## **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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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 1 ## **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 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 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: - examine the accounts under section 145 of the Charities Act, - to follow the applicable Directions given by the Charity Commission (under section 145 (5) (b) of the Charities Act), and - 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.** 3 ## **WESTON & DISTRICT COMMUNITY TRANSPORT LIMITED** ## **INDEPENDENT EXAMINER’S REPORT (Continued)** ## **Independent Examiner’s Statement** (continued) - the accounts did not accord with the accounting records; or - 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 4 ## **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| 5 ## **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.** 6 ## **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.** 7 ## **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. 8 ## **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** 9 ## **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. 10 ## **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| |---|---|---|---|---| 11