Company registration number 05569601 (England and Wales)
Charity registration number 1117153 (England and Wales)
THE COMMBUS PROJECT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
THE COMMBUS PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr K M Richardson
Mr A O Curran
Mr N Calver
(Appointed 27 January 2025)
Mr S R Webb
(Appointed 27 January 2025)
Mr S M Males
(Appointed 27 January 2025)
Secretary
Mr S M Males
Charity number
1117153
Company number
05569601
Registered office
The Manse
School Lane
Narborough
Leicester
LE19 2GS
Independent examiner
Philip John Dymond FCCA
Cheyettes Ltd
167 London Road
Leicester
LE2 1EG
THE COMMBUS PROJECT
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 14
THE COMMBUS PROJECT
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 30 September 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019).

Objectives and activities

The principal object of the charitable company was that of providing Community Transport facilities in the Blaby District of Leicestershire.

The charit able company operates a dial a ride service Mondays to Fridays picking up members from their home address to take them to shopping centres, garden centres and popular locations in the Blaby district and beyond.

We have 3 minibuses all equipped with a powered tail lift, specialised equipment for securing wheelchairs and small scooters and additional handrails to assist passengers on and off the vehicle.

All drivers are MIDAS trained (Minibus Driver Awareness Scheme administered by the Community Transport Association of which the charity is a member) and each bus travels with an escort to assist passengers.

We also offer a private hire service to community groups and residential homes with a mobility need to transport them to a place of their choice.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

Volunteers

Everyone that works for the charity is a volunteer which includes drivers, escorts, office team, out of hours message takers and trustees/directors. The contribution they make in not only working for the charity but also promoting its activities is invaluable.

Achievements and performance
Significant activities and achievements against objectives

Members continue to grow year on year by around 10% per annum. Significantly, new registrations for passengers with mobility issues, i.e. using a wheelchair or scooter, are up 800%.

We have introduced a Facebook page to promote our service and as another medium for trying to recruit more volunteers.

We have also introduced dedicated ‘Commbus’ WhapsApp groups to help promote communications internally.

We are running at 98% efficiency.

This year, we have moved towards a paperless system. Passengers can now register online, working documents are emailed to Commbus volunteers and customers accordingly. Internal and operational documents are stored on computer and backed up accordingly. Customer data is securely held and removed when the passenger no longer travels.

Passengers are assessed to ensure passenger safety is upheld. Wheelchair and scooter users are visited at home to verify that they are safe to travel on buses before registration is confirmed.

Internal wheelchair training is also provided and support documents are stored on the buses for reference where required.

THE COMMBUS PROJECT
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
Financial review

The financial statements show an overall level of reserves at the end of the year which the trustees consider to be sound.

The Statement of Financial Activities demonstrates overall net income of £17,948 (2024 - £25,921) and at the end of the year general reserves amounted to £305,414 (2024 - £285,053) and restricted reserves were £7,455 (2024 - £9,868).

Reserves policy

The trustees have established a level of reserves designed to provide sufficient resources for the charity to continue in operation for the foreseeable future. The policy requires a regular ongoing review of the reserves that are available and those which are required to fund future operations and mitigate any adverse conditions that may arise.

Structure, governance and management

The charitable company is a company limited by guarantee governed by Memorandum and Articles of Association dated 21st September 2005.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr S K Taylor
(Resigned 27 January 2025)
Mr K M Richardson
Mr J E Pickard
(Resigned 28 October 2025)
Mrs J E Pickard
(Resigned 28 October 2025)
Mr A O Curran
Mr M Ballard
(Resigned 27 January 2025)
Mr N Calver
(Appointed 27 January 2025)
Mr S R Webb
(Appointed 27 January 2025)
Mr S M Males
(Appointed 27 January 2025)
Recruitment and appointment of trustees

Trustees are appointed by other members of the Board.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

The charitable company has a management committee which meets quarterly. Members are the trustee directors, Office Representative, Drivers Representative, Drivers Trainer, Escorts Representative, Escort Trainer and Publicity & Promotions Officer.

This Report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.

The trustees' r eport was approved by the Board of Trustees.

Mr K M Richardson
Mr S M Males
Trustee
Company Secretary
26 January 2026
THE COMMBUS PROJECT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE COMMBUS PROJECT
- 3 -

I report to the trustees on my examination of the financial statements of The Commbus Project (the charitable company) for the year ended 30 September 2025.

Responsibilities and basis of report

As the trustees of the charitable 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 Companies Act 2006.

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

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 that in any material respect:

1

accounting records were not kept in respect of the charitable company as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements 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 financial statements 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 financial statements to be reached.

Philip John Dymond FCCA
Cheyettes Ltd
167 London Road
Leicester
LE2 1EG
Dated: 3 February 2026
THE COMMBUS PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
4,375
-
4,375
2,726
-
2,726
Charitable activities
4
14,010
29,824
43,834
15,674
29,825
45,499
Investments
5
7,918
-
7,918
4,714
-
4,714
Other income
6
18,492
-
18,492
11,031
-
11,031
Total income
44,795
29,824
74,619
34,145
29,825
63,970
Expenditure on:
Charitable activities
7
24,434
32,237
56,671
5,946
32,103
38,049
Total expenditure
24,434
32,237
56,671
5,946
32,103
38,049
Net income/(expenditure) and movement in funds
20,361
(2,413)
17,948
28,199
(2,278)
25,921
Reconciliation of funds:
Fund balances at 1 October 2024
285,053
9,868
294,921
256,854
12,146
269,000
Fund balances at 30 September 2025
305,414
7,455
312,869
285,053
9,868
294,921

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE COMMBUS PROJECT
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 5 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
12
132,707
61,747
Current assets
Debtors
13
3,496
3,269
Cash at bank and in hand
185,103
232,142
188,599
235,411
Creditors: amounts falling due within one year
14
(8,437)
(2,237)
Net current assets
180,162
233,174
Total assets less current liabilities
312,869
294,921
The funds of the charitable company
Restricted income funds
16
7,455
9,868
Unrestricted funds
17
305,414
285,053
312,869
294,921

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the trustees on 26 January 2026
Mr K M Richardson
Trustee
THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
1
Accounting policies
Charity information

The Commbus Project is a private company limited by guarantee incorporated in England and Wales. The registered office is The Manse, School Lane, Narborough, Leicester, LE19 2GS.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the charitable company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: 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)". The charitable company is a Public Benefit Entity as defined by FRS 102.

The charitable company has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.
1.4
Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 7 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
2% per month on a straight line basis
Motor vehicles
2.5% per month on a reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Critical accounting estimates and judgements

In the application of the charitable company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
2,095
1,349
Grants
2,280
1,377
4,375
2,726
THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 9 -
4
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Community transport
Services provided under contract
13,664
-
13,664
15,481
-
15,481
Performance related grants
-
29,824
29,824
-
29,825
29,825
Other income
346
-
346
193
-
193
14,010
29,824
43,834
15,674
29,825
45,499
Performance related grants analysis
Community transport
Community transport
2025
2024
£
£
Leicestershire County Council CPT grant
29,824
29,825
Other
-
-
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
7,918
4,714
6
Other income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Net gain on disposal of tangible fixed assets
18,492
11,031
THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 10 -
7
Expenditure on charitable activities
Community transport
Community transport
2025
2024
£
£
Direct costs
Depreciation and impairment
33,355
17,527
Vehicle running costs
14,432
12,496
Rent
3,158
2,650
Insurance
355
329
Travel expenses
609
626
Postage and stationery
677
556
Telephone
305
642
Independent examiner's fees
836
800
Sundry expenses
2,944
2,423
56,671
38,049
Analysis by fund
Unrestricted funds
24,434
5,946
Restricted funds
32,237
32,103
56,671
38,049
8
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
33,355
17,527
Profit on disposal of tangible fixed assets
(18,492)
(11,031)
9
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. Three trustees were reimbursed expenses in the sum of £853 for office, travel and vehicle costs incurred.

10
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 11 -
11
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

12
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 October 2024
1,153
121,187
122,340
Additions
-
111,573
111,573
Disposals
-
(53,638)
(53,638)
At 30 September 2025
1,153
179,122
180,275
Depreciation and impairment
At 1 October 2024
369
60,224
60,593
Depreciation charged in the year
277
33,078
33,355
Eliminated in respect of disposals
-
(46,380)
(46,380)
At 30 September 2025
646
46,922
47,568
Carrying amount
At 30 September 2025
507
132,200
132,707
At 30 September 2024
784
60,963
61,747
13
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
147
286
Other debtors
556
433
Prepayments and accrued income
2,793
2,550
3,496
3,269
14
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Deferred income
15
7,456
-
Trade creditors
145
297
Accruals
836
1,940
8,437
2,237
THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 12 -
15
Deferred income
2025
2024
£
£
Arising from local authority grant income received in advance
7,456
-

Deferred income is included in the financial statements as follows:

2025
2024
£
£
Deferred income is included within:
Current liabilities
7,456
-
Movements in the year:
Deferred income at 1 October 2024
-
-
Resources deferred in the year
7,456
-
Deferred income at 30 September 2025
7,456
-
16
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 October 2024
Incoming resources
Resources expended
At 30 September 2025
£
£
£
£
Leicestershire County Council CPT grant
9,868
29,824
(32,237)
7,455
Previous year:
At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
Leicestershire County Council CPT grant
12,146
29,825
(32,103)
9,868

This fund is to be used to provide minibus trips for:

- individual members of the public with mobility problems who are unable to use local bus services (including frail, elderly and physically disabled people, as well as those with less obvious disabilities);

- rurally isolated people who do not have any transport of their own.

THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 13 -
17
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October 2024
Incoming resources
Resources expended
At 30 September 2025
£
£
£
£
General funds
285,053
44,795
(24,434)
305,414
Previous year:
At 1 October 2023
Incoming resources
Resources expended
At 30 September 2024
£
£
£
£
General funds
256,854
34,145
(5,946)
285,053
18
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 30 September 2025:
Tangible assets
132,707
-
132,707
Current assets/(liabilities)
172,707
7,455
180,162
305,414
7,455
312,869
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 30 September 2024:
Tangible assets
61,747
-
61,747
Current assets/(liabilities)
223,306
9,868
233,174
285,053
9,868
294,921
THE COMMBUS PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 14 -
19
Operating lease commitments

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
2024
£
£
Within one year
703
703
20
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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