## ## |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|