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
Page 1
## **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|
Page 2
## **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.
Page 3
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|
Page 5
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%
Page 7
## **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|
Page 8
## **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|
Page 9
## **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|
Page 10
## **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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