Company registration nulnber: M 050839 Charty registration nuTnber.' MC 104536 South Antrim Community Transport (A Company limÉted by guarantee) Anllual Report alld Financial Statetnellts for the Year Ended 31 March 2024 TB Millar & Co Charter¢d Accountant & Registered Auditor 6 Doagh Road Ballyclare Co Antrim BT39 9BG
South Antrim Community Transport Contents Reference and Adln1ntrativt Details Trustees, Report 2to5 Statement of Ttees, Responsibilxties Independent Auditors, Report 7t0 10 Statement of Financial Activities llto12 Balance Sheet 13 Statement of Cash Flows 14 Notes to the Financial Statements 15to28
South Antrim Community Transport Reference And AdministraÉive Details Secretary Mrs E A Bell MBE Prxncipal Offic¢ Unit 30 Dennison Industrial Estate Mill Road Ballyclare Co Antrl BT39 9EB The charity is in¢00[ated in N4)rthem Ireland. NI 050839 Company Registration Number Charity Registration Number NIC 104536 Bankers Danske Bank Ballyclare 18 The Square Ballyclare BT39 9BB Auditor TB Millar & Co Chartered Accowitant & Registered Auditor 6 Doagh Road Ballyrlare Co Antrijn BT39 9BG Page I
South Antrim Community Transport Trustees, Report The trustees, who are directors for the puq)oses of company Raw, present the amiual report together with the financial statements and audÈtors' report of the charitabl¢ company for th¢ year ended 31 March 2024. Trustees Mr H Marr0 Chairman EABellMBE Mrs D Hopper, Treasurer Mr R Arniour Mrs M P Bogl¢ Mr T C Clarke Mr J M A Farqlthar H C Hendry Objectives and activities ses and Aims Our c]wity's purpose as set out in the obj¢cts Contained in the company's enranduM of association is to: Reduce social isolation by providkllg a communkty transport service for such of the inhabitallts of South Antrijn and its environs {"the area of benefit") who are in need of such a service because of age, sickness or disability (mental or physical), or poverty, or becaus¢ of a lack of availability of adewate and safe public pass¢nger services, without distinction of se& rnce or politicaL religious or other opinion as set oirt ill Section 75 of the Northern treland Act 1988 our work delivers our aims We review our aims, objectives and a¢tivities each ye. This review looks at ts w¢ achieved, aud the outCi)me of our work in the previous 12 months. The review looks at the success of each key activty and tbe benefrts they have brougbt to those indlviduals alld groups of people we are set up to help. The review aIso helps us ensur¢ our aim, objectives and activities reniained focused oll our stated pury)oses. We hav¢ referred to the guidance contained in the Charity Commission's genernK guidance on public benefit when r¢vi¢wing our aim and objectives and in pla[1ng our tre activiti¢s. Thefo of our work OLW main objectives for the year continue t(> be the provisAOll of accessible alld affordable transport in the South Antrim area to individuals and groups living in South AJrtrAm and its environs ("the area of benefrt ), particularly people with reduced mobility. How our activities deliver public benefjt Our n1n activities and who we ty to help are descri ed below. All our charitable activities focus on the provision of accessible and affordable transport in th¢ South Antrim area to individuals and groups living in South Ajtrim and its environs ("the area of benefit"), partA¢ularly people wifh reduced mobility. Page 2
South Antrinj Commullity Transport Trustees, Report o used and ben¢fitrd from our servkce South Antrim Community Transport is a membership only orgaDisation which provides an affordable, accessÉbl¢ transport service to individuals and groups from within our deSIted area that have difficulty acGessing conventional forn]s of transport. For the year April 2023 to Mah 2024, South Antiim Con]mullity Transport provided the following services: - Dial-a-lift service for our individual senrices. - Con]niunity Wheels service, allowing individuals to travel outside the operntional area. - Group Transport Service - Door-tO-Door service on behalf of Disabilty Action in the urt)an towns of Antrim and Larne. - Motability (to enhan¢¢ our cuThnt Dial-a-lift service), from July 2023. We achieved this with the f1claI s¢rYices from Department of Infrastructure (DFI). the Department of Agriculture, Environm¢nt and RuTal Affairs (DAERA), Disability Action (DA), and The National IA)ttery Community Fund for Northern IreIaod and The Motability Foundation. During the financial year, we provided these services with the assistance of voluntser drivers who have registered with us to provide transport for out clients. Equal access to our services is an importallt issue for us. We have monitored access to our services by recording gender, disabilAty, nwital status, ethnicity, sexual orientation and r¢ligion of our clients. We believe equal access to our services is vital to our success. All InfOrntion provided by OUT ¢lients is covered by the Data Protection Act 1988. Financial Review Our continued success in the past year ha5 been due to the continued sound fanCIal nllagement and the support of both staff aud vohmte¢rs. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the cornpanys lrnnsactions and disclose with reasonable accuracy at any time the fuclaI position of the company and enable them to ensure tIt the flliancial statements comply with the Companies Act 2006. They are respon5ibEe for safeguardnig th¢ assets of the company and hence for taking r¢asonable steps for the prev¢ntion of fraud and other irregularities. The directors have secured new funding for the year 2024- 2025 as outlined below. The directors call confll7n the Department for Infr&Stscture grant has been used solely for the purposes for which it was provided. Princi al Fundin Sources Aside from the income generated by our Group Transport Service provision, the Directors have seeured funding from the Departtnent for Infrastructur¢ until March 2025. In addition to thA4 fidIng has also beell secured from Disability Actio a subsidy from the Depariment of Agriculture Enviro1nt and RU Affairs (DAERA). We also receive funding from The Natiollal Lottery Community Fund for Northern Irelan4 and we hav¢ a new fLmding stream from Motability UK from July 2023 to Jun¢ 2026. Reserv Poli The Management Comtnittee has examined the chaTitys requFrements for reserves ill light of the risks to the organRsation. It establithed a policy whereby the unrestricted fimds not committed or invested in tangible xed assets held by the charity should be 3 months. These reserves are ll¢ed to Thet the wlxking capital requirements of the Charity and the Management Committee És confident that at this level they would be able to continue the current actÈvities of the charity in the event of a sigllificant drop in fimdi-llg. The reserves required in March 2025 are £285.477. OL]r net assets on 3 1st March 2024 are £539,906. Page 3
South Antrim Community Transport Trustees, Report Plan$ for the Future South Antrim Conllllunity Transport aims to conttnue Providing an affordable, accessil)le transport se]¢¢ to individuals and groups from the South Antrim ar¢a and its environs ('the area of benefit.) that have difficulty accessing conventional forn]s of transport. To achieve these aims we pmpose the following goaLs in order to adapt our services to meet the chattges that challenge ug aEI, while continuing to provide a valuable service to our current members. For tbe year April 2024 to March 2025 South Alltrfftm CoDwiullity Transport will again provÉde a Dial-A-Lift service on behalf of the DFI and DAERA througb the snwt pass scheme. The Community wheels project is fided by the National Lottery until June 2025. We have succesthlly been awarded fullding from The Motability Foundation from June 2023 to June 2026 which will illcrea our service provision for persons a disability throughout our schemes. Other services to be provided include Group Serviees for metnb¢rs and South Antrim Community Transport have a service level agreem¢nt with DisabiEity Action to provide an urban 'Door to Door Service, for the Antri and Larne areas. Stru¢ture) governance and management overnill Document The organisatioll is a charitable company limited by guarantee, illcory)orat on 3rd June 2004 and recognised as a regAStered charity by HM R¢venue and Customs. The con)pany wag established under a meMorandn of Association which established th¢ objerts and powers of the chlble company and is governed Under its Articles of AssociatiOAL If upon winding-up or dissolution of the Company there renjains, after the satisfaction of all its debts and liabilities, any propety whatsoever, the same shall not be paid to or distributed among the members of th¢ company, but shall be given or trallSfed to some other clwAtable iustitutions having objects similar to th¢ objects of the Company, and whxch shall prohilt the distribution of its or their Income and property to th¢ extent at least as great as is in)posed on the Company under or by virtue of Clause 5 hereof, such instittiti¢)n or institutions to be determiued by the memb¢rs of the Company at or before the time of dAssolutÈon, au& insofar as effect cannot bc given to such provision, then to som¢ other charitable objecL tment and A ointtnent t Conllnittee The diiectors of the company are also charty tn]sÉees for the pwpose of Charity law and under the company's Articles are known as membeTS of the Management Committee. Under the requirements of the Memorandu attd 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 diIectors shajl retire from office birt can put themselves fonvard for re-election on a rotational b&sis. AII members of1he Management Committee give their time voluntarity and receiv¢d no benefits from the charity. Any expenses reclaimed from the Chty are set out in note 10 to the accounts, Trustee Induction and Train Most tnee$ are already familiar with the prnctical work of the ch&ity. Additionally, new trustees are invited and encouraged to attend a short governance training to familiarise thentselves with the chaTity and the context within which it operates. Page 4
South Antrim Community Trajjsport Trllstees, Report "sational sIntUr¥ The Manag¢metyt Conunitte¢ of 8 metnber8 meets bi-monthty and is respon1# for the strgic Oire¢tion and pts]ity of the charity, At present the has et member8 from a variety of Profession backwmds relevaat to the of the Chlty, Th¢ Setary aIso 6kts on the comnite¢. A schw 0£ d¢lÈgation is ill place aud day to day re8pollsiI)ibty for the provision of th& s¢rvi¢e3 t&5t with The Manager is re5trf)nsible for ¢nsurAng that the Charity debvers the seThices spe01fd and that key perforlanCe indicators are nkL The Manager is respon1) for th¢ day lo managenwll of the SeThice, iAdrYidual superyision of the #aff team and also onsuriJg that the toam ¢ontinu¢s to d¢v¢lop th¢ir skilLs alld working practi¢¢s Ka liu¢ with goodrn¥tice. The MaDa Conunits conth¢ted a Tewiew aud updated the risk a89e8sments for the office premises and Disclosart of iaformatioD to #udltor Fa¢h tru¢e has tsken sfrps that they ought to have ikn as atrustee in order to mak¢ tii¢ms¢Jves awdr¢ of auy roIevtrtt dit jJ)£Omon and to establish th8t Ihe tharity's ditOr is aware of that ijjfonllatioll. Th¢ trust confrn tbat there is no relevant infornri0ll that they know of and of which they know Éhe auditor is ullaware. Reappointmellt of auditor In accordance w2tb se&ion 485 of th¢ CtsJnpani&s Act 200& a resohttion for the Trappointint of TB Millar Co as auditors of th¢ thrity is to be pmp08edat the f(Kthcomifjg Gwlgral Meetill& Small companfits prnvislon Axtement ThAS rcporth&s be¢n prepared in accordance the small compani&% regime underthe CornpaniL8 Act2006. The aDnual rcport W4s approyedby the truste¢s of the clTty on 25 June 2¢124 and $ed on its b¢hf by: MrHM TnJsts¢ Pago 5
South Antrim Community Transport Statement of Trustees, Responsibilities The trustees (who &r¢ also the directors of South Antrim Community Transport for the puryoses of colallY law) are responsible for preparing the trust¢es' reprt and the finallcial staternents in accordance with applicable law aud Unkted Kingdom Accounting Standards (UnÉt¢d Kingdom GeneAalty Acceptsd Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in ac¢ordanc¢ with the provisions in the Companies Act 2006 relating to small companies. Company Eaw requires the tDJste¢s to prepare fmancial stat¢ments for each financial year. Under company law the ttustees must not apwove the fmallcial statem¢nts unless they are satisfied that they give a true and fair view of the state of affairs of the charitable CopanY and of the incoming resources and application of resource4 including its income and expenditLJre, of the clwitable company for that perio& In preparing these fll)allcial statements, the trnstees are required to., select suitable a¢¢ountiug policies and apply them consistently. observe the methods and principl¢s in the Charities SORP. make judgements and estitnates that are re&sonable and prudeni state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departlwes disclosed and explained in the financial statements" and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable wmpany will continue in business. The trustees are responsible for keeping proper accounting rerords that can disclose with re&sonable accuracy at any time the fjnancial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preventton and detection of fraud ¥nd other ]egUlar1tAes. The trnst¢es are responsible for the nmintenance and integrity of tbe coryorate aud finallcial inforniation included on the charitable company's website. Legislation governing the preparatiott and dissemination of financial statem¢nts n)ay dAff¢r from legislation in other jurisdictions. Approved by the trustees of the ch8rity on 25 June 2024 and signed on its bebalf by: MrHM Trustee Page 6
Soutb Antrim Community TraDsport Independent Auditor's Report to tbe Members of South Antrim Community TrallSPOrt Opinion We have audited the ftnancial statements of South Antrim Ci>nimunity Transport (the 'charity) for the year ¢nd¢d 31 March 2024, whiclk comprise the Statement of Ftnancial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of siAficant accountiJ]g policies. The fmancial r¢porting framework that has been appli in their prepardtion is Unit¢d Kingdom Accounting St&ndards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Ac¢¢ptrd Accounting Practice). In ow opinion the fancIal statements: gÉve & true alld fair view of the state of the charity's affairs as at 31 Mah 2024 and of it5 re$ts for the year have been properly prepared in accordan with Unkted Kingdom Generally Accepted Accounting Practice. have been prepared in accordance wkth the requirements of the Companies Art 2006. Basis for oplnioll We conducted our audit in accordance with Lnternational Standards on Auditing (UK) (ISAS (LU()) and applicable law. OLU responsbi iliti¢s under those standards are firther described in the auditor responsibtllties for the audit of the fllwicial statements S¢Ction of our report. We are independent of the charity ia accordance the ethical requirements that are relevant to our audkt of the financial statements in the UK including the FRC'S Ethical standar and the provisions available for small entities, in the circumstances set out irA note to the fmancial statem¢llts, and we have fidfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit ¢viden¢e wt have obtained is sufficÉeELt and appropriate to provide a basis for our opinAOn. Conclusions relating to going concer In auditing the financial statements, we have concluded that the trtee8 use of the going con¢ern basis of accouuting in the preparation of the financial statements is appropriate. Based ijn the work we have perfornied, we have not identified any material uncertainties relating to events or conditions thaL individually or collertively, may cast stgnificant doubt on the charity's ability to continue &s a going concern for a period of at least twelve months from when the Orinal financial statements were authorised for issue. Our responsibillties and the Tesponsbi ilities of the ISte¢S with respect to going concern are d¢5¢ribed in the relevant sections of this report. Other information The trustees are responsible for the other tllfornmtion. The other information comprkses the inforniation included in the annual report, other than the financial statements and our auditor's report thereoL Ow opillion on the fmancial statements does not ¢over the other infonllation and, except to th¢ extent othenvise explicktly stated in our report, we do llot express ally forn] of assurance conclusion thereoD. In connection with our audit of the financial statements, our responsibility AS to read the other iDfonnation and. in doing so, consider whether the other irlfornktion is materially inconsistent with the financial statements or our knowledge obtained in the audit or oth¢rwise appears to be materialty misstated. If we identify such material inconsist¢noies or apparent material misstatements, we are requir¢d to detsnnine whether there is a rnaterial misstatem¢nt in the financial statements or a matertal misstatement of the other ]nfornti0n. If, based on the work we have perfomled, we conclude that there is a material misstaten]ent of this other inforn1atio we are required to report that facL We have nothing to report in this regard. Page 7
South Antrim Community Transport Independent Auditor's Report to the Members of South Antrim Community Trallsport Opinion on other matter prescribed by the Companie$ Aet 2006 In our opinion, based Oll the work undertaken in th¢ Course of the audit: the information given in the Trustees, Report for the financial year for wbich the fll)ancial statsments are prepared is consistent WAth the fllwiciaE ststements. and the Truste¢s' R¢port has been pr¢pared in CordanCe with applicable l¢gal r¢quiTem¢nts. ltstters on whieh we are required to report by exeeption In the light of our knowledge and understanding of the ¢haTity and its environment obtained yn the courge of the audit, we have not Èdentified material misstatements ill the Trustees, Report. We have nothing to report in respect of the following matters wher¢ the Compaaies Act 2006 requir¢s us to report to you if, in our opinion: adequate accounting records have not been kept, or rettlls adequate for ow audit have not been received from branches not visited by us. or the financial statem¢nts are not in agreem¢nt with the accounting records alld Teturns. or ¢ertain disclosures of trustees remuneration specified by law are not made. or we have not r¢ceived all th¢ Inforntion and explanations w¢ require for ovr audit. Responslbilities of trustees As explained more fiY ill the Statement of Trust¢es' Responsibilities {s¢t out on page 6), the tntstses are respoDsible for the preparatioll of the fmancial statetnents and for being satisfi¢d that th¢y give a trll¢ aud fair view, 2nd for such illten)al control as the trustees deterniine is necessary to enable the preparation of fmancial statements that &re free from materlal misstatemenL whether due to fraud or error. In preparing the finan¢id stst¢m¢nts, the trustees are responsible for assessing the charAty's abilÉty to continue as a going concery di8closin& as applicable, matters related to going corAcern and using th¢ going concern basis of ac¢oiillting unless the trLk8tees either intend to liquidate the c]wity or to cease operations or have no realisti¢ alternative but to do so. Auditor responsibilities for the audit of the financial statements Our obj¢¢tiv¢s are to obtain reasollable assurance al)out whether the financial statements as a whol¢ free from material misstatement, whether due to fraud or error, and to issue an auditor's r¢port that includes our opinion. Re&sonabl¢ assurance ks a high level of assurance, but is not a gLrants¢ that an audit conducted iu accordance with ISAS (UK) wlll always detect a materAal misstatement when it exists. Misstatements can arise from fraud or error and are ¢onsidere(I matsrial 1£ indlvidually or in the aggregate, they could reasonably be exp¢ct¢d to infiuen¢e the ¢¢onomi¢ decisions of users taken on the basis of these fmancial statements. The &xtent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Page 8
South Antrim Community Transport Indepelldent Auditor's Report to the Members of South Antrim Community Transport We considered the oppor¢Linkties alld incelltives that ¢XiSt within th¢ Chaity for fraud and identified the greatest potential for fraud in relation to revenue recognition and paymellt of amounts from the Charity. coJDmon with all audits under ISAS (UK), we are also required to peTforni specific procedu to respond to the Tisk of nlagement override. We also obtained all widerstanding of the legal and regulatory frameworks tbat the Clwity operates in, focusing on provisions of those laws and regulations that had a direct effect on the detennination of material amounts and disclosures In the fmancial statements. The key laws and regulations we considered An this context included Companies Ad 2006, Charities Act (Nl) 2008 and guidance provided by the Charity Commission for Nortbern treland. In additio we considered provisions of levant laws and regulations that do not have a direct effect on the financial stat¢ments but compliance with whicb may be fimdamentsl to the Charity's ability to operate or to avoid a matsrial penalty. Our procedures to respond to risks identified included the follong. - reviewing the fanCIal staternent disclosures and t£stiDg to supporting docullntatioll to assess complianc¢ with provisions of relevant laws and regulations deScrIed as having a direct effect on th¢ finCial stat¢rnents' - enquiring of management regarding actual and potential litigation and clairns. - perforniing analytical procedures to identify any unusual or wiexpected relationships that may indicate risks of material rnisstatement due to fraud. - reading minute5 of meetings of those charged with governance and reviewing regutstory COTrespond¢nce with the CILarity Collunission for Northern Ireland. - in addressing the risk of fraud through management override of controls w< testsd the 4)propriateness of journal entries and other adjustments" assessed whether the judgements made in making accounting estim*es are indicative of a potential bias,. evaluated the business rationale of any significant transactions. and where possible obtained direct confirniation of balances independently from the relevant paty. We also cornrnunicated Televant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indÉcations 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 not detect all irregukTitie4 including those leadiug to a material misstatement in the fancIal statements or non-cornpli&nce with regulation. This risk increases the n]ore that compliance with a law OT regulation is removed from the events alld transactions reflected in the fmancial statements, &$ we will be less likely to become aware of iJ]stances of non-complian¢¢. The rÉsk is also greater regarding irregularities occurring due to fraud rather than eOr, as fraud involves intentional ¢on¢ealment, forgery, Collusio omÉssÉon or misrepresenlatioEL Page 9
South Antrim Community Transport Independent Auditor's Report to the Members of South Antrim Community Transport Use of our report This report is made solely to the charitsbEe company's trustees, 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 migbt stats to th¢ charity's trSt¢es thos¢ matters we are required to state to tbem in an auditor's report and for no other purpose. To the Ilest extent p¢rn)itted by law, w¢ do not accept or assume responsibility to anyone other than the charitable company and its trnstees as a boay, for our audit worL for this reporL or for the opinÉons we have fornied. Barry For Senior Statutory Auditor) alf of IB Millar & Co, Statutory Auditor onbe 6 Doagh Ballyclare Co Antrim BT39 9BG 25 June 2024 Page 10
South Antrim Community Transport Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses). Total 2024 Unrestrieted Restricted Note Income and Endowments from: Charitable activities Investment income Other income 71272 1.880 12,661 778,473 849,745 1,880 12,661 Total income 85,813 778,473 864,286 Expenditllre on: Charitable activities Other expeuditure (584,441) (79,920) (584,441} (116,820} (36,900) Total ¢xpenditure (36,900) (664,361) (701,261) Net income 48,913 114,112 163,025 Net movement in fimds 48,913 114,112 163,025 Reeollclliatlon of Iunds Total fimds brought forward 246,207 130,701 376,908 Total funds carri¢d forward 22 295,120 244,813 539,933 Unrestricted funds Restrieted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trad3ng activiti¢S Investtnent income 500 28,637 7,941 1,190 500 272,382 7,941 1,190 243,745 Total income 38.268 243,745 282,013 Expenditure on: Charitable activities Other expendkture (268,733) (44,360) (268,733) (82,967) (38,607> Total expenditure (38,607) (313,093) (351,700) Net expenditwe 339 69,348 (69,687) Net movement in fimds (339} (69,348) (69,687) Reeoneiliation of funds Total fimds brougbt forward 246,546 200,049 446,595 Total funds Carried fon¥ard 22 246,207 130,701 376,908 The notes on pages 15 to 28 forni an illteal part of tbese f]nancial statements. Page 11
South Antrim Community Transport Statement of Finaneial Aetivities for the Year Ended 31 Mareh 2024 (Including Income and Expenditutre Aeeount and Statement of Total Reeognised Gains and Losses) All of the clwity's activities derive from Continuing operations during the above two p¢rio(Ls. Th¢ funds breakdown for 2023 is shown in note 22. The notes on pages 15 to 28 forni an Inteal part of thes¢ fllwicial statements. Page 12
South Antrim Community Transport (Registration number: M 050839) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangibl¢ assets 15 214,378 127,189 Current assets Debtors Cash at bank and in hand 16 21,961 363,743 385,704 13,679 310259 17 323,938 Creditors: Amounts falling due wtthin one year 18 (41,399) (36,569) Net eurrent assets 344,305 287J69 Total assets less current liabilities 558,683 414,558 Creditors: Amounts falllng due after more thall one year 19 (18,750) 37,650) Net assets 539,933 376,908 Funds of the charity: Restricted income funds Restricted fiuids 244,813 130,701 Unrestrieted ineome funds Unrestricted fimds 295,120 246,207 Total funds 22 539.933 376,908 These fjnancial statements have been prepared in accordance the special provisions relating to companies subject to the Sn11 c4)mwies regime 7th]n Part 15 of the Companies Act 2006. The fjnallcial statements on pages l I to 28 were approved by th¢ trustees, and authoris¢d for issue on 25 June 2024 and sigued on theÈr b¢half by: Mrs D Hopper Trustee The note5 Oll pages 15 to 28 fonn an xutegral part of these fu1claI stat¢m¢nts. Page 13
South Autrim Community Transport Statement of Cash Flows for the Year Ended 31 Mareh 2024 2024 2023 Note Cash flows from operating activities Net cath incomel{expenditure) 163,025 (69,68 Adjustments to cash flows from non-cash items Depreciation Investment income 116,820 (1,880) 277,965 82,967 (1,190) 12,090 Worlang capital adjustments (tncrease)Idecre&ge in debtors Increase in creditors 16 18 (8,282) 4,830 14,199 1,724 Net c&sh flows from operating activities 274,513 28,013 Cash flows from investing actlvlties Interest receivable and similar income Pur¢h&se of tangible fixed &ssets Sale of tangible fLxed assets 1,880 (212,515) 8,506 1,190 (80,344) 15 Net cash flows from investing activities {202,129) (79,154) Cash flows from finanelng activitfies Proceeds ofloons and boTrowings 20 18.900) 56,550 Net infftase in cash and cash equivalents 53,484 5,409 Casb and cash equivalents at l Apri Cash and cash equivalents at 31 March 310,259 304,850 363,743 310,259 Reeonciliatioll of aet cash flow to movement in net funds Increase in cash Cash outtlow from repayment of capital elem¢nt of fiTHllce leases and hire purchase COntrts 53.484 5,409 (18,900) 56,550 Cbange in net fimds resulting fr(Im c&8h flows 34,584 61,959 Net fimds at l April 2023 310,259 304,850 Net funds at 31 March 2024 344,843 366,809 All of the casb flows are derived from continuing ¢)perations durÈng the above two periods. The Thotes on pages 15 to 28 forni an int¢gTal part of these fjjwicial statements. Page 14
South Antri]n Conununity Transport Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status The charity is IAmited by guaralltse, incory)ornted in Northern Ire18nd, and consequently does not hav¢ share capital. Each of the ttvstees is liable to ¢ontril)ut¢ an amount not ¢xc¢eding £1 O towards th¢ assets of th¢ ¢]Jarkty in the event of liquidation. The address of its registered office is: Unit 30 DeDnison Industrial Estate Mill Road Ballyclare Co Antrim BT39 9EB These financial ststements wer¢ autboris¢d for issue by th¢ truste¢s on 25 Jun¢ 2024. 2 Accounting policies SumDxary of significant accounting policies and key accounting estimat&s The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applKed to all the years presented, unless otherwise stat Statexnent of compliance The fllwiciai ststements have been prepared in accordance witb Accounting and Reporting by Charities.. Statement of Reconllnended Practice (applicable to charities prq)aring their accounts in accordance with the Financial Reporting Standard 8pplicable in the UK and RepubEic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Fillancial Reporting St2ndaTd applicable in the UK and Republic of Ireland (FRS 102) and th¢ Compani¢s Act 2006. Basis of preparation South Alltrltn Community Transport m¢¢ts th¢ definition of a public ben¢fit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction V¢ unless oth¢rwis¢ stated in the relevant accourLting policy notes. Page 15
South Antrim Community Tranyport Notes to the Financial Statements for the Year Ended 31 March 2024 Going conoern The effects of budg¢t cuts and soaring prices Ilas created a difficult environment ill wbieh the Charity operates. Funding from the Departtnent of InfrastsCture and Departhient of Alcultural Environment and Rural Affairs has been agreed to March 2025. The Charity has sufficient awumulated res¢rves available to cover a deficit in funding from these departtnellts for a 12 month period from June 2024. Funding from the NatÈonal Lottery Community Fund for Northern Ireland and the n¢w fimding stream from Motability UK is being e1Ved and utilised a¢¢ording to the conditions of the funding a¢Ment. The Dir£ctors have pRtpared budget5 for the upcoming 12 months which indicate that the C]wity will continu¢ as a going concern. The financial statements have been prepared on a going concorn basis. Ineome and endowmeuts All income is recogni£ed once the charity has entitl¢ment to the income, it is probable that the income will be received and the amount of the income receivable can be measured r¢liably. Donatsons legacies Donations ar¢ recognised when the charity has been notified in writing of both the aOunt and settlement date. In the event that a donation is subject to conditions that require a lev¢1 of perforni&llce by the charity before the harity is entitled to the fids, the income is deferred and not recognised Ulltil eitber those conditions are Mly meL or the fulfihnent of those conditions wholly within the control of the ¢harity and it is probable that these onditions will be fillfilled in tbe rq)orting period. Expenditure All expenditure is recognised ollce there is a legal or ¢onsttu¢tive obligation to that expenditure, it is probable settlement is requixea and the amount can be measured r¢liabty. All costs are allocated to the applicable expenditur¢ heading t1$ aggregate SiEnilar costs to that category. Where costs cam]ot be directly attributed to particular h¢adings they have been allocated on a basis Consistent with th¢ use of resources, with central staff costs allocated on the basis of tim¢ sp¢]JL and depreciation charges allocated on the portion of the ass¢t's use. Otber support costs are allocated based on the spread of staff costs. Charztoble acllvldes Charitable expenditure comprises those costs incurred by th¢ charity in the delivery of its actkvities alld services for its beneficiaries. It includes both costs that can be allocated directly to sueh activities and those costs of an indirect nature n¢¢essary to support them. Support cost$ Support Costs include central fiCtionS and have been allOted to activity cost categories on a basis c4)DSiStent with the use of r¢sources, for example, allocating propety costs by floor areas. or per capit4 staff costs by the time spent and other costs by their usage. Page 16
South Antrim Community Transport Notes to the Financial Statements for the Year Ended 31 Mareh 21)24 Governance costs Tb¢s¢ include the costs attributable to the cJAarity's Compliance with Constitirtional and statutory requirements, including audit, str&tegxc management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Parngraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defmition of a charitable company for UK COOratiOn tsx pwpos¢s. Accordingly> the charity is potentially exempt from taxation in respert of income or capital gains received within categories covered by Chapter 3 Part I l of th¢ Corporntion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to clwitable pwses. Tangible fixed assets Individual fixed assets costing £100.00 or more ar¢ initially recorded at wst. Depreciation and amortisation D¢preciation is pmvided on tangible fixed &8sets so as to write off th¢ ¢ost or Valuatio kess any estimatsd residual value, over their experted useful economic life as follows: Asset class Depreciation method and rate 250/0 Reducillg balance basisl 250/0 Straight Line basis 250/0 lieducing balance basis 133.330/0 Stixigbt line basis Motor vehicles Furniture and equipment Trade debtors Trade d¢btors are amouots due from ¢ustom¢rs for merchandise sold or services peiformed in the ordinary course o£busin¢ss. Trade debtors are ognIsed initially at the transaction price. They are subsequently measured at amortised cost using the effective iuterest method, less provision for itnpairnient. A provision for the iJnpaiTment of trade debtors is established whell ther¢ is objertive evidence that the cFwity will not be able to collect all amounts due according to the origillai tern]s of the receivables. Cash and cash equivalents C&qh and cash equivalents comprise cash on hand and call deposÉts, alld other short-terni highly liquid invesknents that ar¢ readily convertAble to a known amount of cth and ar¢ subje¢t to an inslgnificant risk of ch?ge in value. Page 17
South Antrim Co]nmunity Transport Notes to the Fluallcial Statements for the Year Ended 31 March 2024 Foreign exchange Transactions in foreign currencies are Orded at the rat¢ of exchange at the dats of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet dale are reported at the rat&q of exchallge prevailing at that date. The results of overseas operations are translated at the average rates of exchange during the period ana their balanc¢ sheets at the rates nding at the balance sheet date. Exchange differences lsillg on translation of the opelliug net assets and results of overseas operations are reported in other comprehensive income and accumulated in ¢quity (attributed to non-controljing interests as appropriate). Other exchange differences ar¢ recognised in th¢ Statement of Financial Activities in the period in which they arise exwt for: l) exchange differences on transactions entered into to h¢dg¢ certain foreign currency risks (see above)" 2) ex¢hange differences arising on gains or losses on non-monetary items which are recolsed in other comprehensive income" and 3) in the case of the Consolidated fmancial stat¢ments, exchaE)g¢ differences on monetary items receivable from or payable to a forei1 operation for whlch s¢ttlem¢nt is neither planned nor likely to occur (therefore fonning part of the net investtnent in the foreign operation), which ar¢ recognised in other comprehensiv¢ income and reported under equity. Fund structure Unrestricted incolne funds are general funds that are avaiEable for us¢ at the truste¢s discretion in fi)rtherance of the objectives of the charity. Restricted income fiukds are those donatsd for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 18
South Antrim Community Transport Notes to the Financial Statements for the Year Ended 31 March 2024 3 In¢ome from donations and legaclos To£al 2024 Total 2023 Donations and legacies. Donations from companies, tnS and sirnilar proceeds 500 500 4 Income from Charitable activities Ullrestrieted fullds General Restricted fllnds Total 2024 Department for Infrastructure Assisted Rural Transport Scheme Disability Action Transport Scheme Motobility Foundation Group ServAces Dial a Lift Passenger Ftwes Disability A¢tioTh Pass¢nger Fares Lottery Funding - Community Wheels Antrim & Newtownabbey Borough Council 113,942 27,128 7,456 517.548 113,942 27,128 7,456 517,548 71,272 5,057 1,582 104,260 1,500 71272 5,057 1,582 104,260 1,500 71272 778,473 849,745 Unrestrieted funds Gentral Restricted unds Total 2023 D¢partment for Infrastrtwtu Assisted Rur Tmsport Scheme Group SeThices Dial a Lift Passenger Far¢5 Disability Action Passenger Fares Halifax Lottery Funding - Communty Wheels Antrim & Newtowivabbey Borough Council Department of Con)munities 117,871 27,092 117,871 27,092 28,637 4,211 4,805 3,000 81,550 950 4,266 28.637 4.211 4,805 3,000 81,550 950 4,266 243,745 28,637 272,382 Page 19
South Antrim Community Transport Notes to the Financial Statements for the Year Ended 31 March 2024 5 Income from other trading aetlvities Unrestricted funds General Total funds Total for 2024 Total for 2023 7,941 7,941 6 Other income UDrestricted funds General Total funds Gains on sale of tangible fixed assets for ¢haritys own use Total for 2024 12,661 12,661 12,661 12,661 7 ExpeRdtture on cbaritable activitles Restricted funds Total funds Note Department for Infrastsucture Motability Foundation Staff costs Allocated support ¢osts Governance Costs 141,071 324,199 87,119 30,639 1,413 141,071 324,199 87,119 30,639 1,413 Total for 2024 584 441 584,441 Total for 2023 268,733 268,733 In addition to th¢ ¢xpenditure analysed above, there are also govemance costs of £1,413 (2023 - £1,328) which relate directly to eharitabl¢ activities. See note 9 for further details. Page 20
South Antrim Community TraDSPOrt Notes to the Financial Statements for the Year Ended 31 March 2024 8 Other expendithre Unr¢stricted funds General Restricted funds Totsl unds Note Depreciation, amortisation and other sÈmilar costs 36,9(Xl 79,920 116,820 Total for 2024 36,900 79,920 116,820 Total for 2023 38,607 44,360 82,967 Page21
South Antrim Community Transport Note5 to the FillancRal Statements for the Year Ended 31 Mareh 2024 9 Analysis of govornanee and support costs Support costs alloeated to raising funds Premises costs InformaÉion Adminfistration including technology costs depreeiation Total funds Basis of allocation Provision of social transport services 5,054 15.536 10,049 30,639 Total for 2024 5,054 15.536 10,049 30,639 Total for 2023 5,613 15,242 10,456 31,311 Basis of allocation Reference Method of alloeation Actual cost Governanee eosts Restricttd fiinds Total rullds Audit fees Audit of the financial statements Other governance costs 1,230 183 1230 183 Total for 2024 1.413 1,413 Totgl for 2023 lJ28 1,328 10 Net incomingloutgoing resources Net incoming/(outgoing) resources for the year illclude: 2024 2023 Audit fees DeprecÉation of fixed ets 1230 116,820 1,150 82,967 Page 22
South Antrim Community Transport Notes to the FinAnci21 Ststements for the Year Ended 31 March 2024 11 Trustees remuneration and expen$¢s During the year the chaTity nmde the following transactÉQnS WFth trustees: No trustees, nor any persons ronnected with tELem, have received any remuneration from the charity dwing the During the year £182 was reitnbursed to Trustees reEating to travel expenses. 12 Staff costs The agate payroll costs wer¢ as follows". 2024 2023 Staff cost5 duriDg tbe year were: Wages and salaries Other staff costs 85,509 1,610 87,119 72.635 1,578 74,213 No fflnployee received emoluments of more than £60,000 during the year. 13 Auditors, remuneration 2024 2023 Audit of the fllwicial ststements 1,230 1,150 Page 23
South Alltrim ComLuuuity Transport Notes to tbe Financial Statements for the Year Ended 31 Mareh 2024 14 Taxation The charity is a Ycgstered charty and is theref4)re exempt from tsxation. 15 Tanglble fixed assets Furniture and equipment Motor vehicles Total Cost At l April 2023 Additions Disposals 30,076 1,971 378,825 210,544 (84,938 408,901 212,515 (84,938 At 31 March 2024 32,047 504,431 536,478 DepTeciation At l April 2023 Charge for the year ElimÉnated on disposals 26,701 2,118 255,011 114,702 76,432) 281,712 116,820 (76,432) At 31 March 2024 28,819 293,281 322,100 Net book value At 31 March 2024 3,228 211,150 214,378 At 31 Mar¢h 2023 3.375 123,814 127,189 16 Debtors 2024 2023 Trade debtors Prepa)qnents VAT recoverable Other debtors 4,760 11,748 (795) 6,248 21,961 7280 3,373 3,021 13,679 17 Cash and cash equivalents 2024 2023 Cash on hand Cash at bank Short-terni deposits 3,097 237,825 122,821 2,397 259,843 48,019 363,743 310.259 Page 24
South Antrim Community Transport Notes to the Financial Statements lor the Year Ended 31 March 2024 18 Credltors: amounts falllng due within one ye2r 2024 2023 Hire purchase and finance le&ses Other taxation and social securxty A¢cruals 18,900 2,898 19,601 18,9(MJ 2,357 15,313 41,399 36,570 19 Creditors: amouDts falling due after one year 2024 2023 Hire purclwe and financ¢ leases 18,750 37,650 20 Obligations under leases and hire purchase contraets The total value of future minimum lease payments was follows: 2024 2023 Within Olle year two to five years (18.900) (18,750) (18,900) 37,650 (37,650) (56,550) 21 Commitments Capital commitments The Company had no capital conllllitments at 31 March 2024 (2023 - £Nil). The total amowit contracted for but not provided in tbe financial statements was £Nil (2023 - £Nil). Page 25
South Antrim Community Transport Notes to the Financial Statements for the Year Ended 31 March 2024 22 Funds Balance at I April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestricted funds General Unrestricted 246,207 85,813 (36,900) 295,120 Restrieted funds Depariment of Infr&stwctur¢ Department of Infrastructure . capital Assisted Rural Transport Schem DALS fares Disability Action tthery Fund Communty Wheels ANBC Grants Halif Grant Motability Foundation 113,942 (113,942) 86,100 (43,045) (27,128} (6.639) (7,457) (ioi,iio) (10,626) (815) (1,000) (352,599) 43,055 27,128 6,639 7,457 93,633 10,626 1,500 41,966 34,489 635 2,01)0 1,320 1,000 164,949 517,548 Total restricted funds 130,701 778,473 (664,361) 244,813 Totsl funds 376,908 864,286 (701,261 539,933 Page 26
South Antrim Community Transport Notes to tbe Financial Statements for the Year Ended 31 March 2024 Balanee at I April 2022 Incomillg resources Resources expended Balance at 31 March 2023 Unrestricted fund$ GÉneral Unrestricted 246,546 38268 (38,607) 246,207 Restricted Dep2riment of Infrastructure Department of Infrastrnc1llre - apital AssAst¢d Rural Transport Scheme DALS fares Department of Communities Disability Action Lottery Fulld Community WheeIs ANBC Grants Halifax Grant 117,871 (117,871) 129,145 (43,045) (27,092) (4,211) (4,266) (4,805) (105,320) (5,168) <315) (1,000) 86,100 27,092 4,211 4,266 4,805 76,382 5,168 950 3,000 70,904 41,966 635 2,000 Totsl restricted funds 200,049 243,745 (313,093) 130,701 Total funds 446,595 282,013 351,700 376,908 The Company purchased a 15 seat¢T electric bus in April 2021. The cost was filY fimded by the DFI under the Blue Green tnfi7stsucture fimd. The total cost was £172,190 which included the install&ion of a charging point. The purchase has been detailed as Departsnent of tnfrastructure capital funiL Th¢ fiJnd will be amortised in full ov¢r 4 yws. Page 27
South Antrim Community Transport Notes to the Financial Statements for the Year Ended 31 March 2024 23 Analysis of net assets between funds Unrestrieted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities Creditors over l year 63,831 282,065 (32,026) (18,750) 150,547 103,639 (9,373) 214,378 385,704 (41,399) (18,750) 539,933 Total net assets 295,120 244,813 Unrestrieted funds General Total funds at 31 March 2023 Restricted funds Tangible fixed &sets cuellt assets Current liabilitÉes Cr¢ditors over l year 38,463 275,916 (30,522) (37,650 88,726 48,022 (6,047) 127,189 323,938 (36,569) (37,650) 376,908 Total net assets 246207 130,701 Page 28