2021-03-31-accounts

Reports
Referenceandadministrativeinformation	1
ReportoftheManagementCommittee	2
Independentauditor'sreport	10
Financialstatements
Statementoffinancialactivities	15
Balancesheet	17
Statementofcashflows	18
Principalaccountingpolicies	19
Notestothefinancialstatements	23

MembersoftheManagementCommittee	DrSabirBham(ActingChair)
	MrAndrewJazaerli
	MrPaulLeslie
	MrRichardMundy(Treasurer)
	MrDavidWilliams
	MissLornaWisdom
CompanySecretaryandDirector	HelenTredoux
Registeredoffice	LowHallDepot
	ArgallAvenue
	London
	E107AS
Telephone	02085210665
Email	info(@,ctwf.co.uk
Website	www.communitytransportwf.co.uk
Companyregisterednumber	03073284(EnglandandWales)
Charityregisterednumber	1048701(EnglandandWales)
Auditor	BuzzacottLLP
	130WoodStreet
	London
	EC2V6DL
Bankers	Co-OperativeBank
	POBox101
	1BalloonStreet
	Manchester
	M604EP

15 October 2021

		Unrestricted			Total	Total
		general	Designated	Restricted	funds	funds
		funds	funds	funds	2021	2020
	Notes	£	£	£	£	£
Incomeandexpenditure
Incomefrom:
Grantsanddonations	3	147,029		162,500	309,529	48,805
Investments		388		-	388	495
Charitableactivities	4	756,165		-	756,165	1,251,402
Disposaloffixedassets		11,177		-	11,177	2,750
Totalincome		914,759	-	162,500	1,077,259	1,303,452
Expenditureon:
Charitableactivities		705,513		209,745	915,258	1,176,551
Totalexpenditure	5	705,513		209,745	915,258	1,176,551
Netincome		209,246	—	(47,245)	162,001	126,901
Transfers	12	(46,600)	46,600	—	—	—
Netmovementinfunds	13	162,646	46,600	(47,245)	162,001	126,901
Fundsbroughtforward1April2020	10	287,339	145,000	67,969	500,308	373,407
Fundscarriedforwardat31March	2021	449,985	191,600	20,724	662,309	500,308

	Notes	2021	2021	2020	2020
			£		£
Fixedassets
Tangibleassets	7		246,769		154,468
Currentassets
Debtorsandpre-payments	8	128,204		186,906
Cashatbankandinhand		325,829		267,933
		454,033		454,839
Currentliabilities
Creditorsandaccruedexpenses	9	(38,493)		(108,999)
Netcurrentassets			415,540		345,840
Totalnetassets			662,309		500,308
Thefundsofthecharity:
Fundsandreserves
Unrestricted
.General			449,985		287,339
.Designated	11		191,600		145,000
Restrictedfunds	10		20,724		67,969
			662,309		500,308

	Notes	2021	2021	2020	2020
		£	£	£	£
Fixedassets
Tangibleassets	7		246,769		154,468
Currentassets
Debtorsandpre-payments	8	128,204		186,906
LoantoEastCTCIC	15	55,250		5,250
Cashatbankandinhand		269,941		261,930
		453,395		454,086
Currentliabilities
Creditorsandaccruedexpenses	9	(37,739)		(108,246)
Netcurrentassets			415,656		345,840
Totalnetassets			662,425		500,308
Thefundsofthecharity:
Fundsandreserves
Unrestricted
.General			450,101		287,339
.Designated	10		191,600		145,000
Restrictedfunds	11		20,724		67,969
			662,425		500,308

			2021	2020
		Notes	£	£
	Cashflowsfromoperatingactivities:
	Netcashprovidedbyoperatingactivities	A	170,984	208,731
	Cashflowsfrominvestingactivities:
	Proceedsfromthedisposaloftangiblefixedassets		11,177	2,750
	Purchaseoftangiblefixedassets		(124,265)	(165,374)
	Netcashusedininvestingactivities		(113,088)	(162,624)
	Changeincashandcashequivalentsintheyear		57,896	46,107
	Cashandcashequivalentsat1April2020	B	267,933	221,826
	Cashandcashequivalentsat31March2021	B	325,829	267,933
	Notestothestatementofcashflowsfortheyearto31March2021.
A	Reconciliationofnetmovementinfundstonetcashprovidedbyoperatingactivities
			2021	2020
			£	£
	Netmovementinfunds(asperthestatementoffinancialactivities)		162,001	126,901
	Adjustmentsfor:
	Depreciationcharge		31,964	26,606
	Surplusondisposaloftangiblefixedassets		(11,177)	(2,750)
	Decreaseindebtors		58,702	14,468
	(Decrease)increaseincreditors		(70,506)	43,506
	Netcashprovidedbyoperatingactivities		170,984	208,731
B	Analysisofcashandcashequivalents
			2021	2020
			£	£
	Cashatbankandinhand		325,829	267,933
	Totalcashandcashequivalents		325,829	267,933

	Unrestricted	Restricted
	funds	funds	2021
	£	£	£
DepartmentforTransport,BusServiceOperators	13,203	-	13,203
BigLottery(Social EnterpriseSupportFund)	—	48,500	48,500
Souter	—	1,000	1,000
PowertoChange(BusinessDevelopmentSupport)		8,000	8,000
PowertoChange(EmergencyIncomeSupport)	—	30,000	30,000
PowertoChange(RecoveryFund)	—	75,000	75,000
HMRC(JobRetention)	133,766	-	133,766
Donations	60	-	60
2021Totalfunds	147,029	162,500	309,529

	Unrestricted	Restricted
	funds	funds	2020
	£	£	£
DepartmentforTransport,BusServiceOperators	19,462	-	19,462
PowertoChange	—	15,000	15,000
CommunityLinks	-	2,920	2,920
Peoples'PostcodeLottery	—	10,400	10,400
Donations	1,023	-	1,023
2020Totalfunds	20,485	28,320	48,805

	Unrestricted	Restricted
	funds	funds	2021
	£	£
Committedbookingsfeesandfares	723,055	-	723,055
Membershipfees(netofVAT)	100	-	100
Communityvehicleuse	29,605	-	29,605
Trainingtothirdparties	3,405	-	3,405
2021Totalfunds	756,165		756,165

	Unrestricted	Restricted
	funds	funds	2020
	£	£	£
Committedbookingsfeesandfares	908,647	46,000	954,647
Membershipfees(netofVAT)	2,500	—	2,500
Communityvehicleuse	281,777	-	281,777
Trainingtothirdparties	12,478	-	12,478
2020Totalfunds	1,205,402	46,000	1,251,402

						Total
	Committed	Casual	Driving		Gover-	funds
	Bookings	Bookings	School	EastCT	nance	2021
	£	£	£	£	£	£
Costsdirectlyallocated
toactivities
.Staff	192,124	8,257	1,007			201,388
.Vehicles	248,300	10,671	1,301	—	—	260,272
.Auditfee	—	—	—		5,350	5,350
.Statutory			—	—	168	168
.Medical	—			—	—	—
.Marketing	—	—	—	—	—	—
.Consultancy	11,329	487	59	12,000	-	23,875
.DrivingSchool	—	—	3,481	-		3,481
Supportcostallocated
toactivities
.Staff	341,886	14,693	1,792	-	-	358,371
.Premises	11,925	513	63	-	-	12,501
.Officerunningcosts	26,211	1,126	137	800	3,654	31,928
.Contractedout	—	—	—	—	—	—
.Othersupportcosts	17,099	735	90	-	-	17,924
Totalfunds	848,874	36,482	7,930	12,800	9,172	915,258

	Charitableactivities	Charitableactivities	Charitableactivities
						Total
	Committed	Casual	Driving		Gover-	funds
	Bookings	Bookings	School	EastCT	nance	2020
	£	£	£	£	£	£
Costsdirectlyallocatedto
activities
.Staff	171,078	50,607	2,239	—	—	223,924
.Vehicles	260,884	77,172	3,415	-	-	341,471
.Auditfee	—	—	—		1,880	1,880
.Statutory			—	—	279	279
.Medical	—	—	—	—	210	210
.Marketing	—	3,156	-	-	-	3,156
.Consultancy	3,744	1,107	49	12,000	—	16,900
.DrivingSchool	—	—	3,134	-	-	3,134
Supportcostallocatedto
activities
.Staff	301,328	89,136	3,944	-		394,408
.Premises	9,550	2,825	125	-	-	12,500
.Officerunningcosts	26,984	7,982	353	-	3,828	39,147
.Contractedout	120,501	-	-	-	-	120,501
.Othersupportcosts	14,548	4,303	190	-	-	19,041
Totalfunds	908,617	236,288	13,449	12,000	6,197	1,176,551

				Total
	Unrestricted	Restricted	Designated	funds
	funds	funds	funds	2020
Expenditure	£	£	£	£
Charitableactivities	1,160,164	16,387		1,176,551
Totalexpenditure	1,160,164	16,387		1,176,551

	2021	2020
	£	£
Wagesandsalaries	509,480	557,498
Socialsecuritycosts	34,201	39,055
	543,681	596,553
Otherstaffcosts	16,077	21,779
	559,758	618,332

Staffcostsandemoluments(continued)
	2021	2020
	No.	No.
Averagenumberofemployees(FTE)	21	25
	2021	2020
	No.	No.
Averagenumberofemployees(headcountbasis)	35	37

Tangibleassets
	Vehicles
Groupandcharity	£
Cost
At1April2020	332,040
Additions	124,265
Disposals	(51,500)
At31March2021	404,805
Depreciation
At1April2020	177,572
Disposals	(51,500)
Annualcharge	31,964
At31March2021	158,036
Netbookvalue
At31March2021	246,769
At31March2020	154,468

Debtors
	Group		Charity
	2021	2020	2021	2020
	£	£	£	£
Tradedebtors	27,068	103,460	27,068	103,460
Otherdebtors	25,500	8,500	25,500	8,500
AccruedIncome	42,597	46,325	42,597	46,325
Prepayments	19,938	15,281	19,938	15,281
VATrecoverable	13,101	13,340	13,101	13,340
	128,204	186,906	128,204	186,906

9	Creditorsandaccruedexpenses,amountfallingduewithinone	Creditorsandaccruedexpenses,amountfallingduewithinone	Creditorsandaccruedexpenses,amountfallingduewithinone	year
		Group		Charity
		2021	2020	2021	2020
		£	£	£	£
	Tradecreditors	17,015	33,521	17,015	33,521
	Accruals	5,000	13,847	4,905	13,726
	Incomeinadvance	—	46,000	-	46,000
	Othercreditors	659	632	-	-
	SocialSecurityandothertaxes	10,307	9,487	10,307	9,487
	Pensions	5,197	5,197	5,197	5,197
	Payrollcreditor	315	315	315	315
		38,493	108,999	37,739	108,246

Restrictedfunds
		Asat			Asat
		1April			31March
		2020	Income	Expenditure	2021
Groupandcharity		£	£	£	£
WalthamstowandChingfordAlmshouses		8,649	-	-	8,649
PeoplesPostcodeLottery		10,400	-	(2,245)	8,155
CommunityLinks		2,920	-	-	2,920
LBWalthamForest		46,000	-	(46,000)	—
PowertoChange(BusinessDevelopment)		—	8,000	(8,000)
PowertoChange(Emergency	Income)	—	30,000	(30,000)	—
PowertoChange(Recovery)			75,000	(75,000)	-
Souter		—	1,000	-	1,000
BigLottery		—	48,500	(48,500)
		67,969	162,500	(209,745)	20,724
	Asat				Asat
	1April				31March
	2019	Income	Expenditure	Transfers	2020
Groupandcharity	£	£	£	£	£
WalthamstowandChingford	10,036		(1,387)		8,649
Almshouses
PowertoChange	69,114	15,000	(15,000)	(69,114)	-
PeoplesPostcodeLottery		10,400	-	-	10,400
CommunityLinks		2,920		-	2,920
LBWalthamForest		46,000	-	-	46,000
	79,150	74,320	(16,387)	(69,114)	67,969

11	Designatedfunds
		Asat		Asat
		1April		31March
		2020	Transfers	2021
	Groupandcharity	£	£	£
	Corecosts	60,000		60,000
	Redundancyfund	25,000	—	25,000
	WorkingCapital	60,000	—	60,000
	FutureCommunityServices	-	46,600	46,600
		145,000	46,600	191,600
		Asat		Asat
		1April		31March
		2019	Transfers	2020
	Groupandcharity	£	£	£
	Corecosts	60,000		60,000
	Redundancyfund	25,000	—	25,000
	WorkingCapital	60,000		60,000
		145,000		145,000

	Unrestricted	Designated	Restricted	Total
	funds	funds	funds	2021
	£	£	£	£
Fixedassets	246,769	—	—	246,769
Currentassets	241,709	191,600	20,724	454,033
Currentliabilities	(38,493)	-	-	(38,493)
	449,985	191,600	20,724	662,309

	Unrestricted	Designated	Restricted	Total
	funds	funds	funds	2020
	£	£	£	£
Fixedassets	154,468	-	-	154,468
Currentassets	241,870	145,000	67,969	454,839
Currentliabilities	(108,999)	-	-	(108,999)
	287,339	145,000	67,969	500,308

Netmovementinfunds Thisisstatedaftercharging:
	2021	2020
	£	£
Depreciation	31,964	26,606
Auditor'sremuneration	5,350	4,750
Operatingleasecharges(Plantandmachinery)	99,431	104,847
Surplusondisposalofvehicles	11,177	2,750

	2021	2020
Operatingleasecommitments:	£	£
Withinoneyear	94,635	98,016
Betweenonetofiveyears	118,956	311,607
Total	213,591	409,623

Theassetsandliabilitiesofthesubsidiarywere:
	2021	2020
	£	£
Currentassets	55,888	6,003
Creditors:amountsfallingduewithinoneyear	(55,788)	(5,903)
Netassets	100	100

Comparativeinformation
	Unrestricted			Total
	general	Designated	Restricted	funds
	funds	funds	funds	2020
	£	£	£	£
Incomeandexpenditure
Incomefrom:
Grantsanddonations	20,485		28,320	48,805
Investments	495	-	-	495
Charitableactivities	1,205,402		46,000	1,251,402
Disposaloffixedassets	2,750		-	2,750
Totalincome	1,229,132	-	74,320	1,303,452
Expenditureon:
Charitableactivities	1,160,164	-	16,387	1,176,551
Totalexpenditure	1,160,164	-	16,387	1,176,551
Netincome	68,968	-	57,933	126,901
Transfers	69,114	—	(69,114)	—
Netmovementinfunds	138,082		(11,181)	126,901
Fundsbroughtforward1April2019	149,257	145,000	79,150	373,407
Fundscarriedforwardat31March2020	287,339	145,000	67,969	500,308