REGISTERED CHARITY NUMBER: 1189556 

REPORT OF THE TRUSTEES AND 

UNAUDITED[FINANCIAL][STATEMENTS] 

FOR THE YEAR ENDED 31 DECEMBER 2024 

FOR 

HALESWORTH AREA COMMUNITY TRANSPORT ClO 

Mellor Accountancy 12 Torver Close Great Natley Essex CM77 7XD 



HALESWORTH AREA COMMUNITY TRANSPORT ClO 

for the Year Ended 31 December 2024 

|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|2|
|Independent Examiner's Report||3||
|Statementof Financial Activities||4||
|Statement of Financial Positian||5||
|Notestothe Financial Statements|6|to|10|
|Detailed StatementofFinancial Activities||it||





## HALESWORTH AREA COMMUNITY TRANSPORT ClO 

## REPORT OF THE TRUSTEES far the Year Ended 31 December 2024 

> The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 

> The trustees have adopted the provisions of 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 freland (FRS 102) (effective 1 January 2019), 

## OBJECTIVES AND ACTIVITIES 

Objectives and aims 

The objective of the charity is to provide an affordable bus service to the inhabitants of the local community who are in need of such a service because of age, sickness ar disability (mental or physical) or poverty or lack of availability of adequate[and] safe public transport services 

Halesworth Area Community Transport Limited operated as an association under the Co-operative and Community Benefit Societies Act 2014 until 31 December 2020. On 1 january 2021 it transferred the assets and liabilities of that entity to the[CIO.] 

## ACHIEVEMENT AND PERFORMANCE 

Charitable activities for the public benefit 

During 2024 we have had donations of £20,000 from Central England Co-op. £600 from[Broadway] Colours. £372 raised by the Halesworth Golf Club Seniors. A grant of £854 from East Suffolk Council to help with driver training. We also have yearly support and many local people who give generously. Without this continued support[HACT][would] struggle to operate[in][these] economically challenging times. 

- Overall Mileage for HACT: 30,683 miles (Three buses combined) 

- Overall Mileage far SBCB: 17,446 miles (Southwold and Reydon Service) 

Passenger Journeys 

- e =Route 511: 5902 (mainly concessionary shapping and[social] visits) 

- « About S% of passengers were fare paying adults and children. 

- « Sole Bay Community Bus : 1,946 (mainly concessionary shopping and social visits) 

- *® About 5% of passengers were fare paying adults and children. 

- © Overall passenger journeys for 2024: 20,188 

   - Community Hires 

- « 156 Community Hires completed for HACT 

Halesworth Area community Transport has found 2024 a difficult year with the removal of the[D1] from driving licences now beginning to take effect on the drivers wha would like to be volunteers, We are fighting this through our local government[and][the] government itself[but][to] no[avail.] The removal of the D1 means that anyone who passed their driving test after 1997 can na longer drive a minibus. This is also becoming a problem with the removal of the D1 category at 70 years of age. A 70 year old now[has] to attend a full medical and eyesight test[if] they tick the box to retain the D1. This then has to be repeated every 3 years onwards. This and the added cost of insurance for over 70 driversis limiting our ability to recruit and retain drivers, Without drivers, there is no community bus service. There is no amount of funding that can change this. Our only hope is that the government rethinks the reasoning behind the removal of the D1 category ar offers and alternative for community transport providers. 

## FINANCIAL REVIEW 

Financial position 

> The resuits 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 2024 

STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management 

theofThemonitoringCharity.Trustees haveand controllingdiscussed thetherequirementfinancial, reputational, ofa risk strategystatutoryand andbelievelegalthatand theyoperationalhave adequate risks applicablemethodsto 

> REFLCRENCE AND ADMINISTRATIVE DETAILS 

Registered Charity number 1189556 Principal address Station Building Station Road Halesworth Suffolk P19 8BZ Trustees DR Pring {Chair} JD Giles CL Ryan MBE D Plater D Gray C White C Chapman independent Examiner Mellor Accountancy 12 Torver Clase Great Notley Essex CM?7? 7XD 

ApprovedD Gray —byTrusteeorder of the" board of trustees OF veccccccsccsscssssctessscscocrvece and signed onits behalf by: - 7 "AS eos ere[Ae] D Gray - Trustee 

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## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HALES WORTH AREA COMMUNITY TRANSPORT CIO 

## Independent examiner's reportto the trustees of Halesworth Area Community Transport ClO 

> | report to the charity trustees on my examination of the accounts of Halesworth Area Community Transport ClO (the Trust) for the year ended 31 December 2024, 

## Responsibilities and basis of report 

> As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance witn the requirements[of] the Charities Act 2011 (‘the Act'}. 

> | report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145(5}(b) of the Act. 

Independent examiner's statement 

Ihave completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause ta believe that in any material respect: 

1. accounting records were nat 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. 

> | have no concerns and have come across no other matters in connection with the examination to which attention should be drawnin this report in order to enable a proper understanding of the accaunts to be reached. 

Mellor Accountancy 12 Tarver Close Great Notley Essex CM?77 7XD 

see29.[OF] =...[2025] 

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## HALESWORTH AREA COMMUNITY TRANSPORT CIO 

> STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024 

|||||31.12.24|31.12.23|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|£|£|
|INCOME AND|ENDOWMENTS FROM|||||
|Donations and|legacies|||25,113|17,020|
|Investment income||||1,838|1,556|
|Other income||||42,486|39,201|
|Total||||69,437|57,777|
|EXPENDITURE|ON|||||
|Costs||||60,547|57,991|
|Depreciation||||15,786|(4,147)|
|Total||||76,333|53,844|
|NET<br>INCOME/(EXPENDITURE}||||(6,896)|3,933|
|RECONCILIATION OF FUNDS||||||
|Total funds brought forward||||128,438|124,505|
|TOTAL FUNDS|CARRIED|FORWARD||121,542|128,438|



> The notes form part of these financial statements 

Page[4] 



## HALESWORTH AREA COMMUNITY TRANSPORT CIO 

## STATEMENT OF FINANCIAL POSITION 31 December 2024 

|||31.12.24|31.12.23|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
|FIXED ASSETS|Notes|£|£|
|Tangible assets|5|47,726|63,135|
|CURRENT ASSETS||||
|Debtors<br>Prepayments and accrued incame<br>Cash at bank and in hand|6|3,784<br>-<br>70,032|3,303<br>5,954<br>58,698|
|||73,816|67,961|
|CREDITORS||||
|Amounts falling due within one year|7|-|(2,658)|
|NET CURRENT ASSETS||||
|||73,816|65,303|
|TOTAL ASSETS LESS CURRENT LIABILITIES||122,542|128,438|
|NET ASSETS||||
|||121,542|128,438|
|FUNDS|8|||
|Unrestricted funds||121,542|128,438|
|TOTAL FUNDS||||
|||121,542|128,438|



signedThe financialon its behalfstatementsby: were approved by the Board of Trustees and authorised for issU@ OM cece. and were 2.2 19. ()) dager re . A Org D Gray - Thistee I i! 

The notes form part of these financial statements 

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## HALESWORTH AREA COMMUNITY TRANSPORT ClO 

## NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2024 

## ACCOUNTING POLICIES 

> Basis of preparing the financial statements 

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102} ‘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)’, Financial Reporting[Standard] 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial staternents have been prepared under the historical cast convention. 

## Income 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it ts probable that the income will be received and the amount can be measured reliably 

## Expenditure 

> Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation cammitting the charity to that expenditure, it[is] probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related ta the category. Where costs cannat be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## Tangible[fixed] assets 

Depreciation is provided at the fotlowing annual rates in order to write off each asset over its estimated useful life. 

Fixtures and fittings Motor vehicles 

> - 15% on reducing balance 

> - 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. 

Restricted funds can only be used for particular restricted purposes[within][the][objects][of][the] charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## INVESTMENT INCOME 

Deposit account interest 

31.12.24 31.12.23 £ £ 1,838 1,556 

continued... 

Page[6] 



## HALESWORTH AREA COMMUNITY TRANSPORT[CIO] 

## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024 

## TRUSTEES’ REMUNERATION AND BENEFITS 

There were no trustees’ remuneration or other benefits for the year ended 31 December 2024 nar for the year ended 31 December 2024. 

## Trustees' expenses 

There were no trustees’ expenses paid for the year ended[31] December 2024 nor for the year ended 31 December 2023. 

## CONIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 

|||Unrestricted|
|---|---|---|
|||fund|
|||£|
|INCOME AND ENDOWMENTS|FROM||
|Donations andlegacies||25,113|
|Investment income||1,838|
|Other income||42,486|
|Total||69,437|
|EXPENDITURE ON|||
|Casts||60,547|
|Bepreciation||15,786|
|Total||76,333|
|NET INCOME/(EXPENDITURE}||(6,896)|
|RECONCILIATION OF FUNDS|||
|Tatal funds brought forward||128,438|
|TOTAL FUNDS CARRIED FORWARD||121,542|



continued... 

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## HALESWORTH AREA COMMUNITY TRANSPORT CiO 

## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024 

|TANGIBLE<br>FIXED ASSETS|TANGIBLE<br>FIXED ASSETS|||||
|---|---|---|---|---|---|
||||Fixtures|||
||||and|Motor||
||||fittings|vehicles|Totals|
||||£|£|£|
|COST||||||
|At 1 January 2024<br>Additions|||874<br>377|91,312<br>-|92,186<br>377|
|Disposals||||||
|At 31 December 2024|||1,251|91,312|92,563|
|DEPRECIATION||||||
|At lJanuary 2024<br>Charge for year|||337<br>137|28,714<br>15,649|29,051<br>15,786|
|At 31 December 2024|||474|44,363|44,837|
|NET BOOK VALUE||||||
|At 31 December 2024|||778|46,948|47,726|
|At 31 December 2023|||537|62,598|63,135|
|DEBTORS:<br>AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
|||||31.12.24|31.12.23|
|||||£|£|
|Debtors||||1,275|1,136|
|VAT||||2,509|2,173|
|||||3,784|3,309|
|CREDITORS: AMOUNTS|FALLING|DUE WITHIN ONE YEAR||||
|||||31.12.24|31.12.23|
|||||£|E|
|Trade creditors||||-|2,658|
|MOVEMENTIN FUNDS||||||
|||||Net||
|||||movement|At|
||||Atl.124|in funds|31.12.24|
||||£|£|£|
|Unrestricted funds||||||
|Genera! fund|||128,438|(6,896)|121,542|
|TOTAL FUNDS|||128,438|{6,896}|121,542|



Page 8 

continued... 



## HALESWORTH AREA COMMUNITY TRANSPORT CIO 

## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended[31] December[2024] 

## MOVEMENT IN FUNDS- 

> Net movement in funds, included in the[above] are as follows: 

|Net movementin funds, included in the aboveare as|follows:|||
|---|---|---|---|
||Incoming|Resources|Mavement|
||resources|expended|in funds|
||£|E|€|
|Unrestricted funds||||
|General fund|69,437|(76,333)|(6,895)|
|TOTAL FUNDS|69,437|(76,333)|(6,896)|
|Comparatives for movementin funds||||
|||Net||
|||movement|At|
||At 1.1.23|in funds|31.12.23|
||£|£|£|
|Unrestricted funds||||
|General fund|124,504|3,933|128,438|
|TOTAL FUNDS|124,504|3,933|128,433|



Comparative net movement in[funds,] included[in][the][above][are] as[follows:] 

|Comparative net movementin funds, includ|ed in the above areas follows:|||
|---|---|---|---|
||Incoming|Resources|Mavement|
||resources|expended|in funds|
||£|£|£|
|Unrestricted funds||||
|Generalfund|87,777|(53,844)|3,933|
|TOTAL FUNDS|57,777|(53,844)|3,933|



Acurrent year 12 months and prior year[12] months[combined] positionis as[follows:] 

|Acurrent year 12 months and prior year 12|months combinedpositionis as follow|s:||
|---|---|---|---|
|||Net||
|||movement|At|
||At1.1.22|in funds|31.12.23|
||£|£|E|
|Unrestricted funds||||
|General fund|124,505|3,933|128,433|
|TOTAL FUNDS|124,505|3,933|128,438|



continued... 

Page 9 



## HALESWORTH AREA COMMUNITY TRANSPORT ClO 

## NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2024 

## MOVEMENT IN FUNDS- continued 

> A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||E|£||
|Unrestricted funds||||
|General fund|S7.777|(53,844)||
|TOTAL FUNDS|87,777|(53,844)||



RELATED PARTY DISCLOSURES 

Halesworth Area Community Transport Limited ceased to trade on 31/12/20 and the retained earnings were introduced into Halesworth Area Community Transport ClO on 01/01/21. 

Page 10 



## HALESWORTH AREA COMMUNITY TRANSPORT CIO 

||DETAILED|STATEMENTOF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|
||for the Year Ended 31 December 2023||||
||||31.12.24|31.12.23|
||||£|£|
|INCOME AND ENDOWMENTS|||||
|Donations and legacies|||||
|Grants|||||
|Sponsorship|||10,550|1,080|
|Donations|||14,563|15,533|
|Fuel duty rebate|||844|407|
||||25,957|17,020|
|investment income|||||
|Deposit account interest|||1,838|1,556|
|Otherincome|||||
|Concessionary fares|||8,541|12,884|
|Groupfares|||33,099|26,317|
||||43,480|39,201|
|Total incoming resources|||69,437|57,777|
|EXPENDITURE|||||
|Costs|||||
|Insurance & licences|||7,237|6,260|
|Repairs & maintenance|||19,246|15,638|
|Vehicle hire|||4,185|4,263|
|Fuel|||9,551|11,329|
|Record keeping & admin|||11,795|11,053|
|Telephone|||845|1,242|
|Postage<br>andstationery|||225|818|
|Sundries|||67|1,518|
|Accountancy|||1,032|800|
|Office costs|||5,152|2,214|
|Driver training|||807|1,492|
|Repairs & renewals|||404|1,364|
|Bank charges|||||
||||60,547|$7,991|
|Depreciation|||||
|Fixtures and fittings|||137|95|
|Motar vehicles|||15,649|16,257|
|Profit on disposal of vehicle||||(20,499)-|
||||15,786|(4,147)|
|Total resources expended|||76,333|53,844|
|Net income/(expenditure)|||(6,896)|3,933|



> This page does not form part af the statutory financiai statements 

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