REGISTERED COMPAIYYNUMBER: 07485952 (England 2nd Wths) REGISTERED CHARITY NUMBER: 1145931 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IkL4RCH 2024 FOR WIGHT COMMUNITY ACCESS LTD Mackenzies l Langl¢y Court Pyle Street Newport Isle of Wight P030 ILA
WIGirr COMMUNITY ACCESS LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Tnlee$ Independent Examlller's Report Slatement of Financial A¢tfivltks Balance Sheet 4 to 5 Notes to the Flnancial Stalements 6 to 12 Detsiled Statement of FinaDCig1 Aetfvities 13 to 14
WIGHT COIIqMUNITY ACCESS LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the plOseS of the Companies Act 2006, present their report with the financial statements of the chwity for the year endcd 31 March 2024. The trLLStees have adopted the provisions of Accounting and Reporting by CEwities.' Statement of Recollllnended Practice applicable to cljarities preparing their accounts in acconlance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controllcd by its gnv¢Tning documenL a d¢¢d of trust, and constitutes a limited company. limited by guarantee. &8 defined by tbe Companies Act 2(X)6. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07485952 (England and Wal¢s) Reglstered Charlty number 1145931 Regtstered office Winchester Howe The Broadway Totland Isle of Wight P039 OAX Trnstses G Cameron G Kirk S Bernsen, R Scholes, & R Lombadelli, M Smith R Roach P Craig M Craig Chair Appointed 2410712023 Resied 2410712023 R&signed 2110112024 Company Secretary M Craig Independent Examiner Mackenzies Chartered Accountants l Langley Court Pyle Str¢¢t Newport Isle of Wight P030 ILA Approved by order of the board of on 3 June 2024 and signed on its behalf by.. Page I
INDEPENDEI¥T EK4MtIYERIS REPORT TO THE TRUSTEES OF WIGHT cOmfUNITy ACCESS LTD Illdedent ex2mlner's report to the trustees of Wlght Community Access Ltd ('the Company? I rq)ort to the charity trustees on my cxamination of the accounts of the Company for the year ended 31 March 2024. Ro4pollsibiJities and basis of report As the chaTity's trustees of the Company (and also its directors for the purposes of company law) you are rwnsible for the prcparation of the accounts in accordance with the requiremfflts of the Companies Act 2006 Cthe 2006 Act). Having satisfid myself that the accounLs of the Cornpany are not required to be audited under Part 16 of the 21J)6 Act aT]d are eligible for independent examinat10 I report in respcct of my examination of your charity's accounts as caTTicd out under Section 145 of the Chartties Act 2011 Cth¢ 2011 Aci?. Jn carrying out my examinalion I have followed the Dircctions given by the ChaTity Comrnission under Section 145(5) (b) of the 2011 Act. Independent examiner's Statement I have completed my examination. I confiTrn that no m8ttffl5 have Come to my attention in connection with the examination giving me cause to believc: accounting records were not kept in rwect of the Company as requirnl by S¢rti¢)n 386 of the 20(hS Act. or the accounts do not accoTd with those records. or the accounts do not Comply with the accounting rquiranents of Se¢tion 396 of the 2W6 Act other than any requirement that the aOunt5 give a tsue and fair view which is not a rnatter considered as part of an Indepdent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prdctice for accounting and reporting by chitIeS (applicable to charities preparing their accounts in accordance wilh the Financial Reporting stsndd applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have corne across no other matters in connection with the cxarnination to wbich attention should be drawn in this report in order to enable a proper Luthrsknding of the accounts to be Teathed. Simon Johnston Mackenzies ChartereAI Accountants l Langley Court Pyle Slred Newport Isle of Wight P030 ILA 3 June 2024 Page 2
GHT COMMUNrrY ACCESS LTD STATEMENT OF FINANCIAL AcT[s FOR THE YEAR EIYDED 31 MARCH 2024 2024 Total funds 2023 Totsl fimds Unrestricted Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 47,552 69,400 116952 42,769 Charitable activities Charitsble provision of transport 30,439 30,439 57,045 Other trading activities 42,164 42,164 36,897 Total 120,155 69,400 189,555 136,711 EXPEIYDITURE ON Raising funds 12,646 12,646 8,776 Charllable actlvltles Charitsble provision of transport 161 929 8,070 169999 139,844 Total 174,575 &070 182,645 148,620 NET INCom(ExPENDITUREj Transfers between funds (54,420) 30,0) 61J30 (30,000) 6,910 (11,909) 13 Net movement In funds {24A20) 31J311 6910 (11,909) RECONCILIATION OF FUNDS Total funds brought fonvard 127,157 33,675 160,832 172.741 TOTAL FUNDS CARRIED FORWARD 1112,737 65,005 167,742 160,832 The notes forn] part of these financial ststements Page 3
WIGHT COMMUNITY ACCESS LTD BALANCE SHEET 31 MIIRCH 2024 2024 TotAI nds 2023 Total funds Unrestrided fund R¢stri¢ted funds Notes FIXED ASSETS Tangible assets 59,020 4&512 107J32 111,460 CURREKT ASSETS Debtors Prepayments and accrued income C&sh at bank and in hand lJ51 5.087 80.739 IJSI 5,087 97332 6,870 94,998 16,493 87,177 16,493 103,670 105,816 CREDrroRS Amounts falling due within one year (14616) (14,616) (15.714) NET CURRENf ASSETS 71561 16,493 89,054 90.102 TOTAL ASSETS LESS CURRENT LIABILITIES 131581 65,005 196,586 201.562 CREDITORS Amounts falling due after more tklan one year io (2&844} (28,844) (40,730) SETs 102,737 65,005 167,742 160,832 13 Unrestricted fijnds Restricted funds 102,737 65,005 127,157 33.675 TOTAL FUNDS 167,742 160,832 The charithble company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 MaTch 2024. The menthers have not r¢qvired the company to obtain an audit of its financial statemwts for the year ended 31 March 2024 in accordance with Section 476 of the Compatlies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keq)5 arKounting re¢ord5 that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a tTue and fair view of the state of affairs of the charitsble company as at the end of each financial year and of its SUTplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Cornpani¢s Act 2006 relating to fllwicial statements, so far as applicable to the charitable company. (b) The notes fonn part of these financial statements Page 4 ontinued...
GHT COMMUNITY ACCESS LTD BALANCE SHEET- continued 31 MARCH 2024 These financial staternents have beell pr¢pared in COrdanCe with the provisions applicable to cbaritable companies subject to the small companies regime. The fmancial statements were approved by the Board of Trustees and authoTised for issue ¢)n 3 June 2024 and were signed on its b llalf by: tee The notes foTm part of these financial statements Page 5
WIGHT COMMUNITY ACCESS LTD NOTES TO THE FINANCIAL sTATE1NTs FOR THE YEAR EIYDED 31 MARCH 2024 ACCOi]IfflNG POLICIES Basis of preparing the financial 5tstements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Cl]aTities SORP (FRS 102) 'Ac¢ounting and Reporting by Charities: Statement of RQmMended Ptacticc applicable to charities preparing their aCCotS ill accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effeclive l January 2019}', Financial Reporting Stsndard 102 The Financia] Reporting Standard applicable in the UK and Republic of Jreland, and the Companies Act 2006. The financial statements have been prepared under the historical c( convention. IDcome All income is recognised in the Slatemenl of Financial Activities once the charity has entidement to the funds, il is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities ar¢ r¢cognised &8 expenditure &8 soon as there is a legal or constructive obligation committing the Chlty to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of th¢ obligation can be measured reliably. Expenditure is accounted for on an accn]als basis and h&s been classified under headings that aggregate all $t related to the category. Where costs cannot be directly attributed to particular headings they have been allocaled to activities on a basis consistent with the use of Tangl1¢ red assets DepCiatIon is provided at the following annual rates in order to write off each &8set over its estimated useful Motor vehicles Comw equipment 2(V/o on cosl 2/0 on cost Taxation The cFLarity 15 exempt from COTporation on its charitable activiti¢s. Fund ateounting Unr¢stri¢t¢d fimds can be used in accorthce with the charitable objectives at the discretion of the trust¢¢s. Restricted funds can only be used for particular restricted purposes within the objects of the charity. RestiictioDs arise when specified by the donor or when fimds are raised for particular restricted purpo8. Further explanation of the nature and putpose of each fimd is included in the notes to the financial statements. Page 6 continued...
GHT COMMUNITY ACCESS LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EM)ED 31 MARCH 2024 OTHER TRADING ACTIvfTIES 2024 2023 Shop income 42,164 36,897 NET INCOMEIIEXPENDITURE) Nel incomel(expenditure) is stated after charging/(crediting): 2024 2023 Depreciation- owned assets Suoilu5 on disposal of fjxed asscts 26035 (6,000) 19,831 (1000) TRUSTEES, REMUNERATION AND BENEFITS Trustees, expenses Trustecs tsavel expenses of £1,157 (2022: £11} were reinthur to them during the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year w&s as follows: 2024 2023 Part-time fleet manager Part time b8 drivers Part time bus maintenance Part time office manager Part time rr support Part time athnin assi8tsnt 13 No ¢mploy¢es received emoluments in exces5 of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvTfiES Unrestricted fiujd Restricted funds Totsl funds INCOME AND ENDOWMENfs FROM Donations and legacies 42,769 42,769 Charitable activities Charitable provision of transport 57,045 57.045 Other trading activities 36,897 36,897 Total 136,711 136,711 EXPENDITURE ON Page 7 continued..
WIGHT COMMUNITY ACCESS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEIUI ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMEiYf OF FINANCTAL ACTIvrrIES- continued Unrestricted Restricted fund fimds Total fimds Raising funds 8,776 8,776. Charfitable activitieB Charitable provision of transport 136,274 3,570 139,844 Total 145,050 3,570 148,620 NET INCOME/(EXPENDITURE) Transfers between fund5 (8.339) (30,000) (3,570) 30.IXKI (11,909) Net movemeDt in fund (38,339) 26.430 (11,909) RECONCILIATION OF FiINDS Totsl fimds brought forward 165,496 7245 172,741 TOTAL FI)NDS CARRIED FORWARD 127,157 33,675 160,832 TANGIBIE FIXED ASSETS Fixtures Motor vehicles Computer equipment fittings Totals COST At l April 2023 Additions Dwosals 235,223 2.320 239J43 22.907 (31JOS) 21907 (31J05) At 31 MaTch 2024 24707 203J18 2J20 230,945 DEPRECIATION At l April 2023 Charge for year Elimin*ed on disposal 123,763 26035 (31J05) 2320 127,883 2&835 (31J05} At 31 March 2024 1,800 119293 2J20 123,413 NET BOOK VALIJE Al 31 March 2024 22,907 84ffj25 107,532 At 31 March 2023 111,460 111,460 Page 8 continued..,
WIGHT COMMUNITY ACCE&S LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DEBTORS: AMOUNTS FALLING DtrE wrrHIN ONE YEAR 2024 2023 VAT lJ51 3,948 cREDORS. AMOUNTS FALLING DUE wTfHIN ONE YEAR 2024 2023 Other loans (see note I l) Hire purchase (see note 12) Social S¢¢UTity and other taxes Other creditors Accrued expenses soo 11,886 500 11,886 1,241 462 1,625 405 1,825 14,616 15.714 Included within other creditOT5 are credit card balances totalling £405 (2023: £462). io. CREDITORS: AMOUNfs FALLING DUE AFTER MORE THAF4 OIYE YEAR 2024 2023 Hire purchase (see note 12) 28,844 40,730 Other loans consisted of interest free loans from local Parish Councils. ii. LOANS An analysis of the maturity of loans is given below: 2024 2023 Amounts falling due within one year on demand: Other loans 5(Kl 12. LEASING AGREEMENTS Minimum lease payments und¢r hirc purchase fall du¢ as follows: 2024 2023 Nd obligations repayable.. Within one year Between one and five years 11,886 2&844 11,886 40,730 4730 52,616 Pase 9 continued..,
WIGHT COMMUNITY ACCESS LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR LED 31 MARCH 2024 13. MOVEMENT tN FUNDS Net movement Transfers between funds At 1.4.23 At31.324 Unrestrleted funds General fund 127,157 {54.420) 30,000 102,737 Restrleted funds Isle of Wight Foundation Electrification Fund 5,175 28,51)0 (2,070) 63,400 3,105 61,900 (30,000) 33,675 61,330 (30,000) 65,1)05 TOTAL FUNDS 16V32 910 167,742 Net movernent in funds, included in the above are &$ follows.. Incoming Resources expended Movement in funds UrtrICted funds General fund 120,155 (174,575) (54,420) Restrlcted funds Isle of Wight Foundation Electrification Fulld (2,070) (6,000) {2,070) 69AOO 69,400 (&070) 61 J30 TOTAL FUNDS 189,555 {182,645) 6,910 Comparatives for movement in funds Net movement in funds Transfers between fimds At 1,4.22 At 31.3.23 Unrestritted funds Generdl fLllid 165,496 (8,339) (30,000) 127,157 Restritted funds Isl¢ of Wight Foundation Electrification Fund 7,245 (2,070) (1.51M)) 5,175 28,500 30,000 7245 (3,570) 30,000 33,675 TOTAL FUIYDS 172,741 (11.909) 160.832 Page 10 ontinued...
GHT Co1u1Ty ACCESS LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EM)ED 31 MARCH 2024 13. MOVEMENT IN FUNDS. continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources exp¢nded Movement in funds Unrestrleted funds General fund 136,711 (145,050) {8J39) Restricted funds tsle of Wight Foundation Electsification Fund (2.070) {1,500} (2,070) (1,500) (3.570) (3,570) TOTAL FUNDS 136.711 {148.620) (11,909) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 1.422 At 31.3.24 Unrestricted fuDds General fund 165,496 (62,759) 102,737 Restricted funds Isle of Wight Foundation Electrification Fund 7245 (4,140) 61.900 3.105 61.900 7,245 57,760 65,005 TOTAL FUNDS 172.741 (4,999) 167,742 A current year 12 months and prior year 12 months combined net mov¢nLcnt in funds, included in the avE are as follows: Incoming resources Resources expended Movement in fillids Unrestrleted funds General fimd 256,866 (3 19,625) {62,759) Restricted funds Isle of Wight Foundation Electrification Fund (4,140) (7,500) (4,140) 61.900 69,400 69,400 (11,640) 57,760 TOTAL FUNDS 326,266 {331265) (4,999) Pagell continued..
WIGHT COMMUNITY ACCESS LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EIYDED 31 MARCH 2024 14. RELATED PARTY DISCLOSURES There wer¢ no related party transactions for the year end¢d 31 Mah 2024. Page 12
WIGHT COMMUNITY ACCESS LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 IIWICH 2024 2024 2023 INCOME AIW ENDOWMENTS Donatlon$ gnd legacies Grants Donations 107,299 9,653 29,517 13,252 IIA952 42,769 Other trading activities Shop incom¢ 42,164 36,897 Charltable aetivlties Concessionary fares Voluntary f¢S 23,170 7,269 52,287 4.758 30,439 57,045 Total fineoming resources 189,555 136.711 EXPEM)ITURE Other trading aelAvltles RenL utilities and insurance Repairs and sundries Donations from shop income 5,701 1,242 &643 1,765 1,126 5,885 12,646 8,776 Charitable actlvltles Wages Advertising Sundries Motor rulln1 expenses Insurance Depreoiation of motor vehicles Profit on the sale of tangible fixed assets Hire purchase 74,253 4A33 178 23,730 9J74 26,835 (6,OlJO) 2,322 42,160 1,531 540 35,253 8.075 19,711 (2,OW) 1,161 135J25 106,431 Support costs Finance Bank charges 520 494 Other Telephone Carried forward 2,717 2,717 1,151 1,151 This page does not fomi part of the statutory financial statements Page 13
WIGHT COMMUNITY ACCESS LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EIWED 31 MARCH 2024 2024 2023 Brought fonvard Postage and stationery Sundries Repairs and r¢newa15 Travel and meetings Rent Accountancy Book-keeping, payroll and VAT Professional f¢¢s DeprecÈatÈon of computer equipment 2,717 3,656 463 703 1,952 3,587 1,475 1,940 17,661 1,151 3.118 4.470 434 1,157 3,295 1,450 1,612 16,112 120 34,154 32.919 Total resources ¢xp¢nd¢d 182,645 148,620 Net Incomel(expenditure) 6,910 (11,909) This page does not fom] part of the statutory fmancial ststements Page 14