**Charity registration number 1168643**
**Company registration number 10235284 (England and Wales)**
## **OUR BUS BARTONS LIMITED**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
## **OUR BUS BARTONS LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr R Brown Mr M Roberts Mr M Horwood-Smith Mr P Sharman Mr J Umney **Charity number** 1168643 **Company number** 10235284 **Registered office** Penrose House 67 Hightown Road Banbury Oxfordshire OX16 9BE **Independent examiner** Whitley Stimpson Limited Penrose House 67 Hightown Road Banbury Oxfordshire OX16 9BE **Bankers** HSBC Bank Plc 17 Market Place Banbury Oxfordshire OX16 5ED
## **OUR BUS BARTONS LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6 - 7|
|Balance sheet|8|
|Notes to the financial statements|9 - 16|
## **OUR BUS BARTONS LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025**
The trustees present their report and financial statements for the year ended 30 June 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charities Act 2011, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity's objects are to provide transport facilities for those residents of The Bartons and surrounding villages who have difficulty in using public transport because of age, sickness, mental or physical disability, poverty, or lack of availability of adequate and safe public transport services.
Our Bus Bartons aims to provide:
- Resilience and sustainability within our local community
- Local groups with the capacity to meet local needs
- Access to local services and minimises transport costs associated with rurality
- Efficient, accessible, professional value for money services that meet residents', local businesses' and customers' expectations.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake with regards to public benefit.
## **Achievements and performance**
## _Significant activities and achievements against objectives_
Our objects and our permit under the Transport Act limit the services we provide to those resident in Middle Barton and surrounding villages. Our Bus Bartons links our community with nearby transport hubs, shops and health centres in the main centres of population including: Woodstock, Deddington, Chipping Norton, Banbury, Bicester and Kidlington.
We maintain close contact with as many members of the local community, community groups, and Parish Councils as possible. We operate a website and Facebook and Twitter accounts, as well as communicating more traditionally through local newsletters, word of mouth, and telephone. Hire customers are asked for their feedback and our Passenger Liaison Manager reports at our monthly management meetings.
We have run a full timetable throughout the period, and the number of passenger journeys has been gradually increasing each month. Our monthly average over the reporting period is now at 91% of our Pre-Covid (2019) figures. We continue to try and increase passenger journey numbers and any suggestions for new routes or alterations to existing routes are always welcome.
We could not survive without the donations and support we receive from many sources. These include Local Authorities, Parish Councils and individuals, and our passengers contribute regularly through the ‘buckets’ in the bus. We are hugely grateful to everyone who supports us at whatever level, and hope that you will continue to do so.
We are again also extremely grateful to everyone who supports our services in many ways, including Chas and Nicki Taylor for our overnight parking and ‘depot’ facilities, Diane in the village shop for key holding, and Alan and his team at the Sports and Social for use of the car park as a bus stop, and the room for the AGM and other meetings. The buses continue to be kept clean inside and out by Mike and Karen Scearce with assistance from John Chisnall and Richard Banks, to whom we all give our thanks.
The majority of our passengers use the bus to get to supermarkets, local markets, doctors surgeries, dentists, opticians and banks. We also have a small number of commuters who use the service to link to the S4 Oxford/ Banbury service or the station at Lower Heyford.
- 1 -
## **OUR BUS BARTONS LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
For many if not most of these passengers it is the only means of independent travel available from Middle Barton and surrounding villages, and it is also a means of meeting up with friends and enjoying a chat with other passengers.
Sheila Tumman, the passenger representative on the management committee is a regular user of the bus, and is a staunch supporter of bus use, and she regularly consults with other passengers about possible additional services and changes to our existing services. The feedback Sheila receives shows a high level of satisfaction with our services, and a feeling that the passengers couldn’t do without the service.
Obviously we could not run the service at all without the support of all our drivers. Over the course of the year we welcomed one new driver. We now have a pool of twelve drivers to cover the twenty six shifts a week, and two other drivers who mainly drive for our private hires. This pool is normally sufficient to provide the cover we need until holidays and sickness coincide, when it gets more difficult, with drivers covering multiple shifts.
We still need new drivers, as many of our drivers are getting to an age where they will not be able to continue driving. Please do contact us if you would like to help as a driver, or you know someone who would like to drive for us. You can decide how often to drive and for how long, and we can provide MIDAS training if necessary.
A very big Thank You to our passengers for raising just under £2,500 in on-board bucket donations. Always much
appreciated.
We are grateful too for continued financial support from Parish Councils of Steeple Barton & Yarnton, and from Oxfordshire CC.
OurBus Bartons is all too aware that our sustainability depends on loyal passengers, the efforts of our voluntary drivers and the management committee staff (several of whom drive, wash the buses, carry out weekly servicing, etc) and whose work-load never ceases. Closely followed of course, by a constant need to find funds from seemingly fewer sources.
Our timetabled services run Monday to Friday between 07:00 and 18:40, and once a month on a Saturday. These services are used by our passengers for shopping trips, appointments at doctors and dentists and visits to banks as well as meeting friends and enjoying a trip on the bus for a chat and banter. Our drivers provide assistance to our passengers with loading and unloading shopping, and our services to Sainsbury’s and Tesco in Kidlington stop right outside the supermarket doors.
## **Financial review**
The trustees' role was to look at the overall strategy for the charity and to concentrate on ensuring that the charity meets its objectives, as far as possible, and continues to provide a service of the highest quality for the public benefit.
## _Reserves policy_
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has decreased during the year being £237,589 (2024 - £257,427). The level of free reserves has increased during the year to £224,388 (2024 - £68,558).
## _Major risks_
The trustees has assessed the major risks to which the charity is exposed. The management committee regularly conducts a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.
- 2 -
## **OUR BUS BARTONS LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
## **Plans for future periods**
There are three main focuses over the next twelve months:
- Focus on the continuous operations and development of the new electric buses
- Continue to try and recruit additional drivers
· Continue to get the message out about our services, and to find ways of increasing passenger numbers. So, it looks like another exciting year, and we look forward to continuing to provide our services to the people of Middle Barton and the surrounding villages.
## **Structure, governance and management**
The charity is a company limited by guarantee, incorporated on 16 June 2016 (company number 10235284) and registered as a charity on 5 August 2016 (charity number 1168643). The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr R Brown
Mr M Roberts
Mr M Horwood-Smith
Mr P Sharman
Mr J Umney
## _Recruitment and appointment of trustees_
The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the members of the management committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
The management committee meets monthly to discuss both strategic and operational issues and the notes from these meetings are available by request. All members of the management committee and drivers give their time voluntarily and receive no benefits from the charity.
The management committee regularly conducts a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.
None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute an amount not exceeding £10 in the event of a winding up.
The company's current policy concerning the payment of trade creditors is to:
- settle the terms of payment with suppliers when agreeing the terms of each transaction;
- ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
- pay in accordance with the company's contractual and other legal obligations.
## _Organisational structure_
Throughout the year ended 30 June 2025, the management of the charity was the responsibility of the chair of trustees Mr R Brown and a management committee under the chairmanship of Mr K Caldwell. The committee also consists of Mr M Horwood-Smith, treasurer, Mr M Roberts, directors of operations, Ms S Tumman, passenger liaison, Mr J Umney, communications, and Mr P Sharman, driver rotas and co-ordinations.
- 3 -
## **OUR BUS BARTONS LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
The trustees' report was approved by the board of trustees.
Mr M Horwood-Smith
**Trustee**
16 March 2026
- 4 -
## **OUR BUS BARTONS LIMITED**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OUR BUS BARTONS LIMITED**
I report to the trustees on my examination of the financial statements of Our Bus Bartons Limited (the charity) for the year ended 30 June 2025.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Hermione Hymers ACA**
Whitley Stimpson Limited Penrose House 67 Hightown Road Banbury Oxfordshire OX16 9BE
Dated: 16 March 2026
- 5 -
## **OUR BUS BARTONS LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 30 JUNE 2025**
|**Current financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2025**
**2025**
**2025**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
46,570
-
20,000
Investments
**4**
880
-
-
**Total income**
47,450
-
20,000
**Expenditure on:**
Raising funds
**5**
220
-
-
Charitable activities
**6**
77,006
-
10,062
**Total expenditure**
77,226
-
10,062
**Net income/(expenditure)**
(29,776)
-
9,938
Transfers between funds
185,606
(4,524)
(181,082)
**Net movement in funds**
**8**
155,830
(4,524)
(171,144)
**Reconciliation of funds:**
Fund balances at 1 July 2024
68,558
4,524
184,345
**Fund balances at 30 June 2025**
224,388
-
13,201|**Total**
**2025**
**£**
66,570
880
67,450
220
87,068
87,288
(19,838)
-
(19,838)
257,427
237,589|**Total**
**2024**
**£**
223,632
1,194|
|---|---|---|
|||224,826|
|||-
38,382|
|||38,382|
|||186,444
-|
|||186,444
70,983|
|||257,427|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **OUR BUS BARTONS LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 30 JUNE 2025**
|**Prior financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
45,700
-
177,932
Investments
**4**
1,194
-
-
**Total income**
46,894
-
177,932
**Expenditure on:**
Charitable activities
**6**
37,779
-
603
**Total expenditure**
37,779
-
603
**Net income and movement in funds**
9,115
-
177,329
**Reconciliation of funds:**
Fund balances at 1 July 2023
59,443
4,524
7,016
**Fund balances at 30 June 2024**
68,558
4,524
184,345|**Total**
**2024**
**£**
223,632
1,194|
|---|---|
||224,826
38,382|
||38,382|
||186,444
70,983|
||257,427|
- 7 -
## **OUR BUS BARTONS LIMITED**
## **BALANCE SHEET AS AT 30 JUNE 2025**
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**15**
Unrestricted funds - general
**16**
Unrestricted funds - designated|**2025**
**£**
13,092
72,324
85,416
(4,057)|**2024**
**£**
**£**
156,230
214,929
234,798
449,727
(210,092)
81,359
237,589
13,201
224,388
-
237,589|**£**
17,792
239,635|
|---|---|---|---|
||||257,427|
||||184,345
68,558
4,524|
||||257,427|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 16 March 2026
Mr M Horwood-Smith
## **Trustee**
Company registration number 10235284 (England and Wales)
- 8 -
## **OUR BUS BARTONS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025**
## **1 Accounting policies**
## **Charity information**
Our Bus Bartons Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Penrose House, 67 Hightown Road, Banbury, Oxfordshire, OX16 9BE.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
As per SORP (FRS102) the performance model is used to identify when grant income is recognised in the financial statements. The performance of service is undertaken in the year however the application and approval by the Department for Transport is not received until after the year end. Therefore, income is recognised in the following accounting period when the claim has been approved and is successful. Included in these accounts is £2,875 which relates to expenditure incurred in 2024 (2024 - £3,486 relates to expenditure incurred in 2023).
- 9 -
## **OUR BUS BARTONS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Depreciation charges are allocated on the portion of the asset’s use.
Resources expended are included in the statement of financial activities on the accruals basis exclusive of any VAT as VAT is reclaimed.
Expenditure that is directly attributable to specific charitable activities is charged to those cost categories.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 20% straight line Motor vehicles 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 10 -
## **OUR BUS BARTONS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
43,695
20,000
Grants
2,875
-
46,570
20,000|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
63,695
42,214
174,932
2,875
3,486
3,000
66,570
45,700
177,932|**Total**
**2024**
**£**
217,146
6,486|
|---|---|---|
|||223,632|
Grant income is comprised of unrestricted funds of £2,875 (2024 - £3,486) relating to a BSOG Grant. Restricted funds of £nil (2024 - £3,000) related to a fund which reduced fares charged to Ukrainian refugees.
Restricted donations of £20,000 (2024 - £nil) relate to funds from Oxfordshire County Council for support of publicity, promotion and running of services and new electric vehicles.
## **4 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Interest receivable|880|1,194|
## **5 Expenditure on raising funds**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Fundraising and publicity**|||
|Other fundraising costs|220|-|
- 11 -
## **OUR BUS BARTONS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
## **6 Expenditure on charitable activities**
||**Transport**|**Transport**|
|---|---|---|
||**services**|**services**|
||**2025**|**2024**|
||**£**|**£**|
|**Direct costs**|||
|Depreciation and impairment|41,822|11,636|
|Insurance|610|572|
|Motor expenses|36,530|19,057|
|Recruitment costs|-|603|
||78,962|31,868|
|**Share of support and governance costs (see note 7)**|||
|Support|5,056|3,464|
|Governance|3,050|3,050|
||87,068|38,382|
|**Analysis by fund**|||
|Unrestricted funds - general|77,006|37,779|
|Restricted funds|10,062|603|
||87,068|38,382|
- **7 Support costs allocated to activities**
|**_Basis of allocation_**
Office expenses
_Income within charitable_
_activities_
Professional fees
_Income within charitable_
_activities_
Printing, Postage and Stationary
_Income within charitable_
_activities_
Sundry expenses
_Income within charitable_
_activities_
Telephone
_Income within charitable_
_activities_
Subscriptions
_Income within charitable_
_activities_
Governance costs
_Governance_
**Analysed between:**
Transport services|**2025**
**£**
1,902
160
410
222
2,290
72
3,050
8,106
8,106|**2024**
**£**
1,076
350
344
28
1,485
181
3,050|
|---|---|---|
|||6,514|
|||6,514|
- 12 -
## **OUR BUS BARTONS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
## **7 Support costs allocated to activities**
**(Continued)**
All support costs are in relation to overall charitable activities conducted by Our Bus Bartons,
Governance costs included payments to the independent examiner of £3,050 (2024 - £3,050) for the independent examination and accountancy fees.
|**8**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Depreciation of owned tangible fixed assets|41,822|11,636|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **10 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Total|-|-|
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 13 -
## **OUR BUS BARTONS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
|**12**
**Tangible fixed assets**
**Fixtures and**
**fittings**
**£**
**Cost**
At 1 July 2024
13,237
Additions
2,010
At 30 June 2025
15,247
**Depreciation and impairment**
At 1 July 2024
4,895
Depreciation charged in the year
2,284
At 30 June 2025
7,179
**Carrying amount**
At 30 June 2025
8,068
At 30 June 2024
8,342
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
Trade creditors
Accruals and deferred income|**Motor**
**vehicles**
**£**
64,000
178,250
242,250
54,550
39,538
94,088
148,162
9,450
**2025**
**£**
609
2,012
10,471
13,092
**2025**
**£**
1,057
3,000
4,057|**Total**
**£**
77,237
180,260|
|---|---|---|
|||257,497|
|||59,445
41,822|
|||101,267|
|||156,230|
|||17,792|
|||**2024**
**£**
5
30,478
184,446|
|||214,929|
|||**2024**
**£**
207,092
3,000|
|||210,092|
- 14 -
## **OUR BUS BARTONS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
## **15 Restricted funds**
The Buses restricted fund is funded by grants and donations and relates to the continuing support of the electric bus initiative. The income within this fund for the year included £20,000 (2024 - £174,932) from Oxfordshire County Council for support of publicity, promotion and running of services and new electric vehicles. The prior year income from The National Lottery Community Funds for the purchase of the two new electric buses has been transferred to unrestricted funds within the year following delivery in July 2024.
In the year, there was expenditure of £10,062 (2024 - £nil) against this restricted fund.
The Ukraine fund relates to a community transport grant provided to allow for discounted travel to be provided to Ukrainian refugees. The income within this fund for the year included £nil (2024 - £3,000) from Community First Oxfordshire. In the year, there was expenditure of £nil (2024 - £603) on recruitment costs against this restricted fund.
|**At 1 July 2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
Community grant
20,000
(10,062)
-
Buses
181,082
-
-
(181,082)
Ukraine fund
3,263
-
-
-
184,345
20,000
(10,062)
(181,082)
**Previous year:**
**At 1 July 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At**
**£**
**£**
**£**
**£**
Buses
6,150
174,932
-
-
Ukraine fund
866
3,000
(603)
-
7,016
177,932
603
-|**30 June**
**2025**
**£**
9,938
-
3,263
13,201
**30 June**
**2024**
**£**
181,082
3,263
184,345|
|---|---|
## **16 Unrestricted funds**
The funds of the charity include the designated funds which have been set aside out of unrestricted funds by the trustees for the specific purpose of the purchase of buses.
||**At**|**1**|**July 2024**|**Incoming**|**Resources**|**Transfers**|**At 30 June**|
|---|---|---|---|---|---|---|---|
|||||**resources**|**expended**||**2025**|
||||**£**|**£**|**£**|**£**|**£**|
|General funds|||68,558|47,450|(77,226)|185,606|224,388|
- 15 -
## **OUR BUS BARTONS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025**
|**16**|**Unrestricted funds**|||||**(Continued)**|
|---|---|---|---|---|---|---|
||**Previous year:**|**At 1 July 2023**|**Incoming**|**Resources**|**Transfers**|**At 30 June**|
||||**resources**|**expended**||**2024**|
|||**£**|**£**|**£**|**£**|**£**|
||Buses|4,524|-|-|-|4,524|
||General funds|54,919|46,894|(37,779)|-|64,034|
|||59,443|46,894|37,779|-|68,558|
## **17 Analysis of net assets between funds**
|**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**At 30 June 2025:**
Tangible assets
156,230
-
-
Current assets/(liabilities)
68,158
-
13,201
224,388
-
13,201
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**At 30 June 2024:**
Tangible assets
17,792
-
-
Current assets/(liabilities)
50,766
4,524
184,345
68,558
4,524
184,345|**Total**
**2025**
**£**
156,230
81,359|
|---|---|
||237,589|
||**Total**
**2024**
**£**
17,792
239,635|
||257,427|
## **18 Related party transactions**
During the year £829 (2024 - £538) was paid to 4 trustees and one management committee member, being reimbursed costs for vehicle, travel, office, and health and safety expenses.
- 16 -