REfjISYERED COMPANY NUMBER: 01681911 (England and Wales) REGISTERED CIIARITY NUMBER: 286095 REPORT OF THE TRUSTEES AND FIMANCIAL ATENE11Ts POR THE YEAR ENDED 31 MARCH 2025 f4>R WANDSWORTH COMMUtIlTYTRANSPORT (A COMPANY LIMITED BY GUARANTEE) Hartley Fowler LLP Slatutory Auditurs Chartwed Attountants 4th Tutbon House 27-37 st George's Road Wirnbledon London SW19 4EU
WANDSWORTH COMMUNTfY TRANSPORT CONTENTS OF THE FIP4ANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2025 Paqe Refwence Jnd Adrnln1strnv• Det•lts R•port of the Tryrt¢ 2 to 5 Report of the Ind•pend•nt Audltor¥ 6 to 8 st)twnertof FIn•Ill Acll¥lll 8•lance She¢t io li NO to the Flow Statsm•rt 12 Nots• tr• the Fln•nd•l St•t•ments 13 to 19
WANDSWORTH COMMVNrrY TRANSPORT REFERENCE ANO AOMINISTRATIVE DETAXLS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES AND DIREcfoRS Trustees ctma KingSry {Chalrrnan) lthn Ratdiffe cfrea9Jrul N1dl)n Julk Bdght Sim(M) Clark June Colllns Damd P*er Anclrew Tilley ppa Hutch19Jn {re51gned 710212024) Emlly Foxen David Daby Rithard Brown The fc4ov4ino trustees are also aFpJlnlÈd as reCtOrS of the thrpanv gmon aark Vlttorfa Kirythry Jthn Ratdlffe COMPANY SECRETAAY M &Jtton REfjISTERED OFFICE Ib yu Road Lond SW12 9PZ REGisfERED COMPANY NUMBER 01681911 iengLind arK4 Wales) REGtsrERED CHARITY 14UMBER 2B6095 AUDifoRS HaleY FOr LLP ststutory AdOrS charte Accc¥Jlltants 4th Floor Tuition HOUSE 27-37 5t Georye'5 Road Wimbl8Jon SW19 4EU soucrroRS Ru55ell-Cooke 2 Putney Hill Lonéon SWIS 6AB BANKERS HSBC PIC 117 Balham High Rced London SW12 9AS
WANDSWORTH COMMU14rrYTRANSPORT (REGISTERED NUMBER: 01681911) REPORT OF THE TRuEEs FOR THE YEAR ENDED JI MARCH 2025 Tre trustees, three of are also directors of the tharty fcrf the purpxs of the compan Act 2006, p¥ent their report with the flnancial statements of the charity thè year ended 31 March 2025. The truste8s have adop1 the FKowsiotts of ACCnting and ReporbrvJ by Charities.. Ststement of RecomrDded practi applicab to charib'es weparirmj their accounts in accordan the Financial RepDrtirvJ Stsndard applKable in the UK arKI Repu1¢ of IreL3nd IFRS 1021 (effecuve l January 2019). OBJEcfivES AND ACllVITIES Objertivu and alms The organisation is e5tabIhed to proftxjte the education and relieve the need, hardship distress, sl¢rnss and mental or phyg'cal disatslity ol perscw redent gr h%thing wlmarily In the LOOn Borough ol Wathorth. In pursuit of these obiecuves, the oryani5ation provldes transkKrt organisaOnS whlch are wrned wth &aucK)n, rd¥JkJn soclal wdfare, reCreaOn or otIr actNitlFs d a Charitab nature and for di5atrAeO Ildual5. Maln CortrKt Our current contract with Wandsworth CnCIl 5tartEd in Aprll 2023 and Is due to eX[X In Aprll 2027. TNS wovides the bod rock for the business golng forward. The contract Indudes mini$ prowsion to community group5 and sevKe5 for Indfvlduals who cannot Use publlc transwrt, namdy 5pMollty, the Shopping Shutde and our programme Df ouUngs to the coast, pub lunthes and of interest. Amcillary suth a5 510n, ddver trainirg, and vehide manèaement are Ilkwlse IndJed. (r maln In tr current ywr IlUde Wandswth Q)url and Salnsbury's Supermkets. oth¢r ContrKt• Dlal • Rlde 2024125 was the first full year &nce the loss of the important Dlal-a-Ride conirrt and an Inda as to how have INerslfied and made up the Income eIsth¥he. The accounts show that we have achieved thls w sUesSfUl wlth an increased fKus on other aCvitieS like SEN Ispeo"al educa1) needs) and day ntrE tran5PJrt. 141n1b provlslon to c¢)rnmunlty groups Thls Is the core w(Yk undertaken by Community TraP)rt Organisat and rnh OF the actNIty In the Voluntary SOr In Wandsworth rels on our accessie and affordable mlnibuses. "Accesslbility Is the rnar faLlor here and relates not only to whedchalr accesse vehicl& which are easy and disableil peop to use, but also to acce551bllity in terrns of prte, tIng able to hire at the last minute just for a cOue of hours, no need for cdllslon damage waivw5 and depoyts, inv¢yce at the end of the Mttt and supp)rt with ftndiThJ drivers, training group's w volunteers and Organng de5dnatkMs and tIng5, Bascally, we make rt ew for anyone with a need to ac(e55 our transport and get out and 3tM)ut. Shoprnobility. Outlngs th¢ Shopplng Shuttl• These se1CeS a vbtal to our Indlwdual members wh) fiTrJ It hard to use wblic trarsp)rt and h¥lK) often can't get out hout our hdp. We tske shopp4ng each week, loan them eekhairS and mbjlity $terS, yovlde vduntsw escorts. tske e on days Qut and muth much ftve. Many of tenerarleS a the nv)st vuIrerae In Wandsworth and help keep them indewdent and socialty Integrated and happy. Our out have been extremely wpuLar and really ke a drfference to and dlsatrAed memLw5, wch was de¥ly derronstrated in our rent customer Survey. We have tyles ol trtps.. The Ruadrunner Is for reop who need pkn.ng up at home, and the Silver Day Trippers for more attive pengoners who can get to centralysed pick up points. We oll them our 'Youth Team" tnwgh In fact the avwage age is 75 years Dkl. We very much recogn the wdlue of getthg tEople VOfved earfy, and then if their m(iility deteriorates, it is an easy tranytion to our dwK-tooor servKes. Everwne Ie5 a day (xjt and outings come up bme tlme again as what people want to get them tyjt a1 abou¢ make rw friends and keep Ilependent. As part of t Ccundl's preventsbve strategy, they are very effertlve.
WANDSWORTH COMMUNrrY TRANSPORT (REGIsfERED NUMBER: 01681911) REPORT OF THE TRUStEES FOR THE YEAR EIIDED 31 MARCH 2025 OBJEcfivES AND ACTIVMES Significant activitles Driver and other trJinlng Thls remains a key element in the delivery of the above seNlces. WCT is a mernber of Miw (Minibus DrNer Awarene Scheme) and we a150 deliver passenger asslstsnt trainiry, flrst aid trainiry, disability awareness wheelchair handlir4J training to our volunteers. We see this a5 a growth area wth accredited skill lewels a must for safe ddivpry of our various and potential forthcoming legislatr changes ConmIng addittinal (walfflcatK)ns for vcthtional dring. Ffv minlbu5 trainiNJ Is another key devdcpnEnt, with increasing numbers of dnvers requiring ths since DI entitkment was trawn for ne driver5 In 1997. This ha5 prOj rnore and more useful to school teachers who need to upgrade their entitlement. Public benefit In arnning the acbwtVa5 of the chan.ty the trustees have had regard to the gUklan iwed ty the Charfty Ccrnrn&5i)n In latIon to deliverlng public befit. Volunteerin Vo1unleenng is a key ejernent of our se pthon. When many $ are giwng up on vdunteen'ng this Is S11 a strong part of our dhos. i5 PartKularly true with ow Shopmubility scherne where voluntws are very much invoWI. Most of our current nployeeS started as vdunteers and SI how the vUnteerirQ ethos underplns the 5ervrces we deliver. It proves that volunteerlng can help you gel back Inio work and it m&3ns that our enylove genuinely believe In what we are tVf¥J to achieve. Many sLIll (k• the acrASKM)al vdunteer lub and it means we can help out speoal reqsts Ilke taknng a btheelthair user M hollday or to a w&Jdlngs or a grwp a day out where they cant afford a ld driver. We bave 100 vdunteer5 on bwks and thEY remain a key part of our ser proViOn and underpln all of the actl¥Atle5 lisred atr. Volwteers are key to the Success of our OFerats'on, from Management Conmlttee rnemters to rninlbus drivers and deserve the highest praise and recognition. In patCUlar our Shoprnotslify volunteers who help peop do their shoppSng, actuallv do so muth more than th15 and are a cross tefftn unpaid soual wrkers, fn.ends and surrogate family. Our success in this field when so many organtsations find (t hard to find volunteers confjnues to demonstrate our commltment exCdIen In thls fleld. Ch•ngSng Demogra5¢ In rt years the ha5 te a steady Increase in the level of wpport our passcngers generalty requ1. They are all gettlThJ older of course and rne and more need wheelchairs and escorts. You can fit a bt less peop on a minibus if they all have mobility alds and 5h(wing trcl1e, it takes longer to get people to and from thelr front door5 and onto the buses and we get mwe bst-minute cancdlatKJns due to Illness or tsgettukness. It rneans our work is gettlng more and more vitsl to more more Feople, but becoming more and ffle difficult to deliver, along with the prospett of funding cuts and other pS9jre5. It 15 somethiTrJ we all need tD be aware of for future plamlro and budgetlThJ, as we can only s tISe factcrfs Increa5in9. STRATEGIC REPORT Athie¥ements and Perfon Outputs and value for •V )me ol the key ouwts knclUdI mlnlbus pthOn to community grtYJPSi shoppiro trips and outiros and vdunreer w0On are Monitor by the Management Committee and the COU11 as part of INJr contratt iargets. We contlnue to malntaln a high level of activity through MaMI51n9 our OUr5 through an Integrated apkYo¥h. A minibus mkjht do a h0[A run Idk)wed shopping trip, and then an evening transFA)rt for a Club. Jobs are rouknnely "dovetalkd. Into existing sthedule5 to rnaximise our outputs and additional funding levered from other srCeS to èxpand on the base reqUireMts in our Q)urtd contrart. Thls enables us tr) aelNer Se1 extremely efficienty and hth e%lIent YJILE for funder5. Fln•ndèl reylew Rewlts for the current year Income levds have made up mc6t of the ground lost with the loss of the Dial-a-wde contract in 2024 aTrJ an encouraging nN)ve frxwards. Our turnover is still over £1 mlllion, nSSIrj a full audit as opposed to an indeFendent examinatKJn. This 5s mainly due to the reFl3cemwt of the lost Income thrOh new activity like SEN and Day Centre transp)rt. Tr accounts show a heathy busy oryanisatlon thich we will need to SU5tJin to meet future tsrgets. In parficdkr, vehide replacemerit requirements (due to the ULEZ) remain a 5ignifirAint draln on our vehkle fcement fund over the next twj r5. InveBtsn¢nt poll Wand&North Cornmunity Trar6pKJrt hag è cutrert and a dep05f( CJjnt wth HSBC fur everydoy transaciDns. Any surplus co resefft5 are spread acrDSS a nurnter of finan031 institutions in interest tearing munts, in order to minirnise th2 financial risk to the charty.
WANDSWORTh COMMUNtrY TRANSPORT (REGisfERED NUMBER: 01681911) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Financial review Reserves policy Operntinq rtserS Wandsworth Cornmunity Trdr6p)rt has develo4 a formal r&eNes p)Iy des¥ned to cover any sudden loss of funding, the urexpected k)ss of a vehide or other major risk to the Drganisaty"on. Managernent c(mmittee at its annual review have decided it prudent to maintain the exi5Ung fund at £150,000 to covw six months running costs and to enable us to invest In our infrastructu. A further Colderln Is that tang on any repLicement work OT w contrncts could require large amounts of capital to My new vehicles. Vehld• repl•cement funds and ULEZ Cttober 2025 see5 the of the "yJnset period" during whlch ow vehicles will te exempt from any ULEZ charges, tyjt replaang the dder Vehicl Sn the fleet is a vay higtt priority and will neeJ to te ck)ne by th. Unfwtunately, there Lq a shc*tsge of vehicle5 at the momenL witti dellvery times ovw one year so are in a difficult p)sition. FirKJing 9Jrtable repkcements remahs a hiqh wority and for thls an rt remains our Oicy to mairrtain our vehkle reF4acement fund at as high a level as kvssible. Lt has been rnalntsiintsj at ESIO,WO which ¥411 te neEded to purttw99 replotrments. Rllk •M•sMient In conjunction wlth the reserves pulicy, wcfs risk management has teen revlewed ty the Mana9ernent Cummittee and thls has influenced the level of seNe5. risk managernent strategy klentifies the major risk factors the oryansation the organisation might fa, why they come abwL they can t£ ameliorated and what actions the organksauon take should any of the IdenJfied problwns m&enalise. These indude a suthjen loss of fundingi J change in legislation that could jeDpardise the core natu of the buslne5s le.g. new linSIng reguladons cf the IntrlUction of a further low emissi¢y) zone) and the ioss of one or m¢xe vehldes through theft or acadenL In particular, the variations in contrart Income In recent years have ttlgh1ighled the effect of thls type of risk. In the past we have fflarged to find alternat source5 of work but this is not guafarteed and we have to an for variatlons ol Inco whlch might te of the order of £200,000 frcfn cffte year to the next. Plans for the futur• An extenslon of ow contrxt wlth Wand5w¢xth cnCH was ag& fcf a p¥bJ of 4 years In April 2023, 15 vwy Important fw the long-terrn Security the organisation. Hobmr, In July 2023 we tsJnd out had not the for the Mewal of the Dkil-a-RKde contrart which expired on the 1st 1xt0er 23. Wè have suttes51ully managed to find replacement activity and revenue, indudlng long terrn hlring of our vehldes io groups that run their own transport pyomdlng drr and vehlcle transm for Day ctres. Spedal Needs Education transport Is another seNce we are cundy devebplng on behalf of Wandsworth Coundl. In many ways thi5 change of fcrus has eTraed us to concentrate me on our core actitte5 at a local level, which has been bwefitial for the voluntary sertor in Wandsworth. Value ts money and elIent remaln cruclal to malntan current buslness and to attrart new custc¥ner& STRUuRE, GOVERNANCE AND MAfiAGEMENT Governlng document The charity is constituted as a comwny Ilmltèj by guarantee. None of the managnent Q)mmittee has any kneficlal intet In the Company all guarantee tu contribuie £1 in the event of a ndIng up. Decision 10 The oryanisatSon Is rnanawj by a Management Committee IMQ of 11 Trust, drawn from repre5entatfves of the member 9Toups iThdiwdual mernrs. volunteers and ctropted indiwduals from the profesgonal seLtDr. Induction Jnd trainllg of newtrust•es Potential Twstees are nominated in &vance of the AGM and elected at that time. New Tru5teES first rneet with the M4nagiThJ DireLtor who explain5 in full the workings of the organisats.on and the responsibllities of the Managemwt Commthe and how the Committee funttions. Each TNstee receNes a copy of "The &JcyJ Trustee Guide (an NCVO publication) which tsLiils the rdes and reSpOnbIlltS of a Trustee in general. There is no fumal trdtning, but as and when opportunitEs anse, MC memters are encour to tske thantage iffj them.
WANDSWORTH COMMUNrrYTRANSPORT IREGISTERED NUMBER: 01681911) REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2025 STRUCTURE, GOVERNANce AP4D MANAGEMENT Key managwnent Pernn¢7 The staff team by the Managlry tOr, Manud Button wlth Dir2Ltor, Paul Al1, TraW Mawer, Kelth Prout and swl11ty and Volunteer Manyi Marckl Millingtrffl overseeiThJ each key area ol service de1v. An over1 team of 31 (IlUding several part time arKI cayjal drIveI delNer the services. srATEMENT OF TRUSTEES. RESPON51BILrrIES The trustees (three of wrn a also the direttors of Wandsworth Community TrarL4POrt for the purposes of CanY law) are reswnsible for preparing the Rerort of tlE Trustees and the flnancial statements in acaxdae vith applicable law and United KiTrJdom Accounts'ng Standards IUnW norn General ACpted P£counting Pracbcel Induding Flnancl ReportSng Standwd 102 'The Finanaal RepNb'r@ Stsndard applKable In the UK and Repubuc of Ireland" Company law requires the trustees to wepare financyal statements fu eath finandal ye3r whth glve a tnje and falr vivw of the state of affairs of the charltable company and of the incomlrrfj $ourCeS and apIcatIon of resour4 Incllxling the income and eXpkUre, of tre Charttab coryany fc¢ that FerDJ. In preFarin9 those flnanck4 statements, the trustees are required to - select SLltsble accounting FX)lies and then apply them c$tlY, - observe the rneth[S and wnciple5 In the Charlty SORP,. - make judgvnents and esbmate5 that a reaable and pnjdent; - stste ether applicable accwnng stand6rds have een followed, gJbl to any material dÈpartures (thed ewalned In the flnala1 statnents. - prepare the flnan(ial st4tements on the goiw conrn trasls It 15 InaFprowiate ta preyjme that the charrtatle c(Nmpany 11 ConnUe In trthAness. The trustees are reswslble for keeF¥fvJ acCnts'rJ records whith disdose wth wsonable acthrxy at any tlme the flnancial position of the charitable company and to enable them to ensure that the flnancial ststeffnts cornpw wlth tl Companies Act 2006. They are also responsble for safeguardirq t1 assets of the charitsble company and for taking reasonable steps fcrf the prton and detecD'on of fraud and other Irregularltle5, AUDrroRS aLKlitors, Hartley Fowler LLP, wlll te proposed for rPoIntMertt al the forthcorniry Annual General Meetlng. Report of the trL&ees, Irthp0ran9 a stratsglc repotL approved ty order of the board of trLtstees, as a)nyny thre£tors, c 7 tOber 2025 and &gned on the boards behalf by.. J Ratdlffe- Trustee
REPORT OF THE INDEPENDENf AUDITORS TO THE MEMBERS OF WANDSWORTH COMMUNrrY TRANSPORT Opln5on We have audited the financkil statthrents of Wand%vorth Cclnmunity TraIpOrt (the 'Charitate companv) for the year errtle4 31 March 2025 which c(riSe the Statement of Finanaal kbvities, the BanCe Sheer the Cash Flow Statement and n(kns to the financial statrments, Includirrfj a surnmary of signincant accountlng F¥)licie5. The financkil reportirKJ framec thar has brn applied in their pretkèration is a01cae law and United KinOrn Accountlng Standards (Unrted Klngdom Generalty APtj Accwnting Practite). In our opinion the financial statements.. give a true and fair view of the stste of the tharitatAe companrfs affairs as at 31 March 2025 and of its incorning resources and ap1(atIOn of resiNJr, Iuding its Iorne and expendfbj, for the year then ended; ave ken proFerly Prepared in accordan with United Kingdom Generally Accepted Accountr" Practtt; aTrJ ave be prepared in accordaKe with the requirements ofthe Companies Art 26. B•sls for oplnlon We condwted ow aLt in cOrdan th Intemauonal Standards on Audib"ng IUK) CISAS (UK)) and ap{cable law. Our respDnslbil1es uTrler those 5taThJards are further described in the Auditors, responbIlItieS fcy the audi( of the hnanaal statements sectKJn of our retx)rt. We are independent of the tharttsble company in accordan wth the ethical requirements that are relevant to our aJdlt Df the finandal statements in the UK Induding the FRC'S Ethical stsrd, and we have fulfilled our other re5w)nslbi11bes in KCOrdan with these r4ulrwnents. We Seve that the audt V4 have otrthined Is 5uffldent and approprlate to provide a basis for our cplnion. Concluslons rellng to golng concvn In auditing the finanual ststements, we have corKluded that the trlstses, use of the concem Df accounb'ng in the eParaOn of the flnancl Statents Ls apyroprie. 8ased on the wgrk we have perforrned, we have not idenufied any rnaterial untrrtainties relating to events or coTrJltions that, Indfvidualty or colleLve1V, may cast signfficant doubt on the charftat4È company's ability lo contlnue as b going coeM for a Ferlod of at least Imlve mnths from when the fhanclal are aUtts)ri for Issue. Our responslbllits aTr1 the resrxglles ol the trustees wlth respErt to go]ro conwn are &su(bed in the relevant settlons of this rewrt. Other InlorniJVon The trustees are respob for the other inforrnattm). otlEr inforrnation compnses t inf(wrnattfj irKluded h the Annual Reprt cther than the fin3ndal statements and our Rewt of the Indep)dent Auditots thereon. Our onItl on the flnanclal statements does n¢X cover the other infomk4tlon and, ept to the extent rtheSe exF4kiUy statoy In wr report, we do not express any form of assurance condu&on thereon, In connth.on wth OUT audlt of the finanoal ststernts, our 5nsIbIlIty to read the rthÈr infomiayon and, In thjlng so, Dnsider whethff the ofher Inforrnation is materially inconsistent vAth the financial staiemonts or knowled obtained in thÈ audit or otherwise appears to be materially misstated. If we ldents.fy suth material inconslstencEs or appant matsrfal rnisststernents. are wulred to detemine thls gives rise to a material misstatement in the financlal statements themsdves. Ir, based on the work we hove performed, we conclLK1e that there Is a mateTwI miSstatni of thls other informats'on, we are requlrcfl to port that fart. We have n(thing to report in this regard. Opinions on t)ther matters presrylbed by the CM1panl Act 2006 In our opinion, based on the work undertaken in tIE course of the autht.. the Information given in the Report of the Trustees for thè finandal year for whlch fnanckil statements awe pPHred Is consistent wth the finanual staternents; and the Rew)rt of the Trustees has been prepargj in accordan w"r(h apFAicable legal reyuirerrents. Mattern on which we are requwed to report by exception In the light of the knowledge a1 understandin9 of the charitatAe conyany and environrnent obtained In the course of t aJ(C, we kwve nLt ts"fied material misstatenEnts in the Wort c( the Tr$. We have nothlng to report in respett of the frAbwng matters where the Cryanies Act 2tMJ6 requires us to report to you if, in our l10n. adequate accounung rordS have not b&n kept or returr6 adÉ¥Juats tr our audlt have not be recaved from branc15 n( vwted by ,. or the finanoal statements are rN)t in 4reenEnt the accounbng reths and retums; certain disclosures of trusteeg remuneratlon wfied by law are noi made,. or e h6ve nrt recefvej all the 1nrorrnatn and explanab.S we require for our audit.
REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF WANDSWORTH COMMUNrrY TRANSPORT ResnsIbilitieS of trustees A5 explained more fully in the StstenEnt of Trustees, Respontlies, the tru5tÈes (who are also the dlrector5 of the charitsbk company for the purp)ses of company lawl are responsib for the wepaTation of the financkil Statements and lor 'rj satisfi&a that they give a true and lair view, and for such intemal control as thè trustees determine is necessary to enae the preparat of flnancial &atements that are free frryn materipj misstaternent, ether due to fraud or ernr. In preparlng the flnanaal statemÈnts, the trustees are reSpMs1b for assesgrrfJ the charttsble companrf5 abillty to continue as going coKem. disclosiTr3, as applicable, matters rdated to gcing (Dntym aj using the golng concern b"S OF accountiThJ unless the trustees ether intend to Ikiuidate the tharitable ccrfnpany or to trase OFeratiDns, or have no realistic altemative but to do so. Our responslbllltlesforthe audlt of th• flnandal statements (Xr objectwes are to obtain reasonable assurance about whether the financHI 5taLements as a ¥thole are free from rnaterial misstatement, whether due to fraud or error, ar to issue a Report of the Independent Audirors that includes wr ¢¥inion. Reasonable 3s5urants ts a high knl of assuran, but 15 not a guarantee that an auoit cwductrd In accorthnce wlth ISAS (UK) will alwa detect a material misstatement when it exists Misstarernents can arise from fraud or tyror and are Conded FterIal If, individually or In the aggraLe, they coukd reasonably be extEct to Infiuence the eoMiC decisbns of users taken on the basi5 of these flnarrial siatunents. The extent to ojr prOdureS we capable of detethng IrrOJarfeS, Indudlro fraudls detalled bdow: We Klents"fy and assess risks of material rnls5tstement of the financlal staternents, whether due to fraud or error, 2nd ihen deygn and perfom audit w(dreS reSpve to th)se rlsks, includlng obtsining audit emdence that Is suffiaent aThJ approthte i provlde a bays lor our cy'nion. In idti['ng and asSeSrj risks of materlal mlsstatthnwt in resFeCt of irr83ularitie5, includlng fraud and non-c0mp1lan wlth law5 aTrJ regulations, we consldered the follolr(.. - the nature of the Industry and sertcf, control environment and the charbts advltles; . resufG of our eyquirs of management at) thdr own identlfitation and assessment of the risks of regularrtles; - any matlers we identified having obtsined and reweVd the tharitable compary's d0curnentatr. of t1r lIe5 and procedures latr"ng to.. - ldtrfYlng, evaluatsw aTrJ ccNrplwng with laws regulatkjns and whether they w6Ye aware of any Ins of non -comp1iaKe' - detethrrfJ and re5ponL11ng to the risks of fraud and whether tlw have knoedge of any attual, suspectga or alleged fraud; - the intems CDntrols estatAi5W to mltigate rlsks ol fraud or ncfi-compliance wi(h laws and regUlaty'c,. - the matters di5CUS5ed )mc9 the audit engagement team re9ardlThJ how and where fraud mY4ht omr In nnanckl ststet5 and any potenal indlcators of fraud. As a 1t of these proC8juS, %% cCffidered the cfjwrtuni(ie5 and in¢entNe5 that may exst wthln the or9anlsatlon for fraud. In CLNnrnon all audits are also requir to perforrn SFEclfic prre5 to resppnd to the rysk of management ¢verrSde. We also obtsined an understandkng of the legal and regulatory frarnewuk that the tharitse company operates In. TIE laws nd regulabon5 we C{1dered in this context Included the Charitles Act 2011, UK Cornpanies Act and tax legislation. In adition, we C0Jered prowslors of Oth laws and regulation5 that do not have a dirett effett the financ¥s1 statements but COmlan wth tyyhith may ie fundamental to the charitable companvs ability to operate or to avobj a rnatal penaty. A5 a result of perfcKrylng the above, we did not bdentr.fy any key matters lated to the w)tenb'al rtsk of fraud or non'campllance wlth laws and regulabons.
REPORT OF THE INDEPENDENT AUDoR5 TO THE MEMBERS OF WANDSWORTH COMMUNThY TRANSPORT ¢JJr wdureS to respo to Identif InChJ the f&hM"ng'. - tevlewing the financial staternent dIsck)su and tesb'ng to supporbng docurnentstion to assess cornpliance provtsbn of relevant law5 and regulabons de)bl as having a drt eff on the financial statements; - enquiring of managernetht (x)rThning actual and wt&)to1 IrtKJab"on and daims. - performing ana1ical pr[dureS to ithnttfy any unugjal or relatshIpS th3t )Y indate rkS of rnaterial mi&stAtaTrent due to fraud,. - reviem minutes of rneebry5 of the charged wth govemance, revkwing inteJnal rewjrts, and - In adressing the risk of fraud through management override of contrds, te'ng the aFpropriatene55 c¢loumal entries and other alusinnts, assessing whether the ILHJgements rnade in Marj accounting estimates are Indicab've of a potentkal bias aThJ evaluating the business rab'crale fry any significant transactions that unusual or outsde the normal course of tNJslness. We also cory¥nunKotsd relevant idenb"fi8J laws wullitions and potendal fraud rlsks to all ewQftt team memlrs and emalned alert to any Indac of fraj or n0n-(yJrpllae laws and regulakn.ons thrcxJglwJJt the wdrt A further description of our rewon%blllOes for the audk of the flnancial ststements is located on the Financial Reportlng Coun¢Jl's webslte at wvm.rrc.0rg.uklauditoSIjbSll.eS. This descriptlon forn part of our Report of the IndetEndent Audit5. of our report This rewt Is made 501dy to the tharItab companvs MterS, as a thdy, In attOrdan with Chapter 3 of Part 16 of the Companlcs Act 2006. Our audfc worf( has teen uThrtsken so that we might state to the charitatle companvs rnembers tfvjse mattws we are required to state to thern In an auditors, report and for no other purpose. To the fullest extent rmItted by law, not accept or assume reswnsbllty Lo arwne than the charltaNe conyany and the charitab coffpany's membus as a trxb*, for our audit worK for this rewt, or for the opinions we have formcd. JonatP%3n ew Isenvjr taru for and on behalf ol Hartley StabJtw Auditors Chartered Accountsnts 4th Floor Tulllon H(rte 27-37 St George's Road Wlmbledon Lcffldon SW194eu Audltor) rLLP Date: .............
WANDSWORTH COMMUNtrY TRANSPORT srATEMENT OF FII4ANCIAL ACTivrrIES (INCORPORATING AN INCOME AND EXPENDrnJRE Accourffj FOR THE YEAR ENDED 31 MARCH 2025 2025 Tctsl funds 2024 Totsl funds Unrethcted fund Lggnated fuwK15 Notes INCOME AND EHDOWMErirs FROM Grants and donion5 r&aved 248, 7.504 256,394 242,029 Cfraritsble athltl Cner01 opEratS 692,861 692,861 805BII Other trading acbMtÈs Investrnent income Other knc(The 71,ClO 25,132 8,559 71,080 25,132 8,559 16,050 22,182 27,L Total 1,046,522 7.504 1.054,026 1,113,072 EXPEfiDrnJRE ON Ch•rltable activit*• General operdU¢J)s 1,1)42,621 5,142 1,047,763 1,051,833 NET INCOME 3,901 2.362 6,263 61,239 RECONCILIAnON OF FUNDS Total funds 1x9ht foTh¥ard 335,080 660,QJO 995,080 933,841 TOTAL PUNDS CARRIED FORWARD 338,981 662,362 I,CQl,343 995,080 The note5 forni p)rt rfthese finaré¥ srabnents
WANDSWORTH COMMUNrrY TRANSPORT (REGISTERED NUMBER: 01681911) BALANCE SHEEr 31 MARCH 2025 2025 Tatal funds 2024 Total funds Unre5tri(ed fur Degnat fvTrJs Notes Tangible assets 13 244,881 244,881 154,246 CURRENT ASSETS DebtDf5 at bank and hand 14 162,174 129,532) 162,174 710,165 84,847 790,547 739,697 132,642 739,697 872,339 875.394 aiEDITORS Amounts falling due wrthln one year 15 (38,5421 177,3351 1115077) 134,5601 NEf CURRENT ASSET5 94,100 662,362 756.462 840,834 TOTAL ASSET5 LESS CIJRREMT UABILITIts 338,981 662,362 I,ODI,343 995,080 NEfASSETS 338,981 662,362 1,001,343 995,080 FUNDS Unrestrited funds 17 I,OC¢l,343 995,080 TOTAL FUNDS 1,001,343 995,080 The flnandal 5tstennts were appvmd iry the F*)ard of Twsrees and authclsed for15sue on 7 Cthber 2025 and were on Èehaw bv: J Ratrliffè- Trustee The ncles form part rfthe5e financlal stètsments -iO-
WANDSWORTH COMMUNrrY TRANSPORT CASH FLOW sfATEMENT FOR THE YEAR ENOED 31 MARCH 2025 2025 2024 Note5 Ca$h flows from operatlng aclfviti Qsh gewated from OlaLs 45,637 122,668 Net cash pwded by operating xtfvltyes 45,637 122,668 Cmh flows from In¥•thg actfvitl¢s Purchase of tangible fixed assets Sale of taryJIte fixed assets Irter& receN8J (159,710) 8,559 2S,132 1206,5011 27,Crf)O 22,182 Net cash used In Investing actiwtses (126,0191 {157,3191 Ch•nge •nd equlv•lents In the reporting period Cuh and cash equlval•nts at the be9lnnlng ol the reportlng wlod {80,382) (34,651) ,547 825,198 C••h •nd uih equiv4lent• •1 the •nd of the Mportlng perlod 710,165 79D,547 The nc*e5 form pwt cl these finarlial statemffits -li-
WANDSWORTH COMMUNrrY TRANSPORT NOTES TO THE CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ArnvrriES 2025 2024 Net income forthe reportiw pwlod (•s pw Ihe Stst•ment of Arti¥ities) Adjustments for: Cpre£ladon charye5 Profit on disposal of fixed assets lrterest recdved IInuease)Ideuease in debtors Increal{decrea5e) in crdTtors 6,263 61.239 69,075 18.559) (25,132) (77,327) 81,317 72,479 {27,0(Kl) 122,1821 39,526 (1,3941 rdet cath wovlded by oper•tlons 45,637 122,668 ANALYSIS OF CHANfjes IN WET FUNDS At 114124 Cash flow At 3113125 Net cuh Cash at nk and In hand 790,Y7 180,3821 710,165 790,547 (80,382) 710,165 Totsl 790,547 (80,3821 710,165 The ncte5 form ArttheSe finantsal ststemen -12-
WANDSWORTH COMMUNITY TRANSPORT NOTES TO THE F114ANCIAL STATEMENTS FOR THE YEAR EIIDED 31 MARCH 2025 ACCOUtiriNG POUCIES Basis of preparing the financial Jtatsments The finanoal statements of the charitable company, whith a public nefit entlty under FRS 102, have bw Fffepa In accordan Finanaal Rethyting Standard 102 The Financlal Rewrting Stsndard applrable In the UK and Republic of Irela1. (FRS 102), wth the Charftses SORP 'knountlng RertIng by CharttE5.' Ststemert of Recommended Pr&ti appLicak tD charities weparing thar Kcounts in accordance with FRS 102 and the Companies Att 2006. The financial sratements have toen prepd under the histurkal cost conventlon. Wandsw(xth Community Traw(rt a company limit ty 9uarnntee. In the event ol The Charity telng wcwnd up, thÈ Ilablllty In resFett the guarantee lirnited to £1 Fer mernber of The Charty. Income All incoming resources except for la Income (Nthkh Is recognised on recdpts basi51 are included in the Ststement ol Anancial thues ISOFAI when The Charfty s legally entled to the income after ary kvformance conditions have teen rnel, the amount can be measured reliably and r( is probale that the Incor(E will te recved. For donations to rniSed The tharty wll have bew rK)tlfi8J of the amounts arKI the sddement date In wribng. 11 there are coTraitions attached to the donation art4 thls requires a level of Ferforman befNe entiuement can be obtaine<l Y)én income is deferred unty"I those ¢onJitsons are luuy rnet or the lulfilrnent of those ¢dr(l¢nS i4 within the ntrol of The Charty it Is w)bable that they 11 be fulfilled. The charty deS communty trarport 5hrpmobllty See$ under cortract hyrth the IcKal authortty. The Income from this contract and other Sour mnd1tlon is recwlsed ot fair value %then The tharity has enudement, r( Is otsble that the income wlll reiVed and the amount can be measured reliabty. If entsement not met then these arrK)urt5 are deferred. Investrnent InCcNe is éamed throuth holding assets ts Investment purpr6e5 5uth as deposf( aCCnts bsfiith generate bank Interest. 11 is Included when the arnwnt can be rneasured relipl)ty. Interest IrKome 15 recognLsed u51w rhe eff1ve Intest rnethod. expendliurn AJI expenditure is accounted for on an Qrnals bays and has been clowfied under headlryJs that aggregate all cost rdated to the category. Expenditure Is rÉroJnised Whe there 15 a legal rx constructive obllgation to make payments lo third partles, It is probable that the s&dernet will te Nred ana the arnr¥Jnt of the obl1gac can be measured reliabty. Tanglble fixed DeweJatyon is provlded at the followlng annual rates in to write off each assd over Ls ernabl useful lire. 20% on c05t 20% on cost WheelchaSrs aThJ mobllity F£ootvs Motor vehlcle5 Tangle fixed assets are stated at cost or valuation kss accumulated dewea( and accwnuk7 lrnv4mt losses. Taxatlon The charity is exty from corporatiLn tax (m its chtable actfvknes. Fund accounung Unrestricted luThls can trt used in accordan with the charitable object5 at the dIScC cl the trustees in furtherance of the gerra1 oblecdves of The Charty and whKh have nDt been desvJnated for ¢Xher purposes. Ren'(*ed fuThJs can ClY tre used for paTb"cular resrrrt& Furw¥se5 bTrithln the obiprts of the tharity. Restricbons èrise when sFecifd ty the dcwr or when funds are raised for parbcUI restrfLted pwpo. Oestyjnated fu$ u)mprise unrestrirtgj funds that ha¥R been set aside by trustees ftf parUcuLir purpc6eS. Pffisloth costs and other po#-r¢tiroment benef The charitable company rateS a defined contribubon Fenslon sthme. tbUOn5 payable to the d)aritaLle mPaS pen stheme are thary8J to the Ststem2rt of Anancial Achvitses In the Feriod to whSch they relate. -13-
WANDSWORTH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMEKfs- continued FOR THE YEAR ENDED 31 MARCH 2025 GRAlffsAND DOPIATIONS RECEIVED 2025 2024 DonatKJns Grants receable Bu5 Servi OFeratrYs grant 6,117 219,916 15,gJ6 236,657 12,088 256,394 242,029 OTHER TrADIIIG ACTivrriES 2025 2024 Van hlre 71,080 16,050 INVEsfMENT INCOME 2025 2024 Depjslt acccunt Interest 2S,132 22,182 INCOME FROM CHARIfABLE AcrInEs 2025 2024 Attlty Minibuslshuttle OFer*ths aTrJ drlvef charges Other income Indudi canlIatIon fee5 Income from fare5 Drfver tralnlng eral operations 630,038 754,009 General operati(S General oFeratrons Goneral opernt'cffls 11,837 39,846 11,140 32,863 9,359 692,861 805,611 OThER INCQME 2025 2024 Gain on 531è of tarrfJlble fixed a55ets 8,559 27,rAJo 01cl costs (see te8) Tctals General ovations 896,403 151,360 1,047.763 -i+
WANDSWORTH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMErirs- continued FOR THE YEAR ENDED 31 MARC•1 2025 SUPPORT COSTS P4lrntyitrative Gjvernance exrenses coas 'nance Totals General OPErakns 3,168 142.682 5,510 151.360 Supwt co&s, indudEd In the abcwe. are a5 follo¥.. Flnan¢e 2025 General opuations 2024 Tctsl adlvlfjes Bank char9es Accountancy and Examiners fees 412 2,756 328 1,806 3,168 2,134 2025 2024 Total actiities cprations PremKses c05tS AdmlnlStTave exwse5 Depre(iaUon 45,737 27,870 69,075 43,888 9,245 72,479 142,682 125,612 2025 General OFeratMS 2024 T¢)tsl adiYe5 Audthrs, refflndIts)n 5,510 5,250 NEf INCOMEI(EXPEMDrnIRE) Net Ine/(expeure} & stat8J after crgIng/(Clf(lng).' 2025 2024 AUdOr5, remun*ation De¢xeaatyon . ¢Mn&l assets SurF4us on é5sp)sal d fixed assets 5,510 69,075 (8,559) 5,250 72,479 {27,(KJO) -15-
WANDSWORTH COMMUNTTY TRANSPORT NOTES TO ThE FINANCJAL sfATEMENTS- contlnued FOR THE YEAR EIIOED 31 MARCH 2025 io. TRUSTEES, REMUNERATION AND BEMEFITS TITe wtte no tru remuneratson or ¢Xher beneftts fcf the year ended 31 Marcfr 2025 nor fur the year Erbjed 31 Marcl 2024. Tre were no tTUSteeg ex&enses paid forthe ended 31 MaTch 202S nor for the year ended 31 March 2024. ii. srAFF COSTS 2025 2024 Wages and $3larie5 (Xher pen c(3rt5 653,009 17.826 676,163 18,925 670,835 695,088 K•y m•n•gemert per•orn¢l The charfty co[derS its key rrtanagert perffjn to cNryr&e the followlng.. Manud Butt Paul AtMc#)d Kebth Plout Marcla MillNvJtc ManagSng Llrector Deputy Cirector Transport Manager ShDpmotsllty aThJ Volunteer Manager The aoJre3ate MunetIOn and other teneflts pakj tc key mjnagernent Fersonnel wa5 £188,562 {2024- £177,287). TIE average monthty numter of emFtyes dung the year was a5 ID1kn.. 2025 27 2024 21 GLineral 0Feratk5 ping shutuelshcsxnoblllty Olal a rlje 31 No wnF4oyees recenied OIuments In etrss of £60,000. COMPARATIVES FOR THE sfATtMENT OF FINANCIAL AcrivmES 12. veStrd lund CEswJnated ruThJs Total funds INCOME AND ENDOWMENTS FROM Grants and donations receN 242,029 242,029 Charltable arti¥ltl•s General 0ratn5 805,811 805,811 Other trajing aCb.ltie5 Investment inc(me Other income 16,OSO 22,182 27,0(Xl 16,050 22,182 27,C4)0 Trtal l.L13,072 1,113,072 EXPENDrniRE ON Charltable i¥ities General operatbns 1,051,833 I,D51033 -16-
WANDSWORTH COMMUNrrY TRANSPORT NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 Iz COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcfiviTItS. continued Unrestricted fuTr Deslgnato fvnds Trtal funds N1COME Trnnsfers betwem fundg 61,239 {165,0001 61,239 I65,(0 Nrt Mrne In fund$ 1103,761) 165,000 61,239 RECONCILIATION OF FUNDS Totsl fvnds brought forward 438A41 495,tKJo 933,841 roTAL FUNDS CARRIED FORWARD 335,090 660,0 995,080 13. TANGIBLE FIXED ASSErs Wheekhalfs and mcéllty 5COOters vehicle5 Totals At L AwS12024 Additions Disp05als 59,944 965,735 159,710 (lo,0? 1,025,679 159,710 iio,000) Ai 31 March 2025 59,W 1,115,445 1,175,389 DEPRECIATION At l April 2024 Charge year Ellnlnated on dI5posal S9,944 811,489 69,075 (iO,QDJ) 871,433 69,075 iio,ofy)) At 31 Marth 2025 59,944 870,564 930.508 JOOK VALUE At 31 Marth 2025 244,881 244,881 At 31 Marth 2024 154,246 154,246 14. DEFfoR&. AMoui¥fs FALUN•3DUE WITHIN ONE YEAR 2025 2024 Trade debtcKs Other debtors 62,179 99,995 54,908 29,939 162.174 84,847 -17-
WANDSWORTh COMMUNrtY TRANSPORT NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 Is. CREDrroRS: Amourirs FALLING DUE WfTrlIN ONE YEAR 2025 2024 Trade credfffjrs VAT her credltors 2,723 5,795 107,359 1,522 5,916 27,122 115,877 34,S60 16. LEASING AGREEME14TS Mlnimum se payrnents under lanlIale wwabng tsll due a5 follx.. 2025 2024 Withln one year Beiween one and fve years 30,000 52,5 30.000 82,500 82,500 112,500 17. MOVEMENT IN FUIIDS Net At 3113125 At 114124 In funds Uni¢strlct•d fund• General fund Vehicle reF4acemnt fijnd Operating reserves Cholr Fund Mad Hatters 335,080 510,c#JO 150,000 3.901 338,981 510,000 150,0 1,862 SC 500 995,080 6,263 1,001,343 TOTAL FUNDS 995,080 6,263 1,001,343 Net MOvet In nds, Includ&J In the above are as follow5: Inctynlng source5 Movernert in funds nd&J Unr•rtrlctod funds General fund Choir FuTrJ Mad Hatters 1.046,522 7,001 11,042,621) 15,142) 3,901 1,862 500 1,054,026 (1,047,763) 6,263 TOTAL FVNDS 1.054,026 11,(M7,763) 6,263 -18-
WANDSWORTh COMMUNThY TRANSPORT NOTES TO THE FINANCIAL 5TATEMENTS- contlnued FOR ThE YEAR ENDED 31 MARCH 2025 17. MOVEMENT IN FUNDS- continued Comparatlv•sfor movement In lunds Traner5 LEn funds movernent In funds At 114123 3113R4 Unrejtrirted funds General fund VehKle replacement fijnd Operètlng reseNes 438,841 345,0 150,000 61,239 1165,000) i65.0 335,080 510,000 150,000 933,841 61,239 995,080 TOTAL PUNDS 933,841 61,239 995,080 Crynparatyve net movement In funds, included In the above are as folloS.. InconlThJ yesr(e5 Regwrces Movemwt exFended In funds UnrestrfLted funds General fund 1,113,072 11,OSlm31 61.239 TOTAL FUNDS 1,113,072 {I,OSl,833) 61,239 18. RELATED PARTY DISaOSURES tJJring the flnanclal year a rnember of the key Manernent Ferx)nnel gave Wand$brth ComrTrJnlty Trnnspcrt a £25,OCQ Inte5t free knan. The loan was repaid by Wandsworth Ccffimunty Transport In full by the end ol the flnanclal year. Djrlng the year, the charty transactions with Its bustee5 h thdr capacty as voluntev drw5 and as a passaw. Expu)ses were reirnbursed to trustee for costs Incurred on behalf of the charity. In addition, the chanty pakl for professional qualificatim for trusiee and reiVed paymLYrts for fares from another. The tota value of these transactions was total costs of £300 for Wandswryth Community Transp)rt and £79 of Income fcf wandsrth Ccfnrnunlty Transwrt. There were no OUndIng balérKeg at the Year.d. -19-