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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 01681911 (England and Wales) REGISTERED CHARITY NUMBER: 286095

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

WANDSWORTH COMMUNITY TRANSPORT (A COMPANY LIMITED BY GUARANTEE)

Hartley Fowler LLP Statutory Auditors Chartered Accountants 4th Floor Tuition House 27-37 St George's Road

Wimbledon London SW19 4EU

WANDSWORTH COMMUNITY TRANSPORT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 21

WANDSWORTH COMMUNITY TRANSPORT

REFERENCE AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES AND DIRECTORS

Trustees Victoria Kingsbury (Chairman) John Ratcliffe (Treasurer) Rida Nicholson (Deputy Chairman) Julia Bright Simon Clark June Collins June Davies Sam Madely David Peter Andrew Tilley Pippa Hutchison Emily Foxen The following trustees are also appointed as Directors of the Company Simon Clark Victoria Kingsbury John Ratcliffe COMPANY SECRETARY M Button REGISTERED OFFICE 1b Yukon Road Clapham London SW12 9PZ

REGISTERED COMPANY NUMBER 01681911 (England and Wales)

REGISTERED CHARITY NUMBER 286095

AUDITORS Hartley Fowler LLP Statutory Auditors Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU SOLICITORS Russell-Cooke 2 Putney Hill London SW15 6AB

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WANDSWORTH COMMUNITY TRANSPORT (REGISTERED NUMBER: 01681911)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

BANKERS HSBC Plc 117 Balham High Road London SW12 9AS

The trustees, three of whom are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The organisation is established to promote the education and relieve the need, hardship and distress, sickness and mental or physical disability of persons resident or working primarily in the London Borough of Wandsworth.

In pursuit of these objectives, the organisation provides transport for organisations which are concerned with education, religion , social welfare, recreation or other activities of a charitable nature and for disabled individuals.

Main Contract

2021/22 was the last year of our contract with Wandsworth Council (started in April 2017) but this has now been extended and at the time of writing we are about to sign a five-year renewal. This is excellent news for the organisation and continues our longstanding and successful partnership with WBC. The contract includes minibus provision to community groups and services for individuals who cannot use public transport, namely Shopmobility, the Shopping Shuttle and our programme of outings to the coast, pub lunches and places of interest. Ancillary services such as volunteer provision, driver training, vehicle administration and vehicle pooling are likewise included.

Our main sponsors in the current year include Wandsworth Council and Sainsbury's Supermarkets.

Other Contracts

Dial a Ride

2021/22 was the fifth year of this contract for five buses covering mainly Wandsworth, Lambeth and Merton. This is a fiveyear contract with a possible two-year extension, worth approximately £300,000 per year. Five vehicles which were purchased for this contract are also used on the Shopping Shuttle and other activities. This is the integrated approach which the CT sector aims for, ensuring resources are used to their maximum effect, thus reducing costs and enabling us to fulfil our charitable aims at the best value possible. The contract allowed us to employ seven new drivers, further strengthening our organisation and our partnership with TfL can only be beneficial in the longer term.

OBJECTIVES AND ACTIVITIES Significant activities Minibus provision to community groups

This is the core work undertaken by Community Transport organisations and much of the activity in the Voluntary Sector in Wandsworth relies on our accessible and affordable minibuses. "Accessibility" is the major factor here and relates not only to wheelchair accessible vehicles which are easy for elderly and disabled people to use, but also to accessibility in terms of price, being able to hire at the last minute just for a couple of hours, no need for collision damage waivers and deposits, invoice at the end of the month and support with finding drivers, training group's own volunteers and organising destinations and outings. Basically, we make it easy for anyone with a need to access our transport and get out and about. Our usual outputs are still recovering as we come out of COVID 19 except for outings which have been extremely popular over the year.

Shopmobility, Outings and the Shopping Shuttle

These services are vital to our individual members who find it hard to use public transport and who often can't get out without our help. We take people shopping each week, loan them wheelchairs and mobility scooters, provide volunteer escorts, take people on days out and much much more.

Many of our beneficiaries are the most vulnerable in Wandsworth and we help keep them independent and socially integrated and happy.

Our days out have been extremely popular with people desperate to get out after the isolation of Covid and we have nearly doubled our Roadrunner and Silver Day Tripper outings this year. The Roadrunner is for people who need picking up at home, and we call the Silver Day Trippers our "Youth Team", though in fact the average age is 75 years old. They are the more active Wandsworth Pensioners who can get to bus stops, but we very much recognise the value of getting people

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WANDSWORTH COMMUNITY TRANSPORT (REGISTERED NUMBER: 01681911)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

involved early, and then if their mobility deteriorates, it is an easy transition to our door-to-door services. Everyone loves a day out and outings come up time and time again as what people want to get them out and about, make new friends and keep independent. As part of the Council's preventative strategy, they are very effective.

Driver and other training

This remains a key element in the delivery of the above services. WCT is a member of MiDAS (Minibus Driver Awareness Scheme) and we also deliver passenger assistant training, first aid training, disability awareness and wheelchair handling training to our volunteers. We see this as a growth area with accredited skill levels a must for safe delivery of our various services and potential forthcoming legislative changes concerning additional qualifications for vocational driving. PCV minibus training is another key development, with increasing numbers of drivers requiring this since D1 entitlement was withdrawn for new drivers in 1997. This has proved more and more useful to school teachers who need to upgrade their entitlement.

Public benefit

In planning the activities of the charity the trustees have had regard to the guidance issued by the Charity Commission in relation to delivering public benefit.

OBJECTIVES AND ACTIVITIES Volunteering

Volunteering is a key element of our service provision. When many CTs are giving up on volunteering this is still a strong part of our ethos. This is particularly true with our Shopmobility scheme where volunteers are very much involved.

Most of our current employees started as volunteers and this shows how the volunteering ethos underpins the services we deliver. It proves that volunteering can help you get back into work and it means that our employees genuinely believe in what we are trying to achieve. Many still do the occasional volunteer job and it means we can help out with special requests like taking a wheelchair user on holiday or to a wedding, or a group on a day out where they can't afford a paid driver.

We have over 100 volunteers on our books and they remain a key part of our service provision and underpin all of the activities listed above. Volunteers are key to the success of our operation, from Management Committee members to minibus drivers and deserve the highest praise and recognition. In particular our Shopmobility volunteers who help people do their shopping, actually do so much more than this and are a cross between unpaid social workers, friends and surrogate family. Our success in this field when so many organisations find it hard to find volunteers continues to demonstrate our commitment and excellence in this field. During the year we had a Kickstart trainee for 6 months who helped at Shopmobility and was very useful and gained valuable work experience.

Changing Demographics

In recent years there has been a steady increase in the level of support our passengers generally require. They are all getting older of course and more and more need wheelchairs and escorts. You can fit a lot less people on a minibus if they all have mobility aids and shopping trolleys, it takes longer to get people to and from their front doors and onto the buses and we get more last-minute cancellations due to illness or forgetfulness. It means our work is getting more and more vital to more and more people, but becoming more and more difficult to deliver.

It is something we all need to be aware of for future planning and budgeting, as we can only see these factors increasing.

STRATEGIC REPORT Achievement and performance Outputs and value for money

Some of the key outputs including minibus provision to community groups, shopping trips and outings and volunteer provision are monitored by the Management Committee and the Council as part of our contract targets. Many of these have been diverted into services like vaccination transport and emergency food delivery as part of our response (in partnership with Council) to the pandemic, and we have continued to maintain a high level of activity through maximising our resources through an integrated approach. A minibus might do a school run followed by a shopping trip, followed by a vaccination run or a food delivery, and then an evening transport for a club. Jobs are routinely "dovetailed" into existing schedules to maximise our outputs and additional funding levered from other sources to expand on the base requirements specified in our Council contract. This enables us to deliver services extremely efficiently and with excellent value for our funders.

Financial review Results for the current year

Income levels are up from the previous year, which shows the organisation is steadily recovering, and our turnover is again over £1million (necessitating a full audit as opposed to an independent examination) and nearly up to the pre-covid levels. Furlough was still being claimed up to September 21, but at a significantly reduced level as staff resumed their usual duties. A total of £34,066 was claimed in the year.

The accounts still show a healthy and busy organisation which we will need to sustain to meet future targets. In particular, vehicle replacement requirements due to the new ULEZ will be a significant drain on our vehicle replacement fund.

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WANDSWORTH COMMUNITY TRANSPORT (REGISTERED NUMBER: 01681911)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

Investment policy

Wandsworth Community Transport has a current and a deposit account with HSBC for everyday transactions. Any surplus cash reserves are spread across a number of financial institutions in interest bearing accounts, in order to minimise the financial risk to the charity.

STRATEGIC REPORT Financial review Reserves policy Operating reserves

Wandsworth Community Transport has developed a formal reserves policy designed to cover any sudden loss of funding, the unexpected loss of a vehicle or other major risk to the organisation. This has proved a wise precaution given the loss in income due to Covid and the Management committee at its annual review have decided it prudent to maintain the existing fund at £150,000 to cover six months running costs and to enable us to invest in our infrastructure. A further consideration is that taking on any replacement work or new contracts could require large amounts of capital to buy new vehicles, so substantial reserves are an important target. This is exemplified by the Dial a ride contract which meant the immediate purchase of five new vehicles at a cost of around £345,000.

Vehicle replacement funds and ULEZ

October 2023 sees the expansion of the ULEZ to the M25. We are expecting a "sunset period" during which our vehicles will be exempt from any charges, but replacing the older vehicles in the fleet is a very high priority. Unfortunately, there is a shortage of vehicles at the moment, with delivery times over one year so we are in a difficult position. Finding suitable replacements remains a high priority and for this reason it remains our policy to maintain our vehicle replacement fund at as high a level as possible.

Risk assessment

In conjunction with the reserves policy, WCT's risk management has been reviewed by the Management Committee and this has influenced the level of reserves. The risk management strategy identifies the major risk factors the organisation the organisation might face, why they come about, how they can be ameliorated and what actions the organisation would take should any of the identified problems materialise. These include a sudden loss of funding, a change in legislation that could jeopardise the core nature of the business (e.g. new licensing regulations or the introduction of a further low emission zone) and the loss of one or more vehicles through theft or accident.

In particular, the variations in contract income in recent years has highlighted the effect of this type of risk. In the past we have managed to find alternative sources of work but this is not guaranteed and we have to plan for variations of income which might be of the order of £200,000 from one year to the next.

Value for money and excellent service remain crucial to maintain current business and to attract new customers.

Covid 19 and Plans for the future

Lockdown commenced in March 2020 and our level of work dropped considerably. With the help of the furlough scheme we have managed to keep our heads above water and divert some additional resources into our emergency Covid19 response, working closely with the Council and Age UK. Over the year, we have restarted all our services which are all now fully operational. Outings in particular have increased dramatically and have been incredibly well received and massively oversubscribed.

The plans for the year ahead are to continue to look for any new opportunities and to help with the ongoing crises due to fuel shortages, power cuts and inflation. The expansion of the ULEZ is another important factor along with sharp increases in the cost of fuel and the London Living wage.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is constituted as a company limited by guarantee.

None of the Management Committee has any beneficial interest in the company and they all guarantee to contribute £1 in the event of a winding up.

Decision making

The organisation is managed by a Management Committee (MC) of 9 Trustees, drawn from representatives of the member groups and individual members, volunteers and co-opted individuals from the professional sector.

Induction and training of new trustees

Potential Trustees are nominated in advance of the AGM and elected at that time. New Trustees first meet with the Managing Director who explains in full the workings of the organisation and the responsibilities of the Management Committee and how the Committee functions. Each Trustee receives a copy of "The Good Trustee Guide" (an NCVO

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WANDSWORTH COMMUNITY TRANSPORT (REGISTERED NUMBER: 01681911)

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2022

publication) which details the roles and responsibilities of a Trustee in general. There is no formal training, but as and when opportunities arise, MC members are encouraged to take advantage of them.

STRUCTURE, GOVERNANCE AND MANAGEMENT Key management personnel

The staff team is led by the Managing Director, Manuel Button with Deputy Director, Paul Attwood, Transport Manager, Keith Prout and Shopmobility and Volunteer Manager, Marcia Millington overseeing each key area of the service delivery. An overall team of 40 (including several part time and casual drivers) deliver the services.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (three of whom are also the directors of Wandsworth Community Transport for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITORS

The auditors, Hartley Fowler LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 7 November 2022 and signed on the board's behalf by:

J Ratcliffe - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WANDSWORTH COMMUNITY TRANSPORT

Opinion

We have audited the financial statements of Wandsworth Community Transport (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (three of whom are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WANDSWORTH COMMUNITY TRANSPORT

and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WANDSWORTH COMMUNITY TRANSPORT

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We identify and assess risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud.

In common with all audits we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the charitable company operates in. The key laws and regulations we considered in this context included the Charities Act 2011, UK Companies Act and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charitable company's ability to operate or to avoid a material penalty.

As a result of performing the above, we did not identify any key matters related to the potential risk of fraud or noncompliance with laws and regulations.

Our procedures to respond to risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indication of fraud or non-compliance with laws and regulations throughout the audit

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF WANDSWORTH COMMUNITY TRANSPORT

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

for and on behalf of Hartley Fowler LLP Statutory Auditors Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU Date: .............................................

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WANDSWORTH COMMUNITY TRANSPORT STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS FROM
Grants and donations received
Charitable
activities
General operations
Investment income
Other income
Total
EXPENDITURE ON
Notes
2
3
5
Charitable activities
6
General operations
NET INCOME/(EXPENDITURE)
Transfers between funds
16
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward		 Unrestricted
fund
£
227,070
782,491
2,776
34,066
1,046,403
1,043,497
2,906
5,833
8,739
374,456		 Designated
funds
£
-
-
-
-
-
-
-
(5,833)
(5,833)
500,833		 2022
Total
funds
£
227,070
782,491
2,776
34,066
1,046,403
1,043,497
2,906
-
2,906
875,289		 2021
Total
funds
£
216,889
542,993
3,461
181,434
961,938
(17,161)
-
(17,161)
892,450
944,777

WANDSWORTH COMMUNITY TRANSPORT TOTAL FUNDS CARRIED FORWARD

383,195 495,000 878,195 875,289

The notes form part of these financial statements

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WANDSWORTH COMMUNITY TRANSPORT (REGISTERED NUMBER: 01681911) BALANCE SHEET 31 MARCH 2022

2022 2021
Unrestricted Designated Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 12 94,208 - 94,208 183,807
CURRENT ASSETS
Debtors 13 116,060 - 116,060 41,002
Cash at bank and in hand 226,169 495,000 721,169 687,760

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CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
14
FUNDS
16
Unrestricted funds
TOTAL FUNDS		 342,229
(53,242)
383,195
383,195
288,987		 495,000
-
495,000
495,000
495,000		 837,229
(53,242)
878,195
878,195
878,195
783,987
878,195		 728,762
(37,280)
875,289
875,289
875,289
691,482
875,289

TOTAL FUNDS

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 7 November 2022 and were signed on its behalf by:

J Ratcliffe - Trustee

The notes form part of these financial statements

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WANDSWORTH COMMUNITY TRANSPORT CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Sale of tangible fixed assets
Interest received		 33,409
687,760
721,169
2022
£
29,288
29,288
1,345
2,776
4,121		 205,506
482,254
687,760
2021
£
192,645
192,645
9,400
3,461
12,861

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The nrts financial #atements

WANDSWORTH COMMUNITY TRANSPORT

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2022

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
(Increase)/decrease in debtors
Increase in creditors
Net cash provided by operations		 2022
£
2,906
88,254
(2,776)
(75,058)
15,962
29,288		 2021
£
(17,161)
88,254
(9,400)
(3,461)
133,369
1,044
192,645

2. ANALYSIS OF CHANGES IN NET FUNDS

ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/21 Cash flow At 31/3/22
£ £ £
Net cash
Cash at bank and in hand 687,760 33,409 721,169
687,760 33,409 721,169
Total 687,760 33,409 721,169

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WANDSWORTH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

The notes form part of these financial statements

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (FRS 102), with the Charities SORP 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Wandsworth Community Transport is a company limited by guarantee. In the event of The Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of The Charity.

Income

All incoming resources except for fares income (which is recognised on receipts basis) are included in the Statement of Financial Activities (SoFA) when The Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised The Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of The Charity and it is probable that they will be fulfilled.

The charity provides community transport and shopmobility services under contract with the local authority. The income from this contract and other sources without condition is recognised at fair value when The Charity has entitlement, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Investment income is earned through holding assets for investment purposes such as deposit accounts which generate bank interest. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method.

Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant, fixtures and fittings - 20% on cost Motor vehicles - 20% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees in furtherance of the general objectives of The Charity and which have not been designated for other purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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WANDSWORTH COMMUNITY TRANSPORT

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. GRANTS AND DONATIONS RECEIVED

Donations
Grants receivable
Bus service operators grant
3.
INVESTMENT INCOME
Deposit account interest
4.
5.
INCOME FROM CHARITABLE ACTIVITIES
Minibus/shuttle
operations and driver
charges Other income
including cancellation
fees Income from fares
Driver training
OTHER INCOME
Activity
General operations
General operations
General operations
General operations
Gain on sale of tangible fixed assets
Covid support funding		 2022
£
2,433
205,126
19,511
227,070
2022
£
2,776
2022
£
745,344
5,856
27,589
3,702
782,491
2022
£
-
34,066
34,066		 2021
£
4,733
199,043
13,113
216,889
2021
£
3,461
2021
£
527,165
4,765
10,201
862
542,993
2021
£
9,400
172,034
181,434

-17-

WANDSWORTH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£ £ £
General operations 874,042 169,455 1,043,497

7. SUPPORT COSTS

Administrative Governance
Finance expenses costs Totals
£ £ £ £
General operations 1,773 163,117 4,565 169,455

Support costs, included in the above, are as follows:

Finance

Bank charges
Accountancy and Examiners fees
Administrative expenses
Premises costs
Other expenses
Administrative expenses
Depreciation
Governance costs
2022
General
operations
£
178
1,595
1,773
2022
General
operations
£
62,160
1,421
11,282
88,254
163,117
2022
General
operations
£		 2021
Total
activities
£
-
3,600
3,600
2021
Total
activities
£
49,623
1,084
10,239
88,254
149,200
2021
Total
activities
£

-18-

WANDSWORTH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

Auditors' remuneration 4,565 -
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Auditors' remuneration 4,565 -
Depreciation - owned assets 88,254 88,254
Surplus on disposal of fixed assets - (9,400)

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

10. STAFF COSTS

Wages and salaries
Other pension costs		 2022
£
660,983
16,829
677,812		 2021
£
623,726
17,862
641,588

Key management personnel

The charity considers its key management personnel to comprise the following:

Managing Director Manuel Button
Deputy Director Paul Attwood
Transport Manager Keith Prout
Shopmobility and Volunteer Manager Marcia Millington

The aggregate remuneration and other benefits paid to key management personnel was £168,858 (2021 - £164,954).

The average monthly number of employees during the year was as follows:

General operations
Shopping shuttle/Shopmobility
Dial a ride		 2022
13
5
8
26		 2021
13
5
8
26

No employees received emoluments in excess of £60,000.

-19-

WANDSWORTH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
12.
INCOME AND ENDOWMENTS FROM
Grants and donations received
Charitable
activities
General operations
Investment income
Other income
Total
EXPENDITURE ON
Charitable activities
General operations
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
COST
At 1 April 2021
Disposals
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
Eliminated on disposal
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
Unrestricted
fund
£
216,889
542,993
3,461
181,434
944,777
961,938
(17,161)
391,617
374,456
Plant,
fixtures
and
fittings
£
59,944
-
59,944
59,944
-
-
59,944
-
-		 Designated
funds
£
-
-
-
-
-
-
500,833
500,833
Motor
vehicles
£
934,184
(52,415)
881,769
750,377
88,254
(51,070)
787,561
94,208
183,807
-		 Total
funds
£
216,889
542,993
3,461
181,434
944,777
961,938
(17,161)
892,450
875,289
Totals
£
994,128
(52,415)
941,713
810,321
88,254
(51,070)
847,505
94,208
183,807

-20-

WANDSWORTH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

14.
15.
Trade debtors
Other debtors
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
VAT
Other creditors
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
In more than five years
16.
MOVEMENT IN FUNDS
Net
movement
At 1/4/21
in funds
Unrestricted funds
£
£
General fund
374,456
2,906
Designated funds
5,833
-
Vehicle replacement fund
345,000
-
Operating reserves
150,000
-
2022
£
34,265
81,795
116,060
2022
£
5,773
47,469
53,242
2022
£
30,000
120,000
22,500
172,500
Transfers
between
funds
£
5,833
(5,833)
-
-

-21-

WANDSWORTH COMMUNITY TRANSPORT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

875,289878,195
TOTAL FUNDS
875,289878,195
Net movement in funds, included in the above are as follows:
Incoming
resources
Unrestricted funds
£
General fund
1,046,403
TOTAL FUNDS
16.
MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1/4/20
Unrestricted funds
£
General fund
391,617
Designated funds
5,833
Vehicle replacement fund
345,000
Operating reserves
~~150,000~~
892,450
TOTAL FUNDS
892,450
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
944,777
TOTAL FUNDS
944,777
17.
RELATED PARTY DISCLOSURES
1,046,403
2,906
2,906		 Resources
expended
£
(1,043,497)
Net
movement
in funds
£
(17,161)
-
-
~~-~~
(17,161)
(17,161)
Resources
expended
£
(961,938)
(961,938)
(1,043,497
)
-
-		 Movement
in funds
£
2,906
At
31/3/21
£
374,456
5,833
345,000
~~150,000~~
875,289
875,289
Movement
in funds
£
(17,161)
(17,161)
2,906

There were no related party transactions for the year ended 31 March 2022.

-22-