Company registration number: Nl 050839 Charity registration number. NIC 104536 South Antrim Community Transport (A ¢ompany limited by suorants¢) Amiual Report and Financial Ststements for the Year Ended 31 Mah 2023 TB Millar & Co Chartered Acuntant & Regi$t¢red Auditor 6 Doagh Road Ballyclare Co Antrim BT39 9BG
South Antrim Community Transport Contents Reference and Administrative Detai 2to5 Statement of TnceS. ReSponSi111t1es Independent Auditors. Rert 71010 Statement of Financial Activities Ilto12 Ba]ance Sheet 13 Statement of C&8h Flows 14 Notes to the Financial Statements 15to26
South Antrim Community TraDSPOrt Reference and Adminlstrative Details Secretsry Mrs H C Hendry Prineipal 01¢¢ Unit 30 Dennison Industrial Estate Mill Road Ballyclare Co Antritn BT39 9EB The ¢harity is incoTPOrnted in Northern Ireland. NI 050839 Company Registration Number Charlty Reglstratffion Number NIC 104536 Bankers Danske Bank Bal]y¢lare 18 The Square Baltyclare BT39 9BB Auditor TB Millar & Co Chartered Ae¢ountant & Registered Auditor 6 Doagh Road Ballyclare Co Antrim BT39 9BG
South Antrim Communlty Transport Trustees, Report The trustees, who are diredors for the purpose$ of cornpany law. present the annual report together with the financial ststements of the charitable company for the year ended 31 March 2023. Trustees Mr H Marroty Chairnian Mrs E A Bell MBE. Treasurer Mr R Arn)our Mrs M P Bogle Mr J M A Farquhar Mr H Gribbin Mr J Greer Mrs H C Hendry Mr V Robinson Mrs D Hopper Objectlves and actlvltles Our charitys purpose as set out in the objects contained in the companys memorandum of association is lo: Reduce social isolation by providing a communlty transport service for such of the inhabitants of South Antrim and its environs ("the area of benefit") who are in need of such a service beuse of age, sickness or disability (menlal or physi¢al), or poverty, or because of a lack of availability of adequate and SAfe publi¢ passenger services, without distinction of se& ra¢e or politi¢Jl, religious or other opinion as set out in Section 75 of the Northern Ireland Art 1988 We review our aims. objectives and tIvItieS each year. This review looks at what w¢ achievel and th¢ outcome of our work in the previou$ 12 months. The review looks at the success of each key activity and the benefits they have broughi to those individuals and groups of people we are set UP io help. The r¢vi¢w also helps us ensure our aim, objectives and activities remained focused on our ststed Purpo$. We have referred to the guidanrx contained in the Charity Commission's general 8uidan¢e on publi¢ b¢n¢fit when reviewing our aim and objectives and in planning our future activities. Our main objfxtives for the year continue to be the provision of a¢¢egsible and affordable transport in th¢ South Antrim area to individuals and groups livin8 in South Antrim and its environs ('the aru of benefit.), particularly people with reduced mobility. How our A¢tlvltles dellver publle benefit Our main activities and who we ty to help are des¢ribed below. All our charitable activities focus on the provision of accessible and affordable transport in the South Antrim area to individuals and groups living in South Antrim and its environs {"the area of benefit"), particularly people with reduced mobility. Page 2
South Antrim Community Transport Trnstees, Report South Antrim Community Transport is a membership only organisation which provides an affordable. accessible transport service to individuals and groups from within ow designated area that have difficulty a¢Ssing ¢onv¢ntiona] forn of transpo For the year Aprfl 2022 to Mar¢h 2023. South Antrim Community Transport provided the following service8: - Dial-a-lift seThi¢e for our individual services. - Cornmunity Wheels service. allowing individuals lo travel outside the operalional area. - Group Transport Service - Door-tO-Door s¢rvice on behalf of Disabllity Action in the urban towns of Antrirn and Larne. We achieved this with the fmancial services from Deparknent of InfrtrUCtUre (DFI), the Departsnent of Agriculture, Environrnent and Rural Affairs (DAERA), Disability Action (DA), and The National Lottery Community Fund for Northern Ireland. During the financial year. we provided th¢se services with the assistance of volunteer drivers who have r¢gi$t¢red with us to provide transport for our clients. Equal access to our services is an important issue for us. We have monitored access to our services by recording gender. disability, maritsl status, elhnicity. sexual orientation and religion of our Clients. We believe equal access lo our services is vitsl to our success. All information provided by our Clients is ¢ov¢red by the Data Protection Act J988. Flnan¢lal Revlew Our continued success in the w year has been due to the Continued sound financial management and the support of both staff and volunteers. The dlre¢tors are responsible for keeping adequate coUnting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the ¢ornpany and enable them to ensure that the financial ststements comply with the Companies A¢t 2006. They are responsible for safeguarding the assets of the company and hen¢e for taking reasonable steps for the prevention of fraud and other irregularities. The directors have $ured new funding for the year 2023 - 2024 as outlined below. The directors can confimi the Deparknent for Infrastructure grant has been used solely for the purposes for whi¢h it was provided. Aside frorn the income genernted by our Group Transport Service provlsion, the Directors have secured fiulding from the Department for Infrastructure until June 2023. In addition to this, fundlng has also been secured from Disability Action, a subsidy from the Department of Agriculture Envlromnent and Rural Affairs (DAERA). Again, this funding has only been secured until June 2023. We also recelve funding from The National Lottery Community Fund for Northern Ireland, and we have a new fimding strearn from Motability UK from July 2023 to June 2026. The Management Committee has examined the charitys requirements for TgrY¢S in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or inv¢sted in tangible fixed assets held by the charity should be 3 months. These reserves are needed to meet the working Capilal requirements of the clwity and the Management Committee is confident that at this level they would be able to ntinue the cumt activities of the charity in the event of a significant drop in fundin& The reserves required in March 2024 are £281,109. Ow net assets on 3 1st March 2023 are £377,235. Pag¢ 3
South Antrim Community Transport Trustees, Report Plan$ for the Future South Antrim Community Transport aims to conlinue providing an affordable, accessible transport service to individuals and wups from the South Antrim area and its environs ("the area of benefit.) that have difficulty cessin8 conventional forn)s of transport. To achieve these alms we propose the following goals In order to adapt our services to meet the Changes that Challenge us all, while Continuing to provide a valuable service to our ¢urrent members. For the year April 2023 to March 2024 South Antrim Community Transport will again provide a Dial-A-Lift service on behalf of the DFI and DAERA through the smart pass scheme (funding has only been agreed up to 30 Jun¢ 2023). The Community wheels project is funded by the National Lottery Imtil June 2025. We have succes1]Y b¢en awarded funding from Motability UK from June 2023 lo June 2026 which will increase our service provision for persons with a disability throughout our s¢h¢mes. Other Servi5 to be provided include Group Servlces for members and South Antrim Comrnunity Transport have a service level agreement with Disability A¢tlon to provlde an urban 'Door to Door Service. for the Antrim Struetureg goverDanee gDd management Th¢ organisation is a charitsble company limited by guarantee, incorporated on 3rd June 2004 and recognised as a registered charity by HM Revenue and Customs. The company was ¢5tablish¢d under a Memorandum of Association which estsblished the objects and powers of the charitabl¢ ¢ompany and ts governed under Its Articles of Association. If upon windin8-up or dissolution of the Company there remains, after the satisfaction of all its debts and liabilities. any propety whatsoever. the same shall not be paid to or distributed amon8 the members of the company. but shall be given or transferred to some other charitable institutions having objects similar to the objects of the Company. and which shall prohibit the distribution of its or their income and property to the extent at least as great as is imposed on the Company under or by vIe of Clause 5 hereof, su¢h institution or institutions to be detern)ined by the members of the Company at or before the time of dissolutio and insofar effert ¢anDOt b¢ giv¢n to 8u¢h provision, then to some other charilable objecL The directors of the cornpany are also ¢harity trustees for the purpose of ¢lwity law and under the Company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which one third of the directors shall retire from office but can put themselves forward for re-election on a rotational basis. All members of the Management Committee give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity ar¢ Set out in note 10 to the Trustee Induction and Train Most trustees are already familiar with the practical work of the charity. Additionally. new Intee$ are invited and en¢ouraged to attend a short governance training to familiarise themselves with the charity and the context within which it operates. Page 4
South Antrim Community Transport Trustees, Report anisational Structure The Management Committee of l O members meets bi-monthly and is responsible for the strategic direction and policy of the charity. At present the committee has ten members from a variety of professional backgrounds Televanl to the work of the charity. The secreiary also sits on the committee. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with Manager. The Manager is responsible for ensuring that the chariiy delivers th¢ services specified and that key perfomance indicators are rnet. The Manager is responsible for the day to day management of the Service, individual supervision of the staff leam and also ensuring thai the team continues to develop their skills and working prdclic¢s in line with good prdctice. Risk Mana ement The Management Committee conducted a review and updated the risk assessments for the otTice premises and drivers. Re8ppointment ofauditor In accordance with section 485 of ihe Companies Act 2006, a resolution for the re-appointment of TB Millar & Co as audilors of the charity is to be proposed al the forthcoming Annual General Meeting. Sm811 companies provision statemenl Tl)i5 report has been pr¢par¢d in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trusi¢cs of the charity on 25 May 2023 and signed on its behalf by: Mr H Marro Trustee Page 5
South Antrim Conjmunity Transport Statement of Trustees, Responsibilities The truslees (who are also the directors of South Antrim Community Transport for the purposes of company law) are responsible for Preparing the trusiees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Sthndards (Uniled Kingdom Generally Accepted Accounting Practice). including FRS 102 "The Financial Reponing Sthndard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companie5. Company law requires the trustees to prepare financial Statements for each financial year. Under company law the trustees must not approve the financial slalements unless ihey ar¢ satisfied that ihey give a true and fair view of the State of affairs of the charitable company and of the incoming resources and application of resource5, including ils income and expendilure. of the charitable company for that period. In preparing these financial slalements. the trustees are required to: select suitable accounting policies and apply them consistently: observe the methods and principles in the Charitie5 SORP; make judgemenls and estimates thal are reasonable and prudenl; state whether applicable accounling standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial slaiements- and prepare the financial statements on ihe going concern basis unless it 15 inappropriate lo presume that the haritable company will continue in business. The trustees are responsible for keeping proper accounting records thal can disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure that the financial slatements comply with the Companies Aci 2006. They are also responsible for safeguarding the assets of the Charitable ompany and hence for taking reasonable sleps for the prevenlion and detection of fraud and other irregularilies. The trustees are responsible for the mainienance and inlegrity of the corporate and financial inforniation included on the charitable CoMpanS website. Legislation governing the preparation and dissemination of financial statemenls may differ from legislation in other jurisdictions. Approved by the trustees of the charity on 25 May 2023 and signed on its behalf by: Mr H Marr Trustee Page 6
South Antrim Community Transport Independent Auditor's Report to the Members of South Antrim Community Trnnsport Opinion We have audited the financial slatements of South Antrim Community Transport (the 'charityy for the year ended 31 March 2023, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flow5, and Notes to th¢ Financial Statements, including a summary of significant acwunting policies. The financial reporting framework that has been applied in their prepuation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the ¢harity's affalrs as at 31 March 2023 and of its results for the year then ended; hav¢ been properly prepared in ac¢ordance with United Klngdom Generally Accepted A¢¢ounting Pra¢ti¢¢; have been prepared in accordance with the requirements of the Companies Act 2006. Basts for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor Tesponsibilities for the audit of the finan¢ial statements section of our report. We are independent of th¢ ¢harity in a¢¢ordanrx with the ethical requirements that ore relevant to our audit of the financial ststements in the UK including the FRC'S Ethical stand and the provisions available for small entities, in the CircUntan¢cS set out in note to the fmancial ststements, and we have fulfilled our other ethical responsibilities in accordance with these rquirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Coneluslons relatlng to golng concern In auditing the financlal statements, we have concluded that the trustees use of the going concern basis of a¢counting in the preparntion of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to events or conditions thal individually or collectively* May cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the re4)onsibilities of the t¢¢$ with respect to going concern are described in the relevant 5ectioM of this report. Otber Informatlon The trustees are responslble for the other inforntion. The other InforntIon comprises the inforniation included in the annual repor4 other than the financial statements and our auditor's report thereon. Our opinion on the financial ststem¢nts does not Cover the other inforniation except to the extent otherwise explicitly stated in our repor¢ we do not express any forni of assurance concluslon thereon. In connection with our audit of the financial statements, our responsibility 1$ to read th¢ other infonnation an in doing so, consider whether the other infomthtion is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misststements, we are requlred to det¢rniin¢ whether there is a material misststement in the financial statements or a material misstatement of the other infonnation. If, based on the work we have perf0rnie we Conclude that there 1$ a malerial misstatement of this other infornwtion, we are required to report that facL W¢ have nothing to report in this regard. Page 7
South Antrim Community Transport Independent Auditor's Report to the Members of South Antrim Community Transport Oplnlon on other matter prescrlbed by the Companles Aet 20Q6 In our opinion. based on the work undertaken in the ¢ourse of the audit: the InforntiOn given in the Tnees, Report for the financial year for which the financial ststements are prepared is consistent with the fmancial slatements; and the Trustees, Report has been prepared in accordance with applicable legal requsrements. Matters on whieh we are requlred to report by exeeptloD In the light of our knowledge and undersLgnding of the charity and its environment obtained in the ¢ours¢ of the audiL we have not identified material misstatements in the Truste, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requtres us to report to you if, in our opinion: adequate COunting records have not been kepl or returns adeqte for our audit have not been received from branches not visited by us; or the financial statements are not in a8reement with th¢ accountin8 records and returns; or certaln dis¢losures of trustees remuneration specified by law are not made: or w¢ have not received all the infornmtion and explanations we require for our audit. Responslbllltl¢g of trust¢e8 As explained more fully in the Statement of Trustees, Responsibilities (set out on pa8e 6), the trustees are responsible for the preparation of the fman¢ial slalements and for being sAti$fied that they give a Inie and fair vlew, and for such internal control as the trustees d¢tern)ine is necessary to enable the preparation of fmancial statements that are free from material misslatemenL whether due to fraud or error. In preparing the financial statements, the tnteeS are responsible for assessing the charity's ability to continue as a going concern, disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the tsustees either intend to liquidate the charity or to cease operations. or have no realistic 8lternative but to do so. Audltor responslbllltlej for the audlt of the flDanclal statements Our objectives are to obtsin reasonoble &8surance about whether the financial statements as a whole are free from material misststemenl whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in ac¢ordan¢e with ISAS (UK) wlll alwayy detect a material mlsststement when It exists. Mlsstatements can arise from fraud or error and are considered rnaterial if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken the basis of these financial statements. The extent to whi¢h our pro¢edures are ¢apable of detectin8 iTregularitie4 including fraud is detsiled below: Page 8
South Antrlm Community Transport Independent Auditorls Report to the Members of South Antrim Community Trnnsport W¢ ¢onsidered the OpportltIeS and incentives that may exist within the Charity for fraud and identified the greatest potential for fraud ID relation to revenue re¢ognition and payment of amounts from the Charity. In common with all audits under ISAS IUK). we ar¢ also required to perforni spe¢ifi¢ procedures to respond to the risk of management ov¢rride. We also obtained an understanding of the legal and regulatory frameworks that the Charity operates focusing on provisions of those Jaws and regulations that had a direct efftct on the deterniination of material amounts and disclosures in the financial stslements. The key laws and regulations we considered in this context ineluded Companies Art 2006, Charities Act (ND 2008 and guidance provided by the Charity Commission for Northern eland. In addition. we ¢on8idered provisions of relevant laws and regulations that do not have a direct effect on the financial ststements but compliance with which may be fundamentsl to the Charity's ability to operate or to avoid a material penalty. Our procedures to respond to risks identified in¢luded the followin8: reviewing the financial statement disclosures and testing to supporting documentation to assess compllance with provisions of relevant laws and regulations described &8 having a direct effect on the financial ststements; - enquiring of management regarding aetual and potential litigation and claims. - perforniing analytical procedur¢s to id¢ntify any unusual or unexpected relationshlps that may indicate risks of material mis$tstement due to fiEud: - reading minut¢s of m¢¢tin8s of those charged with gov¢rnan¢e and reviewing regulatory rreSponden¢¢ with the Charity Commission for Northern Ireland: in addresslng the risk of fraud through management overrlde of controls we, tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias: evaluated the business rational¢ of any SI]ficant transactions; and where possible obtained direct confirniation of balances independently from the relevant party. We also comrnunlcated relevant identified laws and regulations and potential fraud risks to all engagement team members. and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Because of the inherent limitations of an audiL there is a risk that we will nos detect all irregulariti, in¢luding those leading to a Material misststement in the finan¢ial ststements or non-complian¢e with regulation. Thls risk increases the more that ¢ompliance with a law or regulalion is removed from the events and transactions reflected in the financial statements. &8 we will be less likely to becorne aware of instances of non<omplian¢e. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional conceaimenL forgery• collusion, omission or misrepresentation. Page 9
South Antrim Community TraDSPOrt Independent Auditor's Report to the Members of South Antrim Community Transport Use of our r¢port This report is made solely to the charitable com$ tntstee4 as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has be dertaken so that we might state to the clwity's trustees tlw matters w¢ 8Te required to state to them in an auditor's report and for no other pw)ose. To the fullest extent pemiitted by law. we do not a¢¢t or me rwiTr•ility to anyone other than the chariiable ompany and its trustees as a I. for our audit worK f this or for the opinions we have fonne Barry Millar (Senior Statutory Auditor) For and on bdulf of TB Millar & Co, Stabjtory Auditor Ballyclare Co Antrim BT39 9BG 25 May 2023 Page 10
South Antrim Community Transport Statement of FinancRal Activities for the Year Ended 31 Marcb 2023 (Ineludlng Income and Expenditure Aeeount and Statement of Total Recognised Gains and Losses) Total 2023 Unrestrieted Restrlcted Note Income and Endovrnients from: Donations and legacies Charitsble activities Other trading activities Investment income 500 28.637 7,941 1,190 500 272,382 7,941 1,190 243,745 Total income 38268 243.745 282.013 Expendlture on: Charitsble activities Other expenditure Total expenditure (268,733) {44.360 (268.733) 82.967 38.60 (38,607 313,093) 351,700) Net expenditure Net movement in funds (339) (69,348) (69,687) (339) (69,348) (69,687) Rcconciliation of fuDds Total fimds brought forward Total fimds Caled foThvard 246,546 200.049 446.595 21 246,207 130,701 376,908 Unr¢strl¢ted funds Rutrlct¢d funds Total 2022 Note IDeome and Endowments from: Donations and legacie5 Charitable activities Other trading tiVItieS Investment income 9,452 9,638 11325 408 179,195 326,949 188,647 336,587 12,325 408 Total income 31.823 506.144 537.967 Expendlture on: Charitable activities (*her expenditLwe (274.724) 43.045 (274,724) (43.269) 224 Total expenditure (224 (317.769) (317,993) Net in¢ome 31.599 188.375 219,974 Net movement in funds 31.599 188,375 219,974 Re¢on¢lllatlon ol funds Total funds brought forward 214,947 11,674 226.621 Totsl funds carried forward 21 246,546 200,049 446.595 The notes on pages 15 to 26 forn) an integral part of these financial statements. Page I
South Antrim Community Transport Statement of Flnanelal Activities for the Year Ended 31 Mareh 2023 (Including Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) All of the charity's activities derive from continuing operations during the above two periods. Th¢ fimds breakdown for 2022 1$ Shown in note 21. The notes on pages 15 to 26 form an integral part of these financial statements. Page 12
South Antrim CommunAty Transport (Registration number: N1050839) Balance Sheet as at 31 March 2023 2023 2022 Note Fixed assets Tangible assets 14 127,189 129,812 Current assets Debtors Cash at bank and in hand 15 13,679 310,259 27.878 304,850 16 323,938 332,728 Creditors: Amounts falling due within one year 17 (36,569) (15,945) Net current assets 287,369 316,783 Total assets less eurrent liabilities 414,558 446,595 Creditors: Atllounts falling due after more than one year 18 (37,650) Net assets 376.908 446,595 Funds of the charity: Restricted income funds Restricted funds 130.701 200.049 Unrestricted income funds Unrestricted funds 246,207 246,546 Total funds 21 376,908 446,595 These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of ihe Companies Act 2006. The financial statements on pages I I to 26 were approved by the trustees, and authorised for issue on 25 May 2023 and signed on their behalf by- A Bell MBE Trustee The note5 on pages 15 to 26 forni an integrdl part of these financial statements. Page 13
South Antrim Communlty Transport Statement of Cash Flows for the Year Ended 31 March 2023 2023 2022 Note C#$h Ilowg from operatlng #etlvlt Net cash (expenditureyincorne (69.687) 219,974 Adjustments to ¢h Ilows from non-eash Ite Depreciation Investsnent income 82,967 1.190 43,269 408 12,090 262.835 Worklng upltal adjustments De¢rea8e in debtors Increase in ¢reditors Decrease in deferred Income 15 17 18 14,199 1.724 1.590 5.264 17.626 Ne¢ cash flows from operating activities 28.013 252.063 Casb nows from InvestlDg aetlvltlej Inierest receivable and similar inrA)me Purcha of tangible fixed assets Net Cash flows frorn investing activities 408 173 078 14 80J44 (79.154) (172.670) Cash nows from flnaDclDg acth*ltles Proceeds of loans and borrowings 19 56J50 Net increase in ¢ash and Cash equivalents Cash and ¢ash equivalents at l April sh and cash equivalents at 31 March Recontlllatlon of net cash Ilow to movement In Aet fund• ]n¢rease in cash Cash oufflow from repaYmt of pital ¢lemenl of fJnan¢e leases and hire pur¢hase ¢ontra¢ts Change in net funds resuhin8 from ¢a8h flows Net funds at l April 2022 Net funds at 31 March 2023 5.409 79,393 304,850 225 457 310 304.850 5.409 79,393 56,550 61.959 79,393 304,850 225.457 366.809 304,850 All of the cash flows are derived from conlinuing operations duru¥ the above two period& The noles on pages 15 to 26 forni an Inteal part of fllwicial statements. Page 14
South ADtrim Community Transport Notes to the Finanelal Statements for the Year Ended 31 Mareh 2023 I CharSty $latM$ The charity is limited by guarantee. incorporated in Northern Irelan4 and consewtty does not have slwe capitsl. Each of the In is liable to contributs an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The address of its r¢gistered office is: Unit 30 Dennison Industri Estate Mill Road Bally¢lare Co Antrim BfJ9 9EB These financial statents were authorssed for issue by the trtee$ on 25 May 2023. 2 AccouDtiDg polieies Summary of s*nifieant aeeountlng polieles and key Aeeounting tstimales The principal a¢¢ounting policies applied in the preparation of these finan¢ial staternts are set out below. These policie$ have been consistently applied to all the years preSte4 unless otherwise ststed. Statement of tompllance The fll)ancial statements have been prepared in accord with Ac¢ounting and Reporting by Charities: Ststement of Recommended Prnctice (applicabk to chariti¢s preparing their aCcOts in accordance with the Financial Reporting Stsndard applithle in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Cornpanies Act 2006. Basts of prqmratlon South Antrim Community Transport meets the defjnition of a public benefit entity undey FRS 102. Assets and liabilities are InitilY r¢¢ogDjs at historical ¢0& or Iransaction value unless 0theThVi ststed in the relevant accounting policy notes. Page IS
South Antrirn Community Transport Notes to the Finaneial Statements for tb¢ Year EDded 31 March 2023 Golng concern The Charity is still recovering from the inyct of the Covid-19 Pandemic. Thi4 together wAth the effects of budget cuts and Soarti prices has created a difficuk environ in whidj the Charity operates. Funding from the Departsnent of Infrastructure and Depaiknent of AgricultUTal Environment and RUT Affairs has been ad to June 2023. Furt1 funding can only Ix detered once budget allocations have been made from both Depattrents. The Charity has sufficient accumulated reserves available lo cover a deficit in fimding from these departments for a 12 month period from June 2023. Funding from the National Iry Communty Fund for Northern Ireland and the new funding stream from Motsbility UK will also be available. The Directors have Prepared budgets for the upcomin8 12 months whi¢h indi¢ats that the Charity will ¢ontinue as a going ern. The financial statements have been prepared on a 801118 concern basis. Post balance events In earty April 2023 fidIng from Molability UK wa$ Secured by the Charity. This fimding is worth approximalely £500,000 over three year4 from June 2023 to June 2026. Two Mercedes mini-buses have been ordua for a total of £ 144.000. which will be fvlly fimded by Motability UK. One of the buses is due f delivery late June 2023, and the second due September 2023. Three additional fvll time drivers and one athnin member will a180 be furded by Motsbility UK. Apart from this there were no firther material post balan¢¢ sheet even In¢ome Dd endowments All income is reColISed once the charity has entitlement to the income, it is Erobabk that the in¢orne will be received and the amount of the income receivable can be Meas reliabty. Donallons andlezacla Donations are recolS¢d when the charity has been nthified in writing of Ix)th the amouTht and settlement date. In the event that a donation is subje¢t to ¢Mditions that require a level of Irfornice by the Chlty before the charity is entitled to the fimds, the income is deferred and not reco8nised until either those conditions ar¢ fully meL or the fifilment of those Conditions is wholly within the eA)ntrol of the charity and it is probable that these Conditions will be fulfilled in the reporting period. Grnnts ree¢lvqbl¢ Grdnts are recOlsed when the charity has an entitlement to the fimds and any conditions linked to the wts have been rneL Where p&forn)ance conditions are attached to the grant and are yet lo be mel the income is recognised a12ability and included on the balan¢¢ sheet as defeTred income to be rele&se Page 16
South Alltrim Community Transport Notes to the Financial Statements for the Year Ended 31 March 2023 Expendlture All expenditure is re¢ognised once there is a legal or ¢onstructive obligation to that expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicAble expenditure heading that aggregate similar costs to that ¢ategory. Where ¢osts ¢annot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central stsff osts allocated on th¢ basis of time sp¢n( and depreciation charges allocated on the portion of the asset's use. Other support ¢osts are allocated based on the spread of staff costs. Charllable aellvllles Charitsble ¢xpenditure comprises thos¢ Costs incurred by the charity in the delivery of its a¢tiviti¢s and services for its beneficiaries. It includes both costs that ¢an be allocated dire¢tly to such activities and those costs of an indirect nature necessary to support them. Support costs Support ¢OSts include central functions and have been allocated to activity ¢ost utegories on a ba8is consist¢nt with the use of resources. for example. allocating property costs by floor areas, or per ¢apit4 staff costs by the tbne spent and other costs by their usage. Governanee eosts These include the ¢osts attributsble to the charity's compliance with constitutional and ststutory requirements, including audiL strategic management and trustees meetings and ]MbUr3ed expenses. Government grants Government are recognised b&8¢d on the accnwl model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to &ssets. Grants relating to revenue are recognised in income over the period in which the related costs are reco8nised. Grants relating to assets are recolsed over the expected usefvl life of the asset. Where part of a grant relating to an asset is deferr it is ]is¢d as d¢f¢rred income. Taxatlon The charity 18 ¢onsidered to pass the tests set out in Paragraph I sChede 6 of the Finance Act 2010 and therefore it meets the definition of a ¢harftable company for UK corporation tsx puiposes. Accordingly, the ¢harity is potentially exempt from taxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the ¢xtent that such income or gains are applied exclusively to charitsble purposes. Tanglble fixed a$$ets Individual fixed a&8ets ¢osting £100.00 or more are initially recorded at cosL Depre¢latlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the ¢ost or valuation. 1¢&8 any estiniated residual value, over their expe¢ted useful economic life as follows: Asset ela Motor vehicles Depreelpdtlon method and rnte 250/0 Reducing balance basis 250/0 Reducing balance basis133.33Yo Straight line basis Furniture and equipment Page 17
South ADtrim Community Transport Notes to the Financial Statements for the Year Ended 31 March 2023 Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary Course of business. Trade debtors are Tecognised initially at the tranwtion price. They are subsequently measured at amortised cost using the ¢ff¢rtiv¢ int¢r¢st rnethol less provision for impainnent. A provision for the impairnlent of trdde debiors is established when the is objective evidence that the charity will not be able to collt all amounts due according to the original tern of the re¢eivables. Cash and ¢a$b equlvalents Cash and cash equivalents compyise ¢ash on hand and (all deposity and other short-terni highly liquid investments that are readily ¢onvertible to a known amount of cash and are subject to an insignifi¢ant risk of change in value. Foreigo exchange Transactions in foreign currencies are reconled at the rate of exchange at the date of the trnn5Iction. Monetary assets and Jiabilities denominated in forei currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are translated at the average rates of ex¢h4ng¢ during the period and their balance sheets at the rates ruling at the balan¢e sheet (hte. Exchange differences arising on translation of the opening net assets and results of overseas operntions are reported in other comprehensive income and arxumulated in equity (attributed to non-controlling interests a5 appropriate). Other exthange differences are reCOlsed in the Statemmt of Financial Activitie5 in the period in which they arise except for: l) exchange difftr¢nces on trans&ctions entered into to bedge certain forei currency risks (See above). 2) exchange differences arAsing on gains or losses on non-monetary items which are reCOlSed in other comprehensive in¢ome; and 3) in the case of the consolidated financia] statementy exchange diffeThces on monetary items re¢eivable from or payable to a foreign operation for which settl¢m¢nt is neither planned nor likely to occur (th¢r¢fore fonning part of the net investment in the foreign operation), which are recognised in other comprehensive incorne and r¢port¢d under equity. Fund structure Unrestricted income funds are general funds that aT¢ available for use at the trustees discretion in furtherance of the objectives of the ¢harity. R¢stri¢t¢d income funds are those donated for use in a particular area or for $pe¢ifi¢ PUTposes, the use of which is restri¢tsd to that area or purpose. Page 18
South Antrim ComDiunity Transport Notes to the Financial Statements for the Year Ended 31 March 2023 3 Income from donatiow and legaci UBrestrkted funds General Totsl 2023 Total 2022 Donations and legacies; Donations from companie4 trusts and similar proceeds Gran including capitsl ants. Government 500 9,452 179.195 500 4 1Dcome from ebari¢8ble aetivities funds General Reslrleted funds Totsl 21n3 Total 2022 Deparknent for Infrastru 117.871 27.02 117.871 27.092 181.859 36.917 Disabilty A¢tion Transport S¢heAne Group Services Dtal a Lift Passenger Fares Halifax Lottery Funding . CoMmlty Wheels Antrim & Newtownabbey Borough Council Department of Communities Cornmunity Wheel$ PasseDg¢r 4.804 28,637 4211 1.112 9.638 6.042 28.637 4211 76J*2 76,3K2 87,793 950 4267 950 4267 3,521 5.168 5.168 9.705 28,637 243,745 272.382 336.587 S Ill¢ from other tradipg aclivities UDrestrleled funds General Tolal fynds Membership subscriptions 7.941 7.941 Totsl for 2023 7,941 7.941 Total for 2022 12J25 12J25 Page 19
Soutb Antrim Community Transport Notsj to the Financial Statements for the Year Ended 31 March 2023 6 Expendlture on eharltsble aetlvitles Restrfeted funds Total fuDd$ Note Department for Infrastructure Stsff costs Allocated support costs Governance costs 161,961 74,213 31,231 1,328 161.961 74,213 31,231 1,328 Total for 2023 268.733 268.733 Total for 2022 274.724 274.724 In addition to the expenditure analysed above, there are also governance ¢osts of £1,328 (2022 - £1,374) which relate directly io ¢harilable activities. See note 8 for further details. 7 Other expendlture Unwtrkted fund$ General Restrleted nd$ Total fund¥ Note Deprlatio amortisation and other similar ¢osts 38.607 44,360 82,967 Total for 2023 38.607 Total for 2022 224 43.045 43,269 Page 20
South Antrim Community Transport Notes to the FinaDcial Statsments for the Year Ended 31 March 2023 8 Analysis of goverDanee and support tosts Support Costs allated to ratslng futtds IDforniation Administration including technology depreciation Totsl funds Basts ofalloealion Provision of social transport 5.613 15242 10.456 31.311 Total for 2023 5.613 15242 10.456 31.311 Total for 2022 4204 9.405 9.491 23.100 Basis of allocation Ref¢ren¢e Method of allo¢Alion Governance ¢osts Restrlcted funds Total funds Audit ftes Audit of the financial statements Other governance costs Total for 2023 1.150 178 1.150 178 lJ28 iJ28 Total for 2022 lJ74 lJ74 9 Net Incorninwoutgoing r¢sourres Net (outgoingyincoming Te50urces for the year include: 2023 2022 Audit fees Depreciation of fixed assets 1,150 82.967 I,070 224 10 Trn$tw r¢munerntion and expenxs During the year the charity made the following transactions with truste¢s: No trustees. nor any persons connected with the have received any T¢muneratm from the charity during the During the year £178 14rys reinbursed to Tn relaling to travel expenses. Page21
South Antrim Conllnunity Transport Noteg to the FinaneiAI Statements for the Year Ended 31 March 2023 11 Stsff tosts The aggregate payroll costs were as follows: 2023 2022 Stsff ¢osts during th¢ year wer¢: Wages and salaries Other staff costs 72.635 1.578 75.164 1.198 74213 76,362 No employee Te¢¢ived emolum¢nts of nK)re than £60.000 dwing the year. 12 Auditors, remuneratlon 2023 2022 Audit of the financial statements 1.150 1,070 Page 22
South Antrim Community Transport Notes to the Financial Statements for the Year Ended 31 March 2023 13 Taxation 14 Tang5bk fixed assets FvrDitur¢ and ¢quipThent Motor vehkles Total Cost At l April 2022 Additions Disposals At 31 Mar¢h 2023 25.813 4263 380.104 76.081 77.360) 405.917 80.344 77,360 30.076 378.825 408.901 Deprttiatio At l April 2022 Charge for the year Eliminated on disposals 25.140 1561 250.965 81,406 (77.360) 276.105 82,967 77,360 At 31 March 2023 26,701 255.011 281.712 Net l>ook value At 31 March 2023 3J75 123,814 l27,189 At 31 March 2022 673 129.139 l29.812 15 Debtors 2023 2022 Trade debtorJ 13.026 7239 4,987 2.626 7280 3J73 3.021 VAT recoverable Other debtors 13.679 27.878 16 Cash and equivalents 2023 2022 Cash on hand Cash at bank Short.terni dep)sits 2.397 259.843 48.019 1.397 163.897 139.556 310259 304,850
South Antrim Community TraDSPOrt Notes to the FiDan¢ial Statsments for the Year Ended 31 March 2023 17 Creditors: amounts falllnz due wlthln one year 21123 2022 Hire purchase and finan¢¢ l¢& Other tamtion and social security A¢¢rua]s 18.900 2J57 15J12 1173 13.772 36.569 15.945 18 Credltors: amounts f*lJlng due after one year 2023 Hire purchase and finance leases 37.650 19 Obllgatlons under leases and hlre purclwe contraets The total value of futu minimum I¢e PAyments was gs follows: 2023 Within one year In two to five years (18,900) 37.650 56,550 20 Commitments Capital Commitments The Company had no capital comrnitments at 31 March 223 (2022 - £Nil). The total amount contracted for but not provided in the fmancial statements was £Nil (2022 - £Nil).
South Antrlm Communlty Transport Notes to the Financial Statements for the Year Ended 31 March 2023 21 Fund$ Balance at I April 2022 Incomlng resources Resources ¢xp¢Dd Balance at 31 March 2023 Unrestricted funds General Unrestricted 246.546 38.268 (38.607) 246207 R¢strlet¢d fund$ Department of Infizstn Departhient of Infizstructure - capital ARTS DALS fares Depathent of Communities Disability Action Lottery Fwid Community Wheeb ANBC Grants Halifax Grant 117,871 (117,871) 129,145 (43,045) (27,092) (4211) (4266) (4.805) (105,320) (5.168) (315) (J,000) 86.100 27,092 4,211 4266 4,805 76,382 5,168 950 3,01)0 70,904 41.966 635 2,000 Total restrleted funds 200,049 243.745 (313,093) 130,701 Total funds 446.595 282.013 (351.700) 376.908 Page 25
South Antrim Communlty Transport Notes to the Flnanelal Statements for the Year Ended 31 March 2023 Balan¢e at I Aprll 2021 Incoming resourtts Resources expended Balance al 31 Mareh 2022 Unrestrlcted funda General Unrestricted 214.947 31,823 (224) 246,546 Restrlcted Departsnent of Infrastructure Deparknent of InfrastN¢ture . capitsl ARTS DALS fares Departsnent of Communities Disability Action Lottery Fund Community Wheels JRS 181,859 (181.859) 172.190 36.917 6.042 3.521 (43,045) (36,917) (6,042) (3,521) (1,112) (28.563) (9.705) 7.004 129,145 11,674 87,793 9,705 70,904 Total restrl¢ted funds 506,143 317768 200.049 Total funds 226.621 537 966 317,992 446,595 The Company purchased a 15 seater electrlc bus in April 2021. The cost was fully funded by the DFI under the Blue Green Infrastructure fund. The total cost was £172.190 which included the instsllation of a chargin8 polnt. The purchase has been detsiled as Department of Infrastructure capltsl fimd. The fund will be amorttsed in thll over 4 years. 22 Analysls of net ag8ets between fund$ Unrutrleled fund$ General Total funds at 31 March 2023 ReJtrl¢t¢d rund$ Tangible fixed assets 38,463 275.916 (30.522) 37,650 88.726 48.022 (6,047) 127,189 323,938 (36,569) 37.650 Current liabilities Creditors over l year Total net Sets 246207 130.701 376 908 Unrestrl¢ted funds G¢n¢ral Total funds al 31 Mareh 2022 Restrlcted funds Tangible fixed assets Current assets Curr¢nt liabilities 676 258.833 12.963 129,136 73.895 2.982 129,812 332,728 15,945 Total net assets 246,546 200,049 446,595 Page 26