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2022-03-31-accounts

As we slowly emerge from the worst of the Coronavirus pandemic, and start getting back to normality, face-to-face Medical appointments are becoming more regular, DACT Days Out back in full flow and our Mobility Shop and Repairs is returning to business as usual.

These past 12 months have seen DACT’s community work shine once again as Daventry District and beyond have resumed benefitting from the hard work and care of our volunteers as they use their time and skills to support those in need in the area.

We have welcomed a new member of staff to the team, Sharon, as she has taken on the role Office Manager in June 2021. She is a hard-working, people person who has hit the ground running brilliantly. We look forward to her future here at DACT.

We said a fond farewell to our DACT Mobility Shop manager, Beverley, in August 2021 after almost 7 years of service with the charity. She helped build the shop into what it is today and for that we are very grateful. Please join us in wishing Beverley all the best for her future endeavours.

Our colleague, Matt, has since transferred from Transport Bookings Officer to manage the Mobility Shop and has carried the momentum forward extremely well as full services and opening hours have returned.

Volunteers are the lifeblood of DACT’s organisation. As you have read previously, every single one of the services are provided by kind-hearted, local people who want to help their community.

Loneliness and Isolation are just the issues that DACT and the volunteers aim to tackle. Their constant willingness to put others before themselves and continue to serve the people of the Daventry District is outstanding. Many calls and letters are received from members exclaiming their gratitude for the hard work of the volunteers.

We’d like to give a special mention to our trustees. As well as being volunteers within DACT services, we are very grateful for their integrity and devotion to continue to help steer DACT in the right direction responsibly.

DACT services are regarded by all as much needed and essential for the vulnerable in the community. The future of DACT will always be bright and secure as long as volunteers are around, ready and willing to help those most in need.

Throughout the Daventry District, we have an incredible team of volunteer car drivers who want to help members of their community get to those essential medical appointments. Whether it’s a quick trip to the dentist, or a cataract operation at the hospital, our drivers will help passengers get there promptly and safely.

The volunteers will pick them up from their home, take them to their appointment, wait with them and bring them back, offering assistance along the way when needed. The cost is kept to a minimum as we only ask passenger to cover the drivers mileage and a small trip admin fee to DACT. If you would be interested in being a volunteer driver please do get in touch!

Despite many telephone appointments replacing face-toface appointments in 2021, the volunteer car drivers covered almost 9,000medicaljourneys , the equivalent of more than 137,000 miles of transport.

As well as that, DACT saw over 200 new for passengers sign up thescheme.

2

DIAL-A-RIDE

Dial-a-Ride is our fantastic home-to-town and return home bus service for elderly residents of Daventry town. The service, funded by the Daventry Town Council, currently runs on Friday mornings each week. The service is to help those over the age of 65 get their essential shopping done, one of our volunteer minibus drivers collects individuals from their homes and drops them in the town centre, providing assistance if required and then drops them back home again a couple of hours later.

DACT DAYS OUT

DACT Days Out is a wonderful calendar of day trips to various tourist attractions, shopping centres, pub lunches and many more. From trips to The Ritz in London, to Garden Centres in Warwickshire, there are so many locations to choose from. Any registered member of DACT can go on our trips, meaning that it is an excellent way of tackling loneliness and isolation in our community.

MINIBUS GROUP HIRE

Community Groups affiliated to DACT from throughout the Daventry District and beyond have the opportunity to hire our minibuses. Whether its to help facilitate the running of their group or for providing their own day trips, our minibuses and volunteer minibus drivers have been a support to local women’s institutes, travel clubs and many others.

MiDAS TRAINING

The nationally recognised Minibus Driver Awareness Scheme (MiDAS) is to improve minibus safety by enhancing the skills of drivers. It has been developed by the Community Transport Association (CTA) which is the national representative body for community, voluntary and other specialist transport operators and their supporters (DACT is a member).

All of our volunteers have to undergo MiDAS training, along with any one else who drives our minibuses such as members of our affiliated groups. The good news is we are able to offer this training provided by our fully qualified MiDAS trainers.

With 123 Community Groups affiliated to DACT’s minibus services, our volunteers more completed than 1,400 trips in the last 12 months, transporting almost 12,000passengers.

3

MOBILITY SHOP

DACT Mobility Shop is a hub for all things Mobility. Retailing a variety of new or refurbished items, from bathroom aids to rise and recliner armchairs, there are solutions for every room in the house and all walks of life - everything needed to make everyday life easier.

As well as retailing mobility items, the shop also offers a Mobility Scooter and Wheelchair Hire service for those times when – something temporary is needed it starts from as little as £5 a day! Whether just nipping round the town centre, or you’re off on holiday, our scooters and wheelchairs are a great option to assist you.

REPAIRS

The fantastic engineers in the “Pitstop” repairs workshop have the ability to lengthen the life of your mobility equipment. If you have a wheelchair with a few loose bolts, or your mobility scooter needs a full service, our engineers can get it back to ship shape.

Our repairs volunteers have completed 376 repairs/services , totalling to almost £16,000.

4

2000 – Daventry Express Award for Community Support (Winner)

2001 – Daventry Express Award for Community Support (Runner-up)

5

We would like to pay tribute to our core funders who give towards our revenue funding. With their help and our own fund raising efforts we are able to provide the mobility and transport services enjoyed by thousands of people across the Daventry district:-

WEST NORTHANTS COUNCIL | DAVENTRY TOWN COUNCIL | NENE COMMISSIONING (NHS)

Thanks go to two companies in Daventry district who are staunch supporters of DACT’s work. Their provision of storage facilities for our fleet of Minibuses is appreciated by us and by the many groups and drivers who use their premises:-

CUMMINS ENGINE COMPANY LTD | FORD MOTOR COMPANY

Special thanks go to DAVENTRY TOWN COUNCIL for their sponsorship of the weekly dial a ride service.

6

REGISTERED CHARITY NUMBER: 1170448

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

DAVENTRY AREA COMMUNITY TRANSPORT

DAVENTRY AREA COMMUNITY TRANSPORT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 8
Statement of Financial Activities 9
Statement of Financial Position 10
Notes to the Financial Statements 11 to 22
Detailed Statement of Financial Activities 23 to 24

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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).

Page 1

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES Objectives and aims

The principal aim and objective of the company during the year under review continued to be the operation of transport services which benefit the community.

Review of the business

DACT Finance Committee - Chairman's Report for accounts 2021/22.

I am pleased to report that all the activities of DACT have been carried out within the Charity's Constitution.

DACT exists to operate transport and mobility services which benefit the community

This objective is being addressed with the provision of:-

  1. A volunteer Car Scheme to enable passengers to attend any medically related appointment.

  2. A Community Minibus Scheme providing fully accessible minibuses to any not-for-profit group in the Daventry District area.

  3. A Dial-a-Ride Minibus Service providing transport into Daventry Town on Market Days for Senior Citizens and assistance to carry heavy shopping to their door on return.

  4. A DACT Days Out Minibus Service providing social trips for individuals who are socially excluded.

  5. DACT Mobility Shop, providing rental of powered wheelchairs/ scooters & manual wheelchairs for those with temporary or permanent mobility difficulties and sales of new & used mobility equipment.

  6. DACT Mobility Repairs - A scheme started in 2014 for servicing and maintaining scooters and mobility equipment for people who own their own equipment, and a Centre for recycling and renovating pre-owned mobility equipment for onward sale at keen prices.

  7. MiDAS Minibus Driver Training Scheme to enable any driver from this County and beyond to attend DACT to achieve a nationally accepted driving certificate.

Each of the scheme's costs are broken down in these accounts to enable the reader to understand the costs attributable to each scheme and the grant support each one gets.

DACT's staff and volunteers gave personal care and attention to 22,365 passenger trips last year through the provision of community minibuses, volunteer cars, mobility scooters and wheelchairs. Many of our customers would not be able to get out and enjoy social events, shopping etc, without the minibuses, which provide their transport.

This could not be achieved without our minibus volunteer drivers who give their time and care to make sure that the customers are looked after, valued and respected with 11,302 passenger trips. 9,693 passenger trips were taken to medical appointments last year with passengers being individually cared for by our volunteer car drivers who make sure they arrive in good time for their appointment. The volunteer drivers often sit with their passenger and give moral support and then return them to their home after their treatment or consultation.

We receive many calls, cards and letters from our satisfied customers who often state that they do not know what they would do without the excellent services we provide. The passengers become familiar names to our staff and when they telephone our Office for transport they are greeted by someone who knows their name and is sympathetic to their needs. The Office staff at DACT don't personally meet many of our customers and yet to read the commendations you would think that we are firm friends of many years!

The Mobility Shop provided hire services for 1,370 scooter/wheelchair passengers providing them with a measure of independence they would otherwise be deprived of.

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DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The fantastic relationship we enjoy with our passengers is undoubtedly due to the incredible amount of hard work put in by 75 volunteer drivers who fulfil the journey requirements for the passengers with some 182,283 miles travelled! They come from all areas of Daventry district, all walks of life, cover a very wide age-range and their combined efforts last year culminated in 31,384 volunteer hours being worked to provide the services that DACT supply to the Daventry district community. This is equivalent to almost 17 full-time jobs, which indicates just how much the volunteers are putting back into the community. Even at a very moderate value of £12.00 per hour, this is equivalent to approx £376,608 of services they provided for free!

Our DACT Mobility Shop service has become a lifeline to many with mobility difficulties and the users of this service praise the Staff and Mobility Shop volunteers for the quality of care and attention they consistently receive. Nothing is too much trouble for them with scooters even being taken to the bus stop or car to avoid the users having to struggle to the Mobility Shop premises for their scooter or wheelchair.

Our staff team of 4 (Phil, Chief Executive; Martyn, Operations Manager; Sharon, Office Manager; & Matt, Mobility Shop Manager, truly are a united workforce who all firmly believe in the ethos and vision of DACT. All work with a passion and drive, which brings such rewarding fulfilment when you see the difference our efforts have made to so many lives.

A big thank you to everyone who keeps 'the DACT show on the road'. There are at present 75 car drivers, 9 minibus drivers, 10 Mobility Shop helpers, 10 Mobility repair Centre Volunteers, 8 Trustees (all DACT Service Volunteers) and 3 Minibus Trainers. That's a total of 104 Volunteers and 4 paid staff.

It has been another encouraging year in this, our 29th year of operation. We are extremely grateful to our core funders West Northamptonshire Council, Nene Commissioning, Northamptonshire County Council & Daventry District Council for their continued support.

The Minibus fleet currently stands at a total of 5 vehicles, two of which have been on 'laid up cover' throughout the pandemic as we build up demand. We have no plans currently for a new bus in 2022.

By way of explanation, whilst it may appear that DACT have quite good cash reserves, it needs to be understood that these ring-fenced reserves have to be built up to enable us to be in a position to replace minibuses as they become due for renewal. At a current replacement cost of over £79,000 each plus VAT, it is vital that these reserves are maintained and added to. Additionally, DACT need to be able to remain strong and viable with the huge uncertainties relating to the withdrawal/reductions in core grant funding, when our funding agreements with the local authority come to an end in March 2023. The Trustees have been working towards a policy to maintain a contingency fund sufficient to cover a minimum of 6-months operational activity. We will do everything in our power to avoid leaving ourselves vulnerable as an Organisation, relied upon by thousands of passengers.

Our reserves policy has proven to be a vital one in the light of the COVID pandemic which virtually shut down the whole country.

Public benefit

The trustees have had regard to the guidance issued by the Charity Commission on public benefit and are satisfied that the charity's activates stated above further its purposes for the public benefit.

FINANCIAL REVIEW

Financial position

Total funds held by the charity at the balance sheet date were £510,652 of which £263,668 was unrestricted, and £246,984 restricted.

The funds held by the charity, which are not represented as either fixed assets for use within the charity or stock within the mobility shop amount to £272,613. Of this £204,855 is unrestricted and £67,758 is restricted.

Page 3

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Reserves policy

The Charity's reserve policy is to aim to hold 6 months running costs (excluding depreciation) in the event of a reduction or cut in funding, or an unforeseen emergency due to circumstances beyond our control. A contingency fund for these reserves has been included as a designated fund as shown in the notes to the accounts.

For the current year this expenditure amounted to £118,000, and the contingency reserve stands at £146,000 as at 31 March 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is a Charitable Incorporated Organisation (the CIO) governed according to the Constitution dated 29 November 2016. It was established to take forward the work of the registered Co-operative and Community Benefit Society of the same name, IP27663R.

Recruitment and appointment of new trustees

Trustees are eligible for election or appointment to the board if they are members of the organisation. A person is not eligible for election or appointment to the board if they are an employee of the organisation or if they are disqualified from being a charity trustees under the Charities Act 2011, and the General Regulations.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1170448

Principal address

The Abbey Market Square Daventry Northamptonshire NN11 4BH

Trustees

A Finch A Hogan D Turton Mrs A Hughes I Sharp Mrs P O'Connor B Lattaway D Kitchen

Auditors

DNG Dove Naish LLP, Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF DAVENTRY AREA COMMUNITY TRANSPORT

Opinion

We have audited the financial statements of Daventry Area Community Transport (the 'charity') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF DAVENTRY AREA COMMUNITY TRANSPORT

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011, United Kingdom Generally Accepted Accounting Practice.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the understatement of income. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing meeting minutes, regulatory correspondence with the Charity Commission and professional fees, detailed substantive testing on the completeness of income, and reviewing accounting estimates for biases.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF DAVENTRY AREA COMMUNITY TRANSPORT

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

DNG Dove Naish LLP, Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

Date: 19 July 2022

Page 8

DAVENTRY AREA COMMUNITY TRANSPORT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
131,301
Charitable activities
5
Minibus Operations
42,704
Car scheme
12,786
Other trading activities
3
77,958
Investment income
4
1,276
Other income
6
4,007
Total
270,032
EXPENDITURE ON
Raising funds
7
76,292
Charitable activities
8
Minibus Operations
115,245
Car scheme
50,537
Shopmobility Scheme
15,810
Minibus fund
8,663
Shopmobility Extension
-
Total
266,547
NET INCOME/(EXPENDITURE)
3,485
Transfers between funds
21
13,616
Net movement in funds
17,101
RECONCILIATION OF FUNDS
Total funds brought forward
246,567
TOTAL FUNDS CARRIED FORWARD
263,668		 Restricted
funds
£
12,646
-
-
-
-
2,922
15,568
-
-
-
1,774
21,911
5,438
29,123
(13,555)
(13,616)
(27,171)
274,155
246,984		 2022
Total
funds
£
143,947
42,704
12,786
77,958
1,276
6,929
285,600
76,292
115,245
50,537
17,584
30,574
5,438
295,670
(10,070)
-
(10,070)
520,722
510,652		 2021
Total
funds
£
214,880
5,429
2,313
26,220
2,451
-
251,293
40,402
120,131
88,675
18,200
37,046
5,583
310,037
(58,744)
-
(58,744)
579,466
520,722

The notes form part of these financial statements

Page 9

DAVENTRY AREA COMMUNITY TRANSPORT

STATEMENT OF FINANCIAL POSITION 31 MARCH 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
16
47,179
CURRENT ASSETS
Stocks
17
11,634
Debtors
18
9,856
Cash at bank
204,286
225,776
CREDITORS
Amounts falling due within one year
19
(9,287)
NET CURRENT ASSETS
216,489
TOTAL ASSETS LESS CURRENT
LIABILITIES
263,668
NET ASSETS
263,668
FUNDS
21
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
179,226
-
3,180
64,578
67,758
-
67,758
246,984
246,984		 2022
Total
funds
£
226,405
11,634
13,036
268,864
293,534
(9,287)
284,247
510,652
510,652
263,668
246,984
510,652		 2021
Total
funds
£
285,365
17,475
5,855
223,939
247,269
(11,912)
235,357
520,722
520,722
246,567
274,155
520,722

The notes form part of these financial statements

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DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The presentation currency for the financial statements is the Pound Sterling (£).

Income

All income, including government grant income, is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Wheelchairs and Scooters - 20% on cost Motor vehicles - 20% on cost less residual value Computer equipment - 25% on reducing balance

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants		 2022
£
17,108
1,503
125,336
143,947		 2021
£
13,866
1,442
199,572
214,880

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continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

West Northamptonshire Council
NHS
Covid-19 Government grants
Big Lottery Fund
Daventry District Council
Northamptonshire County Council
Other grants under £4,000 and anonymous donors
Bus Service Operators Grant
Constance Travis Trust
Maud Elkington Trust
3.
OTHER TRADING ACTIVITIES
Registrations
Wheelchair rental
Mobility sales
Pitstop sales and labour
Shopmobility other income
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Hire and administration
fees
Minibus Operations
Membership fees
Minibus Operations
MIDAS income
Minibus Operations
Fuel
Minibus Operations
Hire and administration
fees
Car scheme		 2022
£
75,824
13,600
13,016
9,500
-
-
5,382
4,014
4,000
-
125,336
2022
£
80
3,900
55,842
15,547
2,589
77,958
2022
£
1,276
2022
£
24,473
2,250
2,650
13,331
12,786
55,490		 2021
£
-
11,000
95,266
-
40,698
31,980
10,955
4,423
4,000
1,250
199,572
2021
£
60
710
18,568
4,575
2,307
26,220
2021
£
2,451
2021
£
5,088
(590)
-
931
2,313
7,742		 2021
£
-
11,000
95,266
-
40,698
31,980
10,955
4,423
4,000
1,250
199,572
2021
£
60
710
18,568
4,575
2,307
26,220
2021
£
2,451
2021
£
5,088
(590)
-
931
2,313
7,742

Page 13

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

6. OTHER INCOME

Profit on sale of assets
7.
RAISING FUNDS
Raising donations and legacies
Staff costs
Other trading activities
Purchases
Staff costs
Rent
Affiliation fees
Bad debts
Interest payable and similar charges
Aggregate amounts
8.
CHARITABLE ACTIVITIES COSTS
Minibus Operations
Car scheme
Shopmobility Scheme
Minibus fund
Shopmobility Extension		 Direct
Costs (see
note 9)
£
71,950
44,845
8,690
30,574
-
156,059		 2022
£
6,929
2022
£
1,533
2022
£
42,928
27,064
2,856
245
-
1,666
74,759
76,292
Support
costs (see
note 10)
£
43,295
5,692
8,894
-
5,438
63,319		 2021
£
-
2021
£
2,105
2021
£
7,578
27,224
2,300
-
98
1,097
38,297
40,402
Totals
£
115,245
50,537
17,584
30,574
5,438
219,378

Page 14

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Rent, rates and water
Insurance
Fuel
Sundries
Training
Volunteer expenses
Maintenance and cleaning
Licences
Depreciation
10.
SUPPORT COSTS		 2022
£
65,735
33,447
5,227
7,630
6,175
705
658
5,396
512
30,574
156,059		 2021
£
110,081
33,933
5,202
405
4,964
-
509
1,591
(780)
36,491
192,396
Governance
Management
costs
£
£
Minibus Operations
40,910
2,385
Car scheme
3,307
2,385
Shopmobility Scheme
7,701
1,193
Shopmobility Extension
5,438
-
57,356
5,963		 Totals
£
43,295
5,692
8,894
5,438
63,319

Support costs, included in the above, are as follows:

Minibus
Operations
£
Wages
35,376
Postage, stationery & telephone
3,488
Consultancy fees
1,608
IT support
433
Depreciation of tangible and heritage
assets
5
Loss on sale of tangible fixed assets
-
Auditors' remuneration
886
Auditors' remuneration for non audit
work
1,499
Accountancy and legal fees
-
43,295		 Car
Shopmobility
scheme
Scheme
£
£
-
-
2,594
2,486
-
-
713
786
-
4,429
-
-
886
443
1,499
750
-
-
5,692
8,894

Page 15

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. SUPPORT COSTS - continued

Shopmobility
Extension
£
Wages
-
Postage, stationery & telephone
-
Consultancy fees
-
IT support
-
Depreciation of tangible and heritage
assets
5,438
Loss on sale of tangible fixed assets
-
Auditors' remuneration
-
Auditors' remuneration for non audit
work
-
Accountancy and legal fees
-
5,438
11.
AUDITORS' REMUNERATION
Fees payable to the charity's auditors for the audit of the charity's
financial statements
Auditors' remuneration for non audit work		 2022
Total
activities
£
35,376
8,568
1,608
1,932
9,872
-
2,215
3,748
-
63,319
2022
£
2,215
3,748		 2021
Total
activities
£
46,352
5,266
8,040
3,465
10,463
385
1,218
1,650
400
77,239
2021
£
1,218
1,650

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

13. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2022
£
117,918
7,073
4,717
129,708		 2021
£
167,418
11,648
6,696
185,762

The average monthly number of employees during the year was as follows:

Running and administration 2022
4		 2021
6

No employees received emoluments in excess of £60,000.

During the year, total remuneration for key management personnel was £73,825 (2021: £83,007).

Page 16

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
213,630
Charitable activities
Minibus Operations
5,429
Car scheme
2,313
Other trading activities
26,220
Investment income
2,451
Total
250,043
EXPENDITURE ON
Raising funds
40,402
Charitable activities
Minibus Operations
120,131
Car scheme
88,675
Shopmobility Scheme
17,337
Minibus fund
11,797
Shopmobility Extension
-
Total
278,342
NET INCOME/(EXPENDITURE)
(28,299)
RECONCILIATION OF FUNDS
Total funds brought forward
274,866
TOTAL FUNDS CARRIED FORWARD
246,567		 Restricted
funds
£
1,250
-
-
-
-
1,250
-
-
-
863
25,249
5,583
31,695
(30,445)
304,600
274,155		 Total
funds
£
214,880
5,429
2,313
26,220
2,451
251,293
40,402
120,131
88,675
18,200
37,046
5,583
310,037
(58,744)
579,466
520,722

15. PROFIT/(LOSS) IN YEAR

Loss made in the year is after charging depreciation of £40,446.

Page 17

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

16. TANGIBLE FIXED ASSETS

Wheelchairs
Short
and
Motor
leasehold
Scooters
vehicles
£
£
£
COST
At 1 April 2021
78,162
9,148
438,694
Additions
3,596
5,224
-
Disposals
-
(5,189)
(71,577)
At 31 March 2022
81,758
9,183
367,117
DEPRECIATION
At 1 April 2021
16,459
5,485
228,518
Charge for year
5,840
1,839
30,575
Eliminated on disposal
-
(3,885)
(46,578)
At 31 March 2022
22,299
3,439
212,515
NET BOOK VALUE
At 31 March 2022
59,459
5,744
154,602
At 31 March 2021
61,703
3,663
210,176
17.
STOCKS
Stocks
18.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
VAT
Prepayments and accrued income		 Computer
equipment
£
43,801
475
(10,717)
33,559
33,978
2,192
(9,211)
26,959
6,600
9,823
2022
£
11,634
2022
£
3,804
3,528
5,704
13,036		 Totals
£
569,805
9,295
(87,483)
491,617
284,440
40,446
(59,674)
265,212
226,405
285,365
2021
£
17,475
2021
£
599
2,219
3,037
5,855		 Totals
£
569,805
9,295
(87,483)
491,617
284,440
40,446
(59,674)
265,212
226,405
285,365
2021
£
17,475
2021
£
599
2,219
3,037
5,855

Page 18

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
Accruals and deferred income		 2022
£
4,759
678
3,850
9,287		 2021
£
2,773
964
8,175
11,912

20. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 2022
£
35,969
36,180
42,964
115,113		 2021
£
35,969
63,104
52,009
151,082

The lease on the Mobility Shop is for 15 years with a break clause after 10 years. The full lease disclosure is represented above as required under FRS 102.

21. MOVEMENT IN FUNDS

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Contingency Fund
New Minibus Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
Database redevelopment
TOTAL FUNDS		 At 1/4/21
£
10,518
-
32,683
57,366
146,000
-
246,567
211,068
59,817
3,270
-
274,155
520,722		 Net
movement
in funds
£
9,633
(5,903)
4,979
(5,224)
-
-
3,485
(18,850)
(5,438)
1,233
9,500
(13,555)
(10,070)		 Transfers
between
funds
£
(5,903)
5,903
(1,215)
(16,669)
-
31,500
13,616
(14,830)
-
1,214
-
(13,616)
-		 At
31/3/22
£
14,248
-
36,447
35,473
146,000
31,500
263,668
177,388
54,379
5,717
9,500
246,984
510,652

Page 19

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
Database redevelopment
TOTAL FUNDS		 Incoming
resources
£
126,626
44,634
95,333
3,439
270,032
3,061
-
3,007
9,500
15,568
285,600		 Resources
Movement
expended
in funds
£
£
(116,993)
9,633
(50,537)
(5,903)
(90,354)
4,979
(8,663)
(5,224)
(266,547)
3,485
(21,911)
(18,850)
(5,438)
(5,438)
(1,774)
1,233
-
9,500
(29,123)
(13,555)
(295,670)
(10,070)

Comparatives for movement in funds

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Contingency Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
TOTAL FUNDS		 At 1/4/20
£
20,769
-
38,934
69,163
146,000
274,866
235,067
65,255
4,278
304,600
579,466		 Net
movement
in funds
£
(64)
(12,638)
(6,251)
(11,797)
2,451
(28,299)
(23,999)
(5,438)
(1,008)
(30,445)
(58,744)		 Transfers
between
funds
£
(10,187)
12,638
-
-
(2,451)
-
-
-
-
-
-		 At
31/3/21
£
10,518
-
32,683
57,366
146,000
246,567
211,068
59,817
3,270
274,155
520,722

Page 20

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Contingency Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
TOTAL FUNDS		 Incoming
resources
£
122,485
76,037
49,070
-
2,451
250,043
1,250
-
-
1,250
251,293		 Resources
Movement
expended
in funds
£
£
(122,549)
(64)
(88,675)
(12,638)
(55,321)
(6,251)
(11,797)
(11,797)
-
2,451
(278,342)
(28,299)
(25,249)
(23,999)
(5,438)
(5,438)
(1,008)
(1,008)
(31,695)
(30,445)
(310,037)
(58,744)

The Minibus Operations Fund is for the ongoing use of the minibuses

The Car Scheme fund is to assist anyone that has difficulty using public transport to get to medical appointments.

The Shopmobility fund is for the continuation of the mobility shop.

The restricted Minibus Fund is represented by minibuses in use.

The Shopmobility Extension Fund is for the extension to the mobility shop which was completed in January 2019.

The Contingency Fund was set up to provide funds for 6 months running costs in case income funding was reduced.

The unrestricted Minibus Fund is represented by minibuses in use.

The 'new minibus fund' is to be used as a designated fund and represents income from the sale of EY17 YWR and will be used to aid the purchase of a new fully accessible minibus by the end of the financial year 2022/23. This will be the case unless unforeseen circumstances dictate to Trustees that the money is needed to be spent elsewhere.

The Shopmobility Fleet Scooters fund is to upgrade the hired mobility vehicles.

The database redevelopment fund includes a restricted grant received during the year to create a new customer database to be used within the charity. This will be completed in the next financial year.

Page 21

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

22. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022 nor the year ended 31 March 2021.

Page 22

DAVENTRY AREA COMMUNITY TRANSPORT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Other trading activities
Registrations
Wheelchair rental
Mobility sales
Pitstop sales and labour
Shopmobility other income
Investment income
Deposit account interest
Charitable activities
Hire and administration fees
Membership fees
MIDAS income
Fuel
Other income
Profit on sale of assets
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Other trading activities
Purchases
Pitstop parts/maintenance
Wages
Social security
Rent
Affiliation fees
Bad debts
PDQ charges		 2022
£
17,108
1,503
125,336
143,947
80
3,900
55,842
15,547
2,589
77,958
1,276
37,259
2,250
2,650
13,331
55,490
6,929
285,600
1,533
36,975
5,953
25,672
1,392
2,856
245
-
1,666
74,759		 2021
£
13,866
1,442
199,572
214,880
60
710
18,568
4,575
2,307
26,220
2,451
7,401
(590)
-
931
7,742
-
251,293
2,105
4,409
3,169
25,375
1,849
2,300
-
98
1,097
38,297

This page does not form part of the statutory financial statements

Page 23

DAVENTRY AREA COMMUNITY TRANSPORT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Other trading activities
Charitable activities
Wages
Social security
Pensions
Rent, rates and water
Insurance
Fuel
Sundries
Training
Volunteer expenses
Maintenance and cleaning
Licences
Depreciation of tangible fixed assets
Support costs
Management
Wages
Postage, stationery & telephone
Consultancy fees
IT support
Depreciation of tangible and heritage
assets
Other
Loss on sale of tangible fixed assets
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Accountancy and legal fees
Total resources expended
Net expenditure		 2022
£
55,337
5,681
4,717
33,447
5,227
7,630
6,175
705
658
5,396
512
30,574
156,059
35,376
8,568
1,608
1,932
9,872
57,356
-
2,215
3,748
-
5,963
295,670
(10,070)		 2021
£
93,586
9,799
6,696
33,933
5,202
405
4,964
-
509
1,591
(780)
36,491
192,396
46,352
5,266
8,040
3,465
10,463
73,586
385
1,218
1,650
400
3,268
310,037
(58,744)

This page does not form part of the statutory financial statements

Page 24