Compan). ￿gIs￿dtiDrt number: 06438248 Charitj, Itgisirniion nuinb¢r' 1126.292 North Wealden Community Transport Partnership Ltd (A company limited b), guthrnntee) Annval Rewrt and Financiol Sthiements ror the Yetsr Cnd¢d 30 Noi'ember 2024 *AE90PAY0• 1510812025 COMPANIES HOUSE AB #202 Contents Reference and Administrnlive Deiails Sirntegic Rewrt 2to3 Stsi¢ment of Trustees, R¢stK)nsibiliiies Independent Examinerfs Re￿rt S￿l(Ment of Financial Aciivitics 7￿8 Balance Sheet Noles to the Finuncial SthtemLnls 101018 Reference and AdmiDlStralive Details Truslees Ihvid GrahJm Timothv Denning Sptrrom" Anthony Allen (resigned 5 Febrn8f+' 2025) Geoffte). Willinqale Craii,ford Linda GrahJm Michael Stannin8 Tollil Dal'id Watson Prlnclpgl Offlee Suile IA The Bvre Hodor¢ Farni Upper Flartlield Ea￿ Sussex TN7 4AR Compwny Rtglslratlon Number 06438248 Chirlty RegistratioD Number 1126292 Independent Eximlner Jonathan Lynn MA.'FCA Page I Strategic Report for tbe Year Ended 30 November 2024 Aims And Pknrpo Nortli Wcalden Communit), TrJnsp)rt PaTthership LiMi￿d oims lo prni'id¢ aifordable and acccssible public trJnsp)rt to lotral residen￿ in North Wcalden and the w￿)￿nding Jrea. Objectives and Aelh,l¢les The object of ihe eharily 1$ io pfoi'ide comrnunilv Iransix)rt 5crvicc3 for tht public benefit in Nrnl areas for people litho arc I'ulnerable OT disoth'antagcd because of age: sicKncs& disabilill" (mental or phJ"sical). wirerty, or because of 14Lk of ui'&il#bilii!' of adequaie wid appmprialc public passenger seTh'ia* theJrb)' helpin8 ihem lo combui &ocial i501ation and InCre￿e personal indepertdence. The Comwan) seeks io otrTer a rnnse of communil). irnnsiKIrt scn'i¢es ii.ithin North Wealden ond its environs: this ma% include parts of Easl and M'esi aJ)d North Ivesi Kent lo enable seTh'ice coniinuil).. Aehlevem*nts Perforrnloee Durino the iii'¢lve months lo the end of Nov¢mber 2024 Ihe Compon!. a)ntinued io do its best 10 Dchie%'c ils sthied objecli¥'es ond to proi'ide communil)" 5UPtKirt to iulnernble people in the lool commL￿11)". Pa55cnger numbcr5 usin8 the core dOOTri￿Wr 5hoppin8 sm'ice for elderl!. ond disubled peoplc and th05¢ i%'ithoul acc¢ss lo public tranS￿rt continued ￿ groii.. ii'hile a lthi, ￿gUltsr wJ55en8ets Siill unable to 80 out benetited from a personal shopping seTr'ice. ii'ith gro￿1￿ deli¥ered kn their homes. The Compan), 4x)ntinued io operdle a (¥)ntraci ii'ith Su&sex Counl!. Council ￿ operdie three limetabled rnrdl bus routes. Passenger numttis on these n>utcs rose S￿dI1¥ thtoughoui tht Kear. The companv also able io offrr Iraft¥￿rt to Sllfimming se5sion5 for o Iotrdl priman, school. and for 8TOUPS requiring for Communi￿ trips. The nUm￿r of volunieeTS drii'ing durin8 the ).￿ Ill￿d there 6 paid employees. including 4 part4ime paid drii'¢rs tor the contract iivrk., wid p￿￿-1$me 05mtions and Office fv1onogers. Seven unpaid 'fruSTees o%¢￿%¥ govemance issue& and four timts during Ihe )'ear. TIID fvrthef i'olunittrs helped ivith fund rnising and oiftce dminis1rn1ion. Sern'icrt Mtre operated on a ￿11-cOSt￿￿1￿'. non protit basis using ￿0]Unteer-dri1.en actes5ible minibuses. ODe of vhich u'as don8ied through a Goi'emmeni sch¢me in 2016, ond ii'er¢ bv char8ing affordable Illr￿, by donations. b), contributions from parish ￿Uncl15. and b). a threL4)"fdr S¢Tr'irt Lei'el Agreement Grant trom Wealdcn Dislrict Council in an afflounl o1-£5i(KJ ￿ Innum. Fwid quart¢rl)' on submission of a nwniloring re￿)rt. In 511mmary. the Comwi), li￿ able Io u5¢ its resour￿5 to ujntinue lo probide Lijmrnunity trdnsFKJrt services for the benelit of the public. Wicularf)" those UFwblL to usc reEular bu5 5mice5 And oldew people liiiing alone or in shellei'ed housing in Nlurth Wealden during 2024. The wioible benefiLS from the Comwanv's activilies in this predomin42ntt)" rurnl ayc: relicfollonelin¢5s, helping t￿PIc to lii'e indeF*ndent lii"e5 bj providing door-to-door transport lo shorffj: also proi"idTng op￿rtuni11¢S for i￿lUnteering ond emplolmcnt. The tru5te¢s ivlK• are diTrciors of the u>mpan) lor thc p1w￿Se5 or(￿pan). laAI" prescni their slrat¢8ic fcFK>rt for lh¢ Year ended 30 No%ember ?023 in complithnce iiith section 414C of ihe CorDWiCS Act 2006. Page 2 Strdtegie Report for Ibe Year EDded 30 November 2024 The strnie8ic reiMIrt lias approi'ed bi, the trusiees ofthe ch8f¢t>• on 28￿7￿2Q2s..0nd signed on its behalf b)" Mr DMK Gr8ham. Trustre Page 3 ststernent of Trustees. ResponsibilitRes The Iruslees (ivho are also the direetots ofNorth Wealdcn Communil!. Trnnswjrt Partnership Ltd for ihe puT￿SeS of cornpony laiy) are responsible for wewrin8 the financial sthlcments in accordance i¥'ith Ihe United Kingdom Ac¢ouniTng Stsndards (United Kingdom Generall). Accepted Accounlin2 Pr3Ctice) and applicable laii. and regulo1iOnS. Comp¥J)y luiv requirts the trnsiees financtal $￿tements for exh financial J'ear. Ilnder compan> laiv the irusicas musl not approve th¢ financial y01cmcn￿ unless th￿. SQt15fied ihai ihry gil'e 8 Int¢ and loir i'icii. of the slate of affairs of thc charitsble comFubN" and of its incoming resourrts and application of rvA)urces. including its income and expenditure. for thai ￿riod. lfft weparing these finarteial SL*ements: the trustees are required io: seled suitsble accounlin8 ￿11¢•¢5 and appli. them consiA¢oil}': obscrve Ihe Inethods and principles in Ihe Charilics SORP. make judgements and ¢stimales are ￿SOnable and prudent: siale wh¢ther applicable UK A￿oUnting Standthrds haiy been folloived. subjcct to anv matcriol dcparturcs disclos¥d and eAplaiiied in the financial swements- and prepare the financial sthtements on the going conLtrn basis unless il is inappn)PTiaie to presume that ihe ch8rithble compan!. will continue in business. I"he I￿Stee$ ure reS￿nSIble tor keeping adcquttie accowitin8 TecoTd5 thoi fft suflicient (o show and ¢Nplatn the charitable compon) s tranqaciions and disclose iviih ¥eosonabl¢ accurnL)' Ji &ni' lime ilie financial position ol. Ehe Charl￿ble compan!. and Lnable them 10 ¢4)sure thai ihe fuwi¢tal s¢al¢ments L￿mplI1 M'ith th¢ Companies Act 2006. Thev Jr¢ also reS￿nsIble for 5ofe8u8rding ihc I￿5¥15 of thc charitablc compan) 8nd h¢ncc (or taking reasonable steps lor the prevention and deiethion of Iraud and other ifwularitiek Approi'ed by the tn￿CeS of the charih. on 28107125. and signed on its behalf by: Dai'id Grahiim Truslee Ptt8e 5 Independent Examiner's Report to the trnstees of North Wealden Community Transport PartDerJbip Ltd I rep)rt on the accounts ofihe ch8Tii> for the)'.ear ended 30 November 2024 itrthich are sel oul on pages 7 10 18 . Respective respon5ibiltlie5 of tru5ttts and eiamiDer Thc trnstees (utho are dlso the dirccwts of the compan!, for the purwses of COMFK￿y laiy) are responsibte for the pr¢paralion ol-lhe accounts. The Iruslces consider ihat an audil is nol rcquircd for this )'ew under section I4￿2) ot the Chgriti¢s ALt 2011 ithe 201 l Aci) Ind that an Inde￿dent examin&lion is nLYthd. Hal'ing satisfied m)self thai the churil!" is not gjbject to audil under cofflpan!. laiv and is eligibFe for independent eyamination. il is mi" wnsibilil)I 10- eiarnine the accounts under section 14) of the 2011 A lo folloiv Ihe pr￿edureS laid doiiTr in the genernj Dlrrylions 8iien ￿. the ChAril)" Commi&sion under section 145(51(b) ofthe 201 l Act; And stale M'hether particular mauets kn* come ￿ mi aiienl'ion. B&s15 ofindependenl eiamlner's report M), eiaminalion i%'a5 ￿rrIed out in acc(Kdt)nce ivith the genernl Di￿tionS giircn b), Ihe Charih. Commisston. An ¥amination includes a rei'ieii, of the accounting records K"epi by the chwil), and a c&)mparison of ihe accounts prcsenied ii.iih thosc Ircords. It 4150 iududL3 considcrntson ofonv i(cms or disclosur¢s in ihc accounts, and sttking e.Iplanations fmm )'ou os lrniecs concerning an!, such maitets. The pn>cedures undertaken do noi provide all the ei'idence i1￿Uld bc requiled in on audil and consequentli. no opinion is given as lo ii'hether the accounts pr¢seni a 'true ond foir i'ittv and the report is limited io thoK m•liW5 scl oul in th¢ 51alcm¢n¢ beloii.. Independent e¥amioer'5 Stalemenl In connection ivith m) e%aminaiion. no muiicr has come lo m). all¢nlion: (l ) ii.htcli 8iiies me rcasotioble cause to beliu"e ihul in on)" moterial rry)ecl the rcquirements: . ts) keep actOUniin8 TecoTds in acctydw 5CCtion 386 of the Cornpanits Act 2006. tsnd to prepare accounts ii,hich accord ii'ith the Jccountine rewrd5. Lyjmplii ivith the accounlin8 r¢4uirements of section 396 of the Comwnics Aa 2006 pnd Aiith the meihods and PTinciple5 of th¢ Sialcment of Recommended Prnctice: Accounting and Re￿I￿1ng b), Chvities have nol becft meL" or (2) to ivhich, in my Opinio￿ all¢ntion should in Order to enkble o proper understhnding of the ottounL8 to be reached. Jon L)'nn 21J 025 Page 6 Statement of Financial Activities for tbe Year Ended 30 November 2024 (Including IDcome and Expellditsre Aecount and Statement of Total Recognised GaiDS alld IA)w) Unrtstrieted fuDds TotAI 2024 Note Income EDdowmtats from: Donations l￿d leg consiSt¢ntlJY applicd w all thc y¢ar5 prr5¢nlcd: unless dhcThiisc slated. Stmlemtnt of¢ompllaote Tlie financial statements hatre been p￿t￿Ted in aco)rdance iiith AcLY)unting and Reporting by Charities: Stalement of RecomTnended Praclicc appliLablc to LharitlC5 prerJring th¢if aLwunts in aLcordanLc Hith the Financial Re￿rtIng Siandard applicable in the UK •nd Republic of Ireland (FRS 10)) (eifeL%ive l J8nuary' 2015) - (Churilies SORP (FRS 102)). the Finttntial ReiM>rting Stanthrd appli￿ble in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Basis of preparation NoJ1h Wculden Community.. Transpon P4rlnership Lid mcds thc defiiiilion ora publi¢ benefit enlili, under fRS 102. Assets and liabililies are inititsllv r(*ognI￿d ￿ his1ot1￿1 COA or Irdnsaction imlue unless othen4ise staled in the relevanl accounling I￿11¢} no*s. Going contern The trustees considLr there are no muterial uncertainties alM)ul the charily's abilit!. lo conlinue 4$ a going on¢ern nor anK' 518nifi&tht area8 of urtL*rttiinhi ihai affttt the carry'ing i'alut of assets held b). the churily. Exempllon from prnp4rln8 a cash stlltement Th¢ charity, opied io ovli. adopt Bulldin I publi5heil on 2 FebruAry 2016 and thereforc not included a cash flomt siaEemeni in thr•C financial AalemLThts. Intome endowmeTrts All income is recogni5ed once the chafilv h&8 eniiilemefil to the in¢om¢, it is probable thai Ihe income ivill be receii'cd and the amouni of the incrjme r¢ccii'ablc cwi be mC￿Ured reliobly. Donailons andle¥ddeJ Donations are T¢cogni5¢d ivhen the diaril), been nolified in KTilin8 of txith the amount and settlement dale. In the eveni ihat a donalion 15 subjeci ts) condilions Ihgl require g leNTI of wforniftnce by the charii), before the charil). is entiilcd to the funds: the income 15 delcrTed and not rtcooniscd uniil cithcT those conditions nre full)I met. or the fuifilment ofihose L￿ndItionS is i¥lxi11I7 Aithin the control ofthe charili, and it is prDbable thai these condilion5 will be lulfilled in the r¢portin8 period. Pa8e 10 Notes to the Finaoeial Ststements for tbe Year Ended 30 November 2024 GraJ￿ receitsable Grants are recognised Mthen the charity has on entitlemeni ￿ the fund5 and gnj, u)ndi(ions link.ed to Ihe grants haile been mei. Where pcrformance conditiQR5 •r¢ *io¢h¢d kn the 8rJn¢ and are to b¢ meL the income is rccognised as a liabilitv and 3nclud¢YJ on the balancv, 5h¢¢l d¢f¢rrYd incom¢ (o b¢ ￿1¢￿5¢ lAv£%1n￿Rl incon Dividends are recognised once the ds1¥idend h&8 been declared and n￿Lfi￿allOn has been received of the diVid￿)d due. Eipenditure All eypendiiure i.q reo)8nised or¢ce the¥e is a legal or COnSI￿lI.e obligation to that &¥pendiluo it Is prt)bable seulemenl is ￿quIre for UK corporniion purpjscs. Accordingl>. the charity. 15 ￿tentIall}. exernpt frorn I￿allon sn respect of income or capitsl gains received Ai"ithin categories coi'ered b)1 Ch8PtLr J Part I I of the Corporntion T&1 Act 2010 or Scrtion 256 of th¢ T&¥atiL)n of Ckn8￿le Goins Acl 1992. to the ex*nt th such inLome or gains arc applied exclusiitl), ￿ charitable p￿r￿SeS. Tangible filed assets Individual fi.led &ssets cosling £0.00 or more arL' inilially rccorded less any subsequeni thccumulated deprecialion and subsequent accumu1411ed irnpainneni l(Fs%es. Pagell Notes to tbe FiDantial Statements for the Year Ended 30 November 2024 Deprtclation and amortisAtion Depreciulitsn is pmirided on tangible fL¥ed 055cts 50 OS to iiTile oif thc cost or i'aluation. less an)" estimated residual value. otrer their exFKLlcd useful eLY)nomic life as folloiis: Trgde debiors Trade debiors are amounts due from Cu￿ornerS for methdise sold or gTh'icts ￿tOrnied in the ordinary course of busine￿. Trdde debiors arc r￿1)gnisl￿ iniliall), at the IransaLiion pricc. Th￿? 0￿ subscsuenil!, measured at wnortised c using the elTeclii'e inleresi meihod: less pmi'ision for imFmirnient. A proi'ision for ihe impBinneDI oftrad¢ deblors is ¢51ablishcd the￿ is objective Thidence thai the charits? iiill noi be able io colleel 811 tsmounts duc uccording io th¢ original le￿$ Dfthe reccivabl C85b and c85b equivglents Cash and cJsh equil,￿rnts comprisc Lxsh on hand ind trdll de￿51￿ &nd other slK)rt-term hiBhlv liquid inveqtments that are reodili. coni'ertible to a knoii'n amounl of ¢￿h are subject io an insignificfthl risk o(change in ¥alue. Borrnwlngs In1er￿-bearInB borroivings are ini(ialli' rtt￿rdL￿ ai f&ir iolue. net ol'irdn54ction costs. Inleresl-bearing ix>rroi¥ungs are subsequenili, curried ￿ ttm0rt1sL￿ u>sL ii'ith thc dilTercnce b￿￿Ten the ￿0cC¢d& nel. of ￿an￿tion costs. and the omount due on redemirtion bcing Jrcogniscd &5 a charge to the Sth*meni of Financ+al Aetivilie5 01.'er th¢ period of Ihe relevanl b)rroiiin Inlcrtsi t%￿nSe is ￿gnised on the IMsi5 of the e(fcaii'c interest mdh(xl und is included in interest P8)'able and slmilar charge Borroiiin8s ore classified &5 cuNeni liabilities unlvjy the choril!, has on ￿K¥indi110￿MI ri8hi (o defer settlement ofihe liabilitii for al lea￿ hitli'e months after the rtp)rting dai Fund strnttsre Unrestricted incomc fun&$ are genernl fiuKls Ihtst are ai'ailable for use at the tr￿￿ee$.$ discretion in furthernnce of the objectives of the chorilv. Fin#uti#l instrumeDts Clossificallon Financial assets and financial liabililics •re. reco_Rnised I4theD the chariLv bccomes a party.. to the contrnctual proiiisions of thc insinvnenl. Financial liabilities and equiti" illslrumajts art cla￿lfi&l acconling to thc substance of the ¢ODtraiiuol arrdngements enlered inlo. An equiti. inslTumen( is COntr￿L thai evidences a tesiduol Intere￿ in the assets ofthe charitjr after dLductin8 all ofits liubilities. Paoe 12 Notes to the FinaDci21 Statements for the Year Ended 30 November 2024 Recognilion measuremenl All financial 4wts 4nd liabilitie5 are iniuojl)" M￿Ured at tr8nsa¢lion price (includin8 tr0ft5aciion costs). ￿¢¢pl for thox. findncithl &8seLS elavsified as * fair i'8lue through profit or los& ithich art iniiially mrdsured at fair value (IvhiLh is normallj, the trnnsaciion pricc cxcluding transaclion LN)5ts)-. unlets the arrdnicment Lx)nslilules a financing tninstlclion. If an arrnnoemeni consiiwies a financing Iransaciion. the financial assei or Iinancial liubilih. ts MeaSu￿*d ai the presenl value ofthe liltu￿ paymtns discoUn￿d 3l a mark'el raieollntr￿ for a similar Ikbt instrument. Finllncial us5els and liabililics or¢ onlA' offse¢ in sujiefflenl vf f￿ancI81 ￿51(lOn ii,hw and onlv ii,hen there elists a le¥all)' enl"orredble right lo sei on. the rluwiised amowits and the dwil). inltnd5 eithry to sdile on a nd basi& or realise the assei and sellle the li•bilill' siMul￿e0￿$1)'. Financial assets a￿ deffwgniscd ii,hen und onl!. iilKn 4) the coniracuml riohts io IhL' cash (loi¥s 'from ihe financilll asset expire or 4re sellled. b) Ihe chDrits, Irknsfers io anoiher wdrtv subA3fttsall)y llll of the risks and reiiards or Olin￿Ship of the financial &%seL or c) tht cliarity,: despite hal'ing rfained some. bul noi all: sisnilicdni risks and vJrds of oi%mership.. ha5 ts¥nsferred conlrol of the wci to another Iwrt).. Financial liabililtes ore derewgnised onl)Y iith¢n the obligatlOlS spccifKd in the contract is discharged, c4nc¢lled or xpircs. Po8e 13 Noles to fhe Financial Stalements for the Year Ended 30 November 2024 Debi InslrunKnts Debi iiistTumenls iithich mtLX the folloiiing Conditions are subsequen￿1 measured at amortised eoxl. using the efTe¢tii'¢ interest method: (a) The contrncthal rdurn to the holder is (i) a fLxed amounL' (ii) a tK)sttii'e fixed r￿e or a p)sitii'e iariable rate; (>r (iii) a combinaiion of a ￿>S11•1'e or # negatii'c fixed Rte and a p)sitii¢ i'aTiable rnie. (b) l-he contracl mai. proi'ide lor re￿￿￿ents of the princi￿1 or the return to the holder (but noi iM)ih) to be linked io single relevani olwTrable index of geKral price innAtion of the cufftyia. in i%'hi¢h ihe debt in51rumeni is denominatcd. proi'ided such links noi ItN*raged. (c) The contrn¢¢ rnm. proi'ide for a dd(Yminable iwi*tion of the rehjrn to the I￿lder durin8 thc life of the instrumeDI, proi'ided thai (i) Ihe ne1￿. Ta￿ sarisfics condilion (a) and ihe i'jrialion 15 ft01 coniingeni on future evertLS oiher than ( l ) a change of a contsactual iwiablc rJle,- (?) lo prolect the holder agairtst credii delcriorJlion of the i.ssucr' (3) changes in levie5 applied b). 8 central Imnk or arisint from changes in relei'ani taxotion or1411-: or (li i ihc nthi, rnie is a market rale of interesi and sali$fiey eondition (a). (d) Ther¢ is no Lontr4clual proi'ision could. b). ILS ieThi4 resull in the hold¢r losin8 the principal amount or anv interest llttribuknble to the curreni period or prior periods. (c) Conlrnclual proi'isioTrs thai Femiit thc issuer a debt instrumeni or perniit th¢ holdcr lo pul it back io the issuer before rnalurity. are noi ¢ontin8enl on future ei'en(& othcr than ￿ protect the holder ogJin5t the credit ddLfiorniion of the issuer or a change in control of the if•uer. or io protra the holder or Issuer ll8QiQSI Chan8￿ in levies applied b). a ccntral or arisins from ehang¢s in vtlrn.ant l&iation or laii.. (n Conlrnctual PfDi'ision5 m#)" the e.%lcnsion of the iefm of the debt inyrnmeni proi.idcd ihat the retum lo thc holder and ani. oiheT cOn1rn￿uaI prn-i5ions applicable during the &Nlended ierni s￿1$17. Ihe ¢ondilions of pardgrnphs (a) to (c). Debt inslNments Ihal ure cI￿lfIL*1 p)'oble or rtceii'dble i%'ithin one )Ixr on inilial rcco8nition And ivhich mc the aboi'e conditions are masur¢d * thc undiscounied amount of the ￿811 orother tonsideraiion expecled to be paid or rtccii'ed, ncl of impairnKni. Wilh the cNc¢ption of sTrmc hed¥in8 ins¢nunenl& other dclx inslnments nol meeiing these condilions are measured ai fair iiulue throu&ih pmfit or loss. Commilm¢nts to make Jnd r￿c1Ve loan5 iithich med ¢ke condiiions menlioned aboi'e are Intstyured ttt (￿thich ma), be nil) le&8 impaimienL Inveslmeiits Ini'estmenls in nonwnimtible pff ference shllrcs and noryttnble ordingn. or preference shm (iihere share3 arc publicly traded or iheir fair i'alue is reliablN me&surAble) llre mvdsurcd ￿ fair i'aluc thmu8h profil or loss. Wherr fair valui. cannot be mwurcd reliabl),. inirsttnenLS ore measured ai cost I￿S impirnienL Investments in subsidiarie5 and &SSOCi&ILs are measured at C05[ Iw impairnienl. For investments in subsidiuries acquir¥d for considcralion including the issue of Shi)￿$ qualih'ing for mergu rclief, cosi is ￿￿￿red b), r¢leren¢e lo the nominal volue of the shgJes issued plus f4ir i'alue of other considerJtion. Am" premium is ignored. Pagc 14 Notes to the Financial Sialements for the Year Ended 30 November 2024 Derivalivefinonciolinslrnments The charl￿, uses derii'olii'c fiThaftcial in5tnThents lo reduc¢ exp￿￿ ￿ fureign eychttnge risk ond interest rnte moirements. 'fhe charitv does noi IM>ld or issue derii"atii"e financiol instru￿ts for speculatii'e purwses. Dcrii'atives are inilially recognised at fair value &i the da￿ a dtrivatiii is In￿ and tsrt. subwuentlv reMe￿ll￿d to Iheir fair value ai each ryrtino date. lthe resuliinB goin or loss is Ytaigniscd in stsienienl of flnwicial octii'ilics immedi81el!' unless the dcYiiJiiir is designaicd ond ¢ffeaii'e 45 o hcdging in51rymcn{ in Ithich evcnl. the liming of the rewition tn statement orrinancial aclii'ities depends on the nature of the hdge relationship. Folr value mell511renwnl The besi evidence of fair value is a quoied price for tsn idtntical &%set irb Jn aeiii'e mtsrkel. Ilthen quoted prices ar¢ unai?ailabl¢. the pricc of A rccenl trnrbsaciion for tsn identii*l a￿l Pfowsdes th'-idence ol. ftiir i'aluL' long as thc hgs noi been a significanl Lh&nge in cL￿n0￿1r bircum51ances or a sigDifiL?ni 1op5e uf (ime since the trJnsJcliun took place. Ifthe mdrkct is not active and Yeceni tsansaclions of an idcniicjl &sse¢ on their a good estima￿ of fair i'alue, the luir i'alue is ￿liM￿led b). using a i'plualion lechnique. 3 IDcome from donAlions and legACi¢S Uttyestrlcted fvnds To¢al 2024 Total 2023 General Donaiions and legllcies. Dontsiions ItDm individuals GraDts. including capital 8rant Govcrnmeni grants Regular givin8 and capits)I donaiions 1.799 2J41 &037 13.445 6.037 13.445 6.600 12,220 71281 21.281 21.161 4 Ifiton￿ from other IradlDe actlvllltt fuu Total 2024 , Total 2023 Trnding income. Ineome from proi'ision of bus Bus Sen'ice Opera￿r Grnni 87.491 543 79238 892 54] 88.034 88.Oi4 80.lio Page IS Notes to the Financial Statements for the Year Ended 30 November 2024 .S Investment income Unreslrltted funds Totgl 2024 Total 2023 Ceneral Inieresl receii'able and similar inLI)me' Interesl receivable on bank dewjsits 1.16) 1.165 369 6 EJpenditure on rhgritsble artivities Unrestritttd funds Total 2024 Tot&1 202J Gener*1 Nott Governonce costs 6.750 6.750 6.011 7 Net ineomlngloutgoing resources Net oul80in8 resources for ihe vf¥r include: 2024 2023 Deprecigtion of tixcd asseLS 12.825 12,223 8 Trustees reDJIIDer•tlon and e%p¢D5es 9 Staff costs The ag8r¢gate pavroll ￿$Ll iitre DS folloii's: 2024 2023 Staff costs duriDE tht )etsr were: lages and 5alari¢5 68.772 i8,735 No emplovee receiwcd emoluments of more ihan £60,(KIO during ihc Ywr. Page 16 Notes lo the Financial Sialemenls for the Year EDded 30 November 2024 10 THi4tlon The charity is 8 registered charit}. and is therefort eAempt fTom t&xation. I l Tangible rued Assets hlotor vebicles Compuler equipment Tol•l Al l December 2023 2)0.813 16.868 247,681 At 30 November 2024 2)0.813 16.868 247,681 Dtprerlatlon At l December 2023 Charge for the j'ear 194.724 I l.792 14.199 .033 208.923 12.825 AI 30 No¥'ember 2024 ?06.516 15232 221.748 Net book vAlue AI 30 No%ember 2024 24297 1,636 2).933 AI 30 Noi'¢mber 2023 36.089 2.669 - 38,758 12 Creditors: amouots falling due withln one y¢gr 2024 13 Fund$ B#l#ne¢ 30 November 2024 December In¢ominE resources Rt50urce5 tipended 202J Vnrtstricted funds General 1156.072) {110.480 127.723 (138,829) Balance at I December BalAnte #t 30 Iyovernber 2023 IDcomln% rtsouTctS. . Resourt e.Ipended 2022 UnrestTi¢ted funds General (164.870) {101.660 110.458 (156.072> Page 17 Notes lo the Financial Ststements for the Year Ended 30 November 2024 14 An*lysl$ of net •ssets belwtto funds Unrestricted ftsnds General Total funds "r￿gible fixed 0sseL8 Curreni awls 2).933 104.772 25.933 104.772 Totsl n¢t ass¢is 130 705 130.705 IS Anatysis of n¢t funds At l Dettmbtr 2023 At 30 November 2024 C4$h Ilow CL%h-*i bank'and in hand 109.820 (5,422) 104,398 Nei Cash 109.820 (5.422) 104,398 P88c 18