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2025-03-31-accounts

BRIDGNORTH COMMUNITY TRANSPORT GROUP (A Company Limited by Guarantee)

Company No 7562490 Registered Charity Number: 1142028

Financial Statements Year Ended 31st March 2025

Silver & Co

Accountants, Taxation & Business Advisors

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028)

CONTENTS

Page
Report of the Directors 1-5
Report of the Reporting Accountants 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-21

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028)

Year Ended 31st March 2025

DIRECTORS - EXECUTIVE Christian Lea - Chairman COMMITTEE Brian Jones - Vice Chair Margaret Lomas - Treasurer Peter Meehan - Secretary S J Brady Mary Thomas Jan Peter Chojnacki appointed 27/11/24 Valarie Hayward appointed 27/11/24

SECRETARY None REGISTERED OFFICE 16, St. Johns Street Bridgnorth Shropshire WV15 6AG REPORTING ACCOUNTANTS Silver & Co Accountants The Hollies 16, St. Johns Street Bridgnorth Shropshire WV15 6AG SOLICITORS None BANKERS Lloyds Bank Plc 8 High Street Bridgnorth Shropshire WV16 4DN

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028)

Year Ended 31st March 2025

DIRECTORS ANNUAL REPORT

The Directors present their report and the independently examined financial statements of the charity for the year ended 31st March 2025. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" revised 2019 in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.

Bridgnorth Community Transport Group is a charitable company incorporated in 2011, limited by guarantee, registered charity number 1142028, registered company number 7562490. The charity is governed by its own memorandum and articles of association.

Directors

The Directors who held office during the year are listed on the schedule of Directors.

Principal Activities

The charity continued to provide a community passenger service within Bridgnorth, Cleobury Mortimer and their surrounding villages.

Public Benefit Statement

There are three main aspects to our work:-

1) We use our own wheelchair accessible minibuses to provide regular minibus services into Bridgnorth town from areas that are not adequately served by existing public transport. Current services comprise weekly services from Claverley, Cleobury Mortimer, Burwarton and Hampton Loade to Bridgnorth and a monthly service from Alveley to Bridgnorth. Users of these services need to become members of the Group (the annual membership fee is currently £10), and pay a fare for each journey, except that holders of Bus Cards can travel free, the cost of their fares being reimbursed by Shropshire Council.

2) We also make our minibuses available to local voluntary groups for transporting their own members. Groups can provide their own (trained) driver or we can provide one of our volunteer drivers if required. Group membership costs £25 and we make a modest mileage charge to cover our operating costs.

3) We coordinate the Bridgnorth Voluntary Car Scheme, whose volunteer drivers use their own cars to provide transport for people who don't have reasonable access to a car or public transport for essential journeys such as medical appointments. Customers pay a small mileage charge , which goes towards the expenses incurred by the drivers in providing and operating their cars and Shropshire Council makes a contribution towards these costs too. The scheme is wholly voluntary and is believed to be one of the oldest and largest schemes of it's kind in the country .

As a charity, we need to ensure that our activities are undertaken for the public benefit and in developing them we have had regard to the guidance on public benefit issued by the Charity Commission.

-1-

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028)

Year Ended 31st March 2025

DIRECTORS ANNUAL REPORT - Continued

Achievements and Performance .

Passenger numbers continue to slowly recover after the end of the coronavirus pandemic.

As at 31 March 2025 the Group had 82 paid-up individual members and 77 group members, compared with 80 individual members and 41 groups on 31 March 2024 and 66 individual members and 30 groups on 31 March 2023 and 68 individual menbers and 19 groups on 31 March 2022. Membership fees are waived for wheelchair-bound minibus passengers and their carers and that the Group’s volunteers be invited to become members without being charged a fee. Users of the voluntary car scheme are not required to become members, although regular users of the scheme are encouraged to become members.

Financial Review

As at 31 March 2025 our assets comprised cash at the bank, a 13 seat minibus (acquired in February 2017 and financed from the Government’s Community Transport Minibus Fund), a second-hand 17 seat minibus (purchased in November 2021), a 17-seat secondhand minibus (purchased in May 2023), and items of office equipment.

The maintenance of our minibuses, including regular safety checks, is undertaken by Arch Motor Services and fuel cards (for the purchase of diesel fuel) are provided by UK Fuels. On 22 February 2023 the 13-seat minibus was stolen and later found abandoned in a damaged condition. It was repaired at a cost of over £6,000 covered by our insurers following a protracted delay, since then there have been ongoing issues with the vehicle which means it is still not fully usable.

We rent our office at 16 St Johns Street, Bridgnorth and employ the organisation’s Operational Manager and Office Administrator. (Both work part-time and share the office responsibilities.)

Despite the pandemic, our finances remained in a healthy state due to generous support from Shropshire Council and HM Government (see below).

-2-

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028)

Year Ended 31st March 2025

DIRECTORS ANNUAL REPORT - Continued

Main Funding Sources

Our main sources of funding are normally an annual grant from Shropshire Council, membership fees, fares charged to passengers on our regular services, reimbursement by the Council of fares foregone through accepting Bus Cards, subsidies from the Council towards the cost of operating lossmaking regular services, fuel duty rebates (Bus Service Operator’s Grant), hire charges from member organisations and a contribution from Shropshire Council towards the cost of coordinating the Voluntary Car Scheme.

Following the pandemic, as well as continuing to provide their usual grant aid, Shropshire Council managed to secure ‘supplier relief’ funding for us. The Government also continued to pay us Bus Service Operator’s Grant at a comparable level to previous years.

In recent years the Group has also benefitted from grants from the Co-operative Local Community Fund.

Restricted Funds

The Group does not operate any restricted funds.

Reserves Policy

The Group does not have a Reserves Policy.

Structure, Governance and Management

We are a charitable company limited by guarantee, incorporated on 14 March 2011 and registered as a charity on 23 May 2011. Our articles of Association set out our objectives and powers and how we are governed. In the event of the company being wound up, members may be required to contribute an amount not exceeding £1.

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Executive Committee. Executive Committee 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, but it may in addition co-opt up to two other persons, who do not have to be members of the company, to serve as full voting members of the Committee.

Members of the Executive Committee during the period covered by this report are listed on the charity information page at the beginning of these accounts. The following additional persons have attended meetings as observers, with no voting rights: The Operational Manager (Myfanwy Brady) and the Operational Administrator (Joshua Malcolm).

The Executive Committee normally meets every three months. These meetings returned to facetoface at the end of the Covid Pandemic. All members of the Committee give their time voluntarily and receive no benefits from the charity.

The Operational Manager and Office Administrator are responsible for the day to day operational management of the organisation, and they report to, and are guided in their work by, an Operational Sub-Committee appointed by the Executive Committee. The Operational Sub-Committee meets monthly and during the period covered by this report comprised Christiam Lea (Chairman), Brian Jones (Vice Chair), Peter Meehan (Secretary), Margaret Lomas (Treasurer).

-3-

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028)

Year Ended 31st March 2025

DIRECTORS ANNUAL REPORT - Continued

Funds held as Custodian Trustee on behalf of others

There were no custodian funds held on behalf of third parties (2024 - £Nil)

Permanent Endowment Invested on a Total Return Basis

There were no endowment funds invested (2024 - £Nil).

Third Party Indemnity Provisions

There were no provisions for 3rd party indemnity (2024 - £Nil).

Financial Instruments

With the exception of normal trading income and expenses there are no financial instruments.

Research and Development

The charity does not undertake any recognised research and development.

Director's Responsibilities

The Directors by company law are responsible for the preparation of the financial statements which give a true and fair view of the state of affairs of the charity. In preparing the financial statements, the directors are required to:

The directors 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. They 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.

The directors are also responsible to ensure all directors are up to date with legislation and to ensure the internal control systems are designed to meet the Charity's particular needs and the risks to which it is exposed, to manage those risks and to provide reasonable assurance against misstatement or loss.

Small Company Exemption

The directors have taken advantage of the exemptions conferred by Part 1 of schedule 477 of the Companies Act 2006 and have done so on the grounds that in their opinion, the company is entitled to those exemptions as a small company.

-4-

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028)

Year Ended 31st March 2025

DIRECTORS ANNUAL REPORT - Continued

Disclosure of Information to the Examiners

We, the directors/ trustees of the charity who held office at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that:

In approving the Directors' Annual Report, we also approve the Strategic Report included therein, in our capacity as company directors.

On behalf of the board

Christian Lea

Director and Chairman

Date

-5-

Accountancy Report to the Members on the Unaudited Accounts of BRIDGNORTH COMMUNITY TRANSPORT GROUP

We report on the accounts of the 'Bridgnorth Community Transport Group' for the year ended 31st March 2025 which are set out on pages 7 to 21.

Respective responsibilities of the directors and reporting accountants

The directors by company law are responsible for the preparation of the accounts. The directors consider that an audit is not required under section 144(2) of the Charities Act 2011 and that an independent examination is needed.

Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:

Basis of the examiners report

Our examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting of the accounting records kept by the charity and the comparison of the accounts presented with those records. It is 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 undertaken 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 examiners opinion

In connection with our examination, no matter has come to our attention:

  1. which gives us reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 386 of the Companies Act 2006; and

  3. • to prepare accounts which 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 Statement of Recommended Practise: Accounting and Reporting by Charities.

have not been met; or

  1. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Silver & Co Reporting Accountants Accountants, Taxation & Business Advisors

Date

The Hollies 16, St Johns Street Bridgnorth Shropshire WV15 6AG

-6-

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028) STATEMENT OF FINANCIAL ACTIVITIES

Year Ended 31st March 2025

Income from:
Fares & Hire Charges
Grants, Donations & Other Refunds
Membership Fees
Fund Raising Events
Bank Interest
Other (Covid Support 2021-22)
Profit / (Loss) on Sale of Vehicle
Total Income
Expenditure on:
Vehicle Expenses
Drivers' Expenses
Professional Fees
Accountancy Fees
Rent & Rates
Lighting & Heating
Telephone
Stationery
Insurance
Advertising
Staff Costs
Training Expenses
Repairs
Miscellaneous Expenses
Depreciation
Charges
Total Expenditure
Net Income / (Expenditure)
Fund Balances brought forward
Funds Transfer
Fund Balances carried forward		 Note
4
2
4
4
5
4
4
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
33
33		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Un-
restricted
Funds
£
10,086
46,130
1,446
-
115
-
-
57,777
17,117
896
-
1,110
1,800
463
996
293
789
-
23,215
-
379
1,295
8,918
1
57,272
505
44,851
-
45,356
2025		 Total
£
10,086
46,130
1,446
-
115
-
-
57,777
17,117
896
-
1,110
1,800
463
996
293
789
-
23,215
-
379
1,295
8,918
1
57,272
505

44,851
-
45,356		 2024
Total
£
8,768
33,577
900
-
173
-
(608)
42,809
15,664
518
-
948
1,800
377
837
246
761
346
27,397
-
648
1,181
11,435
-
62,159
(19,350)
64,201
-
44,851

All income and expenditure derive from continuing activities.

-7-

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028) BALANCE SHEET

Year Ended 31st March 2025

FIXED ASSETS
CURRENT ASSSETS
Debtors
Cash at Bank and in hand
CREDITORS:
Creditors
NET ASSETS
TOTAL ASSETS
REPRESENTED BY:
General Funds
Restricted Funds		 Note
19
23
25
33
33		 2025
Total
£
26,414
635
19,417
20,052
1,110
45,356
45,356
-
45,356		 2024
Total
£
34,304
715
10,780
11,495
948
44,851
44,851
-
44,851

The financial statements were approved and authorised for issue by the Board on…………..2025

Signed on behalf of the board of directors

Christian Lea

Date ………………………………….

The notes on pages 9 to 21 form part of these financial statements. Company registration number: 7562490

-8-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS

Year Ended 31st March 2025

1. Summary of significant accounting policies

(a) General information and basis of preparation

Bridgnorth Community Transport Group is a charitable limited company in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.The address of the registered office is given in the charity information at the beginning of these financial statements. The nature of the charity's operations and principal activities are to provide a community passenger service within Bridgnorth, Cleobury Mortimer and their surrounding villages.

The charity constitutes a public benefit entity as defined by FRS 102. 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 Reportin Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the hisorical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the funtional currency of the charity and rounded to the nearest pound (£).

The significant accounting polocies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The charity adopted SORP (FRS 102) in the current year and an explanation of how transition to SORP (FRS 102) has affected the reported financial position and performance is given in note 42.

(b) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the

(c) Income Recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

-9-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS - Continued

Year Ended 31st March 2025

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure.

Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is practicable upon receipt it is recognised in stock and ‘Income from other trading activities’. Upon sale, the value of the stock is charged against ‘Income from other trading activities’ and the proceeds are recognised as ‘Income from other trading activities’. Where it is impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within ‘Income from other trading activities’.

Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from the government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

The Charity did not hold any investment income in the year (2024 - £Nil). Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included

-10-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS - Continued

Year Ended 31st March 2025

when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Other income includes the conversion of endowment funds into income which arises when capital funds are released to an income fund from expendable endowments or when a charity has authority to adopt a total return approach to its permanent endowment fund. It also includes other income such as gains on disposals of tangible fixed assets.

(d) Expenditure Recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

(e) Support Costs Allocation

Support costs are those that assist the work of the charity under management and administration under the statement of financial activities but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on an actual costs basis and other overheads have been allocated on an equitable basis.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

The analysis of these costs is included in note 10.

(f) Intangible Assets - Goodwill & Other

There were no Intangible assets held by the charity (2024 - £Nil).

-11-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028)

NOTES TO THE FINANCIAL STATEMENTS - Continued Year Ended 31st March 2025

(g) Tangible Fixed Assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Office Equipment - 33.3% Straight Line Motor Vehicles - 25% Reducing Balance

(h) Heritage Assets

There were no heritage assets held by the charity (2024 - £Nil).

(i) Investment Properties

There were no Investment properties held by the charity (2024 - £Nil).

(j) Investments

There were no Investments held by the charity (2024 - £Nil).

(k) Stocks

There were no stocks held by the charity (2024 - £Nil).

(l) Debtors & Creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

(m) Loans & Borrowings

The charity did not have any loans or borrowings in the year (2024 - £Nil).

(n) Concessionary Loans

The charity did not have any concessionary loans in the year (2024 - £Nil).

(o) Derivatives

The charity did not have any derivatives in the year (2024 - £Nil).

(p) Impairment

Assets not measured at fair value are reviewed for any indication that the assets may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

-12-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS - Continued Year Ended 31st March 2025

(q) Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

(r) Leases

There were no leases.

(s) Foreign currency

There were no foreign currency transactions within the year.

(t) Employee benefits

There were no known employee benefits within the year.

(u) Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

(v) Going concern

The financial statements have been prepared on a going basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

(w) Judgements and key sources of estimation uncertainty

There were none in the year (2024 - £Nil).

-13-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS

Year Ended 31st March 2025

Income from donations and legacies
Gifts
Donations and Legacies
Grants
Donated Services
Donated goods for distrubution to beneficiaries
Other		 2025
£
-
801
45,329
-
-
-
46,130		 2024
£
-
494
33,083
-
-
-
33,577

2. Income from donations and legacies

Income from donations and legacies was £46,130 (2024 - £33,577) of which £Nil (2024 - £Nil) was attributable to endowments, £Nil (2024 - £Nil) was attributable to restricted and £46,130 (2024 - £33,577) was attributable to unrestricted funds.

£45,329 (2024 - £33,083) of government grants were received.

3. Income from charitable activities

There were no income from charitable activities in the year (2024 - £Nil).

Income from other trading activities
Fund Raising Events
Fares & Hire Charges
Other		 2025
£
-
10,086
1,446
11,532		 2024
£
-
8,768
292
9,059

4. Income from other trading activities

Income from other trading activities was £11,532 (2024 - £9,059) of which £Nil (2024 - £Nil) was attributable to endowments, £Nil (2024 - £Nil) was attributable to restricted and £11,532 (2024 - £9,059) was attributable to unrestricted funds.

Income from investments
Dividends - equities
Interest - fixed interest securities
Interest - deposits
Interest - concessionary loans receivable
Rental income
Other		 2025
£
-
-
115
-
-
-
115		 2024
£
-
-
173
-
-
-
173

5. Income from investments

Income from investments was £115 (2024 - £173) of which £Nil (2024 - £Nil) was attributable to endowments, £Nil (2024 - £Nil) was attributable to restricted and £115 (2024 - £173) was attributable to unrestricted funds.

-14-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st March 2025

6. Other income

There were no other income in the year (2024 - £Nil).

7. Permanent endowment invested on a total return basis

There were none in the year (2024 - £Nil).

8. Investment management costs

There were no investment management costs.

9. Analysis of expenditure on charitable activities

Analysis of expenditure on charitable activities
Running a community transport service Activities
undertaken
directly
£
-
-		 Grant
funding of
activities
£
18,013
18,013		 Support
Costs
£
39,259
39,259		 Total
£
57,272
57,272

£Nil (2024 - £Nil) of the above costs were attributable to endowment funds. £Nil (2024 - £Nil) of the above costs were attributable to restricted funds. £57,272 (2024 - £62,159) of the above costs were attributable to unrestricted funds.

10. Allocation of support costs

Governance
Depreciation
Office Costs
Other		 Running a
community
transport
service
£
24,325
8,918
4,342
1,674
39,259		 Total
£
24,325
8,918
4,342
1,674
39,259

(See note 9 under support costs.)

-15-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS

Year Ended 31st March 2025

Governance costs
Trustee remuneration
Trustee expenses
Consultancy
Independent examiners remuneration (including
expenses and benefits in kind
Legal fees
Support costs
Other		 2025
£
-
-
-
1,110
-
23,215
-
24,325		 2024
£
-
-
-
948
-
27,397
-
28,345

11. Governance costs

(See note 10 under governance costs.)

12. Analysis of grants

There were no grants made to institutions or individuals.

13. Net income for the year

Net income is stated after charging:

Depreciation of tangible fixed assets
(Gain)/loss on sale of tangible fixed assets
Operating lease rentals		 2025
£
8,918
-
-		 2024
£
11,435
608
-

14. Independent examiners remuneration

The independent examiners remuneration amounts to an independent examination fee of £1,110 (2024 - £948).

15. Trustees' and key management personnel remuneration and expenses

The trustees neither received nor waived any remuneration during the year (2024 - £Nil).

There were no employee benefits within the year (2024 - £Nil).

The trustees did not have any expenses reimbursed during the year (2024 - £Nil).

-16-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS

Year Ended 31st March 2025

16. Staff costs and employee benefits

The average monthly number of employees and full time equivalent (FTE) during the year was as follows:

Raising Funds
Charitable Activities
Governance		 2025
Number
-
-
2
2		 2025
FTE
-
-
1
1		 2024
Number
-
-
2
2		 2024
FTE
-
-
1
1
The total staff costs and employees benefits were as follows:
Wages and Salaries
Social Security
Defined Contribution Pension Costs
Defined Benefit Pension Operating Costs
Other Employee Benefits
Payroll Fees		 2025
£
23,065
-
-
-
-
150
23,215		 2024
£
27,116
-
-
-
-
281
27,397

There were no redundancy payments and no staff costs and employee benefits paid by related party.

17. Interest payable and similar charges

There was no interest payable within the year (2024 - £Nil)

18. Intangible fixed assets

There were no intangible fixed assets.

-17-

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS

Year Ended 31st March 2025

**19. ** Tangible fixed assets
Cost or valuation:
At 1st April 2024
Additions
Disposals
Revaluation
At 31st March 2025
Depreciation:
At 1st April 2024
Charge for the year
Impairment
Revaluation
Eliminated on disposals
At 31st March 2025
Net book value:
At 31st March 2025
At 31st March 2024		 Mini
Buses
£
145,128
-
-
-
145,128
110,824
8,576
-
-
-
119,400
25,728
34,304		 Office
Equipment
£
1,069
1,028
-
-
2,097
1,069
342
-
-
-
1,411
686
-		 Fixtures
& Fittings
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
£
146,197
1,028
-
-
147,225
111,893
8,918
-
-
-
120,811
26,414
34,304

There were no land and buildings held.

There were no borrowing costs within the year.

There were no assets held under finance leases

Tangible fixed assets with a net book value of £26,414 (2024 - £34,304) have not been pledged as security for liabilities of the charity.

20. Heritage assets

There were no heritage assets.

21. Fixed asset investments

There were no fixed asset investments.

22. Stocks

There were no stocks.

-18-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS

Year Ended 31st March 2025

Debtors
Trade debtors
Other		 2025
£
-
635
635		 2024
£
-
715
715

23. Debtors

24. Current asset investments

There were no current asset investments.

25. Creditors: amounts falling due within one year

Trade Creditors
Other Tax and Social Security
Other Creditors
Accruals and Deferred Income		 2025
£
-
-
-
1,110
1,110		 2024
£
-
-
-
948
948

26. Creditors: amounts falling due after more than one year

There were no creditors falling due after more than one year.

27. Leases

There were no finance leases.

There were no operating leases.

28. Concessionary loans receivable/ payable

There were no concessionary loans.

29. Deferred income

There were no deferred income.

30. Accrued funding commitments

There were no accrued funding commitments.

31. Provisions for liabilities

There were no provisions for liabilities other than in creditors.

-19-

BRIDGNORTH COMMUNITY TRANSPORT GROUP Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS

Year Ended 31st March 2025

32. Contingent liabilities/ assets

There were no contingent liabilities/ assets.

33. Fund reconciliation

Unrestricted funds
Restricted
Unrestricted
Analysis of net assets between		 Balance at
Start
£
-
44,851
44,851
funds		 Income
£
-
57,777
57,777
Unrestricted		 Income
£
-
57,777
57,777
Unrestricted		 Income
£
-
57,777
57,777
Unrestricted		 Expenditure
£
-
(57,272)
(57,272)
Designated
funds
£
-
-
-
-
-		 Expenditure
£
-
(57,272)
(57,272)
Designated
funds
£
-
-
-
-
-		 Transfers
£
-
-
-
Restricted
funds
£
-
-
-
-
-		 Gains/
(losses)
£
-
505
505
Endowment
funds
£
-
-
-
-
-		 Balance at
end date
£
-
45,356
45,356
Total
£
26,414
19,417
635
(1,110)
45,356		 Balance at
end date
£
-
45,356
45,356
Total
£
26,414
19,417
635
(1,110)
45,356
end date
£
-
45,356
45,356
Total
£
26,414
19,417
635
(1,110)
45,356

Fixed Assets
Cash and current investments
Other current assets
Other current liabilities
funds
£
26,414
19,417
635
(1,110)
45,356

34. Analysis of net assets between funds

35. Reconciliation of net income/(expenditure) to net cash flow from operating activities

There was nothing to report at this level of turnover.

36. Pensions and other post-retirement benefits

There were no pensions and other post-retirement benefits.

37. Financial commitments

There were no financial commitments.

38. Events after the end of the period

There were no events after the end of the period.

39. Off-balance sheet arrangements

There were no off-balance sheet arrangements.

40. Related party transactions

There are no related party transactions during the period (2024 - £Nil).

-20-

BRIDGNORTH COMMUNITY TRANSPORT GROUP

Registered Charity (Number: 1142028) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st March 2025

41. Financial instruments

There were no financial instruments.

42. First-time adoption of SORP (FRS 102)

The charity adopted the SORP (FRS 102) for the first time in the year ended 31st March 2016.

There were no changes as a result.

-21-