Simply Cycling
Charity No. 1143362
Trustees' Report and Unaudited Accounts
31 March 2025
Simply Cycling Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 |
| Independent Examiner's Report | 4 |
| Statement of Financial Actvites | 5 |
| Balance Sheet | 6 |
| Statement of Cash fows | 7 |
| Notes to the Accounts | 14 |
| Detailed Statement of Financial Actvites | 15 to 16 |
Page 1
Simply Cycling
Trustees Annual Report
ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1143362
Trustees
The following Trustees served during the year:
L. Clarke
-
A. Lewis
-
G. Wood
G. Painter
-
A. Blakemore
-
D. Bradford
-
J. Whitelegg
Accountants
Nabarro Poole Ltd
31 Church Road
Northenden
Manchester
M22 4NN
OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document is to promote cycling for the public benefit and in particular for persons with disabilities and learning difficulties primarily in the North West of England as a means of furthering the charitable purposes:
-
1) The promotion of healthy recreation in the interest of social welfare; and
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2) The advancement of education by whatever means the trustees think fit, including the provision of cycling facilities, services, training and education
Page
Achievement and performance
The members of Simply Cycling Committee are trustees of the charity as specified in charity law. Under the requirement of the constitution, the management committee shall consist of not less than 3 trustees who shall be appointed for a period of three years.
Statement of trustees' responsibilities in relation to the financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed.
The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
Liz Clarke (Sep 12, 2025 12:34:20 GMT+1)
Trustee
22nd July 2025
Page
Simply Cycling Independent Examiners Report
Independent Examiner's Report to the trustees of Simply Cycling
I report to the trustees on my examination of the financial statements of Simply Cycling for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Tyler Lappage
Tyler Lappage (Sep 12, 2025 14:17:33 GMT+1)
T Lappage FCCA Nabarro Poole Ltd 31 Church Road Northenden Manchester
M22 4NN 31 July 2025
Page 2
Simply Cycling Statement of Financial Activities for the year ended 31 March 2025
| Notes Income and endowments from: Donatons and legacies Charitable actvites Other trading actvites Investments 3 4 5 6 Total Expenditure on: Raising funds Other 7 8 Total Net gains on investments Net (expenditure)/income 9 Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliaton of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Total funds | Total funds | Total funds 2024 £ 1,120 31,794 140,553 649 174,116 - 161,741 161,741 - 12,375 - 12,375 12,375 116,415 128,790 |
|
|---|---|---|---|---|---|
| 2025 | 2025 | ||||
| £ | £ |
||||
| 4,800 | 4,800 | ||||
| 19,359 | 19,359 | ||||
| 146,552 | 146,552 | ||||
| 714 | 714 | ||||
| 171,425 | 171,425 | ||||
| 7,550 | 7,550 | ||||
| 171,163 | 171,163 | ||||
| 178,713 | 178,713 | ||||
| - | - | ||||
| (7,288) | (7,288) | ||||
| - | - | ||||
| (7,288) | (7,288) | ||||
| (7,288) | (7,288) | ||||
| 128,790 | 128,790 | ||||
| 121,502 | 121,502 | ||||
Page 3
Simply Cycling Balance Sheet
at 31 March 2025
| Charity No. 1143362 Fixed assets Tangible assets 11 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 12 Net current assets Total assets less current liabilites Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds Unrestricted funds General funds 13 13 Reserves 13 Total funds Approved by the trustees on 31 July 2025 |
2025 £ 23,774 23,774 98,328 98,328 (600) 97,728 121,502 121,502 121,502 121,502 121,502 121,502 |
2024 £ 24,631 24,631 106,981 106,981 (2,822) 104,159 128,790 128,790 128,790 128,790 128,790 128,790 |
|---|---|---|
And signed on their behalf by:
L. Clarke Liz Clarke (Sep 12, 2025 12:34:20 GMT+1) Trustee 31 July 2025
Page 4
Simply Cycling Notes to the Accounts for the year ended 31
March 2025
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) 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 of the trustees in furtherance of the general objects of the charity.
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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 assets at their market values.
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Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
-
Income Recognition 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 expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
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Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
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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 to the Charity is reasonably quantifiable, measurable and material.
-
Volunteer help The value of any volunteer help received is 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 of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 5
Simply Cycling Notes to the Accounts
-
Expenditure Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
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Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
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Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
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Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment 20% Straight line Motor vehicles 20% Straight line
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 6
Simply Cycling Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities 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 period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 7
Simply Cycling Notes to the Accounts
2 Statement of Financial Activities -prior year
| Income and endowments from: Donatons and legacies Charitable actvites Investments Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliaton of funds: Total funds brought forward Total funds carried forward 3Income from donatons and legacies 4Income from charitable actvites Grants 5Income from other trading actvites Membership subscriptons Cycling trips |
Unrestricted £ 4,800 4,800 Unrestricted £ 19,359 19,359 Unrestricted £ 138,402 8,150 146,552 |
Unrestricted funds 2024 £ 141,673 31,794 649 174,116 161,741 161,741 12,375 12,375 12,375 116,415 128,790 Total 2025 £ 4,800 4,800 Total 2025 £ 19,359 19,359 Total 2025 £ 138,402 8,150 146,552 |
Total funds 2024 £ 141,673 31,794 649 174,116 161,741 161,741 12,375 12,375 12,375 116,415 128,790 Total 2024 £ 1,120 1,120 Total 2024 £ 31,794 31,794 Total 2024 £ 140,553 - 140,553 |
|---|---|---|---|
Page 8
Simply Cycling Notes to the Accounts
6 Income from investments
| Bank interest 7Expenditure on raising funds Fundraising trading costs Cycling trips 8Other expenditure Actvites Employee costs Motor and travel costs Premises costs Amortsaton, depreciaton, impairment, proft/loss on disposal of fxed assets General administratve costs Legal and professional costs 9Net (expenditure)/income before transfers This is stated afer charging: Depreciaton of owned fxed assets 10Staf costs Salaries and wages Social security costs Pension costs |
Unrestricted £ 714 714 Unrestricted £ 7,550 7,550 Unrestricted £ - 134,596 2,358 14,399 9,297 8,059 2,454 171,163 2025 £ 9,297 2025 120,417 4,279 1,989 126,685 |
Total 2025 £ 714 714 Total 2025 £ 7,550 7,550 Total 2025 £ - 134,596 2,358 14,399 9,297 8,059 2,454 171,163 |
Total 2024 £ 649 649 Total 2024 £ - - Total 2024 £ 2,557 102,268 8,862 13,832 18,854 13,174 2,194 161,741 2024 £ 18,854 2024 96,257 3,504 2,140 101,901 |
|---|---|---|---|
No employee received emoluments in excess of £60,000.
Page 9
Simply Cycling Notes to the Accounts
11
| 11Tangible fxed assets | ||||
|---|---|---|---|---|
| Cost or revaluaton At 1 April 2024 Additons At 31 March 2025 Depreciaton and impairment At 1 April 2024 Depreciaton charge for the year At 31 March 2025 Net book values At 31 March 2025 At 31 March 2024 12Creditors: amounts falling due within one year Other taxes and social security Accruals 13Movement in funds Restricted funds: Unrestricted funds: General funds Total funds 14Analysis of net assets between funds Fixed assets Net current assets |
Equipment | Motor vehicles £ 58,953 - 58,953 54,454 4,499 58,953 - 4,499 |
Total £ 257,875 8,440 266,315 233,244 9,297 242,541 23,774 24,631 2024 £ 2,222 600 2,822 At 31 March 2025 £ 121,502 121,502 Total £ 23,774 97,728 121,502 |
|
| £ 198,922 8,440 207,362 178,790 4,798 183,588 23,774 20,132 2025 £ - |
||||
| 600 | ||||
| At 1 April 2024 128,790 128,790 |
600 Incoming resources (including other gains/losses ) £ 171,425 171,425 Unrestricted funds £ 23,774 97,188 120,962 |
Resources expended £ (178,713) (178,713) Restricted funds £ - 540 540 |
Page 10
Simply Cycling Notes to the Accounts
15 Reconciliation of net debt
| Reconciliaton of net debt ply Cycling Notes he Accounts |
|||
|---|---|---|---|
| Cash and cash equivalents Net debt |
At 1 April 2024 £ |
Cash fows £ |
At 31 March 2025 £ 98,328 98,328 98,328 |
| 106,981 | (8,653) | ||
| 106,981 106,981 |
(8,653) (8,653) |
16 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
| 2025 | 2025 | 2024 | 2024 | |
|---|---|---|---|---|
| Land and | Land and | Other | ||
| Other | ||||
| buildings | buildings | |||
| £ | £ | £ | £ | |
| Operatng leases with expiry date: | ||||
| Pension commitments | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| The pension cost charge to the charity | ||||
| amounted to: | 1,989 | 2,140 |
Page 11
Simply Cycling Statement of Cash flows for the year ended 31 March
2025
| Cash fows from operatng actvites Net (expenditure)/income per Statement of Financial Actvites Adjustments for: Depreciaton of property, plant and equipment Dividends, interest and rents from investments Decrease in trade and other payables Net cash (used in)/provided by operatng actvites Cash fows from investng actvites Payments for property, plant and equipment Dividends, interest and rents from investments Net cash used in investng actvites Net cash from fnancing actvites Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2025 £ (7,288) 9,297 (714) (2,222) (927) (8,440) 714 (7,726) - (8,653) 106,981 98,328 |
2024 £ 12,375 18,854 (649) - 30,580 (24,117) 649 (23,468) - 7,112 99,869 106,981 106,981 106,981 |
|---|---|---|
| Components of cash and cash equivalents | ||
| Cash and bank balances | 98,328 | |
| 98,328 |
Page 12
Simply Cycling Detailed Statement of Financial Activities for the year ended 31
March 2025
| Income and endowments from: Donatons and legacies Charitable actvites Grants Other trading actvites Membership subscriptons Cycling trips Investments Bank interest Total income and endowments Expenditure on: Costs of other trading actvites Cycling trips Total of expenditure on raising funds Other expenditure Actvites Employee costs Salaries/wages Employer's NIC Pension costs Staf welfare Temporary staf Motor and travel costs Vehicles -General costs Travel and subsistence Premises costs Rent |
Unrestricted funds 2025 £ 4,800 4,800 19,359 19,359 138,402 8,150 146,552 714 714 171,425 7,550 7,550 7,550 - - 14,399 14,399 120,417 4,279 1,989 475 7,436 134,596 2,318 40 2,358 |
Total funds 2025 £ 4,800 4,800 19,359 19,359 138,402 8,150 146,552 714 714 171,425 7,550 7,550 7,550 - - 14,399 14,399 120,417 4,279 1,989 475 7,436 134,596 2,318 40 2,358 |
Total funds 2024 £ 1,120 1,120 31,794 31,794 140,553 - 140,553 649 649 174,116 - - - 2,557 2,557 96,257 3,504 2,140 367 - 102,268 3,221 5,641 8,862 13,832 13,832 |
|---|---|---|---|
Page 13
Simply Cycling Detailed Statement of Financial Activities
| General administratve costs, including depreciaton and amortsaton Depreciaton of Equipment Depreciaton of Motor vehicles Bank charges Equipment repairs and maintenance General insurances Informaton and publicatons Subscriptons Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliaton of funds: Total funds brought forward Total funds carried forward |
4,798 4,499 220 1,059 4,026 997 313 604 840 17,356 2,454 2,454 171,163 178,713 - (7,288) (7,288) - (7,288) 128,790 121,502 |
4,798 4,499 220 1,059 4,026 997 313 604 840 17,356 2,454 2,454 171,163 178,713 - (7,288) (7,288) - (7,288) 128,790 121,502 |
11,666 7,188 719 3,938 3,867 751 1,629 965 1,305 |
|---|---|---|---|
| 32,028 | |||
| 2,194 | |||
| 2,194 | |||
| 161,741 | |||
| 161,741 - |
|||
| 12,375 | |||
| 12,375 - |
|||
| 12,375 | |||
| 116,415 | |||
| 128,790 |
Page 14
250912 SIMPCY 2025 Accounts - TL
Final Audit Report
2025-09-12
Created: 2025-09-12 By: Tyler Lappage (tyler@nabarropoole.com) Status: Signed Transaction ID: CBJCHBCAABAARaDAZ-3q9mgQZPaP1CbheOGHfXUencyU
"250912 SIMPCY 2025 Accounts - TL" History
Document created by Tyler Lappage (tyler@nabarropoole.com)
2025-09-12 - 11:16:23 GMT
Document emailed to lizclarke37@gmail.com for signature
2025-09-12 - 11:18:54 GMT
Email viewed by lizclarke37@gmail.com
2025-09-12 - 11:31:47 GMT
Signer lizclarke37@gmail.com entered name at signing as Liz Clarke 2025-09-12 - 11:34:18 GMT
Document e-signed by Liz Clarke (lizclarke37@gmail.com)
Signature Date: 2025-09-12 - 11:34:20 GMT - Time Source: server
Document emailed to Tyler Lappage (tyler@nabarropoole.com) for signature 2025-09-12 - 11:34:21 GMT
Email viewed by Tyler Lappage (tyler@nabarropoole.com) 2025-09-12 - 13:17:13 GMT
Document e-signed by Tyler Lappage (tyler@nabarropoole.com) Signature Date: 2025-09-12 - 13:17:33 GMT - Time Source: server
Agreement completed.
2025-09-12 - 13:17:33 GMT