Xr&Q^. - Yola 2011.pdf · 1.8 Does the society hold deposits (excluding withdrawable shares) taken...
-
Upload
truongphuc -
Category
Documents
-
view
212 -
download
0
Transcript of Xr&Q^. - Yola 2011.pdf · 1.8 Does the society hold deposits (excluding withdrawable shares) taken...
Xr&Q^.
Mutual Societies Annual Return
AR 30 - Industrial and Provident Societies Act 1965
Form [
Full name of society
F I N L A N D ftWOClAtiON FCfL
COmmONiTH -TRAiMiPodl' LTD
Secretary Full Name
Email Address
Telephone No.
BAfcfcH HOWUTT
joaAAe e>>facr- .Q)b-corYi
Q I 3 S 4 btol3i34-
Important information you should read before completing this form
We require all Industrial and Provident societies to complete this form every year.
For a society registered on or after 8 January 2012, the year of account will end on the last day of the month in which the
anniversary of its registration falls, unless the society has notified us otherwise. For a society registered before 8 January
2012, the society's year of account must end between 31 August to 31 January inclusive, unless the society has notified
us otherwise.
All the required information must be submitted within seven months of the year end date. Failure to submit the documents
constituting your society's annual return by the due date is an offence and may result in prosecution.
Please keep a copy of the form and the supporting documents for future reference.
The notes that accompany this form will help you complete the questions.
Please be aware that any personal details you give on the form will be placed on the society's public file.
It is important you give accurate and complete information and disclose all relevant information, If you do not. it may take
us longer to assess your annual return.
Terms In this form and Contents
'FSA', 'we' and 'us' refer to the Financial Services Authority.
'You' refers to the person signing the form on behalf of the society.
2 Statistics 7
3 The audit 9
4 Accounts and signature 10
FSA use only
1st
nnd
Date Received Case Officer •-—Jii i i* iutu6ltfe:un;:
I 0': AP.? 25'?
FSA • Mutuals AR 30 - Industrial and Provident Societies (F) • Release 1 • January 2011 pagel
Mutual Societies Annual Return
AR 30 - Industrial and Provident Societies
Form
Fill ing in the form
1 If you are using your computer to complete the form:
• use the TAB key to move from question to question and press SHIFT TAB to move back to the previous question;
and
• print out the completed form and arrange for it to be signed.
2 If you are filling in the form by hand:
• use black ink;
• write clearly; and
• arrange for it to be signed.
3 If you make a mistake, cross it out and initial the changes; do not use correction fluid.
4 If you think a question is not relevant to you, write 'not applicable' and explain why.
5 If you:
• leave a question blank;
• do not get the form signed; or
• do not attach the required supporting information
without telling us why, we will have lo treat the return as incomplete. This will increase the time taken to assess your
return.
6 If there is not enough space on the form, you may need to use separate sheets of paper. Clearly mark each separate
sheet of paper with the relevant question number.
7 Send us your application by post. It must include:
• this form;
• a set of printed accounts;
• an audit report or accountant's report where appropriate (or a supplementary return); and
• supporting documents.
Send it to:
Mutuals Team
The Financial Services Authority
25 The North Colonnade
Canary Wharf
LONDON
E14 5HS
1 Details of society
lia5i"iislSTO!8^KEM
1.1 Details of the society
Register number Q_ ^o ^" 5 tz? (^,
5 m A H T i r J AV£MU Registered office address
Postcode
fAA^CW (_AtuA S
Pf»5 OftH
1.2 Year end date (dd/mm/yyyy)
See Note 1.2
3 1 / ( 2 / 2 0 1 I
Committee of management If you are a club you do not need to give a year of birth in questions 1.3-1.6.
The names of the members of the Committee at the date on which the return is signed
should be entered below in BLOCK CAPITALS.
1.3 Details of Chairman
Name CHAtUeS - J ^ N K l N i
Address
Postcode
2 ^ HOILStfcrVie L A N t
v o v - i r m e ^
9t f U N
Year of birth yyyy 23 /03 /1939 Business occupation'
and other R tf\ £ C D directorships
1.4 Details of Treasurer
Name
Address
Postcode
Year of birth
PfYTRjCl A S i i e i M i N !6ReU]'N OAKS , CJT-/ (LOfKO
\ H \ 5 9 L T
yyyy 0 Z / 0 J J I 9 3 ! Business occupation
and other £ £ T i R. £ J $
directorships
FSA • Mutuals AR 30 - Industrial and Provident Societies (F) • Release 1 • January 2011 page 3
1 Details of society
1.5 Details of Secretary
Name B A r l f l S H O W C C - T T
Address
Postcode P G I 5 9 H 6
Year of birth yyyy 0 9 / 0 2 j I 9 3 1~
Business occupation
and other KCTlft6D directorships
1.6 Details of Members of the Committee
Name
QA\il^J
mOULTON
i A N O ^ A
TWUR^DIN!
TUCK
KIT
Address
c/o CAPn6Ri06CiHC
CLOJ>£
CAOnlU COUNTi
COO NCi L t t f t o e d
FCfMLANO
COUMClC
officer
Year of birth
yyyy
yyyy
T yyyy
IQ50
yyyy
194-5
yyyy
yyyy
Business occupation and other directorships
itAf\u?o(a OFFice^
rUf i (UD
COVJMCIL.
L£AJ)£^
R islLArvlD COUNCILLOR
Please use separate sheets of paper if you need more space.
Please indicate how many separate sheets of paper you have used.
FSA • Mutuals AR 30 - Industrial and Provident Societies (F) • Release 1 • January 2011 page 4
1 Details of society
All societies must answer the following questions whether the answers are yes or
no, and provide all other information requested
1.7 Does the society take deposits (excluding withdrawable shares) within the provisions of the Financial Services and Markets Act 2000?
• v 0 N o
• Yes
1.8 Does the society hold deposits (excluding withdrawable shares) taken previously,
even though it does not currently take them, within the provisions of the Financial
Services and Markets Act 2000?
\ 0 N o
• Yes
1.9 Is the society a subsidiary of another society?
V E ^ N o
• Yes
1.10 Does the society have one or more subsidiaries?
\Zf No • Yes
1.11 Is the society currently accepted by the Inland Revenue as a charity for tax purposes?
• No • Continue to question 1.12
v B l Yes • Give details below
Reference number of letter from Inland Revenue or the Scottish Charity number
L A S / C A m W —
You must confirm that youliave attached a copy of the Q Yes
Inland Revenue's letter to this return
1.12 Is the society registered with the Tenant Services Authority, Welsh Ministers or
The Scottish Housing Regulator?
v P j No • Continue to question 1.14
• Yes • Select the one you are registered with below and provide the registration
number
QTenant Services Authority
• Welsh Ministers
GThe Scottish Housing Regulator
Register number
1.13 Is the society a registered social landlord?
y j A No • Yes
1.14 Does the society offer any insurance products?
V/(5NO
D Yes
1.15 Does the society undertake residential mortgage business?
• Yes
1.16 Name of any organisation to which the society is affiliated
Name
FSA • Mutuals AR 30 - Industrial and Provident Societies {F} • Release 1 • January 2011 page 5
1 Details of society
Benefit of the community societies
1.17 As once completed this return will be placed on the society's public file, benefit of the community societies are welcome to use the space below to provide a report for all those who may have an interest in the society. If provided, this report should cover the activities of the society during the financial period covered by the return and should set out how these activities have brought benefit to the community.
FACf optfcif-cJ iri +he ru ra l
Fervland oJea of Ca.Mb/idft€JVWt
fo people. (yovy/vcj/ddfcfly^iiabiecJ
^ I A O KOAI*. chf f icu lhf - i OJ IMJ
Cof\vj«.rU->oMoJ fwodf jop traAjfoft .
V\K COHA. -\o pfo\i\dL -fullu
a x u i ^ ' i b i e y affordoJjle^ OA-CL
)
Please use separate sheets of paper if you need more space.
Please indicate how many separate sheets of paper you have used.
FSA • Mutuals AR 30 - Industrial and Provident Societies (F) • Release 1 • January 2011 page 6
i •_' Ws mm m© i te© fitpR^.foD ®HF^TMM() 1 ^ ^
Account details
2.1 You must enter the figures below
See notes for help on items E-T. Enter NIL where applicable
A
B
C
D
E
F
G
H
I
J
Members at beginning of year
Members ceased during year
Members admitted during year
Members at end of year
Turnover for year
Total of income and expenditure (receipts and payments added together)
Net surplus/(deficit) for year
Fixed assets
Current assets
Total assets (equal to amount in row 0, below)
338
0 II
3 f3 4-02 81 (J,
S34,H*
(l<oi-2)0)
3}<o ( (o05
I M ^ / 5278*4,
K
L
M
N
0
Current liabilities
Share capital
Long-term liabilities
Reserves
Total liabilities, share capital & reserves (K+L+M+N) (equal to amount in J above)
)
34-3 lpH33
/f40/<f>5
52=128^ f
Ail societies (excluding clubs) must complete boxes P-T
p
Q
R
S
T
Investments in other Industrial and Provident societies
Loans from members
Loans from Employees' Superannuation Schemes
Dividends on sales
Share interest
FSA • Mutuals AR 30 - Industrial and Provident Societies (F) • Release 1 • January 2011 page 7
2 Statistics
2.2 Names of subsidiaries as defined in Section 15 of the Friendly and Industrial and
Provident Societies Act 1968
2.3 Names of subsidiaries not dealt with in group accounts (if any) and reasons for
exclusions (as approved by the FSA)
The society must have written authority from us to exclude a subsidiary from group
accounts
FSA • Mutuals AR 30 - Industrial and Provident Societies (F) • Release 1 • January 2011 pages
3 The audit
3.1 Type of audit used for the attached accounts.
If the society has used a full professional audit or an accountant's report then the report
must be prepared by a registered auditor.
S ^ ^ Full professional audit • Continue to section 4
• Accountant's report • Complete questions 3.2 and 3.3
• Lay audit • Complete questions 3.2 and 3.3
Q Unaudited • Complete questions 3.2 and 3.3
3.2 Do the society's registered rules allow the society not to undertake a full professional audit?
D No • Yes
3.3 Has the membership passed at general meeting, in accordance with section 4A(2) of the Friendly and Industrial and Provident Societies Act 1968, a resolution allowing the society not to undertake a full professional audit for the year of account in question?
• No • Yes
FSA • Mutuals AR 30 - Industrial and Provident Societies (F) • Release 1 • January 2011 page 9
4 Accounts and signature
A c c o u n t s
4.1 Date on which the accounts and balance sheet will be/were laid before the AGM
(dd/mm/yyyy)
0\d\i OW i 2 \ Q \ I 7.
4.2 Does your society have to produce accounts to the minimum standard required?
\ / Q Yes • you must confirm that you have attached the accounts
and the audit/accountant's report bearing the original
signatures of the auditor (if required by law), the secretary y
and the two committee members. \^JAttached
G No • you must complete a supplementary return, see
notes for details. •Attached
S i g n a t u r e - a l l s o c i e t i e s t o c o m p l e t e
4.3 The Secretary of the society must sign and date below
I certify that the information in this form is to the best of my knowledge and belief,
correct.
Name f k w y -ToHrf H o ^ L ^ , ^ r
Date ft- |dd/mm/yy Q 3 J O ^ J l O \ ^
FSA • Mutuals AR 30 - Industrial and Provident Societies (F) • Release 1 • January 2011 page 10
FACT Fenland Association for Community Transport
ANNUAL REPORT
2011 lucElvcuuI.'Vt1
i
\
"for the benefit of the community" Registered as an Industrial & Provident Society No. 26756R
FENLAND ASSOCIATION FOR COMMUNITY TRANSPORT LTD 5 Martin Avenue, March, Cambridgeshire, PE15 OAY
TELEPHONE: (01354) 661234 FAX: (01354) 661235 EMAIL: [email protected]
www.fact-cambs.co.uk
ASSOCIATION INFORMATION - 2011
EXECUTIVE COMMITTEE:
CHAIR SECRETARY TREASURER/FINANCE OFFICER ADVISOR/OBSERVER
Mr C Jenkins Mr B Hewlett Mrs P Brewin Mr G Moulton
Jill Tuck Kit Owen Mr J Clarke (until 23 Nov 2011) Mrs S Thurston (from 23 Nov 2011)
STAFF: MANAGER
SERVICES CO-ORDINATOR
FLEET MANAGER
ADMINISTRATOR
Mrs J Philpott Miss S Smith Miss N Dorey Mr R Seekings Miss S Fink
REGISTERED OFFICE:
REGISTERED:
BANKERS:
5 Martin Avenue March Cambridgeshire PE15 OAY
Industrial & Provident Society No: 26756R
Barclays Bank Pic 2 Broad Street MARCH Cambridgeshire PE15 8TQ
AUDITORS:
Edwards 15 Station Road St Ives
Cambridgeshire PE27 5BH
MINUTES OF THE ANNUAL GENERAL MEETING HELD ON 19 th APRIL 2011,14:00
AT FACT OFFICES. 5 MARTIN AVENUE, MARCH, CAMBRIDGESHIRE
Thirteen people were in attendance.
1 . APOLOGIES Two apologies received
2. ANNUAL REPORT
EXECUTIVE REPORT Jo Philpott read the executive report and was thanked by Charlie Jenkins.
AUDITED ACCOUNTS Jo Philpott presented the accounts.
Kit Owen said the accounts looked good, and was an outstanding year for external funding, its good that people want to support us.
Kit Owen asked if vehicles are regarded as assets, Jo Philpott confirmed this.
Proposal to adopt the Annual Report as a true and accurate record made by Charlie Jenkins.
3. APPOINTMENT OF AUDITORS
Jo Philpott proposed that we maintain the "relationship" with Moore Thompson seconded by Charlie Jenkins.
4 . ELECTION OF EXECUTIVE COMMITTEE
Nominations had been received for the following positions and a proposal to elect Proposed by J Philpott, seconded by S. Coombs Proposed by N Dorey, seconded by S Smith Proposed by R Seekings, seconded by J Philpott Proposed by T Quince, seconded by B Keane Proposed by C Jenkins, seconded by J Philpott Proposed by R Seekings, seconded by S Smith
5. ANY OTHER BUSINESS
Ross Davies from Rotary Club asked about drivers and not being able to drive when the license expires and who would be paying. Charlie Jenkins asked to explain what he meant. Ross explained that John Lattimore and Mike Calvert had been told they needed to pay to renew license to drive for FACT. Sadie Smith explained that their MiDAS Certificates had expired, not there licenses. And that they were not drivers for FACT but registered drivers for Rotary Club. As their certificates have expired they were not able to use our vehicles. To be able to use them again they would need to redo the MiDAS course. Jo Philpott said that FACT could provide a driver to group in the mean time.
Chair Secretary
Treasurer Member Member Member
- Charlie Jenkins - Barry Hewlett
- Patsy Brewin - Kit Owen - Jill Tuck - John Clarke
Bob Wicks asked if the Dial-A-Ride was open to people in Benwick. Jo Philpott said that we have had people ask in the past and said that if there was a demand we would be happy to added Benwick to our Dial-A-Ride. Wendy Otter said that questions could be made up and dropped in to all the homes in Benwick to see what transport requirements people needed before deciding on what service could be provided.
Glenn Edge did a talk about the bus cuts and how community transport could cover the gaps. Nothing has been decided yet, but meetings and strategy groups are being held at the moment.
Charlie Jenkins thanks everyone for attending the Annual General Meeting and said he was happy to carry on being chairman and that things are going well for FACT and said thank you to all the staff and drivers.
Meeting closed at 14:45.
Executive Report 2011
We would like to acknowledge the passing away of one of FACT'S Trustees, John Clark. John sadly passed away on the 28 November 2011. John was a user of the DAR North Area, Sandra Thurston who is a DAR Central member is now replacing John as a fellow Trustee.
2011 has proved to be a year of continuation and endurance for FACT. In the grip of a recession and rising diesel prices, transport bookings are few and income has greatly reduced for us here. We have tried to substitute this loss with extra work through the DAR and CCC school contracts which will hopefully establish us as one of the leading community transport operators in the region.
During the year we carried 64,753 DAR passengers of which 5,673 were wheelchair users and completed 275,497 miles. This is an increase in journeys of a brilliant 24%.
A big priority during 2011 was readying ourselves for the large number of school contracts we have now been awarded from Cambridgeshire County Council. These contracts run for five years which gives us some level of income security. We needed to source many more reliable drivers and passenger assistants and hopefully our choices will not let us down. The admin and routing work that comes with these new routes is immense and some parents can be very challenging, so the office has been kept very busy by ensuring that all the routes were organised and timed perfectly.
The year also saw the launch of our special outings offered to all our DAR members to places that are further afield than our usual outings. Amongst these were trips to the Olympics Venue at Stratford, Milton Keynes, Lowestoft, Bury St Edmunds, Downtown in Grantham, Fakenham and Lakeside Shopping Centre. These proved to be very popular and some trips went with three full minibuses all from different areas. After seeing the popularity of these trips we are now in the process of planning more of these throughout 2012 especially during the school holidays and quieter periods.
Many thanks to the following funders and charitable trusts who during 2011 recognised FACT as a worthwhile cause and can see that we are here for the long run:
Garfield Weston Foundation Stella Symons Charitable Trust Wimblington Parish Council Parson Drove Parish Council Bends Charity Gorefield Parish Council Evan Cornish Foundation March Town Council Tesco Charity Trust Fenland District Council Community Grants Chatteris Town Council Rotary Club
Whittlesey Charity Elizabeth Wright Charity Wisbech Round Table Coutts Charity Sir Jules Thorn Charity Woodroffe Benton Rank Foundation Wisbech & Walsoken Sick Charity
The majority of this funding was geared towards an expansion of FACT into more of the smaller villages such as Benwick. This new route was eventually launched in September 2011 and is linked with the West Area DAR schedule. We have had approx. twenty members since the launch and lots of encouraging comments. It's very positive for us to have another area added to our route and we are happy to serve the Benwick residents who were desperate for our service for a long time.
FACT has been working with the Community Payback Scheme which offers offenders the chance to carry out their community work through various community groups in the area. The work carried out by the group has been brilliant. We have had our hedges trimmed, rooms painted, vehicles washed and other general repairs too. We are pleased to be representing the community and helping offenders in this area in a positive way. The various works done would have cost us a lot of money if done privately so it's nice to see that local community groups can really help each other out and co-operate for a common good.
Thanks go to Gail Reynolds and Wendy Otter from Fenland District Council for their support with marketing throughout the year.
Our committee, made up of Councillors, transport officers and retired entrepreneurs, has a varied expertise and we would like to thank all these individuals for their contributions to FACT.
Expansion is our ultimate goal and at the end of 2011 we are operating twenty three vehicles, six days a week throughout the rural Fenland area. We know the demand is out there for more transport which we can offer and fulfil with the right support and backing. We will continue to push FACT forward and our next aim is to operate thirty vehicles in the next two years, a vision which we believe to be fully achievable.
FENLAND ASSOCIATION FOR COMMUNITY TRANSPORT LIMITED
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 3 1 s t DECEMBER 2011
Page 1
Fenland Association for Community Transport Limited
Registered number: 26756R
Management Committees' Report
The management committees present their report and accounts for the year ended 31 December 2011,
Principal activities The principal activity of the association in the year under review was that of the provision of accessible, affordable transport for people who experience mobility difficulties in a mainly rural area.
Review of business The results for the year and financial position are as shown in the annexed financial statements.
Disclosure of information to auditors Each person who was a member of the management committee was approved confirms that:
• so far as he is aware, there is no relevant audit information of which the association's auditor is unaware; and
• he has taken all the steps that he ought to have taken as a member of the management committee in order to make himself aware of any relevant audit information and to establish that the association's auditor is aware of that information.
This report was approved by the management committee , / P . | 5 1 , ) * T . . . and signed on its behalf. J3\A)X.
Mrjf/Jenkins
Chairman
Fenland Associat ion for Community Transport Limited
Statement of Management Committees' Responsibi l i t ies
The management committee are required by law to prepare accounts for each financial year which give a true and fair view of the state of affairs of the association and of the surplus or deficit of the association for that period. In preparing these accounts, the management committee are required to:
• select suitable accounting policies and then apply them consistently;
• make judgements and estimates that are reasonable and prudent;
• prepare the accounts on the going concern basis unless it is inappropriate to presume that the association will continue in business.
The management committee are responsible for keeping adequate accounting records that are sufficient to show and explain the association's transactions and disclose with reasonable accuracy at any time the financial position of the association and enable them to ensure that the accounts comply with the Industrial and Provident Societies Act 1965 and the Friendly and Industrial and Provident Societies Act 1968. They are also responsible for safeguarding the assets of the company and hence for faking reasonable steps for the prevention and detection of fraud and other irregularities.
Fenland Association for Community Transport Limited
Independent auditors' report
to the members of Fenland Association for Community Transport Limited
We have audited the accounts of Fenland Association for Community Transport Limited for the year ended 31 December 2011 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard For Smaller Entities (effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).
This report is made solely to the association's members, as a body, In accordance with Section 9 of the Friendly and Industrial Provident Societies Act 1968. Our audit work has been undertaken so that we might state to the association's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the association and the
association's members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditors
As explained more fully in the Statement of Management Committees' Responsibilities, the members are responsible for
the preparation of the accounts and for being satisfied that they give a true and fair view. Our responsibility is to audit and
express an opinion on the accounts in accordance with applicable law and International Standards on Auditing (UK and
Ireland). Those standards require us to comply with the Auditing Practices Board's (APB's) Ethical Standards for Auditors.
In accordance with the exemption provided by APB Ethical Standard - Provisions Available for Smaller Entities (Revised),
we have prepared and submitted the company's returns to the tax authorities and assisted with the preparation of the accounts.
Scope of the audit of the accounts
A description of the scope of an audit of financial statements is provided on the APB's website at
www.frc.org.uk/apb/scope/private.cfm
Opinion on the accounts
In our opinion the accounts:
• give a true and fair view of the state of the association's affairs as at 31 December 2011 and of its deficit for the year
then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable
to Smaller Entities; and
• have been prepared in accordance with the requirements of the Friendly and Industrial Societies Act 1968.
Opinion on other matters
In our opinion the information given in the Management Committees' Report for the financial year for which the accounts
are prepared is consistent with the accounts.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where if, in our opinion:
• adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or
• the accounts are not in agreement with the accounting records and returns; or
• certain disclosures of managements' remuneration specified by law are not made; or
• we have not received all the information and explanations we require for our audit; or
• the management committee were not entitled to prepare the accounts and the management committees' report in
accordance with the small companies regime.
A J Wrioht
A J Wright
(Senior Statutory Auditor) 15 Station Road
for and on behalf of St Ives
Edwards Cambridgeshire
Accountants and Statutory Auditors PE27 5BH
23 March 2012
Fenland Association for Community Transport Limited
Profit and Loss Account
for the year ended 31 December 2011
Notes
INCOME Grants: Various
Donations: Various
General income: Hire of mini-buses and cars
Dial-a-bus Dial-a-ride Fenland car scheme Membership Training fees
Bank interest Room hire
Total income
Unrestricted funds
£
82,777
348
236,847
12.868 72,819
-
1.234
1.527
. 69 325
408,814
Restricted
funds £
26,308
-
-
---
--
-
26.308
Total funds 2011
£
109,085
348
236,847
12,868
72.819 -
1.234
1,527 69
325
435,122
Total funds 2010
£
105,925
1,448
257.028
19.784 57.240
259 1.043
1,430 83
360
444,600
EXPENDITURE Vehicle costs: Petrol, diesel and oil Repairs and maintenance Insurance
60,359 19.375 19,239
60,359 19,375 19.239
55,269 15.175 18.901
98,973 98,973 89,345
Fenland Association for Community Transport Limited
Profit and Loss Account
for the year ended 31 December 2011
Notes
General expenses: Telephone and communication Postage, stationery and advertising
General insurance Sundry repairs and maintenance Staff salaries Casual relief wages and expenses Staff expenses Training services Sundry expenses
Mortgage interest Bank charges
Auditors' remuneration Bookkeeping Rates Light and heat Depreciation
Loss/{Profit) on disposal
Total expenditure
Surplus/fDeficit) of income
General reserves brought forward
General reserves carried forward
at 31 December 2011
Unrestricted funds
£
6,290 11.951
1.251 6,024
73,709 171,043
3,555 -
1,401 224 44
2,730 4,375 1,258 1,908
36,466 4,102
425,304
(16.490)
394,879
378,389
Restricted funds
£
-
---
----
--
-----
26,308
-
26,308
-
-
-
Total funds 2011
£
6,290
11,951 1,251 6,024
73,709 171.043
3.555 -
1,401
224 44
2.730 4,375 1.258 1,908
62,774
4,102
451,612
(16,490)
394,879
378,389
Total funds 2010
£
5,735
10,844 1,147 4,966
75,686 177,278
430 43
3,271 706
(8) 2.710 4.260 1.164 2.139
72,258
4,398
456,372
(11.772)
406,651
394,879
Total recognised gains and losses
There were no recognised gains or losses other than the surplus/(deficit) of income for the current and
previous year.
Continuing operations
None of the association's operations were acquired or discontinued during the current or previous years.
Fenland Association for Community Transport Limited
Balance Sheet
as at 31 December 2011
Notes
Fixed assets Tangible assets
Current assets Debtors Bank accounts - Current - Business reserve - Capital reserve Petty cash float
Creditors: amounts falling due within one year
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Net assets
Capital and reserves Called up share capital Capital reserve General reserve
Shareholders* funds
60.848
2011 £
376,605
38.066
2010 C
395.969
(2,777)
108.761
854
85
167.771
(39,459)
128,312
504.917
(47,933)
456,984
349
78,246
378,389
456.984
170
145.166
8.852
138
192.392
(58.143)
134,249
530.218
(56.755)
473,463
338
78,246
394.879
473,463
Approved by the Management Committee on '.X... and signed on its behalf:
of Mr tvOenkins Chairman
Mr B Hewlett Secretary
Mrs P Bewin Treasurer
Fenland Association for Community Transport Limited
Notes to the Accounts
for the year ended 31 December 2011
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Freehold land Nil
Freehold buildings 2% on reducing balance General equipment 25% on reducing balance
Motor vehicles 30% on reducing balance Office equipment 30% on reducing balance
Grants received Revenue grants are included in the Income and Expenditure Account in the year that they are received. Capital grants are credited to the Income and Expenditure Account over the useful life of the assets concerned.
Grants received
Unrestricted
Cambs. County Council - Transport Bus Service Operators
Fenland Primary Care Trust Parson Drove Parish Council Gorefield Parish Council
March Town Council Chatteris Town Council
Wisbech Round Table Wimblington Parish Council Whittlesey Charity
Whittlesey Council Garfield Weston Stella Symons Charitable Trust Bends Charity
Tesco Chanty Grant Rotary Club
Coutts Charitable Trust Sir Joules Thorn
Woodroffe Benton Wisbech & Walsoken Sick Charity
Brought forward
£
-
------
-
--
-----
---
-
-
-
Income
£
38,019
18.786 18,147
100 100
90 100 500 100
500
250 2,495
250
500 500 50
500 750 900
140
82,777
Spending £
-
------
-
-
-
---
---
--
--
-
Carried forward
£
-
-
-----
-
-------
---
-
-
-
Fenland Association for Community Transport Limited
Notes to the Accounts
for the year ended 31 December 2011
2 Grants received (continued)
Restricted Big Lottery Fund - Capital Co - Operative Awards For AD Cambridgeshire County Council Doyly Carte Charitable Trust Bruce Wake Charitable Trust 02
Cambridgeshire ACRE
Beatrice Lating Trust Elizabeth Wrights Charity Clothworkers Foundation
Bruce Wake Strangward Trust Rank Foundation Cambridgeshire County Council Wolfson Foundation Coutts Charitable Trust Sobell Foundation
Help The Aged Beatrice Lating Trust Percy Bilton Charity Coutts and Co
The Grocers Trust Robert Hail Grant Harry Cureton
Evan Cornish Foundation Fenland District Council Elizabeth Wrights Charity Rank Foundation
Depreciation on assets
Brought forward
£
1.729 250
1.499 283
1,917 383 383 850
933
500 9,000
617 6,833 1,533 1,255
17,333 867
13,500 2,292
917 4.333 2,600
2,600 4,333 4,333
---
-
-
81.073
Income £
1.729 250
1,499 200
1.000 200 200
600
400 200
3.000 200
2.000 400 342
4,000 200
3.000 500 200
1.000 600
600 1,000
1,000
750 638
500 100
-
26,308
Spending £
-
-------
--
---
----
---
--
--
----
-26,308
26.308
Carried forward
£
_
--
83
917 183 183 250
533 300
6,000 417
4,833 1.133
913
13.333 667
10,500 1,792
717 3.333 2.000 2.000 3,333
3,333
4,250 4,144 4,500 1,900
-
71.547
During the year both revenue and capital grants were received by the association from various grant
making bodies.
Fenland Association for Community Transport Limited
Notes to the Accounts
for the year ended 31 December 2011
3 Tangible fixed assets
Cost At 1 January 2011 Additions Disposals
At 31 December 2011
Depreciation A t l January2011 Charge for the year On disposals At 31 December 2011
Net book value At 31 December 2011
At 31 December 2010
4 Debtors
Trade debtors Other debtors Prepayments
The prepayments consist c Office, public and empl FSA Society Fee Social Enterprise Mark Grant Subscriptions
Freehold
property £
264.721 6,450
271,171
27.845
3,852
31,697
239,474
236,876
if:
oyers liability
Office
equipment
£
39.229 2,430
(11,895) 29,764
30,496
2.877 (9.371) 24.002
5,762
8,733
insurance
General equipment
£
9,252
9,252
5.662
898
6,560
2,692
3.590
Vehicles £
344.249 39,870
(53,574) 330,545
197.479 55.147
(50.758) 201.868
128.677
146,770
2011 £
48,199 12.033
616 60,848
432 59
125 616
i
Total £
657,451 48,750 (65,469)
640,732
261,482 62,774 (60.129)
264.127
376,605
395,969
2010 £
28,900 8,637
529 38,066
388 59 82
529
There were no debtors due after more than one year.
5 Cash at bank
Cash held re deferred grants
General funds held
2011 £
71,548 35,290
106,838
2010 £
81,073 73,115
154,188
10
Fenland Association for Community Transport Limited
Notes to the Accounts
for the year ended 31 December 2011
6 Creditors: amounts falling due within one year
Bank loans and overdrafts Trade creditors Other taxes and social security costs Accrued expenses Deferred grant income
7 Creditors: amounts falling due after one year
Deferred grant income
8 Loans
Creditors include: Secured bank loans
The commercial mortgage is secured by a legal charge over premises and office buildings at 5 Martin
Avenue. March, Cambs. The mortgage was repaid during the year.
9 Share capital
Issued shares at 1 January 2011 Issued during the year
2011
£
10,082
5,762
23,615
39,459
2011
£
47,933
2011
£
-
2010
£
15,078
9,182
2,714
6.851
24.318
58,143
2010
£
56,755
2010
£
15,078
2011
£
338
11
349
2010
£
327
11
338
11
ACKNOWLEDGEMENTS
Fenland Association for Community Transport would not be able to serve the community without the help and support of so many people and organisations. The Staff and Committee extend a sincere thanks to each and everyone of you. We look forward to your continued support in the year 2012.
TO ALL DRIVERS, ESCORTS AND HELPERS ETC: -WITHOUT YOUR HELP WE WOULD NOT BE HERE TODAY!
Fenland District Council
Cambridgeshire County Council Fenland Primary Care Trust
Wimblington Parish Council Parson Drove Parish Council
Gorefield Parish Council March Town Council
Chatteris Town Council Rotary Club
Wisbech Round Table Whittlesey Charity
Thanks to Wendy Otter and Gail Reynolds for all their support.
For their continued support in funding our infrastructure costs
For their donations
R J Beeby March M.O.T Centre
Guest Trucks For maintaining our vehicles
SB Components For maintaining our passenger lifts
Garfield Weston Foundation Stella Symons Charitable Trust
Bends Charity Evan Cornish Foundation
Tesco Carity Trust Fenland District Council Community Grants
Elizabeth Wright Charity Coutts Charity
Sir Jules Thorn Charity Woodroffe Benton
Rank Foundation Wisbech & Walsoken Sick Charity
For their contributions towards a new vehicle
A. C. T. Communications For their support and the provision of our vehicle radios and maintaining them
Cambridgeshire Times Fenland Citizen
For supporting us through the media
To all our members/users etc! For continuing to use our services