Holswoythy Rural
The Carroll Suite, Holsworthy Memotrial Hall, North koad,
Ho15WOrthy Devon EX22 6DJ
01409 259001
info@holsworthyFutalttransport.co,uk
www.holsworth
rur
Itr
ort.co,uk
charity No. 1109625
Company No. 05287515
COMMUNITY
TRANSPORT
HOLSWORTHY RURAL
COMMUNITY TRANSPORT LTD
ANNUAL REPORT
April 2023- March 2024
Charity Number: 1109623
Company number: 05287515
Registered Office:
The Carroll Suite. Holsworthy Memorial Hall, North Road,
Holsworthy Devon EX22 6DJ
th
12 August 2024
LOTTERY FUNDED

th
Charity Trustees at 5 April 2024:
Chairman:
Evelyn Sharman
Secretary:
Marion Perkin, Downicarey Cottage, St Giles on Heath, PL15 9RU
Treasurer-
John Lawlor
Trustees-
Ken James
David Perkin
Structure, governance and management
th
Holsworthy Rural Community Transport Ltd (HRCT) was set up as a charity on 4 October 1999, as
th
North Tamar Community Transport Association Ltd INTCTA}. On 16 November 2004 NTCTA
became a Company Limited by Guarantee. The company is governed by a Memorandum and Article5
th
of Association dated 16 November 2004. In 2010 the decision was taken to change the name of the
charity to better reflect the area it serves.
HRCT Ltd is run by a Board of Trustees, decisions being made by majority Vote {minimum quorum of
three). User representatives from the registered clients also attend meetings, along with the
Manager, Transport Co-ordinator and Community Development Worker. The Board meets at least
six times a year. The day-to-day running of HRCT Ltd is undertaken by the Manager and Transport
Co-ordinator.
Trustees are appointed by the existing Board as need arises, either due to the resignation of a
current Trustee or for specific skills or experience in relation to the running of the project. When
required, the posts for Trustees will be advertised locally. Prospective Trustees will be interviewed
by the existing Trustee5. and their appointment will then be decided by vote of the full Board.
HRCT Ltd aims to ensure that a minimum of six months running costs is held in reserves, in addition
to sufficient fund5 to ensure that in the event of HRCT Ltd ceasing to operate, all outstanding costs
can be met. This is currently the case.
The Tru5tee5 have referred to the guidance in the Charity Commission's general guidance on public
benefit when reviewing the aims and objectives and in planning of future activities. In particular the
trustees consider how planned activities will contribute to the aims and objectives they have set.

Objectives and activities
HRCT Ltd is based in Holsworthy and provides a service to 29 parishes, most of which are in the
Torridge District area, as well as Torrington and areas in North Cornwall including Bude and
Kilkhampton.
HRCT Ltd exists to provide transport for those who have no transport of their own and have difficulty
in accessing public transport. By doing this HRCT Ltd is improving the quality of life of local people by
making effective and sustainable community transport available in rural areas ensuring better access
to services li.e. retail, training, medical, education, Social and other services) for the target
population.
At present HRCT Ltd operates a Ring & Ride bus service which runs at least three days a week, two
school contracts, a Volunteer Car service which is used primarily for people needing to attend
medical appointments and a minibus hire service for local community groups and charities.
The map on the next page shows the main area covered by the Ring & Ride, the 29 southern
parishes of Torridge. The service also covers some areas in Cornwall, including Kilkhampton and
Bude. There are no similar services available to the Northern part of Cornwall.

Torridge District - Parish Boundaries
4fj-
"ao.
10km
A>￿1%11aM
11J ¢kJvelli
19 CookbLWy
20 tjolton
Dvwi4nd
22 Ea￿ Pvttor
23 FTilhf)Islo¢k
24 Gry4t Torriiiyltsn
HJKvi
26 Hattland
27 High Bickington
Hollo¢ornbe
Holwcrfthy
35 Littleham
36 Lili1￿ Tr)rnwion
31 Luffir￿#
38 Merton
Milbn D￿ere1
4D Mofjkle￿h
41 Pkjrlhdni
st Giles cn l*e Hèath
53 St GiLJ5 in Ihe Woo
SirtoJmbF
55 T•￿01t
56 Thombury
57 VirginBt
58 Wearo G5trard
SQ Wp.Icombp
60 W&5t PuY<Jrd
61 Wink.'tsi9h
$2 Woolf8rdis'Ngr.hy
63 YamscpAnhe
54 Lunuy
L*rdis¢olt
A&h￿isneY
e Ashwaler
8$alDrd
Torr
10 Bradford
11 8fBdwortby
t2 8iidgerule
13 8ro•dwoodwxlqef
14 8ucklan¢ Bre￿er
15 Bucklar,d Fllleigh
18 Bulkv
17
43 NE*toTh Sl Petrock
44 PanLYaSW*8
45 Parkharn
46 Peters Marland
47 PelrDEkslow
48 P￿rnhY
49 RoborDug
Sheb￿<
51 Sh¢epwbEh
31 Huish
J2 Hunishaw
Lahoi

Financial review
The submitted accounts show the state of the organisation at the end of March 2024. HRCT Ltd has
secured a Big Lottery Fund grant which will total £189,000 over three years. Further funding is still
being sought, as the Big Lottery grant Is not sufficient to cover all the organisational costs and
includes £65,000 allocated for a new minibus to replace the lease vehicle. However, additional small
grants are being applied for regularly.
Reserves policy:
Minimum of six months running costs to be held in reserves, plus allowances for redundancy
payments in the event of the closure of the organisation.
Current services provided
The Rin
& Ride
Pick Me U
is provided by minibuses. They collect clients from their homes, and
take them to widely varying destinations detailed on a bi-monthly timetable. Anyone who does not
have transport available to them is entitled to Use the service, regardless of age or financial position.
The Communi
Minibus Hire
Here for Hire
continues to grow in popularity, with more new groups
using the service, helping an estimated 500+ members of local community groups and charities.
The Volunteer Car
Cars for Care
is co-ordinated from the office and has a small team of volunteers,
using their own cars, taking people to appointments and services. The vast majority of these
journeys are for medical purposes, but occasionally for shopping or other appointments.
HRCT also operates two school transport contracts for Devon County Council.
Achievements and performance 2023-24
Having been in a very difficult financial position by the end of 2023, there was great relief within the
organisation, clients and community when a Big Lottery Fund grant was awarded in December 2023.
Although this has not covered all the organisational costs. with the vast majority of the furlding
allocated to a new minibus to replace the lease vehicle, the Trustees are now confident about the
future of the organi5ation for the next three years. It has become increasingly difficult to obtain
funding to run existing, succe55ful services, rather than new projects, but the award of this funding
hopefully marks a turning point with funders realising that established charities also provide
essential 5ervice5 to the community.
A comprehensive cost-cutting programme has been carried out with services being reduced and
minimum numbers of clients on Ring & Ridejourneys being increased, an annual membership fee,
increased Volunteer Car fees and variou5 Other measures.
The lease bus reached the end of its contract in December 2023, this was extended for a few months
until a new minibus was purchased in March 2024. This vehicle, a Mercedes, is a 17 seat vehicle
which is also school contract compliant with a tail lift. It is also anticipated that this will reduce
outgoing vehicle costs.

Ring & Ride Passenger numbers
350
300
250
200
+2019120
+2020121
150
loo
2021122
50
2022123
+2023124
The Ring & Ride service continues to adjust to passenger need and demand, altering destinations
and com bining d ifferent pickup areas. HRCT aims to provide the best possible service to their clients,
whilst being mindful of increasing costs. Minimum numbers of clients are required to run trips, and
every effort is being made to reduce costs while continuing to meet client need. This year saw a
decrease in passenger numbers, mainly due to the reduction of services because of financial
constraints. Numbers have remained steady, but each journey costs more than the clients can
realistically afford to pay in many cases, so the cuts have been essential to the continuation of the
service.
The Volunteer Car service numbers have risen again for the third year running. The service is running
well, and some new volunteers have been recruited after the loss of several during and after Covid.
The booking fee has been increased to £3 per journey, which has been generally well received by
clients. This is a time-consuming service to provide, with each journey involving multiple phone calls.
Volunteer Car - passenger numbers
140
120
loo
80
2019120
60
2020121
40
2021122
2022123
20
2023124

'.J*£
.'4RSrDR GIRE . RlflGA14D RIDE
ÉRE FOR HIRE
ACCP5s*Av os5eryliJl door io
The new minibus, nicknamed Ursula, with staff and trustees.
The long-term future of the service is obviously dependant on continued funding. The Trustees and
Staff will continue to work to seek out further funding whilst cutting costs wherever it is possible to
do so without compromising the quality of the services offered to the community.
Report approved on:
rM(L
Signed:
Name..
Position:

Re8lStered Charity No. 1109623
Company No, 05287515
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
A COMPANY LIMITED BY GUARANTEE
UNAUDITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
A COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Contents
Pages
Directors Report
Legal & Administrative information
Independent Examiners, Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
7-11

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are also direttors for the purposes of company law, are pleased to present their annual
directors, report togetler with the financial statements of the Charity for the year ended 31 March 2024 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 Act 2011, the Companies Att 2006, the Memorandum and
Articles of Association, and 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 IFRS1021 leffective 1st January 20191
Reference and administrative detalls
Reference and administrative details are shown in the schedule of members of the board and professional
advisers on page 3 of this document.
Constitutlon, Organisational Structure and Objectives
The charity is a charitable company limited by guarantee without share capital, incorporated on
16 November 2004 and registered as a charity on 16 November 2004. It is governed by a memorandum and
articles of association dated 28 June 2001 as amended on 7 January 2002. Its objectives are to provide a
community transport service for such of the inhabitants of Holsworthy and its neighbourhood who are in need
of such a service because of age, sickness or disability (mental or Physicall, or poverty, or because of a lack of
availability of adequate and safe public passenger services.
The Directors who control the Charity and carry out the administrative duties are listed on page 3.
In planning our activities we have kept in mind the Charity Commissioners guidance on public benefit and have
followed this guidance to demonstrate the char￿table aims are for the public benefit.
Trustees and thelr Interests
The members of the Charity are directors for the purposes of company law and trustees for the purposes of
Charity law. No directors hold shares but they have all guaranteed to pay an amount not exceeding £1 in the event
of the Charity ceasing and there being a deficiency. The trustees are appointed by the board of trLtstees following
recommendations from the Nominations Committee.
Future Strategies
The Charity plans to continue to look at ways of reducin8 overheads and searching for further funding.
Re5uFts
The results for the year are as stated in the attached financial statements. A net surplus of £36,456.
(Deficit of £86,254- 20231 arose this year.
The final balances carried forward including Restricted Funds of £22,170 was £123,563.
Achlevements and Performance
Due to on80ing efforts to reduce overheads & increase revenue, the organisation ha5 managed to continue.
Following a successful application to the National Lottery Community Fund, we have been able to return
a leased minibus & replacÈ it with one that we own. We are now in a stronger financial position as we
enter our 25th year & look fotward to supporting our community with. more financial confidence.
Reserves
These are held at a level which enables the Charity to carry out its objectives.

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Risks
The trustee5 have reviewed all known risks and have satisfied themselves that there are adequate Systems and
procedures in place to mitigate the risks identified.
Investment pollcy
The trustees have the power to invest in such assets 3S they feel is appropriate to the charity.
Surplus monies are held on deposit at the bank.
Responsibilities of the directors/trustees
The charity trustee5 Iwho are also the direttor5 of Holsworthy Rural Community Transport Limited for the
pdrposes of company lawl are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards IUK Generalty Accepted Accounting Practicel
Company law requires the directors to prepare financial statements for each financièl year which give a true and
fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparing these financial statements, the directors are required to..
l. Select suitable accounting policies and then apply them consistently
2. Observe the methods and principles in the Charities SORP
3. Make accounting judgements and estimates that are reasonable, responsible and prudent
4. Siate whether applicable UK accounting standards have beer) followed, subject to any material departures
disclosed and explained in the financial statements
5. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time the financial position of the charity and which enable them to ensure that the financial statements comply
with the Companie5 Act 2006. The directors are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information.
Legislation in the UK governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
C4£
Signed.......................
ON BEHALF OFTHE BOARD
E Sharman
Director

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENED 31 MARCH 2023
Directors:
D W Perkin
F M Perkin
KJ James
E C Sharman
J M Lawlor
Secretary:
F M Perkin
Charity Number:
1109623
Company Number:
5287515
Accountants:
Gareth Pollard Accountancy Services
The Old Orchard
Holsworthy
Devon
EX22 6LT
Registered Office:
The Carroll Suite
Holsworthy Memorial Hall
Manor Car Park
Holsworthy
Devon
EX22 6DJ

INDEPENDENT EXAMINERS REPORT TO THE COMMIThEE OF MANAGEMENT OF
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
YEAR ENDED 31 MARCH 2024
report on the accounts of the Company for the year ended 31 March 2024 which comprise of the
Statement of Fina ncial Activities, the Balance Sheet and the related notes. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Sta ndards IU nited Kingdom Generally Accepted Accounting Practice).
Respective Responsibilitles of Trustees and Examiner
As explained more fully in the Trustees, Responsibilities Statement, the trustees (who are also the
directors of the charitable company for the purposes of company law} are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view.
The trustees consider that an audit is not required for the year under section 14412} of the Charitie5 Act
2011 (the 2011 Act} and that an independent examination is needed. Having satisfied ourselves that the
charity is not subject to audit under part 16 of the Companies Act 2006 and is eligible for independent
examination,
It is our responsibility to:
l. Examine the accounts under section 145 of the 2011 Act
2. Follow procedures laid down in the general directions given by the Charity Commission
under section 145(5llbl of the 2011 Act
3. To state whether particular matters have come to our attention
Basis of Independent Examiner's Statement
Our exa mination was carried out in accordance with the General Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also include5 consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that would
be required in an audit, and consequently no opinion is given as to whether the accounts present a
true and fair view, and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention which gives us reasonable
cause to believe that in any material respect the requirements.
To keep accounting records in accordance with section 386 of the Companies Act 2006. and
To prepare accounts which accord with the accounting records and comply with the
accounting requirement5 of the Companies Act 2006 and with the methods and principles
of the Statement of Recommended Practice120151 have not been met; or
To which, in our opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Signed..............
Mr G Pollard
Gareth Pollard Accountancy Service5

HOLSWORTHY COMMUNITYTRANSPORT UMrrED
srATEMENT OF FINANCIALACTIVITIES IINCLUDING THE INCOME AND EXPENDrruRE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Restrlcted Fund5
General
Bi8 Lottèry
Unrestrlcted Runnkng Redundancy
Fund
Costs
Provislon
2024
Totsl
2023
Total
Note
Incomlng Resource5
From generated fvnds
Voluntary Income
Activities for C.eneratin8 Funds
Investrnent Income
Funds Transfer
101,814
80.899
9.100
110.914
80,899
41,451
90,633
7,500
Total Incoming Resource5
182.713
9,100
191,813
139,584
Resources Expended
Costs of generating funds
Costs of generating voluntary income
Governance costs
Funds Transfer
146.057
870
7.500
930
154.487
870
217,588
750
7,500
Total Resources Expended
146,927
7,5CM)
930
155,357
225,838
Net incomellexpenditurel lor the year before transfers
35,786
19301
36,456
186,2541
Total funds brought forward
Total funds carried forward
65,607
101.393
21.5
20,570
87,107
123.563
173,3EI
87.107
The statement of finar4cial attivitles Indudes all gains and105ses in the yeèr. All incorning resources and resources expentled derive from continuing èrtlvities

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
BALANCE SHEET AS AT 31 MARCH 2024
2024
2023
Note
Fixed Assets
Tangible assets
24,557
35,922
Current Assets
Debtors and prepayments
Cash at bank and in hand
3,387
96,433
99,820
1,832
58,703
60,535
Creditors
Amounts falling due within one year
io
910
9,350
Net Current Assets
98,910
51,185
Net Assets
123,467
87,107
Capital and Reserves
Restricted Income Funds
Unrestricted Income Funds
13
14
22,170
101,297
21,5
65,607
Total Reserves
123,467
87,107
For the financial year ended 31 March 2024 the charitable company was entitled to exemption from
audit under Companies Act 2006, s. 477 relating to small companies and the members have not
required the charity to obtain an audit of its accounts for the year in question in accordance with
s476. The director5 acknowledge their responsibilities for complying with the requirements of the
Companies Act 2006 and Charities Act 2011 with respect to accounting records and the preparation
of accounts.
These financial statements were approved by the Directors on
and are signed on their behalf by:
919
'LLJ
Signed.......-.-..
ON BEHALF OF THE BOARD
E Sharman
Director

HOLSWORTHY RURAL COMMUNIIY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNfiNG POLICIES
(a) Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS1021 (effective l January 20151-ICharities 50RP IFRS 10211, the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
(b) Company Status
The charity is a company limited by Euarantee. The members of the company are the trustees w41 0
are also ordinary members.
(c) Income Recognition
Income is recognised when the charity has entitlement to the funds, any performance cofjditions
attached to the itemlsl of income have been met, it is probable that the income will be received
and the amount can be measured reliably.
Income from grants, whether 'capital' gr3nts or 'revenue' grants, is recognised when the "harity
has entitlement to the funds, any performance conditions attached to the grants have been met,
it is probable thai the income will be received and the amount can be measured reliably and is
not deferred.
For legacies, entitlement is taken as the earlier of the date on which either.- the charity is aware
that probate has been granted, the estate has been finalised and notification has been made by
the executor{s} to the Trust that a distribJshian will be made. or when a distributuion is
received from the estate. Receipt of a legacy, in whole or in part, is only considered proable when
the amount can be measured feliably and the charity has been notified of the executor's
intention to make a distribution. Where legacies have been notified to the charity, or the charity
is aware of the granting of probate, and the criteria for income recognition have not been met,
then the legacy is treated as a contingent asset and disclosed if material.
(dl Donated servlces and facilitles
Donated professional services and donated facilities are recognised as income when the ch2rity
has control over the item, any conditions associated with the donated item have been met, the
receipt of economic benefit from the use by the charity of the item is probable and that economic
benefit can be measured reliably. In accordance with the Charities SORP IFRS 102}, the gener31
Volunteer time of Holsworthy Rural Community Transport Limited volunteers 15 not recognised
although this may be outlined in the Trustees, annual report.
On receipt, donated professional services and donated facilities are recognised on the basis Df
the value of the gift to the charity which is the amount the charity would have been willir,g to pav
to obtain services or facilitie5 Of equivalent economic benefit on the open market; a
corresponding amount is then recognised in expenditure in the period of receipt.
le) Investment income and Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity; this is norma51y upon notification of the interest paid or pay3ble by the
bank. Investment income is included when receivable and the value of investments are included
at revalued amounts.
{fj Fund accountlng
Up.restricted funds are available to spend on activities that further any of the purposes of the
charity. Designated funds are unrestricted funds of the charity which the trustee5 have decided
at their discretion to set aside to use for a specific purpose. Restricted funds are donations which
the donor has specified are to be solely used for particular areas of the charity's work or for
specific proiects being undertaken by the charity.

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (contlnuedl
{8) Expenditure recognltlon
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably. All expenditure is accounted for on an accruals basi5 and has been classified
under headings that aggregate all costs related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with
use of resources.
{hl Fixed assets
Fixed assets purchased for continuing use by the charity for the furtherance of its objectives are
capitalised at cost and depreciated over their economic lives.
(i) Depreciation
Tangible fixed assets are written off over their useful economic lives as follows:
Fixtures, fittings & equipment- 25Yo reducing balance
Motor Vehicles- 25% reducing balance
OPERATING SURPLUS
This is stated after charging:
2024
2023
Independent examiners fee
810
750
2024
Unrestritted Restrirted Total
2023
Total
VOLUNTARY INCOME
Grants
- Big Lottery
Devon County Council
- Other
9,100
9,100
19,236
54,469
82,805
19,236
54,469
73,705
17,885
22,281
40,166
Donations
Subsidies
13,374
14,735
101,814
13,374
14,735
9,100 110,914
1,285
41,451
AcfiviTIES FOR GENERATING FUNDS
Fares
Mini bus hire
Contract work
Booking services
BSOG: Vat reclaim
Membership fees
100 club
Snail race
Sundry receipts
Amazon smile
18,534
10,315
43,367
3,857
2,229
2,059
18,534
10,315
43,367
3,857
2,229
2,059
27,963
10,395
45,394
3,932
1,827
1,088
392
120
26
80,899
392
120
26
80,899
34
90,633

HOLSWORTHY RURAL COMMUNifY TRANSPORT LIMITED
NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31 MARCH 2024
Bl8 Lottery Redundancy
Unrestricted Restrlcted
Restricted
2024
Total
2023
Total
5 INVESTMENT INCOME
Loan interest
6 COSTS OF CHARITABLE AcfiviTIES
Salaries
Pension
Redundancy
staff medical
Casual labour
Rent
Repairs & renewals
Window cleaning
Telephone & broadband
Postage & st2tionery
Insurance
Bus lease
Bus fuel expenses
Bus repairs & maintenance
Bus insurance
Advertising
Sundry purchases
Online booking
Bank charges
Christmas lunch
Legal & professional fees
Loss on disposal of asset
Depreciation
75,891
2,485
4,656
153
80,547
2,638
930
319
1,986
5,496
429
104,294
3,575
8.500
930
301
1,871
5,178
404
18
115
115
318
25
5,496
2,447
05
604
37
iii
80
826
641
1,920
1.376
14,280
14,874
17,108
5,115
95
1,822
1,051
323
91
756
15.4951
8.185
930 154,487
678
2,149
2,755
14,316
24,352
18,022
5,379
429
1,120
989
358
27
1,809
1,296
13.454
14,014
17,108
4,819
90
1,822
1,051
323
91
756
15,4951
8.185
146,057
860
296
10,509
11,973
217,588
7,500
7 GOVERNANCE COSTS
Independent examination
870
870
870
870
750
750

HOL5WORTHY RURAL COMMUNITY TrANSPORT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
8 TANGIBLE FIXED ASSETS
Equipment Vehlcles
Total
Cost
As at 7 April 2023
Additions
Dlsposa15
As at 31 March 2024
24,096
217,804 241,900
64,995
64,995
123,8201 123,8201
258,979 283,075
24,096
Funding l Awards recefved
As 3t l Apri5 2023
Addtion5
As at 31 March 2024
1,199
144,790 145,989
64,995
64,995
209,785 210,984
1,199
Depreciation
As at l April 2023
Depreciation on disposal
Charge for the period
As at 31 March 2024
17,827
42,162
59,989
120,6401 120,6401
6,918
8,185
28,440
47,534
1,267
19,094
Net book value
As at 31 March 2024
As at l April 2023
3,803
5,070
20,754
30,852
24,557
35.922
9 CASH AT BANK AND IN HAND
2024
Total
2023
Total
Unrestriced Restricted
Unrestrlced Restricted
Lloyds account
Soldo card
Petty cash
74,157
106
22,170
96,327
106
36,626
275
326
37,227
21,500
58,126
275
302
58,703
74,263
22,170
96,433
21.500
10 CREDITORS: AMOUNTS FALL114G DUE wrrHIN ONE YEAR
2024
2023
Trade creditors
Accrua15
loo
810
910
8.500
850
9,350
11 CONTROL
The company was contro51ed throughout this period by its directors. The present dlrertors are as listed on page 3.
12 TAXATION
Holsworthy Rural Community Transport Limited is exempt from tax on income and gains falling within settion 505 of the
Taxes Act 1988 or $256 of the Taxation of Chargeable Gains arisen in the Charity.
io

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
13 RESTRicfED FUNDS
Movements in restricted funds were as follows
B/f
Income
Expenditure
C/f
Big lottery
Redundacy provision
9,100
17,5001
19301
18,430)
1,600
20,570
22,170
21,500
21,500
14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted
Funds
Total
Funds
Tangible fixed assets
Current assets
Current liabilities
Net assets
24,557
77,650
1910}
101,297
24,557
99,820
{910)
123,467
22,170
22,170
li

Re8lStered Charity No. 1109623
Company No, 05287515
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
A COMPANY LIMITED BY GUARANTEE
UNAUDITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
A COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Contents
Pages
Directors Report
Legal & Administrative information
Independent Examiners, Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
7-11

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are also direttors for the purposes of company law, are pleased to present their annual
directors, report togetler with the financial statements of the Charity for the year ended 31 March 2024 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 Act 2011, the Companies Att 2006, the Memorandum and
Articles of Association, and 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 IFRS1021 leffective 1st January 20191
Reference and administrative detalls
Reference and administrative details are shown in the schedule of members of the board and professional
advisers on page 3 of this document.
Constitutlon, Organisational Structure and Objectives
The charity is a charitable company limited by guarantee without share capital, incorporated on
16 November 2004 and registered as a charity on 16 November 2004. It is governed by a memorandum and
articles of association dated 28 June 2001 as amended on 7 January 2002. Its objectives are to provide a
community transport service for such of the inhabitants of Holsworthy and its neighbourhood who are in need
of such a service because of age, sickness or disability (mental or Physicall, or poverty, or because of a lack of
availability of adequate and safe public passenger services.
The Directors who control the Charity and carry out the administrative duties are listed on page 3.
In planning our activities we have kept in mind the Charity Commissioners guidance on public benefit and have
followed this guidance to demonstrate the char￿table aims are for the public benefit.
Trustees and thelr Interests
The members of the Charity are directors for the purposes of company law and trustees for the purposes of
Charity law. No directors hold shares but they have all guaranteed to pay an amount not exceeding £1 in the event
of the Charity ceasing and there being a deficiency. The trustees are appointed by the board of trLtstees following
recommendations from the Nominations Committee.
Future Strategies
The Charity plans to continue to look at ways of reducin8 overheads and searching for further funding.
Re5uFts
The results for the year are as stated in the attached financial statements. A net surplus of £36,456.
(Deficit of £86,254- 20231 arose this year.
The final balances carried forward including Restricted Funds of £22,170 was £123,563.
Achlevements and Performance
Due to on80ing efforts to reduce overheads & increase revenue, the organisation ha5 managed to continue.
Following a successful application to the National Lottery Community Fund, we have been able to return
a leased minibus & replacÈ it with one that we own. We are now in a stronger financial position as we
enter our 25th year & look fotward to supporting our community with. more financial confidence.
Reserves
These are held at a level which enables the Charity to carry out its objectives.

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Risks
The trustee5 have reviewed all known risks and have satisfied themselves that there are adequate Systems and
procedures in place to mitigate the risks identified.
Investment pollcy
The trustees have the power to invest in such assets 3S they feel is appropriate to the charity.
Surplus monies are held on deposit at the bank.
Responsibilities of the directors/trustees
The charity trustee5 Iwho are also the direttor5 of Holsworthy Rural Community Transport Limited for the
pdrposes of company lawl are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards IUK Generalty Accepted Accounting Practicel
Company law requires the directors to prepare financial statements for each financièl year which give a true and
fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparing these financial statements, the directors are required to..
l. Select suitable accounting policies and then apply them consistently
2. Observe the methods and principles in the Charities SORP
3. Make accounting judgements and estimates that are reasonable, responsible and prudent
4. Siate whether applicable UK accounting standards have beer) followed, subject to any material departures
disclosed and explained in the financial statements
5. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time the financial position of the charity and which enable them to ensure that the financial statements comply
with the Companie5 Act 2006. The directors are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information.
Legislation in the UK governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
C4£
Signed.......................
ON BEHALF OFTHE BOARD
E Sharman
Director

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENED 31 MARCH 2023
Directors:
D W Perkin
F M Perkin
KJ James
E C Sharman
J M Lawlor
Secretary:
F M Perkin
Charity Number:
1109623
Company Number:
5287515
Accountants:
Gareth Pollard Accountancy Services
The Old Orchard
Holsworthy
Devon
EX22 6LT
Registered Office:
The Carroll Suite
Holsworthy Memorial Hall
Manor Car Park
Holsworthy
Devon
EX22 6DJ

INDEPENDENT EXAMINERS REPORT TO THE COMMIThEE OF MANAGEMENT OF
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
YEAR ENDED 31 MARCH 2024
report on the accounts of the Company for the year ended 31 March 2024 which comprise of the
Statement of Fina ncial Activities, the Balance Sheet and the related notes. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Sta ndards IU nited Kingdom Generally Accepted Accounting Practice).
Respective Responsibilitles of Trustees and Examiner
As explained more fully in the Trustees, Responsibilities Statement, the trustees (who are also the
directors of the charitable company for the purposes of company law} are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view.
The trustees consider that an audit is not required for the year under section 14412} of the Charitie5 Act
2011 (the 2011 Act} and that an independent examination is needed. Having satisfied ourselves that the
charity is not subject to audit under part 16 of the Companies Act 2006 and is eligible for independent
examination,
It is our responsibility to:
l. Examine the accounts under section 145 of the 2011 Act
2. Follow procedures laid down in the general directions given by the Charity Commission
under section 145(5llbl of the 2011 Act
3. To state whether particular matters have come to our attention
Basis of Independent Examiner's Statement
Our exa mination was carried out in accordance with the General Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also include5 consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that would
be required in an audit, and consequently no opinion is given as to whether the accounts present a
true and fair view, and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matter has come to our attention which gives us reasonable
cause to believe that in any material respect the requirements.
To keep accounting records in accordance with section 386 of the Companies Act 2006. and
To prepare accounts which accord with the accounting records and comply with the
accounting requirement5 of the Companies Act 2006 and with the methods and principles
of the Statement of Recommended Practice120151 have not been met; or
To which, in our opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Signed..............
Mr G Pollard
Gareth Pollard Accountancy Service5

HOLSWORTHY COMMUNITYTRANSPORT UMrrED
srATEMENT OF FINANCIALACTIVITIES IINCLUDING THE INCOME AND EXPENDrruRE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Restrlcted Fund5
General
Bi8 Lottèry
Unrestrlcted Runnkng Redundancy
Fund
Costs
Provislon
2024
Totsl
2023
Total
Note
Incomlng Resource5
From generated fvnds
Voluntary Income
Activities for C.eneratin8 Funds
Investrnent Income
Funds Transfer
101,814
80.899
9.100
110.914
80,899
41,451
90,633
7,500
Total Incoming Resource5
182.713
9,100
191,813
139,584
Resources Expended
Costs of generating funds
Costs of generating voluntary income
Governance costs
Funds Transfer
146.057
870
7.500
930
154.487
870
217,588
750
7,500
Total Resources Expended
146,927
7,5CM)
930
155,357
225,838
Net incomellexpenditurel lor the year before transfers
35,786
19301
36,456
186,2541
Total funds brought forward
Total funds carried forward
65,607
101.393
21.5
20,570
87,107
123.563
173,3EI
87.107
The statement of finar4cial attivitles Indudes all gains and105ses in the yeèr. All incorning resources and resources expentled derive from continuing èrtlvities

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
BALANCE SHEET AS AT 31 MARCH 2024
2024
2023
Note
Fixed Assets
Tangible assets
24,557
35,922
Current Assets
Debtors and prepayments
Cash at bank and in hand
3,387
96,433
99,820
1,832
58,703
60,535
Creditors
Amounts falling due within one year
io
910
9,350
Net Current Assets
98,910
51,185
Net Assets
123,467
87,107
Capital and Reserves
Restricted Income Funds
Unrestricted Income Funds
13
14
22,170
101,297
21,5
65,607
Total Reserves
123,467
87,107
For the financial year ended 31 March 2024 the charitable company was entitled to exemption from
audit under Companies Act 2006, s. 477 relating to small companies and the members have not
required the charity to obtain an audit of its accounts for the year in question in accordance with
s476. The director5 acknowledge their responsibilities for complying with the requirements of the
Companies Act 2006 and Charities Act 2011 with respect to accounting records and the preparation
of accounts.
These financial statements were approved by the Directors on
and are signed on their behalf by:
919
'LLJ
Signed.......-.-..
ON BEHALF OF THE BOARD
E Sharman
Director

HOLSWORTHY RURAL COMMUNIIY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNfiNG POLICIES
(a) Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS1021 (effective l January 20151-ICharities 50RP IFRS 10211, the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
(b) Company Status
The charity is a company limited by Euarantee. The members of the company are the trustees w41 0
are also ordinary members.
(c) Income Recognition
Income is recognised when the charity has entitlement to the funds, any performance cofjditions
attached to the itemlsl of income have been met, it is probable that the income will be received
and the amount can be measured reliably.
Income from grants, whether 'capital' gr3nts or 'revenue' grants, is recognised when the "harity
has entitlement to the funds, any performance conditions attached to the grants have been met,
it is probable thai the income will be received and the amount can be measured reliably and is
not deferred.
For legacies, entitlement is taken as the earlier of the date on which either.- the charity is aware
that probate has been granted, the estate has been finalised and notification has been made by
the executor{s} to the Trust that a distribJshian will be made. or when a distributuion is
received from the estate. Receipt of a legacy, in whole or in part, is only considered proable when
the amount can be measured feliably and the charity has been notified of the executor's
intention to make a distribution. Where legacies have been notified to the charity, or the charity
is aware of the granting of probate, and the criteria for income recognition have not been met,
then the legacy is treated as a contingent asset and disclosed if material.
(dl Donated servlces and facilitles
Donated professional services and donated facilities are recognised as income when the ch2rity
has control over the item, any conditions associated with the donated item have been met, the
receipt of economic benefit from the use by the charity of the item is probable and that economic
benefit can be measured reliably. In accordance with the Charities SORP IFRS 102}, the gener31
Volunteer time of Holsworthy Rural Community Transport Limited volunteers 15 not recognised
although this may be outlined in the Trustees, annual report.
On receipt, donated professional services and donated facilities are recognised on the basis Df
the value of the gift to the charity which is the amount the charity would have been willir,g to pav
to obtain services or facilitie5 Of equivalent economic benefit on the open market; a
corresponding amount is then recognised in expenditure in the period of receipt.
le) Investment income and Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity; this is norma51y upon notification of the interest paid or pay3ble by the
bank. Investment income is included when receivable and the value of investments are included
at revalued amounts.
{fj Fund accountlng
Up.restricted funds are available to spend on activities that further any of the purposes of the
charity. Designated funds are unrestricted funds of the charity which the trustee5 have decided
at their discretion to set aside to use for a specific purpose. Restricted funds are donations which
the donor has specified are to be solely used for particular areas of the charity's work or for
specific proiects being undertaken by the charity.

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (contlnuedl
{8) Expenditure recognltlon
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third party, it is probable that settlement will be required and the amount of the obligation can be
measured reliably. All expenditure is accounted for on an accruals basi5 and has been classified
under headings that aggregate all costs related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with
use of resources.
{hl Fixed assets
Fixed assets purchased for continuing use by the charity for the furtherance of its objectives are
capitalised at cost and depreciated over their economic lives.
(i) Depreciation
Tangible fixed assets are written off over their useful economic lives as follows:
Fixtures, fittings & equipment- 25Yo reducing balance
Motor Vehicles- 25% reducing balance
OPERATING SURPLUS
This is stated after charging:
2024
2023
Independent examiners fee
810
750
2024
Unrestritted Restrirted Total
2023
Total
VOLUNTARY INCOME
Grants
- Big Lottery
Devon County Council
- Other
9,100
9,100
19,236
54,469
82,805
19,236
54,469
73,705
17,885
22,281
40,166
Donations
Subsidies
13,374
14,735
101,814
13,374
14,735
9,100 110,914
1,285
41,451
AcfiviTIES FOR GENERATING FUNDS
Fares
Mini bus hire
Contract work
Booking services
BSOG: Vat reclaim
Membership fees
100 club
Snail race
Sundry receipts
Amazon smile
18,534
10,315
43,367
3,857
2,229
2,059
18,534
10,315
43,367
3,857
2,229
2,059
27,963
10,395
45,394
3,932
1,827
1,088
392
120
26
80,899
392
120
26
80,899
34
90,633

HOLSWORTHY RURAL COMMUNifY TRANSPORT LIMITED
NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31 MARCH 2024
Bl8 Lottery Redundancy
Unrestricted Restrlcted
Restricted
2024
Total
2023
Total
5 INVESTMENT INCOME
Loan interest
6 COSTS OF CHARITABLE AcfiviTIES
Salaries
Pension
Redundancy
staff medical
Casual labour
Rent
Repairs & renewals
Window cleaning
Telephone & broadband
Postage & st2tionery
Insurance
Bus lease
Bus fuel expenses
Bus repairs & maintenance
Bus insurance
Advertising
Sundry purchases
Online booking
Bank charges
Christmas lunch
Legal & professional fees
Loss on disposal of asset
Depreciation
75,891
2,485
4,656
153
80,547
2,638
930
319
1,986
5,496
429
104,294
3,575
8.500
930
301
1,871
5,178
404
18
115
115
318
25
5,496
2,447
05
604
37
iii
80
826
641
1,920
1.376
14,280
14,874
17,108
5,115
95
1,822
1,051
323
91
756
15.4951
8.185
930 154,487
678
2,149
2,755
14,316
24,352
18,022
5,379
429
1,120
989
358
27
1,809
1,296
13.454
14,014
17,108
4,819
90
1,822
1,051
323
91
756
15,4951
8.185
146,057
860
296
10,509
11,973
217,588
7,500
7 GOVERNANCE COSTS
Independent examination
870
870
870
870
750
750

HOL5WORTHY RURAL COMMUNITY TrANSPORT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
8 TANGIBLE FIXED ASSETS
Equipment Vehlcles
Total
Cost
As at 7 April 2023
Additions
Dlsposa15
As at 31 March 2024
24,096
217,804 241,900
64,995
64,995
123,8201 123,8201
258,979 283,075
24,096
Funding l Awards recefved
As 3t l Apri5 2023
Addtion5
As at 31 March 2024
1,199
144,790 145,989
64,995
64,995
209,785 210,984
1,199
Depreciation
As at l April 2023
Depreciation on disposal
Charge for the period
As at 31 March 2024
17,827
42,162
59,989
120,6401 120,6401
6,918
8,185
28,440
47,534
1,267
19,094
Net book value
As at 31 March 2024
As at l April 2023
3,803
5,070
20,754
30,852
24,557
35.922
9 CASH AT BANK AND IN HAND
2024
Total
2023
Total
Unrestriced Restricted
Unrestrlced Restricted
Lloyds account
Soldo card
Petty cash
74,157
106
22,170
96,327
106
36,626
275
326
37,227
21,500
58,126
275
302
58,703
74,263
22,170
96,433
21.500
10 CREDITORS: AMOUNTS FALL114G DUE wrrHIN ONE YEAR
2024
2023
Trade creditors
Accrua15
loo
810
910
8.500
850
9,350
11 CONTROL
The company was contro51ed throughout this period by its directors. The present dlrertors are as listed on page 3.
12 TAXATION
Holsworthy Rural Community Transport Limited is exempt from tax on income and gains falling within settion 505 of the
Taxes Act 1988 or $256 of the Taxation of Chargeable Gains arisen in the Charity.
io

HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
13 RESTRicfED FUNDS
Movements in restricted funds were as follows
B/f
Income
Expenditure
C/f
Big lottery
Redundacy provision
9,100
17,5001
19301
18,430)
1,600
20,570
22,170
21,500
21,500
14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
Restricted
Funds
Total
Funds
Tangible fixed assets
Current assets
Current liabilities
Net assets
24,557
77,650
1910}
101,297
24,557
99,820
{910)
123,467
22,170
22,170
li