|
Please Sign and Return REGISTERED COMPANY NUMBER: 04691498 (England and Wales) REGISTERED CHARITY NUMBER: 1099220
Report of the Trustees and
## Financial Statements
for the Year Ended 31 March 2021
for
;
Compass Community Transport Limited (A Company Limited by Guarantee)
TTR Barnes Limited Chartered Accountants 3-5 Grange Terrace Stockton Road Sunderland Tyne & Wear SR2 7DG
.
Compass Community Transport Limited
## Contents of the Financial Statements for the year ended 31 March 2021
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|---|---|---|---|---|---|---|---|
|Page|
|Report|of the|Trustees|1|to|5|
|Independent|Examiner's|Report|6|
|Statement|of Financial|Activities|7|
|Statement|of Financial|Position|8|
|Notes|to|the|Financial|Statements|9|to|14|
|Detailed|Statement|of Financial|Activities|15|to|16|
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Compass Community Transport Limited (Registered number: 04691498)
## Report of the Trustees for the year ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## OBJECTIVES AND ACTIVITIES
## Objectives and aims
The objects of the Charity are to provide a community transport service for the inhabitants of the City of Sunderland and it's environs who are in need of 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.
The long term strategy is to expand the services to all areas of the City of Sunderland as increases in our reserves allow.
|Organisation Membership as at31 March 2021 was brokendown by clientgroups as follows|Organisation Membership as at31 March 2021 was brokendown by clientgroups as follows|:|
|---|---|---|
||Number of||
||Members||
|People with physical|||
|disabilities|11||
|Elderly people|28||
|Youth Groups|6||
|Children's Groups|31||
|Religious|3||
|Others
#|6||
# - includes community associations, church groups and groups that are involved with more than one of the above categories.
## Significant activities
The Charity have a modern, fully accessible fleet of minibuses which have been made available for hire to member organisations during the year. Drivers were provided, both employed and volunteers, who were Criminal Records Bureau checked.
Work placements have also been offered during the year and made available to people who are economically inactive which provides the individuals with training and employment opportunities.
## Public benefit
The Trustees have had regard to the Charity Commission's guidance on their legal duty on public benefit, and are satisfied that the charity delivers public benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake.
Activities undertaken to further the charity's purposes for public benefit include the provision of community transport in the form of minibuses, to the disables, old, infirm and socially excluded.
## Volunteers
The Charity benefited during the year from the contribution of volunteers from both the Management Committee members (5 individuals) and a number of drivers who voluntarily offered their services to the Charity ( 2 driver / passenger assistants).
Page |
Compass Community Transport Limited (Registered number: 04691498)
## Report of the Trustees
for the year ended 31 March 2021
## ACHIEVEMENT AND PERFORMANCE
## Charitable activities
During the financial year the following specific outcomes were achieved, all of which exceeded the original objectives set in agreement with the funders :-
|During the financial year the following specific
set in agreement with the funders :-|specific outcomes were achieved, all|of whichwhich exceeded|
|---|---|---|
||2021|2020|
|Number ofJourneys|||
|undertaken|62|605|
|Number ofpassengers|||
|carried|206|9,617|
|Number ofwork|||
|placementsprovided|0|0|
The charity continues to outsource the PATS training as this has been found to be more cost effective. The number of trips are up due to additional bus hire work. The Charity has managed to sign up a number of their old clients to the Charity's group shopper transport, funded by Nexus.
## Internal and external factors
The continuance of funding support is reliant upon Government priorities and future policy.
As such, this is outside the Charity's control together with the susceptibility to fuel increases as a result of oil price fluctuations.
Developments are monitored by the Directors / Trustees to enable them to react positively to any changes.
## FINANCIAL REVIEW
## Financial position
The net expenditure of resources for the period amounted to a surplus of £109,526 (2020 - deficit £40,967). The amount attributable to reserves stands at £293,132 (2020 - £183,745) of which £139 (2020 - £164) is restricted.
## Principal funding sources
During the year the Charity's principle income has been that generated by the provision of minibus hire to member organisations.
BSOG Fuel Rebates from the Department of Transport were received during the year totalling £10,017 (2020 - £11,906).
## Reserves policy
The Charity is capital intensive and requires constant investment in vehicles, ICT, premises and staff.
The Directors / Trustees therefore feel that it is necessary to ensure that sufficient finance is available in order that operations can be sustained without over reliance on one off funding packages or regimes.
This will be reflected in the fees charged to member organisations and the Charity set aside reserves and make provisions for this in the budget forecasts.
The general reserve should be sufficient to cover up to a maximin of three months average total expenditure. The trustee's quantify three months expenditure to be around £50,000.
The reserves policy is reviewed annually and amended by the Management Committee if necessary.
The Directors / Trustees have the power to invest in such assets as they see fit. The Charity sometimes needs to react quickly to particular needs and has a policy of keeping surplus liquid funds in short term deposits which can be readily accessed.
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Compass Community Transport Limited (Registered number: 04691498)
Report of the Trustees for the year ended 31 March 2021
## FUTURE PLANS
The Charity's key objective for the future is to continue with it's plans to expand it's current geographical area of service delivery and make membership available to other organisations within the City of Sunderland.
The Directors / Trustees also recognise the susceptibility of the Charity to future funding streams and therefore will strive to secure future funding. The finance officer of the Charity is currently investigating possible future funding streams for the Charity.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The constitution governing the Charity is dated 10 March 2003.
## Recruitment and appointment of new trustees
The Company has a Board of Directors (Management Committee), who are Trustees of the Charity, elected by the members at the Annual General Meeting where existing members of the Management Committee may stand for re-election.
Article 34 of The Articles of Association allows co-option by no more than 2 other persons by the Management Committee to service as full voting members.
Directors / Trustees normally have a specific interest in the transport provision regarding a geographical area of the City or a particular group of users.
Therefore, if resignation occurs which depletes the the key skills of the Board relating to transport, personnel or finance, the committee circulate that the Charity are looking for volunteers and also advertise through the volunteer bureau with a view to co-opting new Directors / Trustees.
## Organisational structure
The company has a Board of Directors (Management Committee) who meet on a monthly basis.
The Management Committee oversees the affairs of the organisation focusing on legal, technical, financial and operational aspects.
Key partners in the delivery of our services at present include the Local Authority and Nexus.
A Personnel Sub Group and Policy Sub Group are in place and their recommendations are brought forward to the Management Committee, at the monthly meetings, for approval.
Day to day operation of the Charity is dealt with by the transport manager who reports directly to the Management Committee.
## Induction and training of new trustees
As an introduction, new Directors / Trustees are provided with details of the services provided, copies of the minutes of recent meetings, the latest audited accounts and a copy of the publication "Responsibilities of Charity Trustees" issued by the Charity Commission.
A tour of the facilities and staff introductions is also arranged by the transport manager and administration officer.
## Related parties
The trustees are related parties of the Company and no transactions were entered into between the trustees and the Company during the year.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04691498 (England and Wales)
Page 3
Compass Community Transport Limited (Registered number: 04691498)
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Report of the Trustees for the year ended 31 March 2021
Registered Charity number 1099220
Registered office 11-12 Sandmere Road Leechmere Sunderland Tyne and Wear SR2 9TP
Trustees P R Wood Councillor I Galbraith Retired A Lindsey Retired CE Christopher Trustee G Moon Director J Mallaburn (appointed 21/10/20)
During the financial year and up to the date of approval of the Trustees’ report, an indemnity contained in the Charity's Articles of Association was in force for the benefit of the Trustees of the Charity, which was a qualifying indemnity provision of the purposes of the Companies Act 2006.
Company Secretary M Fenwick
Independent Examiner TTR Barnes Limited Chartered Accountants 3-5 Grange Terrace Stockton Road Sunderland Tyne & Wear SR2 7DG
Bankers
HSBC Bank plc Unit 49-51 The Bridges Shopping Centre Sunderland Tyne and Wear SRI 3LE
## Solicitors
O'Neill Richmonds Law Firm, Gosforth
## SENIOR STAFF WITH DAY TO DAY MANAGEMENT
J Lonsdale
M Fenwick
M Fenwick was appointed as CEO on 30/9/20 (Previously : Office Manager)
Page 4
Compass Community Transport Limited (Registered number: 04691498)
Report of the Trustees for the year ended 31 March 2021
## TRUSTEES RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Compass Community Transport Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements the Trustees are required to;
- Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charity 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 charitable company will continue in business.
The trustees are responsible for keeping 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.
In so far as the trustees are aware:
- There is no information relevant to the independent examination of which the charitable company's auditors are aware; and - The trustees have taken all steps that they ought to have taken to make themselves aware of any information relevant to the independent examination and to establish that the auditors are aware of that information. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 25 October 2021 and signed on its behalf by:
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P R Wood - Trustee
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Independent Examiner's Report to the Trustees of Compass Community Transport Limited (Registered number: 04691498)
Independent examiner's report to the trustees of Compass Community Transport Limited (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as_ carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member ofa listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Cook FCCA TTR Barnes Limited Chartered Accountants 3-5 Grange Terrace Stockton Road Sunderland Tyne & Wear SR2 7DG
26 October 2021
Page 6
Compass Community Transport Limited
## Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2021
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|||||||||
|---|---|---|---|---|---|---|---|
|2021|2020|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|114,952|-|114,952|-|
|Charitable|activities|3|
|Travel|by minibus|313,505|-|313,505|462,435|
|Investment|income|2|1S|-|15|72|
|Total|428,472|-|428,472|462,507|
|EXPENDITURE|ON|
|Charitable|activities|
|Travel|by minibus|319,047|25|319,072|503,474|
|NET INCOME/(EXPENDITURE)|109,425|(25)|109,400|(40,967)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|183,581|164|183,745|224,712|
|TOTAL|FUNDS|CARRIED FORWARD|293,006|139|293,145|183,745|
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The notes form part of these financial statements
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## Compass Community Transport Limited (Registered number: 04691498)
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Statement of Financial Position
31 March 2021
2021 2020
Unrestricted Restricted Total Total
Notes fund£ funds£ funds£ funds£
FIXED ASSETS
Tangible assets 9 100,146 144 100,290 130,073
CURRENT ASSETS
Debtors 10 19,175 - 19,175 32,657
Cash at bank and in hand 186,350 (5) 186,345 48,014
205,525 (5) » 205,520 80,671
CREDITORS
Amounts falling due within one year 11 (12,665) - (12,665) (26,999)
NET CURRENT ASSETS 192,860 (5) 192,855 53,672
TOTAL ASSETS LESS CURRENT
LIABILITIES 293,006 139 293,145 183,745
NET ASSETS 293,006 139 293,145 183,745
FUNDS 14
Unrestricted funds 293,006 183,581
Restricted funds 139 164
TOTAL FUNDS 293,145 183,745
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25 October 2021 and were signed on its behalf by:
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~ oA
P R Wood- Trustee
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The notes form part of these financial statements
Page 8
Compass Community Transport Limited
1. ACCOUNTING POLICIES
Notes to the Financial Statements for the year ended 31 March 2021
## Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements have also been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the trustees consider appropriate.
## Income
Income from the supply of services is recognised with the delivery of the contracted service provided that: the stage of the completion, the costs incurred in delivering the service and the costs to complete the requirements of the contract can all be measured reliably.
Membership subscriptions purchase the right to supply of services, with the incoming resource being recognised as income earned from the provision of services.
Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
Income from interest is recognised when its receipt is probable and the amount receivable can be measured reliably. Interest is recognised using the effective interest method.
## Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources,
## Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance Motor vehicles - 10% on cost Computer equipment - 33% straight line
Tangible fixed assets are stated at historical cost, less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Compass Community Transport Limited
## Notes to the Financial Statements - continued for the year ended 31 March 2021
## L. ACCOUNTING POLICIES- continued
## Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## Leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.
2. INVESTMENT INCOME
|2.|INVESTMENT INCOME|||||
|---|---|---|---|---|---|
||||2021||2020|
||||£||£|
||Deposit account interest|||15|72|
|3.|INCOME FROM CHARITABLE ACTIVITIES|||||
||||2021||2020|
|||Activity|£||£|
||Membership income|Travel by minibus||-|540|
||Bus Hire|Travel byminibus|303,488||449,989|
||BSOG fuel rebates|Travel byminibus|10,017||11,906|
||||313,505||462,435|
|4,|SUPPORT COSTS|||||
||||||Governance|
||||||costs|
||||||£|
||Travel by minibus||||2,935|
||Support costs, included in the|above, are as follows:||||
||||2021||2020|
||||Travel|by|Total|
||||minibus||activities|
||||£||£|
||Sundries|||-|225|
||Independent examiners fees||2,935||3,010|
||||2,935||3,235|
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Compass Community Transport Limited
Notes to the Financial Statements - continued for the year ended 31 March 2021
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
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||||||||
|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Depreciation|- owned|assets|24,987|26,844|
|Deficit|on|disposal|of fixed|assets|4,379|5,724|
|Operating|lease|charges|-|22,204|
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6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
7. STAFF COSTS
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||||||
|---|---|---|---|---|
|2021|2020|
|£|£|
|Wages|and|salaries|182,176|260,379|
|Social|security|costs|7,889|17,091|
|Other|pension|costs|3,476|4,894|
|193,541|282,364|
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The average monthly number of employees during the year was as follows:
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||||||
|---|---|---|---|---|
|2021|2020|
|Average|number|of employees|11|14|
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## No employees received emoluments in excess of £60,000.
The liability and expense for pension contributions are all allocated to the Travel by minibus activity, in unrestricted funds, as this is what they directly relate to.
During the year key management personnel received total remuneration and other benefits of £59,702 (2020 - £65,292).
8. AUDIT, INDEPENDENT EXAMINATION AND OTHER FINANCIAL SERVICES FEES
During the year the following fees were paid to TTR Barnes Limited (the Charities independent examiners).
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||||||||
|---|---|---|---|---|---|---|
|2021|2020|
|ae|£|
|Independent|examiner|fee|2,935|3,010|
|Assurance|provided|for BSOG|Grant|Claims|768|640|
|3,650|3,650|
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## Compass Community Transport Limited
## Notes to the Financial Statements - continued for the year ended 31 March 2021
|9.|TANGIBLE FIXED ASSETS|||||
|---|---|---|---|---|---|
|||Fixtures||||
|||and|Motor|Computer||
|||fittings|vehicles|equipment|Totals|
|||£|£|£|£|
||COST|||||
||At 1 April 2020|12,312|246,605|11,979|270,896|
||Additions|-|(15,990)|-|(15,990)|
||Disposals|-|-|(3,352)|(3,352)|
||At 31 March 202]|12,312|230,615|8,627|251,554|
||DEPRECIATION|||||
||At 1 April 2020|10,981|118,007|11,835|140,823|
||Charge for year|199|24,661|127|24,987|
||Eliminated on disposal|-|(11,194)|(3,352)|(14,546)|
||At 31 March 2021|11,180|131,474|8,610|151,264|
||NET BOOK VALUE|||||
||At 31 March 2021|1,132|99,141|17|100,290|
||At 31 March 2020|1,331|128,598|144|130,073|
|10.|DEBTORS: AMOUNTS FALLING DUE WITHINONE YEAR|||||
|||||2021|2020|
|||||£|£|
||Trade debtors|||1,027|5,205|
||Other debtors|||1,107|-|
||VAT|||1,273|2,743|
||Prepayments|||15,768|24,709|
|||||19,175|32,657|
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Debtors are measured on the basis of what will be recoverable in the future, discounted where material to present value.
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
||2021|2020|
|---|---|---|
||£|£|
|Trade creditors|5,718|16,633|
|Social security and other taxes|2,198|3,878|
|Other creditors|800|2,235|
|Accruals and deferred income|3,949|4,253|
||12,665|26,999|
Creditors are measured on the basis of what will be payable in the future, discounted where material to present value.
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Compass Community Transport Limited
Notes to the Financial Statements - continued for the year ended 31 March 2021
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|12.|LEASING|AGREEMENTS|
|Minimum|lease|payments|under|non-cancellable|operating|leases|fall|due|as|follows:|
|2021|2020|
|£|£|
|Within|one|year|30,360|30,360|
|Between|one|and|five|years|70,840|101,200|
|101,200|131,560|
|13.|SECURED|DEBTS|
|Amounts|owed|are|secured|on|the|assets|to|which|they|relate.|
|14.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1/4/20|in|funds|31/3/21|
|£|£|£|
|Unrestricted|funds|
|General|fund|183,581|109,425|293,006|
|Restricted|funds|
|Grants|for|Clamps|
|164|(25)|139|
|TOTAL|FUNDS|183,745|109,400|293,145|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|428,472|(319,047)|109,425|
|Restricted|funds|
|Grants|for|Clamps|
|-|(25)|(25)|
|TOTAL FUNDS|428,472|(319,072)|109,400|
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Compass Community Transport Limited
14. MOVEMENT IN FUNDS- continued
## Notes to the Financial Statements - continued for the year ended 31 March 2021
Comparatives for movement in funds
15.
|||Net||
|---|---|---|---|
|||movement|At|
||At 1/4/19|in funds|31/3/20|
||£|£|£|
|Unrestricted funds||||
|General fund|224,518|(40,937)|183,581|
|Restricted funds||||
|Grants for Clamps||||
||194|(30)|164|
|TOTALFUNDS|224,712|(40,967)|183,745|
|Comparative netmovement in funds, included in the above|are as follows:|||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|Unrestricted funds||||
|General fund|462,507|(503,444)|(40,937)|
|Restricted funds||||
|Grants for Clamps||||
||-|(30)|(30)|
|TOTAL FUNDS|462,507|(503,474)|(40,967)|
|.||||
|RELATEDPARTYDISCLOSURES||||
There were no related party transactions for the year ended 31 March 2021.
16. FUNDS
,
## Grants for Clamps
This fund is in relation to funding received for the purchase of wheelchair clamps. It is reduced on an annual basis in line with the depreciation charged for the period on the clamps.
## General Unrestricted Fund
This fund is unrestricted money received for use within the Charity at the Trustee's discretion.
Page 14
Compass Community Transport Limited
||Detailed Statement of Financial Activities|||
|---|---|---|---|
||for the year ended 31 March 2021|||
|||2021|2020|
|||£|£|
|INCOME AND ENDOWMENTS||||
|Donations and legacies||||
|Government Grants||105,152|-|
|National Lottery Funding||9,800|-|
|||114,952|-|
|Investment income||||
|Deposit account interest||15|72|
|Charitable activities||||
|Membership income||-|540|
|Bus Hire||303,488|449,989|
|BSOG fuel rebates||10,017|11,906|
|||313,505|462,435|
|Total incoming resources||428,472|462,507|
|EXPENDITURE||||
|Charitable activities||||
|Wages||182,176|260,379|
|Social security||7,889|17,091|
|Pensions||3,476|4,894|
|Insurance||1,785|1,784|
|Light and heat||946|1,951|
|Telephone||2,110|2,132|
|Postage and stationery||371|448|
|Bank charges||263|791|
|Repairs and renewals||19,404|40,723|
|Rent& rates||32,666|28,321|
|Cleaning||490|560|
|Stafftraining||682|168|
|Fuel||10,467|49,761|
|Professional fees||5,180|4,747|
|Travel||251|584|
|Road Fund Licences||1,146|2,702|
|Vehicle Insurance||17,324|25,691|
|Volunteer Expenses||145|4,300|
|Vehicle Hire||-|5,177|
|HP interest||-|4,294|
|Redundancy costs||-|10,573|
|Fixtures and Fittings Depreciation||199|235|
|Motor Vehicles Depreciation||24,661|26,485|
|Computer Equipment Depreciation||127|124|
|Loss on sale of tangible fixed assets||4,379|5,724|
|||316,137|500,239|
This page does not form part of the statutory financial statements
Page 15
Compass Community Transport Limited
## Detailed Statement of Financial Activities for the year ended 31 March 2021
||2021|2020|
|---|---|---|
||£|£|
|Support costs|||
|Governance costs|||
|Sundries|-|225|
|Independent examiners fees|2,935|3,010|
||2,935|3,235|
|Total resources expended|319,072|503,474|
|Netincome/(expenditure)|109,400|(40,967)|
This page does not form part of the statutory financial statements
Page 16