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. Inf￿￿lly, old age, disability and distress
amongst the inhabitants of Greater Nottingham and NottIn￿aMshlre 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.
Fa￿5 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 pU￿oSe 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 't￿￿ted 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 No￿1NGHAm 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 No￿INGHAm 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 cU￿ent 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 cle￿10n 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 SI￿lfiCant 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 pU￿oseS 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 I￿egularitIcs, 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 oVe￿ide. 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 INO￿lNGHA￿ 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 re￿rt
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
pU￿oseS 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 straI￿t 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 acti￿tieS
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
I49￿81
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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