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

- Cycling UK- Big Bike Revival is funding received from Cycling UK towards bike sessions supporting free cycle servicing. 

- The National Lottery is deliver our in house “Earn a Bike” training courses to those in the community who are looking for support, training or to help with recovery from physical and mental illness over 3 years. 

- Petroc funding was to deliver our “Earn a Bike” Courses to those in the community who are unemployed. 

- Somerset Community Foundation is deliver our in house “Earn a Bike” training courses to those in the community who are looking for support, training or to help with recovery from physical and mental illness over 3 years. 

- Somerset Freemasons was a donation towards a crowdfunding project to replace a broken van. The van will be equipped with an awning that will become an outdoor classroom to reach rural communities. 

## **12 Analysis of net assets between funds** 


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


## **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 

20