REGISTERED COMPANY NUMBER: 0715018S (England and Wales) REGISTERED CHARITY NUMBER: 1136169 RISBOROUGH AREA COMMUNITY BUS REPORT OFTHETRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Mercer Lewin Ltd Chartered Accountants 6-7 Citibase New Barclay House 234 Botley Road Oxford OX2 OHP
RISBOROUGH AREA COMMUNITY BUS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Page Report of the Trustees 1 to 7 Independent Examinerfs Report Statement of Financial Activities Balance She8t 10 Notes to the Flnanclal Statements 11 to 15 Detailed Slatement of Financial Activttles 16
RIS8OROUGH AREA COMMUNITY BUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 The Trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 5 April 2024. The Trustees have adopted the provisions of 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 Ir8land (FRS 102) (eff8ctive 1 January 2019). OBJECTIVES AND ACTMTIES Objectlves and aims In selting objectives and planning for actlvtties, the Trustees have giv8n due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefrt: running a charity (PB2)'. The charity's objects are specifically restricted to provkling, operating and maintaining transport facilities for people in the Risboroughs and adjacent parishes, induding Bledlow cum Saunderton, Ellesborough, Great & Little Hampden, Great & Little Kimble Gum Marsh, Lacey Green and Longwck cum Ilmer, who have special need of such facilities because they ar& elderly, poor or disabled, have young children or live in isolated areas where there are no adequate transport facilities. Slgnlficant activities Th8 charity provides a community bus service. Public benefrt RACB provides public benefit by operating under Section 22 of the Road Traffic Act 1998. Section 22 permits are issued to bodies concemed for the social and welfare needs of one or more communities. They operate vehides without a view to profit and use those vehicles to provide a community bus s8rvic8. Communty bus services are 'local bus services, and can carry th8 general publlc. Local bus services are defined as seFViCeS using public service vehicles for the carriage of passengers by road at S8parat8 fares on which passengers may travel for less than 15 miles.
RISBOROUGH AREA COMMUNITY BUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 ACHIEVEMENT AND PERFORMANCE Review of Activlties: The Charity is run by its Trustees and Management Committee who are all volunteers and who offer up their time on a continuous basls to direct and monitor operations. The volunteer drivers continue to give their time extremely generously. The Trustees are grateful to all volunt8ers for their willingness to commit their time to RACB and ensure its ongoing success. RACB'S Community Bus Service cornpleted another successful year in 2023124, op8rating what is regarded by our passengers as a respected and essential local bus service that helps reduce social and rural isolation for many people. Feedback from passengers is important to RACB and in February 2024 a Passenger Satisfaction SuNey was conducted to measure the level of satisfaction and act as a benchmark for future suNeys. This survey found that 980/0 of passengers were Satisfied with RACB. RACB'S promotion and publicity work continues to underpin its strategy to raise the profile of its local bus services, attract naw passengers and increase the number of pass&ng8r journeys. Data shows the long-term trend in passengerjourn8y numbers, post Covid, is one of a small but gradual increase of c.100/0 P8r year, but month on month variances do exist, often due to seasonal influences. However, the total number of passenger journeys in 2023124 is still about half of pre-covid levels and therefore RACB'S promotion and publicity work remain crucial to help maintsin the current trend. One of the biggest challenges that RACB faced during the year was the increasing unreliability of the minibus. primarily due to its high mileage, accumulated over the past 7 years. The frequency of breakdowns increased over the year, but despite this, RACB ensured disruption to pass8ngers was kept to an absolute minimum by hiring a placement minibus in a tim81y manner. Operational expenditure on bus repairs and bus hire increased compared with previous years, but RACB was able to fund this from its Reserves. As part of RACB'S investment and asset renewal strategy, an order was placed with a chosen bus manufacturer in April 2023, for the supply of a new minibus. Placing th8 order was the culmination of many months of assessing the most suitable and practical make, model and specification of minibus best suited to RACB'S needs and operations. RACB fvnded this investment by a combination of money from RACB Reserves, two successful applications for grant funding equivalent to c.170/¢ of th8 gross purchase price and negotiating a trade-in value for our existing minibus, equivalent to c.20 % of the gross purchase price. The new bus was brought into service in earty March 2024 and re-branded with a new colour scheme, based on the green theme of RACB'S original branding. During the second half of 2023124 and as part of forward planning, RACB developed options to modify and extend RACB'S existing bus routes and limetable to expand RACB'S 'bus offer, locally and to help increase the number of passengerjourneys. The two UPP8r tiar local authoriti&s, Buckinghamshire Council and Oxfordshire County Council, supportad RACB with all aspects of this work, including offering income subsidy for 2024125 for route extensions. The Driver and Vehicle Stsndards Agency (DVSA) approved RACB'S application for the modifications in March 2024, with a committed launch date of 7th May 2024. RACB has also worked with Buckinghamshire Council to prepare for the introduction of Real Tim& Passenger Information (RTPI) data collection in 2024125. The RTPI data when collected will help RACB measure its 'on time, performance in relation to its publish&d timetsble and also enable passengers to use electronic timetabling facilities at key bus stops to check live departure times of RACB servic8S.
RISBOROUGH AREA COMMUNITY BUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 RACB plans to launch the RTPI system to coincide with the launch of RACB'S route and limetable modifications on 7th May 2024. Investment policy and performance RACB maintains a detailed Investment Policy appropriate for a small charity with cash investments. The Investment Policy is reviewed annually. In short. the Charitls Investment Policy is to ensure sufficient liquidity for short-term funding for its day-to-day OP8rations, and longer-term investment to build reserves to fund the purchase of a replacement minibus when required. In the past year, cash investments in instsnt access savings accounts, notice savings accounts and fixed-term savings bonds generated interest income of £3,72912023.' £4,482). The Charity seeks to produc8 the best financial return on its investments {capital growth & income) within an acceptable level of risk. As the assets are expected to be spent within the next five years on the purchase of a replacement minibus, capital preservation is of paramount importanca. RACB'S investments are h81d in bank accounts available to charities. The amount invested with any single financial institution is limited to the maximum protected by the Financial Services Compensation Scheme (FSCS) currently £85,000. The Trustees are responsible for making investment decisions, including approving the investment policy, s8tting investment objectives, and sel8cting investment accounts. Key perfonnance indicators RACB has three Key P8rforman¢e Indicators (KPls)'. 1. Delivery of approximataly 20,000 passengerjourn8ys per year. 2. Maintenance of sufficient number of qualified drtvers to sustain the service. 3. Financial stability. The seGond two KPIS were achieved, however due to the legacy of the pandemi¢ the first KPI was still not achieved during the year, this was d&spite ongoing promollon of the Community Bus services locally. A review of KPIS will be carried out during 2024125. FINANCIAL REVIEW Principal funding sources The principal funding sources for RACB during 2023124 are fares. the rebate from Buckinghamshire Council on concessionary fares, income subsidy from Buckinghamshire Council for the Kimbles and Ellesborough route, donations and the Bus Service Operators Grant from the Government. Occasionally, small grants are made by IoG81 councils and other local bodies. Two grants were successfully applled for and awarded to assist with the purchase of RACB'S new bus in March 2024.
RISBOROUGH AREA COMMUNITY BUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 FINANCIAL REVIEW ReseNes policy RACB has a detalled Reserves Policy which is reviewed and updated annually. In short, the Charity's Reserves Policy is to build. source and maintain financial reserves ov8r time sufficient to sustain its Objects in the short and long term. The Charity holds free Unrestricted Reservas of £142,369 (2023: £217.583). These fvnds are held in mixture of instant access bank accounts and fixed-term savings accounts. The reduced level of Unrestricted Reserves arises from the purchase of a new minibus during this financial year. The Trustees have designated funds of £97,000 from the Unrestricted Reserves towards the replacement of the minibus in c. 2029130. The balance of reserves (£45,000) are held as a combined sum for: a cash-flow reserve (for the risk of cash-flow problems arising from late payments within the annual operating budget). a contingency reserve (to mitigate the risk of serious unexpected repairs to the minibus andlor a reduction or removal of funding support from the local council). and a closure reserve (should the Trustees determine that the Charity has come to the end of its useful life and needs to close down). FUTURE PLANS Set against its Oblective, RACB has achieved a satisfactory perfomiance. RACB continues to provlde a highly valued service to th8 local community, is financially sound and has built a reserve of funds that wll stand it in good stead when the time comes to replace the bus again in c.2029130. RACB has developed modifications to its routes and timetable, which will be launched in May 2024 and intended to expand RACB'S 'bus offer, locally. RACB has also developed strategies that will help address future developments in demography and housing in and around Princes Risborough and Continues to enjoy support from Buckinghamshire Council, local parish councils, local businesses. Community Impact Bucks and, most importantly, our passengers by way of their patronage and donations. Since appointment as a Trustee, Director and Chaimian of the Management Committee, Mr Stevens has been conducting a 'light-touch' health check of RACB, the findings of which will be reported to Trustees in 2024125. STRUCTURE. GOVERNANCE AND MANAGEMENT Charlty constitution The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 08 February 2010. as amended on 23 May 2016. The company is conslituted under a Memorandum of Association dated 08 February 2010, as amended on 23 May 2016, and is a registered charity number 1136169. Risborough Area Community Bus is a company limited by guarantee and an exempt charity. The charitable companls memorandum and articles of association are its primary governing documents. The Trust88s of Risborough Area Community Bus are also the directors of the charitable company for the purposes of company law. The charitable company is known as Risborough Area Community Bus or RACB for short. Details of the Trustees who served throughout the year are inclLSded in the Reference and Administrative Details on page 7.
RISBOROUGH AREA COMMUNITY BUS REPORT OF THETRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appolntment of new trustees The subscribers to the memorandum are the members of the charity. Membershlp is open to other individuals or organisations who app5y to the charity in the fomi required by the Directors and are approved by thè Directors. The Directors may only refuse an application for membership if. acting reasonably and properly, they consider it to be in the best interests of the charty to refuse the application. The Directors must infomi the applicant in writing of the reasons for the refusal within twenty one days of the decision. The Directors must consider any written representations the applicant may make about the decision. The Directors. decision following any written representations must be notified to the applicant in writing but shall be rinal. Membership is not transferrable. The Directors must keep a register of names and addresses of the members. Organisational structuro Overall control of RACB is axercised by a Board of Directorsrustee5, under the provisions of the Memorandum and Articles of Association of Risborough Area Community Bus. The Board of DirectorslTrustees is responsible for setting policy and the overall strategy for RACB and for ensuring RACB meets the legal requirements of Companies House and the Charity Commission. Management of services is exercised by a Management Committee, currently with 9 members of whom 7 are active driv&rs. The Management Committee is fully accountable at all times to the RACB Board of Direclorsffrustees. The RACB Board of Dire¢torslTrustees has the power to appoint. override. amend, or dismiss the RACB Management Committee. The Management Committe8 manages all day-toaY operations including route selection and implementation. bus maintenance., recruitment, selection, training, certification and management of volunteer drivers: scheduling of drivers on service routes, group usage and outings. marketing and publicity for RACB" ensuring that the health & safety of passengers and drivers is maintsined at all times to the highest possible standard; liaison with the Community Transport Association (CTA)" passenger data and R8al Time Passenger Infomiation {RTPI) analysis and assessment" data analysis thè Department for Transport (Dff) and the Local Authority to ensure legality and continuity of operation. The Management Committee manages financial matters including the maintenance of Business and Financial Plans- setting, collecting and accounting of cash fares; collection and accounting of cash donations. managing accounts wisely. legally and efficiently- facilitating an annual examination by a Qualified Person; managing inveslments to maximise income whilst minimising risk. ensuring adequate and comprehensive insurance coverfor bus and drivers, including public and personal indemnity cover. The Management Committee provides administrative functions including the appointment and remuneration of a Coordinator; the appointment and remuneration of an accountant" the remuneration of specialist advice on the use of QuickBooks Accounting. drawing up an annual Business Plan for consideration by the Board of Directors", tnaintaining data on bus operations and RTPI: and planning and execution of meetings.
RISBOROUGH AREA COMMUNITY BUS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Induction and training of new truslees It is desirable that potential Trustees have served on the RACB Management Committee before being seSected and then, if applicable, elected as a Trustee by the Board of Trustees. In the majority of cases, Trustees are either curr8nt or former RACB volunleer drivers, having been trained to Minibus Drivers Awar8ness Scheme (MIDAS) standard. Personnel Changes Personnel changes have occurred during the year. Two r8signations were received and two new appointments made. Mr Johnson resigned as a Director of RACB and Chairman of the Management Commtttee in November 2023. Mr Johnson remains a Trustee. Mrs Carmicha81 resigned as a Director of RACB and Treasurer in March 2024. Mrs Carmichael remains Trustee. Mr Stevens was appointed as a Trustee and Dir8Ctor of RAC8 and Chaimian of the Management Committee in November 2023. Mr R Morgan was appointed as RACB'S Honorary Treasurer in March 2024. Key management remuneration Apart from th8 appointment and remuneration of the of the Coordinator, Accountsnt5 and specialist advisers, all others involved with RACB arè unpaid volunteers Members. liability Each member of the charitable company undertakes to contribute to the assets of the charitable company in the event of it being wound up while they are a member, or within one year after they cease to be a member, such amount as may be required, not exceeding £10 for the debts and liabilit18s contracted befor8 they ceased to be a member. Trustees. indemnities Trustees benefit from indemnity insurance to cover the liability of the trustees which by virtue of any rule of law would otherwise attach to them in r8spect of any negligence, default or baGh of trust or breach of duty of which they may be guilty in r81ation to the TrusL The cost of this insuranc8 in th8 year was about £390 (2022.. £327). REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07150185 (England and Wales) Reglstered Charity number 1136169 Registered offirA Longwick Road Princ8s Risborough Buckinghamshire HP27 9RT
RI8BOROUGH AREA COMI1UNI BUS REPQRT QF THE TRIISTEES FOB ThEYEAR ENDED S APRIL 2024 Tni•tees R Bamard Ms J CarrAl¢hael P G J¢)hn80n RMPage M A Thomas ! stevens (appoint•d 27111 r2023) Indep•ndont 6x•mlner Mercer Lth¥ln Ud. Chgrtered Accountants 6-7 Citibase New Bar¢lay HSe 234 Botley Road Oxford Approved by. order board of trustee5 On _ and 8Tred on its k*hall ky, R la - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RISBOROUGH AREA COMMUNITY BUS Independent examiner's report to the trustèes of Risborough Area Community Bus ('the Company.) I report to the Charity trustees on my examination of the accounts of the Company for the year ended 5 April 2024. Responsibllltles and basis of report As the charitys trustees of the Company (and also its directors for the purposes of company law) you ar8 responsible for the preparation of the accounts in accordance with the requirements of thé Companies Act 2006 ('the 2006 ACVI. Having satisfied myself that the accounts of the Company are not required to be audited urlder Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 the accounts do not acGord with those records,. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independont examination. or the accounts have not be8n prepared in accordanc8 With the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I hav8 no concerns and have come across no other matters in connection with the examination to which attention should ba drawn in this rèport in order to enable a proper understanding of the accounts to be reached. Andrew Churchill Stone The Institute of Chartered Accountants in England and Wales Mercer Lewin Ltd Chartered Accountants 6-7 Citibase New Barclay House 234 Boiley Road Oxford OX2 OHP Date.. 13. N:ThJ ?4
RISBOROUGH AREA COMMUNITY BUS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 2024 Unreslricled fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 27,994 7,314 Charftable activities Providing, operating and maintaining transport facilities 30,892 22.339 Investment income Other income 3,729 28,000 4,482 Total 90,615 34,135 EXPENDITURE ON Charitable activities Providing, operating and maintaining transport facilities 40,114 36,772 NET INCOMEI(EXPENDITUREI 50,501 (2.637) RECONCILIATION OF FUNDS Total funds brought forward 220,150 222,787 TOTAL FUNDS CARRIED FORWARD 270,651 220,150 Th8 notes fomi part of these financial statements
RISBOROUGH AREA COMIAUNITY BUS BALANCE SHEET S APRIL 2024 2024 unStn.¢ted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 112,094 2,868 CURRENT ASSETS Debto Cash at bank 19.867 142,369 2,500 217.583 182.236 220.083 CREDITORS Amounts falling due within one year (3,679) (2,801) NEf CURRENT ASSErs 158,557 217,282 TOTAL ASSEfs LESS CURREKr UABIUTIES 270,651 220.150 NEf ASSErs 270,651 220.150 FUNDS Unrestricted fund5 270,651 220.150 TOTAL FUNDS 270.651 220,150 The charitable company Is entrtled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024. The mernbers have not required the company to obtain an audit of rtg financial statements fry the year ended 5 April 2024 in ¥cordance writh Section 476 of the Companies Act 2006. The trustees acknowledge their responstsilrties for {a) ensuring that the ¢haritable company keeps accounting records that compty with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements bthich give a true and fair view of the state of qffairs of the charitable company as at the end of each financial year and of ils surplus or deficrf£ for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies A¢t 2006 relaling to financial ststements, so far as applicable to the charitable company. These financial statements have been prepared in accordance wtth the provisions applicable to charitsble companies sublect to the small Companies regimè. The financlal statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. RMPage- The notes fomi part of these financial statements 10
RISBOROUGH AREA COMMUNITY BUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Rèporting by Charities.. Statemant of Recommended Practice applicable to charities preparing th8ir accounts in accordance with the Financial R8POrting Standard applicable in the UK and Republic of Ireland (FRS 102) (effèctive 1 January 20191,, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. Th8 financial statements have been prepared under th8 historical cost convention. INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as ther8 is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of econornic benefits will be required in setuement and the amount of the obligation Can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with th8 use of r8sourc8S. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings are depreciated on a straight line basis of 25¥0. Motor vehicles are depreciated on a straight line basis of 250A. TAXATION The charity is exempt from corporation tax on its charitable activities. FUND ACCOUNTING Unrestricted funds can be used in a¢Gordance with the charitable objectives at the discretion of the trustees. R8Stricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of th8 nature and purpose of each fund is included in the notes to the financial ststements. continued...
RISBOROUGH AREA COMMUNITY BUS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024 INVESTMENT INCOME 2024 2023 Investment interest rec8ivable 3,729 4.482 NEf INCOMEI(EXPENDITURE) Net inGomellexpendilure) is stated after chargingl{crediting)- 2024 2023 Independent examinerfs fee Depreciation - owned assets Surplus on disposal of fixed assets 900 4.808 (27.046) 3,815 1,084 TRUSTEES. REMUNERATION AND BENEFITS Thero were no tru5tees' r8muneration or other benefrts for the year ended 5 April 2024 nor for the year ended 5 April 2023. TRUSTEES. EXPENSES There were no trustees, expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 7.314 Charitable activities Providing, operating and maintaining transport facilities 22.339 Investment incoma 4.482 Total 34.135 EXPENDITURE ON Charitable activities Providing. operating and maintaining transport facilities 36,772 NEf INCOMEI(EXPENDITURE) (2,637) RECONCILIATION OF FUNDS Total funds brought forward 222.787 TOTAL FUNDS CARRIED FORWARD 220,150 12 continued...
RISBOROUGH AREA COMMUNITY BUS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED S APRIL 2024 TANGIBLE FIXED ASSETS Fixtures and fittings Motor vehicles Totals COST At 6 April 2023 Additions Disposals 5,619 85.670 114,988 (85,670) 91,289 114,988 (88,437) (2,767) At 5 April 2024 2.852 114.988 117,840 DEPRECIATION At 6 April 2023 Charge for year Eliminated on disposal 2,751 713 (1,813) 85,670 4,095 (85,670) 88,421 4,808 (87,483) At 5 April 2024 1,651 4,095 5,746 NEf BOOKVALUE At 5 April 2024 1,201 110,893 112,094 At 5 April 2023 2,868 2,868 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 VAT Prepayments and accrued income 19,011 856 856 19,867 2,500 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade Creditors Accruals and deferred income 459 3,220 2,800 3,679 2,801 MOVEMENT IN FUNDS Net movement in funds At 514124 At 614123 Unrestri¢ted funds Gènèral fund 220,150 50,501 270,651 TOTAL FUNDS 220,150 50,501 270,651 13 continued..-
RISBOROUGH AREA COMMUNITY BUS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2024 MOVEMENT IN FUNDS- continued Net movement in funds. induded in the above are as follows.. Incoming resources Rèsources expended Movement in funds Unrestricted funds General fund 90.615 (40.114) 50.501 TOTAL FUNDS 90.615 (40.114) 50,501 Comparatives for movement in funds Net movement in funds At 514123 At 614122 Unrostricted funds General fund 222,787 {2,637) 220.150 TOTAL FUNDS 222.787 (2,637) 220,150 Comparative net movement in funds, included in the abovè are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 34.135 (36,772) (2.637) TOTAL FUNDS 34.135 (36,772) 12,637} A cuffent year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 514124 At 614122 Unrestricted funds General fund 222.787 47,864 270,651 TOTAL FUNDS 222.787 47,864 270,651 14 Continued...
RISBOROUGH AREA COMMUNITY BUS NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 5 APRIL 2024 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, induded in the above are as follows: Incoming resources ReSoUrS expended Movement in funds Unrestricted funds General fund 124.750 (76.886) 47,864 TOTAL FUNDS 124.750 (76,886) 47.864 10. RELATED PARTY DISCLOSURES There were no relat8d party transactions for the year ended 5 April 2024. 15
RISBOROUGH AREA COMMUNITY BUS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacles Donations Grants Exceptional items 1,684 24,894 1,416 4,964 2,350 27,994 7,314 Investment income Investment interest receivable 3.729 4,482 Charitable activities Concessions Kimble RoutelBC Fares Group usage Days out 15,840 9,495 1,346 2.283 1.928 10.114 8.276 910 920 2.119 30,892 22,339 Oth8r income Gain on sale of tangible fixed assets 28,000 Total incoming resources 90,615 34,135 EXPENDITURE Charitable activitles Community bus service 24,311 24,822 Support costs Management Other support costs 9,141 7,051 Financ8 Depreciation of tangible fixed assets Loss on sale of tangible fixed assets 4.808 954 1.084 5.762 1,084 Governance costs Auditors, remuneration 900 3,815 Total resources expended 40.114 36.772 Net incomel(expenditure) 50,501 12.6371 This page does not form part of the statutory financial statements 16