1.3AthrSknL toAn n4> $59 Jjrtl, W. elAII ThpQw 7.th90Z4 AN AAB GROUP COMPANY T.IX691thJ ¢)?1F5 MOJ8WB3fl 02926 FPMlii18.C I IIFOLfftAABIOM Newry & Mourne Community Transport (a company limited by guarantee) Directors. report and Financial Statements For year ended 31 March 2023 Compafty Number. N1066215 AWARD WINNING ADVICE... CHAr+rEkE PPII I£C(XJP4TANfsuMIFEb.ANMGAOUP caMPA Reg Ik. 110228 1 VATfg.'681UF4JDty I IE&5>8.'f FC PtheJpWsFfA.M&thX¢iwhth¥C4C ¥o*i
NEWRY & MOURNE COMMUNIIY TRANSPORT (company limited by guarantee) Dlr•rtors' Report and Flmncial Stst•m•nt Foryear ended 31 March 2023 Contents Information Page Directors, (frustees.) Report Independent Auditorfs Report to the members ststement of Flnancial Artivitie5 Balance Sheet Notes to the Financial Statements 8-11 12 13 14-18
NEWRY & MOURNE COMMUNITY TMNSPORT (company limited by guarantee) Infornmtlon Dlre¢to Billy Davis (Cha(rper50n) Ri¢hard Forsythe (Vice Chairperson) Raymond Jackson (freasurer) Brian Quinn (Deceased) Denise McLoughlin Robert Datzell- Appointed 27 June 2022 S•¢r•t•ry Brian Groves Compny Numb•r N1066215 Charkty Numb•r NIC102689 R•glt•r•d Offic• Unlt 14 ITEC Business Park 52 Armagh Road Newry BT35 6DN R•glrt•r•d Audlton FPM Accountants Limited Dromalane Mill The Quays Newry Co Down BT35 8QS Bank•rs Bank of Ireland Trevor Hill Newry Co Down 8T34 IDN
NEWRY & MOURNE COMMUNITY TRANSPORT (company limited by guarantee) DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The d1CtorS under the provsions 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 provislons 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 Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 [effective l January 20191 (Charities SORP (FRS 102)) and Charities Act (Northern Ireland) 2008 in preparing the annual report and flnanctsi ststements of the charity. Prlndp•l Artlvltl•J Newry & Moume Communlty Transport Is a not-for-profit Community Transport OTganisation. Its primary functions are to provide Group Hire services to forMaY constituted community groups and voiuntsry organisations and accessible Door-to-Door seryices to individuals. Newry & Mourne Community Transport area of benefit is the rural electoral wards of Newry. Moume & Down District Council Area. Rolff•nc• and Admlnbtrallv• Inlorm•tlon Dlr•rtors 81lly Davls (Chairperson) Richard Forsythe (ye Chalrperson) Raymond Jackson (freasurer) Uri8n Quinn (Oeceased) Oenise McLoughlin Robert Dalzell- Appointed 27 June 2022 Company S•¢ret•ry Brlan Groves Structure. Manag•m•nt and Gov•mance Newry & Mourne Community Transport is a company lunited by guarantee and does not have a share capital. It Is govemed by a memorandum and articles of association and the liability of each member is limited to an amount not exceedlng £1. Newry & Mourne Community Transport has an inductlon programme for new directOf5 a5 part of which they are advised of thew legal responslbility, main duties and roles. The diCtorS have ultimate legal and financial responsibllity for the affairs of Newry & Mourne Community Tfansport, although the management of the organisatlon is undertaken by the Project Offlcer and Adml$tratiOn AS$tant who report to the Board of Directors at regular meetings. The directors meet on monthly or bl-monthly basis. The dlrectors of the company at 31 March 2023, all of whom have been dirertors for the whole of the period ended on that date, unless otherwise stated, are listed on the information page.
NEWRY & MOURNE COMMUNITY TAANSPORT (company limited by guarantee) DIRECTORS. REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Rtsk The directors have actively rLwiewed the major risks which the charity faces and believes that the charity has SuffiCnt resources in the event of adverse conditions. The directors have also examined other buslness and operational rtsks. which the charity faces and confirm that it has established systems to mitigate signiftcant risks. Objertives and A¢tlvttl•s The objective5 of Newry & Mourne Community Transport are to." Encourage volunteering through its Dial a Lift and group hire policy where membets of that group may undertake MIDAS training to drive vehicle5 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 voiuntsers are available. ErKleavourto nurture and develop strong partnerships with other local transport providers from the community, voluntary, private, statutory and Local govemment sectors. Working in collaboration with the Southern Area Partnerships Armagh Rural Transport and Down Annagh Rural Transport to detiver the Dial a Lift ServÉce for the registered member% Focus on unemployment and trainlng. we will market our selvkces at those seeking training or employment opportunitiÈs. Newry City is a natural hub for employment and tra(ning and we will endeavour to identify those individuals and group5 from the njral areas who require assistance in attending educational centres and places of employmer,t. GÈve priority to groUp5[diVIdUal5 tnvolved in cross community activtty and wlK)se aims are to build bridges between different faith communities and ethnic and cultural backgrounds. Address social exduston in the rural areas of Newry, Mourne & Down D(strict Council Area by provtding a Dial a Lift transport service for people with reduced mobitity. who are ruraLiy isolated and/or those who are affected by povety. Provide transportation Se[ceS to ¢ndtviduais and groups who are based or live In a rural area of Newry, Mourne & Down District Council Area. Eltgible groups oi individuats must be basednive outsÉde the urban area as defined by the DFI Urban Disability Art(on Transport SeNice and the activittes must fau within the following cate9ories'. la) Education (b) Employment Ic) Recreation (d) Religious (e) Tratning (D Other activities of benefit.
NEWRY & MOURNE COMMUNITY ThANSPORT (company limited by guaranteel DIRECTORS. REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 FLMndal Revi•w The linancial statements are presented in the standard forrnat requwed by the Ststement of Recommended Practice"Accounting and Reporting by Charities.: Statement of Recommended Practice applicable to charities PTeparing these accounts Ln accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) and cover the actLVLtS of Newry & Mourne Community Transport. The ststement of financial activities ISOFA) shows the gross income frorn all sources and the split of artLVities between restricted and unrestricted funds. Newry & Moume Community Transport works in connectton with Armagh Rural Transport and Down Armagh Rural Transport regarding delivery of RTF services in the southern area. Ov•rvi•w of P•rforman¢• For the year ended 31 March 2023 Newry & Mourne Community Transport has a deflt of £28,750 compared to a surplus of £148,238 in 31 March 2022. In¢omlng R••ourc•s Total Incoming resources for the year ended 31 March 2023 were £428,132 (2022; £331,543). R•Jorv•s Pollcy Newry & Moume Community Transport INMCT) aim to promde safe, accessible, responslve Bnd affordable transport to members of the wral community thereby reducing rural isolation and enhancing ess to basic ser4*iS for those that do not have reasonable access to publlc transport or to a car or a family member, relative or friend that has access to a car. To trade and deliver services, employ staff, rent premises. purchase I hire I lease vehtcies and equipmen< purchase goods and services- NMCT must ensure that it ha5 sufficlent resources, Even when an organisation operates in the most stsbLe of environments where future income streams and expenditure requirements can be identifLed there will remain an element of uncertainty as to the absolute timing of each individual transaction and also the possibility that unforeseen expenses and lbilitieS WLU emerge. Against this background it is considered good practice to seek to build some financial reseNe5 which will allow us to meet future commitments or unforeseen expenses wlthout a negative impact on our ability to deliver our 5ervice5 or develop our business in the manner planned.
NEWRY 8E MOURNE COMMUNITY TRANSPORT (company limtted by guarantee) DIRECTORS. REpoirr CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 By holding reseryes we are able to.. l. Absorb setbacks and take advantsge of change and opportunity, 2. Demonstrate that we have thought through how we mÉght secure our viability beyond the immediate future and prov(de reliable services over the longer term," 3. Demonstrate to potential funders that we are effectively managÉng our resources, and have given consideration to our long-term plans and viability. There is no absolute level of free reserves that we as an organisation shou hold but when Looking at the level of free reserves consideration shoutd indude: l. How secure is our present fundlng. 2. How long would it take to find alternattve sources of funding. 3. If the Drganisatlon had to close, how Long would it take to wind up in an orderty manner7 4. What costs could be involved in winding up?_ consider. a. Redundancy costs b. Other staffing liabiitties including maternity / patemlty pay Legal and accountancy costs d. Time to expiry of lease on propety, vehicles and offKe equkpment. As a general guide an acceptable level of free reseThe might be constdered to be.. I, Sufficient free reserves to provide cover for between 3- 6 months in relation to know l(abiiitie4 and 2. A smaller addltional provision of fe re5eNes for unforeseen liabilitie& N&MCT reserves poticy shoutd be reviewed every 3 years and upd4ted at the end of each financial year to tske account of any change in circumstance and to recalculate the percentsge free reserve based on the 31 March balance. Newry & Mourne CommunLty Transport had £241,239 reserves at 31 March 2023. £126,563 of which were free reserves. •l•nce Shaet At 31 March 2023 the cash posttion of Newry & Moume Community Transport showed cash in bank and in hand of £124,268. Grants The directors are satirfted that the RTF and ARTS grant has been used solely for the purposes intended and in accordance with the temis and condition5 of grant.
NEWRY a¢ MOURNE COMMUNITY TRANSPORT (company limited by 9uarantee) DIREcfoRS' REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Plans for Futur• Periods The values and vision for the future for Newry & Mourne Community Transport are to strive to deliver: (a) A¢ce$slbUIty A Service available to people wtth a range of disabilities andlor limited mobility, (b) Voiunteertng Encourage volunteering and active citizenship through provision of group hlre vehicle5 on a 'without driverf basis and by promoting a Community Car Scheme. Ic) Equality Membership is open to everyone regardless of age. face, and ethnictty, regiOuS or politicaL beiiets. (d) Sodal In¢lu51on Target individualslgroups living in marginaLtted circumstsnces and geographicaiiy depriVeOi3ted areas regardless of age, ethnicity, faith, gender etc (e) Target Social Need at inoquality Endeavour to provide transport to facditate training and employment opportunities we will target areas of deprivation with onus on health, education and housing, (f) Comnwnlty Cohesion Promots interartivity between different faith/cultural communities. (g) Partnorship Ensure that we complement the work of other agencies involved in the development of rural communities. (h) Par&cipatl Ensure that members, providers and users are involved in the development of the company. (Q Dignity & resprft We will ensure that all customers staff and volunteers are tated with dignity and respect Ststsment of directors respofisibUIti•s The dirertors are responsible for preparing the financial stotements in accordance with appltcable law and regulations. Company Law requires the directors, to prepare the financial statements for each fancial year. Under that law the director5 have elected to prepare the finanaal statements in accordance with United Kingdom Generally Accepted Accounting Practice (United KingdoTn Accountin9 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 defLat of the company for that year.
NEWRY & MOURNE COMMUNITY TRANSPORT (company Limited by guarantee) DIRECTORS. REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 In prepartng these financial ststements, the director5 are required to- Select SULtsble accounting policies and then apply them conslstentiy, Make judgements and estimated that are reasonable and prudent Prepare the flnancial statements on the going concem basb, tsnle55 tt ts Lnappropriate to presume that the company will continue in buslness. The directors are responsible for keeping proper accounting record5 whith dtsctose reasonable accuracy at any time the ftnancial POSLtion of the company and to enable them to ensure that the nanclal statements comply with the CompBnies Art 2006 and all Reguiatton$ to be construed as one wlth that Act Thty are abo respon51bte for safeguarding the assets of the compary and hence for tsking reasonable steps ft)r the preventlon and dete¢tt'on ¢tfraud and other irregular£t4es. Statement of disctosura of Inlomyation to audltOTS So far as the d1CtorS are aware: There is no relevant audit Informat(on (Information neèded by the companys aud¢tors in connectbn with prepar(ng the auditots, 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 Infomiation and to estsbiish that the companws auditors are aware of that Information. Audltors The auditor4 FPM Accountants Limited, have indicated thetr willingness to contÉnu8 in ofRce, and a resolution concern(ng their reappointment will bè prap05ed at the Annual General Meetin9. Spectsi provbions r¢latlttg to small con7panl• The above report has been prepared tsking advantage of the sm&iL companies exemption of Part 15 of the Companies Act 2006. On behalf of the board èrian Groves Company Secretary Date: 14 D9rnber 2023
WY'. Cen1thk, 5$ CoAAUITh BTIIGA Ks2NyF CoiNth.ts1361FS TgJIX1243 ToI817550 T.02816 kJ¥vthONkpAthp5 T•kD1690 FPMAfib.CDM I @FPMrtMF.COM AH AAB GROUP COMPANY NEWRY & MOURNE COMMUNITY TrANSPORT (A company Umlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NEWRY & MOURNE COMMUNITY TRANSPORT This report is made solely to the charitable company s members. as a body, in accordance with Chapter 3 of Part 16 of thè Companies Act 2006 and reguiatlons made under that Act. Our audit work has been undertaken $0 that we might state to the charity's trustees those matter5 we are requwed to State to them in an auditors, report and for no other purpose. To the fullest extent permitted by kaw, 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. Opinlon We have audited the financial staternents of Newry & Moume Community Transport for the year ended 31 March 2023 which comprise the Statement of Financ1 AdivLts, the Statement of Total Recognised Gains and Losses, the Balance Sheet, the Accounting Policies and the related notes. The financial reporting framework that has been applied in their preparation applicable law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)- In our opinion the financial 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 ACcoUntg Practice,. and have been prepared in accordance with the qUireMentS of the Companies Act 2006. Basis for opinlon 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 Én the Auditor's respons1bLties 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 betteve that the audit evidence we have obtained ts sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going conc•rn 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 financtal statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or condition5 that, individually or collectively, may cast signtftcant doubt on the CoMpanS ability to continue as going concern for a period of at least twelve months from when the fmancial statements are aUthOred for use. Our responsibilities and the responsibilities of the Direciors with respect to going concern are described in the relevant sections of this report. CHARTEREO AWARD WINNNG ADVICE... FPMAttOvMTANTSIIITB AflW$RQUPCOMPANY Reg..2 , valq..G 149949 1 EY283E21 FH F(A *IMxE# Ftt