Charity rnglstr•Uon number 1098025 COmnY rry15ti¥tion numb•r 04710761 (England and Wales) FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 •AxLYEZ• 1711012024 COMPlEs HOUSE 240
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS LEGAL AND ADMINISTRATIVE INFORMATION Mr S JeMbT MrRCNice Mr J Heatht(M%( Mr l Read Charlty numb•r 1098025 Company numb•r 04710761 Prln¢lp•l address The Putakabii Garrison Lane Car Pafk Felixsto Suff* IP11 7SH Reglstored offlce Pcthkabln Garrison Lane Car Pa FdixsiowE Suff IP117SH Ind•pondent oxamlner Laker Goothhy) JO Ltd Unit 3 Thse1ft &InesS Pa IrN•Airth Road Feeri Essex C05 9SE
FELIXSTOWE AREA COMMUNrrY TRANSPORT LTD FACTS CONTENTS Trustees. report Staterrffit of Trttee$. P}stIlli11es Irvjependenl exarrMr*$ Rport Statement of finanfial acbwties Balano sheet Notes lo Ihe fina1•1 stat•TEnts 7-14
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORTI "_FOR THE YEAR ENDED 31 AIARCH 2024 The Ttee5 present their annual rewt aThJ finaTh>al statenwts for year ended 31 Mar( 2024. The financial $taienEnls have been prepared in awxdance V•ryth thè aeeounkn.rg poliaes set oul in note 1 to the financral ststemenls and compty wlh the Chari$ Igo¥eming documentl. the CoMpanS Acl 2006 and 'AccounlirrfJ and Repo.n9 by Chanties" Statement of Recommended practi awicable to tharities preparing their accounts in accordan¢e Vth Ihe Finan¢ial ReFylin9 Stsndard applicable wi the UK and Republc of Ireland {FRS 102). leffedive 1 January 2019). Objoctlves and actlYM]oS To prow¢Je a community liansport seThice for the irtwbrtanls of Felixstrh arwj ivs neohbourhood are in need of such a services because of age. Sickness or thsabilty Imer)tal or physicaf). poverty. or baUSe of a lae of availability or adequate aThJ safe public transport. The aim of ihe thaiity is by0dI ConneclirKJ ComuThlies seNo. CorMMx¥ty Car Sw4ryce, Group Hire and Gr(yJp Contract Services. The Twstee$ have pabj gLlldan i5swI by Ctwity Ctynnission in deOdj what aclN6tles the Chanty should undertake. Achlov•fflènts and p•rlomianc? The or9anisalion ho$ eryoyed a year of stabilty in this financial perknj. After the perlod of uncertnty after paThJemi¢ a1 invesiments made last year. Ihe oryarisatlon has use(l the year lo 31st March 2024 to fell to a on maintsinirvj CharitsbÈ obiedives of the organisation. Fln•ft¢l•l v•vl•w It is Ihe policy of the Charity that unrestri(thl funts have not been designated for a speryfic use should be maintained at a level equivalent to betrfftn three aTrJ six month's expenditwe. The Twslees consider Ihal $¢The5 at this level will en$ure that. in the e¥ent of a signtficani dr¢)p in fuThJirKJ. they TAfyII be able lo conbnue the Charity's current activities while eonsk1eralion is giben lo ways wi addiborAI fun(Is nw be ralsed. TIMS level of reseNes has been Maintai thrwghoul the year. Struetur•, gov•rn•n¢• and managemeno The Charlty is a comparry limiled by guarantee. The Trustees. wtho are also the directors for tr PLxpose of compary law. •M1 Thffio served during the year and up lo the dale of Signatu of the financial statements vMe'. r N Barber Mr S JenniTh3$ MrRCNice Mr M Osboun Mr J Heatrck Mr l Read IResigrd 25 SepierTtrr 2023) (Resigned 9 NoNerrthr 2023) Trustees are app(4nled in accoTdane W•ith ts cnY Articjes ofAssocialion. None of the Trustees has any benekial interest in ts cornpary. Al of ts Trustees * rwnbefs of Ihe company and guarantee lo contribute £1 in the event of a V•indirKJ up.
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS TRUSTEES. REPORT (INCLUDING DIRECTOR'S R&PORT) (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 The Twslees, rewi was appro1 by the Board of Tnthes. Mr S Jennings MrRCNice 20 September 2024
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS STATEMENT OF TRUSTEES. RESPOHSIBIUTIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, vtho are also tl directQTS of Fdix$l¢)e ea CommLllity Transr#Jl Ltd for the purpose of company law. are responsible for preparing ihe Trustees, Report and the finarNial statenIS in ardance al¢able law and United Kingdom Accowrtirvj Star#Jards (Urled KiW(Mn GerwatyAc(•ed Acrn9 Pra¢Xice). Company Law re4uiTes Ihe Trustees lo prepare financial statents for each financial year vthich give 8 In and fair wew of the slate of affairs of the Chanty aThl of the incorrir¥J resour atNI applica11 of re¥ource8. induding the income and expenditu, of the chaiitab(e cnpanY for that year. In paring the$e finaniial statemerts. Tntstees a requred to.. . seled suilable a¢cwnting poliries and ttEm eonsist.' - observe the methods aThJ pnncspjes in the Charrties SORP.. . make jWm¢nts and eslimales that are reas¢Thble &)d pnthit and - prepare the finandal slalements on the going CoeM t)asis Lmiess it is inappropriale lo pme Ihal the Chanty V•ill ¢onts. in operation. The Trustees are responsible for keeping adequate atirwJ rec5 that disdo$e wrilh reasonable accuracy at any time the finanual pitiOn of the Charity arKI enaNe them lo ensu that the finanaal slalemenls comply wlh the Companies Act 2006. They are also respongble for 5afe9uarding the assets of ts Charity and hence for takirwj reasonable steps for the pention and delecon of fraj other iwularilies.
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FEUXSTOWE AREA COMMUNITY TRANSPORT LTD I report to the Tnkqtees on my examination of the ffin8Nial State5 of Felixslov Area Community Transport Ltd (the Charsty) for the year 31 March 2024. Responslbllltlos and basls of rnport As the Trustees of the Charlty land al80 lls dlredm lor the puOSe8 of coThyny law) you respS1b1e for the preparallon of Ihe finandal Ststets In accordarKe 1b its requiremenls of the CoThyanies Act 2006 Ilhe 2006 HavirKJ satisfied mysdf that the finarKyal slalements of Tr Chanty a not requwed lo te audited Lsnoer Part 16 of the 2006 Act and are eligible for indepeThJenl exanwnation, I report in respect of my examination of the Charity's financial statements [ried out ur¥Jer section 145 01 the Charilies Act 2011 (the 2011 Act). In earying out my examination I have fomowed all the awubbè Oectsorts given by the Chanty Commisswi ur#ler seth.on 14515)Ibl of the 2011 Act. Ind•pondent examlnorfs stalgrn I have completed my examinalion. I cThifirrn that rrf) mgtters ha& to rry atten11 in tA>nnection wAth the examination giving me cause to believe Ihal in any material reSPt accounting iecords %%ere not kept in respe(a of Ihe Charty as required by setxon 386 of 2006Acl: or the financial stateEntS do not accord ith those record$'. or the financial statements do Tr)t eorrpty with ts aeeounting requirements of section 396 of the 2006 Act other than any reouirement tr1 the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the financaal slalements haNe w been prepa1 in aecordanr ¥th the methods and principles of the Stalemenl of Recommended Praclice for accounliry a1 reporting by tharities applicable lo charities preparing their aCUnIS in accoTdance 1h Final RepoitrYJ StsThJard apph"eable in the UK and Republi¢ of Irelartd (FRS 102). I have no concems and have come auoss no other Matte in cOnOn ¥th the examinalron lo vthich attention should be drawn in this pOrt in ¢yder to enable a proper urK1erstsTrJing of the finarla1 statements lo be reactd. -cknL Laker Goodwln Jongs Ltd Unil 3 Threshelfords eu5$ Pafk Inworth Road FeerirrfJ Essex C05 9SE Dated: 20 Septemtr 2024
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 UnreStrIc UnrnStrlCt Restrlclod funds funds funds 2024 2023 2023 Totsl 2023 Incom• and •ndovmi•nts from: Donalions and legacies Charitsble a¢tivilie$ Other inryjff 42,748 71.372 39.334 87.294 6.483 31.5(J) 70,834 67,294 6,483 Total Incomè 114.120 113.111 31.SOO 144,611 Ex 8nditurg on: Charitable activlties 128.017 118.410 118.410 l>o$s transfers be1¥en funds Net1oxpondltur•ylncom• for tho yearf N•t mov•m?nt In funds 31.500 (31.5LK)) {13.89n .201 26,201 Fund bala8 at 1 April 2023 1,952 80.751 80.751 Fund balan¢¢s at 31 M•r¢h 2024 93.055 1tO,952 106,952 The slatern1 of IInaal 8cliviknes indleS all galrrs and losses recognised in the year. All income and expendilure derive from coniThMry acts?1$. The slalement of finanual activitles also eonwies V•ith the requirements for an incorfe and expeimlilure accou under Ihe Cunpanles Acl 2006.
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS BALANCE SHEET ASAf31 MARCH 2024 2024 2023 Flxed assets Tangible assets 43.586 68,235 Currnnt assots Debtors Cash at bank wwj in h•NI io 13,647 39.851 13.131 30.746 53.498 43.877 Crgdltors: •mounts fvlllng du• wlthln ono y••r 11 {4.029) 15,1601 Nel (rrent assets 49.469 38.717 Total assots less cunI Ilabllltles 93.055 106,952 Income fvnd8 UnstriCted fund$ 93.055 106.952 93,055 1Ch%,952 The company is enllued lo the exemption from the audit Tequiremert in se10n 477 ofth Companies Act 20¢A, for the year ended 31 Marth 2024. The director ackno hrs respS1bt1itES c(ynplry Imlh requirements of the Cryryarmes A¢t 2006 with respecl to accounung reco5 and preparnlion offnancial statetwts. TP members have not requred tr company lo obtsin an a111 of its firAr•ial statements for the year On ystyon in accordance Vltri section 476. These finanoal $tslements ha¥E been pwred in attordance with tr provisirJrt& applicable to CPanieS subj'ect to the small companies regiffe. The finan¢ial slm¢nl$ appro4ed by tr T1[lee5 on 20 Wember 21Y24 Mr S Jennlngs MrRCNi¢ Company reglslrallon numbei 04710761
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Acc¢Juntlfig polltl Charlty Inforniatlon FelixstothE A4 Community Tfanswt Ltd is a prbvale eompany limited by guafanlee incorporated in Er@land and Wales. The registered office is Tr Portakabin. Garrison Lane Car Park, Felixs11)we, Suffolk. IP11 7SH. 1.1 AG¢ountlng ¢onvontlon The financial slalemenls have prepared in accorda with the Chariivs MemraThJum and Artides of Assooation. the Companies Arl 2006. FRS 102 "The Financial Reporting Standard applKabk in the UK and ReputAic of Ireland" I"FRS 1021 and ts Charities SORP-Aee4tVj aThJ Reporb"NJ by Charities: Stslement of Recommended Practice applIcate to tharits preparing ts"r a1$ in accoryiance vth the Finanryal Reporting Standard applicatAe in Ihe UK arKI Republic ol IrelwKI (FRS 102)- leffe¢ti¥e l Jwry 2019). The Charity is a Public Benefil Entity as defined by FRS 102. TIE Charbty has tsken advanlage of pro¥lsions in ts SORP for dwitE5 not to prewe a SlaterrEnt of Cash Flows. financial Statents are prepare(I is the fvnthonal cuer of ts Charity. Monetary mounts in these fiTrancial siatthrts are [OLw to the areSt £. Trt financial $talemerts ha been prepared uThJer the hi$loFical rtht eonveniion. Imodthed to indude the revaluab'on of freehold kyoperbes and lo include investmenl propeitw #r certain fin•n¢ial iffytruments al fair valuel. The principal accounling Oicies adopled are set oul below. 1.2 Golng concem At the time ol approviry ts fina101 5tstements. tr Trustees ha¥e a rea$(Thb eXoI10n that the Charity has adequate resources to conts.n4 in operalional exislence for Ihe foreseeable future. ThJ5 the Ttustees continue lo adopl the goirs cmm basis of accLxJnling in preparirwj the financial staterrents. 1.3 Charltsble funds Unrestricted funds are availth for use at the ¢Ssueliw of ts Totslees in fwtherance of tsir charitable obiectives. Restricted fuThJs are $tect to speofic (yJrKJilions by donrys as to lvyw Ilw may be used. The Pu05e$ aTh uses of the restricted frJ¥J5 are sel out in the notes to financial statements. Endowment fvls are SLWt to ¢(ltionS by dryw)rs Ihat capital musl be mainlain8d by t Chaity. 1.4 Incomg Income is recognised vthen the Chanty enliued to il after any perfomiance coTrJil1c have been met. the amounts can be measured Irdbty, il is probats t1 inc(Th vll be received. Cash donations a recognised on recapt. Ottw donatitxs are reeijgnised once the Charity has been noliffied of Its donation. unk5s perfomB cOndrti¢Y require defeal of Ihe amount. Income tax recoverable in relation lo donalwJn¥ re¢eNed LThJer Grt1Aj or deeds of covenant 15 recognised al the tsme of the donation. Legacies are recognlsed on lpt or 0119e If the Charity has fen rlfred of an impending distribution, the amount 1$ kno, arKI eipl is ext¢¢led. If ts amnl is not krw. the kgacy is treaieil as a tontingent asset.
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcle8 (Contlnugd> l.S Expendltur• Expenditu Is e0gnIsed once there is a Segal or eMStruct obloation lo transfer economic benefft lo a third party. it is probatAe that a transfer of eeonomic benefits ryll be required in setuement. artt1 the amount of the obligaliffi can be EasUred reliably. ExperKliture is dassified by a¢livity. The Costs of eath aCtrty are made up of the total of direet e05ts and shad costs. indudFng $port costs involved in undertakn"r#J eath acb"vty. Direct costs attributable lo a single activlty a allale{l diredty to that activty. Shared $ts thich ctYibe lo more than one acliwty and support costs Ntlch are not attnbulable lo a swKJle aCtIty are app)itioned betn Ihose actt"vils on a basis consislenl the use of resources. Central stsff costs a allocated on the basis of time spent. and deprecialion tharges are alked on Ihe pwtion ofthe a55el's Ie. 1.6 T•nglble Ilxed ass•ts Taryible fixed assets a inltsaty at ¢)xl aThl sutsseq nwswed al cost or valuation, net ol depEciation and any impaimnt losses. OepTecith'pn 1$ reco9nised so as to V4Tite off eosl or valualion of assets less Iheir residual val$ over their uselul lives on the followirwj bases.. Leasettcdd la and tMJiklwYJs Fixtures and fitb'ngs Motor vehide$ S year straight lir 5 year straight line 5 year straight line The gain or loss arising on Ihe disposal of an a55et is deterrrmwl as Ihe drfterern beien the sale prc¢eeds and the c•Thyiw value of Ihe asset. 8nd 1$ reets)nised in the statement ol finartial actmlies. 1.7 Impalrnwnt ol Ilx•d •ss•ts At each reporlir¥J end dale, the Charity reviews ts corj anh)unts ol its tarvjible assets to detemine wheiher there 1$ any Indi110n that those assets have suffered an impaimnl loss. If ary suth indicab exists, the recoverable amount of tr asset is e51wnaled in order to delermire the extenl ol the irrpaimnI loss {if any). 1.8 C•$h and •qulvalwts Cash and cash equivalents indLJe cash in hand. deP.IS at call V•ith banks. other $hort-term liquid investments with W131 matun.ks of Itwee Mth$ or less. arml bank overfrafts. Bank ovefdrafts are shovm within borrowiry in ¢urrent liats"1.e$. 1.9 Flnanclal Inslrum•nl8 The Ch8rity has elected to the wovtsions of Sedion 11 'Basi¢ Financial InStruffts' and Section 12 'Other Finan¢Tral Instrwwts Issue5. of FRS 102 to all of its ffinanrial insIruents. Finanryal instruments are recognised n the Chathys balartt slEa the Charity becomes paty to the contraclual provisions of the ins1nent. Finanaal assets and liabililies are offset. V•ith the net amounts presented in the financial statements. when there is a legalty enforce8e right to set off the reco9nised amounts thwE is an intention 10 settle on a net basis or lo realise ts asset and Sett the liabilty sKTrJllaneousfy.
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (CoThtlnu•dl &1¢ financlalassets Basic financAal assets. Indye debtors aryl cash and bank balaw, are inilialty aSured al tr•ft$ath price inctuding transaction sts and are 5ubsequentty Carried at amortised cost ung Ihe effective inleresi melhtJ unless Ihe arrangennt eonslilutes a finaNiry transath"on. wthere the transaction is measu al the present value of ts fuiure receipls discounted at a market rate of interest. Financial asset$ dassifted as receivabfe viilhin one year are Tr)t arn11$ed. Baslc fftnclal Il•billfyes Basic rn¢la1 liabilits, indudww ueditors aThS bank loans are iiytsalty recogrmsed al trartsaelion price unless the arraroement constitutes a financ4NJ Iransaclion. the debt instrument is ffasured at the present value of the fulure payments discounted al a market rate of inleresl. Financial h'abihlies dassified as payable thin ort year we amortised. Debt ir6truwits are sLknseqnty al amortFed cost. usirwj the effe(kne interest raie melhod. Trade ¢d0 are obligations lo pay for goods w services Ihat ha be acquired in ts Ordinary course of operations from suppliers. Amounts payable are dassrfEd a5 awrent liatylities if payment is due vhlhin one year or less. If not. they are psented as non-current liabilibes. Trnde edrtS a recognised inib'ally at traractiOn price and subsequenlly measu al M)lISed cost the effecve interest method. Derecognltlon olfinancw liabil Financial liabilities are derecognised Vthten Chanty'$ contraaual obl34i¢)ns expire or aR distharged or cancelled. 1.10 Employoe bonofits The cost of any unused holKlay ertill 15 r¢¢wMsed in tr rIOd in vknich the empl¢)yee's seThtts are ve(J. Temiinalicffl benefrts are rwntsed immedily as an expertse the Chariy is demonstrabty commthed ID lemiinate the emptyw)t of Toyee orto WOVKJe lemiinalicffi be. 1.11 Roll19ml beneffts Payments to defined cOn1rth fetinrt benefft srmes are charged as an expense as tlw tsll due. Crltlcal accountSng estlrn•tes and Judgemgnts In the applicaliw of tre Charit$ acoyjntiry pohaes. ts Tnjstees are requwed to make ludgemerts. estimates and assumpb.ons abThA the canwr¥J amount of assets arnl liaty'lilte5 that are not readity apparent from other sourr£s. The estimates 8fKI assocoted 85sumph'¢M are based on histovical expenen¢x and other faclors that are nSIdered to be relevant. Actual resulis may dffler from trw estimates. The est$ arKI undetying assuryilioAs Te¥ietd an (Mwing basis. Revisions lo accounting eslimales are recOgrSed in periTrJ in estimate 15 revised v1* the revision affects only that period. Of the perifyj of the fevbsbon and futfft peiitid$ V4re tr revision affeds t*th currenl and future peno(J$.
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 D¢)natlons and legxles Unrestrid•d Unreslrlct•d Ro$tted funds funds funds Total 2024 2023 2023 2023 Donations grfls Grants Membgr¥hip fee$ 18.570 21.076 3.102 12.580 24,76S 1,989 31.5LK) 44,080 24.765 1,989 42.748 39,334 31.500 70,834 10-
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS NOTES TO THE FINANCIAL STATEMENTS ICONTIMUEDI FOR THE YEAR ENDED 31 IIARCH2024 2023 11210 71.Jn 12.7JO 7.1 67.291
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ¥*p•.LrfVX'- . Oth•r incom Total Unrestri¢ted fijnds 2024 2023 Net gain on disposal of Wgrbk frKed assets 6,483 Charitable activities Charitable Charitable Expenditure Expendrture 2024 2023 Slaff costs Depre<iatitin and impainnent Motor expenses Subcontrador expenses Staff welfare and Iraining Office costs 55.598 24,648 25,676 1.278 322 20.495 48.428 23.190 24.317 1.507 1.357 19.611 128,017 118.410 128.017 118,410 Trustees No Trustees {or any persons Cnecd with them) receNed any reM)eratIOn or benefits from the Charity during the year. Employ•ès The average monthty number ofemployÈÈs during the year was.. 2024 Number 2023 Number 12-
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees Icontlnuedl Employmenl costs 2024 2023 Wages and salarbe$ OtrEr pension costs 54,961 637 47,977 451 55.598 48.428 There vre no employees wfftose arnml reffneratioft was more than £60,000. Tan9lbl• Ilxed ass•ts L•x•hold FIXI$ and Motorv•hl¢l•s I1lIng% Cost At l Apiyl 2023 11.401 15,447 132,798 159.646 At 31 March 2024 11,401 15.447 132.798 159.646 Deprgcl•tlon and 1mpa1rnn¢ Al 1 Apnl 2023 Depdatioft charged in tr year 11,401 14.202 289 65.808 24.360 91,411 24,649 At 31 March 2024 11.401 14.491 .168 116.060 cayIng amounl Al 31 March 2024 956 42.630 At 31 Marth 2023 1.246 66.989 68,235 10 Debtors 2024 2023 Amounts lalllng due wllhln on• y•ar: Trade debtors Olher debtors Prepayments and ar£rd inc 4.881 4,604 471 8,OS6 8.766 13.647 13.131 13-
FELIXSTOWE AREA COMMUNITY TRANSPORT LTD FACTS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 11 crnd1t0. amounts falllng dug wlthln on• y•af 2024 2023 Olher laxati¢)n and social seuirty Tra¢Je creditors A¢¢Nal$ and deferred Ino)ft 711 459 3.240 1.461 2.415 5,160 12 R•lat•d paity transactlons There were no disdogtye •ted party transactic the year (2023- none). 14-