2022-03-31-accounts - Wight Community Access Ltd

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

					2022	2021
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets			35,605	7,245	42,850	51,184
CURRENT ASSETS
Debtors			1,785		1,785	6,930
Prepayments and accrued income			4,811		4,811	4,811
Cash at bank and in hand			126,064		126,064	86,394
			132,660		132,660	98,135
CREDITORS
Amounts falling due within one year			(2,269)		(2,269)	(2,625)
NET CURRENT ASSETS			130,391		130)391	95,510
TOTAL ASSETSLESSCURRENT
LIABILITIES			165,996	7,245	173,241	146,694
CREDITORS
Amounts falling due after more than one year		10	(500)		(500)	(500)
NET ASSETS			165,496	7,245	172,741	146,194
FUNDS		12
Unrestricted funds					165,496	136,879
Restricted funds					7,245	9,315
TOTAL FUNDS					172,741	146,194

2.	OTHER TRADING ACTIVITIES
		2022	2021
	Shop income	36,697	15,380
3.	NKT INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated aAer charging/(crediting):
		2022	2021
	Depreciation - owned assets	8,334	8,409
	Surplus on disposal offixed assets		(2,000)

				2022	2021
	Patt-time fleet manager				1
	Part time bus drivers				2
	No employees received emoluments	in excess of560,000.
6.	COMPARATIVES FORTHK STATEMENT OF FINANCIAL		ACTIVITIES
			Unrestricted	Restricted	Total
			fund	funds	funds
	INCOME AND ENDO'iA'MENTS	FROM
	Donations and legacies		81,494		81,494
	Charitable activities
	Charitable provision oftransport		28,773		28,773
	Other trading activities		15,380		15,380
	Total		125,647		125,647
	EXPENDITURE ON
	Raising funds		5,892		5,892
	Charitable activities
	Charitable provision oftransport		78,191	1,035	79,226

6.	COMPARATIVES FORTHE STATEMENT	COMPARATIVES FORTHE STATEMENT	OF FINANCIAL ACTIVITIES - continued	OF FINANCIAL ACTIVITIES - continued	OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				fund	funds	funds
	Total			84,083	1,035	85,118
	NET INCOME/(EXPENDITURE)			41,564	(1,035)	40,529
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		95,315	10,350	105,665
	TOTAL FUNDS CARRIED FORWARD			136,879	9,315	146,194
7.	TANGIBLE FIXED	ASSETS
			Fixtures
			and	Motor	Computer
			fittings	vehicles	equipment	Totals
	COST
	At 1 April 2021 and 31March 2022		1,800	164,194	2,320	168,314
	DEPRECIATION
	At 1 April 2021		1,800	113,249	2,081	117,130
	Charge for year			8,215	119	8,334
	At 31March 2022		1,800	121,464	2,200	125,464
	NET BOOK VALUE
	At 31March 2022			42,730	120	42,850
	At 31March 2021			50,945	239	51,184
8.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					2022	2021
	Other debtors				80
	VAT				1,705	6,930
					1,785	6,930

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE	YEAR
				2022	2021
	Other loans (see note 11)			500	500
	Other creditors			169	535
	Accrued expenses			1,600	1,590
				2,269	2,625
	Included within other creditors are credit card balances totalling	f.169(2021:f535).
10.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN		ONE YEAR
				2022	2021
	Other loans (see note 11)			500	500
	Other creditors consists ofinterest free loans from local Parish Councils.
11.	LOANS
	An analysis ofthe maturity ofloans is given below:
				2022	2021
	Amounts falling due within one year on demand:
	Other loans			500	500
	Amounts falling between one and two years:
	Other loans - 1-2years			500	500
12.	MOVEMENT IN FUNDS
				Net
				movement
		At	1.4.21	in funds	At 31.3.22
	Unrestricted funds
	General fund	136,879		28,617	165,496
	Restricted funds
	Isle ofWight Foundation		9,315	(2,070)	7,245
	TOTAL FUNDS	146,194		26,547	172,741

Net movement	in funds, included in the above	in funds, included in the above	are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				110,646	(82,029)	28,617
Restricted funds
Isle ofWight Foundation					(2,070)	(2,070)
TOTAL FUNDS				110,646	(84,099)	26,547
Comparatives	for movement	in funds
					Net
					movement
				At 1.4.20	in funds	At 31.3.21
Unrestricted	funds
General fund				95,315	41,564	136,879
Restricted funds
Isle ofWight	Foundation			10,350	(1,035)	9,315
TOTAL FUNDS				105,665	40,529	146,194
Comparative	net movement	in funds, included	in the above are	as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				125,647	(84,083)	41,564
Restricted funds
Isle ofWight Foundation					(1,035)	(1,035)
TOTAL FUNDS				125,647	(85,118)	40,529

			2022	2021
INCOME AND ENDOWMENTS
Donations and	legacies
Donations			(1,882)
Grants			21,472	71,978
Donations			12,166	9,516
			31,756	81,494
Other trading	activities
Shop income			36,697	15,380
Charitable activities
Concessionary	fares		38,245	26,791
Voluntary fares			3,948	1,982
			42,193	28,773
Total incoming	resources		110,646	125,647
EXPENDITURE
Other trading activities Rent, utilities and insurance			1,946	2,016
Repairs and sundries			6,484	731
Donations from shop income			6,091	3,145
			14,521	5,892
Charitable activities
Wages Advertising			11,620 2,303	6,609 638
Sundries			325	75
Motor running	expenses		24,373	17,279
Insurance			8,235	6,313
Timetable holders			19	2,796
Training			2,412
Depreciation ofmotor vehicles			8,215	8,215
Profit on the sale oftangible		fixed assets		(2,000)
			57,502	39,925
Support costs
Finance
Bank charges			543	534