regl$tratlon no: 05767006 harlty no: 1114100 Preston Community Transport Limited {A registered charity and company limited by guaranteo) Report and Flnancial Statsments For The Year Ended 31 March 2023 111 'AC155CEH* ?￿1212023 COMPANIES HOUSE *138 mha MOORE & SMALLEY PRESTON COMMUNITY TRANSPORT LIMrrED CONTENTS Page Board of Trustees. Report Independent examinerfs TeFwI Statement of financial activit￿5 Balance Sheet Notes to the 8¢counls PRESTON COMMUNITY TRANSPORT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Constitution Preston Community TransFort Limiled is a company limited by guaranlee re9iStered in England and Wates {number 57670061 and a regislered charity (number 1114100) and is governed by its Memrandum and Articles of Association approved on 14 February 20CO. Dlr•ctoTs and trustse$ The directOTS of the charitable company are a150 ils Irustees for the purposes of charity law. and 1hrcw￿ut are collectN&ly rsf8rred lo as Ihe board ol tru5tees'. Al the trustees stsnd down each year and are eligible for Tfv eleclion at the AJ)nual General Meeting. None of the trustees received any remuneration for their seNices. The Irustees during the year were: Mr. PTJ Bell Mr. J Taylor Cllr. D Borrow Cllr. Mrs. P Brown Mr. N Colli50n Mr. A Fairey Cllr. Mrs. KJ Walton Mr P S Whitehead {Chairl {Appointed 20 August 2023) Company Seerntary Mr. A G Fairey Genoral Planag•r Mr. D Meggison Reglstered office Preston Mobility Centre, 28 Friargate. ￿$ton. PR12AU Examiner Nicola Mason FCA DChA, MHA Moore and Smalley. Iqichard Hous¥, Winckley Square, Preston, PR1 3HP Bankers CAF Bank Solicltors Naplhens. 7 Wnckley SqLJare. Pres1￿. Lancashire PR13JD VAT r•gistr*ion numb•r 483270638 PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES. REPORT FOR 2022R3 The trustees of Preston Community Trans[￿ Limited. are also the dÉrectors for the purposes of the Companies Act, present their annual report and the financHI statements forthe year ended 31 Ma￿h 2023, which are also prepared to meet the requirements for a direclors, report and accounts for Companies Act purposes. The financial ststemenls have been prepared in accordance the accountsng poI￿leS set out in notes to the accounts and compty with the charity's trust deed. the Charities Act 2011 and Accounting and Reporting by Charitses: Statement of Recommended Practice ap￿Icable to charities preparing their accounts in accofdance with the Financial Reporting Standard applitable in the UK and Republic of Ireland {effectNe October 20191. Obl•cts of the ¢ompany From the Memorandum ofAssociation Tr obj8Ct of the company is lo provide community transport services for such of the inhabitants ol Preston and other areas of LanG￿h1re who are in need of such 58Tvi¢e b9￿USe of age. sickness or disability Imenlal or phystcall or poveity. or because of a lack of availability of adequate and safe public passenger servtis.. structure. governance and managemmt As required by the Memorandum and Articles of Association. overall responsibility for the company's actNities is vested in the directors sefving as the company's board of trustees. Trustees have individual experience and experbse as service users as wdl as specialist professional skilL8. Trustee induction training is prowded by the chaii, general manager and company ￿retary. Trustees a￿ encouraged to parrricipale in training and events folevant lo the Company'$ activibos. During the year the m8mbers acted as the directots and also the tr(t$tees of the company. The board of trustees shall comprise not less than three person5. Trustees are elected individually at the Annual General Meeting by indwidual members of the company or persons nominated by organisations which are members. Trustees hold office until the next Annual General M¢gting when they are e1￿ible for re-election. The board of trustees may ¢OthOPt not more than two othw person$. whether or not members ofthe Company. to Serve as full voling members of the board. The main board of trustees meets quartety and a subc(xnmittee dealirvJ wth strategy and planniro. finance, lundraising. personnel, health and safety meets in the m&anb"me arNI rep)rts lo the rn8in toard." In practice the board employs staff and depbys volunteers to provide a range of services. Overall responsibility for policy implementation, service delNery and developmenl and day to day operdlions is delegated to the general mana9eT, subcommittee chairmen and OFerations staff based at the Mobli ity Cenlre. The Companvs vehides are garaged at The Store Room, Lane. Preston. Summ8ry of alms and achievements Preston Community Transport (Preston CT) is a small. communty led. local charity prO￿dIng affordable transport and related Services primarily fof people wth reStr￿ted mobility with the aim of alleviating social. economic. rural and eultural isolabon arKI 5upwrts.ng the transport reeds of otlw kKal voluntary organisalions. Preston CT was established in August 1988 and has operated continuously since then. Inrtially as an Industrial and Provi¢Jenl So¢iety. then converbng lo a company limited by guarantee and a regISte￿d charity on 31 March Preston cfs minibuses are ¢urrenUy operated under Section 19 of the Transport Ad 1985 with serwtes being provided lo members of the Dial A Rhde sthemes or persons ¥vho fall WTthin the statutory definitions. Preston CT continues to hold a National Standard PSV Operntors {or"O") licence. allhough not currently running any PSV seNb¢es in order to have fi&xibilty forfijture seNice provision. Communty Transport 5er¥ices are provKle(I by Preston Communrty Transport one of five members of Lancashire Community Transport - with fijnding from Lancashire County CourKil. We continue to provide Shopmobility in Preston Ctty Centre which no longer benefits from funding. we aim lo continue to do so unless costs significantly outsveigh income. PRESTON COMMUNrrY TRANSPORT LIMrrED BOARD OF TRUSTEES. REPORT FOR 2022r23(CONTIIIUED) Preston CT large￿ relies on contract fUr￿lTh3 from L8n¢ashire County Council and financial SUPFrfJt from South Ribble Borough Council to meet expenditure. supplwnented by income generated from fares and user conlribulions. The pandemic interTUPted a gradual shrft towards the percentsge eamed from other sources but as demand recovers we will aim to continue to incrwe the number of pas￿ngerS and therefore Ihgir contribution. Overvl•w This year has seen a 9radual recovery in passenger numtevs after the impact of the pandemic and its lockdowns. In ternis of passenger numbers we a￿ faced with h¥0 Conflicting ssues. There is an un¢J¢rstsndable continuing reluctance of the more Vulnerab￿ irKINi(Juals. who fofm a mapiity of our passeng8rs. lo resume Ihelr previous travellsocial ￿haViOUrs. However. on the POSitNe side it is being increasingty recognised within 'official' Circles that loneliness is a major issue and that access to transport for the most disadvantsged is a major issue. AS an organisation we are well-placed to ensure that individua15 are able to resume a full life following the pandemic and to Continue to provide the vital links fr(Mn home to S￿la1 a¢tNit1eslmèd￿al appoinlmenlslshopplng etc.. The NHS in its many foms has in￿asInglY re¢ognisgd the vital role of Communty Transport in providing the links lo improve individuafs well-being through providlng wdei access to socTral 8clivit+es. 2023124 has seen Preston Community Transport's active invofvement in a COLTrple of schemes funded by the NHS. as well as continuing our active support for the development of South Ribble Council's Social Isolation ne￿ork. At the Moment. wth continuing funding support frorn LancaShI￿ County Council and proiect funds from the NHS. in Ihg short-terni our fvndirig position seems rdatively heallhy. and the increase in passet)ger income as our services recover will improve Ihis srtuation. However. we are concerned thal the Govemmenl under-lundlng of both council and NHS activitses remain a hyyr-lerm threat. R•sour¢•$ staffNolunleers- OUT learn continues to be our major asset and has risen to the many challenges which face them. Recruibng new volunteef drivefs continues to be an issue. as does the recruitment of Truste&s. Vehicles- as noted a￿Ve. we are beginnin9 to embark on a vehicle replacement progrdmme. A key issue is the long-lenn objective lo move towards Electric Vehides. hth¥ever. at the rrrf)ment both they and their suppoth'ng infrastructure are prohibitiv8ty expensive. so Ihat in the short-temi at least we are constrained to txintinue replacement with hydrttarbon fuelled vehicles. S8rw¢gs- we provitle a variety of transFrt)rt services. Iheir indNidual demand has vawied over the lasl few years. Recenlty. dem8nd for our Communrty Cars ser¥ice has gruwn considernbty quicker than the recovery in demand for places on our Dial a Ride minibus services. Key managem•nt personnel and remunerallon. The charity applie$ salaries ¢ommensurate with dulles and are consistent with local benchmarki￿. Salaries are reviewed annually by the Board of Tru51ees the minimum in line with the Real knving Wage. The Charity ¢onsideTS its key personnel to be the General Manager and the Communty Cars Co-ordinator Post yearryend wents As identified above, ad￿l￿nal funding from the NHS has been obtsined lo support two projects- llis will require careful deployment of resources. Bringing our newty-a¢quiTed replacement vehicle will maintain a high standard of comfort for our passengefs but will increase our depreciation charye for 2023124. PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES. REPORT FOR 2022123 (CONTINUED Acknowledgements We ¢ontinye lo be gr8lefvl for valuable support from kxal rxjuncits. the NHS arKI the invaluable support of our volunteers. as well as our growing involvement with local communities. Fopward Plan$ A thorough review of existing and projected services is a high priority. coupled with a cOMp￿hen51Ve review of our fleet and replacement options Res•rves Pollcy Wg contlnye to maintsin LrKrxnmiited reser￿ wht¢h ¢Mtinue to prowde for:_ The maintenance olal least 3 month's operdbng costs to aNow Ihe restructuring of the business in the event of loss of funding. Funding for feplaeement of vehi*- a11t￿ugh the move 10 81ectric Vehicl￿ would at the moment need further financial support. Rlsk Management The board discharges it$ responsibilty lof risk managernent ty identrfying key risks and rev6ewing and approving operational and organisational policies including :" Corpor8te, business and ffin8n¢ral risk Health and safety poh'cy and practtce Proteclion of vulnerable pecyle Personnel policies Customer care poliC￿S Vehicle and driving management poli¢ies These issues are amongst the topics reviewed by the Operational sub-committee. Investment Poll¢y The Company does not dlrecty invest ui anythr￿ other than Bank Ac￿￿nts and feel that this is approwi8te for this organisation. Public Bènefjl Preston CT'S aims are described on Page 1 at'Qbiects of the CompanV. Its operations aim to benefit the Community by relieving so¢ial, economic, ¢uJtural and rural isolation for rnem￿rs of the public wth restricted mobility or lack of transport facilthes. As such our operations touch on the Charities Act des¢ription of charitable purposes-'community devekjpment,. 'human rights. and 'equality and dNersity' and fits de5CriPtion J 'reliel of those in need by reason of youth. age, ill-heatth. disabilty. financial hardship. or other disadvantage. Membership of our schemes is fulty open to members of the publ¢ and Dial a Ride services a￿ required lo be provided to eligible members of the public under the Transport Ad. Any user charges are kept as low as possible and are ￿VIeWed regulady. Wrthin our Objecls. access to our seNi¢es is unresitled within our geographK area of operation, %wlhin the lirnits of our operational capacity or unless safrty would be jeopardised. We aim to minimiso environmental detrimenl Ihrough our supply chain and by ahyays $99kin9 to optimisg vehicle occupancy. Financlal Perfofmanee A marginal positive out4um has been achieved through a combination of continued council funding from Lancashire and South Ribb￿, gradualty increasing direcuy eamed ievenues and careful financial controls. and lolal funds hed al 31 March 2023 were £476.70312022 £474.7071. which is all held as unrestricted funds. hough £353.040 is held for vehide replacement. Excluding tangible fixed assets. total funds are £419.423 {2022 £449.4511. After depreciation the charity generated a SUTplus of £1.996 (2022 £27,060). PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES. REPORT FOR 2022r23 (CONTINUED) Small company provisions These accounts have bgen prepared in aCc￿dance wilh the provisK>ns appl￿ble lo ￿npaTri95 subied lo the small companies, regime. This report was approved by the board of Irustees and aul￿rised for issue on . on its behalf by.. and signed Mr P T J 8ell- Trustee Mr J Taylor- Trust•8 PRESTON COMMUNITY TRANSPORT LIMITED INDEPENDEMT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2023 I report to the charity tru51ees on my eX￿nIna1￿ of the ac(yJxts of the tharity for the year ended 31 March 2023 vthich are sel out on pages 7 to 17. Responsibiliti￿ and basis of rnport s the charity trustees of the company land also tts directorsforthe purposes of company lawl you are responsible for the prèparation of the a¢￿Unts in a¢cordan¢e wrth the requirements of the Companies Act 20061'th¢ 2CQ6 Havlng satisfied myselfthat the accounts of th8 ￿rr￿anY are not required lo be audited under Part 16 of the 2006 Act and are eligible for irthpendenl examinalion. I report in respect of my examination of your company's accounts as carried out under section 145 of Ihe Charit￿S Act 2011 (Ihe 2011 Act'l. In carrying o¥Jl my examination I have followed the Directions given by the Charity Cornrnlssl￿ under se¢ts"on 14515)Ibl of the 2011 Independent ￿¥mine￿5 stat•m•nt I have completed my examination. I confimi that no matters have come to my attention in conneelion with the examination giving me cause to believe that ￿ any material respect accounting records wwe not kept in respect of the company as required by section 386 of the 2006 Act., or the a¢cwnts do not ac￿r￿ with those rectyds". or the accounts do not compty ¥￿th the accounling requirements of section 396 of the 2006 A¢t other than any requirement that the accounts give a and fair vievl which is not a matter WnsIder￿ as part of an independent examination: or Ihe a¢¢ounts have nol been prepared in acCOr￿wIth tl)e methcrfjs and prin¢ipJes ofthe Slatement of Recommended Pracli¢e for a¢¢ounting and reporling by charities applicable lo charities preparing their accounts in accordance with the Ftrwnual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns 8nd have come 8cross no other matters In connecticn wlth the exarninati￿ to whlch atteAtlon sh￿Id bè drawn in this report in order to enabk a proper understanding of the accounts to b? ￿aChed. Nicola Mason FCA DChA MHA Moore and Smalley Chartered A¢¢ountsnts Preston Date: . PRESTON COMMUNITY TRANSPORT LIMITED STATEMENT OF FINANCIAL ACTIWTIES {INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 unrestric￿ Restricted Total fund& Total lunds lund5 2023 2022 In¢ome from: Donations.. Other donations 3,496 3,496 7,919 Chan"lable adivilie$ 208.841 208.841 199,841 Investments 142 2,142 Tolal Income 214.479 214.479 207.767 Expendlture on: Charitable a¢tivit 180,7Q7 Total expenditure 212.483 212.183 180.707 Net In¢0m￿1•XP•ndtt￿r•l 1,996 27.060 Transfers bet*￿en fund$ Net movement In fund$ 27.060 R•conciliation of funds: Total funds brwhl forward 474.707 474.707 447,647 Total funds carrled forward 476.703 476.703 474.707 All the above resulis are derived from activrbes which are continuing. All gains aThJ kjsses in the period are included above. PRESTON COMMUNITY TRANSPORT UMrrED BALANCE SHEET AS AT 31 MARCH 2023 2022 Fixed a￿•ts Tangibte assets io 57.280 25,256 Current assèts Debtors Cash at bank and in har 11 34.326 471,7TI 24.020 456.940 506.103 480,960 Crqdltws.. amounts falllng du? withln one year 12 186.680 (31.509) N•t ¢urrnnt assets 419.423 449.451 Net 0598t* 4rn703 474.707 Reser 13 Unrestricted general funds Unrestricted designated funds Restricted funds 62.663 414.040 60,667 414.040 476,703 474.707 For the fin8nci81 year ended 31 Marth 2023 the company was enti￿ed lo exemption from audrt under section 477 of the Companies Act 2006 relaling to small companies. No members have required the company lo obtain an audit of its financial statemp￿ts for Ihe year ended 31 Marc* 2023 ¥1 a¢e4)rdance with section 476 of the Companies Act 2006. The tnjstees athnrythedge th￿r resp2nsitxfrties for ensuring that the tharity keeps acctyjnting records which comply with seuion 386 of Ihe Act and for preparing finanual statements which give a true and tsir view of the stste of affairs of the company as at the end of Ihe financial year and of its incoming resources and application of resources. incbJding its incorne and eypendilure, forlheffinar)L?81 year in 8c(x)rdan¢e with requirements ofse¢tton$ 394 and 395 and which otherwise cornply with the fyq￿rements of the Cwipanies Act 2006 relating to financial statements. so far as applic8ble lo the CoMp￿y. These accounts have been prepared in acc(wdance ￿ryth. Ihe pn)visions aFpJi¢abie to cornpanies subied to the small companies, regime. These finanThal slatements were apwoved by the I￿￿tee5 on . and were swJned on their bèhalf by. Mr P T J Bell- Trusteo Mr J Taylor- Trustee Company Number. 05767000 PRESTON COMMUNrrY TRANSPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCTrI 2023 Accounting policies The principal acwintirtg policies adopted. I￿geMentS aThJ key sources of estimètion uncertainty in the prgparation of the financial $latements ar8 a$ follovo.. Basis of preparation The financial statements have been prepared in aCcOrdar￿ with Accounting and Reporting by Charities.. statement of Recommended PractTrce applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland issued October 2019. the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011, the Conipanies Acl 2006 and UK Generally A¢¢epletl Ac¢ounting Practice. Preston Communty Transport Ltmited Tr￿ls the definition of a public benefit entity under FRS 102. Assets and liabilit￿S are initialty reco9nised at historical Cost or Iransaction value unless otherwise ststed in thg relevanl acwunting policy note(s)- The fina￿la1 ststements are presented in $1grling whith is th8 fun¢b'onal current of the ￿MpanY and rounded to the nearest £. Going conum Tho truslè8s assess whether the use of wtng conc9rn i* appropriate l.e. whth there are any materlal un¢ertainti8s rel*ed to evgnts or ￿ndi￿on$ that may ¢ast significant doubl on the abilty of the charty to Continue as a going concern. The trustees make this assessment in respect of a per*Jd of al least one year from the date of authorisation for issue of the financAal statements. The trustees have concluded that the charity ha5 adequate resources to continue in operation81 existen￿ for the foreseeable future and there are no material uncertainties about the charity's ability lo continue as a 90ing concern, thus they continue lo adopt the going ¢oncem basis of accounting in preparing the finan¢ial ststements. Company status The charty is a company limited by guarantee. The tnJstees are drawn frorn the members oflhe company and volunteer membws. In the event of the chanty being wound up, tho liability in respeclOftt￿ guar￿tse is limited to £1 per trustee of Ihe chartty. Fund a¢eountlng General funds are unrestricted fvnd5. whith are availabk for use at the discretion of the trustses in furtheran￿ of the general objective5 of the company and which have not been designated for other wrp¥)ses. Designated funds comprise unrestricled funds that have been sel aside by Ihe trustees for parti¢ular purFW)ses. The aim and use ol each designated fund is set out in lh* notes to the financial ststements. Reslrided funds are funds which are to be used in accordance wth specific restrictions imposed by donors which have been r8L%ed by the company for particular Purposes. The cost of raising and administering such funds are charged against the sFeCir￿ fvnd. The aim and use of each restricted fund is sel out in the notes lo the finanual statements. PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS {CONTINUTEDI FOR THE YEAR ENDED 31 MARCH 2023 A¢counting policies {oyrtinued) In¢om• Income is recognised s¥hen the charity has entitlement to the funds. any performance conditions atta¢hed to the item{s} of income have been meL r( is probable that the income wll be r¢¢eiveé and the amount can be measured reliably. Gifts in kirKI donated for di$tribution a￿ ￿)dud$d al ¥8luabon and recognised 88 In￿M8 whèn they a distributed to the projects. Donated fa¢ilitie$ arè included at the valuè to the chartty Whe￿ this Can be quantilifjd and a third party is bearing Ihe cost. No amounts are inclltrded in the financial $tatemgnts for s8rvKes donated by vcAunteer5. Expendfture Expenditure is recognised once there is a legal or constructive oblwation to make a paymgnt to a third paty. it is probable that settlement will be require(l and the amount of the ¢)bl*3at1￿ can be mgasured re￿ably. All expenditure is accounted fty on ￿ 8c¢ruals basis and has been irduded Ur￿$r eX￿nSe categori that aggregate all costs for allocation to activilw. All costs of running the vehicles are charged to direct ¢haritaUe expenditure. Support cosls aro th0$0 resources expended in relation to the nmning of thg charity and that are not dirg¢tly attributable lo th8 charitable activibes that are undertaken. Governan￿ costs include those costs in¢urre(l in the gt)vemance of the chari￿s assets and are associated with constitvtK)nal arKI statutory wuwements. Any expenditure fof a fvlure period is prepaid ￿ the accounts until that period. Resources expended do not include VAT that can be reeiaimed. in¥¢stments and lTrvostm•nt incom? The company has no drect investrnents other tIMn ¢8sh at bank. Interest 15 eamed on surplus cash balances. Tangible fix•d as$•ts and deprKlation All fixed assets are initially recorded at C051. Dev￿latiOn is Ffovijed on all tangible fixed assets at rate5 ealculated to write off the cost over ther expected usefvjl economic lives as fdlows.. Scooters and wheekhairs Motor vehicle5 Computer equiprnent Other equipment over 7 years 33°k reducing balance over 3 years over 10 years Trade and other debtors are recognised al Ihe settlement amount due after any Irade di$￿￿nt Off￿d. Prepayments are valued at the amount prepa*J net of any trade discounts due. Credllors Creditors are recognised where the charity has a present obfigation resulting from a past event that will probabty result In the transfer of funds to a third paty and the amount due lo settle the obligation can be m&asured or estimated reliably. Creditors arn Th)rmalty recognised 01 their seltlemenl amount after allowing foi any trade diswunb dye. PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTED) FOR THE YEAR ENDED 31 IAARCH 2023 A¢¢ounting poli¢ies {conlinued Flnanclal Instrnm•nts The charity only has financial assets and financial liabifrties of a kind that qualify as basic financial instruments. Basic financial instruments are initialty recognised al transaction value and subsequ&nUy measured at their settknment V￿Ue. Operntln91••se$ Rentals applicab￿ to opgrallng l&ase$ are ¢har9gd to tho SOFA m a stralght line basis ovgr the tami of the lease. Taxatlon The Mmpany is a registered chanty and ts r*)t liablg to taxation on its charrtablo 8¢tivities. Penslon eontrlbutlon$ The company's empbyee5 are entit￿d to join the NEST pension scheme. The accounts of the scheme are held separalety from those of the charity. Contributions payable are charged in Ihe Statement of Financial Activities. Judgements and key sources ol •stimation uncertainty In the application of the ¢harity'$ accounlkng policies. the trustees are reqUI￿d to make judgement5, e$timales and aSsUmpt￿nS aboutthe carryin9 amountofassels and liabilittes that are not feadily apparent from other sources. The estimates and associated asslimptions are based on historical experience and other factors that are Con￿dered lo be rdevanl. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewet1 on an onwing basis. Revisions to accounting estsmates are recognised in the period in which the estimate is revised where the revision affe¢ts onty that period. or in the period of the revision and future periods where the revision affects bolh Current and lutUTe period5. The trusleos dD not believe that there are any esb"mates and assumptTrcJns whi¢h have a signifkanl risk of causing a matèrial adjustment to Ihe urrying amount of asseb and liabilibes. -1 PRESTON COMMUNrrY TRANSPORT LIMITED NOTES TO THE ACCOUNTS (CONTINUTEDI FOR THE YEAR ENDED 31 MARCH 2023 Income from Charitsble adivltks Unrestri¢t•d R•strfct•d funds funds 2023 Total 2022 Total LCT ¢onlrdcI income Bus Service Operators Grant Group transport income Oial A Ride fares Shoprnobillty hire charges Lancashire Ranger SoLrth Ribble Council grant Driver training income Section 106 income Miscellaneous incom8 110.892 5.123 28.592 21,446 110.892 5.123 28.592 21.446 110,891 5,124 10,830 23.571 8.570 8.753 15.000 5,505 10.000 1.597 12.274 15,000 1.609 12.274 15.000 1.609 4.361 4.361 208.841 208.841 199.841 Specific Dial A R￿e and Commurlity Ca5 income from Lar￿shIre County Coun¢il ended in Maich 2015. Preston CT joined with other CT operators to build an inform81 consortium (Lancashire Community Transw>rt) and mount a joint bid lor Ihe new LCC ￿ntraCt. This LCT contract income therefore replaced the prèvious wKome streams. The lotal inccthe of £199.841 in the previous year comwsed all ur*restrieted income. Expendlturn on ¢harltabl•"a¢tlvitles Unr•strlcted Restrlcted funds funds 2023 Total 2022 Total Transport and Telat•d servlces Vehicle running expenses WIC and SIC purchases and spares DeP￿CIatiON Volunteer expenses Staff expenses Staff salaries and wages Storage costs Support costs (note 4) Govemance costs (note 5) 44,86 44,868 26.912 1,994 10,882 276 8,970 8.970 $33 83,080 9,552 61,871 1.965 83.080 9,552 61.871 1.965 73,517 7,479 57,603 2,040 1483 212.483 180,707 The above expènditure relates to the one tharitsb￿ aclmty: the provision of community transFL)rt services. The total expendibjre of £180.707 in the previous ye¥ was all uNestricted expenditure. -JJ- PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Unrestri¢ted Restricted fund$ funds 2023 Total 2022 Total Staff salaries and wages 39.179 451 1.507 3.927 16.253 39.179 451 1,507 3.927 16.253 32.207 573 1,179 3.893 17.667 1.659 425 Insurance Light and heat Other office costs Depreaation Bank charges 554 61.871 61.871 57.6Q3 Support costs include administratton. management and strategic development time. Govèmanu Costs 2023 2022 SlatLrtory accounts and independent examination Other accountancy services 1.645 320 1.400 640 1.965 2.040 Net Incom￿(expendI1Urnj lor the year 2023 2022 This is stated after charging= Dep￿￿ation of tangible fixed assets- thvned by the charity Independent examination fees Oiher accountancy services 8.970 1.645 320 12.542 1.250 575 -12- PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS {CONmNUTED) FOR ThE YEAR ENDED 31 MARCH 2023 Staff costs 2023 2022 Wages and salaries Social security Pension costs 11Q.793 9.093 2.373 99.641 3.866 2.217 122.259 105,724 No em￿1)ye¢S were paid al the rate of over £60.000 per annum in tho currgnl or previous year. The key man8gemenl pèrsonnel of the charity comprise the trustees. the Gener81 Manager. and the Operations CLFordin8tor. The total employee benefit5 of the key management personn81 of the Charity. includiry National In$wan￿ and ponsicm contribub"ons, were £64.851 12022.. £60.9521. The tnjslees and connected persons were not paid or received any other benefits from employment with the charity in the yeaT12022= £nil} neither were they reimbursed expenses during the year {2022.. £nill. No charity trustge Te¢tsyved payment for professional or ¢)ther Sery￿e$ suppliod to the charity12022: £nill. Staff Thum￿rs The average monthly head count was 7 stsff {2022: S stsffj and the average mnthty number of full-lirne equivalent ernpby￿ dwing the year vras as 2023 2122 M3nagemenl Servtce delivery Related party transa¢tion$ The charity is controlled by the Board 0fTn￿te?S. One of the Trustees of P￿ston Communfy fransport is also a Trustee of INTACT. During the year sales invoices lotslling £nil12022'. £nill were raised to INTACT. Induded within trade debtors al the year*nd was £nil12022.. £nil) recoverable from INTACT. There were no other transactions with relat8d parties in the ￿rrent or previous year. -1& PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTEO) FOR THE YEAR ENDEO 31 MARCH 2023 10 Tanglble fixeil *$sets Scoolers & wheelchairs Mlnlbuses Ct>mputer oth•r arHI Equipment Equlpment vehicles Total Cosl At 1 April 2022 Additions Disposals 23.905 249.277 40.995 5.370 20.098 298,650 40,995 At 31 March 2023 5,370 20.098 339.645 D•prnelatlon As at 1 April 2022 Charge for ihe year On disposals 19.702 1.659 230.549 6.180 4.911 419 18.233 712 273,395 8.970 At 31 March 2023 21.361 236.729 5.330 18.945 282.365 book valu• At 31 March 2023 1545 1153 57.280 At 31 March 2022 4.205 18.728 459 1.864 25,256 11 Debtor 2023 2022 VAT recoverable Trade debtors Prepayments" AccTued income 13,947 8.255 9,836 2,288 2.098 10.504 9.130 2.288 34.326 24,020 12 Ci•ditOTS". Amounts falling du• within on• y•ar 2023 2022 Trade creditors Accruals and deferred irwne Other creditors 63,207 22.086 1,387 8.165 21,957 1,387 31,509 -1 PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS (CONTINUTEDI FOR THE YEAR ENDED 31 MARCH 2023 13 M0￿mOnt in fvnds Balance 1 April 2022 Irbcomo Exp•nditur Transt•rs Balance 31 March 2023 Unrestricted g•nernl Funds 60.667 214.479 (212.483) 62,663 Unrtstri¢ted deslgfiated funds: veh￿Ie and equSpment fund Wind up reserve Transport frjnd 353.040 51.OLJ) 10.000 353.040 51.000 10,000 474.707 214.479 (212.483) 476.703 Balanc• 1 April 2021 Incom? Expondllur Trnnsf¢rn 8alan¢e 31 March 2022 Unrestricled g•nefal fvnds 33.607 207.767 1180.7071 60.667 Unr•strlcted d•signated funds: Vehicle and equipmentfund Vvind up reserve Transport fund 353,040 51.000 10.000 353,040 51.000 10.000 447.647 207.767 {180.7071 474,707 D•signatod lunds The"VehI¢￿ and equipment fund alk)wsfor replacements, upgrades or Th)difi¢allon$. The trustees have decided tr) transfer a1Idilional amounts to this fund at the year end. The wind up reserve ￿11 allow for an ordety dosure of the organisation in the event of 8 sudden, total loss of funding. contract income or other circurnslances beyond the control ol tiustees. The transport fund will be available for groups and families having difficutties obtaining transport. PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTED) FOR THE YEAR ENDED 31 MARCH 2023 14 Analy￿$ of net assets betve•n lunds Tangiblo fixèd N•t Total 2022 2023 assets Unyeytrlcted general funds 57.280 5.383 62.663 60.667 Unr•strlet•d d•slgnat•d funds." Vehicle and equipment replacement fund Wind vp reserve Transporl fvnd 353.040 51.000 10.000 353.040 S1.DOO 10.000 353.040 51.000 10.000 57,280 419.423 476.703 474,707 Prlor year Tangible fixed •s$ets Net current Total 2022 Total 2021 Unrestricted yneral fi•nd$ 25.2 35.411 60.667 33.607 Unrestricted designated funds: Vehicle and equipment replacement Wind up reserve Traftsport fund 353.040 51,000 10.000 3S3.040 51,000 10.000 313.040 51.000 10,000 25.256 449.451 474,707 447,647 15 Defined contributlon pen$lon plan The Charity operates a defined ¢ontn"bulion pension plan for it5 empkjyees. Thè amount recognised as an expensg in the perK)d was £2.373 (2022.. £2,217). 16 Operating leas•s Total future minimum lease payments under non