Company Number: N1038364 Charity Number: NIC103505 Down Armagh Rural Transport Partnership IA company limited by guarantee. not having a share capltsl) Annual Report and Audited Financial Statements for the financial year ended 31 March 2023 Daly Park & Company Ltd Chartered Accountants and Statutory Audltors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Down Armagh Rural Transport Partnership IA company limited by guarantee, not having a share capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Auditor's Report 9-11 statement of Financial Activities 12-12 Balance Sheet 13 Notes to the Financial Statements 14-19
Down Armagh Rural Transport Partnership (A company Ilmlted by guarantee, not having a share capital) TRUSTEES, AND OTHER INFORMATION Trustees John Spiers John Magennis Robert John Verner John Kane Alan Gilmore William Archer (Resigned 22 February 2023) Charity Number in Northern Ireland NIC103505 Company Number N1038364 Registered Office and Principal Address 10 Charlestown Avenue Portadown Co. Armagh BT63 5ZF Northern Ireland Auditors Daly Path & Company Ltd Chartered Accountants and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Bankers Danske Bank 39 Market St Lurgan Co. Armagh BT66 6AB Northern Ireland
Down Armagh Rural Transport Partnership {A company limited by guarantge. not havlng a share capitsl) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Trustees, Annual Report. combining the Directors, Report and Trustees, Report, and the audited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial slalements in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Statemenl of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of Gharity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Down Armagh Rural Transport Partnership present a summary of its purpose, governan, activities, achievements and finanS for the financial year 31 March 2023. The company is a registered charity and hence the report and resulls are presented in a fom which complies wilh the requirements of the Companies Act 2006 and. although not obliged lo comply with the Statement of Recommended Practice {Charities SORP effective January 2015), the organisalion has implemenled its recommendations where relevant in these financial statements. Financial Results At the end of the financial year the company has assets of£779,923 (2022- £639,428) and liabilities of £245,590 (2022 - £33,023). The net assets of the company have decreased by £{72,072).
Down Armagh Rural Transport Partnership IA Company limited by guarantge, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 Trustees The trustees who setved throughout the financial year, except as noted, were as follows: John Spiers John Magennis Robert John Verner John Kane Alan Gilmore William Archer {Resigned 22 February 2023) Objectives and Activities Down Armagh Rural Transport (DART) provides affordable, accessiblé, community transport services in response to the needs of people living in the Craigavon and Banbridge area. DART secures grants and donations to support provision of subsidized transport for beneficiaries. DART deliver ServIS using community minibuses and volunteer's cars. DART provides informalion and advice lo enable people to avail of various means of travel to enable access to local servIs. DART works in partnership with other transport providers to ensure alternatives and linkages to othèr transport servIS are available for individuals and community organisations. Structure, Governance and Management Governin Document Down Armagh Rural Transport Partnership is a company limited by guarantee governed by ils Memorandum and Articles of Association. In the event of Ihe charity being wound up. the liability in the respect of the guarantee is limited to £1 per member of the charity. The company is under the control of the directors who are, therefore, acting trustees for the charity. ointment of actin Trustees l Directors As described in the Articles of Association a new director may be eligible for appointment if 21 days before the annual general meeting, written noti is deposited with the gIStered office of the intended proposal, signed by a member and signed by the person being proposed. so as to indicate hisl her willingness to be elected. Trustee Induction and Trainin New trustees are briefed on their legal obligalion under charity and company law. the conlent ofthe Memorandum and Articles of Association, the Board and decision-making processes and recent financial performance of the charity. Trustees are encouraged lo view the Charsties Commission website so as to gain a full understanding of trustee roles and responsibilities. Principal Achievements 2022-2023 Down Armagh Rural Transport (DART) Partnership Ltd, has continued to provide, through this accounting period, a range of public benefits through the development and delivery of a range of community-based transport and training services which reduce social exclusion and increase the quality of life for the most vulnerable and disadvanlaged in our community. In terms of service growth. passenger trips are up 51 Q/4 on the previous year with over 25.000 trips delivered as DART continues a well-established growth Irend in respect of the post-covid environment. with Dial-A Lift services back to post-covid levels. Accredited training services have grown by 300Vo Wlth 100 people training to accredited standards in either a MIDAS qualification or CPC Minibus D1.
Down Armagh Rural Transport Partnership {A company limlted by guarantee. not having a share capital} TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 The accounting year 2022-2023 has also seen DART attract major funding from the Molability Community Transport granl . This £600,000 funding subvention from Motability will allow DART to diversify into a range of non-core services such as delivering specialised transport inteNention to disabled children lo allow thém to participate more fully school extracurricular activities and facilitating broader access for disabled people to health and social events. All of these successfully funded services have been developed to meet some of the identified gaps in the accessible transport network. artpartnerthip.co.tJ The three-year funding provided through the (In,, Motability Community Transport Fund has also enabled DART to purchase two new aCSSIble minibus vehicles to add to the existing DART accessible minibus fleet. Additionally, DART Direct (DART'S social enterprise arm) has been providing full D1 minibus training during the accounting period for community drivers, through a social enterprise approach which offers a newly designed and fully structured training pathway for candidates to attain the professional driving qualification. As general concerns mount concerning the stability of Departmenl for Infraslructure core funding streams for Dial-A- Lift (DAL) and the Disability Action Transport servi (DATS), DART is acutely aware of Ihe pressing need to diversify further beyond core granl and reliance on annual grants into a more fully diversified social enterprise operation with an emphasis on creating sustainable income streams for transport and training services. Compliance with Sector-wide Legislation and Standards The company engages pro-actively with legislation, standards and codes which are developed for the sector. Down Armagh Rural Transport Partnership subscribes lo and is compliant with the following.. The Companies Act 2006 The Charities SORP (FRS 102) Reserves Policy The Reserves policy has been updated during the course of the current year by the trustees. A new free reserves target of £232.000. equivalent to six months running costs, has been agreed. The capital replament reserve target is still £280,000, which the trustees feel would be sufficient for the replament of fleet vehicles and acSsible equipment as they reach the end of their natural life cycie. No change was made to the contingency reserve. The Trustees feel that these levels of reserves are essential to enable the Charity to continue to provide its activities for the foreseeable future. The Reserves Policy is an integral part of the charity's planning, budget and forecasts.
Down Armagh Rural Transport Partnership IA company limited by guarantee, not havlng a share ¢apitsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Public Benefit In setting our objectives and planning our activities for the year the trustees have gtven ¢areful ¢onsideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped achieve the charity purposes and provide a benefit lo the beneficiaries. Down Annagh Rural Transport (DART) Partnership exists to develop, deliver and maintain not-for-profit accessible community transport options for the public benefit of our members. Our public benefft provided through ourtransport setvices reduces social isolation and social exclusion by reaching the hard to reach and providing aesS to essential sepiices and connections to the wider community. Our seNices improve the quality of life and health and well-being for our users by enabling acSS to health and medical facilities. DARTS services also target social need by facilitating acce5S to training and employment opportunities for our members. Our organisalion is committed to community development prfnciples and we work in close partnership with other organisations and charities engaged in promoting the relief of persons who are in need through Ihe provision of appropriate services. Other direct benefits include the promotion of volunteering and training which provides public benefit to groups and communities and Ihe provision of accredited driver training which enhances the skills and personal development of community volunteers. Auditors The auditors, Daly Park & Company Ltd. (Chartered Accountants) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006. Cerknfication Statement We confirm that the DFI grant has been used solely for the purposes intended and in accordan with the lerms and conditions of the grant. Approved by the Board of Trustses on L1 . L . 2 3 and signed on its behalf by: John Spiers Director John Magenni Dlrector
Down Armagh Rural Transport Partnership (A company limlted by guaranteo. not having a share capltal) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2023 The trustees. who are also directors of Down Armagh Rural Transport Partnership for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors to prepare financial ststements for each financial year. Under that law the trustees have ele¢led to prepare the financial statements in accordance with United Kingdom Generalty Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland" Under company law the trustees must not approve the financial statements unless they are satisfied that Ihey give a true and fair view of the slate of affairs of the company and of the net income or expenditure of the company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consislently., observe the methods and principles in the Charities SORP make judgements and estimates Ihal are reasonable and prudent.. state whether the financial statements have been prepared in accordance with the relevant financial reportrng framework, identify those standards. and note the effect and the reasons for any material departure from Ihose standards- and prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the company will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Iruslees are aware.. there is no relevant audit infom)ation (information needed by the company's auditor in connedion with preparing the audito¢s report) of which the company's auditor is unaware. and the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and lo establish that the company's auditor is aware of that information. Approved by the Board of Trustees on and signed on its behalf by: John Spiers Director John Mage Dlrector nls
INDEPENDENT AUDITOR'S REPORT to the Members of Down Armagh Rural Transport Partnership {A company limited by guarantee, not having a share capital) Report on the audlt of the financlal statements Opinion We have audited the company financial statements of Down Armagh Rural Transport Partnership ('the company,) for the financial year ended 31 March 2023 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account). the Balance Sheet and noles lo the financial statemenls, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 "The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland" and Accounting and Reporting by Charilies: Statement of Recommended Practi applicable to charilies preparing their accounts in accordan with FRS 102. In our opinion, when reporting in accordance with a fair presentation framework the financial statements.. give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its deficil for the financial year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wilh the requirements of the Companies Acl 2006 and the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK} (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditols responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with 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 accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stalements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any matetial uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the company's ability to conlinue as a going concern for a period of at least Iwelve months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the tnjstees with respect to going concern are described in the relevant sections of this report. Other Information The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The trustees are responsible for the other infomiation contained within the annual ieport. Our opinion on the financial stalemenls does not cover the other information 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 information and. in doing so. consider whether the other information is materially inconsistent with the financial slalements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misslated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a malerial misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the Trustees, Annual Report for the financial year for which the financial ststements are prepared is consistent with the financial statements,. and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Down Armagh Rural Transport Partnership {A company limited by guarantge. not having a share capital Matters on which we are required to report by exception In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatemenls in the Trustees, Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us lo report to you if. in our opinion: adequate accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees. remuneration specified by law are not made., or the trustees were not enlitled to prepare the financial slatements in accordance with the small companies regime and take advantage of the small companies, exemption in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements As explained more fully in the Statement of Trustees, Responsibilities set out on page 6, the trustees are responsible for Ihe preparation of the financial statements and for being satisfied Ihal Ihey give a true and fair view. and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstalement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless management either intends to liquidale the company or to cease operations, or has no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether Ihe financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an Audilor'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 with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered malerial 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 ststements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. oullined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below= There is an inherent difficulty in detecting irregularities during audit. However the effectiveness of entity's controls, the nature and extent of audit prOdureS performed, gives us confidence in detecting irregularities Further information regarding the scope of our responsibilities as auditor As part of an audit in accordance with ISAS (UK), we exercise professional judgemenl and maintain professional scepticism throughout the audit. We also.. Identify and assess the rÈsks of material misstatement of the, whether due to fraud or error, design and perform audit procedures responsive to Ihose risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatemenl resulting from fraud is hi9her than for one resulting from error. as fraud may involve wllusion, forgery, intentional omissions, misrepresenlalions. or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Irustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit eviden obtained. whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concem. If we conclude that a material uncertainly exists, we are required to draw attention in our Auditorfs Report to the related disclosures in the financial statements or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Audilorfs Report. However. future events or conditions may cause the company to cease to continue as a going wncern. Evaluate the overall presentation. structure and content of the financial statements. including the disclosures, and whether Ihe financial statements represent the underlying Iransactions and events in a manner that achieves fair presentation. 10
INDEPENDENT AUDITOR'S REPORT to the Members of Down Armagh Rural Transport Partnership IA company Ilmited by guarantee. not having a share capital) We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the company's members. as a body, in accordance with Chapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so thal we mighl state to the company's members those matters we are required to state to them in an auditols report and for no olher 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 members as a body, for our audit work, for this report, or frjr the opinions we have formed. Ruairi aginn enior Statutory Auditor) for and on b If of DALY PAR COMPANY LTD Chartered Accountants and Slatutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland /G6/aQ23 11
on(r) cO- (oom (OG)
Down Armagh Rural Transport Partnership IA company limitsd by guarantee. not having a share capital) Company Number: N1038364 BALANCE SHEET as at 31 March 2023 2023 2022 Notes Fixed Assets Tangible assets 28.132 93,491 Current Assets Debtors Cash at bank and in hand 10 64,523 687,268 112,947 432,990 751,791 545,937 Creditors: Arnounts falling due within one year 11 (10,475) (33,023) Net Current Assets 741,316 512,914 Total Assets less Current Liabilities 769,448 606,405 Grants receivable 12 {235,115) Net Assets 534,333 606,405 Funds DFI Restricted funds Other funds". Restrtcted trust funds Unrestricted designated funds General fvnd (unrestricted) 17.934 13 82,841 297,500 153,992 65,508 522.963 Totsl funds 14 534,333 606,405 These financial statements have been prepared in a¢cordan¢e with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Approved by the Board of Trustees and authorlsed for Issue on behalf by and signed on its John Spiers Director John Magennis Director -•k. Y) A- The noles on page5 14 to 19 fo part ofthe financial statements 13
Down Armagh Rural Transport Partnership IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION Down Armagh Rural Transport Partnership is a company limited by guarantee incorporated in Northern Ireland. The registered office ofthe company is 10 Charlestown Avenue, Portadown, Co. Armagh. BT63 5ZF, Northern Ireland which is also the principal place of business of the company. The financial stalements have been presented in Pound Sterling (£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the tharily's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include cerlain ilems at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As pemiitted by the Companies Act 2006, the company has varied the standard formats in that act for the Slatement of Financial Activities and the Balance Sheet. Departures from the standard formats are lo comply wilh Ihe requirements of the Charities SORP and are in Complian with section 4.7. 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Cash ftow statement The company has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it 15 classified as a small company. Incoming Resources Voluntary income or capital is included in the Statement of Financial Aclivities when the company is legally entiued to it, ils financial value can be quantified with reasonable certainty and there is reasonable cerlainly of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until eamed. Grants for activities are iecognised as income when the related conditions for legal entitlement have been mel. All other income is accounted for on an accruals basis. Tangible fixed assets and depreciation Tangible fixed assets are staled at cost or at valuation, less accumulated depreciation. The Charge lo depreciation is calculated to write off the original Cost or valuation of tangible fixed assets, less their estimated residual value, over their expected usefijl lives as follows= Land and buildings freehold Fixtures, fittings, and equipment Motor vehicles 200/0 Straight line 50 % Straight line 50 % Straight line Debtors Debtors are recognised at the setuement amount due afler any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-founders. but not yet received at financial year end. is included in debtors. Cash at bank and In hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months, notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. 14
Down Armagh Rural Transport Partnership IA company limited by guarantee, not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 INCOME DONATIONS AND LEGACIES Other DFI Restricted Restricted Funds Funds 2023 2022 Unrestricted Funds Grant income- Disability Action Transport Scheme Grant income-Assisted Rural Transport Scheme DFI BluelGreen Infrastructure Other Restricted Funds 146,879 146,879 186,200 32,160 32,160 33,881 -17,934 -17,934 113,853 113,853 51,491 Grant Income 260,732 14,226 274.958 271.572 OTHER CHARITABLE ACTIVITIES DFI Unrestricted Restricted Funds Funds 2023 2022 DFI Rural Transport Funding DAL Generated Fare Income Transport Services & Training 106,602 2,759 106,602 2.759 8,746 121.490 2,523 75,960 8,746 8,746 109,361 118,107 199.973 INVESTMENTS Unrestricted Restricted Funds Funds 2023 2022 Investments 77 77 353 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Direct Service Delivery Costs Despatch Function Costs Administration & Support 207,362 132,024 52,361 1.334 12,128 60,005 208.696 144,152 112,366 252,767 100.326 144,254 391,747 73,467 465,214 497.347 ANALYSIS OF SUPPORT COSTS 2023 2022 Depreciation General Office costs General expenses Bank fees Audit fees 34,855 31.194 4,486 332 2,600 58.035 34,547 6,852 233 2.113 73,467 101.780 15
Down Armagh Rural Transport Partnership IA company limlted by guarantee, not havlng a share capitsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after chargingl(creditingl: Depreciation of tangible assets DeficiU{surplus) on disposal of tangible fixed assets Auditols remuneralion: audit services Grants receivable received 34.855 18,085 58,035 (3,600) 2,600 2,113 {9,916) INVESTMENT AND OTHER INCOME 2023 2022 Revenue grants received Bank interest 9.916 353 77 77 10.269 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive trustees) during the financial year was as follows.. 2023 Number 2022 Number Employees 12 10 The staff costs comprise.. 2023 2022 Wages and salartes Pension costs 140.354 9,833 126,956 12.162 150,187 139.118 TANGIBLE FIXED ASSETS Land and Fixtures, buildings fittings and freehold equipment Motor vehicles Total Cost At 1 April 2022 Additions Disposals 24,254 7,208 271.642 295,896 15,708 (96,310) 8,500 (96,310) At 31 March 2023 8,500 31,462 175,332 215.294 Depreciation At 1 April 2022 Charge for the financial year On disposals 22.048 4,707 180,357 28,448 {50,098J 202.405 34,855 (50,098) 1,700 At 31 March 2023 1.700 26,755 158,707 187,162 Net book value At 31 March 2023 6,800 4.707 16.625 28,132 At 31 March 2022 2.206 91.285 93.491 16
Down Armagh Rural Transport Partnership {A company limited by guarantee. not having a share capltall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 10. DEBTORS 2023 2022 Trade debtorslprepayments Amounts owed by related parties other debtors-DFI Other Other deblors-DFI BluelGreen Infrastructure Fund Other debtors-ABC Covid & Essentials Fund Other debtors-Restrrcted Disability Action Transport Scheme Other debtors-Dart Direct 30.434 3,837 3,067 12,713 3.837 11,931 17,934 5,000 41,411 3.830 13,930 3,830 Taxation and social security Costs 9.425 16,291 64,523 11*,947 11. CREDITORS Amounts falling due within one year 2023 2022 Taxation and social security Costs Accruals and deferred income-other accruals Accruals and deferred income- DFI Bluel Green Infrastruclure Fund 5.219 5,256 4.879 3,617 24,527 10,475 33,023 12. GRANTS RECEIVABLE 2023 2022 Capital grants received and receivable Increase in financial year 235,115 In the year ended 31 March 2023 Down Amiagh Rural Transport Partnership had committed to purchase several motor vehicles. Mobility grant funding was secured and received at the year end. The grant's recognition is conditional upon delivery of the motor vehicles which are due to be purchased and delivered within the next twelve months. 13. RESERVES 2023 2022 At 1 April 2022 Deficit for the financial year 606,405 (72.072) 621.238 {14,833) At 31 March 2023 534,333 606,405 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Other DFI Restricted Restricted Funds Funds Total Funds Funds At 1 April 2021 Movement during the financial year 366,486 156,477 148,056 {82.548) 106.696 {88.762) 621,238 (14,833) At 31 March 2022 Movement during the financial year 522,963 (71,471) 65.508 17.333 17,934 (17,934) 606.405 (72,072) At 31 March 2023 451,492 82,841 534,333 17
Down Armagh Rural Transport Partnership IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers between funds Balance 31 March 2023 DFI Restricted Funds DFI Bluel green Infrastructure Fund Assisted Rural Transport Scheme DAL General Fare Income DFI Rural Transport Funding 17,934 -17,934 32.160 2,759 106.602 32,160 2,759 106,602 17,934 123,587 141,521 Other Restricted funds Disability Action Transport Scheme Armagh City Banbridge & Craigavon Borough Council The National Lottery Community Fund Southern Health & Social Care Trust Rank Foundation 146,879 {2,400) 146,879 419 5,000 2,181 50,621 62,000 71.702 40,919 9.887 20,253 10,561 19,579 34,000 13,838 20,162 65,508 260,732 243.399 82.841 Unrestricted funds Unrestricted - Capital Replacement Unrestricted - Contingency Unrestricted General 280,000 280,000 17.500 225,463 17,500 153.992 8,823 80.294 522,963 8.823 80.294 451,492 Total funds 606,405 393,142 465,214 534,333 14.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current assets Current liabilities Deferred Grant income Total DFI restricted Funds Mobility restricted grant (235,115) (235,115) Other restricted fvnds 82,841 82,841 Unrestricted general funds 28,132 668,950 {10,475) 686,607 28,132 751,791 {10,475} {235,1151 534,333 18
Down Armagh Rural Transport Partnership IA company limited by guarantse, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 15. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members. or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members. and the costs, charges and expenses of winding up. and for the adjustment ofthe rights of the contribulors among themselves, such amount as may be required, not exceeding £ 1. 16. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 19