Company R8glstratlon NL¢mb8r N1O38364 Chatfty Numb8r= NIC10350S Down Armagh Rural Transport Partnership IA cornpany Ilmlted by guarantee. not having a sharp wil811 Annual Report and Audlted Flnancial Statements for the financial year ended 31 March 2026 Daly Park a Company Ltd Chartered Accountants and Statutory Auditors 4 Carnegl8 Str88t Lurgan Co. Arrnagh 9T66 6AS Northèm Ireland
Dovm Armagh Rural Transport Partnershlp (Acotnpany limited by gvarantsp, not having a sharecapltsl CONTENTS Page Trustees, and Other Information Trustees, Annual Report statern8nt of Trustee5' Responsibilities Independent Auditor's Report 8-10 statement of Financial Acbvibe Balance Sheet 12 Notes to the Financial Statements 13- 18
Down Amiagh Rural Transport Partnership IA company IlmltÈd by yuarantee, not havlng a share £atytall TRUSTEES, AND OTHER INFORMATION Trustees John Dakel Spiars John Francis Magennis RobertJohn Verner (Deceased 14151281 John Kane Alan Gilmo Maria Martsna Treacy IAppoinl6d 3Q April 20251 Charity Number In Northorn Ireland NIC103505 Company Rfrgistration Numb?r N1038364 Registered Qffice and Prlnclpal Addro88 10 Charfe5town Avenue Portadow Co. Armagh BT63 5ZF Northern Ireland Audltors Daly Park & Company Ltd Chart&red ArLounlanls and SlalutoryAudilors 4 Carnegie Street Lurgan Co. ATmagh BT66 SAS North8m IreLgnd Prlnclp81 Bankers D8n5ke Bank 39 Market 51 Lurgan Co. Amagh BT66 6AB Northern IreL3nd
Down Armagh Rural Transport Partnership IA company1Srnited by 9uaranlep, not having a share capttall TRUSTEES, ANNUAL REPORT forthe financial yearended 31 March 2026 The Iruslees present thèir Trustees, Annual Report, combining the Directors. Report and Trustees. Report, and the audited financi81 slalements for the financial year end6d 31 March 2026. The financial 51atemen15 are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicab in the UK and Republic of Ireland and ArGounting and Reporting by Charitie5 Slalemenl of RecommendEd Practice applicable lo charities preparing their financial statements In accordantr& with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees, Report contain5 the information wuired lo be provided in the TtUslee5' Annual Report under the Stslemenl of Recomwended Practice ISORPI guidelines. The tru51ees of the Gompany are also Gharty tru51ee5 for the putP05e 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 surnmary of 118 PU05e. governance. aclivilies. achievements and finance5 forthe financial year 31 March 2026. The cornpany is a fegi5tered Gh3rty and hence the report and resuhs a pwenled in a fotm which compl$ with the requirements of the Cotnpanies Atl 2006 and, although not obliged lo comply with the Statement of Recommended Practice (Charities SORP effecthfe January 20151. the organisalion has implemented ils recommendalions where relevant in these finanaal slalemenl5. Review ofAchievements and Performance 2D25f26 was a year of conlinued organisalional change. dvJilal developrnenl and service growth for DART. Building on the Iransformalion achieved in the previou5 year, DART further embedded digital 5yslern5 across booking. stheduling. communicatlQnS 3nd adtninislralion, whik continuing lo expand Servi reach and strengthen its ro as a modem, responsive and inclu5we comrnunity Iran5PQrt provider. Across th8 year, DART completed over 27.000 passenger trips acr055 its programmes. representing a 4.7% increase in trip numbers Compared with the pr8ViOU5 year. This growth demon51rale5 conlinuillg (lemand for acce55ible. community-based transport and highlights DART'5 ability lo increase service delivery despite ongoing financial and operational pressure5. DART'S advocacy. neiworking and community developm?nl work remained a priority during 2025126 and contributed directly to one of lh& organisalion's most significant strategic achEvemen15'. Securing sn 11% increase in core Department for Infrastructur8 funding. Throughout the year, DART continued lo make the case for a nwre secure and sustainab funding model for community transport in Northern Ireland, ernph35isin9 115 role as a foufjdalional service for inclusion. independenTr, acff5s lo health 5erviGes and regional GoTrnectivity. The funding uplfft provide5 a slrongei platform for serviTr conlinuily, operational planning and future Susiairtabilily. and rèflects grDwing recognition of the essential rgle cotnmunity transport plays in supporting people and communities. However, DART iemain$ clear that long4erm suslainabilily will rsquir& multi-y&ar funding certainty, policy 8ritY and fuller integration of communty Ir8n8POrt within the wider transport neork. A major milestone during 2025126 wa5 the successful completion of the Ihree-year Molabilily-funded Acce55 Plus project. Over the lrfelitne of the project. DART delivered 5.063 specialist trips. sUPPOrting disabled chiklren. adults. oldèr people. families and Indriiduals facing transport barriers. Th8 proiecl mad8 a significanl contribution lo access lo healthcare. education. employment, social participation and Independenl living, while demonstrating Ihe practical value of flexibl&, person-cenlred transport provision.
Down Armagh Rural Transport Partnership IA company Ilmlted by guarant*, not havSng a share capStall TRUSTEES, ANNUAL REPORT for the finantial yearended 31 March 2026 DART is also hopeful of sècuring continued Molability funding for Access Plus for the 2026-2029 pariod. Conlinu&J funding would allow DART lo buikl direclty on the 18arning, demand and impacl demon51raled during the first Ihree-year project, SUPPOrting continuity of specialist accessible transport and further developrnenl of referral pathways. partnership working and community reach. A further major dwelopm8nt in 2025126 was DART securing a signrficanl £380.000 in¥aslment from The National Lollery Community Fund for LIFT. a Specialist dem8nlia-specific transport service for the Southern Health and Soaal Care Trust area. This investment repre8enls an important expansion of DART'5 inclusive transport offer. recoynising the particular barriers face(1 by people living with dernenlia. their carers and families. The LIFT seTVite will support acces5 to health, wellbeing, social and community-b85ed activitie5. helping lo reduce i501alion, maintain independÈnce arKI improve quality of1rf8 lor people aff8Cted by dem8nlia across tha SHSCT area. DART continued lo build on its digital Iransformalion progr&mme, with digital booking systems. driver Scheduling, user communication5 and financial proTrsses now embedd&l aGros$ the organi$alion. These imprgvernent5 have supported more efficient service rnanagemeDI, better cuslorner comrnunicalion and stronger operational over5ighl. The move lo fully digital systems remains central lo DARTS abdity ltr manage rising demand while controlling administrative costs. DART also made major progres5 in developing DART Direct, 115 new driver Iraifjing afid Workfor Llevelopment enterprise. During 2025126. DART Direct achieved recognised DVSA Training Cenlre slatU5. e5tabli5hing DART as a approved prowider of professional driver training This was supported by the dèvelopment of qualified trainers across th@ kèy areas professional driver training, mental heallh training and digital marketing training. This slr6nglh6ns DART'S internal training C8pacity. cre8tes a plalfom for future earned income, and supports wider CMunity capacity-buihaing. DART Oired forrns a key part of DART'S wder sustainability slralety. with the longer-t&rm aim of generating income to cr05S-subsi(lise core comfflunily Iran5POrt setvices while also improving local acces$ lo high-quality, community-based training. The organisalion also continued lo prtsmole and develop its Dn-fund8d cora community transport seNices, including Dial-a-Lift (DALI and the Disability Action Tr8n5porf Scheme IOATSI, both of whith experienced strong grovrth during 2025126. DAL increased by 9.5%. rising from 8,166 trip5 in 2024r25 10 8.939 trips in 2025126. while DATS increased by 4.5%. frow 5.458 trip5 in 2024125 lo 5,702 trips in 2025126. This growth aGf055 both services highligh15 5uslaineil demand for Èccess1blÈ. comrnunity-based transport and underlines DART'S Gonlinuing rolÈ in connecting peop to 8$senlial servicas, reducing Isolation and 8UPPOrting partLipation In e¥eryday ongside this 51ralegic advocacy, DART slrenglhened 115 loGal partnetship through aGlive engageTnenl wilh key community and health netWOTk5. inGluding the ABC Conned Well Live Wtll Nplwork. ABC Community Nelwotk, ABC Seniors Network. ABC Loneliness Network, Verve Healthy Living Nem0. Choic8 Housing Advisory Group for Craig8von. 2nd the Age Friendly Allianc8. This community development Wofk helped DART remain closdy connected lo local nèed. improve referral and signposting pathways, and ensure Ihal transport barriers were represenled within wider conversations on health, ageing. loneliness, housing, inclusion and community wellbeing. Overa11. 2025126 was a year of growth, Con501allOn and 5tralegi¢ positionill9. The completion of the Ihree-year Molabilily-fvnded Access Plu5 projetl. the delivery of 5.063 specialist Inps. th8 achievemènt of over 27,000 total passenger trips. thè Securing of an 110K increase In core Dfl funding. the award of £380,000 from Tr8 Nalional Lotiery Community Fund for LIFT, the development of DART Diiecl. and the slEnglhening of community partnerslips show th31 DART continues to meet a significant growing communty need. Building on the 51ralegic achievemeD15 of 2025126, DART enlers the next financial year with a c8 foGus on sustsinability, accessibility, partnership and long-lerm Social impact. Flnanclal Results At the end of the financial year the company has assets of £563,901 12025 - £694.6181 and liabilities of £89.144 12025- £15,299). The net asset5 of the cnpanY have decreased by £128.2741. Trustses The Iru5tees who served throughout the financiol year. èxcept a$ noted, w2re as fallows". John Dakell Spiers John Francis M8gennis Rob8rtJohn Varner ID8ce8sed 1415r261 John Kane Al3n Gilmore Maria Martin8 Treacy IAppoint8d 30 April 20251 In accordance with th8 ArtiCS of Association, tha directors r&tire by relation and. bein9 digib, off6r themselves for el&clion.
Down Armagh Rural Transport Partnershlp IA¢omp8ny Ilmltèdby yu#r&nts. nDt h&vlng ajhirp TRUSTEES. ANNUAL REPORT lor Ihe finan¢lai yoar &nd8d 31 March 2026 Compllancgwllh Sertor-wlde Leglslallon and Standards The Company qngages pro-actively wlh legislatiDn. Standard5 and GDdes which are devdoped lor the sector. Down Armagh Rural Transport Padnership subs(xibe5 to and is Comlant wlh the followng.. The ¢ompanie5 Act 2006 The Charits25 SORP IFRS 1021 Reseryes Pollcy The Irtg reserves largel of betwe8n three 10 Six monlhs tunning costs. up lo a maKlmum 01 £420,000. 1$ s11 d8etned approprtale. In addition. the rapital rePCe[ent reserve largel is still £280.(MK). lch Iruslees frÈl be sU1¢ient for the r4)Locemenl of fitel vtrhi¢le$ and a¢¢ts$ib10 equlpmenl as ihey reath the end of their natural lffe cycl8. No change w8s made to Ihe lIgOn re3etve. The Tw51ees feel that these leve15 of res8pS are essential to enable the Charlty to lInve lo provlde ib aCtth¥s for Ihp10195epabl8 future. The Re5eNe5 Policy is an inlegfal part ol the charity'3 plannlng. budget and for8¢8sls Publ1 Bpr¥¥fit In Setting our objd¢liV$$ and annIng our &¢tlvlties for Ihg ye8r the trustees have gwen Caref considBrnlron to Charily Comm15siw for Northem Ireland's gui(knro on public bqnefil to en5uFd ihat acb¥ilie5 have helped achieve the charity purpose9 and provide a bfjrhtrfil to the benEfi¢l¥rlB¥. Down Armagh Rur4 Transp1 IDARTI Partnership exi515 to develop, deliver and maintain not-for-profil ¥¢e$8ib community InSpOrt Options fvrlhè publk btneffltof our m8mbers. Our publlc beneffl provided through our IT8nsport sepA¢es reducos 50cial isolation and sorAal exc1u5ion by reachlng the hard lo reach and providiro acce9s lo es$enllal $Èrvl¢o8 and conn¢¢lion$ to ihe community. Our so¢08 Nnprove tha quality Df lrfe and heamh and for OUT user5 by erEabllng acc995 to he811h and DARfs services B150 lar1 $oclal need by 18¢iIIL91ing access to lrnlnlno aDd etnploymenl opportunibes lor our rnembe. Our organlsaiion is commiii¥d to community dgvdopmenl principle5 and wg work In closa parlnorshlp th other orggnisaons and Ghadues engaged in prornoting th8 relial of ptrtsons svho are in noed thugh the provision of appropri819 services. Olher dired benefi15 include the pmmolK>n of volunteering and training which provide9 public benefil lo giDtsP5 and communilips aDd the plov15Tr of accredlled drivBr training which enhances th& skills and personal development of cornmunity volunteers. The Auditor5 The auditor5. Daly Park & Company Ltd. (Chartered Accounlantsl have indlcal$d Ihèli llIno$S to ¢Dnlinup in office in atrDTdaD¢e wlh provisVJn5 01 Secbon 485 of the Companie5 Act 2006. Appvove(E by tho Board ol TrnstO•8 on antl $lgMd on It$ behalf by. JohTr Fran¢ls Magenn Dlrg¢tor ¢LlAln Glknore Direclor
Down Amagh Rural Transport Partnership IA ¢&mpony Ilrnlt•dby guarBnt•fr, not havlfig a sharo caplW} STATEMENT OF TRUSTEES. RESPONSIBILITIES for Ihp finaTKial ygar6rded 31 March 2026 The Irusleès, who are also dliBrtot5 of DOWD Armagh Rural Tiansport Partnenship for tha purpos99 of cthmp8ny law. arè respon$iblg fDr prepariTrg Ihe TrTranGial sialement5 in accordance WI applicable13w and gUlatiOns. CornpBny law requires the busloes a¥ Ihg ¢Jiractor5 lo prepare financial &latements for each finèncial wr UndBr thAt law Iru51ees have dected lo préPAfè the ffnonclal statempD15 in accordance wlh United Kin10 G8neral AcGepled Accounting Practice (United Kingdom Actounting standards and appli¢able law) including FRS102 rhe Fln8D¢lal Reporting Standard applic8ble in the UK and Republic of Ireland. Under ¢ompaDy the Iruslee5 must not appfove the finan¢lal slal8rnenls unle55 Ihey are sa115fied that Ihey give a Iiue and falr vlew of the siale of affair5 of Ihe company ol Lhtr fjEI Incomp OT expendilU ol the cornpany for that periDd. In preparing Ihese financlal slatÈmonts. tho Iru$ips¥ are required Ig". Sele suitable aCUnting pollcies and apply thom ¢on$l$bnUy', observe Ihe methods and principles in the Charilieg SORP.. makojud9emen15 and aGcounbng esknmales Ihat are reasonablo and pwdeni., $lale whether the financial 5talemen15 have been prepared in accordanc& wllh ap1¢81$ ac¢ouniing standatds. IdÈnllfy Ih¢$o siandatds. and note the effect and Ihe reason5 for any malerla1 depariur8 from Ihoso $tsDdatds". and prepare Ihg ftnan¢41 slalomnts the going concem basis unle55 il 15 inappropriate lo prasume that the companyvAII coDUnue In wtrauon. A5 explain8d in note 3, slate whelherlheChÈrttles SORP l$Tfs¢liv8 January 20151 has beqn fdk>wed,. The trtsstees ar¥ rgsponsible lor keeping adequate arxountiw record5 are surrpcnl lo show and explain the company's Iransaclitsns and di1059 wilh rea50nable accuracy at any Imne Ihe financial posilion ol th8 company 3n(f enab them lo Ènsure Ibet financi81 slaletnenis with the compani Act 2006 and. Th8y are also responsible lor s8feguarding the as5eis Df lh& company ¥nd heD¢e forlaking ieasonaLle steps fDr the preVentn and d818Glion of fraud and other irregularilEs. In so far 88 tho Injsteos are awdre.. th8re is llo relavanl audil inlDrmalion lintcmiallon neodèd by lh• ¢ompaDy'8 audltor in Connecti wth pParir th9 auditors report) of which the ¢Dmpany$ $udltor 1$ unaware. and the trustees have taken all the slep5 Ihal Iheyoughl Lo hove 18ken as Irusle6$ In ordèrlo make IhBmsdves avrdre of any relevant audil inforrTiabon and to aslabksh Ihatthe Company's auditor Is aware of Ihaiinfomaiion. Appioved bythe Board of Yrusto•s on
nd 8ign8d on its behalf by..
John Francls Magèn Dlrectcf lan Gllmore Dlroelor
INDEPENDENT AUDITOR'S REPORT to the Members of Down Armagh Rural Transport Partnership IA company Ilmited by guarantBg. not h3vlng w share capi) Roport on th6 audlt of tho financlal statement8 Oplnitsn We have audited the company financial stslemenls of Dow Armagh Rural Tran5POrt Partnership Ilhe company'l for the financial year ended 31 March 2026 which comprise thè Slatemènl of Financial Aciivilre5 lincorporaling an Income Ènd Exppnditure Accounll. the Balance Stteel and llolès to the financial 51alernenls. including the summary of significant accounting policies sel out in note 2. The financial reporting framework that has bsen appli8d In Iheir preparalioTr applicable law alld United Kingdom Accounting Standards, including FRS 102"The Financial Reporting Stsndard applicable in the UK and RepubliG of Iieland AGcounling and Reporting by Charities-. Slalemenl of Re¢omtnended P[aGli opplicable lo charitie5 prep3riTrg their aGGounts in aGGordance with FRS 102. In ouropinion, when reporting in accordanc& wth a fair pr8senlation frameworkthe financial slalements.. give a ITue afKI fair view of the 51ale of the company's affairs a5 al 31 March 2026 and of ils deficit for the financial year then ended., have been properly ppare{l in aGGordanGe with United Kingdotn Generally Arcepled AGcounting Practice.. and have been prepared in accordan with the rèquirsnenls of the Cotnp3nies AGI 2006 and the chalieS Act INorth8rn Ireland) 2008. Basi5 foropinion We conducled our audit in aGGordanGe with International Standard5 on Auditing IUKI IISAS IUKII alld applicable law. Our responsibilities under those standards arè further described in the Audiloi's responsibilities for the audit of the financial slalam8nls $8clion of our report. W8 ar8 ind&p8nd8nl of th8 company In Èccordance with ethical requir8m&nls that are rel&vant lo our audit of th& financial statements In the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical respon5ibililies in accordance wilh these requirements. We b81ie¥8 that th& audit evidence we have obtained is sufficient and appropriate lo provide a ba515 for our opinion. Conclu$lons rtrlaung to golng conctrrn In auditing the financial slatemenls. we hav& concluded that the Iruslees. u$8 of the going conom ba5i% of accounting in the prep8r8lion of th8 financial slalem8nls Y6 appropriate. Based on the work we have perfottned, we have not identified any malenal unrt81ntS relating lo 8vents or conditions that, Individually or collediv&ty. may cast significant doubl on the company's ability to ronlinue as a going concÈrn for a period of 81 lÈast twelve months from the dale when the financi81 st8temenls are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo goiw concern are described in the rakvant seGlions of this report. other InfomaUon The other Information comprises th8 Infomalion induded In the annual report other than the financial statemènts and our Auditor's Report Ihereon. The Iruslees are responsibk for the other Infonralion contained within the annual report. Our opiTrion on the financial statements doe5 not cover the other information and, except lo the axlent otherwisè explicitly slated in our rÈptsrt. we do not express any fortn of assurants conclusion Ihereon. Our responsibility is lo read the olh8r infomiation and. In doing so, consid&r whÈlhèr th8 other informalitrn 1$ materially Inconsislenl with Ihe financial sla18m8nls or our knowledge obtained In the course of the audiL, or otherwse appea lo be materially misslaled. If we identify such material inconsistencies or appalenl material m18slalements, we are required to determine whether this give5 rise lo a material mis518lement in the financial slalement5 Ihemselv8s. If, based on the wotk we have pertotrne(l. we Goncivde Ihal there is a material Tni5Stalemenl of thi5 other information, we are required lo report that fact Wè have nothing lo report In this regard. Opinitsn on other mattel pr¢$cribed by the Companies A¢t 2006 and thp Charitie¥ AGt INorthgTn Irglandl 2fy)8 In our opinion, based on Ihe work undertaken in the course of the audit.. the infom181 given in the TN5tee5' Annual Report forthe financial year for whh the financial statements are prepared is con5i5telll wlh the financial stalemenls, and the Tru51ees' Annual Report ha5 been prepared in aGcordance with applicaile legg1 requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Down Armagh Rural Transport Partnership IAcompany limited by guaranlep. not having a Share capftall Matters on whlch we are requlr8d to report by excepuon In the lighl of our knowledge and understanding of the company and it8 snvironmenl obtained in th& coursè of the audit, we have Trol identified material wisslaternenls in the TN51ee5' Annu81 Report. W& have Mlhing lo report in respect of the following mallers where the Companie5 Act 2006 requires us to report lo you if, in our opinion.. adequate accounting record5 have not been kept.. or the financial stslemen15 are not in agreetnenl with the accounting records and relums,. or ertain disc105ures of tru51ee5' remuneration speofied by law are not made., or thè Iruslees were not entiiied lo prepare the financial 51aletnents in accordaTrce with the small companies regine and lake advantage of Ihe small compani85' &xemption In pr8paring the TrusleÈs' Annual Report. Re5ponsibilltie5 01 truslees for the financial statements As explained more fully in the Slalemenl of Trustees, Responsibilitie5 set out on page 7. th& Irusleas are responsibl& for the preparation of thè firtanaal sialemenls and for being satisfied that they give a true and fair view. and for such inlemal control as thèy delemine ts necessary to enab the pparation of finanGial 5tsternenls Ihal are free from material misslalemeDI. whether due to fraud or error. In preparing Ihe financial 51atemenls. the ITUStee5 are responsible for as5es5ing the cornpanls ability lo continua as 8 going contem. discltr$ing, Ès applicable. tllallet5 related lo going concerTr and using the goiry concem basis of accounting unless managemÈnl either intends lo Iiquidale the company or lo cease operalion5. or has no realistic atternalive bul to do so. ALtditorfs responsibilities forthe audit of the finanGial statements Our objectives are lo ablain reasonable assurance about whether the finanoal slalements as a whok are free from rnaterial ffli55talement. whether due to fraud or etrvr. and to issue an Audilof5 Report that include5 our opinion. Reasonable assurance Is a hvjh ¥&1 of assurance. but Is not a guarantee that an audit Gondvcted in accordance with ISAS IUKI will aayS delecl a material mi551atemenl when il ex15ts. Misstatem8nls can arise from fraud or error and are Gonsidered material if. individualty or in the aygregale. they coukl reasonab b8 expect8d lo influence the e¢¢notniG deGi510ll5 of users taken on the basis of Ihe5e financial Statements. Irregulari11è8. including fraud, are Instances of non-compliance with laws and regul3lion5. We design procedures in line with our responsibilities, outlined ab0¥8, to delecl materi21 misstat&menls in respect of irregularities, including fraud. The extent lo which our procedures are capaNe of detecting irregulan1185, including fraud B d&tailèd b810w". Th&o is an inherent difficulty in deleclillg irregularities during audit. However the effeCteneSS of entity's controls, th8 nature and extenl of audit procedurès performed, 9iv&s us confidence in deleGling itregularities Furthor InforniaOn regardlng th8 scopo of our rosponslbllltfes as audltor A5 P8rt of an audit in accordance with ISA5 IUKI. we exercise professional judgement and maintain professional $(tpliristn Ihroughoul the audit. We a150.- Idenlrfy and assess the risks of tnalerial misslatetnenl of the whether due lo fraud or error. design and perfomi audit procedurès responsivè lo those risks, and obtain audit evidenGe that 15 5ufficienl appropriate lo provide a ba81s lor our opinion. The ri8k of not d&lecling a m818rial mi%slal8m8nl resulliffj from fraud 15 hwher than for one resutting fiom error, as fraud rnay involve collu510n, forgery, inl&nlional omissions, misrepresentations, or th override of intern81 control. Obtain an under51aTrding of intemal control reVant lo the audit in order lo d65ign audit procedure8 that are appropriate in the circutnslance5. bul not for Ihe purpose of expressing an opinion on the effectiveness of the compÈny's inlemal control. Evaluate thè appropriatèness of accounting policiès used and the rea5onablene55 of accounting eslimales and related disclosures made by Iruslees. Conclude on the appropri¥teness of the Iruslees, use of the going concern basis of accounling and. based on the audit eviden obtained. whether a material uncertainty exis15 related lo events or conditions that may cast s1gnrfaI dobI on the COTnpany's ability lo continue a5 a going concern. If we conclude that a mal8rial nGertainty exists. we are required lo draw attention in our Audrtofs Report to the related d15closures In the financial statements or. If such disclosures are inadequatè. lo modify our opinion. Our conclusions are based on the audit evid8nc8 obtained up to the date of our Audilols Report. Howevèr. future event5 or Gondilions rllay cause the company lo cease lo continue as a going conc8rn. Evaluaie the overall pre5enlalioD, structure an(1 cofjtenl of the financial slalemanls, incSuding the disclosures, and whether the financial 51atemenls repre5eot the undetlying transactions and events in a manner that achi8v88 fair pSeallOn.
INDEPENDENT AUDITOR'S REPORT to the Members of Down Armagh Rural Transport Partnershlp IA ¢ompany limitgd by guarpntep. not having a Sharo capitsll We communicate wilh those charged with governance regarding, amow other matters, the pned swpe liwing of Ihe audil and signrficafil audit finding5. induding any significant defici8ncN8s in internal control that we Identify during our audit. The purpose of oui audlt work and to vthom we owe oui responslbllttles This report is made solely lo the company's m8mbers, as a body, In accordance Chapter 3 of Part 16 of the Companie5 Act 2006 and the Charities Act INorthem Ireland) 2008. Our audit work has been undertaken so that we might Stale lo the cornpany's member5 those mallers we are required to 51ale lo them in an audilo¢s report and for no other putpose. To the fullest extent perTnitteA by law. we do not accept or assume responsibility lo anyone other than the company and th8 company's mèmbers as a body. for our audit work. for this report. or for the opinions we have formed. Rua5rl M nn ISeniorStatutory Audltorl for and behalf of DALY P K & COMPANY LTD Chartered Accountants and SlaluloryAudilor5 4 Carnegie SlreEI Luryan Co. Armagh BT86 SAS Norther and
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Down Amiagh RLEral Transport Partnership IAcornp&ny 1Smll•d by HuaiantoA, ntst havlng a $harè¢Jpltall Company Numbèi.. NIO38364 BALANCE SHEET as at 31 March 2D26 Flxed A$$ets Tangle as5eis 252 66.328 Currgnl Aswts Oeblors Ca$h al bank and In 10 70,798 556,036 49.166 579.124 666.834 628,290 ¢TOdttois.' Amounts falllng wlthln ono year 117,6811 Nèt Currant A¥sst$ 649,153 612,991 Total Assets less CurrentLlab1llÈS 653.Q45 679,319 Funds Designated funds IUnresiriGtadl General fund lun$tted) 350.oll 303.045 350.( 329.319 Total funds 653.045 679.319 Thesg finanrdal siatemen15 have been prepared In 8Kordan¢e wth S81 prow5ions reIng to srnall companies wlhin Part 15 01 the Companies Acl 200fj. ApprovBd by iho BoaTd vl Trustqes and authorlsed for15sue on li b8hall by And slynèd On Itg John Fr8n¢ls Mag• Dlrector Alan Gllmore Dlrector
Down Amiagh Rural Transport Partnership IA company limitEd by guyr3ntge. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2026 GENERAL INFORMATION Down Amagh Rural Tran$wrt Partnership 15 a cornpany limited by guarantee incorporated in Northèm Ireland. The registered office of Ihe Gornpany 10 Charlestown Avenue, Portadown. Co. Armagh. BT63 5ZF, Northern Ir&land which Is also the principal place of busine55 ol the cornpany. The financial slalamenls havt been presented in Pound 1£) which is abo the functional currèncy of Ihe Gompany. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting poliaes have been applied con$i$ienlly in dealing with items which are consbaered mslerial in relation lo tha charity's financial slalemenls. Basis of preparatlon The financial slaletnent5 have been prepared under the historical cosl convention, modified lo include certain items al fair value. The financial slalemen15 have been prep8red in accordan with the Statement of Recomm&nd8d Practice ISORPI "Accounting and Reporting by Charitie5 preparing their accounts in accordance with th8 Financial Repong Standard applicable In the UK and Republic of Ireland FRS 102" A5 perrnilted by the CThmp8nies Act 2006, the company has ¥ard the standard fomais in that aGt for the Slalement of Financial Aclivils and the BaLance Sheet. Departure5 frorll the 51andard fomals are to comply with requirements of thè Charities SORP and are in coffjpliance with Section 4.7. 10.6 and 15.2 of that SORP. Slatement of compliance The financial 51alemeDls of the Gornpany for the financial year ended 31 March 2026 have bÈÈn prepared on the going concern basis and In accordance th the Slalemenl of Recommended Practic& ISORPI 'Accoufjling and Reporting ty Charities pr8paring ltteir accounts in acGordaTrff with the Finallcial Reporting Stsndard applicable in the UK and Republic of Ireland FRS 102.. Cash flow 5tstement The company has availed of the exemption in FRS 102 from tha requiremanl lo produce a cash flow slalemenl b8caus8 it cla8sified as a small company. Incoming Resources Voluntary incom8 or capital is included in the SlaleTnenl of Financial AclivitEs when the company Is al enlilled lo it, its financial value can be quantified with reasonable certainly and there 15 reasonable certainty of its ultimate receipt. Enlitl8m8nt l018gaci8s Is considered Èslabli$hed when the Gompany ha5 been notified of a di51ributioo lo be made by the executors. Income received in adv8nce of due pèrfottnance under a contract is accounted for as deferred inmme until eamed. Grants for activities afè recogni5ed a5 income when the related conditions for kgal enlillement have been met. All other income is accounted for on an accruals basls. ResoufC88 Expended All resources expended are accounted for on an accruals basis. Charitab aGlniitEs indude costs of servic88 and grants. 5UPPOrt Costs and depreciation on related assals. Cos18 of generating fundg sitnilarty inGlude lundraising actllIes. Mon-5taff costs not allribuled lo one category of activity are allocated or apportioned pro-ra18 to the staffing of the rÈltvant setvice. Finan. HR. IT and adminislralive staff costs are dir8CtIy attributablè lo individual adivilEs by Dbjective. Governance costs are Ih05e associalsd with conslilulional and slalulory requiramants. Taftglble fixed assets and depwiation Tangible fixed assets are stai&d ai cost or al valuation. le55 accumulated deprecKglion. The charge lo depreciation is c81cula18d lo write off the original cost or valualivn of tsngibk fL¥ed assets. le55 their eslimal residual value, ov&r 1h8ir8XP8cled usèful lives as follows-. Land and building5 freehdd Fixtures. fitting5 ond equiptnenl Motor vehicles 4% StrawJhl Ie 50% Slraighl line SOQK Slraighl line
continued Down Armagh Rural Transport Partnershlp IA compony limited by guarantep, having a share capilall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2026 Debtots Debtors are recogni$Èd ai the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid n&t of any trade discounts due. Income recounised by the company from govemmenl agencies and other co-funders. but not yel received al financial year ènd. is included in deblor5. Cash at bank in hand Cash al bank and in hand Gompri5e$ cash on deposit at banks requiring le55 than three months. notice of ittdrawal. Taxation deferred taxation No current or defÈrred taxation aris&$ as the carnpany has been granted charitable exemption. Irreceverab valu8d added lax Is èxpensed as Incurr8d. GOING CONCERN Al the dale of approval of Ihèsè finantial stslernen15. the charity ha5 yet to receive fornial confinralion from the Department of Infr35truGture in relation to the 2026127 funding for the Rural Transpori Fund and Assisted Rural Tr2vel Scheme. Thi% funding amounted lo £350,898 in Ihe 2025rk6 financial year. In the inl8rim period, the ch8rity is currently reIving monthly grants on a similar 18v81 lo th8 funding provided for 2025126. Th truslee5 are confident Ihal a fotrnal letler of offer and agreement of the 2026127 funding packagè will be agreed shorNy. In this interim period, the Iruslees are carefulty Managing cashflow and are in th8 procèss of looking ai Other sourGe5 of income. Delays in the confitrnalion of these grants h85 been th? norm in recent yèats. The Itustee$ continue ID prepare Ihe financial 5ts1emeDls on a going concern basis. INCOME Unrestrfcted Restrlcted Funds Funds DFI Restricted Funds 2026 2025 DFI Rèstrfcted funds Rural Tran5POrt Fund Assisted Rural Transport Fund DAL Generated fares 140,020 32,001 4,930 140,020 32,001 287,334 68.766 4.930 2.836 176,951 176,951 358,936 other Restricted funds Disabilty Action Transport Schem8 SHSCT 178,877 23,786 143,216 178,877 23.786 143,216 179,129 22,794 217,154 44,222 Motability Grant R8nk Foundation 345,879 345.879 483.299 Unrest¥lcted funds DFC 4.482 4.448 23,440 9,458 Oonalion5 Transport & training Service$ Investment Income 23A73 14,137 23,473 14,137 3710 37.610 41,828 TOTAL INCOM 3710 172.021 345.879 5fj0,440 864,D33
continuè Down Armagh Rural Transport Partnership IA company limited by guarantBe. havlng 8 ¥h4ro ¢4p1tl NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2026 EXPENDITURE HARITA8LE ACTIVITIES Direct Co$ts othgr Costs Support 2026 2025 Direcl se1 Delivery Costs tlespalGh Fun¢tion Costs Admini51ralion & SuppDrt 261,263 170.166 57.023 261,283 181,325 144,106 471,475 163.680 183.692 11.159 87.083 488.472 98,242 586,714 818.847
continued Down Armagh Rural Transport Partnership IA cotnp4ny lirnitod by guorantEo. not having & ¥hAT@ tapit811 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2026 SUPPORT COSTS Charitable Activities 2026 2025 AuJil fees Dppreuation General 8XP8n888 Bank chargas General office costs 3,000 66,B23 6,110 372 21,937 3,000 66,823 6.110 3n 21.937 2,750 104.984 5.431 350 27.203 98,242 98,242 140,718 NET INCOMING ResouRCES 2026 2025 Net InGoming Re50urGes are Stated atterGhargIngllGditiD)'. Depreciation gf langible asse15 Isurplusl on disposÈI trf tangible fixed assets AL1101$ remuneration.. - audit servi$ 66,823 16.2081 104.984 14.5831 3.wo 2,750 INVESTMENT AND OTHER INCOME 2026 2025 Bank interest 14.137 9,458 EMPLOYEES AND REMUNERATION Number of employge5 The average number of pet50ns employed (including eKecutive Irusleesl during the financial year wa5 as follow5." 2026 Numb8r 2025 Number Employee5 12 12 The staff costs compr188'. 2026 2025 Wage5 and 531arie5 Pension G0515 198,905 3,714 186.128 4,451 202,619 190.579
¢onlinued Down Amiagh Rural Tran5POrt Partnership IA company Ilmlted by guarantee, not havlng a share capllall NOTES TO THE FINANCIAL STATEMENTS forthe financial yearended 31 March 2026 TANGIBLE FIXED ASSETS Land and Fixtures. buildings fitting5 and freehold equipment Ilotor ehicles Total Cost At 1 April 2025 Additions Di5posa15 8.500 42.260 4,387 358.285 409.045 4.387 134,7851 134,7651 Al 31 Marsh 2026 8,500 48,647 323,520 378,667 Depreciation Al 1 April 2025 Charge for the financial year On disposals 5,100 1,700 36,832 7,623 3LK),785 57,500 134,7651 342,717 66.823 134,7651 Al 31 March 2026 6,800 44.455 323.520 374.775 Net btrok value Al 31 March 2026 1.700 2,192 3,892 Al 31 March 2025 3.400 5,428 57.500 86,328 10. DEBTORS 2026 225 Trade debtors Atnounls owed by related parti8S Other debtors Taxation and swal security Gost5 24,245 12,733 29.993 3.827 21,838 23.980 3.350 70,798 49.166 11. CREDITORS Amounts falling du&within one year Taxation and social s8curiLy Costs Accruals and deferred income 2026 2025 8,382 9,299 8,820 8,479 17.681 15,299 12. RESERVES 20Z6 225 Al the beginning of the year IDeficilllSurplu5 forlhe finanual year 679,319 126,2741 634,103 45.216 Al the end of the year 653,045 679.319
¢onlinued Down Armagh Rural Transport Partnership IA company IlmSled by guarantee, not havlng a share capilall NOTES TO THE FINANCIAL STATEMENTS for th& financialy88r ended 31 March 2026 FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unre5trirted Fund$ Total Funds Al 1 April 2024 Movement during the finanGialyear 577,774 101,545 634.103 45.216 Al 31 March 2025 Movementduring thefinanGial year 879,319 126,2741 679,319 126,2741 At 31 March 2026 683,045 653,04S 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balancg 1 April 2025 Income Expenditure TraTr5fe be¢ven funds Balance 31 MarGh 2026 DFI Reslricled Funds Soulhem Health & Social Care Trust Molabilty Disability Action Transwrt Schetne 176,951 23,786 177.851 23,786 143,218 178,877 143,216 179.659 522.830 524,512 UvrestriGted fund5 Unrestricted Capital Replacement Unre5tricled- Contingency Unre51ricted General 280.000 280,LKIO 70.000 329,319 70,000 303,045 37.610 62,202 11.6821 679,319 37.610 62,202 11,6821 653,045 Total funds 679,319 560,440 586,714 653,045 The unreslricled capital replacement reserve represents the approxim8te cost lo fund lour replacèment Vehic%. The charity turrentty fleet includes a number of minibu88s coming up lo len years old and which will ne8d replaced to enab the charity to Contin to provide all its existing 5ervic65. 13J ANALYSIS OF NET ASSETS BY FVND Fixed assets . charlty Current asstrts Current Ti)tsl Unreslrited gen8ral fund8 3,892 668,834 117,6811 653,045 3,892 666,834 117,6811 653.045 14. STATUS The ¢ompany is limited by guarante8 not having a shara capital. The l*bility of the memb8r8 is limited. Evfrry member of Ihe company underfake5 to Gonlribule to the a55e15 of the company in the event of 115 being bvound up while they are members, or within one ye2r thÈreafter. for the paym&nl of the debts and liabilities of the company conliaGled before they aSe(l to be members. and the costs. charges and Èxpenses of winding up, and for the adiuslmÈnl of the rights of tha conlribulors among Ih8mselv88, such amount 88 may be requid, not exceeding £ 1.
continued Down Armagh Rural Transport Partnership IA company limited by guar¥ntgo. nDt having 8 ¥h3re capilg11 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2026 RELATED PARTY TRANSACTIONS During the yèar. wages wer8 paid lo a Iruslee ferdrmng seNic8s lolalling £3.53012025.. £NILI. 16. POST.BALANCE SHEET EVENTS Tere have been no 5ignifiGanl even15 HfFeGling the Charity Sin the finanrial yearnd. TRUSTEE REMUNERAnON None of th8 Iruslees received norwawed any remurEra1)n fOrt1r seN1$ as Trustees in eilherlhe currentor previou5 financial year.