Company registration number.. 03961606 Charity registration number-. 1082544 TRIP Community Transport Association (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 WESTCOTTS CHAR TEREO ACCOUNTANTS & aUSlNESS ADVISERS
TRIP Community Transport Association Contents Reference and Administrative Details Trustees. Report 2to5 Independent Examiner's Report Statement of Financial Activities Balance Sheet 8t09 Notes to the Financial Statements 10t025
TRIP Community Transport Association Reference and Administrative Details Chairman Ms M Newman Trustees Mr C M Fowler Mr S M Brownridge Ms M Newman Mr M Harwood Mrs V F Royal Mr A G Antoniou Ms J Flahety Mr D Barrow Secretary Ms C Barrow Charity Registratlon Number 1082544 Company Registration Number 03961606 The charity is incorporated in England and Wales. The Annex, Honiton Surgery Marlpits Lane Honiton Devon EX14 2NY Registered Office Independent Examlner Westcotts {SW) LLP Independent examiner Queens House 4244 New Street Honiton Devon EX14 1BJ Page 1
TRIP Community Transport Association Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together th the financial statements of the charitable company for the year ended 31 March 2024. Objectives and activities The principal activity of the company was that of providing non-profit community transport services. The objects of the charity shall be to provide transport and transport information, a befriending service offering advocacy, advi and information and community based activities including the provision of social care to the residents of Devon with particular focus on Honiton and its surrounding parishes who have a need because of age, mental or physical disability, or poverty, and in particular but not as to limit the generality of the foregoing.. (a) to provide non-profit community transport services.. (bl to assist the charitable work of organisations and bodies engaged in promoting the relief of such persons through the provision of appropriate service.. and Ic) to ensure, to the best of our abilities, that the transport, mobility need and associated support service requirements of the elderly, frail, disabled, socially excluded and rurally isolated, located in the area of benefit, to obtain health and social care are met. Public benefit The trustees confirm that they have complied wth the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by Ihe Charity Commission for England and Wales. Achievements and performance There has been great improvement this past financial year in managing our finances since Novemter 2023 en the slow turn around began. The losses from the previous year were stabilised by curtails and economies of scale. The charity expected to be in profit by mid 2024 thich is has come to fruition. The charity has achieved growth in users from Voluntary Car users to Ring and Ride outings and Befriending numbers with better-than-expected increases Sales are up and passenger numbers are holding at present. This bodes well for the future operations. Financial review During the year the charity received income of £254,049 (2023.. £330,616) and incurred expenditure of £314,150 {2023.' £486.359) resulting in a deficit for the year of £60.101 (2023.. £155,743). Reserves carried forward at the year end totalled £106,52712023. £166,628). Page 2
TRIP Community Transport Association Trustees. Report Policy on rnsernes The Trustees aim to ensure that the equivalent of a minimum of 25 % of the charity's annual running costs are available via its Free Reserves" which are £33,528 (2023: £56,775). Total expenditure in the year was approximately £314,000,12023: £486,000) Should reseNes fall (or indicate that they may fall) below 250/0 the trustees WTII prioritise efficiency savings and fundraising to ensure that the minimum levels are met. Should the charity's reserves exceed 350/0 of the annual running costs, the Trustees will consider the priorities for the charity and invest such additional reserves for the benefit of its beneficiaries. Plans for future periods The current financial situation has come about due to the steps taken to get control back of expenditure against income. Trip wll be moving on the 1 April 2024 to new premises up at the Honiton Surgery which we believe will increase our visibility and subsequently our turn over. In April 2023 our new fees showed that we were on the right track and our fee structure was better placed lo meet the financial commitments required to continue providing services to the community. Currently we are in a positive financial position in terms of accounts This is due to stringent f inancial controls and no spending is authorised wthout knowledge of there funds will be derived from to pay for the expenses. It is anticipated that the year 202312024 will be a change into a profitable period and cashflows are identified to ensure a positive outcome in bank balance. Structure, governance and management Nature of goveming document The organisation is a charitable company limited by guarantee (No. 039611606), incorporated on 31 March 2000. The charity is registered with the Charity Commission {No. 1082544) and its principal address is The Annex, Honiton Surgery, Marlpits Lane, Honiton, Devon, EX14 2NY. The company was established under a Memorandum of Association dated 31 March 2000, as amended by a special resolution dated 2 June 2006, that established the objects and powers of the charitable company and is governed under its Articles of Association. Page 3
TRIP Community TransportAssociation Trustees. Report Recruitment and appointment of trustees The charity is managed by a management committee who shall be Charity Trustees wthin the meaning of the Charities Act. The committee consists of no less than 8 members or more than 15 members. which include honorary officers (the charity's trustees). The committ* may in addition appoint not more than 5 coopted members providing that the number of co-opted members shall not exceed one third of the total memkership of the committee. Co-opted members shall not hold their office until the following AGM. The committee may invite any person to attend its meetings as an observer but without the power to vote. All committ& members, including officers shall retire annually and be eligible for re-election at the AGM. Nobody shall be appointed as a member of the committ& who is under 18 years of age or whose appointment would be disqualified under the provision of the following clause. No persons shall be entitled to act as a member of the committee until after signing a declaration of acceptance of Ilingness to act in the trusts of the charity. Statement of trustees. responsibilities The trustees (who are also the directors of TRI P Community Transport Association for the purposes of company lawl are responsible for preparing the trustees. report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements.. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the rna1ntenan and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Page 4
TRIP Community Transport Association Trustees. Report The annual report was approved by the trustees of the charity on w.l.Ixl3Lh and signed on its behalf by: Ms M Newman Chairman and trustee Mr D Barrow Trustee Page 5
TRIP Community Transport Association Independent Examinerfs Report to the trustees of TRIP Community Transport Association ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 ('the 2006 Act'i. Having satisfied myself that the accounts 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 examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5}Ib) of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of Westcotts (SW) LLP, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of TRIP Community Transport Association 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 wth the accounting requirements of *ction 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 IFRS 102)] I have no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr N Smy ACA Independent examiner Westcotts (SWI LLP Queens House 42-44 New Street Honiton Devon EX14 1BJ Date....l.c. l.lxlx Page 6
TRIP Community Transport Association Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income Other income 78,427 139,943 15,350 671 7,445 12,213 90,640 139,943 15,350 671 7,445 166,588 120,575 43,101 262 90 Total income 241,836 12,213 254,049 330,616 Expenditure on: Raising funds Charitable activities Other expenditure (18,208) (250,932) (18.208> (295,942) (37,219) (448,5111 629 (45,010} 10 Total expenditure 269,140 45,010 (314,150 486,359 Net expenditure Transfers between funds 127,304) {32,765} (32,797) 32,765 {60,101) {155,743) Net movement in funds (60,069) (32) (60,101) (155,743) Reconciliation of funds Total funds brought forward 149,756 16,872 166,628 322,371 Total funds carried fowdrd 23 89,687 16,840 106,527 166,628 All of the charitls activities derive from continuing operations during the above two periods. The funds breakdown for 2023 Is shown in note 23. The notes on pages 10 to 25 fomi an integral part of these financial statements. Page 7
TRIP Community Transport Association (Registration number: 03961606) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 17 60,070 98,204 Current assets Stocks Debtors Cash at bank and in hand 18 19 20 3,600 31,684 22,912 3,600 20,473 53,817 58,196 77,890 Creditors: Amounts falling due within one year 21 11,739) 9,466 Net current assets 46,457 68,424 Net assets 106,527 166,628 Funds of the charity: Restricted income funds Restricted funds 16,840 16,872 Unrestricted income funds Unrestricted funds 89,687 149,756 Totsl funds 23 106,527 166,628 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476., and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime wthin Part 15 of the Companies Act 2006. The notes on pages 10 to 25 form an integral part of these financial statements. Page 8
TRIP Community Transport Association (Registration number: 03961606) Balance Sheet as at 31 March 2024 The financial statements on pages 7 to 25 were approved by the trustees, and authorised for issue on Lt.l.kll¥ and signed on their behalf by: Ms M Newman Chairman and trustee Mr D Barrow Trustee The notes on pages 10 to 25 form an integral part of these financial statements. Page 9
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Mrs V Royle undertakes to contribute such amounts as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while she is a member, or within one year after she ceases to be a member. The address of its registered Offi is.. The Annex, Honiton Surgery Marlpits Lane Honiton Devon EX14 2NY 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless othewse stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Acl 2006. Basis of preparation TRIP Community Transport Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwFse stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Page 10
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable Ljnder the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, wll rarely equal the related actual outcome. Income and endowments Ail income is included in the statement of financial activities then the charity is entitled to the income, any performan related conditions attached have been mel or are fully within the control of the charity, the income is considered probable and the amount can be qualified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Donations and legacies Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified. Grants, where entitlem ent is not Conditional on the delivery of a specific performanTr by the charity, are recognised when the charity becomes unconditionally entitled lo the grant. Grants receivable Granls, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Charitable activities Income generated from the provision of transportation seNices is included in the Statement of Financial Activities when the service has been provided and the entitlement to the income is earned. Investment income Investment income is included when receivable. Expenditure Expenditure is recognised on an accruals basis as a liability incurred. Expenditure includes any VAT vhich cannot be fully recovered, and is reported as part of the expenditure to which it relates.. Raising funds Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes. Page11
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Other expenditure Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. Govemance costs These include the costs attributable to the charity's Complian wtth constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tanglble flxed assets Tangible fixed assets are stated at cost less accumulated depreciation Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Equipment and vehicles Depreciation method and rate 25 % reducing balance Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purpose of impairment testing, then it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. Page 12
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 stock Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs includes all costs of purchases, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specific purpose and thich the charity may use for its purpose at its discretion. Designated funds are represented by the book value of the minibuses that ar e required to be held to provide the charitable activities of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme lch is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for servi, the excess is recognised as a prepayment Financial instruments A financial asset or a financial liability is recognised only then the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financial transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Page 13
TRIP Community TransportAssociation Notes to the Financial Statements for the Year Ended 31 March 2024 3 Income from donations and legacies Unrestricted funds General Restricted funds Total 2024 Donations and legacies- Donations from individuals 78,427 12,213 12,213 90,640 78,427 90,640 Unrestricted funds General Restricted funds Totsl 2023 Donations and legacies., Donations from individuals 77,075 89,513 166,588 166,588 77,075 89,513 4 Income from charitable activities Unrestricted funds Ganeral Total 2024 Contracts and other services Shopmobility 137,960 1,983 139,943 137,960 1,983 139,943 Unrestricted funds General Total 2023 Contracts and other services Shopmobility 117,807 2,768 117,807 2,768 120,575 120,575 Page 14
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 5 Income from othertrading activities Unrestricted funds General Total 2024 Trading income; Sale of disability aids, scooters and scooter repairs Events income., Fundraising events 14,776 14,776 574 574 15,350 15,350 Unrestricted funds General Totsl 2023 Trading income", Sale of disability aids, scooters and scooter repairs Events income, Fundraising events 39,103 39,103 3,998 3,998 43,101 43,101 6 Investment income Unrestricted funds General Totsl 2024 Interest receivable and similar income., Bank interest receivable 671 671 671 671 Unrestricted funds General Total 2023 Interest receivable and similar income., Bank Interest receivable 262 262 262 262 Page 15
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 7 Other income Unrestricted funds General Total 2024 Sundry receipts Gains on sale of tangible fixed assets for charitls own use 172 7,273 172 7,273 7,445 7,445 Unrestricted funds General Total 2023 Sundry receipts 90 90 8 Expenditure on raising funds a) Costs of trading activities Unrestricted funds General Totsl 2024 Note Purchases (adjusted for stock) 18,208 18,208 18,208 18.208 Unrestricted funds General Total 2023 Note Purchases adjusted for stock 37,219 37,219 37,219 37,219 Page 16
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 9 Expenditure on charitable activities Expenditure on charitable activities by activity type Unrestricted funds Designated General Restrlcted funds Total 2024 Note Contracts and other services, shopmobility and weekends away Allocated support costs 18,720 133,543 43,012 195,275 98,669 1,998 100,667 18,720 232,212 45,010 295,942 Unrestricted funds Designated General Restricted funds Total 2023 Note Contracts and other services, shopmobility and weekends away Allocated support costs 30,996 130,351 66,512 227,859 63,437 193,788 157,215 223,727 220,652 448,511 30,996 Expenditure on charitable activities by activity type Activity undertaken directly Activity support costs 2024 Contracts and other services, shopmobility and weekends away Governance 195,275 96,238 4,429 291,513 4.429 195,275 100,667 295,942 Activity undertaken directly Activity support Costs 2023 Contracts and other services, shopmobility and weekends away Governance 227,859 212,900 7,752 440,759 7,752 227,859 220,652 448,511 Page17
TRIP Community TransportAssociation Notes to the Financial Statements for the Year Ended 31 March 2024 In addition to the expenditure analysed above, there are also governance costs of £4,429 {2023 £7,752) which relate directly to charitable activities. See note 11 for further details. 10 Other expenditure Totsl 2024 Total 2023 Note Bad debts 629 629 11 Analysis of governance and support costs Governance costs Unrestricted funds General Total 2024 Independent examiner fees Examination of the financial statements Legal fees 2,735 1,694 2,735 1,694 4,429 4,429 Unrestricted funds General Total 2023 Independent examiner fees Examination of the financial statements Legal fees 2,565 5,187 7,752 2,565 5,187 7,752 Page 18
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 12 Net incomingloutgoing resources Net outgoing resources for the year include.. 2024 2023 Profit on disposal of tangible fixed assets Depreciation of fixed assets 17,273) 20,032 32,739 13 Trustees remuneration and expenses No trustees, nor any persons connected wth them, have received any remuneration from the charity during the year. During the year expenses of £121 (2023.. £1,654) were reimbur*d to trustees. Volunteer expenses of £47 {2023.' £174) were paid to one trustee {2023.' trustees). No trustees 12023.. two) supplied services to the charity to the value of £nil (2023.. £3,292}. All transactions were undertaken on normal market terms. 14 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 164,197 4,184 5,221 236,753 8,639 7,618 173,602 253,010 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year was as follows.. 2024 No 2023 No Trustees Support staff Drivers 12 20 24 No employee received emoluments of more than £60,000 during the year. Page 19
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 15 Independent examiner's remuneration 2024 2023 Examination of the financial statements 2,735 2,565 Page 20
TRIP Community TransportAssociation Notes to the Financial Statements for the Year Ended 31 March 2024 16 Taxation The charity is a registered charity and is Iherefore exempt from taxation. 17 Tangible flxed assets Equipment and vehicles Total Cost At 1 April 2023 Additions Disposals 369,029 6,625 93,791 369,029 6,625 93.791 At 31 March 2024 281,863 281,863 Depreciation At 1 April 2023 Charge for the year Eliminated on disposals 270.825 20,032 69,064 270,825 20.032 69,064 At 31 March 2024 221,793 221,793 Net book value At 31 March 2024 60,070 60,070 At 31 March 2023 98,204 98,204 18 Stock 2024 2023 Stocks 3,600 3,600 19 Debtors 2024 2023 Trade debtors Prepayments Other debtors 11,161 11,513 340 8,620 20,523 31.684 20,473 20 Cash and cash equivalents 2024 2023 Cash at bank 22,912 53,817 Page 21
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 21 Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals 6,462 5,277 5,341 4,125 11,739 9,466 22 Pension and other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £5,221 (2023 £7,618. 23 Funds Balance at 1 April 2023 Balance at 31 March 2024 Incoming Resources resources expended Transfers Unrestricted funds General Community transport Designated Minibus fleet 56,775 241,836 (250,420) (14,663) 33,528 92,981 18,720) 18,102 56,159 Total unrestricted funds 149,756 241,836 269,140) 32,765 89,687 Restricted funds Purchase of replament vehicles Befriending project Befriending project- laptop and mobile telephone Electric bus Stronger community 4,792 4,792 12,213 (42,568) 30,355 (32) 22 12,026 12,026 2,410 2,410 16,872 12,213 45,010 32,765 16,840 Totsl funds 166,628 254,049 314,150 106,527 Page 22
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 1 April 2022 Balance at 31 March 2023 Incoming Resources resources expended Transfers Unrestricted funds General Community transport 117,207 241,103 (231,636) (69,899) 56,775 Designated Minibus fleet 123,977 {30,996) 92,981 Total unrestricted funds 241,184 241,103 262,632) (69,8991 149.756 Restricted funds Purchase of replacement vehicles Befriending project Befriending project- laptop and mobile telephones Winter friendship group stairlifts Home sitting service Covid fund Operation Rudolph Food Hub Electric Bus Community Care New telephone system Community Renewal DEVA Isolation Equipment for vehicles Stronger Community SCT hospital release 4,792 25,096 4,792 10,946 (36,253) 211 98 334 130 8,200 5,543 2,075 3,640 12,026 13,552 550 2,575 (421 {364) {130) (8,439) {11,996) (3,772) {16,128) 54 30 239 180 6,273 1,697 9,749 2,739 12,026 1,950 (16,055) 1550) (87,086) {9,420) (2,5781 {15,036) (15,878 223,727 553 19,922 8,713 64,589 707 2,578 14.583 15.650 453 228 81,187 89,513 69,899 16,872 Totsl funds 322,371 330,616 486,359 166,628 Page 23
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 The specific purposes forwhich the funds are to be applied are as follows.. Unrestricted funds: To provide and maintain non profit community transport services. Designated funds-. To recognise the fleet of minibuses that are held by the charity. Restricted funds.. Funds received from various grant providers and donors towards the cost of purchasing new mini buses. Funds held to provide'befriending, training to volunteers. Funds received from DCC to provide a laptop and mobile telephone Servi for the Befriending project. Funds received from DCC and other donors to fund the Winter Friendship Group project. Funds received from donors towards the costs of stairlifts. Funds received from donors toardS the costs of an electronic display screen. Funds received from Devon Carers towards the costs of providing the Home Sitting Servi. Funds received from donors towards costs associated with Covid 19. Funds received from donors towards the costs of Christmas presents and lunches. Funds received from donors towards the costs of meals. Funds received from the donors towards the costs of a new electric bus. Funds received from donors towards the costs of providing Community care. Funds received from grant providers towards the costs of a new telephone system. Funds received from grant providers towards the costs of community renewal. Funds received from the NHS towards the costs of DEVA Isolation. Funds received from DCC toward s the costs of equipment for vehicles. Funds received from grant providers towards the costs of stronger community. Funds received from Royal Devon University Healthcare Trust towards the costs of SCT hospital release. 24 Analysis of net assets between funds Total funds at 31 March 2024 Unrestricted funds General Designated Restricted funds Tangible fixed assets Current assets Current liabilities 3,817 41,450 11,739} 33,528 56,159 94 16,746 60,070 58.196 (11,739 Total net assets 56,159 16,840 106,527 Page 24
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2024 Total funds at 31 March 2023 Unrestricted funds General Designated Restricted funds Tangible fixed assets Current assets Current liabilities 5,097 61,144 9,466 92,981 126 16,746 98,204 77,890 9,466 Total net assets 56,775 92,981 16,872 166,628 25 Related party transactions There were no related party transactions in the year. Page 25