Company reg15tration number: 07983448 Charlty ￿giStra￿On nurnber.. 1148539 EPPING FOREST COMMUNITY TRANSPORT TRusfEES' REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD I DECEMBER 2023 TO 31 DECEMBER 2024 Epping Forest Communlty Transport Contents ge Reference and Admifiistrntlve Dets115 Trt￿tee5. Report Independent Examlnerfs Report Statement of Fln?ncial ActlvlUes lin¢ludlng Income and Expendlture Account) 8)l•nce Sheet Notes to th* Flnanclal Stattments 6-12 epplng Forest Community Transport Reference and Admlnistratlve Details For the Perlod l December 2023 to 31 December 2024 Trusl••i Mr P Ashworth Mr R Bassett Mr M Patterson Mr P Kapaslawala lappolnted 161061202S} Ch•rlty Nurnb•r 1148539 Comyny Nurnb•r 07983448 Prfndp41 Addrnai Soclal Care Bulldlng, 2nd Floor St Johns Road EppiTrg Essex CM16 SE8 R•9l•t•r•d Offl¢• Soclal Core 8ulldlng 2nd Floor St John$ Road Epplng Essex CM16 SEB 8y•ln• Soclal Care 8ulldln9 2nd Floor st Johns Road Epplng Essex CM16 SEB Ind•p•nd•nt tx•mln•r Robert Jones FCCA Douglas Jones Phllllps Lfd ACCA O-I Bulld5ng, Flrst Hoor West Wlng, Edlnburgh Wav Harfow Essex CM20 2D6 Page I Epplng Forest Community Transport Company No. 07983448 Trustees. Report For the Perlod l December 2023 to 31 December 2024 The trustees present thelr report and the flnanaal statements for the period ended 31 Oecember 2024. Flrbancl•l R•vl•w Flnan¢l•l Po*ltlon Epping Forest and Harlow Comrnunlty Transport IEFCTI has reported a Mate￿81 defirit of £51,8¢)O for the finaTrclal year endin9 2023124, representin9 an adverse movetnent of £46,300 compared to the previous year. This dete￿or￿tIOn In financlal performance Is prlrnarlly d￿Ven by increased expenditure ènd stagnatlng income. For the current financial year, EFCT has extendeo It5 report4ng pe￿0d to 13 rnonths, changlng the year-end date from 30th November to 31sr December. Thls adjustment ena￿e$ the Ch•￿ty to better allgn flnanclal dats wlth non-flnanclal statlstlcs. thereby supportlng more effectlve trend anolysls and perforniante ev&luotlon. Tota1 expendlture rose by É43.000, on Increase of 9.S% year-on-year. The most sign1fl￿n¢ contr5butor to thls rlse was staffing costs. wttlch increosed by £26,200 or IO%. This was t1ue to a reductlon in volunteer tlrSvers, nece5sitstlng a greater rellance on salaried staff to maintain 5ervlce levels. In addltlon to stafflng pressures, the aging flttt has led to hlgher vehlcle malntenance costs, whlch rose by £9.31)O, depredatlon charye$, which Increased by £5,700 due to the necesslty to replace ol the older vehlcles. Income fell mar9lnally by £3,200, a decrease ol 0.8%. Whlle thls movement Is noi materlal sn Isolatlon, It refitcts a broader trend of Income stagnation over recent years. Core and ongolng 9rnnt$, whlch trodltlonolly account lor approxlrnately 60% of Efcf's fundlng, have worrylngly falled to keep pace wlth Inflatlon over the past three financial years. Although tradlng ctlvStles Increased by £12,000 16%), thls was offset by a £15,000 decline In grant don8tloths, largely due to reduced Success In securlng one-off fundlng compared to the prevlous year. Oesplte these flnaThclal thallengè5, EFcf has raken proactlve steps to manage eosts. Non.essentlal expendlture has been curtalled, and operatlonal efflclencles have been pursued wherever fea51ble. Nonetheless, the struetural shllt frorn a volunteer-led to è stoff-led setvice model has had a slgnlflcant finandal Impart. In 11ght of the ¢urrent dencit Jnd on9oln9 financijl pressures, EF￿ ha5 Inltlated ) strateglc response to 54feguard Its luture 5UStalnablllty. Thls Includes J comprehenslve revlew of stsffin9 Structure5 and seNlce dellvery models In prepèrotlors for an￿£[Pared legislotlve changes In 2025. The Charlty contlnuè5 to actlvely pU￿ue external lundlng OPPOrtunltles through communlty grants and strateglc portnershlps to $upport core servlce$ and enable fleet renewal. Aildltlonally, EF￿ Is engaging wlth local stskeholders to rebuild Its vdunteer base, recognl$ing the essentlal role volunteers play In dellvertng cost-effective and $u$talnable transport services. Sm•ll Comp*ny Rul•• Thls ￿pOrt has been prepared In attordance wlth the speclal prov151ons relatln9 to tompanlt5 sublert to the small comp4nlt$ reglme withln Part 15 of the Companles Att 2006. The trustees, re rtw? pproved b ru5t••5 and slgned on Sts behaw by: Mr R eassett Trustee Date Page 2 pplng Forest Community Transport Independent Examiner's Report to the Trustees of Eppln9 Forest Community Transport For the Period l Decemb¢r 2023 to 31 December 2024 I report to the tharlty trustees on my examlnation of the attounts of the Company lor the perfod entled 31 De￿rnber 2024. R•ffjpon•lbllltl•• Ba•1• of R•port A5 the charlty trustees of the Company land a150 Its dlrertors for the purposes ol company law). you are responsible for the preparatlon of the accounts in accordance wlth the requlrements of the Cornp&nles Act 2¢)06 {'the 2006 Act"}. Maving saY$fied myself that the accounts of the Company are not requlred to be audited vnder Part 16 of the 2006 Act and are ellgible for Indepen¢Jent examlnatlon, J report In ￿Spert of my examlnatlon of your charlty's accounts as carrled out under sectlon 145 of the Charities Act 2011 {'the 2011 Att'l. In carrylng out my examInat￿n I have followed the Directions given by the Chorlty Commlssitin under sertlon 145{5} Ib} of the 2011 Act. Indwnd•nt Ex•mln•r's St•t•m•nt Slnce the Cornpany's gross Income exceeded £250,000 your ex)mlner must be a rnemt￿ of a body Ilsred In sertSon 145 01 the 2011 Act. I confirm that I am qualified to undertake the e¥amlnatlon because I am a member ol The Associatlon ol Chartered Certined Accountants, whlch Is one of the liste(I bodles. I have completed my exarnlnatlon. I connrm that no matters have eorne to my attentlon In connectlon wlth the ex•mlnaUon giving me cause to belleve.. l. accountlng records were not kept In ￿$pert of th¢ Company as rwulred by stttlon 386 of the 2006 Art,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the •ccountlng ￿qu1￿ments of sertlon 396 of the 2006 Art other than any requlrernent that the accounts qlve a truè ond falr vlew. whlch Is not a matter consldered as part of an Independent examlnatlon: or 4. the accounts have not been prepared In accordance w￿h the methods and prfnclples of th• St•terntnt of Recommended Prnrtlce for aceounting and reportlng by tharltles appllcable to ehèrltlt5 preparlng thelr accounts In atcordaThce wlth the Fln¥nclal Reportlng Standard appllcjble In the UK and Republlt of Ireland IFRS 1021. I have no concerns and have come across no other matters Sn ￿nnert10Th wlth the ex)mlnatlon to whlth attentlon $hould be dr•wn in thls report In order to enèble a proper understsndlng of the accounts to b¢ ￿*thed. Aobert Jones FCCA 16th September 2025 Q-I Buildlng* ￿r$t Floor West Wingi Edinbur9h Way H4Jrlow Essex CM20 2DB Page 3 Epping Forest Communlty Transport Statement of Flnanclal Artivities (including Income and Expenditure Account) For the Perlod l December 2023 to 31 December 2024 31 30 Dvember N0￿Mb￿r 2Q14 2023 Unr•strlct•d Unrestrfet fundB funds INCOME AND eNDOWMEMTS FROM: Dtsnatlons and le9acie5 Charltable actlvlt5es.' Transport Servites Investments 246.773 261,708 196,828 185,063 33 443,609 446,804 EXPENDITURE 014: Charitable actlvltSes: Transport Serv5ces 1490,808} 1451,528) NET expeNDITURE btFORe iNVtm11NT LOSSES Net losses on Investments 147,199} {4.5591 14,7241 1737} NET EXPt140XTURE 151,758} 15,4611 NeT MOVEMINT IN FUNDS RECONCIUATION OF FVPIO$: Total fund5 brought forwar 15L.758} IS,461} 289,252 294,713 TOTAL VUHD$ URIUEO FORWARD 237,494 289,252 The notes on pjges 6 to 12 lorrn part of these flnaThc5al ststements. Page 4 Epping Forest Communlty Transport 8alance Sheet As At 31 December 2024 31 2024 2023 ilnr••trlctad funds Toi•l fund• FIXED ASSETS Tongible Assets 12 Sl.368 34.724 Sl,368 34,724 CURRENT AS$tTS Debtors Cash at bank and In hand 13 119,583 97.644 105,611 201.151 217,227 306.762 Cr•dltor•: Amount• V•lllng Du• Wlthln On• Y￿r 14 131,101} 152.2341 NIT CURAÉNT ￿seY$ {LIA8ILmts) 186,126 254,528 TOTAL ASSETS Less CURRENT UAbILTfiES 237,494 289,252 IIET AsseTS 237,494 289,2S2 FiINDS OF Tmt CHARITY UnrestNrteort is a company lirnlted by guarantet, Inrorporated In England & Wale5, reglstered number 07983448 and registered charlty number 1148539. The registered office Is Soclal Care Bulldln9 2nd Floor, St Johns Roa<1, Epping. Essex, CM16 SEB. 2. Accountlng Poll¢le¥ 2.1. Ba*li ot Pr•par•tlon tsf Fln•nclal Stat•ment• The flnanciol statements have be￿ p￿pared In accordance wlth the Chadtles SORP (Fks 1021 "Actountlng and Reporting by Charltles.. Statement of Recommended Practlce appllcable to chantles p￿parIng thelr accounts In accordènce wifh the Financlol Reporting Stsndard appllcable In the UK and Republlc of I￿land IFRS 1021 leffettive I January 20191. Flnancial Reporting Stanéèrd 102 'The Flnantlal Reporting Standord appllcable in the UK and Republlc of Ireland. and the Companies Act 2006. The chJrft)ble company is a Public Benefit Entlty as deflned by FRS 102. 2.2. T4nglbl• Flx•d A•••t• and D•pr•¢l•tOon Tanglble fixed assets a￿ measured at cost les5 accumulated tlepreclatlon and any atturnulated Impalnnent losses. DeprecSatSon Is provlded &t rate5 calculated io wrlte off the cost of the fixed assets, less thelr estlmated resldual valut, over thelr eKpetted useful Ilves on the lollowlng ba$es'. Plbnt & Mjchlnery Motor Vehltle5 2S% 25% 2.3. C•ih and ¢••h Equlv•l•thts Cash and cash equivalents are bask financlèl a55ets ond lTrclvde ¢•sh In hanfl anfl deposlts heltj ot call wlth banks, other 5hort-teTrn hlghly Ilqtsid investments that mature In ng more than three month5 from the date of acqulsition and re rtadlly convertlble to a known omount of cash Inslgnilkant risk of thange In value, and bank overdiaft$. 3. In¢tsrn• from D¢)n•tlon• •nd L•yd 31 Jo l>•c•mb•r No¥•mb•r 2024 1023 Unr••lrlrt•d Ilnr••lrlct•d fvnd• Donatlons and glfts Grants 3,090 243,683 953 260,755 246,773 261,708 4. Znv••tm•nt Incom• 31 30 i>•¢em￿r H0￿Mb•r 2024 2023 Vnr••trl¢t•d Unr••trl¢t•d nd• fundi Bank Interest rettlvable 33 Page 6 Epplng Forost Community Transport Notes to the Financial Statements (contlnued) For the Perlod l December 2023 to 31 December 2024 5. N•t in¢om•1(Expw￿ltsr*) The net expenditure Is stated after chorylng1{¢reditin91: 31 30 Dernmber Novemb•r 2024 2023 Deprtciatlon of tanglble flxed assets - owned 17.122 11.575 6. An•ly•l• of exp•ndltsr• 31 D￿emb•r 2024 Artl¥ltl• nd•rtak•n dlr•rtlv Isee note 71 (see note 81 Svpport Total Transport 5ekvkes 255.141 235,667 490,808 30 Nov•mb•r 2023 und•rtak•n dlr•rtly 15ee note 71 Iset note 81 Support Tot•1 Transport Serylces 233,175 218,353 451,528 7. Dlr•et C••t• Ji O•c•rnb•r 2024 Trnnlport Employee costs.. Wa9es and salorles Employers NI Employer5 penslons- defined contdbutlon xheme5 Volunteer Expense5 remporary staff General admlnlstratlon.. Vehlde runnlng costs Vehlcle fuel costs Vehicle Insurance costs Vehicle repalr costs 129.985 5,166 3,907 7,386 572 9,281 30.228 22,268 46,348 255,141 Page 7 Epping For•st Community Transport Notes to the Flnancial Statements (continued) For the Perlod l December 2023 to 31 December 2024 2023 Transport S•Thflc•* Employee costs- Wage5 and salarfes Employers Nl Employers penslon$- deflned eontdbutlgn Schemes Volunteer Expenses General admlnistrètlon.. Vehlcle rynnln9 Costs Vehlcle fuel costs Vehlcle Insuran￿ costs Vehlcle repalr costs 119,435 5.381 3.558 8.415 3,976 3Q.360 25,029 37,021 233,175 8. Support Co•t• D•c•mb•r 2024 Tr•n#port Employeè costs.. Wages and salarles Ernployers Nl Empltsyers penslons - deflned contrlbutlons scheme Recrultment costs staff trnlnlng Unlform Travel and 5ub51stence txpenses Premlses expense5'. Rent General admlnlsrratlon.. Hlre and leaslng of computer and other equlpment Computer 50ftware, consumables and malnteftance Prlntln9t P05tège and staJonery AdvertlslThg and marketlw costs Telecommun10￿0ns and dat) cos Sub5crlptions Bookkeeplng & paymll fees Sundry expenses Depreciation.. Depreciation of plant and machlnery Depreeiatlon of motor vehldes Interest payable.. Bank charges other Interest ￿Vable 153.870 10,834 24,154 278 181 779 673 3,304 3,341 8,804 350 858 3,970 215 2.120 294 554 16.568 1.018 ..CONTINUEO Page 8 Epping For¢st Communlty Transport Notes to the Financial Statements (Continued) For the Perlod l De￿mber 2023 to 31 December 2024 Governance costs.. Independent examlnerfs fee5 3,500 235.667 f4ov•mb•Y 2023 Trnn•port S•NIc Employee costs.. Wa9es and salarles Employers Nl Employer5 pen$lons - defined contrfbutlons scheme Staff tralnlng Vnlferm Travel and subslstence expenses Premlses expenses: Rent General •drnlnlstrntlon'. Hlre ané leaslng of eomputer and other equlpment Computer software, con$umables and malntenjnce Printlng, postage and stotlonery Advert151ng and marketlng costs Telecommunlcjtlons ènd dota costs Subscrlptlons Bookkeeplng & payroll lees Sundry expenses Depreclatlon.. Deprecl8tK)n of plant and machlnery Depreclatlon of motor vehtles Interest payable.. Bank tharges Governance costs.. Ind•ptndent examlntr's fees 13B,27S 9.721 20,467 596 515 209 3,451 3,426 12,981 389 40 9,262 320 1.888 562 739 LO,836 1,076 3.600 218.353 9. lTrd¢p¢nd•nt Examln•r'• R•mun•r•llon Ji i)K•mb•r 2024 30 No¥•mhr 2023 Independent examinatloft ol the flnaneial staternents 3.500 3,600 Page 9 Epping Forest Community Transport Notes to the Flnancial Statements (continued) For the Perlod l December 2023 to 31 December 2024 10. st•ff Co•t• *aff costs were as follows: 31 D*temb•r 2014 30 14ov•mb•r 2023 Wages and $èlarles Sodal securtty costs Other penslon costs 283,855 16,000 28,061 257,710 15,102 24.025 327.916 296.837 No ernployees recelved employee benents lexcludlng employer penslon costs) lor the reportln9 pertod of more than £60,000. 11. A¥•Y•g• Mumber of efflploy• Average number of employees durtng the perfod was: IS (2023: 141 12. T•n9lbl• A*s•ts Plant & M•¢hln•ry Motor V•hl¢ Tatsl C••t As at I t>ecember 2023 AL#ditlons D15P054Is 17,110 287,294 38.850 142,1501 304,404 38,850 142,1501 A5 at 31 December 2024 17,110 283,994 301,104 D•pM¢l•tlon As at L December 2023 Provlded dudng the pertod Dlspesa15 14,893 554 254,787 16,568 137,0661 234,289 269,680 17.122 {37,066) 249,736 As at 31 December 2024 15,447 M•t Dook V•lu• As at 31 December 2024 1,663 49,705 51,368 As ?t l Oecember 2023 2,217 32,507 34.724 31 D•¢•ml 2024 30 November 2023 Du• wlthln on• ye•r Trnde debtors Other debtors 7.311 112,272 14,997 90.614 119.583 105,611 Page 10 Epping Forest Community Transport Notes to the Financial Statements (continued) For the Perlod l December 2023 to 31 December 2024 14. Cr￿. Amoun1• P•lllty9 Du• Whhln On• Y••r 31 30 No¥•mb•r 2023 D•¢•mb•r 2024 Trnde creditors other creditor$ Taxatlon and soclal seojrlty Accruals and deferred Income 19.518 2,983 4,505 4,095 18,191 25,744 4,349 3,950 31.101 52.234 15. P•n•lob) Commllmonts The cha￿table company operJte$ a deflned coTrtrfbutlon penslon scheme. The assets of thé scheme are held sepbrntely from those of the charftable comp)ny In an Independently admlnlstered fund. Durlng the pedod the tharye to the statement of financial artlvltyes In respect of deflntd contrlbuilon Khemes was £26.061 12023.. £24,025). At the balance $heet date contrlbutlons of £NJL were due to th• lund and are Incluiled In ¢redltors. 16. Mv•m•rt In Fund• A••t31 D•c•rnb•r 2034 D•¢•mb•r 2023 Exp•ndltyr• Uhr••irlL*•d fvnd• General.. General unrestrtcted fund 289,252 443,609 {495,367} 237,494 T•t•l fvnd• 289,252 443,609 {495,3671 237,494 A••ti D•¢•mb•v 2022 •t30 Nov•mb•r 2023 In¢om• Exp•ndltsr• Untr••trl¢t•d fund• General.. General unre5tdcted fund 294,713 446,804 {452,2651 289,252 Total fund• 294.713 446,804 1452,2651 289.252 17. T￿￿￿¢110￿# wlth Tru•t• None of the trustees ￿￿1ved any remuneration or any other beneffts from an employment wlth the tharfty or a ￿lated entity ¢Jurin9 the current or previous year. During the perfod the expenses relmbursed to the trustee5 or pald dlrectly to thlrd pjrties were as follows: 31 Dtt•mb•r 2024 30 14w•mb•r 2023 Page 11 pping Forest Community Trnnsport Notes to the Flnancial Statements (continued) For the Perlod l December 2023 to 31 December 2024 18. Rql•t•d Party Dl8dgwr•• The￿ have been no related party transathons in the reporting period thot require dssc105ure, except for those dlsdosed in the Transattions wlth Trustees note. 19. Comp•ny Ilmlt•d by guarant The compaTry Is limited by guarnntee ond has no share cjpltsl. Every member of the company undertake5 to contribute to the assets of the ujmpanyi In the event of a windin9 up, such an amount as may be required not exceedln9 £1. Page 12