COMPANY REGISTRATION NUMBER: N1041640
CHARITY REGISTRATION NUMBER: XR48423
Wheelworks
Company Limited by Guarantee
Financial Statements
31 March 2023
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Wheelworks
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
12
18
Statement of financial position
19
Notes to the financial statements
20
The following pages do not forni part of the financial statements
Detailed statement of financial activities
31
Notes to the detailed statement of financial activities
32

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The trustees. who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Registered charity name
Wheelworks
Charity reglstration number
XR48423
Company registration number N1041640
Principal office and registered 4c Weavers Court Business Park
office
Linfield Industrial Estate
Linfield Road
Belfast
BT12 5GH
The trustees
S Stack
J Mills
L Hodgins
A Connolly
Dr U Banerjee
M Duffy
K McKnight
J Watson
H Mullan
(Resigned 11 November 2022)
(Resigned 22 November 20221
(Appointed 9 August 2022)
(Appointed 9 August 2022}
(Appointed 22 November 2022)
Company secretary
Katherine McKnight
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Bankers
Danske Bank
PO Box 183
Donegall Square West
Belfast
BT16JS
Solicitors
O'Hare Solicitors
37-41 High Street
Belfast
BT12AB

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) f¢ontlnued)
Year ended 31 March 2023
Structurej governance and management
Governing Document
Wheelworks is a company limited by guarantee governed by its Memorandum and Articles of
Association dated 1st October 2001. Wheelworks is a registered charity with the Charily Commission
for Northern Ireland. Wheelworks is a membership organisation with currently 7 members, each of
whom agrees to contribute £1 in the event of the charity winding up.
Appointment of trustees
The Chairman and the Trustees recruit and select new Trustees as needed. New Trustees are
recruited on the relevance of their professional skills. and their potential to be able to make a helpful
contribution to the governance of the Charity. As part of the recruitment process they are made aware
of a Trustees, legal obligations under charity and company law, the content of the Memorandum and
Articles of Association, the committee and decision making processes. the business plan and recent
financial performance of the charity.
Once the potential new Trustee has agreed to be considered for appointment to the role, the Trustees
meet to review and to vote or) the candidates, suitability for appointment. If there is unanimous
agreement, their names are then proposed for appointment in one of the scheduled board meetings.
Organisation structure and how charity makes decisions
The board of trustees, which can have up to 15 members, administers the charity. The board normally
meet between 4-6 times annually and there are now sub-committees covering development,
governance. HR, finance and which normally meets be￿een 2-4 times annually. A CEO is appointed
by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations,
the CEO has delegated authority, within terms of delegation approved by the trustees, for operational
matters including finance. employment and direct charitable activities.
Relationships with related parties
None of our trustees receive remuneration or other benefit from their work with the charity.
Risk management
The trustees have a risk management strategy which comprises..
an annual review of the principal risks and uncertainties that the charity faces-
the establishment of policies, systems and procedures to mitigate those risks identified in the
annual review,. and
the implementation of procedures designed to minimise or manage any potential impact on the
charity should those risks materialise.

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (Gontinuéd)
Year ended 31 March 2023
Objectives and activities
Wheelworks is an established and leading youth arts charity that works in partnership with
communilies to provide innovative programmes to young people aged 4 25 across Northern Ireland.
We exist to create fresh opportunities for young people's social, cultural, and educational development
through accessible issue-based and enjoyable traditional and digital arts led programmes.
Over the past 27 years, through visual and digitsl arts programmes we have been supporting and
increasing personal, social. and creative skills in the young people. Our programmes offer high quality,
artistic activity for learning. enjoyment, and change, giving young people from the most marginalised,
disadvantaged communities a voice on matters that are important to them and their community.
Our Key Aims and Objectives are..
The creation and faGilitalion of innovative, high-quality art and technology led activity
Creating opportunities for children and young people to engage in creative practice and leaming
Facilitating local communities to engage in high quality arts experiences, particularly in areas of
low engagement {e.g.. rural areas) and areas of social deprivation.
Building resilience and capacity in the wider artslcommunitylyouth sector through training and
mentoring of artistslworkforce and other organisations
From the outset, our core vision was to provide mobile arts activities to excluded children and young
people, who would otherwise never have access to high quality, participalive arts projects, with
professional artists. That vision still represents a key focus of WWA activities, and for the past 27
years the organisation has empowered young people through visual and digital arts engagement with
a balanced programme of work in both rural and urban areas. Always working directly with young
people in their own communities who may be experiencing marginalisation in some way, be it from
cultural and social exclusion, geographical isolation, or economic deprivation.
Wheelworks Arts provides a level playing field for marginalised young people who may otherwise
have limited access to new media technology and widens participation amongst groups of young
people, who may feel disaffected by mainstream youth activity but are drawn to technology, arts and
digital artforms such as design, spray painting, coding. gaming, web design, video gaming. animation
and electronic music.
To achieve these visons and aims we will focus on the following core strategic outcomes..
Access to traditional and digital arts participation. To enhance artistic and digital social inclusion of
young people living in Gommunities that experience barriers and access to participating in the arts.
Advancing marginalised young wilhin the creative sector. For marginalised young people to realise
their own potential.
Increase Sustainable service offers. Generate new service income by offering experiential new
artsldigital
led
courseslactivitiesltraining
to
adultslworkforce
VRIARIMocap
experiencelChangeMakerrrs3 etc.
Advance artists and staff expertise by making available resourceslequipment to
experimenvpiloudevelop new artsldigital technology led offerings.
Improving creative capacity in the community and codesign and community development
initiatives Iransferring artistic and creative skills to young people and their communities.
Developing young volunteers. Involve volunteers to learn new skills and promote the benefit of arts
led leaming and participation.
We will continue to engage and empower young people by placing creativity at the centre of our

Wheelworks
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continuedj
Year ended 31 March 2023
activities and use these as a medium to promote discussion, develop skills, build experience, and gel
them involved in activities Ihat they may not be familiar with. The key impacts we seek to bring in the
young people with whom we work are:
Key lifelwork skills: Development of positive relationships wilh others such as better team working,
positive peer relationships. increased communication skills with trusted adults
Attitudinal Skills.. To enhance individual capabilities such as gaining confidence, managing own
feelings, build resilience, ability to make healthy choices increased aspirations
Personal skills: Development of thinking skills such as respect for difference, decision making,
satisfaction with own lifelself
Creative skills= Develop enjoyment in learning new things such as art and tech led participation,
planning and problem solving, pride in creative outputs and skills of arts and digital technology led
learning.
To build stronger relationships, improve our visibility and increase impacts, it is critically important to
have consultations and co-create activities to know and understand the needs of the groups and
support networks we collaborate with. Through these engagements we broaden our knowledge base,
support better coordinated activities. increase collaboration on the ground. enhancing participation,
empowering the young people. which increases positive impacts.
The impact and quality of our activity is demonstrated by the collaboration and relationships we have
built over the years and securing a diverse range of funding streams for both core and project work.
The demand for our work outstrips our capacity- over the next few years we hope to strengthen this
relationship and broaden our engagement work in partnership with Current and new partners across
Northern Ireland.
In the year 2022-23 we embraced the challenge and responded to the changing needs by being
flexible, working together with the youth and their community and collectively partnering to provide
arts. and creativity. We continued to be strategic in planning and securing funding to safeguard the
creative work we offer to the young people and their communities across Northern Ireland. Emphasis
continues to be placed on accessibility, reachability, innovalion, inspiration. positive outcomes, and
good values.
The effect of the pandemic and now the economic and cost of living crisis, as a charity we
acknowledge that nothing is certain and further challenges may be ahead. As we rely on public sector
funding this is a challenging time for them too.
Wheelworks, charitable mission continues to be delivered under these core strands..
Artcart Outreach Programme
iProgramme
Future Focus programme
iwill Volunteering Programme
Community Transformation Programme

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) (Gonlinued)
Year ended 31 March 2023
Objectives and activities {contlnuedJ
In Wheelworks we immensely value the contribution of our Volunteers. We value the professionalism
of our stafflvolunteerslartistslfacilitators and thank them for constantly working with young people,
listening to their needs and tinding new ways to engage and inspire them as they face varied social
issues and life challenges.
In this challenging landscape, we are collaborating closely with our grassroots partners to maintain the
continuity of services. We are commilted to advancing our co-design model of participation with young
people. We acknowledge that this endeavour is far from straightforward. It demands that we tap into
our individual and collective strengths, advocate for the necessary support and services. adapt to
changes, and fully comprehend the challenges Ihat can help us uphold our core values.. a rights-based
approach, a commilment to excellence, flexibility, and innovation.
Every facet of our work is interconnected and interdependent. Together with marginalised young
people and their communities, we are dedicated to ensuring that our engagement is youlh-led and
relevant. To achieve this. we will persist in applying a co-design model of participation, allowing young
people to take charge of decisions and express their interests. This approach ensures that we are
responsive to their needs and aspirations from the very beginning.
We are grateful to our stakeholders and funders and hugely appreciate their support in believing in our
programmes designed specifically with young people and their wellbeing in mind. Their funding opens
opportunities for marginalised young people. lo experience and be inspired by the arts and innovative
design technologies as they take part in fun and creative activities, based around the reality of each
young person's situation.

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Strategic report
The following sections for achievements and performance and financial review form the stralegic
report of the charity.
Achievements and performance
As a regional youth arts organisation, we have been supporting children and young people's personal,
social and cultural development through accessible and innovative community-based programmes
which provide a creative fusion of traditional and digital art forms, harnessing the arts for learning,
change, and giving young people a voice. We believe in the young people of Northern Ireland and
acknowledge the value of creative participation and learning.
'Equal access to arts and cultural programmes has Ihe potential to help reduce inequalities through
narrowing the gap of social and cultural capital be￿een the advantaged and disadvantaged
populations.. Public Health Sector March 2020.
We are pleased with our achievements between 2022-23, despite the many uncertainties and
challenges we have faced. including political uncertainty, the cost-of-living crisis, and funding cuts.
These are the highlights of our year aGross artistic. Gommunity, strategic and operational areas. In
2022-23. took part in 370 workshops which accounted for Wheelworks Arts 2022-23 accomplishments
include..
9.848 young people aged 4 to 25 participated
370 in-person workshops
30,624 hours of in-person participation
13 feslivals
20 exhibitions
47 volunteers dedicating over 100 hours of services to our charitable mission
4 new artists recruited
644 contracts offered to our artists, in both digital and visual artforms. enabling Wheelworks to
broaden the diverse range of innovative and hybrid workshops to our participants across Northern
Ireland.
A total of 39,392 people reached.
In 2022-23. we nurtured our relationships with over 70 voluntary and community, youth, and school
partners. These included Ihe FIND Centre in Enniskillen, Cedar Lodge Special School in north Belfast,
Marrowbone Youth Club, Scotch Street Youth Club in Portadown, Pathways in Ballymoney. Include
Youth, Gilford Youth Club, Glenparent Youth & Community Group. Mainstay Day Centre, North Belfast
Advice Partnership. Orchardville, Hammer Youth Club. Holiday Inn refugee support, and many more.
The demand for our work outstrips our capacity: we hope lo strengthen this relationship, and will be
looking to also broaden our engagement, reaching out to new partners across Northern Ireland.
By introducing cutting-edge technology, presenting co-created participatory models for sustained arts
projects, and developing and supporting our professional arti5t5 and workforce we collaborate to
deliver our vision of an excellent, professional, and youth-led creative organisation.

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) fcontinuedj
Year ended 31 March 2023
Financial review
Core funding remained same in 2022-23. with support from the Arts Council of Northern Ireland
(principal funderl under its Annual Funding Programme. Children in Need and Belfast City Council.
Wheelworks staff and management teams continue to be proactive in pursuing new opportunities.
co-designing and co-creating innovative funding proposals and submitting funding applications to
secure much needed resources in meeting the organisation's charitable mission.
We had to weather the storm of Covid, forging ahead during the tumultuous times of the pandemic.
The strains of the pandemic, coupled with the current challenging economic conditions and
govemment funding cuts, continue to have a profound impact on marginalised young people and their
communities.
We know the power of arts - how it transcends language and cultural barriers allowing us to connect
with diverse communities, building relationships and partnerships to work together to support the
creative needs of the young people across Northem Ireland.
We knew that the current economic turmoil. rising inflation, the increasing cost of living and energy
crisis, compounded by the uncertainties surrounding the Nl Executive, with the current devolved
government, protocol matters and governments future spending and priorities unresolved will have a
direct impact on the arts and Ihird sector. Yet due to the dedication and hard work from the staff and
artists, support from the ACNI, BCC, CIN and Nl Executive, we were fortunate to secure much needed
funding and also increase service income during 2022-23. In 22-23 our turnover was down by 10 /0
which was £443,950 and this meant a reduction of 6°/0 in artists artistslfacilitstors contracts which was
£84.437.
Going fomard. we will continue to advance our strategic visions by sharpening our focus on the needs
of the young people, co-designing creative activities that are of interest to young people. increasing
income for the freelance artists, championing the value of our creative sector and developing and
supporting the workforce to enable the organisation to remain innovative, transformative and continue
to engage and inspire young people and their communities.
With support from our core funders and strong leadership from our trustees, staff, artistslfacilitators,
and volunteers we hope to overcome the increasing sense of uncertainty, cuts in funding, increased
crisis and need for support at grassroot level which our sector is currently experiencing. These
services being offered in the local communities are essential to ensure inclusion, accessibility, equality
and hope for the disadvantaged young people and their communities across Northern Ireland
Reserves policy and going concern
Reserves are needed to bridge the timing gap between spending and receiving of income and to cover
unplanned temporary Shortfalls in income should they arise. Holding adequate reserves safeguards
the provision of our services in the event of unexpected significant financial pressures. Given the
current economic uncertainties experienced by organisations like our5 due to high inflation, lack of
devolved government in Northern Ireland. cost of living and energy crisis including funding Guts, hence
the trustees consider that the ideal level of reserves to now be between six to nine months
expenditure, which for the year ended 31 March 2023 would be be￿een £210.316 and £ 315,474.
Unrestricted reserves freely available to spend. therefore excluding fixed assets, restricted reserves
and designated reserves amounted to £277.708. The trustee5 believe this represents a sufficient level

Wheelworks
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continugdj
Year ended 31 March 2023
of reserve to ensure that the going concern assumption is appropriate. Wheelworks have designated
£65,000. Designated reserves are allocated as below-
Improve Environmental Impact- £5,000
Staff Health Benefit: £5,000
IT and cyber security: £5,000
Capital cost: £10,000
Cost of living crisis and Salary support Cost.. £40,000

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continuedj
Year ended 31 March 2023
Plans for future periods
Way Forward
Reflecting on the period 2020-2022, we Stand proud of our achievements. We weathered the storm of
Covid, forging ahead during the tumultuous times of the pandemic. The strains of the pandemic,
coupled with the current challenging economic conditions and government funding cuts, have had a
profound impact on marginalised young people and their communities. This insight stems from our
recent consultations, regular feedback, and planned strategic sessions.
Our priority is not just the growth and strenglh of our organisation but making sure thal we engage
with those young people who, because of the pandemic and now Ihe cost-of-living crisis and reduction
in youth-led extracurricular provisions, have found themselves more vulnerable or unsupported.
In this pursuit of a brighter future, let us not underestimate the value of art and creativity. Art is a
powerful force that has the potential to transform lives, uplift spirits, and bridge gaps. It is through art
that we want the young people and Iheir communities to share and express their feelings and
interests, as it has an unparalleled ability to engage. inspire. express. and connect. To achieve this,
we will need to respond to the changing needs. be flexible, work together with the arts community and
creative sector and collectively take actions in promoting wellbeing, arts, and creativity. We will
continue to be strategic, plan and secure proper support which can help in protecting and progressing
the work we offer to the young people and their communities. In the short to medium term our effort
will be on three key strategic areas shared below-
l. Advance visual and digital arts for skills, education and well-being for young people
Continue to monitor, review. develop and deliver the Trailblazer, ChillCartlFuture Focus and
StepTogether programmes to and for young people.
Continue to engage with local partners to design and secure funding to commence the
iProgramme for looked after and trauma experienced young people
Continue to reach out and establish collaboration with local groups to Use the Chillcart equipped
with its digital arts and tech led activities to support on the street and at risk disengaged young people
particularly in interface areas, areas of high tension and areas experiencing increased anti-social
behaviours.
Continue to collaborate with local universities and colleges to research and develop arts and
technology led innovative offers that inspires young people to share their positive experiences with
their peers and wider community.
Offer work experience opportunities for knowledge sharing with young people in tertiary education.
Identify and engage new artists to further expand WWA'S network of creatives and facilitators to
staff its programmes.
iwill Volunteers collaborating with innovation officers to test and design offers for the young
people. It is to increases arts participation, wellbeing, and personal development amongst the young
volunteers taking part in the in the programme. We conlinue to be influenced by young people in the
design, delivery. and evaluation of the programmes.
Collaborate with artists to design new digital arts led programmes to develop digital skills,
education and opportunities for younger people.
Employment of innovation officers to develop digital activities for young people, monitor
technological development and promote best practice.
2. Develop a creative space and diversify income generation
Continue to engage with arts practilionerslyouth facilitators and support them to use our creative
space to test out their own practices and support local talent.

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj
Year ended 31 March 2023
Continue to partner with local and umbrella organisations (e.g. groups, forums, alliances} to
advance mutual benefits of shared spaces
Launch of the Tech Studio Skills Share {TS3) programme to offer training and digital arls led
courses to business and third sector clients.
Development of the Changemaker Programme to promote equality, diversity and inclusion (EDI)
through coaching and arts led training for staff development in public, third and private sector
organisations.
Promote Tech Studio at WWA'S officers as an art studio and space for external organisations to
rent for meetings and other activities
3. Promote organisational stabilily, WWA'S external influence and public visibility
Appointment of audience development officer to support reaching out to new and strengthening
partnerships with existing audiences.
Appointment of comms officer to hand PR, social media and communications co-ordinalion.
Hold annual away days with slaff. board members, volunteers, artists and other stakeholders to
review strategic objectives, activity operating environment and plan agreed ways fo￿ard.
Installing and implementing the Upshot monitoring and evaluation system.
Establishment of the Creative Works Podcast to promote awareness of VVWA'S work and the value
of arvcreativity through interviewing opinion leaders. artists and decision makers.
Expand new communicalions platforms to tell WWA'S story to wider audiences including Creative
Works Podcast, news section on website and Creative Works Newsletter.
Conduct annual consultations with stakeholders and young people to ensure their voices and
perspectives are reflected in WWA'S work.
We believe in the young people of Northem Ireland, and our programmes will help them realise their
own potential through creative expression. digital story sharing, and arts activity. In this challenging
landscape, we are collaborating closely with our grassroots partners to maintain the continuity of
services. We are committed to advancing our co-design model of participation with young people. We
acknowledge Ihat this endeavour is far from straightforward.
As part of the process of building resilience and continuing to progress this strategy will enable
Wheelworks to move forward, continue to adapt. be innovative and stay relevant with the target
groups wishes and ambitions.
Trustees. responsibilitles statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in aGGordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources. including the income and expenditure. for that period.
10

Wheelworks
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
In preparing these financial statements, the trustees are required to-
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable sleps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that-
so far as they are aware, there is no relevant audit information of which the charity's auditor is
unaware.. and
they have laken all steps that they ought lo have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that
information.
The trustees. annual report and the strategic report were approved on 28 November 2023 and signed
on behalf of the board of trustees by:
J Mills
Trustee
M Duffy
Trustee
11

Wheelworks
Company Limited by Guarantee
Independent Auditor's Report to the Members of Wheelworks
Year ended 31 March 2023
Opinion
We have audited the financial statements of Wheelworks (the 'charity'l for the year ended
31 March 2023 which comprise the stalement of financial activities (including income and expendilure
account), statement of financial position and the related notes, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards. including FRS 102 The FinanGial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements-
give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its
incoming resources and application of resources, including its income and expendilure. for Ihe
year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance wilh International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to
events or conditions that. individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of Ihis report.
12

Wheelworks
Company Limited by Guarantee
Independent Auditor's Report to the Members of Wheelworks (continued)
Year ended 31 March 2023
Other Information
The other information comprises the information included in the annual report, other than the financial
slatements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent
othe￿iSe explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whelher the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatèment in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial statements., and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have nol identified material misstatements in the trustees. report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if. in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not
been received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit.
13

Wheelworks
Company Limited by Guarantee
Independent Auditor's Report to the Members of Wheelworks (contlnued)
Year ended 31 March 2023
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, malters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative bul to do so.
14

Wheelworks
Company Limited by Guarantee
Independent Auditor's Report to the Members of Wheelworks (continued)
Year ended 31 March 2023
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibililies, outlined above, to detect material misslatemenls in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularilies, including fraud is detailed below-
In identifying and assessing risks of material misstatement in respect of irregularities. including fraud
and non-compliance with laws and regulations, we considered the following
the nature of the industry and sector. control environment and business perfomiance including the
design of the remuneration policies, key drivers for directors, remuneration, bonus levels and
performance targets.
results of our enquiries of management about their own identification and assessment of the risks
of I￿egular1ties.
any matters we identified having obtained and reviewed documentation of their policies and
procedures relating to-
identifying, evaluating and complying with laws and regulations and whether
management were aware of any instances of non-compliance.,
detecting and responding to the risks of fraud and whether management have knowledge
of any actual, suspected or alleged fraud.,
the internal conlrols established to mitigate risks of fraud or non-compliance with laws
and regulations.
the matters discussed among the audit engagement team including significant component audit
teams and relevant internal specialists, including tax and valualions specialists regarding how and
where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within
the organisation for fraud and identified Ihe greatest potential for fraud. In common with all audits
under ISAS (UK), we are also required to perform specific procedures to respond lo the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on
provisions of those laws and regulations that had a direct effect on the determination of malerial
amounts and disclosures in the financial statements. The key laws and regulations we considered in
this context included ongoing compliance with the UK Companies Act and lax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental for their ability to operate or to
avoid a material penalty.
15

Wheelworks
Company Limited by Guarantee
Independent Auditor's Report to the Members of Wheelworks (continued)
Year ended 31 March 2023
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statemenls, whether due to
fraud or error. design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion. forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees. use of the going concem basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions may cause the charity
to cease to continue as a going Goncern.
Evaluate the overall presentation. structure and content of the financial statements, including the
disclosures, and whether the financial stalements represent the underlying transactions and
events in a manner that achieves fair presentation.
16

Wheelworks
Company Limited by Guarantee
Independent Auditor's Report to the Members of Wheelworks (continued)
Year ended 31 March 2023
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies AGt 2006. Our audit work has been undertaken so that we might state to the
charity's members those matters we are required to stale to them in an auditor's report and for no
other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to
anyone other than the charily and the charity's members as a body, for our audit work, for this report,
or for the opinions we have formed.
Paul Dolan (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory audilor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
28 November 2023
17

Wheelworks
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds
2022
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
Other income
87
6,005
87
384,125
22
439,010
120
48,089
378,120
59,018
59,018
Total income
65.110
378.120
443,230
487,241
Expenditure
Expenditure on charitable activities
Total expenditure
58,174
362,458
420,632
431,265
58,174
362,458
420,632
431,265
Net income
6.936
15,662
22,598
55,976
Transfers between funds
18,058
{18,058)
Net movement in funds
24,994
(2,396)
22.598
55,976
Reconciliation of funds
Total funds brought forward
Total funds carried forward
356,806
6,488
363,294
307,318
381,800
4.092
385,892
363,294
The statement of financial activities includes all gains and losses reGognised in the year.
All income and expenditure derive from conlinuing activities.
The notes on pages 20 to 29 form part of these financial statements.
18

Wheelworks
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
14
39,092
52,093
Current assets
Debtors
Cash at bank and in hand
15
146.187
209,468
119,444
202,227
355,655
321,671
Credltors: amounts falling due within one year
Net current assets
16
8.855
10,470
346,800
311,201
Total assets less current liabilities
385,892
363,294
Net assets
385,892
363,294
Funds of the charity
Restricted funds
Unrestricted funds
4,092
381,800
6.488
356,806
Total charity funds
18
385,892
363,294
These financial statements were approved by the board of trustees and authorised for issue on 28
November 2023, and are signed on behalf of the board by-
(kk-LqLo
M Duffy
Trustee
J Mills
Trustee
The notes on pages 20 to 29 fomi part of these financial statements.
19

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 4c Weavers Court Business Park, Linfield Industrial Estate, Linfield Road, Belfast, BT12 5GH.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation unGertainty
The preparation of the financial statemenls requires management to make judgements,
estimates and assumptions that affect the amounts reported. These eslimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes- reslricted income funds or
endowment funds.
20

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements {contlnued)
Year ended 31 March 2023
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entillement has
passed to the Charity- it is probable that the economic benefits associated with the transaction
will flow to the charity and Ihe amounl can be reliably measured. The following specific policies
are applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which Gase the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is Glassified as unrestricled funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates-
expenditure on raising funds includes the costs of all fundraising aGtivities, events,
non-charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charilable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistenl basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any langible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
21

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting pollcles (continued)
Tangible assets (eontlnued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses. unless it reverses a charge for impairment that has previously been
recognised as expenditure within the stalement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual
value, over the useful economic life of that asset as follows..
Fixtures and fittings
Motor vehicles
Equipment
25 % straight line
25°/o Straight line
33 % straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit lo which the asset belongs. The cash-generating unit is the smallest
identifiable group of assels that includes the assel and generates cash inflows that largely
independent of the Gash inflows from other assets or groups of assets.
For impairment tèsting of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial assel or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial inslruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
22

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements {continuedJ
Year ended 31 March 2023
Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrumenl.
other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under Ihe appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assels are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to Ihe extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the disGount is recognised as an expense in
the period in which it arises.
Limited by guarantee
Wheelworks is a company limited by guarantee and has no share capital. In the event of the
charity being wound up, the liability in respect of the guarantee is limited to £1 per member of Ihe
charity
23

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Donations
Donations
87
87
22
22
Charitable activitles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Halifax
TBUC
Arts Council of Northern Ireland
Belfast City Council
BBC Children in Need
Nl Housing Executive
Education Authority
European Social Fund
500
217.755
108,706
11.000
35.489
4,670
500
217,755
108.706
11,000
35,489
4.670
6,005
6,005
6,005
378,120
384,125
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Halifax
TBUC
Arts Council of Northern Ireland
Belfast City Council
BBC Children in Need
Nl Housing Executive
Education Authority
European Social Fund
4,195
243,558
95,000
12,515
44,099
15.308
10.460
4.195
243,558
95,000
12,515
44,099
15,308
10,460
13,875
13,875
13,875
425,135
439,010
Investment income
UnrestriGted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank Interest Receivable
120
120
24

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements (contlnugd)
Year ended 31 March 2023
Other Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Other income
59.018
59.018
48,089
48,089
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2023
Total fund
2022
Charitable activities
Governance costs
303,133
114.159
3,340
417.292
3.340
427,988
3,277
303.133
117,499
420,632
431,265
10. Analysis of support costs
Analysis of
support costs Total 2023 Total 2022
Staff costs
Premises
Communications and IT
General office
Finance costs
Governance costs
76,389
22,345
11.385
3,904
136
3,340
76,389
22,345
11,385
3,904
136
3.340
80,612
20,389
8,863
12.883
97
3,277
117,499
117,499
126,121
11. Net income
Net income is stated after chargingllcrediling)-
2023
2022
Depreciation of tangible fixed assets
Fees payable for the audit of the financial statements
31,059
3,340
37,079
3,277
12. Staff costs
The total staff costs and employee benefits for Ihe reporting period are analysed as follows-
2023
2022
Wages and salaries
Social security costs
Employer contributions to pension plans
174.082
8.230
7,333
168,734
13,963
6,537
189,645
189,234
25

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements {continued)
Year ended 31 March 2023
12. Staff costs (continued)
The average head count of employees during the year was 10 {2022: 9).
No employee received employee benefits of more than £60.000 during the year (2022: Nil}.
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the aclivities of the charity. The total compensation paid to key
management personnel for seNices provided to the charity was £45.934 (2022.'£52,888).
13. Trustee remuneration and expenses
No trustee received remuneration or reimbursement for expenses during the year. (2022- £Nil)
14. Tangible fixed assets
Fixtures and
fittings
Motor
vehicles
Equipment
Total
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
62,431
378,166
131,502
18,058
(18.875)
130.685
572,099
18,058
118,875)
571,282
62,431
378,166
Depreciation
At l April 2022
Charge for the year
Disposals
At 31 March 2023
62,431
378,166
79,409
31,059
(18,875)
91,593
520.006
31,059
{18,875)
532,190
62,431
378,166
Carrying amount
At 31 Mar¢h 2023
39.092
39.092
At 31 March 2022
52,093
52,093
15. Debtors
2023
2022
Trade and other debtors
146,187
119,444
146,187
119,444
26

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
16. Creditors: amounts falling due within one year
2023
2022
Trade creditor5
Accruals and deferred income
Social security and olher taxes
Other creditors
4,194
3,340
2,658
3,305
1,392
3,115
1.321
8.855
10,470
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £7,33312022- £6,537).
18. Analysis of charitable funds
Unrestricted funds
At
1 April 2022
At 31 March
2023
Income Expenditure
Transfers
General funds
Designated Funds
296,806
60,000
65,110
(58,174)
13,058
5,000
316,800
65,000
356,806
65,110
158.174)
18,058
381,800
At
1 April 2021
At 31 March
2022
Income Expenditure
Transfers
General funds
Designated Funds
253.910
50.000
62.106
{37,987)
18,777
10,000
296,806
60,000
303,910
62,106
{37,987}
28.777
356.806
The trustees have designated funds of £65,000 for future IT, Gapital. salary and strategic support
costs (page 6>.
27

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements {GontinuedJ
Year ended 31 March 2023
18. Analysis of charitable funds (contlnuedj
Restricted funds
At
1 April 2022
At 31 March
2023
Income Expenditure
Transfers
Children in Need
Education Authority
Belfast City Council
Arts Council Northern
Ireland
TBUC
Halifax
Nl Housing Executive
2,293
35,489
137.782)
11.000
111,000)
108,706
217,755
500
4,670
191,654}
(212,6571
14,6951
(4,6701
(362,458)
(12,960)
(5,098)
4,092
4,195
6,488
378,120
(18,0581
4,092
At
1 April 2021
At 31 March
2022
Income Expenditure
Transfers
Children in Need
Education Authorily
Belfast City Council
Arts Council Northern
Ireland
TBUC
Halifax
Nl Housing Executive
3.408
44,099
10,460
12,515
(45,214)
{10,460)
(12,515)
2,293
95,000
243,558
4.195
15,308
(78.450)
{231,331)
{16,550)
{12,227)
4,195
115.308)
{393,2781
3,408
425,135
(28,777)
6,488
Transfers have taken place in the year which relates to fixed assets. Wheelworks used funding to
purchase assets which have been transferred to Unrestricted Funds as Wheelworks fully own the
assets, no restrictions have been placed on these assets.
28

Wheelworks
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2023
19. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
39.092
351,563
{8,855)
381,800
39,092
355,655
{8,8551
385,892
4,092
4,092
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
52.093
315,183
110,4701
356,806
52,093
321,671
110,4701
363.294
6,488
6,488
20. Taxation
The Company is a registered charily, and as such is entitled to tax exemptions on income and
profits in furtherance of the charity's primary objectives.
21. Contingencies
A contingent liability exists to repay grants and Trust monies received should certain conditions
not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offers
have been, or will be, complied with and no liability is expected.
22. Related parties
Trustee expenses incurred during the year totalled £350. {2022.. £200>
29

Wheelworks
Company Limited by Guarantee
Management Information
Year ended 31 March 2023
The following pages do not form part of the financial statements.
30

Wheelworks
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2023
2023
2022
Income and endowments
Donations and legacies
Donations
87
22
Charitable activities
Halifax
TBUC
Arts Council of Northern Ireland
Belfast City Council
BBC Children in Need
Nl Housing Executive
EdLrcation Authority
European Social Fund
500
217,755
108,706
11,000
35.489
4,670
4.195
243,558
95,000
12,515
44.099
15,308
10,460
13,875
6,005
384.125
439,010
Investment income
Bank Interest Receivable
120
Other income
other income
59,018
48,089
Total income
443,230
487,241
31

Wheelworks
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2023
2023
2022
Expenditure on charitable activities
Charitable activities
Activities undertaken directly
Project Salaries
Employer Nl Contribution
Pension Costs
Equipment and materials
Artists and Freelancer
Production cost and Events
General expenses
Art Cart running costs
Consultancy and legal fees
Depreciation
PR and marketing
97,693
8.230
7,333
21,036
84,437
14,398
13,103
20,199
88,122
13,963
6,537
6,360
90,486
24.082
15.746
16,807
1,696
37.079
4,266
31,059
5,645
303,133
305,144
Support costs
Core wages
Rent
Insurance
Telephone and postage
76,389
19,800
2,545
3,340
8,045
136
958
1,183
1,763
80,612
18.480
1,910
2.722
6,140
97
10,245
1.843
795
Bank interest and charges
Room Hire
Subscriptions & Memberships
General Expenses
114,159
122,844
Governance costs
Auditor Remuneration
3.340
3,277
Expenditure on charitable activities
420,632
431,265
Net income
22.598
55.976
32