REGISTERED COMPANY NUMBER: 043711331England and Wales) REGISTERED CHARITY NUMBER: 1091387 f heTru sand ited Fin ncial Stat ments the Year 31 March 2024 Peo le T Places Limited b Guar nt
Peo le To Places en of the Financial f rtheYearE 1M h202 Page Réport of the Trustees 1 to 11 Independent Examineds Report 12 ststement of Financial Actrrfittes 13 BalancA Sheet 14 to 15 Cash Flow Ststemant 16 Not88 to the Cash Flow Statement 17 Notes to Flnanclal Statements 18 to 29 D8talled Statement of Fln8nc181 A¢tlvftle8 30 to 31
leToPI ortoftheT the Year Ended 31 March 2 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charty for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with th8 Financial Reporting Standard appllcable in the UK and R8public of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTMTIES Objectives and alms The object of the charrty 18 to provid8 a community transport service for rasidents and v161tor8 to the Royal Borough of Wndsor & Maidenhead who need support wlth their mobilty. Our focus is to support people with mobilty issues In partlcular those who are lonety and are suffering social Isolatbn. Revlew of Achlevements and Actlvltles SONIC People to Places provides a lifeline of 6UPPQrt in helping those wlth barriers to thelr mobilty to get out of thelr homes. Official statistics dony exist for people in this situation, but in 2020. it was eslimated that the number of people INing in RBWM aged over 65 with a Ilmltlng long term illness was 11,683 individua18. Since then, the anxiety arising from the p8ndemic and cost-of-living crisis has only made thls feeling worse. The main assistance offered by People to Places Is enabling people to get out of their homes and engaoe with their community. The three main ways we support people are through an accessible transport 88rvlc8, a mobility equipment hire service and compassionate support for our service U8er8. Accessible Transport Scooter Hire Connecting People Compassionate Support Care and Respect Car Transport Mobility Equipment Trips & Days Out Wheelchairs Community Groups Communications Events Day Care Centre Transport Community Group Lic7ison Page 1
Peo le To Places Trustees d 31 March 2 f rth Ye OBJECTIVES AND ACTIVITIES Outcomes and achievements In 2023124 Our principal achlevements are: We have achieved a significant increase in demand for our DiaJ-a-RKle services 8UPPOrted by Incroasing our vehic18 fl8@t and Driver capacty. We supported the first Par811el Windsor event in July and worked with communlty groups In the Wraysbury area for a n&v Health Hub. Staff and volunteers at Shopmobility Maidenhead worked hard to amellorate the decline in numbers due to the lack of accesslble parklng. People to Places conlinue to look for an alternatlve base for thls 88Nlce in th8 Intarim period until a new multi storey car park is built in the town c8ntre. We had to undertake a slgnmcant prolecl to plan a relocation of our main office, having been served notice by our previous landlord. We Successfully completed that move to St Marks on 18 May 2024, and our minibuses swapped to Stubbings and Shopmobilty WSnd80r. We negotiated a signrficant increase in the service provided to South Central Ambulance SeNice (SCAS) for Non-Em8rgency Patient Transport by People to Places. Outcomes for the year inclLKIe'. rne Total passenger Journeys 22,323 {2023: 19,07n Total individual Thal-a-RideJourneys 7,748 (2023: 5,513) Total numkr of equipmant hir88 4,180 (2023,. 6,088) Shopmobilty Maidenhead hires 2.453 (3.981) Shopmobilty Imndsor hires 1 ,282 (2023: 1,307) Service Subscri lon8: Total number of seNice 8ub8¢riptions 642 (2023: 852) Steep reduction due to Shopmobilty Maidenhead and the ending of TAPS schem8 feedback fr AA Ne In 23: 18 People to Places value for money? 98.9% of respondents said yes Would you recommend People to Places? 99.1 % of re3pondents said ye8 Page 2
le To Places Re for the Year End 1 Marc OWECTIVES AND ACTIVITIES How often do you use other forms of transport? On8 third of respondents stated they go out once a month or18SS Without support from People to Pla9. How are our Sta "Generally lovety manner. Help with getting on and off." "They are all very helpfvl and consklerate." What else can we do? .1 refer to People to Places as my Life Saver.. "I dont think so. l am very happy with People to Places.. Pa n8rs and Su rters The number of partners and supporters over the year has seen a steady increase as our impact has been more wldely recognised. This includes RB WM renewing our core funding agreement for further two years and an ongoing upward trend in our work wtth SCAS, plu8: The continued Invaluable support from the Royal Borough of Windsor & Maidenhead, the Louis Baylis (Maidenhead Advertiser) Charitable Tru8t, Seiko U.K. Ltd and the Nicholson's Shopping Centre enables us to have the confidence to focus on delivering on our services. A substantial increase In our Frlends who are indFviduals who mak8 regular monthly donations Minibus sponsorship was secured from a number of local buslnesses Support was also received from: Maidenhead Branch of the Womens Institute o Cookham Dean Féte Committee o Datchel Vlllage Féte o Eton College Mr Groom, Mrs Proctor, Miss Smith The Metre Market o BNI Maldenhead Chapter o The Ethical Propety Company And many more individuals and organisations, thank youl Below are our key delivery targets and outcom88 for the y8ar: Basellne 2019120 Target for 2023124 Achievement In 2023124 Provision of passenger journeys: Individual8. Groups, TAPS and Trips 11,775 13,5(Kl 13,342 Shopmobility equipment hires: Maidenhead, Windsor and Events 6,899 4,080 4.084 Page 3
Peo Re rt ofthe Trustees forthe Year End 31 March 2024 OBJECTIVES AND ACTIVITIES We have exceeded the bas81in8 figura for passenger transport in the year. wtth a mixed picture of significant Increases in individual Dial-a-Ride journeys, balancing the ending of the TAPS programme and a dacline of group journéyg. although we havè tho o2me number of groups going out, they are simply carying fewer people. Expectations for mobility equipment hires are low and continue to decline despite the increasing interesl through Shopmobilty Windsor because of the issues in Maidenhead, We are extr8m8ly proud of our achievements for the year and the way in whlch our staff and volunteers respond to the many challenges affectlng our service users. the many challenges from circumstances beyond our Control. ? Plans for 2024125 and beyond We have id8ntrfi8d four i88S in the organisation: l. Minibuses have reached thelr limit within the axisting capacty of Drivers and vehicles. Our plans include Increasing our transport capacty through more volunteer Drlvers and more use of the voluntary car servlce. Improved planning of necessary replacements and addrtional vehicles as possible. 2. Shopmobility Maidenhead 18 dragging down both the moblllty equipment hlre figures and the number of seNice subscribers, as people are unable to 8CC8SS that service. We will continue to press RBWM and other town centre 18ndowners to provido alternative parklng facilities for Shopmobility MaSd8nh8ad. We are also planning further promotion of the Shopmobility Bervica to contribut8 towards addressing the dovmward trend In servlce u88rs. 3. The lack of peman6nt office accommodatlon and belng separated from the minibus parklng sita is a severe drag on operational efficlency. A long temi plan is In development to secure a permanent colocatlon for both our main office and minibu8e8, 4. The increasing pressure on current funding means that People to Places n68d to raise our capacity for external fundr8iging 8nd support. We are prioritlslng, identifying and securfng additional 8ource8 of fvrbding and are recruiting to support that effort. We are aw8r• that SCAS has lost the conlract for providing Patient Transport in the Thames Valley from 1 Aprfl 2025 onwards and therefore V are at risk of losing that source of income. People to Places have been in contact with the new provider, EMED, and discussions are being developed to continue our involvement into 2025126 and beyond. Page 4
Peo le To Places Re rt of the Trustees OBJECTIVES AND ACTMTIES Target figures for the year 2024125 are outlined below: Target for 2024125 Outtum for 2023124 DIaa-RIde, Groups and Trips Shopmobility Maidenhead. Windsor and Events Volunteer Driv8r Hour8 13,500 13,342 3,950 4,084 3,000 2.654 People to Places Is commltted to enabling as many people with access and mobility Issues as possible to access support across the Royal Borough of Wlndsor & Maidenhead to Ilve thelr1fv88 w6th dignity. confidence and indepandanc8. Our services allow individuals to overcome the barriers that trap them in their homes, to enable people to soclallse wlth others In new surroundings or to vlsit essentlal everyday facilltles Ilke shop8 or day care centre8. The imp8Ct of our serdices Is to reduc* loneliness and i801atlon amongst our users with consequent bengfrt8 to thelr health and well-being. During the year. the Board considered the Charity Commlssion's guidance on publlc benefrt arrtj the speclfic guidance on charlti88 charg8 f888. Th8 policies pursued by People to Plac88 comply wlth the publlc beneflt requlrement of charltl88 88 our maln $8rvlces are elther avallabl8 or affordable through Gommercial organisations. In addition, despite the Increase which wa8 implemented on 1 April 2024, the far8s charged for Ihe Diaka-Ride service are substantially below Gommercial rates to fvrther reduGe barriers to mobility and encourage access to our serviGes. Donorn, 8upportern and volunteer8 People to Places would like to slncerely thank all of Its supporters and partners who have each made vital contributions to the provision of our services supporting people with access and mobility issues. In addition, our team of 35 volunteers are an absolute indispensable part of the organisatlon and our volunteer DrNers have collectively contributed 1'A working years, worth of time, an enomious achievement. Page 5
ortoft Trustees 1M h2024 STRATEGIC REPORT Financlal review The total income for 2024 Is £759,013 (2023: £708.268) which is a good increase over the previous year. The primary reasons for this increase are the growth in SCAS funding, the growth in individual DaR joum8ys And tho additional gfft-in-kind accommodation donation from the Nicholson's Shopping Centre. However, the expenditure w8s in excess of the Income and therefore the organisation had to draw upon its reserves over the course of the year. This Is primarlly due lo expenditure on an additional 1.0 FTE DaR Driver time, excessive vehide repair costs on certain vehicles and operating more vehicles than previously. The fundlng profile for People to Places demonstrats8 the wide variety of sources of income we receive: Core fundlng from RBV4ffiA for ShoFhnobility and Diaka-Rlde seNlces Fares from individuals and community groups for Dlal-a-Rlde servlce8 slowly returned over the year. Income from contracts with RBWM for TAPS and the Boyn Grove Day Care C8ntre plus SCAS for Non-Emergency Patient Transport. Subscription fees and charges for extended scooter hlres Donations arKI spon80rship success with our minibus sponsorship programm8. Grants from lo¢al charilable trusts, gifts and donations. Support from skO UK Ltd and the Nlcholson's Shopplng Centre in terms of the provision of office accommodation. The accounts have been prepared on the golng cxjncern ba816 a8 Trustses believe the charty has the resources to continue to operate for the foreseeable future. Prfnclpal fundlng sourc08 People lo Places recognises the need to seriousty enhance its fundralslng capacty. To thls end, at the end of this financial year, advertising was placed to recruit to a new role of Partnershlp Manager to crystslise its fundraising efforts, In the followlng year. a greater emphasis will be placed on raising income from charitable ar other sourc88. Currently, the charlty ralses funds through a variety of income stream3, Wrth core funding from RBWM, contracts wlth SCAS and RBWM, fares 8nd subscription fees, grants from trusts and foundatlons. Sndlvldual givers, corporate partnerships and community groups. Fundraising policies are being developed to follow industry guidellne8 and People to P18ce8 wlll register with the Fundraising Regulator. The charty does not employ third party organisation? for Its fundraising. Investment pollcy and plan Under the Memorandum and Articles of Assoclation the charty ha8 th8 power to investments, as the Trustees see fft. make Financlal securty and accessibility are important and reserve funds of the charlty are held with challenger banks. Funds not required for immediate use may be held in interest-bearing deposits of not more than 12 months maturity. Trustees will review thls pollcy periodically to reflecl good praclice. Page 6
le To Pla Re ort of the Trustee for the Ye nd 2024 STRATEGIC REPORT Flnancial revlew Reserves pollcy It is the intention of the char4 that unr@strict8d fvnds which have not been designated for a speclfiG use should be maintained at a level equivalent to between three to six month's expenditure to cover the rlsks and uncertainties of operating as an Independent transport operator, and to be able to continue activitles in tha event of a significant drop In funding fille consideration is given to alt6rnative sources of funding. The Trustees conslder thal free reserves of at least £150,0) are necessary to cover those risks and unGertaintie8. Thelr pollGy Is therefore to build up r8S8rves out of annual operating surpluses as the organisation continues to expand; subject to the prlor demand of essentlal expendrture to equlp the charity with upto-date transport vehicles and mobility 8quipm8nt needed to maintain the 8errfice standards achieved so far. The general and designated funds repre8ent the unrestrlcted funds arlsing from past operatlng results. The general fvnd r8pr8s8nts the unrestricted fvnds, whlch the Truste8s are free to use in accordan wlth the charltable objects. The Trustees aim to retain a level of reserv8s sufficient to fund requirements for replacement vehicles and plans foi the development of the charty's activities as already outlined. Detalls of the movements in tangible flxed assets held during the year are given in the noles for the financlal statements. The assets of the charity are available and currently adequate to fvlfil its obligations wlthin the envelope of credlble revenue expectations. 8TRUCTURE. GOVERNANCE AND MANAGEMEKr ConBtitutlon and Objectlve The charity is controlled by Its govemlng document. a d88d of trust, and constitutes a limiled company, limited by guarantee, as defined by the Companies Act 2006. Charlty constltutlon Peopl8 to Places is an independent registered charity (number 1091387) and a company limited by guarantee (reglstered company number 04371133). It first registered as a charity on 12 October 1988, r8-registering on 22 March 2002 and the company was incorporated on 11 February 2002. The object of the charity 18 to provlde a communlty transport service for residents and vlsitors to the Royal Borough of Windsor & Maidenhead who need support with their mobllity. Our focus is to support people with mobility Issuas in particular th088 who are lonely and are suffering soclal isolation. Page 7
Peo le To Places Re ort of the Trust r the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND mANAGEmEr Board Appolntments. Inductlon and Tralnlng of Trustees and Related Partles The Board of Trustees (BOT) is the governing body for the organisation. Trustees are appointed and serve for up to three years with the potantial to stand for r88laction, with a maximum total tenn of 9 years or until death, retirement or a resolution is passed by the Board for their removal, if earlier. If the maximum number of renewals has been reached, then a Trustee may contlnue If two thirds of Trustees agree it is in the best interests of the charity. At the Annual General Meetln98, one third of Trustees must retire but may stand for reelectlon rf wlthin the maximum term. None of the Trustees hav8 any beneficial Interest In the company. All the Trustees are members of the company and guarantee to contribule £1 in the event of wlndlng up the organl8811on. The BOT is made up of all the Trustees and meets a mlnlmum of four tlmes a year. It govems the charrty and is supported by thr88 Committ88s. Given the changing pressures on People to Places. they are subject to constant review. The remit and names for these committees are currently the following: Business Dev81opm8nt Committ88 Finance & Risk Committee People & Operations Committ88 Each committ88 is made up of Trustees and stsff, These committees spread the burden of work over several people, maklng People to Places more reslllent and less dependent on any one indivKlual, Governanco Structure The d8y-tO-day OFerations, strategic managemènt and 6vents are m8nag8d by Chief Executive Officer wlth the support of th8 Trustees and 8 General Manager. The senior managers have previou8 management experience and are suttably qualified. By the end of the year th8 charty employed 24 permanent members of staff with 20 of these directly invofved in the provision of mobilty support. Govemance is overseen by the Board of Trustees who recefrve regular brlefings from Ihe management and limely financial reports. Page 8
Peo l ToPla Re ort of the Trustees ear Ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Rlsk management During the year being reported upon. the Board has ensured that policies and rlsk management processes are in place to cover the management of the organlsation, Including Health & Safety, Safeguarding of vulnerable adults & children and Finances. Board meetings have 8 Standing item to consider strateglc risks including any new Issues as they arlse. They are satisfied that systems are in place to mitigate exposure to the major risks. As such, managing risk is integral in the planning, financlal and operational management cycles of People to Place5, In accordance wlth the Charrty Commission guidance CC26 Charities and Risk Managemant. Specifically, Strategic risks are considered und8r the following headlngs.. Governance Rl8k8 Op8r8tional Risks Financial Risks (regularly considered by th8 Finance Commlttee) Environmental or Extemal Ri8k8 Compliance (with law arKI regulatlon) Rl8k8 Catastrophic Events Risks Major risks have been identified and mitigation8 are being developed to minimise risks for the long term future of People to Places. The Board belleves that by monitoring risks and in followlng guldance from the Communlty Transport Association, the National Federatlon of Shopmobllty, SAFECIG and the Information Comrnissloners Office, effective systems are established and Implemented to mitigate any risk8. Page 9
r the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DEfAIL8 RegS8t8red Com pany nurnr 04371133 (England and Wales) Regi$tered Charity numbar 1091387 Reglstered offke Ground Floor Arena Court Crown Lane Maidenhead Berkshi SL6 8QZ Trustees Jane Basley, Chalr Halen Berg, Deputy Chalr (appolnted Treasurer 04 Dec8mb8r 2023) Scott MacRae. Safeguarding Bruce Adams (resigned as Treagur8r on 04 December 2023) Giles Ballard Gill Godbold Adrlan Gr88nsmlth Lisa Hughe8 Adam Webb (Reslgned 19 Aprtl 2023) Chlef Executlve Offlcer Peter H81ey Independent Examlner Donald Reid Limited Prlnce Albert House 18&20 King Street maenhead Berkshlre SL61EF Page 10
Pe Re ort of the Trustees forthe Year Ended 31 M rch 2024 REFERENCE AND ADMINISTRATIVE DETAILS Bankern National Westminster Bank PIC 68 High Street Ma#Jenhead SL6 1QA Aldermore Bank plc 1st Floor, Block B, Westem House Lynch Wood Petert)orough PE2 6FZ Cambridge & Counties Bank Charnwood Court 58 Newwalk Leicester LE16TE Redwood Bank Surte 101, The Nexus Building Broadway Letchworth Garden Cty SG8 3TA Teachers Bullding Society Allenview Hou8e Hanham Road mborne Dorset BH211AG Report of the trustees, incorporatin as th8 company dir8Ctors, on . strategic report, approved by order of the board of trustees, ..2QW......and signed on Ihe board's behaff by,. J Basley - Trustee Page11
Inde Peo ndent Examiner's R ort tothe Tr le To Places st Independent examinees unquallfied report to the trustees of People To Places (Yhe Company.) I report to the charity trustses on my examination of the accounts of the Company for the year ended 31 March 2024. Respons5bllities and basls of rèport As the charty's trustees of the Company {and also its directors for the purposes of company law) you arè responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (Ihe 2006 Act,). Having satlsfied myself that th8 accounts of th8 Comp8ny 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 exarninatlon of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Acf). In carrying out my examinatlon I have followed the Directions given by the Charity Comrnission under Section 145(5) (b) of the 2011 Act. Independent examlner's statement Since your charity's gross income 8xceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examlnatlon because l am a member of the Institute of Chartered Accountants In England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matter8 have come to my attentlon In connectlon wtth the gxamlnatlon glving me cause to belleve: accounting records were not kept In respect of the Company as required by Section 386 of the 2008 Acl; or the accounts do not accord with those record8: or 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 whlch 18 not a matter considered as part of an independent examination; or Ihe accounts have not been prepared In accordance wlth the methods and prlnclples of the Stalement of Recommended Practice for accountlng and reportlng by charlties (applicable to charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concern6 and have come across no other matters In connectlon wtth the examination to which attention should be drawn In this report In order to en8bl8 a proper understanding of the accounts to b8 reached. Daniel Reid FCA The Institute of Chartered Accountants in England and WaS Donald Reld Lirnited Prince Albert House 18a-20 King street h*laidenhead Berkshire SL61EF Page 12
Slatement f Finan ie Inco rati an Income and E re Accoun 31.3.24 Total funds 31.3.23 Total fvnds Unstricted Restricted Designated fvnd fvnds fvnd Note3 INCQMEAND ENDOWMENTS FROM Donations and legacies 40,152 117,062 157,214 232,435 Charltable actlvltles Subscription fees Accounts fares- publlc agencies DiaPa-fKle 9,724 9,724 7,757 500,122 80,556 500,122 80,556 407,269 55,100 Other trading acb'viti86 Investment income Other Incom8 92 8,305 3,000 8,305 3,000 4,642 970 Total 641,951 117,062 759,013 708,288 EXPENDITURE ON Raising fund8 1,849 1,849 1,768 Charftable actlvltl•• Dlrect costs 624,206 31,814 655,820 543,229 Other 57.715 87,868 14S,583 103,859 Totsl 683.770 119,482 803,252 648,656 NEr INCOMEI(EXPENDITURE) Transfers between funds 17 (41.819) 1.702 {2.420) (44,239) 59,612 (1,702) Not movement In funds (40,117) (2,420) (1,702) (44,239) 59,612 RECONCIUATION OF FUNDS Totsl fvnds t)rought forward 491,428 8,918 1,702 502,048 442,438 TOTAL FUNDS CARRIED FORWARD 451,311 6,498 457,809 502,048 The notes form part of th8$8 financial statements Pagè 13
1 March 2024 31.3.24 Total fvnds 31.3.23 Total furKI8 Unrestrlcted Restricted Desunatsd fund fvnds fvr Notes FIXED ASSETS Tangible assets 13 193.647 193,647 217,482 CURRENT ASSErs Debtors Cash at bank and In hand 14 56,154 281.390 56,154 287,888 101,570 290,568 6,498 337,544 6,498 344,042 392.138 CREDITORS Amounts falling duewthin one year 15 (44.880) {44,880) (72.572) NET CURRENT ASSETS 292,664 6,498 299,162 319,56e TOTAL A8SEfs LESS CURRENT UABILITIE8 486,311 6,498 492,809 537,048 PROVISIONS FOR LIABILITIES 16 (35,000) (35,000) (35,000) NEf ASSErs 451,311 6,498 457,809 502,048 FUNDS Unrestrict&l funds Restricted funds DeghJn8téd funds 17 451.311 6,498 491.428 8.918 1,702 TOTAL FUNDS 457,809 502,048 The charFlable company is entitled to exemption from audlt under Sectlon 477 of th8 Companies Act 2006 for the year endgJ 31 March 2024. The members have not required the company lo obtain an audit of its financial statements for the year ended 31 March 2024 in accordan with Section 476 of the Companie3 Act 2006. The trustees ad(nowledge their responsibilities fof (8) 8nsuring that the charitabl8 company keeps accounllng record8 that comply with Sectlons 386 and 387 of the Companies Act 2006 and (b) KKep8ring fin8ncial statements which give a true and fair view of the state of affairs of the charitable oompany as at the end of each financial year and of its surplus or deficit for each financial year In accordance with the requlrements of Sections 394 and 395 and which othenmse comply with the requirements of the Companies Act 2006 relab'ng to financial statements, so far as applicable to the charltable company. The notes form part of these financial statements Page 14 continued...
Peo leTo Places Balance Sheet- continued 31 March 2 The financial statements were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by: J Basley- Trust88 The notes form part of these financial statements Page 15
Cash Flow Statement forthe Year End d 24 31,3.24 31.3.23 Notes Cash flows from operatlng actlvltles Cgsh gonarat8d from oparations 1,465 74.585 Net cash provided by operatiThJ actlvftles 1,465 74,585 Cash flow3 from Investlng actlvltles Purchase of tangible fixed assets Sal8 of tangible fixed assets Interest received (15,950) 3,5(bJ 8,305 (102,650) 2.300 4,842 Net C88h used In Investing activities (4,145) (95.708) Change In cash and cash equlvalents In tho reportlng perlod Cash and cash equlvalents atthe beglnnlng of the reportlng perlod (2,680) (21,123) 290,568 311,691 Cash and cash equlvalents attho end of the r8POrtlng perlod 287,888 290,568 The notes form part of these financial ststements Page 16
Peo leT laS Notes lo the Cash Flow Statement for the Y8ar End RECONCILIATION OF NET (EXPENDITURE>IINCOMETO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net (expendlture)Ilncome for the reportlng perlod (as per the Statement of Flnancial Activities) Adjustments for: Depreciation charges Profit on disposal of fixed assets Interest reIVed Decreasel(increase) in debtors Decrease in creditors (44,239) 59,812 39,285 (3,LXX)) (8,305) 45,416 (27,692) 42.737 (970) (4,642) (6,167) (15,985) Net cash provldod by op•ratlon8 1,465 74,585 ANALYSIS OFCHANGES IN NET FUNDS At 1.4.23 Cashkn At 31.3.24 Net cash C88h at bank and in hand 2,568 (2,680> 287,888 29J.568 (2,680) 287,888 Totsl 290,588 (2,880) 287,888 The notes fonn part of these financial statements Page17
Notes to the Fin ncial Statements forthe Year Ended 31 M fch 2024 AccouKfiNG POLICIES Ba818 of preparlng the flnanclal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accountlng 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 Republlc of Ireland (FRS 102) (effective 1 January 2019>,, Flnanclal Roporting Standard 102 'Th8 Financial Raporting Standard applicabl8 in the UK and Republic of Ireland, and the Companies Act 2006. The flnanGial statements have been prepared under the historical cost convention. People to Places meets the definition of a public benefrt entrty under FRS 102. Critical aeeountlng judgements and key sources of e8tlmatlon uneertalnty Estimates and judgments are continually evaluated and are based on historical experien and other factors, including expectations of future events that are belleved to be reasonable under the circumstsnces. rltlcal unti The company makes 8Stlmat8s and assumptK)ns concerning the future. The resultlng accounting estimates and assumptions will, by definition, seldom equal the relaled actual results. The 8Stimate8 and assumptions that have a significant risk of causing a materlal adjustment to th8 carying amounts of assets and liabilitbes withln the next financial year are discussed below. reciation Tangible fixed 8888ts are deprecialed over their usefijl economlc 1Sves. The actual lives of the assets are assessed annually and may vary depending on a range of factors. During the year, the iruste88 assessed the net l)ook value of assets and agreed to change the rate at which motor vahidès were written down from 12.5010 10 100/0, With a resldual value of £1,000 up from £500. The carrying value of motor vehlcles has increased by £8,100 when compared to using the prevlous 88tlm8t8d u88ful Irfe. Income For legacies. entitlement 18 taken as the earlier of the date on whlch either. th8 company aware that probate ha5 been granted, the estat8 has been finalised and notification has been made by the executor(s) to Trust that a distribution will be made, or when a dlstribution Is received from the ostate. Receipt of a legacy, in whole or in part. is only considered probable when the amount can be measured rellably and the company has been notffied of the executor's intention to make a dlstrlbution. Vthere legacies hav8 been notified lo the company, or the company is aware of the granting of probate, and the crileria for inGome recognition have not been met, then the legacy Is trealed as a cx)ntlngent asset and disclosed rf material. Page 18 continued...
Peo To Places Notes to the Financial Statements- continued for th8 Year Ended 31 M h 2 24 ACCOUNTING POUCIES - contlnued Income Donated services or facilities are recognised when the company has control over th8 item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefft can be measured reliably. In accordance wtth the Charities SORP {FRS 102), the general volunteer tim8 of the Fri8nds is not r8cogni88d and r8f8r to the Tru8tee8' report for more information about their contributn. On receipt, donated professional services and donated facilities are rocognised on the basls of the valu6 of the gfft to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefrt on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income from donations and special efforts is recorded on a receipts basls. All other Income is recorded on an accruals basis. Legacies and slmilar Incomlng resources are included In the year In whlch they are receivabl8, whlch Is whan the charty becomes entltjed to the resources. ere sp8cific condrtion8 imposed by the donor woukl restrict the u86 of unspent funds the income is taken directly to the r8Ievant restrlcted fund. Grants receivable and local authorty grants are credited to the siatement of Flnanclal Activities in the year to thich the Chanty becomes entitled. Expendlture Costs of generating funds are costs incurred in attracting voluntary Income, and those incurred in trading a¢tivitie$ that rar&e funds. Charitable activities and Governance costs are costs incurred on the companVs operations, including support costs and costs relating to the governance of the company apportioned to charilable activities. C08ts of generating funds relate lo expenditure incurred on fundraislng activitie8 undertaken and publicising the charity and are recognised on an accruals basis. Expenditure relating to charitable activits8 18 expenditure incurred for the provislon of a community transport service for such of its inhabitants of the Royal Borough of Windsor & Maidenhead and its environs who are In need of such a 8eNice due to age, sickness or disability (mental Of physical), poverty or because of a lack of availability of adequate and safe passenger service. This includes relevant administration costs involved with such activities. All such expenditure is recognised on an accruals basis. Governance costs r8pr8s8nt such prof8ssional costs involved in the overall gov8manc8 and administration of the charity that cannot be reasonably allocated to other Go8t headings, and includes external accountancy fees. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated usaful lifa. Shopmobilty assets: 250/0 on cost Flxture8 and Flttlngs: 25 % on cost Minibuses: 10% on cost (residual value £1,DJO) Page 19 conts'nued..
Peo le To Places Notes to the Financial Statements- continued r th Year Ended 31 March 2024 ACCOUNTING POLICIES - contlnuod Tanglble flxed a88ets Assets with a cost less than £1 ,000 are included in the profrt an loss account on purchase. A review for impairment of a fixed asset is carried out kf events or thanges in circumstances indicate that the carrying value of any fixed asset may not b8 recoverable. Shortfalls befvrfeen the carrying value of fixed assets and their recoverable amounts are recognised as Impainnents. Impalrment losses a recognlsed In the Ststement of flnanclal actlvltles incorporating income and expenditure account. Taxatlon The charty Is exempt from corpor81ion tax on its charitable activities. Fund accountlng General funds are unrestrlcted funds whlch are avallable for use at the discretion of the Trustees in furthérance of the g8ner81 obJectlve3 of the company 8fKI whlch have not been deslgnated for other purposes. Dasignated funds comprise unrestricted funds thal have been set aside by the Trustee8 for particular purposes. Restrlcte(J funds are funds whlch are to be used in accordance wlth specific restrictions imposed by donors or which have been raised by the company for partlcular purposes. The costs of raising and administering such funds are charged against the specrfic fund. The aim and use of each restrlcted fund18 Set out In the notes to the financial statements. The restricted funds comprise of main elements, the maln one belng the combined Gift-in-KindlVolunteer Time contributed by our partners over the course of the year. Thls Is higher this year due to the Nicholson's Shopping C8ntre kindly hosting our Shopmobi16ty service followlng the closure of the Broadway Car Park on New Years Eve, The second element Is a grant from the ESFA towards a Specif training programme to encourage volunt88rlng amongst people with who are economically inactlve In Easl Berkshire. Previously, and in accordance with the Charities SORP (FRS 102), the general volunteer tlme of our Supporters has not been recognised. However, given the detailed informalion on our volunteer Drivers contributions and the equality of thelr role with paid Drivers. It 18 felt that their contribution meets the requirements of the SORP and therefore can be included in the financial statements for the first time. R8f8r to Note 11 to th8 financl81 report for more information. Hlre purchats and leaslng commltm•nts Rentals paid under operating leases are charged to the Statement of Flnandal ActIvleS on a Straht line basis over the period of the lease. Penslon costs and other po8t-rollrem8nt beneflts The Gharrtable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activit8 in the period to which they relate. Page 20 continued...
Notes to the Financial Statements- for the Year Ended 31 March 2024 ntinued AccouKfiNG POUCIES- continued Interest recalvable Intsrest on funds held on deposlt is Included ffien recelvable and the amount can be measured reliabty by the company. this is normally upon notffication of the intsre8t paid or payable by the Bank. Debtor3 Trade and other debtor8 are recognised at the setttement amount after any trade discount offered. Prepayments are valued at the amounl prepaid net of any trade discounts due, Cash at Bank and In hand Cash at bank and in har includes cash and short term highly liquid Investments with a short maturity of three months or less from the date of acquisition or opening of the deposlt or similar account. Llabllltles and provlslons Llabilities are recognised when there is an obligation at the Balance sheet date as a result of past event, It Is probable that a transfer of economic benefil will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has recelved as advanced payments for the goods or services it must provide, Provisions a measured at the best estlmate of the amounts requlred to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the Ilablllty. The unwinding of the dlscount Is recognised within Interest payable and slmilar charges. Flnanclal Instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financlal Instruments. Baslc flnanclal Instruments ar8 Initlally recognis8d at transactlon value and gubsequently me88ured at their settlement V81ue with the exception of bank108ns whlch are subsequentty measured at amortised cost using the effective interest method. Page 21 continued...
Peo e To Places Notes to the Financial Ststements- continue for the Year Ended 31 March 2024 tX)NATIONS AND LEGACIES 31.3.24 31.3.23 Donations Legacies Grants Donated servlcas and facilibes 23,557 550 16,045 117,062 19,156 75,536 53,745 83,998 157,214 232,435 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Fundraising events 95 INVESTMEKf INCOME 31.3.24 31.3.23 Deposit account Interest 8,305 4,642 INCOME FROM CHARITABLE ACTivrriES 31.3.24 31.3.23 Subscription Income Account far88- public agencies DiaWRide 9,724 7.757 500,122 80,556 407,269 55,100 590,402 470,126 Page 22 contlnued...
To Pla Notes to the Financial Statements- continued 24 RAISING FUND8 Ralslng donatlon8 and legacl 31.3.24 31.3.23 Fundraisir¥J costs 1,849 1.768 CHARITA8LE ACTivrriES COSTS Direct Direct Costs 655,820 SUPPORT COSTS Govemanc8 Totsls Other resources expended 93,819 51,764 145,583 NET INCOMEI(EXPENDITURE) Net incomel(expendtture) is ststed after charglnW(credlting): 31.3.24 31.3.23 Independent examlnerfs fee Depreciation - owned assets Other operating188ses Surplus on disposal of fixed 838ets 1.400 39,285 85.468 {3,000> 1,850 42,737 59,867 (970) 10. TRUSTEES. REMUNERATION AND BENEFrr8 There wore no trustees, remuneration or other benefit8 for the year ended 31 March 2024 nor for tho y•gr •nd•d 31 Klgrch 2023. Trustses. expenses There were no trustees, expenses paid for the year erKled 31 March 2024 nor for the year ended 31 March 2023. Page 23 continued...
Noles to the Financial Statements - continued arch 11. STAFF COSTS 31.3.24 31.3.23 Wages and salari88 Social security costs Other pension costs 446,548 24,295 8,009 365,823 19,177 6,838 478,852 391.838 The average monthty number of employees durlng the year was as follows: 31,3.24 24 31.3,23 20 Driv8rs. support and office 8taff No employ888 raceivad emoluments in excess of £80.000, Included in staff costs is an amount of £29,194 (2023: £26,850) relatlng to the hours donated by volunteer drivers. This amount is shown In the restricted funds and Ihe same amount is included in donated goods and services. The volunteer drivers hours are r8cord8d in the same manner as paid drivers. The rate used to calculate the value of those hours is the drivers pay rate, and rAn, therefore, be m888ured reliably for accounting purp08e8, 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVrnE8 Unrestricted Restricted Designated fvnd funds fund Total funds INCOME AND ENDOWMENf8 FROM Donats'ons and18gacies 132.513 99,922 232,435 Charitable actlvltles Subs(xlptlon fees Accounts fare8 - public agenci88 tlaka-rwje 7,757 407,269 55,100 7,757 407,269 55,100 Other trading actfvldes Investment Incom8 Other income 95 4,642 970 4,642 970 Total 608,346 99,922 708,268 EXPENDITURE ON Raising funds 1,487 281 1,768 Charltablo actfvitles Direcl cosls 502.367 40,862 543,229 46.212 57,447 103,659 Totsl 550.066 98,5 648,656 Page 24 continued...
Peo le To Places Note he Financi ements- continued for the Year Ended 31 March 2024 11 COMPARATIVES FOR THE STATEMEMf OF FINANCIAL ACTivrriES - contlnuad Unrestricted Restricted Designated fvnd funds fvnd Totsl funds NET INCOME Trangfern betwaan funds 58,280 12,689 1.332 (12,689) 59,612 Net movement in funds 70,969 (11,35n 59,612 RECONCILIATION OF FUND8 Total funds brought forward 420,459 20,275 1,702 442,436 TOTAL FUNDS CARRIED FORWARD 491.428 8.918 1,702 502,048 13. TANGIBLE FIXED A8SEf8 Shopmobilty assets Motor vehicles Totals COST At 1 April 2023 Additi'ons Disposa18 457,745 15,950 (16,500) 534,830 15,950 (16.500) At 31 March 2024 77,085 457,195 534.280 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 58,630 258,718 33,279 (16,000) 317.348 39,285 {16,000) At 31 March 2024 84,636 275,997 340,633 NEf BOOK VALUE At 31 March 2024 12,449 181,198 193,847 At 31 March 2023 18,455 199,027 217,482 Page 25 continued...
Peo le To Places Notes to the Financial Stste en for the Year Ended 31 March 2024 in 1& DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments and accrued Income 43,935 12.219 78,968 22,602 56,154 101,570 16. CREDITORS: AMouKfs FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social securty and other taxes Pension payable VAT Other creditors Accnjals and deferred Income 11,192 7,379 1,577 17,980 10,006 6,055 1,275 14,957 6,765 40,272 44,880 72,572 16. PROVISIONS FOR LIABIUTIES 31,3.24 31.3.23 Dilapidats"ons provision 35,000 35,000 17. MOVEMENT IN FUNDS Transfer8 movemant beknn in funds funds At 1.4.23 31.3.24 Unrestrlcted fund5 General fund 491,428 (41,819) 1,702 451.311 Restrlcted fund8 Re8trtctsd fund 8,918 (2,420) 6,498 Daslgnated fund• Desonaled 1,702 (1,702> TOTALFUNDS 502,048 (44,239) 457,809 Page 26 eontinu8d...
le To Places otes tothe Financial Statements- continued f r the Year Ended 31 March 2024 17. MOVEMENT IN FUNDS- contlnued Net movement in funds. included in the above a as follows.. Incoming Resources Movement resources expended in funds Unrestrlcted fund8 General fund 641,951 (683.T70) (41,819) RestriGted funds Restricted fund 117,062 (119,482) (2,420) TOTAL FUNDS 759,013 (803,252) (44.239) C¢)mparatlves for rnov•ment In fund8 Transfèrs movemenl b8lThn in funds funds At 31.3,23 At 1.4.22 Unre8trfcted funds General fund 420,459 58.280 12.689 491.428 Ro8trlctad funds Restricted fund 20,275 1,332 (12,689) 8,918 Deslgnatsd funds Designated 1,702 1,702 442,436 59.612 502,048 Comparative nel Movent In fijnds, included in the above are as follows: Incoming Resource8 Movement resource8 exp8nd8d in funds Unrn8trlcted funds General fund 608,346 {550,066) 58,280 Restrlcted funds Restncted fvnd 99,922 (98,590) 1,332 TOTAL FUNDS 708,268 (648,656) 59.612 Page 27 continued...
Peo le To Places Notesto the Financial S ements- contlnue for the Year Ended 31 March 2024 17. MOVEMENT IN FUNDS-contlnued A current year 12 months and prior year 12 months combined position is as follows: Net movement In funds Transfers beknn funds At 31.3.24 At 1.4.22 Unre8trlcted funth General fund 420,459 16,461 14,391 451,311 R8Strlcted funds Restricted fvnd 20,275 (1.088) (12,689) 6,498 Deslgnated lund8 De5bgnated 1,702 (1,702) TOTALFUND8 442,436 15,373 457,809 A current year 12 months and prior year 12 months comblned net rnovement in fund8, inGluded in the above are as follow8: Incoming Resources Movement resources expended In funds Unrestrf¢tsd fund• General fund 1,250,297 (1,233,836) 16,461 Restrlcted fund8 Restrlcted fuTh 218,984 {218,072) (1,088) TOTALFUNDS 1,467,281 (1,451,908) 15.373 The Trustees have revlewed the ternis of restricted funding recelved In the perfod for the purchase of vehicles and have determined that the restriction on the funds ceased at the point that the funds were used to purchase the vehides., thus the related funds have been tr9nsfeThed from restricted to unr8strlct8d tunds during thè p8riod. Page 28 continued...
Notes to the Financi for the Y arEn tatements - con in 18. EMPLOYEE BENEFIT OBLIGATIONS The company operates a defined conlributions Fension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,009 (2023.. £6,838). The expense is allocated to cost of actlvitles and is unrestricted expenditur8. 19. RELATED PARTY DISCLOSURES The were no related party transactions the year ended 31 March 2024 or 31 March 2023. Page 29