Ccfrimpanv reL1151falion nunibtr.. 064ill?4 North Wealden Community Transport Partnership Ltd (A coii?PLillV Ibllllltd bv .uaraiiiee) ror ih¢ Y¥ar Ende(l_"?a Ni)venib¢r ?O?- *ND92rtX8rw A19 CCWPANIES HOUSE Reference and Administrative DetaiL8 Trustees David Graham rirnothy DenninB Sparrow Anthjny Allen GeoffTey Willingale Crdwfoftl Linda Graharn Michael Stanning Tollit David W3tson PriDcipal Offiee Suitr IA The ByTe Upper Hartfield E4st Suss¢x TN74AR Company Regi$tratioD Number iYA38248 Charity Registration I¥4￿ber 1126?92 ImdepeDdent Examiner JThMthan Lyt)n MA FCA P8ge I Strategte Report for the Year Ended 30 November 2023 Aijns #nd Purposes North Wealden Commwiity Trnn5lXJrt Partr*rship LKmitsl arms to pmide afftrdable ond acctssible public transport to local residents in North Wealden and the sLFrmu￿*ttB a￿. Objectivu And Attiviti¢s The object of the charity is to provide ¢￿￿munity transport 5eMce5 for the public benefit in rural ar¢a5 for pe¢)ple WI￿ arc vulncrnble or disadvantaged bErau5e of age. 5Lckne4 disability (mental or physicAiI. poverty, or becaLLse of a lack of availability of adequate approprtat¢ publi¢ passenger servic¢s. thereby helptn8 them to combat Social isolation and incre￿ personal It*nden¢ The Company seeks to offer a range of community tran5FKIrt services within North Wealden and 115 environs: this may include parts of East w)d West Sussex and N¢xth West KeTJt to enable service ¢ontinuity. Athievemthts *ad PerforrnaDce During the tt¥elve months to the end of NOveM￿r 2023 the Company continued io do its best to achieve its stsied obje¢tives and to provide ¢ommunity $llPPOrt to vulnernble people in the lo￿1 ¢ommunity. Pawn8er nthmbers tystng th¢ t(￿ th)or.ttrdoor shoppin8 service for eldeAy and disabled people a[￿ those witknut access lo public tran5POrt continued to gTOW. while a few regular passeng￿5 Still unable to go out b¢n¢fit¢d from a perso1￿ shopping swviEE gr¢)rui¢5 delivwrd ￿ their hom¢s. The Company reapplied to Eam Suwx Cwnty Cowi¢il to renew trir contract to operat¢ three timetsbled ￿ra1 bus routs5 and were awarded the contrRa ai an incxe&al rate. The ￿leS eominued to be wtll ￿￿ed. The company was also able to offer to swinunvJ8 Sessi￿￿ for a primary sthool. and for gro rrquiring transport for r4)mmunity trip5. Th¢ number of volunteers drrving during the yw w&5 I l aThJ thert 6 paid employee& includin8 4 part-time paid drivers for the contract rt and pArt4ime Operati￿￿ Offjce Mana8eTS. Seven unpaid Tru5tcts ovetsaw govemance and met four time5 thjring the year. Two fvrther voluntem h¢lped with fijnd raisirtg artd offi¢e idministratioii. A￿ts pur¢h&sal in the ¢outse of the year thrtt new electfonic ticketin8 machines artd a deposit on ¥ new vehicle whicb is on order. Services were operated on a full-COSt-rec•very, wofii basis using volunteer4rtven accessible mtrtilx on¢ of which Wds donated through a Governrnert 5chcm¢ in 2016. and I￿rE fvnd¢d by chargin8 afyordable fares. by dortations, by colltributiONS fr(¥ry paTish council& and by a three-year Service Level Agreement Grant frorn We31d￿ Di51ri¢t CourKil in an amount of £5,5￿1 per annum. paid guarteily on $ubmission of a monitorin8 Pa8e 2 Strategic Report for the Ye*r Ended 30 November 2023 In sumrn8ry. the Compony W35 able ￿ use its r¢swr¢ts ts contijwe w pEowide community Ir2nsporE service5 for the ben¢fit of the public. particularly those unable ￿ I￿e rtgular bLLS Wvites and older people living alone or in shtltered housing in North W¢alden durin8 2023. The fangible ljeoefits frotn the Company's activitits in this pted(xninantly ntr81 area are". relief of loneline4 helping rKople to live ind¢pEndent lives by providing dwr.lfyd￿jr shop5: also wo¥iding opwtwities for volunwrin8 and employmenL The trustee5 WIK> diTe¢tO￿ of the ¢omF¢ny for the PUWF4)5e5 of ¢ompry law present their strat¢gi¢ repon for the year ended 30 November 2023 in compliance with sedion 414C of the Companie5 Act 2006. 2510712024.and siwwd OD its behalf by approved by the mwees of the clwity Ott ... Thes ic report Graha￿ T￿￿tee Independent Examiner's Report to the trnstees of North WealdeD Community TranS￿rt P4rt¥Jership Ltd I report on the acc(x￿ts of the forthe ye8r ¢rrfJed 30 November 2023 which are set out on pa8e5 7 to 18. Respective re5pollsibiiitie5 of trustee5 aDd e￿]￿lIer Th¢ truste¢s (who aff also the directors of the company for the purwse5 of company law) are responsible for the preparation of the accounts. The trustees consider an audit is not rEquired foT this Y￿ undet section 144(2) of the Chartties Aci 2011 (the 2011 Act) and that an indepEnd¢nt ¢xamin*ion is nreded. Having satisfid rn￿lf that the chaTiry 15 n(* Subj￿ to audit under company 18w and is eli8ible for indepcndcnt ¢xamirWts0￿ It 1$ rcsporfibility to: examine the o¢¢ounts Under s¢¢tion 145 of the 2011 Act. follow th¢ pl￿ed￿re$ laid in the 8efter81 Direction5 given by the (Tharity Commission under s¢¢ti 145{5)(b) of the 2011 Act: aod B8S15 of iDdepeDdeDt examintvs ￿pOrt My examioaiion was ¢arried out in ac￿rdat￿e with the germl Direoion5 wven by thr ChaTity C0mmrss5￿. An examination includes a revittv of the accounting records kept by the charity and a eomparisort of the accourts preserÈted with those recor& It also include5 wnstd¢rntion of Jny unusual Items or disclosures in the arcounts, and 5¢¢king uplanation5 from you as trustees concemjns any such matter5. The prc ÉnclLsding its in¢ome and ex￿￿1t￿t. for th* period. In t*epann8 the5t financial stat¢mrtht8 the tntsteu are requtred to: select suithble accountin8 ￿liCit5 and ippty them o)nsist¢ntJy: observe the rneth(xls and priit¢iples the Chfyrities SORP. rn&k¢ judgements estimat¢s re&sonable and [￿￿JeA& Sttle whether applicable UK Ac£ounriTrg Standards have bccn followed. subi¢et to any maorial deparnwts disclosed and explained in the f￿￿nCiBl 5tateThKnts.' and prepare the financial ststcments on the going con¢¢m bosis yokss it is inapwopriate to presume that the charitsble company wrll continue in b￿1r￿. The trvstees are re5wnsible for keeping adequate acwunting rcroTds that art suffi¢i¢nt to show and explain the charirable company's Iransaction5 and disc105e rrasonable accurney ?EaAy time the financial position of the ¢lwtsble c(*npany aml ¥)abl¢ them to ensure the fina￿?1 statements cornply wth th¢ C4)mpanies Aa 2￿6. They are also re5pon5ible for safeguarding the aS￿ts of the ￿￿[l￿ble company and hence f(>r taking reasonable steps forth¢ prevention and d￿10￿ of frnud •Jd other irre8ularitie5. Apwoved by the In￿¢¢$ of ¢h•sity 00 25 Juty 2024 aNI si8ned oo its behalf by.. vid Grnham Trustte Page 5 Statetnent of Fin2nci21 Activities for tbe Year End￿1 30 November 2023 Oncludillg Income and ExpeDditsre Account 2nd Statement ofTotal Rttognised GaiDS 2nd Lo&ses) Unrestricted ruDds Total 2023 Iyott Jwcorne Endowm¢#ts from: Donation5 ar￿ legacie5 Other trading activities Inv¢sm)eni irwme 21.161 80.130 369 21.161 80.130 369 Total Incr￿e 101,660 101.660 Expenditsre on: Wages arKI salaries Stsff training Moiorexpenses Depreciation of motorvehtcles Depreciation of offitt e4wipm¢tht Re (58.735) (30) (27J73) (11.792) (431) (2.670} (2781 (746) 1771 (2.126) (169) (1216) (58.735) (50) (27.373) (11.792) (431) (2.670) (278) (746) (77) (2.126) (169) (1,216) Raies Telephon¢ gnd fax Printing, postyEe and S￿lOnery Sundry expenses Cleanirtg LighL heat and Insurw Total Expendiwre (110.458 110.458 Net expenditure mov¢m¢n¢ it) f￿ndS 8.798 (8,798) {8,M) Reeonciligtion off•nds Total brou8ht forward Totsl carried forward 164.870 164.870 13 156.072 156.072 Totsj 1022 Unrestritted funds r40tr locwe 8Dd Endowments from". Donations hrtd l¢gacies Other trading activities Jnve5¢ment iTKomc 36,741 78,455 209 36.741 78.455 209 Tolal Income 115.405 115.405 Exp¢Ndilure on: Raisyn8 fimds Charitable adivitic5 (101193) 4,867 (102.193) 4.867 Tot81 EX￿ndI￿re 107.060 107.060 Nei uKome .345 8.345 P88e 7 Statement ofFiDan¢ial Activities for the Year Ended'30 November 2023 (Including Incojiie and Expenditsre Account Ststement of Totsl Rètognised Gains and Losses) UDr¢%lrf¢t fvttds 2022 Note Net ny)ve￿￿Trt in fvrtds 8,345 ,345 Reco*cili8tioD of funds Total fund5 brought forward 156.52S 156,525 Total funds Lzrricd forward 13 L64.870 164.870 All of the charity's activitie5 deri¥e from continuin8 rrfmtions during the above iwo period& The fvnds bre4kdowm for 2022 is showTt in note 13. (Registration number: 064Ir248) Balance Sheet as at 30 November 2023 2023 2022 Nots Flxed Assets Tangible assets 38.758 44,924 Current 855ets Debtors Cash ￿ bank and tn hand 7.494 109.820 6,109 111.750 17.314 l E7,859 Creditors: f*lling d¥tivithin •De y**r 12 2.087 Iyet current assets 17.3 14 119,946 r4et assets 156.072 164,870 Funds of the chA Tity: Unrestritted income funds Unrestricted fi]nds 156,072 164,870 Tot#1 funds 13 156.072 164.870 For the finan¢i81 year ending 30 November 2023 th¢ chariry w¥s enrided ￿ t￿pti￿ frnm audit under section 477 ofthe Compani¢s Aa 2006 r¢latin8 to Sm￿1 comp8rfftie5. Directys. resportsibilities." Th¢ membets have not required the chan.ty to obtstn an audit of its accounts fijr the yw in qucstion in accordance with section 476.. and The director5 adtnowledgt their rewn5ibilities for Comptying with the wu1￿ments of the Act with r¢spe to a¢¢ou#ting records and th¢ preporntion of These a¢¢ounts ha¥¢ be￿ prepred in •c￿r￿sn¢£ with the provisioA% applicable to companies subject to the small companie5 re8im The financial ststements on pages 7 to 18 *trt approved by the and authorised for IS￿ on 25 July 2024 and signed on their behalf by: id Graham T￿Slee Notss to the Financial Ststements for tbe Year Ended 30 November 2023 I Charity stst*s The ¢harity is a tharity limited by guarantee and con¥uentJy doe5 not have share capitaj. Each of the trustees is liabl¢ io an amount not exrKding £Ntl towards the t55ets of the charity in the event of liquidMion. 2 AccouDtiDg polities Summary of $ignifiunl atCO¥Dti•g policit5 •nd kny •tfOUDtillg estimates The principal a¢¢ounting polici¢s applied in the preparation of the5t financial statemcnts arc set out bcl¢)w. These policies have been ¢onsist¢ntly appited to all ttKy¢or5 pre%nt¢d. utkn oth¢rwi5e slat￿. stst¢m¢*t of ¢ompll#aee The financtal $tat¢mthts have bccn p￿PaTed in accoTdanc¢ Accounting and Reporttng by Chafiti¢s". Ststement of Recommended Practi¢e 2ppliobl¢ ￿ tharÉti¢s preF¥*Tirtg their aceouttts irt accordance with the Flnancial Reportin8 Standard applicable in the UK aThJ Republic of Ireland (FRS 102) (effeuivt S January 2015)- (Charities SORP (FRS I02)k the FinwKial Rwrtlng Standard appli¢abl¢ in the UK and Republic of ]￿land (FRS 102) and ihe Comp￿•eS Act 2(￿. B8Sts of P￿p￿Tation North Wealden Community Trdnsport Parthership Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially nugnised at historical cost ortransaction value unless oiheTrvi5e statcd in th¢ rtlevant a¢mnting policy not¢5. GoiDg concern The trusttts consider that there aR no matrrial wKenainties alxmrt the chamys akn.lity to continue as a going ¢oncern Th)r any Signifi￿rt of uncertainty affea the cwtng value of assets Ileld by thc charity. Exemption from pre￿wing 8 e*5h Ilow s(atemtnt The Ehority opl¢d to early adopt Bulldin I pyblishcd on 2 Fcbruary 2016 and hve thcTcforc not included a cash tlow st2temet)i it) these finan¢ial s¢atrmerAS. Intorne 8Dd endowments All income is reeo8nised once the ¢hatity h&8 the income, it is probable that the income will be Ttceived and the amount of the income receivable Can be rneasur&l reliably. Dow&lions aiidlegati DOnatiOr￿ are recognised when the elwity beeTr norified in ￿tiThg of both the amount and 5ettYement dat& In the event that a donatioTh 15 subject to CODditiLYts that rEquire a level of perfijrnwnce by thc charity bEfore the charity is ¢ntitl&l to the fund% the rn¢om¢ is deferrtl reCo￿ls¢d urfil eithv th(6e conditions are fulty mel or the fulfilment of those conditions is wholly within the control of the eharity and it is probable thar these cOT￿ltiOnS will be fulfilled in the re￿rtIng period. GrtTnts recelvuble Grdnts are recogni5ed when the charity bas an entitiemurt to the fwM15 and any conditions linkcd to the grnnts have b¢¢Tr m¢t Where F￿fOr￿￿ wnditsons are att&h¢d to th¢ Jnd y¢t ￿ bE th¢ income is r¢¢wis¢d as o liability aNI in¢Juded on th¢ balance shed Ls d¢ftsre41 Ir￿Ome to be r¢le&Yd. Pa8e 10 Noto8 to the FinaDcial StatemeDts for the Year Endtd 30 November 2023 Divhdrnd5 ar¢ r¢¢owsed on¢e the di¥ithd h&$ been declartd and notsfiration has bten received of the dividend due. Expeoditure All expenditwe 15 tEcogni5ed orKe therE is a Ifgal or U)n$￿Ve Obli￿lon fo that ¢xp¢ttditur¢, li is prohbEe settlerneni i5 required and the amount ¢an b¢ measured reliably. A]1 costs are allocated to the applicable expendinjre l*adiog that ag8regat¢ similar costs to thai category. Where costs cannot bt directly attribut&] to particular headings they have F*en allocated on a b0515 consistent with the use of resour￿ with £￿traI 5tsff costs allocated on the basis of time speni and depreciaiion charge5 ajlorated on the portion of th¢ asset's use. Other support costs are ￿loC8ted the spread of staff costs. Rai5ingfvnd5 These 8re CA￿5 incuwred in attracting volunw irKom4 thE of in¥¢5tty•ts aThJ dKJse in¢uJYed in trading aL1ivities th* rni$e fvT¥J* Governance tosts Thest include the costs attributable to thE rharity"'s wmplianrK with C1)n￿l￿tiOnal and w4uiffmen in¢luding 14udi( StrOt¢gi¢ managemen¢ 45)d trustees's nwings WKI ￿1Mbur$¢￿ up¢nse5. CovernrneDt gr•nts Government grants are T¢￿￿lSed b￿d on the accrual ￿)de1 and are mca5ured 81 thc fdir w4lue of the osset received or le￿1¥•ble. Grnnts ar¢ ¢lassified as relating either to revenue or to &￿ts. Gr2nts relatin8 to revenue art recognised in income over the Per[L￿ in which the related costs ire ￿l￿d. Grdnts rcl8ting to 1S5ets aiy [￿QgnI￿d ov¢r the ¢xpErtcd ￿[￿1 lift of th¢ &sseL Where part of 8 grathi F¢lating w an asse¢ is deferre￿ it is ieco8Thised as deferrnl in¢om¢. Taxatio Thc charity is consider￿ to pass thc tests 5Ct (wjt tn Paragraph I SthAlul¢ 6 of the FinDnc¢ A¢t 2010 4Dd th¢r¢fore li me¢ts th¢ definition of ) ¢lJaTitable ¢ompany for UK ¢orw)ration trx pwpws. A¢¢0rdin￿Y, charity is p)tentialty exemw from l&¥ation in TesFeci of income or (apitsl gain5 received within cate¢vories covered by Chapler 3 Part I l of the CoTporation Tax knt 2010 or ￿lon 256 of the Ta¥atiOD of Clwg¢•ble Gairf 1992. 10 the ex*nt suth in¢(ffne or 4Te alyli￿1 eXd￿IveIY to dwit8bl¢ purpos¢s. Taugible fjxed %ssets Individual fixed 855ets costing £0.￿ or more are initially rtcordEd at CC6L le55 any 5ub5cqucnt accumulatd depreciation and 5ubsequcnt accumulat￿ impdirmcnt Ios5e5. Depr¢cigtion and amortis*tiOII Deprcci8tion is provided on tangible fixed assets 50 as to vlrite off the cost or valvalion. le55 any estimate41 residual value. over their expecieil useful life &$ follow5: Page 11 Notes lo the Finaneial Ststements for the Year Ended 30 November 2023 Tr￿e d¢btors Tnde debtors art due fr(xn for merd￿lse sold or 5ervice5 wftsrn￿ in the (wdijwy outsc of busiThc5S. Trade debtors are recognised iThitially at the ÉraLsxtiCffl Fffice. They are yjbsequently measured ￿ amortised u)5t using the effective interest method. less provisic￿ impaiFmert. A provision for thc irnpiment of trade debtors is establish￿ Wh￿ th¢r¢ is objpXÈveevid¢ttt that the (tsity will n¢X be able to collect all amounts due accordin8 to the ori8ina] tern￿ of the rtceivable& Cgsh xnd cash equivalents C¥h and e&sh equivalettts ¢ompris¢ Lxsh on hand and call depjsits: aThl other short-lerm highly liquid investrnents that aTe readily convertible lo a kno￿1 amount of cash and are subj¢rt to )n insignificant risk of ¢hang¢ in value. Borrowings Int¢rE5t.bvaring borrowings are intts311y recordcj at fair valu@ net of I[2nsa￿lon costs. Imerest-bearing borrowings are subwu¢ntly carrie4J * 8mortised w with the difference tetwttn the F