Accessible Transport West Somerset
(A Charltable Company Llmlted by Guarantee)
Annual Report and Unaudlted Financial Statements
For the Year Ended 31 March 2025
Charlty Roglstered In England and Wales Number: 1111116
Company reglstratlon numbor: 05398337

Accessible Transport West Somerset
Contents
For the Year Ended 31 March 2025
Reference and Administrative Details
Trustees, Report
Independent Examiner's Report to the Trustees
Statement of Financial Activities
Balance Sheet
statement of Cash Flows
Notes to Flnancial Statements
10-19
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Accessible Transport West Somerset
Reference and Administrative Details
For the Year Ended 31 March 2025
Charity Name
Accessible Transport West Somerset
other Names
ATWEST
Trustees
Mr R Bryant
Mr D R Croxton
Mr M Dewdney
Major R C McDonald (Chair)
Mrs B Middleton
Ms J Parbrook
Company Secretary & General Manager
Mr S Stanford
Company Registration Number
05398337
Charity Number
1111116
Prlnclpal Address and Reglstered Offlce Acorn Park
Brunel Way
Minehead
Somerset
TA24 5BY
Independent Examlner
Mlch8118 Ferrls Bsc (Hons) FCA DChA
Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA12PX
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Page 1

Accesslble Transport West Somerset
Trustees, Report
For the Year Ended 31 March 2025
The Trustees, present their report and accounts for the year ended 31 March 2025. The financial statements
have been prepared In accordance with the accounting policies set out in note 1 to Ihe financial ststements,
comply with the Charity's governing document. applicable law and the requirement of the Statement of
Recommended Practice, "Accounting and Reporting by Charities" (SORP FRS 102) (implemented 1 January
2019).
Trustees
The Truslees seriing during the period and since the period end are as follows:
Mr D Bates
Mr R Bryant
Mr D R Croxton
Mr M Dewdney
Major R C McDonald
Mrs B Middleton
Ms J Parbrook
{Resigned 30 October 2024)
(Appointed 3 September 2024)
STRUCTURE, GOVENANCE AND MANAGEMENT
Nature of governlng document
Accessible Transport West Somerset ("Atwest") is a company limited by guarantee which was incorporated
on 18 March 2005. The company was incorporated as a company limited by guarantee and has no share
capital. The guarantee to the company is £1 per member on winding up of the company. Its governing
document is Ihe memorandum and articles of association dated 18 March 2005. It is registered as a charity
with the Charity Commission.
Rocruitment and appolntrnent of trustees
Anyone may become a member subject to approval by the Trustees who are also directors for the purpose of
company law.
OBJECTIVES AND ACTIVITIES
The objective of the company is for the relief of those in need by reason of youth, age, 111 health, dlsability,
financial hardshlp, rural Isolation or other disadvantage, in particular, but nol exclusively, by providing
transport for all community groups and individuals whose needs are not met by convenlional Iransport.
Publlc beneflt
The company provides community transport. The requirement for community transport has been highlighted
by central government, which has provided funding to local authorities to identify areas of need within local
communities and provide funding as appropriate. This means that the residents of West Somerset and the
surrounding area who are unable to use more conventional methods of transport and meet the criteria of the
company's objectives benefit substantially by enabling them to access transportation in a manner and at a
cost which would otherwlse be unavailable to them.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charlty Commlssion for England and Wales.
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Page 2

Accessible Transport West Somerset
Trustees, Report
For the Year Ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
The main activity is providing community transport for the residents of West Somerset particularly elderly and
disabled persons unable to access of use other fonns of public transport.
We now operate 17 minibuses for Somerset Council on school services. bus services and Slinky dial a ride
service and run our own shopper buses, group travel and travel club trips.
We ensure 100 % reliability is always achieved by constantly monitoring our systems at the same time quality
controlling.
Passenger numbers are constantly increasing through continual advertising of our business.
We are always looking to improve performance of our buslness and to expand where possible.
GENERAL MANAGER REPORT
Another successful year providing community transport in West Somerset in a safe and reliable form. Our 20
year anniversary took place in May with a gathering at th& premlses.
We continue to improve the business and looking for ways to increase our success, reduce our costs and be
innovative too. Solar panels installation was completed on July 4th and proving viable already. l am currently
looking at staff costs to see If we can trim here and there to make savings.
Early 2026 is planned to replace the oldest minibus in the fleet and replace with a newer more basic model.
l am delighted to head a team who work together to make Atwest the success story we all admira.
Slmon Stanford
General Managér
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Page 3

Accesslble Transport West Somer5et
Trustees, Report
For the Year Ended 31 March 2025
CHAIRMANS REPORT
l am pleased to report that the company has had another successful year. The fleet and the business have
continued to improve, which is shown in our financial report. We have continued to improve the working
environment and recently secured the fitting of solar panels to improve our environment and cost of running
the business. We have extended our lease for 15 years, but will continue to 8ventually purchase the land,
further securing our future as a business in our community.
We can achieve these aims, to secure th6 future employment of our very local employees, Ihrough a good
working relationship with employee and management. In the future we hope to recruit two more trustees with
business experience.
Robert McDonald
Chainnan
FINANCIAL REVIEW
The total Income of the charity for the year was £510,614 (2024., £458,272). The charlty's prlnclpal fundlng
sources are transport service contracts with the Local Authority, as well as granls and donations.
The charity's total expenditure was £499,163 (2024: £453,579),. all expenditure Is In Ilne wlth the key
objectives of the charity.
Thls leaves a surplus of £11,451 to be added to reserves (2024: £4,693), leaving reserves at the end of the
year of £550,520 {2024: £539,069), of which £nil is restricted (2024: £nil).
Pollcy on reserves
It is the objective to maintain free reserves of five to six month's gross expenditure (estimaled £195,000) in
order that unexpected revenue requirements, renewals and minor improvements may be mel, Free reserves
at the year end amounted to £462,520, of which £264,000 has been designated.
The designated funds held of £264,000 are for the provision of the following:
Funding Reserdes (in event of redundancy payments or unexpected wage costs)
Land Purchase Fund (for the proposed purchase of the Acorn Park slte)
Vehicle Replacement Fund (towards the cost of new vehicles particularly electric powered)
8uilding Maintenance Fund (to maintain the external and internal fabric of the building).
Investment pollcy and objectlves
The trustees have the power to invest any monies not required for the immediale provision of a charitable
activity, in any investment authorised by law for the investment of Trust Funds.
PLANS FOR FUTURE PERIODS
To ty and purchase the land we currently lease from Somerset Council lo improve our future security as a
business.
Continue to provide quality and reliable services for our customers whilst maintaining exisling and increasing
passenger numbers.
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Accessible Transport West Somerset
Trustees, Report
For the Year Ended 31 March 2025
Statement of Trustees, Responsibilities
The trustees (who are also directors of Accessible Transport West Somerset for the purposes of company
law) are responsible for preparing the Trustees, Report (incorporating the directors. report) and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland
{United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for 8ach financial year which give a true
and fair view of the state of affairs of th8 charitable company and of the income and expenditure, of the
charitable company for that period. In preparing these financial statem8nts. the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent,,
state whether applicable UK Accounting Standards have been followed, subject to any materlal d&partures
disclosed and explained in the financial statements, and
prepare the financial statements on the going conc8rn basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for malntalning proper accounting records which disclose with reasonable
accuracy at any time the financi81 position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
The trustees are responsible for the mainlenance and integrity of the corporat8 and financial informatlon
included on the charitable company's website. Legislation in the United Klngdom governing the preparation
and dissemination of financial statements may differ from legislation in other jurisdictions.
of
Truste
Major R C MCDO
Chairman
Date:
be>t 2b"
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Accesslble Transport West Somerset
Independent Examinerfs Report to the Trustees
For the Year Ended 31 March 2025
Independent examlners report to the Trustees of Accesslble Transport West Somerset
I report to the trustees on my examination of the accounts of Accessible Transport West Somerset (kne
Company.) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ("the 2006 Act").
Having satisfied rnyself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the
2011 Act.
Independent examlnerfs ststement
Since the Company's gross income exceeded £250,000 your examiner musl be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confimi that no material matters have come to my attention In
connection with the examinatlon givlng me cause to believe that In any material rèspect:
1. accounting records were not kept in respect of the Company as requlred by section 386 of the 2006
Act., or
2. the accounts do not comply with these records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Acl other
than any requirement that the accounts give a "true and fair view. which is not a matter considered as
part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no concems and have come across no other matters in connection with the exarnination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Michelle Ferris Bsc (Hons) FCA DChA
for and on behalf of
Albert Goodman LLP
Chartered Accountants
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA12PX
Date: .12/081.36 25........
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Page 6

Accessible Transport West Somerset
Statement of Financial Activities (including the Income and Expenditure Account)
For the Year Ended 31 March 2025
Unres-
trlcted
Re8-
tricted
Unres-
trlcted
Res-
tricted
Total
2025
Total
2024
Note
Incom8:
Donations and legacies
Charitable activities
Investments
Other
5,017
500,956 446,013
9,508
7,171
150
71
5.017
446,013
7,171
71
500,956
9,508
150
Total Income
510,614
510,614 458,272
458,272
Expenditure on:
Charitable activities
499,163
499,163 453,579
453,579
Total expendlture
499,163
499,163 453,579
453.579
Net IncorMI(expendlture)
for the year before transfers
11,451
11,451
4,693
4,693
Transfers between funds 11
Not movornont In funds
11,451
11,451
4,693
4,693
Reconclllatlon of funds
Total funds brought fotward
11 539,069
539,069 534,376
534,376
Total funds carrled forward
550,520
550,520
539,069
539,069
The statement of financial actlvities has been prepared on the basis that all operations are continuing
operations. There were no gains or losses arising in the period that are not shown above.
The statement of financial activities incorporates the income and expenditure account.
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Accessible Transport West Somerset- Company Reglstratlon Number.. 05398337
Balance Sheet
As at 31 March 2025
2025
2024
Note
Flxed assets
Tangible fixed assets
88,000
107,853
Current assets
Debtors
Cash at bank and in hand
81,915
419,562
63,778
398,645
501,477
462,423
Llabllltles
Creditors falling due wlthin one year
10
(38,957)
(31,207)
Net current assets
462,520
431,216
Total not assets
550,520
539,069
The funds of the charlly.
Restrlcted funds
11
Unr8Strlcted funds
General
Designated
Total unrestricted funds
11
286,520
264,000
275,069
264,000
550,520
539,069
Total charlty lunds
550,520
539,069
These accounts have been prepared and dellvered In accordance wtth the speclal provlsions relating to small
companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102).
For th8 year in question, the charitable company was entitled to exemption from audit under section 477 of
the Companies Act 2006.
The members have not required the charitable company to obtain an audit of its accounts for the year In
question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of the accounts.
Approved by the Board for issue .
and signed on the
MrR
ryant
Trustee
Major R C McDonalO'
Chairman
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Accessible Transport West Somerset
Statement of Cash Flows
For the Year Ended 31 March 2025
2025
2024
Notes
Cash flows from ope ratlng actlvltSes
Net movements in funds for the year
justments to cash flows from non-cash items:
Depreciation and amortisation
{Gain)Iloss on disposal of fixed assets
11,451
4,693
35,853
37,684
(4,300>
47,304
38,077
Working capital adjustments:
(Increase)Idecrease in debtors
Increasel(decrease) in creditors
{18,137)
7,750
(4,868)
11
10
Net cash flow from operalions
Cash flows from Inv8Stlng actlvltles
Purchase of fixed assets
Proceeds from the sale of fixed assets
36,917
33,220
(33,495)
17,495
(59,490)
6,000
Net cash flow from investing activiti88
(16,000)
(53,490)
Net (decrease)lincrease in cash and cash equivalents
20,917
(20,270)
Cash and cash equivalents at the beginning of
the reporting period
398,645
418,915
Cash and cash equivalents at the end of the
reporting period
419,562
398,645
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Accessible Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
Accountlng pollcles
The principle accounting policies adopted in the preparation of the financial slataments are".
General infonnation and basis of accountlng
Accessible Transport West Somerset is a company limited by guarantee, incorporated in the United
Kingdom under the Companies Act 2006. The maximum liability of each member is £1. The address
of the registered office 15 given on page 1. The nature of the charity's operations and its principal
activities are set out in the Trustees report on pages 2-5.
The financial statements have been prepared in £ sterling on the historical cost basis and in
accordance with Accounting and Reporting by Charities: Statement of Recornmended Practice
applicable to charities preparing their accounts In accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP
FRS 102) and the Cornpanies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
Initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy note(s).
Income
All income is recognised once the charity has entitlement to the Income, It Is probable that the income
will be received and the amount of income re￿1vable can be measured rellably.
Donations and legacies are recognised when the charity has been notified in writing of both the
amount and settlement date. In the event that a donation is subject to conditions that require a lev81 of
performance by the charity before the charity is entitled to the funds, the income is deferred and not
recognised until either those are fully met, or the fulfilment of those conditions is wholly within the
control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants, including government grants, are recognised when the charity has an entitlemenl to the funds
and any conditions linked to the grants have been met. Where performance conditions are attached
to the grant and are yet to be met, the income is recognised as a liability and included on the balance
sheet as deferred income to be released.
Charitable activities incorne Is recognlsed when the service has been delivered.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure. It Is probable that a transfer of economic benefits will be
required in settlement and the amount can be measured reliably. Expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all cost related to the category.
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Accessible Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
Tangible fixed assets and depreclatlon
Tangible fixed assets are stated at C05t less depreciation. Depreciation is provided at rates calculated
to write off the cost or valuation less estimated residual value of each asset Over its expected useful
lif8 as follows:
Leasehold Land & Buildings
Furniture and equipment
Motor vehicles
Office Equipment
14yr straight line (over life of lease)
25 % reducing balance
25 % reducing balance
250/0 reducing balance
Individual fixed assets costing £200 or mor8 are initially recorded at cost, less any subsequent
accumulated depreciation and subsequent accumulated impalrment losses.
1.5 Debtors
Trade debtors and accrued Income are recognised at the settlement amount due after any trade
discount offered and any impairment necessary. Prepayments are valued at the amount prepaid net of
any trade discounts due.
1.6 Cash at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.7 Creditors
Creditors are recognised where the charity has a present obligatlon resultlng from a past event that
will probably result in the transfer of funds to a third party and the amount due to settle the obligation
can be measured or estimated reliably. Creditors ar8 normally recognised at their settlement amount
after allowing for any trade discounts due.
Penslon contributlons
The charity operates a defined contribution pension scheme. The scheme and its assets are held by
independent managers. Contributions are recognised in the Statement of Financial Activities in the
period in which they become payable in accordance wlth the rules of the scheme.
Fund accountlng
Funds held by the charitable company are one of the following types:_
Unrestricted general funds
these funds can be used in accordance with the charitable
objects at the discretion of the Trustees.
Designat8d funds
these funds are set aside out of unrestricted general funds for specific
future purposes at the discretion of the trustees.
Restricted funds these funds can only be used for the particular restricted purposes within
the objects of the charity. Restrictions arise when funds raised are for a specific purpose.
Further explanations of the nature and purpose of each fund are included in the notes to the financial
statements.
1.10 Taxation
As a registered charity, the company is exempt from corporation tax and capital gains tax to the
extent that income and gains are applied to charitable purposes, but not Value Added Tax.
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Accesslble Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
1.11 Financial instruments
The charity only holds basic financial instruments as defined in FRS 102. The fsnancial assets and
liabilities of the charity and their measurements are as follows:
Financial assets - trade and other debtors are basic financial instruments and are debt instruments
measured at amortised cost, Prepayments are not financial instruments.
Cash at bank- is a basic financial instrument and Is measured at face value.
Financial liabilities trade creditors, accruals and other creditors are financial Instruments, and are
measured at amortised cost. Taxation and social security are not included in the financial instruments
disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement
has already taken place and there is an obligation to deliver services rather than cash or another
financial liability.
Net (expendlture>llncome before transfers
2025
2024
Net expenditure for the period is stated after charging
Depreciation
{Profit)ILoss on disposal of fixed assets
Accountants, fees
Independent examination fees
Other services
35,853
37,684
(4,300>
930
1,570
890
2,630
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Accessible Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
Income from donatlons and legacies
Unres-
trlcted
Res-
trlcted
2025
Total
Unres-
trided
Res-
trlcted
2024
Total
Donatlons and legacies
Somerset Community Foundation
West Somerset Lottery
Norman Family Trust
2,500
17
2,500
17
2,500
5,017
5,017
Income from charltabl• actlvities
Unres-
trlcted
Res-
trlcted
2025
Total
Unres-
trlcted
Res.
trlcted
2024
Total
Incomg from charltable actlvitles
Transport Income
Charges for Vehicle - SCC
School Bus Driver Contract
Slinky Contract
Travel Club trips
Exmoor School Routes
Shopper Bus
Bus Service Operators Grant
150,126
5,367
134,910
122,313
974
80,392
5,801
1,073
150,126 149,925
5,367
7,478
134,910
95,713
122,313 112,955
974
752
80,392
71,875
5,801
4,248
1,073
3,067
149,925
7,478
95,713
112,955
752
71,875
4,248
3,067
500,956
500,956 446,013
446,013
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Accesslble Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
Expenditure on charitable activities
Unres-
tricted
Res-
tricted
2025
Total
Unres-
tricted
Res-
tricted
2024
Total
Dlrect costs
Driver wages
Driver admin costs
tor expenses
Sub contracted drivers
(Profity Loss on disposal of assets
215,107
3,425
66,006
58,915
215,107 173,998
3,425
5,383
66,006
65,154
58,915
51,378
(4,300)
173,998
5,383
65,154
51,378
(4,300)
Total direct costs
343,453
343,453 291,613
291.613
Support costs
mlnlstratlve costs
Wages
Travel and subslstence
Subscriptions
Public liability & trustees insurance
vertising
Office expenses
Sundry expenses
93,184
352
10,228
4,178
125
7,853
2,054
93,184
352
10,228
4,178
125
7,853
2,054
97,851
261
8,961
2,162
787
8,713
2,731
97,851
261
8,961
2,162
787
8,713
2,731
117,974
117,974 121,466
121,466
Land, bulldlng and property costs
Rent
Rates
hsurance
Establishment costs
Equipment hire & repairs
5,880
643
1,225
18,848
3,390
5,880
643
1,225
18,848
3,390
5,880
5,880
600
927
22,242
3,773
927
22,242
3,773
29,986
29,986
33,422
33,422
Legal costs
Legal & professional fees
Website costs
Accountancy and bookkeeping
3,000
57
4,693
3,000
57
4,693
1,958
1,958
5,120
5,120
7,750
7,750
7,078
7,078
Total support costs
155,710
155,710 161,966
161,966
Totsl costs
499.163
499,163 453,579
453,579
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Accessible Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
Trustee Expenses
No trustees have received any remuneration, reimbursed expenses or any oth8r benefits from the
charity during the year {2024: none).
Please see note 13 for related party transactions,
Employee costs
2025
2024
Wages and salaries
Social security costs
Pension costs
290,582
14,349
3,360
263.846
10,015
2,988
308,291
276,849
The average monthly head count was 24 staff (2024: 19 staff).
No employee received remuneration of more than £60,000 In the p8riod (2024: none).
The charity operates a d8fined benefit Pension scheme. The pension cost charge for the year represents
contributions payable by the charity to the scheme and amounted to £3,305 <2024: £2,988).
Contributions of £757 were payable to the scheme at the end of the year {2024'. £579).
The key management personnel of the charity Is considered to be the general manager. The total costs to
the charity of employee benefits for the key management personnel were £36,517 (2024.. £34,509).
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Accessible Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
Tangible fixed assets
Leasehold Furnlture
Land and
and
Motor
Office
bulldlngs equipment Vehlcles equipment
Total
Cost
At 1 April 2024
Additions
Disposals
137,427
5,767
256,991
33,495
(17,495)
4,358 404.543
33,495
(17,495)
At 31 Trkrch 2025
137,427
5,767
272,991
4,358 420,543
Depreclatlon
At 1 April 2024
Charg8 for the year
Eliminated on disposal
127,374
10,053
5,617
40
160,411
25,490
3,288
270
296,690
35,853
At 3111orch 2025
137,427
5,657
185,901
3,558
332,543
Net book value
At 31 Pkrch 2025
110
87,090
800
88,000
At 31 Ptsrch 2024
10,053
150
96,580
1,070
107,853
Debtors
2025
2024
Trade debtors
Prepayments
Other debtors
65,053
8,827
8,035
46,183
7,646
9.949
81,915
63,778
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Page 16

Accessible Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
10
Creditors: Amounts falllng due wlthln one year
2025
2024
Trade creditors
Other creditors
Accruals
11,655
20,795
6,507
7,067
16,798
7,342
38,957
31,207
11
Summary of movement In funds
Openlng
Balance
14)r 2024
Closing
Balance
Expendlture Transfers 31 Mar 2025
Income
Unrestrictéd funds
General fund
275,069
510,614
(499,163)
286,520
Deslgnated funds
Deslgnated funding reserve
Land purchase fund
Building rnalntenance fund
Vehicle replacement fund
15,000
125,000
14,000
110,000
15,000
125,000
14.000
110,000
Total unrestrlcted funds
539,069
510,614
(499,163)
550,520
Total fund8
539,069
510,614
{499,163)
550,520
Produced by Albert Goodman LLP
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Accessible Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
11
Summary of movement In fund5- prlor year
Openlng
Balance
1 Ipr 2023
Closing
Balance
Transfers 31 Mar 2024
Income Expenditure
Unrestricted funds
General fund
270,376
458.272
(453,579>
275,069
Deslgnated funds
Designated funding reser￿8
Land purchase fund
Building maintenance fund
Vehicle replacement fund
15,000
125,000
14,000
110,000
15,000
125,000
14,000
110,000
Total unrostrlcted funds
534.376
458,272
(453,579)
539,069
Total funds
534,376
458,272
(453,579)
539,069
Thes
ecific
ur
oses for which the funds are to be a
lied are as follow
General funds represent'free, reserves after allowing for all designated funds.
Designated Funding Reserves compris8 a provision for committed expenditure and future expenditure such
as redundancy liability, Land Purchase Fund and a Bullding Maintenance Fund.
Vehicle replacement fund was a designated fund towards the cost of future vehicles.
Produced by Albert Goodman LLP
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Accessible Transport West Somerset
Notes to the Financial Statements
For the Year Ended 31 March 2025
12
Analysis of assets between funds
2025
Total
funds
Unrestrlcted
funds
Designated
funds
Restricted
funds
Tangible assets
Current assets
Current liabilities
88,000
237,477
(38,957)
88,000
501,477
(38,957)
264,000
286,520
264,000
550,520
Prlor y8ar
2024
Total
funds
Unrestrictad
funds
Deslgnated
funds
Restrlcted
funds
Tangible assets
Current assets
Current liabllities
107,853
198,423
(31,207)
107,853
462,423
(31,207)
264,000
275,069
264,000
539,069
13 Related Party Transactlons
During the year the company made the following related party transactlon:
During the year Mrs J Bates, wife of a trustee, provided the charity with bookkeeping services and received
remuneration of £320 (2024 - £1,980).
14 Company Ilmltod by guarantee
The company was incorporated as a company limited by guarantee and has no share capital. The guarantee
to the company is £1 per member on winding up of the company. At 31 March 2025, the company had 6
members and the total amount guaranteed was therefore £6.
15
Post balance sheet event
After the year end, on 30 April 2025, the charity signed a lease agreement for a continued lease of land. The
lease is for 15 years, with an annual rent of £6,500.
Produced by Albert Goodman LLP
Page 19