COMPANY REGISTRATION NUMBER: N1607182 CHARITY REGISTRATION NUMBER: NIC104914 Easilink Community Transport Company Limited by Guarantee Financial Statements 31 March 2024 SP MCCAFFREY & CO Chartered accountants & statutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG
Easilink Community Transport Company Limited by Guarantee Financlal Slatemenls Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) Statement of financial position 11 12 Statement of cash flows 13 Notes to the financial statements 14 The following pages do not form part ol the financlal statements Detailed statement of financial activities 26
Easilink Community Transport Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrecior's Report) Year ended 31 March 2024 The trustees, who are also the directors for the pUoseS of company law, present their report and the financial statements ol the charity for the year ended 31 March 2024. Reference and admlnlstratlve detalls Reglstered charlty name Easilink Community Transport Charlty reglglrallon number NIC104914 Company reglslratlon number N1607182 Prlnclpal ofllce and reglstered Unit 12 Strabane Enterprise Agency olllce Orchard Road Industrial Estate Slrabane Co Tyrone 8T82 9FR The trugtees Mrs Mary T Conway Mr Daniel O Hagan Mr George Kerr M.B.E. Mrs Angela Hamilton Ms Jill Mccormack Ms Christine O Kane Mr John Mccay Mrs Bronagh Kearney Mr John Murray Mr David Slaler {Resigned 12 June 2023) Company secretary Mary T Conway Audltor SP Mccaffrey & Co Chartered accounlanls & statutory auditor 50 Campsie Road Orna9h Co Tyrone BT79 OAG Bankers Allied Irish Bank 2.4 Easl Bridge Street Enniskillen Co Fermanagh BT74 7BT
Easilink Community Transport Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) (conllnued) Year ended 31 March 2024 Structure, governance and management Governlng document Easilink Community Transport is a company limited by guarantee (Registration Number N1607182}. The company is governed by ils Memorandum ol Articles ol Association. In thè event ol the company being wound up, liability is limited lo £1 per member. Th8 company is recognised as a charity by HMFIC Irel XR323741 and by the Charities Commission lor Northern Ireland {rel N IC1049141. Prln¢lpal actlvlty The principal activity ol the partnership is the operation of transport and other r81aled services in the rural parts ol Derry Cily. Slrabane and Omagh districl areas lor the benefit ol the communily without dislinGlion ol age, sex, religion or other opinion. Declglon-maklng The Board ol Iruslees ol Easilink Community Transport are responsible for the overall legal and financial managemenl ol the charity. The Board meets once a month. The work ol implementing most ol their policies is carried out by the Chief Executive. to which the Board has delegated responsibility. Statement of rlsk$ The main risks lo the company are associaled with not being adequately funded lo continLJe with ils services in a manner which meets the current high demand lor accessible, demand responsive, door to door Iransporl. The Charity is reliant on 'Rural Transport Funéing, that il receives from Ihe Department lor Inlraslructure. Al the beginning ol this year, Ihis core funding was under threat in ils entirety, due lo the political impasse al Stormonl and because ol budgetary pressures within Dll. From August 2023 onwards. this core funding was awarded, bul was reduced by 5%• lor the remainder ol the year. Due lo the reduction in core funding. Coupled wilh significant cosl increases, particularly luel, maintenance and Minimum wage obligations. the company will now delivèr less passenger trips per year al an increased cost per trip, even though demand lor this service has never been greater. A key aim of the organisalion's Strategic Development Plan is Ihe development ol alternative income streams, so that we we can reduce the reliance on government funding. The Board ol Trusle8s is responsible lor all risks laced by the Charity. Risks are identified. assessed and controls eslablished Ihroughoul Ihe year. Through the risk management processes eslablished, the 8oard is satisfied that all major risks identified have been adequately miligaled, where necessary. 11 is recognised that systems can only provide reasonable but nol absolute assurance that major risks have been adequately managed. Oblectlves and acllvltles We have referred lo the guidance Contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our luture aclivilies.
Easilink Community Transport Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continuedj Year ended 31 March 2024 Oblectlves and actlvltles f¢onlinuod) Charlty's alms Easilink Community Transport aim to provide a transport oplion to rural dwellers in Omagh, Slrabane and Foyle areas who have dilfi¢ully or are unable lo access public Iransport. Achlevements and performance The table below summarises the number ol trips carried out by Easilnk for the financial year ended 31 March 2024 lyeai ended 31 Mar¢h 2023 is shown for comparison)- 2024 24,805 33,258 1,896 4,812 12,424 2023 21,396 30,559 1,030 4,496 10,602 Dial-A-Lift Passenger Trips Group Hire Passenger Trips Disabilily Action Passenger Trips Rural Links to Health Passenger Trips Volunteer trips (comprised ol above) FlnancSal revlew Grantg The directors are sat151ied that all gfants, including the Rural Transport Fund grant, Dll capital grant and Covid Relief (Resource) Funding. have been used solely lor the purposes lor which they were intend8d and in accordance with the lerrns and conditions ol Ihe grants. Aeserve8 poIIcy The directors ot Easilink Community Transport have sel up a reserves policy which requires that reserves be maintained. in unrestricted bank accounts, al a level which ensures that Easilink's organisation core aclivilies, redundancy provision and vehicle replacement could continue during a period ol unloreseen difficulty. The directors consider that this figure should bè £565,000 and will endeavour to reach this figure in the next few years. The Company's Reserve Policy is reviewèd by the directors on an annual basis.
Easilink Community Transport Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conlinued) Year ended 31 March 2024 Plans lor future perlods Strateglc Developmenl P18n for 2022125 During this financial year. Easilink Comrnunily Transport have developed a new, 5-year Strategic D8velopm&nl Plan which has replaced our previous long-terrn Slrategy. The planning process identified the following key priority areas which as an organisalion we will locus on in the rnonlh5 and years ahead., Lobbying and Influencing Capability and Capacity Diversify Our Income Generation Model Innovation and Service Development Short lo Medium Term Suslainabilily Motablllty Partnerghlp Based Prolect Easilink Community Transport are delighted lo have been successful in a £3.42 million funding bid lo Molabilily through their 'Communily Transport Grant Programme.. The project which will b89in in the coming months is a partnership between lead partner, Easilink Community Transport, and a lurther three Rural Community Transport Partners (CDM Community Transport, Fermanagh Community Transport and North Coast Community Transport). The goal ol this 3-year Project is 10 'Give disab18d People who require access lo Community Transport a beller quality ol life. and we will achieve this through 4 key delivery strands.. delivery ol passenger trips lo individuals and groups, sourcing, and procurement ol Iwenly-Ihr8e accessible vehicles. and the selling up ol a driver Iraining and employment programme. The main risks lo the company are associated with being adequately funded lo continue wilh its services. Going lorward the organisation will continue lo manage the impact of the Govid 19 Pandemic in terrns ol reduced demand for group hire business. which results in an increased cost per trip. Secondly, we are continuing to experience a significant increase in operating costs, particularly in relation lo fuel and wages and we have received no indication from our core lunders Ihal additional revenue would be available lo alleviate these cost pressures. This will result in a significant reduction in our passenger Irip numbers, an inability lo meet the demand in our operational area and potenlial repulalional damage il Services cannot be lullilled by Easilink lo the levels which they were before. Trustees, responsSbllltles slatement The Iruslees, who are also directors lor the purposes ol company law, are responsible for preparing the trustees, report and the financial stalemenls in accordance with applicable law and Uniled Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees lo prepare financial statements for each year which give a true and fair view ol the slate ol affairs ol the charilable company and the incoming resources and application of resource5, including the income and expenditure, for Ihal peri¢Jd.
Easilink Community Transport Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continue41) Year ended 31 March 2024 In preparing these linancial statements, the Iruslees are required lo: select suitable accounting policies and then apply ihem consistently. observe Ihe methods and principles in the applicable Charilies SORP: make judgmenls and accounting estimates that are reasonable and prudent. The trustees are responsible lor keeping adequale accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any lime the linancial position of the charily and enable them lo ensure that the financial statements comply wilh th8 Companies Act 2006. They are also responsible lor safeguarding the assels ol the charity and henc8 for taking reasonable steps for Ihe prevention and detection ol fraud and other irregularilies. Audltor Each ol the persons who 1$ a trusleg al the date ol approval of this report confirm5 that.. so far as they are aware, there is no relevant audit information ol which the charity's auditor is unaware,. and Ihey have lak8n all steps that they ought lo have taken as a trustee lo make themselves awar8 01 any relevant audit information and lo establish that the charity's auditor is aware ol that information. The auditor is deemed to have been re-appoinled in accordance with section 487 01 the Companies Act 2006. Small company provl8lon$ This report has been prepared in accordance with the provisions applicable to companies enlilled to the small companies exemption. The Iruslees, annual report was approved on 25 June 2024 and signed on behalf ol the board of trustees by: Mr Daniel O Hagan Trustee Mr George Kerr M.8. Truslae
Easilink Community Transport Company Llmlted by Guarantee Independent Auditor's Report to the Members of Easilink Community Transport Year ended 31 March 2024 Oplnlon We have audited the financial 51alements of Easilink Community Transport (the 'charily'l lor Ihe year ended 31 March 2024 which comprise the statement ol financial activities (including income and expenditure accounll, slalemenl ol financial position, slalemenl ol cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opnion the financial statements- give a true and lair view of the slate ol the charily's affairs as at 31 March 2024 and of ils incoming resources and appli¢alion ol resources, including ils income and expenéilure, lor the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepied Accounting Practice. have been wepared in accordan wilh the requirements of the Companies Act 2006. Ba818 for oplnlon We conducted our audit in accordance with Inlernalional Standards on Auditing IUKI I ISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities lor Ihe audit ol lh8 financial slalemenls section ol our report. We are inéependenl of the Charity in accordance with the ethical requirements Ihal are relevanl to our audit ol the financial statements in Ihe UK, including the FRC'S Ethical Slandard, and we have lullilled OUT olhar ethical responsibilities in accordance with these Tequirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Concluslons relallng to golng concern In auditing the financial slalernents, we have concluded Ihal Ihe Iruslees, use of the going concern basis ol accounting in the preparation ol the financial slalernents is appropriate. Based on the work we have performed, we have not idenlilied any material uncertainties relating io events or Conditions Ihat, individually or collectively. may casl significant doubl on the charity's abilily to continue as a going concern for a period of at least twelve rnonth5 from when the linancial slalements are aulhorised lor issue. Our responsibilities and the responsibilities ol the trustees with r8specl lo going concern are d8scribed in the relevant seGtions of this r8POrt.
Easilink Community Transport Company Limited by Guarantee Independent Audltor's Report to the Members of Easllink Community Transport (conlinued) Year ended 31 March 2024 Other Inlormatlon The other information comprises the inlormalion included in the annual report, other than th& financial slalemenls and our auditor's report thereon. The trustees are responsible lor the other information. Our opinion on the financial slalemenls does nol cover the other information and. except lo the extent otherwise explicitly slated in our report, we do not express any form ol assurance conclusion Ihereon. In connection with our atsdil ol the financial stalements, our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislent wilh the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identity such material inconsislencies or apparent material mi5Stalemenls, we are required lo determine whethèr there is a malerial rnisstalemenl in the financial slalements or a material misstalefflenl ol the other information. 11, based on the work we have perlormed, we conclude that there is a material misslalement ol this other information, we are required lo report that fact. We have nolhin91o report in this regard. Oplnlon8 on other matters pres¢rlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course ol the audit: the inlormalion given in the trustees, report for the financial year lor which Ihe financial stalernenls are prepared is consislenl wilh the financial slalemenls: and the trustees. report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In thè light ol the knowledge and understanding ol the charity and ils environment obtained in the course ol the audit, we have not identified material misslalements in the Iruslees. report. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us lo reporl lo you il. in our opinion= adequate accounting records have nol been kepi, or returns adequate IOT our audit have not been received from branches not visiled by us., or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of Irusle8s' remuneration specified by law are not made,. or we have nol received all Ihe intomialion and explanations we require lor our audit; or Ihe trustees were nol enlilled lo prepare the financial statements in accordance wilh the small ompanies regime and lake advanlage of the small companies. exemptions in preparing the directors, report and Iroffl the requirement to prepare a slrategiG report.
Easilink Community Transport Company Limited by Guarantee Independent Audltor's Report to the Members of Easilink Community Transport Icontlnu8d) Year ended 31 March 2024 Re8ponslbilitles ol trustees As explained more lully in Ihe Iruslees, responsibilities statemenl, the Iruslees (who are also the directors for the purposes ol company lawl are responsible for the preparation ol the financial slalemenls and lor being salislied that they give a true and fair view, and lor such internal conlToI as the Irustees determin8 is necessary 10 enable Ihe preparation ol financial slalements thal are Iree from material misstalemenl, whether due lo fraud or error. In preparing the financial slalements, the trustees are r8sponsible IOT assessing the charity's ability lo continue as a going concern. di5cIosing. as applicable, mallers related to going concern and using 1he going concern basis of accounling unless the Iru51ees either intend lo liquidale the charity or to cease operations, or have no iealislic alternative bul lo do so. Audltor's responslbllltles lor the audll of Ihe flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statemen15 ag a whole are free from material misslalemenl, whether due lo fraud or error, and to issue an audilor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee Ihal an audit conducted in accordance with ISAS (UK) will always delecl a material misslalement when it exists. Misslalemenls can arisè Irom fraud or error and are considered rnalerial il, individually or in the aggregate, they could reasonably be expected lo Influence the econornic decisions ol users taken on the basis ol these financial statèments. Irregularities, including Iraud. are instances of non-compliance with laws and regulations. Wè design procedures in line with our responsibilities. outlined above, lo delect material mi5s1alemenls in respect ol irregularities, including fraud. The exlenl lo which our procedures are Capable ol detecting irregularities, including fraud 15 detailed below: Extenl to whlch the audll wa8 consldered capable of detectlng Irregularltles, Includlng fraud. We idenlily and assess the risks ol material misslalement ol the financial slatem8nls, whether due lo fraud or error, and then design and pertorm audit procedures responsive lo those risks, including obtaining audit evidence that is sullicienl and appropriate to provide a basis lor our opinion. In idenlilying and assessing risks ol material misslalemènt in respect irregularities, including Iraud and non compliance with laws and regulations. we considered the following.. -the ability ol managemenl lo lo lo override controls -the nature of the industry and sector, together with the performance ol the entily.lhe use of estimates and judgements in the preparation of financial slalements As a result of the above we have considered the opportunities that may exist wiihin the entity lor fraud and identified the greate51 potential for fraud to be management override of conlrols. In common with all audits under ISAS IUKlwe are required lo perform specrfic procedur8S to respond lo Ihe risk ol rnanagement override. In response lo the above potential ri5k5 we have responded by: -we review minutes ol meeting5 for reference lo any breaches in laws and regulations and past inslan¢es ol fraud -we discuss risk ol fraud al the audit team meeting, including fraud relating io revenue recognition. related parties, and management override and financial slalemenls disclosures -we discuss with management as to how they arxess, identify and respond lo Iraud risk within Ihe company.
Easilink Community Transport Company Limited by Guarantee Independent Auditor's Report to the Members of Easilink Community Transport Iconlinuedj Year ended 31 March 2024 As part ol an audit in accordance with ISAS {UK). we exercise professional judgment and maintain professional scepiicism throughout the audit. We also: Identify and assess Ihe risks of material misslalemenl of the financial slatemenls, whether due lo fraud or error. design and pèrform audit procedures responsive to Ihose risks, and obtain audit evidence that is sumicient and appropriate lo provide a basis lor our opinion. The risk ol nol detecting a material misstaiemeni resuliing from fraud is higher than lor one resuliing from error, as fraud may involve collusion, lorgery, intentional omissions, misr8presenlalions, or the override ol internal control. Obtain an understanding ol internal control relevant lo the audit in order to design audit procedLJres that are appropriate in the ¢ircumslances, bul not lor Ihe purpose ol expressing an opinion on the elfecliveness of the internal control. Evaluate the approprialen8ss ol accounting policies vsed and the reasonableness ol accounting estirnate5 and related disclosures made by the Iruslees. Conclude on Ihe appropriateness of the trustees, use ol the going concern basis ol a¢¢ounling and, based on the audit evidence obtained, whelher a material uncertainty exists related lo events or conditions that may cast signilicanl doubl on the charity's ability lo continue as a going concern, 11 we conclude Ihal a material uncertainly exists, we are required lo draw allenlion in our auditor's report lo the relaled disclosures in the financial slalemenls or, il such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the dale ol our auditor's report. However, lulure events or conditions may cause the charity lo cease lo continue as a going concern. Evaluate the overall presentation, structure and content ol the financial stalemenls, including the disclosures, and whether the financial slatemenls represent the underlying transactions and events in a manner that achieves fair pr8senlalion.
Easilink Community Transport Company Llmited by Guarantee Independent Audltor's Report to Ihe Members of Easlllnk Community Transport (contlnuedj Year ended 31 March 2024 We communicatè with those Charged with governance regarding, among other matters, the planned scope and liming ol the audit and significant audil findings, including any significant deficiencies in internal control Ihal we idenlily during our audil. Use ol our report This report is made solely to the charity's members, as a body. in a¢¢ordance with Chapter 3 01 Part 16 ol the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charity's members those rnatters we are required lo stale lo them in an auditor's report and lor no other purpose. To the lullesl exlenl permilled by law. we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, IOT this report, or lor the opinions we have lormed. on (Senior Stalulory Auditor) and on behalf ol SP Mccaffrey & Co Chartered accountants & slatutory auditor 50 Camp5ie Road Omagh Co Tyrone BT79 OAG 25 June 2024 10
Easilink Community Transport Company Llmiied by Guaraniee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Dll Restricted funds 2023 Other Restricted funds Total lunds Total funds Unreslricled funds Nol• Incorne and endowments Donation5 and legacies Charitable activities Investment income 320 219,960 5,542 370,880 33.364 927.238 5,128 1,298,438 258.452 5.542 556,701 175,821 2,595 Total Income 225,822 404.244 932,366 1.562.432 737,117 Expendlturo Expenditure on raising lunds: Costs ol raising donations and legacies Expenditure on chaiilable aclivilies 100,271 217.707 889,656 1,207,633 432,024 69,454 186,537 42,710 298,702 299,812 Total expendlture 169,725 404,244 932,366 1,506.335 731,836 Nel Income and net movement In lunds 56.097 56,097 5,281 Reconclllatlon ol funds Tclal funds brought lorward as previously reported Prior year adjuslmenl IEle¢tri¢ bus) Total funds brought forward as reslaled 446,990 446,990 441,709 (57,390) 157,3901 157,3901 446.990 (57,390) (57.390) 389,600 384,319 Total fund8 ¢8rrled forward 503,087 445,697 389,600 The slalemenl ol financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The nolos on pages 14 to 24 form part of Ihese Ilnancial stalemenl$. 11
Easilink Community Transport Company Limited by Guarantee Statement of Flnanclal Position 31 March 2024 2024 2023 Nole Flxed assets Tangible fixed assets 12 518.570 217,494 Current assets Debtors Cash at bank and in hand 13 176,634 756,278 56,677 367,836 932,912 424,513 Credltors: amounts falllng due wllhln one year Trade creditors Other creditors including taxation and social security 137,140 443.511 39,777 78,982 14 580.651 118,759 Net current as8et8 352.261 305,754 Total assets lass current Ilabllltle8 870,831 523,248 Credltorg: amountg lalllng due after more than one year Other creditors including laxalion and social security 15 11.651 31,500 Accru818 and deferred Income 413,483 102,148 Nel assets 445,697 389,600 Funds of the charlty Restricted funds Unrestricted funds {57,3901 503,087 157,3901 446,990 Total ¢harlty funds 445,697 389,600 These financial statements have been prepared in accordance with the provision5 applicable lo companies subject lo the small companies, regime. These financial statements were approved by the board ol Iruslees and aulhorised lor issue on 25 June 2024, and are signed on behalf ol Ihe board by.. Mr Daniel O Hagan Trustee Mr George Kerr M.B.E. Trustee The notes on pages 14 10 24 fonn part of these flnanclal statement& 12
Easilink Community Transport Company Limlted by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from oper8tlng actlvitles Nel income 56,097 5,281 Adjustments lor.. Depreciation of tangible fixed assets Amortisation of intangible assets Other inl8r8sI receivable and similar incom8 Interest payable and similar chaiges 130,655 (120,3961 (5,5421 6,426 61,956 134,0501 12,5951 3,390 Changes in." Trade and other debtors Trade and other creditors 1119,957) 894,272 18,399 1,439 Cash generated from operations 841,555 51,820 Inler8sI paid Interest received 16,4281 5,542 13,390} 2,595 Net cash from operating activities 840,671 51,025 Cagh flow3 from Investlng acllvltle8 Purchase ol tangible assets Proceeds from sale of tangible assets Net cash used in investing activities 1431,731) {68,130) 12,979 {55,151) 1431,731} Ca8h flow8 trom Ilnanclng actlvltles Payments ol finance lease liabilities Net cash (used in)Ifrom financing activities (20,498) 120,498) 26,971 26,971 Net Increase In c88h and cash equlvalenls Cash and cash equlvalents al beglnnlng of year Cash and cash equlvalents al end ol year 388,442 367,836 756,278 22,845 344,991 367,836 The notes on pages 1410 24 fomi part of these flnancial statements. 13
Easilink Community Transport Company Limited by Guarantee Notes to the Flnanclal Statements Year ended 31 March 2024 General Informallon The charity is a ptsblic benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address ol the registered oflice is Unit 12 Slrabane Enterprise Agency, Orchard Road Induslrial Eslale, Slrabane, Co Tyrone. BT82 9FR. Statement of compllance These financial slalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Aeporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102)) and thè Companies Act 2006. Accountlng pollcle8 Basls of prep8ratlon The financial slalements have been prepared on the historical cosl basis, as modified by the revaluation ol certain financial assets and liabilities and inveslrneni properties measured al lair value through income or expenditure. The financial slalements afe prepared in stèrling, which is the functional Currency ol the entity. Golng con¢ern There are no material uncertainties about the charity's ability lo continue. Judgements and key sources of estlmatlon uncert8lnty Estimates and judgements are continually evaluated and are based on historical experience and other laclors, including expectations ol future events ihal are believed lo be reasonable under the circurnslances. Fund accountlng Unrestri¢ted funds are available lor us8 at the discretion of Ihe trustees lo further any of the charity's purposes. Designated funds are unreslrict8d funds earmarked by the irusl88s for particular lulure project or commilmenl. Restricted funds are subjected lo reslri¢lions on their expenditure declared by the donor or through the terms of an appeal, and fall into one ol two sub-classes.. re5tricled incorne funds or endowrnenl funds. 14
Easilink Community Transport Company Llmiied by Guarantee Notes to the Financial Statements (eoniinu) Year ended 31 March 2024 Accountlng pollcles (¢¢Mtlnued) Incomlng resources All incoming resources are included in the slatemenl ol financial activities when enliilemenl has passed lo the charity., il is probable that Ihe economic benelils associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specilic policies are applied lo particular calegories of income- income from donations or grants is recognised when there is evidence ol enlillernenl to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured al the lair value ol the goods unless this is impractical to measure reliably, in which case the value is derived from the cost lo the donor or thè estimalod resale value. Donated lacililies and services are recogni5ed in the accounts when received il the value can be reliably measured. No amounts are included lor the contribution ol general volunteers. income from contracts for the supply of services is re¢ognised with the d81ivery ol the contracted seTvi¢e. This 15 classified as unrestricted funds unless there is a conlraclual requirement lor il lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resouices expended Expenditure is recognised on an accruals basis as a liability is incurred. Expendilure includes any VAT which cannot be fully recovered, and is classified under headings ol the slalement of linancial activities lo which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activilies, and the sale ol donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims lor the benelil of ils beneficiaries, including those support costs and costs relating lo the governance ol the charity apportioned to charitable aclivilies. olher expendilure includes all expenditure Ihal is neither relaled to raising lunds lor the charily nor part ol its expenditure on charilable aclivilies. All costs are allocated to expenditure calegories reflecting the use ol the resource. Direct costs attributable lo a single activity are allocated direcily to that activity. Shared costs are apportioned between the a¢livilies they ¢ontribute to on a reasonable, justifiable and consislenl basis. Operating leases Lease payments are reGognised as an expense over the lease term on a slraighl-line basis. The aggregale benefil of lease incentives is recognised as a reduction to expense ovef the lease term, on a slraighl-line basis. 15
Easilink Community Transport Company Limited by Guarantee Notes to the Financlal Statements (continued) Year ended 31 March 2024 Accountlng pollcles {¢fyillnu•LI) Intanglble asgets Intangible assets are initially recorded at cost. and are subsequenlly slated al cost less any accumulated arnorlisalion and impairment losses. Any intangible assels carried al revalued amounts, are recorded al ihe lair value at the dale ol revaluation, as determined by reference lo an activ8 market. less any subsequent accumulated amortisalion and sybsequenl accumulated impairmenl losses. Intangible assets acquired as part ol a business combination are only recognised sèparately from goodwill when they arise from Gonlraclual or other legal rights, are separable. the expected lulure economic benefits are probable and the cost or value can be measured reliably. Research and development Research expenditure is written off in the p8riod in which il is incurred. Development expendilufe incurred is capilalised as an intangible asset only wh8n all ol the following criteria are met: 11 is technically feasible lo complete the intangible assel so that il will be available lor use or sale: There is the inlenlion lo complete Ihe intangible asset and use or sell il., Ther8 IS the ability lo use or sell the intangible asset,. The use or sale ol Ihe intangible asset will generate probab18 future economic benelilS-, There are adequate technical, linanGial anij other resources available lo complete the development and to use or sell the intangible asset- an The expenditure allributable lo the intangible asset during Its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred. Tanglble a88ets Tangible assets are initially recorded al cosl, and Subsequently slated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al the fair value at the date ol revaluation less any subsequent accumulated depreciation and subsequenl accumulated impairment losses. An increase in the carrying amount ol an asset as a result of a revalualion, is recognised in other recognised gain5 and losses, unless it reverses a charge lor impairment Ihai ha5 previously been recognised as expenditure within the statement ol linancial aclivilies. A decrease in the carrying amount ol an assel as a result of revalualion, is recognised in olher recognised gains and losses, except lo which it offsets any previous revaluation gain, in which case the loss is shown wilhin other recognised gains and losses on the statement ol financial aclivilies. 16
Easilink Community Transport Company Llmited by Guarantee Notes to the Financlal Statements (eontlnued) Year ended 31 March 2024 Accountlng policles (conHnu•d) Depreclatlon Depreciation is calculated so as to write off the cost or valuation ol an asset, less ils residual value, over the useful economic life ol that asset as follows: Fixtures and fittings Motor vehicles 33Yo reducing balance 20Yo reducing balance Impalrment of flxed assets A review lor indicators of impairment is carried out al each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds Ihe recoverable amount, the asset is impaired accordingly. Prior impairmenls are also reviewed for possible reversal al each reporting date. For Ihe purpose5 01 impairment testing, when il is not possible lo eslirnale the recoverable amount ol an individual asset, an estimate 15 made ol the recoverable amount ol the cash-generaling unil lo which the as5el belongs. The cash-generaling unil is the srnallesl idenliliable group ol assets that includes the assel and generates cash inflows that largely independenl ol the cash inflows from other assets or groups ol ass&ls. For impairment le51ing of goodwill, the goodwill acquired in a business combination is, from Ihe acquisition dale, allocated lo each of the cash-generaling uni15 that are expected lo benefit from the synergies of the combinalion. irrespective ol whelhef other assets or liabilities ol the charity are assigned lo those units. Flnance leases and hlre purchase contracts Assets held under finance leases and hire purchase conlracls are Tecognised in the statem8nl ol financial position as assets and liabilities at the lower of the lair value ol thè assets and the present value ol Ihe minimum lease payments, which is determined al the inception of the lease term. Any initial direcl costs ol the lease are added to the amount recognised as an asset. Lease payments are apportioned between ihe finance charges and reduction of the oulslanding lease liability using the elleclive interest method. Finance charges are allocated to each period so as 10 produce a conslanl rate ol interest on the remaining balance ol the liability. Government grants Government grants are recognised at the fair value ol the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and Ihe grants will be received. Where the grant does nol impose sp8cilied lulure performance-related conditions on Ihe recipient, il is recognis8d in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-relaled conditions on the recipient, il is recognised in income only when the performance-relaled Gondilions have been rnel, Where grants received are prior to salisfying the revenue recognition criteria, they are recognised as a 17
Easilink Community Transport Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 Accountlng pollcles {continuedJ Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the contractual provisions ol the instrument. Basic financial inslrumenls are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabililies are subsequently measured al the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where inveslmenls in shares are publicly traded or their fair value can otheiSe be measured reliably, the investment is subsequently measured at fair value with changes in lair value recognised in income and expendilure. All other such inv8slments are subsequently rneasured al osl less impairment. Other financial inslrumenls. including derivatives, are initially recognised al lair value, unless paymenl for an assel is deferred beyond normal business terms or financed al a rate ol inleresl that is not a markel rate, in which case the asset is measured al Ihe present value ol lh8 future payments discounted at a market rale ol interest lor a similar debt instrument. Other financial instruments ar8 subsequently measured al lair value, wilh any changes recognised in the stalernenl ol financial activities, with the exception ol hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed lor objective evidence ol impairment at the end of each reporting date. 11 there is objective evidence ol impairment, an impairment loss is recognised und&r the appropriale heading in the slalement of financial activities in which the initial gain was recogni5ed. For all equity instruments regardless ol significance, ané other linancial asse15 that are individually signilicanl, these are assessed individually lor impairment. Other financial assets are either assessed individually or grouped on the basis ol similar credit risk characlerislics. Any reversals ol impairment are recognised immediately, lo the exlenl that the revèrsal does nol resuli in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairmenl not previously been recognis8d. Deflned eontrlbullon plans Contribulion5 to defined contribution plans are recognised as an expense in Ihe period in which the related service is provided. Prepaid contributions are recognised as an a55el to the exlent that the prepayment will lead lo a reduclion in future paymenls or a cash refund. 18
Easilink Community Transport Company Limited by Guaranlee Notes to the Financlal Statements (eontlnued) Year ended 31 March 2024 Accountlng pollcle¥ (¢onlinued) Def Ined conlrlbutlon plans (contlnu•dJ When contributions are not expected to be settled wholly within 12 monlhs ol the end ol the reporting dale in which the employees render the related service, the liability is measured on a discounted present value basis. The unwirKling ol the discount is recognised as an expense in the period in which il arises. Llmlted by guaranlee Easilink Community Transport is a company Limited By Guarantee and accordingly does not have a share capital. Every director of the Company undertakes lo contribute such an amountas may be required, not exceeding £1 , to the assets ol the charitable Company in Ihe event ol il being wound up while he or she is a member, or within one year aller he or she c8as8s to be a member. Donallons and legacle8 Dfl Reslricled lunds Other Reslricled Total Funds funds 2024 Unrestricted Funds Donatlon8 Donation5 320 320 Grant8 Assisled Rural Transport Scheme Disability Action Transport Scheme Grant Dept lor Infraslruclure.- Rural Transport Fund Grant Derry City & Slrabane District Council.. PoliGing & Community Safely Partnership Molabilily Foundation Funding Derry City & Strabane Districl Council- Volunteer Car Scheme National Lottery Community Fund: Rural Links lo Healih and Well-being Fermanagh & Omagh District CoLJncil Granl 74,381 74,381 82,842 82,842 296,499 296,499 727,506 727,506 3,200 3,200 103,690 103,690 10,000 927,238 10,000 1,298,438 320 370,880 Dfl Reslricled funds oiher Restricted Total Funds funds 2023 Unreslricled Funds Oonatlons Donations 19
Easilink Community Transport Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 Donatlons and lega¢le8 f¢onllnu8d) Other Restricted Total Funds funds 2023 Unrestricted Funds Reslricled funds Grants Assisted Rural Transport Scheme Disability Action Transport Scheme Grant Depi lor Infraslruclure.. Rural Transport Fund Grant Derry Cily & Strabane District Council: Policing & Community Safety Partnership Molabilily Foundation Funding Derry City & Slrabane District Council: Volunteer Car Scheme National Lottery Community Fund.. Rural Links lo Health and Well-being Fermanagh & Omagh District Council Grant 67,202 67,202 83,679 83,679 306,723 306,723 6,380 6,380 4,000 4,000 90,717 90,717 373.925 184.778 558,701 Charltable acllvltles Dfl Reslricled funds Other Restricted Total Funds lunds 2024 Unreslricled Funds Minibus group hire Disability Action Transport Scheme Fare Income Dial-A-Lili Fare Income Membership fees Management lees and contributions to overheads Rural Links lo Health and Well-being Income Trainino and seminars Pro¢eed5 from sale of minibuses Summer trips 119,284 119,284 5,128 5.128 26,372 6,992 26,372 6,992 28.279 28.279 38,447 450 33,500 38,447 450 33,500 219,960 33,364 5,128 258,452 20
Easilink Community Transport Company Limlted by Guarantee Notes to the Flnancial Statements {conllnuedJ Year ended 31 March 2024 Charitable activities (conllnued) Dfl Restricted funds Oth8r Restricled Total Funds lunds 2023 Unrestricted Funds Minibus group hire Disability Action Transport Scheme Fare Income Oial-A-Lill Fare Inrne Membership lees Managernenl fees and contributions to overheads Rural Links lo Health and Well-being Income Training and seminars Proceeds from salè ol minibuses Summer trips 103,992 103,992 2,419 2,419 21,954 7,608 21.954 6,986 620 25.665 200 12,980 1,005 25,665 200 12,980 1.005 144,462 28,940 2,419 175,821 Investment Incomo Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Bank interest receivable 5,542 5,542 2,595 2,595 Audltor8 remuneratlon 2024 2023 Fees payable lor the audit ol the financial stalemenls 1,500 1,500 Staff costs The average head count of employees during the year was 21 12023: 221. The average number ol full-lime equivalent employee5 during the year is analysed as follows.. 2024 No. 2023 No. Managernent Adrninislralion Drivers 13 21 22 No employee received employee benelils ol more than £60,000 during the year12023-. Nill. 21
Easilink Community Transport Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 10. Trustee remunerallon and expenses No rernuneralion or other benefits from employment with the charity or a related entily were received by the Iruslees. 11. Intanglble assets Webslte Cost At 1 Aprll 2023 and 31 March 2024 Amortlsatlon At 1 Aprll 2023 and 31 March 2024 Carrylng amount At 31 March 2024 2,100 2,100 Al 31 March 2023 12. Tanglble Ilxed assets Fixtures and liltings Moloi vehicles Total Cogt Al 1 April 2023 Additions Disposals At 31 March 2024 67.260 529.727 596,987 431,731 431,731 1160,0001 1160,0001 801,458 868,718 67,260 Depreclatlon At 1 April 2023 Charge lor Ihe year Disposals At 31 March 2024 64,563 1 ,350 314,930 379,493 129,305 130,655 1160,0001 1160,0001 284,235 350,148 65,913 Carrylng amount At 31 March 2024 1,347 517,223 518,570 217,494 Al 31 March 2023 2,697 214,797 13. Debtors 2024 2023 Trade debtors Other debtors (see below} 156,057 20,577 35,874 20,803 176.634 56,677 22
Easilink Community Transport Company Limited by Guarantee Notes to the Financial Statements (conllnu8dJ Year ended 31 March 2024 13. Debtors (continued) 2024 2023 Other deblors Assisted Rural Transport Scheme Due Derry City & Strabane District Council Grants Due VAT liability 14,250 13,887 4,790 2,126 6,327 20,577 20,803 14. Other credltors Includlng taxatlon and soclal securlty falllng due wllhln one year 2024 2023 Social security and other laxes Obligations under finance leases National Lottery Community Fund Grant not SP8nl Molabilily Foundation Granl Not Spent Dormanl Accounts Fund Granl Not Spenl 4,237 19,849 59,385 339.974 20.066 3,741 20,498 54,743 443,511 78,982 15. Other credltor8 In¢ludlng taxallon and $o¢lal securlty falllng due alter more than one year 2024 2023 Obligations under finance leases 16. Flnance leases and hlre purchase contracts 11,651 31,500 The iolal future minimum lease payrnenls under finance leases and hire purchase conlracls are as follows= 2024 2023 Not later Ihan 1 year Later than 1 year and nol later Ihan 5 years 19.849 11,651 20,498 31,500 31,500 51,998 23
Easilink Community Transport Company Llmited by Guarantee Notes to the Financial Statements (etmllnued) Year ended 31 March 2024 17. Deferred Income 2024 2023 Al 1 April 2023 Amount reGeived in year Amount deferred in year At 31 Mar¢h 2024 102.148 431,731 1120,3961 413,483 136,198 134,050) 102,148 Deferred Income received during the year was: 2024 2023 Motabilily Foundation Grant lor Easilink minibuses 431,731 18. Government grants The amounls recognised in the financial statements for government grants are as follows.. 2024 2023 Recognised in accruals and deferred income.. Deferred government grants du8 after more than one year 413,483 102,148 19. Analys1$ ol changes In net debl At Al 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand Debt due within one year Debt due after one year 367,836 120,4981 131,5001 315,838 388,442 649 19,849 756.278 119,8491 111,651) 724,778 408,940 20. Related partles Easilink Enterprises Lld is a related party. The directors of Easilink Enterprises Limiled are Daniel O Hagan, Angela Hamillon and George Kerr. They are also directors Easilink Community Transport. There were no transactions during the year between Easilink Enlerprises Limited and Easilnk Community Transport. At 31 March 2024 there were no monies owing between Easilink Enterprises Limited and Easilink Community Transport. 24
Easilink Community Transport Company Limited by Guarantee Management Inlormatlon Year ended 31 March 2024 The lollowlng pages do not form part ol the flnanclal stalements. 25
Easilink Community Transport Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donatlons and legacles Donations Assisted Flural Transport Scherne Disability Aclion Transport Scheme Grant Dept lor Infraslruclure.. Rural Transport Fund Grant Derry City & Slrabane District Council- PoliGing & Comrnunity Salely Partnership Motabilily Foundation Funding Derry City & Strabane District Council.. Volunteer Car Scheme National Lollery Community Fund: Rural Links lo Health and Well-being Fermanagh & Omagh District Council Grant 320 74,381 82,842 296,499 67,202 83,679 306,723 6.380 727,506 3,200 103.690 10,000 4,000 90,717 1,298,438 558,701 Charltable a¢llvltle8 Minibus group hire Disability Action Transport Scheme Fare Income Dial-A-Lift Far8 Income Membership lees Managemeni lees and contributions lo overheads Rural Links to Health and Well-being Income Training and seminars Proceeds from sale ol minibuses Summer trip5 119,284 5,128 26.372 6,992 28,279 38,447 450 33,500 103,992 2,419 21.954 7,606 25,665 200 12,980 1.005 258,452 175,821 Investment Income Bank interest receivable 5,542 2,595 Tolal Income 1,562,432 737,117 26
Easilink Community Transport Company Llmlted by Guarantee Detailed Statement of Financial Activities (eontlnuod) Year ended 31 March 2024 2024 2023 Expendlture Costs of ralslng donatlons and legacies Drivers wages Volunteer expenses Policing and Community Safely Partnesrship expènses Taxis Fu81 and vehi¢le expenses Minibus leasing Molabilily Foundation Project Costs 229,263 113,704 192.250 86,518 6.513 2.663 142,311 1 ,769 275 136,885 727,506 1.207.633 432,024 Expendlture on charltable actlvllles Wages and salaries Pension costs Off ice equipment leasing costs Rent Rates & water Light & heal Repair5 & maintenance Insurance Slalion8ry and poslage Computer software coslss Scheduling software licence fee Travel and accomodalion expenses Promotion and advertising Audit lees Legal and other professional fees Rural Links overhead costs Costs ol Iruslees, meetings Telephone Training and conference fees Amortisalion Depreciation Bank lees and interest Leasing and hire-purchase interest Hurnan resources consultancy lees Membership lees Uniforms Recruilm8nt costs Sundries Bad debts written-olf ConsullanGy fees 173,014 15.975 1,243 14,712 130 6,606 1,157 4,641 2.618 3.921 9,424 4.962 4,877 1 ,850 833 16,000 2,435 6,341 3,379 (120,3961 130,655 2,135 4,291 2,160 565 1,517 413 1,444 168,829 10,043 1,396 15,724 202 2.824 2,409 5,827 2,538 4.978 9,050 3,975 1 ,520 1 ,850 604 8,000 2,776 5,112 9,097 134,0501 61,956 2,077 1,313 2,160 940 1,326 2,279 1,800 298,702 5,042 299,812 Total expendlture 1,506,335 731,836 Net income 56,097 5,281 27