Boston Community Transport
Boston
Accounts for the Year 1st April 2022 to 31st March 2023
Prepared by Fastax Accountants
78 Thomas Middlecott Drive Boston Lincs PE20 1HU
Accountants, Tax Advisors, Bookkeepers & Payroll Processors
Boston Community Transport Accounts For The Year 1st April 2022 to 31st March 2023
Company Information & Contents
Trustees:
Mrs. June Barton Mr George Bernard Mr. John Blackwell Mr. Mick Green Mrs. Lyn Harrison
Bankers:
Unity Trust Bank Plc Nine Brindley Place 4 Oozells Square Birmingham B1 2HB
Charity & Company Number
05140621 England and Wales 1110099 Registered Charity Number
Registered Office & Business Address
The Len Medlock Voluntary Centre St Georges Road Boston Lincs PE21 8YB
Accountants
Fastax Accountants
78 Thomas Middlecott Drive Boston Lincs PE20 1HU
Contents
Page 1, 2 & 3 Trustee's Report Page 4 Accountants' Report Page 5 Statement of Financial Activities Page 6 Balance Sheet Pages 7 Notes
Boston Community Transport Accounts For The Year 1st April 2022 to 31st March 2023
Report of the Trustees for the Year Ended 31 March 2023
The Directors who are also Trustees of the charity for the purposes of the Companies Act, present their report and accounts for the period ended 31 March 2023.
The trustees have adopted the provision of the Statement of Recommended Practice (SORP 2005) "Accounting & Reporting by Charities" issued in March 2005 in preparing the report and accounts.
Objects of the Charity
The charity is constituted as a limited company, limited by guarantee and is therefore governed by a memorandum & articles of association.
The charity's principal objects are:
"To provide a community transport service for such inhabitants of Boston and it’s surrounding area who are in need of such service because of age, sickness, disability, poverty or because of a lack of availability of adequate and safe public passenger services.
Structure, Governance and Management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 28th May 2004 and registered as a charity on 20th June 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and Appointment of the Board of Trustees
The Directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
Organisational Structure
Boston Community Transport has a Board of Trustees which is responsible for the strategic direction and policy of the charity.
Day to day responsibility for the provision of the services rests with the Office Manager who is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Office Manager has responsibility for the day to day operational management of the organisation, individual supervision of the staff and volunteer team whilst also ensuring the team continues to develop their skills and working practices in line with good practice.
Risk Management
The trustees have a risk management strategy which comprises:
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an annual review of the risks the charity may face,
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the establishment and implementation of systems and procedures to mitigate those risks.
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Boston Community Transport
Accounts For The Year 1st April 2022 to 31st March 2023
Report of the Trustees for the Year Ended 31 March 2023 Continued.
Activities
The charity provides tailor-made, affordable accessible transport for the community through a Community Car Scheme.
Reserves Policy
The charity has reviewed its policy on the level of reserves to be held and consider that the charity should aim to hold a figure totalling a minimum of six months running costs. This figure for the period is £17400.
Investment Policy and Returns
Under memorandum and articles of association, the charity has the power to make any investment which the trustees see fit. As the company does not have excessive funds, the trustees have had no need to consider investments other than to ensure that interest is received on the current account where possible.
Board of Trustees (Directors)
All Directors of the company are also trustees of the charity and there are no other trustees. All of the trustees named on page 1 served as set out on page 1.
Trustees' Responsibilities in Relation to the Financial Statements
The trustees are required by company law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements, the trustees are required to,
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select suitable accounting policies and then apply them consistently,
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make judgments and estimates that are reasonable and prudent,
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state whether the policies adopted are in accordance with Companies Act 2006 and with applicable accounting standards and statements of recommended practice. Subject to any material departures disclosed and explained in the financial statements:
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose 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 Act 2006. They 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.
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Boston Community Transport Accounts For The Year 1st April 2022 to 31st March 2023
Accountants
A resolution proposing Fastax continue to be appointed as accountants of the charity will be put to the Annual General Meeting.
Approval
This report was approved by the board of Trustees on the -----------------------and signed on its behalf.
CHAIR OF TRUSTEES
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Boston Community Transport Accounts For The Year 1st April 2022 to 31st March 2023
ACCOUNTANTS’ REPORT TO THE TRUSTEES
Independent examiner’s Report to the Trustees of Boston Community Transport Limited
We report on the accounts of the Trust for the year ended 31st March 2023, which are set out on pages 5 to 7.
Respective responsibilities of trustees and examiner
The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is our responsibility to:
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examine the accounts (under section 43 of the Act)
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act)
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to state whether particular matters have come to my attention.
Basis of the independent examiner’s report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of our examination, no matter has come to our attention:
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(1) which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 41 of the 1993 Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Fastax Accountants
78 Thomas Middlecott Drive Boston Lincs PE20 1HU
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Boston Community Transport 05140621
Trading Profit and Loss Account Accounts For The Year 1st April 2022 to 31st March 2023
| March | March | |
|---|---|---|
| 2023 | 2022 | |
| Operating Income | ||
| Fares | 37,545 | 25,013 |
| Grants | 38,395 | 29,998 |
| HMRC COVID Grants | - | - |
| Donations | 711 | 630 |
| Memberships | 1,743 | 1,732 |
| 78,394 | 57,373 |
| Less: Operating Expenses Wages 23,730 Pension 831 Rent 3,645 Volunteers Expense 76% 28,554 Stationery & Postage 485 Travel - Accountancy 380 Insurance - Telephone 1,295 Refreshments 355 Bank Charges 209 Repairs - Computer Expenses 80 Advertising, Marketing & Fundraisin 761 Loss On sale of Fixed Assets - Depreciation 104 Subscriptions 107 Fuel Rise Vouchers BBL/LMC Gran 12,077 DBS Applications - Net Surplus / (Deficit) |
20,915 733 2,685 77% 19,303 845 - 455 - 1,292 148 190 149 144 3,834 - 138 137 - - 72,613 5,781 |
50,968 6,405 |
|---|---|---|
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Boston Community Transport 05140621
Balance Sheet
Accounts For The Year 1st April 2022 to 31st March 2023
| Fixed Assets B/Fwd Depreciation Value at To 01/04/2022 Additions Date Disposals Equipment 20% RB - - - - Computer Equipment 25% SL 1,637 - 1222 1,637 - 1,222 - Current Assets Cash Account 353 Prepayments - Net Wages - PAYE 67 Unity Bank Account 62,782 Business Money Manager 20,694 Suspense - 3 83,896 Current Liabilities: amounts falling due within one year Accruals 335 PAYE - True Potential 334 Credit Card 207 Creditors - 876 Net Current Assets / (Liabilities) 83,020 Total Assets add Current Assets 83,331 Represented By; Funds Retained Earnings 77,550 Profit and Loss Account 5,781 Surplus Funds 83,331 2023 |
Current Year NBV at Dep'n 31/03/2023 - - 104 311 104 311 287 - 102 56,328 20,766 - 77,483 200 14 100 34 - 348 77,135 77,550 71,145 6,405 77,550 2022 |
|---|---|
For the year ending 31st March 2023 the company was entitled to exemption from audit under section 477of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved and signed by the directors on
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Directors and Trustees
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Boston Community Transport Notes to the Accounts for the Year 1st April 2022 to 31st March 2023
Turnover
Turnover comprises the invoiced value of goods and services provided by the company. All of which is derived from the United Kingdom.
Operating (Loss) Profit
| The operating (loss) profit is stated after charging: Depreciation - owned assets |
104 2023 |
138 2022 |
|---|---|---|
Assets
All fixed assets are initially recorded at cost.
Basis of Preparation of Accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002).
The accounts have been prepared in compliance with the Statement of Recommended Practice and Reporting by Charities (SORP 2005) issued in March 2005, The Charities (Accounts and Reports) Regulations 2008 applicable accounting standards and the Companies Act 2006.
Incoming Resources
Income and grants are included in incoming resources when they are receivable.
Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be reclaimed.
Fundraising Costs
Fundraising expenditure comprises costs incurred in inducing people and organization's to contribute financially to the charity's work. This includes the costs of marketing fundraising events.
Expenditure on Management and Administration of the Charity
Administration expenditure includes all expenditure not directly related to the charitable activity or fundraising ventures. This includes costs of running office premises, staff salaries and accounts fees.
Depreciation
Depreciation is calculated to write off the cost or valuation of all assets over their expected normal useful lives.
The rate and method of depreciation are;
| Category of Asset Rate Method Equipment 20% Reducing Balance Depreciating Assets Fixed Assets B/Fwd Depreciation Current Value at To Year 01/04/2022 Additions Date Disposals Dep'n Equipment - - - - - Computer Equipment 1,637 - 1,222 - 104 - - - - - Carried Forward Capital Allowances not claimed |
NBV at 31/03/2023 - 311 - - |
|---|---|
Funds of the Charity
At the present time there are no restricted funds within the charity.
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