Company Registration Number- N1038364
Charlty Number.. NIC103505
Down Armagh Rural Transport Partnership
{A Company limited by guarant99, not havlng a sham capital)
Annual Report and Audited Financial Ststsments
for the financial year ended 31 March 2024
Daly Park & Company Ltd
Chartered Accountants and Statutory Audltors
4 Carnegle Street
Lurgan
Co. Annagh
BT66 6AS
Northern Ireland

Down Armagh Rural Transport Partnership
IA company limitèd by guarantee. not having a sharè capitsl}
CONTENTS
Page
Trustees, and Other Information
Trustees. Annual Report
Statement of Trustees, Responsibilities
Independent Auditols Report
8-10
ststement of Financial Activities
Balance Sheet
12
Notes to the Financial Statements
13-18

Down Armagh Rural Transport Partnership
IA company limited by guarantee, not havlng a sharè capital)
TRUSTEES. AND OTHER INFORMATION
Trustegs
John Spiers
John Magennis
Robert John Verner
John Kane
Alan Gilmore
Charity Number in Northern Ireland
NIC103505
Company Registration Number
N1038364
Registered Office and Prlnclpal Address
10 char￿StoWn Avenue
Portadown
Co. Amiagh
BT63 5ZF
Northern Ireland
Auditors
Daly Park & Company Ltd
Chartered Accountants and Statutory Auditors
4 Carnegie Street
Lurgan
Co. Amiagh
BT66 6AS
Northem Ireland
Principal Bankers
Danske Bank
39 Market St
Lurgan
Co. Amiagh
BT66 6AB
Northern Ireland

Down Armagh Rural Transport Partnership
IA company Ilmlted by guarantee, not having a share capital)
TRUSTEES, ANNUAL REPORT
for the financial year ended 31 March 2024
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 2024.
The financial ststemen15 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 finanaal slalemenls in accordance with
the Financial Reporting Standard applicable in the UK and Republie of Ireland IFRS 1021.
The Trustees. Report contains the infomation required to be provided in the Trustees, Annual Report under the
Statement of Recommended Practice {SORPI guidelines. The trustees of the company are also charity trustees for
the purpose of charity law and under the company's constitution are known as members of the board of Iruslees.
In this report the trustees of Down Amagh Rural Transport Partnership present 8 summary of ils purpose,
govemance. aclivilies. achievements and fInan￿S for the financial year 31 Mar¢h 2024.
The company is a registered charity and hen￿ the report and results are presented in a fom which cornplies with the
requirements of the Companies Act 2006 and, although not obliged to comply with the Slalemenl of Recommended
Practi￿ (Charities SORP effective January 20151, the organisation has implemented ts recommendations where
relevant in these financial statements.
Mission. Objectives and Strategy
Alms & Objectives
Down Armagh Rural Transport IDARTI provtdes affordable, accessible. eommunity 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 beneficiar￿$. DART deliver services using community minibuses and volunteerfs
cars.
DART provides infornalion and advice lo enable people to avail of various means of travel to enable access to local
servtces. DART works in partnership with other transport providers lo ensure alternatives and linkages lo other
transport serVI￿S are available for individuals and community organisations.
Structure, Governance and Managgment
Structure
Governin
Document
Down Armagh Rural Transport Partnership is a company limited by guarantee governed by its Memorandum and
Articles of Association. In the event of the 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 ofAssociation a new director may be eligible for appointment if 21 days before the annual
general meeting. written noti￿ is deposited with the registered office of the intended proposal, signed by a member
and signed by the person being proposed, so as lo indicate hisl her willingness to be elected.
Trustee Induction and Trainin
New trustees are brtefed on their legal obligation under charity and company law. the eontent of the Memorandum
and Articles of Association. the Board and decision-making processes and recent financial performance of the charity.
Trustees are encouraged lo vvèw the Charities Commission website so as lo gain a full understanding of Iruslee roles
and ￿sPOnsIbl11t1e5.
Roviow of Activities. Achlevements and Performance
The accounting year has On￿ again been marked by ongoing uncertainty surrounding the stability of public finances,
leading to a precarious 511ualion that has pul the continuance of publicly fvnded community transport at risk across
Northern Ireland. This environment of short-temi and discretionary publie funding cycles continues lo negatively
impact community transport services for vulnerable users through a policy of managed decline. charaeterized by a
discretionary approach lo services and the perpetual salami slicing of budgets.
Since 2018. DART has experienced 8 35% real-tem reduction in fvnding. Despite this ¢Jedine, there has been an
increase in demand, accompanied by significant rises in business and operational costs for providing services lo
users of Dial-A-Lift {DAL} and Disability Action Transport SeNice {DATSI. In response to these pressures, DART has
focused on cost reduction and accelerating the digilalization of services to reduee back-offi¢e expenses. During the
last accounting period, DART ￿Mpleted approximately 25,000 trips, despite significant OFeralional reductions in

Down Armagh Rural Transport Partnership
IA company Ilmltèd by guarnnteÈ. not having a share capltal)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
seNiees due to annual DFI cuts.
In the 202312024 pericxj, DART has priorilized non-DFI services as a strategic imperative to de-risk the organizalion
and transition towards a community development hub model for future sustsinability. The Motability-funded Aece$s
Plus project had a successful first year, delivering 1.288 highly spectalized individual trips for disabled children,
enabling greater partieipalion in school extracurricular activities and broader access lo health and social events for
disabled individuals.
The accounting year has also seen significant planning for future projeels, with major applications and partnerships in
the pipeline for 2025. A preview of the direelion of travel for DART'S future seNices was evident in the successful
launch of DART'S 'Drive to Thrive, project. an innovative employability and volunteering scheme providing
professional D1 training in exchange for 100 hours of volunteering lime. Volunteers drive a social car for individuals
with limited access lo essential services.
DART'S commitrnent lo innovation is further demonstrated through ils ongoing investment in digital infraslruclure. By
embracing modem technology, DART aims to streamline operations. enhance service delivery. and improve user
experience. This digitsl transformation is not only about reducing costs but also about making services more
accessible and user-friendly, thereby meeting the evolving needs of the community.
Moreover. DART has been activety seeking collaborations with local stakeholders in health and education and other
non-profit organizations to diversify funding sources and expand service offerings. These partnerships are crucial for
creating a resilient operational model that can withstand financial uneertainb'es and continue to provide essential
Services lo those in need.
As DART refleels on another successful year of project delivery, il is elear that innovation, flexibility, and change will
remain constants moving into 202412025. The organizalion's ability lo adapt and evolve in response to challenges is
a leslament lo its resilience and dedication to serving the community. After all. the best way to predict the future is to
create it.
Financial Rgview
The results for the financial year are sel out on page 1 and additional notes are provided showing income and
expenditure in greater detail.
Financial Results
At the end of the financial year the company has assets of £652.371 {2023 £779,923) and liabilities of £18.268
12023- £245,590). The net assets of the company have increased by £99.770.
Reservès Policy
The Reserves policy was updated in the prior year and has been kept the same in the current year by the trustees. A
new free reserves largel of £232,000. equivalent lo six months running costs. has been agreed. The capital
replacement reserve target is still £280,000. which the trustees feel would be sufficient for the replacement of fleet
vehicles and aceessible equipment as they reach the end of their natUTal life cycle. The eontingency reserve was
increased lo £70,000. which trustees feel would be sufficient to cover their regular expenditure in the event of an
unexpected event.
The Trustees feel that these kvels of reserves are essential lo enable the Charity to continue lo provide its activities
for the foreseeable fv￿re. The Reserves Policy is an Integral part of the charity's planning, budget and forecasts.
Tru$teo$
The trustees who served throughout the ffnancial year. except as noted. were as follows:
John Spiers
John Magenni$
Robert John Verner
John Kane
Alan Gilmore
In accordan￿ with the Articles of Association, the directors retire by rotation and being eligible. offer themselves for
reelection.

Down Armagh Rural Transport Partnership
IA company Ilmlted by guarantee, nol having a share ￿pIts1)
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
Compliance with Sector-wide Legislation and Standards
The company engages pro-actively with legislation. standards and codes which are developed for the sector. Down
Amagh Rural Transport Partnership subscribes to and is compliant with the following..
The Companies Act 2006
The Charities SORP {FRS 102)
Public Benefit
In setting our objectives and planning our activities for the year the trustees have given careful consideration to the
Charity Commission for Northem Ireland's guidance on public benefit to ensure that the activities have helped achieve
the charity purposes and provide a benefit to the beneficiaries.
Down Arnagh Rural Transport (DART) Partnership exists to develop. deliver and maintain not-for-profit a¢￿sSIble
community transport options for the public benefit of our members.
Our public benefft provided through our transport seNices reduces social isolation and social exclusion by reaching
the hard to reach and providing access to essential services and connections to the wider community.
Our services improve the quality of lrfe and health and well-being for our users by enabling access to health and
medical facilities.
DARTS services also target social need by facilitating access to training and employment opportunities for our
members.
Our organisation is committed to community development principles and we work in close partnership wrth other
organisations and charities engaged in promoting the relief of persons who are in need through the provision of
appropriate services.
Other direct benefits include the promotion of volunteering and training which provides public benefit to groups and
communities and the provision of accredited driver training which ￿nhan￿S the skills and personal development of
community volunteers.
Certification Statement
We confimi that the DFI grant has been used solely for the purposes intended and in accordance with the temis and
conditions of the grant
The Auditors
The auditors. Daly Park & Company Ltd, (Chartered Accountants) have indicated their willingness to continue in office
in accordance with the provision5 of Section 485 of the Companies Act 2006.
Approved by the Board of Trustses on 26th June 2024 and signed on its behalf by".
John Spiers
Director
hn Magen
Director
is

Down Arniagh Rural Transport Partnership
(A company limited by guarantee. not having a share capital}
STATEMENT OF TRUSTEES. RESPONSIBILITIES
for the financial year ended 31 March 2024
The trustees. who are also directors of Down Amiagh Rural Transport Partnership for the purposes of company law.
are responsible for preparing the financial statements in accordan￿ with applicable law and regulations.
Company law requires the trustees as the directors to prepare financial statements fr)r each financial year. Under that
law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (Untted Kingdom Accounting Standards and applicable law} including FRS102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees must not
approve the financial statements unless they are satisfied that they give a true and fair view of the state 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 consistently.
observe the methods and principles in the Chartties SORP
make judgements and accounting estimates that are reasonable and prudent"
state whether the financial statements have been prepared in accordan￿ wilh applicable accounting standards,
identify those standards, and note the effect and the reasons for any material departure from those standards,. and
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the
company will continue in operation.
The tnjstees are responsible for keeping adequate accounting records that aro sufficient to show and explain the
CoMpan￿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 tsking reasonable steps for the prevention and
detection of fraud and other i￿egUlar1ties.
In so far as the tTUStees are aware:
there is no relevant audit information (infomation needed by the company's auditor in connection wth preparing
the audttorfs report) of which the company's auditor is unaware, and
the trustees have taken all the steps that they ought to have tsken as trustees in order to make themselves aware
of any relevant audit information and to establish that the companls auditor is aware of that infomation.
Approved by the Board of Trustees on 26th June 2024 and slgned on its behalf by..
John Spiers
Director
ohn Ma
Director
nls

INDEPENDENT AUDITOR'S REPORT
to the Members of Down Armagh Rural Transport Partnership
IA company limltsd by guarantȕ. not having a share capitall
Report on thg audit of the financial statements
Opinion
We have audited the company financial statements of Down Amagh Rural Transport Partnership I'lhe company'l for
the financial year ended 31 March 2024 which comprise the Statement of Financial Activities {incorporating an
Income and Expenditure Aecounti. the Balance Sheet and notes lo the financial statements, including the summary of
significant accounting policies sel out in note 2. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Stsndards. including 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 lo charitie$ preparing their accounts in accordance 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 slate of the company's affairs as at 31 March 2024 and of its surplus for the
financial year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Aecounling Practice.. and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act
(Northern Ireland) 2008.
Basis for opinion
We conducted our audit in accordance with Inlemalional Stsndards on Auditing IUKI IISAS IUKI) and applicable law.
Our responsibilities under those standards are further described in the Auditor's 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 slalements 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 evidenee we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial slalements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
conditions that. indivKlually or collectively. may east significant doubt on the company's ability lo continue as a going
concern for a period of at least ￿e1ve months from the dale when the financial stslements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
secb.ons of this report.
other Information
The other infomiation comprises the infomiation included in the annual report other than the financial stslemenls and
our Audilorfs Report Ihereon. The trustees are responsible ft)r the other information contained within the annual
report. Our opinion on the financial statements does not cover the other infomation and. except to the extent
otherwise explicitly slated in our report, we do not express any fomi of assurance conclusion Ihereon.
Our responsibility is to read the other infomialion and. in doing so. Consider whether the other inforniab'on is materially
incon51slent with the financial statements or our knowledge obtained in the course of the audit. or othe￿iSe appears
to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we a
required lo determine whether this gives rise to a material misstalemenl in the financial slalemenls themselves. If.
based on the work we have performed. we conclude that there is a material misststemenl of this other infomation. we
are required to ￿pOrt that fact. Vve have nothing to report in this regard.
Opinion on other matter prescrlbed by the Companies Aet 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 statements are
prepared is consistent with the financial slatemenls.. 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
IA company limited by guaranteg, not having a share capital)
Matters on which we are requlred 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 misstatements in the Trustees, Annual Report.
We have nothing lo 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 slalemenls 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 entitled lo prepare the financial ststemenls in accordanee with the small companies regime
and lake advantage of the small companies, exemption in preparing the Trustees, Annual Report.
Responslbllitles of tru$tegs for the financial statements
As explained more fully in the Statement of Trustees. Responsibilities set out on page 6. the trustees are responsible
for the preparation of the financial slalements and for being satisfied that they give a true and fair view. and for such
internal control as they determine is ne￿SSary lo enable the preparation of financial statements that are free from
material misstatement. whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assessing the company's ability lo continue as a
going COn￿rn, disclosing. as applicable. matters related lo going coneern and using the going concern basis of
accounting unless management either intends to liquidate the company or lo cease operations, or has no realistic
alternative but to do so.
Auditorfs responsibilities for the audit of the financial ststements
Our objectives are lo obtain reasonable assurance about whether the financlal slalements as a whole are free from
material misstatement. whether due to fraud or error, and to issue an Auditor's Report that includes our opinion.
Reasonable assuran￿ is a high level of assurance. bul is not a guarantee that an audit conducted in aecoidance with
ISAS IUKI will always delecl a material misstatement when il exists. Misslalements can arise from fraud or error and
are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the
economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities. outlined above, to detect material misslalemenls in respect of irregularities, including
fraud. The extent to which our prO￿dureS 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 procedures performed. gives us confidence in detecting irregularities
Further infonnation regarding the scope of our responsibilities as auditor
As part of an audit in accordance with ISAS IUKI. we exercise professional judgement and maintain professional
sceplicism throughout the audit. We also..
Identify and assess the risks of material misstatement of the whether due lo fraud or error. design and perfomi
audit procedures responsive to those risks, and obtsin audit evidence that is sufficient and appropriate lo provide
basis for our opinion. The risk of not detecb'ng a material misstatement resulting from fraud is higher than for one
resulting from error. as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the
override of internal control.
Obtain an understsnding of internal control relevant to the audit in order to design audit protsdures that ale
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 a¢¢ounting estimates and
related disclosures made by trustees.
Conclude on the appropriateness of the trustees, use of the going ¢on¢em basis of accounting and, based on the
audit emdence 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 concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our Audilorfs Report to the related disclosures in the
financial statements or. if such discloslrres are inadequate. lo modify our opinion. Our conclusions are based on
the audit evidence obtsined up to the date of our Auditor's Report However. futUTe events or conditions may
cause the the company to cease to continue as a going concern.
Evaluate the overall presentation. structure and ¢onlent of the finan¢ial statements. including the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentstion.

INDEPENDENT AUDITOR'S REPORT
to the Members of Down Armagh Rural Transport Partnership
IA company limited by guarantee, not having a $hare capital)
We communicate with Ih05e charged with governance regarding. among other matters, the planned scope and timing
of the audit and $ignifi¢anl audit findings, including any significant deficiencies in internal control that we identify
during our audit.
The purpo$e 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 Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might slate lo the company's members those
matters we are required to stale lo them in an audilols report and for no other purpose. To the fullest exlenl permitted
by law. we do not aetspt 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 for the opinions we have fomied.
Ruairi Maginn Isgnior
for and on behalf of
DALY PARK & COMP
LTD
Chartered Accountants and Slatulory Auditors
4 Carnegie Street
Lurgan
Co. Armagh
BT66 6AS
Northern Ireland
utory Audltor)
26th June 2024
10

Down Amagh Rural Transport Partnership
(Acompany Ilmllod by guaTrnlee, not havlng a Sha￿ capltall
STATEMENT OF FINANCIAL ACTIVITIES
Iln¢ory¢Jtslrtg*tt IncoM&*ndE¥pgndJtureA¢¢ourt}
forlhe finanual year ended 31 March 2024
Oth$r
DFI
nrestrlctèd h5trlctèd R¢strfcled
Funds
Fund$
F￿nrfs
2024
2024
2024
Total Unrestricted
Fund$
Fund$
Oth8r
DFIToi81 Funds
Resirict8d Resthded
Fund$
Funds
2023
2023
2024
2023
2023
Nots$
Incomlng R•$our¢è8
Voluntsry Income
A¢iiMlies for 9ènerabng funds
Invtstrnenls
16,TT$
14,75
729
292,367
541,196
850,338
14.758
72
113,￿3
270,466
384.319
6.746
77
8,746
77
Total Incomlng Msourcats
32,263
291J67
541.195
865.82S
8.823
113.853
270,466
393.142
R•soufGe5 Expended
¢haritable ac￿￿treS
14,725
210.135
S41,19S
Y66.055
BO.294
96,520
288.400
465,214
Net Incomlngloutgoln9 rgsouY¢es b•fore tran8f•
17.538
82,232
99.TTO
171.4711
17.333
117.9341
172.0721
Gr055 Itansfers behveen frJnd$
108.744
1108.7441
N•tmo¥oment In funds forth• finartclal yoar
128.282
126.$121
99.770
17.333
117.9341 172,0721
Rpconclllatlots of funds..
T¢lal funds begSnning ofth8 year
14
451.492
12.441
534.333
522.963
85508
17.934
806,405
Totsi funds atth8 ènd of the ygar
577.774
56,329
624,103
451,492
82,841
534.333
The Slatsrnenl of Financial Acti￿lieS Include5 811 galns and losses r8¢ognised in the fin8n¢i81 year.
The noies on pag¢¥ 13 10 l8t¢m p*t of LbB finanlial
$￿eMentS
11

Down Armagh Rural Transport Partnership
(A company limltsd by guarantee, not having a share capital)
Company Number: N1038364
BALANCE SHEET
as at 31 March 2024
2024
2023
Notes
Fixed Assets
Tangible assets
64,918
28,132
Current Assets
Debtors
Cash at bank and in hand
10
94,959
492,494
64.523
687,268
587,453
751.791
Creditors: Amounts falling due within one year
Net Current Assets
11
(18.2681
(10.475)
569.185
741,316
Total Assets less Current Liabilities
634,103
769.448
Grants receivable
12
(235,115)
Total Net Assets
634103
534,333
Funds
Restricted trust funds
Designated funds (Unrestricted)
General fund (unrestricted)
56,329
350,000
227.774
82,841
297.500
153,992
Total funds
14
634,103
534.333
These financial statements have been prepared in accordance with the special provisions relaling to small companies
within Part 15 of the Companies Act 2006.
Approved by the Board of Trustses and authorised for issue on 26th June 2024 and signed on its behalf by
John SpieTS
Director
ohn Mag
Director
is
The notes on pages 13 to 18 fO￿n part of the financial statements
12

Down Armagh Rural Transport Partnership
IA company limited by guaranteè, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
GENERAL INFORMATION
Down Armagh Rural Transport Partnership is a company limited by guarantee incorporated in Northem
Ireland. The registered office of the company 1$ 10 Charlestown Avenue. Portadown, Co. Amagh. BT63 5ZF.
Northern Ireland which is also the principal place of business of the company. The financial slalements have
been presented in Pound l£} 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 charity's financial slalements.
Basis of preparatlon
The financial slalements have been prepared on the going concern basis under the historical cost convention,
modified to include certain items al fair value. The financial statements have been prepared in accordance
with the Statement of Recommended Practice ISORP) "Accounting and Reporting by Charities preparing their
accounts in aceordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland
FRS 102"
As pemiitted by the Companies Act 20(￿, the company has varied the standard fom)als in that act for the
Slalemenl of Financial Activities and the Balance Sheet. Departures from the standard fomials are to comply
with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that
SORP.
statement of compliance
The ffnancial slalements of the company for the financial year ended 31 December 2017 have been prepa
on the going concern basis and in accordanee with the Statement of Recommended Practice ISORPI
"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 flow statement
The company has availed of the exemption in FRS 102 from the requirement lo produ￿ a cash flow
statement because it is Classified as a small company.
Incoming Resources
Voluntary income or capital is included in the Statement of Financial Activities when the company is legally
entitled to it. 115 financial value can be quantified with reasonable certainty and there is reasonable certainty of
its ultimate receipt. Entittemenl to legacies is considered established when the company has been notified of a
distribution lo be made by the executors. Income re￿IVed in advanee of due performance under a contract is
accounted for as deferred income until eamed. Grants for activities are recognised as income when the
related conditions for legal entitlement have been met. All other income is accounted for on an aceruals basis.
Resources Expended
Ail reSou￿S expended aTe aceounted for on an accruals basis. Charitable activities include costs of services
and grants, support costs and depreciation on related assets. Costs of generating funds similarly include
fundraising a￿1Vities. Non-slaff costs not attributed to orte eategory of activity are allocated or apportioned
pro-rala to the staffing of the relevant service. Finance. HR. IT and administrative stsff costs are directly
attributable lo individual activit￿S by objectFve. Governance costs are those associated with constitutional and
statutory requirements.
Tanglble fixed assets and depreciation
Tangible fixed assets are stated 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 eslimaled
residual value, over their expected useful lives as follows..
Land and buildings freehold
Fixture$, fitbngs and equipment
Motor vehicles
4¢A Straight line
500A Straight line
50% Straight line
13

continued
Down Armagh Rural Transport Partnership
IA company limited by guaranteè, not having a share capltall
NOTES TO THE FINANCIAL STATEMENTS
for the financral year ended 31 March 2024
Debtors
Debtors are recognised at the settlement amount due after 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-funders. but not yel received al financial year end. is included in debtors.
Cash at bank and In hand
Cash al bank and in hand comprises cash on deposit at banks requiring ￿sS than three months notice of
withdrawal.
Taxation and deferred taxation
No current or deferred tsxation arises as the company has been granted charitable exemption. Irrecoverable
valued added tsx is expensed as incurred.
2a.
GOING CONCERN
Al the dale of approval of these financial statements. the charity has yet to receive fomal ¢onfimiation from
the Department of Infrastructure in relation to the 2024125 fvnding for the Rural Transport Fund and Assisted
Rural Travel Scheme. This funding amounted lo £538.923 in the 2023124 financial year. In the interim period,
the charity is currently receiving monthly grants on a similar level to the funding provided for 2023124. The
trustees are confident that a formal letter of offer and agreement of the 2024125 funding package will
agreed shortly. In this interim period, the trustees are carefully managing cashflow and are in the process of
looking al other sources of income. Delays in the confirmation of these grants have been the nomi in recent
years. The trustees continue to prepare the financial slalemenls on a going concern basis.
INCOME
DONATIONS AND LEGACIES
Unrestricted
Funds
Other
DFI
Restricted Restricted
Funds
Funds
2024
2023
Grant Income..
DFI Restricted Income-
DRD Rural Transport Fund
Assisted Rural Transport S¢heme
Disability Action Transport Scheme
DFI Bluel Green Infrastructure
Dial A Lift Passenger Fare
275.752
76.250
186,921
275.752
76,250
186,921
106,602
32.160
146,879
-17,934
2,759
2,272
2,272
Other Restricted Funds
Unreslricled Funds
292,367
292.367
19,976
113.853
16.776
OTHER TRADING ACTIVITIES
Unrestricted Restricted
Funds
Funds
2024
2023
Transport SeNrces & Training
14.758
14,758
8,746
INVESTMENTS
Unrestrlcted Restrlcted
Funds
Funds
2024
2023
Investments
729
729
77
EXPENDITURE
14

continued
Down Armagh Rural Transport Partnership
IA company Ilmltèd by guarantee, not having a Sha￿ capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 Mar¢h 2024
CHARITABLE ACTIVITIES
Diroct
Costs
Other
Costs
Support
Costs
2024
2023
Despatch Function Costs
Direct Service Delivery Costs
Administration & Support
162,854
221,075
58.501
8,251
1,088
92.259
171,105
444,190
150.760
144,152
208,696
112,366
222.027
442.430
222,027
101,598
766,055
465.214
ANALYSIS OF SUPPORT COSTS
2024
2023
Audit Fees
Depreciation
General Expenses
Bank Charges
General Office Costs
2,500
67,851
4,309
370
26.568
2.600
34.855
4.486
332
31,194
101,598
73,467
NET INCOMING RESOURCES
2024
2023
Net Incomlng Resources are stated after chargingl(crediting):
Depreciation of tangible assets
Deficit on disposal of tsngible fixed assets
Audilorfs remuneration..
audit services
67.851
1.435
34,855
18.085
2.500
2,600
INVESTMENT AND OTHER INCOME
2024
2023
Bank interest
729
77
EMPLOYEES AND REMUNERATION
Number of employees
The average number of persons employed (including executive trusleesl during the financial year was as
follow$-
2024
Number
2023
Number
Employees
12
12
The staff costs comprise:
2024
2023
Wages and salaries
Pension costs
188,366
4.463
140,354
9.833
192.829
150.187
15

eonlinued
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 2024
TANGIBLE FIXED ASSETS
Land and
Flxtures,
buildings fittings and
freehold equipmgnt
Motor
vehicles
Total
Cost
At 1 April 2023
Additions
Disposals
8,500
31,462
14.017
175,332
90.620
17,6671
215,294
104.637
17.667)
At 31 March 2024
8.500
45,479
258,285
312.264
Depreciation
Al 1 April 2023
Charge for the financial year
On disposals
1.700
1,700
26.755
11.716
158,707
54,435
17,6671
187.162
67.851
17,667)
Al 31 March 2024
3,400
38,471
205.475
247.346
Net book value
At 31 March 2024
5.100
7.008
52.810
64.918
At 31 March 2023
8.800
4,707
16,625
28.132
10.
DEBTORS
2024
2023
Trade debloTS
Amounts owed by related parties
Other debtors
Taxation and social security costs
17,677
3.837
67.019
6,426
30.434
3.837
20,827
9.425
94,959
64,523
11.
CREDITORS
Amounts falling dug Within one year
2024
2023
Taxation and social security costs
A￿ru815 and defrrred income
7,747
10.521
5,219
5.256
18.268
10.475
12.
GRANTS RECEIVABLE
2024
2023
Capltal grants received and reeelvable
Increase in financial year
235,115
13.
RESERVES
2024
2023
At the beginning of the year
Surplu51lDefi¢ill for the financial year
534.333
99.770
606.405
172.0721
At the end of the year
634,103
534.333
16

¢ontinued
Down Armagh Rural Transport Partnership
IA company limited by guarante8. not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
14.
FUNDS
14.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted Restricted
Funds
Funds
Total
Funds
Al 1 April 2022
Movement during the financial year
522.963
171,4711
65.508
17,333
606.405
172,0721
At 31 March 2023
Movement during the financial year
451,492
126,282
82.841
(26.5121
534,333
99.770
At 31 March 2024
577,774
56.329
634.103
14.2 ANALYSIS OF MOVEMENTS ON FUNDS
Opening
Balance
Closlng
Balance
Income
Expendlture Transfers
DFI Restricted Funds:
DRDRuralTransportFund
Assisted Rural Transport Scheme
Disability Action Tra nsport &heme
Dia l A lift Passener Fares
275,752.00 275,752.00
76,250.00
76,250.00
186,921.00 186.921.00
2,272.00
2,272.00
541,195.00 541,195.00
The National Lottery QJmmunityFund
ABCQJuncil
Rank Foundation
Motabi lity
SHSCT
40,919.00
2,181.00
20,162.00
20,667.00
61.586.00
2.181.1KJ
15.615.00
11,777.00
24,000.00
235.115.00 107,398.00 - 108,744.00
18.973.00
19.579.(N)
20,970.00
27,193.00
13.356.00
82,841.00 292,367.00 - 210,135.00 - 108,744.00 56,329.00
Unrestricted Funds:
Unrestricted - Capita l Replacement
Unrestricted- G)nti ngency
Unrestricted Genera I
280.000.00
17,500.00
153,992.00 32,263.00
£151,492.00 3Z263.00
280,000.00
52,500.00 70,000.00
14,725.00
56,244.00 227.774.00
14.725.00 108,744.00 577.774.00
Total Funds
534333.00 865,825.00 . 766,055.00
6341￿00
17

continued
Down Armagh Rural Transport Partnership
IA company Ilmltèd by guarantee. not having a share capltall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
14.3 ANALYSIS OF NET ASSETS BY FUND
Fixed
assets
harity use
Current
assets
Current
Ilabilitles
Total
DFI Restricted Funds
199,493
598.087
797.580
Other Reslricled fvnds
17,400
126.478
143.878
Unreslricled general funds
{151.9751
456.732
(612,112)
1307,3551
64.918
1,181,297
1612.1121
634.103
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 lo contribute to the assets of the company in the event of ils being
wound up while they are members. or within one year thereafter, for the payment of the debts and liabilities of
the company eonlracted before they ceased to be members, and the costs, charges and expenses of winding
up, and for the adjustment of the rights of the contributors among themselves. such amount as may be
required, not exceeding £ 1.
16.
POST-BALANCE SHEET EVENTS
There have been no Signifi￿nt events affecting the Charity since the financial year*nd.
17.
TRUSTEE REMUNERATION
None of the Trustees re￿iVed nor waived any remuneration for their servi￿5 as Trustees in either the current
or previous financial year.
18