2023-03-31-accounts

			Pages
Trustees' Annual Report
Independent I xaminer's	Report
Statement of Financial Activities
Balance Sheet
Statement of Cash flows			14
Notes to the Accounts			7to 13
Detailed Statement of Financial		Actiwties	15to 16

forthe year	ended 31Iylarch 2	023
			IJnrestricted
			funds	Total funds	Total funds
			2023	2023	2022
		Notes	E	E	E
Income and	endowments
from:
Charitable	activities		167,833	167,833	163,955
Investments			471	471	8
other					1.,387
Total			168,304	168,304	165,350
Expenditure	on:
Other			182,693	182,693	165,387
Total			182,693	182,693	165,387
Net gains on	investments
Net expenditure			(14,389)	(14,389)	(37)
Transfers between funds
Net expenditure before other gains/[losses)			(14,389)	(14,389)	{37)
other gains	and losses
Net rnovernent in funds			(14,389)	(14;389)	(37)
Reconciliation offunds:
Total funds brought forward			130,804	130,804	130,841
Total funds carried forward			116,415	116415	130,804

Simply Cycling 8alance Sheet at 31March 2023	Simply Cycling 8alance Sheet at 31March 2023
Charity No. 1143362				2023	2022
				6
Fixed assets
Tangible assets			9	19,368	40,469
				19,368	40,469
Current assets
Cash at bank and		in hand		99,869	90,935
				99,869	90,935
Creditors: Amount	falling due within one year		10	(2,822)	E600)
Net current assets				97,047	90,335
Total assets less current liabilities				116,415	130.804
Net assets excluding		pension asset or liability		116,415	130,804
Total net assets				116,415	130,8D4
The funds ofthe charity
Restricted funds
Unrestricted funds
General funds				116,415	130,804
				116,415	130,804
Reserves
Total funds				116,415	130,804

Change in	basis ofaccounting orto previous accounts	basis ofaccounting orto previous accounts
There has	been no	change to the accounting policies (valuation rules and method ofaccounting)						since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds		These are available for use at the discretion oFthe trustees			in furtherance			of	the
		general objects ofthe charity.
Designated	funds	These are unrestricted funds earmarked by the trustees	For particular			purposes.
Revaluation	funds	These are unrestricted funds which include a revaluation		reserve representing					the
		restatement of investment asseFs attheir marfcet vaiues.
Restricted	funds	These are available for use subject to restrictions imposed			by the donor		or	through
		terms of an appeal.
Income
Retognition	of	Income is included in the Statement of Financial Activities			(SoFA) when	the		charity
income		becomes entitled to, and virtually certain to receive, the	income and the amount							of
		the income can be measured with sufficient reliability.
income with related		Where income has related expenditure the income and	related expencfiture						is
expenditui	e	~eported gross in the SoFA.
Donations	and	Voluntary income received by way ofgrants, donations and gifts is included						in the
legacies		the SoFA when receivable and only when the Chariity has		unconditional			entitlement
		to the income.
Tax reclaims on		income from tax rerlaims is Included in the SoFA at the same time as the
donations	and gifts	gift/donation to which it relates.
Donated services		These are only included in income (with an equivalent amount in expenditure)
and facilities		where the benefit tothe Charity is reasonably quantifiable,			measurable		and
		material.
Volunteer	help	The value ofany volunteer help received ls not included	in		the accounts.
Investment	Income	This is included in the accounts when receivable.
Gains/(losses) on		This includes any gain or loss resulting from revaluing investments to market							value
revaluation	of fixed	at the end ofthe year
assets
Gains/(losses) on		This includes any gain or loss on the sale of investments.
investment	assets

2	Statement		o	f F	inancial	Activities - prior year
								Unrestricted
								funds	Total funds
								2022	2022
Income and endowments						from:
	Charitable	activities						112,067	112,067
	Other trading			activities				51,888	51,888
	Investments								8
	Other							1,387	1387
Total								165,350	165,350
Expenditure on:
	Other							165,387	165,387
Total								165,387	165387
Net	BncOrne							(37)	(37)
Net	income before				other
gains/(losses)								(37)	(37)
Other gains and			losses:
Net	movement		fn funds					(37)	(37)
lteconciliation		offunds;
Tata!funds brought					fonvard			130,841	130,841
Total funds camled					forward			180,804	180,804
3	income from			charitable		activities
							Unrestricted	Total	Total
								2023	2022
								f	f
	Grants and	donations					167,833	167,833	163,955
							167,833	167,833	163,955
4	Income from			investments
							Unrestricted	Total	Total
									2022
	Bank interest						471	471
							471	471	8

						Total	Total
						2023	2022
	Coronavirus	Job Retention
	Scheme						1,387
							1,387
6	Other expenditure
					Unrestricted	Total	Total
						2023	2022
	Adveisising				6,089
	Otherinterest	payable
	Employee casts				113,761	113,761	108,241
	lylotor and travel costs				12,878	12.878	4,841
	Premises casts				12,660	12,660	14,672
	Amortlsatian,	depreciation,
	impairment,	profit/lass	on		26,337	26,337	25,290
	disposal affixed assets
	General administrative		casts		8,887	8,887	10,3.18
	Legal ancf professional		costs		2,081	2,081	1,978
					182,693	182,693	165,387
7	Net expenditure before transfers
					2023		2022
	This is stated	after charging:			6
	Depreciation	of ow~ed	fixed assets		26,337		25,290
8	Staff costs
					2023		2022
	Salaries and wages				105,825		97,134
	Social security	costs			5,110		4,523
	Pension costs				2,426		2,096
					113,361		103,753
	hio employee	rereived	emoluments	in excess off60,000.

9	Tangible fix	ed assets
					Motor
				Equipment	vehicles	Total
					f	f
	Cost or revaluation
	At 1April 2022			169,569	58,953	228,522
	Additions			5,236		5,236
	At 31IVlarch	2023		174,805	58,953	233,758
	Depreciation	and
	Impairment
	At 1April 2022			147,975	40,078	188,053
	Depreciation year	charge for the		19,149	7,188	26,337
	At 31March	2023		167,124	47,266	214,390
	Net book values
	At31March	2023		7,681	11,687	19,368
	At 31Iylarch	2022		21,594	18,875	40,469
10	Creditors:
	amounts failing due withi~ one year
				2023		2022
						E
	Other taxes	and social security		2,222
	Accruals			600		600
				2,822		600
11	IVlovement	in funds
				Incoming
				resources
						At 31
				(including	Resources
			At 1April	other gains/losses	expended	IVI arch 2023
			2022	)
				f
	Restricted funds:
	Unrestricted	funds:
	General funds		130804	168304	(182693)	116415
	Total funds		130,804	168.304	(182,693)	116,415
12	Analysis ofnet assets between funds
				Unrestricted	Restricted
						Total
				funds	funds
				f		f
	Fixed assets			19,368		19,368
	Net current	assets		96,507		97,047
				115,875	540	1.16,415

									At 31
							At 1April		March
							2D22	Cash flows	2023
							f	F	f
Cash and		«ash equivalents					90,935	8,934	99,869
							90,935	8,934	99g69
Net debt							9D,935	8,934	99,869
Commitments
Operatinp			lease commitments
Annual	commitments			under non-cancellable	aperating	leases are as follows:
						2023	2023	2022	2022
					Land	and		Land and
					buildings		Other	buildings	Other
								E
Operating		leases with		expiry date:
Pension	commitments
							2023		2022
							f		f
The pensian			cast charge to the charity
amounted		to:					2,426		2,096

			2023	2022
			6	6
Cash Rows from operating	activities
Net expenditure per Statement of Pinanclal		Activities	(14,389)	(37)
Adjustments for:
Depreciation of property, plant and equipment			26,337	25,290
Dividends, interest and	rents from investments		(471)	(1,395)
Decrease in trade and	other receivables			4,207
Increase/(Decrease) in	trade and other payables		2,222	(1,617)
Net cash provided by operating activities			13,699	26,448
Cash flows from investing	activities
Payments for property,	plant and equipment		(5,236)	(2,288)
Dividend», Interest and	rents from investments		471	1,395
Net cash used In Investing	activities		(4,765)	(893)
Net cash from Rnandng activities
Net increase In cash and cash equivalents				25,555
Cash and cash equivalents	at the beginning	ofthe year	90,935	65,380
Cash and cash equivalents	at the end ofthe year		99,869	90,935
Components ofcash and cash equivalents
Cash and bank balances			99,869	90,935
			99,869	90,933

			Unrestricted
			funds	Total funds	Total funds
			2023	2D23	2022
				f	f
Income and endowments		from:
Charitable activities
Grants and donations			167,833	167,833	163,9SS
			167,833	167.833	163,955
investments
Bank interest
				471
Other
Coronavirus )ob Retention
Scheme					1,387
					1,387
Total income and endowments			168,304	168,304	16S,350
Expenditure on:
Other expenditure
Advertising				6,089
Other interest payable
			6,089	6,089	47
Empluyee costs
Salaries/wages			105,825	105,82S	97,134
Employer's NlC			5.110	5,110	4,523
Pension costs			2,42.6	2,426	2,D96
Staff entertainment					2,798
Staff welfare				400
Temporary staff					I.,690
			113,76I.	113,761	108,241
Motor and travel costs
Vehicles —General costs			5,784	S,284
Travel and subsistence			7,594	7,594	4,841
			12,878	12,878	4,841
Premises costs
Rent			12,660	12,660	14,672
			12,660	12,660	14,672
General administrative		costs,
including depreciation	and
amoriisation
Depreciation of Equipment			19,149	19,149	18,102
Depreciation ofMotor		vehicles	7,188	7,188	7,188
Bank charges			260	260
Equipment leasing and		hire
charges					2,902

Simply Cycling Detailed Statement af Rnancia) Activities	Simply Cycling Detailed Statement af Rnancia) Activities
Equipment repairs and
maintenance		2,274	2,274
General insurances		1)81	1,381	3.303
information and publications		618	618
Postage and couriers		605	605
3r Subscriptions		1,991	1,991
Sundry expenses		750	750	3,100
+Telephone, fax and broadband		1,008	1,008	1,013
		35,224	35,224	35,608
iLega) and professional	costs
Accountancy and bookkeeping			2,081	1,978
		2,081	2,081	1,978
Total of expenditure of	other costs	182,693	182,693	165,387
Total expenditure		182,693	182,693	165,387
Net gains on investinents
Net expenditure		(14,389)	(14,389)	(37)
Net expenditure before	other
gains/((asses)		(14,389)	(14,389)	(37)
Other Gains
Net mavement in funds		(14,389)	(14,389)	(37)
Reconciliation offunds;
Total funds brought forward		130,804	130,804	130,841
Total funds carried forward		116,415	116,41S	130,804