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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 06288610 REGISTERED CHARITY NUMBER: 1120905

WHEELS FOR WELLBEING, A CHARITABLE COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

WHEELS FOR WELLBEING

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022

Page
Report of the Trustees 1
Statement of Financial Activities 8
Statement of Financial Position 9
Notes to the Financial Statements 10
Independent Accountants' Report 16
Income and Expenditure Account 17

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2022

The Trustees present their report and the independent examination of their accounts for the year ended 31 March 2022.

Reference and Administrative Information

Charity Name: Wheels for Wellbeing
Charity registration number: 1120905
Company registration number: 06288610
Registered Office and operational address:
336 Brixton Road
London
SW9 7AA
Management Committee
Kamran Mallick Chair
Tom Staniford Vice-Chair
David Strong Treasurer
Mai-Ling Savage Secretary
Lucy Swanson
Judy Fink
Anthony Fincham
Kevin Hickman
Suswati Basu
Company Secretary
Isabelle Clement
Director
Isabelle Clement
Accountants
Hilary Adams Ltd, Chartered Accountants, 158 High Street,
Herne Bay, Kent, CT6 5NP

Bankers

HSBC, 512 Brixton Road, London SW9 8ER

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 21 June 2007 and registered as a charity on 19 September 2007.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Page 1

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2022

Organisational Structure

The Company Directors are also called the Management Committee (the Board) in the governing document and are also Charity Trustees for the purposes of charity law. As a Disabled People’s Organisation, Wheels for Wellbeing strives to ensure that its Board is made up of at least 50% of Disabled Trustees. The current Board exceeds this.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Under the requirements of the Memorandum and Articles of Association, a third of the Trustees must retire from office at the Annual General Meeting each year. Officers are elected by the Trustees at the meeting following the AGM. Regular trustee skills audits are carried out to identify the resources available within the Committee and gaps are addressed through training and by seeking new members with the requisite experience. Future trustees are elected by existing trustees.

The Board oversees the work of the organisation at a strategic and policy level and scrutinises regular reports on financial matters and service performance. Since the start of the Coronavirus pandemic and throughout the reporting period, bi-monthly Board meetings were held on Zoom throughout the year. Day to day responsibility for the operation of the charity is delegated to the Director, Isabelle Clement. The organisation is lean and efficient, with a very small core team based in the Head Office in Brixton (but largely working from home during the year due to the pandemic), driving the policy and campaigning, advisory, advocacy and fundraising work. From June 2021 two additional senior manager posts with responsibility for cycling operations and for campaigning and policy have been created to work alongside the Director. Operations supporting Disabled participants at three sites in South London are coordinated from our Head Office and delivered by part-time inclusive cycling instructors and volunteers.

Objectives and Activities

The company is a charity led by Disabled people which aims to promote community participation and social inclusion and to build health, skills and independence. It does this by running inclusive Disability cycling sessions in South London, and channelling the experience of Disabled participants, staff, volunteers and ambassadors to change wider attitudes and improve conditions for inclusive cycling in London and across the UK.

The charity’s principal activities are the provision of:

Trustees are mindful of the need to ensure that the charity’s activities are for public benefit, and take into account the Charity Commission’s guidance in this area.

Risk Management

The Board monitors potential risks to the charity in the areas of governance and strategy, finances, staffing and operations and legal compliance. Systems of internal control are robust and a RAG risk assessment tool is used to report on all aspects of the charity’s business, reviewed by trustees at regular Board meetings.

Since the onset of the COVID-19 pandemic in March 2020 the Board and the Director have focussed strongly on dealing with the impact on the charity’s operations and on remodelling services to ensure that they remain relevant and effective in the changing environment. We have sought to maximise use of funding which became available to charitable companies to mitigate the effects of the pandemic. We are working to a revised fundraising strategy which will continue to raise our profile and develop relationships with potential donors from diverse sources and have begun to attract significant funding support for the contribution we can make to the wider active travel agenda.

Page 2

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2022

Achievements and Performance 2021/22

During the year Wheels for Wellbeing delivered charitable activities for public benefit as follows:

(1) Inclusive cycling sessions and led rides

The reporting period covers the second year of the Covid crisis. The UK government imposed some level of COVID restrictions until February 24th 2022. However, regulations allowed for (risk assessed) activities for Disabled people to take place and by September 2021, all of our pre-Covid inclusive cycling sessions had re-opened. Our Ladywell Centre sessions, however, moved outside, in the car park of the Centre, rather than returning to being held inside the sports hall. Our teams continued to apply strong infection control measures at all our venues (ie: strict cleaning regime of cycle between participants; requesting pre-booking of time-slots; reduced numbers at sessions; no provision of volunteer tandem riders).

Whilst the impact of the COVID 19 pandemic still had an effect on our session delivery throughout 2021/22 we saw session attendances return to almost the same levels as in 2019/20:

(2) Campaigns and policy work influencing professionals, politicians and populations to help improve lives for Disabled people

Wheels for Wellbeing is firmly established as a leading voice in the cycling and active travel sectors. As a result, Disabled cyclists are becoming better recognised as major stakeholders in the active travel and health arenas. We continue to advocate for cycle infrastructure that is accessible for Disabled cyclists and riders of non-standard cycles. We continue to make the case for cycles to be legally recognised as mobility aids and for improved representation of Disabled cyclists in policy, imagery and language. 2021/22 saw a number of new developments in our campaigns and policy work:

• New appointments

In 2021 the campaigns and policy team expanded from one part time Campaign & Policy Officer to two part time Officers and a part time Manager.

• Experiences of Disabled Cyclists Survey Report

In 2022 we published a full report from our 2021 national survey of Disabled cyclists, which included specific data on the impacts of COVID-19 and lockdowns.

In 2021 we set up the first ever Expert Panel on Inclusive Cycling. The panel members are stakeholders (retailers/manufacturers of inclusive cycles and providers of inclusive cycling sessions) from across the UK. They hold quarterly meetings to discuss current issues, policy developments and the activities of the members. The panel is developing into being the go-to advisory group for all things to do with accessibility and cycling.

In 2022 we launched a network for Disabled cyclists who are campaigning for better access to cycling around the country. DCAN is an online portal for Disabled cycling activists to get together, share ideas, and support each other with their campaigning activities. Members have access to a range of resources (produced by us) to help them challenge poor infrastructure and discrimination.

We developed a training package for designers, urban planners, and local authorities on cycle parking, and how to ensure that cycle parking includes some fully accessible provision. So far, the feedback on our training has been positive. Queen Margaret’s University, Edinburgh, have developed a prototype accessible cycle stand, based on a design in our Guide to Inclusive Cycling.

We have also developed courses on Disability Equity, Experiential Inclusive Cycling, and understanding the needs of Disabled cyclists.

Page 3

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2022

Achievements and Performance 202/22 (continued)

• Access consultancy We have provided a range of access consultancy services both in-person and from-plans reviews of cycle infrastructure and schemes. This work, along with the training, has become a significant income-generation stream.

• Providing Evidence and Advice

We have continued to develop our nationwide reach by providing evidence to national committees and organisations. We gave evidence to the All-Party Parliamentary Group on Cycling and Walking for the development of their Cycling and Walking Investment Strategy 2 and many of our contributions were included in the final report. We worked with the Department for Transport in the development of Active Travel England, e-cycle trial events, and cycling on prescription trial schemes. We hope to continue to work with local authorities trialling cycles as a mobility aid as part of the cycling on prescription trials.

• Working with other cycling campaigns We continued to work with other campaign groups to ensure that Disabled cyclists are included in their activities, including participating in the Bike is Best and Local Bike Shop Day. • Presentations We have given in-person and online presentations at a range of conference and events nationally and internationally including: Conscious Cities (London), Micromobilities (Warwick), Transport Planners Association (London), UNCRPD Side Event (New York), Cycle City; Active City (Sheffield), Active Travel Summit (Liverpool).

• Consultations

We set up a London consultation mailing list and page on our website, to try to ensure Disabled cyclists are heard when any changes are made to cycling and walking infrastructure in London. We continued to respond to national consultations on public transport, highways regulations, and active travel, to try to keep access needs at the centre of any new or amended travel schemes.

Financial Review

Overall, incoming resources were £340,305 (2021: £373,019), and total expenditure was £367,438 (2021: £295,582). The Charity had a deficit of £27,133 (2021: surplus £77,437).

This outcome, in the face of the potentially devastating impact of continuing COVID-19 disruptions on the charity’s finances, was very satisfactory and reflected the hard work of the Director and her team throughout the year. The gradual restart of cycling sessions saw an increase of 179% in income from participant charges (compared to a reduction of 69% last year) and an increase of 120% in total donations (half of which were individual donations), compared to a reduction of 20% last year. A number of significant new grants were also secured. These recognised the charity’s creativity in re-designing its service delivery to maintain an offer to beneficiaries and exploring new projects such as the inclusive cycle hire scheme to make cycling an even more accessible option in the post-pandemic world. The flexibility of existing funders, notably City Bridge Trust and Lewisham Council, enabled the charity to negotiate using grants in different ways to achieve important outcomes despite the challenges of providing face to face services. The charity was also able to benefit from the Government’s Coronavirus Job Retention Scheme to place cycling instructors on furlough to ensure that their services could be retained and that they would be available to call on when regular cycling activities resumed part way through the year. We were able to stop using the scheme a month ahead of its closure, as our team was back working at full capacity by then.

Principal Funding Sources:

Main sources of income during this year have been the following: grants (c.62%); donations (c.21%); participants’ charges (c.8%); consultancy income (c.2%); and other income (c.7%).

Page 4

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2022

Financial Review (continued)

We are very grateful to have received grants from the following funders:

Our work has continued to be supported by Corporate bodies, individuals and groups, from personal challenges to company fundraising events. This includes:

Additionally, we are grateful for the ongoing pro-bono support from Weaving Webs Ltd (IT network support) and Mark Wardell Marketing Ltd (website development and maintenance).

Other sources of income during the year included that generated from Wheels for Wellbeing’s own charitable activities:

Page 5

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2022

Reserves Policy

The Trustees are aware of the responsibility to protect the services we deliver to our client groups and to enable the charity to comply with requirements under employment legislation in the event of significant unplanned reductions in funding. The Trustees have considered the level of reserves which are needed to enable the charity to meet its obligations, manage areas of identified risk including those arising from the COVID-19 pandemic(including ongoing reduced income from participant charges and the constraints on local authority funding available to the voluntary sector)and to invest in projects which will enhance its work.

It is the Trustees’ current policy to seek to maintain unrestricted funds sufficient to enable the company to operate for a period of a minimum of 6 months, which the current level of unrestricted reserves achieves, with an optimum target of one year.

Investment Policy

Trustees considered the potential risk and reward of investing any funds which are not required for immediate operations. They decided to hold all funds in a low-risk cash bank account. It has been possible to hold some available reserves in an interest-bearing bank deposit account this year, to maximise income without compromising operational commitments.

Plans for Future Periods

Cycling operations

Delivery of regular and additional sessions and providing other flexible opportunities for cycling for individuals and small groups will continue to be core areas of our work. We have maintained the system of having lower numbers of participants at our main sessions than was the case in pre-Covid times. This enables us to manage Covid risk and also gives our users a better quality experience. We have retained timed slots and the booking system introduced during Covid and we are developing a more efficient and responsive online system for pre-booking (and for the first time, pre-paying). To compensate for the reduction in spaces available at sessions, we have increased the overall number of sessions, especially at Herne Hill Velodrome. We are still working to move our sessions from the Ladywell Centre to the Ladywell Arena; this involves finding solutions to some complex issues of cycle storage for which we need to build local support.

We increased our popular organised led rides programme during Covid and this is now established as a weekly event from Herne Hill Velodrome, with plans to replicate it at our other two venues.

The Inclusive cycle hire scheme has not grown as much as we envisaged, though we have continued to invest in a part-time post of Coordinator for the service. Our ability to meet demand is limited by the very specific, often complex needs of enquirers which necessitates a visit to our session first to do a cycle fit which lengthens the process. Also, we are finding that our cycles are now being fully used again during sessions, which limits the availability of those which may be requested by potential hirers. The cost of delivery and collection is also a challenge. We receive regular enquiries and hope to continue to provide this service, whilst looking for opportunities to scale it up and make it sustainable which will require building a specific hire fleet and securing a central London location for its storage and a logistics partner for transporting bikes to and from clients.

Campaigns & Policy

We are committed to taking forward the wide range of policy and campaigning work highlighted earlier in the review and to increasing its impact. Our investment in a strengthened team to lead this work is a response both to the demand from a wide range of agencies for our contributions and to the potential we can see for achieving real change. At a strategic level, we continue to receive funding support to advise the Department for Transport and the newly created executive agency of DfT, Active Travel England. Through this, the outcome we are working for is a much improved visibility and influence of Disabled cyclists at the heart of active travel policy in England and beyond. Initiatives we have led, particularly the Disabled Cycling Activists Network and the Expert Panel on Inclusive Cycling, will enable Disabled cyclists to better support each other nationally and to develop the voice of the sector.

As our expertise and reputation have grown we have further developed our consultancy work and are planning to develop this further as a means of increasing our influence and of income generation for our campaigning work which has proven challenging to fundraise for.

Page 6

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2022

Plans for Future Periods (continued)

Strategic Review

The charity is now 15 years old and, as our operations and activities continue to expand, the Board has initiated a new strategic review to shape our direction of travel over the next decade, considering our priorities and our capacity and sustainability to enable us to deliver these. With funding from Impact on Urban Health and the assistance of independent consultants we are going through the thorough process of developing the new strategy which we expect to be in place, alongside a communications strategy, early in 2023. We will then undertake the necessary business planning to begin to implement our plans.

Responsibilities of the Management Committee

The members are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing these financial statements, the members are required to:

The members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Management Committee

Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in July 2014) and in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small entities.

Approved by the Management Committee on

2022 and signed on its behalf by:

David Strong Treasurer

Page 7

WHEELS FOR WELLBEING

STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) for the Year Ended 31 March 2022

Notes
Incoming resources:
Voluntary income:
4
Donations & grants
Activities for generating funds:
Investment income
5
Incoming resources from
charitable activities:
Participant charges
Extra sessions
4
Consultancy
Other income
Total incoming resources
Resources expended
Costs of generating funds:
Costs of generating voluntary income
Charitable activities
Total resources expended
3
STATEMENT OF TOTAL RECOGNISED
GAINS AND LOSSES
Net incoming resources before other
recognised gains
(net income for the year)
Fund transfers
Other recognised gains
Gain on revaluation of investments
Net movement in funds
Total funds brought forward
Total funds carried forward
13
U		 Funds
2022
£
131,713
29
28,625
12,318
6,390
10,847
nrestricted		 Restricted
Funds
2022
£
150,383
-
-
-
-
-
150,383
-
239,387
239,387
(89,004)
5,583
-
(83,421)
95,805
12,384		 Total
Funds
2022
£
282,096
29
28,625
12,318
6,390
10,847
340,305
9,768
357,670
367,438
(27,133)
-
-
(27,133)
376,716
349,583		 Total
Funds
2021
£
318,966
133
10,247
2,895
12,335
28,443
189,922 373,019
9,768
118,283		 24
295,558
128,051 295,582
61,871
(5,583)
-		 77,437
-
-
56,288
280,911		 77,437
299,279
337,199 376,716

Movements in funds are disclosed in Note 13 to the financial statements.

The notes form part of these financial statements

Page 8

WHEELS FOR WELLBEING (REGISTERED NUMBER: 06288610)

STATEMENT OF FINANCIAL POSITION 31 March 2022

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
RESERVES
Restricted funds
Income and expenditure account
13		 31.3.22
£
£
-
14,825
342,367
357,192
7,609
349,583
349,583
12,384
337,199
349,583		 31.3.21
£
£
-
10,998
418,117
429,115
52,399
376,716
376,716
95,805
280,911
376,716		 31.3.21
£
£
-
10,998
418,117
429,115
52,399
376,716
376,716
95,805
280,911
376,716		 31.3.21
£
£
-
10,998
418,117
429,115
52,399
376,716
376,716
95,805
280,911
376,716
376,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income & Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors on and were signed by:

.............................................

....................................................... David Strong - Director

The notes form part of these financial statements

Page 9

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Wheels for Wellbeing is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard Number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Turnover

Turnover represents grants, donations and participants charges received.

Tangible fixed assets

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

Plant and machinery etc - 33% & 20% on cost

A separate depreciation reserve is kept to reduce the assets to nil as the assets are funded in year 1 on any grant application. An adjustment is made every year between the reserve and the depreciation account.

Fund accounting

Incoming resources

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT and is reported as part of the expenditure to which it relates:

Page 10

continued...

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

4. INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS

Restricted
Unrestricted
TfL's Cycling Grants London - via Groundworks
-
-
Lewisham Council Grants
29,350
-
Donations
-
71,713
Big Lottery Fund
-
-
Florian Charitable Trust
-
5,000
Leathersellers
-
10,000
29/5/61 Trust
-
3,000
BBC Children in Need
8,880
-
Sport England
21,500
-
City Bridge Trust
59,640
-
Department for Transport
-
-
Sport England (TIF), administered by Disabi
9,348
-
Southwark Council
-
-
London Marathon Trust
20,000
-
DWF Foundation
2,500
-
Wheelwrights Charity
665
-
Lambeth LEAP, administered by Groundwork
(2,000)
-
Hedley Foundation
500
-
Stephen Clark Charitable Trust
-
1,000
Impact on Urban Health
-
41,000
150,383
131,713		 2022
2021
Total
Total
£
£
-
12,000
29,350
29,350
71,713
32,664
-
33,623
5,000
5,000
10,000
10,000
3,000
3,000
8,880
9,420
21,500
43,230
59,640
78,518
-
50,000
9,348
9,658
-
2,503
20,000
-
2,500
-
665
-
(2,000)
-
500
-
1,000
-
41,000
-
282,096
318,966

INCOMING RESOURCES FROM CHARITABLE ACTIVITIES - EXTRA SESSIONS

Restricted
Unrestricted
Lambeth Council - Short Breaks contract
-
-
George Eliot Primary School (St John's Wood
-
520
Turney School
-
1,800
Orchard Hill College (Lambeth)
-
4,940
Greenvale School (Lewisham)
-
3,250
Cycle Confident
-
1,300
Other
-
508
-
12,318		 2022
2021
Total
Total
£
£
-
2,300
520
-
1,800
600
4,940
-
3,250
-
1,300
-
508
(5)
12,318
2,895

Page 12

continued...

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

5. INVESTMENT INCOME
31.3.22 31.3.21
£ £
Deposit account interest 29 133
6. OUTGOING RESOURCES
The deficit is stated after charging:
31.3.22 31.3.21
£ £
Depreciation - owned assets 16,384 16,201
Directors’ remuneration and other benefits etc - -
7. STAFF COSTS
31.3.22 31.3.21
£ £
Wages and salaries 255,122 196,131
Social security costs 12,092 8,788
267,214 204,919
No employee received emoluments of more than £60,000.
The average monthly number of employees during the year, calculated on the basis of full time
equivalents, was as follows:
31.3.22 31.3.21
Director 1 1
Direct 3 3
Instructors & mechanics 2 2
6 6

8. TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS

No members of the management committee received any remuneration during the current or previous year. No expenses were reimbursed during the current or previous year.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the period.

9. TAXATION

As a charity, Wheels for Wellbeing is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity

Page 13

continued...

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

  1. TANGIBLE FIXED ASSETS
COST
At 1 April 2021
Additions
Disposals
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
Eliminated on disposal
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors		 Plant and
machinery
etc
£
231,489
12,715
(1,090)
243,114
197,017
17,004
(1,090)
212,931
30,183
34,472
31.3.22
31.3.21
£
£
9,812
6,115
5,013
4,883
14,825
10,998
31.3.22
31.3.21
£
£
4,089
7,965
3,520
44,434
7,609
52,399

Page 14

continued…

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

13. MOVEMENT IN FUNDS
Unrestricted Funds
General Fund
Transfer
Restricted Funds
Croydon Arena Hub
Cycling down Memory Lane
Cycling for Syrian Families
Kids on Wheels
Lewisham Hub
Wheels for Change
Fleet Modernisation
Cycling for SEND Schools
Dare to Ride
Herne Hill Velodrome Hub
Inclusive Cycle Hire
Technology for Change
Redundancy Reserve
TOTAL FUNDS		 At 1.4.21
280,911
143
8,770
2,291
3,193
11,593
51,042
(15,333)
9,750
2,987
2
(4,921)
18,288
8,000
376,716		 Net
movement
in funds
61,871
(5,366)
(8,770)
(754)
(2,911)
665
(53,753)
9,750
(5,676)
(5,118)
7,399
(6,317)
(18,153)
-
(27,133)		 Transfers
between
funds
(5,583)
-
-
-
-
-
-
5,583
-
-
-
-
-
-
-		 At 31.3.22
337,199
(5,223)
-
1,537
282
12,258
(2,711)
-
4,074
(2,131)
7,401
(11,238)
135
8,000
349,583

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

Unrestricted funds
General
Restricted funds
Croydon Arena Hub
Cycling down Memory Lane
Cycling Grants London
Kids on Wheels
Lewisham Hub
Wheels for Change
Fleet Modernisation
Cycling for SEND Schools
Dare to Ride
Herne Hill Velodrome Hub
Inclusive Cycle Hire
Technology for Change		 Incoming
resources
189,922
189,922
31,070
-
-
6,880
29,350
-
20,665
-
500
40,418
21,500
-
150,383
340,305		 Resources
expended
(128,051)
(128,051)
(36,436)
(8,770)
(754)
(9,791)
(28,685)
(53,753)
(10,915)
(5,676)
(5,618)
(33,019)
(27,817)
(18,153)
(239,387)
(367,438)		 Movement
in funds
61,871
61,871
(5,366)
(8,770)
(754)
(2,911)
665
(53,753)
9,750
(5,676)
(5,118)
7,399
(6,317)
(18,153)
(89,004)
(27,133)

Page 15

continued...

CHARTERED ACCOUNTANTS' INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF WHEELS FOR WELLBEING

We report on the accounts of the company for the year ended 31 March 2022, which are set out on pages 8 to 15.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:

Basis of independent examiner’s report

Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Hilary Adams Ltd Chartered Accountants 158 High Street Herne Bay Kent CT6 5NP

Date: .............................................

Page 16

WHEELS FOR WELLBEING

DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 March 2022

31.3.22 31.3.21
£ £ £ £
TURNOVER
Grants 210,383 286,302
Donations 71,713 32,664
Participant charges 28,625 10,247
Extra sessions income 12,318 2,895
Consultancy 6,390 12,335
Desk rental 2,571 2,795
Gift Aid 2,687 444
334,687 347,682
Administrative Expenses
Wages and salaries 26,990 49,256
Staff training 2,340 1,270
Travel expenses 822 15
Rent 14,778 14,278
Rates 1,131 -
Software & maintenance 1,400 1,781
DBS checks 276 163
Insurance 6,551 4,969
External training - 202
Post and stationery 1,013 1,036
Meeting & committee costs - 83
Payroll 1,418 1,214
Communications 764 1,531
Accountancy fees 1,260 1,260
Professional fees 491 -
HR Support 1,200 1,260
Cycling activities-related wages 240,134 155,663
Parts 2,759 3,727
Advertising & publicity 1,680 250
Other activity costs 568 149
Volunteers 205 3,510
Venue costs 9,714 2,390
Cycle transport 1,312 328

This page does not form part of the statutory financial statements

Page 17

WHEELS FOR WELLBEING

DETAILED INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 March 2022

Subscriptions
Bank charges
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of computer equipment
Profit on disposal of tangible fixed assets
Sundry expenses
Fund raising costs
Recruitment
Consultancy advice
External partners project delivery costs
Storage rental
OPERATING SURPLUS/(DEFICIT)
Other interest receivable and similar income
Job retention scheme income
Bank interest receivable
SURPLUS/(DEFICIT) FOR THE YEAR		 147
123
12,398
530
4,076
(620)
847
9,768
1,905
12,653
12,050
1,044		 (371,727) 100
116
11,785
934
3,482
-
910
24
-
1,800
10,634
275		 (274,395)
5,589
29		 25,204
133
(37,040) 73,287
5,618 25,337
(31,422) 98,624

This page does not form part of the statutory financial statements

Page 18