xr&q^. - yola 2011.pdf · 1.8 does the society hold deposits (excluding withdrawable shares)...

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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


1.5 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.



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


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.


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


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


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 \ ^


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

mailto:[email protected]

http://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.


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

http://www.frc.org.uk/apb/scope/private.cfm


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


Profit and Loss Account


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.


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


Notes to the Accounts


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

£

-

-

-----

-

-------

---

-

-

-




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.




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




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

xr&q^. - yola 2011.pdf · 1.8 does the society hold deposits (excluding withdrawable shares)...

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