SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED TH 28 FEBRUARY 2025 Company Number: 04660988 Charity Number: 1096317
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED CONTENTS Page Trustees, Annual Report Statements of Trustees, Responsibilities Independent Examiner's 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 2025 The trustees are pleased to present their annual report for the year ended 28th February 2025. 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 1st 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, sid(ness 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 particular 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 form 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 guidance on public benefit to ensure that the organisation is meeting its public benefit requirements. ACHIEVEMENTS AND PERFORMANCE This year has seen South Central Community Transport (SCCT) continue to provide a safe and affordable community transport service to the local community. On 3rd May 2024 we held an Annual General Meeting where two former trustees stood down and we welcomed four new trustees to the board. The new additions to the board along with our existing five members have pledged to take a more active role in the organisation and each adding their talents to help SCCT continue its vital work in the community. The last twelve months we have seen a increase in the number of planned board meetings. This is a good thing as it shows that with the increased level of board members compared to previous years we are meeting more regularly, and issues are being addressed more easily. It also gives staff the chance to update the board on a regular basis. This was also our third year of our warm hub; this was delivered by Wheel Meet Again for its members and any member of the community who are feeling the effects of the cold weather and cannot afford to heat their home during the day. We provided a safe and warm place for them to come in and have hot food and drink. The benefits of this to the members who have attended are immeasurable. Back in January 2024 we had a fixed wiring report that raised some concerns and recommended items for urgent repair.
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025 With the help of PH Holt Foundation, we were able to have these items repaired. They also contributed towards the installation of water heaters in our kitchen and washroom areas. In March 2024 all staff and volunteers undertook a food and hygiene course to ensure that we are following all the guidelines when providing the members of Wheel Meet Again and the food hub with food. Following a review into our expenditure we found that we had one minibus DA10 that was costing us more than any other minibus on repairs, and due to the age and mileage of the minibus we decided that the minibus needed to be replaced before more urgent parts where needed the be overhauled. In July 2024 we purchased a very low mileage 2017 ford transit minibus to replace the aging DA10. This has proven to be the right choice as the repair costs have fallen Considerably. By replacing DA10 and not just disposing of it, we retain a fleet of six minibus which is essential in keeping our current level of service. In December 2024 we also provided MIDA'S training to all our volunteer drivers. This has enhanced their skills and knowledge about the rules of operating and driving a minibus. This will benefit both them and SCCT for years to come. Wheel Meet Again has continued to provide an essential service to its members and has increased the memberships. WMA has continued to provide the regular classes and events as well as trips out for members. The number of classes and events provided by WMA this year has been excellent, considering the project now runs with a fraction of the funding that it started out with when it started. FINANCIAL REVIEW Total income in the year was £205,451 (2024: £247,858) of which £80,447 (2024: £95,182), related to funding for projects upon which restrictions are placed. Total expenditure in the year was £225,654 (2024: £239,677) leaving a deficit for the year of £20,203 (2024.. surplus £8,181). At 28th February 2025 the charitable company's resenles stood at £303,429 (2024: £323,632) of which £42,548 {2024: £56,058) represented restricted funds. Risk Management The main risks to which the charitable 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 unrestricted funds, which are free resenies 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 £260,881 less tangible Fixed Assets £301,912 leaving a deficit balance of £41,031 (2024: Deficit £19,701). The charitable company requires £19,173 for redundancy provision, and £32,924 for three months, running costs, (total £52,097). It is SCCT'S policy to hold a minimum of three months running cost in reserve to cover running costs and redundancy provision should current funding streams cease.
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025 However, like most charities, this is easier said than done. We are constantly reviewing our expenditure and income to ensure that we have enough funds to run and maintain our levels of service to the community. In the current financial climate charities like ours face an ever-increasing rise in running costs. In most areas of expenditure this is unavoidable. It is for this reason that SCCT has aimed to increase prices for our community transport service to attempt to cover these costs. Any increases have to be managed carefully so we do not drive away our existing service users, it is for this reason that we have seen the price increases in 202412025 In a Minimal way with a gradual price increase planned later in 202512026. The Wheel Meet Again Project relies on grant funding and fundraising efforts by staff and volunteers. 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. Any funding that WMA receives is restricted funding and must only be spent on what was applied for. In the unfortunate event that SCCT could not meet its spending obligations or was forced to close then we would sell off assets such as the minibuses to raise the capital Plans for the future On 13th March 2025 the board held its first meeting of the new year to discuss plans for the next twelve months. Our next meeting is planned in May 2025 where we will plan for the succession of the Wheel Meet Again project and plan a way forward as in January 2026 the funding for WMA staff salaries comes to an end. We intend to make a plan for the future of the project and the future staff structure of the whole organisation. As a result af this meeting our funding manager will apply for funding in accordance with the board's decision. We plan to hold our next Annual General Meeting in September 2025. The date will be set in the planned board meeting In May. We will continue to analyse the needs of our Wheel Meet Again members and plan further classes and events. As always, we will continue to review our income and expenditure and this year, we will set a meeting to discuss our current business plan and where necessary make changes to ensure that SCCT has the required levels of income and expenditure to continue to operate. 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 Governing 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.
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2025 REFERENCE AND ADMINISTRATIVE DETAILS Name South Central Community Transport Limited 04660988 Company number Charity number Reglstered Office 1096317 The Garage 294-296 Mill Street Liverpool England, L8 6QW The Board of Trustees are also its directors. During the year the members of the board of trustees were as follows (Appointed 3rd May 2024) Board of Trustees 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 (Resigned 3rd May 2024) (Appointed 3rd May 2024) (Appointed 3r<i May 2024) (Appointed 3rd May 2024) (Resigned 3rd May 2024) (Resigned 3rd May 2024) Secretary Independent Examlner Bankers Signed on behalf of the Board of Trustees R Ambrose, Trustee
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 incorne 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. obseNe 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 accordance 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 Date:....
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 2025, 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 ectlV8 res onsibilities of trustees and examiner Basis of inde endent 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 ProdureS 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 fair, view and the report is limited to those matters set out in the ststement below. Inde endent examiner's In connection with my examination, no matter has come to my statement 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 accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement 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: 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 2025 Notes Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Income and endowments from Donations and legacies Charitable activities Other trading activities 17,750 80,447 202,810 230,108 2,641 3b 3c 122,363 2,641 Total income 125,004 80,447 205,451 247,858 Expenditure on Charitable activities 131,697 93,957 225,654 239,677 Total expenditure 131,697 93,957 225,654 239,677 Net (expenditure)I Income (6,693) (13,510) (20,203) 8,181 Total funds brought fonNard 10,11 267,574 56,058 323,632 315,451 Total Funds carried forward 9-11 260,881 42,548 303,429 323,632 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 2025 Company Number.. 04660988 Notes 28th February 2025 28th February 2024 Fixed assets Tangible fixed assets 307,133 293,790 Current assets Debtors Cash at bank and in hand 59,925 74,890 59.925 74,890 Current liabilities Creditors: amounts falling due within one year (20,906) (14,372) Net current assets 39,019 60,518 Total assets less current liabilities 346,152 354,308 Long term liabilities Creditors: amounts falling due after one year (42,723) (30,676) {42,723) (30,676) Total assets less liabilities 303,429 323,632 Funds: Unrestricted funds Restricted funds 9,10 9,11 260,881 42,548 267,574 56,058 303,429 323,632 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 companies 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. Sig d on behalf of the Board of Trustees on .. R Ambrose, - Trustee
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 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 Practice: 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 Gharitable 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 foreseeable 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 reserves 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 received, 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 & room hire 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 2025 Expenditure recognltlon 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 the Statement of Financial Activities. Support and governance 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 omplianGe 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. Fixed 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 - 20 % per annum reducing balance basis Fixtures, Fittings & Equipment 15 % per annum reducing balance basis Building Improvements - 15 % per annum reducing balance basis Computer Equipment - 200/0 per annum straight line basis 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 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instrurnents. Financial instruments are recognised in the charity's 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 enforable 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. -11-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price 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. Basic financial Ilabllltles 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 the future reiptS 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 liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Critical accountlng estlmates 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. Taxatlon 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 2025 2025 Total Funds 2025 Total Funds 2024 Donations and Legacies: Donations General Grants 2,638 15,112 17,750 Income from donations and legacies in 2024 related wholly to unrestricted funds. -12-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 b. Charitable activities: ACC Liverpool Group Foundation Austin Smith Bus hire Events and trips income Feeding Liverpool Discretionary Fund Food and hygiene income Garfield Weston Foundation LCVS Community Impact Fund Liverpool Primary Care Network Local Neighbourhood Fund National Lottery Awards for All National Lottery Community Fund North West Housing Seniices Community Fund P H Holt Foundation Skelton Charity Sport England 956 720 956 720 114,287 124,262 7,632 10,201 1,250 444 5,000 114,287 7,632 1,250 444 463 5,000 1,500 359 5,000 1,680 1,680 9,120 68,521 68,521 500 68,521 500 1,820 1,820 1,562 9,120 122,363 80,447 202,810 230,108 Incorne from charitable activities in 2024 comprised £134,926 for unrestricted funds and £95,182 related to restricted funds. c. Other trading activities: Room Hire Fundraising 360 2,281 360 2,281 2,641 2,641 Income from other trading income in 2024 related wholly to unrestricted funds. 4. Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Tota I 2025 Total 2024 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. 92,428 133,226 225,654 239,677 -13-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 a. Analysed as follows: 2025 2024 Direct charitable expenditure.. Vehicle insurance 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 15,672 7,647 4,592 1,025 18,528 1,010 9,264 775 772 7,437 25,471 235 11,438 31,167 5,026 890 20,945 1,006 10,214 580 1,814 5,840 9,323 7,417 92,428 105,660 2025 2024 Support & Govemance costs.. Staff salary costs Pension Building running costs Office costs Insurance 96,041 941 6,397 1,158 2,262 96,006 941 7,144 921 2,026 rg! Subscriptions Training Sundry Bank charges Loss on disposal of fixed assets Payroll fees Accountancy Depreciation 596 1,926 3,175 109 343 227 240 291 693 1,328 21,353 613 1,300 21,212 133,226 134,017 Total expenditure on charitable activities 225.654 239,677 £93,957 (2024: £84,922) of the above expenditure relates to restricted funding. -14-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 b. Staff Costs 2025 2024 Staff salaries Social security costs Pension 93,200 2,841 941 93.165 2,841 941 96,982 96,947 c. Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows: 2025 2024 Charitable activities No employee received emoluments of more than £60,000 during the year. The Trustees are not remunerated for their serdices and are not included in the above number of employees. No out-of-pocket expenses were reimbursed to trustees in the year (2024: £nil). -15-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 5. Tangible fixed assets Land & Building Fixtures, Motor Building Computer Fittings & Vehicles Improvements Equlpment Equipment Total Cost and Revaluation As at 1st March 2024 Additions during the year Disposals during the year 211,296 1,660 185,782 4,699 7,130 410,567 35,987 35,987 (30,100) (30,100) Balance as at 28th February 2025 211,296 1,660 191.669 4,699 7,130 416,454 Accumulated Depreclation As at 1st March 2024 Charge for the year Disposals during the year 1,270 106,963 4,511 4,033 116,777 58 19,842 28 1,425 21,353 (28,809) (28,809) Balance as at 28th February 2025 1.328 97,996 4,539 5,458 109,321 Net Book Value at 28th February 2025 211,296 332 93,673 160 1,672 307,133 Net Book Value at 28th February 2024 211,296 390 78,819 188 3,097 293,790 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 BH IB Charity Assured. 6. Debtors There were no debtors at or during the year (2024: none) -16-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 7. Creditors: amounts falling due within one year 2025 2024 Accruals Hire Purchase Commitments 1,511 19,395 1,483 12,889 20,906 14,372 8. Creditors: amounts falling due after one year These comprise solely of hire purchase commitments on the purchase of operational vehicles, repayable as below: 2025 2024 Due 1 to 2 years Due 2 ta 5 years 19,355 23,368 14,159 16,517 42,723 30,676 9. Analysis of net assets between funds Tangible Net Current Creditor due Fixed Assets more than Assets one year Total 2025 Unrestricted Funds General Fund Wheel Meet Again Project Revaluation reserves 90.617 (5,081) 6,773 (42,723) 42,813 6,773 211,295 211,295 301.912 1,692 (42,723) 260,881 Restricted Funds Clothworkers Foundation Feeding Liverpool Discretionary Fund Garfield Weston Foundation Liverpool Primary Care Network National Lottery Community Fund 3,277 3,277 415 415 6,119 6,121 273 32,462 273 1,669 30,793 5,221 37,327 42,548 Totals 307,133 39,019 (42,723) 303,429 -17-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 Tangible Net Current Creditor due Flxed Assets more than Assets one year Total 2024 Unrestricted Funds General Fund Wheel Meet Again Project Revaluation reserves 74,980 8,550 3,425 (30,676) 52,854 3,425 211,295 211.295 286,275 11,975 (30,676) 267,574 Restricted 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 8,922 862 8,922 7,515 48,543 56,058 Totals 293.790 60,518 (30,676) 323,632 10. Unrestricted Funds Movements in the Year Income Expenditure Reserves at Beglnnlng of Year Reserves at End of Year 2025 General Fund Wheel Meet Again Project Revaluation reserves 52,854 3,425 211,295 114,288 10,716 (124,329) (7,368) 42,813 6,773 211,295 267,574 125,004 (131,697) 260,881 -18-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 Movements in the Year Income Expenditure Reserves at Beginning of Year Reserves at End of Year 2024 General Fund Wheel 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 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 reduce isolation and promote an active ageing process. 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 2025 ACC Liverpool Group Foundation Austin Smith Clothworkers Foundation Feeding Liverpool Discretionary Fund Garfield Weston Foundation LCVS Community Impact Fund Liverpool Primary Care Network Local Neighbourhood Fund National Lottery Awards for All National Lottery Community Fund National Lottery Community Fund- Covid 19 North West Housing services Community Fund P H Holt Foundation Skelton Charity Sport England 956 (956) (720) (819) (835) (3,323) (634) 720 4.096 3,277 415 1,250 5,000 4.444 634 6,121 321 (48) (1,680) (3,970) (68,445) 273 1,680 3,970 32,386 68,521 32,462 103 (103) 500 (500) (2,140) (862) (8,922) 320 862 8,922 1,820 56,058 80,447 (93.957) 42,548 -19-
SOUTH CENTRAL COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025 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) 103 640 320 862 8,922 1,562 9,120 2.674 45,798 95,182 (84,922) 56,058 Descriptlon 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: ACC Liverpool Group Foundation- contribution towards Ukulele's and other equipment. Austin Smith Contribution towards purchasing media equipment and other class materials for the line dancing class, Christmas calendars & arts and crafts class. Clothworkers Foundation Contribution towards the acquisition of new wheelchair accessible minibus. Feeding Llverpool Dlscretlonary Fund- Contribution towards purchasing food & energy costs Garfield Weston Foundation - 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 Local Neighbourhood Fund- Contribution towards Minibus Advanced driving course for 12 volunteers 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 2025 National Lottery Community Fund - Covid 19 - Contribution towards transport food and hygiene parcels and delivery costs during Covid-19 pandemic North West Housing Services Community Fund- Contribution towards mini bus hire to take members on shopping trips P H Holt Foundation Contribution towards the replacement of flooring, electrical repairs and heating repairs. Skelton Charity - Contribution towards sound bath meditation Sport England - Contribution towards Tia Chi classes. 12. Lease Commitments As at 28th February 2025 (2024: 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. (2024: none) 14. Guarantees As at 28th February 2025, 11 members had given a guarantee of £1 each in the event of the company winding-up. Total: £11 (2024: 7 members £7) -21-