Charity number: 1115080 Company number: 05456556
Harrow Community Transport (A company limited by guarantee)
Trustees' report and unaudited financial statements
for the year ended 31 March 2023
Harrow Community Transport (A company limited by guarantee)
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 6 |
| Independent examiners' report | 7 |
| Statement of financial activities | 8 |
| Statement of financial position | 9 - 10 |
| Notes to the financial statements | 11 - 17 |
Harrow Community Transport (A company limited by guarantee)
Legal and administrative information
Charity number 1115080 Company registration number 05456556 Registered office The Lodge 64 Pinner Road Harrow Middlesex HA1 4HZ Trustees Gladys Janes Louise Bennett Resigned 10/05/2023 Gerard Devine Chair Lesley Spence Zeba Arif Shailesh Patel Appointed 20/01/2023 John Quinn Georgia Weston Appointed 20/01/2023, Resigned 04/06/2023 Accountants Hamilton-Eddy & Co. Chartered Accountant 39 Tamworth Road Croydon Surrey CR0 1XU Bankers Santander Business Banking Centre 301 St Vincent Street Glasgow G2 5NT
Page 1
Harrow Community Transport (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2023
The trustees present their report and the financial statements for the year ended 31 March 2023. The trustees, who are also directors of Harrow Community Transport for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 19 May 2005 (as amended by special resolution dated 25 May 2006) and registered as a charity.
The Trustees, who also are the Management Committee and Directors of Harrow Community Transport [HCT] for the purposes of company law and who served during the year up to the date of this report are shown on page 1 of this report. The Trustees meet regularly (usually 6 times per year but more frequently if required) to manage the affairs of the company.
The trustees have complied with the duty in the Charities Act 2011 to have regard to the public benefit guidance published by the Charity Commision.
Trustees
During the year we were pleased to welcome Georgia Weston and Shailesh Patel as trustees. Both have been volunteer drivers with Harrow CT for several years and are able to offer practical and customer focused expertise in the company's activities, as well as being local residents with detailed knowledge of the Harrow community. Georgia was an independent councillor for four years and has extensive experience of government administration and involvement in disability rights and the Equality Act 2010, whilst before his recent retirement, Shailesh held senior posts in the financial services industry, specialising in information technology systems. Their experience and talents complement those of other board members and is warmly welcomed.
We were sorry to say goodbye to Louise Bennett, who gave six years of valuable service as a trustee and introduced the risk register process which has proved an important management tool. We wish Louise well in her continuing busy activities with other local charities. Georgia also resigned from the board when she became an employee of the company by joining our team of professional drivers, where her skills are much in demand.
Objectives and activities
The Charity's objectives and principal activities are the provision of non-profit community transport services in the London Borough of Harrow and its environs. The services are provided primarily for the use of individuals in specific need who by reason of age, mental or physical disability or poverty are unable to use or have difficulty in using public transport and for use by charitable organisations or for the charitable purposes of other voluntary organisations.
The company operates minibuses (including specially adapted vehicles) for the purposes outlined above and also recruits, trains, certifies and registers volunteer drivers and assistants.
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Harrow Community Transport (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2023
Achievements and performance
Governance
The trustees meet bi-monthly to manage the company's affairs. They monitor the company's performance as well as participating in the ongoing activities of Harrow Community Transport (Harrow CT), such as being volunteer drivers, users and promoters of the service and providing feedback on opportunities for the company to improve its performance and develop its activities in the charitable and voluntary sector. As well as ensuring that the company complies with all required policies, the trustees maintain a general overview of the activities of Harrow CT and regularly update a risk register which provides early warning of issues which may affect future performance and require mitigation measures. Trustees are also encouraged to apply their specialist knowledge and skills where appropriate and develop skills in new areas appropriate to their role as trustees, for example through courses such as those run by Voluntary Action Harrow. Trustees receive no payment of money or any other material benefit for their services to the charity. A weekly report on cash flow is produced by the Administrator and circulated to the Chair, Trustees and Operations Director. This also contains forward forecasts and provides a constant indicator of the financial health of the Company. Income/expenditure accounts are monitored bi-monthly by the Trustees, who at the same time are advised on financial performance and recommendations on financial transaction expenditure, including acquisition and disposal of vehicles and IT equipment.
Income and fleet deployment
Financial results show a disappointing deterioration from a surplus of £70,821 in 2021-22 to a deficit of £120,482 in 2022-23. The main cause was a reduction in income from two main sources - Harrow Council Special Educational Needs (SEN) transport, and NHS patient transport. The number of vehicles contracted to Council SEN transport routes has declined sharply since the Covid pandemic, reflecting a change in the balance of requirements from minibuses to taxis. From a peak of ten daily routes in 2019-20, Harrow Council reduced its daily requirement to only two routes for most of 2022-23. Due to reductions in overall funding and a review of its own operations, the Council's commitment to Harrow CT has shrunk to a ten year low.
Although NHS Patient transport had been expanding following the resumption of more normal workload post-Covid, this was suddenly reversed when the NHS North West London Integrated Care Board changed patient transport arrangements for appointments at local hospitals. This prevented GPs from booking Harrow CT for the majority of their home-to-hospital transport, which had been a growing source of income for Harrow CT in recent years. We are in discussion with NHS transport managers to establish a more stable contractual relationship which should reduce future instability of workload and restore some of the lost income. We invested during the year in a second brand new purpose-built minibus which is fully compliant with the latest standards for NHS patient transport. We hope to be able to resume its full deployment, otherwise it will be converted to standard minibus configuration for general use.
Our contract with NHS Royal Free Hospital Foundation Ttrust for older peoples' transport to Chase Farm and North Middlesex hospitals continued to work well during the year, as did deployment of three vehicles for school transport to independent schools in north and west London.
Income from the voluntary and community sector has improved, though still below pre-Covid levels and hampered by the availability of fewer volunteer drivers with D1 licence qualifications.
Our Wayfarers' Club continued to provide a range of day trips for much of the year, which was much appreciated. It is a popular way of enabling volunteer drivers to utilise vehicles for the benefit of Harrow residents who would otherwise suffer from social isolation and loneliness.
Reduction in fleet size to reflect lower activity levels was achieved by returning some leased vehicles, and selling one of our older owned vehicles, which were surplus to requirements. The inevitable time lag in doing this meant that reduction in revenue happened far more quickly than it was possible to reduce costs. This also applied to staff costs.
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Harrow Community Transport (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2023
Cost management
In addition to fleet downsizing, five staff had to be told their services were no longer required. This was sadly necessary in order to contain costs to ensure that the charity survives. Constant attention to the detail of costs, together with rapid responsiveness to changes in revenue earning opportunities, are being applied to ensure a return to a positive financial result. Economies of scale are being sought through co-operation in administrative and financial functions with other Community Transport organisations and this is likely to increase in future years.
Whilst further downsizing cannot be ruled out if this proves to be necessary to restore our financial position to an acceptable level, we are committed to maintaining and improving the successful Harrow CT model of supporting community activities by earning regular income from contracts in the health and education sectors in Harrow and elsewhere.
Community activities
During the year we continued to operate at least one minibus dedicated to community transport services rather than contract work, to the benefit of organisations and individuals in Harrow who need affordable and accessible transport. Additional vehicles are made available for the use of community groups such as the Scouts, churches and neighbourhood organisations when not engaged on revenue earning work. However our imperative is to return to surplus in order to generate enough funds to meet the demand for accessible transport for individuals and voluntary and charitable organisations in Harrow. In parallel with this, we need to recruit more volunteer drivers to meet the growing demand for trips. Regrettably it has not been possible to resume the Community Car Service which was suspended before the Covid lockdown due to a shortage of drivers (who use their own vehicles to offer lifts to those without access to any other form of transport). We are seeking ways of re-launching this important service whenever it becomes feasible.
Training and the regulatory environment
Operational training is done mainly through MiDAS (Minibus Driver Awareness Scheme), First Aid training and wheelchair handling courses, and we are grateful to Old Oak Training Ltd for the excellent service they provide for our staff. The Fleet Operator Recognition Scheme (FORS) is a voluntary accreditation scheme for fleet operators, which is essential to securing new contracts which are being sought by Harrow CT. Other training has been undertaken for Management CPC (Certificate of Professional Competence), MiDAS Driver Assessor training, various safeguarding courses, and the use of new systems for administrative functions. A training programme for trustees continues to be available, mainly through the facilities offered by Voluntary Action Harrow (VAH). For this and other activities, we are grateful for VAH's help and support.
We encourage volunteers to work in a range of driving and administrative roles in conjunction with professional staff, enabling us to provide our community with the highest possible standards of affordable and accessible transport.
Health and Safety
The company maintains a high level of commitment to health and safety and has measures in place to ensure that its policies are carried out in respect of staff, vehicles, administration and operating procedures.
Service delivery
Excellent service delivery is a key objective of Harrow CT, whose standards of customer service are highly regarded across the transport and health sectors. The responsiveness and flexibility of our small operations team, drivers and passenger assistants ensures that the integrity of day-to-day operations is maintained despite the challenges of worsening traffic congestion and the need for short notice changes in vehicle seating configurations to maximise the flexibility of the fleet.
Staff remuneration
Pay increases were awarded to staff, which recognised the effect of the rate of inflation prevailing during the year. We are now paying the London Living Wage to all staff
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Harrow Community Transport (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2023
Fundraising
We are grateful to Harrow and Pinner Lions for their regular fundraising activities on our behalf, and to Headstone Neighbours for their generous donation following a legacy. Their support helps us to continue our activities, thereby contributing to the health and well being of the isolated, lonely and disabled members of Harrow community.
Future outlook
Widening of our geographical area of operation to include other London boroughs, coupled with continuing rigorous cost control, will create a sustainable level of activity in order to help secure the company's long term future. The trustees' aim is to develop a diversified portfolio of contracts to ensure optimal financial and operational performance. Continuation of the locally based community transport service which the charity delivers will remain our highest priority.
Financial review
Financial review 2022/23
The accounts reflect a disappointing financial performance. Incoming resources decreased by £79.7k (14%) compared with 2021/22, and resources expended increased by £111.2k (23%). This resulted in a reduction to £281.6k in the amount being carried forward to the year 2023/24, compared with last year's figure of £402.1k. Notable changes include increased staff costs due to salary increases (16% in salaries, wages and employer's NIC); vehicle running costs (22%, mainly due to increased repair costs and higher fuel prices); and higher depreciation (74%, due mainly to the acquisition of one new and one second hand vehicle). The increase in professional and legal fees from £1.9k to £13.4k was due mainly to costs associated with work to change the charity's objects to allow a wider sphere of operations. The trustees believe these will be necessary to achieve future financial objectives, given the restrictive financial environment we have experienced in Harrow in recent years, and the changes are expected to come into effect during the 2023/24 financial year.
Finally we would like to thank the Director and staff for all their hard work against a financially challenging background, including some areas of shrinking resources. The outlook for the 2023/24 financial year is uncertain due to the economic downturn and cuts in public expenditure. The route to achieving surplus may prove to be slower than we would like, but we are determined to succeed. A number of community transport organisations have ceased trading in recent years, and we are determined that this will not happen in Harrow.
Statement of trustees' responsibilities
The trustees (who are also directors of Harrow Community Transport for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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Harrow Community Transport (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2023
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
This report was approved by the Board on 12 December 2023 and signed on its behalf by
Gerard Devine Director
Gladys Janes Director
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Harrow Community Transport (A company limited by guarantee)
Independent examiner's report to the trustees on the unaudited financial statements of Harrow Community Transport.
I report on the accounts of Harrow Community Transport for the year ended 31 March 2023 set out on pages 2 to 17.
Respective responsibilities of trustees and independent examiner
The charity's trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to examine the accounts under section 145 of the Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting 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
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the financial statements have not been prepared in accordance with the methods andprinciples 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 accross no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
........................................................... David Weeden Date: 12 December 2023 F.C.A. Independent examiner Hamilton-Eddy & Co. Chartered Accountants 39 Tamworth Road Croydon CR0 1XU
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Harrow Community Transport
(A company limited by guarantee)
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 March 2023
| Unrestricted Restricted funds funds Notes £ £ Incoming resources Incoming resources from generating funds: Donations and grants 4 12,632 - Activities for generating funds 5 453,435 - Investment income 6 104 - Other incoming resources 7 5,000 - Total incoming resources 471,171 - Resources expended Charitable activities 8 579,359 10,544 Governance costs 9 1,750 - Total resources expended 581,109 10,544 Net incoming/(outgoing) resources for the year ) (109,938 ) (10,544 Total funds brought forward 331,279 70,821 Total funds carried forward 221,341 60,277 |
2023 Total £ 12,632 453,435 104 5,000 471,171 589,903 1,750 591,653 ) (120,482 402,100 281,618 |
2022 Total £ 33,484 513,054 6 4,333 |
|---|---|---|
| 550,877 | ||
| 478,939 1,500 |
||
| 480,439 | ||
| 70,438 331,662 |
||
| 402,100 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 11 to 17 form an integral part of these financial statements.
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Harrow Community Transport (A company limited by guarantee)
Statement of financial position as at 31 March 2023
| Notes Fixed assets Tangible assets 14 Current assets Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Net assets Funds 17 Restricted income funds Unrestricted income funds Total funds |
2023 £ £ 145,453 104,413 67,882 172,295 ) (36,130 136,165 281,618 60,277 221,341 281,618 |
2022 £ £ 118,126 96,921 205,962 302,883 ) (18,909 283,974 402,100 70,821 331,279 402,100 |
2022 £ £ 118,126 96,921 205,962 302,883 ) (18,909 283,974 402,100 70,821 331,279 402,100 |
|---|---|---|---|
| 402,100 | |||
| 70,821 331,279 |
|||
| 402,100 |
The Statement of financial position continues on the following page.
The notes on pages 11 to 17 form an integral part of these financial statements.
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Harrow Community Transport (A company limited by guarantee)
Statement of financial position (continued)
Trustees statements required by the Companies Act 2006 for the year ended 31 March 2023
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2023.
(c) that the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to the accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland'
The financial statements were approved by the board on 12 December 2023 and signed on its behalf by
Gerard Devine Gladys Janes Director Director
Company number: 05456556
The notes on pages 11 to 17 form an integral part of these financial statements.
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Harrow Community Transport (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
1. General Information
The company is a private company, limited by guarantee, registered in England. The address of the registered office is The Lodge, 64 Pinner Road, Harrow, Middlesex, HA1 4HZ.
2. Statement of compliance
These financial statements have been pepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
3.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' (SORP 2015) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity.
3.2. Going concern
There are no material uncertainties about the charity's ability to continue.
3.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Grants are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
3.4. Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Harrow Community Transport (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
3.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 25% reducing balance Motor vehicles - new - 10% straight line Motor vehicles - 2nd hand - 20% straight line
3.6. Defined contribution pension schemes
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
4. Donations and grants
| Unrestricted funds £ Donations and Legacies 1,880 Grants - BSOG 10,752 12,632 |
2023 Total £ 1,880 10,752 12,632 |
2022 Total £ 20,505 12,979 |
|---|---|---|
| 33,484 |
5. Activities for generating funds
| Unrestricted funds £ Group Transport 376,255 Driver Service 66,218 Membership Subscriptions 336 Management Recharges 10,626 453,435 |
2023 Total £ 376,255 66,218 336 10,626 453,435 |
2022 Total £ 451,754 61,160 140 - |
|---|---|---|
| 513,054 |
6. Investment income
| Unrestricted funds £ Bank interest receivable 104 104 |
2023 Total £ 104 104 |
2022 Total £ 6 |
|---|---|---|
| 6 |
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Harrow Community Transport (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
7. Other incoming resources
| Other incoming resources | ||
|---|---|---|
| Unrestricted funds £ Gain on disposal of tangible fixed assets - Employers Allowance 5,000 5,000 |
2023 Total £ - 5,000 5,000 |
2022 Total £ 333 4,000 |
| 4,333 |
8. Costs of charitable activities
| Costs of charitable activities | ||
|---|---|---|
| Unrestricted Restricted funds funds £ £ Salaries and Wages 306,497 - Employer's NIC 23,664 - Pension costs 4,978 - Subcontractor 342 - Office Rent 10,003 - Computer Expenses 5,366 - Bad Debts ) (59 - Advertising 24 - Insurance 2,223 - General Expenses 6,852 - Vehicle Running Costs 163,372 - Repairs & maintenance 74 - Travelling Expenses 672 - Consultancy Fees 7,599 - Bookkeeping 2,380 - Training 333 - Telephone 5,912 - Printing & Stationery 1,846 - Volunteer Support 75 - Depreciation 23,312 10,544 Subscriptions 536 - Professional and Legal fees 13,358 - 579,359 10,544 |
2023 Total £ 306,497 23,664 4,978 342 10,003 5,366 ) (59 24 2,223 6,852 163,372 74 672 7,599 2,380 333 5,912 1,846 75 33,856 536 13,358 589,903 |
2022 Total £ 266,892 17,821 4,245 278 9,121 4,861 - 1,475 2,135 1,062 133,611 - 627 4,651 2,917 392 5,820 1,131 - 19,449 547 1,904 |
| 478,939 |
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Harrow Community Transport (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
| 9. Governance costs Unrestricted funds £ Independent Examiner fees 1,750 1,750 10. Net (outgoing)/incoming resources for the year Net (outgoing)/incoming resources is stated after charging/(credting): Depreciation and other amounts written off tangible fixed assets Independent Examiner's remuneration and after crediting: Profit on disposal of tangible fixed assets 11. Employees Employment costs Wages and salaries Job Retention Scheme receipts Social security costs Pension costs |
2023 Total £ 1,750 1,750 2023 £ 33,856 1,750 - 2023 £ 306,497 - 23,664 4,978 335,139 |
2022 Total £ 1,500 1,500 2022 £ 19,449 1,500 333 2022 £ 293,421 ) (26,529 17,821 4,245 |
|
|---|---|---|---|
| 288,958 |
No employee received emoluments of more than £60,000 (2022 : None).
Number of employees
The average monthly headcount of employees during the year, was as follows:
Direct charitable work Management and administration |
2023 Number 14 3 17 |
2022 Number 19 3 |
|---|---|---|
| 22 |
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Harrow Community Transport (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
12. Pension costs
The company operates a defined contribution pension scheme in respect of the employees who need to be included in Auto Enrolment. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and was as follows:
Pension charge
| 2023 | 2022 |
|---|---|
| £ | £ |
| 4,978 | 4,245 |
13. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
| Fixtures, Tangible fixed assets fittings and equipment £ Cost At 1 April 2022 19,855 Additions 300 At 31 March 2023 20,155 Depreciation At 1 April 2022 13,229 Charge for the year 1,735 At 31 March 2023 14,964 Net book values At 31 March 2023 5,191 At 31 March 2022 6,626 |
Motor vehicles £ 182,947 60,883 243,830 71,447 32,121 103,568 140,262 111,500 |
Total £ 202,802 61,183 |
|---|---|---|
| 263,985 | ||
| 84,676 33,856 |
||
| 118,532 | ||
| 145,453 | ||
| 118,126 |
14. Tangible fixed assets
15. Debtors
| Trade debtors Other debtors Accrued income Prepayments |
2023 £ 96,623 1,516 5,601 673 104,413 |
2022 £ 84,448 - 11,702 771 96,921 |
|---|---|---|
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Harrow Community Transport (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
| 16. Creditors: amounts falling due within one year Trade creditors Other taxes and social security Accruals |
2023 £ 20,105 - 16,025 36,130 |
2022 £ 15,612 208 3,089 18,909 |
|---|---|---|
17. Analysis of net assets between funds
| Analysis of net assets between funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||
| funds | funds | ||||||||
| £ | £ | £ | |||||||
| Fund balances at 31 March 2023 as represented by: | |||||||||
| Tangible fixed assets | 104,155 | 41,298 | 145,453 | ||||||
| Current assets | 153,316 | 18,979 | 172,295 | ||||||
| Current liabilities | ) (36,130 - |
(36,130 | ) | ||||||
| 221,341 | 60,277 | 281,618 | |||||||
| Unrestricted funds | At | At | |||||||
| 1 April | Incoming | Outgoing | 31 March | ||||||
| 2022 | resources | resources | 2023 | ||||||
| £ | £ | £ | £ | ||||||
| General Fund | 331,279 | 471,171 | ) (581,109 |
221,341 | |||||
| 331,279 | 471,171 | ) (581,109 |
221,341 |
18. Unrestricted funds
Purposes of unrestricted funds
The General Fund provides for the provision of head office services. Funding grants have been received from the London Borough of Harrow which are supplemented by small surpluses on Transport operations.
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Harrow Community Transport (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2023
| 19. Restricted funds Dept for Transport - Greener Bus Fund |
At At 1 April Incoming Outgoing 31 March 2022 resources resources 2023 £ £ £ £ 70,821 - ) (10,544 60,277 70,821 - ) (10,544 60,277 |
At At 1 April Incoming Outgoing 31 March 2022 resources resources 2023 £ £ £ £ 70,821 - ) (10,544 60,277 70,821 - ) (10,544 60,277 |
|---|---|---|
| 60,277 |
Purposes of restricted funds
Dept for Transport - Greener Bus Fund
Government funding to reduce nitrogen oxide emmissions and improve air quality.
20. Capital commitments
| Capital commitments | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Details of capital commitments at the | ||
| accounting date are as follows: | ||
| Contracted for but not provided in | ||
| the financial statements | - | 37,011 |
21. Company limited by guarantee
Harrow Community Transport is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
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