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|||Page|
|---|---|---|
|Trustees' annual
report|||
|Independent|examiner's
report to the trustees||
|Statement|offinancial activities||
|Statement|offinancial
position||
|Statement|ofcash flows|10|
|Notes to the financial statements|||
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|Registered|charity|name|Vehicles For|Change|||
|---|---|---|---|---|---|---|
|Charity registration||number|1177568||||
|Principal office|||Queensgate|House|||
||||48Queen Street||||
||||Exeter||||
||||EX43SR||||
|The trustees|||ZAC Kerr||(Resigned|29 March 2022)|
||||T Hooper||||
||||N Wilton||(Resigned|22 March 2022)|
||||R Reynolds||(Resigned|25August 2022)|
||||JA W Goudswaard||||
||||FEro||(Appointed|5April 2022)|
||||STsangarides||(Appointed|25 August 2022)|
|Independent|examiner||Adam Croney|ACA|||
||||Westcotts (SW) LLP||||
||||Plym House||||
||||3Longbridge|Road|||
||||Marsh
Mills||||
||||Plymouth||||
||||PL6 8LT||||
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|Period from 1 M|arch|202|2 to|31 Dec|ember 2022||||
|---|---|---|---|---|---|---|---|---|
|||||||||Year to|
||||||Period from|1 Mar 22to|31 Dec 22|28 Feb 22|
||||||Unrestricted|Restricted|||
||||||funds|funds|Total funds|Total funds|
|||||Note||6|6|f|
|Income and endowments|||||||||
|Donations
and legacies|||||5,133|9,940|15,073|51,215|
|Charitable
activities|||||460,437|1,980|462,417|297,726|
|Investment
income|||||46||46|5|
|Other income|||||18,000||18,000|1,440|
|Total income|||||483,616|11,920|495,536|350,386|
|Expenditure|||||||||
|Expenditure
on raising funds:|||||||||
|Costs of raising|donations||and||||||
|legacies||||8|121||121|18,050|
|Expenditure
on chariitable||activities||9,10|474,511|8,294|482,805|358,237|
|Other expenditure||||12||||764|
|Total expenditure|||||474,632|8,294|482,926|377,051|
|Net income/(expenditure)||and|net||||||
|movement
in funds|||||8,984|3,626|12,610|(26,665)|
|Reconciliation offunds|||||||||
|Total funds brought|forward||||(250,568)|151,833|(98,735)|(72,070)|
|Total funds carried|forward||||(241,584)|155,459|(86,125)|(98,735)|
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|||||31Dec 22|28 Feb 22|
|---|---|---|---|---|---|
||||Note|8|6|
|Fixed assets||||||
|Tangible fixed assets|||17|144,802|178,725|
|Current assets||||||
|Debtors|||18|95,336|156,276|
|Cash at bank and|in hand|||112,523|136,730|
|||||207,859|293,006|
|Creditors: amounts||falling due within one year|19|214,353|310,827|
|Net current
liabilities||||(6,494)|(17,821)|
|Total assets less|current liabilities|||138,308|160,904|
|Creditors: amounts||falling due after more than one year|20|224,433|259,639|
|Net liabilities||||(86,125)|(98,735)|
|Funds ofthe charity||||||
|Restricted funds||||155,459|151,833|
|Unrestricted
funds||||(241,584)|(250,568)|
|Total charity funds|||22|(86,125)|(98,735)|
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|Period from 1 March 2|022 to 31D|ecember 2022|||
|---|---|---|---|---|
||||31Dec 22
f|28 Feb 22
f|
|Cash flows from operating|activities||||
|Net income/(expenditure)|||12,610|(26,665)|
|Adjustments
for:|||||
|Depreciation
oftangible
fixed assets|||37,829|20,412|
|Other interest receivable and similar income|||(46)|(5)|
|Interest payable
and similar|charges||1,783|2,603|
|Loss on disposal oftangible|fixed assets|||764|
|Accrued expenses|||485|600|
|Changes
in:|||||
|Trade and other debtors|||59,626|(137,914)|
|Trade and other creditors|||(104,978)|172,210|
|Cash generated
from operations|||7,309|32,005|
|Interest paid|||(1,783)|(2,603)|
|Interest received|||46|5|
|Net cash from operating
activities|||5,572|29,407|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(3,906)|(1,264)|
|Proceeds from sale oftangible assets||||534|
|Net cash used
in investing
activities|||(3,906)|(730)|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||(25,873)||
|Net cash used in financing
activities|||(25,873)||
|Net (decrease)/increase
in|cash and cash|equivalents|(24,207)|28,677|
|Cash and cash equivalents|at beginning|ofperiod|136,730|108,053|
|Cash and cash equivalents|at end ofperiod||112,523|136,730|
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|4.|Donations||and legacies|||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds
f|Funds
f|31 Dec 2022
f|
||Donations||||5,133|2,500|7,633|
||Grants|||||7,440|7,440|
||||||5,133|9,940|15,073|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds
f|Funds
F|28 Feb 2022|
||Donations||||6,744||6,774|
||Grants||||6,500||6,500|
||Government||grants||37,941||37,941|
||||||51,215||51,215|
|5.|Charitable||activities|||||
||||||Unrestricted|Restricted|Total Funds|
||||||Funds
f|Funds
f|31Dec 2022
f|
||Mobiloo hire||||460,437|1,980|462,417|
|||||||Unrestdicted|Total Funds|
|||||||Funds|28 Feb 2022|
|||||||f|f|
||Mobiloo hire|||||297,726|297,726|
|6.|Investment||income|||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds
f|31Dec 2022
f|Funds
f'|28 Feb 2022
f|
||Other interest receivable|||46|46|5|5|
|7.|Other income|||||||
|||||Unrestricted|Total Funds|Unrestdicted|Total Funds|
|||||Funds
f|31Dec 2022
f|Funds
f|28 Feb 2022
f|
||Gain on disposal|||18,000|18,000|||
||Insurance|income||||1,440|1,440|
|||||18,000|18,000|1,440|1,440|
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|Per|iod from
1 Nlarch 2022|to 31 December 202|to 31 December 202|2|||
|---|---|---|---|---|---|---|
|8.|Costs ofraising donations|and legacies|||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds
f|31Dec 2022
f|Funds
f|28 Feb 2022
f|
||Fundraising
costs||121|121|18,050|18,050|
|9.|Expenditure
on charitable|activities|by fund type||||
|||||Unrestricted|Restricted|Total Funds|
|||||Funds
f|Funds
f|31Dec 2022|
||Charitable
activities|||466,459|8,294|474,753|
||Support costs|||8,052||8,052|
|||||474,511|8,294|482,805|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds
f|Funds
f|28 Feb 2022
f|
||Charitable
activities|||272,646|76,341|348,987|
||Support costs|||9,250||9,250|
|||||281,896|76,341|358,237|
|10.|Expenditure
on charitable|activities|by activity type||||
||||||Total funds|Total funds|
||||||31Dec 2022
f|28 Feb 2022
f|
||Wages and salaries||||254,042|197,298|
||Vehicle costs||||133,756|85,235|
||Bank charges||||137|99|
||Consulting||||7,132|1,398|
||Depreciation||||37,829|20,412|
||Printing,
postage and stationery||||1,934|420|
||Interest||||1,783|2,603|
||Clothing
and PPE||||2,306|961|
||ITsoftware and consumables||||13,657|2,444|
||Rent||||(6,572)|7,001|
||Staff training||||1,040|501|
||Advertising||||5,345|4,179|
||Travel —National||||1,725|3,085|
||Telephone
and internet||||2,012|1,246|
||Vehicle storage||||5,560|1,918|
||Cleaning||||182|547|
||Insurance||||12,404|19,382|
||General expenses||||481|258|
||||||474,753|348,897|
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||||||||||Total funds|Total funds|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31Dec 2022
f|28 Feb 2022
f|
||Legal and professional||||||||3,767|4,150|
||Accountancy||||||||4,285|5,100|
||||||||||8,052|9,250|
|12.|Other expenditure||||||||||
|||||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
|||||||Funds
f|31Dec 2022
f||Funds
f|28 Feb 2022
f|
||Loss on disposal of|tangible|||fixed||||||
||assets held for charity's||own||use||||764|764|
|13.|Net income/(expenditure)||||||||||
||Net income/(expenditure)|||is stated after charging/(crediting):|||||||
||||||||||31Dec 22
f|28 Feb 22
f|
||Depreciation
oftangible||fixed assets||||||37,829|20,412|
||(Gains)/loss
on disposal||oftangible fixed assets||||||(18,000)|764|
|14.|Independent
examination|||fees|||||||
||||||||||31Dec 22
f|28 Feb 22
f|
||Fees payable
to the|independent||||examiner for:|||||
||Independent
examination|||of|the financial statements||||1,890|1,800|
||Other financial services||||||||1,890|1,800|
||||||||||3,780|3,600|
|15.|Staff costs||||||||||
||||||||||31Dec 22
f|28 Feb 22
f|
||Wages and salaries||||||||235,636|186,549|
||Employers
National|Insurance|||||||15,046|8,583|
||Pension contributions||||||||3,360|2,161|
||||||||||254,042|197,298|
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|17.|Tangible fixed a|sset|s|||||
|---|---|---|---|---|---|---|---|
|||||Plant and|Fixtures and|Motor||
|||||machinery
6|fittings
6|vehicles
f|Total
6|
||Cost|||||||
||At 1 March 2022|||474|1,954|337,000|339,428|
||Additions||||1,573|2,333|3,906|
||At 31December|2022||474|3,527|339,333|343,334|
||Depreciation|||||||
||At 1 March 2022|||474|1,008|159,221|160,703|
||Charge for the period||||354|37,475|37,829|
||At 31December|2022||474|1,362|196,696|198,532|
||Carrying
amount|||||||
||At 31 December|2022|||2,165|142,637|144,802|
||At 28 February 2022||||946|177,779|178,725|
|18.|Debtors|||||||
|||||||31Dec 22|28 Feb 22|
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||Trade debtors|||||82,468|141,676|
||Prepayments
and|accrued income||||7,308|7,726|
||Other debtors|||||5,560|6,874|
|||||||95,336|156,276|
|19.|Creditors: amounts||falling due within one year|||||
|||||||31Dec 22|28 Feb 22|
||||||||6|
||Bank loans and overdrafts|||||122,000|112,667|
||Trade creditors|||||196|25,914|
||Accruals and deferred|||income||90,804|171,744|
||Pensions payable|||||1,353|502|
|||||||214,353|310,827|
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|Creditor|s: amou|nts
falling due after more than|one year||
|---|---|---|---|---|
||||31Dec22
f|28 Feb 22
f|
|Bank loans and overdrafts|||224,433|259,639|
|Deferred|income||||
||||31Dec 22|28 Feb 22
f|
|At 1 Mar|22||168,144|14,378|
|Amount|released|to income|(161,948)|(9,949)|
|Amount|deferred|in period|80,523|163,715|
|At 31 Dec 22|||86,719|168,144|
|Analysis ofcharitable|funds||||||
|---|---|---|---|---|---|---|
|Unrestricted
funds|||||||
||At 1 Mar 2022
f|Income
f|Expenditure
f|Transfers|At 31Dec|2022
f|
|General funds|(250,568)|483,616|(474,632)||(241,584)||
||At 1 Mar 2021
f|Income
f|Expenditure
f|Transfers
f|At 28 Feb|2022|
|General funds|(261,470)|350,386|(299,460)|(40,024)|(250,568)||
|Restricted funds|||||||
||At 1 Mar 22
f|Income
f|Expendituref|Transfers|At 31Dec
f.|22|
|Postcode Innovation|||||||
|Trust|151,833|1,980|||153,813||
|StJames Place||2,500|(854)||1,646||
|National
Hedtage Trust||4,940|(4,940)||||
|Dragon Sales||2,500|(2,500)||||
||151,833|11,920|(8,294)||155,459||
||At 1 Mar21
f|Income|Expenditure|Transfers
f|At 28 Feb|22|
|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|||||||
|I ottery|44,460||(44,460)||||
||189,400||(105,936)|40,024|151,833||
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|Analysis of net as|se|ts between funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds
f|31Dec 2022
f|
|Tangible fixed assets|||87,934|56,868|144,802|
|Current assets|||109,268|98,591|207,859|
|Creditors less than|1|year|(214,353)||(214,353)|
|Creditors greater than||1 year|(224,433)||(224,433)|
|Net liabilities|||(241,584)|155,459|(86,125)|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|28 Feb 22
f|
|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)|
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|Analy|sis ofchanges
in net debt||||
|---|---|---|---|---|
|||At||At|
|||1 Mar 2022
E|Cash flows|31Dec 2022
f|
|Cash|at bank and in hand|136,730|(24,207)|112,523|
|Debt|due within one year|(310,827)|96,474|(214,353)|
|Debt|due after one year|(259,639)|35,206|(224,433)|
|||(433,736)|107,473|(326,263)|
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