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REGISTERED COMPANY NUMBER: 03323024 (England and Wales)
REGISTERED CHARITY NUMBER: 1060980







Report of the Trustees and

Financial Statements for the Year Ended 31st March 2023

for

Worcester Wheels

Worcester Wheels






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 5

Independent Examiner's Report 6

Statement of Financial Activities 7

Balance Sheet 8

Notes to the Financial Statements 9 to 18

Worcester Wheels

Reference and Administrative Details
for the Year Ended 31st March 2023



TRUSTEES Ms M J Sacharin (resigned 26.10.23)
Mr G Heath (Chair)
Ms L McCall
Mr P J Burgess
Mr B Mallette (Vice Chairman) (resigned 28.7.23)
Mr P Ball (resigned 30.6.22)
Mr R Auger Chairman (appointed 1.12.22)
Mr T Organ Vice Charirman (appointed 1.11.22)


REGISTERED OFFICE Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU


PRINCIPAL ADDRESS Unit 13
Checketts Lane Industrial Estate
Checketts Lane
Worcester
Worcestershire
WR3 7JW


REGISTERED COMPANY NUMBER 03323024 (England and Wales)


REGISTERED CHARITY NUMBER 1060980


INDEPENDENT EXAMINER The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU


SOLICITORS Hallmark Whatley Hulme LLP
3-5 Sansome Place
Worcester
WR1 1UQ


BUSINESS MANAGER Mr D Cook

Worcester Wheels (Registered number: 03323024)

Report of the Trustees
for the Year Ended 31st March 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects are:

-to promote any charitable purposes for the benefit of the community in the city of Worcester district and its neighbourhood and, in particular, the advancement of education, the protection of health and the relief of poverty, distress and sickness; and
-to provide transport facilities in the area of benefit for people who have special need of such facilities because they have mobility impairments, they are elderly, poor or disabled, children, people with young children or those living in isolated areas where there are no adequate public transport facilities.

We seek to achieve this through:

-the provision of a high quality, responsive, door to door transport/escort service which takes account of individual service users' needs, to help them stay healthy and remain socially active;
-taking vulnerable students to and from school/college to help them stay in education; and
-providing individuals with the opportunity to volunteer their time and skills to make a contribution to their local community.

Significant activities
Our services, which we operate throughout the city of Worcester and local surrounding villages, include:

-Community Transport Schemes
We have a contract with Worcestershire County Council to run its community transport services.

-Dial a Ride
We provide a ‘Dial a Ride’ service between 8am and 4:30pm. We have a fleet of vehicles including minibuses and people carriers, all with tail lifts. We ensure those who have difficulty accessing public transport receive transport suitable to their needs. We provide transport to and from GP surgeries, dental appointments, lunch cubs, day centres, visiting friends and family and so much more.

-Group Bookings
We provide group bookings at affordable prices to and from places such as day trips, holidays in the UK, parties and events.

-Monthly Parties
We arrange monthly events both onsite and offsite. We provide transport, arrange a light buffet lunch, entertainment and often a game or two of bingo.

Public benefit
The trustees have complied with their duty under Section 17(5) of the 2011 Charities Act to have due regard to the guidance on public benefit published by the Charity Commission when deciding what activities the Charity should undertake.


Worcester Wheels (Registered number: 03323024)

Report of the Trustees
for the Year Ended 31st March 2023

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Number of members using the service in 22/23 was 896 (21/22 - 598).

Number of new members enrolled in 22/23 was 457 (21/22 - 331).

Volunteer Support:

20232022

Drivers and PAs 3833
Private Car Drivers1014
Administrative Support 109
5856

In 22/23 we travelled over 221,000 miles (21/22 - 180,000 miles):

20232022

Private Cars54,13545,594
Minibus/MPV 167,809137,346
Total Vehicle Mileage221,944182,940

Over 20,000 individual journeys, broken down as follows:

20232022

Hospital appointments1,587981
GP surgery appointments1,269848
Other medical appointments1,2771,120
Day Centre/Clubs etc.11,2458,036
Social/Shopping etc.5,2113,642
Total passenger single journeys20,58914,627

Once again, we have enjoyed a successful year of growth and further development of our operations. Post pandemic, we set ourselves a cautious but challenging recovery budget in 21/22 which we achieved, and in 22/23 we have built on this foundation with a number of exciting developments and a small surplus.

We continue to enjoy the support of the City and County Council, for the provision of school services and we have also seen the continuance of the local, council supported, community bus services in Norton and Peopleton.

We have also entered into contracts with new partners, NewMedica and St Richards Hospice for the provision of transport services.

As the lease on our current premises expired in May 2022 we negotiated with our current landlord for a newly refurbished unit and additional parking on our existing site at Checketts Lane Industrial Estate. This move has enabled us to create an office space more suited to our needs and also the addition of a portable office which is used for our hub activities. The new office environment has had a very positive impact on staff morale.

Our day trips, party events and hub activities have proved very popular amongst our clients and have contributed to the increase in our Dial A Ride activity.

Once again, we have been very fortunate to receive a substantial legacy from the estate of a former customer, Miss Irene Haynes, and we continued to pursue several grant applications.

On the expenses front, we suffered severe delays on the delivery of 2 replacement vehicles which we had planned to replace in the early part of 2022. These were not received during the 22/23 year of account and resulted in significant additional costs of repairs to our ageing fleet and additional short term rental charges. The volatile price of fuel was a further cost that the business had to absorb. The relocation and refurbishment of the office premises has also had an impact on our financial result.


Worcester Wheels (Registered number: 03323024)

Report of the Trustees
for the Year Ended 31st March 2023

There is no reason to suppose that our operation will not continue to grow as demand for our service increases and we now have the facilities and resources to meet this demand.

FINANCIAL REVIEW
Financial position
The results for the year and financial position of the company are as shown in the Statement of Financial Activities and Balance Sheet.

Total income from charitable activities received during the year was £465,532 compared to £396,799 last year, with the increase largely being due to a new monthly bus service provided to a private individual.

Total expenditure has increased from £361,236 last year to £457,836 this year, with the increase being mainly due to increased wages.

At the year end the charity held unrestricted funds of £343,755 (2022 - £353,022), of which £137,113 (2022 - £49,802) was held as tangible fixed assets, leaving £206,642 (2022 - £303,220) available funds.

At the year end the charity held restricted funds of £34,202 (2022 - £17,239).

Note that the split of funds between restricted and unrestricted funds has been restated. Please refer to note 21 for further details.

Reserves policy
The Board aims to keep a reserve of unrestricted funds (excluding funds held within tangible fixed assets) equivalent to at least three months ongoing expenditure. This reserve is held in case of either a sudden loss of funding or incurring of unexpected expenditure, in order to ensure that in such circumstances the charity could continue to operate as a going concern.

Following the charity making significant improvements to their leasehold property in the year funded primarily out of unrestricted reserves, as well as an increase in expenditure in the year, the level of unrestricted funds (excluding fund held within tangible fixed assets) has fallen to approx. 9 months of expenditure for the year, compared to 12 months last year. This level of reserves is considered consistent with the Board's stated reserves policy.

STRUCTURE, GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The charity is a company limited by guarantee which is governed by its Memorandum and Articles of Association adopted on 1 April 1997 and amended on 13 November 2003, 19 April 2005 and 28 June 2018.

In accordance with Section 60(1)(a) of the Companies Act 2006, the company is exempt from the requirements of that Act to include 'Limited' as part of its name.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as members of the Board. Under the requirements of the Memorandum and Articles of Association the members of the Board are elected to serve for a period of three years, after which they must be re-elected at the next annual general meeting.

The trustees are appointed at the Annual General Meeting to ensure that the Board represents a cross section of the community including other voluntary organisations, local authorities and individuals with relevant professional backgrounds.

Trustees are openly recruited from members of the public and from individuals/organisations who are associate members. An assessment of member skills is undertaken annually to determine any gaps in skills which would assist the Board to function more effectively.

Decision making
The Board meets every two months.

There is an Annual General Meeting organised each year to enable members and others to review activity.

The Business Manager has delegated authority, under terms approved by the Board, for all day to day activity including financial, employment and staff supervision, but has to present a report at each meeting of the Board.


Worcester Wheels (Registered number: 03323024)

Report of the Trustees
for the Year Ended 31st March 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
New trustees are provided with copies of the most recent annual report and accounts, a role description of the responsibilities of a trustee, a copy of the Memorandum and Articles of Association of Worcester Wheels, copies of recent minutes of meetings and a copy of the Charity Commission publication, "Responsibilities of Charity Trustees". New trustees also receive an induction session undertaken by the Chair and the Clerk to the Trustees.

New trustees are asked to consider any potential conflict of interest and these are recorded as appropriate.

RISK ASSESSMENT
A formal Risk Register is maintained and reviewed at every Board meeting. This enables the trustees' to review the risks to which the charity might be exposed as identified by the trustees, and has established systems and procedures to manage those risks.

QUALIFYING THIRD PARTY INDEMNITY PROVISIONS
The charitable company has made third party indemnity provisions for the benefit of its directors during the year and these provisions remain in force at the reporting date.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 26th October 2023 and signed on its behalf by:





Mr G Heath - Trustee

Independent Examiner's Report to the Trustees of
Worcester Wheels

Independent examiner's report to the trustees of Worcester Wheels ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Melissa Jean Godwin ACCA

The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

29th November 2023

Worcester Wheels

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31st March 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 18,545 42,547 61,092 57,806

Charitable activities 6
Charitable Activities 395,531 - 395,531 336,651

Other trading activities 4 6,976 - 6,976 1,768
Investment income 5 1,933 - 1,933 574
Total 422,985 42,547 465,532 396,799

EXPENDITURE ON
Raising funds 1,632 532 2,164 1,238

Charitable activities 7
Charitable Activities 436,667 19,005 455,672 359,998
Total 438,299 19,537 457,836 361,236

NET INCOME/(EXPENDITURE) (15,314 ) 23,010 7,696 35,563
Transfers between funds 19 6,047 (6,047 ) - -
Net movement in funds (9,267 ) 16,963 7,696 35,563

RECONCILIATION OF FUNDS
Total funds brought forward 353,022 17,239 370,261 334,698

TOTAL FUNDS CARRIED FORWARD 343,755 34,202 377,957 370,261

Worcester Wheels (Registered number: 03323024)

Balance Sheet
31st March 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 14 137,112 - 137,112 49,801
Investments 15 1 - 1 1
137,113 - 137,113 49,802

CURRENT ASSETS
Debtors 16 58,345 - 58,345 90,917
Cash at bank and in hand 160,367 34,202 194,569 262,818
218,712 34,202 252,914 353,735

CREDITORS
Amounts falling due within one year 17 (12,070 ) - (12,070 ) (33,276 )

NET CURRENT ASSETS 206,642 34,202 240,844 320,459

TOTAL ASSETS LESS CURRENT LIABILITIES 343,755 34,202 377,957 370,261

NET ASSETS 343,755 34,202 377,957 370,261
FUNDS 19
Unrestricted funds 343,755 353,022
Restricted funds 34,202 17,239
TOTAL FUNDS 377,957 370,261

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 26th October 2023 and were signed on its behalf by:





Mr G Heath - Trustee

Worcester Wheels

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

Worcester Wheels is a charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found on the Reference and Administrative Details page. The members of the company are the trustees named in the Report of the Directors. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The charity is exempt from preparing a cashflow statement because it is not a larger charity.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Worcester Wheels as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

INCOMING RESOURCES
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Income from grants and donations is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income from grants is only deferred when the charity has to fulfil conditions not yet met before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Legacies are recognised when probate is granted and there is sufficient information to measure them. Where there is insufficient information to reliably measure any outstanding legacies, these are instead treated as contingent assets (and details of any such legacies will be disclosed in the notes to these financial statements).

Income relating to services provided in the course of undertaking direct charitable activities represents the value of services provided to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Income from attendance of fundraising events is recognised when such events occur.

RESOURCES EXPENDED
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable activity costs are the costs of fulfilling the objects of the charity. Governance costs are those incurred in connection with compliance with constitutional and statutory requirements.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Improvements to property - 16.67% on cost and 5% on cost
Office Equipment - 20% on cost
Motor vehicles - 25% on reducing balance

Assets are included at cost and any capital expenditure less that £500 is not capitalised.


Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued

TAXATION
The company is a registered charity thus is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING
General Funds are unrestricted funds which are available for the use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

PENSION COSTS
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

FINANCIAL INSTRUMENTS
The charity has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the charity becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.

INVESTMENTS
The investment in the subsidiary company, Worcester Volunteer Centre Limited, is included at cost.

LEASING COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

3. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 7,451 2,748
Legacies 10,094 25,000
Grants 43,547 30,058
61,092 57,806

Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

3. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

2023 2022
£    £   
The Eveson Charitable Trust 25,000 15,001
National Lottery 10,000 10,000
Bernard Sunley Foundation 5,000 -
Worcester City Council - 2,200
Asda Foundation 2,000 -
Gannet Foundation 1,047 -
Arnold Clark - 1,000
Tesco - 1,000
Newmedica 500 -
Waitrose - 500
Droitwich Spa & Rural Council - 283
Worcester Community Lottery - 74
43,547 30,058

4. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Income from fundraising events 6,976 1,768

5. INVESTMENT INCOME
2023 2022
£    £   
Bank interest 1,933 574

6. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Charitable Total
Activities activities
£    £   
Fares 127,709 122,271
Membership fees 140 1,420
Service contracts 225,519 170,980
Grants 42,004 40,011
Sundry income 159 1,969
395,531 336,651

Grants received, included in the above, are as follows:
2023 2022
£    £   
Worcester City Council 19,236 18,948
Worcester Community Transport Partnership 16,369 16,198
Department of Transport 6,399 4,865
42,004 40,011


Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

7. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 8) note 9) Totals
£    £    £   
Charitable Activities 288,991 166,681 455,672

8. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
£    £   
Staff costs 130,133 119,261
Volunteer car drivers' reimbursements 22,385 19,440
Vehicle running costs 118,188 79,648
Volunteers' and staff expenses 6,144 2,756
Depreciation 12,141 16,815
288,991 237,920

9. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Charitable Activities 161,379 5,302 166,681

Support costs, included in the above, are as follows:

MANAGEMENT
2023 2022
Charitable Total
Activities activities
£    £   
Wages 96,577 59,127
Social security 3,669 1,348
Pensions 2,227 1,518
Rent 15,160 15,000
Insurance 919 1,174
Electricity and water 5,659 4,849
Telephone 3,409 2,407
Postage and stationery 2,500 1,378
Advertising 1,150 2,230
Consultancy 300 3,900
Cleaning and maintenance 8,074 4,576
Training 1,720 1,805
Computer 6,703 7,369
DBS checks 737 1,180
Subscriptions 255 255
Office equipment rental 3,814 7,171
Bank charges 944 726
Sundry 841 948
Depreciation 6,721 265
161,379 117,226

Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

9. SUPPORT COSTS - continued
GOVERNANCE COSTS
2023 2022
Charitable Total
Activities activities
£    £   
Legal and professional fees 618 420
Bookkeeping 1,670 1,580
Independent examination costs 3,014 2,852
5,302 4,852

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 18,861 17,080
Independent examiner’s fee in respect of external scrutiny 2,430 2,310
Independent examiner's fee in respect of other assurance services 372 360
Independent examiner's fee in respect of other financial services 212 182
Rents paid under operating leases 23,780 23,700

11. TRUSTEES' REMUNERATION AND BENEFITS

During the year gross wages of £nil (2022 - £2,784) was paid to L McCall, a trustee of the charity, in respect of her role of staff member (and not in respect to her role as trustee), as permitted by the charity's Memorandum and Articles of Association.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.


12. STAFF COSTS
2023 2022
£    £   
Wages and salaries 223,073 176,226
Social security costs 7,306 3,510
Other pension costs 2,227 1,518
232,606 181,254

The average monthly number of employees during the year was as follows:

2023 2022
Employees 18 16

No employees received employee benefits (excluding employer pension and employer N.I. costs) of more than £60,000 in either the current or previous years.

Trustee remuneration
Total remuneration paid to trustees during the year in respect of their role as staff member (and not in respect to their roles as trustees) was £nil (2022 - £2,784).

Key management personnel
Total remuneration (including employer pension and employer N.I. costs) paid to key management personnel totalled £34,061 (2022 - £32,792).

Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 45,306 12,500 57,806

Charitable activities
Charitable Activities 336,651 - 336,651

Other trading activities 1,768 - 1,768
Investment income 574 - 574
Total 384,299 12,500 396,799

EXPENDITURE ON
Raising funds 1,238 - 1,238

Charitable activities
Charitable Activities 356,094 3,904 359,998
Total 357,332 3,904 361,236

NET INCOME 26,967 8,596 35,563


RECONCILIATION OF FUNDS
Total funds brought forward 326,055 8,643 334,698

TOTAL FUNDS CARRIED FORWARD 353,022 17,239 370,261

14. TANGIBLE FIXED ASSETS
Improvements
to Office Motor
property Equipment vehicles Totals
£    £    £    £   
COST
At 1st April 2022 - 2,204 238,123 240,327
Additions 101,264 4,908 - 106,172
Disposals - (312 ) - (312 )
At 31st March 2023 101,264 6,800 238,123 346,187
DEPRECIATION
At 1st April 2022 - 964 189,562 190,526
Charge for year 5,863 857 12,141 18,861
Eliminated on disposal - (312 ) - (312 )
At 31st March 2023 5,863 1,509 201,703 209,075
NET BOOK VALUE
At 31st March 2023 95,401 5,291 36,420 137,112
At 31st March 2022 - 1,240 48,561 49,801


Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

15. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
MARKET VALUE
At 1st April 2022 and 31st March 2023 1
NET BOOK VALUE
At 31st March 2023 1
At 31st March 2022 1



The company's investments at the balance sheet date in the share capital of companies include the following:

Worcester Volunteer Centre Limited
Registered office: Unit 13, Checketts Lane Industrial Estate, Checketts Lane, Worcester, WR3 7JW
Nature of business: Dormant company
%
Class of share: holding
Ordinary £1 100
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 1 1

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,793 30,260
Other debtors - 49
Prepayments and accrued income 18,552 60,608
58,345 90,917

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,558 21,175
Social security and other taxes 195 -
Pension creditor 477 386
Accruals 4,772 11,715
Deferred income 1,068 -
12,070 33,276

Deferred income
Deferred income relates to service contract income received in advance of the period to which it relates.


Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023 2022
£    £   
Within one year 9,340 19,920
Between one and five years 790 4,930
10,130 24,850

19. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
Unrestricted 353,022 (15,314 ) 6,047 343,755

Restricted funds
Minibus fund 3,231 (1,854 ) - 1,377
PPE fund 3,508 (3,508 ) - -
Community Engagement Fund 10,500 (10,500 ) - -
Community Hub fund - 32,825 - 32,825
Ramp fund - 6,047 (6,047 ) -
17,239 23,010 (6,047 ) 34,202
TOTAL FUNDS 370,261 7,696 - 377,957

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Unrestricted 422,985 (438,299 ) (15,314 )

Restricted funds
Minibus fund - (1,854 ) (1,854 )
PPE fund - (3,508 ) (3,508 )
Community Engagement Fund - (10,500 ) (10,500 )
Community Hub fund 36,500 (3,675 ) 32,825
Ramp fund 6,047 - 6,047
42,547 (19,537 ) 23,010
TOTAL FUNDS 465,532 (457,836 ) 7,696


Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.21 in funds 31.3.22
£    £    £   
Unrestricted funds
Unrestricted 326,055 26,967 353,022

Restricted funds
Minibus fund 2,080 1,151 3,231
PPE fund 8,039 (1,735 ) 6,304
Community Engagement Fund (1,476 ) 9,180 7,704
8,643 8,596 17,239
TOTAL FUNDS 334,698 35,563 370,261

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
Unrestricted 384,299 (357,332 ) 26,967

Restricted funds
Minibus fund 2,000 (849 ) 1,151
PPE fund - (1,735 ) (1,735 )
Community Engagement Fund 10,500 (1,320 ) 9,180
12,500 (3,904 ) 8,596
TOTAL FUNDS 396,799 (361,236 ) 35,563

RESTRICTED FUNDS

Minibus Fund
The Minibus fund is restricted for the purpose of purchasing another minibus and minibus equipment.

PPE Fund
The PPE fund is restricted for the purpose of purchasing PPE and cleaning materials and equipment for the minibus.

Community Engagement Fund
The Community Engagement fund is restricted for the purpose of supporting the local community.

Community Hub Fund
The Community Hub fund is restricted for the purpose of funding various costs of setting up and running a community hub.

Ramp Fund
The Ramp fund is restricted for the purpose of installing an access ramp at the charity's premises.

TRANSFERS BETWEEN FUNDS

Restricted funds totalling £6,047 used to finance the purchase of amounts capitalised as tangible fixed assets have been transferred to unrestricted funds.


Worcester Wheels

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

20. RELATED PARTY DISCLOSURES

There were no related party balances or transactions to report.

21. PRIOR YEAR ADJUSTMENT

The comparatives have been amended to reallocate expenditure to the PPE fund that was previously to the reallocated to unrestricted fund totalling £1,476 incurred in 2021 and £1,320 incurred in 2022.