REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FOR
EAST DURHAM COMMUNITY TRANSPORT LIMITED
EAST DURHAM COMMUNITY TRANSPORT LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 20 |
| Detailed Statement of Financial Activities | 21 to 22 |
EAST DURHAM COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The Objects of the Charity and how it is attempting to achieve the objectives
The Charity is governed by a written constitution in which its objects are set out. The Charity aims to provide affordable, reliable, accessible transport for registered youth and community groups, registered charities, schools, statutory groups and other non-profit making voluntary organisations.
Objectives achieved in the year, a review of activities and significant changes and development plans for the future.
Introduction
Now we are out of the COVID pandemic the Charity offers transport on a usual basis such as the Travel Club and group transport. Hospital appointment transport and local shopping trips have also continued getting vulnerable and isolated people to essential services and office staff are in regular telephone contact with some of the more isolated members, collecting and delivering prescriptions and shopping when needed. A large grant secured from The National Lottery Community Fund-Reaching Communities in April 2022 meant the Charity has been able to continue its operation. An additional grant of almost £53,000 towards a new, much needed minibus, has been secured but won't be received until spring 2023.
Trustees are satisfied with the performance of the Charity during the year from a staffing and professional view. The Charity is in a good position financially as of 31st December 2022 and feels the Charity is in a good position to continue its activities during the coming year, and that the Charity's assets are adequate to fulfil its obligations at this moment in time. In a time of worldwide uncertainty and a cost of living crisis causing rising running costs, the Trustees and staff achieve what they can with the resources available.
Public Benefit
The Trustees have had regard to the Charity Commission's guidance on their legal duty on public benefit and are satisfied that the charity delivers public benefit. Due regard is also paid to the guidance on public benefit when deciding which new projects to undertake.
Contributions from volunteers
Volunteers carry out valued work for the charity.
Page 1
EAST DURHAM COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE
Achievement of objectives and review of activities
The Trustees are satisfied that the aims and objectives of the Charity have continued to be met and have worked together with staff to make the working practices achievable and that the Charity is providing services which the community needs..
The Lottery funding has been a huge financial help and has meant that use of reserves has been limited leaving the Charity in a good financial position.
A robust vehicle cleaning system and passenger guidelines are still in place even with all COVID restrictions lifted to ensure passenger safety and confidence.
Office staff are permanently working from home with secure vehicle parking at the old office site. The Operations Manager has ensured that the Charity runs just as smoothly as always with systems in place for vehicle collection, vehicle cleaning and office set up and staff meet regularly to discuss the working practices.Vehicles have all been correctly maintained and have had the usual regular safety inspections carried out.
User confidence is still an area of concern since the COVID pandemic ended plus with the cost of living crisis and a lack of funding available to groups in the area, some groups and members are not travelling as much as they used to but we hope that 2023 sees a return to full normality.
Details of intangible income
There were no donations of intangible income during the year.
Page 2
EAST DURHAM COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
Transactions and financial position
The charity reported a surplus of £35,427 (2021 - surplus of £25,754). At the balance sheet date, total funds amounted to £186,382 (2021 - £150,955) of which £nil (2021 - £nil) were subject to restriction.
Specific changes in fixed assets
Changes in fixed assets are shown in detail in the notes to the accounts.
Effectiveness of fundraising policies
The charity relies on grant aid from the donors identified in the accounts, whose support is invaluable. There have been no other fundraising activities.
Policies on reserves, investment policies and investment performance
The Trustees have resolved to establish reserves to provide for future activities, and the Trustees have limited powers of investment.
Within those powers, a statement of investment principles has been adopted as set out below. The policy on reserves is that the existing financial assets are retained to produce income which is wholly utilised to support existing activities. There is no intention in the long term to either increase or reduce the capital held. This policy is justified in that it is necessary to preserve income at the present levels as far as possible in order to maintain the activities of the Charity, however due to the affect the COVID pandemic had on the Charity. reserves have been, and will be, utilised where necessary.
Funds are invested in short term bank deposit accounts because of the need to access the funds.
Availability and adequacy of assets of each of the funds
Without external funding, the board of Trustees are aware that the Charity's assets are available and adequate to fulfil its obligations for a limited number of years and will address any issues accordingly. The grant of £53,000 towards a new, accessible vehicle will be a welcome addition to the fleet.
The Charity's grant making policies
This is not applicable to activities of the Charity as no grants are made.
Page 3
EAST DURHAM COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
SIGNIFICANT CHANGES AND DEVELOPMENTS AND PLANS FOR THE FUTURE
Staffing remained the same in 2022 with a team consisting of an Operations Manager, Travel Club Co-ordinator and with the 2 full time drivers. 2 regular volunteers helped out at the beginning of the year and continue to help out when needed.
The organisation is ever confident that it has the right balance in place for the Charity to move forward and continue to deliver its aims and objectives.
Plans for the future include partnership working, publicity, and sponsorship and to seek further funding to cover core costs. Although a Lottery Grant of £214,044 for a 3 year period was secured, the Charity realises that additional funding will be needed to meet any deficit but it will do everything possible to keep the Charity afloat in order to meet its aims and objectives and to continue to be a vital part of life in the local community.
The Trustees are ever confident that the Charity will continue for the foreseeable future and are very proud to be a part of the Charity which is a well-known, professional and vital resource in the area.
Page 4
EAST DURHAM COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a company limited by guarantee with charitable status, Registered Company No: 6131244, Registered Charity No: 1120818. The appropriate returns will be forwarded to Companies House and the Charity Commission.
Method of election of the members of the Board of Trustees
The members of the Board of Trustees are elected at the annual general meeting. The Trustees may co-opt other members onto the Board but those co-opted members have no voting rights. The co-opted members must have the necessary qualities and experience needed to run both a Charity and a transport service. The Trustees managed to meet face to face before the pandemic and once again later in the year with 2 other meetings carried out remotely.
The organisational structure and how decisions are made
The charity operates in accordance with its constitution whereby a Trustee, from user group representative, is appointed at each annual general meeting to direct and oversee the work of the charity and holds no less than 4 meetings during each year. Staff liaise with Trustees on a monthly basis with budget and operational updates. A very close working relationship with Trustees and staff has been established, especially in the past few years which is vital in ensuring good communications, a friendly, comfortable environment but remaining very professional. The Operations Manager has worked tirelessly in 2022 to ensure budgets were met, funding was secured and grants accessed and all procedures for the Charity to remain open were in place.
Relationships with other groups, charities and individuals
The charity works with statutory agencies, registered youth and community groups, registered charities and other non-profit making voluntary organisations which become members and uses its vehicles to assist them in achieving their aims.
Details of related parties and transactions with related parties
The trustees are not aware of any related parties.
The major risks to which the charity is exposed and reviews and systems to mitigate risks
The Trustees identify the major risks to which the charity is exposed each financial year when preparing and updating a strategic plan, in particular those related to the operations and finances of the charity. The Trustees then review any major risks which have been identified, and establish systems to mitigate those risks. The charity is satisfied that the systems are in place to mitigate their exposure to the major risks which have been so identified and reviewed.
Page 5
EAST DURHAM COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 06131244
Registered Charity number 1120818
Registered office
26 Willow Grove Horden Peterlee SR8 4SA
Operational address
Parking Bay 1-6 3 Crook Way North West Industrial Estate Peterlee SR8 2HY
Trustees
C A Hepple (Chair) M R Twidale (Vice Chair) B J Hind (Secretary) K Spirit
Independent Examiner
Read, Milburn & Co 71 Howard Street North Shields NE30 1AF
Bankers
The Co-Operative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP
Key Management Personnel
J Atkinson (Treasurer) A Kent (Operations Manager)
Approved by order of the board of trustees on 13 May 2023 and signed on its behalf by:
C Hepple - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EAST DURHAM COMMUNITY TRANSPORT LIMITED
Independent examiner's report to the trustees of East Durham Community Transport Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts 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 accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
N J Liley FCA
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
22 May 2023
Page 7
EAST DURHAM COMMUNITY TRANSPORT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 2,110 Charitable activities 3 Grant income 1,600 Transport services 67,828 Other income 1,125 Total 72,663 EXPENDITURE ON Charitable activities Staff and volunteer costs 885 Premises and administrative costs 6,189 Training costs - Transport services 30,213 Total 37,287 NET INCOME 35,376 Transfers between funds 13 51 Net movement in funds 35,427 RECONCILIATION OF FUNDS Total funds brought forward 150,955 TOTAL FUNDS CARRIED FORWARD 186,382 |
Restricted funds £ - 86,486 - - 86,486 71,380 4,101 - 10,954 86,435 51 (51) - - - |
2022 Total funds £ 2,110 88,086 67,828 1,125 159,149 72,265 10,290 - 41,167 123,722 35,427 - 35,427 150,955 186,382 |
2021 Total funds £ 4,963 114,608 31,484 5,140 156,195 66,836 22,480 550 40,575 130,441 25,754 - 25,754 125,201 150,955 |
|---|---|---|---|
The notes form part of these financial statements
Page 8
EAST DURHAM COMMUNITY TRANSPORT LIMITED (REGISTERED NUMBER: 06131244)
BALANCE SHEET 31 DECEMBER 2022
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds: General fund Designated funds TOTAL FUNDS |
2022 £ 24,053 12,108 169,282 181,390 (19,061) 162,329 186,382 186,382 167,601 18,781 186,382 186,382 |
2021 £ 31,031 12,407 109,416 121,823 (1,899) 119,924 150,955 150,955 126,720 24,235 150,955 150,955 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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EAST DURHAM COMMUNITY TRANSPORT LIMITED (REGISTERED NUMBER: 06131244)
BALANCE SHEET - continued 31 DECEMBER 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 May 2023 and were signed on its behalf by:
C Hepple - Trustee
The notes form part of these financial statements
Page 10
EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
Going concern
The financial statements have been prepared on the going concern basis. At the date of signing of the financial statements there were no material uncertainties regarding the charity's ability to continue for the foreseeable future.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income is stated net of VAT where applicable.
Revenue grants
Income from government and other grants is recognised when the charity has entitlement to the funds, any related performance conditions have been satisfied, it is probable that income will be received and the amount can be measured reliably.
Capital grants
Grants of a capital nature given for specific purposes and fully utilised in the furtherance of the objects of the charity are credited to the fixed asset funds after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the cost of acquisition or subsequent revaluation.
The related assets are subject to restrictions by the grant making organisation on their use and disposal, and these restrictions are noted in the fixed asset section of these accounts. The fixed asset fund so created is treated as a designated fund.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation. Items of less than £100 are not capitalised.
continued...
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EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 22.5% on reducing balance Computer equipment - 22.5% on reducing balance
Debtors
Trade and other debtors are recognised at the settlement amount due nett of any trade discounts.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount nett of any trade discounts.
Financial instruments
All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Taxation
As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.
The charitable company is VAT registered and recovers/pays VAT as required.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 2. DONATIONS AND LEGACIES 2022 £ Donations 2,110 3. INCOME FROM CHARITABLE ACTIVITIES 2022 Grant Transport Total income services activities £ £ £ Travel club income - 44,078 44,078 Transport services income - 23,750 23,750 Grants 88,086 - 88,086 88,086 67,828 155,914 Grants received, included in the above, are as follows: 2022 £ Durham County Council RSCTI Fund - County Durham Foundation 5,000 The National Lottery Community Fund-Reaching Communities 51,887 UK Government and Local Authority - Contain Outbreak Management Fund 29,599 Omicron 1,600 88,086 4. SUPPORT COSTS General Governance overheads costs £ £ Premises and administrative costs 9,305 985 |
2021 £ 4,963 2021 Total activities £ 20,335 11,149 114,608 146,092 2021 £ 4,612 4,622 9,896 26,502 68,976 - 114,608 Totals £ 10,290 |
|---|---|
continued...
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EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
4. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| 2022 Premises and administrative costs £ Rent, rates and water 3,344 Insurance 1,222 Light and heat - Telephone 669 Printing and advertising 722 Sundries 2,849 Repairs and renewals 8 Professional fees 255 Bank charges - Depreciation of tangible fixed assets 236 Loss on sale of tangible fixed assets - Professional fees 985 10,290 |
2021 Total activities £ 8,683 1,306 51 5,580 1,176 2,733 1,117 115 21 305 413 980 22,480 |
|---|---|
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets Deficit on disposal of fixed assets Independent examiner's remuneration Payments under operating leases |
2022 £ 6,978 - 985 3,344 |
2021 £ 9,003 3,259 980 8,683 |
|---|---|---|
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
continued...
Page 14
EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 7. STAFF COSTS Wages and salaries Social security costs |
2022 £ 71,384 881 72,265 |
2021 £ 66,836 - |
|---|---|---|
| 66,836 |
The key management personnel, including the trustees, are listed under Reference and Administrative Details. The total employee benefits of the key management personnel, including Social Security, were £27,594 (2021 - £26,094).
The average monthly number of employees during the year was as follows:
| Engaged in charitable activities | 2022 4 |
2021 4 |
|---|---|---|
No employees received emoluments in excess of £60,000.
Page 15
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EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,963 - Charitable activities Grant income 35,736 78,872 Transport services 31,484 - Other income 5,140 - Total 77,323 78,872 EXPENDITURE ON Charitable activities Staff and volunteer costs 21,443 45,393 Premises and administrative costs 8,461 14,019 Training costs - 550 Transport services 21,454 19,121 Total 51,358 79,083 NET INCOME/(EXPENDITURE) 25,965 (211) Transfers between funds 906 (906) Net movement in funds 26,871 (1,117) RECONCILIATION OF FUNDS Total funds brought forward 124,084 1,117 TOTAL FUNDS CARRIED FORWARD 150,955 - |
Total funds £ 4,963 114,608 31,484 5,140 156,195 66,836 22,480 550 40,575 130,441 25,754 - 25,754 125,201 150,955 |
|---|---|
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EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 9. | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Motor | Computer | ||||||
| vehicles | equipment |
Totals | |||||
| £ | £ | £ | |||||
| COST | |||||||
| At 1 January 2022 and | |||||||
| 31 December 2022 | 175,268 | 7,682 | 182,950 | ||||
| DEPRECIATION | |||||||
| At 1 January 2022 | 145,307 | 6,612 | 151,919 | ||||
| Charge for year | 6,742 | 236 | 6,978 | ||||
| At 31 December 2022 | 152,049 | 6,848 | 158,897 | ||||
| NET BOOK VALUE | |||||||
| At 31 December 2022 | 23,219 | 834 | 24,053 | ||||
| At 31 December 2021 | 29,961 | 1,070 | 31,031 | ||||
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| Trade debtors | 2,725 | 9,966 | |||||
| Other debtors | 7,531 | - | |||||
| VAT | 1,852 | 2,441 | |||||
| 12,108 | 12,407 | ||||||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| Trade creditors | 29 | - | |||||
| Social security and other taxes | 748 | 919 | |||||
| Accruals and deferred income | 18,284 | 980 | |||||
| 19,061 | 1,899 | ||||||
| Deferred Income | |||||||
| Included within Accruals and Deferred Income are the following | amounts comprising income | ||||||
| received in advance of delivery of the related services or expenditure incurred. | |||||||
| £ | |||||||
| Balance at 1 January 2022 | - | ||||||
| Grant received in year | 69,186 | ||||||
| Released to income from charitable activities | (51,887) | ||||||
| Balance at 31 December 2022 | 17,299 |
continued...
Page 17
EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted funds £ Fixed assets 24,053 Current assets 164,091 Current liabilities (1,762) 186,382 13. MOVEMENT IN FUNDS |
Restricted funds £ - 17,299 (17,299) - |
2022 Total funds £ 24,053 181,390 (19,061) 186,382 |
2021 Total funds £ 31,031 121,823 (1,899) 150,955 |
|---|---|---|---|
| Net movement At 1/1/22 in funds £ £ Unrestricted funds General fund 126,720 40,830 Designated funds 24,235 (5,454) 150,955 35,376 Restricted funds County Durham Foundation - 100 Contain Outbreak Management Fund - (49) - 51 TOTAL FUNDS 150,955 35,427 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 72,663 Designated funds - 72,663 Restricted funds The National Lottery Community Fund-Reaching Communities 51,887 County Durham Foundation 5,000 Contain Outbreak Management Fund 29,599 86,486 TOTAL FUNDS 159,149 |
Transfers between At funds 31/12/22 £ £ 51 167,601 - 18,781 51 186,382 (100) - 49 - (51) - - 186,382 Resources Movement expended in funds £ £ (31,833) 40,830 (5,454) (5,454) (37,287) 35,376 (51,887) - (4,900) 100 (29,648) (49) (86,435) 51 (123,722) 35,427 |
|---|---|
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EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/1/21 in funds £ £ Unrestricted funds General fund 88,494 35,663 Designated funds 35,590 (9,698) 124,084 25,965 Restricted funds County Durham Foundation 1,117 (1,117) Contain Outbreak Management Fund - 906 1,117 (211) TOTAL FUNDS 125,201 25,754 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 77,323 Designated funds - 77,323 Restricted funds The National Lottery Community Fund-Reaching Communities 9,896 County Durham Foundation - Contain Outbreak Management Fund 68,976 78,872 TOTAL FUNDS 156,195 |
Transfers between At funds 31/12/21 £ £ 2,563 126,720 (1,657) 24,235 906 150,955 - - (906) - (906) - - 150,955 Resources Movement expended in funds £ £ (41,660) 35,663 (9,698) (9,698) (51,358) 25,965 (9,896) - (1,117) (1,117) (68,070) 906 (79,083) (211) (130,441) 25,754 |
|---|---|
The National Lottery Community Fund-Reaching Communities
Grant funding is provided to support the East Durham Travel Club.
County Durham Foundation
Grant funding is provided to cover staff costs.
Contain Outbreak Management Fund
Grant funding is provided via the Local Authority to implement measures designed to help reduce the spread of coronavirus and support local public health,
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EAST DURHAM COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
13. MOVEMENT IN FUNDS - continued
Designated funds
The designated funds were established in the 31 December 2007 Charitable Trust financial statements and relate to capital grants received for the purchase of additional minibuses.
Fund transfers
Fund transfers represent the proportion of vehicle sales proceeds where funding was provided for the acquisition of the vehicle in question. As the vehicles were in use for a period of at least five years from acquisition there is no restriction on the use of these proceeds, they are therefore released to general unrestricted funds.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
15. LEGAL STATUS
East Durham Community Transport Limited is a private company limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found within Reference and Administrative Details.
The liability of members is limited. Every member promises, if the charity is dissolved while he or she is a member or within twelve months after he or she ceases to be a member, to contribute such sum (not exceeding £1) as may be demanded of him or her towards the payment of the debts and liabilities of the charity incurred before he or she ceases to be a member, and the costs, charges and expenses of winding up, and the adjustment of the rights of the contributories among themselves.
Page 20
EAST DURHAM COMMUNITY TRANSPORT LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Charitable activities Travel club income Transport services income Grants Other income Other income Total incoming resources EXPENDITURE Charitable activities Wages Social security Training Travel expenses Vehicle fuel Vehicle insurance and tax Vehicle repairs Other vehicle costs Depreciation of tangible fixed assets Deficit on sale of tangible fixed assets Support costs General overheads Rent, rates and water Insurance Light and heat Telephone Printing and advertising Sundries Carried forward |
2022 £ 2,110 44,078 23,750 88,086 155,914 1,125 159,149 71,384 881 - 862 13,762 5,597 14,149 55 6,742 - 113,432 3,344 1,222 - 669 722 2,849 8,806 |
2021 £ 4,963 20,335 11,149 114,608 146,092 5,140 156,195 66,836 - 550 430 6,202 6,877 14,997 525 8,698 2,846 107,961 8,683 1,306 51 5,580 1,176 2,733 19,529 |
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This page does not form part of the statutory financial statements
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EAST DURHAM COMMUNITY TRANSPORT LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| General overheads Brought forward Repairs and renewals Professional fees Bank charges Depreciation of tangible fixed assets Loss on sale of tangible fixed assets Governance costs Professional fees Total resources expended Net income |
2022 £ 8,806 8 255 - 236 - 9,305 985 123,722 35,427 |
2021 £ 19,529 1,117 115 21 305 413 21,500 980 130,441 25,754 |
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This page does not form part of the statutory financial statements
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