Company Reglstratlon No. N1607512 (Northem Ireland) Reglstered Charlty No. NIC103418 CDM COMMUNITY TRANSPORT (a company Ilmlted by guaranteel ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CDM COMMUNITY TRANSPORT COMPANY INFORMATION Trustees W Mayne MBE F Burton L Hughes M O'Neill MBE S Donnelly M Farquhar B Scullion (Appointed 1 May 2022) Chalrman W Mayne MBE Secretary M O'Neill MBE Company number N1607512 Reglstered offlce Unit 4 Derryloran Business Centre Cookstown Co Tyrone BT80 9LU Audltor David Lytile + Co Ltd Ststion House 46 Molesworth Street Cookstown Co Tyrone BT80 8PA Buslness address Unit 4 Deryloran Business Centre Cookstown Co Tyrone BT80 9LU Bankers Bank of Ireland 32 James Street Cookstown Co Tyrone BT80 8LU Sollcltors Doris and Macmahon 63 Jam8s Street Cookstown Co Tyrone BT80 8AE
CDM COMMUNITY TRANSPORT CONTENTS Page Trustees, report Trustees, responsibilities statement Independent auditofs report Statement of financlal activities Balance sheet statement of changes in equity Notes to the financial statements 10-15 The followlng pages do not fomi part of the statutory financlal statements Detailed statement of financial activities 16-18
CDM COMMUNITY TRANSPORT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their report and financial statemonts for the year ended 31 March 2023. Background CDM Community Transport (CDM) was established in 2013 as a result of the merger of Cookstown Rural Community Transport and Dungannon and Dlstrict Community Transport. CDM Communlty Transport Ss a company limited by guarantee with charitable status that has been established to provide the transport services, previously carried on by organisations in Cookstown and Dungannon. The new company will also act as lead body to administer DFI funding to the existing Magherafelt organisation Out and About Community Transport. CDM Community Transport operates on a 10b pemiit. Only registered members can avail of the transport services. Structure• governance and management The organlsatlon is a company limited by guarantee and does not have share capital. The company is a registered charity with the Nl Charities Commission from the 15 December 2015 (charity number: NIC 103418). The company was established under a Memorandum and Articles of Association. which ?stablished the objects and powers of the charitable company, and is governed under its Articles of Association. CDM Community Transport has a cross-community focus and is managed by the trustees who are elected annually and representatives must be elected from both council areas. The appoinlment of trustees is in accordance with the charity's Artides of Association. whereby each member will be entitled to nominate one person only in writing not less than seven days before the date of the Annual General Meeting. The trustees (who are also th8 directors for the purposes of company law) who served during the year were: W Mayne MBE F Burton L Hughes M O'Neill MBE S Donnelly M Farquhar B Sculllon (Appolnted 1 May 2022)
CDM COMMUNITY TRANSPORT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Objectlves and actlvltles The objects and activities of the charity are: 1. To provide safe, accessible door-t041oor transport to members, especially the most disadvantaged members Ilving in the rural areas of Mid Ulster. -providing an accessible vehicle which can co118Ct people from their homes and take them to the required destination -training drivers to the MIDAS standard in order to provide a quality service -raising the profile of CDM Community Transport in various hamlets and villages in the Mid Ulster Area in an effort to increase participatlon in the project -ensuring that staff who deal with disabled members are trained in Customer Care and Passenger Assistance -utilising the most costéffective vehicle in the provision of demand led rural transport services -making the small vehicle available to families who have a disabled family member. 2. To provlde a door-to4oor Servi to members living in rural areas where there is little or no other form of suitable transport available: -increasing the database of volunteer drivers who are willlng to give up their spare time for the benefit of others -provide disability awareness training and First Aid to suitable volunteers -raising awareness. especially in rural villages and hamlets -CO-ordinating volunteer availability with demand in specific areas of the district -providing regular support. training and infomiation for volunteer drivers -liaising with other community and voluntary activists in service provision to disadvantaged groups and individuals. 3. Increase the efficiency and effecliveness of local transport resources wilh a one-stop-shop: -providing inforrnation and advice lo members on variou5 Suitable modes of transport -building up relationships with private operators and taxi owners in the district -working closely with neighbouring Rural Transport Partnerships in preparation for the restructuring of local Councils -providing a feeder service to the Public Transport -providing infonnation on training available to other voluntsry organisations. especially those who operate thelr own transport. 4.CDM Communlty Transport have been provldlng Disability Action Servlces from April 2013. Achievements and perforniance The company has during the year endeavoured: -to provide Dial a lift services to registered members living in wral areas of Mid Ulster who have no access to public transport, -to provide free or /3 fare travel (up to April 2021) to members who have a verified smartpass, -to continue to provide group hire on either a %vith' or'without driverf basis. At present CDM Community Transport have 366 group memberships, 1,396 indlvidual members and 333 DAT members. The directors are satisfied that all grants, including the RTF and COVID Relief (Resource) Funding have been used solely for the purposes intended and in accordance with each of the terms and conditions.
CDM COMMUNITY TRANSPORT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Flnanclal Revlew The company moets its day to day running costs via a revenue grant from the Department of Infrastructure. This grant is normally mad8 for a 12 month period and guarantees funding for that period. As a result of the ongoing political instsbility in Northem Ir8land and lack of a functioning Assembly, the company have only received a letter of offer from the Department for funding to 31 July 2023. There has been no offer of funding from the Department regarding the rest of the next financial year. Thls creates a material uncertalnty over the abilty of the company to continue as a going concern. The Trustees are in constant contact with the Department and have no reason to believe that funding will not be achieved. In the interim the Trustees have sought new sources of funding and started a process of cost reductions to ensure that the Gompany can continue as a going concem. The trustees will conduct annual reviews of the appropriate level of unrestrlcted reserves. The purpose of this reserve is to provide stability for the charity to ensure that it is able lo honour existlng contractual obligations, to upgrade existing capltal equipment. to cover unforeseen events beyond the company's control and to enable it to continue its operations in the unlikely event of a significant fluctuation in expenditure or income. The board has an ongoing programme of capital replacement due to high maintenance and running costs. The committee aim to build reserves to at least 3 months of annual expenditure. to meet financial commitments. to meet capital repayments for vehicles purchased on Hire Purchase and also to build in a provision for redundancy for all staff in the unlikely event that funding would cease. The committee currently estimate the provision for redundancy to be £83,000. This may be achieved by increasing eamed income or reducing expenditure. The present level of reserves available to the charity is £266,832 and this is considered satisfactory. Of this amount. £63.000 is held in cash at bank and in hand. Audltor David Lyttle + Co Ltd were appointed auditor to the company and in accordance with section 485 of the Companies Act 2006. a resolution proposing that they be re-appointed will be put at a General Meeting. Statement of disclosure to audltor So far as the trustees are aware, there is no relevant audit information of which the company's auditor are unaware. Additionally, the trustees have taken all the necessary steps that trustees ought to have tsken as trustee in order to make themselves aware of all relevant audit infomiation and to establish that the companls auditors are aware of that infomiation. This report has been prepared in accordance with the provisions appIlble to companies entitled lo the small companies exemption. On behalf of the board W Mayne MBE Trustee 29 June 2023
CDM COMMUNITY TRANSPORT TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 The trusteas are responsible for preparing the financial statem8nts in accordance with applicable law and regulations. Company law r8quir8s the trustees to prepar8 financial statements for each financial year. Under that law the trustees hav8 elected to prepare the financial statements in accordance wilh United Kingdom Generally Accepted Accounting Praclice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its net income and expenditure for the year. In preparing those financial statements, the trustees are required to: select suitsble accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent: prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any tlme the financial position of the charity and enable them to ensure that the financlal statements comply with the Companies Act 2006.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.
CDM COMMUNITYTRANSPORT INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CDM COMMUNITY TRANSPORT Oplnlon We have audited the financial statements of CDM Community Transport (the 'company') for the year ended 31 March 2023 which comprise Ihe statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards. including Financial Reporting Standard 102 The Finanual Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements: give a twe and fair view of the state of the company's affairs as at 31 March 2023 and of its deficit 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. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditor's responsibilities for the audit ol the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern. We draw attention to Note 1.2 in the financial statements, which indicates that the company has not achieved its core funding for the next financial year. As stated in Note 1.2. these events or conditions. along with other matters as set forth in Note 1.2. indicate Ihat a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concem. Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the directors, use of the going conrn basis of acwunting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities of the directors with respect to going concem are described in the relevant sections of this report. Other Informatlon The other information comprises the infomiation included in the annual report other than the financlal ststements and our auditorfs r8POrt thereon. The directors ar8 r8sponsible for th8 other information contained within the annual report. Our opinion on the financial statements does not Cover the other information and, except to the extent otherwise explicitly stated in our report, We do not 8xpr8ss any fomi of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other infomiation is materfally inconsistent wlth the financial ststements or our knowledge obtained in the course of the audlt. or othernise appears to be materlally misstated. If we Identlfy such material inconsistencies or apparent material misstatements. we are required to detemine whether this gives rlse to a material misststement in the financial statements themselves. If, based on the work we have perfomied. we conclude that there is a material mi55tatement of this other InfOatiOn, we are required to report that fact. We have nothing to report in this regard. Opinlons on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the Course of our audit: the infomiation given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the tnjstees. report has been prepared in accordance with applicable legal requirements.
CDM COMMUNITY TRANSPORT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CDM COMMUNITY TRANSPORT Matters on whlch we are roqulred to report by exceptlon In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatem8nts in the trustees, 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 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 retums; or certain disclosures of directors. remuneration specified by law are not made. or we have not received all the information and explanations we qUIre for our audit; or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantsge of the small companies, exemption in preparing the directors, report and take advantage of the small companies exemption from the requirement to prepare a strategic report. Responsibllltles of directors As explained more fully in the dlrectors, responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal control as the directors detemine is necessary to anable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the directors are responsible for assassing the companws ability to continu8 as a going concern, disclosing, as applicable. matters related to going concern and using the going concem basis of accounting unless the directors either intend to liquidate the company or to cease operations. or have no realistic alternative but to do so. Audltorfs responslbllltles for the audlt of the flnanclal ststements Our objectives are to obtain reasonable assurance about whether the financial slaternents as a whole are free from material misststement, vthether due to fraud or error. and to issue an audito¢s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance wrth ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further descrlption of our responsibilities is available on the Financial Reporting Council's website at: https:11 vwN.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the CoMpanS members those matters we are required to state to them in an audilorfs 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 company and the company's memb as a body. for our audit work, for this report, or for the opinions we have fonned. also asked to confirm that the grant provided by the DFI has been used solely for the purposes intended ccordance s and conditions of the grant and can confirm this to be the case. We an in 29 June 2023 tep ran McGea enlor Statutory of Davld Lyttle + Co Ltd Itor) Station House 46 Molesworth Street Cookstown BT80 8PA Chartered Accountants Statutory Audltor
CDM COMMUNITY TRANSPORT STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 DFI Other Unrestricted Restricted Restricted funds funds funds 2023 Total 2022 Total Incomlng resources Incoming resources from charitable activities 50,199 592,960 68,631 711,792 843,231 Transferred to capital grant 1102,752) Transferred (toyfrom deferred income reserve Transferred to Out and About Community Transport (207,823) (207,823) (239,666) Total Incomlng resourc•s 50,199 385,138 68.631 503,969 500,813 Resources expended Charitable activities Govemance costs 114.811 3.447 363,274 21,864 64.511 4,120 542,596 29,432 491,786 34,193 Totsl resources expendod 118.258 385.138 68,631 572.028 525,979 Exceptional items: ProfiV{loss) on sale of tangible assets Electric bus prepayment written off Electric bus capital grant written off Coronavirus job retentlon scheme {2.838) 13 13 (71,762) 71.762 (71.762) 71,762 11,336 Net Incomlngl{outgolng) resources (68.059) (68,059) (16,668) Movement in designated capital reserve 25,000 Net movement in funds (68.059) (68,059) 8.332 Total funds brought forward at 1 April 2022 334.891 334.891 326.559 Total funds carrled fOard at 31 March 2023 266,832 266.832 334.891 The statement of financial activities has been prepared on the basls that all operations are continuing operations. There are no recognised gains and losses other than those passing through the statement of financial activities.
CDM COMMUNITY TRANSPORT BALANCE SHEET ASAT31 MARCH 2023 2023 Total 2022 Noles Tangible assets 194.656 260,377 Current assets Debtors Cash at bank and In hand 65,008 63.407 173,281 57,359 128,415 230,640 Credltors: amounts falllng du• withln one year (28.650) (35,315) Net current assets 99,765 195,325 Total assets less current Ilablllties 294.421 455.702 Capltal grant roserve (27,590) {120,810) 266.832 334,891 Income funds Unrestrlcted funds General reserves Re$trl¢ted ftinds 266.832 334,891 Total charlty funds 266.832 334.891 These accounts have been prepared in accordance with the provisions appllcable to companies subject to the small companies, regime. The financial staternents were approved by the board and authorised for issue on 29 June 2023 and are signed on its behalf by: W Mayne MBE Trustee Company Reglstration No. N1607512
CDM COMMUNITY TRANSPORT STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2023 Own shares Income and expendlture account Total Balance at 1 Aprll 2021 25,000 326,559 351,559 Year ended 31 March 2022: Loss and totsl comprehensive income for the year Transfers (16,668) 25,000 (16.668) (25,000) Balance at 31 March 2022 334,891 334,891 Year ended 31 March 2023: Loss and total comprehensive income for the year (68.059) (68,059) Balance at 31 March 2023 266.832 266,832
CDM COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollclos Company Informatlon CDM Community Transport Is a private company limited by guarant88 incorporated in Northem Ireland. The registered office is Unit 4, Derryloran Business Centra, Cookstovm. Co Tyron8, BT80 9LU. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) effective 1 January 2015) - (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. CDM Community Transport meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accountsncy policy note{s). The financial statements are prepared on a going concem basis. 1.2 Golng concern The company meets its day to day running costs via a revenue grant from the Department of Infrastructure. This grant is normally made for a 12 month period and guarantees funding for that period. As a result of the ongoing political instability in Northem Ireland and lack of a functioning Assembly, the company have only received a letter of offer from the Department for funding to 31 July 2023. There has been no offer of funding from the Department regarding the rest of the next financial year ending 31 March 2024. This creates a material uncertainty over the ability of the company to continue as a going concem. The Trustees are in Constant contact with the Department and have no reason to believe Ihat funding will not be achieved. In the interim the Trustees have sought new sources of funding and stsrted a process of cost reductions to ensure that the company can continue as a going concern. At the time of approving the financial ststements. the trustees have a reasonable 8xpectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the dlrectors continue to adopt thè going concern basis of accounting in preparing the financial statements. 1.3 Fund accountlng Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the provider of the funds. 1.4 Tanglble fixed assets Tangible fixed assets are initsally measured at cost and subsequently measured at cost or valuation, n8t of d8preciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Office furniture and fittings Computer equipment Motor vehicles 250/0 reducing balance 33.33Yo Straight line 200h reducing balance Following a review of depreciation policies during the year it was decided to amend the depreciation rate applicable to Motor Vehicles to 20/0 reducing balance as this better reflected the useful economic lrfe, prevailing market conditions. and expectations of the Trustees. 10-
CDM COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies {Continued) 1.5 Cash and cash equlvalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.6 Financial instruments The company has elected to apply the provisions of Section 11 'Basic Financlal Instruments, and Sedlon 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are r8cognis8d in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Flnancial assets and liabilities are oftset, with th8 net amounts presented in the financial statements, wh8n there Is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to reallse the asset and settle the liability simultaneously. Ba$lc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrdngement constitutes a financing transaction, wh6re the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classlficatlon of financial liabilltses Financial liabilities and equity instruments are dassified according to the substance of the contractual arrangements entered inlo. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Baslc financial liabilitl•s Basic financial liabilities, including creditors. bank loans, loans from fellow group companies and preferen shares that are classified as debt. are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of Interest. Financial liabilities classified as payable withln one year are not amortised. Debt instruments are subsequently carried at amortlsed cost. uslng the effective interest rate method. Trad8 creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is du8 Within on8 year or less. If not, they are pSent&d as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost uslng the effectiv8 int8r8st method. Changes In the fair value of derivatives that are designated and qualify as fair value hedges are recognis8d in profit or loss imrnediately, together with any changes in the fair value of the hedgbd asset or liability that are attributable to the hedged risk. 11
CDM COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policles (Contlnued) 1.7 Employee benerrts The costs of short-tenn employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company Is demonstrably committed to terminate the employment of an employee or to provide termination beneffts. 1.8 Retlrement beneffts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.9 Leases Leases are classified as financ818ases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constsnt periodic rate of interest on the remaining balance of the liability- 1.10 Government grants Grants are credited to deferred revenue. Grants towards capital expenditure are released to the income and expenditure account over the expected useful lrfe of the assets. Grants towards revenue expenditure are released to the income and expenditure account as the related expenditure is incurred. Judgements and key sources of estimation uncertalnty n the application of the company's accounting policies. the directors are required to make judgements. estimates and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on hlstorical experience and other factors that are considered to be relevant. Actual results may dFffer from these estimates. The estlmates and underlylng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which Ihe estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Incomlng resources An analysis of the companVs incoming resources is as follows: 2023 2022 Incomlng resources Incoming resources from charitable activities other incoming resources 503.968 500.812 503,968 500,812 12-
CDM COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Operatlng surplus 2023 2022 Operating deficit for the year is stated after chargingl(crediting): Fees payable to the companws auditor for the audit of the companys financial statements Depreciation of owned tsngible fixed assets (Profit)Iloss on dlsposal of tsngible fixed assets 3,310 65,721 3,070 53,290 2,838 Employeos The average monthly number of persons (excluding trustees) employed by the company durlng year was: 2023 Number 2022 Number Total 16 16 16 Taxatlon The association is a registered charity and thus is not liable to pay corporation tax. Tanglble fixed assets Plant and machlnery et Cost At 1 April 2022 and 31 March 2023 568,377 Depre¢latlon and Impalrment At 1 April 2022 Depreciation charged in the year 308,000 65,721 At 31 March 2023 373,721 Carrylng amount At 31 March 2023 194.656 At 31 March 2022 260,377 13-
CDM COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2023 Tanglble fixed assets (Continued) The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts. 2023 2022 Motor vehides 15,937 21.249 15,937 21.249 Depreciation charge for the year in respect of leased assets Debtors 2023 2022 Other debtors Prepayments and accrued income 47,222 17,786 89,435 83,846 65,009 173.280 Creditors: amounts falllng due wlthln one year 2023 2022 Obligations under finance leases Taxation and soclal security Accruals and deferred income 11 2.831 1,588 24,231 3.397 (4.141) 36,059 28,650 35,315 10 Caprtal Grant Reserv• 2023 2022 Notes Govemment grants 27.590 120,810 11 Finance lease obllgatlons 2023 2022 Future minimum lease payments due under finance leases: Within one year 2,831 3,397 2,831 3,397 14-
CDM COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Charltable status CDM Community Transport is a company limited by guarantee which has charitable status. The Company is registered with the Nl Chaiity Commission under registered charity number NIC 103418. 13 Exceptlonal It•ms In the financial statements for the year ended 31 March 2022 CDM Community Transport had mmItted to the purchase of a new Electric bus. A deposit and first payment on account amounting to a total of £71,761 had been included withln the prepayment figur8 of th& 2022 financlal statements. In the current financial year the supplier of the electrlc bus has gon8 into liquidation and there is no Indicatlon that the funds paid by CDM will be recoverable. For thls reason the financial statements for 2023 show exceptional items for the writing off of the prepayment and the associated capital grant. 15-
CDM COMMUNITY TRANSPORT MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 MARCH 2023
CDM COMMUNITYTRANSPORT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 DFI other Unrestrlcted Restricted Restricted Funds Funds Funds Total 2023 Total 2Q22 Incomlng resources Incomlng resources from generated funds Voluntary Income Donations A¢tlvltles for generatlng fvnds Room hire Investment Income Bank interest Total Incomlng resources from genorat funds Incomlng resources from charitable actlvltles Incom8 from Membershiplmini Bus Hire Assisted Rural Travel Scheme Dial a Lift Fare Income Disability Action SeiceS Mid Ulster District Council Rural Transport Funding 50.199 50.200 117,113 20,392 66,131 2,500 455,456 23.392 137,119 16.558 56.947 2.500 606.715 117.113 20.392 66.131 455.456 Total Incoming rosources from charftsble activltles 50.199 592,960 68,631 711,792 843,231 Transferred to capital grant (102.752) Transferred to Out and About Community Transport (207,823) (207,823) {239,666) Totsl incoming resources 50,199 385.138 68.631 503,969 500,813 16-
CDM COMMUNITY TRANSPORT DETAILED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 DFI Other Unrestrlcted Restrlcted Restrlcted Funds Funds Funds Total 2023 Total 2022 Resources expendèd Charltable actlvltles Dlrect costs Wag8s and salaries Social securlty costs Motor wnning expenses Tralning costs Advertising and promotion Uniforms Vehide depreciation Amortisation of capital grant Finance lease interest and charges 16,581 1.597 79.473 60 75 41 865 143,218 12,139 21,700 680 566 315 61.777 7.868 208 26.014 2.236 19,123 185,813 15,972 120.296 740 745 414 62,643 6,548 273 171,370 14,177 81,683 377 1,021 188 49,448 (15,958) 1.314 104 58 (1,320) 38 27 Total dlrect Costs 98,720 248.470 46,254 393,444 303.620 Support costs Wages and salaries Social security costs Water rates Rent Insurance Ligtht and heat Repairs and maintenance Printing, postage and ststionary Telephone Bank charges Software licence Sundry exp8nses Office equipment depreciation Amortisation of capital grant 9,092 1,127 19 994 150 404 69,100 8,562 148 7,553 1,144 3,070 4,625 1,097 2,855 534 5,054 11.062 17 (17) 12,729 1,577 27 1,391 211 566 90.921 11.265 195 9.938 1.505 4.040 4.625 128,895 11.080 9.891 2,664 2.862 4,509 1.309 7.960 533 6,650 7,810 3,842 (23) 144 376 58 665 202 526 96 931 3.757 689 6.650 11.062 3.078 {17} 3,061 Total support costs 16,091 114,803 18.256 149.152 188,166 Total charitable activlties 114,811 363,274 64.511 542.596 491,786 17-
CDM COMMUNITY TRANSPORT DETAILED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 DFI Other Unr8Strlcted Reslrlctod Restrlcted Funds Funds Funds Total 2023 Total 2022 Governance costs Wages and salaries Social security costs Legal and professional fees Accountancy 2,140 763 214 331 16,262 1,464 1,623 2,516 2.996 363 299 463 21,397 2.590 2.135 3.310 26,138 2.503 2,482 3,070 Total governance costs 3,447 21,864 4,120 29,432 34.193 Total resources expended 118,258 385,138 68,631 572,028 525.979 Exceptlonal Items: Coronavirus job retention scheme Electric bus prepayment written off Electric bus capitsl grant written off ProfiU(loss) on sale of tangible assets 11.336 {71,762) 71,762 (71,762) 71,762 (2.838) Net Incomlngl{outgolng) resources (68,059) (68,059) (16.668) 18-