**Bexley Accessible Transport Scheme** (A company limited by guarantee)
## **Financial Statements Year Ended 31 March 2021**
Company Number: 04374810
Charity Number: 1106440
1
## **Bexley Accessible Transport Scheme**
## **Financial Statements**
## **Year Ended 31 March 2021**
## **Contents**
||**Page**|
|---|---|
|Charity Reference and Administrative Details|3|
|Trustees’ Annual Report (Including Directors’ Report and Strategic Report)|4 – 6|
|Independent Examiner’s Report|7|
|Statement of Financial Activities (Including Income and Expenditure Account)|8|
|Balance Sheet|9|
|Statement of Cash Flows|10|
|Notes to the Financial Statements|11 - 21|
## **Bexley Accessible Transport Scheme**
## **Charity Reference and Administrative details**
## **Year Ended 31 March 2021**
**Charity registration number** 1106440 **Company registration number** 04374810 **Trustees** Mr Dennis Roberts Mr Philip Hinton Mr Terry Murphy Mr David Garner Mr Edward Boateng **Chief executive officer** Mrs Lorraine Evans **Registered office** Office 9 Thames Road Depot Thames Road, Dartford DA1 5QJ **Independent examiner** Mrs Michelle Adams Adams Accountancy (Bexley) Limited Heritage House 34B North Cray Road Bexley, Kent DA5 3LZ
3
## **Bexley Accessible Transport Scheme**
## **Trustee’s Annual Report (Including Trustees Report and Strategic Report)**
## **Year Ended 31 March 2021**
The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published in October 2019.
## **Trustees of the charity**
The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows:
Mr Dennis Roberts Mr Philip Hinton Mr Terry Murphy Mr David Garner Mr Edward Boateng
## **Objectives and activities**
In accordance with the memorandum of association the objects of the charity are to provide a community transport service for the inhabitants of Bexley and its neighbourhood who are in need of such services because of age, sickness or disability (mental and physical) or poverty, or because of a lack of availability of adequate and safe public passenger services.
The charity aims to achieve the core objectives by:
- Providing transport for groups and individuals at affordable rates.
- Recruiting volunteer driver and training them to minibus awareness scheme (MIDAS) standard and accessible training.
- Providing information and advice and MIDAS training to voluntary groups operating their own minibuses and offering brokerage opportunities.
- Encouraging the best use of existing community vehicles.
- Marketing the scheme to groups with transport needs within the borough and in particular targeting disadvantaged and socially-excluded groups.
- Ensuring the management committee reflects users’ views as widely as possible.
- Developing new community transport services to meet identifiable needs.
- Meeting legal and statutory obligations.
4
## **Bexley Accessible Transport Scheme**
## **Trustee’s Annual Report (Including Trustees Report and Strategic Report)**
## **Year Ended 31 March 2021**
## **Strategic Report**
## **Achievements and performance**
Bexley Accessible Transport Scheme stood firm with a year of uncertainty. And the worldwide pandemic of Coronavirus.
In March 2020 seeing ALL services suspended and all Vehicles off road. The CEO has had a challenging year with the year end facing the pandemic.
With BATS vital connections with the community and the voluntary sector I am pleased to say we were able to secure funding, the biggest one from The National Lottery covid community support fund and Bexley council for the launch of the Shop N Drop service, which was a vital link in the community, ensuring digital exclusion and covid did not see people in their homes without food or medical supplies. Ending the year with the uncertainty of the coronavirus BATS CEO is working tirelessly with Bexley Local authority and strategic planning to coordinate plans for the changing future of 2021.
## **Financial review**
There was a surplus of £83,440 compared to £3,933 last year which due primarily to losses incurred on disposals of old vehicles where the carrying value was higher than the proceeds of sale.
It is the charity’s aim to build its reserves by widening its services. Our reserves are all unrestricted.
## **Plans for future periods**
BATS aim to adapt to the pandemic, offering services in line with current requirements, support the most vulnerable at this time, and gain funding for such services.
## **Structure, governance and management**
## **Nature of governing document**
The Company was incorporated as a company limited by guarantee (Number 04374810) and not having a share capital on 15th February 2002 and registered as a charity (Number 1106440) on 26th October 2004.
## **Governing document**
The Company was constituted under a memorandum, which established the objects and powers of the charitable company and is governed by its Articles of Association.
## **Induction and training of new trustees**
The Trustees are selected for their experience and skills relevant to the tasks required of the Board at each stage. Each new Trustee is interviewed and included into the project and its objectives and mission
## **Organisational structure**
The Trustees are responsible for the overall governance of the company and charity.
The management of the Charity is the responsibility of the Non-Executive Directors who act as Trustees for purposes of Charity Law and are elected and co-opted under the terms of the Articles of Association.
Trustees appoint Committees who meet periodically and report back to the main board. Each Committee provides regular reports to the main Board and makes recommendations to the Board on any matter within the remit of the Committee.
5
## **Bexley Accessible Transport Scheme**
## **Trustee’s Annual Report (Including Trustees Report and Strategic Report)**
## **Year Ended 31 March 2021**
## **Relationships with related parties**
Bexley Accessible Transport Scheme is an independent Charity. The Charity owns all the issued share capital of BATS GROUP LIMITED, a dormant company registered at Companies House (number 06963718). This company has not traded, and the trustees have no plans for it to commence trading at the date of this report.
## **Statement of trustees’ responsibilities**
The Trustees (who are also directors of Bexley Accessible Transport Scheme for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charitable company and the incoming resources and application of the resources, including the net income or expenditure, of the charitable company for the year. In preparing these financial statements, the Trustees are required to:
- a) select suitable accounting policies and apply them consistently;
- b) observe the methods and principles in the Charities SORP;
- c) make judgements and estimates that are reasonable and prudent; d) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 21[st] December 2021and signed on its behalf by:
Mr Dennis Roberts Trustee
6
## **Bexley Accessible Transport Scheme**
## **Independent Examiner's Report to the Trustees of Bexley Accessible Transport Scheme**
## **Year Ended 31 March 2021**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2021 which are set out on pages 8 to 10
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants England & Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Mrs Michelle Adams Institute of Chartered Accountants England & Wales Adams Accountancy (Bexley) Limited Heritage House, 34B North Cray Road, Bexley, Kent, DA5 3LZ Date 21[st] December 2021
7
## **Bexley Accessible Transport Scheme**
## **Statement of Financial Activities (Including Income and Expenditure Account)**
## **Year Ended 31 March 2021**
|Note
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
**Total income and endowments**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net income**
**Net movement in funds**
17
**Reconciliation of funds:**
Total funds brought forward
17
**Total funds carried forward**
17|Unrestricted
funds
2021
Total
£
£
86,167
86,167
656,963
656,963
743,130
743,130
(659,690)
(659,690)
(659,690)
(659,690)
83,440
83,440
83,440
83,440
88,822
88,822
172,262
172,262|2020 Total
£
38,980
1,038,884|
|---|---|---|
|||1,077,864
(1,073,931)|
|||(1,073,931)|
|||3,933|
|||3,933
84,889|
|||88,822|
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
8
## **Bexley Accessible Transport Scheme**
## **Balance Sheet**
## **Year Ended 31 March 2021**
|Note
**Fixed assets**
Tangible assets
11
Investments
12
**Current assets**
Debtors
13
Cash at bank and in hand
**Creditors: amounts falling due within one year**
14
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
15
**Net assets / (liabilities)**
**Charity Funds**
Unrestricted funds
17
**Total charity funds / (deficit)**
17|2021
£
204,137
100
204,237
103,127
66,037
169,164
(164,680)
4,484
208,721
(36,459)
172,262
172,262
172,262|2020
£
233,504
100|
|---|---|---|
|||233,604
93,846
-|
|||93,846
(167,035)|
|||(73,189)|
|||160,415
(71,593)|
|||88,822|
|||88,822|
|||88,822|
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board on 21[st] December 2021
Signed on behalf of the board of trustees
Mr Dennis Roberts, Trustee
The notes on pages 11 to 21 form part of these financial statements.
9
## **Bexley Accessible Transport Scheme**
## **Statement of Cash Flows**
## **Year Ended 31 March 2021**
|**Cash flow from operating activities**
**Adjustment to cash flows from non-cash items**
Depreciation
Loss/(profit) on Disposal of fixed assets held for the charity’s own use
**Working capital adjustments**
Increase in Debtors
Increase in Creditors
**Net cash flow from operating activities**
**Cash flow from investing activities**
Purchase of tangible fixed assets
Sale of tangible fixed assets
**Net cash flow from investing activities**
**Cash flow from financing activities**
Repayment of loans and borrowings
**Net increase / (decrease) in cash and cash equivalents**
**Cash and cash equivalents at 1 April**
**Cash and cash equivalents at 31 March**||2021
£
83,440
22,682
(11,518)
94,604
(9,281)
7,975
93,298
-
18,203
18,203
(45,464)
66,037
-
66,037||2020
£
3,933
26,137
1,570|
|---|---|---|---|---|
|||||28,500
(41,181)
32,240|
|||||19,559|
|||||(33,937)
7,140|
|||||(26,797)
(35,104)
(42,342)
42,342|
||||||
|||||-|
10
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **1 Summary of significant accounting policies**
## **(a) General information and basis of preparation**
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per trustee of the charity.
The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are accessible transport for the most vulnerable members of our community.
The charity constitutes a public benefit entity as defined by FRS 102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and UK Generally Accepted Accounting Practice.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## (b) **Funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity 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 the donors or which have been raised by the charity for particular purposes. The aim and use of each fund are set out in the notes to the financial statements.
11
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **(c) Income recognition**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
The charity received government grants in respect of Covid-19. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
## **(d) Expenditure recognition**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
## **(e) Support costs allocation**
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on the spread of staff costs.
12
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **(f) Tangible fixed assets**
Tangible fixed assets costing £1,000 or more are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Fixtures and fittings 100% on cost Motor vehicles 10% Written down value
## (g) **Investments**
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
## **(h) Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **(i) Loans and borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interestbearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **(j) Provisions**
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
13
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **(k) Tax**
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
## **(l) Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.
This position is supported by the ongoing provision of finance from the charity's bankers and improved net current liability position to date post year end.
## **2 Income from donations and legacies**
|Donations from individuals
Grants
Regular giving and capital donations|2021
£
9,473
75,500
1,194
86,167|2020
£
37,504
-
1,476|
|---|---|---|
|||38,980|
£75,500 (2020 - £0) of government grants and lottery support were received for Covid response and creation of a new website.
## **3 Income from charitable activities**
|Travel training
Covid community support
Transport and hire|2021
£
64,776
154,594
437,593
656,963|2020
£
101,562
-
937,322|
|---|---|---|
|||1,038,884|
14
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **4 Analysis of expenditure on charitable activities**
|Community Transport Services
Depreciation, amortisation and
other similar costs
Staff costs
Governance costs|Unrestricted funds
General
Total 2021
Total 2020
£
£
£
257,068
257,068
403,030
11,164
11,164
27,707
386,805
386,805
638,541
4,653
4,653
4,653|
|---|---|
||659,690
659,690
1,073,931|
£148,719 (2020 - £10,983) of Job Retention scheme income has been included in Staff costs.
## **5 Governance costs**
||2021|2020|
|---|---|---|
||£|£|
|Auditor’s / independent examiners remuneration|||
||1,960|1,960|
|Other|2,693|2,693|
||_______|_______|
||4,653|4,653|
||_______|______|
||________|________|
|**et income / (expenditure) for the year / period**|||
|et income / (expenditure) is stated after charging / (crediting):|||
||2021|2020|
||£|£|
|Depreciation of tangible fixed assets|22,682|26,137|
|(Gain) / loss on sale of tangible fixed assets|(11,518)|1,570|
## **6 Net income / (expenditure) for the year / period**
Net income / (expenditure) is stated after charging / (crediting):
15
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **7 Trustees' and key management personnel remuneration and expenses**
The trustees neither received nor waived any remuneration during the year (2020: £Nil).
## **8 Staff costs and employee benefits**
The average monthly number of employees and full time equivalent (FTE) during the year/period was as follows:
||2021||2020|
|---|---|---|---|
||Number|Number||
|Accessible Transport Services|48||45|
||________|________||
|he total staff costs and employee benefits|were as follows:|||
|||2021|2020|
|||£|£|
|Wages and salaries||507,007|615,938|
|Social security||22,007|25,307|
|Pension costs||6,509|8,279|
|Job Retention Scheme||(148,719)|(10,983)|
|||________|________|
|||386,804|638,541|
The total staff costs and employee benefits were as follows:
## **9 Staff costs and employee benefits (continued)**
No employees received total employee benefits (excluding employer pension costs) of more than £60,000.
The total employee benefits of the key management personnel of the charity were £46,510 (2020:£43,253).
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
16
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **11 Tangible fixed assets**
|Cost or valuation:
At 1 April 2020
Additions
Disposals
Revaluation
At 31 March 2021
Depreciation:
At 1 April 2020
Charge for the year
Impairment
Revaluation
Eliminated on disposals
At 31 March 2021
Net book value:
At 31 March 2021
At 31 March 2020|Fixtures and
fittings
Motor vehicles
Total
£
£
£
31,702
395,139
426,841
-
-
-
-
(32,164)
(32,164)
-
-
-|
|---|---|
||31,702
362,975
394,677|
||31,702
161,635
193,337
-
22,682
22,682
-
-
-
-
-
-
-
(25,479)
(25,479)|
||31,702
158,838
190,540|
||-
204,137
204,137|
||-
233,504
233,504|
17
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **12 Fixed asset investments**
|**2**
**Fixed asset investments**||
|---|---|
|Cost or valuation
At 1 April 2020
Additions
Disposals
Revaluation
At 31 March 2021
Impairment
At 1 April 2020
Written off
Written back
Eliminated on disposals
At 31 March 2021
Carrying amount:
At 31 March 2021
At 31 March 2020|Other
investments
£
Total
£
100
100
-
-
-
-
-
-|
||100
100|
||-
-
-
-
-
-
-
-|
||-
-|
||100
100|
||100
100|
Included within other investments is a 100% holding in the ordinary share capital of BATS Group Limited. A Dormant company incorporated in England and Wales. Its registered office address is Office 9, Thames Road Depot, Thames Road, Dartford, England, DA1 5QJ. At the year end, the aggregate capital and reserves of the company amounted to £100 and profit for the year amounted to £nil.
|Shares in group undertakings and participating interests|2021
2020
£
£
100
100|
|---|---|
||100
100|
18
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **13 Debtors**
|Trade debtors
Other debtors
Accrued income
**reditors: amounts falling due within one year**
Bank loans and overdrafts
Trade creditors
Other tax and social security
Accruals and deferred income|2021
£
83,180
18,326
1,621
103,127
2021
£
40,283
40,888
16,345
67,164
164,680|2020
£
43,588
28,143
22,115|
|---|---|---|
|||93,846|
|||2020
£
50,613
60,402
9,043
46,977|
|||167,035|
## **14 Creditors: amounts falling due within one year**
Bank loans and overdrafts totalling £40,283 (2020 - £45,432) are secured against the assets of the charity.
## **15 Creditors: amounts falling due after more than one year**
|Bank loans and overdrafts|2021
£
36,459
36,459|2020
£
71,593|
|---|---|---|
|||71,593|
Bank loans totalling £36,459 (2020 - £71,593) are secured against the assets of the charity, notably the motor vehicle fleet.
19
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **16 Deferred income**
|At start date 2021
Additions during the year
Amounts released to income
At end date 2021
At start date 2020
Additions during the year
Amounts released to income
At end date 2020|Under 1
year
Over 1
year
Total
£
£
£
-
6,046
6,046|
|---|---|
||-
6,046
6,046|
||Under 1
year
Over 1
year
Total
£
£
£
-
6,046
6,046|
||-
6,046
6,046|
Income has been deferred until the client resumes normal use of services.
## **17 Fund reconciliation**
## **Unrestricted funds**
|Unrestricted
Unrestricted|Balance
at 2020
Income
Expenditure
Transfers
Gains /
(losses)
Balance
at 2021
£
£
£
£
£
£
(88,822)
(743,130)
659,690
-
-
(172,262)|
|---|---|
||(88,822)
(743,130)
659,690
-
-
(172,262)|
||Balance
at 2019
Income
Expenditure
Transfers
Gains /
(losses)
Balance
at 2020
£
£
£
£
£
£
(84,889)
(1,077,864)
1,073,931
-
-
(88,822)|
||(84,889)
(1,077,864)
1,073,931
-
-
(88,822)|
20
## **Bexley Accessible Transport Scheme**
## **Notes to the Financial Statements**
## **Year Ended 31 March 2021**
## **18 Analysis of net assets between funds**
|Fixed assets
Fixed asset investments
Other current assets
Other current liabilities
Creditors more than one year
Total|Unrestricte
d funds
Total
Unrestrict
ed funds
Total
2021
2021
2020
2020
£
£
£
£
204,137
204,137
233,504
233,504
100
100
100
100
169,164
169,164
93,846
93,846
(164,680)
(164,680)
(167,035)
(167,035
(36,459)
(36,459)
(71,593)
(71,593)|
|---|---|
||172,262
172,262
88,822
88,822|
## **19 Related party transactions**
There are no related party transactions during the period (2020: £ nil).
21