2022-03-31-accounts

		2022	2021
		f'000	f'000
Totalunrestricted	reserves	1,500	2,013
Less: designated	funds	(567)	(295)
Less: unrestricted	fixed assets	(337)	(157)
Free reserves		596	1,561

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
			Note	f	f	f	f
Income from:
Donations and	legacies		3	86,016	131,846	217,862	580,121
Charitable activities			4	3,185,468	9,671	3,195,139	2,811,880
Investments			5				84
Otherincome			6	11,608		11,608	3,171
Total income				3,283,092	141,517	3,424,609	3,395,256
Expenditure on:
Charitable activities			7	3,796,801	150,151	3~946p952	3058828
Total expenditure				3,796,801	150,151	3,946,952	3,058,828
Net movement	in funds			(513,709)	(8,634)	(522,343)	336,428
Reconciliation	offunds:
Total funds brought		forward		2,013,439	163,146	2,176,585	1,840,157
Net movement	in funds			(513,709)	(8,634)	(522,343)	336,428
Total funds carried		forward		1,499,730	154,512	1,654,242	2,176,585

				2022f	2021 f
Cash flows from operating	activities
Net cash used in operating	activities			(515,500)	425,246
Cash flows from investing	activities
Proceeds from the sale oftangible fixed assets				13,139	3,171
Purchase oftangible fixed assets				(244,566)	(34,525)
Net cash used in investing	activities			(231,427)	(31,354)
Cash flows from financing	activities
Repayments of borrowing					(14,026)
Net cash provided by/(used	in) financing		activities		(14,026)
Change in cash and cash equivalents		in the year		(746,927)	379,866
Cash and cash equivalents	at the beginning		ofthe year	1,748,749	1,368,883
Cash and cash equivalents	at the end	ofthe year		1,001,822	1,748,749
The notes on pages 24to 42form part		ofthese financial statements

Freehold property		— 296straight line basis
Short-term leasehold	property	- Over the period ofthe lease
Motor vehicles		- 2096straight line basis
Fixtures and fittings		- 1096-2596straight line basis

	Unrestricted	Restricted	Total
	funds	funds	funds
	2022 f.	2022 f	2022f
Donations	34,937		34,937
Grants	51,079	131,846	182,925
	86,016	131,846	217,862
	Unrestricted	Restricted	Total
	funds	funds	funds
	2021f	2021 f	2021 f
Donations		33,559	33559
Grants	225,019	321;543	546,562
	225,019	355,102	580,121

			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022	2022
			6		6
Service income			3,185,468		3,185,468
Coronavirus	job retention	scheme		9,671	9,671
			3,185,468	9,671	3,195,139
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
			E	E	E
Service income			2,702,463		2,702,463
Coronavirus	job retention	scheme		109,417	109,417
			2,702,463	109,417	2,811,880

				Total
				funds
				2022
				6
Bank	interest	receivable
			Unrestncted	Total
			funds	funds
			2021	2021
			E	E
Bank	interest	receivable	84	84

						Unrestricted	Total
						funds	funds
						2022	2022
						f	f
Profit	on	sale	oftangible	fixed	assets	11,608	11,608
						Unrestricted	Total
						funds	funds
						2021	2021
						f	f
Profit	on	sale	oftangible	fixed	assets	3,171	3,171

		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		f	f
Passengerservices		1,661,104	150,151	1,811,255
Furniture	services	1,565,692		1,565,692
Other services		570,005		570,005
		3,796,801	150,151	3,946,952

		Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
			f	f	f
Passenger services			1,078,300	475,732	1,554,032
Furniture services			1,004,757		1,004,757
Other services			500,039		500,039
			2,583,096	475,732	3,058,828
Auditors' remuneration
				2022	2021
				f	f
Fees payable to the Group's auditor		for the audit ofthe Group's annual	accounts	10,145	9,655
Fees payable to the Group's auditor		in respect of:
All taxation	advisory services not included above			110	105
All non-audit	services not included	above		1,480	1,405
Staff costs
		Group	Group	Charity	Charity
		2022	2021	2022	2021
		f	f	f	f
Wages and salaries		1,879,032	1,461,551	1,879,032	1,461,551
Social security costs		134,280	96,545	134,280	96,545
Contribution	to defined contribution	pension
schemes		58,661	44,843	58,661	44,843
		2,071,973	1,602,939	2,071,973	1,602,939

			Group	Group	charity	Charity
			2022	2021	2022	2021
			No.	No.	No.	No.
Passenger			62	58	62	58
Furniture			28	25	28	25
Training			2	2	2	2
Administration	and support		17	17	17	17
			109	102	109	102
The number of	employees	whose employee	benefits (excluding employer	pension costs) exceeded E60,000was:
					Group	Group
					2022	2021
					No.	No.
In the band F60001- E70000					2	2
In the band E90,001-E100,000					1	1

		Short-term
	Freehold	leasehold		Fixtures and
	propeny	property	Motor yehides	fittings	Total
	E	E	E	E	E
Cost or valuation
At 1April 2021	493,634	17,999	795,632	129,221	1,436,486
Additions	60,160	16,065	168,341		244,566
Disposals			(219,236)		(219,236)
At 31March 2022	553,794	34,064	744,737	129,221	1,461,816
Depreciation
At 1April 2021	247,480	17,999	726,169	124,429	1,116,077
Charge for the year	14,504	803	51,948	4p792	72,047
On disposals			(217,7051		(217,705)
At 31March 2022	261,984	18,802	560,412	129,221	970,419
Net book value
At 31March 2022	291,810	15p262	184,325		491,397
At 31March 2021	246,154		69,463	4,792	320,409

						Group	Group	Charity	Charity
						2022	2021	2022	2021
						f	f	f	f
	Stocks					16,078	11,341	16,078	11,341
14.	Debtors
						GrouP	Group	Charity	Charity
						2022	2021	2022	2021
						f	f	f	f
	Due within one		yeor
	Trade debtors					156,827	241,682	156,827	241,682
	Amounts owed		by group undertakings					115,361	271,296
	Other debtors					98,466	71,879	98,466	71,879
	Prepayments	and accrued income				367,411	187,077	367,411	187,077
						622,704	500,638	738,065	771,934
15.	Creditors: Amounts			falling due within one year
						Group	Group	Charity	Charity
						2022	2021	2022	2021
						f	f	f	f
	Trade creditors					226,427	220,895	226,427	220,895
	Other taxation		and social security				25,099		25,099
	Other creditors					19,693	16,612	19,693	16,611
	Accruals and deferred				income	231,639	141,946	231,639	141,946
						477,759	404,552	477,759	404,551

16.	Statement offunds	Statement offunds
	Group statement	offunds	- current	year
				Balance at 1			Transfers	Balance at 31
				April 2021	Income	Expenditure	in/out	March 2022
				6	6	6	E	6
	Vnrestricted funds
	Designated funds
	Designated capital	fund		295,000			272,000	567,000
	General funds
	Revenue funds			1,705,434	3,128,618	(3,640,152)	(272,000)	921,900
	Retained in subsidiary			13,005	154,474	(156,649)		10,830
				1,718,439	3,283,092	(3,796,801)	(272,000)	932,730
	Total Unrestricted	funds		2,013,439	3,283,092	(3,796,801)		1,499,730
	Restricted funds
	Capital grants			163,146		(8,634)		154,512
	Sandwell MBC - Adult and
	Community Services				14,112	(14,112)
	Coronavirus job retention		scheme
	grant				9,671	(9,671)
	Kickstart				112,734	(112,734)
	Education &Skills	Council
	Traineeship				5,000	(5,000)
				163,146	141,517	(150,151)		154,512
	Total offunds			2,176,585	3,424,609	(3,946,952)		1,654,242

	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022	2022
	f	f	f
Tangible fixed assets	336,885	154,512	491,397
Current assets	1,640,604		1,640,604
Creditors due within one year	(477,759)		(477,759)
Total	1,499,730	154,512	1,654,242
Group analysis ofnet assets between funds - prior period
	Unrestricted	Restricted	Tata I
	funds	funds	funds
	2021	2021	2021
	f	f	f
Tangible fixed assets	157,263	163,146	320,409
Current assets	2,260,728		2,260,728
Creditors due within one year	(404,552)		(404,552)
Total	2,013,439	163,146	2,176,585

								Group	Group
								2022	2021
									f
	Net income/expenditure				for the year (as	per Statement of Financial Activities)		(522,343)	336,428
	Adjustments		for:
	Depreciation		charges					72,047	80,542
	Profit on	the	sale	offixed	assets			(11,608)	(3,171)
	Increase	in stocks						(4,737)	(4,762)
	Increase	in debtors						(122,066)	(17,584)
	Increase	in creditors						73,207	33,793
	Net cash	provided		by/(used in) operating		activities		(515,500)	425,246
19.	Analysis	ofcash and cash			equivalents
								Group	Group
								2022	2021
								f	f
	Cash in hand							1,001,822	1,748,749
	Total cash and cash equivalents							1,001,822	1,748,749
20.	Analysis	ofchanges in net debt
						At 1	April		At 31March
							2021	Cash flows	2022
							f	f	f
	Cash at bank		and	in hand		1,748,749		(746,927)	1,001,822
						1,748,749		(746,927)	1,001,822

				Group	Group	Charity	Charity
				2022f	2021 f	2022 f	2021f
Not later	than	1year		592,276	352,990	592,276	352,990
Later than	1year and not later		than 5years	1,230,948	369,638	1,230,948	369,638
				1,823,224	722,628	1,823,224	722,628
The following		lease payments	have been recognised	as an expense	in the Statement	of Financial Activities:
				Group	Group	Charity	Charity
				2022	2021	2022	2021
				f	F.	f	f
Operating	lease rentals			619,692	397,452	619,692	397,452