Travol Community Transport
(Limited by Guarantee)
Annual Report and Financial Statements
for the year ended 31 March 2024
Companies House Registered Number: 04573868
Registered Charity Number: 1096235

Travol Community Transport
ILimitrd by Guarantee)
Annual Report and Financial Statements for the year ended 31 March 2024
Contents
Pages
Trus￿eS. advisers and prin¢ipal grants received
Trustees, Report
Auditors. Report
8-10
Staiement of Financial Activities
li
Balance Sheet
12
Cash Flow sL￿eMent
13
Note5 to the Financial Statements
14-22

Travol Community Transport
(Limited by Guaranfrel
Trustees, advisers and principal grants received
Registered Charity No 1096235
Trustees {who act as Directors for the purposes of eompany law>
The Trustees during the year. together with ¢hang&% to the date of approval of the financial
Statements were:_
M. D. Coundley {Chairnian)
C. Paull (Treasurer)
R. Davies
Website
https:/ltravol.co.ukl
Principal & Registered O￿lCe
Unit 8 Maritime Offices
Woodland Terrace
Maesycoed
CF37 IDZ
Independent Auditors
R.H. J¢ffs & Rowe
Chartered Accounlanls
27128 Gelliwasted Road
Poniypridd
CF37 ?BW
Principal Bankers
Lloyds Bank plc
Market Sireet
Ponlypridd
Rhondda Cynon Taf
CF37 2TF
Solicitors
Spicketts Solicitors
Gelliwastad House
34 Gelliwasthd Road
Pontypridd
CF37 2AU
Principal grants received
Welsh Governmeni
Rhondda Cynon Taf County Borough Council
SEWTA
Page I

Travol Community Transport
ILimk(ed by Guarantee)
Trustees, report
for the year ended 31 March 2024
Trustees, report
The Trustees, (a5 listed on previous paoe) pre5eni their report along with the audiied fmancial statement of Travol
Community Transport I'the Charity") for the year ended 31 March 2024.
The financial statements have been prepared on the basis of the accounting policies Set out on pages 14 to 22 as
part of the notes lo the financial siatements and comply with the Charity's trust deed and applicable law. The
financial statements have been prepared in accordance with the Statement of Recon]mended Practice Accountino
and Reporting by Charities 2019 (SORP 2019), Finanial Reporting Standard applicable in the United Kingdom
and the Republic of Ireland (FRS 102). the Companies Act ?006 and the Charities Act ?01 I, using consistently
applied accounting policies.
Incorporation and tratLsfer of net a&sets
Travol Community Transport was Incory￿rnted on ?5 October ?00? and commenced trading on l April ?003. In
March 2003. the Trustees of a Regislered Charity. the Volunteers Support Group (Charity Commission Number
702530) agreed lo Iransfer the net asseis of ihat Charity to the Directors of Travol Community Transport to hold
in trust and to CODtinue the work of the Volunteers. Supwrt Group as an incorporated entity.
Charitable objectives
The main activities of the Charity and who we help are described below. All our charitable activities focus on the
provision of a community (ransport service and are undertaken to further our charitable purposes for publi
benefit.
The principal objective of the Charily is to provide a community transport service for the inhabitants of Rhondda
Cynon Taf and its neighbourh(K)d, who are in need of such a service because of age, sickness or disability (menial
or physical) or poverty, or because of the lack of availability of adequate or safe public passenger services. Our
aim is to provide equal opportunity LO ail of our clients thTough enabling equal access lo employment, health.
education. leisure and social activities.
Although the pritnary objective of the Charity remains unchanged. the lack of grant funding from historic sources
has caused the Charily to increasingly rely on income dervied from coniracted services to Rhondda Cynon Taf
County Borough Council (RcfcBC). As the majority of contracted journeys relate to Thome LQ School transport,
for disabled children. this has litnited service availability for other clients during peak school run hours.
During the year ended 31 March 2024 the total number of client journeys undertaken decreased by 8.1¢% (2023;
2.7% incttase} in comparison to the previous Ye￿ (2024- 29.902.. 2023 32,522). Reduced availability of vehicles,
following cathstrophic engine failures on two of the Charitys older vehicles. neces51taled that we ternlinate certain
contracts with Rhondda Cynon Taf County Borough Council and this fully accounts for the reduction in the
passenger numbers.
The Charity is a mevnber of the Communily Transport Ass(Kiation (Registered Charity number 1002222). Thi5 IS
an umbrella organisation which provides general 5UPPOrt and advice to its members.
Page 2

Travol Community Transport
ILimAted by Guarantee)
Truste￿, report
ror the year ended 31 March 2024
Constitution
Travol Con]munily Transport is a company limited by guarantee 2nd. a¢¢ordingly, the governing document is the
Company's Memorandum and Article5 of Association. The liabiliiy of each Trustee. in the event that they are
called upon to contribute. is limited to £ l.
Organisational structure and appointment of directors
The Charity is administered by a Management Committee, which 15 composed of the Directors of the Company.
The ManageTnenl Committee has the power to admii to membership any individual or entity which supports the
charitable objeciives.
New Management Committee members are elected individually at the Annual General meeting from individual
tnember5 of the Company or from persons nominated by oroanisations which are members. The Management
Committee rnay also co-opt up to two other persons. whether or not rnetnbers of the Company. to serve as
Comtnittee Members.
Trustee Directors induction and training
Newly appointsd Trusiees undergo an induction and familiarisation day to brief thetn on their legal obligations
under charity and comnpany law. the content of the Memorandum and Articles of Association, the committee
structure and decision tnakints processes. During the induction day, Trustees are introduced to key personnel and
are provided with brief detalls of each employee s duties. Trustees are encouraoed to actend appropriate external
trainino sesstons.
Public benefit
The Trustees Conf￿ that they have compLied wilh the duty in the Charities Aci 201 I to have due regard to public
benefit guidance published by Ihe Charity Comtnission. The significant activities undertaken lo carry out the
Charity's aims for the public benefit and our achievements me&sured against those aims are provided on page 2.
Investment powers and policy
Under the tenns of the Memorandum and Articles of Association, the Trustees have general powers of investmenL
subjecl to the provisions of the general law.
Page 3

Travol Community Transport
{Limi(ed by Guaranie¢}
Trnstees, report
for the year ended 31 March 2024
Financial results and future activities
RCTCBC I SEwfA provides grant funding to enable the Charity to operate the service and the Charity is also
entitled to receive a capped fare for those clients using their Concessionary Fare5 bus pass. The mileage related
income for the year decreased by 7.?go to £206.173 (?0?3.. £22?.08?) which 15 primariEy due to contract5 with
Rhondda Cynon Taf Counry Borough Council having to be handed back as a consequence of shortages in the
number of vehkcles in use and the reduced availability of volunteer passenger assistants.
The Financial results for the year show net outgoing resources on restricted funds of £36,491 (2023.. £84,247).
This represents the difference between the capital grants received to pu￿h￿se new vehicles and the depreciation
charge on these and oiher oranl-sponsored vehicles pUrch1￿ed in prior years. In oeneral. where the Charlty has
received a reslricled granl, the grnnt only pan funds the total project cost, leaving the Charity to fund the balance
of expenditure from unresiricted funds.
During the year the general fund generated a surplus of £3,462 (2023: £5,953). which reSul￿d in the Charity
having "free" unrestricted funds of £323,049 at 31 March 2024 (2023.. £319,5871. The Trustees have not made
any fonnal designations for these tunds. alrhough the requirement io replace vehicles is always taken into account
in aiiy decision to commit the Charily to tnajor expenditure.
During the 2013114 financial year discussions took place with the Corporate Transport unil of Rhondda Cynon
Taf CBC (RCTCBC), wherein the Charity wa5 encouraged to operate a Concessionary Fares service under
Section 22 of the Tran5POrt Act. to enable persons resident within the area to have continued access lo hospitals,
shops and other services. The service is 'lree of charge, to clients who posse$8 a Concessionary Fares Pass
(persons with a Blue Badire or are aged over 60 are eligible to apply) but is also available to other full tare paying
passengers. The RcfcBC/SEWTA .tsrants have not, historically. covered the full cost of operating this service.
necessitating that the Charity use some of its, free reserves. However, as demand for the service fell dramatically
durino ihe Covtd-19 pandemic the Welsh Government has conÈinued to provide the Charsty with additional
financial support to offsei the loss of fare income. Ehereby enabling the Chan'ty to continue operating this service
as usual for residents still requiring Ihe service.
Page 4

Travol Community Transport
(Limitrd by Guaran￿)
Tr￿Stee5, report
for the year ended 31 March 2024
In May 2021 the Chartty received (via the Communiiy Transport Association} a Welsh Government grant of
£130,046 to purchase two electricallv powered vehicles and to install on-site E.V. chargin- facilities. In April
2021 orders were placed for the equipment and the E.V. char(wers were installed in June 2021. However, global
supply problems for certain componeni parts required in the manufacture of the vehicles caused a series of delays
in delivery of the converted vehicles ordered. The 7 seat VauKhall Vivaro eventually arrived in March ?0?? and
the 14 seat Flat Ducato w&s delivered in April 2022. Whilst Ihese vehicles have proved to be reliable and popular
with clients and our drivers, their operational range before needing a recharge is lower than is required to permit
the vehicles to be used for a full day thereby enabling the vehicles to be just rechartred overnioh(. The lack of local
E.V. rechargints infraslrncture lo faciliiate recharging whist the vehicle5 are waiting at schools or route Lerniinus
points necessilates thar the vehicles have to return io base at least once during the day for a 'top up, recharge.
Notwithstanding these range issues, the Ch￿1[Y remains committed to making all efforts to replace all its diesel
poWe￿d vehicles with E.V.'s by the end of the decade. Improvements in bat*ry technology over the past year
have given the Director's hope that E.V.'s purchased in the fuNre will have a grea￿r operational range and rapid
recharge capability. The Charity will continue to work wilh closely our Locat Authority to explor¢ ways to
improve publicly available E.V. rechllrtsing facilities.
Volunteer drivers and escorts
In addition to the drivers and passenger assisthnts employed directly by the Ch8rk(y. the Charity is also heavily
reliant on its. tellm of volunieer passenger assistants. As all drivers are required to possess a current PCV Licence,
no volunteer% were available to act in this capacity. Retrrettably. several long servino volunteers were lost during
the Covid-l9 pandemic and the Charity has encountered severe difficulty in retaining andlor recruiting the number
of volunteers needed. The Trustees wish io fonnally record their thanks to those volunteers who provtded their
setvices during the year, without whom the Charily would not have been able to assist so many clients.
Risk management
The Trustees periodically review the major risks to which the Chariry is exposed, in particular those related to lis
operations and finances, and are satisfied that Sys￿mS are in place to mitigate exposure io major risks.
Reserves Policy
The Trustees rely on the principal sp)Thsors to provide project funding which assists in meeting the ¢osts of
providing the service. The Charity employs a number of staff directly. with the current annualised wage cost (as
at I September ?024) being approximately £? I?.000. In addiiion, and dependent on the number of new vehicles
purchased with Specific funding. the Trustees would seek to replace at least one of the specially adapted
tninibuses, at a cost ol up lo £90,000, each year. Grant funding for capital additions will be sought wherever
possible but. where this is not available. the Tn￿tee$ will be oblioed to Use the Chariry's unrestricted funds.
Consequently, the Trustees consider that. ideally. the minimum unrestricted reserves with which the Charity
should operate is £450.0(K). This amouni is reviewed annually depending on the level of the Charity's activilies
Page 5

Travol Community Transport
{Limiied by Guarantee)
T￿￿tee$, report
ror the year ended 31 March 2024
The Charily's unrestricted reserves at 31 March 2024 were £323.049 12023.. £319.587), which falls short of the
above miniTnum. The Charity has continued to make periodic approaches to the National Lottery Fund
Coaltields Regeneration Fund for funding to replace older vehicles without success. However. during the
2021122 financial year the Charity received a granl of £130.046 Irom the Welsh Government (via the Community
Transport Associaiion) to purcbase two electrically poWe￿d wheelchair accessible vehicles and to install EV
chartstng points. After a series of manufacturing delays the vehicles ordered were eventually delivered in March
and April 2022. The Trus(ees believe that securin%Y future funding to replace vehicles is likely to pose a significant
challenge for some time 10 come. as the Government has had to borrow heavily to support the EconoTny. and other
traditional funding sources have significantly depleted their reserves in supporting community based projects
during the Covid-19 crisis.
Independent Auditors
So far as the Trustees are aw￿e. there is no relevant audit inforniation (rhat is, infornmtion needed by the Charity's
audiiors in connectlOD with preparing their report) of which ihe Charity's auditors are unaware. and the Trustees
have taken all Steps that they ought to have taken in order lo make themselves aware of any relevant infonnation
and to en5UTe that the Charity'5 auditors are aware of that infornMtion.
R H Jeffs & Rowe were appointed as auditors lo the Chariry in October 2021.
Small companies exemption
In preparinu this report. the directors have thken advanta(ye of the small companies exemp(ions provided by
section 415A of the Cotnpanies Act ?006 in relation to the exclusion of the prepatation of a Strategic Report.
Statement of Trusteos, RespoDsibilitios
The trus￿eS, are responsible for preparing the Annual Report and the financial statement5 in accordance with
applicable law and regulations.
The law applicable to charities in England & Wales requires the trnstees, to prepare financial 5tattmeThts for each
financial year in accordance with United Kinodom Generally Accepted Accounting Practice (Uniled Kingdom
Accounting Standards and applicable law). The trustees, musi not approve the financial statements unless they are
satisfied that they give a t￿e and fair view of ihe stale of affairs of the clwity and of the incoming resources and
application of resources. including the income and expenditure, of the charity for that period.
In preparing these financial statements, the trustees. are required to:
select suitable accounting policies and then apply theTn consistently:
observe the meihods and principles in the Charities SORP:
make judgments and accounting estimaies that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed. Subject to any material departures
disclosed and explained in the financial statements". and
prepare the flnancial slatements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue to operate.
Page 6

Travol Communitv Transport
(Limited by Guarantee)
Trustees, report
for the year ended 31 March 2024
The trustees, are responsible for keeping sufficient accounting records that disclose with rei8onable accuracy at
any time the financial position of the charity and enable them to ensure thdl Ihe financial statements comply wiih
the Charities Act 201 I, the Charity (A¢¢ounts and Reports) Regulations 2(K)8 and the provisions of the trust deed.
They are also responsible for safeguardlntr the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregulariiies.
In so far as the trustees. are aware:
there is no relevant audit infonnation of which the charity's auditor is unaware: and
the trustees have taken all step5 that they ought lo have taken to make themselves aware of any relevant audit
iThtormation and io establish thai the auditor is aware of tliat infomiation.
The ttusiees, are responsible for the maintenance and integrity of the charity and financial infonnation included on
the charity's website. t£gislation in the United Kingdom tsoverning the preparation and dissemination of financial
staiements may differ from legislation in other jurisdictions.
This report was approved by the Board of Trustees on 22 October 2024 and was signed on ILS behalf by:
Ipa
C Paull
Trustee and Treasurer
Page 7

Unqualified Audit Report
Independent auditors, report to the members of Travol Community Transport
Company limited by guarantee
Opinion
We have audited the flnancial stalements of Travol Communily Transport (the 'charitable company J for the year ended
31 March 2024 which comprise the Statement of Financial Activities, Balance Sheei. Cash Flow Statement and notes to the
financial statements. including a Summary of significant accouniino policies. The financial reporting framework that has
been applied in their preparniion is applicable law 2nd United Kingdom Accounting Siandards. including Financial Reporting
Standard 10? The Financial Reportin. Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the stale of the chartthble company's affairs as at 31 March 2024 and of its incoming
resources and applicacion of resources, includints its income and expenditure. for the year then ended:
have been properly prepared in accordance with Uniled Kinodom Generally Accepted Accounting Practice; and
have been prepared in accordan¢e with the requiremenis of the Companies Act 2006.
Basis for opinion
We conducted our audit in a¢¢ordance with International sL￿dards on Audiling {UK) (ISAS (UK)) and applkcable law. Our
responsibililtes under those standards are further described in the Auditor's responsibilities for the audit of the financial
statements section of our report. We are independent of the charitable cotnpany in accordance with the ethical requirements
that are relevant to our audit of the financial staternents in the UK. including the FRC'S Ethical Stand&rd, and we have
fulfilled our other ethical responsibilities in accordance with these requirements. We believe thai the audit evidence we have
obtained is suffLcient and appropriaie lo provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of rhe following matters in relation to which the ISAS (UK) require us to report to you
where..
the trnsiees. use of the going concern basis of accounting in the preparation of the financial statements is not appropriate.
or
the trustees have not disclosed in the financial statements any identified maieriai uncertaintie5 that may east signifLcant
doubl about ihe company's ability to coniinue to adopt the gointr concern b&sis of accoun(ing for a period of at least
twelve months froTn the date when Ihe financial siaiements are auth0ri5ed for issue.
Other information
The trustees are responsible for the other inforniation. The other inform￿lOn comprises the inforn]aiion included in the
Trustees, Annual Report other than the financial statements and our auditor's report thereon. Our opinion on the financial
statements does not cover the other infonnalion an(L except lo the exieni otherwise explicitly stated in our report, we do nol
express aThy fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our re5EK>nsibility
is lo read the other inlormaiion and. in doing so, Consider whether the other inf0M￿tIo[l 15 materia]ly inconsistent with the
financial statements or our knowledge obtained in the audit or othe￿iSe appears to be ma*rially misstated. If we identify
such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misslatemenl in the financial stateEnents or a malerial missiatement of the other iThfornia(ion. If. based on the work we have
performed. we conclude that there is a tnaterial missiatement of this other inforniation. we are required to report that fact.
We have nothing w report in this regard.
Page 8

Unqualified Audit Report
Independent auditors, report to the members of Trnvol Community Transport
Company limited by guarantee
Opinions on other matters prescribed by the Companies Act 21)06
In our opinion, based on the work undertaken in the course of the audit-
the informa(ion given in the trustees, report which includes the directors. report prepared for company law purposes. for
the financial year for which the financial statements are prepared is consistenr with the financial sialemenrs- and
the directors, report included within the Irustees. report has been prepared in accordance with applicable legal
requittments.
Matters on which we are required to re￿rt by exception
In the litshi of the knowledge and understandintr of the charitable company and its environment obtained in the course of the
audit. we have not identified maierial misstatements in the ¢rusiees' report.
We have notliing io repoff in respect of the following matters where the Companie5 Act 2006 ￿qUireS us to report to you if,
in our opinion-
the charity has not kept adequaie accounting records. or returns adequate for our audii have not been received from
branch&% not V15iied by us; or
the financial statements are not in aoreement wilh the accounting records and returns: or
certhin disclosures of trustees, reTDuneration specified by law ￿ not made. or
we have not received ail Ihe infomiation 2nd explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement the tNstees (who are also the directors of the charitable
company for the purposes of company law) are responsible for the preparation of the financial statements and for being
satisfied Ih&i they give a true and fair view, and for such internal conirol as the trustees delern]ine is necessary to enable the
preparation of financial statements that are free from material misstaternent, whether due to fraud or error.
tn preparing the financial statements, the tmstees are responsible for assessing the chariLqble company's ability to continue as
a going conLern. disclosing. as applicable, matters related to ooing concern and using the ￿OIng concern basis of accounting
unless the trustees either intend to liqu1da￿ the charitable comp2ny or to cease operations, or have no realistic alternative but
to do so.
Auditor's rosponsibilities for the audit of the financial statements
Our objectives are to obiain reasonable assurance about whether the financial staiements as a whole are free from material
misstatement, whether due to fraud or error. and 10 issue an auditor's report that includes our opinion. Reasonable assurance
is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a
material misslatemeni when it exists. Misstatements can arise froTD fraud or error and are considered material if. individually
or in the aggregate. they could reasonably be expected (o infiuence the economic decisions of users taken on the basis of these
financial slaterneThts.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with
our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. Based on
our understanding of the Charity and Its activities, we identified that the principal risks of non-compliance with laws and
regulations related to the Chwities Act 2011, Charities Statement of Recommended Practice, UK tax legislation. pensions
legislation, employment ￿gUlatIon and health and safety regulation, anli-bribery, corruption and fraud, money laundering and
we considered the extent to which non-compliance might have a material effect on the financial statements.
We also
considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the
Companies Act ?006.
We evaluaied the Truslees. and management'5 incentive5 and opportunities for fraudulent manipulalion of the financial
statements {including the ri%k of override of conlrol.s) and determined thai the principal risks were related to manipulalion of
financial performance. managemeTht bias through judgements and assumptions in significant accounting estimates, in
particular kn ￿lati0Th to use of res￿leted funds, and significant one-off or unusual Efdnsactions.
Page 9

Unqualified Audil Report
Independenl auditors, report to the members of Trnvol Community Transport
Company limited by guarantee
Our audit procedures were de5itsned to respond to those ideniified risks. including non-compliance with laws and regulations
(irrequI￿11ies) and fraud that are material to the financial slatements. Our audit pr(Kedures Included but were not limited to:
discussing wiih the Trustees, and management their policies and procedures retrarding ¢omplian¢e with
laws and regulations;
ommunicating identified laws and regulaiions throughout our engagement team and remaining alert to any indications
of non-compliance throughout our 2udit- and
considering the risk of acts by the Charity which We￿ contrary to appllcable laws and ￿gUlations.
including fraud.
Our audit procedures in relaiion to fraud included but were noi limited to-
making enquiries of the Trustees, and tThanagement on whether they had knowledge of any acthal,
suspecied or alleged fraud-
gaining an understanding of the internal controls established to mitigate risks related io fraud-
discussing amongst the engagement team the risks of fraud.. and
addTessiThu the risks of fraud through managemeni override of controls by performing journal entry testing.
There are inherent limitation5 Ln ihe audit procedures de5¢ribed above and the primary responsibility for the prevention and
detection of irregularities includina fraud rests with rnanagemeni. As with any audit. there remained & risk of non-detection
of irregularities, as these may involve Collusion, forgery, inlentional omissions, misrepresentations or the override of internal
controls.
A further description of our responsibilities for the audit of the fman¢ial statements is located on the Financial Reporting
Council's websiie at.. https'.l/www.frc.orts uklaudiiorsresponsibilities. This description fornis part of our auditor'5 report.
Use of our report
This report is rnade solely 10 the charitable company's members. as a body. in accordance wilh Chapter 3 of Part 16 of the
Companies Act ?006. Our audii work has been undertaken so that we might state to the ¢haritable company's mexnbers those
matters we are required to Stale to them in an auditorf5 reIx)rt and for no other purpose. To the fullest extent pern]itted by law,
we do not accept or assume responsibility to anyone oiher than the ¢haritable company and the charitable company's Members
as a b(Kly. for our audit work. for ihi.g report. or for the opinions we have formed.
RobertThorrias Bsc FCA
Senior Statutory Auditor
for and on behalf of R.H. Jeffs & Rowe,
Statutory Auditors & Chartered Accountants
27128 Gelliwasted Road
Pontypridd
CF37 2BW
Page 10

Travol Community Transport
(Limiied by Guaranleel
Statement of Finaneial Activities
for the year ended 31 March 2024
U￿￿til￿ Restricted Funds at
Funds
Funds 31103124
Funds at
31103123
Income & endowments from:
Charitable activities'.-
Income arising from the provision of the
service
206.173
206,173
222.082
Generated lund%'.
In¢ome arising from grants
81,514
81,514
202.536
Donations received
30
Investment incotne and interest
6.692
6,692
2.724
Totsl Income & endowments
296.379
296.379
427.372
Expenditure on:
Charitable Activities
292.917
36,491
329.408
337,172
T(btal Expenditure
292.917
36,491
329.408
337,172
Movement in total funds for the year:
Net Incomel(Expenditure)
3.462
(36.491)
(33,029)
90,200
Net Income after traDSters
3.462
(36,491)
(33,0?9)
90,200
Fund Balances brought forward
319,587
102,622
422,209
332,009
Fund Balances carried forward
323.049
66,131
389,180
422,209
The nel outgoing resources arise wholly Irom contiThuing operdtions. The Statement of Financial Activities includes all gains
and losses for the year. There is no material differencc between the net outgoing resources for the above financial years and
their historical cost ¢quivaienlb.
Page 11

Travol Community Transport
ILimi*d by Guaraniee)
Company number 04573868
Balance Sheet
as at 31 March 2024
2024
2023
Notes
Fixed Assets
Tangible assets
61,073
102,314
Current A￿ets
Debiors
Cash at bank and in hand
20.783
365.683
40,391
355,666
Total Current Awts
396.057
Creditors: amounts falling
due within one year
(40.459)
{59,462)
Net Current Assets
346,007
336.595
Total Assets Current
Liabilities
407.080
438.909
Provisions for Liabiliti
and Charges
io
(17,900)
(16.700)
Net Assets
389.180
4?? ?09
The funds of the Charity
UThrestricted Funds
Restricted Funds
13
13
323.049
66.131
319,587
10?,62?
389,180
422.209
Under Companies Act ?006. S454. on a voluntary basis. the trustees can amend rhese financial statements if
they subsequently prove to be defectiv¢.
The financial statetnents were approved by the Trnstee Board on 22 October 2024 and signed on its behalf by
R4-
C Paull
M D Coundley
Page 12

Travol Community Transport
I￿"M11¢d by Guarante¢)
Cash Flow Statement
for the year ended 31 ML arch 2024
2024
2023
Notes
Cash flows from operating activities
Net Movement in funds
Depreciation
Decrease in debtors
Increase/(Decrease) in creditors
Deduci interesl kncome
Increase in provision for long-terni liabilities
(33,029)
41,241
19,608
(19,003)
{6,69?)
1.200
90.200
43,866
54.334
( IIK).822)
(?.7?4)
1.200
Net cash inflow from operating activities
3,325
86,054
Net cash inflow from operating acliviues
Capital expendI￿re
3.325
86,054
(70,873)
3,325
l5.181
Cash flows from invLsting activities
Interest fron] Investments
6,692
2.724
IncreasellDecreasel in cash in the year
10,017
17.905
Cash & Cash equivalents at start of the year
Cash & Cash equivalents at end of the year
355,666
337.761
365,683
355,666
Page 13

Travol Community Transport
ILAmiied by Gu￿nte¢)
Notes to the financial statements
for the year ended 31 TrIarch 2024
Statutory Inforniation
Travol Community Transport is a Charithble Company limited by guarantee incorporated in England
and Wales and domiciled the United Kingdom. The registered O￿lce is Unit 8 Marttime Offices,
Woodland Terrace, Maesycoed. Pontypridd. CF37 IDZ. The nature of the charity's operations and
principal activities is disclosed within the Trustees ReporL
The financial statements are presented in S￿rlIng (£), the charity's ￿nctional currency, and rounded to
the nearest pound.
The significant accountintr policies applied in the p￿paratIOn of these financial statements are set out
below. These policies have been consisiently applied to ail years presented unless otherwise stated.
Accounting Policies
Basis of preparation and a&s£ssment of going concern
The accounts (financial statements) have been prepared uner the historical cosi convention with items
recogni.qed at cosi or transaction value unles% otherwise slated in the relevant note(s) to these accounts.
The financial statements have been p￿pared in accordance with the Statement of Recommended
Practice.. Accouniing and Reportin- by Charicies prep￿ing their accounts in accordance with Financial
Reporting Siandard applicable in the UK and Republic of treland (FRS 10?) issued on 16 July 2014
and the Financial Reportintr Siandard, applicable in the United Kingdom and Republic of Ireland (FRS
10?) and the Charities Act ?0 l L.
The charity constitutes a public benefit entiry as defined by FRS 102.
The trustees have considered the cominu
financial year 2nd conclude that there are no material
uncertainties about the charities ability io continue as a uoing concern.
The trustees confm tbat as far as they are aware, there is no ￿levant audit information of which the
charitable company's audilors are unaware; and they have taken all the step5 that they ought to have
taken to make themselves aware of any relevant audit inforn￿lL0ll and to establish that the auditors are
aware of that information.
Page 14

Travol Community Transport
(Limited by G￿ntee}
Notes to the financial statements
for the year ended 31 Nlarch 2024
1.2. Income & Endowments
incoming resources ar¢ included in the Statement of Financial Aciivlties wben the
charity is entitled to the income and the amount can be quantified with reasonable ac¢uracy.
The following specific policies are applied io particular categories of income:
Voluntary income is received by way of donalions, gifts and unconditional grants
and included in full in the Statement of Financial Activities when receivable.
Income for charitable services ineluding agency work that is received by way of
grants. donaiions and contrncts. Where income is dependent upon perforniance
and specific deliverable5, income is included in the Statement ol Financial
Activities as the charity earns the right to considerniion by its perforniance.
Where relevanL dona*d services and assets are included at the value to the
chariry where this can be quantified. The value of services provided by volunteers
h&s not been included in these accounts.
d. Investment income is included when receivable.
Government grani income is included for the periThls for which it has been
awarded. If there is no specific peri(Kl for which it has been awarded then it is
included when received.
1.3. Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or con5trUCtive obligation
Committing the charity to Ihai expendÉlure, il is probable that settlement will be required and the amount
of rhe obligation can be measured reliably. All expenditure ts accounted for on an accNals basis.
Expenditure includes any V AT which cannot be fully recovered.
Charitable expenditure comprises those costs incurred by the Ch￿ilY in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs ol an inditeci nature necessary to support theuL
Govemance Costs include those costs associa￿1 with meeting the constitucional and statutory
requirements of the charity and include the audit fees and cosis linked to the strategic management of
the Charity.
All ¢osts are allocated between the expendilure categories of the Statement of Financial Activities on a
basis designed Co reflect the use of the resource. Costs relating to a particular activlty are allocated
directly, others are apportioned on an appropriale basis.
Page 15

Travol Community Transport
(Limiied by Guarantee)
Notes to the fin2neial statements
for the year ended 31 Lwlarch 2024
1.4. Tangible fixed 2&sets and depreciation
Depreciation is provided a( rates calculated io write off the cost less ￿51dva1 value of each
asset over ils eA￿ted useful life. as follows..
Vehicles
25% Straight line basis per amium.
Fund Accounting
The unrestricted funds of the charity comprise those moThie5 which are available to be used towards the
meeting of the charitable objectives of the charity at the discretion of the Management Committee.
The restri¢ied funds are monies rdised or received for a specific putpose and a¢¢ounted for in
accordance wilh the donors imposed Conditions.
1.6. T&xation
Travol Communily Transport is a regisiered charity. and a5 such, is entitled to certain exemptions on
income and proflls from investhients and surplus on any trading a¢tiviues carried on in furtherance of
the Charity's primary objectives, if these profits and surpluses are applied solely for charilable purposes.
trrecoverable Value Added Tax is charged io the relevant expenditure heading to which the net co¥1 is
associated.
Debtors & Creditors
Trade debiors and other debiors are recognised ai the settlement amount due after any trade discounts
offered. Prepayments are valued at the amount prepaid net ol any discounts due.
Creditors are recognised where the chariiy has a present obligalion resultino from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the oblig&tion can be
measured or estimaled reliably. Creditors are noM￿llY recognised at their settlement amount after
allowing for any trade dis¢ounts due.
1.8. Pensions
The organisation operdles a defined contribution scheme for its employees. Conuibutions are charged
to the Statement of Financial Activilies when incurred and are invested SePara￿lY from the assets of the
charity. Details of contributions made are shown in note 6 of the accounls.
Historically, joining the scheme has been at the discretion of each employee. However, as of February
2016 Ihe organisation was legally obligaied under the Pension Act 2008 to auloTnatically enrol all
employees who fulfil specified ¢riieria and who are not already enrolled in the pension .8cheme. The
organi5aiion's staging date was l February 2016 bul this was wstponed until l May 2016. The scheme
is now up and running dnd has been since thdi date.
Page 16

Travol Community Transport
(Limited by Guarnntee)
Notes to the financial statements
ror the year ended 31 March 2024
1.9. Financial instrnments
The charity only has fmancial 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 selllemeDI value.
Trade deblors and other debtors are recognised at the seltlement arDount due and prepayments are
valued at the amount prep&id.
Creditors are recognised where the charity h&8 a present obligation resulting from a past event that
wilI probably resuli in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors are nom￿lY recognised at their
seiilement atnount after allowing for anv trade discounts due.
Operating profit
2024
2023
Operating profit 15 Stated after charuing:
Depreciation and other amounts Written off intangible assets
41,241
43,866
and after crediting:
Profit on disposal of tangible fixed assets
2,376
Income arising from grants
Total
Year to
31103124
Total
Year to
31103123
Restrieted funds
Welsh Government Eleclric Vehicle Grant
123,363
123,363
Unrestricted funds
Rhondda Cynon TaflSEwfA operating grant
Welsh Governmenl - Bus services support grant
43,91
37.603
43.593
35.580
81.514
79,173
Page 17

Travol Community Transport
(Limited by Guarant¢¢l
Notes to the financial slatements
for the year ended 31 March 2024
4. Expendithre on charitable activities (all costs relate to the provision of tbe service)
Total Year to
31 Marcb ?J
T¢rtal Year to
31 LMJr¢h 23
Direct costs allocated to activities
Vehicle depreciation
Profitsnosses on disposal of tangible assets
Fuel and oil
Repairs and tnaintenance
Vehicle hire
Insurance
Vehicle frlephones
Volunteers, expenses
Driver and escorts uniforn
Staff Training
Storage container hire
Subscriptions - CTAIWCVA
Vehicle parking
Wages and saI￿leS (including social security)
Auto enrolment D.C. pension costs
Sundry vehicle costs
41,241
43,866
(2.376)
29,211
13,941
5,268
8.692
,072
8,216
625
20,320
12,309
7,062
8,625
330
2,353
267
7.038
176 ?4?
1.624
2,346
267
7,016
168 ?73
1,300
716
277.903
288,433
Support costs allocated to activiti
Wages and Salaries (including S￿la1 security)
Insurance
Printing and stationery
Office renl
Property repairs and service charoes
Welfare and cleaning
Computer software
Telephone and postage
Pension cosis
Audit fee
Bank Charges
Sundry expenses
17,823
863
196
10,166
16,903
297
708
805
440
15,267
861
128
10.114
16,754
633
723
752
301
2,81)0
360
46
258
46
51,505
48,739
Total Expenditure
329,408
337.172
Page 18

Travol Community Transport
(Limited by Guarantee)
Notes to Ihe financial statements
for the year ended 3 l _￿[arch 2024
Net IncomingJ(Outgoing) Resources
Year ¢0
Year to
31103124 31103123
This is slated after chargingJ{crediung)'.
Depreciation
Auditors Remuneration
41.241
3.000
43,866
2,800
Staff
Year to
Year to
31103124 31103123
Siaff costs during the y&qr comprised of the following".
Waoes and salaries
Social security costs
Pension cost5
187.196
6,869
l74.460
9,080
?,8?0
196,l29
186,360
*The Charity has established a 'defined contribufions. pension scheme with National Employment Savings
Trust (NEST) in order to satisfy its obligation to 'aulo-enrol' employees into a pension scheme. Costs
associated with this scheme are recognised in the month Ihat wage and salary payments are made.
2024
2024
2023
2023
Full Time Part Time Full Time Part Time
Engaoed in provision of service
Administrative
Total number of employees
No employee was paid £60,000 or mre during the year. (2023 ". nil)
Total wages pakd to Key Management Personnel w&s £42,905 (LY.. £33.269).
Travol Community Transport directly employs a number of drivers, but is also reliant on the support of
volunteer escorts. who make no charge for their lime.
The trusiees received no remuneration or benefits in connection with the perfornwice of their duties.
There are no related party trdnsactions io be reported for the year.
Page 19

Travol Community Transport
ILimiied by GU￿antee)
Notes to the financial statements
for the year ended 31 ￿[arch 2024
Tangible fixed assets
Motor
vehicles
Tolal
Cost
At l April 2023
490.039
490.039
AL 31 March 2024
490,039
490,039
Depreciation
At l April 2023
Charge for Ihe year
387,725
41,24l
387,725
41,241
At 31 March 2024
428,966
428.966
Net l)ook valuos
At 31 March ?0?4
61.073
61,073
Ai 31 March ?0?3
10?.314
102,314
Debtors (owed <1 year)
2024
2023
Trade debtors
Other debtors
Prepayments and &ccrned income
5.314
1,848
13.6?1
23,990
2,288
14,113
20,783
40,391
P¥4ge 20

Travol Community Transport
(Limitrd by Guarantee)
Notes to the financial statements
for the year ended 31 Nlarch 2024
Creditors: amounts falling due
within one year
2024
2023
Trade creditor5
Accruals and deferred income
1.934
38.5?5
2,610
56,852
40.459
59.462
io.
Provisions for liabilities and chargos
Property
Dilapidation
Total
At l April ?073
Charge for ihe year
16,700
1,200
16,700
1,200
At 31 March 2024
17,9(N)
17,900
Under the terms of a property lease Travol Community Transport has an obligation to tnake good any
deterioration in, and to ￿SLore the condition of, the area occupied by the Charity. Whilst no forn￿1
'schedule of condition, was prepared or undertaken at the lime the Charily took occupation of the
premises, the Trustees believe thal i( is prudent 10 make provision for the potential cost of the
reinstatement and decorative works required to brin8 the premises back to the condition the landlord is
likely to require at expiry of the lease (see note 10).
ii.
Financial commitments
At 31 March 2024 the company had commitments under non-cancellable operating leases as follows:
2024
2023
Expiry date:
Between one and five years
4,250
12.
Donations in kind
Travol Community Transport direedy employ5 a number of drivers. but is also reliant on the 5UPPOrt of
volunteer escorts. who make no charge for their time.
Page 21

Travol Community Transport
(Limited by Guardniee)
Notes to the financial statements
for the year ended 31 Mareb 2024
13.
Analysis of Net Assets between Funds
Unrestricted Restrictsd
Total
Tangible Fixed Assets
Nei Current Assets
4.750
318,?99
56.323
9,808
61,073
328,107
323,049
66,131
389,180
14.
Rostricted funds
At
Incoming
Resources
Outgoing
Resources
At
31103124
Welsh Government _ Inteurdted Care Fund Vehicle
We15h GoverntneRf Electric Vehicle Grant
7.875
94,747
(7,875)
(28,616)
66,131
Tolal Restricted funds
102.622
(36,491)
66,131
15.
Share capi¢al
The Charitable Company is limited by guarantee and therefore has no share capital. The extent of the
guarantee is £1 per member.
Page 22

The following page% are not part of the 5Eatutory fitwicial aecounls

Travol Community Transport
Company limited by guarantee
Statement of Financial Activitios
for the year ended 31 Nlarch 2024
2024
2023
Income
-Grants
Rhondda Cynon TaflSEwfA operating grant
We15h Govemmenl- Bus Services suppoll grant
We15h Government Electric Vehicle Grant
-other
Donations received
Income arising from Ihe provision of the service
Bank In￿rest
43,911
37,603
43,593
35,580
123,363
2,000
206,173
6,692
30
222,082
2,724
296,379
427,372
Expendithre
-Direct costs
Vehicle depreciation
Fuel and oil
Repatrs and maintenance
Vehicle hire
Insurance
Vehicle telephones
Volunteers, expenses
Driver and escorts unifom)s
Storage container hire
Subscriptions - CT AIWCVA
Vehicle parking
Wages 2nd salaries (including social securiiy)
Auto enrolment D.C. pension costs
Sundry vehicle costs
Staff Training
Profitsnosses on disposal of iangible assets
(41 ?41)
(20.320)
(12.309)
143,866)
(29.211)
(13,941)
(5,268)
(8.692)
(1,072)
(8.216)
(625)
(2,346)
{267)
(7,016)
(168.273)
(1.300)
{716)
(7,062)
(8.625)
(?,353)
(267)
(7.038)
{176,?4?)
(1.624)
(492)
(330)
2,376
(277,903)
(288,4331

Travol Community Transport
Company limited by guarantee
Statement of Financial Activities
for the year ended 31 March 2024
2024
2023
-support costs
Wages and Salarie5 (including social security)
Insurance
Printing and stalionery
Office rent
Property repairs and service chartres
(17,823)
(863)
(196)
110.166)
{16.903)
(297)
115,2671
(8611
(128)
(10.1141
116.754)
(633)
Fl t
Wellare and cleaning
Computer software
Telephone and postage
Pension costs
Audil fee
Bank Charges
Sundry expenses
{708)
{805)
(4401
(3.0(K))
(258)
(46)
(7?3)
(752)
{301)
(2,800)
(360)
(46)
(51,505)
(48,739)
Net Incomel(Expenditure) for the year
(33.029)
90.?00