DENE VALLEY COMMUNITY TRANSPORT LIMITED
(A charitable company limited by guarantee)
REPORT OF THE TRUSTEES
AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR PERIOD ENDED 31 MARCH 2025
Registered Charity Number 1090747 Registered Company Number 03891784 (England and Wales)
DENE VALLEY COMMUNITY TRANSPORT LIMITED
INDEX
| Page | |
|---|---|
| Report of the Trustees | 1 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 16 |
Dene Valley Community Transport Trustees Report
For the year 1[st] April 2024 to 31[st] March 2025
Governing document
The organisation known as Dene Valley Community Transport Ltd (DVCT) is a charitable company limited by guarantee, incorporated on 19[th] October 1999 and registered as a charity on 21[st] February 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
The Memorandum and Articles of Association together with our current financial position as set out in our latest accounts and our key objectives and future plans become Key Management control documents.
Charity Objectives and Activities
The Company's objectives are to deliver affordable, safe, modern, and accessible community transport services to individuals and organisations in the Dene Valley Area. We strive to support those requiring assistance due to age, illness, disability, mental or physical challenges, or economic hardship. Additionally, our mission includes reducing social isolation and loneliness resulting from insufficient safe public passenger services. We are committed to offering volunteer opportunities and job training for people.
Recruitment and Appointment of Management Committee
The directors of the charitable company are also charity trustees for the purpose of charity law and under the Company's Articles are known as members of the Management Committee and are elected/re-elected yearly at our Annual General Meeting. We have added a Trustee who is physically disabled and a member of our community
Trustee Induction and Ongoing Training
In-house and external Trustee training is provided at regular intervals. The Trustees are fully aware of and committed to our charitable objectives, the management organisation and controls in place to measure and monitor achievement in attaining these objectives. All trustees have a copy of this Memorandum. New trustees are encouraged to attend training sessions during which they are provided with a copy of this governance document. New trustees receive induction training which includes a review of the Charitable Objectives, of the importance of the document and their key "Roles and Responsibilities" within it. We ensure that they understand the document and the implications for them as a trustee.
Organizational Management Structure
Dene Valley Community Transport Ltd. has a Board of Seven Trustees who meet regularly with a planned agenda. The Trustees monitor the business performance against our targets, plan for the ongoing improvements and agree the policies of the organisation. Members of the Board of Trustees have a broad range of skills relevant to the work of the company. The Transport Management operational procedures comply with the requirements of IS09001:2015 defining roles and responsibilities. The operational team is responsible for implementing the strategy and achieving the business aims and objectives set by the trustees. The Chair will directly monitor the performance and report progress to the Board.
Business Risk Management
The Management and Trustees continue to assess and identify the major business risks to which the charity is exposed. The Board agrees actions to reduce the identified risks and review the effectiveness of the actions at least annually. Appropriate management actions have been taken to manage a reduction of the identified risks, including the implementation of operational and security procedures which include performance measurement standards and weekly controls for applicable to all transactions and contracts.
Our Operating Environment
The residual effect of Covid Lock Downs remains reflected in the mechanical health of the vehicles caused by the vehicles standing unused. The increased vehicle ‘Off Road’ time reflects the problem. There is also a shortage of volunteer drivers despite the efforts of the Management to address the problem. The organisation operating performance was further damaged by a costly engine replacement. This cost and vehicle Off Road time was extremely damaging to the operating level of income. The community organisation and school activities which is returning to normal and recovering at a slower rate. The demand for reduced cost affordable transport serving community organisations is essential for the wellbeing of Young and Old User’s. The latest demographic statistics obtained from Durham County Council Local Development Strategy continue to indicate that Dene Valley Community Transport continues to operate in Wards that suffer from long-term high levels of unemployment, social isolation reflected in the Physical and mental health wellbeing needs as compared to the rest of the County and Country.
Achievements and Performance
The business objectives set for 2024/2025 to analyze operating costs and operating structure, the outcome indicated an immediate requirement to reduce vehicle repair and maintenance labour costs. These objectives were severely set back by extraordinary, unplanned costs and engine replacement and severance payment to the Repair and Maintenance Manager.
The extraordinary expenses, amounting to approximately £15,000, combined with the vehicle's period of being "Off Road," have considerably affected operating income. The organisation maintains its dedication to sustainability and to succession planning for key roles, with an ongoing focus on the professional development of the transport administrator. However, the lack of communication from DCC concerning grants and associated policy issues presents challenges for strategic long-term business planning. The vehicle tracking system continues to provide tangible benefits in route optimization and cost management within transport administration. Further advantages include heightened security for drivers and passengers, improved journey planning precision, and advancements in information management systems.
People
The Trustees are committed to personal training and development for key staff and volunteers are important to the health and sustainability of the business. All drivers hold current DBS and qualification equal the Midas requirements
Following the results of financial and productivity performance review of the post and role of the Repair and Maintenance Manager, changes were considered vital for the future of the organisation. The appropriate corrective actions were agreed by the Trustees and taken. The actions and cost reduction proved vital.
The coming period will see further efforts to engage and train volunteer drivers
The Trustees are grateful to the Transport Administrator and Drivers for their support and endeavor during this difficult period.
Key Aims & Objectives, Financial Performance Review and Reserves Policy for 2024-2025
The ongoing impact of Covid is evident in the mechanical condition of vehicles. Additionally, the absence of DCC grant support has collectively had an adverse effect on DVCT's financial performance. Efforts are underway to reinforce the organization’s financial and operational position.
Focus during 2025- 26 will be on an improved customer base, effective journey pricing, and carry out a
detailed Vehicle Condition Audit and Cost per vehicle to maintain.
The current average age of the vehicle fleet increases the expense of maintenance to retain a reliable and environmentally friendly fleet. Plans and costs associated with vehicle replacement will be reviewed throughout 2025.
The Trustees are continually encouraged to review, monitor and question the business performance against budget.
Staff &Volunteers
The Trustees extend their appreciation to all staff and volunteers for their commitment, hard work, and valuable contributions to the organization’s success. The volunteer policy aims to recruit additional qualified volunteers and drivers who meet our standards of excellence.
Accountant
The Chair again wishes to thank the Accountant, Ian Groves, for the quality and presentation of the accounts and the time taken to ensure the Trustees fully understand the contents. The Chair and Trustees confirm the financial accounts accurately reflect the financial position of the organisation.
Compliance with Legislation
Management will regularly review procedures and policies, making revisions as necessary to maintain ongoing compliance with Road Traffic, DVLA, OHSW, POVA, and Environmental legislation, regulations, and guidelines. This policy is applied to promote the safety, wellbeing, and protection of employees, volunteers, and passengers. It reflects Dene Valley Community Transport's commitment to operating as a responsible, professional, and sustainable organisation.
Responsibilities of the Board of Trustees
Company Law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair reflection of the financial status of the charitable company as shown in the balance sheet and its incoming resources and application of resources, including income and expenditure, for the financial year.
In preparing those financial statements, the Board of Trustees should follow best practice and:-
-
Select suitable accounting policies and then apply them consistently.
-
Make judgments and estimates that are reasonable and prudent; and
-
Prepare the financial statements on the going concern unless it is inappropriate to assume that the company will continue on that basis.
The Board of Trustees is responsible for having maintained proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Board of Trustees is also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the Board of Trustees
Members of the Board of Trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1. This report has been prepared in accordance with the Statement of Recommending Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions of the Companies Act 2006 relating to small entities.
Approved by the Board of Trustees on 22nd December 2025 and signed on its behalf by Anthony H. Bird
Chair of the Board of Trustees
Independent Examiner's Report to the Trustees of Dene Valley Community Transport
I report on the accounts for the year ended 31st March 2025 set out on pages 6 to 16
Responsibilities and Basis of Report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 ofthe 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
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 the charity as required by section 386 of the 2006 Act; or
-
(2) the financial statements do not accord with those records; or
-
(3) the financial statements 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 financial statements 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 ther accounts in accordnce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1 02).
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.
…………………………………………
Ian Groves 167 Hummersknott Avenue Darlington DL3 8RL
22nd December 2025
5
DENE VALLEY COMMUNITY TRANSPORT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2025
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2025 | 2025 | 2025 | 2024 | ||
| INCOMING RESOURCES | Note | £ | £ | £ | £ |
| Incoming Resources From Generated Funds | |||||
| Voluntary income | 5a. | 180 | - | 180 | - |
| Activities for generating funds | 5b. | 70,452 | - | 70,452 | 49,814 |
| Income from investments | 5c. | - | - | - | - |
| Incoming resources from Charitable Activities | |||||
| Grants Received | 5d. | - | - | - | - |
| ______ | ______ | ______ | ______ | ||
| TOTAL INCOMING RESOURCES | 70,632 | - | 70,632 | 49,814 | |
| ====== | ====== | ====== | ====== | ||
| RESOURCES EXPENDED | |||||
| Charitable activities | 6a. | 54,974 | - | 54,974 | 41,223 |
| Costs of generating funds: | 6b. | 19,931 | - | 19,931 | 13,266 |
| Governance costs | 6c. | 553 | - | 553 | 163 |
| ______ | ______ | ______ | ______ | ||
| TOTAL RESOURCES EXPENDED | 75,458 | - | 75,458 | 54,652 | |
| ====== | ====== | ====== | ====== | ||
| NET (OUTGOING) / INCOMING RESOURCES | |||||
| BEFORE TRANSFERS | (4,826) | - | (4,826) | (4,838) | |
| Gross transfers between funds | - | - | - | - | |
| ______ | ______ | ______ | ______ | ||
| NET MOVEMENT IN FUNDS | (4,826) | - | (4,826) | (4,838) | |
| BALANCE BROUGHT FORWARD - | 7,327 | 194,146 | 201,473 | 206,211 | |
| ______ | ______ | ______ | ______ | ||
| BALANCE CARRIED FORWARD - | 2,501 | 194,146 | 196,647 | 201,373 | |
| ====== | ====== | ====== | ====== |
The notes on pages 8 to 16 form part of these financial statements
6
DENE VALLEY COMMUNITY TRANSPORT LIMITED
BALANCE SHEET AS AT 31ST MARCH 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| TANGIBLE FIXED ASSETS | 10 | 195,863 | 196,987 |
| CURRENT ASSETS | |||
| Debtors | 11 | 70,862 | 51,179 |
| Cash At Bank and In Hand | 6,180 | 9,721 | |
| ______ | ______ | ||
| 77,042 | 60,900 | ||
| ====== | ====== | ||
| LIABILITIES | |||
| Creditors - amounts falling due within one year | 12 | 76,158 | 56,414 |
| ====== | ====== | ||
| TOTAL NET ASSETS | 196,747 | 201,473 | |
| ====== | ====== | ||
| THE FUNDS OF THE CHARITY | |||
| Unrestricted - general | 13 | 22,009 | 17,283 |
| - designated | 13 | (24,610) | (24,610) |
| Restricted | 13 | (194,146) | (194,146) |
| ______ | ______ | ||
| TOTAL FUNDS | (196,747) | (201,473) | |
| ====== | ====== |
For the year ended 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime
The financial statements were approved by the Board on 22nd December 2025
and signed on its behalf by:
The notes on pages 8 to 16 form part of these financial statements
Anthony Hopkinson Bird Director / Trustee
7
DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
1. General Information
The Charity is a private company limited by guarantee, regsitered in England and Wales and a registered charity in England and
Wales. The address of the Registered Office is "One Stop Sop", High Street, Eldon Lane, Bishop Aucland. DL14 8TD.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or exenditure.
The financial statements have been prepared in sterling, whch is the functioning currency of the entity.
Going Concern
There are no material uncertainties about the charity's ability to continue.
Disclosure Exemptions
No Cash Flow Statement has been presented for the Company.
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.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Further explanation of the nature and purpose of each fund is included in note 10 to the financial statements.
Incoming Resources
All incoming resources are included in the Statement of Financial Activities when entitlement has passed to the charity: it is probable that the economic benefits associated with the transaction will flow to the charity ad the amount can be reliably measured. The following secific policies are applied to partiular categorie of income:
-
income from donations or grants is recognised when there is evidence of entitleent to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
8
DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
3. Accounting Policies - continued
Incoming Resources - continued
-
income from donated goods I measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the suppy of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources Expended
Expenditure is accounted for on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a ingle activity are allocated directly to that activity. Shared costs are apportioned netween activities they contribute to on a resonable, justifiable and consistet basis.
Tangible Fixed Assets
Tangible Fixed assets are capitalised at historic cost including incidental costs of acquisition.
Depreciation is calculated so as to write off the cost of the tangible fixed asset by equal annual instalments over their estimated useful life (which may be the duration of grant funding) as follows:-
| Freehold Property | not currently depreciated |
|---|---|
| Motor Vehilces | a maximum of 5 years depending on grant |
| Furniture & Fittings | 5 years |
| Office & Other Equipment | 5 years |
| Computer Equipment | 5 years |
9
DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
3. Accounting Policies - continued
Financial Instruments
A financial asset or liability is recognised only when the entity becomes a party to the contractual proviions of the instrument.
Basic financial instruments are initially recognised as the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discouted at a market rate of interest for a similar debt instrument.
Current assets and current liabililties are subsequently measured at the cash of other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Taxation
The charity is exempt from corporation tax on its charitable activities.
4. Limited by guarantee
Dene Valley Community Transport is a company limited by guarantee and accordingly does not have a share capital
10
DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
5. INCOMING RESOURCES
5a. Voluntary income
| 5a. | Voluntary income | |||||
|---|---|---|---|---|---|---|
| Note | 2025 | 2024 | ||||
| £ | £ | |||||
| Donations & Subscriptions | 180 | - | ||||
| ====== | ====== | |||||
| 5b. | Activities for generating funds | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Fares and Trips | 51,792 | 46,506 | ||||
| Garage Services | - | 30 | ||||
| BSOG fuel rebate | 6,152 | 2,566 | ||||
| Other activities | 12,508 | 712 | ||||
| ______ | ______ | |||||
| 70,452 | 49,814 | |||||
| ====== | ====== | |||||
| 5c. | Income from investments | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Bank interest receivable | - | - | ||||
| ====== | ====== | |||||
| 5d. | Incoming resources from charitable activities | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Grants: restricted funds | 13 | - | - | |||
| ====== | ====== | |||||
| Total | Incoming Resources | 70,632 | 49,814 | |||
| ====== | ====== |
11
DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
6. RESOURCES EXPENDED
6a. Charitable activities
| Direct Costs | Support Costs | Support Costs | Total | Total | ||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| £ | £ | |||||
| Staffing costs | 36,098 | 3,139 | 39,237 | 46,545 | ||
| Premises costs | 1,594 | 139 | 1,733 | 1,762 | ||
| Office Rent | 4,416 | 384 | 4,800 | 4,800 | ||
| Office Expenses | 174 | 15 | 189 | (20,161) | ||
| Insurances | 6,080 | 529 | 6,609 | 4,695 | ||
| Volunteer Expenses | 446 | 39 | 485 | - | ||
| Sundry Expenses | 732 | 64 | 796 | 740 | ||
| Bad Debt Provision | - | - | - | - | ||
| Depreciation of owned assets | 1,035 | 90 | 1,125 | 2,842 | ||
| (Profit) Loss on sale of owned assets | - | - | - | - | ||
| ______ | ______ | ______ | ______ | |||
| 50,575 | 4,399 | 54,974 | 41,223 | |||
| ====== | ====== | ====== | ====== | |||
| b. | Costs of generating funds | |||||
| Direct Costs | Support Costs | Total | Total | |||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Garage Purchases | 99 | 9 | 108 | 157 | ||
| Fuel | 7,458 | 648 | 8,106 | 8,822 | ||
| Vehicle Maintenance | 10,647 | 926 | 11,573 | 3,940 | ||
| Costs of Other Activities | 132 | 12 | 144 | 347 | ||
| ______ | ______ | ______ | ______ | |||
| 18,336 | 1,595 | 19,931 | 13,266 | |||
| ====== | ====== | ====== | ====== | |||
| c. | Governance costs | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Professional and other fees | 553 | 163 | ||||
| Independent Examination | - | - | ||||
| ______ | ______ | |||||
| 553 | 163 | |||||
| ====== | ====== | |||||
| Total Resources Expended | 75,458 | 54,652 | ||||
| ====== | ====== | |||||
| 7. | NET INCOMING / (OUTGOING) RESOURCES | |||||
| 2025 | 2024 | |||||
| Net resources are stated after charging / (crediting): | £ | £ | ||||
| Depreciation of owned assets | 1,125 | 2,842 | ||||
| (Profit) Loss on sale of owned assets | - | - | ||||
| Independent Examination Costs | - | - | ||||
| ====== | ====== |
6b. Costs of generating funds
6c. Governance costs
12
DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
8. TRUSTEES DISCLOSURE
| 8. | TRUSTEES DISCLOSURE | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Trustees remuneration and benefits | - | - | |
| Trustees expenses | - | - | |
| 9. | STAFF COSTS | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Wages and salaries | 38,365 | 45,598 | |
| Social Security costs | 872 | 577 | |
| Pension costs | - | 370 | |
| ______ | ______ | ||
| 39,237 | 46,545 | ||
| ====== | ====== | ||
| The average number of employees during the year was as follows: | |||
| 2025 | 2024 | ||
| Charitable Activities | 4 | 4 | |
| Administration and Support | 2 | 2 | |
| ______ | ______ | ||
| 6 | 6 | ||
| ====== | ====== |
No employee earned in excess of £60,000
13
DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
10. FIXED ASSETS
| (a) Tangible (all unrestricted) | Freehold Land & Buildings |
Freehold Land & Buildings |
Vehicles | Gym Equipment |
Other Plant & Equipment |
Total |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| COST | ||||||
| At 1st April 2024 | 194,146 | 219,557 | 5,652 | 14,392 | 433,747 | |
| Additions during year | - | - | - | - | - | |
| Disposals during year | - | - | - | - | - | |
| Adjustment | - | - | - | - | - | |
| ______ | ______ | ______ | ______ | ______ | ||
| At 31st March 2025 | 194,146 | 219,557 | 5,652 | 14,392 | 433,747 | |
| ====== | ====== | ====== | ====== | ====== | ||
| DEPRECIATION | ||||||
| At 1st April 2024 | - | 219,557 | 5,652 | 11,551 | 236,760 | |
| Charge for the year | - | - | - | 1,125 | 1,125 | |
| Charge on disposals | - | - | - | - | - | |
| Adjustment | - | - | - | - | - | |
| ______ | ______ | ______ | ______ | ______ | ||
| At 31st March 2025 | - | 219,557 | 5,652 | 12,675 | 237,884 | |
| ====== | ====== | ====== | ====== | ====== | ||
| NET BOOK VALUE | ||||||
| At 31st March 2025 | 194,146 | - | - | 1,717 | 195,863 | |
| ====== | ====== | ====== | ====== | ====== | ||
| At 31st March 2024 | 194,146 | - | - | 2,841 | 196,987 | |
| ====== | ====== | ====== | ====== | ====== | ||
| DEBTORS | ||||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Trade Debtors | 37,974 | 33,154 | ||||
| Other Debtors | 18,223 | 15,811 | ||||
| Prepayments and accrued income | 14,665 | 2,214 | ||||
| ______ | ______ | |||||
| 70,862 | 51,179 | |||||
| ====== | ====== | |||||
| CREDITORS - amounts falling due within one year | ||||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Trade Creditors | 22,111 | 16,099 | ||||
| Social Security and Other Taxes | (634) | (2,114) | ||||
| Other Creditors | 46,574 | 33,364 | ||||
| Accruals and Deferred Income | 8,107 | 9,065 | ||||
| ______ | ______ | |||||
| 76,158 | 56,414 | |||||
| ====== | ====== |
11. DEBTORS
12. CREDITORS - amounts falling due within one year
14
DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
13. FUNDS
Unrestricted
The unrestricted funds comprise the general fund and one designated fund. The movements are shown below:-
| Balance at 1st April 2024 |
Balance at 1st April 2024 |
Incoming resources & transfers |
Resources expended & transfers |
Revaluation loss and transfers |
Balance at 31st March 2025 |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| General Fund | 17,283 | (70,732) | 75,458 | - | 22,009 | |
| Fixed Asset Values | (24,610) | - | - | - | (24,610) | |
| ______ | ______ | ______ | ______ | ______ | ||
| (7,327) | (70,732) | 75,458 | - | (2,601) | ||
| ====== | ====== | ====== | ====== | ====== | ||
| Restricted | ||||||
| Balance at 1st April 2024 |
Incoming resources |
Resources expended |
Revaluation loss and transfers |
Balance at 31st March 2025 |
||
| £ | £ | £ | £ | £ | ||
| ERDF #1 - Garage | (23,701) | - | - | - | (23,701) | |
| ERDF #2 - Garage | (53,445) | - | - | - | (53,445) | |
| DCC: bus 4 | - | - | - | - | - | |
| DCC: bus 5 | - | - | - | - | - | |
| DCC: bus 6 | - | - | - | - | - | |
| DCC: bus 7 | - | - | - | - | - | |
| DCC: bus 8 | - | - | - | - | - | |
| Department of Transport | - | - | - | - | - | |
| Awards for All - Car Park | (10,000) | - | - | - | (10,000) | |
| DCC Neighbourhood Fund - Car Park | (15,000) | - | - | - | (15,000) | |
| General Reserves committed | (25,812) | - | - | - | (25,812) | |
| Revaluation Reserve | (66,188) | - | - | - | (66,188) | |
| ______ | ______ | ______ | ______ | ______ | ||
| (194,146) | - | - | - | (194,146) | ||
| ====== | ====== | ====== | ====== | ====== |
Movements in individual funds are shown above. The purpose of each fund is as follows:
ERDF
Funding towards erection and establishing of the Community Garage facility, enabling buses to be maintained locally and to be safely stored each night.
DCC Buses
Under an agreement with Durham County Council, funds for the purchase of buses are granted in order to enable the identified services to be run. The grant may cover the full cost of the bus, or may be more or less than the purchase price. Where the grant is less than the full cost, the company transfers sufficient general reserves to restricted reserves in order that the reserves value matches that of the asset purchased. Where the grant is greater than the purchase cost, the surplus is available for use against the running costs of the bus. In such instances, the surplus funding is utilised in the first year so that the fund value matches the asset value.
Awards For All & Neighbourhood Fund
Funding towards the cost of a car park to enable the increased fleet to be safely housed.
General Reserves Committed
Where the purchse cost of an item is greater than the grant funding obtained the deficit of funding is met through a transfer from general funds.
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DENE VALLEY COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST MARCH 2025
13. FUNDS - continued
Revaluation Reserve
The Garage was subject to a professional valuation at which time a revaluation reserve was established to reflect the asset value being in excess of original cost.
14. ANALYSIS OF NET ASSETS
BY FUND
| BY FUND | |||||
|---|---|---|---|---|---|
| Unrestricted Funds | |||||
| General Fund |
Designated Funds |
Total Funds | Restricted Funds |
Total 2025 | |
| Tangible fixed assets | 1,717 | - | 1,717 | 194,146 | 195,863 |
| Current assets | 52,432 | 24,610 | 77,042 | - | 77,042 |
| Liabilities | (76,158) | - | (76,158) | - | (76,158) |
| ______ | ______ | ______ | ______ | ______ | |
| (22,009) | 24,610 | 2,601 | 194,146 | 196,747 | |
| ====== | ====== | ====== | ====== | ====== |
15. THE COMPANY
The charitable company is a company limited by guarantee and as such does not have any share capital. The liability of each member is, in the event of winding up, limited to £1.
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