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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<br>-36|





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|Chair|ProfSBowlby|
|---|---|
|OtherAssociate|JBrindley|
|Directors|DMiller|
||ProfKNakata|
||BWedge|
||RWilliams|
|LocalAuthority<br>Appointments|CllrMohammedAyub,(ReadingBoroughCouncil)<br>AHeap,(WoodleyTownCouncil)(resigned30May2024)|
||Cllr<br>CSmith,(WokinghamBoroughCouncil)(appointed22July2024)|
||CllrDrJLanzoni,(ReadingBoroughCouncil)|
||Cllr<br>MSmith,(WokinghamBoroughCouncil)(resigned3May2024)|
||CllrMAHornsby-Smith,(ReadingBoroughCouncil)|
|Service-user|MichaelTran|
|OtherCo-options|RDuveen|
||GGrandison|
||Cllr<br>TMaher,(EarleyTownCouncil)(resigned22October2024)|
||APage(appointed22October2024)|
|HonorarySecretary|JBrindley(appointed<br>1April2024)|
|HonoraryTreasurer|Vacant|
|KeyStaffManagement|MrPAbsolon,GeneralManager|
|Personnel|MrsKChapman|
||MrsTChapman|
||MrSHermes|
||MrTHusbands|
||MrsEJohnson|
||MrsHWightwick|





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|Companyregistered||
|---|---|
|number|01970233|
|Charityregistered||
|number|293377|
|Registeredoffice|CradockRoad|
||Reading|
||Berkshire|
||RG20JX|
|Independentauditor|CroweU.K.LLP|
||R+Building|
||2BlagraveStreet|
||Reading|
||Berkshire|
||RG11AZ|
|Bankers|NationalWestminsterBankplc<br>OracleBranchUnitL117|
||TheOracleShoppingCentre|
||Reading|
||Berkshire|
||RG12AG|





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|||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|





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||Note||2025<br>£||2024<br>£|
|---|---|---|---|---|---|
|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<br>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|





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||Note|2025<br>£|2024<br>£|
|---|---|---|---|
|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||||





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||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||





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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2025|2025|2025|2024|
||£|£|£|£|
|Dial-a-RideContract-ReadingBorough<br>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||



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||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||





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|||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||





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||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|





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||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|





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||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|



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|||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|





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||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|



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||2025|2024|
|---|---|---|
||£|£|
|Financialassetsmeasuredatamortisedcost|568,798|839,423|
|Basicfinancialliabilitiesmeasuredatamortisedcost|42,365|32,440|
|Basicfinancialassetsmeasuredatfairvalue|2|2|
||611,165|871,865|



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||||2025|2024|
|---|---|---|---|---|
||||£|£|
|Total|interestincomefor|basicfinancialassets|9,398|11,975|





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|||||||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|



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|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|





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||Balanceat<br>1April2023<br>£|New<br>designations<br>£|Utilised/<br>released<br>£|Transfers<br>in/out<br>£|Balanceat<br>31March<br>2024<br>£|
|---|---|---|---|---|---|
|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|





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|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|





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||||||2025|2024|
|---|---|---|---|---|---|---|
||||||£|£|
||Netincome/(expenditure)<br>fortheperiod<br>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|





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|undernon-ca|ncellableoperatingleasesasfollows:|||
|---|---|---|---|
|||2025|2024|
|||£|£|
|Notlaterthan|<br>1year|73,400|73,400|
|Laterthan1|yearandnotlaterthan5years|220,200|293,600|
|||293,600|367,000|



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