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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|5|
|Independent<br>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||





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|||for the Year En|ded 31Decemb|er 2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations<br>and legacies||2|32,618||32,618|56,361|
|Other trading activities||3|667,230||667,230|354,032|
|Investment<br>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<br>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|





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||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<br>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<br>funds||||330,716|237,431|
|Restricted<br>funds||||26,130|26,130|
|TOTAL FUNDS||||356,846|263,561|





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||||||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|





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||||Notes to the Cash Flow Statement<br>for the Year Ended 31December 2022|Notes to the Cash Flow Statement<br>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<br>for:||||||
||Depreciation<br>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|





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||||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|





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|SUPPORT COSTS|||
|---|---|---|
|||Management|
|Support Costs||49,273|
|NET INCOME/IEXPENDITURK)|||
|Net income/(expenditure)<br>is stated after charging/(crediting):|||
||2022|2021|
|Depreciation<br>-owned assets<br>Surplus on disposal offixed assets|56,277<br>(3,189)|52,475|



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|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|





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||Unrestricted|Restricted|Total|
|---|---|---|---|
||fund|fund|funds|
|INCOME AND ENDOWMENTS Fl .OM||||
|Donations<br>and legacies|56,361||56,361|
|Other trading activities<br>Investment<br>income|354,032||354,032|
||1||1|
|Total||||
||410,394||410,394|
|EXPENDITURE ON||||
|Charitable<br>activities||||
|WATBus Activities<br>WATBike Activities<br>Support Costs|273,777<br>88,053<br>42,504||273,777<br>88,053<br>42,504|
|Total||||
||404,334||404,334|
|NET INCOME|6,060||6,060|
|RECONCILIATION OF FUP WADS||||
|Total funds brought<br>forward|231,371|26,130|257,501|
|TOTAL FUNDS CARRIED||||
|FORWARD|237,431|26,130|263,561|





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|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<br>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|





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||Notes to the Financial Statements - continued<br>for the Year Ended 31December 2022|Notes to the Financial Statements - continued<br>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<br>funds||||
||General fund|237,431|93,285|330,716|
||Restricted<br>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|





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|||Net||
|---|---|---|---|
|||movement|At|
||At 1/1/21|in funds|31/12/21|
|Unrestricted<br>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<br>funds||||
|General fund|231,371|99,345|330,716|
|Restricted<br>funds||||
|Restricted<br>fund|26,130||26,130|
|TOTAL FUNDS|257,501|99,345|356,846|





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|||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|



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|Detailed Statement ofFinancial Activities|||
|---|---|---|
|for the Year Ended 31December 2022|||
||2022|2021|
|INCOME AND ENDOWMENTS|||
|Donations<br>and legacies|||
|Donations|32,618|56,361|
|Other trading activities|||
|WATBus operating<br>income|561,956|284,196|
|WATBike operating<br>income|105,274|69,836|
||667,230|354,032|
|Investment<br>income|||
|Deposit account interest|142||
|Other income|||
|Gain on sale oftangible fixed assets|3,189||
|Total incoming<br>resources|703,179|410,394|
|EXPENDITURE|||
|Other trading activities|||
|Bad debts|2,100||
|Charitable<br>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<br>and bookkeeping|5,371|6,811|
|Travel and subsistence|68|171|
|Advertising<br>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|