Community Transport >L' Annual Report 2023 - 2024 Easy go Community Transport (Stockport) LTD Oak House Newby Road Industrial Estate Hazel Grove Stockport SK7 5DA Telephone Number: 0161419 3580 E-mail: info@easygoct.org.uk Website: www.easygoct.org.uk Twitter: @EasyGo_CT Trustees 202312024 John Kenny Chair Dave Barratt Gan Wong Secretary Vice Chair Joanne Gonzalez Vacant Andrew Arrnstrong Staff & Volunteers 202312024 Office Staff ca￿ Schoolden General Manager Sue Smth Operations Manager Lucy Birkhead Operations Assistsnt Drivers Paul Jones lan Kennedy David Hirsl Laurence Goodwin m￿hael Neild Graham Shaw Tracy MaskeFI Joe Woo￿ard D8rren Johnston Gordon Pell David Shearman (casuall John Bolton Diano Pid(en Stephen Hennersey Henry Woodward John Ford St8ph8n Burkè an Mottershead Alan FosteT Winston Scarlett Passen er Assistant Lesley Lister Tracey Robèrts Bev Jones Linda C18yton Susan Hirsl Nigel Buxlon Alistair Hill Kery Robinson Susan Burke Mary Shearman (casual) Volunteers Gan Wong Andrew Amstrong Dave Barratt Joanne Gonzalez John Kenny Charlty r•gl•tr•tlon numb•r 1142212 Cornp•ny r•glJtratlon numb•r 03286301 (England and Wal••) EASY￿0 CT (STOCKPORT) LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 EASY-GO CT (STOCKPORT) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trufjt•¢s GM￿9 D Barrett J F Konny Ichairmanl J Gonzalez Charlty n￿nher 1142212 Company number 03285361 R•gl¥t•r•d offl¢• Oak H¢)u Newby Road Induslrfal Estate Hazel Grove Stockport Cheshlre Unlted ￿"ngl¢yn SK7 5DA Ind•p•nd•nt •xamln•r Azets Audit Services Alpha House 4 Greek Sl Slockpcft Cheshlr• Unlled SK3 8AB EASY-GO CT (STOCKPORT) LIMITED CONTENTS Pago Ch8lman'8 report Summaryfor thè year TW$t￿8. re Ind•p•ndent examinerf$ T•port Statem￿1 of flnancial ath'vities ance •he•t 10 Nc*88 to th• 8c£ounts 11-22 EASY-GO CT {STOCKPORT) LIMITED CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Ea$y Go Communty Transport IEGCT) continue$ to PrO￿de community Iran5POrt serVi￿S through)ut ts borough of Stockport Bnd beyond under the most challenglng of circum8t8nces. Slnce loss of I￿r￿ing from Stockport Metroposllan Borough Council ISMBCI in 2022, our abilty to provlde any accessible indiwdual travel has been greatly reckted. wrth Mly the Adult 8nd Soual Caro transport and GroL Travel romalnin9. ThrougkJLrt 2023r24 w8 have manaJ8d to develop the Adult and Social ca￿ tranS￿rt $ervi¢e whth during the peri¢)d provoded 8420 passengerloumeys ofwhich 51 % werè made by people using o wheelchair. We ¢ontinue to provide valuable accessible transport, (under conlra¢t wth SMBCI for the mai￿lty of children wl attend Valley Sch¢)ol in Bramhall. This is an extremely i*allenging, yet very rewarding contract, vth*h is now In 11$ s8cond year, w#h on8 mor• yèar rem8ining 8fter INS. Similawly, our work transporting peoplg lo ho$pll•l wPb) requir• dialy*s o)ntinues lo develop. however the cINilraci will expire at the end of March 2025. So once again I can report that 2023124 ha$ be￿ pgrti¢ul•rly ¢haM¥nging, due to the ever-incteasing batde to fflaintsin a safe and Teliable ageing fle&t ol vèhiclès. when therè isnl $uffiaenl finance to purch•e r*pla¢emenls. The relentless costty breakdowns, requlrfng costty p8rt8 and lthur charges is bècoming un8u81&"n8bb 8nd very dtifi¢uM on staff moiale. Mechanic41 break(tr)wns have oo¢urred on a regular b8818 1-2 per week. with 81 least 1 Vehic￿ bery repaired ty our supplier ¥ach week. Due lo the high numbeT of journeys fcf pe￿e using a wheelchair, frwu•nt ropaws to tha passenger lrts are also a major financial issue. Our expenditure on the repaii and maSntenance of the fieet has be¢ome extremely challenging ovfA th¥ past 24 months Directors have been regularty Lwdatèd on the or¥JoirrfJ rise in Vehic￿ expenditur&. which in reeenl months has ￿en particularfy woTrying. The Management tearn have where possib￿ replawl Some vehlcjes lower mlleagè wlth some limited succ8SS. however sourcing vehtdes wlh low Mi￿09e which meet our opetalional uileria and at the right Pric4. Thls can be extremely chBll•roing end lime consuming. The iem3inder of the fieet Still has htgh mileage ar￿ 1$ threliable in many cas98. In an attempt to combat the ¢ontinuvJ(J breakdowns EGCT $wl over 110k+ during 2023t24. in an attonw lo'Keep Ihe wheels luming.. Un(Jer this demandlng environment is again tgStamert to Ihe hard vuk, commitment and ¢Yedication sPThvn by all the employees and volLKrteers and EGCT. The management committee has th'll been ab￿ to condurt the organisation$ busne$s by con¢Jucting Hybrid Management Committee Meetings. somé mernbers in person at Easy Go offi￿$ gt Oak House, Hazel Grove others meeting vlrtually via Teams. Tight financial Controts and mon•y for Ihe previLMIS year have am attributed to a SUTF4u$ of 50k, This however wll be absorbèd èxtrèmely quickly duè to the enomious 8nnu81 costs of vehicle repalr & maintenance. The finonci¥l strains on keeping an aglng fleet operational 52 weeks of the year is becomirvJ unsustsinable to the point where the future of the organisalion needs to be reas58s$ed. Wlh this in mind, Ihe Directors of EGCT have come lo the condu$ion that the charity VAII no longer be able to sustain the tremendous costs needgd lo k￿p Ihe vohi¢le fleet in a legally compliant, safe, and rel¥ble o)ndth'on and therefore not be ab]e to mainlain ts ¢onlr8¢tual obligations EASY￿0 CT (STOCKPORTI LIMITED CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 In summary. it Is with a very heavy hfjart. I mu51 infomi 811 Ihat Easy Go Communlty Trnn8KKIrt w511 cease trading at ènd of July 25, as It vlll no bnger be a Going c￿¢¢M. Amtsr• detailed •n#lysi$ Of th• figLtre$ can be 8•on in m8in t*)dy ol the accoLmts. Flnally. Can I thank my friends collgague$ on the Management Ccmmrttee for their ongoing help and support ond to all the employees al EGCT of th￿r exceptional dedication durinq such drfficult tiffles. Thank-you John Kenny IChaim8n} EASY￿0 CT (STOCKPORT) LIMITED CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 As aKvays th?re are rnany organls81bns and p8rtners that we nogd to thank for thelr conlnuing Support. These included.. - AzetsAccountary entr81 Man¢host¢r FoundatDn TfL*t NHS ICMFD Department for Trènsport (Drr) Communlty TIan$portAs8o￿&I1on ICTAI Transport lor Gmal•r M4nch•stsr fffG Envlron Properts"es Peninsula Pinna¢lè Engin••rfng Stockport Special Educalonol Need T1￿8￿t Iley School Br4mhall QBE Insuranco GTOUP Wright Surfj EASY-GO CT (STOCKPORT) LIMITED SUMMARY FOR THE YEAR FOR THE YEAR ENDED 31 MARCH 2024 l am pleased Its report anotMr year ol Fwviding xcessible community transport ihroughcKrt Stockport. Community Transport Icn In Grealor m￿CheSter was once a dynarnic for￿ a CT in every borough, bLrt regrettably apart from a nurnber of 8oaal caf sd)emo$, Easy Go CommLmity Transport IEGCTI is the last rsmaining CT providing a￿ltIe transm 8erviG¢s. Sinc• the wtrthdrawal oflundin9 in 21r22, EGCT has been W￿ble to provide ac(w&Je transport to individuals lexduding adult & $0ry81 carel due to th8 prohibliwè eosts. Providing xrhssitle transport us•ig an unsubsidised far8-bas8d mod81 isnt suslainabk, unless the fares are eX￿881velY high, whith woL￿d b? unalft)rdatAe for n￿)St of oui tsJ8torw ba3e Throughout the yèar EGCTh8s coIK8ntrated tts plans on provKling spe(i?l educalti?nal needs ISENI transport under conlr8d lo SMBC. The rnntrad is in tts S￿Ond year and has proved to be femarkably 8uecessful, providing transport to the Vlthole of Valley School In 8ramh¥ll uttiisin9 12 velid85 20 staff. W¥ eonlinuing to operate a renal dlalysls contr8d. vthich has, ftr 8evèr81 ye8rn been g￿en on 8 ye8r-by-yeAr basis. Adult and stiaal care Iransp)rt wnlinu•s to incr8as•, a large y0￿me of wl*ekhair passengers requiriThJ the service. Passenger number8 have remalned reascn8bty ¢on$i$lent over Ihe p&riod. even wilh the I￿8 cl the Individual tro￿1 sWvi￿. klanagement Cornmthe have meet on a reguL9r bp$i$, SUPFQrting Ihg rn0naB8￿nt team at EGCT. t¥)Iding rmibirwtion ol faee to face and virtual n*etings. whKh have had their challenges, e¥peCK31￿ the unprediclatl6 technow. Aoairtst ihis unpredictat48 bathdrop, the *n8ziJ¥J •yril shobffi from all the sthf al EGCT Con￿nUts. sh 79.198 27.249 kncorn• fund* Unrosb*t8d lun 79,198 27.249 79.198 27.249 The ¢ompany is entilied lo thè ¢xomFllon from the aud￿ rgqukemgnt contain•d wh seth.on 477 olthe Ccffipan*$ Art 20Cfj, tho yoar ended 31 March 2024. The dirB¢tors athnowledg8 thèy respon￿1￿1￿[¢S fvr rAy￿￿109 wth the req￿reme[￿ ol the Companies 20( *h r•spect to amnling r•wrds and Ih8 preparntK)n of fiTwido1 stst•M￿ls. The members havo rwjl requwed ￿ wmpany lo obtsin an audit of its finantia staleThThts thè year In qugstiDn kn a¢¢ord8nce with sec1k￿ 478. Those fjThaneial slatèmnts ho￿ be•n ￿Vred in acwrdance whh th• pr¢)￿$1)n$ epFI1￿bkn lo ¢L¥npani•s $LfbJad to thp $m8M ￿)mpAn￿É Mgim8. 17.2•2y The finaAoèI statemenls wgre aPp￿yed by the Trustq•6 on.................. ...... JFKonnyl TN$t•¢ rt91•￿tIon number 03286361 10- EASY￿0 CT {STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polkl¢s Char5ty Inform•tion Easy-Go CT IStockpJrtl Llmlled is 8 wvale cornpany limited by guarantee inc¢rporaled in England Walos. The regi$t8red offit% Is Oak House, Newby Road Industrial Estate, Hazel Grove, Sto¢kprt, Cheshlre. SK7 50A. Unlled Kingdom. 1.1 AGGountln9 conventlon accounts hove been prepared in accordance the ¢hJrity's goveming dotyjment, set out on page 4, th8 Companies Act 21lJ6 and "Ac¢ounting and Reporfing by ch￿b"e$.. Stslement of Recommend￿ Practice applicable lo charities preparirrfj their accounts In accordance with the Firtancial RepO1￿"r￿d Standard applicable in the UK and Republic of Ireland IFRS 1021. {as amended for oc¢ounling periods commencing from 1 JanLWy 20161. Th8 th8rty is a Public Benefft Entity as defined by FRS 102. The cl)arity has tsken athantag• of provisions in the SORP for chwtbes ap￿yIng FRS 102 Upaats Buifetin 1 rnl to prewe a Slatomènt of Cash FI¢yw8. The financial 6t8tsments are prepared in sterllng, ￿lch Is the functional currew of the charity. Monetsry no￿t6 In these ffinancial statéments are rounded to the nearest £. The a￿oUnts have been prepared undef the hislorkal ￿91 convenuon. The prirrdpal aC￿untIng wl¢ie8 adopted are set out bel¢)W. 1.2 Golng ¢onc•m At the tsrne of approvlng the finana81 statements, the Trust8e's have doubts th81 the charity has aflequ8le resources lo continue In operational exislerbce and have mad& the dere5ion to cease trading by 31 July 2025. The ab)ve has also b￿Tr highl*Jhted In the Chaimian'8 repcyt. 1.3 Charltable funds Unrestricted I￿￿15 are avallatde for u8e at the dlsc¥etth of th8 tr￿leeS in furtherance of their Charita￿e obie¢tives. Re8trthd fvnds are subject lo spec4fjc condKions by donors as to how they may be u8ed. The purposes and uses oflhe restricted fvnds are set out in the notes to the fin8n¢i¥l Stalemenls. End0y￿en1 fund$ aro subhect lo sptofic cond51icfis by donorB tho1 Ihe &qpllal must bè malntained by the charity. 11- EASY-GO CT (STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accoun￿￿9 policies (contin￿e￿I 1.4 In¢omlng resourc•s Income is recognised vthgn the ¢harty is ￿llY entitled to it after any perfomlnce ¢ondlb'ort have been met, the amounts can be measured re118bly, and h is prob8ble that income will be received. Cash dorlations are recogni5ed on receipt. Other don81ion5 are rocognisod once tho charity h88 been notified of the donation. unless performance conditions require deferral of the amount. Income tsx recoverable in relation to donab"on$ rec*ived under GIftAld or deeds of covenant Is recognised at the knme of the (lonation. Granl and e4)nlract tr£c4ne income 18 recognised In accordarKe vilh the t¢rm$ of those grants and contracts. Tumovgr 15 moasur8d al the fair value of the considerathon re¢8tved or r•Mivable ¥nd reprtrsents 4mounl$ re¢8iv8bl& for $8rvKe$ provid•d in the normal course of buslne8S. 1.5 R•￿iT¢0$ expendod Expendoture is recognised once thère is a legal or GonstruGtivg obligation to transfer economK benefit to a third party, il is probat￿e th81 a transfer of e¢on¢)mi¢ benths wll be required in settlement, and the amoLtnt of Ihe obligation can be measured Teliabty. Expenditure 1$ ¢la$sthed by xtivity. The costs of each activty are made up ol the total ol dir&t costs and shar&J co8t5. induding $UPk)Ort costs involved In undortaking eath activity. DSred costs attributaL4e kl o 8inglg ivity are allocated directly to that actlvty. Shared costs N¥filch contribute to more than one acb.vty an pport costs which are not attributable to a single activity a￿ apportioned b•tween those aetiwtK?s on a ba￿$ cz•nsi8lenl with the use of re$ourc8$. Central Staff Costs are 8111)Cal￿ on the basis of lime spent. and ¢Jeprecialion tt¢8rges are allocated on th8 Portion of th8 asset's use. Resources exwded are incFuded in the statement of finan¢lal acti￿treS ￿ an aGcNal$ bals. Ch8ritsble eXP￿Kliture comprises those cthl8 incufred by the charity in the delivery of its acts'vities and services for its beneficiariés. li includes both cnsts that can be allocated directly to 8u¢h ￿liVI1eS and those costs ofan indire¢t nature necessary to Support thèm. Govemanc8 costs Inc￿de those cos15 associated wlh meeting the consblulional and slalulory requirernonts of the charity and inclL¥Je the audit 188s and costs linked lo the Strategie managèment olthe Charity. All costs are albcated bets￿ the expenditufe categories in the Ststement of FinancA*l Activiligs ISOFW ¢)n a basts d8sign8d to refiect thè use of the Te8ource Costs rel81ing lo a particu5ar actmty Bre 8lloe4te(J diredly whllst others are apporttoned on an appropriate basis. 1.6 Tanglbl• flxed assets Tangible fixed 8ssets 8re initially mÈAsured at cost and subswntty measured at cost crf valuation. net of deprec4aion and any ifflpaiThnenl losses. lal Motor vehide5 a￿ staled al cost. Depre¢lati￿ is provlded gt 20% per ar*wm on a slraghl 1Sn8 basis. In der to wrtè off each osset over lis useful lrfe. Ibl Fixtu￿$. frtb.ngs and equipment ar¥ slated at ￿$1. DeprerAation is prowded at 10% per annum on a straight line basts. in orfer to write off each asset over rts useful life. Icl Computer equipment is stale£l 81 cost. Depreualion Is providgj at 33Yo per annum on a straight linè basis, In order to write off asset over its useful life. The galn or10s6 aridng on the dlsposal of an 8ssel18 determlnad BS the dwference behve8n the s818 pr￿ee¢S and the ¢arrying value of the asset, and is recognised in ihe 5tat8m¢nt of financial a¢tivilies. 12- EASY-GO CT (STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles IContlnu•dl 1.7 Impaimwnt of r￿ed assets At each reportin9 end dat8, the ¢hgrity revi&ws the rarrying arnount8 of its langible asse18 to dateTmin• whether there ts any indicatton that those assets have SLrffered Bn impairnienl loss. If any Such Thidulion exists. the recOVer8b￿ gmount of the is ostimotsd in ord9r to detemikne the extent of the imyimient I0￿[rfOnY1. 1.8 C•$h and ￿$h èqulvalgnts Cash and r2sh equivalents IndLth ¢ash tn han(J, dewit8 held at call wlth ba￿s, oth8r sho￿te￿ liojid inve51menis ortgSnal malurtb¥s of th￿e months or less. and bank overdrafts. B8nk ovwdrafts are Sh￿ within boThowin9s in current liab+litieJ. 1.9 Flnan¢lal Instrumonts Tho charity has elected to apply thg provi￿￿8 of SeL#ion 11 'Basic FirMnaal Instruments. and S•clon 12 'other Flnanc+al Instruments Issues, of FRS 102 to all of Its finanty¥l instruments. Financial instrufflerts are reCO￿￿Sed in the chority's balance shoet whon the chaty i*comes paty to th& contractual pmisions ofthe instrumant. Financial assets and liabiliiie5 are offset. with nel arnounlg prftsgnled in the ffinancial statements, when there 1$ 8 legally ènforce8ble right to set off the r8ccgnis8d amounts and there is an irten*ion to setu8 on a net b881s Lyto re81ise the asset and selle tho Ibablllty simultaneously. Bask fin•n¢l•l •ssets Basic financial assets, whth Indude debtors and cash and bank balances, initsally meawred at transaction price includlng tran8acUon costs and are subsequendy c8riied at amortrsed cost using thè effedive Interest method unle55 the arranggmgnt ¢onslilLbtss a finon¢lng transaction, where thg transaction Is measured at Ihe present value of Ihe future receipts discovnted at a martel rAte of interest. Flnancial 855ets classified a5 recewable Mthin one y&8r are not 8mortissd. Bas1¢ flnanclalllabiiifies Basic financial liabilits"88, ind￿￿[r￿j creditors and bank loans are initially re￿WISed at IT￿sactIOn price unloss the aThangement C￿$t11uteS a ffnanthng tranSaC￿n. wher8 the debt inslmment Is mèaBuf8d * Ihe present valLte of the firture payments discountgd al o m¥rk•l rate of inter•sl. Financial liabilities dassJfi¢d as payable within one year are rhx anTh)rti8ed. Debt instrumènts ar& Sub89q￿a￿￿Y carried at aMc￿.￿ed cost. using the effectiv• intw•st fate method. Trade crndbtors am obllgalion8 to pay for gc*Jds or s8rvic*$ that have t48n acquired in ordinary Course ol oporalions from 8uppllers. AM¢￿nts payable are dassffied 88 current liabilit￿ if payment is dua within on* ye?r or les$. If not. they are pr8santed 8$ n0￿cUrrent liabllities. Trade Credttcrs are reGognisefl initially 81 transaction price and $ubwu•ntty Me?sUr￿ at amortised cost using thè effec*Ne interest method, Der•cognftl¢n of Ilnancl81 Il*bMItI• Flnancial liabillues are derecogn18ed Ythen the charlty'i contractual obligallon8 explre or are disehargod or cancelled. 1.10 Employot ben•flts The ¢osl of any unused hcAiday entitl¢mgnt Is recognisod In the period In the emFloyee'$ servi￿8 are rece1v￿. Termination beneffts are rg¢c4Jnisod Immedlate￿ 8$ an expense when thè tharity Is demon8lTabty ￿mmitted to temiinate thè employm&)t of an employee or to wovide tsrmination beneffts. 13. EASY-GO CT (STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollclgs Icontlnuedl 1.11 Exp•ndltur• All expenditure Is aC(￿u￿ted for on an aGGrual$ b4*. Crltlul Jccountlng Mtlmates and judgemènts In Iho applicabon of tho charty'5 accounling policies, the trust8as ar8 required to make judg8m8nts. esttmat&s and assumptions about the carwng amount of assets and liabilitivd thgt are not readlty 8pparenl from other sourcès. The estimatss and 9880ciated a￿uMptI1)nS are based on historical experience ￿ other faciors that are considered to b• relevant. Actual results may drfer from th888 estimates. The eBtimales and und•dying a$sumptSons arg reviewed on an ongoing basis. Revisions to aC￿untIng estimates arè reeognlsed in the period In wh'ch the estimate is revised where the rewson affect$ ￿lY that period, or in the perlod of th8 re￿810n and fvlur¢ p¢ricth where the reVI￿On 8ffgds both ￿rrent arKI futur8 p2riod6. There were no ￿1 accounting estimatss and ￿geMen 14- (44 4D O EASYQO CT {STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In¥￿tm•￿ts Unr•Btrkt•d Unrutrlctsd fvnds 2024 3023 Interest T•c¢ivable 1.326 812 16- EASY-GO CT (STOCKPORT> LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Othor Incom• 2024 2023 Bus SenA¢• Op•rators Grant 16.725 14.640 Ch•tit4bl• a¢ttvtth8 2024 2023 Staff co$t$ Depredatlon ?nd impalmignt Motor expense8 Consultancy f••s 431.838 13.804 192,540 7.316 450,108 14,959 192,055 7.028 e4S,498 664,149 Share of support costs {see note 81 Share of 9overn8nce co8ts180• note B) 38,372 2.500 35,708 2,500 686,370 702,357 Anatyslg ty fund Unrestrfcted funds 686,370 688.370 For the year •nd•d 31 ma￿tt 2023 Unrestricted fijnds 702.357 702.357 Trusto Ncfie ofthe trustees {or any person$ connected vAlh them) received any remuneratkn during the year 17- EASY-GO CT (STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Gov•m•nc• 2024 2023 Ba•ls of •lloc•tlon Rent Offu expl￿¢1 Sundry Insurance Sub5criplions Stsff trainirg Bank char98S Bod debts INecoverable VAT Refr•shmenl$ and vokjnleer expenges 18,000 9,997 1,821 2,145 18.000 9.997 1.621 2.145 18,000 10,788 3,184 2,101 897 210 104 311 47 188 5,3 47 5.336 150 113 A(%amtJn¢y f••$ 2.500 2.SCKS 2,5¢)0 Govornan¢• 38,372 2.500 40.872 38,208 Employm• Th6 S￿1?9¢ mimthty number of employees durfng yfr8r vM$.' 2023 Numb•r Nymbtr DrNer8 Passenger ass18tarrts Atkninlstratlon 19 20 12 T¢)t81 31 employment colts 2024 2023 8 and MI8Ale8 431,838 450,108 Th•r• w•r• gmploy8gswk¥)se annud remLneration was £60.000 or mkve. .18. EASY-GO CT (STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Oth•r Totsl Unr•stricled 2024 2023 Nel bs$ on of l•ngiblfr fixod 8889t8 550 550 11 Taxatlon Easy-Go CT Istockport) Llmlted 18 8 reglstèred chority. no provisron 18 mad• for eilher uJrr** or defetred taxatton. 12 Thnglbk fix•d a88•19 Tot•1 C￿t At 1 April 2023 Add￿on8 253 345,448 12,500 345.701 12.500 At 31 March 2024 253 357,948 358.201 Depr•¢l•tlon and Impalmwnt At 1 April 2023 Depyedallon chwgod In the year 310.360 13.721 310.3eo 13.8fA 83 AI 31 March 2024 83 324,081 324.184 Cirrylng *rnount At 31 Marth 2024 170 33,867 34.037 At 31 March 2023 253 35,087 35,340 19. EASY-GO CT (STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Fl¥•d a%••t Inv••lm•nts Unll$l•d InvMtm•nts Cost or v•luatlon At 1 Awil 2023 8 31 Marth 2024 Carrylng amount At 31 Marth 2024 At 31 Morch 2023 14 Dobtsrn 2024 Afnount• f•lllng du• wlthln on• y•ar: Trade debtors Other debtor5 Prepaymènts accfu•d incom• 48,741 2,299 10.230 62.948 0.981 8.940 61,270 81,849 16 Crndltor8'. amounts falllng dv• wllhln on• yur 2024 2023 Trade cr•ditor8 Acuuals and deferred irKom¢ 112,813 148.055 131.317 *- 115,313 279.372 -20- EASY.GO CT ISTOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Contlngent Ilablllty SCHEME: TrT Rotirnmont Solutlon¥-Th• GroW(h Plan The cc#np8ny wtwles in the sthgme, a multbemployer stheme vthich provides benefits lo some 638 no as60aated paTbcipating empkJy•rs. The 8cheme Is 8 definèd benefit schemft in th& UK. It Is not possble for the company to obtsln sufficient information to enable rt to account for th9 scheme a8 0 dgfined benefit scheme. Therefore il 8ctXJunls for the scheme as • defined contribubon 8¢heme. The scheme 1$ 5ubie¢¢ lo the fundkng leglslatlon o￿oned thè P&nsions Act 2004 whkh came into force on 30 December 2005. Thi8, together vath documerbls issued by th8 Pensions Regulator and Technical Aduarial Stan¢Jards Issuerl by the Finanual Reportjng Coundl, set out the framework for funding defined benefft c¢cupalional pertsion sthomfts in tho UK. The 5theme is da$$ified as a 'l8St-man standing arrangemènt.. Therefore th8 company is potentially liable for other participating employer8. obllgations rf those ernployer5 are unoble lo rn￿1 their share of the $¢heme defiut fd10w￿ng wrthdrawal from thè s¢heme. Participating employers are legally requir￿ to mgel their share ofthe KJ*me defiut on an annusty purchase b8&8 on wwhdrawal from the $the￿. A fiJll 7tharial valuation for the scheme was carried out at 30 September 2020. This volualion Sh￿￿ed assets of £800.3m, Ilabllibès of £831.9m 8nd a defieit of £31.8m. To eliminate this fvrKYing shortlall. the Trustse ho$ asked thtr participating empty8r8 to pay additional contributions lo the schemè. This was eslimaled M 30 September 2023 by tho &heme Actuary ¥1 £8,087. 21 EASY-GO CT (STOCKPORT) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2024 17 R•latsd p•rty trans•ctloM R•mun•r•tlon ol k•y manag•ment p•rnonn•l Thg rwbunetation of key mintygm•nl personnel 18 4$ follows. 2fj24 2023 regale comwsaty. 66,986 60,945 Trnm•c￿0n$ wSth r•lat•d parti Durlng the year lh• chjrrty entered into the foll¢wing Iran54CtwJns with related parti•s.' During the year E8sy.Go CT (Stockportl Limited paid Mr D Jackson £1,200 12023 - £1.4001 for w•bshe 5UPPOrt. Mr D Jackson 18 the son oflhe general manager PAr C Schoolden. Acknowled ements Transport for Greater Manchester 'IJ AZETS cta - STOCKPORT hlLTK014)LITAN IX)KOUbH COUNCIL AIOT TÉSTWIG PINNACLE MOTOR ENGINEERING Central Manchester University Hospitals NHS NHS Foundation Trust