2022-03-31-accounts

Simply Cycling Charlty No. 1143362 Trustees, Report ahd Unaudited Accounts 31 March 2022

Tyler Lappage Tyler Lappage (Oct 19, 2022 17:18 GMT+1)

Simply Cyclin Trustees Annual Report The Trustees present their report with theunaudited financial staternents of the charity for the year ended 31 March 2022. REFERENCE AND ADMINISTRATIVE DETAILS charlty No. 1143362 Trustees The following Trustees served dtJrin8 the year- L Clarke A. Lewis A. S3undeis G. Wood Accountants Nabarro Puole Ltd 31 Church Road Northenden Manchester M224NN OBJEcfivES AND A￿1VITIEs The purpose of the charity as set out in its governing document is 10 promote cycling for the public benefit 3nd in particular for persons with disabilities and learnlnE difficultie5 primarily in the North West of England as a rr¢eans of furtherini the charitable purposes.. 11 The promotion of healthy recreat%on in the interest of social welfare; and 21 The advancement of educatlon bywhatever me3ns the trustee5 thinkfit, includlng the provision of cycling facilltles, seTvices.traininB and educatlon STRUCTURE, GOVERNANCE AND MANAGEMENT The m'ernbers of Simply Cycling Committee are trustees of the charty as specified in charity law. Under the requirement of the constirution, the management committee shall con51St of not less than 3 trustees who shall be appointed for a period of three yEars,

Statement Df tru5tee5' re5POn5ibilities in relation to the linanclal statements The charity trustees are responsible for preparing tt Irustee5' aftnual report bnd financial statements in accordarkce with applicable law 2nd United Kingdom AccL7Ulltin8 Standards (United Kingdom Generally Accepted Accountin8 Practice). The Tttsstees are responsible forkeeping proper accounting rècords that disclose with reasonable accuracy at any time the financial p05idon of the chanty and to enbble them to ensure that the rinancial statements comply with the Charities Act 2011, the applicable £harities lAC￿￿nts and Repo¥tsl Règulations, Bnd the provision5 of the Trust deed. The Trustees 3re a150 responsible for safeguarding the assets of the charity and hence tsking reasonable slep5 for the prevention and detection of fraud and other irregularities. Si8nRd on behalf of thE charity'5 trustees L. Clarke Trustee 26 September2022

Simply Cycling Statementof Financi?1 Activities for the year ended 31 March 2022 Unre5trirted funds Total funds Total funds 2022 202Z 2021 Notes Income and endowments from: Charitable activities Other trading activities Investments Other 112,067 51,888 112,067 51,888 98,101 23.301 1,387 50,953 Total 165,350 165,350 172,359 Expendlture on: Other 165,387 165,387 142.417 Total 165.387 165,387 142,417 Net galns on investments Net leKpenditurel/income Tr3nsfers betweèn funds 1371 1371 29.942 NEt leipendlturel/income before other galnsl{losses} 1371 (371 Other gains and losses Net movement In fund5 1371 1371 29.942 R￿OnCIlIation of fund5" Toral funds brought forwar 130,841 130,841 100,899 Totsl funds carried forward 130,804 130.804 130,841 Page 2

Simply Cycling Balance sheet at 31 March 2022 Charlty No. 1143362 2022 2021 xed assets T?ngible assets 40,469 63,L171 Current assets D@btor5 Cash at bank and In hand li 4,207 65,380 69,587 12,2171 67,370 130,841 90.935 90.935 Creditors- Amount falling due within one year Net current assets 12 90,335 Total assets less current Ilabilltie5 130,804 Net assets excluding pension assel or liabilitv 130,804 130,841 Total net assets 130,804 130,841 The funds of the charity Restrlcted funds Unrestritted funds General fund5 13 130,804 130,841 130,8Q4 130,841 Reserves 13 Total fijnds 130.804 130,841 Approved by the tr￿Stee5 on 31 August 2022 And signed on their behalf by.. L. Clarke Tru5.tee 31 August 2022 Page 3

Simply Cycling Notes to the Accounts fortheyeor ended 31 MaKh 2022 l Accounting pollcles Basis (rf preparation The financial statèments have been preparèd in 3ccordènce with Statement of Recommended Practice.. Atcounting and Reporting by Charities preparing their accounts in accordance with Ihe Flnancial Reporting 5tand3rd applicable in the UK and Republic Éf Ireland IFRS 10211ssued on 16 july 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFR5 1021 and the Charities Act 2011. Change In ba515 of arcountinx ort¢J previous account5 There has been no change to the accounting policie5 Ivaluatlon rule5 and method Df èccounting} slnce last year 3nd no changes have been rn?de tc> attounts for previous vears. Fund atcounting Unrestrirted funds These are available for use at the discrètlon of the trustees irn furtherance of the general objects of the charity, These are unrestrlcred funds earmarked by the tr￿SteeS for particular purp05e5. These are unrestrlcte¢J funds which include a rev31u3tTon reserve representing the restatement of investment assets at their m3rket values. These arp available far use subject to restrictions imposed by the donor ur through trerrns of an appeal. Designated funds Revaluation funds Restricted tunds Income Recognition of income Income ig included in the StatemÈnt of Financial Activltles ISOFAI when the ch?rity becomes entitled to, and virtually cert3in to receive, the income and the.amDunt of the income can be measured with sufflclent Iellability. Income with related Where income ha5 related expet)diture the income and related expenditure Is expenditure reported gross in the SOFA. Donations and Valuntary income received by way of grants, donations and gifts'is included in the the SOFA when retEIV3ble and only when the Charity has ullconditional entitlement to the income. Tax reclaims on Income from tax reclaim5 15 Included in the SOFA at the same time 2Sthè don3tions and glfts gl*tldon&tion to which it relates. Donated services These are only &nclud?d in income (with an equivalent arnounr in expenditufel and facilities wher.e thE benefit to the Charity is reasonably quantifiable, measltrable and material. le6acies Volunteer hèlp The value of any volunteer help received is not Included in the ac£ount5. Investment income This is included In the accounts when receivablE. Gain5111055esl on This indudes.any gain or loss re5ultin8from revaluing investmenrs to market value r8valu3tion of fixed at the end OF the year. a5Set5 Gainslllossesl on Investment assets This indude5 any gain or Ioss on the sale o.f invesrments. Page 4

Simply Cycling Notes to the Accounts Expenditure Reio8nition of expenditure Expendliure is re¢oEni5ed on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as of the expenditure to which it relate5. Expeni5itute on These comprise the Cost5 associated wlth attracting voluntary income, fvndraisins raising funds tradtng cost5 and investment management Costs. Expenditure on Th￿e comprise the costs incurred by the ChArity in tFfe delivery Df it5 activities and charitable activitie5 serdlces in the fijrtherance of it5 objects, includin8 the making of grants and governance cost5, All grant experlditiire is 8ccountEd for on an actual paid basis plus an accrual for grant5 that have been approved by the twstees at the end of the year but not yet paid. These include those Costs associ3ted wth meetiTrEthe con5titutlGnal and statutOTy requirements of the Charity, includinB 3Try audit/independent examinatlon fee5. .costs linked to the strateBiC management of the Ch2rity., together with a share of other adrTiinistration costs. These afe suppon costs not 311otated to a particular activity. Grants payable Governance cosis Other expenditure Taxatlon The d)3rlty is exempt from tax on its ch3ritsble Activities. Tangible fimed assets and depreclation Depreciarion 15 prtsvlded at the following annual rates in order to WTlte off each asset over its estimated useful life.. Equipment Motor vehicles 2WD Straight line 20% Straight linè Freehold investment property Investment properties are measured init1311y at cost and subsequently ar fair valJe at each bal3nEe sheet date and are not depreciated. Ail gains or10s5es are taken to the Statement of Ftnancial Activities as ihey a￿se. 5tock5 Stock is included at the lower of cost or net realSsable value Don3ted items of stock are recounised st fair value whlch is the amount the charlty would have been willing to payfor the iteffl5 ori the Open market. Trade and other debtor5 Trade and other debtors are recognised at the settlement amount due after any trade discount offered. PTepayments are valued at the amount prepaid ner of any trade di5courits due. Cash and cash e4uivalents Cash and c.85h equtvalent5 comprise cash at bank and on hand. demand dep051ts with banks and other short-term hlghly liquld Investments with origlnal maturlties of three month5 or less and bank overdrafts. In the statement ot flnanclaS position, bank overdrafts are shown within borrtswin8s or current liabilitie5, In the Statement of Cash Flows, cash and cash eouivalents are. shown net of bank overdrafts that are rep3y3ble on demand and form an integral part of the cornpany's ca51i management. Page 5

Slmply Cycllng Notes to the Accounts Trade and other cred5tOT5 Short term creditors 3Fe measured 3t th£ transaction pri￿. Other creditor5 and provisions are reEDgni5ed where the charity ha5 a present obligatlon resulting from a past event that will probably result the transfer of funds to a third party and the amount due to settle the obligatlon Can be measured or estimated reliably. Credltcjrs ar>d provi5ion5 are normally retD8ni5ed at their settlement amount.?fter allowlng for any trade di5covnt5.due. Research and development Expendlture on research and development is written off in the year in which it is incurred. Forelgn ¢utTencies Monetary ?ssets 3nd liabilitles denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting petiod. Transactions in currencies other than the functional ctsrrency of the oharltyare ￿COr¢jed at th'e rate of exchanse or> the date that the transacuon occurred. All exchange differences are are taken Into.actounf in arrtving at nEt inteme/expenditure. Leased assets Where the charity enters a lease"which ent.ails taking substantially all the ri5k5 and rewards of ownership of an asset, the lease is treated as a flnance lease. Leases whlch do not transfer 5Ltbstantially èll the risks and rewards of ownershlp tD ch3rr(y a￿ cla55ified as operating leases. Assets held undef finance leases are initially recognised as assets of the charity at-Iheirlai¥ vèlue at the inception Df the lease or, if lower, at the present value ofthe minlmum IE35E payments. Thè corresponding liability to the lessor Is included In the balance sheet date as a finance lease obligation. Lease payments are apponitsned between flnance expenses and reduction of the lease obllgatloh so as to achieve 3 constant rate of interest on the rem2inin8 balance Df the liability. Finance expènse5 are recognised ImmeESiately, unless they are dirertly attributab5e to qualifving 2S5ets, in which case they are capitalised in accordance with the tharity'5 policy on borwowing costs. Assets held under finance leases are deproc12ted in the same way as owned assets. Operating lease payments ari rEcognised as in expense on a 5traight-line basls over the lease term. In the eveftt that lease incentive5 sre receive'd to enter into operèting leases, such incentives are Tecognised a5 a Si3bility. The aggregate benefit of incèntive5 is recogni5ed as a reduction of rental expense on 3 Straight-llne basls. Pension E05tS The charity operates 3 defined contribution plan for its employees. A deh.ned contribLrtioh plBn is a pension plan under whith the charity pays fixed contribution5 Into a separate entity. Once the contributlohs have been paid the chartty has no Further payments obligations. The contribuiions are tecognised as expenses when thEy rall dtje. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the chaTlt¥ in independently admlnlstéred funds. Receipt of donated goods, facllitles and servlce5 All donated Boods, facilities and services recelved are recognlsed wlthin incoming resources and expendiiijre at an estlmate of the value to the ch3ritv. Page 6

Simply Cyclin8 Note5 to the Accounts 2 Statement of Financlal Actlvltles- prior year Unre5trlcted funcls Total funds 2021 2021 Income and endowments from: Charitable activities Other trading activities Investments Other 9.8.102 23,301 08,102 23,301 50,953 50,953 Total 172,359 17.2.359 Expendlture on: Other 142,417 142,417 Total 142.417 142,4L7 Net income 29,942 Net ineome before other galns1(Iossesl Other gain5 and105se5: Net movement in funds 29,942 29,942 29.942 Reconciliation of funds: Total funds brought forward 100,899 100,899 130,841 Total funds carrled forward 130,84J 3 Income from charltable actlvities Unre5trlc¢ed Total Totsl 2022 Z021 Grants and dor53tions 112,067 112,067 112,067 112,067 98.102 98.102 4 Income from other tradlng attlvltles Unrestrlcted Total Total 2022 2Q21 Membership subscriptions 51,888 51,888 51,888 51.888 23,301 5 Income from investments u￿r￿strICted Total Total 2022. 2021 Bank Interest Page 7

Simply Cyding Notes to the Account5 6 Other income Un￿strIcted Total 2022 Total 2021 Corot)avÈrus Job Retention Scheme ,387 50,953 1,387 1,387 7 Other expendlture Unrestrlcted TDtal Totsl 2022 2021 Other Interest payable Employe@ costs PAotor and travel cost5 Premise5 Costs 47 47 108.241 108,241 96,181 3,840 4,841 14,672 14,572 2,630 Amorti53tion, depreciation, ifnpairmenti profivloss on dlsposal of fixed assets General administrative costs 25.290 25,290 28,214 10,318 1,978 165,387 10.318 Legal and professional costs 1,978 165,387 1,973 IAL2,417 8 Net {expenditure)lincome beforo transfers 2022 2021 Thls Is stated after charging= Deprec5ation of owned fixed 35sets g staff t05ts 25,290 28.214 2022 97.134 4.523 2,096 103,753 Z021 Salarie5 and wages Social security cosis Pension costs 89,546 3,337 1.593 94,476 No employee received emolurnents In excess of £60,0￿. Pagp 8

Simply Cyrlifi8 Notes to the Accounts 10 TanEibleflxed assets Equipment Motor vehicles Total Cost ur reyaluation At l April 2021 Additions At 31 March 2022 Depreciation and impairment At L April 2021 Depreciation charge for the vear At 31 fviarch 2022 167,281 2,288 169,569 58,953 226,234 2,288 228,522 58P53 129,873 32,890 L62,763 18,102 7,188 25,290 147,975 40,078 188,053 Net bookvalue5 At 31 March 2022 At 31 March 2021 11 Debtors 21,594 37,408 18.875 26,063 40.469 2022 20￿1 Other dèbtors 4,207 4,207 12 Creditor5.' amounts falling due within one year Z022 2021 Other taxes and social sècurity Accruals 1,617 600 61 600 2,217 13 Movement In funds Incoming resources lincludlng Dther At l Aprll galnsllosses Z021 At31 March 2022 ResouTce5 expended Restricted funds.. Unre5trltted funds: General funds 130,841 165.350 1165.3871 130,804 Total fund5 130,841 165,350 1165,3871 130,304 Page 9

Simply Cycling Note5 to the Account5 14 Analy5t5 of net assets between funds Unrestrlcted funds Total FiKetl assets Net current assets 40,469 90.335 130,804 40,469 90,335 130,804 15 Reconciliation of net debt At31 March 2021 At l Aprll 2021 Cash flows Cash and cash equivalents 55,380 25,555 25555 90,935 90,935 Net debt 65,380 25555 90.935 16 Commltments Operating leose commitments Annual commltFnents under non-cance112ble operatlng leases are as fullows: 2022 Land and build5ngs 2022 2021 Land and buildings 2021 Other Other Operating leases with explry date.. Pensltm commltments 2022 2021 The penslon cost charge to therharity amounted to,. 2,096 Page 10

Simply Cycllng Statement ol Cash flows for the year ended 31 March 2022 2022 2021 Cash flows from operatin8 acti¥itie5 Net lexpenditurel/income per Statement of Flnanclal Activitie5 1.371 29,942 Adjustments for: Oepreciation Df property, pla￿￿ and equipment Dividends, inter.est.ènd rents from inve5tment5 Decreaselllnerea5el in trade and other receivables D"ecrease in trade and other payables 25,290 11.3951 4,207 11,6171 28,21 150,9561 14.2071 Net cash provided by operating activitles 26,448 2,992 Cash flow5 from investing activitles Payments for property, plant and equipment Dividends, interest and rents from investtnents 12.2881 28,6501 50,956 Net Cash lused Inl/from investing activities 18931 22,>06 Net cash from financing activities Net Increase in cash and cash equlvalents 25,555 25,298 Cash and cash equivalents at the beginning of the year 65,380 40,082 Cash and cash equivalents at the end of the year 90,935 Components of Cash and tash equivalents Cash an¢J bank balances 90,93) 65,380 90,935 Page 11

51mply Cycling Detailed statement of Financial Activities for Ihe year ended 31 March 2022 Unrestricted funds 2022 Total funds 2022 Total funds 2021 Incowe and endowments from; Charitable activltles Grants and donation5 112,067 172,067 112.067 112,057 98,102 98,102 Other irading activltles Member5hlp stsbstriptions 51,888 51,888 51,888 51,388 23,301 23,301 Investments Bank interest Other Coronavirus Job Retention Scheme 1,387 1,387 50,953 1,387 1,387 50,953 Total income and endowmeTrt5 165,350 165,350 172.359 Expenditure on". Other expenditure Uther Interest payable 47 47 47 47 Employee costs SalariE5lwages Employer's NIC Penslon costs Staff entertainmerbt Temporary St3ff 97,134 4,523 2,096 2,798 1,690 108,241 97,134 4,523 2,096 2.798 1,690 108,241 89,546 3,337 1.593 L705 96,181 Motor and travel costs Trdvel and subslsten 4,841 4,841 4,841 4,841 3,840 3,840 Premises costs Rent 14,672 14,672 14,672 14,672 2,630 2,630 General administrative costs, including depredation and amortisation Depreciation of Equipment l)epreciation of Motor vehicles Equipment leasing and hire ch3rges General insurances 18,102 7.188 18,102 7,.188 .21,026 7,188 2,902 2,902 2,055 3,303 3,303 3,856 Pase 12

simply Cycling Oetailed Statement of Financial ActNlties Sundry expEnses Telephone, fax and broadbènd 3,100 1.013 35,608 3,IDO 2,291 1.377 37,793 Legal and professlonal costs "AccoLfPtancy and bookkeeptng 1,978 1,978 1,978 1,978 1,973 1,973 Total of expenditure of other costs Tot31 expenditure Net gains on investment5 165,387 165,387 142,417 165,387 165.387 142.417 Net lexpendlturel/income 1371 13n 29,942 Net lexpenditurel/income before other Bains/(losse5} Qther Gèins 137) (371 29,942 Net movementin fundg 1371 1371 29,942 Reconciliation of funds= Total fund5 brought forward 13Q,841 100,899 Total fund5 carried foNiard 130,804 130,804 130.841 Page 13

221017 SIMPCY 2022 Accounts - TL

Final Audit Report

2022-10-19

Created: 2022-10-17 By: Tyler Lappage ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAAI5NAkHyYxktftwUnvUIcCXlh7izf6kAC

"221017 SIMPCY 2022 Accounts - TL" History

Document created by Tyler Lappage ([e-mail])

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Document emailed to [e-mail] for signature

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Signer [e-mail] entered name at signing as Liz Clarke

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