COMPANY REGISTRATION NUAIBER: 03924074 CHARITY REGISTRATION NUMBER." 1081117 North Norfolk Community Transport Company Limited by Guarantee Unaudited financial statements 31 March 2024 North Norfolk Community Transport Company Limited by Guarantsa Financlal statamonts Year ended 31 March 2024 Page Trustees, annual report (incorporating th8 directors, report) Independent examinerfs report to the trusteeg statement of financlal activltieg Cinduding ir￿Th ar￿ expenditure account) Balance sheet Notes to the financ4al 81atemerts North Norfolk Community Transport Company Limitsd by Guarantee Tru8t088' annual report (incorporatlng the dirnctors. report) Yèar ended 31 March 2024 The trustees. who ere also the directors for the purF¥)ses of company law. present their report arKI the unaudited financial statements of the ¢hat￿Y for Ihe year ended 31 March 2Q24. The finandal statements have been prepared in accordanLY With the ac(x)unting policies set out In not6S to the accounts and comply with the Ghartty'8 gDveming documenl, the Charities Act 2011 and Companies Ad 2006 and Accounting and Reporting by Charitles: statern￿t of Recommended Practice applicable to charities preparing their acuunts in accordance NNryth the Cl*rity Stalement of Re￿Mrnended Practice applicable in the UK and Republic of Ireland (SQRP) published In C>ctober 2019. Reference and admlnbtratlve detalls Reglstered charfty namo North Norfolk Communty Transport Charlty reglstrdtlon number 1081117 Company reglstratlon number 03924074 Prlnclpal offlce and reglsternd 15 Comlsh W•y offlce North Wajsham Norfolk NR28 OAW The trustees The twstees who Sarved durlng the year and at the date of apFroval were as follows.. B Youngs N Lloyd (Chair) J Todd- (Resigned 28lh Septernber 2023) E M Ilthltworth D W Fltzgerald C Wlklnson D G Evans JEPratt Key managomont porsonnol J Bishop (Execulive Lead) Independent examlner Mr lan Barlow FCCA Sexty & Co Chartered CertI￿ed Accountants 124 Thorpe Road Nopmch Norfolk NR1 1R2 Bankef5 HSBC Bank plc 18 London Street Norwich Norfolk CAF B￿k Limtted 25 King8 Hll Avenue Kings Hill Wesl Malllng Kent ME19 4JQ North Norfolk Community Transport Company Limited by Guarantee Trust8es' annual report (incorporating the dlrectors. rnport) Year ondod 31 March 2024 Obl•cUve and actlvltl The purp08es of the charlty, vthlch are for the public benefiL are: To develop and pro￿de transport Inltlatlves that people to connect to 0th8rs and to Iheir local wnmunity To develop and provide transwt initiatives that support people to access important Jocal ser¥lces To support other charities and community wow)s to transport their members and connect with other8 r vl8lon Is holping pooplo go lo places tog•th8r. Our misslon is to enhance qu81rty of lif8 by 8UPPOrtirvJ peopSe to access local serthces and connect wilh Iheir community and others. By meetin9 our objectives, we alm to supwt people by achlevlng the followlry key outcomes: To combat lonellness and sodal Isolation To he￿ our passengers beco￿ more Independent To provide transwrt which aids capa(ity for people lo remaln Itvlng In thelr ovm homes The crfterla we use to measure our succe89 is thè numbw of passenger tn'ps we undertake for each of txr Servi￿$. In addition. we collect 8nd ￿Spond to feedback frc#n passengers about the impact the transport lie provide has on thelr Ilves. In this way, ￿ Str￿pa our servi￿5 around the needs of our beneficiaries. Publlc benefft The tr(tstees confimi that they have complied *ith duty In section 17 of the Charitie5 Act 2011 to have due regard to the Charity Commission's general guidal￿e on public benefit, 'Charities and Public Ber*fiV. Slgnmcance of volunteers Volunteers play a key role In the dellvery of all our sep4lces. We seek to re¢yuIt as many as posslble. lyjt due to Changes in the law over licence categories. find it particul¥ly difficu￿ to recruit people ar8 at4e lo drive a minibus. Most of our volunteers drive our electric wheelthair acce￿ble car which take8 people t¢ n￿d[C appointments. North Norfolk Community Transport Company Limlted by Guarantse Trustees, annual report (incorporatlng the dirnctors. report) (¢tyrtthu•dJ Year onded 31 March 2024 Achlevem8nts and perforniance In 202314 we provthj a total of 15,495 trips on all our cornmunty transwt services (an increase of 2,963 from previous year). This included 8,940 Irips through Diaka-ride: 1.924 trips for wheelchair accessibl8 transp(rt 3.249 tri)s on our lottery fvnded Making Connections programme 1,382 trips thrO￿h our minibus group hire. Overall, Ihefe was an increase of 23.6% in passenger ioumeys thrcwhout this financial year. We achieved our objeGlive of adding an adthiional minibus to our fleeL Despile inueasing the number of passengerjoumeys V￿ Ca￿led CArt over the year, demand for our servi￿$ remains high. We have had to employ ne4V Systems to ty and ensure pla￿S M our excursion$ are fairfy shared betsveen passengers. We also operate a reserves list for Th¥Jst trips so that we can make sure the buses are still full. even there are cancellations. We continue to flex and [￿VelOp our Dial-a-Ride routes in order to meet Ihe changing needs of our passengers. have noticed how passengers are changing how they use Ihe seNice. Some use the bus to nnect to other transwt links well as more Iraditicy￿I pwpose of shopping and accessing the serviceB in their local market towns. A cx>ntinuing theme is that Dial+Ride provides a servlce Kthich many people identify as allowirwJ them to remain ltrving indèpendent lives in their own homes. Our three ￿eel￿air 8ceessible vehides are busierthan ever. maintytsking people tt> medical 8ppointment& but also to other social arKI *rJrk•related events. We conllnue to be oveThvhelmed by a demand which we cannot rr￿1. Forturkgtely, we managed to recruit new volunteèrs this year, and thelr rn￿n role is to increase capauty for us ty drfvSng our electric car which is part of this service. We UnderStar￿ that our communty transport Services errable our passengers to remain IrK1ep￿dent. b8 he81thier 8nd P*ppier, k88p connected to thelr community. In parts￿r$hIp wilh D810itt8. Eallng Community Transport developed the So*lal Value Toolktt, and we have been able to use this mettrKdology to apply monetary value to the ser¥iGes we provlde. Using this toolkii, we G4¢xAate that during the 12-monih period endlng March 2024, our ￿liVI11e9 have created addrtional social benefits vA)ich can be attributed a value of £188,858. The fiwre tskes into a¢c4)unt inLYeased independent liviry, reduced direct healthcare ￿91$, improved afft)rdablllty of a¢cess to group activities and Increased volunleerfng. Flnanclal review The Statement of Financral Activit*s for the year is set out on page 7 of the finanoal statements. A summary of the financial resutts is as follows. The income for the year amounted to £349,899 (2023: £321,800). Totsl expenthtur8 was £309.843 (2023: £310,66n resulting in a nel surplus of £40,056 (2023: £11.133 surplus}. The surplus has been ￿lded to the furKI balances brought for¥Yard and at Ihe balance sheet date, total funds amounted trj £347,603 (2023: £307,547). Roserves pollcy Free resep￿s shoLAd be mwnlained at a level representing what the board of trustee8 would considerwould be a heallhy pDsiUon and would ensure that the orgarmsatbn's COTe adivitles can CLMltinue during a wiod of unforeseen difficulty. A tull reserves Folicy is maintained by the board of trustees arxl publidy available upon request from NNcfs offKe. At the end of the Lwrrent fmanaal year reserves were as follDWS: restricted reseNe$ were £NIL P023: £1,229), free reseNeswÈre £135.508 (2023: £147.986) and capital reserves were £212,095 (2023: £158.332). Prfnclpal fundlng P•ourcos m4uity of the tharity's ir￿orne 18 frorn grart8. Plans for futurn perlods Thi$ year we would like to fws on reduclng our cth footprint and arg alreaoy m8asuring and Nth1I6hlng our SCO￿ 1 arKI 2 emissions. Our arnbiiion is to replace one of our c4der diesel vehicles with an electrtc minibus and we a￿ seeklng gr8nt fvndrw to achiev8 thls. As we alreaty have a small ele(tiic w￿l￿aIr a(%&8sible vehicl8, thls would mean 20Y• of ourfleet woukl be emisston free. North Norfolk Community Transport Company Llmltsd by Guarantse Tru8tee8' annual report (incorporatlng the dlr•ctor8' report) (W￿dDY Year ended 31 March 2024 Plans for futurn perlods {¢ontlnued) We Continue to connect with other voluntw sector groups, local councils and integrated heamh e4re professionals to work on Bolvlng unmet transport needs for the many people who Idenlfy thls 8s a barrier to better heatthcare and independence. We are actlvely seeklng opportun[￿e$ for pilot programmes in thls a d Conducting our own researth ¢>n identifykng the areas of greatest demand. Our strategic objedive8 remain the same: 1) To dW￿lop greater understandlng of unmet need so can acquire resource$ to devdop new pTojects and fill these gaps 2) To ewore and devek)p 8olutiDn8 that will ￿able us to provlde seNice8 that arn accesslble to al parts of the Gommunity 3) To develop seNlces and $olution$ that are key to cc(nbattSng lonellness and Isolation. and improving wellbeing 8cro86 all p8rt8 of the ￿mmUnIty To develop a sustainabilty strategy for the organlsation and roduc• any negative Impact on the environmenl We have started working on an updatéd strategic plan to drive us foThMrd to 2030. Structure. governance and management The tharlty Is a charitable company fimited by guar8ntee and was I￿￿rporated on 11 Febwary 2000. It ' governed by its Memorandum and Articles of Association. The charltabl8 company h89 no 8h8re capital and is limitéd by guarantse. Each member Is Ilable to contr￿)u￿ £1 to Ihe assets of the company in the event of Its wtnding w) and total members may not exceed 12. Af 31 March 2024 the company had 7 such members. In the event of the charftable company bew)g wouftd up V￿th $urplu$ funds, no member shall be entitled lo participata in the distribution of thls surplus. The fvnds remaining after s81dem8nt of all debts and Ilabllitles ryll be transferred to organisations pursuing similar obpdlves lo those of this charity. Appolntment of trustees Truslees are akyolnted at a general meetlng ef the organisatlon In accordance with the Memorandum and Articlos of A85ooation. New tru8t888 are briefed on their legal obligatlons es a trusteeldirector under dwrty and company law, the content on the charitys Memorarxlum and Artkles of Assodatlon, the board oltrustees and decision maklng process. the buslness plan and supporting financiaF plan$. The trustees, who are directors for the purpoge of cornpany law and trustees for the purpose of charity law. who served during the year and up to the date of this report are set out on page 1. Th8 trustees have fvll dectslon rn8￿n9 r8sponslblllty and meet reguiaty. Oryanlsatlonal structure The charlty Is managed by the Executive Lead, who 1$ supported ty a Community Transport Manager. North Norfolk Community Transport Company Llmited by Guarantse Trustees, annual rnport (incorporating tho dlrector8' report) {¢￿thu00) Year ended 31 March 2024 Rlsk management The charity monitors its risk on an ongoing basis and h&8 ensured that policies funding to mitigate these risks will be met during the financial year 2023r24. Intemal risks are minimised by the implementation of procedures authorisation of all projects and lo e1)su￿ consistent and qualty delvery for ajj operational a5peds of the charttable CoMp￿y. These wocedures are peri(xlically reviewed to ensure that they meet the needs of the charity. Employ88 Involvement In aCCord￿ce %Mth the charity's equal opportuThlies policy. the charity has long e8tsbllshed fair employment practkes In tha r￿ltMent, sekntion, retentlon and Iralning of 811 staff. Ful detslls of tr*8e policies are available from the charity's offices. Key management per8onno1 pay pollcy The salary of the Exècullve Lead Is set by the trustees. The pay of all staff induding the Executlve Lead is revwRI annualty. The ExecutFve Lead's salary has t￿en benchmarked against other equivalent roles within the voluntary sector in Norfolk. Independent examlner Mr l Ba1ow FCCA is willing to continue as widependent examiner for the charitable company. A proposal regarding the reappointrnent of Mr l Bartow FCCA will be made 81 the forthcx)miNJ Annual General Meeting. Small company provlslons This report has been prepared taking advanttye of small ¢ompanies' exemptton of section 415A of the Companies Act 2(*)6. The trustees, annual report was aFproved on trustees by: 26°fy12è2 nd Signed on behalf of the board of N Lloyd (Chai Trustee North Norfolk Community Transport Company Llmlted by Guarantee Independent examlnerfs report to the trustses of North Norfolk Community Tran8POrt Yearondod 31 March 2024 I rewt to the tharity trustees on my examtnation of the fmancial statements of the compar)y for the year ended 31 March 2024 vthich comprfse the st8tament of ffinancial activities (induding income and expenditure acixjunt), balance sheet and the rel*ed rK)tes. Responslbllltles and basls of rnport As the charity's trustees of the (xjmpany (and also ts directors for the purposes of compary law) you are responsib18 for the preparation of the financial statements in accordanc8 with the requirements of the Companies Act 2006 Iyhe 2006 Acr). Heving satssfied myself that the financial statements of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examIna￿n of your companys finanaal stat8m8ntS 88 carried out under seLXion 145 of the Charities Act 2011 ('the 2011 Acf). In c8rrylng out my examination I have foll(Aved the Directions gven ty the Charty Commission under sectK•n 145(5Xb) of the 2011 Act. Independent examlnerfs 8tst•ment sin￿ the ch8riVs gr08s income exceeded £250,0110 your examiner must be a member of a body Ilsted section 145 of the 2011 Act. I confim that l am qualified to urKlertake Ihe examlnalon because l am a member of the Assoclatlon of Chartered Certllied AcccMJntants (ACCA) whidi Is one ofthe Ilsted bodffies. I have tttmwed my examlnatlon. I ¢￿firM Ihat no matters hw4e come to my attention in connection with the examlnatlon glvlng m8 cau80 to belwo that in any material resp8d: accounting record8 Were not kept Sn re8p8d of the cornpany a$ required by sectkn 386 of the 2006 Act; or the financial statements do not accord wlth those reccrds. or the financlal statements do not comply with the accourktlng requirements ol secllon of the 2006 Act olher than any requirement that the acc<)unts give a Irue and faiff view which is not a matter considered as part of ￿ indeperthnt &Yamination' or rinancial slatements have not been prnpared in accorthce with the meih(K15 arnl ￿InciPleS of the Ststernent of ReGommended Prackn for accountlng and reporting by charitles applicat4e to charities preparing their 8ccounts in accordan￿ wilh the Finan￿al Rewting Stsndard applicable in the UK and Republlc of Ireland {FRS 102). I have no corttms and have come across no other rnatters in connection with the examination to whrch attention should be drawn in this report in order lo enable a woper und8rstanding of the accounts to be reached. Af>? l. A. Barbw FCCA Sexty & Co Chartered Certified Accountants and Registered Auditors 124 Thorpe R¢xl NoThvich Norfolk NR11RS North Norfolk Community Transport Company Limitod by Guarantee Ststsment of financial activiti08 (Including income and expenditure account) Year ended 31 March 2024 2024 Unrestrlctsd R¢5tr1ct•d funds fund8 Total funds Total fimds 2023 Income and endowments Donatlon6 and legades Charitsble activities Other tr8ding artlvtti•s Investrnent Income 97,112 47,700 16,478 4.314 184,297 281,409 47,700 16,478 4,314 246,452 35,949 38,619 Total Income 165.602 184,297 349,899 321,800 Expendlture RalsirYJ funds Costs of other trading actNities Charttable activitiés 102,456 21,861 124.317 102,456 207,387 309,843 87.805 222,862 310,667 10 185,526 185,526 Total expondlture Net expendlturn bèfore trnnsffrr of fund8 41.285 (1,229) 40,056 11,133 Tran$feFs between funds Not movemont In funds 41,285 (1.229) 40,056 11,133 Reconclllatlon ol lunds ToLI1 fijnds Ixought fomard Total funds carrfed forward 3(￿.318 1,229 307.547 347,803 296.414 307.547 347,603 The statement of financial activities indudes all gains and losses recognised in the year. I tncome and expenditure derive from continuing activities. The nol89 on pages 9 to 18 fomi part of these flnanclal statements. North Norfolk Communlty Transport Company Llmlted by Guarantee Balance sheet 31 March 2024 2023 Nole Flxed a890ts Tangible fixed assets 16 212,095 158.332 Curr•nt assets Debtors Ca8h at bank and In hand 16 16.589 282,677 13.517 246,632 260.149 299.246 CredKors: Amounts falllng due wlthln one year 17 (163,738) (110,934) Net currenl assets 135,508 149,215 307.547 Total assets less current Ilabllllles 347,603 Fund$ of the charlty Restrlcted funds Unrestricted funds 1.229 308.318 347,803 Total charlty fvnds 18 347,603 307.547 F￿ the year ending 31 March 2024 the charity was entiued to exemption from audit under Section 477 of the Companies Act 2006 relating to small Gompanies. Directors, resportslbilttle8.' The members have not required the ccAnpany to obtain an audlt of its financtal stalements for the year in question in aC￿rdan￿ with section 476., The dlrectors acknowtedge Ihelr responsibilties for complylng wlth the requlremenls of the Act wlth respect to accounting records and the preparation of finarKial statements. These finandal statements were approved by the board oftrustees and aLrthorised lor issue on 26 2olit . and are signed on behalf of the board ty. N Uoyd (Chair) Trustee Company reglstratlon number. 03924074 The notss on paga5 9 to 18 form part of these financlal statement& North Norfolk Community Transport Company Limitad by Guarantoo Notes to the financlal statsments Year ended 31 March 2024 Gon•ral Inforniatlon charity Is a publi¢ bengfjt entty and a prlvale c(mpany limited by guarantee. regislered in England and Wales and a registered chwity in England and Wales. The adtress of the registered office is 15 Comlsh Way. N￿th Walsham, Norfolk, NR28 OAW. Statem￿t of compllance Th888 financr818tatements have been prepared in complIan￿ with FRS 102, The Financial Report¥ig Standard appikable In the UK and the Republic of Ireland, the Statement ol Recommended Prxo applicable to charities preparing their accoLff)ts in accordance with the Fina￿la1 Reporting Standard applicablé in the UK and Republic of Ireland (FRS 1LY2) (Charilies SORP {FRS 102)) and the Companies Aci 20CI3 and the Chariti•$ Act 2011. The ¢harlty constitutes a wblic benefit entity as defined by FRS 102. Accountlng poll¢le5 Basls of prtyaratlorb The finanoal statements have been pr8pared on the hist￿1¢81 cost basls. Golng concern The fina￿81 statements Imve b••n prepared on a golng COn￿M ba$1$ 8$ the trustees believe that no materlal unwtalnlles exlst. The Ifustees have consldered the level offvnds held arKI the expethd level of Inccffie arKI expenditure for 12 months from authorising these financial 8tat8ment8. Fund aeeountlng Unrestrictsd funds are available for use at the discretion of the trustees to fLkther any of the ch8rlty'S purposes. Designated funds are unrestrlcted funds earni8rked ty Ihe trustees for particular firture prryect or commitment. Restricted (unds are Subjected to restrictions on their expen(Iture dedared by the donor or through the temis of an appeal. Incom• All irwe 1$ Incljded In the statement of financial activities wl)en entitlement ha8 pa&8ed to the charity, It Is probable that the economic b8n&fits associated with the transaction Mill fiow to the ch*ity and the amount can be reliably measwed. The fojlowkng Srecific polic*s are applied to partlcular categorles of incom& income from donations or grants is recognlsed there is eviderts of entitl￿nt to the gift, recelpt Is probable Rs amount C8n be measured reliably. inc¢)me from contracts for the supply of 8ervice8 is re￿nised ￿lIh the delivery of the contrthd servi￿. This is dassffied as unrestricted funds ￿lesS there is a contractual ￿quIrement for It to be spent on a particular purpose and retumed rf unspent, kn whlch case it may be regarded as restricted. North Norfolk Community Transport Company LIMIt￿ by Guarantee Notes to the financlal statements fcMrfniMdJ Year ended 31 March 2024 Ac¢ounllng pollcles (ci¥thued) Exp¢ndlture Expenditure is recA)gnised on an accNals basis as a liabilty is inclrred. Expenditure indudes any VAT thich cannot be fvlly recovered. and is dassifpd under headings of the statement of finandal adivilies to whlch it relates: expendlture on raising funds irKILwJes the costs of all fwrftai8ing adivities, events. non-tsritable trading actlvilles, and the sale of donated goods. eXpe￿IllUre on dBritable activilies indudes all costs incurred by a charity in undertaking adivibes ihat further its tharitable aims for the benefft of its beneficiaries, indL#JirKJ those support Gosts and ts relating to the govemance of the charfty apportioned to charitable actmties. other expenditure includes all expenditure that is neither related to raishg fund$ for the charity nor part of Fts expenditure on charitable actlvities. All costs are allocated to expenditure categories refiedng the use of the resource. DKect costs attributable to a si￿dIe acaivity are allocated dlreclly to Ihat activty. Shared costs are apportloned between the actlvrtles thgy contribute to on a reasonable, iuslifiable and conslstent basls. Tanglbl• ass•ts Taryible assets are initially reC(￿ded at cosc and subsequ8ntly stated al cost le88 any accumulated depreciation and Impalrment IosEe& Deprnclallon DeP￿ClaI10n is calculated so as to wrfte off the cost or valuation of an asset, less its residual vaue. over the useful economlc Ife of thal asset as follows.. Motor vehicles 10% in year of purchase, 10% of rem8￿Ing value in followir¥J 10 years 4 years straight line basis Equipment Flnance leases and hlrn purchase contracts Assets held under finance teases *)d hire purchase contrads are re￿niSed in the balance sheet as 88setS and liabilities at the lower of th8 fair value of the assets and the present value of the minimum lease payments. which is detemiirnd at the incepti<>n of the lease tenn. Any initial direct costs of the lease are added to the amount rewilsed as an asset. Lease paJThents are apportioned bebheen Ihe finance charges and reducti￿ of the outstanding lease liabilty using the effectlve Interest methed. Finance charges are allocated to •a¢h period so as to prodw a rAmStant r*e of interest on Ihe remaining balance of the liabirty. 10- North Norfolk Communlty Transport Company Umltsd by Guarantse Notes to the financlal statsments {conthiu• Year ended 31 March 2024 Accountlng poll¢le8 {¢ondnuedJ Flmnclal Snstrum•nts A financlal asset or a financi81 liabilty is recognlsed onty when the entity becomes a paty to the contractuaf provlslons of Ihe instwment. Baslc fffiancial in5trum8nts are tnllialty recognised at the ancunt recelvable or payable Includlng ary related transaction costs, unless the a￿angement eonsthrtes a fina￿1ng transaction. whwe It is recognlsed at the present value of the future payThents discounted at a market rate of interest for a simdar debt instrument. Cuffent assets and current liabl￿treS are subsequenuy measured at the cash or oth•r considernkn'on expected to L* paid or rethed arKI not dscounted. Debt Instruments are subsequenty measured at amortised cost. Employ•e b•n•ffts The charity operates a defined corbtributkn plan for the beneffit of Its employees. Contiibutions are expansed as they beccxne payable. Llmlt•d ty guarantee The charity Is a company Ilmited by guarantee. In the event of Ihe chwity beirKJ w0￿d up, the liabilty in fe8ped of the guarante8 18 limited lo £1 per member of the ¢hanty. Donallon$ and legacles Unrestrlcted Funds Restricted Total Funds Funds 2024 Donatlons Othw (Donations) 12.875 12,875 Grants Norfolk County c￿ncIl North Norfolk District Councll National Lottery Awards for All CTA Motablllty Grant Royal Comtryr4de Fund Making c￿nectIOnS Other grants 37.773 40,000 833 835 38,845 15,000 44,536 6,475 37,773 40.000 833 835 38,845 15,000 44,536 90.712 84,237 97,112 184,297 281.409 11- North Norfolk Communlty Tran8POrt Company Llmitsd by Guarantso Notss to tho financial 8tstsments Yearended 31 March 2024 Donatlons and l•gac168 (conthu•dJ Unrestricted Funds Re8tricted Total Funds Funds 2023 Donatlons Other (Donations) 3,929 4,325 Grants Award$ for All Chilthryck Tru8t Norfolk Communty Foundatlon Ethmrd Gostllng Norfolk County C¢un¢il North Norfolk DiBtriGt Council CTA Woodroofe Benton Postcode Lottery Motabilty C8Pit81 Grant Motabilty Grant Earl of Northampton's Charity Zedra Trust Other grants 9,181 9.181 5.000 4.871 10,CK)O 37,773 40.000 9,181 1,500 43,450 29.495 6,373 33,011 5,000 4.871 10,000 37,773 40,000 9.181 1,600 43,450 29.495 6,373 33,011 3.000 500 8.812 9.312 27,741 218.711 246.452 Charltable actfvltles Unrestricted Total Funds Unre¥trt(xed Total Funds F￿KIS 2024 Funds 2023 Subscrlpllons and lares 47.700 47.700 35,949 35,949 Oth8rtradlng actlvttl•s Unrestri<*ed Total Fund¥ Unrestrit*d Total Funds Fund5 2024 Fund8 2023 16.476 18,476 38,619 38.619 Investment Incom8 Unrestricted Totsl Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Interest Receivable 4,314 4,314 780 12- North Norfolk Communlty Transport Company Limlted by Guarantee Nots8 to the financial 3tatements (rnnllnu•d) Year ended 31 March 2024 Costs of other tradlng actlvltle6 Unrestrirted Total Fund8 Unrestrlcted Total Funds Funds 2024 Funds 2023 55,328 47,130 55,328 47,130 Management and admlnlstratlon 47,415 40,390 87,805 47,415 40.390 102.456 102,456 87.805 10. Expendltur• on charitable actlvlde8 U￿eStrI1xed Funds Restritted Totsl Funds Funds 2024 Provision of Tran8POrt Management and administratlon Govemance costs 10.462 8.912 2,487 100,184 85,342 110,646 94254 2,487 21,861 185,526 207,387 Unrestrrcted Funds Re6trfthd Total Funds Fund$ 2023 Provision ofTransport Managemenl and administration Govemance costs 13,577 11,586 3,252 105,012 89.455 118.589 101.021 3.252 28,395 194,467 222.882 11. Analys18 of govarnance Costs Total Funds Total FurKIs 2024 2023 Independent examination 2.487 3,252 12. N•t expendlturn Net experKllture is Stated after chwgingl{crediting): 2024 2023 Depreciation of tanglble fixed assets 19.374 25.144 13- North Norfolk Community Transport Company Limitsd by Guarantse Notes to the financial statements (conUnu•dJ Year ended 31 March 2024 13. staff costs The total staff costs 8nd employee benefts for the reporting perlod 8re 8n8ty8ed as follows.. 2024 2023 Wages and salarfes Soclal securty costs Employer contributlons tQ F*n$i¢n plèns 184,763 7,417 2,798 194,978 164.141 4.826 2,574 171.541 The average head count duriry th? peTiod was 7 {2023: 7). No enwloyae r•c8lved employee benefits of more than £60,000 during the pariod. Key management personnel include all persons that have aulhortty and responslblllty for plannlng, directing and corrtrolling the Sctivities of the charity. The total compensation paid to key management per60nnal for services prO￿ded to the charity was £33,WaO (2023: £29,863). 14. Trustee remuneratlon and •xpens During the year no remuneratlon or other benefits were paid to Trustees in their Gapaaty as Trustees. 16. Tanglble flxed assets Motor vehlcles Equlpment Total At 1 Awll 2023 Athjitions DispoBalB Al 31 Mar¢h 2024 316,248 73,137 7.242 323.488 73,137 389.383 7.242 396.625 Depreclatlon At 1 Aprfl 2023 Charge for the year Elim on disposa18 Al 31 Ntsrch 2024 157,914 19,374 7242 165,156 19,374 1T7,288 7,242 184,530 Carrylng amount At 31 March 2024 212,095 158,332 212,096 158,332 At 31 March 2023 -1 North Norfolk Community Transport Company Llmited by Guarantso Nots8 to the financial statsments (w￿￿dI Year ended 31 March 2024 16. Debtors 2024 2023 Trade dabtors Prepayments 8fKI accrued income Other debtors 1.060 12,258 3,251 537 12,035 16,569 13.517 17. Cr•dltors: Amounts falllng due ￿1n one year 2024 2023 Trade credltors Attruals and deferred Incom8 Sopial security and other taxes Other ¢redltors 12,592 143,218 3,089 4.839 8,561 93.431 4.224 4,718 163.738 110.934 2024 2023 Defe￿ durlNJ the year Deferred Income carnied forward 136.929 90.289 136,929 90,289 Deferred Income relates to grants received in advance for the acGesslble car servlce, car stheme and making connections service. .15. North Norfolk Communlty Transport Company Limited by Guarantee Notes to the financial statements (condftuod) Year ondad 31 March 2024 18. Analys1$ of charltable funds 2024 Unr•strlcted funds At 31 Mar 2024 At 1 Aw 2023 Income Expendlture Transfe General fund5 Capital reserves 147,986 158,332 3￿,318 165,602 (104,943) (19.374) (124,317) 208,645 138.958 16S.602 347.603 Restrfctad funds At31 Mar 2024 At 14>r 2023 Income Exwdrture Transfers North Norfolk District Council Natkjnal Lottery Awards for All Royal Countyslde Fund Nation81 Lottery Mi8cellaneou8 grants Motablllty CTA N¢)rfolk Courty Council 40.000 833 15,000 44,536 6,475 38,845 835 37,773 184,297 (40,000) (833) {1 5,000) (45,765) (6,475) (38,845) (835) (37,773) <185,526) 1,229 1229 Total funds 307,547 349,899 (309,843) 347,603 -16- North Norfolk Community Transport Company Limited by Guarantsfr Nots8 to the flnanclal statements (c<￿11nUad) Year ended 31 March 2024 2023 Unrostrkt•d funds At31*r 2023 At 1 Apr 2022 Iro)me Expendlture Transfers General fvnds Capllal reserves 150,292 139,642 289,934 103,089 (91,056) (14,339) (25,144) 43,834 (116,200) 29,495 147,986 158.332 306.318 103,089 Restrkted funds At 31 Mar 2023 At 14or 2022 Income Eyndlture Transfers North Norfolk Dlstrlct Council National Lottery Awards for All Zedra Trust Donations Earf of Northampton's CFwrity Natlonal Lottery Miscellaneous grants Woodroofe Bent CTA Norfolk County Councll Norfolk Communty Foundation 40,000 9,161 3,000 (40,000) <9,161) (3,000) (396) (33,011) {42221) (6.873) 129,495) {1.500) (9,181) (44,253) {4,871) {194,467) 33,011 43,460 36,368 1.500 9.181 37,773 4,871 218,711 1,229 8,480 6,480 (29,495) 1,229 Total funds 296.414 321,800 {310.66n 307.547 The Dlal a Ride serwI￿ is the charity's core cWS". 2024 2023 Flnanclal assets that aro dobt In8trumonts measured at amortlsed cost Trade debtors (note 16) Accrued income (note 16) 1.060 537 1,075 1.060 1.612 Flnanclal liabllltles measured at amortlBOd Gost Trade credliors (note 17) Ac¢ru8ls (note 17) Otlw ueditors (note 1 n 12.592 6.289 4,839 23,720 3,142 4.718 16,422 -1