## **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**| ||||||||| ||||||||| ||||||||| 1 of 4 ## **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**| 2 of 4 ## **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**| 3 of 4 ## **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 4 of 4