REGISTERED COMPANY NUMBER: 03620232 (Eogland and Wales) REGJSTERED CHARITY NUMBER: 1076729 Report of th• TruJte•J And UnAudlt¢d FiogDelal Statsm¢llts for th¢ Y¢4r Ended 31 Deeemb¢r 2024 ror WatBuJ Peter Weldon & Co. Ltd 87 Ststion Road Ashington Northumberland NE63 8RS
WatBus Contents of tb¢ Financial Ststements Cor th¢ Year Ended 31 December 2024 PA8e Report of the Trustees 1 10 4 Ind¢p¢ndent ExAmln¢r's Report Statem¢Dt of FAnanelAI ActlvAtles BalgDe• Sheet 7 10 8 Cash Flow Statement Notes to th¢ Cash Flow StAtemant io Ntst to tbe Flnandal Ststem•nts 11 to 18 Detall¢d Statement of ThDaDelal Aedvllles 19 to 20
WAtBus R¢port of tho Trustees for th¢ Year Ended 31 D&*mb¢r 21J24 Introducllon The Truste4 who also serve as directors under company law. are pleased to present the annual report and flliancia] ststements for the year ending 31 December 2024. This report has been prepared in accordance with the Charitie5 Statement of R¢¢ommended Practice (SORP) under FRS 102. Charitable Objectives and Impact In 2024, WATBUS continued its mission to provide high-quality, affordable community transport acr05S Northumberland and surroundin8 areas. sin its inception. the Charity Brown and evolved to meet increasing demand reinvestin8 wh¢rever possible to enhance services. WATBUS plays a vitsl role in improving the quality of life for individuals with diveTse needs. offerin8 e53ential acce5S to edUtiOn, healthcare, employmenL and social opportunities. As the Community Transport Association hi8hlights. community trnnsport fosters inelusion. empowemienl and connect10TrVa1Ues ¢¢ntral to our work. In ¢¢l¢bration of our 25th anniversary in 2023. we rnfie¢ted on our social impact and introduced a joint mission ststement with WATBike: "To provide frien(lly and professional comrnunity transport and cyclin8 $VICeS that enh4nc¢ nnectednesS. social Inclusio and the menta] and physical well-being of the communities we s¢rve.° tn 2024. our fleet of 24 vehicles-including five adapted for wh¢¢l¢hair users-covered 265,000 miles and transported over 60,000 passengers. Chalrfs Statement- Allytalr Wad• Followin8 our 25th anniversary. the Ththes committ¢d to deepenin8 our charilable focus. We aimed to maximise the use of our assets•includin8 our improved fleeL WATBik¢ centre at Kirkleyp and our new respite Carava WATBreak in Amble-to support those most in De. Our COO and team developed A strate8ic plan to build lon8-lerni partherships with charlties, local authorities, and community organisations, We are proud of the prowss made in 2024 and 8rateful to our Thist¢ for their dedication. A spKial con8rattdations to Barry Amutron& prornotsd to CEO at the end of the yev. Our charity is built on stron8 foundatioDI and we thank our staff and volunteers for their tireless ¢ontributions. Cbief Ex¢eutlv¢ Olficer's Report 2024 was a yetr of growth and innovation. We expanded our office space. Introduced a dedicated MIDAS training room. and $tr¢n8thened our nwia8¢ment structure to support our expandin8 setvices. Key d¢velopments included: - Launching WA1Br¢ak and the Out & About car scheme. both heavily sub3idised to maximise community benefiL - Investing £20.000 in a wheelchair-a¢¢essible VW Caddy to meet local dernand. - Absorbing £5,500 in site fees for our community caravan to keep costs affordabl¢. - Welcoming Emily Johnson as our offi¢¢ junior to support administration and enhance our social media pre5cnce. Our income rose by 17%, enabling to upade vehicles and offer free transport to lon8-tsrni member groups and other community organtsations. We continued to support 14 SEND contracts, trpOrting ov¢r 120 children daily with the help of 28 dedicated drivers and assistsnts. Page I
W#tBus Report of the Trusttts for the Year Ended 31 Detewb¢r 21Y24 WATBUS Manage3 R¢port In 2024. we remained committed lo providing afforthble tratwt f voluntsry and community sector organisations. Highlights in¢lude: - £15,(100 in subsidised travel provided to over 30 organisstions. - 428 journeys supported through the Out & AiK)ut car sch¢m4 offering door.to4oor traPOrt for isolated individuals. . Launch of WATBreaK off(Yin8 respite care in a coastsl s¢ttin& FebaCk has been overwhelnun8ly positive. We also expanded our shopping shuttle services: . The Newbiggin Nipper now servcs Newbi88in.by4he-Sea and Ashington. - The CELL Shuttle restarted in April. nnectIng Cresswell, Ellin8to Lint0 I1 Lynemouth to Morp¢t Over 1,51XI pL8Sffl8et5 used these s¢rvi¢es betweffi April and December. MIDAS TrnlniDg WATBUS remains a Certified MIDAS training provider th8h the Communlty Tramport Association. In 2024. we introduced a new blended tr•ining mr&l combinin8 online theory with practi sessions. We delivered: . 59 Standard MIDAS cour8¢3 - 42 AC$S]b]e MIDAS courses Feedback has been ¢]1 with l¢wn¢rs prnising the supportive And knowled8eabl¢ train¢r& WATBIkn Manage5 Report WATBike promotes Cling for health aTrJ well&in8 thro. - Refurbishin8 donaied bikes - Repairs and servi¢in8 at our Kirkley workshop - Mobile 'Dr Bike. sessions across the Northeast - Free guided rid¢s . Transport for ¢y¢lin8 events and ¢hallen8es Durin8 2024, ow fo¢1 was to develop our "Dr Bik¢" offwing for the two Universiti¢s in NeW¢e upon Tyne. For Newwtl¢ University, we carry out sessions every two weeks at different locations around the campus - these fu5 on sAfety chttks WNI minor rtyairs. to keep as rnany bikes as possible fundioning Safely and efficiently for those comrnutin8 into the eity. For Northumbria University. the sessions are held once a month (Northumbria University a third of numbez of staff and students as Newcasde). Jn additio we hold popup Mles of refirbtshed bikes twic¢ a year at each lo¢10 with ¢y¢les sthrting frnm as little as £50. Aeross th¢ year. we worked aJon8side v•rious other charities and nOt..PrOfit or8anisations• providing free bikes as a method of transp)rt to people in need . those returrring to work for v8rious ren5. who may not be able to afford a car or for whom public transport is not readily available for their journeys (shift patterns isolated Communities etc.) EnvlroDm¢ntal Impaet: - Over 200 bikes stripped for parts or m¢tsl reuse - 1 500 kg of tyres recy¢led via Velorim We facilitated over 7.000 miles of guided rid¢s $Upwt cyclin8 events nationwide. Looklng Ahud to 2025 We will Continue to develop our key proiects-WATBreal Out & AbouL and shopping shuttles-while levera8in8 our stren. dedicated stsff and voliiittttr4 strg community tie4 and a trusted brand
WatBus Report of the Trnstses for the Y¢ar Ended 31 D¢eember 2024 Our 8oaJ remains to reduce SOCI exclusion and contribute to lowering health and social care costs acn)ss Northumberland. Fllnders We would like to thank our funders for their on80in8 and invaluAble support - Big Bike Revival - Northumberland County Council Community Chest STRATEGIC REPORT Reserves poltey As of 31 December 2024: - Tolal r¢s¢rves: £551.589 - Unrestricted fixed assets: £261,121 - Free r¢5erves: £290.468 With monthly expenditure at £47,916, w¢ meet our 3-rnonth reserve policy. Thte¢S wlll continue to review and aim to increas¢ reserves while supporting growth. STRUCTURE. GOVERNANCE AND K4NAGEME Covernlng document The Charity is controlled by its governing documenl a deed of trusL and constilutes a limited company. limited by guarantsq as defined by the Companies Art 2006. REFERENCE AND ADMLYISTRATIVE DETAll Reglst•r¢d Company number 03620232 (England and Wales) Reglst¢red Cbarlty Dumber 1076729 ReEiStered office Wansbeck Workspace W8nsb¢ck Business Park Ashxn8ton Northumlxrland NE63 8QZ Trustees LJKidd J Davenport ARWade J R Wakenshaw IDdepend¢Dt Examiner Peter Weldon & Co. Ltd 87 Ststion Road Ashington Northumberland NE63 8RS
WatBus Report of the Trust¢¢s for the Year Ended 31 Dee¢mber 21)24 Bankers Barclays Bank 53 Fawcdt Street Sunderland SRI IRS Report of the trwtees. inc4)rporatin compony direcknr4 ¢)n . Lg Ajaj c reporL approved by order of the board of tniste4 as the and on the boards behalf by: A R Wade. ThLStee
IndepeThd¢Dt Examinerls Report to the Trustees of WatBus Indep¢ndent exgminerfs report to the trustees of WatBus Cthe Company,) I report lo the tharity trustees on my examAnation of the accounts of the Company for the Y ended 31 Dernber 2024. Responsibilltles and basls of report As the charity's trustees of the Company (and also its directors ftir the purposes of company law) you are r¢sponsible for the preparntion of the accounts in accordan¢e with the rquirements of the Companies Act 2(KJ6 (lhe 2006 Ace). Having satisfied myself that the acry)unts of the Company are not required to b¢ audited under Part 16 of the 2006 A¢t and are eligible for independent examination, I report in re5P¢¢t of my examination of your charity's accounts as Garried out under Section 145 of the Charities Act 2011 (*he 2011 A¢V), In carrying out my exmnination I have followed the Directions given by th¢ Charity Commission under Section 145(5) (b) of the 201 l Act. tnaependent exAmiDer'g $tatem¢nt Since your charity's gross income exceeded £250,000 your examiner mt be a member of a listed body. I can confinn that l am qualified to undertak¢ the examination because l am a member of the Institute of Chartered Accountants in En8land and Wale4 which is one of the listed bodies. I have completed my exwnination. I confinn that no matters hav¢ ¢ome to my attention in ¢onnection with the examination giving me cause to believe: a¢¢ountinB records wer¢ not kept in respect of the Cornpany as required by Section 386 of the 2006 Act; or the accounts do not accord with those rewrds: or th¢ a¢¢ounts do not comply with the accounting requirements of Section 396 of the 21x16 Act other than any requirement that the a¢wunts give a true and fair view whi¢h is not a matter wnsidered part of 8n independent examination; or the accounts have not be prepared in awdance with th¢ methods and principles of the Statement of Remmended Prarti¢e for accounting and reporting by charities (appli¢able to charities preparing their accounts in accordance with th¢ FinanciaI Reportin8 Stsndard applicable in the UK and Republic of treland (FRS 102)). I have no Concen and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. P Weldon P¢ter Weldon & Co. Ltd 87 Ststion Road Ashinston Northumlxrland NE63 8RS Page 5
W8tBus ststement of Winanelal Aetiviti (Ineorpornting an Income and Expenditure Aceount) for th¢ Y¢ar Ended 31 D¢¢¢mb¢r 2024 21124 Total nds 2023 Total funds Unrestricted R¢Jtrlcted fund rund Notes INCOME AIW EIWOWMENfs FROM Donations and legacies 27,031 27,031 54,563 Other ts8ding activities Investment inrne 929,004 929,004 762,308 748 Total 958 109 958 109 817 619 EXPENDTnlRE ON Raising funds 13,156 13,156 5.347 Charltabla actlvltles WATBUS Activities WATBike Activities Support Costs WATBr¢ak Activities 568,328 105,346 160,358 464 568,328 105,346 160.358 464 470,223 114.885 139.177 Total 847 652 847 652 733 333 NET INCOME TrnDJfers between fvnd$ 110.457 110.457 84,286 15 Net movem¢nt ID funds 136,587 (26,130) 110.457 84.286 RECONCILIATION OF FUNDS Totsj funds brou8bt forward 415.002 26.130 441,132 356.846 TOTAL FUNDS CARRIED FORWAIU> 551589 551589 The notes fomi part of these financial statements Page 6
WatBus Bglance Sheet 31 D¢¢eDJber 2024 2024 Total funds 21n3 Tolv41 funds Unrestricted Restrlcted fund fund Notes FD ASSETS Tangible a5ts 12 261.121 261,121 203,815 CURRENT ASSETS Debtors Cash at bank and in hand 13 49,124 49,124 260 497 34.722 309.621 309.621 257.938 CREDfTORS Amounts fallin8 due within one year 14 (19,153) (19,153) (20,621) NET CURRENf ASSETS 290 468 TOTAL ASSETS LESS CURRENr LIABILTTIES 551,589 551,589 441,132 NET ASSETS 551589 551589 15 Unrestricted fimd$ Restricted fimds 551.589 415,002 551589 The charitable company is entitled to ex¢mption from audit under Sectioft 477 of the Companies Act 2006 for th¢ year ended 31 December 2024. The members have not required the company to obtsin an audit of its financial statements for the year ended 31 Derxmber 2024 in accordanc¢ with Section 476 of the Companies Act 2006. The trustees acknowled8¢ th¢ir responsibilities for (a) ensuring that the charitable company keeps accouThtin8 records that rnpty with Sections 386 and 387 of the Companies Act 2006 and (b) preparin8 fmanciAI ststements which give a trt gnd falr view of the state of affairs of the ¢haritable ¢ompany as at the end of each financial year and of its surplus or deficit for each fin•141 year in 4rdance with the requirements of Se¢tions 394 and 395 and which othenvise comply with the requirements of the Companies Act 2006 relating to financial statements, so fhr as applicable to the ¢haritable company. The notes forn) part of these financial ststernents Page 7 continu¢d...
WatBus Balatteo Sh¢et- ¢oDtSnMed 31 Deeember 2024 The financial statsments were approved by the Board of Thee$ and authorised for issue on ..I* TAM ..%Q.4.. and were Sied on its behalf by: A R Wade- Thtse The notes forni p4rt ofthese financial statements Page 8
WatBu8 Cath Flow StAtement for the Yr Ended 31 De¢ember 21ll4 2023 Notss Ca#h flows from operating gellvltl¢8 Cash 8en¢rat¢d from operations Interest ld 199944 157.687 1,774 Net C&8h Provid by operatin8 adivities 155 913 Cash flows from Investhig actlvltks Puhase of tangible fixed assets Sale of tangibk fixed 8S8¢ts (108.603) (54.598) (101177) 21,502 748 Net cash u3¢d in investing activities 161127) ChAng¢ In and euh qulv*kuts ID the r¢pordng perlod Cayb ind cash ¢quivalents at tbe boglnnAng of the repordD8 p¢riod 37281 75,986 Cash and ¢ash equfvalents at the •nd ofthe reportlng perlod
WtBtys Notss to the Cash Flow StstemeDt for the Year End¢d 31 Dttember 21ll4 RECONCILIATION OF NET llYCOME TO NET CASH FU)W TrROM OPERATllYG 2024 2023 Net Income for th¢ r¢portiDg period (as per the Ststsm¢nt of Financial Aclivitl¥) Adjustm¢nts for: Depr¢¢iation charges Loss on disposal of fixed assets Interest received tntere5t paid (tncr¢aseydecrease in debtors I10.457 84.286 93.800 11095 (1074) 1.536 (14,402) 71,730 5,347 (748) 1,774 29.474 N•t eajh provlded by op¢rtlonx 157687 ANALYSIS OF CHANGKS IN NEf FUNDS At IIA124 Ilow At 31111Q4 Cash at bank and in hand 223 Totsl 37 Page io
WtBus Notes to the Flnaactsl Statements for the Year Ended 31 Dttember 21ll4 Basis ofprep2riug the financial stst¢ments The financial statements of the charitsble ci)mpany which is a public benefit entity under FRS 102. hav¢ been prepared in ac with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recornmeded Pra¢ti¢e applicable to charities prepaTin8 their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Jreland {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ir¢land' and the Companies Act 2006. The financial statements have been wepared under tk histori cost ¢vention. In¢om¢ All income is reco8nised in the Si•tem¢nt of Finwial Activities 0e the charity h&8 ¢Dtitlement to the funds. it is probthle that the income will be received and the amount be meLsured reliably. Expenditure Liabilities are reCOlSed &8 expenditure as soon as there is a legal or constructive obligation mmitting the charity to that expenditure, it is prohble that a transfer of economic benefits will be required in settlement and the amount of the obli8ation can be measured reliably. Expenditure is Rwounted for on an accnwls basis and hgs been ClSIficd under headings that aweBat¢ all cost related to the cate81)ry. Where costs cannot be diredly attributed to Partilar headin83 they have been allocated to activities on a isis WlStl with the of resour. TaDglbl¢ fixed aM¢ts Depreciation is provided at the followin8 annual rntes in order to write off Ch tss¢t over its ¢5timad useful life. Modular Buildin8 Bike equipment Motor vehi¢les Computer equipm¢nt 33%Strai8ht Line 25% on reducin8 balance per annum 25% on redu¢in8 balance per annum 15%oncL Taxgtlon The ¢harity is exernpt from ¢orpmtion lax on its chuilable Artivitie& Fund aeeoontlng Unrestricted funds be used An a¢Wrd with the charitsbl¢ obje¢tAves at the discretion of the Restricted funds can be oseAI for parti¢ul8r re4ricted puryx)s¢s within th¢ objects of the chArity. Restrictions arise when Specifi by the donor or wh¢n funds are raised for particular restricted Furth¢r ¢xplanation of th¢ nature knd pwpose of ¢ath fund is included in the notes io the fIn¢la1 statements. Irr¢wv¢rabl¢ vat Irrecoverable VAT is included in the Ststement of FinwKial Activities and is reported as part of the expenditure to which it relates. Pa8ell ¢ontinue(L..
WatB Notes to the Flnancial Statements- contiDU for the Year Ended 31 Dettmber 2024 DONATIONS AND LEGACILS 21n4 2023 Donations 2024 2023 WAIBUS opernting income WATBike operatin8 income WATBreak opeTatin8 income 800.881 125.881 640,506 121.531 271 762 308 VEsfMENf llYCOME 2023 Deposit account int¢r¢st 074 748 RAIsc FUNDS Other trading aetlvhl 2024 2023 Bad debts Loss on sale of asgets Support eosts (see Dote 7) Totals WATBUS Activities WATBike Activities Support C¢)sts WATBreak Activities 568.328 105,346 93.800 568.328 105,346 160.358 66558 834 496 Page 12 continucd..
WatBus Notes to the nancial Statements- contlnued for the Year Ended 31 De¢emb¢r 2024 SUPPORT CO Management Support Co*s NET INCOMEI(EXPENDrruRE) Net incomel(exp¢nditure) is stated after clw8inyJ(ueditin8): 2024 2023 Depreciation. owned wets Deficit on disposal of fixed &ets 93,800 71,730 TRUSTEES, REMUNEKITION AND BENEFITS There w¢r¢ no trustees, Temunerntion or oth¢r bmxfits for the yw ¢nded 31 Dber 2024 nor for the year ended 31 Decemlxr 2023. Trust•W' ¢XP¢DM8 There were no trustees. expemes paid for th year ded 31 Decemb¥ 2024 )r for th year ended 31 D¢¢¢mb¢r2023. io. STAFF COSTS 2024 2023 Wa8es and salaries 364,909 Th¢ avera8¢ monthly number of employees durin8 the yw wjs as follows: 2024 19 2023 15 Employees FIE No employees received emoluments in excess of £60.1. Pa8e 13 continued..
WatB Notej to the TrlnaneiAI St2t¢mexts- continued for the Yr Ended 31 D•c¢mb¢r 21124 11. COMPARATtVES FOR THE sfATEMENf OF FllYANCIAL ACTivfTIES UDr¢strieted Rn¢t¢d fund fund Totsl nds Donations and legacies 54J63 54,563 Othv trading activities tnvestsnent inc<)me 762,308 762.308 Total 817619 817619 Raising funds 5J47 5.347 Charitgble g¢tlvhl WATBUS Adivities WATBik¢ Activities Support Costs WATBr¢ak Activities 470223 114.885 139,177 470,223 114,885 139,177 Total 733 733 333 NET INCOME 84.286 84.286 RECONCILIATION OF FUNDS Total fiuuts brought fonvard 330.716 26,130 356.846 FORWAIU> Page 14
W4tBus Notes to the Flnanelal Statements- contlnu¢d for th¢ Y¢ar Ended 31 Dernber 2024 12. TANCIBLE FIXED ASSETS Modular Buildlng Bike ¢qulpmont Caravan COST At l January 2024 Additions Disp05als 61,999 60,000 46,376 At 31 December 2024 DEPRECIATIOIY At l January 2024 Charge for year Eliminated on disposAI 61,999 15,000 15,000 39.707 1,668 At 31 December 2024 NET BOOK VALUE At 31 D¢rember 2024 At 31 De¢nber 2023 Motor v•hlel•s Computer equlpment Totals COST At I JAnuary 2024 Additions Di$p05als 719.979 106.726 22,091 1,877 910.445 108,603 At 31 De¢emlxr 2024 1053 347 DEPRECIATION At l January 2024 Charge for year Eliminatsd on disp05al 567,833 76,847 21091 285 706.630 93,800 At 31 D¢ber 2024 636 476 79 22 376 226 NET BOOK VALUE At 31 December 2024 261121 At 31 Dber 2023 152 146 203 815 Pa8¢ 15 continue(L..
WatB Notss to the FuwieiAI Ststem¢nts- eontinued for the Year Ended 31 D¢mber 2024 DEBTORS: AMOUM3 FALLING DUE WN ONE YEAR 2023 Trjdc debtors VAT epaents 8.172 12J80 28 575 12,376 14. CREDITORS: Amou FALLING DUE TlI¥ ONE YEAR 2024 2023 Trade CTeAlitors Other creditors Arned expen 11.496 1,931 2.818 12.077 IS. MOVEMENf FUNIXS N•t movejnent Tranif¢r• b¢tw•en fundj At 31112124 Al Iiin4 Unrestrlcted funds General fund 415.002 110.457 26,130 551.589 trfd¢d fiindl Restricted fimd 26.130 (26.130) 110457 551589 Net movement in fu included in the alx)ve are as follow& Incomlng Resourcej Movement Tesourc¢8 •xp¢nd•d In fulld• Unrestricted fundi 958.109 (847.652) 110,457 TOTAL FiiNDS 958.109 110457 Page 16
WatBus Notes to the llDeRS1 StatemeRts- eontinued for the Year Ended 31 Detember 2024 I& MOVEMENf IN FUNDS- continued Comparatives for movement in funds movement In funds At 3V12123 At In123 UDrestrleted fuDds 330.716 84.286 415,002 Restricted funds 26.130 26.130 TOTAL FUNDS Comparative net movemcnl in fund& included in the above are as follory. Incoming Ruollrtts Movemeot resources e4bended in funds Ullrestricted funds Genual fimd 817.619 {733 J33) 84,286 817619 733.333 A current year 12 months and prior year 12 montlL8 Cnb]ned position is as foll Net ovem¢Dt Transfers between nds At 31112124 At mn3 Unrestricted funds 330.716 194.743 26.130 551.589 Restrict¢d funds 26.130 (26.130) 35 846 194.743 551.589 Page 17 ontinued..
Notes to the FIDallcfial St4tements- tontiau for the Year Ended 31 Decemhr 21J24 I& MOVEME IN FUNDS- cont5Dued A current y¢ar 12 months and prior year 12 month5 combined net movem¢nt in fimds. included in the above are as foll ltscomiDg Resources Movement resonrcej expeDd¢d In funds Unrestrleted funds 1.775.728 (1,580.985) 194.743 TOTAL FUNDS I& RELATED PARTY DISCLOSURES Trr¢ w¢r¢ no related party transa¥*ons for the year ended 31 DK¢mber 2024. Pa8e 18
WatBus Detail¢d Statement of WDelaI Aetivities for the Year EDded 31 Deeember 2024 2024 2023 Donations and leggcles Donations 27.031 54.563 Oth¢r tradlng actlvldes WATBUS operating incom¢ WATBike operating income WATBreak opernting inLI)me 800,881 125,881 640.506 121.531 271 929.004 762.308 Investment Ineome D¢po$it arxount intexest 748 Total Incomlng resourtts 958.109 817.619 EXPENDrruiLE Other tradlng aetlvltl¢s Bad debts Loss on sale of tangible fix41 assets 1,061 13.156 5,347 Charltable actlvltléj Employee costs WATBUS a¢tiviti WATBike activities WATBreak a1VitieS Depreciation 364,909 165.399 54,800 3,701 181,627 45,143 464 767,938 660,539 Support eosts Management Rent and oth¢r office costs Le8al and professional Accountancy and bkeeping Travel and subsisten¢¢ Advertising and marking Bank interest 40.824 5.059 4.601 6.341 8.197 1.536 39,051 5,637 5.428 5.014 10.543 66.558 67,447 This page does form of the #atthry financi stst&n¢nts Pa8e 19
WatBus Ddalled Ststsment of ela1 Aetivities ror the Year FAed 31 Dmber 21124 2024 2023 847,652 733 333 Net income 110457 Page 20