Registered number: 07194338
Charity number: 1140017
CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
CONTENTS
Page
Reference and admlnlstratlv8 detalls of the Charlty, Its Twslees and advlsers
Trustees. report
Independent examiner's report
10-11
Consolldated statement of flnanclal actlvltles
12
Consolldated balance sheet
13-14
Charity balance sheet
Consolidated statement of cash flows
15-16
17
Notes to the financial statements
18-37

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JANUARY 2024
Trustees
R Salisbury
K Musgrave
Dr D E Seddon
S Miles {resigned 1 May 2024)
E A Pharaoh
R W Torrance (appointed 8 March 2023)
Company reglstered
number
07194338
Charity registered
number
1140017
Reglstered offlce
154 Masons Road,
Strafford-Upon-Avon
CV37 9NF
Chlef executlve officer
Mike Grisenthwaite
Accountants
Crowe U.K. LLP
Chartered Accountants
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG
Bankers
The Co-operative Bank
No 2 Cathedral Square
The Cloth Market
Newcastl& upon Tyne
NE11EE
Page 1

CYCLISTS FIGHTING CANCER LTD
(A company Ilmited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
TRUSTEES REPORT
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 January 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
th8 UK and Republic of Ireland {FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Why Cyclists Fighling Cancer Exists
The general objectives of the charity remain unchangerj and are primarily to help children livlng wilh and beyond
cancer through activity and exer¢lse.
The objectives, as set out in the memorandum and articles of association are.
To relieve the needs of children and young people aged 18 and under in the UK who are affected
by cancer and to promote and protect their physical and mental health through the provision of
bicycles, tricycles, trailers and other cycling related accessorie5.
To relieve the needs of all parsons who are surviving cancer through the provision of support and
information.
Every year in the UK approximately 2,400 children up to and including the age of eighteen are diagnosed with
cancer. The effects of cancer and its associated treatment regimes are numerous. with the most common side
effects seen in children being:
Pain
Fatigue
Loss of cardiovascular conditioning
Muscle weakness and muscle tightness
Balance issues - certain drugs can affect the perlpheral nerves causlng loss of movement or
sensation in hands and feet
Coordination difficulties
Lack of self-esteem. confidence and concems with body self-perceptlon
Research also shows that survivors of childhood cancer have lower levels of physical filness than their peers
and that thi5 continues through into adult life, impacting on their future health. Almost half will experience chronic
severe or life-threatening consequences (late offecisl of their tumour andlor its treatment.
11 is now known that physical activity is safe, beneficial and recommended for all children and adolescenls
affected by cancer. 11 is recognised as one of the most effective ways of improving physical and psychological
health and wellbeing for children being treated for cancer and beyond,. reducing the impact of some of the side
effects of treatment, whilst promoting independence, peer support and self-confidence.
We encourage exercise and activity in children and young people at all stages of the5r c8ncer treatment and
beyond. We promote cycling as it is low impact, accessible. outdoor. sociable and fun! It is an activity that can be
enjoyed logelher as a family or for an older child it offers independence and freedom. It can be done at their own
pace, in their own time and can be integrated into daily lrfe.
We do this by providing new lightweight bikes and trikes to children and young people living with and beyond
cancer up lo and including 18 years old.
Page 2

CYCLISTS FIGHTING CANCER LTD
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
These bikes and trikes cover a wide range of needs and abilities. From a lightweight standard bike to a specially
adapted trike which offers exlra balance and head, neck or torso support, footplales, or a parenl handle to help
with steering. We also have a bike adaptations speGialist who can amend a standard bike for specific needs, for
example if a prosthetic ha5 been fitted or if the child has limited function of an arm and needs all of the bike
controls on one side. We have never failed to get a child pedalling yet! We also fund any cycling-related
equipment that may be required, helmets, stabilisers. bike locks, turbo trainers and biky biky jackets (to help with
balance).
Our standard bikes are high quallty and lightweight, on average 6kg lighter (or 3 x 2 litre bottles of water!) than
their cheaper brand equivalent. This is a huge benefit when there are-already existing Issues with balance,
coordination and strength as lighlmeight bikes are much easier to pedal and control, which in turn also aids
confidence and self-esteem.
Because the effects of cancer ar8 not OV8r once th8 treatment stops, and the Ilkellhood of 'late effects, (long
term side effects) we invite famllies lo reapply for a second bike once their child has outgrown their original,
providing them ongoing support up to and including the age of eighteen.
As cancer also causes massive disruption in families, where possible, we give bikes lo their siblings, and in
some cases thèir parents, anything that will help encourage the Child living with cancer to make the most out of
Iheir bike. and also so that they can take part in an activity as a family once again after what can be years of
hospitalisalion and upheaval.
We work closely with Ihe 21 paedialric oncology units in the UK to provide our service to the families and
children that need it. We have four staffllruslees who are Cancer Exercise Specialists, who can advise families
about the specific needs of their children and ensure that the most appropriate bike or Irike is provided.
Fundlng
The charity Is financed through the followlng fundralslng activitles:
Through donations, fundraising and grants. This includes.,
Through the kind support of the public and cyclists carrying out sponsored events or activities
around Britain and across the world.
By attracting donatlons from local clubs and organisatlons who undertake fundraising
activities.
By applying for grants from charitable foundation.
By working with Corporate organisations lo maximise to benefit from CSR initiatives.
Through revenues generated by the retail charity shops trading under the name of "The Charity
Bike Shop" These shops recondition and sell donated bikes from the public, donated clothing and
cycling accessories. Non charitable retail activilies (bike servicing and sales of parts and
accessories) is undertaken by a wholly owned subsidiary CFC Retail.
All monies donated make a huge difference to our total fundraising effort and ultimately to the number of children
affected by cancer we support.
Cyclists Fighting Cancer are members of the volunlary scheme for regulating fundraising. Cyclists Fighting
Cancer do not employ external agencies to carry out fundraising on its behalf. Our fundraising staff are aware of
the need to be sensitive and careful when engaging with vulnerable people and if people do not want to give or
wish to stop giving their decision is fully respected. There have been no fundraising complaints recorded in the
past year.
Page 3

CYCLISTS FIGHTING CANCER LTD
(A company Ilmlted by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
CURRENT STRATEGY AND FUTURE PLANS
Strategic Objectives for 202312024
The main objective was to engage with hospital oncology units and their patients so as to promote the benefits of
exercise. It also allows the charity to demonstrate what it can offer patients and generates applications for bikes.
So as to provide further benefit to their patients while attending hospital we aimed to purchase and install
exercise equipment in hospitals.
We continue to build our national ne￿Ork of cancer exercise specialists trained to national standards. Longer
term it is hoped to open the CFC brand to cover the Charities second object of helping and advising all people
living with and beyond cancer by promoting Cancer Fitness Clubs and Cancer Fitness Coaching,
On the fundlng slde the Charity does not stage its own events but continued to encourage the UK cycling
community to raise money whilst riding their own events and challenges.
We planned to Invest in the Charity Blke Shops during the year lo expand and improve our service and sales
capabillty.
Tactical Objectives for 202312024
Build the application for bikes through engaging with oncology units.
Install and malntain exercise equipment in at least one hospital
Invest in the retail shops with additional employed slaff. rebranded end reorganized sales counters and
identify further additional suitable locations for existing or future retail outlets.
Improve communications with CFC Supporters and encourage fundraising of other non-cycllng related
events.
Continue to develop corporate funding and sponsorship.
Evaluate the continued use of Web-based fundraising campaigns, to increase awareness of CFC and
encourage cy¢lSsts to ride and fundraise for CFC.
Secure funding grants to Increase our financial footprint to allow us to expand our servlce dellvery to
gr8at8r areas within th8 cancer survivor community.
PUBLIC BENEFIT
The trustees confirm they have regard to the Charity Commission's guidance on public benefit.
Page 4

CYCLISTS FIGHTING CANCER LTD
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
ACHIEVEMENTS AND PERFORMANCE
What was achieved in 2023124
640 bikes in total provided by CFC.
494 bikes to a child living with and beyond cancer
108 bikes to a sibling of a child living with cancer.
38 bikes to a parent of a Child living with cancer.
630 helmets were delivered with bikes.
87 pairs of stabilisers went on the bikes that needed them.
17 turbo trainers delivered with bikes to help children ¢y¢le safely indoors
31 different hospitals referred children to us for our service.
3 Hospitals had exercise equipment installed
The delivery of 640 bikes in the year was a significant increase on the 451 bikes delivered in the previou5
financial year. The cost of purchasing, adapting and delivering these bikes was £258,000. The level of bikes
delivered during the year was our s8cond highest ever achieved, and w& have now largely overcome the Impacts
of the Covid-19 pandemic which had reduced our ability to maintain relations with hospital oncology departments
so as to raise awareness of the opportunities the charity could provide patients and lo generate applications for
bikes, and asso caused major supply issues within the cycle industry.
History of bike applications.
2013114- 344
2014115 - 388
2015116 - 440
2016117 - 591
2017118- 557
2018119- 509
2019120 - 887
2020121
88 Covid 19 affected result
2021122 - 277 Covid 19 affected result
2022123 - 451
2023124 - 640
includes bikes, trikes and special adaptions
During the year we started our rollout of providing lunior exercise equipment to paediatric oncology units with
equipment installed in three hospitals, Sheffield Children's, Gloucester Royal and Great Ormond Street.
As well as providing bikes to children living with cancer the charity has continued to promote and raise
awareness of the benefits of physical activity and the relationship between physical and mental well-being and
physical activity in children surviving cancer. A report on the Charity's aims and impacts was published during
the year based on feedback from parenls and showed that of those receiving bikes-
93 % reported an increase in physical activity
85010 reported an increase in strength
85D/o reported an increase in mood
87 /0 reported an improvement in social interaction with siblings
Page 5

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
The charity recorded a consolidated deficit of expenditure over income of £114,656 for the year. The was due to
a combination of a 400/0 increase in bikes, trikes and special adaptions provided as well as a reduction in the
funding contribution from the retail operations.
Net income from Fundraising is summarized as follows
Donations. sponsorships and grants 249.855
Retail Operations
Total
257 326
Donations, sponsorships and grants remained the greatest source of funds durlng the year. CFC'S profile
continues to grow nationally, and the efforts expended in motivating others to do their own events for us are
paying divid8nds. The number of riders and supporters independently fundraising for CFC has continued to
Increase. They use a variety of events, feats and challenges lo raise monies for CFC - from coffee mornings,
head shaving and baking to riding major national and international cycling events. CFC also recelved
substantial contributions from grants during the year.
The Retail Operations saw investment in new Slratford-upon-Avon premises and improved signage and layout.
Additlonal staff were employed to expand the servicing of bikes and sales of accessories in addition to the sales
of donated bikes and clothing. While it is hoped the benefils of this invesiment will generate significant funds for
the charity in the coming years. this contributed to a reduction in retail operations profit during 23124. In addition.
the generous donation of Rapha branded clothing received in 2022123 which contributed to retail operations
profits in that year, was not repeated in 23124. However servicing and accessory sales increased during the
year, and the demand for low-cost refurbished bicycles continues and is seen by the general public as an
environmentslly friendly action.
Expenditure
Applicant bikes
Other Charitable activities
£221,376
£127.636
As noted earlier, the level of applications for bikes Increased by 40010, and the cosl of bikes and trikes provided to
children with cancer also saw cost increases.
Reserves
The charity had net assets of £244,461 as at 31 January 2024. This represents a reduction on the prior year of
£114,656. Unrestricted reserves amounted to £231,683 at 31 January 2024.
The trustees have agreed the following reserves policy;
Reserve of £120.000 to cover ongoing expenditure in the event of a short lerm drop in income.
A reserve of £80,000 as working capital to cover stock held for resale in the Retail operations.
As the unrestricted reserves only slightly exceed this the charity is focusing its efforts on ralsing funds during
2024125 to support ils ambitious plans to deliver even more bikes and trikes to children with cancer in 2024125.
Page 6

CYCLISTS FIGHTING CANCER LTD
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
PRINCIPAL RISKS AND UNCERTAINTIES
For several years, the cycle sportive market has been buoyant as was Ihe triathlon scene around a decade ago.
It is possible that this demand may take a downturn in the forthcoming years. A significant proportion of our
fundraising is based on cycle sportive and any decline in these will have a detrimental impact on current CFC
fundraising strategy. To mitigate this risk CFC has adopted a strategy of attracting fundraisers who may
undertake a wider spectrum of events and challenge5 outside of cycling. The current economlc environment
could also impact the future level of donatlons and funds raised.
CFC ¢ontinues to develop its revenue streams from retail operations. In addition to sales of donated blkes the
charity has invested In expanding its bike servicing and sales of accessorie5 and this should enable CFC to
mltigate a possible reduction In fundraising.
The charity has three retail locations with increasing revenues and further plans to increase the retail footprint.
CFC now carries a significant operating cost base relating to premises and employed staff, and Ihis will increase
as additional locations are added. Any significant downturn in cycle sales, or in the level of donated bikes could
impact the profits generated from retail operations. However the truslees believe a new location would allow
access to new sources of donated blkes, and this is likely lo more than offset any costs associated with new
premises. Also as the retail operations sell reconditioned bikes, the sale of these is likely to be more immune
from the effects of any economic downturn.
EMPLOYEES
Cyclists Fighting Cancer operates an equal opportunities recruitment policy.
The long-term success and performance of Cyclists Fighting Cancer is wholly dependent upon the talents,
motivation and achievements of its employees. It is critically important to develop employees and ensure they
operate at the highest possible level throughout the organisation. It can only do this by recruiting very capable,
motivated and talented people. Ihen building relevant skills and knowledge through structured on the job
mentoring and providing an environment where the work is stimulating and rewarding.
THE BOARD
The Board of Trustees is responslble for the stfateglc governance of the charity.
The Board of Trustees meet at specific Intervals through the year and are responsible for setting the overall
stralegy of the charity. At each meeting, the Board receives reports on all aspects of the Charity's work.
The trustees review the skills audit to identify Specific skill sets that would strengthen the Board's overall
effectiveness. The Board operates an equal opportunities recruitment policy and Irustees that are recruited are
required to have demonstrable experlence in the areas identified by the skills audit.
Page 7

CYCLISTS FIGHTING CANCER LTD
(A company limlted by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
STRUCTURE. GOVERNANCE AND STRUCTURE
Governing Document
The charity is controlled by its governing document, a deed of trust. and constitutes a limited company. limited by
guarantee, as dgfined by the Companies Act 2006.
Statement of Trustees. Responsibilities
The trustees are responsible for preparing the trustees, annual report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting
Practice).
Company and charlty law require the Truslees to prepare financial statemenls for each financial year, Under
company law the trustees must not approve the financial statements unless they are satisfied that they give a
true and falr view of the state of affairs of the group and parent charily and of the incoming resources and
application of resources, including its income and expenditure, of Ihe group for the year. In preparing those
financial statements the trustees are required to:
Select suitable accounting pollcies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgments and accounting estimates that are reasonable and prudent
Slate whether applicable accounting slandards have been followed, subject to any material
departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequale and proper accounting records that are sufficlent to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the
charity and enable them to ensure that the financial statemenls comply with the requirements of the Companies
Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information
Included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination
of the financial statements and other information included in annual reports may differ from legislation in other
jurisdictions.
Page 8

CYCLISTS FIGHTING CANCER LTD
{A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
Safeguarding
The Trustees have overall responsibility for ensuring that the charity has proper safeguarding procedures and
policies in place to ensure the safety and protection of Ihe children and vulnerable adults with whom it works.
They have due regard to the guidance issued by the Charity Commission and have all read the Department of
Education's guidance document 'Safeguarding for Trustees,.
Policies and procedures which have been implemented Include:
The appointment of a Trustee with overall responsibility for safeguarding and a safeguarding lead
Safe recruitment policies including full DBS (Disclosure and Barring Service) checks for all staff
working with young people
Safeguarding training for all Trustees and staff commensurate wlth their roles and responsibilities -
to be repeated for each individual every 2 years
Clear procedures and guidance for all Trustees and staff so that they are clear about how to report
any concerns
Robust risk and safeguarding assessment practices so that individual events are always managed
in Such a w8y to protect young people, staff and volunteers
Volunteers
The Trustees are ever mindful of the tremendous work of volunteers in raising funds and wish to take Ihis
opportunity to express thanks to them all. The Trustees would also like to thank the dedicate(fj band of volunteers
who assist in Ihe bike shops and the staff of Cyclists Fighting Cancer who frequently volunteer at fundraising
events in their area.
Chief Executive
The Board delegates the day to day running of the charity to the Chief Executive, who is responsible for the
delivery of the agreed strategy and for ensuring that thè charity's policies are adhered to at all times. The Chief
Executive is assisted in this task by the Senior Management Team who report to him.
Relat8d Parties
None of the Trustees of the charity receive any remuneration or other benefit from their work with the charity.
Expenses incurred in the course of perfoming Trustee dulles are reimbursed by the charity and are disclosed in
the financial statements.
Small companies note
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by
section 415A of the Companies Act 2006.
Approved by order of the members of the board of Trustees and signed on their behalf by-
K Musgrave
Trustee
Date:
IL- l0_2o2£fr.
Page 9

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
Independent Examinerfs Report to the Trustees of Cycllsts Fighting Cancer Lld ('the Group.)
I report to the charity Twstees on my examination of the consolidated accounts of the Group comprising the
Cyclists Fighting Cancer Ltd ('the parent Charity) and its subsidiary undertakings for the year ended 31 January
2024.
Responsibllitles and Basis of Report
As the Trustees of the parent Charity (and its directors for the purposes of company lawl you are responsible for
the preparation of the Consolidated accounts of the Group in accordance wilh the requirements of the
Companies Act 2006 ('Ihe 2006 Acl,) and you have chosen lo prepare consolidated accounts for the Group. You
are satisfied that the accounts of both parent Charity and the Group are not required by either company or
charity law to be audited and have chosen instead to have an independent examination.
Havlng satlsfled myself that the consolidated accounts 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 Group's accounts
carried out under section 152 of the Charities Act 20111'lhe 2011 Act,). In carrying out my examination I have
followed the Directions given by the Charity Commission under section 152(5)(b) of the 2011 Acl.
An independent examinalion does not involve gathering all the evSdence that would be required in an audit and
consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The
planning and conduct of an audit goes beyond the limited assurance that an independent examination can
provide. Consequently l expres5 no option as to whether the consolidated accounts present a 'true and fairf view
and my report is limited to those specific matters set out in the independent examiner's statement.
Independent Examlnerfs Statement
Since the Trustees have opted to p￿pare consolidated accounis for the Group your examiner musl be a
member of a body listed in section 145 of the 2011 Act. l confirm that l am qualified to undertake the examination
because l am a member of Institute of Chartered Accountants in England and Wales, which is one of Ihe listed
bodies.
I have completed my examination. I confirm that no matters have com8 to my attention In connectlon with the
examination giving me cause to believe-
accounting records were not kept in respect of the parent Charity and its subsidiaries as required by
section 386 of the 2006 Act. or
the accounts do not accord with those records. or
the accounts do nol comply with the accounting requirements of section 396 of the 2006 Act other than
any requir8ment that the accounts give a 'true and fair, view which is not a matter considered as part of
an independent examination., or
the accounts 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 lo enable a proper understanding of the accounts to be reached.
Page 10

CYCLISTS FIGHTING CANCER LTD
(A company limiled by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
This report is made solely to the Charity's Trustees, as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that l rnighl state to the Charity's
Trustees those matters l am required to state to them in an Independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
parent Charity and the Charity's Trustees as a body. for my work or for this report.
Slgned:
Helen Blundell LLB FCA FCIE DChA
Dated:
Crowe U.K. LLP
Chartered Accountants
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG
Page11

CYCLISTS FIGHTING CANCER LTD
(A company Ilmited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JANUARY 2024
Unrestrl¢ted
funds
2024
Restrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
other trading activities
Investments
276,242
368,996
225,425
830
40,450
316,692
368,996
225,425
830
230.008
451,732
182,348
93
Total income
871,493
40,450
911,943
864, 181
Expenditure on:
Raislng funds
Charitable activities
677,587
307,537
677,587
349,012
571. 176
245,113
41,475
Total expenditure
985.124
41,475
1,026,599
816,289
Net movement In funds
(113,631)
(1,025)
(114,656)
47,892
Reconcillation of funds:
Total funds brought forward
Net movement in funds
345,316
1113,631)
13,801
{1,025)
359,117
{114.656)
311,225
47,892
Total funds carried fonvard
231,685
12,776
244,461
359.117
Page 12

CYCLISTS FIGHTING CANCER LTD
(A company Ilmited by guarantee)
REGISTERED NUIIIBER.. 07194338
CONSOLIDATED BALANCE SHEET
AS AT 31 JANUARY 2024
2024
2023
Note
F5xed assets
Tangible assets
Current assets
12
95,300
50,120
Stocks
Debtors
Cash at bank and in hand
14
15
122,649
25,032
117,389
210,206
5,911
158,472
265,070
374.589
Creditors: amounts falling due within one
year
16
{82,328)
(61,550)
Net current assets
182,742
313,039
Total assets less current Ilabllltles
278,042
363,159
Creditors: amounts falling due after more
than one year
17
(33,581)
(4,042)
Total net assets
244,461
359.117
Page 13

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
REGISTERED NUMBER: 07194338
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
2024
2023
Note
Charlty funds
Restricted funds
Unrestricted funds
18
18
12,776
231,685
13,801
345.316
Total funds
244,461
359,117
The Charity was entitled to exemption from audit under section 477 of the Compani8s Act 2006.
The members have not required the company to obtain an audit for the year in question In accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements,
The financial statements have been prepared in accordance with Ihe provisions applicable to entities subject to
the small companles regime.
The flnanclal statements were approved and authorised for issue by the Trustees and signed on their behalf by:
K Musgrave
Date:
IL.lo-Lo£Lp
The notes on pages 18 to 37 form part of these financlal statements.
Page 14

CYCLISTS FIGHTING CANCER LTD
(A company Ilmited by guarantee)
REGISTERED NUMBER.. 07194338
CHARITY BALANCE SHEET
AS AT 31 JANUARY 2024
2024
2023
Note
Flxed assels
Tangible assets
Investments
Current assets
12
13
62.600
19,682
stocks
Debtors
Cash at bank and in hand
14
15
104,724
56,095
113,552
198,557
158,367
153,478
274,371
510.402
Creditors: amounts falling due within one
year
16
{48,982)
(167,034)
Net current assets
225,389
343,368
Total assets less current Ilabllltles
287,991
363,052
Creditors: amounts falling due after more
than one year
17
(33,581)
(4,042)
Tolal net assets
254,410
359,010
Page 15

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
REGISTERED NUMBER: 07194338
CHARITY BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
2024
2023
Note
Charity funds
Restricted funds
Unrestrlcted funds
18
18
13,801
345.209
254,410
Total funds
254,410
359,010
The Charity's net movement in funds for the year was £(104,600) (2023 - £47, 785).
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Acl 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Acl with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance wlth the provlslons applicable to entitles subject to
the small companie5 regime.
The financial slalements were approve(J and authorlsed for Issue by the Trustees and signed on their behalf by:
K Musgrave
Date:
IL-lo-10 21tr
The notes on pages 18 to 37 form part of these financial statements.
Page 16

CYCLISTS FIGHTING CANCER LTD
(A company Ilmited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2024
2024
2023
Note
Cash flows from operatlng acllvltles
Net cash used in operating activities
21
(4,288)
24,247
Cash flows from Investing actlvltles
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
Interesl received
2,273
(33,402)
830
594
(49.322)
93
Net cash used In investlng actlvltlas
(30.299)
(48,635)
Cash flows from flnanclng activities
Repayments of finance leases
(6,496)
(2,204)
Net cash used In flnanclng actlvitles
{6,496)
(2,204)
Change in cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
(41,083)
158,472
(26,592)
185,064
Cash and cash equlvalents at the end of the year
22
117,389
158,472
The notes on pages 18 to 37 form part of these financial slalements
Page 17

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Gengral informatlon
Cyclists Fighting Cancer Limited is a company limited by guarantee and a registered charity (Charity
no.1140017) {Company no. 07194338), incorporated and registered in England and Wales. The
registered office of the company is 154 Masons Road, Stratford-Upon-Avon. England, CV37 9NF. United
Kingdom which is also the prinGip81 place of business of the company.
The Charity Is a company limited by guarantee and has no share capital. The liability of each member in
the event of winding-up is limited to £1.
Accountlng pollcles
2.1 Basls of preparatlon of flnanclal statements
The financial slatements have been prepared in accordance with the Charities SORP IFRS 102>
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicabl& in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
Cyclists Fighting Cancer Ltd meets Ihe definition of a public benefit entity under FRS 102. Assets and
liabilities are initlally recognlsed at historical cost or transactlon value unless otherwise stated In the
relevant accounting policy.
The Consolidated statement of financlal actlvlties (SOFA) and Consolidated balance sheet
consolidate the financial statements of the Company and its subsidiary undertaking. The results of
the subsidiary are consolidated on a line by line basis.
The trading subsidiarls was incorporated on 24 November 2021 and the 2023 figures included in this
consolidalion were for a 15 months accounting period, however the company was dormant until 1
February 2022.
The Group has taken advantage of the exemption allowed under section 408 of the Companies Act
2006 and has not presented its own Statement of financial activities in these financial statements.
Page 18

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies (continued)
2.2 Income
All income is recognised onc8 the Group has entitlement to the income, it is probable that the income
will be recelved and the amount of income receivable can be measured reliably.
The recognition of Income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exisls when the Group has sufficient evidence that a gift has been left to them
(through knowledge of the existence of a valid will and the death of the benefactor) and the executor
is satisfied that the property in question will not be required to satisfy claims in the estale. Receipt of
legacy must be recognised when it is probable that it will be received and the fair value of the
amount receivable, which will generally be the expected cash amount to be distributed to the Group,
can be reliably measured.
Grants are included in the Consolidated statement of financial activities on a receivable basis. The
balance of income received for specific purposes but not expended during the period is shown in Ihe
relevant funds on the Balance sheet. Where income 15 received in advance of enlitlemenl of receipt,
its recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Donations and gifts are recognised when receivable. In the event a donation is subject to fulfilling
performance conditions before the Group is entitled to the funds. the income is deferred and not
recognised until it is probable that those condilions will be fulfilled in the reporting period. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation.
Donated goods (being bikes, cycle clothing and other cycle related products) are recognised as
Income on receipt at an estimate of their value to the Group. Fair value is assessed by the retail
manager at an estimate of the resale value less the cost to sell the goods. Donated goods that
remain unsold at the year end are included in Ihe year end stock figure in the balance sheet.
Income tax recoverable In relation to investrnent income is recognised at the tlme the Investment
income is receivable.
Trading income is recognised on point of sale for both donated and purchased goods.
Page 19

CYCLISTS FIGHTING CANCER LTD
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once Ihere is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct Costs attributable to a single activity are allo¢aled directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
All exp8nditur8 is inclusiv8 of irrecoverable VAT.
2.4 Tangible flxed assots and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation Is charged so as to allocate the cost of tanglble fixed assels less their residual value
over their estimaled useful lives.
Depreclatlon is provided on the following basis:
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
25Q/o straight line
250/0 slraighl line
25 % straight line
330/0 Straighl line
2.5 Investments
Fixed asset investments are a form of financial inslrument and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value
rAnnot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on
investments, in the Consolidated statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
Page 20

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accountlng policies (continued)
2.6 Stocks
Stock includes donated bikes, cycle clothing and other cycle related produds which have been
donated to the charity. They are valued at an estlmate of their fair value to the charity which is an
estimate of the resale value less the cost to sell goods after making due allowance for any obsolete
or slow moving items. Purchased stock is valued al the lower of cost and nel realisable value.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Llabilities and provlsions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Group anticipates il will pay to settle the debt or the
amount it has received as advanced payments for the goods or ServI￿S it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligatlon. Where
the effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in Ihe Consolidated statement of financial activities as a
finance cost.
2.10 Financial Instruments
The Group only has financial assets and financial liabilities of a kind Ihat qualify as basic financial
instruments. Basic financial instruments are initially recognised at Iransaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequenlly
measured at amortised cost using the effective interest method.
2.11 Finance leases and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets aGquired by hire purchase are depreGialed over their useful lives. Finance leases
are those where substantially all of Ihe benefits and risks of ownership are assumed by the Group.
Obligations under such agreements are included in creditors, net of the finanGe charge allocated to
future periods. The finance element of the rental payment is charged to the Consolidated statement
of financial activities so as to produce a constant periodic rate of charge on the net obligation
outstanding in each period.
Page 21

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accountlng policies (continued)
2.12 Penslons
The Group operates a defined contribution pension scheme and the pension charge represenls the
amounts payable by the Group to the fund in respect of the year.
2.13 Fund ac¢ountin9
General funds are unrestrlcted funds which are available for use at the dis¢retlon of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Restricted funds are funds which are to be used In accordance with specific restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Critical accounting e8tlmat88 and areas of Judgement
The Goup makes certain estimates and assumptions regarding the future. These judgements and
estimates affect the application of policies and reported amounts of assets, liabilities, income and
expenses. Estimates are continually evaluated based on historical experience and expectations of future
events that are believed to be reasonable under the circumstances. In the future. actual experience may
differ from these estimates and assumptions. In preparing these financial stalements, the directors have
had to make the judgemenls and estimates Sn relation to the depreciation of fixed assets and valuation of
stocks and valuation of donations in kind.
Critical accounting estimates and assumptions:
Also. after due regard for such, the direclors belleve that the stock value as referred to on the Group's
balance sheet is materially accurate.
Page 22

CYCLISTS FIGHTING CANCER LTD
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Income from donations and legacles
Unrestricted Restricted
funds
funds
2024
2024
Totsl
funds
2024
Total
funds
2023
Donations and legacies
Independent Fundraisers
Grants and trusts
26,582
173.082
76.578
40,450
67,032
173,082
76,578
74,347
114,950
40.711
Total 2024
276,242
40,450
316,692
230,008
Total 2023
184.758
45,250
230,008
Grants received for the year are as follows..
2024
2023
Club Peloton
47,778
2,500
1,500
2,000
1,000
10,000
2,500
2,000
4,000
6,111
The Charles Lewis Foundation
Edgar E Lawley Foundation
The Hospital Saturday Fund
Thales Charitable Trust
The Toy Trust
The Goodman Foundation
Misses CM Pearson & MV Williams Charitable Trust
Medicash Foundation
High Sheriff of Warwickshire
Oaks Solar
The Blakemore Foundation
St James's Place
Allen and Overy LLP
The Will Charitable Trust
The Rigby Foundation Charitable Trust
Souter Charitable Trust
The Mulchand Foundation
Ecclesiastical
1.000
1,000
100
2,500
5,000
10,000
1,000
3,000
10,000
1, 000
100
3,000
200
76,578
40,711
Page 23

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Income from charitable activitles
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Shop sales - donated stock
In¢reasel(decrease) in value of donated stock
Misc sales
451,504
(86,198)
3,690
451,504
186,198)
3,690
384,280
51,777
16.275
Total 2024
368,996
368,996
451,732
Total 2023
451,732
451, 732
Income from other trading actlvltles
Income from non charitable tradlng activltles
un￿strICted
funds
2024
Total
funds
2024
Total
funds
2023
Income from events
Trading income from subsldiary
948
224,477
948
224,477
45.810
136.538
Total 2024
225,425
225,425
182,348
Total 2023
182,348
182,348
Page 24

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Expenditure on ralslng funds
Costs of raising voluntary income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising and events - direct costs
Fundraising and events - support cosls
Retail operations support costs
Wages and salaries
Nl contributions
Pension contributions
5.980
18.161
184,234
37,338
1,144
917
5,980
18,161
184,234
37,338
56,018
31,775
125,187
93,439
6,727
2,809
917
Total 2024
247,774
247,774
315.955
Total 2023
315,955
315,955
Other trading expenses
Unrestricted
funds
2024
Totsl
funds
2024
Total
funds
2023
Tradlng expenses
Trading expenses - staff costs
149,550
280,263
149,550
280,263
143, 167
112,054
Total 2024
429,813
429,813
255,221
Total 2023
255.221
255,221
Page 25

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Analysls of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2024
2024
Total
2024
Total
2023
Bikes and related equipment
Other direct costs
Support costs
Wages and salarles
179,901
2,372
66,167
59,097
41.475
221,376
2,372
66,167
59,097
151.651
1,128
33.456
58,878
Total 2024
307,537
41,475
349,012
245,113
Total 2023
208,999
36,114
245.113
Independent examlner's remuneratlon
2024
2023
Fees payable to the Group's independent examiner for the independent
examination of the Group's annual accounts
Fees payable to Ihe Group's independent examiner in respect of:
Consolidated accounts preparation
Accounts preparation of subsidiary
All other services not included above
5,250
5,000
2,800
1,650
1,000
1,500
1.500
Page 26

CYCLISTS FIGHTING CANCER LTD
(A Gofflpany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
10. Staff costs
Group
2024
Group
2023
Charlty
2024
Charily
2023
Wages and salaries
Social security costs
Other pension costs
351.218
22,473
5,068
262,224
6,891
4, 792
93,344
2,860
2,052
152,317
6, 727
2,809
378,759
273.907
98,256
161,853
The average number of persons employed by the Charlty durlng the year was as follows:
Group
2024
No.
Group
2023
No.
Support slaff
Management
Trading subsidiary
15
19
16
No employee received remuneration amountlng to more than £60,000 in either year.
Remuneration to key management personnel within the year totalled £48,346 (2023 - £45,462).
During the year, the Charity contributed £6,203 (2023 - £4,792) to defined contribution pension schemes,
At the year end there were outstanding contributions of £447 (2023 - £354).
11. Trustees. remuneratlon and expenses
Durlng the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 January 2024, expenses totalling £128 were reimbursed or paid directly to 2
Trustees (2023 - £NIL to Trustee) for travel expenses.
Pag& 27

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
12. Tangible fixed assets
Group
Plant and
machinery
Motor
Fixtures
Computer
vehicles and fittings equipment
Total
Cost or valuatlon
At 1 February 2023
Additions
Disposals
3,760
4,818
67,730
50,093
(21,111)
1,405
14.103
9,251
379
(718)
82,146
69,393
(21,829)
At 31 January 2024
8,578
96,712
15,508
8,912
129,710
Depreciation
At l February 2023
Charge for the year
On disposals
1,682
1,442
22,420
17,796
{18,838}
1,405
1,266
6,519
1,436
(718)
32,026
21,940
(19,556)
At 31 January 2024
3,124
21,378
2,671
7,237
34,410
Net book value
At 31 January 2024
5,454
75,334
12,837
1,675
95,300
At 31 J8nu8ry 2023
2,078
45,310
2, 732
50, 120
Page 28

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
12. Tangible fixed assets (continued)
Charity
Plant and
machinery
Motor
Fixtures
Computer
vehicles and fittings equipment
Total
Cost or valuation
At 1 February 2023
Additions
Disposals
3,760
4,818
31,400
35,991
(21,111)
1,405
14,103
9,251
379
(718)
45,816
55,291
(21,829}
Al 31 January 2024
8,578
46,280
15,508
8,912
79,278
Depreciation
At 1 February 2023
Charge for the year
On dlsposals
1.682
1,442
16,528
5,956
{18,838)
1,405
1,266
6,519
1,436
(718)
26,134
10,100
(19,556)
At 31 January 2024
3,124
3,646
2,671
7,237
16,678
Net book value
At 31 January 2024
5,454
42,634
12,837
1,675
62,600
At 37 January 2Q23
2,078
14,872
2,732
19,682
The net book value of fixed assets included above which are held under hi￿ purchase contracts Is
£35,991 (2023 - £3,976).
Page 29

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
13. Fixed asset investments
Investments
in
subsidiary
companies
Charity
Cost or valuatlon
At 1 February 2023
At 31 January 2024
Net book value
At 31 January 2024
At 31 January 2023
Prlnclpal subsldlarles
The following was a subsidiary undertaking of the Charity..
Name
Company
number
Reglstered office or prlnclpal Prlnclpal actlvlty
place of business
CFC Retsil Limited
13763386
154 Masons Road
Sell and service bikes
and cycling equipment
Class of
shares
Holding
Included in
Consolidation
Ordinary
1000/0 Yes
Th9 financial results of the subsidiary for the year were:
Name
Income Expenditure
Profitl{Loss}
I Surplusl
(Deficit) for
the year
Net assets
CFC Retail Limited
473,241
{483,297)
{10,056)
{9,945)
Page 30

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
14. StoGks
Group
2024
Group
2023
Charlty
2024
Charity
2023
Donated bikes and cycling goods
122,649
210,206
104,724
198,557
15. Debtors
Group
2024
Group
2023
Charlty
2024
Ch8rlty
2023
Amounls owed by group undertakings
Olher debtors
31,140
24,955
158,348
19
2S,032
5,911
25,032
5.911
56,095
158,367
16. Credltors: Amounts falllng due wlthln one year
Group
2024
Group
2023
Charlty
2024
Charily
2023
Trade creditors
Other tsxation and social security
Obligations under finance lease and hire
purchase contracts
Other creditors
Accruals and deferred income
51,860
13,042
41,817
4,525
30,839
2,019
31,338
1,798
2,160
1,747
13,519
2,204
354
12,650
2,160
447
13,517
2,204
354
131.340
82,328
61,550
48,982
167,034
17. Crèditors: Amounts falling due after more than one year
Group
2024
Gmup
2023
Charity
2024
Charity
2023
Net obligations under finance lease and hire
purchase contracts
33.581
4.042
33,581
4,042
Page 31

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
18. Statem8nt of funds
Statem8nt of funds - current year
Balance at I
February
2023
Balance at
31 January
2024
Income Expenditure
Unrestrlcted funds
General Funds
345,316
871,493
(985,124)
231,685
Restricted funds
other restricted funds < £1,000
Baron Dav8nport - Brum
Spirax Sarco
AMMCO - Oxfordshire
WED- West Midlands
Peter Harrison Fund
The Aylesford Charitable Trust
The Spirit of Sheffield's Children's Trust
George A Moore Foundation
The 29th May 1961 Charitable Trust
Michael Marsh Charitable Trust
Hopkins I Sayer Trust
Duke of Devonshire Trust
The Casey Trust
GJW Turner Trust
The Earl Fitzwilliam Trust
Provincial Grand Charity of Derbyshife
The Rothley Tnjst
Haddenham Beer Festival
The Grace Trust
Misses 8arrie Trust
24
1,250
2,559
500
500
8,968
1,250
{1,250)
{1,250)
(3,000)
{500)
(500)
(8,968)
(1,000)
(4,624)
(2,000)
(5,000)
(3,000)
(1,000)
(1,000)
(1,441)
(2,000
24
3,000
2,$59
1,000
7,000
2,000
5,000
3,000
1,000
1,000
2,000
2,000
5,000
1,000
1,200
1,000
1,000
3,000
2,376
559
5,000
11,000)
1,200
58
1,000
(942)
(3,000)
13,801
40,450
(41,475)
12,776
Total of funds
359,117
911,943 (1.026.599)
244.461
Page 32

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
18. Statement of funds {continued)
statement of funds - prior year
Balance al
1 Febniary
2022
Balance al
31 January
2023
Income Expenditure
Unrestricted funds
General Funds
306.560
818.931
(780,175)
345,316
Restricted funds
Other restricted funds < £1,000
Baron Davenport- Brum
Spirax Sarco
AMMCO- Oxfordshire
WED- West Midlands
Peter Harrison Fund
The A￿eSf0rd Charltable Trust
The Spirit of Sheffield's Children's Trust
George A Moore Foundation
The 29th May 1961 Charitable Trust
Michael Marsh Charitable Trust
Hopkins I Sayer Trusl
Duke of Devonshire Trust
24
1,214
l.OOQ
2,427
24
(1,214)
(I,OQO)
(2,427)
(16,032)
(5,000)
(3,000)
(2,000)
(5,000)
25,000
5, 000
3,000
2,000
5,000
1,250
3,000
500
500
8,968
1,250
2,559
500
{441)
500
4.665
45.250
(36.114)
13,801
Totsl of funds
311,225
864,181
(816,289)
359,t17
Funds are amounts donated for the purchase of bikes in specific areas.
Pag@ 33

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
19. Summary of funds
Summary of funds- current year
Balance at 1
February
2023
Balance at
31 January
2024
Income Expenditure
General funds
Restricted funds
345,316
13,801
871,493
40,450
(985,124)
(41,475)
231,685
12,776
359,117
911,943 (1,026.599)
244,461
Summary of funds- prior year
Balance at
1 February
2022
Balance at
31 January
2023
Income Expenditure
General funds
Restricted funds
306,560
4.665
878.931
45,250
(780,175)
{36,114)
345.316
13,801
311,225
864,181
(816.289)
359,117
Page 34

CYCLISTS FIGHTING CANCER LTD
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
20. Analysis of net assets between funds
Analysis of net assets belwèèn funds - currant year
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Credilors due wilhin one year
Creditors due in more than one year
95,300
252,294
(82,328)
(33.5811
95,300
265,070
(82,328)
{33,5811
12,776
Total
231,685
12,776
244,461
Analysls of net assets between funds - prior year
Unrestricted
funds
2023
RestriGted
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than on8 year
50,120
360, 788
(61,550)
(4,042)
50,120
374,589
(61,550)
(4,042)
13.801
Total
345,316
13.801
359,117
Page 35

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
21. Reconciliatlon of net movement in funds to net cash flow from operatlng actlvltlos
Group
2024
Group
2023
Net incomelexpenditure for the year (as per Statement of Financial
Activities)
(114,656)
47.892
Adjustments for:
Depreciation charges
Interest received
Decreasellincrease) in stocks
Increase in debtors
Increase in creditors
21,940
16,360
(830)
(93)
87,557
(37,467)
{21,748} (125,267)
23,449
122.822
Net cash provided byl(used in) operating activities
(4,2881
24.247
22. Analysls of cash and cash equivalents
Group
2024
Group
2023
Cash in hand
Notice deposils (less than 3 months)
6,228
111.161
7,206
151,266
Total cash and cash equivalents
117.389
158,472
23. Analysis of changes in net debt
At1
February
2023 Cash flows
At31
January
2024
New flnance
leases
Cash at bank and in hand
Finance leases
158,472
(6,246)
(41,083)
6.496
117,389
(35,741)
{35,991)
152.226
(34,587)
(35,991)
81,648
Page 36

CYCLISTS FIGHTING CANCER LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
2& Related party transactlons
During the year Cyclists Fighling Cancer Limited had incurred expenses with Totem Comunications for
telephone costs of £1,605 and a loan of £20.000 was recieved and repaid.
Cyclists Fighting Cancer Limited recieved £3,000 from Shotum Developments for corporate donations,
Nothing was outstanding at Ihe year end.
During the year Cyclists Fighting Cancer Limited had various transactions with its wholly owned trading
subsidiary, CFC Retail Limited- The charity had transaclions worth £31.140 (2023 £158,348) with CFC
Retail Limited which were still outstanding as at the year end.
There are no other related party transaclions to disclose.
Page 37