Acting Chairrnan's Report 2023 Welcome to Tisbus AGM in this love hall in the heart of Tisbury. The TISBUS management team are: Gordon Sorenson Chairman Anne Ralphs Secretary and Actlng Chalmian Keith Walters Transport Manager Chris Ewin Treasurer Don McLaren Trustee Martin Ryan Trustee David Milas Coordinator Susan Ladbrook minute tsker The most obvious recent developmert for Tlsbus Ss that our Chalrnian, Gordon, has stepped back as Chalrman at present because of ill-health. l am dolng my best to keep the show on the road, but, as I now know better than ever, Gordon does a great deal of work for fsbus in his unassumln8 and efflclentway. We thank him for his work and wish him well. On a more cheerful note. fbuS has finally shrugged off all the limitations of Covid arKI is running its full schedule of weekly shoppin8 trips and rnberg (Mrtings. We have a full list of outtngs for 2023 and welcome feedbock SQ that we can repeat the POPLtlar destinations. We dixuss the members, outlngs at our monthty committee meetin8 and it would be very helpful if you could complete and return the questionnaire at the end of the AGM papers so that can try to refiect your preferences a5 we plan the outirfOr2O24. Wlthout roadVrthY buses there would be no Tlsbus and we have Kelth to thank for the maintenance and safety of the buses. He also introduces new drivers to the requlrements of drIng Tlsbu5. Keith 8lves a monthly update on the state of the fleet and any necessary repairs and tests. His annual report is included in the AGM papers and Keith wlll answer any questlons arising when he presents his reporL well as buses Tlsbus depends on drlvers. The Vdst majorlty are volunteers and all of us are gratsful to them for 8p4in8 thelr tlme to Tlsbus. Not only thelr tlme bul as members attest, their consideration in Small ways such as tsklng shopping to the front th)or of members. houses. We are alway5 lookin8 for new drivers so. rf anyone know5 of anyone who might like to volunteer. please let us know. We are very fortunate to have Chris Ewin 3$ our treasurer. He, without fail, presents a monthly financial report to the trustees keeping us abreast of the financial health of Tisbus which. happlly. Is good. Chrfs wlll formally present hls annual report, a copy of whlch was In the AGM papers, to the meeting and answer any que51N)Trs which members may have. Martin and Don are kjng serving volunteers as fornier Treasurer and Secretary re$Ftivety. Martin with his accounting knowledge and Don wtth his drivi and administrative expertise bring a depth of experience to Ti5bus which help5 to deal with ary problerns which mwi arise swiftly and efficient. Coordination is such an easy word to say but Eood coordlnatlon is harder to provide and absolutely essential for the smooth running of an entsrprise like fistyjs. We are most fortunate to have Dave as our coordinator. His quiet effictenvi and. on occasion. rapid response to changing arcumstanees
ensures, as far as Is humanly posslble, that Tlsbus pThides a ser¥ltr for members and prTrvate hl dients. The latter are important incorre genewator5. 8u5es and drivers and trustees alone do Mt keep Msbus on the road. We rely on donations from individuals and external organisations such as Wihs and Dorset County Councils. App.8 for the relevant grants is Just one of the tasks carried out by Chris and without them Ti5bus would not be viable. We are extremety grateful for any donations all of which help to keep fisbus going. Last. but. of course, not least are the members. The whole polnt of Tisbus is to provide a Service through shopping trips and enjoyment through rneMber outings. Perhaps most importantly of all members can share time together and catch up on the local news. Their teklY presence at Waitr05e on the shopplng run to Gllllngham has resulted in a tsble in the café being Set aside for the Tlsbus members. We* your trustee5. are here to try to provide a relevant. helpful and enjoyable seThice to our members. Your feedback helps us to do this. So. please let us know if you have any comments, 8¢x>d or bad to gulde us on for another year. In the meantime, enjoy Tlsbus and stty well. Anne Ralphs Acting Chairman
Profft and LO Acwmt for tho yoar •nd•d 31 34.708 25,357 (17.545) (14.825) 17,183 10,532 (23.598) (23,299} Other OFwatsng IncoN (8.435) (l1,%n Profft on the disp08al oftaryftAe I•d {5.913) {11,958) (5,913) (11,958)
The Tlsbury and tX•lrkt Conxnunity Ilinikn Ltd Registered numbw. 04014172 B Shgot as at 31 Mar¢h 2023 2022 Tangibl8 8868ts Curr•nt M••ts 3,8 Cash at WKI kn lond .007 98216 2.198 (8.3(X)) (9.218} curnnl a•••t• 87,916 Total a•Ml• l••• ¢urr•nl 117,754 129. aft•r morn th•n on• ymr {12.(r25) {18,324) 111,641 105, 111,641 sr•IN)Id•' fund• 111,641 an audlt under tIon 4T1 of Ihe CowiesArt 20(K. Th8 dlrethr¥ their r•spcThitx'litKrys y CUTplying wlth tho requIrents of th• to ¢ompanles SUW to the srrAII regkn. Tho wx)unt n(* been CAEwln lon $1nV24 •1tr0t Chwher
Registered number 04014172
The Tisbury and District Community Minibus Ltd
Report and Accounts
31 March 2023
The Tisbury and District Community Minibus Ltd Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
The Tisbury and District Community Minibus Ltd Company Information
Directors
Christopher Ewin Donald McLaren Anne Ralphs Martin Ryan Gordon Sorensen Keith Walters
Secretary
Anne Ralphs
Accountants
Donohue Smith & Hartwell Ltd Chartered Certified Accountants 43 Fisherton Street Salisbury Wiltshire SP2 7SU
Registered office
1 Ridgeway Chilmark Salisbury Wiltshire SP3 5BX
Registered number
04014172
Registered charity number 1085583
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The Tisbury and District Community Minibus Ltd Registered number: 04014172 Directors' Report
The directors present their report and accounts for the year ended 31 March 2023.
Principal activities
The company's principal activity during the year continued to be that of a community minibus service.
Directors
The following persons served as directors during the year:
Christopher Ewin Donald McLaren Anne Ralphs Martin Ryan Gordon Sorensen Keith Walters
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on ….................................. and signed on its behalf.
………………………………….
Christopher Ewin Director
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The Tisbury and District Community Minibus Ltd
Report to the directors on the preparation of the unaudited statutory accounts of The Tisbury and District Community Minibus Ltd for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Tisbury and District Community Minibus Ltd for the year ended 31 March 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Donohue Smith & Hartwell Ltd Chartered Certified Accountants 43 Fisherton Street Salisbury Wiltshire SP2 7SU
…..................................
3
The Tisbury and District Community Minibus Ltd Profit and Loss Account for the year ended 31 March 2023
| Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating loss Profit on the disposal of tangible fixed assets Interest receivable Loss on ordinary activities before taxation Tax on profit on ordinary activities Loss for the year |
2023 2022 £ £ 34,708 25,357 (17,545) (14,825) 17,163 10,532 (23,598) (23,299) - 800 (6,435) (11,967) 333 - 189 9 (5,913) (11,958) - - (5,913) (11,958) |
|---|---|
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The Tisbury and District Community Minibus Ltd Registered number: 04014172 Balance Sheet as at 31 March 2023
| Notes Fixed assets Tangible assets 2 Current assets Debtors 3 Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Capital and reserves Profit and loss account Shareholders' funds |
2023 2022 £ £ 29,838 46,985 6,209 3,877 90,007 88,321 96,216 92,198 (8,300) (9,218) 87,916 82,980 117,754 129,965 (12,025) (18,324) 105,729 111,641 105,729 111,641 105,729 111,641 |
|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
………………………………….
Christopher Ewin Director Approved by the board on …..................................
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The Tisbury and District Community Minibus Ltd Notes to the Accounts for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services, plus grants, donations and member subscriptions.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles
7 years straight line
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Creditors are measured at transaction price (which is usually the invoice price).
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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The Tisbury and District Community Minibus Ltd Notes to the Accounts
for the year ended 31 March 2023
2 Tangible fixed assets
| 2 Tangible fixed assets |
||
|---|---|---|
| Cost At 1 April 2022 Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for the year On disposals At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 3 Debtors Trade debtors Value added tax 4 Creditors: amounts falling due within one year Obligations under finance lease and hire purchase contracts Trade creditors Retained income (grant) 5 Creditors: amounts falling due after one year Obligations under finance lease and hire purchase contracts Prepayments |
2023 £ 1,565 3,854 790 6,209 2023 £ 6,300 231 1,769 8,300 2023 £ 12,025 |
Motor vehicles £ 155,900 (35,873) |
| 120,027 | ||
| 108,915 17,147 (35,873) |
||
| 90,189 | ||
| 29,838 | ||
| 46,985 | ||
| 2022 £ 900 2,393 584 |
||
| 3,877 | ||
| 2022 £ 6,300 335 2,583 |
||
| 9,218 | ||
| 2022 £ 18,324 |
6 Other information
The Tisbury and District Community Minibus Ltd is a charitable company limited by guarantee (registered charity number 1085583) and incorporated in England. Its registered office is: 1 Ridgeway Chilmark Salisbury Wiltshire SP3 5BX
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The Tisbury and District Community Minibus Ltd Detailed profit and loss account for the year ended 31 March 2023
This schedule does not form part of the statutory accounts
| Turnover Cost of sales Gross profit Administrative expenses Other operating income Operating loss Profit on the disposal of tangible fixed assets Interest receivable Loss before tax |
2023 2022 £ £ 34,708 25,357 (17,545) (14,825) 17,163 10,532 (23,598) (23,299) - 800 (6,435) (11,967) 333 - 189 9 (5,913) (11,958) |
|---|---|
8
The Tisbury and District Community Minibus Ltd Detailed profit and loss account for the year ended 31 March 2023
This schedule does not form part of the statutory accounts
| Turnover Hirings Fare receipts Bus Service Operators Grant Wiltshire County Council Community Grant income Concessionary fares - Dorset County Council Concessionary fares - Wiltshire County Council Clouds private hire Trip income Donations received Christmas meal income Members' fees (subscriptions) Grant release Cost of sales Drivers' costs Bus insurance Bus road tax Bus fuel Routine maintenance and repairs Bus sundry expenses Christmas meal costs Administrative expenses General administrative expenses: Telephone and fax Stationery and printing Insurance Co-ordinator costs Subscriptions Software Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other operating income Other operating income |
2023 2022 £ £ 9,604 5,914 218 276 1,063 1,063 7,750 7,750 1,524 1,292 5,138 5,634 2,835 - 2,889 984 1,673 1,360 840 - 360 270 814 814 34,708 25,357 2,210 868 3,873 4,638 242 330 4,682 2,710 4,448 4,454 1,529 1,825 561 - 17,545 14,825 154 216 344 650 465 456 3,213 2,972 (40) - 114 143 17,147 17,147 529 201 21,926 21,785 1,672 1,514 1,672 1,514 23,598 23,299 - 800 |
|---|---|
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