2023-08-31-accounts - The Wheel Training Company

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The Wheel Training Company’s Annual Report 22/23 (September 2022 - August 2023)

Charity No. 1179263 Company No. 10352544

Principal Address: 18 Cedarcroft Road, Plymouth, PL2 3JX

Name of Trustees: Cally Hayes (Chair) Thomas Bowdler, Elaine Deekes, Laura Precious, Kimberley Sykes

Co-Creative Directors (Chief Executives): Amanda Collins & Kevin Johnson

Structure, Governance & Management:

Our governing document is The Wheel’s Articles of Association. The charity is registered as a non-profit company, limited by guarantee, Company No. 10352544.

Appointment of trustees as per The Wheel’s Articles of Association.

Objectives & Activities:

The charity’s objects: The advancement of education for the public benefit by fostering and promoting, understanding and appreciation of the arts, including but not exclusively by the provision of classes, workshops and training,

This was our 5th year of trading, and we viewed this as a year to continue realistically working within our capacity, but spending our time focussing on our Part Time Training Company which had recruited well. Whilst externally continuing to be open to new possibilities for lines of work, and establish a clear identity and following in the region.

We continue working under 3 strands of work: Actor Training, Actors Networks and Development, and Productions, of which we look to integrate wherever possible. These areas will continue act as a frame for the report. Our slightly more ‘user friendly’ overarching statement for our work continues to be:

The Wheel’s work is centred around the interconnected nature of training, continuing professional development and performance making, with a strong focus on, authentic dialogue with individuals and communities and recognising the vital importance of equality, diversity and wellbeing within the industry .

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Overview of this years Activities:

Actor Training

Formal Training

As in previous reports we agreed and felt it would be ‘more useful to spend our energy establish- … ing the company, and build a base of work first before progressing this area of formal training’ and agreeing that… ‘We will keep any communications about this as a light touch over the coming year as we establish a more stable ‘Informal’ training package and reputation.’

To progress into more formal training is still a company ambition and we still believe we are best positioned to offer a one year MA in acting (rep company) , we haven’t managed to pursue any further conversations with Falmouth University yet in regards to this and the landscape for validation across the H.E. industry seems to be shifting again and leads towards larger ‘money making’ partnerships.

Cygnet Drama School in Exeter - We are in conversations about a possible partnership delivering a 1 and 2 year training offer alongside them as they try to re-invent their business model. They are currently dormant in their educational work and just existing as a venue for this current year, this autumn is a big consultancy period for them. So we will have some idea about how this may or may not develop by the end of 2023.

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Informal Training

This year we recruited 12 actors to our

one year Part Time Training Company course. We ran a short round of short courses under the titles ‘Acting Fundamentals’ in the spring.

Acting Fundamentals (Connection & Presence) - St Saviours Hall (3 sessions) - Acting Fundamentals (Actor & Text) - St Saviours Hall (3 sessions)

- Actors CPD - Accent and Dialect - Plymouth Atheneaum (2 sessions)

Ad-hoc solo actor coaching sessions, and drama school audition pre

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Actor Networks and Development

- We continued our ‘ Coffee House Sessions’ donation based advice and first meeting point ser-

vice.

We continued the South West Actor’s Network - with a low cost subscription, sharing castings, offering a 30% discount on the short courses and a free place on our CPD on Accent and Dialect coaching supported by ‘ MESH ’
We have continued as members for the Plymouth Athenaeum Board for there Strategic Development project
We managed the castings for the BFI Film Academy Plymouth in the autumn.

Productions

In March we shot our first short film ‘ A Thin Place ’ in partnership with South of Devon Films and the training company course culminated in a production of Bertolt Brechts’ The Mother which performed 2 nights at The Barbican Theatre Plymouth and 3 nights at Cygnet Theatre in Exeter.

Core Running and Future Preparations

No huge difference to the previous year due to the organic growth focus. We continued with monthly Operation Meetings which act as a good check point to manage finance, marketing, logging of activity and any data capture processes.

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Engagement Statistics and Feedback:

We have begun to implement monitoring systems for the engagement of our work, these probably need refining as we move forward but hopefully the following is useful to build upon.

TRAINING:

Courses:

PART TIME TRAINING COMPANY - All year - 12 Participants

SPRING -

Acting Fundamentals (Connection & Presence) - St Saviours Hall (4 sessions) - 2 & half hours - 4 Participants - Acting Fundamentals (Actor & Text) - St Saviours Hall (4 sessions) - 2 & half hours - 4 Participants - Actors CPD - Accent & Dialect - Plymouth Atheneaum (2 sessions) - All day - 14 participants

Course Feedback/quotes:

We weren’t as active as we could’ve been pursuing quotes and feedback as last year, but here’s a few….

ACTING FUNDAMENTALS COURSES -

“i’ve made a deeper connection in the last three weeks with people here than with many people in my real life’
‘Its been great, i’ve read around these techniques and thought i understood it, but that was only in my brain, now i feel like i really get it.’
“it was really nice authentic space, where the ‘teacher’ is sharing and listening just as much as us - really nice environment to be in.’

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PART TIME ACTOR TRAINING COMPANY :

‘I keep telling people that i think i’ve found a bit of gold working with this company’

“i had high expectations joining this course and company and all of them have been met and more”

“I love how valued everyone is and how much time and care is given to the individual alongside the whole company”

“Everything is explored and taught with an amazing amount of integrity and authenticity which is great to be part of”

‘It has been a wonderful journey and i feel i have really grown as an actor and gained so much confidence - i am extremely happy to

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be part of The Wheel family’

“meeting Amanda & Kev has been one of the best things that could have happened to me to help develop my acting skills’

‘choosing this course was the best decision i could have made!’

‘An amazing experience, eye opening and affirming, thank you for the opportunity’

School & College Workshops:

None

Solo coaching:

Between us we ran 17 sessions

and coached 5 individuals

(4 regionally in person and one online in Japan)

Feedback:

‘I feel like i’m developing and learning so much in every session - its the first time i feel like i’m really acting and not just performing something - i can’t wait for more ‘

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ACTORS DEVELOPMENT & NETWORKS

S.W. Actors Network:

15 paying (Bronze Level) members as of 31st August - lower than previous year - (down by 5)

24 engaged over the year. (down by 8)

Shared over the year:

33 Casting Calls (decrease of 30 from previous year)

85 Roles (decrease of 106 from previous year)

5 Opportunities (unpaid castings/workshops/commissions/performance platforms)

2 Bulletins

SWAN has continued as part of the MESH network funded by Plymouth Culture - (a collective voice for the creative and cultural networks in Plymouth) We have attended meetings across the year and have secured another a small pot of money (£500) to support SWAN over the coming year.

Coffee House Sessions:

We hosted 16 coffee house sessions (-11 from last year) across the year 8 in person and 8 via

Zoom

Feedback:

This is fantastic - i’ve looked loads of places, but this is really unique and incredibly helpful - thank you so much!
‘It was really nice to meet you this afternoon and have really benefited from your advice. It was wonderful to hear about the course that you teach and I think it will be really useful for me in the stunting world !’ - 'Thank you for yesterday and we both found this very interesting. It has given Ruby food for thought.’ (parent)
‘ You’ve helped me so much in this last half hour, i can feel the fire again.’
Thank you! this is incredibly useful and given me loads to think about - really helpful

BFI FILM ACADEMY :

We worked as the casting director and cast 3 short films

employing 7 actor

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PRODUCTIONS

A Thin Place - Short Film:

(Shot in Feb-March - Released this October)

12 Training actors

1 professional actor

6 Professional crew

300 views in first two weeks

‘A Thin Place’ -

A Short Film - exploring the threshold moments that change our lives and the walls that have stories to tell.

A collaboration between The Wheel and South Of Devon Films - created working with training actors (from The Wheels Part Time Training Company 2023) with a focus to create showreel material whilst simultaneously creating a film in its own right.

Feedback:

‘A really good film, it felt like a strong BBC drama, I thoroughly enjoyed it, a brilliant showcase of the work you do - you should deffo send it off to festivals.’

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THE MOTHER - Bertolt Brecht:

(Performed in June for two weeks - one week in Plymouth and one in Exeter)

The Mother was our second full training company production integrated with some of our professional team of actor/musician and tech to create a visual retelling of this rarely produced play

During a time of protest, strikes and civil unrest, Pelagea, a widow and mother worries about her sons future. After the impact of police brutality and fearful of an impending cost of living crisis, Bertolt Brecht’s The Mother explores the journey to and need for, revolutionary action.

Brecht conceived of The Mother as a learning play, intended both to entertain and incite social change. This highly visual production is a contemporary retelling which examines the plays relevance in todays social and economic unrest.

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Audience Feedback:

‘Loved it, well cast and so relevant to what is going on in the world today’

‘Just when i thought you guys couldn’t get any better… you do!’

‘thoroughly enjoyed it, a rare opportunity to get to watch a bit of Brecht on a Friday night!’

‘excellent. genuinely entertaining and powerful’

‘Incredibly relevant and poignant for todays world, quite a performance…’

‘Such a strong production, a great use of visuals, scene changes were inspired and the ‘music guy’ was amazing - hard to believe that was all just one guitar!’

‘this was my first time at a theatre and i loved it!’

‘A brilliant production, strong performances, a real emotional journey with beautiful visuals so incredibly topical’

‘I really enjoyed it! Great performances, well directed and the backdrop of newsreels really brought home the relevance effectively - I recommend this production heartily.’

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ENGAGEMENT STATISTICS E&D MONITORING:

E&D Monitoring:

COURSES:

Overall - 17 individuals filled in the E&D forms out of 21 engagements - 100% completed

Geographic - 100% local

Devon & Cornwall - 17; Plymouth 7, Torbay 3, Mid Cornwall 3, Mid Devon 2, East Cornwall 1, North Devon 1

Gender -

71% Female, 29% Male

Sexual Orientation -

76% Heterosexual, 6% Other, 6% Gay, 12% not answered.

Age -

18-21 - 2 (12%)

22-30 - 3 (18%)

31-40 - 3 (18%)

41-50 - 3 (18%)

51-65 - 6 (36%)

65+ - 0 (0%)

Disability -

Yes - 3 (18%) No - 11 (64%) Prefer not to say - 3 (18%)

Ethnicity -

White British - 12 - (72%)

White English - 2 - (12%)

Other - 3 - (16%) (German, Bulgarian, Mixed/Unsure)

Religion/Belief -

Christian 5 (30%), Atheist 5 (30%), No Religion - 4 (24%), Prefer not to say 1 (6%),

Other 2 (12%) (Free Thinking, Spiritual)

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SOLO COACHING AND COFFEE HOUSE SESSIONS:

We do not officially give E&D forms out for these but we record the location, gender, Ethnicity and Age - and register disability if declared….

Overall - 21 individuals engaged in theses services

Geographic - 90% Regional -15% Other Devon & Cornwall - 19; Plymouth 6, Mid Devon 5, Mid Cornwall 4, East Cornwall 2, North Devon 1, Torbay 1

Other - 3; Japan 1, Milton Keynes 1, Liverpool 1

Gender -

62% Female, 38% Male,

Age -

18-21 - 5 (24%) 22-30 - 5 (24%) 31-40 - 5 (24%) 41-50 - 4 (19%)

51-60 - 2 (9%)

Disability -

Yes - 3

Ethnicity -

White British - 17 (80%)

Other - 4 - (20%) (Japanese, Bulgarian, German, Portuguese)

Digital Marketing Statistics:

Website:

Site sessions (visits): 1,854 - (2021/22 - 2,306) - (2020/21 - 2,207) - (2019/20 - 2,274) (decrease from previous years)

Unique Visitors: 1,327 - (2021/22 - 1,524) - (2020/21 - 1,387) - (2019/20 - 1,366) (similar to previ-

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ous year)

Top 3 Referrals - Google 1,002 (879) (442) (471) Direct 470 (522) (421) (1,047) Facebook 238 (760) (495) (445)

New visitors 96% - (96%) (72.6%) - (88.62%) - Returning Visitors 4% - (4%) (27.4%) - (11.38%)

Geographic reach - we are unable to access this data this year - not sure why… so no exciting world maps or tables we’re afraid.

Social Media:

Youtube channel: 492 views (387 views) (20/21 - 411 views) (19/20 - 642 views) +1 Channel subscriptions (+3) (20/21 +2 channel subscriptions) (19/20 +7 channel subscriptions)

Total views 2,495 - 22 subscribers

Facebook: 350 page likes 376 page (21/34 increase)
Instagram: 405 followers (83 increase)
Twitter: 177 (7 increase)

Financial Review

Alongside the Annual Report is a Draft Financial Report which includes a Balance Sheet, Financial Summary (with key items) and an Income & Expenditure Account. Our Income for the year was £24023.01 and Expenditure was £22677.60, the bulk of which relates to the Part-Time Course.

Moving Forward

This next year we haven’t recruited for a further one year course, so we will offer up a series of short courses across the year as in 2021/22 possibly culminating in a 2nd ‘Scrapbook’ style production course.

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Our main focus for the year is to pay more attention to our Productions strand - we have had early conversations with Theatre Royal Plymouth to support with this, using their rehearsal spaces and in discussions with their associate teams towards possibilities of production support. We hope to develop a solo production, and will seek out time to begin this process beginning an early R&D in November.

We will continue to be open to possibilities of developing a partnership for an MA programme. possibly with Falmouth University. We will also be responsive to any possible partnership with Cygnet Drama School.

Continuing engagement with MESH and Plymouth Culture to explore possibilities around space and future projects.

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The Wheel Tfalnlng Company Charlty No. 1179263 CompaDy No. 10352544 Trustees, Report and Unaudlted Accounts 31 Ai¥iigt 2023

The Wheel Trnlnlnl Comp•ry Pages Trustees, Annual Report Independent Examiner's Report Statement of FlnantS31 Actibryties summary Income and Expenditure Account Balance Sheet Notes to the Accounts 7t013 Detsiled Statement of Flnancial Attlvlties 14to15 Page I

The Wheel Training Company Truste¢s Annual R¢port The trustees. who are also directors of the tharity for the purposes of the Companles Act 2006, present their report wbth the unaudited finanaal tstements of the tharity for the year ended 31 August 2023. REFERENCE ANO ADMINISTRATIVE DAlL% Company No. 10352544 Charlty No. 1179263 Rqlstered Offlce 18 Cedarcroft Road Plymouth Devon PL2 3JX Dlrertor5 and Trusteos The Dirertors of the charitable company are Its Trustees for the purposes of tharfty law. The followlng Dlrectors and Trusttts served durlng the year. T. Bowdler E. Deekes C. Hayes L.C. Precious K. Sykes coMnY Secretsry A.P. Colllns Accountants Preelse Accountants Ltd Unlt 6, Brooklands Budshead Road Plymouth Devon PL6 5XR The Trustees are responsible for keeplne proper accountlng records that dlsclose with reasonable accuracy at any time the financial position of the charrty and to enable them to ensure that the flnanclal statements comply wSth the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other Irregularities. The above report has been prepared in attordance wh the provisions applicable to compènles 5ubjert to the small companies re8ime a5 set out in Part 15 of the Companies Art 2Crf)6 and In accordance wfth the Charities SORP IFRS 1021. SLqned on behalf of the board T. Bowdler Trustee 10 May 2024 Page 2

The Wheel TralnlnB Company Independent Examlners Report Independent EmIne$ Rem to the trustees of The Wheel Trainiwd Company I report to the charity trustees on my examinatjon of the flnandal statements of The Wheel Training Company for the year ended 31 August 2023. A•sponslbllltles and ba515 of report A5 the charty'5 trustees of the company {and also its dirertors ferthe purposes of company lawl you are responsible for the preparation of the financial statements In accordance wh the requlrements of the Companies Act 261'the 2CX)6 Att. Havlng Satisfied myself that ihe financial ststements of thè Charlty are not requlred to be audlted under Part 16 of the 2W6 Act and are eligible for independent examlnation, I report in respect of my examination of your charlty's flnancial ststements as carried out under section 145 of the Charities Art 20111'the 2011 Arfl. In carrylng out my examlnation I have followed the Dlrectlons gfven by the Charrty Commi55lon under settion 14515} Ibl of the 2011 Act. Independ•nt •x4mln•rfs stst•m•nt I have completed my examlnatlon. l Can confirm that no maierlal matters have come to my attentlon In connertion with the examlnatlon 8fving me cause to belleve.. accountin8 records were not kept in accordance with section 386 of the 26 Act: or • the financial statements do not accord wlth those records; or the financlal statements do not compty wtth the accountin8 requirements under sectlon 396 of the 2(K)6 Att other than any requlrement that the financial statements glve a'true and fair, vlew whlthls not matter considered as part of an Independent examlnatfion: or the flnantbal statements have not been prepared In accordance vlth the methods and princSples of the Statement of Recommended Practlce for actounting and reportln8 by charIt$ applicable to charltles preparln8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I havè no contèms and have tome acmss no other matters In connectlon wlth the examinatlon to whith attention should be drawn in this report in order to enable a proper understandin8 of the finJnclal statements to be reached. Mr L J Hardacre IFCCAI ACCA Preclse Accountants Ltd Unit 6, Brooklands Budshead Road Plymouth Devon PL6 5XR 10 May 2024 Page 3

The Wheel Tralnlni Company ststement of Flnan¢lal Actl¥ltles for the year ended 31 August 2023 Unrt5tr1cled lunds Totsl funds Tot41 funds 2023 202a 2022 Notes Income ar endo¥mients from: t)onations and leBacies Charitable activitie5 59 27.422 59 27,422 102 8.863 Totsl 27,481 27.481 8,965 Expendlture on: Charitable activitles Other 16.682 7,494 24.176 16,682 7,494 3,331 3,340 6,671 Total 24.176 Net galns on investments Net Income 3,305 3.305 2,294 Transfers between funds Net Income before other ialnslllossesl 3,305 3,305 2,294 Other ylns and losses Net rno¥•m•nl In funds 3.305 3,305 2,294 R•con¢lllatlon of fvnds: Total funds brought forward 3,719 3,719 1,425 Total lund5 urrled forward 7.024 7,024 3,719 Page4

The Wheel Training Company Summary Income and Expendltur¢ Acctyjnt for the year ended 31 Au8USt 2023 2023 2022 Income 27.481 8,%5 Gross In¢ome for ihe ye•r Expenditure 27,481 8,965 24.176 6,580 Depreciation and charges for Impalrment of flxed assets 91 Total •xp•ndlture forthe ye Net Income before tax for the year 24,176 3.305 6.671 2,294 Net Income lor the year 3,305 2,294 Page 5

The Wheel Tralnlng Company Balance Sheet at JI August 2023 Campany No. 10352544 2023 2022 Flxed assets Tangible assets Current assets Debtors Cash at bank and In hand io 5.765 9,725 {2.7011 7.024 4.419 4,419 17001 3.719 Credltors: Amount fallln8 due wlthln one year Net Current •ssets li Tot*1 assets less eurrent Il•bllTt1•5 7,024 7.024 3,719 3,719 Net ats exdudlni p•nslon asset or114blllty Totsl n•t assets 7,024 3,719 Th• fvnds of th• chrlty Restrlcttd lunds Unr•strScted fufids General fund5 12 12 7,024 3,719 3,719 7.024 Rtter¥es 12 Total lunds 7.024 3.719 These accounts have been prepared In accordance with the speclal provlsions of Part 15 of the Companies Att 2(NJ6 relatln£ to small companies. For the year ended 31 August 2023 the company was entltled to exemptbon under sectlon 477 of the Companies Act 2rTh relatin8 to small companies. The members have not required the company to obiain an audit in accordance with 5ertion 476 of the Companies Act 2CQ6. The directors acknowledge thelr rèsponslbilftles for complying wlth the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 10 May 2024 And $58ned on behalf by.. T. Bowdler Trustee 10 May 2024 Page 6

The Wheel Tralnlng Company Notes to the A¢counts the year ended 31 Auwst 2023 l Accountlng polkles Basls of preparatlon The flnancial statements have been prepared in accordance with Accounting and Reportln8 by Charities,. Statement of Retommended Praciice appllcable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectre I January 20151- Icharltles SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republlc of Ire13nd IFRS 1021 and the Companies Art 2006. Change In ba515 of accountlw •xto pvevhys accounts There has been no change to the accounting poliaes {luation rules and method of accountSngl since last year and no changes have been made to accounts for pre0$ years. Fund accountlng Unre5trfcted funds These are avallable for use at the dlscretlon of the trustees In furtherance of the 8eneral objerts of the charRv. These are unrestrirted funds eannarked by the trustees for partlcul?r purposes. These are unrestricted funds which include a revaluation reserve representin8 the restatement of investment ats at their market values. These are avallable for use subject to re5tr5ctlon5 Imposed by the donor or through tem)s of an appeal. Deslgnated funds Revaluatlon funds Restrlcted funds In¢(¥n• Recognltlon of Income Income Is Induded in the Statement of Flnanclal Artlvltle5 ISOFAI when the charity becomes entltled to, and Ilrtually certaSn to receive, the Income and the amount of the Intome can be measured with sulficient reliabilty. Income wlth related whe income has related expenditure the Income and related expenditure Is Èxpendlture reported gross In the SOF Donatlons and le8acles Voluntsry Income recefved by way of 8rants. donatlon5 and 8lfts is included In the the SOFA when receivable and only when the Charlty has uncondltional èntltlement to the Incorne. Tax redaims on Income from tsx reclairns is included in the SOFA at the Same time as the donations and glfts giftldonation to which it relates. Donated servlces These are only Included In income Iwtth an equivalent amount In expendlturel and facllltles where the benefft to the Charity reasonab quantlflable. measurable and material. Volunteer help The value of any volunteer help received is not induded In the accounts. Investment income This is included in the accounts when receivable. Gainslllossesl on This indude5 any gain or loss resulting from revaluing investrnents to market value revaluation of fixed at the end of the year. assets Gainsl{lossesl on Investment assets This includes any gain or10s5 on the sale of investments. Page 7

The Wheel Tralniw Companv Notes lo the A¢cwnts Exppnditure Recognition of expenditure Expenditure is recognised on an accnjals basis. Expenditure Includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs 4554xlated wh attracting voluntary Income. fundralsing ra151ng funds trading costs and investment management costs. Expenditure on These comprise the costs Incurred by the Charity in the delivery of its activitie5 and charitable artivities services in the fvrtherance of its objerts. includin8 the making of grants and governance costs. All grant expendrture Is accounted for on an actual paTrd bas15 plus an accrual for grnnts that have been approved by the trustees at the end of the year but not yet paid. These Include those costs a550clated wlth meetln8 the tonstltutlonal and statutory requlrements of the Charity. including any audltllndependent examination fees, costs Ilnked to the strateglc management of the Charlty. together wlth a share of other administration costs. Other expendtture These are 5UPPOrt costs not allocated to a particular artivlty. Grants payable Governance costs Taxallon The charltyls exempt from corporation tsx on Its charltable artfvities. T*nilble fixed assets and deprnd•Oon Depreciation Is provlded at the following annual rates In order to wrttè off each asset over Its e5tlmèted useful Ilfe.. Flxtures. flttln8s and equlpment 33.33% Straight Une Freehold Inveslment property Investment propertSes are measured Initially at cost and subsequently at falr value at each balance sheet date and are not depreciated. Al gains or losses are taken to the Statement of Financial Activities as they arlse. Stocks Stock is included at the lower of cost or net reallsable value. Donated Items of stock are recoBnlsed at fair value which Is the amount the chaflty would have been willing to pay for the iterns on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement am(wnt due after any trade dlseount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Cash and cash equSvalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term highly liquid investments wfth orl8lnal maturitie5 of th months or less and bank overdrafts. In the statement of financlal posltlon, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows. cash and cash equivalent5 are shown net of bank overdrafts that are repayable on demand and fomi an integr31 part of the company's cash managemenL Page 8

The Wheel Trainin8 Companv Note5 to the Ants Trade and other ueditors Short term creditors are measured at the tran5artion price. Other creditors and provisions are conised where the tharity has a present obligation resulting from a past event that wlll probably result in the transfer of funds to a third party and the amount due to settle the obligatlon can be measured or estlmated reliably- Creditors and provisions are normally reco8nised at their settlement amount after allowing for any trade dlscounts due. Research and development Expenditure on research and development Is wdtten off In the year in which k Is Incurred. currencles Monetary assets and liabilities denominated in currencies other than the functional currency of the charlty are translated at the fates of exchan8e prevalling at the end of the reporting period. Transartions in currencies other than the fvnctional currenq of the charity are recorded at the rate of exchan8e on ihe date that the transactlon occurred. All exchange differences are are taken Into account In arrlvlng at net incomelexpendlture. Leased assets Where the charSty enters into a lease whlth entalls taklng substantially all the r15ks and rewards of ownershlp of an asset. the lease Is treated as a finance lease. Leases whlch do not transfer substantially all the risks ènd rewards of ownershlp to tharity are classified as operatSn8 leases. Assets held under finance leases are Initially reco8nlsed as assets of the charity at thelr falr value at the Snception of the lease or, rf lower, at the present value of the minimum lease payments. The correspondlng liability to the le550r is included in the balance sheet date as a flnance lease obli8ation. Lease payments are apportioned betsveen finante expenses and reductlon of the lease obligation so as to achleve a constant rate of Interest on the remalnlng tsalan of the Ilabillty. Flnance expenses are recognised 5mmedlatety, unless they are directly attdbutable to quallfylng assets. In whlch case they are capltallsed in accordarbce wlth the charity's pollcy on borrowlng costs. A55et5 held under finance leases are depreciated in the same way a5 owned assets. OperatlnÈ lease payments are recognised as an expense on a straltht-line basis over the lease term. In the event that lease Incentlves are received to enter Into operatSnB leases, such incentlvès are recognised as a Ilablllty. The aggregate benefrt of incentives is recognised as a reductlon of rental expense on a strai8ht-line bas15. Penslon casts The charlty operates a defined contrilmrtion plan for its employees. A deflned contrlbutlon plan Is a pension plan under which the company pays fixed contrlbutlons into a separate entity. Once the contributions have been paid the company ha5 no further payments obligations. The contrlbutions are recogn15ed as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The asset5 of the plan are held separately from the company In independently administered funds. Recelpt of donated Qds. facllllles and seThlce5 All donated goods, facllltles and services received are recognised within Incomlng resources and expenditure at an estimate of the value to the charity. Page 9

The Wheel Training Company Notes to the Acnts 2 Company status The company is a private Company limited by 8uarantee and Consequent does not have share capital. 3 5tat•ment of Flnandal Adl¥ltles- fv year Unrestrkted funds Total funds 2022 2022 Income •nd ndowm•nts from: l)onatlons and legacle5 Charltable actlvltles 102 8,863 102 Tot•1 8,965 8.965 Exptndlture on: Charitable actlvltles 3,331 3.340 3,331 3,340 other T•tal 6,671 6,671 Net lThcome 2,294 2,294 N•t Intome b•for• other 8alnsllloss•sl Other £•lns and losses: Net movement In lunds 2,294 2.294 2,294 2,294 Recon¢lll•tlon of fvrbds: Total funds brou8ht forward T¢)tal funds Carrled forwa 1,425 3,719 1,425 3,719 4 Income from donatI(y nd14a¢i•s Unrestrlrted Totsl Total 2022 2023 Donation5 59 59 59 102 59 102 5 Income from tharltsble adl¥liles Tot*1 Total 2022 2023 Projects and Events Training 1.714 25.708 27,422 1.714 25.708 27,422 1,40S 7,458 8,863 Page 10

The Wheel Trninin8 Compny Notes to the Accounts E¥pendlture on tharftsble •cli¥rbes Unrestrlcted Totsl ZOZ3 Total 2022 Expendlture on chorltoble artiwties ProJerts and Events Govemonce costs 16.682 16,682 3,331 16,682 16,682 3,331 7 Other expendilwe Total 20Z3 Total 2022 Motor and travel costs 23 Premlses costs Amortisation, depreciation, Impairment, profivloss on disposal of fixed assets General administrative costs 1,760 91 1,168 894 1,168 746 Le8al and professional costs 720 7.494 7,494 3,340 8 fiet Income belorn trnnsfers 2022 Thls 5$ stated after charglng- Depreclatlon of owned fixed assets 9 T•n8lble Ilxed assets 91 Flmlures, tlttin8s arld eqylpment Totsl Cost or revalu•tk At 15eptember 2022 At 31 August 2023 Depretiatit)n and Impalrment At I September 2022 At 31 August 2023 Net book values 275 275 275 275 275 275 275 275 At 31 August 2023 At 31 Au8U5t 2022 Page 11

The Wheel TraInI Company Notes to the A¢¢wnts 10 Oebtors 2022 Trade debtors 3.960 3.960 11 Credltors: amounts fallin8 due within one year 2023 2022 Trade creditors Loans from trustees Accruals 221 221 479 2,701 700 12 Movement In funds Incomkni At31 August 2023 {Indudkni Resourcei Atl other expended Ptnber plnsl1055 2022 Re5trfrted lund5: Unrestrlcted funds: Gener•1 lunds 3,719 27,481 124,1761 7,024 Total lunds 13 Analysts of not a$s¢ts b¢twe¢n fvnds 3,719 27,481 124.1761 7,024 Unrestrlrted fund$ Totsl Net CunI assets 7.024 7.024 7,024 7,024 14 Recondllatlon of net debt At31 September 2022 Cash fknvs August 2023 Cash and cash equivalents 4.419 4.419 5,765 5,765 Net debt 4.419 5.765 Pa8e 12

The Wheel Tralnlng Company Note5 to the Accounts 15 Relatsd party dtsclosures Controlllnq party The company is a private company Ilmtted by guardntee and consequendy ha5 no share capital therefore the Directorsifrustees joinY have ultimate control overthe company. Page 13

The Wheel Tralnlng Company Delalled stateme of Anandal Actlylties for the year ended 31 Au8Urt 2023 Unrestrirted funds Totsl funds Totsl funds 2023 2022 Incomè •nd endowments Irom: Donations and le8acie5 Donatlons 59 59 59 102 102 59 Charltable actfvltles Projects and Events Tralnlng 1.714 25,708 27,422 1,714 25,708 27.422 1,405 7,458 8,863 Total Income and endownwnts 27.481 27,481 8,965 Expendlture on: Charitable activitles Projects and Events 16,682 16,682 16,682 16,682 3,331 3,331 Totsl ol expendhur• M ¢h•rlt•bl• •ctMtles 16.682 16,682 3,331 Motor and travel costs Travel and sub515tence 892 892 23 23 892 892 Premlses costs Rent 4.540 4.540 1,760 1,760 General administrative costs, Including depreciètion and amortlsatlon Depredation of Fixtures. fitti nd equipment Bank charges General insurances Postage and couriers Software, IT sUPPOrt and related costs Stationery and printing Subscriptions 91 61 221 61 221 221 23 366 281 341 341 179 179 173 837 1,168 1,168 LeBal and profes5ion31 costs Audlvlndependent examlnatlon fee5 Accountancy and bookkeeping Other legal and professional CQSts 120 450 414 414 150 Page 14

The Wheel Tralnln8 Company Detalled Statemenl of Flnandal Acll¥ftles 894 720 Total of expendlture ot other costs Total expenditurn Net gains on Investments 7,494 7.494 3.340 24.176 24.176 6,671 Net Inwme 3.305 3.305 2,294 Net 5ncome before other Inslllossesl Other Galns 3,305 3,305 2.294 Net M1•m• In lunds 3.305 3,305 2,294 Reconclllatlon of funds: Total funds brought forward 3.719 3.719 1,425 Tot•1 fvnds uffl¢d fomrd 7,024 7,024 3,719 Page 15

The Wheel Tfalnlng Company Charlty No. 1179263 CompaDy No. 10352544 Trustees, Report and Unaudlted Accounts 31 Ai¥iigt 2023