```
REGISTERED CHARITY NUMBER: 1189556
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
```
```
FOR THE YEAR ENDED 31 DECEMBER 2023
```
```
FOR
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
```
van Dijk Accountants Limited
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 2`|
|**`Independent Examiner's Report`**|`3`|
|**`Statement of Financial Activities`**|`4`|
|**`Statement of Financial Position`**|`5`|
|**`Notes to the Financial Statements`**|`6 to 10`|
|**`Detailed Statement of Financial Activities`**|`11`|
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`REPORT OF THE TRUSTEES`**
## **`for the Year Ended 31 December 2023`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2023.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The objectiveof the charityis to providean affordablebus serviceto the inhabitantsof the localcommunitywho are
in needof sucha servicebecauseof age,sicknessor disability(mentalor physical)or povertyor lackof availability of
adequate and safe public transport services.
```
```
HalesworthAreaCommunityTransportLimitedoperatedasanassociationundertheCo-operativeand Community
BenefitSocietiesAct2014until31December2020.On1 January2021ittransferredtheassetsandliabilitiesof that
entity to the CIO.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities for the public benefit`**
```
2023wasachallengingyearforHalesworthAreaCommunityTransportwiththeriseinthepressureto become
"electricallyfueled".ForHACTthis,atpresentisunattainable.Thecostinreplacingourfourbuseswouldfar exceed
threequartersof a million.Notonlycostbutlackof infrastructureis againstus too.Chargingpointsforallour buses
comeswitha massivepricetagandtheplacingof themwouldposea hugechallengetoo.Also,findinga garage that
could service and repair them would be a long journeyand an expense HACT could not afford.We continueto run our
existing fleet of Euro 6 buses and pride ourselves that one journey with us saves sixteen cars going out.
```
```
During2023,wehavehaddonationsof£5,000fromInternationalChem,£2,000raisedbytheHalesworthGolf Club
Seniors,and £500 from the Old Glory Molly Musicians.We also have yearlysupportfrom BroadwayColoursand many
localpeoplewhogivegenerously.Withoutthiscontinuedsupport,HACTwouldstruggletooperatein these
economically challenging times.
```
```
-Overall Mileage for HACT-31,186 miles (Three buses combined)
-Overall Mileage for SBCB-21,679 miles (Southwold and Reydon Service)
```
## `Passenger Journeys`
```
-Route 511-5,169 (mainly concessionary shopping and social visits)
```
```
-About 5% of passengers were fare paying adults and children.
```
```
-Sole Bay Community Bus-1,249 (mainly concessionary shopping and social visits)
```
```
-About 7% of passengers were fare paying adults and children.
```
## `Community Hires`
- `-150 Community Hires completed for HACT.`
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
The results for the year ended 31 December 2023 are set out in the accounts on pages 4 to 12 of this document.
```
## **`Reserves policy`**
```
It is the Charity's policy to maintain reserves at a level it considers necessary to meet cash flow requirements.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The Charity is established under a constitution adopted on 30 January 2020.
```
```
Page 1
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`REPORT OF THE TRUSTEES`**
## **`for the Year Ended 31 December 2023`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
TheTrusteeshavediscussedtherequirementofariskstrategyandbelievethattheyhaveadequatemethods of
monitoringandcontrollingthefinancial,reputational,statutoryandlegalandoperationalrisksapplicableto the
Charity.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1189556
```
## **`Principal address`**
```
Station Building
Station Road
Halesworth
Suffolk
IP19 8BZ
```
## **`Trustees`**
```
B Howard (resigned 1.7.23)
O J Perkin (resigned 1.8.23)
D R Pring (Chair)
J D Giles
J S Lavery (resigned 1.5.23)
C L Ryan MBE
D Plater
D Gray
C White
C Chapman (appointed 1.6.23)
```
## **`Independent Examiner`**
```
P N van Dijk FMAAT
van Dijk Accountants Limited
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
```
```
Approved by order of the board of trustees on 18 October 2024 and signed on its behalf by:
```
```
D Gray - Trustee
```
```
Page 2
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF`**
## **`HALESWORTH AREA COMMUNITY TRANSPORT CIO`**
## **`Independent examiner's report to the trustees of Halesworth Area Community Transport CIO`**
```
I reportto the charitytrusteeson my examinationof the accountsof HalesworthArea CommunityTransportCIO (the
Trust) for the year ended 31 December 2023.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
P N van Dijk FMAAT
```
```
van Dijk Accountants Limited
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
```
```
18 October 2024
```
```
Page 3
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`STATEMENT OF FINANCIAL ACTIVITIES`**
## **`for the Year Ended 31 December 2023`**
|||`31.12.23`|`31.12.22`|
|---|---|---|---|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`|`£`|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`||`17,020`|`28,159`|
|`Investment income`|`2`|`1,556`|`321`|
|`Other income`||`39,201`|`33,788`|
|**`Total`**||`57,777`|`62,268`|
|**`EXPENDITURE ON`**||||
|`Costs`||`57,991`|`53,270`|
|`Depreciation`||`(4,147)`|`17,181`|
|**`Total`**||`53,844`|`70,451`|
|**`NET INCOME/(EXPENDITURE)`**||`3,933`|`(8,183)`|
|**`RECONCILIATION OF FUNDS`**||||
|`Total funds brought forward`||`124,505`|`132,688`|
|**`TOTAL FUNDS CARRIED FORWARD`**||`128,438`|`124,505`|
```
The notes form part of these financial statements
```
```
Page 4
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`STATEMENT OF FINANCIAL POSITION`**
## **`31 December 2023`**
|`31.12.23`
`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`5`
`63,135`
**`CURRENT ASSETS`**
`Debtors`
`6`
`3,309`
`Prepayments and accrued income`
`5,954`
`Cash at bank and in hand`
`58,698`
`67,961`
**`CREDITORS`**
`Amounts falling due within one year`
`7`
`(2,658)`
**`NET CURRENT ASSETS`**
`65,303`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`128,438`
**`NET ASSETS`**
`128,438`
**`FUNDS`**
`8`
`Unrestricted funds`
`128,438`
**`TOTAL FUNDS`**
`128,438`|`31.12.22`
`Total`
`funds`
`£`
`51,842`
`4,575`
`5,269`
`65,827`
`75,671`
`(3,008)`
`72,663`
`124,505`
`124,505`
`124,505`
`124,505`|
|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon18October2024 and
were signed on its behalf by:
```
```
D Gray - Trustee
```
```
The notes form part of these financial statements
```
```
Page 5
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
```
```
Fixtures and fittings- 15% on reducing balance
Motor vehicles- 25% on reducing balance
```
## **`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.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`2. INVESTMENT INCOME`**
```
31.12.2331.12.22
££
Deposit account interest 1,556321
```
```
continued...
```
```
Page 6
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2023`**
## **`3. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2023 nor for the year
ended 31 December 2022.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
```
## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||
|---|---|
||`Unrestricted`|
||`fund`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Donations and legacies`|`28,159`|
|`Investment income`|`321`|
|`Other income`|`33,788`|
|**`Total`**|`62,268`|
|**`EXPENDITURE ON`**||
|`Costs`|`53,270`|
|`Depreciation`|`17,181`|
|**`Total`**|`70,451`|
|**`NET INCOME/(EXPENDITURE)`**|`(8,183)`|
|**`RECONCILIATION OF FUNDS`**||
|`Total funds brought forward`|`132,688`|
|**`TOTAL FUNDS CARRIED FORWARD`**|`124,505`|
```
continued...
```
```
Page 7
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the Year Ended 31 December 2023`**
|**`5.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 January 2023`
`Additions`
`Disposals`
`At 31 December 2023`
**`DEPRECIATION`**
`At 1 January 2023`
`Charge for year`
`At 31 December 2023`
**`NET BOOK VALUE`**
`At 31 December 2023`
`At 31 December 2022`
**`6.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Debtors`
`VAT`
**`7.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
**`8.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Fixtures`
`and`
`fittings`
`£`
`874`
`-`
`-`
`874`
`242`
`95`
`337`
`537`
`632`
`At 1.1.23`
`£`
`124,505`
`124,505`|`Motor`
`vehicles`
`£`
`84,167`
`27,645`
`(20,500)`
`91,312`
`32,957`
`(4,243)`
`28,714`
`62,598`
`51,210`
`31.12.23`
`£`
`1,136`
`2,173`
`3,309`
`31.12.23`
`£`
`2,658`
`Net`
`movement`
`in funds`
`£`
`3,933`
`3,933`|`Totals`
`£`
`85,041`
`27,645`
`(20,500)`
`92,186`
`33,199`
`(4,148)`
`29,051`
`63,135`
`51,842`
`31.12.22`
`£`
`1,170`
`3,405`
`4,575`
`31.12.22`
`£`
`3,008`
`At`
`31.12.23`
`£`
`128,438`
`128,438`|
|---|---|---|---|
```
continued...
```
```
Page 8
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2023`**
## **`8. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`57,777`
**`TOTAL FUNDS`**
`57,777`
**`Comparatives for movement in funds`**
`At 1.1.22`
`£`
**`Unrestricted funds`**
`General fund`
`132,688`
**`TOTAL FUNDS`**
`132,688`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`62,268`
**`TOTAL FUNDS`**
`62,268`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(53,844)`
`3,933`
`(53,844)`
`3,933`
`Net`
`movement`
`At`
`in funds`
`31.12.22`
`£`
`£`
`(8,183)`
`124,505`
`(8,183)`
`124,505`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(70,451)`
`(8,183)`
`(70,451)`
`(8,183)`|
|---|---|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.1.22`
`£`
`132,688`
`132,688`|`Net`
`movement`
`in funds`
`£`
`(4,250)`
`(4,250)`|`At`
`31.12.23`
`£`
`128,438`|
|---|---|---|---|
||||`128,438`|
```
continued...
```
```
Page 9
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the Year Ended 31 December 2023`**
## **`8. MOVEMENT IN FUNDS - continued`**
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`120,045`|`(124,295)`|`(4,250)`|
|**`TOTAL FUNDS`**|`120,045`|`(124,295)`|`(4,250)`|
## **`9. RELATED PARTY DISCLOSURES`**
```
HalesworthAreaCommunityTransportLimitedceasedtotradeon31/12/20andtheretainedearnings were
introduced into Halesworth Area Community Transport CIO on 01/01/21.
```
```
Page 10
```
```
HALESWORTH AREA COMMUNITY TRANSPORT CIO
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2023`**
||`31.12.23`|`31.12.22`|
|---|---|---|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Grants`|`-`|`3,000`|
|`Sponsorship`|`1,080`|`11,050`|
|`Donations`|`15,533`|`12,134`|
|`Fuel duty rebate`|`407`|`1,975`|
||`17,020`|`28,159`|
|**`Investment income`**|||
|`Deposit account interest`|`1,556`|`321`|
|**`Other income`**|||
|`Concessionary fares`|`12,884`|`12,011`|
|`Group fares`|`26,317`|`21,777`|
||`39,201`|`33,788`|
|**`Total incoming resources`**|`57,777`|`62,268`|
|**`EXPENDITURE`**|||
|**`Costs`**|||
|`Insurance & licences`|`6,260`|`5,383`|
|`Repairs & maintenance`|`15,638`|`15,619`|
|`Vehicle hire`|`4,263`|`2,826`|
|`Fuel`|`11,329`|`12,363`|
|`Record keeping & admin`|`11,053`|`10,381`|
|`Telephone`|`1,242`|`1,142`|
|`Postage and stationery`|`818`|`855`|
|`Sundries`|`1,518`|`1,242`|
|`Accountancy`|`800`|`800`|
|`Office costs`|`2,214`|`1,757`|
|`Driver training`|`1,492`|`107`|
|`Repairs & renewals`|`1,364`|`693`|
|`Bank charges`|`-`|`102`|
||`57,991`|`53,270`|
|**`Depreciation`**|||
|`Fixtures and fittings`|`95`|`111`|
|`Motor vehicles`|`16,257`|`17,070`|
|`Profit on disposal of vehicle`|`(20,499)`|`-`|
||`(4,147)`|`17,181`|
|`Total resources expended`|`53,844`|`70,451`|
|**`Net income/(expenditure)`**|`3,933`|`(8,183)`|
```
This page does not form part of the statutory financial statements
```
```
Page 11
```