Charlty registratlon number 1117153
Company reglstratlon numbèr OS5696011England and Walès)
THE COMMBUS PROJECT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

THE COMMBUS PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr S K Taylor
Mr K M Richardson
Mr J E Pickard
Mrs J E Pickard
MrA O Curran
Mr M Ballard
Secretary
Mr S K Taylor
Charlty number
1117153
Company number
05569601
Reg18tered office
The Manse
School Lane
Narborough
Leicester
LE19 2GS
Independent examlner
Philip John Oymond FCCA
Cheyettes Ltd
167 London Road
Leicester
LE2 1EG

THE COMMBUS PROJECT
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
6-13

THE COMMBUS PROJECT
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees present their annual report and financial statements for the year ended 30 September 2024.
The finanrjal statements have been prepared in accordance with the accounting policies set out in note 1 lo the
financial statements and comply with the charitable company's Memorandum and Articles of Association. the
Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021" (effective 1 January 2019).
Objectlvos and actlvitles
The principal obiect of the charitsble company was that of providing Community Transport facilities in the Blaby
District of Leiceslershire.
The charitable company operates a dial a ride service Mondays to Fridays picking up members from their home
address to lake them to shopping cenlres, garden centres and popular locations in the Blaby di3trict and beyond.
We have 3 minibuses all equipped with a powered tail lift, specialised equipment for seouring wheelchair3 and small
scooters and additional handrails to assist passenger$ on and off the vehicle.
All drivers are MIDAS trained (Minibus Driver Awareness Scheme administered by the Community Transport
Association of which the Charity 18 a member) and each bus travels wilh an escort to a551St passengers.
We also offer a private hire seNice to community groups and residential homes with a mobility need to transport
them to a place of their cholce.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what a¢tivitie8 the
charitable company should undertake.
Volunte8rs
Everyone that works for the chanty 1$ a volunteer which includes drivers, escorts, office team. out of hour8 message
lakers and Irusleesldirectors. The contribution they make in not only working for the chanty but also promoting its
activilies is invaluable.
Achlevements and performance
Significant 8Ctivities and 8chi8V8menls against objeGtives
The charity saw a slight increase in new members for the year tolalling 100190 in Ihe year ended 2023).
Number of passengers carrsed also increased to 2,890 up from 2.622 the previous year.
We differ from olher forms of public transport by collecting members from their horne address, taking them to their
deslination and retuming them to their home. In all cases volunteers will offer to assist members wth taking their
shopping into their homes.
In most cases members are not able to get to a bus stop nor do they have the ability to carry their own shopping.
Without the service we provide many would not be able to easily get out of their homes to not only do their shopping
but also socialise wlh others. In all cases it helps people maintain a sense of independence.
Financial review
The financial statements show an overall level of reserves at the end of the year which the trustees consider to be
sound.
The Statement of Financial Activities demonstrates overall nel income of £25,921 {2023 - £21 .209) and at the end of
the year general reserves amounted to £285,053 12023 £256,854) and restricted reserves were £9,868 12023
£12.146).

THE COMMBUS PROJECT
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
ReseThes policy
The trustees have established a level of reserves designed to provide suffiaent resources for the charity to continue
in operation for the foreseeable fijture. The policy requires a regular ongoing review of the reserves that are
available and those which are required to fund future operations and mitigate any adverse conditions that may arise.
Structure, govemance and management
The charitable company is a company limited by guarantee govemed by Memorandum and Articles of Association
dated 21 sl September 2005.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were..
Mr S K Taylor
Mr K M Richardson
Mr J E Pickard
Mrs J E Pickard
MrA O Curran
Mr M 8allard
R&cruitm8nl and appoii)Iment of tmsle6s
Trustees are appointed by other members of the Board.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and
guarantee to contribute £1 in the event of a winding up.
Organisation81 slnjclurg
The charitable company has a management committee which meets quarterty. Members are the trustee directors,
Office Representative, Drivers Ropresonlative, Drivors Trainer, E6¢0rt$ R•pro$•ntative, Escort Trainer and Publicity
& Promotions Officer.
Thi5 Report has been prepared having taken advantage ol the small companies exemption in the Companies Act
2006.
The trus
es, re
wasa
y the Board of Trustees.
II'L
Richardson
Mr S K Taylor
Company Secretary
Trustee
27 January 2025

THE COMMBUS PROJECT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE COMMBUS PROJECT
I report to the Irustees on my examination of the financial statements of The Commbus Project (the charitable
ompanyl for the year ended 30 Seplember 2024.
Responsibllltles and basls of report
As the trustees of the charitable company land also its difectors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements ol the Companies
Act 2006 (the 2006 Act).
Having salisfied myself that the financial statements of the ¢haritable company are not required to be audited under
Part 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examination of the
charitable company's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In
Carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 145151{b) of the 2011 Act.
Independent examlngr'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 Ihat in any material respect..
accounting records were not kept in respect of the chantable company as required by section 386 of the 2006
Act., or
the financial slalements do not accord with those records., or
the financial statements do nol comply with the accountin9 requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination., or
the financial statements have not been prepared In accordance with the methods and princtples 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 1021.
I have no concerns and have come across 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 financial statements to be reached.
Phillp John Dymond FCCA
Cheyettes Ltd
167 London Road
Leicegter
LE21EG

THE COMMBUS PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Unrgstrlcted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
fund8
funds
2023
2023
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other in¢ome
2,726
15,674
4,714
11,031
2,726
45,499
4.714
11,031
971
15,691
2,913
971
45,516
2,913
29,825
29,825
Total Incomo
34,145
29.825
63,970
19,575
29,825
49,400
Expendlturo on:
Charitsble activities
5.946
32.103
38,049
3,157
25,034
28.191
Total expendlture
5,946
32,103
38,049
3,157
25,034
28,191
Net Incomellexpendlturol and
movement In fund•
28,199
{2,278)
25,921
16,418
4,791
21,209
Reconclllatlon of fund8:
Fund balances at 1 October
2023
256,854
12,148
269,000
240,436
7,355
247,791
Fund balances at 30
September 2024
285,053
9,868
294,921
256,854
12,146
269,000
The statement of financial activities indudes all gain$ and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE COMMBUS PROJECT
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Not08
Fixed afjsats
Tangible assets
12
61,747
78,424
Curnnt as80ts
Debtors
Cash at bank and in hand
13
3,269
232,142
3.196
187,621
235,411
190,817
Credltor8: amounts falllng due withln
one year
14
{2,237)
{2411
Not current a88ets
233,174
190,576
Total assets less current Ilabllltle$
294,921
289.000
The funds of th6 charftablo company
Restncled income funds
Unrestricted funds
15
16
9,888
285,053
12.146
256,854
294.921
269,000
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for Ihe year ended 30 September 2024.
The directors acknowledge their responsibilitie5 for Complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The fin
ncial st
Isw
roved by the Iruslees on 27 January 2025
Mr K M Richardson
Trustee
Company registration number 05569601 (England and Wale81

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accountlng pollcies
Chartty Informatlon
The Commbus Project is a private company limited by guarantee incorporated in England and Wales. The
registered office 15 The Manse, School Lane, Narborough, Leicester, LE19 2GS.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance V￿th the charitable company's Igoverning
documentl. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland. I'FRS 102.) and the Charities SORP Accounting and Reporting by Charities. Slalemenl
of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanoal
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" leffective 1 January 20191. The
Charitable company is a Public Benefit Entity as defined by FRS 102.
The chantable company has taken advantage of the provisions in the SORP for charities not to prepare
Statement of Cash Flows.
The financial statements are prepered in gterling, which is the functional currency of the charitable company.
Monetary amounts in these finanrjal statements are rounded to the nearest £.
The financial statements have been prepared under the histon¢al c08t Convention. The prinapal a￿OUntIng
policies adopted are set out below.
1.2 Golng concem
At the time of approving the financial statements, the trustees have a reasonable expectation that Ihe
Charitable company has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
slalements.
1.3 Charltablo funds
Unrestricted funds are available for use at the discretion ol the trustees in furtherance of their chantable
objeclives.
Restricted fundy are subject lo specific conditions by donors or grantor5 as to how they may be used. The
purposes and uses of the restricted fijnds are set out in the notes to the financial statements.
Endowmenl fijnds are subject to speafic conditions by donors that the Capital must be maintained by the
diaritable company.
1.4 Income
Income is recognised when the charitable company is legally entitled to it after any perfomiance conditions
have been met, the amounts ¢an be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has
been notified of the donation, unless performance conditions Tequire deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of
the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending
distribution, the amount is known, and receipt 15 expected. If the amount is not known, the legacy is treated as
a contingent asset.

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies
{Contlnued)
1.5 Expenditure
Expenditure is recognised once there Is a legal or ¢on$tructive obligation to transfer economic benefft to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is dassified by activity. The cosls of each activity are made up of the total of direct costs and
shared costs, induding yupport cost$ involved in undertaking each activity. Direct cosls attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activily are apportioned betsveen those aGtivilies on a basis
consistent wilh the use of resources. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the portion of the as$et'8 u$e.
1.6 Tangible flxed assgts
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised $0 as to write off the cost or valualion of assets less their residual values over their
useful lives on the following bases..
Computers
Molor vehicles
2% per month on a straight line ba515
2.5% per month on a reducing balance basis
The gain or los$ arising on the disposal of an asset is detemined as the difference between the sale proceeds
and the Carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairnient of flxod assots
At each reporting end date, the chantable company reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impaimient loss. If any such
indication exists, the recoverable amount of the asset 1$ estimated in order to detemiine the extent of the
impairment loss lif any).
1.8 Cash and cash equivalonts
Cash and cash equivalents indude cash in hand, deposits held al call with banks. other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
wtthin borrowings in current liabilities.
1.9 Flnanclal Instrumonts
The charitable company has elected to apply the provi$ion$ of Section 11 'Basic Financial Instruments, and
Section 12 '01her Financial Instruments Issues. of FRS 102 to all of its finanrjal instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offsel, with the net amounts presented in the financial statement5. when
there is a legally enforceable right tc set off thè recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Finanual assets
dassified as receivable within one year are not amortised.

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Accounting policies
(Continued)
Baslc flnancial liabllltles
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless
the arrangemenl con5tltutes a flnancing transaction. where the debt instrument is measured al the present
value of the future payments discounted at a market rate of interest. Finanrjal liabilities classified as payable
thin one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services thal have been acquired in Ihe ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recogni5ed initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltles
Financial liabilities are derecognised when the charitable company s contractual obligatsons expire or are
discharged or cancelled.
1.10 Employeg benèfits
The cost of any unused holiday entitlement 1$ recognised in the period in vthich the employee's services are
received.
Temination benefits are recognised immediately as an expense when the charitable company 18
demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Crltlcal accountlng 08tlmat88 and ludgemonts
In the application of the charitable company's accounting policies. the trustees are required to make
judgements, estimates and assumption5 about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimales and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of Ihe revision and future periods where the revision affecls both current and future
penods.
Incomè from donatlons and legacles
Unrestricted Unrestrlcted
funds
funds
2024
2023
Donations and gifts
Grants
1,349
1,377
971
2,726
971

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Income from Charltable activities
Unrestrlcted Restrl¢ted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Communlty transport
Services provided under
contract
Performance related
grants
Other income
15,481
15,481
15,429
15,429
29.825
29,825
193
29,825
29,825
262
193
282
15,674
29,825
45,499
15,691
29,825
45,516
Perfomance relatod grants analys18
Communlty Communlty
transport
transport
2024
2023
Leicestershire County Council CPT grant
Other
29,825
29.825
Income from Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
4.714
2,913
Other Income
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Nel gain on disposal of tangible fixed assets
11,031

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Expenditure on charitable activities
Communlty Communlty
transport
transport
2024
2023
Dlroct costs
Depreaation and impaimient
Vehicle running co$t$
Rent
Insurance
Travel expense5
Postage and stationery
Telephone
Independenl examiner's fees
Sundry expenses
17,527
12,496
2,650
329
626
556
642
800
2,423
7.748
12.284
2.160
796
735
394
721
3,353
38,049
28,191
Analysis by fund
Unrestricted funds
Restricted funds
5,946
32.103
3,157
25,034
38,049
28.191
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl{creditingl'.
Depreciation of owned tangible fixed assets
Profit on disposal of tangible fixed assets
17,527
111.031)
7,748
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the
charitable company during the year. One trustee was reimbursed expenses in the sum of £528 for telephone,
travel and vehide costs incurred.
10 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60,000.
10-

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
11 Taxation
The charity is exempt from taxation on its activities because all it$ income is applied for charitable purposes.
12 Tang5ble fixed asset•
Comput•r•
Motor
vehlcl••
ToL•l
Cost
At 1 October 2023
Additions
Disposals
1,153
171,962
6,850
157,625)
173.115
6,850
(57,625)
At 30 September 2024
1,153
121,187
122,340
Deprèclatlon and Smpalrmont
At 1 October 2023
Depreciation charged in the year
Eliminated in respect of disposals
92
277
94,599
17,250
(51,625)
94,691
17,527
151 ,625)
At 30 September 2024
369
60,224
80.593
Carrylng amount
At 30 September 2024
784
60,963
81,747
At 30 September 2023
1,061
77,363
78,424
13 Debtorn
2024
2023
Amounts falllng duo withln ono year:
Trade debtors
Other debtors
Prepayments and accrued income
288
433
2,550
389
111
2,696
3,269
3,196
14 Creditors: amounts falllng due wlthln one year
2024
2023
Trade creditors
Accruals and deferred income
297
1,940
241
2,237
241
11

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
15 R•strl¢tod fund
The restrided funds of the charity comprise the unexpended balances of donalions and grants held on trust
subject to specific conditions by donors as lo how they may be u$e¢J.
At 1 October
2023
Incoming
re8ource8
Resource8
expended
At30
Septsmbèr
2024
Leicestershire County Council CPT grant
12,146
29,825
(32,103)
9,888
Provious year:
At 1 October
2022
Incoming
re•ourcè•
Resources
expended
At30
Septèmber
2023
Leice8ter8hlre County Council CPT grant
7,355
29,825
(25,0341
12,146
This fund 18 to be used to provide minibus trips for..
individual members of the public with mobility problems who are unable to use local bus services
(Including frail, elderly and physically disabled people, as well as those with less obvious disabililiesl..
rurally isolated people who do not have any transport of their ovm.
16 Unrostrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Octob8r
2023
Incomlng
resources
Rosourcos
At30
expended September
2024
General funds
258,854
34,145
(5,946)
285,053
Previous year:
At 1 October
2022
Incomlng
resources
Resources
expended
At30
Sepiember
2023
General funds
240,436
19,575
(3,157)
256,854
12-

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
17 Analysis of net assets between funds
Unrestricted
fund8
2024
Restricted
funds
2024
Total
2024
At 30 September 2024:
Tangible assets
Current assetsllliabilitie8)
61,747
223,306
81,747
233.174
9,868
285,053
9.868
294.921
UnrestrFcted
fund$
2023
Restrlcted
funds
2023
Totsl
2023
At 30 Septèmber 2023:
Tangible assets
Current assetsl{liabililies)
78,424
178,430
78,424
190,576
12,146
256,854
12,146
269,000
18 Operatlng lea8e commltments
Al the reporting end date the charitable company had outstanding commitments for future minimum lease
payments under non-cancellable operating leases. which fall due as follows..
2024
2023
Wthin one year
703
540
19 Related party tran8actlons
There were no d15closable related party transactions during the year12023 - none).
13-