Company Reglstratlon Number: 05515091 Charlty Reglstratlon Number: 1112027 Weardale Community Transport Limited Accounts For the Year Ending 31 July 2024 JANE ASCROFf AccouKfANCY LIMITED Chartered Accountants Enterprise House Harmire Enterprise Park Bamard Castle County Durham DL12 8XT
Weardale Community Transport Limited Accounts Year Ended 31 July 2024 Page Trustees, Annual Report (Incorporating the Directorfs Report) IrKlependent Examinerfs Report to the Trustees Statement of Financial Activities (Including Income and Expendiiure Account) Statement of Financial Position Statement of Cash Flows Notes to the Accounts The Followlng Pages Do Not Form Part of Ihe Accounts Detailed Statement of Flnancial Activities 16
Weardale Community Transport Limited TnvJtees' Annual Report (Incorporatlng the Dlrectorfs Report) Year Ended 31 July 2024 The trustees, who are also the direclors for the purposes of cornpany law. present their report and the unaudited accounts of Ihe charity for the year ended 31 July 2024. Ob ectlves and Actlvltles The object of Weardale Community Transport is to provKle a community transport service for such of the inhabitanis of North East arKJ Cumtsia and its neigtr*Jourhood who are in need of such a service because of age. sickness or disability (mental or physical), or poverty, or because of a lack of availabilty of adequate and safe public passenger seNices. Publlc Benellt Our main activities and who we help are deSCred elsewhere in this report. All our charitable activities are undertaken to further our chariiable purposes lor the public benefrt. The Committee have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the activities of the charity. 2023-24 has been a period of consolidation. The premises at Wolsingham continue lo provide th8 organisation with the ability to clean and do some maintenance on our fleet and the staff use the facility in an efficient manner. This year we have arranged for one older vehicle to be replaced as is our policy. And a meeting is scheduled with a potential vehicle supplier to provid8 a scheduled vehicle replacement pollcy. Ms Vikki Brown, the Transport Manager is assisted ably by Elaine Frost. New drfvers have been appointed and volunteer drivers are an invalLthle asset. Durlng the year costs have increased but our prices were increased in April. The next contract is due for Trnewal in April 2025 when ivs possible NEAS will want another flxed price contract. Pricing such a contract will be extremely difficull. Financially the organisation is very sourKI. Our gratitude is again extended to the staff and to the Treasurer for their efforts. The future is uncertain and will prove challenging. yet l am confident that problems we encounter wlll be solved, using the goodwill of the siaff and the expertis8 of the Directors to whom l am grateful for giving up their time and thai WCT will prosper. Fln nclal Revl The Trustees airn to maintain sufficient Yree" reserves io meet the general running costs of Weardale Comrnunty Transport for 6 months, excluding depreciation. At 31 st July 2024 this was estimated at approxirnaiety £285,000. Actual "free. reserves at 31st July 2024 were £156.743. ructure overnance and Mana Weardale Communty Partnership is a charitable company, limited by guarantee with company number 055150912, and registered as a charity with charity number 1112027. The charity is governed by its memorandum and articles of association. Truslees are selected by the membership.
Weardale Community Transport Limited Trustees. Annual Report (Incorporatlng the Dlrectofs Report) (conllnued) Yr Ended 31 Juty 2024 818rence and Admlnlstratlve Detall Reglstered charfty name Weardale Community Transport Limited Charlty reglstratlon number 1112027 Company reglstratlon number 05515091 Prlnclpal office and reglstered The Hub offlce 85b Front Street Stanhope Bishop Auckland County Durham DL13 2UY Th8 Tru¢89 Mr J C Haynes (Treasurer) Mrs P J FOrtS (Secretary) Mrs L P Lowes Mr J Bell Dr J Smilh Mr W E Hobson (Chalr) Mr K Coleman MrLTGray (Retired 25 September 2023) (Retired 27 November 2023) Company Socretary Mrs P J Forbes Independent Examlner Jane Ascroft FCA MA (Cantab) Enterprise Hous6 Harmire Enterprise Park Barnard Castle County Dutham DL12 8Kr Small Company Provlslons This report has been prepared in accordance with the syovisions applicable to companies entitled to the small companies exemption. The trustees, annual report was aFproved on ........ .... ........ tru . and sIgnl on behalf of the board of Mr W E Hobson (Chair) Trustee
Weardale Community Transport Limited Independent Examlnerfs Report to the Trugtees of Weardale Communlty Transport Llmlled Year Ended 31 July 2024 I report lo Ihe trustees on my examination of the accounts of Weardale Community Transport Limited {Ihe charity,) for the year ended 31 July 2024. Responslbllltles and Basls of Report As the tnjstees of Ihe company (and also its directors for ihe 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 myself that Ihe 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 examinaiion of the charity's accounis as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Aci. Independent Examlner's Statement Since the charlty's gross Income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Aci. I conflrm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales {ICAEW). which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examinatlon giving me cause to believe: accounting records were not kept in rospect of the Charity as required by section 386 of the 2006 Act; or Ihe accounts do not accord with those records; or Ihe accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independeni examinaiion; or the accounts have not been prepared in accordance wilh the methods and prlnciples of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have corne across no other matters in connection with the examlnation to which attention shoukl be drawn in this report In order to enable a proper understanding of the accounls to be reached. Jane Ascroft FCA MA (Cantab) Independent Examiner Enterprise House Harmire Enierprise Park Barnard Casiie County Durham DL128
Weardale Community Transport Limited Statement of nancIal Actlvltles Uneludlng Income and expendlture accouth) Year Ended 31 July 2024 2024 Unrestricied Restricted funds funds Total funds Total funds 2023 Income and endowments Donations and legacies Charitable activities Investmeni income Other income 516 620,404 973 25.194 647,087 516 620,404 9n 25.194 647.087 2TI 515,335 398 21.118 Total Income 537,128 Expendlture Expenditure on charitable a1ville$ Total expendlture 9.10 630,456 630,456 579.417 630.456 579,417 Net Incomel(expendfture) arKI net movement In funds 16.631 16,631 (42,289) Reeonclllatlon of lunds Total funds brought forward Total funds carrled forward 495,443 512.074 4,252 4,252 499.695 541,984 516,326 499,695 The statement of financial activitTes indLKles all gains and losses recognised in the year. All income and expenditure derive from continuing acttvtlies. The notes on pages 7 to 14 forni part of these accounts.
Weardale Community Transport Limited Statement of Flnanclal Posltion 31 July 2024 2023 Flxed A88ets Tangible fixed assets 15 346,962 318,797 Current Assets Debtors Cash at bank and In hand 16 112,048 98,776 210,824 62,824 153,844 216,668 Credltors: amounts lalllng due wlthln one yoar Net Current Asset8 17 41,460 35,770 180,898 499,695 499,695 169.364 516,326 516,326 Total A888ts Le88 Current Llabllltle8 Net A88818 Funds of the Charlty Restricted funds Unrestricted funds 4,252 512,074 516,326 4,252 495,443 499,695 Totsl charlty fund8 19 For Ihe year 8ndSng 31 July 2024 the charlty was entltled to exomptlon from audlt under sectlon 477 of the Companles Act 2006 relatlng to small companles. Directors, responsibllltle8: The mernbers have not required the company to obtain an audit of its accounts for the year in questlon in accordance with section 476; The directors acknowledge their responsibilities for complying with Ihe requirements of the Act with respect to accounting records and the preparatlon of accounts. These accounts have been prepared In accordance wlth the provisions applicable to companies subjeci to the small companies, regime. These accounts were approved by the board of trustees and authorised lor Issue on and are signed on behalf of the board by: Mr J C Haynes (Treasurer) Trustee The note8 on pages 7 10 14 form part of these accounts.
Weardale Community Transport Limited Statement of Cash Flows Yr Ended 31 July 2024 2024 2023 Cash Flows from Operatlng Acllvftles Net incomel(expenditure) Adjustments for.. Depreciation of tangible fixed assets Other interest receivable and simiLqr income Accnjed expenses 16.631 (42,289) 51,487 (973) 5,289 39,548 (398) 1,457 Changes in." Trade and other debtors Trade and other creditors (49,224) 401 14.127 {2,066) 10,379 Cash generated from operations 23.611 Inierest received 973 398 Nel cash from operating activities 24.584 10,777 Cash Flows from Investlng Actlvltles Purchase of tangible assets Proceeds from Sa of tangible assets Net cash used in investing activities (91,585) 11,933 (79,652) (18,150) 4.281 (13.869) Net DeeaSe In Cash and Cash Equlvalents Cash and Cash Equlvalents at Beglnnlng ot Year Cash and Cash Equlvalents at End of Year (55,068) 153,844 98,776 {3,092) 156,936 153,844 The notss on pages 7 10 14 forni part of these accounts.
Weardale Community Transport Limited Noles to the Aeeounts Year Ended 31 July 2024 General Infomiallon The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Hub, 85b Front Street, Stanhope, Bishop Aud(land. County Durham. DL13 2UY. I Statement ol Compllance These accounts have been prepared in compliara with FRS 102. The Financial Reporting Standard applicable in the UK and the Rewblic of Ireland,. the 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) (Charities SORP (FRS 102)) and th8 Companies Act 2006. Accountlng Pollcl8• Ba818 of Pr8pAratlon The flnanclal siatements have been prepared on the historical cost basis, as modrfied by thè revaluation of certain financial assets and lialylities and investments measured at fair value through Income or expenditure. The financial statements are prepared In sterling. which is the functional currency of the entity. The entlty Is a Public Benefit Entty. Golng Concorn There are no material uncertaintles atut the charfty's abilty to continue. Judgements and Koy Sources ol E8tlmatSon Un101nty The preparation of the financial statements requires management io make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no snIfICant estimates or Judgements attecting these linancial siaiements. Fund Accounllng Unrestricted funds are available for use al Ihe discretion of the tfustees in furtherance of the purposes of the charity. Deslgnaled funds are unresiricted funds earmarked by the trustees lor specific purposes. Restricted funds are subjected to restriclions on their expendire imwsed by the donor.
Weardale Community Transport Llmlted Notes to the Accounts (eoneinued) Year Ended 31 July 2024 Accountlng Pollcles (conllnued) Income All income is included in the statement of financial activities when the charity is entitled to Ihe income, any performance related conditions attached have been met or are fully within the conirol of the charity. the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been noirfied 10 Ihe charity but the criteria for income recognition have not been mei. the legacy is treated as a contingent asset and disclosed rf material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain seNices or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Incorne from transport services and other charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific delNerables, are accounted for as the charity earns the right to consideration by its perfomiance. Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fijlly recovered, and is reported as part of the expenditure to which it relates: Cosis of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of irading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delNery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Other expendilure includes all exp8nditure that is neither related lo raising funds for the charity nor part of ts expenditure on charitable activities. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particuL4r actNity are allocated directly, Olhers are apportioned on an appropriate basis, as set out in Ihe notes to the accounts. Tanglbl8 Assets Tangible assets are initially recorded at cost, and subsequently ststed at cost less any accumukted deweciation and impairment losses.
Weardale Community Transport Limited Note8 to the Accounts (lnO) Year Ended 31 July 2024 A¢couMing Pollcles (Gont Deprectatlon Depreciaiion is calculated so as to vnite off the cost or valuation of an asset, less ts residual value, over the useful economic lrfe ol that asset as follows: Motor Vehicles Equipment 25Vo reducing balance 25% reducing balance Impalmient ol Flxed A898ts A revlew for indicaiors ot impaimient is carried out ai each reporting date, with th8 recoverable amount being estimated where such Indicaiors 8XiSt. Where the carrying value eXedS the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting date. Flnanclal Instrument8 The charity only has financial assets and liabilities of a kind that quality as basic financial instruments. 8aslc financial instruments are initially recognised at iransaction value and subsequently measured al their settlement value. Deflned Contrlbutlon Plan8 Contributtons to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepaym8nt will lead to a reduction in fulure payments or a cash refund. When contributions are nol expected to be settled wholly within 12 months of the end of the reporting date in which the employees render ihe related seNice, Ihe liability is measured on a discounted present value basis. The unwinding ol the discount is recognised as an expense In the period in which it arises. Debtors Trade and other deblors are recognised ai the settlement amount due after any trade discount offered. Prepayfflents are valued ai the amount prepaid net of any tradg discounts due. Accrued Income and tax recoverable is induded at the besi estimate of the amounts receivable ai the balance sheet date. Cash at Bank and In Hand Cash at bank and cash in hand includes cash and short tenn highly Ilquld Investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account.
Weardale Community Transport Limited Notes lo the Account8 (e Year Ended 31 July 2024 A¢countlng Pollctes (condnwd) Credltors CredFiors are recognised where Ihe chaiity has a present obligation resulting from a pasi event that will probably resuft in the transfer of funds to a third party and Ihe amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recogn¢sed at their settlement amount after aljowing for any trade discounts due. Taxatton The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definttion of a charitable company lor UK corporation tax purposes. Accordingly, the company is potentialty exempt frorn taxation in respect of income or caprtal gains received wlthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Llmlted by Guarantee The cornpany is fimited by guarantee. Al 31st July 2024 there were 6 members each of whorn had undertaken to contribute an amount rt exceeding £1 in the event of a winding up. Donallons and Legacles Unrestricted Total Funds Unrestrtcted Total Funds Funds 2024 Funds 2023 Donatlons Donations 516 516 277 277 Charltsble Actlvftles unrestr[ed Total Funds Unrestricted Total Funds FurKIs 2024 Funds 2023 Rural Transport Electric Car Scheme Cornmunity Transport Services Dial A Ride Patient Transport Services Wheels to Meals Other income 8.282 13,800 14,636 1,510 577,180 4,972 24 8282 13000 14,636 710 577,180 472 24 700 20,867 1,064 486,876 5,154 674 20.867 1.064 486.876 5,154 674 620.404 620.404 515,335 515,335 Investment Income Unrestricted Totsi Funds Unrestricted ToLqI Funds FurKIs 2024 Funds 2023 Bank interest receivable 973 9rJ 398 10-
Weardale Community Transport Limited Notes to the Accounts (conllnuedj Year Ended 31 July 2024 Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 BSOG Membership Employment allowance 19,400 794 5,000 25,194 19.400 794 5,000 25.194 15,408 710 5,000 15,408 710 5,000 21,118 21.118 Expendlturo on Charltable Actlvltles by Fund Type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Expenditure on charitable activities (see page 17) 630,456 630,456 579,417 579,417 10. Expendlture on Charltable Actlvltle8 by Actlvlty Type Activities undertaken Total lund8 direciiy 2024 Total fund 2023 Expenditure on charitable activities (see page 17) 630,456 630,456 579,417 11. Net Incomel(Expendlture) Net incomel{expenditure) is stated after charging/(crediting): 2024 2023 Depreciation of tangible fixed assets 51,487 39.548 11 Independent Examlnatlon Fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the accounts Other financial services 720 1.008 738 408 1,728 1,146 13. Staff Costs and Emoluments The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salarles Soclal security cosis Employer contributions to pension plans 358.429 25,084 5,919 389,432 315,693 22,146 5.851 343,690 11
Weardale Community Transport Limited Notes to the Accounts (¢onNn(*d) Year Ended 31 July 2024 13. Stsff Costs and Emoluments (cantlnued) The average head count of employees during ihe year was 20 (2023: 19). The average number of full-tlme equivalent employees during the year is analysed as follows: 2024 No. 2023 No. Number of staff 19 No ernployee ceiVed employee benefits of more than £60,000 during the year {2023: Nil). Key Management Personnel There are not consldered to be any key management personnel in the charity. 14. Trustee Remuneratlon and Expenses During current and previous year trustees received neither remuneration nor expenses from the charity. 15. Tanglble Flxed Assets Land and buildings Motor vehicles Equipment Totsi Cost At 1 August 2023 Additions Disposals At 31 July 2024 Depreclatlon At 1 August 2023 Charge for the year Disposals At 31 July 2024 Carrylng amount At 31 July 2024 At 31 July 2023 204.431 408.961 91,585 (53,825) 446,721 13,655 627.047 91.585 (53.825) 664,807 204,431 13,655 299,044 50,375 {41.892) 307,527 9,206 1,112 308.250 51,487 (41,892) 317,845 10,318 204,431 204,431 139,194 109,917 3,337 4,449 346,962 318,797 16. Debtors 2024 2023 Trade debtors Prepaymenls and accrued income 88,252 23,796 112,048 40,280 22,544 62,824 12-
Weardale Communlty Transport Limited Notes to the AcUnts Year Ended 31 Juty 2024 17. Credltors: amounts lalllng due wlthln one year 2024 2023 Trade credFtors Accruals and deferred income Social security and other taxes Pension crediior Other creditors 5,231 22,695 27,984 6.317 1,429 71 71 41,460 35,770 18. Penslons and Other Post Retlremenl Beneflts Doflned contrfbutlon plans The amourn recognised in incorne or expenditure as an expense in r6latSon to dellned contribution plans was £5.919 (2023: £5,851). 19. Analy818 of Charftablo Fund8 Unre8trlctod lund8 At 1 Augusl 2023 At Transfers 31 July 2024 Income Expenditure General funds Capital funds Wheels to Meals 171,133 318,797 5,513 642,115 {576,853) (51,487) (2.116) (630,456) (79,652) 79,652 156,743 346,962 8,369 512.074 4,972 495,443 647,087 At 1 August 2022 At Transfers 31 July 2023 Income Expendilure General funds Capital funds Wheels to Meals 190,872 344,476 2,384 531.974 (537,844) (39,548) (2,025) {579,417) {13,869) 13.869 171,133 318.797 5,513 495,443 5.154 537,732 537,128 Restrlcted lunds At 1 August 2023 At Transfers 31 July 2024 Income Expenditure Donations 4.252 4,252 At 1 Augusl 2022 At Transfers 31 July 2023 Income Expenditure Donations 4,252 4,252 13-
Weardale Community Transport Limited Notes to the Accounts (eortlni*dJ Year Ended 31 Juty 2024 19. Analysls of Charltable Funds (¢ttn The restricted donation was given for the resurfacing of the car pth. 2 Analysls of Net Assets Beiween Funds Unrestricted Restrthd Total Funds Funds Funds 2024 Tangible fixed assets Currenl Assets Creditors less ihan 1 year Net assets 346,962 206,572 (41,460) 512,074 346.962 210,824 (41 N60) 516,326 4,252 4,252 Unrestricted FurKIs Restricted Total Funds Funds 2023 Tangible fixed assets Current Assets Creditors less than 1 year Net assets 318.797 212,416 (35,770) 495,443 318,797 216,668 {35,770) 499,695 4,252 4.252 21. Analysls of Changes In Net Dd)t At At 1 Aug 2023 Cash flows 31 Jul 2024 Cash at bank and in hand 153,844 (55,068) -14-
Weardale Communty Transport Limited Iknagemrt Inforniatlon Year Ended 31 Juty 2024 Th8 Followlng Pages Do Not Forni Part ol the Accounts. -15-
Weardale Community Transport Limited Delalled Statement ol Flnanclal Actlvltles Year Ended 31 Juty 2024 2024 2023 Incorne and endowments Donallons and legacles Donations 516 2T7 Charltable aetlvltles Rural Transport Electric Car Scheme Communty Transport Services Dial A Ride Patient Transport Services Wheels to Meals Other income 8.282 13,800 14,636 1A10 577.180 4,972 24 700 20,867 1.064 486,876 5,154 674 515,335 Investmènt Income Bank interesl receivable 973 398 Other Income BSOG Membership Employment allowance 19.400 15,408 710 5,000 21,118 5,000 25,194 Totsl Income 647,087 537.128 16-
Weardale Community Transport Limited Detslled Statement of Flnanclal Actlvltles {contlnued) Year Ended 31 July 2024 2024 2023 Expandlture Wages Employerfs NIC Pension costs Rent Light & heat Repairs & maintenance Insurance Vehicle running costs Legal & professional fees Telephone, postage, IT and stationery Depreciation ProfiV(loss) on disposal of vehicles Wheels to Meals project Volunteer expenses Staff training and welfare Other costs 358,429 25,084 5.919 9,310 8,886 2.245 28,281 115,573 4,711 4.413 51.487 7.933 2,116 700 2,768 2,601 630,456 315,693 22,146 5,851 9,205 7,511 1,929 28,930 124,363 7,789 5,750 39,548 (2,719) 2,025 915 6,750 3,731 579,417 Tolal expendlture Net Incomel(expendlture) 16,631 (42,289) 17-