REGISTERED COMPANY NUMBER: NI037744 (Northern Ireland)
REGISTERED CHARITY NUMBER: XR37652
Report of the Trustees and
Audited Financial Statements for the Year Ended 31 March 2025
for
Armagh Rural Transport Ltd
WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG
Armagh Rural Transport Ltd
Contents of the Financial Statements for the Year Ended 31 March 2025
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Report of the Trustees |
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2 |
Report of the Independent Auditors |
3 |
to |
5 |
Statement of Financial Activities |
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6 |
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Balance Sheet |
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7 |
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Notes to the Financial Statements |
8 |
to |
13 |
Detailed Statement of Financial Activities |
14 |
to |
15 |
Armagh Rural Transport Ltd
Report of the Trustees
for the Year Ended 31 March 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwith the
financialstatementsof the charityfor the year ended 31 March2025. The trusteeshave adoptedthe provisionsof Accounting and
Reportingby Charities:Statement of RecommendedPracticeapplicableto charitiespreparing their accountsin accordancewith the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Grants
TheDirectorsaresatisfiedthatallgrants,includingtheRuralTransportFundgrant,havebeenusedsolelyforthe purposes
intended and in accordance with the terms and conditions of the grant.
FINANCIAL REVIEW
Reserves policy
ARTasanorganisationwillnormallyrequireaminimumlevelofreservestofunditsworkingcapitalrequirements(vehicles) and
provide funding for contingencies identified in its management statement. (3-6 months operating costs).
Therefore,the existenceof reserves(moneyheld in an accountnot currentlybeing used for operationalor projectneeds) can be a
sign of good resource management.
Inaddition,ARTshouldnotbepenalisedforexercisingpropergovernanceinthecreationofreasonablereservestomeet future
organisation liabilities (closure and redundancy costs)
ART is confidentthat the policyset out meets the required standardsof accountabilityand appropriatenesswhile at the same time
being flexible enough to deal with unexpected contingencies and emergencies.
Level of Reserves
Armagh Rural Transport aims to have six months running costs to wind down the service and fulfil legal obligations of
closing the company legally and ethically.
The amount of reserves currently held is £118,426.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limitedbyguarantee, as
defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
NI037744 (Northern Ireland)
Registered Charity number
XR37652
Registered office
Office Suite 1 - Armagh Business Centre
2 Loughgall Road
ARMAGH
Co. Armagh
BT61 7NH
Page 1
Armagh Rural Transport Ltd
Report of the Trustees
for the Year Ended 31 March 2025
Trustees
Mrs S Curry
Mrs S McRoberts
D Mooney
E Stewart
Mrs B Smith
S Nicholson
D McMullen
J Clifford
Mrs D Hayward (appointed 1.10.24)
D McElroy (appointed 1.10.24)
D Forbes (appointed 1.10.24)
Company Secretary
D McMullen
Auditors
WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Thetrustees(whoarealsothedirectorsofArmaghRuralTransportLtdforthepurposesofcompanylaw)areresponsible for
preparingtheReportoftheTrusteesandthefinancialstatementsinaccordancewithapplicablelawandUnited Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgiveatrueandfairviewof the
stateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplicationofresources,includingtheincome and
expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatanytime the
financialpositionofthecharitablecompanyandtoenablethemtoensurethatthefinancialstatementscomplywith the
CompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsofthecharitablecompanyandhencefor taking
reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
-
there is no relevant audit information of which the charitable company's auditors are unaware; and
-
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, WHR Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 25 September 2025 and signed on its behalf by:
D McMullen - Secretary
Page 2
Report of the Independent Auditors to the Members of
Armagh Rural Transport Ltd
Opinion
WehaveauditedthefinancialstatementsofArmaghRuralTransportLtd(the'charitablecompany')fortheyear ended
31March2025whichcomprisetheStatementofFinancialActivities,theBalanceSheetandnotestothefinancial statements,
including a summary of significantaccountingpolicies.The financialreportingframeworkthat has been applied in their preparation
is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK))andapplicablelaw. Our
responsibilitiesunder those standardsare further described in the Auditors'responsibilitiesfor the audit of the financial statements
sectionofourreport.Weareindependentofthecharitablecompanyinaccordancewiththeethicalrequirementsthat are
relevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthicalStandard,andwehavefulfilledour other
ethicalresponsibilitiesinaccordancewiththeserequirements.Webelievethattheauditevidencewehaveobtainedis sufficient
and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasisofaccountingin the
preparation of the financial statements is appropriate.
Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoeventsorconditions that,
individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany'sabilitytocontinueasagoingconcernfor a
period of at least twelve months from when the financial statements are authorised for issue.
Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedin therelevantsections of
this report.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisestheinformationincludedinthe Annual
Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinionon the financialstatementsdoes not coverthe otherinformationand, exceptto the extent otherwiseexplicitly stated
in our report, we do not express any form of assurance conclusion thereon.
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,indoing so,
considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedin the
auditorotherwiseappearstobemateriallymisstated.Ifweidentifysuchmaterialinconsistenciesorapparent material
misstatements,wearerequiredtodeterminewhetherthisgivesrisetoamaterialmisstatementinthefinancial statements
themselves.If, based on the work we have performed,we concludethat there is a materialmisstatementof this other information,
we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters 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 Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledgeand understandingof the charitablecompanyand its environmentobtained in the course of the audit,
we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the followingmatterswhere the CompaniesAct 2006 requiresus to report to you if, in our
opinion:
-
adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Page 3
Report of the Independent Auditors to the Members of
Armagh Rural Transport Ltd
Responsibilities of trustees
AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothedirectorsofthe charitable
companyforthe purposesofcompanylaw)areresponsibleforthe preparationofthe financialstatementsandforbeing satisfied
that they give a true and fair view, and for such internal controlas the trustees determine is necessaryto enable the preparation of
financial statements that are free from material misstatement, whether due to fraud or error.
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sabilitytocontinueas a
goingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccounting unless
the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrom material
misstatement,whetherduetofraudorerror,andtoissueaReportoftheIndependentAuditorsthatincludesour opinion.
Reasonableassuranceis a high levelof assurance,but is not a guaranteethat an audit conductedin accordancewith ISAs (UK) will
alwaysdetecta materialmisstatementwhenit exists.Misstatementscanarisefromfraudorerrorandareconsideredmaterial if,
individuallyor in the aggregate,they could reasonablybe expectedto influencethe economicdecisionsof users taken on the basis
of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
-Extent of Procedures to Detect Irregularities
Theauditproceduresweredesignedandperformedtoprovidereasonableassuranceregardingthedetectionof irregularities,
non-compliance,andcontrolweaknesses.Theextentofprocedureswasdeterminedbasedontheresultsoftherisk assessment
and the significance of each area under review.
The audit team carried out the following:
Analytical procedures to identify unusual trends, variances, and anomalies in financial and operational data.
Substantivetestingofselectedtransactions,includingcashreceipts,procurementexpenditures,andpayrollprocessing,to verify
accuracy and completeness.
Internalcontroltestingthroughwalkthroughsandevaluationofsegregationofduties,authorizationprocesses,andsystem access
rights.
Documentverificationof invoices,contracts,purchaseorders,and supportingrecordsto confirmauthenticityand compliance with
policies.
External confirmations and reconciliations with banks, suppliers, and employee records where applicable.
Interviews and inquiries with key staff, supplemented by surprise checks in areas considered highly susceptible to irregularities.
Theextentoftheseprocedureswasproportionatetotherisksidentifiedanddesignedtofocusonareasmostvulnerable to
misstatement,fraud,ornon-compliance.Whileeveryeffortwasmadetodetectirregularities,itshouldbenotedthatthe audit
cannot provide absolute assurance that all such instances have been identified.
A furtherdescriptionof ourresponsibilitiesforthe auditof the financialstatementsis locatedon the FinancialReporting Council's
website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 4
Report of the Independent Auditors to the Members of
Armagh Rural Transport Ltd
Use of our report
Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter3ofPart16of the
CompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitablecompany'smembers those
matters we are required to state to them in an auditors'report and for no other purpose. To the fullest extent permitted by law, we
donotacceptorassumeresponsibilitytoanyoneotherthanthecharitablecompanyandthecharitablecompany'smembersas a
body, for our audit work, for this report, or for the opinions we have formed.
James Robinson FCCA (Senior Statutory Auditor)
for and on behalf of WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG
25 September 2025
Page 5
Armagh Rural Transport Ltd
Statement of Financial Activities for the Year Ended 31 March 2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
115
Other trading activities
3
20,399
Investment income
4
852
Total
21,366
EXPENDITURE ON
Raising funds
5
19,792
Other
-
Total
19,792
NET INCOME/(EXPENDITURE)
1,574
RECONCILIATION OF FUNDS
Total funds brought forward
73,434
TOTAL FUNDS CARRIED FORWARD
75,008 |
Restricted
fund
Designated
£
£
102,951
-
82,828
-
-
2,096
185,779
2,096
201,022
-
-
-
201,022
-
(15,243)
2,096
(61,375)
98,724
(76,618)
100,820 |
31.3.25
31.3.24
Total
Total
funds
funds
£
£
103,066
103,427
103,227
112,299
2,948
2,467
209,241
218,193
220,814
223,984
-
1,900
220,814
225,884
(11,573)
(7,691)
110,783
118,474
99,210
110,783 |
|
|
|
The notes form part of these financial statements
Page 6
Armagh Rural Transport Ltd
Balance Sheet
31 March 2025
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
10
1,147
CURRENT ASSETS
Debtors
11
6,358
Cash at bank and in hand
75,695
82,053
CREDITORS
Amounts falling due within one year
12
(8,192)
NET CURRENT ASSETS
73,861
TOTAL ASSETS LESS CURRENT
LIABILITIES
75,008
ACCRUALS AND DEFERRED
INCOME
14
-
NET ASSETS
75,008
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
fund
Designated
£
£
35,899
-
7,955
-
18,634
151,573
26,589
151,573
(55,799)
(50,753)
(29,210)
100,820
6,689
100,820
(83,307)
-
(76,618)
100,820 |
31.3.25
Total
funds
£
37,046
14,313
245,902
260,215
(114,744)
145,471
182,517
(83,307)
99,210
75,008
24,202
99,210 |
31.3.24
Total
funds
£
48,504
14,781
241,259 |
|
|
|
256,040
(110,454) |
|
|
|
145,586 |
|
|
|
194,090
(83,307) |
|
|
|
110,783 |
|
|
|
73,434
37,349 |
|
|
|
110,783 |
These financialstatementshave been prepared in accordancewith the provisionsapplicableto charitablecompaniessubject to the
small companies regime.
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 25 September2025 and were signed
on its behalf by:
D Mooney - Trustee
E Stewart - Trustee
The notes form part of these financial statements
Page 7
Armagh Rural Transport Ltd
Notes to the Financial Statements
for the Year Ended 31 March 2025
1. ADDITIONAL AUDITORS REPORT NOTE
In ouropinionThe RuralTransportFund granthas been used solelyforthe purposesintendedand in accordancewith the
terms and conditions of the grant.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunder FRS 102,havebeen prepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statementof Recommended
Practiceapplicabletocharitiespreparingtheiraccountsin accordancewiththeFinancialReportingStandardapplicable in
theUKandRepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'The Financial
ReportingStandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
Income
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable
that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligationcommittingthe charityto that
expenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlementandtheamountof the
obligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassified under
headingsthataggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticular headings
they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings |
- |
25% on reducing balance |
Minibus |
- |
25% on reducing balance |
Car Equipment |
- |
25% on reducing balance |
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise
when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
3. OTHER TRADING ACTIVITIES
Unrestricted
funds
£
DATS
-
Group Hire
19,120
ARTS
-
DAL- Fares and membership
-
Membership fees
1,279
DATS-Income from fare
-
Carried forward
20,399 |
Restricted
funds
£
47,228
-
19,526
12,301
-
3,773
82,828 |
31.3.25
Total
funds
£
47,228
19,120
19,526
12,301
1,279
3,773
103,227 |
31.3.24
Total
funds
£
42,563
21,484
32,386
11,851
1,280
2,735 |
|
|
|
112,299 |
continued...
Page 8
Armagh Rural Transport Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. OTHER TRADING ACTIVITIES - continued
Unrestricted
funds
£
Brought forward
20,399
20,399
INVESTMENT INCOME
Unrestricted
funds
£
Bank account interest
852
RAISING FUNDS
Raising donations and legacies
Unrestricted
funds
£
Staff costs
5,363
Volunteer expenses
657
Fuel & Motor Repairs
2,894
Depreciation
-
Support costs
305
9,219 |
Restricted
funds
£
82,828
82,828
Restricted
funds
£
2,096
Restricted
funds
£
47,793
5,912
26,680
9,776
2,799
92,960 |
31.3.25
Total
funds
£
103,227
103,227
31.3.25
Total
funds
£
2,948
31.3.25
Total
funds
£
53,156
6,569
29,574
9,776
3,104
102,179 |
31.3.24
Total
funds
£
112,299 |
|
|
|
112,299 |
|
|
|
31.3.24
Total
funds
£
2,467
31.3.24
Total
funds
£
58,072
8,379
26,520
13,035
- |
|
|
|
106,006 |
4. INVESTMENT INCOME
5. RAISING FUNDS
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Auditors' remuneration |
3,104 |
1,900 |
Depreciation - owned assets |
12,126 |
16,168 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfortheyear ended
31 March 2024.
Trustees' expenses
Travel expenses totalling £29 were paid to Trustees.
continued...
Page 9
Armagh Rural Transport Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
31.3.2531.3.24
No employees received emoluments in excess of £60,000.
9.
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
COST
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024 |
Unrestricted
fund
£
1,822
22,764
660
25,246
6,221
57
6,278
18,968
54,466
73,434
Fixtures
and
fittings
£
39,832
668
40,500
30,433
2,350
32,783
7,717
9,399 |
Restricted
fund
Designated
£
£
101,605
-
89,535
-
-
1,807
191,140
1,807
217,763
-
1,843
-
219,606
-
(28,466)
1,807
(32,909)
96,917
(61,375)
98,724
Car
Minibus
Equipment
£
£
155,726
399
-
-
155,726
399
116,621
399
9,776
-
126,397
399
29,329
-
39,105
- |
Total
funds
£
103,427
112,299
2,467
218,193
223,984
1,900
225,884
(7,691)
118,474
110,783
Totals
£
195,957
668
196,625
147,453
12,126
159,579
37,046
48,504 |
|
|
|
|
continued...
Page 10
Armagh Rural Transport Ltd
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Due from ARTS
DATS
VAT
Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 13)
Trade creditors
VAT
Accrued expenses
13.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
14.
ACCRUALS AND DEFERRED INCOME
Capital Grant Received
15.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted
Designated
TOTAL FUNDS |
31.3.25
£
(589)
2,068
5,263
2,857
4,714
14,313
31.3.25
£
103,070
5,760
2,603
3,311
114,744
31.3.25
£
103,070
31.3.25
£
83,307
Net
movement
At 1.4.24
in funds
£
£
73,434
1,574
(61,375)
(15,243)
98,724
2,096
37,349
(13,147)
110,783
(11,573) |
31.3.24
£
(618)
4,017
3,831
2,839
4,712
14,781
31.3.24
£
98,348
3,592
3,191
5,323
110,454
31.3.24
£
98,348
31.3.24
£
83,307
At
31.3.25
£
75,008
(76,618)
100,820
24,202
99,210 |
|
|
|
continued...
Page 11
Armagh Rural Transport Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
Designated
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted
Designated
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
Designated
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
21,366
(19,792)
1,574
185,779
(201,022)
(15,243)
2,096
-
2,096
187,875
(201,022)
(13,147)
209,241
(220,814)
(11,573)
Net
movement
At
At 1.4.23
in funds
31.3.24
£
£
£
54,466
18,968
73,434
(32,909)
(28,466)
(61,375)
96,917
1,807
98,724
64,008
(26,659)
37,349
118,474
(7,691)
110,783
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
25,246
(6,278)
18,968
191,140
(219,606)
(28,466)
1,807
-
1,807
192,947
(219,606)
(26,659)
218,193
(225,884)
(7,691) |
|
|
continued...
Page 12
Armagh Rural Transport Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
Designated
TOTAL FUNDS |
Net
movement
At 1.4.23
in funds
£
£
54,466
20,542
(32,909)
(43,709)
96,917
3,903
64,008
(39,806)
118,474
(19,264) |
At
31.3.25
£
75,008
(76,618)
100,820
24,202
99,210 |
|
|
|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
Designated
TOTAL FUNDS |
Incoming
resources
£
46,612
376,919
3,903
380,822
427,434 |
Resources
Movement
expended
in funds
£
£
(26,070)
20,542
(420,628)
(43,709)
-
3,903
(420,628)
(39,806)
(446,698)
(19,264) |
|
|
|
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 13
Armagh Rural Transport Ltd
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
Detailed Statement of Financial Activities
for the Year Ended 31 March 2025 |
|
|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
115 |
1,822 |
Grants |
102,951 |
101,605 |
|
103,066 |
103,427 |
Other trading activities |
|
|
DATS |
47,228 |
42,563 |
Group Hire |
19,120 |
21,484 |
ARTS |
19,526 |
32,386 |
DAL- Fares and membership |
12,301 |
11,851 |
Membership fees |
1,279 |
1,280 |
DATS-Income from fare |
3,773 |
2,735 |
|
103,227 |
112,299 |
Investment income |
|
|
Bank account interest |
2,948 |
2,467 |
Total incoming resources |
209,241 |
218,193 |
EXPENDITURE |
|
|
Raising donations and legacies |
|
|
Drivers Wages |
53,156 |
58,072 |
Volunteer expenses |
6,569 |
8,379 |
Fuel & Motor Repairs |
29,574 |
26,520 |
Depreciation of Minibus |
9,776 |
13,035 |
|
99,075 |
106,006 |
Other trading activities |
|
|
Wages |
78,347 |
69,782 |
Pensions |
5,357 |
7,241 |
Light and Heat |
1,027 |
1,134 |
Printing & Stationery |
1,427 |
2,112 |
Telephone |
1,770 |
1,381 |
Travel & Excess milage |
658 |
622 |
General Expenses |
1,776 |
1,472 |
Rent |
6,575 |
6,460 |
Insurance- Office and Vehicle |
6,026 |
6,448 |
Training |
1,358 |
432 |
Bank fees |
22 |
746 |
Subscriptions |
888 |
536 |
Catering |
1,095 |
2,761 |
Recruitment Costs |
130 |
787 |
Depreciation-Office Equipment |
2,350 |
3,133 |
Advertising |
151 |
610 |
Software |
5,034 |
4,914 |
Office maintenance |
2,298 |
822 |
HR Support |
1,092 |
5,061 |
Carried forward |
117,381 |
116,454 |
This page does not form part of the statutory financial statements
Page 14
Armagh Rural Transport Ltd
Detailed Statement of Financial Activities |
|
|
for the Year Ended 31 March 2025 |
|
|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Other trading activities |
|
|
Brought forward |
117,381 |
116,454 |
BHSF Cash Plan |
1,254 |
1,524 |
|
118,635 |
117,978 |
Support costs |
|
|
Governance costs |
|
|
Auditors' remuneration |
3,104 |
1,900 |
Total resources expended |
220,814 |
225,884 |
Net expenditure |
(11,573) |
(7,691) |
This page does not form part of the statutory financial statements
Page 15