2024-03-31-accounts - Wheels For Wellbeing

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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 2024

WHEELS FOR WELLBEING

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024

	Page
Report of the Trustees	1
Statement of Financial Activities	9
Statement of Financial Position	10
Notes to the Financial Statements	11
Independent Accountants' Report	18
Income and Expenditure Account	19

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2024

The Trustees present their report and the independent examination of their accounts for the year ended 31 March 2024.

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 Harrie Laurington-Spencer Ian Walker

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 2024

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 across the UK.

The charity’s principal activities are the provision of:

Regular sessions, mostly away from the roads, for people with mobility or other impairments who would benefit from expert advice and support and access non-standard cycles such as recumbents, handcycles, trikes and side-by-side tandems and to adaptations;
A programme of led-rides for people who wish to explore cycling further afield but need the support of marshals & route planners and the provision of the appropriate cycle;
Cycling activities specifically for Disabled children and their families;
An inclusive cycle hire scheme;
Information about inclusive cycling available to anyone across the UK;
Strategic and partnership working with statutory bodies, consultants, engineers, cycling advocacy groups and cycle related businesses with the aim of ensuring the cycling environment and market are welcoming of Disabled people who cycle or who wish to.

All our cycling activities take place in South London.

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.

Page 2

WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2024

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.

Achievements and Performance 2023/24

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

(1) Inclusive cycling sessions and led rides

In 2023/24, our cycling operations team supported 813 individual Disabled people to cycle at our open inclusive cycling sessions (590 attending for the first time). Of these, 297 were under 20 years of age and 66 were 60+.
We delivered 362 open sessions at our three inclusive cycling hubs in South London: Herne Hill Velodrome; Croydon Arena and Ladywell Day Centre (including “Kids on Wheels” under 18s only sessions, rebranded as “Young Wheels” in November 2023).
Participants attended 6,259 times between them.
We also ran 100 bespoke sessions, for groups who wanted their own private session, or where we attended off-site events, bringing inclusive cycling to audiences who would otherwise not be aware of what’s possible, or not able to attend our venues.
We ran sessions 50 weeks of the year, as people come cycling whatever the weather. Attendance at open sessions varies greatly, mostly dependent on weather conditions. Average attendance over the period was 19 participants per session (plus supporters/carers/family members).
15 individuals took part in our regular supported led-rides, cycling 83 times between them, thereby developing their stamina and confidence to ride on roads. Led-rides take place most Tuesdays (leaving from the Herne Hill Velodrome and cycling to a local park/cafe destination), with a monthly weekend ride, covering a longer distance.
Over 200 groups attend our sessions (care support groups, local SEND schools, etc.), for whom we represent an exciting and enjoyable resource, as part of the timetable of activities for their clients/pupils.
We continued to welcome a very diverse range of Disabled people: our youngest cyclist was 2 years old, and our oldest rider was 95 years old. 63% of participants identified as not being of white background, people with Learning Difficulties and/or on the autism spectrum continued to make up c.60% of our participants. 15% of participants lived with a physical impairment; 7% lived with long term conditions; 6% with sight loss; 5% with mental health issues; 3% with hearing loss. The gender split amongst our riders was: c.69% Male, c.30.5% female with 0.1% non-binary & the remainder preferring not to disclose.

(2) National campaigns and policy work: influencing professionals, politicians and the general public to help improve lives of 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 increasingly 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. Examples below illustrate how 2023/24 saw the continued increase in the impact of our campaigning and influencing work:

Innovation:

One of our campaigns is for a dramatic increase in the visual representation of Disabled cyclists in cycling related marketing / communication materials, reports etc. To this end, our team created the first free to access, fully consented photobank of images of a variety of Disabled people on a variety of cycles, cycling in a variety of settings. The photobank was launched in November 2023 and access can be requested via: https://wfwimages.free.resourcespace.com/login.php. By the end of March 2024, it counted 222 registered users.

The team also created a new suite of 25 free-to-use resources, including guides and discussion documents, all available on new “resources” and “Consultancy & Training” pages on our website.

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WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2024

Achievements and Performance 2023/24 (continued)

Campaigning activities

• My cycle my mobility aid campaign : the team drafted a list of legislative asks for the recognition of cycles as mobility aids and consulted with 18 organisations including seven Disabled People’s Organisations (DPOs), three large Disability charities, six cycling organisations and three other active travel organisations.

• Beyond The Bicycle Coalition (made up of committed volunteers representing the needs of Disabled people, those of families who cycle with young children and cargo-using traders). The coalition became active again after a break during the COVID period and it met on a quarterly basis, planning new joint campaigns.

Policy influencing work with National and Local Governments

Wheels for Wellbeing increased its influence with national and devolved governments and departments including DfT (Department for Transport), ATE (Active Travel England); Department of Infrastructure, Communities, and Transport (NI); Transport for Scotland through regular input to key strategy and policy initiatives. We also attended and contributed to eight All Party Parliamentary Group on Cycling and Walking meetings.

Developing our consultancy work

We undertook paid design reviews, accessibility audits, Disability Equality training sessions and other inputs for several highway authorities including London boroughs of Hackney, Southwark (two projects) and Wandsworth; Somerset Council; York City Council; Oxfordshire County Council (as a subcontractor to Urban Movement) and Transport for West Midlands. One of these pieces of work for Wandsworth involved devising a ground-breaking scheme to recognize cycles as mobility aids and permit their use by Disabled people in “no cycling” areas during works; it was replicated shortly afterwards in another location this time for TfL, and both projects have been significant for our campaigning. We also worked with Derby and Burton NHS Trust and King’s College Hospital NHS Foundation Trust and we have ongoing work with Translink NI, Southeastern Trains and Sustrans (supporting the development of a cycle route accessibility mapping tool).

Research and intervention bids

We contributed to four large research and intervention funding bids in partnership with Cenex and Transport for the West Midlands (TfWM); RiDC (the Research Institute for Disabled Consumers); Cycling UK; Sustrans London and Pedal My Wheels. The last two bids (both focused on the development of inclusive cycling hire schemes) were successful and have been funded. We are also working with LOUD Mobility, the University of Birmingham and Urban Movement on further bids from a range of funders.

Amplifying the voice of Disabled people – Broadening our engagement

Consultation responses: we submitted nine detailed consultation responses, including our recent submission to Department for Transport’s Electrically Assisted Pedal Cycles (EAPC) consultation which was reinforced as part of Cycling UK’s, the Bicycle Association’s and Sustrans’ own consultation responses. Our consultation response to the Department for Levelling Up, Housing and Communities which suggested Planning Regulation changes on “bike” sheds was also widely shared and replicated including more than 50,000 impressions on Facebook.

Supporting the disability sector and disability equality: we regularly engage with a wide range of Disabled People’s Organisations and charities including Difference NE, Disability Rights UK, Transport for All, RNIB, Inclusion London, Sight Loss Councils.

Organisations we provide ongoing support to, via roles such as participating on their access/equality boards include Sustrans, Lime, East West Trains, Modeshift, TUMI/ITDP, Liverpool City Council Active Travel Stakeholder Engagement Forum, LCC Women’s Network, Bristol Univ/NIHR research project into Health Impact of E-Bikes and E-Scooters, Sustrans’ Paths for Everyone’s national steering group.

Casework: We undertook several high-profile pieces of casework with Disabled people challenging discriminatory access barriers including in Flintshire, Nottinghamshire, Grimsby and London Borough of Bromley.

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WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2024

Achievements and Performance 2023/24 (continued)

Involvement in events: We attended and presented at more than 20 events (online and in person) including: Cycle Rail Working Group, Energy Saving Trust, Modeshift (x 2), Outdoor Recreation Network, PJA’s anniversary event, TfWM panel discussion, Walking and Cycling Innovations Conference (Landor), West Midlands Active Travel Summit, Active travel Café, Paths for Everyone East Midlands, Cycling UK, Cycling Chelmsford, Liverpool City Region, Living Streets Conference (Sheffield), Google Accessiblity Discovery Centre, London Plan Engagement Session, TfL Cycling Action Plan Launch, Possible's "Car Free Cities" end-of-campaign event, TfL bus stop bypass “roundtable”.

Publications: We provided blogs and articles to the following external organisations/publications: Bikeability (3 blogs); Energy Saving Trust (1 blog); SEND Magazine (article); “LTNs and Equitable Streets” - journal article for Urban Design; blog for Sustrans; letters published in Cycling UK’s Cycle magazine; articles and quotes for Road.cc and a range of local and regional radio appearances.

Social media: The team worked to grow our social media impact and presence. In March 2024 we had: 2,130 Facebook followers, with a post reach of more than 50,000 people for one of our consultation responses; 11,100 followers on X (formerly Twitter); 1,067 followers on LinkedIn.

Supporting the inclusive cycling sector

Disabled Cyclists’ Advocacy Network (DCAN): Over this period, we have continued to support the development of the DCAN network. Membership is now more than 60 and there is increasing activity and engagement among members.

Expert Panel on Inclusive Cycling (EPIC): The quarterly meetings continued and were attended by around 20 people. We continue to have regular engagement / attendance from staff from Active Travel England and the Department for Transport (DfT).

Training we delivered over the period:

2 x full day experiential inclusive cycling for transport professionals
1 x new one day inclusive cycle parking
2 x Disability equity
Series of 3 webinars in partnership with Leigh Day Solicitors and Hope for the Future which were
attended by members of DCAN and others

Financial Review

Overall, incoming resources were £303,200 (2023: £569,162), and total expenditure was £440,678 (2023: £402,637). The Charity had a deficit of £137,478 (2023: surplus £166,525).

Principal Funding Sources:

Main sources of income during this year have been the following: grants c.62% (c.56% 2023); donations c.4% (c.28% 2023); participants’ charges c.12% (c.6% 2023); extra sessions c.6% (c.6% 2023); consultancy income c.13% (c.3% 2023).

We are very grateful to have received grants from the following Trusts and Foundations :
City Bridge Trust (year four of a five-year grant until 31st March 2025, for our multi-weekly cycling sessions in Southwark and Croydon; an additional, unrestricted grant for core costs, to support us to manage the impact of the cost-of-living crisis).
Florian Charitable Trust (unrestricted fund).
The Gosling Foundation (subsidising bespoke inclusive cycling sessions for the pupils of Orchard Hill College).
Croydon Relief in Need (towards our Young Wheels sessions – formally known as Kids on Wheels – for children and young people).
Peter Harrison Foundation (towards the development of support for young Disabled pupils in mainstream schools to take part in Bikeability / cycle training).
The National Lottery’s Awards for All fund (towards creating an additional session at Croydon Arena for one year until October 2023).
Thrale Almshouse Relief in Need Fund (towards “Kids on Wheels” sessions 01/04/2023 - 30/09/2023).
Sport England small grants (to support our “Dare to Ride” programme of led rides during this period).

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WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2024

Financial Review (continued)

The National Lottery’s Awards for All fund (towards our “Dare to Ride” programme of led-rides in 2024/25 but paid for in this period).
Geraint Thomas Charitable Trust (funded two specialist trikes for young Disabled people).

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

Transport for London’s Walking & Cycling Grants London via Groundwork London - supporting the final year of the Inclusive Cycling for Refugee Families project.
Transport for London’s Walking & Cycling Grants London via Groundwork London - supporting the final year of the Inclusive Cycle Hire project.
Transport for London’s Walking & Cycling Grants London via Groundwork London - supporting “Young Wheels” sessions over February 2023 to August 2024.
London Borough of Lambeth’s Community Connections fund (started in January 2023, year 1 into 2 of a 2-year project running until December 2024 to engage more people from Lambeth in our inclusive cycling sessions to increase wellbeing and combat loneliness).
London Borough of Lewisham (year two of a three-year grant towards inclusive cycling sessions at Ladywell).
London Borough of Southwark Olympic legacy (towards cycles and other session equipment).
• London Borough of Southwark Cycling Grant (for summer sessions for children and young people at Herne Hill Velodrome).

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

The members of Penge Cycling Club , continued to support Wheels for Wellbeing as their affiliated charity partner.
The members of Balham Cycle Club sponsored one of our cycles once again.
Vulpine CC chose us for a fifth year in a row as their #DoGoodFriday campaign’s beneficiary charity, during which customers were given the opportunity to donate some of their Black Friday sale savings to us.

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 :

Contributions from participants at regular sessions;
Fees from the bespoke cycling experiences provided by the charity;
Fees for consultancy work (inclusive cycling training/expert speakers/research);
Hire fees for our non-standard cycles.

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 reduced income from individual donations in a cost of living crisis 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.

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WHEELS FOR WELLBEING

Report of the Trustees for the year ended 31 March 2024

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 and the charity has also explored the potential to use a recognised digital savings platform to manage its reserves and reduce risk.

Plans for Future Periods / Strategic direction

During 2022-23 the Board and staff team of Wheel for Wellbeing set the strategic direction for the next five years. 2023/24 saw the beginning of the new strategy’s implementation: 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 ).
In order to deliver on its strategy, the following priorities will take centre stage over the coming years: 1. Resilience and Sustainability (ensuring that the core of the organisation is sufficiently solid to support strategic developments) - planning for the introduction of a new post of Central Operations Manager took place during 2023/24 & this was appointed to in April 2024.
Profile and Visibility (building a Communications and Marketing resource for all three strands of activity). Planning took place to introduce a new post of Communications and Marketing Manager during 2023/24, but finances didn’t allow for the creation of the role. This is now expected to take place in Q4 of 2024/25.
Evidence of Impact (improving our ability to evidence the impact of our work to support all three strands of activity).
Partnerships and Alliances (as a Disabled People-led cycling organisation, working with others across the Disability and Active Travel sectors to amplify the voice of Disabled people who cycle or wish to cycle and to increase our effectiveness and influence).
Training, Consultancy & Innovation.

Since the end of the reporting period, led by the new Central Operations Manager, all internal systems, policies and procedures are being reviewed & strengthened. This is increasing productivity within the team, freeing capacity so the senior team can work with the Board on the implementation of the organisation’s strategy. The organisation has had some fundraising successes but has continued to struggle to return individual donations levels to those achieved up to 2021/22. This delayed the appointment of a Marketing and Communications Manager to Q4 2024/25). Demand for consultancy and training from our Campaigns and Policy team at national level has been increasing steadily, beyond the current capacity of our employed team. This confirms that the decision to develop this team further by investing from our unrestricted reserves was the right one strategically and the organisation continues to work to implement this fully. Wheels for Wellbeing’s influence in Active Travel policy also continues to grow, confirming the need for our Campaigns and Policy team to attract sufficient funding to enable us to continue to provide leadership and advocacy for Disabled cyclists in this area.

Page 7

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WHEELS FOR WELLBEING

STATEMENT OF FINANCIAL ACTIVITIES

(including Income and Expenditure Account) for the Year Ended 31 March 2024

Notes Incoming resources: Voluntary income: 4 Donations & grants Activities for generating funds: Investment income 5 Incoming resources from charitable activities: Participant charges Extra sessions 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 2024 £ 56,427 6,880 35,690 19,520 40,211 600 159,328 20,765 72,604 93,369 65,959 (86,748) - (20,789) 383,142 362,353 nrestricted	Restricted Funds 2024 £ 143,722 - 150 - - - 143,872 - 347,309 347,309 (203,437) 86,748 - (116,689) 132,966 16,277	Total Funds 2024 £ 200,149 6,880 35,840 19,520 40,211 600 303,200 20,765 419,913 440,678 (137,478) - - (137,478) 516,108 378,630	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

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

The notes form part of these financial statements

Page 9

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WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2024

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

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectivities of the charity.
Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy, The following specific policies are applied to particular categories of income:
Grants are recognised when receivable;
Investment income is included when receivable;
Gifts in kind are capitalised at estimated value and written off to reserves over 5 years.

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:

Costs of generating funds comprise the costs associated with both the costs of attracting the income and those of providing the facilities to generate the income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.

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continued...

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024

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 National Lottery Awards for All City Bridge Trust Department for Transport Sport England (TIF), via DR_UK BBC Children in Need Lambeth Council Grant Thrale Almshouse Impact on Urban Health Peter Harrison Gosling Foundation Southwark Council Sustrans GTCT Guys & St Thomas NHS Foundation Gunter Charitable Trust	Restricted Unrestricted - 12,510 - - 34,890 - - - - 5,000 - - - - 59,480 3,470 - - 9,205 - - - 19,679 - - - - - 2,417 - 1,808 - 12,527 - 900 - 2,816 - - 33,825 - 1,622 143,722 56,427	2024 2023 Total Total £ £ 12,510 161,485 - 7,000 34,890 25,000 - 17,920 5,000 5,000 - 20,000 - 9,266 62,950 60,704 - 75,000 9,205 9,670 - 9,920 19,679 3,478 - 2,000 - 74,825 2,417 - 1,808 - 12,527 - 900 - 2,816 - 33,825 - 1,622 -
		200,149 481,268

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WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024

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 No employee received emoluments of more than £60,000.	31.3.24 £ 6,880 31.3.24 £ 16,059 - 31.3.24 £ 300,594 15,469 316,063	31.3.23 £ 1,599 31.3.23 £ 16,929 - 31.3.23 £ 273,932 12,925 286,857

The average monthly number of employees during the year, calculated on the	The average monthly number of employees during the year, calculated on the	basis of full time
equivalents, was as follows:
	31.3.24	31.3.23
Director	1	1
Direct	5	5
Instructors & mechanics	2	2
	8	8

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

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WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024

10. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
	Plant and
	machinery
	etc
	£
COST
At 1 April 2023	266,343
Additions	15,297
At 31 March 2024	281,640
DEPRECIATION
At 1 April 2023	229,859
Charge for year	16,061
At 31 March 2024	245,920
NET BOOK VALUE
At 31 March 2024	35,720
At 31 March 2023	36,484

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Funding received in advance Other creditors	31.3.24 £ 16,555 1,594 18,149 31.3.24 £ 6,837 71,165 10,176 88,178	31.3.23 £ 21,636 6,887 28,523 31.3.23 £ 4,208 - 3,178 7,386	31.3.23 £ 21,636 6,887 28,523 31.3.23 £ 4,208 - 3,178 7,386
			7,386

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continued…

WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024

13. MOVEMENT IN FUNDS At 1.4.23 Unrestricted Funds General Fund 383,142 Restricted Funds Croydon Arena Hub 261 Cycling for Syrian Families 537 Kids on Wheels / Young Wheels 213 Lewisham Hub 7,848 Wheels for Change 115,594 Cycling for SEND Schools 4,074 Community Engagement 3,278 Dare to Ride (131) Herne Hill Velodrome Hub 395 Inclusive Cycle Hire (11,238) Bikeability for disabled children - Fleet modernisation - Technology for Change 135 Redundancy Reserve 12,000 TOTAL FUNDS 516,108 Net movement in funds, included in the above are as Unrestricted funds General Restricted funds Croydon Arena Hub Cycling for Syrian Families Kids on Wheels / Young Wheels Lewisham Hub Wheels for Change Cycling for SEND Schools Community Engagement Dare to Ride Herne Hill Velodrome Hub Inclusive Cycle Hire Bikeability for disabled children Fleet modernisation Technology for Change	Net movement in funds 65,959 (47,425) - (3,852) (7,557) (90,752) (4,140) (3,081) (5,786) (28,741) (100) (83) (2,440) (9,480) - (137,478) follows: Incoming resources 159,328 159,328 35,688 - 2,487 34,890 - 1,958 19,679 9,205 23,792 900 2,417 12,856 - 143,872 303,200	Transfers between funds (86,748) 47,164 - - - - - - - 28,346 11,238 - - - - - Resources expended (93,369) (93,369) (83,113) - (6,339) (42,447) (90,752) (6,098) (22,760) (14,991) (52,533) (1,000) (2,500) (15,296) (9,480) (347,309) (440,678)	At 31.3.24 362,353 - 537 (3,639) 291 24,842 (66) 197 (5,917) - (100) (83) (2,440) (9,345) 12,000
			378,630
			Movement in funds 65,959
			65,959 (47,425) - (3,852) (7,557) (90,752) (4,140) (3,081) (5,786) (28,741) (100) (83) (2,440) (9,480)
			(203,437)
			(137,478)

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WHEELS FOR WELLBEING

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2024

13. MOVEMENT IN FUNDS (continued)

Croydon Arena Hub

Funds to operate our inclusive cycling hub at the Croydon Arena (South Norwood)

Cycling for Syrian Families

This project ended March 2023

Kids on Wheels - re-branded “Young Wheels” in April 2024

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

Lewisham Hub

Funds to operate our inclusive cycling hub in Lewisham (at the Ladywell Centre)

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 inclusive cycling sessions specifically for children attending SEND schools in South London

Community Engagement

Funds to carry out outreach in 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 in Southwark (at the Herne Hill Velodrome)

Inclusive Cycle Hire (under the brand name “Wheels4MeLondon”)

Funds to provide inclusive cycling advice in London and across the UK as part of the Wheels4MeLondon partnership

Bikeability for Disabled children

Funds to work with schools and cycle training providers in South London to ensure that Disabled children in mainstream schools can take part in Bikeability (cycle) training with their peer

Fleet Modernisation

Funds to acquire new cycles to fill gaps in our fleet or replace ageing cycles

Young wheels (see above – this is the same as Kids on Wheels)

Technology for Change

This project ended in 2022/23

Redundancy Reserve

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

Page 17

WHEELS FOR WELLBEINfj HARTERED ACCOUNTANTS. INDEPENDENT EXAMIMER'S REPORT TO THE BOARD OF DIRECTORS ON THE UMAUDITED FINANCIAL STATEMEMTS OF WHEELS FOR WELLBEING We re¢ort on the 4ccounts ofthe company lor tr yearended 31 Harch 2024. vthKh arE set Dut on pages 9 to 17. The trustees Ivtho are also the dire(tor5 of the compHny for the purpjses of comwny tswl are responslble for Ihe prep4raiion of Ene accoLMts. The Irusrees conser rnar on 15 nc¢ requirea for tnis year unoer secrjon 144 of the Charities Act 2011 (the 2011 Attl and that an Independent examination Ls needed. Having satlstied ourselves ii)at the charity 15 not 5Jbject to audit under company law aad t5 eligible for Independent examinaiion, It is our responsi)ility to.. examine the accounts un¢#er section 145 c tht 2011 Att,. to follow the procedure5 laid [n In the general Direttb)ns given by the Charity cOnrSon under settion 14¥5llt¢l o.. ttr.e 2011 Aa; and to stste ¥vhether parbcu5ar motters have come to wr attent. 8•sts lftdepen¢Jent MInerf$ report Cr examirwtK)n was Carr out in accordance th the general Directions given by the Charity cornm510n. An examinatiw indude5 a review of accounting (OrS kept by t charity an¢ a mmpari50n of the accounrs 0$ented with those records. It also indudes c$51der0ElOrt ofany uNusuèI Itemsor alsdosures in the accounts. and Seen9 explanations from y1 as trnstees ConMIng any such matters. The prcKedures und•rtakqn do Dot PTOVide als the eVIdee tnat would be require£l in an and consequently no opinion is olven as to whether tne accounts presert è ar fair vl' ana te rrt t$ Imi to matters set out in the statennt bekrrt. Jnd•pend•nt examlner's statement In conneCtSC wlth ow examinoDon. no matter has c(rfne to our attertion.. (il whth gives us reasoble cause to bdleve that In any material rescott reOulremts. to keèp attwntifig rectrds In xtordènte wilh Seth¢ 386 of thè C4)mpanies A¢t 2006,. and to ryepa ècajunts accord with the acctyjnting records, oynply wfth the aCCnting qulrèments of 5e¢tion 396 of the Companies Act 2006 and vlith thè methoos ènd prSnop*s of the StatemenE RÈcommendecl Pra£Eice". knounting and RÈkX)rting by Charitres have not been met: or (2) to whth. in wr attention should 1% drawn in Ofder to enabk a proper understanding of the accounts to te wthed. Ilary Adams Ltd tJartereO Accountsrrt5 IS8 tr1I9h Street Heme Bay Kent 65NP Pa9e 18

WHEELS FOR WELLBEING

Income and Expenditure Account for the Year Ended 31 March 2024

TURNOVER Grants Donations Participant charges Extra sessions income Consultancy 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 OTHER CHARGES Premises expenses: Rent Rates General administration costs: Software & maintenance DBS checks Insurance Post and stationery Meeting & committee costs Payroll Communications Accountancy fees	2024 £ £ 187,639 12,510 35,840 19,520 40,211 295,720 600 6,880 7,480 303,200 18,305 8,097 3,628 (30,030) 14,565 530 964 (16,059) 15,830 205 16,035 3,208 63 8,720 771 197 1,736 1,503 1,320	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

This page does not form part of the statutory financial statements

Page 19

WHEELS FOR WELLBEING

Income and Expenditure Account (continued) for the Year Ended 31 March 2024

2,080 297,758 2,175 100 622 1,355 18,234 2,188 100 73 1,250 813 20,765 938 13,130 - 219	(395,353)	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)
379,318		331,616

	(138,242)		172,826

This page does not form part of the statutory financial statements

Page 20