Carrick Community Transport Group Limited Charity Accounts

COMPANY REGISTRATION NUMBER: SC318178

CHARITY REGISTRATION NUMBER: SC020728

Carrick Community Transport Group Limited

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

Carrick Community Transport Group Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	4

Statement of financial activities (including income and expenditure account)	6

Statement of financial position	7

Notes to the financial statements	8

Carrick Community Transport Group Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Reference and administrative details

Registered charity name	Carrick Community Transport Group Limited

Charity registration number	SC020728

Company registration number	SC318178

Principal office and registered	20 Wellington Square
office	Ayr
	KA7 1EZ

The trustees

	J W McCreath
	C J M Saunders
	S McMillan	(Appointed 10 September 2025)
	L Wilson	(Appointed 10 September 2025)

Independent examiner	James Bell CA
	20 Wellington Square
	Ayr
	KA7 1EZ

Structure, governance and management

Governing document

The company, which is a registered charity in Scotland, is registered as a charitable company limited by guarantee and is governed by the Memorandum and Articles of Association.

Recruitment and appointment of new trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association.

Organisational structure

Directors: Chris Saunders, John McCreath, Sean McMillan, Lee Wilson

Committee members: John McCreath, Ronald Turnbull, Chris Saunders, Sean McMillan, Lee Wilson Employees: Gwen Campbell

Objectives and activities

Objectives and aims:

To provide a cost-effective and reliable transport service to the Carrick community.

To maintain a modern, clean and well-presented fleet of minibuses.

To generate sufficient income through hire fees, partnerships and grants to support fleet upkeep and ensure appropriate administrative support for the Transport Group.

Achievements and performance

Carrick Community Transport Group (CCTG) has continued to deliver community transport services for local groups, schools and organisations within the Carrick area. Over the year, we have focused on maintaining a safe and compliant service while planning for necessary fleet renewal.

Following a period of reduced group engagement, we have actively worked to reverse the decline in usage. Through improved communication with user groups, promotional activity, and strengthening relationships with local organisations, bus hire numbers have begun to turn around. While the Adventure Centre for Education remains the largest user of the vehicles and continues to provide core income, we have seen renewed interest from community and educational groups, which is helping stabilise the service.

Recognising the long-term issues caused by an ageing fleet, we have prepared a strategy to secure funding for the replacement of older vehicles. These developments will form a key part of next year's report and will support the organisation's wider goal of modernising the fleet and improving service reliability.

The buses continue to be regularly safety-checked and maintained by our long-standing local mechanic, Colin Davidson. We acknowledge some ongoing challenges with his scheduling process and will review options to ensure maintenance is programmed in a more structured and predictable way. Routine cleaning and upkeep of buses has been undertaken by the Adventure Centre for Education throughout the year, helping maintain presentation and standards.

The committee has met regularly and remains committed to involving service users in the future governance of the organisation. Two new directors have been appointed during this period, we continue to encourage new volunteers and stakeholders to join us and contribute to the long-term sustainability of the service.

Financial review

Reserves policy

Accumulated cash reserves arising from surpluses (including some achieved prior to incorporation) are held to support the ongoing maintenance and replacement of vehicles. These reserves are essential as maintenance costs increase with age and usage, and they help ensure continuity of service. As part of our fleet renewal strategy, reserves are being actively managed to support match funding and responsible investment in new vehicles.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 15 December 2025 and signed on behalf of the board of trustees by:

J W McCreath

Trustee

Carrick Community Transport Group Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Carrick Community Transport Group Limited

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Carrick Community Transport Group Limited ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (‘the 2005 Act’), the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Independent examiner's statement

Since the charity is required by company law to prepare its accounts on an accruals basis and is registered as a charity in Scotland your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; or

2. the financial statements do not accord with those records or with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

James Bell CA Independent Examiner

20 Wellington Square Ayr KA7 1EZ

15 December 2025

Carrick Community Transport Group Limited

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Year ended 31 March 2025

	2025		2024
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Charitable activities	5	11,085	11,085	11,781
Investment income	6	–	–	53
Other income	7	–	–	1,118
		--------	--------	--------
Total income		11,085	11,085	12,952
		--------	--------	--------

Expenditure

Expenditure on charitable activities	8,9	12,713	12,713	12,879
		--------	--------	--------
Total expenditure		12,713	12,713	12,879
		--------	--------	--------

	--------	--------	--------
Net (expenditure)/income and net movement in funds	( 1,628)	( 1,628)	73
	--------	--------	--------

Reconciliation of funds

Total funds brought forward	17,015	17,015	16,942
	--------	--------	--------
Total funds carried forward	15,387	15,387	17,015
	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Carrick Community Transport Group Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible fixed assets	15	1,663	2,217

Current assets

Debtors	16	5,391	5,375
Cash at bank and in hand		10,550	11,540
		--------	--------
		15,941	16,915

Creditors: amounts falling due within one year	17	2,217	2,117
		--------	--------
Net current assets		13,724	14,798
		--------	--------
Total assets less current liabilities		15,387	17,015
		--------	--------

Funds of the charity

Unrestricted funds		15,387	17,015
		--------	--------
Total charity funds	18	15,387	17,015
		--------	--------

For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

J W McCreath

Trustee

Carrick Community Transport Group Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in Scotland and a registered charity in Scotland. The address of the registered office is 20 Wellington Square, Ayr, KA7 1EZ.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The charity has taken advantage of the disclosure exemptions available to small companies as permitted by FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The company, which is a registered charity in Scotland, is registered as a charitable company limited by guarantee and is governed by the Memorandum and Articles of Association.

5. Charitable activities

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Vehicle hires	10,960	10,960	11,656	11,656
Affiliation fees	125	125	125	125
	--------	--------	--------	--------
	11,085	11,085	11,781	11,781
	--------	--------	--------	--------

6. Investment income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Deposit account interest	–	–	53	53
	----	----	----	----

7. Other income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Gain on disposal of tangible fixed assets held for charity's own use	–	–	1,118	1,118
	----	----	-------	-------

8. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Charitable activities	11,225	11,225	11,541	11,541
Support costs	1,488	1,488	1,338	1,338
	--------	--------	--------	--------
	12,713	12,713	12,879	12,879
	--------	--------	--------	--------

9. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2025	Total fund 2024
	£	£	£	£
Charitable activities	11,225	–	11,225	11,541
Governance costs	–	1,488	1,488	1,338
	--------	-------	--------	--------
	11,225	1,488	12,713	12,879
	--------	-------	--------	--------

10. Analysis of support costs

	Charitable activities	Total 2025	Total 2024
	£	£	£
Accountancy	1,488	1,488	1,338
	-------	-------	-------

11. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets	554	739
Gains on disposal of tangible fixed assets	–	(1,118)
	----	-------

12. Independent examination fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	1,200	1,050
Other assurance services	288	288
	-------	-------
	1,488	1,338
	-------	-------

13. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	750	750
	----	----

The average head count of employees during the year was 1 (2024: 1 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Administration	1	1
	----	----

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

14. Trustee remuneration and expenses

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

15. Tangible fixed assets

	Motor vehicles
	£
Cost
At 1 April 2024 and 31 March 2025	32,884
	--------
Depreciation
At 1 April 2024	30,667
Charge for the year	554
	--------
At 31 March 2025	31,221
	--------
Carrying amount
At 31 March 2025	1,663
	--------
At 31 March 2024	2,217
	--------

16. Debtors

	2025	2024
	£	£
Trade debtors	3,180	4,440
Prepayments and accrued income	2,211	935
	-------	-------
	5,391	5,375
	-------	-------

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,152	1,527
Social security and other taxes	151	126
Other creditors	914	464
	-------	-------
	2,217	2,117
	-------	-------

18. Analysis of charitable funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	At 31 March 2025
	£	£	£	£
General funds	17,015	11,085	(12,713)	15,387
	--------	--------	--------	--------

	At 1 April 2023	Income	Expenditure	At 31 March 2024
	£	£	£	£
General funds	16,942	12,952	(12,879)	17,015
	--------	--------	--------	--------

19. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2025
	£	£
Tangible fixed assets	1,663	1,663
Current assets	15,941	15,941
Creditors less than 1 year	(2,217)	(2,217)
	--------	--------
Net assets	15,387	15,387
	--------	--------

	Unrestricted Funds	Total Funds 2024
	£	£
Tangible fixed assets	2,217	2,217
Current assets	16,915	16,915
Creditors less than 1 year	(2,117)	(2,117)
	--------	--------
Net assets	17,015	17,015
	--------	--------

20. Related parties

There were no related party transactions in the year ended 31 March 2025, nor in the year ended 31 March 2024.