## **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. 21 ## **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** 22 ## **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| 23 ## **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| |---|---|---| 24 **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. 25 **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. 26 **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. 27 ## **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| 28 ## **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| 29 **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** |**COST**
At 1 April 2025
Additions
Disposals
At 31 March 2026
**DEPRECIATION**
At 1 April 2025
On Disposals
Charge for year
At 31 March 2026
**NET BOOK VALUE**
At 31 March 2026
At 31 March 2025|**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)|**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|||| 30 ## **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| |---|---|---| 31 ## **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| 32 **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. 33