## **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
- 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
- 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.
- 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.
- 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.
- Tax reclaims on Income from tax reclaims 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 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.
- 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.
- 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.
- 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**
3**Income from donatons and legacies**
4**Income from charitable actvites**
Grants
5**Income 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
7**Expenditure on raising funds**
_Fundraising trading costs_
Cycling trips
8**Other 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
9**Net (expenditure)/income before transfers**
This is stated afer charging:
Depreciaton of owned fxed assets
10**Staf 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
|11**Tangible 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
12**Creditors:**
amounts falling due within one year
Other taxes and social security
Accruals
13**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
14**Analysis 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