| Page | |
|---|---|
| Referenceandadministrativedetailsoftheincorporatedcharity,itsDirectorsand | 1-2 |
| advisers | |
| Directors’report | 3-10 |
| Directors’responsibilitiesstatement | 11 |
| Independentauditor'sreportonthefinancialstatements | 12-15 |
| Statementoffinancialactivities | 16 |
| Balancesheet | 17 -18 |
| Statementofcashflows | 19 |
| Notestothefinancialstatements | 20 -36 |
| Chair | ProfSBowlby | |
|---|---|---|
| OtherAssociate | JBrindley | |
| Directors | DMitler | |
| ProfKNakata | ||
| BWedge | ||
| RWilliams | ||
| LocalAuthority | CilrMohammedAyub,(ReadingBoroughCouncil) | |
| Appointments | AHeap,(WoodleyTownCouncil) | |
| Cllr GKhan,(ReadingBoroughCouncil)(resigned29July2023) |
||
| CllrDrJLanzoni,(ReadingBoroughCouncil) | ||
| ClirMSmith,(WokinghamBoroughCouncil)(resigned3May2024) | ||
| Clit MAHornsby-Smith,(ReadingBoroughCouncil)(appointed |
3November2023) | |
| Service-user | MichaelTran | |
| OtherCo-options | RDuveen | |
| GGrandison | ||
| Cllr TMaher,(EarleyTownCouncil) |
||
| HonorarySecretary | TBottomley(resigned31March2024) | |
| JBrindley(appointed 1April2024) |
||
| HonoraryTreasurer | Vacant | |
| KeyStaffManagement | MrPAbsolon,GeneralManager | |
| Personnel | MrsKChapman | |
| MrsTChapman | ||
| MrSHermes | ||
| MrTHusbands | ||
| MrsEJohnson | ||
| MrsHWightwick |
| Companyregistered | |
|---|---|
| number | 01970233 |
| Charityregistered | |
| number | 293377 |
| Registeredoffice | CradockRoad |
| Reading | |
| Berkshire | |
| RG20JX | |
| Independentauditor | CroweU.K.LLP |
| R+Building | |
| 2BlagraveStreet | |
| Reading | |
| Berkshire | |
| RG11AZ | |
| Bankers | NationalWestminsterBankplc |
| OracleBranchUnitL11 | |
| TheOracleShoppingCentre | |
| Reading | |
| Berkshire | |
| RG12AG |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2024 | 2024 | 2024 | 2023 | ||
| Note | £ | £ | £ | £ | |
| Incomefrom: | |||||
| Donationsandlegacies | 4 | 21,944 | - | 21,944 | 13,826 |
| Charitableactivities: | |||||
| Busfareandcontractworkincome | 5 | 864,466 | 25 | 864,491 | 887,003 |
| Grantsreceivableforbusservices | 6 | 92,953 | - | 92,953 | 89,350 |
| Othertradingactivities: | |||||
| Trainingservicefeeincome | 6,210 | - | 6,210 | 4,160 | |
| Investmentincome | 11,975 | - | 11,975 | 3,789 | |
| Otherincome | 7 | 19,678 | - | 19,678 | 20,427 |
| Totalincome | 1,017,226 | 25 | 1,017,251 | 1,018,555 | |
| Expenditureon: | |||||
| Charitableactivities | 8 | 1,040,713 | 477 | 1,041,190 | 964,164 |
| Totalexpenditure | 1,040,713 | 477 | 1,041,190 | 964,164 | |
| Net(expenditure)/income | (23,487) | (452) | (23,939) | 54,391 | |
| Transfersbetweenfunds | 18 | 2,851 | (2,851) | - | - |
| Netmovementinfunds | (20,636) | (3,303) | (23,939) | 54,391 | |
| Reconciliationoffunds: | |||||
| Totalfundsbroughtforward | 996,878 | 39,475 | 1,036,353 | 981,962 | |
| Netmovementinfunds | (20,636) | (3,303) | (23,939) | 54,391 | |
| Totalfundscarriedforward | 976,242 | 36,172 | 1,012,414 | 1,036,353 |
| Note | 2024 E |
2023 £ |
|||
|---|---|---|---|---|---|
| Fixedassets | |||||
| Tangibleassets | 13 | 178,015 | 91,155 | ||
| Investments | 14 | 2 | 2 | ||
| 178,017 | 91,157 | ||||
| Currentassets | |||||
| Debtors | 15 | 94,097 | 94,094 | ||
| Cashatbankandinhand | 783,731 | 922,972 | |||
| 877,828 | 1,017,066 | ||||
| Creditors:amountsfallingduewithinone year |
16 | (43,431) | (71,870) | ||
| Netcurrentassets | 834,397 | 945,196 | |||
| Totalassetslesscurrentliabilities | 1,012,414 | 1,036,353 | |||
| Netassetsexcludingpensionasset | 4,012,414 | 1,036,353 | |||
| Totalnetassets | 1,012,414 | 1,036,353 | |||
| Charityfunds | |||||
| Restrictedfunds | 18 | 36,172 | 39,475 | ||
| Unrestrictedfunds | |||||
| Designatedfunds | 18 | 640,000 | 640,000 | ||
| Generalfunds | 18 | 336,242 | 356,878 | ||
| Totalunrestrictedfunds | 18 | 976,242 | 996,878 | ||
| Totalfunds | 1,012,414 | 1,036,353 |
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cashflowsfromoperatingactivities | |||
| Netcashusedinoperatingactivities | 20 | (37,923) | 82,730 |
| Cashflowsfrominvestingactivities | |||
| Interestincome | 11,975 | 3,789 | |
| Purchaseoftangiblefixedassets | (106,620) | (95,245) | |
| Netcashusedininvestingactivities | (94,645) | (91,456) | |
| Changeincashandcashequivalentsintheyear | (132,568) | (8,726) | |
| Cashandcashequivalentsatthebeginningoftheyear | 911,762 | 920,488 | |
| Cashandcashequivalentsattheendoftheyear | 21 | 779,194 | 911,762 |
| Thenotesonpages20to36formpartofthesefinancialstatements |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Donations | 21,944 | 21,944 | 13,826 |
| Total2024 | 21,944 | 21,944 | 13,826 |
| Total2023 | 13,826 | 13,826 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Dial-a-RideContract-ReadingBorough | ||||
| Council | 450,000 | 25 | 450,025 | 450,400 |
| Busfareincome | 241,791 | - | 241,791 | 267,665 |
| Othercontractincome | 172,675 | - | 172,675 | 168,938 |
| Total2024 | 864,466 | 25 | 864,491 | 887,003 |
| Total2023 | 887,003 | - | 887,003 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| WokinghamBoroughCouncil | 65,000 | 65,000 | 65,000 |
| WestBerkshireCouncil | 4,478 | 4,478 | 5,000 |
| WoodleyTownCouncil | 47,325 | 17,325 | 16,500 |
| WargraveParishCouncil | 2,000 | 2,000 | 2,000 |
| EarleyTownCouncil | 2,000 | 2,000 | - |
| GoringParishCouncil | 292 | 292 | 700 |
| SonningParishCouncil | 158 | 158 | 150 |
| OxfordshireCountyCouncil | 700 | 700 | - |
| ShinfieldParishCouncil | 1,000 | 1,000 | - |
| Total2024 | 92,953 | 92,953 | 89,350 |
| Total2023 | 89,350 | 89,350 | |
| Otherincomingresources | |||
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2024 | 2024 | 2023 | |
| £ | £ | £ | |
| Fueldutyrebate | 19,678 | 19,678 | 20,427 |
| Total2024 | 19,678 | 19,678 | 20,427 |
| Total2023 | 20,427 | 20,427 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Staffcosts | 599,711 | 540,429 |
| Depreciation | 19,760 | 7,465 |
| Transportrunningcosts | 139,631 | 126,436 |
| Insurance | 40,079 | 37,334 |
| Telephone | 1,668 | 1,671 |
| Staffrecruitment | - | 575 |
| StaffTraining | 855 | 699 |
| Uniform | 710 | 2,649 |
| Trainingservicecosts | 509 | 286 |
| 802,923 | 717,544 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Staffcosts | 91,194 | 92,779 |
| Rentandrates | 80,063 | 79,541 |
| Lightandheat | 3,826 | 4,800 |
| Repairsandmaintenance | 4,262 | 5,234 |
| Printing,postageandstationery | 2,174 | 1,842 |
| Softwareandofficeexpenses | 12,117 | 17,428 |
| Subscriptions | 585 | 605 |
| Equipmentrental | 167 | 174 |
| Miscellaneous | 2,565 | 2,330 |
| Bankcharges | 591 | 601 |
| Motorandtravelexpenses | 430 | 421 |
| Roomhireandmeetingexpenses | 528 | 649 |
| Professionalfees | 14,417 | 17,037 |
| Governancecostsother | 10,133 | 10,309 |
| Governancecostsstaff | 15,215 | 12,870 |
| 238,267 | 246,620 |
| 10. | Netincome/(expenditure) | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Isstatedaftercharging: | |||
| Depreciationoftangibleassets | 19,760 | 7,465 | |
| Rentalspayableunderoperatingleases | 73,567 | 73,458 | |
| Auditors’remuneration | 13,575 | 12,345 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wagesandsalaries | 635,581 | 583,408 |
| Socialsecuritycosts | 38,618 | 35,909 |
| Contributiontodefinedcontributionpensionschemes | 26,839 | 24,200 |
| 701,038 | 643,517 |
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Fulltime | 12 | 13 |
| Parttime | 19 | 19 |
| Casualtime | 10 | 11 |
| At | 43 |
| Fixturesand | Office | |||
|---|---|---|---|---|
| Buses | fittings | equipment | Total | |
| £ | £ | £ | £ | |
| Costorvaluation | ||||
| At1April2023 | 975,990 | 111,290 | 155,178 | 1,242,458 |
| Additions | 106,620 | - | - | 106,620 |
| At31March2024 | 1,082,610 | 111,290 | 155,178 | 1,349,078 |
| Depreciation | ||||
| At1April2023 | 887,308 | 111,290 | 152,705 | 1,151,303 |
| Chargefortheyear | 18,673 | - | 1,087 | 19,760 |
| At31March2024 | 905,981 | 111,290 | 153,792 | 1,171,063 |
| Netbookvalue | ||||
| At31March2024 | 176,629 | - | 1,386 | 178,015 |
| At31March2023 | 88,682 | - | 2,473 | 91,155 |
| Unlisted | |
|---|---|
| investments | |
| £ | |
| Costorvaluation | |
| At1April2023 | 2 |
| At31March2024 | 2 |
| 2024 £ |
2023 £ |
|
|---|---|---|
| Duewithinoneyear | ||
| Tradedebtors | 42,695 | 33,355 |
| Otherdebtors | 20,786 | 18,037 |
| Prepaymentsandaccruédincome | 30,616 | 42,702 |
| 94,097 | 94,094 | |
| Creditors:Amountsfallingduewithinoneyear | ||
| 2024 £ |
2023 £ |
|
| Bankoverdrafts | 4,537 | 11,210 |
| Tradecreditors | 10,311 | 32,817 |
| Othertaxationandsocialsecurity | 10,874 | 9,653 |
| Othercreditors | 5,032 | 3,550 |
| Accrualsanddeferredincome | 12,680 | 14,640 |
| 43,431 | 71,870 |
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Financialassetsmeasuredatamortisedcost | 839,423 | 970,067 |
| Basicfinancialliabilitiesmeasuredatamortisedcost | 32,440 | 62,670 |
| Basicfinancialassetsmeasuredatfairvalue | 2 | 2 |
| 871,865 | 1,032,739 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Total | interest | incomeforbasicfinancialassets | 11,975 | 3,789 |
| Balanceat | |||||
|---|---|---|---|---|---|
| Balanceat | New | Utilised/ | 31March | ||
| 1April2022 | designations | released | 2023 | ||
| £ | £ | £ | £ | ||
| Unrestrictedfunds | |||||
| Designatedfunds | |||||
| BusReplacementFund | 640,000 | 93,363 | (93,363) | 640,000 | |
| Generalfunds | |||||
| GeneralFund | 302,487 | 925,192 | (870,807) | 356,878 | |
| TotalUnrestrictedfunds | 942487 | 1,018,555 | (964, | 164) |
996,878 |
| Restrictedfunds | |||||
| Busandassociatedequipmentappealand | |||||
| donations | 31,000 | - | - | 31,000 | |
| PositiveImagecampaign | 255 | - | - | 255 | |
| CCTV | 8,220 | - | - | 8,220 | |
| 39,475 | - | - | 39,475 | ||
| Totaloffunds | 981,962 | 1,018,555 | (964, | 164) | 1,036,353 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Tangiblefixedassets | 178,015 | - | 178,015 |
| Fixedassetinvestments | 2 | - | 2 |
| Currentassets | 841,656 | 36,172 | 877,828 |
| Creditorsduewithinoneyear | (43,431) | - | (43,431) |
| Total | 976,242 | 36,172 | 1,012,414 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| Tangiblefixedassets | 91,155 | - | 91,155 |
| Fixed assetinvestments | 2 | - | 2 |
| Currentassets | 977,591 | 39,475 | 1,017,066 |
| Creditorsduewithinoneyear | (71,870) | - | (71,870) |
| 996,878 | 39,475 | 1,036,353 |
| 2024 £ |
2023 £ |
|||||
|---|---|---|---|---|---|---|
| Net(expenditure)/income fortheperiod Activities) |
(as | perStatement | ofFinancial | (23,939) | 54,391 | |
| Adjustmentsfor: | ||||||
| Depreciationcharges | 19,760 | 7,465 | ||||
| Interestincome | (11,975) | (3,789) | ||||
| Increaseindebtors (Decrease)/increaseincreditors |
(3) (21,766) |
(260) 24,923 |
||||
| Netcash(used in)/providedbyoperating | activities | (37,923) | 82,730 | |||
| 21. | Analysisofcashandcashequivalents | |||||
| 2024 £ |
2023 £ |
|||||
| Cashinhand | 783,731 | 922,972 | ||||
| Overdraftfacilityrepayableondemand | (4,537) | (11,210) | ||||
| Totalcashandcashequivalents | 779,194 | 911,762 | ||||
| 22. | Analysisofchangesinnetdebt | |||||
| At1April | At31March | |||||
| 2023 | Cashflows | 2024 | ||||
| ¢ | £ | £ | ||||
| Cashatbankandinhand | 922,972 | (139,241) | 783,731 | |||
| Bankoverdraftsrepayableondemand | (11,210) | 6,673 | (4,537) | |||
| 911,762 | (132,568) | 779,194 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Notlaterthan | 1year |
73,400 | 73,400 |
| Laterthan1 | yearandnotlaterthan5years | 293,600 | 293,600 |
| Laterthan5 | years | - | 73,400 |
| 367,000 | 440,400 |