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2025-11-30-accounts

Company registration number: 06438248 Charity registration number: 1126292

North Wealden Community Transport Partnership Ltd

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 November 2025

Jonathan Lynn MA FCA

Contents

Reference and Administrative Details 1
Strategic Report 2 to 3
Statement of Trustees' Responsibilities 5
Independent Examiner's Report 6
Statement of Financial Activities 7 to 8
Balance Sheet 9
Notes to the Financial Statements 10 to 18

Reference and Administrative Details

Trustees

David Graham (resigned 1 December 2025) Timothy Denning Sparrow Anthony Allen (resigned 5 February 2025) Geoffrey Willingale Crawford Linda Graham (resigned 1 December 2025) Michael Stanning Tollit David Watson (resigned 11 September 2025) Robert Nicholas Thomas Gordon-James (appointed 5 February 2025) Amanda Ryan (appointed 11 September 2025) Michael Stone (appointed 18 December 2025)

Principal Office Suite 1A The Byre Hodore Farm Upper Hartfield East Sussex TN7 4AR Company Registration Number 06438248 Charity Registration Number 1126292 Independent Examiner Jonathan Lynn MA FCA

Page 1

Strategic Report for the Year Ended 30 November 2025

Trustees Mr G W Crawford

Mr R Gordon-James (Appointed Trustee February 2025. Appointed Chair of Trustees November 2025)

Mrs L Graham (resigned December 2025)

Mr DMK Graham (resigned December 2025)

Mrs A Ryan (Appointed September 2025)

Mr TD Sparrow

Mr M Stone (appointed December 2025)

Mr MS Tollit

Mr D Watson (resigned September 2025)

Trustees' Report 2025

Aims and Purposes

North Wealden Community Transport Partnership Limited aims to provide affordable and accessible public transport to local residents in North Wealden and the surrounding area.

Objectives and Activities

The object of the charity is to provide community transport services for the public benefit in rural areas for people who are vulnerable or disadvantaged because of age, sickness, disability (mental or physical), poverty, or because of a lack of availability of adequate and appropriate public passenger services, thereby helping them to combat social isolation and increase personal independence.

The Company seeks to offer a range of community transport services within North Wealden and its environs: this may include parts of East and West Sussex and North West Kent to enable service continuity.

Achievements and Performance

During the twelve months to the end of November 2025 the Company continued to do its best to achieve its stated objectives and to provide community support to vulnerable people in the local community.

Passenger numbers using the core door-to-door shopping service for elderly and disabled people and those without access to public transport continued to grow, while a few regular housebound passengers benefited from a personal shopping service, with groceries delivered to their homes.

The Company continued to operate a contract with East Sussex County Council, operating three timetabled rural bus routes mainly used by concessionary bus pass holders. Passenger numbers on these routes rose steadily throughout the year.

The company was also able to offer transport for groups requiring transport for community trips.

Page 2

Strategic Report for the Year Ended 30 November 2025

The number of volunteers driving during the year was 11 and there were 5 paid employees, including 3 part-time paid drivers for the contract work, and part-time Operations and Office Managers. Seven unpaid Trustees oversaw governance issues, and met four times during the year. Three long-standing Trustees retired during the year, and three new Trustees were appointed, including a new Chair of Trustees. Two further volunteers helped with fund raising and office administration.

Services were operated on a full-cost-recovery, non profit basis using volunteer-driven accessible minibuses, one of which was donated through a Government scheme in 2016, and were funded by charging affordable fares, by donations, by contributions from parish councils, and by a three-year Service Level Agreement Grant from Wealden District Council in an amount of £5,500 per annum, paid quarterly on submission of a monitoring report.

In summary, the Company was able to use its resources to continue to provide community transport services for the benefit of the public, particularly those unable to use regular bus services and older people living alone or in sheltered housing in North Wealden during 2025. The tangible benefits from the Company's activities in this predominantly rural area are: relief of loneliness, helping people to live independent lives by providing door-to-door transport to shops; also providing opportunities for volunteering and employment.

Page 3

Page 4

Independent Examiner's Report to the trustees of North Wealden Community Transport Partnership Ltd I report on the ￿()unts of the ¢harity for the year ended 30 November 2025 which are set out on pA8¢5 7 to 18. Respective r¢$pons¥biliti¢s of trusttt5 and ex8miner The trustees (who are also the dircctors of the company for the purposts of company law) 8r¢ r¢5ponsible ftir the preparation of the accounts. The tsustees consider that an audit is not Tequirtd for ihis year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an indepet)dent examination 15 ne¢d¢d. Having satisfied myself that ihe tharity is not subject lo audii undtr company law and 15 ¢ligible for independeni examin￿10n. il 1$ my r¢swJnsibility lo: examine the account$ und¢T se¢tion 145 of the 2011 Ath. to follow the procedure5 laid d¢)WTL in the general Directions given by th¢ Charity Commission under sectlon 145(5)(b) of the 2011 Act,. and to slate whether particularmattus bave come to my att¢nlioJL B85is ofindependent ex8min¢r'J report My examination was eATri¢d out in accordance with thc general Dircctions 8iven by the Charity Commission. An examination includes a review ol the accounting records kept by the clwity wmp8ri50n of the acLounts presented with those records. It also it)cludes consideration of any uD￿Val irems or disclosures in the accounts. and seeking explanaiions from you as tnLSttt5 ¢on¢¢rning any such mallers. The prijeedures undertaken do noi provide all the evidence that would be required in an audil and coD5equently no opinion is 8iveti a5 to whether the accounts pres¢nl a 'tru¢ and fair view, and the r¢port L5 limited ¢0 those matters set out in the statement b¢low. Independent ¢xgminer's statement In connection with my examination. no matter to my attention.. (11 which give5 me reasonable cause to believe that in any material respect the requirements: to k¢ep accounrin¥ records in ￿ordan¢¢ with s¢ction 386 of the Companies Aci 2(4)6; and to prepar¢ a¢¢ouftts whith accord with the accountin8 records. ¢omply with ihe accounting requirements of 5¢ciion 396 of the COMp￿leS A¢t 2006 and with ihe rnethods and prineiples of the Statement of Recommertded Pra¢ti¢¢.' Accounting and Reportin8 by Charities have noi been me¢; or (2) to whictL in my Opinio￿ all¢ntion should be drawn in order to enable a proptt und¢r51aNJing of the accounts to be reached. Jona all Lynn MA FCA Date.. Page 6

Statement of Financial Activities for the Year Ended 30 November 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Investment income
5
Total Income
Expenditure on:
Wages and salaries
Motor expenses
Depreciation of motor vehicles
Depreciation of ofce equipment
Rent
Rates
Telephone and fax
Printing, postage and stationery
Sundry expenses
Cleaning
Light, heat and power
Trade subscriptions
Insurance
Total Expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
13
Note
Income and Endowments from:
Donations and legacies
3
Other trading activities
4
Investment income
5
Total Income		 Unrestricted
funds
£
18,025
89,741
1,031
108,797
(71,428)
(25,379)
(18,103)
(1,043)
(4,320)
(306)
(307)
(147)
(1,326)
(192)
(732)
(2,622)
(9,558)
(135,463)
(26,666)
(26,666)
138,828
112,162
Unrestricted
funds
£
21,281
88,034
1,165
110,480		 Total
2025
£
18,025
89,741
1,031
108,797
(71,428)
(25,379)
(18,103)
(1,043)
(4,320)
(306)
(307)
(147)
(1,326)
(192)
(732)
(2,622)
(9,558)
(135,463)
(26,666)
(26,666)
138,828
112,162
Total
2024
£
21,281
88,034
1,165
110,480

Expenditure on:

Page 7

Statement of Financial Activities for the Year Ended 30 November 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Raising funds
Charitable activities
6
Total Expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
13		 Unrestricted
funds
£
(120,973)
(6,750)
(127,723)
(17,243)
(17,243)
156,072
138,829		 Total
2024
£
(120,973)
(6,750)
(127,723)
(17,243)
(17,243)
156,072
138,829

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 13.

Page 8

(Registration number: 06438248) Balance Sheet as at 30 November 2025

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
Cash at bank and in hand
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
13		 2025
£
51,352
8,379
52,283
60,662
112,014
112,162
112,162		 2024
£
25,933
8,497
104,398
112,895
138,828
138,829
138,829

For the financial year ending 30 November 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on and signed on their behalf by:

Robert Nicholas Thomas Gordon-James Trustee

Page 9

Notes to the Financial Statements for the Year Ended 30 November 2025

1 Charity status

The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

North Wealden Community Transport Partnership Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Page 10

Notes to the Financial Statements for the Year Ended 30 November 2025

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 11

Notes to the Financial Statements for the Year Ended 30 November 2025

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Page 12

Notes to the Financial Statements for the Year Ended 30 November 2025

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 13

Notes to the Financial Statements for the Year Ended 30 November 2025

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

Page 14

Notes to the Financial Statements for the Year Ended 30 November 2025

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Regular giving and capital donations		 Unrestricted
funds
General
£
1,202
6,212
10,611
18,025		 Total
2025
£
1,202
6,212
10,611
18,025		 Total
2024
£
1,799
6,037
13,445
21,281

4 Income from other trading activities

Trading income;
Income from provision of bus services
Bus Service Operator Grant		 Unrestricted
funds
General
£
89,305
436
89,741		 Total
2025
£
89,305
436
89,741		 Total
2024
£
87,491
543
88,034

Page 15

Notes to the Financial Statements for the Year Ended 30 November 2025

5 Investment income

Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
1,031
6 Expenditure on charitable activities
Unrestricted
funds
Note
General
£
Governance costs
9,558
7 Net incoming/outgoing resources
Net outgoing resources for the year include:
Depreciation of fxed assets
8 Trustees remuneration and expenses
9 Staf costs
The aggregate payroll costs were as follows:
Staf costs during the year were:
Wages and salaries
No employee received emoluments of more than £60,000 during the year.		 Total
2025
£
1,031
Total
2025
£
9,558
2025
£
19,146
2025
£
71,428		 Total
2024
£
1,165
Total
2024
£
6,750
2024
£
12,825
2024
£
68,772

Page 16

Notes to the Financial Statements for the Year Ended 30 November 2025

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

11 Tangible fixed assets

Cost
At 1 December 2024
Additions
At 30 November 2025
Depreciation
At 1 December 2024
Charge for the year
At 30 November 2025
Net book value
At 30 November 2025
At 30 November 2024
12 Creditors: amounts falling due within
13 Funds
Unrestricted funds
General		 one year
Balance at 1
December
2024
£
(138,828)		 Motor
vehicles
£
230,813
44,403		 Computer
equipment
£
16,868
162		 Total
£
247,681
44,565
292,246
221,748
19,146
240,894
51,352
25,933
2025
£
Balance at 30
November
2025
£
(112,162)
275,216 17,030
206,516
18,103		 15,232
1,043
224,619 16,275
50,597 755
24,297 1,636
Incoming
resources
£
(108,797)		 Resources
expended
£
135,463

Page 17

Notes to the Financial Statements for the Year Ended 30 November 2025

Unrestricted funds
General
14 Analysis of net assets between funds
Tangible fxed assets
Current assets
Total net assets
15 Analysis of net funds
Cash at bank and in hand
Net cash		 Balance at 1
December
2023
£
(156,072)		 Incoming
resources
£
(110,480)
At 1 December
2024
£
104,398
104,398		 Resources
expended
£
Balance at 30
November
2024
£
127,723
(138,829)
Unrestricted
funds
General
£
Total funds
£
51,352
51,352
52,845
52,845
104,197
104,197
Cash fow
£
At 30 November
2025
£
(52,115)
52,283
(52,115)
52,283		 Balance at 30
November
2024
£
(138,829)
Total funds
£
51,352
52,845
104,197
52,283

Page 18