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|Reports||||
|---|---|---|---|
|Reference and administrative|information|||
|Trustees'
report||||
|Independent
auditor's
report||||
|Financial statements||||
|Consolidated
statement
offinancial||activities|12|
|Statement
offinancial
position||||
|Consolidated
statement
ofcash flows|||14|
|Principal
accounting
policies|||15|
|Notes to the consolidated
financial||statements|18|
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|N|P Searl|(resigned 28 March 2022)|
|---|---|---|
|S|Whyman||
|D|S Millar||
|J|A Ross|(resigned 6 December 2021)|
|P|S Burke||
|S|E Cary||
|B|A Fowler||
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|Income and Expenditure|Income and Expenditure|Notes|2021|2021|2021|2020|2020|2020|
|---|---|---|---|---|---|---|---|---|
|Account|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds|E|funds|funds|f.|
|Incoming resources|||||||||
|Incoming
resources|from||||||||
|generated
funds|||||||||
|. Commercial
trading||1|19,310||19,310|680,730||680,730|
|operations|||||||||
|. Donations||10|102,560||102,560|357,933||357,933|
|. Government
grants||||80,379|80,379||26,671|26,671|
|Total incoming
resources|||121,870|80,379|202,249|1,038,663|26,671|1,065,334|
|Resources expended|||||||||
|Costs ofgenerating|funds:||||||||
|. Commercial
trading||2|179,142|80,379|259,521|649,226|26,671|675,897|
|operations|||||||||
|. Costs ofgenerating||3|22,260||22,260|33,436|500|33,936|
|voluntary
income|||||||||
||||201,402|80,379|281,781|682,662|27,171|709,833|
|Costs of charitable
activities||4|55,000||55,000|271,936||271,936|
|Governance
costs||5|10,780||10,780|10,527|1,680|12,207|
|Total resources expended|||267,182|80,379|347,561|965,125|28,851|993,976|
|Net movement
in funds|||(145,312)||(145,312)|73,538|(2,180)|71,358|
|Total funds brought|forward|16|427,277|11,451|438,728|353,739|13,631|367,370|
|Total funds carried|forward|16|281,965|11,451|293,416|427,277|11,451|438,728|
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||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
|||||Notes|2021|2020|2021|2020|
|||||||||F|
|Fixed assets|||||||||
|Tangible assets||||10|2 257|382|||
|Investments||||11|||||
|Current assets|||||||||
|Stocks|||||4,970|5,056|||
|Debtors||||12|122,300|159,287|251,678|236,645|
|Cash at bank|and|in|hand||414,817|654,857|264,873|425,462|
||||||542,087|819,200|516,551|662,107|
|Creditors: amounts|||falling due within|13|(250,928)|(380,854)|(20,914)|(169,855)|
|one year|||||||||
|Net current assets|||||291,159|438,346|496,637|492,252|
|Total net assets|||||293,416|438,728|495,638|492,253|
|Funds|||||||||
|Restricted reserves||||15|11,451|11,451|11,451|11,451|
|Unrestricted|reserves|||16|281,965|427,277|484,187|480,802|
|Total funds|||||293,416|438,728|495,638|492,253|
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|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021
f|2020
F-|
|Cash flows from operating||activities||||||
|Net movement
in funds||||(145,312)|71,358|3,385|43,975|
|Adjustments
for:||||||||
|Depreciation
oftangible assets||||1,511|553|||
|Changes
in:||||||||
|Stocks||||86|(130)|||
|Trade and other debtors||||36,987|121,120|(15,033)|(60,319)|
|Trade and other creditors||||(129,926)|(306,516)|(148,941)|(269,198)|
|Cash generated
from operations||||(236,654)|(113,615)|(160,589)|(285,542)|
|Cash flows from investing|activities|||||||
|Purchase
oftangible assets||||(3,386)||||
|Net cash used in investing||activities||(3,386)||||
|Net (decrease)/increase|in|cash and|cash|(240,040)|(113,615)|(160,589)|(285,542)|
|equivalents||||||||
|Cash and cash equivalents||at beginning|of|654,857|768,472|425,462|711,004|
|year||||||||
|Cash and cash equivalents||at end of|year|414,817|654,857|264,873|425,462|
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|1.Incoming resources|from commercial
trading
op|erations||
|---|---|---|---|
|||2021
f|2020
F|
|Corporate sponsorship|income|3,500|259,610|
|Riders' fees||14,111|394,338|
|Other income||1,699|26,782|
|||19,310|680,730|
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|2.Costs of|generating|funds —commerci|al
trading
operation|s||
|---|---|---|---|---|---|
|||||2021|2020|
||||||E|
|Crew and tour costs||||8,002|173,338|
|Hotels||||2,494|87,116|
|Advertising|and merchandising|||18,267|59,497|
|Staff costs (note 7)||||187,814|196,024|
|Other ride costs||||4,223|12,466|
|Travelling
costs||||8,673|60,982|
|Food and drink costs||||4,577|39,276|
|Office costs||||14,295|24,198|
|Bad debts|||||5,000|
|Legal and professional||costs||6,834|9,884|
|Depreciation|(note 10)|||1,510|554|
|Insurance||||1,947|4,031|
|Transaction|fees|||523|8,846|
|Loss/(profit)|on foreign|exchange||152|(6,201)|
|Bank charges||||210|886|
|||||259,521|675,897|
|3.Costs of|generating|funds —voluntary|income|||
|||||2021|2020|
|Office costs||||19,627|19,870|
|Sponsorship|||||6,000|
|Legal and professional|||||500|
|Transaction|fees|||2,519|7,411|
|Bank charges||||114|155|
|||||22,260|33,936|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|Coram|||||36,667|133,334|
|Multiple System Atrophy||Trust|||6,111|22,222|
|Tom ap Rhys Pryce Memorial||||Trust|6,111|22,222|
|Cyclists Fighting Cancer|||||6,111|22,222|
|Coram —Northern
Power||Ride 2019||||19,529|
|Crisis||||||19,529|
|West London
Mission||||||30,778|
|CRASH||||||2,000|
|The Pirrie Hall and Recreation||||Ground||100|
||||||55,000|271,936|
|Grants
paid by the charitable||||company|71,060|112,216|
|Grants payable and included||||in debtors (note 12)|(34,393)||
|Grants payable and included||||in creditors (note 13)|18,333|159,720|
||||||55,000|271,936|
|5.Governance costs|||||||
||||||2021|2020|
||||||F||
|Accountancy
fees|||||3,950|5,630|
|Audit fees|||||6,830|6,577|
||||||10,780|12,207|
|6.Net income/(expenditure)|||for the year||||
|Net income for the year|is|stated after charging:|||||
||||||2021|2020|
||||||F||
|Depreciation
of owned|fixed assets||||1,510|554|
|Auditor's
remuneration|||||6,830|6,577|
||||||2021|2020|
|Analysis ofauditors'|remuneration||||f.||
|Audit fees - current year|||||6,830|6,577|
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|nd its subsidiary|undertaking
during the year was:|||
|---|---|---|---|
|||2021|2020|
|||No|No|
|Administration|and organisation|||
|||2021|2020|
|Staffcosts for the above:||F|F|
|Wages and salaries||165,684|173,098|
|Social security|costs|14,851|14,972|
|Other pension|costs (note 17)|7,279|7,954|
|||187,814|196,024|
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||Fixtures|Computer||
|---|---|---|---|
||and fittings|equipment|Total|
|||F||
|Cost||||
|At 1 July 2020|11,493|11,170|22,663|
|Additions||3,386|3,386|
|Disposals||(9,092)|(9,092)|
|At 30June 2021|11,493|5,464|16,957|
|Depreciation||||
|At1 July2020|11,111|11,170|22,281|
|Provided
during the year|382|1,129|1,511|
|Released
on disposal||(9,092)|(9,092)|
|At 30June 2021|11,493|3,207|14,700|
|Net book value||||
|At 30June 2021||2,257|2,257|
|At 30June 2020|382||382|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Turnover||||1|19,310|680,730|
|Cost ofsales|||||(23,336)|(386,197)|
|Gross (loss)/profit|||||(4,026)|294,533|
|Administrative||expenses|||(240,434)|(293,821)|
|Other operating||income|||95,763|26,671|
|(Loss)/profit|on ordinary||activities before interest and gift aid||(148,697)|27,383|
|Interest receivable|||||||
|Gift aid||||18|||
|(Loss)/profit|for the financial year||||(148,697)|27,383|
|The aggregate|ofthe assets||and liabilities was:||||
||||||2021|2020|
|Assets|||||207,116|356,160|
|Liabilities|||||(409,337)|(409,684)|
||||||(202,221)|(53,524)|
|Represented||by:|||||
|1 ordinary
share ofE1|||||1|1|
|Profit and loss||account|||(202,222)|(53,525)|
||||||(202,221)|(53,524)|
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|2.Debtors||||||
|---|---|---|---|---|---|
|||Group||Charity||
|||2021|2020|2021|2020|
|||E|F|||
|Trade debtors||10,805|92,101|||
|Amounts
due|from subsidiary|||||
|undertaking
(note 18)||||179,323|198,683|
|Grants payable (note 4)||34,393||34,393||
|Other debtors||43,804|48,705|37,962|37,962|
|Prepayments|and accrued income|33„298|18,481|||
|||122,300|159,287|251,678|236,645|
##
|||Group||Charity||
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||F|F|F|F|
|Trade creditors||13,930|8,030||7,681|
|Grants payable (note|4)|18,333|159,720|18,333|159,720|
|Other taxation||40,976|44,025|||
|Other creditors||336||||
|Accruals and deferred|income|177,353|169,079|2,581|2,454|
|||250,928|380,854|20,914|169,855|
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||Group||Charity||
|---|---|---|---|---|
||2021|2020|2021|2020|
||F|F|F||
|Later than one year and not later than|||||
|five years|5,621|10,118|||
||5,621|10,118|||
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|||||At 1|Incoming|Resources|At 30|
|---|---|---|---|---|---|---|---|
||||I|July 2020|resources|expended|June 2021|
|||||E||F|E|
|Construction|Industry|Cycling||||||
|Commission||||11,451|||11,451|
|Government|grants||||80,379|(80,379)||
|||||11,451|80,379|(80,379)|11,451|
|||||At 1|Incoming|Resources|At 30|
||||I|July 2019|resources|expended|June 2020|
||||||E|||
|Construction|Industry|Cycling||||||
|Commission||||13,631||(2,180)|11,451|
|Government|grants||||26,671|(26,671)||
|||||13,631|26,671|(28,851)|11,451|
|year which have bee|n expended
on salaries for|furloughed
em|ployees.|||
|---|---|---|---|---|---|
|16.Analysis of net|assets between funds|||||
|Group||General|Restricted|Total|Total|
|||funds|funds|2021|2020|
|Fixed assets||2,257||2,257|382|
|Current assets||530,636|11,451|542,087|819,200|
|Creditors: amount|falling due within|||||
|one year||(250,928)||(250,928)|(380,854)|
|||281,965|11,451|293,416|438,728|
|Charity||General|Restricted|Total|Total|
|||funds|funds|2021|2020|
|||E||E|F|
|Fixed assets||1||1|1|
|Current assets||505,100|11,451|516,551|662,107|
|Creditors: amount|falling due within|||||
|one year||(20,914)||(20,914)|(169,855)|
|||484,187|11,451|495,638|492,253|