REGISTERED COMPANY NUMBER: 04374810 (England and Wales) REGISTERED CHARITY NUMBER: 1106440
Report of the Trustees and
Financial Statements
for the Year Ended 31st March 2024
for
Bexley Accessible Transport Scheme
Bexley Accessible Transport Scheme
Contents of the Financial Statements for the Year Ended 31st March 2024
| Page | Page | |
|---|---|---|
| Report of the Trustees | 1 to | 3 |
| Report of the Independent Auditors | 4 to | 7 |
| Statement of Financial Activities | 8 | |
| Balance Sheet | 9 to | 10 |
| Cash Flow Statement | 11 | |
| Notes to the Cash Flow Statement | 12 | |
| Notes to the Financial Statements | 13 to | 20 |
| Detailed Statement of Financial Activities | 21 |
Bexley Accessible Transport Scheme
Report of the Trustees for the Year Ended 31st March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04374810 (England and Wales)
Registered Charity number
1106440
Registered office
Office 9 Thames Road Depot Thames Road Dartford DA1 5QJ
Trustees
Mr Dennis Roberts Mr Philip Hinton Mr Terry Murphy Mr Edward Boateng Mrs Jacqueline Wilsher- Ellis Mrs Mariam Odumosu (resigned 1.11.23) Mrs Oluwafunmi Adelekun
Company Secretary
Ms L D Evans
Auditors
HSJ Audit Limited Severn House Hazell Drive Newport NP10 8FY
Page 1
Bexley Accessible Transport Scheme
Report of the Trustees for the Year Ended 31st March 2024
Financial review
The Trustees' acknowledge that the challenging financial year has led to a drain on the current assets and free reserves of the charity which may give rise to questions surrounding ongoing solvency. They do, however, confirm that after a thorough review of the requirements of the charity's operations in coming years that an excess stock of vehicles is now held within fixed assets which are now available for sale and conversion into liquid funds.
It is the intention of the charity to dispose of up to four vehicles in the coming months which will generate a healthy cash reserve for the charity and rectify the closing net current liability position as at 31 March 2024. Furthermore, this review of the charity's operations and reduced future running costs arising from the sale of these vehicles is anticipated to lead to a more favourable operating performance in the coming reported periods.'
Achievements, performance and plans for future periods
Bats have regained full pre covid operations, with even greater emphasis on the community in Bexley and surrounding areas. Collecting data on requirements needed post Covid and filling the gaps to reduce loneliness and isolation including poor health bought on by but not limited to-age or disabilities .
Bats are passionate regarding reducing our carbon foot print, a full fleet impact assessment on fleet regeneration to fall in line with the mayor of London's Air quality impact. Ensuring bats fleet are not only quality vehicles but helping to reduce emissions. The inherent nature of Bats helps to reduce this by way of vehicle pooling. However. more can be done to ensure clean air in Bexley. Bats new and improved website makes information and enquiries seamless. We understand there will be challenges , however Bats team are ready for another year od providing vital services.
Induction and training and new trustee
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.
Organizational Structure
The trustees are responsible for the overall governance of the company and charity .
The management of the Charity is the responsibility of Non-Executive DIrectors who act as Trustees for purposes of Charity Law and are elected and co-opted under the terms of 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.
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 is 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 the directors of Bexley Accessible Transport Scheme for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 2
Bexley Accessible Transport Scheme
Report of the Trustees for the Year Ended 31st March 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, HSJ Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
29/01/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................. Mrs Jacqueline Wilsher- Ellis - Trustee
Page 3
Report of the Independent Auditors to the Trustees of Bexley Accessible Transport Scheme
Opinion
We have audited the financial statements of Bexley Accessible Transport Scheme (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, including 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
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'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' assessment that a material uncertainty exists in relation to the use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have identified material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorized for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the trustees' annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. 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.
Page 4
Report of the Independent Auditors to the Trustees of Bexley Accessible Transport Scheme
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the trustees' report, which includes the directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the directors' report included within 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 the 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 directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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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 directors' report and from the requirement to prepare a strategic report.
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 for assessing the 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 charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance 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-compliance 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:
Page 5
Report of the Independent Auditors to the Trustees of Bexley Accessible Transport Scheme
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework.
We communicated identified fraud risks throughout the engagement team and remained alert throughout the engagement process for any indications of fraud.
As required by the auditing standards, we identify and assess the risk of material misstatement of financial statements, whether due to fraud or error, in particular revenue recognition and management override of control. We design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of material misstatement and non-compliance with laws and regulations, including fraud, we designed procedures which included;
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Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
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Reviewing minutes of meetings of those charged with governance;
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Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
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Reviewing financial statement disclosures and testing supporting documentation to assess compliance with applicable laws and regulations;
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Identifying journal entries and other adjustments to test based on risk criteria and comparing the identified entries to supporting documentation. These included those posted to unusual account combinations;
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Assessing whether revenue has been accounted for in the correct period and the existence of revenue at the cut off date based on the adopted accounting policy for revenue.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulations. This risk increases the more than compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one result from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of an internal control.
A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-th e-auditor%E2%80%99s-responsibilities-for. This description forms part of our auditor's report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit
Use of our report
This report is made solely to the charitable company's members, 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 might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Page 6
Report of the Independent Auditors to the Trustees of Bexley Accessible Transport Scheme
HSJ Audit Limited Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Severn House
Hazell Drive Newport NP10 8FY
30/01/2025 Date: .............................................
Page 7
Bexley Accessible Transport Scheme
Statement of Financial Activities for the Year Ended 31st March 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 3 Charitable Total EXPENDITURE ON Charitable activities 4 Community transport Wages Depreciation Governance Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted funds £ 14,591 1,058,984 1,073,575 463,634 710,218 17,307 20,798 1,211,957 (138,382) 141,261 2,879 |
2023 Total funds £ 4,499 1,006,284 |
|---|---|---|
| 1,010,783 | ||
| 335,308 558,060 18,719 14,584 |
||
| 926,671 | ||
| 84,112 57,149 |
||
| 141,261 |
The notes form part of these financial statements
Page 8
Bexley Accessible Transport Scheme
Balance Sheet 31st March 2024
| 2024 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 9 152,624 Investments 10 100 152,724 CURRENT ASSETS Debtors 11 38,877 Cash at bank and in hand 465 39,342 CREDITORS Amounts falling due within one year 12 (189,187) NET CURRENT ASSETS (149,845) TOTAL ASSETS LESS CURRENT LIABILITIES 2,879 NET ASSETS 2,879 FUNDS 14 Unrestricted funds 2,879 TOTAL FUNDS 2,879 |
2023 Total funds £ 169,930 100 170,030 42,954 16,882 59,836 (88,605) (28,769) 141,261 141,261 141,261 141,261 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The notes form part of these financial statements
continued...
Page 9
Bexley Accessible Transport Scheme
Balance Sheet - continued 31st March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 29/01/2025
............................................. Mrs Jacqueline Wilsher- Ellis - Trustee
The notes form part of these financial statements
Page 10
Bexley Accessible Transport Scheme
Cash Flow Statement for the Year Ended 31st March 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Net cash provided by investing activities Cash flows from financing activities Loan repayments in year Net cash provided by/(used in) financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
2024 £ (39,085) (39,085) - - - - - - (39,085) 9,938 (29,147) |
2023 £ 65,992 65,992 (10,257) 19,514 9,257 (29,515) (35,796) (65,311) 9,938 - 9,938 |
|---|---|---|
The notes form part of these financial statements
Page 11
Bexley Accessible Transport Scheme
Notes to the Cash Flow Statement for the Year Ended 31st March 2024
| 1. | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH | RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH | FLOW FROM | OPERATING |
|---|---|---|---|---|
| ACTIVITIES | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Net (expenditure)/income for the reporting period (as per the | ||||
| Statement of Financial Activities) | (138,382) | 84,112 | ||
| Adjustments for: | ||||
| Depreciation charges | 17,307 | 18,558 | ||
| Loss on disposal of fixed assets | - | 161 | ||
| Decrease in debtors | 4,076 | 44,124 | ||
| Increase/(decrease) in creditors | 77,914 | (80,963) | ||
| Net cash (used in)/provided by operations | (39,085) | 65,992 | ||
| 2. | ANALYSIS OF CASH AND CASH EQUIVALENTS | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Cash in hand | 193 | - | ||
| Notice deposits (less than 3 months) | 272 | 16,882 | ||
| Overdrafts included in bank loans and overdrafts falling due within one | ||||
| year | (29,612) | (6,944) | ||
| Total cash and cash equivalents | (29,147) | 9,938 | ||
| 3. | ANALYSIS OF CHANGES IN NET FUNDS/(DEBT) | |||
| At 1.4.23 | Cash flow | At 31.3.24 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | ||||
| and in hand | 16,882 | (26,417) | 465 | |
| Bank overdraft | (6,944) | (32,668) | (29,612) | |
| 9,938 | (59,085) | (29,147) | ||
| Total | 9,938 | (59,085) | (29,147) |
The notes form part of these financial statements
Page 12
Bexley Accessible Transport Scheme
Notes to the Financial Statements for the Year Ended 31st March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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 asset, 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 an fittings 33% on cost Office equipment 33% on cost Motor vehicles 10% written down value
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 13
Bexley Accessible Transport Scheme
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
1. ACCOUNTING POLICIES - continued
Going concern
The charity is reporting net current liabilities of (£149,845) as at 31 March 2024 (2023: (£28,769). This position has been generated by an operating deficit of £138,382 (2023: surplus £84,112) due to the loss of a key contract during the current year.
The charity holds an excess of fixed assets within its’ vehicle fleet and upon completion of an nternal operational review plans to sell a number of these vehicle post year end. Based on expected market values these vehicle sales are more than sufficient to rectify the net current liabilities position and settle all current liabilities. Furthermore, the reduced cost of running a smaller fleet will generate a more positive operating performance in the coming reporting year.
Based on the above assessment, the financial statements continue to be prepared on a going concern basis.
| 2. DONATIONS AND LEGACIES Donations Regular giving and capital donations 3. INCOME FROM CHARITABLE ACTIVITIES Activity Travel training Charitable Community support Charitable Transport and hire Charitable Grants received, included in the above, are as follows: |
2024 £ 14,591 - 14,591 2024 £ 49,818 17,046 992,120 1,058,984 2024 £ |
2023 £ 2,577 1,922 4,499 2023 £ 58,482 (510) 948,312 1,006,284 2023 £ |
|---|---|---|
continued...
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Bexley Accessible Transport Scheme
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
4. ANALYSIS OF CHARITABLE ACTIVITIES COSTS
| Unrestricted | |||
|---|---|---|---|
| funds | |||
| 2024 | 2023 | ||
| Community Transport | 463,634 | 335,308 | |
| Wages | 710,218 | 558,060 | |
| Governance | 20,798 | 14,584 | |
| Depreciation | 17,307 | 18,719 | |
| Total | 1,211,957 | 926,671 | |
| ======== | ======== | ||
| Governance cost | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Auditor remuneration | 2,000 | 2,000 | |
| Other | 18,798 | 12,584 | |
| 5. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation - owned assets | 17,306 | 18,557 | |
| Deficit on disposal of fixed assets | - | 161 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.
continued...
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Bexley Accessible Transport Scheme
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
| 7. STAFF COSTS Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Accessible Transport Services No employees received emoluments in excess of £60,000. 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Total EXPENDITURE ON Charitable activities Community transport Wages Depreciation Governance Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 £ 668,779 33,878 7,561 710,218 2024 35 |
2023 £ 532,254 19,422 6,384 558,060 2023 44 Unrestricted funds £ 4,499 1,006,284 1,010,783 335,308 558,060 18,719 14,584 926,671 84,112 57,149 141,261 |
|---|---|---|
continued...
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Bexley Accessible Transport Scheme
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
| 9. TANGIBLE FIXED ASSETS COST At 1st April 2023 and 31st March 2024 DEPRECIATION At 1st April 2023 Charge for year At 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 10. FIXED ASSET INVESTMENTS Other There were no investment assets outside the UK. Investments (neither listed nor unlisted) were as follows: Other investments 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments |
Fixtures and fittings £ 32,959 31,912 418 32,330 629 1,047 |
Motor vehicles £ 305,915 137,032 16,888 153,920 151,995 168,883 2024 £ 100 2024 £ 100 2024 £ 33,789 400 4,688 38,877 |
Totals £ 338,874 |
Totals £ 338,874 |
Totals £ 338,874 |
|---|---|---|---|---|---|
| 168,944 17,306 |
|||||
| 186,250 | |||||
| 152,624 | |||||
| 169,930 | |||||
| 2023 £ 100 2023 £ 100 2023 £ 36,532 1,933 4,489 |
2023 £ 100 |
||||
| 2023 £ 100 |
|||||
| 42,954 |
continued...
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Bexley Accessible Transport Scheme
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
| 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 13) Trade creditors Social security and other taxes VAT Pension payable Net wages Accrued expenses 13. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 14. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 141,261 TOTAL FUNDS 141,261 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,073,575 TOTAL FUNDS 1,073,575 |
2024 £ 29,612 123,005 14,498 6,948 1,632 7,302 6,190 189,187 2024 £ 29,612 Net movement in funds £ (138,382) (138,382) Resources expended £ (1,211,957) (1,211,957) |
2023 £ 6,944 64,599 15,264 - 1,798 - - 88,605 2023 £ 6,944 At 31.3.24 £ 2,879 2,879 Movement in funds £ (138,382) (138,382) |
|---|---|---|
continued...
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Bexley Accessible Transport Scheme
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.4.22 £ Unrestricted funds General fund 57,149 TOTAL FUNDS 57,149 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 1,010,783 TOTAL FUNDS 1,010,783 A current year 12 months and prior year 12 months combined position is as At 1.4.22 £ Unrestricted funds General fund 57,149 TOTAL FUNDS 57,149 |
Net movement in funds £ 84,112 84,112 Resources expended £ (926,671) (926,671) follows: Net movement in funds £ (54,270) (54,270) |
At 31.3.23 £ 141,261 141,261 Movement in funds £ 84,112 84,112 At 31.3.24 £ 2,879 2,879 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 2,084,358 2,084,358 |
Resources expended £ (2,138,628) (2,138,628) |
Movement in funds £ (54,270) (54,270) |
|---|---|---|---|
continued...
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Bexley Accessible Transport Scheme
Notes to the Financial Statements - continued for the Year Ended 31st March 2024
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2024.
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Bexley Accessible Transport Scheme
Detailed Statement of Financial Activities for the Year Ended 31st March 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Regular giving and capital donations Charitable activities Travel training Community support Transport and hire Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Community transport services Other Independent examiners remunerations Fixtures and fittings Motor vehicles Loss on sale of tangible fixed assets Total resources expended Net (expenditure)/income |
2024 £ 14,591 - 14,591 49,818 17,046 992,120 1,058,984 1,073,575 668,779 33,878 7,561 463,634 - 20,798 419 16,888 - 1,211,957 1,211,957 (138,382) |
2023 £ 2,577 1,922 4,499 58,482 (510) 948,312 1,006,284 1,010,783 532,254 19,422 6,384 335,308 2,000 12,584 210 18,348 161 926,671 926,671 84,112 |
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This page does not form part of the statutory financial statements
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