RECISTERED COMPANY NUMBER: CEI 0001338 (Engllllld WAl¢$) RECISTERED CHARITY NUMBER: 1155845 Report of the Trustees And Unaudited FInnCl1 Statements for the Y¢Ar Ended 31 March 2025 for Tenbury Transport Trust Streets Dyke Rus¢oe Ltd 110 Corv¢ Str¢et Liidlow SHROPSHtRE SY8 IDJ
Tenbury Trall5PQrt Trust Contenls of the Financial Statemellts for the Year lllded JA March 2025 Page Report of the Tru$tee5 Independent Ex4rniner's Report Statement of Flllanclal Aetlvitles Balance Sheet 6 to 7 Notes to tht.Finan¢lal Statem¢lltS 8 to 15
Tenbllry Transport Trust Report of the Trustees lor the Year Ended 31 March 2025 The trustees who al'e also director5 of the charity tor th¢ purpos¢s of th¢ Compatties Act. 2006, pres¢nt their report with the financial 5tat¢ment$ of the charity for the year ended 31 hlarch 2025. Th¢ tru,9t¢¢s have adopted the provisions of A¢Goullting and Reporting by Cliarities: Stat¢in¢nt of Recommended Prdctice applicable to charities pr¢paring their accounts in &G¢ordance with the Financial Reporting Standard applic(Ible in the UK and Republic of Ireland (FRS 102) (¢ffective l January 2019). OBJECTIITS AfiD ACTIVITIES Obje¢tiv¢s and aim8 The purpose of th¢ Trust is to provide trallSPOrt facilities in Tenbury alld its surroiinding area for anyone whu does not have access to adequate ot appropriate transport. Signifieant actlvitles The Trust provides two levels of service, One is the car service which RS designed to take p¢ople of all ages who nY have special needs or rnobility impainnents and who would otherwis¢ fLt]d it dithcult or imposi¥ibl¢ to a¢¢¢ss other forms of transport for m¢di¢al appointments, shopping or other social occasions and the oth¢r is a njral bus setvice, currently operatitig ov¢r four i'outes to bring people into Tettbury or take them to the local towis of Ludlow, Leominster, Hereford alld Malvorn. We also fundraiqe at local events. In April 2023 the trust pur¢ha5ed a wheelchair arcessible vehicle, affectionately known as 'The Wav,. This is a Ford Tourlleo ConneGt 5 s¢4ter vehicle with a wbeelchair ramp in the rear. Il is easy io use and bas become a ndamental part of our fleet. The Wav is a proving to be popiilar with our clients, who would otherwise be unable to venture out of their homes. Publlc bellellt The tsteeS have had regard to the arity Conllnission's guidallce oll public beneflt and provid¢ transport facJities for people without adeqtlate or &ppropriate transport. This enables people to have all OPPOrtullity to attend medical appointments, go shopping and to attend other so¢ial engagements. Volunt¢¢rs The n]ajority of the Tru8Vs workforee are volunteer car drivers and mini-bus drivers, FINANCIAL REVIEW Finallcial position The Trust has always operated car¢ful fiscal management. The Trust has seen a signi'ficant increase in the niimber of clients who ne¢d to use our services. The Trust has many supporters in tlie area and during 2024125 the Trust was fortunate in that it continued to be supported by donations. All of whiLh have enabled the Triist to maintain its financial operating position. The Tnist has hugely increased its Gli¢nt base having invested in SOCI media and advertising and up.aded our IT systems to m&ke mor¢ and better use of our infrastruoture. We have retained our School Contract and developed working partnerships with local care providers to enable us to mailltatn and grow our operation for the foreseeabl¢ ftittwe. The Tnist now has a Facebook page and a new website. In the year ended 31 March 2025 tot&1 inGome amounted to £84,619 (2024.. £79.888). £92,350 (2024., £96.221) was used to defray expenses. At the start of th¢ period total fiwds brought forward were £101208 (2024:£117,541). At the elld of the period tbis had faIlen to £93,477 (2024.. fallen to £IO1,208). Reseryes policy It is our policy to carry a reserve of £45,000, to be able to contillue operating tbe charity with no income fr>r & 3 month peTiod including in the event of needing to replace a vehiGIe, STRucfuRE, GOVERNANCE AND MANAGEMEI NT Governing document The ¢h&r¢ly is controlled by its governing do¢um¢uÈ, a d¢¢d of trust, and constitutes a limited cornpany, limited by guarantee, as defed by th¢ Compallies Act 2006. Pag¢ I
T¢nbury Transport Trust Report. orthe Trustees for the Yellr Ended 31 MArch 2025 Th¢ charity is controlled by its gov¢rning dociitnellt, a deed of trust, and ConstiteS a limited company, limited by guar&Jtee, defLned by the Companies Act 2006. Tenbury Trklnsport has beell iti operation since the l&te 1990's becoinillg a charity in 2014. It is governed by 115 Constitution adopted in 2014 and developed hriber in 2020 to reflect the changes required of its m#llag¢ment strLlCtiir¢. It remains however. a Charitable Inwrporated OrganisatLOn. Reeruitment and appointment of new trnstees Triistees are appointed or re-appointed at]nually at the at]nual general meeting. Organisational structure There is a tearn of five triistees, one of whom is the Chair, with a requirement for two new trustees. Their role is lo overgee the nwlageinent and direction of the TrLlSt and three fAiJmtnistraliv¢ offiGcrs whose role is to rnage the day to day ninning of th¢ OTganisation assisted by part time volunteers. The TIlt has a sei'ies of policies illcluding GDPR, safeguarding and healtb and safety and is currently r¢vi¢wing the status of its DBS holders. The Trn5t ha5 now introdiiGed consultant. DBS checlcs are carried out betore en)ployment of all staff involved with the Tru8t irrespective of the role they hold in t&e Tnist and these are re-checked every three years. The details of two refer¢es are r¢quired b¥fore the rol¢ is confirmed. rhe Trw8t has upgraded its identification badges to inGlud¢ a pioture, name and the date of DBS reThewal to support its approach to safeguarding. Th¢ Trust is part of the WoT¢¢Stershire C.ommut]ity Transport Consortium which links all community transport operators along with a repsentatiVe Df Worcestershire County Council. Th¢ TrLlSt also has links witll Malv¢rn 14ills District Couu¢il and the local Town Council as well as forging partnerships with members of the local care community. concli10tt 20241202.5 brought with it many challenges but throughout the Trust has continued to move forward. supporting the lo¢ ¢ou]munity and consistelltly maintaining its reputation for providing a high level of service. The Trust is exceptionally lu¢l(y with its drivers, otYi¢¢ staff, volunteers and Éru3É¢e5 who work tirelessly to deliver the service und maintsin oiir ¢xcellent reputation. Wtthoiit tb¢ir dodication the Trust would not exist and l am gratefLLI for the time and effort they have given which has enabled the Trust to continue to offer such high standards of service over many years. REFEREIYCE AND ADMINISTKITIVE DETAILS Registered Company number CE00083 8 (England alid Wales) Registered CILarity nunlber 1155845 Registered office 34 Teme Street Tenbury W¢lls Worcestershire WR15 8AA Trustees W Wbite B C Roberts L Taylor E K Padwiclc L Rickett Page 2
Tellbury Trausport Trust Report of the Ti'ustees for the Yenr Ended 31 March 2025 REFEIIENCE ADID ADMINISTRATtVE DEI TAILS Independent ExAminer Streets Dyke Ruscoe Ltd I l O Corve Street Ludlow SHROPSHtRE SY8 IDJ Approved by order of the board of trustees on I l Aiigust 2025 alld signed on its beba]f by: E)T Icr L Taylor- Trustee Page 3
Independellt ExuDJiner'8 Report to the Trustees of 'renbury Transport Trust Indepelldent exAminer's report to the trustees of Tenbury Transport Trust ('th¢ Company'} I report to tlie charity trustees on my exatnillatloll of th¢ &ccoiints of the Company for the yeai. ended 31 March 2025. ResPOtLsibilities and basis of report As the ch&rity's triistees of the Company (d also its directors for the purposes of coinpany law) yoii are responsible for the preparation of the accounts in ac¢ordan¢e with the requirements of th¢ Compallies Act 2006 Cthe 2006 Act,). Having satisfied nyself that the a¢counts of the Company are not required lo be audited under Part 16 of the 2006 Act and atr eligible for independent examination, I r¢port ill r¢spe¢t of my examination of your charity's aount5 &5 carried out under S¢ction 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my eXainatIon I bav¢ followed the Dir¢¢tions given by the Charity Con]mission under Section 145(5) (b) of the 201 l Act. Independent exarniner's statement I have Completed my exarnination. I confrn that no matters have come lo my attenl'ion in connection the examination giving me cause to believe.. accounting records were not kept in respect of the Compally as required by Seclion 386 of tb¢ 2006 A¢t' or the accounts do nol accord with those re¢ords', or the accoiints do not comply with the accounting requirements of S¢¢tion 396 of the 2006 Act otker than any requirement that tlke accounts gtve R triie and fair view which is not a ntter co1ldered as part of an indendellt ex&mLnation' or the accounts have not been prepared in accordance with Ilie methods principles of the Stst¢m¢tJt of Recomtnended Practice for accoiinting and reporting by charities (applirable to charities prepdf5ng their accoiillts in accordance with the Finan¢ial Reporting Stalldard appli¢able in the UK and Republic of Ircland (FRS 102)). I have no conGerns and have coine arross no tstkner matter5 ill connection with th¢ examination to which attention skLould be drawll in this report in order to enable a proper understanding of the accounts to be reacbed. B E Prime Streets Dyke Ru5Goe Ltd 110 Corve Str¢¢t Ludlow SHROPSHll SY8 IDJ Date:,.., Page 4
Tenbury Trllnsport Trust Statement of Financial Activilies for the Year Li nded 31 MArch 2025 2025 uestrIcted fijnd 2024 Total nds Notes INCOME AND ENDOWMENfs Pi ROM DonalAons and l¢gacies 23,371 16,918 Charitsble activities Community transport 59,143 61,3Q8 Other trading activities Investment in¢onJe Other in¢om# 669 840 596 24 809 829 Total 84,619 79,888 EXPENDITURE ON Ch2rlt#ble Activities Conynunity transport 92.350 96.221 NET TNCOME/(EXPENDITURE) (7,731) (16,333) RECONCJLIATION OF FUNDS Total funds brought forward 101,208 117,541 TOTAL FUNDS CARIUEI D FORWARD 93,477 LOI.208 The notes forni part of these financial statementq Page 5
Tenbuyy Tr%nsport Trust Balance Sheet 31 March 2025 2025 Unrestri¢ted fund 2024 Total funds Notes FIXED ASSETS Tangible assets 12 30,357 35,981 CURRELYT ASSETS Debtors Prep&wients and aGrrued income Cash at bank and in hand 13 3,395 4,228 59,054 1,203 3,981 67,923 66,677 73,107 CREDITORS Amounts falling due withill oiie year 14 {1,138) (5,747) NET CURRENT ASSEI TS 65,539 67,360 TOTAL ASSETS LESS CiIRREiYr LIABILrriES 95,896 103,341 ACCRUALS AND DEFERRED INCOM 15 (2,419) (2,133) TT ASSETS 93,477 101,208 FIJNDS Unrestrtcted funds 16 93,477 101,208 TOTAL FiQYDS 93,477 101,208 'rbe Gharitable rompany is entitled to exemption from &udit under SectioTh 477 of the Companies Act. 2006 for the year ended 31 March 2025. The rnernbe have not required the company try obtain an &udit of its financial srtatements for the y¢aL ettded 31 March 2025 in accordance with Section 476 of the companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the rlwitable Gompally keeps accounting records that L'omply Section5 3 86 and 387 ot the Companie5 Act 2006 and preparing finall¢ial statements which give a true and tair view of the state of aff&irs of the charitable CopanY as at the end of each financial year and of its surplus or deficit for each fin¢(&[ year in aGGordanc¢ wilb the requirements of Sections 394 and 395 and Nthich otheNise comply with the requirements of the Companies Act 2006 relating to financial stateellts, so far as applicable to the Clritable COpanY. (b) The notes form part of these financial statements Page 6 ontinu¢d...
Tenbury Transport Trust BalAll¢e Sheet - continued 31 March 202S These financial statements have been prepared in awordance with the provisions applicable trj charitable companies subject to th¢ small compallies regim¢, The fjtLancial statements w¢r¢ approved by the Board of I'rustees alld authorised for issue on I l August 2025 and were signed on its bebalf by.. rav L Taylor- Ti'ustee The notes forni parl of these financial statemellts Page 7
Tenbury Transport Trugt Notes to tb¢ Financlal Statements for the Yer Ended 31 M4?rch 2025 AccouTrrrING POLICIES Basi3 of preparing the finaTreial statemerttg The fInancial statem¢llts of th¢ ¢haritabl¢ company. which is a piibli¢ benefit entity LLnder FRS 102, have been prepared in accordance the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing their a¢¢ounts in accord¢¢ with the Financial Reporting Standard applicable iii the UK and Republi¢ of Ireland (FRS 102) {effe¢tive l January 2019),, Financial Reporting Standard 102 rhe FtnanGial Reporting Standard applicable in tkne iiK èmd Repiiblftc of Ireland, alld tb¢ Coinpalli¢S Act 2006, Tb¢ f(nan¢ial stat¢m¢nts hay¢ been prepared under the Iiistorical cost collventLOn. Income All income is reeognised in the Statement of Financial Activities once the charity has entitlement to tbe nds, it is probable that the income will be received and the amount can be measured reliably. Exp¢ndlturt LA*b(litieg are r¢¢ognised as expenditure as soon as there is a legal or constructive obligation comrnitting the charily to tlnt expendtture. it is probable that a trat]sfer of economic benefits will be required in settlernent and the amount of the obligation can be measured reliably. Expenditure is accounted for on all aGGrnals basis alld Eas beell Gla5sifi¢d under heading5 Ihat aggr¢gate all Cost r¢lat¢d to the c&tegory. Where costs cannot be directly attributed to particillar beadings they have been allocat¢d to tivitieS on a basis ¢ot)sistent with the use of resournes. Tangible fixèd assets Depreciation is provided at the following annual rates in order to write off each asset over its ¢stimat¢d usefiil life. Plant and n(hin? Fixtures and fittings Motor vehicles Computer equipment 20 % on ci)st 150/0 on reducing balance 15 1 on redllcing balance 3301¢ on cost TatIOn The charity LS exempt from cory>or&tion tax on its chatitable tIvItIes. Fund aceourAtiThg Unrestricted ndS can be used in accord]Ce with the Charitable objectives at the discretion of the trustees. Restricted funds can only be led for partivular restricted purposes within the objeGts of the Gharity. Restrictions arise wh¢n sperified by the donor or when fiLnd5 are raised for p&rti¢ular restricted purposes. Fiwther explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Renlals paid under operatt'ng leases are oharged to the Statement of Financial A¢tivities on a straight line basis over the period of the lease. Pen$lon ¢ostS gud other post-retirement benefits The ohltable company operates a defined ¢ontrÉbulion pension s¢heme. Contributions payable to the charitable ompanys pension scheme ar¢ ¢harged to the SÉ&tement of Fin¢la1 Activities in the period to wbich they relate. Debtors Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount. Bank and cAsh in hand Cash at bank and in hand is held to meet th¢ day to day running Gosts of the charity as they fall due. Cash equivalents are short term, highly liquid investments, usu&lly in instant access interest bearing savings a¢COLmts. Creditors Pag¢ 8 continued...
T¢nbury TrNnsport Trus* Note5 to the Financlal Stutements - contlnued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Debtors Creditors ar¢ amowits owed by the charlty. They are measw'ed at the amouttt thp¢t ttLe ¢lwity expects to l]ave to pay to settle the debt. DONATIONS ALYD LEGACIES 2025 2024 Donations Grants Membership fees 9267 11,562 2,542 6,260 8,21 E 2,447 23,371 16,918 2025 2024 Pershore & District VolLinteer Centre grant 7,093 7,211 'rumer Trust 4,000 G E Godson Trnst 300 1,000 Bus Service Operators Grant 169 Totsl grants 11,562 9,138 OTHER TRADING ACTlVI'riKs 2025 2024 Fundraising events 669 24 ILYVESTMLFIT INCOME 2025 2024 Deposit aLcouat interest 840 809 Page 9 ontinued...
Tenbury'fransport Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2025 INCOME FROM CHARITABLE ACUVITIES 2025 2024 Activity Community transport Community iransport Community transpoi'l Setvice contract Far¢s Mileage 5,807 37,219 16,LL7 7,032 37.003 17,273 59,143 61,308 OTHER INCOME 2025 2024 Sundry in¢ome 596 829 SUPPORT COSTS Govemance costs Management Finance Totals Community twisport 12 4,484 59,629 The are no costs included witknin siindries in relation to gesknres of goodwill to volunteers. (2024: £0.00). Support Costs, illGlude(E io the above, are as follows.. Management 2025 Cornmunity transport 2024 Total aGtivities Wages Pensions Telephone Postage alld stationery Sundries Computer costs Training Trav¢llillg expenses Depr¢Giatioll of tangibl¢ kL¢ritage assets Loss on sale of tangible fixed assets 41,418 1230 992 326 437 3,762 780 277 5,909 1,033 1,180 719 1,026 3,515 280 6,684 55,133 51,383 Page 10 continued...
Tenbury Tran5poi 'fru8t Notes to the Fin&ncial Statements - continued for the Year Ended 31 MArch 2025 SUPPORT COSTS - continued Finance 2025 Community transport 2024 Total a¢tivities Bank cbarges 12 Governance Costs 2025 Community transport 2024 Total actLVlties Independenl examination fee5 Professional fee5 1,506 2,978 1,151 2,972 4,484 4,123 NET INCOMEI(EXPENDrruRE) Net incomal(exp¢nditur¢) is ststed after cbarwg/(crediting)'. 2025 2024 DepCIatiOn - owncd assets Other operating l¢ases Deflcit on disposal of fLx¢d assets 5,909 3,300 6,684 3,300 TRUSTEES, REMUNERATION AND BENID'ITS There were llo trustees, remiilleration or other benefits for the year end¢d 31 March 2025 llor for the year ended 31 March 2024. Trus.e¢s' expenses There were no knst¢eS' ¢XP¢llses paid for the year ended 31 MarGh 2025 nor for the year ellded 31 lth.h 2024. Expenses were reimbursed to O trustees (2024 . 0 tTU5t¢o) for travel on the charity's busines8. io. STAFF COSTS 2025 2024 W74ges and salaries Other pension costs 41,418 1,230 36,946 1,033 42,648 37,979 Ihe average monthly number of employees during the year was as follows; 2025 2024 Part Ilme staff No employees received emoluments in excess of £60,000. The full time equivalent is estitnated to be 2 (2024 . 2) Page 11 continued...
Tenbury J'ran&port Trnst Notes to Éhe Financial Stlltem¢nts- coThtinu¢d ror the Year Ended 31 March 2025 io. STAFF COSTS- eontlnued The Trust consider5 Its Icey mallagem¢Tht personllel comprise the trustees & the offLce manager. The total employn]¢nt benefits including employer pension contributions of th¢ key management personnel were £15,054 (2024 £13,186). ii. COMPARAIIVES FOR THE STATEMENT OF FINANCL4L ACTIvrrIES Unrestricted fund INCOME AND ENDOMThENfs FROM Donations and legacies 16,918 Charitsble aetivities Community transport 61,308 Other trading. aGtiviti¢s InvesttDent income Other income 24 809 829 Total 79,888 XPLNDITURE ON Chsrlt#ble activities Community transport 96,221 NLT INC0MEI(EXPEND) {16,333) RECONCILIATION OF FUThDS Tot21 fimds brought forward 117,541 TOTAL FUNDS CAIUIIED FORWARD 101,208 P8ge 12 ¢ontinued...
Tellbury Transport Trust Notes to the Fin%ncial Statements - continued for the Year Ended 31 March 2025 12. TANGIBLE ThIXED ASSETS Fixtures and fittings Plant and machillery MotOT v¢hi¢l¢s Compiiler equipment Totals COST At I April 2024 Additions Disposals 471 120 140 46,995 3,315 L67 (222) 50,921 287 (222) At 31 Marct] 2025 591 140 46,995 3,260 50,986 DEPRECIATION At l April 2024 Charge tor year Eliminated on disposal 49 118 54 5,087 13,169 1,668 704 (220) 14,940 5.909 (220) At 31 March 2025 167 5,141 13,169 2,152 20,629 NET BOOK VALUE At 31 March 2025 424 (5,001) 33,826 1,108 30,357 At 31 March 2024 422 86 33,826 1,647 35,981 13. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YII AR 2025 2024 Trade debtors 3,395 1,203 14. CREDITORS: AMOUNTS FALLING DUE WIT.HIN ONE YEAR 2025 2024 Trade creditors 1,138 5,747 15. ACCRUALS AND DEI FERRKD INCOME, 2025 2024 Accruals and deferred income 2,419 2,133 Memb¢rsbip iu¢ome has b¢¢ll def¢rr¢d as this 18 paid on a 12-month rolling basis from joitting. D¢f¢rred inGom¢ for the currentyear £1,220 (2024 £1,172.50). Page 13 conÉinued...
Tenbury Transport 'Trust Notes to the 14inan¢i41 Statements- contlnued for the Year Ended 31 March 2025 16. MOVEMENT IN FUNDS Net movetnent in funds At 3l.3.25 At 1.4.24 Uiirestricted funds General fund 101,208 (7,731) 93,477 TOT.AL FUNDS 101,208 (7,731) 93,477 Net mr)vement in funds, included in the above are as follows: Incotning resources Resources expended Movement in ndS Unrestrlcted funds General fulld 84,619 (92,350) {7,731) TOTAL FUNDS 84.619 (92,350) (7.731) Comparatives for movement in fullds Net movement ill fiinds At 31,3.24 At 1.4.23 Unrestricted funds General fund 117,541 (16,333) LOI,208 TOTAL FUNDS I l7,541 (16,333) 101,208 Comparative net m()v¢ment ill fALnds, included in the above are follows.. Incoming resources Resources expended MoveEnent in fimds Unrestricted funds General fund 79,888 (96,221) (16,333) TOT AL FUNDS 79,888 (96,221) (16,333} Pag¢ 14 continued...
Tenbury Trnnsport Trust Notes to the Financial Statements - continued ror the Year Elided 31 Mai'ch 2025 16. MOVEMENT IN FUNDS - ¢ontinued A ciirrent year 12 months and prior Ye 12 months combined position L5 follow8: Net movement in funds At 31.3.25 At 1,4,23 Unrestricted funds General ftind 117,541 (24,064) 93,477 TOTAL FLTrIDS 117,541 (24,064) 93,477 A Cuent year 12 months and prior year 12 month8 combined net mov¢mellt in funds, included in the above are at> follows.. Incoming resources Resources expended Movement iu fiinds Unrestrieted funds General fund 164,507 (188,571) (24,064) TOTAL FUNDS 164,507 (188,571) {24,064) All funds are held in & General i¢Stri¢tea fund and are availabl¢ to use in accordance with the chitable activiti¢s at the disGr¢tion of the trustees. 17. RF,LATLD PARTh DISCLOSURES There were no related party transactions for the year ended 31 mch 2025. Page 15