2022-02-28-accounts - Vehicles For Change

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		Page
Trustees'	annual report
Independent examiner's report to the trustees
Statement	of financial activities
Statement	of financial position
Statement	of cash flows	10
Notes to the financial statements

Registered	charity	name	Vehicles For	Change
Charity registration		number	1177568
Principal office			Queensgate	House
			48 Queen Street
			Exeter
			EX43SR
The trustees			ZACKerr		(Resigned	29 March 2022)
			S Mildon		(Resigned	10 November	2021)
			T Hooper (Chair)
			N Wilton		(Resigned	22 March 2022)
			R Reynolds		(Resigned	25 August 2022)
			J A W Goudswaard
			F Ero		(Appointed	5 April 2022)
			STsangarides		(Appointed	25 August 2022)
Independent	examiner		Adam Croney	ACA
			Westcotts (SW) LLP
			Plym House
			3Longbridge	Road
			Marsh Mills
			Plymouth
			PL6 8LT
Bankers			Barclays
			Plymouth 2
			Leicestershire
			LE872BB

						2022		2021
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note	2	2	2
Income and endowments
Donations and legacies					51,215		51,215	269,051
Charitable activities					297,726		297,726	45,796
Investment income					5		5	3
Other income					1,440		1,440	26,413
Total income					350,386		350,386	341,263
Expenditure
Expenditure on raising funds:
Costs of raising donations			and
legacies				8	18,050		18,050	26,300
Expenditure on charitable		activities		9,10	280,646	77,591	358,237	381,709
Other expenditure				12	764		764	(2,299)
Total expenditure					299,460	77,591	377,051	405,710
Net expenditure					50,926	(77,591)	(26,665)	(64,447)
Transfers between	funds				(40,024)	40,024
Net movement in	funds				10,902	(37,567)	(26,665)	(64,447)
Reconciliation of	funds
Total funds brought	forward				(261,470)	189,400	(72,070)	(7,623)
Total funds carried forward					(250,568)	151,833	(98,735)	(72,070)

28 February 2022
			2022	2021
		Note	2
Fixed assets
Tangible fixed assets		17	178,725	199,169
Current assets
Debtors		18	156,276	18,362
Cash at bank and in hand			136,730	108,053
			293,006	126,416
Creditors: amounts	falling due within one year	19	310,827	397,655
Net current liabilities			(17,821.)	(271,239)
Total assets less current liabilities			160,904	(72,070)
Creditors: amounts	falling due after more than one year	20	259,639
Net liabilities			(98,735)	(72,070)
Funds ofthe charity
Restricted funds			151,833	189,400
Unrestricted funds			(250,568)	(261,470)
Total charity funds		22	(98,735)	(72,070)

		2022	2021
Cash flows from operating activities
Net expenditure		(26,665)	(64,447)
Adjustments for:
Depreciation oftangible fixed assets		20,412	66,589
Loss/(gains) on disposal of tangible fixed assets		764	(2,299)
Trade and other debtors		(137,914)	745
Trade and other creditors		172,810	5,496
Net cash from operating activities		29,407	,6,084
Cash flows from investing activities
Purchase oftangible assets		(1,264)	(36,000)
Proceeds from sale oftangible assets		534	18,000
Net cash from/(used in) investing activities		(730)	(18,000)
Net increase in cash and cash equivalents		28,677	(11,916)
Cash and cash equivalents at beginning	ofyear	108,053	119,969
Cash and cash equivalents at end of year		136,730	108,053

value, over the useful econo	mic life ofthat asset a	s follows:
Plant and machinery	25%straight	line
Fixtures and fittings	25%straight	line
Motor vehicles	25%reducing	balance

4.	Donations		and legacies
					Unrestricted	Restricted	Total Funds
					Funds f	Funds	2022 f
	Donations				6,774		6,774
	Grants				6,500		6,500
	Government		grants		37,941		37,941
					51,215		51,215
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2021
							f
	Donations				7,699		7,699
	Grants				58,000	93,582	151,582
	Government		grants		109,770		109,770
					175,469	93,582	269,051
5.	Charitable		activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022 f	Funds	2021 f
	Mobiloo hire			297,726	297,726	45,796	45,796
6.	Investment		income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022 f	Funds	2021 f
	Other interest receivable			5	5	3	3
7.	Other income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds 9	2022 f	Funds	2021
	Insurance	income		1,440	1,440	26,413	26,413
8.	Costs of raising donations			and legacies
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2022 f	Funds	2021 f
	Fundraising		costs	18,050	18,050	26,300	26,300

Expenditur	e on charitable activities	by fund type
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
			2	2
Charitable	activities	272,646	76,341	348,897
Support costs		9,250		9,250
		281,896	76,341	358,237
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
			2	2
Charitable	activities	292,488	85,980	378,467
Supportcosts		3,242		3,242
		295,730	85,979	381,709

Expenditure on charitable activities by activity	type
	Total funds	Total funds
	2022	2021
	2
Wages and salaries	197,298	174,432
Vehicle costs	85,235	45,332
Bank charges	99	55
Consulting	1,398
Depreciation	20,412	66,589
Printing, postage and stationery	420	310
Interest	2,603	20,491
Clothing and PPE	961
IT software and consumables	2,444	1,937
Rent	7,001	11,071
Staff training	501	245
Advertising	4,179	2,945
Travel —National	3,085	1,265
Telephone and internet	1,246	779
Vehicle storage	1,918	1,292
Cleaning	547	559
Insurance	19,382	11,088
General expenses	258	77
Grants given		40,000
	348,897	378,467

11.	Analysis ofsupport costs
		Total funds	Total funds
		2022	2021
		f
	Legal and professional	4,150	242
	Accountancy	5,100	3,000
		9,250	3,242
12.	Other expenditure

12.	Other expenditure
						Unrestricted	Total Funds	Unrestricted	Total Funds
						Funds	2022 f	Funds f	2021 f
	Loss on disposal of	tangible fixed
	assets held for charity's		own use			764	764	(2,299)	(2,299)
13.	Net expenditure
	Net expenditure is stated			after charging/(crediting):
								2022 f	2021
	Depreciation of tangible		fixed assets					20,412	66,589
	Loss/(gains) on disposal		oftangible fixed			assets		764	(2,299)
14.	Independent examination			fees
								2022	2021f
	Fees payable to the	independent			examiner for:
	Independent examination			ofthe financial		statements		1,800	1,500
	Other financial services							1,800	1,500
								3,600	3,000
15.	Staff costs
								2022 f	2021f
	Wages and salaries	.						186,549	165,866
	Employers National	Insurance						8,583	6,174
	Pension contributions							2,161	2,392
								197,298	174,432

17.	Tangible fixed asset	s
			Plant	and	Fixtures and	Motor
			machinery		fittings	vehicles	Total
	Cost
	At 1 March 2021			474	690	339,500	340,664
	Additions				1,264		1,264
	Disposals					(2,500)	(2,500)
	At 28 February 2022		474		1,954	337,000	339,428
	Depreciation
	At 1 March 2021		356		5'l9	140,620	141,495
	Charge for the year			118	491	19,803	20,412
	Disposals					(1,204)	(1,204)
	At 28 February 2022		474		1,008	159,221	160,703
	Carrying amount
	At 28 February 2022				946	177,779	178,725
	At 28 February 2021			118	171	198,880	199,169
18.	Debtors
						2022	2021
	Trade debtors					141,676	8,875
	Prepayments and accrued income					7,726	7,616
	Other debtors					6,874	1,872
						156,276	18,363
19.	Creditors: amounts	falling due within	one year
						2022	2021
						2
	Bank loans and overdrafts					112,667	342,929
	Trade creditors					25,914	21,062
	Accruals and deferred	income				171,744	17,258
	Director loan accounts						12,051
	Pensions payable					502	4,355
						310,827	397,655

20.	Creditor	s: amou	nts falling due after more than	one year
				2022	2021
				2	2
	Bank loans and overdrafts			259,639
21.	Deferred	income
				2022	2021
	At 1 March 2021			14,378	31,007
	Amount	released	to income	(9,949)	(31,007)
	Amount	deferred	in year	163,715	14,258
	At 28 February 2022			168,144	14,258

Analysis ofcharitable	funds
Unrestricted funds
	At1		Mar 21	Income	Expenditure	Transfers	At 28 Feb 22
			2
General funds		(261,470)		350,386	(299,460)	(40,024)	(250,568)
	At1		Mar 20	Income	Expenditure	Transfers	At 28 Feb 21
			2	2
General funds		(149,420)		247,681	(319,731)	(40,000)	. (261,470)
Restricted funds
	At	1 Mar 21		Income	Expenditure	Transfers	At 28Feb 22
			2		2	2	2
Barnwood Trust			3,976			(3,976)
Postcode Innovation
Trust			57,984		13,849	80,000	151,833
The Clothworker
Foundation			25,000			(25,000)
Childwick Trust			11,000			(11,000)
Department for Work
and Pensions			8,180		(8,180)
London Community
Response			38,800		(38,800)
National Heritage
Lottery			44,460		(44,460)
		189,400			(77,591)	40,024	151,833

	At1 Mar 20	Income	Expenditure	Transfers	At 28Feb 21
	9			9
Barnwood Trust	6,540		(2,564)		3,976
Postcode Innovation
Trust	78,979		(60,995)	40,000	57,984
The Clothworker
Foundation	25,000				25,000
Childwick Trust	11,000				11,000
Department for Work
and Pensions	20,278	10,322	(22,420)		8,180
London Community
Response		38,800			38,800
National Heritage
Lottery		44,460			44,460
	141,797	93,582	(85,979)	40,000	189,400

Analysis of net as	se	ts between funds
			Unrestncted	Restricted	Total Funds
			Funds	Funds	2022
				2	2
Tangible fixed assets			106,892	71,833	178,725
Current assets			213,006	80,000	293,006
Creditors less than	1	year	(310,827)		(310,827)
Creditors greater than		1 year	(259,639)		(259,639)
Net liabilities			(250,568)	151,833	(98,735)
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
Tangible fixed assets			136,187	62,984	199,171
Current assets				126,415	126,415
Creditors less than	1	year	(392,477)		(392,477)
Creditors greater than		1 year
Net liabilities			(256,290)	189,399	(66,891)

Anal	ysis ofchanges in net debt
		At		At
		1 Mar 2021	Cash flows	28Feb 2022
				2
Cash	at bank and in hand	108,053	28,677	136,730
Debt	due within one year	(397,776)	86,949	(310,827)
Debt	due after one year		(259,639)	(259,639)
		(289,729)	(148,259)	(433,736)