Holswoythy Rural The Carroll Suite, Ho15WOrthy Memorial Hall, North Road, Ho15WOrthy Devon EX22 6DJ 01409 259001 inh@holsworthyruraltran5POrt.co,uk www.holsworth rur Itr ort.co.uk charity No. 1109623 Company No. 05287515 COMMUNITY TRANSPORT HOLSWORTHY RURAL COMMUNITY TRANSPORT LTD ANNUAL REPORT April 2024- March 2025 Charity Number: 1109623 Company number: 05287515 Registered Office: The Carroll Suite, Holsworthy Memorial Hall, North Road, Holsworthy Devon EX22 6DJ th 13 May 2025 LQITEri¥ LOTTERY FUNDED
th Charity Trustees at 5 April 2025: Chairman: Evelyn Sharman Secretary.. Marion Perkin, Downicarey Cottage, St Giles on Heath, PL15 9RU Treasurer: John Lawlor Trustees: Ken James David Perkin Amanda Suitters John Addicott 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 (NTCTA). On 16 November 2004 NTA became a Company Limited by Guarantee. The company is governed by a Memorandum and Articles 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). The Board meets at least six times a year and the Transport Manager, Finance Manager and Community Development & Fundraising Officer all attend these meetings. The day-to-day running of HRCT Ltd is undertaken by the Transport Manager and Finance Manager. User representatives from the registered clients also have separate meetings with the Managers and a Trustee. 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 Trustees, 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 funds to ensure that in the event of HRCT Ltd ceasing to operate, all outstanding costs can be met. This is currently the case. The Trustees have referred to the guidance in the Charity Commission'5 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 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 64 A>bolliam A0J Biekwn 3 Alwcrdi$c)ti yinglDn Ashreigney 8 Ajhwatqr 88aloftl 8Ml&ford 9 Black TMlOn 10 Brpdford 11 aiH(hworthy 12 Biidgwjle 13 &oad4Yoodwitlqer 14 8uckl.8nd Bre'lier 15 8ucklar.d Flllelgh lfj Bulkworihy 18 Lk)¥elly 19 CorAoury 35 Littloharn 36 L.itilÈ TDmnqion 37 Luffincoll 38 k4et1on 39 lA1¢n D1¢1 40 K4DfjklobJh 41 N(Tdham 42 Nrthwtt 43 Si P•rro¢k 52 St Giles on Heath 53 St Giles In th6 1,00 21 13vwland 22 E* Purford 23 Frilhtplslock 24 Great Torrtnglon Hakv 26 Hart13f5d 27 High Bickingion 28 HollocDmbe 4$ Parkha 29 HO1ChY AS Peter5 Klaii¥nd 31) HD&worthy 47 Pslrctkslo4Y 31 HLJish 48 Pyv4Orthy 32 Huni$h3W 49 RcborDUg 33 Lpndcross SO Shebte 34 Loie 55 T•0 56 Thomtsjry 57 Inrginitrv Weare Crff8rd 59 Wekomb 60 W1 Purfcjrd 61 Wlnkielgh 67 WDoll8rd¥wor,hy 63 Yamscc¥Thbe 64 Lundy PJv%n
Financial review The submitted accounts show the state of the organisation at the end of March 2025. 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 orga nisational 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 organi5ation. 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 doe5 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 contrarts for Devon County Council. Achievements and performance 2024-25 The organisation ha5 $0 far successfully adapted its services to run within budget, with funding coming from the Big Lottery Fund, various small grants and local Town and Parish Counci15. Services are still reduced from what had been previously offered prior to 2023, but all Ring and Ride clients have access to at least one journey a week, and the volunteer car service is meeting most requests for transport to healthcare appointments. The replacement of the leased minibus with a purchased vehicle has reduced the outgoing costs on vehicles, with the bonus that the vehicle is more comfortable for the clients. Fares have been increased slightly, as have membership fees, hire charges and the annual Ring & Ride membership fee. Bude Age Concern are also Sponsoring part of the cost for Bude clients having received a generous legacy. Numbers of clients have generally increased across all services. The hire service for Socal community groups and charities continues to be well supported, with many local groups and sports clubs using the buses on a regular basis.
Ring & Ride Passenger numbers 350 300 250 2020121 200 150 +2021122 2022123 2023124 loo 50 2024125 The Ring & Ride service continually adjusts to passenger need and demand, altering destinations and combining different 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 has seen a slight increase in passenger numbers, which is shows that the service is working efficiently as the number of trips has not been increased. The Volunteer Car service numbers have risen again for the fourth 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 kept at £3 perjourney. This is a time-consuming service to provide, with each journey invoSving multiple phone calls. Volunteer Car - passenger numbers 80 70 60 50 +2020121 40 4@m2021122 30 2022123 20 +2023124 io ••w2024125
,'4RSFOR ¢AFIE J RifiGA.PID RIDE .. HERE foR HIRE 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: 20 NAY 2025 Signed: Name: Position:
Registered 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 2025
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 2025 The Trustees. who are 31so directors for the purposes of company law, are pleased to present their annual directors, report together with the financial statements of the Charity for the year ended 31 March 2024 which are also prepared to meet the requirements for a director5, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association. and AccoLJnting 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 (effective 1st January 20191 Reference and administrative detai15 Reference and administrative detai15 are shown in the schedule of members of the board and professional advisers on page 3 of this document. Constitution, 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 tommunity 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 Imental or Physicall, or poverty, or because of a lack of vailability 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 charitable aims are for the public benefit. Trustees and their 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 trustees following recommendations from the Nominations Committee. Future Strategie5 The Charity plans to continue to look at ways of reducing overheads and searching for further funding. Results The results for the year are as stated in the attached financial statements. A net surplus of £9,863 (Surplu5 of £36,456 - 20241 arose this year. The final balances carried forward including Restricted Funds of £21,770 was £133,004. Achievements and Performance The organisation has so far successfully adapted its seNices to run within budget, with funding coming from the Big Lottery Fund, various small grants and local Town and Parish Council5. The replacement of the leased minibus with a purchased vehicle has reduced the outgoing costs on vehicles. Fares have been increased slightly, as have membership fees, hire charges and the annual Ring & Ride membership fee. The hire service for local community group5 and charities continues to be well supported and the volunteer car service numbers have risen again for the fourth year running ReseThies These are held at a level which enables the Charity to carry out its objectives.
HOLSWORTHY RURAL COMMUNITYTRANSPORT LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Risks The trustees have reviewed all known risks and have satisfied themselves that there are adequate systems and procedures in place to mitigate the risks identified. Investment policy The trustees have the power to invest in such assets as they feel is appropriate to the charity. Surplus monies are held on deposit at the bank. Responsibilitles ot the director5ltrustees The charity trustees (who are also the directors of Ho15WOrthy Rural Community Transport Limited for the PLJrposes of company lawl are responsible ,or preparing 3 trustee5' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice) Company law requires the directors to prepare financial statements for each financial 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 (Jirectors 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. State whether applicable UK accounting standards have been 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 posltion of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the asset5 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. .lL. jO-6-zs Signed...........................-.................... Date.. ON BEHALF OF THE BOARD E Sharman Director
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENED 31 MARCH 2025 Directors: D W Perkin F M Perkin K J James E C Sharman J M Lawlor Secretary: F M Perkin Charity Number: 1109623 Company Number: 5287515 Accountants: Gareth Pollard Accou ntancy 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 REPORTTO THE COMMIThEE OF MANAGEMENT OF HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED YEAR ENDED 31 MARCH 2025 We report on the accounts of the Company for the year ended 31 March 2025 which comprise of the Statement of Financial Activities, the Balance Sheet and the related notes. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Respertive Responsibilities of Trustees and Examlner As explained more fully in the Trustee5' Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl 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 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied ourselves that the charitv 15 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 1451Sllbl of the 2011 Act 3. To state whether particular matters have come to our attention Basis of Independent Examiner's Statement Our examination 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 includes 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 requ ired 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 ar.cord with the accounting records and comply with the accounting requirements 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............ Date- Mr G Pollard Gareth Pollard Accountancy Services
HOLSWORTMY COMMU141TYTRANSPORT LIMITED STATEMENT OF FINANCIAL AcnviTIES IINaUOING THE INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 1025 Restricted Fund$ Big Lottery Running Redundanry Costs Provision General Unrestrided Fund 2025 Total 2024 Total Note Incoming Resources From generated funds Volunt8ry Income Attivities for Generating Funds Inve5trnent Income 51,154 81,S22 40,700 91,854 81,522 110,914 80,899 Total Incomin8 Resources 132,676 40,700 173.376 191,813 Resources Expended Costs of Benerating funds C05t5 of generatln8 voluntary income Governance costs 121,603 810 41,100 162,703 810 154.487 870 Total Resources Expended 122.413 41,IQK) 163,513 155,357 Net income/lexpenditUTel for the year before transfers 10,263 14QKII 9,863 36,456 Total funds brought lorw8rd Total funds carried forward 101,393 111,656 1,6 1,200 20,570 20,570 123,563 133,426 87,107 123,563 The statement of firianci31 artivities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing artivitles
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed Assets Tangible assets 18,419 24,557 Current Assets Debtors and prepayments Cash at bank and in hand 2,481 113,014 115,495 3.387 96,433 99,820 Creditors Amounts falling due within one year io 910 910 Net Current Assets 114.585 98.910 Net Assets 133,004 123,467 Capital and Reserves Restricted Income Funds Unrestricted Income Funds 13 21,770 111,234 22,170 101,297 14 Total Reserve5 133,004 123,467 For the financial year ended 31 March 2025 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 requ irements 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= jO-6-ZS .iL. Signed........-.-......... ON BEHALF OF THE BOARD E Sharman Director
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES lal Basis of preparation of financial statements The financial statements have been prepared in accordance with 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 (effective l January 20151-ICharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. (bl Company Status The charity is a company limited by guarantee. The members of the company are the trustees who are also ordinary members. {c} Income Recognition Income is recognised when the charity h35 entitlement to the funds, any perforrnance conditions 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, grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and 15 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 executorlsl to the Trust that a distribushian 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 reliably and the charity ha5 been notified of the executor's intention to make a distribution. Where legacie5 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 disc105ed if material. {dl Donated services and facilities Donated professionvl services and donated facilities are recognised as income when the charity 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 1021, the general volunteer time of Ho15WOrthy Rural Community Transport Limited volunteers is 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 of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain SeiCe5 or facilities of equivalent economic benefit on the open market,. a corresponding amount 15 then recognised in expenditure in the period of receipt. lel 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 normally upon notification of the interest paid or payable by the bank. Investment income is included when receivable and the value of investments are included at revalued amounts. In Fund accountlng Unrestricted fund5 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 trustees 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'5 work or for specific projects being undertaken by the charity.
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES {continuedl Igl Expenditure recognition Expenditure is recognised once there is a legal or constructive obligation to make a payment to 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 b2515 and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directlv attributed to particular headings they have been allocated to activities on a basis consistent with use of resources. (h) Fixed a55et5 Fixed assets purchased for contiryuing use by the charity for the furtherance of its objectives are capitalised at cost and depreciated over their economic lives. lil Depreciation Tangible fixed a55ets are written off over their useful economic lives as follows.. Fixtures, fittings & equipment - 250A reducing balance Motor Vehicles _ 250A reducing balance OPERATING SURPLUS Thi5 IS stated after charging.. 2025 2024 Independent examiners fee 810 810 2025 Total 2024 Total Unrestricted Restricted VOLUNTARY INCOME Grants Big Lottery Devon County Council Other 40,700 40,700 20,148 755 61,603 9,100 19,236 54,469 82,805 20,148 755 20,903 Donations Sub5idie5 6,081 24,170 51,154 6,081 24.170 91,854 13.374 14,735 110,914 40,700 ACTIVITIES FOR GENERATING FUNDS Fares Mini bus hire Contract work Booking services BSOG.. Vat reclaim Membership fees Snail race Sundry receipts Amazon smile 18,808 8,906 48.390 18,808 8,906 48,390 18,534 10,315 43,367 3,857 2,229 2,059 392 120 2,659 2,149 2,659 2,149 610 610 26 80,899 81,522 81,522
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Big Lottery Redundanry Unrestricted Restricted Restrirted 2025 Total 2024 Total 5 INVESTMENT INCOME Loan interest 6 COSTS OF CHARITABLE ACTIVITIES Salaries Pension Redundancy Staff travel Staff medical Casual labour Rent Repairs & renewals DBS checks Telephone & broadband Postage & stationery Insurance Bu5 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 64,911 2,332 25,845 928 90,756 3,260 80.547 2,638 930 121 48 169 319 3,615 3,931 754 34 970 1,303 1,086 1,439 1,565 300 14 386 519 432 5,054 5,496 1,054 48 1,986 5,496 429 1,356 1,822 1,518 641 1.920 1,376 14,280 14,874 17,108 5,115 95 1,822 1,051 323 91 756 15,4951 8,185 154,487 11.681 15,294 4,459 3,005 499 1,163 307 4.651 16,332 15,294 6,235 4,202 499 1,163 307 1,776 1,197 2,000 2,000 6,138 121,603 6,138 162,703 41,100 7 GOVERNANCE COSTS Independent examination 810 810 810 810 870 870
HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED NOTES TO THE ACcOUTrs FOR THE YEAR ENDED 31 MARCH 2025 8 TANGIBLE FIXED ASsErs Equlpment Vehicles Total C05t As at l April 2024 Additions Disposals As at 31 March 2025 24,096 258,979 283,075 24,096 2S8,979 283,075 Funding l Awards received As at l April 2024 Addtions As at 31 March 2025 1,199 209.785 210.984 1,199 209,785 210,984 Depreciation As at l April 2024 Depreciation on disposal Charge for the period As at 31 March 2025 19,094 28,44D 47,534 6,138 53,672 950 20,044 5,188 33,628 Net book value A5 at 31 March 2025 As at l April 2024 2.853 3,803 15.566 20,754 18.419 24,557 2025 Total 2024 Total 9 CASH AT BANK AND IN HAND Unrestriced Re5trirted Unrestriced Restrirted 22,170 96.327 106 Lloyds account Soldo card Equals Card 91,244 21,770 113,014 74,157 106 171 91,415 21,770 113,014 74,263 22,170 96,433 10 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 100 810 910 loo 810 910 Trade creditors Accrua15 11 CONTROL The company wa5 controlled throughout this period by its directors. The present directors are as listed on pa8e 3. 12 TAXATION Holsworthy Rural CommLJnity Transport Limited is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or $256 of the Taxation of Chargeable Gains arisen in the Charity. io
HOLSWORTHY RURAL COMMUNifi TRANSPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 13 RESTRICTED FUNDS B/f Income Expenditure C/f Movements in restricted funds were as follows Big lottery Redundacy provision 1,600 20,570 22,170 40,700 141,1001 1,200 20,570 21,770 141, 1001 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds Total Funds Tangible fixed assets Current assets Current liabilities Net assets 18.419 93,725 19101 111,234 18,419 115,495 19101 133,004 21,770 21,770 li
INDEPENDENT EXAMINERS REPORTTO THE COMMIThEE OF MANAGEMENT OF HOLSWORTHY RURAL COMMUNITY TRANSPORT LIMITED YEAR ENDED 31 MARCH 2025 We report on the accounts of the Company for the year ended 31 March 2025 which comprise of the Statement of Financial 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 Standards (United Kingdom Generally Accepted Accounting Practice). Respertive Responsibilities of Trustees and Examiner As explained more lully in the Trustees, Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl 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 144121 of the Charities 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 14515llbl of the 2011 Act 3. To state whether particular matters have come to our attention Basis of Independent Examiner's Statement Our examination 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 includes 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 ar.cord with the accounting records and comply with the accounting requirements 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......-.............................................................................. Date.. Mr G Pollard Gareth Pollard Accountancy Services