## HOUNSLOW COMMUNITY TRANSPORT LIMITED
## FINANCIAL STATEMENTS 31 MARCH 2024
## Registered Charity No. 291410
Company No. 1804094
LFM Chartered Accountants 23b Lenten Street Alton Hampshire GU34 1HG
HOUNSLOW COMMUNITY TRANSPORT LIMITED
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
|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 (Resigned 16/11/2023) John Stephens Lorna Stephens COMPANY SECRETARY Alfred Sanders (Resigned 16/11/2023) REGISTERED OFFICE 9 Montague Road Hounslow Middlesex TW3 1JY INDEPENDENT EXAMINER LFM Chartered Accountants 23b Lenten Street Alton Hampshire GU34 1HG BANKERS CAF Bank Limited Kings Hill West Malling Kent ME19 4JQ
1
HOUNSLOW COMMUNITY TRANSPORT LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
The Trustees, who are also Directors of the company, submit their Report and the audited Financial Statements of the Charity for the year ended 31 March 2024. 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 2023/24 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 2023/24 were:
Bernard Robson Alfred Sanders – resigned in November 2023 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 2024
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 eg 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
A complete Health and Safety review was undertaken of all HCT services in April 2023 and again on March 2024 to ensure that all services continued to be safe for staff.
The Furniture Recycling Project has achieved turnover of £248.4k in 2023/24 which is 27% greater than the previous year and the highest annual income for the service ever achieved. The Minibus Hire Service achieved a turnover of £55k in 2023/24, a decrease of 3% on the previous year. Minibus Hire Service turnover is c60% of the pre-pandemic level of turnover.
Monthly Midas training courses were well attended in 2023/24 and one-off courses for various schools were undertaken on their premises.
Shopmobility had very few scooter and wheelchair bookings during 2023/24. A new 5 year lease for the premises occupied by Shopmobility in the Blenheim Centre has been signed.
The current contract with the London Borough of Hounslow, worth £40k a year, has been extended once again and will now run until 31[st] March 2025.The contract will be up for tender again towards the end of 2024. Retention of the contract will be critical for the continued financial sustainability of the Charity.
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.
A full year contract review meeting with the LBH for 2022/23 took place in August 2023 and a half-year review meeting for 2023/24 in December 2023, 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 2023/24 will take place in June 2024.
## FINANCIAL REVIEW
Details of the financial performance for 2023/24 are set out on pages 7 to 17. The Charity incurred a deficit of £34.2k for the year ended 31 March 2024.
3
HOUNSLOW COMMUNITY TRANSPORT LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
The principal source of funding for the Charity in 2023/24 was the revenue received from the contract with the London Borough of Hounslow. The tender documents for the new contract starting 1[st] April 2025 are due to be received in the autumn.
## RESERVE POLICY
It is the policy of the Charity that an unrestricted and undesignated reserve should be maintained at a level of at least £45k to ensure that the Charity can:
- Maintain sufficient cash flow to allow time for payments to be received for use of the Charity’s services.
- Allow for unplanned repairs or maintenance problems with the Charity’s fleet of vehicles.
- Allow for the late payment of grants and other external funding and possible debt problems.
- Meet current liabilities in respect of rent, lease agreements and other creditors.
- Provide for potential redundancy costs and long term sickness.
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 2024/25 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 2024 to attract more schools and local organisations 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 2024.
The overriding objective for the Furniture Recycling Project for 2024/25 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 organisations 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.
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 2024/25. 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 2024/25. Hounslow Matters goes regularly to c 50k Hounslow residents.
4
HOUNSLOW COMMUNITY TRANSPORT LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
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 2024/25.
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 page 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 appoint LFM as independent examiners for the ensuing year will be proposed at the Management Committee meeting held in August 2024 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:
------------------------ John Stephens – Trustee and Company Secretary
5
HOUNSLOW COMMUNITY TRANSPORT LIMITED REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024
I report to the Charity Trustees on my examination of the Accounts of the company for the year ended 31 March 2024 which are set out on pages 7 to 17.
## 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.
Matt Ellis FCCA LFM The Stables 23b Lenten Street Alton Hampshire GU34 1HG
Date: ………………………
6
## HOUNSLOW COMMUNITY TRANSPORT LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
|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
314,593
982
355,575
389,791
389,791
(34,216)
-
(34,216)
222,674
188,458|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-|Total
2024
£
40,000
314,593
982
355,575
389,791
389,791
(34,216)
-
(34,216)
222,674
188,458|Total
2023
£
40,000
265,183
1,140|
|---|---|---|---|---|
|||||306,323|
|||||296,821|
|||||296,821|
|||||9,502
-|
|||||9,502|
|||||213,172|
|||||222,674|
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 2024
|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|£
49,765
165,530|2024
£
6,901
181,556
188,458
188,458
188,458
188,458|£
63,755
184,056|2023
£
700
221,971|
|---|---|---|---|---|
||215,295
(33,739)||247,811
(25,840)||
||||||
|||||222,671|
|||||222,671|
|||||222,671|
|||||222,671|
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:
- That for the year stated above the Company was entitled to the exemption conferred by section 477 of the Companies Act 2006
- That no notice has been deposited at the registered office of the Company pursuant to section 476 of the Companies Act 2006 requesting that an Audit be conducted for the year ended 31 March 2024
- That we acknowledge our responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
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
Company No: 1804094
8
HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
## 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:
- Donations and legacies received by way of grants, donations and gifts are included in full in the statement of financial activities when receivable
- Charitable activities being income from services provided recognised when receivable
- Income from investments is included in the year in which it is receivable
## EXPENDITURE
Expenditure is recognised on an accrual basis as a liability is incurred. The following specific policies are applied to particular categories of expenditure:
- Expenditure on charitable activities is costs incurred by the Charity in the course of meeting its charitable aims as related governance and support costs
9
HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
## 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:
- Unrestricted general funds _–_ the ‘free’ funds held by the Charity to be used in accordance with the charitable objects at the discretion of the Trustees (including designated funds).
- Restricted funds _–_ funds held to be used only for restricted purposes within the objects of the Charity. Restrictions arise when specified by donors and grant making bodies or when funds are raised for particular purposes.
## 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 2024
## 5. INCOME FROM DONATIONS AND LEGACIES
|INCOME FROM DONATIONS AND LEGACIES||||
|---|---|---|---|
|Unrestricted
Funds
£
Grant - London Borough of Hounslow
40,000
40,000|Restricted
Funds
£
-|Total
2024
£
40,000
40,000|Total
2023
£
40,000|
||||40,000|
## 6. INCOME FROM CHARITABLE ACTIVITIES
|6.
INCOME FROM CHARITABLE ACTIVITIES|||
|---|---|---|
|Unrestricted
Funds
£
Restricted
Funds
£
Minibus Hire Service
55,283
-
Furniture Recycling Project
248,359
-
Shopmobility
200
-
BSOG receipts
2,755
-
Employers allowance
5,000
-
Training
2,136
-
Membership fees
860
-
314,593
-
7.
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Funds
£
Restricted
Funds
£
Purchase of furniture/white goods
115,596
-
Furniture collection costs
6,185
-
Staff costs (note 8)
167,694
-
Recruitment costs
9,855
-
Motor expenses
33,130
-
Drivers costs
4,590
-
Scooter repairs
-
-
Premises costs
667
-
PAT testing
-
-
Subscriptions and training
2,836
-
Depreciation
431
-
Volunteer expenses
1,150
-
Advertising
3,337
-
Rent and rates
16,119
-
Insurance
3,568
-
Electricity and water
3,540
-
Postage, stationery and telephone
6,552
-
Office machine maintenance
1,633
-
Computer expenses
6,311
-|Total
2024
£
55,283
248,359
200
2,755
5,000
2,136
860
314,593
Total
2024
£
115,596
6,185
167,694
9,855
33,130
4,590
-
667
-
2,836
431
1,150
3,337
16,367
3,568
3,292
6,552
1,633
6,311|Total
2023
£
56,525
195,051
171
2,922
5,000
4,725
789|
|||265,183|
|||Total
2023
£
79,952
9,118
122,779
-
29,445
3,128
71
1,858
180
6,488
7,528
4,175
2,703
7,432
356
4,133
5,524
459
5,889|
11
HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
|Professional fees
Accountancy fees
Staff welfare
Christmas dinner
Travelling
Bank charges|1,440
2,300
256
992
502
1,108
389,791|-
-
-
-
-
-
-|1,440
2,300
256
992
502
1,108
389,791|800
2,300
84
1,349
187
883|
|---|---|---|---|---|
|||||296,821|
## 8. STAFF COSTS, TRUSTEE REMUNERATION , EXPENSES AND KEY MANAGEMENT PERSONNEL
|Salaries and wages
Pension costs
Social Security costs|Total
2024
£
154,056
2,159
11,478
167,694|Total
2023
£
114,373
972
7,434|
|---|---|---|
|||122,779|
No employees received employee benefits in excess of £60,000 (Year Ended 31/03/2023: nil).
No Trustees or persons connected with them received any emoluments in their role as Trustees from the Charity (Year Ended 31/03/2023: nil) and no Trustees have received payment for professional or other services provided to the Charity during the year (Year Ended 31/03/2023: nil). There were no reimbursements of individual expenses to any Trustee during the year (Year Ended 31/03/2023: nil).
The average number of persons employed by the Charity during the year was 10 (Year ended 31/03/2023: 9).
## 9. TANGIBLE FIXED ASSETS
|TANGIBLE FIXED ASSETS||||
|---|---|---|---|
|Cost
At 1 April 2023
Addition
Disposal
At 31 March 2024
Depreciation
At 1 April 2023
Disposal
Provision for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023|Motor
Vehicles
£
201,904
4,863
-
206,769
201,204
-
203
201,409
5,360
700|Computer
Equipment
£
18,533
1,769
-
20,302
18,533
-
228
18,761
1,541
-|Total
£
220,437
6,632
-|
||||220,437|
||||219,737
-
431|
||||219,737|
||||6,901|
||||700|
12
HOUNSLOW COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
## 10. DEBTORS
|DEBTORS|||||||||
|---|---|---|---|---|---|---|---|---|
|Trade debtors
Other debtors
VAT
Prepayments and accrued income
CREDITORS
Trade creditors
Accruals and deferred income
FUNDS
Balance at
Year ended 31 March
2024
01/04/2023
£
Unrestricted funds
192,674
Designated funds
15,000
Restricted funds
15,000
222,674
Balance at
Year ended 31 March
2023
01/04/2022
£
Unrestricted funds
183,172
Designated funds
15,000
Restricted funds
15,000
213,172|Income
£
355,575
-
-
355,575
Income
£
306,323
-
-
306,323|Expenditure
£
(389,791)
-
-
(389,791)
Expenditure
£
(296,821)
-
-
(296,821)|||Total
2024
£
37,086
2,420
3,964
6,295|Total
2023
£
54,576
1,000
1,022
7,157
63,755
Total
2023
£
11,564
14,276
25,840
Balance at
31/03/2024
£
158,458
15,000
15,000||Total
2023
£
54,576
1,000
1,022
7,157|
||||||49,765|||63,755|
||||||Total
2024
£
20,505
13,234|||Total
2023
£
11,564
14,276|
||||||33,739|||25,840|
|||||Gains &
(losses)
£
-
-
-
-
Gains &
(losses)
£
-
-
-
-|||||
|||||||188,458|||
|||||||Balance at
31/03/2023
£
192,674
15,000
15,000|||
|||||||222,674|||
## 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 2024
|INCOME
Grants
Minibus Hire Service
Furniture Recycling Project
Shopmobility
BSOG receipts
Employers allowance
Training
Membership fees
Bank interest
TOTAL INCOME
EXPENDITURE
Purchases
Staff costs (Note 8)
Recruitment costs
Volunteer expenses
Drivers 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
GROUP CONSOLIDATION|£
115,596
167,694
9,855
1,150
4,590
3,337
16,119
3,568
3,540
33,130
-
502
2,237
6,552
2,300
667
1,633
6,311
1,108
431
6,185
599
1,440
-
992
256|2024
£
40,000
55,283
248,359
200
2,755
5,000
2,136
860
982
355,575
(389,791)
(34,216)|£
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|
||||||
14
## HOUNSLOW COMMUNITY TRANSPORT LIMITED DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024
|INCOME
Grants
Minibus Hire Service
BSOG receipts
Training
Membership fees
Bank interest
TOTAL INCOME
EXPENDITURE
Staff costs
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
Drivers costs
Subscriptions
Christmas dinner
Staff welfare
TOTAL EXPENDITURE
TOTAL SURPLUS/(DEFICIT) FOR THE YEAR|£
48,481
2,334
1,784
990
27,237
468
2,793
1,150
(280)
418
6,311
80
203
-
4,590
-
496
8|2024
£
37,000
55,283
2,755
2,136
860
982
99,016
(97,063)
1,953|£
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|
## MINIBUS HIRE SERVICE
15
## HOUNSLOW COMMUNITY TRANSPORT LIMITED DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024
## FURNITURE RECYCLING PROJECT
|URNITURE RECYCLING PROJECT|||||
|---|---|---|---|---|
|INCOME
Employers Allowance
Furniture Recycling Project
TOTAL INCOME
EXPENDITURE
Purchases
Staff costs
Recruitment costs
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
Christmas dinner
Subscriptions
Staff welfare
Depreciation – unrestricted
Professional fees
Training costs
TOTAL EXPENDITURE
TOTAL SURPLUS/(DEFICIT) FOR THE YEAR|£
115,596
113,353
9,855
1,150
3,337
5,088
1,784
2,028
5,892
33
3,156
1,150
947
1,215
1,028
-
6,185
496
599
248
228
1,440
2,237|2024
£
5,000
248,359
253,359
(277,045)
(23,686)|£
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)|
16
## HOUNSLOW COMMUNITY TRANSPORT LIMITED DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024
|SHOPMOBILITY
INCOME
Grants
Shopmobility
HMRC F.E.S
TOTAL INCOME
EXPENDITURE
Staff costs
Electricity and power
Rent and rates
Printing, Postage and telephone
Subscriptions
Scooter repairs
TOTAL EXPENDITURE
TOTAL SURPLUS/(DEFICIT) FOR THE YEAR|£
5,859
522
8,697
603
-
-|2024
£
3,000
200
-
3,200
(15,681)
(12,481)|£
6,263
870
-
419
270
71|2023
£
3,000
171
-|
|---|---|---|---|---|
|||||3,171
(7,893)|
|||||(4,722)|
17