BISHOP'S STORTFORD COMMUNITY TRANSPORT CIO ACCOUNTS YEAR ENDING 31st MARCH 2022 REGISTEREDCHAWTY NO. 11m34
Bishop's Stortford Community Transport CIO Trustees Annual Report for tho Year Endlng 31" March 2022 Reference and Admlnl$tratlon Dgtalls Charity Name Bishop's Slortford Community Transport CIO Charity Number 1172934 Charity Address The Oks Monastery, ndhill, Bishop's Slortford. Herts, CM23 2ND The Trustees managitYJ the charty were 85 follows" Cllr J Barfoot Cllr P Dernonli IResigned 161 May 2021) Mr C Gauld-clark Cllr R Gilbert (Reslgned 3rd May 20221 Prof G Goldspink Mr C Richardson Mr K Wood Structur•, Governance and Managemgnt The Bishop's Stortford Community Centres CIO is govemed by a Constf(ulion of a Charitable Incorporated Org8ni$ation whose only voting members are its charity trustees and the trustees are appointed as follows.. il Beeen five and seven Irustoes appolnlgd by charity trustees ill Between zero and two tnJstees nominated by Bishop'$ Slortford Town Counal The Trustees administer the charity and meet quartedy. Objects and Activltl•$ The Obj (Jf the CIO are to Fffovide transport facilitias for the residents of Bishop's Stortford and the surrounding area for people who have speual need of such facllilies because they are elderly. poor OT disabled, people wf(h young childron or those living in isolated areas wherg tharg are no adequate public transport fa10$. Achl•v•m•nts and perfoan¢• This is detailed in the attached rèport by the ChaiThan of the CIO. Flnanclal Review Bishop'$ Slortford Communty Transport CIO maintains its reserves belween an Instsnt access savings account and a notice account in order lo fund its day to day operation and maximise interest recewed. No fvnds are in deficit. Page2of5
IndoPond•nt Examlnorn Report to tho Trusteos of Bl8hop'$ PAortford Cornmunlty Transport CIO l report on the accounts of the CIO ICh8rlty No. 1172934) for the year endlng 31st Mard) 2022. whth are set out on pag•$ 4 and 5. RMpKtlv• rnswNilxlltiw of TnMt•• and Examin•r Tho ChariV$ tvuslees are re5pon$lbJe for.the PTeparn ofthe ac¢ounts. The Charfty's tru81ee8 consr that an audit 1$ not 1gquir8d for this year undèr sa¢tion 144 of th8 CharlUe$ Act 2011 (the Chaiilies Acll and that an Inaependenl 8XAmination Is needed. It Li my ffjsponsibdty to.. examine the accounts under sedon 145 ofthe chare$ Ad. to follow the procedures laid down in the general Directiorts given by the Charity Comml88)n (under se¢tion 14515llb) of the Charities Act and lo state vkneth¢r p8Cular mattsr¥ have Crne to my attenlion. 8a¥l• of Ind•p•Dd•nt Ex•mln•rn R•port My examinali¢)n was ¢at¢ied out in &Cra3ce wllh the Gerral Directions glven by the Charity Commission. examinatKJn include8 a review of the accounting rerdS kept by th& Charity and a comparf8on of the accounts present with those records. 11 also includes consideralp)n of any unusual items or disck)sure$ in the aCCnts, and seeki explanallons from you as Truste concemlng any 8u¢h matter8. The procedures undertaken do not provkle all the evKJence that %Uld be required Tn an audit, and ¢on$equ&ntly no opSnic•n 48 given as to whether the 8ccounts PTesent a Irue and fairf eW and the report is limited lo those mottws 8et out in th• ststement below. Indopgnd•nt Ex•mln•rs Stat•mont In conne¢Oon wrth my examination. no matsrial matters have rne to my attentlon 1¢h glve8 me raus¢ to bolw8 that in. any matsrial fespecl.. a¢¢ounting r•cords w&r• not bpt ni a¢¢ordan¢e with section 130 of the Charittes knl c tho nts Ijo not a¢¢oTd wlth ts a¢¢ounting I havo ¢om& a¢ros$ no olhw matt•rs rn order to enable a proper understanding rLectK)n wth the examination to altenllon 8hould be drwn in unts to be reached. Sned Print Namè Stuart W J Wlbur Address 10 Downland Road Calne Immshire SN11 OET Page3ofS
Blshop's Stortford Communlty Transport CIO Receipts and Payments For the Yoar Ending 31sl March 2022 2022 2021 Restricted Unrgstricted Total FuThls Total Funds Fund Fund R•colpts VAT Recelpts Minibus Letting5 Fares Revenue Grants Received Miscellaneous Income Reirnbursed Expgnsas Interast Received Appeals & Donations 7,362 9.252 7.362 9,252 38.974 27.257 417 3,695 108 22,478 5,634 1,620 34,592 28,907 36,974 27,087 278 3.367 170 139 328 3.048 479 27.206 22,478 Total ReIptS 17,253 109,543 Payments VAT Payments Wages Employers Penslon Stsff Expenses staff CaleringlHospitality Insur8n¢g Equipment Vehicle Maintenan¢g Costs Vehicle Replacgment Fuel and Oil Road Fund Llcence Vehicle Insurance Printing & Stationary Marketing Subscripllons Bank Charges AccounlinglAdmlnistration Professional Fees Other Supplies & Services Cost Reallocations 9,548 94 9,548 31,853 221 225 25 5,286 30,618 284 21 54 499 579 9.983 31,759 221 225 25 691 19,027 14,995 6,665 291 4089 136 38 92 192 11,518 59 4,547 564 59 3,890 750 22,917 14,995 8,325 436 6,341 200 38 175 196 11.753 60 4,547 1.660 145 2.252 64 5,836 770 5,640 26 145 180 11,753 368 150 278 83 235 Totsl Payments 95,109 18,060 113.169 72,470 Net Rec•iptsllPaym•ntsl {2.8191 18071 13,6261 29.016 Transfer Betwean Funds 1,667 11,6671 Cash Funds from Last Year End 98,720 5.040 103,760 74.744 Cash Funds thls Year End 100,134 103,760 Page4of5
Blshop'$ Stortford Community Transport CIO ststement of Assets and LiabilitiOS For the Year Endlng 31st March 2022 2022 2021 Restricted L*nrestricled Totsl FU1$ Total Funds Fun¢J FUNI Cash Funds Lloyds Current Account Lloyds Call Account HT8 Noti Account Float 2,566 10.100 39,474 50,520 40 12.823 40.445 50.452 40 39,474 50,520 97.S68 2.566 11x1,134 103,760 other Monetary Assets Monles Due to Charity al 31103 5,000 3.703 8,703 1.294 Llabllltl•s Mcnles Owed by Charity al 31103 2,108 2,713 1,292 Investment Assets None Approved for and on Behalf of Bi$hop'$ Stortford CommLFnity Transport CIO on beha of all the TTusle8S Signed Dated li Print Name Slgned Dated Print Name P8ge5of5
Bishop’s Stortford Community Transport CIO Chairman’s Report October 2022
Let me begin this Chairman’s Report with thanks. Firstly, my thanks to all the staff and Trustees who give their very best to the CIO which provides such a great service to the people of Bishop’s Stortford. Secondly, I would like to thank Ralph Gilbert, for many years of outstanding service as a Trustee who has had to resign his position due to failing health: Thank you, Ralph, we will need to search hard for a new Trustee to replace you.
This report will not be like those of the past as, sadly, we are hitting some very difficult times. In the past year we have lost a great asset, the Fiat Ducato, our only low floor bus, which was very popular with our elderly passengers and drivers alike. Due to ongoing expensive maintenance issues, it became uneconomical to repair and the CIO therefore had no choice but to sell the bus. This means that customers have to negotiate steep steps, and the drivers have their work cut out, manually opening and closing the side entrance door, pulling down the steps, helping customers with their shopping trolleys and finding space for these on board the bus.
We do have finance in place for the replacement for the Ducato, but supply chain delays mean that we still do not know when the bus will be delivered.
The most difficult issue that we will have to contend with is the withdrawal of funding by East Herts Council. As a part of this funding was specifically for the Hadham Hopper, it means that the future of this service is now under review. The funding gap will need to be addressed this year and we will be seeking to maximise sponsorship of the vehicles as this can provide a reliable income stream. However, until we have the new bus, we cannot sell advertising space, so we are having to face a great deal of uncertainty at the moment.
Given this set of circumstances the year ahead looks challenging, but we have faced difficulties in the past, and I feel certain that staff and Trustees will rise to the challenge and continue to give their best for the residents of the town.
John Barfoot Chairman