|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|
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||||||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|
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||||||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|
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||||||||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|
##
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|||||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|
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|||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|
##
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|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|
##
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|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|
##
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|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|
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|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|
##
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|||||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|
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||||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|
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