Company registration number: 11965532 Charity registration number: 1187083
Moorlands Voluntary and Community Transport
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Daryl Denson ACMA VAST The Dudson Centre Hanley Stoke-on-Trent ST1 5DD
Moorlands Voluntary and Community Transport
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 22 |
Moorlands Voluntary and Community Transport
Reference and Administrative Details
Trustees Michael Smith, Chair Christine Adams, Vice Chair John Verney, Treasurer Keith Hambleton Pamela Massey Secretary Sally Bentley Senior Management / Sally Bentley, Chief Officer Leadership Team Charity Registration Number 1187083 Company Registration Number 11965532 The charity is incorporated in England. Registered Office Leek Health Centre Fountain Street Leek Staffordshire ST13 6JB Independent Examiner Daryl Denson ACMA VAST The Dudson Centre Hanley Stoke-on-Trent ST1 5DD Bankers Unity Trust Bank PO Box 7193 Planetary Road Willenhall WV1 9DG
Page 1
Moorlands Voluntary and Community Transport
Trustees' Report (incorporating Directors Report)
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2024.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Michael Smith, Chair Christine Adams, Vice Chair John Verney, Treasurer Brian Blackwood (resigned 2 November 2023) Keith Hambleton Pamela Massey
Secretary: Sally Bentley
Senior Management / Leadership Sally Bentley, Chief Officer Team:
Objectives and activities
Objects and aims
The provision of a community transport service, for such inhabitants of the Staffordshire Moorlands and surrounding areas, who are in need of such a service because of age, sickness or disability (mental or physical) or poverty or lack of availability of adequate transport services.
Objectives, strategies and activities
We provide a voluntary transport service which utilises volunteer drivers who use their own cars to take people who live in the Staffordshire Moorlands, have no private transport and are unable to use public transport, to a variety of appointments and venues.
The priority for us is to take people to health-related appointments and so these form a large proportion of our routine journeys. We prioritise health appointments as we feel that these are the most critical to a person’s well-being, chances of living independently in their own home and overall general quality of life. These are all things that we aim to continually improve through our scheme.
Page 2
Moorlands Voluntary and Community Transport
Trustees' Report (incorporating Directors Report)
Public benefit
We provide a voluntary transport service which utilises volunteer drivers who use their own cars to take people who live in the Staffordshire Moorlands, have no private transport and are unable to use public transport, to a variety of appointments and venues.
The priority for us is to take people to health-related appointments and so these form the vast majority of our routine journeys. We prioritise health appointments for clients meeting the criteria as we feel that these are the most critical to a person’s well-being, chances of living independently in their own home and overall general quality of life. These are all things that we aim to continually improve through our scheme.
To ensure the safety of our passengers there have been gradual changes allowing for discretion and common sense with regards to PPE, having discussed it and supported at each board meeting.
We are pleased to report that in the period from April 2023 to March 2024 our volunteer drivers gave over 3,800 hours of their time to the voluntary transport scheme, providing in total over 3,400 single passenger journeys. Whilst our administration based volunteers (including trustees and voluntary office staff facilitating the booking lines) gave approximately 950 hours of support to our organisation.
Over the year our voluntary transport service has seen a continual and significant rise in numbers of people requesting journeys to health related appointments; this has put pressure on our current volunteers and despite losing two volunteers we have been able to recruit two more and continue to advertise for the roles.
Our community transport service operates three minibuses, all of which are wheelchair accessible. These vehicles, along with our volunteer drivers, are available for local voluntary, community, and not-for-profit organisations, to enable them to transport their members to regular activities and days out.
Our regular groups include taking people to luncheon clubs groups and young people to activities. By providing this service we are able to contribute to deliver against one of our main aims which is reducing social isolation through the provision of transport. We enable vulnerable people to get out of their homes, meet their peers and to enjoy a hot meal; whilst also supporting young people, to attend activities and days out that they would otherwise not be able to access.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 3
Moorlands Voluntary and Community Transport
Trustees' Report (incorporating Directors Report)
Achievements and performance
Throughout 2023-24 our local transport charity (Moorlands Voluntary Community Transport - MVCT) has seen an increase in numbers of requests for transport significantly both from individual passengers and also from local community groups. We have been able to support over 480 individuals through our voluntary transport service, with once again a strong emphasis on journeys to health related appointments.
This year our community transport service (our three community minibuses) was able to support 14 voluntary, community and not-for-profit organisations some of which were already using the service, covering a total distance of over 5,400 miles. This service saw a number of groups accessing our minibuses for the first time. The feedback from local groups using our minibuses has been very positive.
2023-24 saw the end of our initial National Lottery grant. MVCT was fully aware of the challenges facing the Charity as it continued to seek sustainable funding, and to this end we were able to very successfully secure another three-year grant from the National Lottery Community Fund, which commenced in August 2023. This was a significant grant and covers our salary costs and website for the next three years.
Following the submission of a number of other grant applications we received funding from in total 8 different sources, including two Town Councils, The Yapp Charitable Trust, McCarthy Stone Foundation, and the Co-op Local Community Fund. In summary there have been a mix of large and smaller grants, most awarded on a ‘one-off’ basis and also one over three years. The Board of Trustees are very grateful for the financial support received over the year.
During the year we were recognised and shortlisted in the category of ‘Breakthrough Award’ to the voluntary sector for the ‘Totally Stoked’ Awards and received a certificate of achievement at the Awards Celebration event.
2023-24 has seen MVCT stabilise and move forward both financially and sustainably through increased user numbers. Positive feedback from service users reflects the strength of feeling about the organisations’ important status in the local area and underpins how vital the service provided is to local people.
We would like to acknowledge the contribution of one of our trustees who sadly passed away in November 2023; Brian Blackwood had been a board member since August 2021, having started as a volunteer driver for us a number of years prior to this. His thoughtfulness, dedication and support will be greatly missed.
We truly appreciate and acknowledge contributions of all our partners and funders and a special thank you goes to our Chief Executive Officer, our volunteer staff – our superb drivers, office staff and the Board of Trustees for all their efforts and dedication to the service that they provide.
Financial review
See the SOFA, Balance Sheet and notes to the accounts on pages 7-23
Page 4
Moorlands Voluntary and Community Transport
Trustees' Report (incorporating Directors Report)
Policy on reserves
Our reserves policy as set out in our financial controls policy: 'MVCT will plan and manage its resources to meet the requirements both of day to day and of future activity. In the Trustees' view the reserves should provide the Charity with adequate financial stability and the means to meet its charitable objectives for the foreseeable future. They will aim to hold sufficient funds to meet running costs for 6 months. To this end, they have created a designated fund within the accounts.' £15,000 has been allocated as reserves. At the year end the charity held £46,082 of unrestricted funds (2023: £36,085).
Structure, governance and management
Nature of governing document
The company is operated under the rules of its memorandum and articles incorporated 26 April 2019 as amended by special resolution registered at Companies House on 17 December 2019. It is a company limited by guarantee and therefore has no share capital. The liability of each member in the event of winding-up is limited to £10.
Recruitment and appointment of trustees
The method of appointment of trustees/directors is in accordance with the governing document of the charity.
Anyone can put themselves forward to be a trustee, subject to approval by the board. The Board of Trustees are always looking to recruit new trustees who can bring new skills and experiences into the charity.
Induction and training of trustees
Trustees are informed of their role and the relevant legislation and given a copy of the Memorandum and Articles of Association.
Major risks and management of those risks
Policies
All the policies that are in place, including financial controls, equalities, and declaration of interest, have set dates for review; thus ensuring relevance through periodic evaluation.
Small company provision
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
The annual report was approved by the trustees of the charity on ...20/09/2024....... and signed on its behalf by:
......................................... Christine Adams Trustee
Page 5
Moorlands Voluntary and Community Transport
Independent Examiner's Report to the trustees of Moorlands Voluntary and Community Transport ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of Moorlands Voluntary and Community Transport as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Daryl Denson ACMA
VAST The Dudson Centre Hanley Stoke-on-Trent ST1 5DD
Date:.......24/09/2024......................
Page 6
Moorlands Voluntary and Community Transport
Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Other trading activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 Note Income and Endowments from: Donations and legacies 3 Other trading activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 15 |
Unrestricted funds £ 8,114 16,305 24,419 (13,684) (13,684) 10,735 10,735 36,085 46,820 Unrestricted funds £ 2,609 14,479 17,088 (11,312) (11,312) 5,776 5,776 30,309 36,085 |
Restricted funds £ 24,156 - 24,156 (32,508) (32,508) (8,352) (8,352) 17,837 9,485 Restricted funds £ 34,440 - 34,440 (33,803) (33,803) 637 637 17,200 17,837 |
Total 2024 £ 32,270 16,305 |
|---|---|---|---|
| 48,575 | |||
| (46,192) | |||
| (46,192) | |||
| 2,383 | |||
| 2,383 53,922 |
|||
| 56,305 | |||
| Total 2023 £ 37,049 14,479 |
|||
| 51,528 | |||
| (45,115) | |||
| (45,115) | |||
| 6,413 | |||
| 6,413 47,509 |
|||
| 53,922 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 15.
The notes on pages 9 to 22 form an integral part of these financial statements. Page 7
Moorlands Voluntary and Community Transport
(Registration number: 11965532) Balance Sheet as at 31 March 2024
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand 13 Creditors: Amounts falling due within one year 14 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 15 Unrestricted income funds Unrestricted funds Total funds 15 |
2024 £ - 6,406 51,326 57,732 (1,427) 56,305 56,305 9,485 46,820 56,305 |
2023 £ 8,600 6,678 39,735 |
|---|---|---|
| 46,413 (1,091) |
||
| 45,322 | ||
| 53,922 | ||
| 17,837 36,085 |
||
| 53,922 |
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 7 to 22 were approved by the trustees, and authorised for issue on ...20/09/2024........ and signed on their behalf by:
.........................................
Christine Adams Trustee
The notes on pages 9 to 22 form an integral part of these financial statements. Page 8
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Moorlands Voluntary and Community Transport meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 9
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including independent examination, strategic management and trustees’s meetings and reimbursed expenses.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £1,000.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Page 10
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
Asset class Motor Vehicles
Depreciation method and rate
33.33% straight line
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 11
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
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 charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
3 Income from donations and legacies
| Donations and legacies; Donations from companies, trusts and similar proceeds Donations from individuals Grants, including capital grants; Government grants Grants from other charities Grants from companies |
Unrestricted funds General £ 640 892 - - 6,582 8,114 |
Restricted funds £ - - 22,166 1,990 - 24,156 |
Total 2024 £ 640 892 22,166 1,990 6,582 |
|---|---|---|---|
| 32,270 |
Page 12
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
| Donations and legacies; Donations from companies, trusts and similar proceeds Donations from individuals Donations from community groups Grants, including capital grants; Government grants Grants from other charities |
Unrestricted funds General £ 500 251 1,858 - - 2,609 |
Restricted funds £ - - - 21,940 12,500 34,440 |
Total 2023 £ 500 251 1,858 21,940 12,500 |
|---|---|---|---|
| 37,049 |
4 Income from other trading activities
| Trading income; Sales of goods and services Other trading income Trading income; Sales of goods and services Other trading income Local fundraising and street collection income |
Unrestricted funds General £ 16,097 208 16,305 Unrestricted funds General £ 13,583 79 817 14,479 |
Total 2024 £ 16,097 208 |
|---|---|---|
| 16,305 | ||
| Total 2023 £ 13,583 79 817 |
||
| 14,479 |
Page 13
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
5 Expenditure on charitable activities
| Volunteer expenses Insurance Vehicle repairs & maintenance Fuel costs Promotion & advertising General office costs, telephone & postage Legal & professional costs Rent & utilities Bank charges Sundry expenses Website Pension Staff costs Governance costs Payroll Costs Depreciation Other vehicle costs |
Activity undertaken directly £ 267 2,769 2,229 1,518 - 1,464 - 5,537 338 54 600 507 18,740 662 607 8,600 2,300 46,192 |
2024 £ 267 2,769 2,229 1,518 - 1,464 - 5,537 338 54 600 507 18,740 662 607 8,600 2,300 46,192 |
2023 £ 409 2,944 4,599 1,562 147 1,407 243 5,554 72 26 600 - 18,427 525 - 8,600 - |
|---|---|---|---|
| 45,115 |
Page 14
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
6 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Independent examiner fees Examination of the financial statements |
Unrestricted funds General £ 662 662 Unrestricted funds General £ 525 525 |
Total 2024 £ 662 |
|---|---|---|
| 662 | ||
| Total 2023 £ 525 |
||
| 525 |
Page 15
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Government grants
National Lottery Community Fund -£20,966 (2023: £19.350) To provide funds to support voluntary and community transport.
Biddulph Town Council - £1,000 (2023: £1,800)
To provide funds to support the running of the Biddulph office.
Leek Town Council - £nil (2023: £200)
To provide funds to support the running of the Leek office.
Cheadle Town Council - £200 (2023: £200)
To provide funds to support the running of the Cheadle office.
Staffordshire County Council Community Fund - £nil (2023:£390) To provide funds for the purchase of hi-vis jackets and coats.
The amount of grants recognised in the financial statements was £22,166 (2023 - £21,940).
There are no unfulfiled conditions.
No other forms of government assistance have been received.
8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
9 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | ||
|---|---|---|
| Staff costs during the year were: Wages and salaries Pension costs |
2024 £ 18,740 507 19,247 |
2023 £ 18,010 417 |
| 18,427 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Employees | 2024 No 2 |
2023 No 2 |
|---|---|---|
(2023 - 1) of the above employees participated in the Defined Contribution Pension Schemes.
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £17,054 (2023 - £16,243).
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 17
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
11 Tangible fixed assets
| Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 12 Debtors Trade debtors Prepayments Accrued income 13 Cash and cash equivalents Cash on hand Cash at bank 14 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Pension scheme creditor Accruals |
Motor vehicles £ 25,800 |
Total £ 25,800 25,800 17,200 8,600 25,800 - 8,600 2023 £ 533 413 5,732 |
||
|---|---|---|---|---|
| 25,800 | ||||
| 17,200 8,600 |
||||
| 25,800 | ||||
| - | ||||
| 8,600 | ||||
| 2024 £ 731 675 5,000 6,406 2024 £ 17 51,309 51,326 2024 £ 299 108 99 921 1,427 |
||||
| 6,678 | ||||
| 2023 £ 17 39,718 |
||||
| 39,735 | ||||
| 2023 £ 10 97 94 890 |
||||
| 1,091 |
Page 18
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
| 15 Funds Unrestricted funds General General Fund Restricted funds Biddulph Town Coucil National Lottery Cheadle Town Council Garfield Weston Foundation Yapp Charitable Trust Baron Devenport Your Housing Total restricted funds Total funds |
Balance at 1 April 2023 £ 36,085 70 8,600 - 2,500 6,667 - - 17,837 53,922 |
Incoming resources £ 24,419 1,000 20,966 200 - - 1,000 990 24,156 48,575 |
Resources expended £ (13,684) (1,000) (24,324) (200) (2,500) (2,500) (1,000) (984) (32,508) (46,192) |
Balance at 31 March 2024 £ 46,820 70 5,242 - - 4,167 - 6 |
|---|---|---|---|---|
| 9,485 | ||||
| 56,305 |
Page 19
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
| Unrestricted funds General General Fund Restricted Biddulph Town Coucil Leek Town Council National Lottery Community Fund National Lottery The Arnold Clark Community Fund Cheadle Town Council Community Foundation for Staffordshire - We Love the Moorlands Garfield Weston Foundation Staffordshire County Council Community Fund VAST Bursary Fund Yapp Charitable Trust Total restricted funds Total funds |
Balance at 1 April 2022 £ 30,309 - - - 17,200 - - - - - - - 17,200 47,509 |
Incoming resources £ 17,088 1,800 200 19,350 - 1,000 200 1,000 2,500 390 500 7,500 34,440 51,528 |
Resources expended £ (11,312) (1,730) (200) (19,350) (8,600) (1,000) (200) (1,000) - (390) (500) (833) (33,803) (45,115) |
Balance at 31 March 2023 £ 36,085 70 - - 8,600 - - - 2,500 - - 6,667 |
|---|---|---|---|---|
| 17,837 | ||||
| 53,922 |
Page 20
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
The specific purposes for which the funds are to be applied are as follows:
Leek Town Land Trust
To provide funds to support voluntary and community transport in the Leek area.
Biddulph Town Council
To provide funds to support the running of the Biddulph office.
Leek Town Council
To provide funds to support voluntary and community transport in the Leek area.
National Lottery Community Fund To provide funds to support voluntary and community transport
National Lottery Funds to purchase a minibus
Your Housing Funds to purchase a PC
Arnold Clark Community Fund Towards the minibus running costs
Cheadle Town Council
Towards the rent and telephone costs of the Cheadle office.
Community Foundation for Staffordshire – We Love the Moorlands Towards the rental costs of the Leek Office
Garfield Weston Foundation
To provide funds to support voluntary and community transport
Staffordshire County Council Community Fund To provide funds for the purchase of hi-vis jackets and coats.
VAST Bursary Fund
Towards the cost of VAST accountancy services.
Yapp Charitable Trust Towards the charity’s core costs
Page 21
Moorlands Voluntary and Community Transport
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Analysis of net assets between funds
| 16 Analysis of net assets between funds | |||
|---|---|---|---|
| Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 48,247 (1,427) 46,820 Unrestricted funds General £ - 37,176 (1,091) 36,085 |
Restricted funds £ 9,485 - 9,485 Restricted funds £ 8,600 9,237 - 17,837 |
Total funds at 31 March 2024 £ 57,732 (1,427) |
| 56,305 | |||
| Total funds at 31 March 2023 £ 8,600 46,413 (1,091) |
|||
| 53,922 |
17 Related party transactions
There were no related party transactions in the year.
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