Registered number: 07762463
Charity number: 1144915
Cyclopark
(A company limited by guarantee)
Trustees, report and tlnancial statements
For the year ended 31 March 2025

Cyclopark
(A company limited by guarante8}
Content8
Page
R8for8nc8 and administrativa detalls of the Charlty, it$ Trust•es and advlsers
Truslees. report
Independent audltors, report on the financlal statemenls
Statement of flnanclal acllvltles
2-10
15
Balance shaot
16-17
Statement of cash flows
18
Notes to the financlal statements
19-34

Cyclopark
(A company limit&d by guaran188}
Reference and admin18tratlve details of the Charity, its Trustees and advisers
For the year ended 31 March 2025
K Lloyd. Chair
R Taylor
A Wheelwright (resigned 22 January 2025)
E Hughe8
B Sandell (resigned 22 January 2025)
S Pereverzeva {resigned 25 Seplernber 2024)
S Purchas
A Am8y (resigned 25 Seplembar 2024)
A Coups {appointed 25 September 20241
G E Wade (appointed 18 June 2025>
A South (appointecl 2 July 20251
Company reglslered
number
07762463
Charity registered
number
1144915
Registered office
Cydopark
Walllng Street
Gravesend
Kent
DA117NP
Ind8P8ndont auditors
Kfeston Re8V8s LLP
Chartered Accountants
Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ
Page 1

Cyclopark
(A company limited by guarantee)
Truslees. r8port
For the year ended 31 March 2025
The Trustegs pres&nt their annual report togeth6r wlth th8 audited financlal statements of the Charlty for the 1
April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustegs, report and a directors,
report under company law. The Trustees confirm thal the Annual report and financial statements of the
charitable company comply with the current statutory requlrements, the requirements of the charitable companys
governing document and the provisions of the Statemenl of Recommended Practice (SORP) applicable to
charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS102) leffectlve 1 January 2019).
Since the Charity qualifies a8 small under section 382 of the Companies Act 2006, the Strategic report requirad
of m8dium and large companles under the Companies Act 2006 (Strategic Report and Directors, Report)
R8gulations 2013 has been omitt6d.
Objectlves and actlvltles
a. Pollcles and objectlves
Th& Vision for th8 Charity is to provide a community hub that drives positive chang8 in our local communlty. We
want people to be able to access excellent facilities no malter their ability or background. We hope to inspire
future generatlons to get moving for pleasure as well as dlscoverfng hidden talent.
The Mission for the Charily is to provid@ outstanding experienc￿S Ihat support 811 ages and abilities to gat
moving on two feet and two wheels,
Why - the local context
Lo￿ted in a Priority 1 area of health and socioeconomic inequalities, 42¢10 of Year 6 children are overw8ight and
n8arly 1 in 3 adults are physically Inacllve.
Multlple large-scale studies across the worfd show thal jusl a moderate amount of mov6m8nl- 150 minutes a
week. which is 21 mlnutes a day- lowers your all-cause risk of death at a given age by approximately 30 %.
Following a change in senior leadership and period of review wilh key stakehold8rs tOW8rds the end of the
financial year 2023124, the original four-year strategy has been refined to focus on four key strategic goals from
financial year 2024125. Those look to further align the charity with Kent County Council's Framing and Securing
Kent's Future and Gravesham Borough Council's Gravesham 2040 prospectus, the summary of their corporate
and local plan.
The focus of these strategic goals is to build further on the Charity's charitable status and strength of offer and
position the Charity and venue as a h6alth and wèllbeing hub in an area of signific8NI need. By leaning into th@
social prescribing agenda, underpinned by Its unlque cycllng-based offer, the charlty can become a recDgnlzed
asset to support Public Hgalth building on its current success In cycling talent creation and 8V8nt staging.
Strateg1¢ Goal 1: The Charity to be a key resource for Public Health and the Kent and Medway Int8grated Care
strategy, parti¢ularfy the shared outcomes of - Giving children and young people the best stsrt in life & to
Support happy and healthy living for all.
Strategic Goal 2: The Charity to be the centre of cycling in Ihe region
enhancing the current discovery of
hiddan tal&nt and staging world-cla88 6vents with a r&new8d focus on inspiring more paople to get on a bike
through the development of a more robust grassrootslparticipation offer for childr@n and adults. Th18 In turn
supports our Publlc Health objective.
strategic Goal 3: The Charity to Use Gycling and nor)-cycling events to inspire engagement, generate valuab19
funds and as a key driver of profile and economic impact for Kent and Gravesham.
strategic Goal 4: The Charity to be commercially self-sufficient from Kent County Council central funding within
five years through efficiency and 8ffecliven8ss in our offer and operations supported by Ihird parly funding into
our programmes and facilities from grants and partnerships.
Page 2

Cyclopark
IA company limited by guarantee)
Trustees. report (continued)
For the year ended 31 March 2025
Obj8ctiV8s and aclivltles Icontlnued)
To achieve our strategic goals, w8 have four enabling goals:
Exceptlonal People
Our People ara the key to the success of the Charlty. Whilst we have an excellent faclllty, it's the people
who bring it to Ilfe. We seek to attracl people who can help us deliver our objactives whether thal Is
working wSth our mombers on a day to day basis or helping run fantastic events. We continue to review
and id8ntify the skills we ne8d now and in the future a5 Ihe Charity continues to grow and flourish. This
Include @nsuring we help our staff learn and develop to build their careers and our suc¢g5S.
In a time of a climate emergency, cycling and a¢tiV8 travel have critical roles to play. Our work at the
where they can18arn to be Gonfident 8nd happy lo ride bikes, whether for transport, for lelsure or for sport
(or a combination of all three). As a Iraffic free Spa￿ we provide 8 safe and welcoming placg for people to
enjoy riding blkes.
Stakeholder Relationships
Ext8nd our relationshlps wlth stskeholders to include sporl governing bodie8, local govemment, central
government and health providers to support mutually b8neficial collaboration.
Contlnua to host national level oycling events wilh an ambition to make Cyclopark a leadlng v8nuo for
international16vel cycling events.
Continue to seek out new opportunities lo work with local businesses and the communilyto deliver new
events that raise awar8n@ss and bring people to th8 Venue.
Charitabl8 Fundraising
Identify and apply for a serias of funding opporlunities lo deliver the overall income target, These include
existing charities. grant making foundations, governing bodles, local and central government.
Continue our commitment to support discounted and free activities. Our team at the Charity work with
partners to identify relevant charitable projacts that align with our vision and help support the needs of our
local community, in fijrtherance of our own charitable activities.
Hosl additional fundraising events to further support this part of ourwork.
Commer¢lal Growth
Idantify and approaoh a range of businesses to forge partnerships lo dellver the overall income target.
These include local and national organisations who could offer Valua In Kind andlor cash input.
Focus cornmercial activity in the areas of health and fitness. family activities, day visitors. events and food
and drink.
Continue to improve the products, services and events we offer to our community by listening to feedback.
Build an ongoing focus on increasing inclusivity across all of our activities and product8 Wlth specific focus
on diversity and under represented section of society (women, elhnic diversity, young people and
disability)-
Our values are at tha heart of ev6r5rthlng wa do. They inform the way we design and deliver our servlces and the
way we work and behave.
.Teamwork to work in ways whlch are open, inclusiv8, responslve and accountable to develop and maintain
positive workiny relationships with customers, stsk6holders and partners to achieve excellent outcomes.
.Trust to ensure all stakeholders are given open and honest information tD make declsions, to leam from our
mistakes and promote conlinuous improvement and best practice.
.Treating people fairly to recognise that everyone has an importsnt part lo play in achieving the mission for
the Charity and to value the diverse and vibrant nature of our members and Gommunity.
.Spendlng Money Wlsely
to set high expectation lo achi8v8 strategic outcomes, actively seek out
opportunities to improve delivery of s8rvices through partnership and Ilsten to feedback.
The Directors have pald due regard to ensurg guidance has been taken in how the charily's activities are
focused around public benefit and in lin8 with directives issued by the Charity Commlsslon in deciding what
Page 3

Cyclopark
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 March 2025
Objectives and activltles (contlnuod)
activities the charlty should undertake.
b. Maln actlvities underiaken to further the Charlty's purposes for tha publlc bonefit
Cyclopark is a unique multl-activlly venue located in 49 acres of parkland In Gravesend, Kent offering a range of
actlvltles for all ages and abilities from dedicated cyclists and alhl8tes to famllles looklng for a great day out. It is
owned by Kent County Council and was opened in 2012 further lo the relocation of the old A2.
The Cyclopark Charity is an independent registered charity appointed on a multi-year agreement by Kenl
County Council to operate the venue on its behatf. As a charity, any profit is re-invested into the park's facilities
and wider charitable actlvities.
Originally opened as a cycling venue, the Charity and aclivilies offered have evolved over the years through the
desire to further engage with and meet the community's needs.
Our facllities are open 7 days a week. on av8raga 12 hours a day, 360 days a y8ar and include..
A 2.9km closed road clrcult able to be split into multiple areas for cDns6culiv@ use or as a 2.5km loop,
A 330 mgtre national standard BMX track,
6km of Mountain Bik8 trails for varying abilities,
Over 200 bikes In various tleets including for Leam2Ride, BMX, Mountain Bike and schools coaching as
well as publiG hire and the adaptive bike fleet for Cy¢lo4AtI,
Five dedicated indoor 8xercise spaces including weights and cardio room, spln studio, studios for
classes and the Garage HIIT area,
A 3,000 square foot playpark with multiple children's play aclivilies,
The groundbreaking Cycloland initiative wilh a mini-road network for children to understand road safety
whilst learning to scoot or use a balance bike.
A 1,40D square metre skatepark with a varlety of feature5 for skateboards, BMX8rs, scooters and
rollarblad8rs,
A Multi-use Games Ar8a.
An onsite café called ParkEat.
We offer a wide range cf have-a-go and taught Ride (cycling). Fitness and Play activities and events for all
ages and abililies priced in a community-orienlated way focused on affordability. Where we can, we offer th&sg
for free or at a significant discount for identified groups as part of our charitable activities.
Ride
A progressive CycloPathway delivertng a wide range of Coached sessions by the Charivs coaches
starting with beginner bike handling and moving into discipline specific coached sessions across road,
BMX, mountain bike and cyclo-cross to th@ high@st standard,
Host to five National Goveming Body clubs based at the venue offering road, BMX, mountsin bike and
cyclo<ros8 dlsclplines as wall as triathlon and disabllity cycllng,
A range of coached and supported sessions for schools Includlng spgcial schools for children with
learning difficuttles and social. emotional, behavioral and menlal health needs., Pupil Referral Units for
permanently excluded pupils and mainstream primary and secondary schoDIs,
The Cyclo4AII adaptive cycling sessions are further discounted from our already community-orientated
pricing as part of our charitable activities offering opportunities for mentally and physically disabled people
to engage in high quality, fun activities in partnership with Kent Community Health NHS Foundation Trust.
Page 4

Cyclopark
(A company Ilmlted by guarantee)
Trustees, report (continued)
For the year ended 31 March 2025
ObJoctlves and actlvltles (contlnuod)
Fitness
Not just a gym, ParkFitness provides a social and community hub for the local residents of Gravesham
and th8 surrounding argas, Our focus is not just on providing a facility but on supporting all us@rs on their
movement journ8y through a wid8 rang& of classes, led sessions and access to programme wrftlng wllh
our Instructors,
Four membership packages provide tailored offers for key audlences with th& abilily for individuals to also
pay-as-you-go for individual Glasses at Community￿rientated prices,
Over 70 classes and led sessions a week from low Intenslly yoga and pilates to high intensity spin and our
own Garage HIIT product as well es inclusive classes for target audiences including Par8nt & Baby and
Chair Fit and Chat for older adults,
Wider initiatives integrating with ParkRide including CycloFemme, Bmxerclse and the Black Dog Cycling
Group,
Charitable activities include offering discounted Menopausal Weight Training Clinics and Chair Fit & Chat
classes as well 88 a fr8e self-referr81 programme throughoLFt the year and Black Dog Cycling Group.
Play
The Play portfolio of play pa￿, Cycloland, skatepark and MUGA provid8s th6 gateway to engag6 the
families and younger children of Gravesham and Su￿OUnd1ng areas to help fonn positive habits through
fun physical activity from an early age,
Access is priced in a ¢ommunity-orientat8d way focused on affordability with a day pass for a f8mily of five
jusl £4.50 or a m&mbership atjusl £7.50 a month,
Alongside these actlvltles, the charity works Closely with ils tenanls Ihe Baby & Toddler Cloud to engage
young families both through their own classas and by cross promotion of Park Fitness exercise class8S,
ply park access and s8asonal ParkPlay 8V8nts.
Bookings & Events
Bookings and 8v8nts are an incr8dibly important platform for 8ngagem8nt providing motivation for
participants, inspiration for spectators and being a valuable way to Sntroduce new people to the charity,
These range from a simple two-hour room hire to host a thlrd4)arty meet]ng or activity to multi-day
National Series cycling evgnts across BMX, Cyclo-cross and road disciplines wilh a whole range in
betwegn linked to our Rid8, Fitness and Play portfolio.
stakeholders
Building and maintsining our network of stakeholders is key to on%oing operations and unlocking new
opportunities. This starts with those parties directly linked to the establishment of the Cyclopark project and, as
we look to our future direction, those closely aligned to our four strategic goals.
These start with Kent County Council, Active Kent and Medway, Gravesham Borough Council, Dartford &
Gravesham MHS Trust, British Cycling and Colyer Ferguson. Through close liaison with thesa parties, w8 ensur6
our purpos9 is aligned to tho local neod as w811 as using these nefMorks to forge new conn8clions.
Page 5

Cyclopark
(A Company Ilmlted by guarantee)
Trustees. report {contlnued)
For Ihe year ended 31 March 2025
Objectives and activities (contlnuod)
Achlevements and performance
. Overview
Sinc@ W8 first op&n8d in 2012, the CharSty has provided an inspiring and ac￿$$1b1e place for people from all
walks of life to ride their bik8s. From young people learning to rid@ through to Olympic gold m8dallists, our top
class facllltles have provided a supportive and saf8 environment for cycling.
Qver thg18sI 10 years. we have expand8d and grown our support for cyclists and introduced a broader range of
activities for non cyclists. We have also hosled many events from regional cycling races through to National
Series stages in BMX and Cyclocross; the highlight being hosting a stage of the 2019 Women's Tour.
The CharIt￿S scope is wide off@ring something for everyone, not Ju8t cycllng, with an av6rag8 of over 125
coached or supported sessions each week alongside being open for anyone to drop in to ride, ex6rcis8 or play
across th8 49 acre site,
b. Maln Achlevements 2024125
Our Team is known for being welcoming, supportive and creating an environment that many d@sGribe as like a
'familY. This approach shines through particularly in all tsught sessions, be they on the track or in th8 gym,
rasulting in truly inspiring stories, feedback and impacts.
During 2023124, the Charity has had..
Over /4 million visits,
6,300+ family visits to the play park (up to two adults and three children under 111,
3,000+ led exercise classes (from 12 to 25 taking p8rt in each class},
1000+ coached & supported cycling sesslons from beginner to tslent. These are a combination of
Cyclopark's own r6gular discipline speclfic sessions plus Ihose of the five clubs based at the Park.. Club
Cyclopark IBMX, MTB. Roadlcross). 4T {RoadlCross), TNT BMX, Limitless disability club and Medway
Tri. KCC also host Adult Learn 2 Ride sessions,
200+ days of cycling based schools, visits including special schools for children with leamlng difficulties
and social, emotional, behavioural and mental health needs, PRUS for permanently excluded pupils and
mainstream primary and secondary schools from as far afield as Wandsworth. southwest London.
100+ adaptive cycling sessions with Cycl¢4AII130+ adaptive bikes, c. 50 people taking part in each
session),
700+ Mother and Baby l Toddler programme classes {10 to 15 taking part in each class},
1,000 members across the Ride {cycling), Fitness and Play activities,
125+ bookings & events Includlng three National Series cycling events equating to c, 1 Ok vlsltors to Kent
over these weekends with overnight stays and spand delivering over £400.000 economic impact to the
local economy from the National Serles BMX alone.
Bayond th8S8 quantitativ8 stalistics. we also receiv9 numerous positive pieces of f&edback from across our
rang8 of activities such as-
Cyclo4AII: "H has a leaming disability, has begn partially sighted sintre birth and has restricted movement due to
having a stroke 21 years ago. Once a wg8k she att8nds th& Gyclo4AII sessions. The 8rr8ngements made for H
havo been a revelation. I had a quiet cry watching her going around the tr8ck on our first visit and seoing the joy
and froodom this was 9rving her. I still get emotional even now just watching the pleasure on her face. Her self-
estgem has improved no gnd and her mobility too."
Menopausal Weight Tralnlng: "I had been battling breast cancer for a year. Then, when all my fr8atm8nt
finish&d, I was diagnosed with Osteopenla. I slgned up for the menopausal weight trainirpg course, whlch helped
me to leam about ￿ightS and how to use them property and build my confid6nc9. Tho peopla on the course
were amazing too, Once I felt more comfortable, I started doing other Glassps like HIIT. This has h8lped me by
Pag6 6

Cyclopark
(A company Ilmltsd by guarantee)
Trustees. report (contlnued)
For the year ended 31 March 2025
Achievements and performanca (contlnued)
giving me confidence fo work with the weights on my own at the gym, I feel stmnggr and my last scan show8d
my bone densFty hadn¥ got worse which is amazing. l also lova th6 fact that if you need any help, the Instructors
are th&re to guidg you which is brilliant."
Learn2Ride. ljust wanted to say how bnlliant thg coach was on Saturday for my sorl s l.'t lesson. He gtst him
riding a pedal bike in 5 minutes, something w8've been trying for months to dol"
Par6nt & Baby classes: "The P8rent & Baby classes havg been amazlng in supporting n7y Postnatal recovery
after both of mypregnancies. Thg instmctors ar& iinderstandirlg and halpful, and nothlng is too much to ask. The
classes offgr different options dgpendent on your abilty and stage of reGovery, which I found particularty useful
after having two c sections. I honestly don't think I would have recovered as well as I havg done,. physically and
mentally, if it wasn't for these clssses. A safg and inclusiv8 membership for parents, would highly reGommend to
anyone.,
Underpinning the public facing delivery of activities is a continual review of operations to ensure that processes
and procedures are being carried out as efficiently and 8ffectively as possible. This included revlew of historic
supplier contracts resulting in fiv8 figure savings.
Aligned wlth our enabling goal of Exceptional People, our organisational structure has Eieen revlewed and
recruitment mad8 to replace vacal8d and lill new roles. Establishing strong relationships betwe8n a new senior
management team and our key stakeholders has been a focus for Q3 and Q4 and will be us8d as a springboard
to support our income target through both Charitsble fundraising and commercial growth in 2024125.
Financial review
a. Going concern
After making appropriate enqulries, the trustèes have a r8asonable expectstion that the charltable company has
adequate resources to continue in operational exist8nce for the foreseeable future. For this reason, thgy
continu8 to adopt the going concern basis in preparlng the financial statements. Further details regarding th&
adoption of the going con￿rn basis can be found In the accounting policies.
b. Reseryes policy
When considering the level of rese￿aS to be maintained by the Charity, the Board of Trustaes has taken into
account the forecasts of future income, the reliability and sustainability of each source of income and prospects
for forecasts of future expenditure, based on planned activity. The Board has assessed that reserves should be
maintained at £150,000 to allow for up to four months closuro with no income. Any use of the reseNe for
investmant will be subject to a plan to restore the reserve to this level in a short period,
¢. Prfnclpal funding
Our principal funders are Kent County Council from whom we receive our core funding through the Operator
Agreemenl.
d. Financial revlew
The results for the year are set oul on page 15 The charity recorded a net deficlt of £26,928 (2024: net surplus of
£48,490). As a result of this, total funds amounted to £369,959 (2024.. £396,887).
Page 7

Cyclopark
(A company limited by guarantee)
Trustees. report {continu@d)
For the year ended 31 March 2025
stTUCturep governance and management
a. Constitution
The company is reglstered as a charltable company limited by guarante8 and was s8t up by a M8morandum of
Association on 5 September 2011. The company Is constituted under a Memorandum of Assoclatlon dated 5
Sept8mb8r 2011 and is a registered charlty number 1144915.
b. Methods of appolntment or electlon of Trustees
The manaoement of the company is the responsibility of the Trusle8s who are elected and co.opted under the
terms of the Article5 of Association. Directors may be appointed by exlstlng Directors or by members by ordinary
resolution.
C. Pollcles adopted for the induclion and tralnlng of Trustees
Exlstlng Dlrectors of the charity ensure thal new Directors becom8 familiar with their responsibilities and duties.
d. Pay policy for k6y managomont personnel
The Board of Trnjstees aim to pay senior staff e fair salary that Is competitive within the Gharily sector and
proportionat8 to the complexity of each role. The Trustees ar6 responsible. In Ilne with our charitable objectives
based on the following principles set out below..
Meet all national pay standards and provide all pald Staff wlth a Ilvlng wage.
Pay our staff an appropriate salary to altracl 8nd retain p8ople wilh the leadership, experience. knowledge and
skills required.
e. Related party relationshlps
The Charity cooperat8s and liais9S With a number of other advlsory services, local charities and statutory
services. Where one of the Trusle8s holds the position of Trustee or Director within another charity, they may
also be involved in discussions regarding that other charity but not in the ullimate decision Making process.
Page 8

Cyclopark
(A company limlted by guarantee)
Trustees, roport (continued)
For the year ended 31 March 2025
structure, gov8rnanc8 and management (contlnuod)
f. Rlsk management
The Trustees have assessed the major risks to which th8 charitable company Is exposed, In partlcular those
related to the operations and financ8s and are satisfled that systems and procedures are in place to mitigate our
exposure to the major risks. The Trustees recognlse Ihat any major rlsks to which the charity is exposed need lo
be revlewed and systems Put In place to mitigate those risks. To Ihat end th8 charitable company is continually
monitoring and managing Its risk, reviewing risk and ensuring action plans 8re In place to mitigate its k6y rlsk
ar8as.
The principal rlsks and uncertainties idantified by tha charity are as follows.,
Risk Identified
Health & Safety IH&SI: risk of serious injury
or death of vlsitor to the park.
Actlons taken to mltlgate risk
Staff training, safe systems of work. Monltorfng
of near misse5.
All staff hold flrst aid
qualification5, and first aid training is carrled
out on a routine basis.
The safeguarding policy has been updated and
routinely
reviewed to ensure
industry
com
liance.
Appointment of In-house accountant, additional
financlal experience added to the Board,
mont.hly accounts senl to Audit & Rlsk Sub-
committee. External Audltor retalned,
Actlve marketing and promotion procedures.
Work with local community groups to maximise
utili5ation. Monitoring of footfall increase and
income for each area. Use of this informatlon
ror
lannin
meetin
Ensure proactivity in research to ensure events
are on trend and meetlng the needs of the
V751tors. KPI'S set for events and monltorlng and
feedback included.
To be actlve in canvassing for support and offer
suitable value communit
activities.
Cyclopark General Data Protection Regulation
{GDPRI policy put in place to ensure compliance
to UK GDPR r
ulation.
Business plan5 for Investment opportunltles
outside of operational expendlture and
maintenance and prepared and presented to
the Board for a
roval.
Resular meetlngs held to ensure the
ommunicatlon of the Importance of a safety
based culture.
Appolntment of new Chlef Executive Officer to
ensure
the
f unding
and
Stakeholder
engagement to deliver strateslc objectives.
Safeguarding wellbeing of wsitor5 to the
park.
Financial: risk of poor financial planning and
projection, and lack of robust reporting and
credlt control
Entrie5 to Cyclopark do not increase.
No growth in event5
Reduction in external fundlng
Breach of customer data I storage / securrity
Inablllty to grow I develop due to lack of
flnancial resources
Safety of Staff and equipment against
criminal intent
Loss of key employees
Page 9

Cyclopark
(A company limited by guarantee)
Trustees. report (continued)
For Ihe year ended 31 March 2025
Statemont of Trustees, rasponslbllltles
The Trusteas (who are also the directors of the Charity for the purposes of company law} are responsible for
preparing the Trustaes, raport and the financial statements in accordance with applicable law and United
Kingdom Accounllng Standards (United Kingdom G8n8rallyAccepted Accounting Practica).
Company law r8quires tha Tmslees to prepare financial stalements for each financial Under company law, the
Trustees musl nol approve the financial stat8m8nts unless thay are satisfied that they glve a true and falr vl@w of
the state of affairs of the Charity and of its Incoming resource5 and application of resources, including its income
and expendilure, for that period. In preparing these financlal statements, the Trustees are required lo..
select suitable accounting policies and then apply them consistently.
observe the methods and principles of th@ Charities SORP {FRS 102).
make judgments and accounting estlmates that are reasonable and prudent,.
state whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.
prgpare the financlal statements on the oolng concem basls unless It15 Inappropriate to presume that th&
Charity will continue in busin8SS.
The Trust8es ar@ responsible for keeplng adequale accounting records that are sufflclent to show and explain
the Charity's transaclions and disc108e with reasonabl6 accuracy al any time the financial position of the Charity
and enable them to ensure that the financial stalements comply with the Comp8ni8s Act 2006. They are also
responsibl8 for safeguarding the assets of the Charify and hence for taklng reasonable steps for the prevention
and detection of fraud and other irregularities.
DIsGlosure of informatlon to audltors
Each of the persons who are Trustees at the time when this Trust6es' report is approved has confirmed that..
so far as that Trustee is aware, th6r6 is no relevant audit informalion of which the charitls auditors arg
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee In order lo be awar8 of
any relevant audit information and to &stablish that the charity's auditors are aware of that Information,
Auditors
The auditors, Kreslon Reeves LLP. have indicated their willingness to continue in office. Th& designated
Trustees will propose a motion reappointing the auditors at a meeting of the Trustees,
Approved by ordèr of thg mambers of the board of Trustees on
QLk(q(u-
and slgned on tFielr behalf by..
K Lloyd
Chair of Trusto8s
Page 10

Cyclopark
{A company Ilmlted by guarantee)
Ind8pendenl auditors, report to the Members of Cyclopark
Oplnlon
We have audiled the financial statements of Cyclopark (the 'charitable companl) for the year ended 31 March
2025 which comprise trie Ststement of financial aclivilies, the Balance sheet, the Statement of cash flows and
the relaled notes, including a summary of significant accounting policles. The financial r8POrting framework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (United Klngdom Generally Accepted Accounting Practice),
In our opinion the financial statements..
glve a true and fair view of the slate of th8 charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, including its incomg and expenditure for the year then
have been properly pr8par8d In accordance with Unlted Kingdom Generally Accepted Accounting
Practice., and
have been prepared in 8ccordanc6 with the r8quir8m8nls of the Charities Act 2011.
Basis for oplnlon
We conduct8d our audit in accordance with International Standards on Audltlng {UKI IISAS (UK)) and appllcable
law. Our responsibililies under those standards are further described In the Auditors, responsibilities for the audit
of the financial statements s8ction of our report. We are independent of th8 charitable company in accordance
with the ethical r8quirem6nts that are relevant to our audit of the financial statements in the United Kingdom,
including the Flnancial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that th8 audit evidence w8 hav6 obtain8d is
sufficient and appropriate to provide 8 basis for our opinion.
Concluslons relating to golng concern
In auditing the financial statements. we have concluded that the Trustees, use of the golng concem basis of
accounllng in the preparation of the flnancial statements Is appropriale.
Based on the work we have performed, we have not Identlfled any material uncertaintios relating to events or
condrtions that, Individually or collectively, may casl signrficant doubt on the charitable companvs ability to
continu& as a going Concern for a period of at least bM8lv8 months from when the financial ststements are
aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees With respacl to going concern are described in the
relevant sections of this report.
Page11

Cyclopark
(A company Ilmlted by guarant¢e
Independent auditors. report to the Members of Cyclopark (contlnued)
other Information
The other information comprises the Information included in the Annual report other than the financial stalem8nts
and our Auditors, report thereon. The Trustees are responsible for the other infonnation contained within the
Annual report. Our opinion on the financial statements does not cover the oth8r information and, 8XC8Pt to the
extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion ther8on. Our
responsibility Is to read the olher infomation and, in doing so, Consider whether the other information is
malarially inconsistent with the flnanclal statements or our knowlGdge oblained in the course of the audit, or
otherwise appears to be materially misslated. If we identify such mal@rial inconsistencies or apparent material
mlsstatements, we are required lo determine whether this gives rlse to a material misstatement in the financial
statem8nts themselves. If, based on the work we have performed, we conclude that there Is a material
misstatement of this oth8r information, w8 are r8quir8d to report that fact.
We hav8 nothing to report in this regard.
Matlers on whlch we are requlred to report by exception
We have nothing to report in respecl of the following m8tters where the Charities (Accounts and R8POrts}
Regulations 2008 requires us to report to you if. in our opinion..
the Inforrnation given in the Trustees, report is inconsistent in any mat8rial respect Wtth lh& financial
statements., or
sufficient accounting records have not been kept: or
th8 financial statèments are not in agreement with the accounting r8cords and r8turns' or
w& have not receiveLI all the Information and explanations we require for our audit.
Responsibilities of trustees
As explained more fvlly in the Trust8&s' responsibilities stat9ment. the Trustees (who are also the directors of the
charitable company for the purposes of company law} ar8 r@sponsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees det8rmine is necessary to enable the preparation of financlal slatements that are free from material
misstatement, whether du8 to fr8ud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable companls ability
lo continu8 as a going concern, disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidale the charitable company or to cease
operations, or have no realistic alternative but to do so.
Page 12

Cyclopark
{A Company Ilmlted by guarantee)
Independent auditors, raport to the Members of Cyclopark (continued)
Audltors, responslbilltl&s ft)r the audlt of the financial statements
We have been appointed as auditor under section 144 of the Charit18s Acl 2011 and report In accordance with
the Act and relevant regulations made or having eff8Ct thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, wh&thor due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantoe that an audil conducted in
accordance with ISAS (UK} will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the @conomlc decisions of us&rs taken on the basis of these financlal statamants.
Irregularllles. including fraud, are Instances of non-compllance with laws and regulatlons. We design procedures
in line wlth our responsibilities, outlined abov8, to detect material misstatements In respect of itT8gularilies.
including fraud. Th8 8Xtent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Capability of the audrf in d8teGting irregujan'ties, including fraud
Based on our understanding of the Charity and the sector as a whole, and through discussion with the Trustees
and other managament (as required by audiling standards), we identified that the principal risks Df non-
complianc8 with laws and regulations related to safeguardlng, health and saf8ty, 8nti-bribery and employment
law. We consldered the extent to which non-complianc8 might hav8 a material effect on the flnancl81 statements.
We also considered thos& laws and regulations that have a direct Impact on the preparatlon of th8 financial
statemenls such as lh6 Charities SORP IFRS 1021 Second Edltion {relgas8d October 2019). the Companies Act
2006 and other relevant charity legislation. We communicaled identifigd laws and regulations throughout our
team and remained alert to any indications of non-compliance throughout the audit. We evaluated Trustees. and
managem8nt's incentives and opportuniti8s for fraudulenl manipulation of the financial stat@ments (includin9 Ihe
risk of ov&rride of controls) and determined that the principal risks relaled posting inappropriate journal entries to
increase revenue or reduce expenditure, management bias in accounting estimates and judgemental areas of
the financial. Audit procedures performed by thg engagement team included:
Discussions with management and assessment of known or suspected instsnces of non-compliance with
laws and regulation8 (including h&afth and safely) and fraud,
Ass8ssment of identified fraud risk factors- and
Revièw of cash and credit card expendlture to conflrm no evidence of personal beneflt. and
Challenging assumptions and ludgemenls made by management in its significant accounling estimates,,
and
Performing analytical procedures to identlfy any unusual or unexpected r8lalionships, including related
party transactions, that may Indicate risks of material misstatemenl due to fraud. and
Confirmation of related parties with management, and review of transaclions throughout the period to
identify any previously undisclosed transactions with related parties outside the nomial course of
business., and
Reading minutes of meelings of those charged with governance, reviewing internal audit reports and
reviewing correspondence with relevant tax and regulatory 8uthorities,' and
Reviow of significant and unusual transactions and evaluation of the underlying financial rationale
supporting the transaclicns. and
Identlfying and tasting journal entries, in particular any manual entries made at the year and for financlal
ststement preparation. This was carried out with the aid of our dats analytics software Mindbridge.
Page 13

Cyclopark
IA company Ilmlted by guaranlee
Independent audltors, report to the Members of Cyclopark Icontinuod)
As part of an audit in accordanc& with ISAS (UK), w8 8xercis9 professional judgment and malntaln professional
scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financi81 statements. whether due lo fraud or
error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is
sufficient and appropriate lo provide a basis for our opinion. Th8 risk of not detectlng a malarial
misstatement resulting from fraud is higher than for one resultlng from error, as fraud may Involve
collusion. forgery, inlenlional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of intemal control rèlevant to the audit in ordgr to design audlt procedures that
ar8 appropriate in the circumstances, but not for the purpose of expressing an oplnion of the 8ff8Ctiveness
of the charltable companls internal conlrol.
Evaluate the appropriat6ness of accounting policies used and the reasonableness of accounting
estlmates and related disdosures made by th8 Truste&s.
Conclude on the appropriateness of the Trustees. use of the going Goncern basls of accounting and,
based on the audit evldence oblained, whether a material uncertainty exists related to events or conditions
that may cast significant doubt on the charitsble companvs ability to continu@ as a going concern, If we
conclud8 that a rnatarial uncertalnty exists, we are required to draw attentlon in our Auditors, report to the
related disclosures in the financial statements or, if such disclosures are inadequat8, to modify our
opinion. Our conclusions are based on the audlt evidence obtained up to the date of our Auditors, report.
However, future events or condltlons may cause the charitabl8 company to cease to continu8 as a going
concern.
Evaluat8 th8 overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial stat8ments represer)t the underlying transactions and events In a
manner that achieves fair pr&santation.
We communicate with those charged with governance regarding. among othèr mattars. the planned scopa and
timing of the audit and significant audlt flndings, including any slgnlficant deficlencles In Internal control that w&
identify during our audit.
Use of our report
This report is made solely to the charitable companls trustees, as a body. in accordance with Part 4 of the
Charilies (Accounts and Reports) Regulalions 2008. Our audit work has been undertaken so Ihat we might stal
to the charitable comp8nYs Irustees those matters we are required to stale to them in an Auditors, report and for
no other purpose. To the fullest extent permilted by law, we do not accept or assume responsibility to anyone
other than the charitable company and 115 members, as a body, for Dur audit work, for this report, or for tha
opinions we have formed.
￿*￿ cfckp
Samantha Rouse FCCA DChA (Senior statutory audltory
Chartered Accountants
statutory Auditor
Chatham Marifjme
Date. 25 September 2025
Kreston Reeve8 LLP are eligible lo act as auditors in terms of section 1212 of the Companies Act 2006.
Pag8 14

Cyclopark
(A company limited by guarantee)
Statement of financial acllvltles {Incorporatlng Income and expenditure account)
For the year ended 31 March 2025
Restricted Unrestrictod
funds
funds
2025
2025
Total
funds
2025
Totsl
funds
2024
Note
Income from:
Donations and legacles
Charitable activities
Other trading activitias
Investments
34.089
28,525
981,210
248,572
28,760
62,614
981,210
248,572
28,760
105,801
841,488
203,176
24,662
Total Income
34,089
1,287,067
1,321,156
1,175,127
Expenditure on:
Raising funds
Charitabl8 activitigs
179,290
1,136,294
179,290
1,168,794
139,210
987,427
32,500
Total expendlture
32,500
1.315,584
1,348,084
1,126.637
Net movement In funds
1,589
(28.517)
(26,928)
48,490
Reconciliation of funds:
Total funds brought forward
Net movgm@nt in funds
396,887
(28.517)
396,887
(26,928}
348,397
48,490
1,589
Total funds carried forward
1,589
368,370
369,959
396,887
The Statsment of financial actlvities includes all gains and losses recognised in the year.
The notes on pages 19 to 34 form part of these financial statements.
Pag8 15

Cyclopark
(A company limited by guarantee)
Reglstered number. 07762463
Balance sheet
As at 31 March 2025
2025
2D24
Note
Flxed assets
Tangible assets
14
184,605
231,082
184,605
231,082
Current assets
Stocks
Debtors
Cash at bank and In hand
15
8,161
28,926
321,760
3.926
85,844
316.316
358,847
386.086
Creditors: amounts falling due within ono
year
17
(170,730)
(207,0861
Net current assets
188.117
179,000
Total assets less current Ilabllltles
372,722
410,082
Creditors.. amounts falling due after more
than one year
18
(2,763)
(13,195)
Net assets excludlng pension asset
369,959
396,887
Total net assets
369,959
396,887
Charlty funds
Restricted funds
Unrestricted funds
19
19
1,589
368,370
396,887
Total funds
369,959
398,887
The entity was entitled to exemption from audil under sectlon 477 of the Companies Act 2006.
The members have not required the entity to obtsin an audit for the year in question in accordance with section
476 ofthg Companies Act 2006.
However, an audit is required in accordance with section 144 of th8 Charities Act 2011.
The Trusteas acknowledga their responslbllltles for complwng with the requirements of the Act with resp8ct to
accounling records and preparation of financial statements.
The financial statements have been prepared In accordance with the provisions applicable to enlities subjact to
the small companies regim&.
The financial statements were approved and authorised for issue by the Trustees and sign8d on their behalf by:
Page 16

Cyclopark
(A company limited by guarant88)
Registered number: 07762463
Balance sheet (continued)
As at 31 March 2025
K Lloyd
(Chair of Trustees)
Date.,
The notes on pages 19 to 34 form part of these financial statements.
Page 17

Cyclopark
(A company Ilmlted by guarantee)
Statement of cash flows
For the year ended 31 March 2025
2025
2024
Cash flows from operatlng actlvitles
Net cash generated by operating activities
21
38,994
100,231
Cash flows from Investlng activities
Dividends, interests and rents from Investments
Purchase of tangible fixed assets
28,760
24,662
{52,280) {101,748)
Net cash used in investing actlvltles
{23,520)
(77,086)
Cash flows from financing aclivitl8S
Repayments of borrowing
{10,030)
{10,069}
Net cash used in financing activltles
(10,030)
(10,069)
Change In cash and cash equlvalents in the year
Cash and cash equivalent8 at the beginning of the year
5,444
13,076
316,316
303,240
Cash and cash equivalents at the end of the year
321,760
316,316
The notes on pages 19 to 34 form parl of these financial statements
Page 18

Cyclopark
(A Company Ilmlted by guarantse)
Notes to the financlal statements
For Ihe year end8d 31 March 2025
General Informatlon
Cyclopark is a company liinited by guarantee (reglstered number 07762463) which is incorporated and
domiciled in England. It Is also registered as a charity wih the Charity Commission {registered number
1144915). The adress of the registered office is Watling Street, Gravesend, Kent, DA117NP,
Acoountlng policios
2.1 Basis of preparation of flnanclal statements
The financial statements have been prepared in accordance with tho Charities SORP IFRS 1021
Accounting and Reporiing by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporllng Standard applicable in the UK
and R8public of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
appllcable In the UK and Republlc of Ireland IFRS 102) and the Compani8s Act 2006.
Cyclopark m88ts the definition of a public beneflt entlty under FRS 102. Assgts and Ilabilities are
initially recogni5ed at historical cost or transactlon value unlass otherwis8 St8ted in the relevant
accounting policy.
2.2 Incom6
All income is recognised once th8 Charity has entitlement to the income, it is probable that the
incomg will be received and the amount of income receivable can be measured reliably.
Grants are includ&d in the Statgment of financial activities on a receivable basis. The balance of
incc>me receiv8d for 8p8cific purposes but nol expended durlng the perlod is shown in th8 relevant
funds on the Balance sheet. Where income is recelved in advance of 8ntitlem8nt of receipt, its
recognition Is deferred and included in cr8ditors as deferr9d income. Where entitlement occurs
before income is recgiv.ed, th8 incom6 is accnjed.
Other income is recognised In the period in which il is receivable and to the extent the goods have
been providad or on completion of the servic8.
2.3 Expenditure
Expenditure is recognised onc8 there is a legal or constructive obligation to transfer economic benefit
to a third party, tt is probable that 8 transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is clasÈifi@d by activity. The costs
of each activity ara made up of the total of direct costs and shared costs, Including support costs
involved in undertaking each activity. Direct costs atlrlbutable to a single actlvity are allocated directly
to that activity, Shared costs which contributo lo more than one activity and support costs which are
not attributable to a single aclivity are apportioned between those activities on a basls consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depre¢ialion
charges 8lloc8lsd on the portion of the asset's use.
Expenditure on charitable activilies is incurred on directly undertaking the 8clivitles which further the
Charitys objectives, as well as any associated support costs.
Grants payable are charged in the year when the off6r is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grant5 offered subject to conditions which have nol been m&t at the year end are noted as a
commltment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 19

Cyclopark
{A company Ilmlted by guarantee)
Notes to the flnanclal statements
For the year ended 31 March 2025
AGcountlng poll¢les (continued)
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity,. this is normally upon notification of the interest pald or payable by the
institution with whom the funds are deposited.
2.5 Taxation
The Charily is considered to pass the tests set out in Paragraph 1 Sch@dul8 6 of th8 Finance Act
2010 and th8r@for8 It m8ets tha definition of a charltable compeny for UK corporatlon tax purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capltal galns
received within categories covered by Ch8Pter 3 Part 11 of the Corporalion Tax Act 2010 or Se 256
of th8 Taxation of Chargeable Gains Act 1992, to the extent that such Incom8 or gains are applied
exclusively to charitab18 purposes.
2.6 Tanglble flxed assets and depreciation
Tangible fixed assets costing £500 or more are C8Pltalised and recognised whon future economic
benefits are probable and the cost or value of the assel can be measured reliably.
Tangible fixed assets are initially r8cognised at txjst. After recognition. undar the cost model, tsnglble
flxed assets are measured at cost less accumulaled depreciation and any accumulat8d impairment
losses. All costs incurr8d to bring a tangible flxed asset Into its intended worklng condltlon should be
included in the m8asur8m8nl of cosl.
Depreciation is charged so as to allocate the cost of tanglble fixed assets less their residual value
Over th8ir eslimated useful lives. using th8 Straight-lina method.
Deprecialion is provided on the following basis:
Fixtures & fittings
Equipment
Improvaments to property
25% straight line
25 /0 Straight line
25Vo Straight line
2.7 Slocks
stocks are valued at the Iow8r of cost and net reallsable valu8 after making due allowance for
obsolete and slow-moving slocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.8 Deblors
Trade and other dobtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
2.9 Cash at bank and In hand
Cash at bank and in hand includes cash and short-tgrm highly liquid investm8nts with a short maturily
of three months or less from the date of acquislllon or opening of the deposit or similar account.
Page 20

Cyclopark
(A company limited by guarantee)
Notes to thè financial statem8nts
For the year ended 31 March 2025
Accounting policies (continued)
2.10 Liabillties and provlslons
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
8V8nl, it is probable that a transfer of economic benefit will be required in seltlement, and the amount
of the settlement can be estimatod roliably.
Liabllities are recognised at the amount that the Charity anlicipates it wlll pay to settle the debt or the
arnount it has received as advanced payments for the goods or servlces it must provide.
Provislons are measured at the best estimale of the amounls required to settle the obligation. Where
the effect of the tlme value of money is material, the provision is based on the present value of those
amounts, discounted at th@ pr8-tax discount rat8 that r8fl8Cts th8 risks specific to the liabllty. The
unwinding of the discount is recognis8d in the Slatem8nt of financial activities as a finance cost.
2.11 Financial instruments
The Charity Only has financial assets and financial liabilities of a kind that qualify as basic financial
instrumenls. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their Settlement value wtth the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.12 Operating1gas&s
Rentals paid under operating leases are charged to the Statement of financlal actlvlties on a straight-
ling basis over the lease term.
2.13 Penslons
Th8 charitable company operates a defined contribution pension scheme. Contributions payable to
the charitable company's pension scheme are charged to the Statement of Financial Activities in the
period to which they relate,
2.14 Fund accounling
General funds are unrestricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which havg not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictlons imposed by
donors or which have been raised by the Char5ty for particular purposes. The costs of raising and
administerfng such funds are charged against the specific fund, The aim and use of each reslrtcted
fund is set out in the notes to the financial statements,
Investmenl income, gains and losses are allocated to the appropriate fund.
Income from donations and 18gaci8s
Restrlcted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Page 21

Cyclopark
(A company Ilmlted by guarantee)
Notes to the flnanclal statements
For the year ended 31 March 2025
Income from donations and legacles (contlnued)
Restrlcted Unrestrlcted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Donations
7,320
21,205
7,320
55,294
4,916
100,885
Grants
34,089
34,089
28,525
62,614
105,801
Total 2024
62,500
43,301
105,801
Income from charitable activities
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Recreational actirivies - Op&ration of cycle park
981,210
981,210
841,488
Total 2024
841,488
841,488
Income from other tradlng actlvlties
Income from non charitab16 trading actlvltles
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Cafe income
248,572
248,572
203,176
Total 2024
203,176
203,176
Inv8stment income
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2D24
Page 22

Cyclopark
(A company limlted by guarantee)
Notes to the flnanclal statements
For tha year ended 31 March 2025
Investment income (continued)
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Rentsl income
Bank interest receiv8d
22,783
5,977
22,783
5,977
22,504
2,158
28,760
28.760
24.662
Total 2024
24,662
24,662
Expenditure on ralslng funds
other trading oxpenses
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Purchases
98,529
80,761
98,529
80,761
69.786
69,424
Trading account staff costs
179.290
179,290
139,210
Tolal 2024
139,210
139,210
Page 23

Cyclopark
(A company limited by guarantee)
Notes to th8 financial statements
For the year ended 31 March 2025
Analysls of grants
Grants to
Individuals
2025
Total
funds
2025
Total
funds
2Q24
Awards and Grants
1.708
1,708
1,126
Tctal 2024
1.126
1,126
Analysis of expenditure on charitable activities
Summary by fund type
Restrlcled Unrestrlcted
funds
funds
2025
2025
Total
2025
Total
2024
R8creational aclirivies - Operation of cycle
park
Awards and Grants
32.500
1,134.586
1,708
1,167.086
1.708
986,301
1,126
32.500
1,136,294
1,168.794
987,427
Totsl 2024
987,427
987,427
10. Analysls of expendlture by actlvltles
Activities
undertaken
dir&ctly
2025
Grant
funding of
activiti88
2025
Support
costs
2025
Total
funds
2025
Total
funds
2024
Recreational activities
Operation of cycle park
Awards and Grants
918,746
248,340
1,167,086
1,708
986,301
1,126
1,708
918,746
1,708
248,340
1,168,794
987,427
Totsl 2024
783,363
1,126
202,938
987,427
Page 24

Cyclopark
{A company Ilmlted by guarant8a)
Notes to the flnancial statèments
For the year ended 31 March 2025
10. Analysls of expenditure by actlvltles (contlnuod)
Analysis of dir8Ct costs
Total
funds
2025
Total
fvnds
2Q24
Activities
2025
Staff costs
Depreciation
Insurance
Premises costs
Consumables
Irrecoverable VAT
Coachlng costs
Equipment costs
Other staff costs
Bad debts write off
Processing and bank charges
371,710
98,757
26,562
222,176
10.936
29.431
85,823
46,622
7,934
60
18,735
371.710
98,757
26,562
222,176
10,936
29,431
85,823
46,622
7,934
60
255,196
95,909
24,527
198,053
8,496
33,084
65,082
59,834
14,165
333
18,735
28,684
918,746
918,746
783,363
Total 2024
783,363
783,363
Analysis of support costs
Total
funds
2025
Total
funds
2024
Activities
2025
Staff costs
Marketing
Securlty
Professional fees
Auditors, remunaration
Accounting and 8dmlnistration
209,947
8,927
196
7,133
12,900
9,237
209,947
8,927
196
7,133
12,900
9,237
167,933
6,945
208
7,777
12,600
7,475
248,340
248,340
202,938
Total 2024
202,938
202,938
Pag8 25

Cyclopark
(A company limited by guarant881
Notes to tho financial statgments
For tho year ended 31 March 2025
11.
Audltors, r8mun8rallon
2025
2024
Fees payable to the Charivs auditor for the audit of the Charity's 8nnual
accounts
12,900
12,600
Fees payable to the Charivs auditor in wspact of:
All non-audit s8rvic6s not included 8bove
1,500
2,200
12. Staff costs
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schem8S
616,626
37,339
8,453
464,384
21,983
6,186
662,418
492,553
The average number of persons ernployed by the Charity during the year was as follows..
2025
2024
Management
Operalions
Fieception
10
32
10
32
52
46
The average headcount 6xpr6ssod as full-time equival8nts was,,
2025
No.
2024
Management
Operations
Reception
12
13
22
20
The number of employees whose employee benefits (excluding employer pension costs> ex￿eded
£60,000 was,.
2025
2024
In the band £80,001- £90,000
Page 26

Cyclopark
IA company limited by guarant88}
Notes to the financial statements
For the yéar ended 31 March 2025
13.
Trustees. remun8ralion and expenses
During the year, no Trustees recgived any remuneratlon or olher bgn8fils (2024- £NIL>.
During th8 year ended 31 March 2025, no Trustee expense5 have been incurred (2024- £NIL).
14. Tanglble flxed assets
Improve-
ments to
property Equlpment
Assets
Flxtures and
under
fittings construction
Total
Cost or valuatlon
At 1 April 2024
Additions
Disposals
78,203
265,239
5,227
(8,984)
211,833
41,390
(76,902)
555,275
52.280
(85,886)
5,663
At 31 March 2025
78,203
261,482
176,321
5,663
521,669
Depre¢latlon
At 1 April 2024
Charge for Ihe year
On disposals
68,428
9,775
132,116
50,073
(8,984)
123,649
38,909
(76,902)
324,193
98,757
(85,886)
At 31 March 2025
78,203
173,205
85,656
337,064
Net hook value
At 31 March 2025
88,277
90,665
5,663
184,605
At 31 March 2024
9,775
133.123
88.184
231,082
15. stocks
2025
2024
Finished goods and goods for resale
8.161
3,926
Page 27

Cyclopark
(A company Ilmlted by guarantee)
Notes to the flnancial statements
For the year ended 31 March 2025
18. Debtors
2025
2024
Due wlthln one year
Trade deblors
Other debtors
Prepayments and accrued income
14,137
3,320
11,469
46,867
2,755
16,222
28,926
65,844
Page 28

Cyclopark
(A company Ilmlted by guarantea)
Notes to the financlal statements
For the year ended 31 March 2025
17. Cr8dltors: Amounts falllng due wlthin one year
2025
2024
Bank loans
Trade creditors
other taxation and social security
Pension fund loan payable
Accruals and deferred income
10,323
88,646
12,317
1,762
57,682
10,070
59,076
30,868
1,718
105.354
170,730
207,086
18.
Credltors: Amounts falllng due after mor8 than on8 year
2025
2024
other credltors
2.763
13,195
Page 29

Cyclopark
{A company limited by guarantee)
Notes to the financlal statements
For tho year 8nd8d 31 March 2025
19. Slatement of funds
statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Income Expendlture
Unrestricted funds
General fund
396,887
1,287,067 {1,315,584)
368,370
Reslrlcted funds
Cotyer Ferguson
Age UK- Chair Fit
Kent Community Foundation
Grav@sham BC - UK Shared Prosperity Fund
20,000
5,000
7,500
1,589
{20,000)
15,000)
17,500)
1,589
34,089
(32,500)
1,589
Total of funds
396,887
1,321,156 11,348,084)
369,959
Colyer Ferguson Colyer Ferguson Charitable Trust Funds for the pilot d81iv8ry of Movement Not Meds
{medication) providing bespok& activity programmes to those living with long term medical conditions and
struggling lo make ends meet.
Age UKIKCC Innovation Fund - Funds to deliver Chair Fit & Chat classes to support those living with
dementia 8nd their carers to disGover the power of group excerslse and socialisation.
Kent Community FoundationlPartig8r Trust - Funds to deliver Chair Fit and Chat classes to support
those aged 65+ to discover the power of groLAP exercise and socialisation.
Gravesham BCIUK Shared Prosperity Fund - Funds to deliver a programme to empower individuals
suffering from long-temi pain to utilise axercise as a method of pain management.
Page 30

Cyclopark
(A Company Ilmlted by guarantse)
Notes to the financlal statements
For Ihe year end8d 31 March 2025
19. Statement of funds (contlnued)
Statement of funds - prlor year
Balance at
31 March
2024
Balance al
1 April 2023
Transfers
inlout
Income Expenditure
Unrestricled funds
Deslgnated funds
Sinking Designated funds
S0,OOD
(50.0001
General funds
General fund
288,397
1,112,627 {1,126,637}
122.500
396,887
Tolal Unrestrl¢ted funds
338.397
1,112,627 (1,126,637)
72,500
396,887
Restricted funds
Kent Community Fund - Skllls
Area Grant
Highways - Cycloland
Extenslon
10,000
(10,000)
62,500
{62,500)
10.000
62.500
(72,500)
Total of funds
348,397
1,175,127 (1.126,6371
396,887
Page31

Cy¢lopark
(A company limited b'y guarant68)
Notes to the financial statements
For tha year énded 31 March 2025
20. Summary of funds
Summary offunds - current year
Balance at
31 March
2025
Balance at 1
Aprll 2024
Income Expondlture
General funds
R@stricted funds
396,887
1,287.067 (1,315,584)
34.089
(32,500)
368,370
1,589
396,887
1,321,156 (1,348,084
369,959
Summary offunds . prlor year
Balance at
31 March
2024
Balance at
1 April 2023
Transfers
inlout
Income Expenditure
Designal8d funds
General funds
Restricted knnds
50,000
288.397
10,000
(50,000)
122,500
{72,500)
1,112,627 (1.126,637)
62,500
396,887
348,397
1.175,127
(1,126,637)
396,887
21. Analysls of net assets between funds
AnaIysis of net assets between funds - current year
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in mora than one year
Diff6rance
184,605
184.605
358,847
358,847
(170,730) (170,730)
(2,763)
(2,763)
{1.589)
1,589
Total
1,589
368,370
369,959
Page 32

Cyclopark
(A company limited by guarante0}
Notes to the financial statements
For the year ended 31 March 2025
21. Analysis of net assets bètween funds (Contlnued)
Analysls of net assets between funds - prlor year
Unreslricted
funds
2024
Total
funds
2024
Tangible fixed assets
Currenl assets
Creditors due within one year
Creditors due in more than one year
231,082
231,082
386,086
386,086
(207.086) (2Q7,086)
113,1951
{13,195)
396,887
396,887
Total
22.
Reconciliatlon of net movement In funds to net cash flow from operating activitias
2025
2024
Net incomelexpenditure for the year (as per Statemenl of Financial
Activitl8sI
{26.928)
48.490
Adjustments for:
Depreciation charges
Divldends. intgrests and rents frorn investments
Increase in stocks
Decreasel{increase} in debtors
Increaselldecreasel in creditors
98,757
(28,760}
(4,235)
36,918
{36,758)
95,910
124,662}
{229)
(34,128)
14,850
Net cash provided by operating activities
38.994
100,231
23. Analysis of cash and cash oqulvalents
2025
2024
Cash In hand
321,760
316,316
Total cash and cash equivalents
321.760
316,316
Page 33

Cyclopark
(A company Ilmited by guarantee)
Notes to the financlal statements
For the y8ar ended 31 March 2025
24. Analysls of changes In nel debt
At 1 Aprll
2024 Cash flows
At 31 March
2025
Cash at b8nk and in hand
Debt due within 1 year
316,316
{11.788>
321,760
(12,085)
{297)
304,528
5,147
309,67S
25. Penslon commitments
The chartty operatas a defined contributions perision scheme. The assets of the schem8 ar8 held
separalely from those of charity In an independently administered fund. The penslon cost charg8
represents contrlbutions payable by th8 charlty to the fund and amounted to £8.453 (2024.. £6,186}.
26. Operallng lease commitments
At 31 March 2025 the Charlty had commitments to make future minimum lease payrrents under non-
cancellable operating leases as follows,.
2024
Restated
2025
Not laler than 1 year
Lal8r than 1 year and not later than 5 years
Later than 5 y8ars
34,300
137,200
68,600
30,600
122,400
91,800
240,100
244,800
27. Related party transactlons
There have been no related party transactions during the financial year (2024.. £523). As at 31 March
2025, there are no balances oulstanding with any related parties {2024: £Nil).
Page 34