2026-03-31-accounts - Fermanagh Community Transport

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FERMANAGH COMMUNITY TRANSPORT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2026

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Charitable activities 3 Other trading activities 3 Other gains/(losses) on disposals of assets Total EXPENDITURE 4 Charitable activities Net income Transfers between funds Reconciliation of funds Total funds brought forward Total funds carried forward	2026 2026 2026 2026 Designated Funds Unrestricted Funds Restricted Funds Total Funds (Note 12) £ £ £ - - 615,277 615,277 - 25,148 77,195 102,343 - 617 - 617 - 18,498 - 18,498 - 44,263 692,472 736,735 - (10,328) (716,624) (726,952) - 33,935 (24,152) 9,783 - - - - 300,000 250,188 214,193 764,381 300,000 284,123 190,041 774,164	2025 2025 2025 2025 Designated Funds Unrestricted Funds Restricted Funds Total Funds (Note 12) £ £ £ - - 522,231 522,231 - 22,751 66,594 89,345 - 567 - 567 - 33,871 - 33,871
		- 57,189 588,825 646,014
		- (14,568) (600,935) (615,503)
		42,621 (12,110) 30,511 300,000 (285,747) (14,253) - - 493,314 240,556 733,870
		300,000 250,188 214,193 764,381

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities. The above Statement of Financial Activities includes all information as required to be disclosed by the Companies Act 2006. The Statement of Financial Activities includes all gains and losses recognised during the year.

The notes on pages 25 to 33 form an integral part of these financial statements.

FERMANAGH COMMUNITY TRANSPORT

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026

Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors: amounts
falling due within one
year
9
Cash at bank and in
hand
CREDITORS
Amounts falling due
within one year
10
NET CURRENT
ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
FUNDS
11
Designated Funds
Unrestricted funds
Restricted funds

2026
2026
2026
2026
Designated
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
£
-
120,963
148,197
269,160
-
45,168-
9,457
54,625
300,000
160,035
32,387
492,422
300,000
205,203
41,844
547,047
-
(42,043)
-
(42,043)
300,000
163,160
41,844
505,004
300,000
284,123
190,041
774,164
300,000
-
-
300,000
-
284,123
-
258,018
-
-
190,041
216,146
300,000
284,123
190,041
774,164

The financial statements were approved by the Board of Trustees and authorised for issue on 23 June 2026 and were signed on its behalf by:

_______ Catherine Magowan Trustee

FERMANAGH COMMUNITY TRANSPORT

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026

Notes Cash flows from operating activities: Cash generated from operations 1 Net cash provided by/ (used in) operating activities Cash flows from investing activities Proceeds from the sale of property, plant and equipment Purchase of tangible fixed assets 2 Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	2026 £ 20,738 20,738 22,800 (113,948) (91,148) (70,410) 562,832 492,422	2025 £ 142,311
		142,311
		36,001 (152,643)
		(116,642)
		25,669 537,163
		562,832

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2026

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges (Profit)/loss on disposal of fixed assets Decrease / (increase) in debtors (Decrease) / increase in creditors Net cash provided by/(used in) operations	2026 £ 9,783 90,575 (18,498) (6,490) (54,632) 20,738	2025 £ 30,511 82,301 (33,871) 30,984 32,386 142,311

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash – cash at bank and in hand Opening balance Cash flow Closing balance	2026 £ 562,832 (70,410) 492,422	2025 £ 537,163 25,669 562,832

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland, registered as a charity in Northern Ireland. The address of the registered office is 42 Enniskillen Business Centre, Lackaghboy Industrial Estate, Enniskillen, Co. Fermanagh, BT74 4RL.

2. ACCOUNTING POLICIES

Basis of preparing the financial 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 Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:

Income from donations and grants is recognised when there is evidence of entitlement to the gift, 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 value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic 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 costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
Other expenditure 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 a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

2. ACCOUNTING POLICIES - continued

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and that the grants will be received.

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried 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 recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 25% reducing balance Fixtures & Fittings - 40% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-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 impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Taxation

The charity is exempt from Corporation Tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

2. ACCOUNTING POLICIES - continued

Designated Fund

The Trustees have concluded that there is a requirement for three Designated Reserves as per previous years. A Reserve for capital purchasing of buses, a Reserve for calculated closing down costs in the event of a winding up of the organisation 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 outlined in the Going Concern note below.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going Concern

The financial statements are prepared on a going concern basis, which assumes the charity will be in operational existence for a period of at least 12 months from the date the accounts have been signed. The charity generated a total surplus of £9,783 (2025: surplus £30,511) after: capital funding of £ nil (2025: £71,955), depreciation of £90,575 (2025: £82,301), gain on disposal of fixed assets £18,498 (2025: £33,871).

At the date of signing these financial statements, the charity’s trustees remain confident that sufficient funding can be secured from its funders and that the charity has sufficient reserves to discharge all its liabilities as they fall due. However, the ability of the charity to continue as a going concern is dependent on such funding being made available and the directors have prepared the financial statements on the going concern basis, on the assumption such funding will be received.

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

3. INCOME AND ENDOWMENTS

Notes Donations and Legacies Disability Action Transport Scheme Assisted Rural Transport Scheme DfI Rural Transport Fund Scheme Motability capital grant Motability revenue funding Income from Charitable Activities DATS fares DfI Dial a Lift fares Motability fares MIDAS training fees Group bookings Other income Other Trading Activities Membership Other income Gain on the disposal of fixed assets	2026 2026 2026 2026 Designated Funds Unrestricted Funds Restricted Funds Total Funds - - 37,915 37,915 - - 98,569 98,569 - - 423,702 423,702 - - - - - - 55,091 55,091 - - 615,277 615,277 - - 4,082 4,082 - - 58,118 58,118 - - 14,995 14,995 - - - - - 24,899 - 24,899 - 249 - 249 - 25,148 77,195 102,343 - 617 - 617 - 617 - 617 - 18,498 - 18,498 - 18,498 - 18,498 - 44,263 692,472 736,735	2025 2025 2025 2025 Designated Funds Unrestricted Funds Restricted Funds Total Funds - - 32,060 32,060 - - 88,157 88,157 - - 324,319 324,319 - - 71,955 71,955 - - 5,740 5,740
		- - 522,231 522,231
		- - 3,236 3,236 - - 53,591 53,591 - - 9,767 9,767 - 1,050 - 1,050 - 20,282 - 20,282 - 1,419 - 1,419
		- 22,751 66,594 89,345
		- 567 - 567
		- 567 - 567
		- 33,871 - 33,871
		- 33,871 - 33,871
		- 57,189 588,825 646,014

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

4. EXPENDITURE

Notes Direct Costs Salaries Social Security Pensions Training Vehicle expenses Depreciation Support Costs Management Rent and room hire Insurance Heat, light and power Telephone and mobiles Postage and stationery Advertising Sundries Repairs and maintenance Professional fees Bad debts Finance Bank charges Information Technology Computer and IT expenses	2026 2026 2026 2026 Designated Funds Unrestricted Funds Restricted Funds Total Funds - - 315,342 315,342 - - 35,936 35,936 - - 15,331 15,331 - - 2,715 2,715 - - 206,916 206,916 - 10,328 80,247 90,575 - 10,328 656,487 666,815 - - 11,570 11,570 - - 2,231 2,231 - - 8,040 8,040 - - 4,276 4,276 - - 1,754 1,754 - - 1,738 1,738 - - 7,284 7,284 - - 1,780 1,780 - - 7,877 7,877 - - 917 917 - - 47,467 47,467 - - 1,282 1,282 11,388 11,388 - 10,328 716,624 726,952	2025 2025 2025 2025 Designated Funds Unrestricted Funds Restricted Funds Total Funds - - 282,734 282,734 - - 17,677 17,677 - - 13,731 13,731 - - 3,686 3,686 - - 159,830 159,830 - 14,568 67,733 82,301
		- 14,568 545,391 559,959
		- - 11,267 11,267 - - 1,795 1,795 - - 7,451 7,451 - - 3,958 3,958 - - 2,333 2,333 - - 2,487 2,487 - - 5,291 5,291 - - 1,101 1,101 - - 7,734 7,734 - - 687 687
		- - 44,104 44,104
		- - 1,172 1,172
		- - 10,268 10,268
		- 14,568 600,935 615,503

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditor’s fees Depreciation - owned assets (Gain)/loss on disposal of fixed assets	2026 2025 £ £ 4,048 4,048 90,575 82,301 (11,388) (33,871)

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

Trustees’ expenses of £Nil were paid for the year ended 31 March 2026, (2025 - £Nil).

7. STAFF COSTS

Salaries and wages Social Security costs Other pension costs The average monthly number of employees during the year was: Full time Part time Casual No employees received emoluments in excess of £60,000.	2026 £ 315,342 35,936 15,331 366,609 8 4 3 15	2025 £ 282,734 17,677 13,731
		314,142
		8 4 3
		15

8. TANGIBLE FIXED ASSETS

Fixtures Plant and and machinery fittings Totals £ £ £ 598,000 25,809 623,809 104,419 9,529 113,948 (49,173) - (49,173)	Fixtures Plant and and machinery fittings Totals £ £ £ 598,000 25,809 623,809 104,419 9,529 113,948 (49,173) - (49,173)	Fixtures Plant and and machinery fittings Totals £ £ £ 598,000 25,809 623,809 104,419 9,529 113,948 (49,173) - (49,173)	Fixtures Plant and and machinery fittings Totals £ £ £ 598,000 25,809 623,809 104,419 9,529 113,948 (49,173) - (49,173)
653,246		35,338	688,584
353,473 20,247 373,720 86,161 4,414 90,575 (44,871) - (44,871)
394,76	3 24,661		419,424
258,483 10,677 269,160
244,527 5,562 250,089

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors VAT Prepayments and accrued income 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income	2026 £ 27,749 11,967 14,909 54,625 2026 £ 18,128 7,211 2,931 13,773 42,043	2025 £ 28,558 6,246 13,331 48,135 2025 £ 21,950 5,517 3,474 65,734 96,675

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

11. MOVEMENT IN FUNDS

	At 1 April	Net	Transfers At	31	March	At 1 April	Net	Transfers	Transfers	At 31 March
	2025	movement in	between 2026			2025	movement in between			2025
		funds	funds				funds	funds
	£	£	£		£		£	£	£	£
Unrestricted funds
General fund	250,188	33,935	-	284,123		493,314		42,621 (285,747)		250,188
Restricted funds
DFI Rural Transport Fund	79,277	9,577	-	88,854		82,393		(3,116)	-	79,277
DFI Capital Grant	-	-	-		-	14,253		- (14,253)		-
Motability	134,916	(33,729)	-	101,187		143,910		(8,994)	-	134,916
Designated funds	300,000	-	-	300,000			-	- 300,000		300,000
TOTAL FUNDS	764,381	9,783	-	774,164		733,870		30,511	-	764,381
Net movement in funds, included in the above are		as follows:
		2026	2026			2026	2025	2025		2025
		Incoming	Resources	Movement in			Incoming	Resources	Movement in
		resources	expended			funds	resources	expended		funds
		£	£			£	£	£		£
Unrestricted funds
General fund		44,263	(10,328)		33,935		57,189	(14,568)		42,621
Restricted funds
DfI Rural Transport Fund		423,702	(414,125)			9,577	324,319	(327,435)		(3,116)
Assisted Rural Transport Scheme		98,569	(98,569)			-	88,157	(88,157)		-
Disability Action Transport Scheme, incl fares		41,997	(41,997)			-	35,296	(35,296)		-
Motability, incl fares		70,086	(103,815)		(33,729)		87,462	(96,456)		(8,994)
Dial a Lift		58,118	(58,118)				53,591	(53,591)		-
		692,472	(716,624)		(24,152)		588,825	(600,935)		(12,110)
TOTAL FUNDS		736,735	(726,952)			9,783	646,014	(615,503)		30,511

FERMANAGH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2026

12. EMPLOYEE BENEFIT OBLIGATIONS

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £15,331 (2025: £13,731).

RELATED PARTY DISCLOSURES

13.

There were no related party transactions for the year ended 31 March 2026.

14. DfI RURAL TRANSPORT FUND GRANT

The Department for Infrastructure Rural Transport Fund grant has been used solely for the purposes intended and in accordance with the terms and conditions of the grant.