Registered number: 06627417 Charity number: 1140229 KNoTfY ASH COMMUNITY TRANSPORT UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023
KNOTfY ASH COMMUNITY TRANSPORT FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 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 IRD Page I
KNOTfY ASH COMMUNITY TRANSPORT ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 CONTENTS PAGE Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts 7t012 Detailed Statement of Financial Activities 11 Page 2
KNOTfY ASH COMMUNITY TRANSPORT TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2023 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
KNorrY ASH COMMUNITY TRANSPORT INDEPENDENT EXAMINERS REPORT OF KNorrY ASH COMMUNITY TRANSPORT FOR THE YEAR ENDED 30 JUNE 2023 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 2023 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 the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examine the accounts under s.145 of the 2011 Act; to follow procedures laid down in the general directions given by the Charity Commision under s.145{5)(b) of the 2011 Act. State whether particular matters have come to my attention. 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 disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting 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 and Reporting by Charities, have not been met: or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Invictus Accountancy Services Lim Stable Court Business Centre Water Lane Farm, Tarbock Green Liverpool, L35 IRD INVICTUS ACCOUNTANCY SERVI S1,Ible C"1) 1.111 Dated: N.%. Page 4
KNorrY ASH COMMUNITY TRANSPORT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 2023 Total 2022 Total Unrestricted Restricted funds funds Incoming resources Incoming resources Activities for generating funds Total incoming resources 884,630 884,630 884,630 692,138 884,630 692,138 Resources expanded Costs of generating funds Charitable activities Governance costs Total resources expended 887,679 2,990 890,669 887,679 756,414 2,990 2,740 890,669 759,154 Net incoming resources for the year (6,039) (6,039) (67,016) Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward (6,039) 114,934 108,895 (6,039) (67,016) 114,934 181,950 108,895 114,934 Page 5
KNorrY ASH COMMUNITY TRANSPORT BALANCE SHEET AT 30 JUNE 2023 2023 2022 Notes FIXED ASSETS Tangible assets 41,920 68,650 CURRENT ASSETS Debtors Cash at bank and in hand 113,795 10,568 124,363 58,984 1,711 60,695 CREDITORS: Amounts falling due within one year 57,388 14,411 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 66,975 108,895 46,284 114,934 CAPITAL AND RESERVES Unrestricted funds General fund Designated funds 108,895 114,934 108,895 114,934 For the year ended 30 June 2023 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 2023 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 behalf Elaine White Trustee Page 6
KNOTfY ASH COMMUNITY TRANSPORT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 I. 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 l 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 250/ reducing balance 15% Page 7
KNOThY ASH COMMUNITY TRANSPORT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 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 Commercial Fixtures Vehicles Fittings Total Cost At l July 2022 Additions Disposals At 30 June 2023 Depreciation At l July 2022 For the year Disposals At 30 June 2023 Net Book Amounts At 30 June 2023 169,676 1,900 20,000 151,576 7,658 177,334 1,900 20,000 7,658 159,234 103,604 16,993 8,750 111,847 5,080 108,684 387 17,380 8,750 5,467 117,314 39,729 66,072 2,191 2,578 41,920 68,650 At 30 June 2022 3. DEBTORS 2023 2022 Amounts falling due within one year: Trade debtors Rent deposit Taxation and social security Other debtors 90,524 16,753 6,518 37,115 16,753 5,116 113,795 58,984 4. CREDITORS: 2023 2022 Amounts falling due within one year: Taxation and social security Trade creditors Other creditors Accruals 1,755 18,895 33,150 3,588 57,388 1,954 4,669 4,500 3,288 14,411 Page 8
KNorrY ASH COMMUNITY TRANSPORT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 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 2023 there were 2 members. 6. UNRESTRICTED FUNDS Brought Incoming Outgoing Transfers Carried Forward resources resources forward 114,934 884,630 890,669 114,934 884,630 890,669 108,895 108,895 7. RESTRICTED FUNDS Brought Incoming Outgoing Transfers Forward resources resources Carried forward Page 9
KNorrY ASH COMMUNITY TRANSPORT INCOMING RESOURCES FOR THE YEAR ENDED 30 JUNE 2023 2023 2022 Incoming resources Incoming resources from generated funds Activities for generating funds Fees for the provision of transport Grants received 868,149 16,481 676,177 15,961 884,630 692,138 884,630 692,138 884,630 692,138 Page 10
KNOThY ASH COMMUNITY TRANSPORT RESOURCES EXPENDED FOR THE YEAR ENDED 30 JUNE 2023 Resources expended Costs of generating funds Charitable Activities Salaries cost Volunteers expenses Staff training 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 2023 2022 110,006 380,492 3,591 3,540 63,120 1,933 133,793 7,392 90,067 69,301 228 2,287 119,184 296,884 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 80 756,414 320 3,680 (3,830) 3,266 825 16,993 387 290 887,679 Governance costs Resources Expended Governance Costs 2,990 2,990 2,740 2,740 890,669 759,154 Page 11