It has been great this past year to get back to some sort of normality, since taking up the reins of DACT, we have been in or emerging from the Covid Pandemic. 

This past year we have seen a steady growth towards our normal levels of demand as more and more people gain the confidence to be out and about. This is particularly heart-warming for those in our community that just would not get out without the support of a DACT service, whether that is mobility equipment from the Mobility Shop, the car scheme to get people to medical appointments or our minibus services offering days out, community group travel or weekly shopping trips. 

These services at first sight might seem quite ordinary, but with the wonderful volunteers who deliver the services, the difference it makes for the person involved is immense.  For many passengers who are isolated and find it difficult going out their own door without help, small things like a friendly smile and an arm to lean on really matter.  We get countless letters and even more comments on the phone that people would not know what to do without their DACT Volunteer, and service provided by the DACT office team. The office team themselves end up fulfilling a function far greater than just taking down booking details.  People who phone up often need to talk to someone about their challenges, which requires a sympathetic ear, common sense advice and a reassuring nature and in some cases a referral to another support service.  DACT passengers become well known to the staff, so much so that when the passenger phones up they feel like they are talking to a friend not just a phone operator. The need for organisations that reach out into the community is often greatly under-estimated. 

I would take this opportunity to once again thank The ARC Cinema for their help and support this last year and especially for hosting out Christmas Volunteer Drop In Day. It was a wonderful day with a great buzz and that is thanks to the staff at the cinema for their generosity and commitment to DACT. 





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 themselves, 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 amazing 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 doctor’s, or a cataract operation at the hospital, our drivers will assist passengers to get to their appointments promptly and safely. 

The volunteers will pick them up from their home using their own vehicles, 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 passengers to cover the drivers mileage and a small trip admin fee which is used to fund the DACT car scheme. _**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 13,000 medical journeys , the equivalent of more than 180,000miles of transport. 

As well as that, DACT saw over 151 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, seaside trips 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 undergone MiDAS training, as will anyone who drives our minibuses such as members of our affiliated groups. The good news is we are able to offer training, provided by our fully qualified MiDAS trainers. 

With 143 Community Groups affiliated to DACT’s minibus services, our volunteers more completed than 230 trips in the last 12 months, transporting almost 16,000passengers. 


**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. 

This financial was the first since year the Covid pandemic in which shops opening hours were back to normal throughout. 

We have seen over 800 Scooter hires, and almost 1,300 wheelchair hires. 

## REPAIRS 

Our repairs volunteers also completed more than 400 repairs/services. 

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. 



**4** 




**2000** – Daventry Express Award for Community Support (Winner) 

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

- **2003** – Daventry  Express Award for Community Support (Winner) – Daventry Express Award for Team of the Year (Winner) 

- **2005** – Daventry  Express Award for Community Support (Runner-up) – Daventry Express Award for Team of the Year (Winner) 

- **2006** – Daventry  Express Award for Non-Profit Making Organisation of the Year (Winner) – Daventry  Express Award for Team of the Year (Runner-up) – Daventry Express Award for Community Support (Winner) 

**2008** – ‘Nationwide’ Endeavour Award (Regional Winner) 

- **2012** – Daventry & District Housing ‘Star Award’ for Volunteer of the Year (Winner) – Daventry & District Housing ‘Star Award’ for Community Project of the Year (Winner) 

- **2014** – Daventry & District Housing ‘Star Award’ for Community Project of the Year (Winner) – Daventry & District Housing ‘Star Award’ for Volunteer of the Year (Finalist) 

   - Northamptonshire Business Awards for Enterprising Organisation of the Year (Finalist) – Northamptonshire Business Awards for Community Investment (Finalist) 

- **2016** – Pride in Northamptonshire Awards for Volunteer of the Year (Winner) – Pride in Northamptonshire Awards for Choice Award (Winner) – Britain has Spirit Award for Volunteer of the Year (Finalist) 

**2017** – Queens Award for Voluntary Service 

   - Pride in Northamptonshire Awards for Community Group of the Year (Winner) – Pride in Northamptonshire Awards for Volunteer of the Year (Winner) 

- **2018** – Pride in Northamptonshire Awards for Hard Work and Determination (Finalist) 

   - Northamptonshire Community Foundation Awards for Lifetime Achievement (Winner) 

   - Northamptonshire Community Foundation Awards for Volunteer of the Year (Runner-up) 

- **2019** – Community Transport Awards “Volunteer of the Year” (Winner) – Community Transport Awards “Photo Competition” (Winner) 

**2022** – BBC Make a Difference Volunteer Award (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 | INTEGRATED CARE NORTHAMPTONSHIRE (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 2023** 

**FOR** 

## **DAVENTRY AREA COMMUNITY TRANSPORT** 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

||**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 2023** 

The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 2023** 

## **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** 

We are pleased to report that our Activities have been carried out within the Charity’s Constitution. 

We at DACT offer transport and mobility services which benefit all of the community. 

This last year was going to be a difficult one, with so many events happening that have affected us all in different ways. 

It is therefore pleasing that we are able to report the continued success of DACT over this period. 

It is good to see that over the year we have made a small surplus which helps us keep a good cash reserves. 

This helps in the provision of: 

1) Community Minibus Scheme operating five fully accessible minibuses serving the local community groups, of children's, youth, elderly, disabled, visually impaired mentally ill, and others.   We gained 18 new groups. This year we have seen an increase in the use of Schools. In all we carried 18,424 people covering 52,250 miles. 

2) Dact Dial- a- ride offers a service on Fridays for the elderly and disabled Daventry residents to come into town for the shops and market. 

3) Dact Days Out - this continues to be very popular taking members for days out to places of interest, which provides social interaction 

4) MiDAS - Minibus Driving scheme - a test for new drivers and for existing drivers have to retake every four years. We not only test our drivers but also drivers form other organisations. 

5) Volunteer Car Scheme - taking qualifying passengers to medical and related appointments This past year has seen us undertake some 14,106 passenger trips. 

6) Shopmobility Scheme - hiring of powered scooters and wheelchairs to those with temporary or permanent disabilities. 

7) DACT Mobility Shop - next to the bus station offers new and refurbished (ex DACT Mobility Repairs) mobility equipment of all kinds. This service helps us fund other of our services that run at a deficit. 

8) DACT Mobility - a service offered from our shop for maintenance and repairs of mobility equipment and recycling/refurbishment of pre-owned equipment for resale. 

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. 

You can see from the accounts that are presented, the costs are broken down so that you can understand the costs attributed to each scheme together with the grant support each receives.  You will see in some areas we make a small loss over the year, but in others a surplus is made. 

Without the support of Grants from our Core funders, West Northamptonshire, Daventry District Council, Nene Commissioning and others, we would have to find another source of funding. Most of these grants have been maintained at the same level as previous years, with cut backs being made everywhere these are much appreciated we would be in trouble in running our services we offer, without these grants and we very grateful for their continued support or consultation. 

Page 2 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** 

The hard work of our staff team of 5, Phil, Martyn, Sharon, Nikki and Matt, who are a wonderful workforce and dedicated team. It has again been a very rewarding year with all of them playing very important rolls , which brings the satisfaction when they see the results of their superb hard work which helps so many in our local community. 

A big thank you to everyone one of our volunteers, which ever area of the work they volunteer in, they keep DACT delivering the services that we offer to our local community it is very much appreciated. We receive many letters, cards and telephone calls thanking us for our services, which is a reflection on all the hard work and dedication, that all of us that work in the office or volunteering. 

In conclusion we are pleased to confirm that DACT appear to have good cash reserves, as we never know what challenges might be around the corner.  With a Replacement Minibus cost at around £100,000 and not knowing how long our grants will be maintained or if they will be reduced. We all know we are in difficult times and organisations are looking at saving money. The Trustees are maintaining a policy of having a contingency fund sufficient to cover a minimum 6 months operational period. They will do everything in their power to avoid leaving ourselves vulnerable as an Organisation, which is relied upon by thousands of people across the Daventry District. 

## **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 £529,046 of which £259,850 was restricted, and £269,196 unrestricted. 

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 £336,604. Of this £218,146 is unrestricted and £118,458 is restricted. 

## **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 £178,970, and the contingency reserve stands at £146,000 as at 31 March 2023. 

Page 3 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** 

## **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 (resigned 10/8/22) D Turton Mrs A Hughes I Sharp (resigned 10/8/22) Mrs P O'Connor B Lattaway (resigned 16/11/22) D Kitchen Mrs P Chauhan (appointed 10/8/22) Mrs J Nash (appointed 10/8/22) Mrs J Heward Shamilt (appointed 10/8/22) R Crowder (appointed 10/8/22) 

## **Auditors** 

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

Page 4 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** 

## **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). 

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 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

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. 

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 

................................................................. Mrs A Hughes - Trustee 

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 2023 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:~~ 

- ~~give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, for the year then ended;~~ 

- ~~have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and~~ 

- ~~have been prepared in accordance with the requirements of the Charities Act 2011.~~ 

## ~~**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:~~ 

- ~~the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or~~ 

- ~~sufficient accounting records have not been kept; or~~ 

- ~~the financial statements are not in agreement with the accounting records and returns; or~~ 

- ~~we have not received all the information and explanations we require for our audit.~~ 

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: .............................................~~ 

Page 8 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** 

|Unrestricted<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>120,555<br>**Charitable activities**<br>5<br>Minibus Operations<br>79,871<br>Car scheme<br>21,528<br>Other trading activities<br>3<br>130,589<br>Investment income<br>4<br>2,248<br>Other income<br>6<br>1,670<br>**Total**<br>356,461<br>**EXPENDITURE ON**<br>Raising funds<br>7<br>104,742<br>**Charitable activities**<br>8<br>Minibus Operations<br>162,964<br>Car scheme<br>72,037<br>Shopmobility Scheme<br>18,833<br>Minibus fund<br>3,286<br>Shopmobility Extension<br>-<br>**Total**<br>361,862<br>**NET INCOME/(EXPENDITURE)**<br>(5,401)<br>**Transfers between funds**<br>20<br>10,929<br>**Net movement in funds**<br>5,528<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>263,668<br>**TOTAL FUNDS CARRIED FORWARD**<br>269,196|Restricted<br>funds<br>£<br>49,501<br>-<br>-<br>-<br>-<br>10,038<br>59,539<br>-<br>7,500<br>-<br>1,551<br>21,255<br>5,438<br>35,744<br>23,795<br>(10,929)<br>12,866<br>246,984<br>259,850|2023<br>Total<br>funds<br>£<br>170,056<br>79,871<br>21,528<br>130,589<br>2,248<br>11,708<br>416,000<br>104,742<br>170,464<br>72,037<br>20,384<br>24,541<br>5,438<br>397,606<br>18,394<br>-<br>18,394<br>510,652<br>529,046|2022<br>Total<br>funds<br>£<br>143,947<br>42,704<br>12,786<br>77,958<br>1,276<br>6,929<br>285,600<br>76,292<br>115,245<br>50,537<br>17,584<br>30,574<br>5,438<br>295,670<br>(10,070)<br>-<br>(10,070)<br>520,722<br>510,652|
|---|---|---|---|



The notes form part of these financial statements 

Page 9 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **STATEMENT OF FINANCIAL POSITION 31 MARCH 2023** 

|Unrestricted<br>funds<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>15<br>41,666<br>**CURRENT ASSETS**<br>Stocks<br>16<br>9,382<br>Debtors<br>17<br>29,773<br>Cash at bank<br>198,565<br>237,720<br>**CREDITORS**<br>Amounts falling due within one year<br>18<br>(10,190)<br>**NET CURRENT ASSETS**<br>227,530<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>269,196<br>**NET ASSETS**<br>269,196<br>**FUNDS**<br>20<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Restricted<br>funds<br>£<br>141,392<br>-<br>88,884<br>136,163<br>225,047<br>(106,589)<br>118,458<br>259,850<br>259,850|2023<br>Total<br>funds<br>£<br>183,058<br>9,382<br>118,657<br>334,728<br>462,767<br>(116,779)<br>345,988<br>529,046<br>529,046<br>269,196<br>259,850<br>529,046|2022<br>Total<br>funds<br>£<br>226,405<br>11,634<br>13,036<br>268,864<br>293,534<br>(9,287)<br>284,247<br>510,652<br>510,652<br>263,668<br>246,984<br>510,652|
|---|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 

............................................. A Hughes - Trustee 

............................................. D Kitchen - Trustee 

The notes form part of these financial statements 

Page 10 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **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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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **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<br>Gift aid<br>Grants|2023<br>£<br>21,588<br>927<br>147,541<br>170,056|2022<br>£<br>17,108<br>1,503<br>125,336<br>143,947|
|---|---|---|



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**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **2. DONATIONS AND LEGACIES - continued** 

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

|West Northamptonshire Council<br>NHS<br>Covid-19 Government grants<br>Big Lottery Fund<br>Other grants under £4,000 and anonymous donors<br>Bus Service Operators Grant<br>Constance Travis Trust<br>Northamptonshire Community Foundation<br>Beatrice Laing Trust<br>Garfield Weston Fund<br>Eric Stanton Trust<br>Bernard Sunley Foundation<br>Inman Charity<br>Albert HuntTrust<br>Daventry Town Council<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Registrations<br>Wheelchair rental<br>Mobility sales<br>Pitstop sales and labour<br>Shopmobility other income<br>**4.**<br>**INVESTMENT INCOME**<br>Deposit account interest|2023<br>£<br>72,678<br>14,746<br>-<br>-<br>4,500<br>5,027<br>-<br>5,590<br>5,000<br>7,500<br>5,000<br>10,000<br>5,000<br>5,000<br>7,500<br>147,541<br>2023<br>£<br>-<br>20,310<br>88,251<br>16,277<br>5,751<br>130,589<br>2023<br>£<br>2,248|2022<br>£<br>75,824<br>13,600<br>13,016<br>9,500<br>5,382<br>4,014<br>4,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>125,336<br>2022<br>£<br>80<br>3,900<br>55,842<br>15,547<br>2,589<br>77,958<br>2022<br>£<br>1,276|
|---|---|---|
||||



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **5. INCOME FROM CHARITABLE ACTIVITIES** 

|Activity<br>Hire and administration<br>fees<br>Minibus Operations<br>Membership fees<br>Minibus Operations<br>MIDAS income<br>Minibus Operations<br>Fuel<br>Minibus Operations<br>Hire and administration<br>fees<br>Car scheme<br>**6.**<br>**OTHER INCOME**<br>Profit on sale of assets<br>Other income<br>**7.**<br>**RAISING FUNDS**<br>**Raising donations and legacies**<br>Staff costs<br>**Other trading activities**<br>Purchases<br>Staff costs<br>Rent<br>Affiliation fees<br>Interest payable and similar charges<br>Aggregate amounts|2023<br>£<br>42,069<br>3,575<br>3,475<br>30,752<br>21,528<br>101,399<br>2023<br>£<br>10,038<br>1,670<br>11,708<br>2023<br>£<br>-<br>2023<br>£<br>72,113<br>26,365<br>3,392<br>245<br>2,627<br>104,742<br>104,742||2022<br>£<br>24,473<br>2,250<br>2,650<br>13,331<br>12,786<br>55,490<br>2022<br>£<br>6,929<br>-<br>6,929<br>2022<br>£<br>1,533<br>2022<br>£<br>42,928<br>27,064<br>2,856<br>245<br>1,666<br>74,759<br>76,292|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **8. CHARITABLE ACTIVITIES COSTS** 

|Minibus Operations<br>Car scheme<br>Shopmobility Scheme<br>Minibus fund<br>Shopmobility Extension<br>**9.**<br>**DIRECT COSTS OF CHARITABLE ACTIVITIES**<br>Staff costs<br>Rent, rates and water<br>Insurance<br>Fuel<br>Advertising<br>Sundries<br>Training<br>Volunteer expenses<br>Maintenance and cleaning<br>Licences<br>Event fees<br>Depreciation|Direct<br>Costs (see<br>note 9)<br>£<br>139,415<br>65,987<br>12,192<br>24,541<br>-<br>242,135|Support<br>costs (see<br>note 10)<br>£<br>31,049<br>6,050<br>8,192<br>-<br>5,438<br>50,729<br>2023<br>£<br>105,331<br>36,310<br>7,123<br>18,101<br>2,479<br>9,512<br>1,690<br>2,622<br>24,362<br>-<br>4,814<br>29,791<br>242,135|Totals<br>£<br>170,464<br>72,037<br>20,384<br>24,541<br>5,438<br>292,864<br>2022<br>£<br>65,735<br>33,447<br>5,227<br>7,630<br>-<br>6,175<br>705<br>658<br>5,396<br>512<br>-<br>30,574<br>156,059|
|---|---|---|---|



## **10. SUPPORT COSTS** 

|Governance<br>Management<br>costs<br>£<br>£<br>Minibus Operations<br>28,693<br>2,356<br>Car scheme<br>4,043<br>2,007<br>Shopmobility Scheme<br>7,029<br>1,163<br>Shopmobility Extension<br>5,438<br>-<br>45,203<br>5,526|Totals<br>£<br>31,049<br>6,050<br>8,192<br>5,438<br>50,729|
|---|---|



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **10. SUPPORT COSTS - continued** 

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

|Minibus<br>Operations<br>£<br>Wages<br>22,845<br>Postage, stationery & telephone<br>5,021<br>Consultancy fees<br>-<br>IT support<br>806<br>Depreciation of tangible and heritage<br>assets<br>21<br>Auditors' remuneration<br>743<br>Auditors' remuneration for non audit<br>work<br>1,613<br>31,049<br>Shopmobility<br>Extension<br>£<br>Wages<br>-<br>Postage, stationery & telephone<br>-<br>Consultancy fees<br>-<br>IT support<br>-<br>Depreciation of tangible and heritage<br>assets<br>5,438<br>Auditors' remuneration<br>-<br>Auditors' remuneration for non audit<br>work<br>-<br>5,438<br>**11.**<br>**AUDITORS' REMUNERATION**<br>Fees payable to the charity's auditors for the audit of the charity's<br>financial statements<br>Auditors' remuneration for non audit work|Car<br>Shopmobility<br>scheme<br>Scheme<br>£<br>£<br>-<br>-<br>3,037<br>2,568<br>-<br>-<br>806<br>770<br>200<br>3,691<br>657<br>376<br>1,350<br>787<br>6,050<br>8,192<br>2023<br>2022<br>Total<br>Total<br>activities<br>activities<br>£<br>£<br>22,845<br>35,376<br>10,626<br>8,568<br>-<br>1,608<br>2,382<br>1,932<br>9,350<br>9,872<br>1,776<br>2,215<br>3,750<br>3,748<br>50,729<br>63,319<br>2023<br>2022<br>£<br>£<br>1,776<br>2,215<br>3,750<br>3,748|
|---|---|
|||



## **12. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. 

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**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **13. STAFF COSTS** 

|Wages and salaries<br>Social security costs<br>Other pension costs|2023<br>£<br>140,183<br>8,751<br>5,607<br>154,541|2022<br>£<br>117,918<br>7,073<br>4,717|
|---|---|---|
|||129,708|



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

|Running and administration|2023<br>5|2022<br>4|
|---|---|---|



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

During the year, total remuneration for key management personnel was £79,611 (2022: £73,825). 

## **14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|Unrestricted<br>funds<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>131,301<br>**Charitable activities**<br>Minibus Operations<br>42,704<br>Car scheme<br>12,786<br>Other trading activities<br>77,958<br>Investment income<br>1,276<br>Other income<br>4,007<br>**Total**<br>270,032<br>**EXPENDITURE ON**<br>Raising funds<br>76,292<br>**Charitable activities**<br>Minibus Operations<br>115,245<br>Car scheme<br>50,537<br>Shopmobility Scheme<br>15,810<br>Minibus fund<br>8,663<br>Shopmobility Extension<br>-<br>**Total**<br>266,547<br>**NET INCOME/(EXPENDITURE)**<br>3,485<br>**Transfers between funds**<br>13,616<br>**Net movement in funds**<br>17,101<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>246,567|Restricted<br>funds<br>£<br>12,646<br>-<br>-<br>-<br>-<br>2,922<br>15,568<br>-<br>-<br>-<br>1,774<br>21,911<br>5,438<br>29,123<br>(13,555)<br>(13,616)<br>(27,171)<br>274,155|Total<br>funds<br>£<br>143,947<br>42,704<br>12,786<br>77,958<br>1,276<br>6,929<br>285,600<br>76,292<br>115,245<br>50,537<br>17,584<br>30,574<br>5,438<br>295,670<br>(10,070)<br>-<br>(10,070)<br>520,722|
|---|---|---|



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

|**14.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**<br>Unrestricted<br>Restricted<br>funds<br>funds<br>£<br>£<br>**TOTAL FUNDS CARRIED FORWARD**<br>263,668<br>246,984<br>**15.**<br>**TANGIBLE FIXED ASSETS**<br>Wheelchairs<br>Short<br>and<br>Motor<br>Computer<br>leasehold<br>Scooters<br>vehicles<br>equipment<br>£<br>£<br>£<br>£<br>**COST**<br>At 1 April 2022<br>81,758<br>9,183<br>367,117<br>33,559<br>Additions<br>-<br>280<br>1,000<br>13,604<br>Disposals<br>-<br>(1,114)<br>(67,908)<br>-<br>At 31 March 2023<br>81,758<br>8,349<br>300,209<br>47,163<br>**DEPRECIATION**<br>At 1 April 2022<br>22,299<br>3,439<br>212,515<br>26,959<br>Charge for year<br>5,840<br>1,637<br>29,992<br>1,673<br>Eliminated on disposal<br>-<br>(223)<br>(49,710)<br>-<br>At 31 March 2023<br>28,139<br>4,853<br>192,797<br>28,632<br>**NET BOOK VALUE**<br>At 31 March 2023<br>53,619<br>3,496<br>107,412<br>18,531<br>At 31 March 2022<br>59,459<br>5,744<br>154,602<br>6,600<br>**16.**<br>**STOCKS**<br>2023<br>£<br>Stocks<br>9,382<br>**17.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2023<br>£<br>Trade debtors<br>2,957<br>VAT<br>24,237<br>Prepayments and accrued income<br>91,463<br>118,657|Total<br>funds<br>£<br>510,652<br>Totals<br>£<br>491,617<br>14,884<br>(69,022)<br>437,479<br>265,212<br>39,142<br>(49,933)<br>254,421<br>183,058<br>226,405<br>2022<br>£<br>11,634<br>2022<br>£<br>3,804<br>3,528<br>5,704<br>13,036|
|---|---|
|||



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Trade creditors<br>Other creditors<br>Accruals and deferred income|2023<br>£<br>111,852<br>887<br>4,040<br>116,779|2022<br>£<br>4,759<br>678<br>3,850<br>9,287|
|---|---|---|



## **19. LEASING AGREEMENTS** 

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

|Within one year<br>Between one and five years<br>In more than five years|2023<br>£<br>18,420<br>54,930<br>33,919<br>107,269|2022<br>£<br>35,969<br>36,180<br>42,964<br>115,113|
|---|---|---|



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. 

## **20. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>Minibus Operations<br>Car Scheme<br>Shopmobility Scheme<br>Minibus Fund<br>Contingency Fund<br>New Minibus Fund<br>**Restricted funds**<br>Minibus Fund<br>Shopmobility Extension<br>Fleet Scooters<br>Database redevelopment<br>**TOTAL FUNDS**|At 1/4/22<br>£<br>14,248<br>-<br>36,447<br>35,473<br>146,000<br>31,500<br>263,668<br>177,388<br>54,379<br>5,717<br>9,500<br>246,984<br>510,652|Net<br>movement<br>in funds<br>£<br>(6,435)<br>(14,752)<br>19,072<br>(3,286)<br>-<br>-<br>(5,401)<br>31,024<br>(5,438)<br>(1,791)<br>-<br>23,795<br>18,394|Transfers<br>between<br>funds<br>£<br>32,127<br>15,552<br>-<br>(5,250)<br>-<br>(31,500)<br>10,929<br>(10,279)<br>-<br>(650)<br>-<br>(10,929)<br>-|At<br>31/3/23<br>£<br>39,940<br>800<br>55,519<br>26,937<br>146,000<br>-<br>269,196<br>198,133<br>48,941<br>3,276<br>9,500<br>259,850<br>529,046|
|---|---|---|---|---|



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **20. MOVEMENT IN FUNDS - continued** 

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

|**Unrestricted funds**<br>Minibus Operations<br>Car Scheme<br>Shopmobility Scheme<br>Minibus Fund<br>**Restricted funds**<br>Minibus Fund<br>Shopmobility Extension<br>Fleet Scooters<br>Dial a Ride - Daventry Town Council<br>funding<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>156,744<br>57,285<br>142,432<br>-<br>356,461<br>52,279<br>-<br>(240)<br>7,500<br>59,539<br>416,000|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(163,179)<br>(6,435)<br>(72,037)<br>(14,752)<br>(123,360)<br>19,072<br>(3,286)<br>(3,286)<br>(361,862)<br>(5,401)<br>(21,255)<br>31,024<br>(5,438)<br>(5,438)<br>(1,551)<br>(1,791)<br>(7,500)<br>-<br>(35,744)<br>23,795<br>(397,606)<br>18,394|
|---|---|---|



## **Comparatives for movement in funds** 

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



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **20. MOVEMENT IN FUNDS - continued** 

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

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



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 Dial a Ride Fund contains grant funding received from Daventry Town Council for the charity to provide free door to door transport to residents living in the parish of Daventry who are over the age of 65, and who due to limited mobility are not able to access public transport or have transport of their own. 

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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **21. CAPITAL COMMITMENTS** 

|Contracted but not provided for in the financial statements|2023<br>£<br>88,534|2022<br>£<br>-|
|---|---|---|



## **22. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 March 2023 nor the year ended 31 March 2022. 

Page 22 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** 

|**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>Gift aid<br>Grants<br>**Other trading activities**<br>Registrations<br>Wheelchair rental<br>Mobility sales<br>Pitstop sales and labour<br>Shopmobility other income<br>**Investment income**<br>Deposit account interest<br>**Charitable activities**<br>Hire and administration fees<br>Membership fees<br>MIDAS income<br>Fuel<br>**Other income**<br>Profit on sale of assets<br>Other income<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Raising donations and legacies**<br>Wages<br>**Other trading activities**<br>Purchases<br>Pitstop parts/maintenance<br>Wages<br>Social security<br>Rent<br>Carried forward|2023<br>£<br>21,588<br>927<br>147,541<br>170,056<br>-<br>20,310<br>88,251<br>16,277<br>5,751<br>130,589<br>2,248<br>63,597<br>3,575<br>3,475<br>30,752<br>101,399<br>10,038<br>1,670<br>11,708<br>416,000<br>-<br>65,685<br>6,428<br>26,365<br>-<br>3,392<br>101,870|2022<br>£<br>17,108<br>1,503<br>125,336<br>143,947<br>80<br>3,900<br>55,842<br>15,547<br>2,589<br>77,958<br>1,276<br>37,259<br>2,250<br>2,650<br>13,331<br>55,490<br>6,929<br>-<br>6,929<br>285,600<br>1,533<br>36,975<br>5,953<br>25,672<br>1,392<br>2,856<br>72,848|
|---|---|---|



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 2023** 

|**Other trading activities**<br>Brought forward<br>Affiliation fees<br>PDQ charges<br>**Charitable activities**<br>Wages<br>Social security<br>Pensions<br>Rent, rates and water<br>Insurance<br>Fuel<br>Advertising<br>Sundries<br>Training<br>Volunteer expenses<br>Maintenance and cleaning<br>Licences<br>Event fees<br>Depreciation of tangible fixed assets<br>**Support costs**<br> **Management**<br>Wages<br>Postage, stationery & telephone<br>Consultancy fees<br>IT support<br>Depreciation of tangible and heritage<br>assets<br> **Governance costs**<br>Auditors' remuneration<br>Auditors' remuneration for non audit work<br>Total resources expended<br>**Net income/(expenditure)**|2023<br>£<br>101,870<br>245<br>2,627<br>104,742<br>90,973<br>8,751<br>5,607<br>36,310<br>7,123<br>18,101<br>2,479<br>9,512<br>1,690<br>2,622<br>24,362<br>-<br>4,814<br>29,791<br>242,135<br>22,845<br>10,626<br>-<br>2,382<br>9,350<br>45,203<br>1,776<br>3,750<br>5,526<br>397,606<br>18,394|2022<br>£<br>72,848<br>245<br>1,666<br>74,759<br>55,337<br>5,681<br>4,717<br>33,447<br>5,227<br>7,630<br>-<br>6,175<br>705<br>658<br>5,396<br>512<br>-<br>30,574<br>156,059<br>35,376<br>8,568<br>1,608<br>1,932<br>9,872<br>57,356<br>2,215<br>3,748<br>5,963<br>295,670<br>(10,070)|
|---|---|---|



This page does not form part of the statutory financial statements 

Page 24 



**REGISTERED CHARITY NUMBER: 1170448** 

**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

**FOR** 

## **DAVENTRY AREA COMMUNITY TRANSPORT** 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

||**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 2023** 

The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 2023** 

## **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** 

We are pleased to report that our Activities have been carried out within the Charity’s Constitution. 

We at DACT offer transport and mobility services which benefit all of the community. 

This last year was going to be a difficult one, with so many events happening that have affected us all in different ways. 

It is therefore pleasing that we are able to report the continued success of DACT over this period. 

It is good to see that over the year we have made a small surplus which helps us keep a good cash reserves. 

This helps in the provision of: 

1) Community Minibus Scheme operating five fully accessible minibuses serving the local community groups, of children's, youth, elderly, disabled, visually impaired mentally ill, and others.   We gained 18 new groups. This year we have seen an increase in the use of Schools. In all we carried 18,424 people covering 52,250 miles. 

2) Dact Dial- a- ride offers a service on Fridays for the elderly and disabled Daventry residents to come into town for the shops and market. 

3) Dact Days Out - this continues to be very popular taking members for days out to places of interest, which provides social interaction 

4) MiDAS - Minibus Driving scheme - a test for new drivers and for existing drivers have to retake every four years. We not only test our drivers but also drivers form other organisations. 

5) Volunteer Car Scheme - taking qualifying passengers to medical and related appointments This past year has seen us undertake some 14,106 passenger trips. 

6) Shopmobility Scheme - hiring of powered scooters and wheelchairs to those with temporary or permanent disabilities. 

7) DACT Mobility Shop - next to the bus station offers new and refurbished (ex DACT Mobility Repairs) mobility equipment of all kinds. This service helps us fund other of our services that run at a deficit. 

8) DACT Mobility - a service offered from our shop for maintenance and repairs of mobility equipment and recycling/refurbishment of pre-owned equipment for resale. 

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. 

You can see from the accounts that are presented, the costs are broken down so that you can understand the costs attributed to each scheme together with the grant support each receives.  You will see in some areas we make a small loss over the year, but in others a surplus is made. 

Without the support of Grants from our Core funders, West Northamptonshire, Daventry District Council, Nene Commissioning and others, we would have to find another source of funding. Most of these grants have been maintained at the same level as previous years, with cut backs being made everywhere these are much appreciated we would be in trouble in running our services we offer, without these grants and we very grateful for their continued support or consultation. 

Page 2 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** 

The hard work of our staff team of 5, Phil, Martyn, Sharon, Nikki and Matt, who are a wonderful workforce and dedicated team. It has again been a very rewarding year with all of them playing very important rolls , which brings the satisfaction when they see the results of their superb hard work which helps so many in our local community. 

A big thank you to everyone one of our volunteers, which ever area of the work they volunteer in, they keep DACT delivering the services that we offer to our local community it is very much appreciated. We receive many letters, cards and telephone calls thanking us for our services, which is a reflection on all the hard work and dedication, that all of us that work in the office or volunteering. 

In conclusion we are pleased to confirm that DACT appear to have good cash reserves, as we never know what challenges might be around the corner.  With a Replacement Minibus cost at around £100,000 and not knowing how long our grants will be maintained or if they will be reduced. We all know we are in difficult times and organisations are looking at saving money. The Trustees are maintaining a policy of having a contingency fund sufficient to cover a minimum 6 months operational period. They will do everything in their power to avoid leaving ourselves vulnerable as an Organisation, which is relied upon by thousands of people across the Daventry District. 

## **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 £529,046 of which £259,850 was restricted, and £269,196 unrestricted. 

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 £336,604. Of this £218,146 is unrestricted and £118,458 is restricted. 

## **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 £178,970, and the contingency reserve stands at £146,000 as at 31 March 2023. 

Page 3 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** 

## **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 (resigned 10/8/22) D Turton Mrs A Hughes I Sharp (resigned 10/8/22) Mrs P O'Connor B Lattaway (resigned 16/11/22) D Kitchen Mrs P Chauhan (appointed 10/8/22) Mrs J Nash (appointed 10/8/22) Mrs J Heward Shamilt (appointed 10/8/22) R Crowder (appointed 10/8/22) 

## **Auditors** 

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

Page 4 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023** 

## **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). 

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 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

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. 

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 

................................................................. Mrs A Hughes - Trustee 

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 2023 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:~~ 

- ~~give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, for the year then ended;~~ 

- ~~have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and~~ 

- ~~have been prepared in accordance with the requirements of the Charities Act 2011.~~ 

## ~~**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:~~ 

- ~~the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or~~ 

- ~~sufficient accounting records have not been kept; or~~ 

- ~~the financial statements are not in agreement with the accounting records and returns; or~~ 

- ~~we have not received all the information and explanations we require for our audit.~~ 

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: .............................................~~ 

Page 8 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** 

|Unrestricted<br>funds<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>120,555<br>**Charitable activities**<br>5<br>Minibus Operations<br>79,871<br>Car scheme<br>21,528<br>Other trading activities<br>3<br>130,589<br>Investment income<br>4<br>2,248<br>Other income<br>6<br>1,670<br>**Total**<br>356,461<br>**EXPENDITURE ON**<br>Raising funds<br>7<br>104,742<br>**Charitable activities**<br>8<br>Minibus Operations<br>162,964<br>Car scheme<br>72,037<br>Shopmobility Scheme<br>18,833<br>Minibus fund<br>3,286<br>Shopmobility Extension<br>-<br>**Total**<br>361,862<br>**NET INCOME/(EXPENDITURE)**<br>(5,401)<br>**Transfers between funds**<br>20<br>10,929<br>**Net movement in funds**<br>5,528<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>263,668<br>**TOTAL FUNDS CARRIED FORWARD**<br>269,196|Restricted<br>funds<br>£<br>49,501<br>-<br>-<br>-<br>-<br>10,038<br>59,539<br>-<br>7,500<br>-<br>1,551<br>21,255<br>5,438<br>35,744<br>23,795<br>(10,929)<br>12,866<br>246,984<br>259,850|2023<br>Total<br>funds<br>£<br>170,056<br>79,871<br>21,528<br>130,589<br>2,248<br>11,708<br>416,000<br>104,742<br>170,464<br>72,037<br>20,384<br>24,541<br>5,438<br>397,606<br>18,394<br>-<br>18,394<br>510,652<br>529,046|2022<br>Total<br>funds<br>£<br>143,947<br>42,704<br>12,786<br>77,958<br>1,276<br>6,929<br>285,600<br>76,292<br>115,245<br>50,537<br>17,584<br>30,574<br>5,438<br>295,670<br>(10,070)<br>-<br>(10,070)<br>520,722<br>510,652|
|---|---|---|---|



The notes form part of these financial statements 

Page 9 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **STATEMENT OF FINANCIAL POSITION 31 MARCH 2023** 

|Unrestricted<br>funds<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>15<br>41,666<br>**CURRENT ASSETS**<br>Stocks<br>16<br>9,382<br>Debtors<br>17<br>29,773<br>Cash at bank<br>198,565<br>237,720<br>**CREDITORS**<br>Amounts falling due within one year<br>18<br>(10,190)<br>**NET CURRENT ASSETS**<br>227,530<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>269,196<br>**NET ASSETS**<br>269,196<br>**FUNDS**<br>20<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Restricted<br>funds<br>£<br>141,392<br>-<br>88,884<br>136,163<br>225,047<br>(106,589)<br>118,458<br>259,850<br>259,850|2023<br>Total<br>funds<br>£<br>183,058<br>9,382<br>118,657<br>334,728<br>462,767<br>(116,779)<br>345,988<br>529,046<br>529,046<br>269,196<br>259,850<br>529,046|2022<br>Total<br>funds<br>£<br>226,405<br>11,634<br>13,036<br>268,864<br>293,534<br>(9,287)<br>284,247<br>510,652<br>510,652<br>263,668<br>246,984<br>510,652|
|---|---|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 

............................................. A Hughes - Trustee 

............................................. D Kitchen - Trustee 

The notes form part of these financial statements 

Page 10 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** 

## **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. 

Page 11 

continued... 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **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<br>Gift aid<br>Grants|2023<br>£<br>21,588<br>927<br>147,541<br>170,056|2022<br>£<br>17,108<br>1,503<br>125,336<br>143,947|
|---|---|---|



Page 12 

continued... 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **2. DONATIONS AND LEGACIES - continued** 

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

|West Northamptonshire Council<br>NHS<br>Covid-19 Government grants<br>Big Lottery Fund<br>Other grants under £4,000 and anonymous donors<br>Bus Service Operators Grant<br>Constance Travis Trust<br>Northamptonshire Community Foundation<br>Beatrice Laing Trust<br>Garfield Weston Fund<br>Eric Stanton Trust<br>Bernard Sunley Foundation<br>Inman Charity<br>Albert HuntTrust<br>Daventry Town Council<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Registrations<br>Wheelchair rental<br>Mobility sales<br>Pitstop sales and labour<br>Shopmobility other income<br>**4.**<br>**INVESTMENT INCOME**<br>Deposit account interest|2023<br>£<br>72,678<br>14,746<br>-<br>-<br>4,500<br>5,027<br>-<br>5,590<br>5,000<br>7,500<br>5,000<br>10,000<br>5,000<br>5,000<br>7,500<br>147,541<br>2023<br>£<br>-<br>20,310<br>88,251<br>16,277<br>5,751<br>130,589<br>2023<br>£<br>2,248|2022<br>£<br>75,824<br>13,600<br>13,016<br>9,500<br>5,382<br>4,014<br>4,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>125,336<br>2022<br>£<br>80<br>3,900<br>55,842<br>15,547<br>2,589<br>77,958<br>2022<br>£<br>1,276|
|---|---|---|
||||



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **5. INCOME FROM CHARITABLE ACTIVITIES** 

|Activity<br>Hire and administration<br>fees<br>Minibus Operations<br>Membership fees<br>Minibus Operations<br>MIDAS income<br>Minibus Operations<br>Fuel<br>Minibus Operations<br>Hire and administration<br>fees<br>Car scheme<br>**6.**<br>**OTHER INCOME**<br>Profit on sale of assets<br>Other income<br>**7.**<br>**RAISING FUNDS**<br>**Raising donations and legacies**<br>Staff costs<br>**Other trading activities**<br>Purchases<br>Staff costs<br>Rent<br>Affiliation fees<br>Interest payable and similar charges<br>Aggregate amounts|2023<br>£<br>42,069<br>3,575<br>3,475<br>30,752<br>21,528<br>101,399<br>2023<br>£<br>10,038<br>1,670<br>11,708<br>2023<br>£<br>-<br>2023<br>£<br>72,113<br>26,365<br>3,392<br>245<br>2,627<br>104,742<br>104,742||2022<br>£<br>24,473<br>2,250<br>2,650<br>13,331<br>12,786<br>55,490<br>2022<br>£<br>6,929<br>-<br>6,929<br>2022<br>£<br>1,533<br>2022<br>£<br>42,928<br>27,064<br>2,856<br>245<br>1,666<br>74,759<br>76,292|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **8. CHARITABLE ACTIVITIES COSTS** 

|Minibus Operations<br>Car scheme<br>Shopmobility Scheme<br>Minibus fund<br>Shopmobility Extension<br>**9.**<br>**DIRECT COSTS OF CHARITABLE ACTIVITIES**<br>Staff costs<br>Rent, rates and water<br>Insurance<br>Fuel<br>Advertising<br>Sundries<br>Training<br>Volunteer expenses<br>Maintenance and cleaning<br>Licences<br>Event fees<br>Depreciation|Direct<br>Costs (see<br>note 9)<br>£<br>139,415<br>65,987<br>12,192<br>24,541<br>-<br>242,135|Support<br>costs (see<br>note 10)<br>£<br>31,049<br>6,050<br>8,192<br>-<br>5,438<br>50,729<br>2023<br>£<br>105,331<br>36,310<br>7,123<br>18,101<br>2,479<br>9,512<br>1,690<br>2,622<br>24,362<br>-<br>4,814<br>29,791<br>242,135|Totals<br>£<br>170,464<br>72,037<br>20,384<br>24,541<br>5,438<br>292,864<br>2022<br>£<br>65,735<br>33,447<br>5,227<br>7,630<br>-<br>6,175<br>705<br>658<br>5,396<br>512<br>-<br>30,574<br>156,059|
|---|---|---|---|



## **10. SUPPORT COSTS** 

|Governance<br>Management<br>costs<br>£<br>£<br>Minibus Operations<br>28,693<br>2,356<br>Car scheme<br>4,043<br>2,007<br>Shopmobility Scheme<br>7,029<br>1,163<br>Shopmobility Extension<br>5,438<br>-<br>45,203<br>5,526|Totals<br>£<br>31,049<br>6,050<br>8,192<br>5,438<br>50,729|
|---|---|



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **10. SUPPORT COSTS - continued** 

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

|Minibus<br>Operations<br>£<br>Wages<br>22,845<br>Postage, stationery & telephone<br>5,021<br>Consultancy fees<br>-<br>IT support<br>806<br>Depreciation of tangible and heritage<br>assets<br>21<br>Auditors' remuneration<br>743<br>Auditors' remuneration for non audit<br>work<br>1,613<br>31,049<br>Shopmobility<br>Extension<br>£<br>Wages<br>-<br>Postage, stationery & telephone<br>-<br>Consultancy fees<br>-<br>IT support<br>-<br>Depreciation of tangible and heritage<br>assets<br>5,438<br>Auditors' remuneration<br>-<br>Auditors' remuneration for non audit<br>work<br>-<br>5,438<br>**11.**<br>**AUDITORS' REMUNERATION**<br>Fees payable to the charity's auditors for the audit of the charity's<br>financial statements<br>Auditors' remuneration for non audit work|Car<br>Shopmobility<br>scheme<br>Scheme<br>£<br>£<br>-<br>-<br>3,037<br>2,568<br>-<br>-<br>806<br>770<br>200<br>3,691<br>657<br>376<br>1,350<br>787<br>6,050<br>8,192<br>2023<br>2022<br>Total<br>Total<br>activities<br>activities<br>£<br>£<br>22,845<br>35,376<br>10,626<br>8,568<br>-<br>1,608<br>2,382<br>1,932<br>9,350<br>9,872<br>1,776<br>2,215<br>3,750<br>3,748<br>50,729<br>63,319<br>2023<br>2022<br>£<br>£<br>1,776<br>2,215<br>3,750<br>3,748|
|---|---|
|||



## **12. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. 

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## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **13. STAFF COSTS** 

|Wages and salaries<br>Social security costs<br>Other pension costs|2023<br>£<br>140,183<br>8,751<br>5,607<br>154,541|2022<br>£<br>117,918<br>7,073<br>4,717|
|---|---|---|
|||129,708|



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

|Running and administration|2023<br>5|2022<br>4|
|---|---|---|



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

During the year, total remuneration for key management personnel was £79,611 (2022: £73,825). 

## **14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** 

|Unrestricted<br>funds<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>131,301<br>**Charitable activities**<br>Minibus Operations<br>42,704<br>Car scheme<br>12,786<br>Other trading activities<br>77,958<br>Investment income<br>1,276<br>Other income<br>4,007<br>**Total**<br>270,032<br>**EXPENDITURE ON**<br>Raising funds<br>76,292<br>**Charitable activities**<br>Minibus Operations<br>115,245<br>Car scheme<br>50,537<br>Shopmobility Scheme<br>15,810<br>Minibus fund<br>8,663<br>Shopmobility Extension<br>-<br>**Total**<br>266,547<br>**NET INCOME/(EXPENDITURE)**<br>3,485<br>**Transfers between funds**<br>13,616<br>**Net movement in funds**<br>17,101<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>246,567|Restricted<br>funds<br>£<br>12,646<br>-<br>-<br>-<br>-<br>2,922<br>15,568<br>-<br>-<br>-<br>1,774<br>21,911<br>5,438<br>29,123<br>(13,555)<br>(13,616)<br>(27,171)<br>274,155|Total<br>funds<br>£<br>143,947<br>42,704<br>12,786<br>77,958<br>1,276<br>6,929<br>285,600<br>76,292<br>115,245<br>50,537<br>17,584<br>30,574<br>5,438<br>295,670<br>(10,070)<br>-<br>(10,070)<br>520,722|
|---|---|---|



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

|**14.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**<br>Unrestricted<br>Restricted<br>funds<br>funds<br>£<br>£<br>**TOTAL FUNDS CARRIED FORWARD**<br>263,668<br>246,984<br>**15.**<br>**TANGIBLE FIXED ASSETS**<br>Wheelchairs<br>Short<br>and<br>Motor<br>Computer<br>leasehold<br>Scooters<br>vehicles<br>equipment<br>£<br>£<br>£<br>£<br>**COST**<br>At 1 April 2022<br>81,758<br>9,183<br>367,117<br>33,559<br>Additions<br>-<br>280<br>1,000<br>13,604<br>Disposals<br>-<br>(1,114)<br>(67,908)<br>-<br>At 31 March 2023<br>81,758<br>8,349<br>300,209<br>47,163<br>**DEPRECIATION**<br>At 1 April 2022<br>22,299<br>3,439<br>212,515<br>26,959<br>Charge for year<br>5,840<br>1,637<br>29,992<br>1,673<br>Eliminated on disposal<br>-<br>(223)<br>(49,710)<br>-<br>At 31 March 2023<br>28,139<br>4,853<br>192,797<br>28,632<br>**NET BOOK VALUE**<br>At 31 March 2023<br>53,619<br>3,496<br>107,412<br>18,531<br>At 31 March 2022<br>59,459<br>5,744<br>154,602<br>6,600<br>**16.**<br>**STOCKS**<br>2023<br>£<br>Stocks<br>9,382<br>**17.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2023<br>£<br>Trade debtors<br>2,957<br>VAT<br>24,237<br>Prepayments and accrued income<br>91,463<br>118,657|Total<br>funds<br>£<br>510,652<br>Totals<br>£<br>491,617<br>14,884<br>(69,022)<br>437,479<br>265,212<br>39,142<br>(49,933)<br>254,421<br>183,058<br>226,405<br>2022<br>£<br>11,634<br>2022<br>£<br>3,804<br>3,528<br>5,704<br>13,036|
|---|---|
|||



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Trade creditors<br>Other creditors<br>Accruals and deferred income|2023<br>£<br>111,852<br>887<br>4,040<br>116,779|2022<br>£<br>4,759<br>678<br>3,850<br>9,287|
|---|---|---|



## **19. LEASING AGREEMENTS** 

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

|Within one year<br>Between one and five years<br>In more than five years|2023<br>£<br>18,420<br>54,930<br>33,919<br>107,269|2022<br>£<br>35,969<br>36,180<br>42,964<br>115,113|
|---|---|---|



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. 

## **20. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>Minibus Operations<br>Car Scheme<br>Shopmobility Scheme<br>Minibus Fund<br>Contingency Fund<br>New Minibus Fund<br>**Restricted funds**<br>Minibus Fund<br>Shopmobility Extension<br>Fleet Scooters<br>Database redevelopment<br>**TOTAL FUNDS**|At 1/4/22<br>£<br>14,248<br>-<br>36,447<br>35,473<br>146,000<br>31,500<br>263,668<br>177,388<br>54,379<br>5,717<br>9,500<br>246,984<br>510,652|Net<br>movement<br>in funds<br>£<br>(6,435)<br>(14,752)<br>19,072<br>(3,286)<br>-<br>-<br>(5,401)<br>31,024<br>(5,438)<br>(1,791)<br>-<br>23,795<br>18,394|Transfers<br>between<br>funds<br>£<br>32,127<br>15,552<br>-<br>(5,250)<br>-<br>(31,500)<br>10,929<br>(10,279)<br>-<br>(650)<br>-<br>(10,929)<br>-|At<br>31/3/23<br>£<br>39,940<br>800<br>55,519<br>26,937<br>146,000<br>-<br>269,196<br>198,133<br>48,941<br>3,276<br>9,500<br>259,850<br>529,046|
|---|---|---|---|---|



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **20. MOVEMENT IN FUNDS - continued** 

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

|**Unrestricted funds**<br>Minibus Operations<br>Car Scheme<br>Shopmobility Scheme<br>Minibus Fund<br>**Restricted funds**<br>Minibus Fund<br>Shopmobility Extension<br>Fleet Scooters<br>Dial a Ride - Daventry Town Council<br>funding<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>156,744<br>57,285<br>142,432<br>-<br>356,461<br>52,279<br>-<br>(240)<br>7,500<br>59,539<br>416,000|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(163,179)<br>(6,435)<br>(72,037)<br>(14,752)<br>(123,360)<br>19,072<br>(3,286)<br>(3,286)<br>(361,862)<br>(5,401)<br>(21,255)<br>31,024<br>(5,438)<br>(5,438)<br>(1,551)<br>(1,791)<br>(7,500)<br>-<br>(35,744)<br>23,795<br>(397,606)<br>18,394|
|---|---|---|



## **Comparatives for movement in funds** 

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



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**DAVENTRY AREA COMMUNITY TRANSPORT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **20. MOVEMENT IN FUNDS - continued** 

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

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



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 Dial a Ride Fund contains grant funding received from Daventry Town Council for the charity to provide free door to door transport to residents living in the parish of Daventry who are over the age of 65, and who due to limited mobility are not able to access public transport or have transport of their own. 

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**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023** 

## **21. CAPITAL COMMITMENTS** 

|Contracted but not provided for in the financial statements|2023<br>£<br>88,534|2022<br>£<br>-|
|---|---|---|



## **22. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31 March 2023 nor the year ended 31 March 2022. 

Page 22 



**DAVENTRY AREA COMMUNITY TRANSPORT** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** 

|**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>Gift aid<br>Grants<br>**Other trading activities**<br>Registrations<br>Wheelchair rental<br>Mobility sales<br>Pitstop sales and labour<br>Shopmobility other income<br>**Investment income**<br>Deposit account interest<br>**Charitable activities**<br>Hire and administration fees<br>Membership fees<br>MIDAS income<br>Fuel<br>**Other income**<br>Profit on sale of assets<br>Other income<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Raising donations and legacies**<br>Wages<br>**Other trading activities**<br>Purchases<br>Pitstop parts/maintenance<br>Wages<br>Social security<br>Rent<br>Carried forward|2023<br>£<br>21,588<br>927<br>147,541<br>170,056<br>-<br>20,310<br>88,251<br>16,277<br>5,751<br>130,589<br>2,248<br>63,597<br>3,575<br>3,475<br>30,752<br>101,399<br>10,038<br>1,670<br>11,708<br>416,000<br>-<br>65,685<br>6,428<br>26,365<br>-<br>3,392<br>101,870|2022<br>£<br>17,108<br>1,503<br>125,336<br>143,947<br>80<br>3,900<br>55,842<br>15,547<br>2,589<br>77,958<br>1,276<br>37,259<br>2,250<br>2,650<br>13,331<br>55,490<br>6,929<br>-<br>6,929<br>285,600<br>1,533<br>36,975<br>5,953<br>25,672<br>1,392<br>2,856<br>72,848|
|---|---|---|



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 2023** 

|**Other trading activities**<br>Brought forward<br>Affiliation fees<br>PDQ charges<br>**Charitable activities**<br>Wages<br>Social security<br>Pensions<br>Rent, rates and water<br>Insurance<br>Fuel<br>Advertising<br>Sundries<br>Training<br>Volunteer expenses<br>Maintenance and cleaning<br>Licences<br>Event fees<br>Depreciation of tangible fixed assets<br>**Support costs**<br> **Management**<br>Wages<br>Postage, stationery & telephone<br>Consultancy fees<br>IT support<br>Depreciation of tangible and heritage<br>assets<br> **Governance costs**<br>Auditors' remuneration<br>Auditors' remuneration for non audit work<br>Total resources expended<br>**Net income/(expenditure)**|2023<br>£<br>101,870<br>245<br>2,627<br>104,742<br>90,973<br>8,751<br>5,607<br>36,310<br>7,123<br>18,101<br>2,479<br>9,512<br>1,690<br>2,622<br>24,362<br>-<br>4,814<br>29,791<br>242,135<br>22,845<br>10,626<br>-<br>2,382<br>9,350<br>45,203<br>1,776<br>3,750<br>5,526<br>397,606<br>18,394|2022<br>£<br>72,848<br>245<br>1,666<br>74,759<br>55,337<br>5,681<br>4,717<br>33,447<br>5,227<br>7,630<br>-<br>6,175<br>705<br>658<br>5,396<br>512<br>-<br>30,574<br>156,059<br>35,376<br>8,568<br>1,608<br>1,932<br>9,872<br>57,356<br>2,215<br>3,748<br>5,963<br>295,670<br>(10,070)|
|---|---|---|



This page does not form part of the statutory financial statements 

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