REGISTERED COMPANY NUMBER.. 09111066 {England and Wal881 REGISTERED CHARITY NUMBER.. 1159525 ort of thè Trug1089 ind Flnan la for tho Year Ended 31 March 2024 for Incoln Area Dlalarld8 Llmlt d WrSght Vlgar Limited Slalulory Auditors Chartered Accountants & Business Advisers 15 Newland Lincoln Linoolnshire LN1 1XG Llnc nAre Dla rlde Llmlted Conlonts ofthe Financlal Statements for the Year Ended 31 March 2024 Pago Chalrman'8 Report Rgport of the Tru8ts98 R•port of the Indopendont Audltor8 6 to 7 Statomènt of Flnanelal A¢tlvltlè8 B•lanco Shggt Notes to the Flnanclal Statamont8 10 to 16 Llnco n Area Dlalarlde Llmlted Chalrman'8 Re ort forthe Year Ended 31 March 2024 The past year has seen LinGoln Area Dialaride Ltd cOnso￿lda18 the rebuilding of its business following the changes brought ON by the COVI D 19 lockdown. The organisation is continu8lly seeking areas in whith ils 5orvices can be of benefit and is wort(ing with care homes and local Councils to identify transport requlremenls for the lype of cllentele11 Is able to service. With changes in the staffing * being reviewed as deemed necessary to be able to meet the changlng clrcumstances as they arise, Th8 Charity is reliant on support from th8 various local distrlct and county authorities in the areas in which it operat6s and is facing continued reductions in this income as budgets b8cx)me lighter. Fortunately, for the coming year 2023124 our grant providers have commltted to the Grants they are giving whlch has re8ulted in certalnly over the operallons for the coming year. The Charlty continualty reviews Its operations and Cost base, to ensure that it oper8ts9 as effectively and efficiently as possiblo, and this 18 an ongoing theme arnongst all staff and tru5t895. The charity is heavily reliant on voluntser5 to be able to provida the servicgs it undertakes and, liko a lol mor8 charities, Is finding il in¢reasingly more difficult to recruit thes8. This resulted in a fawer number of available drivars thgn the Charity would have liked, and it is an area that attention is belng focused so that W8 Can meèt the demands even durlng volunteer hollday pèrlods. 11 Is also réviewlng the posslbillty of incr8asing staff lev81s to und8rtak8 some of this load. The Charity is still currently without a Suilgble overnight parking location for all of its V8hicles, and this has r8sultgd in the vehicles being housed al volunlegr driv8r8' horn85 and a130 Tesco Supermarket, under CCTV 3urveillance, which ij very much appreciated. The Charlty is only able to operats due to the contlnued dadic81ion of the staff, together with th8 ommilment of, and enlhusi9sm of our volunlegr3, and thanks 8rg 8xpre55ed to them, along with thg Local Councils and Lincolnshire Coop Ltd for their continu8d 8UPPOrt. 7EJ• Brian Haughton Chsirm8n Pagé 1 LSncoln Aroa Dial ridè Llmlted orto h Trusleos f r the Y r Ended 31 March 2024 The truste88 who are also directors of the charity for the purp0885 of the Companies Act 2006, presant Ih8ir report with the financial statements of the charity for th& year ended 31 March 2024, The trLtstees hava adopted the provisions of Accounting and Reporbng by Charitles.. Statement of Recommended PrGlctI￿ applicablg to chariti88 prep8ring Iheir accounts in accordance with the Financi81 Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢tlV8 1 January 2019). OBJECTIVES AND ACTIVITIES ObJoctlve8 and alms Tha Chatity's Alms & Objecllves (as shown In ts Memorandum & Article8 of Assoclalionl, are as follows: 'The charity's objects are 5peciflcalty re8trlctsd to provlding 8 community transport S8rvice for such inhabltants of Lincolnshire who require such a service because of age, sickne55 or disabilty (mèntal or physicall, or pov8rty, or b9cau3e of a lad( of availablllty of adequat6 and safe public passenger sorvicès. Slgnlfl¢ant actlvltlo8 On broader terms, the Charity provldes the following servlc8s'. DlalaRide Se*vice Shopmobility SgNice - Voluntsry Car Servlce DlalaRld• SONIC An accèssible and affordable transport Service that can b8 used by anyone resldent wlthin a slx-mile radlus of the City of Llncoln who finds11 difficult to use other forms of transport due to age andlor 8 disability. Th8 six-rn118 radius 15 extended at times dependant on need and availability of sarvices provided. The seryice has 8 fle6t of highly accesslb18 minibu88$ that ar8 $peciflcally designed to be accessible to thg elderly endlor dlsabled and can carry most types of mobility equipment, Shopmoblllty S•nilce This 5etvicè provides the loan and hlre of mobllity equipm8nt to help anyone with reduced mobillty in gaining acce55 to th8 Shopping precincts 8nd other area& of inter88t within the City of Lincoln, It has a fleet of mobillty gquipm8nt that includes.. Manual Wheelchairs Powered Whgel¢hairs Powered S¢ooter5 Voluntary Car S8rvleo This servic8 compliments and expands upon the cora DialaRide service and can be accessèd by anyone resident wlthin Lincolnshire who finds it difflcult to usa other forrns of transport due to age andlor a disability. It involv&s volunteer8 using their own vehicles and Is more sultsd to those individuals that are not roliant upon mobillly equipment such as powerad whgolch2irs. Addltionally, there 18 a ne￿ork of'nol for profit., Independent schèm6S around Linwlnshir&, to which some individualg may be referred, Publlc bengfft The Public Benefit from the operation of the seNices prowded by Lincoln Areg DialaRide ar8 qulte conslderablp. Those persons disadvantsged by age endlor a disability can malntain thelr Independence and retain a quality of life. 2) Th& relian￿ and therefore financial pressures placed upon Social care can bo r￿UCed as Individuals can remain in their Dwn hornes longar as they have an appropriate Iransport service to &nable them to access other services {su¢h as healthcare). Volunteers Volunleors, for all servicès provided, aTa the mainstay of the Charity and ¢nJ¢ial to its continued succ8ss. It is ther&fpr& Imporaliv9 that the volunteer ba8e is capable of meeting the damands that are placed on the servbce. All volun1è6rs undergo comprehensive Induction & Training and those that may have unsupervised a¢ce55 to children andlor adults at risk are vetted using Ihe Disclosure and Barring Servi(* {DBS). Page 2 Llncoln Arga Dlal rlde Limited Rg ort of the Trust es orthe Year E d 31 March 20 ACHIEVF.MENT AND PERFORMANCE Charltable activitie¥ DlalaRlde SoNico Al the end of the financlal yèar Lincoln Arga Dialaride mainlained 882 indivldual registered users and 11 groups, undertaking a total of 9.729 individual trips and canied 11,302 passengers, including 1,978 passeng6rs using mobility aids, Iravelling a total of just over 61.800 miles. A8 of the 31st March 2024, the Dialaf takg on th8 responsibllitle8 of a Trust68. Organ18atlonal gtructura The charity has a c16ar organlsational Structure with th8 Trust888 taklng ov8rall rg$pon$ibility for itg 8ffeetive, efficient an appropriate management, This Structure is continually reviewed to 8nsure It moets the currènt requirement of the Charity and currently consists of g Msnager, Service & Fleet Manager, 8nd Vehicle Coordlnator, sUPPOrted by oth8r administration slaff and voluntsers with whom which Ihe charity would not be able to operate. Trustees and volunteers a￿ not remunorated 8Part frorn out-ol-pocket 8xp8n8e8 for actual costs incurred. Inductlon and tralnlng of now tNsteeB All new Iruslee8 complete a tralnlng course as per recommendations of the Chority Commission and Companles Hou$9 to ensure that th6y are aware of thelr responslbilitles. New Trustees are also briefed on the day io day workings of the Charity and other relevant matter5, and docum8ntation, lo 8n8ur8 that they acquire a full undér8t8nding of charitie$ operatSons. REFERENCE AND ADMINISTRATIVE DETAIL8 Roglstorgd Company number og111065 (England and Wales) Reglstered Charlty numbgr 1159525 Ro918tered offlco Unit 1 Lincoln Central Car Park Melville st￿et Lincoln LN5 7HW Tru8tegs Mr B Haughton (Chairl Mrs R Surtees IComp8ny Secretary} Mrc Jones Cllr G Howson (City of Lincoln Represont8tivg} Mr G Smith- Appolnted 25.01.2023 Mlss J Knight- Appointed 25.01.2023 Company Secretary R C Surtaes Page 4 Linco nAreaD e Llmltèd ort of tho Tru8lee8 forthe Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS Audllors Wright Vigar Limlt8d Statutory Auditors Chartered Accountants & Buslness Advisers 15 Newland Lincoln LlncDlnshire LN1 1XG Bank Na1￿881 Smiths Bank Branch 225 High Street Lincoln LN2 1AZ STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of Llncoln Area Dialarlde Llmll6d for the purposes of company law) are responslb18 for preparing the Annual Rbport and the financial 81alements in accord8nce with applicabl& law and Unitèd Kingdom Accounting Standards (United Kingdom Generally Awepted Accounting Practice). Company18w requlr83 Ihg trustee3 to prepar8 financial statements for each finan¢lal year whlch give a tru& and fair viow of th& stat8 of affairs of th6 charitable company and of th& incorning r88ourc8s and appllcation of resources, Including th8 income and èxpendlture, of the Charitable company for that perl¢xI. In pr6paring thos& financial statements, the trustees are requlred to select suitable accounting polici88 and then apply them con813tently', obseN8 the methods and prSnciples in the Charity SORP., make judgem$nts and estimates Ihal are r&asonabl8 and prud8nt', prepare the financlal $lalem8nts on thé golng Concern basls unless it is inappropiiale to presume that the charitable company will Continue in bu8ine88. The trustee8 ar8 responsibl6 for keeping proper accountlng records whSch dl8clo8e wtth r8asonab18 accuracy al any timè the flnancial position of the charitsble company and to 8nable them to ansure that the financial ststemenls comply wilh the Companies Aet 2006. They are also respon$lble for safeguarding the assets of the charitable company and hènce for laking rèasonable steps for the prevgntion and detecllon of fraud and other irr8gularitie8. In so far as the trustees are aware,, there is no relevanl audit infomation of whlch the charitable company's audltor3 are unaware., and the trustees have tak@n all sbps that they ought lo have taken tr) make themselves aware of 8ny r818V8nt audit information and lo establish that the auditors are aware of that information. Approved by order of the board of trustees on 18 December 2024 and signed on its bèhalf by.. BGHaug ton - Trustee Page 5 Re ort of the nde enden Lincoln A Audltors to the M mbers of Opinion We have audited the financial statements of Lincoln Area Dialarid& Limit8d (the 'charitable company'l for the year ended 31 March 2024 whlch comprls8 tha Statsment of Financial Activities, th8 Balance Sheet and notes to the financial stst6ments, includSng a summary of significant accDuntlng policies, The financial reporting framework that has been applied in their preparallon 18 applicable law and United Kingdom Accounting Standards {United Klngdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charilabla company's affairs as at 31 March 2024 and of ils Incomlng resourcos and appllcatlon of resources, Including its income and expendlfllre, for th& y8ar then end8d- have boen property prepared in aword8nce with United Kingdom Generally Accepted Accounting Practice,. and have been prepared In accordan¢6 with the requir8ment8 of the Compani8s Act 2006, Ba818 for oplnlon We conducted our audrt In accordance with Intsrnational Standards on Auditing {UK) {ISAs {UK}> and appllcabla law, Our responsibilities under thos8 standards ar6 further describgd in th8 Auditors, rèsponslbililies for thg audit of the financial 5tatsments sedon of our reporL We are independent of tha charitabla company in a¢¢ordance with th6 ethical requlremenls that are relevant to our audit of th6 financlal statements in the UK, including the FRC'S Ethical Standard, and we have fulfi118d our other ethlcal responsibllities in a¢¢ordance wllh thesa réquirèments. W8 believe that the audit avld8n¢e we have obtained 18 sufficient and appropriate to provide a basis for our oplnion, Matorlal uneertalniy rèlatlng to golng concern In auditing the financial statements, we have concluded that the trustees, u88 of th8 90Sng concern basis of a¢counting in the preparatlon of the financial statements i& gppropriata. Based on the work w8 hav8 performed, wè have not identified any matèrial uneértalnt188 ral81ing to events or conditions that, individually or collectively, may cast si9nlflcanl doubt on the charitable company's ability to Con￿nUe as a going oncern for a period of at16ast ￿e1v@ months from when the financial 8tstemenls ath authoiised for issu8. Our responsibilities and the re8pon$ibililie$ of the tru$te8s wlth respect to going concern are descrlbed in the relevant sections of thls raporl. other Informatlon The trustees ar8 r88pon8ibl8 for th8 Other inft)rm8tion, The other information eomprfs85 the Infomiatson included in the Annual R8porL oth8r than th8 flnanclal statsm8nls and our Report of th8 Indépéndent Auditors ther80n. Our opinion on th8 financial slatemanls doas not cover Ihe other inf0ma￿On and, except to th6 axtenl otherwise explSttltly stated in our report, we do not express any fom of 8ssurance concluslon thereon. In Connection with our eudlt of th8 flnanclal statem&nls, our respon81billly is to re8d the other information and, in doing 80, consider whether the other informatlon is matgri811y inconsistent with the financial statements or our knowl8dg8 oblaiiied in the audit or oth8rwi58 gppears to be materially misstated. If we identify such mgterial inconsislencies or apparent material misstatements, we are wqulr6d to detarmin$ whother this gives rise to a material misstatement in thè flnancial statsmént8 thgmselvas. If, ba98d on thg work we h8ve performèd, we concludè that Ihare is a material misslalement of this other information, wè are required to report that fact, We have nothing to report in this regard. Oplnlons on oth8r mattorn pr6s¢rlbod by the Companle8 Act 2006 In our opinion, based on the work undertaken in the Course of the audf('. the information given In the Report of tho Trustees for the financial year for which the flnancial stalemenls are prgp8rgd is con51Stent with the finanaal statements," and the Report of the Trustees has been prepared In accordance with applicabl8 legal requirement5. Matters on whl¢h wg are r8qulrgd to report by exceptlon In thè light of tha knowl8dg6 and und6rstanding of the charitable company and its anvlronmènt obt81ned In tha cours8 of the audlt, wa hava not id8ntifi8d mal8rial misslalements in the Report of the Trusteès. We have nothing to report in rasp8Ct of the following matters where the Companies Act 2006 requlres us to report to you if, In our opinion.. dequate accounllng records have not been kept or returns adequate for our 8udil hqve not been received from branches not visiled by us., or the flnancial ststemenls are not In agreement with the accounting records and returns,, or certain disclosures of Irusl6es' remuneration speeified by law are not mado., or we have not received all tho informallon and explanatlons we requir& for our audit., or the Iru51ee5 were not entitled to take advantage of the small ¢ompenies exemption from the requiremènt to prepar8 a strategic Roport or in preparing the Report of the Trustees. Paye 6 rt of th8 Inde ndant AudltOY8 to tho Momber8 of Llncoln Area Dialaride Llmite Regponslbllltles of trusto As explain8d more fully in th8 Statement of Trusloos, Responsibilities, the trust￿ (who are also th8 directors of the charitabl8 company for the purposes of company law) are responsiblé for tha pr&p8ration of the financial statemen1$ and for being satisfied that they give a true and fair view, and for such in*&m81 control as th8 trustees determine is nO￿$Sary to 8n8bl@ the preparation of financial statements that are freè from materi21 mi8Statem8nt, whether due lo fraud or error. In preparing thè financial ststements, the trust8&s are responslblg for a33essing the charitsble company's abllily lo contlnue as a golng concern, dlsclosing, as applicable, matt8rs related to going concern and using th8 going concérn basis of accountlng unless the trustees 6ilh8r intend to liquidate the4 charitable cornpany orto cease op$ration8, or hav8 no realistic allèmative but to do so. Our rospon81bllltles for tho audlt of the flnanclal statements Qur objectives are to obtaln reasonable assurance about whetherthe flnanaal statement8 88 a whole ar8 free from material misstat8ment, whether due to fraud or error, and to issue a Report ol the Indapendent Auditors that includes our opinion. Reasonable assurance Is a hlgh lev61 of assuranc8. but is not a guar8ntse that an audit conductsd in accordanc8 Wlth ISAS (UK) wlll always d&le¢t a m8lerial mls8tat6menl when11 exl8ls, Misstatements can arise from traud or error and gre considered material if, individually or in tr)6 aggregate, they could reasonably be expected to Influenc& the economle d8c151on8 of usèrs tsken on th8 basis of the8e flnancial statements, Th8 exl8nt to which our procedures are capable of detecting irregulartlles, including fraud Is d8tai18d below.. Our worf( Is p8rformed to Include an assèsymant of the susceptibility of the éntity's financial 8tat8ment8 lo malerlal ml$stalement, including the risk of fraud. Owing to the inherent Ilmllallons of an audit, Ihere is en unavoidable risk that materlal misstatemenls In thè financial Slatements may not be detected, even though thè audlt18 propgrly planned and performed in accordance with tho ISA$ IUKI. In identifying and assesslng rfsk of material mlsstatgmenl in r85P8Ct of Irregularities, includlng fraud and non-compllance wilh laws and regulations, our procedures included the following,. We plan our worf< lo gain an undèrstanding of thg significant laws and regulations that are of significance to the entity and the sector in which they operats. Wè p8rfonn our work to en$ur& that the entity is complying with it8 legal and regulatory framework, W& obtsinéd an undarslanding of how the company Is complying wlth Ihose18gal and regulatory frameworks by rnaking inqulries to the management and pgop16 charged wlth governance. We assessed the 8usceptlbllity of the Company's fingncial statements lo mAtsrial misstatemènt, Including how fraud mlghl occur. Audll procedure8 performed by the engagem8nt team included.. Substantive prO￿dureS performed In 8Gcordance with the ISAS IUKI. Challenging assurnptions 8nd judgmènts mad8 by management in Its significant accounting estlmates. Identlfying and 1881ing journal anlrias, in particular materSal journal entrie5 and an as8e88ment of year énd journals. Asse8slng the extent of compliance with the relevant laws and regul8tion3. A further description of our responsibilitles for the audit of the financlal slalements ig locatèd on the Financial Reporting Counril'8 websito at ww.frc.org.uklauditorsresponsibilitl88. This description forms part of our Report of the Ind@pendenl Auditors, Use of our roport This r8PQrt is made 801èly to the charitable company's membors, as a body, Sn accordance with Chapter 3 of Part 18 of the Companies A￿ 2006. Our audit work has b6en undertaken SD that we mighl state to the charitable Company's mamb8rs those matters we are required to stat8 to th8m in an auditors, report 8nd for no other purpose. To the fttllest èxtent permitted by law, we do not accept or assume responsibllily to anyone other than the charttablè company and the charitable company's members as a body, for our audlt work, for thi8 report, or for the opinions we havè fomied. James Sewell BA (Honsl FCA CTA (Senior Ststutory Audtior} for and on behalf of Vvright Vigar LiTnited Statutory Auditors Chartered Accountant5 & Businèss Advisers 15 Newland Lincoln Lincolnshire LN1 1XG 18 Dgcember 2024 Page 7 Ll nAr a Dlalarldè Llmltsd Slat•m6nt of Flnanclal Actlvltle8 for the Year Ended 31 March 2024 2024 Total funds 2023 Total lund8 Unreslricled funds Restricted funds Not85 INCOPJIE AND ENDOWMENTS FROM Donations and legacios 19,288 19,288 24,543 Charltable actlvltles Dial a Ride 181,054 4,500 185,554 195,684 Olh6r trading act(vitles Investment Income Olhgr income 163 8,004 163 8,004 230 1,891 Tolil 211081 215581 223 862 EXPENDITURE ON Raising funds 90 90 153 harltable oCtlvltlg$ Dial a Ride 176 755 195 20Q 1g1588 Tolal 176,845 195,299 191739 NET INCOMEI{EXPENDITUREI 34,238 113,954) 20,282 31,923 RECONCILIATION OF FUNDS Total fund3 brought foNard 375,241 124,222 499,463 467,540 TOTAL FUNDS CARRIED FORWARD 40g 477 110268 519745 The notes fonn part of thesè financial stat8m6nls Pag8 8 Lincoln Area DI arfde Llmltsd Balan¢& Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted funds Re3tricted funds Notes FIXED ASSETS Tangible Bss8ts 43,2DO 101,836 145,036 172,891 CURRENT ASSETS Stocks Debtors Cash al bank 350 32,791 350 34,209 352 8SO 350 20,243 337,160 10 1,418 378,987 8,432 387,417 357,753 CREDITORS Amounts falling due withln onè yèar (12,7101 (12,7101 {31,1811 NET CURRENT ASSETS 366 277 374 709 328 572 TOTAL ASSETS LESS CURRENT LIABILITIES 409,477 110,268 519,745 4gg,463 NET ASSETS 409 477 110,268 519745 499 463 FUNDS Unrestricted fiJnd$ Reslrlcled fund8 13 409,477 110268 362,065 137,398 TOTAL FUNDS 519 745 499 463 These financial 8tatem&nts have been prepared in accordanc8 with the provisions appllcabla to charitable companies subjgct to the 8mall companSes reglme. The flnan¢ial statements wer8 approved by the Board of Trustees and authorisod for Issue on 18 Decembar 2024 and were 81gned on its behalf by,, G Haughton- Trustee The notes form part of those financial 8tatem8nts Page 9 Lincoln Ar Dla arlde Llmltèd Notss to tho Flnanclal Statements r th& Y•ar Ended 31 March 2024 STATUTORY INFORMATION Lincoln Area Dialaride Limited is a Charitable Gompany, registered in England and Wales. Th8 charltabl8 company's registored number and registered office address can be found on the Report of the Ttust8es. The pre$ent8tion81 Gurroncy of the flnancial ststement5 is Ihè Pound Stsrling {£}, ACCOUNTING POLICIES Ba818 of prèparfng tha flnanclal 8tat8mgnts The financial 8tatement8 of the charitabl8 company, which is a public benefit entity under FRS 102. hav8 bean prepared in accordanc8 wlth the Charitie5 SORP IFRS 1021 'Accountlng and Reporting by Charill8$'. Stalem8nt of R8commended Practice applicable lo charfties prepar*ng thèir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffectlv8 1 January 2019}', Financlal Reporting Slandard 102 'The Finanrjal Reporting Standard applicable in th8 UK and R8public of Ireland, and the ComparTies Act 2006. The financial statémants have baen prepared under the historical cost convention. Incomo All incoma Is racognised in the Statsment of Financial Activities once the charity has entitlement lo thè funds, il is probable that *h6 income will be received And the gmDunt can be measured r&ligbly. Income from governmE*nt and other grants, wh@ther 'c8pitsI' grants or 'revenu8' granls, 18 recognis6d wh8n the harity has entlllement to the funds, any performance conditions attached lo the grants have been mel, it 1$ probable that lh8 Income will be received and the amount can be measured rèliably and is not deferred, Expandltur• Liabilities are recognlsed a8 axpendllure as soon a6 there18 a legal or constructlv8 obligatson committing tha charity to that expenditure, It 1$ probable that a transfer of econom1¢ bgnofits will b8 r8qulr8d in $8ttlement and tha amount of the obligation can b6 measured reliably. Expenditure 18 aceount8d for on an a¢¢ruals ba818 and has been ¢183sified under headings that aggregate all cost r81at8d to thg ¢8tegory. Where costs cannot be directly attributed to particular hgading5 they have b8en alloc8t$d lo oclivitie5 on a basls con51Stent with the use of r080urc8S, Allocatlon and apportlonmont of colts Cog18 re18ting so16ly lo Shopmobility or Dialarlde actlvltle8 aro allocat8d In full to these fvnds. Salarie5 ar8 allocat8d based on tha time spent and personnel Involved In each actlvity. The fftmainlng overheads ar8 apportloned on an appropriate basis lo fund$ in whS¢h they relate lo. Tanglblo flxod asset• Depreclation is provided al the following annual rat88 in order lo write off èach 8SSet ovar its eslimatsd usefijl Ilfe. Improv8m@nts lo prop8rty Fumlturé, computsrs and equipment Motor vehicles Shopmobility scooter and wheelchairs Straight lin8 OV6r 20 ye&rs 250/0 on reducing balance 25Ok on reduoing balanc8 25Ok on cost and 20'A on oost Stock• stocks are valued at the lower of cost and net reali58b19 value, after making dua allowance for obsolete snd 81ow moving items. Taxatlon The ¢harity is exempl from corporation tax on its ¢h8ritablé activltl8s. Fund accountlng Unrestricted funds can be uséd In aeeordance wlth the charitable objectives al the discretion of the trustees. R88trict8d funds can only be used for particular restricted purposes within the obj8cts Of the charlty. Restrictions ar18e when 8P8Gified by the donor or when funds are rais￿ for partlcular restricted purposes. Further explanation of the nature and purpose of each fund is in¢lud8d in the notes to the financial statements. Pen81on costs and other post-rotlrèment bfynoflts The charitable company operatas a defined Contiibulion p8nsion s¢hem8. Contribution8 payable to the charitable company's penslon scheme are charged lo thè Statement of Financial Activities in th6 period lo which they relate. Page 10 Bontinued... Lincoln Aroa Dialaride Limited Notes to he Financlal Statomenls - contlnu forthey Ende 31 March 2024 ACCOUNTING POLICIES - contlnuod Dèferr*d Income Grants are deferred where the amount in full relatès to fiJture periods. Governmont grants Gov6rnm8nt grants ar8 treated on an a¢¢Nals basls. Grants in relation to furfough grants are recognised a3 part of grant income in the Statsmenl of Financlal Activiligs. Flnanclal Instrumant8 The Company only enter8 into ba8ic financial in8trumenl transactions that result in the recognition of financlsl assets and Ilabilltl85 like trade and other debtors and credllor8, loan5 from banks and other third parties,108ns to relatad parti&s and investments In ordinary shares. Financial assets that arg measured al cost and 8mortlsad cost are sssessèd at th8 8nd of each reporting perlod for objective 8vidence of Impairment. If objective evidence of irnpalmient is found, an Impairment Ioss 18 recognised in the Ststement of Comprehénsiv6 Incom&. For financial a8set8 measured at cost less Impairm8nt, the impalrment loss is m688ured as tre difference be￿80n an asset's carrying amount and bèst estimate of the recov&r8ble amount, whlch is an gpproximation of th6 arnounl that the Company would rec6ive for the a8sel if it wer8 to bè 801d at the balancè Shèet date. OTHER TRADING ACTIVITIES 2024 2023 Shop income 163 230 INVESTMENT INCOME 2024 2023 Deposit account interèst NET INCOMEI(EXPENDITURE) N81 incomellexpendlturèl ig statsd after charglngll¢redlllngl: 2024 2023 Depreciation - owned assels Surplus on disposal of fixed ass818 28,339 30,253 TRUSTEES, REMUNERATION AND 8ENEFITS There were no trustees, remuneration or other benefits for the yaar ended 31 March 2024 nor for the year ended 31 March 2023. Th9rè wero no trusto&s' gxpens8s for ttie year &nded 31 March 2024, nor for the year ended 31 March 2023. P8ge11 continued... Lincoln Area DI larfde Llmlt8d s to thè Flnan¢lal Ststsrnents . contlnu6d for tho Yéar Ended 31 March 2024 STAFF COSTS 2024 2023 Wage8 and $8lari88 Social s8curity costs Other pension costs 96,475 3,351 88,868 7,519 677 101272 The aversge monthly numb8r of emplay98s during the year was ay follow8.. 2024 2023 Administration and operatlon No 8mployee8 recelved emoluments In excess of £60,000, Key management personnel were paid a total of £33,149 {2023. £7,204) during the year. TANGIBLE FIXED ASSETS Furniture, ¢omputer8 and quipment Shopmobility 5COOter and wheelchair8 Improv8ments lo property Motor vehicles Totsl8 COST At l April 2023 Additlon8 109,488 10,673 255,121 485 15,925 391,207 485 At 31 March 2024 109488 255 608 15925 391682 DEPRECIATION At 1 AprS12023 Charge for ye8r 20,325 8,510 835 176,712 12,770 218,317 At 31 Mar¢h 2024 196438 246 656 NET BOOK VALUE At 31 March 2024 1,328 850 145 036 At 31 March 2023 78 409 172 890 STOCKS 2024 2023 Stocks 350 350 10. DEBTORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trada dabtors VAT Prep2ymÈnts and acorued income 16,991 1,326 158g2 4,415 4,486 11,342 34 209 Page 12 continued,.. Llncoln Ama Dlalarlde Llmlted Notas to thè Flnanclal Statgments . ¢ontinued lor the Year Ended 31 Marc 11. CREDITORS,, AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditor8 Other creditors Accrued expenses 5,6g9 2,181 23.822 1,842 12,710 31,181 12. MOVEMENT IN FUNDS Nel mov6ment in fund8 At 31.3.24 Al 1.4.23 Unr08trlctod fund8 G&nersl fund Re88rv6s fund 375,239 34,236 409,475 375,241 34,238 409,477 Restrfetad fund8 The Big Lottery Community Fund 2 Lineoln Cooperative INhoiesale Society Development & Evolution Fund Lincoln8hir8 Country Councll Dawb6r Trust 23,731 91,818 7,014 1,417 242 15,9331 17,7791 17,798 84,039 7,014 1,417 124,221 110268 TOTAL FUNDS 499 463 519745 Nat movement in fund8, included in the abtsve 8r8 as follows.. Incoming resources R88ourc88 expended Movement In fvnds Unr98trfctod fund8 General fvnd 211,081 (178,8451 34,238 R88trfot6d funds The Big Lottery Community Fuiid 2 Lincoln Cooperative Wholesale SocA6ty Llncolnshire Country Council Dawber Trust 15,9331 17,7791 14,5001 15,933) 17,7791 4,500 13 9541 TOTAL FUNDS 215 581 195 2991 Pag8 13 continued.,. Llneoln Aroa Dlalarld& Llmlted NotOS to the Financlal Statements - contin for the Year Ended 31 rch 2024 12. MOVEMENT IN FUNDS. contlnued ComparaUvo8 for movement In fund¥ Net movement in funds At 31.3.23 At 1.4.22 Unrestrletèd funds G&n8ral fund R8serves fvnd 326,914 48,325 375,239 328,916 48,325 375,241 Re8trl¢tod fund8 The Big Lottery Community Fund 2 Lincoln Cooperative ￿OleS￿le Sodaly Development & Evolution Fund Lincolnshlr8 Country Council Dawber Trust 31,641 99,947 7.014 1,417 605 (7,910) 18.1291 23,731 91,818 7,014 1,417 242 140,824 124222 TOTAL FUNDS 467 540 499.463 Comparative net movement In lund$, Included In the above are as foll¢)W8.' Inctsmlng r8souraes Resources expended Movemenl In funds Unre8trlct•d funds G8n8ral fund 219.162 1170,837) 48,325 Rè$trl¢tod fund8 The Big Lottery Communlly Fund 2 Lincoln Coop8ratlve Vwholesale Society Lincolnshire Country Council Dawber Trust {7,9101 {8,1291 {4,5001 17,9101 18,1291 4,500 TOTAL FUNDS 223 662 1917391 A Gurrent y88r 12 months and prlor year 12 months comblned po8ltion is a8 follows.. Not movèment In fund8 At 31.3.24 At 1.4.22 Unre8trlcted fund8 General fund Reserves fund 326,914 82,561 409,475 326,916 82,561 409,477 Rastrlcted fund8 Th8 Big Lottery Community Fund 2 Lincoln Cooperative Wholesala Society Development & Evolution Fund Llncolnshire Country Council Dawber Trust 31.641 99,947 7,014 1,417 605 113.8431 {15,9081 17,798 84,039 7,014 1,417 140,624 30,356 110288 TOTAL FUNDS 487 540 519,745 Pag& 14 conkn'nued... Llncoln Area Dlalarld& Llmlted Notos to the Flnanclal Statemgnts - continued for the Year Ended 31 h 2024 12. MOVEP41ENT IN FUNDS . contlnuod A current year 12 months and prior year 12 Months oombined net movament in funds, induded In the above are as follow3.. Incomlng resourcey Resources oxpended Movement in funds Unre8trlctèd funds Gen&ral fund 430,241 1347,8801 82,561 R8strlcted funds The Big Lottery Gommunity Fund 2 Lincoln Cooporative ltholesal8 Society Lincolnshire Country Council Dawber Trust {13,8431 {15,9081 19,0001 113,8431 {15,9101 9,000 9,000 39,356 30 3561 TOTAL FUNDS 439 241 387 036) 52 205 Dlalarldè Funding Is provSded from local councils towards the running costs of Dialarlde, Shopmoblllty Funding Is provided from the City of Llncoln Council for the running of ShopmobS1ity. Resèrve8 fund Thi8 is a separate fund for tha ¢ontinued operatSon of the charity in the short or long tsrm, ftir any unforeseen costs. The Blg Lottery Communlty Fund 2 A grant of £100,000 has previously b8en provided lo help with tha purchase of three new wheelchalr-ac¢esslble vehicles costing £108,552. The gr8nt is a restrictèd fund and may not be transferred to the general unr6strSctsd fijnd. The assets may not be disposed ol without prior permission of the National Lottery Charllles Board, The granl is being amortlS8d over thè same period as the assets. Dèvalopmont & Evolutlon Fund A grant of £30,000 has previously been provlrJed by Lincolnshire County Councll toward8 dev8lopm6nl support of the charity. Llncolnshlre CO0￿ra￿Va Wholo¥alg So¢l8ty Lincolnshire Cooperative has pf8ViOLtsly been provided £163,275 towards the new office flt oul al Unlt 1 LSncoln Central Car Park cosllng £150,000, and the purchase of new scooters costing £13,275. Wo$t Llndsey Dl•trlct Councll A grant of £13,000 has been provided fvr providing a Dialaride s6rvice in West Lindsey area8 within a 8 mila radius of Lincoln Clty Cenlre. North Ke8teven Dl8trl¢t Councll A grant of £20,000 has been provided for providing 8 Dlalarido sorvi￿ in North Ketsteven areas withSn a 6 mile radius of Lincoln City Cenlre. Clty of Llncoln Councll A granl of £50,000 was provided for providing a Dlalarid8 $8rvice Sn the clly of Llncoln. Llncoln8hlr8 County Councll A grant of £39,500 was provided to support the Lincoln Area Dialaride and voluntary car service. The Dawber Tru8t A grant Df £1,210 has previously been provided towards the cost of an advertising display scrèen. Community Lottery A grant of £50,000 was previously provldod in respect of the Governm8nYs COVID Ch8rity Support through the Nalional Lottery Page 15 continued,.. Lincoln Are Dlalarlde Llmltod Note8 to e Flnanclal Statsments- continued or the Year End8d 31 March 2 12. MOVEMENT IN FUNDS . Contlnuèd Shopmoblllty A grant of £16,060 was previously provided by City of Lincoln Councll towards Lincoln Shopmoblllty. RELATED PARTY DISCLOSURES 13. There were no related party Iransactiong lor the year ended 31 March 2024. ULTIMATE CONTROLLING PARTY 14. Th8 ch8rity18 controlled by its board of Trustees, 16. LINCOLN AREA DIALARIDE LIMITED Managemènt Informatlon In¢om• and Expèndlturo Account 2024 2023 INCOME Farès Grants receivable Lincoln City Council Lincolnshir8 County Coun¢ll NKDC West Lindsey District Council Sundry donations Bank deposit Interest receivabl8 Sundry income Flggislra11on fees Sale of RADAR k8yy 83,054 66,185 50.000 39,500 20,000 13,000 4,Q01 8,004 2,572 15,287 163 57,000 39,500 2Q,000 13,000 8,359 1,891 1,314 16,183 230 215 581 223 682 EXPENDITURE Purchase of RADAR keys Wages Soci91 security Pension Vehicle maintenan￿, fvèl, Ilcences and insuranc8 Volunlegrs & Irus18es expenses Printing, stationery and se¢relarfal exp8n88S Advertising Telephon8 Insurance R8nt and rates of ￿ntr6 Light and heal Bad dobts Repairs and ren6wals Computer 50fhNare licence Audit and accountancy Profa9sional fees Mi8cellan8ou8 expenses Training Subscriptions Bank charges Depreciation Loss on disposal Bank Interest 90 96,475 3,361 1,446 30,458 9,848 956 117 195 2,991 372 2,917 153 88,868 7,519 677 26,003 13,909 1,391 1,923 3,058 402 2,372 1,893 4,500 6,470 1,480 2,059 185 229 g28 28,339 670 4,500 5,457 4,73g 907 235 442 933 3Q,253 (2,672} 195 299 191739 SURPLUS FOR THE PERIOD Pa90 16