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 se￿iCe 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 ServI￿S 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 Se￿iCe 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 be￿een 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 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 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 be￿e￿n 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 con￿rn 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 ne￿SSary 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 un￿rtainlY
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

LO*XIN
(M￿rD
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.c￿4
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 re￿iVed 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 Tra￿1 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