Fpm 1-3ArtrStrttc Un*SB. FkngolBty. PirEp Dtom•lbne Ml
J14)rtNand Row. OungoThnon, CoTrione. BT716AP T02887750400 CoAnM 8n M&lbJskRd. I4ry, CoD(n, B135th Td.. 028))261 Co Dthlil,K32 NY57 CtsAth1 BT864FS T•L.0289083(OM 7d..02824 3131 Td:th 69135 r0th¥A0 AN AAB GROUP COMPANY FPMA A B.COM I INFO@FPM,; AB.COM Newry & Mourne Community Transport (a company limited by guarantee) Directors. report and Financial Statements For year ended 31 March 2023 Company Number: N1066215 AWARD WINNING ADVICE... 100 CHARTERED . ACCOVMtANTS IRÈiANI> FPM ACCOUNTAIITS LIFrn, ANA4B6ROUPCOMPANY Reo14)'. N1022968 1 VATRe9.'G81874499¥& 1 IE3283821 FH WINP4£ JrIER WINNa WINIIEH ToresatttmWKI, PthtyHartrft FCI, FCIFABRP, Fw941 M((thh FU. Gaiv Dl(fftÈyKa FaTrel KA, LcrtwyGrl FCCI, NkWeHawthinsFCA, m$VIlertsThFCC[A. jaMe&FInicA,$t0ffisryFCcth FPM(lllllLlthdWFpN1r1Il1nlElIlh4I )LLMivni.
NEWRY & MOURNE COMMUNITYTRANSPORT (company limited by guarantee) Dlrectors. Report and Flnanclal Statement For year ended 31 March 2023 Contents Information Page Directors, trrustees,) Report Independent Auditorfs Report to the members ststement of Financial Activities 8-11 12 Balance Sheet 13 Notes to the Financial Statements 14-18
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) Informatlon Billy Davis (Chairperson) Richard Forsythe (WLce Chairperson) Raymond Jackson (Treasurer) Brian Quinn (Deceased) Denise McLoughlin Robert Dalzell- Appointed 27 June 2022 Secretsry Brian Groves Company Number N1066215 Charlty Number NIC102689 Reglst•r•d Offlce Unit 14 ITEC Business Park 52 Armagh Road Newry BT35 6DN Reglstered Auditors FPM Accountants Limited DromaLane Mill The Quays Newry Co Down BT35 8QS Bankers Bank of Ireland Trevor Hill Newry Co Down BT34 IDN
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The directors under the provisions of the Companies Act 2006, submit their annual report and the audited financial statements for the year ended 31 March 2023. The directors have adopted the provisions of the Companies Act 2006, in accordance with 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 IFRS 1021 leffective l January 20191 (Charities SORP (FRS 102)) and Charities Act (Northern Ireland) 2008 in preparing the annual report and financial statements of the charity. Princlpal ActlvltLe5 Newry & Mourne Community Transport is a not-for-profit Community Transport organisation. Its primary functions are to provide Group Hire services to formally constituted community groups and voluntary OrganationS and accessible Door-to-Door services to individuals. Newry & Mourne Community Transport area of benefit is the rural electoral wards of Newry, Mourne & Down District Council Area. Reference and AdminlstratLve Information Dlrectors Billy Davis (Chairperson) Richard Forsythe (Vice Chairperson) Raymond Jackson (Treasurer) Brian Quinn (Deceased) Denise McLoughlin Robert DalzeLI- Appointed 27 June 2022 Company Secretsry Brian Groves Structure. Management and Governance Newry & Mourne Community Transport is a company limited by guarantee and does not have a share capitaL It is governed by a memorandum and articles of association and the liability of each member is limited to an amount not exceeding £1. Newry & Mourne Community Transport has an induction programme for new directors as part of which they are advised of their legal responsibility, main duties and roles. The directors have ultimate legal and financial responsibility for the affairs of Newry & Mourne Community Transport, although the management of the organisation is undertaken by the Project Officer and Administration Assistant who report to the Board of Directors at regular meetings. The directors meet on monthly or bi-monthly basis. The directors of the company at 31 March 2023, all of whom have been directors for the whole of the period ended on that date, unless otherwise stated, are listed on the information page.
NEWRY ac MOURNE COMMUNITYTRANSPORT (company limited by guarantee) DIRECTORS, REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Risk The directors have actively reviewed the major risks which the charity faces and believes that the charity has sufficient resources in the event of adverse conditions. The directors have also examined other business and operational risks, which the charity faces and confLrm that it ha5 established systems to mitigate signifLcant risks. Objedives and ActivitLes The objective5 of Newry & Mourne Community Transport are to: Encourage volunteering through its Dial a Lift and group hire policy where members of that group may undertake MIDAS training to drive vehicles on their group's behalf and also by the Dial a Lift Service funded by the Department for Infrastructure in areas of need and where voLunteers are available. Endeavourto nurture and develop strong partnerships with other localtransport providers from the community, voluntary, private, statutory and local government sectors. Working in collaboration with the Southern Area Partnerships Armagh Rural Transport and Down Annagh Rural Transport to deliver the Dial a Lift Service for the registered members. Focus on unemployment and training. we will market our seNices at those seeking training or employment opportunities. Newry City is a natural hub for employment and training and we will endeavour to identify those individuals and groups from the rural areas who require assistance in attending educational centres and places of employment. Give priority to groups/individuals involved in cross community activity and whose aims are to build bridges between different faith communities and ethnic and cultural backgrounds. Address social exclusion in the rural areas of Newry, Mourne & Down District Council Area by providing a Dial a Lift transport service for people with reduced mobility, who are ruraiiy isolated and/or those who are affected by povety. Provide transportation services to individuals and groups who are based or live in a rural area of Newry, Mourne & Down District Council Area. Eligible groups or indLVLduals must be based/live outside the urban area as defined by the DFI Urban Disability Action Transport Service and the activities must fall within the following categories.. (a) Education (b) Employment (c) Recreation (d) Religious (e) Training (n Other activities of benefit.
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) DIRECTORS. REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 F(nanclal Review The financial statements are presented in the standard fonnat required by the Statement of Recommended Practice "Accounting and Reporting by Charities": Statement of Recommended Practice applicable to charities preparing these accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and cover the activities of Newry & Mourne Community Transport. The statement of f(nancial activities (SOFA) shows the gross income from all sources and the split of activities beeen restricted and unrestricted funds. Newry & Moume Community Transport works in connertion with Armagh Rural Transport and Down Armagh Rural Transport regarding delivery of RTF seNices in the southern area. Overvlew of Performance For the year ended 31 March 2023 Newry & Mourne Community Transport has a deficit of £28,750 compared to a surplus of £148,238 in 31 March 2022. Incoming Resources Total incoming resources for the year ended 31 March 2023 were £428,132 (2022: £331,543). Reserves Pollcy Introduction Newry & Mourne Community Transport (NMCT) aim to provide safe, accessible, responsive and affordable transport to members of the rural communitythereby reducing rural isolation and enhancing access to basic services for those that do not have reasonable access to public transport or to a car or a family member, relative or friend that has access to a car. urrent Poli To trade and deliver services, employ staff, rent premises, purchase / hire / lease vehicles and equipmen( purchase goods and services- NMCT must ensure that it has sufficient resources. Even when an organLSation operates in the most stable of environments where future income streams and expenditure requirements can be identified there will remain an element of uncertainty as to the absolute timing of each individual transaction and also the possibility that unforeseen expenses and liabilities will emerge. Against this background it is considered good practice to seek to build some financial reserves which will allow us to meet future commitments or unforeseen expenses without a negative impact on our ability to deliver our servlces or develop our business in the manner planned.
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) DIREcfoRS' REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 By holding reseeS we are able to: l. Absorb setbacks and take advantage of change and opportunity,. 2. Demonstrate that we have thought through how we might secure our viability beyond the immediate future and provide reliable SeiceS over the longer term," 3. Demonstrate to potential funders that we are effectively managing our resources. and have given consideration to our long-temi plans and viability. There is no absolute level of free reserves that we as an organisation should hold but when looking at the Level of free reserves consideration should include: l. How secure is our present funding. 2. How long would it take to find alternative sources of funding. 3. If the organisation had to close, how long would it take to wind up in an orderly manner? 4. What costs could be involved in winding up?_ consider. Redundancy costs b. Other staffLng liabilities including maternity / paternity pay Legal and accountancy costs d. Time to expiry of lease on property, vehicles and office equipment. As a general guide an acceptable level of free reserve might be considered to be.. l. Sufficient free reserves to provide cover for between 3 - 6 months in relation to know liabilities,. and 2. A smaller additional provision of free reserrfes for unforeseen liabilities. N&MCT reserves policy should be reviewed every 3 years and updated at the end of each financial year to take account of any change in circumstance and to recalculate the percentage free reserve based on the 31 March balance. Newry & Mourne Community Transport had £241,239 reserves at 31 March 2023, £126,563 of which were free reSereS. Balance Sheet At 31 March 2023 the cash position of Newry & Mourne Community Transport showed cash in bank and in hand of £124,268. Grants The directors are satisfied that the RTF and ARTS grant has been used solely for the purposes intended and in accordance with the terms and conditions of grant.
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) DIRECTORS. REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Plans for Future Periods The values and vision for the future for Newry & Mourne Community Transport are to strive to deliver: (a) Accessibillty A service available to people with a range of disabilities and/or limited mobility. (b) Volunteering Encourage volunteering and active citizenship through provision of group hire vehicles on a 'wLthout driverf basis and by promoting a Community Car Scheme. (c) Equality Membership is open to everyone regardless of age, race, and ethnicity, religious or political beliets. (d) Soclal Inclusion Target individuals/groups ILVLng in marginalized circumstances and geographically deprived/isolated areas regardless of age, ethnicLty, faith, gender etc. (e) Taryet So¢ial Need & Inequality Endeavour to provide transport to faciLitate training and employment opportunities we will target areas of deprivation with onus on health, education and housing. (n Communlty Coheslon Promote 4nteractLVLty between different faith/cultural communities. (g) Partnership Ensure that we complement the work of other agencies involved in the development of rural communities. (h) Participation Ensure that members. providers and users are involved in the development of the company. (i) Dignity & respect We will ensure that all customers, staff and volunteers are treated with dignity and respect. ststement of directors responslbilities The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors, to prepare the financial ststements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the surpLus or deficit of the company for that year.
NEWRY & MOURNE COMMUNITYTRANSPORT (company limited by guarantee) DIRECTORS, REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 In preparing these fLnancial statements, the direciors are requlred to: Select SULtable accounting policies and then apply them consistentLy,' Make judgements and estimated that are reasonable and pruden( Prepare the financial statements on the going concern basls, unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records which dlsclose with reasonable accuracy at any time the flnancial POSLtion of the company and to enable them to ensure that the flnanclal statements comply witli the Companles Act 2006 and all Regulations to be construed as one wtth that Act, They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularit(es. Statement of dlsclosur• of informatlon to audLtors So far as the directors are aware.. There is no relevant audit information (information needed by the company's auditors in connection with preparing the auditors, report) of which the company's auditors are unaware,. and The directors have taken all the steps that they ought to have taken as directors In order to make themselves aware of any relevant audit informatton and to establish that the company's auditors are aware of that information. AudLtors The auditors, FPM Accountants Limited, have indicated their willingness to continue in offlce, and resolution concerning thelr reappointmént wtll be proposed at the Annual General Meeting. Speclal provlslons relating to small companles The above report has been prepared taking advantage of the small companies exemption of Part 15 of the Companies Act 2006. On behalf of the board U-Q3 . Brian Groves Company Secretary Date: 14 December 2023
Dun4or# wfird Houle, 30Nonhknnd ftow. Fpm 1.3ArthJrStr*A, ell&, CoAniikn. BTI FityalB Jynt55P cen11 Pai FlaskRd, ThpQw5. CotsJblln,K32 MY57 Co DoNn. BT358GS Td.. 028W)26t010 8Tr16AP Tèt02887750400 CoAntrin,BT364FS Tok0289)830WM Td:0289D243131 Td.. th 691350) AH AAB GROUP COMPANY FPMilil !,I.COM I INFO@FPMAf4B.COM NEWRY & MOURNE COMMUNITY TRANSPORT (A company iimlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NEWRY & MOURNE COMMUNITY TRANSPORT Th report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are requwed to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Oplnlon We have audited the financial statements of Newry & Mourne Community Transport for the year ended 31 March 2023 which comprise the Statement of Financial ActiV4ties, the Statement of Total Recognsed Gains and Losses, the Balance Sheet, the Accounting Policies and the related notes. The fLnancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the fLnanCl 5tatements- give a true and fair view of the company's affairs as at 31 March 2023 and of its deficit for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basLS for our opinion. Conclusions relatlng to going concern In auditing the financial statements we have concluded that the company's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the companls ability to continue as a going concern for a period of at least twelve months from when the financiaL statements are authorised for use. Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report. AWARD WINNING ADVICE... CHARTERED . ACCOUNfAN FPM P£COUNTANISiIP•TEU Af4M86RtyJPCOMPANY r4).. N1022968 1 VATRWJ.. GB W1444949 1 IE3283821 FH wItIPlER wIwNeH WINMtR WIIIN¥A K4. Se KoaUThJ KIFAOPP.F¢¥9dmLCMd(1 GmyPIF¢A W, Fiiroll F¢ILovnyfy4ntFCC NtLLotftMFCACT Ydr. 0)UnlIsE1 In UKdlandtyClredrNIse1nd
Fpm 1-3ArthuiStteeL Htsward HoLEe. Northland Pow, Dunllann. Ca T Ionp, DMne Mill. 8uslnEysPort CoAniNw4 BnffjA NttYTy. CtsD(wTh. C4 Dubkn. K32 CoAnts1l, B1364FS TEP0289o8al BT35 T 028X1261)KTr T4:028gD24 3131 Td..th69ts5rK) T4.. 02887750100 AM AAB GRDUP COMPANY FPMM AB.COM I IIFO@FPMAA B.COM NEWRY & MOURNE COMMUNITY TRANSPORT (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NEWRY 8£ MOURNE COMMUNITY TRANSPORT Other Information The Board of Directors are responsible for the other information. The other information comprises the information included in the annual report, other than the flnancial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otheNise explLCLtly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the fLnancial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of th other information. we are required to report that fact. We have nothing to report in thLS regard. Opinions on other matters In our opinion, based on the work undertaken in the course of our audit: the information given in the Directors, Report for the financial year for which the financial statements are prepared is conSLStent Wlth the financial statements; and the Directors, Report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors, Report. We have nothing to report in respect ofthe following matters wherethe InternationalAuditing Standards on Auditing (UK) requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received,. or the financial statements are not in agreement with the accounting records and returns,. or we have not received all the information and explanations we require for our audit. Responsibilities of Directors As explained more fully in the Directors, Report, the Directors, are responsible for the preparation of the financial statements and for being Satfied that they give a true and fair view, and for such internal control as the Directors, determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to close the company or to cease operations, or have no realistic alternative but to do so. AWARD WINNING ADVICE... i()0 CHARTERED . AeCOUNfAN IRÉLANL) FPhlAC¢WNTANTS LIMITEO,ANAIJGRoup¢orwiiY Reg ND". N1022968 1 VAT W'.GBW4499491 IE3283821FH T¢rwCryW FCA, PthtyHFAtyKA. FCI FABPP.Fi911 Mrc(kFCI. DigneyFCa PIP. Ml¢h4d F¥rOKA. FCCA. mi&11 Hain5FGI,Mékth¥TrkLeniMFCA CtA. jtho5PcA.5thth FCCI wINrteR WINFIÈA WINt4È11 FPMA(OwWAn1wryIIFIh¢ibrll%L1l{ljX1 L¥ilWIl Lil01rt1th*FP Soamas XI5edt0¥.1o5IknsfvFrI¢MknnéI In UK4bdCh¥knQdtsC0unU5 Irthd
Dum uthISQ RngalB Jthe55Pa an, M•1. Fpm 1-3Anhui5ttretL Bdl8SL ¢oAnlti Bn4 OmDneMyl TheQ x)NOrthts kn. tjngmr. CtsTyT4r, Th6AP Td.. 02887750100 MèlbJskRd, wltyynobbry, CoArA, 61364FS T•t028W3(th1 Cooublln. K32 57 Cts[n. 6T358C6 Tak02824•)l Iql..01890243131 T4.. th6913srN) AM AAB GROIIP COMPANY .COM I INFD@FPM,', li.COM NEWRY 81 MOURNE COMMUNITY TRANSPORT (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NEWRY & MOURNE COMMUNITY TRANSPORT Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from mateiial misstatement. whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, Lncluding fraud detailed below. Enquire of management, those charged with governance around the actual and potential litigation and claims; Enquire of entity Staff and CoMplnce functions to identify any instances of non-compliance with laws and regulations,. Reviewing financiaL statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of buSLness and reviewing accounting estimates for bias,. Enquire of any results from internal audit procedures for any indications of non-compliance. As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We atso: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than one resulting from error, as fraud may involve collusion, forgery, intentional omLSSLons, misrepresentations, or the override of internal control. Obtsin an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the companls internal control. Evaluate the appropriateness of the accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditorfs Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the company to cease to continue as a going concern. AWARD WINNING ADVICE CHARTERED ACCOUMFANTS IRf.LANI) FPhlAC¢OUNTANVJUMITED. ANIA8 GAOLIPC014PANY Reg l+).. N1022%8 1 VATReJ'GB1814499 1 E 3283821 FH WINHER WIMMÉII WIN14£A Tor0C&M11 F¢A,pHlrty FC 1jFCts FIBRP, Fewy1 m(ctyThk FC GiryDlYryFCIPP.Mkhq tsrol KC MKhe1*HawthSFcl, M4thykkLemun Fclct FCCI
Fpm 1-3ArthJi&reeL eÈML CokntrTh, BT14&1 51 NigalB Jthes5Poi Urlt1. 10, Poi MASk Rd, Dromb1thmI1 ThpQJ )nhbrd R(bW, LonnTr. Cts FyFoll4'. TyirAp Td..02887150qOO Co Dubkn. K32 80S Tol.. 02E %26th) kgislwEdOffiteAthhess Td:01890243131 T4..0169ts5 Tal.. 028908301 AN AAB GROUP COMPANY FPMIlAB.COM I INFO@FPMH,4B.COM NEWRY & MOURNE COMMUNITY TRANSPORT (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NEWRY & MOURNE COMMUNITYTRANSPORT Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underLying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant defLCLencies in internal control that we identify during our audit. Lij m,"GJ... Fearga for and on behalf of FPM Accountants Limited Chartered Accountsnts and Statutory Audltors Dromalane MilL The Quays, Newry, Co. Down. BT35 8QS enlor St 14 December 2023 AWARD WINNING ADVICE... CHARTERED ACCOUNTANTS IRELAND FPMXCWNTANISUIIIEI ANUBGROLIPCOMPANY l)." M022968 1 VATRwJ'.GB181449949 1 3283821 FH WIFINER WINMEA WIIiN£ Tere5thc•Th7 FCA, PWHBr¥ GwyO¥wKAPP, MKhdd F4irell KA. LEGlIntr¢cA. MhthelÈHd¥kn5FCl.klillylltlen1thFcI¢rA,
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) Statement of f(nanclal activities {includ(ng Income and expenditure account) For year ended 31 March 2023 DFI Other Unrestricted Restrlcted Restricted 2023 Mar Funds Funds Funds Total 2022 Mar Totsl Notes Incomlng and endowments from: Donations and Legacies Charitable ActLVLties (Generated Income) Other Total Incomlng resources 365.534 32,895 398.429 306.100 6,205 2.234 8,439 21,264 428.132 8,979 16,464 331.543 21,264 21.264 371.739 35.129 Resources Expended on: Charitable activitie5 Support costs Total resources expended 413,824 3,987 417.811 18,945 17,596 36,541 432,769 24,113 456.882 146.738 36,567 183.305 2,530 2.530 Net Incomlng (Outgolng) before trnnsfer Transfers to (Partner) Movement in designated capital reserve Gross transfers between funds Net movement In funds after transfers 18.734 46,072 1,412 28,750 148,238 18,734 46.072 (1,412) 28,750) 148.238 Total funds brought forward at l April 2022 Total fund carried fOard at 31 March 2023 135,331 133.246 269.989 121,751 154.065 87.174 241.239 269.989 The statement of financial activities includes all gains and losses recognised in the period All incoming resources and resources expended derive from continuing activities. 12
NEWRY& MOURNE COMMUNITYTRANSPORT (company Ilmited by guarantee) N1066215 Statement of financlal Posltlon At 31 March 2023 Not• 2023 2022 . Tangible Flxed Assets Tangible Fixed Assets 114,676 134,463 Current Assets Other Oebtor5 Cash at Bank and in Hand 7,069 124,268 131,337 20,173 124,259 144,432 Llab(Iltles faulng due w(thln one year 4,774 8,906 Net Current Assets 126,563 135,526 Net Asset$ 241,239 269,989 Funds Unrestricted Restricted 154,065 87,174 241,239 135,331 134,658 269,989 The notes on pages 14 to 18 form part of these accounts The financlal statements have been prepared in accordance with the provisions applicable to companie5 subject to the small companies, regime. I he fLnancial Statements on pages 12 to 18 were approved by the members and signed on their behalf by: Buly Davls Director & Chairperson Date: 14 D•c•mber 2023 13
NEWRY & MOURNE COMMUNITYTRANSPORT (company limited by guarantee) Notes to the Accounts For the year ended 31 March 2023 ACCOUNTING POLICIES Accountlng Convention The financial statements have been prepared under the historic c05t convention. The financial statements have been prepared in accordance with 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), applicable UK Accounting Standards, the Companies Act 2006 and Charities Act (Northern Ireland) 2008. The principal accounting polLCLes adopted in the preparation of the fLnancial statements are set out below. Newry and Mourne Community Transport meets the defwition of a public benefit under FRS 102. Ib. Incoming Resource5 Voluntary income including donations, gifts and legacies and grant that provide core funding are of a general nature a recognised where there is entitlement, probable of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when: l. The funder specifies that the 9rant or donation must only be used in future accounting periods; or 2. The funder has imposed conditions which must be met before the charity has unconditional entitlement. Other income is recognised as earned (as the related services are provided). Ic. Volunteers and donated servlces and facll(ties The value of senlices provided by volunteers is not incorporated into these financial statements. Id. Resource5 Expended Expenditure is recognised when a liability is Lncurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that result in the payment being unavoidable. l. Charitable actLVLties include expenditure associated with the provision of transport services and include both the direct costs and support costs relating to these actLVlties. 2. Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Fixed Assets and Depreciation The cost of fLxed assets is their purchase cost, together with any incidental expenses of acquisition. Depreciation L5 calculated to write off the cost of tsngible fixed assets over the expected useful economic life of the assets concerned on a reducing balance basis. The annual rates are: Fixtures, fitttngs and equipmentr 25% Straight Line Motor Vehicles.. 25% Straight Line. 14
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) Notes to the Accounts For the year ended 31 March 2023 If. Fund Accounting The organisation has different types of funds for which it responsible and which require separate disclosure. These area as follows.. Restricted funds Donations or grants received which are dedicated by the donor for specific purposes. Such purposes are within the overalL aim of the organisatLOn. Unrestricted Fund5 Funds which are expendable at the discretion of the directors in furtherance of the objects of the charity. In addition, funds may be held in order to finance capital investment and working capital. Accounts are prepared on a going concern basis. Crlti¢al Accountlng Estlmate5 and Judgements In the application of the charitys accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying of assets and liabilities but are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that considered to be relevant. Actual results may different from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revLSLons and future periods where the revision affects both current and future periods. Ig. Limited Liability Agreement The Executive Committee, on behalf of the company, have entered into a Limited Liability Agreement Wlth their auditors, dated 4 June 2009. The auditors. liability is limited to an amount which is considered fair and reasonable. Th ha5 been discLosed in line with companies legislatLOn. Ih. Dlrectors and Employees None of the directors received any remuneration during the period. 15
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) Notes to the Accounts For the year ended 31 March 2023 DONATIONS AND LEGACIES Unrestrlrted Funds DFI Restricted Funds Other Restrlcted Funds 2023 Mar Total 2022 Mar Total Rural Transport Funding Assisted Rural Travel Scheme (ARTS) Disability Action Transport Scheme (DATS) DFI Capital Funding Cdehicles/Leases) 285,262 78,212 285,262 78,212 83,950 18,838 32.895 32,895 34,971 2,060 2.060 168,341 365,534 32,895 398,429 306,100 CHARITABLE ACTIVITIES Unrestrlcted Funds DFI Rertrictsd Funds Other Restricted Funds 2023 Mar Total 2022 Mar Total DAL Generated Fares Income DATS Generated Fares Income 6,205 6,205 5,348 2,234 2,234 3,631 6,205 2,234 8,439 8,979 16
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) Notes to the Accounts For the year ended 31 March 2023 OTHER EXPENDITURE DFI DFI Other Other Restricted Restricted Restricted Restrlcted Unrestricted Unrestricted Total Support Costs Support Costs Support Costs DFI Grant ART/DAL Wages Rent & Rates Insurance Motor Expenses Repairs & Maintenance Motor Expenses Volunteer Expenses Telephone Offlce costs Equipment Repaws Stationery & Postage Sundry Costs Advertising Bank Charges Professional Fees Audit Fees DepcIatiOn Profit on Disposal 201,367 65,723 88,157 201,367 65,723 88,157 3,686 1,574 4,379 216 3,686 1,574 4.379 216 16,492 18,945 35,437 170 527 295 95 170 527 295 95 482 4,741 214 286 931 4,741 214 286 3,918 I,oc 6,697 48,782 4.167 -4.167 2,530 456,882 2,987 1,0 42,085 413,824 3,987 18,945 17.596 TANGIBLE FIXED ASSETS Motor Vehicles FF& Equlpment TOTAL Cost At l April 2022 Addition5 Disposals At 31 March 2023 256,230 28,995 (31,950) 253,275 9,797 266,027 28.995 131,950) 263.072 9,797 Accumulated Depreciation At l April 2022 Charge for Year Eliminated in Disposal At 31 March 2023 125,727 46,333 (31,950) 140,110 5,837 2,449 131,564 48,782 131,950) 148,396 8,286 Net Book Value at 31 March 2022 130,503 3.960 134.463 17
Net Book Value at 31 March 2023 113.165 1.511 NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) 114,676 Notes to the Accounts For the year ended 31 March 2023 DEBTORS 2023 2022 Other Debtors Prepayments 2,631 4,438 7.069 13,298 6,875 20.173 CREDITORS 2023 2022 Accruals Taxation 1,000 3,774 4.774 I,ooxJ 7,906 8.906 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted Restrlcted Funds Funds DFI Restricted Funds TotaL Funds 2023 Total Funds 2022 Fixed Assets Debtors Cash at bank Creditors < l Year 27,502 7,069 124,268 {4,774) 154,065 87.174 114,676 7,069 124,268 14,774) 241,239 134,463 20,173 124,259 (8,906) 269,989 87.174 LIABILITY OF MEMBERS Newry & Mourne Community Transport is company limited by guarantee and does not have a share capital. The liability of each member is limited to an amount not exceeding £1. io. CONTINGENT LIABILITIES The company has obligations under standard grant letters of offerto repay amounts received as grants. in the breach of or non compliance with the conditions of the agreement. At present the directors believe that all grant conditions have been complied with and no liabilities exist. 18