 |
|
|
|
|
|
|
|
||||||||
|
Congresbury Community Transport |
|||||||||||||||
|
Registered Charity No: 1094856 |
|||||||||||||||
|
|||||||||||||||
|
Links |
|||||||||||||||
 |
|||||||||||||||
|
|
|
 |
||
|
Last updated 3 December 2006 |
||
|
Financial Management Congresbury Community Transport Board of Trustees has agreed to keep two forms of annual account to conform to the requirements of the Charity Commission.
Revenue Account: This shows both “income” from hire and mileage charges and “expenditure” on all running costs, including admin, but excluding driver training costs.
It is the intention of the trustees that hire fees and mileage charges will be set at such values that, together with fuel rebates etc., running costs will be fully met, with a small net annual profit to be transferred to the Capital Account.
Capital Account: This shows Capital “income” from all donations, from individuals, groups and organisations as well as Capital “expenditure”.
Capital “income” includes funds raised through “quiz nights” at local pubs, evening social events at the village fete, through grants from the Parish Council, North Somerset Council, through donations from local individuals and businesses, and from other local and national donations.
Capital “expenditure” includes purchase of any additional facilities, expenditure incurred or required as part of fund raising, and all costs of “driver training”.
Following discussions by the Board of Trustees in September 2004, a projected time scale of 8 years for the replacement of Bluey II was agreed.
The present Board of Trustees is determined to ensure that sound financial management will continue and is determined to ensure that “Capital Account” does not subsidise the “Revenue Account”. If such a subsidy becomes necessary, it will require a two third majority vote on an agenda resolution at an AGM or EGM.
NB The treasurer’s annual financial statements for the previous three financial years are available on request. |
||