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|---|---|---|---|
|Trustees||Ms M Clare||
|||Mr G Brookes||
|||Mrs E C Boycott||
|||Ms RWard||
|Secretary||Ms M Clare||
|Charity number||1044133||
|Company|number|02794243||
|Registered|office|The Old Dairy||
|||Pelsall Lane||
|||Little Bloxwich||
|||Walsall||
|||West Midlands||
|||WS3 3DH||
|Auditor||Edwards||
|||34 High Street||
|||Aldridge||
|||Walsall||
|||West Midlands||
|||WS9 8LZ||
|Solicitors||Enoch Evans|LLP|
|||St Paul's Chambers||
|||6-9 Hatherton|Road|
|||Walsall||
|||West Midlands||
|||WS1 1XS||
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|||Page|
|---|---|---|
|Trustees'
report||1-4|
|Statement ofTrustees'|responsibilities||
|Independent
auditor's|report|6-8|
|Statement
offinancial|activities||
|Balance sheet||10|
|Statement ofcash flows|||
|Notes to the financial|statements|12-21|
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||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
|||Notes|F||
|Income and endowments|from:||||
|Donations
and legacies|||118,296|75,831|
|Charitable
activities|||895,167|800,463|
|Other income|||244,912|467,827|
|Total income|||1,258,375|1,344,121|
|Charitable
activities|||1,252,289|1,192,296|
|Other expenditure|||(2,128)|1,785|
|Total expenditure|||1,250,161|1,194,081|
|Net income and movement|in funds||8,214|150,040|
|Reconciliation
offunds:|||||
|Fund balances at 1 April 2022|||190,546|40,506|
|Fund balances at 31 March 2023|||198,760|190,546|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|||f||
|Fixed assets|||||||||
|Tangible assets||||12||250,458||208,344|
|Current assets|||||||||
|Debtors||||13|144,871||102,291||
|Cash at bank and|in|hand|||26,515||80,932||
||||||171,386||183,223||
|Creditors: amounts||falling due within||14|||||
|one year|||||187,161||121,358||
|Net current (liabilities)/assets||||||(15,775)||61,865|
|Total assets less|current||liabilities|||234,683||270,209|
|Creditors: amounts||falling due after|||||||
|more than one year||||15||(35,923)||(79,663)|
|Net assets||||||198,760||190,546|
|The funds ofthe|Charity||||||||
|Unrestricted
funds||||||198,760||190,546|
|||||||198,760||190,546|
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||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Notes|E||f||
|Cash flows from operating||activities|||||||
|Cash generated
from operations||||22||76,664||154,893|
|Investing|activities||||||||
|Purchase|oftangible fixed assets||||(90,801)||(77,706)||
|Proceeds|from disposal oftangible||fixed||||||
|assets|||||3,500||4,917||
|Net cash|used in investing|activities||||(87,301)||(72,789)|
|Financing|activities||||||||
|Repayment
of bank loans|||||(10,000)||(8,333)||
|Payment|ofobligations
under finance leases||||(33,780)||(7,530)||
|Net cash|used in financing|activities||||(43,780)||(15,863)|
|Net (decrease)/increase
in||cash|and cash||||||
|equivalents||||||(54,417)||66,241|
|Cash and|cash equivalents|at beginning||ofyear||80,932||14,691|
|Cash and|cash equivalents|at end of||year||26,515||80,932|
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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022|
|CBSSG -|WMCA|||11,613|13,863|
|Voluntary|sector project funding|||67,070|38,613|
|WMCA- Let's Chat Project Funding||||39,613||
|Covid support
funding|||||23,355|
|||||118,296|75,831|
|Income from charitable|||activities|||
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2023f|2022
f|
|Activiites|for generating||funds|||
|Contract use including||SLA||231,004|238,870|
|Shoppers|SLA|||24,772|23,503|
|Local bus|service support||funding|502,200|438,989|
|Direct payments||||137,191|99,101|
|||||895,167|800,463|
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|Other income||||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||2023|2022f|
|Other charitable|income|||
|Commercial
passenger
usage||14,078|10,600|
|Local bus service|fare income|34,900|27,506|
|Bus service operations
grant||9,781|14,732|
|Concessionary
fares scheme||156,130|155,029|
|Non contract income||26,351|256,936|
|Driver awareness|MIDAS|1,015|1,375|
|Shopping
bus and|other income|2,657|1,649|
|||244,912|467,827|
##
|Charitable
activities||||||
|---|---|---|---|---|---|
|||Community|Depreciation|Total|Total|
|||transportf||2023f|2022f|
|Staff costs||682,986||682,986|647,767|
|Depreciation
and impairment|||47,315|47,315|46,851|
|Vehicle and fuel costs||404,635||404,635|400,687|
|Cleaning costs||2,573||2,573|5,006|
|Volunteer expenses||1,097||1,097|1,230|
|Uniform costs||52||52|3,430|
|Rent, rates and insurance||39,414||39,414|36,506|
|Light and heat||6,369||6,369|5,047|
|Repairs and renewals||12,364||12,364|11,432|
|Printing,
stationery
and|advertising|2,968||2,968|1,259|
|Telephone
and postage||5,358||5,358|4,236|
|HP interest and charges||8,049||8,049|7,807|
|Staff recruitment
and training||2,726||2,726|998|
|Legal and professional|fees|20,470||20,470|2,504|
|Audit and accountancy|fees|7,565||7,565|5,945|
|Bank charges, interest and loan interest||2,088||2,088|4,739|
|Office sundries||6,260||6,260|6,852|
|||1,204,974|47,315|1,252,289|1,192,296|
|Analysis
by fund||||||
|Unrestricted
funds||1,204,974|47,315|1,252,289||
|For the year ended 31 March 2022||||||
|Unrestricted
funds||1,145,445|46,851||1,192,296|
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|7|Net movement
in funds||2023f|2022
F|
|---|---|---|---|---|
||Net movement
in funds is stated|after charging/(crediting)|||
||Depreciation
ofowned tangible|fixed assets|47,315|46,851|
||(Profit)/loss
on disposal oftangible
fixed assets||(2,128)|1,785|
|8|Auditor's
remuneration||||
||Fees payable to the Charity's|auditor|2023|2022|
|||||f|
||Audit ofthe Charity's
annual
accounts||4,500|3,150|
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||Number|Number|
|Staff|||||||40|39|
|Employment|costs||||||2023f|2022
F|
|Wages and salaries|||||||633,306|602,338|
|Social security|costs||||||36,146|33,766|
|Other pension|costs||||||13,534|11,663|
||||||||682,986|647,767|
|There were no employees||whose annual||remuneration||was more than f60,000.|||
|Remuneration|ofkey management||personnel||||||
|The remuneration
of key||management|personnel||is as|follows.|||
||||||||2023f|2022|
|Aggregate
co|mpensation||||||57,352|43,466|
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|Tangible|fix|ed asset|s|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Leasehold|Plant and|Fixtures,|Computer|Motor|Total|
|||||property|machinery|fittings and|equipment|vehicles||
|||||improvements||equipment||||
|||||||f||||
|Cost||||||||||
|At 1 April|2022|||27,927|17,225|30,434|20,680|826,067|922,333|
|Additions||||||693|108|90,000|90,801|
|Disposals||||||||(52,000)|(52,000)|
|At 31 March||2023||27,927|17,225|31,127|20,788|864,067|961,134|
|Depreciation||and||||||||
|impairment||||||||||
|At 1 April|2022|||26,574|12,084|27,102|19,028|629,201|713,989|
|Depreciation||charged|in the|||||||
|year||||502|1,286|563|433|44,531|47,315|
|Eliminated|in|respect|of|||||||
|disposals||||||||(50,628)|(50,628)|
|At 31 March||2023||27,076|13,370|27,665|19,461|623,104|710,676|
|Carrying|amount|||||||||
|At 31 March||2023||851|3,855|3,462|1,327|240,963|250,458|
|At 31 March||2022||1,353|5,141|3,332|1,652|196,866|208,344|
##
|Debtors|Debtors|||
|---|---|---|---|
|Amounts
falling due within one year:||2023f|2022f|
|Trade debtors||59,826|57,313|
|Other debtors||72,458|36,157|
|Prepayments|and accrued income|12,587|8,821|
|||144,871|102,291|
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|14|Creditors:|amounts|falling due within one year||||
|---|---|---|---|---|---|---|
|||||Notes|2023f|2022|
||Bank loans|||16|9,960|10,000|
||Obligations|under finance leases||17|33,784|33,784|
||Other taxation and social security||||8,661|8,590|
||Trade creditors||||102,981|60,324|
||Other creditors||||2,100|2,202|
||Accruals and deferred||income||29,675|6,458|
||||||187,161|121,358|
|15|Creditors:|amounts|falling due after more than one year||||
|||||Notes|2023f|2022|
||Bank loans|||16|21,707|31,667|
||Obligations|under finance leases||17|14,216|47,996|
||||||35,923|79,663|
|16|Loans and|overdrafts|||||
||||||2023
f.|2022f|
||Bank loans||||31,667|41,667|
||Payable
within one year||||9,960|10,000|
||Payable after one year||||21,707|31,667|
||||||31,667|41,667|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
||||||E||
|Within|one|year|||33,784|33,784|
|Within|two|and|five|years|14,216|47,996|
||||||48,000|81,780|
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|non-cancellable
operating
leases, which fall due as follow|s:||
|---|---|---|
||2023|2022|
||K|f|
|Within one year|32,000|31,000|
|Between two and five years|96,000|124,000|
||128,000|155,000|
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|22|Cash generated
from|Cash generated
from|Cash generated
from|operations||2023|2022|
|---|---|---|---|---|---|---|---|
||Surplus for||the year|||8,214|150,040|
||Adjustments||for:|||||
||(Gain)/loss||on disposal|oftangible fixed|assets|(2,128)|1,785|
||Depreciation||and impairment
oftangible||fixed assets|47,315|46,851|
||Movements||in working|capital:||||
||(Increase)|in debtors||||(42,580)|(54,494)|
||Increase
in||creditors|||65,843|10,711|
||Cash generated
from|||operations||76,664|154,893|
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|23|Analysis ofchanges
in net (debt)/funds|Analysis ofchanges
in net (debt)/funds||||
|---|---|---|---|---|---|
||||At 1April 2022|Cash flowsAt 31 March 2023||
||||f|F|f|
||Cash at bank and|in hand|80,932|(54,417)|26,515|
||Loans falling due|within one year|(10,000)|40|(9,960)|
||Loans falling due|after more than one year|(31,667)|9,960|(21,707)|
||Obligations
under|finance leases|(81,780)|33,780|(48,000)|
||||(42,515)|(10,637)|(53,152)|