## **RWMT SUMMARY OF ACCOUNTS** ## **EQUITY Balance Sheet for the Period 1 April 2025 to 31 March 2026** ||**STATUS AT 1 APRIL 2025**|**STATUS AT 1 APRIL 2025**|||**STATUS AT 31 MARCH 2026**|**STATUS AT 31 MARCH 2026**|| |---|---|---|---|---|---|---|---| |1.|**ASSETS**|||1.|**ASSETS**||| |a.|Bank Accounts:|||a.|Bank Accounts:||| |i. Treasurers’Account||2050.43||i. Treasurers’Account||3321.71|| |ii. Business Reserve||21555.25||ii. Business Reserve||4697.54|| |b. Cash/Cheques in hand||0.00||b. Cash/Cheques in hand||0.00|| |c.OutstandingReceipts||0.00||c.OutstandingReceipts||0.00|| |d. Value of Minibus||19000.00||d. Value of Minibus||19000.00|| ||||||||| |**Total Assets**|||**42605.68**|**Total Assets**|||**27019.25**| ||||||||| |2.|**LIABILITIES**|||2.|**LIABILITIES**||| |a.|Outstanding Bills|0.00||a.|Outstanding Bills|0.00|| ||||||||| |**Total Liabilities**|||**0.00 **|**Total Liabilities**|||**0.00**| ||||||||| |3.|**EQUITY**||**42605.68**|3.|**EQUITY**||**27019.25**| ||||||||| ||||||||| ||||||||| 1 of 5 ## **RWMT SUMMARY OF ACCOUNTS CASH ACCOUNT Balance Sheet for the Period 1 April 2025 to 31 March 2026** ||**INCOME**||||**EXPENDITURE**||| |---|---|---|---|---|---|---|---| ||||||||| ||**1. B/F from 24-25: **||||**1. B/F from 24-25: **||**0.00**| ||a. Bank Accounts:||||||| ||i. Treasurers’Account|2050.43|||**2. Fuel**||**1067.20**| ||ii. Business Reserve|21555.25|||**3. Servicing (see page 3)**||**1199.00**| ||b.Cash/Chequesin hand|0.00|||**4. Road Tax **||**165.00**| ||c. Outstanding Fares/Charges|0.00|||**5. Insurance:**||| ||**Sub-total**||**23605.68**||a. Vehicle|2039.37|| ||**2. Fares and Hire Charges:**||||b. Commercial Combined|560.42|| ||a. Fares|0.00|||**5.Sub-total**||**2599.79**| ||b. OCC Concessionary|3712.50|||**6. Sundries Out (see page 3)**||**1212.23**| ||c. Hire Charges (see page 3)|1802.00|||**7. C/F to 25-26:**||| ||**2. Sub-total**||**5514.50**||a. Bank Accounts:||| ||**3. Donations**||**0.00 **||i. Treasurer’sAccount|3321.71|| ||**4. Bank Interest (Gross)**||**142.29 **||ii. BusinessReserve|4697.54|| ||**5. Sundries In**||**0.00**||**7. Sub-total**||**8019.25**| ||**6. Outstanding Bills**||**0.00**||**8. Grant to FLM**||**15000.00**| ||||||||| ||||||||| ||||||||| ||||||||| ||**TOTAL INCOME**||**29262.47**||**TOTAL EXPENDITURE**||**29262.47**| 2 of 5 ## **BREAKDOWN OF DONATIONS AND COSTS – 1 APR 25 – 31 MAR 26** ## **Hire Charges** |Yellow Submarine|617.00| |---|---| |St Hugh’s School|264.00| |KingAlfred’s School|258.00| |BucklandKitchen|220.00| |Stanford in the Vale Minibus|134.00| |Faringdon Rugby Club|110.00| |Cambrian Learning|94.00| |StanfordintheVale Gardening Club|65.00| |Buckland Choir|40.00| |**Total**|**1802.00**| ## **– Outgoings Servicing and Repairs** |Main service|460.00| |---|---| |Safety Check (x4)|324.00| |Heater fan|198.00| |Hillstart/Brakes|137.00| |MOT|80.00| |**Total **|**1199.00**| ## **Outgoings – Sundries** |Meetings/Hospitality|888.44| |---|---| |TruTrack(vehicle tracker)|169.98| |Website Builder|115.06| |Bank Charges|38.75| |**Total **|**1212.23**| 3 of 5 ## **Value of the Minibus** _~ A review of twenty-five 2019/20 Peugeot Boxer minibuses with similar mileage ( 30,000 miles) being sold commercially shows prices between £20,000 and £24,000. I have therefore kept the value of the RWMT minibus at £19,000 in view of the fact that we are unlikely to get a commercial price, because it may need the access ramp fitted before sale, and because of its unique paint scheme._ 4 of 5 ## **Notes on RWMT Accounts 1 Apr 25 – 31 Mar 26** _Due to very low numbers of passengers, and insufficient numbers of volunteers to drive and manage the minibus maintenance, it was agreed the RWMT charity should, with regret, be wound up. The trustees unanimously adopted the following Resolution at a meeting on 19 November 2025:_ _“It is resolved to close the Richard Wellesley Memorial Transport Group in accordance with its constitution. All efforts will be made to care for its existing small number of regular passengers and to disperse its assets as far as possible in line with its charitable objectives, namely:_ _To provide transport facilities in the villages of Hinton Waldrist, Longworth, Buckland and Littleworth for persons who have special need of such facilities by reason of youth, age, ill-health, disability, financial or other disadvantage or those living in isolated areas where there are no adequate or safe public transport facilities.”_ _Since then, with the help of Oxfordshire County Council, the RWMT has passed on the S22 routes and existing passengers to be absorbed within revised routes of the First and Last Mile CIC (company number 13032300), with an initial grant of £15,000 from RWMT._ _Additionally, a Memorandum of Understanding has been agreed between RWMT and the Buckland Memorial Hall (charity number 1161514) to donate the minibus (valued at £19,000) along with a financial grant to the Memorial Hall for use as a community asset. The Hall has amended its constitution to specifically allow this._ _An application to close the RWMT charity was submitted to the Charity Commission on 17 June 2026. One this has been agreed, final donations will be made to First and Last Mile and the Buckland Memorial Hall to use up the remaining RWMT funds. The RWMT bank account will then be closed and a final set of accounts submitted._ ## Prepared by: Fred Church RWMT Treasurer 13 Aug 26 5 of 5