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← Daventry Area Community Transport

2024-03-31-accounts

REGISTERED CHARITY NUMBER: 1170448

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAVENTRY AREA COMMUNITY TRANSPORT

DAVENTRY AREA COMMUNITY TRANSPORT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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
Statement of Cash Flows 11
Notes to the Statement of Cash Flows 12
Notes to the Financial Statements 13 to 24
Detailed Statement of Financial Activities 25 to 26

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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).

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.

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

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.

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

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.

Page 1

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Review of the business

This being my first year as Chairman of the DACT Finance Committee I am 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.

It is pleasing that I am able to report the continued success of DACT over this period, and it is encouraging to see that over the year we have made a surplus which helps us keep a good cash reserves.

Without the support of Grants from our Core funders, West Northamptonshire Council, Daventry Town Council, Nene Commissioning and others, we would have to find alternative sources. Most of these grants have been maintained at the same level as previous years, with cut backs being made everywhere these are much appreciated.

The hard work of our staff team of 5, Phil, Martyn, Deb, Nikki and Shana, 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. Thanks must also go to Matt and Sharon who contributed to the year before moving on to pastures new.

A big thank you to everyone one of our volunteers, which ever part of the work you volunteer in, you keep DACT delivering the services that we offer to our local community it is so 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 do.

In conclusion I am pleased to confirm that DACT appear to have a good cash reserves which are a designated fund, as we never know what is around the corner. With a replacement cost for a new Minibus at over a £100,000 including VAT, the financial demands are always a challenge. We know that Daventry Town Council have agreed to continue with the same level of grant funding for the Dial a Ride Service, and WNC and NHS funding has also been agreed to continue into 2024/25. We all know that current financial times are challenging and organisations like DACT, are continually looking at saving money where we can.

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 passengers and others in our District.

David Kitchen

(Chair, DACT Finance Committee)

Page 2

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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 £765,540 of which £434,779 was restricted, and £330,761 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 £441,905. Of this £297,180 is unrestricted and £144,725 is restricted.

Reserves policy

The Charity's reserve policy is to aim to hold 6 months unrestricted 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 £160,854, and the contingency reserve stands at £160,000 as at 31 March 2024.

FUTURE PLANS

The future aims of the charity are to continue to provide the services that are currently being provided, and to continue to meet the needs of the users of the charity.

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.

Key management personnel remuneration is set by the Trustees using data from the benchmarking of similar sized charities with personnel holding comparable responsibilities, this is reviewed annually by the Trustees.

Organisational structure

The organisational structure is outlined by the charity defining the duties and powers of the Board of Trustees, and staff. This outlines appropriately approved delegated powers and authorisation available to the Chief Executive with regards to company day to day finance, personnel and associated processes.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Page 3

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1170448

Principal address The Abbey Market Square Daventry Northamptonshire NN11 4BH

Trustees

A Finch D Turton Mrs A Hughes (resigned August 2023) Mrs P O'Connor D Kitchen Mrs P Chauhan Mrs J Nash Mrs J Heward Shamilt R Crowder (resigned June 2024) Mrs J Murray (appointed 16/8/23, resigned July 24)

Auditors

Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

STATEMENT OF TRUSTEES' RESPONSIBILITIES

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

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

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

Page 4

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Approved by order of the board of trustees on 14[th] August 2024 and signed on its behalf by:

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 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Matters on which we are required to report by exception

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

Page 6

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

Responsibilities of trustees

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

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

Our responsibilities for the audit of the financial statements

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

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

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

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

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

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

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

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

Page 7

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

Use of our report

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

Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Date: 23 August 2024

Page 8

DAVENTRY AREA COMMUNITY TRANSPORT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
134,571
Charitable activities
5
Minibus Operations
102,696
Car scheme
23,411
Other trading activities
3
108,587
Investment income
4
6,818
Other income
6
2,540
Total
378,623
EXPENDITURE ON
Raising funds
7
102,499
Charitable activities
8
Minibus Operations
166,551
Car scheme
42,395
Shopmobility Scheme
13,637
Minibus fund
6,537
Shopmobility Extension
-
Total
331,619
NET INCOME
47,004
Transfers between funds
21
14,561
Net movement in funds
61,565
RECONCILIATION OF FUNDS
Total funds brought forward
269,196
TOTAL FUNDS CARRIED FORWARD
330,761		 Restricted
funds
£
175,708
-
-
-
-
14,298
190,006
-
9,896
21,549
2,481
15,801
5,438
55,165
134,841
(14,561)
120,280
314,499
434,779		 2024
2023
Total
Total
funds
funds
as restated
£
£
310,279
224,705
102,696
79,871
23,411
21,528
108,587
130,589
6,818
2,248
16,838
11,708
568,629
470,649
102,499
104,742
176,447
170,464
63,944
72,037
16,118
20,384
22,338
24,541
5,438
5,438
386,784
397,606
181,845
73,043
-
-
181,845
73,043
583,695
510,652
765,540
583,695

The notes form part of these financial statements

Page 9

DAVENTRY AREA COMMUNITY TRANSPORT

STATEMENT OF FINANCIAL POSITION 31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 16 33,581 290,054 323,635 183,058
CURRENT ASSETS
Stocks 17 7,964 - 7,964 9,382
Debtors 18 13,861 144,223 158,084 173,310
Cash at bank 288,956 502 289,458 334,728
310,781 144,725 455,506 517,420
CREDITORS
Amounts falling due within one year 19 (13,601) - (13,601) (116,783)
NET CURRENT ASSETS 297,180 144,725 441,905 400,637
TOTAL ASSETS LESS CURRENT
LIABILITIES 330,761 434,779 765,540 583,695
NET ASSETS 330,761 434,779 765,540 583,695
FUNDS 21
Unrestricted funds 330,761 269,196
Restricted funds 434,779 314,499
TOTAL FUNDS 765,540 583,695

The financial statements were approved by the Board of Trustees and authorised for issue on 14[th] August 2024 and were signed on its behalf by:

The notes form part of these financial statements

Page 10

DAVENTRY AREA COMMUNITY TRANSPORT

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2024
2023
as restated
£
£
112,683
52,000
(2,467)
(2,627)
110,216
49,373
(194,804)
(14,884)
32,500
29,127
6,818
2,248
(155,486)
16,491
(45,270)
65,864
334,728
268,864
289,458
334,728

The notes form part of these financial statements

Page 11

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Interest paid
Decrease in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 2024
2023
as restated
£
£
181,845
73,043
36,026
39,141
(14,298)
(10,038)
(6,818)
(2,248)
2,467
2,627
1,418
2,252
15,226
(160,275)
(103,183)
107,498
112,683
52,000

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/23 Cash flow At 31/3/24
£ £ £
Net cash
Cash at bank 334,728 (45,270) 289,458
334,728 (45,270) 289,458
Total 334,728 (45,270) 289,458

The notes form part of these financial statements

Page 12

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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 13

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

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

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

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

Financial instruments

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

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

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

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

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants		 2024
2023
as restated
£
£
37,624
21,588
3,632
927
269,023
202,190
310,279
224,705

Page 14

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2. DONATIONS AND LEGACIES - continued

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

West Northamptonshire Council
NHS
Other grants under £4,000 and anonymous donors
Bus Service Operators Grant
Maud Elkington Trust
Constance Travis Community Endowment Fund - NCF
Beatrice Laing Trust
Garfield Weston Fund
Eric Stanton Trust
Bernard Sunley Foundation
Inman Charity
Albert HuntTrust
Daventry Town Council
Soroptimist International of Rugby Charitable Trust
Motability
3.
OTHER TRADING ACTIVITIES
Wheelchair rental
Mobility sales
Pitstop sales and labour
Shopmobility other income
4.
INVESTMENT INCOME
Deposit account interest		 2024
2023
as restated
£
£
72,678
72,678
15,417
14,746
2,000
4,500
5,221
5,027
5,000
-
6,020
5,590
5,000
5,000
5,000
7,500
-
5,000
10,000
10,000
-
5,000
-
5,000
7,500
7,500
15,000
-
120,187
54,649
269,023
202,190
2024
2023
as restated
£
£
6,629
20,310
79,560
88,251
18,271
16,277
4,127
5,751
108,587
130,589
2024
2023
as restated
£
£
6,818
2,248

Page 15

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

5. INCOME FROM CHARITABLE ACTIVITIES

Activity
Hire and administration
fees
Minibus Operations
Membership fees
Minibus Operations
MIDAS income
Minibus Operations
Fuel
Minibus Operations
Hire and administration
fees
Car scheme
6.
OTHER INCOME
Profit on sale of assets
Other income
7.
RAISING FUNDS
Other trading activities
Purchases
Staff costs
Rent
Affiliation fees
Bad debts
Interest payable and similar charges		 2024
2023
as restated
£
£
54,076
42,069
3,649
3,575
6,310
3,475
38,661
30,752
23,411
21,528
126,107
101,399
2024
2023
as restated
£
£
14,298
10,038
2,540
1,670
16,838
11,708
2024
2023
as restated
£
£
67,760
72,113
27,657
26,365
4,522
3,392
-
245
93
-
2,467
2,627
102,499
104,742

Page 16

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

8. CHARITABLE ACTIVITIES COSTS

Minibus Operations
Car scheme
Shopmobility Scheme
Minibus fund
Shopmobility Extension
9.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rent, rates and water
Insurance
Fuel
Advertising
Sundries
Training
Volunteer expenses
Maintenance and cleaning
Event fees
Depreciation		 Direct
Costs (see
note 9)
£
143,104
56,879
7,782
22,338
-
230,103		 Support
costs (see
note 10)
Totals
£
£
33,343
176,447
7,065
63,944
8,336
16,118
-
22,338
5,438
5,438
54,182
284,285
2024
2023
as restated
£
£
110,730
105,331
24,671
36,310
7,970
7,123
17,332
18,101
-
2,479
10,816
9,512
-
1,690
5,845
2,622
24,758
24,362
5,643
4,814
22,338
29,791
230,103
242,135

10. SUPPORT COSTS

Governance
Management
costs
£
£
Minibus Operations
30,538
2,805
Car scheme
4,260
2,805
Shopmobility Scheme
6,933
1,403
Shopmobility Extension
5,438
-
47,169
7,013		 Totals
£
33,343
7,065
8,336
5,438
54,182

Page 17

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

10. SUPPORT COSTS - continued

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

Minibus
Operations
£
Wages
18,516
Postage, stationery & telephone
6,060
IT support
2,125
Depreciation of tangible and heritage
assets
3,837
Auditors' remuneration
1,728
Auditors' remuneration for non audit
work
1,077
33,343
Shopmobility
Extension
£
Wages
-
Postage, stationery & telephone
-
IT support
-
Depreciation of tangible and heritage
assets
5,438
Auditors' remuneration
-
Auditors' remuneration for non audit
work
-
5,438
11.
AUDITORS' REMUNERATION
Fees payable to the charity's auditors for the audit of the charity's
financial statements
Auditors' remuneration for non audit work		 Car
Shopmobility
scheme
Scheme
£
£
-
-
2,645
1,902
1,415
818
200
4,213
1,728
864
1,077
539
7,065
8,336
2024
2023
as restated
Total
Total
activities
activities
£
£
18,516
22,845
10,607
10,626
4,358
2,382
13,688
9,350
4,320
1,776
2,693
3,750
54,182
50,729
2024
2023
as restated
£
£
4,320
1,776
2,693
3,750

Page 18

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
2023
as restated
£
£
142,589
140,183
8,610
8,751
5,704
5,607
156,903
154,541

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

Running and administration 2024
2023
as restated
5
5

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

During the year, total remuneration for key management personnel was £84,442 (2023: £79,611).

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
120,555
Charitable activities
Minibus Operations
79,871
Car scheme
21,528
Other trading activities
130,589
Investment income
2,248
Other income
1,670
Total
356,461
EXPENDITURE ON
Raising funds
104,742
Charitable activities
Minibus Operations
162,964		 Restricted
Total
funds
funds
as restated
£
£
104,150
224,705
-
79,871
-
21,528
-
130,589
-
2,248
10,038
11,708
114,188
470,649
-
104,742
7,500
170,464

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continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
funds
£
Car scheme
72,037
Shopmobility Scheme
18,833
Minibus fund
3,286
Shopmobility Extension
-
Total
361,862
NET INCOME/(EXPENDITURE)
(5,401)
Transfers between funds
10,929
Net movement in funds
5,528
RECONCILIATION OF FUNDS
Total funds brought forward
263,668
TOTAL FUNDS CARRIED FORWARD
269,196		 Restricted
Total
funds
funds
as restated
£
£
-
72,037
1,551
20,384
21,255
24,541
5,438
5,438
35,744
397,606
78,444
73,043
(10,929)
-
67,515
73,043
246,984
510,652
314,499
583,695		 Restricted
Total
funds
funds
as restated
£
£
-
72,037
1,551
20,384
21,255
24,541
5,438
5,438
35,744
397,606
78,444
73,043
(10,929)
-
67,515
73,043
246,984
510,652
314,499
583,695
397,606
73,043
-
73,043
510,652
583,695

15. PRIOR YEAR ADJUSTMENT

The funds brought forwards as at 1 April 2023 have been adjusted by £54,649 to account for previously unrecognised income, that should have been accounted for in the prior year, but was not included in the the financial statements. The prior year income, net surplus and restricted funds carried forwards have been adjusted by this amount to take account of the grant that was not previously included, but was due to the charity at the year end.

16. TANGIBLE FIXED ASSETS

COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposal
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Wheelchairs
Short
and
leasehold
Scooters
£
£
81,758
8,349
-
1,175
-
(1,408)
81,758
8,116
28,139
4,853
5,840
1,838
-
(1,408)
33,979
5,283
47,779
2,833
53,619
3,496		 Motor
vehicles
£
300,209
187,722
(71,342)
416,589
192,797
22,537
(53,140)
162,194
254,395
107,412		 Computer
equipment
£
47,163
5,907
-
53,070
28,632
5,810
-
34,442
18,628
18,531		 Totals
£
437,479
194,804
(72,750)
559,533
254,421
36,025
(54,548)
235,898
323,635
183,058

Page 20

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

17.
STOCKS
Stocks
18.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments and accrued income
19.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accruals and deferred income		 2024
2023
as restated
£
£
7,964
9,382
2024
2023
as restated
£
£
8,695
2,957
1,310
-
24,146
24,237
123,933
146,116
158,084
173,310
2024
2023
as restated
£
£
5,627
111,856
2,574
887
5,400
4,040
13,601
116,783

20. LEASING AGREEMENTS

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

Within one year
Between one and five years
In more than five years		 2024
2023
as restated
£
£
18,420
18,420
45,555
54,930
24,874
33,919
88,849
107,269

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.

Page 21

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

21. MOVEMENT IN FUNDS

Net
movement
At 1/4/23
in funds
£
£
Unrestricted funds
Minibus Operations
39,940
6,217
Car Scheme
800
26,091
Shopmobility Scheme
55,519
21,233
Minibus Fund
26,937
(6,537)
Contingency Fund
146,000
-
269,196
47,004
Restricted funds
Minibus Fund
198,133
43,379
Shopmobility Extension
48,941
(5,438)
Fleet Scooters
3,276
(1,047)
Database redevelopment
9,500
(2,375)
Constance Travis Community
Endowment Fund - NCF - laptops
-
1,523
Constance Travis Community
Endowment Fund - NCF - lift repair
-
3,542
Motability Fund
54,649
95,257
314,499
134,841
TOTAL FUNDS
583,695
181,845
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Minibus Operations
174,330
Car Scheme
68,486
Shopmobility Scheme
135,807
Minibus Fund
-
378,623
Restricted funds
Minibus Fund
55,799
Shopmobility Extension
-
Fleet Scooters
500
Database redevelopment
-
Dial a Ride - Daventry Town Council
funding
7,500
Constance Travis Community
Endowment Fund - NCF - laptops
1,544
Constance Travis Community
Endowment Fund - NCF - lift repair
4,476
Motability Fund
120,187
190,006
TOTAL FUNDS
568,629		 Transfers
between
At
funds
31/3/24
£
£
561
46,718
-
26,891
-
76,752
-
20,400
14,000
160,000
14,561
330,761
(13,798)
227,714
-
43,503
-
2,229
-
7,125
(257)
1,266
(506)
3,036
-
149,906
(14,561)
434,779
-
765,540
Resources
Movement
expended
in funds
£
£
(168,113)
6,217
(42,395)
26,091
(114,574)
21,233
(6,537)
(6,537)
(331,619)
47,004
(12,420)
43,379
(5,438)
(5,438)
(1,547)
(1,047)
(2,375)
(2,375)
(7,500)
-
(21)
1,523
(934)
3,542
(24,930)
95,257
(55,165)
134,841
(386,784)
181,845

Page 22

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Contingency Fund
New Minibus Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
Database redevelopment
Motability Fund
TOTAL FUNDS		 At 1/4/22
£
14,248
-
36,447
35,473
146,000
31,500
263,668
177,388
54,379
5,717
9,500
-
246,984
510,652		 Net
movement
in funds
£
(6,435)
(14,752)
19,072
(3,286)
-
-
(5,401)
31,024
(5,438)
(1,791)
-
54,649
78,444
73,043		 Transfers
between
funds
£
32,127
15,552
-
(5,250)
-
(31,500)
10,929
(10,279)
-
(650)
-
-
(10,929)
-		 At
31/3/23
£
39,940
800
55,519
26,937
146,000
-
269,196
198,133
48,941
3,276
9,500
54,649
314,499
583,695

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

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
Dial a Ride - Daventry Town Council
funding
Motability Fund
TOTAL FUNDS		 Incoming
resources
£
156,744
57,285
142,432
-
356,461
52,279
-
(240)
7,500
54,649
114,188
470,649		 Resources
Movement
expended
in funds
£
£
(163,179)
(6,435)
(72,037)
(14,752)
(123,360)
19,072
(3,286)
(3,286)
(361,862)
(5,401)
(21,255)
31,024
(5,438)
(5,438)
(1,551)
(1,791)
(7,500)
-
-
54,649
(35,744)
78,444
(397,606)
73,043

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

Page 23

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

21. MOVEMENT IN FUNDS - continued

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 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.

The Motability Fund represents funds received from Motability to fund 2 new minibuses as well as the car scheme activities.

Transfers between funds

The transfers in funds on the NCF grants are for the underspend on the amounts received, that have been agreed can be spent on other operations within the charity.

The transfer on the Minibus Fund relates to the profit on sale of a minibus, that has been sold in the year and the profits can be transferred to general operations to be used within the charity.

22. CAPITAL COMMITMENTS

Contracted but not provided for in the financial statements 2024
2023
as restated
£
£
-
88,534

23. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024 nor the year ended 31 March 2023.

Page 24

DAVENTRY AREA COMMUNITY TRANSPORT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Other trading activities
Wheelchair rental
Mobility sales
Pitstop sales and labour
Shopmobility other income
Investment income
Deposit account interest
Charitable activities
Hire and administration fees
Membership fees
MIDAS income
Fuel
Other income
Profit on sale of assets
Other income
Total incoming resources
EXPENDITURE
Other trading activities
Purchases
Pitstop parts/maintenance
Wages
Rent
Affiliation fees
Bad debts
PDQ charges		 2024
2023
as restated
£
£
37,624
21,588
3,632
927
269,023
202,190
310,279
224,705
6,629
20,310
79,560
88,251
18,271
16,277
4,127
5,751
108,587
130,589
6,818
2,248
77,487
63,597
3,649
3,575
6,310
3,475
38,661
30,752
126,107
101,399
14,298
10,038
2,540
1,670
16,838
11,708
568,629
470,649
60,126
65,685
7,634
6,428
27,657
26,365
4,522
3,392
-
245
93
-
2,467
2,627
102,499
104,742

This page does not form part of the statutory financial statements

Page 25

DAVENTRY AREA COMMUNITY TRANSPORT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Other trading activities
Charitable activities
Wages
Social security
Pensions
Rent, rates and water
Insurance
Fuel
Advertising
Sundries
Training
Volunteer expenses
Maintenance and cleaning
Event fees
Depreciation of tangible fixed assets
Support costs
Management
Wages
Postage, stationery & telephone
IT support
Depreciation of tangible and heritage
assets
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Total resources expended
Net income		 2024
2023
as restated
£
£
96,416
90,973
8,610
8,751
5,704
5,607
24,671
36,310
7,970
7,123
17,332
18,101
-
2,479
10,816
9,512
-
1,690
5,845
2,622
24,758
24,362
5,643
4,814
22,338
29,791
230,103
242,135
18,516
22,845
10,607
10,626
4,358
2,382
13,688
9,350
47,169
45,203
4,320
1,776
2,693
3,750
7,013
5,526
386,784
397,606
181,845
73,043

This page does not form part of the statutory financial statements

Page 26