Company ftegistration Nurnber: 05412834 Charity Registration Number: 1160786 Reeth & Distrirt Community Transport Ltd IA company Ilmlted by guarantee) Annual Report and Financlal Statements For the Year Ended 31 March 2022
Reeth & District Communlty Transport Ltd Contents Referen and Admlnistrative Detslts Trustee5' Rep(xt ststement of Trustees, Responslbilitles Independent Examinerfs Report Ststement of Flnandal Actlvlties Balance Sheet 2to3 Notes to the Flnanclal Ststements 8t014
Reeth & Distrirt Community Transport Ltd Reference and Administrative Detalls Directorsnrustees Mr Andrew Bedford Mrs Gall Hall Mr5 Jill May Mr Rithard Klmmage Mrs Elizabeth Domican Mrs Susan Turner Mr Stephen Green Mrs Jlll Burdjs Mr Andrew Bedford Prfnclple Place of Buslness Hudson House and Re8lstered Office Anvll Square Reeth Rlchmond North Yorkshlre DLII 6T8 Company Re8 No. 05412834 Charlty R•8 No. 1160786 Independ•nt Examlrnr Clarksons Thornborough Hall Moor Road Leyburn North Yorkshlre DL8 SAB
Reeth & Distrirt Community Transport Ltd Trustee< Report The trustees, v4ho are dlrector5 for the purposes of company law, present the annual report tO8ether with the financial ststements and Independent examinerfs report of the tharitable company for the year ended 31 March 2022. Obiecthes and artlvltles Publlc benefit The Charlty Trustees durin8 the year to the 31 of Marth 2022 were the Dlrectors of the Company namelv: Mr Andrew Bedford Mrs Gall Hall Mrs Jill May Mr Richard Klmmage Mrs Elizabeth Domican Mrs Susan Turner Mr Stephen Green Mrs Jlll Burdls The charltles objectives are to provide transport faalities In RIchmondshi for people who have speclal need of such faalities because they are elderly, poor or disabled, people with young children or those Ilving In i501ated areas where there are no adequate transport facilitles. Durlng 2021122 we received Income from the Government to act as a Community Hub to support residents in Swaledale, Arkengarthdale and the surroundin8 area by delivering prescriptions and shopping to vulnerable re51dents. Our group of 40 volunteers also provided a networvbuddy system to help those In Isolatlon. The Trustees confirm that they have complied with the requirements of Section 4 of the Charlties Art 2011 to have due regard to the public benefitguidance published by the Charities Commission for England and Wale5.
Structurei 8ovemance and marw8ement Flnanclal Instrnments Oblertlves andpolkle5 The Charlws attivities expose it to a number of finanaal risks induding credit rlsk, cash flow risk and liquldity risk. The use of finanaal derIdtiveS is governed by the charitys policies approved by the board of trustees which provide written prlnciples on the use of finandal derivafjves to manage these rlsks. The charlty does not Use derivatlve finandal instruments for speculatlve purposes. rjedltrlsk The charltys prlnclpal finandal assets are bank balances and cash, trade and other recelvables, and investments. The charl5 credlt risk is prlmarlly attrlbutsble to Its trade re1vableS. The amounts presented in balance sheet are net of allowances for doubtful receivables. An allowan for Impalrment is made where there Is an identifiable loss event which, based on prevlous experience, is evidence of a reductlon In the recoverability of the cashflows. The credlt rksk on liquid funds and derlvative flnanclal Instruments b limlted because the counterparties are banks wlth hl8h credltntln85 35518ned by Internatlonal credit-rating agencies. The charlty has no sl8nificant concentralion of credlt rlsk, wlth exposure spread over a large number of counterpartles and customers. Reserves Pollry As at 31 March 2022 the charitsble company's reserves of £T7,725 were unrestrlcted. The trustees perlodlcally review the level of reserves. The review takes Into account income and expendlture streams. The trustees. objective Is to build up reserves to fund a replacement bus and to help fund the servlce we provide for the residents In Richmondshlre for future years On government fundin8 sources deplete. The annual report was approved by the trustees of the tharlty on 15 July 2022 and signed on its behalf by: Mr Andrew Bedford Director and Trustee
Reeth & Dlstrict Community Transport Ltd ststement of Trnstee< Responslbllities The trustees Iwho are also the directors of Reeth & Distrirt Community Trnnlport Ltd for the purposes of company law) are responsible for preparing the trustees. report and the financial ststements in accordance with the United Kln8dom Accounting Stsndards (United Kingdom Generally Accepted Accounting Prartice) and applicable law and r4¥ilations. Company law requires the trustees to prepare ffinancial statements for each financial year. Under companv law the trustees murt not approve the financial ststements unle5S they are satlsfled that they give a true and falr vlew of the stste of affairs of the charitsble company and of its incomlng resour¢e5 and applicatlon of resources. includin8 its income and expenditure, for that perlod. In preparing these financlal 5tstements. the trustees are required to: Select surtable accountlng pollcies and appty them consistently; Observe the methods and principles in the Charlties SORP; Make judgements and estimates that are reasonable and prudent. State vthether applKable UK Accountin8 Stsndards have been followed, subjert to any material departures disc105ed and explained in the finandal statements,. and Prepare the flnanclal ststements on the goln8 concern basis unlèss it is inapproprlate to presumè that the charlt•ble company wlll contlnue In bu51ness. Th• trustees ar• responslble fof keepln8 adequate •ccountsng records that are suffltient to show nd explaln the charitable comp•nVs tran5aCtion5 and dlsc105e with reasonable accuracy at any tlme the financial p05itlon of the charitsble company and enable them to ensure that the financial ststements comply wlth the Companies Art 2006. They are also responslble for safeguardlng the assets of the charitsble comwiny and hence for tskiw reasonable steps forthe prevention and detection of fraud and other irregularities. Approved by thé trustees of the charity on IS July 2022 and sned on its behalf by: Mr Andrew Bedford Director and Trustee
Reeth & Dlstrict Communlty Transport Ltd Independert Examlnerfs Report to the trustees of Reeth & Dlstrlrt Communlty Transport Ltd I report to the charity tee$ on my examination of the accounts af the tharity for the year ended 31 Mah 2022 which are Set out on pages 6 to 14. Respecllve reSP(mbIllIoeS of trustees and ex•nlw As the tharws tntstees of Reeth & Distrirt CommUnityTrnnSpt itd land also. IVS dlrertors for the purposes of company law) you are responslble for the preparation of the accounts in accordance with the requirements of the Companies Act {'the 2C#)6 ACY). Havin¢ satlsfied myself that the a¢onts of Reeth & District CommunltyTransport Ltd are not required to be audited under Part 16 of the 2iX)6Art and are eliqible for independent examinatlon, I report in respect of my examination of your charitys accounts as carried out under section 145 of the Charltles Art 2011 {'the 2011 ACV). In carrying out my ex4mination I have followed the Dlrectlons glven by the Charity Commlssbn under sertion 145{5llb) of the 2011 ACL Indewdent ex•mlnerfs ststement I have Completed my ex•rninatlon. I confirm that no matters have come to rny attentlon In ¢onnectlon vAth the examlnation givirvd Me cause to belleve.. l. A¢¢ountinq records were not kept in resm of Reeth & Dlstrict CommunltyTransport Ltd as required by Se0 386 of the 2006 Act. or 2. The accounts do not accord with those records; or 3. The accounts do not compty wtth the accounting requirements of section 396 of thé 2006 Act other than any requirement that the accounts give a 'true and fair whlch Is not a rnatter considered as part of an independent examination; or 4. The accounts have not been plepared In accordance wlth the methods and principles of the ststement of Recommended Practice for accounting and reporting by charities {applicable to charities preparin8 their accounts in accordance with the Flnanclal Rep(rting Standard appllcable In the UK and Republic of Ireland IFRS 102)}. I have no concerns and have come across no other rnatters In connectlon wryth the examination to which attention should be drawn In this report in onler to enable a proper understsndlng of the accounts to be reached. 15 July 2022 Clarksons Thornborough Hall Leyburn North Yorkshire. DL8 SAB
Reeth & Dislricl CommunltyTran5PQrt Ltd 5taiement of finandal Artlvities for the Year Ended 31 March 2022 {Includln8 Income and Expendiiure Account and statement of Total Re¢o8nlsed Galns and Lossesl Unrestricted Restrlrted funds funds Total 2022 Ne Incom• and Éndowments from.. Donatlon5 Grants and Legacles Charitable Actlvities Investment Income 60.304 3.326 2.934 63,238 3.326 Total Income 63.639 2.934 66,573 Expendlture on: Raisin8 funds Charllable Activitie5 17,263 6.636 2,934 20,198 6.636 Total Expendllure 23,% 2,934 26,834 Net lexpenditure1llnrne Net Movement In funds 39,739 39,739 39,739 39,739 R8conclllatlon of funds Total funds broU8ht forward 37,986 8.399 46,38S Total funds carrled fopward 14 77,725 Unremflrted fijnds 8.399 Restrlrted funds 86,124 Total 2021 Note Income and Endowments from: Donations Grants and Le8acies Charltable Aciivltle5 Investment Income 60.845 Ico 12.311 73,156 Total Income 60,950 12,311 73,261 Expendlture on: Raising funds Charbtable ACtItIeS 19,716 6.665 3.912 23,628 6.665 Total Expenditu 26,381 3.912 30.293 Net lexpendltUTelnncome Net movement in funds 34.568 34,568 8.399 8,399 42.967 42,967 Reconclliation of funds Total funds brought forward 3.418 3.418 Total funds cauied forward 37,986 8,399 46,38S All of the charlty's aCtitIeS deTive from continuing operations during the above two periods. The funds breakdown for 2022 Is shown in note 16.
Reeth & Dlstrlrt CornmunltyTransm Ltd (Re8istradon Numbw 05412834) Balance Sheet as at 31 Marth 202Z 2022 2021 Note Hxed Assets Tangible assets io 8,803 11,738 Current assets Debtors Cash at bank and in hand li 16 449 114.994 115,442 -918 114,524 123,328 -37,203 86,124 763 72,363 73,126 Credftors: Am¢>unts fallln£ due wlthln one Net current assets Olabllltles) Total assets less current Ilabllltles Credltors: Amounts fallln8 due after more th•n one Net assets 12 72.286 84,023 -37,638 46.386 15 13 Fund$ of the charlty: Restrirted funds Unrestrlcted funds Total funds 8,399 77,725 86.124 8,399 37,986 46,385 14 For the financlal year ending 31 March 2022 the charlty was entrtled to exemptw)n from audit under section 477 of the Cornpanies Art 2CI)6 rdatln8 to small companies. DIreCS, responsibllltles The members he not regulred the charity to obtsin an audit of its accounts for the the year In question In accordanc• wlth sectlon 476; and The dlrectors acknowled8e their respon3ibilbties for comptyln8 wlth the requirements of the Art wlth respect to a¢countinq records and the preparation of accounts. These accounts have been prepared in aecordance wlth the provisnI appli¢able to companies 5ubjert to the small cornpanies regime. The financlal statements on pages 6 to 14 were approved by the trustees, and authorlsed for issue on 15 July 2022 and sig ed on thelr behalf by: Mr Andrew Bedford Director and Trustee
Reeth & tlstrlct CommunltyTr3nSPOrt Ltd Notes to the Finandal Ststements lor the Year Ended 31 Marth 20ZZ I Chorty ststus The charitv 15 limited by 8uarantÈe, incorporatèd in England, and consequently does not have share capltal. Each of the trustees is liable to contribute an amount not exedIng £Nil towards the assets of the charity in the evènt of liquidatlon. Thè address of thè registered tsfFice is.. Hud50n House Anwl Square Reeth North Yorkshlre DLII 6TB The prlncipal place of buslness is: Hudson House Anvll Square Reeth North Yorkshire DLII 6TB These flnancial ststements were autoTised for i55ue by the trustees on 04 Juty 2022 2 Actountln8 pollcles Summary ot 518nlflcant •¢¢ountlni polldes and key ac¢ountSng exlmates The prlnclpal accountlng polldes applled in the preparation of these financiol statements are set out below. These polities have been ¢ohStentIv applled to all the years presente¢l, unles5 otherwlse stated. Statement of compllance The flnan¢ial Statements have been prepared In accordance with Accounting and Reporting bv Charities'.Statement of Recommended Pra¢tice applitable to charitie5 preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 20151- (Charities SORP IFRS10211. the Financial Reportlng standard applicable in the UK and Republic of Ireland IFRS1021. They also comply with the Companies Act 21XJ6 and Charlties Act 2011. Basls of prep?ratlon Reeth & District Communlty Transport Lid meets the deflnltlon of a public nefIt entlty under FRSIO2. Asset5 and Ilabllitles are Inltlalty reco8ni5ed ai historical cost or transaction Value unless otherwlse stated In the Televant accounting pollcy notes. Goln8 concem The trustees eonsider thot there aye no vnaterlal uncertainiies about the £h•illY'S abllity t continue as a 80in8 Conrn nor any slgnificant areas of uncertainty that affect ihe carrying value of asset5 held by the charity. Exemptlon from preparln8 a cash ftow statement The chaiity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Income and èndowments All incomels recogni5ed onte the charity has entttlement to the income. it is probable that the income will be reIVed and the amount of the IrKome receivable tan be rneasured reliably.
Reeth & Dirtrict Community Transport Ltd Notes to the Financial Statements for the Year Ended 31 March 2022 Donatlons and le8ades Donations are reco8nised when the chartty has been notrfied in writing of both the amount and settlement date. In the event that a donation ts sublect to conditions that require a level of performance by the tharity before the charity is entitled to the funds, the income is deferred and nol recognised until eilher those conditions are fulty met, or the fulfilment of thos conditions 15 wholly within ihe control of the charlty and it is probable that these conditions will be fulfilled In the reportin8 period, Grants recelvable Grants are recognised when the chartty has an entitmeTht to the lunds and any condltions Ilnked to the Brants have been met. Where performance condrtions are attached to the grant and ar eyet to be met, the income is recognised as a liability and included on the balance sheet as deferred Income to be released. Expendlture All expenditure Is gnISed once there Is a le8al or construrtlve obli8ation to that expenditure, It Is probable settlement is requlred and the amount can be meo5ured reliably. All costs are allocated to ihe applicable expendlture headln8 that a88re8ate simllar costs to that category. Where costs cannot be dlrectly atlributed to particular headin85 thay have been allocated on a basls consistent with ihe use of resources. with central staff costs allocated on the basi5 of time spent, and depreciation char8es allocated on ihe portion of the asset's use. Other support costs are allocated based on the spread of 51aff costs. RaSsln8 funds These are c05t5 Incurred In attrartlng voluntary Income, the mana8ement of Investments and those incurred In trading activities that ralse funds. Support costs Support costs include central funttions and have been allocated to actlvlty cost cate8orles on basis consistent wlth the use of resources, for example. allocating property costs by floor areas or per caplta, staff costs by the tlme spent and other costs by their usage. Governance costs These Include the costs attributable to the charrty's compllance with constitutional and statutory requirement5. includln8 aud5t, strategic management and trustee'5 rneetlngs and relmbursed expenses. Government grants Government 8rant5 are reco8nised based on ihe accrual model and are measured at the fair value of the asset recelved or receivable. Grants are classrfied as relating either to revenue or to assets. Grants relatinE to revenue are recogni5ed in income over the period in which the related ¢05ts are recogni5ed. Grants relating to assets are recnISed over the experted useful lrfe of the asset. Where part of a grant relating to an aet 15 deferred, it is reco8ni5ed as deferred income.
Reeth & Dlstrict Communlty Tran5POrt Ltd Notes to the Financial Ststements for the Year Ended 31 March 2022 Taxation The charity is considered to pa55 the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charty is potentially exempt frpm taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gain5 Art 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tan8lble Flxed Assets Individual Fixed Assets costin8 £llJ).00 or MO are Initlally cOrded at cost. le55 any subsequent accumulated depreciation and subsequent attumulated impairment losses. Depreciatlon and Amort15atlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expected useful economic life as follows: Trade debtor5 Trade debtors are amount5 due from customers for merchandise sold or services perfomied in the ordinary course of business. Trade debtors are recognised initially at the transadion price. They a subsequently measured at amortlsed cost usin8 the effective interest method. less provision for imairment. A provision for the impairfflent of trade debtorsls establlshed when there Is objective evidence that the charity will not be able to collect all amounts due according to the original temis of the receivables. Cash and cash •qulvalents Cash and cash equivalents comprise cash on hand and call deposits. and other short term hl8hly Ilquid inbestments that are rÈadily convertible to a known amount of cash and are subject to an Ins18nificant risk of chan8e in value. Trade credStors Trade creditors are obllgations to pay for 8oods or 5er¥ices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities If the charity does not have an unconditional right , at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reportin8 date. If there is an unconditional right to defer settlement for at least twefve months after the rer)ortin8 date. they are presented a5 non-current liabilities. Trade creditors are recognised initially at the tran5attion price and subsequently measured at amortised cost usin8 the effective interest method. Fund strurture Unrestricted income funds are 8eneral funds that are available for use at the trustee's dlscretion in furtherance of the objective5 of the charity- Restricted income fund5 are those donated for use in a particular area or for specific purpose5, the use of which is restricted to that area or purpose. io
Reeth & Distrlct Community Trnnsport Ltd Notes to the Financial Ststements for the Year Ended 31 March 2022 3 Income from donations and legacies Unrestrirted funds Restrirted funds Total 2022 Totsl 2021 Donatlons and legacies,. Regular giving and capital donations Gifts aid reclaimed Grants, including capital 8rants.' Grants from other charities Grants from Local Authoritles 4.609 627 6,961 402 627 5,174 49,894 60.304 5,174 52,828 63,238 14,538 51,256 73,156 2.934 2,934 4 Income from ¢harltabl• artlvltles Unrestricted funds RestrSrt•d funds Total 2022 Total 2021 Charitable activities 3,326 3,326 100 5 Investment Income Unrestrlcted funds Restrfcted funds Totsl 2022 Total 2021 Interest receivable li
Reeth & Dlstrlct Community Transport Ltd Notes to the Financlal Statements for the Year Ended 31 March 2022 6 Expendlture on rnislng funds Unrestrirted funds Restrlrted funds Total 2022 Total 2021 Cost of Raising Funds 17,263 17,263 2,934 2,934 20,198 20,198 23,628 23,628 7 Expendlture on charltable artlvltles Unrestrfcted nds Restrlcted funds Totsl 2022 Total 2021 Governance Costs 6,636 6,636 6,665 £6,636 {2021- £6,665) of the above expendlture wos attributable to unre5trirtedfvnds and £Nil (2021- £Nil) to restrictedfunds. 8 Analy51s of governanee and support Costs Unrestrlcted fund5 Restrkted funds Total 2022 Total 2021 Audlt fees Le8al fees M8rketin8 and publicity Other governance costs 870 13 13 13 5,735 6.636 5.735 6,636 5,782 6.665 9 Taxation The charty is a registered charity and is therefore exempt from taxation 12
Reeth & 015trlct Comffluntty Transport Ltd Notes to the Financial Statements for the Year Ended 31 March 2022 10 Tanglble Flxed Assets Plant and machinery Motor Vehlcles Total Cost At l April 2021 Additions Disposals At 31 March 2022 514 37,185 37.699 514 37,185 37,699 Depreclation At l Aprll 2021 Charge for the year Disposals At 31 March 2022 297 25,664 2,880 25,961 2,934 351 28,544 28,896 Net book value At 31 March 2022 At l April 2021 163 8,641 11,521 8,803 11,738 217 11 Debtors Totsl 2022 Total 2021 Trade debtors Other debtors 449 763 449 763 12 Credltors.. amounts fallln8 due wlthln one year Totsl 202Z Totsl 2021 Trade creditor5 Other creditor5 918 918 840 13 Creditors: amounts falling due after more than one year Totsl 2022 Totsl 2021 Deferred income 37,203 37,203 37,638 37,638 13
Reeth & District Community Transwt Ltd 14otes to the Financial Ststements for the Year Ended 31 March 2022 14 Funds Balance at 01-Apr-21 Incomlng Resources Resources expended Balance at 31ar-I2 Unrestrirted funds Restrirted funds Total funds 37,986 8,399 46,385 63,639 2,934 66,573 -23.900 -2,934 -26,834 77.725 8,399 86,124 Bal?nce at 01-Apr-20 Incovnlns Resources Resources •xpended Balance at 31-Mar-21 Unrestricted fvnds Restricted funds Total funds 3,418 60,950 12,311 73,261 -26,381 -3,912 -30.293 37,986 8,399 46,385 3.418 15 Analysls of net assets between funds Uniestrlrted Funds General Total fvnds Tanglble fixed assets Current assets Current liabilities 8,803 115,442 -918 123,328 8,803 115,442 -918 123,328 16 Analysls of net funds At l April 2021 Cash flow At 31 March 2022 Cash at bank and in hand Net debt 72,363 72,363 42.631 42,631 114,994 114,994 14