TRANS-VOL IA COpartY limieed by guarantee) REPORT AND filNANCIAL TATEMENTS YEAR ENDED 31- MARCH 21125 Ch&rlty No: 1082389 Company No: 4033874
TRANS-VOL CTrntents Page Report of themanagemettt Committee Report of tbeAudi¢oTS Statement of Financial Activiti BaLa[e Sheet io Ni)te¥ forming part of the Financial Statements 11-17
REPORT OF THE TrIANAGEMENT COMMITfEE FOR THC YEAR ENDED 31-K4RCH 21J25 ntroductlon The conunittee submits their report and the accounts of the charity for the yeJx endeAI 31. March 2025. The financial sialern¢nt$ ¢omply with the Cbaritses Act 2011, the compani Act 20(, the MetMorandiTrm and Article8 of ASSl&tion. and Accuunting and Reporting by Charities.. Statement of Recommended Practice hpplicable to chariti preparing their accounts in accordance with the Fi]Mncial Retwling Standard applicable in the UKand Republic of Iland (FRS 1021 {i8su¢d in O¢tob¢r 20191. LEC.AL AIID ADMINtSTRATKVE ORMATIoN CThArfty Num1. 1082389 Company Nu]nber: 4033874 Cornntte£ Members "" N. Woodbridge T. Fish J.H. Paddick A.P. White Dir¢ctormustee and Chairpetson Directornruslee Dirertorrrru$lee DirectorlTru5tce Senior Mkn&gemellt D. Cheeseman Prilleipal Office ThDeSIde Cotnplex OThett Road Gray8 RM17 5DX Audltors Rowland Hall 44154 Orsett Road Grny8 Essex RM17 SED Bankers Lloyds Bank Pl¢ 34 High Street Grays Essex RM17 6LX
TRANS.VOL REP()RT ()F THf, N.lANAGTr.lET CONIN.IITTEE ST FOR THE YEAR ENDED 31 hIARCH 2025 ICONTINUEDI QIIJF.CTS, AIMS, OBJECTIVES AND ACTIVITIES Charitable Ob'ects The charitable objects of ihe chariiy are to provide relief to the inhabitants of Thurrock and it5 environs who have need thereof, and in particul bui not so as to litnst the generality of the foregoing.. io provide and maintain non-profit community transport servi¢es; and b} io a.i%i.%t chtiriiable work of organisaiions and bodies engaged in PToinoting the relief of such persons through the provision of appropriaie services. We have referred 10 Ihe guidance coniained in ihechariiy Commission's general guidance on publi¢ benefit when Teviewing our aims and objeciives and in planning our future 41Ctivities. In Pdrticular. Ihe mageMent Commitiee consider how planned activitie% will ¢ontiibute to the al5 and objectives Ihey have set. Ob ectives for the Year To generaie additional core funding. To proN>te all of TTans-Vol's services throughout the community and increase the level of awareThess. Strat ILS to Achieve the Year's Ob ectives To research and apply for &&%i%tance and supwft 10 suitable grani making organisations aTLd locaVnation4LI businesses io promote the benefJLS of suppx)rting Trans-vol und its obje¢tives within Thurrwk. To geneTate futlds to sUp)n it5 charitable purposes by bidding for contracts for service that fall within the )undS of irs charitable purposes. To continue io review ihe charity's expenditure with an aiTh to reduce unnecessary costs and to rene8Otiaie the mS and discount levels of all supplieTS' contracts. To review the level of passetjger coniributions to the cost of travel with Trans-vol and, if required. implemeni any inLrease aBreed IhrouBh the Manitgement Committee. To re-visÈt TTans-Vol's web51te to ensure all information is up to dale and relewani. To ensure thai all of Tran%-Vol's promoiional inforniation is up 10 date. appropriate attd ieadily available at all public buildingb ancl other dllied outlets. Princi al Activities of the Year During the year Ihe charity was able continue to operate subsidised Iran5POrt Services foT Lt5 tnembers throughout Thurro¢k for eithei the Social Car Setvice (Volunteers using their own car% to help members who find ii diffieuli to use public (ransPOrtI. The Minibu5 Service (for Ihose member% who have w travel in or with iheir wheelchairs or any member who, by way of impairmeni. needs an a¢ce$8ible vehicle) has had to be leMporllY suspended due 10 financial pttssures. School Tran5POrt route5 continued to run daily during term tiine for the most vulnerable children across 5 routes. Members were %uppTrned to attend a va¥ie¢y of medical appointment%. At 31, Match 2025 the to] number of registered users of Trans-vol remained ai . was WVed for all. . and once again the annual fee OveT the year Trans-vol completed . . journey&
TRANS-VOL REPI)RT ()F THE F+IANA('ElEN I. c0fvi11'A"rEE FORT YEAR ENDED isfMARCH 202S ICONTINUEDI FINANCIAL REVIEIV AND RESULTS FOR THE YEAR A summary of the results for the year is Ven on page 8 of the financial Statements. The charity has continued to 0rate with no chaiitable financial assisian¢e from the local authority. The netouigoing re%ources for the Ye amounted ro £111,719 (previous year £923 incoming) and the defjcii will be deducted fr()m %erve% brollght forward giving total reseFve8 Camed forward of £79,437. Of this amouni £IO,(X)O is aiiribulable lo designated fund5 and £69.437 rernains in geneTal reserve5. Attention i.s drawn to Note l io ihe financial stat¢meni% gn page I I regarding our a8se%smenr of the chariiy to continue a.8 a going conceTn Reserves Pollc The MIgemen1 Com]niitee have established a policy whetEby the uttrestricted funds not cotnmitted 01 invested in tthgible fixed asseis I'the free reserves") held by the chariiy should be between 3 and 6 tnonih5 of the resources eXnded. whi¢h equates to £53,IXKI to £106,OIKI in general flind%. Ai Ihi% level, Ihe Managetnenl Commitiee feel thai they would be <ible 10 Conlinue the Current activities of ihe charity in ihe eveni of a.significani drop in funding. It would obviously be nece%sary to consider how the funding would be replaced 01 activities changed. The preseni Iree reserves amount to £80.156 and is within the iargei range for the organisalion. Investment Polic The policy of the ManagetnetLI CotnThitlee in respect of inve%tment 1% to pla¢e any fund% not tmmediaiely reqllired in management of the charity in depo%il% wilh clearing bank5 01 in cash funds designed .5pe¢ifically for ¢hariti&% su¢h as the Chariiie% Official Investment Fund ICOIFI money lld. Sllch deposits meet the Managemenl Cotntnittee's requirement for ihe maximising of income commensurare with the proTr¢iion gf capiLal. FUTURE PLANS Trans-vol Cotttinues to seek addjtional opportunities io raise its revenue streatns by exploring activiiies within its charitable purposes. It% activities over the year have illustra irs flexibility and willingne%s w deliver to the community li serves. ThutTock is at Ihe threshold of major changes including the C110 of a new freeport, increased investment in infrdsiruc¢u and an ambitiou% hollse bllilding programme. These Changes will undoubtedly produce challen8e5 and opportunities and Trans-wol's ¢onne¢tions to IuLal govemmeni and key enierpri%es within Ihe trM)rollgh mean li is well placed io leverase its capabilities and secure a sustainable future.
TRANS-VOL REPORT OF THE I¥IANAGEMENT CQTr¥lfvlITTEE ST FOR THE YEAR ENDED 31 MARCH 2025 {CONTINUEDI STRUCTURE GOVERNANCE AND MANAGEMENT Governln Docume The organisiilivn is d charitdble company limi*d by guarantee. inco[rated on 14 July 20(M) under nutnber 4033874 and regisiered as a charity on 12 September 20(K) under nutllber 1082389. The cotnpany was established under a Memorandum of Association which e8tabli8hed the objecis and powers of the charitable company and is governed under its Articles of As50ciatLOTi. Members of the chariiable company guaranLee to contribllte an amollnt noi exeeeding £1 to the asseLs of the charitable company in the eveni of winding up. Recruitment and A ointment of Manx ement Committee Members The director% of the company are also charity trustee.% for the purpose% of charity law and under the company's Articles are known as member% of the Management Commiiiee. Utlder the require¢tS of the Copat1Y'5 Artscles all ffletnber5 of the Managemeni Comtnitlee will hold office until the next Annual General Meeting following herlhiseleciion or co-option. On expiraiion of the period of office for which helshe wa8 appoinied, a member of the Managemeni Commiitee %hall be eligible for re-eleciion or further CO-OPtion. The charity has a wide range of activities and. as a result. seeks to ensure that the knowledge and experience of ihe MageMent Comrniitee covers a wide range of voluniary and community activities. in addition to business and managemeni sknlls. A skills audit of Management Cofflmiiiee members is usua]ly underLaken atknually and, where potential gap% dre tdentitied, new Commiiiee members are actively %oughi. All rnernbers of the Board give theiT time voluniJrily and receive no benefit from the charity. Any expenses reclaimed from the chariiy are sei oui in Note 9 to the Accounts. Commi¢tee Members Induction and Trainin It ha5 been #ged that a Management Committee Members TT4ining Programme covering both the induction ol new Commitiee MetnbeTS and continuing training of existing Comrnitlee m¢Tnbe[. should be implemented. The programme will include an induaion pack sent to new Committee Metnbers and describes a programme of irusiee% training and covers'.- The Legal Framework for charities and co¥npanies: The organisation's.strategic plan., An inlTodu¢iion ¢0 the activilies undertaken by the oiganisJtion'. and A description of the exiemal informatton and resources available Lo trustees and company directors. Or anlsatlonal Mana ement The chariiy is tun by a m1ge[n¢t COmltte¢ consistiti8 of tru51ees appointed by the Annual General Meeting or c opted during the yeiir. Major decisions on policy. personnel and expendiiuie aTe tn<ide by the Management commit¢. The Charity al%0 employed a Transport Manager who deali with the day-to-day deci%ions and general rllnning of the charity. Risk Mana ement The Managemeni Committee has conducied its own review of rhe major nsks io which the charity is exposed and system5 have been established io miiigate ihose risks. Signifi¢ani external risks ¢0 funding have led to the development of a.straregic plan. which will allow for Ihe diversification of funding and tlVIlle. Internal risks are minimised by the implementation of procedures for auihorisation of all transaciions and projects and to ensure consisient quality of delivery for all operaiiona] aspects ol the ¢haritable company. These procedures are periodiLally reviewed 10 ensure thai Ihey still meet the needs of the charity.
TRANS-VOL
REPORT ()F THE MANAC.LMENT LO111TTEE
R THE YEAR ENDED
5T flARCH 2025
ICONTINUEDI
ACCOUNTING AND REPORTJNG RESPONSIBILITI&S
Statement of Commlttee Members, Re
nsibilitles
The Iiuier4 (whi) are also direciors of Tran5-Vol for rhe pryse8 of cotnpany lawl are responsible for preparing the
Tru51ee.4' Repon and the finan¢i¢il %tdtements in accordLin¢e with itpplicdble law and United Kingdom Accouniing Siandards
(Uniied Kingdom Gener(Illy Accepied Accounijrtg Piacticel.
CoMpY Idw requires the trusiees ¢0 prepaie financial siaiements for each financial year, which give a true and fair view
of the slate of affrS of the charitable company and of the incoming re%ourc&% and application of resources, including the
income and expenditure, of the charitable company foT the year. In preparing these financial siaiem¢ni8. the Iruslee5 are
required to..
seleth %uitable aicounling tK)licies dnd then iipply thetn consistent]y',
ob*Tve the meihods and pnnciples in Ihe Ch1t]eS SORP.,
make judgement% and ebtitndle5 that are reasonable prudent:
Sl(Iie whether itpplicdble UK Accounting Stdndards have been followed, subject to any mateTial departures disclosed
and explain in the fincial sl
INJ)EPENDENT AUDITOR'S REPORT TO THE ME,MBERS OF 'I'IL4NS.I'OI, OPINION Wc have&udi(¢d thefinancial stalemetjts of Trans-vol (the 'ch8ritable company'l fortheyeaT ended 3111 March2025 which comprisethe Stdtellniof Financial Activkties. theBalancc Sheetand notes to the financial statements, includinga sllmmary of significant accollnting policies. Thr tinancial reporting framework that has IKen appli¢d in theirpreparation 18 applicable Iaw.and United Kingdom Accounting"Standards, including Financial Reportirtg Standard 102 The FInne[al Reporting Stizndttrd applicable in the UK drtd Rèpublic.of Jreland (United Kingdom Generally Accepted Accounung Practice). In our opinion the financial statements.. give.a truè arKLfaii"vièw of theTtaw of.the clwitable compat)y's affairs a$ at 319L March 2025, of its incoming resource8 and application of resources, including its income a[ expeDditute. for th¢ year then ended. have propèrly prepated in accordance with United Kingdom Generally Accepted Accounting Praetice: and have been preparcd in occordgnce with the requirements of tbe Companies Aci 2006. BASIS FOR OPINION "We condu¢ted our audit inac¢oidance with Tntern&tional StaThdardb on Auditing (UK) {ISAs (UK)) and applicable Idw. Our sp)nsibiJities under those 5tandard5 are further desrribed in the AuditOT'5 te5ponsibilities lor the audit of the financial staments section of ttur report. We ore independent ol the charitable ¢ompany in accordance with the ethical requirements thai relevant tt) our audit of the fInancial statennts in the UK, including the FRC'S Ethical Startdard, and we h&ve fulFIll our other ethical reswnsibiliti&s in a¢cordance with thesc requirements. We believe that thc audit evidence we have obtained is sufficient and appropriate to provide a basis ft>r our opinion. CONCLUSIONS RELATING TO GOINC CONCERN "In auditing the financtal 3tatements. we have Conclud that tbe ditect5, use of the going basi5 of &countithg in the prcpgration of the financial st&tements ffis appropria. --Based on the WO we have perfDmied, w¢ have not identified any material nrtaintieS relating to events or conditions tha¢ individually.or collectively, may. significant doubt on the company's ability to continue a going concern for a peFi(xl of at lea.st twelve months from when the financial statetnents are authorised for issue. "Our respon5ibtiities and the re6pon8ibil&ties of the directors with r¢s[t to going Concern are described in the relevant sections of this retM)rt. OTHER ID4FORMATiON The trus(ees responsible for ihe other inforniatson. TC other information cOPriSeS the inforniation included in the .tn]Stees'.allUaI teport, other than the financsal statemert¢$ and our audiior's report theoll. Our opinion on the financial statements dots nvt cover the other information and, except to the extent otherwise explicitly stated in our rew>rt, we do not ¢xpre8$ any form of assurJJice conclusion thereon. In Connection with our audit of the financial statements. ourresponsibility is ty rea(i the other infom]dtion and. in doing so. consider wh¢ther the other infonnation is materially inconststent with the financial blaAl or our knowledge obtained in theaLLditorntherwise appears tobe atLauY missut¢d. If we identify such tna¢erial inconsi$teneies or apparent material is$tdteettts, we dre reqllired Lo deterle whether there is a material wi&slatetllent in the financia] staten]ents or a iiiaterial mi5Statement of the other tnformation. If, based on the work w¢ have perfornled. we conclude that there ks a material misstatement of this 1)ther infomiation, we are rcquired to typort that fact. We have nothing to report in thi8 regard. OPINIONS ON OTHER MATTERS PRESCRIBFD BY THE COMPANIFS Acr 2006 In our opinion, b&8ed on the work undertaken in the course of the &udit: the infomiation given in the trnstees. report (incorporating the directo. report) for the fancIal year for which the finaThcial statements are prepared is consistent with the financial statents,. and the directors, rtp)rt has been prepared in accordance with appIlble legal requirements.
INDLPENDENT AUDI'foR'5 REPORT T TRANS.VOL (CONTINUED) THE MEMBER OF MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY J£XCEFfioN In the ligbt of our knowleilge ullder5tandillg of the chble company and its environment obtained in the course of the audit, we have not identified ffjateriai misstatenLents in the directors. reporL We have nothing to rep)rt in respect of the following Matt in relation to which the Companies Act 2006 requires us to report to you if. in our opinion.. adequate aCunting records have. not be£n kep¢ or returns adequate for our audit have not been received from branches not visited by us.. or the financial statemenL% arc not in agre£ment with the a¢¢ounting records attd reiurns,. or certain diselosurcs of directo]Y' r6tnuner&uon specified by law are nol made. or we havc notreeeived all the infortnation at explanation5 we require forour audit,. or the Itte5 were not eniitled to prepare the financial 5tatetnents in accordance with th¢ small companies. regime and .take advantage of the small comparnies," exemption8 in preparing the dir.ectors' re)rt and from the requirement to prepare a strat¢gi¢ rewrt RVSPUNSIBILrriFS OF TRUSTEES As explained ]noR fully in the trustees. responsibilities statement set oui on page 5, the trustees (who are also the directors of the charitable conpany for the purposes of ¢ompaDy law) are responsible for the preparation of the financial statements and thr bciugEatisfred thatthey give a trne and fait view, and for such internal control as the trusm detennine is nec¢&wy io enable the.pre10Tj of"financial statements that are fre£ from Mala1 D]isstatement, whether due to fraud or ettor. In preparing the financial statement%. the tn8tees are responsible for assessing the ChItable company's ability ts> continue as a going concern, disclosing, Its applicable, mattcts related to going concern and using the going concern basis of aecouDtsllgllni¢ss.the.tru6iees eitherintend to liquidate the charitable c(nnpany or to ¢eose 0rationS. or have no realistic alternatsve but to do so. AiJDITOR'S kESPONSIBILITILS FOR THE AUDIT OF THE FINANCtAL STATEMENTS Our objectives are to obtain reasonable assurance atK)ut whether the financial statetnents as a whole are frec fmm mat¢rial misstaternent. wh¢therdue to fraud orerror, to issue an auditor's reportthat includes ouropinion. Reasonable assurance .iB a high.level of."&%surance,"but is not a guarantee thal an audit ¢onducted ill uccordance with ISAS IUKI will alway5 detect a moterial misstatement wh¢n"it exists. MisstatrmenL8 can aTi8e fron) fraud or error atKI ar¢ considerell ]n&terial if, individually or in the aggrega, they collld reasonably be exwt¢d to influence the econornie de¢ision5 of u8ers tsken on the basis of th&8e financial Stat¢ents. ITregularities. includitig fraud, ate in5tallces of non-compliance with laws and regulations. We design proccdures in line with our resp0Th8ibilits&$, outlined above, to detect material mis8tatements in respect of irtegulariti&4, including fraud. The . speciftc_proEedura8 for this engagement ind1he Extent to which our wocedure$ are capable of d¢Wting irregulatities, luding fraud, is det2Jled below. Obtaining an understandin¥ of the legal and regulatory frameworks applicable to the entity including. bllt not Jimited to. the Charitses Act 2011. The Charities SORP IFRSL021 and the Chatity's governing document aNi ¢onsidering th6 culture and control env[ronnTht of the organisation. - Enquiry of anagern¢nt and those charged with govetDaTrce around a¢tUd] atKI >tential litigation and claims. Review of legal costs to &$certain the nature of the costs and possible related non-complialltt. Perfomiillg audit work over the risk of management ovetride of contmls, includii]g testing jourtidl entries and other adjUStDts for appropriateness. and evaluating the rationale of signifLcatLt transactions Outside the nornial ¢(MJrse of activity and reviewing accounting estijnates for bias. We cotnmunicate with those ¢harged wkth governatice regardillg, among other mauers, th¢ planned scope and timing of the audit and significant audit fjndings, iD¢luditLg any signifLC2nt deficiencies in internal control that we identify during our audit.
INDEPFNDENT AUDI'fnR'S REPORT TO THE MEMBERS TRANS.VO (CONTINUED} Becau8e of the itthemit limitations of an audi( thereis a risk that we will not detect all irregularities including those leading to a mat¢rial mi%st&tcment in the financial statements or non-compli1c£ with regulation. This risk illcreases the more that compliance with a law or rcgulation is removed from the event8 and trunsdetions reflected in the financia] statcmcnts, as we will be less likely Lo become aware of iristdn¢es of non-compl11Ce. 'Ihe risk is also greaier rcgarding irregularitics . occuning due to fraud_rather than errol, as fraud involves intentional CotlMent, forgery, collusion, onij$8ion or misrepresentation. A further de$¢ription ot our re5ponsibiliti&S for the audtt of the finanrrial statenntI is lo¢at¢d on the Financial ReportIg Council's website at.. www.frc.org.llklaitditor.%responsibi]ities. This d&8cription fornis part of our auditor's repxt USII OF OUR IIEPORT Thi$ report is rnade solely to the charitaThle ¢ompaDy's members, &8 a body, in aCcOrdar with Chapter 3 of Part 16 of ti Companies A 20(kn. Our.audit work has been undertaken so that we ight state to the charitable company'5 rn¢rnbet5 those matters we are required to stdteto thesnillAn.auditor'b report and for no other purposc. To the fllllest extent permitted by law, we do nOta£pl0rasSllrne re8poDsibiliLy.to anY0e otherthanthe ¢haritablc company and thech8Jithble ¢ompany'8 memb¢rs &8 a body. forour audit wo. for this rwrt. or for the opinions we havc fomed. 44154 Orsett Road Lynette Maric Thompson FCCA (Senior Statutory Auditor) For and on behalf of ROWLAND HALL, Stathtory Auditor Essex RM17 SED
TRANS.VOL STATEME OF FINANCLIL ACTtVlTIE INCLUDING INCOME AND EXPENDITURE ACCOU ST Fl)R'fHE YV.AR ENDED 31 MARCFI 2025 Total Funds TotiJl Restricted Funds Unrestricted Designred Funds Fund Notes 2024 INCOMCI fiRONI: Donations aDd t*gacies Chatitable ActivRties'. Grants and liares 205,088 205,088 2JJ.647 InvestrtLent Income 1,745 1,745 1,713 Other Incoming ResoueS 124 124 235 TOTAL INCOMING RESOURCFS 206.957 206,957 213.595 EXPENDITURE ON: Cost of-Raising Funds.. Charitable Activities 217.676 217,676 212.672 Other TOTAI. RESOURCLS EXPENDED 217.676 217,676 212.672 NET ExPEND[RE INCOME (10.719) 110.7191 923 TIIANSFER BETWEEN FUNDS NWT MOVEMENf IN FUNDS {10,7191 110.719) 923 RECONCILIATION OF FUNDS Total funds brought forward 80.156 iO.IM)O 90.156 89,233 TOTAL FUNDS CARIUED FORWARD £09A37 £10, £79,437 £90,156 The statement of financial activities includes all gains and I(8 recognised in the ye3x. All income and expenditure derive8 from ctsntiDuing aetiviti&s.
io TRANS.VOI. Company No. 4033874 BALANCE SHECI T AT I¥T MARCH 2025 2025 2024 ASSETS Tangible Assets 12 39 52 CURREKf AETs Debtors Cash at ballk and in hand 13 35,630 53,734 30,366 68,371 89,3fA 98,737 CREDrroRS'. amounts falling due within one yr 14 9.966 8,633 NET CURRENT A&SETS 79,398 90,104 TOTAL ASSETS LESS CURRENT LLIBILITIES 79.437 90,J56 CREDITORS.. amounts falling due after more than on¢y¢8r 14ET ASSETS 16 £79A37 £91J,156 UNiiKgTRICTED FUNDS Designated Funds General Funds 10,000 69,437 10.0 81,156 79.437 90,150 RfsTRICTED FUNDS TOTAL FUNDS 17 $79,437 £90,156 These accounts are prepdred accordance with the speciat provisions relating to small eAtiti¥s within Part 15 of the Companies Act 2006. Approved and authorised for issue by the Manascment Committee on ............. and signed on its behalf by AtyJJu N. WOODBRIDGE {Chaimianl
TRANS-VOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 lACH 2025
ACCOUIYTINC: POLICI&S
la) General Inform#tion and Basis of Aeeounting
Trat]5-Vol is a chLuiikble ¢omp¢iny limiied by gu
12 TIL4NS-VOL OTE.S TO THE F CI L qTATEfvIEN OR q'HE YEAR ENDED 31&7 MARCH 202S Accouf4TING POLICELS {Continlled) Id) R£S0re¢S (il Expenditure ksIecog]]ised once there is alegalorconstLucUv6 obligation to m#ke apaymentto dthird party, it is probable that settlelltent.will be required and the amount of the oblsgation can be measured reliably. All expenditure is sho net of VAT. £ii) Charitableactivilies expenditure comprises thos¢¢o$ts incurred by the chariry in th¢dcliveryof ILS activities and services for it% beneficiaries. Lt includes both cost8 that can be allocatcd dircctly to such activities and those costs of an indircct ]tute necessary to support thcm. .{lli) Govemonce ¢osts include those costs ass¢Kidted wilh meeiiag the consuwtional aod sthtt]tory requirefftents of the"charity und include audit fees and ¢obts rtked to the strategic managemeDt of the charity. .jivl. All costs are allocated_between the expenditure categoi'ie8 Otl a basis designed to reflect the use of the 8(x]rce. .The majority of costs relate to charitable activities and have been all(Kated as such. (el Fund Accountlng li) Restricted funds dre grants and contracts awarded for speeifie pu[SeS as laid down by the donor. .. Ill) . UnstriCted.funds.OoMpriSC other itkcome ieceived or generated for charitable putposes bui whsch ]llay be Spent at the discretion of the Maoagement TeanJ. liiil Designated funds are those unr&%trieted ttd that have been wmarked by thc trustees for particular (D Flxed knets .Depreciation is provided at rates calculated to writ¢ off th¢ cost of ewh asset over its eXtEd useful life. &8 detailed below. Iterns of equipmetjt are capithli$ed where the pur¢hase pri¢e exceeds L5(K). ' FiAturt%, Fittings and Equipment - 25% re<lucing balance and 33'h% straight line DebtTrrB -Trad¢ aTrJ &)ther. debtors_are .Tecogntsed at the settlement amount due after any trade discounts offered. Prepayments are valued ai the amount prq)d after thking a¢¢ount of any wade th"S¢OUDt due. (h) CreditOTS Creditors are r¢cognised where the charity ha5 apresent obligation resulting frotn a pa%1 eventthat will probably result in the transfer of_fund& w &third party and the amount due to settle the obligation can IK measured or eutktitated reliably. Creditors are nonnally rttognised at their seltlement amount after allowing for ally trnde discounts due. (i) Flnanclgl Insiruments The ChilY only ha5 fin9ClaI assetsand financial liabxlities of a kind that qualify as basic financial in8mJments. Basic financial instruments are initial]¥ recognised at transaction valiie and subsequently measured at their settlement value. (J.) Staff Peltsion Costs Staff costs and overhead expenses are allocated in the Statemet)t of Financial ActivitieB on the basis of time spent on those activitie8. The charity operates a defilled Contribution sche the 4L55ets of which tLeld leparately from those of the ¢harity. Pension Costs are charged to the SOFA in the peri(Kl to which they relate. i JtllKEMENTS AND KEY SOURCES OF ESTIMATION UNCERTtriINrY In the appLieation of the charity'5 accounting policies the tru5tee5 are wuiied to tnakc judgement8, e8timate$ atjd assumptions about the carrying amount of &85ets and liabilitie8 that are not readily apparent fro other sources. Thc estimates and A8.wciated assumptiODS are baled on historiral experience and other factors ihat are eortsidered to be relevant. Actu results may differ from ih&8e estimates. The estimates and underlying as8llmptions are reviewed on an ongoing basis. Revisions to accollnting estimates ate reL'ognised in the period in which the estimaie is reyisd where the revision affeKrs only thar period or in the Peri of th¢ revision and tllre periods where ttLe Rvision affects both cuttent alld fu(ut¢ niK]I.
13 TRANS.VOL NOI'fi S TO THF fiNANCIAL SI'ATEiWIEI N13 I- LRCH 2025 DONATIONS AND LEGACIES 2025 202 Donatlons The charity IKnefits from thé involvement and support of its volunteers, detail$ of which arc givcn in the managet C0mittee Rept. In accordallce with a¢coiinting standards, the economic contribution of gellergll volunteers is not m¢&8ured ITh the accounts. Premise5 Cost5 'The charity.opèrates from premises owned.by Thurrock Coun¢il. No charge is re by the council for the us¢ i)f these fa¢ilitie$. "- ]NCOMING RKSOURCKS FROM CHARITABLE ACTIvrrIEs 2024 Total Restricted Unr¢styicted Total Miiiibu.8 Fares and ContTa¢r8 VolunrDriVer Far&s National Lottery Community Fund GraDt. . . 201.629 3,459 201,629 3,459 198,633 3,014 Jo.(Ax) £205,088 £205,088 £211,647 2024 Bank Inteffst £1,745 £1,713 All of the above incorae relates to unrestricted ftlnds. EXPEM)ITURE ON CHARfrABLE ACTIVITIES Total Totul Salarie5. W8ge5 and Related Costs Volunteer Expense8 Mtnibll$ Expenses Millibus Hir Insurance Telephone and Internet Computer Costs Depreciatiotk Governance Costs Supp)rt Costs 129,125 2,483 24,429 33.486 2,571 2,256 1590 13 7,355 14.368 129.905 2,567 21,21 32.620 1,598 2,688 1.947 190 7,079 12.874 £217.676 £212,672 Of the £217.676 expenditure in the year to 31" March 2025 (2024.. £212.672) £nil was ¢harged to restricted funds 12024.. £nill and £217.676 to UnstrICted funds12024.. £212.6721.
14 TRANS.VOL NOTES I'O'I'HE blNANCIAL STATfi Mfi,NTS OR THE YEAR EIYD ANALYSIS OF GOVERNANCE AND SUPPORT COSTS The cliarity initikdiy ideThtifies the c05t of its 5UPPOrt function5. It then id¢ntifJes those costs which relate to the governance function. Refer to the table below for the basi5 of apportionment and the analysis of support and govemance costs. General Governan¢e Function Busi8 of rtionment Salaries Hea]thcare Insurance Telephone andInternet Printing. Postage. Stationtry and Advertssillg Legal and PfeiOnal Fe¢s Audit Fees Barth Charges Sundry Expense5 12,527 374 12,527 374 208 119 731 3.032 4,lYJO 195 447 Staff Time Staff Time Governance Usage Usage Goveman¢¢ Goveman¢e Govcrnance Usage 208 119 731 3,032 4,09 25 170 447 £14,368 £7,355 £21,723 . The charity 0[rgIeS fLI)m pre]nises owned by ThUk Council. No c]Jarge is ma(k by the council for th¢ use of the*e faci]iues. NET INCOMING RKSOURCES FOR THE YEAR This is stated 8fter ChaIng. 2Q24 Depreciation Manageent Com]nittee's Remunerdtion Auditors, Remuneration-Audit Services. - Non Audit seices £13 £190 £3,690 £7(K> £1.580 STATrT COSIS AND NUMIIERS 2Q25 2024 Staff costs were &8 follows.. S4Llaries and W£iges S(Kial Security Costs Staff Pensions 138.684 138,525 142 2,878 2,946 £141,652 £J41.545 No employee received emoluments of more than £60,0(X). The average weekly number of employccs during the year. calculatrd on the basis of fvll-1ln equivalents, was follows.. 2025 2024 Director5 Transport and Support 16 17 20 21
15 TRANS-VOL NOI'ES TO THE FINANCIAL SIA'I'EMkN'IS Y)R Tr'Hk ENDS£D 31-, tIllcU 2112S STAFF COSTS AND NUE*lBER.S (Continued) The directorsJtru&tees rCIv no remuneration during the Year(224.. £nil). One was r¢imbur8ed expenses toialling £34 {2O24- £13) in relation to conjpany administration costs. The charity considets its key managcment"personnel comprise the trustees and Op¢rauon$ Manager. The tt>tal employment benefit8 including employer pcn8ion contributions of the key mthagement personnel We £41.756. 10. TAXATtON The ¢haritable company is exempt from Corporation tax on its charitable actRYities. 11. INDEMNIIY INSURANCE Trusteè.lithility in8urdnce was paid during the year and is 1cluded in the charity'8 totat insurance premium for the year of £1,669. 12. TANGIBLEI FIXED ASSETS Fixtur65. FittAng$ ui men COST Brought Forward AdditiotLS Disposals 37.838 37.838 At 31° March 2025 7.838 £37,838 DEPRECIATION Brought F'onvard Charge for Ihe period Elitnithated on Disposal 37.786 13 37.786 13 Af 31# Mar¢ts 2025 £37.799 £37,799 NET BOOK VALUE At 31° Mar¢h 2025." £39 £39 NEfBOOK VALUEAI 31°March 2024 .. £52 £52 13. DEBTORS 2004 Farcs Receivdble Oth¢r Debtors attd Prepayments 22,827 12,803 22,Q87 8.279 £35,630 £30,366
16 NOTE&) TO'171E FINANCIAL STATEIENTs roR THE YEAR EI NDED 31. E+lARC1I 21125 14. CREDITORS: OUnts£ll1D8 dlle within one-year 2025 2024 Trade Creditors Other CreditOLE and Accrua18 5.386 4.580 4,053 4.580 £9,966 8,633 15. PENSION COSTS .The charity operatGs a defined trIbution stakeholder pension scheme and also contributes to suitable personal pension schemes of employe&s. Contributions are charged to the SOFA in the period to which they relate. Thecharge for the year wa8 £2,946 (2024.. £2,878). 16. ANALYSIS OF NET ASSETS BETWEEN FUI+]DS Gener&1 Deslgnattd Funds Rcstrlcted Funds Total Tangible-Fixed Assets Current Aets CUnt Liabille5 tA>ng Tetm Liabilities 39 79,364 (9.966) 39 86.364 19.9661 io,0( Net Awts at 31st March 2025 £69,437 £iO,O(K £79,437 ANALYSIS OF NEf AS&iETS BETWEEN FUNDS- PREVIOUS> YEAR General Funds Designated Funds Rcstricted Funds Total Funds Tangible Fixed Assets Current AsseL8 Cuntnt Liabilitios Long Tcrm Liabilities 52 88,737 (8,633) 52 98,737 (8.633) 10,(xx) Net A&%ets #t 31 March 21124 £80.156 £iO,(KM) £90,156
17 TRANS-VOL N()TF,S TO'fHL II'INANCIAL STATE4 MENT K I'HE YEAR ENDED 31 ST IY. MOVEMENT IN FUNDS Atl April 2024 Incoming Resources Ou¢%olDg R¢sour(x4 TratLsfers Ai 31. Mare 202S Restrlcted Fllnds: TotAI RtstrIctsd FuDds Unrestricted Funds: Designated ReAJundancy Reserve GeneraL Fui¥Js 10,o(x) -80,150 10,000 69,437 206,957 1217.676) Total UnTf8tricted Funds £90,156 £206,957 (£217.676) £79,437 TOtstndS -£90.156 £206,957 (£217,676) £79,437 MOVEMENT IN FUM)S- PREVIOUS YEAR Atl Aprll .' 20LI Incoming Resources Outgolng Resources Transfers At 31Bt March 21ll4 Rtstileted Fwids: Tot Restricted Funds '" UDrestrlcted Funds: Designated Redundancy Reserve GeueralFu"nd$ . IU.(KM) 7.9233 io,ow 80.156 213,595 1212.6721 Total Uttrestrieted Funds £89,233 £213,595 (£212.6721 £90.156 Totsl Fuiids -£89,233 £213.595 (£212,672) £90,156 Purpose of Designated Fun Rfxlundanc Reserve Tran$-Vol'% Managemejit Commiftee believe it 15 essential that provision is 8¢t aside to meet any atMI all of its legal respoJJsibilitie5 in iespect of .%taff redundamci¢s in the unfortunate event of the closure of th¢ ChilY. 18. OPERATING LEASE COMPvIfrTs At the reporting end date the charitabl¢ company had outstgJ)ding commitments for future minitnutn lease payrnents under non-cancellable operating leases, as follows.. 2025 2024 Duc Within l Year Due Within 2-5 Years 65,0( £107,2(K) 19. RELATED PARTY TRANSAcfIoNS There were no related pany transactions during the year.