| 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 | DMiller |
| ProfKNakata | |
| BWedge | |
| RWilliams | |
| LocalAuthority Appointments |
CllrMohammedAyub,(ReadingBoroughCouncil) AHeap,(WoodleyTownCouncil)(resigned30May2024) |
| Cllr CSmith,(WokinghamBoroughCouncil)(appointed22July2024) |
|
| CllrDrJLanzoni,(ReadingBoroughCouncil) | |
| Cllr MSmith,(WokinghamBoroughCouncil)(resigned3May2024) |
|
| CllrMAHornsby-Smith,(ReadingBoroughCouncil) | |
| Service-user | MichaelTran |
| OtherCo-options | RDuveen |
| GGrandison | |
| Cllr TMaher,(EarleyTownCouncil)(resigned22October2024) |
|
| APage(appointed22October2024) | |
| HonorarySecretary | 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 OracleBranchUnitL117 |
| TheOracleShoppingCentre | |
| Reading | |
| Berkshire | |
| RG12AG |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2025 | 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | £ | |
| Incomefrom: | |||||
| Donationsandlegacies | 6,700 | “ | 6,700 | 21,944 | |
| Charitable.activities: | |||||
| Busfareandcontractworkincome | an | 961,827 | - | 961,827 | 864,491 |
| Grantsreceivableforbusservices | 87,482 | - | 87,482 | 92,953 | |
| Othertradingactivities: | |||||
| Trainingservicefeeincome | 16,892 | - | 16,892 | 6,210 | |
| Investmentincome | 9,398 | - | 9,398 | 11,975 | |
| Otherincome | 24,829 | - | 24,829 | 19,678 | |
| Totalincome | 1,107,128 | - | 1,107,128 | 1,017,251 | |
| Expenditureon: | |||||
| Charitableactivities | 1,092,347 | - | 1,092,347 | 1,041,190 | |
| Totalexpenditure | 1,092,347 | - | 1,092,347 | 1,041,190 | |
| Netmovementinfunds | 14,781 | - | 14,781 | (23,939) | |
| Reconciliationoffunds: | |||||
| Totalfundsbroughtforward | 976,242 | 36,172 | 1,012,414 | 1,036,353 | |
| Netmovementinfunds | 14,784 | - | 14,781 | (23,939) | |
| Totalfundscarriedforward | 991,023 | 36,172 | 1,027,195 | 4,012,414 |
| Note | 2025 £ |
2024 £ |
|||
|---|---|---|---|---|---|
| Fixedassets | |||||
| Tangibleassets | 13 | 468,984 | 178,015 | ||
| Investments | 14 | 2 | 2 | ||
| 468,983 | 178,017 | ||||
| Currentassets | |||||
| Debtors | 15 | 97,533 | 94,097 | ||
| Cashatbankandinhand | 512,334 | 783,731 | |||
| 609,864 | 877,828 | ||||
| Currentliabilities | |||||
| Creditors:amountsfallingduewithinone year |
16 | (51,652) | (43,431) | ||
| Netcurrentassets | 558,212 | 834,397 | |||
| Totalnetassets | 1,027,195 | 1,012,414 | |||
| Charityfunds | |||||
| Restrictedfunds | 18 | 36,172 | 36,172 | ||
| Unrestrictedfunds | |||||
| Designatedfunds | 18 | 375,000 | 640,000 | ||
| Generalfunds | 18 | 616,023 | 336,242 | ||
| Totalunrestrictedfunds | 18 | 991,023 | 976,242 | ||
| Totalfunds | 1,027,195 | 1,012,414 |
| Note | 2025 £ |
2024 £ |
|
|---|---|---|---|
| Cashflowsfromoperatingactivities | |||
| Netcashgeneratedby/(usedin)operatingactivities | 20 | 62,324 | (37,923) |
| Cashflowsfrominvestingactivities | |||
| Interestincome | 9,398 | 11,975 | |
| Proceedsfromthesaleoftangiblefixedassets | 5,500 | - | |
| Purchaseoftangiblefixedassets | (345,040) | (106,620) | |
| Netcashusedininvestingactivities | (330,142) | (94,645) | |
| Changeincashandcashequivalentsintheyear | (267,818) | (132,568) | |
| Cashandcashequivalentsatthebeginningoftheyear | 779,194 | 911,762 | |
| Cashandcashequivalentsattheendoftheyear | 21 | 511,376 | 779,194 |
| Thenotesonpages20to36formpartofthesefinancialstatements |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Donations | 6,700 | 6,700 | 21,944 |
| Total2025 | 6,700 | 6,700 | 21,944 |
| Total2024 | 21,944 | 21,944 |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Dial-a-RideContract-ReadingBorough Council |
450,000 | - | 450,000 | 450,025 |
| Busfareincome | 285,165 | - | 285,165 | 241,791 |
| Othercontractincome | 226,662 | - | 226,662 | 172,675 |
| Total2025 | 961,827 | - | 961,827 | 864,491 |
| Total2024 | 864,466 | 25 | 864,497 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| WokinghamBoroughCouncil | 65,000 | 65,000 | 65,000 |
| WestBerkshireCouncil | 3,264 | 3,264 | 4,478 |
| WoodleyTownCouncil | 14,210 | 14,210 | 17,325 |
| WargraveParishCouncil | 2,000 | 2,000 | 2,000 |
| EarleyTownCouncil | 2,500 | 2,500 | 2,000 |
| GoringParishCouncil | 350 | 350 | 292 |
| SonningParishCouncil | 158 | 158 | 158 |
| OxfordshireCountyCouncil | - | . | 700 |
| ShinfieldParishCouncil | - | - | 1,000 |
| Total2025 | 87,482 | 87,482 | 92,953 |
| Total2024 | 92,953 | 92,953 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Fuel | dutyrebate | 19,329 | 19,329 | 19,678 |
| Profit | ondisposaloffixedassets | 5,500 | 5,500 | - |
| Total | 2025 | 24,829 | 24,829 | 19,678 |
| Total | 2024 | 19,678 | 19,678 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Provisionofbusservicecosts | 4,092347 | - | 1,092,347 | 1,041,190 |
| Total2024 | 1,040,713 | 477 | 1,041,190 | |
| Analysisofexpenditurebyactivities | ||||
| Activities | ||||
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Provisionofbusservicescosts | 880,769 | 211,578 | 1,092,347 | 1,041,190 |
| Total2024 | 851,716 | 189,474 | 1,041,190 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Staffcosts | 640,166 | 648,504 |
| Depreciation | 54,074 | 19,760 |
| Transportrunningcosts | 136,441 | 139,631 |
| Insurance | 46,370 | 40,079 |
| Telephone | 1,673 | 1,668 |
| Staffrecruitment | 205 | - |
| StaffTraining | 94 | 855 |
| Uniform | 1,000 | 710 |
| Trainingservicecosts | 746 | 509 |
| 880,769 | 851,716 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Staffcosts | 60,280 | 47,281 |
| Rentandrates | 79,921 | 80,063 |
| Lightandheat | 6,737 | 3,826 |
| Repairsandmaintenance | 3,079 | 4,262 |
| Printing,postageandstationery | 2,907 | 2,174 |
| Softwareandofficeexpenses | 15,521 | 12,197 |
| Subscriptions | 826 | 585 |
| Equipmentrental | 201 | 167 |
| Miscellaneous | 2,807 | 2,565 |
| Bankcharges | 591 | 591 |
| Motorandtravelexpenses | 639 | 430 |
| Roomhireandmeetingexpenses | 105 | 528 |
| Professionalfees | 14,066 | 14,417 |
| Governancecosts-other | 17,200 | 15,215 |
| Governancecosts-staff | 6,698 | §,253 |
| 211,578 | 189,474 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Isstatedaftercharging: | ||
| Depreciationoftangibleassets | 54,074 | 19,760 |
| Rentalspayableunderoperatingleases | 73,400 | 73,567 |
| Auditors’remuneration | 17,500 | 13,575 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wagesandsalaries | 639,468 | 635,581 |
| Socialsecuritycosts | 40,313 | 38,618 |
| Contributiontodefinedcontributionpensionschemes | 27,363 | 26,839 |
| 707,144 | 701,038 |
| 2025 | 2024 | |
|---|---|---|
| No. | No, | |
| Fulltime | 1 | 12 |
| Parttime | 20 | 19 |
| Casualtime | 10 | 10 |
| 41 | 41 |
| Fixturesand | Office | |||
|---|---|---|---|---|
| Buses | fittings | equipment | Total | |
| £ | £ | £ | ||
| Costorvaluation | ||||
| At1April2024 | 1,082,610 | 111,290 | 155,178 | 1,349,078 |
| Additions | 345,040 | . | - | 345,040 |
| Disposals | (114,491) | - | - | (114,491) |
| At31March2025 | 1,313,159 | 111,290 | 155,178 | 1,579,627 |
| Depreciation | ||||
| At1April2024 | 905,981 | 111,290 | 153,792 | 1,171,063 |
| Chargefortheyear | 53,506 | - | 568 | 54,074 |
| Ondisposals | (114,491) | - | - | (114,491) |
| At31March2025 | 844,996 | 111,290 | 154,360 | 1,110,646 |
| Netbookvalue | ||||
| At31March2025 | 468,163 | - | 818 | 468,981 |
| At31March2024 | 176,629 | - | 1,386 | 178,015 |
| Unlisted | |||
|---|---|---|---|
| investments | |||
| £ | |||
| Cost | orvaluation | ||
| At | 1 | April2024 | 2 |
| At | 31 | March2025 | 2 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Duewithinoneyear | ||
| Tradedebtors | 43,470 | 42,695 |
| Otherdebtors | 15,412 | 20,786 |
| Prepaymentsandaccruedincome | 38,651 | 30,616 |
| 97,533 | 94,097 | |
| Creditors:Amountsfallingduewithinoneyear | ||
| 2025 | 2024 | |
| £ | £ | |
| Bankoverdrafts | 955 | 4,537 |
| Tradecreditors | 18,715 | 10,311 |
| Othertaxationandsocialsecurity | 11,972 | 10,871 |
| Othercreditors | 6,554 | 5,032 |
| Accrualsanddeferredincome | 13,456 | 12,680 |
| 51,652 | 43,431 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Financialassetsmeasuredatamortisedcost | 568,798 | 839,423 |
| Basicfinancialliabilitiesmeasuredatamortisedcost | 42,365 | 32,440 |
| Basicfinancialassetsmeasuredatfairvalue | 2 | 2 |
| 611,165 | 871,865 |
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Total | interestincomefor | basicfinancialassets | 9,398 | 11,975 |
| Balanceat | ||||||
|---|---|---|---|---|---|---|
| Balanceat | 1 | New | Utilised/ | Transfers | 31March | |
| April2024 | designations | Released | in/out | 2025 | ||
| £ | £ | £ | £ | £ | ||
| Unrestrictedfunds | ||||||
| Designatedfunds | ||||||
| BusReplacementFund | 640,000 | - | (345,040) | 80,040 | 375,000 | |
| Generalfunds | ||||||
| GeneralFund | 336,242 | 1,107,128 | (747,307) | (80,040) | 616,023 | |
| TotalUnrestrictedfunds | 976,242 | 1,107,128 | (1,092,347) | - | 991,023 |
| Restrictedfunds | |||||
|---|---|---|---|---|---|
| Bus.andassociatedequipment | |||||
| appealanddonations | 31,000 | - | - | - | 31,000 |
| CCTV | 5,172 | - | . | - | 5,172 |
| 36,172 | . | - | - | 36,172 | |
| Totaloffunds | 1,012,414 | 1,107,128 | (1,092,347) | - | 1,027,195 |
| Balanceat 1April2023 £ |
New designations £ |
Utilised/ released £ |
Transfers in/out £ |
Balanceat 31March 2024 £ |
|
|---|---|---|---|---|---|
| Unrestrictedfunds | |||||
| Designatedfunds | |||||
| BusReplacementFund | 640,000 | 106,620 | (106,620) | - | 640,000 |
| Generalfunds | |||||
| GeneralFund | 356,878 | 910,606 | (934,093) | 2,851 | 336,242 |
| TotalUnrestrictedfunds | 996,878 | 1,017,226 | (1,040,713) | 2,851 | 976,242 |
| Restrictedfunds | |||||
| Busandassociatedequipment | |||||
| appealanddonations | 37,000 | - | - | - | 37,000 |
| PositiveImagecampaign | 255 | - | (452) | 197 | - |
| CCTV | 8,220 | - | - | (3,048) | 5,172 |
| StaffRefreshment | - | 25 | (25) | - | - |
| 39,475 | 26 | (477) | (2,851) | 36,172 | |
| Totaloffunds | 1,036,353 | 1,017,251 | (1,041,190) | - | 1,012,414 |
| Analysisofnetassetsbetweenfunds-cur | rentyear | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| Tangiblefixedassets | 468,981 | - | 468,981 |
| Fixedassetinvestments | 2 | - | 2 |
| Currentassets | 573,692 | 36,172 | 609,864 |
| Creditorsduewithinoneyear | (51,652) | - | (51,652) |
| Total | 991,023 | 36,172 | 1,027,195 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Tangiblefixedassets | 478,015 | - | 178,015 |
| Fixedassetinvestments | 2 | - | 2 |
| Currentassets | 841,656 | 36,172 | 877,828 |
| Creditorsduewithinoneyear | (43,431) | - | (43,431) |
| 976,242 | 36,172 | 1,012,414 |
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Netincome/(expenditure) fortheperiod Activities) |
(as | perStatement | ofFinancial | 14,781 | (23,939) | |
| Adjustmentsfor: | ||||||
| Depreciationcharges | 54,074 | 19,760 | ||||
| Interestincome | (9,398) | (11,975) | ||||
| Profitonthesaleoffixedassets | (5,500) | - | ||||
| (Increase)indebtors | (3,436) | (3) | ||||
| Increase/(decrease)increditors | 11,803 | (21,766) | ||||
| Netcashprovidedby/(usedin)operating | activities | 62,324 | (37,923) | |||
| 21. | Analysisofcashandcashequivalents | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Cashinhand | 512,331 | 783,731 | ||||
| Overdraftfacilityrepayableondemand | (955) | (4,537) | ||||
| Totalcashandcashequivalents | 511,376 | 779,194 | ||||
| 22. | Analysisofchangesinnetdebt |
| At1April | At31March | ||
|---|---|---|---|
| 2024 | Cashflows | 2025 | |
| £ | £ | £ | |
| Cashatbankandinhand | 783,731 | (271,400) | 512,331 |
| Bankoverdraftsrepayableondemand | (4,537) | 3,582 | (955) |
| 779,194 | (267,818) | 511,376 |
| undernon-ca | ncellableoperatingleasesasfollows: | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Notlaterthan | 1year |
73,400 | 73,400 |
| Laterthan1 | yearandnotlaterthan5years | 220,200 | 293,600 |
| 293,600 | 367,000 |