REGISTERED COMPANY NUMBER.. IJ4635458 {Efjil¥J*d and Wal#) REGTSTERED CHARITY NUMBER: 1178677 STrATECIC REPORT. REPORT OF TIIE TRuE8 AP4D FINANCIAL ATEMENrS FOR THE YEAR ENDED 31 MARCH 2024 FOR BUS USERS UK CHARITABLE TRusf LlhUTED {A COMPANY LIMITED BY GUARANfEE) Hadkys& Co. IM[ Building E142BE
BUS USERS IIK CHARITABLE TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 MARCH 2024 S¢r8¢¢gl¢ R¢port I to 3 Report of the Trnstee4 Indepthdent Exgmltter's Report Sltemetht of FinllelAI Activiti Sts¢¢meDt of FID•n¢knl Posltlon Stlement of C*h FIOVA 10 Notes to the Sts¢¢m¢nt tyf Ckryh Flo Notos to th• Flnaadgl Staternts 12 to 17
BUS USERS UK CHAIUTABLE TRUST LIMITED STRATEGIC REPORT FOR THE YEAR EIYD&D 31 MARCH 24124 The pfft th¢irstrat¢8i¢ fryort fwthe y¢ar end 31 March 2024. Our mis5iOll 15 to bring people togethtr thmugh in¢lusiv< ac¢¢wThle transwL Thi$ br1 remit ¢nables u5 to focus lon¢ltnes8 isol&ion and SOCI excl1lon.thr aim 15 to give communitie5 • voice by enswin8 they ve 4¢¢ to t best possible transport links what¢v¢r th eirne&tsaad whereverthcy li We 7ADrk tr. - M8ke public transport fvlty inclusive and 8ccessibl4 and able to mea th¢ tronspryt ne of 411 q)mmunities . PrnmotE high st8xdards of uth and nwai transport planning and s¢TV1 delivay . Raise awareness of the socia] exclustcffl by • of adequa wansport 8nd x(mrnic social fact(X5 affe£4in8 its provision . Art on behalf of Pas8¢r5 to f¢5olve Claints and undulyin8 prlem# During 2023f24 our resear& Surveys and lIa11{ hIli8htl barri5 to trnvel and the imtActs of transport ecorM)mic aTMI envirnnmental benefits of bus 1{5 eulminattd in the18unth of our flm ever Cax the Bu5 Month wid•d support from p&wengers trwwort bodies NGOS and ¢eDtral and loAI 8ovefflrn¢nL With our newly app)intsJ BL1 Memb#s and a new Chir. we will c4ntinue to press for rt 8ovunment supp)rt for bw ' PRINCIPAL IUSKS AND UNCERTAINriLs are no rthaThl uncert8inti&s to be reptal. EVE8 W¢ hov¢ cJnyin8 ¢4tt rnany onlinE & in P&5Lm Prth[Kll8 Wtng bxk on to the bus aNI w]ng on a n¢w appIltion to help lyjs user5 havea bethrexwiencg. RFSOLVING COMPLAIls As An Ait¢rnative DiSpe Resolution Body for the bus and industy. we handl¢ npla1ftts on bus and coqch s¢r¥ices ro$S th¢ UK (outsid¢ of Lmdon 2nd Northem Ir¢iand) for pa83 unhappy with the rtsponse thrye h¥J Duri 2023f24. we recavol 8dministeTeAI and attemptsl to fB501ve 1.087 c•rnplaints individual UK bus and We also AS ¥ Nalion81 Enforce Body for LzfflpJ8ints by ptsfew uttder the Pass RI
BUS USERS UK CHAIUTABLE TRUST LIMITED STRATEGIC REPORT FOR THE YEAR EIYDED31 MARCH 2024 WORK WITH GOVERNMENT Our Work gives us a uniqu¢ und¢Tstsnding of the needs and conc¢ns of passengers and Ioc41 L¥)mmuniti¢s. W¢ this insigh¢ with central and lo¢al governm¢nL transport brAie4 Ei]hanced Partnership5 and Service lrnprovcmc Plwns to make sure passen8ers are at the heart of tromp0rtplttlrt and delivery. With a General Election loomin& we published our Manhfe5to for Bus Services outlining 10 key Asks of the next Governrnent includin8 prioritisÈng bus services over private eajs. Improving fundin& access 8nd re]i8bility. and making it aduty for l(Kai authorities to provide Soci(Y necessary services. Ourd¢tailed response to the West Yorkshire FTanchising Consultation made the point that FTanchi51n8 is not ne¢e5S8rily th¢ b¢st option for every region. We called for grethr eonsultstion with public trnnsport users and local communiiie5 in order to identify whtthey want from seThic¢s before deciding how bestts deliver these oulcomes. We welMed the commitsneni from Gov¢rnrn¢nt in its Disrfbility A¢tion Pjan Consultation to include disabled peopk in all policy developments. In our submission. we hi8hlighted th¢ 5mpact Èmprovernents to accessibility have on All trnnswjrt users tKJt just those of us with disabilities. review tsf the Public Servic¢ Vehlcles Accesslbllity Re8ulgtions (PSVAR) called for evidene8 on the e1venesS ettd poterttial evoluiion of the Regulations. We made the we to expand th¢ 5wp¢ of PSVAR ¢0 in¢lud¢ th¢ m05t common dis&bilities and addrtss the subsequent barriets totravel thTOU8h nSulta110n with pwpl¢with a ran8¢ of liv In our response to consultations on a¢iive tsavel in S¢otl8nd we have been makinB the case that bus¢s are a vitsi p&rt of the aetive trnvel mix 8Lvefi thlt walking and wheeling are not always viable option& We have also called ftir access to buses to be a priority in the planning and desi of road space so pa5s¢nBers board and travel safely and with In Monmouthshire County Cowi¢il N¢vill¢ Ho11 Hospitsl lblIC TransFWt Con5uitstioTh we hi8hli&ht¢d i$5u¢s trouttd waitin8 fa¢ilitie5. and the SitIOnIng of the stop its¢lf in r¢i¥tign to hospital access point We rec4)mmended a number of fill)ding priorities for Neath Port Talbot County Coun¢il in its bus seryice wjsultstion includan8 providin8 tT#nsport for le4rneTS goin8 to school or college. providing access kn health serviw njnning services areas where there 15 no alt¢ml¥C bspOrt and providing transport to work. We welcom&a ihe ¢larifJca¢ion and setting ou¢ of a tim¢lin¢ for bus franchising in ¢h¢ W¢lsh Gov¢rnment Roathnap to Bus Refomi dO)enL We also welcom¢d r¢eognitiOn of the barriers faeed by many people when it eomes to lessIng %rvi¢es snd the Promise to en888e witl4 listen to passengers to build the btst P05$ible network. FINANCIAL REVIEW Durin8 the year 2023ll4 we saw a reduaion in the gr1 thwarded by Welsh Gov)me leadin8 to an overall fall ' government ixcome. There was a moderate rise in income from operath followin8 an increay in 5ybscriber5 to our ADR seryi¢es and a reSeh grant frnm Motabi15ty leA to a 200% rise in income frorn other sourc Expenditurt was 6Vo lowerthAn 2022123 du¢ to a gap in trUitMl forth¢ Dir¢¢tor for Fgland rol¢ 4lon8 with # staff nwmberon maternity I¥¢. While we end 2023124 with 8 surplu& there is still expenditur¢ to be mth from th¢ Mot8biiity 8rartL P8ge 2
BUS USERS UK CHARITABLE TRUST LIMITED STRATEGIC REPORT FOR THE YE.4R ErnDED 31 MARCH 2024 FIITURF Pl•ilN'S In 2024125 our primary focus will be on ensuring thai funding for vitsl publie transpon services does not get lost in the runding b8¢iles bilwn naiional and lo¢al governments. We will continue lo remind decision maker5 of the huge role public lrnnsport plays in the Social inclusion of 011 membets of the public, as part ol'ihe wider shared and active travel agenda. Our annual Catch the Bus Month carnpaign will continu¢ to work wilh local communit1¢5. local lluthoriti¢s ond bus operators lo higyhligThi the economic, Social and environmenilll importan¢¢ of bus trnvel and encourage more and more pLopIL lu try i)Iil thi% forin i)f Irdii%pon. ¢v¢n if they have a¢¢ess 10 oiher fc)rms ofiriitispon. A8 an or¥onis(Itian, we will continue 10 promote ih¢ di5*bilily and inclusion iieed5 of many comniunilie5 and Show how niLLI nidlly t)r IhL)%e Tliis will also lorm pari ol. our work in res71]L lo iiew liou4L-building progyraTnm whi¢li or¢ oll¢n built without rcterence lo the needs of residents lo get around without a car. Oiir ChiLI' ExeciilivL will Li)niiiiiie h¢r work a5 a C.abinel OITI¥L appt)iiilLd Di%abilily & Ai¢¥%5 Anibki4%iidi)r by engag7iiig with &iroiips r¢pre£cnlii)u disllblLd people. promotin¥ thiir ri¥¥hi$ as poss¢iig¢rs and CliCOLirJging Ihcir invi)IvLrn¢nl iii ¥()-dv%igningi Ti¢W vLliiLIL% and inierchanues. BLIS U%ers will iilw coniinue lo ensure barrier% to trnvel for all ar¢ r¢¢obinised and desibined out of the iran5POrt network as early AS POSsibl¢. W¢ Lonlinue 10 work wsil) l.ocal Auiliorili¢% iJn iheir Bus SeNi¢e Improv¢meiii Plons, Lnhinced Paniiership%. Bu5 AlliaiicLS aiid oihL'r such rOL1p1nsS to kecp pas5cngeT5' nc¢ds ai ihL h¥an uf nliwork divelopnieni. We liavc dcvLlopcd rantsie ot. leniplale I15Sen¥cr (-hart¢rs and complain15 mechanisms and will cnsure th¢s¢ are impl¢m¢nicd in ways thit mak¢ it Lasivr lor pass¢n¥Lrb 10 ¥¢1 r¢dr¢ss ifihings. go wronu. WL will dl vilop a munif¢s10 of requireinenls lo use in conlacLs with all polilirul pHrti¥y in lh¢ run.up 10 naiianal and UK LleLIi0115. wi)rkiny with alliL5 aiid purin¢rs to try ¢0 ¢nsur¢ o morL joinid-up pprOaCh lo inle8raiLd. su8lainabl¢ pubSi¢ irnnsport for 4LII communilics, rurnl or urban. Above all, w¢ will ¢oniinu¢ to a¢¢ #s # pa551n8¢r advocate helpin8 to iThcrSL rL¥ular, EILAn, green. a¢¢es$ible and affordable services which m¢a th¢ nc¢d5 of cornmuniiies. Sep 11, 2024 ApprovkNi by order of thc board ofiruslccs on ............................................. and siun¢d on its bLhalf by.. Fl rk¢r- Tr1151ee Page 3
BUS LLSERS UK CHARITABLE TRU LIMITFII REPORT OF THETRUSTEFS DR THE YEAR EI¥DED 31 MARCH 21ll4 The tne$ WI 50 dir)19 of th¢ ¢hrity for the of th¢ corn] Ac 21J06. pre%nt their rryort with the fitwKial statements of the charity for the year endd 31 Match 2024. The trLEts have adLY1 thc provision5 of Aceounting and ReportÈng by Charities: strte4 of Rewfft PA1 appIltIe ¢haTities preparing their counts in accordance with the FinarKial R¢wKtin8 StsTrJArd applith in UK arml Rwblic of Ireland (FRS IW2) (effective l January 2019 At Bus Us¢r4 ourdwitsbi¢mis5ion is to I18 p ory1 ¢¢rfnmwJiti¢stO8ts. thmuth SLiaJly incluslve tran¥Krt (hr aim is to 8ive 0)rnMu1[es a voio by have toss to pt8STble links whatevtttheir n¢e(b •nd wherever Ilw live. We work to: . Mak¢ public transwt fully inclusive and able to meetthe neelts of ail comrnities - PromLrte high SMda of Urb t1 nral traw platThingaThl seryic¢ delivvy . Raise awareness of the social exclusic <•used by 8 of ar th¢ Or1¢ and s141 fKto affecting its pmvision OWEcfivKs AND ACTivfTIES Objectives To promote la1 in¢lusion ftr the publi¢ b¢¥*frt by KttventÉn8 peopl¢ fmm bekY)ming lallY cluded. Relieving the needs ofthos¢peopl¢ or¢sla1]Y ¢X •J wistin8 them to inte8rate into wciety by: Ind to prDvid¢s8ft and convalieni ts8nsport faciliiies to meer ne&ts - Raising &Wene of the transport needs of pwple who are tallY ¢xclutsl. To promote for th¢ publi¢ benefit hi8h 5tsndths of wban and nEral tsw4MNt lI]ng and service delivery . aordanCe with relevant 1¢8datioTh standar& aTrJ conditions. To ducate thB public in a brtter understanding of Medingourobiek#ives
BUS USERS UK CHARITABLE TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OwEIVEs AND ACTIVITIES SlinlfleAnt attlvltleg - With a General Ele10n Icornin& we published our Monifesw for Bus knlc¢s otstlitiin8 10 k¢y osks of th¢ n¢ Gov¢rnm¢n¢ including priorili5in8 bus s¢ryi¢e$ over privok car4 improvin8 fvndins. ¢¢$5 aftd reliability. and making it a dyty for local authorities to provide sl811Y ne¢essAry Servi5. - We pArknered with Motability, Revealift8 Reality and Frontier EuJn¢)mies for 8 unique reseveh projeet upturln8 the sclf-reported, lived travel experiences of dimbled passengers. With the findings due for publi•0 later in 2024, this VAluable insight will help shape the future of bus accessibility in th¢ UK - As Gov¢mm¢nt finally 4nnounrxd onboard audio and visuai alUUrnents were to b¢com¢ rnandptory. w¢ publish the follow.up to our 2022 Acce55ibtlity Audit which found operntor5 were actin8 on our reeommendatior 8nd w¢r¢ in¢rea8in8ly coll8boAtin8 Wlth disabled passen8ers. eh¥Èties arhd loc1 to identlty and rtmove barrie tl) trattsport Attd improve vehlele desi. We also found Improvements In wheelch&ir spae4 l0¢tIon, le8 room. PSVAR complianc and audio-visual announcements, as well as increased access to prlnd materfals. online resouw¢5 d apps. - Our work wth Bus PArtner5hips acrosy Scotland has led to 4 range of priority m¢uyrtJ th•t •r¢ improvln8 journey timu 5¢Tvi¢e Teliability for pttss¢n8ers. New bus 8ates in Aberdeen, fimded through the North East Bus Alliance. have dellvered me4sufkble benefitg for 600.000 passen8ers. with punctlity up by 386 just 2 months after their launch. - We wern among those calllng on W¢lsh Oovernment to extend post.p4nd¢mi¢ for bus wvie¢s In the eounty. r¢sultin8 in an exlension of the Bu5 Em¢rg¢rtcy Fundhn8 S¢h¢m¢ 4nd th¢ introduetion of thé Bus Transltlon Fund. Additional ndIng is bein8 made av4ilable throu the Bus Network Grnnl offerin4 1¢ WAwity for in the yeorahead. - We hpv¢ worked eiosely art operntor followln8 the Introduetlon of Revenw FrO¢0n Offlc4rs (RPOS) to sorne of its services. We h¢lp¢d put in pli# a $p¢eial process for hartdlin8 eomplalrtts. provided support wlth websiie copy d 4pp¢NI l¢tt¢rs folltswin8 our reeommthtions. all RPOI will rthv be DBS ¢h¢ck¢d and receive DI111ty Awaréness Trnlnin8. - We jointly launched the'M•kln8 Publ1¢ Trnnsport Even Saferf umpaign wlth Wom¢n In Transport ond Tickthr. inuta8¢ swf¢ty on boArd And en¢ourn$e female rid¢rshlp. The ¢wnpai8n offer&d on aciion plan for pass¢n8er5. 4dvice on ttin8 si5 Qf abuse And what actlons io tske when abuse Is $tte as well as 8uidance to op¢r•tors on how to make bus travel even fer to Improve the pwenBer ¢xperienc¢. - We wtte lled on by th¢ Traffic Commis5ion¢r for S¢otland, Cl4ir¢ Oilmort. to Investl8ate short-nlee cancellatio one particular operntor. Following our r¢por4 the opBrn¢or r¢ceivtrJ fin*1&1 peMltle$ on all Ihort-noti C4ne4llations irt lin¢ with r¢8istration 8uidelines. We held 4 3¢riu of consultation tvents In Conwy to assess the impo¢l of th¢ withdrawn T19 servlce on local commuttities. We shtred our findings with Conwy Council. Gvrynedd Council, Tfw Welsh Govemmertt and in September 2023. FflKsi Dyfftyn Conwy w4$ ¢xt¢nd¢d to Include Dolwyddelan. provldlTh8 re51d¢nts with vitsl tr4n¥ links. r monltorfn8 of seThlces In a rural area of Scotland idethifi¢d i5SU¢5 With vehieles, poor tlmekeepin& excessive speeds and stops being missed compl¢¢¢ly. W¢ $hw¢d our fJndin8s with the Traffic Commissioner and ahud of the l>ubli¢ Inquiry, the operatorwu already adjusting tiMthb1 to Improve Servi r¢li4bility. - Followin8 a short&8¢ of drivers and sp4r¢ bus parts in Wales. we ertCOUrn8ed operators to toke a Multi-mla appro¥h to notifying pass¢n8¢rs of s¢rvic¢ changes using posters, apps and social media. We were CAlled irt by several local authorities in Wpi¢s to inve5tiwe why pass¢n8ers usin8 early mornin8 aervlces unable to travel. We iderttificd a number of nonryopera¢in8 %rvÈces. all of which wer¢ subsequendy reinstst¢d thkS to the work of our Complianc¢ Monitorin8 TMM. Page S
BLS USERS UK CHARITABLE TRUS'I. LIMITED REPORT OF THE TRUSTEES FOR THE YLAR EIYDED 31 lAKeH 2024 STRUCTURE, GOVERISANCE AND MANACEMENT Governing document Th¢ ChstY is contri¥lled by tts goveming doLiimen4 8 deed of tnjst, and consliiute5 a limited company, limited by guarani¢¢, as d¢tined by the CornpaniL Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Regi5tcred Comp#Dy number 04635458 {England and Ivaltsl Registered Chxrity number 1178677 Registered office 22 Greencoat Place London SWIP IPR Trustees H BaTker J R Anderson Ms J K Manin C Bames L Crcaven C Osakwe T Quay J Aitken (appointed 18.6.241 Company Secretfiry MsKEDonn Independent Ex#miD¢r Khalid Mehmood Hadleys & C.0. Grouiid Floor Import Building 2 Clove Crescent London E142BE Sep 11, 2024 Approved by order of the board of trust¢e5 on ............................................. and signed on its behalf by.. H Barker- Trustee Pag¢ 6
INDEPENDENf EXAMINER'S REPORT TO TIIE ThusfEES OF BUS USERS UK CHARITABLE TRU LIMITED lThdepefydent exAm1&ei bW>Ort to the trwteu of Bus Uxrs Uk CbarltsbleTrMt UM1t Cthe comny.) I r¢p)rt to the dwity trusteuon rny ¢¥•rnlnat1 of the X4XMLnts of the Comp•ny ftyth¢y¢•r¢ThJed 31 M•rth 2024. R#ptyts$lbilitlts bAsls of ftj As the charity's trustr¢s of the Company {and also ity ¢kn forth¢ pwwjses of wmporry18w} you are r¢sw]bl¢ the pr¢paNion of the acmunts in aco)rdw with th¢ reqUirts of th¢ Comp•ni¢s Act 2006 Cth¢ 2006 AI). Havin$ ytisfied myself that the I0nts of the Ccffjpny are requir1 be Mlid under Pan 16 of the 2006 Act d #re eligible for irwjepthdcnt examin1( I rep)rt in resFrt of my exaMinlOn of your charity's ac¢ounts as rIed out under se1¢ 145 of the Chtiriiies Aa 2011 Cthe 2011 ACV). In out my examination I hove follow¢d th¢ DIlon9 given by the Charity Commission w¥lv 145{5) Ib) of the 2011 Art Ind¢puJd•nt 4¢1 Sin¢¢ y¢)ur tlthrity's ws in¢ne exctedtsl £250,(IXI your examirter mum be • member of a lixe4J body. I confwm that l qulfied to und¢rth th¢ txamimiiott Ettause l am A manb¢T of the IrAtitu of Chartered bh En8lwLd knd W4]4 which is on¢ of th¢ listed tKdie5. I Imve compl¢t¢d my ¢X#mInatS. 1 ts)nfimi th•t Th) ¥¢ Li)me to my •ttemion In with the mlnation 8ivin8 m¢ to belic aecountSn8 reco1 were not keo in Yupertof the cOmpY a5 qUired by S)Xion 386 of the 2fy)6 Ad; the accounts do not accord with tho% reojrt. or the aeeounts do comply with the Kc4yJntin8 requirrnts of seth1 396 of 2006 Art othtr any 4uiremeTht that th¢ a¢¢>)unts Blv¢ • In Ind f•ir vi¢w whieh li eonsidernd u pKI of independent exarninplion: or th¢ Jccounts have not been in with the m#hoth and prin¢1pl of IIK Sthtement of Rxommended Prtttie¢ for aLX0lIng and wing by chwilia {•ppliubl¢ to chorities prepuing thelr accounts in acc4yth with the YMJwKial Ryrtin8 Stsndard ¥pl1¢Ie in UK Republic of Ire1wl (FRS 102)). I have M corKern$ and hav¢ corne amss no other rn4t¢us in )nliOn with the examin10 whKh attenti(ffi should bedrnwn in this Twn in ord¢r to ¢nIb • W¢dIng ofthe to be re4ched. Khalid Mehmecd The In*itut¢ ofChvt¢r@l Attclmtsnts in F4land4nd W•le5 Hadleys & Co. Ground Floor Import Buildin8 2 aovt Cres¢ent LldOn E142BE
BUS USERS UK CHARITABLE TRUST LIMITED STATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR ENDED31 MARCH 2024 2024 Unr¢strid¢d nd 2023 Total nds INCOME AND ENDOWMENTS FIIOM DonlOn$ and lewi¢s 822.722 789.432 Investsnent in¢cTh¢ Totsl EXPENDITURE ON Chable aetlvltlej Salaries Telephone 581 J28 629.786 8a74 2,496 9.017 3.030 Adverti#lng Postage & 3taiionery 3.810 4,176 3.945 3.928 2.540 SundT105 Insur4nc¢ Trnvellirt8 39.883 36.491 ITCO 1 &303 13,372 Oth¢r Totsl 748 388 773 988 NET INCOME 89.334 30.444 RECONCILIATION OF FUNDS Total funds brots8hi forniard 137,671 107227 TOTAL FUNDS CARRIED FORWARD 227 005 137671 Th¢ notes f¢Jnn part of these financial statemerrts P#8e 8
BUS USERS IIK CHARITABLE TRUST LIMITED STATEMENT or FIN'ANCIAL POSITION 31 MARCII 2024 2024 2023 Total fund5 Unresiricied fund Noi¢s CIIRRFNT ASSF.TS Debior5 Cash at bank 64.518 ?47,585 106.180 156,827 312,101 263,007 CRF.DITORS Aniolinis fallins due wiihin one year 10 159,?651 190.-1.161 NET CURRENT,ISSETS ?$2.8.18 172.671 TOTAL ASSETS LESS CIIRRENT LIABILITIE.5 252.838 172.671 CREDITORS Aniouiiis fallinsy due aft¢r more Ihlln one ycar 125.8331 135,0001 NET ASSEI'S 227.005 1.17.671 FUNDS UnT¢siricied funds 13 227,005 137.671 TOTAL FUNDS ??7.005 137.671 Tlie charitable company is en¢itled io exempiion from audii under S¢¢lion 477 of lh¢ Comp811i¢5 A¢1 2006 for the ye4r endcd 31 MArth 2024. The rnernb¢r5 hav¢ not required the ¢ompany 10 obidin an audit of its financial silllemen15 for the year cndcd 31 March 2024 in cOrdan¢¥ with S¢¢iion 476 0l.ihe Companics Aci ?006. The trustees acknowlcdme th¢iT re5poiibibilitiV5 for cn5uring Iliat ihc churitabl¢ compony keeps accoun¢ing records that ¢omply with Section$ 386 and 387 of thc Cornpani¢s Act 20U6 And pr¢pariiig lin£lnLial siaietnelils whicli 8ivc a true and fair vicw of Ihc State of affairs ofthe charitabl¢ ¢ompany 95 at the ¢nd of each finJnLial year and of its surplL15 or deficii for Cach fiiiuncial yeur in accordan¢¢ with lh¢ requireiiienis ofseciions 394 and 395 and whicli oilierwi5L comply wilh the requir¢Di¢nis of th¢ Campaniey Aci 2006 relatin8 to financial statemcnts, 50 far a5 applicable to the ¢h4ritsble compaoy. {b) These fInart¢ial 51aiemenis have been prepared in accordance with th¢ provisions applicBble to chAriiable Companies subject to the small companie5 regime. Th¢ financial sialemenls were approved by the Board of Tru$i¢es and aulhorised for 155ue on and were 5ign¢d on its behalf by: HARRY BARKER The notes forin part of IhesE finuiitial siAtemenis Page 9
BUS USERS UK CHARITABLE TRUST LIMITED STATEMET4T OFCASH FLOWS FOR THE YEAR ENDED 3] MARCH 2024 2024 Notes Caih flows from op¢rBtlngMetlwltks Cosh generated fmm op¢ratÉons Interest paid 100,781 855 84,315 51 Netwh Provid by opernting activitie5 c flo from Ilnan¢lng actlvltl LO rq>ayments in year Net used in financing activitieB 10741> Change In cash And cub qulvalents In ¢b* r•portln8 p•rlod Cosh •nd oqulv4l¢Dts At th• b4lDnlug of the reportlD8 perlod 90.758 73,523 Cash and eA$h equlv&lents At th• ond of ¢h¢ reportlng perfod 247 585 7he notss forni pArtof the5¢ fin8n¢iAI 5thtrm Pa8e 10
BUS USERS UK CHARITABLE TRUST LIMITED NOT TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTILS 2024 2023 N¢t in¢om¢ for tts¢ reportln8 perlod (#s per the Statsm•nt of Fln#ntl81 Actlvltle4) Adju5trnets for: Intrrest paid Dxrtw in d¢btors {DecreBseyin¢rwe in creditots 89,334 30.444 855 41.662 25.843 Net cBsh prnvlded by OPET8tIoTr• 100781 ANALYSIS OF CHAf4GES IN NLT FUNDS At 1.423 Cash flow Ai 31.3.24 Net Ca8h at bank 156827 156 827 Debt DelAs falling due after l yr Tol*l 121827 Th¢ not¢s forn) part of th¢5¢ fin¢181 thm¢nts P88¢11
BUS USERS UK CHARITABLE TRUST LIMITED NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR EP4DED31 MARCH 2024 AccouNfiNG POLICIES BASIS of prepgrlng tbe finand81 Jtst¢m¢nts Th¢ financi415tat¢rnents of the charit4bl¢ ¢omp3ny, which 15 8 publi¢ b¢n¢fit ¢ntity under FRS 101 hav¢ b¢ prepared in Corda]Ke with the Chariti¢s SORP (FRS 102)'Ac¢ounting &nd Reporting by Charities.. Sthtement of Recommended Prnctice Applible to charities preptng their Counts in accordance with the Financi Reponing Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019y. Financial R¢porting Standard 102 The Financial R¢porting Standard 8pplicable in the UK and Republic of Ir¢laThd' and th¢ Companies Ac¢ 2006. Tr finon¢iai statements h4ve b¢¢n prepar¢d under th¢ hi#orical co# convention. l#come All income is recognis&l in the Sthtemem of Financia] Activiiies once the charity has et)titlement w the it is prob&ble th the income will be ¢¢Ived And the amount Can be measured relihbly. ExptDditure Liabilities are reeognised as expertditure as soon as there is a leg&1 or construetive obligation committing the Charity to that expenditkn it is probable that & transfer of economic benefits will be required in settlement and th¢ amount ofthe obligation be m¢&sur¢d r¢li4bly. Exp¢nditwe 15 aynt foron an awruals b&8iS and h•$ been Classifi under headings that aggre8ate all cost related to the cale80ry. Where costs cannot be dirtctiy 4ttributed io particular headin they have been dlocat&l to aetiviti&% on a b&sis eonsisterit with the use of Taxatlon The ¢harity is ¢x¢mpt fmm corp¢)Mion tsx on its ¢horitabl¢ a¢tivitie8. Futtd wrcountiDg Unres¢rictrd fvnd$wi be used in &cldance with the Chlb]e obj¢¢¢iv¢s at the dIsU10n of the tnLsIxs. Restricted fvnds only b¢ u59J for p4rti¢ular r¢stri¢ted purpw within the objects of th¢ charity. liestrirtions arise when Specifi by the donor or when fijnds roised for particular restricted PUTPOS¢& Further expl8TMtiort ofthe nature artd purpose of each furtd is included in the notes to the fiTbftncial statements. DONATIONS AIYD LEGACILS 2024 2023 Grants Subscriptions Other InMe 586.904 235.195 623 554,089 231.927 789 432 Cnnts re£eiveA. ind in the &bov4 #s follows: 2024 2023 Gov¢mm¢ni Br$ 586.905 i) 554.088 554 089 Pa¥e 12 ¢ontinu¢d...
BUS USERS uKCHARITABLETRu LIMITED NOTES TO THE FINANCIAL ATEMENTs- coBIIDu4 FOR THE YEAR ENDED31 MARCH 2024 INVLSfmE INCY)ME 2024 2023 CHARfTABLE ACTivmLs cosrs Di ci)sts { note 5) Totsis Salari T8]¢phone 581J28 581J28 8J74 1496 8J74 1496 Advertising 3.810 4.176 1696 3,810 4.176 1696 Sundries TrlI]ng 39.883 39.883 SiIPPORT COSTS Tot•l$ 11.152 76.110 87J22 IT¢0 18 TRUSTEESI REMUNERAnoN AND BENEFITS Th¢re were no trus*u' remwKrnIi or (thz buKfits for the thdod 31 M•r¢h 2024 nor for the year ¢nd¢d 31 Mareh 2023. Trusteu, up¢w There were no Ine. ld for the ye4r ¢th 31 mh2O24 nor for the year ended 31 M•rth 2023. P¥13
BUS USERS UK CHARITABLE Illu LIMITED NOTES TO THE FINANCIAL STATEPIEi- cotttltslltd FOR THE YEAR ENDED 31 MARCH 2024 2024 Wa8e5 and saiaTie5 581328 629 786 581 The aver•8e monthly numb¢rof employeudurin8the ytarwas 15 follows: 2024 21 21)23 Administr•ii¢)n No employ reeived UhY)luments in of£6).(W. COMPARATIVLS FOR THE STATEM8Nf OF FINANCIAL ACTIVITIES Unr¢5tri¢t¢d nd INCOME AND ENtM)WMENTS FROM DonIon9 arKI I¢yci¢s 789,432 Imieslmeni Income T•t•l EXPENDITURE ON Charft*bl• athltl Salaries T¢lepknne 629.786 9.017 3.030 Advertisin8 3,945 3.928 se$ Tr4v¢llin8 36.491 IT¢0 13.3r2 Totsl NET INCOME 30.444 RECONCILIATION OF FUNTKS 107227 P#Be 14 ontinU...
BUS USERS UK CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- conllnued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL A1VITIEs- ¢oNtlnu¢d Unrtstri¢*d fund TOTAL FUNDS CARRIED FORWARD 137671 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Tr¢ debto Other debiors Prephym¢nts ond incom¢ 38,711 2.200 84.067 1.900 64 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxe5 VAT Other eredltors Accrued exp¢ns¢s 4.957 32.896 8201 60.574 7.981 14,178 11. CREDITORS: AMOUNTS FALLING DUE AER MORE ThAN ONE YEAR 2024 2023 Bank lo9 (se¢ note 12) 12. InANS An analysis of the moturity of loans is given below.. 2024 2023 Amounts hlllng due betweeft two and flve years.. Bk loang- 2-5 yelrs Pa8¢ 15 ¢onlinued...
BUS USERS UK CHARITABLE Illu LIMITED NOTES TO ThE FINANCIAL STATEMENTS. fonllTh¥ed FOR THE YEAR ENDED 31 MARCH 21)24 II MOVEME I]Y FUNDS Nd At 31J24 At 1.423 In ffiJt)ts UDrnlrkt•d fllDth Genml fijnd 137.671 89J34 227.5 TOTAL FUiYDS 137 671 N¢t in fu in¢lth in Ar¢ u follows". Intirfnini Rwourtts Movernent ID funds UDryslrkt¢d Getkrnl fijnd 837.722 (748J88) 89J34 TOTAL FUNDS 88 89 837 722 LL) a34 Compr•tlvu for mov•we*¢ Iw fvnd• Net At 31.3.23 At 1.4.22 In UAr•glrlct•d 107227 30.444 137.671 TOTAL FUNtKS 107 137671 Cornp4Tativ¢ n¢t in irt the above I follo in fvrmls Unremrleted f4n GuKrnl fund 804.432 (773.988) 30.444 P¥16
BUS USERS UK CHARITABLE TRUST LIMITED NOTES TO THE FINAiYCIAL STATEMENTS- contlnlled FOR THE YEAR ENDED 31 MARCH 21124 MOVEMENT IN FUNDS- eotttinued A owrw¢tye4r 12 Mon and priory¢ar12 months 9)mbIn position 15 as follows.. Net movern¢nt in furbjs At 31.324 At 1.4.22 Unrestrfcted fuDth 107227 119.778 227.005 TOTAL PIJNDS A current yetr 12 months and priorytar 12 months tornbined net rnovemcnt in fund& itteluded in the above are as follows: Incoming R¢sourvs exnded Movement in furtds Utsrestricted funds 1.642.154 (1.521370) 119.778 TOTAL FUNDS 1642 154 76 I& RELATED PARTY DISCLA)SURES There w¢r¢ r¢]ateJ pjrty trnn5aetions for theYe end&d 31 Mwch 2024. Page 17