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Community Transport South West Ltd

Registered charity 1118417 · accounts filings on the Charity Commission register · also known as Community Transport (South West) Limited, SOUTH SOMERSET ASSOCIATION FOR VOLUNTARY AND COMMUNITY ACTION LIMITED

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Latest income
£1.0m
Latest spending
£982k
Registered
2007
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated a surplus of £31,138 for the year ended 31 December 2024, with total incoming resources of £1,013,274 and charitable expenditure of £982,136. Per the trustees' report, free unrestricted reserves stood at £175,093, which is below the stated policy target of approximately £249,000, though the trustees aim to build reserves to this level over the next three years.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Free reserves at the end of the year were £175,093 (2023 - £143,955). It is the aim of the trustees that this reserves level will be built to the desired amount over the course of the next 3 years.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Albert Goodman LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.0m
Total spending
£982k
Reserves (reported)
£175k
Employees
51

Reported reserves equal ~2.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Somerset

Income and spending

Financial year endIncomeSpending
31/12/2024£1.0m£982k
31/12/2023£925k£937k
31/12/2022£836k£857k
31/12/2021£733k£741k
31/12/2020£633k£603k

Common questions

Is Community Transport South West Ltd financially healthy?

The accounts state that the charity generated a surplus of £31,138 for the year ended 31 December 2024, with total incoming resources of £1,013,274 and charitable expenditure of £982,136. Per the trustees' report, free unrestricted reserves stood at £175,093, which is below the stated policy target of approximately £249,000, though the trustees aim to build reserves to this level over the next three years. Its FY2024 accounts were audited by Albert Goodman LLP.