**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.
Page | 2
**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.
Page | 3
**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.
Page | 4
**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 ……………………
Page | 5
**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:
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.
## **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.
Page | 10
**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).
Page | 13
**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.
Page | 15
**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.
Page | 16