## **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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