Company Registration Number.. 01509231 Charity Number 280698 BRENT COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 MARCH 2025 GOLDWINS Chartered Accountants & Statutory Auditor 75 Maygrove Road West Hampste8d London NW6 2EG
BRENT COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2025
The trustees, who are also directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
| Registered charity name | Brent Community Transport |
|---|---|
| Charity registration number | 280698 |
| Company registration number | 01509231 |
| Registered office | Office 301 |
| 10 Courtenay Road | |
| East Lane Business Park, Wembley | |
| London HA9 7ND | |
| Trustees | |
| The trustees who served the charity | during the period were as follows: |
| Moses (Resigned on 31 August 2025) | |
| Nola Slater | |
| Samantha Michele Banton | |
| Cynthia Artry | |
| Kevin Griffith (appointed on 10 September 2024) | |
| Joyce Inoniyegha (appointed on 10 June 2025) | |
| Auditor | Goldwins Limited |
| 75 Maygrove Road | |
| West Hampstead | |
| London | |
| NW6 2EG | |
| Bankers | National Westminster |
| Kingsbury (A) Branch | |
| 567 Kingsbury Road | |
| London, NW9 9EP | |
| Solicitors | Withers LLP |
| 16 Old Bailey | |
| London EC4M 7EG |
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BRENT COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The charity is nStituted as a company limited by guarantee and is therefor8 governèd by Memorandum and Articles of Association. dated 25th July 1980 and also registered with the Charity st Commissioners on 21 August 1980. Appolntment, Induction & tralnlng of Trustees All members are circulatod with invitations lo nominate trustees prior to the AGM advislng them of the retiring Iruslees and requesting nominations for the AGM. When considering co-opting Iruslees, th8 Board has regard lo the requirement for any Specialist skills needed. Organisatlon The charity is organised so that the directors meet regularly lo manage its affairs. The day to tjay management of the organlsallon is overseen by the Chlef Exeeullve Offlcer (ln the procgss of re¢ruilingl and supported by a group ol commllled staff. Thfr Management Commltloe aro responslble for: Ensuring good govgrnance ol the charity Overall management of thè charity Oversee the budget lor the year Approving 8ignalorie$ lo the bank aeKounl8 OBJECTIVES AND ACTIVITIES The company is r&gisl8red as a charllabl8 Gompany limllod by gu8ranlee and was sat up by Memorandum of Association. The principal object of tha company is lo provide and lo prornote the eaucalion and reliève the need. hardship, distress, sickn888 8nd mental or physical disabilitigs of persons resident or working In the London Borough of Brent 8niJ ils surroun(Jing dislricls.. 1. Providing transport for su¢h pgrsons or for the removal and storage ol their goods and ¢hotlel8'. 2. Providing transporl for slalulory aulhori1l08 or voluntary organisalions that are engoged in promollng such education and providing such relief., 3. Distributing to needy persons furniture which has bèen donated lo Community Transport for that purpose. Since the forrnation of the charity much has changed such as the lack ol soci81 housing since Many social house holders exercised their right lo buy their dwelling, under the Right lo Buy schgmo, the demographic ch8nge has had an impact on the community's resources, inlrastructurg. and overall developm8nl. The rnake-up of the populatad is clèar lo see as one group move out and a new grtsup move in. We are no longer (unless things change in the lulurel providing a removal service for chattels and storage of furniture, and therefore we don't distribute furnituro anymore. Notwlhstanding our transport I minibus) services is still robust as ever. PUBLIC BENEFIT We have referred lo the guidance contained in the Charity Commissions general guidance on publi bènefit when reviewing our aims and objectives and in planning our future services. In particular the board ol trustees consider how our planned strrvices will contribute lo the aims and objectives they have sel. Organi5ation Mission Statement & Summary of Activities Our mission is lo help over¢ome so¢ial ex¢lu5ion experienced by the more dis8¢Jv8nlaged persons in our community by providing affordable and accessible transport lo.. disabled. elderly and needy individuals, voILJnlary & community organisalions. Day cenlres, Nursing Homes, places of worship, Youth clLibs, statutory and olheT organisalions in order lo make a difference & benefit the communities, disabled. elderly, young and other member and tJ$6rs of th8 servi¢8S. We aim to provide svslainable transport solvlion$ 8nrJ are continuously monitoring the effects of our organization on the environment by pulling in place rneasures to reduce our carbon foolprinl.
BRENT COMMUNITY TRANSPORT COMPANY LIMED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Risk management We continue to review our risk management strategy.. al An annual review of the risks the charity may face., bl The establishment of systems and procedures to mitigate those risks identified in the plan.. cl The implomenlalion of procedures designeé lo minirnise any potential impact on the charity should those risks materialiso. dl All Trustees and decision-making managers should declare & sign conflict of interest. The Trustees have analysed the risk of charity operations lo identify possible risks and accordingly take required actions or have plans in place lo tackle the risks. The table below identifies possible risks and actions taken for minimizing loss by the charity. Charity premises (rental from Premises remain a major risk as competition and demand for land in the borough become more acute with developers competing Wlth business units and housing stocks. The severe shortage of choice in this area means we are at the mercy of the landlords as the rent Is ever increasing. due lo the overall economic challenges and the ever diminishing land available to park our vehicles. private Landlord) Shortage of Drivers & Staff Oriver shortaggs are Still 8 concern for the organisalion, and across the transport sector generally. The shortage of drivers has without doubl driven salary costs up and il's Sn this area that rnay prove challenging. During the year we have h8d to ulilize an agency to cover some contracts which of course are at a higher cost. Credit Risk Management The charity does not have any material doubtful debtors at the balance sheet dale and all trade debtors are recoverable A¢¢ès*ible vehicle5 & Operations Our fleet Df vehicles is of the highest spe¢ifi¢alion, and all are within the five- year replacement programme. Al the vehicles are fitted with a live vehicle tracking device which gives us real lime access to the location of our vehicles, where they ar8 going, how fast they are Iravelling and how far they ar8 from the next pick-up destination. Group Transport Group transport remalns the only service we currentty provide. The demise ofthe ComRide service, and the Community Care Scheme where we provide door to door IlndSvidual} a¢¢essible transport for people who cannot use public transport due lo the lack of funding. Based on the nurnber of phone calls we still rè¢eivg. the demand for this type of services is very much need but du¢ to constraint on the public (local authorilyl purse their prioritising of funds, we not al this stage in a position to r&float the soNi¢e prosenuy.
BRENT COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 S¢hool Bus seiCe We continue to provide School bus services to the community and educational organisalions such as schools who are registered charities and or have continuous charitable activities Ifoundalion. Oial-A-Ride London Dial a Ride IOARI is Transport lor London scheme providing accessible door to door transport. It is non-chargeable service available to people who have a permanent or long term mobility limilalion. Local Authority- Brent Council BCT work closely with the local authority to provide specialized accessibl8 transport lo day centres and special needs school. Training 8CT prides itself on ensuring that the workforce is fully trained up as possible. A skilled slaff group (office and drivers) minimise the risks when providing services.. and as a consequent reduce any potential legal issues. We regularly review and update drivers CPC and Minibus Driver and Assessment Scheme (MIDAS) training and Passenger Assistant on PATS training. This help to fomi part of our external assessment by FORS and ISO 1501 FINANCIAL REVIEW Greater scrutiny over our finances is always at the forefront of our minds, especially in the evef tightening Inalional and globall economic constraints. The number of runs we previously covered has fallen therefore a decrease in income will be fell. Naturally, the desire and aim are to source additional contracts and service5 whereby we can rebuild our reserves and to continue to rneet our obligations to payin9 competitive salaries and improve the fabric of our OTganisalion.' replacement of vehicles. The lull financial slate of the org8nisalion can be obtained from our audited accounts. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees Iwho are also the directors of Brent Community Transport for the purposes of company lawl are responsible for preparirig the Trustees Annual Report and the financial statemenis in accordance with applicable law and regulations. Company law reqtJir¢s the trustees lo prepare finan¢ial Statements for each financial year. Undei that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Pra¢tiee Iunited Kingdom Accounting Standards and applicable lawl. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expendilure of the charity for that period. In preparing thes$ financial stslements, the trustees are roquired to.. select suitsblg a¢¢ounting policies and then apply them Consistently., observg the methods and prin¢ip185 in th8 Charitiès SORP FRS102'. make judgements and accounting estimates that are reasonable and prudent., an prepare the financial statements on the going Concern basis unlèss it is inappropriate lo presume that the charity will continue in operation.
BRENT COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Th9 trusl&&s are responsible for koeping adequate accounting records that are sufficient lo show and explain the charity's Iransaclions and disclose with reasonable accuracy at any tim8 thfj financial position of the charity and enable them lo ensurg Ihal the financial statements Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence lor taking r8ason8ble steps for the prevention anoj dètection ol fraud and other irregul8rilie5, AUDITOR Each of the persons who is a trustee 81 the dale of approval of this report confirms Ihal.. 80 far a5 each trustee Ss aware, therè is no r81gvant audit Inforrnallon of which the charity's auditor is unaware.. and tsach trustee has taken all steps that they ought lo have taken as a trustee lo make them self aware of any rel8vanl audit information and to establish that the charity's auditor is aware of that information. The report was approvgd by the truste88 en .16. •12 .Sand approvod on Ihelr behalf by.. Sam8nlha Miehelo Banlon Trustee
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BRENT COMMUNITY TRANSPORT Opinlon We have audited the financial slalemenls of Brenl Community Transport for the year ended 31 March 2025 which comprise the Slalemenl of Financial Activities, the Balance Sheet, slalemenl of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in th8 UK and Republi¢ ol Ireland (United Kingdom Generally Accepted Accounting PractlCo1. Oplnlon on flnan¢lal statèmonts In our opinion the financial slal8menls'. give a true and fair vi6W ()1 the state of the charitable comp8ny'$ 8ffalrs as al 31 March 2025 and of ils incomè and expenditure tor the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepl8d Accounting Practice.. and have been prepared in accordance with the requirements of the Companles Act 2006. Bas18 for oplnlon We conducted our audit in accordance with Inlern81ional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's re5ponsibililies for the audit ol the financial slalemenls section ol our report. We arg ind&pendenl ol the Charity In accordance with the ethical requirements th81 are relevant lo our audit ol the financial statomenls In the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responslbllllle8 Sn accordance with those r¢quirements. We bglltsve that the audit evidence we have obtained is sufflcienl and approprialg to provid9 a basis for our opinion. Con¢lu$lon$ relatlng to going concern In audiling th8 financial slalemenls, we hav8 Goncluded Ihal Ihe Irusle8s' use ol the golng concem basls of accounting In the preparation ol the flnanclal $ialgments is approprlale. Based on the work we have performed. we havg not id9ntiligd any malerlal unc8rtainli88 relating lo evenl6 or conditlons that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern lor a perlod of al least twelve month5 from whèn the financial statements re authorSs&d lor Issue. Our responsibilllles and the responslbilllies of the dlreclor8 with r88pe¢l to going concern 8re descrfbed In the relevant sections ol this report. Other Inlormatlon The Iruslees a responslble lor the other Informallon. The other Informatlon comprfses the information included in tho annual report other than the financi81 slalemenls 8nd our auditor'5 report Ihergon. Our opinlon on Ihg financial slalements does not cover Ihg other information and. except lo the &xtent otherwis8 explicitly stated in our report, we do not express any form ol assurance conclusion Ihereon. In connection with our audit of the financial stBtemenis, our r8sponsibility is lo rèad the other information and, in doing so, Consider whether the other Informatlon Is matedally inconsistent with Ihe financial slal8mgn¢s or our knowledge oblalned in the audit or otherwise appears lo be materially misslaled. If we identify such m81erial incon8istsncie8 or apparent mal8ri81 misstslemenls, we ar& required lo detemine whether the is a material misslalement in the financial statements or a material misstatement ol the other information. If, based on the work we have performed, we conclude that there is 8 m8téri81 misstatèment of this other information. we are reqUId to report Ihat fact. We have nothing to report in this rogard.
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BRENT COMMUNITY TRANSPORT Opinion on other matter prescrlb•d by the Companles Act 2006 In OLJr opinion, based on the work undertaktsn in the course of the audit.. thè information given in the Iruslees. report {incoTporaling the directors. report) for the financial year for which the financial statements are prepared is consislenl with the financial slalemanls.. and the Iruslees. report lincorporaling the directors. report) have been prepared in accordance with applicable legal requirements. Matters on whlch we are rtrqulrtrd lo rtrport by excoption In the light of the knowledg¢ and understandlng ol the Charity and Its environment ob¢8ined in the course of the audit. we have not identified material misstatements in tha Truste6s' Annual Report. We have nothing lo report In respect of the following rnallers where the Companies Act 2006 requires us io report to youll. In our oplnlon.. adèquatè aceounling records have not been kept or returns adequate for our audit have not bèèn received from branches not visited by us., or the financial stalom9nl$ are nol in agrggmonl wilh the a¢counling records and returns., or c&rtaln disclosures ol Iruslees, remuneration specified by law are not made., or we have not receSved all the Informallon and explanations we require for our audlt. ResponslbllStl•s of th• truste•s As explainad more fully in the Tru$l&os' Respon5ibili1105 Slalement, the Iruslees (who are also tho directors ol the charilablg company for tho purposes of company lawl are responsible lor the preparation of the flnanclal slalemenls and for b8lng salisligd that they give a truo and fair vi9w and for such internal control 88 they determine Is n8coss8ry lo enable the prep8rallon of financlal slalements that are fr90 from materlal mlsstatemonl. whether due lo fraud or error. In preparing the financial slalemen15, the trustees 8re responsible for assgsslng the Charfty's ablllty to continue as a going concern, disclosing, as appllcable, mattgrs rololed to going concern and using thè going concern basis of accounllng unless Ihe Irustees ellher Intend to Ilquidale the Charity or lo caase operations, or have no reallslic alternative but lo do so. Our responslbilltl•s for thè audlt of thg financlal statements Our objectives are lo obtain rè8son8ble assurance about whether the financi81 $181om8nts as a whole are Iroe from material misslalemenl, whether due to fraud or error, and to issue an audllor's report Ihal includes our opinion. Reasonable 8ssuranc8 is a high lavel ol assurance. bul is not 8 gu8ranlee Ihal an audit conducted in accordance with ISAS IUKI will always detect a material misslalemenl when11 exists. Misstatements can arise from fraud or error and are considered material il, individually or in the aggregate, they could reasonably be expèctèd to influence the economic decisions of users taken on th8 basis of Ihesg financlal statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, lo delect material misslalemenls in r8specl of irregularities, including fraud. The exlenl lo which our procedures are capable of delecling Irregularilias, Including fraud are set out below. In idantifying and assessing risks of m8t8ri81 misgtxlemenl in respect of irregularities. includlng froud and non-compliance with laws and regulations, our procedures included the following.. We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to.. Delecling, evaluating, and complying with laws and regulations and whether they werg aware of any instances of non-compliance., Detecting DI the risks of fraud and responding whether they have knowledge of any actual or suspected fraud.,
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BRENT COMMUNITY TRANSPORT We obtained an understanding ol the legal and regulatory framèwork that the charity operates In, focusing on those laws and regulations that had a material effect on the financial statements or that had a fijndamentsl effect on the operations ol the charity from our professional and sector experience. We performed analytical procedures lo delect any unusual or unexpected rglalion5hips that may indicale risks of material misslatemenl due to fraud. Because of the inherent limitations of an audit, ther8 is a risk that we will not deteel all irregularities, including those leading lo a material mi5slalemenl in the financial slalemenls or non-compliance with regulation. The risk is also greater regarding irregularities occurring lo fraud rather than error, as fraud involves intentional concealment, forgery, coSlusion, omission or misrepresenlalion. A further description of our responsibilities for the audit ol the financial slalemenls is located on the Financial Reporting Council's website al.. Iwww.Irc.org.uklauditorsresponsibililiesl. This description forms part of our auditor's report. U84 ol our rtport This report is made solely lo the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. our audit work has been undertaken so that we rnighl st8le lo the charity's members those mallers we are required to slate lo Ihew in an auditor's report and lor no other purpose. To the fullest exlenl permill8d by law, we do not accept or assume responsibility to anyong Other than the charity and the charity's members as a body, for our audit work, lor this report. or for the opinions we have formed. Anthony Epton (Senlor Statutory Audltorl for and on bohalf of Goldwins Llmlled Statutory Audllor Chartor¥d A¢countants 75 Maygrovg Road West Hampsl•ad London NW6 2EG Date.. 19 December 2025
Brent Community Transport Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2025 2025 2025 Unrestrlcted Restricted funds funds 2025 Total funds 2024 Total funds Notè Income from.. Donations Charllable activities.. GH, D-2-0 ComRide Community Bus & Membership Conlr8cI Transport Services School Transport Services Investment income 20,949 20,949 185.541 638.197 163,112 38 185,541 638,197 163,112 38 176.030 595.£79 250,301 48 Total Sn¢om• 1,007,837 1,007,837 1,022.058 Exp•ndlture on: Charitable acllvib'es,. GH. D-2-0 ComRSde & Memb8rshlp Community Car Scheme ICCSySocial Services P8 Contract Transport Services School Transport Services 165,874 165,874 180,189 3,839 682, 104 144.339 3,839 682,104 144,339 607,114 223,650 Totsl èxpend5ture 996,156 996,156 1,010,953 Ngt mov•ment In funds 11,681 11,681 11.105 Roconclllatlon of funds: Total funds brought forward 17 418,219 52,800 471 019 459,914 Total funds carrled lon¥ard 429,900 52,800 482,700 471,019 Ail of the above results are dedvad from continuing acllvltle8. There were no other recognised gains or losses oth8r th8n Ihosg slated above. The attached notes form part of th989 financial stalemenls.
Brent Community Transport Balance sheet As at 31 March 2025 2025 2025 2024 2024 Note Fixed assets: Tangible 8s5els Investments 10 11 270,612 289,676 270.613 289,677 Curr¥nt a55?ts: Debtors Cash at b8nk and in hand 12 262,650 75,764 338,414 227,692 84,919 312,611 Llabllllles., Crgdllors.. amounts falling due within ong yoar 114,162 108,900 Not currènl a$s•t8 224,252 203.711 Llabilitle5: Creditors.. amounts falllng dug aftgr more than one year 14 112,1651 122,3691 Total nat a$$•t• 482,700 471,019 Fund Restricted funds Unreslrlcled funds.. Revalualion General funds Total unreslricled fund5 17 52.800 52,800 167,000 262,900 167,000 251,219 429,900 418,219 Total funds 482,700 471,019 The financSal sl81omenls have been prepared in accordance with the special provisions for small companies under Part15 of th8 Companies Act 2006. Approved by the Iruslees on 18 December 2025 .and signed on their behalf by.. amantha Mlctteie Banlon ICha5rl Company reglJtration no. 01509231 The attached notes form part of the f1nancial statements. -10
Brent Community Transport Statement of Gash flows For the year ended 31 March 2025 Noto 2025 2025 2024 2024 Cash flow$ from operating activities: Nel cash provided by I lused inl operating activities 18 1,011 21,279 Cash flows from investing activlti•s= Inleresu renu dividends from investments Proceeds from the sale of propety.plant and equipment 38 48 15,000 Cash provided by I lus•d Inl investing a¢tivities 38 15,048 Cash flows from financing activities- Repayments of borrowing {10,2041 110,0181 Nel cash provided by (used inl financing activities 110,2041 110.0181 Change in cash and cash •qulval•nts In th& year 19,1551 26,309 Cash and cash equivalents at the beginning of the year 84,919 58,610 Cash and cash equivalent5 at the end of the year 19 75,764 84,919
Brent Community Transport Notes to the financial statements For the year ended 31 March 2025 1 Accountlng polS¢les 8asls of prfrparatlon The financial statements have been prepared in accordance with Accountin9 and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102 - effective 1 January 20151- ICharili&s SORP FRS 1021 and the Companies Act 2006. The charitable company meels the definition ol a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unles5 otherwise slated in the relevant accounting policy or note. Golng conc•m The trustees consider Ihat there gre no materi81 uncertainli88 about the charitable companls ability lo continue as a going con¢ern.The Iruslees do not consider that there are any sources of eslimalion uncertainly at the reporting date that have a significant risk of causing a material adjuslmenl lo the carrying amounts of assets and liabilities within the next reporti'ng period. Income Income is recognised when the charily has enlillemonl lo the funds, any performance condilions attached to the Income have begn mgt, It Is probable that the Sncome will be recelved and that the amount can be measured rallably. Income from government and other grants, whether 'capital' grants or 'revgnue' grants, is reGognis8d when the charity has enlillemenl lo the funds, any performance conditions 8118ched lo the gran15 have been met. il is probable that th8 income will be received and the amount can b8 measured reliably and is not deferred. Incomp received in advance for the provision of specified 5ervicg is delerred until the criteria lor incomo recognition are mel. For legacies. entitlement is taken as the earlier ol the dale on which either.. the charity is aware that probate has been gronted, the estat8 has been linalised and nolificalion has been made by the execulorlsl to Ihe charity that a distribution will be made, OT when a distribution 15 received from the eslale. Receipt of a legacy, in whole or In part, Is only considered probable when the arnounl can be measured reliably and the charity h8s been nolilied ol the exoculorfs Intention to make distribution. Whore legacies have been notified lo the charity, or the charity is aware ol the granting ol probate. and the criteria lor income recognition have not been mel, then the legacy is a treated as a conlingenl a5sel and disclosed if material. Donations of gift$, s•r¥le•s and facilltiès Donated professional services and donated facilities are recognised as income when the charity ha5 control over tho item or received the setvice, any conditions associated with the donation have been met, the receipt of economlc benefit from the use by the charity of the item is probable and that 8conomic benefit can be measured reliably. In a¢cordance with the Charities SORP IFRS 1021, volunle&r time is not recognised so refer lo the Irusloes, 8nnual report for more informallon 8boul their conlribulion. On receipt, donated gills, professional sorvices and donated facilities are recognised on the basis of the value of the gift to the charity which is th8 amount the charity would have bèen willing to pay to obtain services or facilities of equivalent economic benefit on the open m8rket.' 8 corresponding amount is then recognised in expenditurg In the period of Teceipl. -12
Brent Community Transport Note5 to the financial statements For the year ended 31 March 2025 1 A¢countlng policles l¢ontlnu&dl Interè$t recelvablo Interest on funds held on deptssil is included when receivable and the amount can be measurod reliably by the charity., this is normally upon notification of the interest paid or payable by Ihts bank. Fund accountlng Unrestricted funds are available lo spend on activities that further any ol the purposes ol chafily. Designated funds are unreslricled funds of the charity which the trustees have decided al their discretion lo sel asidè to Use for a spe¢ific purpose. Reslricled funds are donations which the donor has specified are lo be solely used for particular areas of the charity's work or for specific projec15 being undertaken by the charity. Expendlture and Irrè¢overable VAT Expenditure is recognised once there is a legal or conslrucllvè obligation lo make 8 payment lo third party, it is probable that settlement will be required and the amount ol the obligation can be measLJred reliably. Expenditure is classified under the following activity headings.. Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing Ihbrd parties lo make voluntary conlrlbulions lo It, as well as the cost of any a¢livlli88 with a fundraising purposè. Expenditure on charitable aclivilie5 Includes the costs ol dellvgring 8clivilies undertakon to further the purposes of tho charity and their associatod support costs. Other expenditure represents those itams not falling Into any olhor heading. Irrecoverable VAT is charged as a cost agalnsl thè activity for which the expenditure was incurred. Allo¢atlon of support ¢ost$ Support costs are those luncllons that assist the work of the charity bul do not directly undortake charitable aclivilies. Support costs include back office costs, finance, personnel, payroll and governance Costs which support the charity's aclivilies. The8e costs have boon allocated between cost of ralsing funds and exponditure on charltable aclivilies. Operating leases Rental charges are ¢harged on a slr8ighl line ba313 over the term of the lease. Tangible fixed assets Items of equipment are capilalised where the pur¢h8se price exceeds £1,000. Depreciatlon 18 provided at rates calculated lo writè down the Gosl of each asset to ils 881imaled residual value over its expected useful life. The d8preclalion ratès in u38 are as follows.. Fixtures and fittings Motor vehicles 20°A SL Slocks Stock is included al the lower of cost or net realisable value. Donated items of stock are recognisèd ( fair value which is the amount the charity would have been willing to pay lor the items on the open market. Debtors Trade and other debtors are cOgnISed at the 5elllemenl amount due after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. -13
Brent Community Transport Notes to the financial statements For the year ended 31 March 2025 1 A¢¢ountlng policies Icontinuedl Cash at bank and In hand Cash 81 bank and cash in hand includes cash and short term highly liquid investments with a short fllalurily of three months Dr less from the dale of acquisition or opening ol the deposit or similar account. CT?dltors and provlslons Creditors and provisions are recognised where the charily has a present obligation resulting from past event that will probably result in the transfer of funds lo a third p8rty and the amount due lo settle the obligation can be measurad or estimated reliably. Creditors and provisions are normally rgcognisgd al their settlement arnounl after allowing for any trade discounts due. Flnanclal In$twm•nts Th8 charity only has financial assets and financial Ilabililies of a kind that qualify 88 b881¢ financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their selllemenl value with the exception ol bank loans which are subs8qu8nlly measured al amortised cost using the efteclive inter051 method. P•nsion8 The chgrily conlribul83 lo a deflned contribullon pension scheme currently with Standard Lifo. The charlly's penslon policy is lo contribute lo the pension scheme lo match Individual slaff chosen contribution up lo 50/0 which will Cover pension legislation changes and the r6quiremenl. Also as per governmant introducad ponsion legislation, the charity's staging d8le for pension was 1. October 2015. The assets of the scheme 8re held separately from those of the charity in an independently adminiyterod fund. The monthly pension cost ¢harg88 to the finBncial $t81emgnl of the charity represents contributions payable under the scheme by the charity lo the fund. The chorily has no liability under the scheme other than for the payment of those ccjnlrfbullons. -14-
Brent Community Transport Notes to the financial statements For the year ended 31 March 2025 2 Detailed comparatives for the statement of financial a¢tivitie$ 2024 2024 Unrestricted Restricted Funds Fund¥ 2024 Total Funds Income from= Charitable activities.. GH, D-2-D ComRid8 & Membership Community Car Scheme ICCS). LB Brent Social Services PB Contract Transport Service5 School Transport Services Investments 176,030 176,030 595,679 250,301 48 595,679 2SO.301 48 Total income 1.022,058 1,022,058 Expenditurè on: Charitable aclivilies.. GH, D-2-D ComRide Community Bus & Membership Contract Transport Services School Transport Services 180,189 607,114 223,650 180,189 607.114 223,650 Total expenditure 1,010,953 1,010,953 Nèt mo¥•ment in funds 11,105 11,105 Total fund5 brought forward Total funds carrled forward 407,114 418.219 52,800 52,800 459.914 471,019 3 Income from donation & grants 2025 Total Unrestricted Restricted 2024 Total Unrestricted Re51ricled Donations Gran15 3.000 17,949 20,949 3,000 17,949 20,949 -15
Brent Community Transport Notes to the financial statements For the year ended 31 March 2025 4 Income from charitable 2025 Total Unrestricted Restricted 2024 Total Unrestricted Reslricled -D ComRi Community Bus & Membershi Membership GH, D.2-D ComRida Community 8us Total for Actlvlty 1 450 450 1,300 1.300 18S,091 185,541 185,091 185.S41 174,730 J76.030 174,730 176,030 Community Car Scheme ccs Isocial Services PB CommLJnity Car Scherne Total for Activlty 2 Contract Trans Contract Sales Dial-8-Ride Transport Total for Actlvity 3 ort Servl¢fy$ 216,759 421,438 638.197 216,759 421,438 638,197 172,082 423,597 595.679 172,082 423,597 595,679 School Trans School Runs Total for Acllvlty 4 ort Servl¢es 163,112 163,112 163,112 163,112 250,301 250,301 250,301 250,301 Total Income from charltablfr a¢tlvltle$ 986,850 986.850 1.022,010 1,022,010 S Income from Inv•8tm•nts 2025 Tot81 Unreslricled Reslricled 2024 Tot81 Unrestricted Reslricled Bank interest 38 38 38 38 48 48 48 48 -16
coooo Lrjoo (• ¢J N*• EEEE 1111 ooocj ti)ttQO<<ty)
¢* C) C% C+ )oc+ Ir> 171 000 roo 111 Il 1111 ocioo c ty c CL£ ii ZJ ttoo<< ro z LL
Brent Community Transport Notes to the financial statements For the year ended 31 March 2025 Net income I lexpondlturel for the year This is slated after charging I Icredilingl.. 2025 2024 Operating lease rentals.. Property Depreciation Loss I Iprofitl on dispos81 of fixed assets Auditor's remuneration.. Audit fees 91,778 19,064 84,648 19,064 6,400 5,400 5,400 AnalysSs of staff ¢o$ts. trust•• rernuneratlon and oxp•ns•$. and the cost of koy manag•m•nt personnel Staff costs wero as follows.. 2025 2024 Salariès and wages Social security costs Employer's contribution lo defined conlribullon pensien schemes 395,670 28,989 16,573 441,232 382,172 30,259 15.918 428,349 No employee recelved employee bgnefi15 lexcludSng employer penslonl during the year b9tWogn of more than £60,000. The total &mployoe bonellls Including pensSon contributions ol the key management pgrsonnel were nil 12024.. £NS11. The charity tru$t¢es were not paid or received any other beneflls from employment with the Charity or Ils 8LJbsidiary in the year12024.' Nill. Moses, thè Chair, provides free ol charge services to the charlly lor two days a week. He has not been reimbursed any Iravelling expenses12024.' Nil) or training expenses during the year 12024.. Nil) No charity Irusl8e received payment for professional or othgr seNiGes suppliod lo the ¢harity12024.' Nill. Staff numbern The av&rage number of employe88 Ih8ad count basèd on number of staff employedl during the year was as follows.. 2025 No. 22 22 2024 Transport services 24 24 Taxatlon The chariiable company is exempt from corporation lax as all its income is charitable and 13 applied for charitable purposes. -19-
Bnt Community Transport Notes to the financial statements For the year ended 31 March 2025 10 Tangible fixed asset$ Fixtu$ and fittings Motor Refurbishment vehi¢18S costs Total Cost At the start of the year Additions in year Disposals in year At the end of th• year 52,200 568,638 31.711 652,549 52,200 568.638 31,711 652,549 Depre¢latlon At the start of tho year Charge for the year Eliminated on disposal At the end of tha y•ar 52,200 278.962 19.064 31,711 362,873 19,064 52.200 298.026 31,711 381,937 Net book value At the end of the year 270,612 270,612 Al the start of the year 289,676 289,676 All ol the above assets are used for charitsble purposes. 11 Investments 2025 2024 Investments at falr value: Investment in subsidiary undertakings incorporated in the UK Brent CT Enginéoring Limited Aggregate capital and reserves 8.328 7,918 12 Debtors 2025 2024 Trade debtors other debtors Prepayments 122,125 96.068 44,457 262,650 109,436 81,326 36.930 227.692 13 Creditors.. amounts falling due within onè year 2025 2024 Trade cr8ditors Taxation and social security Other creditors Accruals 50.989 19.241 38.732 5,200 114,162 59.013 13,341 31,346 5,200 108.900 -20-
Brent Community Transport Notes to the financial statements For the year ended 31 March 2025 14 Creditors.. amounts falllng due after more than one year 2025 2024 Bank loan 12,165 12,165 22,369 22,369 15 P•nsion Scheme The charity operates a defined contributions pension scheme. 16 An•lyslJ ol not assets between funds General unreslricled Revaluation ReslrScled Total funds Tanglble fixed assets Investments Net current asset$ Non current liabilitie5 Net a55ets at the end of thfr year 50.812 167.000 52,800 270,612 224,252 12,165 262 900 224,252 12,165 482,700 167 000 52,800 16a Analys18 of n•t a888ts b8tw88n funds Iprlor year General unreslricled Revaluallon Reslrlcled Total fund T8ngible fixed 88sel8 Investments Net current assets Non Current liabililios Net assets at thg ond of the ygar 69.876 167.000 52.800 289,676 203.711 22.369 251219 203,711 22,369 471019 167 000 17 Mov•m•nts In fund8 Al Ihg stsrt of th8 year Income & Expenditure gains & losses At Ihe end Transfers of thè yaar Restrlcted funds: DFT Community Bus Fund Total r•$trl¢t•d fund$ 52,800 52,800 52,800 52,800 Unrestrlcted funds: General funds Rev3lu81ion Total unre¥tri¢t•d funds 251,219 1,007,837 167,000 418.219 1996.1561 262,900 167,000 429,900 1,007,837 996,156 Total Funds 471,019 1,007,837 996.156 482,700 -21
Brent Communlty Transport Notes to the financial statements For the year ended 31 March 2025 17a Movements in funds Iprlor year) Al the start of the year Income & Expenditure gains & losses At the end Transfers of tha yaar Re¥tri¢ted funds: DFT Community Bus Fund Total r¢$trlcted funds 52.800 52,800 52,800 52.800 Unrestrlcted funds: General funds Revaluation Totsl unrestrl¢tsd funds 240,114 167,000 407.114 1,022,058 11.010,9531 251,219 167.000 418,219 1,022,058 1,010.953 Total Fund¥ 459,914 1,022,058 1.010 953 471 019 PurposBs of restrlet•d funds Reslricled funds relate lo two minibuses donalod lo the charity IDK66CHL £70k and DK66CHN £70kl. 18 Reconclllatlon of not Income I lexpendlturel 1¢ not ¢a$h flow from operallng actSvltl•$ 2025 2024 Net Incom• I lèxpendltur•l for the reportlng rIOd las par th8 Statèment of Ilnan¢ial activities) Depreciation Interest, rent and dividends from inveslmenl$ Lossl Iprofill on the salg of fixed assets Ilncreasey decrease in debtors Increasel Idecrgasel in credito Net cash provld9d by I lu$ed Inl ¢p•ratlng a¢tlvltlo# 11.681 11,105 19,064 1381 19,064 1481 6,400 132.5311 17,289 21,279 134,9581 5,262 19 Analysls of cash and cash •quiv*lonts AI 1 April 2024 Cash flow5 Other changes At 31 March 2025 Cash 01 bank ond in hand 84.919 19,1551 75,764 Total cash and cash equlvalents 84.919 9.155 75.764 -22-
Brent Community Transport Notes to the financial statements For the year ended 31 March 2025 20 Operating lea$fj commltments Total futuro minimum lease payments under non-c8n¢ellable operating leases arg Bs followy.. Property 2025 Property 2024 Less than 1 y8ar 1 5 years 98,556 139,621 23B,177 93.186 238,177 331,363 21 Logal statuts of the charity The charity is a cornpany limited by guarante8 8nd has no Share capital. Each memb8r 19 liable lo contribute a sum not exceeding £1 in the event of the charity being wound up. 22 Related party transa¢tlon* As al the year-end, Brent CT Engineering Lid, the wholly-owned subsidi8ry owed the charity £43.193 12024.. £43,193). There are no other donatlons from related parties which are outslde tho noimal course of business and no r8Stri¢tgd don8llon8 from r85818d partles. -23-