| Trustees' annual report (incorporating the |
Trustees' annual report (incorporating the |
directors' | report) | Page 3 |
|
|---|---|---|---|---|---|
| Independent auditor's |
report to the members | 10 | |||
| Statement offinancial | activities (including | income and expenditure | account) | ||
| Statement offinancial | position | ||||
| Notes to the financial | statements | 17 |
| Reference | and administrative | and administrative | details | ||
|---|---|---|---|---|---|
| Registered | charity name | The Wheels Project Limited | |||
| Charity registration | number | 1081236 | |||
| Company | registration | number | 02745215 | ||
| Principal office and registered | 31-32 | ||||
| office | Bonville Road | ||||
| Brislington | |||||
| Bristol | |||||
| BS45QH | |||||
| The trustees | |||||
| Mr N JAdams | |||||
| Mr D V Smithen | |||||
| Ms RWheatley | |||||
| Ms SCrew | |||||
| Mr K Rundle | |||||
| J Schofield | |||||
| D Cousins | |||||
| Company | secretary | Mr D VSmithen | |||
| Auditor | Elliott Bunker Limited | ||||
| Chartered accountants |
&statutory | auditor | |||
| 61 Macrae Road | |||||
| Ham Green | |||||
| Bristol | |||||
| 8620 ODD | |||||
| Bankers | HSBC Bank pic | ||||
| 817Bath Road | |||||
| Brislington | |||||
| Bristol | |||||
| BS45PF |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | E | E | E | E | ||||
| Income and endowments | ||||||||
| Donations and legacies |
5 | 184,984 | 19,000 | 203,984 | 262,295 | |||
| Charitable activities |
6 | 64,995 | 64,995 | 28,130 | ||||
| Investment income |
7 | 17 | 17 | 200 | ||||
| Total income | 249,996 | 19,000 | 268,996 | 290,625 | ||||
| Expenditure | ||||||||
| Expenditure on raising funds: |
||||||||
| Costs of raising donations | and | |||||||
| legacies | 8 | 13,377 | 13,377 | 19,714 | ||||
| Expenditure on charitable |
activities | 9 | 254,205 | 3,000 | 257,205 | 250,595 | ||
| Total expenditure | 267,582 | 3,000 | 270,582 | 270,309 | ||||
| Net (expenditure)/income | and | net movement | ||||||
| in funds | (17,586) | 16,000 | (1,586) | 20,316 | ||||
| Reconciliation offunds |
||||||||
| Total funds brought forward |
176,984 | 176,984 | 156,668 | |||||
| Total funds carried forward | 159,398 | 16,000 | 175,398 | 176,984 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | E | E | ||
| Fixed assets | ||||
| Tangible fixed assets | 14 | 4,658 | 4,723 | |
| Current assets | ||||
| Debtors Cash at bank and in |
hand | 20,839 171,286 |
74,747 113,732 |
|
| 192,125 | 188,479 | |||
| Creditors: amounts | falling due within one year | 16 | 21,285 | 16,218 |
| Net current assets | 170,840 | 172,261 | ||
| Total assets less current liabilities | 175,398 | 176,984 | ||
| Net assets | 175,398 | 176,984 | ||
| Funds ofthe charity | ||||
| Restricted funds | 16,000 | |||
| Unrestricted funds |
159,398 | 176,984 | ||
| Total charity funds | 19 | 175,398 | 176,984 |
| Unrestricted | Restdcted | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | ||||
| Donations | ||||||
| Donations | 124,305 | 124,305 | ||||
| Grants | ||||||
| Gosling Foundation | ||||||
| The Stone | Family Foundation | 40,000 | 16,000 | 58,000 | ||
| The Portishead | Nautical | Trust | 3,000 | 3,000 | ||
| Government | grant income | 20,679 | 20,879 | |||
| Youth COVID | grant | |||||
| 184,984 | 19,000 | 203,984 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds f |
Funds 5 |
2021 | ||||
| Donations | ||||||
| Donations | 112,356 | 112,356 | ||||
| Grants | ||||||
| Gosling Foundation | 8,000 | 8,000 | ||||
| The Stone | Family Foundation | 25,000 | 25,000 | |||
| The Portishead | Nautical | Trust | 3,000 | 3,000 | ||
| Government | grant income | 55,545 | 55,545 | |||
| Youth COVID | grant | 58,394 | 58,394 | |||
| 251,295 | 11,000 | 262,295 |
| Other grants and donations | received | include the following of51,000 or over: | |
|---|---|---|---|
| The John James Bristol Foundation | 815,000 | ||
| The Sinks Trust | E5,000 | ||
| The Spielman Charitable Trust |
515,000 | ||
| The Burden Trust | 210,000 | ||
| Avon &Somerset Police Community | Trust | 510,000 | |
| Mary and John Prior | f5,000 | ||
| Garfield Weston Foundation | 225,000 | ||
| Masonic Charitable Foundation |
54,200 | ||
| Denman Charitable Trust |
510,000 | ||
| Trusthouse Charitable Trust |
59,700 | ||
| Medlock Charitable Trust |
55,000 | ||
| The Notgrove Trust |
55,000 | ||
| The Mary Homfray Charitable |
Trust | E3,000 |
| Chantab | le activities |
||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
| Funds | 2022 | Funds | 2021 | ||||
| E | |||||||
| Course | fees | 64,995 | 64,695 | 28,130 | 28,130 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||
| E | 8 | ||||||
| Bank | interest receivable | 17 | 17 | 200 | 200 | ||
| Coats | ofraising donations | and legacies | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2021 | ||||
| F | |||||||
| Costs | ofraising donations | and legacies- | |||||
| Grants | receivable | 13,377 | 13,377 | 19,714 | 19,714 |
| 9. | Expenditure | on charitabl | e activities by fund type |
|||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| 6 | 8 | |||||
| Course costs | 250,317 | 3,000 | 253,317 | |||
| Support costs | 3,888 | 3,888 | ||||
| 254,205 | 3,000 | 257,205 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2021 | ||||
| 6 | 5 | |||||
| Course costs | 232,935 | 11,000 | 243,935 | |||
| Supportcosts | 6,660 | 6,660 | ||||
| 239,595 | 11,000 | 250,595 | ||||
| 10. | Analysis of | support costs | ||||
| Activities | ||||||
| undertaken | ||||||
| directly | Total 2022 | Total 2021 | ||||
| 5 | 5 | 5 | ||||
| Governance | costs | 3,888 | 3,888 | 6,660 | ||
| 11. | Net (expenditure)/income | |||||
| Net (expenditure)/income | is stated after charging/(crediting): | |||||
| 2022 | 2021 | |||||
| 6 | 6 | |||||
| Depreciation | oftangible fixed assets | 1,521 | 1,573 | |||
| Fees payable | for the audit ofthe financial statements | 3.733 | 4,503 |
| equivalent employees during the year is analys |
ed as follows: |
|
|---|---|---|
| 2022 | 2021 | |
| No. | No. | |
| Admin | 2 | 2 |
| Operational | 2 | 2 |
| 4 | 4 |
| ended 31 March 2 | 022 | ||||
|---|---|---|---|---|---|
| The total staff costs and | employee | benefits forthe reporting | period are | analysed as follows: | |
| 2022 | 2021 | ||||
| 5 | |||||
| Wages and salaries | 142,067 | 139,111 | |||
| Social security costs | 10,717 | 11,351 | |||
| Employer contributions | to pension | plans | 7,101 | 6,709 | |
| 159,885 | 157,171 |
| Fixtures and | |||||
|---|---|---|---|---|---|
| fittings | Motor vehicles | Equipment | Total | ||
| E | E | 5 | |||
| Cost | |||||
| At 1 Apr 2021 | 82,444 | 27,846 | 142,785 | 253,075 | |
| Additions | 1,356 | 1,356 | |||
| At 31 Mar 2022 | 82,444 | 27,846 | 144,141 | 254,431 | |
| Depreciation | |||||
| At 1Apr2021 | 81,184 | 27,172 | 139,996 | 248,352 | |
| Charge for the year | 315 | 169 | 1,037 | 1,521 | |
| At 31 Mar 2022 | 81,499 | 27,341 | 141,033 | 249,873 | |
| Carrying amount |
|||||
| At 31 Mar 2022 | 945 | 505 | 3,108 | 4,556 | |
| At 31 Mar 2021 | 1,260 | 674 | 2,789 | 4,723 | |
| Debtors | |||||
| 2022 | 2021 | ||||
| Trade debtors | 8,875 | 2,380 | |||
| Prepayments | and accrued income | 11,964 | 72,367 | ||
| 20,839 | 74,747 |
| Creditors: amounts f |
alling due within one year | ||
|---|---|---|---|
| 2822 | 2021 | ||
| F | |||
| Trade creditors | 6,234 | 1,425 | |
| Accruals and deferred | income | 6,084 | 9,443 |
| Social security and other taxes | 3,738 | 3,621 | |
| Other creditors | 5,228 | 1,729 | |
| 21,285 | 16,218 |
| The amounts | recognise | d in the financi |
al statements | for government grants |
are as follows: | |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | ||||||
| Recognised | in income | from donations | and legacies: | |||
| Government | grants income |
20,679 | 55,545 | |||
| Analysis of | charitable | funds |
| At | ||||||
|---|---|---|---|---|---|---|
| At 1 Apr 2021 f |
Income f |
Expenditure f |
31 Mar 2022 E |
|||
| General funds | 176,984 | 249,996 | (267,582) | 169,398 | ||
| At | ||||||
| At 1 Apr 2020 | Income | Expenditure f |
31 Mar 2021 f |
|||
| General funds | 156,668 | 279,625 | (259,309) | 176,984 | ||
| Restricted | funds | |||||
| At | ||||||
| At 1 Apr 2021 f |
Income f |
Expendituref | 31 Mar 2022 f |
|||
| Stone Family Foundation | 16,000 | 18,000 | ||||
| Gosling Foundation | ||||||
| Portishead | Nautical | Trust | 3,000 | (3,000) | ||
| 19,000 | (3,000) | 18,000 | ||||
| At | ||||||
| At 1 Apr 2020 f |
Income f |
Expendituref | 31 Mar 2021 | |||
| Stone Family Foundation | ||||||
| Gosling Foundation | 8,000 | (8,000) | ||||
| Portishead | Nautical | Trust | 3,000 | (3,000) | ||
| 11,000 | (11,000) |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| 5 | F | |||
| Tangible fixed assets | 4,558 | 4,558 | ||
| Current assets | 176,125 | 16,000 | 192,125 | |
| Creditors less than | 1 year | (21,285) | (21,285) | |
| Net assets | 159,398 | 16,000 | 175,388 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 6 | 6 | |||
| Tangible fixed assets | 4,723 | 4,723 | ||
| Current assets | 180,954 | 180,954 | ||
| Creditors less than | 1 year | (16,218) | (16,218) | |
| Net assets | 169,459 | 169,459 |
| Operating | lease commit | lease commit | ments | |||
|---|---|---|---|---|---|---|
| The total | future minimum | lease payments | under non-cancellable | operating leases are as follows: | ||
| 2022 | 2021 | |||||
| 6 | F | |||||
| Not later than | 1 year | 31,250 | 31,250 | |||
| Later than | 1 year and not | later than 5years | 31,250 | |||
| 31,250 | 62,500 |