Midsomer Norton & Radstock Dlal A Ride Charity No. 1109319 Company No. 05290277 Trustees, Report and Unaudited Accounts 31 March 2024
Midsomer Norton & Radstock Dial A Ride Contents Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Incorne and Expenditure Account Balance Sheet Pages Itol 2to2 3to3 4t04 5t05 Statement of Cash flows Notes to the Accounts Detailed Statement of Financial Activities 6t06 7t07
Midsomer Norton & Radstock Dial A Ride Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2()J6, present their report with the unaudited financial statements of the charity forthe year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Company No. 05290277 Charity No. 1109319 Registered Office The Hollies High Street Midsomer Norton RADSTOCK BA3 2DP Directors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: M. Ashman J. Bond E.H. Brown R. Chivers J. Dando P. Gay S.J. Steel T. Jennings J. Fackrell Accountants Incisive Accounting Limited 52 Grosvenor Gardens London SWIW OAU OBJEcfivES AND AcllviTIES The charity's objertives are to provide a community transport service forthose inhabitants of Midsomer Norton, Radstock and the surrounding rural areas, who are in need of a door-to-door transport service because they are unable to access conventional public transport because of age, sickness, disability, poverty or rural isolation. This service is provided by way of a flexible, on-demand service using a small fleet of modern low-floor minibuses. Journeys are booked in advance by the passenger enabling the cornpany to provide tailor-rnade transport from home to destination.
Midsomer Norton & Radstock Dial A Ride Trustees Annual Report A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities... A larger charity must provide an explanation how the achievement of its aims will further its legal purposes... A larger charity must provide an explanation of its strategies for achieving it5 Stated aims and objectives... A larger charity must provide an explanation of its criteria or measures it Uses to assess success in the reporting period... A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives... ACHIEVEMENTS AND PERFORMANCE The company provides its services throughout the geographical area extending from Nempnett Thrubwell in the west to Hinton Charterhouse in the east and from Norton Malreward in the north to Norton Radstock in the south. The company currently has six accessible vehicles, which enables it to continue to provide a high level of service in accordance wtth its main objectives. A larger charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set... A larger charrty must provide an explanation when material investments are held, details of investment performance achieved against objettives set... A larger charity must provide an explanation of any material expenditure occurred to raise income in the future... A larger charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives ... FINANCIAL REVIEW The company has made a loss this year due to the less receipt of operating grants throughout the period combined with more costs due to high demand for services . In addition to this, ongoing payroll costs were increased as the number of drivers were increased. No vehicle was sold during the year and a new vehicle was purchased in January. PLANS FOR FUTURE PERIODS Since the new vehicle is purchased, the company should bring more revenue which will enable the company to maintain the existing service and continue to meet demand. A larger charrty's report should explain the trustees perspective of the future direction of the charity... STRucfuRE. GOVERNANCE AND mANAGEmEr The charity is a company limited by guarantee. Overall responsibilty for the company rests with the trustees. A small number of admintstrative staff are employed to maintain the day-to-day running of the charity's attivitie5. The Trustees are responsible for keeping proper accounting records that disc105e with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Art 2(MJ6. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other irregularities.
Midsomer Norton & Radstock Dial A Ride Trustees Annual Report The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2(K)6 and in accordance with the Charities SORP IFRS 102). Signed on behalf of the board P. Gay Trustee 24 July 2024
Midsomer Norton & Radstock Dial A Rlde Independent Examiners Report Independent Examiner's Report to the trustees of Midsomer Norton & Radstock Dial A Ride I report to the charity trustees on my examination of the financial statements of Midsorner Norton & Radstock Dial A Ride for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the company land also its dirertors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 21X)6 Art. Having satisfied myseFfthat the financial statements of the Charty a not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Art,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) Ib} of the 2011 Act. Independent examiner's statement As the charity's gross income exceeded £250,OQMJ your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of FCA. which is one of the listed bodies. I have completed my examination. I can confimi that no material matters have come to my attention in connection with the examination giving me cause to believe". accounting records were not kept in accordance with section 386 of the 2(A)6 Act . or the financial statements do not accord WFth those records," or the financial statements do not comply with the accounting requirements under settion 396 of the 2006 Att other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by chartties applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). 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 orderto enable a proper understanding of the financial statements to be reached. Yasar Khan FCA Incisive Accounting Limited 52 Grosvenor Gardens London SWIW OAU 24 July 2024
Midsomer Norton & Radstotk Dlal A Ride Statement of Financial Activities for the year ended 31 March 2024 Unrestrirted funds Total funds Total fvnds 2024 Z024 2023 Notes Income and endowments from: Donations and legacies Charitable activtties Investments 1,66,189 96,568 2,201 1,66,189 96.568 2,201 1,33,752 83,097 1,490 Total 2,64,958 2,64,958 2.18,339 Expenditure on". Charitable activities Other 1,78,495 98,588 1,78,495 98.588 1,55,373 87,923 Totsi 2,77.083 2,77,083 2,43,296 Net gains on investments Net expenditure Transfers between funds Net expenditure before other gains/(losses) (12,125) (12.125) {24,957} {12,125) {12,125} {24,9571 Other gains and losses Net movement in funds (12,125) (12.125) 124,957) Reconciliatlon of funds: Total funds brought fonvard Total funds carried forward 178,372 178,372 2,03,329 1.66,247 1,66.247 1.78,372
Midsomer Norton & Radstock Dial A Ride Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 2,62,757 2,16,849 Interest and investment income 2,201 1,490 Gross income for the year Expenditure 2,64,958 2,51,156 2,18,339 2,20,479 Depreciation and charges for impairment of fixed assets 25,927 22,817 Total expenditu for the year Net expenditure before tax for the year Net expenditure for the year 2,77.083 2,43.296 (24,9571 (12,125) {12,125} {24,9571
Midsomer Norton & Radsto¢k Dial A Ride Balance Sheet at 31 March 2024 Company No. 05290277 Notes 2024 2023 Fixed assets Tangible assets li 1,00.291 1,00,291 91,549 91,549 Current assets Debtors Cash at bank and in hand 12 10.096 63.356 73,452 (7,497) 65,955 17,636 74,250 91,886 15,063) 86.823 Creditors: Amount falling due within one year Net current assets 13 Total assets less current liabilities Net assets excluding pension asset or Ilability Total net assets 1.66,246 1,78,372 1,66.246 1.78,372 1,66.246 1.78,372 The funds of the charity Restricted funds Unrestrirted funds General funds 14 14 1,66,246 178,372 1,66,246 178,372 Reserves 14 Total funds 1,66.246 178,372 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2024 the company was entitled to exemption under settion 477 of the Companies Att 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with settion 476 of the Companies Act 2006. The dirertors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 24 July 2024 And signed on If by: M. Ashman Trustee 24 July 2024
Midsomer Norton & Radstock Dial A Ride Notes to the Accounts for the year ended 31 Marth 2024 l Accountin8 policies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Chartties: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2015) (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2LK16. Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted fvnds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities {SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services and facilities These are only included in income (with an equivalent amount in expenditure) where the benefrt to the Charty is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when re1Vable. Gains/(lossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/{losses) on investment assets This includes any gain or loss on the sale of investments.
Midsomer Norton & Radstock Dial A Ride Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising funds These comprise the costs associated with attracting voluntary income, fundraising Expenditure on trading costs and investment management costs. These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated wtth meeting the constitutional and statutory requirements of the Charty, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular artivty. Grants payable Governance costs Other expenditure Taxation The charity is exempt from corporation tax on its charitable artivities. Tangible fixed assets and dePCIatIOn Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Motor vehicles FiKtures, fittings and equipment 25% reducing balance 25% reducing balan Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-terrn highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Midsomer Norton & Radstock Dial A Ride Notes to the Accounts Trade and other creditors Short term creditors are measured at the transartion price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charrty enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finan lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at theirfair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payment5 are apportioned between finance expenses and reduttion of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately. unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basi5 over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggre8ate benefrt of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. Receipt of donated goods, facllities and services All donated goods. facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Midsomer Norton & Radstock Dial A Ride Notes to the Accounts 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Financial Artivities - prior year Unrestrirted funds Restrirted funds Total funds 2023 2023 2023 Income and endowments from: Donations and legacies Charitable activities Investments 1,33,752 83,097 1,4 1,33,752 83,097 1,490 Total 2,18,339 2,18,339 Expenditure on: Charitable activities Other 1.55,373 87,923 1,55.373 87.923 Total 2.43,296 2,43,296 Net income (24,957) Net income before other gains/{losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total fund5 brought forward Total funds carried forward (24,9571 (24.957) {24,9571 {24,957) (24,957) 1,82,464 20,865 2,03.329 1,57,507 20,865 1,78,372 4 Income from donations and legacies Unrestricted Total 2024 Total 2023 Grants and donations 1,66,189 1.66,189 1,66,189 1,66,189 1,33,752 1,33,752 5 Income from charitable activities Unrestricted Total Total 2024 2023 Dial-A-Ride Services Christmas meal 94,539 2,029 96,568 94,539 2,029 96,568 81,823 1,274 83,097
Midsomer Norton & Radstock Dial A Ride Notes to the Accounts 6 Income from Investments Unrestricted Total Total 2024 2023 Interest receivable 2,201 2,201 2,201 2,201 1,490 1,490 7 Expenditure on charitable activities Unrestrirted Total 2024 Total 2023 Expenditure on charitable activities Dial-A-Ride services Christmas meal Governonce costs 1,76.894 1,601 1,76,894 1,601 1,54,090 1,283 1,78.495 1,78,495 1.55,373 8 Other expenditure Unrestricted Totsl Totsl 2023 2024 Advertising 402 402 254 Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 55,071 931 55,071 931 52,574 1,367 1,511 5,336 5,336 25,927 25,927 22,817 9,488 1,433 98,588 9,488 1.433 98,588 7,960 87,923 9 Net expenditure before transfers 2024 This is stated after charging: Depreciation of owned fixed assets 2023 25,927 22,817
Midsomer Norton & Radstock Dial A Ride Notes to the Accounts 10 Staff costs 2024 46,028 6.429 2,277 54,734 Salaries and wages Social security costs Pension costs 2023 44,189 5,711 2,674 52,574 No employee received emoluments in excess of £60,000. The average monthly number of full time equivalent employees during the year was as follows: 2024 Number 2023 Administration Driving Number li io 11 Tangible fixed assets Motor vehicles Fixtures. fittings and equipment Total Cost or revaluation At l April 2023 Additions Disposals At 31 March 2024 Depreciatlon and impairment At l April 2023 Depreciation charge for the year Disposals At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 12 Debtors 2,70,341 34,175 169.146) 2,35,370 25.833 1,436 2,96,174 35,611 (69,146) 2,62,639 27,269 1,82,684 21,941 2.04,625 24.744 1,183 25,927 (68,204) 1,39,224 168,204) 1,62,348 23,124 96.146 87,657 4,145 3.892 1,00,291 91,549 2024 2023 Trade debtors VAT recoverable Prepayments and accrued income 324 410 2,987 6,785 10,096 ,135 9,091 17,636
Midsomer Norton & Radstock Dial A Ride Notes to the Accounts 13 Creditors: amounts falling due within one year 2024 2023 Other taxes and social security Other creditors Accruals 3,494 2,950 634 1,479 5,063 3,495 7,497 14 Movement in funds Incomlng resources (including other At l April gains/losses 2023 Resources expended At31 March 2024 Restrirted funds: Unrestricted funds: General funds 178.372 2,64.958 (2.77,083) 1,66,246 Total funds 15 Analysis of net assets between funds 178,372 2,64,958 (2,77,083) 1,66,246 Unrestricted funds Restrirted funds Total Fixed assets Net current assets 99,063 65,955 1,65,018 1,228 I,CKI,291 65,955 1,66.246 1,228 16 Reconciliation of net debt At31 March 2024 At l April 2023 Cash flows Cash and cash equivalents 74,250 74,250 110,894) 110,894) 63,356 63,356 Net debt 74,250 (10.894) 63,356
Midsomer Norton & Radstock Dial A Ride Notes to the Accounts 17 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as follows: 2024 Land and buildin85 2024 2023 Land and buildings 2023 Other Other Operating leases with expiry date: Pension commitments 2024 2023 The pension cost charge to the companv amounted to: 2,277 2,674 18 Related party disclosures Controlling porty The company is limited by guarantee and has no share capital. thus no single party controls the company.
Mid50mer Norton & Radstock Dial A Ride Detailed Statement of Financial Activities for the year ended 31 March 2024 Unrestricted funds 2024 Total funds 2024 Totsl funds 2023 Income and endowments from.. Donations and legacies Grants and donations 1,66,189 1.66,189 1,66.189 1.66,189 1,33,752 1,33,752 Charitable activities Dial-A-Ride services Christmas meal 94,539 2.029 96,568 94,539 2.029 96,568 81,823 1,274 83,097 Investments Interest receivable 2,201 2,201 2,201 2,201 1,490 1,490 Total income and endowments Expenditure on". Charitable activtties Dial-A-Ride seniices Christmas meal 2,64,958 2.64,958 2,18,339 1,76.894 1,601 1,78,495 1,76,894 1,601 1,78,495 1,54,090 1,283 1,55,373 Total of expenditure on charitable activities 1,78.495 1,78.495 1,55,373 Other expenditure Advertising 402 402 402 402 254 254 Employee costs Salaries/wages Employer's NIC Pension costs Staff entertainment Staff training 46,028 6,429 2,277 70 46,028 6,429 2,277 70 267 44,189 5,711 2,674 267 55,071 Motor and travel costs Travel and subsistence 55,071 52,574 931 931 931 1,367 1,367 Premises costs Rent 931 5.336 5,336 5,336 5,336 1,511 1,511 General administrative costs. including depreciation and amortisation Depreciation of Motor vehicles 24.744 24,744 21.520
Midsomer Norton & Radstock Dial A Ride Detailed Statement of Financial Activities Depreciation of Fixtures, fittings and equipment Bank charges Equipment repairs and maintenance General insurances Postage and couriers Software, IT support and related costs 1,183 1,183 1,297 602 602 591 461 461 558 748 42 582 85 42 2,762 2,762 2,543 Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 1,303 390 1,569 1,611 35,415 1,303 390 1.569 1,611 35,415 978 15 1,5CKI 1,108 30,777 Legal and professional costs Audit/lndependent examination fees Accountancy and bookkeeping 660 1,433 1,433 1,433 1,433 780 Total of expenditure of other costs Total expenditure 98,588 98,588 87,923 2,77,083 2,77,083 2.43,296 Net gains on investments Net expenditure (12,1251 {12,125} 124,957) Net expenditure before other gains/(losses) Other Gains (12,1251 {12,1251 124,957} Net movement in funds (12,125) (12,1251 {24,9571 Reconciliation of funds: Total funds brought forward 178,372 178,372 2,03,329 Totsl funds carried forward 1,66,247 1,66.247 1,78,372