Charlty numb¢r: 11151180 Company ttumber: l)5456356 HAMILTON-EDDY&Co Tci 8888 9264 Jx 0 8688 5292 Harrow Community Transport (A Company limited by gugrnDtee) Trustees, report and unaudited fin47Deial 8tAtements for the yeAr ended 31 March 2022
Hamjw Community Transport (A eompany limited by gurantee) Contents Px Legal and athninistrative informalion Ind¢pendent ¢xamit)ers' Staiement of finan¢i•l ftivities Statement of fin¢la1 position 9-10 C&8h flow Matement Notes to the fingn¢ial statements 12-19
Harn)w Community TraDSPOrt (A eompany limited by guarantee) Legal and Administrntive infornition Charlty numbtr 1115080 Company regtstratlon n•mber 05456556 Regljtered orr The Lodge 64 Pinner Road Middlesex HAI 4HZ TThgtees Glr•Jys Janes Li)uise Bennett Gerard Devine Lesley Spen¢e Zeba Arif Michael Skinner John Quinn Ashley Willian Apw)inied 0910212022 Resigned 09102ll022 Resigned 08108Q021 A¢¢ouutants Homilwn.Eddy & Co. 39 Tarnworth RoAd Croydon CRO IXU Bnke Business B8nking Centre 301 St Vincent Strttt Glasgow G2 5NT
Harrow Community Transport (A company limiled by guarante¢) Report of the tru$t¢u (incorporating the dirtttors, report) for the year ended 31 Mareh 2022 The ¢rusi¢¢$ pru¢nt their report and the financial staternents for the yeaT end1 31 March 2022. The trustees, who are also directors of Harrow Community Ttw)sport for the purpo of CA)mpany law aThJ served during the year and up to the dale of thi5 report are set out on page l. Strueturei governaD¢e management The organisation is a chari¢abl¢ Company limrf¢d by guaranttt. imorpornted on 19 May 2tXJ5 (as amended by 5pe¢ial resolution daied 25 May 2006} and registered as a tharity. The Trustee5, who a150 are the Management Committee and Directors of Harrow Community Transport IHCT] for the putposes of company law and who served during the year up to the dale of this report ar¢ Shown on pag¢ l of this report. The Trustees m¢¢t r¢gularly (usually 6 times per yrar but more frequently if required) to manage the affairs of the company. Th¢ tnjsttts have eomplied with the duty in the Charities Act 2011 to have rewd to the public benefit guidan¢¢ published by th¢ Charity Commi$ion. Trnsieés During the year we were sory lose the gwvices of Ashley Willtams who sadly passed away un¢xp¢ct¢dly on 8th August 2021. The practical experience he brought to the BoArd as a User, voluntttr driv¢r. and long time member of ihe scouling moYemen¢ was invaluable and will be x)rely rnissed. We Also said goodbye to Michael Skinner, who retired after six s¢rvi¢e in Febnjary 2022, following relocation to Shrop5hire. W¢ wigh him well. We were pleased to welcome Zeba Arif to the Board in Febnwy 2022. She kn l)een a long time m¢mber of our Wayfarers Club. She is a retired Hospital and Health Cart Professional. Currently holding senior posts in the Royal College of Nursin& and the All Pakistan Nurses Association where $h¢ is Pr¢sident. She has rettnily been appOind to the Steering Committee of the Royal College of Nursing Mental Health Forum. involved with nursing policy ond practice. Her experi¢¢ in health¢w¢ and kisure se¢torn is warnily welcomed. ObJtttlves #Dd a¢¢fvld¢s The Charity's objectives Bnd principal activities ar¢ the provision of non-profit community trdll5POrt servi¢es in the London Borough of HaTrow and its ¢nviron5. The service5 are provided primarily for the use of individuals in specific need who by reason of a8e, mental or physical disability or verty ar¢ unabl¢ to Use or have difficulty in using publi¢ transport and for use by charitsble or88nisa¢iotts or for the thari¢able purposes of other voluntsry or8anisations. The company Oper minibuges {includitig specially adapt1 vehicles) for the purposes Outlined above and also r¢¢ruits, trai ¢¢rtifie5 and r¢gi5tW3 volunteer driver3 and assistan P*y2
Harrow Community Transport (A Company limiled by guarantee) Report of the trnstees (incorporating the direetors, report) for the year ended 31 Marcb 2022 Achievements gnd perforniaDte Governonce The trusiees meet bi-monthly to manage the companys affatrs. They monitor the compan5 performan¢e &$ well as participating in the ongoing activities of Harrow Community Transport (Harrow CTX $u¢h &$ being volunteer drivers, users and promoters of the servi¢e and providing feedback on oppornmitie5 for the company to improve its perforni8nce and develop its actlvlties in the charitsble and voluntary se¢ior. As well Ls ensuring that the company complies with all required policies the trwte¢s maintsin a general overview of the activitie5 of Harrow CT regularly update a risk register which provides early warning of issues which may affect firture perfomwKe and mitigation mlirtS. Tntee9 are •180 ¢ncourn8ed to apply their speciali51 knowledg¢ ortd skills appropriaie and develop ski115 in new areas appropria to their ml¢ as trusttt4 for example through courses 5uth a5 those run by Volunthry Action Harrow. stees receive no payment of M¢Y or any other material benefit ftsr their services to the charity. A weekly report on cash flow is produced by the Athnini5trator and ¢ir¢ulat¢d to the Chair. Tntett and Operation5 Dir¢¢¢or. This also ¢ontsins fonvard forecasts and provides a constant indicator of the finJn¢ial h¢alth of the Company. Incomelexpenditure accounts are monitored bi-monthly by the Tnes. who at the same time are advixd on fiDan¢ial perfoman¢e and recommendations on financial transaction eXltUre including aequi$ition and disposal of vehicles and IT equipment. IpJcom¢ ondflf¢i deploymeni Financial results show 2 welcome improvement from a small surplus in 2020-21. exceeding the Surplus of £67,481 earned in ihe lasi knomial, year pr¢£ovid, in 2019-20. Thi$ 1$ A 80(xl r¢¢ov¢ry from the extremely ditTicult conditions experienced from early 2020 to rnid 2021 durin8 the Covid pandemic. It reflects • rettrn to a more gtsble patt¢rn of operation$, partituiarly in resped of NHS Wient transpM services which we now 0e in the borou8h5 of Harrow, Barn¢t and Enfi¢ld. A rt¢w purpos¢ built high sp¢cifLCation v¢hicle for pati¢nt Sport was purchased in December 2021. Together with home-tO•school transporL these services provide a growing and reliable income stream, whi¢h complements the affordable and accessible community transpon faciliiies we provide to member groups in the voluntary and ¢ommunity 8¢¢ior, as well as individual$. in th¢ )d0Th Borouth of Horrow. The Special Educational Needs ISEN) transpcrl which w¢ have operated for a number of years on b¢half of th¢ London Borough of Harrow wa5 suspended during the Covid l¢)¢kdowns and proved diiTicult lo revestabli5h. Only a handful of routes rewcommenced and these have been operniin8 on an iniern)itteni basis according to Council requirements, which have often been varied very shcxt notice. This resulted in operaiiona] ch&ll¢nges whi¢h make it impossible ensure regular commitsneni of vehicles and sraff. or to accuraly forecast income from these contracts. Accordingly. we are eking to reduce dependence on this source of income by widening the 8eographical area of operations and Working in co-operation with other ¢ommunity tran$w)rt organisation$ in London to optimise deploiffjent of our fleet. This is expected to yield benefits in coming years by opening up new opportunitie5 to build on the successfvl Harrow CT model of supporting community activities by earning regular income from contracts in th¢ h¢alth and ¢du¢ation s¢¢tor$. Due to the lower level of SEN activity, the flttt has been downsized and some older and leased Minib¢S have been disposed of. This h&s redu¢¢d th¢ cos¢ of vehicle m#int¢n¥nce. li ha5 a150 removed m05t of the vehicles with lower exhaust emission standards, enabling ctoser compliance with Ultra Low Emission Zone requirements in London, and most importantly it corttributes to reducitig the companS carbon footprinL Since October 2021, the two remaining nonwcompliant vehicles have been deployed exclusively outside the ULEZ area. Though this is not a problem with our current network of route4 replacement of these vehicles will be a prioriry to maximise the flexibility of our fleet. COJI management Careful rnanagement of COS together with the cominuatiw of the Coronavinjs job re*ntion s¢h¢me for the firt half of the finan¢ial year, enobled containment of costs to a level consien1 with a positive financial result. However, attention to the detsil of costs, together wtth rapid responsiveness to changes in revenue earning opportunitie& continued io be the key to achi¢ving an acceptable margin of Tevenue over costs.
Hamjw Community Transport (A company limiled by guarnntee) Report of the trustees (ineorporating the directors, r¢port> for the year ended 31 MCh 2022 Community aeitviti During the year we corttinued to oper4¢e a minimum of two minibuses dedicAt&J to c(xnrnunity transport service5 rather than wntract worK to the benefit of organilOnS and individuals in Harrow who need affordable accessible transport. Our aim of improving the amount of surplus gener*ed year by year was helped by this yeafs fin#n¢ia] results, adding to our resetYe$. This enables us lo help meet the ever wiwing demand for acC1b1¢ tran5POrt for individuals and voluntary and tharitable organisations in Harrow. Our progrdmme of day trips continued io allr•¢X membets who benefit from visiting the Tnriety of destinations offered. The congenial atsnosphere of the WayfaTtrs Club is an important antidote w social isol10n and lonelines5. A small. enthusi&sti¢ team of volunteer drivers ensures that people who are in need of a day out can enjoy excursions at affordable prices. but we need to recruii more volunteeT drivers to med the growing demand for trip$. The Community Car Service has been suspended since the Covid lockdown due io a shortage of drivers (who use their own vehi¢l¢s to offer lift5 to those withoui a¢c¢&s io any other forni of transport). We are seeking ways of re-launching thi5 important service as soon it is feasible to do so. We continue to mak¢ our minibu5 fleet available to community group5 $uch a5 the Scouts. churches and neighbourhood org4ni5alions whose need for accessible and affordable transport is rebounding after ihe restrictions of the p&5t two years. We aim to meet this demand as far as we are abl¢, th¢r¢by contributing to the heaith
nd well being of the Harrow community.
Traininx ttftdihe regulatory envwonmeni Operaiiortal trdining is done mainly throu MIDAS (Minibus Driver Aworeness Scheme), First Aid training and wheelchair handling courses, and we are grat¢fvl io Old Oak TT8inin8 Ltd for th¢ ¢xc¢lleM service they provide for our siaff. The Fleet Operator Recognition Scheme (FORS) is a voluntary a¢crediiation scheme ftsr fleet operators, whi¢h will be essential io secure some key contracts which Harrow CT is likely to bid for in the near future and work is in progress io achieve thi5. Other training h&4 been undertaken ftsr Management CPC (Certificate of Professional Competence), MIDAS Driver Ass¢ssor training. various safeguarding wurses and the use of new sySm$ for administrative fijnctions. A training programme for trustees coniinu¢s io be available, mainly through the fxilitie5 off¢r¢d by Voluntary A¢tion Harrow. For this and othtt aciivities. we are grateful for their help whd support. The Department for Transport is reviewing requirements for minibus driving qualifi¢Ations in view of the 5horta8e of DI ¢ategory licence holders, and w¢ have contributed to the con5ultaiion on this. We h4v¢ also participated in the Mayor of London's consultaiion on the expansion of the ULEZ to include the whole of Greater London. WhilM in principle a good strategy, there needs to be provision for cornmuniry tranSrt and other volunwy organisations which 9r¢ not in a position io inlln¢diat¢ly replace n0cOMpli0n1 vehicles. H¢alih andsafery The ¢ompany rnaintatns a htgh level of commitment to IMIth and saftty and h&% m¢a5ure5 in place to ensure that lis policies are carried out in respect of mff, Yehicl¢s. administration and operating procedures. Throughout the Covid 19 pandemi¢. Strict hygiene mkn&sures have been in place which have succfullY minimised the risk of transmission, and thes¢ contTnue as appropriate to the prevailing thr level. Srvi¢e delivery Excellent service delivery is a key objective of Harrow CT, whose standards of customer seryice are hithly regarded. The responsiveness and flexibility of our Small operntion5 team. drivers and passenger assistants ensures that th¢ Integrity of day to day operations is maintained despite the challenge5 of worsening traffic con8¢Stion and the need foT short notice chwwes in vehicle se¥ting configurations w m&ximrs¢ the flexibility of the fleet Siaffremuneralion Pay in¢rease$ were awarded to staff which refle¢ted the ndest rate of intlation pr¢vailing during the year. and we are now paying the IAindon Livtng Wage to all sthff. Pze 4
Harrow Community Tranyport (A eomp3ny limiled by guarAnttt) Report of the trustees (incorporating the direetors. report> for the year ended 31 March 2022 F¥ndraisin8 Our fundrnising activities provide 4 valuable supplement to help fi]nd the charitys community transport services, and we are particularly gNeful io Harrow and Pinner Lions for their continuin8 generous SUPPOTL Fit4ré outlook Widening of our area of operation to include other Ld0ft boT•. coupled with contTnuTng rigorous cost wntrol, will r¢ate a 5UStainable level of activity which will help Secu the companys long tern) firture. The trust¢e5' aim is io develop a diversified portfolio of ¢ontracts to ensure optimal perfomiance. Pannership working with other organi5ations will continue io b¢ used where necessary to ensure profitable retention of work. The Continuation of the locally b&sed community transport service which th¢ ¢harity delivers will remain our highe priority. We encourag¢ volunie¢rs to work in a rdnge of driving and 4dmini5tyative roles in conjundion with professional $taff. enablin8 US to provide our community with the highest POS5ible sthndards of affordable and acce%sibl¢ transport. FlnAnehl revltw Finonclal review 2021122 The a¢counts refle¢t our besr financial perfornion¢¢ for severnl years and support the Trusttts, aim of ¢nabling the charity to move towards a more sustainable lon8 term ture. which we consider esseniiai to meet the increasing d¢mand for comrnunity trans1 services In Haryow. Steady recovery from the downturn in revenue ¢awed by the pandemic has been accompanied by strict ¢osi control and rnana8ement of resources. which resulied in an improved opernting surplus, allowing an increase in funds carried forward.. These are used for ¢oniinuin8 re•investrn¢ni in the ¢ommunty Iranspoii activities which Bre the main purpose of the charity. Incoming r¢ww¢es increased by £77. Ik1164/0) compared with 2020r21, and resources expended increased by £26.] k {5.7V•), su[lIng in £70.4k being ¢aTried forward io the year 202213. up from £19.3k last year. The amount owing from aged debtorn h&8 decreased by £20k compared with I year. thgnks to close monitoring of outstandin8 invoi¢e$ and reduced delays in invoice palent p¢riods from the charity$ tsvo lar8est sources of income. Net funds have increased by 21•/o compared with 2020r21. and at £402,000 are at their highest level ftir a number of years. Thi5 will be helpful in movin8 towards lon8 tsrni expansion. lIst FYovidTn8 a mar8in to cov¢r possible unfores¢¢n ¢ir¢um5tances in the Financial reporting continues to be artivety monitored. with regular Teports of income and exp¢nditure to the Trusttts, and weekly cash flow analysi$ which is monitored by the Director. The charity 15 in relively good shape financially, &$ resources have become better utilised and more c105ely aligned with demand for our services. This wel¢om¢ improvement in the financial position ha5 been achi¢ved thanks to hard work by the Dire¢tor and stsff in responding quickly and flexibly to changes in shon requirements from organisations which the chartty serves. Our ieam also been pra¢live in sttking new revenue opportunities where Possible, including red¢ployTrent of resour5 released from downsized contracts. The Ttee$ would like io thank our $taff for this. and for prompt and awwate reportin& This has ensured timely action to maintain artd improve the companys r]nancial position. The outlook for financial ye•r 202213 is uncertain to the #onomic do and cuts in public expendinwe, but we are hopeful of achieving a positive year end rewh. Page 5
Harrow Communlty Transport (A company limited by guarantee) Report of the trustees (ineorporating the direetors, r¢port) for the year ended 31 March 2022 Ststement of trustees, responslbilities The trustees (who are also diredors of Harrow Community Tran5POrt for the Purpose of company law) are responsible for preparing the Trustees, Annual Repoff and the financial ststements in accordance with applicable law and United Kingdom Generally Acwted Ac¢ountin8 Practice. Comp8rty14w r¢quires the trustee8 to prepaT¢ financial staments f(Y each financial year whi¢h give a ttue and fair view of the stste of affairs of the charitsble ¢ompany and of the incoming resources and appli¢aiion of re50wces. including the income and expenditur¢. of the Charitsble compony for that period. In pr¢pwing these fina181 statements, the trustees are required to.. s¢l¢ct suiiable accounting poli¢s and apply them oyjsistently" observe the methods and prin¢iples in the applicable Cl)aritie5 SORP. make judgements ond esiimates that are reawnable and pnjdeni,. stst¢ whether applicable UK A¢¢ountin8 Standards have been followed. subjeci w any Tnaterial d¢pArtures discloged and explained in the financial statements: and prepar¢ the financial statements on the 8oin8 corKern knis unle55 it is inoppropriate to pre5urne that the charitable company will continue in OP¢rn¢ion. The trustees are responsible for keeping proper accounting records which dI10$e with reasonable a¢cura¢y at any time the financial position of th¢ charitable company and which enable them io ensure thai the financial statements ¢omply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢haritsble company and hence for taking reasonable steps for th¢ Veni10n and de*aion of (la1 and other irregularities. Small ¢OmPAny provlsloni This report has been prepared in XC0rda with the speciAI provisions for small companies under Part 15 of the Companies Act 2006. This report was apProd by the Board on 22 Novernber 2022 and si8rKd on ity behalf by G¢ranl Devlne Dlreetor e Bennett Dlrector Pay6
Harrow Community Transport (A company Ilmited by guarantee) Independent examiDer's report to tbe truste¢s on tbe unaudited f4¢11 statements of Harrow Community Transport. I report on the accounts of Harrow Community Transport for the ended 31 March 2022 out on pages 2 w 19. Respectlve responsibi]iti¢s of tThslees And ludependent examllltr The charitls Ste¢S (who are also the directors of the cornpat)y for purwbe5 of company law) are responsible for the preparation of the cOUnts. The trusttts colder lh an audit 15 not requir¢d for this year uThJer section 144{2) of the Charities Art 2011{the 2011 Act) and an independent examinati(YJ 15 needed. The charity is required by company law to prepare ac¢nd 8CeOUtJts ond l am qualified io utmtertake the examination by b¢ing a qualified member of the Instiwte of Charter¢d Accountsnts In England and Wales. Having satisfied myself that the chariry is subje¢t to audi¢ under company 14w and is eligible for independent examination, li is my responsibility to examine the accounts under seciion 145 of the Act. to follow th¢ procedure5 laid down in the general Direciions given by the Chariry Commission under section 145(5Xb) of the Ad,. and to state whether particular matters have com¢ io my attention. B•$lJ of Independellt ¢uminer's statement My examination w&8 ¢arried out in aecordanc¢ with the gener81 Directions given by the Charity Commission. An examinaiion include5 a review of the COuntin8 reord$ kept by the charity and a ¢ompari50n of the &¢¢ounts presented with those records. li also includes consideration of any unusual items or dix105ures in the accounts. and seeking explanations from you as trustees ¢oncemin8 any such matt¢rs. The FureS undertaken do not provide all the evid¢n¢e that would be required in an audii and consequently no opinion 1$ given as to whether the o¢¢ounts present a Irue and fair view, and the report is Itmited to those matters set out in the SIml below. Indepelldent eumlner's ststemtnt I have completed my examination. l omfirni that no mth¢rs have Come to my auention in connedion with the examination 8IVLng me cause to believe: AOUntIng records were not kept in resped of the charity as required by section 386 of the 2006 A¢ or th¢ financial 518tements do not accord with those records: or the financial sthtements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement thai th¢ a¢¢ounts Bive a and fairf vivw which is not a matyer wnsidered as part of an independent examination. or the financial stat¢mth15 have not b¢¢n prepared in accordance with the methods andprincipl of the Statement of Recommended Practice for wuntin8 and reporting by charities applicable to charities preparing their accounts in accordan¢¢ with the Finan¢ial Stsndard applicable in the UK and Republic of Ireland (FRS 102) I have no concerns and have ¢ome accniss no other matter5 in connection wrth the examinatii)n to which attention should be drawn in this report in order to enabl¢ a proper understsndin8 of the accoun¢s ¢0 be reached. David Weed¢D F.C.A. Independent tmIner Hamilton-Eddy & Co. Chartered Accountsnts 39 Tamworth Road Croydon CRO IXU tr: 22 November 2022 Page 7
Harrow Conununity Transport (A ¢ompany limlted by guArgntee) StAtement of financial activllles (iDcorporatlng the income and expenditure account) For the year end 31 Mareh 2022 Unrestrieted ReJtri¢tsd rundj 2022 Tot1 2021 Total Not¢s lllcoming re80llrees Incoming resources from generating fiuMIs.' Donation5 and grants Actiyilies for generniin8 funds Investment income Other inming resources Tot41 Incomlng rellr¢ 33,484 513,054 33,484 513.054 14,321 455.383 34 4,000 4,333 4,333 550,877 550,877 473,738 Re4ources expended Charithble a¢iivities Governan¢e ¢osts 468.395 1.500 10.544 478,939 1,500 453,186 1,200 Total r¢8ourc•8 expended 469,895 10,544 480.439 454.386 Net IneomlnyJ{outgoln8) r¢Jourtt8 for the year 80,982 (10.544) 70,438 19,352 Total funds brou8ht fonvard Totsl fundj crrl¢d forward 250297 81,365 331.662 312,310 331279 70.821 402,100 331.662 The stsiement of financial activities includes all gal and losses in the year and therefore a separate ststement of total reco8nised 8ains and 1085¢s has not been prepared. All of the above 4rnounts relate to conttnuing adivities. The notss on pges 12 to 19 fonn #M inte¥ral of these finn¢tsl sta¢ementL Page 8
Harrow Community Transport (A Company limited by guarAnte¢) Statement of fRnY4ncial position as at 31 March 2022 2022 2021 Notrj Fixed assets Tangible &ssets Currtllt assets Debtors Cash bank and in hand 14 118.126 81,461 15 96,921 205,962 117.039 158,896 302.883 275.935 Credlton: amounts falllng due wlthln one year 16 {18,909) (25.734) Net current Utts 283.974 250,201 Net Jsets 402,100 331,662 Funds Restricted income fimds Unrestri¢ied income fund$ 17 70.821 331279 81,365 250,297 Total tsndj 402.100 331.662 The Ststemeni of financial posi11c eoniinues on the following page. The notes on 2¢$ 12 to 19 form #n inrAI p•rt of tbese fiiiDei•l statement& Page 9
Harrow Community Transport (A company limited by guarnntee) Statement of fancIal position (continued) Trnstees statements required by the Companies Act 2006 for the year ended 31 March 2022 In approvin8 these finm¢i41 stateMts as tsvste¢s of the company we hereby ¢onfirni.' {a) that for the y¢8r sthted above the company entitled to the exemption confenrd by section 477 of the Companies Act 2006 . (b) that no notice has been depostied at the r¢8iswed office of the ¢ompany pursuant to se¢tion 476 of the Compani¢$ Act 2(K)6 requesting that an audit be ¢onducted for the year emded 31 March 2022. (c) that the direct¢)rs &knowled8e their respJnsibilitt¢s for complying with the requirements of the Aa with respect to the a¢countin8 records and the preparation of finwKiai ststrmenL8. These finan¢iai statements have been prepar1 in a¢¢ordan¢e with the provisions applicabk to comp1¢5 subject to the small companies. re8ime and in accordan¢¢ with FRS 102 ' Tr Financial Reporting Standard applicable in the UK and Republic of Irelgnd, The financi81 statements were approved by the board on 22 November 2022 and $i¢d on its beha]f by G¢rArd Devlttt Dlrector IA)ulse Bennett Tmrettor coMnY number: 05456550 Tbe no¢¢9 on pages 12 to 19 foni illteirl of these fin•D¢lil 8ttsmeDt& Pagt IQ
Harrow Communlty TrAn8POrt {A eompflny limited by guvdrantee) Cash flow statement for the year ended 31 MArch 2022 2022 2021 Nots5 Net incomin8 resources for the yeor Interest receivable Loss on disposal of fixed assets Depreciation and impairnient Decrease in debtors Decrease in creditor5 70,438 16) (333) 19,449 20,118 (6.825) 19.352 (34) 17,701 62,186 {19,378) N•t eash Inflow from operat1 attlvltl¢s 102,841 79,827 Returns on investments and s¢rvi¢ing of finonce Capital exltUre 21 21 34 (7,523) 155.781) Intrtas¢ In ¢•Jh ID the ye*r 47,066 72,338 Reconclllatlon of Det $b flow to movement In Del fwD 22 Incr¢4s¢ ¢ash In the year Net a¢ l Aprll 2021 Net fundg It 31 March 2022 47,066 158,896 72,338 80.558 205.962 158.896 Pagell
Harrow Community Transport (A company limited by guarantee) Notes to financial statements for Ihe year ended 31 March 2022 Genernl Inforniadon The company is a private company. limited by gurntK registered in En818nd. The address of the registered office is The Lge, 64 Pinner Ro&t H¥Trow. Middlesex. HAI 4HL Ststsment of compllgnce These financial statem¢nts have been Pared in Compli¢¢ with the provisions of FRS 102. Section l A, he Financial Reporting Stsndard applicable in the UK and Republic of Ireland,. A¢¢ountin8 polkkg The principal accounting policies ore $UnUn below. The accountin8 policies have been applied consistently throughout the year and th¢ PTecedin8 year. BaJlJ of Ae¢ounilni The financial staiements are prepared und¢r the hiOr1¢al cost conv¢ntion and in accordanc¢ with the Ststement of Recommended Practice 'A¢¢ounting and Reponing by Charities, {SOIiP 2015) and the Companies Act 2000. The financial ststetwils are prepared in sterlin& 1¢h is the fillKtional cumcy of the entity. 3.2. Ineomlng resources All incoming resources ar¢ Iluded in the Stement of financial activities when the charity is entitled to the income and the amount ¢an be quantified with reasonthle xcura¢y. The followin8 $pKifir policies are applied io partiiular ce80r]eS of incorne.. Voluntary in¢crfne 15 received by way of 8rant4 donaiions and 8ifts and is included in full in the statement of financial activities when receivable. GranLq where entitlemeni is not conditional on the delivery of a specific perfOrn by the ¢hurity, are recognixd when the ¢h&rity beMe5 unconditionalty entitled lo th¢ grant. DOned *rvices and fa¢ilities are included * the value to the Charity where this Can be quantified. The value of services provided by volunteers has Thx been included. Grants are recogniqed in full in the statement of financial acttviii¢s in the year in whi¢h they art receivable. In¢omc from investsnents 1$ included in the ye4r in which ti 1$ r#eiYable. 3.3. Regourcu expended Expenditure is recognised on an &ccrua]5 basis as a liability is incurred. Expendilure includes any VAT which caMt b¢ fully recovered. &ttd is rewyted as pfirt of the eXdItUre to whi¢h it relates. Charitable exlIVe compriw those costs incurred by the charity in the delivery of its xtiviti¢$ and services for its beneficiaries. It in¢lude5 both costs ¢an be allocated dir¢¢tly to such activitiw and those costs of an indirect nattLr¢ ne¢¢ssary to support th¢m. Page 12
Harrow Community Transport (A eompany limited by guarantee) Note8 to finaneial ststements for the year ended 31 March 2022 3.4. Tanglble fixed assets and d¢pre¢latlon Tangible fixed Lssets are staled at cost less ¥aUlad depreciation. Depreciation is provided 4t rates calculated to wriie off th¢ cost less residual valu¢ of exh asse( over IL% eXpted usefijl life. &4 follows.. Fixture4 fittings and equipment Motor vehi¢le5- new Motor vehicles- 2nd hand 25% reducing balance IIPA straight line Strdight line 3.5. Dellned eolltrlbutlon penslon sehemes The pensÈon costs charged in th¢ financial 5taternents represent the contrib10Th PAyable by the chartty durin8 the Donadonj And ir*nts Unrestrieted futhds 21122 TotAI 2021 Totthl Donations and Legacies Granis- BSC Grants- Harrow Coun¢il EHT 20.505 12,979 20,505 12,979 2,885 9,849 1,587 33.484 33.484 14.321 Athtles for 8¢neradDg fllnd$ Unrutrltted funds 2022 TotAI 2021 Total Group Transport Driver Seryice Membership Sub8¢riptions 451.754 61,160 451,754 61,160 140 429,360 26,008 513,054 513.054 455,383 Investment Income UDrestrict¢d funds 2022 Totsl 2021 Totsl Bk interest r¢eeiw4ble 34 34 Page 13
Harrow Community Transport (A company limited by guarante¢) Notes to financial statements for the year ended 31 March 2022 Other incomlng resources Unrestrleted fuMd• 2022 Total 2021 TotAI Gain on disposal of tangibk fixed assets Ernployers Allowan¢¢ 333 333 4.000 4,333 4,333 4,000 Costs of¢h*ritabk actfvltks Uirestricted Restrkted nds nd• 21122 Tot•1 2021 TotAI Salaries and Wa8es Employerfs NIC P¢rt$ion costs Subcontractor Office Rent Computer Expenses Bad Debts Advertising Insurance General Expenses Vehicle Runnin8 Costs Repairs & mainienance Travelling Expenses Consultsncy Fees Bookkeeping Training Telephon¢ Printing & Stationery Depreciation Subscriptions Professional aNI Legal fees 266,892 17.821 4.245 278 9,121 4,861 266,892 17,821 4,245 278 9.121 4.861 235.754 17,433 4,461 20,556 4,073 15.117 ,475 2.135 1,062 133,611 ,475 2,135 1,062 133,611 2,708 1,889 116,510 2.411 356 2,790 4,051 1,643 4.647 858 17,701 228 627 4,651 2.917 392 5,820 627 4,651 2.917 392 5.820 8,W5 547 10,544 19.449 547 1,904 468.395 10,544 478,939 453,186 14
Hamiw Communlty Transport (A Company limited by guarantee) Notes to fancial statements for the year ended 31 March 2022 Govern4n¢e costs Unrestri¢ted funds 2022 Tot*1 2021 Independen¢ Examiner fees iJoo 1.500 1.200 iJoo 1.500 1,200 io. Net ltteomln8 resources for the ytAr 2022 21121 Net incoming resources is stst¢d after ¢har8in81(¢r¢diing).' Depreciaiion and other amounts written off tsngible fixed ets Independent Examiner'5 remuneration and after creditin8'. Profit on disposal of tsngible rd 0$8ets 19,449 1,500 17,701 1,200 333 I l. Employees Employment ¢o$ts 2022 2021 Wagu and salaries Job Retention S¢heme re¢eipts So¢ial security costs Pension costs 293.421 (26.529) 17,821 4,245 325,466 (89,712) 17,433 4,461 288,958 257.648 No employee received emoluments of Te than £60.1 (2021 . None). l¥umber of employe Th¢ average n¥)nthly headcount of employxq during the ye4r. was as follows: 2022 Number 2021 Number Direct ch8ritsble work Management and administiation 19 21 22 24 Page 15
Harrow Community Transport (A company limited by guarantee) Notej to fmancial ststements for the y¢Ydr ended 31 MArch 2022 12. Penslon ¢o$ts The company operates a defined contribution pension scheme in re5PXt of the employees who need to be included in Auto Enrolment. The scheme and its assets are held by tndependent mana8ers. The pension charge represents ¢Ontribuuons due from the ¢4)mpatty and was &% follows: 2022 2021 Pension charge 4,245 4,461 13. TaxAtlon Th¢ charitys artiwties fall within th¢ exemptions afforded by th¢ provt$ions of the Income ond Corporation Taxes Acl 1988. Accordingly, there is no laxation charge in these accounts. Flxtsre 14. T4Dglble nx¢d sJets Motor v¢hlcle• ¢qulpme•t Total Cost At l April 2021 Additions Disposals Ai 31 Mar¢h 2022 18,925 930 128.846 55,351 (1,250) 147,771 56,281 (1.250) 19,855 182,947 202,802 Depreclatlo At l April 2021 Charge for the y¢Jr On disposals 11.018 2.211 55,292 17.238 (1.083) 66,310 19,449 (1.083) At 31 March 2022 13,229 71,447 84.676 Net b)ok valllej Ai 31 Mar¢h 2022 6.626 111,500 118.126 A¢31 Marth2021 7,907 73,554 81.461 Pge 16
Harrow Community Transport (A company limited by guarantee) Notes to financial Statements for th¢ year ended 31 Mareh 2022 15. DebtorJ 2022 2021 Trade debtors AccDJed income Prepayments 84,448 11,702 771 108,033 8,248 758 96,921 117.039 16. Credltor8: mounts fllln8 due wlthln one yeAr 21122 2021 Trade creditors Other tsxes and s141 ge¢urity Other credi15 A¢¢nlI 15.612 208 23,628 215 91 1.800 3,089 18,909 25.734 17. ADatyslJ of Att w¢ts b¢tweeD fvnds Unwtrkted Ratrlcted ftAndJ Total ndg Fund balances at 31 Mor¢h 2022 as repres by.. Tangible red assets cuent 8S5ets Current liabilities 66,284 283,904 (18.909) 51,842 18.979 118,126 302,883 (18.909) 331.279 70.821 402,1¢)0 Page 17
Harrow Community Transport (A eompany limited by guarantee) Notes to finaneial Statements for the year ended 31 MAreh 2022 18. Ullrntricted fvllds At l Aprll Incomlng Outgoing 2021 resouree8 T¢50ureeg At 31 March 2022 Gen¢ral Fund 250.297 546,877 (465.895) 331,279 250297 546.877 (465,895) 331,279 Puryb09es ofuDrestslrted lld$ The General Fund provides for the provision of head office services. Funding grants have been e1Ved from the London Borough of Hgtrow which ar¢ supplemented by Small surpluses on TransPQrt operalions. 19. Regtrlcted funds At l Aprll Imeomlng Out8oID8 2021 At 31 M#reh 2022 Dept for Transport. Greener Bus Fund 81,365 (10,544) 70,821 81.365 (10.544) 70,821 Purwej of restrl¢ted fund8 Dept for Trnnsport- Greener Bui Fund Governm¢ni funding to reduce nitrogen oxide emmissions and improve air quality. 20. Capltal eommltmeDts 2022 21121 Detsils of ¢apital commitsnents at th¢ accounting date are as follows: Contrathd for not provided in the financial statements 37,011 P*ge 18
Harrow Community Tran8POrt (A Company limited by guarantee) Note8 to financi81 $tatemeDts for the year ended 31 March 2022 21. Gross esh flows 2022 2(121 Retun on InVtMents Ind servklllg offiMnce Inwes¢ re¢eived 34 Capl¢AI expenditur¢ Payments to quire rangible L%S¢ts Receipts from 5ale5 of tangible assets (562811 300 (7.523) (55.781) (7.523) 22. AnAtysb ofchanges In Det funds Openlng balance Cash flow$ Clo$in8 bAlanee Cath ai bank and in hand 158,896 47.066 205,962 Net funds 158,896 47,066 205.902 23. Company limlted by iuArnttt HATrow Community TransFMIrt 1$ a MpanY lirnited by 8uarnnttt armj accoTdin8ly does have a shore capitsl. Every member of the ¢cthpany undertakes io contribute such amount rnay be required noi exceeding £10 to the a3seis of th¢ Charitable compgny in the eveni of its being wound up while he or she is a member, or within one year after he or sh¢ ¢eases to be a member. Page 19