Company Number:N1040029 Charity Number:NIC107310 North & West Taxi Proprietors Ltd (A company limited by guarnntee) Accounts for the year ended 31 January 2023
North & West Taxi Proprletors Ltd (A company limited by guarantee) Contents Page Inforniation Directors Report Independent Examiner's Report Siatement of Financial Activiiies Balance Sheet Notes to the accounts 8-11
North & West Tax6 ProprSetors Ltd {A company limited by guarantee) Inforniation Directors Andrew Mccartney Patrick Terence Pag¢ Secretary Andrew Mccanncy Company No: N1040029 Charity No: NIC107310 Registered off5ce Unit 16 Rath Mor Centre Bligh's Lane DeY BT48 OLZ Accountants McGroarty Mccafferty & Company Lid Accouniants & Tax Consultants ? Carlisle Terrace Derry BT48 6JX Bankers (ND Meadowbank Strand Road De BT48 7TN Page I
North & West Taxi Propr¢itor5 Ltd (A company limited by guarantee) Directs>rs Report The directors present their report £fftd the financiol sthtements for ihe year ended 31 January ?0?3. ObJectlves and adlvlll The principal activity of the company during the year under review was the running of an advice and supporl centre in the Rath Mor Cenlre in Derry. Company Number Charity Number N1041X)?9 NtC107310 Directors and thelr Interests The directors of the chariLy for the purposes of charily law and throughout this report are collectively referred to as the director5. The directors serving during the year and since the year end were as follows: Andrew Mccartney Patrick Terrence Page Governing Document The organi5ation is a company with charitable slatus, The company established under Memorandum & Articles of Association which outlined the area of benefit and the objecLS of the charitable organisation. Rlsk Management Th¢ direciors have a risk management stralegy which consists of establishing a system of identifyin8 risks and mitigating such risks. Reserves Pollcy North & West Taxi Proprietors Ltd have a policy thai unreslricied reserves lo be maintained ai ll level io cover three months salary, operational costs and redundancy. R£sults & Perforniunce The results and perforniance for the yenr of North & West Taxi Proprietors Ltd kve summarised in the enclosed accounts. Financial revlew The financial perforniance is summarised in the enclosed account5. Page 2
North & West Taxi Proprietors Ltd (A company limited by gullr8ntee) Directors Report .conlinued Directors ReSpolbilitieS ID Relation To The Flnanclal Statements The direclors of North & West Taxi Proprietors Ltd for the purposes of company law are responsible for preparing the Direclors, AnnuaL Report and the financial slatemcnts. in accordance with applicable law and Uniled Kingdom Accounting Stondards (United Kingdom Generally Accepied Accounting Practice). Company law requires the directors to prepare financial slatements for each financial year. that give a irue and fair view of the state of the affairs of the charitable company and of the incoming resources and application of ret•ourceb, including the income and expenditure, of th¢ charitable company for that period. In prcparing these financial statemenls, the directors are required to: select suitable accouniing policies and apply them consistenily: - observe the tnethods and principles in the Charities SORP 2019 (FRS102)', - make judgements and estimates that are reasonable and prudent, sthte whethei applicable UK Arcounung Standards have been followed. subject to any malerial departures disclosed and explained in the fmancial statemenls; prepare the financial slatemenls on the going concern b&sis unless it is inappropriate to presume that the charity will continue in business. The directors are responsible for maintoining proper accounting record5 which disclose with reasonable accuracy at any time the financial position of the charity and enables them io ensure that the financial staiement5 comply with the Companies Aci 2006. The direciors are also responsible for sofe8uarding the a5s¢ts of the charity and hence foi thking reasonable steps for the prevenuon and deiection of fraud and other irregularities. In so far as the direciors are aware: -there is no leVant information of which the charitabl¢ company's independent exaaminer is unaware, and -the direclors have (aken all the Sieps that they ought to have token to make themselves aware of any relevant Inforntion and to esthblish that the independent examiner is aware of that infonna(ion. This report is prepared in accordance with the special provision5 of part 15 of ihe Companies Act 9006 relating to small companies. This report was approved and authorised for issue by the Board on 25 August 2023 and signed on it5 behalf by Director rector Page 3
North & West Taxl Proprfetors Ltd (A company Ilmlted by guarantee) Independent examlner's report on the unaudlted flnancial statements to the dlreclors or North & West Taxl Proprletors Ltd We report on the Kcounts of thc company for the year endcd 31 January ?0?3, which twe sei out on page5 Respective responsibilltles of thority directors And examlner: As the charity directors you are rc.sponsible for Ihe preparntion of the accounis in accordance wilh the requirements of the Companies Acl 9006. Having saiisfied ourselves that the charity is not subject to audit under company law, and is elisible for independent examinulion, it is our responsibility to. - examine the accounts under section 65 of the Chariues Aci 2008: follow th¢ procedures laid down in the generdl directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act 2008. - slate whether particular mailers have come lo our attention. Basls of Independent examlner's report We have cxamined your charity accounts. as required undcr section 65 of the Charities Act and our examinaiion was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Chorities Act. The examination included a VIeW of the accounting records kepi by th¢ charity and a comparison of ihe accounts presented with those records. It also included a coftsideralion of any unusual iiems or disclosures in the accounts, and seeking explanations from you as churily direclors concernin8 any such matters. Our role is lo sta whether any mulerial mairs have come to our allention giving us Cause to believe: that accounting records were not kept In accordance with section 386 of the Companies Act ?006; thui the accounts do not accord with those accounling records: that the accounts do not comply wilh the accounting requirements of ihe Section 396 of the Companies Act 21J]6 and the methods and principles of the Charities SleMent of Recommended Prn¢iice applicable io charities preparin8 their occounts in accordance with the Fmancial Reporting stllndd applicablc in the UK and Republic of Ireland; - that there is further infonnation needed for proper understanding. Independent examlner's Statement We have completed our examination and have no concerns in respect of the rnatters listed above and, in connection with the following directions of the Chari¢y Commi55ion for Northern Ireland. we have found no mal*rs that require drawing to your allention. McGroarty? Mccaffert & Company Accountants & Tax Consultants 2 Carlisle Terrnce Derry BT48 6JX td Dale: 25 Augiist 2023 Page 4
North & West Taxi Proprietots Ltd (A company limited by guarantee) Sthlement of Flnanclal Activlties ror the year ended 31 January 2023 Unrestrlcted Funds Restrfcled Funds 2023 2022 Income and Expenditure IncomAng Resources Grant5 & Sundry Income Total Incomlng Resources 37,911 ?3.041 60,952 77,806 37,911 ?3,041 60,952 77,806 Resourees Expended Management & Adminislration 35,735 28,510 64,245 99,502 Total Ruources Expended 35.735 28,510 64,245 99,502 Net Incomlng l (Outgolng) Resources 2,176 (5,469) (3,293) (21,696) Balances brought forward l February 2022 1,769 5.469 7.238 28,934 Balances carried forward 31 January 2023 3,945 3,945 7,238 The above amounts relate lo continuing operntions of the company. The company ha5 no recognised gain5 and losses other than those included in the results above and therefore no separnie statemeni of iothl recognised gains and losses has been presenled. There is no difference belween the net incoming resources for the year staled above and their hisiorical cost equivalents. Page 5
North & West Taxi ProprietorJ Ltd {A company limited by guarantee) Balance sheet as at 31 January 2023 2023 2022 Nol Current assets Cash at bank and in hand 37,513 8,138 Current Ilabfilliles Bank loans and overdrafts. Other creditors Accruals 32.?88 900 33,568 900 Net current assets 3,945 7.238 Total assets current Ilabllltles 3,945 7.?38 Reserves Brought forward at l February ?0?2 Unrestricted Restricted 3.945 1,769 5,469 3,945 7,238 Page 6
North & West Taxl Proprletors Ltd (A company limlted by guarantee) (continued) In approving these financial statements as directors of the company we hereby confirm: For the year ended 31 January 20?3, the company was entitled to exemption under section 477 of (he Companies Act ?006 relating 10 small companies. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2(K)6. The direciors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and ihe preparation of accoun15. The.se accounts have been prepared in accordance with the provisions applicable lo companies Subject to the smoll componies regime in occordonce with FRS102 SORP. The financial statements were approved and outhorised for issue by the Boord on 25 August 2023 and signed on its behalf by: Director Dlrector Company Number: N1040029 Page 7
North & Wt Taxi Proprietors Ltd (A company16mlted by guarantee) Notes to the accounts ror the year ended 31 January 2023 Accounting policies The principal accounting policies adopted in the preparntion of the financial sia*ments are set out below and have remained unchanged from the previous year, and also have been consislenily opplied within the same accounts. 1.1. Accounting convention The financial 51alements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable 10 chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland Charilies SORP 2019 (FRS 102), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102), Companies Act 2006 and Charities Acl (Northern Ireland) 2(K)8. Income (i) Grnnts Grants represents all amounts received and receivable during the year. Capital grants are released io the profjt and loss accounl in the year in which they are recelved in line with the SORP 2019 {FRS102). Revenue grants are credited to the Statement of Financial Activities in the year they are received. (li) Donalions & adminislralion income. This comprises amounts received during the year. Expenditure (i) Direct Chariillble Expenditure This represents all expenditure directly llttributhble to charitsble causes. (li) Management & Administrntion This includes all other ¢xp¢ndirure noi directly allocated above and a portion of the overhead costs attributable lo management and adminisirntion. Page 8
North & West Taxl ProprletDrs Ltd (A company limited by guarantee) Notes to the accounts ror the year ended 31 J2nu&ry 2023 Income 2023 2022 Restricted Income National Lollery Community Fund 23,041 59,866 23.041 59.866 Unrestrlceed Income Donations, training fees and management earnin85 37,91 17.940 37.911 17,940 Total Income 60,95? 77,806 RtrICted Funds Funds rcccived which are earniarked by the funder for spccific purpose5. Such purposeib are within the overall aims of the organisation. (11) Unrestricted Funds Funds which are expendable at th¢ discretion of the company in furtherance of the aims of the ehariry. In addition funds may be held in order lo finance capital invesEment ond working cupital. Unrestricted reserves are ot a level to cover three months salary, operation&1 costs and redundancy. Page 9
North & Taxi Proprietors Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 January 2023 R&sourc&s Expended Unrestricted Funds R&strlcted Funds TotAI 2023 TotAI 2022 Manogement & Adminlstratii>n Wages & salaries TraInIncPc Cleaning Rent Insurnnce Light & heat Advertising CompulerlsoftWa costs Printing & slotionery Motor & travel DVA Repairs & maintenonce Telephone Sundry expenses Legal & professional Accouniancy Bank charges Card charges 19,280 6,130 17,1?9 1,464 36 3,312 300 1.589 36,409 7,594 36 5,812 300 1,957 73,056 5,694 ?,500 4,885 1,381 1,648 354 2,718 567 368 580 1,608 215 3,043 100 154 369 3,043 1,600 1,861 2,072 2,300 900 466 1,266 674 96 708 174 1,266 3,366 96 708 412 589 2,692 238 589 35,735 28,510 64,?45 99,502 Staff note The average number of persons employed by the company during the year amounled io 1 (2022 - 3). The aggregate payroll cost5 incurred during the year were: 2.023 2022 Wages and salaries 36,409 73,056 36,409 73,056 Taxation There is no charge to taxation as the company has charitable status. Page 10
NTrrth & West Taxl Proprietors Ltd (A company limited by guaranteel Notes to the accounts for the year ended 31 January 2023 Current Ilabllltles 2023 2022 Bank loans and overdrafts Taxes and Social security Costs Deferred income Accruals 429 31,859 1.273 91 33.568 Movements in Funds At l February 2022 At Outgoing 31 January resources 2023 Incoming resources Reslrict¢d funds: 5.469 23,041 (28,510) Unre5tricied funds: General funds 1,769 37,91 L (35,735) 3,945 Total unrestricted funds 1,769 37,911 (35,735) 3,945 7.238 60,952 (64.245) 3.945 Purposes of Rlstrlcted Funds Restricted grants awarded to the charity is provided io cover the core objects as explained in directors report. 10. Related Party Transactlons There were no related party transactions in ihe year under review. 11. LimAted by Guarnntee The company 15 limited by guarnnlee and does nol have a share capitsl. 12. Controlling Intert Controlling interesl rests with the Board of Dircclors. Page 11