## **RWMT SUMMARY OF ACCOUNTS EQUITY Balance Sheet for the Period 1 April 2020 to 31 March 2021**
**----- Start of picture text -----**
STATUS AT 1 APRIL 2020 STATUS AT 31 MARCH 2021
1. ASSETS 1. ASSETS
a. Bank Accounts: a. Bank Accounts:
i. Treasurers’ Account 7,103.71 i. Treasurers’ Account 6,013.56
ii. Business Reserve 8,919.80 ii. Business Reserve 12,922.63
b. Cash/Cheques in hand 0.00 b. Cash/Cheques in hand 0.00
c. Outstanding Receipts 0.00 c. Outstanding Receipts 0.00
d. Value of Minibus 33,020.00 d. Value of Minibus 28,000.00
Total Assets 49,043.51 Total Assets 46,936.19
2. LIABILITIES 2. LIABILITIES
a. Outstanding Bills 0.00 a. Outstanding Bills 0.00
Total Liabilities 0.00 Total Liabilities 0.00
3. EQUITY 49,043.51 3. EQUITY 46,936.19
**----- End of picture text -----**
1 of 5
## **RWMT SUMMARY OF ACCOUNTS CASH ACCOUNT Balance Sheet for the Period 1 April 2020 to 31 March 2021**
**----- Start of picture text -----**
INCOME EXPENDITURE
1. B/F from 19-20: 1. B/F from 19-20: 0.00
a. Bank Accounts: a.
i. Treasurers’ Account 7,103.71 2. Fuel 455.25
ii. Business Reserve 8,919.80 3. Servicing (see page 3) 1,233.83
b. Cash/Cheques in hand 0.00 4. Road Tax 165.00
c. Outstanding 0.00 5. Insurance:
Fares/Charges
Sub-total 16,023.51 a. Minibus - Peugeot 1,620.82
2. Fares and Hire b. Employers Liability 414.88
Charges:
a. Fares 0.00 c. Car Scheme 152.00
b. OCC Concessionary 2645.00 5. Sub-total 2,187.70
c. Hire Charges (see page 0.00 6. Sundries Out (see page 43.37
3) 4)
2. Sub-total 2645.00 7. C/F to 20-21:
3. Donations (see page 4,350.000 a. Bank Accounts:
3)
4. Bank Interest 2.83 i. Treasurer’s Account 6,013.56
(Gross)
5. Sundries In 0.00 ii. Business Reserve 12,922.63
6. Outstanding Bills 0.00 b. Cash/Cheques in hand 0.00
17. Sub-total 18,936.19
**----- End of picture text -----**
2 of 5
**TOTAL INCOME**
**23,021.34 TOTAL EXPENDITURE**
**23,021.34**
3 of 5
## **BREAKDOWN OF DONATIONS AND COSTS – APR 20 – MAR 21**
## **Hires**
**----- Start of picture text -----**
Nil
Total 0.00
Donations to RWMT
Southby Trust (Apr 20) 2,500.00
Southby Trust (Mar 21) 1,500.00
Buckland PC 350.00
Total 4,350.00
–
Outgoings Servicing and Repairs
May 20 – Safety Check 36.00
May 20 - MOT 59.55
Jul 20 – Safety Check 36.00
Jul 20 – Fail to Start 75.00
Jul 20 – New battery 201.90
Oct 20 – Safety Check (+heater 54.00
hose)
Dec 20 – Safety Check 36.00
Feb 21 – Safety Check 54.00
Feb 21 - Service 512.38
Feb 21 - Tyre 169.00
Total 1,233.83
**----- End of picture text -----**
4 of 5
## **Outgoings – Sundries**
**----- Start of picture text -----**
Wine (for fitting heater hose) 14.98
Website 14.39
Hand Cleanser 14.00
Total 43.37
**----- End of picture text -----**
## **Value of the Minibus**
_Vehicle depreciation in general has been significantly lower than usual in the past year and based on advertised prices of four, 2019 Peugeot Boxer minibuses, I have estimated it at 15% this year. Current Minibus value is therefore estimated at £28,000._
## **Notes on RWMT Accounts Apr 20 – Mar 21**
_Equity in the RWMT has increased by around £900 this year._
_As a result of the pandemic, RWMT operations have been very unusual this year,_
## _Income:_
_We have had no hires or cash fares), whereas in 2019/20 we received £279 in cash fares and £950 in hires._
_We received £1,378 from event donations (eg Open Gardens) in 2019/20 and received none in 2020/21, although the Southby Trust grants and Buckland Parish Council grants have been very welcome. We also received £503.70 from the Buckland Lakes Open Garden this May, which will be counted in the 2021/22 accounts._
## _Expenditure:_
_With less bus runs, fuel costs have been lower (£455.25 against £1,484.60 in 2019/20)._
5 of 5
_Insurance for the minibus has stayed at about the same level, although we paid an extra £350 in 2019/20 for the period when we insured the Peugeot and the Renault. Our commercial (personal liability) insurance and car scheme insurance have stayed the same._
_Our only servicing/maintenance in 2019/20 was the safety checks, totalling £198. During 2020/21, servicing and maintenance totalled around £1,234, with a full service, new tyre, investigation into no starting, a new battery, and a replacement for the damaged heater hose._
_The service from Fuel Card Services remains good._
## Audited by:
Fred Church RWMT Treasurer
R J Tuffill ACA
28 Sep 21
6 of 5