```
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`
|||`Page`||
|---|---|---|---|
|`Report of the Trustees`|`1`|`to`|`2`|
|`Report of the Independent Auditors`|`3`|`to`|`5`|
|`Statement of Financial Activities`||`6`||
|`Balance Sheet`||`7`||
|`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
```