.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￿!1￿4 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 re￿1vableS, 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 cOn￿ntratIOn 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 repla￿ment bus 2nd to help fund the service we provide for the resldents Rlchmondshire for fvture vears once government fundln8 sour￿5 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 financ￿1 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 y￿th 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 PrApa￿d 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 commun1￿TranSport 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 En￿￿1￿ntsfr￿ll: 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$￿tted Restrlrted fund¥ fvnds 46,386 Totsl 2020 In(ryne and Endwimentsfroffl: Donatlons Gr•nts Ind Lo81¢1•s Charlt•bl* Artliiltl*s Investment Income 14,543 14.543 Totsl InGome 24.220 24,220 E¥p¢nOlturt •)n: R•lsln8 fvnds Charitsble Actlvltleg 22,508 5.983 22,508 5,983 Total Exp8nditurn 28,491 28,491 N*t lexpenditlJTellincgrn• Net movemènt In fvnds 4.271 4,271 4.271 4,271 Re￿ndIlatIon olfunds Totsl funds brou8ht forword 7,689 7,689 Totsl fundsparrl•d forw4rd . 3,418 3,418 All of the charlty's actmties derive from continulng operations durinE the above two perlixl& The funds brnakdown for 2021 is shown In note 16. Reeth & DlstrfctCommunltyTransport Ild (Registration Number 05412834) Balance Sheet as at 31 March 2021 2021 2020 hlote Tangible assots io 11.739 15.650 Current •ssets Debtors Cash at bank and In hand li 16 763 72,363 73.126 -840 72,286 84,023 -37,638 46,386 1,211 15,292 16.503 -805 15,698 31,348 -27,930 3,418 Credltors: Amounts fthlllng due wlthln one year Net curr•nt •ss•ts (Il•bllltles) Tot21 at¢a*e !a¢s ci•vr•nt !!ab!!!tles Credltor5: Amounts falllnB due after more than one ye•r Plet a$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 $i8ned on their behalf by: ndrew Bedford Director and Trustee P.eètb. & fb!stytrtr_rnmt¥.iipItyTransport Ltd Notes to the FwAndal Ststementsfortheyear Ended 31 Marth 2021 I Chorltwstatus Th• charity is limitgd by 8uar•nt¢•, i￿OrPor¥t•d in En8land, and ¢ons•qu•ntly do•$ not h*Y• share capttal. Each of tho trustees Is Ilable to Contrll?￿e an amount not *x￿ding £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￿$* fi￿r￿131 ￿lI￿rnents w•re •utorls•d ft>rtssu• b¥th• trust••s on 24 Auqust 2021 2 Attountlni pollelej Summary gf*nfflc•nt a(cvuntlni polld•8 ind k•y Kcotsntln¥ •rtlm•t•s Th• Prf￿¢paI •¢wuntlw p?Il¢l•¥ •ppll•d In th• pr•p•r•tlon ofth•s• fin•nclal st•t•m•nts •r• Mt out below. These polltles hw• be•n ¢onsIst•nt￿ •ppll•d to Ill th• y•Jrs pr•sented. unl•ss othgrwlsq stAt•d. ststèmènt of tompll8nc• Th• flnanctal stbtèm•nts hJv• b••n Pra￿Ted In Kcordan¢e wfth Accountl￿ and Reportini bv Ch3rltl¢$',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 Ir*l•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. Th*y also comply with the Qympanies Act 2c¥a6 and Chariti•s Art 201L A•sls of pff•p•r•tlo R••th & Dlstrfct c0mmunltyTr•nsF￿rt 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 r￿e5. Goln8 concem Th• tNst••$ ¢•Nld•rth*t th•r• *r• no mat•r￿1 unMrt•lntl•s *bout th• ¢h•rfty • 4bllltyt• contlnue as a lo1￿8 concèm nor any siqnlfkant areas of Un￿rtaInty 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 the￿fore 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