REGisfERED COMPANY NUMBER: 03620232 (EnglaDd 4Dd Wglu) REGisfERED CHAIUTY NUMBER: 1076729 Report orth¢ Tru¥tee• #Ad UMwdlt¢d Statements for the Y¢ar Ended 31 Dettmber 2025 W•tBM• 87 Ststion Road Ashington Northumberland NE63 8RS
WgtBus CoDt¢nts ofthe Flllalldal Statements for lh¢ Y¢ar Ended 31 De¢ember2025 Report of the Ttee8 Independent Examlnerfs Report StstemeDt of FIDaD¢lal Actlvltles B21aDee Sheet 9 to 10 Cash Fknv Ststement Notes to tbe Cash Trlow Ststement 12 Notss to the FID#n¢1 Stst¢ments 13 to 21 Detalled StateJDent of Fin8neial A¢tfvitie8 22 to 23
WatBus Report of tbt Tr1$ for the Year Ended 31 Detember 2025 Introductloll The Tne4 who also serve as directors under company law. we ple&8ed to present the annual T¢POrt 8nd financial ststem¢nts for the year ending 3 1st De¢¢mber 2025. This rep)rt h&8 been Prepar in a¢¢ord8nce with the Charities Statement of Recomm¢nded Practice (SORP) under FRS 102. Charitsblt Objectfves and lrnpaet In 2025. WATBUS continued its mission to wovide highqllty. affordable community transport acros8 Northumberland and surrounding areas. Sin¢¢ its inceptiofy the charity IMS gro and evolved to meet increasing demarf reinvesting whcrevcr it is Possible to eh8Th services. WATBUS plays a vitsl role in improving the quaity Of life for itidividuals with div¢e need4 offttin8 essential access to educatio hea111KK ¢mpbymenL and social opportuniti¢s. As the Community TranstK)rt Association highlights. ¢(Unity trin4K>rt fosters Inclusio ernweM1eft( and comlection-values Lyntral to our work Our mission statement: o provide friendly and Fyofessional commimity trawrt and cycling servitts that etthance connectednts social Inclusio and the mentsi and physi1 welkbeing of the communities we serve.. In 2025. our fleet of 24 Vehi¢lcs-in¢hiti8 five Adaed for wheelchair users4overed 26(500 miles 8ftd trans over 60.000 pa&sen8ers. Cbalrfs StatemtDt- Aliitslr Wxde It gives me pleasure, on behalf of the Board of Tniste4 to present the Annu A)Ullts for WATBu8 Community Transport for the year ending 2025. Over the past year. WATBUS has continued to play a vitsl role yn suEwrting individuals 8nd communities by providing safr, reliable, and acc1b]e services. Our work h¢lp5 reduce isolation. improve wellbein& and enable Ewpje of all ages and abilities to remain xtive and conne¢led within their ¢ommunities. Our team * WATBike has made signific8nt with a foclls on the Tefiubishment of unwanted bikes and is delithted that we provided over 100 to those in nee Our WATBreak static caravan project lo SUprt tly)se WI may need a respi iyeak has wntinu¢d to grow with many mor¢ ixyokiDgs. Despite ongoing financial pressu afftcting both the trans and voluntary sector& WATBUS has remained resilient and committed kn delivering higwty services. As with any Organizatio it is attention to detail that makes the difference and continues to strengthen our reputation. This has oJ)ly been po&8ibl¢ through the dedication of our maNgement team. who have been fantastic and are to be Congrntulthd. Jn addition. our staff, volunteers. trustee4 and supiyrn WI hard work and commitint continu¢ to tt Thank you. Our f$ on building partherships with other organisatio h8s proved both positive and rewarding. tn what continues to be a challenging environment for charities generally, we believe that Working ¢ollaborativ¢ly helps build a styonger and more sustainthle sector tor the future. W¢ would not b¢ abl¢ to a¢hi¢v¢ all that w¢ do wiihout th¢ ¢onlinu¢d supN)rt of our volun¢rn. The Board would like to place on record tts sincere appreciation for the iDvtt]uable conlribution they make to the charity. Their generosity, commiknent and willingness to give their time remain at the heart of WATBUS. Whether supporting p&wngersJ &iSting with community tIVItieS or volUntlIng their time trj refirbish bike5 at WATBike for those in ne4 our volunteers make a SI1ficant difference to the Itves of the people we sery Th¢iT kindnw& ddl¢atio and community spirit are dwly Val<L and we thank each and every one of
WatB Report ofthè Tn1¢¢& (or th¢ Year Ended 31 De¢ember 2025 them for their ¢ontinued sUpportthrouglt 2025. I would also like to expm my Si¢re thanks to our SeThI users for their Wntind trust and suppori to our fimding partners and stakeholders for their ongoing confidence in our wort and to everyone involved in helping WATBUS fvlfil its mission. As we look ahea4 we rcLX)gni7K the challenges that remai but we Ire confident that WATBUS is well Chlef Exttlltlve Officè& Report 2025 has been a year of Consolidatio r¢siliene< and continued community imFKGt for WATBUS. Building on the strong foundalions laid in 2024. we Ik•ve focused on strengthening our ¢ore services, ¢nhaD¢ing operntional efficiency. and eAsurin8 We ¢ortinue to meet the growing dem for alble community Key developments this year include: Further embedding our WATBre•k and Out & Abollt car schem4 rA)Dtinu¢ to provide essentiaL subsidised support trj individuals and families who would otherwis¢ fa isol8tion or barriers to travel. Familie$ were able to tske advantsge of our WATBr¢ak ¢aravan, providing them with som¢ mu¢h-Deeded respite. The Out & kne[e was abk to deliver subsidised ioum¢ys for qualifying individuals. WATBike has continued its strong partnership with Newc&stle and Northumbria UniveitIeS, delivering regular Dr Bike s¢5sions alongside the sale of affordable refurbished cycles. Through wt fundin& we have i%en abl¢ to 125 bicycles fiee of charge to individuals eligible through our referrn] scheme. In totsI, we hav¢ refujbthed over 5(K) bikes that would Other have been d¢5tined for landfill. Ongoing investment in our tleet and regular maintenance ensures reliability. safety. and accessibility for ail s¢rYi¢¢ us¢ Strengthening our team slructh by adding a new volunteer ¢4xYdinator and internal capocity. enabling us to r¢spond rn0 eff¢¢tivety to xervice dem and maintsin high staftdards across all op¢rntions. Continued delivery of SEND transrt contsa¢ts. supFMxtitig children and young people to a¢¢¢ss education safely aDd Mwistctrtly. affordable 8nd accessible. This has included absorbing costs wh¢ nory and seeking external fvnding to Our work continues to make a tangible diffence to the lives of local residents¢]llg Isolatio enebling independence, and supporting some of the mosl vu]nerable memiws of our conununity. None of this would possible without the dedication of our stalt volllnteets and tnistee4 whose commilm¢nt 4nd professionalism remain at the heart of everythng we th). As we ahe rmin swtainabilty. innovatioffj and strengthening our commitment to th¢ Iwal community. ensuring WAIBu5 continueg to thliver essenti81 services for years to come.
WalB Report of the Trustees for the Year Eaded 31 D¢¢ember 2025 WATBlke MaDager Report WATBike is the part of the clwity which focuses on g¢tting MO people cycling for the mental and physi¢al health benefits this off¢rn. We do this predominantly throu8h: Offering serviGing and repairs from (w Kirkl¢y worksknp RefiJrbishin8 bik¢ donations from the publtc Providing transW for ¢yelists doing organised trip and ch•llenge rMle8 Running mobile "Dr Bike. MhniC sessions at venues around the Northe&8t Workin8 With lo¢ education facilities hospitab to enVrage staff and stutsnts to commute by bicycle In 2025. our main focus providing more than 125 free bi¢ycl¢s to people in need. With £10,000 fiuJdin8 fmm the Community Foundation, we worked with a ran8c of organisotions to support people who nee(kd a bike for traftsrt, work physical healt or mentsl w¢llbein& Referrals came from GPS, Iwspitais, charitie5, and social servi¢es with many bikes going to young peopl¢ in care. In December, w¢ also supported a14r8¢ Christmas project led by Fine and Dandi with CFFB. where local businesses and shops donatcd over 500 toy5 and games $0 every child could re¢eiv¢ • Christmas gift. WATBike contributed 25 bikes for ¢hildr¢n and young p¢opl¢ of all ages. Aeross the yeor, w¢ xi develo1 our"Dr Bike" mobil¢ mechanic Offeri As well •s continuin8 with th¢ regular s¢ssAons for Newcastk and Northumivia UniveTsitie4 we wenl Out to busiD¢sg parks and mana1 commercial Sit around Newcastle. W¢ secured fvnding of £71)00 from Cy¢ling UK to hold a series of events T¢s$ th¢ cty Ltre. as w¢ll for Northumbria Healthcar¢ Tnut at a number of hospitsl sites - Cramlington, Wansbeck and North Trneside. These events took the fomi of Dr Bike session4 short m•int¢nan¢¢ ¢l&sses. guided rid and sales of our refurbished bikes. We continue to facilitate ¢y¢lin8 ¥ross the whole of mainland UK for Cyclists of atl abilities and provide transport using our minibuses and SPla1]st trailers for challenges includin8 th¢ ff2C, cOt and Castlw. Reivers and Hadrian's Cy¢l¢way. We have provided transport for a group of young people doing their Duke of Edinburgh Silver Award and we supwtsl the 'Electric Cranks. ¢y¢l¢ gTOUP on a fundraisin8 tour of North Northumberland. The Electric Cranks are a unique group of pre- and pOStP heart and lung outpatients riding da1-aSSI#ed CltriC bik¢s throu1 Northumberland as of on inspiring journey focused on recovery, wellbeing and SUPrting one another. WATBus M*nagee8 R•p)rt In 2025. continued to pYovid¢ affordabk transport across Southeasl Northumberland and nearby areas for individual& h0o]S. sports team& and voluntary and (lVlty orgmistho Our Olrt & projett w)vided 1200 subsidized journeys for 60 Individua helping those in need of aGce5S to support wiips, local r¥leAs, and eswitial h¢alth 4ppointinent4 including visits to hospital4 GP4 and dentists. Page J
WatB Reporl of the Tru8teey ror tb¢ Ytr Ended 31 December 2025 WATBreaK our ¢ommunity Caravan projecl ¢nabled So, individuals. couples & fomilies to ewoy a mu¢h-ne¢ded break." During 2025, WATBUS reGruit¢d a new Volunteer Coordinator to supp)rt volunteers across both sit¢ providing a clear point of Trta¢t for day-to4ay volunteer activities. Our Shopping Shuttl¢$ held older peopl< disabled peopl< and those with mobility issues stay independent. The Newbiggin Nipper serves Newbiggin and Ashington, while th¢ CELL Shuttle ¢onne¢ts Cr¢$$well, Ellington. Linton, and Lyn¢mouth with MOTth. Tog6thei, th¢ shuttles Garried 2,580 pa5s¢n8ers. With funding from Northumberiand County Council's Hous¢hold Support Fund. we supported 806 individuals with food vou¢h¢rs, heat, and essential cooking equipmenl WATBUS provlded £6.556 of fre¢ transport to ¢haritie8 and community 8roups across Southeast Northumber1pd fjnd nearby ar¢as, ilUding local sports team4 Suts and Guides. older people's group4 and Carers, wups. Towards the end of 2025 we met wlth other Community Transport organisatioN within Northumberland & Surrounding areas to look to d¢v¢lop a ¢ommunity transport network. In 2025, we continued to deliver MIDAS training through a blended model of onlin¢ theory and prn¢tl¢al session4 completing 40 Standord and 58 Accessible courses. These practi¢al sessions were delivered across the Northeast for lo¢al s¢hools ond charitie4 includin8 Darlington. Hexham. Newcastle. Pontslan4 and Whltl¢y Bay. F¢¢db&ck h&8 been very positive. with learn¢r8 praislng our tsxiners for their supportive and knowledgeable approach. In 2026, we plan to appoint an additlonal staff member to support MIDAS d¢livery and aim to Introduce Passen8er Assistant ¢ourse$. Looking Ahead to 2026 In 2026. we will build on the strengths of our d¢dicatsd staff. volunteers. community Phrtnerships. and trusted local reputstion to further develop WATBr¢aK Out & AlxuL and the shopping shuttl¢s. We also plan to help establish a Communty Transport Organisation networK giving CTO$ a stron8er shared voice. Our aim remains to reduce so¢ial exclusion and help lower health and social care Costs Across Northumberland. Funders W¢ would like to thank our fimders for their ODgoin8 and invaluable SUprt Bi8 Bike Revival Communty Foundation Northeast Northumberland County Council
W4tBu$ Report of the Trnstees for the Year EDded 31 Detember 2025 STRATEGIC REPORT Reserves poIi¢y As of 31 Dec¢mb¢r 2025: . Totsl reserves: £575.1)40 . Restricted reserves: £4,390 . Unrestricted fixed a5s¢ts: £243,423 - Free reserves: £320,837 With monthly expenditure at £80.001 we meet otsr 3-month reserrfe policy. Tntst¢e$ will continue to rtview and aim to increase reserves while supporting growth. STRUCTURE, GOVERNANCE AND MANAGEMENT GoverDiDg document The charity 1$ ¢ontrolled by its governing docwnenl a deed of trusL and constitutes a limited ¢ompany. limited by guor8ntee, &8 defined by the Companies Act 21106. REFEREIYCE AND ADMINISTRATIVE DETAILS Registered Compny number 03620232 (England and Wales) Reglslered Charity nrymber 1076729 Reglsttred offiee Wansbeck Workspace Wansbeck Business P8 A5hington Northumberiand NE63 8QZ Trustees LJKidd J Dav¢nport ARWad¢ J R WakM$haw G Huntl¢y D W Aldetson (appointed 22109r2025) IndepeDdept Eumln*r Thornton Accountancy Ltd 87 Ststion Road Ashington Northumbertgnd NE63 8RS Page 5
WAtBuB Report of the TTU$te¢s for tbe Ye&r Ended 31 Dettmbtr 2•25 REFERKNCE AND ADMINISTRATIVE DETAILS B*nke BwdAys BAnk 53 F•w¢¢tt Strnet Sund¢rlAnd SRI IRS R¢port of the tru8ttt4 i ¢ompw directors. OD..... . strate8ic r¢fvirL approved by order of the bo•rd of truutee4 u th¢ and signed ¢)tt th¢ boaTd8 behalf by: A R W#d¢- Tnmtee Page 6
Ind¢peDdent Examiner's Report to the Tn¢¢¢$ of WatBus Independènt eer'S statement Since your oharity'5 gross income exceeded £250.000 your examiner must be a member of a listed body. I can nfinn that l am qualified to undertake the examination because l am a m¢mber of the Association of Chartered Certified Ac¢ountanty which 1$ one of the listed bodies. I Iw¢ ¢ompleted my examination. I ¢ODfirni that no matters have come to my attention in ¢omiection with the examination giving me ¢au5e to believe: accounting records wer¢ not kept in respe¢t of the Company as required by S¢¢tion 386 of the 2006 A¢t' or th¢ COUnts do not accord with those 0rd5' or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give 8 tTue and fair view which is not a matter considered as part of an independent examinatio or the accounts have not been prepared in a¢cordance with the methods and principles of the Statement of Recommended Practice for a¢¢ounting and rtporting by charities (applicable to charities prtparing th¢ir accouDts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 102)). I have no ¢oncerns and have come across no oth¢r matters in connection with th¢ examination lo which att¢ntion should be drnwn in this report in order to enable a proper understanding of the accounts to be rea¢he¢t S Courtney Thornton Ao¢ountancy Ltd 87 Ststion Road Ashington Northumberland NE63 8RS 2qli12
WatBus Stat¢Jnut of Fltt*xdal Acthi¢ies On¢orporating aD Ineome and Expendithre Ateo•nt) for the Year Ended 31 Decemb¢r2025 2025 Total funds Unrntrieted R¢strirted nd fund Totsl ronds Notes INCOME AND ENDOWMENTS FROM Donations and l¢ga¢ies 44.943 40,0(M) 84,943 27.031 Other trading a¢tiviti¢5 Investsn¢nt inrome Other income 892251 3,162 892.251 3.162 929.004 2.074 Total 983 477 958 109 EXPENDuRE ON Raising funds l3,156 Charftabk Actlvitie¥ WATBu5 Activities WATBike Activities Supwrt Costs WATBreak Activities 645.852 115J04 157.432 35.610 681,462 115,304 157,432 568.328 105,346 160,358 Totsl 847 652 NET INCOME 19.061 4J90 23,451 110.457 RECONCILIATION OF FUNDS Totsl fiulds ivought fonvard 551.589 551589 441.132 TOTAL FUNDS CARRIED FORWARD 570 650 90 575 040 551589
2025 Totsl funds rd FIXED ASSETS Tattgible gssets 13 241423 245.423 261,121 14 38A06 301835 38.806 49,124 at bfi&and ID 4390 341.641 4?> 346.031 309.621 CREDoRs 15 (16.414) (16,414) (19.153) 325 7 329 617 570,650 4J90 575.040 551,589 NET ASSETS 570 650 90 551589 16 570,650 551.589 TOTAL FUNDS 551589 for the year ended31 2025. 31 December 2025 in accordance with Se&ioD 476 of the ComF*nies Aet 2006. (a) £n9lTrg that the cbAritable compny k¢¢ps xwJntiD8 re<iYd8 that ¢ThMplywith S¢ctiw8 386 and 387 of the Companies Acl 20LNS and ¢ompany a$ 4t the ¢nd of eaeb year 4nd of its SUTph¥ or (kfrit for each fittancial yev in Tequiranellts of the C(unl Act 2(K)6 TdatiDg to fin]11 so far a8 aFyJicable to the charitable and si8tsed on its ¢brby.
WAtBus 31 D¢ttMber2025 A R Wad¢. Trwtee Pa8¢ 10
WtB fr•r the Yur Ended 31 Dmber 2025 2025 2024 Cash 8en¢rnted from operations terest PAid 117.916 731 199.944 Net c&%h provided by operating activiti&s 116185 C¥h tlows from IDvesll¥ aetlvltks Purchase of tangible fixed assets Sale of tan8ible red &qsets Int¢st re¢¢ived (85.919) 13JOO (108,603) (54,598) Net us¢d in investin8 activities 161 127 Change ID casb and ¢sk eqmlvthnts In the r¢portlng perlod Cash And e4sb equfv*l¢nts at th¢ b•glllDln8 oftb¢ r¢pordry perlfyl 46,728 37,281 223 216 C And qlllvthots li lh¢ ¢Ad of the rnportlllg p¢rlod 260 497 The ootes forni tArt of thcse financial $14temettts
WtB Notes to the C8b Flow Ststemenl for the Year Ended 31 Dettmber 2025 RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING AIVITIEs 2025 21124 Net Income for the reprdng pethd (as p¢r th¢ StstrmeD¢ of FlnaDclal Adivilrtl) Adjuslments for: Depreciation charges (Profity105s on disposd of fixed &ssets Interest reLYiv¢d Interest paid Decreasel{inGr¢as¢) in deirtors 23,451 110.457 91,438 (3,121) (3,162) 1.731 10,318 739 93,800 12.095 (2.074) 1.536 (14.402) Net ¢&4b provid by optrntlDnS 117916 ANALYSIS OF CHANGFS IN NET FUIYDS At Iiir25 Clsh Ilow At 31112rAs N¢t ¢¥sh Cash at bank and in hand 307 46 728 25 307 Totsl 307 225 The notes forni part of these finan¢iai StateMts Page 12
WAtBus Notrs to tbe FIDanelal Statements for the Ye2r Ended 31 December 2025 ACCOUNTING POLICIES Basts ofprnpArlng the flnaDelal ststemellts The financial statements of the charitable company. whi¢h 1$ a public benefit entity under FRS 102. have been prepared in accordance with the CharitiC5 SORP (FRS 102) 'Accounting ond Reporting by Charities: Stst¢m¢nt of Recommended Practice applicable to ¢harities preparin8 their a¢¢ounts in accordanc¢ with the Financial Reporting Standard applicable in the LIK and Republic of Ireland (FRS 102) {effectiv¢ l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in th¢ UK and Republi¢ of Ireland, and the Compani¢5 A¢t 2006. The financial statements have been prepar¢d und¢r th¢ historical cost convention. Ineome All income is recognised in the Ststement of Finan¢ial Activities once the Charity entitlement to the fimds, it is probable that the in¢om¢ will be received and the Amount can be mca5UT¢d reliably. Expendlthrn Liabilities are recognised as expenditure as 500n as th¢r¢ ig a l¢gal or constructive obligation ¢ommitting the charity to that expenditure. it is probable that a transfer of pxonomic benefits wlll be required in settlement and the amount of the obligation ¢An be m¢a8ured reliably. Expenditure Is account¢d for on an accruals basis and has been classified under headings that aggregate all cost r¢lat¢d to the category. Where costs cannot be directly attributed to partlculor headings they have b¢¢n allocated to activities on a basis consistent with the u8¢ of resourees. Grants Offer subj¢¢t to ¢onditions which have not been met at the year end dats ar¢ noted as a ommitment bul not ac¢ru¢d as expendlture. Tallglble aoKts D¢pre¢iation 1$ provided at the following annual rates in order to write off ¢h as8et over its ¢stimat¢d useful life. Modular Building Bike equipm¢nt Motor vehi¢les Computer equipment 33YtsStrai8ht Lin¢ 25Yty on r¢du¢ing balan¢¢ per annum 25% on redu¢in8 balance p¢r annum 15% on ¢ost Tax4tlon Th¢ chorlty is exempt from corporation tax on its charitable activities. Fund attountlng Unrestrictsd funds be used in ac¢ordan¢¢ with th¢ ¢haritabl¢ obJ¢¢tive$ at the discretion of the tru8tses. R¢stri¢t¢d funds can only be used for particular restricted purposes within the objects of th¢ charity. Restrictions arise when $pecified by the donor or when funds are raised fix particulor r¢stricted purposes. Further explanation of the nature and purpose of each fund is in¢luded in th¢ no¢¢$ to the finaftciai statements. Irrecoverable vat Irrecoverable VAT is included in the Statement of Financial Activities. and is r¢port¢d &9 part of the expenditure to which it relates. Page 13 continued...
WatBlls for the YMr Ended 31 Deeembtr 2025 DONATIONS AND LEGACIES 2024 Donations 2025 2024 WATBUS Oprating in¢ome WATBike operating in¢om¢ WATBreak opernting in¢om¢ 749.915 141.169 800.881 125.881 89 VEmE COmE 2025 2024 D¢p)sit a¢¢ount intere81 IL41SING FUNDS Other trad1 xtmd 2025 Bad dcbts Loss on sale of &ss¢ts P8ge 14 continued..
WatBDs Y40trs to the FlnaDeM StatsmeDts- ¢oDtlnued for Ihe Year Exded 31 I)ec¢mber 21125 GrnAt fumdlttg of aetlvliles {itt Dots Support ts (1¢¢ Dote 8) Tot WATBu5 A¢tivities WATBik¢ Activities Support Costs WATBreak Activities 645,852 115J04 91.438 35.610 681.462 115,304 157.432 65.994 GRANfs PAYABLE 2025 2024 WATBUS Activities SUPPORT COSTS ManAgem¢At Support Costs I¥ET INCOMFJ(EXPENDrruRE) Net incomel(expendituTe) 18 Stated after choT8inW(¢reditin. 2025 2024 D¢prKiation. Own a95ets SuTplusl{deficit) on disposal of fixed &8sets 91,438 93,800 10. TRUSTEES. REMUNERATION AND BENEFITS There were no tntstees, remuneration or other benefits for the Y ended 31 December 2025 nor for the year ended 31 December 2024. Trusteeg, expen There were no In, expenses pid for the year ended 31 December 2025 nor for the year ended 31 De¢¢mber 2024. Page 15 ontinued...
WtB• Notes to the FIDanCI StAtsDts- tonthiued for Ihe Year EDded 31 Dwember2025 li. STAFF COSTS 2025 2024 W#8es and saIaries 505 687 505 687 The av¢rage monthly number of ¢mployees during the year was as follows: 2025 19 Employ¢¢s FfE 19 No employees Teceived emoluments in ex¢ess of £60,(MXI. IL COMPARATIVES FOR THE ATEMEr OF Fll¥ANCIAL AcfiviTIES Unrestrleted Rejtrkted fund Total funds INCOME AND ENDOWMENTS FROM Donations lewies 27.031 27.031 Other trading activities Investment income 929.004 929,004 Total EXPENDITURE ON Raising funds 13,156 13.156 Cbgrltsble ciMiles W ATBUS Activities WATBike Activities SupFh)rt Costs WATBreak Adivities 568,328 105.346 160J58 464 568J28 105,346 160,358 464 Totsl NET INCOME Tr4wfers bttsveeD fandj 10.457 110.457 Net movement In fuDds 136587 (26,130) 110.457 RECONCILIATION OF FUNDS Total fimds brought foThvard 415.1)02 26,130 441.132 Page 16 continued..
WatBu8 to the Flttanclal Stat¢DK•ts- ¢omtln•ed for the Yur End 31 Detembtr 2025 12. COhfPARATIVLS FOR THE ATEMENT OF FINANCIAL A1vITIEs- eondnued Totsl Ddj FORWARD 551 551589 13. TANGIBLE FIXED A&SETS ModulAr BulldlDg Blkt equlpraenl C•r*vaD COST At l January 2025 Additions Dispwls 61,999 46.376 At 31 D¢¢¢mb¢r 2025 46 DEPRECIATION At l Jonuory 2025 Charge for year Eliminated on disposal 61,999 30,IXIO 15.(XlO 41.375 1248 At 31 December 2025 Nrf BOOK VALUE At 31 D¢¢ember 2025 At 31 D¢¢¢mb¢r 2024 Page 17
WatB Notrs to the fmandal Statements. ¢ottilnued for th• Year E•ded 31 Deeember 2025 TANGIBLE FIXED ¢ottthilled Motor vehlde8 Comp*ter equlpmellt Totals At l January 2025 Addilions Disposal$ 861,004 84290 23,968 1,629 1.053,347 85,919 At 31 Dec¢mber 2025 1121 170 DEPRECIATION At l January 2025 Char8¢ for year Eliminated on diswsal 636,476 74.662 22J76 528 792,226 91,438 At 31 December 2025 703 875 747 NET BOOK VALUE At 31 December 2025 At 31 December 2024 261 121 I& DEBTORS: AMouNfs FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors VAT Prepayments 4.186 6,033 8.172 12,380 Page 18 continued..
WatBws Not¢J to the Ffinan Stat¢mellts. eoxdDued for the Year EDded 31 Dtt¢mbtr 2025 15. 2024 Trnle creditors Other cr¢dito A¢¢rned expet 10,995 851 11,496 1.93l I& MOVEMENT JN FUNDS Net movtment in funds At 31112r25 At IILQ5 Gen¢ral fund 551589 19.061 570,650 Restsl¢ted funds 4,390 4J90 551589 Net movanent in fu18 included in the above aTe &8 follo lJcoml•g Resources Movemèttt Yejourees expended in fllttds UDrestii¢ted 943,477 (924.416) 19,061 Restritted funds 40.0 (35.610) 4J90 983 477 Pag¢ 19 Continu..
WatBus Notes to the FlnanelAI Statements- ¢ODtiDlled for the Year Ended 31 De¢¢mb¢r 2025 16. MOVEMENf IN FUNDS- ¢ontlDued Comp4rn1fves for movement In funds Net movemènt In funds Transferd between funds At 31112124 At 111124 UDr¢strl¢t¢d funds Gen¢ral fimd 415,002 110,457 26.130 551,589 R•strlded funds R¢$tricted fund 26.130 (26,130) TOTAL FUNDS 110457 551589 Comptirative net movement ID fund4 included in the above are as follows: In¢omlDg r4wure•s Resoureu Mov¢m¢nt expend ID fundi UnMtrl¢t¢d tsnd• Oeneral fvnd 958,109 (847.652) 110.457 TOTAL FUNDS 110457 A current year 12 months and prlor year 12 months combined position is &9 follows: Net movemeDt IM funds TrAttsfers betwee At 31112ns At IiirA4 UDnJtrkted fuDd8 General fund 415.002 129.518 26,130 570,650 Re8trleted Restricted fimd 26,130 4.390 {26,130) 4J90 TOTAL FUNDS 441132 133 908 Page 20 continueiL..
WatBug Notss to the FIDAD¢1 St•t¢m¢Dts- CODdDued for the Yeydr Ended 31 Deetmber 2025 I& MOVEMENT IN FUNDS- eoDtlnued A current year 12 months and prior year 12 months ¢ombined net movement in fimds, includ¢d in the above are as follows: IDcomlng r¢sourees Resour¢es Movement exp¢Dded ID funds Uttmtrkted ndS G¢n¢rai fimd 1,901,586 (1.772.068) 129,518 Restrleted funds Regtricted fimd 40.1)00 (35,610) 4,390 TOTAL FUNDS 133 908 17. RELATED PARTY DISCLOSURES There were no related paty transa¢tions for the yeor ended 31 December 2025. Page 21
WatBu8 Detalled St•t¢m¢nt of FIDaDclal Activities for the Y¢ar Ended 31 December 2025 2025 2024 INCOME AND ENDOWMENTS Don*ilon8 And le¥a¢les Gifts Donations (2) 84.943 27.031 Other tradln8 a¢tfvlilei WATBUS operating income WATBik¢ opernting income WATBreak operating incom¢ 749.915 141,169 800,881 l25,881 891251 929,004 D¢poslt account interest 3.162 2.074 Other Incoe Gain on sale of tan8lbl¢ rd os9¢ts Total Ineomlng rewur¢¢• 983,477 958,109 EXPENDITURE Other trndlni aedvl¢l Bad debts Los8 on sal¢ of tangible red assets 1.061 13.156 CharltAble aetlvlll Employee costs WATBu5 activities WATBik¢ actlviti¢s WATBTe8k activities tkpr¢¢iation Grants to individuals 505.687 205.357 50.112 5,828 91,438 446,904 181,627 45,143 464 93,800 894,Q32 767,938 Support ¢o$ts Managemenl Rent and other office costs Carried forward 46,857 46,857 40,824 40,824 This pa8e does not forn) part of the ststutory financial statements Page 22
WAIBllg for the Year Ended 31 De¢¢mb¢r 2025 2025 Management Broughl forward ixgal and professional Accountancy and ix)okkwitiB Travel and subsist¢nc¢ Advertising and markcting Bank interest 46,857 4.148 5.156 1.392 6,710 40.824 5,059 4,601 6,341 8.197 Total resourLX8 ¢xpcnded Not IDeom¢ 110457 This page does Th)t forni part ofth¢ slaiutory financial statements