2024-03-31-accounts

Charity Registration No. 1115789 Company Registration No. 01766411 (England and Wales} London Cycling Campaign (A Company Limited by Guarantee) Trustees, Report and Consolidated Financial Statements For The Year Ended 31 March 2024 LONDON CYCLING CAMPAIGN

CONTENTS Page Legacies and Bequests Administrative Details Board of Trustees Our Vislon, Our Mission, Our Values Structure, Governance and Management Public Benefit Statement Chair's Report Trustees, Report 8-19 Independent Auditor's Report 20 Consolidated Statement of Financial Activities (Including Income and Expenditure Account) 24 Consolidated Balance Sheet 25 Charity Balance Sheet 26 Consolidated Statement of Cash Flows 27 Notes Forming Part of the Financial Statements 2842

LONOON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Legacies and Bequests In recent years the charity has benefitted from legacies and bequests from the estates of the following- 2021 Anonymous 2022 Alastair Hanton 2023 Anonymous 2023 Richard Powell Evans T•Ji Taken at an LCC Haringey family ride, September 2024. Photography by Crispin Hughes

LONDON CYCLING CAMPAIGN. A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL sTATEmE￿s FOR THE YEAR ENDED 31 MARCH 2024 Administrative Details Registered Company Number 01766411 Registered Charity Number 1115789 Principal & Registered Office Rh.206, The Record Hall 16- 16a Baldwins Gardens London EC1N 7RJ Auditors UHY Hacker Young Thames House Roman Square Sittingbourne Kent ME10 4BJ Solicitors Bates, Wells & Braithwaite 10 Queen Street Place London EC4R 1BE Bankers Unity Trust Bank plc Four Brindleyplace Birmingham B1 2JB Triodos Bank Deanery Road Bristol BS15AS Company Secretary Thomas Fyans Charity Correspondent Thomas Fyans

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE - COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Board of Trustees

Trustee Date started - End of current term

Trustee Role

Simon Clark October 2017 - 2024 Colin Crooks October 2022 - 2025 Nedah Darabi December 2023 - 2026 Sara Dowling December 2023 - 2026 Giulio Ferrini October 2022 - 2025 Sylvia Gauthereau October 2020 - Resigned May 2023 Toby Hopkins October 2022 - 2025 Jonathan Klaff October 2022 - 2025 Isabel Mathie October 2022 - 2025 Eilidh Murray October 2019 - 2025 Kris Sangani October 2020 - December 2023 Sarah Strong October 2019 - 2025 Christian Wolmar October 2016 - 2026

Treasurer from October 2017

Chair from October 2021

Simon Clark was co-opted to serve as a Trustee for a further year from December 2023 to December 2024

The end of current term will depend on the date of the AGM in that year.

Business Committee

Members serving during the year

Simon Clark Treasurer, Chair of the Committee. Colin Crooks Sara Dowling From December 2023 Toby Hopkins Eilidh Murray Chair of the Board Kris Sangani To December 2023

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LONDON CYCLIMG CAMPAIGN, A COMPANY LI￿￿ED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Our Vision London Cycling Campaign's vision for London is a city that is a healthier, greener and happier place to live, where anyone who wants to cycle can do so safely and enjoyably, on a pollution-free, zero carbon road system. Our Mission London Cycling Campaign's mission is to: Campaign for action by decision-makers to make cycling in London safe and inviting for everyone Give voice to our members. and provide them with support Deliver practical projects to promote cycling to and for everyone Our Values We believe in.. A globalty sustainable London: one that plays its full role in averting the twin existential threats of the climate and ecological emergencies, preserving the global environment and the Earth'5 natural resources for the benefit of future generations. A better London: one that that is fr88d from over-reliance on motor vehicle5 and whose neighbourhoods and places are safer, greener. healthier and more vibrant as a result. The power of voluntary organlsatlons to advise decision-makers and hold them to account, and to deliver change al the grassroots. Diverslty and inclusivity, promoting 8ach within the charity and across our work. How We Pursue our Charitable Objectives Our public benefit statement and charitable objects are reproduced below. The key detenninant of the outcomes the charity seeks is whether govemment at all levels makes provision for cycling on London's roads that is safe. sufficient and convenient enough for cycling to become the natural choice for people of all ages and abilities for their everyday journeys. As a consequence. the main way in which the charity pursues its charitable objectives is to engage and infomi our members and the public of the actions needed from decision-makers, mobilising public opinion to press for these actions to be taken. The work is undertaken by the central staff team in partnership with the charity's volunteers across our 30 borough-based groups. In sUPPOrt of this, but also for its own direct benefits. we also work with Gommunity organisations, businesses. local aLAthorities, the education and public sectors to help and support people to start cycling. or cycle more. This spans advice, public engagement events, organised rides, cycle maintenance events and cycle loan schemes. Again. much of this work is conducted by our borough groups, advised and supported as ne8ded by the staff team.

LONDON CYCLING CAMPAIGN, A COMPANY UMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Structure, Governance and Management London Cycling Campaign (LCCI is a charitable company, limited by guarantee and was established by the coalescence of a number of local London grass foot cycling campaign groups into a single entFty in 1978. All LCC members are members of the company. The goveming document of LCC is the Memorandum and Articles of Association passed at an EGM of the members on 4 July 2006 and amended at the AGM on 16 October 2007. (Further amendments were made at the AGMS in 2012, 2014 and 2019.) LCC became a registered charity on 14 August 2006. The Charity has a wholly owned subsidiary. London Cycling Campaign Trading Limited (a private limited company) whose directors are the appointed by the trustees (the roles are currently held by the charity's Treasurer and a fellow trustee nominated by the Board}. LCC is governed by a Board of Trustees. There are ten elected Trustee5. who are elected by the membership at the Annual General Meeting. Newly elected Trustees will normally serve for a three-year period. Under the Articles ofAssociation. the Board can co-opt three addilional Trustees. There is currently one co-opted Trustee on the Board. Co-opted Trustees serve until the first AGM after their co-option. (The Trustees are also Directors for the purpos8s of thè Companies Art 2006.) Nominations for Trustee position5 are sought through outreach lo the LCC membership, targeted advertising and recommendation. The election is normally conducted via electronic voting in the run up to, and physical voting al, the Annual General Meeting. New Trustees receive appropriate induction malerials and, as a general rule, have induction meetings with staff. The Board agrees the overall strategic aims of the organisation, based on recommendations from the CEO. The CEO h35 delegated authority to run the organisation in pursuit of these aims, within specified parametèrs and wilh certain authorities reserved to the Board (e.g. budget approval), and tables a ￿11 report to each Board meeting. This reporting, in conjunction with the work of trustee-staff committees, is the main way in which the Board scrutinises the activities of the staff team in particular. and the whole organisation in general, to ensure compliance with these aims and assess Ihe performance of the charity. The Board is also responsible for ensurtng Ihat the Charity meets all its legal obligations, with day-to-day compliance delegated to the CEO. and also for addressing governance matters and overseeing the charitls internal democracy. As part of their delegaled authorities. the CEO is responsible for all extemal relalions (directly or through the slaff leam). As at 31 March 2024 th8 Board subcommittees land bodies that report to the Board) were as follows.. Campaigns & Active Membership Committ80 (C&AM)'. oversees LCC'S advocacy and Campaigning work. Business Committee.- monitors risk, monitors the financial health of the charity. scrutinises the performance of income generating aclivities, and oversees legal and regulatory compliance. Diversity & Inclusion Working Group= reviews the charities policies. procedures and operations to ensure that LCC best serves the diverse population of London.

LONDON CYCLING CAMPAIGN. A COMPANY LIMITED BY GUAFiANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Structure, Governance and Management (continued) The CEO manages a team of staff that numbered 18, (full-time and part-time) at year end. The number fluctuates up and down during the year according to project work. This leam is augmented from time to time with freelance staff working on specific activilies. An important role for the charity is to support groups of members in the London boroughs. These are known as the LCC Groups. currently consisting of Borough-based activist groups. Each Borough Group is legally a part of the charity but operates with delegated authority within ils own borough. subject to compliance with LCC policies and procedures. They are governed by their own committees, organise their own activities, fundraise for their own projects and publish their own newsletters. For this reason, th8ir funds are shown in the accounts as re51ricted funds. Public Benefit Statement The trustees of the charity comply with the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities. As Set out in our Memorandum and Articles of Association, LCC'S Charitable Objects are: To pmmote cycling for th8 public ben8fit in thé United Kingdom as a means of furthering the following charitable purposes.. (i) the promotion of public health, (iij the pmmotion of healthy recreation in the interests of social wglfare, (iii) the promotion of public safety, particularly on the highways, (iv) the ￿lief of the needs of people with mental and physical disabilities, (v) the promotion of the conseniation and protection of the environment, and (vi) the advancement of education by whatever means the Board think fit. including the provision of cycling faGilities, services, training, educational activities. and lobbying and campaigning in matters ￿lating to Gycling arpd other forms of transport. The entirety of LCC'S work is in pursuit of these aims. Direct benefits accrue notjust to LCC members bLrt also to the public as a whole as a result of LCC'S advocaw on behalf of cyclists and cycling. Membership of LCC is open to everyone who supports our aims. with varying membership subscription rates depending on individual circumstances (including a conGe5sionary rate for the retired or unemployed). Membership affords access to specific additional benefits (e.g. LCC'S quarterly magazine, London Cyclist and third-party liability insurance cover) as well as participation in LCC'S democratic decision-making processes.

LONDON CYCUNG CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 MARCH 2024 CHAIR'S REPORT We welcomed our new CEO. Tom Fyans, in September 2023: there were over 100 applicants for the role which was a great endorsement of the work of the London Cycling Campaign. Since joining, Tom has been getting to know the staff, the patrons, th8 trustees, the strategic partners and the political landscape and has been meeting th8 local borough groups. Under his leadership, a new 3-ye8r strategy has been developed and now this forms the basis of all our activities, ensuring that we use our scarce resources to best effect. Tom's arrival coincided with planning for the 2024 Mayoral election and the campaign London Loves Cycling was a refreshing approach to the #war on cyclists to which we are sadly being subjected. The joy of just riding a bike cannot be over-stated and to see all the borough groups leading rides, holding events, sharing photos and videos of happy families on bikes was proof enough of the appetite for safer more inclusive cycling in London. It was heart-warmin9 and it should be regarded as a normal, sustainable transport choice. The LCC Women's Network continued to go from strength to strength, releasing a hard-hitling report 'What Stops Women Cycling in London?, which was launched, alongside a powerful video, in January 2024. Our Cycle Buddi8s Gampaign continues and, having bèen invited to buddy a young student from the US, I can highly recommend volunteers spending a few hours supporting aspiring CyGlists to find good, safe routes to their work, to their educational centres or for leisure trips. I was personally delighted that at our AGM in 2023, we welcomed fjvo new female trustees, Nedah and Sara, and we now number 5 wom8n on the Board, with a wide range of experience and skills to offer. A key area of concern for the Board is EDI. We are fully aware that as an organisation we could do much better. The newly reform8d EDI committee is tasked with supporting us to improve how we reflect all Londoners at every level. We are 1000/0 focussed on making cycling mainstream, safe and enjoyable for everyone who wanls to cycle in our great city. Bikes can play a big role in sustainable travel- but they could play a much bigger role rfthere was really strong political will {think of the transformation of Paris, streets spearheaded by the mayor, Anne Hidalgo,. think of Utrecht, think of Barcelona the list goes on). They are a key component in the climate emergency toolbox and, as we know, the Clock is ticking while politicians and vocal minorFties bicker and create toxic unnecessary divisions. That has to stop, there's no time left. Non8 of our work could be done without the skills of our dedicated and passionate staff team and our wider ¢ommunity of campaigners, members, patrons, partners and supporters in terms of their time. money and expertise. I would like lo acknowledge th@ generosity of people thinking of us in their wills and promise we will spend their legacies wisely and strategically. Campaigning is an exhausting occupation but by supporting each other, we can get back on our bikes and ¢yGle up those hills lo elevate this joyous, sustainable, efficient form of transport to where it needs to be. My personal thanks to you all for your continued hard work and resilience in continuing to advocate for safer cycling for all Londoners. Eilidh Murray. Chair of the Board of Trustees 30 September 2024

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT 1. A Year of Action and Progress The charity made significant progress with our headline London Loves Cycling Campaign for the Mayoral Election in 2024, developed our work to improve levels of gender equity in cycling through our Wom8n's Network, and continued to expand our behaviour change work on Ihe ground, including through our flagship project on building people's confidence to Cycle through our Cycle Buddies programme. Cycling rat8s in London reached an all-time high and is now a mainstream mode of travel according to the December 2023 TfL report, with 1.26m journeys cycled daily, a 4.5C/to share of all journey5. Whilst we welcomed this and enjoyed some high-level campaign successes. they were mostly in terms of commitments to future action, particularly at Mayoral level so there is plenty of work to do to make these a reality. Were it not for some significant donations from our patrons towards the end of the financial year, the impact of the cost-of-living crisis throughout the year may have demanded some difficult dècisions. However, the commitments to action we secured do provide a basis for winning more change on the ground in the Current rinancial year, and we will be pushing the re*lected London Mayor Sadiq Khan to leave a lasting cycling legacy as part of his unprecedented third term. We will also be building our influencing at Borough level to maximisg opportunities as we head towards local elections in 2026. And, as told to us repeatably by sènior deci5ion-makers at City Hall, TfL and in local councils, progress would simply not be possible without LCC'S efforts. In the lalter part of the year our new CEO, with input from staff, trustees and wider stakeholders developed a new three-year strategy for LCC, 'Cy¢ling for All, which envisages that by 2028, 100/0 of London's journeys will be cycled. It has 3 pillars and strategic objectives: More and more diverse people cycling. All people cycling will be safer- and People cycling now will conlinué and enjoy it more. The strategy includes some new investment in organisational devalopment, which for this year has included preparing for an upgrade to our IT System and CRM database, a review of HR, a new approach to risk management, development of a new staff appraisal system, and the creation of a new Operations Team with overall responsibility for improving our ways ofworking, processes and delivery. As ever, LCC'S trustees and staff remain inspired and deeply appreciative of the creativity, dedication and energy of our volunteer activists, who often faGe demanding, and sometimes hostile situations. We again pay huge tribute to them.

LONDON CYCLING CAMPAIGN, A COMPANY LIWIITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT (continued) 2. Progress on LCC'S Key Priorities for 2023-2024 Su rtin our active membershi Throughout this year and over the last few years, LCC has increasingly sought lo enable our borough groups to have the Skills, capacity and confidence to lead on much of our campaigning work. Happily, we are in a situation where our campaigning has successfully garnered the political support at a regional level that has seen cycling expand rapidly in London - but that now means two key things for ourwork. Firstly. there is now less direct need lo focus our campaigning efforts directly on the Mayor and TfL per se funding is recognised as important and quality standards are in place to a reasonable degree. Instead. there is a real need to work with the Mayor and TfL to ensure the rollout of cycling infrastructure and political support spreads lo more boroughs. Secondly, there are an inGreasing number of schemes across a wider area than ev8r before which means there are too many schemes for LCC office stsff to effectively support and GarrTpaign for, and in a wider range of boroughs. These two issues have led to a concerted effort to increase skills and capacity in our borough volunteers and beyond to broaden the work they do in their communities. This year, that has resulted in the continuing rollout of our new 'Pathways' approach - with training and group support increasingly themed around the four "Stages" Further, the team is now operating a multi-layered approach lo groups that includes additional 'priority' group support for the handful of groups most likely to change Pathway stage at any time. The joining of community outreach, behaviour change and traditional campaigning in the expanded Campaigns & Community Development leam came in part at the ené of a year dedicated to increasingly using emotion in campaigning and lobbying activities- and an embracing of the breadth of activities LCC groups achieves already. Integrating our rides programmes and events as w811 as community alliances and coalitions into our campaigning work is an ongoing theme. Th8 cenlrepiece of that work this last year was our Community Skills Summit - which had over 100 attendees learning skills around an 'emotional campaigning. theme for a day at the University of East London Docklands campus.

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT (continued) Behaviour Chan As a result of this increasing focus on borough-level work, and indeed the communities across London. this year saw our new CEO Tom Fyans make changes to teams so that our 'behaviour change. and all 'community outreach, work is now merged with the work of our Campaigns team the team is now Ihe Campaigns & Community Development team. Included in this are behaviour change projects wsih specific communities such as in Westminster, in partnership with Hackney s Leaside Project, Guy's & St Thomas. staff cycle buddies, Barts Cardiac rehab group and Hackney Ark Project. The team also now includes work on our Cycle Buddies project'matchmaking, existing and newer and less confident cyclists for social and supportive cycle rides - with the project relaunched in the spring of 2024 with a full website. map and profiles and as a result, hundreds of rides. The combined team is also now working notjust with our existing borough groups, and allied community organisations in those boroughs. but both inside boroughs and regionally, increasingly with NHS trusts and sites and with major academic institutions both of which are focusing more on active travel. decarbonisation, risk of road danger to their staff and users, pollution and health outcomes. Cam in at Borou h level As well as major Community Development projects and work with allied organisations, our borough groups have produced significant campaigning work through the financial year around major TfL and borough council schemes of relevance to their areas. Our Climate Safe Streets campaigning work around the 2021 Mayoral elections and 2022 borough 8le¢tions was largely concluded thematically WFth this year's Climate Safe Streets.. One Year On, Onè Year To Go report. This tracked the progress each borough and the Mayor were making against key targets and commitments so our borough groups could use this to hold their councils lo account. On top ofthe report, LCC worked with the Healthy Streets Scorecard coalition to produce its annual report in July. which also Serves to track borough progress on active travel and to enable our borough groups and volunteers as well as other community campaigners to hold their councils to account Dver delivery, outcome5. We held extensive campaigns around major schemes included junctlons such as at Battersea Bridge {Wandsworth & Kensington & Chelsea). Lambeth Bridge {Lambeth & Westminster), Lea Bridge roundabout (Hackngy and Waltham Forest}. Holbom {Camden). Holland Park roundabout (Hammersmith & Fulham) and Wembley north circular (Brent) as well as cycle routesltracks at St Pauls (City), C9 extension (Hounslowl, C4 finish (Southwark), plans for Clerkenwell Road (Camden), Romford Road {Newham), Depfford Church Street (Lewisham) and Forest Road (Waltham Forest). In Westminster, hard work and the extra stsff resourcing we put in is paying off with multiple cycle tracks schem8s inbound and a £35m active travel investment announced at the start of the year. 10

LONDON CYCLlhlG CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT (continued) The overview however is that the last year has seen a real slowdown of delivery of active travel schemes across London - despite more progressive altiludes from more boroughs than ever before. This appears to be due to incoherence and siloed working inside TfL primarily an ongoing Campaigning strand for LCC. London wide Cam nin Dangerous Junctions An ongoing result of Ihe incoherence by TfL and indeed the lack of funding from govemment to TfL 15 that progress on junclions is far too slow generally across London. Our campaigning work on Dangerous Junctions this yèar has included a protest al Battersea Bridge following a fatality on the bridge and SUPPOrting our Hackney group's protests around multiple fatal collisions. But our primary work in Nov&mber 2023 was thè very successful launch of a new interactive map of the most dangerous junctions in London. The map clusters junctions together and is able to Ihen spot the most 'dangerous' (using an algorithm that weights collision severity and re￿nCY) for both cycling and pedestrians separately and by borough(s) also. Again, this has fed into local borough group work and is due to be updated and improved again at the tail end of 2024 and annually. London Loves Cycling Th8 slowdown in delivery and funding for active travel schemes is likely in part due to the increasingly hostile rhetoric towards such schemes in some segments of the media and political sphere. The Uxbridge by-election result was seized upon by some as a repudiation of Mayor Sadiq Khan's ULEZ expansion, and the government has repeatedly directly attacked not just specific aGtive travel schemes and London's delivery of such, but also the concepts of reducing motor vehicle use, active travel mode shift via such as the 'Plan for Drivers, and pronouncements and briefings around these. LCC has responded to such issues robustly, however it also led lo Ihe thinking behind our Mayoral campaign, °London Loves Cycling-. In the early part of 2024, LCC produced a high-quality video and social media content themed around the sheer joy. of oycling - and created a narratlV8 that not only is cycling a 'good thing, in general temis. but also that Londoners were already strongly in favour of cycling in a broad and diverse sense. London Loves Cycling resulted in lower than previous Mayoral campaign levels of emails 'to target, to the Mayoral Gandidate- butthatwasn'tthe primary aim ofthe campaign, which was to fill social media with an antidole to the 'cuEture war, rhetoric several candidates were utilising. This was a big success - and the campaign has and will inform new approaches from LCC to do more 'positlV8' and 'emotional' campaigning - with the technical arguments largely won, the point now is to land the point that active travel isn't just 'good' but it Yeels good, and is positive in sentiment not just technical outcome.

LONDON CYCUNG CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 0176fj411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT (continued) Women's Network The probably largest outcome of this work was the full formation ofthe Women's Ne￿ork, with a steering group from the organisations involved (LCC, Joy Riders, LBK and Wheels for Wellbeing), email list and the production of a survey of over 1,000 women's experiences of cycling in London. The survey led to a hard-hitting report 'What Stops Women Cycling in London?. which was launched, alongside a powerful video. in January 2024. The concems raised were condensed into our three asks ofthe Mayor and local councils regarding improvements to local cycle nelworks. social safety and physical safety. The report and video, as well as a public launch forthe reportfeaturing Deputy Mayorfor Policing and Crime. Sophie Linden and second Women's Network Freedom ride in March where a 5,000 plus petition was handed to London's Walking & Cy¢ling Commissioner. gamered major media coverage. supportive political statements and campaigning wins. The Women's Ne￿Ork campaigning activity is now in planning for more activity in late 2024 and into 2025. LCC & Diversit in C lin LCC wants to play its part in helping London's cycling community become more diversè. LCC run volunteer led cy¢le programmes and we will make sure we orientate these to help people to cycle who are from groups currently under-rèpresented. LCC as an inclusive organisation LCC is a combination of its staff team, its trustees. and the campaigners and volunteers in its local groups. We need to make sure we are inclusive so that we involve a wide range of Londoners in our Campaign. This means not just talking to those who are interestad in cycling but talking to harder to reach groups about how they want their neighbourhoods to Change. LCC is committed to driving change to ensur& Londoners from ethnic minorili&s can cycle rf thay so choose. LCC as Inclusive Employer LCC want a staff team that reflects London's diversity. We need to make sure our recruitment practices are inclusive and that we attract more applicalions from people from ethnic minorities backgrounds and from women. And that this is reflected in the senior management team. LCC with a Diverse Volunteer Base LCC as an organisation needs to open itself up to involvement from people with a wider diversity of backgrounds. LCC as a largely volunteer led organisation does mean relying on people giving their time, and to do that voluntèers need lo have time to give. We know this is not an oplion to many Londoners on lower incomes. Alongside increasing diversity amongst our volunteers, we will create partnerships at a London wide and borough level. We also need to empower our local groups to go out and talk (and listen) to their local Communities. 12

LONDON CYCLING CAMPAIGN. A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT (continued) LCC as an inclusive campaigner LCC will campaign for equity in access to cycling London. Now that the case for high quality cycling infrastructure has been largely accepted LCC can bring other equity issues into our campaign work. To do this LCC will need lo engage with. and listen to, London's diverse communities al all levels. 3. Looking ahead At the tail end of 2023, TfL made a series of announcements that further bolstered LCC'S reputation. campaigning credentials and underlined LCC'S role in improving London for cycling. TfL announced Ihal its rollout of cycling infrastructure had seen the Mayor Sadiq Khan quadruple overall signed TIL Cycleways (cycle roule5 that pass TfL's 'Cycle Route Quality Criteria'} and quintuple the km of main roads with protected cycle tracks. Cycle rate5 also have rapidly grown aGr05s London - wilh TfL saying that 4.50/0 of journeys made in London now are cycled - and 1.26m a day on avorage. which is equivalent to a third of the journeys done on the entire tube network. Again, the strongest growth in cycle rates was found to relate to areas where safe Cycle routes had been provided. This provides support for LCC'S ongoing work. In the coming finanGial year, that work is set to include further work by the Women's Network, on the gaps in infrastructure and how those impact women specifically; the return of LCC'S Community Awards- and TfL is set lo raise the barfor 'Direct Vision, lorries in October. TfL's 'Direct Vision Standard, pemiit system ensures lorries where the drivèrfs view is heavily obstructed are prohibited from entering the capital. The standard is further set to rise from one stsr to three stars vision later in 2024 and lorries which don't meet the standard will have to have upgraded cameras and alert systems to improve driver awareness of pedestrians and cyclists near their vehicles. LCC campaigning led directly to TfL and the Mayorfs Direct Vision pemiit programme and TfL has released data showing that their approach has already dramatically cut falal collisions involving lorries in London. LCC therefore aims to celebrate the next steps for Direcl Vision standards and further use this moment to highlight the efficacy of our campaigning activities. LCC will also in the next year be providing a 'vision' for Sadiq's legacy, with his current four-year term likely to be his last. We've already looked to Paris. transformation under Mayor Anne Hidalgo, and will be impressing upon the Mayor the urgent need to take action for London to continue embracing active travel and the benefits it brings. and showcasing ways forward for Sadiq to demonstrate political will and transform London for the better- there is little time left for him to meet his own climate. safety and other transport tsrgets, and as ever LCC will be at the forefront of helping him make change. 13

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT (continued) 4. Funding & Finance We aim to align our expenditure wilh income so that the funds raised are used effectively to further the charitsble objectives of the LCC. Total income was £1,211,126 (2023.. £1,367,543) with total expenditure of £1,209,432 (2023: £1,137,062) giving a surplus of £1,694 {2023.' surplus £230,481). The charity's main sources of funding are donations, legacies and membership income. Donations We have continued to have strong supportfrom our Patrons Ne￿Ork and donors. In the year, we received £410,055 {2023- £272,279). The increase largely driven by generous Patron donations. These donations support LCC'S work in general and, in particular. our major campaigns. This year saw close alignment of our engagement with Patrons with specific campaigns and projects. We are still growing the Patrons Network. St is an aGtive group with new people coming to the table all the time. We have been able to maintain a good core group. who in turn help us recruit new donors to the network. We remain grateful to members of the network who continue to provide gifis in kind, such as meeting room spaces and speaker5 for events. as well as making introductions to potential new donors and corporate partners. Legacies This year. we have received no income from legacies and an overprovision in the previous year leads to £6,281 negative income12022.. £303,000). The legacy income was allocated to a designated reserve "Funds designated for Campaigning- which was used to maintain and strengthen our campaigning activities. The board has decided to shift the focus of the use of the legacy fund to inv8stm8nt in strengthening the organisation as a whole and the designated reserve has been renamed the"Investment reserve,. We continue to work to encourage others to consider remembering LCC in their wills. Membership income Income from membership for the year was £610,357 (2023: £565,144). The increase reflects an increase in subscription prices and an improvement in our gift aid claim processes. New member recruitment continues to be our main priority - for direct income generation, further strengthening advocacy, and providing a plalfomi for other income generating activity. Over the next yearthe activities we have planned include a major project to upgrade our Membership and supporter datsbases. This is the first stage of a comprehensive membership review which will result in, amongst other things, new initiatives to market membership at a local level. 14

LONDON CYCUNG CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT {continued) Partnerships We continued our successful partnerships wilh Trek Bikes, Lime, Osbornes Law and Happy Streets Foundation and commenced new partnerships with Abus and Yellow Jersey. We thank them for their support. Fundraising ¢ode LCC complies with the Fundraising Code. Our fundraising takes the form of- public appeals via digital media (only sending fundraising emails tothosewho have given consent to recetving them in accordance with GDPR). the raising of corporate sponsorship. the cultivation of a network of patrons. LCC does not fundraise by telephone. other than to make contact once with people whose membership has recently lapsed, to inform them of that fact and process any renewals requested. Neither does it conduct on-street fundraising or pay others to fundraise from the public for LCC. 5. Reserves Policy LCC'S income comprises unrestricted income (membership fees. donations, legacies, and other charitable income), restricted income and branch income, which is treated as restricted income. To ensure that LCC is able to meet its liabilities as they fall due, the Trustees review the level of free reserves annually. Free reserves are unrestricted reserves adjusted for operational fixed assets. Local group reserves are not included. In the year to 31 March 2024, unre51riGted income is further divided into unrestricted general funds and investment reserve fund with legacies designated to maintain and expand the campaigning capabilities of the charity. At 31 March 2024. unrestricted general reserv8s were £226,069 (2023: £154,333). The designated Inveslment reserve stood at £110,840 (2023.. £211,125). At that dale Free reseNeswere £187,158 (2023: £128,349). The Trustees, reserves policy is based on: (a) the income and expenditure budget and the cash flow budget for the financial year, (b) a "safety margin" to cope with any possible poor income generalion over the finan￿al year andlor unexpected loss of income streams and (G) past experience of managing difficulties. 15

LONDON CYCLING CAIqPAIGN, A COMPANY LIMrrED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ￿RCH 2024 TRUSTEES, REPORT (continued) On this basis, the Trustees believe that the charity should aim for free reserves of £180.000. This is a small increase on last year's larget of £140.000 and reflects a slighdy more cautious approach. Each Branch reviews their own level of reserves based on the level of activity of that Branch. Each Branch ensures that they have sufficient but not excessive reserves to meet the likely needs of their group. 6. Statement of Risk Policy and Internal Controls The Trustees and subcommittees of the Board review the major risks to thè viability of the organisation and its ability to meet ils objectives as part of the budget setling process. Significant risks that have been identified during the year {i.e. those viewed as having a high impact on the organisation's abilty to deliver its objectives) are normally raised with the Treasurer. the Chair of the Business Committee and the Chair of LCC. The Senior Management Team also reviews major risk5 on a monthly basis and the CEO reports on risk management to the Business Committee, which meets every two months. The CEO mainlains a risk register, r8viewed at the Board meetings. Each year the Business Committee reviews the Charity Commission's Internal Financial Controls checklist and makes changes to the financial policies and procedures where appropriate. The Twstees are satisfied sufficient controls are in place to mitigate the major risks. The risk management approach laken by the organisation is that all staff should be aware of the risks in th8ir area and bring any risk likely to have a significant impact on the charity to the nolice of senior managers. Senior managers assess the risks to the organisation during the annual budgeting process and monitor these at least monthly and include mitigation strategies within operational plans. The Board is aware that independent assurance of the risks and their mitigation is a legal responsibility. and to provide additional assuranGe Trustees examined a variety of data during the year, including= Monthly management accounts Full bi-monthly Staff Reports, including from th8 CEO Standardised r8POrts from committee chair5 at each Board meeting Reports from managers to committees on operational activities The main risk to the organisation during 202312024 was being able to generate enough income, particularly due to thg Cost-of-living crisis. Contingency planning remains in place to adjust costs as ne8d8d should the current positive financial situation change. 16

LONDON CYCLING CAMPAIGN. A COMPANY LIMITED 8Y GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT (continued) 7. Staff Remuneration LCC has a formal and transparent pay scale. The grade and pay for each vacancy are set by the senior manager responsible for that recruitment lin conjunction with the Chief Executive) according to the Job Description; it is advertised openly. Movement along the pay scal8 of existing staff is determined according to changes in their Job Descriptions. Grades and pay are externally benchmarked periodically. 8. Going Concern The trustees have a reasonable expectation thal th8 charity has adequate resources lo continue in operational existence for at least the next year. The trustees review the charity's reserves policy periodically. Free reserves are budgeted to be £173.849 al 31 March 2025. This is 970/0 of the target level of reserves. Membership income accounts for some 500/D oftotal income and is relatively stable. The charity continues to monitor membership subscriptions and is taking appropriate steps to retain existing members and attract new members. The charity recommenced claiming gift-aid on membership subsGriptions from March 2020. It believes that Ihe claims are valid and should be paid. There is, however. a risk that HMRC may take a different view. Should that happen. the charity would adjust costs accordingly. other sources of income are less stable. Should new work not be found, or donations not materialise, the charity would adjust costs accordingly. Tha organisation maintains a robust, timely. financial reporting schedule which enables prompt action to be taken in the event of a change in financial circumstances. The trustees continue to adopt Ihe going concern basis of accounting in preparing the financial statements. There are no known, material uncertainties regarding the charity's ability to continue as a going concem. 17

LONDON CYCLING CAPIIPAIGN, A COMPANY LIMrrED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT {continued) 9. Trustees, Responsibilities The Trustees (who are also directors for the purpose of company law} are responsible for preparing the Trustees, Report and the financial stalements in accordance with applicable law and regulalions. Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom AGGounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of th8 charitable Company and the results of th8 charitable Gompany for that period. In preparing these financial statements. the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. prepare the financial statem8nts on the going concern basis unless it is inappropriatè to presume that the charitable company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence lor taking reasonable steps for Ihe prevention and detection of fraud and other irr8gularities. Th8 Trustees are responsible for the maintenanc8 and integrity of the Gorporat8 and financial infomiation included on charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislations in other jurisdictions. Disclosu￿ of informatlon to auditors Insofar as the Trustees are aware: there is no relevant audit information of which the charitable company's auditor is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to 8stablish that the auditor is aware of that information. 18

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REPORT (continued) 10. Appointment of Auditors The charity's auditors are appointed annually by a Resolution of the charity's Annual General Meeting. At the AGM in December 2023 UHY HaGker Young were reappointed as auditors for a further year. 11. Small Company Provisions Statement These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, r&gime. This report was approved by the Trustees at their meeting on 30th September 2024. Signed by.. Eilidh Murray, Chair and Trustae, on behalf of the Board 19

LONDON CYCLING CAMPAIGN. A COMPANY LIMITED BY GUARANTEE- COMPANY NLIMBER 017fj6411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Independent Auditor's Report to the Members of London Cycling Campaign Opinlon on the financial statements In our opinion, the financial statements- give 3 true and fair view of the state of the Group's and of the Parent Charitable Company's affairs as at 31 March 2024 and of the Group's incoming resources and application of resources and the Parent Charitable Company's incoming resources and application of resources for the year then ended" have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice" and have been prepared in accordanGe with the requirements of the Companies Act 2006. We have audited Ihe financial statements of London Cycling Campaign {-the Parent Charitable Company.) and its subsidiary {"Ihe Group") for the year ended 31 March 2024 which wmprise Ihe Group Ststement of Financial Activities, the Group and Charity Balance Sheet, the Group Cash Flow Ststement and notes to the financial statements, including a summary of significant accounting policies. Th8 financial r8POrting framework that has b8en applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard in the UK and Republic of Ireland (Unitèd Kingdom Generally Accepted Accounting Practice). Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs {UK)l and applicable law. Our responsibilities under those standards ar8 further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We believe that the audit evidenGe we have obtained is sufficient and appropriat8 to provide a basis for our opinion. Independence We remain independent of the Group and the Parent Charitable Company in accordance with the ethical requirements relevant to our audit of the financial statements in the UK. including Ihe FRC'S EthiGal Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiretnenls. Conclusions related to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statemenls is appropriate. Based on the work wo have performed. we have not identified any matorial uncertainties relating to events or conditions that, individually or collectively. may Gast Significant doubt on the Group and the Parent Charitable Company s ability to continue as a going concom for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the relevant seotions of this report. 20

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Other Information The Trustees are responsible for the other information. The other infomialion comprise5 the infomation included in th& Annual Report. other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwis8 explicitly stated in our report. we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we ale required lo report that fact. We have nothing to report in this regard. Other Companies Act 2006 reporting In our opinion, based on the work undertaken in the course of the audit- the information given in the Trustees, Report. which includes the Dire¢tors' Report prepared for the purposes of Company Law, for the finanGial year for which the financial statements are prepared is consistent with the financial statem8nts' and the Directors. Report. which is included in the Trustees, Report, has been prepared in accordance with applicable legal requirements. In the light of the knowledge and understanding of the Group and the Parenl Charitable Company and its environment obtained in the course of the audit. we have not identified material misstatement in the Trustees. Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion- proper and adequate accounting records have not been kept by the Parent Charitable Company, or returns adequate for our audit have not been received from branches not visited by us; or the Parent Charitable Company financial statements are not in agreement with the a¢counting records and returns; or certain disclosures of Directors, remuneration specified by law are not made., or we have not r8ceived all the information and 8xplanations we require for our audit. Responsibilities of Trustees As explained more fully in the Statement of Trustees, Responsibilities, the Trustees {who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Trustees determines is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the Parent Charitable Company's ability to continue a5 a going concem, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the Parent Charitable Company or to ¢ease operations, or have no realistic altemative but to do so. 21

LONDON CYCUNG CAMPAIGN, A COMPANY LIMITED BY GUAIiANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Audltor's responsibilities for the audit of the financial statements We have been appointed as auditor under the Companies Act 2006 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtsin reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report Ihat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregale, they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial statements. Extent to which the audit was capable of detecting irregularities. includsng fraud Irregularities. including fraud, are instsnces of non-compliance with laws and regulations. We design prO￿dureS in line with our responsibilities. outlined above, to detect material misstatements in respect of I￿egula￿ties, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below: Non-compliancg Wlth laws and rggulations Based on: our und8rstanding of the Group and the Parent Charitable Company and the sector in which it operates., discussion with management and those charged with governance. and obtaining an understanding of the Group's and the Parent Charitab18 Company's policies and procedures regarding compliance with laws and regulations., We considered the significant laws and regulations to be the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021, the Charities SORP IFRS 102), the Charities Act 2011, the Companies Act 2006 and UK tax legislation. The Group is also subject to laws and regulations where the consequence of non-compliance could have a malerial effect on the amount or disclosures in the financial statements, for example through the imposition of fines or litigations. We identified such laws and regulations to be the Health and Safety Act 1974. thè Data Protection Act 2018, Employment Rights Act 1996 and the Bribery Act 2010. Our procedures in respect of the above included= Review of the financial statement disclosures and agreeing to supporting documentation,. Review of minutes of meetings of those charged with govemance for any instance of non- compliance with laws and regulations- Review of correspondence with regulatory and tax authorities for any instances of non-compliance with laws and regulations- and Review of legal expenditure accounts to understand the nature of expenditure incurred. Fraud We assessed the susceptibility ofthe financial statements to material misstatement. including fraud. Our risk assessment procedures included.. Enquiry with management and those charged with govemance regarding any known or susp8ded instances of fraud" Obtaining an understanding of the Group's and Parent Charitable Company's policies and procedures relating to- Detecting and responding to the risks of fraud. and Internal controls established to mitigate risks related to fraud. Review of minutes of meetings of those charged with govemance for any known or suspected instances of fraud., 22

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Discussion amongst the engagement team as to how and where fraud might occur in the financial statements", Performing analytical procedures to identify any unusual or unexpected relationships that may indiGate risk of material misstatement due to fraud. Based on our risk assessment, we considered the areas most susceptible to fraud lo be journals and key estimates and'judgements. Our procedures in respect of the above included.. Testing a sample ofjoumal entries throughout Ihe year, which met a defined risk criteria, by agreeing to supporling documentation; Assessing significant estimates and judgements made by management for bias, including the allocation of support costs" Testing the existence and accuracy of income recognised in the year. We also communicated relevant idenlified laws and regulations and potential fraud risks to all engagement team metnbers and remained alert to any indications of fraud or non-cofflpliance with laws and regulations throughout the audit. Our audit procedures were designed to respond to risks of material misstatement in the financial statements. recognising that Ihe risk of not detecting a material misstatement due lo fraud is higher than the risk of no detecting one resulting from error, as fraud may involve deliberate concealment by. for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transaclions reflected in thè financial statements. the less likely we are to becomè aware of it. A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council's website at frc.or .ukJaudilorsres onsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the Parent Charitable Company's members, as body, in accordancè with Chapter 3 of Part 16 of the Companies Act 2006. Our audit has been undertaken so that we might state lo the Parent Charitable Company s members those matters we are required to state to them in an auditor's report and for no olher purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Parent Charitable Company and the Parent Charitable Company's members as a body. for our audit work, for this report, or for the opinions we have formed. UH9 Tracey Moore BFP ACA (Senior Statutory Auditor) For and on behalf of UHY Hacker Young Chartered Accounlanls and Statutory Auditors Thames House Roman Square Sittingbourne Kent ME10 4BJ Date: 3 Ocbbef 2021 23

LONDOM CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Consolidated Statement of Financial Activities (including an Income and Expenditure Account) For the year ended 31 March 2024 Unrestrlctod general funds Designated fvnds R￿trI￿ed funds Branch frJnd$ Total Total Yèar 8nded 31 March 2024 Year &nd8d 31 March 2024 Year •nd8d 31 Mwch 2024 Year et)ded Year ended Year ended 31 ltrch 31 Iffjarth 31 March 2024 2023 No¢e Donation5 and Legacies charItsb￿ actiiitt8S 410.055 112811 4Q3.774 575.279 754151 17,992 35.209 807.352 792,264 Total Income 1,164,206 16,281} 17.992 3S,209 1.211,126 1.367.543 Expendttur8 Raigng funds Charitsble acb"Mtie8 167,OB5 167.085 108.063 920.193 4.083 24.067 1,042,347 1,028,999 Total 0X￿ndit￿re Net incor￿[(eXpe￿drtUre1 for the year beforo transfers Transfers between fiJnd$ 1,087.278 94,fy)4 4,083 24,067 1,209.432 I,137,(￿2 78,928 11fy),285) 11909 11.142 230,481 16 {S.192) 5.192 Net h)v•nn¢ In Funds 71,738 1100,2851 13,909 16,334 1.694 230,481 Fund balanc•s at 1 April 2023 154333 211.125 55,325 4217B3 192,302 Fund balances at 31 March 2024 16 110,840 1&909 71,659 424.477 422,783 All income and expenditure derives from continuing activities. The notes on pages 29 to 43 form part of these financial statements 24

LONDON CYCUMG CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Consolidated Balance Sheet As at 31 March 2024 31 March 2024 31 March 2023 Notes Flxed Assets Intsngible assets Tangib￿ assets 32,837 6.074 38,911 23,626 2.358 25,984 10 Current assets Stock 6,060 113,305 4,739 350,012 225,346 Debtors 12 Cash at bank and in haTh 13 542.159 580,097 Creditors - amounts falling due within one year 14 (156,593) (183,298) Net current assets 385,566 396,799 Total assets less current liabilities 424,477 422,783 Funds Unrestricted funds 16 226,069 110,840 15,909 71,659 154,333 211,125 2,000 55.325 Invesbment reserve 16 Restricted funds 16 Branch funds 16 4244TI 422,783 These accounts have been prepared in accordan￿ with the provisions applicable to companies subject to the small companies. regime. The notes on pages 28 10 42 form part of these financial statements. The accounts were approved by the Board and authorised for issue on 30th September 2024 Signed by: Simon Clark, Trustee and Treasurer Eilidh Murray. Trustee and Chalr of the Board of Trustees 25

LONDON CYCUMG CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity Balance Sheet As at 31 March 2024 31 March 2024 31 March 2023 Notes Fixed Assets Intsngible assets Tangible assets InvpstrrEnt in Trading Company 32.837 6,074 23,626 10 11 38,913 25,986 Current a5set5 Stock 6,060 4,739 344.605 212,957 Debtors 12 112,911 409.319 Cash at bank and in hand 13 528.290 562,301 Credilors - amunts falling due within one year 14 (156,593) {183,298) Net current assets 371,697 379,003 Total assets less currenl liabilities 410,610 404.989 Fund5 Lh)restricted funds 16 212,202 110.840 15,909 71.659 136,539 211,125 InvesthEnt rese 16 Restricted funds 16 Branch funds 16 55.325 410,610 404,989 These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. The notes on pages 28 10 42 form part of these financial 5talements. The accounts were approved by the Board and authorised for issue on 301h Sept&mber 2024. Signed by.. Simon Clark. rustee and Treasurer Eilidh Murray. Trustee and Chair of the Board of Trustees 26

LONDON CYCUNG CAMPAIGN. A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Consolidated Statement of Cash Flows For the year ended 31 March 2024 Year ended 31 March 2024 Year ended 31 March 2023 Note Cash flows from operating activitios: Net cash generated byl(used in) operating ackn'mties 228,961 17,368 Cash flows from investing activiiies: Purchase of intsngible fixed assets Purchase of tangible fixed assets Net cash used in investing acb'vities 10 11 (26,051) (5,462) (31,513} (18.044) (2,828) 120.872) Change in cash and cash equivalents in the year 197.448 (3.504) Cash and Gash equivalents at Ihe beginning of Ihe year 225.346 228,850 Cash and cash equlvalents at the end of the year {b 422,794 225,346 la) Reconciliation of net expenditure to net cash flows from operating activities Year ended 31 March 2023 Year ended 31 March 2023 Net income for the year 1,694 230,481 Adjusfments for.. Armrtisation charged in the year Depreciation charged in the year Mo*ment in stock MO￿n￿nt in debtors MO￿￿Ent in creditors 16,840 1,746 (1,321 236,707 (26,705) 12,267 1.186 {3,978> (273,577) 50.989 Net cash flow from operating activities 228,961 17,368 Ib) Anatysis of cash and cash equivalents and net debt Year ended 31 March 2023 Year ended 31 March 2023 Cash held centrally Cash held by Branches Total cash and cash equiva￿nts 346,379 76,415 422,794 154.260 71.086 225,346 Debt Total cash and cash equirdlents less debt 422,794 225,346 27

LONDON CYCLING CAMPAIGN, A COMPANY LIMITEO BY GUARANTEE- COMPANY NUMBER t1178fj411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 Notes Forming Part of the Financial Statements 1. Accounting Policies General Information and basls of accounting London Cycling Campaign is a company limited by guarantee (registered number 01766411), incorporated in England & Wales. It is governed by ils Memorandum and Articles of Association and its registered office is Rh.206 The Record Hall, 16 - 16a Baldwins Gardens, London, EC1N 7RJ. Its main activities are as noted in the Trustees Report. Th8 financial statements have been prepared under the historical cost convention, and in accordance with the Charities SORP (FRS 102) (second edition) "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 Republi¢ of Ireland" the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 {January 2022) and the Companies Act 2006. London Cycling Campaign meets the definition of a public benefit entity under FRS 102. The charity's functional and presentational currency is pounds sterling. The financial statements have been prepared on the basis that the charity is a going concern as the Trustees have a reasonable expectation thal there are adequate resources available to fund the activtties of the charity for the foreseeable future. The Trustees have put in place plans to redu¢e costs should income reduce below planned levels. Therefore, the Trustees are satisfied that the charity remains a going Goncern. The preparation of the financial statements requires the Trustees to make estimates and assumptsons that affect th8 r8POrted amounts of revenues. expens8s, assets and liabilities, and the disclosure of contingent liabilities at the date of the financial statements. If, in the future, Such estimates and assumptions, which are based on the Trustees, best judgément at the dale of the financial statements, deviate from the actual circumstances, the original estimates and assumptions will be modified as appropriate in the year in which the circumstances change. The Trustees consider that there are no key sources of eslimation uncertainty. Basis of consolldation The financial slatements consolidate the results of the charity and ils wholly owned subsidiary, London Cycling Campaign Trading Limit8d (the Group), on a line-by-line basis. A separate Statement of Financial Activities and Incom8 and Expenditure Account for the charity has not been pr8s&nted because advantage has been taken of the exemption afforded by section 408 of the Companie5 Act 2006. Exemption from the requirement to disclose transactions be￿een the charity and its subsidiary company has been taken under section 33.1A of FRS 102 as the transactions occur between wholly owned members. The charity has taken advantage of the dis¢losure exemption permitted by FRS 102 of the requirements of Section 7, -statement of Cash Flows". to not disGlose a charity-only Statement of Cash Flows. The results of the charity are present@d in note 23 of these financial statem8nts. 28

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01T66411 rRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 Notes Fomiing Part of the Financial Statements (continued) 1. Accounting Policies (continued) Accounting for separate funds The financial statements of a charity must differentiate between restricted and unrestricted funds and the fund types used in the Statement of Financial Activities are explained below.. Local rou funds are the funds of local groups. which exist in nearly all London Boroughs. As these groups operate independently at a local level, their financial activities and assets and liabilities are identrfied separalely and treated as restricted funds of the charity and separated in the Slatement of FinanGial Activities and BalanGe Sheet. Restricted Funds are funds subject to specific conditions imposed by the donor or by the specific terms of the charity appeal. General Unrestricted funds are the funds of the charity available for the general activities of the charity. Investment Reserve are the funds designated by th8 Trustees and sel aside to develop and improve the charity. Income Grants. donations, bank and other interest receivable and oth8r sundry income are recognised as income in the Financial Statements when the charity has entitlement to the funds, any performance conditions attached lo the item of income have been met, and it is probable that the income will be received, and the amount can be reliably measured. Membership income is treated on the basis that membership subscriptions received comprisg tsvo main elements: one element is treated as a payment for th8 member benefit of public liability insurance, the remaindèr of the subsGriplion is treated as a donation to the charity. The part ofthe membership income which is treated as being a payment for a member benefit is recognised on a straighl-line basis over the 12 months following renewal of the annual membership, unearned income being accounted for as membership income deferred at the end of the accounling period. The part of the membership income which is treated as a donation is recognised in full when received. Gift Aid is recognised in the Statement of Financial Activities when it is due from HMRC. Invoiced income for services provided is recognised in the Statement of Financial Activities when the service has been provided. In the case of contracts which are partially complete these are valued taking into account expected income, anticipated costs and the proportion of the work required which has been carried out at the balance sheet dat8. Sponsorship income is recognised in the Statement of Financial Activities when invoiced, subject to adjustment if the sponsored activity is not substantially complete at the year end. Investment income is recognised on an accruals basis. Expenditure Expenditure is recognised once ther8 is a legal or constructive obligation to make a payment to a third paty. it is probable that settlement will be required. and the amount of the obligation can be reliably measured. All expenditure is accounted for on an accruals basis_ All expenses including support costs and governance Gost5 are allocated or apportioned to the applicable expenditure headings. Expenditure is classified under the following headings= Costs of raisin donations Direct costs of raising donations are the costs of producing publicity in relation to particular fundraising appeals, the cost of branded clothing provided to participants in fundraising events and sundry processing and other costs. 29

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 1. Accountlng Policies (continued) Expenditure (continued) Charilable activities Charitable Expenditure is analysed to reflect expenditure associated with the activities of the charity-. Membership Services. Direct Campaigning and income to support Behaviour Change. ort costs and ovemance costs Support costs are those fvnctions that assist the work ofthe charity but do nol directly involve the undertaking of charitable activities. SuptK)rt costs include premises. IT. Finance, HR and governance costs which support the work of the charity. These costs have been allocated between costs of raising funds and expenditure on charitable activities. Note 6 shows details of how these costs have been allocaled. Govemance costs are the costs of goveming the charity and include such items as statutory compliance, the audit of these Financial Statements, formulation of LCC strategy, Trustee training and other activities of the Board of Trustees. Support costs have been allocated to 8ach restricted fund on the basis of the appropriate grant fvnding agreèment for that fund, and Ihe remainder of these costs have been allocated to the charity's activities funded by unrestricted funds on the basis of staff input for these activilies. Support costs are apportioned on the basis of the amount of full-time equivalent siaff time spent. Taxation As a registered charity, London Cycling Campaign is not liable to Corporation Tax on charitable donations receiv&d, income and surpluses arising from trading in furtherance of its charitable objectives or investment income and gains. Some trading activities undertaken by London Cycling Campaign might b8 dèemed, for tax purposes, to be non-charitable. As a result, surpluses from these activities could be subject to Corporation Tax if they arose in the charitable company. London Cycling Campaign. Activities where this is a risk are therefore undertaken by a subsidiary company, London Cycling Campaign Trading Limited. Surpluses from these activities are potentially subject to Corporation Tax. However, no Corporation Tax arises as any surplus generaled within the subsidiary is paid to the charilable company as a donation subject to Gift ￿d. Gift Aid is claimed on donations. For all Gift Aid which has been claimed. the donor has signed a gift aid declaration, and the particular donation complies with the requirements for Gift Aid. Irrecoverable VAT Amounts of irrecoverable VAT that arise in the year are included in finance costs and allocated in the Statement of Financial Activities in the same way as other support costs. Fixed assets Assets which cost £1.000 or more are capitalised. Intan ible fixed ass&ts and amortisation Intangible fixed ass8ts are stated at cost less amortisation. Amortisation is provided at rates calculated to wrile off the cost of these fix8d assels, less their estimated residual value, over their expected useful lives on the following basis- Website Membership database 330/0 a year on a straighl-line basis 330/0 a year on a straighl-line basis 30

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 1. Accounting Policies (contlnued) Fixed assets Icontlnued) Tan ible fixed asset5 and de reciation Restricted funds may. on occasion, be used for the purchase of tangible fixed assets, in accordance with the terms of the grant. On acquiring the asset, it is deemed to be an unrestricted asset of the Charity as the restriction has been met in full by the acquisition of the asset. As such. the amount of income used to purchase any fixed assets from restricted funds is transferred to unrestricted funds. along with the related expenditure. Tangible fixed assets are staled at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets. less their estimated residual value, over theif expeGted usefijl lives on the following bases: Furniture & fixtures: Office equipment: IT equipm8nt'. 20 /0 a year on a slraight-line basis 25 % a year on a straight-line basis 330/0 a year on a straight-line basis Investment in tradin subsidia The investment in trading subsidiaries is includad al cost. Impairments Assets are reviewed for indications of impairmenl at each balance sheet dale. If suGh indicalion exists, the recoverable amount of the asset is estimated and compared to the Carrying amount. Where the carrying amount exceeds the recoverable amount, an impairment loss is recognised in the Statement of Financial Activities. Stock Merchandise stock is stated at the lower of cost and net realisable value. Debtors Debtors are recognised initially at fair value. Subsequent to initial recognition, they are measured al amortised cost using the effective interest method, less any impairment losses. Trade and other debtors are recognised at the amount due on the day that they arise. Prepayments are amounts paid in advance and are stated at the actual amount that has been prepaid. Cash and Cash Equivalents Cash and cash equivalents represent amounts held within current or deposit bank accounts. Creditors Creditors are recognised initially at fair value. Subsequent to initial recognition. they are measured at amorlised cost using the effective interest method. Creditors and accruals are recognised when the Charity ha5 an obligation to make a payment to a third party. Operating leases Rentals on operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term. An opefaling lease is a lease in which the lessee has not taken on substantially all the risks and rewards of ownership of the leased asset. The benefits of incentives to sign propety leases. includ ing rent-free periods, are spread on a straight-line basis over the lease term. Pensions The charity operates a non-contributory Group Pension Scheme. This scheme is a defined contribution schome and contributions by the Gharity are charged to the Consolidated Statement of Financial Activities in the month to which the contributions relate. The charity contributes 80/0 of salary for employees. All assets of the pension fund are held separately from LCC and do not form part of these financial statements. 31

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Fomiing Part of the Financial Statements (continued) 2. Donations and Legacies Unrestricted general funds Can4)aigning designated funds Year ended 31 March 2024 Year ended 31 March 2023 Donations Legacies 410,055 410.055 (6,281) 403,774 272,279 303,01 575,279 6,281) 6,281 410,055 In the previous year to 31 March 2023, £272,279 was represented by unrestricted funds and £303,CQO by designated funds. 3. Income from charitable activities Unre$trict9d general funds Restrl¢ted funds Branch fvnds Year ended 31 March 2024 Year ended 31 rch 2023 restated hlkniberthip Inco￿ Direct campaigns incorr Beham￿r Charo8 inco 610.357 51.642 91152 754,151 610,357 86,851 110,144 807,352 615.114 82,154 209 17.992 17,992 792,264 In the previoLS year to 31 March 2023, £761,014 was retKeserted by unrestricted fijnds, £2,790 by ￿trItt￿l fvnds and £28,460 by local groups. F(Y Ihe 31 March 2023 C(Xnparati￿ figures. £50.000 has been ￿na￿Sed from diiect campaigns incorYE to rr£rrbership Inco￿￿. 4. Cost of raising donations DirgGt staff costs Other dlrect Support costs (note 61 Year gnded 31 March 2024 Year ended 31 March 2023 Cost of Paising Donations 122,610 3.1)07 41,468 167,085 lo8,￿3 5. Expenditure on charitable activities Direct staff ¢osts Other dlrect costs Support costs {note 6 Ygar ended 31 March 2024 Year ended 31 ￿r¢h 2023 Membership Direcl campaigns Direct campaigns- Branches Beha￿lOUr Change 181.222 81,443 24.067 43.276 330.008 44794 143.542 306.220 416.129 24.067 295.931 1,042.347 317.859 562,552 20.493 128,095 1,028,999 191,144 218,578 489,926 34,077 222,413 ExpetKliture on charitable actimties wa5 £1,042,347 (2023: £1,028.999) of which £920,193 (2023 £913,631) was Un￿strIcted, £94,004 (2023: £91,875) was investment reSe￿e expenditure, E24.067 (2023.. £20,493) represented eynditure by local groups aThY £4,083 (2023: £3,000) was restricted. 32

LONOON CYCLING CAMPAIGN, A COMPANY UMITED BY GUAFiANTEE- COMPANY NUMBER 01768411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 6. Support costs Year ended 31 March 2024 Year ended 31 March 2023 Staff costs {Support & &)vernance> Incidental HR costs Premises Office sermces Liability insurance IT costs Finance costs Direct go￿rnanCe costs 110,841 23,575 47,070 9,078 9,763 26,442 15,393 21,719 263,881 124,360 7,445 69.415 7,918 9,822 26,682 19,552 18,565 283.759 Direct governance costs includ8 external audit fees of £9,650 {2023- £9,350). Staff costs include £28,299 {2023.' £35,538) of staff costs relating to governance. Total Gosts of govemanGe were £50.018 (2023: £54,103). Support costs are apportioned on the basis of the amount of full-time equivalent operational staff time spent. The basis of this allocation is as follows: Year ended 31 March 2024 Number of staff Year ended 31 March 2023 Number of staff Raising Donations 15.9% 11.30/0 Merrt)ership Direct campaigns Behaviour Change Charitable activitie5 16.70/ 54.70/0 12.7° 84.10/0 19.3Yo 57.30/0 12.1Vo 88.70/0 10.6 11.0 Operational Total 12.6 100.0010 12.4 Support Total 14.9 15.0 The average monthly head count was 17.8 staff (2023 18.7 staff) (Note 7). The total of 12.6 staff full-time equivalent in operational areas is derived by taking account of the part time stsff deployed in each area. Allocation of support Costs Year ended Year ended 31 March 2024 31 V&rch 2023 Cost of raising donations- note 4 Eypenditure on charitable actimtses - rK)te 5 41,468 222,413 263,881 32.496 251,263 283,759 33

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE_ COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 7. Analysis of staff costs, Trustee remuneration and expenses, and the cost of key management personnel Staff Costs Year ended 31 March 2024 Year ended 31 ￿rch 2023 Wages and salaries s￿la1 security costs Other pension Gosts 618,548 57.793 47.036 723.377 591.484 56.258 46,336 694,078 Staff Numbers Year ended 31 March 2024 17.8 14.9 Year ended 31 ￿rch 2023 18.7 15.0 ANErage rnnthly headcount Average fum time equivalent Pension costs are allocated to activities in proportion to Ihe related staffing Costs incurred. At the year end, total pension contributions of £6,959 (2023- £4,756) are included within other creditors. There were no employees who received total employee benefils in the range £70,001 to £80,00012023- one). Pension contributions in respect of employees paid over £60,000 amount8d to £nil {2023'. £6.021). The charity Trustees were not paid and did not receive any other benefits from employment with the charity or its subsidiary in the year (2023= £nil). Neither were they reimbursed expenses during Ihe year12023'. £nil). No charity Trustee received payment for professional or other services supplied to the charity or its subsidiary (2023: £nil). The key management personnel of the parent Gharity comprise the Trustees, the Chief Executive, the Cycling Projects Manager, the Head of Marketing and Membership, tha Partnerships Manager and th8 Head of Campaigns. The total remuneration of the key management personnel of the parent chartty (including employer's pension contributions) were £300.804 (2022.. £286.844). The wholly owned subsidiary, London Cycling Campaign Trading Limited, employs no staff. Therefore. the total remuneration of the key management personnel of the group are as stated above for the ¢h8rity and Ihe Group. 8. Incomel(expenditure) for the year Incomellexpenditure) for the year is stated after charging- Year ended Year ended 31 March 2024 31 March 2023 Auditorfs rernjneralion - stattrtory audit Auditor's rerwneration - taxation Amrtisation Depreciation erab'ng leases: Land and Buildings Other 9,350 300 12,267 1,186 38.314 1,948 375 16,840 1,746 39,303 1,948 34

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMP•lNY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 9. Intangible Fixed Assets Website Membership database Total Cost At 1 April 2023 Additions At 31 March 2024 46,344 23,026 69,370 3.025 26.051 3.025 72,395 A￿K)rtisatIon At 1 April 2023 Charge for year At 31 March 2024 22.718 16,756 39.474 22,718 16,840 39.558 84 84 Net Book Value At 31 March 2024 Al 31 M9rch 2023 29,896 23.626 2.941 32,837 23,626 10. Tangible Fixed Assets Furniture & Fixtures Office Equipment Total Equipment C¢>st At 1 April 2023 Additions Disp)sals At 31 March 2024 2.164 11,915 5.462 6.062) 11,315 2,519 16.598 5,462 6.062 15,998 2,164 2,519 Depreciation At 1 April 2023 Charge for year Eliminated on disp)5al At 31 March 2024 2,164 9,698 1,605 6,062 5.241 2,378 141 14,240 1.746 6,062 9,924 2.164 2,519 Net Book Value At 31 March 2024 At 31 March 2023 6,074 2,217 6,074 2.358 141 35

LONDON CYCUNG CAMPAIGN, A COMPANY LIMrrEO BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 11. Investment in trading subsidiary The charity, London Cycling Campaign. owns iwo £1 shares in a wholly owned trading subsidiary, London Cycling Campaign Trading Limited incorporated in the United Kingdom (company number 09515524, registered office Rh.206 The Record Hall. 16 - 16a Baldwins Gardens. London. EC1N 7RJ. The trading subsidiary donates all its profit to the charity under the gift aid scheme. The summary financial performance of the trading subsidiary is: Year ended 31 Year ended 31 March 2024 March 2023 Total income Total expenditure (Loss) / profit for the year 130,636 {134,563) 3,927 136,354 1130.1481 6.206 Totsl net assets 13,867 17,794 12. Debtors Group 31 March 2024 31 March 2023 Charit 31 March 2024 31 March 2023 Trade debtors other debtors (Med by subsidiary Prepayn*nts 13,227 61,243 56,016 256,796 217 61.243 12.616 38.835 112.911 40,675 256.296 10,434 37,200 344,605 38,835 113,305 37,200 350,012 13. Cash at bank and in hand Grou 31 March 2024 Char 31 Pkrch 2024 31 ￿rch 2023 31 March 2023 Cash hekj centrally Cash hekj by Branches 346,379 76,415 422,794 154.260 71,086 225,346 332.904 76,415 409,319 141,871 71,086 212,957 36

LONDON CYCUNG CAMPAIGN, A COMPANY UMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements {continued) 14. Creditors - amounts falling due within one year Grou and Charit 31 March 2024 31 March 2023 Trade creditors Taxes and social security costs Accruals Deferred incorne (note 16) Crther creditors Branch creditors 66,673 19,556 13,572 41,081 10,955 4,756 156,593 48,814 20,658 15.000 78,942 6,124 15,760 183,298 15. Deferred income Group and Charty 31 March 2024 31 March 2023 Deferred behaviour change service delI￿ry InC0￿e Deferred mentsrship incorr 25,406 15,675 41,081 61.015 15.927 76,942 Group and Charity 31 March 2024 31 ￿rch 2023 Balance at 1 April Incotr£ released in the year Income defèrred in the year Balance at 31 March 76,942 (74,942) 39,081 41,081 55,114 {46,255) 68,083 76,942 Invoic8d income for behaviour chang& services provid8d is recognised in the Statement of Financial Activities when the service has been provided. In the Gase of contracts which are partially complete income is def8rred taking into account expected income, anticipated costs and the proportion of the work required which has been carried out. Membership income is treated on the basis that membership subscriptions received Comprise main elements.. one element is treated as a payment for the member benefit of public liabilily insurance. the remainder of the subscription is tr8ated as a donation to the charity- The part of the m8mbership income which is treated as b8ing a payment for a member benéfit is recognised on a straighl-line basis over the 12 months following renewal of the annual membership, unearned income being accounted for as membership income deferred at the end of the accounting period. The part ofthe membership income which is treated as a donation is recognised in full when received. 37

LONDON CYCLING CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUhlBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 16. Statement of funds - current year Group IApril 2023 lTrcome Expenditure Transfers 31 March 2024 Unrestricted funds: Genefal ftjnd Funds Designated for Carnpaigning I￿$￿ent Reserve 154,333 211,125 1,164.206 16,2811 11,087.2781 194,0041 15.1¥21 {110.8401 110.840 5,1921 226,L 110,840 336.SYJ9 365,458 1,157.925 1,181.282 Restrfcted funds Branches Hackw Ark- My Eke and Me GrosveTh)r North We5tsllinster Cycle B￿ldieS Green W￿e15 at Lea5ide 55.325 2,0(XJ 35,209 (24,0671 (2,0001 (2,000) (83) 5,192 71,659 8,LKJO 4,992 5,000 53,201 6,DOO 4,909 5,000 87,568 57,325 28.150 5,192 Total funds 422,783 1,211.126 11.JJ9,4321 424.477 Chariiv l April 2023 Incorne Expendlwre Transfer5 31 March 2024 Unresirtrted funds General ftjnd Funds D￿gnated for Carrpaigning In￿￿n￿t R8S8ri8 136,539 211,125 1,168,133 (6,281) (1,087,278) 194,0041 {5,1921 1110.8401 110.840 5,192 212,202 110,840 323 042 347,664 1,161852 1.181.282 Rèstrirted tund5 Branches Hackney Ark- My bike and Me &osvenor GreerEr FurLwe5 ￿nd North Westrninster Cycle Btxldies (fftn theels at Leaside 55,325 2,(WJO 35,209 (24,067) {2,OCX)) {2,0(X)) (83) 5,L92 71,659 8,000 4,992 5,000 6,OC(J 4,909 5,0(XJ 87,568 128,1SOI 5,192 Total funds 404,989 1,215,053 {1,209,432) 41Q,610 Funds De5¥nzted for Campaigning and Investment ReseNe Designated fLsnds rep￿sent le8acies generously bequeathed to the charity. In the year to 31 March 2024 these fund5 were used to maintain and enhance the LCC'S c3mpai8nin8 activities. In future the funds will be used to develop and improve the charity. The Charity's restricted funds during the yearwere represented by the followin8: Branches Thi5 repre5ent5 ftjnds of branches, which eyist in neady all LoThlon Bor0￿￿￿. As tFEse groups operdte iThlerEndendy at l(Kal le￿1, ttEir financial actrties arKi assets liabililies are identified separatety treated as restricted furKls of the charity. H3ckney Ark- My bike and Me Th&e funts are in respect of a Walking and Cyding grant to fvnd 'Hackney Ark- My Bike 6nd Me" projert. Gr05venorGreener Future5 Fund These fur￿15 are in respect of a grant from the Lon(kJn Community ￿ndatIOn. Gre￿￿r Futures Fund. To deliver the Cycle Bu(thYies proiert in ScKJth Westminster. The proiect is exrÈrted to run frjr two years with total furnling of É15.552 North Westminster Cycle Buddies These fiJTrts are in respect of a Walkiro at￿ Cycllng Grant, a Th Community Project. to deliver the Cycle Sudjies pYo]ect in North We5tmirster. The project is expected to run ts three years with total fvndiThJ of £lO.C Green Wheel at Leaside These fvnds are in resFect of a Walking aTrJ CycliThJ Grant, a TfL Community Project, to deliver ts Cycle training to children with neUtr￿lIsati1ty. The proiert Is exyEcted to run for three years with total fijnding of £lO,O(X) Transfe￿ bethen funds Duriro the year the fDltowirvJ transfer5 tetween funds were n￿de.. 1) £750 was t¥ansferred from Iccal grwps to unrestricted funds to fund project work. 2) E5,942 was transferred from unrestricted fvTrJ5 as grants were issued by LCCS head Offi￿ to the local groups. 3) £110,840 was transferred from the campaigning desi9nated fvrKJ to a new investment re5eTVe. 38

LONDON CYCUNG CAMPAIGN. A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMEPlfS FOR THE YEAR ENDED 31 MARCH 2024 Notes Fomiing Part of the Financial Statements (continued) 17. statement of funds - prior year Group l Aprfl 2022 Income ExpendltuYÈ TransfÈr5 31 March 2023 Unrestricted funds: General fund Fund5 Designated for Campaigning 141,833 1,033,293 303.000 1,336,293 (1,021.694) 91,875 1,113,569 gJ1 154,333 211,125 365,458 141,833 901 Restrfrted fund$ Bra￿he5 Hackney Ark- My bike and Me 48,2S9 2,210 50,469 28,460 (20,493) {3,000) 23,493 (￿1) 55,325 2.000 57,325 31,250 )L Total funds 192,302 1,367.543 {1,137.062) 422,783 Charity l April 2022 Income Expenditure Trar￿fer5 31 March 2023 UnrestrKted fvnds: General fvnd FuTrJs Designated for ca￿aIgnirrfJ 130,245 1,027,085 303,000 1.330,085 {1,021,692) 191,8751 1113 567 901 136,539 211125 347,664 130,245 901 Restrirted lunds Branche5 Hackney Arf(- My t4ke and Me 48,259 2,210 50,469 28,460 (20,493) 3.000 23,493 {￿1) 55,325 Total lunds 180.714 1,361.33S {1,137,060) 404,989 Branche5 This represents the funds of branches, which exist in nearly all LoTrJon Borough5. As these groLPS 0￿rate i1￿￿endentIY at a local level, their financial activities al￿ assets and liabilities are identified separately and treated as restricted fvTrJs of the charity. Hacknèy Afk- My bike #nd M? These fvnds are in restert of a Walknng Cycling grant to fvnd the "Hackney Ark- My Bike and Me" project. The project is expected to run for three years wsth 2023124 the final year. Funds dèsignated for campaigning These funds represent legaties gener(xJsly bequeathed to the charity. The funds will te used to maintsin enh3nce LCCS campaigning artivities. Transfers between funds During the year the fc4lowing transfers ￿tween furyjs We￿ made.. 1) £6,415 was transferred from local groups to unrestrirted fvnds to fvnd t￿lect worf(. 2) E5,514 was trarsferred from unrastricted fund5 as grants were issued by LCCS head office to the IwAI group5. 39

LONDON CYCLING CAMPAIGN, A COMPANY LIM￿ED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPOFtf AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements {continued) 18. Analysis of net assets betwoon funds Group 31 March 2024 Unrestrlcted Restricted Local group Funds Funds Funds Total Intangible Fixed Assets Tangible Fixed Assets Current Assets Current knabilits'es 32,837 6,074 449,835 151,837 336,909 32,837 6,074 542,159 156,593 424,477 15,909 76,415 4,7561 71,659 15,909 Group 31 March 2023 Unreslricted Restricted Local group Funds Funds Funds Total Intsngibl8 Fixed Assets Tangible Fixed Assets Current Assets Current Liabilitses 23,626 2,358 507,011 167,537 365.458 23,626 2,358 580,097 183,298 422,783 2,000 71.086 15,761 55,325 2,000 Charity 31 March 2024 Unrestrlcted Restricted Local group Funds Funds Funds Total Intangible FiyBd Assets Tangible Fixed Assets In￿knent in Trading Company Current Assets Current Liabilities 32,837 6,074 32,837 6,074 435,966 151,837 323,042 15.909 76,415 4.756 71,659 528,290 156,593 410,610 15.909 Charty 31 March 2023 Unrestricted Restricted Local group Funds Funds FuThJs Total Intangible Fixed Assets Tangible Fixed Assets In￿stment in Trading Company Current Assets Current Liabilities 23,626 2,358 23,626 2,358 489,215 167,537 347,664 2,000 71,086 15,761 55,325 562,301 183,298 404,989 40

LONDON CYCUNG CAMPAIGN, A COMPANY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 19. Related party transactions The Trustees are members of London Cycling Campaign. As such they pay the normal level of subscription and receive all the benefits of membership. There have been no other related party transactions during the current or previous year. 20. Commitments under Operating Leases At 31 March 2024 London Cycling Campaign had minimum lease payments under non-cancellable operating leases as follows: Group and Charity Land & Buiklings 31 March 2024 31 March 2023 Other 31 March 2024 31 March 2023 Total lease payments Within 1 year In 1 to S years 41,160 24.696 65,856 39,200 65,856 105,056 1.9L18 I,￿J8 I.￿)8 3,816 1,908 21. Volunteers Volunteers, who include our Trust88s. maka an important and significant contribution to London Cycling Campaign. All participants in LCC'S local groups - which ar8 the main face of the organisation with borough councillors and officers - are volunteers. Non-truslee volunteers are appointed to serve alongsid8 Trustees on Board subcommittees and a number of volunteers also get involved in detailed campaign work through bodies such as our Campaigns & Active Membership Committee. Volunteers also make a substantial contribution to the charity's London-wide campaigns, particularly at election time and when local issues of London-wide significance arise {su¢h as infrastructure improvements at major locations that can be replicated across London). In addition, a number of volunteers contribute to LCC by helping out with work in LCC'S office at the Record Hall. often on a regular basis. 22. Legal status of the charity The company is limited by guarantee and does not have share capital. Each member gives a guarantee of a sum not exceeding £1 to the ￿Mpany, should the company be wound up. No one individual memb&r has control. 41

LONDON CYCLING CAMPAIGN, A COMPAMY LIMITED BY GUARANTEE- COMPANY NUMBER 01766411 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Notes Forming Part of the Financial Statements (continued) 23. Financial performance of the charity The consolidated statement of financial activities includes the results of the charity'5 wholly owned subsidiary which eams sponsorship income, advertising income and other non-charitable income. The summary financial performance of the charity is: Year ended 31 March 2024 Year ended 31 March 2023 Total income Total expenditure Net movement in ￿ndS 1.215,053 {1.209.432) 5,621 1,361,335 (1,137,060) 224,275 42