Charity registration number 515736 (England and Wales}
Company registration number 01766436
LIVERPOOL COMMUNITY TRANSPORT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

LIVERPOOL COMMUNITY TRANSPORT LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Councll Of Management
Mr M Hughes
Mr R Curd
Charity number (England and Wales)
515736
Company number
01766436
Registered office
27 Townsend Street
Liverpool
L5 9XY
Independent examiner
DSG
Castle Chambers
43 Castle Street
Livefpool
L2 9TL
Bankers
National Westminst8r Bank plc
City Office
2-8 Church Street
Liverpool
L1 3BG

LIVERPOOL COMMUNITY TRANSPORT LIMITED
CONTENTS
Page
Council's report
Independent examinerfs report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the financial statements
8-16

LIVERPOOL COMMUNITY TRANSPORT LIMITED
COUNCIL'S REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Council of Management present their annual report and financial statemenls for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies s8t out in note 1 to the
financial statements and comply with the charitable company's Memorandum and Articles of Association, the
Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice apFJicable
to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2019)..
Objectives and actlvltles
The charitable company's principal activities continued to be the provision of subsidised transport and the repair and
maintenance of vehicles owned by community groups who would not be able lo access mainstream trans￿¢
because of the cost involved.
Public benefit
The Council of Management have paid due regard to guidance issued by the Charity Commission in deciding what
activities the charitable company should undertake. The Trustees are satisfed that the information provided in the
report and accounts meets the public benefit reporting requirements.
Achievements and performance
Liverpool Community Transport Limited has worked tirelessly to reinstate our Community Transport provision since
the Covid-19 pandemic and continued to make steady progress throughout this financial year. The total number of
trips taken by community groups. organisations & schools has held steady at 12,500 and through the furtherance
and development of assistan¢e to Liverpool SEN schools and our already established MOT testing station we are
committed to continue subsidising community transport at the same level as in previous years. In order to be
successful in this. our aim is to continue building upon current MOTS, maintenance and repair work which is now
back to normal levels.
Throughout this lime our company values and objectives have remained the same wilh regards to community
transport and the services we provide. Our wellostablished MOT, maintenance & repair services continue to play a
key role in our provision and has reinforced the assistance we provide lo local communities. ensuring they have
access to a safe, reliable. accessible & affordable transport provision c1￿1d8.
During this financial year we have continued our conlracted work for Liverpool City Council where we currently hold
30 home to school transport Contracts. We have been given the opportunity lo expand into a neighbouring borough
and were successful in the SEN tender process for Sefton Metropolitan Borough Council, an additional 2 contra¢tS
were awarded to the organisation
this is in line with our ongoing plan to expand in this area. The managemenl
committee feel we are in a strong position to further advance in our contracted work with Liverpool City Council at
the start of the next schr)ol year.
As in previous years we have continued to work in line with the organisation's development plan which outlines our
long-temi aim to modemise our fleet of vehicles. With this in mind. we will continue to purchase additional and
replacement vehides when required- our current fleet Gontsins 37 vehides in total. Our staffing levels are also at
an all-time high with 5 full-time staff and 37 part-time stsff members.
Liverpool City Council liGen¢ing have continued to utilise our garage and training facilities in order to carry out
various personal licence courses. laxi compliance inspections. licencing training programs and taxi enforc8m8nl
operations in conjunction with Merseyside Police and neighbouring Councils.
As in previous years we have continued working with our lon￿terni volunteer placement with an aim to promote
social inclusion in a safe and friendly workplace. During his time with us he has integrated well and is a valued
member of the team Contributing significantly to the company's day to day operations. The management committee
feel our past and current volunteer work placements have been a great success with the individuals and ourselves
benefitting from the scheme.

LIVERPOOL COMMUNITYTRANSPORT LIMITED
COUNCIL'S REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
FlnanGial review
The results for the year and the charity's financial position at the end of the year are shown in the attached financial
statements.
The surplus for the year was £7.186 {2023 £61,712). At the year end the charity had net assets of£210.000 (2023 .
£202.814). There were no restricted funds at the period end.
Reserves policy
It is the policy of Ihe charitable company that unrestricted funds vthich have not been designated for a specific use
should be maintained at a level equivalent to bel￿een three and six month's expenditu￿. The Council of
Management Gonsiders that reserves at this level will ensure that, in the event of a significant drcp in funding. they
will be able to continue the charitsble company's current activitses while consideration is given to ways in which
additional funds may be raised. The trustees re(wnise that the level of free reserves need to be increased and are
reviewing options to improve the position.
Principal risks and uncertainties
The Council have assessed the major risks to which the charitable company is exposed, and are satisfied that
systems are in place to mitigate exposure to the major risks. The principal risks are considered to be:
Loss of SEN school contracts which are subject to ￿ular tender processes
Fluctuations in fuel prices
Competition from altemative transport providers
Plans for future periods
As the continuance of community transport is essential for many groups. schools and organisations across Ihe city,
the management committee consider it a priority to maintain the subsidy of community transport as a whole during
these uncertain economic times. This Gan be achieved through the furthefance and development of our already
established MOT testing bay which continues to be a fundamental plan for the future. The management committee
consider this to be integral in the organisation's work in challenging exdusion in today's economic dimat8.
We aim to build upon further support that is also available to groups in temis of our maintenance and repair service.
The broadening of this long standing, essential part of our provision would grealy benefit numerous groups, schools
& organisations citywide. We plan to continue to market the services we provide across the city through various
publicity material. tsrgeting non-members. current members and members of the public with the aim of expanding
our customer base.
An additional aim for the future is focusing on increasing the number of SEN school contracts over the forthcoming
year. With our City Council school contracts now well eslablished, we will endeavour to secure additional contracts
with the City Council and in neighbouring boroughs should thè opportunity arise.
The management committee look forward to another productive year and would like to thank the Operational
Transport Manager, staff and volunteers for working hard on behalf of the organisation. Their commrtment and
dedication to Liverpool Community Transport has not gone unnoticed.
Structuro. govèrnance and management
The charity is a company limited by guarantee, the charitable companvs objects arè govemed by the Memorandum
of Association adopted on 1 November 1983.
The Council of Management, who are also the directors for the purpose of company law, and who served during the
year were:
Mr M Hughes
Mr P Dodd
Mr R Curd
(Resigned 19 November 2024)

LIVERPOOL COMMUNITY TRANSPORT LIMITED
COUNCIL'S REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Council endevours lo recruit new trustees to ensure the board has the range of skills and experience necessary
to Comply with its wllective responsibility. Trustees re￿1ve ongoing training during their lenure as required.
None of the Council of Management has any beneficial interest in the company. All of the Council of Management
are members of the company and guarantee to contribute £1 in the event of a winding up.
The charitable company is controlled by the members of the Council of Management. The number of members must
not be more than 15. The members of the Council are appointed at the Annual General Meeting. The Council may
appoint additional members to the Council during the year but Ihese shall only retain the ofFice if re-appointed at the
nextAnnual General Meeting.
The Council delegates the day to day running of the charitable company to the General Manager, Mr T Crofton. All
key operational decisions are made with the approval of the charity Trustees.
The Council has responsibility for setting the pay and remuneration of the charity's key personnel and this is done
on an annual basis. including a formal cost of living review. Salaries are benchmarked with other similar
organisations.
Under the Memorandum 8nd Artides of Aswiation. Ihe charitsble Company has the power to make investments
which the Council see fit.
Small company provisions
This report has been prepared in accordance wth the special provisions relating to small companies within Part 15
of the Companies Act 2006.
The Council's ￿pOrt was approved by the Board of Council Of Management.
Mr M Hughes
Trustee
20 January 2025

LIVERPOOL COMMUNITY TRANSPORT LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE COUNCIL OF MANAGEMENT OF UVERPOOL COMMUNITY TRANSPORT
LIMITED
I report to the Council of Management on my examination of the financial statements of Llverpool Community
Transport Limited (the charitable company) for the year ended 31 March 2024.
This report is made solely to the chartty's Council of Management, as a body. in accordance with *ction 145 of the
Charities Act 2011. My work has been undertaken so that I might state lo th8 charity's council of management
those matters l am required to state to them in this report and for no other purpose. To the fullest exteni permitted
by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Council of
Management as a body, for my work. for this report, or for the opinions I have fomied.
Responslbilitles and basls of report
As the Council of Management of the charitable company (and also its directors for the purposes of company lawl,
you are responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006.
Having satisfied myself that the financial statements of the charitable company are not required to be audited under
Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my
examinalion of th& charitable company's financial statements carried out under section 145 of the Charities Act
2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section
145(5){b) of the Charities Act 2011.
Independent examiner's statement
Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a
member of the Institule of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no rnatters have come to my attention in connection with the
examination giving me Cause to believe that in any material respect:
accounting records wèr& not kept in ￿SpeCt of th8 charitable company as required by section 386 d the
Companies Act 2006.
the financial statements do nol accord with those records. or
the financial statements do not COTfbPty with the accounting requirements of section 396 of the Companies Act
2006 other than any requirement that the financial statements give a twe and fair view, which is a matter
considered as part of an independent examination- or
the finanual statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended practi￿ for accounting and reporting by charities applicable to charities
preparing their financial statements in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order lo enable a proper urKSerstanding of the financial statements to be reached.
Jean Ellis BA FCA CTA
DSG
Castle Chambers
43 Castle Street
Liverpool
L2 9TL
Dated: 20 January 2025

LIVERPOOL COMMUNITY TRANSPORT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Unrestricled
funds
funds
2024
2023
Notes
Charitable activities
Investments
747,183
462
815,884
160
Total income
747,645
816,044
Charitable activities
741,459
754,332
Total expendlture
741.459
754,332
Net income for the yearl
Net mov8ment in funds
6,186
61,712
Fund balances at 1 April 2023
202,814
141.102
Fund balances at 31 March 2024
209,000
202.814
The ststement of financial activities also complies with the requirements for an income and expenditure account
under the CompaniesAct 2006.

LIVERPOOL COMMUNITY TRANSPORT LIMITED
BALANCE SHEET
ASAT 31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
11
18,995
29,332
Current assets
Stocks
Debtors
Cash at bank and in hand
12
13
6,350
142.812
140.708
9,350
102,478
151,227
289,870
263,055
Creditors: amounts falling due within
one year
14
67.865
57,573
Net current assets
222.005
205,482
Total assets less current liabiliti•s
241.000
234,814
Provlslons for liabilities
15
(32,000)
(32,000)
Net assets
209,000
202,814
The funds of the charitable company
Unrestricted funds
209,000
202,814
209.000
202,814
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respecl to accounting records and the preparation of finanaal statements.
The members have not required the company to obtain an audit of its financial statemenls for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance wilh the provisions applicable to companies subject
to the small ¢ompanies ￿1rne.
The financial statements were approved by the Council of Management on 20 January 2025
Mr M Hughes
Trustsg
Company registration number 01766436 (England and Wales)

LIVERPOOL COMMUNITY TRANSPORT LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from op•ratlng activities
Cash (absorbed by)Igenerated from
operations
19
(2.218)
47,008
Investlng activitles
Purchase of tangible fixed assets
Investment income received
(8,763)
462
14.119)
160
Net cash used in investing activities
(8.301)
(3,959)
Net cash generated from financlng activities
Net {decrease)lincrease in cash and cash
equlvalents
110,5191
43.049
Cash and cash equivalents at beginning of year
151.227
108,178
Cash and cash equivalents at end of year
140,708
151,227

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity inforniation
Liverpool Community Transport Limited is a private company limited by guarantee incorporated in England
and Wales. The registered office is 27 Townsend Street, Liverpool, L5 9XY.
1.1 AGcounting conventlon
The financial slatements have been prepared in accordance with the charitable company's Memorandum and
Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The
charitsble company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in steding, which is the functional currency of the charitable company.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial ststements, the Couneil of Management have a reasonable expectation
that the charitable company has adequate resources to continue in operational existence for the foreseeablè
future. Thus the Council of Management continue to adopt the going concem basis of accounting in preparing
the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the Council of Management in furtherance of their
charitable objectives unless th8 funds have been designaied for other purFX)ses.
Designated funds comprise funds which have been set aside at the discretion of the Council of Management
for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.
1.4 Income
Income is recognised when th& charitable company is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably. and tt is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has
been notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of
the donation.
Legacies are recognised on receipt or otherwise rf the charitsble Company has been notified of an impending
distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as
a contingent asset.
Capital grants are credlted to restricted funds when receivablo and transferred to unrestricted funds when the
asset is purchased. Depreciation on the fixed assets purchased with such grants is charged againsl
unrestricted funds. Grants of a revenue nature are credited to income in the period to which they relate.
Grants received before the charity is entitled to them are treated as deferred income.
Tumover is measU￿d at the fair value of the wnsideration received or receivable and represents amounts
receivable for goods and services provided in the nomial cL)urse of business. net of discounts. VAT and other
sales related taxes.

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies
(Continued)
1.5 Expendlture
Expenditure is accounted for on an accruals basis.
Charitable expenditure comprises direct expenditure including direct stsff costs attributable to the
charitable company's activities. Where costs cannot be d1￿ctlY attributed, they have been
allocated to activitigs on a basis consistent with the use of resource5 as detailed below.
G0Veman￿ costs include those costs incurred in the govemance of the charitable companws assets and are
associated with constitutional and statutory requirements.
1.6 Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impainn8nt losses.
Tangible fixed assets are ststed at cost less depreciation. Depreciation is provided at rates calculated to write
off the cost less estimated residual value of each asset over its expected useful life. as follows=
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
over the term of the lease
250A on cost
250/0 on cost
- 25Yo on cost
The gain or loss arising on the disposal of an asset is detemiined as the difference betweèn the sale proceeds
and the carrying value of the asset. and is recognised in the statement of financial activities.
1.7 Impaimient of fixed assets
At each reporting end date, the charitable company reviews the Carr￿ng amounts of its tangible assets to
determine whether there is any indi¢alion that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is eslimated in order to determine the extent of the
impairment loss (if any).
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, those overheads Ihat have been incurred in bringing the
stocks to their present location and condition.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing. selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks.
1.10 Flnanclal Instruments
The charitsble Gompany has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are ￿cogniSed in the charitable companls balance sheet when the charitable company
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and setue the liability simultaneously.

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcies
(Contlnued)
Baslc flnanclal assèts
Basic financial assets, which indude debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constllutes a fjnanong transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within on8 year ar8 not amortised.
Impalmient of flnancial assets
Financial assets are assessed for indicators of impaimient at each reporting date. Financial assets are
impaired where there is objectNe evidence that. as a result of one or more events that occurred after the initial
recognition of the financial asset, the estimated future cash fiovts have been affected.
If an asset is impaired, the impaimient loss is the difference between the carying amount and the present
value of the estimated cash flows discounted at the assets original effective interest rate. The impairmenl loss
is recognised in net incomel(exp8ndiiure) for the yèar.
If there is a decrease in the impairment loss arising from an event occurring after th& impairment was
recognised, the impaimiant is reversed. The reversal is su¢h that the ojrrent carrying amount does not
exceed what the carying amount would have been. had the impairment not previously been rer@ognised. The
impaiment reversal is recognised in net incomel(expenditure) for the year.
Derecognltion of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled, or when the Gharitable company transfers the financial asset and substantially all the risks and
rewards of ownership to another entity. or if some significant risks and rewards of ownership are retained but
control of the asset has transferred to another paty that is able to sell the asset in its entirety to an unrelated
third paty.
80sic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement cx)nstitutes a
financing transaction, where the debt instrument is measured at the present value of the futurè payments
discounted at a market rate of interest. Finanaai liabilities dassified as payable within one year are not
amortised.
Debt instruments are subsequentty carried at amortised cost. using the effective inter8St rate method.
Trade creditors are obligations to pay for gwds or services that have been acquired in the ordinary Course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are der8cognis8d when the charitable company's contractual obligations expire or are
discharged or cancelled.
10-

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policles
{Continued>
1.11 Provlslons
Provisions are recognised when the charttable company has a legal or constructive present obligation as a
result of a past event, it is probabl8 that the charitable company wi51 be r8quired to settle that obligation and a
reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation al the reporting end date, tsking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the
obligation is recognised at present value. When a provision is measured ai presenl value the unwinding of the
discount is recognised as a finan￿ cost in net incomel(expenditure) in the period it arises.
1.12 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's servicos are
received.
Termination benefits are recognised immediately as an expense when the charttable company is
demonstrably committed to terminate the employment of an employee or to provide temiination benefits.
1.13 Retlrement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Crltlcal accountlng estimates and Judgements
In the application of the charitable company's accounting policies, the Council of Management are required to
make judgements, estimates and assumptions about the carrying amount of assets and liabilits'es that are not
readily apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors Ihat are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from ¢haritablè artivities
Unrestri¢ted Unrestrlcted
funds
funds
2024
2023
Incom8 from charitable activtties
Services provided under contract
36,400
710,783
34,920
780,964
747,183
815,884
11

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from inveslments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
462
160
Charltable activities
2024
2023
Staff costs
Depreciation and impaim)ent
Vehicle costs
Rent
Rates and water usage
Heat and light
Telephone
Repairs
Sundry
Premises insurance
Vehicle insurance
Bank charges
Legal and professional
Computer running costs
424,705
19,100
117,296
32.077
7,671
14,555
6.128
6.776
27,767
2,000
67,695
1,153
3,221
3.490
419,174
19,048
150,035
29,000
8.586
16,891
5,947
3,562
24,860
2,000
59,091
1,346
2,801
4,071
733,634
746.412
Share of govemanc8 costs (see note 6)
7,825
7,920
741,459
754,332
Support ¢osts allocated to actlvltles
2024
2023
Govemance costs
7,825
7,920
Analysed between:
Charitsble activities
7,825
7,920
12-

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activities
(Continued)
2024
2023
Governance costs comprise:
Independent Examination fees
Accountancy
3.000
4.825
3,000
4,920
7.825
7,920
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
3,000
19,100
3,000
19,048
Council Of Management
None of the Council of Management (or any persons connected with them) received any remuneration during
the year, and none of them were reimbursed for travelling expenses (2023: none were reimbursed).
Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Direct charitable
Support
40
Total
42
46
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
406,642
13,008
5.055
402,200
12,443
4.531
424,705
419,174
There were no employees whose annual remuneration was more than £60.000.
13-

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
(Contlnued)
Remuneration of key management personnel
The remunerab'on of key management personnel is as foll0v￿.
2024
2023
Aggregate compensation
43,526
43,740
10 Taxatlon
The charity is exempt from taxation on ts activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
Leas8hold
lrnprovements
Plant and
ma¢hlnery
Flxtur¢$,
ffttlngs &
equlpment
Motor
vehlclgs
Total
Cost
At 1 April 2023
Additions
16,852
55,251
3.182
49,560
5,581
538.350
660,013
8.763
At 31 March 2024
16.852
58,433
55.141
538,350
668,776
Depreclatlon and impaimient
At 1 April 2023
Depreciation charged in the year
16.317
520
54,374
2,661
43.749
3,509
516,241
12,410
630,681
19,100
At 31 March 2024
16,837
57.035
47,258
528,651
649,781
Carrying amount
At 31 March 2024
15
1.398
7.883
9,699
18,995
At 31 March 2023
535
877
5,811
22,109
29,332
12 Stocks
2024
2023
Finished goods and goods for resale
6,350
9,350
14-

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Debtors
2024
2023
Amounts falling due wlthin one year:
Trade debtors
Other debtors
Prepayments and aG¢wed income
87,625
7,041
48,146
65,040
10,023
27,415
142,812
102,478
14 Creditors". amounts falllng due within one year
2024
2023
Other tsxation and social security
Trade Creditors
Other creditors
Accruals and deferred income
7,217
20,373
3,236
37,039
5,138
13,080
2,096
37,259
67,865
57.573
15 Provisions for liabilities
2024
2023
Dilapidations
32,000
32,000
Movements on provisions:
Dilapldations
At 1 April 2023 and 31 March 2024
32,000
The balance represents a provision for dilapidations in respect of the leasehold propety occupied by the
charitable company.
16 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
5,055
4,531
The charitable company operates a defined contribution pension scheme for all qualifying employees. The
assets of Ihe scheme are held separately from those of the charitable company in an independently
administered fund.
15-

LIVERPOOL COMMUNITY TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific condttions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Tangible fixed asset fvnd
General funds
29,332
173,482
(10.337)
10.337
18,995
190,005
747.645
1741,459)
202.814
747,645
1741,459)
209,000
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
Tangible fixed asset fund
General funds
44.261
96.841
(14,929)
14.929
29,332
173,482
816,044
(754.332)
141,102
816,044
(754.332)
202,814
The tangible fixed asset fund reflects the value of the tangible fixed assets used operationally by the charity.
18 Related party transactlons
Other than remuneration of key management as disdosed in note 9. there were no other disclosable related
party transactions during the year (2023 - none).
19 Cash (absorbed byygenerated from operations
2024
2023
Surplus for the year
6,186
61,712
Adjustments for..
Investment income recognised in statem&nt of financial activities
Deprecialion and impaim)ent of tangible fixed assets
(462)
19,100
(160>
19.048
Movements In worklng capltal:
Decrease in stocks
(lncrease) in debtors
Increasel(de¢r8ase) in Greditors
3.000
(40,334)
10,292
(9,286)
(24,306)
Cash {absorb•d byygeneratsd from operations
(2,218)
47,008
16-