Company Registration Number: N1066215 Charity Number: NIC102689 Newry and Mourne Community Transport IA Company limited by guarantse. not havlng a share capital) Annual Report and Audited Financial Statements for the financial year ended 31 March 2025 Daly Park & Company Ltd Chartered Accountants and Registered Auditor5 4 Carnegie Street Lurgan BT66 6AS Northern Ireland
Newry and Mourne Community Transport IA company limited by guarantee, not having a share capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Auditor'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 Ilmlted by guarantee, not having a share capltsl) TRUSTEES. AND OTHER INFORMATION Trustees Moira Brigid O'shea (Appoinled 8 November 2024) Robert Dalzell William Davis Raymond Jackson Denise McLoughlin (Resigned 8 November 2024) Brendan Curran (Appointed 2 October 2024) Billy Davis (Resigned 20 February 2025) Company Secretary Stephen Yeomans 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 Chartered Accountants and Registered Auditors 4 Carnegie Street Lurgan BT66 6AS Northern Ireland Principal Bankers Bank of Ireland 12 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland
Newry and Mourne Community Transport IA company limited by guarantge. not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 The trustees present their Trustees, Annual Report, combining the Directors, Report and Trustees, Report, and the audited financial stalements for the financial year ended 31 March 2025. 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 ststement of Recommended Practice (SORP) guidelines. The trustees of Ihe 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, govemance, activities, achievements and finances for the financial year 31 March 2025. The charity is a registered charity and hen the report and results are presented in a form which complies with the requiremenls of the Companies Acl 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. Principal Activity 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 organisalions 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. Mission, Objectives and Strategy Objectives Encourage volunteering through its Dial a Lift and group hire policywhere members ofthat group may undertake MIDAS training to drive vehicles on their group's behalf and also by the Dial a Lift seiCe funded by the Department for Infrastructure in areas of need and where volunteers are available. Endeavour lo nurture and develop strong partnerships with other local transport providers from the communty, voluntary. private. statutory and local government sectors. Working in collaboration with the Southern Area Partnerships Armagh 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 seeking training or employment opportunities. Newry City is a natural hub for employment and training, and we will endeavor to identtfy those individuals and groups from the rural areas who require assistance in attending educational centres and places of employment. Give priorily to groupslindividuals 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 Lifl transport service for people with reduced mobility, who are rurally isolated andlor those who are affected by poverty. Provide transportation ServIS 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 basedlive outside the urban area as defined by the DFI Urban Disability Action Transporl 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. Structure, Governance and Management structure Newry & Moume 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 lo an amount not exceeding £1.
Newry and Mourne Community Transport IA Company Ilmlted by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 Newry & Mourne Community Transport has an induction programme for new directors as part ofwhich 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 staled, are listed on the information page. Review of Actlvities, Achievements and Perforniance In 202412025 Newry & Mourne Community Transport (NMCT) delivered the following DFI supported aclivilies.. Dial-a-lift, door-to-door transport service for individuals living in njral areas. The Assisted Rural Travel Scheme. Dial-a-lift is a door-to-door transport SeiCe for individuals living in rural areas who are unable to or find it difficult to use public transport. Dial a lift can be used to access local servi$ such as.. GP I clinic appointmentsl Dentist or Opticians, Shopping, Visiting family and friends and many other recreational aclivities. NMCT are passionately aware of the need for a service for rural communities which fils beeen Public SeNices by Translink and the Private sector (taxis and Coaches). For over 25 years. Community Transport has offered a variety of transport solutions in the Southeast of Nl including Dial a Lift. Group Hire and a social car scheme (staffed by volunleers in their own vehicles). This effort is ongoing, and the demand is as high as it ever was and NMCT cannot meet all the demand on its resources. In 2024125. 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 has increased by 167, the demand for trips remained strong. 430/0 of the individual trips were made by people with a disability. NMCT has achieved 8191 Dial-a-lift trips during the 2024125 financial year. Group Hirelself Drive= NMCT also provide affordable and accessible transport for our 27 member groups. In 202412025 we completed 800 group hire bookings which resulted in 8.435 group hire trips. 250/0 of these trips were provided by volunteer drivers. Our group membership has been most impacted by the detrimental impact Ihat 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-to-door setvice as an alternalive 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-ti>one alternative to the minibus in circumstances where lime and specific destination are critical. as in such cases as Social Welfare and Health ielated journeys when the driver may be required to wait and provide a return journey. In 2024125 we provided a total of 1,405 Irips through Ihe social car scheme. 1,030 of these were Dial-a-lift trips and 280 were Out of Area trips. Financial Review The results for the financial year are set out on page 12 and additional notes are provided showing income and expenditure in greater detail. Financlal Results At the end of the financial year the charity has assets of £202,159 (2024 £207,899) and liabilities of £6.631 {2024 £17,549). The net assets of Ihe charity have increased by £5.178. Reserves Position and Policy Introduction Newry & Mourne Community Transport (NMCT) aim to provide safe, accessible, responsive and affordable transport lo
Newry and Mourne Community Transport IA company limited by guarantee, not having a Share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 members of the rural community thereby 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. Current Policy To Irade and deliver services, employ staff, rent premises, purchase I hire I lease vehicles and equipment, purchase goods and services - NMCT must ensure that it has sufficient resources. Even when an organisation operates in the most stable of environments where fulure 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 practi 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 lo deliver our services or develop our business in the manner planned. By holding reseNes we are able to.. 1. Absorb setbacks and take advantage of change and opportunity.. 2. Demonslrale Ihat we have thought through how we might secure our viability beyond the immediate future and provide reliable services 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 reserves that we as an organisation should hold but when looking al the level of free reserves consideration should include= 1. How secure is our present fvnding. 2. How long would it take to find alternative sources of fijnding. 3. If Ihe 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.. a. Redundancy costs b. Other staffing liabilities including maternity I paternity pay c. Legal and accountancy costs d. Time to expiry of lease on propety. vehicles and office equipment. As a general guide an acceptable level of free reserve might be considered to be.. 1. Sufficienl free reserves to provide cover for beeen 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 accounl of any change in circumstance and lo recalculate the percentage free reseNe based on the 31 March balance. Newry & Mourne Community Transport had £190,350 reserves at 31 March 2024. £90.515 ofwhich were free reserves. Principal Risks and Uncertainties 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 confirm that it has established systems to mitigate significant risks. The values and vision for the future for Newry & Mourne Community Transport are to strive to deliver.. (a) Accessibility A setvice 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 'IlhoUl driverf, 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.
Newry and Mourne Community Transport IA company limtted by guarantee, not having a Share capitsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 Id} Social Inclusion Target individualslgroups living in marginalized circumstances and geographically deprivedlisolated areas regardless of age, ethnicity, faith, gender elc. lel Target Social Need & Inequalty Endeavour to provide transport to facilitate training and employment opportunities we will largel areas of deprivation with onus on health, education and housing. lfj Community Cohesion Promote interactivity been different failhlcullural communities. {gl Partnership Ensure that we complement the work of other agencies involved in the development of rural communities. (h) Participation Ensure that members, proMders and users are involved in the development of the company. (il Dignity & respect We will ensure that all customers. staff and volunteers are treated with dignity and respect. Trustees The Iruslee$ who seTved throughout the financial year, except as noted, were as follows.. Moira Brigid O'shea IADpointed 8 November 20241 Robert Dalzell William Davis Raymond Jackson Denise McLoughlin (Resigned 8 November 20241 Brendan Curran (Appointed 2 Oetober 20241 Billy Davis (Resigned 20 February 20251 In accordance with the Conslitulion. the trustees retire by rolalion and being eligible, offer themselves for re-election. The secretary who seNed during the financial year was.. Stephen Yeomans Compliance wlth Sector-wide Legislation and Standards The eharity engage5 pro-actively with legislation. sland8rds and codes which are developed for the sector. Newry and Moume Community Transport subscribes lo and is compliant with the following.. The Companies Act 2006 The Charities SORP IFRS 1021 Grants The directors are satisfied that the RTF and ARTS grant has been usèd solely for the purposes intended and in accordance with the temis and condiliorts of grant. The Auditors Daly Park & Company Ltd, (Chartered Accounlantsl. were appointed auditors by the trustees lo 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 61LIIs and signed on its b9half by: William Davis Trustee
Newry and Mourne Community Transport IA company limited by guarantee, not having a share capitsll STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2025 The Iruslees, 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 Iruslees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting PTaclice (United Kingdom Accounting Standards and applicable lawl including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A {Small Entiliesl. Under company law the trustees must not appTove the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the company and of the surplus or deficit of the company for that period. In preparing these finaneial slalemenls, the trustees are required lo.. select suitable accounting policies and apply them consislentty.. obseNe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent.. slate whether the financial statements have been prepared in accordan with applicable accounting standard5, identify those standards, and note the effect and the Teasons for any material departure from those st8ndards- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. As explained in note 3. stste 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 disdose with reasonable accuracy al any time the financial position of the charity and enable them lo 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 detection of fraud and other irregularities. In $0 far as the trustees are aware.. there is no relevant audit infomialion linfomation needed by the eharity's auditor in wnneclion with preparing the audilorfs report) of which the charity's auditor is unaware. and the trustees have taken all the steps that they ought lo have taken as trustees in order lo make themselves awaTe of any relevant audit information and to estsblish that the charity's auditor is aware of that infomialion. Approved by the Board of Trustees on Llb125 and signed on Its behalf by: Wllliam Davis Trustee
INDEPENDENT AUDITOR'S REPORT to the Members of Newry and Mourne Community Transport IA company limited by guarant99, not havlng a share capitsl) Report on the audit of the financial statements Opinion We have audited the charity financial statements of Newry and Mourne Community Transport {'the charity,) for the financial year ended 31 March 2025 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and notes to the financial statements, including the summary of significant accounting policies set 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 Sedion 1A of Ihal Standard 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 2025 and of its surplus for the financial 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 and the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with Intemational 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 financial statements 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 Elhical 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 basis for our opinion. Conclusions relating to going Concern In auditing the financial slalements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriale. Based on the work we have performed, we have nol identified any material uncertainties relating to evenls or conditions that. individually or collectively. may cast significant doubt on the charily's ability to continue as a going conrn for a period of at least e1ve months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections of Ihis report. Other Information The other information comprises the information included in the annual report other than the financial statements and our Auditorfs Report thereon. The trustees are responsible for 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 otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or olhetwise appears lo be materially misstated. If we identify such material inconsistencies or apparenl material misstatements. we are required to determine 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 nothing to report in this regard. Opinion on other matter prescribed by the Companlos Act 2006 In our opinion. based on the work undertaken in the course of the audit.. Ihe information given in the Trustees, Annual Report for the financial year for which the financial statements are prepared is consistent wilh the financial statements., and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Newry and Mourne Community Transport IA company limited by guarantee, not having a share capitsll Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identrfied material 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 returns; or certain disclosures of Irustees, remuneration specified by law are not made., or the trustees were not entitled to 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 statements As explained more fully in the Statement of Trustees, Responsibilities set oul on page 9, the trustees are responsible for the preparation of Ihe financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is neSSary to enable the preparation of financial stalements that are free from material misstalement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to conlinue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless management either intends to liquidate the charity or to cease operations. or has no realistic alternative bul to do so. 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 material misstalement. whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assuran is a high level of assurance but is not a guarantee Ihal an audit conducted in accordance with ISAS {UKI will always detect a material misstatement when it exisls. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence Ihe economic decisions of users taken on the basis of these financial statements. Irregularilies, including fraud. are instances of non-complian 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, including fraud is detailed below= Further information regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintsin professional scepticism throughout the audit. We also.. 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 thal is sufficient and appropiiate to provide a basis for our opinion. The risk of not detecting a material misstatement resulling from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery. intentional omissions, misrepresentalions. or the override of internal control. Obtain an understanding of internal control relevanl 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 intemal 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 concem 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 lo continue as a going concern. If we conclude that a material unrtainlY exists. we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our condusions are based on the audit evidence obtained up to the date of our Audito¢s Report. However, fulure events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial stalements. 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 having a share capitsll We communicale with those charged with governance regarding, among other matters, the planned scope and timing of the audil and significant audit findings, including any significant deficiencies in internal control thal we identify during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely lo the charity's members, as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so Ihal 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 the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report. or for the opinions we have formed. PARK & COMPANY LTD Charlered Accounlanls and Registered Auditors 4 Carnegie Street Lurgan BT66 6AS Northern Ireland 11
LOXIN (MrD o
Newry and Mourne Community Transport IA company Ilmlted by guarantèe, nol having a share capital) Company Number.. N1066215 BALANCE SHEET as al 31 March 2025 2025 2024 Notes Flxed Assets Tangible assets 105,716 99,835 Current Assets Debtors Cash al bank and in hand 10 32,685 63,758 19,438 88,626 96,443 108.c4 Creditors: Amounts falling due withln one year 11 16,6311 (17,549) Net Current Assets 89.812 90.515 Totsl Assets less Current Llabllities 195,528 190,350 Funds DFI Restricted Funds other Restricted funds Designated funds (Unrestricted) General fund (unrestricted) 17.934 105,716 71,878 99,835 90,515 Total funds 13 195,528 190,350 These financial statements have been prepared in accordance with the special provislons relating lo small companies within Part 15 of the Companies Act 2006. The financial statements have been prepared in accordan with the provisions applicable to companies subject lo the small companies, regime and in accordance with FRS 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland. applying Section 1A of that Standard. Approved by the Board of Trustees and authorised for issue on JL125 and slgned on Its behalf by Willlam Davis Trustee The notes ¢n pages 14 10 19 forrn part of the finanaal slalernents 13
Newry and Mourne Community Transport IA company limitsd by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Newry and Moume Community Transport is a company limited by guarantee incorporated in Northern Ireland. The registered office oflhe charity is Unit 14, ITEC Business Park, Newry. Down. BT34 1DN, Northem Ireland which is also the principal place 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 to 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 Statement of Recommended Practi {SORP) 'Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland FRS 102" applying Seclion 1A of that Standard. As pemiitted by the Companies Act 2006, the charity has varied the standard formats in that act for the stalement of Financial Aclivilies and the Balance Sheet. Departures from the standard formals 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 Standard. 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 Ihe objectives of the charity. Designated funds comprise unrestricted funds that the board has. at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund. Income Income is recognised by inclusion in the Stalement of Financial Activities only when the charity is legally entilled lo the income. performance conditions attached to the itemls) of income have been met. the amounts involved can be measured with sufficient reliability and it is probable that the income will be reiVed by the charity. Income from charitable actlvities Income from charitable activities include income earned from the supply of seTvices under contractual arrangements and from perfomiance related grants which have conditions that specify the provision of particular services to be provided by the 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 the related funding agreements. ere a grant is received in advance, its recognition is deferred and included in creditors. Vvhere entitlement occurs before income is received, it is accrued in debtors. Grants from governments and other co-funders typically include one of the following types of conditions= Performance based conditions.. whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity 15 meeting the core objectives of a grant agreement. it recognises the related expendilure, to the extent that it is reimbursable by the donor, as 14
continued Newry and Mourne Community Transport {A company Ilmited by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 income. -Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases, the charity recognises Ihe income to the extent it is utilised within the period specified in the agreement. In the absence of such conditions, assuming that receipi 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 crediled to the Statement of Financial Activities when received or receivable, whichever is eadier. Expenditure Expenditure is analysed betsveen costs of charitable activities and raising funds. The costs of each activity arè separately accumulated and disclosed and analysed according io their major components. Expenditure is recognised when a legal or conslruclive 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 those functions that assist the work of the charity bul cannot be attribuled to one aclivity. Such costs are allocated to activities in proportion to staff time spenl 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 lo depreciation is calculated to write off the 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 /* Straight line 250/0 Straight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid netof any trade discounts due. Income recognised bythe charity from government agencies and other co-funders, but not yet received 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 taxation 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 differences 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 lo pay less tax in the future. Timing differences are temporary differences between the charity's taxable income and its results as slated 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 liming differences are expected lo reverse. based on tax rales and laws that have been enacled or substantively enacted by the balan sheet date. GOING CONCERN At the date of approval of these financial statements, the charity has yet to receive fomial confirmation from the Department of Infrastructure in relation to the 2025126 funding for the Rural Transport Fund and Assisted Rural Travel Scheme. This funding amounted to £107,331 in the 2024125 financial year. In the interim period, the harity is currently receiving monthly grants on a similar level lo the funding provided for 2024125. The trustees are confident that a formal letter of offer and agreement of the 2025126 funding package will be agreed shortly. In this interim period, the trustees are carefully managing cashflow and are in the process of looking at other sour$ of income. Delays in the confirmation of these grants has been the nomi in recent years. The trustees conlinue to prepare the financial statements on a going concern basis. 15
continued Newry and Mourne Community Transport {A company limited by guarantee, not having a share ¢apital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 4. INCOME Unrestricted Other DFI Re$trlcted Restricted 2025 Totsl 2024 Total Voluntary Income DFI Rural Transport Fund Assisted Rural Travel Scheme DFI Capital Disabilitykntion Transport Scheme 84,505 22,826 84,505 22,826 89,359 22,086 36.646 36.646 36.646 143.977 44,180 155,625 107,331 A¢tlvltles for Funds Dial a Lift 6,452 6,452 7.410 962 DATS Fare income 6.452 6.452 8,372 Other Income Transport Setmces Shared Prosperityl National Lottery 14,782 108.382 123,164 14,782 145,446 160.228 13,362 37.064 37,064 13.362 123,164 73,710 113,783 310,657 177,359 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Support Costs 2025 2024 Expenditure on charitable activites 261,647 43,832 305,479 228,246 ANALYSIS OF SUPPORT COSTS 2025 2024 Depreciation Audit Fees Bank Fees General Expenses 38,751 1,667 293 3,121 53.325 1,667 261 2.750 43,832 58,003 NET INCOME 2025 2024 Net In¢ome is stated after charglngl(creditingl: Depreciation of tangible assets DeficiV(surplusl on disposal of tangible fixed assets Auditor's remuneration.. audit seNices 38.751 39,171 54.836 1,667 1,667 16
continued Newry and Mourne Community Transport IA company Ilmlted by guarantee, not having a share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 EMPLOYEES AND REMUNERATION The staff costs comprise= 2025 2024 Wages and salaries 121,049 88.446 TANGIBLE FIXED ASSETS Fixtures, f5ttings and equipment Motor vehicles Total Cost At 1 April 2024 Additions Disposals 9,797 5,518 (80) 276,275 81,199 (188.3351 286.072 86,717 {188,4151 At 31 March 2025 15,235 169,139 184,374 Depreciation At 1 April 2024 Charge for the financial year On disposals 9,797 1,379 (80) 176,440 37,372 (146,250} 186.237 38,751 (146.3301 At 31 March 2025 11,096 67.562 78.658 Net book value At 31 March 2025 4,139 101,577 105,716 At 31 March 2024 99.835 99,835 10. DEBTORS 2025 2024 Trade debtors Taxation and social security costs Prepayments and accrued income 1,102 19.820 11,763 4.070 15,368 32,685 19.438 11. CREDITORS Amounts falling due within one year 2025 2024 Trade creditors Taxation and social security costs Accruals and deferred income 2,512 2,431 1,688 13,742 3,807 6,631 17.549 12. RESERVES 2025 2024 At the beginning of the year Surplusl(Deficit) for the financial year 190,350 5,178 241,237 (50,887) At the end of the year 195,528 190.350 17
continued Newry and Mourne Community Transport IA company limitgd by guarantse, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Totsl Funds At 1 April 2023 Movement during the financial year 154,065 36,285 241,237 (50.887) At 31 March 2024 Movement during the financial year 190.350 (12,756) 190,350 5,178 17,934 At 31 March 2025 177,594 17.934 195,528 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Opening Balance Closlng Balance DH Restricted Funds Income Expenditure Transfers DFI Capitsl DFI Rural Transport Funding Assisted Rural Tra1 Scheme 84,505 22.826 6,452 84.505 22,826 DAL Fare Incom e 6.452 113,783 113.783 Other Restricted Funds Disabilitypction DATS Fare Income 36,646 34.103 2.543 Shared Prosperby fijnd National LotteryFund 17,064 20,000 73.710 17.064 1,018 52.185 1,048 3,591 17,934 17,934 Unrestricted Fixed Set Fund 99,835 90.515 190.350 86.994 36.170 123,164 81.113 84,704 3,591 105.716 71.878 177,594 General Fund 139,511 139,511 TOTAL 190.350 310,657 305.479 195,528 18
continued Newry and Mourne Community Transport IA Company Ilmlted by guarantee. not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current assets Current liabilities Total Restricted trust funds 1,216 49 1,265 Unrestricted designated funds Unrestricted general funds 3,981 100,519 3,981 190,282 95,668 15,905) 104,500 95,668 15,905) 194,263 105,716 95,717 15.905) 195,528 14. STATUS The charity is a company limited by guarantee not having a share capital. The liability of the members is limiled. Every member of the company undertakes to contribule lo the assets of the company in the event of ils 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 contribulors among themselves. such amount as may be required, not exceeding £ 1. 15. POST-BALANCE SHEET EVENTS There have been no significant evenls affecling the Charity since 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 wilh 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 totsled £8,899, in respect of volunteer driver services they provided lo Ihe organisalion during the current financial year. These payments have been made due to a shortage of available volunleer drivers following covid and the Board are actively looking to recruit new volunteers to minimise these payments in future. Writlen agreements are in place. 19