WELSH BORDER COMMUNITY TRANSPORT A CHARITABLE INCORPORATED ORGANISATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Cliarity registration iiumber 1169910
WELSH BORDER COMMUNITY TRANSPOR T LEGAL AND ADMD41STRA TIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustee5 Mr C Bolton Ivtrs C D Evaiis (Chair) Couiicillor V Gay Mr M Harris Mr G Hayes frs L Mellor Mr R Peters Mt A Woolley Mrs PA E Woolley Ms. Saiidra I)01108liue (Deceased Nov 2024) (Appoiiited 2024) Charity llumber 1169910 Principul ddresS Toivn Couiicil Building The Cyoss Mold Road Buckley Flintsliire Independenl ex4inlner Ai)J)eiii8rie Ivey BS¢ ACA Atk'inson Accounts 12 Mold Road Buckley Fliiitsjiire CH7 2JB
WELSH BORDER COMMUNITY TRANSPORT CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pfige Tn]stees' r¢port Jiidependent exaiiii]ieVs report Stalen)¢iit of fllian¢illl ac(iv&li¢s Balaiice sheet Notes to th¢ fanCIal stateineiits 7-14
WELSH BORDER COMMUNITY TRANSPOR T TRUSTEES'REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Tl)e trustees pr¢s¢nl Il)¢ir aimiwl report ai)d fll)ai)cial slateRnents for tl)e year ei)ded 31 Deeeniber 2024. Tl)e fii)anci<?I statemeiils liave beeii prepared iti accord)ce ividi t]ie accoilllting policies set oiil li) i)ole I lo Ili¢ finan¢ial staleiiients atid coinply ivit]) tl)e cliarity's goveniuig do¢unient. the Charities Act 2011 and"A¢coiiiiliiig aiid Reportiiig by Charities.. Stateiiieiit of Recoii)nieiided Prgctsce applicabl¢ to ¢harili¢s pr¢p8rii)g tli¢ir u¢¢ouiils in 8c¢oidance ivith the Fll)an¢ial Reporting Stsiidard &ppli¢abl¢ i]1 tlie UK aiid Republic of Ireland {FRS 102) (effective l Jaiiuary 2019)" Objectives aild Actiyities W¢lsh Border Coii)muiiity Trai)sport {WBCT) has iioiy been esthblislied for 34 years bellig sel lip originally in 1991. Our sfated ai]n thei) as il 1$ noiv is lo provide oi) deit)and, alTordable and accessible trai)sporl services for elderly aiid or disabled ll)dividua15 or resideiits iviili addilioilal iieeds t])ug1)017t the County ofFluitsliire. Workii)g for tlie bei)efit of individiials, organisatioiis aiid other ¢onllnuiiity groiips. people who are al risk of social isolalioii, lliequality of traiiswrt oppojliuiilies, helpii)g to ullprove tiiental liealth througl) iiiclusioii aiid a ratig¢ of factor5 or noi)-specilic need. We eiiable l(Kal groups and orgw)isalions lo b¢iiefil froin loiv ¢osL depeiidable tiansporl services for &ndividiials ivho l)ave additioi)al need 01 belaiise Iliey are al risk due to loiieliiiess, disability, illi)ess, bellig elderly or liviiig iji isolclted areas Ivhere tiiere are iio lldeqiiate public lrniisport facilities. Oiir main activities are tailored lo the ivell-being of d)ose people tiiat iise our $ervic¢s. namely ittedi¢al appollitsi)eiits, social and liiiicl) clubs, liclirdressels appointsiients, visituig loved oi)es id social acts'vities in general. Tl)es¢ a¢livilies pies¢i)t individua15 who are isolated the opportilliity lo socialise, protnotuig Ivellbellig opportunities and provisioning. This represeiats approxinmtely 620/0 ofjounieys undertakeii by WBCT. Ali iinportanl s¢rvi¢¢ WBCT op¢r81¢s are the nuinero(Is "sliopper" groiip5. conveying persons froill sheliered resideiitial liousii)g or village areas offerijig a door-to-door servi¢e and ac¢ouiiling for approxllnalely 35 % of all journeys. WBCT Future PIRn5 Welsli Border Ive Ét loiig liistory ofretauiijig slaffover niw)v years howev¢r as tsnie p8sses on Ilie staff are aging so a succession plan 1$ beii)g fonnulaled diiring 2025 and into 2026. Firstly ll)e Manager ivl)o will reach stale relirenieEil age iii early 2026 is looking lo l)ave a trained aiid lip lo speed replacenient lo eiisiwe a sInooth cliaiige over ivheii the tin)e oCciS polei)tially. Folloivi118 thi$ in the next feiv y¢ars m051 of the slaff ivho a]r in iheir early sixties or approachiiig that age Inay retire or leave diie to ill healt]I, iione are coiisidering retireillenl CiUTeiiily. Beii)g a traiisport Cliarity it is importanl tl)at oiir vehicle fleet are also iiiodern and fit for purpose, over ¢h¢ ii¢xt 1-6 y¢ar$ subject to 4dequat¢ fui)dii)g t]iere ivill be a rolling program ofvelii¢l¢ r¢pla¢¢n)ail. Longer terni it is enyisaged lliat WBCT will seek out iieiv preniises subject to fmaiices ivlieff all vel)i¢les ai)d sthff operations Can b¢ lioused on oi)¢ site, hoivever t]lls is not likely lo b¢ any linie sooii The knistees liave paid due regard lo guidance iSSLied by the Cl)aiity Coiilliiissioii in deciding ivliat activities tlie clinrity slioiild undertake. Pa8¢ 1
WELSH BORDER COMMUNITY TRANSPOR T TRUSTEES'REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Acbievemenls nnd performRnce We operate ivitli a sJi)nll slatT ofpaid drivers15) plu$ the Operalioi)s Manager aiid Assist&iil Manager ivho speiid part of their tiii)e driving ivheii required. We also liave hvo office staff lookii)g after bookuig, sclieduling ai)d accounts el¢. We also depeiid oti our team of volunteers ivhicli i)oiv totals 6 iiidividuals to suppleiiient the ivork ofdie lid slaft. Durllig 2024 we received our regiilar Biis Service graiit froiii tlie Welsli Govermi)eiit {£202.765) Ivliich is tli¢ iimllistay ofollr yearly fwiding bllt ivas not siirricieiit for lis to break eveii lli th¢ year, additionally ive ivere gtai)t¢d fiinding froin the Nalioi]al Lottery Coiiuiiiinity lllnd iii tlie siun of £IOO,000 over tIee years1202425 &26) this was specifically for einplos'ing anotlier driver, 11)eir 5alllry and piwchasuig of a sn)all illinibus ]d not lo siippleinent Ol regiilar duties . We RTe iioiv a"Real Living Wage "eniployer ivhich l)as added coiisiderably to our salane costs (riSll bv llp to 160/0 in 2024) aIid ive have contlliued to be hit by fluctualu)g fiiel costs. liiglier iiiSilTaii¢e ¢osts, malliteiiaii¢e and geiieral ¥osts llicurred in operating the charit), Our r¢v¢niie froin fares ¢ollected in 2024 totalled £45,142 incliidllig donalioi)s and niembersliip coiitribiilions lip fron) £36,792 in 2023 an uicrea5e o(22.6Vo. Eviden¢e sllggests tlwl tJ)e need for our services is agai]i iii tlie ascertden¢y iyitli lis often ivorkiiig lo full capa¢ity. Finnnclal reyieiv The results for Il)e year aiid Ili¢ ¢haritys fii)aiicial position al Il)e eiid ol'ih¢ year are slioivn ii) tlie attached fiiwicial slalen)eiits. Year ¢nd 2024 saiv a net SU4)lus of £36,70i {2023: 1)¢1 siwpliis of£i1,6911. Our n)ain source of llicoine is still tl)e Bus Service Support Gront IBSSG) Ivl)ich tolalled £202,464 (2023.. £201.380). Th¢ ¢l)arity's prin¢ipol soiitces of fwids, as ll)di¢ated above. is froin a regional Blis Setvices Siipport Graiil (BSSG) from Welsli Governn)eiit to tlie six cowities of Norih Wales ai)d distiibuled in accordaiice ivid) app]icalions niade frorn Il)e various coiiununil}¥ tr8nsporl operators iti eacli aiiihority in North Wales. Durijig 2024 ive ivere graiited a 3 5iear Nalioi)al lottery Con)munity grant (statllli8 oil 211612024) as of 3111212024 ive liave received £41,745 01 ti)is grant M,hi¢h is giveii for sp¢¢ific piiryoses. Ollr iu)restricted reserves goll)g into 2024 ivere £280,398 as or 31st De¢ember 2024. Of Iliis £81294 ivas represeiiled by fixed assets used operationally by tlie charity. The cUe11t ¢asli reserve is £208,930 (2023.. £247,804) Res¢eS It is tlie policy of llie charity that w]restsi¢ted funds iyhich have not been desi8iiated for u spe¢ific use sliould be inRll)lained at level equivaleiit to betiveei) six and hv¢lve inoiit]I's exp¢i)ditllre. lil addition the Trustees have inade provision tlial sl)ould WBCT ¢ease lo exist rediuidancy paynients to staff ivould total £50,000. Tlie tsu$l¢es coi)sider that r¢serves aÉ this level ivill ensui¢ tIt, in Il)e eveiil ora significant drop in luiidllig, t]iey ivill be able lo contlliue the ¢liarity's £iirrei)t a¢livilies ivhile ¢onsideration is given to ivays ui ivl)ich additional fiiiids illay b¢ raised. Tliis level of reserves has beeii mainlaiiied througlioul the year. Risk oll¢ The trustees have assessed die n)ajor risks to ivhi¢l) th¢ cliarity is exposed, and are satisfied that syslems are pla¢¢ to initigate exposure to the major risks. P&8¢ 2
WELSH BORDER COMMUNITY TRANSPORT TRUSTEES'REPORT {CONTINUKD) FOR THE YEAR Ef4DED 31 DECEMBER 2024 Structure overJ)ance math ¢inen¢ The charity is a regislered Charitable lii¢orpornted OrgliSatiOn (CIO) (Asso¢iolioii Stnictiire) iiuinber 1169910 iiry¢h volll18 In¢ii)bers otlier than ils Tnistees govemed by ¢oi)slitulion dated 24 October 2016. The lSteeS ii,lio served durllig the yeur aiid lip lo llie dale of signature of tlie fllwicial stalemei)ts iv¢r¢.' Mr C Bolton {treagur¢r) Mrs C D Evaiis (Cliair) Coiincillor V Gay Mr M HatTiS (Vice Chair) Mr G Hayes Mrs L Mellor Mr R Peteis Cl]r Mr A Woolley Mrs PAE Woolley Ms. S81)dra Doiioghue All tlie trustees shall be members ofthe CIO or Ilie dilly appoi]iled represei)talives of orgaiiisatioiis ivliich ate n)emb¢rs. (Decellsed November 2024) Tl)e CIO lias a board oftnislees ¢oi)Iprising not less t]iaii lIee {3) person$ aiid i)ot niore tl)aii hvelve (12) persoiis. Tl)e triistees are ¢l¢cled aiitiiially by tlie iiieinbers at the AGM ol'tlie CIO aiid relirii)g niembers sl)all be eligible for re-el1101) Iirythoiil lurtl)er iiomuialion. The trustees ar¢ supported in (tie day to day opeialions of WBCT by a mai)ager, paid slaft ivliicli includes officel adnii]i persoill)el, drivers aiid a teain of voltiiil¢ers. The tnistees iionnally nieel on ive¢kday afteniooi)s or eveiiii)gs al least b1-qi1terIy, Ivith other iiieetings held for reasoi)s of iirgeiicy. Meelii)gs are IioiiT COI)ducted face lo face at oiir offi¢¢s iii Buckley. Trustees 8r¢ provided ivith tlie WBCT constitution aiid any relevaiit Cl)arity Conlli)ission lll(Ornlclt1021 e.g. The Essei)1181 Trustee el¢. As stated, tile tnistees iiieet on a i¢giilar basis <2tid are provided ivith ciitrait fjtvdncial dats. reports elc. muiiiles of the previous trustee meelijig ]d oiitcoi)ies noted for Il)e olli¢e ijianager to disseiiiii)ate lo staly. The pay for eiiiployees aiid any alloivaiices for voliiiileers is sel against Ilie agreed pay policy Ihal is r¢vieii'ed aiulillY togetlier vith any ot]ier policies or eineigiiig legislative cl)aiiges (i.e. illinlliiuni pay el¢ ). WBCT is a1]Iated to tlie local CVC and th¢ Conunuiiity Trai)sporl Associatioii ld ivorks witli all local l)ospilals coi)veyin8 ¢lieiils to niedical appouilni¢Jils, ¢aTe hoines aiid supw)rled livu)g ¢entres in the counly aiid many otlier lo¢al ivellbeing aiid social iietivorkiiig clubs proiiioliJ)g iiiLliisioii aiid lielping lo ¢on)bat iwlotion aiid ll)eqiiality. The trnslees, rert ivas approved by the Board of Tnistees. Mrs C D Evnns (Chair) Trllslee Dated.. 3rd PB8e 3
IITELSH BORDER C.ON.INqUNITI." TRANSPORT INDfiPEI NDEN'T ENAN,IINER'S REPORI, TO THE TRUSTEI Eis ofi IIIELSH BORDCIR co1uNI.fy TRANSPORT FOR THE I'EAR ENDED 31 DEC[l,1BER 2024 l pOrt lo the tnJste¢s oil my ¢xaiiiiiialioJi of ihe fiiiajicial sial¢iIiet& of Wel$li Border Coinmuiiity Transp)rt Itlie charity) for ilie y¢aT ended 31 De¢¢inber 2024. This I'eport is niAd¢ solely lo th¢ tyharity's tn151¢es, as a bod),. it) a¢¢ordotJce iviih s¢¢tioii 145 of the Charitl¢5 Aci 2011. My ivork ha5 b¢¢n iiiidertaken so tl)at l JJJi8lit 5tal¢ to tlie cliority's Inislees t1105# Iiiatters l oin r6qiiired to stal¢ to iheiii iii tliis r¢p)rt omd for iio oih¢r purpose. To ili¢ fullest ¢xt¢ht p¢riiiitted by laiv, I do not acc¢pt or assum¢ r¢SlI$1bilIty to aiiyoiie otlier thali ili¢ cliurity and tlie cliarity's Inist¢¢s as o body. for Iiiy ii'ork, for tlii$ report, OT for tlie opiJiion5 1 have fornied. onsibllltios and basis vf I'e ort As tlie ttust¢es of the cljurity yul are resp0115ible lor t5Je prtrpara(ioii of tli¢ fiiiancigl stoteni¢llt5 in accorda11 iviili tlie reqiiitrEt)¢ntS of tlie Chaiiti¢s Act 2011 {th¢ 2011 Act). HJvit)8 satl5fi¢d thvself tljat Ili¢ a¢¢oiii)Is of tlir comp2t3y are iioi required to be #iidiled iit)der Part 16 of ilL¢ 2006 Act lliid are ¢li8ibl¢ foT iiid¢peJidtiit ¢XQE))itifjtion, I report iii respect of my ¢xllii)iiiatÈoll of yovr clioTLty's accouiits as curried Olli uiider s¢ctLon 145 of lh¢ Charities Act 2011 {'the 2011 A¢l'). Iii carrying oiit ¢Jiv exoiniiialion I hav¢ folloiva the Dir¢ctioths given by the Charity Comtnissiot) uiid¢r section 145(5) Ib) of tlje 2011 A¢t. endent nei. 5 State Sin¢¢ the charity's gross income exc¢¢ded £250.000 your eliaEnin¢r IliiLSt b¢ a ill¢mb¢r of 8 body li5t¢J iii sectiiyi 145 of tlie 2011 A¢t. l ain qiialified to ujidertake tli¢ examhjiatioii by beiiig a qiialifi¢d ii)eJiib¢r of lh¢ liistittit¢ of Cligrtered Accoiirttaiits iii En8lHLid id Wal¢s I liav¢ ¢oinpl¢t¢d my ¢xg111iiiation. I ¢)fIni1 tliai no matter5 liuvr ¢om¢ to my ottrlltiots iii ¢OtiJi¢clil 1I4tli the ¢xaEt)it)AtIOll 8jVLJ18 ii)e eaiise to believe tliat irt 8iiy Iijatetiol i¢$p¢¢t'. accouttling records Ive not kep( iii accordaii¢e ivith s¢rliOt1 130 of 111¢ 2011 Ac¢. or tli¢ fiii8Jicial 51at¢meJJts do llot a¢¢ord ivith those f¢¢ords; or tlie flnancial siateiJieJJts do noi ¢oiiiply iTh?tli th¢ applieabl¢ r¢quir¢iJieJits und¢r $¢¢tiotJ 386 of tli¢ 2006 Act oili¢r tliBJi uny r¢quii'e*iJent tliat tli¢ fiijancial stht¢niei)ts giv¢ a'iNe 91Jd tairf vi¢iv is not a malt¢r ¢oJIsided a5 Port of iJid¢p¢iid¢nt exairtirtatioi); or tlie accoullts hol'e Jioi b¢¢n pr¢pgred iii oc¢ordort¢e ivitlj tlie m¢thods aE)d priiiGiples of tlje Stal¢iiient of rccomiiiended Praclh¢e for acc(xiiitin8 and reportin8 by ¢1181ities applicabl¢ to eliarities pr¢pariJi8 th¢iT a¢¢oun15 ill occord8n¢e iTritlJ Ili¢ Fiiiwjcial Reporting Staiidard applicabl¢ in the UK aiid R¢public of Itrlaiid IFRS1021. I liave iio coii¢¢nis alid liov¢ ¢om¢ ocross no otlier inattcJ5 iii ¢ille¢ti1 ilitli tlie examitt4lioJi lo ivhicli att¢ntioJJ slioiild b¢ draiwi ill thi5 rel iii ord¢r io ¢iiable a proper Iinderstanding of tlie f111achaI siaietjieiils to b¢ i¢a¢lied. Aiiiieinari¢ Ivey Bsc ACA Atkijjsoii A¢¢outits 12 Mold Road Buckley CH7 2JB Siwi¢d.. Dated.. 7th F¢brn 25 P88e 4
IVEESH IIORDER COh.Ili'lUNITY TRANSPORT srATEMENT or rilNANCIAL AcTITIEs INCLUDING INCOfvIE AND ÉIPENDITURE ACCOUNT riOR I'IIE YIAR ENDID 31 DCCLI¥IBER 1024 Ui)i'ÈAtrlcled Tot#1 Totnl Fun41¥ fild3 2024 2024 2024 2023 Note liicoiiie from,. Donalions and l¢gts¢i¢$ ChAritsble &ctjVLlies Investments Tot81 income loo,000 204,852 42,754 2,359 249 965 304.852 41,754 2 J59 349 96S 244,589 33,583 loo 000 279 954 -102 212 302 12 313 2611 313 60 268 Total e%p¢ndilure Net incoiniJiWloulgoing) r¢50uIKeg befor¢ Ir&nsf¢r8 Net IMcoihol(expeiidltui'e) foi. the yeai'l Net liVeMe111 fundg Fumd b8lBnces al l January 2024 Tran5f¢r3 b¢liv¢¢n fun Fund b8lBnces al JI D¢¢Emb¢r 2024 952 36,705 309,48S 11,091 297,794 309.485 280 398 346 190 Th¢ $tsl¢meDI of finllnoithl a¢livitS¢8 inolud¢3 all gain7 and108ses r¢¢o8tti¥¢d in lh¢ Tlie sIl¢mnI of finan¢inl Aelil'ilj in¢lud¢i g118ains aThd lo¥¥¢¥ r¢¢o81118ed iji th¢ y¢ar. All in¢om< and &xpEttdItr¢ d¢rive froin eonlinuin8 ll¢tiviliey. Pa8¢ 5
WELSH BORDER COMMUNITY TRANSPORT BALANCE SHEET AS AT 31 DECEMBER 2024 Note5 2024 2023 Fixed a$5et5 Tai)gible ass¢ls Cui'rent 05set5 D¢biois Cash 8t bai)k and iii liand li 81,294 64,236 12 62,610 208,930 271,540 6,644 5,375 247,804 253,179 7.930 Credllor5: ninount5 falling due wlthln one )'ear Nel Cuent assets Total n5set5 less £uri'ent Ilfvbllltles The funds of th¢ ¢harl¢y Reslricled [ldS Unrestricted fuiids 13 264,896 346 190 245.249 309 485 65,792 280,398 346 190 309,485 309.485 Tlie financial staleineiits ii'ere llpprov¢d by the Inislees on . Mrs C D Evans (Cliair) Trustee Pa8¢ 6
WELSH BORDER COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l Accoun¢lng policles Chnrlty Informullo Welsli Border Cointiiiuiilv TlspOr1 is a Cliaritable Iiico4)orated Orgai)isatioii (CIO). 1.1 Accouiitlng conyeiition Tlie finaiicial statemeiils have b¢en prepared in ncccrdtstsce ivith d)e cliartty's goveniing dociiinent, the Cl)aiities Act 2011 and "A¢¢olliituig ld Reporting by Charities.. Stalemeiit of Re¢onuneiid¢d Practice applicabl¢ lo cliarilies preparing ieir a¢cOltS in accord811ce iviih tlie Finaiicial Repottii)g Standard applicable lll tl)e UK )d Repiiblic of Ireland (FRS 102) (eifeetive l J1vary 2019)" Tlie charity is Public Benefit Eiitity as defii)ed by FRS 102. Tlie charity lias taken advantage of the provisioi)s ui the SORP for charities applying FRS 102 U5yJale Biilletin l ijotto prepare a Stateineiit of Casli Floivs. The fan¢181 Stat1]entS Ive departed from the Cliarities (Accowils 8nd Reports) Regiilalions 2008 oiily to Ilie exteiit required lo provide a true aiid fair vieiv. Tl)is departure lias iiivolvcd folloivi]ig tlie Slateinei)t of Re¢oiimieiided Practice for ClritieS applying FRS 102 rather than Ili¢ versioi) of the stalen11t of R¢¢oi)uiieiided Practice ivl)ich is referred to lli the Regiilalions bul ivliicli has $ii)ce beeii ivitlidrali. The fiiiancial stal¢ii)eiits are prepared ll) Sterliiig. Ivl)icli is the funclional Cuffeiicy of the charily. Moiielary llniowils in tl)ese rll1Ic1al slateiiieiils are rouiided to tlie nearest £. Tlie lin)¢1&1 staleineiits liave beeii prepared uiider ¢he l)islorical Cosl coiivailioii. Tlie prijicipal a¢¢ouiiliiig policies adopted are set oiit beloiv. 1.2 Going con¢ern At tlie liii)e of approvii)g the l-u)ancial stul¢ineiils, the trustees liav¢ a reasonable expeclation tl)al the ¢liarity has adequate r¢sources to ¢oi)tlliue in operational existeii¢¢ for the lor¢seeable future. Tl)us the trustees contuiue lo adopt tl)¢ 8Ollig con¢¢rn basis of a¢¢ouiitllig iii prepaiing Ihe fiiiaiicial sthteinenls. 1.3 ChAritable funds u1¢Stricted luiids are available for use al the discret on ofdie trUSt¢es iii fUrtherlee of their cl)aritsble objectives. Desigi)ated fuiids coinprise funds ivliicli have been set aside at tlie discielioii of th¢ tnistees for specific punx)ses. Tl)e piuyo3¢s and uses of tlie designated fiinds are set oiil in the notes lo the fllltsl)cial staleii)eiits. 1.4 Incomlng reSoue5 In¢oi)ie is recognised ivl)¢n the cliarily is legally ¢iititled lo il after any perfonnaii¢¢ coiidilions have been inet, the an)ouiils can be measiwed reliubly, aiid it is probable tliat income ivill be received. Casl) donatioi)s are recognised oil re¢eipt. Other doi)atioiis are recognised once tlie cliarity has beeii iiolified of tlie doi)atioi), u]iless perforniance coi)dittoiis reqiiire deferr&l of the ainoimt. liicoine tax recoverable iii relation to donations received iiiider Gift Aid or deeds of ¢ovei)aiil is recognised at die tune of the donatioi). Legacies are recognised oil receipt or oihenvise i( th¢ clrIty l)as been nolilied of an impeiiding distribution, the aii)ounl is joil, and receipt is expected. If tlie amouiit is not kniow), the legacy is treated as a contingent asset. 1.5 Resources expended Expeiidiiur¢ is accoui)l¢d for on an accruals basis. P&8e 7
WELSH BORDER COMMUNITY TRAJ4SPORT NOTES TO THE FINANCIAL ST ATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 l Accountlng policies {¢oiiliiiiied) 1.6 Tanglble fixed assets T8ngible fixed assets are initially ]neasied at cost Emd sUbseql1tIY n)easLwed at cost or valuation, i)et ofdeprecialion and aiiy impainlient losses. Depreciation is recog]iised so as to ivrite off ttie cost or valuatioii of as5¢ts less their residual valiies over their useful lives on the rolloiviiig bases.. Motor vehicles Fixtures aiid fittijigs Con)Pllters 250/u redu¥ing bala1¢ 250/0 reducii)g balance 33.30/0 reducing balaiice The gain or loss arisii)B on the disposal of ali asset is delern)iiied as llie differei)ce betyveen llie sale proceeds ai)d the carryiiig valiie ofdie asset, and is recognised ui tlie slalen)ent of fll)an¢ial activities. 1.7 Impnlrmen¢ of fixed as5el$ At ea¢h repoiting eiid date, tlie charity reviews the carryiiig ainowits of its langible as5els lo deterniiiie ivhettier there is any indicatioii that Il)ose assets l)ave siiffered ali ui)painnenl loss. If Euiy sucli sjidicatioji exists, tlie re¢over8ble aiiioiinl or the asset is estin)ated in older to delennine the eltenl of tlie iiiipainn¢iit loss {rf ai)y). 1.8 Cnsh And cfish equli'alents Casli 8iid cash equivaleiits ii)clud¢ casli lli liaiid, deposits held at Cc111 iv&ili bals, otl)er 5hort-terni liquid i]IveslmeJits iviili original nialurili¢s of tl)ree moiitlis or less, and bai)k overdrafts. Blli oyerdrafts are shoiwi ividiin boffouiji)gs ll) ciiffeiil liabilities. 1.9 Flnwncifil instruments The charity has elected to apply tlie provisions of Section I I 'Basic financial histniilleiils, ]d Se¢tion 12 '01her FinAncial Instnimeiils lssu¢s' of FRS 102 to all of ils fii)ancial llisln)ments. Finai)¢ial lltrllents are recogniscd in die charity's balance sheet ivlieii the charity becoines pJrty to the coi)tr&ctual provisioiis of the iiistn]n)ent. Fll)an¢ial assets ai)d liabi]ities are offset, Ivith th¢ iiet alllOLuils preseiited iii tli¢ fIn]ciaL slalements, Ivhen Iliere is a legally eiifoTceable rigli( lo set off the iecognis¢d ]1011$ and tliere is an lllt¢iition to 5ettl¢ on a nel basis or to realis¢ Il)e asset and s¢ltle tlie liability suiiultaiieously. Bh51c tlnancial as5et% Basic futsn¢ial assets, Ivhi¢li include debtors aiid ¢8sli aiid balaiices, ar¢ initially ineasured al transoctioii price includiiig trai)saction ¢osls atid are subsequei)Ily ¢arried al ainortised cost usii)g tLie elTeclive iiiterest i)i¢lliod wiless th¢ arrw)gemenl ¢oiistitutes a fii)aii¢ing transa¢lion, Ivliere Il)¢ tr]saction is n)easuTed al Il)e presei)t value of the future receipts discounted at a inarket rale of inter¢sl. Flliaiicial assets classified as receivable withiii oiie year are iiot amortised. Poge 8
WELSH BORDER COMMuf41TY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 l Accouniln£ poll¢les Icoiillliued) ljnphlrment of finfin£ifil Assets Finaiicial assets, other tliaii those held al lair valu¢ tl)n)ugh iiicome and expeiidiliite, are a5s¢ssed t.or iiidicators of inipainiieiil at ¢8¢1) reporting date. Finaiicial assets are impair¢d ivl)ere tliere is objective evideiice that. as a resiilt of oiie or iiiore eveiils Iliat OC¢Utred after the lliitial recognilioii of tlie fiiiaiicial asset. the ¢$tiinaled future casli floivs have beeii afrted. If ali asset IS llnpaired. the unpainneiil loss is tli¢ ditTerence betsyeeii the catTyi]Ig amount at)d th¢ present value of the estullaled asl) flows discounted at tlie asset's origllial effective ii)leiest rnt¢. The inipaini)eiit loss is recogiiised in net iii¢oineI(exp)d1Illfe) for die year. If Iliere is a de¢rease in Ilie impainnent loss aTising fioin ali ¢veiil occurriiig after tlie i]npainlleiil ivasrccognised, tlie llnpainiieiit is reversed. The iever&91 is siieh t[t t]ie curreiil catryi]ig lIul11 does not exceed ivhat tl)e CaIng amoiiiil Ivould l)ave been, had the iinpainlleiit not previoiisly be¢n recogiiised. Tlie lliipairnienl ieveisal 1$ iecognised iii iiet iiicoiiiel(expendiliiTe) for t]ie year. Derecv£nl¢ioD of tlnancial asye15 Flliancial assets ale d¢recogiiised only ivlien the coiitrachial riglils lo the casli floiys froin the asset expire or are settl¢d, or ivhen tile charitv tr8nsl.ers the fiiiancial asset and siibsknnlially all Ilje risks atid reivaids of 01le[shiP lo ai)oiher eiility, or if soime sigiiificant risks and r¢ivards of oivnersliip are retained but conliol ol'the asset lias tralferred to aiiother paty that is able to s¢ll die asset in ils th)tirety to an Ulelated third party. Bnsic financinl liabilitie5 Basic fiiiw)¢ial liabilities, llicludii)g creditors aiid bdnk. lo)8, 8re initially reCOll8ed al traiisaclion price iinless die arrlge1]iel1I constitutes a flliai)¢uig tran&qction, Ivliere t]ie debt insttunient is Ineasiired ai ttie preseIit V<ilue of tl)e fiitEire paynieiits diKoilllted al a niarket ri1te of llileresl. Fi]iancial liabilities ¢la$sitied as payable ivithin oi)e year are not amortis¢d. Debt instninieiits are subsequently ¢artied al aii)ortised cost, llsiiig the effective inleresl iale In¢ihod. Trade Credito are obligations to pay for goods or services that have been acoiiired in the ordinary Course of oper81ioiis from suppliers. Ainounts payable are classified as ¢uffeiil liabilities if payiiieiit is diie ivilliin oi)e year or less. If not, tliey are preseiited as iioii-ciirreiil liabilities. Trade eredilors are reeogiiised inilially at transactioii price aiid subsequeiitly nieasured at ainortised cost using the etT¢ctive inlerest method. Der¢¢o£nitlon offinllncial liubillt1¢5 Finai)cial liubiliti¢s are derec01iSed iyhen the cliatity's ¢onlra¢lual obligatioiis expire or are discharged or ¢an¢ell¢d. 1.10 Employee benefits The cost of any unused lioliday eiititleinenl is reco}18ed in the p¢riod ui ivliich tlie employee's services are re¢eived. Tetmll)ation benefits are recognised immediately as w) expeiise ivhen the cl)arity is demonstrably ¢oi)llnitted to ternilliale tl)e employment of an anployee or lo provide tern)ination beiiefits. P&g¢ 9
WELSH BORDER COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical n¢¢ountliig estimates and judgements In the applicatioii of the ¢l)arity's accothitll)g policies. tli¢ trnstees are reqiiir¢d to inake jiidgeineiils, esliillales and assiiinplions about tile ¢anyiiig aiiioiint of assets aiid liabililies tliat are iiot readily appareiil froin otlier sour¢es. Tlie estiinates aiid associated assiin)plions nre based on hislorical expeiiei)ce And otl)er faclors tl)at are coi)sidered to be relevaiit. A¢] re&ilts niay difter Irom these eslimales. The estimates and widerlying a5$1]niptioiis are r¢vieived oil ali ongoing basis. Revisioi)s lo a¢Coltil]g estin)ates are re¢ogtiised in the period in ivhich the ¢Stil)te is revised ivliere the revisioii affects onl)I that period. or in the peTiod of tl)e r¢vision and futur¢ periods ii,liere tlie revisioii affe¢ls botl) ¢iUTent and flitie peTiods. Income from donntlons and legll¢le$ Restrlcted fund5 Unreytricted fund$ 2024 TotRI Funds Totftl Fuiid5 2024 2024 2023 Doiialioiis and gifts Grai)t i]i¢oiiie Meinbership fe¢s 2,144 202.464 244 204 852 2,144 302,464 244 304 852 2,935 241,380 274 244 i89 100,000 100000 Grnnt5 recelvnbl¢ for core ff¢ili'l¢les Fliiitshire CC Bus Services Support Grai)I Postcode Lollery Lottery Graiit Garfi¢ld Westoi) Foundatioi) 202,4(A 202.464 201.380 25,000 100,000 100,000 15,000 241380 100,000 Tlie Fliiilshire BSSG is received frorn tl)e Welsl) Govenlliienl. It is distribiited lo the six coiinlies of North Wales i]1 accordance Ivitli applications inade by die various com]nunily Iraiisport operators iii eaeli aiithorily lli North Wales Income froin chnrltwble nctiYitle$ Re5trlcted funds Unrestricted funds 2024 Total Funds Totnl Fund$ 2024 2024 2023 Income froin charitable activities 42,754 42,754 33,583 Income from inYestmentS Restrlcted fund5 Unre$lricted funds 2024 Totlll Fund5 Totfil Fuhd$ 2024 2024 2023 tnler¢st receivable 1,782 Po8e 10
IVEI LSH IIORDER CON,IMUNITI' TRANSPORT NOTfi S TO THE filNANCL4L STATLI fvIEI NTS (CONTINUED) FOR THE I'fiAR ENDID31 DECEfvIBER2024 choj'ltb1e i¢tli?ties 2024 202J Stoff costs Depreciation aiid impainiient Fu¢1 225,654 27.098 15.609 9,516 11,255 14,915 4.063 185,770 21.413 17,290 10,718 9,506 11,210 3,788 1,500 1,628 Bus inaiJJteiiallGe Vehi¢l¢ iiisursjjce Postage, o*fice ojjd inl¢rii¢i ¢osts R¢iJt Heat ojid light Offiee iJisiitat)¢¢ Loss oil disposol of t£hll8ible fix¢d llssets Suiidri¢s 318 .854 311,383 1,877 313,260 2,614 265,437 2.826 268,263 Shair of gOv¢1mIce costs {s¢enole 7) AnalYS by fund Ullr¢stsicttd flind5 R¢strieled funds 302,212 11,048 291 164 268.263 268 263 Support costs Suppoi't C05tS Govcrnance ¢osts Govei'nance costs 2024 2023 Suppoi't Costs ExaMiill¢rs f¢¢s Payroll 1.380 497 1,877 1,877 1,380 497 1.877 1,877 2,370 456 2,826 2,826 2,370 456 AEialys¢d beh¥¢eii Cligritsble activit1¢5 2,826 Gov¢rnBJic¢ ¢osts incliide5 Pllyt)i¢iits to tlie indepthideijl exaJni116rs of £1,380 (2023.. £2,370) for¢xainiii&tioiJ fe¢5. Truslee5 Non6 of tlie tniste¢5 (or aiiy FcrsoJ)s ¢oiinecled ivitli Ili¢inl received aiiy lI1er&I70jl oi bwiefits froth Ili¢ ¢liarity diiriiig th¢ yeaT12023.. £iiill and Jjo triisie¢$ ivere reitjibursed expeJJ5e5 I Ili¢ ye4Lr12023'. t)ts ¢n]steesl. Pag¢ll
WELSH BORDER COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 9 Einployees Ilie av¢rag¢ ii)oiitlily iiiiinber ol'einployees duilllg tlie yeur iyas.. 2024 Number 2023 Nuinber Cliaritsble activities Emplo.ymei)t costs Wages and salaries So¢ial se¢urily costs 2024 21b23 212,959 12,695 225.654 176,531 9.239 185.770 T1iere ivere i)0 einployees ivhose aiuiiwl reiiillnerntion Ivas niore Il)gn £60,000. 10 Taxhtlon 11)e charity is exfflnpl fton) tsxalion on its activities because all its income is applied for charitable purposes. 11 Tangible fixed as5et5 Motor Yehicles Flxtures and rillliig$ Computer$ Totnl Co$t At l Jluary 2024 Additions 2024 Dispo&ql 2024 At 31 Deceittber 2024 Depre£latioii imphlrment At l Jonuary 2024 Elinilliated on dispos81 DeprlatiO1) Charged in tlie year Al 31 De¢¢mber 2024 Currying amount Al 31 Deceniber 2024 Al 31 Deceinber 2023 163,415 44,990 6,765 234 7,312 177,492 45,224 13,995 208,721 194,410 6,999 7,312 99,814 12,927 26,881 113,768 6.130 7,312 113.256 12,927 27,098 127.427 217 7.312 652 635 81,294 64.236 63,601 Po8e 12
WELSH BORDER COMMUNITY TRANSPOR T NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Debtors 2024 2023 Amoullt5 fAlllJig due ivithln tsne yeor.. Prepaynietits and a¢¢rued incoine 4,355 5,375 13 Creditors.. Rmounts faulng due ii'ithlll one yenr 2024 2023 Trade creditors A¢¢nwls aiid deletred incoille 453 6.191 930 7,000 7.930 14 Unre51ricted fund$ Tlie unr¢$tricted fwids of t])e cliorily ¢on)prise the unexpended bal1¢¢$ of doi)alioiis and gr115 Ivhicl) are iiot siibje¢t to specific coiiditioiis by donors oiid granlors as to hoiv ijiey iiMy be used. These irtclude designated fuiids ivliich have been sel aside out of unrestricted fiinds by Uie Inislees for specific purposes. At l Janullri, 2024 Incoimlng rcsource5 Resource expended Transfers At31 December 2024 Tangible Fixed Asset Fund Conlingeiicy fluid G¢ii¢r81 fuiids 64,236 50,000 195,249 309 485 17,058 81,294 50,000 149,104 280,398 249.965 249 965 302,212 302212 6,102 23.160 Prevlou$ year.. At l January 2023 Incomlng resource Reyourcey expended Trun$fers At31 December 2023 Tangible Fixed Asset Fund Coiiting¢iicy fw)d General funds 85,649 36,754 175,391 297 794 21.413 13,246 8.167 64,236 50,000 195,249 309,485 279,954 279.954 268 263 268 263 In otder to acciwatel5' sl)oiv ilie reserves lied up in fixed assets held by the cliarity, a desigi)aled tangible lixed assel Iiiiid has been be ciealed. Tl)e flmd reflects tile iiet book value of tlie tai)gible fixed assets used operationally by th¢ elwity. The trnslees hove also d¢s1}ated a ¢oiitingei)¢y fund io cover r¢duiidancy Costs in llie event of reduced fui)ding. Pgge 13
WELSH BORDER COMMuf41TY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Restricted funds Tlie reslri¢ted fiiiids of the charity coiiiprise the iiiiexpei)ded b8laiiLes of doi)atioiis and granls ivhich ate siibj'ect lo specific conditions by donors and graiitors as lo liow t]iey nmy be used. At l Januhry 2024 Incoming resour¢es Resour¢es expended Transfei'$ At31 December 2024 Natioiial Lottery Conmiw)ity Fimd 100,000 11,048 23.160 65,792 Prevlous yenr: At I Jg1)uAry 2023 Incomlng resoiirces Resour£e$ ekpended Transfers At31 Deceinber 2023 National Lottery Cominwiity Fund NAtionhl IAbttery Communliy Fund The National Lottery Grant is a grant toivards the purchase of a neiv niiniblls aiid tl)¢ ivages of 81141dditional driver. A tratisf¢r ivas niade to iion-r¢stricted (uiids to rellect die grant aivarded toaivards die purcl)ase of the vehicle iiihicli is available for geiieral cliariknble servi¢es. 16 Related pnrty irRnsnction$ Tl)er¢ ivere no disclosable relaled party traiis8¢tions duri]18 tlie year (2023- iioiie). Page 14