.pap.y P.egi¢trrttiory lJ.LlVP.her: n4a1 ? Charlty Registration Number: 1160786 Reeth & District Community Transport Ltd (A company Ilmlted by guarantee) Annual Report and Financial Ststements Forthe Y•ar End•d 31:March 2021
R&rt17 & DlJili Ct CGiiiiiiiin• '-rf Tr--Purt Ltd Contents Reference and Administrative Detsils Trustees, Report 2to3 Statement of Trustees, Responslbllltles Indepe#ent Examiner's Report Statement of Finanaal Activities Balance Sheet Notes to the Fln8ndal Ststements 8t014
O. Reference and Admlnlstrative Detslls DlrpctorsnriJ*te Mr Anrfrpw Redford Mrs Gall Hall Mrs Jill May Mr Richard Klmmage Mr5 Ellzabeth Domican Mrs SLisafi TLirryAr Mr Stephen Green Mrs Jlll Burdls Secretsry Mr Andrew Bedford Prlnclple Place of Buslnegg Hudson House •nd Reglstered OfflrA Anvll Square Reeth Rid)mond North Yorkshire DLII 6fB Company Reg No. 05412834 Charfty Re8 No. 1160786 Independent Examln•r Clarksons Thornborough Hall Moor Road Leyburn North Yorkshlre DL8 SAB
x i tt Comriiilill&rf Transyottl Ltd Trustees, Report The trustees, who are direttor5 for the purposes of company law, present the annual report together with the financial statements and independent examiner's report of the charitsble companyfor the year ended 31 March 2021. Objectlves and artlvltles Public beneflt The Charlty Trustees durln8 the year to the 3141 of March 2021 were the Dlrettors of the Company namely: Mr Andrew Bedford Mrs Gail Hall Mrs Jlll May Mr Richard Klmmage Mrs EIiz3beth Domican Mrs Susan Turner Mr Stephen Green Mrs Jlll Burdls APPOINTEO 1911012020 The charities objettives are to provlde transport facilities in Richmondshl AV41a ibih 11kn IV have 5peclal need of such facllltles because they are elderly, poor or d15abled, people wlth younz chlldren or those Ilvlng In Isolated areas where there are no adequate transport facllltles. Durlng ?0201?l il'e re!14 I?•Y1 ¢roTr. ts.e Co,. - amir.Linlty Hub to support resldents In Swaledale, Arkengarthdale and the surroundlng area by deliverin8 prescrlptlons and shopplng to vulnerable resldents. Our 8roup of 40 volunteers also provided a networvbuddy system to help those in isolation. ff4bY4art+ • •r The Truetees confimi thatthey have complled wlth the requirements of Settlr4n A Charities Att 2011 to have due regard to the public benefit guidance publlshed bythe Charitie5 Commission for En8land and Wale5.
Structure. g¢Jvernance ?r.d -. a.-?rment Financial instruments Objertlves andpollcies The Charitr/s activities expose it to a number of financial risks including credit risk: cash flow rlsk and liquidity risL The use of financial derivatives is governed by the charivs policies approved by the board of trustees which provlde wrltten prlnclples on the use of financlal derivatives to manage these rlsks. The charity doe5 not Use derlwatlve finandal Instruments for speculative purposes. Credlt rl¥k The charltrls prlnclpal flnanclal assets are bank balance5 and cash, trade and other re1vableS, and investments. The ¢haritVs credit risk is primarily attrlbutable to its trade receivables. The amounts presented in balance sheet are net of allowances for doubtful receivables, An allowance for impairment is made where there Is an Identifiable loss event which, based on prevlous experfence, Is evldence of a reductlon In the recoverablllty of the cashtlows. The credit risk on liquld funds and derlvatlve flnandal Instruments Is Ilmlted because the ounterparties are bank5 with hith credlt-ratlnKs assiRned by Internatlonal uedlt-ratln a8encies. The charlty has no slgnlficant cOnntratIOn of credlt rlsk, wlth exposure spread over a lar8e number of counterpartles and customers. Reserves Pollry As at 31 March 2021 the charltable company's reserves of £72,363 were unrestrfcted. The trustee5 periodically review the level of reserves. The review takes Into account income and expenditure streams. The tru5tee5' objective is to build up reserves to fvnd a replament bus 2nd to help fund the service we provide for the resldents Rlchmondshire for fvture vears once government fundln8 sour5 deplete. The annual report was approved bythe tnjstees of the charity on 24 August 2021 and sis.ned on its behalf by: ndrew Bedford Dlrector and Trustee
Reeth & Dlstrftt I td ststement of Trustees, Responslbllltles The trustees Iwho are also the dir•rtors o! Re•th & Dictrirt cn.M11nIts1 Tr?nsnort Ltd for the purposes of company lawl are responsible for preparin8the trustees, report and the financial ststements In accordance wlth the United Klngdom Accountlng Standards (United Klngdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law rèquires the trustees to prepare financial statements for eaeh finanrial ilexr. Under cornpany law the trustees must not approv• the financlal 5tstements unless they are satbsfled that they slve a true and f4lr vl¢w of the 5tsts of affalr5 of the ¢harftsble company and of Its Incomlnq resources and appllcatlon of resources, Includlng Its Income and expendlture, for that perlod. In preparin8 these financ1 statements, the trustees are required to: Select suitsble accounting policies and applythem consistently; Observe the methods and prlnclples In the Charltles SORP. Make judgements and estimates that are reasonable and prudent: stste whether appllcable UK A¢countlng Stsndards have been followed. subject to any materlal departures disclosed and explained in the financial statements. and Preplre the fininrial 5tstements on the 8Qin8 concern basis unle55 it 15 inapproprlate to pr•sum• th¥t th• ¢harlt•bl• ¢omp•ny wlll ¢ontinu• In bu$ln•u. The trustees are responsiblefor keeping adequate accounting records that are sufficient to show and explain the tharitsble companVs transactions and disclose yth reasonable accuracy at any time the flnancial p05itlon of the ch8ritable comp2py ap.d _ bl- tts. to ensiire *h2+ +th- financial statements comply wlth the Companles Act 2006. They are also responslble for safeguardlng the assets of the charitable company and hence for t•kln8 reasonable steps for the preventlon and detection of fraud and other irregularities. Approved by the trustees of the charity on 24 August 2021 and signed on its behalfby: drew Bedft>rd Dir•ctor •nd Trustee
P.eet. & D!gvlv fTh--unlty Transport Ltd Independent Exarninerfs Report to the trustees of Reeth & District Communlty Transport Ltd I report to the Charity trustees on my examination of the accounts of the charityfor the year ended 31 March 2021 which are set out on pages 6 to 14. Respecilve responslbllltles of trustees and examlner As the charity5 trustees of Reeth & Dlstrlct Communlty Transport Ltd {and also igs directors forthe purposes of company law) you are responsible for the preparation of the accounts In attordance with the requirements ofthe Companles Act 2006 ('the 2(KJ6 Arf). Having satisfied myself that the accounts of Reeth & Di5trirt CommunityTransport Ltd are not required to be audkted under Part 16 of the 2006 Act and are eligible for independent examination, I report In respect of my examination of your charrtV5 accounts a5 carried out under sectlon 145 of the Charltles Act 2011 {'the 2011 Acv). In carryin8 Out my examinatlon I have followed the Directions ¥lven by the Chirlty Commlsslon under sectlon 145151(bl of the 2011 Act. Independent examlnerfs statement I have completed my examlnatlon. I conflrm that no matters have come to my attentlon In connection with the exarnlnitlon qlvln¢ m• cause to belleve: l. Ac£ountlng records were not kept In respect of Reeth & District CommunityTransport Ltd as required by 5ectlon 386 n!th# 2ro6.4rt: or 2, The accounts do not accord with those records; or 3. The accounts do not comply with the accounting requlrements of se¢tion 396 of thq 2006 Art other than any requlrement that the accounts glve a 'true and falr viebv whlch is not a matter considered as part of an Independent examination; or 4. The accounts haim not heen PrApad In acccFdonce wfth the method5 and principles gfthe Ststement of Recommended Practice for accounting and reporting by charities lapplieable to charltles preparlng their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republ1¢ of Ireland (FRS 10211. I have no concerns and have comp Arm8 Do nthpr VTixtr.prs in cnnD•?rtlnD with the examinatlon to which attention should be drawn in this report in order to enable a proper understsndlng of the accounts to be reached. ?4 Augu¢t 2021 Clarksons Thornborough Hall Leyburn North Yorkshlre, DL8 SAB
••th & Dlstrict commun1TranSport Ltd ststement of Financlal Artlyities for thè Yèar Ended 31 Marth 2021 (IndudSng Income and Expenditure Account and Statement of Totsl Re¢wtsed G•1Tr5 and LOSS•g) UnTestrlct4d Rèstrlttod funds fvnds T¢)tal 2021 Income and En1ntsfrll: Donatlons Grants and L•gacie5 Charitsble Artivitles Invfixtment InrA)me 12,311 73.156 100 IC4) Totrl Income 60,949 12,311 73,261 Expendlture on: Raising funds Charlt¥ble ActMtle$ 19,715 6,665 3.912 23,628 6.665 Totsl Exyndltur• 26,381 3,912 30.293 N•t l•xp•ndltur•l/lncome N•t movement.ln lunds 34,569 Y.S69 8,399 Q399 41968 42,968 R•AdIll of lunds Totsl funds brou8ht forw•rd 3,418 Totsl funds c4rrl•d forw•fd 37,987 8,399 unm$tted Restrlrted fund¥ fvnds 46,386 Totsl 2020 In(ryne and Endwimentsfroffl: Donatlons Gr•nts Ind Lo81¢1•s Charlt•bl Artliiltls Investment Income 14,543 14.543 Totsl InGome 24.220 24,220 E¥p¢nOlturt •)n: R•lsln8 fvnds Charitsble Actlvltleg 22,508 5.983 22,508 5,983 Total Exp8nditurn 28,491 28,491 N*t lexpenditlJTellincgrn• Net movemènt In fvnds 4.271 4,271 4.271 4,271 RendIlatIon olfunds Totsl funds brou8ht forword 7,689 7,689 Totsl fundsparrl•d forw4rd . 3,418 3,418 All of the charlty's actmties derive from continulng operations durinE the above two perlixl& The funds brnakdown for 2021 is shown In note 16.
Reeth & DlstrfctCommunltyTransport Ild (Registration Number 05412834) Balance Sheet as at 31 March 2021 2021 2020 hlote Tangible assots io 11.739 15.650 Current •ssets Debtors Cash at bank and In hand li 16 763 72,363 73.126 -840 72,286 84,023 -37,638 46,386 1,211 15,292 16.503 -805 15,698 31,348 -27,930 3,418 Credltors: Amounts fthlllng due wlthln one year Net curr•nt •ss•ts (Il•bllltles) Tot21 at¢a*e !a¢s ci•vr•nt !!ab!!!tles Credltor5: Amounts falllnB due after more than one ye•r Plet a$sets 12 13 Fund$ of the ¢h•flty: Restricted funds Unrestricted fund5 Totsl fvnds 8,399 37,987 46,386 3,418 3,418 14 For the finan¢Sal year endlng 31 March 2021 the ¢h8rlty VA$ entltled to extmptlon from audlt undèr settlon 477 of th• Com.PAnieo Art ?ons relating to small eompè4ies. Dlre¢tors' responslbllltles The members have not requlred the charlty to obtaln an audlt of Its accounts for th• the year In questlon In accordanc• wlth stttlon 476; and The dirertors acknowledge their responsibilities for complying with the requirements of the Act with respectto accounting records and the preparatlon of accounts. These accounts have been prepared in accordance with the provlslons applicable to companles subject to the small companles reglme. The financial statements on pages 6 to 14 were approved by the trustees. and authori¢• i5SU on 24 Au8US 21 $i8ned on their behalf by: ndrew Bedford Director and Trustee
P.eètb. & fb!stytrtr_rnmt¥.iipItyTransport Ltd Notes to the FwAndal Ststementsfortheyear Ended 31 Marth 2021 I Chorltwstatus Th• charity is limitgd by 8uar•nt¢•, iOrPor¥t•d in En8land, and ¢ons•qu•ntly do•$ not hY• share capttal. Each of tho trustees Is Ilable to Contrll?e an amount not xding £Nil toward5 the assets of the charity in the avent of IlquldatÈtin. The address of the reglstered offke15". Hudson Hou$• Amill Squ4br• Re•th North Yorkshlre DLII 6fB Tho prfn¢lp•l pla of bu$ln•M Is: Hudson House Anvll Reeth North York¥hlre DLII 6fB T$ fir131 lIrnents w•re •utorls•d ft>rtssu• b¥th• trust••s on 24 Auqust 2021 2 Attountlni pollelej Summary gfnfflc•nt a(cvuntlni polld•8 ind k•y Kcotsntln¥ •rtlm•t•s Th• Prf¢paI •¢wuntlw p?Il¢l•¥ •ppll•d In th• pr•p•r•tlon ofth•s• fin•nclal st•t•m•nts •r• Mt out below. These polltles hw• be•n ¢onsIst•nt •ppll•d to Ill th• y•Jrs pr•sented. unl•ss othgrwlsq stAt•d. ststèmènt of tompll8nc• Th• flnanctal stbtèm•nts hJv• b••n PraTed In Kcordan¢e wfth Accountl and Reportini bv Ch3rltl¢$',Stat•m•nt of R¢¢omm•ndod Prartl¢• appll¢abl• ts ¢h•ritles pr•pirln$ th•lr •ccounts In •ttord)nce wlth th• Flnancknl R•pDrtln8 Stsndard appllcabl• In th• UK nd R•publl¢ of Irl•nd IFRS102) {•ffectiv• l January 20151- Icharttles SORP IFRS10211. the FSn4n¢l•l R•portlTKg Standard appll¢ablo In th• UK and R•publk ol Ir•land {FRS1021. Thy also comply with the Qympanies Act 2c¥a6 and Chariti•s Art 201L A•sls of pff•p•r•tlo R••th & Dlstrfct c0mmunltyTr•nsFrt Ltd mmts th• d•flnttlon of * publlc b•nefft •nt6ty und•r FRS102. Ass•ts and Ilablllties are Initlally rewnlsed at h&torl¢al cost or tranuctlon v•lu• unl•ss oth•rwis• stat•d In the relevantaccountlng polky re5. Goln8 concem Th• tNst••$ ¢•Nld•rtht th•r• r• no mat•r1 unMrt•lntl•s bout th• ¢h•rfty • 4bllltyt• contlnue as a lo18 concèm nor any siqnlfkant areas of UnrtaInty that affect the carrylr lue of assets held bythe ¢h8rlty. Exernptioftfrorn pr•p•rins • flOW ststemert The ehartty opted to èarw adopt 8ulletln I publlshed on 2 February 2016 and have thefore r¥)t included i cash fiow statam•nt in th•s• flnincial st•t•m•nts. Income aNI endowments •WI incomE 15 fEcoEnised once the chorrty has entrtlement tothe income. It is probablèthatthe incomo wi11 r•c•iv•d and arrw)unt of the income recefvable can be measured r•ll8bty.
Reeth & Dlslrlrt Communlty TranSpo_ Ltd Notes to the Finanoal Statements forthe Year Ended 31 March 2021 Donatlons and legade5 Donatlons are reco8nlsed when the charlty ha$ been notlfied In wr]tin8 of both the amount and settlement date. In the event that a donation Is sublect to condltlons that requlre a level of performance by the Charity before the charity Is entltled to the funds, the income is deferred and not recognised until eitherthose conditions are fully met. orthe fulfilment of thos conditions Is whollywlthln the control of the charlty and it is probable that these condltlons will be fulfilled In the reportlng perl¢>J. Grants rttelvable fjrants are recogni5ed when the charlty has an entltlenpnt to the funds and any condltlons Ilnked to the grants have been met. Whern performance condltlons are attached to the grant and ar eyet to be met, the Income Is re¢ognised as a Ilabllty•nd Included on th¢ ba14n¢e sheet as d•f8rr8d Income to be released. Expendlture All expendlture Is recognised once there Is a legal orconstructlve obli8ation to that expendlture, Is probable settlement Is requlred and the amount can be measured rellably. All costs are allouted to the Jppllcable expendlture headlng that aggreiate slmllar costs to that category. Where costs cannot be dlrectly attrlbut•d to partlcular headlngs thay have been all¢xat•d on basls conslstent wlth the use of resources. wlth eentfal staff costs allocated on th¢ ba$15 Qf tlme spent. and depmeiation charges allocated on the portion of the 45set's us¢. Oth•r support ¢osts are allocated based on the spread of staff costs. Rolslng lunds Thesè are costs incurrnd In attrnctlng voluntary Incom•, th• management of In¥¢stm•nts and those Ineurred In trading activltles that raise funds. Support costs Support costs Includ• c•ntral funrtlons and have b••n allocated to a¢tlvlty cost cat•iorlés on basls conslsfent wlth the use of resources, for example. all¢xatln8 property costs by fI(rare<S or p•r caplts. staff ¢osts by the tim• spent and othercosts by thalr usage. These Include the costs attrfbutable to the charfty's compllance wlth conStUt10nal and statutory r•qulrements, Includlng audlt. strate8lc m¥n4gement and trustee's meetln8s and r•lmburs•d expenses. Government 8rants are recognlsed based on the aeerual model and are measured at the fairvalu¢ of the J55er received or receivable. oranrs are clas5111e¢J a5 relatlng elther to revenue orto assets. Grants rèlating to revenue are recognlsed In Income overthe pertod in whlch thè related costs are recognlsed. Grants relatlng to a55ets are reco8nlsed overthe experted useful life of the asset. Where part of a grant relatlng to an a55et is deferred. It Is recoBnised as deferred Income.
Reeth & D!SLrlct CommunltyTransport Ltd Notesto the Flnandal Statements forthe Year Ended 31 Marth 2021 Taxat1( The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and thepefore it m.ee¢ def!ni+ion of a c4aritab!e corp.nanii for UK corporation tax purposes. Accordingty, the charty is Potentially exempt frpm tsxation in respect of income or capitsl gains rècèivèd wthin Categories covered by Chaptér 3 Part 11 of the Corporation Tax Aet 2010 or Sectlon 256 of the Taxatlon of Chargeable Gains Art 1992, to the extent that such income or gains are applied ex¢lu$lvely to eharltsblé purposes. Tanwbje Hxed Assets Individual Fixed Assets costing £IOO.W or more are InallY recorded at Cost, less any subsequent accumulated depreclation and Subsequent accumulknd impairment105ses. DoprKl•tton and Amortlsatlon Depreciation Is provlded on tsngible flxed assets so as to wrlte off the tost or valuatlon, less anv estlmated residual walue. over their expected useful economic lrfe as follows: Trade debtors Trade debtors are amounts due from custorners for merchandlse sold or servlces performed In the ordlnary course of bLisiness. Trade debtors are re¢o£nised initlally atthe transactlon price. They are subsequentty measured at amortised cost using the effective interest method, less provision for irnairment A provlslon for the lrnpairment of trade debtors Is estsblished when there Is objective evidence that the Charlty wlll not be able to collfjrt all amounts duo a¢cordln8 to the 1X1nl terms of the recèlvables. C•5h •nd osh •qylv•lnts Cash and cash equivalents comprise cash on hand ind call deposits, ¥nd other short term hlghly Ilquld Inbestments that are ieadily convertible to a known amount of cash and ère subject to an InslRnlfl¢ant rlsk of ¢hange in value. Ttade credltors Trada creditors are obligations to pay for goods or SeICe$ that have been acquired in the ordinary course of business from suppliers. Accounts payible are classrfied is current liabllities If the charity does not have •n unconditionèl rfght, at the end of the reportin8 Per1, to defer settlÉrnéfit of the ¢r¢dltor for at le•$t twèlvé month$ •ft•r the r•portln¢ d•t¢. If thèrè Is an untonditional right to defer settlemerytfor at leesttwelye months afr&rthe report1¢1 dat• Lhey are presented a5 non-current liabilitie5. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost uslnithe effectlve interest method. Fund strurture Unrestrlcted Income funds are general funds that are adIlable for use atthe trustee's discretion in furtherance of the objectNes of the charity. Restricted income funds are those donated for use in a partKular area orfor specific purposes, the use of whith 15 restrictsd to that area or purposa. io
Reeth& Dlstrltt£ommuk.T•uTrjne nrt Ltd Notes to thÈ Rnandal Staternents for theyear Ended 31 Marth 2021 3 Income from donotlons and lrfadej Unrestrltted funds Restrltted funds Total 2021 Total 2020 Donatlons and legacles. Rezular giving and capthl donations 6,961 402 6.961 402 5,405 459 Grants, including capital Erants; Grants from other charities Grants from Local Authorities 14,538 38,945 60,844 14,538 51.256 73,156 12,311 12,311 14,543 4 Income from th.2pltsbla ecttvltles Unrestricted fvnds Restrlcted funds Total 2021 Total 2020 Charitable artivitie5 Ic 9.675 S Inyaslrnert Income Unre5tr1ct funds Restrlcted funds Total 2021 Totsl 2020 Interest receivable
Reeth. A Dl.otrlrt fnmrniin!•vTrap.snrwP Ltd Notes to the Flnandal Statements for the Year Ended 31 Marth 2021 6 Expendlture on ralslni Thd5 Unrestrlcted lunds Restrlcted funds Totsl 2021 Totsl 2020 Cost of Raising Fund5 19,715 19,715 3,912 3,912 23,628 23,628 22,508 22.508 7 Expendlture on charltsble attlvltles Unrestrlct•d funds R•strlrt¢d funds Totsl 2021 Total 2020 r7nvprnxnrp. rnst% £6,665 (2020- £5,983) of the above expendlture wos ottrlbutoble to unrestrittedfunds ond £NII (2020- £NII) to restrlctedfund& 8 Analy51s o•zovev42ryce 2nA costs Unrestrlct•d funds Restrlctod ftinds Totsl 2021 Total 2020 Audlt fees Legal fees Marketlng and publlclty Other gtsvernènc• e05ts 870 13 870 13 13 30 5.280 5,983 5,782 6,665 5.782 6,665 9 Ta.0 The ¢harlty Is a reglstered charlty and 1$ therèfore exempt from taxatlon 12
P.tieth & n!ofr!a fnrnmiin!h•Tort¢rtrtrt l*el Notes to the Finaniaal Ststements forthe Year Ended 31 March 2021 10 Tan8lble Hxed Assets Plant and machlnery Motor Vehlcle$ Totsl Cost At l April 2020 Addltlons Disposa15 At 31 March 2021 514 37,185 37,699 514 37.185 37.699 Deprecl•tlon At l Aprll 2020 Charge for the year Dlsposals At 31 March 2021 225 72 21,824 3.840 22,049 3.912 297 25.664 25.961 Net bookvalue At 31 March 2021 217 11,5?1 15,361 11.738 15.650 At l April 2020 289 11 Debtors Total 2021 Totsl 2020 Trade debtor5 Other debtors 763 752 459 1.211 762 12 Credltors: amounts fallln8 due vAthln one year Totsl 2021 Totsl 2MO Trade creditors Other creditors 145 660 805 840 13 Credltors: amounts fallln8 due after more than oneyear Total Z021 Totsl zozo Deferred income 37,638 37,6Yg 27,930 27,430 13
t. A nietrltt CommunltyTransport Ltd Notes to the Hnanclal Statements forthe Year Ended 31 March 2021 14 Funds 8alance at 01-Apr-20 Intomlni Resources Resources ¥pended B•l•nce at 31-•Jlar.?1 UnrÈstricted funds Restrieted funds Tt)tal funds 3Alg 60,949 12.311 73,261 37.9A7 8,399 46,386 -3,912 -30,293 3.418 Balance at 01-Apr-19 Resources expended Balance At 31-Mar-20 Resources Unrestricted funds Restricted funds Totsl funds 7,689 24,220 -28,491 3,418 7,689 24.270 -28,491 3,418 15 Analysls of net assets between funds Unrestrlcted Funds Ggn•ral Totsl funds Tanglble fixed assets Current assets Current liabilities 11,738 73,126 -840 84.023 11,738 73,126 -840 84.023 16 Anaws of net funds At l Aprll 2020 C•sh flow At 31 March 2021 Cash at bank and in hand Net debt 15,292 15,292 57,071 57,071 72,363 72,363 14