2021-03-31-accounts

Contents				Page
Trustees	annual report			1-12
Independent auditor* s		report
Statement	offinancial	activities
(including	the income	and expenditure	account)	17
Balance sheet				18
Statement	of cash flows			19
Notes to	the Financial	Statements		20-33

					Unrestricted	Total Funds	Total Funds
					Funds	2021	2020
					g		f.
				Note
Income
Income from	donations				174	174
Income from	charitable activities:
Operation of	bus services				417,428	417,428	524,604
Income from	other trading	activities:
Commercial	trading operations			6	4,524,694	4424,694	4,996,776
Other income				7	870,766	870,766	151,672
Total income					5,813,062	5,813,062	5,673,052
Expenditure
Expenditure	on other trading		acdvides;
Commercial	trading operalions				5)498)322	5.498,322	5,018,531
Expenditure	on charitable	activities:
Operation of	bus services			9	517,398	517,398	582,857
Total expenditure					6,015,720	6,015,720	5,601,388
Tax on activities				11	6,169	6,169	(37,375)
Net income/(expenditure)			and net
movement in funds for the			year		(196,489)	(196,489)	34,289
Reconciliation offunds
Total Funds brought forward					1,076,985	1,076,985	1,042,696
Total Funds	carried forward			22	880,496	880,496	1,076,985

			Group	Group	Company	Company
			2021	2020	2021	2020
		Note
Fixed assets
Investments		12	2,927
Tangible assets		13&14	872,411	825,609	176,048	240,165
Investments		15			50,497
			875,338	825,609	226,545	240,165
Current assets
Debtors		16	1,424,882	1,537,190	480,035	558,277
Cash at bank	and in hand		561)148	631,187	54)505	47,952
Total current assets			1,986)030	2,168,377	534)540	606,229
Liabilities
Creditors faIling due within one year		17	(1,768,516)	(1,805,767)	(202,611)	(188,514)
Net current	assets		217)514	362,610	331,929	417,715
Total assets	less current liabilities		1,092,852	1,188,219	558)474	657,880
Creditors falling due after one year		18	(107,291)
Provisions for liabilities		21	(105,065)	(111,234)
Net assets			880,496	1,076,985	558,474	657,880
The funds ofthe group
Unrestricted	income funds	22	880,496	1,076,985	558,474	657,880

					Group	Group	Company	Company
					2021	2020	2021	2020
				Note
Cash used in operating	activities			25	237,623	355,978	6,553	14,232
Cash flows from investing		activities
Purchase oftangible fixed assets					(307)662)	(666,777)		(62,076)
Sale Proceeds oftangible	fixed assets					5,628		5,417
Cash used in investing	activities				(307,662)	(661,149)	-	(56,659)
Cash flows from financing		activities
Repayment ofborrowing						(5,162)		(5,162)
Cash used in financing	activities					(5,162)		(5,152)
Increase (decrease) in cash		and cash
equivalents in the year					(70,039)	(310,333)	6,553	(47,589)
Cash and cash equivalents		at the beginning
of the year				26	631,187	941,520	47,952	95,541
Total cash and cash equivalents			at the end
ofthe year				26	561,148	631,187	54,505	47,952

							Charity	Charity
							2021	2020
							f	f
Income							417,992	524,604
Expenditure	on charitable				activities		(517,398)	(582,857)
Net (expenditure)/income							( 99,406)	(58,253)
Total funds	brought		forward				657,880	716,133
Total funds	carried			forward			558,474	657,880
4. Income	from	donations
							Charity
							2021	2020
Donations							174
5. Income from		charitable				activities
							Charity
							Unrestricted	Unrestricted
							Funds	Funds
							2021	2020
Nottingham	City	Council					331,393	356,974
Nottinghamshire		County Council					10,000	16,067
Bus Service	Operators			Fuel		Grant	8,000	l0,866
Membership							25	492
Other Customers							13,535	Il3,327
Pares received							6,937	26,878
Perfotmance	related		grants				47,538
Total income from			charitable
activities							417,428	524,604

. Income f	rom other trading activities
		2021	2020
Service contract income		3,875,172	4,085,479
BSOG grant	income	81,564	77,050
Fares		567,958	834,247
		4,524,694	4,996,776
. Other income
		2021	2020
Interest		390
Storage and	usage fees	289,034	137,242
Sundry receipts		341	14,430
Covid-19 Bus Service Support Grant		376,536
Release ofcapital grant		28,611
Performance	related grant	175,854
		870,766	151,672

				Subsidiary	Subsidiary
				2021	2020
				5
Turnover				4,524,694	4,919,726
Cost of sales and		administration	expenses	(5,498,322)	(5,018,531)
Other operating		income		870,376	242,220
Taxation				6,169	(37,375)
Net (deficit)/surplus				(97,083)	106,040
Amount	gift aided to the Charity
Retained	deficit	in the subsidiary		(97,083)	106,040

				2021	2020
Operational staff	salaries			218&455	238,257
Other staff costs				792	1,745
Direct vehicle Costs				95)309	99,284
Facilities costs				11,819	10,328
Advertising and	marketing				1,870
Information and	communications				254
Subscriptions				402	977
Travel expenses					286
Depreciation				64,117	80,597
Profit on disposal	offixed	assets			(2,263)
Governance and	support costs (note 10)			126)504	151,522
Total				517,398	582,857
0.Analysis ofgovernance		and support	costs
				2021	2020
Audit fees				4,090	4,090
Professional fees					334
Legal fees				783	295
PayroB and pension fees				2,406	4,273
Bank charges				315	617
Salaries and wages				109,861	116,253
Insurance costs (excluding		direct vehicle)		3,057	5,128
General office costs				1,006	7,962
Sundry expenses				164	3,564
Cash processing	costs			4,822	8,745
Hire purchase interest					261
Total				126,504	151,522

		2021	2020
		5
Current tax:
UK corporation	tax		(62,889)
Deferred tax		(6,169)	l00,264
Tax on activities		(6,169)	37,375

				2021	2020
					f
Surplus/(deficit)	before tax			(202,658)	71,664
Surplus multiplied		by the standard	rate of
corporation tax in	the UK of19%(2020;19%)			(38,505)	13,616
Effects of:
Capital allowances		in excess of depreciation		10,793	(99,798)
Effect ofdisallowed		expenditure		18,846	2,784
Effect oftax losses		brought forward		(9,441)	72,330
Timing differences				(6,169)	100,264
Effect ofnon taxable (deficit)/surplus				18,887	11,068
Tax not provided				(580)
Overprovision in prior year					(62,889)
Totaltax charge				(6,169)	37,375

2. Intangible Fixed Assets —Gro	up
				Other
				Intangible
				assets
Cost
Additions				3,943
At 31March 202l				3,943
Amortisation
Charge for the year
At 31March 2021				1,016
Net book value				1,016
At 31March 2021				2,927
3.Tangible fixed assets —group
	Plant &	IT	Fixtures &	Motor
	Machinery	Equipment	Fittings	Vehicles	Total
		K
Cost
At 1 April 2020	51,518	76,366	93,798	1,079,452	1401,134
Additions	6,966	14,714	1,445	284,537	307,662
Disposals				(5,098)	(5,098)
At 31March 2021	58,484	91,080	95,243	1,358,891	1,603,698
Depreciation
At 1 April 2020	29,054	56,841	69,684	319,946	475,525
Charge for year	8,340	12,195	13,838	222,544	256,917
Disposals				(1,155)	(1,155)
At 31March 2021	37)394	69,036	83,522	541,335	731&287
Net book value
At 1 April 2020	22,464	19,525	24,114	759,506	825,609
At 31March 2021	21,090	22,044	11,721	817,556	872,411

4.Tangibl	e fixed assets —Charity (p	arent c	ompany	) only
		Plant	&	IT	Fixtures &	Motor
		Machinery		E&quipment	Fittings	Vehicles	Total
		f.		K		K
Cost
At 1 April	2020	46,970		62,162	91,448	431,372	631)952
Additions
Disposals
At 31March 2021		46,970		62)162	91,448	431,372	631,952
Depreciation
At 1 April	2020	28,043		53,400	69,17)	241,173	391)787
Charge for year			6,492	6,213	13,199	38,213	64,117
Disposals
At 31March 2021		34,535		59,613	82,370	279,386	455„904
Net book	value
At I April	2020	18,927		8,762	22,277	190,199	240,165
At 31March 2021		12,435		2,549	9,078	151,986	176,048
5. Investments
				Group		Company
				2021	2020	2021	2020
Investment	in group undertakings					50,497
						50,497
6.Debtors
				Group		Company
				2021	2020	2021	2020
						K
Trade debtors				266,506	353,021	131,491	]37,448
Other debtors				437,207	474,792	17,201	32,634
VAT				90,681	77,840	3,907	2,046
Taxation				62,911	62,9)1
Amounts	owed by group undertakings					58/61	351,210
Prepayments				567,577	568,626	28,157	34,939
				1,424,882	1,537,190	239,017	558,277
Amounts	falling due after one year
Amounts	owed by group undertakings					241,018
				1&424)882	1,537,190	480)035	558,277

7.Creditors
	Group		Company
	2021	2020	2021	2020
	K
Trade creditors	934,700	1,215,786	47,429	60,609
Tax and social security	64,402	55,871	20,458	9,392
Other creditors	348,672	300,790	100,235	99,912
Accrued expenses	420,742	233,320	34,489	18,601
	1,768,516	1,805,767	202,611	188,514

	Group	Group	Company
	2021	2020	2021	2020
Defeired income	107,291
9.Employee costs and numbers
	Group		Company
	2021	2020	2021	2020
Salary costs	2,795,357	2,827,654	312,121	329,606
Social security costs	218,065	226,619	12,860	20,278
Pension contributions	62,762	65,039	3,335	4,626
	3,076,184	3,119,312	328,316	354,510

0. Net incoming resources
		Group		Company
		2021	2020	2021	2020
					f.
Recharged NHS pension costs (included	in pension
contributions)		18,392	19,639
Depreciation		256,917	157,312	64,117	80,597
Profit on disposal offixed assets			(2,189)		(2,263)
Release of deferred capital grant		(28,611)	(18,905)
Auditor's remuneration		12,090	10,090	4,090	4,090
1.Provisions for liabilities
				2021	2020
Deferred tax:
Timing differences				105,065	111,234
					Deferred
					tax
					g
Balance at 1April 2020					111,234
Provided during year					(6,169)
Balance at 31March 2021					105,065

				Balance at			Funds at
				IApril			31March
				2020	Income	Expenditure	2021
General fund				1,076,339	5,813,062	6,009,551	879,850
Designated	information	provision	for the Linkbus
network				646			646
				1,076,985	5,813,062	6,009,551	880,496

			Group		Company	Company
			2021	2020	2021	2020
					f,
Due	in less than one year		76,139	64,089	72,867	60,817
Due	between	1-5 years	283,625	246,639	280,625	240,367
Due	in greater	than 5 years	65,000	120,000	65,000	120,000
			424,764	430,728	418,492	421,184

xception of MOT's	.		,
		Number of	Number of
		vehicles at	vehicles at
		31March	31March
		2021	2020
Types ofvehicle
Electric vehicles		58	58
Diesel vehicles			5
Total Nottingham	City Council vehicles	58	63