RWMT SUMMARY OF ACCOUNTS EQUITY
Balance Sheet for the Period 1 April 2021 to 31 March 2022
| STATUS AT 1 APRIL 2021 | STATUS AT 1 APRIL 2021 | STATUS AT 31 MARCH 2022 | STATUS AT 31 MARCH 2022 | ||||
|---|---|---|---|---|---|---|---|
| 1. | ASSETS | 1. | ASSETS | ||||
| a. | Bank Accounts: | a. | Bank Accounts: | ||||
| i. Treasurers’Account | 6,013.56 | i. Treasurers’Account | 4206.81 | ||||
| ii. Business Reserve | 12,922.63 | ii. Business Reserve | 15774.16 | ||||
| b. Cash/Cheques in hand | 0.00 | b. Cash/Cheques in hand | |||||
| c. Outstanding Receipts | 0.00 | c. Outstanding Receipts | |||||
| d. Value of Minibus | 28,000.00 | d. Value of Minibus | 23800.00 | ||||
| Total Assets | 46936.19 | 46,936.19 | Total Assets | 43780.97 | |||
| 2. | LIABILITIES | 2. | LIABILITIES | ||||
| a. | Outstanding Bills | 0.00 | a. | Outstanding Bills | 0.00 | ||
| Total Liabilities | 0.00 | Total Liabilities | 0.00 | ||||
| 3. | EQUITY | 46,936.19 | 3. | EQUITY | 43780.97 | ||
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RWMT SUMMARY OF ACCOUNTS CASH ACCOUNT Balance Sheet for the Period 1 April 2021 to 31 March 2022
| INCOME | EXPENDITURE | ||||||
|---|---|---|---|---|---|---|---|
| 1. B/F from 20-21: | 0.00 | 1. B/F from 20-21: | 0.00 | ||||
| a. Bank Accounts: | a. | ||||||
| i. Treasurers’Account | 6,013.56 | 2. Fuel | 1155.14 | ||||
| ii. Business Reserve | 12,922.63 | 3. Servicing (see page 3) | 499.06 | ||||
| b. Cash/Cheques in hand | 4. Road Tax | 165.00 | |||||
| c. Outstanding Fares/Charges | 5. Insurance: | ||||||
| Sub-total | 18936.19 | a. Vehicle | 1604.33 | ||||
| 2. Fares and Hire Charges: | b. Commercial Combined | 433.61 | |||||
| a. Fares | 0.00 | c. Car Scheme | 157.60 | 2195.54 | |||
| b. OCC Concessionary | 2023.50 | 5. Sub-total | |||||
| c. Hire Charges | 0.00 | 6. Sundries Out (see page 3) | 669.21 | ||||
| 2. Sub-total | 2023.50 | 7. C/F to 22-23: | |||||
| 3. Donations (see page 3) | 3703.70 | a. Bank Accounts: | |||||
| 4. Bank Interest (Gross) | 1.53 | i. Treasurer’s Account | 4206.81 | ||||
| 5. Sundries In | 0.00 | ii. Business Reserve | 15774.16 | ||||
| 6. Outstanding Bills | 0.00 | b. Cash/Cheques in hand | 0.00 | ||||
| 17. Sub-total | 19980.97 | ||||||
| TOTAL INCOME | 24664.92 | TOTAL EXPENDITURE | 24664.92 |
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BREAKDOWN OF DONATIONS AND COSTS – APR 21 – MAR 22
Donations to RWMT
| Southby Trust (Apr 21) | 2500.00 |
|---|---|
| Open Lakes (May 21) | 503.70 |
| Buckland PC (May 21) | 350.00 |
| Buckland PC (Jan 22) | 350.00 |
| Total | 3703.70 |
– Outgoings Servicing and Repairs
| Safety Check (Jul 21) | 36.00 |
|---|---|
| Safety Check (Nov 21) | 54.00 |
| Safety Check/Oil Change (Jan 22) | 213.06 |
| MOT (Apr 21) | 90.00 |
| Repairs (Mirror caps) (Apr 21) | 34.00 |
| Repairs (Step/Handbrake) (Jul 21) | 72.00 |
| Total | 499.06 |
Outgoings – Sundries
| Tracker (Mar 22) | 98.98 |
|---|---|
| Cleaning | 70.00 |
| Old Website | 402.76 |
| New Website | 36.00 |
| Step Stool | 8.49 |
| Flowers (T O’B) | 52.98 |
| Total | 669.21 |
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Value of the Minibus
As with all used vehicles, Peugeot Boxer minibuses are in short supply and vehicle depreciation has remained significantly lower than the usual 25% per year I have used before last year. Based on the few advertised prices for 2019 Peugeot Boxer minibuses, I have continued to estimated depreciation at 15% this year. The current Minibus value is therefore estimated at £23,800.
Notes on RWMT Accounts Apr 21 – Mar 22
Equity in the RWMT has decreased by around £3,000 this year.
The main reason is the depreciation on a 3-year-old vehicle which, although less than in normal times, is still a large cost (£4,200). This was coupled with the year’s operations still being affected by the pandemic, and some payments not falling equally across our financial year.
Income:
We have had no hires or cash fares income during the year.
We received only 3 payments from Oxfordshire County Council during the year; in 20/21 because of the way payments fell (we received 4 in 20/21). Again, the months in which they were received affected the payments from the Southby Trust (1) and the Buckland Parish Council (2). They were a great help, as was the donation from the Lakes Open Day.
Expenditure:
The lessening effect of the pandemic was reflected in a doubling of our fuel costs.
Insurance for the minibus has stayed at the same level.
Maintenance and servicing costs dropped by around £700 (to around half of what they were last year), while expenditure on sundries increase by some £600; mainly website costs (which prompted the change to a new website) and installation of a tracker.
The service from Fuel Card Services remains good.
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Prepared by:
Fred Church RWMT Treasurer
22 May 22
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