Company registratlon no: 05767006 Charity no: 1114100 Preston Community Transport Limited (A registered charity and company limited by guarantee) Report and Financial Statements For The Year Ended 31 March 2022 mha MOORE & SMALLEY
PRESTON COMMUNITY TRANSPORT LIMITED CONTENTS Pag8 Board of Tru$tees' Report Independent examiner's report Statement of financial activities Balance sheet Notes lo the a¢¢ounls
PRESTON COMMUNITY TRANSPORT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Constitution Preston Community Transport Limited is a company limi(ed by guarantee registered in England and Wales Inumber 57870061 and a registered charity Inumber 11141001 and is governed by ils Memorandum and Articles of Association approved on 14 February 2006. Directors and trustges The diTeetors of the charitable company are also ils trustees for the purposes of charty law, and throughout are collectively referred to as "the board of trustee5" All the trustees sland down each year and are eligible for re- election at the Annual General Meeting. None of the Iruslees received any remuneration for their services. The trustees during the year were.. Mr. PTJ Bell Mr. J Taylor Cllr. D Borrow Cllr. Mrs. P Brown Mr. N Collison Mr. A Fairey Cllr. Mrs. KJ Walton IChair} (Treasurer) Company Secrgtary Mr. A G Fairey General Manager Mr. D Meggison Registered offite Preston Mobility Centre, 28 Friargale, Preston, PR12AU Examlner Nicola Mason FCA DChA, MHA Moore and Smalley, Richard House, Winckley Square, Preston, PR13HP Bankers CAF Bank Solicitors Napthens, 7 Winckley Square. Preston, Lancashire PR13JD VAT registration number 483270638
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES, REPORT FOR 2021122 The trustees of Preston Community Transport Limited, who are also the directors for the purposes of the Companies Act, present their annual report and the financial statements for the year ended 31 March 2022, which are also prepared lo meet the requirements for a directors, report and accounts for Companies Act purposes. The financial slalements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland leffects've October 20191. Objects of the company From the Memorandum of Association "The object of the company is lo provide community transport services for such of the inhabilanls of Preston and tslher areas of Lancashire who are in need of such service because of age, sickness or disability Imenlal o¥ physicall or poverty, or because of a lack of availability of adeqijale and safe public passenger services." structure, governance and management As required by the Memorandum and Articles of Association, overall responsibility for the company's activities is vested in the directors serving as the Company's board of trustees. Trustees have individual experience and expertise as service users as well as specialist professional skills. Trustee induction training is provided by the chair, general manager and company secretary. Trustees are encouraged lo participate in training and events relevant to the company's activities. During the year the members acted as the directOTS and also the trustees of the company. The board of trustees shall comprise not less than three persons. Trustees are elected individually al the Annual General Meeting by individual members of the company or persons nominated by Organisalions which are members. Trustees hold office until the next Annual General Meeting when they a eligible for re-election. The board of trustees may ct>opt not more than two other persons, whether or not members of the company, to serve as full voting members of the board. The main board of trustees meets bi-monthly and a subcommittee dealing wf(h strategy and planning, finance, fundraising, personnel. health and safety meets in the meantime and reports to the main board. In practice the board employs staff and deploys volunteers lo provide a Tange of setvices. Overall responsibility for policy implementation, service delivery and development and day to day operations is delegated lo the general managor, subcommittee chairmen and operations staff based al the Mobility Centre. The Company's vehicles are garaged at The Store Room, Marsh Lane, Preston. Summary of aims and achiovements Preston Community Transport IPreston CT> is a Small, community led, local charity providing affordable transport and related services primarily for people with reslricled mobility with the aim of alleviating social, economic, rural and cultural isolation and supporting the transport needs of other local voluntsry organisations. Preston CT was estsblished in August 1988 and has operated continuously since then. Initially as an Industrial and Provident Society, then converting lo a company limited by guarantee and a registered charity on 31 March 2006. Preston CT'S minibuses are currently operated under Section 19 of the Transport Act 1985 with services being provided to members of the Dial A Ride schemes or persons who fall within the slatulory definitions. Preston CT continues to hold a National Standard PSV Operators lor O'l licence, although not Currently running any PSV ServIS in order to have flexibility for future service provision. Community Transport services are provided by Preston Community Transport one of fi've members of Lancashire Community Transport - with funding from Lancashire County Council. We continue to provide Shopmobilily in Preston City Centre which no longer benefits from funding, we aim to continue to do so unless Costs significantly outweigh income.
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES. REPORT FOR 2021122ICONTINUED} Preston CT largely relies on contract funding ffom Lancashire County Council and financial support from South Ribble Borough Council to meet expenditure, supplemented by income generated from fares and user contributions. Trustees and the manager maintain close contact with our principal funders and believe that there is as good intention lo maintain core funding as can be expected, bul this is subject lo their own budgetary constraints. The previous contract with Lancashire County Council has been extended albeit al a lower value, and the Trustees are grateful lo South Ribble Borough Council for their support in reducing the impact of this shortfall in income. The trustees are concerned over this dependence on local government funding and actively pursue additional sources of funding. Overrfiew 2021122 has continued to provide fresh challenges as we hopefully emerged from the shadow of the pandemic. Demand for our services gradually improved throughout the year and we were able to ensure that sufficient vehiclesldrivers were available lo match that demand. Yet again we must thank our drivers and staff, both paid and volunteers for their dedication to supporting our services. Just as confidence was slowly beginning to return and we were considering investing in replacinglupdaling OUT ageing fleet, we were faced with a shortage of available vehicles which has resulted in another year where funds have had to have been added lo reserves rather than updating the fleel. The continuing support of Lancashire CC and South Ribble CC have enabled us lo continue lo provide services which would otherwise have proved non-viable particularly as customer revenues have only gradually recovered during the year. This partnership between the councils and ¢harilies such as ourselves has become even more valuable as the world emerges from the impact of the virus at the same time that the need to tackle loneliness is increasingly being recognised as is the need for more responsive transport seNices. Preston Community Transport remains committed lo providing services to face these challenges. Review of Services Through the profile of our customers- the elderly and infirm- unfortunately we need lo ensure a regular influx of new customers lo maintain the provision of viable services. The infoads of the pandemic have added pressure to this situation. Dlal-a-Ridg ~ provides a regular service lo allow otherwise isolated individuals the opportunity to access local shops and much needed social contact. Recognising ils value lo our passengers this was resumed as soon as possible bul demand has only gradually recovered through speaking to lapsed passengers, two key factors have emerged the reluctance of familieslindividuals lo move from isolation and the increased availability of home deliveries. We are confident that demand will gradually return to pre-covid levels particularly as passengers recognise the social value of regulaT contact wrth fellow shoppers. Group Transport- recently, there has been a considerable upsurge in demand as organisalions are returning lo normality and they in turn are responding lo increased demand trom their members. Lancashire Rangor- since the return of these trips, organised by LCT demand is gradually reluming lo normal, reflecting our perception that the value our customers put on social contscl is gradually out weighing the concerns over Covid. Community Cars - some of the unsung heroes of the pandemic have been the volunteers who have continued to use their own cars to allow otherwise isolated individuals lo attend doctors'ldentists, appointments. visit relatives in care homes etc.
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES, REPORT FOR 20211221CONTINUED} Shopmobility- return of this service was delayed due to its obvious dependence upon the re-opening of shops in Preston, we are continuing to provide this Servi although demand has been slow lo recover. ResouOS Stafflvolunteers- needless to say. none of our services could have been operated without the continuing support of all our stafflvolunleers. One of our major challenges is to ensure that we continue to recruit new team members lo maintain services. Vehicles- as reported in last year's Trustees, Report and referred lo above, there is an increasing need lo replace some of our ageing fleet, and we have suffered some incfeased mainlen8nce eosts, however, purchase of replacements has been effectively halted by non-availability of suitable new or even second-hand vehicles. Al the moment we have sufficient operational vehicles lo match service requirements. Premi$g$- we are fortunate in occupying a prime position on the edge of the main shopping area wth a number of dedicated parking spaces such that customers can easily arrive by car or one of our buses and pick up a mobility scooter to visit town centre shops. During the year there was some suggestion that the centre would be moved to Bus Station- inconvenient for the shops- following discussion with the relevant authorities, these plans have been abandoned. Key managemont personnel and remuneratlon The charity applies salaries lo management personnel commensurate with duties and that are consislenl wrth local benchmarking. Salaries are reviewed annually by the Board of Trustees. The Charity considers its key management personnel to be the General Manager and Community Cars Co-ordinator. Following the appointment of David Meggison as Manager, staff roles have been reviewed. However, the planned appointment of an Administration Assistant lo ease the Current burden and to help implement a more integrated adminislralion system has necessarily been pul on hold during the pandemic, bul will take place in 2021. Post year-end events The most significant event has been the recruitment of an Administrative Assistant who is taking responsibility for a number of adminlfinancial tasks freeing up the Manager's lime to foeus more on Business Development, absorbing tasks previously performed by a volunteer and allowing an efficiency review of existing tasks. Acknowledgements As highlighted above we could not continue to support the community without the financial support of our local councils or the physical support of staff and volunteers. Forward Plans Although the future continues lo be unclear in terms of demand, availability of vehicles and longer-lerm fi'nancial support, the one thing we can be sure of is that there will continue to be a need for our services. Re¢ent fo¢us on social prescribing. loneliness and the need for improved transport ServIS clearly identify a role for PTeslon Community Transport. However, it is apparent that work needs to be carried out on two fronts - to investigate future demand and implement appropriate setvices and to rationalise OUT internal systems The need lo replace our current vehicle ffeel continues and as time passes, the need to consider a move towards electric vehicle becomes higher on the agenda, although the premium to follow this route is high without some external support.
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES, REPORT FOR 2021122 ICONTINUEDI Reserves Policy As in previous years the policy of maintaining a level of unrestricted, accessible, and uncommitted reserves continues. To provide '. The maintenance of at least 3 month's operating costs lo allow restructuring of the business in the event of a loss of funding. Funding for the replacement of vehicles - although for reasons identified elsewhere in this pOrt, this may prove more expensive than anticipated. Risk Management The board discharges its responsibility for risk management by identifying key risks and approving, and reviewing operational and organisational policies including Corporate, business and financial risk Health and safely policy and practi Protection of vulnerable people Personnel policies Monitoring customer care policie$ Vehicle and driving management policies These issues are amongst the topics reviewed by the Operational Committee a sub-group of trustees and the Manager. Investment Poli¢y The Board do not directly invest in anything other than Bank Accounts and feel that this is appropriate for this ¢ompany. Public benefit Preston CT'S aims are described on page 1 al °Objects of the company.. Preston CT'S operations aim to benefit the community by relieving social, economic, cultural, ond rural isolation for members of the public with restricted mobility. As such our operations touch on the Charities Act description of charitable purposes °wmmunity development. "human rights" and °equality and diversity and fils description J 'relief of those in need by reason of youth, age, ill health, disability, fi'nancial hardship, or other disadvantage. Membership of our schemes is fully open to members of the public and Dial A Ride services are required to be provided to eligible members of the public under the Transport Act. Any user charges are kept as low as possible and are reviewed regularly for affordability. Within our objects, access lo our services is unrestricted within our geographic area of operation within the limits of our operational capacity or unless safety would be jeopardised le.g. underage use of powered mobilty equipment). We aim lo minimise delTiment through our environmental policy. vehicle specifications, supply chain and by always seeking lo optimise vehicle occupancy.
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES, REPORT FOR 2021122 (CONTINUED} Financlal revlew Through a combination of continued council funding from Lancashire and South Ribble, gradually increasing 'directly eaTned revenues,, a Section 106 receipt and careful financial controls, an apparently healthy surplus has been generated and lolal funds held al 31 March 2022 were £474,707 12021 £447,847), which is all held as unrestricted funds, although £380,040 is held for vehicle replaMent. (As noted above, these funds are the minimum required to replace our existing ageing fleet. Even based on the historic cost of the fleet and a 7 year life, we need lo put at least £35,000 into reserves each year). Excluding tangible fixed assets, totsl funds are £449,451 12021 £409,848). After depreciation the charity generated a surplus of £27,06012020 £20,248). Small company provlslons These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. 1911212022 This Teport was approved by the board of Iruslees and authorised for issue on on its behalf by.. and signed Mr P T J Bell - Trustee MrJ Taylor- Trnst
PRESTON COMMUNITY TRANSPORT LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 7 10 17. Responsibllkies and basis of report As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2008 I'the 2006 A¢l'l. Having satisfi'ed myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515}{bl of the 2011 Act. Independent examlnevs statement I have completed my examination. I confim that no mallers have come lo my attention in connects'on with the examination giving me cause lo believe that in any material respe¢l'. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view, which is not a matteT considered as part of an independent examination., OT 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 IFRS 1021. I have no concems and have come across no other matters in connedion with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Nicola Mason FCA DChA MHA Moore and Smalley Chartered Accountants Preston Date: 2011212022
PRESTON COMMUNITY TRANSPORT LIMITED STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2022 Unrestrieted fund5 Rèstricted funds Total fund5 2022 Total funds 2021 Note Income from: Donations.. other donations 7,919 7,919 5,873 Charltable actlvltles 199,841 199,841 164,135 Investments 124 Other income CJRS grant Covld support and 21,467 Total Income 207,767 207,767 191,599 Expgndilure on: Charitable activities 180.707 180.707 171,311 Total expenditure 180,707 180,707 171,311 Net incomel(exponditure} 27.060 27,060 20,248 Transfers between funds Net movement in funds 27,060 27,060 20,248 Reconciliation of funds: Total funds brought ft)rward 447,647 447,647 427,399 Total funds carried forward 474.707 474.707 447,647 All the above results are derived from activities which are continuing. All gains an¢J losses in the period are included above.
PRESTON COMMUNITY TRANSPORT LIMITED BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Note Flxed assets Tangible assets 10 25.256 37,799 Current assets Debtors Cash al bank and in hand 11 24,020 456,940 12,409 419,474 480,960 431,883 Creditors: amounts falling due within one year 12 131.5091 122,0351 Net current assgts 449,451 409,848 Net assets 474,707 447,647 Reserves 13 Unrestricted genefal funds Unrestricted designated funds Restricted funds 60,667 414,040 33,607 414,040 474.707 447,647 For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No members have Tequired the company to obtain an audit of ils financial statements for the year ended 31 March 2022 in accordance wf(h section 476 of the Companie5 Act 2006. The Iru51ees acknowledge their responsibilities for ensuring that the Charity keeps accounting records which comply with section 386 of the Act and for prepaTing financial slalements which give a true and fair view of the state of affairs of the company as al the end of the financial year and of ils incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the company. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the trustees on 19112122 and were signed on their behalf by". Mr P T J Bell- Trustee Mr J Taylor- Trust Company Number: 05767006
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policios The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Basls of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charfties.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102}, the Charities Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. Preston Community Transport Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otheiSe stated in the relevant accounting policy nolelsl. The financial statements are presented in sterling which is the funcb'onal current of the company and rounded lo the nearest £. Going coneÈrn The trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertainties related lo events or conditions that may cast significant doubt on the abilf(y of the charity to continue as a going concern. The Iruslees make thi5 assessment in respect of a period of al least one year from the dale of aulhorisation for issue of the financial statements. The Iruslees have considered the impact of the Government response lo Covid-19 on the activity of the charity in terms of both Increased costs of compliance with the guidelines and also the potential of reduced income. The trustees have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity'5 ability lo continue as a going concern, thus they continue lo adopt the going concern basis of accounting in preparing the financial statements. Company status The charity is a company limited by guarantee. The Iruslees are drawn from the members of the company and volunteer members. In the event of the charity being wound up, the liability in respect of the guarantee is limited lo £1 per Iruslee of the charity. Fund aecountlng General funds are unieslricled funds, which are available for use at the discretion of the Iruslees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestrrted funds that have been sel aside by the trustees for parti¢ulaT Purposes. The aim and use of each designated fund is set out in the notes to the financial slalements. Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng policies {contlnuedl Income Income is recognised when the charity has entitlement lo the funds, any performance 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. Gifts in kind donated for distribution are included at valuation and reco9nised as income when they are distributed lo the projects. Donated facilities are included al the value lo the charity where this can be quantified and a third party is bearing the cosL No amounts are included in the financial statements for services donated by volunteers. Expenditure Expenditure is recognised once there is a legal or constructive obligation lo make a payment lo a third party, il is probable that selllement wll be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been included under expense calegoTies that aggregate all costs for allocation to activities. All costs of running the vehicles are charged lo direct charitable expenditure. Support costs are those resources expended in relation lo the running of the tharity and that are not directly atlribulable to the charitable activities that are undertaken. Governance costs include those costs incurred in the governance of the charity's assets and are associated with conslitulional and statutory requirements. Any expenditure for a future period is prepaid in the accounts until that period. Resources expended do not include VAT that can be reclaimed. Investments and Investment Income The company has no direct investments other than cash at bank. InleTesl is earned on surplus cash balances. Tangible fixed assets and depreclatlon All fixed assets are initially recorded at cost. Depreciation is provided on all tangible fixed assets al rates calculated lo write off the cost over their expected useful economic lives as follows.. Scooters and wheelchairs Motor vehicles Computer equipment Other equipment over 7 years 33Q/o Teducing balance over 3 years over 10 years Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors Creditors are recognised where the charity has a present obli9alion resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due lo settle the obligation can be measured or estimated reliably. Creditors are normally recognised al their settlement amount after allowing for any trade discounts due. -10-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTEDI FOR THE YEAR ENDED 31 MARCH 2022 Accountlng policies {continuedl Financial instruments The cha¥ity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Operating leases Rentals applicable lo operating leases are charged lo the SOFA on a straight line basis over the term of the lease. Taxation The company is a registered eharily and is not liab lo taxation on its charitable aclivilies. Pgnsion contributions The company's employees are entitled to join the NEST pension scheme. The accounts of the scheme are held separately from those of the charity. Contributs'ons payable are charged in the Statement of Financial Aclivilies. Judgements and key sources of estlmatlon uncertalnty In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assvmplions are based on histOTical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the Tevision affects both current and future periods. The Iruslees do not believe that there are any estimates and assumptions which have a significant risk of Causing a material adjustment to the carrying amount of assets and liabili(ies.
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTEDI FOR THE YEAR ENDED 31 MARCH 2022 Income from charitable actlvltles Uniestricted funds Restricted funds 2022 Total 2021 Total LCT contract income Bus Service Operators Grant Group transport income Dial A Ride faS Shopmobility hire ¢harges Lancashire Ranger South Ribble Council grant Driver training income Section 106 income Miscellaneous income Big Lollery Fund Grant 110.891 5.124 10.830 23,571 8.570 8,7S3 15.000 5.505 10.000 1,597 110,891 5,124 10,830 23,571 8,570 8,753 15,000 5,505 10,000 1,597 116,836 5,167 16,915 3,904 590 13,2131 23,936 199,841 199,841 164,135 Specific Dial A Ride and Community Cars income from Lancashire County Council ended in March 2015. Preston CT joined with other CT operators lo build an informal consortium (Lancashire Community Transport) and mount a joint bid for the new LCC contract. This LCT contract income therefore replaced the previous income streams. The total income of £164,135 in the previous year comprised all unrestricted income. Expenditurg on charitable activitles Unrestricted funds Restrlcted funds 2022 Total 2021 Total Transport and related sorvices Vehicle running expenses WIC and SIC purchases and spares Depreciation Volunteer expenses Staff expenses Staff salaries and wages Storage costs Support costs Inole 41 Governance costs (note 51 26.912 1.994 10,882 276 26,912 1,994 10,882 276 15.780 846 15,604 659 73,517 7,479 57,603 2,040 73,517 7,479 57,603 2,040 73,117 7,193 56,287 1,825 180.707 180,707 171,311 The above expenditure relates lo the one charitable aclivily.. the provision of community transport services. The total expenditure of £171,311 in the previous year was all unrestricted expenditure. -12-
PRESTON COMMUNITY TRANSPORT LIIIIITED NOTES TO THE ACCOUNTS ICONTINUTED) FOR THE YEAR ENDED 31 MARCH 2022 Support costs Unrestricted funds Restrict¢d funds 2022 Total 2021 Total staff salaries and wages Rates Insurance Light and heal other office costs Depreciation Bank charges Bad debts 32,207 573 1,179 3,893 17,667 1,659 425 32,207 573 1,179 3,893 17,667 1,659 425 34,701 416 1,394 2,251 14,255 1,632 218 1.420 57.603 57.603 56,287 Support costs include administration, management and slrategic development time. Governance costs 2022 2021 Slatulory accounts and independent examination Other accountancy services 1,400 640 1,250 575 2.040 1,825 Net Incomellexpendlturel for the year 2022 2021 This is stated after charging.. Depreciation of tangible fixed assets- owned by the charity Independent examination fees Other accountancy servi$ 12,542 1,250 575 17,236 1,250 575 -13-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS (CONTINUTED) FOR THE YEAR ENDED 31 MARCH 2022 Staff costs 2022 2021 Wages and salarie$ Social secuTity Pension costs 99,641 3,866 2.217 102,344 3,372 2.102 105,724 107,818 No employees were paid al the rate of over £60.000 per annum in the current or previous year. The key management personnel of the charity comprise the Iruslees, the General Manager, and the Operations crdInatOr. The total employee benefits of the key management personnel of the charity, including National Insurance and pension contributions, were £60,95212021.' £58,407). The trustees and connected persons were not paid or received any other benefits from employment with the charity in the year12021'. £nill neither were they reimbursed expenses during the year12021'. £nill. No charity Iruslee received payment for Professional or other services supplied to the charity12021.' £nill. Staff numbers The average monthly head count was 7 staff {2021'. 7 staffj and the average monthly number of full-time equivalent employees during the year was as follows.. 2022 2021 Management Service delivery Related party transactions The charity is controlled by the Board of Trustees. One of the Trustees of Preston Community Transport is also a Trustee of INTACT. During the year sales invoices totalling £nil12021." £nill were raised to INTACT. Included wf(hin trade debtor$ al the year-end was £nil12020.' £nill recoverable from INTACT. There were no other transactions with related partie$ in the current or previous year. -14-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTEDI FOR THE YEAR ENDED 31 MARCH 2022 10 Tangible fixed assets Scooters & Minibuses ComputeT Other wheelchairs and Equipment Equipment Vghicles Total Cost Al 1 April 2021 Additions Disposals 25,815 249,277 5,370 20,098 300,560 11.9091 11,9091 At 31 March 2022 23.906 249.277 5,370 20,098 298,651 Depreciation As at l April 2021 Charge for the year On disposals 19.952 1.658 11,9091 221,324 9,225 4,158 753 17,328 906 262,762 12,542 11,9091 At 31 March 2022 19,701 230.459 4.911 18.234 273,395 Net book value At 31 March 2022 4,205 18.728 459 1,864 25,256 At 31 March 2021 5,863 27,954 1,212 2,770 37,799 11 DebtOf$ 2022 2021 VAT recoverable Trade debtors Prepayments Accrued income Other debtors 2,098 10,504 9,130 2,288 1.304 1,609 7,208 2,288 24,020 12,409 12 Credltors: Amounts falllng due wlthln one year 2022 2021 Trade ereditOTS Accruals and deferred income Other creditors 8,165 21,957 1.387 215 20,570 1,250 31,509 22,035 -15-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTEDI FOR THE YEAR ENDED 31 MARCH 2022 13 Movement In funds Balance 1 April 2021 Income Expendltur Transfers Balance 31 March 2022 Unrestricted general Funds 33.607 207,767 1180,7071 60,667 Unrgstricted designated funds: Vehicle and equipment fund Wind up reserve Transport fund 353,040 51,000 10,000 353,040 51,000 10,000 447,647 207,767 1180,707} 474,707 Balanco 1 April 2020 Income Expenditur Transfers Balance 31 March 2021 Unrestrlcted gengral funds 13,359 191,559 {171,3111 33,607 Unrestrlcted designated funds: Vehicle and equipment fund Wind up reserve Transport fund 353,040 51,000 10,000 353,040 51,000 10,000 427,399 191,559 1171.3111 447,647 Designated lunds The vehicle and equipment fund allows for replacements, upgrades or modificab'ons. The Iruslees have decided to transfer additional amounts to this fund al the year end. The wind up reserve wll allow for an orderly closure of the organisation in the event of a sudden, lotsl loss of funding, contract income or other circumstances beyond the control of trustees. The transport fund will be available for groups and families having difficulties obtaining transport. -16-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTEDI FOR THE YEAR ENDED 31 MARCH 2022 14 Analys18 of net assets betweon funds Tangible fixed assets Net current assets Total 2022 Total 2021 Unrestrlcted general funds 25,256 35,411 60,667 33,607 Unrestricted designated funds: Vehicle and equipment replacement fund Wind up reserve Transport fund 353.040 51.000 10.000 353,040 S1,000 10.000 353,040 51,000 10,000 25,2S6 449,451 474,707 447,647 Prior year Tanglble fixed assets Net Current assets Total 2021 Total 2020 Unrestrlcted general funds 37,799 {4,192} 33,607 13,006 Unrestricted deslgnatgd funds- Vehicle and equipment replacement fund Wind up reserve Transport fund 353,040 51,000 10,000 353,040 51,000 10,000 313,040 51.000 10,000 37,799 409,848 447,647 427,399 15 Defined contrlbution penslon plan The Charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £2,21712021.' £2,102). 16 Operatlng leases Total future minimum lease payments under non-cancellable operating leases are as follows.. 2022 2021 Not later than one year Later than one and not later than five years Later than five years 960 1.440 960 2,400 2,400 3,360 -17-