2025-03-31-accounts

	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