**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 2025** 



**WHEELS FOR WELLBEING** 

## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025** 

||**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 2025** 

The Trustees present their report and the independent examination of their accounts for the year ended 31 March 2025. 

## **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 (resigned 11 March 2025)|
|David Strong|Treasurer|
|Mai-Ling Savage|Secretary (resigned 6 May 2025)|
|Judy Fink||
|Kevin Hickman||
|Suswati Basu (resigned 6 May 2025)||
|Casper Hughes||
|Harrie Laurington-Spencer||
|Ian Walker||
|Alison Heard-Mayer (appointed 5 May 2025)||
|Georgia Yexley (appointed 15 July 2025)||
|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 2025** 

## **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 the charity’s cycling activities take place in South London. Its strategic work is UK-wide. 

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 2025** 

## **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 2024/25** 

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

## **(1) Inclusive cycling services** – London-based 

• In 2024/25, our cycling operations team supported **close to 1,000 individual Disabled** people to cycle at our open inclusive cycling sessions (517 attending for the first time). Of these, 310 were under 20 years of age and 165 were 60+. **Participants cycled 8,268 times between them** . 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. 

• We delivered **389 open sessions** at our three inclusive cycling hubs in South London: Herne Hill Velodrome; Croydon Arena and Ladywell Day Centre (including our led rides (49) and “Young Wheels”, our programme of under-26s only sessions). We also ran **72 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. Our cycling operations ran during **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). 

## • **We continued to welcome a very diverse range of Disabled people** : 

Our youngest cyclist was two years old and our oldest rider was 95 years old. 61% of participants identified as not being of white background, people on the autism spectrum, with or without Learning Difficulties and/or other impairments continued to make up 60% of our participants. 13% of participants lived with a physical impairment; 7.2% lived with long term conditions; 5.1% with sight loss; 6.6% with mental health issues; 2.1% with hearing loss. The gender split amongst our riders was: c.71.4 Male, c. 27.8% female with 0.1% non-binary & the remainder preferring not to disclose. **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. 

• During 2024/25, we ran a project to **increase access to school-based Bikeability training for Disabled young people in mainstream** schools. This involved outreach to schools and their Special Educational Needs Coordinators to increase awareness of the fact most Disabled young people can cycle with the right equipment and support. We also worked closely with the cycle training providers, principally in Lambeth, and arranging for trikes/handcycles etc. to be provided ahead of cycle training in classes with Disabled young people. We contacted 168 schools in 3 boroughs; we supported more than 13 young people to access cycle training through the hiring of 12 cycles between October 2024 and June 2025. We also engaged with 45 young people through other cycling related interventions in SEND schools. 

## **(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 2024/25 saw the continued increase in the impact of our campaigning and influencing work: 

Page 3 



## **WHEELS FOR WELLBEING** 

## **Report of the Trustees for the year ended 31 March 2025** 

## **Achievements and Performance 2024/25 (continued)** 

## **Policy influencing work with National and Local Governments** 

We have become established members of a number of All-Party Parliamentary Groups (on Cycling and Walking; on Micromobilities; on Disability). The team quickly developed strong connections with key people in the new government after the 2024 general election, including the Minister for Active Travel, Simon Lightwood. The long-term campaigning for changes to regulations around mobility aids continued. 

## **Amplifying the voice of Disabled people – Broadening our engagement** 

We submitted evidence to consultations on a wide range of national proposals and supported campaigns by other DPOs related to broader transport accessibility. Our campaigns and Policy team produced multiple guidance and discussion documents and were part of a successful barrier removal campaign in Flintshire (Wales). The team presented at more than 20 events nationwide. They also continued to respond to individual casework. 

We were successful in securing a grant from the Rees Jeffreys’ Road Fund, which enabled the team to start work on producing the 5th edition of our highly respected and influential Guide To Inclusive Cycling (launched since the end of the reporting year, in September 2025). 

We continued to maintain the photobank of inclusive cycling imagery, which remains free-to-use, upon registering at: https://wfwimages.free.resourcespace.com/login.php. 

## **Supporting the inclusive cycling sector** 

The Disabled Cyclists’ Advocacy Network (DCAN): Over this period, we have continued to support the development of the DCAN network. Membership is now more than 80 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). 

## **Developing our consultancy work** 

The Campaigns & Policy team worked on varied types of commissioned projects: we were asked to be expert partners in two Motability funded projects - one with Sustrans (developing an accessible way-finding app), one with Cycling UK (Inclusive Cycling Experience in Manchester and Inverness). We held two paid steering group positions on one NCAT funded project and consulting partner on another, (both to complete in 2025-26). 

We were part of a successful multi-partner funding bid to NIHR with University of Westminster. This five-years research project begins April 2025 and will run until 2030. We also developed a partnership project with London Cycling Campaign to deliver Disability Equality and Experiential Inclusive Cycling training to their Cycle Buddies (to start fully in 2025/26). 

We delivered a number of paid consultancy projects with the London boroughs of Southwark and of Westminster on active travel schemes, and also worked on a paid partnership with Leeds city council and other Disabled People’s Organisations to explore best practice accessibility around contested issues including bus stop by-passes (work on crossings is planned to start in 2025/26). 

## **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. 

## **Marketing and Communications** 

The team worked to grow our social media impact and presence. We continued to be active on Facebook, Instagram and LinkedIn. We took the strategic decision to stop actively engaging on X (formally Twitter), due to the levels of negativity and aggression having developed rapidly on that platform after the change of ownership. We opened and quickly developed a substantial following on Bluesky. 

Page 4 



## **WHEELS FOR WELLBEING** 

## **Report of the Trustees for the year ended 31 March 2025** 

## **Financial Review** 

Overall, incoming resources were £455,973 (2024: £303,200), and total expenditure was £475,806 (2024: £440,678). The Charity had a deficit of £19,833 (2024: £137,478). 

## Principal Funding Sources: 

Main sources of income during this year have been the following: grants c.64% (c.62% 2024); donations c.5% (c.4% 2024); participants’ charges c.12% (c.12% 2024); extra sessions c.6% (c.6% 2024); consultancy income c.12% (c.13% 2024). 

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

- **City Bridge Trust** (year five of a five-year grant, funding our multi-weekly cycling sessions in Southwark and Croydon). 

- **Motability Foundation** -via Sustrans (funded the creation of an Advisor post, as part of Wheels4Me London, inclusive cycling loan scheme for London). 

- **Peter Harrison Foundation** (funded our project supporting more Disabled youngsters in mainstream schools to access cycle training with their peers). 

- **The National Lottery - Awards for All** (funded our Led-Rides programme). 

- **Florian Charitable Trust** (contributing to the running costs of our services). 

- **The Access Foundation** (contributing to the running cost of our inclusive cycling sessions at the Herne Hill Velodrome). 

- **Croydon Relief in Need Charity** (year 2 of a 2-year grant towards our Young Wheels sessions – for Disabled children and young people – to run through to Autumn 2025). 

- **The Gosling Foundation** (funded sessions for Disabled students attending an SEND college in South London). 

- **Share The Joy Fund** (contributing to the cost of outreach cycling sessions). 

- **The Rees Jeffreys Road Fund** (funded the production of the fifth edition of our Guide To Inclusive Cycling and the development of three online webinars –to be delivered in 2025/26). 

- **The Hedley Foundation** (funded a new handcycle for our fleet). 

- **The Tim Henman Foundation** (funded a new wheelchair tandem for our fleet). 

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

- **London Borough of Lambeth’s Community Connections fund** (started in January 2023, final year 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 three of a four-year grant towards inclusive cycling sessions at Ladywell). 

- **Transport for London’s Walking & Cycling Grants London** via Groundwork London - supporting the delivery of Bikeability training to Disabled adults (Year 1 of 2 – to be delivered between February 2025 & August 2025). 

- **Transport for London’s Walking & Cycling Grants** London via Groundwork London - supporting the delivery of our Young Wheels programme (Year 2 of 2, to be delivered summer 2025). 

- **London Borough of Southwark Cycling Grant** (for summer sessions for children and young people at Burgess Park). 

- **London Borough of Southwark Olympic legacy** (funded 3 recumbent tricycles for our fleet). 

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

- We are particularly grateful to Christine Collin for an incredibly generous donation to us during this reporting year. 

- We thank the members of **Penge Cycling Club** , who continued to support Wheels for Wellbeing as their affiliated charity partner. 

- We thank the members of **Balham Cycle Club** who sponsored one of our cycles once again. 

- We also thank **Vulpine.cc** who chose us for a sixth 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. 

Page 5 



## **WHEELS FOR WELLBEING** 

## **Report of the Trustees for the year ended 31 March 2025** 

## **Financial Review (continued)** 

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. 

## 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. 2024/25 saw the continued implementation of the strategy: Wheels for Wellbeing plans to continue delivering its life changing inclusive cycling opportunities in South London and further afield 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. 

2. Profile and Visibility (building a Communications and Marketing resource for all three strands of activity). As planned, we created a post of Marketing & Communications Manager (p-t). 

3. Evidence of Impact (improving our ability to evidence the impact of our work to support all three strands of activity). 

4. 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). 

5. Training, Consultancy & Innovation. 

Page 6 



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## **WHEELS FOR WELLBEING** 

## **STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) for the Year Ended 31 March 2025** 

|Notes<br>**Incoming resources:**<br>Voluntary income:<br>4<br>Donations & grants<br>Activities for generating funds:<br>Investment income<br>5<br>**Incoming resources from**<br>**charitable activities:**<br>Participant charges<br>Extra sessions<br>Consultancy<br>Other income<br>**Total incoming resources**<br>**Resources expended**<br>**Costs of generating funds:**<br>Costs of generating voluntary income<br>**Charitable activities**<br>**Total resources expended**<br>3<br>**STATEMENT OF TOTAL RECOGNISED**<br>**GAINS AND LOSSES**<br>**Net incoming resources before other**<br>**recognised gains**<br>**(net income for the year)**<br>**Fund transfers**<br>**Other recognised gains**<br>Gain on revaluation of investments<br>**Net movement in funds**<br>Total funds brought forward<br>**Total funds carried forward**<br>13<br>**U**|**Funds**<br>**2025**<br>**£**<br>**106,843**<br>**6,615**<br>**2,684**<br>**25,799**<br>**53,689**<br>**-**<br>**nrestricted**|**Restricted**<br>**Funds**<br>**2025**<br>**£**<br>**209,167**<br>**-**<br>**49,775**<br>**1,401**<br>**-**<br>**-**<br>**260,343**<br>**-**<br>**266,525**<br>**266,525**<br>**(6,182)**<br>**12,364**<br>**-**<br>**6,182**<br>**16,277**<br>**22,459**|**Total**<br>**Funds**<br>**2025**<br>**£**<br>**316,010**<br>**6,615**<br>**52,459**<br>**27,200**<br>**53,689**<br>**-**<br>**455,973**<br>**17,875**<br>**457,931**<br>**475,806**<br>**(19,833)**<br>**-**<br>**-**<br>**(19,833)**<br>**378,630**<br>**358,797**|Total<br>Funds<br>2024<br>£<br>200,149<br>6,880<br>35,840<br>19,520<br>40,211<br>600|
|---|---|---|---|---|
||**195,630**|||303,200|
||**17,875**<br>**191,406**|||20,765<br>419,913|
||**209,281**|||440,678|
||**(13,651)**<br>**(12,364)**<br>**-**|||(137,478)<br>-<br>-|
||**(26,015)**<br>**362,353**|||(137,478)<br>516,108|
||**336,338**|||378,630|



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

The notes form part of these financial statements 

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## **WHEELS FOR WELLBEING** 

## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2025** 

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. 

Page 10 

continued... 



## **WHEELS FOR WELLBEING** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025** 

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

|Donations<br>Transport for London WCGL Grant (via Groundwork)<br>Lewisham Council Grants<br>Florian Charitable Trust<br>City Bridge Trust<br>Sport England (TIF), via DR_UK<br>Lambeth Council Grant<br>Peter Harrison<br>Gosling Foundation<br>Southwark Council<br>Sustrans<br>GTCT<br>Guys & St Thomas NHS Foundation<br>Lottery Community Fund<br>Croydon relief<br>Tim Henman Foundation<br>The Rees Jeffreys Road Fund<br>Hedley Grant<br>The Access Foundation<br>London Cycling Campaign<br>Gunter Charitable Trust|**Restricted**<br>**Unrestricted**<br>-<br>25,028<br>10,918<br>-<br>29,981<br>-<br>-<br>5,000<br>55,860<br>-<br>-<br>-<br>9,862<br>-<br>22,583<br>2,000<br>3,616<br>-<br>13,420<br>-<br>-<br>72,315<br>-<br>-<br>-<br>-<br>19,987<br>-<br>12,038<br>-<br>9,047<br>-<br>14,000<br>-<br>2,855<br>-<br>5,000<br>-<br>-<br>2,500<br>-<br>-<br>209,167<br>106,843|**2025**<br>2024<br>**Total**<br>Total<br>**£**<br>£<br>25,028<br>12,510<br>10,918<br>-<br>29,981<br>34,890<br>5,000<br>5,000<br>55,860<br>62,950<br>-<br>9,205<br>9,862<br>19,679<br>24,583<br>2,417<br>3,616<br>1,808<br>13,420<br>12,527<br>72,315<br>900<br>-<br>2,816<br>-<br>33,825<br>19,987<br>-<br>12,038<br>-<br>9,047<br>-<br>14,000<br>-<br>2,855<br>-<br>5,000<br>-<br>2,500<br>-<br>-<br>1,622|
|---|---|---|
|||316,010<br>200,149|



Page 12 

continued... 



## **WHEELS FOR WELLBEING** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025** 

|5.|**INVESTMENT INCOME**||||
|---|---|---|---|---|
|||**31.3.25**|31.3.24||
|||**£**|£||
||Deposit account interest|**6,615**|6,880||
|6.|**OUTGOING RESOURCES**||||
||The deficit is stated after charging:||||
|||**31.3.25**|31.3.24||
|||**£**|£||
||Depreciation - owned assets|**19,236**|16,059||
||Directors’ remuneration and other benefits etc||**-**|-|
|7.|**STAFF COSTS**||||
|||**31.3.25**|31.3.24||
|||**£**|£||
||Wages and salaries|**340,005**|300,594||
||Social security costs|**19,220**|15,469||
|||**359,225**|316,063||
||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:||||
|||**31.3.25**|31.3.24||
||Director|1|1||
||Direct|4|5||
||Instructors & mechanics|2|2||
|||7|8||



## 8. **TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS** 

Tom Staniford was paid £6,920 as a freelance Digital Marketing Consultant (his profession) between 25th November 2024 and 3rd March 2025, during which time he was also serving as a Trustee of Wheels for Wellbeing. This appointment was made in accordance with WfW’s Memorandum of Association [5 (5) b & 5(6)] and conflict of interest policy, and with full reference to Charity Commission guidance on Paying Trustees (CC11) and on Conflict of Interest (CC29). The Board of Trustees agreed to contract with Tom on an interim basis because he had wide experience in digital marketing, social media and other key areas, because increasing the external profile of WfW had been identified as an urgent priority and because his appointment would give the management team time to recruit a salaried Communications & Marketing Manager. No other benefits or expenses were paid to Tom Staniford 

## 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 2025** 

## 10. **TANGIBLE FIXED ASSETS** 

|**COST**<br>At 1 April 2024<br>Additions<br>At 31 March 2025<br>**DEPRECIATION**<br>At 1 April 2024<br>Charge for year<br>At 31 March 2025<br>**NET BOOK VALUE**<br>At 31 March 2025<br>At 31 March 2024<br>11.<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>12.<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Taxation and social security<br>Funding received in advance<br>Other creditors|**Plant and**<br>**machinery**<br>**etc**<br>**£**<br>**281,640**<br>**17,928**<br>**299,568**<br>**245,920**<br>**19,236**<br>**265,156**<br>**34,412**<br>35,720<br>**31.3.25**<br>31.3.24<br>**£**<br>£<br>**32,444**<br>16,555<br>**3,740**<br>1,594<br>**36,184**<br>18,149<br>**31.3.25**<br>31.3.24<br>**£**<br>£<br>**6,444**<br>6,837<br>**12,000**<br>71,165<br>**5,368**<br>10,176<br>**23,812**<br>88,178|
|---|---|



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continued… 



## **WHEELS FOR WELLBEING** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025** 

|13. **MOVEMENT IN FUNDS**<br>**Unrestricted Funds**<br>General Fund<br>**Restricted Funds**<br>Croydon Arena Hub<br>Cycling for Syrian Families<br>Kids on Wheels / Young Wheels<br>Lewisham Hub<br>Wheels for Change<br>Cycling for SEND Schools<br>Community Engagement<br>Dare to Ride<br>Herne Hill Velodrome Hub<br>Inclusive Cycle Hire<br>Bikeability for disabled children<br>Fleet modernisation<br>Bikeability for all<br>Technology for Change<br>Redundancy Reserve<br>**TOTAL FUNDS**|**At 1.4.24**<br>362,353<br>-<br>537<br>(3,639)<br>291<br>24,842<br>(66)<br>197<br>(5,917)<br>-<br>(100)<br>(83)<br>(2,440)<br>-<br>(9,345)<br>12,000<br>**378,630**|**Net**<br>**movement**<br>**in funds**<br>(13,651)<br>-<br>-<br>10,087<br>(11)<br>(24,000)<br>-<br>33<br>-<br>-<br>-<br>-<br>5,107<br>2,602<br>-<br>-<br>**(19,833)**|**Transfers**<br>**between**<br>**funds**<br>(12,364)<br>-<br>(537)<br>537<br>-<br>-<br>66<br>(230)<br>-<br>-<br>100<br>83<br>-<br>-<br>9,345<br>3,000<br>**-**|**At 31.3.25**<br>336,338<br>-<br>-<br>6,985<br>280<br>842<br>-<br>-<br>(5,917)<br>-<br>-<br>-<br>2,667<br>2,602<br>-<br>15,000|
|---|---|---|---|---|
|||||**358,797**|



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

|**Unrestricted funds**<br>General<br>**Restricted funds**<br>Croydon Arena Hub<br>Cycling for Syrian Families<br>Kids on Wheels / Young Wheels<br>Lewisham Hub<br>Wheels for Change<br>Cycling for SEND Schools<br>Community Engagement<br>Dare to Ride<br>Herne Hill Velodrome Hub<br>Inclusive Cycle Hire<br>Bikeability for disabled children<br>Fleet modernisation<br>Bikeability for all<br>Technology for Change|**Incoming**<br>**resources**<br>195,630<br>**195,630**<br>72,211<br>-<br>22,380<br>25,750<br>14,000<br>3,616<br>14,843<br>19,987<br>37,674<br>-<br>23,984<br>20,938<br>4,960<br>-<br>**260,343**<br>**455,973**|**Resources**<br>**expended**<br>(209,281)<br>**(209,281)**<br>(72,211)<br>-<br>(12,293)<br>(25,761)<br>(38,000)<br>(3,616)<br>(14,810)<br>(19,987)<br>(37,674)<br>-<br>(23,984)<br>(15,831)<br>(2,358)<br>-<br>**(266,525)**<br>**(475,806)**|**Movement**<br>**in funds**<br>(13,651)|
|---|---|---|---|
||||**(13,651)**<br>-<br>-<br>10,087<br>(11)<br>(24,000)<br>-<br>33<br>-<br>-<br>-<br>-<br>5,107<br>2,602<br>-|
||||**(6,182)**|
||||**(19,833)**|



Page 15 

continued... 



## **WHEELS FOR WELLBEING** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2025** 

## 13. **MOVEMENT IN FUNDS (continued)** 

|**Funder**<br>**Grant status**|**Funder**<br>**Grant status**|**Grant Purpose**<br>**Amount**<br>**in**<br>**2024/25**|**Grant Purpose**<br>**Amount**<br>**in**<br>**2024/25**|
|---|---|---|---|
|Sustrans (partnership funding from<br>Motabiltiy Foundation)|Unrestricted|Inclusive Cycle Loan Scheme (Wheels4Me London)|£72,315|
|Peter Harrison Foundation (granted<br>in 2023/24 but most of the grant was<br>brought forward as the project was<br>mostly delivered during this financial<br>year)|Unrestricted|Overcome systemic barriers for 45 Disabled childre n<br>and influence the provision of Bikeability training in<br>schools to ensure no child is excluded from the<br>training scheme due to their Disability|£22,583|
|Florian Charitable Trust|Unrestricted|Contribution towards Core Cycling activities|£5,000|
|Peter Harrison Foundation|Unrestricted|Additional small grant towards core costs|£2,000|
|Share The Joy Fund|Unrestricted|Contribution towards Inclusive Cycling Outreach|£2,500|
|City Bridge Trust<br>Year 5 of 5|Restricted|Funding for Weekly Inclusive Cycling Sessions at<br>Croydon Arena (x3 per week) and at the Herne Hill<br>Velodrome (x 2 per week)|£55,860|
|London Borough of Lewisham -Main<br>Grants (A Healthy and Well Future)<br>Year 3 of 4|<br>Restricted|Lewisham-based weekly open inclusive cycling<br>sessions|£25,000|
|National Lottery Awards for<br>All (received in 2023/24 and brought<br>forwardinto thisfinancialyear)|Restricted|Dare To Ride<br>57 led rides during 2024/25|£19,987|
|London Borough of Lambeth<br>(Community Connections Fund)<br>Year 2 of 2|Restricted|Community Engagement to combat loneliness by<br>enabling more Disabled and Older people to access<br>inclusive cycling opportunities|£14,843|
|The Rees Jeffreys Road Fund (to be<br>completed in 2025/26)|Restricted|Funding the production of the fifth edition of the<br>Guide to Inclusive Cycling+ three webinars|£14,000|
|Croydon Relief in Need Charity<br>Year 2of 2|Restricted|Young Wheels<br>70 Croydonyoungresidentsreached|£12,038|
|Transport for London through<br>Walking & Cycling Grants London<br>(WCGL)<br>Year 2 of 2|Restricted|Young Wheels – Years 1 & part of Yr 2<br>Bikeability for All - Year 1|£5,958<br>£4,960|
|The Access Foundation|Restricted|Herne Hill Velodrome sessions (contribution<br>towards)|£5,000|
|Southwark Cycling Grant|Restricted|Summer programme of Inclusive cycling sessions for<br>children/young people atBurgessPark|£4,384|
|The Gosling Foundation|Restricted|Cycling sessions for Disabled Students (SEND<br>College)|£3,616|
|Southwark Olympic legacy|Capital Grant<br>Restricted|Three x recumbent tricycles|£9,036|
|Tim Henman Foundation|Capital grant<br>Restricted|Towards the purchase of a wheelchair tandem|£9,047|
|The Hedley Foundation|Capital grant<br>Restricted|Towards the purchase of a handcycle|£2,855|



Page 16 



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