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← On Your Bike (Recycle) Ltd

2024-02-29-accounts

On Your Bike (Recycle) Ltd (A Charltable Company Llmlted by Guarante• Annual Report and Flnanclal Statements For the Year Ended 28 Fobruary 2023 Company Number: 07743521 Charlty R•glst6r•d In England and Wales NUm￿r. 1143731

On Your Blke (Recycle) Ltd Contents For the Year Ended 28 February 2023 Pa Contents Reference and Adminislrative Details Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to Ihe Flnanclal Statements 11-20 Prepared By Albert Goodman LLP

On Your Bike (Recycle) Ltd Referen￿ and Administrative Details For the Year Ended 28 February 2023 Trustees and Directors R K Habgood (Chair) S 8uller H Gregory M Howell B Nicholls Gonoral Manager (People and Process•s) T Mock General Manager (Technlcal) D Cutler Company Nurn￿r 07743521 Charlty Number 1143731 Prlnclpal Offlce and Reglstered Offlc• The Coach House Station Approach Taunton Somerset TA11QW Independ•nt Examln•r Michelle Ferris Bsc (Hons) FCA DChA Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA12PX Prepared By Albert Gocmjman LLP

On Your Blke (Recycle) Ltd Trustees, Report For the Year Ended 28 February 2023 The trustees, who are also directors for the purposes of the Companies Act. present their report and the unaudited financial statements of the charity for the year ended 28 February 2023. The financlal statements have been prepared in accordance with the accounting policies set out in note 1 to the financlal statements and comply with the charity's memorandum and articles of association, the Statement of Recommended Practice {SORP FRS 102 2019). and are in accordance wlth the speclal provision relating lo small companies within Part 15 of the Companies Act 2006. Publlc b•nofit The trustees report that the charitable aclivities, described in the 'Mlsslon slatemenf, 'Actlvllles° and 'Achievements and performance" paragraphs, are for the public benefit. The trustees also confirm that they have complied with section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charlty Commlsslon. Structureg governance and management On Your Bike {Recycle) Ltd Is an Independent charity, reglstered number 1143731 and a company limited by guaranlee, registered number 07743521. The governing document is the memorandum and articles of association dated 4 July 2011. The followlng trustees who are also dlrectors for the purposes of company law, served during the year and Since the year end: S Buller S Foulerton H Gregory R K Habgood M Howell B Nicholls {resigned 31 March 2023) (Chair) {appolnled 9 December 2022) New trustees. appointed by a resolutlon of Ihe other trustees, must reti￿ al the next annual general meeting when they can seek re-election. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of liquidation of the company. The trustees attend board meetings quarterty. Responslblllty for Ihe management and operation of the company during the period was entrusted to T Mock. Prepared By Albert Goodman LLP

On Your Blke (Recycle) Ltd Trustees, Report For the Year Ended 28 February 2023 On Your Blke- Vision and Misslon statement Vision Giving Purpos8 to People through training and support Core Missffion 1. To offer training and apprenticeships to those in our community, thus assisting benefiGiaries gain the necessary skills and self-confidence needed to find paid work. 2. To promote health benefits. active travel and safe cycling within our communilies. 3. To promote social interaction within our communities 4. To reuse. recycle and rehome bikes. Ihus playing an active part in reducing C02 emissions by saving many bikes from landfill. S. To work alongside local charities and businesses that have environmental or ecological valuès at their core. Actlvltles On Your Bike (Recycle) Ltd is a charity that provides services to the public, whilst playing an active part in reduclng C02 emlsslons by recycllng donated blkes for elther rehomlng or recycllng of parts. We provide bike malntenance Iralnlng, togelher with customer servlc8 and relail Iraining to disadvantaged people includlng the homeless, refugees, ex-service personnel and the long-term unemployed. Our aim is to build confidence so that beneficiaries are better equipped to galn pald employment. Our work Is supported through our Irading income, grant funding and donatlons from the public and businesses. Our major funding grants for the finanaal year came from Hinkley Point C and National Lottery. The Trustees are exceedingly grateful for these donations, all of which are put lo irnrnediate good use. We continue to build our business,. however. no sooner did we see the pandemic behind us, families wer8 hit by increasing inflation, Inflation uncertainty has hindered growth. Both sales and serdicing have been impacted and inflation has increased the costs of spares etc immensely. Our "Earn a Bike" courses have increased in capacity and the funding from National Lott8ry and Somerset Community FoundationlHPC Fund OYB to run 44 Earn a Bike courses each year over a three-year period. The firsl full year of the funded scheme has resulted in 110 attendees with 62 completing the course and receiving their bike. 13 of the attendees have moved onto City and Guilds Level 1 & 2 qualifications. This is a good resull. We have experienced a wide demographic of beneficiaries, progress through the course and have watched them blossom and develop through the short time with us. The outcomes from the course are much more than the physlcal bika they are given at the end. We have also been able to fully return to community work. These include Dr Blke repalr sessions at local events, working alongside local cycling groups, Police and Somerset Road Safety, individual maintenance courses, The Bridgwater Way providing school Mainlenan￿ courses (year 5+) to promote active travel in Bridgwater, and of cours8 our smoothie bike is available for hire at any &vent and includes a trained operator and ingredientsl Prepared By Albert Goodman LLP

On Your Bike (Recycle) Ltd Trustees, Report For the Year Endèd 28 February 2023 Achievemonts and rformance Beneficiaries completed our °Eam a Bike" course The first full year of the funded scheme has resulted in 110 attendees with 62 compbting th8 course and receiving their bike. 13 of the attendees have moved onto City and Guilds qualifications. At the end of the financial year OYB had a total of 14 Community volunteersl8eneficiaries. We retained 6 Community Volunteersl Beneficiaries from the prior year, and are still with us. We had 8 (1 C.V and 7 8) start and move on throughout the year. The Communty Volunteers either have other employment or are retlred and our Benef￿laries come through our"EAB" Course8, Outcomes for volunteers who left OYB in Ihe year: 3 of those who left found employment. DonatSons and Sales Data Approximately 1146 bikes were donated to the two sites during the year, of which approx. 592 were recyded. In the year 46 Gift Aided bikes were donat8d to us and sold. We sold 554 blkes bebNeen both stores. Servlced approxlmately 1964 bikes for people In our communlty, supportlng them In transportatlon and fitness and well being through our stores and many more through our free and corporate Dr Bike Repair Session and events. Contlnued to develop sales and workshop process improvements have contlnued followlng the Inltial workshop improvements funded by National Lottery. Shop layout has also bean improved. The purchase of parts continues to be, challenging and costs have increased substantially. Both the economic climate and Brexit have played their part in such increases and this is, unfortunatety, unlikely lo improve in the near future. Private donatlons received in the year were £633.34 Instore, and over £6,000 was donated by Somerset Freemasons and other small local Charities. Flnanclal revlew The charity generated Income of £246,612 of whith £68.635 was restricled (2022 - income of £176,788 of which £14,914 was restricted). With expenditure of £254,763 {2022 - £257,090), this lead to a deficit for the year of £8,151 (2022- deficil: £80,302). Nel assets as at the end of the financial year were £65,281 {2022- £73.432). of which £27,273 is restricted (2022.. £nil restricted). Reserves pollcy The truslees, pollcy on reserves is to malnlaln sufficlent reserves for th8 charity to continue to meet its ongoing commitments for a minimum of 3 months (estimated £37,000) and to provide sufficient funds to develop and extend the services provided by the charity. The free reserves of the company amounled to £25,030 on 28 February 2023. The charity activities are very seasonal, with winter being the quiet period and sales picking back up around March time, therefore the February reserves are always a refiection of quiet period. Prepared By Albert Goodman LLP

On Your Blke (Recycle) Ltd Trustees, Report For the Year Ended 28 February 2023 Future plans For the next five years trustees, aims are to grow and develop OYB'S business and core aims. To achieve this trustees and senior staff have 1. Revisited and expanded OYB'S business plan setting out how we will grow the business. 2. With help from Studio Lemonade OYB aims to refresh and update its branding over the current year 2023124. 3. To secure funding to cover core costs for the next three years 4. So that We can promote social interaclion within our communities, trustees aim to secure funding to purchase a large van equipped with a workshop so thal we can take our servicing offerings out to rural communitles who have neither private or public transport. 5. To complete the training and developmant of up to 4 members of stsff through their apprenticeships and the Cytec 3 vocational training 6. To se8k to establish OYB as a centre of excellence with major supplier(s) 7. To seek new Trustees adding further skn'll sets to tha current Truslee and board. Rlsk management The twstees have consldered the major rlsks to which the charity is exposed. The Trustees actively r8vlew, and update systems and procedures to manage perceived risks appropriately. Prepared By Albert G￿￿Man LLP

On Your Bike (Recycle) Ltd Trustees, Report For the Year Ended 28 February 2023 statement of Trustees. R•sponslblllt1•8 The trustees (who are directors of On Your Bike (Recycle) Ltd for the purposes of company law) are responslble for p￿parIng the Trustees, Annual Report (Incorporating the Directors. Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards, including Financial Reporting Standard 102 Thè Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally AcGepted Accounting Practice). Company law requires the trustees to prepare flnanclal statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and Ihe income and expenditure of the charitable company for that period. In preparing these financial Statements, the trustees are required to: select suitable accounting pollcies and then apply them consistently., observe the methods and principles in the Chariti8s SORP; mak8 judgments and estimates that are reasonable and prudent: state whether appliGable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeplng adequate accounting records that dlsclose wlth reasonable accuracy at any time the financlal positlon of the charitable Company and enable them lo ensure that the financial statements comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and olher irregularities and are responsible for the maintenance and integrity of the corporate and financial information on the charity's website. Signed by order of the trustees on . IS- 9. 2023 R K Habgood Chair of Trustees Prepared By Albert Goodman LLP

On Your Blke (Recycle) Ltd Independent Examiners, Report to the Trustees For the Year Ended 28 February 2023 Independent examlnetrs report to the trustees of On Your Blke (Recycle) Ltd I report to the charity trustees on rny examination of the accounts of On Your Bike (Recycle) Lld (°the Company.) for the year ended 28 February 2023. Responsibilities and basls of report As the charity's truste8s of Ihe Company (and also ils directors for the purposes of company law) you a responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried oul under section 145 of the Charities Acl 2011 {'the 2011 Act"). In carying out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act. Albert Goodman LLP providas the charity with book-keeping services. I conflrm that the necessary safeguards as required by the Directions of the Charity Commission have been implemenled, and that I have applied the provisions of the Revised Ethical Standard 2016 issued by the Financial Reportlng Standard. Independent examiner's Statemenl I have completed my examination. I confirm that no material matlers have come to my attention In connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do nol comply with these records. or 3, the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement thal the accounts give a "true and fair view which Is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of Recommended Practice for accounting and reporting by charities applicable lo charities pr8paring their accounts in accordanc8 With the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems 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 accounts to be reached. Michelle Ferris Bsc (Honsj FCA DChA Albert Goodman LLP Chartered Accountants Goodwood House Blackbrook Park Avenue Taunton Somerset TA12PX Dated. .1 .f/og/J02.3 . Prepared By Albert Goodman LLP

On Your Bike (Recycle) Ltd Statement of Financial Activities (including Income & Expenditure account) For the Year Ended 28 February 2023 2023 Totsl 2022 Tolal Unres. trlcted Re•Strlcted Unres. Re. trietéd strieted Notes Incomè Donations (including grants) Donated bike sales 9,361 114,659 68.635 77,996 114,659 9,955 14,914 103,305 24,869 103,305 124,020 68,635 192,655 113,260 14,914 128,174 Charitable activities income: Sales of bikes and accessories 53,957 53,957 48,614 48,614 Totsl incom8 1n,977 68,635 246,612 161,874 14,914 176,788 Expéndlture Charitable activities 213,401 41,362 254,763 237,291 19,799 257.090 Total expendlturn 213,401 41,362 254,763 237,291 19,799 257,090 Net Income l {expendlture for the year before transfors (35,424) 27,273 (8,151) (75,417) (4,885) (80,302) Transfers N•t movement In funds (35,424) 27,273 (8,151) 175,41n (4,885) 180,302) Reconcillatlon of funds Total funds brought forward 73,432 73,432 148,849 4,885 153,734 Tolal funds carrled forward 38,008 27,273 65,281 73,432 73,432 The results for the year derive from continuing aclivities and there are no gains or losses other than those stK)wn above. The statement of financial activities incorporates the income and expenditure account. Prepared By Albert Goodman LLP

On Your Bike (Recycle) Ltd - Company Reglstratlon Numb•r: 07743521 Balance sheet As at 28 February 2023 Notes 2023 2022 Flxed assets Tangible fixed assets Investments 12,976 15,540 12,978 15,542 Current assets stock Debtors Cash at bank and in hand 30.487 2,103 31,732 32,009 838 36,850 64,321 69,697 Credltors Amounts falling due within one year 10 (12,019) (11,807} Net current assets 52,303 57,890 Net assets 65.281 73,432 Funds Unrestricted funds Restricted funds 11 11 38,008 27,273 73,432 Tolal charity funds 65,281 73,432 These accounts have been prepared and delfvered In accordance wlth the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). For the year ending 28 February 2023 the company was entitled to exernption undar section 477 of the Companies Act 2006 relaling to small companies, The members hav8 not required the company to obtain an audit in accordance wilh section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and Ihe preparation of accounts. Approved by the Board for issue on .and signed on its behalf by: RKHabg Trustee Prepared By Albert Goodman LLP 10

On Your Bike (Recycle) Ltd Notes to the Financial Statements For the Year Ended 28 February 2023 Accountlng pollclos 1.1 General Infonnatlon and basls of accountlng On Your Bike (Recycle) Ltd is a company limited by guarantee incorporated in the United Kingdom under the Companies Act. Each member of the charity undertakes to contribute a maximum of £10 to lh8 charity's assets If It should b8 wound up while they are a member or wilhin one year after they cease to be a member. The address of the registered Offi￿ is given on page 2. The nature of the charity's operalions and Its principal actlvltles ar& set out in Ihe Trustees Report on pages 3-6. The financial stat8m8nts hav8 been prepared on the historical cost basis and in accordance with the accountlng and reporting by Charlties: Statement of Recommanded Practlce applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102} (effective 1 January 2019)- {Charites SORP (FRS 102)) and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless olherwise stated in the relevant accounting policy. 1.2 Golng concern The trustees assess whether the use of golng concern Is appropriate l.e. whether there are any materlal uncertainties related to events or conditions that may casl significanl doubl on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisatlon for issue of the financial statements and have concluded that the charity has adequ8te resources to contlnue In operatlonal existence for the foreseeable lutUTe and there are no material uncertainties about the charity's ability to continue as a going concern, thus they continue to adopt the going concem basis of accounting in preparing the financlal slatements. 1.3 Incorno Income from donations is recognised in the accounts when receivable and the amount can be reliably measured. In line with the SORP, income in relation to donated bikes is recognised at point of sale rather than the point of donation. Income from grants and government grants 15 accounted for when unconditionally due and reasonable assurance can be gained that it will be recelve(J. Income from investments is recognised in the accounts when receivable. Prepated By Albert GLX)dman LLP 11

On Your Bike (Recycle) Ltd Notes to the Financial Statements For the Year Ended 28 February 2023 1.4 Expendlture Expendilure is accounted for on the acGruals basis. Liabilities are recognised in Ihe accounting period to which they relate. Governance Costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. 1.5 Flxed assets Fixed assets are valued at cost less depreciation. No assets are capitalised under £100. Deprecialion is calculaled to write off the cost or valuation of fixed assets over their estimated useful lives at the following rat6:_ Plant and machinery Motor vehicles 150A straight line 250A straight line 1,6 Investment in subsidiaries Th8 investment in the share capital of the charity's subsidiaries is stated at cost. Any loans to or from the subsidiary are stated at the value outstandlng at the year end. 1,7 Debtors Other d8btors are recognised at the settlement amount due and pr8payments are valued at the amount prepaid. 1.8 Cash at bank and In hand Cash at bank and in hand compromise cash on hand and call deposits that are readily convertible to a known amount of cash and ar8 subject to an insignificant risk of change in value. 1.9 Credltors Creditors and provisions are recognised where the charity has a present obligation resulting from past event that will probably result In the transfer of funds to a thlrd paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. 1.10 Taxatlon The company is a registered charity and is therefor8 not liable to corporation tax to the extent that income and gains are applied for charitable purposes. 1.11 Fund accountlng General funds are unrestricted funds receivable or generated for the objects of the company without further specrfied purpose and are available as general funds. Restricted funds are to be used for specrfic purposes as laid down by the donor. Expendilure which meets this criterion is charged to the fund, together with a fair allocation of management and support costs. 1.12 Stocks Stocks are valued al the cost and net realisable value, after making due allowance for obsolete and slow-moving items. Prepared By Albert Goodman LLP 12

On Your Bike (Recycle) Ltd Notes to the Financial Statements For the Year Ended 28 February 2023 1 .13 Flnancial Inslrurnenls The charity only holds basic financial instruments as defined in FRS 102. The financial assels and liabilities of the charity and Iheir measurements are as follows: Financial assets - trade and other debtors are basic financial inslruments and are debl instruments measured at amortised cost. Prepayments are nol financial instruments. Cash at bank- is classified as a basic financial instrument and is measured at face value. Flnancial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured al amortised cost. Taxation and social security are not induded in the financial instruments disclosure definition. Deferred income is not d88med to b8 a financial liability, as the cash settlement has already taken place and therg is an obligation to deliver services rather than cash or another financial instrument. 2 Donatlons (Includlng grants) Unres. Res. tricted tricted Total 2023 Unres. Res- tricted trlctsd Total 2022 Grant Income Cycling UK - Big Bike Revival The National Lottery Foxglove Trust Somerset Community Foundation P8troc- Bike Grant Fund Maintenance Courses Other 3,000 37,973 3,000 37,973 4,934 4,934 4,000 4,000 17,692 9,970 17,692 9,970 2,958 9,980 9,980 2,958 28 28 Exceptlonal govgrnment fundlng Coronavirus Job Relenlion Scheme Grant. 3.326 3.326 Donatlons Gift Aid Other 2,137 464 2,137 464 6,403 6,403 9.361 68,635 77.996 9,955 14,914 24.869 'Denotes government funding Prepared By Albert Goodman LLP 13

On Your Blke (Recycle) Ltd Noles to Ihe Financial Statements For the Year Ended 28 February 2023 The charity has been eligible to claim additional funding in the prior year from govemment support schemes in response to the coronavirus outbreak. The funding received is shown above under "exceptional government funding". In the prior year, the charity furloughed some of its staff under the govemments CJRS. The funding received of £3,326 in the prior year relaling to staff costs which are included within note 8 as appropriate. Staff enlered into the furlough scheme were those directly involved with non-government funded income streams. Amounts received from government grants are as listed above. There are no unfulfilled conditions or other contingencies attached to grants that have been recognised in income and the charity has not benefitted directly from other forms of govemment assistance. 3 Dlroct charltable expendlture Unres- Res- trlcted trlcted Total 2023 Unres- Rg8- Irlcted trlcted Total 2022 Employment costs Other costs 131,275 26,802 158,077 153,661 82,126 14,560 96,686 83.630 16,699 3,100 170,360 86,730 213,401 41,362 254,763 237,291 19,799 257,090 Included In other costs: Travel and subsistence Tools, parts and accessories Training and accommodation Rent and rates Light, heat and power Insuran¢e Repairs and renewals Telephone and fax Bank charges & Inte￿$t Postage and slationary Direct expenses Sundry expenses Charitable donations Subscription Cleaning Motor expenses Advertising Professional fees VAT non business adjustment Depreciation Governance 1,095 35,646 296 11,036 1,658 266 741 2,303 2,678 1,930 3,576 1,721 1,095 47,646 296 13,596 1,658 266 741 2,303 2,678 1,930 3,576 1,721 12,000 34,129 953 10,843 5,016 2,226 1,283 1.839 3,332 1,189 3,055 2,612 40 68 522 3,792 312 1,381 908 5,078 5,052 2,600 36,729 953 10,843 6,016 2,226 1,283 1,839 3,332 1,189 3,555 2,61? 40 68 522 3,792 312 1,381 908 5,078 5.052 2,560 500 2.645 1,040 4,200 974 2,804 582 3,358 3,579 2.645 1,040 4,200 974 2,804 582 3,358 3,579 82,126 14,560 96,686 83,630 3,100 86,730 Prepared By Albert Goodman LLP 14

On Your Blke (Recycle) Ltd Notes to the Financial Statements For the Year Ended 28 February 2023 4 Included within governance cosls Unres. trlcted Res- trlcted Total 2023 Unre8- trlcted Re8. trlcted Total 2022 Independent examination fee Accounlancy 893 2,687 893 2,687 850 4,202 850 4.202 3,579 3,579 5,052 5,052 5 Wages and salarles 2023 2022 Wages and salaries Social security costs Pension 147,515 7,639 2,923 157,638 9,365 3,357 158,077 170,360 No individual employee was paid over £60,000 (2022: none) The key management p8rsonnel of the charity is considered to be the general manager. The total costs to the charity of employee benefits for th8 key management personnel were £33.361 (2022: £38,667). The average number of employees for the year was as follows.. 2023 2022 Number of staff The charity operates a defined conlribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £2,923 (2022: £3,357). There were contributions of £15 payable to the scheme al the end of the year included in creditors (2022.. £15). 6 Net in￿rnIng resources ￿for8 transfers 2023 2022 This is stated after charging.. Depreciation Accountants remuneration - indeperKlent examinalon - olher 3,358 893 2,687 5,078 850 4,202 Prepared By Albert Goodman LLP 15

On Your Blk8 (Recycle) Ltd Notes to the Financial Statements For the Year Ended 28 February 2023 7 Tanglble assets Plant & machlnery Motor vehlcles Total Cost As at 01.03.2022 Additions 23,179 631 8,007 31.186 631 As at 28.02.2023 23,810 8,007 31,817 Deprecialion As at 01.03.2022 Charge for year 8,408 2,426 7,238 769 15,646 3,195 As at 28.02.2023 10,834 8,007 18,841 Net book value As at 28.02.2023 12,976 12,976 As at 28.02.2022 14,771 769 15,540 8 Investmentg 2023 2022 Shares in subsidary undertakings On Your Bike Taunton Limited (company number 11516698) was incorporated on 14 August 2018 as wholly owned subsidiary of On Your Bike (Recyde). The parent charity holds 1000/0 of the issued share Capital and 1000A of the voling rights of the subsidiary trading company. The company is dormant as at 28 February 2023. Therefore, has £nil profits (2022- £nil), and share capital is £1 (2022-£1). On Your Bike Bridgwater Limited (company number 11516646) was Incorporated on 14 August 2018 as a wholly owned subsidiary of On Your Bike (Recycle}. The parent charily holds 1 OOV¢ of the issued share capital and 1000/0 of the voting rights of the subsidiary trading company. The company is dormant as at 28 February 2023. Therefore, has £nil profits {2022- £nil), and share capital is £1 {2022-£1). Prepared By Mbert Goodman LLP 16

On Your Bike (Recycle) Ltd Notes to the Financial Statemenls For the Year Ended 28 February 2023 9 Debtors 2023 2022 Trade debtors Prepayments and accrued income Other debtors 953 1,115 35 800 38 2,103 838 10 Credltors. amounts due In less that one year 2023 2022 Trade credltors Accruals VAT PAYE & Nl liability Other creditors 5,314 2,353 1,344 3,006 4,362 2,897 685 3,861 12,019 11,807 Prepared By Albert GocKlman LLP 17

On Your Bike (Recycle) Ltd Notes to the Financial Statements For the Year Ended 29 February 2024

11 Statement of Funds
Balance
01.03.2023
£
Restricted funds
Cycling UK - Big Bike Revival
-
The National Lottery
9,581
Somerset Freemasons
-
Somerset Community Foundation
17,692
Total restricted funds
27,273
Unrestricted funds
General
38,008
Total Funds
65,281		 11 Statement of Funds
Balance
01.03.2023
£
Restricted funds
Cycling UK - Big Bike Revival
-
The National Lottery
9,581
Somerset Freemasons
-
Somerset Community Foundation
17,692
Total restricted funds
27,273
Unrestricted funds
General
38,008
Total Funds
65,281		 Income
£
4,330
29,211
5,000
35,383
73,924
200,674
274,598		 Expend-
iture
Transfers
£
£
(4,330)
-
(19,267)
(12,318)
-
-
(35,383)
(17,692)
(58,980)
(30,010)
(203,348)
30,010
(262,328)
-		 Expend-
iture
Transfers
£
£
(4,330)
-
(19,267)
(12,318)
-
-
(35,383)
(17,692)
(58,980)
(30,010)
(203,348)
30,010
(262,328)
-		 Balance
29.02.2024
£
-
7,207
5,000
-
12,207
65,344
77,551
Statement of Funds - prior year
Balance
01.03.2022
£
Restricted funds
Cycling UK - Big Bike Revival
-
The National Lottery
-
Petroc - Bike Grant Fund
-		 Income
£
3,000
37,973
9,970		 Expend-
iture
Transfers
£
£
(3,000)
-
(28,392)
-
(9,970)
-		 Balance
28.02.2023
£
-
9,581
-
Somerset Community Foundation - 17,692 - 17,692
Total restricted funds
Unrestricted funds
General
Total Funds		 -
73,432
73,432		 68,635
177,977
246,612		 (41,362)
(213,401)
(254,763)		 -
-
-
27,273
38,008
65,281

Prepared By Albert Goodman LLP

19

On Your Bike (Recycle) Ltd Notes to the Financial Statements For the Year Ended 29 February 2024

12 Analysis of net assets between funds

==> picture [538 x 147] intentionally omitted <==

----- Start of picture text -----
Unres- Res- Total Unres- Res- Total
tricted tricted 2024 tricted tricted 2023
£ £ £ £ £ £
- -
Tangible assets 10,362 10,362 12,976 12,976
Investments 2 - 2 2 - 2
Net current assets 54,980 12,207 67,187 25,030 27,273 52,303
65,344 12,207 77,551 38,008 27,273 65,281
----- End of picture text -----

13 Related party transactions

There are no related parties requiring disclosure (2023: none).

14 Company limited by guarantee.

The company was incorporated as a company limited by guarantee and has no share capital. The guarantee to the company is £10 per member on the winding up of the company. At 29 February 2024 the company had six members and the total amount guaranteed was therefore £60.

Prepared By Albert Goodman LLP

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