Registered number: 06627417 Charity number: 1140229
KNOTTY ASH COMMUNITY TRANSPORT
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2022
KNOTTY ASH COMMUNITY TRANSPORT
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
TRUSTEES
C White E White
SECRETARY
Ms D White
REGISTERED OFFICE
Unit 4 Huyton Trade Park Wilson Road Liverpool L36 6JG
COMPANY NUMBER
06627417
CHARITY NUMBER
1140229
ACCOUNTANTS
Invictus Accountancy Services Limited Stable Court Business Centre Water Lane Farm, Tarbock Green Liverpool L35 1RD
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KNOTTY ASH COMMUNITY TRANSPORT
ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2022
| CONTENTS | PAGE |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 12 |
| Detailed Statement of Financial Activities | 11 |
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KNOTTY ASH COMMUNITY TRANSPORT
TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2022
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was the provision of community transport.
STRUCTURE GOVERNANCE AND MANAGEMENT
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
This report was approved by the Board of Trustees on
E. White Trustee
The trustee's, who are also the directors for the purposes of Company Law are;
C. White
E. White
Trustee's are elected by members for a period of three years. When electing trustee's experience and occupational status is taken into consideration.
None of the trustee's have any beneficial interest in the company.
All members of the company guarantee to contribute an amount not exceeding £1 in the event of winding up.
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KNOTfY ASH COMMUNITY TRANSPORT INDEPENDENT EXAMINERS REPORT OF KNOTfY ASH COMMUNITY TRANSPORT FOR THE YEAR ENDED 30 JUNE 2022 Independent Examiner's Report to the trustees of Knotty Ash Community Transport I report on the accounts of Knotty Ash Community Transport for the year ended 30 June 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the balance Sheet and notes. Respective responsibilities of trustees and examiner The trustees (who are also directors of the charitable company for the purpose of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under t Charities Act 2011 s.144(2) (the 2011 Act) and that an independent examinati is need Having satisfied myself that the charity is t subject tund and is eligible for independent examinati it my responsibility examine the accounts under 145 of the 2011 to follow procedures laid down in th neral cti Charity Commision under s.145(5)(b) of the 2011 Act. State whether particular matters have come to my attention. law ve Basis of Independent examiner's report My examination was carried out in accordance with the 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 discl ures in the accounts and seeking explanations from you as trustees concerning any such matte The procedures do not provide all the evidence that would be require an dit, a consequently no opinion is given as to whether the acco tsp rue and fai view and t report limited to th matte th tate Independent examiner's statement In connection with my examinati no matter has tomya ti (l) which es me reasonable cause to believe that in any material respect the require ts: to kee ac unting records in accordance with the Companies Act 2006, s.386 and to prepare accounts with accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice: Accounting an Reporting Charities, have not been met: or (2) to whic in my opinion, attention should be drawn i understan g of the accounts to be reached. rder to enable a ro er Invictus Accountan y Services Li Stable Court Business Centre Water Lane Farm, Tarbock Gree Liverpool, L35 IRD ited Page 4
KNOTTY ASH COMMUNITY TRANSPORT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| **Unrestricted ** | Restricted | Total | Total | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Incoming resources | ||||
| Activities for generating funds | 692,138 | - | 692,138 | 701,100 |
| Total incoming resources | 692,138 | - | 692,138 | 701,100 |
| Resources expanded | ||||
| Costs of generating funds | ||||
| Charitable activities | 756,414 | - | 756,414 | 678,759 |
| Governance costs | 2,740 | - | 2,740 | 2,490 |
| Total resources expended | 759,154 | - | 759,154 | 681,249 |
| Net incoming resources for the year | (67,016) | - | (67,016) | 19,851 |
| Net movement in funds: | ||||
| Net income for the year | (67,016) | - | (67,016) | 19,851 |
| Total funds brought forward | 181,950 | - | 181,950 | 162,099 |
| Net funds carried forward | 114,934 | - | 114,934 | 181,950 |
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KNOTfY ASH COMMUNITY TRANSPORT BALANCE SHEET AT 30 JUNE 2022 2022 2021 Notes FIXED ASSETS Tangible assets 68,650 53,609 CURRENT ASSETS Debtors Cash at bank and in hand 58,984 1,711 60,695 84,584 60,170 144,754 CREDITORS: Amounts falling due within one year 14,411 16,413 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 46,284 114,934 128,341 181,950 CAPITAL AND RESERVES Unrestricted funds General fund Designated funds 114,934 181,950 114,934 181,950 For the year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the Board of Trustees on Signed on their behal Elaine White Trustee Page 6
KNOTTY ASH COMMUNITY TRANSPORT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2022
1. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared in accordance with 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) - Charities SORP (FRS 102) (effective 1 January 2015) - and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources Expended
Expenditure is accounted for on accruals basis and has been clarified 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.
Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
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 purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes. Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles Fixtures & fittings
reducing balance 25% reducing balance 15%
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KNOTTY ASH COMMUNITY TRANSPORT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2022
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after trade discounts.
Trade and other creditors
Trade and other creditors are recognised at the settlement amount due after trade discounts.
2. TANGIBLE FIXED ASSETS
| Cost At 1 July 2021 Additions Disposals At 30 June 2022 Depreciation At 1 July 2021 For the year Disposals At 30 June 2022 Net Book Amounts At 30 June 2022 At 30 June 2021 3. DEBTORS Amounts falling due within one year: Trade debtors Rent deposit Taxation and social security Other debtors 4. CREDITORS: Amounts falling due within one year: Taxation and social security Trade creditors Other creditors Accruals |
Commercial Fixtures Vehicles Fittings Total £ £ 133,356 7,658 141,014 38,400 0 38,400 2,080 0 2,080 |
Commercial Fixtures Vehicles Fittings Total £ £ 133,356 7,658 141,014 38,400 0 38,400 2,080 0 2,080 |
|---|---|---|
| 169,676 7,658 177,334 |
||
| 82,780 4,625 87,405 22,024 455 22,479 1,200 0 1,200 |
||
| 103,604 5,080 |
108,684 | |
| 66,072 2,578 |
68,650 | |
| 50,576 3,033 |
53,609 | |
| 2022 £ 37,115 16,753 5,116 0 58,984 2022 £ 1,954 4,669 4,500 3,288 14,411 |
2021 £ 66,177 0 6,707 11,700 |
|
| 84,584 | ||
| 2021 £ 2,232 11,193 0 2,988 |
||
| 16,413 |
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KNOTTY ASH COMMUNITY TRANSPORT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2022
5. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 30 June 2022 there were 2 members.
6. UNRESTRICTED FUNDS
| Brought | Incoming | Outgoing | Transfers | Carried |
|---|---|---|---|---|
| Forward | resources | resources | forward | |
| £ | £ | £ | £ | £ |
| 181,950 | 692,138 | 759,154 | - | 114,934 |
| 181,950 | 692,138 | 759,154 | 114,934 |
7. RESTRICTED FUNDS
| Brought | Incoming | Outgoing | Transfers | Carried |
|---|---|---|---|---|
| Forward | resources | resources | forward | |
| £ | £ | £ | £ | £ |
| 0 | 0 | 0 | 0 | 0 |
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KNOTTY ASH COMMUNITY TRANSPORT
INCOMING RESOURCES FOR THE YEAR ENDED 30 JUNE 2022
| Incoming resources Incoming resources from generated funds Activities for generating funds Fees for the provision of transport Grants received |
676,177 15,961 |
2022 £ 686,008 15,092 692,138 692,138 692,138 |
2021 £ 701,100 |
|---|---|---|---|
| 701,100 | |||
| 701,100 |
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KNOTTY ASH COMMUNITY TRANSPORT
RESOURCES EXPENDED FOR THE YEAR ENDED 30 JUNE 2022
| Resources expended Costs of generating funds Charitable Activities Salaries cost Volunteers expenses Pension contributions Rent and rates Light, heat and power Repairs and licences Repairs and maintenance Motor expenses - fuel and oil Motor insurance Stationery, printing & office supplies Telephone Software Subscriptions Legal and professional fees Business insurance Bank charges Sundry expenses Depreciation of commercial vehicles Depreciation of equipment (Profit) & loss on commercial vehicles Governance costs Resources Expended Governance Costs |
2022 £ 119,184 296,884 3,298 42,025 15,213 100,279 3,466 65,316 73,139 994 2,436 90 408 6,283 2,100 2,205 535 22,024 455 80 756,414 2,740 2,740 759,154 |
2021 £ 94,335 282,192 2,692 35,279 0 95,287 7,242 50,596 79,958 1,037 758 1,634 750 2,760 1,445 2,161 209 16,859 535 3030 |
|---|---|---|
| 678,759 | ||
| 2,490 | ||
| 2,490 | ||
| 681,249 |
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