SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 ADBH3L17 1210912024 COMPANIES HOUSE A31 Company Number: 04660988 Charity Number: 1096317
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED CONTENTS Page Trustees, Annual Report Statements of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2024 The trustees are pleased to present their annual report for the year ended 28th February 2024. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) (as amended for accounting periods commencing from 1 St January 2019). OBJECTIVES AND ACTIVITIES To provide a community transport service for such inhabitants of Toxteth in Merseyside and its neighbourhood who need such a service because of age, sickness or disability (mental or physical), or poverty or because of lack of availability of adequate and safe public passenger services. To provide or assist in the provision of facilities (with particu18r emphasis on transportation facilities) for recreation, or other leisure time occupation and interests of Social Welfare or in the pursuant of employment, provided that. such facilities are provided with the objective of improving the conditions of life for the persons for whom the facilities are primarily intended, and those persons have need of such facilities as aforesaid by reason of their youth, age, infirmity, disability, culture, poverty or economic circumstances To relieve poverty and provide aid (particularly aid in the fomi of transportation), to people suffering from economic or social disadvantage by reason of lack of mobility. Public Benefit Statement In considering the objectives and activities, the trustees have considered Charity Commission guidan on public benefit to ensure that the organisation is meeting its public benefit requirements. ACHIEVEMENTS AND PERFORMANCE Over the past twelve months South Central Community Transport {SCCT) has continued to recover from the effects of Covid 19. Although the last lockdown was in January 2021 there are still a number of our service users that have only just regained confidence to access our community transport services and our Wheel Meet Again Project and our Warm Hub. The increase in confidence by these service users is reflected in an increase in passenger numbers of 240kn compared with 202112022. Something else that has led to the increase in passenger numbers is the introduction of two newer minibuses to our fleet in YP17 ULM and BX67 zwr. Although they were purchased in the 2022-2023 financial year it was in the 2023-2024 financial year the benefits of two newer lower mileage minibuses would be felt. The replacement of tsvo older minibuses with high mileage and poor reliability with newer lower mileage minibuses has led to a reduction of 280 in repairs. An increase of 16 % overall minibus reliability and usage. In December 2022 we started our first warm hub for members of the local community and VVMA members, this service provided a lifeline for people suffering from the cost-of-living crisis. We provide a safe and warm space each day and provide refreshments. This has been a huge success. In December 2023 we received funding from LCVS to cover the running costs so that we could continue for the second year running.
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2024 Wheel Meet Again continues to provide an essential service to the over 50's in Liverpool suffering from loneliness and isolation. Each week they provide a Job club, Ukulele Class, V*theel Chat Again Group, Arts & Crafts Class. As In previous years Vtheel Meet Again have continued to develop its services in step with what our members want and need, this led to the introduction of two new popular classes in line dancing class, Sound Bath Meditation. also continues to provide regular days out to members. FINANCIAL REVIEW Total income in the year was £247,858 (2023.. £237,240) of which £95,182 (2023. £101,061), related to funding for projects upon which restrictions are placed. Total expenditure in the year was £239,677 (2023: £229,776) leaving a surplus for the year of £8,181 (2023. surplus £7,464). At 28th February 2024 the charitable company's reserves stood at £323,632 (2023.. £315,451) of which £56,058 (2023.. £45,798) repr8S8nt8d restricted funds. Risk Management The main risks to which Ihe charitabl8 company is exposed as identified by the Trustees have been considered and systems have been established to mitigate those risks. Reserves Policy It is the policy of the charitable company to maintain unreslricted funds, which are free reserves at a level to cover redundancy provision, and three months, running costs should no further funding be received. As at the end of the financial year the unrestricted funds totalled £267,574 less revaluation reserves £286,275 leaving a deficit balance of £19,701 (2023: surplus 58,358). The charitable company requires £16,681 for redundancy provision, and £38,689 for three months, running costs, (total £55,370). Although it is SCCT'S policy to hold our full three months reserve to cover running costs and redundancy provision to be used if SCCT loses all regular income. Like many small charities this is hard to do. In practice SCCT holds approximately 2 months running costs and over the year this fluctuales, however we are lucky to have a steady stream of income from minibus hire to support the main organisation and a combination of fundraising and external funding to cover the cost of our over 50's project Wheel Meet Again. In the current financial climate SCCT is not unlike many charities in facing an ever-increasing rise in running costs. It is for this reason that we will be increasing our pricing for our community transport operations to cover our running costs. The running costs we are required to keep in reserve as detailed in these accounts are for SCCT Community Transport operations. In the event that the Vtheel Meet Again project could not fundraise the extra costs required to run an activity that has not been funded by an external funder then that activity would not take place. Both the organisation and the project operate under strict spending rules, where if we do not have the funds to run something, then we will not run it. This was the case during the covid-19 pandemic where SCCT lost all income from its community transport operations. This steep decline in income was largely met with a steep decline in non-essential expenditure. Thankfully we received funding from external funders to cover our core running costs for this period.
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2024 In the unfortunate event that such an event happened again and such funding streams where not available then SCCT would meet any costs not met with incom8 by selling assets such as our minibuses, But this is only as a very last resort. As mentioned, we will be reviewing our prices for our community transport to a level where we can increase our income, but not deter our service users from continuing to use our services. We also plan on reviewing our expenditure and ways in which we can reduce it. In line with this we plan on continuing to fundraise and apply for external funding for our Vvheel Meet Again project. Plans for the future On 3rd May 2024 our Annual General Meeting is scheduled where board members will meet to discuss the progress of the charity over the past year and plan for the future. We will continue to analyse the needs of our Vvheel Meet Again members and plan further classes and events. We will also review our current fleet and see where savings can be made and if there is possibility to replace parts of our ever-ageing fleet. We also have Food & Hygiene training planned for March 2024 for all our staff and volunteers to ensure that we are meeting the correct standards when delivering our warm hub and l+Vheel Meet Again Project. Our funding manager will continue to review the needs of the organisation and apply for funding to continue to provide our services. Such as building repair work and driver and staff training. STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee, incorporated on 1 Oth February 2003 (Company number 04660988) and registered as a charity on 3rd March 2003 (Charity number 1096317). The Goveming Instruments under which the charitable company operates comprise the Memorandum and Articles of Association dated 30th January 2003 and revised by special resolution on 8th January 2013 and again 18th February 2017. REFERENCE AND ADMINISTRATIVE DETAILS Name South Central Community Transport Limited 04660988 Company number Charity number Registered Office 1096317 The Garage 294-296 Mill Street Liverpool England, L8 6QW
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2024 Board of Trustees The Board of Trustees are also its directors. During the year the members of the board of trustees were as follows Trustees J Ambrose R Ambrose S Groves JT Gunning S Kingston M McDermaid M McPartland P McPartland C Morton l Oshinibosi (Chair) R Worthington R Worthington Ying Huang ACCA clo LCVS 151 Dale Street, Liverpool, L2 2AH HSBC City Branch, 4 Dale Street, Liverpool, Engand L69 2BZ (Appointed 3rd May 2024) (Resigned 3rd May 2024) (Appointed 3rd May 2024) (Appointed 3rd May 2024) (Appointed 3rd May 2024> (Resigned 3rd May 2024) (Resigned 3rd May 2024) Secretary Independent Examiner Bankers Signed on behalf of the Board of Trustees R Ambrose, Trustee 4 /0.9./.20..£4.... Date .
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year, In preparing those financial statements, the trustees should follow best practice and". select suitable accounting policies and then apply them consistently. observe the methods and principle in the Charities SORP,. make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue as a going concern" state whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) (effective 1st January 2019). By Order of the Board, R Ambrose, Trustee South Central Community Transport Limited The Garage 294-296 Mill Street Liverpool England L8 6QW
INDEPENDENT EXAMINER'S REPORT OT THE TRUSTEES OF SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED I report on the accounts of the charitable company for the year ended 28th February 2024, which are set out on pages 8 to 21. The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145{5)(b) of the 2011 Act, and to state whether particular matters have come to my attention. Res ective res onsibilities of trustees and examiner Basis of inde enden examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Inde endent examiner's In connection with my examination, no matter has come to my statemen attention.. (1) which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006. and to prepare accounls which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Acl 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting Charities have not been met., or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Mrs Ying Huang Relevant professional qualification or body: ACCA Address: clo LCVS 151, Dale Street, Liverpool, L2 2AH Dated:
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 28TH FEBRUARY 2024 Notes Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 Income and endowments from Donations and legacies Charitable activities Other trading activities Other income 17,750 134,926 17,750 5,791 95,182 230,108 220,706 2,122 8,621 3b 3d Total Income 152,676 95,182 247.858 237,240 Expendlture on Charitable activities 154,755 84,922 239,677 229,776 Total expenditure 154,755 84,922 239,677 229,776 Net incomel{expenditure) (2,079) 10,260 8,181 7,464 Total funds brought fOard 10, 11 269,653 45,798 315,451 307,987 Total Funds carried forward 9-11 267,574 56,058 323,632 315,451 The notes on pages 10 to 21 form part of these accounts. All the above amounts relate to continuing activities of the charitable company.
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED BALANCE SHEET AS AT 28TH FEBRUARY 2024 Company Number: 04660988 Notes 28th February 2024 28th February 2023 Fixed assets Tangible fixed assets 293,790 314,646 Current assets Debtors Cash at bank and in hand 74,890 60,342 60,342 Current liabilities Creditors: amounts falling due within one year {14,372) (15,972) Net current assets 60,518 44,370 Total assets less current 354,308 359,016 Long tem) liabilities Creditors: amounts falling due after one year (30,676) (43,565> (30,676) (43,565) Total assets less liabilities 323,632 315,451 Funds: Unrestricted funds Restricted funds 9,10 9, 11 267,574 56,058 269,653 45,798 323,632 315,451 These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102). These accounts have been prepared in accordance with the provisions applicable to small cornpanies subject to the small companies, regime and in accordance with FRS102 SORP. For the period covered by these accounts the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The trustees, who are the directors of the company, acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. Signed on behalf of tha Board of Trustees on ..4Z...rf.8¢..24... R Ambrose. - Trustee
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 1. Limited Liability The charity is a company limited by guarantee. Each member's liability is limited to £1. 2. Accounting Policies Basis of accounting The financial statements have been prepared in accordance with the Statement of Recommended Practi.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (SORP 2019) and Charities Act 2011 and the Companies Act 2006. The accounts are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The charitable company has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The principal accounting policies adopted are set out below. Going concern At the time of approving the accounts, the trustees have a reasonable expectation that the charitable company has adequate reserves to continue in operational existence for the foreseeabl8 future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charity's free r8s8rves available for the trustees to apply in accordance with the charitable company's charitable objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Income recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when reived, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis except for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Other trading income relates to fundraising and is recognised when the amount is certain. Other Income relates to the gain on disposal of fixed asset and is recognised when the amount is certain. -10-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in Ihe Statement of Financial Activities. Support and govemance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relate to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charitable company. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Flxed Assets Capital expenditure of £250 and above is stated in the balance sheet at cost less accumulated depreciation. Land and building are stated at insurance valuation and reviewed periodically by the trustee. Depreciation is provided to write off the cost of each asset over its expected useful life as below. Land & Building- No deprecation charged Motor Vehicles - 200k per annum reducing balance basis 15 % per annum reducing balance basis 15 % per annum reducing balance basis 200 per annum straight line basis Fixtures, Fittings & Equipment Building Improvements - Computer Equipment - Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitVs balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc financial liabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of th8 future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial Ilabilities are derecognised when the charity's contractual obligations explre or are discharged or cancelled. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Taxation Income and gains are exempt from taxation as they are applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. 3. Income and endowments from Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 a. Donations and Legacies: Donations General Grants 2,638 15,112 2,638 15,112 5,791 17,750 17,750 5,791 Income from donations and legacies in 2023 related wholly to unrestricted funds. -12-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 b. Charitable activities: Austin Smith Bus hire Community Transport Association Events and trips income Food and hygiene income Garfield Weston Foundation LCVS Community Impact Fund Liverpool Primary Care Network National Lottery Awards for All National Lottery Community Fund P H Holt Foundation Registration Fee Skelton Charity Sport England 850 124,262 111,565 12,660 7,105 840 5,000 2,000 124,262 10,201 463 10,201 463 5,000 1,500 359 9,120 68,521 65,121 6,310 135 5,000 1,500 359 9,120 68,521 1,562 9,120 1,562 9,120 9,120 134,926 95,182 230,108 220,706 Income from charitable activities in 2023 comprised £119,645 for unrestricted funds and £101,061 related to restricted funds. c. Other trading activitles: Fundraising 2,122 Income from other trading income in 2023 related wholly to unrestricted funds. d. Other Income: Gain on disposal of fixed asset 8,621 Income from other income in 2023 related wholly to unrestricted funds. 4. Expenditure on charitable activities Direct Support& Total Total Charitable Governance 2024 2023 Expendlture Costs Provision of community transport and engagement services for inhabitants of Toxteth and surrounding neighbourhood, whose needs are due to age, sickness, disability etc. to aid in mobility and reduce isolation. 105,660 134,017 239,677 229,776 -13-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 . Analysed as follows: 2024 2023 Direct charitable expenditure.. Staff salary costs Pension Vehicle insuran Vehicle repairs and maintenance Vehicle other costs Tunnel and car parking charges Fuel Tracker costs Activities, trips and events costs Venue hire Refreshments Lease interest Volunteer expenses Bus hire Staff travel 64,080 363 7,945 13,788 5,756 1,714 23,867 1,081 8,478 510 11,438 31,167 5,026 890 20,945 1,006 10,214 580 1,814 5,840 9,323 7,417 3,868 32,754 5,520 477 105,660 170,201 2024 2023 Support & Governan costs.. Staff salary costs Pension Building running costs Office costs Insurance Subscriptions Unifonns Equipment hire Training Sundry Registration filing fee Bank charges Loss on disposal of fixed assets Payroll fees Accountancy Depreciation 96,006 941 7,144 921 2,026 3,175 17,068 318 11,194 1 ,469 1,880 591 1,058 1,460 109 343 13 211 188 520 1,200 16,761 227 613 1,300 21,212 134.017 59,575 Total expenditure on charitable activities 239,677 229,776 £84,922 (2023. £103,272) of the above expenditure relates lo restricted funding. -14-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 b. Staff Costs 2024 2023 Staff salaries Social security costs Pension 93,165 2,841 79,832 1,316 681 96,947 81,829 c. Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows.. 2024 2023 Charitable activities No employee received emoluments of more than £60,000 during the year. The Trustees are not remunerated for their services and are not included in the above number of employees. No out-of-pocket expenses were reimbursed to trustees in the year (2023: £nil). -15-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 5.Tangible fixed assets Land & Building Fixtures, Motor Building Computer Flttlngs & Vehicles Improvements Equipment Equlpment Total Cost and Revaluatlon As at 1st March 2023 Additions during the year 211,296 1,304 185,782 4.699 7,130 410.211 356 356 Balance as at 281h February 2024 211,296 1,660 185,782 4,699 7,130 410,567 Accumulated Depreclatlon As at 181 March 2023 Charge for the year 1,222 87,258 4,478 2,607 95,565 48 19,705 33 1,426 21,212 Balance as at 28th February 2024 1,270 106,963 4,511 4,033 116,777 Net Book Value at 28th February 2024 211,296 390 78,819 188 3,097 293,790 Net Book Value at 28th February 2023 211,296 82 98,524 221 4,523 314,646 Land and building of 292-296 Mill Street was gifted in 2013 from Plus Dane. The property has been included in these accounts and the trustees, used the value of £211,296 based on the valuation for insurance purposes on 17th March 2021 provided by the company BHIB Charity Assured. 6. Debtors There were no debtors at or during the year (2023: none) -16-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 7. Creditors: amounts falling due within one year 2024 2023 Accruals Hire Purchase Commitments 1,483 12,889 1,383 14,589 14,372 1 5,972 8. Creditors: amounts falling due after one year These comprise solely of hire purchase commitments on the purchase of operational vehicles, repayable as below.. 2024 2023 Due 1 to 2 years Due 2 to 5 years 14,159 16,517 12,889 30,676 30,676 43,565 9.Analysls of net a88ets between funds Tangible Net Current Credltor due Flxed Assets more than Assets one year Total 2024 Unrestrfcted Funds General Fund Vtheel Meet Again Project Revaluation reserrfes 74,980 8,550 3,425 {30,676) 52,854 3,425 211,295 211,295 286,275 11.975 (30,676) 267,574 Restrfcted Funds Clothworkers Foundation Garfield Weston Foundation LCVS Community Impact Fund Liverpool Primary Care Network National Lottery Awards for All National Lottery Community Fund National Lottery Community Fund - Covid 19 P H Holt Foundation Skelton Charity Sport England 4,096 4,096 4,444 634 321 3,970 32,386 103 4,440 634 321 3,970 29,715 2,671 103 320 320 862 8,922 8.922 7,515 48.543 56,058 Totals 293,790 60,518 (30,676) 323,632 -17-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 Tanglble Net Current Credltor due Fixed Assets more than Assets one year Total 2023 Unrestrlcted Funds General Fund Wheel Meet Again Project Revaluation reserves 93,707 1,190 7,026 (43,565) 51,332 7,026 211,295 211,295 305,002 8,216 (43,565) 269,653 Restricted Funds Clothworkers Foundation Garfield Weston Foundation National Lottery Community Fund National Lottery Community Fund - Covid 19 P H Holt Foundation Sport England 5.120 5,120 4,845 32,313 4,840 28,640 3,673 640 2,674 2,674 9,644 36,154 45,798 Totals 314,646 44,370 (43,666) 316,461 10. Unrestricted Funds Movements in the Year Income Expenditure Reserves at Beginning of Year Reserves at End of Year 2024 General Fund Nheel Meet Again Project Revaluation reserves 51,332 7,026 211,295 138,331 14,345 (136,809) {17,946) 52,854 3,425 211,295 269,653 152.676 (154,755) 267,574 Movements in the Year Income Expenditure Reserves at Beginning of Year Reserves at End of Year 2023 General Fund Wheel Meet Again Project Revaluation reserves 27,221 21,462 211,295 123,636 12,543 (99,525> (26,979) 51,332 7,026 211,295 259,978 136,179 (126,504) 269,653 -18-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 General Fund is used to finance the charitable company's general activities as outlined in the Trustees, Report. Wheel Meet Again Project - This project is for over 50's to engage in classes, events and activities to redu isolation and promote an active ageing prOss. Revaluation reserves - Insurance valuation of 292-296 Mill Street 11. Restricted Funds Movements in the Year Income Expenditure Reserves at Beginning of Year Reserves at End of Year 2024 Clothworkers Foundation Garfield Weston Foundation LCVS Community Impact Fund Liverpool Primary Care Network National Lottery Awards for 5,120 4,845 (1,024) (5,401) (866) 4,096 4,444 634 5,000 1,500 359 (38) 321 9,120 (5,150) 3,970 National Lottery Community Fund National Lottery Community Fund - Covid 19 P H Holt Foundation Skelton Charity Sport England 32,313 68,521 (68,448) 32,386 206 (103) (320) (700) {2,872) 103 640 320 1,562 9,120 2,674 8,922 45,798 95,182 (84,922) 56,OS8 -19-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 Movements in the Year Income Expenditure Reserves at Beginning of Year Reserves at End of Year 2023 Austin Smilh Clothworkers Foundation Community Transport Association Department of Transport Garfield Weston Foundation LCVS Community Impact Fund National Lottery Community Fund National Lottery Community Fund- Covid 19 P H Holt Foundation Sport England 850 (850) (1,280) (12,660) (15,421). (5,368) (2,000) 6,400 5,120 12,660 15,421 5,213 5,000 2,000 4,845 19.105 65.121 (51,913) 32,313 910 (704) (6,630) (6,446) 206 960 6,310 9,120 640 2,674 48,009 101,061 (103,272) 45,798 Descrlptlon of Funds These are monies given to the charitable company to be spent at the discretion of the Board of Trustees for specific charitable purposes, as follows.. Austin Smith - Contribution towards to purchase shirts and equipment for the Ukulele group Clothworkers Foundation accessible minibus. Contribution towards the acquisition of new wheelchair Community Transport Association trip. Department of Transport - Funding provided to purchase a new minibus and adapt it for wheelchair use. Contribution towards a defibrillator for weekend Garfield Weston Foundatlon - Contribution towards the 'Wheel Meet Again, project LCVS Community Impact Fund- Contribution towards 'Warm Hub, for members of the community. Liverpool Primary Care Network Contribution towards the acquisition of a generator for outside activities National Lottery Awards for All - Contribution towards Tai chi and walking groups National Lottery Community Fund - To fund 'Wheel Meet Again project, for a three- year period to contribute towards specified overheads along with the salaries for a Project Manager, an Outreach Worker and an Administrator, an activities co-ordinator. This project is for over 50's to engage in classes, events and activities to reduce isolation and promote an active ageing process. -20-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2024 National Lottery Community Fund - Covid 19 - Contribution towards transport food and hygiene ParlS and delivery costs during Covid-19 pandemic P H Holt Foundation - Contribution towards the replacement of flooring. Skelton Charity - Contribution towards sound bath meditation Sport England - Contribution towards Tia Chi classes. 12. Lease Commitments As at 28th February 2024 (2023: Nil), the charitable company had no lease commitments except for the vehicles as per note 7 and 8. 13. Related Party Transactions There were no material related party transactions during the year which require disclosure. (2023.. none) 14. Guarantees As at 28th February 2024, 7 members had given a guarantee of £1 each in the event of the company winding-up. Total,. £7 (2023.. 7 members £7) -21-