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 (tyler@nabarropoole.com) Status: Signed Transaction ID: CBJCHBCAABAAI5NAkHyYxktftwUnvUIcCXlh7izf6kAC 

## "221017 SIMPCY 2022 Accounts - TL" History 

Document created by Tyler Lappage (tyler@nabarropoole.com) 

2022-10-17 - 11:23:43 GMT- IP address: 109.73.121.1 

Document emailed to lizclarke37@gmail.com for signature 

2022-10-17 - 11:24:24 GMT 

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## Signer lizclarke37@gmail.com entered name at signing as Liz Clarke 

2022-10-19 - 15:05:26 GMT- IP address: 104.28.40.83 

## Document e-signed by Liz Clarke (lizclarke37@gmail.com) 

Signature Date: 2022-10-19 - 15:05:27 GMT - Time Source: server- IP address: 104.28.40.83 

Document emailed to Tyler Lappage (tyler@nabarropoole.com) for signature 2022-10-19 - 15:05:29 GMT 

Email viewed by Tyler Lappage (tyler@nabarropoole.com) 2022-10-19 - 16:18:27 GMT- IP address: 109.73.121.1 

Document e-signed by Tyler Lappage (tyler@nabarropoole.com) 

Signature Date: 2022-10-19 - 16:18:35 GMT - Time Source: server- IP address: 109.73.121.1 

Agreement completed. 

2022-10-19 - 16:18:35 GMT