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← Daventry Area Community Transport

2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1170448

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DAVENTRY AREA COMMUNITY TRANSPORT

DAVENTRY AREA COMMUNITY TRANSPORT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 23
Detailed Statement of Financial Activities 24 to 25

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 six 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 from 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 2025

OBJECTIVES AND ACTIVITIES

Review of the year

Well, another year has gone by. Last year was our best ever and this year continues the trend. These achievements unfortunately do have a downside in that some of our potential donors think we have sufficient funds and have declined our application for a grant. This could have an adverse effect on coming years if we use our present resources to fund new buses etc.

Our staffing levels (5) have remained stable this year and Phil, Martyn, Shana, Nikki and Deb do a great job in maintaining the day to day running of DACT.

They can of course only do this with the tremendous support of all the volunteers - car drivers, minibus drivers and the volunteers at the Mobility Shop.

These vital services include: Daventry Town Community Bus (Dial a ride) DACT days out Minibus driver training Supporting our affiliated groups with minibus trips Car scheme Shop mobility:- Retail, hiring wheelchairs etc, service and repairs. And of course sourcing and applying for grants.

This year has seen the introduction of our new Mobility Car which enables us to take people to their medically related appointments, who are unable to transfer out of a wheelchair to a car seat. Since the car's introduction in October 2024, we have taken 89 people to their appointments.

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

The accounts show how we have performed over the last financial year. All our services continue to show an increase in use but having stated this we still make a loss on some of these serveries. We also have to take into the depreciation of our assets. Having purchased a New Minibus and mobility car, as soon as these are on the road then the value does reduce on them, but without them the service we offer would suffer.

Again, this last year we are grateful for the grants and donations that we receive. The support of West Northamptonshire Council and others, if for whatever reason we should lose these then we would not be able to run for very long. However, we have lost some grants and others have been reduced. Although the grants and donations are down it still leaves us in a good position.

The fact that we are in this position is thanks to our wonderful workforce who again have done an excellent job, as previously stated we have increased the numbers using our services and this puts extra pressure on our staff who deal with this so well. But we would not be able to run without the excellent support we receive from our volunteers in all our services, which is so much appreciated in the local community. I know speaking to people from other areas of the country how much they would like DACT type services that we give to people in the Daventry area.

We have made a surplus for the year, although down on the previous year we are able to add to our reserves, as we are still in a good financial position.

The Trustees are maintaining a policy of having a contingency fund, which is ring fenced, to cover a minimum of 6 month's operational period. They will also 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.

A thank you to the trustees of DACT who are very supportive of the running of the organisation, as is evident in the attendance and participation at trustee meetings

Chair of Trustees Chair of Finance Committee Pauline O'Connor David Kitchen

Page 2

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

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 £809,830 of which £441,827 was restricted, and £398,003 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 £412,759. Of this £362,439 is unrestricted and £50,320 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 £177,600, and the contingency reserve stands at £177,000 as at 31 March 2025, which is thought to be reasonable.

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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1170448

Page 3

DAVENTRY AREA COMMUNITY TRANSPORT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Principal address The Abbey Market Square Daventry Northamptonshire NN11 4BH

Trustees

A Finch D Turton Mrs P O'Connor D Kitchen Mrs P Chauhan Mrs J Nash Mrs J Heward Shemilt R Crowder (resigned 30/6/24) Mrs J Murray (resigned 31/7/24) G Newman (appointed 14/8/24) Mrs R Binder (appointed 14/8/24)

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 2025

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 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Matters on which we are required to report by exception

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

Page 6

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

Responsibilities of trustees

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

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

Our responsibilities for the audit of the financial statements

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

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

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

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

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

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

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

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

Page 7

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

Use of our report

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

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

Date: 15 August 2025

Page 8

DAVENTRY AREA COMMUNITY TRANSPORT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
144,405
Charitable activities
5
Minibus Operations
102,892
Car scheme
30,348
Other trading activities
3
104,783
Investment income
4
9,948
Other income
6
3,746
Total
396,122
EXPENDITURE ON
Raising funds
7
91,797
Charitable activities
8
Minibus Operations
164,483
Car scheme
54,923
Shopmobility Scheme
17,128
Minibus fund
200
Shopmobility Extension
-
Total
328,531
NET INCOME
67,591
Transfers between funds
20
(349)
Net movement in funds
67,242
RECONCILIATION OF FUNDS
Total funds brought forward
330,761
TOTAL FUNDS CARRIED FORWARD
398,003		 Restricted
funds
£
81,312
-
-
-
-
-
81,312
-
15,889
22,241
1,144
29,901
5,438
74,613
6,699
349
7,048
434,779
441,827		 2025
Total
funds
£
225,717
102,892
30,348
104,783
9,948
3,746
477,434
91,797
180,372
77,164
18,272
30,101
5,438
403,144
74,290
-
74,290
765,540
839,830		 2024
Total
funds
£
310,279
102,696
23,411
108,587
6,818
16,838
568,629
102,499
176,447
63,944
16,118
22,338
5,438
386,784
181,845
-
181,845
583,695
765,540

The notes form part of these financial statements

Page 9

DAVENTRY AREA COMMUNITY TRANSPORT

STATEMENT OF FINANCIAL POSITION 31 MARCH 2025

2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 15 30,589 391,507 422,096 323,634
CURRENT ASSETS
Stocks 16 4,975 - 4,975 7,964
Debtors 17 12,605 22,954 35,559 158,085
Cash at bank 360,068 27,366 387,434 289,458
377,648 50,320 427,968 455,507
CREDITORS
Amounts falling due within one year 18 (10,234) - (10,234) (13,601)
NET CURRENT ASSETS 367,414 50,320 417,734 441,906
TOTAL ASSETS LESS CURRENT
LIABILITIES 398,003 441,827 839,830 765,540
NET ASSETS 398,003 441,827 839,830 765,540
FUNDS 20
Unrestricted funds 398,003 330,761
Restricted funds 441,827 434,779
TOTAL FUNDS 839,830 765,540

The financial statements were approved by the Board of Trustees and authorised for issue on 13[th] August 2025 and were signed on its behalf by:

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 2025

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 2025

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		 2025
£
34,607
1,270
189,840
225,717		 2024
£
37,624
3,632
269,023
310,279

Page 12

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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
Bernard Sunley Foundation
Daventry Town Council
Soroptimist International of Rugby Charitable Trust
Motability
The Wolfson Foundation
Bruce Wake Charitable Trust
NCF Rural Community Needs Fund
3.
OTHER TRADING ACTIVITIES
Wheelchair rental
Mobility sales
Pitstop sales and labour
Shopmobility other income
4.
INVESTMENT INCOME
Deposit account interest		 2025
£
69,555
15,509
-
6,665
-
-
-
-
-
7,500
15,000
22,953
40,858
1,800
10,000
189,840
2025
£
4,936
77,119
15,608
7,120
104,783
2025
£
9,948		 2024
£
72,678
15,417
2,000
5,221
5,000
6,020
5,000
5,000
10,000
7,500
15,000
120,187
-
-
-
269,023
2024
£
6,629
79,560
18,271
4,127
108,587
2024
£
6,818

Page 13

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

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
Bad debts
Interest payable and similar charges		 2025
£
57,871
3,456
6,640
34,925
30,348
133,240
2025
£
-
3,746
3,746
2025
£
56,051
28,335
4,522
-
2,889
91,797		 2024
£
54,076
3,649
6,310
38,661
23,411
126,107
2024
£
14,298
2,540
16,838
2024
£
67,760
27,657
4,522
93
2,467
102,499

8. CHARITABLE ACTIVITIES COSTS

Minibus Operations
Car scheme
Shopmobility Scheme
Minibus fund
Shopmobility Extension		 Direct
Costs (see
note 9)
£
138,649
69,984
11,597
30,101
-
250,331		 Support
costs (see
note 10)
£
41,723
7,180
6,675
-
5,438
61,016		 Totals
£
180,372
77,164
18,272
30,101
5,438
311,347

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DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rent, rates and water
Insurance
Fuel
Advertising
Sundries
Volunteer expenses
Maintenance and cleaning
Event fees
Depreciation		 2025
£
121,892
24,796
8,779
17,164
474
13,951
909
21,091
6,006
35,269
250,331		 2024
£
110,730
24,671
7,970
17,332
-
10,816
5,845
24,758
5,643
22,338
230,103

10. SUPPORT COSTS

SUPPORT COSTS
Governance
Management
costs
£
£
Minibus Operations
37,704
4,019
Car scheme
4,396
2,784
Shopmobility Scheme
5,283
1,392
Shopmobility Extension
5,438
-
52,821
8,195		 Totals
£
41,723
7,180
6,675
5,438
61,016

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

Minibus
Operations
£
Wages
24,662
Postage, stationery & telephone
4,530
IT support
3,850
Depreciation of tangible and heritage
assets
4,662
Auditors' remuneration
893
Auditors' remuneration for non audit
work
3,126
41,723		 Car
Shopmobility
scheme
Scheme
£
£
-
-
2,232
1,663
2,164
1,064
-
2,556
2,285
1,142
499
250
7,180
6,675

Page 15

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DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

10. SUPPORT COSTS - continued

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		 2025
Total
activities
£
24,662
8,425
7,078
12,656
4,320
3,875
61,016
2025
£
4,320
3,875		 2024
Total
activities
£
18,516
10,607
4,358
13,688
4,320
2,693
54,182
2024
£
4,320
2,693

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

13. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Running and administration		 2025
£
158,205
10,556
6,128
174,889

2025
5		 2024
£
142,589
8,610
5,704
156,903
2024
5

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

During the year, total remuneration for key management personnel was £93,484 (2024: £84,442).

Page 16

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DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
134,571
Charitable activities
Minibus Operations
102,696
Car scheme
23,411
Other trading activities
108,587
Investment income
6,818
Other income
2,540
Total
378,623
EXPENDITURE ON
Raising funds
102,499
Charitable activities
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
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		 Total
funds
£
310,279
102,696
23,411
108,587
6,818
16,838
568,629
102,499
176,447
63,944
16,118
22,338
5,438
386,784
181,845
-
181,845
583,695
765,540

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DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

15. TANGIBLE FIXED ASSETS

Wheelchairs
Short
and
Motor
leasehold
Scooters
vehicles
£
£
£
COST
At 1 April 2024
81,758
8,116
416,588
Additions
-
-
146,327
At 31 March 2025
81,758
8,116
562,915
DEPRECIATION
At 1 April 2024
33,979
5,283
162,194
Charge for year
5,840
1,199
35,269
At 31 March 2025
39,819
6,482
197,463
NET BOOK VALUE
At 31 March 2025
41,939
1,634
365,452
At 31 March 2024
47,779
2,833
254,394
16.
STOCKS
Stocks
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments and accrued income		 Computer
equipment
£
53,070
61
53,131
34,442
5,618
40,060
13,071
18,628
2025
£
4,975
2025
£
4,410
-
5,096
26,053
35,559		 Totals
£
559,532
146,388
705,920
235,898
47,926
283,824
422,096
323,634
2024
£
7,964
2024
£
8,695
1,310
24,146
123,934
158,085

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DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors
Accruals and deferred income		 2025
£
2,513
2,321
5,400
10,234		 2024
£
5,627
2,574
5,400
13,601

19. 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		 2025
£
18,420
36,180
15,829
70,429		 2024
£
18,420
45,555
24,874
88,849

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
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Contingency Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
Database redevelopment
Constance Travis Community
Endowment Fund - NCF - laptops
Constance Travis Community
Endowment Fund - NCF - lift repair
Motability Fund
Wheelchair accessible vehicle
TOTAL FUNDS		 At 1/4/24
£
46,718
26,891
76,752
20,400
160,000
330,761
227,714
43,503
2,229
7,125
1,266
3,036
149,906
-
434,779
765,540		 Net
movement
in funds
£
23,657
9,548
34,386
-
-
67,591
(3,494)
(5,438)
(909)
(2,375)
(322)
(759)
(18,679)
38,675
6,699
74,290		 Transfers
between
funds
£
(17,349)
-
-
-
17,000
(349)
-
-
-
-
-
-
-
349
349
-		 At
31/3/25
£
53,026
36,439
111,138
20,400
177,000
398,003
224,220
38,065
1,320
4,750
944
2,277
131,227
39,024
441,827
839,830

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DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
Database redevelopment
Dial a Ride - Daventry Town Council
funding
Constance Travis Community
Endowment Fund - NCF - laptops
Constance Travis Community
Endowment Fund - NCF - lift repair
Motability Fund
Wheelchair accessible vehicle
TOTAL FUNDS		 Incoming
resources
£
166,584
86,912
142,626
396,122
10,000
-
-
-
7,500
-
-
22,953
40,859
81,312
477,434		 Resources
Movement
expended
in funds
£
£
(142,927)
23,657
(77,364)
9,548
(108,240)
34,386
(328,531)
67,591
(13,494)
(3,494)
(5,438)
(5,438)
(909)
(909)
(2,375)
(2,375)
(7,500)
-
(322)
(322)
(759)
(759)
(41,632)
(18,679)
(2,184)
38,675
(74,613)
6,699
(403,144)
74,290

Page 20

continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Contingency Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
Database redevelopment
Constance Travis Community
Endowment Fund - NCF - laptops
Constance Travis Community
Endowment Fund - NCF - lift repair
Motability Fund
TOTAL FUNDS		 At 1/4/23
£
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		 Net
movement
in funds
£
6,217
26,091
21,233
(6,537)
-
47,004
43,379
(5,438)
(1,047)
(2,375)
1,523
3,542
95,257
134,841
181,845		 Transfers
between
funds
£
561
-
-
-
14,000
14,561
(13,798)
-
-
-
(257)
(506)
-
(14,561)
-		 At
31/3/24
£
46,718
26,891
76,752
20,400
160,000
330,761
227,714
43,503
2,229
7,125
1,266
3,036
149,906
434,779
765,540

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continued...

DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
Minibus Operations
Car Scheme
Shopmobility Scheme
Minibus Fund
Restricted funds
Minibus Fund
Shopmobility Extension
Fleet Scooters
Database redevelopment
Dial a Ride - Daventry Town Council
funding
Constance Travis Community
Endowment Fund - NCF - laptops
Constance Travis Community
Endowment Fund - NCF - lift repair
Motability Fund
TOTAL FUNDS		 Incoming
resources
£
174,330
68,486
135,807
-
378,623
55,799
-
500
-
7,500
1,544
4,476
120,187
190,006
568,629		 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

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 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.

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DAVENTRY AREA COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

20. MOVEMENT IN FUNDS - continued

The wheelchair accessible car fund funded a brand new wheelchair accessible car, to support us getting passengers to their medical appointments who are unable to transfer from a wheelchair to a car seat, this vehicle will enable us to help those passengers as well. The second purpose for the new vehicle is to help those who rely on mobility equipment such as scooters and wheelchairs to be able to have them picked up and dropped off for repair when they breakdown. Most people using such mobility equipment would be unable to get them in to us for repair, either because of their mobility needs or their rural isolation.

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 wheelchair accessible car fund covers the overspend in relation to what was granted, transferred from general funds to cover the cost of the car.

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025 nor the year ended 31 March 2024.

Page 23

DAVENTRY AREA COMMUNITY TRANSPORT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

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
Bad debts
PDQ charges
Charitable activities
Wages
Carried forward		 2025
£
34,607
1,270
189,840
225,717
4,936
77,119
15,608
7,120
104,783
9,948
88,219
3,456
6,640
34,925
133,240
-
3,746
3,746
477,434
47,801
8,250
28,335
4,522
-
2,889
91,797
105,208
105,208		 2024
£
37,624
3,632
269,023
310,279
6,629
79,560
18,271
4,127
108,587
6,818
77,487
3,649
6,310
38,661
126,107
14,298
2,540
16,838
568,629
60,126
7,634
27,657
4,522
93
2,467
102,499
96,416
96,416

This page does not form part of the statutory financial statements

Page 24

DAVENTRY AREA COMMUNITY TRANSPORT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Charitable activities
Brought forward
Social security
Pensions
Rent, rates and water
Insurance
Fuel
Advertising
Sundries
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		 2025
£
105,208
10,556
6,128
24,796
8,779
17,164
474
13,951
909
21,091
6,006
35,269
250,331
24,662
8,425
7,078
12,656
52,821
4,320
3,875
8,195
403,144
74,290		 2024
£
96,416
8,610
5,704
24,671
7,970
17,332
-
10,816
5,845
24,758
5,643
22,338
230,103
18,516
10,607
4,358
13,688
47,169
4,320
2,693
7,013
386,784
181,845

This page does not form part of the statutory financial statements

Page 25