REGISTERED COMPANY NUMBER: 07150185 (England and Wales)
REGISTERED CHARITY NUMBER: 1136169
RISBOROUGH AREA COMMUNITY BUS REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
RISBOROUGH AREA COMMUNITY BUS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 | |
| Independent Examiner's Report | 7 | |||
| Statement of Financial Activities | 8 | |||
| Balance Sheet | 9 | |||
| Notes to the Financial Statements | 11 | to | 18 | |
| DetailedStatementofFinancialActivities | 19 |
RISBOROUGH AREA COMMUNITY BUS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
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 2025. 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 Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The charity's objects are specifically restricted to providing, operating and maintaining transport facilities for people in the Risboroughs and adjacent parishes, including Bledlow cum Saunderton, Ellesborough, Great & Little Hampden, Great & Little Kimble cum Marsh, Lacey Green and Longwick cum Ilmer, who have special need of such facilities because they are elderly, poor or disabled, have young children or live in isolated areas where there are no adequate transport facilities.
Significant activities
The charity provides a community bus service.
Public benefit
Risborough Area Community Bus provides a non-commercial local community bus service for public benefit, operating under Section 22 of the Road Traffic Act 1998. Section 22 permits are issued to bodies concerned for the social and welfare needs of one or more communities.
Community bus services are ‘local bus services’ and can carry the general public. Local bus services are defined as services using public service vehicles for the carriage of passengers by road at separate fares on which passengers may travel for less than 15 miles.
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RISBOROUGH AREA COMMUNITY BUS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED5 APRIL 2025
ACHIEVEMENTS AND PERFORMANCE
Review of Activities:
The Charity is run by its Trustees and Management Committee who are all volunteers and who offer up their time on a continuous basis to direct and monitor operations. The volunteer drivers continue to give their time extremely generously and the Trustees are grateful to all volunteers for their willingness to commit their time and ensure RACB's ongoing success.
RACB's Community Bus Service completed another successful year in 2024/25, operating 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 a second Passenger Satisfaction Survey was conducted in October 2024. This survey found that 100% of passengers surveyed were either satisfied or very satisfied with RACB.
Passenger journey data for the past year shows that numbers have declined slightly, however the long-term trend, post Covid, remains positive. RACB's ongoing promotion and publicity work remains important to help attract new passengers and increase passenger journeys.
RACB's new bus, introduced in March 2024, has been operating successfully throughout the year. The bus and its new branding has been a great success with passengers who gave it a 96% positive satisfaction rating in our October 2024 satisfaction survey.
In May 2024, RACB introduced major changes to a number of its existing bus routes and a new timetable. This followed a successful application to the Driver and Vehicle Standards Agency's Traffic Commissioner to make the changes. A driver familiarisation and training programme in advance was successfully implemented. The two upper tier local authorities, Buckinghamshire Council and Oxfordshire County Council, supported RACB with many aspects of the review work.
RACB commenced the use of Real Time Passenger Information (RTP!) to coincide with the introduction of the amended routes and timetable. The data collected is being used to monitor 'on time’ performance in relation to its published timetable. Initial results are encouraging.
Two other significant reviews of RACB were carried out during the year.
The first review was the Chairman of the Management Committee's ‘light-touch' health-check of RACB. This was completed in June 2024. The recommendations of the review were reported to RACB Trustees.
The second review was the Management Committee's Annual Safety Audit of RACB. This was carried out in January 2025 in accordance with RACB's Health and Safety Policy. The recommendations of the review were reported to RACB Trustees.
RACEB held its AGM in November 2024.
Key performance indicators
RACE has three historical Key Performance Indicators (KPIs), which are:
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Delivery of approximately 20,000 passenger journeys per year.
-
Maintenance of sufficient number of qualified drivers to sustain the service. 3. Financial stability.
The second two KPI's were achieved, however due to the legacy of the pandemic the first KPI was still not achieved during the year, this was despite ongoing promotion of RACB's Community Bus services locally.
It was intended to review the KPI's 2024/25, however the priority and focus on introducing the new routes, timetable and RTPI meant that this was not possible.
New KPI's will be set in 2025/26.
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RISBOROUGH AREA COMMUNITY BUS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED5 APRIL 2025
FINANCIAL REVIEW
Principal funding sources
The principal funding sources for RACB during 2024/25 are fares, charitable donations, outings and group use, local authority concessionary fare reimbursements, local authority funding support from Buckinghamshire Council for the Kimbles and Ellesborough route and from Oxfordshire County Council for the Bledlow and Chinnor route and the Bus Service Operators Grant from the Government.
Reserves policy
RACB has a detailed Reserves Policy which is reviewed and updated annually.
The Charity's Reserves Policy is to build, source and maintain financial reserves over time sufficient to sustain its Objects in the short and long term.
The Charity holds free Unrestricted Reserves of £179,748 (2024: £142,369). These funds are held in a mixture of instant access bank accounts and fixed-term savings accounts.
The Trustees have designated funds of £135,000 from the Unrestricted Reserves towards the replacement of the minibus in c. 2029/30. 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 and/or 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).
Investment policy and performance
RACB maintains a detailed Investment Policy appropriate for a small charity with cash investments. The Investment Policy is reviewed annually.
The Charity's Investment Policy is to ensure sufficient liquidity for short-term funding for its day-to-day operations, and longer-term investment to build reserves to fund the purchase of a replacement minibus when required.
In the past year, cash investments in instant access savings accounts, notice savings accounts and fixedterm savings bonds generated interest income of £2,590 (2024: £3,729). The Charity seeks to produce 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 importance.
RACB's investments are held 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 (April 2025).
The Trustees are responsible for making investment decisions, including approving the investment policy, setting investment objectives, and selecting investment accounts.
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RISBOROUGH AREA COMMUNITY BUS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED5 APRIL 2025
FINANCIAL REVIEW
FUTURE PLANS
Set against its Objective, RACB has achieved a satisfactory performance and continues to provide a highly valued service to the local community. RACB is financially sound and has built a reserve of funds that will stand it in good stead when the time comes to replace the bus again in c.2028/29.
Plans for the forthcoming year (2025/26) include a continuing focus on financial management, risk management and adopting a business-like and data-led approach to the management of RACB.
Key projects will include:
A 12-month Review of RACB's amended bus routes and timetable. Areview and full update of the Drivers' Handbook. Applying to the DVSA Traffic Commissioner for a new Section 22 Permit.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity 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. Risborough Area Community Bus is a registered charity number 1136169.
The charitable company's memorandum and articles of association are its primary governing documents. The Trustees of Risborough Area Community Bus are also the directors of the charitable company for the purposes of company law.
The charitable company is Risborough Area Community Bus or RACB for short and details of the Trustees who served throughout the year are included in the Reference and Administrative Details on page 6.
Organisational structure
Overall control of RACB is exercised by a Board of Directors/Trustees, under the provisions of the Memorandum and Articles of Association of Risborough Area Community Bus.
The Board of Directors/Trustees 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 all of whom are active drivers. The Management Committee is fully accountable at all times to the RACB Board of Directors/Trustees. The RACB Board of Directors/Trustees has the power to appoint, override, amend, or dismiss the RACB Management Committee.
The Management Committee manages all day-to-day 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 maintained at all times to the highest possible standard; liaison with the Community Transport Association (CTA), passenger data and Real Time Passenger Information (RTPI) analysis and assessment, liaison with the Department for Transport (DfT) 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 investments to maximise income whilst minimising risk; ensuring adequate and comprehensive insurance cover for bus and drivers, including public and personal indemnity cover. The Management Committee provides administrative functions including the appointment of a Coordinator; the appointment of an accountant; seeking specialist advice on the use of QuickBooks Accounting; drawing up an annual Business Plan for consideration by the Board of Directors; maintaining data on bus operations and RTPI; and planning and execution of meetings.
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RISBOROUGH AREA COMMUNITY BUS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED5 APRIL 2025
Recruitment and appointment of new trustees
The subscribers to the memorandum are the members of the charity. Membership is open to other individuals or organisations who apply to the charity in the form required by the Directors and are approved by the 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 charity to refuse the application.
The Directors must inform 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 final. Membership is not transferrable. The Directors must keep a register of names and addresses of the members.
Induction and training of new trustees
It is desirable that potential Trustees have served on the RACB Management Committee before being selected and then, if applicable, elected as a Trustee by the Board of Trustees. in the majority of cases, Trustees are either current or former RACB volunteer drivers, having been trained to Minibus Drivers Awareness Scheme (MIDAS) standard.
Personnel Changes
Mrs J Carmichael resigned as a Trustee.
RACB's Honorary Treasurer Mr R Morgan was appointed as a Trustee and Director in October 2024 and personnel changes have occurred within the Management Committee during the year.
Key management remuneration
Apart from the appointed contractors, Accountants and specialist advisers, all others involved with RACB are 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 liabilities contracted before 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 respect of any negligence, default or breach of trust or breach of duty of which they may be guilty in relation to the Trust.
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RISBOROUGH AREA COMMUNITY BUS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07150185 (England and Wales)
Registered Charity number 1136169
Registered office Longwick Road Princes Risborough Buckinghamshire HP27 9RT
Trustees R Barnard J G Hughes P G Johnson R M Page M A Thomas J Stevens R D Morgan
Independent Examiner Mercer Lewin Ltd Chartered Accountants 6-7 Citibase New Barclay House 234 Botley Road Oxford OX2 OHP
Approved by order of the board of trustees on 12th December 2025 and signed on its behalf by:
RNiae eee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RISBOROUGH AREA COMMUNITY BUS
Independent examiner's report to the trustees of Risborough Area Community Bus (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | 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’). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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 true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance 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)).
| 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.
Andrew Churchill Stone The Institute of Chartered Accountants in England and Wales
Mercer Lewin Ltd Chartered Accountants 6-7 Citibase New Barclay House 234 Botley Road Oxford OX2 OHP
Date: 22 Vw IS.
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RISBOROUGH AREA COMMUNITY BUS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOMEAND ENDOWMENTS FROM | |||
| Donations and legacies | 7,432 | 27,994 | |
| Charitable activities | |||
| Providing, operating and maintaining | |||
| transport facilities | 41,853 | 30,892 | |
| Investment income | 2 | 2,590 | 3,729 |
| Other income | - | 28,000 | |
| Total | 51,875 | 90,615 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Providing, operating and maintaining | |||
| transport facilities | 58,948 | 40,114 | |
| NET INCOME/(EXPENDITURE) | (7,073) | 50,501 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 270,651 | 220,150 | |
| TOTALFUNDSCARRIEDFORWARD | 263,578 | 270,651 |
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RISBOROUGH AREA COMMUNITY BUS
BALANCE SHEET
5 APRIL 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted fund |
Total funds |
||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 83,657 | 112,094 |
| CURRENTASSETS | |||
| Debtors | 7 | 2,325 | 19,867 |
| Cash at bank | 179,601 | 142,369 | |
| 181,926 | 162,236 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (2,005) | (3,679) |
| NET CURRENTASSETS | 179,921 | 158,557 | |
| TOTALASSETS LESS CURRENT | |||
| LIABILITIES | 263,578 | 270,651 | |
| NETASSETS | 263,578 | 270,651 | |
| FUNDS | 9 | ||
| Unrestricted funds | 263,578 | 270,651 | |
| TOTALFUNDS | 263,578 | 270,651 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) — ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
9
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitabie company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 384 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 12th December 2025 and were signed on its behalf by:
R M Page - Trustee
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RISBOROUGH AREA COMMUNITY BUS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED5 APRIL 2025
- 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 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 Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the 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 there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement 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 the use of resources.
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%.
Motor vehicles are depreciated on a straight line basis of 25%.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted 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 the nature and purpose of each fund is included in the notes to the financial statements.
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RISBOROUGH AREA COMMUNITY BUS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5 APRIL 2025
----- Start of picture text -----
2. INVESTMENT INCOME
2025 2024
£ £
Investment interest receivable 2,590 3,729
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2025 2024
£ £
Independent examiner's fee 988 900
Depreciation - owned assets 28,437 4,808
Surplus on disposal of fixed assets - (27,046)
----- End of picture text -----
- TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
TRUSTEES' EXPENSES
There were no_ trustees' expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
----- Start of picture text -----
Unrestricted fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 27,994
Charitable activities
Providing, operating and maintaining
transport facilities 30,892
Investment income 3,729
Other income 28,000
Total 90,615
----- End of picture text -----
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----- Start of picture text -----
|||||
|---|---|---|---|
|EXPENDITURE|ON|
|Charitable|activities|
|Providing,|operating|and|maintaining|
|transport|facilities|40,114|
|NET|INCOME|50,501|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|220,150|
|TOTAL FUNDS|CARRIED|FORWARD|270,651|
----- End of picture text -----
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RISBOROUGH AREA COMMUNITY BUS
NOTESFOR TO THE FINANCIAL STATEMENTS- continued THE YEAR ENDED5 APRIL 2025
6. TANGIBLE FIXED ASSETS
| Fixtures | ||||
|---|---|---|---|---|
| and | Motor | |||
| fittings | vehicles | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 6 April 2024 and 5April 2025 | 2,852 | 114,988 | 117,840 | |
| DEPRECIATION | ||||
| At 6 April 2024 | 1,651 | 4,095 | 5,746 | |
| Charge for year | 713 | 27,724 | 28,437 | |
| At 5 April 2025 | 2,364 | 31,819 | 34,183 | |
| NET BOOK VALUE | ||||
| At 5 April 2025 | 488 | 83,169 | 83,657 | |
| At 5 April 2024 | 1,201 | 110,893 | 112,094 | |
| 7. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONEYEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| VAT | 1,816 | 19,011 | ||
| Prepayments and accrued income | 509 | 856 | ||
| 2,325 | 19,867 | |||
| 8. | CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | 1,005 | 459 | ||
| Accruals and deferred income | 1,000 | 3,220 | ||
| 2,005 | 3,679 |
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9. MOVEMENT IN FUNDS
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 6/4/24 | in funds | 5/4/25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 270,651 | (7,073) | 263,578 |
| TOTALFUNDS | 270,651 | (7,073) | 263,578 |
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RISBOROUGH AREA COMMUNITY BUS
FORNOTES TO THE FINANCIAL STATEMENTS- continued THE YEAR ENDED5 APRIL 2025
9. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 51,875 | (58,948) | (7,073) |
| TOTALFUNDS | 51,875 | (58,948) | (7,073) |
| Comparatives formovement in funds | |||
| Net | |||
| movement | At | ||
| At 6/4/23 | in funds | 5/4/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 220,150 | 50,501 | 270,651 |
| TOTAL FUNDS | 220,150 | 50,501 | 270,651 |
| Comparative net movement in funds, included in the | above are as follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 90,615 | (40,114) | 50,501 |
| TOTALFUNDS | 90,615 | (40,114) | 50,501 |
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Acurrent year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| At 6/4/23 | movement in funds |
At 5/4/25 |
|
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 220,150 | 43,428 | 263,578 |
| TOTALFUNDS | 220,150 | 43,428 | 263,578 |
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RISBOROUGH AREA COMMUNITY BUS
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED5 APRIL 2025
9. MOVEMENT IN FUNDS- continued
A ccurrent year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 142,490 | (99,062) | 43,428 |
| TOTALFUNDS | 142,490 | (99,062) | 43,428 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
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RISBOROUGH AREA COMMUNITY BUS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 |
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 |
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025 |
|---|---|---|
| 2025 2024 £ £ INCOME AND ENDOWMENTS Donations and legacies Donations 3,023 1,684 Grants 4,376 24,894 Exceptional items 33 1,416 |
||
| Investment income Charitable activities Investment interest receivable Concessions Kimble Route/BC & Chinnor Route/OCC Fares Group usage Days out |
7,432 2,590 15,877 20,663 1,966 1,477 1,870 |
27,994 3,729 15,840 9,495 1,346 2,283 1,928 |
| Other income Gain on sale of tangible fixed assets |
41,853 - |
30,892 28,000 |
| EXPENDITURE Charitable activities Support costs Management Finance Total incoming resources Community bus service Other support costs Depreciation of tangible fixed assets Loss on sale of tangible fixed assets |
51,875 19,098 9,639 28,436 - |
90,615 24,311 9,141 4,808 954 |
| 28,436 | 5,762 |
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| Governance costs Auditors' remuneration Accountancy and legal fees |
988 787 |
900 - |
|---|---|---|
| 1,775 | 900 40,114 50,501 |
|
| Total resources expended | 58,948 | |
| Net (expenditure)/income | (7,073) |
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