2023-03-31-accounts - FACT Community Transport

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FINANCIAL STATEMENTS FORTHE YEAR ENDED 31STMARCH 2023	FINANCIAL STATEMENTS FORTHE YEAR ENDED 31STMARCH 2023	FINANCIAL STATEMENTS FORTHE YEAR ENDED 31STMARCH 2023
CO~S;			PAGE:
Administrative Details
Trustees' Report			2-4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Statement ofCash Flows
Notes to the Financial	Statements		9-16
Detailed Income and Expenditure		Account	17

TRUSTEES;	Councillor RWest
	Mr G Christy
	Councillor C Boden
	Mrs I Scotten (resigned	25th March 2023)
	Councillor C Seaton
	1151445
COMPANY NUMBER:	CE000317
PRINCIPAL ADDRESS:	5 Martin Avenue
	March
	Cambs
	PE15 OAY
INDEPENDENT E~ER:	Ian W Shipley FCCA
	Prentis Ik CoLLP
	Chartered Accountants	and Independent	Examiners
	115cMilton Road
	Cambridge
	CB4 IXE
	Barclays Bank Pic
	I Churchill Place
	London
	E145HP
SOLICITORS:	Kenneth Bush Solicitors
	11New Conduit Street
	Kings Lynn
	Norfolk
	PE30 IDG

			Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
			Funds	Funds	Funds	Funds	Funds	Funds
			31st	31st	31st	31st	31st	31st
			March	March	March	March	March	March
			2023	2023	2023	2022	2022	2022
		Notes				f,
INCOME AND	ENDOWS:
Donations and	legacies			6,608	6,608	204	5,719	5,923
Charitable activities			77,790	451,357	529,147	35,686	424,006	459,692
Investments							3	3
Other income							86,804	86,804
TOTAL INCOME			77,790	457,965	535,755	35,890	516,532	552,422
EXPENDITURE:
Charitable activities		7	31,316	643,503	674,819	12,903	666,145	679,048
NET INCOME	FOR THE YEAR
Net movement	in funds		46,474	(185,538)	(139,064)	22,987	(149,613)	(126,626)
Fund balances	at 1stApril 2022		87,013	1,178,272	1,265485	64,026	1,327,885	1,391,911
Fund balances	at 31stMarch 2023	18	133,487	992,734	1,126,221	87,013	1,178,272	1,265,285

					2023	2022
					Total	Total
				Note	f,
Net cash used in operating	activities			15	(64,140)	70,597
Cash flows form investing	activities:
Interest received						3
Purchase offixed assets						(10,466)
Sale offixed assets					83	107,266
Net cash provided by investing		activities			83	96,803
Change in cash and cash equivalents			in the year		(64,057)	26,206
Cash and cash equivalents	at the	beginning
ofthe reporting period					252,692	226,486
Cash and cash equivalents	at the	end	ofthe
reporting year					188,635	252,692

DONATIONS	DONATIONS	AND	Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
			Funds	Funds	Funds	Funds	Funds	Funds
			2023	2023	2023	2022	2022	2022
Donations	and	gifts		6,608	6,608	204	5,719	5,923

	CHAIUTABLE ACTIVITIES	CHAIUTABLE ACTIVITIES	CHAIUTABLE ACTIVITIES	Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				2023	2023	2023	2022	2022	2022
				6		f.
	Community	Transport		3,375	451,357	454,732	2,216	424,006	426,222
	Community	Hub		74,415		74,415	33,470		33,470
				77,790	451,357	529,147	35,686	424,006	459,692
5.	INVESTMENTS			Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				2023	2023	2023	2022	2022	2022
	Interest receivable							3	3
	OTHER INCOME			Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				2023	2023	2023	2022	2022	2022
	Net gain on	disposal	oftangible
	fixed assets							64,483	64,483
	Funds and donations		fiom merged
	associates
	Government	grants						22,321	22,321
								86,804	86,804
	CHARITABLE ACTIVITiES			Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
				Funds	Funds	Funds	Funds	Funds	Funds
				2023	2023	2023	2022	2022	2022
				6				f.
	Staff costs			3,735	306,038	309,773	2,216	326,176	328,392
	Depreciation	and impairment			37,141	37,141		56,651	56,651
	Loss on disposal oftangible fixed
	asset				1,455	1,455
	Vehicle hire				132,213	132/13		118,926	118,926
	Vehicle running costs				111,936	111,936		108,235	108335
	Community	Hub and	depreciation of
	Hub assets			27,581		27,581	10,687		10,687
				31,316	588,783	620,099	12,903	609,988	622,891
	Share ofsupport costs (note 8)				35,545	35,545		37,497	37,497
	Share ofgovernance		costs (note 8)		19,175	19,175		18,660	18,660
				31,316	643,503	674,819	12,903	666,145	679,048

SUPPORT	COSTS		Support	Governance	Total	Support	Governance	Total
			Costs	Costs	2023	Costs	Costs	2022
			f,	f.
Rent			520		520	520		520
Rates			2,464		2,464	2,763		2,763
Light, heat	and power		6,274		6,274	8,217		8,217
Insurance			6,776		6,776	6,423		6,423
Repairs and renewals			2,211		2,211	1,703		1,703
Telephone	and fax		3,814		3,814	2,756		2,756
Computer	software	and maintenance	3,072		3,072	3,636		3,636
Printing, postage and stationery			4,852		4,852	5,247		5,247
Sundry expenses			1,955		1,955	3,530		3,530
Bank charges			1,778		1,778	1,642		1,642
Advertising			1,829		1,829	1,060		1,060
Accountancy				13,894	13,894		10,610	10,610
Legal and	professional			5,281	5/81		8,050	8,050
			35,545	19,175	54,720	37,497	18,660	56,157

EMPLOYEES			Year	Year
			ended	ended
			31stMarch	31stMarch
Number ofemployees			2023	2022
The average monthly	number ofemployees	during the period was:	24	28
Employment costs			2023 f	2022
Wages and salaries			295,872	311,905
Social security costs			10,783	11,139
Other pension costs			3,040	3,942
Other staff costs			78	1,406
			309,773	328,392

TANGIBLE FIXEDASSETS
CURRENT YEAR	Land and	Plant and	Fixtures and	Computer	Motor
	Buildings	Equipment	Fittings	Equipment	Vehicles	Total
COST	6	f		f.
At 1st April 2022	855,000	22,988	16,202	4,545	169,679	1,068,414
Disposals					(19,500)	(19,500)
At 31March 2023	855,000	22,988	16,202	4,545	150,179	1,048,914
DEPRECIA11ON
At 1stApril 2022	22,802	17,751	7,088	3,974	90,148	141,763
Charge	11,439	1,309	2,278	188	23,551	38,765
Dispo sais					(17,962)	(17,962)
At 31stMarch 2023	34,241	19,060	9,366	4,162	95,737	162,566
NET BOOK VALUE
At 31stMarch 2023	820,759	3,928	6,836	383	54,442	886,348

TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS		Plant and	Fixtures and	Computer	Motor
PRIOR YEAR		Buildings	Equipment	Fittings	Equipment	Vehicles	Total
COST				f.		f.
At 1stApril 2021		850,000	17,522	16,202	4,545	437,179	1,325,448
Additions		5,000	5,466				10,466
Disposals						(267,500)	(267,500)
At 31March 2022		855,000	22,988	16,202	4,545	169,679	1,068,414
DEPRECIATION
At 1st April 2021		11,390	16,537	4,050	3,689	272,943	308,609
Charge		11,412	1,214	3,038	285	41,922	57,871
Dispo sale						(224,717)	(224,717)
At 31stMarch 2022		22,802	17,751	7,088	3,974	90,148	141,763
NET BOOK VALUE
At 31stMarch 2022		832,198	5,237	9,114	571	79,531	926,651
DEBTORS						2023	2022
Amounts falling due within	one year
Trade debtors						41,970	65,874
Other debtors						7,595	3
Prepayments and accrued income						45,457	48,611
						95,022	114,488
CREDITORS:						2023	2022
Amounts falling due within	one year
Trade creditors						32,030	8,114
Other taxation and social security						5,340	3,334
Other creditors						2,514	13,348
Accruals and deferred income						3,900	3,750
						43,784	28,546

ACTIVITIES
			2023	2022
			8	f
Net movement in	funds		(139,064)	(126,626)
Adjustments for:
Depreciation and	(profit)/loss	on disposal	40,220	(6,612)
Interest received				(3)
(Increase)/decrease	in debtors		19,466	95,295
Increase/(decrease)	in creditors		15,238	(32,651)
			(64,140)	(70,597)

IAL	STATE~S FORTHE YEAR	STATE~S FORTHE YEAR	STATE~S FORTHE YEAR	END	ED 31STMA	RCH 2023
TO	THE FINANCIAL STATEMENTS
	OPERATING LEASE COMMITMENTS								2023	2022
									8	f.
	The following operating		lease payments		are committed	to be paid:
	Total future commitments								205,277	322,578
	These relate to the lease committed			to on 4 January 2021.
	ANALYSIS OFNET	ASSETSBETWEEN FUNDS						Restricted	Unrestricted	Total
	YEAR TO 31STMARCH 2023							Funds	Funds	Funds
								2023	2023	2023
									f
	Fixed assets							7,624	878,724	886,348
	Current assets							127,741	155,916	283,657
	Creditors due within	one	year					(1,878)	(41,906)	(43,784)
								133,487	992,734	1,126,221
								Restricted	Unrestricted	Total
	YEAR TO 31STMARCH 2022							Funds	Funds	Funds
								2022	2022	2022
	Fixed assets							9449	917,402	926,651
	Current assets							90,643	276,537	367,180
	Creditors due within	one	year					(12,879)	(15,667)	(28,546)
								87,013	1,178,272	1465485
	STATEMENT OF FUNDS						Brought			Carried
	YEAR ENDED 31STMARCH 2023						Forward	Income	Expenditure	Forward
	Unrestricted funds
	General Funds - all funds						1,178,272	457,965	(643,503)	992,734
	Restricted funds
	Community Hub						36,337	52,055	(25,489)	62,903
	Shuttle Services						50,472			50,472
	Ukraine donations						204			204
	Clarion							16,000	(1,795)	14,205
	National Lottery							6,000	(297)	5,703
	Kickstart							3,735	(3,735)
	Total restricted funds						87,013	77,790	(31,316)	133,487
	Total funds						1,265,285	535,755	(674,819)	1,126,221
							Brought			Carried
	YEAR ENDED 31STMARCH 2022						Forward	Income	Expenditure	Forward
	Unrestricted funds									f
	General Funds - all funds						1,327,885	516,532	(666,145)	1,178772
	Restricted funds
	Community Hub						13,554	33,470	(10,687)	36,337
	Shuttle Services						50,472			50,472
	Ukraine donations							204		204
	Kickstart							2,216	(2,216)
	Total restricted funds						64,026	35,890	(12,903)	87,013
	Total funds						1,391,911	552,422	(679,048)	1,265,285