RWMT SUMMARY OF ACCOUNTS EQUITY
Balance Sheet for the Period 1 April 2022 to 31 March 2023
| STATUS AT 1 APRIL 2022 | STATUS AT 1 APRIL 2022 | STATUS AT 31 MARCH 2023 | STATUS AT 31 MARCH 2023 | ||||
|---|---|---|---|---|---|---|---|
| 1. | ASSETS | 1. | ASSETS | ||||
| a. | Bank Accounts: | a. | Bank Accounts: | ||||
| i. Treasurers’Account | 4206.81 | i. Treasurers’Account | 4392.36 | ||||
| ii. Business Reserve | 15774.16 | ii. Business Reserve | 19702.16 | ||||
| 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 | 23800.00 | d. Value of Minibus | 23800.00 | ||||
| Total Assets | 43780.97 | Total Assets | 47894.52 | ||||
| 2. | LIABILITIES | 2. | LIABILITIES | ||||
| a. | Outstanding Bills | 0.00 | a. | Outstanding Bills | 0.00 | ||
| Total Liabilities | 0.00 | Total Liabilities | 0.00 | ||||
| 3. | EQUITY | 43780.97 | 3. | EQUITY | 47894.52 | ||
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RWMT SUMMARY OF ACCOUNTS CASH ACCOUNT Balance Sheet for the Period 1 April 2022 to 31 March 2023
| INCOME | EXPENDITURE | ||||||
|---|---|---|---|---|---|---|---|
| 1. B/F from 21-22: | 0.00 | 1. B/F from 21-22: | 0.00 | ||||
| a. Bank Accounts: | |||||||
| i. Treasurers’Account | 4206.81 | 2. Fuel | 1262.15 | ||||
| ii. Business Reserve | 15774.16 | 3. Servicing (see page 3) | 403.80 | ||||
| b. Cash/Cheques in hand | 0.00 | 4. Road Tax | 165.00 | ||||
| c. Outstanding Fares/Charges | 0.00 | 5. Insurance: | |||||
| Sub-total | 19980.97 | a. Vehicle | 1462.97 | ||||
| 2. Fares and Hire Charges: | b. Commercial Combined | 468.12 | |||||
| a. Fares | 383.00 | 5. Sub-total | 1931.09 | ||||
| b. OCC Concessionary | 2693.50 | 6. Sundries Out (see page 3) | 432.24 | ||||
| c. Hire Charges (see page 3) | 985.83 | 7. C/F to 23-24: | |||||
| 2. Sub-total | 4062.33 | a. Bank Accounts: | |||||
| 3. Donations (see page 3) | 4208.78 | i. Treasurer’s Account | 4392.36 | ||||
| 4. Bank Interest (Gross) | 36.72 | ii. Business Reserve | 19702.16 | ||||
| 5. Sundries In | 0.00 | b. Cash/Cheques in hand | 0.00 | ||||
| 6. Outstanding Bills | 0.00 | 7. Sub-total | 24094.52 | ||||
| TOTAL INCOME | 28288.80 | TOTAL EXPENDITURE | 28288.80 |
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BREAKDOWN OF DONATIONS AND COSTS – APR 22 – MAR 23
Hire Charges
| St Hughs | 947.43 |
|---|---|
| Faringdon Learning | 38.40 |
| Total | 985.83 |
Donations to RWMT
| J Southby (Apr 22) | 3500.00 |
|---|---|
| Buckland PC | 350.00 |
| Buckland Lakes | 317.50 |
| J Southby (School Trip–Jul 22) | 41.28 |
| Total | 4208.78 |
– Outgoings Servicing and Repairs
| Electrical Issues | 181.80 |
|---|---|
| MOT | 60.00 |
| Safety Check–May 22 | 54.00 |
| Safety Check–Aug 22 | 54.00 |
| Safety Check–Oct 22 | 54.00 |
| Total | 403.80 |
Outgoings – Sundries
| RWMT Annual Meeting | 167.18 |
|---|---|
| Insurance Excess after accident | 150.00 |
| Website Builder | 115.06 |
| Total | 432.24 |
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Value of the Minibus
Used vehicles, and particularly minibuses, continue to be in short supply and a review of prices for 2019 Peugeot Boxer minibuses shows a very large range of values between £25,000 and £40,000, depending on features fitted (eg accessibility), weight, number of seats, mileage and paintwork. We have usually applied depreciation of 25% per year to the value of the minibus but have applied 15% for the past 2 years; however, I believe that applying no depreciation this year (leaving the value at £23,800) would be reasonable.
Notes on RWMT Accounts Apr 22 – Mar 23
Equity in the RWMT has increased by just over £4,000 this year. This is due to increases in donations (particularly Southby by £1,000), fares and hires, with expenditure remaining similar to 2021/22. I expect equity will reduce over the coming year with hires and fares declining and depreciation likely to become a factor again.
The service from Fuel Card Services remains good.
Prepared by:
Fred Church RWMT Treasurer
31 Aug 23
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