2022-07-31-accounts - Weardale Community Transport Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

					Page
Trustees' Annual Report (Incorporating the			Director's Report)
Independent Examiner's	Report	to the Trustees
Statement of Financial	Activities	(Including	Income and Expenditure	Account)
Statement of Rnancial	Poswon
Statement ofCash Flows
Notes to the Accounts
The Following Pages	Do Not	Form Part	ofthe Accounts
Detailed Statement of Financial		Activities			17

	Year Ended 31Suly 2022
		2022	2021
Cash Flows from Operating	Activities
Net income		8,034	21,081
Adjustments for:
Depreciation of tangible fixed	assets	46,681	51,317
Other interest receivable and	similar income	(49)	(31)
Accrued expenses		5,985	8,251
Changes in:
Trade and other debtors		(2,945)	(29,599)
Trade and other creditors		6,467	3,197
Cash generated from operations		64,173	54,216
Interest received		49	31
Net cash from operating activities		64,222	54,247
Cash Flows from Investing	Activities
Purchase of tangible assets		(40,000)	(65,599)
Proceeds from sale of tangible assets			7,228
Net cash used in investing activities		(40,000)	(58,371)
Net Increasel(Decrease) In	Cash and Cash Equivalents	24,222	(4,124)
Cash and Cash Equivalents	at Beginning ofYear	132,714	136,838
Cash and Cash Equivalents	at End ofYear	156,936	132,714

9.	Expenditure		on Charitabl	e	Activ	ities by Fund	T	ype	ype
								Unrestricted			Restricted	Total Funds
									Funds		Funds		2022
	Expenditure		on charitable	activIes (see page 18)					503,662				503,662
								Unrestricted			Restricted	Total Funds
									Funds		Funds		2021
											E
	Expenditure		on charitable	activities (see page 18)					437,643		10,100		447,743.
10.	Expenditure		on Charitable		Activities by Activity			Type
									Activities
									undertaken	Total funds		Total fund
									directly		2022		2021
											R
	Expenditure		on charitable	activities (see page 18)					503,662		503,662		447,743
11.	Net Income
	Net income	is stated after		charging/(crediting):
											2022		2021
	Depreciation		of tangible fixed assets								46,681		51,317
12.	Independent		Examination		Fees
											2022		2021
	Fees payable to the independent					examiner for:
	Independent		examination	of	the accounts						600		600
	Other financial servIces										72		360
											672		960
13.	Staff Costs		and Emoluments
	The average		head count of		employees during		the	year	was 18(2021:		18).The average		number
	of full-time	equivalent employees				during the year is analysed as follows:
											2022		2021
											No.		No.
	Number of	staff									18		18
	No employee		received employee			benefits of more		than 860,000 during		the year (2021:Nil).
	Key Management Personnel

			2021
Income and endowments
Donations and legacies
Donations		182	859
Power to Change grant			18,000
		1.82	18,859
Charitable activities
Sustainable Rural Transport		8,924	9,565
Car share scheme		10,988	13,600
Community Transport	Services	11,717	2,049
S100			1,729
Dial A Ride		851	1,084
Patient Transport Services		454,808	386,218
Wheels to Meals		1,349	142
Other income		1,725
		490,362	414,387
Investment Income
Bank interest receivable		49	31
Other income
BSOG		15,440	15,424
Membership		525
Insurance claim		250
Employment allowance		4,000
Job Retention Scheme		888	10,123
Covid grant			10,000
		21,103	35,547
Total income		511,696	468,824

		2022	2021
Expenditure
Wages		294)044	266,923
Employer's NIC			10,501
Pension costs			4,540
Rent		9,243	12,236
Light &heat		2,616	1,414
Repairs & maintenance		1,508	2,686
Insurance		24,581	20,661
Vehicle running costs		108,307	53,663
Legal &professional	fees	3,657	9,658
Telephone, postage,	ITand stationery	7,295	5,262
Depreciation		46,681	51,317
Profit on disposal ofvehicles Wheels to Meals project		318	(5,572) 486
Volunteer expenses		624	364
WCP projects		36	1,199
Staff training and welfare		3,638	5,663
Other costs		1,114	6,742
Total expenditure		503,662	447,743
Net income		8,034	21,081