Charity number: 1115080 Company number: 05456556 HAMILTON-EDDY&Co Ch•rt•r•d A¢Muntsnt D W Wo•d•n FG4 39Tamworth Ro8d, Croydon, SunBy CRO 1XU T•., 020 8688 9264 F•,'L 020 8688 5292 ill d8vld@h8mlbnaldy.co.uk wv)YJ.hamllton4ddy.Clkuk Harrow Community Transport (A compan), limited by guarantee) Trustees, report and unaudited financial statements for the year ended 31 Mareh 2025 Regulated for a range of Investrn burESS tho In#e of Charter&Y Accountants In England and WdeB. ICAEW CHARTERED AcrniiwTANr%
Harrow Community Transport (A eompany limited by guarantee) Contents Page Ixgal and administrative inforniation Trustees, report Independent examiners, report Statement of financial activities Statement of financial position Notes to the financial statements 10-16
Harroiv Community Transport (A company limited by guarantee) Legal and administrative information Charlty number 1115080 Company registration number 05456556 Registered office The LodLye 64 Pinnei. Road Harrow Middlesex HAI 4H/ Trustees Gladys Janes Gerard Devin¢ Lesley Si)ence 7.eba Arif Shailcsh Patel lary Dent John Quinn Chair Resigned 0711112025 Resigned 0711112025 Accountants Hamilton-F.ddy & Co. Chartereil Accountaiit 39 '1'amM'orth Road Croydon Surrey CRO IXIJ Bankers Santander Business Banking Centre 301 St Vincent Street Glasgow G2 5NT Page I
Harroiv Community Transport (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 The trust¢es present their report and the financial stat.ements for the year ended 31 March 2025. The trustees, who are also directors of Halrow Community Transport for thf.. purposes of company law and who served during the year and up to the date of this report are set out on page l. Structiirel governance and management The organisation is a chaTltable company limited by guarantee. incorporated on 19 May 2005 (as amended by special resolution dated 25 May 2006) and registered 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 )'ear up to the date of this report arc shown on page l of this report. The Trustees meet regularly (usually 6 time4 per year but more frequently if required) to manage the affairs of the company. The trustees have complied with the duty in the Cliarities Act 2011 to have regard to the public benefit guidance published by the Charity Coininision. Objectives and activities The Charity's objects are to provide relief (including through provision of a community transport service), for those who live or Work in Harrow and other London Boroughs, who are in need because of age, sickness or disability (mental or physical) or poverty or a lack of availability of adequate and safe public transport services. The company operates minibuses (including specially adapted vehicles) for the purposes outlined above and a150 recruits, trains. certifies and registers volunteer drivers and assistants. Achlevements and perforniance The irustecs meet at least every two months to manage the company's affairs. They monitor the compangs perfonnance as well as participating in the ongoing activities of IlaiTOW Community Transport (Flarrow CT), for example as volunteer drivers. users and promoters of the service and proi'iding feedback on opportunities for the company to improve its perfonnance and develop its activities in the charitable and voluntary sector. As well as ensuring that the company complies with all required policies, the trustee% maintain a general overview of the activities of FlatTOW CT and regularly update a risk register which provides early warning of issues which may affect future perfomance and r¢quire mitigation measur¢s. Trustees are also encouraged to apply their specialist knowledge and skills where appropriate and develop skills in new areas relevant to their role as Irustees, for example through courses run by Voluntsry Action Harrow. Trustees receive no payment of money or tiny othLr malcrial benefit for their services to the charity. Day-to-day operations are manag¢d by Chief Executive Alan Voda. who is an employee of the company, and is assisted by a full time Administrator and one part time staff member. Tliis team of three is supported by one or two part time volunteers as necessary. A weekly report on cash flow is produced by the Administrator and circulated to the Chair, Trustees and Operations Director. A monthly report contains forward forecasts and provides a useful indicator of the financial health of the Company. Incom¢/¢xpcnditure accounts are mi)nitored at least evcry two months. or more often if necessary, by the Trustees, who at the same time are advised on financial p¢rforniance and recommendations on financial transaction expenditure, including acquisition and disposal of vehicles and IT equipment. Pa%e 2
Harrow Community Transport (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Income andfleei deploymenl Financial results show a deficit of £23,898. This is an improvement from the 2023-24 deficit of £38,282 and is a continuation of a trend of reducing defictts over the past three years. However. the company has not yet returned to a positive financial result and this is our main priority for the 2025-26 financial year. The figure reflects continuing growth in income from pati¢nt transport activities on behalf of NHS North Wesi London Integrated Care Board, though the potential for patient transport services in HaoW is limitrd. as HCT does not have access to local hospitals IT] the London North West Hospitals University NHS Trust. However. a separate contract with the Royal Free London NHS Foundation TrusL for older peoples, transport to hospitals in North London is working well. Income from Harrow Council's Special Educational Needs transport continued at a lower level than in previous years. requiring just two vehicles. each with a driver and passenger assistant. Two vehicles and drivers were deployed on transport to ind¢pendent schools. During the year agreement was reached with the 11am)w based Tanglewood Club to support them in the acquisition and maintenance of two almost new minibuses. which will be used to augment HCT'S fleet when not required by Tanglewood members. Benefits of flexible fleet deployment were also gained from HCT'5 parthership with Croydon Accessible Transport. C.'oNt management Constant attention to the detail of costs, togetTrier with rapid responsiveness to changes in revenu¢ earning opportunities, is being applied to ensure a return to a positive financial result. Economies of scale ar¢ being sought through co-operation in administrative and financial fiinctions with othcr Community Transport organisations and in particular, Croydon Accessible Transport (CAT), of which HCT is the sole member. Both companies are managed by a single CEO. which enables both organisations to be niore coqt effective and gives improved scope for return to surplus. C(Jmmiinili' uclivities Income from the voluntary and community sector is still below pre-covid levels and continues to be hampered by the availability of fewer volunteer drivers with D I licencc: qualifications. I'his is being addressed by a plan to replace older, heavier minibuses (some of which which have a temporary cxemption from ULEZ charges until September 2027) with new. lighter and more fuel-efficient vehicles of similar capacity. These can be driven by drivers who do not need to have a DI requirem¢nl, though we continue to insisl on MIDAS qualifications for all Ilarrow CT minibus drivers. A minimum of one minibus is dedicated to community traiisport services rather than contract work, and through the agreement with the Tanglewood Club (see above). HCT now has greater flexibility to guarantee this. Additional vehicles are made available for the use of community groups such ihe Scouts, churches and neighbourhood organisations, when not engaged on revenue earning work. However our imperative is to return lo surplus in order to generate enough funds to meet the demand for accessible transport for individuals and voluntary and charitable organisAtion5 in Harrow. In parallel with this, we are tskin8 Steps to recruiE more N'olunteer drivers to meet the demand for trips by these groups. The Harrow CT Wayfarers Club offers an opportunity for members to enjoy day or half day trips to tourist attractions. enabling volunteer drivers to utilise spare vehicle time for the benefit of Harrow residents who would otherwise suffer from social isolation and loneliness. Training and the regulatory ewironmenl 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. 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 orateful for VAH's help and support. W¢ cOurage 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. Healih and.Safety The company maintain5 the highest level of commitmLnt to health and safety and has measures in place to ensure that its policies are cal¢d out in respect of staff. VLhicl¢s. administration and operating procedures. Health and Saf¢ty is a standing item for all trustees, meetings. Page 3
Harrow Community Transport (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the yeAr ended 31 March 2025 Service deliver), Excellent service delivery is a key objective Df HaOW CT. whose standards of customer service are highly regarded across the transport and health sector5. The responsiveness and flexibility of our small operations team, drivers and passenger assistants ensures that the integrity of day-towday operations is maintained despite the challenges of worsening traific congestion and the need for short notice changes in vehtcle seattng configurations to maximise the flexibility of the fleet. .Siaffremunerulion Pay increases were awarded to staff, which recognised the effect of the rate of intlation prevailing during the year. We continue our commith]ent to pay the London L.iving W'age to all staff. Fiindraisin We are grateful to Harrow and Pinner Lions fi)r their regular fundraising activilies on our behalf. Their support helps u$ to continue our activities, thereby contributing to the Iiealth and well being of the isolated. lonely and disabled members of Harrow community. Fulurg outloi)k The company's aim is to develop a diversified portfolio of contracts to ensure optimal financial and operational perfonnance. Continuation of the locally based community transport service which the charity delivers will remain our highest priority. FIDVdDCi¥41 revfjew Financial review ?024125 The 2024125 accounts reflect a financial perfoiThance which shows soine progress in c05t and deficit reduction. Incoming resources incr¢a5ed very slightly compared with 2023124, whilsl resources expended decreased by £6.1 k (1.40/0). This resultsd in a reduction of £30.9k in the amount being carried forward to the year 2025126, which totals £212.5k, compared with last year's figure of £243.3k. 'fhere w'er¢ slight reductions in staff costs (40/0), due to a lower level of activity, and legal costs (-£9k) compared with last year which includcd the residue of the Cost of the merger with Croydon Accessible Transport. The outlook for the 202516 financial year is uncertain due to the economic downturn and cuts in publi¢ expenditure. Whilst we are moving slowly towards achieving a surplus. progress continues to be slower than we would like, but we are deterniined to succeed. Finally. we would like to thank the staff, e¥peciallv the Chief Executive, his sUPPOrt team. our drivers, passenger assistants, and volunteers for their resilien¢e and hard work. This is a hallmark of the Community Transport sector, especially in Harrow. Page 4
Harrow Community Tranyport (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Statement of trnstees, responsfiblllties The trustees (who are also directors of Harrow Comniunity Transport for the purpose of company law) are responsible for preparing the Truste¢s' Annual Report arid the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting PraLtice. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stats of affairs of the charitable companv and of the incoming resources and application of resources. including the income and expenditure, of the charitable coiiipany f()r that period. In preparing these financtal stat¢m¢nts. the trustees are required to.. select suitabl¢ accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP: make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standardi have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for kecping proper accounting r¢rords which disclose with reasonable ac¢ura¢y at any time th¢ financial position of the charitable company and which enable them to ensure thai the financial statements comply with the Companies Act 2006. They are also r¢:sponsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the pr¢v¢ntion 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 l December 2025 and signed on its behalf by Devine Director Cladys Janes Dlrector Pag¢ 5
Harrow Community Transport (A Company limited by guarantee) Independent examiner's report to the trustees on the unaudited financial statements of Harrojv Community Transport. I report on the accounts of Harrow Communit), Transport for the year ended 31 March 2025 set out on pages 2 to 16. Respective responsAbilitles of trustees and indepeDdent examlner The charity's tSteeS (who also the directors of the company for PUTP05¢S of company law) are responsible for the preparation of the accounts. The trustees consider thal an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 l Act) and that an indepenclent examination is needed. The charity is required by company law to prepare accrued accounts and l am qualified to undertake th¢ examination by being a qualified member of the Institut¢ of Chartered Accountants in England and Wal¢5. 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 Ci)mmission under section 145(5)(bj of the Act. and to state whether particular matters have come to my attention. Basls of Independent examlner's stAtement My examination was carried out in accordai)ce with the general Directions given by the Charity Commission. examination includes a review of the accounting recoi'ds 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 explanaiions from you as trustees concerning any such Inatlers. 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 to1hos¢ miitters sel out in Ihc statement below. IDdependent examlner's statement I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe.. Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records; or the financial sLqtements do not comi)ly with the accouniing requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and faiv view which is nol a matter considered as part of an independent examination. or the financial statements have not been prepiired in accordance with the methods andprinciples of the Statement of Recommended Practice for accounting ajid reporting by charities applicablc 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 a¢cross no other matters in connection with the examination to which attention should be drawn in this report in order to enabl¢ a proper understanding of the accounts to be reached. David WeedeD F.C.A. Independent examiner Hamilton-Eddy & Co, Chartered Accountants 39 Tarnworth Road Croydon CRO IXU Date: l December 2025 Page 6
Harrow Community Transport (A company limited by guarantee) Statement of financial activities (inci)rporating the income and expenditure Ydccount) For the year ended 31 March 2025 Unrestricted Restricted nds funds 2025 Total 2024 Total Notes Incoming resources Incoming resources from generating funds: Donations and grants Activities for gen¢rating funds Investment income Other incoming resources 19,420 409,354 590 14,000 19,420 409,354 590 14,000 15.042 418.695 499 8,550 Total fjncomlng re80uree8 443,364 443,364 442,786 Resources expended Charitable activities Governance costs 461,638 2.060 10,544 472,182 2,060 478,968 2,100 Totsl re$ource8 expended 463,698 10,544 474,242 481,068 Net Incomlngl(outgofing) rejoureeg for the year (20,334) (10,544) (30,878) (38,282) Total funds brought fonvard 193,603 49,733 243,336 281,618 Total funds carrled forward 173,269 39,189 212,458 243,336 The statement of financial activities includes all gains and losses Tn the year and therefore a separate statement of total recognised gains and losses ha5 not been prepared. All of the above amounts relate to continuin8 activitie%. The notes on pages 10 to 16 form an integral part of these financlal statements. Page 7
Harrow Community Transport (A company limited by guarantee) Statement of financial position as at 31 March 2025 2025 2024 Note5 Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 14 105,531 112,822 15 67.569 88,887 91,427 78,276 156,456 169,703 Credltors: amounts falllng due within One yeAr 16 (49,529) (39,189) Net eurrent assets 106,927 130,514 Net assets 212,458 243.336 Funds Restricted income funds Unrestricted income funds 17 39,189 173,269 49,733 193.603 Total funds 212.458 243,336 The Ststement of financial position continues on the following page. The notes on pages 10 to 16 form an integral part of these financial ststements. Pgge 8
Harrow Community Transport (A company limited by guarantee) Statement of financial position (continued) Trustees stfdternents required by the Companies Act 2006 for the year ended 31 March 2025 In approving these financial statements as trustees of tlie company we hereby confiml: (a) that for the year stated above the company was enl.itled to the exemption confeed by section 477 of the Companies Act 2006 ' (b) that no notice h&s been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducte(I for the year ended 31 March 2025. (c) that the d1CtorS acknowledge their responsibilitlLS for complying with the requirements of the Act with respect to the accounting records and the preparation of linancial statements. These financial statements have been prepared in acc()rdance with the provisions applicable to companies subject to the small companies, regim¢ and in a¢¢ordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, Th¢ financial statements were approved by the board on l December 2025 and signed on its behalf by Gerard Devine Dlrector C.ladys Janes Dlreetor Company number: 05456556 The notes on pages 10 to 16 form an Integral part of these financlal stat¢ments. P2ge 9
Harrow Community Transport (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 General Inforniation 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. HA14HZ. Ststement of compllance These financial statements have been pepared in compliance with the provisions of FRS 102, Section l A, 'The Financial Reporting Standard applicable in the UK and Republic of Ir¢land'. Accounting pollcfjes The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. Basis of aceounting The financial statements are prepared under tlie historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities, (SORP 2015) and the Companies A¢t 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 aboul the charitys ability to continue. 3.3. Incomlng resourees 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. Granls where entitlement is not conditional on the delivery of a specific perforniance by the charity, are recogn ised whLn 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 iiicluded. Grants are recognised in full in the ststement 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 Expenditur¢ is recognised OTJ an accnials basis as a liability is incurred. Expenditure includes any VAT which cannot be fully iecov¢r¢d. and is reporL¢d as part of the expenditure to which it relates. Charitabl¢ 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. Page 10
Harroiv Community Transport (A eompany limited by guarantee) Notes to financial stAtements for the year ended 31 March 2025 3.5. Tangible fixed assets aDd depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual valu¢ of each asset over its expected useful life, 85 follows: Fixtures, fittings and equipment Motor vehicles - new Motor vehicles - 2nd hand 25 % reducing balance l O % straight line 200/0 straight line 3.6. Deflned CODtrfbution pension schemes The pension costs charged in the financial statemenls represent the contribution payable by the charity during the year. DoDatlons and grants Unrestricted funds 2025 Total 2024 Total Donations and Legacies Grants- BSOG 12,110 7,310 12,110 7,310 5,984 9,058 19,420 19,420 15,042 Aciivltles for generatfjng funds Unrestricted funds 2025 Total 2024 Total Fundraising events Group Transport Driver Service Membership Subscriptions Management Recharges 537 357,502 45,875 1,184 13,597 344,158 47,007 1,146 17.043 344,158 47,007 ,146 17,043 409,354 409,354 418.695 Investment income Unrestrieted funds 2025 Total 2024 Total Bank interest receivable 590 590 499 590 590 499 Pagell
Harrow Community Transport (A company lin)ited by guarantee) Notes to financial statements for the year ended 31 March 2025 Other Incoming resourees Unrestrleted fund$ 2025 Total 2024 Total Gain on disposal of tangible fixed assets Employers Allowance 9.000 5,000 9,000 5,000 3,550 5,000 14.000 14,000 ,550 Costs of charltable actlvltles Unrestrieted Restricted funds funds 2025 Total 2024 Total Salaries and Wages Employees NIC P¢nsion costs Subcontractor Office Rent Computer Expenses Bad Debts Advertising Insurance Gencral Expenses Vehicle Running Costs Travelling Expenses Consultancy Fees Bookkeeping Training Telephone Printing & Stationery D¢preciation Subscriptions Pr()fessioTJal and t£gal fees 262,629 20,744 4,240 1,422 8.073 5.401 262,629 20,744 4,240 11,422 8,073 5,401 274,328 21,910 4,630 7,294 4,603 2.295 4,229 104,664 342 3.433 ,643 240 6,027 880 24.533 838 2,295 4,229 104,664 342 3,433 1,643 240 6,027 880 35,077 838 2,176 2,586 104,570 283 2,340 2,153 450 7,205 1.360 33,048 937 9.085 10,544 461.638 10,544 472,182 478,968 Governance costs Unrestrieted funds 2025 Total 2024 Total Independent Examiner fees 2,060 2,060 2,100 2,060 2,060 2,100 Page 12
Harrow Community Transport (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 10. Net outgoing resources for the year 2025 2024 Net outgoing resources 15 ststed after chargin&'(credting).' Depreciation and other amounts writteii off tangible fixed assets Independent Examiner's remuneration and after crediting.. Profit on disposal of tangible fixed assets 35,077 2,060 33,048 2,100 9,000 3.550 11. Employees Employment costs 2025 2024 Wages and salaries Social security costs Pension costs 262.629 20,744 4,240 274,328 21,910 4,630 287,613 300.868 No employee received emoluments of Inore thiin £60,000 (2024 None). Number of employees The average monthly headcount of emi)loyees during the year. was as follows.. 2025 Number 2024 Number Direct charitabl¢ work Management and administration io 13 14 12. PeDsion costs The company operates a defined contribution pension scheme in respect of the employees who need to be included in Auto Enrolment. The sche.me and its assets are h¢ld by independent managers. The pension charge represents contributions due from the compan). and was as follows.. 2025 2024 Pension charge 4240 4,630 Page 13
Harrow Community Transport (A cornpany limited by guarantee) Notes to financial statements for the year ended 31 March 2025 13. Taxallon The charitys activities fall within the exemption5 afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. Fixture rittlngs and equipment 14. Tanglble fixed assets Motor vehicles Total Cost At l April 2024 Additions Disposals 20.572 1.286 (4,706) 234,830 26,500 (1,083) 255,402 27,786 (5,789) At 31 March 2025 17,152 260,247 277,399 Deprecfiatlon At l April 2024 Charge for the year On disposals 16,369 1.516 (4,706) 126,211 33,561 (1,083) 142,580 35,077 (5,789) At 31 March 2025 13,179 158,689 171,868 Net book v*lueJ At 31 March 2025 3,973 101,558 105,531 At 31 March 2024 4.203 108,619 112,822 Is. Debtors 2025 2024 Trade debtors Other debtors Accrued income Prepayments 60,728 2,142 3,541 1,158 70,170 358 4,511 16,388 67,569 91,427 Page 14
Harrow Community Transport (A eompany limited by guarantee) Notes to financial statements for the year ended 31 March 2025 16. Credfitors: amounts falllng due within one year 2025 2024 Trade creditors Other Creditors AcCa]S 18,138 775 30,616 19,215 19,974 49,529 39,189 17. Analysls of net assets between fuiids Unrestricted Rejtrlcted funds Total funds Fund balances at 31 March 2025 as represented by., Tangible fixed assets Current assets Current liabilities 85.321 137,477 (45,529) 20,210 18,979 105,531 156,456 (45,529) 177.269 39,189 216.458 18. Unrestrlcted funds At l Aprll Incoming Outgolng 2024 resources regources At 31 Mareh 2025 General Fund 193,603 443,364 (463,698) 173,269 193.603 443.364 (463,698) 173,269 Purposes of unrestrlcted 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 supi)lemented by small surpluses on Transport operations. Page IS
Harrow Community Transport (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 19. Restricted funds Al l April Incoming Outgoftng 2024 resourees resourees At 31 March 2025 Dept for Transport- Greener Bus Fund 49.733 (10,544) 39,189 49,733 (10,544) 39,189 Purposes of restricted funds Dept for Transport- Gr¢ener Bus Fund Government funding to reduce nitrogei) oxide Lmmissions and improve air quality. 20. Company Ilmlted by guarantee Harrow Community Transport is a Co{PanY 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 thL event of its being wound up whil¢ he or she is a member, or within one year after he or she ceases to be a memb¢r. Page 16