Charity Registration No., 1151445 Company RggistratiotL No.. CE000317 FACT COMMUNITY TE14NSPORT (A Charitable Incorporated Organisation) TRUSTEES, AKNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 FAcf COMMUNITY TRANSPORT FINANCIAL STATEMENfS FOR THB YEAR ENDED 31ST MARCH 2024 CONTENTS." PAGE.. Administrative Details Trustees, Report Independent Ex4minee8 Report Statement of Financial Activities Balance Sheet Statement of C9tsh Flows Notes to the Financial Staternents 9-16 Detailed Income and Expenditure Account 17 FACT COMMUNITY TRANSPORT PAGE I FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARLTY, rrs TRUSTEES AND ADVISORS TRUSTEES.. Councillor R West Mr G Christy Councillor C Boden CouncilloT C S￿t0￿ CHARITY NUMBER.. 1151445 COMPANY NUMBEIL. CE000317 PRINCIPAL ADDRESS: 5 Martin Avenue March Cambs PE15 OAY INDEPENDENT EXAMINEIL. lan W Shiplcy FCCA Prcnt15 & Co LLP Chartered Accountants and Independent Examiners 115c Milton Road Cambridge CB4 IXE BANKERS.. Barclays Bank Pl I Churchill Place Lon¢kn E14 5HP SOLICITORS., Kenneth Bush SoliLitor& I l Ngw Conduit Street Kings Liry Norfolk PE30 IDG FACT COMMUNITY TRANSPORT PAGE 2 FINANCIAL STATEMENTS FOR THE YEAR ETrqDED 3 1ST MARCH 2024 TRUSTEES, REPORT The 1rn5tees prescnt their repK)rt and financial statements for th¢ year to 31st MarGh 2024. The financial statement8 have becn prcpared in accordanc¢ with the a￿UntIng policies set in note I to the financial statements aud comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Cl]gritie8: Slatemcnt of Recomrncnded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK Republic of Ireland (FRS 102) (effective l January 2019)" OBJECTIVES AND ACTIVITIES The bharity's obj￿tS are to provide Dlal a Ride Se￿iG¢S in the F¢nland, Huntingdonshir¢ and E&st Cambridgeghire area for pcoplc who find it difficult or impossible to use conventional modes of tranS￿rt either through mobility diifiGulties or 8 lack of access to tr￿S￿￿)rt. To provide Group HiTe services to voluntary and non-profit making group&. To assist local authorities and other such bodies in the executiot) of transp)rt services for the benefit of the comn]unity. The policie5 adopted in th¢ furtb¢rance of thesc objects are to continue advertising our services and speak to other organisations that could signpost our services to those in need and there has been no tht￿ge in these during the period, The charity also provide& non-transwrt services, e.g. befriendins, social isolation, community fridge, food banks, et¢, The tnTStees have paid due regard to guidance issued by the Charity Commis8ion in dectsding what activities the Charity should undertake. ACHEVEMENTS, PERFORMANCE AND FUTURE PLANS FACT Community Transport has a long heritage dating back to August 1989 with the forxnation of the Fwland A350ciation for CoJnmunity Trans￿￿￿ which was subsequently extettded out to includc Huntingdonshire Association for Community Transport (FtACT) and Ely & Soham Association for Comrnunity Transport (ESACT). Thesg hav¢ all bwi brought tO8ether uuder the single name of FACT Community Tratisport (CIO). FACT Community Transport [FACT cr] Tuns a Dial-a-Ride [DaR] service in the Fcnlalld, Huntingdonshire, and Bast Cambridgeshir¢ Districts. operating from a base on the outskirts of March. FACT cr currently have 36 vehicles and a150 run a ConJmunity Car and Di&l-a-Car [DaC] 8Gheme for n]edical appoÈntments. as wcll as providing Group Hire of a rninibus and driver for use by l(Kal community groups and charities. FACT Cl. also nrns a five d&y week serviLe bu5 route in Wisbe¥h regist¢red ￿ Route 68. This is run on a not-for-profit basis as a Community Bus Scrvicc. The FACT CT DaK scrviLY is a Members only senTice and membership is govcrncd by a eritcria set out by Cambridgeshire and Peterbjrough Combined Authurity. The FACT DaR service provides local transport for those that meet the Griteria for access to essential serviccs, sbopping for acLes5ing community ￿ourCes, prnviding door to door transport for these purposes. Th¢ Dac services are aimed at medical appointments, es'peLially where there is an element of waiting needed for the return trip and adapted vehiLles for those with limited mobility and acce8sibility. Outside of these schemes FACT Cf also Tuns 8 number of Day Trips throughout thc year. Th¢5¢ are open to members and again use our accessible minibuses for those that would not usually be ablc to get out on day irips. Trips are re￿larlY organised to popular seaside resorts and outl#t thoppins villages, FAcr cr provides a Group Hire facility to other chariti￿ and Community Groups. I￿¢Se groups mu8t have & constitutio operatc on a not-for-profit basis, and join as a Group Member. This service has been taken up by more groups this year and continues to be a focus area for FACT CT. Although bAcr cr's primary purrA)se is to provide comrnunity transport, tbc obj¢Gtive is to use tbc transport and other services to allcvlatc social Isolation and to allow thogc that Lannot use or do not have access to Convention￿ public transpor to Ic (b) Mth judgements md estimates tlyat Arc y¢asonable and prudent; (c) Pteparcthe fin#n¢ial statemen15 & golng ¢om¢ern ba518 unlesy it Is lrtwtoprlate to pr¢sume that th¢ Charity wlll ¢ontinue in Dpei'Atlon- (d) State whcth¢r the policies adopted 4re in ac(x)rflance with the Charitles Act 2011 and with Rpplicable &ccOun￿￿ standa￿S And Ststemernts ufRecomm¢nd¢d Practice, subjeponsible fw keeplng proper W￿￿ntIng record5 which dlso105e wlth reagonable accwdcy at ony time tb¢ fjnaThrl&l position of th¥ ohArity and io en8ur¢ that thc fltw)¢lal &t&lcmEttt¥ Comply with thc ChRritlex Aot. Th¢ Trustees Rre also ￿pOnsIble for g&fcguardlngthe asscts of t￿ d)¥rity and hence fi)r taking reasonabl¢ slep8 for the prev¢ntioJi attd det£ctlott of fraud artd oth¢r irregulariti¢a. The Tn￿tepS confirm thoy have reftrr¢d to the 8uidaTrctt contain¢d in th¥ Chailty Commlsslon's gcn¢ral guid4nGu on publlc benefit when rwiewiug the Lharlty's aims and obiectlve& and in planning fylwe acilvili¢s. T&ie Twbte451 R¢port Wd6 approved by tbe Bogxd of Trvst¢w, MR CHRISTY 'rRUSTBB 2£_t. DATE................... FACT CONIMUNITY TRANSPORT PAGE 5 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 tNDEPENDENT B)L4MINER'S REPORT TO THE TRUSTEES OF FACT COMMifNrrY TRANSPORT I report to thc Trustees on my cxamination of the accounts of FACT Community Transport Charitsble Incorporated organisation {'th¢ CIO? for thc year endcd 31st Marth 2024, RESPONSIBILITIES AND BASIS OF REPORT As the Tnjstees of the CIO you are responsible for the preparation of the account5 in &cGordanG¢ wÈth the r¢quirements of the Charities AGt 2011 ethc Art,). I Teport in re6peGt of my cxall]ination of the CIO'S accounts carried out under section 145 of the 2011 Act and in carrying out rny cxamination I have followed the applicable directions given by the Chority Conunission under seGtion 145(5Xb) of the Act. INDEPENDENT EXAMfNER'S STATEMBNT Since the company's gros5 income exceeded £250,000 your examiner rnust be a melnber of a body listed in section 145of the 2011 Act. I confirm that l am qualified to undertake the examination because l atn a member of the Association of Chartered Certified Accountants which 15 one of the listed Ix>dies. I have completed my examination, I confrm that Jo material Matte￿ have come to my attention in connection with the examination giving me cause to believe that in any matertal respect.. (i) {2) (3) accounting records were not kept as required by section 130 of thc Act. or tbe account8 do not accord with those rccords,. or the accounts do not comply with the f4pplicable requirements concerning the form and content of accounts sct out in the Charities (Accounts and Re￿rts) Regulation5 2008 other than any reouirement that the accounts give a true and fair view which is not a matter considered as a part of an independent exarnination. I have no concems and have come acrosg no other matters in connection with the examination t(} which attentlon 8hould be drawn in thi5 r¢Fxirt to cnable a proper understanding oftbc acwuntS to be reached. IAN W SHIPLEY FCCA FOR AND ON BEHALb 0> PRENfIs & CO LLP CHARIERED ACCOUNTAN'rs & INDEPENDENT EXAMINBRS 115c Milton Road Cgmbridge CB4 IXB 2oZS FACT COMMUNITY TRANSPORT PAGE 6 FINANCIAL STATEMBNTS FOR THE YEAR ENDED 3 1ST MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES R¢stricl¢d UnrestrÈGted Funds Funds 31st 31st M￿ch March 2024 2024 Total Funds 31st Mar¢h 2024 R¢striGt¢d Unrestricted Funds Funds 31st 31st March March 2023 2023 Fund8 31st March 2023 Notes INCOME AND ENDOWMENTS: Donations and legacies Charit&bl¢ a¢tivities Other income 4,691 592,895 8,000 4,691 657,720 23,000 6.608 451,357 6,608 529,147 64,825 15,000 77,790 TOTAL INCONIE 79,825 605,586 685,411 77,790 457,965 535,755 EXPENDITURE.. Charitable ￿tiVitIeS 98,537 666,060 764,597 31,316 643,503 674,819 NET INCOME FOR THE YL4R Net rnovement in funds (18,712) (60,474) (79,186) 46,474 (185,538) (139,064) Fund balances at 1st April 133,487 992,734 1,126,221 87,013 1,178,272 1,265285 Fund balatwel at 31st March 17 114,775 932,260 1.047,035 133,487 992,734 1,126,221 11]e Statcment of Financial Activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities. FAcf COMMUNITY TRANSPORT PAGE 7 FINANCIAL sTATEm￿s POR THE YEAR BNDBD 3lgt IVIARCH 2024 BALANCE SHEET 3181 March 21y24 31st Morcli 2023 Notey FIXED ASSETS TanBible as8Ets io 856.780 886,348 CUR]iENT ASSETS Debtors C86h at bank and ID haAd Ll 120,675 95,022 188.Q5 221.81MI 283,657 Crcditors.. ￿OUnts fallin8 due wlihin onc ￿ar 12 Pl,545) (43,784) NET CURRENfASSETS 190.2SS 9,873 Total Hss#t8 less cury¢nt liabilitie5 1,047,033 1.126.221 INCOME FUNDS Unr¢stri¢ted funds Restrkcted funds 17 931260 114,775 992,734 133,487 1,126,221 1.047.035 2] -l.Zb2&' Thc finandal ststements wtsre approved by the Tru8l¢e3 on ...,,........., MR G CHRISTY 'rRUSTE13 FACT COMMUNITY TRANSPORT PAGE 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 STATEMENf OF CASH FLOWS 2024 2023 Total Not¢ Net cash used in operatlllg athlt5e5 14 (94,931) (64,140) Casb flows form ittvesllng actlvltles: Pur¢hgs¢ of flxed asset5 Sale of fixed assets (579) 8,000 83 Net cash provided by Investlng actlvliles 7,421 83 Chan8¢ in and cash equiva]ents in the y¢ Cash and cash equivalents at the beginning of the reporting periiwj Cash and cash cquivalents at the end of the reportin8 year (87,510) (64,057) 188,635 252,692 101,125 188,635 FACT COMMUNITY TRANSPORT PAGE 9 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 NOTES TO TTrtE FINANCIAL STATEMENTS ACCOUNf]NG POLICIES CHARITY INFORMATION FAcf Community Transport is a charit&ble in¢oryx)rated organisation r¢gistered with tl]e Clwity Cornmission on 28th March 2013. ACCOUNf]NG CONVENTION The financial statements have been prepared in accordance with the charity's goveming documenl the Ch&rities Act 2011 and 'A￿ount1rtg and Reporting by Charities.. Stat¢ment of Reconmiended Practice applic&ble to charities preparing their accounts in accordance with the Financla] Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102) (effeGttve 1st January 2019)" The Charity is a Public Benefit Entity as defined by FRS 102, The financial staternents are prepared in sterlingy which is the functional currency of tbe charity. Monetary amounts in these financi&l 5tatement5 are rounded to the I￿reSt £. The f￿ancIal statements have been prepared under the historical cost convention, Modified to include the revaluation of freehold PToperti¢s and to inGlude investment PTOP¢rties and cert&iD finanGial instruments at fair valuc. Thc principal accounting policies adopted are set out below. GOING CONCERN The financial statements have been prep&red on a going concern basis, The activit1¢5 of a530riated barities were merged at the ￿gInnIng of the last financial period and proved to ￿ financially beneficial. Note 19 refers to a contingent liability. The trustees consider the crystallisation of this'liability as It currently stands a remote possibility. If it did crystallise whilst it would impact on tbe operation of the charity, the trustees at th¢ date of signing consider the charity would remain a going concem. CHARITABLE liUNDS Unrestricted funds are available for use at the discretion uf the trustees in furtberance of their tharit&bl¢ objectives. liesLrithd funds are subject to specific conditions by donors, as to how thcy may be used. The purposes and uses of the restricted fi￿dS are set out in the notes to the financia] staternents. Endowments ftmds are subject to specific conditions by donors thai the capital must be m&intaingd by the harity. INCOMB Income is recogniscd when the charity is leg￿lY entitled to it after any perfonnan¢e Conditions have been met, the amounts can bc rneasur￿ rcliably, and it 15 probable that income will be reGoiv¢d. Casb donations ar¢ rwognised on receipt. Other donations are rccognlsed oncc thc charily has been notified of the donation, unless performance conditions require defenl of the amount, Income tax recoverable in relation ts) d(>nation5 received under Gift Aid or decds of covcnant is recognised at the time of thc donation. LeEacies are rccogni8ed on receipt or otherwise if the charity has been notified of an impending distribution, the &mount 15 known, and r¥L¥iPt is ¢xpeLtted, If the amow]t is not know￿ the legacy is trEated as a contingent asset. FACT COMMUNITY TRANSPORT PAGE 10 FtNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST NL4RCH 2024 NOTES TO THE F￿ANCIAL STATEMEWfS EXPENDITURE Policy for ￿OgnItiOn of ligbilities is as soon as there is a legal or consttvctive obligation c<>mmittinB the charity to eXr￿dItUrC. Recognltion of the costs of generating funds is on an accrua]s b&si8, exdudin8 VAT. Charitable expenditure comprises those costs incurred by the d)arity in the delivery of its activities and services for its beneficiaries. Governance costs include those costs associated with Meeting the consLitutional and st74tutory requiTements of the Gharity and included audit fee5 and costs linkcd to th¢ strategic tijanagement of the charity. TANGIBLE FIXED ASSETS Tangible r￿ed assets are Inltlally measured at cost and sub8equently m¢asured at cost or valuation, net of depreciation and any imp&irn]ent losses. Those individually costing £1,000 or more are capitalised at cost. Depreciation is recognised so as to write off the cost or valuation of assets less their residual value5 ovcr tb¢ir useful lives on the follomqng bases.. Plant and cquiprnent Fixtures and fittings Cornputer equipment Motor vehicles Land and builrlirAgs 25% reduGing balan¢¢ 250A reducing balance 33¥0 reducing balance 30% reducing balance 2% reducing balance (Land 18 not depreciated) Thc gain or loss arising on the disposal of ao asset is detem]ined as the difference between th¢ sal¢ procccds and the Cdrrying value of the asseL and is recognised in net ineome/(expenditure) for the period. IMPAIRMENT OF FIXED ASSETS At each reportin8 cnd dale, tbc churity revi#ws the Larrying arnowits uf its tsn8ibl¥ assets to detcrmine whether there is any indication th&t those assets, have sulfered an impaimient loss. If any such indication ¢Xi5ts, thc rccoverablc am(Junt of the ￿￿¢t is estimEEt¢d in order to deterrnine the extent of th¢ impairnient loss (if any). CASH AND CASH EQUIVALENTS C4sb and rash ¢quivalents include cash in hand, de￿81t8 held call with bank5, other short-term liqutd investments with original maturities of three n￿nthS or less, and bank ov¢rdrafts. Bth overdrdfts are shown within bO￿owing5 tn Gurrent liabiliti¢s. FINANCIAL INSTRUMENTS e charity has elected to apply the provisions of Section I I 'Basic Financial Instrnments, and Section 12 Other liinanLial Instruments Issues, of FRS 102 to a]1 its financial instrument5. Finan¢ia] inslrnments are reLognis¢d in the tharity's balance sbeet when the Gharity becornes paty to thc contractua] provision of the instrLllnent. Fin8n¢ia] assets and liabilitics are offset, with the net amounts presented in the financial statemcnts, when there is a legally enforceable right to set off the reLogDised &mount5 twd there is an intentlon to scttlc on a net basis or to realise the asset and settle thr liability simultEll]eou81y. FAcf COMNIUNITY TRANSPORT PA(3E 11 FINANCL4L sTATE1￿￿s FOR THE YEAR ENDED 3 1ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS BASIC FINANCJAL ASSETS Basic fInancial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaGtiI)n costs and arc subsequently carried at an)ortised cost using the cffcthive interest method unless th¢ arrangement constitutes a financing transaction, wh¢r¢ the transaction 15 measured at the present value of the ￿tUre recclpts dixcounted at a rnarket rate of illterest. Financial assets classified a5 rcttivable within one year arc not amortised, BASIC FINANCIAL LJABILITIES Basic flnancial liabllities, includitvd credltors and bank loans are initially recogniscd at transaction prAce unless the arrangement constituics a flnancing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabillties classified as payable within onc year arc not amortised. Debt instruments arc subsequently carried at arnortised costs, using the effective interest rate rncthod. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable 4re Glassifi¢d ￿ current liabilities if paym¢nt is thjc wlthin one year or less. If not, they are presented as non-current liabilities. Trade creditors are Tecognised initially at transaction priGe and subscquently measured at amortised cost using thg effectiv¢ interest m¢thod. DERECOGNITION OF FINANCIAL LIABILITIBS Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or Iled. i.io. EMPLOYEE BENEFITS The cost of any unused holiday enÉitlement is recognised in the period in which the employee's Services are received. Terminatton b¢nefits are recO￿lSed immediately as an expense when the charity is dcmonstrably C4)mmitted to tern]inate the employment of an employee or to provide ternlination benefits. i.ii. RETIREMENT BENEFfFS Paymcnts to defingd contribution retirement benefit s¢h¢mes are charged as an expense as they fall thje. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the Charity's accounting polici¢s, the trustees are required to make judg¢rn¢nts, estimatc8 and assumptions about the Larrying amount of aysets and liabilities that are not readily apparent from other sources. The cstimatcs Lind &tssocial¥d Js5umptions ILre based on his'torical experience and other factors that are considcrcd to be rclcvallt. Actual results may differ from these estimates. The estitnate5 and underlying asyumption8 arc revtEwed on an ongoing basis. Revisions to accounting gtimates are recognised in the period in which the estimate is r¢vised where th¢ revision affects only that period, or in the p¢riod of th¢ revision and ￿tUre periods whcrc the rcyision affeLts both L￿rrent and future periods. DONA'fIoNS AND LEGACIES Restricted Unrestricted Funds Funds 2024 2024 Total Restricted Unrestricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 DonaÉions and gifts 4,691 4,691 6,608 6,608 FACT COMMUNITY TIL4NSPORT PAGE 12 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENrs CHARITABLE ACTIVITIES Restricted Unrestricted Funds Funas 2024 2024 Total RestriGt¢d Unrestricted Funds Funds Fund8 2024 2023 2023 Total Funds 2023 Commulllty Transport Community Hub 592,893 592,895 64,825 3,375 74,415 451,357 454,732 74,415 64,825 64,825 592,895 657.720 77,790 451.357 529.147 OTHER INCOME Restricted Unrestricted Funds Funds 2024 2024 Total Restrided UntEstricted Fwids Funds Funds 2024 2023 2023 Total Funds 2023 Proceeds on disposal of motor vehicles Care Together Seed Funding 8,000 8.000 15,000 15,000 15,000 8,000 23,000 cHA￿TABLE ACTIVITIES R¢striGted Unr¢strict¢d Funds Funds 2024 2024 Totsl Restricted Unrestricted Funds Fund5 Funds 2024 2023 2023 Tot&1 Funds 2023 Donations (to Ukraine) Staff costs Dcpreciation and impairment Loss on dispo&al of tangible fixed assct Vehicle hir Vehiclc running Losts Community Hub Imd depreLiation of Hub a8s¢ty 204 34,656 204 . 407,940 28,846 373,284 28,846 3,735 306,038 37.141 309,773 37,141 1.455 132,213 111.936 1.455 132,213 111.936 i 1.000 24,555 115,844 97,687 126,844 122,242 28,122 28,122 27.581 27.581 98,537 615,661 29,649 20,750 714,198 29,649 20,750 31,316 588,783 35,545 19,175 620,099 35,545 19,175 Share of support costs (nute 7) Share of govcrnanL¢ Losts (notc 7) 98,537 666,060 764,597 31,316 643.503 674,819 FACf COMMUNITY TRANSPORT PAGE 13 FINANCIAL STATEMETifs FOR THE YEAR ENDED 31ST MARCH 2024 NOTES TO THB FINANCIAL STATEMENTS SUPPORT COSTS sUPF￿ (jovernance Costs Costs Totsl 2024 Support Governance Costs Costs Total 2023 Rent Rates Light, heat and power IFJsuraDce Repai￿ and renewals Telephone &nd fax Computer software and maintenance Printing, postage and stationery s￿dry expense8 Bank charges Advertksing and subscription8 AccountanGy Legal and professional 520 2,467 5,127 3,847 1,648 1,280 3,258 5,850 3,645 1,583 424 520 2,467 5,127 3,847 1,648 1,280 3,258 5,850 3.645 1.583 424 14,790 5.960 520 2,464 6,274 6,776 2,211 3,814 3,072 4,852 1,955 1,778 1,829 520 2,464 6.274 6.776 2.211 3,814 3,072 4,852 1,955 1,778 1,829 13,894 5,281 14,790 5,960 11,S94 5,281 29,649 20,750 50,399 35.545 19,175 54,720 TRUSTEES None of the trnstees (or an persons comiected with them) received any rernuneration or benefits from tbe barity during the period. EMPLOYEES Year Year ended ended 31st March 3 1st Marth 2024 2023 29 24 Number of employees Tbe average monthly number of cmploycE8 durin8 the period was.. Employment costs 2024 2023 Wuge5 aDd salaries SoLial security costs Pension contributions Other staff LX)Sts 385.986 15,198 4.484 2,272 295,872 10,783 3,040 78 407,940 309,773 No employees had ernolumvnts in exce55 of £60,000 (2023,. none) io. TANGIBLE FIXED ASSETS CURRENT YEAR Land and Plant and Fixtures and Computer Motor Buildings Equipment Fitting5 Equipmcnt Vehicles Total COST At 1st April 2023 Additions 855.000 22,988 16202 4,545 579 150,179 1.048,914 579 At 31 March 2024 855,000 22,988 16,202 5,124 150,179 1,049,493 DEPRECIATION At 1st April 2023 Charsc 34,241 10.805 19,060 982 9,366 1,709 4,162 317 95,737 16.334 162,566 30,147 At 3 1st March 2024 45,046 20,042 11,075 4,479 112,071 192,713 NET BOOK VALUE At 3 1st March 2024 809,954 2,946 5,127 645 38,108 856,780 FAcf COMMUNITY TRANSPORT PAGE 14 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 NOTES TO THE FINANC]AL STATEMEwrs io. TANGIBLE FIXED ASSETS PRIOR YEAR COST At 1st April 2022 Disposals Plant and Fixtures and Computcr Motor Buildings Equipment Fiitings Equipment Vehicles Total 855.000 22,988 16,202 4,545 169,679 1,068,414 (19,500) (19,5(K)) At 31 MarGh 2023 855,000 22.988 16202 4,545 150,179 1.048,914 DEPRECIATION At 1st April 2022 Charge Disposals At 3 1st March 2023 22,802 11,439 17,751 1,309 7,088 2,278 3,974 188 90,148 141,763 23,551 38,765 (17,962) 117,962) 34,241 19,060 9,366 4,162 95,737 162,566 NET BOOK VALUE At 31st March 2023 820,759 3,928 6.836 383 54,442 886,348 ii. DEBTORS Arnounts falling due within year Trade debtors VAT account Prepayments and accrued income 2024 2023 64,012 7,565 49,098 41,970 7,595 45,457 120,675 95,022 12. CREDrroRS.. Amounts falling due within one year Trade ￿editOrS Other taxalion and social security Other creditors Accruals and deferred income 2024 2023 17,094 7.266 3,285 3,900 32,030 5,340 2,514 3,900 31,545 43,784 13. RELATJID PARTY TRANSAcfioN TNstec reimburscm¢nts for charitabl¢ expenditure of £9,871 were paid during the financial period {£7,260 '. 2023), 14. RECONCILIATION OF INCOMING RESOURCES TO NET CASH FLOW FROM OPERA'fiN(3 ACTIVI'IIES 2024 2023 Net movement in funds Adjustments for: DepreLidtion and (profit)/loss on disposal (Increase)iaeGr¢a8e in debtors IncTeasel(decrease) in creditor8 (79,186) (139,064) 22,147 (25,653) {12,239) 40,220 19,466 15,238 (94,931) {64,140) FACT COMMUNrrY TRANSPORT PAGE 15 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCFI 2024 NOTES TO THE FINANCIAL STATEMENTS 15, OPERATING LEASE COMMrrMENTS 2024 2023 The following operating Iwe paym¢nts are committed to be paid: Total firtur¢ comrnitoients 87,976 205,277 These r¢l8te to tb¢ leas¢ Lxmllwtted to on 4 January 2021, 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS YEAR TO 31ST MARCH 2024 Restrithd Unrestricted Funds Funds 2024 2024 Total Funds 2024 Fixed asscts CutteJt assets Crcditors due within one year 3,590 853,190 856,780 113,063 108,737 221.800 (1,878) (29,667) (31,545) 114,775 932,260 1,047,035 Restrithd UDr¢3triGted Funds Funds 2023 2023 Tot&1 Funds 2023 YEAR TO 3 1ST MARCH 2023 Fixed ￿￿et8 CuThent assets Crditors due within one year 7,624 878,724 886,348 127,741 155,916 283,657 {1,878) (41,906) (43,784) 133,487 992,734 1,126,221 17. STATEMENT or FUNDS YEAR ENDED 31ST MARCH 2024 Unrestricted funds GenoTal Fund5 - all fun(Ls Brought FonvaTd Carried Exp¢nditur¢ Forward Income 992,734 605,586 {666,060) 932,260 Restricted ￿ndS Community Hub Shuttle se￿ICe8 Ukrdine donations Cldrion Nation2tl Lottery Cambridg¢ County Council (Carc Together Seed Funding) Totsl restricted funds 62,903 50,472 2(M 14,205 5,703 64,825 (64,435) (19,385) (204) (14,205) 63,293 31,087 5,703 14.692 15,000 (308) 133,487 79,825 (98,537) 114,775 Total funds 1,126.221 685,411 (764.597) 1,047,035 Brought Forward Carried Expenditure Forward YEAII ENDED 3 1ST MARCH 2023 Unrestricted fimds Gene￿] Funds . all fjmds Income 1,178,272 457,965 (643,503) 992,734 Re8tri¢ted funds Community Hub Shuttlc Service8 UkTaine donations Clarion National tA)ttery Klckstart 36,337 50,472 204 52,055 (25,489) 62,903 50,472 204 14.205 5,703 16,000 6,000 3,735 77,790 (1,795) (297) (3,735) (31,316) Total restricted fvnds 87,013 133,487 Tota] fiinds 1265,285 535,755 (674,819) 1,126,221 FAcf COMMUNITY TIL4NSPORT PA(3E 16 FINANCLIL STATEMENfs FOR THE YEAR ENDED 3 1ST MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS STATEMENT OF FUNDS (CONTfNUED.....,..,.,,., sHurrLE SBRVICES This funding has been provided for the providing of shuttle services between destinations in loca] are￿. This initially funded by the Chatteris Town Ci)utLCiI. UKRAINE DONATIONS This fund was set up for don&tions for the people of Ukraine. COMMUNITY HUB, CLABJON AND NATIONAL LOTTERY These grants were contributing to our various warm spaces and community hub5> providing much needed daytime shelter and social environment to eldcrly, lonely and disadvantaged local residents. 18. CONTfNGENT LIABILITY There is & remote possibility that a ￿tential liability incurred by a predecessor owisation may be attributsble to FACT Community TransporL This is in connection with funding received po&sibly breaching state aid rules. There 15 considerable uncertainty as to the amount involved and the legal ba518 for the liabillty and therefore no provisto has been included in the fll)ancial statements at the date of signing.