CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMrrED (A Company Limited by Guarantee) GROUP REPORT AL¥D FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2022 CHAIUTY NUMBER: 700463 COMPAIYY ]¥4UMBER: 02270848
CT4N CHARITABLE TRUST FORMERL Y NOTTINGHAM COMMUNITY TRANSPORT LIMITED (COMPATrIY NUMBER 02270848, CHARITY NUMBER 700463) (A company limited by guMr#Dtee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Con¢eDts P*ge Legal & A(hninistrdtive infomalion Trustees annual report 2-10 Statement of trnstees, rcsponsibilities Independent auditor's report 12-15 Stal¢ment of financial activities (including the income and expenditure account) 16 Balance sheet 17 Statement of cash flows 18 Notes lo the Financial Statcmcnts 19-31
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED {A Company Limited by Guarantee) LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES Andy Gibbons Andrew Grieve Pam Jarvis Thulani Molife Nirav Shah Phillippa Spencer Brian Wooding Suzanne Alexander (Appointed 27 May 2021 and resigned 27 January 2023) CHARITY NUMBER 700463 COMPANY NUMBER 02270848 PRINCIPAL ADDRESS & REGISTERED OFFICE Shenvood Bus Depot, Mansfield Road, Sherwood, Nottingham, NG5 2JN STATUTORY AUDITORS HSKSG Audit. Chartered A¢counlanls and Statutory Auditors, 3 Floor, Butt Dyke House, 33 Park Row. Notttngham, NG16EE BANKERS Lloyds Bank PLC. 76 Front Street, Arnold, Nottingham, NGS 7EJ
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) TRUSTEES REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The trustees. who are also directors of the charity forthe purposes of the Companies Act, submit their annual report and the financial statements for the year ended 31 March 2022. CT4N Charitable Trust has been providing a transport service for the community since 1979. We are a charity which spe¢ialises in meeting needs that are not providcd for by the conventional passenger transport network, with a strong emphasis on supporting community organisations and individuals with a mobility impainncnt. We also provide services for non-profit organisalions in pursuance of recreation, education, health, social interaction and other areas of community involvement. The financial statements have been prepared in accordance with the accounting policies sel out in note I to the financial statcmcnts and comply with ihe charity's governing document, the CoTnpanies Act 2006 and'Accounting and Reporting by Charities.. Statement of Recommended Practicc applicable to charities preparing their accounts in accordance wiih the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effcclive l January 2019). OBJECTIVES AND ACTtVlTIES CT4N Charitable Trust is a Company Limited by Guarantee and its activities are bound by its Articles of Asso¢ialion. The main objects of the charity are the r¢lief of poverty. sickness. Inflly, old age, disability and distress amongst the inhabitants of Greater Nottingham and NottInaMshlre by thc provision of a community transport service. Thc trustees have paid due regard to guidance issued by the Charity Commission on the Public Benefit requirements in deciding what activities the charity should undertake. cr4N LTD Since January 2018, CT4N Charitable Trnst has been operdting its commercial contracts through ils subsidiary CT4N Ltd. (Company No. 10465180) and throughout the year ending to March 2022, CT4N Lid. continued to operate the followillg services.. Nottill ham Cit Council Locallinworklink Medilink Nottin hamshire Count Council L73174ll5 School contracts- thi5 year saw further expansion of our rclalionship with the County ¢ouncil, building on the previous relationship, we finished the year with 6 routes providing essential transport to school children. DeTb shire Count Council Contracted services 14 and 29 on behalf of Derbyshire County c.ouncil have been operating since October 2019 and arc du¢ lo be relendered during the 202Y23 financial year.
CT4N CHARITABLE TRUST FORMERLY NOTTJNGHAM COMMUNITY TIL4NSPORT LIMITED (A Company Limited by Guarantee) TRUSTEES REPORT {If4CORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Nottin ham Hi h School In addition to the 3 school services already operating on behalf of Nottingham High School, we succcssfully secured an additional service for the academic year 2022123. Non-contracledlcommercial o erations cr4N continued lo operate services commercially throughout the financial year,. however. due lo a reduction of customers Iravelling post pandemic and increased costs within the business, services were reviewed and through discussions with LTAS, financial funding was provided to support serviccs accordingly. The current list of cornmcrcial services operated by CT4N are.. Service 13= Nottinghatn- Wollaton Estates - Beeston Service 18: Nottingham - Beeston Rylands- Beeslon- Stapleford Service 19: Shenvood - Arnold -Bestwood Park - Top Valley Service 22 and 23.. Gamslon- Wesl Bridgford- Ruddington- Clifton- Silv¢rdale- West Bridgford- Gamston. Service 33.. Cropwell Bishop- Cropw¢ll Butler- Cotgravc- Gamston- Wesl Bridgford- Nottingham. CT4N Ltd is wholly owncd by CT4N Charitable Trust and operates on behalf of the charity, with the aim of gift aiding any surplus to the charity al the end of each year. The Board of Directors for CT4N Ltd. consists of 3 Executive Directors and 2 Non-executive Directors. The two Non-executive positions arc reserved for the Chainnan and Treasurer of CT4N Charitable Trust, to ensure trdnsparency and contact with the board of the parent company. The current Board consists of: lan Combellack Managing Director Bany Allitt Operations Director Tony Oldham Engineering Director Andrew Grieve CT4N Charitable Trust Chairman Brian Wooding CT4N Charitable Trust Treasurer EASYLINK Thc Easylink service is operated by CT4N Charitable Trust in partnership with Nottingham City Council and Nottinghamshire County Council and is a lifeline lo rcsidcnts of Nottingham, who cannot access mainsiream public transport. The contract to operate the Easylink service was retend¢red during the summer of 2021 and awarded to CT4N Charitablc Trust in August. This has been initially awarded as a 3-year contracl and can be extended for furthcr two periods thercaficr of 12 months { l + l). The service opcratcs on weekdays, between 8am and 5.30pm, with a regular team of fn"endly drivers. The operating area is limited lo the current Robin Hood Boundary of Nottingham, which includes thc full City Council boundary and the urban areas of Gedling Borough, Rushcliffe Borough and Broxlowe Borough.
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED {A Company Limited by Guarantee) TRUSTEES REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 New fully accessible minibuses have also been secured a5 part of the new conlra¢t including the addition of a wheelchair accessible vehicle for passengers travelling in larger wheelchairs and are used for a variety of trips including medical, shopping. visiting friettds or othcr Icisurc activities. To cnsurc Easylink is as altra¢tive as possible, there is no registration fee for users joining service. Bookings can be made up to 7 days in advance. Medical appointments (GP, chiropodist, optician or dental appointment) can be made up 10 3 months in advance. Users can also email or text their booking, which is useful for those who have hearing or speech ditriculties. As of Mar¢h 2022, there are over 700 rcgislered users of the service, with 500+ users registered within the City Council's boundary and a firther 2(M)+ users registered within Ihc County Council's Robin Hood boundary. EASYLINK + Following discussions with Nottingham City Council it was agreed to relaunch Ring & Ride as Easyljnk +, allowing for the service to be included on the external publicity provided by the Council. Fa5 Charged on an individual basis dcpcnding on distance travelled and is ideal for those to Irdvel outside of the Robin Hood BouL)dary or outside the nomial operating hours of Easylink. Service users are still required lo register with the Charity to ensurc that we are fijlly compliant with Section 19 legislation. GROUP TRAVEL Following a report to the Board of Trnstees regarding Group Travel, the decision to retnove the self-drive option of Group Travel was reversed. Group Trav¢1 is fundamental to the Charity and therefore we continue to build the service. The Group Travel service has thercfore been modified so that CT4N Charitable Trust now offers a driver with hire facility, for any local community or voluntary groups who meet the requirements of Section 19 legislation. In addition. we now offer a range of pre-organiscd trips offering excursions to garden centres, as well as visits to local cultural, historical venues and other places of interest, as part of our 'Connccting Communitics. initiative. CT4N Charitable Tnjsl owns 14 minibuses, which includes a range of accessible and non-accessible minibuscs, which are used across all scrvices that are operated by the Charity. The vehicles can cary up to 16 passengers plus the driver, and are all fitted with seat belts. We currently have I I wheelchair a¢cessible vehicles which have seats that can be removed to accommodate passengers that may wish to travel in their own wheelchairs. These vehicles are fitted with rcar tail-lifts so that passengcrs can board and alight with case, as well as low entry steps. which allows passengers who are mobile to board. We still continue to provide MIDAS training- the national Minibus Driver Awareness Scheme, which has been designed to enhanLe minibus driving standards and promote the safer operation of minibusc5. There is also an annual Group Travel registration fee payable each year which is sct at £1 O and reviewed each year by ihe Board of Trustees.
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Cotllpany Limited by Guarantee) TRUSTEES REPORT (INCORPOIL4TING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 RADFORD CARE GROUP CT4N Charitable Trust have continued to provide a weekly service to clients attending the Radford Care Group service in Radford. This is a purposc-build centre that provides daytime friendship and support for independent individuals, so that they can participale in activities such as arts and crafts, speakers, entertainment trips out and various fornis of exercise for the mind and body. OTHER SERVICES We also operate 3 SEN contracts on behalf of Nottingamshire County Council lo serve Derrymount School in Arnold, Foxwood Academy School in Bramcote and West Bridgford S¢hool in West Bridgford, as wcll as a number of 'ad hoc, trips for lo¢al school children to attend educational and recreational activities, as well as a number of pre-plann¢d. LOCALLINK AND WORKLINK CT4N Ltd. operates the Locallink and Worklink services on behalf of Nottingham City Coun¢il, in the city and thc wider conurbation. We also opcrate a small number of services on behalf of Nottinghamshire County Council. which are also branded and operated as Locallink serviccs. The contract to operatc the Lo¢alink and Worklink services was retendered during the summer of 2021 and awarded to CT4N Ltd with effect from 26 September 2021. This has been initially awarded as a 3-ycar contract and can be extended for a fvrther two periods thereafter of12 months (l + l). Locallink services generally operate durin¥ the daytime and provide vital links from residential areas to local shops, liealih centres, leisure facilitics, COTnmuniiy ¢entres and links to oihcr bus services. The small size of these buses means that they can access narrower streets and therefore provide a servicc to those Communities. which would othenvise be isolated from the transport network. Worklink Wl service operates during the peak periods, to provide links from the City Centre to various employmenl sites at Castle Marina and Lenton Lanc Industrial Estate, which is not servcd by a regular bus service. MEDILINK The Medilink service operatcs between the Queen's Drive Park and Ride site and links both the City Hospital and QMC via NEf Park and Ride al Wilkinson Street. The service operatcs every l O minutes, between 6.00 am and 8.00 pm, Monday to Friday. The service is based at the purpose-buili electric bus compound at Quccn's Drive Park and Ride sitc, using a fleet of I l electric buses. Working in partnership with Nottingham City Council and Nottingham University Hospitals NHS Trust who jointly fund the service, Mcdilink has been operated by CT4N Ltd since June 2014. The contract to operate the Medilink service was relendered during the autumn of 2021. Due lo a delay in the returning proccss, this was not awarded to cf4N l.td until the Spring of 2022 with the commencement of the new contract delayed until June 2022. 1.his has initially been awarded as a 3-year Contract and can be extcndcd for a further two periods thereafter of12 months (l +1 ).
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Comp8ny Limited by Guarantee) TRUSTEES REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 EAST MIDLANDS GATEWAY Working in partncrship with Nottingham City Council and SEGRO, a new electric shuttle bus service began opcrating al the new SEGRO Logistics Park at East Midlands Gateway Inexl to J24 of th¢ M l ) in September 2019. The bus service provides fret travel between the bus interchange (at the entrance to the site) and each of the ctnployment units throughout the day, whicli saves up to 15 minutes per journey compared to walking, and makes navigating the 700-aere sile easier, particularly for those with reduced mobilily. The contract to operate this service for a further 12 months was awarded lo CT4N Ltd in December 2021. ELECTRIC BUS PROJECT All of thc Lonlracted services that CT4N Ltd. provides for Nottingham City Council arc opcrated with one of their flcet of 28 clectri¢ buses, which are based at the pUoSe built electric bus compound. at Queen's Drive Park and Ride site. Following the revised Localink nctwork that was introduced in June 2021, 17 electric buses have been withdrawn and sold by Nottingham City Council and there are proposals to withdraw more electric buses during 2022. KEY ACHIEVEMENTS OVER THE LAST YEAR Between l April 2021 and 31 March 2022, Èhe key achieveTnenls for CT4N Charitable Trust and CT4N Ltd. have been as follows.. Approval from Companies House to rename Nottingham Community Transport Ltd as CT4N Charitable Trnst, with effect from 20 May 2021. Continued lo ffcruil new users to our Group Travel service including the self-drive option for community and voluntary groups. Su¢¢essfully operated a community transport pilot scheme in partnership with Mansfield CVS to provide transport for people to receive Covid vaccinations. Continuing to identify areas where further efficiency savings can be made within CT4N. Secured the Easylink, Locallinklworklink and Medilink contracts for up to 5 years and worked with the City Council to reduce the fleet of Ev's needed (o operate the remaining network. lllvested in a new cyber security packagc from our IT supplier to try and reduce the risk of a cyber- attack. Worked in partnership with other bus opcralors and local transport authoritics as part of Ihe discussions rcgarding the new Bus Service Improvement Plan (BSIP) Continued to receive fvnding via thc Dcpartmcnl for Trdnsport to support our bus services as part of the Covid Bus Services Support Grant and Bus Recovery Grant. Secured over£1 3.000 from Nottingliam CVS as part of their Covid-19 Support Grant to provide support to our most vulnerable Easylink customers. CT4N Charilable Trust being approved as a 'tted provider, as part of thc Grecnspace So¢ial Prescribing Project. Continued to invest in our people with further training in¢ludinL ILM courses and Managcmcnl CPC Refrcshcr courses. Reviewing loss-making bus services and withdrawn accordingly with a view to increasc profitability across thc organisation. Successful negotiations to deliver a pay increase to all stsff, which was the first incrcasc for four years. Working in partncrship will) the NHS to provide a dcdicatcd Covid-19 vaccine bus into various areas of Nottinghamshire lo make it easier to people to access va¢¢inations.
CT4N CHARITABLE TRUST FORMERLY No1NGHAm COMMUNITY TRANSPORT LIMITED (A Company Llmited by Guarantee) TRUSTEES REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 CT4N Charitable Trust joining the new Local Resilience Forum Community Transport Group, providing a working partnership alongside other CT Operators and NottinghaTnshirc County Council. FUTURE PLANS FOR 2022-23 Over the last 12 months, the organisation has Continued its theme of diversification so that cf4N Charitable Trust is not solely reliant on incomc from bus servi¢es operated by CT4N Ltd. The future plans for 2022123 Ènclude.. Continuing lo develop the work of CT4N Charitable Trnst including thc apw)inlmenl of a Business Development Manager. Meeting with the Board of Trustees to agree the future stralegy and direction of CT4N Charitable Trnst, including setting objectives to mcasure progress and the preparation of a business plan for the next 3-5 years. Sclting up sub ¢ommittees- Finance and audit. Policy and Governance; Development and Marketing. Launching CT4N Training, with the aim of offering D and DI driver training. MIDAS training and driver CPC training to generate additional incotnc. Setting up CT4N Travel as a separate company within CT4N Ltd. with the aim of obtaining our own ATOL licencc. Providing all front-line managers and Directors with an IOSH equivalent Health and Safely ¢ourse. Continuing lo provide training and development across all aspects of the business and in¢reas¢ knowledge and skills withill our organisalion. Renew the Operating licence for CT4N Ltd. and surrendering the Operating licence for CT4N Charitable Trust, in order to provide clear division between CT4N Charitable TNst and CT4N Lid. Reviewing the services operated by the Charity? including driver and vehicle resources lo cnsure that rc50urccs are ulilised as much as possible. The preparydtion and submission of a fijnding bid for a new community transport service for Mansfield. Continuing to apply for alternative sources of external funding, lo further support and develop our charitable scrvices. Continuing to raise our profile both within the local community and nationally, which includes increasing the marketing and promotion of all our charitable services lo raise awareness. Starting work on ISO 9001 accrcditalion for our Quality Managemcnt Syslcm. Streamlining our phone system with onc main contact number for all services. FINANCIAL REVIEW AND RISK ASSESSMENT The group continued to see strong trading within the year ending March 2022 with a robust set of accounts posted that sees an increase in retained sutylus. Further development of both the leadership and wider manag¢ment team, along witli the ¢onlinu¢d implementation of stringent financial controls have all helped contribule to the positive year. While operdtional staffing and vchiLle costs continue lo bc thc two biggest cost drivers to the business, regular reviews are made to identify possible efficiencies to ensure maximum value to the busincss. While the group continues to operate the Easylink contract and offer the Group Travel service. the profits from these services are not sufficient to support the charity as a siandalone operdtion, the principlc objective of CT4N Ltd. remains to be a fijnding source for the charity in the coming year, with the gift aiding of profits that the charity can reinvest. subject to it satisfyin¥ ils legal and regulatory obligations.
CT4N CHARITABLE TRUST FORMERLY NoINGHAm COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) TRUSTEES REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 It is the policy of the group that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level will cnsure that, in the event of a significant drop in fvnding, they will be ablc to continue the ¢harity's cUent activities while consideration is givcn to ways in which additional funds may be raised. This level of reserves has been maintained thmughout thc year. RESERVES POLICY At 31 March 2022. the charitable group ha5 unrestricted free resources of £1,157.158 (2021.. £880,496) and had free reserves. being unrestricted reserves Icss fixed assets of £372,870 (2021.. £5,158). Reserves are held to assist with the repairslrefurbishment of vcliicles and to assist with any unforcsccn vehicle costs. The target Icvel of rcserves would be to cover one month's running costs and meet our licencing requirements, at 31 March 2022 this would equate to appmximately £471,022 (2021: £501,310)- RISKS The prin¢ipal risks that the charity are subject to are= Disruption lo the operation of the bus services operated by CT4N Ltd. from ¢xternal and internal factors. Loss of signifi¢ant contracts including.. Easylink, Localinklworkling or Medilink SEGRO East Midlands Gatewaty. Commercial services in a post pandemi¢ era. The trustees have identified the operaltonal risks and implcmented strategies to mitigate those risks. In respect of the loss of contract risk there are regular customer rcvicws to ensure that service delivcry is being provided in accordance with the contract requirements. The main contrncts are subject to the llOTmal risks associated with public scctor funding in the present economic climate and the trustees are aware of the poiential for additional risk due to the COVID-19 pandemic. STRUCTURE GOVERNAI¥CE AND MANAGEMEIYT Nottingham Community Transport Limited changed its name lo CT4N Charitable Trust on 20 May 2021. CT4N Charitable Trust is a Company Limited by Guarantcc and its Activities are bound by a formal ¢onstitution as incorporated with Companies House on 24 June 1988. The Company applied for charitable status with the Charities Commission registered on 15 July 1988 (No. 700463). A revised Articlcs of Association were adopted on 28 July 2016 (Amended on 20th May 2021), to ensure that CT4N Charitable Trust can reflect changing circumstances and new developments. The charity has no share capital and the liability of each member in the event of winding-up is limited to £1. Notninalions to the board lake place at the AGM each year.
CT4N CHAIUTABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TtL4NSPORT LIMITED (A CompaDy Limited by Guarantee) TRUSTEES REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 The trustees, who are also the dir¢ctors for the purpose of company law, and who served during the year and up lo the date of signature of the financial statements wcre: Andy Gibbons Andrew Grieve Pam Jarvis Thulani Molife Nirav Shah Phillipa Spencer Brian Wooding Suzanne Alexander (Appointed 27 May 2021 at]d resi¥ned 27 January 2023) Laurance Wright (Resigned 29 April 2021 } Neil McGowan (Resigned 4 October 2022) CT4N Charitable Trust holds an Annual Gcncral Meeting and invites all metnbcrs to attend and to nominate persons as potential committee members. Trustees hold office until the end of the next Annual General Meeting when th¢y become eligible for rc-elcction and Can be re co-opted. The Management Committee can co-opt up to 3 persons to become Trustees to offer ihe Company special skills or qualities. The process for co-option includes a written application. intcrview by the Chairnian and cle10n subject lo a vole by the Management Committee. None of the trustees has any beneficial interest in the company. All of thc trustccs are members of the company and guarantee to contribute £1 in the event of a winding up. RECRUITMENT AND APPOINTMENT OF TRUSTEES Thc directors of the charitable company are also charity trustees for the purposes of charity law and under ihe charitable company's Articlcs are known as members of the Board of Trustees. In accordance with the Articles of Association the members, may from time to time elect any person. who agrees to hold office, lo be a Trustee. The minimum nutnber of Trustees is three and there is a maximum of twelve, excluding any co-opted Trustees. KEY MAIYAGEMENT PERsof4NEL Ian Combellack Managing Director Tony Oldham Engineering Dir¢¢lor Wayne Musson Fleet Manager Chris Wouldhave HR Manager Barry Allitt Operalions Director John Shaw Operations Manager James Berry Finance Manager DECISION MAKING The trustees considcr the Board of Trustees and the Chief officer as comprising the key management personnel of the charity in charge of directing and controlling thc Charity and running and operating Ilie charity on a day to day basis. All trusiees give up their time freely and no trllstee ren]uneration was paid in the year. Trustees are required to disclose all relevant interests and register thetn with the Chief Officer and in accordance with thc Chariiies policy withdraw from decisions where a conflict of interest arises.
CT4N CHARITABLE TRUST FORMERLY NorfiNGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) TRUSTEES REPORT (INCORPORATING THE DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2022 TRUSTEE INDUCTION AND TRAINING All llew members of the Board of Trustees spend lime with senior management to familiarise thetnsclvcs with the workings of the project. They receive copies of the govcrning documents and a set of the latest accounts and the Charity CoTnmission's guidance on the duties of a I'rustee. All Trnstees are givcn a copy of Ihe"Good Govemance" code. KEY MANAGEMENT PERSONNEL REMUNERATION POLICY Salary reviews are carried out each year by Ihe Trustee Board. However, a rcview does nol guarantee a pay rise and there 15 no contractual right to an annual pay rise. Staff will be informcd of the result of the review in writin AUDITOR Sincc the year end, the charity appointed HSKSG Audit. being the successor firn) to Cobb Burgin, the previous auditor. In accordance with th¢ company's articles, a resolution proposing that HSKSG Audit be reappointed as auditor of the company will be put ai a General Meeting. In so far as the trnstees are aware: there is no relevant audit infonnation of which the charitable company's auditor is unaware. and the trustees havc lak¢J] all steps that they ought to have taken to make themselves aware of any relevanl audit inforniation and to establish that thc auditor is aware of that infonnation Signed on bchalf of the members of the board of trustees Andrew Grieve- CT4N Charitable Trnst Limited Chairperson Date If12 IL3 io
CT4N CHARITABLE TRUST FORMERLY NOTTI]YGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guaralltee) STATEMENT OF TRUSTEES, RESPONSIBILrrIES FOR THE YEAR ENDED 31 MARCH 2022 The trustees (who are also directors of cf4N Charitable Trust for the purposes of company law) are responsible for preparing the Trustees. Annual Report (including the Directors Report) and thc financial statements in a¢cordance with applicable law and United Kingdotn Accounting Standards (United Kingdom Generdlly Accepted Accounting Practice)- Company law requires the tnjstees to preparc financial statements for each financial year, which give a Irue and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including th¢ income and expenditure. of the charitable cotnpany for that period. In preparing these financial statements, the tNslees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and prin¢iples in the Charities SORP. make judgements and cslimales that are reasonablc and prudent,. state whether applicable UK Accounting Standards have been followed. subject lo any malerial departures discloscd and explained in the financial statetnenls,. prepare the financial statements on the going concen) basis unless It is inappropriate to presume that thc charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the ¢haritable company and enable them to ensure that the financial slalements cotnply with the Companies ALt 2006. They are also responsible for safeguarding the asscls of the charitable company and hence for taking reasonable steps for thc prevention and detection of fraud and other irregularities
CT4N CHARITABLE TRUST FORMERL Y NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) INDEPEP4DEIYT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF cr4N CHARITABLE TRUST FOR THE YEAR ENDING 31 MARCH 2022 OpiDioll We have audited the financial statements of CT4N Charitable Trust (fhe'parent ¢haritable company") and ils subsidiary (the "wup") for the year ended 31 March 2022 which comprise the Consolidated Statetnent of Financial Activities (including income and expenditure account), the Consolidated Statement of FiThancial Position, the Consolidated Statement of Cash Flows and the notes to the financial statcmenls. including a summary of SIlfiCant ac¢ounting policies. The financial rcporting framework that has been applicd in their prcparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ircland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the statc of the group's and the parent charitable co]npany's affairs as al 31 March 2022 and of the group's incoming resour¢es and application of resources, including ils incorne and expenditure, for tlie year then ended,. have been properly prepared in accordance with Uniled Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Aci2011. Basis for opinion We conducted our audii in accordance with International Siandards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards arc further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parcnt charitable company in a¢¢ordance with the etliical requirttmenls that are relevant to our audit of the financial statemcnts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with thcse requirements. We believe thal the audit evidence we have obtained is sufficieni and appropriate to provide a basis for our opinion. Conclusions relating to going concerD In auditing the financial stalemenls, we have concluded that the trusiees, use of the going concern basis of accounting in the preparation of ihe financial statemcnts 15 appropriate. Bascd on the work we have perfornicd, wc havc not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on thc group and parent charitable company's ability to continue as a going concen) for a period of at leasl twelve months from when the financial statements are auth0ri5ed for issue. Our responsibility and the responsibilities of the trustecs with respect lo going concern are described in the relevant sections of this report. Other information The TNslees are responsible for the other infonnation. The other information comprises the infonnation included in the Trustces, annual report, other than the financial stateinents and our auditor's report thereon. Our opinion on the financial statements does not cover Ilic other infom]alion and, except to the cxtellt othcrwise explicitly stated in our report, we do not expres5 any fom of assurance conclusion thereon. 12
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF CT4N CHARITABLE TRUST FOR THE YEAR ENDING 31 MARCH 2022 {CONTINUED) In connixlion with our audit of the financial statements, our responsibility is lo read the other inforniation and, in doing so, consider whctl)er the other information is materially inconsistent with the financial slatcments or our knowledge obtaincd in the audit or othenvise appears to bc materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo detennine whether Ihcrc 15 a material misstateinent in the financial statements or a material misstatement of the other information. If, based on the work we have perfornied, we conclude that there is a tnatcrial misstatement of this othcr information, we are required io report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by The Companies A¢t 2006 In our opinion, based on the work undertaken in the course of the audit: thc infom)alion given in the Trustecs, rcport (incorporating the directors. report) for the financial year for which the tinancial statemcnts are prepared is consistent with thc financial slalem¢nls,' and the directors, rcport has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptioD In the light of our knowledge and undcrstanding of the group and parent charitable company and its envirorunent obtained in the ¢ourse of the audit, we have not identified material misstatctnents in the directors, report. We have nothing to report in respect of the following matters in rclalion to which the Companies Act 2006 reouires us to report to you if, in our opinion.. adequate and sufficient accounting records have not been kept by the parent charitable company, or returns adequatc for our audii have not been receivcd from bran¢hes not visited by us.. or the parent charitable compai)y's financial statements are not in agreement wilh the accounting records and retunLS.' or ccrtain disclosures of trustees. rcmuneration specified by law are not madc,. or we have not received all the information and explanations we require for our audit,. or the Trustees wcre not enliiled to prepare tlic financial stalements in accordance with the small companies, regime and lake advantage of the small companies, exemption in preparing the dire¢tors' report and from the requirement to prepare a slral¢gi¢ report. Responsibilities of trustees As explained more fully in thc Trusle¢s' responsibilities statcmcnt sel out on page I I, the Trustees (who are also ihe directors of thc charitable company for the pUoseS of company law) are responsible for the prcparalion of the financial statcmcnts and for being satisfied that thcy give a ilue and fair view, and for such internal control as the Trustees delem]ine is necessary to cnablc the preparalion of financial ststements that are free from material misstatement, whether due to fraud or ettor. In prcparing the financial stateEnents, the Trustees ar¢ responsible for assessingy the group's and parent charitable company's ability to continue a% a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unlcss Ilic Trustees either intend to liquidatc the group or the parent charitable company or lo Cease operdtions. or have no realisti¢ alternative but to do so. 13
CT4N CHARITABLE TRUST FORMERLY NorriNGHAM COMMUNITY TIi4NSPORT LIMITED (A Compally Limited by Guarontee) INDEPENDENT AUDITOR'S REPORT TO TEIE MEMBERS AND TRUSTEES OF CT4f4 CHARITABLE TRUST FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) Audltor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whciher due to fraud or error, and to issuc an auditor's report that includes our opinion. Reasonable assurdnee is a high level of assurance, but is not a guaranlee that an audit conducted in aceordance with ISAS (UK) will always detect a material misstatement when il exists. Misstatements ean arise from fraud or error and are considered material if, individually or in thc ag¥re¥ate, they could reasonably bc expected to influenc¢ the economic decisions of users taken on the basis of these financial statements. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We dcsign procedures in linc with our responsibilities, outlined abovc, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting IegularitIcs, including fraud, is dctailcd below. We considered the nature of the group and parent charitable company's busincss and its ¢onlrol environtnent. We also enquired of managcment about their identification and assessment of the risks of irregularities. We obtained an undcrstanding of the legal and regulatory fratllework in which the group and parent charitable company operate and identified key laws and regulations that.. had a direct cffcct on the deierniination of material amounts and disclosures in the financial statcmcnts, which included the Companies Act 2006, Charities Act 2011, tax legislation and payroll Icgislation. and did not have a direct elTcct on the fmancial statements but compliance with whi¢h may be fundamental to the group and parcnt charitable company's ability to operate. We discussed among the audit engagement team the opportunities and incentives that may cxi5t within the organisation for fraud and how I where fraud might occur in the financial statements. In common with all audits under ISAS (UK). we are also required to perforn] specific procedures lo restK)nd to thc risk of management oVeide. In addressing the risk of fraud through management override of controls, we tested the appropriateness of acLOUnting adjustments and journal entrie5, asscsscd whether accounting estimatcs were reasonable and accurate and reviewed the accounting records for any significant and unusual transactions. In addition, our proccdures to respond to the risks idcntificd included.. Reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on th¢ financial statements. Perforn)ing analytical procedures lo identify any unusual or unexpected variances that may indicate risks of material misstatement due to fraud.. Enquiring of management about any instances of non-compliance with laws and regulations and any instanccs of known or suspected fraud; Because of the inherent limitations of an audit, there is a risk that we will E]Ot detect all irregularities. in¢luding those Irading lo a material misstatcmcnt in the financial statements or non-compliance with regulation. This risk increases the more that cotnpliance with a law or regulation is removed from the events and transactions reflcctcd in the financial statcmenls, as we will be less likely to bccome aware of instances of non-compliance. The risk is also greater regardinLi irregularities occurring duc to fraud rather than etTor, a5 fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. 14
CT4N CHARITABLE TRUST FORMERLY INOlNGHA COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF CT4N CHARITABLE TRUST FOR THE YEAR ENDING 31 MARCH 2022 {CONTINUED) A further description of our SponSibl11t1eS for the audit of Ihc financial statements is located on the FRC'S website at.. htt s.'/lwww.frc.or .uklOur-WorWAudiUAudit-and-assuranc&Standards-and- uidan¢elStandards- and- uidance-for-auditorslAuditors-res onsibilitics-for-auditlDescri tion-of-auditors-res onsibililies-for- audit.as This descriplion fomJs part of our auditor's report. Use of our rert This report is made solely to the parent charitable company's members, as a body. in accordance with chaptcr 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members tliosc matters we are required to state to thcm in an auditor's report and for no other purpose. To the fullest extent pemiilled by law, we do not accq)t or assume responsibility to anyone other than the charitable company and thc charitable compally's membcrs as a body, forouraudit work, for this report, or for the opinions we have fornied. teSLI)G /J* Philip Handley FCA {Senior Statutory Aud- for and on behalf of HSKSG Chartcrcd Accountants & Statutory Auditor 3 Floor Butt Dyke House 33 Park Row Nottingham NGI 6EE Date: 19 Tr WL£h 29 15
CT4N CHARITABLE TRUST FORMERLY NOThINGHAM COMMUNITY TRANSPORT LIMITED (A Company Litllited by Guaralltee) COTrISOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDING 31 MARCH 2022 Unrestricted Total Fullds Total Funds Funds 2022 2021 Note Ineome Incomc from donations and legacies Income from charitable activities.. Operation of bus services 25 25 174 488,422 488,422 417,428 Income from other trading activities.. Commercial trading operations 4,506,789 4,506,789 4,524,694 Other income 917J45 917J45 870,766 Total income 5,912,581 5,912,581 5.813,062 Expenditure Expcnditure on other trading activities.. Commercial trading operations 5,193,631 5,193,631 5,498,322 Expenditure on charitable activities= Operation of bus services 458,636 458,634 517,398 Totil expenditure 5,652,262 5,652,265 6,015,720 Tax on activities {16,346) (16J46) 6,169 Net ineomel(expenditure) and net movement in funds for the year 276,662 276,662 (196,489) Retonciliation of fuDds Total Funds brought forward 880,496 880,496 ,076,985 Total Funds chrried forword 18 1,157,158 1,157,158 880,496 The statement of financial activities includes all gains and losscs recognised in the year. All incoiyje and cxpcnditure derive frorn continuing activities. The notes on pages 19 to 31 form part of these finaDcÈal stAtements 16
CT4N CHARITABLE TRUST FORMERLY NOTTIP4GHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT 31 MARCH 2022 COMPANY NUMBER 02270848 Group Comp*lly 2022 2021 2022 2021 Note Fixed assets Intangibl¢ assets Tangible assets Invcstmenls io 11&12 13 3.290 780,998 2,927 872,411 131 J83 49,215 176,048 50,497 784,289 875,338 180,598 226.545 Current a$$ets Debtors Cash at bank and in hand 14 936,768 ,172,497 1,424,882 561,148 378,901 180,929 480.035 54.505 Total current assets 2,109,265 1,986,030 559,830 534,540 Liabilities Creditors falling due within one year 15 (1,521,113) (1,768,516) {149,58J) (202,611) Nel current assets 588,152 217,514 410,249 331,929 Total assets less currellt liabilities 1,372,440 1.092,852 590,847 558.474 Creditors falling due after olle year 16 (127,700) (107.291) Provisions for liabilities 17 (87,582) (105,065) Net assets 1,157,158 880.496 590,847 558,474 Tbe funds of the group Unrestricted income funds 18 1,157,158 880,496 590,847 558,474 These accounis have been prepared in accordance with th¢ special provisions relating to stnall ¢ompanies within Part 15 of the Companies Act 2006 and with th¢ Financial Reporting Standard 102. These statements were approved by the board of trustees on -____ Andrew Grieve-Trustcc The notes on pages 19 to 31 form part of these fillancial statements 17
CT4N CHAIUTABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED {A Company Limited by GuArAnlee) STATEMENT OF CASH FLOWS AND CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2022 Group Company 2022 2021 2022 2021 Nole Cash generated from operations (used in operating activities) 22 765,406 237,623 123,177 6,553 C85h flows from investillg activities Purchasc of tangible fixed assets Purchase of intangible fixed assets Repayment of loans and receivables Sale Proceeds of tangible fixed assets Investment income received (152,558) (307.662) {1,500) {597) 1,282 2,562 Cash generated (used) ill inve$tin2 activities (154,058) {307,662) 3,247 Increase Idccrease) in cash and cash equivalents in the year 611,348 (70,039) 126,424 6.553 Cash and cash equivalents at thc beginning of ihe year 23 561,148 631,187 54,505 47,952 Total cash and cash equivalents at the end of the }'ear 23 1,172,497 561.148 180,929 54,505 The notes on pages 19 to 31 form part of these financi81 statement5 18
CT4N CHAIUTABLE TRUST FORMERL Y NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by GuArantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDIIYG JI MARCH 2022 l. Accounting policies CT4N Charitable Trust (fornierly Nottingham Communiiy Transport Limited) 18 a private Company limited by guarantee incorporated in England and Wales. The registered office is Shenvood Bus Depot, Mansfield Road, Shen¥ood, Nottingham. NG5 2JN. A) Basi$ of preparation The financial statements havc bcen prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with Financial Rcportillg Standard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies A¢1 2006. CT4N Charitable Trust meets the dcfinition of a public benefit entity under FRS 102. The financial statcmenls are prepared on a going concern basis under historical cost convention, modified lo include certain items at fair value. The financial statements are prcscntcd in sterling which is the financial currcncy of the Charity and rounded to the nearest £. b) Preparation of the accounts on a going concern basis Al the titne of approving the financial statements. the Irusiees have a reasonable expectation that the charity has adequatc rcsources to continue in operational cxistcnce for the foreseeable future. Thus the trustees continue io adopi the going concern basis of accounting in preparing the financial statements. c) Group financial statements The financial statcments consolidate the results of the parcnl charitablc company, CT4N Charitable Trust and its subsidiary CT4N Lid on a line-by-line basis. Separate Statcment of Financial A¢tivilies and Income and Expcnditurc Accounl for the Charity has not been presented because the Charity has taken advantagc of the exemption afforded by se¢lion 408 of the Companies Act 2006. d) Income Income is recogni5ed when the group has entitlement to the funds, any perfom)an¢e conditions attached to the item(s) of income havc been mei, il is probable that the income will bc rcccivcd, and the amount can be measured reliably. Income from charitable activities represents revenue earned from bus transport services operatcd in accordan¢e with specifi¢ service agrecments, as well as fa income and hire of vehicles. Where appropriate amounts are shown nel of VAT. incomc from charitable activities is shown at the fair value of the consideration re¢eived or re¢eivable. Income from uther Iradingi a¢tivities represents gross revenue carned from public transport services opcratcd in accordancc with specific service conlraet agreemenis, including amounts receivable from coneessionary fare schcmcs, as well as fare income gcncratcd from ¢ommercial routes operdted. Where appropriate, amounts are shown nel of VAT. Income from other trading a¢tivities ts shown at the fair value of the consideration received or receivable. Income from government and other grants, whether 'capiial' grants or 'revenue' grants. is recognised when the group has elllitlcmenl to the funds, any pcrforniancc conditions attached to the grant have been mct, it is probable 19
CT4N CHARITABLE TRUST FORMERL Y NOTTtNGHAIVI COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) that the in¢ome will be received, and the amount can be reliably measured. Capital grants received prior to the introduction of FRS102 are released over the usefvl life of the asset. Income received in advance for the provision of transportation services over a specified period of lime is deferred until the criteria for income recognition are met. e) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the group; this 15 norn]ally upon notification of the interest paid or payable by the bank. fj Fund aecountillg Unrestricted funds are available to spend on a¢tivities that further any of the puryoses of the group. DesigDatcd fund5 are unrestricted funds of the group which the Trustees have decided ai their dis¢retion to set aside to use for a specific purpose. Restricted funds are donations which thc donor has specified are to be solely uscd for the particular areas of the Charity's work or for the specific transportation projects being operated by the group. g) Expenditure Expenditure is recognised once there is a Icgal or Constructive obligation to make a payment lo a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expcndilure is classified under the following 2Ctivity headings.. Expenditure on other trading activities Comprise the costs of commercial trading including the costs of providing public transport services and their associated support costs. Expenditure on charitable activities includes the costs of providing transporialion services for sick and vulnerablc people and other transportation service rclated projects undertaken to further the pUoseS of tlie group and their associated support costs. h) AllocatlOD of 5UPPOrt and governance costs Support costs are those functions that assist the work of the gmup but do not directly undertake charitable activities. Support costs include the nIOr managem¢nt team costs and govcrnance cosis which support the Charity's services. These costs have been allocated between cost of raising funds and expenditure on charitablc activitics. The basis on which support costs have been allocated are set out in note 8. Govemance costs comprise all costs involving the public accountability of the group and its compliance with regulation and good pra¢lic¢. These includc costs relating lo statutory audit, legal fccs together with an apportionment of SUPFK)rt costs. l) Leases Rental payable and rcccivable under operating leasc5 arc charged lo the SOFA on a straIt linc basis over the period of the lease. 20
CT4N CHAIUTABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guar#ntee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) j) IntAllglble assets Intangible assels are initially recognised at cost. After the initial recognition, intangible assets are mcasured al cost less accumulated amortisation and any accumulated impairn)ent losses. Licence plates are being amortised in line with the buses they are atla¢hed to at 250/0 reducing balance. k) Tangible fixed assets and depreciatio Indtvidual fixed assets costing £500 or mor¢ are capitalised at cost and are depreciated over their estimated useful economic lives as follows.. Asset Cydtegory Annual Rate Motor vehicles Plant and machinery IT and office equipment Fixtures and fittings 25Q/o rcducing balance, 10 % and 140/0 Straight line 15 % reducing balance, and 27.5 % straight linc 330/0 Straight line. and 20 straight line 20 /• Straight line l) Debtors Tradc and other debtors are recognised at the seitlemenl amount due afier any trdde discount offered. Prepaymcnts are valued al the amount prepaid nct of any trade dis¢ounts due. m) Cash at bank and in hand Cash at bank and cash ill hand includes cash and short term highly liquid inveslmenls wilh a short maturity of Ihree tnonths or less from thc date of acquisition or opening of thc dcposii or similar account. n) Creditors And provisions Creditors and provisions are reeognised where the group has a present obligation resulting from a past event that will probably result in the transfcr of funds lo a third party and the amount due to settle the obligation Can be measured or estimated reliably. Creditors and provistons are nornially rccogni%d al their settlement amount after allowing for any trade discounis due. o) Financial illstruments The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financsal instrnments are initially recognised at transaction value and subsequently measured at their seitlemenl value. p) Taxation Taxation for the year comprises current and deferred tax arising in the a¢¢ounts of the subsidiary. Tax is rccogniscd in the consolidated statcmcnt of financial activities. Current or deferred taxalion assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the lax rates and laws that have been enactcd or substantively cnacled by the balance sheet date. 21
CT4N CHARrrABLE TRUST FORMERL Y NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) q) Deferred tax Deferred tax is recognised in respect of all timing differcnccs that hov¢ originated but not revcrsed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using lax rates and laws that have been enacted or substantively enacted by th¢ year end and that are expccted to apply to the reversal of the timing difference. Unrelieved lax losses and oiher d¢ferred tax assets are recognised only lo the exlent that it is probable that they will be re¢overed against the rcversal of deferred tax liabilities or oiher tUre taxable profits. r) Pensions Nine employees who were transferred io the group from the NHS upon the award of the Medilink contract were entitled to remain in the NHS Superannuation pension scheme under the Transfer of Undertakings (Protection of Employment) Regiulalions 2006. This pcnsion s¢heme is a defined benefit scheme and is administered by the NHS. Thc full employer's contributions are recharged to the group under S7(2) Direction of ihe Superannuation {Miscellaneous Provisions) Act 1967. The contributions made to thc scheme in 2022 were £17,055 (2021: £18,392). At 31 March 2022 six scheme members remain in cmployment with the group. Ther¢ r¢mains the possibility of a pension fund deficit contingent liability, howevcr the Trustees are unable to quantify any such potential liability a5 such data is not available in respcct of the employees involved and the scheme as a whole. For the remaining cmployees, the group operates a defined contributions plan for the benefit of its employees. Contributions are expected as they become payabl¢. The contributions madc by the group for the year cnded 31 March 2022 are Irealed as an expense and lolalled £41.411 (2021= £44,370). Toial pension contributions outstanding al the year end totalled £l1.535 (2021: £11,547)- 2. Legal st8tus of the group The parent charitable company is a company limited by guarantee and has no share capital. In the event of the parent charitable company being wound up, the liabiliiy in respect of the guarantec is limited to £1 per membcr of the Charity. The Charity's registered number and registered office address can be found on page l. CT4N Lid, is a l OOO/o subsidiary of cf4N Charitable Trust . is limited by guarantee and has no shar¢ capslal. In the event of the company being wound up, the parcnt company guarantees to pay £1 towards the ¢osls of dissolution and the debts and liabilities of the company. The subsidiary company's registered number is 10465180 and ils registered office address is the same as the parent charitable company. 22
CT4N CHAIUTABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRAL¥SPORT LIMITED (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) 3. ID¢ome from donation$ Charity 2022 2021 Donations 25 174 4. Income from eharilable actitieS Charity Unrestricted Unrestricted Fullds Funds 2022 2021 Nollingham City Council Nollinghamshire County Council Bus Service Operators Fuel Grant Membership Other Customcrs Fares rcccived Performance related grants 413,714 331,393 10,000 8,000 25 13,535 6,937 47,538 12,066 142 28,797 33,703 Total income from charitable ctivities 488,422 417,428 5. Income from other trading activitie5 2022 2021 Service contract income BSOG granl income Fares 3,671,261 146,458 689,070 3.875.172 81,564 567,958 4,506,789 4,524,694 Other income 2022 2021 Interest Storage and u5ag¢ fees Sundry receipts Covid-19 Bus Service Support Grant Releas¢ of¢apital grant Perforn)ance related grant Bus recovery grant 390 289,034 341 376.536 28,611 175,854 206,104 25,923 598,953 35,764 50,601 917J45 870,766 23
CT4N CHARITABLE TRUST FORMERL Y NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A CompaDy Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) 7. Analysis of expenditure on charitable Aetivitbes 2022 2021 Operational staff salaries Operational staff social security Operational staff pensions Other staff costs Direct vehicle Costs FacilitlC5 Costs Subscriptions Deprceiation Governancc and support costs (note l O) 124,410 6,789 1,827 3,272 165,186 2,017 435 45,264 109,434 206,656 9,131 2.668 792 95,309 11.819 402 64,117 126,504 Total 458,634 517,398 8. Analysis of governance aDd support costs 2022 2021 Audit fccs Fees paid lo auditors for non-audit work Legal fees Payroll and pension fcc5 Bank charges Support staff salaries Support staff social s¢¢urity Support staff pensions Insurancc costs (excluding dircct vchicle) General office cosls Sundry expenses Cash processing costs 2,000 3,000 2,574 2,709 522 87,762 3,481 875 260 144 2,045 2,045 783 2,406 315 105,465 3,729 667 3,057 1.006 164 4,822 6,107 Total 109,434 126,504 24
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A CompaDy Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) 9. Employee c05t5 aud numbers Group Company 2022 2021 2022 2021 Salary costs Social sccurity costs Pension contributions 2,527,915 202,509 58,466 2,795.357 218,065 62.762 212,172 10,270 2,702 312,121 12,860 3,335 2,788,890 3,076,184 225,144 328,316 No employee received emoluments of more than £60,000. The average number of group employees during the year was 121 (2021.. 136). The 2022 figure forthe Company was 16. The 2021 figure for the Company was 22. The averagc number of group operational staff during the year was 110 (2021.. 124). The 2021 figure for the Company was 13. Th¢ 2021 figure for the Company was 18. During the year the group contributed io the NHS superannuation schcme on behalf of 6 employees {2021: 6 employees). During the year. the group made ex-gratia paymcnts totalling £1 1,500 to two employecs. Key management personnel Total payincnts lo key management personnel including benefits for the year amounted to £96,494 (Company: £Nil,, Subsidiary.. £96,494) (2021.. £261,479, Company.. £14,629, Subsidiary: £246.849). Trustees. remuneration, benefits and expenses No Trustees received any expenses. remuneration or benefits during the y¢ar 10. llltillgible Fixed Assets- Group Other Intangible assets Cost At l April 2021 Additions 3,943 1,500 Ai 31 March 2022 5,443 Amortisation Al l April 2021 Charge for year 1,016 1,137 Ai 31 March 2022 2,153 Net book value At 31 March 2021 2,927 At 31 March 2022 3,291 25
CT4N CHARrrABLE TRUST FORMERL Y NOTTINGILiM COMMUNITY TIL4NSPORT LIMITED (A Company Lin)ited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) 11. Tangible fixed a$set$- group Plant & Machinery IT Equipment Fixtures & Fittings Motor Vehicles Total Cost Ai l April 2021 Additions Disposals 58,484 91,080 3,035 95,243 16,962 1.358,891 132,561 1,603,698 152,558 At 31 M¥Jrch 2022 58,484 94,115 112,205 1,491,452 1,756,256 Depreciation At l April 2021 Charge for year Disposals 37.394 4.441 69,036 8,995 83,522 13,230 541,335 217,305 731287 243,971 At 31 Marcb 2022 41,835 78,031 96,752 758,640 975,258 Net book value At 31 March 2021 21,090 22,044 11,721 817,556 872,411 At 31 March 2022 16,649 16,084 15,453 732,812 780,998 26
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A CompaDy Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) 12. T8ngible fixed as$ets- Charity (parent company) only Plant & IT Mathinery Equipment Fixtures & Fittings Motor Vehicles Total Cost At l April 2021 Additions Disposalg 46,970 62,161 597 91,448 431,372 631,951 597 At 31 Morch 2022 46,970 62,758 91,448 431,372 632,548 Depreciation Ai l April 2021 Charge for year Disposals 34,535 2.138 59,612 1,996 82.369 9,079 279,385 32,051 455,901 45,264 At 31 March 2022 31673 61,608 91,448 311,436 501,165 Net book value Ai 31 March 2021 12,435 2,549 9,078 151,986 176,048 At 31 March 2022 10,297 1,150 119,936 131,383 13. IDvestments Group Company 2021 2021 2021 2021 Investment in group undertakings 49,215 50,497 49,215 50,497 14. Debtors Group Company 2022 2022 2021 2021 Trade dcbtors Other debtors VAT Taxation Amounts owed by group undertakings Prepayments 371,781 207,618 33,278 266,506 437,207 90,681 62,911 76,744 9,331 S,594 131,491 17,201 3,907 28,290 45,027 58,261 28,157 324,091 567,577 936,768 1,424.882 164,986 239,017 Ajllounts fllling due after otke year Amounis owed by group undertakings 213,915 241,018 931768 1,424.822 378,901 480,035 27
CT4N CHAIUTABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by Guirantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) 15. Creditors Group Company 2022 2021 2022 2021 Trade creditors Tax and social security Other creditors A¢crued expenses 357,666 86,907 256,116 820,424 934,700 64.402 348,672 420,742 20,742 23,240 54,383 51216 47,429 20,458 100,235 34,489 1,521,113 1.768,516 I4981 202,61 16. Creditors due in greater than one year Group Compally 2022 2021 2022 2021 Deferred incomc 127,700 107,291 17. Provisions for liabilities 2022 2021 Deferred tax: Timing differences 87,582 105,065 Deferred tax Balance at l April 2021 Provided during year 105,065 (17,483) Balance at 31 March 2022 87,582 28
CT4N CHARITABLE TRUST FORMERLY NorfINGHAM COMMUNrrY TRANSPORT LIMITED (A Company Limited by Guydrantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) 18. Analysis of group funds Analysis of movemellts in unrestricted group fullds Balance at l April 2021 Funds at 31 March 2022 lllcome Expenditure General fvnd Designated inforniation provision for the Linkbus network 879,850 5.912,581 5,635,919 1,156,512 646 646 880,496 5,912,581 5,635,919 1,157,158 Name of unreslricted fund, description, nalure and purpose of the fuDd Gctteral Funds - The 'free rescrvcs, after allowing for all designated funds. Designated funds Designated inforn)ation provision for the Linkbus network is funds received from Nottingham City Council sel aside to fund markcting and inforn]ation about the Linkbus network and the transfer of the Linkbus tkctwork lo CT4N Ltd. 19. Income earned from other actlvldes The wholly controlled trading subsidiary CT4N Ltd is incorporated in the United Kingdom (company nutnbcr 10465180). The Company intends lo pay some of its profits lo the Charity under the gift aid scheme, while retaining some funds to invest in future growth. CT4N Ltd operatcs all of the commercial contracts previously operated by the Charity. The surnmary financial perforn)ance of the subsidiary alone is.. Subsidiary 2022 2021 Turnover Cost of sales and adminislrdtion expenses Other operating income Taxation 4,360,331 4,443,130 (4,366,824) (4,666,990) 1,063,803 951,939 16,346 6,169 Nel (deficil)/sutylus 244,291 (97,083) Amounl gift aided to the Charity Retained defitit in the subsidiary 244,291 {97.083) Thc nel ass¢is of the subsidiary al 31 March 2022 werc £614.881 {2021.- £371,872). 29
CT4N CHAIUTABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRANSPORT LIMITED (A Company Limited by GuaraDtee} NOTES TO THE ACCOUNTS FOR THE YEAR ENDIIYG 31 MARCH 2022 (CONTINUED) 20. Leases Group Company 2022 2021 2021 2021 Due in less Ihan one year Due between 1-5 years Duc ID &Freater than 5 years 114,945 397,527 76,139 283.625 65,000 111,945 397527 72,867 280,625 65,000 512,472 424,764 509,472 418,492 21. In kind transaction$ The gr(iup is providcd with 58 {2021.. 58) diesel and electric powered vehicles, owned by Nollingham City Council, in order for the group to deliver its various services. The group is responsiblc for the upkeep and maintenance of the electric vehicles. The warranty on these vehicles expired in March 2019. The maintenance costs relating lo the diesel vehicles arc recharged lo the council as part of their service contract. with the exception of MOT'S. Number of vehicles at 31 March 2022 NuEnber of vehicles at 31 Mar¢h 2021 Types of vehicle Electric vchicles Diesel vehicles 58 58 Total Nottingham City Council vehieles 58 58 22. ReconciliatioD of net movement in funds to llet cash flow from operating actiiities Group Company 2022 2021 2022 2021 Net movement in funds Add back amortisation Add back deprccialion Movement in deferred tax provision Inlcrcst rcccivable Decrease {increase) in trdde and other debtors Increa8¢ (decrease} in Irade and other creditors Tax refund receivcd 276,662 1,137 243,971 (17,483) (196,489} 1,016 256,917 {6.169) 32,373 (99.406) 45,264 64,117 (2,562) 101,132 (53,030) 425,203 (226,994) 62,910 112,308 70,040 27,746 14.096 Net cash generated from operating Aetfivities 765,406 237.623 123,177 6,553 30
CT4N CHARITABLE TRUST FORMERLY NOTTINGHAM COMMUNITY TRAI¥SPORT LIMITED (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2022 (CONTINUED) 23. Cash and easb equivaleDts The amounts disclosed on the consolidated statement of cash flows in respect of cash and eash equivalents are in resp¢¢l of those consolidated statement of financial position amounts.. JI Marcb 2022 31 March 2021 Cash and cash equivalents 1,172,497 561,148 24. C&pltal committnents At the balance sheet date, the group was committed lo capital ¢xpenditure totalling £Nil (2021: £Nil). 25. Related party di5cIosures- ehirity (parent company) only The company has taken advantage of the exemption available under Section 33 of FRS 102 to not disclose transactions between wholly-owned group companies. 31
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