Company Registration Number: N1038364 Charity Number: NIC103505 Down Armagh Rural Transport Partnership IA company limitsd by guarantee, not having a share Capital) Annual Report and Audited Financial Statements for the financial year ended 31 March 2025 Daly Park & Company Ltd Chartered Accountsnts and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Down Armagh Rural Transport Partnership IA company limited by guarantee, not havlng 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 Balance Sheet 13 Notes to the Financial Statements 14-19
Down Armagh Rural Transport Partnership IA Company limited by guarantee, not having a share capitall TRUSTEES, AND OTHER INFORMATION Trustees John Spiers John Magennis Robert John Verner John Kane Alan Gilmore Charity Number in Northern Ireland NIC103505 Company Registration Number N1038364 Registered Office and Principal Address 10 Charlestown Avenue Portadown Co. Armagh BT63 5ZF Northern Ireland Auditors Daly Park & Company Ltd Chartered Accountants and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Principal Bankers Danske Bank 39 Market St Lurgan Co. Armagh BT66 6AB Northern Ireland
Down Armagh Rural Transport Partnership (A company limited by guarantse, not having a share capitsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 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 2025. 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 lo charilies preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the informalion required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity truslees for the purpose of charity 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, govemance, activities, achievements and finan$ for the financial year 31 March 2025. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice (Charities SORP effective January 2015), the organisation has implemented its recommendations where relevant in these financial statements. Mission, Objectives and Strategy Aims & Objectives Down Amiagh Rural Transport (DART) provides affordable, accessible. community transport ServIS 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 services using community minibuses and volunteerfs cars. DART provides informalion and advice to enable people to avail of various means of travel to enable access to local services. DART works in partnership with other transport providers to ensure alternatives and linkages to other transport services are available for individuals and community organisations. Stru¢ture, Governance and Management 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 contro5 of the directors who are, therefore. acting trustees for the charity. ointment of actin Truslees l Directors As described in the Articles of Association a new director may be eligible for appointment if 21 days before the annual general meeling. written notice 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 briefed on their legal obligalion under charity and company law. the content of the Memorandum and Articles of Association. the Board and decision-making processes and recent financial performance of the charity. Trustees are encouraged to view the Charities Commission website so as lo gain a full understanding of trustee roles and responsibilities. Revlew of Activities, Achievements and Performance Despite continuing fiscal pressure and a 359/0 real-term reduction in public funding since 2018, DART completed over 26.000 passenger trip5 across its services. These trips included essential access to medical care. education. employment, and communily participation. A major achievement was the continued delivery ofthe Access Plus program funded by Motability, now in its second year, supporting 2.498 individual specialist trips for children and adults with disabilities, up by 94 /D on year one figures. This year marked the completion of a full digilal transfonnation programme, encompassing booking systems. driver scheduling, user communications, and financial operations. These upgrades. supported through capital investment, have significantly reduced back-office costs. improved service efficiency, and enhanced the user experience. DART now operates as a fully digital organisation across all business areas. As part of its Commitment lo future-proofing services. DART has continued to diversify beyond Dfl core funding. A major milestone was reached in 2024125 with the planning and developrnent of a DVSA-approved Driver Training Centre, due
Down Armagh Rural Transport Partnership IA company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 to launch in 2025126. This new facility will deliver certified D1 driver Iraining and Driver Certificate of Professional competen {CPC) modules, generating eamed income to cross-subsidise core community transport services. Critically, four in-house trainers successfully achieved the VRQ qualificalion, enabling DART to intemally deliver CPC D1 courses to a professional standard. This investment in Workfor capacity nol only supports the new training enterprise but also strengthens DART'S long-temi sustainability and regional impact. A key achievement in 2024125 was the revitalisation of the Disability Action Transport Scheme {DATS) in Craigavon and Banbridge, driven by the successful implementation of DART'S strategic marketing plan. This initiative resulted in a 55.4 /0 increase in passenger numbers during the year. The service now features fully digital and mobile sign-up options and a significantly streamlined cuslomer journey, enabling quicker access from registratson to first trip. This transformalion has strengthened local engagement and positioned DATS as a more accessible and responsive transport solution for disabled users. The Drive to Thrive program continued to grow, enabling local volunteers to receive professional driving qualifications in exchange for community service. This innovative model supports bolh social mobility and transport sustainability while embedding DART deeper within the local community infrastructure. DART has actively lobbied Minister Liz Kimmons and the Department for Infrastructure to address the precarious funding model for community transport. The organisation has made clear calls for an end to discretionary funding arrangements and a commitment to a multi-year funding seltlement, policy clarity. and greater integration of community transport within the transporl network in Northern Ireland. Our advocacy efforts are driven by a vision of transport as a foundational service for inclusion, independen, and regional cohesion. The achievements of 2024125 demonstrate DART'S ongoing resilien, adaptability, and strategic intent in a challenging policy and funding landscape. Through a focus on innovation. digital integration. and the development of sustainable income slreams, DART continues to deliver essential setvices to the communities that rely on them most. DART remains deeply committed lo ils mission of inclusion and accessibility and enters 2025126 with a renewed focus on capacity building, partnership working, and long-term impact Financial Results Al the end of the financial year the company has assets of £694,618 (2024 - £652,371) and liabilities of£15,299 {2024 - £18,268). The net assets of the company have increased by £45.216.
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 2025 Trustees The trustees who served throughout the financial year, except as noted, were as follows.. John Spiers John Magennis Robert John Verner John Kane Alan Gilmore In accordance with the Articles of Association, the directors relire by rotation and being eligible, offer themselves for re- election. 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 to and is MplIant with the following.. The Companies Act 2006 The Charities SORP (FRS 102) Reserves Policy The Resetves policy has been updated during the course of the current year by the trustees. A new free reserves target of between three to six months, running costs, up to a maximum of £420,000, has been agreed. In addition. the capital replacement resetve target is slill £280.000. which the trustees feel would be sufficient for thè replacement of fleet vehicles and accessible equipment as they reach the end of their natural life cycle. 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 ReseNes Policy is an integral part of the charity's planning. budget and forecasts Public Benefit In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charily Commission for Northern Ireland's guidance on public benefil to ensure that the activities have helped achieve the charity purposes and provide a benefit to the beneficiaries. Down Armagh Rural Transport (DART) Partnership exists to develop, deliver and maintain not-for-profit accessible community transport oplions for the public benefit of our members. Our public benefit provided through our transport services reduces social isolation and social exclusion by reaching the hard to reach and providing access to essential setvices and connections to the wider community. Our seNices improve the quality of life and health and well-being for our users by enabling access to health and medical facilities. DART'S sérvices also target social need by facilitating access to training and employment opportunilies for our members. Our organisation is committed to community development principles and we work in close partnership with 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 enhances the skills and personal development of community volunteers. Certification statement We confirm that the RTF & ARTS grant has been used solely for the purposes intended and in accordance with the terms and condition5 of the grant.
Down Armagh Rural Transport Partnership IA compally Ilmlted by guarantee, not havin9 a share Gapltsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 The Audltors The auditors. Daly Park & Campany Lld, (Chartered Accounlantsl have indicated Ihelr wllllngness to continue in office in accordance with the provlsions of Section 485 of the Companles Aet 2006. Approv•d by thè Board of Trustees on 'LS I[l£ and signed on It5 behall by.. John Magonni Director Alan Gilmore Dir8Ctor
Down Armagh Rural Transport Partnership IA Gompany limitèd by guarantee, not having a share capitall STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year end8d 31 March 2025 The trustees. who are also directors of Down Arniagh Rural Transport Partnership lor Ihe purposes of company law, are responsibl8 for pparing the ffnancial ststements In accordan with applicable law and regulations. Company law require5 the IrusteÈ5 as the directors to prepare financial siatements for each financial year. Undgr that law the trustee5 have elected to prèpare the financial 5taternents in accordance with United Kingdotn Gen8r8lly Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland Under Company law Ihe trustees must not approve Ihe financial stalernents unles5 they are sa(islied that they give a Irue and fair view ol tho Slate of affairs of the compony and of the net income or expendlture of the company for that period. In preparing Ihese finanei815tatements. th8 trustees are required to.. select suitable accounting policle5 and apply them conslst8nly', observe the methods and principles in the Charities SORP make judgemgn15 and accounting eslirnates Ihat ar8 raasonable and prudent,. state whether the financial slalemenls have been prepared in accordance with applicable accounting standards. identify those standards. and note the eftect and the reasons for any material departur8 from those slandards., and prepare the financial statements on the going eoncem basi5 unless il is inappropriate to presume that the company will contlnue in op8ration. The trusteès ar8 responslble for keeping adequate a¢¢ounting records that are sufficienl to show and explaln tha cornpany's transactions and disc105e wth reasonable accuracy al any time Ihe financial position of the cornpany and enable them lo ensurelhal the financial statements cornplywilh the Companies Act 2006 and. They are also responsible lor safeguarding th8 assets of the Gompany and hence lor taking re3$0nable steps for the prevention and detection of traud and other irregularities. In so lar as th8 trustees are awar6'. there is no relevant audit information linfomialion needed by th8 companys avdltor in eonne¢tion with preparing the auditors POrt) of which the company's audTlor is unaware, and the tnjstees h8ve taken all the step5 that they ought to have taken a5 truslees in order to mak& themselves aware of any relevant audit infomation and to 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 Magenni Dlrector .LLLLA Alan Gllmore Dlrector
INDEPENDENT AUDITOR'S REPORT to the Members of Down Armagh Rural Transport Partnership IA company limitsd by guarantee. not having a share Capitsll Report on the audit of the financial statements Opinion We have audited the company financial statements of Down Amiagh Rural Transport Partnership (Ihe company,) for the financial year ended 31 March 2025 which comprise the Slatement of Financial Activities {incorporating an Income and Expenditure Account), the Balance Sheet and notes to the financial statements, 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 the UK and Republic of Ireland" and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. In our opinion. when reporting in accordan with a fair presentation framework the financial slatements= give a Irue and fair view of the state of the company's affairs as at 31 March 2025 and of its surplus for the financial year then ended.. have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements ofthe Companies Act 2006 and the Charities Act (Northem Ireland) 2008. Basis for opinlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements seclion of our report. We are independent of the company in accordance with elhical requirements that are relevant to our audit of the financial slatements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with ihese requirements. We believe thal Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In audiling the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on Ihe work we have performed. we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on Ihe company's ability to continue as a going concem for a period of at least e1ve months from the date when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sedions of this report. Other Information The other information comprises the information included in the annual report olher than Ihe financial statements and our Auditor's Report Ihereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly staled in our report. we do not express any form of assuran conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audil. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misslatement in Ihe 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 audÈt'. the information given in the Trustees, Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements,- and the Truslees, 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 guarantee, not having a share capltall 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 misstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if. in our opinion= adequate accounting records have not been kept; or 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 Ihe trustees were not entilled 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 Truslees, Responsibilities Set out on page 6, the trustees are responsible for the preparation of the financial statements and for being satisfied Ihal they 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 misstatement, 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 accounling unless management eilher intends to liquidate 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 the financ¢al statemenls as a whole are free from material misstatement. whether due to fraud or error, and to issue an Audito¢s Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan with ISAS (UK) will always detect a malerial misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected 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 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 irregularilies during audit. However the effectiveness of entity's controls, the nature and extent of audit prOdureS perft)rmed, gives us confidence in detecling irregularities Further information regarding the scope of our responsibilitles as auditor As part of an audit in accordance wilh ISAS (UK). we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the , whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecling 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. Oblain 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 reasonablenes5 of accounting estimates and related disdosures made by trustee5. Conclude on the appropriateness of the trustees, use of the going concem basis of accounting and, based on the audit evidence obtained, whelher 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 malertal uncertainty exists, we are required to draw attention in our Auditor's Report lo the related disclosures in the financial statements or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit eviden obtained up to the date of our Auditor's Report. However, future events or conditions may cause Ihe company to ase to continue as a going concern. Evaluate Ihe overall presentation, structure and content of the financial stalements, including the disclosures. and whether the financial statements represent the underlying transactions 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 limited by guarantse, 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 intemal control Ihat we identify during our audit. The purpose of our audlt work and to whom we owe our responsibilities This report is made solely lo 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 state to the company's members those matters we are required to state to them in an auditovs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have fomed. Ruairi Maginn {S for and on beha DALY PARK & COMPANY LTD Chartered Accountants and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland ior Statutory Auditor) 3/Ll)25
Down Armagh Rural Transport Partnership IA company limited by guarantee. not having a Share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Incorne and Expenditure Accountl for the financial year ended 31 March 2025 Other DFI Unrestricted Restricted Restricted Funds Funds Funds 2025 2025 2025 Other DFI Total Unrestricted Restricted Restricted Funds Funds Funds Funds 2025 2024 2024 2024 Total Funds 2024 Notes Incoming Resources Voluntary Income Activities for generating funds Investments 8,930 23,440 9,458 284,170 538,065 831,165 23.440 9,458 16,776 14,758 729 292,367 541,195 850,338 14,758 729 Totsl incoming resources 41,828 284,170 538,065 864,063 32.263 292,367 541.195 865.825 Resources Expended Charitable activities 11,588 265,499 541,760 818.847 14,725 210,135 541.195 766,055 Net incomingloutgoing resources before transfers 30,240 18,671 (3.695) 45,216 17,538 82,232 99,770 Gross transfers beeen funds 71,305 {75,000) 3.695 108,744 (108,744) Net movement in funds for the financial year 101,545 {56,329} 45,216 . 126.282 {26,512) 99,770 Reconciliation of funds: Total funds beginning of the year 13 577,774 56,329 634.103 451,492 82,841 534,333 Totsl funds at the end of the year 679,319 679,319 577,774 56,329 634,103 The Statement of Financial Activities includes all gains and losses recognised in the financial year. The notes on page5 14 to 19 fomi part of the financial stslements 12
Down Armagh Rural Transport Partnership IA company limiied by guarallteE, not having a share capltall Company Number.. NID3B3E4 BALANCE SHEET as al 31 March 2025 2025 2024 Notes Fixed Assets Tangible assets 66,328 64,918 Current A55ets Qeblors Cash at bank and in hand 10 49,166 579,124 94.959 492.494 628,290 587,453 Creditor5'. Amounts falling due within Dne yezr 11 115.2991 (18,2681 Not Current Assats 612,991 569,185 Total Assets les$ Current Liabllities 679,319 634,103 Funds Other RestNcted trust funds Designaled funds Iunreslrictedl General fund (unreslricledl 56,329 350,000 227,774 3SO,000 329,319 Total funds 13 679,319 834.103 These financial slalemenls have been prePad in accordarT¢¢ with the speci81 provisions relating io small companies within Part 15 of ihe Companies Act 2006. Approved by the Board of Trustees and author15ed for Issue on ISI behalf by and signed on Its John Magenni Dlre¢tor - Alan Gllmore Dire¢tor The notes on payes 1410 19 form part of Ihe finana81 stalEmEnts 13
Down Armagh Rural Transport Partnership {A company limited by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Down Armagh Rural Transport Partnership is a company limited by guarantee incorporated in Northern Ireland. The registered office of the 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 statements have been presented in Pound (£) 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 ilems which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Slatement of Recommended Practice (SORPI "Accounting and Reporting by Charities preparing their accounts in aOrdanCe with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As pemitted by the Companies Act 2006. the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheel. Departures from the standard formats are to comply with the requirements of the Charilies SORP and are in compliance 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 {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" Cash flow statement The company has availed of the exemption in FRS 102 from the requirement to produce 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. its financial value can be quantified wilh reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution lo be made by the executors. Income received in advance of due perfomiance under a contract is accounted for as deferred income until earned. 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 accruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Cost5 of generating funds similarly include fundraising aclivities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro- rata lo the staffing of the relevant SeICe. Finance. HR, IT and administrative staff costs are directly attributable to individual activilies by objective. Governance costs are those associated with constitutional and stalutory requirements. Tangible fixed assets and depreciation Tangible fixed assets are stated at cosl or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over Iheir expected useful lives as follows.. Land and buildings freehold Fixtures. fittings and equipment Motor vehicles 4a/0 Straight line 50 % Straighl line 50Q/o Straighl line 14
continued Down Armagh Rural Transport Partnership IA company limited by guarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Debtors Deblors 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 yet received at financial year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand wmprises cash on deposit al banks requiring less than three months notice of withdrawal. Taxation and deferred tsxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Other DFI Restricted Restricted Funds Funds 2025 2024 Unrestricted Funds DFI Restricted Income.. DRD Rural Transport Fund Assisled Rural Transport Scheme Disability Action Transport Scheme Dial A Lift Passenger Fare 287,334 68,766 179,129 2,836 275.752 76,250 186,921 2,272 Other Restricted Funds Unrestricled Funds 284,170 292,367 16.776 41,828 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2025 2024 Transport Services & Training 23,440 23,440 14,758 INVESTMENTS Unrestricted Restricted Funds Funds 2025 2024 Inveslments 9,458 9,458 729 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2025 2024 Direct servi Delivery Costs Dispatch Function Costs Adminislration & Support 470,463 150,925 56,741 1,012 12,755 126,951 471,475 163,680 183,692 444,190 171.105 150,760 678,129 140,718 818,847 766.055 15
continued Down Armagh Rural Transport Partnership IA company limited by guarantee. not havlng a share Capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 ANALYSIS OF SUPPORT COSTS 2025 2024 Audit Fees Depreciation General Expenses Bank Charges General Office Costs 2,750 104,984 5,431 350 27,203 2,500 67,851 4,309 370 26.568 140,718 101,598 NET INCOMING RESOURCES 2025 2024 Net Incoming Resources are stated after chargingl(¢rediting): Depreciation of tangible assets (Surplus)Ideficit on disposal of tangible fixed assets Auditor's remuneralion.. audit services 104,984 (4,583) 67,851 1,435 2,750 2,500 INVESTMENT AND OTHER INCOME 2025 2024 Bank interest 9,458 729 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive trustees) during the financial year was as follows= 2025 Number 2024 Number Employees 12 12 The slaff costs comprise.. 2025 2024 Wages and salaries Pension costs 186,128 4,451 188,366 4,463 190.579 192.829 16
continued Down Armagh Rural Transport Partnership {A company limited by guarantse, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 TANGIBLE FIXED ASSETS Land and Fixtures, buildings fittings and freehold equipment Motor vehicles Total Cost At 1 April 2024 Additions Disposals 8,500 45,479 10,978 (14,197) 258,285 100,000 312,264 110,978 (14,197) At 31 March 2025 8.500 42.260 358,285 409,045 Depreciation At 1 April 2024 Charge for the financial year On disposals 3,400 1,700 38,471 7,974 {9,613) 205.475 95,310 247.346 104,984 (9.613) At 31 March 2025 5,100 36.832 300.785 342,717 Net book value At 31 March 2025 3,400 5,428 57.500 66.328 At 31 March 2024 5,100 7,008 52,810 64.918 10. DEBTORS 2025 2024 Trade debtors Amounls owed by related parties Other debtors Taxation and social security costs 21,836 17.677 3,837 67,019 6,426 23,980 3,350 49,166 94,959 11. CREDITORS Amounts falling due within one year 2025 2024 Taxation and social security costs Accruals and deferred income 6.820 8,479 7.747 10,521 15,299 18,268 12. RESERVES 2025 2024 At the beginning of the year Surplus for the financial year 634,103 45,216 534,333 99,770 At the end of the year 679.319 634.103 17
continued Down Armagh Rural Transport Partnership IA company Ilmlted by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2023 Movement during the financial year 451,492 126,282 82,841 (26.512) 534,333 99,770 At 31 March 2024 Movement during the financial year 577.774 101,545 56,329 (56,329) 634,103 45.216 At 31 March 2025 679.319 679,319 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Openlng Balance Closing Balance In¢ome Expendlture Transfers DFIR ted Funds: DRD RuralTransportFund Assisted Rural Tra nsport Scheme Disability Action Transport Scheme Dia l A Passenger Fares 287.334.00 68,766.00 179,129.00 2,836.00 538.065.00 287,334.00 72,461.00 3.695.00 179,129.00 2,836.00 541,760.00 3,695.00 Other Restrict Rank Foundation Motability SHSCT 24,000.00 44222.00 - 68,222.00 18.973.00 217.154.00 161.127.00 - 75,000.00 13,356.00 22,794.00 36.150.00 56,329.00 284,170.00 265.499.00 - 75,000.00 Unrestrlcted Funds: Un restricted- Ca pitsl Replacement 280.000.00 Un restricted- Contingency 70,000.00 Un restricted Genera I 227.774.00 41,828.00 577,774.00 41,828.00 280,000.00 70,000.00 11.588.00 71,305.00 329,319.00 11.588.00 71,305.00 679,319.00 Total Funds 634103.00 8063.00 - 818.847.00 679,319.1]0 The Unrestricted Capital Replacement Reserve represents the approximate cost to fund four replacement vehicles. The charity currently has five minibuses coming up to ten years old which will need to be replaced to continue to provide all its existing seryices. 18
continued Down Armagh Rural Transport Partnership {A company limited by guarantee, not having a Share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current assets Current liabilities Total Endowment capital Expendable 199,493 598,087 797,580 Restricted trust funds 17,400 126,478 143,878 Unrestricted general funds (150.565) 497.407 {608,9811 (262,139) 66,328 1,221,972 {608.9811 679.319 14. 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 Ihe 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 of the rights ofthe contributors among themselves. such amount as may be required, not exceeding £ 1. 15. POST-BALANCE SHEET EVENTS There have been no significant events affeding the Charity since the financial year-end. 16. TRUSTEE REMUNERATION None of the Trustees received nor waived any remuneration for their services as Trustees in either the current or previous financial year 19