REGISTERED COMPANY NUMBER: N1610269 (Northern Ireland) REGISTERED CHARITY NUMBER: 101626 FERMANAGH COMMUNrrY TRANSPORT RepoRT OF THE TRUSTEES AND AUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CavanaghKelly Chartered Accou ntants and Statutory Auditors 36-38 Northland Row Dungannon Co. Tyrone BT716AP
FERMANAGH COMMUNITY TRANSPORT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Report of the Independent Audltors 8 to 10 Statement of Flnanclal Actlvltl•$ li Stat•m•nt of Flnandal Posltlon 12 Statement of Cash Flowi 13 Not•s to th• Statement of Cash Flow• 14 Notes to th• Flnanclal Statem•nt• 15 to 23 D•talled Statement of Flnanclal Actlvltl¢• 24 to 25
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees. who are also dlrectors of the charlty for the purposes of the Companies Act 2006, present thelr report wlth the flnandal statements of the charlty for the year ended 31 March 2024. The trustees have adopted the provlslons of Accounting and Reportlng by Charltles: Statement of Recommended Practice appllcable to charities preparlng their accounts in accordance wlth the Flnanclal Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2019). OBJECTIVES AND AcnvmES Objectlves and alms The principal objectlves are to reduce soclal excluslon by providing an affordable, acce5s1ble and rellable transport servlce In rural areas of Fennanagh. Actlvltles and a¢hlev•m•nts Charltabl• Attlvlti•s Rural Dlal a Uft Door to S•Thl¢• Comparlng 2023124 agaSnst 2019120, performance of the Rural Dlal-a-Llft Sen4lce by number of trlps In 2024 {27,529) Is at 102% of the 2020 (27,037 trlps) performance. In 2022123, Fermanagh Communlty Transport {Fcf) achleved 26,777 Rural Dlal a Llft trlps. Thls represented an Increase of 752 or 2.8%. Thls Is undoubtedly a posltSve achlevement wlthln the contlnulng context of Increaslng Costs and ongolng fundlng uncertalnty. However, In counterbalance to thls, Fcf has wltnessed a slgnlficant Increase In the number of 'Refusals' In 2023124. Thls phenomenon demonstrates that Fcf has reached saturatlon polnt In terms of operatlonal capaclty afforded through the level of fundlng recelved through the Department of Infrastructure'5 Rural Transport Fund. Need and demand wlthln and across our rural communlty wlthln County Fermanagh are exceedlng our capaclty to meet It. Thls Is Incredlbly frustratln9 glven the Ilfe-llne nature of our servlce and Its crltlcallty to ensurlng access to baslc and essentlal servlces for those most removed from publlc transport and or wlthout access to a car and who are predomlnantly older people, people wlth dlsabllltles and women. Most of our members/ passengers are multlple Sdentlty In that they are often older, wlth a dlsablllty and female. The largest purpose by category Is day opportunltles whlch stands at 12,408 or 45% of totsl Rural Dlal a Llft Trlps. Thls represents a 1.2% rlse on the total for day opportunlty trlp number In 2022123. Thls Indlcates that an Increaslng number of d15abled and elderly rural Indlvlduals rely on our servlce to get them to thelr day opportunltles. Rural Dlal a Llft TrlPSX PuFpose 2023124 R•i¥+Jl 451
FERMANAGH COMMUNfTY TRANSPORT REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 ..contlnued In second place Is shopplngl personal buslnessl soclal vlslts whlch account for 30.3010, a rlse of 0.6% on 2022123 (8,033 trlps to 8,341 trlps). Educatlon came in at IO% compared to 9.6Wo In 2022123 (2,571 trlps to 2,722 trips). The training and employment category has fallen in absolute terms from 1,687 trips to 886 trlps, representlng a reductlon In relatlve terms from 6.3% to 3%. Thls Is Ilkely attrlbutable to our Increaslng Inability to offer the trlp needs of those who would wlsh to Use the servlce for tra5nlng and employment. FCT cannot provide the dally tlme span to accomrnodate this category to the extent which Is sought. Health related trips accounted for a comblned IO% of total DAL trlp numbers In 2023124, a rlse of 0.3% on 2022123 (2,597 trips to 2,797 trlps). Dl•ablllty Actlon Trnnsport Scheme Comparlng 2023124 against 2019120, the Dlsablllty Actlon Transport Scheme achleved 1,678 trlps compared to 1,900 In the financlal year 2019120. 11010 (222) fewer trlps were achleved In 2023124 compared to 2019120. In relatlon to 2022/23, 1,705 trlps were achleved. 2023124 has therefore achleved 27 fewer trlps. Thls Is a hlghly positive result glven the uncertalnty and relatlve reductlon In the fundlng made avallable for the Dlsablllty Actlon Transport Scheme. The relatlve breakdown of the Dlsablllty Actlon Transport Scheme trlps by purpose for the flnanclal year 2023124 1$ shown below. DlsabilltyA¢t5on Transport Scheme Trlps x Purpose 2023124 IhpppipwP•T¥PMI. Ih&th-Lo¢ai E&utail= J* 68% (1,141) of DATS trlps In 2023124 were for day opportunltles. This compares to a relatlve flgure of 63.6% In 2022123. The total trlps for day opportunltles In 2022123 was 1.084. Health related appolntments both to Hospltal and GP have rlsen by 0.6%, up from 314 to 317. Shopplng accounted for 9% (155 trips) In 2023124, compared to (9.7 % ) (166 trlps) In 202V23. Both the DAL and DATS flgures remaln strong wlthln the contlnulng context of relatlve fundlng uncertalnty and relatlve fundlng redurtlons, but the Increaslng level of 'Refusals' across both DAL and DATS clearly demonstrates that we have reached our maxlmum capaclty and are beglnnlnq to show slgns of reduction. We cannot do more wlth less and less year on year.
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ..continued Motablllty Out of Arn• Home to Hospltal, Health and Wellbelng Serv1¢• The Motabllity Out of Area Home to Hospltal, Health and Wellbelng Seniice which has been funded by the Motablllty Foundatlon for a 3-year perlod as part of the overall £3.4 mllllon collaboratlve Programme whlch Is being led by Easilink in Strabane, Omagh and Foyle, along with North Coast Communlty Transport and CDM Communlty Transport commenced properly although tentatively In September 2023. The ple chart below shows that Fcf has dellvered 162 trlps slnce September 2023 to the 31st March 2024. By far and away the largest category of trlp has been for attendan at hospltal appolntments outslde of the Fermanagh area. Over thls early perSod Sn the servlce roll-out, members have been taken to Altnagelvln Hospital, Mld-ulster Hospltal, Omagh Hospltal and Health Complex and the Clty Hospital In Belfast. Motabllltyscheme H•8lih. Oih•r 146. A•ereollon Volunteer Soclal Car S¢h•me Last year FCT had 8 volunteers under Its volunteer soclal car scheme. Thls has rlsen to 15 In 2023-24. Our Volunteer Soclal Car Scheme drlvers have been absolutely outstandlng In 2023124. In a year where we have been operatlng for much of the tlme below par In terms of pald drlvers due to fundlng uncertalnty and reductlons, the volunteers have stepped up and met the need and demand, especlally for the Increaslng hospital and health related trlps across both the DAL and DATS, and wlthln the new Motablllty Scheme Out of Area Service whlch started to corne onllne tentatlvely last September (2023). Group Hlre Wlth and Wlthout Fcf Drlver Group hlre on a self-drlve basls has begun to show some upllft In 2023/24. Thls appears to have been drlven by the increaslng cost pressures and constraints faced by many of our local communityi voluntary and sport groups for whom prlvate transport Is becomlng an Increasingly unviable optlon. Our servlce has enabled several groups to contlnue to offer their group members the opportunlty to travel to varlous sporting and communlty events within Fermanagh, across Northern Ireland and the United Kingdom. We had 2 accesslble mlnlbuses whlch spent 2 weeks in England in the Summer of 2023. Whilst we anticipate that this trend in group self-hire will contlnue, It w511 not add any signlflcant dege of earned Income to the organlsatlon's resources, especlally In any way toward making up for the reduction In fundlng from the Department for Infrastwcture. The fact remains and has been impressed on the Department for Infrastructu on numerous occasions and as reported wlthln the Trustee Report 2023, 'Fermanagh does
FERMANAGH COMMUNITY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 .contlnued not have the slze or denslty of populatlon of the other counties in Northern Ireland, nor does it have the economic value. Fermanagh records the lowest economlc value of the other countles in Northern Ireland. As such, the vehlcle h1 wlth driver market is simply not there. Of the groups in the past who did avall of thls servlce, many have gone out of operatlon due to an end of fundlng Streams and the rlslng costs of operation,, Membershlp Number• Membership of Fcf's Rural Dial a Lift Door to Door Serv1 stands presently at 941. A recent Ilst cleanslng exerclse brought the number of registered members down below 850 from over 1,000 members. It Is Important to note that we are not attlvely promotlng the Dlal a Llft Servlce due to the budget clrcumstances, yet we are seelng our membershlp upllft from the reduced membershlp followlng the Ilst cleanslng exerclse In early 2024. Thls trend wlll undoubtedly contlnue considerlng the agelng demographlc wlthln the County, the lack of avallable, sultable and accesslble publlc transport, the prohlbitive cost of taxis and the continuing c05t of Ilvlng pressures whlch contlnue to rlse albeit at a slower rate from 2022123. F contlnues to lialse and collaborate wlth Fermanagh and Omagh Distritt Council Communlty a'nd Voluntary Sector Forum, Communlty Planning Anti-Poverty Group, South West Agelng Partnership, Communlty Transport Assoclatlon UK, RCTPS Managers. Forum and DfI, Queens Unlverslty of Belfast, Dlsablllty A¢tlon, RNIB, the Eallng CT Soclal Value Calculator Revlsion and Update Group, the Large Communlty Transport Operators Group (UK), our Motablllty Programme Partners, as well as supportlng numerous other Inltlatlves locally, reglonally and UK wlde. Publ1¢ b•n¢flt The Trustees of Fermanagh Community Transport conflrm that they have complled wlth thelr duty under sectlon 4(6) of the Charltles Art (Northern Ireland) 2008 to have regard to the Charlty Commlsslon for Northern Ireland's guldance on public beneflt and that the publlc benefit requlrement has Informed the actlvltles of the charltable company In the year ended 31 March 2024. Flnanclal revlew Flnan¢lal posltlon Sources of fundlng for the Charlty have remained stable wlth the charlty generatlng a surplus durlng the year of £50,737 (2023: deflclt £100,724). The Charity uses Its reserves to cover any deficlts In Ilne with the Charlty's Reserves Pollcy. Reserves polley Fermanagh Community Transport's current pollcy Is to trade and dellver senilces, employ staff, rent premlses, purchase/hlre/lease vehicles and equlpment, purchase goods and servlces. The Fermanagh Communlty Transport Trustees must ensure that it has sufflclent resources. It Is consldered g¢xJd practice to seek to bulld financial reserve5 whlch will enable the organlsatlon to meet future commitments or unforeseen expenses without a negative impact on the ablllty to dellver servlces or develop our buslness In the manner planned. By holdlng reserves, the organisation will be able to. • absorb setbacks and take advantage of changes and opportunltles; demonstrate a plan for viability beyond the Immediate future and provlde rellable servlces over the longer demonstrate to funders that the organlsatlon has glven conslderatlon to long-term plans and vlablllty.
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ..contlnued Prlnclpal rlsks and uncertalntles The Trustees have conducted a review of the key rlsks facing the charity and have establlshed procedures to manage those rlsks. Slgnificant external rlsks In relation to fundlng have led to the development of a strateglc plan which allows for the dlversmcatlon of funding and activltles. Internal risks are minimlsed by the Implementation of procedures for authorisation of all transactions and to ensure consistent quality of dellvery for all operational aspects of the charlty. These procedures are perlodlcally vIewed to ensure that they stiii meet the needs of the charlty. Golng Concern The financlal statements are prepared on a golng concern basls, whlch assumes the charlty wlll be In operatlonal exlstence for a period of at least 12 months from the date the accounts have been slgned. STRATEGIC REPORT STRucfuRE. GOVERNANCE AND MANAGEMENT Gov•rnln9 document The charlty Is controlled by Its governlng document, a deed of trust, and constitutes a Ilmlted company• limited by guarantee, as deflned by the Companles Att 2006. Oryanlsatlonal structure Fermanagh Communlty Transport Is a company Ilmlted by guarantee, not havlng a share capltal. It Is reglstered as a charfty wlth the Charlty Commlsslon NI. The charltable company was established under a Memorandum of Assoclatlon whlch establlshed the objects and powers of the charltable company and Is governed under Its Artlcles of Assoclatlon. Anyone wlthin the area of beneflt who subscrlbes to the objects of the Company can become a member of the Company. Sultable new Trustees are recrulted from among the members by the current trustees and presented to the AGM to be appointed as per the Governlng Document.
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 .contlnued REFERENCE AND ADMINisfRATIVE DETAILS Registered Company number N1610269 (Northem Ireland) R•gl8t•red Charlty number 101626 Regl•tered offlc• 42 Ennlskillen Buslness Centre Lackaghboy Industrlal Estate Enniskillen BT74 4RL Tru•t•es and dlrectors Barry Boyle Elleen Drumm Allison Forbes Catherlne Magowan Barry Mcmanus - appolnted 27 June 2023 David Monaghan Company Secr•tary Davld Monaghan REFERENCE AND ADMINisfRATIVE DETAILS Audltor• CavanaghKelly Chartered Accountants and Statutory Audltors 36-38 Northland Row Dungannon Co. Tyrone 8T71 6AP
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ..contlnued srATEMENT OF TRusfEES' RESPONSIBILrriES The trustees (who are also the directors of Fermanagh Communlty Transport for the purposes of company law) are responslble for preparlng the Report of the Trustees and the flnanclal statements In accordance wlth appllcable law and Unlted Klngdom Accounting Standards (Unlted Kingdom Generally Accepted Accountlng Practlce). Company law requlres the trustees to prepare flnancial statements for each financlal year which glve a true and falr vlew of the state of affalrs of the charltable company and of the incoming resources and applicatlon of resources, Includlng the Income and expendlture, of the charitable company for that perlod. In preparing those financlal statements, the trustees are requlred to: select suitable accountlng policles and then apply them conslstently; observe the methods and prlnclples In the Charlty SORP; make Judgements and estlmates that are reasonable and prudent; prepare the financial statements on the golng concem bas15 unless It Is Inapproprlate to presume that the charltable company wlll contlnue In buslness. The trustees are responslble for keeplng proper accountlng cordS whlch dlsclose wlth reasonable accuracy at any tlme the flnanclal position of the charltable company and to enable them to ensure that the financlal statements comply wlth the Companles Att 2006. They are also responslble for safeguardlng the assets of the charltable company and hen for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularlties. In so far as the trustees are aware: there Is no relevant audlt Informatlon of whlch the charltable company's audltors are unaware; and the trustees have taken all steps that they ought to have taken to make themselves awa of any relevant audlt Informatlon and to establlsh that the audltors are aware of that Informatlon. AUDITORS The audltors, CavanaghKellyi wlll be proposed for re-appolntment at the forthcomlng Annual General Meetlng. Report of the trustees, Incorporatlng a strateglc report, approved by order of the board of trustees, as the company dlrectors, on 25 June 2024 and slgned on the l>oard's behalf by: Cathe Trust e Mago
FERMANAGH COMMUNITY TRANSPORT REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPORT FOR THE YEAR ENDED 31 MARCH 2024 Opinion We have audited the financial statements of Fermanagh Communlty Transport (the 'charltable company,) for the year ended 31 March 2024 which comprise the Statement of Flnanclal Actlvlties, the Statement of Flnancial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of slgnificant accounting policies. The financial reporting framework that has been applied In their preparatlon is appllcable lavi and Unlted Klngdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practlce). In our opinlon the financial statements: • give 3 true and fair view of the state of the charltable company's affalrs as at 31 March 2024 and of Its incoming resources and applicatlon of resources, Including Its income and expenditure, for the year then ended; have been properly prepared In accordance wlth United Kingdom Generally Accepted Accountlng Practlce; and have been prepared In accordance wlth the requirements of the Companles Act 2006. Basls for oplnlon We conducted our audit In accordance wlth International Standards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibllities under those standards are further descrlbed In the Audltors, responslbllltles for the audlt of the flnanclal statements sectlon of our report. We are Independent of the charltable company In accordance wlth the ethical requirements that are relevant to our audlt of the flnancial statements In the UK, Includlng the FRC's Ethlcal Standard, and we have fulfilled our other ethlcal responslbllltles in accordan wlth these requlrements. We belleve that the audlt evldence we have obtalned Is sufflclent and approprlate to provlde a ba515 for our oplnlon. M•terf•l unc•rtalnty related to golng conc•rn We draw attentlon to Note 2 on page 17 In the financlal statements, whlch Indlcates that the reductlon of key fundlng In respect of the Rural Transport Fund Scheme by the Department of Infrastructure Is Ilkely to have a slgnificant Impact on the operatlons and abllity of the charity to contlnue as a golng concern. As stated In the note, these events and condltlons, along with the other matters set forth In Note 2, indlcate a potentlal materlal uncertalnty that may cast doubt on the company's ablllty to continue as a golng concern. Our opinion is not modlfled In thls regard. In audltlng the flnanclal statements, we have concluded that the dlrectors, use of the golng contsrn basls of accountlng in the preparatlon of the financlal statements 15 approprlate. Oth•r Informatlon The trustees are responslble for the other Informatlon. The other Informatlon comprises the information Sncluded In the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our oplnion on the flnanclal statements does not cover the other Information and, except to the extent otherwlse explicitly stated In our report, we do not express any form of assurance conclusion thereon. In connectlon wlth our audlt of the financlal statements, our responsibility Is to read the other Information and, In dolng so, consider whether the other Informatlon Is materlally inconsistent with the flnanclal statements or our knowledge obtained in the audit or otherwise appears to be materlally mlsstated. If we Identlfy such material Inconslstencles or apparent materlal mlsstatements, we are requlred to determlne whether thls glves rlse to a materlal mlsstatement in the financlal statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other Information, we are required to report that fact. We have nothing to report In thls regard. Oplnlon• on other matters pres¢rlbed by th¢ Companle• Act 2006 In our oplnlon, based on the work undertaken In the course of the audit: • the information given in the Report of the Trustee5 for the financial year for which the financial statements are prepared is conslstent with the financial statements. and thp Reprjrt nf thp Tnistpp.s ha< bppn prppar•d In xrrnrdanre wlth ?pplScable l@9al reqiilrempntrs.
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPORT FOR THE YEAR ENDED 31 MARCH 2024 ..continued Matters on whl¢h we are requlrnd to report by exceptlon In the Ilght of the knowledge and understanding of the charitable company and its envlronment obtained in the course of the audit, we have not identlfied material misstatements in the Report of the Trustees. We have nothlng to report in respect of the followlng matters where the Companles Act 2006 requlres us to report to you If, In our oplnion: • adequate accountlng records have not been kept or returns adequate for our audlt have not been received from branches not vlslted by us; or the flnancial statements are not In agreement with the accountlng records and retums; or • certain dlsclosures of trustees, remuneration specified by law are not made. or • we have not recelved all the Informatlon and explanations we requlre for our audlt. Responslbllltlos of trust¢¢s A5 explalned more fully In the Statement of Trustees, Responslbllltles, the trustees (who are also the dlrectors of the charitable company for the purp05e5 of company law) are responslble for the preparatlon of the financial statements and for belng satlsfled that they glve a true and fair view, and for such Internal control as the trustees determlne is necessary to enable the preparation of flnanclal statements that are free from materlal mlsstatement, whether due to fraud or error. In PparIng the flnandal statements, the trustees are responslble for assesslng the charitable company's ablllty to contlnue as a golng concern, dlscloslngi as appllcable, matters related to golng concern and uslng the going concern basls of accountln9 unles5 the trustees either Intend to Ilquldate the charitable company or to cease operatlons, or have no reallstlc alternative but to do so. Our r•sponslbllltl•s for the •udlt of the flnanclal statements Our objertlves are to obtaln reasonable assurance about whether the flnanclal statements as a whole are free from materlal mlsstatement, whether due to fraud or error, and to Issue a Report of the Independent Audltors that Includes our oplnlon. Reasonable assurance Is a hlgh level of assurance but Is not a guarantee that an audlt conducted In accordance wlth ISAS (UK) wlll always detert a material mlsstatement when It exlsts. Mlsstatements can arlse from fraud or error and are consldered materfal If, IndSvldually or In the aggregate, they could reasonably be expected to Influence the economlc declslons of users taken on the basls of these flnanclal statements. Irregularltles, Includlng fraud, are instances of non-compllance with laws and regulatlons. The objectlves of our audit In respect of fraud are to assess the rlsk of materSal mlsstatement due to fraud, desSgn and Implement approprlate responses to those assessed rlsks and to respond approprlately to Instances of fraud or suspected fraud Identlfled during the course of our audlt. However, the prlmary responsibility for the preventlon and detectlon of fraud rests wlth management and those charged wlth governance of the charltable company. In Identlfylng and asses51ng rlsks of materlal mlsstatement In respect of irregularitles, Includlng fraud and non- compllance wlth laws and regulations, our procedures Included the following: We obtalned understandlng of the legal and regulatory requlrements appllcable to the charltable company's flnancial statement5 and considered the most significant are the Companies Art 2006, Flnanclal Reportlng Standards (FRS 102), and the Charitles Act 2011. We have assessed the rlsk of materlal misstatement of the flnanclal statements, Includlng risk of material misstatement due to fraud and how it might occur by holdlng discussions wlth management and those charged wlth govemance. We enqulred of management and those charyed with governance as to any known instances of non- iompllaThLe ill tsiispeited Ilu(I-Luii IpIi(IfiLe wiil I IdYlS aiid i eyuldtiviis- Understandlng the internal controls establlshed to mltlgate risks related to fraud or non-compllance wlth laws and regulatlons; and Discussions amongst the audit engagement team regarding how fraud might occur In the financial statements and any potentlal Indlcators of fraud. As part of this dlscusslon we Identified the following potential areas where fraud may occur: completeness of revenue recognition in respect of grant income and
FERMANAGH COMMUNrrY TRANSPORT REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF FERMANAGH COMMUNITY TRANSPOR" FOR THE YEAR ENDED 31 MARCH 2024 ..continu•d management overrlde. The audit response to rlsks Identlfled included: Revlewing the financial statements disclosures and testlng to supportlng documentation to assess compllance wlth the relevant laws and regulations above. Performlng analytical procedures to identlfy any unusual or unexpected relatlonshlps that may indlcate risk of materlal misstatement due to fraud; In addresslng the risk of fraud through management override of controls, testing the appropriateness of Joumal entries and other adjustments, assesslng whether the judgements made in making accountlng estimates are reasonable and evaluatlng the buslness ratlonale of any slgnlflcant transattlons that are unusual or outslde the normal course of buslness. A further descrlptlon of our responsibillties for the audlt of the flnancial statements Is located on the Flnanclal Reportlng Councll's webslte-at www.frc.org.uk/audltorsresponslbllltles. Thls descrlptlon forms part of our Report of the Independent Audltors. Use of our report Thls report Is made solely to the charltable company's members, as a body, In accordance wlth Chapter 3 of Part 16 of the Companles Art 2006. Our audlt work has been undertaken so that we mlght state to the charltable company's members those matters we are required to state to them In an audltors, report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslblllty to anyone other than the charltable company and the charitable company's members as a body, for our audlt work, for thls report, or for the oplnlons we have formed. Ryan Fall• FCA {Senlor Statutory Audltor) for and on behalf of CavanaghKelly Chartered Accountants and Statutory Audltors 36-38 Northland Row Dungannon Co. Tyrone BT716AP Date: 25 June 2024 10
FERMANAGH COMMUNITY TRANSPORT STATEMENT OF FINANCIAL ACTIVXTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds restated Unrestrlcted fund Restrlcted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacles 532,505 532,505 438,797 Charltable actlvltl Charltable actlvltles Other trading attivities Other galns/(losses) on dlsposals of assets 18,884 333 57,738 76,622 333 68,523 267 (53,822) Total 19,217 590,243 609,460 453,765 EXPENDITURE ON Charltable attlvrties 13,947 544,776 558,723 554,489 NET INCOME/(DEFICIT) 5,270 45,467 50,737 (100,724) RECONCILIATION OF FUNDS Total funds brought forward 488,044 195,089 683,133 783,857 TOTAL FUNDS CARRIED FORWARD 493 314 240 556 733 870 683 133 CONTINUING OPERATIONS All income and expenditure has arlsen from contlnulng actlvltles. The above Statement of Flnanclal Actlvltles Includes all Informatlon as requSred to be dlsclosed by the Companles Act 2006, The Statement of Financial Actlvltles Includes all galns and losses recognlsed durlng the year. The notes on pages 15 to 23 form an Integral part of these flnanclal statements. 11
FERMANAGH COMMUNrrY TRANSPORT STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 Total funds 2023 Total fund$ Unre$trirted fund R•strfcted funds Notes FIXED ASSETS Tangible assets 13 66,588 115,289 181,877 97,900 CURRENT ASSErs Debtors: amounts falllng due wlthln one year Cash at bank and In hand 14 63,483 427 532 15,636 109 631 79,119 537 163 61,067 561 032 491,015 125,267 616,282 622,099 CREDITORS Amounts falling due within one year 15 (64,289) (64,289) (36,866) NEf CURRENT ASSETS 426 726 125 267 551993 585 233 TOTAL ASSETS LESS CURRENT LIABILMES 493,314 240,556 733,870 683,133 NET ASSErs 493 314 240 556 733 870 683 133 FUNDS Unrestrlcted funds Restrlcted funds 16 493,314 240 556 488,044 195 089 TOTAL FUNDS 733 870 683 133 The flnanclal statements were approved by the Board of Trustees and authorlsed for Issue on 25 June 2024 and were slgned on Its behalf by: Catherine Trustee agowan 12
FERMANAGH COMMUNrrY TRANSPORT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operatlng artlvltles Cash generated from operatlons 120 916 19 394) Net cash provided by/(used in) operatlng actlvltles 120 916 19 394) Cash flows from Inv•stlng actlvltles Purchase of tanglble flxed assets Sale of tanglble flxed assets 13 (144,785) (59,952) Net cash used In investlng actlvltles 144 785 59 952) Change In cash and ca$h •qulvalents In th• r•portlng perlod (23,869) {79,346) Ca$h )nd cash equlvalents at the beginning of the reporting period 561,032 640,378 Cash and cash equlvalents at th• end of the reportlng perlod 537,163 561,032 13
FERMANAGH COMMUNITY TRANSPORT NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Income for the reportlng p¢rlod (as per the Statement of Flnancial Activlties) Adjustments for: Depreclatlon charges (Profit)/loss on dlsposal of flxed assets Decrease/{Increase) in debtors (Decrease)/lncrease In credltors 50,737 (100,724) 60,808 33,385 53,822 (2,297) (18,052) N•t cash provlded by/(used In) op•ratlon• 120 916 19 394) ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net u$h Cash at bank and in hand 561 537 163 Total 14
FERMANAGH COMMUNITY TRANSPORT NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION The charity Is a publlc benefit entity and a prlvate company limited by guarantee, reglstered in Northem Ireland, registered as a charlty in Northern Ireland. The address of the registered office is 42 Ennlsklllen Buslness Centre, Lackaghboy Industrlal Estate, Ennlsklllen, Co. Fermanagh, BT74 4RL. ACCOUNTING POLICIES Basls of prepjrlng the flnanclal statements The financial statements of the charitable company, whlch Is a public benefit entity under FRS 102, have been prepared In accordance with the Charltles SORP (FRS 102) 'Accountlng and Reportlng by Charltles: Statement of Recommended Practlce appllcable to charities preparing thelr accounts In accordance wlth the Flnancial Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102) {effectlve I January 2019),, Flnanclal Reportlng Standard 102 'The Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland, and the Companles Act 2006. The flnanclal statements have been prepared under the hlstorical cost conventlon. The accounts are prepared under the hlstorlcal cost conventlon modlfled when necessary to Include the revaluatlon of certaln flxed assets. Income All Income Is recognised In the Statement of FlnancSal Actlvltles once the charlty has entitlement to the funds, It Is probable that the income wlll be recelved and the amount can be measured rellably. The followlng speclfic pollcles are applled to partlcular categorles of Income.. Income from donatlons and grants Is recognlsed when there Is evidence of entitlement to the gift, recelpt Is probable and Its amount can be measured rellably. Income from donated goods Is measured at the falr value of the goods unless thls Is Impractlcal to measure rellably, In whlch case the value Is derlved from the cost to the donor or the estlmated resale value. Donated faclllties and servlces are recognlsed In the accounts when received if the value can be reliably measured. No amounts are Included for the contrlbutlon of general volunteers. Income from contracts for the supply of servlces Is recognlsed wlth the delivery of the contrarted servlce. Thls Is classlfied as unrestrlcted funds unless there Is a contractual requlrement for It to be spent on a partlcular purpose and returned If unspent, In whlch case It may be regarded as restrlcted. Expendlture Liabilities are recognlsed as expendlture as soon as there Is a legal or constructlve obllgatlon commlttlng the charlty to that expendlture, It Is probable that a transfer of economic ber)efits wlll be requlred In settlement and the amount of the obligation can be measured rellably. Expenditure Is accounted for on an accruals basis and has been classlfied under headlngs that aggregate all cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headlngs, they have been allocated to actlvltles on a basis conslstent wlth the use of resources. Expendlture Includes any VAT whlch cannot be fully recovered, and Is classlfled under headlngs of the statement of flnanclal attivities to whlch It relates: Expendlture on charltable actlvltles Includes all costs Incurred by a charlty In undertaklng actlvltles that further Its charitable aims for the beneflt of its beneficiaries, includlng those support costs and costs relatlng to the governance of the charlty apportioned to charitable actlvitles. Other expenditure Includes all expenditure that is nelther related to ralslng funds for the charity nor part of Its expenditure on charltable activlties. All costs are allocated to expenditure categories reflectlng the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonablei justifiable and conslstent basls. 15
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - contlnued Governm•nt grants Government grants are recognised at the falr value of the asset recelved or recelvable. Grants are not recognised until there is reasonable assurance that the charlty wlll comply wlth the condltlons attachlng to them and that the grants will be received. Where the grant does not Impose specifled future performance-related condltlons on the reclplent, It Is recognised in income when the grant proceeds are recelved or recelvable. Where the grant does impose specified future performance-related conditions on the reclpient, it Is recognlsed In Income only when the performance-related condltlons have been met. Where grants recelved are pdor to satlsfylng the revenue recognltlon crlterla, they are recognlsed as a Ilablllty. Tanglble flxed assets Tangible assets are inltially recorded at cost, and subsequently stated at cost less any accumulated depreclatlon and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluatlon less any subsequent accumulated depreclatlon and subsequent accumulated Impaimient losses. An Increase In the carylng amount of an asset as a result of a revaluatlon, Is recognlsed In other recognlsed galns and losses, unless It reverses a charge for Impalrment that has prevlously been recognlsed as expenditure within the statement of flnanclal activltles. A decrease In the carrying amount of an asset as result of revaluation, Is recognised In other recognlsed galns and losses, except to whlch It offsets any prevlous revaluatlon galn, In whlch case the loss Is shown wlthln other recognlsed galns and losses on the statement of flnanclal activltles. Deprn¢latlon Depreclatlon Is provlded at the followlng annual rates In order to wrlte off each asset over Its estlmated useful Ilfe. Plant & Machlnery Flxtures & Flttlngs 25% reducing balance 40% reduclng balance Impalrment of flxed as•ets A review for indlcators of impairment Is carried out at each reporting date, with the recoverable amount being estimated where such Indicators exlst. Where the carrylng value exceeds the recoverable amount, the asset Is Impaired accordlngly. Prlor Impalrments are also revlewed for posslble reversal at each reportlng date. For the purposes of impairment testing, when it is not posslble to estlmate the recoverable amount of an Indlvldual asset, an estlmate is made of the recoverable amount of the cash generating unlt to whlch the asset belongs. The cash-generatlng unlt Is the smallest Sdentlflable group of assets that Includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or group5 of assets. For Impalrment testlng of goodwlll, the goodwlll acquired In a buslness comblnatlon Is, from the acqulsltlon date, allocated to each of the ca5h-generating units that are expected to beneflt from the synergles of the comblnation, Irrespective of whether other assets or liabilities of the charity are asslgned to those units. Taxatlon The charlty Is exempt from Corporatlon Tax on Its charitable attlvltles. Fund accountlng Unrestricted funds can be used In accordance wlth the charltable objectlves at the discretion of the trustees. Restricted funds can only be used for partlcular restricted purposes wSthln the objects of the charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restrirted purposes. 16
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Deslgnated Fund The Trustees have concluded that there Is a requlrement for three Deslgnated Reserves as per prevlous years. A Reserve for capltal purchaslng of buses, a Reserve for calculated closlng down costs In the event of a windlng up of the organlsatlon and a Reserve to cover 4 months running costs to enable smooth running in the event of a major funding shortfall. The amounts deemed necessary as outllned In the Going Concem note below. Penslon costs and other post-rntlrnment beneflts The charltable company operates a deflned contrlbutlon penslon scheme. Contrlbutlons payable to the charltable company's penslon scheme are charged to the Statement of Financlal Actlvltles In the perlod to which they relate. Golng Conc•rn The financial statements are prepared on a golng concern basls, which assumes the, charlty wlll be In operational exlstence for a perlod of at least 12 months from the date the accounts have been slgned. The charlty generated a total surplus of £50,737 after capltal fundlng of £143,910 and depreclatlon of £60,808 (2023: deflcit of £100,724, after depreclatlon of £33,386 and a loss on dlsposal of fixed asset of £53,822). Durlng the year ended 31 March 2024, the charlty recelved notificatlon that Its maln fundlng would be reduced by the grant funder (the Rural Transport Fund Scheme by the Department of Infrastructure). Fundlng for 2024125 Is antlclpated to reduce. At the date of slgnlng these flnanclal statements, the charlty's trustees remaln confident that sufflclent fijndlng can be secured, and that the charlty has sufficlent reserves to dlscharge all Its Ilabllltles as they fall due. However, the ablllty of the charlty to continue as a golng concern Is dependent on such fundlng being made avallable and the directors have prepared the flnancial statements on the golng concern basls, on the assumptlon such funding wlll be recelved. DONATIONS AND LEGACIES 2024 2023 rnstated Dlsablllty Actlon Transport Scherne Asslsted Rural Transport Scheme Dfl Rural Transport Fund Scheme Motability capital grant Motability Fermanagh and Omagh Dlstrfct Councll 26,635 89,180 234,777 143,910 35,585 28,230 81,072 321,980 532 505 438 797 OTHER TRADING AcfiviTIES 2024 2023 Membershlp 17
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHAIUTABLE AcfIviTIES 2024 2023 stated Charltable a¢tlvltle$: Restricted Restricted Unrestrlcted Restricted Unrestricted Unrestrlcted DATS fares DfI Dial a Lift fares Other Income Motablllty fares MIDAS training fee Group booklngs 3,912 50,671 170 3,155 300 3,890 55,385 200 CHARITABLE AcfivITIES COSTS Dlrect costs (Note 7) Support costs (note 8) TotalA Restrlcted Charltable Actlvlties Unrestrlcted Charltable Activities 492,910 51,866 544,776 506,857 51,866 558,723 DIREcf COSTS 2024 2023 Salarles Soclal Securbty Penslons Tralnlng Motorlng expenses Depreclatlon 253,996 13,402 10,922 2,447 165,282 257,558 14,788 11,554 3,394 170,987 506 857 491 666 SUPPORT COSTS Informatlon techno109y Management Flnane• Totals Restricted Charltable actlvltles 801 Support Costs, Included In the above, are as follows: 2024 2023 Rent Insurance Light and heat Telephone Postage and stationery Advertising Sundrles Repairs Professional fees Bad debts Bank charges rr expenses 11,375 1,420 5,423 5,267 3,873 1,488 4,807 1,335 6.067 370 801 10,943 1,212 10,877 5,180 5,289 1,651 4.017 977 9,886 755 1,134 18
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 NEf INCOME/(EXPENDThURE) Net incomel(expendlture) Is stated after charglng/(credlting): 2024 2023 Depreciation - owned assets (Galn)/loss on disposal of fixed assets 60,808 33,385 io. TRusfEES' REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Truste. •xp•ns•s Trustees expenses of £NII were pald for the year ended 31 March 2024, (2023 - £NII). STAFF COSTS Ix. 2024 2023 Wages and salarles Soclal security costs Other penslon costs 253,996 13,402 257,558 14,788 278 320 283 900 The average monthly number of employees durlng the year was as ft)Ilows: 2024 2023 Employees 14 15 No employees recelved emoluments In excess of £60,000. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvmES- YEAR END 31 MARCH 2023 Unrestrl¢t•d fund Re•trlcted funds Total funds INCOME AND ENDOWMENTS FROM Donatlons and legacles 438,797 438,797 Charltable artlvltles Restrlcted Charitable artlvltles Unrestricted Charltable actlvltles Other trading activltles other galns/(losses) on dlsposal of assets 59,275 59,275 9,248 267 53 822) 9.248 267 53 822) Total 9,515 444,250 453,765 EXPENDITURE ON Charltable actlvltles 28,747 525,742 554,489 724 19
FERMANAGH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIvrrIES - contlnued Unrestrl¢ted fund Restrlcted fund$ Total funds NET INCOME/(EXPENDrruRE) (19,232) (81.492) (100,724) Transfers between funds Net movement In funds (19,232) (81,492) {100,724) RECONCILIATION OF FUNDS Total funds brought forward 507,276 276,581 783,857 TOTAL FUNDS CARIUED FORWARD 488 044 195 089 683 133 13. TANGIBLE FIXED ASSETS Flxture* and flttlngs Plant and machlnery Total• COST At l Aprll 2023 Additions Dlsposals 394,864 143,940 20,495 415,359 144,785 At 31 March 2024 538 804 560 144 DEPRECIATION At l Aprll 2023 On Dlsposals Charge for year 298,814 18,645 317,459 810 At 31 March 2024 358 812 378 267 NET BOOK VALUE At 31 March 2024 179 992 181 877 At 31 March 2023 14. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade debtors Other debtors VAT Prepayrp.eryte and arrryed Incnrn.e 29,140 36,732 36,546 10,289 20
FERMANAGH COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade credltors Soclal securlty and other taxes Other creditors Accruals and deferred Income 49,820 5,986 1,910 25,824 6,279 758 16. MOVEMENT IN FUNDS Net movement In funds Trnn•f•r• b•tw•¢n ftinds At 3113124 At 114123 Unrn•trlct•d fund• General fund 488,044 5,270 493,314 Restrlct¢d fund$ DFI Rural Transport Fund DFI Capltal Grant Motablllty Capltal Grant 180,836 14,253 (98,443) 82,393 14,253 143,910 143,910 TOTAL FUNDS 683,133 50,737 733,870 Net movement In funds, Included In the above are as follows: In¢omlng reJource• ROurteS expended Mov•m•nt In fund• Unr•strlcted funds General fund 19,217 {13,947) 5,270 Restrlcted funds DfI Rural Transport Fund Assisted Rural Transport Scheme Dlsablllty Actlon Transport Scheme Motablllty grants Other Restricted 234,777 89,180 30,547 179,495 (333,220) (89,180) (30,547) (35,585) 56 244) (98,443) 143,910 590 243 544 776 TOTAL FUNDS 609,460 (558,723) 50,737 21
FERMANAGH COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS - contlnued Comparatives for movement in funds Net movement In funds Transfers between funds At 114122 At 3113123 Unrestrlcted fund* General fund 507,276 (19,232) 488,044 Restrlcted fund• Dfl Rural Transport Fund Dfl Capital Grant 208,506 68,075 (27,670) (53,822) 180,836 14,253 TOTAL FUNDS 783,857 (100,724) 683,133 Comparatlve net movement In funds, Included In the above are as follows: In¢omlng r•sourc•• Resources expend•d Movement In funds Unrestrlcted funds General fund 9,515 (28,747) {19,232) Re•trlcted fund• Dfl Rural Transport Fund Asslsted Rural Transport Scheme Dlsablllty Actlon Transport Scheme Galn l (loss) on dlsposal of flxed assets Other Restrlcted 321,980 81,072 32,120 (53,822) {349,650) (81,072) (32,120) (27,670) (53,822) 444,250 (525,742) (81,492) TOTAL FUNDS 17. EMPLOYEE BENEFIT OBLIGATIONS Deflned contrlbutlon pl•n$ Contrlbutlons to defined contrlbution plans are recognlsed as an expense In the perlod In whlch the related servlce Is provlded. Prepald contributions are recognised as an asset to the extent that the prepayment will lead to a reductlon in future payments or a cash refund. When contributions are not expected to be settled wholly withln 12 months of the end of the reporting date in which the employees render the related servlce, the liablllty Is measu on a discounted present value basls. The unwlndlng of the dlscount Is recognised as an expense in the period in which It arises. The amount recognised In Income or expendItU as an expense in relation to defined contrlbutlon plans was £10,992 (?0ry3'. £11,554). RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 March 2024. 22
FERMANAGH COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 19. DII RURAL TRANSPORT FUND GRANT The DfI Rural Transport Fund grant has been used solely for the purposes Intended and In accordance wlth the temis and condltions of the grant. 20. Fln•ncl)I Commltments Fermanagh Communlty Transport had outstsndlng capltal commltments for two buses ordered prlor to the year end. The flrst, costlng £71,955, was dellvered In Aprll 2024 and was grant funded by Motabllity. The second, costlng £75,527, Is belng paid Fermanagh Communlty Transport from its own funds, wlth dellvery In the summer of 2024. 23
FERMANAGH COMMUNITY TRANSPORT DETAILED sfATEMENT OF FINANCIAL ACTIvrriES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Restated INCOME AND ENDOWMENTS Donations and leg•cle$ Disablllty Actlon Transport Scheme Asslsted Rural Transport Scheme DfI Rural Transport Fund Scheme Motability capital fundlng of buses Motablllty revenue fundlng Fermanagh and Omagh Dlstrlct Counc51 26,635 89,180 234,777 143,910 35,585 28,230 81,072 321,980 532 505 438 797 Other tradlng actlvltl Membershlp 333 267 Charltable actlvltles Dlsabllity Actlon Transport Scheme fares Dfl Dial a Lift fares Motablllty fares Other Income MIDAS tralnlng fee Group booklngs 3,912 50,671 3,155 170 300 3,890 55,385 200 Other Income Galn / (loss) on disposal of flxed assets {53,822) Total Incomlng re*ource$ 609 460 453 765 24
FERMANAGH COMMUNrrY TRANSPORT DEfAILED STATEMENT OF FINANCIAL ACTIvrrIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 EXPENDITURE Charltable actlvltles Salarles Soclal Securlty Pensions Trainlng Motorlng expenses Depreclatlon on plant and machlnery Depreclatlon on fixtures and flttlngs 253,996 13,402 10,922 2,447 165,282 59,998 810 506 857 257,558 14,788 11,554 3,394 170,986 32,018 491 666 Support Costs Manag•m•nt Rent Insurance Lights, heat and power Telephone Postage and statlonery Advertislng Sundrles Repairs Professlonal fees Bad debts 11,375 1,420 5,423 5,267 3,873 1,488 4,807 1,335 6,067 370 10,943 1,212 10,877 5,180 5,289 1,651 4,017 977 9,886 755 Flnanc• Bank charges 801 1,134 Informatlon t¢¢hnology IT expenses 9,640 10,902 Total resources expended 558 723 554 489 Net surplus / (deflclt) 100 724 25