2023-03-31-accounts - Wight Community Access Ltd

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					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets			106,285	5,175	111,460	42,850
CURRENT ASSETS
Debtors			3,948		3,948	1,785
Prepayments and accrued income			6,870		6,870	4,811
Cash at bank and in hand			94,998		94,998	126,064
			105,816		105,816	132,660
CREDITORS
Amounts falling due within one year			(15,714)		(15,714)	(2,269)
NET CURRENT ASSETS			90,102		90,102	130,391
TOTAL ASSETSLESSCURRENT
LIABILITIES			196,387	5,175	201,562	173,241
CREDITORS
Amounts falling due after more than one year		10	(40,730)		(40,730)	(500)
NET ASSETS			155,657	5,175	160,832	172,741
FUNDS		13
Unrestricted funds					155,657	165,496
Restricted funds					5,175	7,245
TOTAL FUNDS					160,832	172,741

2.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
						2023	2022
	Shop income					36,897	36,697
3.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
						2023	2022
	Depreciation - owned assets					19,831	8,334
	Surplus on disposal offixed assets					(2,000)
4.	TRUSTEES' REMUNERATION		AND	BENEFITS
	Trustees' expenses
	Trustees travel expenses	ofK1,157(2022:		X,l1) were reimbursed	to them during the	year ended 31 March 2023.
	STAFF COSTS
	The average monthly number ofemployees			during the year was	as follows:
						2023	2022
	Part-time fleet manager					1
	Part time bus drivers					2
	Part time bus maintenance					1
	Part time office manager					1
	Part time IT support					1
	No employees received emoluments		in excess of/60,000.
	COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES
					Unrestricted	Restricted	Total
					fund	funds	funds
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies				31,756		31,756
	Charitable activities
	Charitable provision oftransport				42,193		42,193
	Other trading activities				36,697		36,697
	Total				110,646		110,646
	EXPENDITURE ON
	Raising funds				14,521		14,521

6.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES	-continued
				Unrestricted	Restricted	Total
				fund	funds	funds
	Charitable activities
	Charitable provision	of	transport	67,508	2,070	69,578
	Other
	Total			82,029	2,070	84,099
	NET INCOME/(EXPENDITURE)			28,617	(2,070)	26,547
	RECONCILIATION		OF FUNDS
	Total funds brought	forward		136,879	9,315	146,194
	TOTAL FUNDS CARRIED FORWARD			165,496	7,245	172,741
7.	TANGIBLE FIXEDASSETS
			Fixtures
			and	Motor	Computer
			fittings	vehicles	equipment	Totals
	COST
	At 1 April 2022		1,800	164,194	2,320	168,314
	Additions			88,441		88,441
	Disposals			(17,412)		(17,412)
	At 31March 2023		1,800	235,223	2,320	239,343
	DEPRECIATION
	At 1 April 2022 Charge for year		1,800	121,464 19,711	2,200 120	125,464 19,831
	Eliminated on disposal			(17,412)		(17,412)
	At 31 March 2023		1,800	123,763	2,320	127,883
	NKT BOOK VALUE
	At 31March 2023			111,460		111,460
	At 31 March 2022			42,730	120	42,850

8.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		2023	2022
	Other debtors		80
	VAT	3,948	1,705
		3,948	1,785
9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2023	2022
	Other loans (see note 11)	500	500
	Hire purchase (see note 12)	11,886
	Social security and other taxes Other creditors	1,241 462	169
	Accrued expenses	1,625	1,600
		15,714	2,269

	Included within other creditors are credit card balances totalling f462 (2022:f169).
10.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2023	2022
	Other loans (see note 11)		500
	Hire purchase (see note 12)	40,730
		40,730	500
	Other loans consisted ofinterest Iree loans Irom local Parish Councils.
11.	LOANS

LOANS
An analysis ofthe maturity of loans is given below:
	2023	2022
Amounts falling due within one year on demand: Other loans	500	500
Amounts falling between one and two years:
Other loans - 1-2 years		500

				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
Comparative	net movement	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
A current year 12months		and prior year 12months combined position is as follows:
				Net
				movement
			At 1.4.21	in funds	At 31.3.23
Unrestricted	funds
General fund			136,879	18,778	155,657
Restricted funds
Isle ofWight	Foundation		9,315	(4,140)	5,175
TOTAL FUNDS			146,194	14,638	160,832

			2023	2022
INCOME AND ENDOWMENTS
Donations and	legacies
Grants			29,517	19,590
Donations			13,252	12,166
			42,769	31,756
Other trading	activities
Shop income			36,897	36,697
Charitable activities
Concessionary	fares		52,287	38,245
Voluntary fares			4,758	3,948
			57,045	42,193
Total incoming	resources		136,711	110,646
EXPENDITURE
Other trading	activities
Rent, utilities and insurance			1,765	1,946
Repairs and sundries			1,126	6,484
Donations from shop income			5,885	6,091
			8,776	14,521
Charitable activities
Wages			42,160	11,620
Advertising			1,531	2,303
Sundries			540	325
Motor running	expenses		35,253	24,373
Insurance			8,075	8,235
Timetable holders				19
Training				2,412
Depreciation ofmotor vehicles			19,711	8,215
Profit on the sale oftangible		fixed assets	(2,000)
Hire purchase			1,161
			106,431	57,502
Support costs
Finance
Bank charges			494	543

			2023	2022
Finance
Other
Telephone Postage and	stationery		1,151 3,118	678 1,490
Sundries			4,470	1,127
Repairs and renewals Travel and meetings			434 1,157	461 ll
Rent			3,295	3,486
Accountancy			1,450	1,425
Book-keeping, payroll and Professional fees		VAT	1,612 16,112	1,272 1,463
Depreciation	ofcomputer	equipment	120	120
			32,919	11,533
Total resources expended			148,620	84,099
Net (expenditure)/income			(11,909)	26,547