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||||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|
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|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|
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|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||||||||||
##
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##
##
##
|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|