## **REPORT OF THE DIRECTORS AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2023**
**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 2023**
||**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 2023**
**DIRECTORS / TRUSTEES:** Mrs P L O'Toole (Chairperson) Mr D R Pipkin (Vice Chairperson) 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 2023**
The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2023, 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 32 years now constantly providing our Door to Door transport service for the elderly and disabled residents of Leighton Buzzard and the surrounding area. Our service has been operating normally, once again and we have been very busy. With our membership increasing, we now have over 1,000 members, we see the service 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 Mr D Pipkin Mrs J Connolly (resigned 1 October 2022) Mr N W Jephcote Mr J J O’Toole Mr 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 £1,190 (2022: net income £28,181). The balance sheet strengthened by 1% to £238,681.
## **Reference and Administrative Details**
These are detailed on Page 1 of this report.
Page 2
**BUZZER BUSES (DIAL A RIDE) LIMITED**
## **REPORT OF THE TRUSTEES / DIRECTORS (continued) for the Year Ended 31 March 2023**
## **Chairman’s report**
The last financial year has been another good one for Buzzer Buses especially with the comfort of the extended Dial-a-Ride contract from Central Bedfordshire Council. Although the fact that this contract will expire in August 2023 has meant a lot of meetings and preparation in readiness for the next phase.
Following the end of any restrictions and our members eagerness to get out and about we were very quickly surpassing the 75% of usual service that we reported in the Chairmans Report at the end of April 2022. Although the ever expanding size of Leighton Buzzard and continual roadworks has meant that we are not able to do quite as many journeys as we did.
Our Dial-a-Ride bookings and outings are continually filled as people still thoroughly enjoy the service that we
offer and the helpfulness of our drivers. Our school route is also back to full capacity, and this as always works very well to keep our buses busy before and after the peak Dial-a-Ride hours, as well as supporting the service financially to continue.
We are still bringing back our streamlining measures and carry far more people on each journey than we did during the Covid Pandemic. This previously proved helpful to reduce costs and increase income and we will hopefully be back to pre-pandemic levels very soon.
We are still extremely fortunate to have the services of one of our trustees who dedicates a great deal of his time to fund raising and other aspects of then charity. He has again raised a considerable amount of money towards our ‘bus replacement programme’ and running costs. This has allowed us to purchase another new Bus in 2023.
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 fourth year running we have again exceeded our expectations and have a surplus for the year April 2022 to March 2023 of £1,190.
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.
Page 3
**BUZZER BUSES (DIAL A RIDE) LIMITED**
## **REPORT OF THE TRUSTEES / DIRECTORS (continued) for the Year Ended 31 March 2023**
## **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 10 October 2023 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:
1. Orderly closure of the business if continuation is no longer possible.
2. The continuation of the business in periods of adverse cash flow.
3. The acquisition of new office premises and associated moving costs.
4. The replacement of secure parking facilities for our buses.
5. Emergency Hire of a vehicle should the need arise to maintain service.
1. 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.
2. 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 2023 and beyond.
Page 4
**BUZZER BUSES (DIAL A RIDE) LIMITED**
## **REPORT OF THE TRUSTEES / DIRECTORS (continued) for the Year Ended 31 March 2023**
## **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 30 January 2024 and signed on its behalf by:
Mrs P O’Toole (Hon. Chairperson)
Page 5
**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 2023, 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**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
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: 30 January 2024
Page 6
## **BUZZER BUSES (DIAL A RIDE) LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2023**
|**Notes**
**Income and endowments from**
Donations & Legacies
3
Charitable activities
4
Other trading activities
5
Investments
Other
6
**Total income and endowments**
**Expenditure on:**
Raising funds
Charitable activities
8
Other
8
**Total expenditure**
**Net Income/(Expenditure) for the Year**
**Transfers Between Funds**
15
**Net Movements in Funds**
**Reconciliation of Funds**
Total funds brought forward from 1 April 2022
**Total funds carried forward at**
**31 March 2023**|**Unrestricted Funds**
**General**
**Designated**
**reserve**
**reserves**|**Restricted**
**Funds**
**Capital**
**assets**
**£**
9,349
9,349
4,349
4,349
5,000
5,000
-
5,000|**Total Funds**
**2023**
**£**
43,953
192,706
1,435
763
-
238,857
-
236,917
750
237,667
1,190
-
1,190
237,491
238,681|**Total Funds**
**2022**|
|---|---|---|---|---|
||**£**
**£**
34,604
192,706
1,435
763
-|||**£**
50,009
193,525
1,580
12
9,813|
||229,508
-|||254,939|
||-
232,568
750|||-
226,008
750|
||233,318
-|||226,758|
||||||
||( 3,810)
-
( 5,750)
5,750|||28,181
-|
||( 9,560)
5,750
120,975
116,516|||28,181
209,310|
||111,415
122,266|||237,491|
The notes on pages 9 to 15 form an integral part of these financial statements.
Page 7
## **BUZZER BUSES (DIAL A RIDE) LIMITED (REGISTERED NUMBER: 05338802)**
## **BALANCE SHEET 31 March 2023**
|**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|**£**
**£**
**£**
**£**
103,377
132,691
22,247
20,169
121,397
94,611
143,644
114,780
( 8,340)
( 9,980)
135,304
104,800
238,681
237,491
111,415
120,975
122,266
116,516
5,000
-
238,681
237,491
**2023**
**2022**|**£**
**£**
**£**
**£**
103,377
132,691
22,247
20,169
121,397
94,611
143,644
114,780
( 8,340)
( 9,980)
135,304
104,800
238,681
237,491
111,415
120,975
122,266
116,516
5,000
-
238,681
237,491
**2023**
**2022**|
|---|---|---|
||||
|||237,491|
|||120,975
116,516
-|
|||237,491|
For the year ending 31 March 2023, 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 2023 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 30 January 2024 and were signed on its behalf by:
Mrs P O'Toole
Page 8
**BUZZER BUSES (DIAL A RIDE) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023**
## 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.
## **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.
Page 9
## **BUZZER BUSES (DIAL A RIDE) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023**
## 2 **NET INCOME/(EXPENDITURE) FOR THE YEAR**
|The Net income/(expenditure) is stated after charging:
Depreciation - owned assets
Accountants - independent examination
Accountants - operators grants
Loss on disposal of fixed assets
Directors' emoluments and other benefits etc
**DONATIONS & LEGACIES - GRANTS AND DONATIONS**
**GRANTS**
Leighton Linslade Council
CBC Community Assets
Connolly Foundation
Edward Gosling
Masonic Charitable Foundation
National Lottery
Wixam Tree
Tesco
Garfield Weston
Albert Hunt|**2023**
£
28,515
600
150
2,022
-
**2023**
£
4,349
-
-
-
5,000
10,000
5,000
1,000
5,000
5,000
35,349|**2022**
£
26,573
600
150
-|
|---|---|---|
|||-|
|||**2022**
£
4,145
-
10,000
10,000
5,000
10,000
-
-
-|
|||39,145|
## 3 **DONATIONS & LEGACIES - GRANTS AND DONATIONS**
The Leighton Linslade Council grant was restricted, provided specifically for bus operating costs (10 week vehicle checks). The Grant from Wixam Tree was also restricted to contribute to the purchase of new bus.
## **DONATIONS**
**2023 2022** £ £ Donations Received 8,424 10,509 Gift Aid 180 355 8,604 10,864 In addition to general donations, there were the following significant donations in year: In Memory Mrs June Morris £5,000. (2022: Co-op £2,181, Arnold Clarke Foundation £1,000, Link £1,500, New Life Church £1,000 and R Gibbons Legacy £1,000).
|Total Grants & Donations
**INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**
Central Bedfordshire Council
Contractual income from government or public authorities
Other fares received
UK Government grants
Subscriptions
Other income|43,953
**2023**
£
90,000
64,820
32,027
4,971
888
-
192,706|50,009|
|---|---|---|
|||**2022**
£
90,000
59,862
32,015
4,168
450
7,030|
|||193,525|
- 4 **INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**
There was deferred income in the year of £nil (2022 - £1,240) from Link-A-Ride to provide transport to their clients.
Page 10
## **BUZZER BUSES (DIAL A RIDE) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023**
## 5 **OTHER TRADING ACTIVITIES**
|**2023**
£
Subscriptions
1,435
Other Income
-
Profit on sale of tangible fixed asset
-
1,435
6
**OTHER INCOME**
**2023**
£
HMRC JRS Grant payments
-
-
7
**STAFF COSTS**
The average number of persons employed by the charity during the year, analysed by category, wa
**2022**
Drivers
6
Administration
4
Passenger Assistants
1
11
**2023**
£
Salaries
147,861
Social security costs
3,797
Pension costs
1,375
153,033|**2022**
£
1,580
-
-|
|---|---|
||1,580|
||**2022**
£
9,813|
||9,813|
||s as follows:
**2022**
7
3
1|
||11|
||**2022**
£
147,229
5,341
312|
||152,882|
- 7 **STAFF COSTS**
No employee earned in excess of £60,000 per annum (2022 - none).
Page 11
## **BUZZER BUSES (DIAL A RIDE) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023**
## 8 **EXPENDITURE ON CHARITABLE ACTIVITIES**
|Payroll
**Charitable Activities**
Employment costs
153,033
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
Loss on disposal of tangible fixed assets
153,033
**Other Costs**
Audit & Independent examination fees
-
153,033|Bus
Operating
Costs
35,262
26,578
61,840
-
61,840|Support
Costs
8,939
3,754
1,420
120
2,522
455
675
200
1,937
2,022
22,044
-
22,044|Governance
-
750
750
750|**2023**
**2022**
£
£
153,033
152,882
35,262
30,610
26,578
25,000
8,939
7,588
3,754
4,853
1,420
232
120
120
2,522
1,616
455
86
675
1,108
200
340
1,937
1,573
2,022
236,917
226,008
750
750
750
750
237,667
226,758|
|---|---|---|---|---|
## 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.
Page 12
## **BUZZER BUSES (DIAL A RIDE) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023**
## 10 **TANGIBLE FIXED ASSETS**
|Motor
vehicles
£
**COST**
At 1 April 2022
249,411
Additions
420
Disposals
( 59,077)
At 31 March 2023
190,754
**DEPRECIATION**
At 1 April 2022
120,814
Charge for year
26,578
Disposals
( 56,055)
At 31 March 2023
91,337
**NET BOOK VALUE**
At 31 March 2023
99,417
At 31 March 2022
128,597
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
£
14,211
1,803
16,014
10,117
1,937
-
12,054
3,960
4,094
**2023**
£
13,555
1,306
7,386
22,247
**2023**
£
3,504
2,328
2,508
8,340|Totals
£
263,622
2,223
( 59,077)|
|---|---|---|
|||206,768|
|||130,931
28,515
( 56,055)|
|||103,391|
|||103,377|
|||132,691|
|||**2022**
£
6,370
588
13,211|
|||20,169|
|||**2022**
£
2,342
2,072
5,566|
|||9,980|
## 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 (2022: £nil).
Page 13
## **BUZZER BUSES (DIAL A RIDE) LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023**
## 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**
**2022**
£
120,975
65,000
51,516
237,491
-
-
237,491|**Incoming**
**resources**
£
229,508
229,508
9,349
9,349
238,857|**Resources**
**expended**
£
233,318
233,318
4,349
4,349
237,667|**Transfers**
£
( 5,750)
5,750
-
-
-|**At**
**31 March**
**2023**
£
111,415
65,000
57,266|
|---|---|---|---|---|---|
||||||233,681|
||||||5,000|
||||||5,000|
||||||238,681|
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.
The capital assets fund represents assets purchased out of the restricted grants.
## 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**
£
5,000
5,000|**Designated**
**funds**
£
122,266
122,266|**General**
**funds**
£
103,377
8,038
111,415|**2023**
**Total**
£
103,377
135,304
238,681|**2022**
**Total**
£
132,691
104,800|
|---|---|---|---|---|---|
||||||237,491|
## 17 **RELATED PARTY TRANSACTIONS**
There were no related party transactions, other than those disclosed below.
Trustees received expenses totalling £94 during the year (2022 - £NIL).
Cost of remuneration for key management personnel amounted to £42,286 (2022 - £38,891).
No trustees received any remuneration during the year. (2022 - £NIL).
Page 14
**BUZZER BUSES (DIAL A RIDE) LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023**
## 18 **CAPITAL COMMITMENTS**
As at 31 March 2023 the company had contracted to purchase motor vehicles of £63,100 (2022: £nil).
Page 15