COMPANY REGISTRATION NUMBER: 06708913 CHARITY REGISTRATION NUMBER: 1126297 Bikeability Wales Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 GORDON DOWN & COMPANY LIMITED Accountants and business advisors 144 Walter Road Swansea SA15RW
Bikeability Wales Company Limited by Guarantee Financial Statsments Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) 10 Statement of financial position 11 Notes to the financial statements 12 The following pages do not form part ofthe financial statements Detailed statement of financial activities 21 Notes to the detailed statement of financial activities 22
Bikeability Wales Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directovs Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, pr&%ent their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and adminlstrntive details Reglstered chartty name Bikeability Wales Charlty registration number 1126297 Cornpany registration number 06708913 Principal offi¢6 and rogistered The Environment Cent office Pier Street Swansea INest Glamorgan SA11RY The trustees Mr S Hancock Ms M SheOod Ms C Dieppe Mrs C Jones Dr V A Williams (Resigned 23 January 2024) Independent examlner Carl West ACA 144 Walter Road Swansea SA15RW structure, govemance and management Structure The Management Committee confirms that the annual port and financial statements of the charity comply with the requirements of the chartty's goveming documents and the provisions of the Statement of Recommended practi 2005 (SORP 2005). Legal Statu8 The Charity is a company, limited by guarantee, registration number 06708913. It is registered with the Charity Commission, number 1126297.
Bikeability Wales Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 structure, governance and managemènt (contlnued) Method of Appointmont The Management of the Charity is the responsibility of the Management Committee and its OffirS who are elected and co-opted under the terms of the Charity Commission Scheme. The directors of the company are asso charty trustees for the purpose of charity law. As the charity's work has a focus on various aspects of cycling including the health and social benefits, the Management Committee seeks to ensure that its knowledge is appropriately reflected through the diversity of the trustee body. Trust&s are also selected for their organisational and financial management, neorkIng and publicity skills. In an effort to maintain this broad skill mix, members of the Management Committee are requested to provide a list of their skills and in the event of particular skills being lost due to retirements. indtviduals are approached to offer themselves for election. Trustee inductlon and training The trustees are familiar with the practical work of the charity and are encouraged to assist with the charity's activities and events. New trustees are invited and encouraged to seek advice from employees and more experienced trustees conceming: Obligats'ons of Management Committee members, The main documents which set out the operational framework for the charity. Resourcing and the current financial posttion as set out in the latest published accounts. Futu Plans and objectives. Rlsk Management The Management Commrttee has in the past conducted a review of the major risks to which the charity is exposed in its business plan. Where appropriate, procedures were established to mitigate the risks the charity fas. Significant extemal risks to funding also led to the development of a strategic plan to allow for the diversification of funding and activities. The Manager and staff team develop and adhere to work plans which comply with the business plan and strategic plan. and seek to mitigate both external and internal risks. Internal financial risks are minimised by the implementation of prOdureS for authorisation of all transactions and projects. Procedures are in place to ensure Complian with health and safety of staff, volunteers, clients and visitors to our venue. Procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. The manager keeps trustees infomied of any emerging risks to the organisation through regular discussions in beeen ft)rmal quarterEy meetings Key management remuneration The board of Trustees together with key staff members are considered to be the key management personnel of the charity. Details of payments to l from Trustees are disclosed in note 9 to the accounts. Payments made to other key management personnel are gtven in note 21. The level of payment made to all key management personnel is reviewed annually by Trustees. Oryanisational structure During the period covered by this report the charity had 4 trustees from a variety of professional backgrounds relevant to the work of the charity. The governing document states that the charity shall not have less than three trustees and is not subject to a maximum. Trustees meet quarterly and are responsible for the strategiG d1CtiOn and policy of the charity.
Bikeability Wales Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Objectives and activities As stated in the Memorandum of Article 'The chaiity's objectNes are the promotion of community participation in healthy recreation for the benefft of those Itving or working in Swansea and Southwest Wales, for people of all ages with disabilities or other infirmity and who would othetwise be excluded by enabling them to enjoy the pleasures and health benefits of cycling by the provision of special facilities and advi,. Aim BikeAbilty Wales was set up to enable people of all ages and abilities to enjoy the pleasures and health benefits of cycling. Activities Activities provided by the organisation include: Cycling activities which provided opportunities for of all ages and with different abilities to use specially designed and equipped bikes with the support of trained staff. Hire of both specialised and standard bikes to the community in Swansea and those visiting the area. Cyde training for people of all ages and at all levels including leam to ride sessions. Cycle skills, National Standards Cycle Training levels 1 & 2 and cycle Maintenan training. Management of Swansea's Nextbike Cycle Share Scheme. Opportunities for volunteers to participate in BikeAbility Wales services, to promote the charity at events and to undertake training. Companion Ride assisted by expert staff and volunteers. Evaluatlon and feedback The organisation has had a positive and successful year as a provFder of cycling opportunities for people of all ages and abilities, with a wide range of people attending the Dunvant venue from Swansea, Carnarthenshi, and Neath Port Talbot. It was a challenging year in relation to the management of the charity. It became clear that a new staff structure was required in order to distinguish expert Servi provision roles from leadership and management roles. In order to give time for a full staff restructure and attend to some health and safety matters, trustees took the decision to pause onsite servIS towards the end of the financial year (November to March). This coincided with a time when the demand for outdoor cycjing acttvities is is lower due to adverse winter weather, thus minimizing the impact on service delivery and income. Despite these challenges, the work carried out by the trustees, staff and volunteers enabled the organisation to maintsin its place as the primary provider of inclusive cycling activities in Swansea. Our work in partnership with Swansea University to support Swansea's Nextbike Cycle Share Scheme has continued. During this financial year. the bikes used within this scheme were unfortunately subject to vandalism. BikeAbility Wales worked wtth partners in the police, social housing providers and Swansea University to help address the damage to bikes and to retrieve bikes that were stolen. We also supported initial conversations regarding changes to the scheme, for example by introducing bikes with new locking mechanisms, which were led by Nextbike. In addition, we delivered work with the National Health Service, sheltered housing providers, schools,
Bikeability Wales Company Limitsd by Guarantse Trustses. Annual Report (Incorporating the Directorfs Report) {contlnuedJ Year ended 31 March 2024 and members of the public. We reIVed exlIent feedback about the Servi through both formal and infomwl monitoring. Organisations and individuals were asked to complete evaluation sheets, which were used to monitor user satisfaction and to collect written suggestions for improving the service. Testimonials from participants in project funding activities were shared with funders in order to demonstrate the wide range of positive impacts they had experienced. Volunteers Throughout the year there have been a total of approximatew 16 regular volunteers who have provided in the region of 495 valuable working hours. They have brought with them a variety of skills which have been extremety important for the smooth running of the projec( these include.. - Helping clients Assisting at cyde sessions and outreach events Maintaining the bikes and our containers Providing administrattve assistance Updating the website and social media. Aiding with publicity Infomial training has been provided, which included:_ Basic cycle Maintenan and repairs Specialist cycle maintenance and repairs How to run cycle sessions Painting and decorating BikeAbility Wales containers IT and media skills Project administration 1 to 1 teaching children & adults to ride Formal training courses provided". Safeguarding Training delivered by NSPCC
Bikeability Wales Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 31 March 2024 Achievements and performance Dunvant Venue based activlties Over the last year the organisation has been staffed by the manager, Cez Matthews, at the charity's Dunvant Rugby Club venue alongside Richard Jones, Funding and Finance offi'cer, and Alex Davies, Social Media and Training OffIr and Nicholas Lodge, Maintenance and Training Officer, who both decided to move on from the organisation in September 2023 to pursue other opportunities. Assistance with cycle sessions, training. maintenance, and administration continues to be supported by both sessional workers and volunteers. Al the staff have ensured that the organisation has continued to deliver its aims and objectives. Regular cycling sessions at the Dunvant Rugby Football Club based venue continue to support the sustainability of BikeAbilty Wales. The organisation remains dependent on input from volunteers and trustees. While this Is highly valued and will continue, one of the drivers of the decision by trustees to undertake a staff restructure was to create a sustainable staff team stru(Xure to ru this relian from 2024125 onwards. Beeen April and September, organisational staff enabled the running of regular, busy sessions belween Monday and Saturday with an average of 506 participants a month including carers. Between 1st and 10th October, services were delivered to 141 participants including ca[S. During this time, different organisations, groups and service providers used the venue at Dunvant. Throughout the year there were a total of 3175 vists to cycle sessions. Free of charge events taking place at the venue included 'Play Togetherf, 'Get Balanced, and 'Lefs Explore, sessions which were delivered to 504 children and young people over the summer, WklY companion rides for disabled adutts and caErs, and 20 free play and companion rrde sessions for disabled children and young people. Both core and project funding was provided by several funders induding.. Swansea Council - COAST Summer of Fun Acttvity Grant - Austin Bailey Foundation - group companion rKles support with staff cost to deliver group rides in the community. Local councillor donation - branded items for volunteers and extemal events Hedley Foundation - free play sessions and companion rides for disabled young people. Next Bike Maintenan and redistribub'on services for the Santander rental bike scheme in conjunctton with Swansea Universty and Next Bikes. Garfield Weston - core funding to support all of our activities Forster- core funding to support all of our activities MOOndan Foundation - core funding to support all of our activities receNed at the end of the 2022123 financial year but designated for use in 23124 Donations from organisations and individuals have also played a part in ensuring the financial sustainability of the organisation.
Bikeability Wales Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Cycle Coaching and Tralnlng BikeAbility Wales has continued to develop the range of both informal and fomial training that it provides. Throughout the year the charity delivered 266 one to one team to ride sessions, which we tailored to the particular needs and abiltties of each participant. As a result of these one to one sessions, 177 people learned to ride a bicycle. A total of 9 cycle skills sessions were delivered to participants (62 in previous year). And a total of 8 formal, National Cycle Standards 1 and 2 training sessions took pla, training 162 participants (up from 97 last year). Comprising of 96 to Level 1. 45 to Level 2, 21 level 3. Management of Swansea 's Santander I nextbike schem The charity continued to manage the Nextbike scheme in partnership with Swansea University. BikeAbility Wales provided maintenance and redistribution services for 70 bikes located in 6 stations set along Swansea's seafront The scheme was run from a workshop at Swansea University's Singleton Campus. It was coordinated by Chris Walsh. with maintenance and redistribution services provided by mechanic Mark Hodgson. Financial revlew Financial posltion The Charity's net incorne for the year amounted to (£8,296) {Gompared to £19,690 net incomings in 2022123). The restricted incoming reSoUrS for the year of £17,050 consists of grant income 1ved. These funds were expended on salaries, equipment and agreed overheads. Any unspent revenue income is carried forward to the next year. The total unrestricted funds at the end of the year represent the Charity's free reseNes and amounted to £59,209 (£51,488 - 2022123). The total restricted reserves at the year end amount to £2.642. Investment Policy The charity does not presently have an investment policy.
Bikeability Wales Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (conunued) Year ended 31 March 2024 Financial review fcontlnued) Roserves Policy The trustees have set a reserves policy which requires: Reserves be maintained at a level which ensures that the organisation's core activity could continue during a one year period of unforeseen dfficulty by retaining 1 year of staff salary in reseprfe. (£35,000 budgeted. based on the year 2011 to 2012). The proportion of resenies to be maintained in a readily realisable form should be £10,000 per annum. Total to be retained in reserrfe: £45,000 This calculation of the required level of reserves is an integral part of the organisation's planning, budget and forecast cycle. The reseTYes policy takes into account.. Risks associated with each stream of income and expenditure being different from that budgeted Planned actNity level includes: funds required to secure an indoor venue, pair and replacement of cycles and equipment. Organisational commitments including.. Insuran, rent. accountancy, etc. The reserves polÉcy will be reviewed on an annual basis. Plans for future periods For the coming year, the overarching priority of the management committee is to ViSe the stafring structure with the introduction of a senior Director post to provide enhanced strategic direction and operational oversight. Pending and alongside this recruitment, the focus will remain on". Encouraging a wider range of people of all abilities to attend the Dunvant venue. A focus on heatth-based initiatives. Continued development of cycle coaching and training for people of all ages and abilities, including teaching children and adults to ride, develop new riders by delivering cycle skills sessions, the provision of National Standards Cycle Training Levels 1, 2 & 3. Securing further funding to strengthen the charity's operations. The organisation has an excellent team of trustees, stsff, and volunteers so we are confident that BikeAbility Wales will conb'nue to be successful over the coming year. Small company provislons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies, exemption.
Bikeability Wales Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 The trustees, annual report was approved on 10 December 2024 and signed on behalf of the board of trust*s by: Ms M Sherwood Trustse
Bikeability Wales Company Limited by Guarantee Independent Examiner's Report to the Trustees of Bikeability Wales Year ended 31 March 2024 I report to the trustees on my examination of the financAal statements of Bikeabilty Wales ('the charity,) for the year ended 31 March 2024. Responsibilities and basls of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006 Cthe 2006 ACY). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the CharEty Commission under section 145(5)(b) of the 2011 ACL Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cau* to believe: accounting records were not kept in respect of the charity as required by sectÉon 386 of the 2006 Act. or the financial statements do not accord with those cords. or the financial ststements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination" or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. .I,,ltsVfr Carl West ACA Independent Examiner 144 WaEter Road Swansea SA15RW
Bikeability Wales Company Limited by Guarantse Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Totsl funds Total funds 2023 Unrestricted funds Income and endowments Donations and legacies Other trading activities other income 3,167 74,158 233 17,050 20,217 74,158 233 38.429 81,374 26 Total income 77,558 17,050 94,608 119,829 Expendlture Expenditure on charitable activities Total expenditure 69,837 33,067 33,067 102,904 102,904 100,139 69,837 100,139 Net (expendlture)lincomo and net movement in funds 7,721 (16.01n (8,296) 19,690 Reconciliation of funds Total fijnds brought forward Total funds carrfed forward 51,488 59,209 18.659 70,147 61,851 50,457 2,642 70,147 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing acttvtties. The notes on pages 12 to 19 form part of these financial ststements. 10-
Bikeability Wales Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assèts Tangible fixed assets 15 2,245 4,411 Current assets Cash at bank and in hand 60,829 67,048 Credltors: amounts falling due within on8 year Net current a88ets 16 1.223 1,312 65,736 70,147 70,147 59,606 61,851 61,851 Total assets less currant liabilities Net assets Funds of the charity Restricted funds Unrestricted funds 2,642 59,209 61,851 18,659 51,488 Total charlty funds 18 70,147 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordan with section 476" The directors acknowledge their responsibilfties for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 10 December 2024, and are signed on behalf of the board by: Ms M SheOOd Trustee The notes on pages 12 to 19 fomi part of these financial statements. 11
Bikeability Wales Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General Informatlon The charity is a public benefft entty and a private company limited by guarantee, registered in England and Wales and a registered charty in England and Wales. The address of the registered office is The Environment Centre, Pier Street, Swansea, West Glamorgan, SA1 1 RY. Statement of compliance These financial statements have been prepared in Complian V*fjth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investrnent properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concem There are no material unrtaintieS about the charrty's ability to continue. Judgements and key sources of estimation uncertalnty The preparation of the fi'nancial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of iwo sub-classes: restricted income funds or endowment funds. 12-
Bikeability Wales Company Limited by Guarantse Notes to the Financial Ststements (continued) Year ended 31 March 2024 Accountlng policies (contlnuodj Incoming resources All incoming sOurceS are included in the statement of financial activities when entitlement has passed to the charity. it is probable that the economic beneffts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, 7pt is probable and tts amount can be measured reliably. legacy income is recognised when CeIpt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliabSy, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilÉties and SeiCe5 are recognised in the accounts when receNed if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of servi$ is recognised with the deltvery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for tt to be spent on a particular Purpo and returned Èf unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is dassifsed under headings of the ststement of financial activities to which it relates: expenditure on raising funds includes the costs of all fvndraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that fvrther its charitable aims for the benefit of tts beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cos( and subsequentw stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. -13-
Bikeability Wales Company Limited by Guarantee Notes to the Financial Statsments {contlnued) Year ended 31 March 2024 Accounting pollcles (conunue Tanglble assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial actÉvities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown wthin other recognised gains and losses on the statement of financial activities. Deprociation Depreciation is calculated so as to wrFte off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment 250A straight line Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in whic the related Servi is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in fvture payments or a cash refund. Vthen contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The Charity is limited by guarantee and has no share capitsl. The liability of the members in the event of the company being liquidated is limited to £1 per member. Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 3,167 3,167 Grants Hedley Foundation scvs Gatheld Watson CC Swansea 2,000 2,000 5,000 8,400 5,000 8,400 The Austin Bailey Moondan 1,650 1,650 3,167 17,050 20,217 14-
Bikeability Wales Company Limited by Guarantee Notes to the Financial Statements {contlnued) Year ended 31 March 2024 Donations and legacles (contlnued) Unrestricted Funds RestFiCt8d Total Funds Funds 2023 Donatlons Donations 3,514 3,514 Grants Hedley Foundation scvs Garfield Watson CC Swansea 8,515 8,515 g,000 500 1,500 15,400 9,000 500 1,500 15,400 The Austin Bailey Moondance 3,514 34,915 38,429 Other trading act&vities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 other activities for generating fvnds 74,158 74,158 81,374 81,374 Other incom8 Unrestrrcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other income 233 233 26 26 Expenditure on charitable activities by fund type Unrestricted Funds Restrthd Total Funds Funds 2024 Activity type 1 Support costs 67,899 1,938 69,837 33,067 100,966 1,938 102,904 33,067 unstrICted Funds Restricted Totsl Funds Funds 2023 Activty type 1 Support costs 80,257 2,390 82,647 17.492 97,748 2,391 100,139 17,492 15-
Bikeability Wales Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Expenditure on charftable activities by actlvlty type Activities undertaken directty Support costs Total funds 2024 Total fund 2023 Activity type 1 Governan costs 100,966 100,966 1,938 102,904 97,748 2,391 100,139 1,938 100,966 1.938 10. Analy$Ks of support costs Analysis of support costs activity 1 Total 2024 Total 2023 Finan costs Support COSts - Accountancy 365 1,572 365 1,572 861 1,530 1,937 1,937 2,391 11. Net (expenditure)lincome Net (expenditure)lincome is stated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets 2,166 2.328 12. Independent examinatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,044 1,476 13. Stsff Costs The total staff costs and employee benefits for the reporting pertod are analysed as follows.. 2024 2023 Wages and salaries Employer contributions to pension plans 76,010 1,488 77,782 1,489 79,271 77N98 The average head count of employees during the year was 4 (2023.. 4). The aveRge number of full-time equivalent employees during the year is anatysed as follows.. 2024 No. 2023 No. Number of staff - type 1 16-
Bikeability Wales Company Limited by Guarantee Notes to the Financial Statsments (contlnued) Year ended 31 March 2024 13. Staff costs (Mnllnued) No employee received employee benefits of more than £60,000 during the year {2023: Nil). 14. Ttee remunerdtk•n and expenses No remuneration or other benefits from employment with the charity or a related entty were re1Ve by the trustees. 15. Tangible fixed assets Equipment Total Cost At 1 April 2023 and 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 93,951 93.951 89,540 2,166 89.540 2,166 91,706 91,706 Carrying amount At 31 March 2024 2,245 2,245 At 31 March 2023 4,411 4,411 16. Creditors: amounts falllng due within one year 2024 2023 Accruals and deferred income Social security and other taxes 1,044 179 1,134 178 1,223 1,312 17. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,488 (2023: £1,489). 17-
Bikeability Wales Company Limited by Guarantee Notes to the Financial Statements (cofttinued) Year ended 31 March 2024 18. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2023 Income Expenditure General funds 51,488 77,558 (69,837) 59,209 At 31 March 202 At 1 April 2022 Income Expenditure General funds 49,221 84,914 (82,647) 51,488 Restrict6d funds At 31 March 202 At 1 April 2023 Income Expenditure WCVA . scvs Swansea Change R13 WIVF The Austs'n Bailey Moondance Hedley Foundation Garfield Weston 2,641 441 2.641 8,400 (8,841) 1,650 (1,650) (15,576) (2,000) (5,000) (33,067) 15,577 2,000 5,000 17,050 18,659 2,642 At 31 March 202 At 1 April 2022 Income Expenditure WCVA - scvs Swansea Change R13 IAWF The Austin Bailey Moondance Hedley Foundation Garrield Weston {1) (5,874) (9,441) (500) (1,500) (176) 8,514 9,000 500 1,500 15,400 2,640 442 883 353 15,577 1,236 34,915 (17,492) 18,659 18-
Bikeability Wales Company Limitsd by Guarantee Notss to the Financial Statements {c¢xth'nued) Year ended 31 March 2024 19. AnalysSs of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,245 60,829 (1,223) 61,851 2.245 60,829 {1.223 61,851 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets CdItorS less than 1 year Net assets 3,794 67,048 (1,312) 69,530 617 4.411 67,048 (1,312) 70,147 617 -q9-
Bikeability Wales Company Limited by Guarantee Management Infonnation Year ended 31 March 2024 The following pages do not fomi part of the financlal statsments. -20-
Bikeability Wales Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacies Donations Hedley Foundation scvs Garfield Watson CC Swansea VWIF The Austin Bailey Moondance 3,167 2,000 3,514 8,515 5.000 8.400 9,000 500 1,500 15,400 38,429 1,650 20,217 Other trading activities Other activities ft)r generating funds 74,158 81,374 other income Other income 233 26 Total Income 94,608 119,829 Expenditure Expenditure on charitable activitles Wages and salaries Pension costs Rent Light and heat Repairs and maintenance Insurance Other motorltravel costs Legal and professional fees Telephone Other office costs Depreciation other interest payable and similar charges General expenses Training Volunteer expenses 76,010 1,488 3,600 851 535 2,219 174 1.572 1,298 1,747 2,166 366 905 9,161 812 77,782 1,489 3,600 292 1,290 2,483 96 1,530 1,510 412 2.328 861 689 5,557 220 102,904 100,139 Total expenditure 102,904 100,139 Net (expenditure)lincome 18,296) 19,690 21
Bikeability Wales Company Limited by Guarantse Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Expenditure on charitable activities Actlvty type I Activities undertaken dlrectly Direct charitable activity 1- wageslsalaries Direct charitable activity 1- pension costs Direct charitable activity 1- rent Direct charitable activity 1- light & heat Direct charitable activity 1- repairs & maintenance Direct charitable activity 1- insurance Direct charitable activity 1- other motorltravel costs Direct charitable activity 1- telephone Direct charitable acttvity 1- other office costs Direct charitable activity 1- depreciation General expenses Training Volunteer expenses 76,010 1N88 3,600 851 535 2,219 174 1,298 1.747 2,166 905 9,161 812 77,782 1,489 3,600 292 1,290 2,483 96 1,510 412 2,328 689 5,557 220 100,966 97,748 Governance costs Governance costs - accountancy fees Govemance costs - other finan costs 1,572 366 1,530 861 1,938 2,391 Expendjture on charltable activittes 102,904 100.139 -22-