# **Exe Valley Market Bus (EVMB)** ## **Charitable Incorporated Organisation** ## **Registered Charity Number 1177429** Trustees’ Annual Report for the Period 1[st] April 2023 to 31[st] March 2024 Charity’s Principal Address; R Mugford Bray Accountants Ltd 21 Angel Hill Tiverton ## Section A Reference and administration details ## **Names of the charity trustees who manage the charity** ||**Trustee name**|**Office Held**|**Dates acted if not**
**for whole year**|**Name of body**
**entitled to appoint**
**trustee**| |---|---|---|---|---| |1.|Colin Radford|Chairman||EVMB Committee| |2.|Post unfilled|Secretary||EVMB Committee| |3.|Jennie Chappell|Fund-raising||EVMB Committee| |4.|Robert Mugford|Assistant Treasurer||EVMB Committee| |5.|Malcolm Jowitt|Treasurer||EVMB Committee| EVMB Annual Report 01/04/2023 to 31/03/2024 ## Section B Structure, governance and management ## **Description of the charity’s trusts** > **Type of governing document** Constitution > **How the charity is constituted** Charitable Incorporated Organisation The Trustees of the Exe Valley Market Bus are the Chairman, Secretary, Fund-raiser, Treasurer and **Trustee selection methods** Assistant Treasurer who are elected to their positions by the committee members. ## **Section C Objectives and activities** Provision of community bus service for residents of **Summary of the objects of the** isolated villages and hamlets in a very rural area of mid **charity set out in its governing document** Devon who, for whatever reason, are unable to drive and where there are no commercial bus services. EVMB is a not-for-profit organisation operating for **Summary of the main activities undertaken for the public** public benefit in accordance with the Charity **benefit in relation to these** Commission’s guidance and regulations and providing; **objects (include within this section the statutory** Regular, scheduled bus services between Oakford **declaration that trustees have** and Tiverton under a Section 22 Permit. **had regard to the guidance issued by the Charity** A community hire service to residents and **Commission on public benefit)** organisations in the area in which we operate. Page **2** of **4** EVMB Annual Report 01/04/2023 to 31/03/2024 ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grant-making; - policy programme related investment; Exe Valley Market Bus is in its 47[th] year of operation and is run entirely by volunteer drivers and a volunteer committee. - contribution made by volunteers. ## _**Section D Achievements and performance**_ > **Summary of the main** Exe Valley Market Bus runs two regular services between **achievements of the charity** Oakford and Tiverton each week and a community trip on **during the year** the first Thursday of each month, providing transport for elderly people living in remote locations. The bus has also been used by local church groups, among others, for community service. **Section E Financial review** > **Brief statement of the** Funds no greater than required for immediate running **charity’s policy on reserves** costs are deposited in our Current and Instant Access Accounts. Surplus funds are set aside towards the purchase of a replacement bus and are deposited in a high interest bank account. **Details of any funds** None **materially in deficit** Page **3** of **4** EVMB Annual Report 01/04/2023 to 31/03/2024 ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. Our principal source of income is from cash and concessionary fares on our regular, scheduled services. We have received additional income from our community-hire service and donations. Our expenditure has been limited to maintenance, fuel, insurance, road tax and other running costs. We have no investments. ## _Section F Other optional information_ All withdrawals and transfers from our accounts require signatures from any two of the Trustees. ## **Section G Declaration** ## **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Christopher Moss **Position** Treasurer (from 27.08.2024) **Date** 28[th] December 2024 Page **4** of **4** Exe Valley Market Bus Registered Charity Number 1177429 Accounts for theyears Ending 31st March 2023 & 2024 Cash at bank and in hand Lloyds Treasurers Account Lloyds Instant Access Account Shawbrook Bank Isavingsl 3110312024 £1,221.05 £4,821.12 £35 132.37 £41 174.54 3110312023 £1.187.04 £6,018.56 £30,644.92 £37 850.52 Income and ex enditure Year to 3110312024 3110312023 Income Bus Services Operator's Grant (BSOG) BSOG Plus Cash stage fares DCC Concessionary Ipassl fares First Wednesday l Thursday Community Hire Non-operational income 1S•• 1 b•lowl £226.02 £207.55 £333.95 £5,430.60 £1,415.40 £494.15 £1,597.01 £9 704.68 £317.00 £544.95 £4,599.45 £1,604.00 £635.60 £6,071.89 £13 772.89 Total Income= Expenses Fuel Shell Setup - Card Administration Fee Esso Account Administralion Fee Shell Monthly Card Fee Repairs and mainlenance Road Tax Pemit Renewal Insurance Other Expenses (See 2 below) VAT repayment £1,627.81 £18.00 £21.60 £3.60 £3,854.86 £165.00 £1,810.11 £2,591.31 £165.00 £55.00 £1,227.06 £2,421.35 -£1,066.29 £7 203.54 1284.74 £190.00 -£784.95 £6 380.66 Total Operating Expenses= Overall SurpluslDefi¢it - £3 324.02 £6 569.35 Notes 3110312024 3110312023 1. Non-operational Income Donations (see J b&lowl Interest on Lloyds Instant Access account Interest on Shawbrook Account Transferred FROM float £1,3U I.UL) £52.56 £237.45 £9.99 £146.60 £96.60 Total non-operational income= £1 597.01 £6 071.89 2. Other Expenses Parking Stoodleigh Parish Hall Parking Fine Advertising (Today Magazine) Transfered TO float De-icer Medical Examination Body Repairs IDCC grant-funded) £4.00 £14.00 £85.00 £87.00 £16.50 £7.00 £84.80 £4.08 £85.00 £2,223.97 Total Other Expenses = £190.00 £2 421.35 3. Donations Anonymous (given to driver) Anonymous (Through Jennyl Oakford Bingo Night Anonymous All Souls Lodge, Tiverton Unknown Donor First Wednesday Group (Chris Quickl 0610412022 2310412022 2310412022 0810712020 0311112022 0710412023 1410312023 £20.00 £500.00 £282.00 £0.20 £5,000.00 £0.50 £16.00 £5 818.70 Mr. Peter Roberts (through CAF) Freemasons, Wake Fund Chris Quick (First Wednesday Trippers) Simon Edwards Donation to driver (First Thursday Trip) 0410512023 2510512023 0511012023 1911012023 1110312024 £5.00 £1,250.00 £16.00 £20.00 £16.00 £1 307.00 I certify that the accounts of the Exe Valley Market Bus have been examined and found to be correct Signed