| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial Activities | ||||
| Balance Sheet | 8 | to | 9 | |
| Cash Flow Statement | 10 | |||
| Notes to the Cash Flow | Statement | |||
| Notes to the Financial Statements | 12 | to | 19 | |
| Detailed Statement ofFinancial Activities | 20 |
| for the Year En | ded 31Decemb | er 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
2 | 32,618 | 32,618 | 56,361 | ||
| Other trading activities | 3 | 667,230 | 667,230 | 354,032 | ||
| Investment income |
4 | 142 | 142 | I | ||
| Other income | 3,189 | 3,189 | ||||
| Total | 703,179 | 703,179 | 410,394 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 2,100 | 2,100 | ||||
| Charitable activities |
||||||
| WATBus Activities | 391,415 | 391,415 | 273,777 | |||
| WATBike Activities | 110,829 | 110,829 | 88,053 | |||
| Support Costs | 105,550 | 105,550 | 42,504 | |||
| Total | 609,894 | 609,894 | 404,334 | |||
| NET INCOME | 93,285 | 93,285 | 6,060 | |||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought | forward | 237,431 | 26,130 | 263,561 | 257,501 | |
| TOTAL FUNDS CARRIED FORWARD | 330,716 | 26,130 | 356,846 | 263,561 |
| 31De | cember 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 200,217 | 200,217 | 134,957 | |
| CURRENT ASSETS | |||||
| Debtors | 13 | 64,196 | 64,196 | 41,133 | |
| Cash at bank and in hand | 121,100 | 26,130 | 147,230 | 102,594 | |
| 185,296 | 26,130 | 211,426 | 143,727 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (54,797) | (54,797) | (15,123) | |
| NET CURRENT ASSETS | 130,499 | 26,130 | 156,629 | 128,604 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 330,716 | 26,130 | 356,846 | 263,561 | |
| NET ASSETS | 330,716 | 26,130 | 356,846 | 263,561 | |
| FUNDS | 15 | ||||
| Unrestricted funds |
330,716 | 237,431 | |||
| Restricted funds |
26,130 | 26,130 | |||
| TOTAL FUNDS | 356,846 | 263,561 |
| for the Year Ended 3 | 1December 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Notes | |||||||
| Cash flows from | operating | activities | |||||
| Cash generated | from operations | 162,928 | 42,838 | ||||
| Interest paid | (86) | (1,331) | |||||
| Net cash provided | by operating | activities | 162,842 | 41,507 | |||
| Cash flows from | investing | activities | |||||
| Purchase oftangible fixed | assets | (137,005) | (82,479) | ||||
| Sale oftangible | fixed assets | 18,657 | |||||
| Interest received | 142 | 1 | |||||
| Net cash used in | investing | activities | (118,206) | (82,478) | |||
| Change in cash | and cash | equivalents | |||||
| in the reporting | period | 44,636 | (40,971) | ||||
| Cash and cash | equivalents | at | the | ||||
| beginning ofthe | reporting | period | 102,594 | 143,565 | |||
| Cash and cash | equivalents | at | the end | ||||
| ofthe reporting | period | 147,230 | 102,594 |
| Notes to the Cash Flow Statement for the Year Ended 31December 2022 |
Notes to the Cash Flow Statement for the Year Ended 31December 2022 |
|||||
|---|---|---|---|---|---|---|
| 1. | RECONCILIATION | OFNET INCOME TO NET CASH FLOW | FROM OPERATING | |||
| ACTIVITIES | ||||||
| 2022 | 2021 | |||||
| Net income for the | reporting | period (as per the Statement of | ||||
| Financial Activities) | 93,285 | 6,060 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
56,277 | 52,475 | ||||
| Profit on disposal offixed assets | (3,189) | |||||
| Interest received | (142) | (1) | ||||
| Interest paid | 86 | 1,331 | ||||
| Increase in debtors | (23,063) | (23,661) | ||||
| Increase in creditors | 39,674 | 6,634 | ||||
| Net cash provided | by operations | 162,928 | 42,838 | |||
| 2. | ANALYSIS OF CHANGES | IN NET FUNDS | ||||
| At 1/1/22 | Cash flow | At 31/12/22 | ||||
| Net cash | ||||||
| Cash at bank and in | hand | 102,594 | 44,636 | 147/30 | ||
| 102,594 | 44,636 | 147,230 | ||||
| Total | 102,594 | 44,636 | 147,230 |
| Notes to the Financial Statements | —continued | |||||
|---|---|---|---|---|---|---|
| for the Year Ended 31December 2022 | ||||||
| 2. | DONATIONS | AND LEGACIES | ||||
| 2022 | 2021 | |||||
| Donations | 32,618 | 56,361 | ||||
| 3. | OTHER TRADING ACTIVITIES | |||||
| 2022 | 2021 | |||||
| WATBus operating | income | 561,956 | 284,196 | |||
| WATBike operating | income | 105,274 | 69,836 | |||
| 667,230 | 354,032 | |||||
| 4. | INVESTMENT INCOME | |||||
| 2022 | 2021 | |||||
| Deposit account | interest | 142 | ||||
| 5. | RAISING FUNDS | |||||
| Other trading | activities | |||||
| 2022 | 2021 | |||||
| Bad debts | 2,100 | |||||
| 6. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 7) | Totals | ||||
| WATBus Activities | 391,415 | 391,415 | ||||
| WATBike Activities | 110,829 | 110,829 | ||||
| Support Costs | 56,277 | 49,273 | 105,550 | |||
| 558,521 | 49,273 | 607,794 |
| SUPPORT COSTS | ||
|---|---|---|
| Management | ||
| Support Costs | 49,273 | |
| NET INCOME/IEXPENDITURK) | ||
| Net income/(expenditure) is stated after charging/(crediting): |
||
| 2022 | 2021 | |
| Depreciation -owned assets Surplus on disposal offixed assets |
56,277 (3,189) |
52,475 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Wages and salaries | 298,158 | 187,454 | ||
| 298,158 | 187,454 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2022 | 2021 | |||
| Employees FTE | 10 | 12 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| fund | fund | funds | |
| INCOME AND ENDOWMENTS Fl .OM | |||
| Donations and legacies |
56,361 | 56,361 | |
| Other trading activities Investment income |
354,032 | 354,032 | |
| 1 | 1 | ||
| Total | |||
| 410,394 | 410,394 | ||
| EXPENDITURE ON | |||
| Charitable activities |
|||
| WATBus Activities WATBike Activities Support Costs |
273,777 88,053 42,504 |
273,777 88,053 42,504 |
|
| Total | |||
| 404,334 | 404,334 | ||
| NET INCOME | 6,060 | 6,060 | |
| RECONCILIATION OF FUP WADS | |||
| Total funds brought forward |
231,371 | 26,130 | 257,501 |
| TOTAL FUNDS CARRIED | |||
| FORWARD | 237,431 | 26,130 | 263,561 |
| 12. | TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|---|
| Modular | Bike | Motor | Computer | |||
| Building | equipment | vehicles | equipment | Totals | ||
| COST | ||||||
| At I January 2022 | 61,999 | 48,080 | 592,185 | 21,048 | 723,312 | |
| Additions | 6,800 | 129,162 | 1,043 | 137,005 | ||
| Disposals | (8,504) | (11,882) | (20,386) | |||
| At 31 December 2022 | 61,999 | 46,376 | 709,465 | 22,091 | 839,931 | |
| DEPRECIATION | ||||||
| At 1 January 2022 | 60,295 | 36,940 | 473,073 | 18,047 | 588,355 | |
| Charge for year | 1,704 | 5,465 | 45,064 | 4,044 | 56,277 | |
| Eliminated on disposal |
(4,918) | (4,918) | ||||
| At 31 December 2022 | 61,999 | 37,487 | 518,137 | 22,091 | 639,714 | |
| NET BOOKVALUE | ||||||
| At 31 December 2022 | 8,889 | 191,328 | 200,217 | |||
| At 31 December 2021 | 1,704 | 11,140 | 119,112 | 3,001 | 134,957 | |
| 13. | DEBTORS:AMOUNTS FALLING DUE | WITHIN ONE | YEAR | |||
| 2022 | 2021 | |||||
| Trade debtors | 47,831 | 30,821 | ||||
| VAT | 11,321 | 7,202 | ||||
| Prepayments | 5,044 | 3,110 | ||||
| 64,196 | 41,133 |
| Notes to the Financial Statements - continued for the Year Ended 31December 2022 |
Notes to the Financial Statements - continued for the Year Ended 31December 2022 |
|||
|---|---|---|---|---|
| 14. | CREDITORS: AMOUNTS PALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| Trade creditors | 3,097 | 1,123 | ||
| Other creditors | 42,081 | 10,000 | ||
| Accrued expenses | 9,619 | 4,000 | ||
| 54,797 | 15,123 | |||
| 15. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/1/22 | in funds | 31/12/22 | ||
| Unrestricted funds |
||||
| General fund | 237,431 | 93,285 | 330,716 | |
| Restricted funds |
||||
| Restricted fund | 26,130 | 26,130 | ||
| TOTAL FUNDS | 263,561 | 93,285 | 356,846 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 703,179 | (609,894) | 93,285 | |
| TOTAL FUNDS | 703,179 | (609,894) | 93,285 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/21 | in funds | 31/12/21 | |
| Unrestricted funds |
|||
| General fund | 231,371 | 6,060 | 237,431 |
| Restricted funds | |||
| Restricted fund | 26,130 | 26,130 | |
| TOTAL FUNDS | 257,501 | 6,060 | 263,561 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 410,394 | (404,334) | 6,060 | |
| TOTAL FUNDS | 410,394 | (404,334) | 6,060 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/21 | in funds | 31/12/22 | |
| Unrestricted funds |
|||
| General fund | 231,371 | 99,345 | 330,716 |
| Restricted funds |
|||
| Restricted fund |
26,130 | 26,130 | |
| TOTAL FUNDS | 257,501 | 99,345 | 356,846 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 1,113,573 | (1,014,228) | 99,345 | |
| TOTAL FUNDS | 1,113,573 | (1,014,228) | 99,345 |
| Detailed Statement ofFinancial Activities | ||
|---|---|---|
| for the Year Ended 31December 2022 | ||
| 2022 | 2021 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Donations | 32,618 | 56,361 |
| Other trading activities | ||
| WATBus operating income |
561,956 | 284,196 |
| WATBike operating income |
105,274 | 69,836 |
| 667,230 | 354,032 | |
| Investment income |
||
| Deposit account interest | 142 | |
| Other income | ||
| Gain on sale oftangible fixed assets | 3,189 | |
| Total incoming resources |
703,179 | 410,394 |
| EXPENDITURE | ||
| Other trading activities | ||
| Bad debts | 2,100 | |
| Charitable activities |
||
| Employee costs | 298,158 | 187,454 |
| WATBus activities | 148,249 | 72,225 |
| WATBike activities | 55,837 | 49,452 |
| Depreciation | 56,277 | 52,475 |
| 558,521 | 361,606 | |
| Support costs | ||
| Management | ||
| Rent and other office costs | 28,995 | 29,406 |
| Legal and professional | 5,975 | 2,467 |
| Accountancy and bookkeeping |
5,371 | 6,811 |
| Travel and subsistence | 68 | 171 |
| Advertising and marketing |
8,778 | 2,542 |
| Bank interest | 86 | 1,331 |
| 49,273 | 42,728 | |
| Total resources expended | 609,894 | 404,334 |
| Net income | 93,285 | 6,060 |