Registered number: 06627417 Charity number: 1140229
KNOTTY ASH COMMUNITY TRANSPORT
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2024
KNOTTY ASH COMMUNITY TRANSPORT
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
TRUSTEES
C White E White
SECRETARY
Mrs Elaine White
REGISTERED OFFICE
15 Waterloo Street Liverpool Merseyside L15 8JW
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 2024
| 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 2024
The trustees are responsible for keeping proper accounting records that dis reasonable accuracy at any time the financial position of the charity and to them to ensure that the financial statements comply with the Companies Ac The trustees are also responsible for safeguarding the assets of the charity hence taking reasonable steps for the prevention and detection of fraud and irregularities.
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was the provisi community transport.
STRUCTURE GOVERNANCE AND MANAGEMENT
The above report has been prepared in accordance with the provisions appl to companies subject to the small companies regime as set out in Part 15 of 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 a
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 exceed in the event of winding up.
Page 3 KNOTTY ASH COMMUNITY TRANSPORT INDEPENDENT EXAMINERS REPORT OF KNOTTY ASH COMMUNITY TRANSP FOR THE YEAR ENDED 30 JUNE 2024 Independent Examiner's Report to the trustees of Knotty Ash Comm
I report on the accounts of Knotty Ash Community Transport for the year en 30 June 2024 which comprise the Statement of Financial Activities, the Sum 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 purpo company law) are responsible for the preparation of the accounts. The trust consider that an audit is not required for this year under the Charities Act 2 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 compa and is eligible for independent examination, it is my responsibility to:
-
w examine the accounts under s.145 of the 2011 Act;
-
w to follow procedures laid down in the general directions given by Charity Commision under s.145(5)(b) of the 2011 Act.
-
w 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 g the Charity Commission. An examination includes a review of the accountin kept by the charity and a comparison of the accounts presented with those It also includes consideration of any unusual items or disclosures in the acco and seeking explanations from you as trustees concerning any such matters procedures do not provide all the evidence that would be required in an aud consequently no opinion is given as to whether the accounts present a "true view and the report is limited to those matters set out in the statement belo
Independent examiner's statement
In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect requirements:
to keep accounting records in accordance with the Companies Act 2006, s.3 prepare accounts with accord with the accounting records, comply with the requirements of section 396 of the Companies Act 2006 and with the metho principles of the Charities Statement of Recommended Practice: Accounting
Reporting by Charities, have not been met: or (2) to which, in my opinion, attention should be drawn in order to enable a p understanding of the accounts to be reached.
Invictus Accountancy Services Limited Stable Court Business Centre Water Lane Farm, Tarbock Green Liverpool, L35 1RD Dated: October 14th 2024
Page 4
KNOTTY ASH COMMUNITY TRANSPORT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024
| 2024 | |||
|---|---|---|---|
| **Unrestricted ** | estricted | Total | |
| funds | funds | ||
| £ | £ | £ | |
| Incoming resources | |||
| Incoming resources | |||
| Activities for generating funds | 898,614 | - | 898,614 |
| Total incoming resources | 898,614 | - | 898,614 |
| Resources expanded | |||
| Costs of generating funds | |||
| Charitable activities | 836,876 | - | 836,876 |
| Governance costs | 3,220 | - | 3,220 |
| Total resources expended | 840,096 | - | 840,096 |
| Net incoming resources for the year | 58,517 | - | 58,517 |
| Net movement in funds: | |||
| Net income for the year | 58,517 | - | 58,517 |
| Total funds brought forward | 108,895 | - | 108,895 |
| Net funds carried forward | 167,412 | - | 167,412 |
Page 5 KNOTTY ASH COMMUNITY TRANSPORT
BALANCE SHEET AT 30 JUNE 2024
----- Start of picture text -----
2024
Notes £
FIXED ASSETS
Tangible assets 2 42,535
CURRENT ASSETS
Debtors 3 124,400 113,795
Cash at bank and in hand 29,781 10,568
154,181 124,363
CREDITORS: Amounts falling 4 29,304 57,388
due within one year
NET CURRENT ASSETS 124,878
TOTAL ASSETS LESS CURRENT LIABILITIES 167,412
CAPITAL AND RESERVES
Unrestricted funds 6
General fund 167,412
-
Designated funds
167,412
----- End of picture text -----
For the year ended 30 June 2024 the company was entitled to exemption fro under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit of its finan statements for the year ended 30 June 2024 in accordance with section 476 Companies Act 2006.
The directors acknowledge their responsibility for complying with the requir of the Act with respect to accounting records and for the preparation of acco
These accounts have been prepared in accordance with the provisions appl companies subject to the small companies regime.
Approved by the Board of Trustees on
Signed on their behalf ........................................ Elaine White Trustee
Page 6 KNOTTY ASH COMMUNITY TRANSPORT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
1. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared in accordance with Accountin Reporting by Charities: Statement of Recommended Practice applicable to c preparing their accounts in accordance with the Financial Reporting Standa applicable in the UK and Republic of Ireland (FRS 102) - Charities SORP (FRS (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 m accounting) since last year and no changes have been made to accounts fo years.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be qu with reasonable accuracy.
Resources Expended
Expenditure is accounted for on accruals basis and has been clarified under that aggregate all cost related to the category. Where costs cannot be direc attributed to particular headings they have been allocated to activities on a consistent with the use of resources.
Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are reco accordingly.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives discretion of the trustees.
Restricted funds can only be used for particular purposes within the objects charity. Restrictions arise when specified by the donor or when funds are ra particular purposes. Designated funds are funds set aside by the trustees o
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 acco 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 th 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 2024
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 discounts.
Trade and other creditors
Trade and other creditors are recognised at the settlement amount due afte discounts.
2. TANGIBLE FIXED ASSETS
| 2. TANGIBLE FIXED ASSETS | ||
|---|---|---|
| **Commercia ** | Fixtures | |
| Vehicles | Fittings | |
| Cost | £ | |
| At 1 July 2023 | 151,576 | 7,658 |
| Additions | 16,600 | 6,972 |
| Disposals | 10,000 | 0 |
| At 30 June 2024 | 158,176 | 14,630 |
| Depreciation | ||
| At 1 July 2023 | 111,847 | 5,467 |
| For the year | 11,582 | 1,375 |
| Disposals | 0 | 0 |
| At 30 June 2024 | 123,429 | 6,842 |
| Net Book Amounts | ||
| At 30 June 2024 | 34,747 | 7,788 |
| At 30 June 2023 | 39,729 | 2,191 |
3. DEBTORS
2024
| 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 |
£ 102,783 16,753 4,864 0 |
|---|---|
| 124,400 | |
| 2024 £ 2,146 23,294 0 3,864 |
|
| 29,304 |
Page 8 KNOTTY ASH COMMUNITY TRANSPORT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
5. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Ea member gives a guarantee to contribute a sum not exceeding £1, to the com should it be wound up. At 30 June 2024 there were 2 members.
6. UNRESTRICTED FUNDS
7. RESTRICTED FUNDS
| Brought | Incoming | Outgoing | Transfers |
|---|---|---|---|
| Forward | resources | resources | |
| £ | £ | £ | £ |
| 108,895 | 898,614 | 840,096 | - |
| 108,895 | 898,614 | 840,096 | |
| 839866 | |||
| Brought | Incoming | Outgoing | Transfers |
| Forward | resources | resources | |
| £ | £ | £ | £ |
| 0 | 0 | 0 | 0 |
Page 9 KNOTTY ASH COMMUNITY TRANSPORT
INCOMING RESOURCES FOR THE YEAR ENDED 30 JUNE 2024
| 2024 | |||
|---|---|---|---|
| £ | |||
| Incoming resources | |||
| Incoming resources from generated | funds | ||
| Activities for generating funds | |||
| Fees for the provision of transport | 876,275 | 868,149 | |
| Grants received | 22,338 | 16,481 | |
| 898,614 | |||
| 898,614 | |||
| 898,614 |
Page 10 KNOTTY ASH COMMUNITY TRANSPORT
RESOURCES EXPENDED FOR THE YEAR ENDED 30 JUNE 2024
| Resources expended | 2024 |
|---|---|
| Costs of generating funds | £ |
| Charitable Activities | |
| Salaries cost | 102,155 |
| Volunteers expenses | 359,295 |
| Staf training | 428 |
| Pension contributions | 3,455 |
| Rent and rates | 62,259 |
| Light, heat and power | 11,260 |
| Repairs and licences | 90,553 |
| Repairs and maintenance | 7,146 |
| Motor expenses - fuel and oil | 74,917 |
| Motor insurance | 69,611 |
| Vehicle rental | 30,150 |
| Stationery, printing & ofce supplies | 685 |
| Telephone | 4,158 |
| Software | 70 |
| Subscriptions | 551 |
| Legal and professional fees Business insurance Bank charges Sundry expenses Depreciation of commercial vehicles Depreciation of equipment (Proft) & loss on commercial vehicles Governance costs 2990 Resources Expended Governance Costs 839866 |
4,142 3,085 0 11,582 1,375 0 |
|---|---|
| 836,876 | |
| 3,220 | |
| 3,220 | |
| 840,096 |
Page 11
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130,271
42,535 41,920
2023
£ 90,524 16,753 6,518 0 113,795 2023 £ 1,755 18,895 33,150 3,588 57,388
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Carried forward £ 167,412 167,412 167642 Carried forward £ 0
2023 884,630 884,630 884,630
2023 £ 110,006 380,492 3,591 3,540 63,120 1,933 133,793 7,392 90,067 69,301 0 228 2,287 0 320
3,680 -3,830 3,266 825 16,993 387 290 887,679 2,990 2,990
890,669