WELSH BORDER COMMUNITY TRANSPORT A CHARITAJ3LE INCORP(IRATED ORCYANISATION ANNUAL REPORT AIND UNAUDITED FINANCIAL STATEIMEIYTS FOR THE YEAR ENDF.D 31 DF.CF.MBF.R 202$ Chai'ily rcgislr(Ition numbei. 1169910
'ELSH BORDTr.R COMMUNII'Y TRANSPOR'r LEGAL ATriD AI)MINIS'I'RA'I'IVL lFORNIA7.10P4, FOR THE YE.4R EliDED 11 DEC:EMBER 2U25 Trustees Mr C Bolion Mrs (' l) F.vans (Chairl Mr Harris Mi. G Hayes Mrs L Imellor Mr R Peters Mr A Il'oolley Mrs PA E Il'ooll¥y Ms. Sandra Donoghuc Charilv RumbLbr 1169910 Prlnclpal address TO.n CouDLil Building I'he Cross Mold Road Bucklej. Flintsliire Independent examiner Ann¢iiiarie Ivey Bsc ACA Atkinson Accounts 12 Mold Iload BuLkley Flintshire
M'ELSH BORDER C:()MI)qUNITY TIL4NSP()RT C"()NTF.NT FOR THE YEAR LNDLD 31 DECLMBER 2025 P&¢ Truslc¢s' report Ind¢p¢iideiir exiimii)er's rtsrt Siaieinent of linat)cial activitie Balai)ce sheet Noies to the linancial stai¢menis 7-14
M'LLSH BORI)b.R CON1NIIIN'I I'Y'I'RANSPOR'I. TRLS'I'Tr:b:S'Rb.PUR'I- FI)R THE I'EAR Eh'DED.11 DECEIIBER 2U25 The trustees preseiii their aniiual report aiid finanLial stat6mLllls for ihc yLar ended 31 DcLLmbLr 2025. I'lie tinanlial 5tatenients liaie been prepui¢d in aL¢ordanLe with (h¥ aLLountinb poli¢i¢% sei our in not¢ I to Ili¢ financiul qtatemen(8 Jnd coinply with Ihe ch¥Jrit) .% governing document, Ihe Charities Act ?01 l and"A¢¢ountillg and Reporting by Ch#rilic5.' Statement of Rel01nd¢d Pi'aclice applicdble ro Lharili¢s pr¢paring tlieir accoui)Is iii aLcordanL£ With the Fin8iiLiuI Repoi'liiig Staiiddrd dppliLable ii) tlie UK aiid R¢public ot ITelai)d IFRS 1021 leffeLtive l Jai)uary' 20191" Objectives and k)etivitie$ Welsh Bordtrr Community Transpon111.'BCTI Burd¢r lia5 b¢eti established tor 35 years. dating back to 1991. Our mission then as li is noiv (o pn)vide 01) deJnand, allordable and acce%%ible tran8port %eri'ice8 for elderly and or di.sabled individual$ or residenis ii-iih additional Ii¥Lds tlli'ou70UI rliL Coui)ty ut riiiit4hir¢. Workiiis for ihe beiiefit of i1)dividu11s. orbTaiiisatioiis aiid otl)er community woups. people who are at risk of Socidl i%olation. in¢qualii)' ol-transporl opporniniiies, helping? 10 11)Iprove iiienial health through inclusion and a range of la¢ior% or non-spe¢ili¢ i)eed. IIYC ciiablc local biroups aiid orbwaiiisatioiis to bciicfii froiii lou. cost, depeiidable Irdiispori serN'ice5 for iiidii-iduals ivho1121-e additioi)al iieed or beLclilSV rhey lir¢ at risk. due to loiieliiiess. disability. illn¢%%, b¢ii)&y ¢ld¢rly or livingT iii i%¢)Idi¢d aTea8 M,liei'e tli¢i'e are no adequaie public iranspon tacilities. Our Inain a¢iii'ilies are iailored to the well-beingi ol. (hose people that use our seri'ices, namely inedieal oppointnicnts. social and luncli clubs, hairdi'¢ss¥r's appoininienls. visiiing loved ones and social Clivilies in gLnLral. Tli¥si aLtil'illLS pfLSLI)t indii'iduals ii'ho aTL IS()latLd rhe opportuiiity to socialise. promoting ivellbeiiig opportunitie% aiid proi'isioning. Tliis repreb¥llts approxiii)al¢l)- 6?0/ts ol. journeys uiideriaken bj W'BC'I.. A vital service lor vulnertsb5e FlintsliiTe reiidenls. IVBCT operate.% nuinerous "shopper, giroups. ¢tsni'e)iiig persons froin 5heliered resideiitial housiiibj or villag?i' arcas, olleriiibi a dooi'.lo-door s¢rvicL, aiid aLcouiiiiii¥F toi. appi'oxiiiiatcly 350/0 ol. all jOUllliyS. Public b¥n¥fLI Th¢ tivslees liaie paid due rebyard to guidaiice issued by the Charity Cominission in deciding itrhat activities the chJrily should undertake. Page I
M'EI.SH BORDF.R coll1lUN1'1.Y,1'RA.SPOR.[.
I'IiL'SI'b:b.S'Rli.PUR-I' {CUN'I'INUEDI
FOR THE YEAR EN'DED 11 DE(.'KIlqBER 2J2S
Aehievement¥ ¥nd pvrformanfe
We OPLratL Ii'iih d %niJll %Tdll'of paid drivei's15) J)lu4 tlie ()ptrJtiui)% MaiiagLr aiid Journly ScliL.dul¢r u.ho spLiid part ot theii. time
drivknbT Ii'li¢ii required. We albu liai'v iwu VI'I IL¢ Stall. iiieiiibeis looking aller booking. sLlieLluliiib?. and aLLounls. ¥lL. W¥ also
depend on our ieain ol-i'olunteers 'hICh now iotals 6 individuals io suppleineni Ihe ivork ol. (he paid sialT.
During 20?5 ive received our reb7ulai Bus Sern'ice grant Iroin the Welsh (yovermiieni1£195.-1081 M'hicl) is Ihe n)ain51ay ol'our
yLarly fundiiig bui ivas iiot butYILl¢I)t for us lo break even iii tlhe ai)d WdS doii'n on 2024 tlnd LUEisidtrrably les4 th111 iTh'e
requested.. A(l(liiionallst M'¢ w¢J'¢ Liraiiled fui)dinbk Ironi ihe Naiional Lull¢ry C4)mmunity lund in lh¢ %um vl'£100.000 vver thr¢¢
year512V24.25 &.2()I this was specili¢all)' lor eniployinb) anoiher driver, Iheir salary and purehasinbi ol. a smg1111)Inihus and not io
suppILlI)ei)t our rebiular dutie4 . W¢ JrL now a "Real Living bie"en)pluyer ivhieli dddtd Lonsideiablj. lo our salarv ousts iviih
yedr on y¢dr inLie4Lses ubov¢ iiitlotion. Iiave be
II'F.I.SH BORI)ER COIL INIUh'l'l'l I'RAYSPOR'r
'I'RU.%'I'LES'RlI PORT ICVN'I'INUF.I)I
FOR THE YEAR ENDED 11 DE(.'E,IIBER 2D25
8truLture
overnanec and m#na
c'jnenl
The cliuritv is a registered Ll)ai'itabl¢ Iiiioi'porated Org4LnLS¢ltion ICIOI (As5latIon Struciure) witl) voring i)Ivinbers Otlier th
IVELSH BORDF.R co1[lNITI, TRANSPORT INDF'PbNDLN'I' LXANI 1 IYF.R'.% Rb.P()R'l I'() "I-IIF. TRU%TF.F.S OF 11'Tr'.1.51111()RDb.R COMM UIYII'I. I-RANSPOR'I- FOR'I'HL YEAR 'DED 31 DEC.LIllBER 2025 I report to the trustees on illv LJxan)ination of ihe finonLial sratL*ments of Ivelsh BoiQ¢r Coillmunity I'ransport (the chariry) for the yedr ended 31 Deceinber 2U?5. 'I'his report is made solely to the Lharity's Iru5tee5. as a body. in JLLordan¢¥ 'ith seLtion 145 of ihe Chai'ities ALI ?01 l. My work has been undertaken.%o th%Lt I Ini8h( sLiie to the chdrily's trustees tho8e matieN l ain required to ilate to theim in thi% repon and for i)0 oth¢r purpose. To Ili¢ fullLSI extenl pel-niilled b). laiv. I iivt 4lLL¢Pt ur 41ssuine r¢5puiisthbiliiy lo aiiyoiiL Oth¢r Ihaii th¥ cliariiy and thL Lharit$ trusie¢s as a body. for rny M'oi'k. for ihis report. or for ihtr opinions I have forined. nsiblllt5ty #Dd b&1% of re .45 Ihe rrusiees vf ihL charity you are r¢sponsibl¢ for thL PlLpariition ot the finaniiDI stst¢ments in aiiordanLe with the re4uir¢n)¢nts of the LhJriiieb Aci ?01 I IthL 2(>L l .4cil. Hal'ing saiislied mys¢lf that thL aLLounts of the ¥onipLtny are not required to be audited under Parr 16 of the 2UQ6 A¥1 and #re eligTihle for indepen(lent exaininalion. I report in respect iifmy exaininalioii of yOLir charity's aceounls as carriid (lut under Section 145 ufih¢ ChiiTili¢s ALt 2011 {'tli¥ ?Ul I ALI'I. In L(ln8 OUI Tny ¢xomii)a¢ion I hai'e ftslltsivL.d thi Diiiciions givLlI by lh¢ Chitriiy Coiw)ii5sion undLf 5LLtion 145151 Ibi of the 2011 .4LI. nt xamln r, SinLc the Lharity's gross inioiiie exLeeded £250.000 your Lxan)iner Inu51 be a menibei. of a body listed in seLtion 145 of th¢ ?01 I Aei. l ain qualified w und¢noke ihe examination by b¢ing a qualified Ineinber ol. (he ISt1¢u1¢ of Chartered A¢counthn15 in Englund and Wale5 I hai'e conipleted Iny exaii)in(i¢ion. l LonfiTllI thui i)0 maile1 have come to my diteniion in LonneLtion with the exan)inalion givin In¢ ¢ause to believe thai in any muterial rc5P¢Ci'. accounting records were noi kepi in ae¢ordancc '1th section 130 ofthe 2011 Act: or th¢ financial st1( renients do not acLord with those r¢Lurds'. vr the finallcial si(It¥ii)entb do Lon)ply ivith the JppliLable requirEm¢nis under StLtion 386 of IhL )006 ALI oihLr than any r¢quireiiieni ihai ihe Iinancial %(aiemeni% gil'¢ a'iruc and taiw view is not a inatter ¢vnsid¢Ted 4s purt vf an ind¢peiident Lxamiiiarioii. or the accounts liai'e not been preparcd in accordanc¢ wilh thl rneihods and princ?ples ol'ihe Siaiement ol'recoinimended Pnctice tor aicouiiting and rL'pL)rting by Lh<irit1¢5 appIiLL bl¢ io Lhi?ritl¥S preparing iheir aLLounts in 11 LLordc1nL¥ 1th lh¢ FiiianLial Reporriii¥ Standard aiipliLabl¢ in th¢ UK ajid RL'publiL ofireliiiid ITrRSIO?I. I hdi'e no concerns and have Come dcross no oiher Inallers in conne¢iion w.iih the ex&llllLnalLUn t() which ?&ttcniion shuuld be dran ill Ihis report in order lo enubl¢ a proper undeTS(anding ol'ihe linunwidl bldl¢lM¢lllb lu bc T¥acli¢d. Anlleinarie Ivey Bsc ACA .4tkinsoJi A¢iounls l? Mold Road BuLklLy FIiTitshii CH7 7J Shwied-. Dated.. th f¢bruaJ - 2026 Page 4
IVTr".I.SH BORDER CnllNII.'NIT)' TRANSPORT i'l'AI'L4 MI.:.YT ()F FIfvANC-IAJ. A('TII II'IF.S IN'C'I.L DINI {- l.yl.l)I' A,1) Tr-.XPFAINJ)Il'likF. &l('('()IINI' FI)R THE I'EAK EliDED 31 DEC.'EIMIIER 2025 Resirlcied fud5 2025 UorL'sirl£iLid Ttsiil Fund$ fund5 2025 Tui41 Funds 2025 2024 Noies Incvnie froji).. Doiiaiiujjs Jiid lebla1¢& 219.555 4).UXII 219.555 42,080 304.852 42.754 Total inioni¢ 26.1 JY2 26.1 AY2 -149.1)6• 4xpendilure on.. 2¥.29 28Jg0 291.247 29 J •47 31Y 117 -119 437 313.26U 11.1.260 -16.704 36.7U4 11)9.4164 'otdl expenditur¢ N¢1 IiiLuiIiiii4iuul¥vingl r¢soufL¢5 brlur¢ trdnsf¥rs Net iTJiunwllexi)gn(Iliuri'l lur IhL' }"oarl Nei niovemekni ikn fllnd5 Fund balan¢¢s ai l Jdiiuar>' 2025 65,7Y2 280,398 346.190 Fund baiajices 8131 Decen]beT 2025 37.SV2 252 4.1 .146 1911 .146 IYII The slaiem¢ni uf finiE nLial llcliviii¢s tncludL'S all *iins and 105S¢S T¢coBnised in thr yrdr. The 51alemlI of tiiiaiicial ACliviiic5 iilEliid¢s all ¥aiiis aiicl I%5¢5 T¢CO¥lli5ed iii the ycai-. All iiYonie &iid ¢xp¢iidiwr¢ deTive fron) C111$111111¥ d¢iivilies. Pa¥L
WF.I.SH IIORDLIi COMNIUNITY I'RANSPOR'I. B.ILANL Tr: SHb:Tr:"I' AT.11 DEC:EMBER 2V25 r4ole$ 21i25 2024 Fixed as5el$ T8ng>iblc assLIS Current a$$et$ Debiors Cash at bank and in hand 6.1,569 33.851 199,880 233.7.31 7.455 62.610 208.930 271.540 6.644 CreditOT5: amounts fallin% due '•thin one year Net curreni asset% Total a¥¥els less currL'nt liabilities I'he funds ol. IhL' eharil). Reslriciid ILinds Unresriicted tuiid5 13 •?6,?76 ?&9,845 ?64.896 346.190 -47.-502 252.-143 ?8L).845 6.5.792 ?80.-A911 346.190 The linancial statenienls wei'e appruv¢d by the Irustees 011 Mrs C D Evans (Chai Trustee ei-1rrtL . Pa8e 6
II'&:LSH IIORDLR cO)I1V'1'l.Y'I,RA TriSPORT FOR THE I'EAR EDED.l DECEIIBER 2025 l Accounting policies Charil). infthi'maliun Welsli Border Coniinuiiity Trai)SFrt)rt is a Charitable bicoryoraled OrbTal)iSatioii IC.101. .1 Aecounling ¢unventiun Tlie fiiiaiicial slaieiiieiits hai'c beeii piepai'ed iii aLCCTddll¢e il-itli Il)e charity's goi-eniii)b doLuii)ei)I, the Cliai'ilies Act 2011 aiid 'AcLOIII)tiiigT aiid Reporting by C.liaritl¢s'. Stcltemeni of ReLommLndtd PrtlLtSLe lippliLlb]¢ to ¢liJritl¥S pi¥paring Iheir accounts in o¢cordance H'ith th¢ Financial Reporting Siandard appli¢able in the UK and Republic ol- Ireland i FRS 10? lelleclive l January, ?0191" The charil). is a Public Benejii Enlity as delined by FR% 102. Tlie charity has iaken ddi'uniagTe of ihe provisioiis in ilii. SORP for cliarilies applying FRS 102 Upddlt Bulletii) l ijor t prepar¥ d St<ltem¢iit of Casli Flows. 'I'he linaneial siaienienls have departed Iroin ihe Charilies (Accounls &nd Ileporisl Regyulaiions *008 onl), (O the exient required 10 provide a Eru¢ ai)d fair i'ieiv. This depdrrui'¥ lias ii)vol%'ed folloiyiiib Ilie Slalciiiciit of Recotninciidcd Praclicc foi. cliai'itics iipplyiii¥ FRS 102 iarlier ihc11) the ver%ioii of rhe Stil lemeiii of ReLon)meiid¢d PrdLtILe %'IIiLlI i% r¢fei'red io il) Ilie Regulli lioiis but which has SLnce been wiihdrawn. I'l1¢ tinancial statemenrs £iie prep4r¢d In srerling. Ivhicli is tlie fuiictional curreJ)L}' of tlie cliarity.. Monetary amounts in these lintsnci8151aienienls are rounded 10 the n¢aresi £. Thc fiiiaiicial sta(emEnis1)d¥'L" bl'in prepared under rhe hisiuriLal cost coiiv¢iition. The pi'incipal accoui)ling poliLies adopted are Sei out below. 1.2 Going £on¢erii At the tini¢ of approviiig tlie fincin¥ial stateinei)ts. il)e trustees haN'¢ & r¢asonabl¢ expectation that tlie Lharity lias adequate resourees to continue in operational existence for th¢ foreseeable luture. Thu5 the Irustees continue lo adopt th¢ going ¢on¢¢rn basis ol-accountiiigi in pr¢pariiig ihe Iinancial siatenieiits. .3 Chai'itable IndS Unrestricted tunds are available tor use ai the discret on ol. the ISt¢¢5 in turtherance ot their charilable objeciives. Designated tunds Lolnprise tunds wliiili huve been set aside at tlie discretion ot-ilie tnist¢¢s lur 5pecitlC PUTI)oses. Tlie purposes and uscs ol-the designated lllnds are set out in ihe notes io the Iinancial statemenls. .4 In¢on]ing resources Incoinc is Tecvgiiised i¥lien ih¢ chdrity is legyally eiiliiled lo it aft¢r aiiy PLrfonndnLL conditioils lial'e been met. the amoui)ts cai) be mec75Uled reliably, aiid it 18 probable ihcit income .111 be r¢c¢ived. Cash donationg are re¢ogvnised on receipi. Oiher donuiions are recogni5ed once the chariiy has been notified ol. the donaiion, unless perlorii)ai)ce condiiions require delerral ol-tlie aiiiount. Ii)coine lax recoverable in relaiion lo doiiatioi)s receiv¢d und¢i' (illi Aid or d¢¢d8 of coveiiaiir is r¢Lo¥nised at tlie tinie of tlle doiiarioii. LebdLl¢b ¢ir¢ r¢¢uLFiiised 011 reLeipt or oth¢iwise it the chai'ity has been no(ili¢d of an impending distribution. the aimount is knoivn. and rcceipl is eKpecied. It. Ihe aiiiount is not known. the leb)ac)' is Ireaied as a coniinbient asset. 1.4 Resources expLnded Expei)diture is accouiiied for on an aLLrua15 basis. Page 7
II'ELSH BORDER CI),%I.IIUNITY TRANSP()RT NOl-F.S Tn'l'HTr: b"IINAiNCIAI..8TATF.Mb:N'l'S ICOTr4'1'lNUED) "OR'I'HE YI.'AR b-INDb.l) 31 DF.Cb'MIIER 2025 l Aeeounilng policies (Lontinued) 1.6 Tangiblc fixed assets Tai)gible lixed asSVt5 ar¢ initially Ineasuied at ¥0St ai)d 5ubsequ¢n(l)' nicusur¢d ai Lost or valuatioi). net of depreLiaiion #Lnd any impainnent los%es. Depreciation is reeog]iiscd so as to write olt. Ilie cost or valuation ol'assets less t]ieir residual values over iheir uselul lii.es oj) the fol10.1ng bas¢s'. Motor veliiLI¥s FixDJres and lJllinLI% Computers 250/0 reduLiiib bdlanc¢ 25°/o reducinLi balance -13.3U/o I'eduLiiig bJlai)c¢ The gain or loss arising on the disposal of an a55ei is deterniined as the diflerence between ihe sale proceeds and the caiyyiiig value ol. the a8%et, aiid is i'ecob?J)ised iii Ilie siaieiiiei)i ol. Iii)aiicial aetivilie5. 1.7 1mp#irment of Iixed Assets Ai each Teportinui cnd dale, the charity revIe'S the carr)'ing ai))ounts ol. its taiigible assets ro deleriiiii)e Iheiher iliere is ai)y iiidi¢atioi) rhar tliost tsssets huN'L sufferL.d di) imp¢iirm¢nl Ivsy. If aiiy such iiidicatioii exisrs. the recoverabl¢ ollloullt ot ¢h¢ asset is esliinaied in order lo deterniine Ihr CXl¢nL ul. the ijnpairii)ent Iosb lif any). 1.8 Cash 4nd cash equivalibnls c.asli aiid casl) e4uivuILlltb IIILlude Lash in hai)d. d¢po8iis h¢ld at call ii'ith baiiks. other short-terni liquid inN'estmtti)ts iN'ith origiiiial niaturities ol-(Iir¢¢ Jiioiiths or less. and bdnk uv¢rdralb.. Bank uv¢rdi'dlTrs dre sliown M'iil)irt burrvwinLT¥ in Lurrent liabilities. 1.9 Financial i11strllnients The chai'iw li<15 eleLted to appl}, the provisi011s of S¢¢tioii I I 'Basic FinaiiLial Instruments, nnd StrLtivii 12 '0ih¥r FinanLial Inslruiiienis Jssue5' 01- FRS 10? 10 all thl. ils Iinancial instruinenis. Financial inslninients arc recognised in the charity's balance sheet wlien the charity becomes party to th¢ coiilractual provisions of rhe ii)siniin¢iit. Financial aq%et% and liabilities are olls¢i. wilh the net aiiiounis presenied in ihe linaneial stateiMeni%, Ivlien there 18 a legally eiiforceable TiLht 10 scl off tlie rLcobFiiised aiiiouiits and thei'e is ali iiiieiiiioii to settle oil a i)¢¢ bdSi5 01. to Tcalisi Ilie dssei dl)d sei(le th¢ liabiliiy sin)ulicineously. B#sic financial assets L435ic liiiaiicidl lissets. ii-l)ich iiiLlude debiors and Cdsh aiid bai)k bJlances, al'e iiiitiallj IllLasui'ed at Iraiisactioii pi'ice including transclLtioii ¢usts aiid are subsequently L#l'ri¢d at arnortlSLd cost usii)g the effectii'e iiiteresi Ineil)ad iii)less the arrangieineni ¢on£¢itutes a Iinancing (ransaciion, where the traiisaciion is iiieasLired ai ihe present valu¢ of the liiiure I'eceipts disiouiiled at a iiiarket rdte ot interest. Finai)ci81 a55¢ts classilied as receivable iyiihin oi)e year Al'e iioi aiiiorti5cd. Page 15
II'F,I.SH BORDER COMIILNITY I'RANSPORT TriO'I'ES I'O .1 Ilb: I,'IN',INCI,11. S'l'kl'l'Tr.)lTr:YI'S IC UY'1'1 LF.I)I FOR THE I'E,IR ENI DED.11 DEC:EMBER 2U25 l Aeeountlng pollele5 (continued) Impllirjnent of ftinanLial assL.1s rinaiicial assers. other rl)Jn those lield di fair iulue through inLome diid expendilure. di'e assessed for iiidiLators of impairnieiii ai ¢acli reportliig date. FiEiaiicial a55ets are lipai1'ed ii'her¥ th¢re is ubj¢Ltiv¢ ¢vid¢ii¢¢ tliyt. 05 d result of 01)¢ or more events thai occurred alter the initial reco&>nition ol-lhe linan¢ial assei. Ihe estiiiiated luture Cash Ilom's have beeii aflected. Il. an as$el is impc1ired, the iinpairiiicnt loss is the dilyerence betm'ecn th¢ carrying ainoiinl and thc prcsLnl i'alue ot Ihe esliiiiated Cash floivs discoui)ted dt the original etective inttrresr Tat¢. T])¢ Iinpdiriiieiit loss is i'ecogni5ed iii i)et iiicomellexpeiiditure) tor rhe year. Il. tlicre i.s o decre&%e in th¢ impainnent logs ttrisinL Iroim ali ci'cni occurring &lier (he iinpaii'iiien( wag recognied. Ihe impairnieiit is r¥iiers¢d. The reversal is SULh rhal tlIL current carryllig aniouiii does iiot exceed wh<ii ihe Ldrryinbi iimoui)I ould liave b¢¢ii, liad tlie inipain)ieiii i)ui prei'iou%ly been recogiiis¥d. Tlie iimpaimiviii revers11 is reLObFI)sse(l in Liet incomellexpendiiurel for ihe year. Derecokinitlon or rinancial a55ets FllianLldl a4s¢ts arL di'reLo¥nised only M'h¢n t]1¢ cOntracal righis io the Lash flows from tlie assei ¥xpirc or ¥re s<ttled. or ihn the Lharity Irans*ers tlie tIll11)Ll] as5¢1 and substaiiiially all th¥ risks and rew'ards ot'uiiiiership tu anutlier enlity. or il'sume %ignilicant I'lkS and reii'ards ol'oivnersliip arc r¥tainLd bui conlrol ol. Ihe Lssei htLS trllnslerred io llnotlieT pttriy Iliai is able to sell Ihty J55et iii its eiitireiy 10 un unrLl8t¢d tliird party. B&sic linanclal liabilities BdsiL liiTrdiiLial liabiliriei, illLluditLbT LieditQTS and baiik loans, are iniiially rvLobinis¢d IransdLlion priLtr uiil¢ss th¢ 2rianbT¢J]]¢i}I consiilu1¢5 a financing transaction. wl)ere th¢ debt insiruinenl is iiieasured ai the present value ol. the luluTe pa)iiient di5CQUlltLd at a nrket ratt of int¢Tesr. Fii)ai)cial liabilities Llassified as p¥)'ybl¢ ivirhin on¢ ycar ar¢ not amort15Ld. Debt ii)strun)¢ntS dre subsequently carried ai umortis¢d cost, usii)g the effeLtive interest rate metl)od. Trade crediturs are oblibbdiiollb Iv pay lor Lyoods or services that hai'e been a¢4uired in the ordindry cvur6e vf operations Irotn suppliers. Amounts pa}?ble are olassificd as curreni liabiliiies il'payment 1% due ii'iihin on¢ y¢ar or Icss. It. not, they arc pi'cscntcd as i)oi)-currenl liabilitics. Trade credilors are i'CLugryiisid iiiitiall) at trallsactioii priLe aiid subse4ueiitly nieasured ai omortised LOSI usinbw tl)¢ ¢l'l¢Ltive ii)lerest iiieil)ud. Derccognilion or rin#niial li#bililiey Fiiiancial liabilities drc dericolised ivhen Ilie Lhority's contTaciual obligaiions e.xpire or al'e dischai's)ed or cancelled. 1.10 LmployLe benelit The co%r of gns. uiiusLd Iioliday eniiilem¢i)l is recog41i5LYI in The pei'ii)d in whiLh ihe employee's serviLes are reLeii'ed. T¢riiJination benelits are reco&Tnised iiiriicdiaityly an expense when the eh3rily is demonstrably conunitled tn t¢rniinai¢ th¢ ctnplo}'nient of ali eillploy¢e or to PTOI'ide tei'minalioii bellefirs. Page 9
WELSH BORDER CI)MfvIUTr41TY TRAN%PORT NUTE% T() THE FIANCIAL STATEIIIENTS (C'()INTITr¥UEDI OR"I'Hb I'EAK ENDb-D.11 D&.CEIIBER 2025 Criticul #tcounting ¢qtimates Jnd judgements In tli¥ appli¢ation of'tl)e Lliai'ity's (iLLVUILting policie5. tlie trustees are r¢4ULred to niak¢ judg¢iii¢nts. ¢stiiiiates aiid assuniptions aboul Ilie carr>'ing anioiint ol-asseis and liabiliiies Ihat are noi readily apparcnt Iroiii oihcr sources. -rhe estiniaies and associ&ied assuiiiptions are based on l)istoriral experiei)Le diid uiher fa¢lurs ihat arL considered to be relevanl. Actual results may differ from tliese estimates. The ¢stiinates and uiiderlyinbl a5sumptiony are revicwcd vn yii ungruing basis. RLI'isions lo acLoui)til)bl Lslimtites dre r¢Lo¥iiised iii tl)e pvriud iii ii.l)i¢li tlie estiniate 15 rei'ised M'h¢r¢ tl)¢ reiS1O21 affeLts oiily tliar period. or iii the p¢riud of ih revision and fuiur¢ periods w'here the rei'ision all¢¢is bo(l) currellt and tulure periods. Iiicome from don4tion5 and legacies Re51ricted fund5 Unreslrie(L'd rud5 225 Tolal Funds Tvlal Funds 2025 2025 2024 Donalioiis and gifts Cjrant iiicoine Membersliip fees 22,624 1 ()6.871 60 219,555 2,624 196.871 60 199.5.55 2.144 30?.464 244 -104.1152 Grgnts receii'#ble for eorL aelivilie.¥ Flin15hire CC Bus Servi¢eq Support Grani Loitei), Gi'aiil Garti¢ld I4.'estoii foundatioii 196,871 196,871 ?0?,464 iuo,uuu 196.871 196,871 I'li¢ Fliiilsliire BSSG is r¥Leivttd troiii (lie 11.'elsli Governn)enl. li is di%iribui¢d iv tl)¢ six counli¢% ol-Norili M ales iii aLLordaiiue -ith applications Inade b)- the variou5 coniinLilliiy transport operators in cacl) aiiihoril). in North Ivales. A donation ol. L?O,000 il'as reLeii'ed frum thL MooiidancL follndatii)ii. Income from chrItAble activilies Restrletcd funds UJhrestriLtL.d fund 2025 Total Funds Tulal Fuiids 2025 2025 2024 Incoine from Lhariliiblti activiti¥s 4?.080 Incomt I'roni investment5 Resiriltvd funds Unreslricled futhd5 202S 'I'vl#l fr.unds 'I'olal liunds 2025 2025 1024 Interest receivable 1,557 1,557 2,-159 Page 10
M'ELSH BC)RDbR C.()MfvILiJl'l'l'l' I'lL45voR.I. NO'I"Tr.'S'1'U'I'llb. fr'INA.NC'IAI. S'I .I'l'b'.IIE)4'T'S IL'U,Y'I'INI LIED) FOR TIIF. I'EAR F.NI DFD J I I)F.C'EtsIBER 202$ Charitable aetivili¢b 2025 2024 Siatrcosis D¢pTeciaiion and impaimi¢nt Fucl Bus iiJ31lltLnani¢ VLhicle insur7¢ Postagc, 01CC and iniemet costs K¢tLt Heal and lijshi Offic¢ uisurallec L05s on disp05nl of tanglble tix¢d e[S Siit)dTies 229.)?1 21.()27 14.888 1.1.514 11.346 18.100 4.2(1'. ry5.654 27.11gX IS.6UY .516 4.061 1.432 318 1.8)4 -11 i.i¥.I 1.877 -111,260 Sliare of guYern#nce costs {s¢e note 71 319.5.17 An¥lvs1$ 1)v fund ?91.247 302.212 11.04 313.260 Restri¥11 tunds -119..i.17 Supporl costs Support co$t$ GovL'riillnce 2025 vvvrnallLe vsls Support costs 2024 IV515 Exiimin¢r4 fe& PaJToII 5?6 5?6 ?.476 497 1.877 1.877 497 1.¥77 ,877 Analysed beiw'eeii Charitable aciiviti 1.476 Governance cosis in¢lvdes pa>4)ienis to the independeni exan)iiiers of £l.Y50 120*4.. £1..1801 for exainination fees. Trustees NonL of IhL iTUSt¢es lor any p¢rsons Lonnected ii'iili Ih¢ml reLL'iv¢d 4iliy rL'muneratioii or b¢n¢fiis from the Lh4irity during rhe rI2(}4.. lnill alid llo truslces ivere reinibursed expenscs iii Ilie year (_ 7024.. no ITusle¢s). Pug¢ I I
'LL.%H BIIRDER CO.M.IIUTr4ITI' I'RANSPI)R'I' NOTES'I'O-I'HE b'llY,Icj,IL %'l'.4'1'ElE.['% ICO.% I'IIYUEDI FOR I'III,: I'b'AR F.INDF.D 31 DECE.IIBLR 2025 9 Emplo}'ees The avei?8e niontlily iiuinber ot'¢inployees dui'ingT Il)c year ivas.. 2Q25 Nuniber 2024 Nunlber Cliarilable activilieb Eniployinent LOSt& Wa&T¢S aiid sdlariis SuLial secui'ily ¢0slb 2025 21124 215.8?5 1.1,396 ?29.2?1 21?959 12,(>L)5 2?5,(>54 Th¢r¢ w¢re no employ¢es annual reiiiuner#iion was niorL Iliaii £60.000. 10 I'axation ThL Lh¢]rily is ttx¢tnpt frt)m iaxalion uji its activities beLaiise all ils iDLuine is applicd for cliJi'iiJblc piirposes. I l Tangible fixed a55et5 ttrlotor 'vhlcle5 Flxtures thnd fittlllg.s C.ompulers Total C05t Al l Jdnuury 2025 Ad(litiOllb ?025 Dispos£l12025 At I l DeL<iiiber 2025 DepreciatÈon and impairment At l January 2025 Eliniii)ated on dibi)osal DcpTLciaiioii chdrbF¥d in tIIL yLar Al.I l DeLeii)bEr 2U25 Carri'ing Al 31 DgLeiiibLr 2025 Al 31 DeceJi)b¢r 2ts24 194,410 6,999 7,312 3,898 20Y.721 1.1198 194,410 6,999 11,210 212,Ci19 113,768 6,347 7,312 127,427 20.161 13.A,y2yI 16.1 (),SlU 1,299 ,611 ? I,(1?3 149,U5U 60,481 XO,(742 489 (i)2 2.599 61.569 81,2Y4 Page l?
I'EL%H BI)RDER COMNIUNITY TRAN'SPORT ,NOTES I'(} THE FINANC'.IAL STATE.IIENTS IL()N'TINUEDI Tr"OR-I'Hb. I'EAK F'NDV.D.11 DECTr.)IBF.R 202 12 Debtors 2025 2024 An]ounts falling due Ivithin one }'ear: I'radc debiois Prepa)ryneiits ai)d accrued incoine 29.()40 4.211 8,2.5.5 4..355 13 CrL.ditors: amounts fallilig duL' lTrlthin nne l'ear 2025 21)24 I'rade creditors Accruals aiid deferd in¢oine 45.1 6.191 6,644 7.455 14 Unrestricted fund5 The unrestricied tunds ol'ih¢ ch&ritv eoiiiprise ihe unexpended balai)ces of donation5 and girai)1s whicli are not subject 10 specific coiidilioi)s by donors aiid uaiitors as to Iioiv Iliey Inay be u5¢d. Th¥s¢ include desibnated tuiids ivliicli have beeii sei aside oul ol- unresiricted fiJn(18 by the trustees for SPeLific puiFos¥s. At l Janunrv 2025 Incoining resource5 Resources expended ransfers -4t 31 D¢een)ber 2025 Tangiible Fixed Asset Fund Coiitiilgciicy fund GenercLI fuiids 81.294 S0.IMID 14().104 280.398 17,72) ?o,wo 63,569 70,OUO 118.774 ?52,343 63.192 •63,192 •91 ?47 Previous }'ear: At l Januarv 2024 Incoming re%our¢es Re50urcc5 expended 'I'ransfer5 Deccnibor 2024 TangTible Fixed Asset Pund Coiitingieii¢y fund G<n¢ral tunds 64.236 5U,IJO 195.249 309.485 17,058 50.000 14LJ.IU4 ?80,398 ?4().965 *49,965 302,212 302,712 6,102 3,160 Jn order to aLLurat¥l)' slivw Ili¢ reseives (led up in fixed ass¢15 h¢ld by ilie cliarity, a deSiTnaled ianLTrible fixed asset lund litts been crcaied. The lund relleeis the nei book value of the tanb¥ible lixed assets used operationally by tlie charilj. The truslees have also de4]Lared a coiiliiigeiicy fund to eoK'¢r r¢dundancy costs iii tlie event of reduced fvllding. Page 11
'Tr:I.SH B()RDLK CO)IfvIIThII"Y I'RATNSPnR'r N(ITE% TC> THE blN'AN'I:IAL %TATE)I IEINTS I(.'UINTINUEDI bOR Tllb. Yb"AR 31 DLiCLi.IIIIF.R 2V25 IS Restricted funds TIIL restricrtd fund% ot. tlie chariry Lomprisc tlie ullexpended bdlanL¢S of donations and .nIS wl)ich are subjeLI to spc¢ifi¢ conditions b). donors and UTrai)tors as lo how Iliey i)iay be used. At I JAnuary 2U25 Inc(>nilng resource5 Resourees expended Tronsfers Deceniber 2025 National Loitery. Cominunity Fund 65,792 28,290 -17,502 Previous lear: At l January 2024 Incomin Resources expLnded 'Iran$fer$ At31 Dcrenibcr rcsourccs 2024 Naiioiial Loll¢ry C.ommui)iry fund 100.000 11.048 23.160 65.79? National I.ulli'ry Communlij Fund Tlie Natioiial Lottery Gittnl is a u'ant toii'ards ihe purchase ol'a neil. miiiibus and the wab)es ol. ali additional di'ii"er. A traiisf¢i' Ivas nde io non-re8tricied tLinds 10 reflect ihe granl 'arded towards the piirchase ol-tlie i'ehi¢l¢ ivhich is availablL lor general charitable services. 16 Related party Ir#nya¢tiDns There were no diselosable relaied part), transactions diiring ihe year12024 none). P#bFe 14