Company Registration Number: N1066215
Charity Number: NIC102689
Newry and Mourne Community Transport
IA company limited by guarantse. not havlng a share capltal)
Annual Report and Audited Financial Statements
for the financial year ended 31 March 2024
Daly Park & Company Ltd
Charterted Accountants and Reglstered Auditors
4 Carnegie Street
Lurgan
BT66 6AS
Northern Ireland

Newry and Mourne Community Transport
IA company Ilmited by guarantee. not having a share capital)
CONTENTS
Page
Trustees, and Other Information
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Auditoff s Report
9- 11
Statement of Financial Activities
12
Balance Sheet
13
Notes to the Financial Statements
14-19

Newry and Mourne Community Transport
IA company limited by guarantee, not having a share capitsll
TRUSTEES, AND OTHER INFORMATION
Trustees
Robert Dalzell
William Davis
Raymond Jackson
Denise McLoughlin
Richard Forsythe (Resigned 5 January 2024)
Brian Quinn (Resigned 5 January 2024)
Company Secretary
Stephen Yeomans (Appointed 1 March 2024}
Brian Groves (Resigned 1 March 2024)
Charity Number in Northern Ireland
NIC102689
Company Registration Number
N1066215
Registered Office and Principal Address
Unit 14
ITEC Business Park
Newry
Down
BT34 1 DN
Northern Ireland
Auditors
Daly Park & Company Ltd
Charterted Accounlants and Registered Audilors
4 Camegie Street
Lurgan
BT66 6AS
Northern Ireland
Principal Bankers
Bank of Ireland
12 Trevor Hill
Newry
Co. Down
BT34 1 DN
Northem Ireland

Newry and Mourne Community Transport
IA company limitsd by guarantee, not having a share capital)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the
audited financial statements for the financial year ended 31 March 2024.
The financial statements are prepared in accordan￿ with the Companies Act 2006, FRS 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
The Trustees, Report contains the information required to be provided in the Trustees. Annual Report under the
Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the
purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the trustees of Newry and Mourne Community Transport present a summary of its purpose, governance,
activities. achievements and finances for the financial year 31 March 2024.
The charity is a regislered charity and hence the report and results are presented in a fomi which complies with the
requiremenls of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended
Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its
recommendations where relevant in these financial statements.
Mission, Objectives and Strategy
Objectives
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.
Endeavour to nurture and develop slrong partnerships with other local transport providers from the community.
voluntary, private, stalutory and local govemment sectors. Working in collaboration with the Southern Area
Partnerships Amagh Rural Transport and Down Armagh Rural Transport to deliver the Dial a Lift Service for the
registered members.
Focus on unemployment and training. we will market our services at those seekillg 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 groupsfindividuals 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 Servi￿ for people with reduced mobility, who are rurally isolated andlor 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 individuals must be basedilive outside the urban area as defined by the
DFI Urban Disability Action Transport SeThice and the activities must fall within the following categories=
(a) Education
(b) Employment
(c} Recreation
{d) Religious
(e) Training
(D Other activities of benefit.
Structure, Governance and Management
Structure
Newry & Mourne Cornmunity Transport is a company limited by guarantee and does not have a share capital. It is
governed by a memorandum and articles of associalion and the liability of each member is lirnited to an amount not
ex￿edIng £1.
Newry & Mourne Community Transport has an indudion programme for new directors as part of which they are
advised of their legal responsibility. main duties and roles.

Newry and Mourne Community Transport
{A company limited by guarantee, not having a share capital)
TRUSTEES, ANNUAL REPORT
for the financial year ended 31 March 2024
The directors have ultimate legal and financial responsibility for the affairs of Newry & Mourne Community Transport,
although the management of the organisalion is undertaken by the Project Officer and Administration Assistant who
report to the Board of Directors at regular meelings. The directors meet on monthly or bi-monthly basis.
The directors of Ihe company at 31 March 2023, all of whom have been directors for the whole of the period ended on
that date, unless otherwise staled, are listed on the information page.
Revlew of Activities, Achievements and Performance
In 202312024 Newry & Mourne Community Transport {NMCT) delivered the following DFI supported activities:
Dial-a-lift, door-to-door transport SeN1￿ for individuals living in rural areas.
The Assisted Rural Travel Scheme.
Dial-a-lift is a door-to-door transport seNice for individuals living in rural areas who are unable to or find it dtfficult to
use public transport. Dial a lift can be used to access local services such as.. GP I dinic appoinlmentsl Denlist or
Opticians, Shopping. Visiting family and friends and many other recreational activities.
DDAT are passionately aware of the need for a setvice for rural communities which fits be￿een Public Servi￿$ by
Translink and the Private sector (taxis and Coaches). For over 25 years, Community Transport has offered a variety
of transport solutions in Ihe South East of Nl including Dial a Lift, Group Hire and a social car scheme (staffed by
volunteers in their own vehicles). This effort is ongoing and the demand is as high as it everwas and NMCT cannot
meet all the demand on its resources.
In 2023124, uncertainty over sustainable funding created an air of pessimism among CT partnerships and members
who have come to rely on the lifeline of community transport. While individual membership reduced to 175. the
demand for trips remained slrong. 434/0 of the individual trips were made by people with a disability. NMCT has
achieved 7,920 Dial-a-lift Irips during the 2023124 financial year.
Group Hirelself Drive..
NMCT also provide affordable and accessible transport for our 27 member groups. In 202312024 we completed 800
group hire bookings which resulted in 8,435 group hire trips. 25 % of these trips were provided by volunteer drivers.
Our group membership has been most impacted by the detrimental impact that driver shortages is having across the
sector. and the loss of casual drivers who were able to cover evening and weekend Group hire bookings.
Volunteer Social Car Scheme:
We operate a Social Car Scheme (SCS) whereby suitably recruited and trained volunteers use their own cars under
the control of our staff. providing a safe. efficient, and affordable door-t(Fdoor service as an alternative for individuals
that do not have access to their own transport or that of friends and family, and who have difficulty accessing public
transport facilities. This form of transport provides a more flexible and accessible one-to-one alternative lo the minibus
in circumstances where time and specific destination are critical, as in such cases as Social Welfare and Health
related journeys when the driver may be required to wait and provide a return joumey.
In 2023124 we provided a totsl of 335 trips through the social car scheme. 260 of these were Dial-a-lift trips and 53
were Out ofArea trips.
Financlal Revlew
The results for the financial year are set out on page 12 and additional notes are provided showing income and
expenditure in greater detail.
Financial Results
At the end of the financial year the charity has assets of £207,899 (2023 - £246.011) and liabilities of £17,549 (2023 -
£4,774). The net assets of the charity have decreased by £(50,887).
Reserves Posltion and Policy
Introduction
Newry & Moume Community Transport {NMCT} aim to provide safe. accessible. responsive and affordable transport
to members of the rural community thereby reducing rural isolation and enhancing access to basic setvices 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.
Current Policy
To trade and deliver services. ernploy staff, rent premises, purchase I hire I lease vehicles and equipment, purchase
goods and services- NMCT must ensure that il has sufficient resources.

Newry and Mourne Community Transport
{A company Ilmlted by guaranteg. not havlng a share capital)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
Even when an organisation operates in the most stable of environments where future income streams and
expenditure requirements can be identified there will remain an element of Un￿rtaintY as to the absolute timing of
each individual transaction and also the possibility that unforeseen expenses and liabililies will emerge.
Against this background it is considered good practi￿ to seek lo build some financial reserves which will allow us to
meet future commitmenls or unforeseen expenses without a negative impact on our ability to deliver our services or
develop our business in the manner planned.
By holding reserves we are able to-.
l. Absorb setbacks and lake advantage of change and opportunity-.
Demonstrate that we have thought through how we might secure our viability beyond the immediate future and
provide reliable seNices over the longer term.,
3. Demonstrate to potential funders that we are effectively managing our resources. and have given consideration to
our long-term plans and viability.
There is no absolute level of free reseNes that we as an organisation should hold but when looking at the level of frèe
reserves wnsideration should include..
1. How secure is our present funding.
2. How long would it lake to find allemative sources of funding.
3. If the organisation had to close, how long would il take to wind up in an orderly mannerfl
4. What costs could be involved in winding up? _ consider:
a. Redundancy costs
b. Other staffing liabilities including maternity I paternity pay
c. 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..
1. Sufficient free resetves to provide cover for be￿een 3 - 6 months in relation to know liabilities-, and
2. A smaller additional provision of free reserves 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 whiGh were free
reseThes.
Principal Risks and Uncertainties
The directors have actively reviewed the major risks which the tharity faces and believes Ihat the charity has
sufficient resources in the event of adverse conditions. The directors have also examined other business and
operational risks. which the charily fa￿$ and confirm that it has established systems to mitigate significant risks.
The values and vision for the future for Newry & Mourne Community Transport are to strtve to deliver..
(a) AcKessibility
A service available to people with a range of disabilities andlor limited mobility-
(b) Volunteering
Encourage volunteering and active citizenship through provision of group hire vehicles on a "without drivel, basis and
by promoting a Community Car Scheme.
(c) Equality
Membership is open to everyone regardless of age. ra￿, and ethnicity. religious or political beliefs.
(d) Social Inclusion
Target individualslgroups living in marginalized circumslances and geographically deprivedlisolated areas regardless
of age, ethnicity. faith, gender etc.
(e) Target Social Need & Inequality
Endeavour to provide transport to facilitate training and employment opportunities we will target areas of deprivation

Newry and Mourne Community Transport
IA company limit9d by guarantee. not havlng a share capital)
TRUSTEES. ANNUAL REPORT
for Ihe financial year ended 31 March 2024
with onus on health, education and housing.
(fj Community Cohesion
Promote interactivity between different faithlcultural 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 Ihe company.
(i) Dignity & ￿spect
We will ensure that all customers, staff and volunteers are treated with dignity and respect.
Trustses
The truslees who served throughout the financial year. except as noted, were as follows..
Robert Dalzell
William Davis
Raymond Jackson
Denise McLoughlin
Richard Forsythe {Resigned 5 January 2024)
Brian Quinn (Resigned 5 January 2024)
In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re•election.
The secretaries who served during the financial year were..
Stephen Yeomans (Appointed 1 March 2024)
Brian Groves (Resigned 1 March 2024)
Compliance with Sector-wide Legislation and Standards
The charity engages pro-actively with legislalion, standards and codes which aré developed for the sedor. Newry and
Mourne Community Transport subscribes to and is compliant with the following:
The Companies Act 2006
The Charities SORP (FRS 102)
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.
The Auditors
Daly Park & Company Ltd, (Charterted Accountants). were appointed auditors by the trustees to fill the casual
vacancy and they have expressed their willingness to continue in office in accordance with the provisions of Section
485 of the Companies Act 2006.
Approved by the Board of Trustees on 24 June 2024 and signed on Its behalf by:
Denlse McLoughlin

Newry and Mourne Comrnunity Transport
IA company lirnited by guarantee. not havlng a share capltall
STATEMENT OF TRUSTEES, RESPONSIBILITIES
for the financial year ended 31 March 2024
The trustees. who are also directors of Newry and Mourne Community Transport for the purposes of company law.
are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that
law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Enliliesl. Under
company law the trustees musl not approve the financial statements unless they are satisfied that they 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 period.
In preparing these financial statements. the trustees are required to:
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charities SORP
make judgements and accounting estimates Ihal are reasonable and prudent.,
stale whether the financial statements have been prepared in arLordance with applicable accounting standards,
identify those standards, and note the effect and the reasons for any material departure from those standards.. and
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
As explained in note 3, slate whether the applicable in the UK and Republic of Ireland FRS 102 has been followed.,
The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the
charity's transactions and disclose with reasonable accuracy al any lime the financial position of the charity and
enable them to ensure that the financial statements comply with the Companies Act 2006 and. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
aeieciion OT rraua ana oiner irregularities.
In so far as the trustees are aware:
there is no relevant audit infomiation {infom)ation needed by the charity's auditor in connection with preparing the
auditor's report) of which the charity's auditor is unaware, and
the trustees have taken all the steps that Ihey oughl to have laken as trustees in order to make themselves aware
of any relevant audit information and to establish that the charity's auditor is aware of that information.
Approved by the Board of Trustees on 24 June 2024 and signed on its behalf by:
Denise M¢Loughlin

INDEPENDENT AUDITOR'S REPORT
to the Members of Newry and Mourne Community Transport
IA company Ilmited by guarantge. not having a share capitsl)
Report on the audit of the financial statements
Opinion
We have audited the charity financial statements of Newry and Moume Community Transport {'the charity,) for the
financial year ended 31 March 2024 which comprise the Slatement of Financial Activities (incorporating an Income
and Expenditure Account), the Balance Sheet and notes to the financial statements, including the summary ol
significant accounting policies sel out in note 2. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Stsndard and Accounting and
Reporting by Charities.- Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with FRS 102.
In our opinion. when reporting in accordance with a fair presentation framework the financial statements..
give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of ils deficit for the financial
year Ihen ended.,
have been properly prepared in accordance with United Kingdom Generally AC￿pted Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act
(Northern Ireland) 2008.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing {UKI (ISAS (UK)) and applicable law.
Our responsibilities under those slandards are further described in the Auditor's responsibilities for the audit of the
financial stalemenls section of our report. We are independent of the charity in accordance with ethical requirements
that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have
fulfilled our other ethical responsibililies in accordance with these requirements. We believe that the audit evidence
we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the tTUStees' use of the going concem basis of
accounting in the preparalion 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 Ihat. individually or collectively, may cast significant doubt on the charity's ability to continue as a going
con￿rn for a period of at least twelve months from the date when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other Infomiation
The other information comprises the infomialion included in the annual report other than the financial statements and
our Auditor's Report thereon. The trustees are responsible ft)r the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except lo the extent
otheNise explicitly stated in our report, we do not express any fom of assurance conclusion thereon.
Our responsibility is to read the other infomiation and, in doing so. consider whether the other infornation is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to delemiine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nolhing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
the information given in the Trustees, Annual Report for the financial year for which the financial slalement5 are
prepared is consislent with the financial statements- and
the Trustees, Annual Report has been prepared in accordance with applicable legal requiremenls.

INDEPENDENT AUDITOR'S REPORT
to the Members of Newry and Mourne Community Transport
{A company limited by guarantee, not havlng a share capital)
Matters on which we are required to report by exception
In the light of our knowledge and understanding of Ihe charity and its environment obtained in the course of the audit,
we have not identified malerial misstatements in the Trustees, Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to
you if. in our opinion..
adequate accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and rètums,. or
certain disclosures of trustees, remuneration specified by law are not made-, or
the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime
and take advantage of the small companies, exemption in preparing the Trustees, Annual Report.
Responsibilities of trustees for the financial staternents
As explained more fully in Ihe Statement of Trustees, Responsibilities set out on page 9, the trustees are responsible
for the preparation of the financial statemenls and for being satisfied that they give a true and fair view, and for such
internal control as they deteffnine is ne￿$sary to enable the preparation of financial statements that are free from
material misststement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity'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 management either intends lo liquidate the charity or to cease operations, or has no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are lo oblain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whether due to fraud or error, and to issue an Auditor's 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 delect a malerial misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if. individually or in Ihe aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.
I￿egUlarities, including fraud, are instances of non-compliance wilh laws and regulations. We design procedures in
line with our responsibilities, outlined above. to detect material misstalements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below-
Further infomjation regarding the scope of our responsibilities as auditor
As part of an audit in accordance wilh ISAS (UK), we exercise professional judgement and maintain professional
scepticism throughout the audit. We also=
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or e￿Or,
design and perform audit procedures responsive to those risks, and obtain audit eviden￿ 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 for one resulting from error, as fraud may involve collusion. forgery, intentional omissions,
misrepresentations, or the override of intemal control.
Obtain 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
charity's internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by trustees.
Conclude on the appropriateness of the trustees, 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 charity's ability to Gontinue as a going concern. If we conclude that a material Un￿rtaInty
exists, we are required to draw attention in our Auditorfs Report to the related disclosure5 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 Auditorfs Report. However, future events or condilions may cause the
charity to cease to continue as a going concern.
Evaluale 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.
10

INDEPENDENT AUDITOR'S REPORT
to the Members of Newry and Mourne Community Transport
IA company limited by guarantee, not havlng a share ¢apitsl}
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 deficiencies in intemal control that we identify
during our audit.
The purpose of our audit work and to whom we owe our responsibilities
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those
matters we are required to state to them in an auditor's report and for no other purpose. To Ihe fvllest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as
body, for our audit wor
for this report, or for the opinions we have formed.
PARK & COM
TD
rterted Accountants and Registered Auditors
4 Carnegie Street
Lurgan
BT66 6AS
Northern Ireland
24 June 2024
11

(4V4

Newry and Mourne Community Transport
(A company Ilmited by guarantee, not having a share capltsl)
Company Number: N1066215
BALANCE SHEET
as at 31 March 2024
2024
2023
Notes
Fixed Assets
Tangible assets
99,835
114,676
Current Assets
Debtors
Cash at bank and in hand
10
19,438
88,626
7,069
124,266
108,064
131,335
Creditors: Amounts falling due within one year
11
(17,549)
(4,774)
Net Current Assets
90,515
126,561
Total Assets less Current Llabilities
190,350
241,237
Funds
Dfi Restricted Funds
Designated funds (Unrestricted)
General fund (unrestricted)
87,172
99,835
90,515
154.065
Total funds
13
190,350
241,237
These financial slatements have been prepared in accordan￿ with the special provisions relating to srnall companies
within Part 15 of the Companies Act 2006.
The financial statements have been prepared in accordance with the provisions applicable to Gompanies subject to
the small companies, regime and in accordance with FRS 102 "The FinanGial Reporting Standard applicable in the UK
and Republic of Ireland" applying Section 1A of that Slandard.
Approved by the Board of Trustees and authorised for issue on 24 June 2024 and signed on its behalf by
Denise McLoughlin
The notes on pages 14 to 19 fom part of the financial statements
13

Newry and Mourne Community Transport
{A company Ilmited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
GENERAL INFORMATION
Newry and Mourne Community Transport is a company limiled by guarantee incorporaled in Northern Ireland.
The registered office ofthe charity is Unit 14, ITEC Business Park, Newry, Down, BT34 1DN, Northem Ireland
which is also Ihe principal pla￿ of business of the charity. The financial statements have been presented in
Pound (£) which is also the functional currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation lo the charity's financial statements.
Basis of preparation
The financial statements have been prepared under the historical cost convention, modified to include certain
items at fair value. The financial statements have been prepared in accordance with the Slatement of
Recommended Practice {SORP) "Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102",
applying Section 1A of that Standard.
As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the
Statement of Financial Activities and the Balance Sheet. Departures from the stsndard fomats are to comply
with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that
SORP.
Statement of compliance
The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on
the going concern basis and in accordance with the Statement of Recommended Practice {SORP}
"Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Slandard.
Fund accounting
The following are the categories of funds maintained:
Restricted funds
Restricted funds represent income received which can only be used for particular purposes, as specified by
the donors. Such purposes are within the overall objectives of the charity.
Unrestricted funds
Unrestricted funds consist of General and Designated funds.
General funds represent amounts which are expendable at the discretion of the board, in furtherance of the
objectives of the charily.
Designated funds comprise unrestricted funds that Ihe board has. at its discretion. set aside for particular
purposes. These designations have an adminislralive purpose only. and do not legally restrict the board's
discretion lo apply the fund.
Income
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally
entilled to the income, performance conditions attached to the item(s) of income have been met. the amounts
involved can be measured with sufficient reliability and it is probable that the income will be received by the
charity.
Income from charitable activities
Income from charitable activities indude income earned from the supply of services under contractual
arrangements and from perfomiance related grants which have conditions that specify the provision of
particular services to be provided by Ihe charity. Income from government and other co-funders is recognised
when the charity is legally entitled to the income because it is fulfilling the conditions contained in Ihe related
funding agreements. Where a grant is received in advance. its recognition is deferred and included in
creditors. Where entitlement occurs before income is received, it is accrued in debtors.
Grants from governments and other co-funders typically indude one of the following types of conditions-
Performance based conditions.. whereby the charity is Gontractually entitled to fvnding only to the extent that
the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a
14

continued
Newry and Mourne Community Transport
IA company limited by guarnntee, not having a share capitsl
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as
income.
-Time based conditions= whereby the charity is contractually enlilled to funding on the condition that it is
utilised in a particular period. In these cases the charity recognises the income to the extent it is ulilised within
the period specified in the agreement.
In the absence of such conditions, assuming that receipt is probable and the amount can be reliably
measured, grant income is recognised once the charity is notified of entitlement.
Grants received towards capital expenditure are credited to the Statement of Financial Activities when
received or receivable, whichever is earlier.
Expenditure
Expenditure is analysed belween costs of charitable activities and raising funds. The costs of each activty are
separately accurnulated and disclosed, and analysed according to their major components. Expenditure is
recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic
benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs
are Ihose functions that assist the work of the charity but cannot be attributed to one activity. Such costs are
all¢xated to activities in proportion to staff time spent or other suitable measure for each activity.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to
depreciation is calculated to write off Ihe original cost or valuation of tangible fixed assets. less their estimated
residual value, over their expected useful lives as follows..
Fixtures, fittings and equipment
Motor vehicles
15 /0 Straight line
25Q/o Straight line
Debtors
Deblors are recognised at the settlement amount due after any discount offered. Prepayments are valued at
the amount prepaid net of any trade discounts due. Income recognised by the charity from govemment
agencies and other COThfunders, but not yet re￿iVed at financial year end, is included in debtors.
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of
withdrawal.
Taxation and deferred taxation
No current or deferred laxation arises as the charity has been granted charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
Deferred tax is recognised in respect of all timing differen￿$ that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation to
pay more tax in the future. or a right to pay less tax in the future. Timing dIfferen￿S are temporary differences
between the charity's taxable income and its results as stated in the financial statements.
Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods
in which the timing differences are expected to reverse. based on tax rales and laws that have been enacted
or substanlively enacted by the balance sheet date.
GOING CONCERN
Al the date of approval of these financial statements, the charity has yet to receive formal confimation from
the Department of Infrastructure in relation to the 2024125 funding for the Rural Transport Fund and Assisted
Rural Travel Scheme. This funding amounted to £114.076 in the 2023124 financial year. In the interim period,
the charity is currently receiving monthly grants on a similar level to the fijnding provided for 2023124. The
trustees are confident that a formal letter of offer and agreement of the 2024125 funding package will be
agreed shortly. In Ihis interim period, the tnjstees are carefully managing cashflow and are in the pro￿5$ of
looking at other sources of income. Delays in the confirmation of these grant5 ha5 been the norm in recent
years. The trustees continue to prepare the financial statements on a going concern basis.
15

continued
Newry and Mourne Community Transport
IA company limited by guarantse. not havlng a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
4. INCOME
Unreslricled
other
DFI
Reslricted Restricted
2024Total 2023 Total
Voluntary Income
DFI Rural Transport Fund
Assiste(i Rural Travel Scheme
89,359
22.086
89,35g
22.086
285,262
78,212
2,060
32,895
398,42g
DFI Capital
Disability Action Transport Scheme
44,180
44,180
44,180
155,625
111.445
Aclivities for Gen Funds
Dial a Lift
7,410
7,410
g62
6,205
2,234
8,43g
DATS Fare income
962
962
7,410
8.372
Other Income
Transport Services
13,362
13,362
13,362
13,362
21,264
21.264
13,362
45,142
118,855
177,359
428,132
EXPENDITURE
Direct
Costs
Support
Costs
2024
2(
Expenditure on charitable activites
170,243
58,003
228.246
456,1
ANALYSIS OF SUPPORT COSTS
2024
2023
Depreciation
Audil fees
Bank Fees
General Expenses
53,325
1,667
261
2,750
42,085
1.000
286
4.741
58.003
48,115
NET INCOME
2024
2023
Net Income is statsd after charglngl{crediting):
Depreciation of tangible assets
Auditor's remuneration..
audit services
54,836
48.782
1.667
1,000
EMPLOYEES AND REMUNERATION
The staff costs comprise..
2024
2023
Wages and salaries
88,446
88,157
16

continued
Newry and Mourne Community Transport
IA company limited by guarantee. not having a share ¢apital}
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
TANGIBLE FIXED ASSETS
Fixtures,
fittings and
equipment
Motor
vehicles
Total
Cost
At 1 April 2023
Additions
Disposals
9,797
253.275
39,995
(16,995)
263,072
39.995
(16,995)
Al 31 March 2024
9.797
276,275
286,072
Depreciation
At 1 April 2023
Charge for the financial year
On disposals
8,286
1,511
140,110
53,325
(16,995)
148,396
54.836
(16.995)
Al 31 March 2024
9.797
176,440
186,237
Net book value
At 31 March 2024
99,835
99,835
At 31 March 2023
1,511
113.165
114,676
10.
DEBTORS
2024
2023
Other debtors
Taxation and social security costs
Prepayments and accrued income
2,631
4,070
15,368
4,438
19,438
7,069
11.
CREDITORS
Amounts falling due within one year
2024
2023
Taxation and social security costs
Accruals and deferred income
13,742
3,807
3,774
1,000
17,549
4,774
12.
RESERVES
2024
2023
At the beginning of the year
Deficit for the financial year
241.237
{50,8871
269,989
{28,752)
At Ihe end ofthe year
190,350
241,237
17

continued
Newry and Mourne Community Transport
IA company limited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
13.
FUNDS
13.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted Endowment
Funds
Funds
Total
Funds
At 1 April 2022
Movement during the financial year
135,331
18.734
133.246
(46,074)
269,989
(28,752)
At 31 March 2023
Movement during the financial year
154,065
36,285
87.172
(87,172)
241,237
(50,887)
At 31 March 2024
190,350
190,350
13.2 ANALYSIS OF MOVEMENTS ON FUNDS
13.2ANALYSIS OF FUNDS
Opening
Balance
Closing
Balance
Income Expenditure Transfers
l Restricted Funds
DFI Capital
DFI Rural Transport Funding
Assisted Rural Travel Scheme
87,172
87,172
89,359
22,086
7,410
8g,359
22,086
7,410
DAL Fare Income
87,172
118,855
118,855
87,172
Othèr Restricted Funds
Disability.4ction
DATS Fare Income
44,180
962
44,180
962
45,142
45,142
Unresrricted
Fixed Asset Fund
99,835
12,663
87,172
99,835
90,515
1go,350
General Fund
154.065
154,065
13.362
13,362
64,249
64,249
TOTAL
241,237
177,359
228,246
190,350
13.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
- charity use
Current
assets
Current
liabilities
Total
Unrestricted general funds
99,835
105,808
(15,293)
190,350
99,835
105,808
115.2931
190,350
18

continued
Newry and Mourne Community Transport
{A company limited by guaranteè. not having a share capitall
NOTES TO THE FINANCIAL STATEMENTS
for Ihe financial year ended 31 March 2024
14.
STATUS
The charity is a company limited by guarantee not having a share capital.
The liability of Ihe members is limited.
Every member of the company undertakes to contribute to the assels of the company in the event of its being
wound up while they are members, or within one financial year thereafter, for the payment of the debts and
liabilities of the company contracted before they ceased to be members. and the costs, charges and expenses
of winding up, and for the adjustment of the rights of the contributors among themselves, suth amount as may
be required, not exceeding £ 1.
15.
POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity Sin￿ the financial year-end.
16.
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.
17.
CONTINGENT LIABILITY
The company has obligations under standard grant letters of offer to 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.
TRUSTEE REMUNERATION
None of the Trustees received nor waived any remuneration for their services as Trustees in either the current
or previous financial year.
There were payments made to Trustees. which totaled £9.580. in respect of volunteer driver 5etvices they
provided to the organisation during the current financial year. These payments have been made due to
shortage of available volunteer drivers following covid and the Board are actively looking to reGruit new
volunteers to minimise these payments in future. Written agreements are in place.
19