REGISTERED CQMPANY NUMBER: N1610269 (Northern Ireland) REGIsfERED CHARrrY NUMBER: 101626 FERMANAGH COMMUNITY TRANSPORT REPORT OF THE TRUSTEES AND AUDrrED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CavanaghKelly Chartered Accountants and Statutory Audltors 36-38 Northland Row Dungarbnon Co. Tyrone BT716AP
FERMANAGH COMMUNITY TRANSPORT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Page Report of the Trustees Report of the Independent Auditors Statement of Financial Artivities statement of Flnanclal Positlon io statement of Cash Flows li Notes to the Statement of Cash Flows 12 Notes to the Financlal Stataments 13 to 21 Detailed Statement of Flnancial ActSvlties 22 to 23
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The trustees who are also directors of the charity for the purposes of the Cornpanie5 Act 2006, present their report with the financlal statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reportina by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportinq Standard applicable in the UK and Republic of Ireland {FRS 102) {effective I january 2019). OBJECTIVES AND ACTIVITIES Objertives and aims The principal objectives are to reduce sociol exclusion by providing an affordable, accessible and reliable transport service in rural areas of Ferrnanagh. Artlvltles and achlevements Rural Dlal a Llft Door to Servlce Comparing 2Q22123 agalnst 2019120, performance of the Rural Dial-a-Lift Service by number of trlps In 2023 (26,777) is at 99P/o of 2020 {27,037} performance. This repSentS a considerable achievement on the part of Fermanagh Community Transport, given our reduced operatlonal capacity overall which was impacted heavily by energy and cost inflation across the board. The largest purpose by category Is day opportunities which stands at 43.80/0 or IL.782 trips. This indicate5 that a very significant number of disabled and elderly rural individuals rely on our service to get them to their day opportunities. In second place 15 5hoppingl personal bu5iness/ social visits which accounts for 29.7% or 8,033 of all the trips tjndertaken in 2022-2023. Third is education at 9.6¥0 or 2,571 trips and trainlng and ernployment at 6,3% or 1,687 trlps. Health related trips account for a combined 9.70kn (2,597)of all trips in 2022-2023. Dlsablllty Actlon Transport Stheme Comparlng 2022123 against 2019120, the Dlsablllty Artlon Transport Scheme by number of trips In 2023 {1,705) was at 90Wo of 2020 (1,900} perfomiance. There has been a remarkable recovery slnce COVID'S peak. In 2022 to 2023, the DATS was without a sufficient driver resource for a number of rnonth5 and this is reflected in the flgures. In terms of trips by purpose through the Disability Attlon Transport Scheme In Ennlsklllen town, an even higher percentage at 63.6010 of individuals compared to the DAL service 43.80h rely on the seiCe to access day opportunities, This Is perhaps less of a surprise given that the DATS seIce Is specifically focused on those with a disabillty and those over 85 plus. Health related appointments account for 18.4Wo of Bll DATS trips in 2022 to 2023. 80th the DAL and DATS figures are hugely posltive and encouraglng and demonstrate that FCT has the confidence and trust of Its members to transport them safely as they access their basic and essentlal services. The build back in patronage is astoundlng when compared to tradltlonal public transport patronage whlch Is running well behind the figures achieved by FCT. Covid encouraged many more people to move to private vehicle5 as well as the Increase in worklng from home. Volunteer Soclal Car Schem¢ Last year FCT had 5 volunteers under Its volunteer social car scheme. This has risen to 8 in 2022-2023, The volunteers continue to play a vital role in helping us achieve and dellver so much more than we could were we relying entirely on our paid drivers alone. The volunteers continue to glve u5 an enhanced agility and re5ponslvene55 whlch contlnues to allow Us to facilitate and accommodate the increasing demand for trips related to GP appointments and out-patient hospital appointments. We extend our sincere thank you to the volunteer5 who are an exceptional group of people. We will be endeavouring to recruit more volunteers in 2023-2024, especially in the more remote and farthest reaches of Fermanagh.
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Group Hlre With and Without Fcf Driver Group hirè remain5 negligible. Fermanagh does not have the size or density of population of the other -oJnt.-es in Northern Ireland, no,- dae5 i: have the econ?mic value. Fermanagl records tb,n low=st -cnnomic value of the other counties in Northem Ireland. As such, the vehicle hire with driver market is sirnply not there. Of the groups in the past who did avail of this service, many of gone out of operation due to an end of funding streams and the rislng costs of Dperatlon. A welcome departure from the decline In group vehicle hire with driver has been the signlflcant take-up of the support available to voluntary and community groups through with the support of the Cost of Living Support programme from Fermanagh and Omagh District Council up to the value of £IOk in 2022-2023. Under the programme, local community and voluntary groups were being offered free membershlp for one year, free MIDAS trainlng for volunteers and two days free group mlnibus hire. As well as this, the funding has also been used to facilitate transport to out of area hospital appointments for people who are struggling with the cost of livlng. It has been tremendously rewardin9 to see the interest and value placed in thi5 programme of support by groups and individuals. Thi5 is something we will be looklng to build on in 2023 to 2024. Membershlp Numbers Membership of FCT'S Rural Dial a Lift Door to Door Service has witnessed an Increase in membership from 877 members In June 2019 to 1.083 members in March 2023. Thi5 15 a trend which can only be expected to continue to grow given the ageing demographic and the increasing inaccessibility, unaffordability, unavailability and infrequent publlc transport services and the exorbitant cost of taxls In the County. FCT contlnues to Ilalse and collaborate with Fermanagh and Omagh Dlstrlct Councll Communlty and Voluntary Sector Forum, Community Plannlng Transport Poverty and Antl-Poverty Worklng Groups, South West Ageing Partnership, Communlty Transport Assoclation UK, Rcfps Managers. Forum and DfE, Queens University of elfast, Disabillty Action, RNIB, as well as supportlng numerous other Inltlatlves locallyi reglonally and UK wide. Dfl Blue Green Capital Infrastructure Fund - Electric Mlnibus Last year we were SucsSful in our bid to the Dfl Blue Green Capltal Infrastructure Fund for funding to purchase a 13-seater fully Bcce551ble mlnibu5. The minlbus was to be operated as part of a pllot scheme being overseen by DfI. It was clear In the last pnnual report that significant delays plagued the promSsed delivery of the vehicle. Regrettably, the company Nu-Track Ltd responsible for the supply and delivery of the vehicle was put into adminlstratlon in 2022-2023. Fermanagh Community Transport along with five other rural communlty transport partnershlps each lost more than £70k each. Each was an unsecured credttor. Not only was this a loss In financlal terms for FCT, but it represented a huge 1055 for those Indivlduals who rely on our servlce and support, as well as an important and exciting opportunity to test the technology. A conditlon of applylng for the Blue Green Fund was that each sucssful organisatlon had to remove a conventional Internal combustion englne (ICE) from its fleet, In real terms. F Ltd experlenced the loss of two vehlcles.
FERMANAGH COMMUNITY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Public beneflt The Trustees of Fermanagh Community Transport conflrm that they have complied with their duty under section 4(6) of the Charltles Act (Northern Ireland) 2008 to have reoard to the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement has informed the activities of the charltable company In the year ended 31 March 2023. Achlevement and performance Charltable activities The organi5ation has maintained its membership and its level of services to the target population throughout the year. Flnancial review Financial position Sources of funding for the Charity have remalned Stable wlth the charlty generating a deficlt durlng the year of £(100,724) (2022: Surplus £127,729). The Charity ha5 used its reserves to cover the deficit in line with the Charity's Reserves Policy. Reserves pollcy Fermanagh Community Transport's current pollcy is to trade and deliver servlces. employ stsff, rent premises, purchase/hire/lease vehicles and equiprnentl purchase goods and services. The Fermanagh Community Tran5POrt Tru5tee5 must ensure that it has sufficlent resources. It 15 considered good Practi to seek to build financial reserves which will enable the organisation to meet future commitments or unforeseen expense5 Without a negative impact on the ability to deliver services or develop our business in the manner planned. By holding reseNes, the organlsation will be able to; l. absorb setbacks and take advantage to change and opportunity, 2. demonstrate a plan for viability beyond the Immediate future and provlde reliable service5 over the Songer term,. 3. dernonstrate to funders that the oryanlsation has given consideration to long-term plans and vlablllty, Prlnclpal rlsks and uncertainties The Trustees have conducted a review of the key risks facing the charity and have established procedures to manage those risks. Significant external risks In relation to fundlng have led to the development of a Strategic plan which allows for the diversification of funding and activities. Intemal risks are minimised by the implementation of procedures for authorisatlon of all transactions and to ensure conslstent quality of dellvery for all operational aspects of the charlty. These procedures are periodically reviewed to ensure that they 5t ill meet the needs of the charitv. Going Concern The financial statement5 are ppared on a going concem basis, which assumes the charity wlll be in operational existence for a period of at least 12 months from the date the accounts have been signed, notwlthstandlng the fact the oroanlsation generated a total deficit in the year of £100,724 {2022 surplus of £127,729). Included within the results for the year was a loss on disposal of fixed asset of £53,822. Since the year end, the charlty has received notification of potential cessation of funding from its main grant funder of the Rural Transport Fund Scherne by the Department of Infrastructure. At the date of slgning these financlal statements, the charity remains confident ar¥ appropriate resolution can be sought and fundlng provided, and whilst they await a final decislon, the charity has suffficient reserves to discharge all it5 liabilitie5 as they fall due until. However, the ability of the charity to corstinue as a going concern Is dependent on such funding belng made avallable and the directors have prepared the ffinancial statements on the going concern basls, on the assumption such fundlng will be received.
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRATEGIC REPORT srRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by Its goveming document, a (Jeed ol trusl, and constitutes a liinited compèny, limited bv guarantee, ès defined by the Companies Act 2006. Organl$atlonal structure Fermanagh Community Transport is a company Ilmlted by guarantee, not having a share capltal. It Is regISted as charlty with the Charity Commission NI. The charitable company wa5 established under a Memorandum of Association whlch established the objects and powers of the charitable company and is governed under Its Artlcles of A550Clation. Anyone wlthln the area of benefit who subscrlbes to the objects of the Company can become a member of the Company. Suitable new Trustees are recruited from among the members by the ajrrent trustees and presented to the AGM to be appointed as per the Governing Document. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number N1610269 (Northem Ireland) Registered Charlty number 101626 Registered office 42 Enniskillen Business Centre Enniskillen BT74 4RL Trustees Barry Boyle Eileen Drumm Allison Forbes Catherine Magowan Dovid Monaghan Company Secretary David Monaghan REFERENCE AND ADMINISTRATIVE DETAILS Audltors Cavana9hKelly Chartered Accountants and Statutory Auditors 36-38 Northland Row Dungannon Co, Tyrone 8T71 6AP
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees {who are also the directors of Femianagh Community Transport for the purposes of company low) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practlce). Company law qUireS the trustees to prepare financlal statements for each financial year which give a true and fair view of the state of affalrs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financlal statements. the trustees are required to select suitable accounting policies and then apply them consSstently' observe the methods and principle5 in the Charity SORP. make Judgements and estlmate5 that are reasonable and prudent; prepare the financlal statement5 on the golng concern basls unless It is inappropriate to presume that the charitable company will continue In business. The tnjstees are responsible. for keeping proper accounting records whlch disclose with reasonable accuracy at any time the financial position of the charltable company and to enable them to ensure that the flnanclal statements comply with the Companies Act 2006, They are also responsible for safeguarding the a55ets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other IrgUIanties. In so far as the trustees are aware: there 15 no relevant audtt Infom)atlon of which the charitable company's auditors are unawa, and the trustees have taken all steps that they ou9ht to have taken to make themselves aware of any relevant audit informatlon and to establish that the auditors are aware of that Information. AUDITORS The auditors, CavanaghKellyt will be proposed for re-appointment at the forthcoming Annual General Meeng. Report of the tru5tee5, incorporating a strategic report, approved by order of the board of trustees, as the company dirertors, on 27 June 2023 and signed on the board's behalf by: Catherlne Magowan Trustee
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPORT Opinion We have audlted the financial statements of Femianagh Community Transport (the 'charitable company,) for the year ended 31 March 2023 vvhlch comprlse the Statement of Flnancial Attivities, the Statement of Financial Positlon, the Statement of Cash Flows and notes to the financial slatements, including a summary of significant accountlng policies. The financial reporting framework that ha5 been applied in thelr preparation is applicable law and United Kingdom Accounting Standards (Unlted Klngdom Generally Accepted Accountlng Prattice). In our opinion the financial statements.. give a true and f.air view of Lhe slate o( tlie charitable company's affairs as at 31 March 2023 and of its incomlng resources and appllcation of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance wlth Unlted Kingdom Generally Accepted Accounting Pratiice,. and have been prepared In accordance wlth the requlrements of the Companles Act 2006. Basis for opinion We condutted our audit In accordance with International Standard5 on Auditing {UK) (ISAs (UK)) and applicable law. Our responslbllltles under those standards are further described in the Auditors, responsibilities for the audit of the rinancial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have ftslfllled our other ethlcal responslbllltles in accordance wlth these requirements, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw attentlon to Note 2 and page 15 In the flnanclal statements. whlch Indlcates that the potential lo55 of key funding in respect of the Rural Transport Fund Scheme by the Department of Infra5tru(ture post year end is likely to have a significant on the ability of the charity to continue as a golng concern. We draw the readers, attention to the fact no forrnal dedsion has yet to be reached as at the date of signing these financial statements. As stated in the note, these events and condltlons, along with the other matters set forth in Note 2, indicate a potential rnaterial uncertainty that may cast doubt on the Company'5 ability to continue as a golng concern. Our opinion is not modified in thi5 regard. In auditing the flnanclal Statements, we have concluded that the dlrettors. use of the golng conrn basis of accounting in the preparation of the financial statements Is appropriate. other informatlon The trustees are responsible for the other information. The other information comprises the inft)rmation included In the Annual Report, other than the financial statements and our Report of the Independent Auditors theOn. Our opinion on the financlal statements does not cover the other information and, exTrpt to the extent otherwise explicitly stated in our report, we do not express any form of assurance concluslon thereon. In connection with our audit of the financial statements, our responsibllity is to read the other information and. in doing so, consider whether the other information Is matedally inconslstent wlth the financlal statements or our knowledge obtalned in the audit or otherwise appear5 to be materially mi55tated. If we identify such material Inconsistencies or apparent material misstatements, we are required to determine whether this give5 rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there Is a materlal mlsstatement of this other information, we are required to report that fatt, We have nothing to report in this re9arfd. Opinlons on other matters prescrlbed by the Companles Act 2006 In our opinlon, based on the work undertaken in the course of the audit: the inforrrbation given in the Report of the Trustees for the financial year for which the finanaal statements are prepared 15 tonsistent with the financial statements. and the Report of the Trustees has been prepad In accordance wlth appllcable le9al quIreMentS. Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identted material misstatements in the Report of the Trustees. We have nothing to report In respect of the following matters where the Companles Act 2006 requlres us to report to you if, in our opinion. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not vlslted by us; or the flnanclal statements are not in agreement with the accounting records and returns,. or certain disc105ures of trustees, remuneration specified by law are not made. or we have not received all the information and expl8natlons we require for our audit.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPORT Responsibilltles of trustees As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable cornpany for the purposes of company lawl are re5ponslble for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mi5Staternent, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charftable company'5 ablllty to continue as a going concern, disclosing, as applicable, matter5 related to going concern and using the going concern basis of accounting unless the trustees either Intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Our 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, whether due to fraud or error, and to issue a Report of the Independent Auditors that Includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) wlll always detett a material misstatement when it exists. Mi5Staternents can arise from fraud or error and are considered material If. Indivldually or in the agggate, they could reasonably be expected to Influence the economic deci51ons of users taken on the basis of these flnanclal statements. Irregularities, ip.cluding fraud, are Instances of non-compliance wlth laws and regulations. The objectives of our audit In respect of fraud a to assess the risk of material mi55tatement due to fraud, de51gn and Itnplement 3ppropriate responses to thase assessed risks and to respond appropriately to inStanS of fraud or suspected fraud identified during the course of our audit. However, the primary responsibility for the prevention and detectlon of fraud rests with management and those charged with governance of the charitable cornpany. In identifying and assesslng rlsks of material misstatement in respect of irregularltles, Including fraud and non- compliance with laws and regulation5, our procedures included the following- We obtained understanding of the legal and regulatory requirements appllcable to the chadtable cornpany's financial statements and consldered the most signitlcant are the Companies Act 2006, Financial Reporting Standards (FRS 102), and the Charitiès Act 2011; We have assessed the risk of materlal mlsstatefnent of the financlal statements, including rlsk of material mlsstatement due to fraud and how It might occur by holding discusslons with management and those charged with governance,, We enqulred of management and those charged with governance as to any known Instances of non-compliance or suspected non-compllance wlth laws and regulatlons. Understanding the Internal controls establlshed to mitigate risks related to fraud or non-compliance wlth laws and regulation5' and Discussions amongst the audit engagement team regarding how fraud might occur In the financlal statements and any potential indlcators of fraud, As part of this discussion we identified the following potential areas where fraud may occur: completeness of revenue recognition in respett of grant income and management overrlde. The audit response to risks identified included: Reviewing the financial statements disc105ure5 and testing to supporting documentatlon to assess compliance wlth the relevant laws and regulatlons above. Performlng analytical procedures to identify any unusual or unexpected relatlonships that may indicate risk of materlal misstatement due to fraud; In addressing the rlsk of fraud through management override of controls, testing the appropriateness of joumal entries and other adjustments, assessing whether the jtJdgement5 made in making accountlng estimates are reasonable and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. A further descrlptlon of our responsibilities for the audit of the financial statements is located on the Flnanclal Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Audltors.
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPORT Use of our report This report is made solely to the charitable company's members, as a body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mlght state to the charitable company's members those matters we are required to State to them in an auditors, report and for no other purpose. To the fullest extent pemitted by law, we éo not accept or assume responslbillty to anyone other than the charitable company" and the charitable company's members a5 a body, for our audit work, for thls report, or for the opli)lons we have formed. Ryan Falls (Senior Statutory Auditor) for and on behalf of CavanaghKelly Chartered Accountants and Statutory Audltors 36-38 Northland Row Dungannon Co. Tyrone BT71 6AP Date.. 27 June 2023
FERMANAGH COMMUNITY TRANSPORT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 Total funds 2022 Total funds Unrestricted fund Restricted funds Notes XNCOME AND ENDOWMENTS FROM Donations and legacies 442,687 442,687 560,233 Charitable activlties Restricted Charitable activities Unrestricted Charitable activities 55,385 55,385 9,248 35,670 2,099 9,248 Other trading activities Other gains/(losses) on disposals of assets 267 267 (53,822) 167 13,862 (53,822) Total 9,515 444,250 453,765 612,03L EXPENDITURE ON Charltable activitles Restrirted Charitable activities Unrestricted Charitable activlties 525.742 525,742 28,747 465,956 18,346 28,747 Total 28,747 525,742 554,489 484,302 NEf INCOME/(DEFICIT} (19,232) (81,492) {100,724) 127,729 RECONCILIATION OF FUNDS Total funds brought forward 507,276 276,581 783,857 656,128 TOTAL FUNDS CARRIED FORWARD 488,044 195 089 683.133 783 857 CONTINUING OPERATIONS All Income and expenditure has arisen from continuing activities. The above Statement of Financial Activities Include5 all information as required to be disc105ed by the Companies Act 2006. The Statement of Financial Actlvltle5 Includes all galns ind losses recognised durlng the year. The notes on pages 13 to 20 form an Integral part of these financial statement5. The notes form part of these financlal statements
FERMANAGV COMMUNfTY TRANSPORT srATEMENT OF FINANCIAL posmoN 3 1 MARCH 2023 2023 Total funds 2022 Total funds Unrestrlcted fund Restricted funds Notes FIXED ASSETS Tanglble assets 12 88,091 9,B09 97,900 125,156 CURRENT ASSETS Debtors., amounts fallln9 due wlthln one year Cash at bank and In hand 13 44,628 392 191 16,439 168 841 61,067 561 032 58,769 640 378 436,819 185,280 622,099 699,147 CREDrroRS Amounts falllng due wlthln one year 14 (36,866) (36,866) [40,446) NET CURRENT ASStTS 399 953. 185 280 585 233 6S8 701 TOTAL ASSETS LESS CURRENT LIABILIllES 488,044 195,089 683,133 783,857 NET ASS5 488 044 195 089 683 133 783 857 FUNDS Unre5trlcted funds Restricted fvnds 15 488.044 195 089 507,276 276 581 TOTAL FUNDS 683 133 783 857 The flnanclal statements were approved by the Board of Trustees and authorfsed for155ue on 27 June 2023 and were slgned on Its behalf by: Catherlnt Magowan Trusteo The notes form part of these flnanclal statements io
FERMANAGH COMMUN TRANSPORT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from operatlng activlties Cash generated from operatlons 19 394) 189,631 Net cash provided by/(used in) operating activities 19 394) 189 631 Cash flows from Investlng actlvities Purchase of tangible fixed assets Sale of tanglble ftxed assets {59,952) (71,762) Net cash used In Investing activltles 59 952) Change In Cash and cash equlvalents In the reportlng perlod Cash and cash equivalents at the beginnlng of the reporting period (79,346) 132,702 640 378 507,676 Cash and cash equivalents at the end of the reporting period 561,032 640,378 The notes fom part of these financial statements li
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING AcfivITIES 2023 2022 Net Income for the reportlng perlod (as per the Statement of Financial Activities) Adjustments for: Depreciation charge5 {Profit)Iloss on disposal of fixed assets Decrease/(increase) in debtors (Decrease)lincrease in creditors (IOG,724} 127,729 33,385 53,822 (2,297) 42,792 {13,862) 17,482 Net cash provlded by/(used In) operatlons 19 394) 189,631 ANALY51S OF CHANGES IN NET FUNDS At 114122 Cash flow At 3113123 Net cash Cash at bank and In hand 640 378 561 032 Total The notes form part of these financial statements 12
FERMANAGH COMMUMITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 GENERAL INFORMATION The charity is a publlc benefit entity and a private company Ilmited by guarantee, registered in Northern Ireland and a registered charity in Northem Ireland. The addre55 of the registered office l< 42 Enniskillen Business Cenlre, Lackaghboy Industrlal Estate, Enniskillen, Co. Fermanagh, BT74 4RL. ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities., statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019),, Flnancial Reportlng Standard 102 'The Financal Reporting Standard applicable in the UK and Republic of Ireland, ènd the Companie5 Act 2006. The financlal statements have been prepared under the historical cost convention. The accounts are prepared under the historlcal cost convention modlfled when necessary to include the revaluation of certaln flxed assets. Inrne All income is recognised in the Statement of Financlal Activities once the charity has entitlement to the funds, it Is probable that the Income wlll be received and the amount can be measured reliably. The following specific policies a applied to particular categorie5 of income: Income from donations and grants Is recogni5ed when there is evldence of entitlement to the glft, receipt is probable and Its amount can be measured reliably. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the vale 15 derived from the cost to the donor or the estimated resale value. Donated facllltles and seiceS are recognised in the accounts when received if the value can be reliably measured, No amounts are included for the CL)ntribution of general volunteer5. Income from contracts for the supply of servlces Is recognlsed wlth the dellvery of the contracted service. This is classified as unrestrlcted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Expenditure Liabllities a recognlsed as expenditure as soon as there is a legal or constructive obllgation committing the charity to that expenditure, it is probable that a transfer of economlc benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cost5 cannot be dSrectly attributed to particular headings they have been allocated to activlties on a basis consistent with the use of resources. Expendlture includes any VAT whith cannot be fully recovered, and Is classlfied under headlngs of the statement of financlal attivltles to which it lateS,, Expendlture on charltable activities includes all costs incurred by a charity in undertoklng actlvlties that further its charitable alms for the benefit of its beneficiarles, includlng those support costs and costs relating to the govemance of the charity apportioned to charitable activities, Other expendlture includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to J slngle activity are allocated directly to that attivity. Shared costs are apportioned between the activities they contribute to on a reasonable, justiflable and conslstent basls. 13
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCXAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES - contlnued Government 9rants Government grants are recognlsed at the falr value of the asset received or receivable. Grants are not reco¥fiised until there Is reasoiiable assurance that the charity will corriply with the coiditions attaching to them and the grants will be received. Where the grant does not Impose speclfled future performance-related conditlons on the recipient, It is recognised in income when the grant proceed5 are received or receivable. Where the grant does impose specified future performance-related conditlons on the reclplent, It Is recognlsed In Income only when the performance-related conditior>s have been met. Where grants received are prior to satisfylng the venue recognition criteria, they are recognised as a liability, Tangible fixed assets Tangible assets are initlally recorded at cost, and subsequently stated at Cost le55 any accumulated depreciation and impairment losses. Any tangible assets carrled at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, Is recognlsed In other recognised gains and losses, unless It rever5e5 a charge for impairment that has previously been recognised as expenditure wlthln the statement of flnancial actlvlties. A decrease In the carrylng amount of an asset as a result of revaluatlon, Is recognlsed In other recognlsed gairs and losses, except to which it offsets any previous revaluatlon gain, in which case the loss is shown wlthln other recognised ga5ns and losses on the statement of financial activities. Depreciatlon Depreciatlon Is provided at the following annual rates in order to wrlte off each asset over Its estimated useful Plant & Machlnery Fixtures & Fittings 250/0 reduclng balan 40010 reducing balance Impalrment of flxed assets A review for indicators of Impairment is carried out at each reporting date. with the recoverable amount being estimated where such Indlcators exlst. Where the carrylng value exceeds the recoverable amount, the asset Is impaired accordingly. Prlor Impalrments are also revlewed for possible reversal at each reporting date. For the purposes of impairment testing, when it 15 not P055ible to estlmate the recoverable amount of an Individual asset, an estlmate Is made of the recoverable amount of the cash generatlng unit to which the asset belong5. The ca5h-generating unit IS the Smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For Impalrment testlng of goodwlll, the goodwill acquired In a buslness comblnation is, from the acquisition date, allocaled to each of the cash-generating units that are expected to benefit from the synergie5 of the comblnatlon, Irrespectlve of whether other assets or Ilabil itles of the charity are asslgned to those units. Taxatlon The chartty 15 exempt from corporation tax on its charitable activities. Fund accounting Unrestrlcted funds can be used In accordance wlth the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrlcted purposes within the objetts of the charity. Restrlctlons arise when specified by the donor or when funds are raised for partlcular restricted purposes. 14
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL sfATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2023 ACCOUIITING POLICIES - continued Ire51gn4ted Fund The Trustees have contded that there Is a reiiulrement for three Desianated Resorves as per previous years. A Reserve for capltal purchaslng of buses. a Reserve for calculated closing down costs In the event of a wlndlng up of te organlsatlon and a Reserve to cover 4 months runnlng costs to enable smooth running in the event of a major fvndlng shortfall. The amounts deemed necessary as outllned In the concern nrte below. Penslon costs and other postsretlrem¢nt benefflts The charitable company operates a deflned contributlon pension scheme. Contributions payable to the tharltèble company's pension scheme are charged to the Statement of Flnancial Artlvltles In the period to whlch they relate. Golng Concern The financlal statements are prepared on a going cOnrn basls. whlch assumes the charity wlll be In operatTonal exlsteno for a perlod of at least 12 months from the date the accounts have been slgneij, notwithstandlng the fart the oryanisatlon generated a total deficit In the year of £100.724 (2022'_ surplus of £127,729). Included wlthin the results for the year was a loss on dlsposal of flxed asset of £53.822. Slnce the year end, the charity has rEceived notification of potentlal $SatIOn of fundlng from It5 moln grant funder of the Rural Transport Fund Scheme by the Department of InfrastrurturE. At the date of slgnlng these financlal ststements. the charlty remaln5 confident an approprlate resolutlon can. be 50Ught and fundlng provlcfed, and whilst they awalt a final decisior*, the charfty has suffident reserves to dlscharye all its liabilities as they fall due. However, the ability of the charity to contlnue as a going concern Is dependent on such funding being made avallable and the dlrectors have prepared the finandal statements on the golng concern basls, on the a55umptlon such fundlng wlll be reIved. DONATIONS AND LEGACIES 2023 2022 Dlsablllty Actlon Trnnsport Scheme Asslsted Rural Transport Scheme Rural Transport Fund Scheme DfI Trpital Grant DfI COVID-19 Grant Fermanagh Omagh Dlstdrt Coundl 32,120 81.072 321,980 20,966 67,414 321,981 72,938 76,934 560 233 OTHER TRADING AcfIviTIES 2023 2022 Membershlp 15
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 INCOME FROM CHARITABLE AcrivrrIES .. 2833.. 2022 Actlvity Kestricted Charitable acrivities Unrestricted Charltable activlties Unrestricted Charitable activltles Unrestricted Charitable activities Passenger one to one other income MIDAS tralnlng fee Group booking 55,385 35,670 35 loo 200 CHARITABLE AcfiviTZES COSTS Support costs {see note 7) Dlrett Costs Totals Restrlcted Charitable Activitles Unrestricted Charltable actlvltles 462,919 62,823 525,742. 491 666 554 489 SUPPORT COSTS Informatlon technology Management Flnance Totals Restrlcted Charltable actlvltles Support Costs, Included in the above, a as follows: 2023 2022 Rent Insurance Llght and heat Telephone Postage and stationery Advertlsing Sundrtes Repairs Professional fees Bad debts Bank charges expense5 10.943 1,212 10,877 5,180 5,289 1,651 4,017 977 9,886 755 1,134 10,649 1,416 3,585 3,294 3,125 3,793 4,047 3,186 5,185 106 710 16
FERMANAGH COMMUNrrY TRANSPORT NOTÈS TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 NET INCOME/{EXPENDITURE) Net Incomel(expendlture) Is stated after charglngl(crediting)'. -2023 Depreciation owned assets (Gain)11055 on disposal of ftxed assets 33,385 42,792 13 862) TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees. expenses Trustees expenses of £Nil were paid for the year ended 31 March 2023, (2022 - £Nil), io. STAFF COSTS 2023 2022 Wages and salarles Soclal security costs Other penslon costs 257,558 14,788 233,229 13,316 283 900 258 044 The average monthly number of employees during the year was as follow5.. 2023 2022 Employees 15 16 No employees recelved emoluments In excess of £60,000. ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvrrIES Unrestrlcted fund Restricted fund5 Total funds INCOME AND ENDOWMENTS FROM Donations and legacles 560,233 560,233 Charltable actlvlties Restrirted Charitable activitSes Unrestrlcted Charltable actlvltles 35,670 35,670 2,099 2,099 Other trading artlvltles other Income 167 167 Total 16.128 595,903 612,031 EXPENDITURE ON Charitable activities Restricted Charltable attivitles Unrestricted Charitable activities 465,956 465,956 Total 465 17
FERMANAGH COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrivrriES - contlnued Unrestrfcted fund Restricted fund5 Total funds NET INCOME/(EXPENDITURE) (2,218) 129,947 127,729 Transfer$ between funds Net movement In funds (2,218) 129,947 127,729 RECONCXLIATION OF FUNDS Total funds brought forward 509,494 146,634 656,128 TOTAL FUNDS CARRIED FORWARD 507 276 276 581 783 857 12. TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machlnery Totals COST At l April 2022 Additions Disposals 406,674 59,952 71 762) 20,495 427.169 59,952 71762) At 31 March 2023 394 864 415 359 DEPRECIATION At l April 2022 On Disposals Charge for year 284,737 (17,940) 17,277 302,014 {17,940) At 31 March 2023 298 814 317 459 NET BOOK VALUE At 31 March 2023 At 31 Vlarch 2022 121937 125 156 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtors VAT Prepayments and accrued income 36,732 40,882 10,289 6,199 18
FERMANAGH COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade credltors Social securlty and othertaxes other creditors Accruals and deferred income 25.824 6,279 758 27,856 7,001 1,584 15. MOVEMEMf IN FUNDS Net movement in funds Transfers between funds At 114122 Al 3113123 Unrestricted funds General fund 507,276 119,232) 488.044 Restricted funds DFI Rural Transport Fund DFI Capital Grant 208,506 68,075 (27,670) (53,822) 180,836 14,253 TOTAL FUNDS 783,857 (100,724) 683,133 Net movement in funds, included in the above are as follows: Incomlng resources Re50urces expended Movement in funds Unrestricted funds General fund 9,515 (28,747) (19,232} Restricted funds DFI Rural Transport Fund Assisted Rural Transport Scheme Disability Action Transport Scheme Gain/{Loss) on disposal of capital assets Other Restrlcted 321,980 81,072 32,120 (53,822) 62,900 (349,650) (81.072) (32, 120) (27,670) {53,822) 62 900} 444 250 525 742) 81 492) TOTAL FUND5 453,765 {554,489) (100,724) 19
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - rontinued FOR THE YEAR ENDED 31 MARCH 2023 15. MOVEMENT IN FUNDS - continued Comparatives fop mo¥ement ITr funds Net movement in funds Transfers betlrieen fvnds At 114121 At 3113122 Unrestrlcted funds General fund 509,494 (2,218) 507,276 Restrlcted funds DFI Rural Transport Fund DFI Capital Grant 129,197 17,437 79,309 50,638 208,506 68,075 TOTAL FUNDS 656,128 127,729 783,857 Comparatlve net movement In funds, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 16,128 118,346) (2,218) Restrlcted funds DF[ Rural Transport Fund Assisted Rural Tran5POrt Scheme Disabillty Action Transport Scheme Dfl Capltal Grant Dfl COVID-19 Grant Donations Other Restricted 321,981 67,414 20,966 72,938 76,934 (242,672) (67,414) (20.966) (22,300) (76,934) 79,309 50,638 595,903 (465,956) 129,947 TOTAL FUNDS 16. EMPLOYEE BENEFIT OBLIGATIONS Deflned contributlon plans Contributions to defined contributlon plans are recognised as an expense in the period in whlch the related service is provlded. Prepaid contributions are recognlsed as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions aff not expected to be settled wholly within 12 months of the end of the reporting date in whlch the employees render the related service, the Ilablllty is measured on a dlscounted present value basis. The unwindin9 of the discount is recognised as an expense In the period in which it arises. The amount recognised irs incorne or expendlture as an expense in relation to defined contribution plans was £11,554 (2022: £11,499). 17. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2023. 20
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 18. DFI RURAL TRANSPORT FUND GRANT The Dfl Rural Transport Fund grant hès been used solely for the purposes intended and in accordance with the terms and conditions of the grant. 21
FERMANAGH COMMUNrrY TRANSPORT DETAILED STATEMENT OF FINANCIAL AcfIvITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legacles Disability Action Transport Scheme Assisted Rural Tr4n5POrt Scheme Rural Transport Fund Scheme Dfl Capital Grant Dfl COVED-19 Grant Fermanagh and Omagh District Council 32,120 81,072 321,980 20,966 67,414 321,981 72,938 76,934 7,515 442,687 560,233 Other tradlng aetlvltles Membershlp 267 167 Charitable activitles Passenger one to one Other income MIDAS training fee Group booklng 55,385 35,670 35 loo 200 9,048 64,633 37,769 other income Gainl (loss) on Sale of tangible fixed assets 53,822) Total incoming resources 453,765 612,031 EXPENDITURE Charitable actlvltles Wages Social securlty Pensions Tralnln9 Motor costs - direct Plant and machinery Flxtures and flttlngs 257,558 14.788 11,554 3,394 170,986 32,018 233,229 13,316 11,499 2,135 L33,225 40,646 491,666 436,196 Support C05t$ Management Rent Insurance Light and heat Telephone Postage and stationery Advertlsing Sundries Carried forward 10,943 1,212 10,877 5,180 5,289 1,651 4,017 39,169 10,649 1,416 3,585 3,294 3,125 3,793 4,047 29,909 This page does not form part of the statutory financial statements 22
FERMANAGH COMMUNrrY TRANSPORT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Management Brought forward Repairs Proressional fees Bad debts 39,169 977 9.886 755 29,909 3,186 5,185 106 50,787 38,386 Flnance Bank charges 1,134 710 Informatlon technology IT expenses 9.010 Total resources expended 554 489 484 302 Not surplus/(deficlt) 100 724) 127 729 This page does not form part of the statutory flnancial statements 23