**REGISTERED COMPANY NUMBER: 02618968 (England and Wales) REGISTERED CHARITY NUMBER: 1003309**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 30 September 2021**
**for**
## **Cycling Projects**
**Cycling Projects**
## **Contents of the Financial Statements for the Year Ended 30 September 2021**
|||**Page**||
|---|---|---|---|
|**Chairman's Report**||1||
|**Report of the Trustees**|2|to|12|
|**Independent Examiner's Report**||13||
|**Statement of Financial Activities**||14||
|**Balance Sheet**|15|to|16|
|**Cash Flow Statement**||17||
|**Notes to the Cash Flow Statement**||18||
|**Notes to the Financial Statements**|19|to|32|
|**Detailed Statement of Financial Activities**|33|to|34|
## **Cycling Projects**
## **Chairman's Report for the Year Ended 30 September 2021**
Through the last financial year, our organisation has achieved significant progress. Having adapted our ways of working to cater for user needs during and post pandemic, the management team have also maintained resolute focus on moving our organisation from a projects led operation to one which aims to provide more permanent services in more locations using more enduring funding sources. Behind this shift in emphasis is the Sport England funded 'Scaling Up' programme which has introduced more systemisation and greater clarity of our service offering and volunteer needs and training. The programme workload is ongoing and is extensive but has also enabled Cycling Projects to expand its management team who are now successfully scaling up our reach in new areas such as Sheffield and parts of Cumbria and the West Midlands.
In order to increase our visibility and access to longer term funding, we have developed stronger relations with existing partners such as Sport England, DfT and British Cycling. In addition, good progress has been made to attract private sector funding which reduces our reliance on Government sentiment and associated fund sources which are available.
We have also strengthened our Board of Trustees with appointments of experienced professionals who will play a key role in enhancing Governance and performance management.
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
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 30 September 2021. 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**
## **Mission Statement**
Our purpose is the promotion of cycling as a means of sustainable transport for all sectors of the community.
## **Objects**
- 1) To promote cycling and opportunities for cycling for the benefit of the public.
- 2) To promote education and training in cycling for the benefit of the public.
3) To enable people of all ages who may have reduced or impaired ability whether physical or mental or both or who may have impaired health or who may be recovering from impaired health or who may otherwise be socially excluded to enjoy the benefits of cycling by the provision of special equipment, facilities, advice and training in the United Kingdom.
4) To relieve people of all ages with disabilities who may have reduced or impaired ability whether physical or mental or both by enabling them to enjoy the benefits of cycling by the provision of special facilities and advice in the United Kingdom.
These objects were revised to their current form at the Annual General Meeting held on 13th November 2008 and are contained in the charities Memorandum and Articles of Association, which sets out the rules by which the charity runs its affairs. In accordance with the relevant legislation, the Charity Commission provided its consent to the changes.
## **Cycling Projects' Strategy, 2019-24**
In 2018/19 Cycling Projects' trustees, management and staff worked together to develop a new strategic plan for 2019-2024 setting out a vision that we will have become the inclusive cycling organisation of choice in the UK, through the achievement of our aspirations to effectively share and develop best practice across the national footprint.
Considering the expectations of both participants and funders, the strategic plan goes on to identify a number of focus areas, each with specific action plans, intended to deliver around the following key themes:
- Inspire participants to realise their potential
- Coordination of a national Wheels for All network
- Inclusive cycling training provider of choice
- Enhancement of our brand
## - Principles the way we do things
Our principles focus on being-
- Passionate and driven
- Respectful of all involved in making positive delivery happen
- insight/disabled people led,
- A focus on continuous improvement,
- And then all being underpinned by our strategic objectives
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities**
Cycling Projects is approaching its 30th year anniversary as a charity and has been responsible for the delivery of a wide range of different services over the years. The focus of the majority of the activities was on the general promotion of cycling engagement, but with emphasis on those who need to adopt more physically active lifestyles due to sedentary living and/or poor health, and those who may have limited abilities as a result of physical or mental impairment. The work programme is split into the following two categories: Pedal Away and Wheels for All. In addition, during this year Cycling Projects has been leading on a time-limited active travel project supporting people who are returning to employment. Through the pandemic we have been able to test an effective way of engagement supporting people with disabilities to be active through our Out on Your Loan and Bike Buddy schemes.
## **Pedal Away update**
In this reporting period we have been focussing on restarting our Pedal Away, and this has included programmes in in Knowsley, Salford, Preston and East Lancashire. Projects have been funded through Public Health and relevant the Local Authority. Each Pedal Away programme followed the principles of providing cycle support packages and a range of community cycle rides for those returning to cycling. The whole focus of Pedal Away is to ensure that all community members have the skills, knowledge and confidence to be able to cycle with others. Programme activity reduces during the autumn and winter months and is generally at full capacity from March till the end of September. The implications of this being that with the Covid pandemic bringing lockdown and restrictions from early Spring, we had a reduction in both the delivery of programmes and the levels of attendance for Pedal Away during this reporting year. However, the importance of the Pedal Away programme through and beyond the pandemic cannot be underestimated; it is so clear.
## **Wheels for All update**
In this reporting period we have been able to support over thirty-two Wheels for All centres, which offer regular inclusive cycling activities for their local communities.
During this period, we supported both charity-led and external Wheels for All centres prepare for delivery within the context of the Covid restrictions. This has included additional planning and procedures to ensure all cycles have been thoroughly cleaned, that personal protective equipment was provided, that routes and meeting points were specially marked out and that all staff and volunteers involved received the relevant training and support that they required.
## **Bike and Boots update**
The Bike and Boots programme has been delivered in Knowsley through the partnership with Knowsley Public Health. The scheme has supported people who are returning back to the workplace, by giving them access to cycles and delivering support packages to meet their needs. The Bike and Boots programme has been recognised for its valuable contribution in helping many people remove one of the key barriers of being able to access employment opportunities.
## **New ways of working through and beyond the pandemic**
In this reporting year Cycling Projects had to consider how it could continue to operate effectively and safely in the most constructive way to deliver services alongside the challenges and implications of the Covid pandemic. The focus has been on installing a renewed belief in being active in the community for individual, families, and organisations. We have played an important part in creating themes of trust and confidence in being active in the community setting.
This has been underpinned by working closely with participants and their families, as well as our staff and volunteers to ensure we had a good understanding of the anxieties, worries and challenges of being safely active again in a community setting. Naturally this has meant a reduced capacity in those that can attend at any one time but has also offered the opportunity for us to review a more tailored and enhanced support offer for those participating.
Alongside our specific, existing programmes of work, Cycling Projects has supported other new initiatives that were developed in response to the needs of communities during the pandemic.
Bike Buddy and Out on Your Loan programme have been born out of the need to support individuals, families and organisations who have people in their care who need to be active to stimulate both body and mind. The aim of the Bike Buddy package is to give those that have influence and decision-making factors for people in their care to embrace cycling as a credible and beneficial activity for everyone to enjoy. The Bike Buddy package will create a long-lasting cycling culture in the care home settings and the disability support agencies that we want to reach, and enable; such organisation to inspire staff, volunteers, and participants to all be active through cycling.
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **OBJECTIVES AND ACTIVITIES**
For our young participants the provision of bikes has given an opportunity for the whole family to be active in their local neighbourhoods. For our adult participants, we have been able to give them guidance and support in terms of planning routes, maintenance as well as cycle training, which essentially prepares them to complete cycle journeys from home on their terms.
- **Working with disability partners** - During the pandemic, we have continued to develop long lasting partnerships with national disability charities, including Leonard Cheshire, The Brain Charity and Mencap who have expressed concern for their clients around the safety of accessing public transport and becoming more isolated as a result of this during the pandemic. Through the support of our colleagues , we have helped partners in shaping their offer of cycling activities for all abilities as par t of the solution to addressing the needs of service users.
We have been able to build long term engagement programmes with Leonard Cheshire, which has enabled their localised settings to offer cycling as an everyday activity for the benefit of their members.
- **Inclusive cycling landscape** - Through our national partnerships with Sport England, DfT, British Cycling and the Activity Alliance we have been able to continue the progression of a more inclusive cycling landscape. During this year our emphasis of support has particularly focused on creating an inclusive cycling offer that can continue to resonate with those that need to be active fo r health and inclusion reasons.
- **Creating the National Wheels for All Forum keeping connected with partners and other service providers** - From the outset of the pandemic we recognised the need to work with and support other partners and providers, ensuring they can deliver inclusive cycling opportunities for their participants. To support this approach, we set up a regular zoom partner chat, sharing ideas and good practice throughout the inclusive cycling network. Through these engagements, we have been able to support inclusive cycling centres in restarting their local programmes ensuring that they comply with safe and effective practice. This has now gathered momentum and has brought the attention of guest speakers and partner organisation who can talk about their need to cycle and the importance of the network for people i n their care.
**- Regional cluster developments** - We have been able to use our profile and experience to ensure inclusion and accessibility is at the core of any active travel measures through good partnership work with the Combined Authorities and County Councils. We view the concept of a cluster offer to being crucial to the success of local level Wheels for All centres. The cluster concept gives an opportunity for regional support and for the creation of more opportunities for local participants to cycle on their terms by giving them choice in several Wheels for All hubs across a specific region. The Sheffield City Region has been a great example of this approach, whereby we been able to work with local partners to develop a new Wheels for All in Doncaster (and then soon to follow centres in Barnsley and Rotherham). This in turn, has led to positive discussions with Liverpool City Region, to create a regional co-ordinated approach for the eight Wheels for All hubs across LCR. Discussions with regions such as Greater Manchester Combined Authority, West Midlands Combined Authority and Cumbria County Council will follow in the forthcoming year.
## **New Wheels for All Centres.**
This reporting period gave us the opportunity to continue conversations with potential funders and commissioners in regions across the country to develop the opportunities for new Wheels for All centres. This process is supported by the delivery of Wheels for All Try Out events, which act as great ways for consultation, and to then gauge the local interest in the development of Wheels for All centres. Successful developments have led to the launch of new Wheels for All centres in Colchester, Barrow, Leatherhead, Kingston and Doncaster.
## **Public benefit**
The activities described in the previous sections have been undertaken for the public benefit and meet the overriding object of the charity to promote cycling and opportunities for cycling for the benefit of the public. These activities have been carried out successfully and hence allow Cycling Projects to continue to meet its public benefit requirements as a charity. The Charity has had regard to the Charity Commission guidance on public benefit.
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Operational Improvements**
In this reporting period the charity made the decision to create a management team that represents the operations and strategic directions of the charity. This has included management leads for finance, operations, QHSE and the Scaling Up programme performance. The management team structure has been a great example of how the charity has progressed and matured as an organisation. The management team has been effective in supporting colleagues in the regions and ultimately ensuring delivery and development are managed in an efficient manner.
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Training**
Our training team have consistently reviewed and developed out training programmes to reflect the needs of staff, volunteers, and partner organisations. Fundamentally, this is considering new ways of working, which will allow for a consistently high standard of delivery across our network of Wheels for All and will also underpin our Pedal Away and Bike Buddy opportunities.
Further training support packages have been delivered to Bikeability providers through the Bikeability Trusts' Innovation Fund, which enabled Cycling Projects to deliver disability awareness packages to instructors in Greater Manchester, Merseyside, London, Coventry, Essex and Buckinghamshire. This gave instructors insight and understanding when engaging with children and young people who have various levels of ability in an SEND setting. We are continuing to grow our partnership with the Bikeability Trust, so that we can roll out the disability awareness training to more providers across the country.
**Scaling up** - In January 21 Cycling Projects was successful in the next phase of Sport England investment through the national Scaling Up programme. Working alongside partners at Sport England and Spring Impact consultants, over the next two years, we have been given the opportunity to pilot new systems and processes, as well as strengthen underpinning infrastructure of each Wheels for All centres, working towards the growth and sustainability of the charity, and enabling the organisation to operate more effectively across national footprint.
In the current reporting period, we will use the Scaling Up investment to test our support packages, create a consistent approach, development standard operating procedures and create a value proposition that is attractive to external partners, and in turn this will create a long-term affiliation model for a Wheels for All centres across the country. has been tested in this reporting period.
**Mobilisation** - developing the volunteer workforce to connect with people in the community through the We Ride Together Campaign. Our We Ride Together campaign has been focussing on three themes of engagement-
- Supporting a number of Wheels for All centres across the country to be equipped and prepared for new models of delivery through and beyond the pandemic. This will include new engagement approaches have to ensure people have positive experiences, the offer must be accessible for all, and participants have to enjoy the experience and want to come back for more.
- Delivering a regional Bike Buddy, in partnerships with four Wheels for All centres, and giving them skills and knowledge to support participants to complete individual journeys.
- Create a long-term campaign pitched as "We Ride Together" with the aim to create awareness of the Wheels for All network and how advocates of active travel and keen recreational cyclist can support the delivery of Wheels for All by volunteering in a number of roles for each centre.
## **Focusing on the needs of our staff and volunteers**
Our ongoing national volunteer programme has continued to recruit, retain and support the development of volunteers who are involved with our Wheels for All and Pedal Away programmes. Volunteers are involved in administrative roles, as ride pilots, mechanics, fundraisers and community champions who have become advocates of our work. We have concluded that all such roles are needed to ensure the effective delivery of the local programme as well as the long-term sustainability of each inclusive cycling scheme. Volunteers also continue to support the governance and sustainability of the charity at both a local and national level.
The pandemic has affected all staff and volunteers in different ways, and this period has given us the opportunity to step back and reflect on what we have previously delivered as well as shape a package that could be responsive, flexible and positively impact on the health and wellbeing of every individual. It is our intention to continue using these approaches beyond the pandemic and to build on this learning for engaging with staff and volunteers.
The pandemic has also enabled us to dedicate time and resources to properly review the volunteer roles needed at many of our Wheels for All centres and allowed us to identify any additional needs required in support of our safe and effective delivery of programmes.
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Operational Improvements**
We have continued to build on the development of our data reporting systems established in partnership with Liverpool John Moores University. These provide the charity with increased insight and understanding of the impact of our programmes through participant data feedback. Collectively, this information alongside testimonies and case studies helps the charity to effectively report on its performance as well as to make the case for further support and investment in inclusive cycling initiatives.
The National Training Co-ordinator has continued to deliver our Wheels for All training programmes to support the delivery of inclusive cycling sessions, as well as adapting these to take account of safe and effective practice associated with the health risks of the Covid pandemic. Further training packages have also been progressed to support the development of the Pedal Away programme along with the introduction of a Bike Buddy initiative. In addition, we are now looking at the introduction of Bikeability training for children with disabilities at both SEN and mainstream schools.
Building on the existing volunteer programme, Cycling Projects was invited to bid for funding from Sport England that could support the future growth and development of the charity. We were successful in July 2020 in securing this funding for 6 months to work with Spring Impact to design, pilot and plan a sustainable structure for the organisation. If successful in this design phase, there would be a further opportunity to apply for additional resources to support the scaling up of the charity.
## **Focusing on the needs of our staff and volunteers**
Our ongoing national volunteer programme has continued to recruit, retain and support the development of volunteers who are involved with our Wheels for All and Pedal Away programmes. Volunteers are involved in administrative roles, as ride pilots, mechanics, fundraisers and community champions who have become advocates of our work. We have concluded that all such roles are needed to ensure the effective delivery of the local programme as well as the long term sustainability of each inclusive cycling scheme. Volunteers also continue to support the governance and sustainability of the charity at both a local and national level.
A key priority from March 2020 for the charity was to organise and deliver a regular series of online forums focusing on keeping in touch with staff and volunteers and making sure they were up to date on any changing developments. It soon became clear that these online engagement sessions were very important for staff and volunteers, as it brought everyone together, sharing their situations and giving encouragement, happiness and laughter to all through these challenging times.
The pandemic has affected all staff and volunteers in different ways, and this period has given us the opportunity to step back and reflect on what we have previously delivered as well as shape a package that could be responsive, flexible and positively impact on the health and wellbeing of every individual. It is our intention to continue using these approaches beyond the pandemic and to build on this learning for engaging with staff and volunteers.
The pandemic has also enabled us to dedicate time and resources to properly review the volunteer roles needed at many of our Wheels for All centres and allowed us to identify any additional needs required in support of our safe and effective delivery of programmes.
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
Despite these challenges and limitations, the charity has been able to adapt and develop its service offer and to work collaboratively with partners to ensure we support our service users, as well as our staff and volunteers in the provision of programmes and associated activities.
## In 2020/21:
- 4 Pedal Away Ride programmes were delivered in Knowsley, Preston, East Lancashire and Salford.
- We were able to deliver and support new Wheels for All / Covid compliant sessions in 18 locations. We also supported an additional 9 Wheels for All externally provided centres in preparation for delivery through the pandemic.
- We delivered community cycling activities (Wheels for All and Pedal Away) at 23 locations across England and Wales.
- 212 volunteers have supported all Cycling Projects initiatives through this time.
- We have delivered over 10 volunteer virtual coffee mornings connecting and supporting volunteers through the pandemic.
- Delivered 16 Wheels for All networks forum meetings - bringing the lead contacts of WFA centres together as the ideal support network.
- 18 participants were supported through our Out on Your Loan project in the West Midlands. Each participant was supplied with an adapted loan bike alongside other support to ensure both adult and child participants could continue their cycling activities independently and alongside other family members.
Over 35 participants have participated in the Bike Buddy offer. enabling people to cycle and complete a journey. This has been delivered in partnership with several disability focussed organisations such as Empower in Trafford, The Brain charity in Liverpool and Liverpool and Sefton Mencap.
- Training - 60 volunteers and staff trained to support 'Covid safe' programmes, this allowed all centres to be prepared and ready to operate in the new environment
- Over 56 national, regional and local partners have continued working with Cycling Projects to support the delivery of our programmes and services. Partnerships included Activity Alliance, Midland Mencap, Leonard Cheshire (national), Active Essex, Kingston Borough Council, Cumbria County Council, Autism Together, Special Olympics Great Britain, Forestry Commission, British Cycling. National Trust and Sustrans.
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **FINANCIAL REVIEW**
## **Principal funding sources**
Cycling Projects has a wide range of revenue funding sources, which support the delivery of our services, as well as helping to sustain many of our established programmes. Resources are also dedicated to exploring new development opportunities and creating new initiatives and models of good practice around the country.
The charity has continued to secure funding - despite the pandemic - from a wide range of different sources, including being awarded grants to deliver new and existing initiatives for local authorities and public health departments. We have also been awarded contracts to develop and create new Wheels for All programmes, which are usually a mix of revenue and capital to help deliver a sustainable programme. In addition, we secured a special grant award to support the charity during the pandemic, enabling us to adapt our service offer as well as supporting other organisations in maintaining their inclusive cycling programmes.
Many of the current Wheels for All programmes rely on fees from participants, groups including day centres, colleges and SEN schools. All fees contribute to the running costs of community Wheels for All programmes. The delivery of Wheels for All Leadership training complimented by Wheels for All Maintenance and Covid safe training has continued to be an important part of the training revenue for the charity with many courses delivered independently of existing Wheels for All centres.
Cycling Projects generate revenue from consultancy work on a broad range of themes including reviewing independent training packages, providing technical guidance on pathways and trails and developing inclusive hire facilities for National Parks and other related organisations.
The charity also receives donations and pledges from individuals from across the country who want to give their time and raise funds for the charity either to fund specific cycles for Wheels for All centres or to help the development programmes within their local region
## **Investment policy and objectives**
The Management Committee has considered the most appropriate policy for investing funds and has found that the use of bank deposit accounts gives the opportunity to maximise income and flexibility.
## **Reserves policy**
The Trustees have considered the amounts that would be required to administer the organisation in the event of crisis. This would include the potential costs of redundancy, notice periods, accounting, legal fees and repayment of any long-term contracts on closure. A prudent sum would equate to three months' operating costs held within the unrestricted general reserve - around £75,000
The actual general reserve for the charity at the year-end amounted to £331,943, but it should be noted that the majority of this is represented by stocks and fixed assets which are less readily available than cash amounts.
The value of unrestricted fixed assets at year-end totalled £152,353. At present free reserves (net current assets excluding stock), £179,590 are more than the 3 months running costs. However the charity operates a number of projects via unrestricted income/donations as well paying day to day running costs.
## **Going concern**
The Trustees are continually reviewing the operations of the charity and its ability to deliver its objects during the Covid 19 pandemic. The Trustees have followed Government Guidance and are seeking financial assistance where appropriate and making cost savings where possible. In the opinion of the Trustees significant financial pressure will be placed on the Charity as a result of the Covid 19 pandemic but the Trustees believe they have the structure and resources to ensure the Charity remains a going concern.
## **Risk Management**
We have identified the major risks facing the charity and have put in place appropriate strategies to mitigate those risks.
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## **Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **FUTURE PLANS**
Despite a challenging year for all charities, we have looked to build constructively on the experiences over the last year. The pandemic has been particularly hard for people with disabilities - potentially some of the most isolated members of our communities. However, we have used this as an opportunity reach out and connect with many disability support organisations who have been concerned about the welfare of people in their care, and they can reconnect with the community in any way possible.
In terms of 2022/23 and beyond, Cycling Projects we will be focusing on:
Continuing to build on our strategic vision to become the inclusive cycling organisation of choice in the UK, through the achievement of our aspirations to effectively share and develop best practice across the national footprint. This includes supporting Sport England, British Cycling and other national partners in achieving the plans for a national inclusive cycling network.
We will also focus on developing partnerships with DfT, Active Travel England, Public Health England, as they all target specific programmes that inspire , engage and retain activity for people who have previously struggled to find activities to meet their needs.
Innovation - taking the cycling offer to the homes of individual through the Bike Buddy programme. For many people with disabilities, activity has now got to start from the front door of their homes or the day centres they may use. This was based on feedback from our disability partners reporting that their service users were not using public transport, and therefore cycling had an opportunity to play a key part in ensuring that they can be active, connected and less isolated.
The repairing of adapted cycles through the DfT cycle repair voucher scheme has been a great opportunity to ensure that all types of cycles can be assessed and then repaired through the voucher scheme. The partnership with the DfT has allowed this to happen, through an initial phase of repairing adapted cycles in the internal Wheels for All cent res setting. We hope that if this programme works well then it can be expanded to a larger audience across the
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
A Company limited by guarantee governed by its Memorandum and Articles of Association dated June 10 1991, as amended by special resolutions dated 22/1/92, 24/11/99, 22/11/00, 26/11/01 and 25/1/03. The company was registered as a charity on June 24 1991.
## **Recruitment and appointment of new trustees**
One third of the members of the Management Council or, if their number is not a multiple of three then the, number nearest to one third, retire from office at every annual general meeting. Members are able to seek re-election to the council, if supported by a majority of council members. The charity is keen to encourage the recruitment of new trustees and seeks the involvement and commitment of dedicated new members with a passion for cycling, disability and health, as well as a multitude of other skills that will underpin the effectiveness of the board. Any new appointment has to receive the full support of the board before final approval.
## **Organisational structure**
The board of trustees (6 trustees), which can have up to 11 members, administers the charity. Meetings of the board take place on a cycle of approximately 6 weeks (between 4 and 8 weeks). Day to day management responsibilities are delegated to the Cycling Projects' Director, Ian Tierney.
## **Induction and training of new trustees**
New trustees are welcomed into the charity and induction includes an overview of the organisation's operation. No further specified training is offered, although trustees are entitled to apply for relevant opportunities to support their role development.
## **Related parties**
None of our trustees receive remuneration or other benefit from their work with the charity. Any declaration of interest - linked to payment of delivery of services on behalf of Cycling Projects - must be disclosed to the full board of trustees.
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Co-operation with other organisations/charities**
Cycling Projects is keen to work collaboratively with other national, regional and local organisations to support the achievement of the charity's objectives. Current links include:
- Sport England
- Activity Alliance
- Midland Mencap
- Leonard Cheshire
- Steve Morgan Foundation
- Sport England
- Sustrans
- Prospects Foundation Hyndburn
- Merseytravel
- TFGM
- Knowsley Public Health
- Salford Public Health
- East Lancashire Public Health
- Disability Sport Wales
- Bikeability Trust
- Cycling UK
- Essex County Council
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
02618968 (England and Wales)
## **Registered Charity number**
1003309
## **Registered office**
11-13 Wilson Patten Street Warrington WA1 1PG
## **Trustees**
Mrs S Bentley Company Director (resigned 8.9.21) N A Colledge Sport And Health Manager J S Henderson Manager (resigned 20.10.20) C D Mayes Radiographer (resigned 8.9.21) Mrs E W Oldfield Retired Mrs V M Watson BSc PGCE Housewife P L Alcock Ms H J Clatworthy (appointed 8.9.21) L Gray (appointed 8.9.21)
## **Independent Examiner**
Lee Warburton BA FCA ICAEW Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW
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**Cycling Projects**
## **Report of the Trustees for the Year Ended 30 September 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS Advisers**
## **BANKERS**
Royal Bank of Scotland 151 Chorley Road Swinton Manchester M27 4AE
Santander UK plc Bootle Merseyside L30 4GB
Charities Aid Foundation 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
## **KEY MANAGEMENT PERSONNEL**
Ian Tierney - Charity Director Wendy Booth - Saxton - Finance Lead appointed September 21 Tom Webster - National operations manager appointed September 21 Nancy Waine - Scaling Up programmes manager appointed July 21 Keith Cheshire - QHSE & Training manager appointed April 21
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Cycling Projects for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 20 May 2022 and signed on its behalf by:
N A Colledge - Trustee
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## **Independent Examiner's Report to the Trustees of Cycling Projects**
## **Independent examiner's report to the trustees of Cycling Projects ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2021.
## **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 registered member of ICAEW 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.
Lee Warburton BA FCA ICAEW Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW
20 May 2022
Page 13
## **Cycling Projects**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 September 2021**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
61,504
**Charitable activities**
4
Wheels for All
236,707
Pedal away
37,738
Investment income
3
54
Other income
60,375
**Total**
396,378
**EXPENDITURE ON**
Raising funds
5
8,548
**Charitable activities**
6
Mainstream cycling
8,466
Wheels for All
185,126
Pedal away
98,413
**Total**
300,553
**NET INCOME/(EXPENDITURE)**
95,825
**Transfers between funds**
17
(14,741)
**Net movement in funds**
81,084
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
250,739
**TOTAL FUNDS CARRIED FORWARD**
331,823|Restricted
funds
£
3,070
307,432
2,521
-
7,026
320,049
-
-
350,377
12,553
362,930
(42,881)
14,741
(28,140)
205,447
177,307|30.9.21
Total
funds
£
64,574
544,139
40,259
54
67,401
716,427
8,548
8,466
535,503
110,966
663,483
52,944
-
52,944
456,186
509,130|30.9.20
Total
funds
£
31,893
313,368
63,195
157
70,443|
|---|---|---|---|
||||479,056
13,843
5,214
305,276
88,622|
||||412,955|
||||66,101
-|
||||66,101
390,085|
||||456,186|
The notes form part of these financial statements
Page 14
## **Cycling Projects**
## **Balance Sheet 30 September 2021**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
11
152,353
**CURRENT ASSETS**
Stocks
12
33,134
Debtors
13
182,676
Cash at bank
22,152
237,962
**CREDITORS**
Amounts falling due within one year
14
(58,372)
**NET CURRENT ASSETS**
179,590
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
331,943
**NET ASSETS**
331,943
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
9,265
-
-
167,922
167,922
-
167,922
177,187
177,187|30.9.21
Total
funds
£
161,618
33,134
182,676
190,074
405,884
(58,372)
347,512
509,130
509,130
331,943
177,187
509,130|30.9.20
Total
funds
£
173,713
26,833
40,663
279,756
347,252
(64,779)
282,473
456,186
456,186
250,739
205,447
456,186|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.
The notes form part of these financial statements
Page 15
continued...
## **Cycling Projects**
## **Balance Sheet - continued 30 September 2021**
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 20 May 2022 and were signed on its behalf by:
P L Alcock - Trustee
N A Colledge - Trustee
The notes form part of these financial statements
Page 16
## **Cycling Projects**
## **Cash Flow Statement for the Year Ended 30 September 2021**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Interest element of hire purchase or finance
lease rental payments paid
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
**Cash flows from financing activities**
Capital repayments in year
Net cash provided by/(used in) financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
2
**Cash and cash equivalents at the end of**
**the reporting period**
2|30.9.21
£
(86,972)
-
(86,972)
-
54
54
-
-
(86,918)
276,992
190,074|30.9.20
£
113,527
(24)
113,503
(4,186)
157
(4,029)
(566)
(566)
108,908
168,084
276,992|
|---|---|---|
The notes form part of these financial statements
Page 17
**Cycling Projects**
## **Notes to the Cash Flow Statement for the Year Ended 30 September 2021**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
||||30.9.21|30.9.20|
|---|---|---|---|---|
||||£|£|
||**Net income for the reporting period (as per the Statement of Financial**||||
||**Activities)**||52,944|66,101|
||**Adjustments for:**||||
||Depreciation charges||12,095|12,989|
||Interest received||(54)|(157)|
||Interest element of hire purchase and finance lease rental payments||-|24|
||Increase in stocks||(6,301)|(8,747)|
||(Increase)/decrease in debtors||(142,013)|68,964|
||Decrease in creditors||(3,643)|(25,647)|
||**Net cash (used in)/provided by operations**||(86,972)|113,527|
|**2.**|**ANALYSIS OF CASH AND CASH EQUIVALENTS**||||
||||30.9.21|30.9.20|
||||£|£|
||Notice deposits (less than 3 months)||190,074|279,756|
||Overdrafts included in bank loans and overdrafts falling due within|one year|-|(2,764)|
||Total cash and cash equivalents||190,074|276,992|
|3.|**ANALYSIS OF CHANGES IN NET FUNDS**||||
|||At 1.10.20|Cash flow|At 30.9.21|
|||£|£|£|
||**Net cash**||||
||Cash at bank and in hand|279,756|(89,682)|190,074|
||Bank overdraft|(2,764)|2,764|-|
|||276,992|(86,918)|190,074|
||**Total**|276,992|(86,918)|190,074|
The notes form part of these financial statements
Page 18
**Cycling Projects**
## **Notes to the Financial Statements for the Year Ended 30 September 2021**
## **1. 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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations, are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
The accrual model has been adopted to recognise government grants in the year and are measured at the fair value of the asset received or receivable. Where a grant becomes repayable it is recognised as a liability when the repayment meets the definition of a liability.
Grant income in the year of £64,923 is in relation to the Coronavirus Job Retention Scheme, all conditions attached to the grant have been met
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
continued...
Page 19
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
- Expenditure on charitable activities includes the costs incurred by the charity to enable it to fulfil its core operations.
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **Cycles purchased for wheels for all centres**
When the charity is engaged in setting up a new WfA centre and the intention is that once the centre is established it will be transferred to a local group who will take ownership of it and run it, then any cycles and other equipment purchased for the centre is expensed when in the year of purchase. In the event that the centre cannot be independently established then the bikes and other equipment revert to the charity and are capitalised at that point in line with the policy set out above.
## **Allocation and apportionment of costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Charity's core activities
Staff costs and related overheads are charged directly to the projects to which the costs relate.
## **Tangible fixed assets**
Individual fixed assets costing more than £150 are capitalised at cost and are depreciated over their estimated useful lives on a straight line basis as set out below.
Depreciation rates are as follows:
Office and other equipment - between 3 and 10 years Adapted cycles - over 20 years
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and 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.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Financial instruments**
The company 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.
continued...
Page 20
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Financial instruments**
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when 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 net asset and settle the liability simultaneously.
## **Basic financial assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs 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. Financial assets classified as receivable within one year are not amortised.
## **Other financial assets**
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.
## **Impairment of financial assets**
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
## **Derecognition of financial assets**
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
## **Employee benefits**
The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the costs of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
continued...
Page 21
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
|**2.**
**DONATIONS AND LEGACIES**
Donations
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Wheels
for All
£
Grants
353,472
Fees and training events
190,667
544,139
Grants received, included in the above, are as follows:
Surrey AHDC
South Lakeland District Council
Steve Morgan Foundation
Copeland District Council
Salford City Council
Cycling UK
Liverpool City Council
Lottery Fund
Sport England - sector partner fund
West Midlands Combimned Authority
Rhyl
Active Cumbria
Cumbria FC
Warrington Borough Council
Dept of Transport Greater Manchester
Salford CVS
South Yorkshire Combined Authority
Active Lancashire
Greater Sport
Denbighshire County Council
Colchester Catalyst Charity
Essex County Council
Trafford County Council
European Social Funding|Pedal
away
£
2,450
37,809
40,259|30.9.21
£
64,574
30.9.21
£
54
30.9.21
Total
activities
£
355,922
228,476
584,398
30.9.21
£
23,069
6,669
96,567
1,000
2,450
2,997
-
-
75,065
50,000
-
3,079
-
-
-
-
21,192
2,875
7,700
15,704
9,102
35,328
5,000
(1,875)
355,922|30.9.20
£
31,893
30.9.20
£
157
30.9.20
Total
activities
£
237,148
139,415|
|---|---|---|---|
||||376,563|
||||30.9.20
£
18,300
300
25,140
-
2,500
1,750
9,837
66,826
40,400
9,960
19,438
2,000
1,000
5,000
2,333
3,000
19,368
-
-
-
-
-
-
9,996|
||||237,148|
continued...
Page 22
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **5. RAISING FUNDS**
## **Raising donations and legacies**
|**Raising donations and legacies**|||
|---|---|---|
||30.9.21|30.9.20|
||£|£|
|Staff costs|2,089|10,151|
|Other operating leases|3,231|2,222|
|Rates and water|59|-|
|Insurance|758|708|
|Light and heat|406|-|
|Telephone|22|58|
|Postage and stationery|21|35|
|Sundries|1,942|648|
|Travel and subsistence|20|21|
||8,548|13,843|
## **6. CHARITABLE ACTIVITIES COSTS**
|Mainstream cycling
Wheels for All
Pedal away
**SUPPORT COSTS**
Management
£
Mainstream cycling
2,378
Wheels for All
85,298
Pedal away
28,816
116,492|Support
Direct
costs (see
Costs
note 7)
£
£
6,083
2,383
446,537
88,966
82,101
28,865
534,721
120,214
Governance
Finance
costs
£
£
5
-
168
3,500
49
-
222
3,500|Totals
£
8,466
535,503
110,966|
|---|---|---|
|||654,935|
|||Totals
£
2,383
88,966
28,865|
|||120,214|
## **7. SUPPORT COSTS**
## **8.**
## **NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||30.9.21|30.9.20|
|---|---|---|
||£|£|
|Depreciation - owned assets|12,095|12,989|
|Other operating leases|32,612|22,215|
|Independent examination|3,500|2,200|
continued...
Page 23
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.
|**Trustees' expenses**
Trustees' expenses
The expenses paid to trustees are for the re-imbersement of travel costs.
**10.**
**STAFF COSTS**
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Core
Other and sessional||30.9.21
£
451
30.9.21
£
338,176
14,689
3,774
356,639
30.9.21
6
28
34||30.9.20
£
310
30.9.20
£
257,273
8,611
2,777|
|---|---|---|---|---|
|||||268,661|
|||||30.9.20
7
31
38|
No employees received emoluments in excess of £60,000.
## **11. TANGIBLE FIXED ASSETS**
|**COST**
At 1 October 2020 and
30 September 2021
**DEPRECIATION**
At 1 October 2020
Charge for year
At 30 September 2021
**NET BOOK VALUE**
At 30 September 2021
At 30 September 2020|WFA
Adapted
Cycles
£
283,894
113,457
11,553
125,010
158,884
170,437|Other
cycles
£
4,386
4,386
-
4,386
-
-|Small
equipment
£
2,050
975
102
1,077
973
1,075|Office
equipment
£
19,033
16,832
440
17,272
1,761
2,201|Totals
£
309,363|
|---|---|---|---|---|---|
||||||135,650
12,095|
||||||147,745|
||||||161,618|
||||||173,713|
continued...
Page 24
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
|**12.**
**STOCKS**
30.9.21
£
Stocks
33,134
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
30.9.21
£
Trade debtors
51,391
Other debtors
-
Prepayments and accrued income
131,285
182,676
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
30.9.21
£
Bank loans and overdrafts (see note 15)
-
Trade creditors
31,158
Social security and other taxes
12,229
Other creditors
1,349
Accruals and deferred income
13,636
58,372
Deferred income comprises grant income received in advance of the year to which it relates.
Balance as at 1st October 2020
Amount released to income earned from charitable activities
Amount deferred in year
Balance as at 30th September 2021||30.9.20
£
26,833
30.9.20
£
13,742
1,387
25,534
40,663
30.9.20
£
2,764
18,436
16,438
708
26,433
64,779|
|---|---|---|
||30.09.21||
||£||
||19,782||
||||
||(19,782)||
||2,406||
||||
||2,406||
||||
## **15. LOANS**
An analysis of the maturity of loans is given below:
||30.9.21||30.9.20|
|---|---|---|---|
||£||£|
|Amounts falling due within one year on demand:||||
|Bank overdrafts||-|2,764|
Page 25
continued...
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **16. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
||30.9.21|30.9.20||
|---|---|---|---|
||£|£||
|Within one year|7,000||-|
|Between one and five years|9,333||-|
||16,333||-|
**17. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Banes WFA
**Restricted funds**
Capital grants expended
St John's Foundation - Bath
Surrey WFA
South Lakes District National Park
Steve Morgan Foundation
Sport England- volunteer coordinator
Copeland WFA
CCF - Warrington PA Dementia
Marlow - WFA
Hyndburn Pedal Away
ACRE - Lace Up
Salford Pedal Away
West Midlands Combined Authority
European Social Funding - Merseyside
Sport England Volunteering Scaling
Programme
Tackling Inequalities - Liverpool & Sefton
Mencap
South Yorkshire Combined Authority
Sport Wales - Rhyl WFA set up
CCF Warrington Older People
Cycling repair, health & safety fund
OUT ON YOUR Loan
Liverpool WFA
WE Ride Together
European Social funding - Manchester
**TOTAL FUNDS**|At
1.10.20
£
246,939
3,800
250,739
11,462
6,624
13,291
10,553
8,964
3,008
18,227
6,035
11,524
6,884
4,191
4,026
9,960
4,598
30,475
9,837
16,604
11,984
2,203
10,048
-
-
-
4,949
205,447
456,186|Net
movement
in funds
£
95,945
-
95,945
(2,197)
(7,584)
(18,417)
1,475
(9,094)
(9,956)
(259)
(3,792)
(1,669)
(1,198)
(4,191)
(4,643)
(3,878)
(4,868)
(31,380)
(4,893)
623
(12,040)
-
-
25,476
1,375
52,787
(4,678)
(43,001)
52,944|Transfers
between
funds
£
(10,941)
(3,800)
(14,741)
-
960
5,126
-
130
6,948
-
-
-
-
-
617
-
270
905
-
-
56
-
-
-
-
-
(271)
14,741
-|At
30.9.21
£
331,943
-|
|---|---|---|---|---|
|||||331,943
9,265
-
-
12,028
-
-
17,968
2,243
9,855
5,686
-
-
6,082
-
-
4,944
17,227
-
2,203
10,048
25,476
1,375
52,787
-|
|||||177,187|
|||||509,130|
Page 26
continued...
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **17. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Capital grants expended
St John's Foundation - Bath
Surrey WFA
South Lakes District National Park
Steve Morgan Foundation
Sport England- volunteer coordinator
Copeland WFA
CCF - Warrington PA Dementia
Marlow - WFA
Hyndburn Pedal Away
ACRE - Lace Up
Salford Pedal Away
West Midlands Combined Authority
European Social Funding - Merseyside
Sport England Volunteering Scaling
Programme
Tackling Inequalities - Liverpool & Sefton
Mencap
South Yorkshire Combined Authority
Sport Wales - Rhyl WFA set up
OUT ON YOUR Loan
Liverpool WFA
WE Ride Together
European Social funding - Manchester
**TOTAL FUNDS**|Incoming
resources
£
396,378
-
11,874
34,463
8,480
(160)
-
1,000
-
50
-
-
2,521
-
(1,075)
12,634
-
40,560
5,670
50,000
92,401
62,431
(800)
320,049
716,427|Resources
Movement
expended
in funds
£
£
(300,433)
95,945
(2,197)
(2,197)
(19,458)
(7,584)
(52,880)
(18,417)
(7,005)
1,475
(8,934)
(9,094)
(9,956)
(9,956)
(1,259)
(259)
(3,792)
(3,792)
(1,719)
(1,669)
(1,198)
(1,198)
(4,191)
(4,191)
(7,164)
(4,643)
(3,878)
(3,878)
(3,793)
(4,868)
(44,014)
(31,380)
(4,893)
(4,893)
(39,937)
623
(17,710)
(12,040)
(24,524)
25,476
(91,026)
1,375
(9,644)
52,787
(3,878)
(4,678)
(363,050)
(43,001)
(663,483)
52,944|
|---|---|---|
continued...
Page 27
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **17. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Banes WFA
**Restricted funds**
Capital grants expended
St John's Foundation - Bath
Surrey WFA
South Lakes District National Park
Steve Morgan Foundation
Sport England- volunteer coordinator
Copeland WFA
CCF - Warrington PA Dementia
Marlow - WFA
Karl Austin fund
Wyre
Pedal Power
Bicycle Purchase Reserve
Hyndburn Pedal Away
ACRE - Lace Up
Salford Pedal Away
West Midlands Combined Authority
European Social Funding - Merseyside
Sport England Volunteering Scaling
Programme
Tackling Inequalities - Liverpool & Sefton
Mencap
South Yorkshire Combined Authority
Sport Wales - Rhyl WFA set up
CCF Warrington Older People
Cycling repair, health & safety fund
European Social funding - Manchester
**TOTAL FUNDS**|At
1.10.19
£
214,930
3,800
218,730
13,659
18,653
31,949
16,592
3,520
19
28,928
7,563
13,817
3,823
2,123
2,102
2,000
7,328
7,905
11,374
-
-
-
-
-
-
-
-
-
171,355
390,085|Net
movement
in funds
£
15,585
-
15,585
(2,197)
(12,029)
(31)
(6,039)
5,444
2,989
(10,701)
(1,528)
(2,293)
-
-
-
-
(444)
(3,714)
(7,348)
9,960
4,598
30,475
9,837
16,604
11,984
-
-
4,949
50,516
66,101|Transfers
between
funds
£
16,424
-
16,424
-
-
(18,627)
-
-
-
-
-
-
(3,823)
(2,123)
(2,102)
(2,000)
-
-
-
-
-
-
-
-
-
2,203
10,048
-
(16,424)
-|At
30.9.20
£
246,939
3,800|
|---|---|---|---|---|
|||||250,739
11,462
6,624
13,291
10,553
8,964
3,008
18,227
6,035
11,524
-
-
-
-
6,884
4,191
4,026
9,960
4,598
30,475
9,837
16,604
11,984
2,203
10,048
4,949|
|||||205,447|
|||||456,186|
continued...
Page 28
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Capital grants expended
St John's Foundation - Bath
Surrey WFA
South Lakes District National Park
Steve Morgan Foundation
Sport England- volunteer coordinator
Copeland WFA
CCF - Warrington PA Dementia
Marlow - WFA
Hyndburn Pedal Away
ACRE - Lace Up
Salford Pedal Away
Sport England - sector partner fund
West Midlands Combined Authority
European Social Funding - Merseyside
Sport England Volunteering Scaling
Programme
Tackling Inequalities - Liverpool & Sefton
Mencap
South Yorkshire Combined Authority
Sport Wales - Rhyl WFA set up
European Social funding - Manchester
**TOTAL FUNDS**|||Incoming
resources
£
245,061
-
-
18,300
300
25,237
31,462
3,000
-
4,000
-
-
6,833
40,400
9,960
5,000
35,864
9,837
19,368
19,438
4,996
233,995
479,056||Resources
Movement
expended
in funds
£
£
(229,476)
15,585
(2,197)
(2,197)
(12,029)
(12,029)
(18,331)
(31)
(6,339)
(6,039)
(19,793)
5,444
(28,473)
2,989
(13,701)
(10,701)
(1,528)
(1,528)
(6,293)
(2,293)
(444)
(444)
(3,714)
(3,714)
(14,181)
(7,348)
(40,400)
-
-
9,960
(402)
4,598
(5,389)
30,475
-
9,837
(2,764)
16,604
(7,454)
11,984
(47)
4,949
(183,479)
50,516
(412,955)
66,101|Resources
Movement
expended
in funds
£
£
(229,476)
15,585
(2,197)
(2,197)
(12,029)
(12,029)
(18,331)
(31)
(6,339)
(6,039)
(19,793)
5,444
(28,473)
2,989
(13,701)
(10,701)
(1,528)
(1,528)
(6,293)
(2,293)
(444)
(444)
(3,714)
(3,714)
(14,181)
(7,348)
(40,400)
-
-
9,960
(402)
4,598
(5,389)
30,475
-
9,837
(2,764)
16,604
(7,454)
11,984
(47)
4,949
(183,479)
50,516
(412,955)
66,101|Resources
Movement
expended
in funds
£
£
(229,476)
15,585
(2,197)
(2,197)
(12,029)
(12,029)
(18,331)
(31)
(6,339)
(6,039)
(19,793)
5,444
(28,473)
2,989
(13,701)
(10,701)
(1,528)
(1,528)
(6,293)
(2,293)
(444)
(444)
(3,714)
(3,714)
(14,181)
(7,348)
(40,400)
-
-
9,960
(402)
4,598
(5,389)
30,475
-
9,837
(2,764)
16,604
(7,454)
11,984
(47)
4,949
(183,479)
50,516
(412,955)
66,101|
|---|---|---|---|---|---|---|---|
||Unrestricted|||||||
||General|Designated||Restricted||Total||
||£|£||£||£||
|Fund balances at 30th September 2021||||||||
|Represented by:-||||||||
|Tangible fixed assets|152,353|-||9,265||161,618||
|Net current assets|175,790|3,800||167,922||347,512||
|Creditors: falling due in more than one year|-|-||-||-||
|||||||||
||328,143|3,800||177,187||509,130||
|||||||||
|||||||||
## **Transfers between funds**
The charity used general funds to operate various projects during the year.
continued...
Page 29
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **17. MOVEMENT IN FUNDS - continued**
## **Transfers between funds - continued**
The trustees have deemed that the Banes WFA unrestricted fund is no longer required, so the monies have been transferred back to general funds.
## **18. EMPLOYEE BENEFIT OBLIGATIONS**
The charity operates a defined contribution scheme. The assets of which are held separately from the assets of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,774, (2020: £2,777).
## **19. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2021.
## **20. RESTRICTED FUNDS**
## **St John's Foundation - Bath**
A grant contribution towards setting up and running the Bath and North East Somerset Wheels for All scheme. This project has come to an end in the year.
## **Surrey WFA**
A Short Breaks Innovation Grant from Surrey County Council to deliver cycling activities for children and young people with special educational needs and / or disabilities.
## **South Lakes District National Park**
A grant from South Lakeland District Council to launch and deliver Wheels for All across the South Lakes area including Kendal and Ulverston.
## **Steve Morgan Foundation**
A grant from the Steve Morgan Foundation to set up and run a Wheels for All centre in North Wales based in Flintshire and Denbeighshire.
## **Sport England - volunteer co-ordinator**
A Sport England Grant to fund the position of Volunteer Co-ordinator to develop the volunteer workforce.
## **Copeland WFA**
A grant from Copeland Borough Council grant utilising the Copeland Coastal Communities Fund to establish and deliver Wheels for All.
## **CCF - Warrington PA Dementia**
A grant from Cheshire Community Foundation to bring Pedal Away activities to people's homes in Warrington.
## **Marlow WFA**
Donations to keep Marlow Wheels for All running.
## **Karl Austin fund**
A fund to acquire a cycle in Karl's memory.
## **Wyre**
Balance of funding for the provision of cycles in Wyre district.
## **Pedal Power**
A fund to promote the use of a cycle taxi in Irlam Greater Manchester.
## **Cycle purchase**
continued...
Page 30
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **20. RESTRICTED FUNDS - continued**
Donations towards the purchase of cycles.
## **Hyndburn Pedal Away**
A grant from the Prospects Windfall Fund to provide Pedal Away for the people of Hyndburn, East Lancashire.
## **Acre - Lace Up**
A grant from Lace Up Cumbria to increase participation in leisure activities and community exercise in rural areas. This project has come to an end in the year.
## **Salford Pedal Away**
Multiple grant funding from Salford City Council, Transport For Greater Manchester, Active Ageing and Salford CVS for Pedal Away.
## **West Midlands Combined Authority**
A grant from the Better Streets Community Fund to provide adapted cycles and storage in Wolverhampton.
## **European Social Funding - Manchester & Merseyside**
A European Social Fund Grant to bring people back into employment.
## **Sport England Volunteering Scaling Programme**
A Sport England grant to design a partnership based sustainable volunteer operating model.
## **Tackling Inequalities - Liverpool & Sefton Mencap**
Sport England Tackling Inequalities grant funding for acquisition of cycles and delivery of bike buddy scheme with Liverpool and Sefton Mencap to engage with isolated communities.
## **South Yorkshire Combined Authority**
A grant to audit the inclusive cycling landscape across South Yorkshire and to build on opportunities arising to deliver inclusive cycling across South Yorkshire Combined Authority.
## **Sport Wales - Rhyl WfA set up**
A grant to supply adapted cycles and training to deliver volunteer led inclusive cycling at Marsh Tracks in Rhyl, North Wales.
## **CCF Warrington older people**
A Cheshire Community Foundation grant towards provision of Wheels for All for over 50's in Warrington.
## **Cycling repair, health & safety fund**
Created to ensure repair health & safety issues can be funded.
## **Out On Your Loan**
A programme that focussed on supporting disabled people from across the West Midlands to access adapted cycling through a mentoring and support package delivered by Cycling Projects staff.
## **Liverpool Wheels for All**
Funded through the Steve Morgan Foundation to create a Wheels for All based in Springfield Park adjacent to Alder Hey hospital, and to work closely with both The Brain Charity and with Stick & Step. These are two Merseyside disability organisations have expressed a need to support their participants, staff and volunteers to cycle for leisure and health and well-being.
## **We Ride Together**
This is a sector renewal funded programme that has allowed us to support fifteen existing Wheels for All centre to restart through and beyond the pandemic. We have supported them with new ways of working, and appropriate training packages and engagement day.
We Ride Together has also allowed us to roll out the Bike Buddy offer, and to create a national campaign to embrace all advocated of active travel to support the Wheels for All network.
continued...
Page 31
**Cycling Projects**
## **Notes to the Financial Statements - continued for the Year Ended 30 September 2021**
## **21. CONSTITUTION**
The Company is limited by guarantee and does not have a share capital. In the event of the Company being wound up the members are committed to contributing £1 each.
## **22. KEY MANAGEMENT PERSONNEL**
The charity considers its key management personnel to comprise its trustees and Chief Executive and the senior management team. The total employment benefits including employer pension contributions of the key management personnel were £119,012 (2020:£137,196). No employee had employee benefits in excess of £60,000.
Page 32
## **Cycling Projects**
||**Detailed Statement of Financial Activities**|||
|---|---|---|---|
||**for the Year Ended 30 September 2021**|||
|||30.9.21|30.9.20|
|||£|£|
|**INCOME AND ENDOWMENTS**||||
|**Donations and legacies**||||
|Donations||64,574|31,893|
|**Investment income**||||
|Deposit account interest||54|157|
|**Charitable activities**||||
|Grants||355,922|237,148|
|Fees and training events||228,476|139,415|
|||584,398|376,563|
|**Other income**||||
|Other income||2,478|-|
|Job retention scheme grants||64,923|70,443|
|||67,401|70,443|
|**Total incoming resources**||716,427|479,056|
|**EXPENDITURE**||||
|**Raising donations and legacies**||||
|Wages||1,959|9,714|
|Social security||106|347|
|Pensions||24|90|
|Other operating leases||3,231|2,222|
|Rates and water||59|-|
|Insurance||758|708|
|Light and heat||406|-|
|Telephone||22|58|
|Postage and stationery||21|35|
|Sundries||1,942|648|
|Travel and subsistence||20|21|
|||8,548|13,843|
|**Charitable activities**||||
|Trustees' expenses||451|310|
|Wages||299,003|196,277|
|Social security||12,568|6,653|
|Pensions||3,300|2,360|
|Travel and subsistence||16,207|14,487|
|Purchase and repair of bikes||148,906|37,538|
|Postage and stationery||980|990|
|Telephone||7,125|5,720|
|IT costs||7,692|3,442|
|Carried forward||496,232|267,777|
This page does not form part of the statutory financial statements
Page 33
## **Cycling Projects**
## **Detailed Statement of Financial Activities for the Year Ended 30 September 2021**
||30.9.21|30.9.20|
|---|---|---|
||£|£|
|**Charitable activities**|||
|Brought forward|496,232|267,777|
|Recruitment|-|592|
|Sundries|14,709|6,518|
|Motor expenses|12,334|5,809|
|Advertising and promotion|250|384|
|Facilities and track hire|11,196|5,278|
|Bad debts|-|5,607|
||534,721|291,965|
|**Support costs**|||
|**Management**|||
|Wages|37,214|51,282|
|Social security|2,015|1,611|
|Pensions|450|327|
|Other operating leases|29,381|19,993|
|Rates and water|534|-|
|Insurance|6,818|5,184|
|Light and heat|3,655|-|
|Telephone|223|554|
|Postage and stationery|236|349|
|Repairs and maintenance|383|1,009|
|IT costs|3,015|3,589|
|Membership and subscriptions|635|683|
|Travel and subsistence|327|204|
|Recruitment costs|6,565|222|
|Training costs|5,337|1,419|
|Professional fees|8,112|1,080|
|Irrecoverable VAT|(503)|4,336|
|Depn of WFA adapted cycles|11,655|12,856|
|Depn of office equipment|440|133|
||116,492|104,831|
|**Finance**|||
|Bank charges|222|92|
|Leasing|-|24|
||222|116|
|**Governance costs**|||
|Accountancy fees|3,500|2,200|
|Total resources expended|663,483|412,955|
|**Net income**|52,944|66,101|
This page does not form part of the statutory financial statements
Page 34