Charity registration number 1113854 Company registration number 057439521England and Wales) SHIRE COMMUNITY SERVICES LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 SHIRE COMMUNITY SERVICES LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr G M Lawman Mr H Tailor Ms E F Turvey Mr B Skittrall Mr D Perry Mrs H Saunders Mrs V Wilkinson Charity number 1113854 Company nurnb8r 05743952 Registered offlce 1-3 Ori8nt Way Wellingborough Northanls NN8 1AF Independent oxarnlnor Jervis & Partners 30 Harborough Road Klngsthorpe Northampton NN2 7AZ SHIRE COMMUNITY SERVICES LIMITED CONTENTS Page Twslee5' report Stslernent of truslees, responsibilities Independent examinerfs report Statement of financial activities Balance sheel Notes to Ihe financial statements 7-16 SHIRE COMMUNITY SERVICES LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial s18temenls have been prepared in accordance wilh the accounting policies set out in note 1 to the financial statemants and cornply with the charity's tgoverning document], the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charltles preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" {effedive 1 January 2019). Objectlves and activities To promote any charitable purpose for the benefit of the community in the Wellingborough area, and in particular the advancement of education. the furtherance of health and relief of poverty. distress and sickn8SS. In furtherance of the above objects. but not further or otherwise. to use every means at ils disposal to further the work of existing Voluntary and Slalutory bodies in the communily wilhoul detraclin9 in any way from their own purpose or autonomy. To procu￿ and provide infomation. To circulate any written malerial. graluilously or olherwise, appropriate to its work. To promote, encourage or undertake experimental work. Publlc benefit The transport Sgrvic8s provide a direct benefil to individuals wilhin ihe community. enabling those who would olheTrvise be isolaled and unable to access publlc transport to attend medlcal appointments and undertake soclal acllvilies. Achievernents and performance The ye8r (0 31 March 2024 saw passenger numbers continue to increase on all seNices bul remain below pre- Covid levels. The majority of our service users fall into Ihg most clinically vulnerable category. some of whom are still nervous of resuming acllvllies outside their homes. The appointment of Jon Ekins as General Manager in March 2023 has been a resoundlng success. He has taken us from the difficult financial situalion we had been in for a few years to a stable position. He negotiated a contract wilh Rushden Town Council and Higham Ferrers Town Council to provide a dedicated bus seNice for those towns, which has contributed a large part to this success. Trustees are hopeful thal contracts with other town and parish councils will emerge in the Gcrning months and years. Once agaln, we thank our dedicated staff and volunteers for their loyal service during this past year. Financial revlew There was a deficit for the year of £3,990. (2023: deficit £8.168) Unrestricted ftjnds amounted to £28.945 (2023.. £32,935) Restricted funds amounted lo £15.000 (2023 - £nil) Structure, governance and management Tlie Llidrily is controlled by its governing document. a deed of Irusl, and constitutes a limited company. limited by guaranteè, as defined by the Companies Act 2006. SHIRE COMMUNITY SERVICES LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors for Ihe purpose of company law. and who served during the year and up to the date of signature of the financial statements were- Mr G M Lawman Mr H TTailor Ms E F Turvey Mr B Skittrall Mr D Perry Mrs H Saunders Mrs V Wilkinson Recrultment and appolntment of new trusteos The charity is enlitted to have a maximum of 10 truslees who are elected from individuals or organSsational members at the Annual General Meetlng. A maxlmum of one third of the trustees retlre by rotation according to thelr length of time in office. and all may stand again for election al Ihe Annual General Meeting. Income from grants and donations Donations and gifts amounted to £9,956 this year (20224 £4,386). A totsl of £149,831 (2022-3 £68,434) was received in grants. These were from: 2024 2023 North Northamptonshire Council - Comrnunity Iransport grant North Northafflptonshire Council - Service level 8greemenl NHS- grant agreement Rushden & Hlgham Ferrers Town Counclls bus seNlce agreemenl 80,000 Finedon Council- bus service proposal 1.000 BSOG Wellibus 23,550 23.248 25,000 25,000 11.747 11,747 7,634 8,439 The trustees, report was approved by the Board of Trustees. Mrs H Saunder5 Chalr of Trustees 29 October 2024 SHIRE COMMUNITY SERVICES LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also the directors of Shlre Communlty Servlces Limited for the purpose of company law. are responsible for preparing the Trustees, Report and Ihe financial slatemenls in accordan￿ with applicable law and United Kingdorn Accounting Standards (United Kingdom G8nerally Accepted Accounting Practice). Company Law réqulres the trustees to prepare financial slalements for each financial year which give a true and fair view of the stale of affairs of the Gharity and of the incoming resources and application of resources, induding Ihe income and expenditure. of the charitable company for that year. In preparing these financial statemenis, the Irustees are required to: - sel8Ct suitable accounting poficies and then apply them c£Jnsistently- - observe the metho¢Js and principles in the Charities SORP., make judgements and estirnates that are reasonable and prudent; slate whether applicable UK Accounting Slandards have been followed. subject to any material departures disclosed and explained in the finan¢wl statements- and prepare the flnanclal statements on the going cor￿eM basis unless it is inappropriate to presume that the charlty will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable a¢curacy al any lime the financlal posltlon of the chartty and enable them to ensure Ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢harily and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. SHIRE COMMUNITY SERVICES LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHIRE COMMUNITY SERVICES UMITED I report to the trustees on my examlnation of the financial statements of Shire Cornmunity Services Limited (the charity) for the year ended 31 March 2024. Responslbilities and basis of report As the trustees of the Gharity (and also its direclors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of lh8 Companies Act 2006 {the 2006 Act). Having satisfied rnyseif that the financial slalemenls of the charity are not required to be audited under Part 16 of the 2006 Ad and are eligible for independent examination, I report in respect of my examination of the charity's financial slatements carried out under section 145 of the Charitias Act 2011 Ilhe 2011 Act). In carrying out my examlnation I have followed all the appllcable Dlrectlons given by the Charity Commission under seclion 145(5}(bl of the 2011 Act. Independent examlner's statement Since the charity's gross income exceeded £250,000 your examin8r must be a member of a body listed in section 145 of the 2011 Act. I conlirm that l am qualified to undertake Ihe examination because l am a mernber of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attenllon In connection wlth the examination giving me cause to believe that in any material re5peGt-. a¢¢ounting reGords were not kept in respecl of the Chariiy as required by sedion 386 of the 2006 Act-, or the financlal statements do not acccyd with those records; or the financial statements do not compty with the accounting requirements of section 396 of the 2006 Act olher than any requirernent Ihal the accounts give a true and fair view which is not a matter considered as part of an indep8ndgnt examination., or the finan¢ial statements have r)ot been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounllng and reportlng by charities applicable to charities preparing their accounts in accordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order to enab19 a prop8r understanding of the financial Statements to be reachgd. Jervls & Partners 30 Harborough Road Kingslhorpe Northampton NN2 7AZ Dated: 29 October 2024 SHIRE COMMUNITY SERVICES LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted fund5 2024 RestrÉcted funds 2024 Totsl UnrestrScted funds 2023 2024 Notes Income from: Donations and legacies Charitable aclivilies Other trading activities Investrnents 158.887 207.805 396 245 15,000 173,887 207,805 396 245 72,820 177,376 16,717 Total income 367,333 15,000 382,333 266,957 Expenditure on: Raising funds Other expenditure 371,323 371,323 274,625 500 12 Total expendlture 371,323 371,323 275,125 Net Incomel(expenditure) and movemont In funds (3,990) 15,OCMJ 11,010 (8,168> Reconelllatl¢n of funds: Fund balances at 1 April 2023 32,935 32.935 41,103 Fund balances at 31 March 2024 28,945 15,000 43.945 32,935 The statement of financial activities includes all gair)s and losses recognised in the year. All income and expenditure derive from continuing activities. SHIRE COMMUNITY SERVICES LIMITED BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 14 295 1,017 Current assets Debtors Cash at bank and in hand 15 15.120 45,433 13,454 33,546 60,553 47,000 Creditors: amounts falling due within one year 16 (16.903) (15,082) Net current assets 43.650 31,918 Total assets less Current liabilitles 43.945 32,935 The funds of the Gharlty Reslricled inmme funds Unrestrlcled funds 17 18 15.000 28,945 32,935 43.945 32,935 The company is entitled to th8 exemption from th8 audit requirement contained in section 477 of the Companl&s A 2006, for thè year ended 31 March 2024. The directors acknowledge their responsibilitiés for complying with the requirements of the Companies Acl 2006 wlth respect to accounting records and the preparation of f￿ancIal statements. The members have not required the company to obtain an audil of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared In a¢¢ordance with the provlslons appllcable to companies subject to the stnall cornpanies regime. The financial statements were approved by the trustees on 29 October 2024 Mrs H Saunders Chalr of Trustge5 Company ￿gIstra110n number 05743952 (England and Wales) SHIRE COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounllng policies Charity infonnation Shire Community Services Limited is a private company limlted by guarantee incorporated in England and Wales. The registered officè is 1-3 Orient Way, Wellingborough. Northanls. NN8 1 AF. 1.1 Accounting convention The financial statements have been Prepared in accordan￿ with the charity's Igoverning documentl, thè Companles Act 2006, FRS 102 "The Flnancial Reporting Standard applicable in the UK and Republic of Ireland- I'FRS 102.1 and the Charities SORP 'Accounling and Reporting by Charities: Slalement of Recommended practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" {effeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has laken advantag8 of Ihe prov15ions In the SORP for charitles nol to prepare a Ststement of Cash Flows. The financial statements are prepared in sterling, which is the funclional currency of th8 charity. Monelary amounts in these financial slalements are rounded to the nearest £. The financial slatements have been prepared under Ihe historical cost convention, Imodified lo in¢lude the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Golng Concern At Ihe time of approving Ihe financial statements, Ihe trustees have a reasonable expectation that the charity has adequate resources to continue in operatlonal existence for the foreseeable future. Thus the Irustees continue to adopl the going concern basis of accounling in preparing the financial slalements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trus18es in furtherance of thelr charitable objective5. Restricted funds are subject to spectfic conditions by donors or grantors as to how Ihey may be used. The purposes and uses of the re$trlcted funds are set out in the notes to the financlal statements. Restricted funds of £15.000 has been received and will be utlllsed In Ihe next accountlng year and has been carried forward. Endowment funds are subjecl to spacific ¢ondilions by donors that Ihe capital must be maintained by Ihe charity. 1.4 Ineome Income is recognised when the charily is legally enliued to il after any performance condilions have been mel, the amounts can be measured reliably, and it is probable Ihat income will be received. Cash donations are recognised on receipt. Other donations are reco9nised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at Ihe time of the donation. Legacies are rocognised on receipl or otherwise if the charity has been notified of an impending distribution. the arnounl is known, and receipl is expected. If the amount is not known, the legacy is Ireated as a contingent asset. SHIRE COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGcounting policies (Contlnued) Expenditure is re¢ognised once there is a legal or constructive Obligati￿ to transfer economic benefit lo a third party, it is probable that a transfer of economic benefit5 will be required In settiem8nt, and lh8 amount of the obligation can be measured rekn'ably. Expenditure is classified by activity. The costs of each activily are made up of the total of direcl costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocaled directly to that activily. Shared costs which contribute lo more than one activity and support costs which ar8 not attrtbulable lo a single activity are apportioned between those acliviti8s on a basis consistent with the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent, and depreciation ¢harge5 are allocated on the porbon of the asset's use. 1.5 Tangible fixed assets Tangible fixed assets are InStially measured at cost and subsequently measured at cost or valuatlon. net of deprecialion and any impairment losses. Depreclalion is recogni5ed so as to wrlte off the cost or valuation of assets less thelr residual values over Ihelr useful lives on the following bases: Computers 33.3% on cost The galn or loss arising on the disposal of an asset is delermined as Ihe difference betsveen the sale proceeds and the carrylng value of the asset. and Is recognised In the statement of financial actSvities. 1.6 Impalrment of fixed assets Al each r&porting end dale. the charity reviews the carrying arnounls of its tangible assets to determine whether there 15 any indication that Ihose assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the assel Is estimated in order to determSne the extent of the Smpairment loss {rf any). 1.7 Cash and cash gqulvalents Cash and cash equlvalenls include cash in hand, deposits held at call with banks, other short-lerm Ilquid investmenls with original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown withln borrowings in current liabilities. 1.8 Flnancial Instruments The charity has elected to apply Ihe provisions of Section 11 'Basic Financial Instruments, and Sectlon 12 'Other Financial Instruments Issues. of FRS 102 lo all of its financial instruments. Financial instruments are recognised in the ¢harily's balance sheet when the charity becomes party to the contractual provisions of Ihe instrumenl. Financial assets and liabilities are offset, with Ihe net amounts presented in the financial statements, when Ihere is a legally enforceable right to sel off the recognised amounts and there is an intention to sellle on a net basis or lo realise the asset and settle the liability simultaneously. Bas1¢ flnancial assets Basic financial assets. vthlch include debtors and cash and bank balances. are inttially measured at transaclion price including tr8nsaclion costs and ao subsequenlly carried at amortised cosl using the effective interest method unless the arrangement constitutes a financing transaclion, where the transaction is measured al the present value of the future receipls discounted at a market rale of interest. Financial assets lassified as re￿1vable within one year are not amortised. SHIRE COMMUNITY SERVICES LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Continued) Basic financial liabilitles Basic financial liabilities. including creditors and bank loans are initially reGognised at transaction price unless the arrangement conslitutes a financing transaction. where the debl inslrum8nt is measured al the present value of the future payments discounted at a market rate of interesl. Financial liabilitiès classffied as payable within one year are not amorlised. Debt Instruments are subsequently ￿rrted at amortised cost, using Ihe effecllve Inter&st rale melhod. Trade creditors are obligations to pay for goods or services Ihat have been acquired in the ordlnary course of operations from suppliers. Amounts payable are classified as current Ilabilities if payment Is due within one year or less. If not, they are presented as non Unrestricted funds 2023 Restricted funds 2023 Tolal 2023 At 31 March 2023: Tangible assets Current assetsllliabilitles) 1.017 31.918 1,017 31,918 32,935 32,935 20 Related party transactions There were no disclosable related party transactlons during the year (2023 - none>. 16-