REGISTERED CHAIUTY NUMBER: S1146212 REPORT OF THE TRUSTEES AND FINANCtAL STATEMENrs FOR THE YEAR E￿,DED 31 MARCH 2025 FOR SOUTH AYRSHIRE commu￿ TRANSPORT SOUTH AYRSHIRE COMI I￿ILl1Y1Ty TRA.NSPORT coNrENTS OF THE FINANCIAL STATEMETrryS FOR TIIE YEAR ENDED 31 IIL4RCII 2025 P4ge Report of tbe Trustees Report of the Independent Auditors Statement of Fin*nciHI Activities BAiAntt Sheet Casb Flow Statement io Notes to th¢ Cash Flow Ststement "otes to the Finaneial Statements 12 to 23 Detailed Ststement of Financial Artivities 24 SOLITH AYRSHIRE COMMUNITY TRANSPORT REPORT OF THE TRUSTEES FOR TEIE YEARENDED 31 MARCH 2025 The ffiistees pres¢nt their rcw)rt with the financial siatements of the charity for the year ended 31 March 2025. The t￿SteeS hav¢ ailopted the provisions of Accounting and Reponing b), Chari1i¢s'. Slat¢m¢ni of Recomrnended Practice applicable to ¢hariti¢S PTepating th¢ir accouvjts in accordance with th¢ Financial Reporting Siandard appliGabl¢ in the UK and Republic of Ireland (FRS 102} (effective l January 2019). oBJE￿IVEs ￿ND A￿[vy[lEs Objeetives gnd aims The objectlVe.5 of the charity aTe as follows". to provide ￿lief to wple resident in the South Ayrshire area who are in need because of age, mental or physical disability, ilhless or ￿)verty, and in particular to provide and &ssist in the provision of not-for-pll)fit com]nunity transwrt services serving the needs of such people. to advance education and in particular to provide training and infonrsation for community transport within the South Ayrshi￿ are to advance citizenship and community development and in particular to develop a volunteer scheme which supports all community transport proN'ision wlthin Ihe a to advance and promote other similar chaTitable pu￿08eS. Page I SOUTH AYRSHIRE CO,MMUNITY TRANSPORT REPORT OF THE TRUSTEES FOR TIIE YEAR ENDED 31 I¥IARCH 202S AC.HIENTMEf￿s AND PERFORMANCE Charitable 4rtivities South Ayrshire Community Transport (SACT) aims to Connect People and Places to enhance Social Inclusion through the provision of Community Transport and Activ¢ Trav¢l provision. - There where: 34,615 passenger joumeys cOMpa￿d to 29,120 in 2023124 - SACT minibus covered 179,612 miles compgred to 144.871 miles in 202J124 New Provision. SACT W0￿ed with Six Community Groups in the Siinchar Valley area to establish Stinchar Comie¢tion services to meet some of the local transport requirements in the area. Provision is provided on Six da)s a week. which ei)ables young people to acce55 AftersLhool Activicies as well a5 ￿abl]ng residenLS lo access services such as Pharniacists servI￿s. End of Provision: Due to the extensive increase in the overall costs of the Fleet Insurance, the decision w&8 takeo to stop the Carclub provision in February. The cars were sold at the end of Motth. Continuation of Service Provision on behalf of Strdthclydc Parniership for Trdnsport (SPD. CB8 Service between Girvan and M,liich ll￿$ 4 days a week and th¢ delivery of the MyBus Rura] 700 service which operales 6 days a week. The ongoing delivery and development of the Travel to Trnin provision for South Ayrshire Education Servirxs that enabled 54 pupils with Additional Support Needs to a¢c¢ss School Provision, The ￿ntInued delivery of the Oui and About provision, which providers a door-to-d(K)r service to supwrt for mainly older people with mobility issues to a¢￿SS various aaivities. Due to the increase ivt the overdll service delivery, Ihis provision was moved from Friday's (Whe￿ 15 has operated since 2013) to Satluday provision. Despite this Change demand keeps growing for the provision (there was 849 pass¢ng¢r journey's) and on many cases more than one bus is required for this service. Partnership Working wlth lo¢￿ communities as well &$ local, Trgional, and national age￿Ie9 is a corc principle of SACT. SACT are members of the Aging Well oV￿sIght Group. South Ayrshire Access Panel and the Illest of Scotland Community Transport Fonun. SACT worked with COMOUK and the Carrick Centre ￿gardIng the establislunent of a Conimwiity Mobility Hub ai the Centre in Maybole. as tsk¢n on the role of Chairpcrson, is the Vi¢¢-chai￿¢rS0n and . is the 'I'rLasui'tr. SA(Y would not be able funct30n without the members ofthe Board giving up th¢ir time to support th¢ development of SACT as w¢ll a5 the hard work of all the staff team. SACT played an artive role in a numbeT of groups including, South Ayrshire Social F.nterprise Network, Third Sector Providets Fonlln. Social Isolation Jmplementstion Group, South Ayrshire Social Ente￿rISe N¢twork, Aging Well Board and the Community Trnnsport Member Asso¢iation. SACT are gratefill for the support provided by South Ayrshire Council's Community Wealth Building Team and Educational Services Team. SACT WAII Lontinue to work ivith partners to continue to develop both Community Trdnsport and Active Travel provision as well as working with LO￿ Communities lo develop transport solution5 to meet their requirements. FINANCLIL REVIEW Principal funding sources SACT are very grateful to fimders that have supported lh¢ delil'ery of ow Sc￿l¢e8 through0￿ the year. This includes Strathclyde Passenger Transport (CB8 BatT-Girvon se￿ICe, My Bus 700 Service and Core Funding), TranslKIrt Scotland (Bus Operators Grant), Carrick Futures and the Barr Community Fund (Batr-Gin'an Service) and North Carrick Communiry Benefit Company (North C&Ti¢k E Bike Project and Carrick Lunch Club Provision}. Page 2 SOLnfH AYRSIURE COMMufiiTY TRANSPORT REPORT OFTHE TRUSTEES FOR TttE YEAR EI NDED 31 MARCH 2025 FIryANCIAL REVtEW Investment policy And objectives The TTusfres havethe wwer to inv¢st in such &ss¢ts &s thw see fit. ReseTh'es policy As at 31 March 2025. unrestricted funds ￿nOUnted to £202,668 of which £137,287 is regarded ￿ free reseryes aller allowing for funds tied up in tangible assets.The ¢harity aims lo maintsin reserves sufficient to cover four months running costs. FUTL1RE PLANS SACT will continue to work with ke} partners and cornmunity groups to Comb￿ social isolation and continue the development of cornmunity transport service5 in South Ayr5hirc and further afLeld. STRucfuRE, COVERNANCE LYD ￿l￿AGEMENT Governing document Sothh Ayrshire Communlty Transport is a Scottish ch￿itable Incorporat￿ Organisation. It is gpovemed by its constittltion which wls adopted on 16 December 20I5 and COLnmenced trading on 27 April 2016. Recruitment and appointment ofntw trustees The slructurc of the charity Co￿$1StS of ihe members and the board of trusÉee5. Membership of the charity is open to individuals over the age of 16 )'eaTS, group mcmb¢r5 who subscribe to the objectiveg of the organisation and have complied with the procedure of application and associafr members who have an interest in Èhe OTganisation. Although associate members aTe enliiled to attend and speak at meetings they are unable to vot¢. The charity is managed by the board of trustees which consists of up to six trustees from the membership. specifically the group m¢mbers who are community transwrt organis&tions' up to two additional trustees Chos￿ from the individual nd associate membership and up to four co-opted trustees. Ail trustees must retire from office at each AGM and may stand for ￿-¢lectIOn. Organi8atlon*l structllre The trustee% iiieel I"¥gyiilarly to administer the charity. The day to day operations of the charity are managed bv the project manager, Induction trjining of new trustees New trustees undergo an oppropriate induction progrnmme to bricf th¢rn on their obligations under charity law at]d the financial perfomiance of the company. Risk mAnagement The truste¢s hav¢ a duty to identify and revi¢w the risks to which the charity is exposed and to ensure appropria conlrols are ID place to provid¢ reasonable assurance against fvud and error. REFERENCE AND ADlI￿NISTRATIvE DETAILS Registered Charity number S046212 Prinei 21 gdtli'eq Page 3 SOUTH A YR5HIRK COMMUNITY TRANSPORT REPORT OF THE TRITSTEES FOR THE YEAR EYDED 31 MARCH 2025 Auditors Galbraith Pritchards Chartered Accountants & Statutory Auditor 20 Barns Str¢et Ayr Ayrshire KA7 IXA STATFMENT OF TRUSTEE5' RESPONSIBILrr]ES The lrnslees are responsible for pr¢pating ihe Report of the TTUStees and the financial sta*ments in accordance with appli¢able law and United Kingdom Accounting Standards Iuniled Kingdom Generally A¢ccpl¢d A¢￿Un11n8 Practic¢). Charity law requires th¢ truskes to prepmre financial statements for each fmancial year. Under that law, the trustees have elected to prepaTe the fina￿la1 statements in ac¢ordance with United Kingdom Generally Accepted Accounting Practice (Unitsl Kingdorn Accounting Standards and applicable law). Under charit), law the trustees musl not approve the financial statements unless they are satisfied that they give a ttwe and fair view of the slate of affaits of the charity and of the incoming resources wid application of r￿UrCeS, including the ineome and expenditure, of the ¢barity for that period. In preparing those financial statement5, thc trustees are rquired select suitsble accounting p)licies and then apply then] consistently. observe the methods and principle5 in the Ch2rities SORP; make judgements and estllnatcs that are reasonable and prudent; Stale whether applicable accounting slandards havc been followed. subject to any ma*rial departures disclosed and cxplained in the financial statements; prepare the financial siatsmenls on th¢ going concern b￿lS un]¢ss it is inappropriate to presume that the chatily will continue in business. The trustees atE responsible for keeping proper aceounting records which disclose with reasonable accuracy at at)y time the financia] position of the charity and to enable them to ensu￿ that the financial statements comply with the Charities and Trnstee Inv¢5tm¢T)t (Scotland) A￿ 2W5 and Thc Charities Accounls (Scotland) Regulations 2006 (as amended). They are also r¢s￿)nsible for safeguarding the assets of the charity and h¢nce for taking tea50nablc st¢ps for the prevention and detection of fraud and other irregularities. ApptY)ved by order of the board of trLLStees on .... .. aoag . and signed on its behalf by: Page 4 REPORT OF THE INDEPEIYDENT AUDrroRS TO THE TRUS"fEES OF SOUTH AYRSHIRE COMiktUNITY I'RANSPORT Opinion We have Audited the financial statements of South A)Tshire Community Transp)rt (the 'charity') for the year ended 31 March 2025 which comprise the Staiement of Financial Activities, the Balance Sheet. the c.ash Flow Statement and notes to the financial stst¢m¢nl.% including a summary of significant accounting policies. The financial rq)orting frdm¢woTk thal has been applied in their preparntion is applicable law and United Kingdom Accounting Standards (Uni*d Kingdom Generally Accept￿ Accounting PraG11￿). In our opinion the financial staterncnts.. gTve a true and fair view of the stsle of th¢ charity's affairs as at 31 March 2025 and of its incoming resour￿8 and application of resources, for the year then ended; have been properly prepared An accordance with United Kingdom Generall). Accepted Accounting Prnctice. and have been prepared in acwTdaT)¢e with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Chatities Ac£ounts (Scotland) Regulations 2006. Basis for opinion We conducted our audil in uccordance with International Standards on Audiling (UK) (ISA5 (UK)} and applicable law. Our responsibilities under those Standards are further described in the Auditors. responsibilities for the audit of the financial slalements section of our repurt We are independent of the charity in a¢¢ordan¢¢ with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the fRCs Ethical Standard, and we have Irilled our other ethical responsibilities in &cordance with these requirement8. We believe that the audit evidence we hav¢ obtsined is sufficient and appropriate 10 proi'ide a basis for our opinion. Conelusiotts relating to going eoncern In audttillg the financial statements, we have concluded that the trusttts, us¢ of the 80ing concern b&sis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identifi￿1 any material uncertainties relating to events or conditions thaL individually or collectively. ma}, cast signtficant doubt on the charity's ability lo continue as a going concern ft)r a p¢ri(d of at Ica5t twelve months from whcn the f￿ancial sÉatem#nts are authoris¢d for issue. Our Trsponsibilities and the rtsponsibilities of the trustee5 with respect to going concern are described in th¢ relevant sections of this rep)rt. Other information The ttust¢¢s are responsible for the other infomiation. lThe other infomiation comprises the inforniation inclllded in the Annual Rewirt other than the financial stateinents and our Report of the Independent Auditors thereon. Our opinion on the financial statemenis does nol cover the other infomialion and, except lo the extent otherwise explicitly stated in ourTrpo¢ w¢ do not express any rom of assurance conclusion thcreon. tn connection with our audit of the financial statements. our responsibility is to read th¢ other inforniation and, in doing so. consider wheth¢r Ihe Oth￿ information is materially inconsistent with the ftnancial statements or our knowledge obtaiD¢d in ihe audit or othcrwise app¢ws to be materially mTSStated. If The id¢ntify" 8uch material inconsistencies or apparent material misstatements, we r¢quired to d¢t¢uJ)in¢ whether this gives rise io a mat¢rial misstatement in the financiaI statements thcmselN'es. If, b&8cd on the work we have perforn)¢d, we conclud¢ thal there is a materia] misstalement of this other infornlation. we are requtred to report that fact. We have nothing to report in this regard. Mydtters on which we are wuired to report by exception 'e have nothing to report in respect of the following ntstters where the Charities Accounts (Seotland) Regulations 2006 ll1￿$ us to reNTrrt to you if, in our opÉnioll: the Ènfornjalion given in the Report of the Trustees is inconsistent in any material respect Hryth the financial stat¢ments' or prop¢r accounting records have not been kept. or the financial statements are not in agreem¢nt with th¢ accounting records and returns. or we have noi received ail the infomiation and explanations we require for our audit. Pag¢ 5 REPORT OF THE INDEPENDEwf AIIDITORS I'O"I'HL"fRUSTLLS OF SOUTH AYRSHIRE COMMUNITY TRANSPORT Responsibilities of trustees As cxplained more ￿1]Y in the Statement of Trustees, ResExinsli >ilities, the trustees are responsible for the preparation of the financial statements which give a triie and fair view, and for such internal control as the tsvstees determine is necessary to enable the preparation of financial statementq that are free from mat¢Mal misstatement, whether due to fraud or eTror. In preparin8 th¢ financiat stst¢m¢Dts, the trustces are reswnsible for ass¢ssing the ¢harity's ability to wnlinu¢ as a going Conce￿ disclosin& as applicable, matters related to going conGern and using the going concem basis of accounting unless the trustees either inta]d to liquidate the charity or to ¢ease operations. OF have no T￿lIst1¢ aitemalive but lo do Our rosponsibllities for the audit of the financial slatements We have been app)inted as auditors under Section 44(IK¢) of the Charities and T￿stee Investment (Scotland) Act 2005 and report in accordance with the Act and r¢l¢vant regulaiions made or having effect thereunder. Our objectives are to ob￿in reasonable &5surance about whether the fJnanLial slalemenls &$ a wholc are free from rnalerial misstatemenl wheth¢r due to fraud or emr, and to issu¢ a Report of the Independent Auditors that in¢lude5 Qur opinion. Reasonable assurance is a high level of assurance, but is not a guarwllee that an audit conducted in accordance with ISAS (UK) will always detect a material misstst¢ment ￿'hen it exists. Misstaternents ¢an gris¢ fn)m fraud or error and are considered material if. individually or in the aggregale, they could reasonably be expected lo influence the economic decisions of us¢rs taken on the basis of these financial statements. The extent to whi¢h our procedures are capable of dctccting irregularities, including fraud is detailed b¢low.' We gained an understanding of the legal and regulatory framework applicable to the c(Jmpanv and the industy in which it operates and consid¢red the risk of by the ¢ornpany that were contrary to applithle laws and regul*ions, including frdud. We designed audit pmcedures to respond tr the risk, re¢ognising that the risk of not dete¢tin8 a materidl misstatement due to fraud is higher than the risk of not detecting one resulting from error, 18 fraud may involve delibcrat¢ Concealment by, for exatnple, forgery or intentional misrepresentalions, or through collusion. We focussed on laws and regulation5 which could give rise to a mafrrial misstatement in tbe f￿all¢la1 statements, includin& bul not limited to, the Companies Act 2006 and UK t&x legislation. Our tests Included agreeing the financial statement disclosures ￿ underlying supw)rting documentstion eDquiries with management. There are inberent limilalions in the audit proCedU￿S described alK>ve an(L the fintber removed non-compliance wtth law's and ￿gulatiOns is from th¢ ¢vents and transactions refitL%ed in tbe financial staternenis, the le55 likely we would become aware of it. We did not identify any key audit matters relating to irregularilies, Including fraud. As in all our audits, we also addressed the risk of managcmenl override of internal ¢ontrols. including testing journals and evaluating whether ihere w&$ evidence of bias by the dircctors that represented a risk of mal¢rial mi&%tat¢ment due lo hud. A further description of our reswnsibiliti¢s for the audit of the fmancial statements is lo¢&ted on the Financial Reporting Council's M'ebsite at wMw.frc.OTg.uWauditorsrespDnsibilities. This description fornis part of our Rep)rt of the Independent Auditors. Page 6 REPORT OF THE ILYDEPEINDENT AUDITORS TO THE TRUSTEES OF SOLITH AYRSHIRE COMMUIYITY TK4NSPORT Use of our report This repon is rnade solely to the charity's trustees, as a body, in accordance with Regulation l O of the Charities Accounts (Scotland) Regulations 2006. Our audii work hag been undertaken so that we might stale to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purw&se. To the fullest extent perniitted by law, we dv not accept or ￿sume responsibility to anyone odier than the charity and the chatity's tNstees as a body, for niir aiidit woyk. frTrr rewrt. OT for the opininns ive have fnrnied. (ialbraith Pritchards Chartered Accountants & sta￿tOry Auditor 20 Bams Street Ayr Ayshire KA7 IXA Page 7 SOLITH AYRSHIRE COMMU]YITY TRANSPORT ATEMENT OF FINANCIAL A￿1VITIEs FOR TIIE YEAR EP4DED 31 MARCH 2025 3 Ir4125 Total fimds 3113124 Total funds Unrestrtcted fvnds Restricted funds Notes tNCOME AND ENDOWME￿￿. S FROM Donations and legaGi 88 88 510 Charitable activiti Revenue grants Community Transwrt Scheme Income Capital grnnts 64,249 275,56S 80.440 114,442 144,689 390.010 156,560 274.466 58,229 Total 339,905 194.882 534,787 489.765 EXPENDITURE ON Lharitable 8Ctivilies Community Transwrt Scheme 374,188 229,175 603,363 524,703 NET II%COMEI(EXPENDITURE) Transfers betwttn funds (34,283) 9,833 (34,293) (9,833 } (68,576) (34,938) 15 Yet movernent in fund8 (24,450) (44,126) (68,576} (34,938) RECONCILIATION OF FUNDS Total funds brouO]t forward 227.117 212,459 439.576 474,514 TOTAL FUNDS CARRIED FORW.4RD 202,667 168,333 371,000 439,576 The notes form part of these financial statements Page 8 SOUTH AYRSHIRE Col￿NITy TRANSPORT BALANCE SHEET 31 MARCH 2025 3113125 Total funds 3113124 Total funds Unrestricted funds Restricted funds Notes FIXFD ASSETS Tangible assets 65.381 155,867 221248 241,138 CURRENT ASSETS Debtors Cash at bank and in hand 12 71201 121,583 12.465 83,666 121,583 57.139 178.436 192,784 12,465 205.249 235.575 CREDrtOlLS Amounls falling due within one year 13 (55,497) {55,497) (37,137) NET CURRF,Th'T ASSETS 137,287 12.465 149,752 198,438 TOTAL A&SETS LESS CURRENT LIAHlI,friES 202,668 168,332 371,000 439,576 NET ASSETS 202,668 168,332 371,000 439,576 15 Unrestricted funds Restricted SJnds 202,668 168,332 227.117 212,459 TOTAL FUNDS 371,000 439,576 The financial staternents were approved by the Board of Trustees and authorised for issue . and were signed on its behalf by: on The notes fom part of these financial statements Page 9 SOUTH AYRSHIRE CONIMUNITY TRANSPORT CASH FLOW ST.4TEMEiYT FOR THE YEAR ENDED 31 .MARCH 2025 3113125 3113124 Notes Cash flows from operating gctivities Cash gth¢rdtcd from operalions {26,406) 83,739 N¢t ¢&8h (us¢d in)/pTovid¢d by operating athivitic5 (26,406) 83,739 Cash flows from investing aetivities lknrchase of tangible fixed assets Sale of tangible fixed assets {41.490} 11,043 (71,029) Net cash used in investing activities (30,447) {71,029) C4sh flow8 from finvdneing activities Lnan repayments in year (2,500) Net c&sh provided byl(used in) financing activities (2.5iXI) Change in cash and Cash equivalents in the reporting period Cash and ¢gsh equivaleDt5 4t the i￿l￿ning of the reporting period (56,853) 10,210 178.436 168,226 Cash aDd cash equkvalents at the end of tbe rewjrtlng perÉod 121,583 178,436 The notes forni part of tbese financial statements Page 10 SOUTH AYRSHIRE CO.MMUNITY TRANSPORT IYOTES TO THE CASH FLOW STATEMENT FOR TIIE YEAR ENDED 31 MARCII 2025 RF,C.ONC.ILIATION OF NET EXPENDITURF TO NET CASH FLOW FROM OPERATING 3113125 3113124 Net ¢xpenqJitur¢ for th¢ reporting period (as per th¢ Ststemenl of FinaJeiAI Activities) Adjustments for: Depreciation charges LA)ss on disposal of fixed assets [In￿e&Sevde¢rea5e in debtors Increase in Creditors (68,576) (34,938) 46,899 3,438 (26.-S?7) 18.360 85,647 1,000 9.256 22.774 Net Cash (used inyprovided by operydtions {26,406} 83.739 ANALYSTS OF CHANGES IN NET FliNDS At114124 Cash flow At 3 I13125 Net cash Cash at bank and in hand 178,436 (56,853) 121,583 178,436 (56,853) 121.583 Total 178,436 {56,851) 121,583 The notes fomi port of these financial statements Page 11 SOUTH AYRSHIRE COMMUtyrtY TRA.YSPORT YOTES TO THE FINANCIAL STATEMEN13 FOR THE YEAR EfiDED 31 TrL4RCII 2025 AccouiYfiiiG POLICIES BASIS OF PREPARTNG THE FtNANCtAL ￿ATEmE￿￿s The financial siatemfflls of th¢ charity. M'hich is a publir benefii entity under FRS 102. have beeii PTepaTed in accordan¢t with th¢ Charitics SORP (FRS 102) 'Accounting and Rewrting by Charities.. Statement of Rewmmended Practice applicabl¢ to ¢hartti¢s pr¢paring th¢ir accounts in ac¢ordan¢¢ with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effe£tive l January 2015}', Financial Reporting SLindard 102 'The Financtal RerK)rting Standard applicable in the UK and Republic of Ireland and the Charities and Trnstee Investment (Scotland) Act 2005. The financial ststements have been prepared under the historical cost ConV￿tion. Ihc tFU5*es consider that there ale no material uncenainties thut the charity's abilities to continue as a going oncern. CIUTtCAL ACCOUNTING JL'DCEMETrITS.4ND KEY SOURCES OF ESTIMATION UNCERTAtNTY In the application of the charlty's a¢¢ounting ]x)licies. the ttustees are required to make judgements, estimates and assumpiions about the ¢anying amouni of assets and liabilities that are not readily app￿ent from other sources. The esiima*s and associated assumptions are based on historical experience and other f&tors that are Lonsidered to b¢ rel¢vant. Actual results may differ from these estimates. The estirnates and underlying assumptions are reviewed on an ongoing basis. Revisions to accA)unting estimates are recognised in the period in which th¢ estimate is revised if the revision affects only that period, or IJJ the period of the revision and future periods if the revision affe¢ts both current and future peri(Kls. INCOME All income is recognised in the Ststement of Financial Activities once the charit). has entitlement to the fimds. it is probable that the income wÉll be received and the amount can be measured reliably. EXPENDrfLRE Liabilities are r¢co8nised as expenditure as soon &8 there is a legal or constrnrtive obligation committing the charity lo that expenditure, it is probable that a transfer of e¢onomi¢ benefits will be required in settlement and the amount of the obligation can be rneasured reliably. Expenditure is acLDunied for on an accruals b&8is and has been cl&ssified under headings thal awegate atl cost related to the category. Where costs c2nftot be directly attributed 10 partlcular headin¥s they hav¢ been allOc￿ed to activities on a b&sis consist¢nt with the use of resources. TANGTBLE FIXED ASSETS tkpreciation is provided at the following annual rates in order to write off ea¢h asset over its estimated useful life. Plant and machinery Motor vehioles At variable rates 25 10 on reducing balance A review of impairment is carried out at each wrtins date. Where the wrying value exceeds th¢ r￿0v¢rabLe 4mouoL the &%set is impaired a￿rdIngly. Prior impairnicnts are also reviewed for possibl¢ r￿ersal at ¢ach rewrting date. TAXATION The charity is exempt from tax on ils charitable adivities. Il is vat registered. FULYD ACCOUNTI.ryG Unrestricted fLthds ¢8n be used in accordance with thc Cbarithble objectives at the dis¢r¢tion of the tnts'tees. Restricte41 funds can only be used for parti¢ular restrithd purposes within the objects of the ch8rity. Restrictions arise when specified by the donor or when fimds ore raised for particular restricted purposes. Page 12 continued... SOUTH AYRSHIRE C0￿MuNITy TRANSPORT YOTES TO THE FINLYCIAL STATEMEN15- eontinued FOR TIIE YEAR ENDED 31 IMARCII 2025 ACCOUNTING POI.ICIES - continued FUND AccouiYrtNC. FLuther explanation of the nature and piirpose of fund is included in the notes to the financial statements. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charity operntes a d¢fined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activtties in the period ￿ wbich they relate. DOI%ATED GOODS Donaled g(K)ds are recognised as income when the cliarity has control over the item. ony condilions a&so¢iated wilh the donated item have been m¢¢, the r¢Geipi of economic benefit from the use bv the charity of the item is probable ￿)d the economic benetil can be measured reliably. FIIYANCIAL tNSTRU.ME.NTS The organisation only has fmancial ass¢ts and liabilities of a kind that qualify as basic fmancial instruments. B&sic financial instrnments gre initi&lly recognised at transaction value arAd subgequenily m¢&5UTed al their settiemeni value. PROVISIONS Provisions are recognised wh¢n th¢ charity has an obligation at the balance sheel date as a result of a past evenL it is probable that all outhow of economic benefits will be required in settlernent and the amount can be reliably estimated. DONATIONS AND LEGACIES 3113125 3113124 D(m*ions 88 510 IIYCOIVJE FROM CIL4RII'ABLE AcfiviTIES 3113125 3113124 Actii'ity Grants Revenue grdnts Grants Communit) Transport Scherne Income Community Transport income Community Transport Scheme In¢orne Other income Community. Transport Schem¢ Income Grants Capitsl grnnts 144.689 12.465 375,770 1,775 156.560 274.466 58,229 534,699 489.255 Grants received, Includ￿ in th¢ aiK)ve. are as follows." 3113125 3113124 Strathclyde Passenger Transport Scottish Government- Blls Service Operator Grants Souih A)r9hire Council Falck Renewables Assel Valley Communtty Fund (Barr Commutiity Fund & Carrlck Futur￿) P8ths for All Ayrshire Roads Allianc¢ 109,480 21.686 2.250 106.625 8,681 18.750 8,551 13.953 4.627 4,111 Carried forward 142.154 156,560 Pag¢ 13 continued.,. SOUTH AYRSlItRE cofilMtI￿lTy TRANSPORT NOTES TO TIIE f￿￿NCIAL StATEMELYTS . continued FOR THE YEAR ENDED 31 MARCII 2025 TNC.OME FROM CHAR￿ABLE ACTIVITIES- continued 3113125 3113124 Bmughi forward Energy Savings Trust Foundation Scotland 142.154 156.560 58,229 15,000 157,154 214,789 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 5) Supwrt sts (see note 6) Totals Conimunity Transport Scheme 590.376 l2,987 603,363 DIRECT COSTS OF CHAIUTABLE ACTIVITIES 3113125 3113124 369,457 142,323 1,020 1,940 639 724 1,936 4.815 9.460 5.852 296.001 99,165 Vehtcle expenses Insurdnce Telephone Postage and ststionery Advertising Sundries Staff training and recruitment Rent and rates Repairs and renewals Management and administration fees Bad debts Grnnt repayment Deptrciation Loss on saje of assets 497 134 1,510 2,372 10250 14,569 4,550 1268 1.372 500 46.900 3,438 85.647 1,000 590J76 516,963 Page 14 continued... sO￿H AYILSHIRE COMMUNI tTY TRANSPOR'r NOTES TO THE FINANCIAL STATEMEryTS- contlllued FOR THE YEAR ENDED JI NL4RCII 2025 SIIPPORT COSTS G()vernan¢e costs ComTMunity Trdnswrt Sch¢]nc 12,987 AUDfTORS' REfilUNERATIO 3113125 3113124 Fees payable to the ctwity's auditors forthe audit of the charity's financial statement5 Auditors, ￿MUneratIon for non audit work 7,200 )5 7,000 740 TRtrSTEES' REMUNEIL4TION AND BENEFrTs There M'ere no trustees. remwieratton or other benefits for the year ended 31 March 2025 nor for Ihe year ended 31 March 2024. TRUSTEES. EXPENSES There We￿ no trustees. expenses paid forthe year ended 31 March 2025 nor for the year ended 31 MaTch 2024. SI'AFF COSTS 3113125 3113ll4 Wages and salaries Social security costs Other pension costs 356,189 8,894 4,374 285,423 7.625 2.953 369,457 296,001 The average monthly number of employees durin¥ the year was a5 follows. 3113125 33 3113124 35 Transw)rt and administration staff No employees r¢c¢iv¢d ¢molum¢nts in excess of £60.(X)O. The CoMp￿Y consid¢rs its ky mallag¢m¢nt personnel comprise the Iruslees and the project manag¢r. The total employment benefrts Inc￿ding anployer pension contributions of th¢ k¢y rnanag¢m¢nt personnel wer¢ £38294 (2024: £36579). Page 15 ¢oniinued... SOUTH AYRSHIRE COMMUNITY TRANSPORT N(YfES TO TIIE FINANCIAL STATE￿IENTs- contlllued FOR THE I'EAR ETr4DED 31 MARCH 2025 io. COMPARATtVES FOR THE STATEMENT OF FINAYCIAL ACTTrThIES Unrestricted fimds Restrithd funds Total funds INCOME AND ENDOWMENfs FROM Donations and legacies 510 510 Charitsble activities Revenue grants Community Transp)rt Scheme In(x)me Capital grants 35,1 265.983 121,460 8,483 58.229 156,560 274,466 58,229 Totsl 301593 188,172 489,765 EXPENDITURE ON Charitible activi¢ies Community Transwrt Scheme 298.038 226,665 524,703 ]YET INCOMEI(EXPENDITURE) 3,555 (38,493) (34,938) RECONCILIATION OF FUNDS Total fijnds br(wght fonvard 223,565 250,949 474,514 TOTAL FUNDS CARRIED FORWARD 227.120 2l2,456 439,576 ii. TANGIBLE FIXED ASSETS Pknt and machitiery Motor vehicles Tota]s COST At l April 2024 Additions Disposals 32.714 605.779 41,490 (61,019) 638,493 41,490 (61,019) At 31 March 2025 32,714 586,250 618,964 DEPRECIAT]ON At l April 2024 Charg¢ for year Eliminatcd on disw)sal 370,014 44,375 {46,538) 397,355 46.899 (40,538) 2,524 At 31 March 2025 29.865 367,851 397,716 PIET BOOK VALUE At 31 March 2025 ?,849 218,399 221248 At 31 March 2024 5,373 235.765 241,138 All assets costing molt than £1,000 are capitslised. Page 16 continued... SOUTH AYRSHIRE CX}MMU￿RTy TRANSPORT NOTES TO THE FINALNCI.4L STATEMENTS- COD¢lnued FOR THE YEAR ENDED 31 TrIARCH 2025 12. DEBTORS: AMOULITS FALLING DUE wrrHIN ONE YEAR 3113125 3113n4 Trad¢ iJ¢btors VAT Prepayrnents 79,605 54.926 2,213 4,061 83,666 57,139 13. CREDITORS: AMoufiTS FALLIIIG DLE wrrHIN ONK YEAR 3113125 3113124 Tradc creditors Social security and other taxes VAT Accrned expenses 3,335 5,698 1.949 44,515 8,011 3,735 25J91 55.497 37,137 14. LEASING AGREEMENrs Minimum lease payrnents under non