## **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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