COMPANY REGISTERED NUMBER: 04283804 (ENGLAND & WALES) CHARITY REGISTERED NUMBER: 1090731 JUMBULANCE TRUST Acom an Limitad b Guarantee DIRECTORS. AND TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 JUMBULANCE TRUST Acom an Ilmlted b uarantee FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Pa Reference and Administrative Information Trustees, Report (including Directors Report) Independent Examinerfs Report Statement of Financial Activities (including Income and Expenditure Report) Balance Sheet Notes to the Financial Statements 10 JUMBULANCE TRUST REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Name: Jumbulance Trust Trustees.. The Trustees who served during the financial year and to the date the report was signed w8re as follows: Caroline Southgate Dr Joseph P O'Dwyer Eleanor Harris Tritania Chasiya Frances Paterson Glen Shuttleworth Neil Mewes (April 2024) General Administrator: Billie Parker Chalr: Caroline Southgate Registered Office.. Space282, 282 Leigh Road. Le1gh￿n-Se8, Essex, SS9 1BW Contact details: Tel., 07483 414330 Email: info@}umbulance.org.uk Bankers: Lloyds Bank PIC 18 High Street, Harpenden, Herts. AL5 2TA Solicitors: Neves, Tollgate House, 69-71 High Street, Harpenden, Herts. AL5 2SL Independent Examiners: Roger A Cox Miller & Co, 5 Imperial Court, Laporte Way, Luton, Beds, LU4 8FE Comp8ny No: 04283804 Charity No,. 1090731 Page I UMBULANCE TRU REPORT OF THE TRUSTEES (INCLUDING DIRECTORS REPORT) TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024 Introduction and executlve summary The Trustees, who are also directors of the company for the purpose of the Companies Act, present their annual ￿port and the independently examined financial statements for the year ended 31 De￿rnber 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The infomation with respect to Trustees. Directors, Officers and advisors forms part of this report. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's goveming document, the Charities Act 2011 and 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 published in October 2019. OBJECTIVES AND ACTIVITIES The aims of th8 Trust ar8 primarily to provide specialist transport for those who are disabled or have complex long-term medical conditions and would find travel by most conventional means very difficult rf not impossible to undertake. The Trust operates specially adapted coaches to take Jumbulance groups and other organisations on day trips and holidays both in the UK and abroad. The objectives for 2024 were to continue to find new ways to engage the community in our work, finding new sources of applicants for trips, groups and care homes who would benefit from the Charity. The new administrative team were tasked to create systems and processes to bring thè charity in line with business practices which can then be monitored and evaluated for compliance, efficiencies and effectiveness. Trustees were asked to take on responsibilities to oversee projects related to specific specialist areas of the Charity from fundraising to markéting, safety and transport. ACHIEVEMENTS AND PERFORMANCE 2024 was a year of gradual return to consistent booking levels. we engaged with new groups and have been able to offer some new trips and meet with potential new customers. We have delivered our target number of days of use and gathered feedback from more travellers. This has allowed us to reflect on how we promote the Charity into the future. FINANCIAL REVIEW During the year the charitable company received unrestricted income from donations and legacies of £17.282 (2023.. £225,544) and fares of £140,623 (2023: £67,957). An unrestricted expendable endowment of £100,000 (2023.. £nil) was received as wall as restricted donations of £21,467 (2023: £34,881). Page 2 JUMB LANCE TRUST REPORT OF THE TRUSTEES (INCLUDING DIRECTORS REPORT) TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024 After expenses of £376,639 (2023: £374,078) there was net expenditure of £16,831 (2023: net income of £34,530) on the total fund. After transfers, there was net expenditure on unrestricted funds of £135,262, net income on restricted funds of £38,154 and net income of £80,277 on the endowment fund in the year. At the year end the charity had cash at bank of £444,331, fixed assets of £246,104 and total accumulated reserves of £708,787. Reserves policy The Trust maintains unrestricted reserves, which total £330,999, to ensure its commttments for the year ahead are fully funded. Restricted reserves of £297,511 are reserved for future vehicle renewal and sums specifically re￿iVed to support the travelling groups. These latter include a general Groups fund, a fund to provide financial support for nurse recruitment, and a fund to provide bursari88 for Assisted Travellers. Risk revlew The Trustees have assessed the major risks to which the charity is exposed, in particular, those related to the operational finances of the charity. They are satisfied that,. in consultstion with their insurance brokers, reasonable appropriate cover is taken wh6r8 necessary, that all financial transactions are authorised by two signatories approved by the board, and that systems are in place to mitigate exposure to the major risks but recognise that any organisation which is d8pendent on grant funding is at risk, especially at times of economic stagnation. In addition, protocols covering b8St practice in relation to health and safety and all matters relating to safeguarding of both vulnerable adults and children are updated regularly and all our employees, group leaders and volunteers must comply with these, as are outside groupslorganisations who do not have their own protocols in place. There is also a facility with Mencap for completing Data and Barring Service (D8S) enhanced checks for our volunteers and drivers to ensure the necessary clearances are held. Indemnlty Insurance Th8 Trust's Employers Liability Insurance cover was renewed in December 2023 in the sum of £10,000,000. STRUCTURE, GOVERNANCE AND MANAGEMENT JuMbUlan￿ Trust is a registered charity and a company registered in England and Wales limited by guarantee. It was incorporated on 7 September 2001 aryd its narne changed by special r6solution and Certificate of Incorporation dated 5 March 2007. It is exempt from the requirement to include limited in its name. Charitable status was gained on the 20 February 2002. The governing document is the Memorandum and Articles of Associated as amended by special resolutions dated 5 February 2002, 17 October 2009 and 18 February 2017. Charity trustees are appointed by the existing membership and retire by rotation, at the AGM. Interim appointments may be made at other times in accordance with the provisions of the constitution. New trustees are recruited through advertising. At the end of the year the responsibility for day-to-day administration of the Trust was delegated to the newly sppointed general administrator. Page 3 BULANCE TRusr REPORT OF THE TRUSTEES (INCLUDING DIRECTORS REPORT) TO THE MEMBERS FOR THE YEAR ENDED 31 DECEMBER 2024 PUBLIC BENEFIT STATEMENT The Trustees confirm that they have complied with their duty, set out in the 2011 Charity Act, to have due regard to the Charity Commission guidance on public benefit. The Trust continues to address the isolation felt by those who are disabled orwho have life-challenging illnesses by providing the opportunity to travel safely and comfortably, in doing so enabling them to feel integrated into society and giving everybody the opportunity to experience new adventures and widen their horizon whilst on holiday. STATEMENT OF TRUSTEES RESPONSIBILITIES The purpose of this Statement is to distinguish the Trustees, responsibilities for the Financial Statements from those of the Accountants as stated in their report. The Trustees (who are also directors of Jumbulance Trust for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordan￿ with applicable 18w and United Kingdom Accounting Standards (United Kingdom Generally A￿pted Accounting Practice). Charity and Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resourc8s and application of resources, including the income and expenditure ofthe charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 (FRS 102)., make judgements and estimates that are raasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in op8ration' The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable the Trustees to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of th8 charitable company and hence for taking reasonable step8 for the prevention and detection of fraud and other irregularities. The Trustees confirm that the Trust complies with applicable laws relating to slavery, servitude, forced or compulsory and human trafficking, including in particular the provision of the U.K. Modem Slavery Act2015. The Trustees are responsible forthe maintenance and integrity of the corporate and financial infomistion included on the Charitable Company's website. Legislation in the United Kingdom governing the pr8p8ration and dissemination of financial statements may differ from legislation in other jurisdictions. In the case of each of the persons who are Trustees at the time of approval of the annual report, the following appli88: Page 4 FORTHE YÉAR ENDED 31 DECEMBER2024 accountants a.rè unwore, aft h T(ust8p trfa8 f¥ken all fh¥ stpp¥ tljat helshe ouglrtlo h8V8 taken 85 a tru¥teè .In otd to make th?nlsolYeS *drè of any rtlavant g¢ebuntlhy nf¢rri.ati(in ond to ￿¢#￿.11.$￿ t.Iwt. th rnpaty's a¢¢outitant are gwaré of. tb* infoirhatt&n. Thfs. Vort has * prepared ihaccordancawith tho Statémènt of Reconlfttsrxled F*t&t"th'ACeo11nfi - an¢ in 8Ccordan￿.w[th the 8pec.ial prov.FSttsns of P4rt t5 0* the CO.itiP8llte AÈt 2006 retatlng to sthall étttitte¥,'The TrLigteèS. haTra tt0rtip1i￿ ￿th Ihé. duty ih sé¢libn4 of th$ 2011 tharltles Act to hayt dyé. ward ts gutctan¢fi. pu>li8be4 tyy. the Ch¥ty ¢0Mm￿$1¢1n, Inctuding publii b￿f. It guidqn¢e. oe., UDwyw , Tru8t80 JUMBULANC I r¥PQrttothe (*aFltytrU¥tgg% ¢nfftyeJ(amit¥alfoRofthe*eLyx 2￿,￿¥bId1.fro4etoU1 OR pageB 7.to Yfj. ofJumblllatTt&TfilStforth¢ yearendad31 ￿e.￿mI￿r ttypreparqtion ofthp. In qwrdancawjth th8 requtrements.of the Comp2nièS.Act20Q6 (thè20Q6,M ahd are éllglblè f!r indéP.ehdert èxamlnaoh, I,report rey& ol My, examlnalttlll tytyour wmpanV$ accounts 1odoutuntJef89rlo￿.Y41otft￿ CharfttesAct2Q11 f￿￿}IAtty In caYrySnggUtmy.&xamlnallon l.havRfoJlty Ihg. DIm￿r￿S glvenbylhp Chartfy Qorrimtti8ion under*o¢n t48F)(b)4MJé.2Q1. 1. AeL gxamkn•r'8 8tat•monL Sir¥0 the OMpAny%9ro¥8 In¢omw¢eededQ511000 yOiÈlWfftlRerrDu*b¢ 3. rnèmborofa body Ilstèd In 14$of th02011 A4t. l ¢oftfirrn.th8£.l.am qu8llfledbundertak8th88xamlnad.on because lam.a mftmb.erof'theJnsfitt Of..C.trBrte￿d.Auntahts S Imperial Cou¢ Laport8Way Bedfvrd4)tr¢ JUMBULANCE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Total Fund 2024 Total Fund UnrÈstri¢ted Fund R8strlcted Fund Endowment Fund Nots 2023 Income and ondowments from: Donations and legacies Charitable activiti8S Investments oth8r income 17,282 140,623 4.271 5,129 21,467 69.767 992 100,000 138,749 210.390 5.540 5,129 260,425 138,650 4,662 4,871 277 Total Income and Endowments 167,305 92,226 100,277 359,808 408,608 nditure on: Raising funds - Donations and,legacies Charitable activities 8,333 311,837 8,333 368,306 5,780 368,298 56,469 Total Ex nditure 320,170 56,469 376,639 374,078 Net incomel enditure Transfers betw88n funds Net movement in funds ox (152,865) 35,757 2,397 38,154 100,277 20,000 80.277 116,831) 34,530 1135,262) (16,831) 34,530 Reconclliatlon of funds: Total funds brought forward 466,261 259,357 725,618 691,088 Total funds carried forward 330,999 297,511 80,277 708,787 725,618 All income and gXP8nditure derive from continuing activities. The ststemant of finanGial activities includ8s all gains and Ioss8s recognised during th8 y8ar. Page 7 JUMBULANCE TRUST Company Reglstratlon Number: 04283804 BALANCE SHEET AS AT 31 DECEMBER 2024 Note 2024 2023 Flxed assets Tangible assets 246,104 293.346 Current Assets Cash at bank and in hand Debtors 444,331 102.407 434,072 14,140 10 546.738 448,212 Creditors Amounts falling due within one year Sundry credttor8 and accruals 11 (84,055) (15,940} Net Current Assets 462.683 432,272 Net assets 708.787 725,618 Charit funds Unrestricted Funds Restricted Funds Endowment funds 12 12 12 330,999 297,511 80,277 466,261 259,357 Total funds 708,787 725,618 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. For the year ending 315t December 2024. the company 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 company to obtain an audit of its accounts for the year in question in accordance with Section 476, Page 8 A8 AT #I'DÈGEMBER 7rt4 .(rA>rttsnuod) &gnad on bghalf Df the charitys tli18tx' sep. h IYDY TFUStaO tsè artd nd OB pf ès lo b 18 tomi part ot thts•fmanclal stsianekts. LANCE TRUST Aaeourttlhg Poll¢to* thé chanty bdng wo..uftd up., Itablllty in tsspecl o.f the guar8nt* ts ifm&ed to £10 per member of thfi chaiity, The. oddre$s ¢f r4i¥te.red office ￿given in the¢h4rlty. lrfqtm¥tion sjn pa&y 1 of theEe financia13t8tfftnts. Th¢ èh"arfty" ¢Jortstitutg8 a publiobe.néit wtity as ined ljy F.RS 101. Tho I￿￿181.$tst2Ments. hqy8 een ptepored. In aGqordpnc8 witlr Accounting and R￿OrtIng by Cbaritlès: Stateffiént of Recofflmended PraGtteè applfcablè Yo charities prtponng thèir aoctrunt£ itt accDrfancè wlth th• Financial Reportlng Standard appliGo.ble In tho an¢ Republ1¢ of treland Issued in Ootober 2019 th¢ Finan¢14 Reporting StondaN1 applicabl¢ in the UniteLI lfjngdorn ￿ Republlo of IrelaD¢ IFRS 102), Ch￿itIeS Act 20q1, tha Compart￿$ Act 20Q6 and UK Genorally AcGéPt•d AQCtiutiti The flnanclgl ataterrterts. OEEI prePa￿d on a golng crjneem basis urKlèr tho. hlst6ri081 Cts9t tyonvent Th.e financial stat￿mentS a￿ presented in pounds s£eTIiDg wbÉch is th& functional Gurrenoy of tF charfty 4nd to thè. ryéaregt po¥nd. (b) Tinglble fj.xed T9ngible f￿1 ed assets are Stated at ttist les9 d4irétti*lth.D. l)epmiation ornyobdas is or hw8 been pllt into &eN,iee. DeP￿l￿tIo￿lI ptDV.idel rAft qj tsngiblB ftred &ssets. at rat￿ cglcukated to Yatte off the ¢.08L1¢s9 8Stimated Fesidual value, of eaGh assol on a tystematits basi&èyerits aXP.ècted useful Ive 88 folb oror tythfelÈ$ Offtce oqulpment $t¢ight Ilné tralght line ,20% per ann.um (c) FuAd a¢¢aundng unMst￿t8d funds These arè funds whloh tsn tsé US￿ In xcordanrk the ¢haritablé objectivos at tho discwon al thè Ttu¥t￿s R•trfGt8d fund& These ar8. f und$ that c?n g)ly b.è used for Particvlar r¥stricted pun)088s wtthin thè ¢Jblect$ Of th¢ charity. Résttictions arisa wh¢n 8peolfie.d by the donofor whpn funo aro raised for particular restn-¢ted purposes. Restricted funds hiay inolude g.tants ra¢eiv.ad in advance of the rd¢v expenditure hence restncted fund balances Gan Vary Slknstantially year, on year. Endowment fvnds Expendable endowments are endowmènt fuhdswheré the tnJst*. have thé powerto coiwert the capital into Income. w.her.e the trustees exerclse thls po.wer, the relevan.t ￿nds. beco"m¢ unrfestric-tèd or restricted income funds depending on the torfn.s of the glft. (d} Incom• All Income is accounted for when the chaitty has entitlement, there i¥ certalnty of réGe.Ipt and th¢ amount18 m.easMfqbl8. Wh8rft possibla in¢ome is accou.nted. for on a reo6ivable bast& Where fares Page 10 JUMBULANCE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 for travel are received in advance thay ar6 accounted for as deferred income and credited to the statement of Financial Activities in the accounting period in which the journey takes place. Govemrnent grants are recognised using the performance model and are recognised in income when the proceeds are received or receivable. (e) Expendlture Expenditure is included in the Statement of Financial Activities on an accruals basis exclusive of any VAT. (fj Debtors and credltors recelvable I payable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impaimient are recognised in expenditure. (g) Financlal Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. (h) Judgernents and key sources of estlmatlon uncertainty Preparation of the financial statements requires management to make significant judgements in applying the accounts'ng policies of the Charity and estimates and assumptions that have a signfficant effect on the recognition and measurement of assets, liabilities. income and expenses. Actual results may be different to these estimates. (l) Going ¢oncem The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charty to be able to continue as a going concern. U) Taxation The Trust is a registered charity and is not liable to income tax or corporation tax on income derived from its charitable activities. Income from non-charitable activities may be subject to taxation. The Trust is registered for VAT and all amounts in the financial statements are shown exclusive of VAT where relevant. (k) Employea bènefits When employees have rendered service to the charity, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. (l) Traveller groups These accounts include transactions related to the various travelling groups. as theyfundraise under the Jumbulance Trust banner and collect fares and donations for specific organised trips undertaken in the Jumbulances. These transactions have been shown under restricted funds as the monies have been collected for specific purposes and each groups transactions are recorded separately and have been included under the Travellers Group restricted fund. Page 11 JUMBULANCE TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 Donations and legacies Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Don8tion8 Other grants Legacies 5.282 12.000 12,467 9.000 100,000 117,749 21,000 16,136 115.868 128.421 17.282 21,467 100,000 138.749 260,425 Income from donations and legacies in 2023 was £260,425 of which £nil was attributable to endowment funds, £34,881 was attributsble to restricted funds and £225,544 w88 attributable to unrestricted funds. Charltable 3. Activlties Unrestrlcted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Fares Event income 140,623 65,666 4.101 206,289 4.101 136.403 2.247 140,623 69,767 210,390 138.650 Income from charitable activities in 2023 was £138,650 of which £nil was attributable to endowment funds, £70,693 was attributable to restricted funds and £67,957 was attributable to unrestricted funds. 4. Invèstments Unrestricted Funds Rastricted Funds Endowment Funds Total 2024 Total 2023 Interest on deposits 4,271 992 277 5,540 4,662 4,271 992 277 5.540 4,662 Income from investments in 2023 was £4,662 of which £nil was attributable to endowment funds, £1,389 was attributable to restricted funds and £3,273 was attributable lo unrestricted funds. Page 12 JUMBULANCE TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 5. Analysls of expenditure on Charitable Actlvltles Actlvltles Undertaken Dlrectl Support Costs Total 2024 Total 2023 Jumbulance vehicle costs Equipment and supplies Drivers, wages and Nl Relief drivers Drivers, expenses Trip costs Evenvfunction costs Administration salary & Nl Pension contributions G0Veman￿ (note 7) HR support Information technology Office costs (including rent) Depreciation 46,028 409 48,997 7,350 104 144,047 3,237 46,028 409 48,997 7,350 104 144,047 3,237 37.537 878 5,927 2.294 3,821 19,596 48,081 368,306 75,091 788 64,606 21.362 17,074 92.667 3,315 18,175 37,537 878 5,927 2,294 3,821 19,596 169 70,222 4.200 4,245 402 18,462 47,911 368,298 47,912 298,084 Activities undertaken directly includes restricted expenditure totalling £56,361 (2023 £69,946) comprising the cost of trips and evèntslfunctions related to the traveller groups. Support costs include restricted expenditure totalling £108 <2023 £465). All expenditure is allocated direct5y to the relevant cost centres at the time of payment. 6. Governanca costs Unrestrlcted Funds Restricted Funds Total 2024 Total 2023 Legal and professional fees Bookkeeping Independent examiners remuneration 1.741 1.866 1,741 1,866 750 1,375 2,320 5,927 2,320 5,927 2,075 4,200 The independent examiners remuneration amounts to an independent examination fea of £1,495 (2023: £1,465) and accountancy services of £825 (2023: £610). 7. Trustees, and key management personnel remuneration and expensès The trustees neither received nor waived any remuneration during the year (2023: £nill. No (2023.. two) trustees had travel expenses reimbursed in the year {2023: £396). Page 13 JUMBULANCE TRUST NOTES TO THE FINANCIAL STATEMENTS {Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 The total amount of employoa benefrts received by key management personnel is £nil (2023: £nilJ. 8. Staff costs and employae beneflts The totsl staff costs and employee benefits were as follows., 2024 2023 Wages and salaries Social security Defined contribution pension costs 79,567 6,967 878 87,412 62,153 5,778 67,931 Drivers Administration 2.08 1.42 1.93 0.67 Average rnonthly number of employees during the year No employee received total employee benefits (excluding employer pension costs) of more than £60,000. Tanglble fixed assels Motor Vehlcles Offlce Total Cost: As at 1st January 2024 Additions Disposals As at 31st December 2024 716,977 3.811 839 720.788 839 716,977 4,650 721,627 De reciatlon: As at 1st January 2024 Charge for the year Disposals As at 31st December 2024 423.972 47.798 3,470 283 427,442 48,081 471,770 3,753 475,523 Net Book Value: As at 31st Dec8mber 2024 245,207 897 246,104 As at 31st December 2023 293,005 341 293,346 Page 14 JUMBULANCE TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 10. Debtors 2024 2023 Trade debtors Other debtors Prepayments and accruad income 52.646 10,612 39,149 10,535 3,605 102,407 14,140 11. Credltors 2024 2023 Other creditors Accruals and deferred income 2.505 81,550 805 15,135 84,055 15.940 12. Fund reconciliatlon Openlng Balance 01101124 Closing Balance 31112124 Income Ex endlture Transfers Unrestricted funds General funds 466.261 167,305 (320,170) 17,603 330,999 466,261 167,305 (320,170) 17,603 330.999 Restrlctsd funds Jumbulance Renewal J Brenda Hoskins Trust- bursaries Traveller Groups Other Salvesen bursary 134,001 916 134,917 48,605 63,765 12,986 48,605 44,739 20,000 49,250 74,228 17,082 (56,469) (36.785) (10,068) 49,250 259,357 92.226 (56,469) 2.397 297,511 Endovmiènt funds The Edward Gostling Fund 100.277 (20,000) 80,277 100,277 (20,000) 80,277 725,618 359,808 376,639 708,787 Page 15 JUMBULANCE TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 12. Fund reconciliatlon continuad - comparatlve Openlng Balance 01101123 Closing Balance 31112123 Income Ex endlture Transfers Unrestrlcted funds General funds 420,981 301,645 (303,667) 47.302 466,261 420,981 301,645 (303.667) 47,302 466.261 Restrlcted funds Jumbulance Renewal J.Brenda Hoskins Trust- bursaries Traveller groups Other 127,814 6,187 134,001 48,605 87,222 6,466 48,605 63,765 12,986 86,036 14,740 (70,4111 (39,0821 (8,220) 270,107 106,963 (70,411) (47,302) 259,357 691,088 408,608 374,078 725,618 Fund descriptlons (a) Unrestricted funds These are funds that the Trustees are free to use in accordance with the charitsble ob}ects. (b) Restricted funds (i) The Jumbulancé Rénewal fund is for the purchase of Jumbulance 4 to replace Jumbulance 2 when it reaches the end of its useful life. (li) The J Brenda Hoskins Trust fund represÈnts monies received to provide bursaries for holidays for those with disabilty. (iiil The Traveller Groups fund represents the monies held by the groups after collecting donations and fares and settling expenses, including the cost of using the Jumbulances. Balances may include monies received in advance of the relevant trip expenditure and hence balances may vary each year. The traveller groups comprise: Sussex Group. North Yorkshire Group, Ski Group and Hants and West Berkshire Group. The fare charged by Jumbulance Trust to the groups for use of the Jumbulances, is recognised by way of a transfer from the group's fund to unrestricted funds when it becomes payable. (iv) Other represents monies re￿iVed from UKH Foundation, National Lottery, Wixam and Sorbell to support the cost of various trips. Page 16 JUMBULANCE TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 (v) The Salvesen Bursary fund represents monies re￿IVed to sponsor new medical health professionals as support volunteers on Jumbulance holidays. The original donation of £50,000 was received in eady 2020 and at the onset of the Covid pandemic the donor agreed that these funds could be used for general purposes, if required, for the Jumbulance Trust to continue its valuable work. As they were uncertain times the donation was included in general funds. The effects of the pandemic no longer affect Jumbulance Trust's activities. and in the end these funds were not used forgeneral purposes. Therefore, the trustees have decided to re-instate the original purpose of the donation. This is shown by way of a transfer from unrestricted to restricted funds in the current year less £750 which was utilised in the year to support a medical volunteer. c) Endowment funds represent a gift in the fomi of an expendable endowment received from the Edward Gostling Foundation towards funding core costs. Only £20,000. plus at the discretion of the trustees any interest earned on the remaining endowment. may be applied to income in each year. Analysls of net 13. assets by fund Total 2024 Unrestricted Réstrlcted Endowment Fixed assets Current assets Current liabilities 246,104 163,816 78,921 330,999 246.104 546.738 84,055 708,787 302,645 5.134 297.511 80,277 80,277 Total 2023 Unrestricted Restrlcted Endowment Fixed assets Current assets Current liabilities 293,346 176,705 (3,790) 293,346 448,212 (15.940) 271.507 (12,150) 466.261 259.357 725,618 14. Related parties There were no related party trans8Ctions during the year (2023: £nil). Page L7 JUMBULANCE TRUST NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 15. Leases Operating leases- lessee Total future minimum lease payment under non-cancellable op8rating leases are as follows: 2024 2023 Not later than one year Later than one and not later than five years Operating lease rentals in the year totalled £nil (2023: £3,325). 16. Pensions and other post-ratlrement beneflts Defined contribution pension plans The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £878 (2023.. £nil). The defined contribution expense and liability is allocated to unrestricted funds and to activities directly undertaken and supports costs based on the role of the employee. 17. Financlal Instruments The total interest income for financial assets that are not measured at fair value was £5,540 (2023.. £6.662). Page 18