REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
BUZZER BUSES (DIAL A RIDE) LIMITED Company Registration Number 05338802
Charity Registration Number 1109107
BUZZER BUSES (DIAL A RIDE) LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees / Directors | 2 to 5 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities / | 7 |
| Income and Expenditure Account | |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 15 |
BUZZER BUSES (DIAL A RIDE) LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 March 2022
DIRECTORS / TRUSTEES:
Mrs P L O'Toole (Chairperson) Mr D R Pipkin (Vice Chairperson) Mrs J Connolly (Treasurer) Mr J J O'Toole Mr M Freeman Mr N W Jephcote
COMPANY SECRETARY: Mr M Gale REGISTERED OFFICE: 31 New Road Linslade Leighton Buzzard Bedfordshire LU7 2LS
REGISTERED NUMBER: 05338802 (England and Wales) CHARITY NUMBER: 1109107 BANKERS: CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
INDEPENDENT EXAMINER: D R Kerins FCCA
Ad Valorem Accountancy Services Ltd Chartered Certified Accountants & Statutory Auditors 2 Manor Farm Court Old Wolverton Milton Keynes Buckinghamshire MK12 5NN
Page 1
BUZZER BUSES (DIAL A RIDE) LIMITED
REPORT OF THE TRUSTEES / DIRECTORS for the Year Ended 31 March 2022
The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2022, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. The financial statements comply with the Charities Acts, the Companies Act 2006, the Memorandum and Articles of Association, and the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP FRS102)
Status
The company is both a charity and a company, limited by guarantee. It is a member of the Community Transport Association UK, a registered charity (number 1002222), but operates independently of that charity.
Our Purpose & Principal Activity
The principal activity of the company in the period under review was that of carrying out the objects of the charity, being to provide a community transport service for such of the inhabitants of Leighton Linslade and its neighbourhood who are in need of such a service because of age, sickness or disability (mental or physical), or poverty, or because of a lack of availability of adequate and safe public passenger services.
In setting our objective and planning our activities our trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Public Benefit
Buzzer Buses have been around for 31 years now constantly providing our Door to Door transport service for the elderly and disabled residents of Leighton Buzzard and the surrounding villages. Now that the Covid Pandemic has subsided we are getting back to operating the way we did previously. We are sure that by mid to late 2022 we will be as busy as always. With increased interest in the service we see ourselves continuing for many years to come.
Directors/Trustees/Structure
The directors, who act as the Management Committee and are also trustees under the Charities Acts, during the year under review were:
Mrs P L O’Toole D Pipkin J C Baldwin (resigned 29 July 2021) Mrs J Connolly (resigned 1 October 2022) J J O’Toole Mr N W Jephcote (appointed 17 January 2022) M Freeman
Day-to day operations are the responsibility of a General Manager who reports directly to the Management Committee.
Financial Review
During the year under review, the company had a net income of £28,181 (2021: net income £34,039). The balance sheet strengthened by 13.5% to £237,491.
Reference and Administrative Details
These are detailed on Page 1 of this report.
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BUZZER BUSES (DIAL A RIDE) LIMITED
REPORT OF THE TRUSTEES / DIRECTORS (continued) for the Year Ended 31 March 2022
Chairman’s report
The last financial year has been very different to most but definitely more positive for us than the last two. During April we were offered a contract extension by Central Bedfordshire Council for our Dial-A-Ride service and that helped to confirm that we would be able to continue to operate for at least 2 more years.
We were also asked to continue with the vaccination transport that we had been offering, and Central Bedfordshire Council would now pay for this service which would be a much needed boost to finances. At the same time the UK started to come out of the winter lockdown and people were very eager to get out of their houses again, so we were soon back up to about 75% of our usual service capacity.
Our Dial-a-Ride bookings and spaces on our outings were filled very quickly although we still only allowed a reduced quantity of people per bus to ensure social distancing was still actively observed. All schools returned to usual service and so our morning and afternoon transport requirements were also back to full capacity.
As the year continued, we started to reintroduce some of the streamlining measures that we had become expert at in the years preceding the covid pandemic. This, as was previously proved, helped to reduce costs and increase income. We are certain that things will be back to normal by mid to late 2022.
We have been extremely fortunate to have the services of one of our trustees who has dedicated a great deal of his time to fund raising and has been able to raise a considerable amount of money towards our ‘bus replacement programme’. This allowed us to purchase two used vehicles that were far newer than the two that needed to be got rid of.
As has become usual for us, our aim for each financial year is to break even with costs and general income balancing each other out. The fundraising that our trustee does then allows for new vehicles to be purchased, this means a very satisfactory end to each year.
We are extremely pleased to say that for the third year running we have again exceeded our expectations and have a surplus in April 2021 to March 2022 of £28,181.
This compares with the final figures of, April 2020 to March 2021 £34,039, although this was higher than the current year, we received less than a quarter of the government financial assistance from last year (£9,813 as opposed to £46,008).
April 2019 to March 2020 surplus was £19,411, and April 2018 to March 2019 deficit was £3,688
Our ‘Buzzer Buddy’ scheme has continued to be a fantastic and popular means of communication for our members, and we have had many reports of people communicating during these difficult times using this service.
As always, we also ensure that our company ‘ No Response Policy’ is adhered to (we do not let an unanswered door be ignored) and this has again helped to save lives during the last year.
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BUZZER BUSES (DIAL A RIDE) LIMITED
REPORT OF THE TRUSTEES / DIRECTORS (continued) for the Year Ended 31 March 2022
Small company provisions
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Reserves Policy
A formal policy on general reserves was agreed at the September 2008 meeting of the executive committee and was reviewed and amended by the executive committee on 28th November 2018. It was agreed that it will be reviewed at each AGM and this has been done again on 5 August 2021 and unanimously accepted by the committee. It states:
A general reserves policy is desirable to identify that part of the assets of the company which must be set aside to cover adverse financial contingencies. The reserve fund for Buzzer Buses is intended to cover the following contingencies:
-
Orderly closure of the business if continuation is no longer possible.
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The continuation of the business in periods of adverse cash flow.
-
The acquisition of new office premises and associated moving costs.
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The replacement of secure parking facilities for our buses.
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Emergency Hire of a vehicle should the need arise to maintain service.
-
Orderly closure of the business implies the cessation of operations, the redundancy of staff and any contracted obligations to suppliers. This requires sufficient funds to cover three months funding of salaries and salary related payments.
-
Continued operation in the face of delays to funding grants requires funds to operate the business for a period of up to two months.
It is therefore the policy of the company to designate a general reserve to cover all these contingencies and to ensure that an appropriate proportion of the assets be protected for that purpose. This is separate from the sum represented by the tangible assets (i.e. buses) and the funds for their normal replacements.
This policy document shall be appended to the annual accounts, and where necessary amended, for approval by the trustees at each AGM.
Forthcoming Year
The financial security of the company is once again assured for the forthcoming year. We have received our grant payment from LTC and payment for the Dial-a-Ride from CBC. We are extremely busy with members wanting to get out more than ever now they are free to do so. We have also massively increased our Fundraising activities and this has proved a valuable additional source of income. This will continue throughout 2022 and beyond.
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BUZZER BUSES (DIAL A RIDE) LIMITED
REPORT OF THE TRUSTEES / DIRECTORS (continued) for the Year Ended 31 March 2022
New Trustees
New Management Committee members may be elected individually at the Annual General Meeting. The Management Committee may in addition co-opt no more than five other persons to serve as full voting members of the Management Committee until the next Annual General Meeting. Existing Trustees agree what skills, experience and knowledge are needed in new trustees and a job specification is then drawn up. Successful candidates are interviewed and invited to join subject to references, formal vetting and approval by the full trustee board. They are provided with copies of the Memorandum and Articles of Association of the charity and literature pertaining to our activities, together with a copy of the essential trustee guide (CC3) as issued by the Charity Commission. Officers serve for one year, after which they are eligible for reappointment provided that no person serves for more than ten consecutive years in the same post.
Approved by the Board on 12 December 2022 and signed on its behalf by:
Mrs P O’Toole (Hon. Chairperson)
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BUZZER BUSES (DIAL A RIDE) LIMITED
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF BUZZER BUSES (DIAL A RIDE) LIMITED
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022, which are set out on pages 7 to 15.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your examination must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
D R Kerins FCCA Ad Valorem Accountancy Services Ltd Chartered Certified Accountants & Statutory Auditors 2 Manor Farm Court Old Wolverton Milton Keynes Buckinghamshire MK12 5NN
Date: 16 December 2022
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BUZZER BUSES (DIAL A RIDE) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2022
| Unrestricted Funds General Designated reserve reserves £ £ Notes Income and endowments from Donations & Legacies 3 25,864 Charitable activities 4 193,525 Other trading activities 5 1,580 Investments 12 Other 6 9,813 Total income and endowments 230,794 - Expenditure on: Raising funds - Charitable activities 8 221,863 Other 8 750 Total expenditure 222,613 - Net Income/(Expenditure) for the Year 8,181 - Transfers Between Funds 15 53,960 ( 12,051) Net Movements in Funds 62,141 ( 12,051) Reconciliation of Funds Total funds brought forward from 1 April 2021 58,834 128,567 Total funds carried forward at 31 March 2022 120,975 116,516 |
Restricted Funds Capital assets £ 24,145 24,145 4,145 4,145 20,000 ( 41,909) ( 21,909) 21,909 - |
Total Funds 2022 £ 50,009 193,525 1,580 12 9,813 254,939 - 226,008 750 226,758 28,181 - 28,181 209,310 237,491 |
Total Funds 2021 £ 28,694 169,082 2,600 56 46,008 246,440 211,651 750 212,401 34,039 - 34,039 175,271 209,310 |
|---|---|---|---|
The notes on pages 9 to 15 form an integral part of these financial statements.
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BUZZER BUSES (DIAL A RIDE) LIMITED (REGISTERED NUMBER: 05338802)
BALANCE SHEET 31 March 2022
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS OF THE CHARITY Unrestricted funds: General fund 15 Designated funds 15 Restricted funds Capital assets 15 |
£ £ 132,691 20,169 94,611 114,780 ( 9,980) 104,800 237,491 120,975 116,516 - 237,491 2022 |
£ £ 80,195 15,303 132,598 147,901 ( 18,786) 129,115 209,310 58,834 128,567 21,909 209,310 2021 |
|---|---|---|
For the year ending 31 March 2022, the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP.
The financial statements were approved by the Board of Directors on 12 December 2022 and were signed on its behalf by:
Mrs P O'Toole
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BUZZER BUSES (DIAL A RIDE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022
1 ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard (SORP- FRS 102) (effective January 2016), the Statement of Recommended Practice for Charities (revised 2015), the Charities Act 2011 and the Companies Act 2006.
The presentation currency of the financial statements is the Pound Sterling (£).
Company status
The company is limited by guarantee and has no share capital. The liability of members is limited to £1 in the event of a winding up.
Preparation of the accounts on a going concern basis
The financial statements have been prepared on a going concern basis since the Trustees are confident that the Company is able to continue to meet its liabilities as they fall due for the next year after the accounts have been signed.
The impact of the coronavirus pandemic on our charity has been disclosed in the report of the trustees/directors. In our view, this does not affect our opinion that the financial statements should continue to be prepared on a going concern basis.
Fund accounting
Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes. Further details of each fund are disclosed in note 15.
Incoming resources
Voluntary income including donations and grants that provide core funding or are of a general nature is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Investment income is recognised on a receivable basis.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Tangible fixed assets
Individual fixed assets costing £250 or more are initially recorded at cost.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office and computer equipment - 20% on cost Motor vehicles - 12.5%-20% on cost
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Government grants
Government grants are recognised in the Income Statement so as to match them with the expenditure towards which they are intended to contribute.
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BUZZER BUSES (DIAL A RIDE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
2 NET INCOME/(EXPENDITURE) FOR THE YEAR
| The Net income/(expenditure) is | The Net income/(expenditure) is | stated after | charging: | charging: | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||||
| Depreciation - owned assets | 26,573 | 23,744 | ||||||||
| Accountants - independent examination | 600 | 600 | ||||||||
| Accountants - operators grants | 150 | 150 | ||||||||
| Directors' emoluments and other | benefits etc | - | - | |||||||
| DONATIONS & LEGACIES | - GRANTS | AND | DONATIONS | |||||||
| GRANTS | ||||||||||
| Leighton Linslade Council | 2022 £ 4,145 |
2021 £ 4,100 |
||||||||
| CBC Community Assets | - | 15,000 | ||||||||
| Connolly Foundation | 10,000 | - | ||||||||
| Edward Gosling | 10,000 | - | ||||||||
| Masonic Charitable Foundation | 5,000 | - | ||||||||
| National Lottery | 10,000 | - | ||||||||
| 39,145 | 19,100 | |||||||||
| Both the Edward Gosling and | National Lottery | grants | were restricted income grants. These | were provided | ||||||
| specifically for vehicle |
replacement. | The | Leighton | Linslade | Council | grant was |
||||
| also restricted, provided |
specifically | for | bus | operating | costs | (10 | week vehicle checks). |
|||
| DONATIONS | ||||||||||
| Donations Received | 2022 £ 10,509 |
2021 £ 9,284 |
||||||||
| Gift Aid | 355 | 310 | ||||||||
| 10,864 | 9,594 | |||||||||
| In addition to general |
donations, | there | were | the | following | significant donations in year: |
||||
| Co-op £2,181, Arnold Clarke Foundation £1,000, Link £1,500, New Life Church £1,000 and R Gibbons Legacy | ||||||||||
| £1,000. (2021: £5,000 was received from the | Bernard Sunley Trust | and £1,909 | from the Co-Op). | |||||||
| Total Grants & Donations | 50,009 | 28,694 |
3 DONATIONS & LEGACIES - GRANTS AND DONATIONS
- 4 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| Central Bedfordshire Council Contractual income from government or public authorities Other fares received UK Government grants Subscriptions Other income |
2022 £ 90,000 59,862 32,015 4,168 450 7,030 193,525 |
2021 £ 90,000 54,522 13,882 4,298 360 6,020 169,082 |
|---|---|---|
There was deferred income in the year of £1,240 (2021 - £4,040) from Link-A-Ride to provide transport to their clients.
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BUZZER BUSES (DIAL A RIDE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
5 OTHER TRADING ACTIVITIES
| Subscriptions Other Income Profit on sale of tangible fixed asset 6 OTHER INCOME HMRC JRS Grant payments |
2022 £ 1,580 - - 1,580 2022 £ 9,813 9,813 |
2021 £ 1,700 300 600 2,600 2021 £ 46,008 46,008 |
|---|---|---|
- 7 STAFF COSTS
The average number of persons employed by the charity during the year, analysed by category, was as follows:
| Drivers Administration Passenger Assistants Salaries Social security costs Pension costs |
2022 7 3 1 11 2022 £ 147,229 5,341 312 152,882 |
2021 6 3 1 10 2021 £ 148,457 3,820 274 152,551 |
|---|---|---|
No employee earned in excess of £60,000 per annum (2021 - none).
No staff redundancies were made during the financial year.
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BUZZER BUSES (DIAL A RIDE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
8 EXPENDITURE ON CHARITABLE ACTIVITIES
| Payroll Charitable Activities Employment costs 152,882 Other direct costs Depreciation of tangible fixed assets Establishment costs Office expenses Printing, posting and stationery Subscriptions and donations Sundry and other costs Travel and subsistence Accountancy fees Training Depreciation of tangible fixed assets 152,882 Other Costs Audit & Independent examination fees - 152,882 |
Bus Operating Costs 30,610 25,000 55,610 - 55,610 |
Support Costs 7,588 4,853 232 120 1,616 86 1,108 340 1,573 17,516 - 17,516 |
Governance - 750 750 750 |
2022 £ 152,882 30,610 25,000 7,588 4,853 232 120 1,616 86 1,108 340 1,573 226,008 750 750 226,758 |
2021 £ 152,551 19,652 22,361 6,318 4,877 716 197 1,201 - 2,395 - 1,383 211,651 750 750 212,401 |
|---|---|---|---|---|---|
9 GOVERNANCE COSTS
These costs relate to the audit fees for the Bus Service Operators Grant and the charge for the Independent Examination of the accounts.
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BUZZER BUSES (DIAL A RIDE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
10 TANGIBLE FIXED ASSETS
| Motor vehicles £ COST At 1 April 2021 171,560 Additions 77,851 Disposals At 31 March 2022 249,411 DEPRECIATION At 1 April 2021 95,814 Charge for year 25,000 Disposals At 31 March 2022 120,814 NET BOOK VALUE At 31 March 2022 128,597 At 31 March 2021 75,746 11 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade Debtors Other debtors Prepayments and accrued income 12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Accruals and deferred income |
Office & computer equipment £ 12,993 1,218 14,211 8,544 1,573 - 10,117 4,094 4,449 2022 £ 6,370 588 13,211 20,169 2022 £ 2,342 2,072 5,566 9,980 |
Totals £ 184,553 79,069 263,622 104,358 26,573 - 130,931 132,691 80,195 2021 £ 8,736 574 5,993 15,303 2021 £ 2,314 1,894 14,578 18,786 |
|---|---|---|
13 TAXATION
The company is a registered charity and is exempt from corporation tax.
14 PENSIONS
Employees of the charity are entitled to join a defined contribution pension scheme. The charity contribution is restricted to the contributions disclosed in note 7 as 'Pension costs'. The outstanding contributions at the year end are £nil (2021: £nil).
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BUZZER BUSES (DIAL A RIDE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
15 STATEMENT OF FUNDS
| General funds General reserve Designated funds General contingency reserve Bus replacement reserve Total unrestricted funds Restricted funds: Capital assets Total restricted funds Total funds |
At 1 April 2021 £ 58,834 65,000 63,567 187,401 21,909 21,909 209,310 |
Incoming resources £ 230,794 230,794 24,145 24,145 254,939 |
Resources expended £ 222,613 222,613 4,145 4,145 226,758 |
Transfers £ 53,960 ( 12,051) 41,909 ( 41,909) ( 41,909) - |
At 31 March 2022 £ 120,975 65,000 51,516 237,491 - - 237,491 |
|---|---|---|---|---|---|
The General reserve represents the free funds of the charity which are not designated for particular purposes.
The general contingency reserve is the amount deemed prudent by the trustees to be set aside under the terms of the reserves policy.
The bus replacement reserve represents funds set aside for the replacement of the fleet in due course. During the year £12,051 was transferred from the bus replacement funds to general funds.
The capital assets fund represents assets purchased out of the restricted grants. This was used to purchase 2 new buses,
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fund balances at 31 March 2021 are represented by: Tangible fixed assets Net current assets Net assets |
Restricted funds £ - - |
Designated funds £ 116,516 116,516 |
General funds £ 132,691 ( 11,716) 120,975 |
2022 Total £ 132,691 104,800 237,491 |
2021 Total £ 80,195 129,115 209,310 |
|---|---|---|---|---|---|
17 RELATED PARTY TRANSACTIONS
There were no related party transactions, other than those disclosed below.
Trustees received expenses totalling £NIL during the year (2021 - £NIL).
Cost of remuneration for key management personnel amounted to £38,891 (2021 - £33,370).
No trustees received any remuneration during the year. (2021 - £NIL).
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BUZZER BUSES (DIAL A RIDE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022
18 CAPITAL COMMITMENTS
As at 31 March 2022 the company had contracted to purchase motor vehicles of £nil (2021: £40,708).
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