REGISTERED COMPANY NUMBER: 05372429 (England and Wales) REGISTERED CHARITY NUMBER: 1109030 Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for East Hull Community Transport Try Lunn & Co Chartered Accountants and statOry Auditors Roland House Princes Dock Street HULL HUI 2LD
East Hull Community Transport Contents of the FinanelAI Statements for the Year Ended 31 March 2024 Page Report of the Trustees Trustees, Responsibility Statement Report of the Independent Audltors Statement of Financiol Activities Balance Sheet io Cash Flow Statement li Notes to the Cash Flow Statement 12 Notes to the FinanclAI StAtements 13 to 21
East Hull Community Transport (Registered number: 05372429) Report of the Trustees for the Year Ended 31 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 31 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 l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims East Hull Community Transport Is a Community Enterprise working towards sustainability yet meeting the identified local transport needs of East Hull (and its environs) residents who through age. learning or physical disability, social exelusion or poverty. need support. Our principal objectives are.. - Provide and maintain non-profit community transport services Assist the work of organisations and bodies engaged in promoting tbe relief of such persons through the provision of appropriate services - Create employment and provide pathways to employment - Help overcome problents of exclusion and isolation for particularly vulnerable individuals and groups - Provide transport resources not met by public transport The main objectives and activities for this year continued to be to maintain East Hull Cornrnunity Transport in line with our strategy and continue to balance the need for sustainability with the principal social objectives of the company. The strategies employed to assist the Charity to achieve this were.. - To design, develop and agree appropriate cornpany procedures and policies Ensure quality levels remained high in transport provision. management procedures. administration and fiscal. - To secure longer lemi contracts and service agreements with transport commissioning organisalions Continue to provide, create and irnprove a range of quality services that meet client needs. React appmpriately to external threats, in particular threats in relation to the cbarity's sources of fijnding. Public benefit As Ttee5 we consider we have complied with the duty in section 4 of the 201 I Charities Act to have due regard to guidance published by the Charity Comrnis5ion. The Trustees are aware of the Charity Commission's guidance on public benefit and the trustees ensure that they carry out their charities airn5 for the public benefit. The charity's public benefit is detailed below in our objectives and activities. Page I
East Hull Community Trydnsport {Registered number: 05372429) Report of the Trustee$ for the Year Ended 31 March 2024 STRATEGIC REPORT Achievement and performance Charitable #ctivities The objectives and rnileslones set by the Directors and Trustees, and outside agencies, in respect of our own targets and funding provision were met. The nlain services that we operated in 2023124 are shown below together with a brief explanation.. Dlal a ride A Door to door wheelcbair accessible transport servi¢e for individuals and families living in mainly East Hull that find public transport provisions difficult to use or acce5S. Group Travel Up to 16 passenger seat rninibuses, mostly with disabled access, are available to transport affiliated gryoups from non-profit making organisations with a Company employed driver. General Over the past year the charity continued to experience unpredictability. fuel price rises and significant increases in wage costs. The current and ehallenging econornic environment and cost of living crisis has had a direct impact on the delivery of the service and has required significant strat¢gic management from the Trustc¢s and the senior management team. The charity has been able to work through these challenges and as far as possible, has supported its employees over the year and was able to retain the nMjority of the team. The results continue to dcmonstrate the hard work of the office staff and drivers over the last year. The constant drive has Led EHCT to achieve and deliver its aims and objectives over the last year and has better placed it to continue to meet its airns and objectives in future years. The company now has 40 vehicles and employs 36 persomiel. Name Dial a Ride Group Total passengers 2017118 2018119 2019120 2020121 2021122 2022123 2023124 6,367 6,040 4,296 Not available 4,125 4,404 8,449 53,504 62,008 59,012 55,796 61,750 71.820 80,832 59,871 68,048 63,308 Not available 65,875 76.224 89,281 The Board remain committed to increase staff if this is possible in line with financial stability lfilling both our sustainability and one of our main objectives of providing worthwhile employment. Morale of the staff both driving and office based is high and the workforce continue to be the greatest asset of the company. However our staff numbers and costs have to reflect our incorne and the funding we can secure. The Trustees, would like to disclose that the Charity are currently in the process of updating the Charitvs articles of association and name to reflect the actual services that EHCT provlde and the geographical area that they provide them in. Following the Closure of West Hull Community Transport, who ceased operations in 2015, naturally. EHCT have provided it's services in line with it'5 current governing document to otheT parts of Hull. beyond'East Hull,. Financial review Principal fvnding sources The principal funding is from the operation of transport activitie5 for charities and schools. Expenditure during the year has been in accordance with the charitable objectives and agreed business plan. The Charity have also received grant income from Mot&bility, a Charity registered in England and Wales, for the purpose of increasing the availability of the charity's dial a ride service. Investment policy Grants received in advance and any other surplus funds that may, from tirne to tirne, be available are invested in bank deposit accounts. Page 2
East Hull Community Transport (Registered number: 05372429) Report of the Trustees for the Year Ended 31 Mydrch 2024 STRA TEGIC REPORT Finanei#l revieiy Reserves policy The Trustees have establisbed a level of reserves (that is ihose ndS that are freely available) that the eharity ought to have. Reserves are needed to bridge the funding gaps between spending on the provision of community transport and receiving resources thTough charges and grants that provide fijnding. Reserves are also held to cover the cost of replacing the vehicle fleet. The actual reserves at 31 March 2024 were £1.173,400 (2023 £999.411). Of this sum the Trustees have designated £200,000 as the project sustainability fund and £200,000 has been designated to meet a part of the eosts of replacing a part of the vehicle fleet. At 31 March 2024, total reserves include restricted funds of £116.078 {2023 £114.974) in respect of grant income from Motability. Whilst the current level of reserves may prove sufficient, it is the Trustees view that it prudent to ensure that there are sufficient reserves to provide financial flexibility over the course of the fortbcoming cballenges. Going concern The board of trustees consider that there are no rnaterial uncertainties about the ability to continue as a going concern. Future plans The Charity continues to endeavour to renew and consolidate contracts and obtain service level agreements frorn a variety of sources. It is felt that the company is now balanced to see itself through the challenges ahead. The Board and management will continue to work at ways of generating income yet continue to maintain the subsidised services our clients depend on. The company continues to feel confident of its future despite the challenges it faces now and will laee in the tre including in relation to its operational activitie5. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document East Hull Community Tran5POrt is a company limited by guarantee governed by its Memorandum and Articles of Association dated 22 February 2005. It is a registered charity with the Charity Commission. Recruitment and appointment of ne)v trustees New trustees are appointed under the tern of the trust deed and by invitation of dle existing trustees. Trustee induction and training New trustees are briefed on their legal obligations under Charity & Company Law at the lime of their appointment. Organisational The board of trustees. which can bave up to l2 members, administers the Charity. The board rneets quarterly. The Chief Executive and Chairnian of the board of InteeS meet periodically between board meetings. The Chief Executive is appointed by the trustees lo manage the day to day operations of the Charity. To facilitate effective operations, the Chief Executive has delegated authority, within tenns of delegation approved by the trnstees, for operational matters. The board discuss and approve arrangements for pay and remuneration for key personnel during the quarterly meetings as required. The Board directs the company and provides the necessary checks and balances to keep focus on our social objectives. Clients praise the staff care and professionali5rn of driving staff on a regular basis. The numbei of drivers employed in relation to the type and number of vehicles owned works well. Risk nnagement The trustees have conducted a review of the rnajor risks to which the Charity 15 exposed. There is an annual review of risks the Charity may face. Where appropriate. systems or procedure5 have been established to mitigate Ihe risks the Charity faces. Intemal control risks are minimi5ed by the irnplementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with the road tratTic act. the health and safety of staff and passenger5. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Page 3
East Hull Community Tran5POrt (Reg15tered Dumber: 05372429) Report Dr the Tru5ttts for the Year Endtd 31 Marfh 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05372429 (Engknd aud Wales) Registered Charity numb¢r 1109030 Registered off¢ Compound One Hull Sports Ground Chaiit¢rlands Avenue Hull HU5 4EF Trust¢es Mr A C Cosgrov¢ Mr G Longbone Mr D M Elliott Mrs G M Ockl¢ion Mr G M Groom Mrs J E Price Mr J G¢orgiou Company SEcr£tary Miss L Cavanagh Auditors Try Lunn & Co Chart¢r¢d Accountants and ststory Auditors Roland House Princes Dock Sire¢l HULL HU12LD Banker5 Virgin Money 214 Holderness Road Hull HU9 2AA Solldtors Rollits LLP Ciladel House High Street HUU HUI IQE AUDITORS The auditors. Try Lww & Co, will bp proposed for re*appointment at I¢ forthcoming Annual G¢n¢ral Meeting. R¢port of tlje directgrs. 0 a.strat¢gi¢ repo¢ approved by order of the board of tn]stea. &$ the Company ed on ihe board'5 behalf by- Mr A C Cosgrove- ntee Page 4
East Hull Community Transport Trustees, Responsibility Statement for the Year Ended 31 March 2024 The trustees (who are also the directors of East Hull Community Transport 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). Company law requires the trustees to prepare fmancial statements for each fmancial 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 th05¢ financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent. 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 accountinE records which diselose with reasonable accuracy at any time the financial position of the ¢haritable company and to enable them to ensure that the financial statements comply with the Companies Acl 2006. They are also responsible for sdfeguarding tbe 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: there is no relevant audit infom]ation of which the charitable company's auditors are unaware- and 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 inforniation. Page 5
Report of the Independent Auditor5 to the Members of East Hull Comrnunity Transport Opinion We have audited the financial statements of East Hull Community Transport (the 'charitable cornpany,) for the year ended 31 March 2024 which comprise the Statement of Financial Activitie5, the Balance Sbeet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framewoTk that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praetice). In our opinion the financial stalemenls= give a true and fair view of the state of the charitable cornpany's affairs as at 31 March 2024 and of its incoming resources and application of resources, including ils income and expenditure. for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the Tequirernents of the Companies Act 2006. Basis for oplnion We conducted our audit in accordanee with International SiaiidaTds on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the fjnancial 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 suLficient and appropriate to provide a basis for our opinion. Conclusions relating to going eoncern In auditing the financial statements, we have concluded tbat the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned. we have not identified any 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 eoneern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wtth respect to going concern are described in the relevant sections of this report. Other information The Iru5tees are responsible for the other inforn)ation. The other infortnation comprise5 the information included in the Annual Report. other than the financial statements and our Report of th¢ Ind¢pendeiit Auditors thereon. Our opinion on the financial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion th¢reon. In ¢OTfftection with our audit of the financial statements, our responsibility is to read the other inforniation and, in doing so, consider whether the other inforn]ation is materially inconsistent wlth the financial statements or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to deterniine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfonned, we conclude that there 15 a material mi5Statement of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companie5 Act 2006 In our opinion, ba5¢d on the work undertaken in the course of the audit: the inforn)ation given in the Report of the Trustees foi the financial year for which the financial statements are prepared is consistent Mryth the financial statements. and th¢ Report of the Tn]st¢¢s has been prepared in accordance with applicable legal requirements. Page 6
Report of the IndcpeThdent Auditors to the Members of East Hull Community Transport Matters on which Ive 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 Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and retums. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the inforniation and explimations we require for our audit. Responsibilities of trustee5 As explained more fully in the Trustees, Responsibilities Statement, the trnstees (wbo 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 trnslees deterniine is necessary to enable the preparation of fllwicial statements that are free from material misstaleinent. whether due to fraud or error. In preparing the financial slatemenls, 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 twstees either intend to liquidate the charitable company or to ¢ease operations, or have no realistic altemalive but to do so. Our responsibilities for the audit of the financial statement$ Our objectives are to obtain reasonable assurance about wheiher the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors that include5 OUT opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a rnaterial 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. The extent to which our procedures are capable of detecting irregularities. including frdud is detailed below: Irregularities, including fraud. are instances of non-eompliance with laws and regulations. We design proeedures in line with our responsibilitie5, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of delecling irregularities. including fraud is detailed below.. We gained an understanding of the legal and regulatory framework applicable lo the company and the industy in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations. including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a matrrial misstatement due to fraud is higher than the risk of not detecting one resulting from effor, a5 fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations. or through collusion. We focused on laws and regulations which could give rise to a material mi55talement in the financial statements, including. but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statements disclosures to underlying supporting documentation. enquiries with management. There are inherent limitations in the audit procedures described above and, the fiher removed non-compliance with laws and regulations is from the events and transactions reflectcd in the financial slatern¢nts, th¢ less likely we would become aware of it. We did not identify any key audit rnatters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bia5 by the directors that represented a rtsk of material misstat¢ment due to fraud. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's web51te at www.fr¢.org.uklauditorsrespon5ibilities. This description fom]s part of our Report of the Independent Auditors. Other Matter The financial statements for th¢ year ended 31 March 2023, fonning the corresponding figures of the financial staternents for the year ended 31 March 2024, are unaudited. Page 7
Report of the Independent Auditor5 to the Members of East Hull Community Transport 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 undertaktn $0 that we might state to the eharilable company's members those rnatters we are required lo state to them in an auditors, r¢port and for no other purpose. To the fullest extent pennitted 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 fomied. Simon Moss F.C.C.A. (Senior Statutory Auditor) for and on behalf of Try Lunn & Co Chartered Accountants and Statutory Auditors Roland House Princes Dock Street HULL HUI 2LD Date.. 19 September 2024 Page 8
East Hull Community Transport Statement of Financial Activities for the Year Ended 31 March 2024 2024 Total fund5 2023 Total funds as restated Unrestricted funds Restricted fjjnds Notes INCOME AND ENDOWMENTS FROM Charitable activities Grants & contracts Provision for conllnunity transport 35,644 897,756 180,505 216,149 897.756 195.129 863,346 Investment incorne 33,655 33.655 13,130 Total 967,055 180,505 1,147.560 1.071,605 EXPENDITURE ON Charitable aetivities Grants & contracts Provision for community transport 179,401 179,401 794,170 57,436 790,451 794,170 Total 794,170 179,401 973,571 847,887 NET INCOME 172,885 1,104 l73,989 223,718 RECONCILIATION OF FUNDS Total funds brought forward 884.437 114,974 999,411 775,693 TOTAL FUNDS CARRIED FORWARD 1.057,322 116,078 1,173,400 999,411 The notes fonn part of these financial statements Page 9
EAst Hull Communlty Tr¥nsport (Regtstered number: 05372429) Balance Sheet 31 Mareh 2024 2024 Total funds 2023 Tthal nds as reslated Unr¢stricted fund5 Restrtcted fimds Notes FIXED ASSKTS T&igible assets 173,140 173.140 120,391 CURRENT ASSETS Debtors Cash al bank Jnd in hal 12 153,823 771.001 153.823 887,079 160.020 746,835 116,078 924,824 116,078 1,040,902 906,855 CREDITORS Amounts falling du¢ within one year 13 (40.642) (40,642) (27.835) LYET CURRENT ASSETS 884,182 116,078 1,000.260 879.020 TOTAL ASSETS LESS CURREF4T LIABILfTIES 1,057,322 16.078 1,173,400 999.411 PIET AbSETS 1,057,322 110.078 1,173.41YI 999,411 FUNDS Unrestricted funds.. General fijnd Restricted funds 15 1.057,322 116.078 884.437 114,974 TOTAL FUNDS 1,173.400 999,411 The fin cial.statements were approved by th¢ Board of Tru5t¢w and authorised for issue ..J..Z.Q.L,4.. and were signed on its behalf by: on Cos ve- Trustee The noies forni part of th¢sB fmancial 5tst¢m¢nts Pa8¢ 10
East Hull Community Transport Cash Flow Statement for the Year Ended 31 March 2024 2024 2023 as restated Notes Cash flows from operating activities Cash generated from operations Interest paid 208,064 (60) 226,603 (28) Net cash provided by operating activities 208,004 226.575 Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received (124,253) 22,838 33,655 (63,715) 333 13,130 Net cash used in investing activities (67,760) (50,252) Change in eash and ¢#sh equivalents in the reporting period Cash and Cash eqllivalent$ at the b¢gtnning of the reporting period 140,244 176,323 746,835 570,512 Cash and ¢ash equivalents at the end of the reporting period 887,079 746,835 The notes fonn part of these financial statements Pagell
East Hull Community Transport Notes to the Cash Flow Statement for the Year End¢d 31 March 2024 RECONCILIATION OF INET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 as restated Net incomc lor the reporting period (as per the Statement of Financial Activities) AdjustentS for: Depreciation charges Loss/(profit) on disposal of fed assets Interest received Interest paid Decrease/(increase) in debtors Increase in creditors 173.989 223,718 48.492 174 (33.655) 60 6.197 12.807 43.245 (333) (13.130) 28 (34,274) 7.349 Net cash provided by operations 208,064 226.603 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At31.3.24 Net cash Casb at bank and in hand 746,835 140,244 887,079 746,835 140.244 887,079 Total 746,835 140.244 887,079 The notes fomi part of these firw)cial statements Page 12
East Hull Comtnunity Transport Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basi5 of preparing the financial statements The fmancial 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) 'Accounling and Reporting by ChaTities.' Siatement of Recommended Practice applicable lo charities preparing their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The fllthncial statements have been prepared under the historical cost convention. 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. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of incorne received for specific purposes but not expended during the period is shown in the relevant fidS on the Balance Sheet. 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 ¢an be rneasured 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 cannol be directly atttibuted lo particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in QTder to Mrile off each asset over Ils ests'mated use1 life. Computer equipment 330/0 on cost Motor Vehicles 20/D on cost General 200/0 on Cost Taxation As a Charity, East Hull Community Transport is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arftsen in the Charity. Fund accounting Unrestricted fund5 are available for use at the discretion of the truste¢s in therance of the general objectives of the Charitable Company. The ndS of the Charity are unrestricted and restricted income funds. The trustees intend to Use a part of the unrestricted income fijnds to sustain the Charity and where necessary, replace the vehicle fleet. The Trustees have designated fiJnd5 to reflect this. The restricted fund relates to monies received during the year by way of government grant as explained in note 3. The funds held in each category are disclosed in note 15. Page 13 continued...
East Hull Community Transport Notes to the inancial Statements - continued ror the Year Ended 31 March 2024 INVESTMENT INCOME 2024 2023 as restated Deposit account interest 33,655 13,130 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 as restated Provision for ¢ornmunity transport Grants & contracts Total activities Total activities Bus Service Operators Grant Mobility Grant Hull City Council Grants Dial a Ride Group Other 25,644 180,505 10,000 25,644 180,505 i 0,000 19.092 878,575 89 17,719 172,410 19,092 878,575 89 13,362 854,802 182 216,149 897,756 1.113,905 1,058,475 During 2023-24 the charity recognised income of £180,505 by way of government grant under the Motability Cornmunity Transport Grant Programme. The grant money is restrieted and must be used to increase the availability of the Dial a Ride service for the residents of Hull and the surrounding villages, particularly for older people and those with disability or mobility issues. CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Grants & contracts Provision for community transport 134,401 737,954 45.000 56,216 179,401 794,170 872,355 101,216 973,571 Page 14 continued...
East Hull Community Transport Notes to the Financial Statements- continued for the Year Ended 31 March 2024 SUPPORT COSTS Governance costs Management Totals Grants & contracts Provision for community transport 45.000 28,951 45,000 56,216 27.265 73,951 27,265 101,216 NET INCOMEI(EXPENDITURE) Net incomel(eXpendire) is stated after chargingl(crediting)'. 2024 2023 as restated AuditOTS' remuneration Depreciation - owned assets (Deficit)/surplus on disposal of fjxed assets 4,500 48.492 174 43,245 (333) TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remunerdtion or other benefits for the year ended 31 Mah 2024 nor for ihe year ended 31 March 2023. Trustees, expenses There were no tStees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS Staff costs were as follows.. 2024 2023 Salaries and wages Social security costs Pension cost 535,412 31.952 25.268 449,751 26,982 22.723 Total 592,632 499,456 No employee re¢¢ived emoluments of more than £60,000 in 2019120 or 2020121. The average number of employees during the year was as follows.. 2024 Number 2023 Number Chief Executive Drivers Administration and support 33 30 Total 36 34 Page 15 continued...
East Hull Community Transport Notes to the Financial Statements- continued for the Year Ended 31 March 2024 STAFF COSTS - continued The number of employees whose empLoyee benefits (excluding employer pension costs) exceeded £60,000 was.. 2024 2023 Number Number £70,001 _ £80,000 The charity makes available a stakeholder pension scheme for its employees. It administers contributions to the stakeholder pension scheme for 2 staff and it makes cotLtributions to the scheme for those 2 staff m¢mbers. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total nds as restated INCOME AND ENDOWMENTS FROM Charitable activities Grants & contracts Provision for community transport 22,719 863,346 172.410 195,129 863,346 Investment income 13,130 13.130 Total 899,195 172,410 1,071.605 EXPENDITURE ON Charitable activities Grants & contracts Provision for conllnunity transport 57,436 57,436 790,45 I 790,451 Total 790,451 57,436 847,887 NET INCOME 108,744 114,974 223,718 RECONCILIATION OF FUNDS Total funds brought fonvard 775,693 775.693 TOTAL FUNDS CARRIED FORWARD 884.437 114,974 999,411 Page 16 continued...
East Hull Community Transport Note5 to the Financial Statements - continued for the Year Ended 31 March 2024 io. PRIOR YEAR ADJUSTMENT Restatement of comparative information During the period ended 31 March 2023, restricted grant income was incorrectly deferred at the Balance sheet date. In line with Module 5 of the Charities SORP (FRS 102) the grant money rnet the recognition criteria and should have been fully recognised during the period. The correcting entries, that have been surnmarised in the table below, reflect the appropriate accounting entri¢s required to correct the errors. a) Effect of the reinstatement on the Statement of Financial Activities for the year ended 31 Mareh 2023.. 2023 as reported Impact of restatement 2023 as restated Ineome and endowments froTD Charitable Activities Grants and contracls (Restricted funds) 57.470 114,940 172,410 Net Income 57,470 114,940 172,410 Total funds carried forward 34 114,940 114,974 b) Effect of the restatement on the Balance Sheet at 31 March 2023 2023 as reported Impact of restatement 2023 as restated Fixed Assets Tangible assets 120,391 120,391 Current assets Debtors Cash at bank 160,022 746,835 160.022 746,835 906.857 906,857 Creditors Amounts falling due within one year (142.777) 114,940 (27,837) Net current assets 764,080 114,940 879,020 Total assets less current liabilities 884,471 114,940 999,411 Funds u¢strIcted funds (general fimd) Restricted funds 884.437 34 884,437 114.974 114.940 Shareholders, funds 884,471 114,940 999,411 Page 17 ¢ontinued...
East Hull Community Transport Notes to the Financial Statements - continued for the Year Ended 31 March 2024 io. PIUOR YEAR ADJUSTMENT- continued c) Effect of the restatement on the Notes Creditors: amounts falling due within one year 2023 as reported Impact of restatement 2023 as restated Trade creditors Social security and other taxes Other creditors Accrued expenses 7.261 9,704 1.502 124,310 7,261 9,704 1,502 9,370 (114,940) 142,777 (114,940) 27,837 ii. TANGIBLE FIXED ASSETS Motor vehicles Computer equipment Totals COST At l April 2023 Additions Disposals 421,009 119,410 (44,020) 20,077 4.843 441,086 124,253 (44,020) At 31 March 2024 496,399 24,920 521,319 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 304,905 46.257 {21,008) 15,790 2.235 320,695 48,492 (21,008) At 31 March 2024 330,154 18.025 348.179 NET BOOK VALUE At 31 March 2024 166,245 6,895 l73,140 At 31 March 2023 116,104 4,287 120,391 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 as restated Trade debtors Other debtors VAT Prepayments 79,755 29,421 15.718 28,929 107,317 12,500 16,257 23,946 153,823 160.020 Page 18 continued...
East Hull Comrnunity Transport Note5 to the Financial Statements - continued for the Year Ended 31 March 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 as restated Trade creditors Social security and other tax¢5 Other creditors Accruals and deferred income 10.222 10,756 1.671 17.993 7,259 9,704 1,502 9.370 40.642 27,835 14. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows= 2024 2023 as restated Within one year Between one and five years In more than five years 26,500 85,500 44,000 26.000 92,500 63.500 156.000 182,000 15. MOVEMENT IN FUINDS Net movement in funds At 31.3.24 Ai 1.4.23 Unrestricted funds General fund 884.437 172.885 1,057,322 Restricted fllnds Motability Grant 114,974 1,104 116,078 TOTAL FUNDS 999,411 173,989 1,173,400 Net movernent in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 967,055 (794,170) 172,885 Restricted funds Motability Grant 180,505 (179,401) 1,104 TOTAL FUNDS 1.147,560 (973,571) 173,989 Page 19 continued...
East Hull Community Tr#n5POft E¥otes to the Financial Statcrnents - continued for the Year Ended 31 March 2024 15. MOVEMENT IN FUNDS - eontinued Con)paratives for movement In funds Net rnovement in ftmds At 31.3.23 At 1.4.22 Unrestrieted funds General fund 775,693 I08,744 884.437 Restricted funds Motability Grant 114,974 114,974 TOTAL FUNDS 775,693 223,718 999,411 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expendcd Movement in fuiids Unrestricted funds General fund 899,195 (790,451) 108,744 Restricted funds Motability Grant 172,410 (57,436) 114.974 TOTAL FUIYDS 1,071.605 (847,887) 223.718 A cuNent year 12 months and prior year 12 months combined position is as follows- Net movement in fidS At 31.3.24 At 1.4.22 Unrestricted funds General fund 775.693 281,629 1.057,322 RestrR¢ted funds Molability Grant 116.078 116.078 TOTAL FUNDS 775,693 397.707 1,173.400 Page 20 continued...
East Hull Community Transport Notes to the Financial Statements - continued for the Year Ended 31 March 2024 15. MOVEMENT IN FUNDS - continued A cuent year 12 months and prior year 12 months combined net movement irA funds, included in the above are as follows- Incorning resources Resources expended Movement in fidS Unrestricted funds General fund 1.866,250 (1,584,621) 281,629 Restricted funds Motability Grant 352,915 (236,837) 116.078 TOTAL FUNDS 2,219,165 (1,821,458) 397,707 16. RELATED PARTY DISCLOSURES Tbere were no related paty transactions for the year ended 31 March 2024. Page 21