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|||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|



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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
||||Note|f|f|f|f|
|Income from:||||||||
|Donations<br>and|legacies||3|86,016|131,846|217,862|580,121|
|Charitable<br>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<br>on:||||||||
|Charitable<br>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|





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|||||2022f|2021<br>f|
|---|---|---|---|---|---|
|Cash flows from operating|activities|||||
|Net cash used<br>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<br>of borrowing|||||(14,026)|
|Net cash provided<br>by/(used|in) financing||activities||(14,026)|
|Change<br>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||||





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



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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022<br>f.|2022<br>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<br>f|2021<br>f|
|Donations||33,559|33559|
|Grants|225,019|321;543|546,562|
||225,019|355,102|580,121|





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||||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|





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|||||||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|



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|||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|





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|||Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2021|
||||f|f|f|
|Passenger services|||1,078,300|475,732|1,554,032|
|Furniture<br>services|||1,004,757||1,004,757|
|Other services|||500,039||500,039|
||||2,583,096|475,732|3,058,828|
|Auditors'<br>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|



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||||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|



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|||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|





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|||||||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<br>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|





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|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<br>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<br>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<br>MBC - Adult and||||||||
||Community<br>Services||||14,112|(14,112)|||
||Coronavirus<br>job retention||scheme||||||
||grant||||9,671|(9,671)|||
||Kickstart||||112,734|(112,734)|||
||Education<br>&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|





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||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|





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|||||||||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<br>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|





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|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2022f|2021<br>f|2022<br>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|



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