Company Registration No. N1607512 {Northern Ireland} Reglstered Charlty No. NIC103418 CDM COMMUNITYTRANSPORT la company limited by guarant801 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CDM COMMUNITYTRANSPORT COMPANY INFORMATION Trustees W Mayne MBE F Burton L Hughes M O'Neill MBE S Donnelly M Farquhar B Scullion Chalmian Mayne MBE Secretary M O'Neill MBE Company number N1607512 Reglstered office Unit 4 Derryloran Business Centre Cookstown Co Tyrone BT80 9LU Audltor David Lyttle + Co Ltd Station House 46 Molesworth Street Cookstown Co Tyrone BT80 8PA Buslness address Unit 4 Deryloran Business Centre C¢Jokstown Co Tyrone BT80 9LU Bankers Bank of Ireland 32 James Street Cookstown Co Tyrone BT80 8LU Sollcltors Doris and Macmahon 63 James Street Cookstown Co Tyrone BT80 8AE CDM COMMUNITY TRANSPORT CONTENTS Page Trustees, report Trustees, responsibilities statement Independent auditorfs report statement of financial activities Balance sheet Slatsment of changes in equity 10 Notes to the finanaal statements The following pag8s do not forTn part of tha statutory financial statèments Detailed statement of financial activities 16-18 CDM COMMUNITY TRANSPORT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Th8 trust88s present their r8POrt and financial statements for the year ended 31 March 2024. Background CDM Community Transport ICDM) was established in 2013 as a result of th8 merger of Cookstown Rural Community Transport and Dungannon and District Community Transtx)rt. CDM Community TransFK)rt is a company limited by guarantee wth charitable Ststus that has been established to provide the transport services, previously carried on by Iwo organisations in Cook51own and Dungannon. The new company will also acl as lead Lody to administer DFI fundirwJ to the exi51ing Magherafelt organisation - Out and About Comrnunity Transport. CDM Community Transport operates on a 1 Ob pemit. Only registered members can avail of the transport services. Structure, governance and management The organisation is a company limited by guarantee and does not have share capilal. The company is a registered ¢harity With the Nl Charities Commission from the 15 December 2015 (chartty number. NIC 103418). The company was established under a Memorandum and Articles of Association, which established the objects and powers of the Gharitable company, and is governed under its Articles ofAssociation. CDM Communlty Transport has a cross-communtty focus and is managed by the tfustees who are elected annually and representatives must be elected from both council areas. The appointment of trustees is in accordance viith the charitys Arbdes of Asso(?ation. whereby eath member will be entitled to nominate one person only in vrriting not less than seven days before the date of the Annual General Meetlng. The trust88s (who are also the directots for the purposes of company law) vtho served during the year were: W Mayne MBE F Burton L Hughes M O'Neill MBE S Donnelly M Farquhar B Scullion CDM COMMUNITYTRANSPORT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and actlvltles The objects and activities of the charity are: 1. To provide safe, accessible door-ttrdoor transport to members. esPe￿allY the most disadvantsged m8mb8rs Ilvlng in the rural areas of Mid Ulster.. -providing an accessible vehicle whith can collect people from their homes and take them to the required destination -training drivers to th8 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 participation in the project -ensuring that staff who deal with disabled members are trained in Customer Care and Passenger Assistance -utilising the most Gost-effe¢tive vehicle in the provision of demand led rural transport services -making the small vehicle available to families vtho have a disabled family member. 2. To provide a doOr-tr￿dO0r service to members living in rural arèas where there is littk8 or no other fonn of suitable transport available: -increasing the database of volunteer drivers who are willing to give up their Spare time for the benefit of others -provide disability awareness training and First to suitable volunteers -raising awareness, especially in rural village5 and hamlets -¢Ovordinating volunteer availabilty with demand in specrfic areas of the district -providing regular support, training and information for volunteer drivers -liaising with other community and voluntary activists in servicE provision to disadvantsged groups and individuals. 3. Increase the efficiency and effectiveness of local transport resources wilh a onethStOP-shop: -providing infomation and advice to members on various suitable modes of transport -building up relationships wth private operators and taxi owners in the district -working collective5y with Northem Ireland's wider nefvlork of Rural Community Transport Partnerships to lobby and advocate for change on issues affecting the Communty Transport sector. -providing a feeder service to the Public Transport -providing infonnation on training available to other voluntary organisations, espeaally those who 0￿rat8 thair own transport. 4.CDM Community Transport have been providing Disability Action Semces from April 2013. CDM COMMUNITY TRANSPORT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perforniance The company has during the year endeavoured: -to provide Dial a lift s8Mces to registered members living in rural arèas of Mid Ulster who have no access to public transport. -to provide free or /2 fare travel to members who have a verified smartpass. -to continue to provide group hire on either a %vith' or ￿lthOUt driveV basis, At present CDM Community Trar6port have 339 group memberships. 1.450 individual members and 362 DAT members. The directors confimi that the RTF and ARTS grant has been used solely for the purposes intended and in acwrdan¢e with the tefms and conditions of grant. Motablllty Foundatlon Fundln9 CDM along with three Rural Community Transport Project Partners {Easilink Communty Transport, Femianagh Community Transport and North Coast Community Transport) We￿ successful in securing £3.42 million of funding over a 3 year period from the Molabilty Foundation through their'community Transport Grant Programme. The project will increase the quality of life for people living Y￿1h disabilities. mobilty issues and the eldedy, by providing improved transport options across each respective area. The programme consists of 4 key strands: delivery of passenger trips to disability Centred groups- investrnent in a fleet of 23 fit for purpose accessible mini- buses. a driver training and employment programme.. and the establishment of a scheme to provide Iransport to regional hospital and health appointments. Donnant Funds- Moving Forward Project We have also been successfijl in our application to Domiant Funds to support for 2 years the development of a new 3 year Strategic Plan and some associated work around govemance. updated HR policy work as well as an opportunity to strengthen skills of the existing workforce. CDM COMMUNITYTRANSPORT TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal Revlew The results for the year are set out on page 7. These and the financial position at the year end were considered satisfactory by the trustees. Addtbonal Sour￿ of funding were recetved in this financial year, from Domiant Accounts Nl and from Molabilty. The trustees will conduct annual reviews of the appropriate level of unrestricted reserves. The purpose of this reserve is to provide stability for the charity to ensure that it is able to honour existing contractual obligations, lo upgrad8 e￿stIng capital equipment, to cover unforeseen events beyond the company's control and to enable it to continue its operats'ons in the unlikely event of a significanl fluduation in expenditure or income. The board has an ongoing programme of ¢3pitsl replacement due to high maintenance and running costs. The committee aim to build reserves of 3 to 6 months of annual expenditure, to meet financial ¢ommitments, 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 ¢ease. The committee c￿￿endY estimate the provision for redundancy to be £72,630. Thts may be achieved by increasing eamed income or reducing expenditure. The present level of reserves available lo the charity is £235.931 and this is considered satisfactory. Of this amount, £131.787 is held in cash al bank and in hand. Auditor David Lyttle + Co Ltd were appointed audtior to the company and in acclirdance 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 dlsclosure to audltor So far as the trustees are aware. there is no rdevant audrt information of which th8 CoMpan￿S auditor are unaware. Additionally. the trustees have tsken all the necessary steps that trustees oughl to have taken as trustee in order to make themselves aware of all relevant audtt InfO￿atIOn arKI to establish that the companvs auditors are aware of that infomiation. This report has been prepared in accordance with the prowsions appli¢able to companies entit￿d to the small companies exemption. On behalf of the board W Mayne MBE Trustee 27 June 2024 CDM COMMUNITYTRANSPORT TRUSTEES. RESPONSIBILITIES STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requlres the trustèes to prepare financlal statements for each financial year. Under that law the trustees have elected lo prepare the financial statements in accordance with United Kingdom Generally Acceptèd Accounting Pra￿1￿ (United Kingdom Accounting Standards and applicable law). Th8 financial ststements are required by law to give a true and fair view of Ihe stste 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 a￿ required to= select suitable accounting policies and then apply them consistentiy", make judgements and estimates that are reasonable and prudent. prepare the financial statements 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 time the financial position of the charity and enable them to ensure that the financial statements comply wilh the Companies Ad 2006.They are also responsible for safeguarding the assets of the Gharity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. CDM COMMUNITY TRANSPORT INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CDM COMMUNITY TRANSPORT Opinion We have audlted the financial statements of CDM Community Transwrt (the 'companl) for the yéar ended 31 March 2024 which comprise . the statement of changes in equity and notes to the financial statements, including significant accounling policies. The financial reporting framework that has been applied in their preparab'on is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial Repo￿ng Standanl applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financlal statements: give a tNe and fair view of the stste of the companvs affairs as at 31 March 2024 and of its deficit for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepled Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Stsndards on Audtling (UK) {ISAs {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities ft)r the audit of the financial statements section of our report. We are independent of the company in accordance wth the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical ￿SPOnSIbl11￿eS in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concem. 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 sel forth in Note 1.2, indicale that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concem. Our opinion is not modtfied in respect of this matter. In auditing the financial statements, we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibililies and the responsibilities of the directors with resped to going Concem a￿ described in the relevant sections of this report. other infomialion The other infomation comprises the Infomatlon Induded In the annual report other than the financial stalements and our audit0￿S report thereon. The directors are responsible for the other infomiation contsined within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other infoThation and, in doing so. consider whether the other infomation is materially incon51Stent with the financial statements or our knowledge obtained in the ￿urse of the audit, or otherwis8 appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine whether this gives rise to a malerial rnisstatemenl in the financial statements themselves. If, based on the work we have perfomied. we c¢)n¢lude thal there is a material misstatement of this olher information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent wth the financial statements: and the trustees, report has been prepared in accordance with applicable legal requirements. CDM COMMUNITYTRANSPORT INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF CDM COMMUNITY TRANSPORT Matters on which we are required to report by exception 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 misstatements in the truslees, report. We have nothing to report in respect of the following matters Whe￿ the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept. or retums adequate for wr audit have not been reGeived 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 specffjed by law are not made; or we have not received all the infomation and explanations we require for our audit: or the dire¢lors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemption in preparing the directors, report and take advantage of the small companies exemption from the requirement to prepare a strategic report. Responsibilities of directors As explained more fully in the directors, responsibilrlies statement, the directors are responsible for Ihe preparatlon of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the directors d81ermine is necessary to enable the preparalion of financial statements that are fre8 from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responslble for assessing the company's ability to continue as a going concem, 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 altematiV8 but to do so. Auditor's responsibilities for the audlt of tho financial statements Our objedives are to obtain reasonable assurance about whether the finanaal statements as a whole are free from material misstatement. whether due to fraud or error. and lo issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee Ihat an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misstatements can aris8 from fraud or error and are considered malerial rf. 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 description of our responsibiltties is available on the Financial Reporting Council's website at: https:11 ww.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report. This report is made solely to the companvs members. as a body, in accordance with Chapler 3 of Part 16 of the Companies Act 2006. Our audtt work has been undertaken so that we might state to the company's members those matters we are required to stal to them in an auditorfs report and for no other purpose. To the fullest exlenl permitted by law. we do not acc or assume responsibility lo anyone other than the company and the company's membe s. as a body, for our au ork. for this report, or for the opinions we have formed. Wea also asked to confirm t accordance with term the granl provided by the DFI has been used solely for the purposes intended and conditions of the grant and can confirm this to be the case. 27 June 2024 cGeagh (Senio ta on behalf of Davld Lyttle + Co Auditor) fora Station House 46 Molesworth Street Cookslown BT80 8PA Chartered Accountants Statutory Auditor CDM COMMUNITY TRANSPORT STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 DFI Other Unrestricted Restricted Restricted funds funds funds 2024 Total 2023 Total Incomlng resources Incoming resouros from generaled funds 856 856 Incoming resources from ¢harilable activities 48.761 521,626 118.868 689.259 711,792 Transferred to capital grant Transferred (toyfrom deferred income reserve Transferred trj Out and About Ccrfnmunity Transport {193.491) {193,4911 (207,8231 Total Incoming resources 49,617 328,135 118,868 496,624 503,969 Resources expended Charitable activities Governance Costs 78,730 4.138 305,073 23,062 105,758 13.110 489,564 40,311 542,596 29,432 Total resources expendod 82,868 328.135 118,868 529,875 572,028 Exceptlonal Items: Profitl(loss) on sale of tangible assets Electric bus prepayment written off Electric bus capital grant written off 2,350 2,350 13 13 171.762) 71,762 Nel incomingl(outgoing} resources (30.901) (30,901 } 168,059) Movement in designated capital reserve Net movement In funds (30.901) (30.901) (68,059) Total funds brought forward at 1 April 2023 266.832 266,832 334.891 Total lunds carried forward at 31 March 2024 235,931 235.931 266,832 The statement of financial activities has been prepared on the basis that all operations are continuing operations. There ar8 no recognised gains and losses other than Ihose passing through the statement of financial actiwties. CDM COMMUNITYTRANSPORT BALANCE SHEET AS AT31 MARCH 2024 2024 Total 2023 Notes Tangible assets 287,910 194,656 Current assets Debtors Cash at bank and in hand 89,598 131.787 65,008 63,407 221.385 128,415 Creditors: amounts falling due within one year (107.790) (28,650) Net current assets 113,595 99,765 Total assets less ¢urrent Ilabllltles 401,505 294,421 Capltal grant reserve (165.5751 {27,590) 235.931 266,830 Income lunds un￿trA¢¢ed funds General reserves ReStrIct￿ funds 235,931 266.832 Totsl charlty funds 235,931 266.832 The directors of the Company have elected not to include a copy of the profit and loss account ￿thIn the financial statements. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companles, regime. The finanoal statements Were approved by the board and aulhorised for issue on 27 June 2024 and are signed on its behalf by- W Mayne MBE Trustee Company Reglstration No. N1607512 CDM COMMUNITYTRANSPORT STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2024 shares Income and expenditur8 account Total Balance at 1 Aprll 2022 334.891 334,891 Year ended 31 March 2023: Loss and total comprehensive income for the year (68.059) (68,059) Balanco at 31 March 2023 266,832 268,832 Year endod 31 March 2024: Loss and totsl comprehensive inwme for the year 130,901) {30,901) Balance at 31 March 2024 235,931 235,931 10- CDM COMMUNITY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollclos Company Informatlon CDM Communty Transport is a private company limited by guarantee incorporated in Northem Ireland. The registered office is Unit 4. Deryloran Business Centre. Cookstown. Co Tyrone. BT80 9LU. 1.1 Accountlng Convention The financaal statements have been prepared in accordan￿ with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prèparing their accounts in acwrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} effeclive 1 January 20151- (Charities SORP IFRS 102)). the Finan￿al Reporting Stsndard applicable in the UK and Republi¢ of Ireland (FRS 102) and the Companies Act 2006. CDM Communty 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 slated in the relevant accountancy policy note(s). The financial statements are prepared on a going concem basis. 1.2 Fund accounting Unfestricted fvnds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restrlcted funds are subjected to restrictions on their expenditure imposed by the provider of the funds. 1.3 Tanglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Dep￿CiatIon 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 fumiture and ffttings Computer equipment Molor vehicles 25Yo reducing balance 33.33% straight line 20% reducing balance Followng a review of depreuation pdicies during the year it was decided to amend the depreciation rate applicable to Motor Vehicles to 200/0 reducing balance as this better reflected the useful economic lrfe. prevailing Ma￿et conditions, and expectstions of the Trustees. 1.4 Cash and cash equlvalents Cash and cash equivalents are basic financial assets and indude cash in hand, deposits held at call wilh banks, other short-temi liquid investrnents with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within bo￿owingS in current liabilities. 1.5 Flnancial instruments The company has elected to apply the provisions of Section 11 'Basic Financial InstTuments' and Seclton 12 'Other Financial Instruments Issues, of FRS 102 to all ol its financial instruments. Financial instruments are recognised in the companvs balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial stalements. when there is a legally enforceable right to set off the récognised amounts and there is an intention to settl8 on a net basis or to realise the asset and settle the liability simultaneousty. 11 CDM COMMUNITYTRANSPORT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Icontinuod) Baslc financial assets Basic finanoal assets. which include debtors and cash and bank balances, are initially measured at transaction price induding transaction costs and are subsequentiy carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets dassified as receivable within one year are not amortised. Classlflcgdon of Ilnan¢lal Ilablllties Financial liabilities and equity instruments are dassffied according to the Substan￿ of the ¢ontra¢tual arrangements entered into. An equty instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Baslc Ilnanclal Ilabllltles Basic financial liabilitses. including creditors, bank loans, loans from fellow group companies and preference shares that are classifi8d as debt, are inttially recogni5ed at transaction price unless the arrangement constitutes a financing transaction, wh8re 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 within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligalK)ns to pay for goods or seNices that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non