WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
CHARITY NUMBER 1132653 COMPANY NUMBER 06822148
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
Page
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1 Company Information
2 Directors Report
3 - 4 Independent Examiner’s Report
5 Statement of Financial Activities
6 - 7 Balance Sheet
8 - 10 Notes to the Accounts
Additional Page for Management
11 Income and Expenditure Account
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
Registered in England and Wales On 17th February 2009 Company Number 06822148
COMPANY INFORMATION
REGISTERED OFFICE
Unit 3A Westland Distribution Park Winterstoke Road Weston-super-Mare North Somerset BS24 9AD
DIRECTORS/TRUSTEES
DIRECTORS/TRUSTEES R D Ray V E Ryland (Resigned 1st January 2022) P Fox S Russe C A Williams SECRETARY J R Ryland-Brown INDEPENDENT EXAMINER David K Hardiman Chartered Accountant 13 Boulevard Weston-super-Mare North Somerset BS23 1NR BANKERS Lloyds Bank Plc 2 South Parade Weston-super-Mare North Somerset BS23 1JL
REGISTERED CHARITY NUMBER 1132653
1
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
THE DIRECTORS’ REPORT
The Directors submit their report together with the accounts for the year ended 31st March 2022.
1. Activities
The principal activity of the company is the provision of accessible transport for the aged, disabled and socially excluded.
2. Directors/Trustees
The Directors/Trustees in office at the end of the year were as follows:-
R D Ray P Fox C Williams S Russe
All Directors/Trustees shown above have served on the board throughout the year. V E Ryland resigned as a Director/Trustee on 1st January 2022.
In preparing this report advantage has been taken of the small companies exemption.
BY ORDER OF THE BOARD
................................................... Mrs J R Ryland-Brown Secretary
6th July 2022
2
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
INDEPENDENT EXAMINER’S REPORT
Independent Examiner’s Report to the Trustees of Weston & District Community Transport Limited.
I report on the accounts of the Charitable Company (Charity Number 1132653) for the year ended 31st March 2022, which are set out on pages 5 to 10.
Respective responsibilities of Trustees and Examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. The Charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the applicable Directions given by the Charity Commission (under section 145 (5) (b) of the Charities Act), and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material request:
- the accounting records were not kept in accordance with section 130 of the Companies Act; or
Continued on Page 4.
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
INDEPENDENT EXAMINER’S REPORT (Continued)
Independent Examiner’s Statement (continued)
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
...............................................
David K. Hardiman FCA Chartered Accountant 13 Boulevard Weston-super-Mare North Somerset BS23 1NR
6th July 2022
4
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2022
INCOMING RESOURCES Income and Endowments from: Donations Memberships, Donations & Sponsors Charitable Activities Grant Income Bus Income Contract Midas Training Fuel Rebates NSC Covid Grants Furlough Received Sale of Scrap Sale of Fixed Assets Investments Bank Interest Received Total Incoming Resources Resources Expended Expenditure on: Charitable Activities: Wages and Costs Vehicle Costs Office and Garage Costs Staff and Volunteer Costs and Training Depreciation Other Resources Expended Legal, Professional and Accountancy Marketing and Administration Costs Other Expenses Total Resources Expended Net Surplus of Income for the Year Reconciliation of Funds Total Funds at 1st April 2021 Total Funds at 31st March 2022 |
2022 Unrestricted Funds £ £ 2720 60000 625748 4320 9876 - - 143 8625 708712 10 711442 405081 158061 10646 2284 37651 8361 10719 3390 636193 75249 305685 £ 380934 |
2021 Unrestricted Funds £ £ 3997 85000 394035 115 12793 62990 14563 - - 569496 17 573510 298853 114226 11300 - 18070 5159 10035 1790 459433 114077 191608 £ 305685 |
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5
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED (COMPANY NUMBER 06822148)
BALANCE SHEET AS AT 31ST MARCH 2022
Notes Fixed Assets Tangible Assets 1f, 2 Current Assets Debtors 3 Cash at Bank and in Hand Creditors:Amounts falling due within one year 4 Net Current Assets Total Assets Less Current Liabilities and Net Assets Funds of the Charity Unrestricted Funds Total Funds |
2022 Unrestricted Funds £ £ 125400 96351 185609 281960 26426 255534 £ 380934 380934 £ 380934 |
2021 Unrestricted Funds £ £ 53651 59003 217032 276035 24001 252034 £ 305685 305685 £ 305685 |
|---|---|---|
Continued on Page 7.
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED (COMPANY NUMBER 06822148)
BALANCE SHEET AS AT 31ST MARCH 2022 (Continued)
For the year ended 31st March 2022, the Company was entitled to exemption under Subsection 1 of Section 477 of the Companies Act 2006. The members have not required the Company to obtain an audit of its accounts for the year in accordance with Section 476. The Directors acknowledge their responsibility for ensuring that the Company keeps accounting records which comply with Section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its result for the financial year in accordance with the requirements of Sections 394 and 395 of the Act, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company.
These accounts have been prepared in accordance with the provisions applicable to Companies subject to the small companies regime.
Approved by the Board of Directors on 6th July 2022 and signed on their behalf by:
................................................... R D Ray Director
The Notes on pages 8 to 10 form an integral part of these accounts.
7
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
a) Basis of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Companies Act 2006, the Statement of Recommended Practice: Accounting and Reporting by Charities and applicable accounting standard applicable in the UK (FRS 102) and with the Charities Act 2011.
The Charity constitutes a Public Benefit Entity as defined by FRS102.
b) Income
Donations are accounted for when received. Other Income is accounted for on an accruals basis as far as it is prudent to do so.
c) Gifts in Kind
The Charity receives the benefit of work carried out by volunteers. No value has been placed on this in these accounts.
d) Grants Receivable
Revenue grants are credited to the Statement of Financial Activities as received unless related to a specific period, when they are placed in a restricted fund until used.
e) Taxation
As a Registered Charity the Company is not subject to Corporation Tax.
f) Depreciation
Depreciation is calculated to write down the cost of fixed assets to their estimated residual value over their expected useful lives. The annual rates and method of calculation are as follows:
Motor Vehicles 25% Straight Line Office Equipment 25% Straight Line Computer Equipment 33% Straight Line
g) Leasing
Vehicles, Plant and Equipment acquired under finance leases or hire purchase contracts are capitalized and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.
Rentals payable under operating leases are charged to the income statement on a straight line basis over the period of the lease.
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
(Continued)
2. FIXED ASSETS
| 3. | Motor Vehicles Cost At 1st April 2021 195536 Additions 105200 Disposals (16909) At 31st March 2022 £ 283827 Depreciation At 1st April 2021 142505 Charge for the Year 36444 On Disposals (16909) At 31st March 2022 £ 162040 Net Book Values At 31st March 2022 £121787 At 31st March 2021 £53031 DEBTORS Due Within One Year Trade Debtors Prepayments Other Debtors - Value Added Tax |
Motor Vehicles Cost At 1st April 2021 195536 Additions 105200 Disposals (16909) At 31st March 2022 £ 283827 Depreciation At 1st April 2021 142505 Charge for the Year 36444 On Disposals (16909) At 31st March 2022 £ 162040 Net Book Values At 31st March 2022 £121787 At 31st March 2021 £53031 DEBTORS Due Within One Year Trade Debtors Prepayments Other Debtors - Value Added Tax |
Equipment Total 9352 204888 4200 109400 - (16909) 13552 297379 8732 151237 1207 37651 - (16909) 9939 171979 3613 125400 620 53651 2022 2021 £ £ 83895 50622 2546 1803 9910 6578 £ 96351 £ 59003 |
Equipment Total 9352 204888 4200 109400 - (16909) 13552 297379 8732 151237 1207 37651 - (16909) 9939 171979 3613 125400 620 53651 2022 2021 £ £ 83895 50622 2546 1803 9910 6578 £ 96351 £ 59003 |
Equipment Total 9352 204888 4200 109400 - (16909) 13552 297379 8732 151237 1207 37651 - (16909) 9939 171979 3613 125400 620 53651 2022 2021 £ £ 83895 50622 2546 1803 9910 6578 £ 96351 £ 59003 |
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283827 |
|||||
| 142505 36444 (16909) |
|||||
162040 |
|||||
| 121787 53031 |
|||||
| 620 | |||||
| £ | 2022 £ 83895 2546 9910 96351 £ |
9
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022
(Continued)
| 4. 5. |
CREDITORS 2022 2021 £ £ Due Within One Year Trade Creditors 9327 11368 Corporation Tax - - Other Taxation and Social Security 4395 3449 Accruals 12091 8545 Other Creditors 613 639 £ 26426 £ 24001 STAFF COSTS AND TRUSTEES REMUNERATION Salaries 369016 284750 Employers National Insurance 28246 10930 Employees Pension Cost 7819 3173 £ 405081 £ 298853 |
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The average number of employees during the year was 16 (2021 9).
No employee received remuneration exceeding £60000.
One trustee was paid £4375 (2021 £3141) as Accounts Assistant in the Finance Office and one trustee was paid £356 (2021 nil) as a driver.
No trustees received remuneration or were reimbursed expenses in the current or previous period in their role as Trustees.
10
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2022
£ Memberships, Donations and Sponsors Local Authority Grants Bus Income (Includes NSC Concessionary Fares) Contract Midas Training Fuel Rebates NSC Covid Grants Furlough Received Sale of Scrap Sale of Fixed Assets Interest Received |
2022 £ £ 2720 60000 625748 4320 9876 - - 143 8625 10 711442 |
2021 £ 3997 85000 394035 115 12793 14563 62990 - - 17 573510 |
|---|---|---|
Less: Expenses
| Wages and On-Costs 405081 Vehicle Costs - Fuel 68957 - Repairs 50512 - Insurance & Tax 38592 Office/Garage Costs - Repairs 1185 - Service Charges & Utilities 2245 - Rent 7216 Legal and Professional Fees (Inc. Public/Employers Insurances) 1738 HR, Health and Safety and Training 5773 Accountancy 850 Staff and Volunteer Expenses 596 Staff Advertising and Uniform 1688 Stationery and Computer Supplies 8106 Telephone (inc. Vehicle Mobiles) 2262 Postages 351 Sundry Expenses 2844 Bank and Credit Card Charges 546 Hire Purchase Interest - Depreciation 37651 Net Surplus for Year £ |
636193 75249 |
298853 28627 56010 29589 1163 3390 6747 2357 2052 750 - - 7547 2026 462 1407 214 169 18070 £ |
459433 114077 |
|---|---|---|---|
Net Surplus for Year
11