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 2025 WESTCOTTS CHABTSINDSS COVERSTS ADVISERS
TRIP Community Transport Association Contents Reference and Administrative Details Trustees' Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements .- 1 2 to 5 6 7 8 to 9 10 to 24
TRIP Community Transport Association Reference and Administrative Details Chairman Ms M Newman Trustees Mr S M Brownridge Ms M Newman Mr M Harwood Mrs VF Royle Mr A G Antoniou Ms J Flaherty Mr D Barrow Secretary Mrs C Barrow Charity Registration Number 1082544 Company Registration Number 03961606 Registered Office Independent Examiner The charity is incorporated in England and Wales The Annex, Honiton Surgery Marlpits Lane Honiton Devon EX14 2NY Westcotts (SW) LLP Independent examiner Queens House 42-44 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 with the financial statements of the charitable company for the year ended 31 March 2025. 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, advice 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: (b) to assist the charitable work of organisations and bodies engaged in promoting the relief of such persons through the provision of appropriate service: and (c) 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 with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales Achievements and performance There has been great improvement this past financial year in managing our finances. Through economies of scale as well as attending outdoor events turnover was substantially increased from £254,049 in 2024 to an increased amount of £378,967, an increase in revenue of 47%. Our policy of seeking economies of scale has achieved results which have stopped the annual losses that we had experienced. The charity is currently on a not-for-profit basis with income and expenditure tracking each other closely. Our staff and volunteers remain our main asset with staff working under some trying times and volunteers rising to the challenges of the needs of the community for access to transport for various medical and social journeys. We are also backed by County, Local and Parish councils who without their continued support of the Devon communities allows the whole operation to be viable enough to continue with the services needed by communities and individuals within them. Page 2
TRIP Community Transport Association Trustees' Report Financial review During the year the charity received income of E378,967 (2024: £254,049) and incurred expenditure of £366,347 (2024: £314,150) resulting in a surplus for the year of £12,620 (2024: deficit £60, 101). Reserves carried forward at the year end totalled £119,147 (2024: E106,527). Policy on reserves 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 £52,350 (2024: £33,528). Total expenditure in the year was approximately £366,000, (2024: E314,000). Should reserves fall (or indicate that they may fall below 25% the trustees will prioritise efficiency savings and fundraising to ensure that the minimum levels are met. Should the charity's reserves exceed 35% 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 We will start a co-ordinated effort to seek funding to maintain our services within the East Devon areas. Since the takeover of the Axe Valley Ring and Ride Charity we have managed to integrate the services into one with all residents having access to our services. We will continue along the same path as the previous year managing cashflows and seeking revenue streams that meet the challenges of the charity as well as keeping the long tradition of "service to our communities". Structure, governance and management Nature of governing 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 Transport Association Trustees' Report Recruitment and appointment of trustees The charity is managed by a management committee who shall be Charity Trustees within the meaning of the Charities Act. The committee consists of no less than 6 members or more than 15 members, which include honorary officers (the charity's trustees). The committee may in addition appoint not more than 5 co-opted members providing that the number of co-opted members shall not exceed one third of the total membership 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 committee members, including officers shall retire annually and be eligible for re-election at the AGM. Nobody shall be appointed as a member of the committee 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 willingness to act in the trusts of the charity. Statement of trustees' responsibilities The trustees (who are also the directors of TRIP Community Transport Association for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with 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 with 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 maintenance 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 behalf by: of the charity on 30/9/25 and signed on its M Neumon Ms M Newman Chairman and trustee .4..... Mr D-Barrow Trustee STEVE BROWN RIDGE Page 5
TRIP Community Transport Association Independent Examiner's 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 2025. 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 with the requirements of the Companies Act 2006 (the 2006 Act'). 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)(b) 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 confirm that 1 am qualified to undertake the examination because I 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 with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with 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 (SW) LLP Queens House 42-44 New Street Honiton Devon EX14 1BJ Date: 09l12125 Page 6
TRIP Community Transport Association Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income Note 3 4 5 6 Other income Total income Expenditure on: Raising funds Charitable activities 8 9 Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 22 Unrestricted funds € 183,702 152,217 42,332 616 (84) 378,783 (40,901) (300,358) (341,259) 37,524 (27,534) 9,990 Restricted funds 184 184 (25,088) (25,088) (24,904) 27,534 2,630 Total 2025 183,886 152,217 42,332 616 (84) 378,967 (40,901) (325,446) (366,347) 12,620 12,620 89,687 99,677 16,840 19,470 106,527 119,147 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 22. Total 2024 E 90,640 139,943 15,350 671 7,445 254,049 (18,208) (295,942) (314,150) (60,101) (60,101) 166,628 106,527 The notes on pages 10 to 24 form an integral part of these financial statements. Page 7
TRIP Community Transport Association (Registration number: 03961606) Balance Sheet as at 31 March 2025 2025 Note 2024 E Fixed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 16 80,691 60,070 17 18 19 Creditors: Amounts falling due within one year Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 20 9,719 4,846 48,834 63,399 (24,943) 38,456 - 119,147 3,600 31,684 22,912 58,196 (11,739) 46,457 106,527 19,470 16,840 99,677 119,147 89,687 106,527 For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: • question has bran cot reseed n8, arity to obtain an audit of is accounts for the year in • 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 within Part 15 of the Companies Act 2006. The notes on pages 10 to 24 form an integral part of these financial statements. Page 8
TRIP Community Transport Association (Registration number: 03961606) Balance Sheet as at 31 March 2025 The financial statements on pages 7 to 24 were approved by the trustees, and authorised for issue on 3alalos and signed on their behalf by: Me Neuma Ms M Newman Chairman and trustee Trustee The notes on pages 10 to 24 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 2025 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 office is: The Annex, Honiton Surgery Maripits 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 otherwise 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 ir accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR 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 Act 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 otherwise 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 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 2025 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 under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. Income and endowments All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met 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 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. Grants receivable Grants, 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 services 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 VA which 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. Page 11
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 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. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it 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. Tangible fixed 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, when 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 Page 12
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 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 which the charity may use for its purpose at its discretion. Designated funds are represented by the book value of the minibuses that are 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 which is a pension plan under which tixed 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 enefits 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 service, the excess is recognised as a prepayment. Financial instruments A financial asset or a financial liability is recognised only when 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 Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 3 Income from donations and legacies Donations and legacies; Donations from individuals Donations and legacies; Donations from individuals Unrestricted funds General € 183,702 183,702 Unrestricted funds General € 78,427 78,427 Restricted funds 184 184 Restricted Funde 12,213 12,213 Total 2025 € 183,886 183,886 Total 2024 90,640 90,640 4 Income from charitable activities Contracts and other services Contracts and other services Shopmobility Unrestricted funds General 152,217 Unrestricted funds General € 137,960 1,983 139,943 Total 2025 152217 Total 2024 137,960 1,983 139,943 Page 14
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 5 Income from other trading activities Trading income; Sale of disability aids, scooters and scooter repairs Events income; Fundraising events Trading income; Sale of disability aids, scooters and scooter repairs Events income; Fundraising events Unrestricted funds General 41,670 662 42,332 Unrestricted funds General E 14,776 574 15,350 Total 2025 41,670 662 42,332 Total 2024 14,776 574 15,350 6 Investment income Interest receivable and similar income; Bank interest receivable Interest receivable and similar income; Bank interest receivable Unrestricted funds General 616 616 Unrestricted funds General € 671 671 Total 2025 E 616 616 Total 2024 E 671 671 Page 15
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 7 Other income Sundry receipts Gains/(losses) on sale of tangible fixed assets for charity's own use Sundry receipts Gains/(losses) on sale of tangible fixed assets for charity's own use Unrestricted funds General 220 (304) (84) Unrestricted funds General 172 7,273 7,445 Total 2025 " E 220 (304) (84) Total 2024 172 7,273 7,445 8 Expenditure on raising funds a) Costs of trading activities Note Purchases (adjusted for stock) Note Purchases adjusted for stock Unrestricted funds General 40,901 40,901 Unrestricted funds General 18,208 18,208 Total 2025 E 40,901 40,901 Total 2024 E 18,208 18,208 Page 16
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 9 Expenditure on charitable activities Expenditure on charitable activities by activity type Unrestricted funds Designated General Note Contracts and other services, shopmobility and weekends away Allocated support costs 10 Note 25,778 178,852 95,728 25,778 274,580 Unrestricted funds Designated General € Contracts and other services, shopmobility and weekends away Allocated support costs 18,720 10 18,720 133,543 98,669 232,212 Expenditure on charitable activities by activity type Contracts and other services, shopmobility and weekends away Governance Contracts and other services, shopmobility and weekends away Governance Activity undertaken directly € 236,419 - 236,419 Activity undertaken directly 195,275 195,275 Restricted funds € 23,740 1,348 25,088 Restricted funds 43,012 1,998 45,010 Activity support 90,992 6,714 97,706 Activity support COSTS 96,238 4,429 100,667 Total 2025 € 228,370 97,076 325,446 Total 2024 195,275 100,667 295,942 2025 € 327,411 6,714 334,125 2024 291,513 4,429 295,942 Page 17
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 In addition to the expenditure analysed above, there are also governance costs of £6,714 (2024 - £4,429) which relate directly to charitable activities. See note 10 for further details. 10 Analysis of governance and support costs Governance costs Independent examiner fees Examination of the financial statements Legal fees Independent examiner fees Examination of the financial statements Legal fees Unrestricted funds General € 3,865 2,849 6,714 Unrestricted funds General E 2,735 1,694 4,429 Total 2025 € 3,865 2,849 6,714 Total 2024 2,735 1,694 4,429 Page 18
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 11 Net incoming/outgoing resources Net incoming/(outgoing) resources for the year include: 2025 2024 Loss/(gain) on sale of tangible assets for charity's own use Depreciation of fixed assets 304 26,902 (7,273) 20,032 12 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. During the year expenses of E1,017 (2024: E121) were reimbursed to two trustees (2024: one trustee). No volunteer expenses (2024: 47) were paid to any trustees (2024: one trustee). No trustees (2024: none) supplied services to the charity to the value of Enil (2024: Enil). All transactions 13 Staff costs The aggregate payroll costs were as follows: 2025 2024 € Staff costs during the year were: Wages and salaries Social security costs Pension costs 146,732 3,620 4,971 155,323 164,197 4,184 5,221 173,602 The monthly average number of persons (including senior management / leadership team) employed by the charity during the year was as follows: Trustees Support staff Drivers 2025 No 8 5 5 18 2024 No 9 7 4 20 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 2025 14 Independent examiner's remuneration Examination of the financial statements 2025 3,865 2024 2,735 Page 20
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 15 Taxation The charity is a registered charity and is therefore exempt from taxation. 16 Tangible fixed assets Cost At 1 April 2024 Additions Disposals At 31 March 2025 Depreciation At 1 April 2024 Charge for the year Eliminated on disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 17 Stock Equipment and vehicles 281,863 57,827 (37,409) 302,281 221,793 26,902 (27,105) 221,590 80,691 60,070 Total 281,863 57,827 (37,409) 302,281 221,793 26,902 (27,105) 221,590 80,691 60,070 2025 9,719 Stocks 18 Debtors 2024 3,000 Trade debtors Other debtors 2025 3,825 1,021 4,846 2024 11,161 20,523 - 31,684 19 Cash and cash equivalents Cash at bank 2025 48,834 2024 22,912 Page 21
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 20 Creditors: amounts falling due within one year Other creditors Accruals 2025 20,428 4,515 24,943 2024 E 6,462 5,277 11,739 21 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 £4,971 (2024: £5,221). 22 Funds Balance at 1 April 2024 Incoming Resources resources expended Transfers Balance at 31 March 2025 Unrestricted funds General Community transport Designated Minibus fleet Total unrestricted funds Restricted funds Purchase of replacement vehicles Befriending project Befriending project- laptop and mobile telephone Electric bus Stronger community Total funds 33,528 56,159 89,687 4,792 - 22 12,026 16,840 106,527 378,783 378,783 : 184 378,967 (315,481) (25,778) (341,259) (24,925) (24) (139) (25,088) (366,347) (44,480) 16,946 (27,534) 27.905 2 - 139 27,534 52,350 47,327 99,677 4,792 2,652 12,026 19,470 119,147 Page 22
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 1 April 2023 Incoming Resources resources expended Transfers Unrestricted funds General Community transport Designated Minibus fleet Total unrestricted funds Restricted funds Purchase of replacement vehicles Befriending project Befriending project- laptop and mobile telephones Electric Bus Stronger Community 56,775 241,836 (250,420) 92,981 149,756 241,836 (18,720) (269,140) 4,792 12,213 (42,568) 54 12,026 Total funds 16,872 166,628 12,213 254,049 (32) (2.410) (45,010) (314,150) The specific purposes for which 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: Balance at 31 March 2024 € (14,663) (18,102) (32,765) 30,355 2,410 32,765 33,528 56,159 89,687 4,792 - 22 12,026 16,840 106,527 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 service for the Befriending Funds received from donors towards the costs of a new electric bus. Funds received from grant providers towards the costs of stronger community. Page 23
TRIP Community Transport Association Notes to the Financial Statements for the Year Ended 31 March 2025 23 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets 24 Related party transactions There were no related party transactions in the year. Unrestricted funds General Designated 3,294 77,327 43,999 - (24,943) 22,350 77,327 Unrestricted funds General € Designated 3,817 56,159 41,450 (11,739) : 33,528 56,159 Restricted funds 70 19,400 19,470 Restricted funds € 94 16,746 - 16,840 Total funds at 31 March 2025 80,691 63,399 (24,943) 119,147 Total funds at 31 March 2024 60,070 58,196 (11,739) 106,527 Page 24