Registered number: 04989679
Charity number: 1104954
WAVERLEY HOPPA COMMUNITY TRANSPORT
{A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Company, its Trustees and Advisers
Trustees. Report
Independent Auditor's Report on the Financial Statements
8-11
Consolidated Statement of Financial Activities
12
Consolidated Balance Sheet
13-14
Company Balance Sheet
15-16
Consolidated Statement of Cash Flows
17
Notes to the Financial Statements
18-44

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
R H Knight (resigned 20 July 2025)
AMFOX
J J Brydon
A J D Boughton
R I Stansbury
S C Naughalty
B S Capper
R J H Davies
M Reynolds (appointed 21 March 2025)
R Couch (appointed 18 January 2024, resigned 21 November 2024)
M James (appointed 25 July 2025)
Company registered number
04989679
Charity registered number
1104954
Registered office
Unit 8 Towergate Business Centre, Coopers Place, Combe Lane, Womley, Surrey, GU8 5SZ
Company secretary
S Gray
Independent auditor
Shaw Gibbs {Audit) Limited, Wey Court West, Union Road, Famham, Surrey, GU9 7PT
Page 1

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual
report together with the audited financial statements of the Group and the Company, Waverley Hoppa
Community Transport (the "Company.) for the year ended 31 March 2025. The Company has a subsidiary,
Hoppa Limited (the "subsidiary compan￿) which together fomi a charitable group (the "Group") and the Trustees
also report on and present audited financial statements of the Group. The Trustees confirm that the Annual
Report and financial statements of the Company comply with the current statutory requirements, the
requirements of the Company's governing document and the provisions of the Statement of Recommended
Practice ISORP), applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)-
Since the Group and the Company qualify as small under section 383 of the Companies Act 2006, the Group
Strategic Report required of medium and large companies under the Companies Act 2006 {Strategic Report and
Directors, Report) Regulations 2013 is not required.
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit.
Policies and objectives are defined by the Memorandum of Association as refined by the advice of experts and
approved by the Board.
b. Strategies for achieving objectives
Strategies for achieving objectives are defined by an annual budget prepared by the General Manager and
Board, presented to the local authority and distributed to appropriate parties.
c. Activities for achieving objectives
Activities for achieving objectives are the provision of subsidised transport services in the locality of Waverley
Borough and limited commercial services to support the primary activities.
d. Main activities undertaken to further the charty's purposes for public benefit
The core activities of the Group, also referred to as "Hoppa" are the provision of dial a ride transport within
Waverley Borough to anyone unable to utilise public services by reason of age, disability or remoteness.
The Trustees have given full regard to the Charity Commission's guidance on public benefit, and are confident
that, while our customers clearly benefit from transportation, there is a benefit to the wider public in terms of
addressing rural isolation, and promoting the wellbeing and social inclusion of our customers.
e. Volunteers
The Company is managed by unpaid Board members, a small professional management team and a stsff of
employed drivers.
Page 2

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
a. Key financial perforniance indicators
The Trustees use two main financial indicators- the proportion of grant funding to total income, and net income
or expenditure generated.
Grant funding in the year represented 18 % of income (2024.. 13.￿). The Trustees continue to pursue their
strategy of contracting commercial routes- to Schools, Day Centres and local Hospitals- in addition to the core
dial a ride operation. In this way we have historically been able to minimise the need for increased public funding
to maintain our objectives.
In the year to 31 March 2025 the Group reported net income before actuarial adjustments of £107k {2024.' £43k).
b. Review of activities
In the period of review the Group continued to provide transport sen11￿$ within the ambit of the operations
described in its original Business Plan.
At the end of the year Hoppa reported a surplus of £85k (2024". £28k). Day to day operations remained stable but
were enhanced by Hoppa operating a trial Servi￿ for Surrey County Council. This service, branded Surrey
Connect, was a one year trial, providing demand responsive transport via a phone app and "virtual" bus stops,
and ceased in August 2024.
The organisation's core activities are the provision of demand responsive transport within Waverley Borough,
mainly assisting those with disabilities and the elderly who are unable to utilise public services by reason of
remoteness or access difficulties. These priority ServI￿S assist in reducing social exclusion among the
disadvantaged and in the year some 18,664 passenger trips were made (2024.. 17,481).
Other community support services covers school runs - mainly Special Educational Needs - as well as some
health related transport contracts. A total of 55,140 passenger trips were made in this service category during
the year (2024.. 51,748)-
c. Investment policy and perforniance
Our main investment will always be in the vehicles utilised for delivering our services, but to the extent that there
are surplus cash reserves these are moved to interest bearing accounts.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate
resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the Accounting Policies.
Page 3

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
b. Financial risk management objectives and policies
The Trustees have identified Iwo main financial risks
replacement of our key capital asset, the vehicles themselves.
loss of grant funding, and the inability to fund
In terms of grant funding the largest single amount comes from Waverley Borough Council. Hoppa have a
Service Level Agreement with Waverley., this agreement provides ￿rtaInty of income in exchange for quarterly
performance reviews. Other grants are received from other County, Town and Parish Councils. Hoppa minimise
risk to these grants by maintaining regular contact with all these stakeholders, updating them on our operational
and financial situation.
Hoppa operate ￿enty seven vehicles, mostly minibuses with wheelchair access. There is a Board target to
maintain an average vehicle life of between five and six years, with no vehicle being older than twelve years. This
gives rise to a capital requirement of over £100k every year to replace older vehicles- the funding for this needs
to be provided from net income, capital grants or other fundraising. In terms of risk the Trustees have considered
options of debt financing, as well as maintaining vehicles for longer, albeit likely to incur greater repair costs.
The Trustees review these risks at least quarterly. They are comfortable that, subject to external pressures
beyond our control, our main stskeholders will continue to support Hoppa.
In terms of vehicles Hoppa were able to add four vehicles to the fleet through a combination of capital grants and
debt financing.
c. Financial Results
At the balance sheet date unrestricted funds of £505,720 (2024.. £415,641) and restricted funds of £146,932
(2024.. £151,932) were held.
d. Reserves policy
There is a monthly review of likely operating expenses and income, grants, donations and requirements for
replacing vehicles, all to ensure the ability to continue providing ServI￿S throughout a forthcoming period of at
least 6 months.
At 31 March 2025 Hoppa held free reserves totalling £82,118 (2024: £133,238).
e. Deficit
In the year to 31 March 2025 Hoppa has reported a surplus of £107k (2023= £43k) before actuarial gains. The
Trustees approve an annual budget with a target of generating net income before depreciation, to be used for
capital funding. This remains the target for the financial year ending March 2026.
f. Principal Funding
Local authority and government grants, and donations from parish councils and charitable institutions comprise
18 % of funding {2024'. 13 % I, the balance being generated by operating income. The reliance on grant funding
continues to reduce as a result of a deliberate strategy by the Trustees.
Page 4

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
a. Constitution
The Company is registered as a charitable company limited by guarantee and with a Memorandum of
Association dated 9 December 2003.
The charity was formed in succession to Wavedey Community Transport and assumed all that company's assets
and liabilities with effect from 31 March 2004.
The principal object of the Company is to provide relief to the inhabitants of the Borough of Waverley in Surrey
whose access to transport is affected by age, mental or physical disability, povety or rural isolation, and in
particular to provide and maintain non profit community transport services and to assist the charitable work of
organisations and bodies engaged in promoting relief of such persons through the provision of appropriate
services.
The objectives have not been amended during the year.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co opted under the
terms of the Memorandum and Articles of Association.
c. Policies adopted for the induction and training of Trustees
All Trustees receive explanatory documentation from Companies House and the Charities Commission and an
introductory briefing with the Chairman, Operating Director and General Manager and attend a full Board
meeting as an observer before appointment. Subsequently each Board member receives financial results, board
minutes, budgets, draft business plans and a health and safety manual.
d. Pay policy for senior staff
The General Manager is the senior member of stsff and a key employee. The Trustees policy is to ensure that
this employee is remunerated on a par with commercial enterprises, and use a combination of salary and
performan￿ bonus to achieve this.
e. Organisational structure and decision making
The Chairman, General Manager and Board meet monthly. Our main local authority stakeholders are invited to
attend our quarterly board meetings. Limits of decision making authority are defined by referen￿ to magnitude
and banking mandates by Board authority.
f. Related party relationships
The Trustees and senior staff make a declaration each year concerning related parties. There were no
transactions with related parties during the year, other than as disclosed in the notes to the financial statements.
Page 5

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
TRUSTEES, REPORT {CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management Icontinued)
g. Financial risk management
The Trustees have assessed the major risks to which the Group and the Company are exposed, in particular
those related to the operations and finances of the Group and the Company, and are satisfied that systems and
procedures are in place to mitigate exposure to the major risks.
Plans for future periods
In a climate of financial challenge for our local authorities, who are our key sponsors, Hoppa continues to
subsidise its core services by bidding for, and winning, contracts to provide community transport routes, and non
emergency patient transport, wherever they fit within the operational criteria.
Members. liability
The Members of the Company guarantee to contribute an amount not exceeding £10 to the assets of the
Company in the event of winding up.
Small Company Provisions
This report has been prepared in accordance with the special provisions relating to companies subject to the
small companies regime within Part 15 of the Companies Act 2006.
ststement of Trustees. responsibilities
The Trustees {who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees. Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Group and the Company and of their incoming resources and application of
resources, including their income and expenditure, for that period. In preparing these financial statements, the
Trustees are required to=
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 102)..
make judgments and accounting estimates that are reasonable and prudent"
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial
position of the Group and the Company and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2025
Dlsclosure of Inforniatlon to audltor
Each of ltr￿ persons who are Trustees at Ihe ts.me %then trms Trustees. Report is approved has confimied that:
so far as Ihal Trustee is a￿Ere, Ihere is no relevant audit inf0m￿tIon of ￿lch the charitable Group's
auditor is unaware. and
that Trustee has taken all steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit infonnation and to establish that tfre charitable Group's auditor is aware of that
inforniation.
Approved by
the members of board of Trustees and signed on tr￿1r behalf ty.
Stansbury
Trustee
Page 7

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WAVERLEY HOPPA COMMUNITY
TRANSPORT
Opinion
We have audited the financial statements of Waverley Hoppa Community Transport (the 'parent charitable
company,) and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated
Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balan￿ Sheet, the
Consolidated Statement of Cash Flows and the related notes, including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice}.
In our opinion the financial statements:
give a true and fair view of the state of the Group's and of the parent charitable company's affairs as at 31
March 2025 and of the Group's incoming resources and application of resources, including its income and
expenditure for the year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities
Act2011.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit
of the financial statements section of our report. We are independent of the Group in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable
company's ability to continue as a going concem for a period of at least ￿e1ve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 8

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WAVERLEY HOPPA COMMUNITY
TRANSPORT (CONTINUED
Other inforniation
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion..
the parent charitable company has not kept adequate and sufficient accounting records, or returns
adequate for our audit have not been re￿iVed from branches not visited by us., or
the parent charitable company financial statements are not in agreement with the accounting records and
returns- or
certain disclosures of Trustees. remuneration specified by law are not made" or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and
from the requirement to prepare a Strategic Report.
Page 9

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WAVERLEY HOPPA COMMUNITY
TRANSPORT (CONTINUED
Responsibilities of trustees
As explained more fully in the Trustees. Responsibilities Statement, the Trustees (who are also the directors of
the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible ft)r assessing the Group's and the parent
charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group
or the parent charitable company or to ￿ase operations, or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below=
We gained an understanding of the legal and regulatory framework applicable to the Group and parent charitable
company and the industry in which they operate, and considered the risk of acts by the Group and parent
charitable company that were contrary to applicable laws and regulations, including fraud. We designed audit
procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud
is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by,
for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial
statements, including, but not limited to, the Companies Act 2006, the Charities Act 2011 and UK tax legislation.
Our tests included agreeing the financial statement disclosures to underlying supporting documentation and
enquiries with management. There are inherent limitations in the audit procedures described above and, the
further removed non-compliance with laws and regulations is from the events and transactions reflected in the
financial statements, the less likely we would become aware of it. We did not identify any key audit matters
relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override
of internal controls, including testing journals and evaluating whether there was evidence of bias by the Trustees
that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.or
-uklauditorsres
onsibilities. This description forms part of our
Auditor's Report.
Page 10

WAVERLEY HOPPACOMMUNITY TRANSPORT
(A Compary Umlted by Guarnntee)
INDEPENDENT AUDrroR'S REPORT TO THE hlEMBERS OF WAVERLEY HOPPA COMMUNITY
TRANSPORT (CONTINUED)
Use of our report
This re￿t 1$ made soldy to the charitable compatys members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. and to the ctrHTilable companls trustees. as a body, Part 4 of the Chaffties
(Accounts and Reports) Regu￿tionS 2008. Our audit work has been undertaken so that might state to the
charitable companys rn￿berS those matters ￿ are required to state to them in an Auditoes Report and for no
other Purpose. To the full88t extent permlted by I￿. ￿ do not accept or assume responsibilty to anyone other
than the Charitab￿ company and ts members, as a bfxty, for our audit work, for this report, or for the oixnions
we have formed.
Mark Dlcklnson FCA (Senlor Statutory Audltorl
for and on behalf of
Shaw Glbbs (Audrtl Llmttod
ststutory Auditor
Wey Court We
Union Road
Famham
Surrey
GU9 7PT
Dale".
1/2cJi
Page11

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitable activities
195,526
262.173
2,458
31.103
1,115,477
10.954
25,020
197,984
293.276
1,115,477
10.954
25,020
65,349
169,010
i. 183,541
3,787
22,106
Other trading activities
Investments
Other income
Total income
457,699
1,185,012
1,642,711
1, 443, 793
Expenditure on:
Raising funds
Charitable activities
10
6,508
1,173.324
6,508
1,529.124
4.579
1,396,389
355.800
Total expenditure
355.800
1,179.832
1,535.632
1,400,968
Net income
101,899
(106.899)
5,180
106.899
107,079
42,825
Transfers be￿een funds
21
Net movement in funds before other
recognised gainsl{losses)
15.000)
112.079
107.079
42,825
Other recognised gainsl(losses):
Actuarial losses on defined benefit
pension schemes
Pension surplus not recognised
27
110.000
1132,000)
110.000
1132,000)
107,000
(122,000)
27
Net movement in funds
15,000)
90,079
85,079
27,825
Reconciliation of funds".
Total funds brought foNard
Net movement in funds
151,932
15.000)
415,641
90.079
567,573
85.079
539, 748
27,825
Total funds carried fonNard
146.932
505.720
652.652
567,573
The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 18 to 44 form part of these financial statements.
Page 12

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04989679
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Tangible assets
16
517,904
3T5,029
517.904
375, 029
Current assets
Debtors
18
151,168
207.961
157,454
270, 602
Cash at bank and in hand
359,129
428, 056
Creditors.. amounts falling due within one
year
19
1141,881)
(138. 729)
Net current assets
217.248
289,327
Total assets less current liabilities
735,152
664,356
Creditors.. amounts falling due after more
than one year
20
(82,500)
(96, 783)
Net assets excluding pension asset
Defined benefit pension scheme asset
652.652
567,573
27
Total net assets
652,652
567,573
Charity funds
Restricted funds
Unrestricted funds
21
146.932
505,720
151,932
415,641
21
Total funds
652.652
567,573
Page 13

WAVERLEY HOPPA COPAMUNrrY TRANSPORT
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04989679
CONSOUDATED BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The Trustees ad(rv*ledge their responsibilities for comptying wilh the requirements of the Act wilh respect to
accounting records arKI preparation of financial staternents.
The financial ststements have been prepared in acGordance with the provisions applicable to enbties subject to
the small companies regime.
The financial slate
were approved authortsed for issue by Trustees and signed on their behalf by.
I Stangbury
Trustee
The r￿leS on pages 18 to 44 fomi part of ttr￿e financial stalements.
Pago 14

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04989679
COMPANY BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Tangible assets
Investments
16
517,904
3T5,029
17
517,905
3T5,030
Current assets
Debtors
18
211.164
142,763
291, 880
130,976
Cash at bank and in hand
353.927
422, 856
Creditors.. amounts falling due ￿￿thIn one
year
19
1136.681)
(133, 529)
Net current assets
217,246
289,327
Total assets less current liabilities
735.151
664,357
Creditors.. amounts falling due after more
than one year
20
(82.500)
(96, 783)
Net assets excluding pension asset
652,651
567,574
Total net assets
652.651
567,574
Charity funds
Restricted funds..
Restricted funds
21
146,932
151,932
Total restricted funds
Unrestricted funds
Unrestricted funds excluding pension asset
21
146.932
151,932
21
511.519
415,642
Total unrestricted funds
21
505,719
415,642
Total funds
652.651
567,574
Page 15

WAVERLEY HOPPA COMMUNITY TRANSPORT
IA Company Limited by Guarantee)
REGISTERED NUMBER: 04989679
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The Ccffipanls net movement in funds for the year Wds £217.07T (2024 - £149,825).
The Trustees ackntrthedge their responsibilities for COMpTr￿.ng with the requirements of Act thith respecl to
accounting records arKI preparation of financpl Stat￿Rnts.
The financRI statements have been prepared in accordance with Ihe provisions applicable lo entities subject to
the sma]I companies regime.
The financial s
were approved and authorised for issue by Trustees and s￿ned on their behalf by:
R I Stansbury
Trustee
Date:
lg |zJ-
The notes on pages 18 to 44 fom) part of these financial Stat￿ts.
Page 16

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Cash flows from operating activities
Net cash used in operating activities
23
190,742
116,865
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets
Purchase of tsngible fixed assets
13.250
(253,935)
19,500
(106,329)
Net cash used in investing activities
{240,685)
(86.829)
Cash flows from financing activities
Repayments of borrowing
New finance leases
{162,453)
149,755
(76, 742)
95,408
Net cash lused in)Iprovided by financing activities
(12,698)
18.666
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
(62,641)
270,602
48,702
221,900
Cash and cash equivalents at the end of the year
24
207,961
270,602
The notes on pages 18 to 44 form part of these financial statements
Page 17

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General infomiation
Waverley Hoppa Community Transport is a private company limited by guarantee, incorporated in
England. The registered Offi￿ address is Unit 8 Towergate Business Centre, Coopers Place, Combe
Lane, Wormley, Godalming, Surrey, GU8 5SZ. The registered company number is 04989679.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
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 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Waverley Hoppa Community Transport 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.
The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet
consolidate the financial statements of the Company and its subsidiary undertaking. The results of
the subsidiary are consolidated on a line by line basis.
The Company has taken advantage of the exemption allowed under section 408 of the Companies
Act 2006 and has not presented its own Statement of Financial Activities in these financial
statements.
2.2 Going concern
The Company reported a surplus for the year of £107k before actuarial gains.
The Trustees believe that their growth strategies - particularly in providing transport services for the
NHS - will ensure that the Company continues to be a going concern at present. However they also
acknowledge that there are longer term issues that will have an impact, including.. financial pressures
on local council funding and the continual requirement to refresh the ageing fleet of vehicles. The
introduction of electric vehicles to the fleet has also involved significant initial expenditure, and could
not have been achieved without capital grant support.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Incoming resour￿$ from charitable activities are recognised when the service has been provided.
Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The
balance of income received for specific purposes but not expended during the period is shown in the
relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt,
its recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Page 18

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity- Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned belNrfeen those activities on a basis consistent with
the use of reSoUr￿s.
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
All costs are charged to restricted or unrestricted expenses based on mileage.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Group,. this is normally upon notification of the interest paid or payable by the institution
with whom the funds are deposited.
2.6 Taxation
The Company is considered to meet the definition of a charitable company for UK corporation tax
purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or
capital gains received, to the extent that such income or gains are applied exclusively to charitable
purposes.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following bases:
Leasehold propety
Motor vehicles
Equipment
50 years straight line
25°/o reducing balance
25°/o Straight line
Page 19

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.8 Investments
Investments in subsidiaries are valued at cost less provision for impairment.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term 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.
2.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or
the amount it has received as adVan￿d payments for the goods or services it must provide.
2.12 Financial instruments
The Group 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 with the ex￿ptIon of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.13 Finance leases and hire purchase
Assets obtained under hire purchase contracts and finan￿ leases are capitalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases
are those where substantially all of the benefits and risks of ownership are assumed by the Group.
Obligations under such agreements are included in creditors, net of the finance charge allocated to
future periods. The finan￿ element of the rental payment is charged to the Consolidated Statement
of Financial Activities so as to produce a constant periodic rate of charge on the net obligation
outstanding in each period.
2.14 Operating leases
Rentals paid under operating leases are charged to the Consolidated Statement of Financial
Activities on a straight line basis over the lease term.
Page 20

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.15 Pensions
The Group operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Group to the fund in respect of the year.
The Group operates a defined benefits pension scheme and the pension charge is based on an
actuarial valuation dated 31 March 2024.
The liability recognised on the balan￿ sheet in respect of the defined benefit plan is the present
value of the defined benefit obligation at the end of the reporting date less the fair value of the plan
assets at the reporting date.
The defined benefit obligation is calculated using the projected unit credit method. Annually the
Company engages independent actuaries to calculate the obligation. The present value is
determined by discounting the estimated future payments using market yields on high quality
corporate bonds that are denominated in sterling and that have terms approximating the estimated
period of future payments.
The fair value of plan assets is measured in accordan￿ with the FRS 102 fair value hierarchy.
2.16 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtheran￿ of the general objectives of the Group and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
2.17 Group VAT registration
The Company is part of a group VAT registration with Hoppa Limited. Waverley Hoppa Community
Transport is the nominated company, responsible for submitting the returns and for making the
payments on behalf of the companies in the group VAT registration.
Page 21

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions=
Useful economic lives of tangible assets
The annual depreciation charge is sensitive to changes in the economic lives and residual values of the
assets.
Defined benefit pension scheme
The Company has obligations to pay pension benefits to certain employees. The cost of these benefits
and the present value of the obligation depend on a number of factors, including life expectancy, asset
valuations and the discount rate on corporate bonds. Management engages professional services to
assist in estimating these factors in determining the net present asset or obligation in the balance sheet.
The assumptions reflect historical experience and current trends, but are sensitive to changes. There is
uncertainty about whether to recognise any surplus on the scheme.
Restricted cost recognition
The Company applies judgement in the recognition of restricted expenditure and basis this on mileage by
route, but other methods of calculating the split could achieve a different outcome.
Page 22

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Donations
Grants
163,026
32,500
1,003
1,455
164,029
33.955
Totsl 2025
195,526
2,458
197.984
Restricted Unrestricfed
funds
funds
2024
2024
Total
funds
2024
Donations
15,000
37,500
8.236
4,613
23,236
42,113
Grants
Total 2024
52, 500
12,849
65,349
Income from charitable activities
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Transport
Performance related grants
31,103
31.103
262,173
262,173
Total 2025
262,173
31,103
293,276
Restricted income includes £26.100 to represent the value of donated electric vehicle use from Surrey
County Council.
Page 23

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from charitable activities Icontinued)
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Transport
Performance related grants
21,196
21,196
147,814
147,814
Total 2024
147,814
21, 196
169,010
Income from other trading activities
Income from non charitable trading activities
Unrestricted
funds
2025
Total
funds
2025
Subsidiary company income
1,115,477
1,115.477
Unrestricted
funds
2024
Total
funds
2024
Subsidiary company income
1,183,541
1, 183,541
Investment income
Unrestricted
funds
2025
Total
funds
2025
Bank interest receivable
Pension income
1,954
9,000
1,954
9.000
10,954
10.954
Page 24

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment income (continued)
Unrestricted
funds
2024
Total
funds
2024
Investment income - local cash
787
787
Pension income
3, 000
3,000
3,787
3,787
Other incoming resources
Unrestricted
funds
2025
Total
funds
2025
Sundry income
25,020
25,020
Unrestricted
funds
2024
Total
funds
2024
Sundry income
22, 106
22,106
Page 25

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Government grants
During the year the charity re￿iVed the following grants from government bodies.
2025
2024
Waverley Borough Council
Surrey County Council
Haslemere Town Council
Farnham Town Council
Godalming Town Council
Chiddingfold Parish Council
Cranleigh Parish Council
Ewehurst Parish Council
Grayshott Parish Council
287,435
81,664
7,500
10,000
101,000
46,814
7,500
10,000
5,000
2,000
500
400
400
200
387,499
172,914
10. Expenditure on raising funds
Other trading expenses
Unrestricted
funds
2025
Total
funds
2025
Subsidiary company expenses
6,508
6,508
Unrestricted
funds
2024
Total
funds
2024
Subsidiary company expenses
4,579
4,579
Page 26

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11.
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2025
2025
Total
2025
Transport services
355,800
1,173,324
1,529,124
Restricted expenses includes £26,100 to represent the value of donated electric vehicle use from Surrey
County Council.
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Transport services
271, 179
1, 125,210
1,396,389
12.
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Transport services
1,122,635
406,489
1,529,124
Activities
undertaken
directly
2024
Support
Gosts
2024
Total
funds
2024
Transport services
1, 020, 054
3T6,334
1,396,388
Page 27

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Analysis of expenditure by activities (continued)
Analysis of direct costs
Total
funds
2025
Transport
2025
Vehicle costs
Vehicle storage costs
Staff costs
197,035
20,141
785,632
2,806
90,921
26,100
197.035
20,141
785.632
2,806
90.921
26,100
Training costs
Depreciation and (profit)Iloss on disposal
Donated cost of electric vehicles
Total 2025
1,122,635
1,122,635
Total
funds
2024
Transport
2024
Vehicle costs
Vehicle storage costs
Staff costs
203, 655
16,452
727, 644
2,046
70,257
203,655
16,452
727, 644
2,046
70,257
Training costs
Depreciation and {profit)Iloss on disposal
Total 2024
1, 020, 054
1, 020, 054
Page 28

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Analysis of expenditure by activities (continued)
Analysis of support costs
Total
funds
2025
Transport
2025
Staff costs
Depreciation
Establishment costs
316,039
6,890
23,860
2,481
5,337
2,108
3,225
12,343
15,305
2,964
7,313
8,624
316.039
6,890
23.860
2,481
5,337
2,108
3,225
12,343
15.305
2,964
7,313
8,624
Staff related costs
Telephone
Postage & ststionery
Advertising and marketing
IT development and maintenan
Accountancy & bookkeeping
Health & safety and professional fees
Sundry costs
Public relations
Total 2025
406,489
406,489
Page 29

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
Total
funds
2024
Transport
2024
Staff costs
269,544
6, 890
36,057
4,251
5, 756
1,835
2,189
10,808
6,398
2,876
6,385
7,971
10,074
5, 300
269,544
6,890
36,057
4,251
5, 756
1,835
2,189
10,808
6,398
2,876
6,385
7,971
10,074
5,300
Depreciation
Establishment costs
Staff related costs
Telephone
Postage & ststionery
Advertising and marketing
IT development and maintenan
Accountancy & bookkeeping
Entertainment
Health & safety and professional fees
Sundry costs
Public relations
Governance costs
Total 2024
376, 334
376, 334
13.
Auditorfs remuneration
2025
2024
Fees payable to the Company's auditor for the audit of the Company's
annual accounts
8.480
5,300
Fees payable to the Company's auditor in respect of..
All non-audit servi￿$ not included above
3,956
3,210
Page 30

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Stsff costs
Group
2025
Group
2024
Company
2025
Company
2024
Wages and salaries
Social security costs
Pension contributions
957.941
78.425
38.305
27,000
880, 298
65, 735
22, 154
29, 000
957,941
78,425
38,305
27,000
880,298
65, 735
22,154
29,000
Defined benefit pension adjustment
1,101.671
997, 187
1.101,671
997, 187
The average number of persons employed by the Company during the year was as follows..
Group
2025
No.
Group
2024
No.
Company
2025
No.
Company
2024
No.
Management and administration
Despatchers
Drivers
41
39
41
39
43
45
43
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
Group
2025
No.
Group
2024
No.
In the band £80,001- £90,000
In the band £90,001- £100,000
The total employee benefits, including employer pension contributions, of the key management personnel
were £99,221 {2024- £85,324).
Page 31

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15.
Trustees, remuneration and expenses
During the year, one or more Trustees has been paid remuneration or has received other benefits from
an employment with the Company. This is for services provided as General Manager and is permitted by
the governing documents. The value of Trustees, remuneration and other benefits was as follows:
2025
2024
R J H Davies
Remuneration
Pension contributions paid
82,000
7.160
74,280
2,048
During the year ended 31 March 2025, expenses totalling £NIL were reimbursed or paid directly to no
Trustee (2024 - £1,251 to l Trustee).
16. Tangible fixed assets
Group
Long-temi
leasehold
property
Plant and
machinery Equipment
Total
Cost or valuation
At 1 April 2024
Additions
153,934
4.810
823,079
249.125
1106,828)
15,244
992,257
253.935
{106,828
Disposals
At 31 March 2025
158.744
965.376
15,244
1.139.364
Depreciation
At 1 April 2024
Charge for the year
On disposals
61,308
3.134
552,109
95.024
(97,737)
3,811
3,811
617,228
101.969
(97,737)
At 31 March 2025
64.442
549.396
7,622
621.460
Net book value
At 31 March 2025
94,302
415,980
7,622
517,904
At 31 March 2024
92.626
270,9TO
11.433
3T5,029
Page 32

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Tangible fixed assets Icontinued)
Company
Long-tenn
leasehold
property
Plant and
machinery Equipment
Total
Cost or valuation
At 1 April 2024
Additions
153,934
4.810
823,079
249.125
1106,828)
15,244
992,257
253,935
{106,828)
Disposals
At 31 March 2025
158,744
965.376
15,244
1,139,364
Depreciation
At 1 April 2024
Charge for the year
On disposals
61,308
3.134
552,109
95.024
(97,737)
3,811
3,811
617,228
101.969
(97,737)
At 31 March 2025
64.442
549.396
7,622
621.460
Net book value
At 31 March 2025
94,302
415,980
7,622
517,904
At 31 March 2024
92,626
270,970
11,433
375,029
The net book value of assets held under finance leases or hire purchase contracts, included above, are
£131,587 (2024 - £143,335).
Page 33

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17.
Fixed asset investments
Investments
in
subsidiary
companies
Company
Cost or valuation
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Principal subsidiaries
The following was a subsidiary undertaking of the Company:
Name
Company
number
Holding
Included in
consolidation
Hoppa Limited
08793063
100% Yes
The financial results of the subsidiary ft)r the year were..
Name
Income
Expenditure Profitl(Loss)
for the year
Net assets
Hoppa Limited
1,115,477
(1,009,248)
106,229
Page 34

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. Debtors
Group
2025
Group
2024
Company
2025
Company
2024
Due within one year
Trade debtors
107,429
130, 402
2,363
262,465
27,052
Amounts owed by group undertakings
Other debtors
167,425
43,739
43,739
27,052
151.168
157,454
211.164
291,880
19.
Creditors: Amounts falling due within one year
Group
2025
Group
2024
Company
2025
Company
2024
Bank loans
Trade creditors
9,405
4,608
16,642
10,053
6,374
22. 149
9,405
4.608
16,642
10,053
6,374
22. 149
Other tsxation and social security
Obligations under finan￿ lease and hire
purchase contracts
Other creditors
34.939
6,539
69.748
32, 706
5,994
61,453
34.939
6,539
64.548
32, 706
5.993
56,254
Accruals and deferred income
141,881
138, 729
136,681
133,529
The net obligations under finance leases and hire purchase contracts are secured over the leased assets.
Page 35

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
20.
Creditors: Amounts falling due after more than one year
Group
2025
Group
2024
Company
2025
Company
2024
Bank loans
1.667
11,667
1.667
11,667
Net obligations under finan￿ lease and hire
purchase contracts
80,833
85,116
80,833
85,116
82.500
96, 783
82,500
96, 783
The net obligations under finan￿ leases and hire purchase contracts are secured over the leased
assets.
Included within the above are amounts falling due as follows:
Group
2025
Group
2024
Company
2025
Company
2024
Between one and two years
Bank loans
1.667
10,000
1.667
10,000
Between two and five years
Bank loans
1,667
1,667
The bounce back loan was obtained in May 2020 and the first repayment was made in June 2021.
Interest is payable at 2.5 % per annum and was paid by the Government for the first 12 months of the
loan.
Page 36

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21. Ststement of funds
ststement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
Unrestricted
funds
General Funds
415,641
1,185,012
(1,201.832)
22.000
106,899
505,720
Pension reserve
(22.000)
415,641
1,185,012
(1,179.832)
106.899
(22.000)
505,720
Restricted
funds
Propety Grant
Capital Grants
Hospital Hoppa
Demand
Responsive
Apprentice Fund
SCC donated
Evs
146,932
146.932
136,926
62,500
1136,926)
28.461
{90.961)
232,173
1238,739)
6,566
(5.000}
5,000
26,100
{26,100)
151,932
457,699
1355,800) 1106,899)
146,932
Totsl of funds
567,573
1,642.711
(1,535.632)
(22,000)
652.652
The propety grant of £150,000 was provided by Surrey County Council to purchase the Company's
current premises. The grant is repayable if the charity ceases to trade.
The Hospital Hoppa and Demand Responsive funds comprise grant funding for costs in connection with
these servI￿s. Costs have been apportioned in relation to mileage.
The capital grant is funds collected for the purchase of new buses and associated equipment.
Any excess of expenses over income has been met from unrestricted funds and is shown by transfer.
Page 37

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
21. Ststement of funds (continued)
ststement of funds - prior year
BalanGe at
31 MarGh
2024
BalanGe at
1 April 2023
Transfers
in/out
Gainsl
(Losses)
Income Expenditure
Unrestricted
funds
General Funds
372,697
1,243,478 (1, 144, 788)
15,000
(55, 746)
415,641
Pension reserve
(15,000)
372,697
1,243,478 (1, 129, 788)
(55, 746)
(15,000)
415,641
Restricted
funds
Property Grant
Capital Grants
Hospital Hoppa
Demand
Responsive
Apprenti￿ Fund
146, 932
15,119
146,932
15,000
15,(￿0
(30, 119)
35, 650
(50, 650)
170,314
(220, 529)
50,215
5,000
5,000
167,051
200,314
(271, 179)
55, 746
151,932
Totsl of funds
539, 748
1,443, 792
(1,400,967)
(15,000)
567,573
Page 38

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
22.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
146,932
370,972
517,904
359,129
359,129
(141,8811 {141,881)
(82,500)
(82.500)
Total
146,932
505,720
652,652
Analysis of net assets between funds - prior year
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
146,932
5. 000
228, 097
423, 056
(138, 729)
(96. 783)
375,029
428,056
(138, 729)
(96, 783)
Total
151,932
415,641
567,573
Page 39

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
23.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2025
Group
2024
Net income for the year (as per Statement of Financial Activities)
107,079
42,825
Adjustments for:
Depreciation charges
Lossl(Profit) on the sale of fixed assets
(Increase)IDecrease in debtors
Increasel(decrease) in creditors
Non-cash movement on pension liability
101,969
(4,159)
6.286
1,567
(22,000)
86,344
(9, 197)
18,574
(6, 681)
(15,000)
Net cash provided by operating activities
190,742
116,865
24. Analysis of cash and cash equivalents
Group
2025
Group
2024
Cash in hand
207,961
2TO,602
Total cash and cash equivalents
207.961
270, 602
25. Analysis of changes in net debt
Other non-
cash At 31 March
changes
2025
At 1 April
2024 Cash flows
New finance
leases
Cash at bank and in hand
270,602
(10,053)
(11,667)
1117,822) 1154,213)
(62.641)
10,648
207.961
{9,405)
{1.667)
{115,772)
Debt due within 1 year
Debt due after 1 year
Finance leases
(10,000)
10,000
156,263
131,060
1206.206)
156,263
81,117
Page 40

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
26.
Capital commitments
Group
2025
Group
2024
Company
2025
Company
2024
Contracted for but not provided in these
financial statements
Acquisition of tangible fixed assets
145,638
745,638
27.
Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £24,927 (2024 - £17,585).
Employee and employer contributions totalling £3,412 {2024 - £3,868} were payable to the fund at the
balance sheet date and are included in creditors.
The Group operates a defined benefit pension scheme.
The charity participates in a multi*mployer defined benefits pension scheme, Surrey County Council's
Occupational Pension Scheme.
The contributions paid during the year were £39,529 (2024 - £40,738). Contributions totalling £3,610 were
payable to the fund (2024 - £4,031) at the balan￿ sheet date and are included in creditors.
The most recent actuarial valuation was carried out for the year ended 31 March 2025 by Hymans
Robertson LLP.
Principal actuarial assumptions at the Balan￿ Sheet date (expressed as weighted averages)..
At 31 March At 31 March
2025
2024
Discount rate
Future salary increases
Future pension increases
At 31 March At 31 March
2025
2024
Years
Years
Mortality rates {in years)
- for a male aged 65 now
- at 65 for a male aged 45 now
- for a female aged 65 now
- at 65 for a female aged 45 now
21.6
21.7
21.0
25.1
21.1
25.2
25.8
25.9
Page 41

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
27.
Pension commitments (continued)
The Group's share of the assets in the scheme was:
At 31 March At 31 March
2025
2024
Equities
Corporate bonds
Propety
Cash and other liquid assets
663.300
722,260
73.700
14,740
632, 530
750,210
58, 840
29,420
Total fair value of assets
1,474.000
1,471,000
The actual return on scheme assets was £70.000 (2024 - £63.000).
The amounts recognised in the Consolidated Statement of Financial Activities are as follows..
2025
2024
Current service cost
27,000
(70.000)
61,000
29,000
(63,OOOJ
60,000
Interest income
Interest cost
Total amount recognised in the Consolidated Statement of Financial
Activities
18.000
26,000
Movements in the present value of the defined benefit obligation were as follows..
2025
2024
Opening defined benefit obligation
Current service cost
1,289,000
27.000
61,000
6.000
{172,000
(51.000)
1.297,000
29,000
60,000
6,000
(14,000)
(89,OOOJ
Interest cost
Contributions by scheme participants
Actuarial gains
Benefits paid
Closing defined benefit obligation
1,160,000
1,289,000
Page 42

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
27.
Pension commitments (continued)
Movements in the fair value of the Group's share of scheme assets were as follows..
2025
2024
Opening fair value of scheme assets
Expected retum on assets
Actuarial {lossesllgains
Contributions by employer
Contributions by scheme participants
Benefits paid
1,471,000
70,000
(62,000)
40,000
6,000
(51,000)
1,357,000
63,000
93,000
41,000
6,000
(89,000)
Closing fair value of scheme assets
1.474,000
1,471,000
The Group has a total unrecognised surplus of £314,000 (2024 - £182,000) in respect of its defined
benefit pension scheme as it does not expect to recover the plan surplus either through reduced
contributions in the future or through refunds from the plan.
Amounts for the current and previous period are as follovts:
2025
2024
Defined benefit obligation
Scheme assets
Unrecognised surplus
11.160,000) (1,289,000)
1.474,000
1,471,000
{314,000)
(182,000)
Net surplusl(deficit)
Surrey County Council have agreed to provide a guarantee for the defined pension scheme.
Page 43

WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
28.
Operating lease commitments
At 31 March 2025 the Group and the Company had commitments to make future minimum lease
payments under non-cancellable operating leases as follows..
Group
2025
Group
2024
Company
2025
Company
2024
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
18.000
72.000
9,000
18,000
72, 000
27,000
18,000
72,000
9,000
18,000
72,000
27,000
99.000
117,000
99,000
117,000
The following lease payments have been recognised as an expense in the Statement of Financial
Activities..
Group
2025
Group
2024
Company
2025
Company
2024
Operating lease rentals
18.000
15,000
18,000
15,000
29. Members. liability
Each member of the charitable company undertakes to contribute to the assets of the Company in the
event of it being wound up while helshe is a member, or within one year after helshe ceases to be a
member, such amount as may be required, not ex￿edIng £10 for the debts and liabilities contracted
before helshe ceases to be a member.
30. Related party transactions
During the year the Company traded with Hoppa Limited, a wholly owned subsidiary. Total sales, in the
form of recharged costs, amounted to £1,115,477 (2024: £1,059,638).
During the year gift aid distributions of £106,229 {2024'. £119,324) was receivable from Hoppa Limited.
At the year end, Hoppa Limited owed the Company £167,425 (2024.. £262,465).
Page 44