COMPANY REGISTRATION NUMBER: 04673954
CHARITY REGISTRATION NUMBER: 1102302
RAKAT CT LTD
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025

RAKAT CT LTD
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
10
Statement of financial activities (including income and expenditure account)
11
Statement of financial position
12
Statement of cash flows
13
Notes to the financial statements
14

RAKAT CT LTD
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
Th¢ trustees, who are also the directors for th¢ Pu￿OseS of company law, present their report and the unaudited
financial statements of the charity for the year ended 31 March 2025.
Referenee 2nd administrative details
Registered charity name
RAKAT CT LTD
Charity registration number
1102302
Company registration number
04673954
Principal office and registered
office
Liz Mills Depot
32 Wellington Crescent
New Malden
Surrey
KT3 3NE
The trustees
Caroline Charlton - Chair
Julia Thomas - Vice Chair
Stephen Baughan - Treasurer
Caroline Bayly
Susanna Bellino
Howard Gooder
Mustafa Vahdettin
Julie Hitchcock
(Appointed 18 March 2025)
(Retired 20 November 2024)
(Retired 20 November 2024)
Key management personnel
Nigel Newby
Chief Executive Officer
Maria Sheridan-Loughrey Deputy Chief Executive Officer
Robert Serrij
Operations Manager
Independent examlner
Mohan Kripalani
Structure9 governance and management
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 21 February 2003 and registered as a
charity on l April 2004. The company was established under a Memorandum of Association which established the
objects and powers of the charitable company and is governed under its 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 2006 and accepted by the Charities Commission on 10 June 2013. In the event of
the company being wound up members are required to contribute an amount not exceeding £1 each. The Charity
changed its name on 2 December 2019. References to the 'Company' or the 'Charity' in these financial statements are
one and the same as with 'Directors or Trustees,.

RAKAT CT LTD
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2025
Structureg governance and management (coiilinued)
Recruitment and appointment of the board of trustees
The Articles of Association require that the members 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 to ensure that the Board of Trustees have the diversity of skills necessary to 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 Trustees meetings and will be re-elected at the Annual General Meeting.
Trustee induction and training
All Trustees are required to be familiar with th¢ work of the Charity.
New Trustees are asked to attend a short induction session with the Chair of the Board and the Chief Executive of the
Charity 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 provided to new Trustees. These
are the Memorandum and Articles of Association, a strategic plan, the latest published accounts and other policies and
procedures.

RAKAT CT LTD
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Structureg governance and mAnAgement (continued)
Risk management
There is a Board subcommittee with key members of the Management team who meet to assess the risks to which the
Charity is exposed and create a risk register for review at Board meetings.
The major areas of risk when running a community transport organisation are:
The need to replace our ageing fleet of vehicles, along with possible future government requirements to use
electric powered vehicles in order to reduce carbon emissions. Without suitable grant funding or direct subsidy this
could result in our Charity being unable to continue.
Ensuring the premises are adequate to provide the services required at a reasonable cost for which we are
currently awaiting the renewal of the lease.
Staff and volunteers are suitably trained to deliver our services.
Develop a succession plan for key staff members.
That we have policies and procedures in place and follow good practice guidelines to ensure that we provide our
services within current legislation ,especially in relation to health & safety, so that our buses are well maintained and
our drivers are appropriately trained.
Adequate funding is available to provide affordable transport for the Charitable and Statutory Organisations who
are our members.
Maintain our reputation of providing a good service to our members.
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 Corporate Govemance structure.
Organisational structure
The Charity has a Board of Directors / Trustees of not less than 3 members who meet quarterly and are responsible for
the strategic direction and policy of the charity. The Board of Trustees has members from a variety of professional
backgrounds relevant to the work of the charity.
The day-to-day responsibility for the provision of the services rests with the Chief Executive Officer, Deputy Chief
Executive OITicer, 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 performance
indicators are met and adequate funding is available to continue the operations. The Operations Manager has
responsibility for the day-to-day operational management of the Charity. Individual supervision of the staff team
ensuring they continue to develop their skills and working practices in line with good practice are the joint
responsibilities of the Chief Executive Officer and the Operations Manager. The Treasurer in conjunction with the
Chief Executive Officer and Deputy Chief Executive Officer have the responsibility of ensuring the financial stability
of the Charity.
Two sub committees each chaired by one of our trustees are in place to review risk management and to enhance our
public profile including our website to enable us to improve fundraising.

RAKAT CT LTD
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2025
Structure? governance and management (conliiiued)
Related parties
If a member of the Board of Trustees has involvement with member organisatlons and a conflict of interest arises then
that member would be excluded from voting on such issues and should it be necessary excluded from relevant
meetings or refrain from the discussions.
There were no related party transactions during the year that are not shown elsewhere in the accounts.
Objectives and activities
Purposes and alms
Our charity's purposes are set out in the objects contained in the company's memorandum of association.
We aim to benefit the public 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 the Royal
Borough of Kingston upon Thames and surrounding area.
We continue to work in partnership with other organisations and continually look to develop projects which provide
accessible and affordable transport services for individuals for whom conventional transport is either inaccessible or
inappropriate, ensuring the quality of delivery by the constant provision of support, training and information and to
develop other complementary services where local community need is identified.
Ensuring our Ivork delivers our aims
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 they have brought to
those groups of people we are set up to help. This review ensures our aims, objectives and activities remain focused on
our stated purposes and reflect the changing needs and aspirations of the local commuiiity.
We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and
objectives, and in planning our future activities. In particular, the Trustees consider how planned activities will
contribute to the aims and objectives they have set.
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 fleet of minibuses the majority of which are fully accessible. Some of the vehicles are owned
by user organisations and we make use of these for our own operations in their down time.
We offer certificated MIDAS driver training and assessment. passenger assistant training is also offered.
Our advice and information on transport related matters is often sought, liaising between the statutory and voluntary
sector with regard to transport initiatives and planning.
We supervise vehicle compliance and operate in partnership with other local agencies to develop local door to door
transport provision.
Those who benefit from our servlces
We provide affordable accessible transport to residents of London Borough of Richmond upon Thames and the Royal
Borough of Kingston-upon-Thames and surrounding areas.

RAKAT CT LTD
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2025
Strategic report
The following sections for achievements and perforn]ance and financial review form the strategic report of the charity.
Achievements and performance
Community transport operation
Following the closure of a Community Transport organisation in Sutton we were successful in obtaining some of their
business with Sutton Council providing a special needs service. We also obtained some of the staff of the community
transport organisation who ran these services.
Services we have been providing with two Partnership organisations Staywell and Enhanceable providing transport for
care centres has now been directly funded by the Royal Borough of Kingston upon Thames rather than a contract for
supplying buses to Staywell
Our funding support from the councils of the two boroughs of the Royal Borough of Kingston upon Thames and
London Borough of Richmond upon Thames together with the two Charities of Hampton Fund and Richmond Parish
Land Charity has remained constant for which are grateful.
Our services to smaller user groups has remained stable over the last couple of years.
This year 133 (2024 - 125) voluntary and statutory organisations used our services.
The Vehicle fleet did complete 5776 (2024 - 6,190) dayslpart days bookings enabling 103,262 (2024 - 97,254)
passenger journeys.
During the year we trained and assessed 97 (2024 - 107) people to the nationally recognised and certificated MIDAS
standard.
Capital projects
We continue to operate and maintain the three minibuses funded by FISH and two minibuses funded by Staywell,
these are treated as Restricted funds. At the end of the year FISH were in the process of replacing one of their buses for
the Barnes and Mortlake Enterprise scheme which we have accounted for in the current year but did not commence
service until after the year end.

RAKAT CT LTD
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Achievements and performanee (continued)
Partnership & Enterprise Schemes
We continue our successful partnership working with other community and voluntary organisations to support the
local communities in their own areas.
Since 2001 working with Community Centr¢s in the Hampton and Hampton Hill area of the London Borough of
Richmond upon Thames and supported by the Council we have run a project known as Hampton Enterprise. This
combines a community car scheme, shopping buses and a plus bus service offering door to door transport provision.
This service continues to provide a weekly transport service to a club for those with learning difficulties known as the
Gateway Club a daily transport service to Elleray Hall elderly persons day centre, Linden Hall day centre, Homelink
day centre, Hampton and Hampton Hill Voluntary Care weekly shopping service and social outings, During the year it
was necessary to move the base from which the minibus service operates and this was successfully accomplished with
no disruption to the users.
Since 2005 we have worked with FISH a local Charity supported by London Borough of Richmond upon Thames in a
project known as Bames Mortlake and East Sheen Enterprise. This combines a community car scheme, plus bus
service providing weekly transport shopping service, social excursions and transport to activities, clubs and special
events for the elderly, frail and those with mobility problems. Over the years due to an increase in demand FISH have
purchased two additional buses, one of which is currently being replaced, through us and they have increased the staff
capacity to satisfy these needs.
We operate vehicles for Staywell and Ham SOS ensuring that they comply with all legal and safety requirements.
Staywell use buses from our fleet to transport their elderly? frail and those with mobility problems to their day care
centre.
Premises
The current negotiation with our landlords the Royal Borough of Kingston upon Thames who also supply funding and
have offered us a lease from the 25 March 2023 with a rent-free period from the expiry of the old lease on 20 July
2020 is awaiting finalisation. The accrued cost of this rent.free period was released as a grant from the Royal Borough
of Kingston upon Thames last year and we have accrued the outstanding 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, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Financial review
Results for the period
Restricted Funds
Revenue from the Hampton Fund and Richmond Parish Lands Charity to subsidise the core staff costs arnounted to
£26,235 (2024 - £25,300).
In the previous year income from London Borough of Richmond upon Thames administered by Age UK Richmond
Services LTD was for the purposes of our Charity for which we do not have a forn]al contract and was to operate two
schemes known as Enterprise schemes one in Hampton where we allocated £112,501 and collected fares of £5 ?8? the
other in Bames & Mortlake Enterprise where we allocated £57,445 and collected fares of £18,693. The remainder of
the income was to cover £34,112 of operational remuneration costs.
In the previous year we received income to cover operational remuneration costs from the Royal Borough of Kingston
of Thames £32,000.
The Staywell capital funding for two minibuses continues to be in place. The fund is reduced by the annual
depreciation of £906 (2024 - £1,350) and the remaining balance which represents the Net book value of these assets is
£1.836 and considered to be a fair representation of the market value.
During the year the Barnes and Mortlake Enterprise capital funding includes the remainder of their funding of the new
minibus received from FISH of £67,512 to bring the total funding including the deposit last year of £21,320 to
£88,832. This has been delivered after the year end and is in addition to the three minibuses they already fund. The
current minibuses are charged an annual depreciation of £33.224 (2024 £5,836). The balance carried forward of
£67,453 represents the net book value of the four minibus and is considered to be a fair representation of their market
value.
Transfer of funds
There was no transfer of funds this year. In the previous year we received £20,000 as a contribution to buy a minibus
which cost £56,223 which is in excess of the contribution therefore as we had satisfied the requirements of the
restriction we transferred the balance of £1,446 which is the grant less the annual depreciation of £18,554 to
unrestricted funds.

RAKAT CT LTD
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Financial review (continued)
Unrestricted Funds
Our main income is generated from the use of the buses which was £575,568 (2024 - £332,423) the main reason for
the substantial increase is due to:
A new contract from Sutton Council for the Special Educational Needs contract which accounted for £261,367.
Income from Royal Borough of Kingston upon Thames of £187,000 for which we contribute a grant to
Enhanceable of £40,000. In the previous year this was general funding from Staywell and income and the Royal
Borough of Kingston upon Thames.
Income from London Borough of Richmond upon Thames administered by Age UK Richmond Services LTD is
for the purposes of our Charity for which we do not have a fonnal contract and is to operate two schemes known as
Enterprise schemes one in Hampton where we allocated £118,016 and collected fares of £15,109 the other in Barnes &
Mortlake where we allocated £60,261 and collected fares of £20,064 the remainder of the income was to cover
operational remuneration costs of £35,784.
Other unrestricted income comes from affiliation fees and driver training of £13,933 (2024 £4 ?09), donations
including gift aid of £4,467 (2024 - £4,995). interest receivable £6,145 (2024 - £5,126), gains on the disposal of a
minibus including the scrappage scheme grant was £9,670 (2024 - £6,913).
The total unrestricted income amounted to £896,017 (2024 - £353,666).
Expenditure was £870,470 (2024 - £354,798) of which £ 67,658 (2024 - £35,146) is depreciation, increased due to the
purchase of two second hand minibuses costing £76,000. The increase in Salaries National Insurance and pensions to
£5?6,274 (2024 - £180,208) and vehicle running costs to £182,597 (2024 £96,840) is as result of the new contract
from Sutton Council and the reduction in similar costs in restricted funds last year. A summary of the expenditure can
be seen in more detail in note 10 to these accounts.
The net income and net movement in funds is therefore £25,547 (2024 £1,132) increasing our total unrestricted funds
carried forward to £468,447 (2024 - £442,900).
Total Funds
Our total reserves have increased by £58,929 to £537,736 and the cash at bank of £391,501 and as referred to earlier in
the report debtors and creditors are higher than they normally would be due to the timing of the purchase of the new
Minibus for the Barnes and Mortlake Enterprise scheme.
Reserves Policy
The Trustees continually review the reserves policy to detemiine the level of free unrestricted funds needed to
maintain the organisation's activities for a sufficient period to ensure continuity if funding from external sources
should cease or be seriously curtailed. Currently our free reserves (Unrestricted net current assets) are £331,476 and
one-month's expenditure is £69,087 (total annual expenditure £930,835 less depreciation of £101.788) which is 4.8
months.
The Board of Trustees continue to recognise the need to replace the fleet and continue to consider the current working
capital requirement should be between 3 and 4 months. Therefore 4 months annual expenditure is £276,348 which
could allow £55,128 for invesknent in new minibuses.

RAKAT CT LTD
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continuedj
Year ended 31 March 2025
Plans for future periods
The continuing aim of the Charity is to supply good economical accessible community transport to the Voluntary and
Community Groups within the London Borough of Richmond upon Thames and the Royal Borough of Kingston upon
Thames and surrounding boroughs. In order to do this we will need to:
Increase the number or community. voluntary and statutory organisations that are members to ensure that we are
more sustsinable for the future
Continue working in partnerships and develop projects which provide accessible and affordable services for
individuals for whom conventional transport provision is either inaccessible or inappropriate.
Maintain the quality of delivery by offering support, training and infonnation to our membership.
Increase our funding and maintain our charges at a level that is affordable to our client base many of whom are
also Charities and urge the local Councils to maintain their valued support.
Keep our current fleet in the best condition until funding can be obtained to replace our fleet with affordable
greener alternatives. We need to get a better understanding of these alternatives and the likely timing. In order to
achieve this funding we will need to increase our public profile which is not easy as we are not a front line
organisation with direct access to the public.
Ensure that premises are available to Continue to deliver affordable Community Transport and get more certainty
with a new lease.
Keep up to date with our legal obligations especially those of Health & Safety and the work environment of
employees & volunteers.
The trustees, annual report and the strategic report were approved on 18 November 2025 and signed on behalf of the
board of trustees by:
Stephen Baughan - Treasurer
Trustee

RAKAT CT LTD
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of RAKAT CT LTD
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of RAKAT CT LTD ('the charity,) for the year
ended 3 l March 2025.
Responsibilities and basis of report
As the trustees 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 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 ?006 Act
and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried
out under section 145 of the Charities Act 2011 ('the 2011 Act.). In carrying out my examination I have followed the
Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act.
Independent examiner's stAtement
Since the charity'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 l am qualified to undertake the examination because l am a member of the Institute of
Chartered Accountants in England and Wales (ICAEW), 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:
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements 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 fairf view which is not a matter considered as
part of an independent examination; or
the financial statements 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.
Mohan Kripalani
Independent Examiner
2 Crosslands Avenue,
Ealing,
W5 3QH
19 November 2025
10

RAKAT CT LTD
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds
20?4
Unrestricted
funds
Total funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
Other income
4,467
875,735
6,145
9,670
4,467
969,482
6,145
9,670
4,995
663,285
5,126
6,913
93,747
Total income
896.017
93,747
989,764
680,319
Expendlture
Expenditure on charitable activities
Total expenditure
9,10
(870,470)
(60,365)
(930,835)
(665,871)
(870,470)
(60,365)
(930,835)
(665,871)
Net income and net movement in funds
25,547
33,382
58,929
14,448
Reconciliation of funds
Total funds brought forward
442,900
35,907
478,807
464,359
Total funds carried forward
468,447
69,289
537,736
478,807
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 14 to 25 form part of these financial statements.
11

RAKAT CT LTD
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
17
206260
123,615
Current assets
Debtors
Cash at bank and in hand
18
229,874
391,501
130,850
332,210
621,375
463,060
Creditors: amounts falling due within one year
Net current assets
19
(289,899)
(107,868)
331,476
355,192
Total assets less current liabilities
537,736
478,807
Net assets
537,736
478,807
Funds of the charity
Restricted funds
Unrestricted funds
69.289
468,447
35,907
442,900
Total charity funds
21
537,736
478,807
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Directors, responsibilities:
Thc 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 complying with the requirements of the Act with respect to
accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to
the small companies, regime.
Th¢sc financial statements were approved by the board of trustees and authorised for issue on 18 November 2025, and
are signed on behalf of the board by:
Stephen Baughan - Treasurer
Trustee
The financial statements are prepared in accordance with the special provisions of part 15 of the Companies Act 2006
relating to small companies.
The notes on pages 14 to 25 form part of these financial statements.
12

RAKAT CT LTD
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operating activities
Net income
58,929
14,448
AdjusÉmenlsfor.'
Depreciation of tangible fixed assets
Other interest receivable and similar income
Gains on disposal of tangible fixed assets
Accrued expenses
101,788
(6,145)
(9,670)
13,100
60,885
(5,126)
(6,913)
5.331
Changes in..
Trade and other debtors
Trade and other creditors
(99,024)
168,931
(65,842)
20,599
Cash generated from operations
227,909
23,382
Interest received
6,145
5,1?6
Net cash from operating activities
234,054
28,508
Cash flows from investing activities
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash used in investing activities
(184,832)
10,069
(56,223)
7.390
(174,763)
(48,833)
Net inereasel(decreAse) in eash and cash equfivalents
Cash and cash equivalents at beginning of year
59,291
332210
(20.325)
352,535
Cash and cash equivalents at end of year
391,501
332,210
The notes on pages 14 to 25 form part of these flnancial statements.
13

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and
Wales and a registered Gharity in England and Wales. The address of the registered office is Liz Mills Depot, 32
Wellington Crescent, New Malden. Surrey, KT3 3NE.
Statement of compliAnce
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 to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
Aeeounting policies
Basis of preparation
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 Republic of Ireland (FRS 102) (effective l January
2015) - (Charities SORP (FRS 102)), 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 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy note(s).
Taxation
The charitable company is a charity within the definition of section 467 Corporation Tax Act 2010 and is
therefore able to take advantage of the exemptions given by sections 485 and 486 of that Act. Accordingly. there
is no Corporation Tax charge in these accounts.
Pension Polley
The charity contributes to individuals stake holder pension schemes to the value of 8% of salary. The
contributions are included in the Statement of Financial Activities when they fall due.
Contributions to defined contribution plans are recognised as an expense in the period in which the related
service is provided
Going concern
The financial statements are drawn up on the going concern basis which assumes RAKAT CT LTD will
continue in operational 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 to the working capital and cash
flow requirements of RAKAT CT LTD. The Board consider RAKAT CT LTD current and forecast cash
resources to be sufficient to cover the working capital requirements of the charity for the foreseeable future.
14

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies (eonlinued)
Judgements and key sources of estimation uncertainty
The preparation of financial statements in conforniity with Charities SORP (FRS 102) requires the trustees to
make judgements, estimates and assumptions that affect the application of policies and reported amounts of
assets and liabilities, income 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 forni the basis of making the judgements about carrying values of assets and liabilities that are not readily
apparent from other sources. Actual results may differ from these estimates.
Fund aeeounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds eam]arked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the ternis of
an appeal. and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement 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. The following specific policies are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is
probable and its amount can be measured reliably.
no amounts are included for the contribution of general volunteers.
income from grants for the supply of services is recognised with the delivery of the required service. These
are classified as restricted funds as there is a contractual requirement for it to be spent on a particular
purpose and returned if unspent.
Income is stated net of VAT
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any V AT which
cannot be fully recovered, and is classified under headings of the statement of financial activities to which it
relates:
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that
further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating
to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of
its expenditure on charitable activities.
15

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
Accounting policies (Colllinued)
Tangible assets
All fixed assets are initially recorded at cost.
Fixed assets capitalisation
Tangible fixed assets are stated at cost or valuation less depreciation. Fixed assets costing more than £1,000 are
apitalised where they are not replacements of assets previously capitalised.
Depreciation
Depreciation 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 % straight line
Impairment of fixed assets
Fixed assets are subject to review for impairment when there is an indication of a reduction in their carrying
value. Any impairnient is recognised in the year in which it occurs in the corresponding Statement of Financial
Activities category.
16

RAKAT CT LTD
Company Limited by Guarantea
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
Accounting policies (contlnued)
Financial instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured
at their settlement value.
Debtors
Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost, less
provision for impainnent. A provision for the impairnient of debtors is established when there is objective
evidence that the charitable company will not be able to collect all amounts due according to the original terms
of the debt,
Cash At bAnk And in hand
Cash at bank and cash in hand includes cash and short tern] highly liquid investments with a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors are recognised where the charitable company has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors and provisions are nonnally recognised 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 leases are charged to the statement of financial activities on a straight
line basis over the period of the lease.
Limited by guArantee
The members of this organisation are the Charity Trustees who have committed to the guarantee of £1 upon the
dissolution of the Charity. The members, details are maintained at the operational address.
17

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
Donations and legacies
Unrestricted Total Funds
Funds
2025
Unrestricted
Funds
Total Funds
2024
Donations
General donations
Gift Aid
3,597
870
3,597
870
4.095
900
4.095
900
4.467
4,467
4,995
4,995
Charitable actlvlties
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Income from the use of the buses
Royal Borough of Kingston upon Thames
London Borough of Richmond upon Thames administered by
Age UK Richmond Services LTD
London Borough of Sutton
Affiliation fees & driver training
Hampton Fund
Richmond Parish Lands Charity
Royal Borough of Kingston upon Thames
The Victoria Foundation
FISH
London Borough of Richmond upon Thames administered by
Age UK Richmond Services LTD
199,374
187,000
199J74
187.000
214,061
261,367
13,933
214,061
261 J67
13,933
15,015
11,220
15,015
11,220
67.512
67,512
875,735
93,747
969,482
Unrestricted
Funds
Restricted
Funds
Total Funds
20?4
Income from the use of the buses
Royal Borough of Kingston upon Thames
London Borough of Richmond upon Thames administered by
Age UK Richmond Services LTD
London Borough of Sutton
Affiliation fees & driver training
Hampton Fund
Richmond Parish Lands Charity
Royal Borough of Kingston upon Thames
The Victoria Foundation
FISH
London Borough of Richmond upon Thames administered by
Age UK Richmond Services LTD
332,423
23,975
356,398
4,209
4,209
14,300
11,000
32.000
20,000
21,320
14,300
11,000
32,000
20,000
21,320
204,058
204,058
336,632
326,653
663,285
18

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Investment income
Unrestricted Total Funds
Funds
2025
Unrestricted
Funds
Total Funds
2024
Bank interest receivable
6,145
6,145
5,126
5.126
Other income
Unrestricted Total Funds
Funds
2025
Unrestricted
Funds
Total Funds
2024
Gain on disposal of tangible fixed assets
held for charity's own use
9,670
9,670
6,913
6,913
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Community Transport Operations - Unrestricted
Community Transport Operations - Restricted
Support costs
868,470
868,470
60,365
2,000
60.365
2,000
870,470
60.365
930,835
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Community Transport Operations - Unrestricted
Community Transport Operations - Restricted
Support costs
352,798
352,798
311,073
2,000
311,073
2,000
354,798
311,073
665,871
19

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
10. Expenditure on charitable activities by activity type
Analysis of Community Transport Operations Expenditure - Unrestricted
2025
20?4
Salary. National Insurance and Pension
Depreciation
Vehicle Running Costs
Training & Conferences
Premises Costs
Administrative Expenscs
Grant payable for transport services
526274
67,658
179,293
4,071
16,266
34,908
40,000
180,208
35,146
96,840
1,210
15,931
?3,463
Support Costs - Independent Examination Fee
868,470
2,000
352.798
2,000
870,470
354,798
Analysis of Community Transport Operations Expenditure - Restricted
2025
2024
Salary, National Insurance and Pension
Depreciation
Vehicle Running Costs
26,235
34,130
228,262
25,739
57,072
60,365
311,073
11. Analysis of support costs
There are no support costs as such the £2,000 (2023 £2,000) represents the fees payable for the independent
examination of the financial statements.
12. Analysis of grants
2025
2024
Grants to institutions
Grants to Enhanceable
40,000
Total grants
40,000
13. Net ineome
Net income is stated after charging/(crediting):
2025
2024
Depreciation of tangible fixed assets
Gains on disposal of tangible fixed assets
101,788
(9,670)
60,885
{6,913)
20

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
14. Independent examination fees
2025
2024
Fees payable to the independent examiner for:
Independent examination of the financial statements
2,000
2,000
15. Staff costs
The total staff costs and employee benefits for the reporting p¢riod are analysed as follows:
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
484,309
32,002
36,198
357.385
23,396
27,689
552,509
408,470
The key management personnel of the charity comprise the trustees, the Chief Executive Officer, Deputy Chief
Executive Officer and the Operations Manager. The total employee benefits of the key management personnel
were £121,721 (2024- £122,686).
The average head count of employees during the year was 19 (2024: 19). The average number of full-time
equivalent employees during the year is analysed as follows:
2025
2024
No.
Number of Operational Staff (FTE)
16
12
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
16. Trustee remuneration and expenses
No remuneration or benefits have been paid to any member of the Board of Trustees during the period for their
duties as a trustee.
However, as pennitted by Section 185 of the Charities Act 2011, the treasurer has not charged for his
accountancy services as he did this on a voluntary basis however he was reimbursed for some computer
expenses to the value of £2,400 (2024 - £2,280).
21

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
17. Tangible fixed assets
Motor vehicles
Equipment
Total
Cost
At l April 2024
Additions
Disposals
At 31 March 2025
1,218,638
184,832
(20,495)
16,018
1234,656
184,832
(20,495)
1,382,975
16,018
1.398.993
Depreciatlon
At l April 2024
Charge for the year
Disposals
1,095,023
101,788
(20,096)
1,176,715
16,018
1,111,041
101,788
(20,096)
At 31 March 2025
16,018
1,192,733
Carrylng amount
At 31 March 2025
206,260
206260
At 31 March 2024
123,615
123,615
18. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
Other debtors
139,624
59,483
30,767
52,155
48,182
30,513
229,874
130.850
19. Creditors: amounts falllng due within one year
2025
2024
Payments received on account
Trade creditors
Accruals and deferred income
Social security and other taxes
Grants in advance
Other creditors
23,625
165,224
72.269
9,681
15,015
4,085
8,000
16,609
59,169
7,651
11,220
5,219
289,899
107,868
20. Pensions And other post retirement beneflts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was
£36,198 (2024: £27,689).
22

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
21. Analysis of charitable funds
Unrestricted funds
At
Transfers 31 March 2025
At l April 2024
Income
Expenditure
General funds
442,900
896,017
(870,470)
468,447
At
Transfers 31 March 2024
At l April 2023
Income
Expenditure
General funds
442,586
353,666
(354,798)
1,446
442,900
Restricted funds
At
Transfers 31 March 2025
At l April 2024
Income
Expenditure
Hampton Enterprise
Scheme
Barnes & Mortlake
Enterprise Scheme
Staywell Capital Funding
FISH Capital Funding
Capital Funding for Minibus
purchase
Grant funding for staff
2,742
33,165
(906)
(33,224)
1,836
67,453
67,512
26,235
(26,235)
35,907
93,747
(60,365)
69,289
At
Transfers 31 March 2024
At l April 2023
Income
Expenditure
Hampton Enterprise
Scheme
Barnes & Mortlake
Enterprise Scheme
Staywell Capital Funding
FISH Capital Funding
Capital Funding for Minibus
purchase
Grant funding for staff
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)
(1,446)
35,907
23

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2025
21. Analysis of charitable funds (conlinuedj
Purposes of Restricted Fund
Fish & Staywell Capital Funding
This income has been received from partnership organisations to purchase minibuses for specific purposes and
when the arrangement ceases the minibuses or their market value will be returned to the partnership
organisations.
Hampton Enterprise scheme
This is a scheme 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 the CILS (Community Independent Living Service) partnership.
Barnes and MortlAke Enterprise scheme
This scheme 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 in the previous year from The Victoria Fund to assist with the purchase of a
new minibus.
Staff funding
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.
22. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Current assets
Creditors less than l year
Net assets
136,971
621,375
(289,899)
69,289
206260
621 J75
(289,899)
468,447
69.289
537,736
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Tangible fixed assets
Current assets
Creditors less than l year
Net assets
109,028
441,740
(107,868)
14,587
21,320
123,615
463,060
(107,868)
442,900
35,907
478,807
23. Analysis of ehanges in net debt
At
31 Mar 2025
At l Apr 2024 Cash flows
Cash at bank and in hand
332,210
59,291
391,501
24

RAKAT CT LTD
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
24. Capital commitments
The capital commitment for the balanc¢ due of £85,499 for the purchase of a new minibus is included in trade
creditors which has been paid since the year end. The grant of £69,842 from FISH for this purchasc is included
in trade debtors and we received these funds after the year end date. Ownership has been taken at the date of the
invoice and the asset is included in our fixed assets at a value of £88,832
26. Related parties
Apart from the accountancy services supplied by the Treasurer the details of which are shown in note 16 there
are no related party transactions.
25