Company reglstration 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 2025 frmha
PRESTON COMMUNITY TRANSPORT LIMITED CONTENTS Page Board of Trustees, Report Independenl examiner's report Statement of financial activities Balance sheet Notes to the accounts 10
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES, REPORT FOR YEAR ENDED 31 MARCH 2025 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 statement for the year ending 31 March 2025, which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies sel out in notes lo the a¢¢ounts and comply with the Charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective Oclober 2019) Objects of the company From the Memorandum of Association "The object of the company is to provide community transport sewices for such of the inhabitants of Preston and olher areas of Lancashire who are in need 01such service because of age, sickness or disabilily (n7ental orphysical) orpoverty, or because of a lack of availability of adequate and safe public passenger seThices." Structure, governance and management As Tequired 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 seNi¢e users as well as specialisl professional skills. Trustee induction training is provided by the chair, general manager and company secretary. Trustees are encouraged to participate in training and events relevant to the company's aclivilies. During the year the members acted as the directors and also the trustees of the company. The board of trustees shall comprise not less than three persons. Trustees are elected individually at the AGM by individual members of the company or persons nominated by organisations which are members. Trustees hold office until the next AGM when they are eligible for re-election. The board of trustees may co-opt not more than two other persons. whether or not they are members of the company, to serve as full voting members of the board. The main board of trustees meets quarterly and a sub-committee dealing with strategy and planning, finance, fundraising, personnel. and health and safety. meets in the meantime and reports to the main board. The board employs staff and deploys volunteers to provide a range of services. Overall responsibility for policy implementation, service delivery and development and day to day operations is delegated to the general manager, sub-committee chair and operations slaff based at the Mobility Centre. The Company's vehicles are garaged at the Store Room, Marsh Lane. Preston. Summary of aims and achievements Preston Communit Transport is a small. community led, local charity providing affordable transport primarily for people with restricted mobility with the aim of alleviating social. economic. rural and cullural isolation and supporting the transport needs of other voluntary organisations. Preston CT was established in August 1988 and has operated continuously since then, inilially as an Industrial and Provident Sociely, then converting to 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 wilhin the statutory definitions.
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES, REPORT FOR YEAR ENDED 31 MARCH 2025 (CONTINUEDI Community Transport seNi¢es are provided by Preston Community Transport using core funding from Lancashire County Council. This comes in Ihe form of a compelttively tendered county-wide contract beeen the County Council and Lancashire Communily Transport, a consortium of five community transport groups which belween them cover much of the Council's area. This contract is due to be retendered in financial year 2025126 - this conslilutes a significant risk for the consortium members, which is mitigated by working closely with the Council. The County Council funding is supplemented by income generated from fares and olher contributions. We aim to continue to increase both the number of passengers accessing the service and the number ofjourneys they make as this will increase their contribution. Vve continue to provide a Shopmobility service in Preston City Centre even though this no longer benefits from direct funding from Preston City Council- we aim to conlinue to do so unless costs significantly outweigh income. During the year we enhanced our Training function in respect of MIDAS (Minibus Driver Awareness Scheme) and PATS {Passenger Assistant Training Scheme)- these longslanding schemes are nationally recognised as having a significant impact on both the passenger experience and their safety. During the year a major upgrade of MIDAS was introduced, partly to focus on a person-centred approach and partly to bring the system into the digital age. The Communily Transport Association. the custodian of these schemes, needed experienced Iraining units to deliver the new system and we were delighled to be accepted as the MIDAS Centre for the North-west of England. This has brought in some immediate additional income but it has significant potential for the future. Overview This year has seen an increase in passenger numbers especially in our group and day trip service. In terms of passenger numbers we are faced with Iwo conflicting issues. There is an understandable continuing reluctance of the more vulnerable individuals, who form a majority of our passengers, to resume their previous (i.e. pre- Covid) travellsocial behaviours. However, on the positive side it is being increasingly recognised within 'official' circles that loneliness is a major issue and Ihat access to transport for the most disadvantaged is a major factor in combatting that. As an organisation we are well-placed to ensure that individuals are able to resume a full life following Ihe pandemic and to continue to provide the vital links from home to social activitieslmedical appointmentslshopping. etc. The NHS in its many forms has increasingly recognised the vital role of Community Transport in providing the links to improve individuals, well-being by giving wider access to social activitie5. 2024125 has seen Preston Community Transport's active involvement in a couple of schemes funded by the NHS, as well as continuing our active support for the development of South Ribble Council's Social Isolation network. At the moment, wilh continuing funding support from Lancashire County Council and project funds from the NHS, in the short-term our funding position seems relatively healthy. and the increase in passenger income as our services recover will improve this situation. However, we are concerned that the Government under-funding of both council and NHS activilies remain a longer-term threat. Resources SlaffNolunteers- our team continues to be our major asset and yet again has risen to the many challenges which face them. Recruiting new volunteer minibus drivers continues to be an issue, as does the recruitment of Trustees.
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES, REPORT FOR YEAR ENDED 31 MARCH 2025 (CONTINUED) Vehicles - we have started our vehicle replacement programme. by replacing 3 of our vehicles. A key issue is the long-term objective to move towards Electric Vehicles- however, following a comprehensive review of existing replacement electric minibuses al the moment both they and their supporling infrastruclure are prohibitively expensive, so that in the short-temi at least, we are constrained to continue replacement with hydrocarbon fuelled vehicles. However, future replacements will take into account both the changes in demand for our services and the need to provide flexible options. Services - we provide a variety of transport services, their individual demand has varied over the last few years, with a general fall following a past reduction of the LCC Contract payments, followed by the Covid disrLFplion after 2020. However, numbers are recovering. with 24125 figures overall 6.80/0 ahead of the previous year. Demand for our Community Cars service, which Vth an ageing population, provides 2 Vltal link between our passengers and doctors, surgeries has grown by over 30°/0 in the year. In terms of fulfilling a wider communily benefit. this also means a greater involvement of volunteer drivers. Key management personnel and remuneration. The charity applies salaries commensurate with duties which are consistent with local benchmarking. Salaries are reviewed annually by the Board of Trustees with the minimum in line with the Real Living Wage. The Charity considers its key personnel to be the General Manager and the Community Cars Cowordinator Post year-end events Our vehicle replacement programme has continued with the acquisition of a larger replacement for our SUV which will continue to Provide wheelchair transport for hire to families but also allow us more flexibility in supporting existing and emerging Dial a Ride services. without the licence restrictions of the larger minibuses. We have taken over the Central Lancs Dial A Ride Scheme in Chotley and look to develop a strong working relationship with the local council with the hope of promoting the service. Lancashire Community Transport has been r&awarded the contract from the County Council with a slight reduction in funding and some additional administrative requirements. Acknowledgements We continue to be grateful for valuable support from local councils, the NHS and the invaluable support of our volunteers, as well as our growing involvement with local communities. Forward Plans A thorough review of existing and projected ServIS is a high priorily., particularly in view of the polential expiry of the latest LCC contract in 2028. Reserves Policy We continue to maintain uncommitted reserves which continue to provide for :. The maintenance of at least 3 month's operaling costs to allow the restfucturing of the business in the event of loss of funding. Funding for replacement of vehicles - although the move to electric vehicles would at the moment need further financial support.
PRESTON COMMUNITY TRANSPORT LIMITED BOARD OF TRUSTEES, REPORT FOR YEAR ENDED 31 MARCH 2025 (CONTINUED) Risk Management The board discharges its responsibility for risk management by identifying key risks and reviewing and approving operational and organisational policies including Corporate, business and financial risk Health and safety policy and pra¢tice Protection of vulnerable people Personnel poli¢ies Customer care policies Vehicle and driving management policies These issues are amongst the topics reviewed by the Operational sub-committee. Investment Policy The Company does not directly invesl in anyihing other than Bank Accounts and feel that this is appropriate for this organisation. Publi¢ Benefit Preston CT'S aims are described on Page 1 at'objects of the Company,. Its operations aim to benefit the community by relieving social, economic. cuttural and rural isolation for members of the public wilh restricted mobility or lack of transport facilities. As such our operations touch on the Charities Act description of charitable purposes - '¢ommunity development.. 'human rights, and 'equalily and diversity, and fits description J 'relief of those in need by reason of youth, age, ill-health. disability, financial 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 1985. Any user charges are kepl as low as possible and are reviewed regularly. Within our Objecls, access to our services is unrestricted within our geographic area of operation. within Ihe limits of our operational capacity or unless safely would be jeopardised. We aim to minimise environmental detriment through our supply chain and by always seeking to optimise vehicle occupancy. Flnancial Performance The out-turn of a small deficil is a reflection of the success in the delayed replacement of our older vehicles which has resulted in a higher depreciation charge, in part offset by a profit on disposal. This compares with the surpluses earned in recent years with a lower depreciation charge resulting from an ageing vehicle fleet. In terms of funds we have retained sufficient reserves to allow for vehicle replacement. Small company provisions These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. This report was approved by the Board of Trustees and authorised for i55ue on I'T behalf b ned on its Mr C Smith Trust Mr P T J Bell (Trustee)
PRESTON COMMUNITY TRANSPORT LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 8 to 19. Responslbilities and basis of report As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparalion of the accounts in accordance with the requiremen15 of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Parl 16 of the 2006 Acl 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 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in ¢onne¢tion with the examination giving me cause to believe that in any material respect.. accounting records were nol kept in respect of the company as required by section 386 of the 2006 A¢l', or the accounts do not accord with those records.. or the accounts do not comply wilh the a¢¢ounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination: or the a¢¢ounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have Come across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. dicc,,, Nicola Mason FCA DChA MHA Chartered Accountants Preston ..I.fJiDo.Liib(f gogo
PRESTON COMMUNITY TRANSPORT LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 202S Unrestrlcted funds Restricted funds Total funds 2025 Total funds 2024 Note Income from: Donations." Other donations 3.122 3,122 1,673 Charitable actlvities 255,619 255,619 226,882 Investments 6.888 6,888 6,335 Total income 265,628 265,628 234,890 Expenditure on: Charitable activities 309,130 309,130 244,396 Total expendlture 309,130 309,130 244,396 Net incomel(expenditure) (43,500) (43,500) (9,506) Transfers between funds Net movement in funds {43.500) (43,500) (9,506) Reconclliation of funds: Total funds brought forward 467,197 467,197 476,703 Total funds carrled forward 423,697 423,697 467,197 All the above results are derived from activities which are continuing. All gains and losses in the period are included above.
PRESTON COMMUNITY TRANSPORT LIMITED BALANCE SHEET AS AT 31 MARCH 2026 2025 2024 Note Fixed assets Tangible assets 10 92,236 91,392 Current assets Debtors Cash at bank and in hand 11 17,526 351,130 20,505 391,120 368,657 411,625 Creditors: amounts falling due wlthin one year 12 (37.196) (35,820) Net current assets 331,461 375,805 Net assets 423,697 467,197 Reserves 13 Unrestricted general funds Unrestricted designated funds Restricted funds 72,015 351,682 115,515 351,682 423,697 467,197 For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to oblain an audit of its financial statemenls for the year ended 31 March 2025 in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of Ihe Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including ils 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 trustee5 on 17 /.1 .go2Snd were signed on their behalf by.. Mr C Smith { ustee) Mr P T J Bell (Trustee) Company Number: 05767006
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows- Basis of preparation The financial statements have been prepared in accordance wilh Accounling and Reporting by Charities.. Statement 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 Oclober 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, Ihe Companies Act 2006 and UK Generally Accepted Accounting Practice. Preston Community Transport Limited meets the definition of a public benefit Èntily under FRS 102. Assets and liabilities are initially recognised at historical cost or Iransaction value unless otheiSe staled in the relevant accounting policy note(s}. The financial statements are presented in sterling which is the functional current of the company and rounded to the nearest £. Going concern The trustees assess whether the use of going Goncern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significanl doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. 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's ability to conlinue as a going Concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. Company status The charity is a company limited by guarantee. The trustees are drawn from the members of the company and volunteer members. In the event ofthe charity beingwound up, the liabilily in respect of the guarantee is limited to £1 per trustee of the charty. Fund accounting General funds are unrestricted funds, which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds Ihat have been set aside by the trustees for particular 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 to be used in accordance with specrfic reslriclions 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 (CONTINUTED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {continued) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item{s) 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 recognised as income when they are distributed to the projects. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Expenditure Expenditure is recogni5ed once there is a legal or constructive obligation lo make a payment to a third party, it is probable that settlement will 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 categories that aggregate all costs for allocation to activities. All costs of running the vehicles are charged to direct charitable expenditure. Support costs are those resources expended in relation to the running of the charity and that are not directly attributable lo the charitable activities that are undertaken. Governance costs include those costs incurred in the governance of the charity's assets and are associated with constitutional and statutory requirements. Any expenditure for a future period is prepaid in the accounts until that period. Resources expended do not includ8 VAT that can be reclaimed. Investments and investment income The company has no direct investments other than cash at bank. Interest is earned on surplus cash balances. Tangible fixed assets and depreciation All fixed assets are initially recorded al cost. Depreciation is provided on all tangible fixed assets at rates ¢al¢ulated lo write off Ihe Cost over their expected useful economic lives as follows.. Scooters and wheelchairs Motor vehicles Compuler equipment other equipment over 7 years 33 % reducing balance over 3 years over 10 years Debtors Trade and other debtors are recognised at the settlement amounl due after any trade discount offered. Prepaymenls are valued at the amount prepaid net of any Irade discounts due. Creditors Creditors are recognised where the charity has a present obligation resulting from a past evenl that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recogni5ed at their settlement amount after allowing for any trade discounts due. -10-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS (CONTINUTED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {¢ontinued) Financial instruments The charity only has financial assets and financial liabilrties of a kind that qualify as basic financial instruments. Basic financial instruments are inilially recognised at transaction value and subsequently measured at their settlement value. Operating leases Rentals applicable to operating leases are charged to the SOFA on a straight line basis over the term of Ihe lease. Taxation The company is a registered charity and is not liable to taxation on its charitable activities. Pension 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. Contributions payable are charged in the Slatement of Financial Activities. Judgements and key sources of estimation uncertainty In the applicalion of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount ofassets and liabilities Ihat are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates 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 revision affects both current and future periods. The trustees 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 liabililies. -11-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS (CONTINUTED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities Unrestricted funds Restricted funds 2025 Total 2024 Total LCT contract income Bu5 Service Operators Grant Group transport income Dial A Ride fares Shopmobility hirè charges Lancashire Ranger Driver trainin9 income Miscellaneous income Community Cars Lottery donations L&L income DAT Training Income 121,254 3,108 32,300 20.718 11,165 18,810 1,671 121,254 3,108 32,299 20,718 11,165 18,810 1,671 110,892 5,478 32,161 20,638 10,176 11,923 940 3,836 5,000 1,347 24,491 135) (35) 46,629 46,629 255,619 255.619 226,882 Specific Dial A Ride and Communily Cars income from Lancashire County Council ended in March 2015. Preston CT joined with other CT operators to 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 £226,882 in the previous year comprised all unrestricted income. Expenditure on charitable activities Unrestricted funds Restricted funds 2025 Total 2024 Total Transport and related services Vehicle running expenses WIC and SIC purchases and spares Depreciation Volunteer expenses Slaff expenses staff salaries and wages storage costs Support costs (note 4) Governance costs Inole 5) 52,061 52,061 37,965 611 27,025 1.289 39,539 1,568 39,539 1,568 93,751 93,751 88,411 119,747 2,464 119.747 2,464 86,459 2,636 309.130 309,130 244,396 The above expenditure relates to the one charitable activity.. the provision of community transport seNices. The total expenditure of £244,396 in the previous year was all unrestricted expenditure. -12-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS (CONTINUTED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs unstrICted funds Restricted fund5 2025 Total 2024 Total Slaff salaries and wages Rates Insurance Light and heat other office costs Depreciation Bank charges 46,296 1.181 46,296 1,181 42,552 1,067 1,090 10,120 31,170 9,397 62,309 9,397 62,315 564 564 460 119,747 119.747 86,459 Support costs include administration, management and strategic development time. Governance costs 2025 2024 Statutory accounts and independent examination other accountancy services 2,100 364 1,995 641 2,464 2,636 Net incomel(expenditure) for the year 2025 2024 This is stated after charging.. Depreciation of tangible fixed assets- owned by the chariiy Independent examinalion fees other accountancy services 39,539 2,100 364 27,025 1,995 641 -13-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS ICONTINUTED) FOR THE YEAR ENDED 31 MARCH 2025 Staff costs 2025 2024 Wages and salaries Social security Pension costs 127.459 10,032 2,556 99,493 22,715 8,755 140,067 130,963 No employees were paid at the rate of over £60,000 per annum in the current or previous year. The key management personnel of the charity comprise the trustees. the General Manager, and the Operations Co-ordinator. The total employee benefits of the key management personnel of the Gharity, including National Insurance and pension contributions, were £65.135 (2024.. £68,593). The trustees and connected persons were not paid or received any other benefits from employment wilh the charity in the year (2024-. £nil) neither were they reimbursed expenses during the year (2024.. £nill. No charily trustee received payment for professional or other services supplied to the charity (2024.. £nill. Staff numbers The average monthly head count was 7 staff {2024: 7 staffj and the average monthly number of full-time equivalent employees during the year was as follows: 2025 2024 Management SeNice delivery Related party transactions The charity is controlled by the Board of Trustees. One of the Trustees of Preston Communty Transport is also a Trustee of INTACT. During the year sales invoices totalling £nil (2024: £nil) were raised to INTACT. Included within trade debtors at Ihe year-end was £nil {2024.' £nil) recoverable from INTACT. There were no other tfansactions with related partie5 in the current or previous year. -14-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS {CONTINUTED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tangible fixed assets Scooters & Minibuses Computer Other wheelchairs and Equipment Equipment vehicles Total Cost At 1 April 2024 Additions Disposals 23,904 322,700 34.745 5.370 5,638 (1.800) 20,849 372,822 40,383 (1,800) At 31 March 2025 23.904 357.445 9,208 20,849 411,405 Depreciation As at 1 April 2024 Charge for the year On disposals 23,019 855 233,448 37.135 5.372 1,096 (1,800) 19,590 457 281,429 39,543 (1,800} At 31 March 2025 23.873 270,584 4,668 20,047 319,172 Net book value At 31 March 2025 31 86,861 4,.540 802 92,233 At 31 March 2024 885 89,252 1,259 91,394 11 Debtors 2025 2024 VAT recoverable Trade deblors Prepayments A¢¢rued income 3,710 2,080 11,736 2,176 4,621 10,953 2,755 17,526 20,505 12 Creditors: Amounts falling due within one year 2025 2024 Trade creditors Accruals and deferred income other creditors 11,592 24,354 1,250 11,213 23,357 1,250 37.196 35,820 -15-
PRESTON COMMUNITY TRANSPORT LIMITED NOTES TO THE ACCOUNTS {CONTINUTED FOR THE YEAR ENDED 31 MARCH 2025 13 Movement In funds Balance 1 April 2024 Income Expendlture Transfers Balan¢e 31 March 2025 Unrestricted general Funds 115,515 265.628 (309,130) 72,015 Unrestricted designated funds: Vehicle and equipment fund Wind up reserve Transport fund 290.682 51,000 10,000 290,682 51,000 10,000 467,197 265,628 {309,136) 423,697 Balance 1 April 2023 Income Expenditure Transfers Balance 31 March 2024 Unrestrlcted general funds 62.663 234,890 {244.396) 62,358 115,515 Unrestricted designated funds: Vehicle and equipment fund Wind up reserve Transport fund 353,040 51,000 10,000 (62,358) 290,682 51,OOQ 10,000 479.703 234,890 (244,396) 467,197 Designated funds The vehicle and equipment fund allows for replacements, upgrades or modifications. The trustee5 have decided to transfer from this fund at the year end. The wind up reseNe will allow for an orderly closure of the organisation in the event of a sudden, total 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 (CONTINUTED) FOR THE YEAR ENDED 31 MARCH 2025 14 Analysis of net assets between funds Tangible fixed assets Net current assets Total 2025 Total 2024 Unrestricted general funds 92,223 4,332 96,555 115,515 Unrestricted designated funds: Vehicle and equipment replacement fund Wind up reserve Transport fund 290,682 51.000 10,000 290,682 51,000 10,000 290,682 51,000 10,000 92,223 356,014 448,237 467,197 Prior year Tangible fixed assets Net current assets Total 2024 Total 2023 Unrestricted general funds 91.392 24.123 115,515 62,663 Unrestrl¢ted designated funds: Vehicle and equipment replacement fund Wind up reserve Transport fund 290,682 51.000 10.000 290,682 51,000 10,000 353,040 51,000 10,000 91,392 375,805 467,197 476,703 15 Defined contribution pension plan The charity operates a defined Contribution pension plan for its employees. The amount recognised as an expense in the period was £2,556 (2024- £8,755). 16 Operating leases Total future minimum lease payments under non-cancellable operaling leases are as follows- 2025 2024 Not later than one year Later than one and not later than five years Later than five years 480 480 -17-