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Registered number:
Charity number:
(A Company Limited by Guarantee)
FOR THE YEAR ENDED 31 MARCH 2026
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
CONTENTS
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2026
Trustees
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Board of Trustees (the “Trustees”) present their report and accounts for the year ended 31 March 2026 which is also prepared to meet the requirements of the Companies Act 2006 to file a report and accounts in their capacity as directors. The report and accounts also comply with the Charities Act 2011, the Company’s Memorandum (the “Memorandum”) and Articles of Association and the provisions of the Statement of Recommended Practice (SORP) 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). Waverley Hoppa Community Transport (the “Company”) has a subsidiary Hoppa Limited (the “Subsidiary Company”) which together form a group (the “Group”) which is also referred to by a brand name “Hoppa” in pursuance of its charitable activities. The Trustees also report on and present audited financial statements of the Group.
Since the Company and the Group qualify as small under Section 383 of the Companies Act 2006 the Group Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.
Objectives and activities
a. Policies and objectives
Policies and objectives are defined in the Memorandum as refined by the advice of experts and approved by the Trustees.
b. Strategies for achieving objectives
c. Activities for achieving objectives
d. Main activities undertaken to further the charity's purposes for public benefit
The core activities of the Group are the provision of accessible door to door transport within the Borough of Waverley to anyone unable to utilise public services by reason of age, disability or remoteness of location (the “Customers”).
The Trustees have given full regard to the guidance of the Charity Commission on public benefit and are confident that while Customers clearly benefit individually from transportation there is a benefit to the wider public in terms of addressing rural isolation and promoting the wellbeing and social inclusion of Customers.
e. Management
The Company is managed by unpaid Board members, a small professional management team and a staff of employed drivers.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
Achievements and performance
a. Key financial performance indicators
The Trustees use two main financial indicators, the proportion of grant funding to total income and net income or expenditure generated.
Grant funding for the year represented 17% of income (2025: 18%). The Trustees continue to pursue a strategy of operating commercial routes to schools, day centres and local hospitals in addition to the core accessible door to door transport operation. In this way it has historically been possible to minimise the need for higher levels of public funding in order to achieve the objectives. In the year to 31 March 2026 the Group reported net expenditure before actuarial adjustments of £148,289 (2025: net income £107,079)
b. Review of activities
At the end of the year the Group reported a surplus of £134,031 (2025: £85,079). Day to day operations remained stable but were enhanced by the Group leaving the Surrey defined benefit pension scheme and recovery of the surplus from this. The core activities of the Group are the provision of demand responsive transport within the Borough of Waverley mainly assisting those with disabilities and the elderly who are unable to utilise public services by reason of remoteness or access difficulties. These priority services assist in reducing social exclusion among the disadvantaged and in the year to 31 March 2026 some 18,276 passenger trips were made (2025: 18,664). Other community support services include school runs which mainly involved children with Special Educational Needs and some health related transport contracts. A total of 54,936 passenger trips were made in these categories during the review period (2025: 55,140)
c. Investment policy and performance
Financial review
a. Going concern
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
Financial review (continued)
b. Financial risk management objectives and policies
As to grant funding the largest single amount comes from the Local Authority. The Group has a Service Level Agreement with the Local Authority providing certainty of income in exchange for quarterly performance reviews. Other grants are received from county, town and parish councils. The Group minimises any risks to these grants by maintaining regular contact with these stakeholders, updating them on our operational and financial situation. The Group operates twenty seven vehicles which are mostly minibuses with wheelchair access. The Trustees have set a target of maintaining an average vehicle life of between five and six years with no vehicle being older than twelve years. This implies a capital requirement of circa £100,000 each year to replace older vehicles. The funding for this vehicle replacement programme needs to be provided from net income, capital grants or other fundraising. Alternative options considered by the Trustees are debt financing and maintaining vehicles for longer albeit this is likely to result in greater repair and maintenance costs.
c. Financial results
At the balance sheet date of 31 March 2026 unrestricted funds of £639,751 (2025: £505,720) and restricted funds of £146,932 (2025: £151,932) were held.
d. Reserves policy
Each month the likely operating income and expenses, grants, donations and vehicle replacement requirements are reviewed with the objective of being able to continue the Primary Activities throughout a subsequent period of at least six months.
At 31 March 2026 Hoppa held free reserves totalling £236,500 (2025: £82,118).
e. Deficit
f. Principal funding
Local authority and government grants together with donations from parish councils and charitable institutions contribute 17% of funding (2025: 18%) with the balance being generated by operating income. The reliance on grant income continues to reduce in the long term as a result of a deliberate strategy by the Trustees.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
Structure, governance and management
a. Constitution
The Company is registered as a charitable company limited by guarantee with a Memorandum dated 9 December 2003. The Company was formed in succession to Waverley Community Transport and assumed all that company’s assets and liabilities with effect from 31 March 2004.
The principal objectives of the Company, which have not been amended during the review period, are to provide relief to the inhabitants of the Borough of Waverley in Surrey whose access to transport is affected by age, mental or physical disability, poverty or rural isolation, and in particular to provide and maintain non profit making community transport services and to assist the charitable work of organisations and bodies engaged in promoting relief of such persons through the provision of appropriate services. The objectives have not been amended during the year.
b. Methods of appointment or election of trustees
c. Policies adopted for the induction and training of trustees
d. Pay policy for senior staff
e. Organisational structure and decision making
f. Related party relationships
g. Financial risk management
The Trustees have assessed the major risks to which the Company and the Group are exposed, in particular those related to the operations and finances of the Company and the Group. The Trustees are satisfied that systems and procedures are in place to mitigate exposure to major risks.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
Plans for future periods
Members' liability
The Members of the Company guarantee to contribute an amount not exceeding £10 to the assets of the Company in the event of winding up taking place.
Small Company Provisions
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Statement of Trustees' responsibilities
Disclosure of information to auditor
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
∙so far as that Trustee is aware, there is no relevant audit information of which the charitable Group's auditor is unaware, and
∙that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable Group's auditor is aware of that information.
Approved by order of the members of the board of Trustees and signed on their behalf by:
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WAVERLEY HOPPA COMMUNITY TRANSPORT
We have audited the financial statements of Waverley Hoppa Community Transport (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WAVERLEY HOPPA COMMUNITY TRANSPORT (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
∙the Trustees' Report has been prepared in accordance with applicable legal requirements.
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
∙the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or
∙the parent charitable company financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of Trustees' remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit; or
∙the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WAVERLEY HOPPA COMMUNITY TRANSPORT (CONTINUED)
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the Group and parent charitable company and the industry in which they operate, and considered the risk of acts by the Group and parent charitable company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, the Charities Act 2011 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the Trustees that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WAVERLEY HOPPA COMMUNITY TRANSPORT (CONTINUED)
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's 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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2026
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04989679
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2026
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04989679
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04989679
COMPANY BALANCE SHEET
AS AT 31 MARCH 2026
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04989679
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
The Company's net movement in funds for the year was £
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2026
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Waverley Hoppa Community Transport is a private company limited by guarantee, incorporated in England. The registered office address is Unit 8 Towergate Business Centre, Coopers Place, Combe Lane, Wormley, Godalming, Surrey, GU8 5SZ. The registered company number is 04989679.
2.Accounting policies
The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements.
The Company reported a surplus for the year of £107k before actuarial gains.
The Trustees believe that their growth strategies – particularly in providing transport services for the NHS - will ensure that the Company continues to be a going concern at present. However they also acknowledge that there are longer term issues that will have an impact, including: financial pressures on local council funding and the continual requirement to refresh the ageing fleet of vehicles. The introduction of electric vehicles to the fleet has also involved significant initial expenditure, and could not have been achieved without capital grant support.
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Incoming resources from charitable activities are recognised when the service has been provided.
Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives,
Depreciation is provided on the following bases:
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Group. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Consolidated Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2.Accounting policies (continued)
The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.
The Group operated a defined benefits pension scheme until 31 March 2025. The Group formally left the scheme on 19 May 2025.
The liability recognised on the balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the reporting date less the fair value of the plan assets at the reporting date.
The defined benefit obligation was previously calculated using the projected unit credit method. Annually the Company engaged independent actuaries to calculate the obligation. The present value was determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating the estimated period of future payments. Now that the Group has left the scheme no funding calculations are needed.
The fair value of plan assets was measured in accordance with the FRS 102 fair value hierarchy in the previous period.
The Company is part of a group VAT registration with Hoppa Limited. Waverley Hoppa Community Transport is the nominated company, responsible for submitting the returns and for making the payments on behalf of the companies in the group VAT registration.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
Useful economic lives of tangible assets
The annual depreciation charge is sensitive to changes in the economic lives and residual values of the assets. Defined benefit pension scheme The Company had obligations to pay pension benefits to certain employees. The cost of these benefits and the present value of the obligation depend on a number of factors, including life expectancy, asset valuations and the discount rate on corporate bonds. Management engaged professional services to assist in estimating these factors in determining the net present asset or obligation in the balance sheet. The assumptions reflect historical experience and current trends, but are sensitive to changes. There was uncertainty about whether to recognise any surplus on the scheme. The Company left the scheme in May 2025, recognising the surplus recovered in these accounts and no further uncertainty remains. Restricted cost recognition The Company applies judgement in the recognition of restricted expenditure and bases this on mileage by route, but other methods of calculating the split could achieve a different outcome.
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
5.Income from charitable activities (continued)
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
7.Investment income (continued)
Page 25
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 26
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 27
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
12.Analysis of expenditure by activities (continued)
Page 28
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
12.Analysis of expenditure by activities (continued)
Page 29
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
12.Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
Page 30
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 31
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 32
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
16.Tangible fixed assets (continued)
Page 33
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The following was a subsidiary undertaking of the Company:
The financial results of the subsidiary for the year were:
Page 34
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The net obligations under finance leases and hire purchase contracts are secured over the leased assets.
Page 35
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 36
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 37
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 38
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 39
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 40
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £22,110 (2025 - £24,927). Employee and employer contributions totalling £2,741 (2025 - £3,412) were payable to the fund at the balance sheet date and are included in creditors.
The charity participated in a multi-employer defined benefits pension scheme, Surrey County Council's Occupational Pension Scheme. The charity left the scheme on 19 May 2025. The contributions paid during the year were £3,483 (2025 - £39,529). Contributions totalling £nil were payable to the fund (2025 - £3,610) at the balance sheet date and are included in creditors. On exiting the defined benefit pension scheme the charity received £282,120.
Each member of the charitable company undertakes to contribute to the assets of the Company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.
Page 41
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WAVERLEY HOPPA COMMUNITY TRANSPORT
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Page 42
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