Company number 5003822 Charlly number 1102014 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Page I GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 CONTENTS Page Trustees and professional advisors Report of the trustees for the year ending 31 March 2024 Trustees, responsibilities in relation to the financial statements 10 Independent Examiners Report stotement of Financial Activities (including the Income and Expenditure accounti 12 Balance sheet 13 Notes forming part of the financial statements 14
Page 2 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 TRUSTEES AND PROFESSIONAL ADVISORS Reglstered charity name Goole & District Community Transport Group Operatlng name Goole GoFar Charity number 1102014 Company reglstratlon number 5003822 Prlncipal and reglstered offlce 51 Carlisle Street Goole East Yorkshire DN145DS Trustees and Directors Linda Thornton Frank Bryars Brian Robertson Jackie Smith Richard Berry Linda Kerrigan Independent examlner P Sharpe FCA Townends Accountants LLP Carli51e Street Goole East Yorkshire DN145DX
Page 3 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 Report of the trustees for the year ending 31 March 2024 The trustees are pleased to present their annual directors, report together with the financial statements of the charity for the year ending 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Stotement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Chalr's report l am pleased to say that after a number of year5 of being impocted by the Covid-19 pandemic, the challenge to build back service levels to pre-pandemic numbers has this year been more than achieved. This to some extent has been replaced by other challenges. including trying to aftract more volunteer drivers as demand for our transport provision increases and continually chasing funding opportunities to try and meet *he ever-increasing cost of running GoFar and vehicle replacement. In the year we have continued to strive to provide flexible, accessible and responsive transport solutions for our local community helping to enable them to live more independently and enjoy life to the full. This yeor we have been operating for 20 years, starting with one minibus in 2004. It is great to know that 20 years on our seNices are needed more than ever and we continue to evaluate and develop to meet the need. This year Staff and Trustees have created a 3-yeor strategic Business Plan, so we know what our aims and objectives are for the next few years. We have also created a Social Value statement, which looks at all elements of the charity and helps us know what it tokes to shape, embed and deliver social value successfully. All of the above would not be possible though without the great work of Christine who manages the charity on a day-to-day basis, our staff and volunteers without whom we would cease to exist, the Trustees who meet regularly to discuss all elements of the charity and our members who support and use our services. Thank you to everyone involved in Gofor os we move into our 21 st Year. I feel the charity has a positive future and very much hope that we will continue to 5UPPOIt the local community for another 20 years. Linda Thornton Chair
Page 4 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 Report of the trvstees for the year endlng 31 March 2024 {contlnued) Our purposes and activitles The purposes of the charity are.. Provide o community transport service for such of the inhabitants of Goole and its neighbourhood who are in need of such a service because of age, sickness or disability Imenfal or physicall, or poverty, or because of a lack of availability of adequate and safe public passenger services. The main objectives and activities for the year were to focu5 upon the promotion of the 50id objects. The strategies employed to assist the charity to meet these objecfives included the following. The use of Volunteers Provision of transport Assisting the elderly, sick and disabled Providing a safe environment Providing adequate public passenger services. Working with other Organisations In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit. including the guidance "public benefit": running a charity IPB21. The charity relies on grants, earned income and fundraising income to cover its operating costs. Open acce55 to our projects, sessions and services is important and is reflected within our policies set out in detail later in this report. Goole and District Communify Transport Group under the umbrella name of the Goole GoFar has been established in the local community for 20 years and has developed its 5etvices and fleet of vehicles in response to community needs. The strategies employed to achieve the charity's aims ond objectives are: The odvoncement of heolth Support for those with disabilities Environment / Conservation Economic / Community development / Employment Our beneficiaries ore: Children / young people Elderly / old people People with disabilitie5 other charities or voluntary bodie5 Those suffering social & economic deprivotion
Page 5 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 Report of the trustees for Ihe year endlng 31 March 2024 (contlnued) The organisation is open five days a week offering a range of Iron5POrt options thal support Ihe residents and young people living in Goole and the surrounding area. These include: MIBUS & Dlal A Rlde SeIceS access to town shopping service5 The MedlBus servlce access to hospitol, doctors and any medical appointment. GoFar and Howdenshlre Outlngs days out to areas wilhin the Yorkshire area Lunch Outlngs to eating estoblishments based locally for the elderly School contracts- providing young people with Iran5POrt to schools and after school activities. Monthly shopplng bus for Hook Resldents Communlty Bus Routes Communlty Group Hlre Access to transport optlons The Goole GoFar has been established in the locol community for approximately 20 years and hos developed its seNices and fleet of vehicles in response to community need. It operates with.. 7 minibuses operating under Section 19 or 22 permits and an accessible cor. During 2023 Ihe tolal pas5engerjourneys made wos 32.766 and covered over l 01,545 miles. Volunteers and staff Current stoff Teom- Two part-time office and five port-time drivers Volunteer Teom - Six GoFar Trustees, eight drivers. Volunteer hours for 2023 were- 2632 hours of in-kind time, which equotes in monetary terms to £29,000. All member5 of stoff provide vital skill sets to ensure GoFar conlinues to move forword regardle55 of the obstacles we come up against. Achlevements and performance Our services torget Goole and the surrounding area which is inclusive of Howdenshire and Ihe marshland communities. The Iransport is vital to these communities due to lack of public transport available and the highly ruralised nature of the area they live in. Lack of Iransport adversely impacts on many people in Goole and Howdenshire limiting their occess to key services, reducing independence and self-confidence and conlributing lo social and economic deprivotion. The Charity maintained ifs locol aufhority contracts held which included the MiBus shopping setvices and Medibus. They were successful with several funding applications which allowed them to continue offering their members Days Out and Lunches.
Page 6 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 Report of the Irustees for Ihe year endlng 31 March 2024 (contlnued) Achievements and performance (contlnued) The main challenge has been maintaining the fleet as lead fimes for the delivery of new vehicles has been well over 18 months. Vehicle shortage is a national if not European issue following on from the Covid Shutdowns and older vehicles have incurred increased mainfenance costs. Goole & District Community Transport aim is to continue to respond to the local transport need5. We are always focused on improving our service provision to cater for our member's needs. Which we continue to do within the ever-chonging environment we now live in. Future Plans.'Goole is on the verge of some major regeneration initiatives which will impact on all of the Goole GoFar's user groups in terms of the new services, activities and facilities they will be able to access through the provision of affordable, low cosl Ironsport. Partnerslstakeholders will include.. Existing user groups User/community groups operating within both the local and wider community whom may not have engoged with the Goole GoFar Local health providers IGeneral Practice} NHS Humber and North Yorkshire Integroted Core Board - as the major commissioning body of health services, as well as working on a more local level with Health Trainers etc Local Authority both in terms of the joint work they do with Health. The role that Goole GoFar has to play in the delivery of community Iransport services and the Total Transport initiative acr055 the East Riding of Yorkshire will be developed. Flnanclal revlew Against the bockdrop of limited resources and ongoing insecurities over funding, the period to 31 st March 2024 with the aid of sound financial management and the support of its staff and volunteers the organisation has recoided a balonce of free reserves for the period of £34,967. Investment powers and pollcy Aside from building up a prudent amount in reserves each year most of the charity's funds are to be spent in the short term 50 there are few funds available for long term investment. A review of investment options is undertaken ot the end of each financial year. Reserves pollcy and golng concern Reserves are needed to bridge the gap between the spending and receiving of income ond to cover unplanned emergency repairs and other expenditure. The trustees consider that the recorded level of reserves as at 31 st March 2024 is sufficient to 5UStain the charity in the medium term. The trustees have reviewed the reserve5 policy and going concern basis of the charity and consider that adequate resources continue to be available to fund the activitie5 of the charity for the foreseeoble future. The trustees are of the view that the charity 15 0 going concern.
Page 7 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 Report of the trustees for the year ending 31 March 2024 (continued) Plans for future perlods Goole & District Community Transport has over the last year built service provision back to pre covid levels. With fares income and community group bookings dramatically reduced over previous years the priority was and still is to rebuild our fares income. The charity has raised grant funding to help plug the gaps effected by the reduced provision. Goole & District Community Transport aim is to continue to respond to local transport needs. Together with local community transport colleagues and the East Riding Yorkshire Council IER YCI Transportation Services Team, the charity will work towards the five priority actions Wlthin the ERYC Community Transport strategy 2022- 2029. Its purpose is to ensure a coherenf and forword-looking approach to tackling transport issues in the wider context across the East Riding. Section 19 of the Local Transport plan ILTPI recognises the importance of community transport and the Community Transport strategy is a formol appendix to the main LTP document Directors and frustees The directors of the charitable company Ithe charity) are its trustees for the purpose of charity law. The trustees and officers seNing during the yeor and since the year end were as follows., Trustees, and Dlrectors Name: Mrs Linda Thomton Mr Frank Bryars Mr Brion Robertson Mrs Jackie Smith Mrs Linda Kerrigan Mr Richard Berry Appolnted/Reslgned: Posltlon: Chair TrusteelDirector Trusfee/Director Trustee/Director Tiustee/Director Trustee/Director/ Midas Trainer Appointed January 2024 Managers and Personnel Name.. Christine Dales Andy Smith Posltion: Business Manager and Company Secretary Operations Co-ordinator
Page 8 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 Report of the trustees for the year endlng 31 March 2024 (continved) Manager5 and Personnel contlnved Drlvers John Read Chris Clark stuart Ross Justine Dixon Michelle Garner John Law Richard Berry Graham Saunders Robin Seaman Mark Birtles Paul Kerrigan David Brodley Chris Broughton Minibus Driver Minibus Driver Minibus Driver Minibus Driver Minibus Driver Volunteer Driver Volunteer Driver/Midas Trainer Volunteer Driver Volunteer Driver Volunteer Driver Volunteer Driver Volunteer Driver Volunteer Driver started April 2023 structuie, Governance and Management The organisation is a charitable company limited by guarantee, incorporated on 24th December 2003 and registered os a charity on 10th February 2004. The company wos established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Appointment of trustees The directors of the company are also charity trustees for the purpose of charity law and under the company's Articles are known os members of fhe Management Commiftee. Under fhe requirements of the Memorandum and Articles of Association fhe members of the Management Committee are elected fo serve for a period of one year after which they must be re-elected at the next Annual General Meeting. The following directors retire and offer themselves for re-election. Linda Thornton Richard Bery Mr Frank Bryars Mr Brian Robertson Jackie Smith Linda Kerrigan Retiring August 2024 Appointed January 2024 The management committee seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. Therefore 05 port of the recruitment of trustees the group promote5 the need to acknowledge their experience to assist the charity. In order to promote a broad mix. members of the Management Committee are requested to provide a list of their skills {and update it each year if re-elected) and in the event of particular skills being lost due to retirements, individuals are approached to offer themselves for election to the Management Committee.
Page 9 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 Report of the Iruslees for the year endlng 31 March 2024 (conllnued) Trustee Inducllon and Iralnlng New trustees undergo an orientotion day to brief them on: their legal obligations under charity and compony law, the Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to altend appropriate external training events where these will facilitate the undertaking of their role. Organlsatlen The boord of trustees, which musl have o minimum of three and can hove up to nine rnembers, administers the charity. The board normally meets quartedy. A Manager 15 appoinled by the Iruslees to manage the day to doy operations of the charity. To facilitate effective operations, the Centre Manager has delegated aulhority. wilhin terms of delegalion approved by the truslees. for operational matters including finance, employment ond the sessions ond support provided. Related partles and co-operallon wlth other organlsallons None of our trustees receive remunerotion or other benefit from their work with the charity. Any connection belween a trustee, manoger or 51aff member must be disclose to the full boord of trustees in the some way as any other contractual relationship with a related party. In the current year no such reloled party transactions were reported. Pay pollcy lor senler staff The directors consider the boord of directors, who are the Trust's trustees. and the senior management team comprise the key management personnel of the chority in charge of directing and controlling. running and operoting the organisation on a day lo day basis. All directors give of their time freely and no director received remuneration in the year. Details of directors, expenses and related party tran50clions are di5c105ed in note 810 the accoun15. Rlsk management The trustees hove c risk management strotegy which comprises.. an annual review of the principal risks ond uncertainties that the chority foce: Ihe establishment of policie5. Systems and procedure5 lo miligate those risks identified in the annual review; ond the implementotion of procedures designed lo minimise or manage any potential impact on the charify should those risks materialise. This work has identified Ihot financial sustainability is the major financial risk for Ihe chority. A key element in the mcnogement ol financial risk 15 0 regular review of available liquid funds to setlle bills as they fall due, regular Iioi50n with the bank, and active management of trade debtors on creditor balances to ensure effective cash flow for the charity. Attention has also been focvssed on non-financial risks arising from fire, heolth ond sofety of staff, volunleer5, ond residents and young people accessing the centre. These risks are managed by ensuring accreditotion is up lo dole. having robust policies and procedures in place, and regular uwarene55 training for stoff working in these operational areas. The risks associated with Covid-19 have been incorporated into Ihe health and safety policy, it requires that all reasonable and practicol 51ep5 ore taken fo minimise these ri5k5, recogni5ing Ihot Goole Gofar cannot completely eliminale the risk of Covid-19.
Page 10 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 Trustees, responslbilitles In relallon to the flnanclal slatements The charity trustees (who are also fhe directors of Goole & District Community Transport Group for the purposes of company lawl are responsible for preparing a trustees, annual report and financial statemenfs in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel. Company law requires the charity trustees to prepare financial statements for each 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 charity for that period. In preparing the 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 estimates thol are reasonable and prudent,. state whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at any time the financial position of the chority 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The frustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and disseminotion of financial statements may differ from legislation in otherjurisdictions, Slatement as lo dlsclose to our Independenl examlners In so far as the trustees are aware at the time of approving our trustees, annual report: there is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the charities independent examiner is unoware, and the trustees, having made enquiries of fellow directors and the charities independent examiner that they ought to have individuolly taken, have each taken all step5 thot he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to e5tabli5h that the independent examiner 15 aware of that information. By order of the board of trustees Linda Thornton (Chaiil
Page 11 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP YEAR ENDED 31 MARCH 2024 I report to the charity frustees on my examination of the accounts of the company for the year ended 31 March 2024, which are set out on pages 12 to 24. RESPONSIBILITIES AND BASIS OF REPORT As the charity's trustees of the company {and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. 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 corried out under section 145 of the Charities Act 2011 Ithe '2011 Act'l. In corying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. INDEPENDENT EXAMINERS REPORT 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: accounting records were nol kept in respect of the company as required by section 386 of the 2006 Act: or 121 131 the accounts do not accord with those accounting records; or the accounts do not comply with the accounting requirements of section 396 of the 2006 Acl 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 Stotement of Recommended practice for accounting and reporting by charities [applicable to charifies preparing their account5 in occordance with the Financial Reporting Standard opplicoble in the UK and Republic of Ireland IFRS 1021]. 141 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. Paul Sharpe FCA Townends Accountants LLP Independent examiner Carlisle Street Goole East Riding of Yorkshire DN145DX zqlil.
Page 12 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Note 2024 2024 Unreslrlcted Restilcted funds funds 2024 Total funds 2023 Total funds Income and endowments from: Donations Charitable activities Fundraising Total Income (4} (5) 8.950 181,737 2,560 193,247 28,802 37.752 181.737 2,560 28,802 222,049 39,605 218,017 1,863 259,485 Expenditure on: Charitable activities Total Expenditure (6) 193,780 193,780 22.552 216,332 22.552 216.332 220,126 220,126 TransfeTS belween funds Net Income/(expendlture) and net movement In funds for the year {533) 6.250 5,717 39.360 Reconclliatlon of funds: Total funds brought foward 80,782 4,750 85,532 46,172 Total funds carrled IoTward 80,249 ii.000 91,249 85,532 The statement of financial activities includes oll gains and10sses recognised in the year. All of the above amounts relate to continuing activities
Page 13 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Note FIXED ASSETS Tangible assets 12 45,282 45,282 30,595 30,595 CURRENT ASSETS Debtors Cash at bank and in hand 13 2.043 49,486 51,529 2,011 56,470 58,481 CREDITORS: Amounts falllng due wlthln one year NET CURRENT ASSETS/{LIABILITIE5) 5.562 3.544 45.967 54,937 NET ASSETS 91.249 85,532 FUNDS Unrestricted funds Restricted funds 80,249 11,000 80,782 4,750 14 91.249 85,532 For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to small companies. Council members, responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and The Council Members acknowledge their responsibilitie5 for complying with the requirements of the Act wifh respect to accounting records and the preparation of accounts. These financial stotements were approved by the members of the committee and authorised for 155ue on the ALfrll, I11a021* ond ore signed on their beholf by: Signature. Chair Linda Thornton Signature........... Christine Dales Secretary
Page 14 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 l General Intormallon The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 51 Carlisle Street, Goole DN14 SDS. 2 Stalement of Compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting standard applicable in the UK and the Republic of Irelond,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporfing Standard applicable in the UK and Republic of Ireland IFRS 1021 {Chartties SORP IFRS 10211, the Charifies Act 2011 and the Companies Act 2006. 3 Accounting Pollcles The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. a) Basls of preporatlon The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The charity meets the definition of a public benefit entify under FR5102. Assets and liabilities are initially recognised at historical cosl or transaction value unless ofheNise stated in the relevant accounting policy notes. b) Preparatlon of the accounls on a going concern basls The trustees are of the view that having secured funding for a further twelve months and that there is sufficient free reserves to accommodate a period whereby other funding can be secuied to cover existing staff, projects and services that on this basis the assessment of the trusfees is that the charity is a going concern. The slow recovery in the cuent economy and funding cut backs within our local outhority has meant that there has been an increased demand on both locally sourced, govemment 50urce5 and granf funding available to the charity. As such many of the projects, sessions and services are provided to residents and young people free of charge or by way of a small donation to cover general overheads. However, the trustees remain in regular contact with grant funders, sponsoring local authorities and the local community in order to Secure their on-going financial support.
Page 15 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 3 Accountlng Pollcles (Conllnued) e) Income recognltlon pollcles All incoming resources are included in the statement of financial acfivities when entiflement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Items of income are recognised and included in the accounfs when all of the following criteria are met: the charity has entitlement to the funds,. any performance conditions attached fo the itemlsl of income have been met or are tully within the control of the charity; there is sufficient certainty the receipt of the income is considered probable,. ond • The amount can be measured reliably. income from grants is recognised when the charity has enfitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. f) Donated goods, services or facllities Donated goods. services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated goods, services or facilities are recognised on the basis of the value of the gift to the charity which is fhe amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. g) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank. h) Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at there discretion to Set aside to use for a specific purpose. Restricted funds are donation5 which the donor hos Specified are to be solely used for particular areas of the organisations work or for specific projects undertaken by the charity.
Page16 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 3 Accounllng Pollcles (Conlinued) i) Expendilure and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and fhe amounf of the obligation can be measured reliably. Expenditure is classified under the following activity heading: Expenditure on charitable activities include all relative costs to further the purposes of the charify and their associated costs. other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. J) Allocallon of support costs Support costs are those functions that assist the work of the charify but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the organisations projects and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. k) Operatlng leases The charify clossifies the lease of the building as operating leases. Rental charges are charged on a straight line basis over the term of the lease. l) Tanglble lixed assets Tangible fixed assets are capitalised, if they can be used for more than one year and cost at least £1,000. A full asset register is maintoined by the charity. Depreciation is calculated so as to wrrte off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Leasehold property improvements General Equipment Motor Vehicles 5 years straight line 5 years straight line 5 years straight line m) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. n) Cash In bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity or three months of less from the date of acquisition or opening of the deposit or similar account.
Page17 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 3 Accountlng Pollcles (Conllnued) o) Credltors and provlsions Creditors and provisions are recognised where fhe charity has a present obligation resulting from the past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligations can be measured or estimafed reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. p) Flnanclol Instiumenls A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised af the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured ot the cash or other consideration expected to be paid or received and not discounted. q) Penslons Employees of the charity are entitled to join a defined contribufion 'money pvrchose, scheme. The charity contribution is restricted to the contributions disclosed in note, 8. There were no outstanding contributions at the year end. The costs of the defined contribution scheme are included with the associated staff cost and allocated therefore to raising funds, charitable activities, support and governance cost and charged to the unrestricted funds of the charily. Pension costs charged in the Statement of Financiol Activities represent the contributions payable by the company in the year.
Page 18 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Legal status of the organlsatlon The organisotion is a company limited by guarantee and h05 no share capital. The liability of each member in the event of winding up 15 limited to £1. Donatlons 2024 Unrestrlcted 2024 Restilcted 2024 Total Screwfix Foundation Awards for All Goole Windfarm Cost of Living Do it for East Yorkshire Two Ridings Community Fund Drax Community Fund ER YC Bus Replacement Fund Do it for East Yorkshire Drax Community Fund Gilberdyke Parish Council 1.750 9.990 1,750 9,990 4,950 2.500 2,000 2,000 10,000 1,562 1,000 2,000 4,950 2,500 2,000 2,000 10.000 1.562 1.000 2.000 8,950 28.802 37,752 2023 Unrestricted 2023 Restricted 2023 Tofal Hull & East Riding grant Sir James Reckitt Charity Garfield Weston ERYC Hardship grant Charles & Elsie Sykes Trust ERYC quick fix grant Brelms Trust CIO grant 2,005 2.500 15.000 10,000 3,000 2.500 4,600 2,005 2,500 15,000 10,000 3,000 2,500 4,600 39,605 39,605 5 Income from charltable actlvltles 2024 Unrestilcted 2024 Restrlcted 2024 Total Fares Contioct Training 36,059 144,493 1,185 181,737 36,059 144.493 1,185 181.737 2023 Unrestricted 2023 Restricted 2023 Total Fares Contract Training 88,347 128,295 1,375 88,347 128.295 1.375 218,017 218,017
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Page 20 GOOLE AND DISTRICT commuNy TRANSPORT GROUP COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 An051$ ol expenditure on chariloble acllvlll85
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Page 21 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Net income/(expendlture) for the year 2024 2023 Thls Is stated otter charglng Operating leases - Premises Independent examiners, fees Pension costs 11,000 690 7.706 19,396 11,000 660 7.202 18,862 Analysls of staff costs and Irustee remuneratlon and expenses 2024 2023 Salaries and wages Social security costs Pensions 93.377 12.925 7,706 114,008 91,998 14,691 7,202 113.890 No employees had emoluments in excess of £60.00012023'. £60.0001. The charity trustees were not paid or received any other benefits in the year12023.' nil} neither were they reimbursed expenses during the year12023.' nill. No charity trustee received payment for professional or other services supplied to the charify12023: nill. staff Numbers The averoge monthly number of full-time equivalent employees (including casual and part time timel during the year was as follows: 2024 2023 Management and Govemance Support Project staff 10 Related party Iransactlons None of the trustees lor any persons connected with} received ony iemunerotion or travelling expenses during the year. Key management personnel include all persons that have authority and responsibility for planning. directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £33,27412023: £34,917). There were no other related party fransactions during the year12023: nil) 1 I Corporatlon Taxatlon The charity is a registered charity as such is exempt from fax on income and gains failing within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gain5 Act 1992 to the extent that these are applied to its charitable objects.
Page 22 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12 Tanglble assets Leasehold Property Improvem'ts General Computer MotOT Equlpment Equlpment Vehlcles Total Cost At l April 2023 Additions Disposals At 31 March 2024 21,649 572 4,371 58,190 31,495 84,782 31.495 21,649 572 4,371 89,685 116,277 De reclallon At l April 2023 Charge for year On disp0501 At 31 March 2024 15,155 4,330 467 53 3,175 426 35,390 11,999 54,187 16,808 19.485 520 3.601 47,389 70,995 Nel book valve At 31 March 2024 2.164 52 770 42,296 45,282 13 Debtors 2024 2023 other debtors 2,043 2,011 2,043 2,011 14 Analysls ol net assets behveen funds General Deslgnated Restrlcted Fund Fund Fund 2024 Total Tanglble flxed assets Bank Account Debtors Creditors 45,282 (8,222) 2,043 (5.562) 33.541 45.282 49.486 2,043 (5,562) 91,249 46.708 11.000 46.708 11,000 General Designated Restricted Fund Fund Fund 2023 Total Tangible fixed assets Bank Account Debtors Credilors 30,595 9,365 2,011 13,5441 38,427 30,595 56.470 2,011 13,5441 85,532 42,355 4,750 42,355 4,750
Page 23 GOOLE AND DISTRICT COMMUN'ITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15 Analysls of movement of funds Balance 01.04.23 Balance 31.03.24 Incomlng Outgolng Translers Unrestrlcted fund5 Deslgnaled Fund Restrlcted - Charles & El$le Sykes Trust Restrlcted - ERYC qulck Ilx grant Restrlcted - Screwflx Foundatlon Reslrlcted - Awards for All Restrlcted - Do It for Eo$t Yorkshlre Restrlcted - Drox Communlty Fund Re5trlcted - ERYC Bus Replacement Fund Resmcted Do It tor East Yorkshlre Restrlcted - Drax Communlty Fund 38,427 42,355 2,250 2,500 193.247 193.780 (4,353) 4,353 33,541 46.708 2,250 2,500 1,750 9.990 2.500 2,000 1,750 9,990 2.500 2.000 10,000 1.562 1.000 10,000 1.562 1,000 216332 Balance 01.04.22 Balance 31.03.23 Incoming Outgoing Transfers Unrestricted funds Designated Fund Restricted - Office refurbishment Restricted- Vehicle replacement fund Reslricled - Quick fix fund lor computers Restricted - Awards For All Restricted - Hull & Eost Riding Charitable Trust Restricted - Sir James Reckitt Charity Re5tricted- Garfield Weston Reslricled - ER YC Hardship grant Reslricled - Charles & Elsie Sykes Trust Restricted - ER YC quick fix granl Restricted - Brelm5 Trust grant 121,4831 14,525 10,824 34,500 1.987 5.819 219,880 169,422 9,451 27,830 16,4941 128,8(X)I 11,9871 38,427 42,355 4.330 5,700 5,819 2,005 2,500 15.000 i 0.000 750 2,005 .2,500 15.000 i 0.000 3,000 2,5CKI 4,600 2,250 2,500 259 485 220126 85,532 Name ol fund Descrlptlon, nature and purposes ol the fund Designaled Fund To cover all associated c05t5 for a three month period in the event that the chorily w05 to wind down and cease operations ERYC Bus Replacement Fund To contribute to Ihe cost of fleet replacement Drax Communily Fund To cover the 20th Anniversary AGM costs in August 2024
Page 24 GOOLE AND DISTRICT COMMUNITY TRANSPORT GROUP COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16 Operotlng leases The total future minimum lease payments under non-cancellable operating leases are as follows.. 2024 2023 Nol later than l year Later than l year ond not later than 5 yeors Later than 5 years ii.000 11.000 11.000 IT,000 22.000