Company Registration Number 04840851 Charity number 1101339
Bolton Community Transport and Furniture Services
Trustees’ Report and Financial Statements
For The Year Ended
31 March 2021
Bolton Community Transport and Furniture Services
Contents
Page Members of the board and professional advisers 1 Trustees annual report 2 Independent examiner's report to the members 6 Statement of financial activities (incorporating the income and expenditure account) 7 Balance sheet 8 Notes to the financial statements 9
Bolton Community Transport and Furniture Services
Company Information
| Registered charity name | Bolton Community Transport and Furniture Services |
|---|---|
| Charity number | 1101339 |
| Company registration number | 04840851 |
| Principal office | Unit A1 |
| Lecturers Close | |
| Bolton | |
| Lancashire | |
| BL3 6DG | |
| Trustees | Andrew Wray Wallen |
| Jeanne Marie Kelly | |
| Gemma Louise Parlby | |
| Christopher James Benjamin Lee (appointed 19 January 2021) | |
| Secretary | Andrew Wray Wallen |
| Independent examiner | Nicola Mason ACA DChA |
| MHA Moore and Smalley | |
| 9 Winckley Square | |
| Preston | |
| PR1 3HP | |
| Bankers | The Co-operative Bank plc |
| Olympic House | |
| 6 Olympic Court | |
| Montford Street | |
| Salford | |
| M50 2QP |
Page | 1
Bolton Community Transport and Furniture Services
Trustees’ Annual Report
Year ended 31 March 2021
The trustees, who are also the directors for the purposes of company law, present their report and the financial statements for the company for the year ended 31 March 2021.
Reference and administrative details
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.
The trustees
The trustees who served the company during the period were as follows:
Jeanne Marie Kelly (Chairman) Andrew Wray Wallen (Secretary/Treasurer) Gemma Louise Parlby Christopher James Benjamin Lee (appointed 19 January 2021)
Structure, governance and management
Governing document
Bolton Community Transport and Furniture Services is a company limited by guarantee. It was incorporated on 22 July 2003 and from 1 April 2004 took over the operations of the unincorporated charity bearing the same name. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
Organisational structure
The charity is managed by an unpaid management committee, consisting of the charity's trustees, meeting on a monthly basis with the general manager.
Recruitment and appointment of trustees
Trustees are already familiar with the practical work of the charity. All are currently members of the management committee and are selected by members of that committee.
Trustee induction and training
New trustees are asked to attend short training sessions, both in-house to familiarise themselves fully with the work of the charity, and externally to ensure they are kept abreast of developments relevant to the charity in the voluntary sector. Attendance at external professional courses e.g. finance and IT is also arranged.
Related parties
The charity works closely with both statutory organisations e.g. Bolton Metro, Social Services and Commercial Services Departments and voluntary organisations e.g. Age Concern and Salvation Army, which can assist the charity in fulfilling its objects.
Risk management
The management committee conducts an annual review of the major risks to which the charity is exposed. The risk assessment register is reviewed by the trustees on a regular basis. Where appropriate, systems and procedures have been established to mitigate the risk that the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the charity.
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Bolton Community Transport and Furniture Services
Trustees’ Annual Report
Year ended 31 March 2021
Objectives and activities
The charity's principal objects are to assist in the relief of poverty, sickness and distress, the preservation of health and any other charitable purposes through the provision of transport and/or furniture and recycling furniture and white goods for the benefit of communities in the UK, and particularly, but not exclusively, those in Greater Manchester.
The charity is organised into three separate functions, "Transport", "Furniture" & "Training"
Transport - BCT&FS currently run four fully wheelchair accessible minibuses, operated as required over seven days per week. The service provides excursions and group transport for residents of nursing homes and conveying those unable to use public transport to "drop-ins", outreach centres and similar venues. The minibuses are operated by volunteer drivers.
Furniture - by a variety of measures e.g. advertising, word of mouth, contacts with Local Authority officers and services, probate solicitors etc., the community is encouraged to donate furniture suitable for re-use and distribution to those in need. For those without any visible means of support a free service is provided on referral by the appropriate agencies e.g. Social Services, Housing Associations, etc. Donated furniture is available for viewing and selection at BCT&FS showroom on Lecturers Close, Bolton. Selected furniture is delivered at economic cost, the service being operated with two vans. The service is operated with a mix of paid and volunteer drivers, van crew and warehouse staff.
Training - BCT&FS deliver a variety of Warehouse and Driver training courses to enable unemployed individuals to secure employment. In partnership with various agencies they also provide work placements for long term unemployed individuals and college students. In addition, the charity also provides MiDAS minibus training to schools and voluntary groups throughout Greater Manchester.
BCT&FS aims are described above, its operations aim to benefit the community by providing:
-
1 Transport: BCT&FS operates a low-cost accessible minibus service for the elderly and disabled groups in the area including nursing and residential homes as well as social groups and associations. The service provides day trips and lunches for all these groups as well as socially excluded individuals.
-
2 Furniture: BCT&FS provides low cost furniture and white goods, as well as a free furniture service, for those individuals and families within the community experiencing financial hardship either through low incomes or indeed for those without any visible means of support.
-
3 Training: BCT&FS provides a variety of training courses to assist long term unemployed individuals within Greater Manchester, back into work.
Public benefit statement
Our aim is to provide assistance in the relief of poverty, sickness and distress, the preservation of health and any other charitable purposes through the provision of transport and/or furniture and recycling furniture and white goods for the benefit of the communities in the UK, and particularly, but not exclusively, those in Greater Manchester. The Trustees have had regard to Charity Commission guidance on public benefit.
Achievements and performance
Transport - Due to the COVID-19 crisis, BCT&FS suspended their transport services for the infirm, residents of nursing homes and those unable to use public transport. When Government regulations allowed, the charity did carry out 88 journeys for school children to educational and cultural venues. Due to the uncertainty of when the pandemic will be over with people once again wishing to go out on trips and excursions, and the financial viability of limited journeys, our transport services at the year-end were suspended indefinitely.
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Bolton Community Transport and Furniture Services
Trustees’ Annual Report
Year ended 31 March 2021
Furniture – Due to the COVID-19 lockdown, furniture collections and sales were suspended for the majority of the year although a bulky waste collection & recycling service was provided for the Council & residents of Bolton. When Government regulations allowed BCT&FS collected and delivered furniture to 1221 homes in Bolton. The organisation helped around 9 families with its free service, providing 83 items of furniture totalling £3705. 93% of the total furniture sales were to families and individuals living in wards that are within the top 15% most deprived areas nationally.
Training - Due to the COVID-19 crisis & lockdown, all MiDAS & PATs minibus training courses and work placements were suspended. Internal health & safety training was conducted for staff & trainees returning to work from furlough.
Financial review
The principal source of funding is "internal generation" with some cross subsidisation of free services on furniture and low-cost transport by the sales of low cost furniture. A small amount of funding has additionally come from the discretionary grants from Bolton Metro and Bolton at Home.
Income for the year was £300,304 (2020 £342,740). Net outgoing resources were £7,967 (2020 £30,290). Free reserves as at 31 March 2021 were £88,509 (2020 £81,564).
A COVID-19 Bounce Back loan of £50,000 was secured from the Co-operative Bank and if possible, this will be repaid in full before loan repayments are due. During COVID-19 lockdowns, the charity accessed government furlough payments for staff.
Additionally, as the charity has Business Interruption cover on its insurance, a claim was made and a payment of £25,000 was received.
Investment policy
Aside from retaining a prudent amount in reserves each year, all the charity's funds are spent in the short term for the maintenance and development of the charity. No investments have been made.
Reserves policy
The charity's reserves policy includes sufficient free reserves to cover an average of six months management and administrative expenditure, together with enough to cover potential redundancy liabilities should unexpectedly the charity have to cease operations.
Plans for future periods
The charity plans to continue to develop its current activities outlined above in addition to exploring further recycling opportunities. The charity has plans to begin a small WEEE collection & re-use project. Due to the uncertainty of when the pandemic will be over and the financial viability of limited services, our transport services and training have been suspended indefinitely. This will necessitate a change to the charity’s name and its objectives in the coming year.
Trustees' responsibilities statement
The trustees (who are also the directors of Bolton Community Transport and Furniture Services for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
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Bolton Community Transport and Furniture Services
Trustees’ Annual Report
Year ended 31 March 2021
Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the income and expenditure of the company for that period.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and accounting estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The accounts have been prepared having taken advantage of the small companies exemption in the Companies Act 2006.
Signed on behalf of the trustees
Jeanne Marie Kelly
Trustee
04/08/2021 Approved on ……………………
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Bolton Community Transport and Furniture Services
Independent Examiners Report to the Trustees
Year ended 31 March 2021
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021 which are set out on pages 7 to 16.
Responsibilities and basis of report
As the charity 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 company’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 the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants England and Wales, 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 that in any material respect:
-
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
-
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
-
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.
Nicola Mason ACA DChA
MHA Moore and Smalley 9 Winckley Square Preston PR1 3HP
04/08/2021
………………………………..
Page | 6
Bolton Community Transport and Furniture Services
Statement of Financial Activities (incorporating the income and expenditure accounts)
Year ended 31 March 2021
| Not e Income Donations and legacies 2 Investments 3 Other income 4 Charitable activities 5 Total income Expenditure Charitable activities 6 Total expenditure Net income/(expenditure) before transfers 8 Transfer between funds Net movementinfunds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted Funds £ 26,443 11 27,085 152,560 206,099 (213,962) (213,962) (7,863) 311 (7,552) 109,250 101,698 |
Restricted Funds £ - - 94,205 - 94,205 (94,309) (94,309) (104) (311) (415) 415 - |
Total Funds 2021 £ 26,443 11 121,290 152,560 300,304 (308,271) (308,271) (7,967) - (7,967) 109,665 101,698 |
Total Funds 2020 £ 48,118 80 - 294,542 |
|---|---|---|---|---|
| 342,740 (373,030) |
||||
| (373,030) | ||||
| (30,290) - |
||||
| (30,290) 139,955 |
||||
| 109,665 |
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
Page | 7
Bolton Community Transport and Furniture Services
Balance Sheet
As at 31 March 2021
| Note Fixed assets Tangible assets 10 Current assets Stocks 11 Debtors 12 Cash at bank Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after one year 14 Net assets Funds Restricted income funds 16 Unrestricted income funds 17 Total funds |
£ 7,509 39,500 122,943 169,952 31,443 |
2021 £ 13,189 138,509 151,698 (50,000) 101,698 - 101,698 101,698 |
2020 £ 27,686 13,812 18,721 112,106 |
||
|---|---|---|---|---|---|
| 144,639 62,660 |
|||||
| 81,979 | |||||
| 109,665 - |
|||||
| 109,665 | |||||
| 415 109,250 |
|||||
| 109,665 |
For the financial year in question 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 directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the members of the committee and authorised for issue on…………. and are signed on their behalf by:
04/08/2021
Jeanne Marie Kelly (Chairman) Trustee
Company Registration Number: 04840851
Page | 8
Bolton Community Transport and Furniture Services
Notes to the Financial Statements
Year ended 31 March 2021
1 Accounting policies
General information and basis of preparation
Bolton Community Transport and Furniture Services is a private company limited by guarantee, registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.
The financial statements have been prepared in accordance with 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 Ireland (FRS102) issued on October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.
Bolton Community Transport meets the definition of a public benefit entity under FRS 102.
The financial statements are presented in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Preparation of the accounts on a going concern basis
The trustees are required to assess whether the use of going concern is appropriate, i.e whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation of the accounts. The measures taken by the Government to combat the spread of the corona virus resulted in the closure of the furniture shop and significant reduction in income from the provision of transport. The Trustees are managing the situation and consider that they have sufficient funds to meet liabilities as they fall due. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Donations
Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when received.
Grants
Revenue grants are shown in the statement of financial activities in the year in which they are received, or receivable, unless they relate to a specified future period in which case they are deferred.
Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable. Depreciation on the fixed assets purchased with such grants is charged against the restricted fund.
Fund accounting
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is allocated against the fund, together with a fair allocation of management and support costs.
Unrestricted funds are donations and other income received or generated for the charitable activities of the organisation.
Designated funds are unrestricted funds earmarked by the management committee for particular purposes.
Page | 9
Bolton Community Transport and Furniture Services
Notes to the Financial Statements
Year ended 31 March 2021
1 Accounting policies (continued)
Resources expended
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
Fixed assets
Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £100 are not capitalised.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance Vehicles - 25% reducing balance
Stocks
Stock is valued at the lower of cost and realisable value and therefore donated items are not included within the year end stock.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable to the scheme are charged in the period to which they relate.
Critical accounting estimates and assumptions
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Critical areas of judgement
There are no other critical areas of judgement.
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Bolton Community Transport and Furniture Services
Notes to the Financial Statements
Year ended 31 March 2021
2 Donations and legacies
| Small donations BMBC grant Bus Service Operators grant Other grants |
Unrestricted Funds £ 1,428 14,656 359 10,000 26,443 |
Restricted Funds £ - - - - - |
Total Funds 2021 £ 1,428 14,656 359 10,000 26,443 |
Total Funds 2020 £ 18,302 225 966 28,625 |
|---|---|---|---|---|
| 48,118 |
All donation and legacies in the prior year related to unrestricted funds.
3 Investment income
| Investment income | |||
|---|---|---|---|
| **Unrestricted ** | Total Funds | Total Funds | |
| Funds | 2021 | 2020 | |
| £ | £ | £ | |
| Bank interest receivable | 11 | 11 | 80 |
Investment income in the prior year related to unrestricted funds.
4 Other income
| Other income | ||||
|---|---|---|---|---|
| Profit on disposal of fixed assets Business interruption insurance claim Coronavirus job retention scheme grant |
Unrestricted Funds 2,085 25,000 - 27,085 |
Restricted Funds £ - - 94,205 94,205 |
Total Funds 2021 £ 2,085 25,000 94,205 121,290 |
Total Funds 2020 £ - - |
| - |
There were no profits on the disposal of fixed assets in the prior year.
5 Charitable activities
| Transport activities Furniture sales |
Unrestricted Funds £ 43,547 109,013 152,560 |
Total Funds 2021 £ 43,547 109,013 152,560 |
Total Funds 2020 £ 68,122 226,420 |
|---|---|---|---|
| 294,542 |
Income from charitable activities in the prior year related to unrestricted funds.
Page | 11
Bolton Community Transport and Furniture Services
Notes to the Financial Statements
Year ended 31 March 2021
6 Cost of charitable activities
| Cost of charitable activities | ||||
|---|---|---|---|---|
| Purchases Wages and salaries Pension costs Employers NIC Rent, rates and water Repairs and renewals Insurance Vehicle costs Telephone, fax and email Depreciation Volunteers’ expenses Postage, stationery, and publications Advertising and fundraising Holiday and excursion expenses Sundry expenses Finance charges and interest Governance costs 7 |
Unrestricted Funds £ 19,855 46,196 2,832 6,460 80,007 4,425 3,652 14,540 1,880 4,202 350 137 356 21 2,774 1,085 25,190 213,962 |
Restricted Funds £ - 94,205 - - - - - - - 104 - - - - - - - 94,309 |
Total Funds 2021 £ 19,855 140,401 2,832 6,460 80,007 4,425 3,652 14,540 1,880 4,306 350 137 356 21 2,774 1,085 25,190 308,271 |
Total Funds 2020 £ 41,955 158,251 3,599 7,882 74,058 6,142 2,975 19,565 2,426 9,229 3,600 652 1,408 378 4,579 2,418 33,913 |
| 373,030 |
All expenses have been allocated directly, apart from staff costs which have been based on staff time and telephone/postage and stationery, which have been based on usage.
| Prior year Purchases. Wages and salaries Pension costs Employers NIC Rent, rates and water Repairs and renewals Insurance Vehicle costs Telephone, fax and email Depreciation Volunteers expenses Postage, stationery and publications Advertising and fundraising Holiday and excursion expenses Sundry expenses Finance charges and interest Governance costs 7 |
Unrestricted Funds £ 41,955 158,251 3,599 7,882 74,058 6,142 2,975 19,565 2,426 9,091 3,600 652 1,408 378 4,579 2,418 33,913 372,892 |
Restricted Funds £ - - - - - - - - - 138 - - - - - - - 138 |
Total Funds 2019 £ 41,955 158,251 3,599 7,882 74,058 6,142 2,975 19,565 2,426 9,229 3,600 652 1,408 378 4,579 2,418 33,913 373,030 |
Total Funds 2018 £ 33,754 184,068 2,579 8,100 80,098 5,136 3,643 28,710 3,188 12,543 6,536 1,612 1,633 1,578 3,541 - 43,666 |
|---|---|---|---|---|
| 421,924 |
Page | 12
Bolton Community Transport and Furniture Services
Notes to the Financial Statements
Year ended 31 March 2021
7 Governance costs
| Salaries and wages Employer's NIC Insurance Accountancy fees Legal and professional fees |
Unrestricted Funds £ 16,057 1,635 - 7,498 - 25,190 |
Total Funds 2021 £ 16,057 1,635 - 7,498 - 25,190 |
2020 £ 25,967 2,729 406 4,811 - |
|---|---|---|---|
| 33,913 |
8 Net incoming resources/(resources expended) for the year
| 8 **Netincoming resources/(resources expended) for theyear ** |
|
|---|---|
| 2021 £ Depreciation 4,306 Loss/(Profit) on sale of fixed assets (2,085) 9 Staff costs and emoluments 2021 Total staff costs were as follows £ Wages and salaries 156,458 Pension costs 2,832 Social security costs 8,095 167,385 Particulars of employees: The average number of employees during the year was as follows 2021 No Number of staff 10 |
2020 £ 9,229 - |
| 2020 £ 184,218 3,599 10,611 |
|
| 198,428 | |
| 2020 No 10 |
No employee received remuneration of more than £60,000 during the year (2020 – none).
Remuneration of Key Management Personnel was £71,894.
Trustees remuneration
The trustees received no remuneration during the year. Trustees were reimbursed expenses in respect of duties incurred as a trustee amounting to £nil (2020: £nil).
The cost of insurance to indemnify the trustees against the consequence of any neglect or default on their part amounted to £690 (2020: £665).
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Bolton Community Transport and Furniture Services
Notes to the Financial Statements
Year ended 31 March 2021
10 Tangible fixed assets
| 10 Tangible fixed assets |
||||
|---|---|---|---|---|
| Cost At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Charge for the year Eliminated on disposal At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 11 Stocks Stock 12 Debtors Value Added Tax Trade debtors Other debtors Prepayments |
Equipment £ 44,389 724 - 45,113 43,131 428 - 43,559 1,554 1,258 |
Motor Vehicles £ 101,500 - (61,000) 40,500 75,072 3,878 (50,085) 28,885 11,635 26,428 2021 £ 7,509 2021 £ 601 8,139 25,669 5,091 39,500 |
Total £ 145,889 724 (61,000) 85,613 118,203 4,306 (50,085) 72,424 13,189 27,686 2020 £ 13,812 |
|
| 2020 £ 2,080 1,126 195 15,320 |
||||
| 18,721 |
Page | 14
Bolton Community Transport and Furniture Services
Notes to the Financial Statements
Year ended 31 March 2021
13 Creditors: Amounts falling due within one year
| Trade creditors Taxation and social security Income received in advance Other creditors Accruals Creditors: Amounts falling due after one year Bounce Back Loan |
2021 £ 19,161 1,620 7,831 491 2,340 31,443 2021 £ 50,000 50,000 |
2020 £ 20,158 6,813 30,607 804 4,278 62,660 2020 £ - - |
|---|---|---|
14 Creditors: Amounts falling due after one year
15 Commitments under operating leases
The company had outstanding annual commitments in respect of operating leases at 31 March 2021 of £59,600 (2020 - £59,600).
16 Restricted income funds
| Restricted income funds | |||||
|---|---|---|---|---|---|
| CJRS grant Awards for All Combined relocation grants (NRF & BMBC) capital |
Balance at 1 Apr 2020 - 80 335 415 |
Incoming resources 94,205 - - 94,205 |
Outgoing resources (94,205) (20) (84) (94,309) |
Transfers - (60) (251) (311) |
Balance at 31 Mar 2021 - - - |
| - |
The restricted funds balances in respect of tangible fixed assets will fund future depreciation of the assets concerned, those assets having been restricted funds per the donor's specifications.
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Bolton Community Transport and Furniture Services
Notes to the Financial Statements
Year ended 31 March 2021
17 Unrestricted income funds
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 1Apr 2020 | resources | resources | 31 Mar 2021 | ||
| General funds | 109,250 | 206,099 | (213,962) | 311 | 101,698 |
| 18 Analysis of net assets between funds 2021 Tangible fixed assets £ Restricted Income Funds - Unrestricted Income Funds 13,189 Total Funds 13,189 2020 Tangible fixed assets £ Restricted Income Funds 415 Unrestricted Income Funds 27,271 Total Funds 27,686 |
18 Analysis of net assets between funds 2021 Tangible fixed assets £ Restricted Income Funds - Unrestricted Income Funds 13,189 Total Funds 13,189 2020 Tangible fixed assets £ Restricted Income Funds 415 Unrestricted Income Funds 27,271 Total Funds 27,686 |
18 Analysis of net assets between funds 2021 Tangible fixed assets £ Restricted Income Funds - Unrestricted Income Funds 13,189 Total Funds 13,189 2020 Tangible fixed assets £ Restricted Income Funds 415 Unrestricted Income Funds 27,271 Total Funds 27,686 |
Net current assets £ - 138,509 |
Long term creditors £ (50,000) |
Total £ - 101,698 |
|---|---|---|---|---|---|
| 13,189 | 138,509 | (50,000) | 101,698 | ||
| Tangible fixed assets £ 415 27,271 27,686 |
Net current assets £ - 81,979 81,979 |
Long term creditors £ - - - |
Total £ 415 109,250 109,665 |
19 Related party transactions
There were no related party transactions in the year.
20 Company limited by guarantee
The company is limited by guarantee, governed by its Articles and Memorandum and Association.
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