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 Adrnln1strn￿v• 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 KingS￿ry {Chalrrnan) lthn Ratdiffe cfrea9Jrul N1d￿l￿)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 Hal￿eY FO￿￿r LLP ststutory A￿d￿OrS 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 TRu￿EEs FOR THE YEAR ENDED JI MARCH 2025 Tre trustees, three of are also directors of the tharty fcrf the purp*xs of the compan￿ Act 2006, p¥e*nt their report with the flnancial statements of the charity thè year ended 31 March 2025. The truste8s have adop￿1 the FKowsiotts of ACC￿nting and ReporbrvJ by Charities.. Ststement of RecomrD￿ded practi￿ applicab￿ to charib'es weparirmj their accounts in accordan￿ the Financial RepDrtirvJ Stsndard applKable in the UK arKI Repu￿1¢ of IreL3nd IFRS 1021 (effecuve l January 2019). OBJEcfivES AND ACllVITIES Objertivu and alms The organisation is e5tabI￿hed to proftxjte the education and relieve the need, hardship distress, sl¢*rnss and mental or phyg'cal disatslity ol perscw re￿dent gr h%thing wlmarily In the LO￿On Borough ol Wathorth. In pursuit of these obiecuves, the oryani5ation provldes transkKrt organisa￿OnS whlch are w￿rned wth &auc*K)n, rd¥JkJn soclal wdfare, reCrea￿On or otI￿r actNitlFs d a Charitab￿ nature and for di5atrAeO I￿l￿dual5. Maln CortrKt Our current contract with Wandsworth C￿nCIl 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 5￿pMo￿llty, 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 Ind￿Jed. (￿r maln In tr￿ current ywr I￿lUde Wandswth Q)ur￿l and Salnsbury's Superm*kets. oth¢r ContrKt• Dlal • Rlde 2024125 was the first full year &nce the loss of the important Dlal-a-Ride conirrt and an Ind￿a￿ as to how have INerslfied and made up the Income eIsth¥he￿. The accounts show that we have achieved thls w sU￿esSfUl￿ wlth an increased fKus on other aC￿vitieS like SEN Ispeo"al educa￿1￿) needs) and day ￿ntrE tran5PJrt. 141n1b￿ provlslon to c¢)rnmunlty groups Thls Is the core w(Yk undertaken by Community Tra￿P)rt Organisat￿￿ and rn￿h OF the actNIty In the Voluntary S￿Or In Wandsworth rel*s on our accessi￿e and affordable mlnibuses. "Accesslbility Is the rna￿r faLlor here and relates not only to whedchalr access￿e vehicl& which are easy and disableil peop￿ to use, but also to acce551bllity in terrns of prte, t￿Ing able to hire at the last minute just for a cOu￿e of hours, no need for cdllslon damage waivw5 and depoyts, inv¢yce at the end of the M￿ttt and supp)rt with ftndiThJ drivers, training group's w volunteers and Organ￿ng 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 se1￿CeS 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 tener￿arleS a￿ the nv)st vuIrera￿e 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, w￿ch was de¥ly derronstrated in our re￿nt customer Survey. We have tyles ol trtps.. The Ruadrunner Is for reop￿ who need p￿kn.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-to*oor servKes. Everwne I￿e5 a day (xjt and outings come up bme tlme again as what people want to get them tyjt a￿1 abou¢ make rw friends and keep I￿lependent. 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 Con￿mIng addittinal (walfflcatK)ns for vcthtional dri￿ng. Ffv minlbu5 trainiNJ Is another key devdcpnEnt, with increasing numbers of dnvers requiring ths since DI entitkment was ￿t￿rawn for ne* driver5 In 1997. This ha5 prO￿j 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 b￿efit. Volunteerin Vo1unleenng is a key ejernent of our se￿￿ pth￿on. When many ￿$ are giwng up on vdunteen'ng this Is S￿11 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 v￿UnteerirQ 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 req￿sts 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￿￿ proVi￿On 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 pat￿CUlar 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 Demogra￿5¢* In r￿￿t years the￿ ha5 te￿ a steady Increase in the level of wpport our passcngers generalty requ1￿. They are all gettlThJ older of course and rn￿e 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 ffl￿e difficult to deliver, along with the prospett of funding cuts and other p￿S9jre5. It 15 somethiTrJ we all need tD be aware of for future plamlro and budgetlThJ, as we can only s* tI￿Se factcrfs Increa5in9. STRATEGIC REPORT Athie¥ements and Perfo￿￿n Outputs and value for ￿￿•V )me ol the key ouwts knclUdI￿ mlnlbus pth￿On to community grtYJPSi shoppiro trips and outiros and vdunreer w0￿￿On are Monitor￿ by the Management Committee and the COU￿11 as part of INJr contratt iargets. We contlnue to malntaln a high level of activity through Ma￿MI51n9 our ￿OUr￿5 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 s￿rCeS to èxpand on the base reqUireM￿ts in our Q)urtd contrart. Thls enables us tr) aelNer Se￿1￿ extremely efficienty and h￿th 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, n￿SSI￿￿r￿j a full audit as opposed to an indeFendent examinatKJn. This 5s mainly due to the reFl3cemwt of the lost Income thrO￿h 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 f*cement 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 rtser￿S Wandsworth Cornmunity Trdr6p)rt has develo￿4 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 Co￿lder￿l￿n Is that ta￿ng 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 ￿a￿n 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 li￿nSIng reguladons cf the Intr￿lUction 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 fflar￿ged 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 c￿nCH 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 1xt0￿er 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 dr￿r and vehlcle transm for Day c￿tres. Spedal Needs Education transport Is another seNce we are cu￿ndy devebplng on behalf of Wandsworth Coundl. In many ways thi5 change of fcrus has eTra￿ed us to concentrate m￿e on our core acti￿tte5 at a local level, which has been bwefitial for the voluntary sertor in Wandsworth. Value ts money and e￿lIent remaln cruclal to malntan current buslness and to attrart new custc¥ner& STRU￿uRE, GOVERNANCE AND MAfiAGEMENT Governlng document The charity is constituted as a comwny Ilmltèj by guarantee. None of the manag￿nent Q)mmittee has any kneficlal inte￿t In the Company all guarantee tu contribuie £1 in the event of a ￿ndIng up. Decision ￿￿￿1￿0 The oryanisatSon Is rnanawj by a Management Committee IMQ of 11 Trust￿, drawn from repre5entatfves of the member 9Toups iThdiwdual mern￿rs. 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 reSpOn￿bIllt￿S 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 Per￿nn¢7 The staff team by the Managlry ￿￿tOr, Manud Button wlth Dir2Ltor, Paul Al￿￿￿1, TraW Mawer, Kelth Prout and sw￿l11ty and Volunteer Manyi Marckl Millingtrffl overseeiThJ each key area ol ￿ service de1￿￿v. An over*1 team of 31 (I￿lUding several part time arKI cayjal drIve￿I delNer the services. srATEMENT OF TRUSTEES. RESPON51BILrrIES The trustees (three of w￿rn a￿ also the direttors of Wandsworth Community TrarL4POrt for the purposes of C￿￿anY law) are reswnsible for preparing the Rerort of tlE Trustees and the flnancial statements in acaxda￿e vith applicable law and United KiTrJdom Accounts'ng Standards IUnW ￿n￿￿orn General￿ AC￿pted P£counting Pracbcel Induding Flnanc*l 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 ￿$ourCeS and ap￿IcatIon of resour￿4 Incllxling the income and eXp￿￿kUre, of tre Charttab￿ coryany fc¢ that FerDJ. In preFarin9 those flnanck4 statements, the trustees are required to - select SLltsble accounting FX)l*ies and then apply them c￿￿$t￿lY, - observe the rneth[￿S and wnciple5 In the Charlty SORP,. - make judgvnents and esbmate5 that a￿ rea￿able and pnjdent; - stste ￿ether applicable accwn￿ng stand6rds have ￿een followed, gJbl* to any material dÈpartures (*thed ewalned In the flna￿la1 stat￿nents. - prepare the flnan(ial st4tements on the goiw con￿rn trasls It 15 InaFprowiate ta preyjme that the charrtatle c(Nmpany 11 Con￿nUe In trthAness. The trustees are reswslble for keeF¥fvJ acC￿nts'r￿J 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 ststeff*nts 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 p￿rt￿on and detecD'on of fraud and other Irregularltle5, AUDrroRS aLKlitors, Hartley Fowler LLP, wlll te proposed for r￿￿PoIntMertt al the forthcorniry Annual General Meetlng. Report of the trL&ees, Irthp0ra￿n9 a stratsglc repotL approved ty order of the board of trLtstees, as a)nyny thre£tors, c 7 t￿Ober 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 TraI￿pOrt (the 'Charitat￿e companv) for the year errtle4 31 March 2025 which c(￿riSe the Statement of Finanaal kbvities, the Ba￿nCe Sheer the Cash Flow Statement and n(kns to the financial statrments, Includirrfj a surnmary of signincant accountlng F¥)licie5. The financkil reportirKJ frame￿c￿ thar has b￿rn applied in their pretkèration is a01ca￿e law and United Kin￿Orn Accountlng Standards (Unrted Klngdom Generalty A￿Pt￿j 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 ap￿1(atIOn of resiNJr￿, I￿uding its I￿orne 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 2￿6. B•sls for oplnlon We condwted ow a￿Lt in ￿cOrdan￿ ￿th Intemauonal Standards on Audib"ng IUK) CISAS (UK)) and ap￿{cable law. Our respDnslbil1￿es uTrler those 5taThJards are further described in the Auditors, respon￿bIlItieS 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 sts￿rd, 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 rel*lng to golng concvn In auditing the finanual ststements, we have corKluded that the trlstses, use of the concem Df accounb'ng in the ePara￿On of the flnanc*l State￿nts Ls apyropri*e. 8ased on the wgrk we have perforrned, we have not idenufied any rnaterial untrrtainties relating to events or coTrJltions that, Indfvidualty or colleL￿ve1V, may cast signfficant doubt on the charftat4È company's ability lo contlnue as b going co￿eM for a Ferlod of at least Imlve mnths from when the fhanclal are aUtts)ri￿ for Issue. Our responslbllit*s aTr1 the resr*xg￿ll￿es ol the trustees wlth respErt to go]ro conwn are &su(bed in the relevant settlons of this rewrt. Other InlorniJVon The trustees are respo￿b￿ 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 o￿nIt￿l on the flnanclal statements does n¢X cover the other infomk4tlon and, e￿pt to the extent rthe￿Se 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 ststern￿ts, our ￿5￿nsIbIlIty 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 appa￿nt 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 miSstat￿ni 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 p￿PHred 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 a￿1 understandin9 of the charitatAe conyany and environrnent obtained In the course of t a￿J(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 ￿l￿10n. adequate accounung r￿ordS have not b&n kept or returr6 adÉ¥Juats tr our audlt have not be￿ recaved from branc1￿5 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 1nrorrnat￿n and explanab.￿S we require for our audit. REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF WANDSWORTH COMMUNrrY TRANSPORT Res￿nsIbilitieS of trustees A5 explained more fully in the StstenEnt of Trustees, Respon*tli￿es, 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 ￿'r￿j satisfi&a that they give a true and lair view, and for such intemal control as thè trustees determine is necessary to ena￿e 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 a￿j 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 Con￿de￿d F￿￿terIal If, individually or In the aggr￿aLe, they coukd reasonably be extEct￿ to Infiuence the e￿oMiC decisbns of users taken on the basi5 of these flnarrial siatunents. The extent to ojr prO￿dureS we capable of detethng IrrOJ￿arf￿eS, 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(￿d￿reS reSp￿￿ve to th)se rlsks, includlng obtsining audit emdence that Is suffiaent aThJ approthte i provlde a bays lor our cy'nion. In id￿ti[￿'ng and asSeS￿r￿j risks of materlal mlsstatthnwt in resFeCt of irr83ularitie5, includlng fraud and non-c0mp1lan￿ wlth law5 aTrJ regulations, we consldered the follo￿lr(.. - the nature of the Industry and sertcf, control environment and the charbt*s advltles; . resufG of our eyquir￿s of management at￿)￿ thdr own identlfitation and assessment of the risks of *regularrtles; - any matlers we identified having obtsined and reweV￿d the tharitable compary's d0curnentatr.￿ of t￿1r ￿lI￿e5 and procedures ￿latr"ng to.. - ld￿trfYlng, 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 kno￿edge 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 )mc￿9 the audit engagement team re9ardlThJ how and where fraud mY4ht omr In nnanckl stste￿￿t5 and any poten￿al indlcators of fraud. As a ￿￿1t of these proC8ju￿S, %%* cCffi￿dered the cfjwrtuni(ie5 and in¢entNe5 that may exst wthln the or9anlsatlon for fraud. In CLNnrnon all audits are also requir￿ to perforrn SFEclfic pr￿￿re5 to resppnd to the rysk of management ¢verrSde. We also obtsined an understandkng of the legal and regulatory frarnewuk that the tharits￿e 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 C0￿￿Jered prowslors of Oth￿ laws and regulation5 that do not have a dirett effett ￿ the financ¥s1 statements but COm￿lan￿ wth tyyhith may ie fundamental to the charitable companvs ability to operate or to avobj a rnat￿al 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 AUD￿oR5 TO THE MEMBERS OF WANDSWORTH COMMUNThY TRANSPORT ¢JJr w￿dureS 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￿)b￿l as having a d￿r￿t eff* on the financial statements; - enquiring of managernetht (x)rThning actual and wt&)to1 IrtKJab"on and daims. - performing ana1￿ical pr[￿dureS to ithnttfy any unugjal or relat￿shIpS th3t ￿)Y ind￿ate r￿kS of rnaterial mi&stAtaTrent due to fraud,. - reviem￿ minutes of rneebry5 of th￿e 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 alusin*nts, assessing whether the ILHJgements rnade in Ma￿r￿j 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 ewQft￿t team meml*rs and emalned alert to any Ind￿a￿c￿ of fra￿j or n0n-(yJrplla￿e 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.uklaudito￿S￿I￿￿jbSll￿.eS. This descriptlon forn￿ part of our Report of the IndetEndent Audit￿5. of our report This rewt Is made 501dy to the tharItab￿ companvs M￿terS, as a thdy, In attOrdan￿ with Chapter 3 of Part 16 of the Companlcs Act 2006. Our audfc worf( has teen uTh*rtsken 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(rt￿e 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 L*ggnated fuwK15 Notes INCOME AND EHDOWMErirs FROM Grants and don*ion5 r&aved 248, 7.504 256,394 242,029 Cfraritsble athltl C￿ner01 opErat￿S 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 1x￿9ht 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 De￿gnat 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 5tsten*nts 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 Ol￿a￿L￿s 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 taryJIt￿e 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: C*pre£ladon charye5 Profit on disposal of fixed assets lrterest recdved IInuease)Ideuease in debtors Increa*l{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 ￿Art￿theSe 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 Irela￿1. (FRS 102), wth the Charftses SORP 'knountlng Re￿rtIng 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 prep￿d 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 entl￿ed to the income after ary kvformance conditions have teen rnel, the amount can be measured reliably and r( is proba￿le that the Incor(E will te rec*ved. For donations to r￿niSed 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