||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|7| |Independent
Examiner's|Report|||| |Statement ofFinancial|Activities|||| |Balance Sheet|||'IO|| |Notes to the Financial Statements||11|to|19| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Strategic report|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Financial
review|||||||||||||| |Results|||||||||||||| |The total
incoming
resources
for the year amounted
to 8401,006 (2020: 6486,598). The surplus
on unrestricted
funds
of
f34,467 (2020:873,556 - deficit) has resulted
in increased
unrestricted
funds carried
forward
to 6120,876 (2020:f86,498).
1he deficit on restricted
funds ofF30,797(2020:f1,814)has resulted
in funds cerned forward
decreasing
tof721,134(2020:|||||||||||||| |8751,842).|||||||||||||| |Future plans|||||||||||||| |After such a challenging
year,
it|is essential
that we re-establish
Pedal Power's presence
in whatever||||||the "new|||normal"||tume|| |out to be. We will do this by-|||||||||||||| |Clearly communicating
how|essential our service is to|people to both Welsh||Government,|Cardiff||Council and health||||||| |related organisations|||||||||||||| |Continuing
to raise the profile and awareness
of Pedal||Power|||||||||||| |Consolidating
Pedal Power|as an essential voice in all|matters|related to inclusive
cycling||including||||the Active Travel||||| |Act and Future Generations|Wellbeing
Act||||||||||||| |Consolidate
and improve
our presence at the Bay site||to serve|as a shop window and promote|||inclusive
cycling|||||||| |Consolidating
our links with|organisations
who benefit|from our|service and increase the number|||of|||participants||||| |attending|||||||||||||| |Making concerted efforts to|strengthen
links between
activities at both sites||||||||||||| |Building and extending
links|with adjacent communities|in particular
BAME and disadvantaged/least|||||||likely to cycle||||| |community
groups|||||||||||||| |Continuing
to seek a variety|ofsources offunding
to ensure the||financial
stability ofthe charity||||||||||| |Continuing
to seek funding|for core staff, in particular
cycling officers||||||||||||| |Establishing
a more secure|understanding
offinancial|support
from Cardiff Council and Welsh Government||||||||in|||| |including
Pedal Power
in all|aspects ofCardiffs cycling|strategy|||||||||||| |Continuing
to strengthen
our existing
partnerships
and||seeking|new partners||||||||||| |Extending
and improving
our marketing
and social media strategy,
including||||reviewing
marketing|||materials||||||| |Continuing
improvement
of|our financial
efficacy||||||||||||| |Seeking new and innovative|ways to increase funding|streams and so improve
our financial
security|||||||||||| |Continuing
to improve
the efficiency of all operational
areas, internal
structures
and staff training||||||to||improve||our|||| |customer
provision|||||||||||||| |Structure,
governance
and management|||||||||||||| |Legal status|||||||||||||| |Friends
of Pedal
Power
Ltd. is a company
limited
by guarantee,|||registered|number
4373456,||and|||is governed|||by|its| |Memorandum
and Articles of Association
and a charity registered
with the Charity||||Commission,|number||||1092304.||||| |Recruitment
and appointment|ofnew trustees||||||||||||| |The Trustees
who are appointed|by the Members
at the Annual
General
Meeting|||are recruited|through|||local advertisements,|||||| |organisations
with whom the Charity
works and interested||members|of the public.
New trustees
are||||provided|||with induction|||| |and continuing
training
by the Director and staff. Training||includes|responsibilities|of trustees|and details of the Charity
and||||||||| |its history.|||||||||||||| ## ## ## ## |||for the Year E|nded 31 March 2|021||| |---|---|---|---|---|---|---| ||||||2021|2020| ||||Unrestricted|Restricted|Total|Total| |||Notes|fund
6|funds
6|funds
f|fundsf| |Income and endowments|from|||||| |Donations
and legacies|||22,887||22,887|13,962| |Charitable
activities||||||| |Cycle and Membership|||252,119|800|252,919|176,255| |Other trading
activities|||125,152||125,152|293,085| |Investment
income|||46||46|305| |Other income||||||2,991| |Total|||400,204|800|401,004|486,598| |Expenditure
on||||||| |Raising funds|||30,167||30,167|31,597| |Charitable
activities||||||| |Cycle and Membership|||335,517|31,507|367,024|530,371| |Total|||365,685|31,506|397,191|561,968| |NET INCOME/(EXPENDITURE)|||34,519|(30,707)|3,813|(75,370)| |Transfers
between funds||17|90|~90)||| |Net movement
in funds|||34,609|(30,797)|3,813|(75,370)| |Reconciliation
offunds||||||| |Total funds brought forward|||86,409|751,931|838,340|913,710| |Total funds carried forward|||121,018|721,135|842,153|838,340| ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| ||||Notes|fundf|funds|funds
6|funds| |Fixed assets|||||||| |Tangible assets|||12|5,014|707,300|712,314|738,881| |Current assets|||||||| |Debtors|||13|3,086||3,086|45,769| |Cash at bank|and|in hand||148,927|13,835|162,762|75,377| |||||152,013|13,835|165,848|121,146| |Creditors|||||||| |Amounts
falling due within one year|||14|(24,009)||(24,009)|(21,687)| |Net current|assets|||128,004|13,835|141,839|99,459| |Total assets|less|current liabilities||133,018|721,135|854,153|838,340| |Creditors|||||||| |Amounts
falling due after more than one year|||15|(12,000)||(12,000)|| |NET ASSETS||||121,018|721,135|842,153|838,340| |Funds|||17||||| |Unrestricted|funds|||||121,018|86,498| |Restricted funds||||||721,135|751,842| |Total funds||||||842,153|838,340| ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||||||8|| |Fundraising|events|||||||1,197|546| |Kitchen sales|||||||||40,157| |Product sales||and Next Bike||||||123,955|252,382| |||||||||125,152|293,085| |Investment|income||||||||| |||||||||2021f|2020| |Deposit account interest||||||||46|305| |Income from||charitable||activities|||||| ||||||Activity|||2021f|2020
5| |Training|||||Cycle and|Membership||4,458|13,124| |Cardiff City|Council||||Cycle and|Membership||22,779|22,779| |Bike servicing||and repairs|||Cycle and|Membership||6,914|3,047| |Membership|and session|||fees|Cycle and|Membership||2,538|9,590| |Hire income|||||Cycle and|Membership||33,444|98,718| |Peter Harison||Foundation|||Cycle and|Membership|||10,000| |The Crane|Foundation||||Cycle and|Membership|||3,997| |Glamorgan|Voluntary||Service||Cycle and|Membership|||15,000| |Moondance|foundation||||Cycle and|Membership||31,340|| |Government|grants||||Cycle and|Membership||151,446|| |||||||||252,919|176,255| |Raising funds|||||||||| |Other trading||activities|||||||| |||||||||2021f|2020f| |Events and|publicity||||||||902| |Purchases||||||||30,167|30,695| |||||||||30,167|31,597| |Charitable|activities||costs||||||| |||||||||Support|| ||||||||Direct|costs (see|| ||||||||Costs|note 8)|Totals| |||||||||6|| |Cycle and Membership|||||||326,868|40,156|367,024| ## ## ## ## |Support costs|||||| |---|---|---|---|---|---| |||||Governance|| ||||Management
f|costs
f|Totals
f| |Cycle and Membership|||37,175|2,981|40,156| |Support costs, included|in|the above, are as follows:|||| |||||2021|2020| |||||Cycle and|Total| |||||Membership|activities
f| |Wages||||36,517|55,133| |Light and heat||||573|659| |Office expenses||||85|1,283| |Accountancy
and legal|fees|||2,981|4,625| |||||40,156|61,700| |Net income/(expenditure)|||||| |Net income/(expenditure)||is stated after charging/(crediting):|||| |||||2021
f|2020
f| |Depreciation
- owned assets
Surplus
on disposal offixed assets||||29,266
~917)|29,719
~9,471)| ## ## ## ## ## |Trustees' for the year
Staff costs|ended 31 March 202|
0.|,,|| |---|---|---|---|---| ||||2021f|2020f| |Wages and salaries|||260,838|393,806| |Social security costs|||10,071|22,927| |Other pension costs|||15,494|19,674| ||||286,403|436,407| |The average
monthly|number ofemployees|during the year was as follows:||| ||||2021|2020| |Cycle &cafk activities|||19|27| |Directors
&finance|||2|2| ||||21|29| ## ## ## ## ## |Tangible fixed ass|et|s||||| |---|---|---|---|---|---|---| ||||Freehold||Motor|| ||||property
f|Equipment
f|vehicles|Totals
f| |Cost||||||| |At 1 April 2020|||839,802|51,534|28,588|919,924| |Additions||||2,699||2,699| |Disposals|||||~11,765)|~11,765)| |At 31 March 2021|||839,802|54,233|16,823|910,858| |Depreciation||||||| |At 1 April 2020|||122,796|29,659|28,588|181,043| |Charge for year|||16,887|12,379||29,266| |Eliminated
on disposal|||||~11,765)|~11,765)| |At 31 March 2021|||139,683|42,038|16,823|198,544| |Net book value||||||| |At 31 March 2021|||700,119|12,195||712,314| |At 31 March 2020|||717,006|21,875||738,881| |Debtors: amounts|falling due within one year|||||| ||||||2021
f|2020
6| |Trade debtors|||||399|42,004| |Other debtors|||||254|254| |Prepayments|||||2,433|3,511| ||||||3,086|45,769| |Creditors: amounts||falling due within one year||||| ||||||2021|2020| |||||||E| |Trade creditors|||||725|741| |VAT|||||20,472|17,781| |Accruals and deferred||income|||2,812|3,165| ||||||24,009|21,687| ## ## ## |||for the Year|for the Year|for the Year|for the Year|Ended 31 March|2021||| |---|---|---|---|---|---|---|---|---|---| |15.|Creditors: amounts|falling due after more than||||one year|||| |||||||||2021|2020| |||||||||f|f| ||Other loans (see note 16)|||||||12,000|| |16.|Loans||||||||| ||An analysis ofthe maturity||of|loans|is given below:||||| |||||||||2021|2020| |||||||||f|f| ||Amounts
falling due between
Other loans -2-5 years|||two and five years:||||4,500|| ||Amounts
falling due|in more than five years:|||||||| ||Repayable
by instalments:||||||||| ||Other loans more 5yrs instal|||||||7,500|| |17.|Movement
in funds||||||||| ||||||||Net|Transfers|| ||||||||movement|between|At| |||||||At 1.4.20
f|in funds|funds
6|31.3.21
f| ||Unrestricted
funds||||||||| ||General
fund|||||86,409|34,519|90|121,018| ||Restricted funds||||||||| ||Big Lottery Fund|||||226,615|(6,000)||220,615| ||Cardiff Council - Capital Grant|||||84,437|(2,232)||82,205| ||Welsh Government|—Communities|||Facilities||||| ||Activities Programme|||||405,951|(8,656)||397,295| ||Porth Teigr|||||8,344|(2,846)||5,498| ||Peter Harison
Foundation|||||5,833|(5,833)||| ||Cardiff Rotary Grant|- Sparks||||3,282|(1,059)||2,223| ||Glamorgan
Voluntary
Service|||||13,480|(2,109)||11,371| ||The Crane Foundation
Work placement
scheme -||extension|||3,380
609|(1,362)
~609)|(90)|1,928| |||||||751,931|~30,706)|~90)|721,135| ||TOTAL FUNDS|||||838,340|3,813||842,153| ## ## ## |Net movement
in fu|nd|s,
include|d
in|the above are|as follows:|||| |---|---|---|---|---|---|---|---|---| |||||||Incoming|Resources|Movement| |||||||resources|expended|in funds| |||||||E|E|E| |Unrestricted
funds||||||||| |General
fund||||||400,204|(365,685)|34,519| |Restricted funds||||||||| |Big Lottery Fund|||||||(6,000)|(6,000)| |Cardiff Council - Capital Grant|||||||(2,232)|(2,232)| |Welsh Government|—Communities|||Facilities||||| |Activities Programme|||||||(8,656)|(8,656)| |Porth Teigr|||||||(2,846)|(2,846)| |Peter Harison
Foundation|||||||(5,833)|(5,833)| |Cardiff Rotary Grant|-|Sparks|||||(1,059)|(1,059)| |Glamorgan
Voluntary||Service||||800|(2,909)|(2,109)| |The Crane Foundation
Work placement
scheme - extension|||||||(1,362)
~609)|(1,362)
~609)| |||||||800|~31,506)|/30,706)| |TOTAL FUNDS||||||401,004|~397,191)|3,813| |Comparatives
for movement|||in funds|||||| |||||||Net|Transfers|| |||||||movement|between|At| ||||||At 1.4.19|in funds|funds|31.3.20| ||||||E||E|| |Unrestricted
funds||||||||| |General
fund|||||160,053|(73,759)|204|86,498| |Restricted funds||||||||| |Big Lottery Fund|||||232,615|(6,000)||226,615| |Cardiff Council - Capital Grant|||||86,668|(2,231)||84,437| |Peter Harrison
Foundation||||||5,833||5,833| |Welsh Government|—Communities|||Facilities||||| |Activities Programme|||||418,844|(12,689)|(204)|405,951| |Porth Teigr|||||11,189|(2,845)||8,344| |Cardiff Rotary Grant|-|Sparks|||4,341|(1,059)||3,282| |Glamorgan
Voluntary||Service||||13,569|(89)|13,480| |The Crane Foundation||||||3,202|89|3,291| |Work placement
scheme - extension||||||609||609| ||||||753,657|~1,611)|~204)|751,842| |TOTAL FUNDS|||||913,710|~75,370)||838,340| ## ## ## ## ## ##