Bexley Accessible Transport Scheme (A company limited by guarantee) Audit Report and Financial Statements Year Ended 31 March 2023 Company Number: 04374810 Charity Number.. 1106440 "A(IPIEYX• 19112f2023 COMPANIES HOUSE A15
Bexley A¢¢esslble Transport Scheme Flnancial Statements Year Ended 31 March 2023 Conlents Page Charity Reference and Adminislratr"ve Detsils Trustees, Annual Report Ilncluding Directors, Report and Strategic RetM)rtl Independent Auditors. Report Stslemenl of Financial Acbvitses Ilncluding Ineome and Expenditure Account) Balance Sheet 10 11 Statement of Cash Flows 12 Notes to the Financial Statements 13-23
Bexlgy Accessible T Ansport Scheme Charity Reference and Administrative detsits Y•ar Ended 31 March 2023 Charity rfjgbstTation number 1106440 Company reglstratlon number 04374810 Trustees Mr Dennis Roberts Mr Philip Hinton Mr Terry Mljrphy Mr Edward Boaleng Mrs Jacqueline Wilsher-Elb"s Mrs Mariam Odurnosu Mrs Oluwafunmike Adelekun Chief exec1ve officer Mrs Lorraine Evans Regislered office Office 9 Thames Road Depol Tharnes Road. Dartford DA1 5QJ Accounlanls Mrs Michelle Adams Adams Accountancy {Bexley} Limrted Heritage House 34B North Cray Road Bexley, Kent DA5 3LZ Auditoys HSJ Audit Limrted Sevem House Hazell Drive Newport NP108FY
Bexley Accessible Transport Scheme Trustee's Annual Report {Including Truslees Report and Strategic Report) Year Ended 31 March 2023 The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Ststement of Recommended Practi¢e {SORPI'Accounting and Reports"ng by charit$" in weparing the annual rep)rt and financial statements of the charity. The finanaal statements have been prepared in accordancewilh the accounting policie5 set out in notes to the accounts and comply with the charity's govemirbg document. the Char6lies Aet 2011 and Accounting and Reporb"ng by Charits"es." Statement of Recommended Praety"ce applicable lo chafilies 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 eharitable company are ts trustees for the purposes of charrty law. The tnjslees who have served during the year and since the year end were as follows.. Mr Oennis Roberts Mr Philip Hinton Mr Terry Murphy Mr Edward Boateng Mrs Jacqueline Wilsher-Ellis Mrs Mariarn Odumosu Mrs Oluwafunmike Adelekun Objectives and activities In accordance with the memorandum of association the objects of the charity are to provide a communty transport service for the inhabitsnls of Bexley and rts neighbourhood who are in need of such services because of age, sickness or disability Imenlal and physKall or poverty. or because of lack of availability of adequate and safe publi¢ passenger services. The charity aims to achieve the core objectives by- Providing transport fof groups and Individuals at affordable rates. Recruiting volunteer driver and training them to minibus awareness scheme IMIDASI 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 wrthin the borough and in particular largeling disadvantaged and sociallyexcluded group5. Ensunng the management committee reflects users, views as widely as possible. Developing new community transport service5 to meei KJents"fiable needs. Meeting legal and ststutory obligakn"ons.
Bexley Ac¢¢ssible Transport Scheme Trustee's Annual Report (Ineluding Twstees Report and Strategic Reporti- Year Ended 31 March 2023 Flnanclal revigw There was a profit of £84,112 compared to loss of £115,113 last year which due primarity lo resuming operations post Covid and innalion. There have been many obstacles lo dimb lo berne operational again, limited vehicle manufacturing has been a barrief in getting back up and running. The community'$ overall confidence in resuming aclivilies pre covid has been sbw. Our reserves are all unrestncled. Achigvements. performance and plans for futhre periods Bats have regained full pre COV operations. wrth even greater emphasis on the community in Bexley and surrounding areas. Collecting data on requirements needed post Covid and filing the gaps lo reduce Loneliness and isolation including poor health bought on by but not limited to- age or disabilities. Bats are passionate regarding reducing our carbon f¢JOtprint, a full fleet impact assessment on fleet regeneration to fall in line wth the mayor of London's Air qualrty impact. Ensuring Bals fleet are not on quality vehicles but helping lo reduee emissions. The inherent nature of Bals helps lo reduce this by way of vehicle pooling. However, more can be done to ensure clean air in Bexley. Bats new and improved website makes inforrnation and enquiries seamless. We understsnd there will be challenges. however Bals team are ready for another year of providing Vrfal services. Structure, governance and management Nature of goveming document The Company was incorporated as a company limited by guarantee (Number 043748101 and not having a share Capital orb 15th February 2002 and registered as a eharrty (Number 11064401 on 26th October 2004. Governing document The Company was constituted under a memorandum. whKh established the objects and powers of the charitable company and is governed by its ArtJ"cles of Associab"on. Induction and training of new trustees The Trustees are selected for their experience and skills relevant to the tssks required of the Board al each stage. Each newTTUStee is inteNiewed and included into the project and its objectrves and mission Oiganlsational structure The Trustees are responsible for the overall govemanee of the company and charity. The management of the Charity is the responsibility of the Non-Execulive Directors who act as Trustees for purposes of Charity Law and are elected and ccpopted under the lemis of the A'cleS of Association. Trustees appoirbt Commrttees who meet periodicalty and rewrt back to the main board. Each Committee provide$ reguLar reports to the main Board and makes recommendations to the Board on any matter wthin the remit of the Commrtiee.
Bexley Accessible Transport Scheme Trustee's Annual Report Ilncluding Truslees Report and Strategic Report) Year Ended 31 March 2023 Relationships with related parties Bexley Aecessible Transport Scheme is an independent Charity. The Charity owns all the issued share capital of BATS GROUP LIMITED, a domant company registered al Companie5 House (number 069637181. This company has nol traded. and the trustees have no plans for it to eommence trading at the date of this reporL Statement of trustees, responsibiltties The Trustees Iwho are also directors ol Bexley Accessible Tfansport Scheme for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financsal statements in accordance with applicable law artd United Kingdom Accountsng Stsndards {Uniled Kingdom Generally Accepted Aeeounting Pract}. Company law in England and Wales requires the trustees lo prepare financial slalements for each financial year which give a true and fair view of the charitable company and the iricoming resources and application of the resource5. including the nel income or expenditure. of the charitable eompany for the year. In preparing these financial statements. the Trustees are reqUId lo". select suitable accounts.ng l¢leS and apply Ihem consistenWy,' observe the melh¢)ds and principles in the Chanlies SORP.. make judgements and estimates that are reasonable and prudent., stste whether applicable accounting standards and slalemenls of recommended praclice have been followed. subject to any departures disck)sed and explained in the financial statements.. prepare the financial statements on the going concern basis unless it 15 Inappropriate to presume that the charity will continue in operation. b) The tnjstees are responsible.for keeping proper accountin9 records that disc105e wilh reasonable accuracy at any time the financial posjtion of the charity and enable them to ensure that the financial stslements comply wlh the CharitEs Aei 2011, the Charities lAcU and Reports) Règulations 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 deteCtn of fraud and other irregularits'es. The annual report was approved by the trustee$ of the chafity on 1911212023 and Sfted on ts behalf by Mr Dennis Roberts Trustee
Bexley Accessible Transport Scheme Independent Auditors, Report to the Tntstees of Bexley Accessible Transport Scheme Year End8d 31 Marth 2023 Opinion We have audited the financial statements of Bexley Accessible Tran5POrt Schemes (the 'chanty'} for the year ended 31 March 2023, which comprise the Statement of Financial Activitie5, Balance Sheet, Stalemenl of Cash Flows. and Notes to the Financial Statements, including a summary of significant accounting policie5. The financial reporting framework that has been applied in their preparatson is United Kingdom Accounting Standards, comprising Charities SORP- FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalemenls". give a tnje and fair view of Ihe slate of the charity's affairs as at 31 March 2023 and of its inmIng resources and application of resources, including rts income and expenditure, for the year then ended", have been property prepa.red in xcordance with United 'ngdorn Generally Accepted Accounting Practs"ce'. and have been prepared in accordance wth the requirements of the Companies Act 20C6. Basis for opinion We conducted our audrt in accordance wtlh Inlernab'onal Standards on Auditing (UK) {ISAs {UKII and applicable law. Our responsibilib.es under those 51andaTds are further deseribed in the auditor responsibilities for the audit of the financial stalernents section of our report. We are independent of the charity in accordance the ethical requirements that are relevant lo our audit of the financial statements in the UK. Including the FRC'S Ethical Slandard, and the provisions available for small enlilies, In the circumstsnces sel out in note lo the financial statements. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriate kn provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial slatefnenls. we have Concluded that the truslees use of the 90ing concem basis of accounts'ng in the preparats'on of the financial statements is appropriate. Based on the work we have perfomled, we have not rdents.fred any material uncertainb'es relating lo events or conditions that, individually or collectively, may cast Slgnfficanl doubl on the charity's ability to continue as a going concem for a period of at least tsvelve months from when the original financial statements were aulhorised for issue. Our responsibilib.es and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other information The trustees are reswnsible for the other infomiation. The other infomiatTon comprises the information included in the annual report, other than the financial statements and our audilo¢s report thereon. Our opinion on the financial slalements d5 not cover the other information and, except lo the extent otherwise explicitly staled in our report. we do not express any form of assuran Conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read Ihe other infomialion and. in doing $0. consider whether the other infomats.on is materially inconsislenl with the financial statements QT our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misslatemenls, we are required to determine whether there is a material mi5s1atement in the financial statements or a material misstatement of the other infomialion. If, based on the work we have performed. we conclude Ihal there is a material misstslement of this other inf0Matn, we are required to report that fact.
8exley Accessible Transport Scheme Independent Audltors. Report to tho Trustths of Bexley Accessible Transport Scheme Year Ended 31 March 2023 We have nothing lo report in this regard. Opinion on other mattern prescrlbed by the C(panIeS Act 21)06 In our opinion, based on the work undertaken in the course of the audrt.. the information given in the Stfategic Report and Trustees, Report for the financial year for which the financial slalements are prepared is consistent Wtth the financial statements." and the Strategic Report and Trustees, Report have been prepared in accordance wilh applicable legal requirements. Responsibilitles of trustees As explained more fulty in the Statement of Trustees, Responsibilities (set out on page 51. the trustees are responsible for the preparab.on of the finanual slatemen15 and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of finanaal statements thal are free fr(Yn material misstslement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessin9 the charity's ability to eonlinue as a going eoneern, disclosing. as applicable. matters related lo going ncern and using the going concern basis of accounts.ng unkss the trustees either intend to liquidate the ¢harity or to cease operaltons, or have no realisti¢ atternalive bul to do so. Matters on which we required to report by exceptiOD In the light ofour knowledge antj understanding of the charity and its environment obtained in the course of the audit, we have not Identified maten.al misstatements in the Strategic Report and the Trustees. Report. We have nothing to rewrt in respect of the followng matters where the Companies Ad 2CN)6 requires us to report to you rf, in our opinion.. adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us., or the financial ststements are not in a9reemenl wilh the accounting records and retums,. or ertain disclosyres of trustees remunerab.on specified by law are not made.. or we have not recwved all the information and explanab.ons we require for our audit.
Bexley Accessible Transport Scherne Independent Auditors, Report to the Tnle¢S of Bexloy A¢¢esslblo Transport Scheme Year End•d 31 March 2023 Auditor's responsibilities for the audit of the financial statements Our objectives are to obtsin reasonable assurance about whether the finanual statements as a whole are free from material misstatement, whether due lo fraud or effor, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran. bLtrI is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material m15Statemenl when it exists. Misstatements can arise from fraud or error and are considered mater1 if. individually or in the aggregate. they could reasonably be expected to inflLbence the economic decisions of users taken on the basis of these financial slalements. The extent lo which our prc¢edures are Capable of deleeling IrregularitS, induding fraud is detailed below-. We coroborated our enquiries of management by reVW of Corresponden with HMRC and The Charity Commission and other regulalory bodies. We considered the risk of fraud through management ovenide and. in response. we incorporated lesling of manual journal entries into audit approach. Based on the results of our risk assessment we designed our audrt proeedures to identify and address material misststements in relation to fraLKI. A further description of our responsibilities is available on the Financial ReFKJrting Council's website at.. www.frc.org.ukJauditorsresponsibilitses_ This descripty.on fomis part of our audilorfs report. A further description of our responsibilities for the audil of the financial stslements is loealed on the Financial Reporting Councd's website at wvAv.frc.org.ukJauditorsrespOnsibilil. This de$enpts"on form$ part of our audrtoi's reporL Use of our report This report is made solely to the charitable companvs trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we rnighl state to the charity's Iruslees those matters we are required to Stale lo them in an auditor's reF)Ort and for no other purpose. To the fullest extent permitted by law. we do nol a¢cepl or assume responsibility lo anyone other than the charitable company and ils trustees as a body, for our audit work, for this report. or for the opinions we have fomied. drew Hill (Senior Statutory Audilorl For and on behalf of HSJ Audit Limited. Siatulory Audf(or Severn House Hazell Drive Newport South Wales NP10 8FY Date.. 2011212023
8exley Accessible Transport Schemo Stalement of Financial Activities {Includin9 Income and Expendilufe Account) Year Ended 31 March 2023 2023 Total 2022 Total Income and •ndowm•nts from: Donations and legacies Charitable activities 4.499 1,006.284 4,499 1,006.284 22.697 794.623 Total incom• and endowments 1.010.783 1.010.783 817,320 Expenditure on: Charitable activities 1926.6711 1926.671} 1932.4331 Tolal expenditure {926.671) 1926.671) {932,433) Nel incom 84,112 84.112 1115,113) Net movement in funds 17 84.112 84.112 1115,113) Reconciliation of funds: Totsl funds brought foTrvard 17 57,149 57.149 172.262 Total fvnds carried forward 17 141.261 141.261 57,149 All income and expenditure derive trom ccK)tinuing activities. The statement of financial actNities inelle$ au gains and losses re¢ognised dunng the year. 10
Bexley Accèssible Transport Schemo Balance Sheet Y•ar End•d 31 Mah 2023 2023 2022 Note Fixed assets Tangible assets Investments 169.930 100 197,905 100 12 170.030 198,005 Current assets Debtors Cash at barbk and in hand 13 42.954 16,882 87.078 128,8521 59.836 58,226 Creditows: amounts falling due wlthin one year 14 188,6051 1189.7691 Net currenl {liabilitiesVassets 128,7691 1131.5431 Total ass•ts less current liabilities 141,261 66.462 Creditors: amounts lalling due after more than one y•ar 15 19.313) Net assets 141.261 57,149 Charity Funds Unrestn'cted funds 17 141.261 57,149 Total chaflty funds 141,261 57,149 For the financial year in question the eompany was entttled to exempkn'on under section 477 of the Companies Act 2006 relating to small companies. The director5 acknowledge their responsibil for complying with the requirements of the Act with respect lo accounting records and for the preparation of accounts. These accounts have been prepared in accordance th the provisions applb lo mpanieS 5ubje¢t to the small ¢ompanies' 1rne. The finanaal statements were approved and authorised for issue by the Board on 1911212023. Signed on half of the board of trustees Mr Dennis Roberts, Trustee The notes on pages 11 to 21 form part of these financial statements.
8exley Accessible Transport Schem• Statement of Cash Fl¢)ws Year Ended 31 March 2023 2023 2022 Cash flow from operallng actl¥ltles 84,112 1115,1131 Adjustment to cash flows from TrOn•Sh items Depreciation Loss]Iprofill on Disposal of fixed assets held for the charity's own use 18,558 161 22,172 4.768 102,831 88.1731 Working capStal adjustments Decrease in Deblors {Oecrease)Ilncrease in Creditors 44,124 180,9631 16,049 38,226 Net cash flow from operating activities 65.992 (33,8981 Cash flow from investing activitles Purchase of tangible fixed assets Sale of tangible lixed assets 110.257) 19,514 121,250) 542 Nèt cash flow from Investing activities 75,249 154,6061 Cash flow from financing activities Repayment of loans and borrowings 129,5151 140,283) Nel increase l (decrease) in cash and cash equivalents 45.734 194.8891 Cash and cash equivalents at 1 April 128.8521 66,037 Cash and cash equivalents al 31 March 16.882 {28.852} 12
8exley Accesslble Transport Scheme Notes to the Fin•n¢ial Statements Year End¢d 31 Mar¢h 2023 1 Summary of significant accounting policios (•) General information and b*sis of prepar•tlon The charity is limited by guarantee. incorporated in England. and consequently does not have share capital. In the event of the chanty being wound up. the liability in respect of the guorantee is limrted lo £1 per tnjslee of the charity. The address of the registered Offi is gwen in the chanty inforniation on page 1 of these financial statements. The nature of the ehariWs operatsons and principal activities are accessible transport for the most vulnerable members of our Community. The charity constitutes a public benefit ents.ty as defined by FRS 102. The financial statemenis have been prepared in accordan wlh Accounts"ng and Reporb"ng by Charities". Statement of Recommended Practice applicable lo charib.es preparing their aecounls in aeeordance wrth the Financial Reporbng Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Stsndard appIable in the Unrted Kingdom and Republic of Ireland {FRS 102}, and UK Generally Accepted Accountrng Practice. The trustees assess whether the use of going nCern is appropriate i.e., whether there are any material uncertainties related to events or condrtions that may st significant doubt on the ability of the charity lo contsnue as a going concem. The trustees make this assessment in respect of period of one year from the date of approval of the financial statemenls. The significant accounting policies appl1 in the preparation of these financial ststements are set out below. These polie5 have been consistenty applied to all years presented unless otherwise stated. (bl Funds Unreslricled funds are available for use al the discretDn of the trustees in furtherance of the general obie¢tr"ves of the charity and 1¢h have not been designated for other purposes. Reslricled funds are funds which are lo be used in accordance with specifi¢ restn'clions imposed by the donois or which have been raised by the charity for particular purp95es. The aim and use of exh fund are sel out in the notes to the financial statements. 13
Bexley Accessible Transport Scheme Noles to the Financlal Statements Year Ended 31 March 2023 Ic} Income recognition All incoming resources are included in the Statement of Financial Activities ISOFAI when the harty B legally enlilled lo the income after any performance Conditn$ have been met. the amount Can be measured reliabty, and r( is probable that the income will be received. For donations to be recc4nised the charity will have been notified of the amounts and the settlement date in wribng. If there are eonditions attached to the donation and this requires a level of performanee before eAtiement can be obtained, then income is deferred until those conditions are fully met or the fulfilrnent of those conditi'ons is wthin the control of the charity, and it is probable that they will be fulfilled. Fixed asset gifts in kind are reeognised when Teeeivable and are included al fair value. They a not deferred over the life of the assel. Income from trading activities indudes income eamed from fundraising events and trading aelivilies to raise funds for the charity. Income is received in exchange for supplying goods and services In order to false funds and is reco9nised when ent((ment has occurred. Income from govemment and other grants are recognised at fair value when the charity has entitlement after any performance condib.ons have been met. it 15 probable that the income will be received and the amount can be measured reliably. If enb"tlement is not met then these amounts are deferred. (dl Expenditure recognition All expenditu is accounted for on an accnjals basis and has been classified under headings that aggregate all costs related lo the category. Expenditure is rQgnised where there is a legal construcb.ve ollHJalion to make payrnenls to third path"es. il is probable that the settlement will be required and the amount of the obligatn can be measured reliabty. lel 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. govemance costs, administratsve payroll costs. They are ineurred directly in support of expenditure on the objects of the charity and Include project management carried out at Headquartets. Where support costs cannot be directly attfibuled lo particular headin9s they have been allocated to cost of raising funds and expenditure on charilable activities on a basis consistent with use of the resources. Premises overheads have been allcKated on the spread of staff costs. 14
Bexley Accessible Transport Scheme Noles to the Financial Statements Year Endgd 31 Mah 2023 11) Tangible fixed assets Tangible fixed assets Costing £1,000 or more are stated at cost lor deemed costl or valuation less accumulated depreeiation and auMUlated impaiment losses. Depreciation 15 provided on 1 tangible ffixed assets. at rates calculated to write off the cost, le5S estimated residual value. of each asset on a systematic basis over its expected useful life a5 follows.. Fixtures and fittings Office equipment Motor vehides 33% on eost 33% on cost 10% Written down value Ig} Investments Fixed asset investments. other than programme related investments. are included at market value at the baban¢e sheet date. Realised gains and losses on investments are calculated as the difference behveen sales proceeds and their market value al the start of the year, or their subsequent cost. and are charged or credrted to Ihe Slatemenlof Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are rediled or charged to the Slatefflent of Financial Activities based on the market value at the year end. (h) Debtors and creditors rffeivable I payable wlthin one year Debtors and creditors wth no stated interest rate and receNable or payable wlhin one year are recorded at transacts.on Pre. Any losses arising from Impairment are recognised in expenditure. li) Loans and boowing$ Interest-bearing borrowngs are inib.ally recorded at fair value. net of transaction costs. Interest- bearing borrowings are subsequently carried al amortised cost, with the difference between the proceeds, net of transaclKJn costs. and the amount due on redemptDn being regnIsed as a charge to the Ststement of Financial Aclivrties over the Per of the relevant borrowing. Interest expersse is recognised based on the effective interest melhod and is induded in interest payable and similar charges. Borrowings are dassified as currentliabilities unless the charty has an unconditsonal rightto defer sethemenl of the liability for at least ttvefve months after the reporbng date. U) Provisions Provisions are recognised when the ehanty has an obligation al the balance sheet date as a result of a past event. il is probable that an oufflow of economic benefits will be required in settlement and the amount can be rellaY estimated. 15
Bexley Atcessible Transport Scheme Notes to the Financlal Slatements Year Ended 31 March 2023 Ik) Tax The charity 15 an exempl charity within the meaning of Schedu 3 of the Charities Act 2011 and is consided to pass the tests sel out in Paragraph 1 Schedube 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. (1> Going concgm The financial ststements have been prepared on a going concem basis as the tru51ees believe that no material uncertainties exist. The Iruslees have considered the level of funds held and the expected revel ol income and expenditure for 12 months from authorising these financial statements. The budgeted ineome and expenditure a suffKient wlh the level ol reserves for the charity lo be able to continue as a going concem. This pjsition is supported by the ongoing prowsion of ffinan from the chanty's bankers and improved net eurrenl liabilty Position to date post year end. Income from donations and l•ga¢ies 2023 2022 Donation5 from individuals Grants Regu1 giving and eapital donations 2,577 14.933 6,730 1.034 1.922 4.499 22,697 £Nil (2022 - £6,730) of govemment grants and lottery support were received for Covid response and creation of a new website. Income from charitable activili•s 2023 2022 Travel training Covid community suptM)rt Transport and hir8 58,482 15101 948.312 30,324 65,214 699,085 1,006.284 794,623 16
Bexley Accessible Transport Scheme Notes to the Financial Statements Year Ended 31 March 2023 Analysis of expenditure on charitable activitios Unreslri¢ted funds General Total 2023 Total 2022 Community Transport SeNices Depreciation, amortisation and other similar costs Staff costs Governance costs 335.308 18,719 33S,308 18,719 358,837 26.940 558,060 14.584 558,C 14,584 541,701 4,955 926,671 926.671 932,433 Governance costs 2023 2022 Independent examiners remuneration 2,000 1.960 other 12.584 2,995 14,584 4,955 Nel income for the year Net income is staled after charging.. 2023 2022 Depreciabon of tangible fixed assets Loss on sale of tangible fixed assets 18.558 161_ 22.172 4.768 17
Bexley Ac¢es$ible Transport Scheme Note$ to the Financlal Slatgments Year Ended 31 March 2023 Truste. and key management personnel r¢muneration and expenses The trustees nesther received nor waived any reMUnerat1n during the year12022.' £Nil). Staff costs and employ•• benefits The average monthly number of employees and full time equivalent {FTE) during the year was as folows.. 2023 Number 2022 Number Accessible Transport Servi 45 The total staff costs and employee benefi15 were as follow5". 2023 2022 Wages and salaries Social secuTity Pension costs 528,967 19,422 6,384 517,105 17,555 7,041 554.773 541.701 Staff costs and employee beneflts (continued> No employees re1ved total employee benefits (excluding employer pension costs) of more than £60,000. The total ernoyee benefits of the key management personnel of the charity were £55.473 12022. £49.987}. 10 Taxation The charity is a registered ¢hanty and is therefore exempt from taxatth. 18
8*xlgy Accessible Transport Scheme Notes to Ihe Financial Statements Year Ended 31 March 2023 11 Tangible fixed assets Total Cost or valuation.. At 1 April 2022 Additions Disposa15 Revaluation At 31 Mah 2023 31,702 1.257 329.334 9.000 {32.419} 361,036 10,257 (32,419} 32.959 305,915 338,874 Depreciation.. At 1 Apr 2022 Charge for the year Impairment RevaluationlRounding Eliminated on disposals Al 31 March 2022 31.702 210 131,429 18,348 163.131 18,558 12,744 137,032 12,744 168,944 31.912 Net b(xik value." At 31 March 2023 1.047 168,883 169,930 Al 31 March 2022 197,905 197,905 19
Bexley Accessible Transport Scheme Notes to the Financial Ststements Year Ended 31 March 2023 12 Fixed asset inveslments Other investments Total Cost or valuation At 1 April 2022 Additions Disposals Revaluation Al 31 PQlarch 2023 100 100 loo 100 Impairment At 1 April 2022 Written off Written back Eliminated on disposals At 31 March 2023 Carrying amount. At 31 March 2023 100 100 Al 31 March 2022 100 100 Included within other investrnents is a 100% holding in the ordinary share capital of BATS Group Limited. A Dormant company incorporated in England and Wales. Ils registered office address is Office 9, Thames Road Depot, Thames Road. Darttord. England. DA1 5aJ. At the year end, the aggregate capitsl and reserves of the company amounted lo £10012022". £1001 and profft for the year amounted lo £nil12022." £nil}. 2023 2022 Shares in group undertakings and partIpating interests 100 100 100 100 20
Bexley Accessible Transport Schemg Noles to the Flnancial Statemenls Y•ar End•d 31 Mah 2023 13 Debtors 2023 2022 Trade debtors Other debtors Accrued income 36,532 6,422 86,734 20.344 42,954 87.078 14 Creditors: amounts falling due within one year 2023 2022 Bank loans and overdraft5 Trade creditors Other tax and social security ATual$ and deferred in¢orne Other creditors 6,944 64.599 15,264 27.146 137.459 5,968 19,196 1,798 88,605 189,769 Bank loans and overdrafts lotalling £6.944 {2022 - £27.146) are secured against the assets of the charity. 15 Creditors: amounts falling due after more than one year 2023 2022 Bank loans and overdrafts 9,313 9,313 8ank loans lolalling £Nil12022 - £9.313> are secured against the assets of the charity, notably the motor vehicle fleet. 21
Bexley Ac¢essSble Transport Scheme Notes to the Flnancial Statements Year Ended 31 March 2023 16 Deferred Income Under 1 year Over 1 year Total At start dale 2023 Additions during the year Amounts released to income 17.196 17,196 At end date 2023 Under 1 year Over 1 year Total At start dale 2022 6,046 6.046 Additions during the year Amounts released to income 17.196 (6,0461 17,196 16,046) At end date 2022 17.196 17,196 Income has been deferred to the riod it relates to. 17 Fund reconciliatlon Unrestricted funds Balance at 2022 Gains I (losse51 Balance at 2023 Income Expenditure Transfers unrestn.cted 57,149 1.010,783 1926.6711 141.261 57,149 1.010.783 1926.671) 141.261 Balance at 2021 Gains I {losses1 Balance at2022 Income Expenditure Transfers unrestrted 172,262 817.320 (932.4331 57,149 172,262 817.320 1932.4331 57,149 22
Bexley Accessibl¢ Transport Scheme Notes to the Financial Statements Y•ar Ended 31 March 2023 18 Analysis of nel assets between fvnds unrestn.cted funds 2023 Unrestricted funds 2022 Total 2023 Total 2022 Fixed assets Fixed asset investments Other current assets Other current liabililies Credrtors more Ihan one year 169,930 169.930 100 100 59,836 59.836 (88.6051 (88,6051 197,905 197,905 100 100 58,226 58,226 (189,7691 1189,769) 19,3131 19,3131 Total 141,261 141,261 57,149 57,149 19 Related party transactions There are no related paty tranSactnS during the period {2022." £ nil). 23