North Coast CommuDit)' Transport Company limited b) Euarxnte¢ Independent guditor's report to the trustees of North Coast Community Transport Opinion We have audited the financial statements of North c{st Communiry Transwrt {the'charitable company,) for the year ended 31" March 2025 M'hich comprise the Siatement of Financial Activities. the StaTement of Financial Posilion, Cash Flo Staiemeni and notes io the financial statements. including a summary of signifiLani accounting policies. "I'he financial reporting framework ihai has been applied in their preparation is applicable law. and Uniied Kingdom Accouniing Standards. including Financial Reporting Standard 102 Tre Financ'iiil Reporiing Siandurd applicable in ihe UK Republic of Irelaiid (United Kingdom Generally Accepted Accounting Praclice). In our opinion the financial sthtements: give a true and fair view of ihe slate of the charitable ¢ompany's affairs as ai 31 March 202), and of ils incoming resources and appli¢aiion of resouwes. Inclding lis income and ¢xp¢ndilur¢. for th¢ year then ended: have been properly prepared in accordance wilh Uniied Kingdom Generally Accepted Accounting Praciice.. and have been prepared in accordance wilh the requirements of the Companies A¢i 2006. Basis for opinion We conducted our audit in accordance i%ith Intemational Standards on Audiling IUKI IISAS (UK)) and applicable lam.. Our responsibilities under ihose Standards are further described in (he Auditor's r¢5tX)1)5ibilities f()r the dudit ()f the linclaI sidiemenis sttiion of our rep(irt. Il'e are independent of (he Lharitable company in accordance with the ethical requirements thal are relevant lo our audit of the financial slalemenls in the UK. includingF the F RC'S Ethical Siaiidard. and we Iiave fulfilled our oiher eihical responsibilities in accordance with these requirements. We believe that ihe audit evidence e have obtained is sutTicient and appropriate to provid¢ a basis for ()ur opinion. Con¢lu510n5 rel¥ting to going ¢on¢ern In auditing th¢ finanrial 5tat¢m¢nt5, w¢ hav¢ ¢on¢lud¢d ihat th¢ trus1¢¢5 use of the going ¢on¢¢rn basis of accouniing in the prepardtion of ihe financial siaiemenis is appmpriale. Based on ihe work we have perfomied. we have not ideniified an) material uncertainties relaiing to events or conditions that, ind1.1dua1l>. or collectivel).. ma). cast significant doubt on the charitable compan>. s ability to conlinuc for a pcriod of at Ica51 twclvc monihs from H'hctl thc finatlcial slal¢rncnts arc authoriscd for i5sUC. OUT responsibilities and the resPOW15ibilitie5 of the trustres With re5pecl to going concern are deKribed in the relevant seetions of this reFrf)rt. Page 5
North Coast CommuDit)' Transport Company limited b) Euarxnte¢ Independent auditor's report to the trustees of North Coast Community Transport .continued Other infornjation The oiher inforniaiion comprises the inforniaiion included in ihe trusiees annual report. other than the financial statements and OUT audilor's rew)rt thereon. The trustees are resw)nsible for the other infoTmation contained wiihin ihe annual retX)rt. Our opinion on ihe financial stsiements dS noi cover the oiher inforniaiion and, except io ihe exieni oiherwise ¢xpliciil)' stai¢d in our r¢porL the do noi ¢Ypress anj fom) of assurance conclusion ihereon. Our responsibilii}' is io read ihe oiher infom)aiion and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in Ihecourse of Iheaudi¢ or otheThvise apar$ to be maierially missiaied. Ir we idenlify such maierial inconsisiencies or apparent maierial misstatements. M'e are required io deiem)ine thheiher this gives rise (o a mai¢rial niissiai¢ni¢ni in ihe financial siaien)enis ih¢mselves. If. based on ihe Ork have p¢rfomed. we conclude that there is a material misslatemeni of this oiher infomiaiion. we are required to rerx)n that faci. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on ihe work undertaken in ihe course of ihe audit: the informalion given in the trusiees. re[ {incorporniing ihe direciors. rep)rt) for the financial year for whi¢h the financial Sthlements are ppared is ¢onsisteni i¥iih the finan¢ial ststements; and the directors report has been pretAred in accordance wilh applicable legal requirements. M#tler5 on which we Ire required to report b). exception In ihe light of our knowledge and understhnding of the charitable company and its environment obtained in the Course of lh¢ audit. w¢ have not ideniified material missiaiements in the dire¢ior5' r¢rM>rt. We have nothing to re[rt in respect of the follom'ing matters in relation io which the Companies AGI 2006 requires us to retx>rt io you if. in our opinion.. adequate accounting records have not been kepL or return5 adequate for our audit have not been received from branches not visited by us: or the financial statements are not in agreement with the accounting records and retums- or certain disclosures of tru5tees' remuneration Specified by law are not made. or we have not received ail the inlomiaiion and explanations we require for our audit. , or the trustees were not entitled to prepare the financial statements in accordance wilh the small companies, regime and take advantsge of ihe small companies exemption in preparing the directots, rep)rt and from the requirement io prepare a strategic report. Page 6
North Coast CommuDit)' Transport Company limited b) Euarxnte¢ Independent guditor's report to the trustees of North Coast Community Transport .continued Responsibilities of trnsttts As explained more fully in the trusiees, resrrf)nsibiliiies sraiement set our on page 3. the irustees {who are also Ihe directors of the charitable company for purp)ses of cOmnY law) are responsible for the preparation of the financial Statements and for being saiisfied ihat they give a true aThJ fair view. and for such internal conlToI as the trlee5 deteTmine is necessary. to enable the PTeparntion of financial 51atemen¢5 that are free troi material mitateMent, wh¢ih¢r du¢ io fraud or error. In preparing ihe financial s¢a¢emen¢g. the irusiees are responsible for assessing ihe charitable con)panJ's abilit), io continue as a going ¢on¢em. disLlosing. as appli¢abl¢. mailers relaied io going con¢¢rn and using the going concem basis of accounting unless the truslees eiiher iniend io liquidaie the charitable compan}, or to cease operations, OT have no realistic aliemative bul to do so. Auditor's responsibililio for lh¢ audit of the fin4n¢ial stalements Our obj¢¢iives are io obtain reasonabl¢ assuran¢¢ aboui wh¢ih¢r the financial slalemenls as a whole are free from ma¢¢rial missiaiemeni. wh¢ih¢r due io frnud or error. and to issue an audiior's report ihai includes our opinion. Reasonable assurdnce is a high level of assurance. but is not a guarantee Ihal an audit conducled in accordance with ISA5 IUKI .111 al.a}.S detect a Inaterial rnisstatement when il exisls. Misslalemenls can arise froni fraud or error and are Considered maierial if. individuall J. or in ihe aggregaie. the) cuuld reasonably ¢xpeLted Ii) influ¢n¢¢ the e¢on()mii d¢¢isions of users k¢n on Ihe basis of ih¢se finan¢ial siat¢nien(s. Irregularities. including fraud, are instances of noTF¢ompliance M'iih laws and regulations. We design proLLdur¢s in lin¢ H'ith our responsibiliiics. outlin¢d aix)ve. io d¢i¢¢t material misstateinents in r¢spe¢t of irregTrulariiies. including frdud. The extenl to which our procedures are capable of detecting irregularities. including fraud is detailed below.. On the basis of our understanding of the legal and regulariiy frdmework applicable lo ihe company and the induslry in which it operales, H'e considered the risk of non-compliance and to what extent it might have a mateTial effecl on the financial slatemenls. The priiicipal laws and regulation5 thal we deterinined as being the mosl signifirant ar¢ the Companits A¢1 2006. Affouniing and Reporting by Charit1¢5: Ststcm¢iit of Recommended Practice applicable to charilies preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October ?019 SORI. {FRS 1021 "The Financial Reporting Standard applicable iii the UK and Republic of Ireland {FRS 102)" ajid the relevant UK tax complianr¢ r¢gulation5. We Tllade enquiries of management to under5taThJ how the company is complying with its legal and regLil<ory obligations. We read the ix)ard minuies to deierniine whether any frdud or non-compliance had been identified by the ornpanN'. Page 7
North Coast CommuDit)' Transport Company limited b) Euarxnte¢ Independent guditor's report to the trustees of North Coast Community Transport .continued We evaluated the susceptibilily of the financial staleinents to material Inisstateiiient and discussed w'ith managemeni th¢ areas wh¢r¢ we kli¢ved ihe risk of fraud maj, be higher and ha1 procedures are in pla¢¢ to prevent or detect frdud or nonthcompliance. We reviewed manual joumal entries for any unusual tM)stings. We performed tests in areas where significant accounting estimate5 and judgments are Tnade to assess their reasonableness. Be¢ause of ihe inherent limiiaiions of an audii. there is a risk ihai w¢ M'ill not dete¢1 all irr¢gulariiies. in¢luding those leadingi to a maierial missiatement in the financial statements or nonwcompliance i¥ith regTulation. This Tisk inLr¢as¢s ihe Jnor¢ thai compliance wilh a law. or r¢gpulation is removed froil) the events and iransactions reflecied in ihe financial sthiements. as we will be less likely io become am'are of insthnces of non-compliance. Th¢ risk is also g)reat¢r reg?arding irregularities (Kcurring due io fraud rnther than error. as fraud involves int¢niional conc¢alm¢ni, forgery. ¢ollusion. Omissi or misr¢pr¢s¢nthiion. As part ol-an audit in accordance H'ith ISAS IUKI, we exercise professional jud&yment and maintain professional scepticism throughout ihe audit. We also.. Identify and ass¢ss th¢ risks of mai¢rial missiai¢meni of Ihe financial staiemenis. wheth¢r due i() fraud or error, design and perform audil procedures responsive lo ihose risks. and obtain audit evidence ihai is suffi¢i¢ni and appropriaie io provid¢ a basis for our opinion. The risk of not d¢t¢ciingJ a Inal¢rial mis.%talLmeni resuliinb from frdud is hib?her than for one resuliing from error. as fraud may involve coIIu5ion, forgery. intentional omis5iofLS, Misrepresentatio or ihe override of internal control. Obtain an understanding of internal conlrol relevant lo the audit in order to design audit procedures that are appropriate in the circumsiance& but not for the purp)se of expressing an opinion on ihe effeLtiveness of ihe charitable company's iniernal control. Evaluat¢ the appropriat¢n¢ss of a¢¢ouniing PKfftli¢i¢s and the reasonableness of a¢¢ounting estiinates and related disclosures made bi. ihe irusiees. Conclude on the appropriateness of the trustees use of the going concern basis of accounting and. based on th¢ audit ¢vid¢n¢¢ obtain¢d. wh¢th¢r a mat¢rial uncertainty. ¢xists r¢lal¢d to ¢v¢nts or ronditions that may cast significant doubt on the charithble compan). s ability to continue as a going concern. If we conclude that a niaterial uncertaiiity. exists. we are required to draw attention in our auditor s repx)rt to the related discl(Jsures in the flndneial stdlements or, if such discliisur¢s are inadcquate, (o modify our opinion. Our conclusions are based on Ihe audii evidence obtsined up 10 Ihe date of our auditor s report. However. future events or conditions may caLLse the charitable companN' to cease to continue as a going concern. Evaluate the overall presentation. structure and corttent of the financial statements. including the disclosures. and whether the financial statements represent the underl!"ing transactions and events in a Tnanner that achieves fair presenlalion. Page 8
North Coast CommuDit)' Transport Company limited b) Euarxnte¢ Independent guditor's report to the trustees of North Coast Community Transport .coniinued We communicate w'ith those charged with governance regarding. among oiher matters. the planned scope and timing of the audit and significant audit findings including any si¥nificani deficiencie5 in internal contToI that we identify during our audil. Vse of our report This repon is iiiade solely to the charitable company's irusi¢¢& as a Ixyly. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has en undertaken so Ihat we n)ight state to the eharitable company's Irusiees ihose mailers H'e are required iostaie io them in an audi¢or g report and for no otheT purpose. To ihe lullegi extent permi¢ied by law. we do noi accepi or assume responsibiliiy io anyone o¢heT ihan the ¢hariiable company and the ¢hariiable ¢ompany's irusi¢¢s as a lyxls,, for our audii work. for rhis report, or for Ihe opinions we have fornied. Paul McKillop FCCA {senior sllllutory auditor For and on behalf of MKP Accountants Ltd. Statutory Auditor 42A-44A New Roiv Coler4ine BT52 IAF 17th October 2025 Page 9