REGISTERED COMPANY NUMBER: 03865537 (England and Wales)

REGISTERED CHARITY NUMBER: 1078690

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

PEMBROKESHIRE VOLUNTARY TRANSPORT

Page

Report of the Trustees

1

to

7

Independent Examiner's Report

8

Statement of Financial Activities

9

Statement of Financial Position

10

to

11

Notes to the Financial Statements

12

to

19

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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

Chairman's Report

The Fflecsi Service continues to operate 2 minibuses in NW Pembrokeshire under a SLA between PVT and PCC. These buses cover a high mileage and are now becoming increasingly unreliable and costly to repair After numerous discussions taking place between PVT, PCC and TFW it has been advised that the vehicles will be replaced in the second quarter of 2026.

TFW will be moving towards a new Bus Franchising Model in 2026 with Southwest Wales being the first area (test bed) to move over to this system. This will include the Fflecsi service and PVT are in consultation with TFW, along with PCC, to see how this may be implemented, and whether it will be viable for a small Community Transport Operator such as PVT to bid for the franchise.

An issue came to light whereby the Fflecsi drivers had been receiving an 'additional holiday payment' in their pay which was from the original Fflecsi Trial Contract and covered variance in hours worked before the set hours contract was agreed. The trustees agreed that 3 months would be a reasonable period of notice to advise that this payment would cease. Tina Norman sent a written communication to the drivers explaining the issue and advising that the payment would cease on 30th September 2025 and there would be no re-claim by PVT of previous payments made.

An annual increase of 3.5 percent was agreed for PVT staff and with the Fflecsi drivers pay increasing to £13.05 per hour, an increase of 32p which brings them into line with the PCC Fflecsi drivers.

The My Travel Pass scheme has been adopted which enables cheap travel for younger people. The ticket machines have been updated on both Fflecsi buses and claimbacks will be processed on a monthly basis by Andrew Lloyd the Fflecsi Co-ordinator

The Memorandum of Understanding between PVT and RVS has been renewed with funding having been obtained by RVS from Pembrokeshire County Council to continue the RVS Country Cars Wheelchair Accessible Service for another year. PCC also grant PVT with a mileage allowance to help fund this service This partnership, where RVS supply the Volunteer Drivers and PVT supply the Wheelchair Accessible Vehicles and the Bookings Officer, continues to see a rise in demand and is greatly appreciated by the clients who use it. As with all organisations reliant on volunteers, it does present its challenges, but PVT have a core of highly committed RVS Volunteer Drivers and a Co-ordinator, who have enabled in excess of 70 bookings per month throughout the last year.

In April, Brian Hough, the Company Secretary / Treasurer suffered a serious illness and made the reluctant decision to retire from both positions. A retirement date of 31/08/2025 was agreed between Brian and the trustees, and an interim process put in place to cover both roles. Peter Parsons (Trustee) agreed to meet with Brian on a regular basis to understand the complexity of the financial processes developed by him over many years. It was agreed that a phased handover would be best with initially the invoicing for the separate business areas to be carried out by the relevant co-ordinators, Kellie Lowther and Andrew Lloyd, with payments out to be made by Mike Jones This would then release some of the pressure on Brian and enable him to carry on with updating the Quickbooks Accounting Package. It was agreed that the co-ordinators would be paid for any additional hours worked during this exercise

At this point it was decided that it would be an ideal opportunity to streamline the invoicing and payments processes by going to online banking, with all invoices sent electronically by email and incoming payments made direct into the company bank account. This process worked well with an improvement in cash flow and reduced costs for paper, ink and postage. This also produced an environmental benefit of reducing the companies carbon footprint thereby making it a more sustainable organisation. Access to Quickbooks and the company bank account were granted to the Co-ordinators and Mike Jones which helped build some resilience into the system instead of there being a single point of contact.

There was also a review of the Financial Authority Levels with clear guidelines agreed for when prior authorisation was required from the trustees for stepped levels of spending limits.

As part of this process Peter Parsons developed a Cash Flow Forecast which now breaks down income and costs into the 4 separate business areas and can be used to give a more in depth analysis for the Financial Reports to the bi-monthly Trustees Meetings. It can also be used to make more informed decisions on financial matters going forwards.

Brian was thanked by the trustees for his many years of dedicated service to PVT, and a small token of appreciation was presented to Brian and his wife Sue.

The Company Registered Office has now been changed to 45 High St, Haverfordwest, SA61 2BP which is the office of our accountants, Bevan and Buckland. All necessary parties have been informed.

In June, a replacement WAV NK21BHV, a VW Caddy automatic with an Automotive Group conversion, was supplied by PACTO on an SLA Free Lease Agreement and was funded by The Motability Foundation. This was a replacement for the vehicle WB19BXG previously supplied, and which for various reasons, was found to be unsuitable for the wide variety of wheelchairs encountered by PVT when operating the RVS Country Cars WAV Service. This is the first automatic vehicle to be added to the fleet and will be of great benefit to both the volunteer drivers, and also when a hirer would prefer, or is only licenced to drive, an automatic vehicle.

PACTO also supplied a new Peugeot Boxer Minibus RJ25AGU, again funded by The Motability Foundation, and on a Free Lease SLA, as a replacement for one of the older vehicles owned by PVT. At this point two of the older minibuses, 'Ruby and Stacey', were sold and the proceeds credited to the PVT account.

PVT continues to supply the quarterly information to the Transformation Team to enable their reporting back to the Motability Foundation.

With the steady growth of PVT it has become clear that the organisational structure may need reviewing to keep pace with ongoing governance and operational commitments. It was agreed to approach The Cranfield Trust who are a pro bono consultancy organisation specialising in charity work. From an initial conversation it was agreed that Peter Parsons would lead this process on behalf of PVT. The first stage of the process was to complete a 'Journey to Excellence' assessment which helped to identify the strengths and weaknesses within the organisation and identify gaps where improvements could be made. This then generated a base line score which could be used to measure any improvements made. A mentor was allocated by The Cranfield Trust and the initial framework was agreed. Unfortunately, due to numerous factors, including some senior staff absences, it was difficult to achieve the necessary timelines for the project and it was agreed that it should be shelved until 2026 when there may be more capacity. There are however a number of improvements already implemented, especially around the financial processes, which have helped to fill some of the gaps identified.

It was agreed that PVT should undergo a re-branding exercise which would help to promote the organisation and increase public awareness of 'who we are' and 'what we do' Kellie Lowther was asked to lead this project and has to date consulted with Web Adept to design a new logo and strap line with additional promotional materials. The new logo has been agreed by the trustees and the process is due to continue in Qtr 2 2026 with a launch and rebranding of the vehicles.

PVT has always had a harmonious working relationship with PACTO, in fact PVT instigated the inception of PACTO as an organisation in 2012. There have recently been many disagreements and divergence of values between the two organisations and, with Tina Norman being advised by the PVT Board in June to resign her position as a Trustee on the PACTO Board, there was no other PVT Trustee who wished to fill the vacancy. It was unanimously agreed by PVT Trustees to inform PACTO that we no longer wished to be a member of the organisation. Discussions continue on the vehicles supplied under the Free Lease SLAs.

An initial meeting took place between PVT and Dolen Teifi, who are a large Community Transport Organisation operating primarily in the Ceredigion and Carmarthenshire areas. A presentation was given by Rod Bowen to illustrate their business model and to compare notes on working practices between the two organisations. It was agreed that PVT would develop a closer working relationship with Dolen Teifi which would be mutually beneficial for both organisations. Further meetings were planned for 2026.

AGM

The AGM was held via TEAMS on 28th November 2025. Persons present were Tina Norman - Chair, Peter Scoble - Trustee, Naomi Rees - Trustee, Simon Jones - Trustee, Peter Parsons - Trustee, Kellie Lowther -Trustee, Mike Jones - Admin, Andrew Lloyd - Fflecsi Co-ordinator, Debbie Johnson - PCC, Rhys Richards - PCC, Margarate Vickery -Advisor.

Apologies

Simon Rickard RVS.

The minutes of the previous AGM were proposed as a true record by Kellie Lowther and seconded by Naomi Rees.

The Chairmans Report of the previous meeting were accepted and proposed by Peter Parsons and seconded by Kellie Lowther.

Election of Trustees.

Peter Scoble - proposed by Kellie Lowther - seconded by Naomi Rees. Agreed unanimously

Kellie Lowther - proposed by Naomi Rees - seconded by Peter Parsons. Agreed unanimously

Naomi Rees - proposed by Tina Norman - seconded by Simon Jones. Agreed unanimously

Simon Jones - proposed by Kellie Lowther - seconded by Naomi Rees. Agreed unanimously

Peter Parsons - proposed by Naomi Rees - seconded by Kellie Lowther. Agreed unanimously

Appointment of New Chair

Peter Parsons agreed to stand as interim chair on the proviso that a new chair was recruited externally.

Proposed by Tina Norman - seconded by Kellie Lowther. Agreed unanimously

Tina Norman tendered her official resignation as Chair. She thanked the trustees for giving her the opportunity to serve the organisation and related PVT to that of a tree. with many different branches which all required watering and nurturing.

Peter Parsons offered thanks to Tina for her years of service to PVT and also to Brian Hough who had recently retired due to ill health.

Approval of Independent Examiners

It was agreed to continue to use Bevan and Buckland who had been the Independent Examiners for PVT since it first came into being.

Application of Surplus

Peter Parsons suggested that the previous years surplus should be allocated to the rebranding exercise. This was proposed by Kellie Lowther and seconded by Naomi Rees.

Closing Statements

Peter Parsons laid out a broad agenda for the first three months of the new year and it was agreed that Tina Norman would remain in an advisory capacity along with Magarate Vickery, both having the benefit of many years of experience developing PVT from it's humble beginnings into the organisation that we see today.

Debbie Johnson also offered her thanks to Tina and Brian on behalf of PCC and said that she was looking forward to working with the new PVT Team going forward.

Objectives and aims

Pembrokeshire Voluntary Transport exists to provide relief to the inhabitants of Pembrokeshire and its environs, who have need because of age, mental or physical disability, or poverty, mothers with young children or people living in isolated areas where there is no public transport facilities and in particular but not so as to limit the generality of the foregoing:-

To provide and maintain non-profit community transport services, and

To assist the charitable work of organisations and bodies engaged in promoting the relief of such persons through the provision of appropriate services.

Public benefit

The Trustees have had due regard to Charity Commission guidance on Public Benefit and this annual report of PVT's activities clearly demonstrate that these objects are being fully met. We continue to provide both a range of community transport services in a number of ways to meet the needs of Pembrokeshire inhabitants identified in the objects, and to seek ways of providing similar services in new areas to meet the needs of other inhabitants.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

We continue with the provision of group transport services throughout Pembrokeshire.

Representation

PVT continues to represent the interest of community groups and individuals within the Pembrokeshire area, especially those who experience problems with normal transport facilities.

FINANCIAL REVIEW

Principal funding sources

Total funding received was £298,177 (2024 £311,218) and resources expended during the year amount to £308,033 (2024 £294,419) resulting in a deficit of £9,856 (2024 surplus of £16,799). Total funds held as at 31 December 2025 amount to £132,441 (2024 £142,297) of which £132,335 (2024 £142,172) is unrestricted and £106 (2024 £125) is restricted.

We rely on hire costs from our accessible Minibuses and Wheelchair Accessible Vehicles, as well as support from Pembrokeshire County Council's transport department for our North West Pembrokeshire Fflesci Service and for providing accessible vehicles to the Royal Voluntary Service Accessible Country Cars Service, and from the South West Wales Bus Service Support Grant, to keep our services running.

We aim to keep our costs and charges at an affordable and sustainable level.

Reserves policy

A reserves policy for the organisation has been formally agreed, in line with recommended practice of the Charity Commission. In current circumstances, the Board recognises the need to maintain adequate reserves for the organisation realised through sound management of available resources, making sensible provision for the future and to cover any deficit in funds for activities for which future funding may not be secured.

It is established that the general reserves take into account three months' overheads/running costs; provision against the risk of funding being reclaimed by funders; sufficient funds to cover any deficit in resources for restricted projects or core activities that may not be funded in future; sufficient working capital to finance cash flow shortfalls anticipated for any restricted project or programme and sufficient funds to build up a reserve to cover replacement of vehicles. The organisation's required level of reserves is £90,000. The level of reserves is calculated annually in order that the Board can establish an appropriate level of reserves for the coming year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document and constitutes an incorporated charity, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Management Committee members are elected individually at the Annual General Meeting. Only individual members of the company or persons nominated by organisations which are members may stand for election for the Management Committee.

Organisational structure

Mr P Parsons - Interim Chairperson

Mr P Scoble - Trustee

Mr M Jones - Admin

Mr S Jones - Trustee

Miss N Rees - Trustee

Mr A Lloyd - Fflesci Service Co-ordinator

Mrs K Lowther - Trustee / Wav Co-ordinator

Mr T Reynolds - Driver

Mr M James - Driver

Mr C Payne - Driver

Mr P Harvard - Driver

Mr D Mayled - Relief driver

Mr K James - Relief driver

Induction and training of new trustees

Trustees follow an induction programme as recommended by the Charity Commission. Trustees attend training courses provided by PAVS where appropriate.

Related parties

All those charged with governance (directors or trustees), key management personnel and any individual or entity that has control of the charity as well as their spouses, domestic partners and dependents are related parties. Related party transactions are detailed in Note 12.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03865537 (England and Wales)

Registered Charity number

1078690

Registered office

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

Trustees

P Scoble

Mrs T Norman (resigned 28.11.25)

S R Jones

Ms N Rees

P O Parsons

Ms K D Lowther

Mrs Y S Bowen (appointed 4.2.26)

Company Secretary

Independent Examiner

Alun Evans FCA

Bevan Buckland Ltd

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 19 April 2026 and signed on its behalf by:

P O Parsons - Trustee

Independent examiner's report to the trustees of Pembrokeshire Voluntary Transport ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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 Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts 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 accounts 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.

Alun Evans FCA

Bevan Buckland Ltd

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

19 April 2026

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

as restated

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,151

-

1,151

30,525

Charitable activities

Community Transport

64,642

-

64,642

63,741

Other trading activities

2

232,384

-

232,384

216,952

Total

298,177

-

298,177

311,218

EXPENDITURE ON

Raising funds

14,633

-

14,633

-

Charitable activities

Community Transport

293,381

19

293,400

294,419

Total

308,014

19

308,033

294,419

NET INCOME/(EXPENDITURE)

(9,837

)

(19

)

(9,856

)

16,799

RECONCILIATION OF FUNDS

Total funds brought forward

As previously reported

130,227

125

130,352

125,498

Prior year adjustment

7

11,945

-

11,945

-

As restated

142,172

125

142,297

125,498

TOTAL FUNDS CARRIED FORWARD

132,335

106

132,441

142,297

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

as restated

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

18,288

-

18,288

25,881

CURRENT ASSETS

Debtors

9

41,376

-

41,376

78,055

Cash at bank

82,209

106

82,315

53,863

123,585

106

123,691

131,918

CREDITORS

Amounts falling due within one year

10

(9,538

)

-

(9,538

)

(15,502

)

NET CURRENT ASSETS

114,047

106

114,153

116,416

TOTAL ASSETS LESS CURRENT LIABILITIES

132,335

106

132,441

142,297

NET ASSETS

132,335

106

132,441

142,297

FUNDS

11

Unrestricted funds

132,335

142,172

Restricted funds

106

125

TOTAL FUNDS

132,441

142,297

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 19 April 2026 and were signed on its behalf by:

P O Parsons - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 3.17(d);

•

the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

•

the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;

•

the requirement of paragraph 33.7.

Income

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached the the item (s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Where income has related expenditure (as with fundraising or contract income) the income and related expenditure are reported gross in the Statement of Financial activities.

Donations and grants are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the Charity is entitled to the funds, the income is deferred and not recognised until i t is probable that the that those conditions will be fulfilled in the reporting period.

Interest on deposits held is included when receivable and the amount can be measured reliably by the Charity which is normally upon notification of the interest paid or by the bank.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.

Support costs are made up of administration and management, finance costs and governance costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the Charity.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided to write off the cost less estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:

Plant and machinery

-

15% reducing balance

Motor vehicles

-

20% on cost

All fixed assets are held for continuing use in the charity's activities and are recorded at cost at the time of acquisition.

Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes.

Fund accounting

Unrestricted funds are incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

Designated funds are funds earmarked by the trustees for a particular purposes. They are not restricted and make up the unrestricted reserves.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Preparation of the accounts on a going concern basis

The trustees have considered the financial performance of the Charity for the foreseeable future, in particular, the next 12 to 18 months and are confident that the Charity is a going concern.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any discounts due. Accrued income is included at best estimate of the amounts receivable at the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand and demand deposits that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

Creditors

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.	OTHER TRADING ACTIVITIES

2025

2024

as restated

£

£

Live Kilometre Support Grant

15,181

16,191

PCC Dead mileage grant

11,518

11,945

Vehicle hire charge

205,685

176,910

Miscellaneous income

-

4

Fllecsi bus co-ordinator SLA

-

3,420

School bus service

-

8,482

232,384

216,952

3.	NET INCOME/(EXPENDITURE)

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

2025

2024

as restated

£

£

Depreciation - owned assets

7,593

7,625

Surplus on disposal of fixed assets

(8,500

)

-

Independent examiners fee (inc VAT)

2,387

2,274

4.	TRUSTEES' REMUNERATION AND BENEFITS

2025

2024

as restated

£

£

Trustees' salaries

20,900

6,758

Trustees' expenses

2025

2024

as restated

£

£

Trustees' expenses

382

371

Payments were made to two trustees to reimburse expenses incurred on behalf of the charity.

5.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2025

2024

as restated

Drivers

6

6

Company secretary

1

1

Project Co-ordinator

1

1

Minibus Co-ordinator

-

1

Accessible Cars Co-ordinator

1

1

9

10

No employees received emoluments in excess of £60,000.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

as restated

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

30,525

-

30,525

Charitable activities

Community Transport

63,741

-

63,741

Other trading activities

216,952

-

216,952

Total

311,218

-

311,218

EXPENDITURE ON

Charitable activities

Community Transport

294,396

23

294,419

NET INCOME/(EXPENDITURE)

16,822

(23

)

16,799

RECONCILIATION OF FUNDS

Total funds brought forward

125,350

148

125,498

TOTAL FUNDS CARRIED FORWARD

142,172

125

142,297

7.	PRIOR YEAR ADJUSTMENT

The prior period adjustment in the 2024 accounts is a result of an understatement of income and debtors in the prior year. Income was understated by £11,945..

8.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

12,374

60,240

72,614

Disposals

-

(23,245

)

(23,245

)

At 31 December 2025

12,374

36,995

49,369

DEPRECIATION

At 1 January 2025

11,090

35,643

46,733

Charge for year

194

7,399

7,593

Eliminated on disposal

-

(23,245

)

(23,245

)

At 31 December 2025

11,284

19,797

31,081

NET BOOK VALUE

At 31 December 2025

1,090

17,198

18,288

At 31 December 2024

1,284

24,597

25,881

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Incoming resources due

29,063

49,545

Other debtors

4,622

21,206

Prepayments and accrued income

7,691

7,304

41,376

78,055

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Suppliers invoices payable

3,117

2,946

Social security and other taxes

3,507

9,732

Other creditors

2,914

2,824

9,538

15,502

11.	MOVEMENT IN FUNDS

Prior

Net

year

movement

At

At 1.1.25

adjustment

in funds

31.12.25

£

£

£

£

Unrestricted funds

Pembrokeshire Voluntary Transport

130,227

11,945

(9,837

)

132,335

Restricted funds

SWWITCH

125

-

(19

)

106

TOTAL FUNDS

130,352

11,945

(9,856

)

132,441

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Pembrokeshire Voluntary Transport

298,177

(308,014

)

(9,837

)

Restricted funds

SWWITCH

-

(19

)

(19

)

TOTAL FUNDS

298,177

(308,033

)

(9,856

)

Comparatives for movement in funds

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

Pembrokeshire Voluntary Transport

125,350

16,822

142,172

Restricted funds

SWWITCH

148

(23

)

125

TOTAL FUNDS

125,498

16,799

142,297

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

Pembrokeshire Voluntary Transport

311,218

(294,396

)

16,822

Restricted funds

SWWITCH

-

(23

)

(23

)

TOTAL FUNDS

311,218

(294,419

)

16,799

A current year 12 months and prior year 12 months combined position is as follows:

Prior

Net

year

movement

At

At 1.1.24

adjustment

in funds

31.12.25

£

£

£

£

Unrestricted funds

Pembrokeshire Voluntary Transport

125,350

11,945

6,985

144,280

Restricted funds

SWWITCH

148

-

(42

)

106

TOTAL FUNDS

125,498

11,945

6,943

144,386