COMPANY REGISTRATION NUMBER.. 04673954
CHARITY REGISTRATION NUMBER: 1102302
RAKAT CT LTD
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024

RAKAT CT LTD
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees. annual report (incorporating the directorfs report)
Independent examinerfs report lo the trustees
Statement of financial activitiès (including income and exp&nditure account)
stalemenl of financial position
10
11
Statement of cash flows
12
Notès lo the financial statements
13

RAKAT CT LTD
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, pi¢scnt their report and the unaudited
financial statements of the charity for the year ended 31 March 2024.
Reference and admln15trative detall8
Reglstered ch4rlty name
RAKAT CT LTD
Charlty registrarfon number
I 102302
Company reg15tratlon number
04673954
Princip#l offlee and reKlstered
offTrce
Liz Mills Depot
3? Wellington Crcscent
New Malden
Surrey
KT3 3NE
The trustees
Carolinc Charlton - Chair
Julia Thoit)as . Vice Chair
Stephen BAughan - Treasurer
Pairick Leaney
Susanna Bellino
Howard Gooder
Mustafa Vahdetlin
Julie Hitchcock
Cameron Smith
{Relired 7 November 2023)
(Retired 17 October ?023)
Key M4nagement Personnel
Nigel Newby
Chief F.xecutive Officer
Maria Sheridan-Loughrey Deputy Chief F.xecutive Officer
Robert Serrij
Operaiions Manager
Indépendent examlnér
Moh8n Kripalani
86 Onnond Drive
Hampton
Middlesex
TWI? 2TN
Structure? governante and management
Governlng document
The organisation is a charitable cornpany limited by guarantee, incorporatcd on 21 February 2U03 and regIst¢￿d as a
charity on l April 2004. The company was established under a Memorandum of Asgociation which established the
objects and powers of the charitable company and is governed under ils Articles of Association which were updated on
5 March 2013 for administrative purposes only using the Community Transport Associations model articles to include
the provisions of the Companies Act ?006 and accepted by the Charities Commissioft on 10 June ?013. In the event of
the company being wound up members are required to ¢ontribut¢ an arnount not exceeding £1 each. The C"harity
changed ils name on 2 December 2019. References to the 'Company' or the 'Charity' in these financial statements are
one and the sarne as with 'Directors or Trusiees,.

RAKAT CT LTD
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2024
Structurei governance and management fconiitiued)
Recruitment and appointment of the board of trustee5
The Articles of Asso¢i2tion require that the inembers of the Board are elected to serve for a period of one year after
which they must be re-elected at the Annual General Meeting.
The Charity seeks 10 ensure that the BoArd of Trustees have the diversity of skills necessary io fulfil their duties.
Trustees are also Directors of the Charity.
The Charity follows the Charity Commission guidelines when recruiting new Trustees. New Trustees who are
appointed during the year at specially convened General Meetings will be re-elccted at the Annual G¢neral Meeting.
Trustee indu¢don and tralnlng
All Trusiees are required to be familiar with the work of the Charity.
New Trnstees are asked to attend a short induction session with th¢ Ch8ir of the Board and the Chief Executivc of the
Lharity to understand the aims of the charity and the context within which it operates.
The main documents which set out the operational framework for the Charity are the Memorandum and Articles of
Association, a stratcgic plan, the latest publi¥hcd accounts, policies and procedures.
Rlsk management
Th¢rc is a Board subcoinmitiee with key members of the Manag¢Lneni team who meet regularly to aqqess the risks to
which the Charily is cxposed, in particular those relating to the operations and finattce and havc produced a risk
re8iSter which the Board of Trustees review at their quartcrly ineeling8. The major areas of risk of running a
community transport scheme are:
The replacement of our ageing fle¢l of vehicles and the assessment of the future requirements that will b¢
necessary to comply with the need of reducing ¢8rbon einissions and a greencr envsroninent.
Ensuring the prcmises are adequate to provide the services required at a reasonable cost for which we are
currently awaiting the ren¢wal of the lease.
Staff and volunteers are trained to deliver our services
Develop a su¢¢ession plan for key staff members,
That we have policies and procedures in place in order that we provide our services within current legislation.
This is espccially essential in relation to the risks surrounding health & safety.
Adequate funding is available to provide affordable transport for the Charitable and Statutory Organisations who
are our members.
Provide a good service to our members to avoidloss of reputation.
Ensuring that the maintenance of our buseg and the training of our drivers comply with appropriate legislation,
codes of good prdctice and maintain a high regard to health and safety.
Ensure our IT systems are appropriate for our operation, there are suitable backup options and the data is kept
securely.
Ensure we have sufficient Trustees to maintain a good Co4)orat¢ Governance structure

RAKAT CT LTD
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report) Icontlnuad)
Year ended 31 March 2024
Structhlrei governance and manAgement (eonlinuÉdJ
Organlsational strncture
The Charity has a Board of Directors / Trnstees of not less than 3 members who meet quarterly and are responsible for
the gtrategic direction and policy of the charity. The Board of Trustees has members from a variety of professional
backgrounds relevanl to the work of the charity.
The day-to-day responsibility for the provision of the services rests with th¢ Chief Executive Officer. Deputy Chief
Executive Ofyicer. Operations Manager and the Treasurer. The Chief Executive Officer and the Deputy Chief
Executive Officer are responsible for ensuring that the charity delivers the Services specified, that key perfomiance
indicators are met and adequate funding is available lo coniinue the operdlions. The Operations Manager has
responsibility for the day-to-day operational manageinent of the Charity. Individual supervision of the staff team
ensuring they continue to develop their skills and working practice5 in line with good practice are the joinl
responsibilities of the Chief Executive O￿l¢er and the Operations Manager. The Treasurcr in Conjunction with the
Chief Executive Officer and Deputy Chief Executive Officer have the responsibility of ensuring the financial stability
of the Ciwity.
Two sub committees cach chaired by one of our tTUSte¢s are in place io review risk management and to enhance our
public profile including our website to enable us to improve fundraising.
Related partles
If a member of the Board of Trustees has involvement with mcmber organis2tiong and a conflict of intere£t arises then
Ihat mcmber would be excluded from voling on such issues and should it be necessary excluded from relevani
meetings or refrain from the discussions.
There were no related poxty trans8eiions during the year that are not shown ¢lsewhere in the accounls.
ObJectlve8 and actlvltIe5
Purposes and Aims
Our charity's purposes are set out in the objects ¢ontained in the company's memorandum of association.
We aim to benefit the publi¢ by providing high quality accessible and afFordable transport services for the use of
charitable and community organisations based in the London Borough of Richmond upon Thames and thc Royal
Borough of Kingston upon Thames and surrounding area.
We continue to work in partner8hip with c)Iher orgoni%alions and eontittually lonk to develop project8 which provide
accessible and affordable transport services for individuals for whom conventionel transpon is either inA¢cessible or
inappropriate, ensuring the quality of delivery by the constant provision of support, training and infonnation and 10
develop other complementary services where local community need is identifled.
Ensuring our work delivers our #Ims
We continually review the work of the Charity to ensure it meets our aims. Annually we review what we have
achieved and the outcomes of our work and the success of each key activity and the benefits th¢y have brought to
those groups of people we are set up io help. This review ensures our aims. objectives and activities remain focused on
our slated purposes and reflect the changing needs and aspirations of the local community.
We have Teferred to the Charity Commission's 8eneral guidance on public benefit when reviewing our aiins and
objectives. and in planning our future a¢tivities. In particular, the Trustees consider how planned activities will
contribut to the aims and objectives they have get.

RAKAT CT LTD
Company Llmited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (Gontlnuedj
Year ended 31 March 2024
Objectives and actlvities (C04rytinued)
The focus of our work
Our main objectives for the year continued to be the provision of accessible transport resources and services.
To do this we operate a flecl of ininibuses the majority of which are fully acccssible. Some of the vehicles are owned
by user organisations and we make use of these for our own operations in their down lime.
We offer certificated MIDAS driver training and assessment; passenger asslslant training 15 also offered.
Our advice and infonnalion on transport related matters is often sought, liaising between the statutory and voluntary
s¢ctor with regard to transport initiatives and planning.
We supervise vehicle complianee and operate in partnership with other local agencies to develop local door to door
transport provision.
Those Ivho benefit from our servlce8
We provide affordable accessible transport to rcsidents of London Borough of Richmond upon Tharnes and thc Royal
Borough of Kingston-upon-Thames and surrounding &rea5.
Strateglc report
The following seciions for achicvcmcnts and perfornlance and financial revi¢w fomi the strategic report of the chariiy.
Achlevements and perforniAnee
Communlty transport oper4tlon
We are encouraged that the Community transport operations continue to recover After the pandemic with many of our
member ¢ominunity organisalions reactivating their own services and activities for their clients and therefore the need
For the requirement for community transport re-emerging.
Our funding support from the councils of the two boroughs of the Royal Borough of King.ston upon Thamcs and
London Borough of Richmond upon Thainc.q together with the two Charities of Hampton Fund and Richmond Pariqh
Land Charity has remained constant for which are grateful. Wiihoul this base thc recovery would have been Iiiore
difficult.
This year 125 (2023 - 119) voluntary and statutory organisations used our servi¢es.
The Vehicle fleet did complete 6,190 (2023 5,898) days/part days bookings cnabling 97,254 (2023 85,704)
passenger journeys.
During the year we trained and assessed 107 (2023 - 133) people to the nationally Tecognised and certificated MIDAS
standard.

RAKAT CT LTD
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrector's Raport) (contlnuad)
Year ended 31 March 2024
Aehlevements and performanee (eonlimm￿)
Capit41 proJe¢ts
We ¢Olliinue lo opernte and n￿Intain the three minibuses funded by FISH and two minibuses funded by Staywell,
Ihese are treated as Restricted funds.
FISH have started the process of replacing on¢ of the buses they usc for thc Ban)e8 and Mortlake Ente￿rise ￿hem¢
and h8ve contributed the deposit for the new minibus that we have ordered on their bchalf.
Funding has been r¢￿1Ved from the Victoria Fund towards the purchase of a new minibus for which are very grateful.
Partnershlp & Enterprise Seheme$
We continue our successful partnership working with other cornmunity and voluntary organisations to 5UPPOrt the
local communities in their own areas,
Since 2001 we have worked with Hampton and Hampton Hill Voluntary Carc a local Charity supported by London
Borough of Richmond upon Thames in a project known as Hainpton F.nterprise. This combines a community car
scheme, shopping buses and a plus bus .8ervice offering door to door transport services. This service continues to
provide a weekLy transport servicc to a club for those with Icarning diEficuliics known as thc Gaieway Club a daily
transport service 10 Elleray HHII elderly persons day centre, Linden Hall Day Centre, Homelink Day Centre. weekly
shopping service and social outings.
Since 2005 we have worked with FISH a local Charity supportcd by London Borough of Richmond upon Thames in
project known as Barnes Mortlake and East Shcen Enterprise. This ¢ombines a coinmunity car scheme. plus bus
service providing weekly tronsport shopping service. 8ocial excursions and transport to activities. clubs and special
events for the elderly, frail and those with inobility problems. Over the years due to an increase in deii)and FISH have
purchased two additional buses through us and they have increased the staff capacity to satisfy ihese needs.
We operate vehicles for Staywell and Ham SOS ensuring that they comply with all legal and safety requiremcnts.
Staywell use buses from our fleei to transport their elderly, frail and those with mobility problems to their day centre.
Prem15es
Thc current negotiation with our landlords the Royal Borou¥h of Kingston upon Thames who also Supply funding and
have offered us a lease from thc 25 March ?0?3 with a rent-free period from the expiry of Ihc old lease on ?0 July
20?0 is awaiting finalisAtion. The accrued cost of this rent-free period w8s released as a grant froin thc Royal Borough
of Kingston upon Thames last year and we have accrued the outstandit)g rent for this financial year.
We have accepted this offer and continue to await the fonnal documentation to be completed.

RAKAT CT LTD
Company Limited by Guarantee
Trustees. An nual Report (Incorporatl ng the Director's Report) (contlnued)
Year ended 31 March 2024
Flnanclal revlew
Results for the period
Restrlcted Funds
Revenue from ihe London Borough of Richmond upon Thames administered by Age UK Richmond Services Ltd, the
Royal Borough of Kingston upon Thames some of which in the previous year was administered by Staywell. Hampton
Fund and Richmond Parish Lands Charity to subsidise the core staff Costs amounted to £91.411 (2023 - £87.033).
The Hampton Enterprise s¢heme re￿iVed £117,784 (2023 £118,030) in revenue including fares £5.282 (2023
£10.735) and funding from London Borough of Richmond upon Thames £112,501 (20?3 - £107,?951 which cover the
costs of drivers, a co-coordinator. a supervisor and the running costs of the rninibuses provided.
The Barnes & Mortlake Enterprise scheme received £76,138 (2023 £71,279) in revenue including fares £18,693
(2023 £16,493) and funding from London Borough of Richmond upon Thames £57,445 12023 £54,786) which
cover of the cost of drivers and the vehicle running costs of ihe minibuses any addiiional costs are funded by our
partner organi8ation FISH who record those costs in their own ac£ounls.
The Staywell capital funding for two minibuses continueg to be in place and the fund is reduced by the annual
depreciation of £1,350 (?023 L?,015) and the remaining balance which represents the Net book value of these assets
is £2,742 and considered to bc a fair repreSen￿tIOn of the market value.
During the yeAr the Barnes and Mortloke Enterprige Capital funding received a contribution from FISH of £21,3?O as a
deposit for a new minibus which has yel to be delivered this is in addition to the three minibus¢s th¢y already fund.
The cutTent minibuses are charged an annual depreciation of £5,836 (2023 £8.710). The balance ¢atTied forward of
£33,165 includes the deposit and the remaining nel book value of £1 1,845 of the three minibus and considered to be a
fair representation of their inarket value.
We received fund8 towllrd the purchase of a ininibus costing £56.?23 {?073 £53,938) from the Victoria Fund of
£20.000 12023 £25,000) and thc Han)pton Fund £nil (20?3 £22,000). Deprecialion on the vehicle was £18,554
(2023 - 17,999).
Tr4n$fer of fund8
We have rcccivcd funds as a contribution to buy a minibus whi¢h was purchased during the year and the cost of Ihe
minibus is in excess of the contribution therefore we have satisfied the requirements of th¢ restriction. The restricted
nd re¢eives the grant in the year and is eharsed the annual depreci8tion leaving a bglance of £1.446 (2023 £?9,201)
to be transferred to unrestricted funds.

RAKAT CT LTD
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report) (eontlnuod)
Year ended 31 March 2024
FinanelAI revlew {coniintse4)
Unrestricted Funds
Income from the use of the buses was £332,423 (2023 £225,472). 2tfiliation fees, driver training was £4,209 (2023
£3.367). donations including gift Rid was £4,995 (2023 £14,918). interest receivable £5.1 ?6 (2023 £1,606). gains on
the disposal of a minibus including the scrappage scherne grant wag £6,913 (?023 £651) and the rent free grant from
Royal Borough of Kingston upon Thames of £Nil (?0?3 - £38,556). The total unrestrieted in¢ome amounted lo
£353,666 (?023 £284,570). Expenditurc was £354,798 (2023 £263,710) which resulted in a nei expenditure of
£l,13? (?023 £?0,860 net incorne) of which £35,l46 (2023 £34,892) is dcpreciation. A summary of other
expenditure 18 shown in note 10 to these accounts.
The totsl unrestri¢ted funds carried forward are £442,900 (20?3 - £442,586).
Tot41 Funds
Our total reserves have increased by £14,448 to £478.807 and the ¢ash at bank of £332,210 which is after purchasing
the new ininibus and disposing of one which no longer rcliable.
Reseryes Pollcy
The Truste¢s continuAlly review the re$eTvcs policy lo detemiinc the Icvel of free unrc¥trictcd funds needed to
Inaintain the organisalion's activities for A suEfi¢ient period to ensure Continuily if funding froin cxternal sources
should Ceasc or be seriously curtailed. Currently our free reserve8 are £333,872 (Unrestricted current assets £441,740
less unreslri¢ted creditors falling due within one year of £107.868) and one-month'8 expcnditure is £50,415 {tolal
annual expenditure £665,871 less depreciation of £60,885) which is 6 months. The Board of Trustees continue to
Tccognise the need to replace the fleet and continue to considcr the ¢urr¢nt working capital requir¢mcni should be 4
months. Therefore, 4 months annual ¢xpendilure is £201,660 (2023 £168,388) which could allow £13? ?1 ? {?023
£167,?17) for investment in new minibuses.

RAKAT CT LTD
Company Limited by Guarantee
Trustees. An nual Report (Incorporati ng the Director's Report) (contlnued)
Year ended 31 March 2024
Plans for future periods
The continuing aim of the Charity is to supply good economical accessible comrnunity transport to the Voluntary and
Cominunity Groups within the London Borough of Richmond upon Thames and ihe Royal Borough of Kingston upon
Thames. In order to do this we will need 10:
Tncrease our trading and increase the nuinber or community, voluniary and siatulory organisations ihat are
member to ensure that we rnore sustainable for the future
Continue working in partnerships and develop projects which provide accessible and affordable servtces for
individuals for whom ¢onvcntional transport provision is either inaccessible or inappropriate.
Maintain the quality of delivery by offering support, training and inforn)ation to our membcrship.
MAinlain our core funding whilst keeping our charges at a level that is affordable to our client base many of
whom are also Charities and ur8e our lo¢al Counoils to maintain their valued support.
Ensure that premises are available to ¢oniinue to deliver affordable Communily Transport and get more cert4inly
with a new lease.
Work in partnership with other charitable organisations within the Boroughs we are negolialing contra¢is to
deliver services 10 statuiory organisations providing new in¢ome sour¢¢s to ensurc the sustainability of the Charity.
Increase our public profile and seek to get further funding to enable us lo replace our aging fleet with greener
alternative8 for which we need to get a better understanding of th¢ alternatives and thc tiining of when they might
become available at an affordable cost. In the meantime we need to keep our ell￿¢nt fleet in the best ¢ondition until
funding Can be obtaincd.
Maintain and increase our awAreness of our legal obligations especially those of Health & Safely and the work
environment of employeeg & volunteers.
The trustees, annual report and the stral¢gic ￿port were approved on 12 September ?024 and signed on behalf of the
board of trustees by..
Stephen Baughan - Treasurer
Trustee

RAKAT CT LTD
Company Llmited by Guarantee
Independent Examlner's Report to the Trustees of RAKAT CT LTD
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of RAKAT CT LTD ('the charity,) for th¢ year
ended 31 Mareh 2024.
Responsibilities and bA&15 of report
As the injstees of the company (and also its directors for the purposes OF company law) you are responsible for the
preparation of the financial statements in accordance wilh the requiremenis of the Companies Act ?006 ('the 2006
Act'l.
HAving satisfied myself that the a¢counls of the company are not r4uired to be audited under Part 16 of the 2006 Act
and are eligible for independent examination. I report in respccl of my examination of the charity'8 accounts as carried
out under section 145 of the Charities Act ?01 l ('th¢ 201 l Act,). In ¢arrying out iny examination I have followed the
Directions given by the Charity Coinmission und¢r section 145(5)(b) of ihe 201 l Act.
Independent examlner's statement
Since the charity's gross incomc cx¢eeded £?50,000 your ¢xainincr musl be a inciiiber of a body lisled in section 145
of the 201 l A¢t. I confm that I am qualificd to undcrtake the exaininaiion bccause l ali) a member of thc Institute of
Chartered A¢¢ountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confm that no matters have come lo rny atteniion in connection wilh the
exainination giving me cause to believe..
accounting records were not kept in respecl of the charity as required by section 386 of the 2006 Act,. or
the financi81 statements do not a¢¢ord with those records; or
the financial statements do not comply with the accounting requirements of seciion 396 of the 2006 Act
othcr than any requirement thai the accounts give a 'truc and fair, view which is noi a matter considered as
part of an independent examination. or
the financial statements have not been prepared in ac¢ordanee with the methods And principles of the
Statemcnt of Recornrnended Practice for accounting and reporting by charities applicable to charities
prcparing their accounts in accordancc with the Financial R¢porting Standard appli¢ablc in the UK and
Republi¢ of Ireland (FRS I O?).
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 ¢nabl¢ a proper understanding of Ihc accounts to bc rca¢h¢d.
Mohan Kripalani
Independcnt Examiner
86 Omond Drive
Hampton
Middlesex
TW12 2TN

RAKAT CT LTD
Company Limlted by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds
2023
Unrestricted
funds
Total funds
Total fijnds
Note
Income and endowment5
Donations and legacies
Charitable activities
Inveslmcftt income
Other income
4.995
336,632
5,126
6,913
4.995
663,285
5,126
6,913
14,918
590.737
1.606
651
3?6,653
Total Income
353.666
326,653
680,319
607.91?
Expendlture
r,xpcnditure on churitable activities
9,10
(354.798)
(311,073)
(665,871)
(568.576)
Total expendlture
(354,798)
(311,073)
(665,871)
(568.576)
Net Income
(1,132)
15,580
14,448
39,336
Transfers between funds
1,446
(1,446)
Net movement In fundy
314
14.134
14,448
39.336
Reeonellllltlon of funds
Total funds brought forward
442.586
21,773
464.359
4?5,0?3
Total funds carrled forward
44?,900
35.907
478007
464.359
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 13 to 22 forni part of these financial statements.
10

RAKAT CT LTD
Company Llmited by Guarantee
Statement of Financlal Position
31 March 2024
2024
2023
Nota
Fixed assets
Tangible fixed assets
16
123,615
1 ?8,754
Current a8sets
Debtors
Cash at bank and in hand
17
130,850
332,210
65.008
352.535
463,060
417.543
Credltors: amounts falling due within one yeAr
Net current a8setS
18
(107,868)
(81,938)
35S,192
335,605
Total a55ets less Current IIAbllltles
478,807
464,359
Net assets
478007
464.359
Funds of the ch4rlty
Restricted funds
Unr¢stricled funds
35.907
442,900
2l,773
442,586
TotAI charlty funds
20
478,807
464,359
For the year ending 31 March ?0?4 the charity was entiilcd lo exemption froin audit under seclkon 477 of the
Loinpanies Act 2006 rclating to sinall companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in
question in accordance with section 476;
The directors acknowledge their responsibilities for complytng with the requirements of the Act with respect to
accounting records and the preparaiion of financial ststements.
These financial 8tatement5 have been prepared itt accordance with the provisions applicable io companies subjecl to
the ginall companies, regim¢.
These financial slalements were approved by the board of trustees and authorised For issue on 12 September ?0?4, and
are signed on behalf of the board by-
Stephen Baughan - Treasurer
Trustee
The finan¢ial statemenls are prepared in accordance with the special provisions of part 15 of the Companies Act 2006
relating to small companies.
The notes on pages 13 to 22 form part of these financial statements.
11

RAKAT CT LTD
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operatlng activities
Net income
14,448
39.336
Adjustmentsfor..
Depreciation of tangible fLxed aqsets
Other interesi receivable and Sllnilar income
Gains on disposal of tangible fixed assets
Accrued expense￿(lA¢0mC)
60,885
(5,126)
(6,913)
5,331
63,416
(1,606)
(651)
(16.387)
Chan£es ix..
Trdde and oiher debtors
Trddc and other creditors
(65,842)
20,599
(9,305)
(52.145)
Cash generated from operations
23,382
22,658
Interest received
5,126
1,606
Net cash from operating activities
2¥,508
24,264
Cash flows from Investlng a¢tlvltle$
Purchase of tangible assets
Proeeeds from sale of tangible assets
Net cash used in investing activities
(56,223)
7,390
(53,938)
834
(48,833)
(53,104)
Net de¢rca5e In cash and cAsh equlvalent5
Cash and cash equlv&lents at beginning of yeAr
Cash and cash equlvalents Af end of ye4r
(20,325)
352,535
(28,840)
381.375
332,210
352.535
The notes on pages 13 to 22 form part of these financial statements.
12

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General Informatlon
The charity is a public benefit entity and a private ¢ompany limited by guarantee. registered in England and
Wales and a registered charity in England and Wales. The Address of the registered office is Liz Mills Depot, 32
Wellington Crescent. New Malden, Surrey. KT3 3NE.
StAtement of compliAnee
These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard
applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and
Republic of Ireland (FRS 102) (Charities SORP (FRS 10?)) and the Charities Act ?01 l.
Accountlng pollcies
Ba51s of prep%rarfon
Th¢ financial statcmenls have bcen prepared in accordance with Accounting and Reporting by Charilics..
Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IfRS LO?) (effcrlive l January
2015) - (LhArilies SORP (FRS I O?)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Companies Act 2006.
RAKAT CT LTD meets the definition of a public benefit entity under FRS 10? Assets and liabiliiies are
initially recognised al historical cost or transaction value unless otherwise sts(ed in the relevant accounting
policy noie(s).
TAxAtion
The ¢haritable company is a charity within the definition of section 467 Corporation Tax Aet 2010 and is
therefore able to take advantage of the exemptions given by sections 485 and 486 of that Act. Accordingly* ihere
is no Corporation Tax chargc in these accounts.
Pen$lon Pollcy
The charity contribules lo individuals Stake holder pension schemes to the value of 80/0 of .4alary. The
contributions included in the Statement of Financial Activities when they fall due.
Contributions to d¢fin¢d contribution plans are rwogni5ed as an expense in the period in which the related
$ervice is provided
Golng concern
The finencial statements are drawn up on the going con¢ern basis which assumes RAL4T CT LTD will
continue in operdtional existence for the foreseeable future, being a period of 12 months from the date of
approval of these financial statements. The Board have given due consideration lo the working capital and cash
flow requirements of RAKAT CT LTD. The Board consider RAKAT CT LTD current and forecast cash
resources to be suffi¢ienl to cover the working capital requirements of the charity for the foreseeable future.
13

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
A¢¢ountlng policies (contimtsed)
Judgements and key sourees of estimation uncertainty
The preparation of financial statements in conforniity with Charities SORP (FRS 10?) requires the trustees to
make judgements. estimates and assumptions that affect the application of policies and reported amounts of
assets and liabilities, in¢ome and expenses. The estimates and associated assumptions are based on historical
experience and various other factors that are believed to be reasonable under the circumstances, the results of
which fomi the basis of making the judgements aboui Carrying values of assets and liabilities that are not readily
appatEnl from other sources. Actual results inay differ from these estimates.
Fund accountlng
Unrestri¢ted funds are available for usc at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unreslri¢ted fijnds earniarked by the trustees for particular future project or coinmitinent.
Restricted ￿ttds are subjected to restrictions on their expenditurc declared by Ihc donor or through the tem)s of
an appeal, and fall into one of two sub-¢14sSe5: restricted incorne funds or endowment funds.
Incomlng resource5
All incoming re8ourees are included in the statement of financial a¢tivilics when cntitlement has passed lo the
charity- it 18 probable that the economic bencfits associated with the transaction will flow to the charity and the
arnount Can be reliably measured. The following specific policies are applied to particular categoricq of in¢oine'.
income from dottations or grants Is recognised when there is evidencc of cntitlement to the gift, receipt is
probable and it8 Amount can be measured reliably.
no amounts are included for the contribution of general volunteers.
incoine from grants for the supply of services is recognised with the delivery of the required service. These
are classified as restricted funds as there 15 a contractual requircment for it to be spcnt on a particular
purpose and rcturned if unspenl.
Income is stated na of VAT
Resources expended
Expenditure is reeognised on an accrn81s basis AS 8 liability is incurred. Expenditure inclLbdes any VAT which
cannot be fully recovered, and is classified under headings of th¢ statement of financial a¢tivilie8 to which il
relates:
expenditure on charitable Activities includes all Costs incurred by a charity in undenaking activities that
further its charitable aims for the benefit of lis beneficiaries. including those support costs and costs relating
to the governance of the charity apportioned to charitable activities.
other expenditure irteludes all expenditure that is neither related io raising funds for the charity nor part of
its expenditure on charitable activities.
14

RAKAT CT LTD
Company Limlted by Guarantee
Notes to the Financial Statements fcontlnued)
Year ended 31 March 2024
A¢countlnE pollcles (eottilnued)
Tangible assets
All fixed assets are initially recorded at Cost.
Flxed asseti ¢Aplta115ation
Tangible fixed assets are stated al cost or valuation less depreciation. Fixed assets costing more than £ 1,000 are
capilalised wher¢ they are not replacements of assets previously capilaltsed.
Depreelatlon
Deprcciation is calculated so as to write off the cost or valuAtion of an asset, less its residual value, over the
useful economic life of that asset as follows:
Motor Vehicles
Equipment
330/0 reducing balance
33 /0 Straight line
Impalrment of flxed assets
Fixed asscts are Subject to review for impaim]ent when there is an indication of a reduction in their caTryin8
value. Any impainncnt is recognised in the year in which it occurs in the corresponding Siatement of Financial
Activities category.
Flnanclal Instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as basi¢ financiAI
instruments. Basic financial inslrnmenls are initially recognised at transaction value and subsequently ineasured
at their settlement valuc.
Debtor8
Debtors are recognised init1211y at the trangaciion price. They are subsequently measured al amortised cost, les8
provision for impaimient. A provision for the impaimient of debtors is established when there is objective
evidence that the ¢haritable company will not be able to collect all amounts due according lo the original terms
of the debt.
C45h at bank In hand
Cash at bank and cash in hand includes cash and short tern] highly liquid investments with a short inaturity of
thffe months or less from the date of acquisition or opening of the deposit or similar account.
Credltors
Creditors are recognised where the charitable eornpany has A present obligation resulting from a past ¢vent ihat
will probably result in the transfer of funds to a third party and the amount duc to settle the obligation can be
measured or estimated rcliably. Creditors and provisions are nom)ally re¢ognised at their settlement amount
after allowing for any trade discounts due.
Leases
Leases in which substantially all risks regards ownership are retained by the lessor are classified as operating
leases. Payments made under operating leascs are charged to the statement of fman¢ial activiues on a straight
linc basis over the period of the lease.
15

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financlal Statements (contlnuad)
Year ended 31 March 2024
Limited by guArantee
The members of this organisation are the Charity Trustees who have ¢ominitted to the guarantee of £l upon the
dissolution of the Charity. The members, details are maintained at the operational addrcss.
Donatlons and leEaeies
Unrestri¢ted Total Funds
Funds
2024
Unrestricted
Funds
Total Funds
2023
Donatlons
General donations
Gift Aid
4.095
900
4,095
900
14.105
813
14,105
813
4.995
4,995
14.918
14,918
Charitable aetlvltIes
Unresiricied
Funds
Restricted Total Funds
Funds
2024
Income froin the use of the buses
AtTiliation fee5 driver training
Royal Borough of Kingston upon Tharnes
Hampton Fund
Richmond Parish Lands Charity
Royal Borough of Kingston upon Tharnes administered by
Staywell
Royal Borough of Kingslon upon Thames
The Victoria Foundation
FISH
London Borough of Richmond upon Thames administered by
Age UK Richmond Services Ltd
332.423
4,209
?3,975
356,398
4,209
14,300
11,000
14,300
i 1,000
32,000
20,000
21,320
32,000
20,000
21,320
204,058
204,058
336,632
326,653
663,285
16

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Flnanclal Statements (contlnu•d)
Year ended 31 March 2024
Charltable actlvlttes (conlinued)
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Income from the use of the buses
Affiliation fees driver training
Royal Borough of KingstOD upon Tharnes
Hainpton Fund
Richmond Parish Lands Charity
Royal Borough of Kingston upon Thames administered by
Staywell
Royal Borough of Kingston upon Thames
The Victoria Foundation
FISH
London Borough of Richmond upon Thames administered by
Age UK Richrnond Services Ltd
225,472
3,367
38,556
27,228
252,700
3,367
38.556
34,500
10,000
34,500
10,000
32,000
32,000
25.000
25.000
194,614
194.614
267.395
323.342
590,737
Investment Income
Unrestricted Total Funds
Funds
2024
Unregtiicted
Funds
Total Funds
?023
Bank interest receivable
5,126
5,126
1,606
1.606
Other Income
Unrestricted Total Funds
Funds
2024
Unrestricted
Funds
Total Funds
20?3
Gain on disposAI of tangible fixed assets
held for charity's own use
6,913
6,913
651
651
Expendlture on ¢harltable aedvltles by fund type
Unrestrieted
Funds
Restricted Tot91 Funds
2024
CorniDunity Trnnsport Operations - Unrestricted
Community Transport OperatLOttS - Restricted
Support costs
352,798
352.798
311,073
2,000
311,073
2,000
354,798
311,073
665,871
Unrestri¢l¢d
Funds
R¢5trirted
Funds
Total Funds
2023
Community Transport Operntions - Unrestricted
Community Transport Operations - Restricted
Support costs
26l,7lO
261,710
304.866
2,000
304,866
2,000
263.710
304,866
568.576
17

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Flnancial Statements (contlnued)
Year ended 31 March 2024
10. Expendlture on charltable actlvltles by activlty type
Analysis of Community Transport Operations Expenditure - Unrestrlcted
2024
2023
Salary, National Insurance and Pension
Depreciation
Vehicle Running Costs
Training & Conferences
Premises Costg
Administrative Expenses
180,208
35,146
96,840
1,210
15,931
23,463
104,335
34,89?
83,690
36
16,924
21,833
352,798
2,000
Support Costs - Independent Examination Fee
261,710
2,000
354,798
263.7lO
Analysis of Community Transport Operations Expenditure - Restrlcted
2024
2023
Salary. National Insurance and Pension
Deprcciation
Vehicle Running Cosis
228,262
25,739
57,072
?14,417
2S.524
61.925
311,073
304.866
11. An4lysls of support Cogtg
Thcrc are no support costs as such the £2.000 (2023 £2,000) represents the fees payable for the independent
examination of the financial statemcnts.
12. Net Income
Net income is stated after charging/(crediting)'.
2024
20?3
Depreciation of tangible fixed assets
Gain5 on disposal of tangible fixed asseis
60,885
(6,913)
63.416
(651)
13. Independent ex&mination fees
2024
2023
Fees payable to the indcpendent exaininer for..
Independent examination of the financial stateinents
2,000
2,000
18

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Fi nancial Statements fcontlnued)
Year ended 31 March 2024
14. Staff costs
The total staff costs and employ¢¢ benefits for ihe r¢porting period are analysed as follows:
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
357J85
23,396
27,689
?8 1,76?
16.554
20,436
408,470
3l8,75?
The key management personnel of the charity compri8¢ the t￿stee8. the Chief Executive Officer, Deputy c.hief
Executive Officer and the Operations Manager. The total employee benefL(s of the key ittanagemeni personnel
were £122,686 (2023 - £1 I5,365).
The average head count of employees during the year was l9 (2023: 16). The average number of ￿ll-tiMe
equivalent employees during the year is analysed as follows..
2024
2023
Number of Operational Staff (FTE)
12
No employee receivcd employee benefits of more than £60,000 during the year (2023.. Nil).
15. Trustee remuner2tlon and expenses
No remuneration or benefits have been paid to any rnember of the Board of Trusiees during the period for their
dulics as a Irustce.
However, as pennitted by Section 185 of the Charities Act 2011, the treasurer has not charged for his
accouniancy 8ervices as he did this on a voluntary basis in the current year and in 2023 he charged £520. The
Treasurer's reirnbursed Computer Expenses were £2,?80 (2023 - £2,200).
16. Tanglble flxed o88ets
Motor vehicle5
F.quipment
Total
Cost
At l April ?023
Additions
Disposals
At 31 Mar¢h 2024
1.179.915
56.223
(17,500)
16,018
1,19S,933
(17,500)
1,218,638
16.018
1,234,656
Depreclatlon
At l April 2023
Charge for the year
Disposals
1.051.161
60,885
(17,023)
16.018
1,067,179
60,885
(17,023)
At 31 Mareh 2024
1.095,0?3
16.018
1,111,041
CarrylnE amount
At 31 Marrh 2024
123,615
123,615
At 3 l March 2023
1?8,754
128,754
19

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
17. Deb¢or5
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
52,155
48,182
30,513
18,644
34,998
11,366
130,850
65.008
18. Credltors: amounts falling due within one year
2024
2023
Payments received on account
Trade creditors
A¢¢ruals and deferred income
So¢ial security and oth¢r taxes
Grants in 2dvance
Deferred income
Other creditors
8,000
16,609
59,169
7,651
11,220
8,000
8,1?8
53,838
6,066
1.500
4,406
5,219
107,868
81.938
19. P¢nslon8 and other posr retlrement beneflts
Defined eontrlbutlon plAn8
The amount rccognised in income or expenditure as an expense ift r¢lation lo defined contribution plans was
£27,689 (20?3.. £?0,436).
20. Analysls of charltable funds
Unrestrlcted funds
At
Transfers 31 M2r¢h 2024
At l April 2023
Incorne
Expenditure
General funds
442.586
353,666
(354,798)
1.446
442,900
At
Transfers 31 March 20?3
At l April 2022
Income
Expenditure
General funds
392,525
284,570
(263,710)
29,?01
442.586
20

RAKAT CT LTD
Company Limlted by Guarantee
Notes to the Flnancial Statements {contlnued)
Year ended 31 March 2024
20. Analy$55 of Charitable funds (conllnMÉd)
Restricted funds
At
Transfers 31 Mareh 2024
At l April 2023
Income
Expenditure
Hampton Enterprise
Scheme
Barnes & Mortlake
F.nterprise Scheme
Staywell Capital Funding
FISH Capital Funding
Capital Funding for Minibus
purchage
Grant funding for statT
117,784
(117.784)
76,138
(76,138)
(1,350)
(5.836)
4,092
17.681
2,742
33,165
21,320
20,000
91.411
(18,554)
(91,411)
(1,446)
21.773
326,653
(311,073)
(1,4461
35,907
At
Transfers 31 March 2023
At l April ?022
Income
Expenditure
Harnplon Entery)rise
Scheme
Barn¢s & Mortlake
Enterprise Scheme
Staywell Capital Funding
FISH Capital Funding
Capital Funding for Minibus
purchase
Grant funding for staff
118,030
(118.030}
71,279
(71.279)
(2,0151
(8,7lOI
6.107
26,391
4,092
17,681
47.000
87,033
(17.799)
(87.033)
(29.2011
32,498
323,342
(304,866)
(29,2011
?1,773
Purposes of Restrlcted Fund
Fish & Sta)ryvell Capital Fundlng
This income has been received from partnership organis8tions to purchase minibuses for specific purposes and
whcn the arrangement ceases the minibuses or their market value will be returned to the partnerghip
organisation8.
Hampton Enterpr15e scheme
This is a scheine which has been set up with Hampton and Hampton Hill Voluntary Care to run a minibus
service in local areas in the London Borough of Richmond upon Thames with the financial support of the
Council as part of th¢ CILS (Community Independent Living Service) partnership.
Bgrne5 and Mortlxke Enterprise seheme
This s¢herne has been set up with FISH to run a minibus service in local areas in the London Borough of
Richmond upon Thames with the support of the Councils part of the CILS (Community Independent Living
Service) partnership.
Capital Funding for Minibus Purchase
This is funding has been received from The Victoria Fund to assist with thc purchase of a new minibus.
Staff fundlng
These funds received from our principal funders to cover a proportion of staff Costs have been restricted by those
funders for this purpose. Any additional staff costs are charged against unrestricted funds.
21

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
21. Analysls of net a95et5 between funds
Unrestricted
Funds
Restricted Total Fund5
Funds
2024
Tangible fLxed asscts
Current assets
Creditors less than l year
Net A$%et
109,078
441,740
(107,868)
14.587
21.3?0
123,615
463,060
(107,868)
442,900
35,907
478,807
Unrestri¢ted
Funds
Restricted
Funds
Total Funds
Tangible fixed assets
Current assets
Crcditors less than l year
Net Assets
106,981
417,543
(81.9381
21,773
l?8,754
417,543
(81,938)
442.586
?1.773
464.359
22. An4ly81s of changes in net debt
At
31 MAr 2024
At l Apr ?023 Cash flows
Cash at bank and in hand
352,535
(?0,325)
332,210
23. Capltal commltments
Currently we have a deposit for the purchase of a ncw minibus of £21,320 shown as a prepayment for which the
remaining value would be a furthcr £85,280 for which we would r¢¢laiin £17,767 of VAT.
24. Related pArtles
Apart from the accountancy servi¢es supplied by the Treasurer the details of which are shown in note 15 there
are no related party transactions.
22