## ## ## ## ## ## |**Trustees / Directors**|D. Tinnion(Chair-from31.3.2022)
C.Tilleray
H.Sana
L.Wilson
R.Holland
A.Ryan(resigned-16.6.2023)
S.Dogra
I.Pierce (resigned - 31.12.2022)
B.Tilley (appointed -28.7.2022 resigned - 31.8.2023)| |---|---| |**Chief Executive**|John Chesters| |**Patron**|S.Pound| |**Registered Office**|Greenford Depot
GreenfordRoad
Greenford
MiddlesexUB69AN
Telephone: 020 8813 3210
www.ectcharity.co. uk| |**Company registration number**|07211806 (England and Wales)| |**Charity registration number**|1135354| |**Auditor**|BuzzacottLLP
130 Wood Street
LondonEC2V6DL| |**Banker**|National Westminster Bank
440 Strand
LondonWC2R0QS| |**Solicitors**|Bates Wells
10 Queen StreetPlace
LondonEC4RlBE
Russell-CookeLLP
2 Putney Hill
LondonSW156AB| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |**Service**|**Description**| |---|---| |PlusBus|Door-to-door journeys for people with mobility difficultiesorthose who
lackaccesstomainstream public transport| |Group Transport|Accessible minibus serviceforvoluntaryandcommunity organisations
(including charities, community groups and schools), assisting them in
achievingtheirown objectives| |CommunityBus|Localregisteredbusservices_for_remote villages operated under Section
22Permits| |Training|ProvisionofMiDAS andPATStraining| |**Outcome Area**|**Howwehave provided this**||**Annual**
**Value**| |---|---|---|---| |**Increased**
**independent**
**living**|Shopping trips - we provide journeys forourusersto
supermarketsandretail outlets.Thisenables themto
undertaketheirownshoppingandcontinuetolive
independently.||£92,212| |**Reduced direct**
**health care**
**costs**|Tripstohealthcare locations - weprovide journeysforour
userstohospitals,GPsandother medical appointments,
includingtreatment&therapy.This
ensuresthat
appointmentsarenot missed,andGPhome visits are
reduced.||£9,583| |**Increased level**
**of social**
**interaction**|Socialtrips- we provide journeys which have the main
purposeofenabling peopletoget togetherandmeet one
another foroutingsandactivities.Thisincludes the
journeysweprovideforthe purposeofleisure, sport,
education, shopping, health,andother trips where
secondarysocial interaction willalsotakeplace.||£509,839| |**Improved**
**affordabilityof**
**accesstogroup**
**activities**|We provideaccesstocost-effective, affordable, and
accessible group transport services for community groups
andorganisationstoenable themtopursue a wide range
ofactivities.||£138,406| |**Increased**
**volunteering**|Weinvolve volunteer Trusteesinthe governanceofthe
charity, which includes specialist knowledge.Thisprovides
capacityandskillsthatwe valueandbenefits the
volunteers themselvesandthe wider community.||£3,160| |**Improved skills**|Our staffandvolunteers receive a rangeoftraining
includingMiDASfordrivers,PATSfor passengerassistants
andFirst Aid.Thisenhances our levelsofcustomer care and
wellbeingand
benefits other road users and the
community asa whole.||£10,585| |**Improved**
**wellbeing**|Thegeneral healthofmanyofour regular older and
disabled passengers' benefits from their using the service.
The abilitytogetoutandabout brings both physical and
mental health benefits, reduces loneliness and leadsto
reduced longertermhealth carecosts.||£104,030| |**Total social value of our services**|||£867,815| ## ## ## ## ## ## ## ## 5 December 2023 ## ## ## ## ## ## ## ## ## 15 December 2023 ## |**Incomeandexpenditure**
**Income from**
Grantsanddonations
Charitable activities
Investments
Other income
**Total income**
**Expenditureon**
Charitable activities
**Total expenditure**
**Net income before investmentgains**
**Net surplusonInvestments**
Surplus on disposalofinvestment property
**Net Income and net movementinfunds**
Fundbalances at**1**April2022
**Fundbalances at 31 March 2023**
**Note**
2
3
**4**
6
7|**Total**
**funds**
**2023**
£
**40**
**5,737,048**
**11,660**
**12,182**
**5,760,930**
**5,584,989**|_Toto/_
_funds_
_2022_
£
_110,458_
_4,943,256_
_20,045_
_5,437_| |---|---|---| |||_5,079,196_| |||_4,986,471_| ||**5,584,989**
**175,941**
**175,941**
**3,812,137**|_4,986,471_| |||_92,725_
_30,673_| |||_123,398_
**_3,588,739 _**| ||**3,988,078**|_3,812,137_| 5 December ## |**Netcash(used**In)**providedbyoperating activities**
Netcashprovidedbyoperating activities
Netcash(used in) provided by investing activities
Netcashprovided by financing activities
(Decrease) increase incashandcashequivalents
Cashandcashequivalentsat1 April
Cashandcashequivalents at 31 March
**Notes to the consolidated statementofcashflows for the year ended 31 Ma**
**A**
**Netcashprovidedbyoperating activities**
Net incomeforthe reporting period(asperthe statementoffinancial
Adjustments for:
Depreciation charge
Surplus on disposalaffixedassets
Surplus on disposalofinvestmentproperty
Interest and rents receivable from investment
Interest payable
(lncrease)/decrease in debtors
lncrease/(decrease) in creditors
**Netcashprovidedbyoperating activities**
**B**
**Investing**
Interest received
Investment Income received
Paymentstoacquire tangible fixed assets
Cashreceived on disposalofinvestmentproperty
Cashreceived on disposaloffixed asset
**Netcashprovidedbyinvesting activities**
**C**
**Financing**
Increase in finance lease obligations
**Analysisofnet debt**
Shorttermborrowings
Leaseliabilities
Total liabilities
Cash&cashequivalents
Total netdebt|**rch 2023**
activities)
**2022**
£
**347,037**|**Note**
**A**
**B**
**B**
**Cashflows**
£
**103,673**
**(14,398)**
**89,275**
**69,882**
**159,157**|**2023**
£
**87,774**
**{345,588)**
**187,931**
**(69,883)**
**2,810,023**||_2022_
£
_556,327_
_185,361_| |---|---|---|---|---|---| ||||||_741,688_
_2,068,335_| ||||**2,740,141**||_2,810,023_| ||||**2023**
£
**175,941**
**367,055**
**(11,660)**
**(547,235)**
**103,673**
**87,774**||_2022_
£
_123,398_
_350,907_
_(1,019)_
_(30,673)_
_(20,045)_
_94,984_
_38,775_| ||||||_556,327_| ||||**2023**
£
**6,427**
**5,233**
**{357,248)**
**0**
**(345,588)**
**2023**
£
**187,931**
**Finance leases**
£
**47,874**
**154,455**
**202,329**
**202,329**||_2022_
£
_120_
_19,925_
_(269,571)_
_430,673_
_4,214_| ||||||_185,361_| ||||||_2022_
£| ||||||**2023**
£
**498,584**
**140,057**| ||**347,037**
**(2,810,023)**||||**638,641**
**(2,740,141)**| ||**(2,462,986)**||||**(2,101,500)**| ## ## ## |**1**|**AccountingPolicies(continued)**| |---|---| |**1.6**|**Income (continued)**| ||Interest on funds held on depositisincluded when receivableandthe amountcanbemeasured reliably by the charity; thisisnormally upon| ||notificationofthe interest paid or payable by the bank.| ||Rent receivable and related service income are recognisedasthe services are delivered.| |**1.7**|**Expenditure and thebasisof apportioningcosts**| ||Liabilities are recognisedasexpenditureassoonasthereisa legal or constructive obligation committing the Group tothatexpenditure,itis| ||probablethatsettlement willberequired and theamountofthe obligationcanbemeasured reliably.| ||Expenditureisincluded within the statementoffinancial activitiesonanaccrualsbasisandincludes any attributableVATwhich cannotbe| ||recovered. Expenditure comprises the following:| ||a.Thecostofraising funds relatestothe costofmanaging the investment property held by a subsidiary company.| ||b.Thecostofcharitable activities comprises expenditureonthe group's primary charitable purposesasdescribed in the Trustees'| ||report.| ||Themajorityofcosts are directly attributabletospecific activities.| ||Administrative costs which cannotbeattributed directlytoa particular activity are treatedassupport costs and are all attributed to charitable| ||activities and any other indirect costs, including governance,asany apportionment wouldbeimmaterial.| |**1.8**|**TangibleFixedAssets**| ||Allassetswithanexpected useful lifeofmore than one yearanda value greater than £500 are capitalised. Theassetsare stated at costless| ||depreciation.| ||Depreciationisprovided at rates equivalenttothe anticipated lifeoftheasset.Theratesofdepreciation arebasedupon the straight line| ||method and areasfollows:| ||Office Equipment
- between20%and33%| ||Vehicles
- between10%and33%| ||leasehold Improvements
-20%| |**1.9**|**Investment Property**| ||Properties heldforinvestment purposes are incuded in these accounts at open market value. The valuationhasbeen determinedbythe| ||Trusteeswithprofessional assistance.Gainsandlossesare added to the surplus orlossin the year in which they arise.| |**1.10**|**LeasedAssets**| ||Assetsobtained under financeleasecontracts are capitalisedastangibleassetsandare depreciated over the expected useful life. Finance| ||leases are those where all the benefitsorrisksofownership are assumedbythe charity or company using the asset.| ||Theseobligations are included within creditors, netoffuture finance charges.Thefinance elementofthe paymentischarged to the statement| ||offinancial activities at the timeofpaymentandisamonthlycharge,basedonthe outstanding capitalforthe periodofthe lease.| ||All other leases are regardedasoperating leasesandthepayments made against them are chargedtothe statementoffinancial activity on a| ||straight linebasisover theleaseterm.| |**1.11**|**Debtors**| ||Debtors are recognised at their settlementamount,less any provisionfornon-recoverability. Prepayments are valued at the amount prepaid.| ||They have been discountedtothe present valueofthe futurecashreceipt wheresuchdiscountingismaterial.| |**1.12**|**Cashat bankandinhand**| ||Cashat bank and in hand representssuchaccounts and instruments that are availableondemandorhave a maturityoflessthan three months.| |**1.13**|**Pensions**| ||During the year the charity contributedtotwodefined contribution schemes, with contributions recognisedasanexpenseinthe periodinwhich| ||they were incurred.| |**1.14**|**Creditors and provisions**| ||Creditors and provisions are recognised when thereisanobligation at the balance sheet dateasa resultofa past eventanditisprobablethata| ||transferofeconomic benefit willberequired in settlement, and the amountofthe settlementcanbeestimated reliably. Creditorsand| ||provisions are recognised at the amount the charity anticipateditwillpayto settle the debt. They have been discounted to the present valueof| ||the futurecashpayment where such discountingismaterial.| ## ## ## ## ## |**Grants and donations**||| |---|---|---| |COVIDgrants
Donations|**Total funds**
**2023**
£
**40**|_Tota/funds_
_2022_
£
_110,372_
_86_| ||**40**|_110,458_| ## |**Income from charitable activities**||||| |---|---|---|---|---| |CommunityTransport
Training
Other
**Expenditure**
**Charitable activities**
Community Transport
Training andother
_Charitable activities_
_Community Transport_
_Training andother_
**Analysisofsupportcosts**
Management and administration staff
Governance Costs
Premises costs
Office costs
Professional and legal fees
Other costs|**Direct**
**staffcosts**
£
2,868,711
32,057|**Other**
**directcosts**
£
1,993,540
1,993,540
_Other_
_direct costs_
£
_1,615,685_
_200_
**_1,615,885_**
**Staff**
**costs**
£
274,685
38,043
312,728|**Total funds**
**2023**
£
**5,727,065**
**9,983**|_Tata/funds_
_2022_
£
_4,932,051_
_7,219_
_3,986_| ||||**5,737,048**
**Support**
**costs**
£
690,681|_4,943,256_| |||||**Total**
**2023**
£
**5,552,932**
**32,057**| ||2,900,768
_Direct_
_staffcosts_
£
_2,756,234_
_18,919_
_2,775,153_||690,681|**5,584,989**| ||||_Suppart_
_costs_
£
_536,150_|_Total_
_2022_
£
_4,908,069_
_19,119_| ||||_536,150_
**Other**
**costs**
£
26,185
133,368
132,781
54,554
31,065
377,953|_4,927,188_| |||||**Total support**
**costs**
**2023**
£
**274,685**
**64,228**
**133,368**
**132,781**
**54,554**
**31,065**| |||||**690,681**| ## ## ## ## |_Managementandadministrationstaff_
_GovernanceCosts_
_Premises costs_
_Office costs_
_Professional and legal fees_
_Other costs_|_Staff_
_costs_
£
_161,732_
_23,786_
_185,518_
_Other_
_costs_
£
_22,547_
_80,775_
_99,087_
_42,093_
_81,832_
_326,334_
_Total support_
_costs_
_2022_
£
_161,732_
_46,333_
_80,775_
_99,087_
_42,093_
_81,832_
_511,852_| |---|---| |**Staffcosts**|| |---|---| |Wagesandsalaries
Social security
Pension costs
**2023**
£
**2,924,981**
**189,941**
**98,S00**
**3,213,422**|_2022_
£
_2,787,306_
_149,466_
_73,982_| ||_3,010,754_| |during the year**was**asfollows:||| |---|---|---| |£60,001 -£70,000
£70,001 -£80,000|**2023**
**Number**
**1**|_2022_
_Number_
_1_| ||**1**|1| |Operations
Management and finance|**2023**
**203**
**11**
**214**
_2022_
_188_
_18_
_206_| |---|---| ## |**Surplusfrom disposalofproperty**||| |---|---|---| |Proceeds on disposal
Valuationofasset
Costsincurred on disposal|**2023**
£|2022
£
450,000
{400,000)
(19,327)| |||30,673| |Thisisstated after charging (crediting)
Depreciationofowned assets
Depreciationofleased assets
Other operating lease costs
(Profit)losson disposalofassets
Interest on finance leases
Auditor's remuneration - statutory audit
Auditor's remuneration -other
Bank interest received|**2023**
£
**330,417**
**36,638**
**109,468**
**5,256**
**18,000**
**8,185**
**6,427**
_2022_
£
_304,815_
_46,092_
_389,506_
_(1,019)_
_19,618_
_6,839_
_120_| |---|---| |**Group**
**Cost**
At 1 April 2022
Additions
Disposals
At 31 March 2023
**Accumulated depreciation**
At 1 April 2022
Disposals
Charged duringtheyear
At 31 March 2023
**Net book value**
At31 March 2023
At 31 March 2022|**Leasehold**
**improvements**
£
29,066
29,066
29,066
29,066
**Office**
**equipment**
£
145,188
3,664
(62,145)
86,707
109,160
{62,145)
15,280
62,295
**24,412**
_36,028_|**Vehicles**
£
5,176,704
353,584
**(108,933)**
5,421,355
4,277,816
(108,932}
351,775
4,520,659
**900,696**
_898,888_|**Other**
£
6,785
6,785
6,785
6,785
**Total**
£
**5,357,743**
**357,248**
**{171,078)**
**5,543,913**
**4,422,827**
**{171,077)**
**367,055**
**4,618,805**
**925,108**
_934,916_| |---|---|---|---| ## |**8**
**Fixedassets(continued)**
**Charity**
**Cost**
At**1**April 2022
Additions
Transfers from group undertakings
Disposals
At 31 March 2023
**Accumulated depreciation**
At 1 April 2022
Disposals
Transfers from group undertakings
Charged duringtheyear
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022|**leasehold**
**improvements**
£
19,639
9,427
29,066|**Office**
**equipment**
£
125,147
3,664
20,041
(62,145)
86,707|**Vehicles**
£
3,864,471
353,584
1,312,233
(108,933)
5,421,355|**Other**
£
5,590|**Total**
£
**4,014,847**
**357,248**
**1,341,701**
**(171,078)**| |---|---|---|---|---|---| |||||5,590|**5,542,718**| ||19,639
9,427|97,589
(62,145)
11,571
15,280|2,978,737
(108,932)
1,299,079
351,775
4,520,659
**900,696**
_885,733_|5,590|**3,101,555**
**{171,077)**
**1,320,077**
**367,055**| ||29,066|62,295||5,590|**4,617,610**| |||**24,412**|||**925,108**| |||_27,559_|||_913,292_| ## |**2023**
**f**
Value at 1 April 2022
Disposal
Value at31March 2023|_2022_
£
_400,000_
_.(400,000)_| |---|---| ||| ## |**Investments in subsidiaries**|||| |---|---|---|---| |ECTGroupCIC
**Total**|**Group**
**2023**
_2022_
£
£|**Charity**|| ||**2023**
£|**2023**
£
**4**
**4**|_2022_
£
_4_| ||||_4_| ## ## ## |Income
Expenditure
Proceedsfromdisposalofinvestment property
(Loss)profitfortheyear
Total assets
Total liabilities
Total provisions
Total funds|**Dorset**
**Community**
**TransportLtd**
£
**2023**
**863,092**
**(905,683)**
**(42,591)**|_Dorset_
_Community_
_TransportLtd_
£
_2022_
_1,712,626_
_{1,703,940}_
_8,686_|**ECTGroupCIC**
£
**2023**
**7,759**
**(7,912)**
**(153)**|_ECTGroupCIC_
£
_2022_
_22,977_
_(7,912}_
_30,673_| |---|---|---|---|---| |||||_45,738_| |||_420,645_
_(505,101}_|**1,205,905**
**(3,957)**
**(391,679)**|_1,203,288_
_(3,950}_
**(391,679)**| |||_{84,456}_|**810,269**|**807,659**| |**Debtors**|||| |---|---|---|---| |Trade debtors
Prepayments
Accrued income
Social security andothertaxes
Amount due from subsidiary undertaking|**Group**||**Charity**| ||**2023**
£
**687,405**
**437,169**
**98,470**
**130,105**|_2022_
£
_554,430_
_141,276_
_70,952_
_39,256_|**2023**
_2022_
£
£
**687,405**
_358,080_
**437,169**
_87,215_
**98,470**
_30,925_
**130,105**
_39,256_
_354,565_
**1,353,149**
_870,041_| ||**1,353,149**|_805,914_|| ## |**Creditors:Amountsfalling due withinoneyear**||||| |---|---|---|---|---| |Trade creditors
Social security andothertaxes
Pension creditor
Accruals andothercreditors
Obligations under finance leases and hire purchase
contracts
**15**
**Creditors:Amountsfalling due afteroneyear**
Obligations under finance leases and hire purchase
contracts
**15**|**Group**||**Charity**|| ||**2023**
£
**106,560**
**52,076**
**14,747**
**277,327**
**47,874**||**2023**
£
**106,560**
**52,076**
**14,747**
**273,383**
**47,874**
**494,640**
**Charity**|_2022_
£
_55,848_
_32,547_
_9,288_
_117,634_| |||||_215,317_| ||**2023**
£
**140,057**
**140,057**|_2022_
£|**2023**
£
**140,057**
**140,057**|_2022_
£| |||||| ## ## ## |**Provision for liabilities and charges**||||| |---|---|---|---|---| |Other liabilities
**Designated funds**
Community TransportforIsolated CommunitiesInDorset
EASIE(Elderly Accessible Service in Ealing)
DayTrip FundforEaling
DayTrip FundforCheshire
SocialValue Toolkit
ITsoftware
Business Development
Vehicle replacement project|**Group**
**2023**
_2022_
£
£
**391,679**
_391,679_
**391,679**
_391,679_
**Utilisedinthe**
**At 1 April 2022**
**year**
£
£
80,000
(9,443)
24,546
(7,075)
28,329
(10,021)
20,000
12,549
9,147
(9,147)
174,571
(35,686)||**Charity**
**2023**
£
**New**
**designations**
**(releases)**
£
60,000
317,000|| |||_2022_
£
_391,679_
_391,679_||_2022_
£
**At31March**
**2023**
£
**70,557**
**17,471**
**18,308**
**20,000**
**12,549**
**60,000**
**317,000**| |||**Utilisedinthe**
**year**
£
(9,443)
(7,075)
(10,021)
(9,147)||| ||174,571|(35,686)|377,000|**515,885**| ## ## |**MotorVehicles**
Inone yearorless
Betweentwoand five years
**Total finance lease commitments**|**Group**
**2023**
£
**36,139**
**151,792**
**187,931**
_2022_
£|**Charity**|| |---|---|---|---| ||**2023**
£
**36,139**
**151,792**
**187,931**|**2023**
£
**36,139**
**151,792**|_2022_
£| |||**187,931**|| ## ## ## |**LandandBuildings**
Inone yearorless
Betweentwoand five years
Over five years
**Plant and Equipment**
Inone year orless
Intwotofive years
**Total operating lease commitments**|**Group**
**2023**
_2022_
£
£
**124,865**
_121,115_
**270,450**
_356,335_
_29,042_
**395,315**
_506,492_
**21,363**
_51,219_
**575**
_24,159_
**21,938**
_75,378_
**417,253**
_581,870_|**Group**
**2023**
_2022_
£
£
**124,865**
_121,115_
**270,450**
_356,335_
_29,042_
**395,315**
_506,492_
**21,363**
_51,219_
**575**
_24,159_
**21,938**
_75,378_
**417,253**
_581,870_|**__**
**c_h_a_r_it~v_________ **
**2023**
£
**124,865**
**270,450**
**395,315**
**21,363**
**575**
**21,938**
**417,253**
_2022_
£
_100,865_
_315,960_
_29,042_
_445,867_
_50,352_
_20,980_
_71,332_
_517,199_| |---|---|---|---| ||**395,315**|_506,492_|| ||**21,363**
**575**|_51,219_
_24,159_|| ||**21,938**|_75,378_|| ||**417,253**|_581,870_|| ## ## |**FinancialAssets**
Cashbalances
Financial assets measured atfairvalue through net income
Financialassetsmeasuredatamortised cost
**FinancialLiabilities**
Financial liabilities measuredatamortised cost||**Group**
**2023**
2022
£
£
**2,740,140**
2,810,023
**785,875**
593,686|**Charity**| |---|---|---|---| ||||**2023**
2022
£
£
**1,534,249**
1,520,918
**785,875**
389,005
**567,874**
173,482| |||**571,818**
291,552||