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2023-03-31-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 2023

WHEELS FOR WELLBEING

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023

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 17
Income and Expenditure Account 18

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2023

The Trustees present their report and the independent examination of their accounts for the year ended 31 March 2023.

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 Judy Fink Kevin Hickman Suswati Basu Casper Hughes Appointed Harrie Laurington-Spencer Appointed Ian Walker Co-opted Lucy Swanson Resigned Anthony Fincham Resigned

Appointed 24 January 2023 Appointed 24 January 2023 Co-opted 21 February 2023 Resigned 24 January 2023 Resigned 24 January 2023

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

Page 1

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2023

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.

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.

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. Day to day responsibility for the operation of the charity is delegated to the Director, Isabelle Clement.

The organisation is lean and efficient. Our Cycling Operations Manager leads the South London-based inclusive cycling operations, whilst our Liverpool-based Campaigns & Policy Manager drives our nationwide policy and campaigning, advisory, advocacy work. We contract an external Trust and Foundations Fundraiser as a more cost-effective means of carrying out our major fundraising activities than would be the case with an in-house post.

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, safeguarding and legal compliance. Systems of internal control are robust and a RAG (red, amber, green) risk assessment tool is used to report on all aspects of the charity’s business and is reviewed by trustees at regular Board meetings.

Page 2

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2023

Achievements and Performance 2022/23

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

(1) Inclusive cycling sessions and led rides

(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. 2022/23 saw a marked increase in our campaigning and influencing work through:

Influencing national, regional and local policy: Liaising with the Active Travel department of Department for Transport (DfT) and with its new executive agency, Active Travel England (ATE). We provided evidence to a number of national and regional consultations and parliamentary inquiries and reviewed and gave detailed feedback on the draft “Manual for Streets”, a key national guidance document produced by DfT. Our work covered all four nations, in particular engaging with the Mobility and Access Committee for Scotland (MACS) and the Inclusive Mobility and Transport Advisory Committee for Northern Ireland (IMTAC). We were pleased to host a visit to our Herne Hill Velodrome hub by the Minister for Disability in Spring 2022.

Providing expert consultancy & training: Our expertise was commissioned by public, private and third sector organisations to help with detailed desk reviews of research tools, reports, plans, as well as real world audits. We developed and delivered specialist training modules, in person and online, all of which received high praise from attendees. We also delivered numerous presentations (online and live) nationwide across the UK and internationally with audiences ranging from 12-250. Our training and consultancy work is becoming a significant source of income generation, and raised in excess of £10,000 in 2022/23.

Partnerships: We have joined the Equity Diversity and Inclusion board of Modeshift which promotes active and sustainable travel. We have strong relationships with academic departments at the universities of The West of England, Warwick and Westminster. The Beyond the Bicycle Campaign and Coalition (BYTBC) restarted its regular meetings, joining forces with parents who cycle with young children and the cycle freight industry. We are increasingly partnering with Transport for All, having monthly meetings to share campaign updates and explore how to support each other’s work.

Campaigning: The campaigning priority for 2022/23 was a reinvigoration of My Cycle My Mobility Aid (MCMMA) with a focus on legislative change when e-scooters (and other micromobilities) are legalised in the future Transport Bill. We developed a podcast and blog series featuring Disabled cyclists to support this campaign and produced a lobbying document outlining the legal changes required. We embarked on a programme of consultation with other Disabled People’s Organisations before this document is shared with active travel organisations ahead of the Transport Bill.

Page 3

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2023

Achievements and Performance 2022/23 (continued)

Media and publications: We published articles in a number of external newsletters (including for Modeshift and The Bikeability Trust) and publications (for Women Mobilize Women) and wrote guest blogs for Cycling UK and Sustrans. In May 2022 we published our latest national survey report on disability and cycling, followed by an easy read version later in the year. We were featured in the Bicycle Traders Association local bike shop campaign in summer 2022. In early 2023 the Campaigns and Policy team launched our own My Cycle My Mobility Aid podcast (on Spotify) and blog series, and Facebook engagement has increased more than 100% over the second half of the financial year. Members of the team appeared twice on local radio shows.

DCAN: The Disabled Cycling Activists’ Network had more than 40 active members by March 2023 and was continuing to grow. Members have participated in research on access barriers and consultations including the charity’s requests for the Transport Bill.

EPIC: We continued to coordinate the Expert Panel on Inclusive Cycling (an innovative way to connect the inclusive cycling providers and manufacturers/retailers of inclusive cycling equipment around the UK). It met (online) four times in the financial year. The panel continued to develop both its outward facing (policy consultation/review) and inward facing (sector cohesion and support) functions.

Advice/casework: The team responded to an average of 5-8 queries a week from individuals or organisations looking for information or support around access to cycling for Disabled people. In some instances, these are taken on as casework where the team offer letters or information (e.g. briefing documents) in support of key issues such as the need for infrastructure to be accessible or for cycles to be recognised as mobility aids. In other cases, it involves sign-posting to schemes or organisations that might be able to help.

Financial Review

Overall, incoming resources were £569,162 (2022: £340,305), and total expenditure was £402,637 (2022: £367,438). The Charity had a surplus of £166,525 (2022: deficit £27,133).

Principal Funding Sources:

Main sources of income during this year have been the following: grants (c.56%); donations (c.28%); participants’ charges (c.6%); extra sessions (c.6%); consultancy income (c.3%).

We are very grateful to have received grants from the following Trusts and Foundations :

Page 4

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2023

Financial Review (continued)

Our work attracted the support of local, regional and central government :

Our work 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:

Reserves Policy

The Trustees are fully 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 continuing to arise 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. The large corporate donation received during this reporting period has significantly inflated our reserves. It is a restricted fund, however and will support our educational and awareness raising work in the period 2023/24. This donation, though unexpected, was very timely as our Wheels for Change programme hadn’t managed to attract funding from April 2023. It gives the organisation more time to identify future funders for this strategically important par of our work.

Page 5

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2023

Financial Review (continued)

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 / Strategic direction

Following the disruptive impact of the COVID-19 pandemic, Trustees, staff, volunteers and external stakeholders set aside time during 2022/23 to take stock and to work together to shape the strategic direction for the next five years.

Wheels for Wellbeing plans to continue delivering its life changing inclusive cycling opportunities in South London by further developing its work under three strands of activity - doing more at its existing three hubs ( WHEELS FOR LIFE ); consolidating its role as a thought leader in the field of Inclusive Cycling and growing its advocacy and policy influencing capacity ( WHEELS FOR CHANGE ) and developing its Training and Consultancy activities in order to spread far and wide the learning from the lived experience of Disabled cyclists ( WHEELS FOR LEARNING ).

Since the end of the reporting period, staff and Board members have been involved in a series of Theory of Change workshops. The charity will be developing a new Communications and Marketing Strategy and is in the process of reviewing its central staffing structure to create additional operational and administrative capacity to enable its senior staff can focus more fully on delivering the above strategic priorities.

Page 6

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WHEELS FOR WELLBEING

STATEMENT OF FINANCIAL ACTIVITIES

(including Income and Expenditure Account) for the Year Ended 31 March 2023

Funds
2023
Notes
£
Incoming resources:
Voluntary income:
4
Donations & grants
81,389
Activities for generating funds:
Investment income
5
1,599
Incoming resources from
charitable activities:
Participant charges
35,347
Extra sessions
28,569
Consultancy
17,879
Other income
4,500
Total incoming resources
169,283
Resources expended
Costs of generating funds:
Costs of generating voluntary income
17,970
Charitable activities
101,370
Total resources expended
3
119,340
STATEMENT OF TOTAL RECOGNISED
GAINS AND LOSSES
Net incoming resources before other
recognised gains
(net income for the year)
49,943
Fund transfers
(4,000)
Other recognised gains
Gain on revaluation of investments
-
Net movement in funds
45,943
Total funds brought forward
337,199
Total funds carried forward
13
383,142
Unrestricted		 Restricted
Funds
2023
£
399,879
-
-
-
-
-
399,879
-
283,297
283,297
116,582
4,000
-
120,582
12,384
132,966		 Total
Funds
2023
£
481,268
1,599
35,347
28,569
17,879
4,500
569,162
17,970
384,667
402,637
166,525
-
-
166,525
349,583
516,108		 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

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

The notes form part of these financial statements

Page 8

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WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2023

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 2023

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

Donations
Transport for London WCGL Grant (via Groundwork)
Lewisham Council Grants
Community Link Bromley
Florian Charitable Trust
Leathersellers
29/5/61 Trust
National Lottery Awards for All
Sport England - Innovation Fund
City Bridge Trust
Department for Transport
Sport England (TIF), via DR_UK
BBC Children in Need
London Marathon Trust
DWF Foundation
Wheelwrights Charity
Lambeth Council Grant
Hedley Foundation
Stephen Clark Charitable Trust
Thrale Almshouse
Impact on Urban Health		 Restricted
Unrestricted
110,700
50,785
7,000
-
25,000
-
17,920
-
-
5,000
-
20,000
-
-
9,266
-
-
-
55,100
5,604
75,000
-
9,670
-
9,920
-
-
-
-
-
-
-
3,478
-
-
-
-
-
2,000
-
74,825
-
399,879
81,389		 2023
2022
Total
Total
£
£
161,485
71,713
7,000
-
25,000
29,350
17,920
-
5,000
5,000
20,000
10,000
-
3,000
9,266
-
-
21,500
60,704
59,640
75,000
-
9,670
9,348
9,920
8,880
-
20,000
-
2,500
-
665
3,478
(2,000)
-
500
-
1,000
2,000
-
74,825
41,000
481,268
282,096

Page 12

continued...

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

5.
INVESTMENT INCOME
Deposit account interest
6.
OUTGOING RESOURCES
The deficit is stated after charging:
Depreciation - owned assets
Directors’ remuneration and other benefits etc
7.
STAFF COSTS
Wages and salaries
Social security costs		 31.3.23
£
1,599
31.3.23
£
16,929
-
31.3.23
£
273,932
12,925
286,857		 31.3.22
£
29
31.3.22
£
16,384
-
31.3.22
£
255,122
12,092
267,214

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:

Director
Direct
Instructors & mechanics		 31.3.23
1
5
2
8		 31.3.22
1
3
2
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 2023

10. TANGIBLE FIXED ASSETS

COST
At 1 April 2022
Additions
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
Eliminated on disposal
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
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
£
243,114
23,229
-
266,343
212,931
16,928
-
229,859
36,484
30,183
31.3.23
31.3.22
£
£
21,636
9,812
6,887
5,013
28,523
14,825
31.3.23
31.3.22
£
£
4,208
4,089
3,178
3,520
7,386
7,609

Page 14

continued…

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

13. MOVEMENT IN FUNDS
Unrestricted Funds
General Fund
Restricted Funds
Croydon Arena Hub
Cycling for Syrian Families
Kids on Wheels
Lewisham Hub
Wheels for Change
Cycling for SEND Schools
Community Engagement
Dare to Ride
Herne Hill Velodrome Hub
Inclusive Cycle Hire
Technology for Change
Redundancy Reserve
TOTAL FUNDS		 At 1.4.22
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
49,943
5,484
(1,000)
(69)
(4,410)
118,305
-
3,278
2,000
(7,006)
-
-
-
166,525		 Transfers
between
funds
(4,000)
-
-
-
-
-
-
-
-
-
-
4,000
-		 At 31.3.23
383,142
261
537
213
7,848
115,594
4,074
3,278
(131)
395
(11,238)
135
12,000
516,108

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

Unrestricted funds
General
Restricted funds
Croydon Arena Hub
Cycling for Syrian Families
Kids on Wheels
Lewisham Hub
Wheels for Change
Cycling for SEND Schools
Community Engagement
Dare to Ride
Herne Hill Velodrome Hub
Inclusive Cycle Hire
Technology for Change		 Incoming
resources
169,283
169,283
78,776
2,000
11,920
56,860
185,700
-
3,478
11,670
46,475
3,000
-
399,879
569,162		 Resources
expended
(119,340)
(119,340)
(73,292)
(3,000)
(11,989)
(61,270)
(67,395)
-
(200)
(9,670)
(53,481)
(3,000)
-
(283,297)
(402,637)		 Movement
in funds
49,943
49,943
5,484
(1,000)
(69)
(4,410)
118,305
-
3,278
2,000
(7,006)
-
-
116,582
166,525

Page 15

continued...

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2023

13. MOVEMENT IN FUNDS (continued)

Croydon Arena Hub

Funds to operate our Inclusive Cycling Hub at the Corydon Arena (South Norwood).

Cycling for Syrian Families

Funds to support Syrian families in South London to cycle together, whatever the trauma or physical/sensory impairments they might have experienced/developed.

Kids on Wheels

Funds to provide inclusive cycling sessions for children and young people and their families in South London.

Lewisham Hub

Fund to operate our Inclusive Cycling Hub in Ladywell. Lewisham.

Wheels for Change

Funds to run our Campaigns and Policy department, advocating for disabled people who cycle/wish to cycle.

Cycling for SEND Schools

Funds to run sessions specifically for children attending SEND schools in South London.

Community Engagement

Funds to carry out outreach on South London to increase awareness of our inclusive cycling opportunities.

Dare to Ride

Funds to support riders wishing to ride on-roads from our Inclusive Cycling Hubs and build stamina and confidence.

Herne Hill Velodrome Hub

Funds to operate our Inclusive Cycling Hub at the Herne Hill Velodrome (in Southwark).

Inclusive Cycle Hire

Funds to coordinate the hire of cycles to disabled people in London.

Technology for change

Funds to improve the technology used by our teams so our resources can be prioritised on supporting more disabled people to cycle.

Redundancy Reserve

Funds to cover our statutory duties to pay redundancy in the event of having to close the organisation down.

Page 16

CHAIITEIiED A£CgUNTAN75' JNDEPE141JEP4T EXAMINfFf5 REFowr TO BOARD OF DIRecYoAS ON Tht U14AUOITED FINAIICIAL STATEMEIITS OF WHEELS FOA WELLBEING We rN• aCCOmdth• crrnwyfor the year eY•J Ji Mbrth 2023. wNth art set out tsl P•9es 8 to 16. The trLSteÈ$ l¥tho •re olso clte ctyTr)￿ny lorthe wrp)ses clcrmpany Lawl art reswDsible f the preparation olthE accounts. The tru5tee5 lon￿der that on audff i¥ nct required forth15 year underserri 144 orth• ChèrityesAct 3011 (the 2011 Artl Ind ihiian IndEpendent examirttth N needed. Hovlry 5al15fled ou¢sÈlvÈs th)r rhe chanty Is not 9JbJett to audrt under ££M￿nY and Is el41b￿ ftr indepenileDt examination, rt ￿ <oJr rEw5iknlrtY to.. exomlne Ihe accTrJnts under Settic￿ 145 cl the 2011 £t.' to IDllo¥Y the kYDcedurE5 la￿ do%¥n ID genvol Oireaion5 g+%r Ch•ry crynm￿0tt und•r 5ecUon 14515llbl d th• 2011 Art.. artd 10 stste whether plltrubr maitery h•w rw to ow ottenrirm. Our examination ¥•Js umed out In accfdaKÈ wrth gkneral Dirètknhs •iv•n h¥ th•. rtsammis￿n. exJminètlL¥) Incl￿deS a review ol rhe accountiThJ ￿¢￿¢$ ept ￿ the and a comp8rlson ol the accounts pr¢s•nrod fhose recorfs. It atso irtludes ¢l￿$￿eratirn0laDvUnuSUaI itern50rd15cIosure5 In the attount3, Bnd seeking explanJrbns fr¢rn you as trustees conc•rnln9 any SLKh mètters. Thtt procèouro9 undtrt•ken Oo not prOv￿￿e •ii eV￿￿t tnai woujd b rtouird th èn 袥1rt ¢¢n5eownriy opinlon IS given as to whether the a(coynrs preserrt a lalr vw' and Is limited tc ￿0$￿ m&iter5 set r In the 6tatem￿l btltyw. In c￿1)ettI￿ with ovr exomlnotw, no motter h•5 CCfftI to ow•tt•rtknn.' 111 I￿45 ¥5 aLoe th t￿ve that In èthy rnterl rwett the ￿qUIreMents. to k••p I￿ntIr4 In wlth 386of th• Cwwnl•s Att 2(thS.' and to D￿Fore a¢¢￿￿¢$ wh￿h tsttord with the occountln9 Yccord. ¢omply th¢ •¢wunring re9ulrrnls ￿ 5eob)r$ 396 of Ihe COm￿nI¢S 2￿6 aThd wth tho methoot and ￿n¢4p1S of ¢h• St4temtht of P•cofftm•nd•d Prn¢tk•.' ￿e￿n¢￿TrY •￿1 Rewrtln9 tr¢ Chuniiev have not been met", or 121 to whkh, In wr OF4nlw, •ttenim ¢Jrn%m ￿ order kn en•tit b kyoper ¥nderandkng of the (owts to b• rn•¢h¢J. l¥lary Adllms L Chartered Ac¢¢wnt•rti IS8 Hlgh Srrcet Horne Pay K¢ni cr6 5NP Pa9t 17

WHEELS FOR WELLBEING

Income and Expenditure Account for the Year Ended 31 March 2023

TURNOVER
Grants
Donations
Participant charges
Extra sessions income
Consultancy
Desk rental
Gift Aid
OTHER INCOME
Other operating income
Interest receivable and similar income
STAFF COSTS
Wages and salaries
Staff training
Travel expenses
DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF
ASSETS
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of computer equipment
Profit on disposal of tangible fixed assets
OTHER CHARGES
Premises expenses:
Rent
Rates
General administration costs:
Software & maintenance
DBS checks
Insurance
Post and stationery
Payroll
Communications
Accountancy fees		 2023
£
£
319,783
161,485
35,347
28,569
17,879
-
-
563,063
4,500
1,599
6,099
569,162
26,225
3,389
2,137
(31,751)
12,058
530
4,341
-
(16,929)
15,380
660
16,040
3,208
200
7,352
950
1,663
1,480
1,320		 2022
£
£
210,383
71,713
28,625
12,318
6,390
2,571
2,687
334,687
5,589
29
5,618
340,305
26,990
2,340
822
(30,152)
12,398
530
4,076
(620)
(16,384)
14,778
1,131
15,909
1,400
276
6,551
1,013
1,418
764
1,260

This page does not form part of the statutory financial statements

Page 18

WHEELS FOR WELLBEING

Income and Expenditure Account (continued) for the Year Ended 31 March 2023

HR Support
Professional fees
Cycling activies-related wages
Parts
Advertising & publicity
Other activity costs
Volunteers
Venue costs
Cycle transport
Subscriptions
Bank charges
Credit card charges
Sundry expenses
Fund raising costs
Recruitment
Consultancy advice
External partners project delivery costs
Storage rental
NET SURPLUS/(DEFICIT)		 1,320
-
260,632
2,941
1,090
49
-
14,910
1,295
100
137
257
624
17,970
780
12,600
300
438		 (347,656) 1,200
491
240,134
2,759
1,680
568
205
9,714
1,312
147
123
-
847
9,768
1,905
12,653
12,050
1,044		 (325,191)
331,616 309,282
172,826 (31,422)

This page does not form part of the statutory financial statements

Page 19