**REGISTERED COMPANY NUMBER: 03323024 (England and Wales) REGISTERED CHARITY NUMBER: 1060980** **Report of the Trustees and** **Financial Statements for the Year Ended 31st March 2023** **for** **Worcester Wheels** **Worcester Wheels** ## **Contents of the Financial Statements for the Year Ended 31st March 2023** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**|2|to|5| |**Independent Examiner's Report**||6|| |**Statement of Financial Activities**||7|| |**Balance Sheet**||8|| |**Notes to the Financial Statements**|9|to|18| |**Detailed Statement of Financial Activities**|19|to|20| **Worcester Wheels** ## **Reference and Administrative Details for the Year Ended 31st March 2023** **TRUSTEES** Ms M J Sacharin (resigned 26.10.23) Mr G Heath (Chair) Ms L McCall Mr P J Burgess Mr B Mallette (Vice Chairman) (resigned 28.7.23) Mr P Ball (resigned 30.6.22) Mr R Auger Chairman (appointed 1.12.22) Mr T Organ Vice Charirman (appointed 1.11.22) **REGISTERED OFFICE** Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU **PRINCIPAL ADDRESS** Unit 13 Checketts Lane Industrial Estate Checketts Lane Worcester Worcestershire WR3 7JW **REGISTERED COMPANY NUMBER** 03323024 (England and Wales) **REGISTERED CHARITY NUMBER** 1060980 **INDEPENDENT EXAMINER** The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU **SOLICITORS** Hallmark Whatley Hulme LLP 3-5 Sansome Place Worcester WR1 1UQ **BUSINESS MANAGER** Mr D Cook Page 1 **Worcester Wheels** ## **Report of the Trustees for the Year Ended 31st March 2023** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The charity's objects are: - to promote any charitable purposes for the benefit of the community in the city of Worcester district and its neighbourhood and, in particular, the advancement of education, the protection of health and the relief of poverty, distress and sickness; and - to provide transport facilities in the area of benefit for people who have special need of such facilities because they have mobility impairments, they are elderly, poor or disabled, children, people with young children or those living in isolated areas where there are no adequate public transport facilities. We seek to achieve this through: - the provision of a high quality, responsive, door to door transport/escort service which takes account of individual service users' needs, to help them stay healthy and remain socially active; - taking vulnerable students to and from school/college to help them stay in education; and - providing individuals with the opportunity to volunteer their time and skills to make a contribution to their local community. ## **Significant activities** Our services, which we operate throughout the city of Worcester and local surrounding villages, include: - ## **Community Transport Schemes** We have a contract with Worcestershire County Council to run its community transport services. - ## **Dial a Ride** We provide a ‘Dial a Ride’ service between 8am and 4:30pm. We have a fleet of vehicles including minibuses and people carriers, all with tail lifts. We ensure those who have difficulty accessing public transport receive transport suitable to their needs. We provide transport to and from GP surgeries, dental appointments, lunch cubs, day centres, visiting friends and family and so much more. - ## **Group Bookings** We provide group bookings at affordable prices to and from places such as day trips, holidays in the UK, parties and events. - ## **Monthly Parties** We arrange monthly events both onsite and offsite. We provide transport, arrange a light buffet lunch, entertainment and often a game or two of bingo. ## **Public benefit** The trustees have complied with their duty under Section 17(5) of the 2011 Charities Act to have due regard to the guidance on public benefit published by the Charity Commission when deciding what activities the Charity should undertake. Page 2 **Worcester Wheels** ## **Report of the Trustees for the Year Ended 31st March 2023** ## **ACHIEVEMENT AND PERFORMANCE Charitable activities** Number of members using the service in 22/23 was 896 (21/22 - 598). Number of new members enrolled in 22/23 was 457 (21/22 - 331). Volunteer Support: ||**2023**|**2022**| |---|---|---| |||| |Drivers and PAs|38|33| |Private Car Drivers|10|14| |Administrative Support|10|9| |||| ||58|56| |||| In 22/23 we travelled over 221,000 miles (21/22 - 180,000 miles): ||**2023**|**2022**| |---|---|---| |||| |Private Cars|54,135|45,594| |Minibus/MPV|167,809|137,346| |||| |Total Vehicle Mileage|221,944|182,940| |||| Over 20,000 individual journeys, broken down as follows: ||**2023**|**2022**| |---|---|---| |||| |Hospital appointments|1,587|981| |GP surgery appointments|1,269|848| |Other medical appointments|1,277|1,120| |Day Centre/Clubs etc.|11,245|8,036| |Social/Shopping etc.|5,211|3,642| |||| |Total passenger single journeys|20,589|14,627| |||| Once again, we have enjoyed a successful year of growth and further development of our operations. Post pandemic, we set ourselves a cautious but challenging recovery budget in 21/22 which we achieved, and in 22/23 we have built on this foundation with a number of exciting developments and a small surplus. We continue to enjoy the support of the City and County Council, for the provision of school services and we have also seen the continuance of the local, council supported, community bus services in Norton and Peopleton. We have also entered into contracts with new partners, NewMedica and St Richards Hospice for the provision of transport services. As the lease on our current premises expired in May 2022 we negotiated with our current landlord for a newly refurbished unit and additional parking on our existing site at Checketts Lane Industrial Estate. This move has enabled us to create an office space more suited to our needs and also the addition of a portable office which is used for our hub activities. The new office environment has had a very positive impact on staff morale. Our day trips, party events and hub activities have proved very popular amongst our clients and have contributed to the increase in our Dial A Ride activity. Once again, we have been very fortunate to receive a substantial legacy from the estate of a former customer, Miss Irene Haynes, and we continued to pursue several grant applications. On the expenses front, we suffered severe delays on the delivery of 2 replacement vehicles which we had planned to replace in the early part of 2022. These were not received during the 22/23 year of account and resulted in significant additional costs of repairs to our ageing fleet and additional short term rental charges. The volatile price of fuel was a further cost that the business had to absorb. The relocation and refurbishment of the office premises has also had an impact on our financial result. Page 3 **Worcester Wheels** ## **Report of the Trustees for the Year Ended 31st March 2023** There is no reason to suppose that our operation will not continue to grow as demand for our service increases and we now have the facilities and resources to meet this demand. ## **FINANCIAL REVIEW** ## **Financial position** The results for the year and financial position of the company are as shown in the Statement of Financial Activities and Balance Sheet. Total income from charitable activities received during the year was £465,532 compared to £396,799 last year, with the increase largely being due to a new monthly bus service provided to a private individual. Total expenditure has increased from £361,236 last year to £457,836 this year, with the increase being mainly due to increased wages. At the year end the charity held unrestricted funds of £343,755 (2022 - £353,022), of which £137,113 (2022 - £49,802) was held as tangible fixed assets, leaving £206,642 (2022 - £303,220) available funds. At the year end the charity held restricted funds of £34,202 (2022 - £17,239). Note that the split of funds between restricted and unrestricted funds has been restated. Please refer to note 21 for further details. ## **Reserves policy** The Board aims to keep a reserve of unrestricted funds (excluding funds held within tangible fixed assets) equivalent to at least three months ongoing expenditure. This reserve is held in case of either a sudden loss of funding or incurring of unexpected expenditure, in order to ensure that in such circumstances the charity could continue to operate as a going concern. Following the charity making significant improvements to their leasehold property in the year funded primarily out of unrestricted reserves, as well as an increase in expenditure in the year, the level of unrestricted funds (excluding fund held within tangible fixed assets) has fallen to approx. 9 months of expenditure for the year, compared to 12 months last year. This level of reserves is considered consistent with the Board's stated reserves policy. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT** The charity is a company limited by guarantee which is governed by its Memorandum and Articles of Association adopted on 1 April 1997 and amended on 13 November 2003, 19 April 2005 and 28 June 2018. In accordance with Section 60(1)(a) of the Companies Act 2006, the company is exempt from the requirements of that Act to include 'Limited' as part of its name. ## **Recruitment and appointment of new trustees** The directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as members of the Board. Under the requirements of the Memorandum and Articles of Association the members of the Board are elected to serve for a period of three years, after which they must be re-elected at the next annual general meeting. The trustees are appointed at the Annual General Meeting to ensure that the Board represents a cross section of the community including other voluntary organisations, local authorities and individuals with relevant professional backgrounds. Trustees are openly recruited from members of the public and from individuals/organisations who are associate members. An assessment of member skills is undertaken annually to determine any gaps in skills which would assist the Board to function more effectively. ## **Decision making** The Board meets every two months. There is an Annual General Meeting organised each year to enable members and others to review activity. The Business Manager has delegated authority, under terms approved by the Board, for all day to day activity including financial, employment and staff supervision, but has to present a report at each meeting of the Board. Page 4 forth• Yw End￿ 31st IAaw¢h 21123 STRUCTURQ GOVERNANCE AND MANAGEMEiir Indu¢tlon and tralnln9 01 n•w tru5t•g5 New trustees F¥ovbYed %•ilh ti)pies of Ihe ￿51 rec*rt ￿nUel rerxyt and xctsjnts, a role des(aiption of the rgsr4)ns*)ililles of a Iru51ee, a copy ol the meT￿nd￿rn 8ThJ ￿ticleS ol Awx?ation of W¢)rc•st•r Wheets. of recent miwte5 of and a c4¥y of Ihe Charity knrfmss￿ publicalic￿. 'Rg$P)rBikn.￿1I￿ of Charty Truslo0S'. New trustees a150 receNO on Sess￿ wwjertaken by Chaw and Ckrk lo the Truslees. RISK ASSESSMENT A lormal Risk Registèf L% mamtsined 8ThJ reVe￿￿d •t •vwy Bcwd ITWW. Ths knJ8tO88' to rnview the 8k$ to the M￿h1 b8 0$ wjenliled trwto6•. ha¥ 8StatAtsh*J system ar￿ procedures to man898 th088 ￿ks. QUALIPdNG THIRD PARTI INDEMNITY PROVISK Thè ¢haiitabl& (x)mpany has made fvrd paty kndernnty KWOV￿￿ the b￿￿fft of ts direclcK8 durfNJ tho lh￿& provis*)ns remoln in fNco at the reP￿try d*. ThSs rewrt has bgen pr•pw•J JpKaal pro¥•Ji￿ rf Pwl 15 al thè cCffipAn￿S 2C#J6 rdab'TrJ to Bmall ¢￿panI¢s. MrG Heath.T PwJe 5 Independent Examin¢f$ R¢port to th• Try$tees of Wtsreèstèr Whèèls Independent examiMrf• ryrt to the trustees of Woreester Iltheds fthe Company'l I report to the charity trustees on my 0x￿1n8ti0n of lh¢ a(x>)unts of the Company for the year ended 31st March 2023. Re8pon8lblllt1•8 and basis of report As th• charity$ trustees of the Company land also ils directors for Ihe purpose5 of company lawl you are re5ponsitife for the preparation of the accounts in accordance wth the requirements of the Compan￿$ A¢t 21￿ Ilhe 20C6 Act). Hawng salisf*d myseti that the accounts of the Company a￿ not raoui￿ lo be wdrted undef Part 16 of the 20C6 Act and are eligible for independent exarnination, I report in r•sped ol my examinalion ol your accounts as ¢arried out under Section 145 of the Chantbes Ala 2011 {Ihe 2011 Adl. In CO￿.ng out my examinats.on I have foll¢)wed the Direction3 given by the Charty CommissKJn under Section 145151 Ibl ofthe 2011 Act. Ind•p•nd•nt èxamln•rfs statsrn•nt Since your chaiity's gross income exceeded £250.(K)O your examiner must be 8 membef of a listed boty. I can ¢onflmi that l am qualified to undertake the examination bttause l am a mom￿[ of the Assouation of Chartered Cgrtifi•d Accountants, which is one of the listed byjitrs. I have c4Jmpleted my examinab"on. I ￿nfim) tho1 no m8tt¢r8 have com8 to my attent￿￿ in ¢onnection the examination giving me cause to belS&¥e.' a¢¢ounling records We￿ not kept in T88PeCt ofthe Ccthpany 8$ Nu1￿j by Section 388 of the 20C6 Act., or the accounts do not accord wth those re¢ord$; or the accc4Jnts do not compty a¢counb"ng raquir￿m￿nts of Section 396 ol the 2LXJ6 Acl oth•r than any requirement that thé a¢¢ount$ gN¢ a true and lalr vièw which is not a malter considewd 88 Part ol an independent &¥8minalwi.' or thè a¢¢ounl$ have not be￿ Fwored in accordance *ilh the methods and princ6ple8 of the Slatement of Rec¢mmertded Pra&i¢e for accounling and reporting by tharib'es (applicable to charitiès preparing th&r ¥C￿unIS in accordance **nth Ihe Financial Roporting Standard appl￿ble in the UK and R*pubts¢ of Ireland IFRS 10211. I have no concEms and have cm atross no other mgtter8 kn oxne¢ty"on V**h th• •xamination to vthlch attentlon Should bo drawn in thi8 r•port in to •nabl8 a proper underslanding of th• 8co)unts to ba reached. Melissa Je8n Goown ACCA The Rl¢hard8 S8ndy Partn¢t8hlp Thom•loe House 25 Barboume Ro& Wor¢ester Woreeslershlre WR1 1RU Date...L*luJks......................... Page 6 ## **Worcester Wheels** ## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31st March 2023** |**2023**
Unrestricted
Restricted
**Total**
fund
funds
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**18,545**
**42,547**
**61,092**
**Charitable activities**
6
Charitable Activities
**395,531**
**-**
**395,531**
Other trading activities
4
**6,976**
**-**
**6,976**
Investment income
5
**1,933**
**-**
**1,933**
**Total**
**422,985**
**42,547**
**465,532**
**EXPENDITURE ON**
Raising funds
**1,632**
**532**
**2,164**
**Charitable activities**
7
Charitable Activities
**436,667**
**19,005**
**455,672**
**Total**
**438,299**
**19,537**
**457,836**
**NET INCOME/(EXPENDITURE)**
**(15,314)**
**23,010**
**7,696**
**Transfers between funds**
19
**6,047**
**(6,047)**
**-**
**Net movement in funds**
**(9,267)**
**16,963**
**7,696**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**353,022**
**17,239**
**370,261**
**TOTAL FUNDS CARRIED FORWARD**
**343,755**
**34,202**
**377,957**|2022
Total
funds
£
57,806
336,651
1,768
574| |---|---| ||396,799| ||1,238
359,998| ||361,236| ||35,563
-| ||35,563
334,698| ||370,261| The notes form part of these financial statements Page 7 Balan¢• She•t 31st Mareh 2023 2023 2022 Tota funds fiJThJ fijnds FUED ASSErs Tangible 8sset$ Inwstrnerrts 14 15 137.112 137.112 49,&J1 137,113 137,113 49,802 CURREMf ASSETS Debtc¥s Cash at bank hand 16 50,345 194,569 J,917 262.818 100.367 218.712 34202 252,914 353,735 ¢REDtTORS Arnolxts laliry dug >*8r 17 11107(11 1110701 1332761 NET CURRENT A8SErs 34.2ff 320.4S9 TOTAL A8SEf8 LESS CURRENT UABILIrnS 341751 343Q2 377.937 370261 NET ASSErs 343,755 34202 3TT,957 370.261 FUNOS Unreslrfcted fvnd• Re61rtt¢d lunds 19 343.755 34,202 353.022 17,239 TOTAL FUNDS J77.957 370281 Thg chBrft8bK8 ￿IrPanY i¥ •ntilknd lo •￿n￿4th Irrffi •wJ¢ wyler PJoctirm 477 Comp•nhs Act lor ts year ond￿ 31st March 2023. The members have Th)t req￿red fv (xryary to an ath*rt of Its stat•m•)ts fw lh8 ￿r 31st March 2023 in sect￿ 476 ofts Cryarles Ad 2C(6. lal Companies Act 2(£6 and preparing fina￿01 $*tements whth giw • tslr crf Iho slats of affws of the (*arrtabb o)mp8ny as gt the WKI of finarKial year Bnd crf its SWFkn or defDt for eath finaMxl y•ar in accordan￿ with th requirern¢nls of SeCtiOr￿ 394 and 395 WKI othen¥tse wTh)ly ￿ the requk•rfthts ol ts compan￿ 2006 re18ting (o fvwndal stotwngnts. 80 far es aptdK8tle to ltr* chwitth c£¥n￿nY. (bi Subieet to the smell c¢￿￿$ wime. .. and ￿Te s*3n8d on bdwirty. **Worcester Wheels** ## **Notes to the Financial Statements for the Year Ended 31st March 2023** ## **1. STATUTORY INFORMATION** Worcester Wheels is a charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found on the Reference and Administrative Details page. The members of the company are the trustees named in the Report of the Directors. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## **2. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The charity is exempt from preparing a cashflow statement because it is not a larger charity. ## **PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS** The financial statements contain information about Worcester Wheels as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. ## **INCOMING RESOURCES** All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income from grants and donations is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income from grants is only deferred when the charity has to fulfil conditions not yet met before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Legacies are recognised when probate is granted and there is sufficient information to measure them. Where there is insufficient information to reliably measure any outstanding legacies, these are instead treated as contingent assets (and details of any such legacies will be disclosed in the notes to these financial statements). Income relating to services provided in the course of undertaking direct charitable activities represents the value of services provided to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Income from attendance of fundraising events is recognised when such events occur. ## **RESOURCES EXPENDED** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable activity costs are the costs of fulfilling the objects of the charity. Governance costs are those incurred in connection with compliance with constitutional and statutory requirements. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property - 16.67% on cost and 5% on cost Office Equipment - 20% on cost Motor vehicles - 25% on reducing balance Assets are included at cost and any capital expenditure less that £500 is not capitalised. ## **TAXATION** The company is a registered charity thus is exempt from corporation tax on its charitable activities. Page 9 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** ## **2. ACCOUNTING POLICIES - continued** ## **FUND ACCOUNTING** General Funds are unrestricted funds which are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **PENSION COSTS** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **FINANCIAL INSTRUMENTS** The charity has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the charity becomes party to contractual provisions of the instrument. Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **Basic Financial Assets** Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. ## **Basic Financial Liabilities** Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost. ## **INVESTMENTS** The investment in the subsidiary company, Worcester Volunteer Centre Limited, is included at cost. ## **LEASING COMMITMENTS** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **3. DONATIONS AND LEGACIES** |Donations
Legacies
Grants|**2023**
**£**
**7,451**
**10,094**
**43,547**
**61,092**|2022
£
2,748
25,000
30,058| |---|---|---| |||57,806| Page 10 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** ## **3. DONATIONS AND LEGACIES - continued** Grants received, included in the above, are as follows: |The Eveson Charitable Trust
National Lottery
Bernard Sunley Foundation
Worcester City Council
Asda Foundation
Gannet Foundation
Arnold Clark
Tesco
Newmedica
Waitrose
Droitwich Spa & Rural Council
Worcester Community Lottery
**4.**
**OTHER TRADING ACTIVITIES**
Income from fundraising events
**5.**
**INVESTMENT INCOME**
Bank interest
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Fares
Membership fees
Service contracts
Grants
Sundry income
Grants received, included in the above, are as follows:
Worcester City Council
Worcester Community Transport Partnership
Department of Transport|**2023**
**£**
**25,000**
**10,000**
**5,000**
**-**
**2,000**
**1,047**
**-**
**-**
**500**
**-**
**-**
**-**
**43,547**
**2023**
**£**
**6,976**
**2023**
**£**
**1,933**
**2023**
Charitable
Activities
**£**
**127,709**
**140**
**225,519**
**42,004**
**159**
**395,531**
**2023**
**£**
**19,236**
**16,369**
**6,399**
**42,004**|2022
£
15,001
10,000
-
2,200
-
-
1,000
1,000
-
500
283
74
30,058
2022
£
1,768
2022
£
574
2022
Total
activities
£
**122,271**
**1,420**
**170,980**
**40,011**
**1,969**|2022
£
15,001
10,000
-
2,200
-
-
1,000
1,000
-
500
283
74| |---|---|---|---| ||||30,058| |||**336,651**|| ||||2022
£
18,948
16,198
4,865| ||||40,011| Page 11 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** ## **7. CHARITABLE ACTIVITIES COSTS** |**7.**
**CHARITABLE ACTIVITIES COSTS**|| |---|---| |Direct
Support
Costs (see
costs (see
note 8)
note 9)
£
£
Charitable Activities
**288,991**
**166,681**
**8.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
**2023**
**£**
Staff costs
**130,133**
Volunteer car drivers' reimbursements
**22,385**
Vehicle running costs
**118,188**
Volunteers' and staff expenses
**6,144**
Depreciation
**12,141**
**288,991**
**9.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Charitable Activities
**161,379**
**5,302**
Support costs, included in the above, are as follows:
**MANAGEMENT**
**2023**
Charitable
Activities
**£**
Wages
**96,577**
Social security
**3,669**
Pensions
**2,227**
Rent
**15,160**
Insurance
**919**
Electricity and water
**5,659**
Telephone
**3,409**
Postage and stationery
**2,500**
Advertising
**1,150**
Consultancy
**300**
Cleaning and maintenance
**8,074**
Training
**1,720**
Computer
**6,703**
DBS checks
**737**
Subscriptions
**255**
Office equipment rental
**3,814**
Bank charges
**944**
Sundry
**841**
Depreciation
**6,721**
**161,379**|Totals
£
**455,672**| ||2022
£
119,261
19,440
79,648
2,756
16,815| ||237,920| ||Totals
£
**166,681**| ||2022
Total
activities
£
**59,127**
**1,348**
**1,518**
**15,000**
**1,174**
**4,849**
**2,407**
**1,378**
**2,230**
**3,900**
**4,576**
**1,805**
**7,369**
**1,180**
**255**
**7,171**
**726**
**948**
**265**| ||**117,226**| Page 12 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** ## **9. SUPPORT COSTS - continued GOVERNANCE COSTS** |**SUPPORT COSTS - continued**
**GOVERNANCE COSTS**||| |---|---|---| ||**2023**|2022| ||Charitable|Total| ||Activities|activities| ||**£**|£| |Legal and professional fees|**618**|**420**| |Bookkeeping|**1,670**|**1,580**| |Independent examination costs|**3,014**|**2,852**| ||**5,302**|**4,852**| ## **10. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||**2023**|2022| |---|---|---| ||**£**|£| |Depreciation - owned assets|**18,861**|17,080| |Independent examiner’s fee in respect of external scrutiny|**2,430**|2,310| |Independent examiner's fee in respect of other assurance services|**372**|360| |Independent examiner's fee in respect of other financial services|**212**|182| |Rents paid under operating leases|**23,780**|23,700| ## **11. TRUSTEES' REMUNERATION AND BENEFITS** During the year gross wages of £nil (2022 - £2,784) was paid to L McCall, a trustee of the charity, in respect of her role of staff member (and not in respect to her role as trustee), as permitted by the charity's Memorandum and Articles of Association. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022. ## **12. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs|**2023**
**£**
**223,073**
**7,306**
**2,227**
**232,606**|2022
£
176,226
3,510
1,518| |---|---|---| |||181,254| The average monthly number of employees during the year was as follows: ||**2023**|2022| |---|---|---| |Employees|**18**|16| No employees received employee benefits (excluding employer pension and employer N.I. costs) of more than £60,000 in either the current or previous years. ## **Trustee remuneration** Total remuneration paid to trustees during the year in respect of their role as staff member (and not in respect to their roles as trustees) was £nil (2022 - £2,784). ## **Key management personnel** Total remuneration (including employer pension and employer N.I. costs) paid to key management personnel totalled £34,061 (2022 - £32,792). Page 13 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** |**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
45,306
**Charitable activities**
Charitable Activities
336,651
Other trading activities
1,768
Investment income
574
**Total**
384,299
**EXPENDITURE ON**
Raising funds
1,238
**Charitable activities**
Charitable Activities
356,094
**Total**
357,332
**NET INCOME**
26,967
**RECONCILIATION OF FUNDS**
Total funds brought forward
326,055
**TOTAL FUNDS CARRIED FORWARD**
353,022
**14.**
**TANGIBLE FIXED ASSETS**
Improvements
to
Office
property
Equipment
£
£
**COST**
At 1st April 2022
**-**
**2,204**
Additions
**101,264**
**4,908**
Disposals
**-**
**(312)**
At 31st March 2023
**101,264**
**6,800**
**DEPRECIATION**
At 1st April 2022
**-**
**964**
Charge for year
**5,863**
**857**
Eliminated on disposal
**-**
**(312)**
At 31st March 2023
**5,863**
**1,509**
**NET BOOK VALUE**
At 31st March 2023
**95,401**
**5,291**
At 31st March 2022
-
1,240|Restricted
funds
£
12,500
-
-
-
12,500
-
3,904
3,904
8,596
8,643
17,239
Motor
vehicles
£
**238,123**
**-**
**-**
**238,123**
**189,562**
**12,141**
**-**
**201,703**
**36,420**
48,561|Total
funds
£
57,806
336,651
1,768
574
396,799
1,238
359,998
361,236
35,563
334,698
370,261
Totals
£
**240,327**
**106,172**
**(312)**
**346,187**
**190,526**
**18,861**
**(312)**
**209,075**
**137,112**
49,801|Total
funds
£
57,806
336,651
1,768
574| |---|---|---|---| ||||396,799| ||||1,238
359,998| ||||361,236| ||||35,563
334,698| ||||370,261| Page 14 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** ## **15. FIXED ASSET INVESTMENTS** |**15.**|**FIXED ASSET INVESTMENTS**||||| |---|---|---|---|---|---| |||||Shares in|| |||||group|| |||||undertakings|| |||||£|| ||**MARKET VALUE**||||| ||At 1st April 2022 and 31st March 2023||||**1**| ||**NET BOOK VALUE**||||| ||At 31st March 2023||||**1**| ||At 31st March 2022||||1| ||The company's investments at the balance sheet date in the share capital of companies include|||the following:|| ||**Worcester Volunteer Centre Limited**||||| ||Registered office: Unit 13, Checketts Lane|Industrial Estate, Checketts Lane, Worcester, WR3|7JW||| ||Nature of business: Dormant company||||| |||%|||| ||Class of share:|holding|||| ||Ordinary £1|**100**|||| |||**2023**|||2022| |||**£**||£|| ||Aggregate capital and reserves||**1**||1| |**16.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| |||**2023**||2022|| |||**£**||£|| ||Trade debtors|**39,793**||30,260|| ||Other debtors||**-**||49| ||Prepayments and accrued income|**18,552**||60,608|| |||**58,345**||90,917|| |**17.**|**CREDITORS: AMOUNTS FALLING DUE**|**WITHIN ONE YEAR**|||| |||**2023**||2022|| |||**£**||£|| ||Trade creditors|**5,558**||21,175|| ||Social security and other taxes|**195**|||-| ||Pension creditor|**477**|||386| ||Accruals|**4,772**||11,715|| ||Deferred income|**1,068**|||-| |||**12,070**||33,276|| ## **Deferred income** Deferred income relates to service contract income received in advance of the period to which it relates. Page 15 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** ## **18. LEASING AGREEMENTS** Minimum lease payments under non-cancellable operating leases fall due as follows: |Within one year
Between one and five years|**2023**
**£**
**9,340**
**790**
**10,130**|2022
£
19,920
4,930| |---|---|---| |||24,850| **19. MOVEMENT IN FUNDS** |At 1.4.22
£
**Unrestricted funds**
Unrestricted
**353,022**
**Restricted funds**
Minibus fund
**3,231**
PPE fund
**3,508**
Community Engagement Fund
**10,500**
Community Hub fund
**-**
Ramp fund
**-**
**17,239**
**TOTAL FUNDS**
**370,261**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
Unrestricted
**Restricted funds**
Minibus fund
PPE fund
Community Engagement Fund
Community Hub fund
Ramp fund
**TOTAL FUNDS**|Net
movement
in funds
£
**(15,314)**
**(1,854)**
**(3,508)**
**(10,500)**
**32,825**
**6,047**
**23,010**
**7,696**
Incoming
resources
£
**422,985**
**-**
**-**
**-**
**36,500**
**6,047**
**42,547**
**465,532**|Transfers
between
At
funds
31.3.23
£
£
**6,047**
**343,755**
**-**
**1,377**
**-**
**-**
**-**
**-**
**-**
**32,825**
**(6,047)**
**-**
**(6,047)**
**34,202**
**-**
**377,957**
Resources
Movement
expended
in funds
£
£
**(438,299)**
**(15,314)**
**(1,854)**
**(1,854)**
**(3,508)**
**(3,508)**
**(10,500)**
**(10,500)**
**(3,675)**
**32,825**
**-**
**6,047**
**(19,537)**
**23,010**
**(457,836)**
**7,696**|At
31.3.23
£
**343,755**
**1,377**
**-**
**-**
**32,825**
**-**| |---|---|---|---| ||||**34,202**| ||||**377,957**| ||||**23,010**| ||||**7,696**| Page 16 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** ## **19. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
Unrestricted
**Restricted funds**
Minibus fund
PPE fund
Community Engagement Fund
**TOTAL FUNDS**|At 1.4.21
£
326,055
2,080
8,039
(1,476)
8,643
334,698|Net
movement
in funds
£
26,967
1,151
(1,735)
9,180
8,596
35,563|At
31.3.22
£
353,022
3,231
6,304
7,704| |---|---|---|---| ||||17,239| ||||370,261| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
Unrestricted
**Restricted funds**
Minibus fund
PPE fund
Community Engagement Fund
**TOTAL FUNDS**|Incoming
resources
£
384,299
2,000
-
10,500
12,500
396,799|Resources
Movement
expended
in funds
£
£
(357,332)
26,967
(849)
1,151
(1,735)
(1,735)
(1,320)
9,180
(3,904)
8,596
(361,236)
35,563|Resources
Movement
expended
in funds
£
£
(357,332)
26,967
(849)
1,151
(1,735)
(1,735)
(1,320)
9,180
(3,904)
8,596
(361,236)
35,563| |---|---|---|---| ||||8,596| ||||35,563| ## **RESTRICTED FUNDS** ## **Minibus Fund** The Minibus fund is restricted for the purpose of purchasing another minibus and minibus equipment. ## **PPE Fund** The PPE fund is restricted for the purpose of purchasing PPE and cleaning materials and equipment for the minibus. ## **Community Engagement Fund** The Community Engagement fund is restricted for the purpose of supporting the local community. ## **Community Hub Fund** The Community Hub fund is restricted for the purpose of funding various costs of setting up and running a community hub. ## **Ramp Fund** The Ramp fund is restricted for the purpose of installing an access ramp at the charity's premises. ## **TRANSFERS BETWEEN FUNDS** Restricted funds totalling £6,047 used to finance the purchase of amounts capitalised as tangible fixed assets have been transferred to unrestricted funds. Page 17 continued... **Worcester Wheels** ## **Notes to the Financial Statements - continued for the Year Ended 31st March 2023** ## **20. RELATED PARTY DISCLOSURES** There were no related party balances or transactions to report. ## **21. PRIOR YEAR ADJUSTMENT** The comparatives have been amended to reallocate expenditure to the PPE fund that was previously to the reallocated to unrestricted fund totalling £1,476 incurred in 2021 and £1,320 incurred in 2022. Page 18 ## **Worcester Wheels** ## **Detailed Statement of Financial Activities for the Year Ended 31st March 2023** |Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**7,451**
**-**
Legacies
**10,094**
**-**
Grants
**1,000**
**42,547**
**18,545**
**42,547**
**Other trading activities**
Income from fundraising events
**6,976**
**-**
**Investment income**
Bank interest
**1,933**
**-**
**Charitable activities**
Fares
**127,709**
**-**
Membership fees
**140**
**-**
Service contracts
**225,519**
**-**
Grants
**42,004**
**-**
Sundry income
**159**
**-**
**395,531**
**-**
**Total incoming resources**
**422,985**
**42,547**
**EXPENDITURE**
**Raising donations and legacies**
Event costs
**1,632**
**532**
**Charitable activities**
Wages
**126,496**
**-**
Social security
**3,637**
**-**
Volunteer car drivers' reimbursements
**22,385**
**-**
Vehicle running costs
**111,674**
**6,514**
Volunteers' and staff expenses
**2,748**
**3,396**
Motor vehicles
**12,141**
**-**
**279,081**
**9,910**
**Support costs**
**Management**
Wages
**88,764**
**7,813**
Social security
**3,669**
**-**
Pensions
**2,227**
**-**
Rent
**15,160**
**-**
Insurance
**919**
**-**
Electricity and water
**5,659**
**-**
Telephone
**3,409**
**-**
Postage and stationery
**2,405**
**95**
Advertising
**755**
**395**
Consultancy
**300**
**-**
Carried forward
**123,267**
**8,303**|2023
Total
funds
£
**7,451**
**10,094**
**43,547**
**61,092**
**6,976**
**1,933**
**127,709**
**140**
**225,519**
**42,004**
**159**
**395,531**
**465,532**
**2,164**
**126,496**
**3,637**
**22,385**
**118,188**
**6,144**
**12,141**
**288,991**
**96,577**
**3,669**
**2,227**
**15,160**
**919**
**5,659**
**3,409**
**2,500**
**1,150**
**300**
**131,570**|2022
Total
funds
£
2,748
25,000
30,058| |---|---|---| |||57,806
1,768
574
122,271
1,420
170,980
40,011
1,969| |||336,651| |||396,799
1,238
117,099
2,162
19,440
79,648
2,756
16,815| |||237,920
59,127
1,348
1,518
15,000
1,174
4,849
2,407
1,378
2,230
3,900
92,931| This page does not form part of the statutory financial statements Page 19 ## **Worcester Wheels** ## **Detailed Statement of Financial Activities for the Year Ended 31st March 2023** |**Detailed Statement of Financial Activities**
**for the Year Ended 31st March 2023**||| |---|---|---| |Unrestricted
Restricted
funds
funds
£
£
**Management**
Brought forward
**123,267**
**8,303**
Cleaning and maintenance
**7,282**
**792**
Training
**1,720**
**-**
Computer
**6,703**
**-**
DBS checks
**737**
**-**
Subscriptions
**255**
**-**
Office equipment rental
**3,814**
**-**
Bank charges
**944**
**-**
Sundry
**841**
**-**
Improvements to property
**5,863**
**-**
Fixtures and fittings
**858**
**-**
**152,284**
**9,095**
**Governance costs**
Legal and professional fees
**618**
**-**
Bookkeeping
**1,670**
**-**
Independent examination costs
**3,014**
**-**
**5,302**
**-**
Total resources expended
**438,299**
**19,537**
**Net income**
**(15,314)**
**23,010**|2023
Total
funds
£
**131,570**
**8,074**
**1,720**
**6,703**
**737**
**255**
**3,814**
**944**
**841**
**5,863**
**858**
**161,379**
**618**
**1,670**
**3,014**
**5,302**
**457,836**
**7,696**|2022
Total
funds
£
92,931
4,576
1,805
7,369
1,180
255
7,171
726
948
-
265| |||117,226
420
1,580
2,852| |||4,852| |||361,236| |||35,563| This page does not form part of the statutory financial statements Page 20