WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
CHARITY NUMBER 1132653
COMPANY NUMBER 06822148
WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
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 R D Ray P Fox S Russe R Bailey (Appointment 22nd November 2023) J Chard (Appointed 1st January 2024) D I Rudge (Appointed 20th February 2024) C A Williams (Resigned 20th February 2024)
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
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
THE DIRECTORS’ REPORT
The Directors submit their report together with the accounts for the year ended 31st March 2024.
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 S Russe R Bailey J Chard D I Rudge
R Bailey was appointed a Director on 22nd November 2023. J Chard was appointed a Director on 1st January 2024 and D I Rudge was appointed a Director on 20th February 2024. C A Williams resigned as a Director on 20th February 2024.
All other Directors/Trustees shown above have served on the board throughout the year.
In preparing this report advantage has been taken of the small companies exemption.
BY ORDER OF THE BOARD
................................................... Mrs J R Ryland-Brown Secretary
8th August 2024
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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 2024, 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
8th August 2024
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2024
INCOMING RESOURCES Income and Endowments from: Donations Memberships, Donations & Sponsors Charitable Activities Grant Income Bus Income Contract Midas Training Fuel Rebates 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 2023 Total Funds at 31st March 2024 |
2024 Unrestricted Funds £ £ 8612 60000 829693 1457 21805 26517 939472 1986 950070 604606 226480 10697 2012 60901 9852 13159 7626 935333 14737 433570 £ 448307 |
2023 Unrestricted Funds £ £ 5394 60000 788675 3741 19113 8437 879966 131 885491 517913 214094 12137 8612 52092 9252 12484 6271 832855 52636 380934 £ 433570 |
2023 Unrestricted Funds |
2023 Unrestricted Funds |
|---|---|---|---|---|
| £ 5394 60000 788675 3741 19113 8437 879966 131 885491 832855 52636 380934 433570 |
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED (COMPANY NUMBER 06822148)
BALANCE SHEET AS AT 31ST MARCH 2024
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 |
2024 Unrestricted Funds £ £ 128458 102271 243118 345389 25540 319849 £ 448307 448307 £ 448307 |
2023 Unrestricted Funds £ £ 119203 103373 241561 344934 30567 314367 £ 433570 433570 £ 433570 |
2023 Unrestricted Funds |
2023 Unrestricted Funds |
|---|---|---|---|---|
| £ 119203 314367 433570 433570 433570 |
Continued on Page 7.
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED (COMPANY NUMBER 06822148)
BALANCE SHEET AS AT 31ST MARCH 2024
(Continued)
For the year ended 31st March 2024, 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 8th August 2024 and signed on their behalf by:
................................................... R D Ray Director
The Notes on pages 8 to 10 form an integral part of these accounts.
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
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 2024
(Continued)
2. FIXED ASSETS
| Motor Vehicles Cost At 1st April 2023 318970 Additions 75290 Disposals (14100) At 31st March 2024 £ 380160 Depreciation At 1st April 2023 202130 Charge for the Year 59851 On Disposals (8966) At 31st March 2024 £ 253015 Net Book Values At 31st March 2024 £127145 At 31st March 2023 £116840 DEBTORS Due Within One Year Trade Debtors Prepayments Other Debtors - Value Added Tax |
Motor Vehicles Cost At 1st April 2023 318970 Additions 75290 Disposals (14100) At 31st March 2024 £ 380160 Depreciation At 1st April 2023 202130 Charge for the Year 59851 On Disposals (8966) At 31st March 2024 £ 253015 Net Book Values At 31st March 2024 £127145 At 31st March 2023 £116840 DEBTORS Due Within One Year Trade Debtors Prepayments Other Debtors - Value Added Tax |
Equipment 13552 - - |
Equipment 13552 - - |
Equipment 13552 - - |
Total 332522 75290 (14100) 393712 213319 60901 (8966) 265254 128458 119203 2023 £ 91507 2172 9694 103373 |
|---|---|---|---|---|---|
380160 |
13552 | ||||
| 202130 59851 (8966) |
11189 1050 - |
||||
253015 |
12239 | ||||
| 127145 116840 |
1313 | ||||
| 2363 | |||||
| £ | 2024 £ 90642 2050 9579 102271 £ |
3. DEBTORS
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
(Continued)
| 4. | CREDITORS Due Within One Year Trade Creditors Corporation Tax Other Taxation and Social Security Accruals Other Creditors £ |
|
|---|---|---|
| 5. | STAFF COSTS AND TRUSTEES REMUNERATION Salaries Employers National Insurance Employees Pension Cost £ |
568644 30685 5277 604606 £ |
495657 17796 4460 517913 |
|---|---|---|---|
The average number of employees during the year was 37 (2023 28).
No employee received remuneration exceeding £60000.
One trustee was paid £453 (2023 £4902) as an Accounts Assistant in the Finance Office.
No trustees received remuneration or were reimbursed expenses in the current or previous period in their role as Trustees.
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WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2024
£ Memberships, Donations and Sponsors Local Authority Grants Bus Income (Includes NSC Concessionary Fares) Contract Midas Training Fuel Rebates Sale of Fixed Assets Interest Received |
2024 £ £ 8612 60000 829693 1457 21805 26517 1986 950070 |
2023 £ 5394 60000 788675 3741 19113 8437 131 885491 |
|---|---|---|
Less: Expenses
| Wages and On-Costs Vehicle Costs - Fuel - Repairs - Insurance & Tax Office/Garage Costs - Repairs - Service Charges & Utilities - Rent Legal and Professional Fees (Inc. Public/Employers Insurances) HR, Health and Safety and Training Accountancy Staff and Volunteer Expenses Staff Advertising and Uniform Stationery and Computer Supplies Telephone (inc. Vehicle Mobiles) Postages Sundry Expenses (inc. Tracker Charges) Bank and Credit Card Charges Depreciation Net Surplus for Year |
604606 78773 100625 47082 1517 2370 5782 7876 1073 1250 1633 1060 7365 4679 1115 6790 836 60901 £ |
935333 14737 |
517913 95603 78821 39670 1582 2949 7606 6036 2216 1000 6405 2207 9194 2538 752 5438 833 52092 £ |
832855 52636 |
|---|---|---|---|---|
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