BRID NORTH COMIIIUNITY TRANSPORT GRO an Limit arantee Com stered Charl An No 7562490 Nllmber: 1142028 Financial Statements 4r Ended 318t Mar¢h 2022 Silver & Co Accountonts, TaxaÈton & Business Advisor
BRIDGNORTH COMMUNrrY TRANSPORT GROUP stsred Chari Number: 1142028 coNrENTS Page Report of the Directors Report of the R¢porting Accountants Statement of Finao¢i&l A¢iiviti¢s Balance Sheet Notes to the Finan¢ial Stat¢m¢nts 9-21
BRIDGNORTH COMMUNITY TRANSPORT GROUP stered Chari Number: 1142028 Year Ended 31st March 2022 DIRECTORS- EXECUTIVE COMMITTEE Peter Me¢han Brian Jon¢s Margaret Lom8S Peter Lindsell George L¢t Mffanwy Brady Chris Jet]nison Elliot Lynch Les Winwood Stan Butler Vice Chair Treasurer Secretary resigned 18 March 2022 appointed 12 May 2021 SECRETARY Peter Lindsell REPORTIIYG ACCOUNTANTS Silv¢r & Co Accountants The Hollies 16, Si. John Street Brid8north 8hrop8hir¢ WV15 6AG BANKERS Lloyds Bank PIC 8 High Street Bridgnorth Shropshire WV164DN SOLICITORS REGISTERED OFFICE 16, Si. John Street Bridgnorth Shropshire WV15 6AG
BRIDGNORTH COMMUNITY TIL4NSPORT GROUP tered Ch#rit Number: 1142028 Year Ended 31st Marth 2022 DIRECTORS ANNUAL REPORT The Dir¢¢torspre8ent their report and the independently ¢xamined financial stat¢m¢nt$ of the charity for the year ¢nd¢d 31 yi March 2022. The directors have adopted the provision8 of the Statevnent of Recommended Practice (SORP) "A¢¢ounting and Reporting by Charities" (FRS 102) in preparing the annual report and fJnaD¢ial statements of the charity. The financial statements hav¢ be¢n prww¢d in accordance with the a¢counting polici¢s set out in not¢s lo the accoullL$ and comply with ihe ¢harity'$ govcrning document. the Charities Act 2011 and Accounting and Rep)rting by Charities.. Statement of Recommended Prdctice applicable to charities preparing th¢iT a¢counts in accordance with the Finatt¢ial R¢porting Standard for Smaller Entities published on 16 July 2014. Bridgnorth Community Transport Group ig a charitsble Company incorw)rated in 2011. limited by guarantee, re8lSt¢r¢d chÈrity number 1142028, registered company number 7562490. The charity 18 governed by its 01 memorandum and artj.cles of association. DITectorB The Director8 who h¢ld office durin8 the yw are lisiedon the schedul¢ of Directors. The charity continued to provide a community passenger service within BridgDorth, Cleobury Mortimcr and their 8uJYounding villag¢$. Publlc Ben flt tat There are three main aspects to our work..- l) We use our own wheelchair accessible minibuses to provid¢ regular minibus services into Bridgnorth town from ar¢8s thot ar¢ not Adequately served by existing public transport. Current services include a twice weekly service from Claverley to Bridgnorth, w¢¢kiy service5 from Cleobury Mortimer, Bunvarton and Hampton Loade to Bridgnorth and 8 monthly service from Alvel¢y to Bridgnorth. Users of these services need to becom¢ m¢mb¢rs of the GTOUP (th¢ annual membership fee is currently £8), and pay a fare for each journey, except (hat hold¢r8 of Bus Cards ¢an travel free, the cosi of their fares being reimburs¢d by Shropshire Council. 2) We also mak¢ our minibuses available to local voluntary 0up8 for transporting their own members. Groups ean provide their own (trained) driver or we provide on¢ of the volunteer driver8 if required. Group membership costs £20 and we make a modest mileage charge to cover ur op¢raliIi8 ¢0Sts. 3} We coordinate the Bridgnorth Voluntary Car Scheme, whose volunteer drivers use their own car5 to provide iransport for p¢opl¢ who donl have reasonable access to 8 car or publi¢ transport for essential joumeyg such &s ru¢dical appointments. Customers pay a sn]All mileage charge, which goes towards th¢ ¢xp¢ns¢s incurr¢d by the dn'vers in providing and operating their cars and Shropshire Council makes a contribution towards these rosts too. Tbe scheme is wholly voluntary and is believed to be one of the oldest and laTgest h¢M¢S of it's kind in the country. As a charity, w¢ n¢ed to ¢nsur¢ that our activities are undertaken for the public benefit and in developing them we have had regard to the guidanee on public b¢nefit 155ued by the Charity Commission.
BRIDGNORTH COMMUNITY TRANSPORT GROUP Re Stered Chari ber: 1142028 Ye*r Ended 31st March 20 DIRECTOR ANNUAL REPO ontinued ehl ents and Performaoee Passenger numbers began to gradulY r¢cover as w¢ ¢ontinued to emerge from the coronavin pand¢mic. 895 passcngs used our rcgular serYic¢s b¢tw¢¢n l April 2021 and 31 March 2022. compared with 1,336 between l April 2019 and 31 March 2020. Incomc from Groups between l April 2021 and 31 March 2022 totallcd £4,601. (This inrluded £1,153 from individual minibus journeys by wh¢elchair-us¢rs who wcrc unable to transfer to 8 ar s¢at.) In comparison. income from group hire between l April 2019 and 31 March 2020 totalled £16,005. Between l April 2021 and 31 Mar¢b 2022 our voluntary Car scheme drivers Goved & tots] of 55,515 miles and carried 2.109 passengers. compared with 64.316 miles and 2,773 passengers between l April 2019 and 31 March 2020. The above $tat15tics compare the 2021122 financiAI y¢8r with 2019120. This is because (apart from a very short period at the end of March 2020) 201912020 was the last pre-pandemie finan¢ial year. Activity during the 2020121 financial year. which included the height of the pandemic. was very low and would noi have provided a useful comparison. Expressed as a percenlage of the 2019120 tots18, activity during 2021122 was as follow8:. Rcgular Service Passensers.. 670/• Income from Groups.. Car S¢heme Passenger Journ¢ys'. 2/. 760/0 A8 at 31 March 2022 the Group had 68 paid-up individual member8 and 19 group members. ¢omp&red with 98 individual members and 48 groups on 31 Mawh 2020. The Executive Committee undert(k a Teview of the membership requiT¢m¢nls during ihe year, as a rcsult of which it was agr¢ed that the membership fee be waived for whe¢l¢hair-bound mintbus passengers and their carers and that the Group's volunteers be invited to become m¢mb¢rs without being charged a fee. Users of the voluntary ear scheme are not required to become members. bul th¢ Ex¢cutive Conunitt¢¢ has decided that regular users of the scheme Should be encourag to become memb¥r.$. In November 2021 we purctwed a second-hand (2014 Reg) Ford Transit Minibus to replace one of our 13 year old Volkswagen Crnfter buses. Flnanclal Revl As al 31 March 2022 our assets comprised cash #t th¢ bank, a 13 Seat minibus (acquired in February 2017 and finaDced from th¢ Government's Community Transport Minibus Fund), two 15 seat minibuses (purchased from Shropshire Council), a $¢¢ond-hand 17 seat minibus Ipurchased in November 2021) and items of offi¢¢ ¢ouipment. Approximaicly £18.500 of the c&qh at bank is ring- fenced for the purchas¢ or leasing of repla¢¢m¢nt minibuses. The maintenance of our minibuses. including regular safety ¢h¢cks, is undertaken by Arch Motor Services and fikel cxrd8 (for the ptsrch&8e of diesel fuel) are provided by UK Fuels. We rent our otTs¢c at 16 St John's Street, BridOrth and employ th¢ organisation's Operational Manager and Offir¢ Administrator. (Both work part-time and share the offi¢¢ r¢sponsibilitie5.) Despite the pandemic, our finances remained in a healthy 8tste due to generous sUPPOrt from Shropshire Couneil and HM Government (see below).
BRtDGNORTH COMMUNITY TRANSPORT GROUP stered Chari umber." 1142028 ar Ended 31st March 2022 DIRECTORS ANNUAL REPORT- Continued Main Fundin Source Our muin sources of funding are normally an annual grdnt from Shropshire Council. e[shiP f¢¢s. fares charg¢d to pass¢ng¢rs on our regular seryires, reiTnbursement by the Council of fares foregone through a¢¢¢pting Bus Cards, subsidies from the Council towards the cost of operating loss- making regular services, fuel duty rebates (Bus Service Opeyator's Gr4mt), hire ¢harge8 from member organisations and a contribution from Shropshire Council towards the cost of coordinating the Voluntary Car Sch¢m¢. During thc pandemic, as well &8 continuing to provid¢ their usual grnnt aid, Shropshire Council managed to secure 'supplier relief funding for us. The Govrrnlnent also ¢olltinued to pay us Bus Serviee Operator'¥ Grant at 41 LOTllp8Table level to previous ycars. In recent years the Group has also benefitt¢d from grants from the Co-operative Local Community Fund. Restricted Funds The Group does not operate any restricted fimds. Reserves Polic The Group does not have a Re8eTves Policy. ueture ov rnance and ManA ement We a o ¢harilabl¢ company limil¢d by guarant¢e, in¢on)ornt¢d on 14 March 2011 and registered as a ¢harity on 23 May 2011. Our articles of Association set out our objectiv¢s and powers and how we are governed. In the event of the comp8ny being wound up? members may be r¢quir¢d to contribute an amount not exceeding £1. The dire¢tots of the company ar¢ also ¢hority tTUStees f(Trr the puTposc$ of charity law and under the ¢ompany'g Arti¢les are known as 2nembers of the Executive Committee. Ex¢¢utiv¢ c.ommittee members are elected at the Annual General Meeting. Only individual members of the company or persons nominated by our member organisations may stand for election to the Committee and it may in addition ¢04)pt up lo two other p¢rsot]s, who do not have to be m¢mbers of the Company* lo setve as fijll voting members of the Lommittee. Members of the Ex¢cutive Committ¢¢ during th¢ period covered by thi8 report are listed on the charity infomiation page at the beginning ofthese aecounts. The f()Ilowtng additional persons have attended meetings as observers, with no voting rights.. Kay Kightley (Operation Manager) and Mary Thomas (Offi¢¢ Administrator). Th¢ Executive Committee noMllY meets every three months. However. during th¢ coronavirus epidemic meetings have been infrequeTht and undertaken virtually using specialist meetings sofvare. All members of the Con]mitlee give thcir tim¢ voluntarily and receive llo benefits from the charity. The Operational Manager and Office Administrator are responsible for the day to day operational management of the organisation alld they report to, and are guidcd in their Work by, an Operational Sub-Con]tDitt¢e appointed by th¢ Ex¢LUtiv¢ Conunittee. Th¢ Operational Sub-Committ¢¢ m¢¢ts monthly and during th¢ period covered by this report comprised Peter Meehan (Chairn)an), Brian Jones (Vice Chair), Peter Lindsell (Secretary), Margaret tA)mas (Treasurer) and Myfanwy Brady.
BRIDGNORTH COMMUNITY TRANSPORT GROUP stered Chari Number: 11420 Year Ended 31st March 2 22 DIRECTORS ANf4uAL REPORT- ContlJ)ued nds held as Cllstodlan TTUStee on behalf ol other8 Th¢re W¢ no custodian fund8 held on behalf of third parties (2021-£Nil). Pernianent Endowment l]hv
Total Retsrn Ba
There w¢r¢ no ¢ndowment funds invested {2021-£Nil). Thir Par Indemnl Provl810 There were no provisions for 3rd pty itsdenulity {2021-£Nil). FlnAne tnts With the exception of Dornial trading income and expenses there are no financial instruments. arch and D ment The charity does no¢ undertake any r¢¢ognised research and development. nslbllltl Dlr Thc Directors by eompany law are responsible for the preparation of the finaneial stsÈ¢ments which L<ive u tru¢ and fair view of thc slate of affairs of the charity. In preparing the financial statements, the directors are r¢quir¢d to: select suitable &ccountin8 policies and then apply them consistently- observe th¢ methods and principles in the Charities SORP; make judgements and estimates that are r¢8sonable and prudcnt; ptepare the financial ststcmcnts on the ¥oing con¢¢rn basis unless it is inappropriate to presume that the ¢hatity wdl continue in business. The directors are responsible for keeping proper ar¢ounting records that dis¢lose with reasonable accuracy at any tim¢ the financial posltion of the charity and to enable them lo ensure that the findn¢ial statements comply with the Companies Act 2006. They are also responsible for safeguarding th¢ assets ofthe charity and hcn¢¢ taking reasonable steps for the prevention and detcction of fraud and oth¢r irregularitie8. The directors ar¢ also responsible to ensure all dir¢rtor8 are up to date with legislation and ¢0 ensure th¢ internal control systems aro dcsigncd to meet th¢ Charity's particular needs and the risks to which it is expos¢& to manage those risks and to provide reasonable assurance against misstatement or loss. Sm411 Com an Exem tioll The directors have taken #dvalltage of the exeinpttons confeffed by Part l of schedule 477 of the Companies Act 2006 and have done so on the grounds that in their opinion, th¢ Company is entitled to those exemptions 85 a small company.
BRIDGNORTH COMMUNITY TRANSPORT GROUP istered Chari u]nb¢r: 1142028 Year nded 31st March 2022 DIRECTORS Af+rUAL RF.PORT. Continued Disclosure of Inforniatioll to the ExamineJ3 We, the direciorsl trustees of the ch&rity who held office at the date of approval of these Finan¢i&l Statem¢nt5 as s¢t out above eaL'h Confi so far as w¢ aware. that.. there is no rel¢vant Audit inforniatton of which th¢ charity's exÈrniners are unaii"are' and we hav¢ taken all the steps thxt we ought to have taken as directors in order to make ourselves aware of any relevant audit infornlation and to ¢st&blish that the charif) 5 examiners are aivare of that infornwtion. In approving the Directors, Annual Report, we also approve the Strategic Report included therein. in our ¢apacity a5 company directors. On b¢half of the board Peter Meehan DIlor aiid Chairnian 1£ JvL.y. 10.7£
At¢ountaDC ort to the Members on the Unaudited Accounts of PORT GROUP We report on the accounts of the'Bridgnorth Community Transport Group, for the year ended 3 1st March 2022 which are set out on pages 7 to 21. Res onsibilities of the diretlon and re rtin aeeoullt4nts The direetors by Company law are responsible for the pr¢paration of the aeeounts. The directors consider that an Audit is not required under section 144(2) of the Charities Act 2011 and that an indepcndent examination is n¢¢ded. Having satisfied ourselves that the eharity is not subject to audit und¢r ¢ompany law and is eligible for independent exAmination, it is our trsponsibility to-. Examine the a¢¢ounts under section 145 of th¢ 2011 Act. Follow the procedures laid down in the General Directions given by tho Charity Commission under scction 145(5)(b} of the 2011 Act. and state whether parti¢ular m&tters have come to our attention. Basis oftb¢ ¢ ort Our examination was carried out in aecord#n¢e with the general dir¢¢tions given by the Charity Commission. An examination in¢ludes a review of the accounting of the uceounting Tecords kept by the charity and the comparison of tlie accounts presented with those records. It is also in¢ludes ctsnsiderntion of any unusuAI items or dis¢losure$ in the accounts, and seeking ¢xplaTtations from you as trustees conming any such matters. The pro¢¢durcs und¢rtaken do not provide all the evid¢nrK that would be required in audil and Consequently no opinion is given as to whether the accounts present a '1C and fair view" and the report is limited to those matters set out in the statement below. endent examincrs o Inlon In connection with our examination, no matter h8s ¢ome to our attention.. which gives us reasonable ¢ause to believe thE4t, in any material respecl the requiremenls.. to keep accounting records in &ceordanee with se¢lion 386 of the Companies Act 20n6' and to pr¢pare OuntS which accord with the &ccounting r¢¢ords, comply with the accounting r¢quireMenls of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practise.. Accounting and Reporting by Charities have not been met. or 2. to which, in our opinion, attention should be drawn in order to ¢nable a proper understanding of the account to be reached. Silver & Co Reporting Accountants Accountants. Taxation & BusÉness Advtsors Date Q2 The Hollies 16. St John Str¢¢l Bridgnorth Shropshire WV15 6AG
BIUDGNORTH COMMUNITY TRANSPORT GROUP istered Cb#ri Number: 1142028 STATEMENf OF FtNANCIAL ACTIVITIE Year Ended 31st March 2022 2022 2021 Restricted Fundg rvtricted Funds Totsl Totsl Note IneotDe from: Fares & Hire Charges Granls, Donations & Other Refunds Membership Fees Fund Raising Events Bank Inter¢st Other {Covid Support 2021-22) 7,112 35.023 1,016 7.112 3),023 1,016 393 22,793 887 2,566 2.566 19,243 Total Ineom¢ 45,720 43.-322 Expenditure oll: V¢hicle Expenses Drivers, Expenses Prolessional Fees Accountancy Fees Rent & Rates Lighting & Heating Telephone Stationery Insurance Advertisin8 Staff Costs Training Expenses Repairs Miscellaneous Expens¢s Depreciation 10,660 641 10,660 11.125 640 845 1.8:.5 845 1.875 302 684 883 506 453 17,220 830 1.350 180 825 398 476 684 883 i06 4)) 17.::0 16,501 130 9.600 739 6.406 9.600 Total ExpeDdlture 4i.-'99 43,799 39.469 Net Incom¢ l {Expendlture) 1.9:1 1.921 3,853 Fund Balances brought fotV/aTd Funds Transfer 33 62,899 59,046 Fund Balances Carried fDfwArd 33 64.870 64.820 62,899 All ineome and expenditure derive from continuing activilies.
BRIDGNORTH Co[uNITy TRANSPORT GROUP tered Chari umber: 1142028 BALANCE SHEET Year Ended 31st March 2022 2022 2021 Total Total Iyots FIXED ASSETS 19 28,803 19.218 CURRENT ASSSETS Debtors Cash at Bank and in hand 685 44,239 36.958 36,958 44,924 CREDITORS.. Creditors 25 941 1.242 NET ASSETS 64,820 62.899 TOTAL ASSETS REPRESENTED BY: Gener&1 Funds Restrieted Fund$ 33 33 64.820 62,899 64,820 62,899 The finan¢iAI stateincnts were approved and authorised for issue by the Board on. 2Y..7knk 2022 Signcd on behalf of the board of directors Peter Meehan Date The notes on pages 9 to 21 forni part of these financial statement5. Cownpany regi5trdtion number.. 7562490
BRIDGNORTH COMMUNITY TRANSPORT GROUP istered Cbari Number: 1142028 NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st March 21122 l. Summ of81 ificant accountin o]icie8 (a) General inforn)ation and basis of preparation Brid8ttorth Community Transport Group is a charitable limiled company in the United Kingdom. In the ¢v¢nt of the charity being wound up, thc liability in respKt of th¢ guarantee is limited to £1 per m¢mber of th¢ chariry.Th¢ Address of the r¢stered office is given in the chority information at the beginning of these financial ststements. The nature of the charity's operations and principal activitie5 are to provide a community passenger service wiihin Bridgnorth. Cleobury Mortimer and their surn)undin8 villages. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordan¢e with Accounting and Reporting by Charities. Statement of Recommended Practice appli¢abl¢ to ¢hariti¢s pr¢paring their a¢¢ounts in ac¢ordan¢e with the Financial Rcportin StAnd&rd appli¢able in the UK and Republic of Ireland (FRS 102) i8su¢d on 16 July 2014, the Charitics Act 2011, the Companies Act 2006 and UK Generdlly Acc¢pt¢d Practi¢¢ as it applies from L January 2015. The financial statements are prepared on a going concern basis under th¢ hisori¢al ¢ost convention, modified io include certain items al fair value.'I'he financial statements are prepared in sterling which 18 the funtional currency of the charity and rounded to the nearest pound {£}. The Significant aeeounting polocies applied in the preparation of these fitydncial statements are sei out below. These policie4 have been conlstentIY applied to all years presented unless othetwise stated. The charity adopted SORP IFRS 102) in th¢ ¢urr¢nl y¢ar and an ¢xplartalion of how transilion lo SORP (FRS 102) has 8ffe¢led the reported financial position and perfornw)ce is Biv¢n in note 42. b} Funds Unrestricted funds are available for at the discretion of the tNstees in furtherallce of the general objectives of the charity and which have not been des1)led for other purposes. D¢sign&l¢d fimds ¢ompris¢ utvestricted funds that have been s¢t aside by th¢ trust¢¢s for particular purposes. The aim and use of each designated fund is 8et out in the notes to the financial statements. Restricted fijnds are fijnds which are to be used in accordance with specific restri¢tions imposed by donors or which have been raised by the charity for particular purposes. The c08t of raising and administering such funds are charged against the specific hnd. The aim and use of each restricted fund is 8¢1 out in the notc$ to th¢ financial $t8tements. Endowment funds represent those assets which must be held pcrniancntly by the charity. Income arising on th¢ cndowment funds eAn bc used in aeeordance with the objects of the charity and LS included 48 unrestricted income. Any capital gains or losses arising on the investments forni part of the fund. Investm¢nt management charges alld legal advicc relating to the fund are charged against tbe fund. c) Income Recognition All inco[llg resources are included in the Statement of Finallcial Activities (SOFA) when the charity is legdly entitled to the income after any perfornnCe conditions have been meL the amount can be measured reliably and it 1$ probable that the income will be received.
BRIDGNORTH COMMUNrrY TRANSPORT GROUP stered C'hari Nujnber: 1142028 IYOTES'fo THE FINATr4CLIL SI"ATEMENTS- CoDtinued Year Ended 1st March 2022 For donations to be recognised the charity will have been notified of the amounts and the s¢ttl¢m¢nt date in writing. If there are condRtions attached to thc donation and this requiTes a level of perfomiancc before entitlemellt can be obtatned then iD¢ome is (kferred until those ¢onditson8 are fully met or th¢ fulfilment of thosc wnditions is within the Control of the chaTity and it is probable that they will be fulfilled. Donated facilities and donated prof¢s$ional services are recognised in income ai their fair value when their economic benefit is probable, it can be measured reliably and the chartty has control over the item. Fair valuc is deterniined on the basis of the value of th¢ gift to the charity. Fot ¢X8mple the amount the charity would be willing to pay in the open market for such facilities and services. A ¢ottcsponding amount 18 recognised in expenditure. No amount is included in the financial 81atements for volunt¢¢r timc in line with the SORP (FRS 102). Further detail is given in the Trustees. Annual Report. Where praaicablei gifts in kn'nd donated for distributioj to the beneficiarÈes of th¢ charity are included in stock and donations in the financial statements upon receipt. If it i¥ impracticable to asscss the fdir value at reccipt or if the Costs to undertak¢ su¢h a valuation outweigh smy b¢n¢tits, then the fair value is recognis¢d as a component of donations when it is distributed and an equivalent wY)ount recognised as charitsble expenditure. Gifts in kind donated for re8ale are included at fair value, being the expe¢t¢d pro¢¢edy from sale less the Lxp¢¢t¢d costs of sale. Whcr¢ estimating the fair value is practicable upon r¢¢¢ipt il 15 recognised in Stock and 'lncome from oihLr tradingF HctiVitL. Upon sale, the valu¢ of the stock is charg¢d again&t 'ED¢omc from other trading activities, and th¢ procccdy are recowsed oy 'ln¢om¢ from other trading activilic5' WhLrc it ib impra¢ticuble to fair value th¢ itcms due to the volume of low value items they arc not re¢ognis¢d in the financial yldtcments until they ar¢ sold. This income is recognis¢d within 'Income from other trading activities,. Fixed a8t gifts in kind are recognised whcn receivabl¢ and are included at fair value. They are not deferr¢d over the life of the ass¢t. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being r¢¢eived. At this point income is recognised. On occasion legaLies will be notified to the charity however it is not possible Lo measure thL amounl expect¢d to bL distributed. On th¢s¥ oLLasions. the lega¢y is treated as a contingent a5SCt and disclosed. Incom¢ from trading activities includ¢s income earned from fundruising events and trading activities to raige funds for the ¢harity. Income is re¢¢ived in exchange for supplying goods and services in order to rdi%¢ funds and is recognised when entitlement has oc¢urred. The Charity govcrnmcnt antS in th¢ year for COVID19 ¢oronavirns £2,566 (2021-£19.243). It has r¢¢¢ived a gift in kind from the Government in the financial year (2016117) in the forni of a mini bus from the Community Transport Mini bus fund. tnetsme from the government and other Erants are reCOlsed at fair value when the charity has entitlement after any perforniance conditions havc been met, it is probable that the income will be receiv¢d and the amount ¢an b¢ measured reliably. If entitlement is not met then these amounts are deferred. The Charity did not hold any inve%tm¢nt income in the year {2021-£Nil). Investment income 18 earn¢d through holdinbT asscts for investment purposes 8uch as shares and property. It includcs dividends, inter¢st and rent. Where it is not practicable to identify investment management costs incutr¢d within a scheme with reasonable accuracy the investment income ts reported net of these costs. It is included -1
BRIDGNORTH COMMUNITY TRANSPORT GROUP steTed Chari Number: 1142028 NOTES TO THE FINANCIAL STATEMENTS. C ntinued Year Ended 31&t MaTch 2022 when the amount can be m¢asured r¢liably. Int¢st incoJne is recognised using the effective interest method and dividend and rent income is recognised as the charity's right to re¢¢iv¢ paymcnt is estsblished. Other in¢om¢ includes th¢ conversion of ¢ndowmcnt fund5 into income which arises when capital ndS are released to an income fund from expendable endowments or when a ¢haTity has authority to adopt a total return approach to ils pernianent endowment fund. It also includes other income such as gains on disposals of tangible fixed assets. d) Expendlture Recognitlon All ¢xp¢nditur¢ is a¢¢ount¢d for on an a¢¢ruals basis and ha$ been ¢lassified under headings that aweg&t¢ all costs related to the category. Expenditure 18 reco]Ised wher¢ there 18 a le81 or constructive obligation to make payments to third parties, it is probable that the settlement will b¢ required and the amounl ot th¢ obligation can be measured reliably. It is catcgorised under th¢ following headings.. Costs of raising fund$- none Expendityr¢ on chaTitJble 2¢tivities- none Other expenditure r¢pres¢nts th08¢ Items not fallin8 into the ¢4tegories above. Irrecoverable VAT is charged as an expense aE&inst ihe activity for which expenditure arose. Grants payable to third parties are within the charithble objectives. Wher¢ uncundittonal gr4nts are offcrcd. this is accnjed as soon as the recipicnt is notificd of the grant, as this gives ri.se to a re&qonable cxpcctation that thc recipicnt will receive th¢ grants. Wherc grants are conditional r¢lating to pcrtoruwJc¢ th¢n th¢ grant is only a¢cru¢d wh¢n any unfulfilled ¢ondilion8 ar¢ outsid¢ of the control of lhe charity. e) Support Costs Allocation Support Costs are those that assist the work of the charity under managemeni and administration under the statem¢nt of finxn¢iAI #ctivities but do not directly represent eh&ritabl¢ aLtiviti¢& and include office co$ts, governance costs, administrdtive payroll costs. They aTe incurred directly in support of expenditUTe on the objects of the charity and include project management carried out at Flcadquarters. Where 8uppor¢ cosL8 ¢annot be d5rectly altributed to particular headings they have beell allocated to Cost of raising fvndA and expenditure on charitable activities on a basis consistentwith use of the rcsource8. Premisey overhead5 have been allocated on an actual co8ly basig and other overheads have been allocatcd on an cquitablc basis. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating inforn)ation in support of the chariiable activities. Th¢ analysis of thes¢ ¢osts is included in note 10. O Intangible A&sets- Goodwill & Other There were no Intangible assets held by the Clwity (2021-£Nil). -li-
BRU)GNORTH COMMUNITY TRANSPORT GROUP istered Chari Number: 11421128 NOTES TO THE FINANCIAL STATEMENTS- Ended 31st Mareh 21122 TAnglble Fixed Assets Tangible f]xed assets ar¢ stated at ¢ost (or d¢¢m¢d cost) or valuation less accumulated d¢pre¢iation and accumul8t¢d impairnient loss¢g. Cost includes co$1$ directly attributable to making the asset cap&bl¢ of operating as ini¢nd¢d. Depr¢¢iation is provid¢d on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value. of each 48S¢t on a systematic basis over its expected u8efvl life as follows.. Office Equipment 33.30/0 Straight Line MotrTrr V¢hicles 25'/o R¢du¢illg Ba]ance h) Heritage Assets There were no heritage assets held by the charity (2021-£Nil). InvestmeDt Propertlej There were no Investment properties held by the charity (2021-£Nil). J) Inv¢stments There were no Inv¢stments held by ihe eharity (2021-£Nil). k) Stocks Th¢re werc no $lo¢ks held by th¢ charity12021-£Nil). l) Deb¢on & Credltors retelvablelp4yable wlthln one year Debtors and creditors with no 8tated interest rat¢ and receivable or payable wi¢hin one year ore recorded at tranmction price. Any losses arising from impairni¢nt are recognised in expenditure. m} LoAns & Borrowlngs The charity did not have any loans or borrowings in the year (2021-£Nil). n) CoDee$51onary tA>an8 The charity did not have any concessionary102ns in the year (2021-£Nil). o) Derlvatlves Th¢ Charity did not have any derivativ¢8 in th¢ year (2021-£Nil). p} Impairment Ass¢ts not measur¢d at fair value are rev1¢W for any indic&tion that the assets may be impaired at each balance sh¢et date. If such indication exists. the r¢coverable amount of th¢ assct, or the asset's cash gcnerating unit, is estimated and compared to the canying amount. Where the carrying amount exceeds its recoverable amount, an impaArnJent loss is recognised in protit or loss unless the asset is caled at a revalu¢d amount where the impajrnient loss is a r¢valuation decreas¢. -12-
BRIDGNORTH COMMUNITY TRANSPORT GROUP Stertd Chari Nllmber: 1142028 NOTES TO THE FINANCIAL STATEMETr4TS- CTrntinued Ye#r Ended 3151 MaT¢h 2022 q) Provisions Provisions ar¢ recognised when the charity has an obligation at the balance 8hcet date as a Tesult of a past event, it is probable that an outflow of economic benefits will b¢ r¢quired in settlement and the amount can be reliably estiTnat¢d. r) Lea8es Therc were no leases. 8) Foreign eurreney There were no foreign Currency transactions within the year. t) Employee beneflts Th¢r¢ were no known employee benefils within the year. u) T*x The ¢harity is an exempt charity within the meaning of Schedul¢ 3 of the Charities A¢t 2011 and 18 ¢onsidcTed to pass the I¢t5 S¢t out in Paragraph I Sch¢dul¢ 6 Finance Act 2010 and therefore it meets the dcfinition of a charitsble company for UK ¢on)oration tsx purposes. v) Golng concern The financial staiements have be¢n prcpY4red on a going basis as the trustees believe that no material un¢ertainlies exist. The truglees have considered the level of fLmds h¢ld and the cxp¢¢l¢d level of income and expenditure for 12 months from authorising these financial statements. The budgctcd income and expenditure is sufficient with the level of reserves for the charity to be able to continue as going concern. w} Judgements and key sources DfeJtlmgtioD un¢ertalDty There weTe none in the year (2021-£Nil). -13-
BRIDGNORTH COMMUNITY TRANSPORT GROUP istered Chari Number: I 2028 ES TO THE FINANCLIL STATLM£NT Yr Ended 1st March 2022 llleotne from donatfions and le acies 2022 2021 Gifts Donation5 and Le1¢$ Grants Donated Services Donated goods for distrubution to beneficiaries Other 1,711 33.312 20.720 2,073 35.023 22,793 Income from donotions and legaeies was £34.979 (2021-£22.793) of which £Nil (202I-£Nil) was attributable to endowm¢nt$. £Nil (2021-£Nil) was attiibutable to restricted and £34.979 (2021-£22,793) was attributable to unrestricted funds. £33.26812021-£20,720) of govemment grallts were received. 3. In om from h rlta There wer¢ no income from ¢harilable activiti¢s in the year (2021-£Nil). me from th r tradln etlvld 2022 20 Fund Raising Ev¢nt$ Far¢8 & Hire Chur%¢8 Other 7,112 3.582 393 19.243 10,694 19,635 Jncome from othcr trading activiti¢s was £10,694 (2021-£19,865) of which £Nil {2021-£Nil} was attributable to enduwments, £Nil (2021-£Nil) was attribu¢uble to restricted and £10.694 (2021-£19,6351 was allributable to unrc51ricted funds. Income from Inv stmen 2021 Divid¢nd8- equities Interest- fixcd intereqt securities Interest- deposlts Interest- concessionary loans receivable Rental in¢om¢ Other Income from investments was £3(2021-£7) of which £Nil {2021-£Nil) was attributsble to endowments, £Nil (2021-£Nil) was attributable to striCted and £3 (2021-£7) was attributable to unrestricted funds. -1
BRIDGNORTH COMMUNITY TRANSPORT CROUP istered Chari umber: 1142028 OTES TO THE FINANCIAL STATEMENTS Year Ended 31st Mareh 2022 Other income There were no other income in the year (2021-£Nil). rmanent endowment Invested on return basls There werc none in the year (2021-£Nil). & Inv ent man emen¢ e st8 There wcre no investment management coyt$. An#1 sls of ex enditure on eh4r tabl aetlvltles tiyit Crant und¥rt#k¢D Su L4lv re¢ Total Running a Community transport 8ervi¢e 11,302 32.498 43,800 11,302 32.498 43.800 £Nil (2021-£Nil) of the above costs were attributsble to endowment fimdA, £Nil {2021-£Nil) of the abov¢ costs werc attribul&ble to restricl¢d fundy. £43.800 (2021-£39.469) of the above costs w¢r¢ ttributable to unrestricted funds. 10. Alloe4tlon rt cos Runnln munl Y4n serv Total Govcrnance Depreciation Office Costs Other 18,065 9,600 4,703 130 18.065 9,600 4,703 130 32,498 32,498 (S¢¢ note 9 under 5UPPOrt costs.) -15-
BRIDGNORTH COMMUNITY TRANSPORT GROUP istcred Cbari Number: 1142028 NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st March 2022 vernAllce costs 2022 2021 Tntee remun¢ration Trnstee expenses Consultancy Indcpcnd¢Dt examiners r¢muneration (including expcnscs and benefits in kind Legal fees Support costs Other 830 17.220 16.501 18,065 17,331 Isee note 10 under governance costs.) 12. Anal sls of There werc no grants made lo institutions or individuals. 13. et Income for the ear Net income 15 Statsd after charging.. 2022 2021 Depreciation of tangible fixed assets (Gain)110ss on sale of tangtble fixed assets Opernting l¢ase rentals 9,600 6.406 14. Inde t exam emu eratl The independent examinerg remuneration amounts ¢0 an independent examination fee of £845 (2021- £830}. 15. Trustees, and ke mana ement ersonnel remuner*tloD and ei ense$ The tru5tces neither rw¢ived nor waived any rcmuneration during th¢ year {2021-£Nil). There were no employee benefits withxn the year {2021-£Nil). The ffi)stees did not have expenses reimbursed during the year (2021-£Nil). -16-
BRTDGNORTH cOTrIy TRANSPORT GROiJP Re istered Chari Number: 1142028 NOTES TO THE FtNANCIAL STATEMENTS Y¢4r Ended 31st LArth 2022 16. Staff ¢osts and em ee benefits The average rnonthly number of employees and 11 tirn¢ equivalent (FTE) during the year was as follows.. 2022 Numb 2022 2021 Number 2021 FrE Raising Funds Charitsble Activities Governance The total staff costs and employees benefits were as follows.. 22 2D21 Wages and Sal&ries So¢ial Security Defined Contribution Pension Costs Defined Benefit Pension Operating Costs Other Employ¢e Benefits Payroll Fees 16.627 161 432 28 17,220 16,iO There were no redundan¢y payments and no stsff ¢osts and employee benefits paid by related paty. 17. Interest There was no mterest payable within the year (2021.£Nil) 18. Dtan ibl¢ fix *sse There were no intangible fixed assets. -17-
BRIDCNORTH COMMUNITY TRANSPORT GROUP tered Ch>ri umber: 1142028 NOTES'fo THE FINANCIAL STATLMENTS Year Ended 31st Marc 2022 19. ible fixed a&8ety Fixtur Buse & Fitti Cost or valuation- At 1st April 2021 Additions Disposals Revaluation 105.489 19,185 1.069 106,558 19.185 At 3 1st March 2022 124,674 1,069 125,743 Depwiation.. At I st April 2020 Charge for the year Impairnient Revaluation Eliminated ort disposals Ai 31 gt March 2022 86,271 9.600 .1.069 87,340 9,600 95,871 1,069 96,940 Nei book value.. Ai 31st March 2022 28,1103 28,803 At 31st March 2021 19,218 19.218 Th¢re were no land and buildings held. There were no borrowing costs within the yeaT. There were no ass¢ts held under finance l¢as¢s Tangible fixed assets with a net book value of £28,803 {2021-£19,218) hav¢ not ken pledged as security for liabilities of the charity. 20. Herita e assets There were no heritage assets. 21. Fixed as et investments Th¢re w¢r¢ no red asset investments. 22. Stoc Th¢r¢ were no stocks.
BRIDGNORTH COMMUNITY TRANSPORT GROUP ' tered Ch#ri Number: 114202 NOTES TO THE FINANCIAL sTATEIErs Year Ended 31st March 2022 23. D btors 2022 2021 Trth d¢bt(>rs Other 685 3,807 24. Current asset Inves¢Jllents There were no current asset investments. 25. r¢dltor8' amDunt5 fallin dwe Ivlthln one ear 2021 Trade Creditors Other Tax and Social Security Other Creditors Accruals and Deferred Jncome 407 96 845 830 941 2,249 26. rtdlti am unts fallln due af ear Ther¢ were no creditors falling due gfter more than one year. There wer¢ no finance leuses. There were no operating l¢as¢s. 28. Conce8$10 loAn8 re£elvable/ Able There were no conce85ionary loans. 29. Deferred in¢oEne There were no deferr¢d in¢om¢. 30. Accrued fundln commitments Th¢r¢ were no accrued funding comrnitmenls. 31. Provision$ for Ilabllltles There were no provisions for liabilities othcr than in creditors. -19-
BIUDGNORTH COMMiJNrrY TRANSPORT GROUP e istered Chari umber: 11421128 NOTES TO THE FINANCIAL STATEMEIYT Year Ended 31$t March 21122 32. Contln ent liabilitlesl As$ets There were no contingent liabilities/ assets. 33. Fund reeolleilistion Unrestricted funds BAlanee At Start Galnsl 105ses Balance at end date Income enditure Transfer$ Restricted Unr¢8tricted 62,899 45.720 (43,800) 1,920 64,820 62.899 45,720 (43.800) 1,920 64,820 34. A 41 $15 of net A be¢ween f trl nated Restrl t funds nduwment Total Fixed Aysets Cash and ¢urrent investsnents Othcr current uy4el$ O¢hcr cuTrcnl liabilitics 28,803 36,958 28,803 36,958 (941) (941) 64,820 64,820 35. t incomel ex en re to ne¢ cash fl w fr er4tlll A¢tlvltl There was nothing to report at this level of turnover. 36. P nsan th t-rctlrem There were no pensions and other post-rets'rement benefits. 37. Flnanclal commitment There were no financial cosnmitm¢nts. 3& t5 terthee the eriod There were no events after the end of the period. 39. Off-balance sheet arran ements There were no off-balance sheet arrangem¢nts. 40. Related transaetlotts There are no related paty transactions during the period (2021-£Nil). -21
BRIDGNORTH COMMUNITY T POR Re istered Chari Number: 1142028 OTES TO THE FINANCIAL STATEMENTS Year Ended 31st March 2022 CYROUP 41. Financial in5trnments There w¢r¢ Do fman¢ial instruments. 42. Flrst-time ado tioD of SORP FRS 102 The Charity adOpd th¢ SORP (FRS 102) for the fir$t time in the year ended 31st Mch 2016. There were no changes as a result. -21-