RWMT SUMMARY OF ACCOUNTS
EQUITY Balance Sheet for the Period 1 April 2024 to 31 March 2025
| STATUS AT 1 APRIL 2024 | STATUS AT 1 APRIL 2024 | STATUS AT 1 APRIL 2024 | STATUS AT 31 MARCH 2025 | STATUS AT 31 MARCH 2025 | STATUS AT 31 MARCH 2025 | ||
|---|---|---|---|---|---|---|---|
| 1. | ASSETS | 1. | ASSETS | ||||
| a. | Bank Accounts: | a. | Bank Accounts: | ||||
| i. Treasurers’Account | 3319.73 | i. Treasurers’Account | 2050.43 | ||||
| ii. Business Reserve | 23797.06 | ii. Business Reserve | 21555.25 | ||||
| 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 | 19000.00 | ||||
| Total Assets | 50916.79 | Total Assets | |||||
| 2. | LIABILITIES | 2. | LIABILITIES | ||||
| a. | Outstanding Bills | 0.00 | a. | Outstanding Bills | 0.00 | ||
| Total Liabilities | 0.00 | Total Liabilities | 0.00 | ||||
| 3. | EQUITY | 50916.79 | 3. | EQUITY | 42605.68 | ||
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RWMT SUMMARY OF ACCOUNTS CASH ACCOUNT
Balance Sheet for the Period 1 April 2024 to 31 March 2025
| INCOME | INCOME | INCOME | EXPENDITURE | EXPENDITURE | EXPENDITURE | ||
|---|---|---|---|---|---|---|---|
| 1. B/F from 23-24: | 1. B/F from 23-24: | 0.00 | |||||
| a. Bank Accounts: | |||||||
| i. Treasurers’Account | 3319.73 | 2. Fuel | 1236.45 | ||||
| ii. Business Reserve | 23797.06 | 3. Servicing (see page 3) | 2831.00 | ||||
| b. Cash/Cheques in hand | 0.00 | 4. Road Tax | 165.00 | ||||
| c. Outstanding Fares/Charges | 0.00 | 5. Insurance: | |||||
| Sub-total | 27116.79 | a. Vehicle | 2324.44 | ||||
| 2. Fares and Hire Charges: | b. Commercial Combined | 536.45 | |||||
| a. Fares | 0.00 | 5. Sub-total | 2860.89 | ||||
| b. OCC Concessionary | 2362.50 | 6. Sundries Out (see page 3) | 994.06 | ||||
| c. Hire Charges (see page 3) | 1955.60 | 7. C/F to 24-25: | |||||
| 2. Sub-total | 4318.10 | a. Bank Accounts: | |||||
| 3. Donations | 0.00 | i. Treasurer’s Account | 2050.43 | ||||
| 4. Bank Interest (Gross) | 258.19 | ii. Business Reserve | 21555.25 | ||||
| 5. Sundries In | 0.00 | 7. Sub-total | 23605.68 | ||||
| 6. Outstanding Bills | 0.00 | ||||||
| TOTAL INCOME | 31693.08 | TOTAL EXPENDITURE | 31693.08 |
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BREAKDOWN OF DONATIONS AND COSTS – 1 APR 24 – 31 MAR 25
Hire Charges
| Yellow Submarine | 797.40 |
|---|---|
| St Hugh’s School | 599.36 |
| King Alfred’s School | 245.00 |
| 1stW&S Scouts | 145.00 |
| Stanford WI | 75.84 |
| Buckland WI | 55.00 |
| Buckland Choir | 38.00 |
| Total | 1955.60 |
– Outgoings Servicing and Repairs
| Ad Blue Fault | 1708.00 |
|---|---|
| Safety Checks and Annual Service | 647.00 |
| Coachwork repairs | 216.00 |
| Rear light replacement | 180.00 |
| MOT | 80.00 |
| Total | 2831.00 |
Outgoings – Sundries
| RWMT Meeting/Meals | 785.29 |
|---|---|
| Website builder (123 Reg) | 115.00 |
| Tracker subscription (TruTrak) | 59.99 |
| Domain renewal–2 years (123 Reg) | 28.78 |
| Vehicle wash | 5.00 |
| Total | 994.06 |
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Value of the Minibus
No depreciation for past 2 years, but values have now dropped significantly/normalised.
A review of prices for ten 2019 Peugeot Boxer minibuses shows a very large range of values between £23,000 and £13,000, with a mean value of £19,000 (including VAT). Value is dependent on features fitted (eg accessibility), mileage and condition. Our vehicle is low mileage, but the price might be lowered by the paint scheme. I estimate the current value to be £19,000, a drop of £4,800, equivalent to 20% which is still lower than the 25% per year we applied until FY 22-23.
Notes on RWMT Accounts 1 Apr 24 – 31 Mar 25
Equity in the RWMT has reduced by £8,300 this year, after an increase of around £3,000 last year. This is mainly due to:
The return of depreciation (-£4,800). No donations (-£3,850) Concessionary fares (-£1300) – reduction and the months in which we are paid not lining up with FY. Increased Servicing/Maintenance requirements and cost (-£1150) Increased insurance costs (-£800; 3 claims in past 6 years) Increased sundries expenditure (-£400)
Offset to some extent by increased hires (+£1650)
Even with the loss of donations, the RWMT should remain financially viable for the next 5 years if passenger numbers and concessionary fares reimbursement remain stable. Replacement of the minibus remains the largest financial risk, but this is not anticipated in the next few years.
The service from Fuel Card Services remains good.
Prepared by:
Fred Church RWMT Treasurer
18 Jun 25
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