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||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|
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|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|
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|||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|
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||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|
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|||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||||
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||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||
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||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||
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||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||
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||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|
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||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|
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||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|
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|||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|
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||Unlisted|
|---|---|
||investments|
||£|
|Costorvaluation||
|At1April2023|2|
|At31March2024|2|
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||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|
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||2024|2023|
|---|---|---|
||£|£|
|Financialassetsmeasuredatamortisedcost|839,423|970,067|
|Basicfinancialliabilitiesmeasuredatamortisedcost|32,440|62,670|
|Basicfinancialassetsmeasuredatfairvalue|2|2|
||871,865|1,032,739|
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||||2024|2023|
|---|---|---|---|---|
||||£|£|
|Total|interest|incomeforbasicfinancialassets|11,975|3,789|
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||||||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|
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||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|
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||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|
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||||||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|
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|||2024|2023|
|---|---|---|---|
|||£|£|
|Notlaterthan|
1year|73,400|73,400|
|Laterthan1|yearandnotlaterthan5years|293,600|293,600|
|Laterthan5|years|-|73,400|
|||367,000|440,400|
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