,774` `399` `121,947` `2,400` `127,774` `130,174` `(8,227)` `44,380` `36,153`	`2023` `Total` `funds` `£` `40,496` `70,521` `8,642` `201` `119,860` `2,565` `122,952` `125,517` `(5,657)` `50,037` `44,380`

The notes form part of these financial statements

Page 4

RYE & DISTRICT COMMUNITY TRANSPORT (REGISTERED NUMBER: 03898093)

`BALANCE SHEET 31 MARCH 2024`

`Unrestricted` `Restricted` `fund` `funds` `Notes` `£` `£` `FIXED ASSETS` `Tangible assets` `10` `2,810` `8,974` `CURRENT ASSETS` `Debtors` `11` `4,172` `81` `Cash at bank and in hand` `28,769` `154` `32,941` `235` `CREDITORS` `Amounts falling due within one year` `12` `(8,807)` `-` `NET CURRENT ASSETS` `24,134` `235` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `26,944` `9,209` `NET ASSETS` `26,944` `9,209` `FUNDS` `13` `Unrestricted funds:` `General fund` `Restricted funds` `TOTAL FUNDS`	`2024` `Total` `funds` `£` `11,784` `4,253` `28,923` `33,176` `(8,807)` `24,369` `36,153` `36,153` `26,944` `9,209` `36,153`	`2023` `Total` `funds` `£` `15,698` `3,727` `31,662` `35,389` `(6,707)` `28,682` `44,380` `44,380` `32,123` `12,257` `44,380`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 March 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2024 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
19 December 2024 and were signed on its behalf by:

B M Nealon - Trustee

The notes form part of these financial statements

Page 5

RYE & DISTRICT COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

`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 6

RYE & DISTRICT COMMUNITY TRANSPORT

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`

`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`

2024
£
Fundraising events
1,884
Social lotteries
4,890
6,774
4.
INVESTMENT INCOME
2024
£
Deposit account interest
399
5.
SUPPORT COSTS
Governance
Management
Finance
costs
£
£
£
Operation of bus service
17,160
392
1,575
Support costs, included in the above, are as follows:
GOVERNANCE COSTS
2024
Operation
of bus
service
£
Independent examination
525
Accountancy fees
1,050
1,575
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024
£
Depreciation - owned assets
3,914 2023
£
3,252
5,390
8,642
2023
£
201
Totals
£
19,127
2023
Total
activities
£
432
898
1,330
2023
£
5,222

continued...

Page 7

RYE & DISTRICT COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

`7. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2024nor for
the year ended 31 March 2023.

`TRUSTEES' EXPENSES`

Therewerenotrustees'expensespaidfortheyearended31March2024norfortheyear ended
31 March 2023.

`8. STAFF COSTS`

`Wages and salaries`	`2024` `£` `61,766` `61,766`	`2023` `£` `60,962`
		`60,962`

The average monthly number of employees during the year was as follows:

`Drivers` `Administration`	`2024` `3` `1` `4`	`2023` `3` `1`
		`4`

No employees received emoluments in excess of £60,000.

`9.`

`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `fund` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `40,496` `Charitable activities` `Operation of bus service` `70,521` `Other trading activities` `8,642` `Investment income` `201` `Total` `119,860` `EXPENDITURE ON` `Raising funds` `2,565` `Charitable activities` `Operation of bus service` `118,944` `Total` `121,509` `NET INCOME/(EXPENDITURE)` `(1,649)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `33,772`	`Restricted` `funds` `£` `-` `-` `-` `-` `-` `-` `4,008` `4,008` `(4,008)` `16,265`	`Total` `funds` `£` `40,496` `70,521` `8,642` `201` `119,860` `2,565` `122,952` `125,517` `(5,657)` `50,037`

continued...

Page 8

RYE & DISTRICT COMMUNITY TRANSPORT

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`

`9.` `COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued` `Unrestricted` `Restricted` `fund` `funds` `£` `£` `TOTAL FUNDS CARRIED FORWARD` `32,123` `12,257` `10.` `TANGIBLE FIXED ASSETS` `Office` `Motor` `equipment` `vehicles` `£` `£` `COST` `At 1 April 2023 and 31 March 2024` `1,589` `63,368` `DEPRECIATION` `At 1 April 2023` `1,367` `47,892` `Charge for year` `44` `3,870` `At 31 March 2024` `1,411` `51,762` `NET BOOK VALUE` `At 31 March 2024` `178` `11,606` `At 31 March 2023` `222` `15,476` `11.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `2024` `£` `Trade debtors` `557` `Other debtors` `2,145` `Prepayments` `1,551` `4,253` `12.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `2024` `£` `Social security and other taxes` `802` `Other creditors` `8,005` `8,807`	`Total` `funds` `£`
	`44,380`
	`Totals` `£` `64,957` `49,259` `3,914` `53,173` `11,784` `15,698` `2023` `£` `475` `1,759` `1,493` `3,727` `2023` `£` `729` `5,978` `6,707`

continued...

Page 9

RYE & DISTRICT COMMUNITY TRANSPORT

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`

`13. MOVEMENT IN FUNDS`

`At 1/4/23` `£` `Unrestricted funds` `General fund` `32,123` `Restricted funds` `20/20` `599` `Bus Fund` `11,658` `12,257` `TOTAL FUNDS` `44,380` `Net movement in funds, included in the above are as follows:` `Incoming` `resources` `£` `Unrestricted funds` `General fund` `121,947` `Restricted funds` `20/20` `-` `Bus Fund` `-` `-` `TOTAL FUNDS` `121,947` `Comparatives for movement in funds` `At 1/4/22` `£` `Unrestricted funds` `General fund` `33,772` `Restricted funds` `20/20` `798` `Bus Fund` `15,467` `16,265` `TOTAL FUNDS` `50,037`	`Net` `movement` `in funds` `£` `(5,179)` `(150)` `(2,898)` `(3,048)` `(8,227)` `Resources` `expended` `£` `(127,126)` `(150)` `(2,898)` `(3,048)` `(130,174)` `Net` `movement` `in funds` `£` `(1,649)` `(199)` `(3,809)` `(4,008)` `(5,657)`	`At` `31/3/24` `£` `26,944` `449` `8,760` `9,209` `36,153` `Movement` `in funds` `£` `(5,179)` `(150)` `(2,898)` `(3,048)` `(8,227)` `At` `31/3/23` `£` `32,123` `599` `11,658` `12,257` `44,380`

continued...

Page 10

RYE & DISTRICT COMMUNITY TRANSPORT

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`

`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` `£` `119,860` `-` `-` `-` `119,860`	`Resources` `expended` `£` `(121,509)` `(199)` `(3,809)` `(4,008)` `(125,517)`	`Movement` `in funds` `£` `(1,649)` `(199)` `(3,809)` `(4,008)` `(5,657)`

A current year 12 months and prior year 12 months combined position is as follows:

		`Net`
		`movement`	`At`
	`At 1/4/22`	`in funds`	`31/3/24`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`33,772`	`(6,828)`	`26,944`
`Restricted funds`
`20/20`	`798`	`(349)`	`449`
`Bus Fund`	`15,467`	`(6,707)`	`8,760`
	`16,265`	`(7,056)`	`9,209`
`TOTAL FUNDS`	`50,037`	`(13,884)`	`36,153`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `20/20` `Bus Fund` `TOTAL FUNDS`	`Incoming` `resources` `£` `241,807` `-` `-` `-` `241,807`	`Resources` `expended` `£` `(248,635)` `(349)` `(6,707)` `(7,056)` `(255,691)`	`Movement` `in funds` `£` `(6,828)` `(349)` `(6,707)` `(7,056)` `(13,884)`

The20/20fundraisingappealwassetuptomarktheCharity's20thanniversaryandallowed the
replacementof2buses.Allfundshavebeenspentandthebalanceonthefundrepresents the
carrying value of the fixed assets acquired.

continued...

Page 11

RYE & DISTRICT COMMUNITY TRANSPORT

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024`

`13. MOVEMENT IN FUNDS - continued`

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 31 March 2024.

`15. ULTIMATE CONTROLLING PARTY`

The company is controlled by the Board of Trustees.

`16. GOVERNMENT GRANT INCOME`

The charity received £5,000 in the year in the form of financial assistance from local government.

Includedintheabovefigure,is£5,000whichwasunrestrictedinrelationtohelpingtowards the
general running costs of the charity.

ThefundsreceivedfromGovernmentanditsAgencieswere:-£3,000fromIcklesham Parish
Council and £2,000 from Rye Town Council.

Page 12