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2023-03-31-accounts

HOUNSLOW COMMUNITY TRANSPORT LIMITED

FINANCIAL STATEMENTS 31 MARCH 2023

Registered Charity No. 291410

Company No. 1804094

HAINES WATTS

Chartered Accountants

Aissela

46 High Street Esher Surrey KT10 9QY

HOUNSLOW COMMUNITY TRANSPORT LIMITED

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

CONTENTS PAGE
Company and Charity information 1
Report of the Trustees 2 to 5
Independent Examiner’s Report to the Trustees of
Hounslow Community Transport Limited 6
Statement of Financial Activities (including
Income and Expenditure Account) 7
Balance Sheet 8
Notes to the Financial Statements 9 to 13
Non-statutory pages:
- Detailed Income and Expenditure Account (Total) 14
- Detailed Income and Expenditure Account (Minibus Hire Service) 15
- Detailed Income and Expenditure Account (Furniture Recycling Project) 16
- Detailed Income and Expenditure Account (Shopmobility) 17

HOUNSLOW COMMUNITY TRANSPORT LIMITED

COMPANY AND CHARITY INFORMATION

COMPANY NUMBER 1804094 (England and Wales)

CHARITY NUMBER 291410

DIRECTORS/TRUSTEES

Bernard Robson Alfred Sanders John Stephens Lorna Stephens

COMPANY SECRETARY

REGISTERED OFFICE

Alfred Sanders 9 Montague Road Hounslow Middlesex TW3 1JY

INDEPENDENT EXAMINER Haines Watts Aissela 46 High Street Esher Surrey KT10 9QY BANKERS CAF Bank Limited Kings Hill West Malling Kent ME19 4JQ

1

HOUNSLOW COMMUNITY TRANSPORT LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2023

The Trustees, who are also Directors of the company, submit their Report and the unaudited Financial Statements of the Charity for the year ended 31 March 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2005) issued in March 2005 in preparing the Annual Report and Financial Statements of the Charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is a Company limited by guarantee and does not have share capital. The funds received from grants and trading activities are mostly unrestricted and may be used in the furtherance of the Charity’s objectives in accordance with the Memorandum and Articles of Association, the Charity’s governing documents.

The charitable services provided by the Charity are for the benefit of residents and social/ethnic groups in the London Borough of Hounslow and surrounding areas.

A Trustee must not receive any payment of money or other material benefit (whether direct or indirect) from the Charity except as provided for in the Memorandum of Association eg for reasonable traveling, hotel and other expenses properly incurred by them in connection with their attendance at meetings or otherwise in connection with the discharge of their duties. The Charity has the power to make any investment, which the Trustees see fit, but only after obtaining advice from a financial expert and having regard to the suitability of investments and the need for diversification.

The Company is controlled by a Management Committee elected from the Charity’s Membership and in 2022/23 consisted of the Trustees and two other members.

The role of the Management Committee is to oversee the overall management of the company and to ensure that the Charity complies with all of the necessary legal and charitable requirements, with appropriate monitoring of financial policies and procedures.

The Trustees who served during 2022/23 were:

Bernard Robson Alfred Sanders John Stephens Lorna Stephens

None of the Trustees has any beneficial interest in the company. All the Trustees are members of the company and guarantee to contribute up to £1 in the event of a winding up.

New Trustees are nominated by the membership for election at each of the Charity’s Annual General Meetings. Persons co-opted by the Management Committee normally serve a probationary period before being put up for election as a Trustee.

The Trustees have examined the major risks which the Charity faces and seek to control these risks to mitigate any impact that they may have on the Charity.

OBJECTIVES AND ACTIVITIES

The objectives of the Charity are to provide the following services to individuals and social/ethnic groups within the London Borough of Hounslow and surrounding areas:

Minibus Hire Service

The Charity provides safe, accessible and affordable transport to individuals and social/ethnic groups of every kind in the London Borough of Hounslow and surrounding areas. The Charity makes a meaningful contribution to reducing social exclusion and increasing access across Hounslow and places beyond that residents wish to

2

HOUNSLOW COMMUNITY TRANSPORT LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2023

visit. Most of the minibuses in the fleet are wheelchair accessible. The Charity provides opportunities for young offenders in Hounslow to undertake community service by providing appropriate and worthwhile tasks for them to undertake.

Furniture Recycling Project

The Charity runs the Furniture Recycling Project which provides good quality furniture and household appliances on a low cost basis to residents in the London Borough of Hounslow and surrounding areas that are considered to be in need and who have been confirmed as such by e.g. Social Services, the London Borough of Hounslow Homeless Persons Unit, local charities and church welfare groups. In addition, the Charity, in conjunction with the Hounslow Probation Service and other similar services, provides opportunities for people to undertake community service working for the project.

Shopmobility

The Charity runs the Shopmobility service in the London Borough of Hounslow, providing a range of batterypowered scooters and wheelchairs that can be hired at affordable prices by residents of the borough and visitors of all ages with mobility problems and thereby provide for them access that they would not necessarily have had to central Hounslow for shopping and other visits.

ACHIEVEMENTS AND PERFORMANCE

HCT operated all its services throughout 2022/23.

A complete Health and Safety review was undertaken of all HCT services in April 2022 and again on March 2023 to ensure that all services continued to be safe for staff.

The Furniture Recycling Project has achieved turnover of £195k in 2022/23 which is 35% greater than the previous year and the highest annual income for the service ever achieved. The Minibus Hire Service achieved a turnover of £57k in 2022/23, an increase of 58% on the previous year. Despite the encouraging annual increase in Minibus Hire Service turnover, it is c60% of the pre-pandemic level of turnover. This recovery level is similar to other similar community transport organisations in the London area.

Monthly MiDAS training courses were well attended in 2022/23 and one-off courses for various schools were undertaken on their premises.

Shopmobility had very few scooter and wheelchair bookings during 2022/23. A lease for the premises occupied by Shopmobility in the Blenheim Centre is expected to be concluded by the end of June 2023.

The 31st March 2022 represented the end of the two year contract with the London Borough of Hounslow. HCT have been advised by the London Borough of Hounslow that the second one year extension came into effect from 1[st] April 2023. The contract is worth £40k a year and will be up for tender again towards the end of 2023. Retention of the contract will be critical for the financial sustainability of the Charity.

No further work was undertaken during 2022/23 in HCT’s preparation to be assessed for the Trusted Charity quality award, to replace the PQASSO Level 1 quality award that expired in October 2019. The time consuming self-assessment stage had already been completed in 2019. HCT will not undertake any further preparation for the assessment for this new award until all the services operated by HCT are near to functioning at pre-pandemic levels.

The leases for 9 Montague Road and Carnegie Hall (Furniture Recycling Project) were renewed during 2022/23.

The Furniture Recycling Project still remains the only supplier used by the LBH for Discretionary Local Crisis Payment (DCLP) awards. A high standard of performance is delivered to the LBH in fulfilling the awards made to residents of the borough.

3

HOUNSLOW COMMUNITY TRANSPORT LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2023

A full year contract review meeting with the LBH for 2021/22 took place in August 2022 and a half-year review meeting for 2022/23 in December 2022, both with Aine Hayes (Third Sector Partnership Manager) from the London Borough of Hounslow. Both meetings focused very much on how HCT was progressing after the pandemic. Aine has been superbly supportive since the start of the first lockdown. A full-year review meeting for 2022/23 will take place in June 2023.

In 2022, for the first time in three years, the AGM and Christmas Dinner took place. The next HCT AGM will take place in July 2023 and the Christmas Dinner in December 2023.

FINANCIAL REVIEW

Details of the financial performance for 2022/23 are set out on pages 7 to 17. The Charity achieved a surplus of £9.5k for the year ended 31 March 2023.

The principal source of funding for the Charity in 2022/23 was the revenue received from the London Borough of Hounslow with respect to the two year contract (with a two year extension) awarded at the end of 2019 that came into effect in April 2020.

RESERVE POLICY

It is the policy of the Charity that an unrestricted and undesignated reserve should be maintained at a level of at least £45,000 to ensure that the Charity can:

The Trustees consider that reserves should be maintained at this level to ensure that, in the event of a significant drop in funding, the Charity will be able to continue its current activities whilst consideration is given to ways in which additional funds may be raised. This level of reserve required by the Charity is reviewed on an annual basis.

FUTURE PLANS

The overriding priority for the Chief Officer for 2023/24 is to steer the operation of the Charity to maintain its progress since the pandemic and especially with respect to the Minibus Hire Service and Shopmobility.

Marketing activity will be undertaken in 2023 to attract more schools and local organizations to become HCT Members and thereby be able to use the Minibus Hire Service. HCT’s comprehensive database of all current and potential users of the Minibus Hire Service within and outside of the London Borough of Hounslow will be updated in readiness for a mailing to be undertaken to all prospective new Members and lapsed Members in 2023.

The overriding objective for the Furniture Recycling Project for 2023/24 is to increase the number of customers by increasing the number of organizations capable of referring people to the Furniture Recycling Project and by increasing the awareness of the existence of the service amongst those that are in need of low cost furniture and household appliances in the borough and surrounding areas.

Activity will be undertaken targeting relevant organizations in the LBH and surrounding areas that should be aware of the Shopmobility service, so they can in turn advise their own membership. In addition, activity will be undertaken targeting potential individual customers of the existence of the Shopmobility service and its location at the Blenheim Centre.

4

HOUNSLOW COMMUNITY TRANSPORT LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2023

HCT will be proactive in promoting the HCT training service by sending letters, plus information leaflets, to schools/colleges and selected not-for-profit organizations in the borough. In addition, selected schools/colleges and organizations outside the borough will receive a similar communication.

The overriding funding objective is to achieve a diversity of funding sources so that not only can HCT maintain and develop its services but to also ensure that HCT is not unduly reliant on any single source for grant income.

Opportunities will be sought to raise the profile of all HCT’s services across the borough and surrounding areas during 2023/24. Public relations opportunities to raise the profile of all HCT services will be progressed eg press releases to local press.

HCT will liaise closely with Aine Hayes of the LBH to achieve regular articles promoting all of HCT services in Hounslow Matters throughout 2023/24. Hounslow Matters goes regularly to c 50k Hounslow residents.

The HCT website will be reviewed so that it can be used to more effectively promote and inform current and potential users of all the services that HCT provides and to ensure that the website always has eye-catching news and features for its visitors.

Raising and maintaining the profile of Health and Safety in HCT is an on-going key objective. Risk Assessment inspections will be undertaken at all HCT premises during 2023/24.

Expenditure will be more than ever tightly controlled and no capital expenditure that can be avoided will be incurred.

DIRECTORS/TRUSTEES’ RESPONSIBILITIES

Company law requires the Directors to prepare Financial Statements for each financial year which give a true and fair view of the state of the Charity at the end of the year.

In preparing those Financial Statements, the Directors are required to select suitable accounting policies, as described on pages 9-10, and then apply them on a consistent basis, making judgments and estimates that are prudent and reasonable. The Directors must also prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue with its charitable objectives.

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Companies Act 1985. The Directors are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT EXAMINERS

A resolution to re-appoint Haines Watts as independent examiners for the ensuing year will be proposed at the Management Committee meeting held in August 2022 in accordance with Section 385 of the Companies Act 1985.

SMALL COMPANY EXEMPTIONS

This report has been prepared in accordance with the special provisions for small companies under Part VII of the Companies Act 1985.

This report was approved by order of the Board on and signed on its behalf by:

------------------------ Alfred Sanders – Trustee and Company Secretary

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HOUNSLOW COMMUNITY TRANSPORT LIMITED

I report to the Charity Trustees on my examination of the Accounts of the Company for the year ended 31 March 2023 which are set out on pages 8 to 19.

Responsibilities and basis of report

As the Charity 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 Company’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 confirm that I am qualified to undertake the examination because I am a Member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies in Section 145 of the 2011 act.

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 that in any material respect:

  1. Accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act.

  2. The Accounts do not accord with those records.

  3. 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.

  4. 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.

Haines Watts Chartered Accountants

Aissela 46 High Street Esher Surrey KT10 9QY

Date: ………………………

6

HOUNSLOW COMMUNITY TRANSPORT LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Note
INCOME FROM:
Donations and Legacies
5
Charitable activities
6
Bank Interest
TOTAL
EXPENDITURE ON:
Charitable activities
7
TOTAL
Net income/(expenditure)
Unrealised (losses)/gains on investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
40,000
265,183
1,140
306,323
296,821
296,821
9,502
-
9,502
213,170
222,672		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
2023
£
40,000
265,183
28
306,323
296,821
296,821
9,502
-
9,502
213,170
222,672		 Total
2022
£
45,943
196,901
28
242,872
248,105
248,105
(5,233)
-
(5,233)
218,403
213,170

All of the results derive from continuing activities.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 13 form part of these Financial Statements.

7

HOUNSLOW COMMUNITY TRANSPORT LIMITED BALANCE SHEET 31 MARCH 2023

Note
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
Total assets less
current liabilities
NET ASSETS
FUNDS
Unrestricted funds
12
TOTAL FUNDS		 £
63,755
184,056		 2023
£
700

221,971
222,671
222,671
222,671
222,671		 £
45,009
176,846		 2022
£
8,228

204,942
247,811
(25,840)		 221,855
(16,913)








213,170
213,170
213,170
213,170

Trustee Statements required by the Companies Act 2006

In approving these Financial Statements, the Trustees, who are Directors for the purposes of Company Law, hereby confirm:

The Financial Statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The Financial Statements were approved by the Board on and signed on its behalf by:

Lorna Stephens –Trustee and Chairman

Alfred Sanders –Trustee and Company Secretary

Company No. 1804094

8

HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

1. GENERAL INFORMATION

The Charity is a private Company limited by guarantee, registered in England and Wales and a registered Charity in England and Wales. The address of the registered office is 9 Montague Road, Hounslow, Middlesex, TW3 1JY.

2. ACCOUNTING POLICIES

The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year.

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These Financial Statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS 102), The Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Ireland (FRS 102) (effective 1 January 2015) (the SORP) including Bulletin 1 and in accordance with the Companies Act 2006, from which there were no material departures.

The Financial Statements have been prepared under the historical cost convention and are prepared on a going concern basis.

Hounslow Community Transport Limited meets the definition of a public benefit entity under FRS 102.

GOING CONCERN

The Financial Statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these Financial Statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

KEY SOURCES OF ESTIMATION, UNCERTAINTY AND JUDGEMENT

The preparation of the Financial Statements requires management to make judgements, estimates and assumptions that affect the amounts reported.

These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

INCOME

All incoming resources are included in the Statement of Financial Activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

EXPENDITURE

Expenditure is recognised on an accrual basis as a liability is incurred. The following specific policies are applied to particular categories of expenditure:

9

HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES (CONTINUED)

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life:

Motor Vehicles 25% per annum on reducing balance and cost Computer Equipment 50% per annum on cost

FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

OPERATING LEASES

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

FUND STRUCTURE

The funds held by the Charity comprise:

3. LEGAL STATUS OF THE CHARITY

The Charity is a company limited by guarantee and has no share capital. The liability of each Member in the event of winding-up is limited to a maximum £10.

4. TAXATION

The Charity is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10

HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

5. INCOME FROM DONATIONS AND LEGACIES

INCOME FROM DONATIONS AND LEGACIES
Unrestricted
Funds
£
Grant - London Borough of Hounslow
Grant - Business Support Grant
Grant – HMRC F.E.S
40,000
-
-
40,000		 Restricted
Funds
£
-
-
-
-		 Total
2023
£
40,000
-
-
40,000		 Total
2022
£
40,000
3,787
2,156
45,943

Income from donations and legacies for the year ended 31 March 2022 was attributable to restricted and unrestricted funds.

6. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
Funds
£
Restricted
Funds
£
Minibus Hire Service
56,525
-
Furniture Recycling Project
195,051
-
Shopmobility
171
-
BSOG receipts
2,922
-
Employers allowance
5,000
-
Training
4,725
-
Membership fees
789
-
265,183
-		 Total
2023
£
56,525
195,051
171
2,922
5,000
4,725
789
265,183		 Total
2022
£
35,835
144,843
200
3,922
4,000
6,405
1,696
196,901

7. EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted Restricted Total Total
Funds Funds 2023 2022
£ £ £ £
Purchase of furniture/white goods 79,952 - 79,952 43,676
Furniture collection costs 9,118 - 9,118 8,120
Staff costs (note 8) 122,779 - 122,779 111,392
Motor expenses 29,445 - 29,445 29,905
Drivers costs 3,128 - 3,128 1,066
Scooter repairs 71
-		 71
168
Premises costs 1,858 - 1,858 1,552
PAT testing 180
-		 180 128
Subscriptions and training 6,488 - 6,488 6,780
Depreciation 7,528 - 7,528 9,524
Volunteer expenses 4,175 - 4,175 2,300
Advertising 2,703 - 2,703 3,328
Rent and rates 7,432 - 7,432 7,510
Insurance 356
-		 356 2,694
Electricity and water 4,133 - 4,133 5,026
Postage, stationery and telephone 5,524 - 5,524 5,324
Office machine maintenance 459 - 459 970
Computer expenses 5,889 - 5,889 5,292
Professional fees 800 - 800 13

11

HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

Accountancy fees
Staff welfare
Christmas dinner
Travelling
Bank charges		 2,300
84
1,349
187
883
296,821		 -
-
-
-
-
-		 2,300
84
1,349
187
883
296,821		 2,100
142
-
93
1,002
248,105

8. STAFF COSTS, TRUSTEE REMUNERATION , EXPENSES AND KEY MANAGEMENT PERSONNEL

Salaries and wages
Pension costs
Social Security costs		 Total
2023
£
114,373
972
7,434
122,779		 Total
2022
£
104,477
915
6,000
111,392

No employees received employee benefits in excess of £60,000 (Year Ended 31/03/2022: nil).

No Trustees or persons connected with them received any emoluments in their role as Trustees from the Charity (Year Ended 31/03/2022: nil) and no Trustees have received payment for professional or other services provided to the Charity during the year (Year Ended 31/03/2022: nil). There were no reimbursements of individual expenses to any Trustee during the year (Year Ended 31/03/2022: nil).

The average number of persons employed by the Charity during the year was 9 (Year ended 31/03/2022: 10).

9. TANGIBLE FIXED ASSETS

Cost
At 1 April 2022
Addition
Disposal
At 31 March 2023
Depreciation
At 1 April 2022
Disposal
Provision for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022		 Motor
Vehicles
£
Computer
Equipment
£
201,904
18,533
-
-
-
-
201,904
18,533
194,908
17,302
-
-
6,296
1,231
201,204
18,533
700
-
6,996
1,231		 Total
£
220,437
-
-
220,437
212,210
-
7,527
219,737
700
8,227

12

HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

10. DEBTORS

DEBTORS
Trade debtors
Other debtors
VAT
Prepayments and accrued income
CREDITORS
Trade creditors
Social Security and other taxes
Accruals and deferred income
FUNDS
Balance at
Year ended 31 March
2023
01/04/2022
£
Unrestricted funds
183,172
Designated funds
15,000
Restricted funds
15,000
213,172
Balance at
Year ended 31 March
2022
01/04/2021
£
Unrestricted funds
188,405
Designated funds
15,000
Restricted funds
15,000
218,405		 Income

£

306,323
-
-
306,323
Income

£
242,872
-
-
242,872		 Expenditure
£
(296,821)
-
-
(248,105)
Expenditure
£
(248,105)
-
-
(248,105)


Total
2023
£
54,576
1,000
1,022
7,157		 Total
2022
£
34,153
1,000
2,241
7,615
45,009
Total
2022
£
8,133
-
8,780
16,913
Balance at
31/03/2023
£
192,674
15,000
15,000
Total
2022
£
34,153
1,000
2,241
7,615
63,755 45,009
Total
2022
£
8,133
-
8,780
16,913
222,674
Balance at
31/03/2022
£
183,172
15,000
15,000
213,172

11. CREDITORS

12. FUNDS

Designated funds relate to funds put aside for use on minibuses.

Restricted funds relate to a grant provided in YE 31/03/2020 to purchase a new van.

13

HOUNSLOW COMMUNITY TRANSPORT LIMITED DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023

GROUP CONSOLIDATION

INCOME
Grants
Minibus Hire Service
Furniture Recycling Project
Shopmobility
BSOG receipts
Employers allowance
Training
Membership fees
Bank interest
HMRC Support Grant
HMRC F.E.S
TOTAL INCOME
EXPENDITURE
Purchases
Staff costs (Note 8)
Volunteer expenses
Driver’s costs
Advertising
Rent and rates
Insurance
Electricity and water
Motor expenses’
Scooter repairs
Travelling
MIDAS training costs
Printing, postage and telephone
Accountancy fees
Premises
Office machine maintenance
Computer expenses
Bank charges and interest
Depreciation
Furniture collection costs
Subscriptions
Professional fees
PAT testing
Christmas dinner
Staff welfare
TOTAL EXPENDITURE
TOTAL (DEFICIT)/SURPLUS FOR THE YEAR		 £
79,952
122,779
4,175
3,128
2,703
7,432
356
4,133
29,445
71
187
6,006
5,524
2,300
1,858
459
5,889
883
7,528
9,118
482
800
180
1,349
84		 2023
£
40,000
56,525
195,051
171
2,922
5,000
4,725
789
1,140
-
-
306,323
(296,821)
9,502		 £
43,676
111,392
2,300
1,066
3,328
7,510
2,694
5,026
29,905
168
93
6,352
5,324
2,100
1,552
970
5,292
1,002
9,524
8,120
428
13
128
-
142		 2022
£
40,000
35,835
144,843
200
3,922
4,000
6,405
1,696
28
3,787
2,156
242,872
(248,105)
(5,233)

14

HOUNSLOW COMMUNITY TRANSPORT LIMITED DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023

MINIBUS HIRE SERVICE

INCOME
Grants
Minibus Hire Service
BSOG receipts
Training
Membership fees
Employers allowance
Bank interest
Business Support Grant
HMRC F.E.S
TOTAL INCOME
EXPENDITURE
Staff costs (Note 8)
Volunteer expenses
Rent and rates
Insurance
Electricity and power
Motor expenses
Travelling
Printing, postage and
telephone
Accountancy fees
Premises
Office machine maintenance
Computer expenses
Bank charges and
interest
Depreciation
Midas training expenses
Driver’s costs
Subscriptions
Professional fees
Christmas dinner
Staff welfare
TOTAL EXPENDITURE
TOTAL SURPLUS/(DEFICIT) FOR THE YEAR		 £
39,876
-
2,402
201
270
21,910
50
2,812
1,150
43
229
5,889
88
690
5,406
3,128
212
-
1,349
14		 2023
£
37,000
56,525
2,922
4,725
789
-
1,140
-
-
103,101
(85,719)
17,382		 £
34,171
-
2,749
2,050
1,708
24,487
48
2,327
1,050
1,269
620
5,292
89
2,377
6,352
1,066
160
13
-
50		 2022
£
37,000
35,835
3,922
6,405
1,696
2,000
28
-
-
86,886
(85,878)
1,008

15

HOUNSLOW COMMUNITY TRANSPORT LIMITED DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023

FURNITURE RECYCLING PROJECT

INCOME
Employers Allowance
Gift Aid
Furniture Recycling Project
Business Support Grant
TOTAL INCOME
EXPENDITURE
Purchases
Staff costs (Note 8)
Volunteer expenses
Advertising
Rent and rates
Insurance
Electricity and water
Motor expenses
Travelling
Printing, postage and telephone
Accountancy fees
Premises
Office machine maintenance
Bank charges
PAT testing
Furniture collection costs
Staff welfare
Depreciation – unrestricted
Subscriptions
Professional fees
Training costs
TOTAL EXPENDITURE
TOTAL SURPLUS/(DEFICIT) FOR THE YEAR		 £
79,952
76,640
4,175
2,703
5,030
155
2,993
7,535
137
2,293
1,150
1,815
230
795
180
9,118
70
6,838
-
800
600		 2023
£
5,000
-
195,051
-
200,051
(203,209)

(3,158)		 £
43,676
71,288
2,300
3,328
4,761
644
2,553
5,418
45
2,570
1,050
283
350
913
128
8,120
92
7,147
53
-
-		 2022
£
2,000
-
144,843
3,787
150,630
(154,719)
(4,089)

16

HOUNSLOW COMMUNITY TRANSPORT LIMITED DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2023

SHOPMOBILITY
INCOME
Grants
Shopmobility
HMRC F.E.S
TOTAL INCOME
EXPENDITURE
Staff costs (Note 8)
Electricity and power
Printing, postage and telephone
Subscriptions
Scooter repairs
TOTAL EXPENDITURE
TOTAL SURPLUS/(DEFICIT) FOR THE YEAR		 £
6,263
870
419
270
71		 2023
£
3,000
171
-
3,171
(7,893)
(4,722)		 £
5,933
765
427
215
168		 2022
£
3,000
200
2,156
5,356
(7,508)
(2,152)

17