2023-03-31-accounts

Trustees			Mr WJ Tovey
			Mr M Caveney
			Mr JM Anthony
			Mrs M Whitehead
			Mr NC Hornsby
			Mr M Hodgson
Charity number			1135959
Company	number		02720382
Registered		office	Palace Hub
			28-29 Esplanade
			Redcar
			North Yorkshire
			TS103AE
Independent		examiner	Davies Tracey
			Swan House
			Westpoint Road
			Teesdale Business Park
			Stockton on Tees
			TS176BP
Bankers			Virgin Money
			7 Linthorpe Road
			Middlesb rough
			TS1 1RF

			Page
Trustees' report			1-4
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Statement ofcash flows
Notes to the financial	statements

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
	Notes	F	F	F	F		F
Income from:
Charitable activities
Contracts for
operational
programmes		207,003	418,840	625,843	57,682	826,014	883,696
Ex enditure on:
Charitable activities
Contracts for
operational
progra mmes		211,120	490,655	701,775	132,266	639,963	772,229
Total charitable
expenditure		211,120	490,655	701,775	132,266	639,963	772,229
Net (outgoing)/incoming
resources before
transfers		(4,117)	(71,815)	(75,932)	(74,584)	186,051	111,467
Gross transfers
between funds		42,495	(42,495)		(9,289)	9,289
Net income/(expenditure)
for the year/
Net movement	in funds	38,378	(114,310)	(75,932)	(83,873)	195,340	111,467
Fund balances	at 1 April
2022		(28,808)	288,026	259,218	55,065	92,686	147,751
Fund balances	at 31
March 2023		9,570	173,716	183,286	(28,808)	288,026	259,218

				2023		2022
			Notes	F
Fixed assets
Tangible assets					187,556		231,639
Current assets
Debtors				84,785		340,592
Cash at bank and in		hand		230,740		189,124
				315,525		529,716
Creditors:	amounts	falling due within
one year			10	(199,425)		(326,211)
Net current	assets				116,100		203,505
Total assets less current liabilities					303,656		435,144
Creditors:	amounts	falling due after
more than	one year				(120,370)		(175,926)
Net assets					183,286		259,218
Income funds
Restricted	funds		13		173,716		288,026
Unrestricted	funds				9,570		(28,808)
					183,286		259,218

					2023		2022
				Notes	f		f
Cash flows from operating activities
Cash generated from operations				18		182,292		277,276
Investing	activities
Purchase	oftangible fixed assets				(85,120)		(310,933)
Proceeds from disposal oftangible			fixed
assets							12,557
Provision ofshort term funding							(150,932)
Net cash	used in investing activities					(85,120)		(449,308)
Financing	activities
Proceeds	from new bank loans						250,000
Repayment	of bank loans				(55,556)		(18,518)
Net cash	(used in)/generated	from
financing	activities					(55,556)		231,482
Net increase in cash and cash equivalents						41,616		59,450
Cash and	cash equivalents at beginning			ofyear		189,124		129,674
Cash and	cash equivalents at	end of		year		230,740		189,124

useful liv	es on the following bases	:
Scooters	and ebikes	33%on cost and 25% on cost
Computer	equipment	25% on cost
Motor vehicles		25% on cost

					Contracts for	Contracts for
					operational	operational
					programmes	programmes
					2023	2022
Contracts for operational				programmes	625,843	883,696
Analysis by	fund
Unrestricted	funds				207,003	57,682
Restricted funds					418,840	826,014
					625,843	883,696
Tees Valley	Combined		Authority - Wheels 2 Work		250,624	380,751
TEWV						198,615
Redcar 8 Cleveland		BC				163,568
Anglo-American Foundation						40,000
Sport England						27,950
Middlesbrough BC						15,000
New College Durham					123,677
Doggerbank	Foundation				100,000
Woodsmith	Foundation				4,000
Humankind					25,166
Other					122,376	57,812
					625,843	883,696

						Contracts for	Contracts for	Contracts for	Contracts for
						operational			operational
						programmes			programmes
							2023		2022f
Staff costs							347,285		439,112
Depreciation	and impairment						129,203		82,695
Other office	costs						221,002		242,761
Loss on disposal oftangible fixed assets									5,561
							697,490		770,129
Share ofgovernance		costs (see note		4)			4,285		2,100
							701,775		772,229
Analysis by	fund
Unrestricted	funds						211,120		132,266
Restricted funds							490,655		639,963
							701,775		772,229
Support costs
					Support	Governance	2023		2022
					costs	costs
						F
Independent	examination		ofcharity's	financial
statements						1,075	1,075		1,000
Other non-Independent			Examination	services		3,210	3,210		1,100
						4,285	4,285		2,100
Analysed between
Charitable activities						4,285	4,285		2,100

The average monthly number ofemployees during th	e year was:
	2023	2022
	Number	Number
	12	16
Employment costs	2023	2022
Wages and salaries	304,810	392,738
Social security costs	29,315	33,604
Other pension costs	13,160	12,770
	347,285	439,112

7	Tangible fixed assets
			Scooters and	Computer	Motor vehicles	Total
			ebikes	equipment
					F
	Cost
	At 1 April 2022		265,227	8,152	42,950	316,329
	Additions		84,003	1,117		85,120
	At 31 March 2023		349,230	9,269	42,950	401,449
	Depreciation and impairment
	At 1 April 2022		72,936	3,701	8,053	84,690
	Depreciation charged	in the year	116,412	2,053	10,738	129,203
	At 31 March 2023		189,348	5,754	18,791	213,893
	Carrying amount
	At 31 March 2023		159,882	3,515	24,159	187,556
	At 31 March 2022		192,291	4,451	34,897	231,639
8	Debtors
					2023	2022
	Amounts falling due	within one year:
	Trade debtors				49,011	189,660
	Other debtors				35,774	150,932
					84,785	340,592

		2023	2022
Bank loans		175,926	231,482
Payable	within one year	55,556	55,556
Payable	after one year	120,370	175,926

10	Creditors: am	ounts	falling	due within one year
							2023	2022
						Notes	F
	Bank loans						55,556	55,556
	Other taxation	and social security					6,765	55,543
	Deferred income					12	24,602	129,605
	Trade creditors						28,704	1,834
	Other creditors						81,593	81,573
	Accruals and deferred		income				2,205	2,100
							199,425	326,211
11	Creditors: amounts		falling	due after more than one	year
							2023	2022
						Notes
	Bank loans						120,370	175,926
12	Deferred income
							2023	2022
							E	E
	Other deferred	income					24,602	129,605
	Deferred income is included			in the financial statements	as follows:
							2023f	2022
	Deferred income is included			within:
	Current liabilities						24,602	129,605

12	Deferred	income				(Continued)
	Movements in the year:
	Deferred	income at	1 April 2022		129,605
	Released	from previous		periods	(105,003)
	Resources deferred		in the year			129,605
	Deferred	income at	31	March 2023	24,602	129,605

					Movement in funds	Movement in funds			Movement in funds	Movement in funds
				Balance at	Incoming	Resources	Transfers	Balance at	Incoming	Resources	Transfers	Balance at
				1 April 2021 f	resources	expendedf		1 April 2022 f	resources f	expended	31	March 2023 F
Redcar 8 Cleveland	BC				163,568	(201,768)		(38,200)		(349)	38,549
Tees Valley Combined		Authority	-Wheels 2
Work					380,751	(219,268)		161,483	165,997	(368,880)		(41,400)
New College Durham						(8)		(8)	123,677	(42,625)	(81,044)
TEWV					198,615	(111,645)		86,970				86,970
Anglo-American Foundation					40,000			40,000				40,000
Sport England					27,950	(25,432)		2,518				2,518
Ballinger Trust						(228)		(228)				(228)
Hartlepool BC					130			130				130
Cycling insight				9,286		(7,226)		2,060				2,060
Middlesbrough BC					15,000			15,000				15,000
Humankind						(7,445)		(7,445)	25,166	(23,022)		(5,301)
Virgin Money Foundation						(11,966)		(11,966)				(11,966)
Virgin - Business Development			Manager					37,712				37,712
MVDA										(36,012)		(36,012)
Woodsmith Foundation									4,000	(30)		3,970
Doggerbank Foundation				49,959		(12,247)			100,000	(19,737)		80,263
Other				33,441		(42,730)	9,289
				92,686	826,014	(639,963)	9,289	288,026	418,840	(490,655)	(42,495)	173,716

14	Analysis ofnet assets	between funds
		Unrestricted	Restricted	Total Unrestricted		Restricted	Total
		funds	funds		funds	funds
		2023	2023f	2023	2022	2022 E	2022
	Fund balances at 31
	March 2023 are
	represented by:
	Tangible assets	27,674	159,882	187,556	39,348	192,291	231,639
	Current assets/(liabilities)	102,266	13,834	116,100	153,129	50,376	203,505
	Long term liabilities	(120,370)		(120,370)	(175,926)		(175,926)
		9,570	173,716	183,286	16,551	242,667	259,218

	2023f	2022f
Within one year	2,550	1,660
Between two and five years		1,090
	2,550	2,750

18	Cash generated from	operations	operations			2023f	2022f
	(Deficit)/surpus for the	year				(75,932)	111,467
	Adjustments for:
	(Gain)/loss on disposal	oftangible fixed assets					5,561
	Depreciation and impairment oftangible			fixed assets		129,203	82,695
	Movements in working	capital:
	Decrease/(increase) in	debtors				255,807	(183,660)
	(Decrease)/increase in	creditors				(21,783)	131,608
	(Decrease)/increase in	deferred	income			(105,003)	129,605
	Cash generated from	operations				182,292	277,276
19	Analysis ofchanges	in net funds/(debt)
					At 1 April 2022f	Cash flowsAt 31 March 2023 f f
	Cash at bank and in hand				189,124	41,616	230,740
	Loans falling due within	one year			(55,556)		(55,556)
	Loans falling due after	more than	one year		(175,926)	55,556	(120,370)
					(42,358)	97,172	54,814