**Annual Report and Financial Statements** 2019–2021
**(Covering the period 1 October 2019–31 March 2021)**
Cyclists’ Touring Club, operating as Cycling UK
Cyclists’ Touring Club (CTC) a company limited by guarantee, registered in England no: 25185 Registered as a charity in England and Wales charity no: 1147607 and in Scotland charity no: sco42541
## Our values
We **support** each other, value the power in We are one **Collaborating** combining our personal qualities, expertise, **as One Team** team delivering and enthusiasm to drive **innovation** and get lasting change more people cycling.
We **unite** everyone in the cycling movement with a common goal of making it an activity accessible to millions more people. We **partner** with and **learn** from others.
Together we inspire, educate, **Enabling the** and equip more **movement** people to cycle more often
We **equip** , lead, **educate** , and **inspire** others to find their voice.
Everyone should be able to share the **joys** of cycling and unlock that **fun** , **freedom** , and **adventure** .
Cycling can **Believing** transform lives **in better** and communities
We believe cycling can be highly affordable, **convenient** , and a **healthy** way to travel. We want to highlight the life enhancing **benefits** that cycling can bring to individuals, communities, and the environment.
**Equality** , **diversity** , and **inclusion** is core and fundamental to our work.
We enable those **Cycling for all** less likely to be able to cycle
We push back on barriers, **inspire** , **equip** , **educate** , and work with others to find solutions.
We are **transparent** and **accountable** , and strive to continually improve by being open and responsive.
We are the **Being brilliant** experts, eager to learn more
We provide a human touch to deliver the best services with simple, **efficient** processes.
## Contents
Our values 1 Introduction Let’s make a better world by bike 5 7 A five-year ambition for change Expand our behaviour change programmes 8 19 Influence a wider range of people Grow a bigger, more diverse volunteer network 27 Collaborate more 31 Be more responsive to the needs of different places 34 Improve the way we engage with groups 37 Grow and diversify our income 39 What we said we’d do in 2019–2021 41 Our aims for 2021–2022 44 Key partners 45 Financial summary 46 Governance summary 49 Independent auditor’s report to the trustees and members of Cyclists’ Touring Club 53 Consolidated Financial Statements and Notes to the Accounts 55 Legal and administrative information 81
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Cycling UK Annual Report and Financial Statements 2019–21
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## Sarah Mitchell Chief Executive
It’s impossible to review the last eighteen months without considering the impact of the worldwide pandemic. It’s dominated all of our lives and forced us all to change the way we live and work.
But of course, that’s simply not been possible and we’ve had to ask all staff to remain at home for their own protection and to prevent the spread of the virus. Like many other charities we have been grappling with technology and patchy wifi to keep running.
But we shouldn’t forget also the incredible impact of the Black Lives Matter protests last year. These prompted us to reflect as an organisation on what more we can do to promote an inclusive culture in our organisation and in cycling.
Sadly, we also witnessed further evidence of the impact of the climate crisis around the world, bringing home the important role of cycling in developing a net zero carbon future.
This has had a big financial impact, as it has for many other charities. But we have also seen our teams and our volunteers at their very best, coming up with creative ways to keep communities cycling, constantly adapting to changing regulations and doing all that we can to keep those who cycle and our colleagues, safe and healthy.
I joined Cycling UK during this turbulent period and witnessed first-hand the incredible flexibility and adjustment of our staff and our members to rapid-paced changes.
We’ve all been inspired to see the numbers of people cycling soar in 2020. And with the light shining clearly at the end of the tunnel now, we’re confident we’re in a great place to ensure the humble cycle plays a central role in our bright, new future.
Many of our programmes and projects rely on our teams being able to travel to locations across the UK, providing hands-on training, inspiration and advice.
## Dr Janet Atherton OBE Chair of Trustees
Cycling is a solution for so many of our challenges as a society – it’s great for our health, both physically and mentally.
Change is never easy, but if the last 18 months have taught us anything, it’s that it can come about when you least expect it, and we need to be ready to seize opportunities even if they come from the most unlikely places. It has been a tough period for everyone involved with the charity. But our staff and members have done an amazing job sharing the cycling community spirit – welcoming and supporting many new riders virtually even when we haven’t been able to ride together.
More people getting round on bikes leads to better air quality and reduces motor traffic congestion, which has the potential to make our overcrowded towns and cities better places to live for everyone – whether they choose to cycle or not.
And yet, like tackling a tough climb, many cycle campaigners would say that working to enable more people to cycle can at times feel like an uphill struggle with cycling levels having remained stubbornly low over recent years. Until the last 18 months. Watching families and key workers out cycling has been a rare joyous moment in an 18-month period marred by a devastating virus. It showed us that, with the right conditions, more people will happily cycle.
I would like to say a huge thank you to our members, volunteers and wide array of stakeholders who have helped us to continue to deliver in the last 18 months. It’s not been easy but we are in a good position to emerge from the pandemic stronger and I’m optimistic that many more of us will be pedalling towards a brighter future together.
Our challenge now is to build on this and help these new riders keep riding and attract yet more people from every background to join them.
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## Let’s make a better world by bike
Imagine a country where cycling is a safe and natural way most people choose to move around. Imagine a country where air pollution is no longer poisoning our children, obesity has been eliminated and our towns and cities are free of traffic congestion.
This is the vision we cherish at Cycling UK. Cycling is thrilling, fun, spirit-lifting and accessible. It makes us healthier, happier and the more people who do it, the more our communities will thrive.
cycling and walking, backed by a promise of £2bn in funding over the next five years.
This included an immediate £250m for active travel in England to help councils reallocate road space for cycling and walking during the pandemic. In Scotland, the Scottish Government funded £38.97m for a similar Spaces for People scheme.
Unfortunately, 2020 was like no other year. The coronavirus pandemic affected everyone’s lives and curtailed many of the charitable activities we had planned.
Local authorities used the money for temporary cycle lanes to keep cycle users safe from motor traffic and Cycling UK supported both the Westminster and Holyrood governments with schemes to bring people’s bikes back into serviceable use.
And yet with these challenges, new opportunities arose.
Cycling levels increased by up to 400% at the height of the first national lockdown as people took to their bikes for exercise, to spend time with their families and to move around while avoiding public transport.
We expanded our Big Bike Revival programme to target key workers, workplaces and in schools offering Dr Bikes alongside Bikeability training, while membership rose to its highest ever level with more than 70,000 people now part of the Cycling UK movement.
The average age of new joiners is five years younger over the last 12 months
In response, governments across the four nations of the UK strengthened their commitments to cycling, with new money being announced for cycle lanes and low traffic neighbourhoods to encourage people to keep cycling and walking.
To help essential workers keep on the move with peace of mind, we offered a free membership to health and social care key workers and launched Back on your Bike,
In Westminster, the Department for Transport published its historic Gear Change report, setting out plans to boost
70,400
3,000 30%
Membership
Three-month memberships were given free to 3,000 health and social care key workers
Nearly 30% of our members are female, up nearly 10% from last year
company where the pandemic significantly reduced cycling holidays and touring.
our first membership aimed at new or less confident cyclists.
We won success on design standards for cycling infrastructure, had our suggested revisions incorporated into a new draft of the Highway Code and opened up the 350km circular King Alfred’s Way bikepacking route.
Whilst investment in some areas has continued, including for our digital strategy, fundraising and support services, other planned investment to support the scaling and development of the organisation to deliver against our strategic ambitions had to be paused.
And for the first time, we now have staff in all four nations of the UK with engagement officers operating in Wales and Northern Ireland, in addition to an expanding workforce in Scotland, building relationships with stakeholders, securing funding to deliver projects, and making us more relevant across the whole of the UK.
And while we did take advantage of support Cycling is thrilling, provided by government initiatives, including fun, spirit-lifting the Job Retention Scheme, our financial and accessible. It statements highlight an operating deficit over the period from 1 October 2019 to 31 March makes us healthier, 2021. It was also during this period that happier and the we changed our accounting reference date more people who to revert to a year end date of 31 March to more closely align our financial year with do it, the more that of many other organisations. our communities No doubt it’s been a tough 18 months with will thrive.
In response to the pandemic and changing organisational needs, we continued to manage a complex financial landscape.
No doubt it’s been a tough 18 months with some difficult challenges but cycling hasn’t been so popular since the post-war years. And as the world starts to rebuild after the devastation caused by the pandemic, we believe there’s never been a better time to make a better world by bike.
Although we received additional restricted funding from the Department for Transport and Transport Scotland to expand programmes across the nations, other income streams reduced and we had to scale back or delay activity in some areas, including within our Holidays and Tours
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## A five-year ambition for change
Cycling UK is halfway through a five-year strategy for change in which it aims to enable millions more people to cycle.
At the heart of the strategy is a plan to grow and diversify our income, develop our organisation and attract more members while providing more opportunities for members to become involved in the cycling movement.
## **To achieve these goals, the charity focused on six core areas:**
Grow a bigger, more diverse volunteer network
## Collaborate more
Influence a wider range of people
Improve the way we engage with groups
Expand our behaviour change programmes
Be more responsive to the needs of different places
## Expand our behaviour change programmes
At the core of Cycling UK’s charitable mission is its behaviour change work, focused on encouraging, inspiring and supporting more people to cycle by helping them overcome their barriers to cycling.
In August 2020, Cycling UK rolled out Dr Bike sessions in the community and workplaces in England, providing pop-up mechanic services for everyone.
Although our programmes were severely disrupted by the coronavirus pandemic, it also presented opportunities to reach new people who returned to using their bikes because of the virus.
7,807
At the same time in Scotland, Cycling UK delivered a Scotland Cycle Repair Scheme on behalf of the Scottish government, providing free repairs and maintenance to thousands of people across the nation.
Plans for our Big Bike Revival programme, fixing old bikes and encouraging people to rediscover cycling, had to be revised at short notice in both England and Scotland.
key workers reached in England
Funded by the Department for Transport in England and Transport Scotland, Cycling UK launched the Big Bike Revival for Key Workers in May 2020.
## 3,419
From October 2020, we also provided Dr Bike repair and service sessions in schools for the first time, fixing up bikes for young people to allow them to participate in the confidence-boosting Bikeability cycle training scheme.
key workers reached in Scotland
The aim was to help key workers travel to work by bike where they wished to avoid public transport because of the risk of contracting the virus.
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7,535
We provided a bike fix,
free equipment or bike or
equipment loan to 4,116
key workers in England
and 3,419 key workers
in Scotland
**----- End of picture text -----**
> Cycling UK Annual Report and Financial Statements 2019–21 Page 8
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## **BBR for Key Workers**
Cycling UK launched free essential cycling services and repairs for key workers across England and Scotland in April 2020, adapting its existing Big Bike Revival model.
It was delivered by bike shops and mechanics’ workshops through funding from the Department for Transport and Transport Scotland.
_Carol Richardson works as a midwife at the Queen Alexandra Hospital in Portsmouth and cycles to work._
Through the scheme key workers on the frontline in the fight against coronavirus were able to access free bicycle repairs, loans and equipment.
A&E nurse practitioner Claire Moceivei, 34, from East Lothian, had her bike serviced for free by A Wee Pedal through the Big Bike Revival for Key Workers Scheme allowing her to continue to commute to her job delivering frontline health care at the Royal Infirmary of Edinburgh.
She said: “It’s just four miles cycling to work, I love it. On my way home, it’s nice down time.
Normally I think it costs me an average of about £50 to get my bike serviced, so obviously it saves money, but you also could tell that [A Wee Pedal] actually took pride in doing it as well, which was really nice.“
## 62%
## 70%
80%
of people reached in England were non-regular cyclists
More than 80% said access to a bike has improved their health and wellbeing (Scotland)
More than 70% of key workers who responded said they have used their bike to replace car journeys (Scotland)
Student nurse Lucy Wilcox, 21, should have been revising for her final exams but found herself working 13-hour shifts on a Covid ward at Southampton General Hospital.
With public transport proving unreliable during the first national lockdown, she was able to purchase a discounted bike from Monty’s Bike Hub as part of the Big Bike Revival for Key Workers project.
I am able to leave straight away [after work] and not have to rely on waiting for public transport. It gives me time to think about everything that has happened in the day and I ride through some nice parkland on my way home as well. I thought I would be exhausted given the long shifts I am working but I always have the energy to ride home.”
She said: “Being able to cycle has made all the difference, as I no longer worry about being late for the nursing handover which allows me to give the best care to all my patients.
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## **Big Bike Revival**
82,398 people reached through the BBR programme
54,182
people reached through BBR events in communities and workplaces ([*] England only)
2,222
people reached through Dr Bike Bikeability sessions ([*] England only)
2,540
Dr Bike events delivered in the community and workplace and 60 delivered in schools at Bikeability events ([*] England only)
248
schools have been engaged with the Dr Bike Bikeability scheme ([*] England only)
13,468
107 workplaces engaged with BBR in the worplace ([*] England only)
41
Radiographer Danny Blair, 39, received a folding bike to commute to Aintree Hospital through Cycling UK’s Big Bike Revival project in partnership with HYPE Urban Bikes, a social enterprise in Birkenhead.
He used the bike to make the 15-mile round trip from his home to the hospital for his shifts during the pandemic.
Danny said: “I didn’t realise just how much of a positive effect on your physical and mental health riding to work had. It’s amazing.
When I get through the door (at home) my mind is a lot more settled. My wife is a DJ and so her work has been cancelled. She has been at home all day with our three small children, and so when I come back after that bike ride, I feel much less stressed and ready to help with the family.”
## **Ministerial visit**
With ministerial visits in England ruled out during the pandemic, cycling minister Chris Heaton-Harris was still keen to see how the Big Bike Revival for Key Workers was working.
Using a video conference service, he was able to speak to Cycling UK’s director of behaviour change, James Scott, Cycling UK’s head of behaviour change in England, Jenny Box and Matt Houghton, managing director of Hype Urban Bikes in Merseyside.
Meanwhile, the Scottish Government transport minister, Michael Matheson visited Bike for Good in Glasgow to officially launch the Scotland Cycle Repair Scheme, which was run by Cycling UK.
We’re grateful to those people who are working round the clock to help beat Covid-19, and we want to do everything we can to ensure they’re still able to get to work safely.
_Cycling Minister for England, Chris Heaton-Harris_
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **Scotland Cycle Repair Scheme**
Cycling UK developed and launched a flagship Scottish government active travel response to Covid-19, offering over 30,000 free bike repairs worth up to £50 across the nation.
## £1.5 million
314
There were 314 bike repair organisations participating
The total cost of the scheme was £1.5 million
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30,000
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More than 30,000 repairs were carried out
## **Community Cycle Clubs**
Our Community Cycle Clubs were set up to provide additional support to people to keep them cycling after they attended their first Big Bike Revival event.
Although our activity around our community cycle clubs has been limited because of the pandemic, we now have 104 active clubs in England.
Our community clubs are at the heart of our programme to bring about sustained change and to encourage more people to cycle.
Thanks to Sport England funding of £150,000 provided through its Tackling Inequalities Fund, a further 37 clubs were funded across England. This work will continue into 2021–22 following the provision of a further £150,000.
## 127
There are104 Community Cycle Clubs in England and 23 in Scotland
**713** sessions were run in England
**3,556** people took part in England
**43%** of participants in England were female
**49.5%** of beneficiaries from ethnic minority groups in England
## **A poll of 3,689 people who’d used the scheme found:**
**62%** were using their cars less and choosing the bike instead
**67%** said the bike repair had helped them increase the amount of exercise they took
**40%** of respondents had not previously been regular cyclists
Punctures and a rusty chain had spelled the end of cycling for David Cody, a student from Dalmarnock in the east of Glasgow, until the Scotland Cycle Repair Scheme put him back in the saddle.
He used his bike to get around and to improve his fitness. But although his bike was in reasonable condition when he bought it, wear and tear, along with punctures acquired along the way put it out of action.
During the lockdown, David wanted to avoid public transport, but without the bike he was limited to walking for essential journeys.
He said: “I wasn’t eligible for any sources of income support, like the furlough or self-employment scheme. I wouldn’t have been able to afford to get my bike fixed without the scheme.
It was brilliant being back on the bike, even having the first ride back home from the shop gave me a sense of freedom after only being on foot since lockdown.”
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## **The Real** Yellow Jersey
In the Tour de France, the yellow jersey has been worn by the overall leader since its introduction to the race in 1919.
~~“The Real Yellow Jersey for the everyday heroes of cycling really shines a light on how cycling can turn lives around, improving health, ftness and wellbeing and I applaud all the recipients for their achievements”~~
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- Chris Boardman, Yellow Jersey wearer and three time stage winner, Tour de France
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Real Yellow Jerseys were presented to 10 everyday heroes; people who’ve transformed their lives through cycling and Cycling UK’s Big Bike Revival programme.
It is an iconic sporting symbol recognised throughout the world and held by only eight British riders in the tour’s 118-year history.
Cycling UK’s Real Yellow Jersey recognises that cycling isn’t just about sport; it’s an everyday activity for leisure, transport and health, and part of a solution to many of society’s biggest problems from climate change and air pollution to obesity and mental health well-being.
Each ‘jersey knit’ garment took eight hours to complete. Created in canary yellow they are a stylish symbol of real cycling excellence.
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1 2 3 4 5
6 7 8 9 10
1 Joan Reynolds, from Walsall 6 Janet Baird, from Harrogate
2 Declan Nangle, from Kidderminster 7 Caitlin Bartlett, from Oxford
3 Joy Anibaba, from Olton 8 Linda Rackham, from Norwich
4 Rebecca, from Bradford 9 Judith Swaffield, from Southampton
5 Martin Williams, from Birmingham 10 Farzana Khan, from Bradford
**----- End of picture text -----**
> Cycling UK Annual Report and Financial Statements 2019–21 Page 16
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **Scotland**
## As part of our UK-wide behaviour change programme of activities, we ran a number of place-based projects in Scotland.
These projects provide support for community members through a wide range of activities and assistance – including:
**92** long-term bike loans to key workers, charities and local businesses
Online and phone support for isolated community members
**500+** Covid-compliant in-person activities where rules allowed
WheelNess
Golspie Bothy (opened Feb 2021) Active Cairngorms E-bikes Aberdeenshire Bothy (from Jan 2021) ABC Edinburgh Play Together on Pedals East Lothian Play Together on Pedals Edinburgh
Dunoon Bothy (opened Oct 2020) Ardrishaig Bothy (opened Aug 2019) Inverclyde Bothy (opened 2018)
Play Together on Pedals Glasgow
640
123
cycling and walking Play Together on Bothy sessions Pedals sessions
Plus the Shetland Community Health and Social Care Adaptive Bike Project was run with our support.
## **Shetland Community Health and Social Care**
After a childhood experience I had absolutely no intentions of going anywhere near a bicycle. However, I felt very safe and reassured and thoroughly enjoyed my trip on the bike… I look forward to my next trip.
Funded by the Energy Saving Trust, Cycling UK partnered with Shetland Islands Council to bring seven adaptive bikes to Shetland in July 2020 for use by Health and Social Care staff with residents in care homes for elderly and vulnerable people.
The bikes have allowed residents to “ride by and wave” to local friends and family – a creative and exhilarating
response to the restrictions on visits to care homes imposed by Covid-19.
_Mary, aged 85, Shetland care home resident_
## **WheelNess**
After a three-year pilot, the WheelNess project in Inverness ended in March 2021.
It is absolutely fantastic that [my client] has been provided with the opportunity to access such a resource; as its benefits to his physical and mental health are extraordinary.
It has had a huge impact on the lives of over 225 participants and the research conducted within the project is now informing active travel interventions across Scotland.
It improved people’s health, wealth and happiness by supporting them to cycle for everyday journeys.
Free access to a bike and a personal programme of support was targeted particularly at people on low incomes and those with underlying health conditions.
Watch our short film on how the project has changed lives Can bikes change lives? – The WheelNess Project | Cycling UK
_Social worker of participant with an e-bike, Highlands, Dec 2020_
## **ABC Edinburgh**
Despite the pandemic, ABC Edinburgh provided access to adaptive bikes.
March 2021 but delivery continues via some of our volunteer partners.
This is especially important as many ABC attendees have disabilities and have been disproportionately impacted by the closure or removal of services and support due to Covid-19. Funding for Cycling UK’s delivery of the project ended in
Watch our short film on how the project has changed lives – Edinburgh All-ability Bike Centre – changing lives through cycling | Cycling UK
## **Training**
Cycling UK delivered 66 training courses to members of the public, member groups and in support of our behaviour change and development programmes.
To continue training courses within lockdown restrictions, we developed online and distance learning content and practices. These innovations are now being integrated into our future plans.
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## Influence a wider range of people
We understand that to increase the number of people cycling in the UK, we need to reach a wide audience and promote cycling as natural, healthy and desirable.
So rather than organising mass participation events, we have embraced digital technology and developed the use of webinars, Facebook Live videos and video conference calls to continue reaching new audiences.
That’s why we put on events such as Bike Week, campaign for cyclists’ rights and strive to encourage the media to cover cycling in a positive way.
In the last 18 months, restrictions on the number of people allowed to gather during the pandemic forced us to think creatively about how to engage with a wider range of people.
## 50+
361
## **Pumped Up**
Cycling in the UK saw a renaissance during the spring and summer 2020 as people returned to their bikes, particularly for exercise and commuting to avoid public transport, in many cases taking advantage of quieter roads.
To inspire people to continue their new-found love of cycling, Cycling UK launched its Pumped Up campaign in August, capturing the spirit of a nation that had once again become pumped up to cycle.
> [Watch our Pumped Up Crew video h][e][r][e]
> Cycling UK Annual Report and Financial Statements 2019–21 Page 20
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **King Alfred’s Way**
Cycling UK launched the King Alfred’s Way, a 350km (220 mile) loop through10,000 years of history, around the Anglo-Saxon kingdom of Wessex.
Following on from the launch of the Great North Trail in 2019, King Alfred’s Way forms part of Cycling UK’s ambition for there to be a network of off-road long distance trails throughout Britain.
> [Watch our King Alfred’s Way video ][here]
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87,000
views of our King
Alfred’s Way film
18,000 on YouTube
67,000 on Facebook
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**----- Start of picture text -----**
Oxford
Swindon
London
Reading
4,000
Canterbury
guides sold Basingstoke Guildford
Farnham
Winchester Crawley Ashford Dover
Salisbury
Brighton
Eastbourne
4,000
members in the
King Alfred’s Way South Downs Way North Downs Way
Facebook group Thames Path Ridgeway
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## **Infrastructure campaign**
We responded to the Covid-19 pandemic by ramping up our infrastructure campaigning, with over 16,000 supporters across the UK emailing their councillors, council leaders and MPs to ask for space for social distancing, more cycle lanes and measures to enable more people to walk and cycle.
## **Missing links**
We launched a Missing Links campaign to join up the gaps in the off-road cycling network in England – with over 5,000 suggestions posted on our map in the five months since launch.
## **Bike Week**
Bike Week is Cycling UK’s annual showcase celebration of cycling. Restrictions on groups of people riding because of Covid-19 meant switching to online participation only, but numbers of people participating remained encouragingly high.
Run between 6 – 14 June, the event encouraged people to just get out and ride, whether to visit the shops, remain at home on a static trainer or explore their local area.
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9,007 10 51,000 28.5 million
participants online events visits to the Bike uses of our hashtag
and 3 webinars Week website #7daysofcycling
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## **Women’s Festival of Cycling**
The Women’s Festival of Cycling, supported by Raleigh, was held between 11–31 July to promote cycling to women, who traditionally cycle far less than men in the UK.
Although the festival traditionally encourages group riding, events had to be moved to online activities because of Covid-19 but still attracted a wide participation, which included webinars, live events, the launch of a new Facebook group and the announcement of another 100 inspiring cycling women.
**100** Women in Cycling were announced
- **5,885** people took part in events
- **21** online live events and 3 webinars were held
- **4,300** people are members of the Women’s Cycling Facebook group
**1,000** subscribers to our Women’s Newsletter with a 53% open rate and a 15% click through rate
- **5,000** people visited the WFoC website
**785,000** uses of #BeYouByBike hashtag on social media
## **World’s Biggest Bike Ride**
The inaugural World’s Biggest Bike Ride, encouraging as many people as possible to log a ride of any type, duration or distance was launched in the autumn as part of our Pumped Up campaign.
4,646 rides logged
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Elections
We campaigned across the UK for more
investment in active travel in the run up to the
December 2019 general election, persuading
43 MPs to stand up for cycling and walking
and pledge to increase spending on cycling
and walking to at least 5% of total transport
spend, rising to at least 10% within five years.
Cycling UK Annual Report and Financial Statements 2019–21 Page 24
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## **Highway Code**
Engaged more than 16,000 supporters to respond to the Highway Code consultation, supporting our proposed changes to the code – the culmination of 13 years of lobbying and campaigning work.
## **Cycle Advocacy Network**
More than 170 campaigners joined our newly launched Cycle Advocacy Network (CAN), to revitalise local campaigning and improve our support for volunteer campaigners.
Cycling UK’s Great North Trail wins i Staycation award 2019
## **Pothole watch**
16,302
potholes reported through Cycling UK’s FillThatHole website and app between October 2019 and March 2021
## **Cycle Friendly Employer scheme**
Sixteen businesses have become fully accredited by our Cycle Friendly Employer accreditation scheme. Including:
## **•** Cyclescheme
- Raleigh UK Ltd
- Department for Infrastructure, NI
- Sony Europe
- Great Ormond Street Hospital
- Swansea University
- Isle of Wight NHS Trust
- The Consumer Council
- Lloyds Banking Group
- The Environment Agency, Warrington
- The Intellectual Property Office
- Natural Resources Wales
- Newcastle City Council
- The Royal Botanic Gardens, Kew
- Queens University Belfast
- The University of York
## 100%
## + 100,000
Businesses are now accredited in all four nations of the UK
employees now work for cycle-friendly employers in the UK
## 18
## 16+
European countries delivering Over 16 businesses the scheme has increased confirmed to become from nine to eighteen accredited during 2021–22
## **Digital events programme (Facebook and YouTube)**
- **74** events
**15** episodes of Bants, Bikes and Being Female (19,458 views)
- **9** episodes of ‘An Audience with…’ 20,263 views (10,910 on YouTube, 9, 353 on Facebook)
**1,000+** people watched our ‘Break the Cycle’ Christmas quiz Facebook live event online
**4,000** people watched ‘An Audience with Alex Dowsett’, our most popular event
## **Cyclist Café of the Year**
**219** cafes nominated for our 2019 Cyclist Café of the Year awards – 1,281 public votes
## 40.7%
**236** cafés nominated for our 2020 Cyclist Café **2020** NOMINEE of the Year awards – 2,005 public votes
increase in our social media followers
## **Website traffic**
**11.9million**
page views
**8.5million** unique page views
## 6,951
## **101%**
mentions of Cycling UK in 1,362 media outlets
increase in page views 2019 to 2020, with unique page views up 74%
## **156,788**
page views on a single day on July 28 2020, our highest ever
Page 25 Cycling UK Annual Report and Financial Statements 2019–21
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## Grow a bigger, more diverse volunteer network
Whether it’s leading rides, organising events, fixing bikes, marshalling rides or setting up and running a new cycling group, volunteers are at the heart of what we do.
The year has been unique in many ways, notably because of the impact that coronavirus has had on our performance and volunteer delivery. With the last-minute government guidelines being released and each nation’s differing timelines and guidance, it was an interesting ride. _Alex Cuppleditch, head of volunteering_
We have a healthy base of volunteers across the country, but our challenge is to not only grow that base but to make the network more representative of the communities we serve.
**Our volunteers in numbers:**
6,633 104 volunteers in total
34%
female volunteers (up by 5%) 7%
member groups
3,589 699 member group affiliate groups
4%%
volunteers from a 4%% bame background volunteers from (up by 5%) LGBTQI+ community
member group volunteers
51
2,325
719
8%
average age of volunteers with volunteers registered disability (down by 14 years)
new volunteers affiliate group volunteers signed up
Page 27 Cycling UK Annual Report and Financial Statements 2019–21
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **Diversity action plan**
Recognising that many groups are still underrepresented in cycling, Cycling UK created a volunteering diversity action plan to put diversity and inclusion at the forefront of everything we do.
Among a series of steps we are taking to address this, we have also launched a new diversity champion volunteering role.
## **Lockdown love**
Our volunteers played a significant role during the lockdown, giving up their time to help others in need.
For Volunteers Week, we recognised their acts of kindness. 19 people were nominated for Lockdown Love Awards Find out more about these wonderful cyclists and how they helped spread a little lockdown love cyclinguk.org/news/showing-lockdown-love-our-local-heroes
## **Holidays and tours**
In June 2021 the Board of Cycling UK reluctantly took the decision that CTC Cycling Holidays and Tours will cease trading in October 2021 due to increased cost of sales, changes in customer expectations and reduced levels of demand. The company will honour confirmed bookings and the charity is exploring other options to offer a wider range of cycling holiday opportunities to our members from 2022.
This decision comes on the back of a difficult period for the company when during the period from 1 October 2019 through to the end of March 2021 the company has been materially impacted by the Covid pandemic. As with the wider leisure and tourism sector, our ability to provide holidays or cycle touring activity has been severely constrained and many of the planned activities were cancelled during 2020 and early 2021. Thankfully all bookings were refunded at only a small loss to the company arising from cancellation. In the period from 1 October 2019 up until the cancellation of holidays and tours in March 2020 54 tours were delivered to a total of 784 members.
Whilst much of the activity was cancelled during 2020 and early 2021, the highly committed volunteer tour managers and directors of CTC Cycling Holidays and Tours worked hard to implement a new operating model and commissioned market research into the future potential of the company. Tour bookings were able to commence again in early 2021 but with a greatly reduced programme and with no clear plan to return to profitability the Board reluctantly took the decision to seek other ways to continue supporting holidaying and touring activity.
£2,468,202
2,634
4,716
Page 29 Cycling UK Annual Report and Financial Statements 2019–21
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## Collaborate more
Encouraging more people to cycle requires significant behaviour change, capital spending on better infrastructure and a change in attitudes. We recognise we cannot achieve this on our own and that we need to collaborate more.
## **Walking and Cycling Alliance**
Cycling UK continues to work collaboratively with its key partners as part of the Walking and Cycling Alliance (WACA).
The partnership comprising Cycling UK, British Cycling, Sustrans, Living Streets, the Ramblers and the Bicycle Association, lobbies and advises government on increasing active travel in England.
## **Collaborative lobbying success**
- UK Government produces Gear Change document setting out a vision for greater rates of cycling and walking
- £2bn funding announced by UK Government for cycling and walking – and although only a quarter of what is needed, it’s six times the level of 2015
- New cycling infrastructure design guidance published
- Revision of the Highway Code
## **Network Rail**
Cycling UK partnered with Network Rail on a new initiative to help and encourage novice cyclists to cycle more in towns and cities.
We worked together to produce practical tips on where they can park their bikes at stations, information on safer cycling routes on quieter roads and provided access to an interactive journey planner to plot cycle-friendly routes between stations.
## **Ongoing collaborations**
- Working jointly with Sustrans and Living Streets to deliver a Government-funded project to support local authorities in drawing up their Local Cycling and Walking Infrastructure Plans
- Part of the Healthy Air Campaign that has been pressing for the strengthening of air quality standards in the Environment Bill
- Initiated the Outdoor Access Alliance, bringing together groups concerned with cycling, walking and rambling, equestrianism, climbing, canoeing and disabled access to the countryside, to press for increased opportunities to enjoy the great outdoors
- Joined the Green Alliance’s transport and climate working group, and co-chairing a working group on traffic reduction, seeking to ensure that the Government’s Transport Decarbonisation Plan supports cycling, walking and other sustainable transport options, rather than relying on electric cars
- Joined a CPRE-led coalition seeking to influence the government’s planning reforms to ensure developments support cycling and walking, rather than car-dependence.
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## Be responsive to the needs of different places
Devolved nations and elected mayoral cities mean the cycling landscape of the UK is varied and complex.
Transport budgets and active travel funding vary between local and national authorities which is why Cycling UK remains responsive to the individual opportunities each place offers.
33,500
## 24.1%
14
£2.5 million
- [Cycling UK staff now employed in England, Wales, Scotland ] and Northern Ireland
> [Funding secured in Wales for a Tales of the Trails project]
- [Funding secured in Northern Ireland to deliver online road ] safety course to 28 employers
- [Working jointly with Sustrans and Living Streets on a ] government-funded project to support local authorities in England on drawing up their Local Cycling and Walking Infrastructure Plans
- [Cycling UK is part of the Active Travel Delivery Partnership ] working with the Scottish government
- [New pilot cycle hubs developed in Cornwall, Kent and Norfolk ] as part of European-funded Experience tourism project
- [£10,000 funding in Northern Ireland for cycle heritage map ] (see below)
## **Belfast cycle heritage mapping**
A grant from the Community Heritage Fund will pay for Cycling UK to produce a cycle route connecting communities in east and north Belfast.
It will link key maritime heritage sites with recreation and outdoor space to encourage more people to cycle.
_A vintage postcard of Belfast dry docks during their heyday_
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## **Member groups**
## **Affiliate groups**
**----- Start of picture text -----**
CTC Teesside
Belles on Bikes, Falkirk
New Forest Cycling Week
Cycle Sisters, London
Handsworth CCC
CTC Calderdale
**----- End of picture text -----**
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## **: Types of cycling activity carried out by affiliate groups[*]**
## Improve the way we engage with groups
We are a membership organisation with a network of member and affiliate groups who put on regular rides and who help us deliver on our mission to inspire millions more people to cycle.
## **Covid-19**
Club rides put on by our groups have been severely curtailed by limitations imposed by government in response to the Covid-19 pandemic.
In response to rapidly changing rules around exercise and meeting other people, Cycling UK has kept our groups up to date with guidance and information, interpreting the rules to ensure the safety and compliance of all groups.
All of our Challenge Rides were also cancelled because of the pandemic.
start
29,820
22,490
62%
of affiliate group members surveyed joined to support our work
activities put on by affiliate groups
people took part in affiliate group activities
**----- Start of picture text -----**
Road cycling 46
Mountain biking 20
Gravel riding 19
Touring 21
Family rides 23
Campaigning 13
Adaptive cycling 4
Learn to ride sessions 12
Commuting/Utility cycling 6
Leisure/social 50
Other 10
**----- End of picture text -----**
* % from 224 responses
## **Member groups**
**Types of rides/activities : of affiliate groups[*]**
This has been a different year for our Member groups and there have been less rides and events reported than in previous years.
**----- Start of picture text -----**
Long rides
(4+ hours)
Short rides 37
(less than 2 hours)
39
Medium rides
(2-4 hours)
48
Bike maintenance
21
Structured
training (interval,
Other pacelines etc)
12 8
Beginner/
Introductory rides
Women’s
31
only rides
10
**----- End of picture text -----**
However, we have still provided support for our groups and looked to provide digital solutions to allow group activities to take place such as:
- Member groups have received support in setting up AGMs online using Microsoft Teams
- ‘Time with Tom’ online sessions were arranged to support and keep in touch with groups
- External Online Safeguarding by EduCare was offered to Member and Affiliate groups, 49 people signed up which represented attendance by 50% of Member groups.
We have also looked to support groups with updated resources to inform on how the HMG Covid Guidance affects their group cycling and activities, and new guidance and forms have been produced to help groups to return to activities. 95% of our Member group volunteers are aware of the resources we provide.
Although group rides may not have taken place over 2020, our Member groups still provided a home for cyclists, with many of the groups adapting and embracing digital solutions to communication allowing group members to share tips and communicate with fellow groups.
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Cycling UK Annual Report and Financial Statements 2019–21
**----- Start of picture text -----**
Annual Report 2019–21
Cyclists’ Touring Club operating as Cycling UK
**----- End of picture text -----**
## Grow and diversify our income
To meet the challenge of reaching our target of millions more people cycling, we recognise we need to grow and diversify our income.
## **What we did:**
> [Implemented first year of new income ] generation strategy
> [Identified and tested new ways for ] individuals to support our work, such as individual appeals
> [Identified and tested new ways of working ] with businesses
> [Implemented changes to our membership ] program to ensure a sustainable future for the next generation of cyclists
## £3 million
## £4 million
## £55,500
Income increased to £4m from £2.6m pa thanks to support from individuals, companies, trusts and foundations
was raised through our summer raffle and annual Grand Draw
Department for Transport funding for Big Bike Revival projects increased from £1m to £3m
**Employer Legacies membership** £420,728 kindly received in legacies remembering We launched a new those that sadly passed employer membership away, but chose to leave including insurance cover us a gift in their will to for both employer and continue their love of employees as well as tools, cycling and in support advice and discounts to of our work. embed a culture of cycling.
This donation was especially valuable because many of these community groups suffer from both a lack of bikes and a shortage of storage space. These Brompton cycles will allow our Community Cycle Clubs to engage with more local people and give new cyclists the confidence to ride.
## **Case study**
_Jenny Box, head of behaviour change and development in England_
Cycling UK received a donation of 59 folding bikes from the Brompton Wheels for Heroes campaign.
The bikes are now being used at 12 Community Cycle Clubs in locations including Manchester, Liverpool, London, Bradford, Essex and Norfolk.
## £843,000
## £50,000
funding from Transport Scotland for behaviour change projects and an additional £1.5m to fund the Scotland Cycle Repair Scheme
Supporters donated £50k to our Keep the Wheels Turning campaign to help key workers through the pandemic and our Break the Cycle Christmas Appeal to help us beat the cycle of social isolation
Page 39 Cycling UK Annual Report and Financial Statements 2019–21
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## In 2019–21 what we said we’d do
## **Grow a bigger, more diverse volunteer network**
**----- Start of picture text -----**
What we said we’d do What we achieved
Micro-volunteering offer, accessible to younger people Over 200 younger and more diverse volunteers
linking to summer programmes joined the Pumped Up crew to welcome back
cyclists in the Autumn
Volunteering celebration event – celebrating Online celebrations and regular webinars replaced
achievements and sharing best practice with the our annual in person gatherings
cycling movement
Embed volunteer engagement tool across the Over 6,000 volunteers now registered through
organisation evidencing how volunteers contribute the Assemble volunteering platform
to enabling a million more people to cycle
**----- End of picture text -----**
## **Improve the way we engage with groups**
**----- Start of picture text -----**
What we said we’d do What we achieved
Groups offer should engage and inspire a wide Group cycling activities were paused during lockdown
range of audiences/cyclists linking closely with restrictions, but once able to recommence our
our membership offer traditional touring groups and community cycling groups
were quick to welcome riders and provide support,
advice, and camaraderie for new and existing cyclists.
Launch the Groups Training Bursary, allowing Paused as group activities suspended
groups to train more volunteers across affiliate
and member groups
Continue to implement and evolve the group Thousands of rides and groups promoted through
management tool, using digital platforms the ‘Find a group’ website listing
**----- End of picture text -----**
## **Collaborate more**
**----- Start of picture text -----**
What we said we’d do What we achieved
Create ‘new’ collaborative partnerships like WACA Increased partnership working with road safety groups
to align messages and amplify business case to on Highway Code reforms, CPRE led coalition on
governments planning white paper and the Green Alliance on
Environment Bill
Focus lobbying wider than DfT direct with decision Consultation responses across government and at
makers in Health, Housing, Local Government local authority level and influencing party manifestos
ahead of local and national elections in Wales and
Scotland
**----- End of picture text -----**
## **Influence a range of people**
**----- Start of picture text -----**
What we said we’d do What we achieved
Roll out new Workplace engagement strategy Work from home’ lockdown restrictions slowed activity.
to support UK businesses to influence UK’s Return to work meant renewed interest in cycle
33million employees commuting. We were quick to respond with free advice,
DFT funded workplace support package and ‘Back on
your bike’ key worker membership offers
Roll out new brand proposition Updated brand messaging guidelines published
and rolled out through our communications
New video, news, and digital content for non-cycling Over 70 webinars and online events held, 100s of
audience YouTube ’how to’ videos created as varied as yoga
for cyclists, ‘live’ online bicycle maintenance
workshops to virtual cycle training
**----- End of picture text -----**
## **Be more responsive to the needs of different places**
## **Expand our behaviour change programmes**
**----- Start of picture text -----**
What we said we’d do What we achieved
Create behaviour change journey to nudge new Refinement of our ‘Fix, Learn, Ride’ behaviour change
cyclists towards regular cyclists, allowing us to model creating sustained cycling activity incorporated
monitor our impact in our Behaviour Change programmes
Involve digital innovation within our data capture & Many activities suspended during lockdown. Increased
monitoring of community cycling programmes use of video conferencing software for webinars and
online training modules
Continue to build a case for investment with Tripling of funding for behaviour change programmes
governments and large statutory funders
**----- End of picture text -----**
**----- Start of picture text -----**
What we said we’d do What we achieved
Policies and campaigns relevant across all UK nations Cycling UK engagement staff recruited into all 4 nations
Launch of new campaign volunteer network Cycle Advocacy Network (CAN) launched with over
180 local representatives across the UK supported
by a dedicated campaign support officer
Targeted place-based influencing based on evidence New initiatives included growth of community groups
from research of issues and opportunities through Sport England funding, workplace cycle safety
promotion in Belfast and regional cycling schemes
across rural and remote Scotland
**----- End of picture text -----**
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **Grow and diversify our income**
**----- Start of picture text -----**
What we said we’d do What we achieved
Develop and roll out compelling new member Membership pricing review rolled out with increase
propositions and journeys in number of member benefits, ‘Back on your Bike’
membership created for new ‘lockdown’ returning
cyclists
Develop strong legacies programme Dedicated Individual Giving Fundraising Officer
recruited with half a million in legacies kindly left
to Cycling UK
Develop two corporate strategic partnerships and Corporate partnerships with Uber, Raleigh,
start programme funding diversification Cyclescheme and Brompton have supported our
work through Road Safety campaigning, Bike week
promotion and free bikes to community groups
**----- End of picture text -----**
## **Develop our organisation**
**----- Start of picture text -----**
What we said we’d do What we achieved
Pay reward and people strategy HR team created, salary benchmarking complete,
staff development plan including wellbeing and
employee benefits
Digital Strategy implementation New Customer Relationship Management system
being rolled out to support membership and
campaigning
Improve governance processes Refreshed KPI reporting, update of key policies,
Diversity review group and Project management
function created across organisation
**----- End of picture text -----**
## **Enabling millions more people to cycle**
**----- Start of picture text -----**
What we said we’d do What we achieved
Assisting 200,000 people to Cycle in 2019–20 Our behaviour change programmes, community clubs,
engagement events and group riding engaged with
201,586 participants
**----- End of picture text -----**
## The year ahead – our aims for 2021–22
Two years into our five-year strategy, the changes in the external world, as well as our learning as an organisation prompted us to review and refresh our strategy for the next three years.
In April 2021 the trustees refined the strategy to focus our efforts on the four key areas of work which we believe will bring the greatest impact for our beneficiaries.
## **Our priorities to 2023 will be:**
- **Enable cycling for all** – breaking down the barriers to cycling, enthusing both regular cyclists and those new to cycling
- **Speak up for all who cycle** – campaigning on issues that affect all who cycle
- **Strengthen our organisation** – ensuring we have the systems, infrastructure and funding we need to run our organisation to the high standard that our members and beneficiaries deserve
- **Build sustainable membership** – develop a vision and aims for membership which connect it clearly at the heart of our organisation.
Underpinning each of these priorities is our strong commitment to building an **inclusive culture and increasing diversity** both internally and externally.
Underlying our work will be a strong presumption of collaboration both internally, across our teams, and externally, where we know that we can only achieve our aim of getting millions more people cycling by working with others.
## Future plans
Throughout 2020 and to the time of writing the Coronavirus pandemic has continued to impact the lives of our beneficiaries, members and staff.
Whilst we look forward to some easing of restrictions over the coming months we expect some continuation of uncertainty and of interruption to our business at short notice.
The last year has seen a greater public and political interest in cycling. Cycling UK has worked with our funders to respond to and support this. While we trust that this will continue to some extent we are also aware that funding opportunities are narrowing as competition for charity fundraising becomes even more pronounced.
## **Looking ahead the impact of this is likely to include:**
- Reduction in scale of delivery of community cycling and group cycling activities
We are also mindful of the coming squeeze on public finances likely in future budgets, which could affect our significant statutory funding. We have secured good levels of funding for the coming year however and our sources of unrestricted funding have held up well over the past year.
- Reduction in scale or revised delivery of some event and communications activities
- The winding up of CTC Cycling Holidays and Tours Ltd.
Following over a year of working from home we are now consulting staff on office working in future. We plan to develop and test new ways of working across the organisation from late summer which will allow for flexibility to work remotely once again, should further lockdown periods arise.
The trustees therefore take the view that Cycling UK remains well-placed to support the ongoing initiatives to support cycling and to adapt successfully and speedily to any further sudden changes to the way that we work.
Page 43 Cycling UK Annual Report and Financial Statements 2019–21
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## Key partners
## We’re proud of our association with our key partners and funders.
Energy Saving Trust
## Aberdeenshire Council
## RoadPeace
Essex County Council Forth Environment Link Friends of the Earth Glasgow City Council GoSafe
## Roadsafe NI
Active Norfolk Argyll and Bute Council Argyll and Bute HSCP British Canoeing British Cycling British Horse Society British Mountaineering Council
RS MacDonald Charitable Trust
RSPB
Sailortown Regeneration
Scottish Canals
Greenpeace Healthy Air Campaign Healthy Air Cymru Heritage Lottery Fund Interreg FCE programme Inverclyde HSCP
Slater and Gordon Lawyers Southampton City Council
Sport England
Brompton
Sustrans
Bruce Wake Charitable Trust
Sustrans Cymru
Cairngorms Trust
Sustrans Scotland
Cambrian Village Trust Campaign for Better Transport Campaign for National Parks
Lambeth Borough Council Linen Quarter BID Living Streets
The Active Well-Being Society (TAWS)
The All Party Parliamentary Group for Cycling and Walking
Cardiff Council
Living Streets Cymru Living Streets Scotland Maritime Trust Moray Council
Cardiff Road Safety Team
The Bicycle Association
Client Earth
The Ramblers
CoMoUK
Transform Cymru
## CPRE
Transport for Wales
National Lottery Heritage Fund NI
Cross Party Group on Active Travel Act (Wales)
Vale of Glamorgan Public Rights of Way Team
Natural Resources Wales
Cycling Marketing Board
Welsh Cycling
NHS Greater Glasgow and Clyde
Cycling Scotland
Welsh Government
NI Greenways
Department for Communities
Ynysybwl Regeneration Partnership
Norfolk County Council Open Spaces Society
Department for Infrastructure (Northern Ireland)
Thank you as well to all our other partners who supported our work through incredibly kind donations of prizes, discounts for our members, and the promotion of our events and activities.
Open Spaces Society Outdoor Recreation NI
Department for Transport
Disabled Ramblers
Paths for All
East Dunbartonshire Council
Possible
East Sutherland Green Health Partnership
Queens University Belfast
Raleigh
Eastside Partnership
## Financial summary
## **Financial review**
The extension of our accounting reference date to the end of March 2021 and therefore an 18-month financial period, means that we have recognised a significantly higher total of income and expenditure over this period when compared with 2018–19. This also means that the financial statements are not directly comparable between the 2018–19 financial year and the 18-month period from 1 October 2019 to 31 March 2021.
The funding we received during the 18-month period reported in the financial statements was increased further by additional restricted funds received from DfT and Transport Scotland in response to the pandemic and to support the expansion of our BBR and Scotland Cycle Repair schemes.
Whilst we benefited from increased income in some areas, the pandemic reduced other income streams including a reduction in advertising income as a result of postponed events and activities, a reduction in our employer offer, reduced commission income from retail partners and
## **2019–21 Income**
**Income £11,791,865**[Donations and Legacies ] 5% £597,920[Membership ] 30% £3,548,304[Grants ] 54% £6,417,846[Sales and services provided ] 3% £331,980[Cycling holidays ] 3% £320,496[Other income ] 2% £210,431[Other trading activities ] 3% £364,888
significantly reduced cycle holiday activity through our holidays and tours subsidiary. Alongside this, planned investment to support the scaling and development of the organisation to deliver against our strategic ambitions and 5-year strategy resulted in a budgeted operating deficit of £0.6m which included £0.135m deficit from CTC Cycling Holidays and Tours Ltd.
Our total income was £11.8m and our total expenditure was £12.4m. Our total consolidated funds decreased to £5.7m, split between £0.2m restricted funds and £5.5m unrestricted funds (designated and general). Our total annual income has gone up in each of the last 4 years and whilst these financial statements cover an extended accounting period and make comparison difficult, we have and expect to see continued growth in income and expenditure in line with our five-year strategy. For comparison, on a pro-rated basis income in the last financial year would have been equivalent to £7.9m (20% growth on prior year) and pro-rated expenditure would have been equivalent to £8.3m (28% growth on prior year).
## **2019–21 Expenditure**
**Spend £12,435,015**[Raising funds ] 4% £504,294 Membership services 28% £3,542,792[Health and wellbeing projects ] 4% £470,909[Youth projects ] 2% £245,825 Education and cycle training 2% £289,202[Campaigning ] 8% £996,828[Cycling development ] 48% £5,928,851[Cycling holidays ] 4% £456,314
Page 46
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**----- Start of picture text -----**
2019–21 2018–19 Change [** ]
£m £m £m
Income [*] £11.80 £6.58 £5.22
Expenditure £12.44 £6.50 £5.94
Surplus/(Deficit) (£0.58) £0.08 (£0.66)
Total charity funds £5.67 £6.26 (£0.59)
**----- End of picture text -----**
- _*Adjusted for unrealised gains on investment_
- _**Figures are not totally comparable due to extension of accounting period_
Our work is funded by a mixture of membership fees, contract and grant income, retail income and donations and individual giving. Overall membership increased during the year to around 70,400 and our members continue to benefit from our wide range of benefits. Total membership income increased to £3.6m over the period. We constantly review our membership rates to ensure we offer both excellent value for money and to safeguard the sustainability of the charity and during 2020 we implemented significant changes to our fee structure and concessionary rates based on an ability to pay rather than age. This change was essential to ensure our fee structure is fairer overall and our funding is sustainable to enable us to carry on activities such as our vital campaigning work to improve cycling conditions for everyone.
In a year when many families and individuals have been impacted by the loss of loved ones, we are humbled to be remembered in the wills of those who have passed away. Any legacy donation is a reminder of the importance that our members and supporters attach to our work and during the period we have been privileged to receive legacy donations of £420,728.
During 2019–21 the provision of additional restricted funds saw significant increases in expenditure on behaviour change programmes as we continued to help more people, including key workers, to cycle. Our expenditure on membership services continued to increase as did expenditure on fundraising and campaigning activities, in line with planned investment to deliver our strategic objectives of growing and diversifying our income and extending our reach and impact to enable millions more people to cycle.
As a result of the pandemic and delays or postponement of activity some expenditure reduced significantly including through the provision of holidays and touring activity. Whilst we were also able to benefit from government support such as the Job Retention Scheme these factors and planned investment in support of the delivery of our five-year strategy resulted in a reduction in net cash from operating activities of £950,000.
Despite this reduction the trustees consider that the charity is well placed to continue its operations and have adequate resources in place to operate within our reserves policy. Accordingly, they consider the going concern basis remains the appropriate basis on which to prepare the annual report and financial statements.
## **Funds**
Total funds at 31 March 2021 were £5,670,317 (2018–19 – £6,256,505).
Restricted funds, provided for a particular purpose and therefore not available for general use by the charity, totalled £158,474 (2018–19 – £231,497).
Designated funds comprise our premises sinking fund, cyclists defence fund, life membership fund and legal advice scheme fund. At the balance sheet date these totalled £542,799.
After making an allowance for restricted funds, the amount of designations and the carrying value of tangible functional assets held by the charity, the group’s unrestricted general funds at 31 March 2021 were £3,460,712.
## **Future plans**
Whilst the roadmap out of lockdown and progress to respond to the virus gives us cautious optimism we know that the medium to longer term economic outlook is still unclear. In line with our strategy refresh process we have reviewed our forecasts and assumptions for the remainder of the strategic period and years ahead. We have therefore revised our income forecasts in some areas recognising that some sectors will have been harder hit by the pandemic and impacts on our income will likely include:
- Reduced commission income from retail partners;
- Reduction in advertising income as advertisers cut back on activity;
- Significantly decreased income from lower levels of holiday and touring activity; and
- Reduction in income from our training services.
In addition to a reduction in gift aid income, we expect income from these sources to be around £400,000 lower than originally assumed at the outset of the five-year strategy in the next financial year. However, we are confident that our strategy to diversify our income streams and with identified savings planned in 2021–22 this reduction in income will be offset.
## **Reserves policy**
Reserves are defined as income funds of the group that are freely available to spend. Cycling UK requires these reserves to:
An amount equivalent to restricted funds and working capital is managed as short term reserves. The remaining level is held as long term reserves, and the approach to managing these reserves is set out in Cycling UK’s ethical investment policy.
- Ensure funds are available to provide working capital;
- Cover short term fluctuations in income (such as grant income payable in arrears);
The level of reserves and their make-up is monitored by the Finance and Performance Committee on a quarterly basis and the Board reviews the reserves policy annually in line with the annual budgeting process.
- Allow the organisation to continue to operate and recover in the event of a sudden and material drop in income; and
- Cover capital expenditure and provide funds available to support delivery of our strategic objectives.
## **Investment policy**
The required reserves are calculated and assessed according to an overall risk profile, and in doing so all major sources of income and known long term expenditure requirements are reviewed. The total value of these risks is then compared to the total value of reserves held. The reserves held are calculated based on the ‘general funds’ amount on the consolidated balance sheet, less the ‘fixed assets’ figure, since these fixed assets are required for the functional operation of the charity.
During the year the Board revised Cycling UK’s ethical investment policy and long term investment objectives. The policy was updated to closer align with our charitable objects and to include investment in assets and companies which demonstrate a positive commitment to the ethical indicators identified by the Board and excludes those companies or sectors which negatively align with our objects and ethical criteria.
Based on this policy and a review of cash balances and liquidity requirements, the Board’s view was that the aim of the policy should be for the investment of long term reserves in cash, bonds and equities to support the objective of long term capital growth. The decision was also taken to move to a more actively managed investment strategy culminating in the appointment of new investment managers.
The current level of reserves required on the basis of this calculation is £1.7m. At the balance sheet date the charity held reserves of £3.4m. The trustees consider it appropriate to hold a higher level of unrestricted reserves at this time due to the ongoing economic uncertainty arising from the Covid pandemic.
The reserve requirements of the subsidiary entities are considered separately and retained funds held by CTC Holidays and Tours and in member groups inform this overall policy. Were there to be any major deficiencies of reserves therein, they would be added to the Cycling UK reserves requirement.
During the period investments grew by 12% to 31 March 2021 compared with 6% in the prior reporting year.
Page 48
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## Governance summary
Cycling UK is governed by its Board of trustees operating under the terms of the Articles of Association. Trustees must be members and the majority are appointed by election by the membership. Cycling UK is committed to widening participation and inclusion in its governance and its nominations process is intended to ensure all members of the Board have the essential skills, knowledge and experience to contribute effectively to the governance of the charity. In line with plans to improve the culture of inclusivity across the organisation the Board are also beginning to review how they ensure the representation on the board is inclusive of diverse experience and backgrounds and during the period has begun a skills audit to identify the future skills requirements needed to support the Board.
supported by its People and Culture Committee and the SMT are continuing to review how the processes and culture of the organisation can be developed further in this area with planned developments in 2021–22.
Following election by the members, trustees are appointed for an initial term of three-years. At the end of this term trustees may stand for re-election and can be re-elected at the end of every three-year term for a period not exceeding 9 years. During the period the trustees appointed a co-opted trustee to fill an identified skills gap on the Finance and Performance Committee. Co-opted trustees are appointed by the Board for a period of one year and reappointed annually for a period not exceeding 9 years.
## **Management**
The Board of trustees is legally responsible for the strategic direction of the charity including approving the annual plan and budget. The Board monitors risk and progress against these plans and budgets and it makes decisions about the appointment of senior staff.
A list of trustees who held office during the period can be found in the Legal and Administrative information section of this report listed on page 81.
Lead trustees are appointed to oversee key areas of work as needed.
A comprehensive induction is provided to all new trustees and the Board meets four times a year, to review strategy and performance, approve annual budgets and agree strategic plans, advised by the CEO and senior management team. Sub-committees of the Board form the Finance and Performance, Audit and Governance, People and Culture and Nominations Committees. These Committees enable trustees to have more detailed engagement and oversight of the principal activities of the organisation. Each of these is chaired by a Board Member but may involve a mix of staff and trustees.
Day-to-day operation of the organisation is delegated to the Chief Executive, Sarah Mitchell and the Senior Management Team.
## **Remuneration**
Cycling UK aims to ensure that all members of staff are paid appropriately according to the nature of their work and experience, the function and skills requirements of their role and in line with our organisational pay strategy and pay band structure which is benchmarked against the market rate for the sector.
Cycling UK has ten subsidiaries, a mix of trading and dormant companies and charities. The accounts of all subsidiaries are consolidated into the group accounts of Cycling UK.
Responsibility for setting the pay of senior managers is delegated to the People and Culture committee. This is reviewed annually and seeks to offer a total benefit package which is intended to attract and retain management of the quality required to run the charity successfully and sustainably and to support the long-term strategy and purpose of the charity. No Senior Manager is involved in decisions relating to their own remuneration.
## **Code of Governance**
During the period, the Board of trustees reviewed Cycling UK’s compliance with the updated Charity Governance Code and the extent to which its policies and processes demonstrated our application of the Code’s principles. The trustees consider that Cycling UK’s compliance with the Code is high, demonstrating evidence of application of 81% of the principles. The review identified 16 principles where further action or continuous improvement was needed relating particularly to diversity and inclusion. The Board,
## **Gender pay gap**
Although Cycling UK employs fewer than 250 staff and is therefore not required by law to disclose gender pay gap information, we consider it good practice to be transparent
and to do so. At March 2021 the charity’s overall median gender pay gap was 8% compared to a national average of 15.5% in 2020[1] . We continue to monitor and review pay levels and the application of our pay strategy to ensure there is no gender bias and will continue to consider ways to reduce this alongside our wider diversity and inclusion policies and activities to make sure our policies and practices are fair.
## **Risk management**
The Audit and Governance Committee has responsibility for oversight and review of the risk management policy and process and reviews the Strategic Risk Register on a quarterly basis along with progress to mitigate key risks. The Board reviews the risk register on an annual basis following reports by the Committee.
The Senior Management Team is responsible for the strategic risk register, reviewing the significant operational and organisational risks on a regular basis, and ensuring that appropriate internal controls and actions are in place and aimed at mitigating risks.
The strategic risk register considers the impact and likelihood of the risks, alongside the organisation’s risk appetite and the velocity with which the risk could escalate, which supports an overall ranking of risks. Ownership of the risks is assigned to a member of the Senior Management Team who is accountable for ensuring controls, policies and procedures are implemented and improved.
These policies and procedures include the effectiveness of internal control measures and policies relating to safeguarding, whistleblowing, health and safety and complaints.
## **Principal risks and uncertainties**
The charity considers its principal risks at this time to be:
1. Whilst at the time of writing there are signs that the impact of the pandemic is lessening there remains an ongoing risk and uncertainty for our future plans related to the Covid virus. During the last year we saw the impact that lockdown had on our ability to deliver face to face activities or events, the reduction in group rides and a further impact on our fundraising and income generation activity. Whilst we were able to mitigate some of these impacts, the risk of further lockdowns and the related economic impacts from the last 18 months and any future economic downturn creates a risk to our delivery and financial plans.
> _1Latest data available for 2020 from ONS Annual Survey of Hours and Earnings, 2020_
During the first 12 months of the pandemic we were able to further develop our business continuity plans, ways of working, adjust our delivery and make use of Government support including the Job Retention Scheme and we are confident that our income and reserves can withstand some short term downturn. For the remainder of our strategic period we have also undertaken wider scenario planning to test our financial and income projections which we continue to review on a regular basis. Overall the growth in cycling during the pandemic positions us well to respond to wider economic impacts and challenges ahead.
2. The effective management and administration of our data and information systems is a key part of ensuring that we are able to mitigate the risks arising from mis-management, not having a privacy first approach and the external threat of cyber terrorism which many charities were impacted by in 2020. Without processes and controls in place to mitigate these impacts there is a risk to the personal data we hold of many of our members, beneficiaries and stakeholders and to the wider security of the charity. As our digital transformation continues we are confident the steps we are implementing to put new systems in place and an internal focus on training and how we manage data will support us to create a privacy first culture.
3. Like most charities during the last 18 months we have had to balance the ongoing delivery of our services with economic uncertainty to support our longer term sustainability. Unlike many, however, significant new funding opportunities have presented themselves following the growth in cycling throughout the pandemic. Whilst we believe we are well placed to respond to these opportunities there is a risk that rapid growth or prioritisation of one funding source over all others may not be sustainable without effective gearing of that growth, underpinned by the right organisational processes, systems and skills. To ensure we are able to leverage these opportunities in a sustainable way a key focus of our refreshed strategy will be to ensure that we continue to strengthen our organisation, for example through our digital transformation process and also build a sustainable membership for the future through our membership transformation plans as we strive to enhance the member offer and related benefits.
Page 49 Cycling UK Annual Report and Financial Statements 2019–21
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Cycling UK Annual Report and Financial Statements 2019–21
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **Fundraising**
Cycling UK is registered with the Fundraising Regulator and is committed to adhering to the highest standards of fundraising practice. Our fundraising activity is led by our Director of income generation who is responsible for ensuring that all fundraising aligns with the standards in the Code of Fundraising Practice. All of our policies and procedures are regularly reviewed for compliance with the Code. Several staff are members of the Institute of Fundraising and attend regular events to ensure continuous professional development and up to date knowledge of fundraising practice.
In this period we recruited an experienced Fundraising manager. This role is responsible for individual giving activity across legacy fundraising, appeals, raffles, regular giving and donations, drawing on the support and experience of the wider income generation team.
Our fundraising is managed in-house but we have also used the services of two specialist external agencies: Prospecting for Gold to carry out donor prospect research; and QTS Fundraising to train and advise our internal staff, and to support with Gift Aid and membership renewal telephone campaigns. Both are reputable and highly experienced fundraising organisations which adhere to the strictest regulations, compliance requirements and quality standards. We also used the services of a professional fundraising consultant to support with specific trusts and foundation research. For all external suppliers, a rigorous contract was put in place to ensure compliance with the code and relevant standards.
The majority of our fundraising activity and income comes from our own membership and supporter base with minimal promotion outside of Cycling UK contacts. We have been a membership organisation for over 140 years so are highly experienced and understanding of our members’ needs and interests. We have an in-house membership and supporter care team which communicates with members and supporters daily. We ensure that both our staff and our contracted professional fundraisers protect vulnerable people and others from unreasonable intrusion on a person’s privacy, unreasonably persistent approaches or undue pressure to give.
Our direct communication channels used for fundraising are email and mail. We also raise funds through payroll giving and various certified third-party platforms such as JustGiving, AmazonSmile, easyfundraising, Ebay and Giveacar.
Across all our fundraising-specific activity, including two appeals and two raffles where each individual communication was sent to up to 90,000 members and supporters, we received a total of 16 complaints directly to Cycling UK.
## **Public benefit statement**
The Board continuously reviews the activities of Cycling UK against its charitable objectives and its Strategic Vision. The Board is satisfied that all activities are related to these objectives. No specific issues to the detriment of these objectives have been identified.
The trustees have referred to the guidance provided by the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator on meeting the Charity Test. This guidance explains how a charity should demonstrate a link between its charitable aims and the benefits it provides to the public. The trustees have considered this guidance in preparing the review of activities and future plans.
The Board can demonstrate that promoting cycling for individuals, groups and communities contributes to the conservation and protection of the environment, the health and safety of the public, community participation in healthy recreation and amateur sports and social welfare. It provides a programme of education to support these activities.
There are no barriers to the public benefitting from the work
of Cycling UK as most cyclists in the UK are not Cycling UK members but benefit from the improvements in road safety and other benefits arising from the charity’s promotional, campaigning and advocacy work for the public.
Membership of Cycling UK is open to everyone who supports our aims and we have a substantial range of discounted membership offers to allow those of limited means to join. We have achieved the Preliminary Standard for Equality in Sport for our work to open cycling to those who would not normally be able to access it. Delivery of most services is free at the point of delivery to the public. Membership subscriptions are an effective form of fundraising providing resources for the delivery of these public benefits.
We can demonstrate that membership is an effective means of achieving our charitable objects. Our group membership activities and events are particularly valuable in overcoming many potential cyclists’ barriers to healthy, low cost recreation or transport. Members provide most of our voluntary resource, one of the largest groups of people supporting cycling for the public in the UK. Collectively they provide an extensive programme of cycle rides, they provide the information that we disseminate through our engagement activities, they deliver our local advocacy and they provide the weight of numbers that enables us to promote cycling to parliamentarians and other public bodies.
Our research shows that members’ reasons for supporting Cycling UK’s work reflect the public benefit in our objects. Research has confirmed that they support Cycling UK because: we protect cyclists through campaigning and by supporting cyclists who may have been involved in incidents on the road; inspire and support them and other cyclists to do more cycling; promote cycling to the public, public bodies, the media and other bodies that need to be encouraged to promote cycling and the benefits of cycling.
## **Statement of trustees’**
## **responsibilities**
The trustees (who are also directors of Cyclists’ Touring Club for the purposes of company law) are responsible for preparing the trustees’ report (incorporating the Strategic Report) and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The report has been prepared in accordance with Part 8 of the Charities Act 2011 and constitutes the directors report and strategic report for the purposes of the Companies Act 2006.
The financial statements have been prepared in accordance with the accounting policies set out below and comply with the articles of association, applicable laws and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the group for that period.
## **In preparing these financial statements, the trustees**
## **are required to:**
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards have been followed, subject to any material 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 operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Each of the trustees confirms that:**
- so far as the trustee is aware, there is no relevant audit information of which the charitable company’s auditor is unaware; and
- the trustee has taken all the steps that he/she ought to have taken as a trustee in order to make himself/herself aware of any relevant audit information and to establish that the charitable company’s auditor is aware of that information.
This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Dr Janet Atherton OBE Chair of trustees**
> Cycling UK Annual Report and Financial Statements 2019–21 Page 52
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## Independent auditor’s report to the trustees and members of Cyclists’ Touring Club
## **Opinion**
## **Conclusions relating to going concern**
We have audited the financial statements of Cyclists’ Touring Club (the ‘charitable parent company’) for the period ended 31 March 2021 which comprise the consolidated and charitable parent company statement of financial activities, consolidated and charitable parent company balance sheets, consolidated statement of cash flows, the principal accounting policies and the notes to the financial statements. The financial reporting 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 Kingdom Generally Accepted Accounting Practice).
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- [the trustees’ use of the going concern basis of ] accounting in the preparation of the financial statements is not appropriate; or
- [the trustees have not disclosed in the financial ] statements any identified material uncertainties that may cast significant doubt about the group’s or the charitable parent company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## In our opinion, the financial statements:
- [give a true and fair view of the state of the group’s and ] of the charitable parent company’s affairs as at 31 March 2021 and of the group’s income and expenditure for the period then ended;
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the annual report and financial statements, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
- [have been properly prepared in accordance with United ] Kingdom Generally Accepted Accounting Practice; and
- [have been prepared in accordance with the requirements ] of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- [the information given in the trustees’ report, which is ] also the directors’ report for the purposes of company law and includes the strategic report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
- [the trustees’ report, which is also the directors’ report ] for the purposes of company law and includes the strategic report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the group and charitable parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report including the strategic report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:
- [adequate and proper accounting records have not ] been kept by the charitable parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- [the charitable parent company financial statements are ] not in agreement with the accounting records or returns; or
- [certain disclosures of trustees’ remuneration specified ] by law are not made; or
- [we have not received all the information and ] explanations we require for our audit.
## **Responsibilities of Trustees**
As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible 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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group’s and the charitable parent company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the charitable parent company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit 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 economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 an to the charity’s trustees as a body, in accordance with Section 44(1)(c) of the Charities and Trustees Investment (Scotland) Act 2005 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006.Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
**Edward Finch** (Senior Statutory Auditor) For and on behalf of Buzzacott LLP, Statutory Auditor 130 Wood Street London EC2V 6DL
Buzzacott LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.
20 July 2021
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Cycling UK Annual Report and Financial Statements 2019–21
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## Consolidated statement of financial activities
## Period ended 31 March 2021 (including income and expenditure account)
**----- Start of picture text -----**
Total funds Total funds
Period Year ended
ended 30
Unrestricted Restricted 31 March Unrestricted Restricted September
funds funds 2021 funds funds 2019
Notes £ £ £ £ £ £
Income from:
Donations and legacies 1 597,920 – 597,920 198,169 – 198,169
Transferred from the Cyclists' 17 – – – – – –
Defence Fund
Income from charitable activities:
– –
• Membership 3,548,304 3,548,304 2,371,479 2,371,479
• Grants – 6,417,846 6,417,846 – 1,946,996 1,946,996
• Sales and services provided 131,179 200,801 331,980 74,701 240,677 315,378
• Cycling holidays 320,496 – 320,496 1,301,822 – 1,301,822
• Other income 210,431 – 210,431 114,105 – 114,105
4,210,410 6,618,647 10,829,057 3,862,107 2,187,673 6,049,780
Other trading activities
• Trading income 343,986 – 343,986 288,130 – 288,130
• Investment income and interest 20,902 – 20,902 16,244 – 16,244
Total income 5,173,218 6,618,647 11,791,865 4,364,650 2,187,673 6,552,323
Expenditure on:
• Raising funds 504,294 – 504,294 300,793 – 300,793
Expenditure on charitable
activities:
• Membership services 3 3,542,792 – 3,542,792 2,097,724 – 2,097,724
– –
• Health and wellbeing projects 470,909 470,909 425,823 425,823
• Youth projects – 245,825 245,825 – 192,907 192,907
• Education and cycle training 289,872 (670) 289,202 192,572 10,000 202,572
• Campaigning 950,073 46,755 996,828 480,251 85,059 565,310
–
• Cycling development – 5,928,851 5,928,851 1,474,090 1,474,090
• Cycling holidays 456,314 – 456,314 1,240,158 – 1,240,158
5,239,051 6,691,670 11,930,721 4,010,705 2,187,879 6,198,584
Total expenditure 5,743,345 6,691,670 12,435,015 4,311,498 2,187,879 6,499,377
Net (expenditure)/income before
gains on investment (570,127) (73,023) (643,150) 53,152 (206) 52,946
Unrealised gain on investments 56,962 – 56,962 30,832 – 30,832
Net (expenditure)/income (513,165) (73,023) (586,188) 83,984 (206) 83,778
Transfers between funds – – – (41,491) 41,491 –
Net movement in funds (513,165) (73,023) (586,188) 42,493 41,285 83,778
Reconciliation of funds:
Total funds brought forward 12 6,025,008 231,497 6,256,505 5,982,515 190,212 6,172,727
Total funds carried forward 5,511,843 158,474 5,670,317 6,025,008 231,497 6,256,505
**----- End of picture text -----**
## Charitable parent company statement of financial activities
## Period ended 31 March 2021 (including income and expenditure account)
**----- Start of picture text -----**
Total funds Total funds
Period Year ended
ended 30
Unrestricted Restricted 31 March Unrestricted Restricted September
funds funds 2021 funds funds 2019
Notes £ £ £ £ £ £
Income from:
Donations and legacies 1 597,920 – 597,920 175,499 – 175,499
Transferred from the Cyclists' 17 – – – 152,029 – 152,029
Defence Fund
Income from charitable activities:
• Membership 3,601,264 – 3,601,264 2,472,567 – 2,472,567
• Grants – 6,417,846 6,417,846 – 1,946,996 1,946,996
• Sales and services provided 131,181 200,801 331,982 73,348 240,677 314,025
• Other income 210,431 – 210,431 114,105 – 114,105
3,942,876 6,618,647 10,561,523 2,660,020 2,187,673 4,847,693
Other trading activities
• Trading income 343,986 – 343,986 288,130 – 288,130
• Investment income and interest 20,902 – 20,902 16,244 – 16,244
Total income 4,905,684 6,618,647 11,524,331 3,291,922 2,187,673 5,479,595
Expenditure on:
• Raising funds 504,294 – 504,294 300,793 – 300,793
Expenditure on charitable
activities:
• Membership services 3 3,547,925 – 3,547,925 2,111,704 – 2,111,704
– –
• Health and wellbeing projects 470,909 470,909 425,823 425,823
• Youth projects – 245,825 245,825 – 192,907 192,907
• Education and cycle training 285,584 (670) 284,914 192,150 10,000 202,150
• Campaigning 950,073 46,755 996,828 452,319 85,059 537,378
–
• Cycling development – 5,928,851 5,928,851 1,474,090 1,474,090
4,783,582 6,691,670 11,475,252 2,756,173 2,187,879 4,944,052
Total expenditure 5,287,876 6,691,670 11,979,546 3,056,966 2,187,879 5,244,845
Net (expenditure)/income before
gains on investment (382,192) (73,023) (455,215) 234,956 (206) 234,750
Unrealised gain on investments 56,962 – 56,962 30,832 – 30,832
Net (expenditure)/income (325,230) (73,023) (398,253) 265,788 (206) 265,582
Transfers between funds – – – (41,491) 41,491 –
Net movement in funds (325,230) (73,023) (398,253) 224,297 41,285 265,582
Reconciliation of funds:
Total funds brought forward 12 5,061,861 231,497 5,293,358 4,837,564 190,212 5,027,776
Total funds carried forward 4,736,631 158,474 4,895,105 5,061,861 231,497 5,293,358
**----- End of picture text -----**
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Cycling UK Annual Report and Financial Statements 2019–21
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## Consolidated balance sheet
## Period ended 31 March 2021
**----- Start of picture text -----**
Total funds Total funds
Period ended Year ended
31 March 30 September
2021 2021 2019 2019
Notes £ £ £ £
Fixed assets
Tangible assets 7 1,508,332 1,370,783
Investments 8 550,126 493,164
Total fixed assets 2,058,458 1,863,947
Current assets
Stocks – goods for resale 22,336 18,481
Debtors 9 1,299,751 519,646
Cash at bank and in hand 5,164,205 6,393,005
Total current assets 6,486,292 6,931,132
Creditors: amounts falling due within one year 10 (2,764,932) (2,381,508)
Net current assets 3,721,360 4,549,624
Total net assets less current liabilities 5,779,818 6,413,571
Creditors: amounts falling due after more than one year 11 (109,501) (157,066)
Net assets 5,670,317 6,256,505
The funds of the charity:
Unrestricted funds
Designated funds
• Premises sinking fund 1,303 1,303
• CDF – Legal fund 83,019 77,029
• CDF – Advocacy fund 75,000 75,000
• Life membership fund 278,899 205,776
• Legal advice scheme fund 104,578 104,578
542,799 463,686
General funds 4,969,044 5,561,322
Total unrestricted funds 5,511,843 6,025,008
Restricted funds 158,474 231,497
Total charity funds 12 5,670,317 6,256,505
**----- End of picture text -----**
## Charitable parent company balance sheet
## Period ended 31 March 2021
**----- Start of picture text -----**
Total funds Total funds
Period ended Year ended
31 March 30 September
2021 2021 2019 2019
Notes £ £ £ £
Fixed assets
Tangible assets 7 1,508,332 1,370,783
Investments 8 585,147 528,185
Total fixed assets 2,093,479 1,898,968
Current assets
Stocks – goods for resale 22,336 18,481
Debtors 9 1,327,350 505,078
Cash at bank and in hand 4,287,065 5,241,421
Total current assets 5,636,751 5,764,980
Creditors: amounts falling due within one year 10 (2,725,624) (2,213,524)
Net current assets 2,911,127 3,551,456
Total net assets less current liabilities 5,004,606 5,450,424
Creditors: amounts falling due after more than one year 11 (109,501) (157,066)
Net assets 4,895,105 5,293,358
The funds of the charity:
Unrestricted funds
Designated funds
• Premises sinking fund 1,303 1,302
• CDF – Legal fund 83,019 77,029
• CDF – Advocacy fund 75,000 75,000
• Life membership fund 278,899 205,776
• Legal advice scheme fund 104,578 104,578
542,799 463,685
General funds 4,193,832 4,598,176
Total unrestricted funds 4,736,631 5,061,861
Restricted funds 158,474 231,497
Total charity funds 12 4,895,105 5,293,358
**----- End of picture text -----**
## **Dr Janet Atherton OBE**
## **Approved on 20 July 2021**
Page 58
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## Consolidated statement of cash flows
## Period ended 31 March 2021
**----- Start of picture text -----**
Period ended Year ended
31 March 30 September
2021 2019
Notes £ £
Cash flows from operating activities
Net cash (used in) provided by operating activities A (950,327) 674,143
Cash flows from investing activities
Dividends and interest from investments 20,902 16,244
Purchase of tangible fixed assets (299,375) (126,934)
Net cash used in investing activities (278,473) (110,690)
Change in cash and cash equivalents in the year (1,228,800) 563,453
Cash and cash equivalents at 1 October 2019 B 6,393,005 5,829,552
Cash and cash equivalents at 31 March 2021 B 5,164,205 6,393,005
**----- End of picture text -----**
**Notes to the statement of cashflows for the period to 31 March 2021**
## **A. Reconciliation of net movement in funds to net cash flow from operating activities**
|**A. Reconciliation of net movement in funds to net cash fow from operating activities**||
|---|---|
|**Net movement in funds (as per the statement of fnancial activities)**
**Adjustments for:**
Depreciation charges
Gains on investments
Dividends and interest from investments
Increase in stocks
(Increase) Decrease in debtors
Increase in creditors
**Net cash provided by operating activities**|**(586,188)**
83,778
**161,827**
79,668
**(56,962)**
(30,832)
**(20,902)**
(16,244)
**(3,855)**
(2,099)
**(780,105)**
52,947
**335,858**
506,925|
||**(950,327)**
674,143|
|**B. Analysis of cash and cash equivalents**
Cash at bank and in hand
**Total cash and cash equivalents**|**5,164,205**
6,393,005|
||**5,164,205**
6,393,005|
## Principal accounting policies
## The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.
The most significant areas of judgement that affect items in the financial statements are detailed above. With regard to the next accounting period, the year ending 31 March 2022, the other significant areas that affect the carrying value of the assets held by the charity are the level of investment return, the performance of the investment markets and any economic uncertainty that may continue to arise following the Covid pandemic.
## **Basis of preparation**
These financial statements have been prepared for the period ended 31 March 2021 with comparatives for the year to 30 September 2019.During the period the accounting reference date was extended to 31 March 2021 to align more closely with other organisations. Comparative numbers in the financial statements and related notes to the accounts are therefore not entirely comparable.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these financial statements.
## **Basis of consolidation**
The group financial statements consolidate on a line by line basis the financial statements of Cyclists’ Touring Club (“the Charity”), Cyclists’ Touring Club (Sales) Limited, Cyclists’ Touring Club (Central) Limited, CTC Cycling Holidays and Tours Limited, CTC (Cycle Racing) Limited, The Cyclists’ Defence Fund (in 2019) and CTC Charitable Trust together with the four other subsidiaries (listed in note 16) which control the activities of the member groups.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.
## **Income recognition**
Income is recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably, and it is probable that the income will be received.
The charity constitutes a public benefit entity as defined by FRS 102.
Income comprises membership subscriptions, grant funding, services provided to organisations, donations, legacies, investment income, cycling holidays, trading income and other income.
The financial statements are presented in sterling and are rounded to the nearest pound.
## **Assessment of going concern**
Subscriptions received for periods of membership after 31 March 2021 are deferred and will be credited to income in future periods up to 2022.
The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements.
Where grant funding is received in advance, the amount is deferred and released to the Statement of Financial Activities monthly, based on the advance claim made and any required adjustment is then made once the next claim is submitted
As set out above the charity remains in a strong position despite the coronavirus pandemic given the increased popularity and focus on cycling and even where there are some known impacts on the charity the trustees believe that appropriate measures have been put in place to address shortfalls in income and to reduce expenditure and maintain a strong level of reserves.
Donations received under Gift Aid are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.
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Legacies are included in the statement of financial activities when the charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any conditions attached to the legacy are within the control of the charity.
Entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, but the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title of the asset having been transferred to the charity.
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
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 paid or payable by the bank.
In accordance with the Charities SORP FRS 102 volunteer time is not recognised.
## **Expenditure recognition**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual’s basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings. The classification between activities is as follows:
1. Expenditure on charitable activities includes all costs associated with furthering the charitable purposes of the charity through the provision of its charitable activities. Such costs include staff costs, an allocation of support costs, capital and non-capital costs for delivering programmes.
2. Charitable grants and donations are made where the trustees consider there is real need following a review of the details of each particular case and comprise single year payments rather than multi-year grants.
Grants and donations are included in the statement of financial activities when approved for payment. Provision is made for grants and donations approved but unpaid at the period end.
All expenditure is stated inclusive of irrecoverable VAT.
## **Grant making**
Cycling UK engages in grant making activity where it clearly contributes to the achievement of our objects and strategic aims. These grants typically relate to projects involving the development of community cycle projects and delivery of cycle development activity. During the period expenditure on grant making activity increased significantly following the provision of additional restricted funds from the Department for Transport, Transport Scotland and Sport England. These grants were largely paid to local community organisations and small cycle businesses and enterprises (sole traders) for the provision of Dr Bike repairs in England under the Big Bike Revival programme, and in Scotland for the Scottish Cycle Repair Scheme. Any grant award is subject to a satisfactory due diligence process and payment is linked to grant agreement terms and conditions and subject to regular monitoring and reporting.
## **Allocation of support and governance costs**
Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment.
Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect to its compliance with regulation and good practice.
Support costs and governance costs are apportioned on a percentage basis of total expenditure and the charitable activities. Staff related costs are allocated in the same proportion as directly attributable staff costs.
## **Tangible fixed assets**
All assets costing more than £500 and with an expected useful life exceeding one year are capitalised.
## **• Freehold land and buildings**
Freehold properties used for the direct charitable work of the charity are included in these financial statements at cost at the date of acquisition together with the cost of additions and improvements to date.
Functional freehold properties are depreciated at a rate of 4% per annum in order to write the buildings off over their estimated useful economic life to the charity.
- **Other tangible fixed assets**
Other tangible fixed assets are capitalised at cost and depreciated at the following annual rates in order to write them off over their estimated useful lives:
Furniture and fittings Computer equipment Website
Furniture and fittings 10% per annum based on cost Computer equipment 33.3% per annum based on cost Website 33.3% per annum based on cost Fully depreciated assets are eliminated from the balance sheet.
Fixed assets purchased under grants are not capitalised by the charity in agreement with our funding arrangements.
## **Fixed asset investments**
Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.
The charity does not acquire put options, derivatives or other complex financial instruments.
As noted above the main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
Realised gains (or losses) on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value is acquired subsequent to the first day of the financial period. Unrealised gains and losses are calculated as the difference between the fair value at the period end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the period in which they arise.
## **Stocks**
Stocks comprise goods held for resale and are valued at the lower of cost and net realisable value.
## **Debtors**
Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.
## **Cash at bank and in hand**
Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short-term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.
Page 61 Cycling UK Annual Report and Financial Statements 2019–21
> Cycling UK Annual Report and Financial Statements 2019–21 Page 62
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **Creditors and provisions**
Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.
## **Fund structure**
General funds represent those monies which are freely available for application towards achieving any charitable purpose that falls within the charity’s charitable objects.
Designated funds comprise monies set aside out of unrestricted general funds for specific future purposes or projects and are described as follows:
- Premises sinking fund – This relates to monies set aside when the property at Railton Road was purchased in order to cover extraordinary repairs and maintenance costs.
- Life membership fund – Composition fees received from life members are credited to the life membership fund. 4% of the amount received in each year is transferred to the statement of financial activities annually.
- Legal advice scheme fund – The Charity has entered into a Collective Conditional Fee Agreement with Slater and Gordon (UK) LLP. Under this scheme, the charity receives a provision in respect of each legal case won. Provisions are held in the fund and used to meet defendants’ legal costs for cases lost or costs which cannot be met from defendants.
- CDF – Legal Fund – This is one of two funds established by the transfer of assets from The Cyclists’ Defence Fund. Funds are held for potential legal actions, particularly where the Charity may need to challenge highway authorities to take note of any proposals on cycle friendly infrastructure design. Where the fund is spent, it is the intention to maintain the size of the funding through future fundraising activity.
- CDF – Advocacy Fund – Funding is released and used in line with the charitable objects of the Cyclists’ Defence Fund after a request from Cycling UK’s Campaigns and Advocacy team.
Restricted funds comprise monies raised for, or their use restricted to, a specific purpose, or contributions subject to donor-imposed conditions.
## **Services provided by volunteers**
For the purposes of these financial statements, no value has been placed on administrative and other services provided by our 6,500 volunteers.
## **Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds.
## **Corporation tax**
Cycling UK is a registered charity and, therefore, is not liable to income tax or corporation tax on income or gains derived from its charitable activities, as they fall within the various exemptions for registered charities.
The trading subsidiaries of Cycling UK are liable to corporation tax on taxable profits. Current tax, including UK corporation tax and foreign tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
## **Value Added Tax**
Subscriptions are partly exempt and partly zero rated for value added tax purposes. Non-recoverable input tax is included within the relevant expenditure headings.
In the financial statements of non-VAT registered subsidiary companies, value added tax is included with the relevant expenditure.
## **Pension contributions**
Contributions in respect of the charity’s defined contribution pension scheme are charged to the statement of financial activities when they are payable to the scheme. The charity’s contributions are restricted to the contributions disclosed in note 14. There were no outstanding contributions at the period end. The charity has no liability beyond making its contributions and paying across the deductions for the employees’ contributions.
## **Post balance sheet events**
As set out above, from the balance sheet date to the date that the financial statements were approved, the coronavirus pandemic has continued to have a material impact on the holiday and touring industry with an inability to travel extensively and ongoing domestic and overseas travel restrictions. The board of trustees have therefore taken the decision to cease trading by CTC Cycling Holidays and Tours Ltd during the 2021–22 financial year and seek to wind up the company. No adjustment is required.
## Notes to the financial statements
## Period ended 31 March 2021
## **1 Donations and legacies**
**----- Start of picture text -----**
Total funds Total funds
Period ended Year ended
Group Unrestricted funds Restricted funds 31 March 2021 30 September 2019
£ £ £ £
Donations 177,192 – 177,192 72,486
–
Legacies 420,728 420,728 125,683
–
597,920 597,920 198,169
**----- End of picture text -----**
All donations and legacies were unrestricted in 2019
|Charity|**Unrestricted funds**
**£**
**Restricted funds**
**£**
**Total funds**
**Period ended**
**31 March 2021**
**£**
**Total funds**
**Year ended**
**30 September 2019**
**£**|
|---|---|
|Donations
Legacies|177,192
–
**177,192**
49,816
420,728
–
**420,728**
125,683|
||597,920
–
**597,920**
175,499|
All donations and legacies were unrestricted in 2019
## **2 Net income (expenditure) for the period**
## **This is stated after charging:**
**----- Start of picture text -----**
Group Charity
Total funds Total funds Total funds Total funds
Period ended Year ended Period ended Year ended
31 March 2021 30 September 2019 31 March 2021 30 September 2019
£ £ £ £
Buzzacott current period audit fee 21,150 24,845 14,150 13,150
Buzzacott non-audit services 20,370 14,125 16,370 14,125
Bank charges and interest 53,603 38,573 45,710 30,026
Depreciation 153,182 79,668 153,182 79,668
Non-recoverable VAT 52,260 30,382 52,260 30,382
**----- End of picture text -----**
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **3 Expenditure on charitable activities**
**----- Start of picture text -----**
Total funds
Staff Other direct Support Governance Period ended
Group costs costs costs costs 31 March 2021
£ £ £ £ £
Membership services 1,129,708 1,580,801 487,090 345,193 3,542,792
Health and wellbeing projects 223,840 201,758 45,311 – 470,909
Youth projects 118,758 84,583 42,484 – 245,825
Education and cycling training 163,542 51,884 56,727 17,049 289,202
Campaigning 640,340 185,775 138,769 31,944 996,828
Cycling development 2,051,578 3,583,880 283,191 10,202 5,928,851
Cycling holidays – 297,528 158,786 – 456,314
Total 4,327,766 5,986,209 1,212,358 404,388 11,930,721
Total funds
Year ended
Group Staff Other direct Support Governance 30 September
costs costs costs costs 2019
£ £ £ £ £
Membership services 494,719 1,097,870 279,361 225,774 2,097,724
–
Health and wellbeing projects 209,555 203,274 12,994 425,823
–
Youth projects 87,022 86,395 19,490 192,907
Education and cycling training 97,329 60,689 32,598 11,956 202,572
Campaigning 296,254 151,635 111,116 6,305 565,310
Cycling development 741,956 546,088 162,419 23,627 1,474,090
– –
Cycling holidays 1,157,021 83,137 1,240,158
Total 1,926,835 3,302,972 701,115 267,662 6,198,584
**----- End of picture text -----**
**----- Start of picture text -----**
Total funds
Staff Other direct Support Governance Period ended
Charity costs costs costs costs 31 March 2021
£ £ £ £ £
Membership services 1,129,708 1,585,934 487,090 345,193 3,547,925
Health and wellbeing projects 223,840 201,758 45,311 – 470,909
Youth projects 118,758 84,583 42,484 – 245,825
Education and cycling training 163,542 50,685 56,638 14,049 284,914
Campaigning 640,340 185,775 138,769 31,944 996,828
Cycling development 2,051,578 3,583,880 283,191 10,202 5,928,851
Total 4,327,766 5,692,615 1,053,483 401,388 11,475,252
**----- End of picture text -----**
|Charity|**Staff**
**costs**
**£**
**Other direct**
**costs**
**£**
**Support**
**costs**
**£**
**Governance**
**costs**
**£**
**Total funds**
**Year ended**
**30 September**
**2019**
**£**|
|---|---|
|Membership services
Health and wellbeing projects
Youth projects
Education and cycling training
Campaigning
Cycling development
Total|494,719
1,111,850
279,361
225,774
**2,111,704**
209,555
203,274
12,994
–
**425,823**
87,022
86,395
19,490
–
**192,907**
97,329
63,150
32,483
9,188
**202,150**
296,254
139,734
97,451
3,939
**537,378**
741,956
546,088
162,419
23,627
**1,474,090**|
||1,926,835
2,150,491
604,198
262,528
**4,944,052**|
## **4 Grants**
The charity makes grants to individuals and institutions in accordance with its grant making policy.
## **Grants payable during the period were for the following purposes:**
**----- Start of picture text -----**
Total funds Total funds
Period ended Year ended
31 March 2021 30 September 2019
Group and charity £ £
Play Together on Pedals 500 3,365
Big Bike Revival 1,252,551 103,969
Big Bike Revival (Scotland) 198,079 55,928
–
Scottish Cycle Repair Scheme 1,500,000
WYCA Access to Bike Community Clubs 1,340 2,319
Southampton CC – 600
WMCA/TFGM – Community Clubs 2,132 8,237
–
Sport England 104,401
3,059,003 174,418
**----- End of picture text -----**
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **5 Support costs**
**----- Start of picture text -----**
Total funds
Premises General Other staff- Financial Period ended
Group costs office related costs costs 31 March 2021
£ £ £ £ £
Cost of raising funds 7,362 29,355 24,069 18,507 79,293
Membership services 45,223 180,325 147,854 113,688 487,090
Health and wellbeing projects 4,207 16,774 13,754 10,576 45,311
Youth projects 3,944 15,726 12,894 9,920 42,484
Education and cycle training 5,259 20,968 17,192 13,309 56,728
Campaigning 12,883 51,372 42,121 32,393 138,769
Cycling development 26,293 104,839 85,962 66,097 283,191
– –
Cycling holidays 148,665 10,121 158,786
105,171 568,024 343,846 274,611 1,291,652
**----- End of picture text -----**
|Group|**Premises**
**costs**
**£**
**General**
**offce**
**£**
**Other staff-**
**related costs**
**£**
**Financial**
**costs**
**£**
**Total funds**
**Year ended**
**30 September**
**2019**
**£**|
|---|---|
|Cost of raising funds
Membership services
Health and wellbeing projects
Youth projects
Education and cycle training
Campaigning
Cycling development
Cycling holidays|5,088
24,794
3,854
11,741
**45,477**
31,255
152,309
23,671
72,126
**279,361**
1,454
7,084
1,101
3,355
**12,994**
2,181
10,626
1,651
5,032
**19,490**
3,634
17,710
2,752
8,502
**32,598**
10,903
53,131
21,922
25,160
**111,116**
18,172
88,552
13,762
41,933
**162,419**
–
74,776
–
8,361
**83,137**|
||72,687
428,982
62,713
176,210
**746,592**|
**----- Start of picture text -----**
Total funds
Premises General Other staff- Financial Period ended
Charity costs office related costs costs 31 March 2021
£ £ £ £ £
Cost of raising funds 7,362 29,355 24,069 18,507 79,293
Membership services 45,223 180,325 147,854 113,688 487,090
Health and wellbeing projects 4,207 16,774 13,754 10,576 45,311
Youth projects 3,944 15,726 12,894 9,920 42,484
Education and cycling training 5,259 20,968 17,192 13,219 56,638
Campaigning 12,883 51,372 42,121 32,393 138,769
Cycling development 26,293 104,839 85,962 66,097 283,191
105,171 419,359 343,846 264,400 1,132,776
**----- End of picture text -----**
|Charity|**Premises**
**costs**
**£**
**General**
**offce**
**£**
**Other staff-**
**related costs**
**£**
**Financial**
**costs**
**£**
**Total funds**
**Year ended**
**30 September**
**2019**
**£**|
|---|---|
|Cost of raising funds
Membership services
Health and wellbeing projects
Youth projects
Education and cycling training
Campaigning
Cycling development|5,088
24,794
3,854
11,741
**45,477**
31,255
152,309
23,671
72,126
**279,361**
1,454
7,084
1,101
3,355
**12,994**
2,181
10,626
1,651
5,032
**19,490**
3,634
17,710
2,752
8,387
**32,483**
10,903
53,131
8,257
25,160
**97,451**
18,172
88,552
13,762
41,934
**162,419**|
||72,687
354,206
55,048
167,734
**649,676**|
Support costs comprise costs incurred directly in support of expenditure on charitable objects and include finance and administration costs. Support costs are allocated between activities based on the proportion of direct expenditure attributable to each activity. This is an adequate estimate of the amount of time and resources used for each activity during the period.
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## **6 Governance costs**
**----- Start of picture text -----**
Staff salaries Legal Total funds
& related Trustees Audit & & other General Period ended
Group costs meetings accountancy professional costs 31 March 2021
£ £ £ £ £ £
Membership services 297,242 2,848 28,569 11,600 4,934 345,193
Education and cycle training 12,097 116 4,163 472 201 17,049
Campaigning 31,107 50 498 203 86 31,944
Cycling development 5,184 298 2,990 1,214 516 10,202
– – – – – –
Cycling holidays
345,630 3,312 36,220 13,489 5,737 404,388
Total funds
Staff salaries Legal Year ended
Group & related Trustees Audit & & other General 30 September
costs meetings accountancy professional costs 2019
£ £ £ £ £ £
Membership services 165,430 15,604 23,374 10,618 10,748 225,774
Education and cycle training 951 437 3,032 6,901 635 11,956
Campaigning 408 188 2,481 2,885 343 6,305
Cycling development 2,446 1,125 1,111 17,312 1,633 23,627
– – – – – –
Cycling holidays
169,235 17,354 29,998 37,716 13,359 267,662
**----- End of picture text -----**
**----- Start of picture text -----**
Staff salaries Legal Total funds
& related Trustees Audit & & other General Period ended
Charity costs meetings accountancy professional costs 31 March 2021
£ £ £ £ £ £
Membership services 297,242 2,848 28,569 11,600 4,934 345,193
Education and cycle training 12,097 116 1,163 472 201 14,049
Campaigning 31,107 50 498 203 86 31,944
Cycling development 5,184 298 2,990 1,214 516 10,202
345,630 3,312 33,220 13,489 5,737 401,388
**----- End of picture text -----**
|Charity|**Staff salaries**
**& related**
**costs**
**£**
**Trustees**
**meetings**
**£**
**Audit &**
**accountancy**
**£**
**Legal**
**& other**
**professional**
**£**
**General**
**costs**
**£**
**Total funds**
**Year ended**
**30 September**
**2019**
**£**|
|---|---|
|Membership services
Education and cycle training
Campaigning
Cycling development|165,430
15,604
23,374
10,618
10,748
**225,774**
951
437
432
6,733
635
**9,188**
408
188
186
2,885
272
**3,939**
2,446
1,125
1,111
17,312
1,633
**23,627**|
||169,235
17,354
25,103
37,548
13,288
**262,528**|
Page 69 Cycling UK Annual Report and Financial Statements 2019–21
Page 70
Cycling UK Annual Report and Financial Statements 2019–21
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **7 Fixed assets**
**----- Start of picture text -----**
Refurbishments, Total funds
Freehold land & furniture & Website & Period ended
Group and charity buildings equipment Digital Strategy 31 March 2021
£ £ £ £
Cost
At 1 October 2019 1,564,710 187,639 69,632 1,821,981
–
Additions during the period 164,310 135,065 299,375
–
Fully depreciated assets written off (35,879) (64,918) (100,797)
At 31 March 2021 1,564,710 316,070 139,779 2,020,559
Depreciation
At 1 October 2019 360,109 37,890 53,198 451,197
Charge for year 39,883 90,553 31,391 161,827
–
Fully depreciated assets written off (35,879) (64,918) (100,797)
At 31 March 2021 399,992 92,564 19,671 512,227
Net book value
At 31 March 2021 1,164,718 223,506 120,108 1,508,332
At 30 September 2019 1,204,601 149,747 16,435 1,370,783
**----- End of picture text -----**
The carrying value of the property is reviewed for impairment on an annual basis by the Finance and Performance Committee who note rental value and market value of properties of similar size and geographic location to determine is an impairment may be required.
## **8 Investments**
**----- Start of picture text -----**
Total funds Total funds
Group Period ended 31 March 2021 Year ended 30 September 2019
£ £
Listed investments 550,126 493,164
Total funds Total funds
Charity Period ended 31 March 2021 Year ended 30 September 2019
£ £
Unquoted investments 35,021 35,021
Listed investments 550,126 493,164
585,147 528,185
**----- End of picture text -----**
|Listed investments|**Total funds**
**Period ended 31 March 2021**
**£**
**Total funds**
**Year ended 30 September 2019**
**£**|
|---|---|
|Market value at 1 October 2019
Net investment gains
Market value at 31 March 2021
Cost of listed investments at 30 September 2019|**493,164**
462,332
**56,962**
30,832|
||**550,126**
493,164|
||**399,898**
399,898|
**The total unrealised gain as at 31 March 2021 constitutes movement on revaluation and are as follows:**
||**Total funds**
**Period ended 31 March 2021**
**£**
**Total funds**
**Year ended 30 September 2019**
**£**|
|---|---|
|**Unrealised gains included above:**
On investments
**Total unrealised gains at 31 March 2021**
**Reconciliation of movements in unrealised gains:**
Unrealised gains at 1 October 2019
Add: net gains arising on revaluation in the year|**150,228**
93,266|
||**150,228**
93,266|
||**93,266**
62,434|
||**56,962**
30,832|
||**150,228**
93,266|
Page 72
Page 71 Cycling UK Annual Report and Financial Statements 2019–21
Cycling UK Annual Report and Financial Statements 2019–21
Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **8 Investments (continued)**
**Listed investments (all funds split geographically between Worldwide, UK & Europe) held at 31 March 2021 comprised the following:**
**----- Start of picture text -----**
Total funds Total funds
Period ended 31 March Year ended 30 September
2021 2019
£ £
MSCI World shares – listed on the London Stock Exchange 380,132 322,205
Euro & Sterling bonds – listed on the London Stock Exchange 169,994 170,959
550,126 493,164
Total funds Total funds
Period ended 31 March Year ended 30 September
2021 2019
£ £
Unquoted investments 35,021 35,021
Unquoted investments comprise:
Cyclists’ Touring Club (Sales) Limited 3 3
Cyclists’ Touring Club (Central) Limited 3 3
Cyclists’ Touring Club (Eastern) Limited 3 3
Cyclists’ Touring Club (Northern) Limited 3 3
Cyclists’ Touring Club (Southern) Limited 3 3
Cyclists’ Touring Club (Western) Limited 3 3
CTC Cycling Holidays and Tours Limited 35,000 35,000
CTC (Cycle Racing) Limited 3 3
£1 ordinary shares at cost 35,021 35,021
**----- End of picture text -----**
**The Club holds the whole of the allotted share capital of each of the following companies, all of which are registered in England:**
|**in England:**||
|---|---|
|Cyclists’ Touring Club (Sales) Limited|Dormant company|
|Cyclists’ Touring Club (Central) Limited|Organises and promotes national cycling events|
|Cyclists’ Touring Club (Eastern) Limited|These subsidiaries comprise member groups whose aims are
to promote cycling activities to their members in their areas|
|Cyclists’ Touring Club (Northern) Limited||
|Cyclists’ Touring Club (Southern) Limited||
|Cyclists’ Touring Club (Western) Limited||
|CTC Cycling Holidays and Tours Limited|Organises cycling touring holidays to members|
|CTC (Cycle Racing) Limited|Dormant company|
|The Cyclists' Defence Fund Limited|Dormant company|
The Club is also the sole member of a. The Cyclists’ Defence Fund, a company registered in England & Wales and limited by guarantee and a registered charity in England & Wales which works to raise awareness of the law relating to cyclists. b. CTC Charitable Trust, a charity registered in England, Wales & Scotland which works to promote cycling by raising public awareness of its health, social and environmental benefits by working with all. Both companies are now dormant.
## **9 Debtors**
**----- Start of picture text -----**
Group Charity
Total funds Total funds Total funds Total funds
Period ended Year ended Period ended Year ended
31 March 2021 30 September 2019 31 March 2021 30 September 2019
£ £ £ £
Trade debtors 197,412 88,220 227,412 88,220
– – –
Amounts due from group companies 3,101
Other debtors 120,089 111,788 112,504 111,788
Prepayments & accrued income 982,250 319,638 984,333 305,070
1,299,751 519,646 1,327,350 505,078
**----- End of picture text -----**
## **10 Creditors: amounts due within one year**
**----- Start of picture text -----**
Group Charity
Total funds Total funds Total funds Total funds
Period ended Year ended Period ended Year ended
31 March 2021 30 September 2019 31 March 2021 30 September 2019
£ £ £ £
Trade creditors 122,006 203,255 108,586 203,242
Accruals 98,398 102,392 89,398 92,992
Amounts due to group companies – – 7,163 7,763
Taxes and social security 98,871 45,752 98,871 43,398
Deferred income 1,097,799 709,431 1,073,751 545,454
Other creditors 13,979 64,318 13,976 64,315
Subscriptions in advance 1,256,600 1,166,827 1,256,600 1,166,827
Commuted subscriptions in advance 77,279 89,533 77,279 89,533
2,764,932 2,381,508 2,725,624 2,213,524
**----- End of picture text -----**
||**2,764,932**
2,381,508|**2,725,624**|2,213,524|
|---|---|---|---|
|||||
||Group
**Total funds**
**Period ended**
**31 March 2021**
**£**
**Total funds**
**Year ended**
**30 September 2019**
**£**|Charity
**Total funds**
**Period ended**
**31 March 2021**
**£**
**Total funds**
**Year ended**
**30 September 2019**
**£**||
|Deferred income at 1 October 2019|**709,431**
412,915|**545,454**|198,291|
|Released during the period|**(5,874,509)**
(1,721,676)|**(5,703,732)**|(1,507,053)|
|Resources deferred in the period|**6,262,877**
2,018,192|**6,232,029**|1,854,216|
|Deferred income at 31 March 2021|**1,097,799**
709,431|**1,073,751**|545,454|
Deferred income for the Group at 31 March 2021 related to £24,048 of Tour income received for Cycling Holidays and Tours activity and £1,073,751 of grants received in respect of the year end 31 March 2022.
## **11 Creditors amounts due after more than one year**
|Group and Charity|Group and Charity|
|---|---|
|**Total funds**
**Period ended 31 March 2021**
**£**|**Total funds**
**Year ended 30 September 2019**
**£**|
|Commuted subscriptions in advance
**109,501**|157,066|
Page 73 Cycling UK Annual Report and Financial Statements 2019–21
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **12 Movement in funds**
**----- Start of picture text -----**
Unrealised gains Total funds
At 1 October on investments Period ended
Group 2019 Income Expenditure & transfers 31 March 2021
£ £ £ £ £
Unrestricted funds
Designated funds
–
• Life membership fund 205,776 83,277 (10,154) 278,899
– – –
• Legal advice scheme fund 104,578 104,578
– –
• CDF – Legal fund 77,029 5,990 83,019
– – –
• CDF – Advocacy fund 75,000 75,000
• Premises sinking fund 1,303 – – – 1,303
–
463,686 89,267 (10,154) 542,799
General funds 5,561,322 5,083,951 (5,733,191) 56,962 4,969,044
Total unrestricted funds 6,025,008 5,173,218 (5,743,345) 56,962 5,511,843
Restricted funds
Health and wellbeing projects 58,914 460,474 (470,909) (15,319) 33,160
–
Youth projects 39,744 210,743 (245,825) 4,662
Education and cycle training – – 670 – 670
Cycling development 132,450 5,885,625 (5,928,851) 15,319 104,543
Campaigning 389 61,805 (46,755) – 15,439
Total restricted funds 231,497 6,618,647 (6,691,670) – 158,474
Total funds 6,256,505 11,791,865 (12,435,015) 56,962 5,670,317
Unrealised gains Total funds
At 1 October on investments Period ended
Charity 2019 Income Expenditure & transfers 31 March 2021
£ £ £ £ £
Unrestricted funds
• Life membership fund 205,776 83,277 (10,154) – 278,899
• Legal advice scheme fund 104,578 – – – 104,578
• CDF – Legal fund 77,029 5,990 – – 83,019
• CDF – Advocacy fund 75,000 – – – 75,000
• Premises sinking fund 1,303 – – – 1,303
463,686 89,267 (10,154) – 542,799
General funds 4,598,175 4,816,417 (5,277,722) 56,962 4,193,832
Total unrestricted funds 5,061,861 4,905,684 (5,287,876) 56,962 4,736,631
Restricted funds
Health and wellbeing projects 58,914 460,474 (470,909) (15,319) 33,160
Youth projects 39,744 210,743 (245,825) – 4,662
Education and cycle training – – 670 – 670
Campaigning 389 61,805 (46,755) – 15,439
Cycling development 132,450 5,885,625 (5,928,851) 15,319 104,543
Total restricted funds 231,497 6,618,647 (6,691,670) – 158,474
Total funds 5,293,358 11,524,331 (11,979,546) 56,962 4,895,105
**----- End of picture text -----**
## **Funds carried forward are made up of the following:**
## **Life membership fund**
Unrestricted funds which the trustees transfer to the Statement of Financial Activities at a rate of 4% per annum. These funds are to cover the costs of those members who have taken out a life membership.
## **Legal advice scheme fund**
Unrestricted funds which the trustees have allocated for the provision of legal advice to members involved in cycling-related accidents.
## **CDF Legal Fund**
Unrestricted funding set aside to support legal action and cases where the rights of cyclists or opportunities to cycle are significantly affected.
## **CDF Advocacy Fund**
Unrestricted funding to support advocacy and campaigning where the rights of cyclists or opportunities to cycle are significantly affected.
## **Premises sinking fund**
Unrestricted funds which the trustees have allocated for the repair and maintenance of the Railton Road premises.
## **General funds**
Unrestricted funds that may be used to further the charity’s objects.
## **Health and wellbeing projects**
|Community engagement/|Working with Liverpool City Council (Mersey Travel) & West Midlands Combined Authority|
|---|---|
|Big Bike Revival/|delivering community groups and cycling initiatives; and Sport England funding from their|
|Tackling inequalities|tackling inequalities fund to support Community Cycle Clubs post-pandemic.|
|**Youth projects**||
|Play Together on Pedals|A project funded in Glasgow, by Glasgow City Council and in Edinburgh by Transport Scotland|
||to work with families to help them start cycling together.|
|**Education and cycle training**||
|In-Tandem|Funded by RS MacDonald charitable trust in Scotland to encourage new cycling participants|
||by experiencing tandem cycling.|
|**Campaigning**||
|Local Cycling and Walking|Funding to support ongoing support for Local Authorities develop infrastructure plans.|
|Infrastructure plan||
|**Cycling development**||
|Big Bike Revival|Supported by Essex County Council to enable and encourage active travel alongside
the Department for Transport funded Big Bike Revival programme.|
|Big Bike Revival (Scotland)|Supported by Transport Scotland as part of the Sustainable Transport policy to deliver
a programme to revive unused bikes as well as their owners’ interest in cycling.|
|Bike Bothy|A project funded by Inverclyde Council via SCSP, part of active travel getting people to cycle
to generate an active travel culture in Inverclyde.|
|Active Cairngorms e-bikes|Funded by the Cairngorms Trust to support the rollout of an e-bike pilot within the local
community.|
Page 76
Page 75 Cycling UK Annual Report and Financial Statements 2019–21
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **13 Analysis of net assets between funds**
**----- Start of picture text -----**
Total funds
Group Unrestricted funds Restricted funds Period ended 31 March 2021
£ £ £
Cash at bank and in hand 5,163,782 423 5,164,205
Fixed assets 2,058,458 – 2,058,458
Stocks 22,336 – 22,336
Debtors 1,141,700 158,051 1,299,751
Creditors (2,874,433) – (2,874,433)
5,511,843 158,474 5,670,317
Total funds
Group Unrestricted funds Restricted funds Year ended 30 September 2019
£ £ £
Cash at bank and in hand 6,215,524 177,481 6,393,005
Fixed assets 1,863,947 – 1,863,947
Stocks 18,481 – 18,481
Debtors 465,630 54,016 519,6469
Creditors (2,538,574) – (2,538,574)
6,025,008 231,497 6,256,505
**----- End of picture text -----**
|Charity|**Unrestricted funds**
**£**
**Restricted funds**
**£**
**Total funds**
**Period ended 31 March 2021**
**£**|
|---|---|
|Cash at bank and in hand
Fixed assets
Stocks
Debtors
Creditors|4,286,642
423
**4,287,065**
2,093,479
–
**2,093,479**
22,336
–
**22,336**
1,169,299
158,051
**1,327,350**
(2,835,125)
**(2,835,125)**|
||4,736,631
158,474
**4,895,105**|
|||
|Charity|**Unrestricted funds**
**£**
**Restricted funds**
**£**
**Total funds**
**Year ended 30 September 2019**
**£**|
|Cash at bank and in hand
Fixed assets
Stocks
Debtors
Creditors|5,063,940
177,481
5,241,421
1,898,968
–
1,898,968
18,481
–
18,481
451,062
54,016
505,078
(2,370,590)
–
(2,370,590)|
||5,061,861
231,497
**5,293,358**|
## **14 Staff costs**
**----- Start of picture text -----**
Total funds Total funds
Period ended Year ended
Project staff Non-project staff 31 March 2021 30 September 2019
£ £ £ £
Salaries payable 1,965,750 2,463,188 4,428,938 2,020,060
Social security costs 161,807 235,429 397,236 173,832
Pension costs 87,699 110,555 198,254 82,855
2,215,256 2,809,172 5,024,428 2,276,747
**----- End of picture text -----**
## **The average number of employees analysed by function was:**
**----- Start of picture text -----**
Actual numbers Full time equivalent
2021 2019 2021 2019
No. No.
Health and wellbeing 4 6 4 6
Youth projects 2 3 2 3
Education and cycle training 2 2 2 2
Campaigns 9 6 8 6
Cycling development 49 27 39 22
Support and administration 38 27 37 26
104 71 92 65
**----- End of picture text -----**
## **During the year the number of employees earning £60,000 or more (including taxable benefits and excluding employer pension contributions) was as follows:**
**----- Start of picture text -----**
2021 2019
£ £
£60,000 – £69,999 3 4
£70,000 – £79,999 1 –
– –
£80,000 – £89,999
£90,000 – £99,999 1 1
**----- End of picture text -----**
Page 78
Page 77 Cycling UK Annual Report and Financial Statements 2019–21
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## **Key management personnel comprise the Chief Executive, Director of Organisational Effectiveness & Finance, Director of Income Generation, Director of Behaviour Change and Director of Engagement & Influence.**
The total remuneration (including taxable benefits, employer’s pension contributions and employers’ national insurance contributions) paid to key management personnel during the year was as set out in the table as follows.
**----- Start of picture text -----**
|||
|---|---|
|Period ended 31 March 2021|Year ended 30 September 2019|
|£|£|
|354,396|325,026|
**----- End of picture text -----**
The tables above are shown on an annualised basis and not on the basis of total earnings over the 18-month period to the balance sheet date.
**During the period to 31 March 2021 the number of employees earning £60,000 or more (including taxable benefits and excluding employer pension contributions) was as follows:**
**----- Start of picture text -----**
Period ended 31 March 2021 Year ended 30 September 2019
£ £
£60,000 – £69,999 6 4
£70,000 – £79,999 4 –
£80,000 – £89,999 1 –
£90,000 – £99,999 2 1
**----- End of picture text -----**
## **The total remuneration (including taxable benefits, employer’s pension contributions and employers’ national insurance contributions) paid to key management personnel during the period was as set out in the table as follows:**
**----- Start of picture text -----**
|||
|---|---|
|Period ended 31 March 2021|Year ended 30 September 2019|
|£|£|
|531,594|325,026|
|During the period the total amount paid for staff redundancies was £67,324 (2019 – nil)|
**----- End of picture text -----**
## **16 Summary of subsidiaries accounts**
**----- Start of picture text -----**
Total funds
Surplus/ Period ended
(deficit) 31 March
Company Income Expenditure for the year 2021
number £ £ £ £
CTC (Central) Limited 1644669 29,998 4,288 25,710 43,839
CTC Cycling Holidays & Tours Limited 4106179 325,629 486,314 (160,685) 362,659
Cyclists Touring Club (Eastern) Limited 1101956 31,748 34,529 (2,781) 76,930
Cyclists Touring Club (Northern) Limited 1101957 29,089 37,502 (8,413) 199,915
Cyclists Touring Club (Southern) Limited 1101958 24,211 29,638 (5,427) 74,601
Cyclists Touring Club (Western) Limited 1101959 50,489 61,118 (10,629) 82,420
**----- End of picture text -----**
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|Total funds|
|Surplus/|Year ended|
|(deficit)|30 September|
|Company|Income|Expenditure|for the year|2019|
|number|£|£|£|£|
|CTC (Central) Limited|1644669|39,421|39,421|–|43,839|
|CTC Cycling Holidays & Tours Limited|4106179|1,301,822|1,266,146|35,676|523,344|
|The Cyclists’ Defence Fund Limited|4787626|24,965|30,227|(5,262)|–|
|Cyclists Touring Club (Eastern) Limited|1101956|43,822|42,810|1,012|79,711|
|Cyclists Touring Club (Northern) Limited|1101957|61,714|60,479|1,235|208,328|
|Cyclists Touring Club (Southern) Limited|1101958|37,883|40,439|(2,556)|80,076|
|Cyclists Touring Club (Western) Limited|1101959|114,786|118,175|(3,389)|93,049|
**----- End of picture text -----**
CTC (Sales) Limited, CTC Cycle Racing Limited and CTC Charitable Trust are currently non-trading subsidiaries.
## **15 Trustees’ remuneration and related party transactions**
None of the trustees received any remuneration in respect of their services during the period (2019 – £nil)
During the period out of pocket travelling expenses amounting to £2,829 (2019 – £7,655) were reimbursed to 10 (2019 – 13) trustees.
The Club has a guarantee with the Civil Aviation Authority to meet the liabilities of the subsidiary CTC Holidays & Tours Limited should it be unable to meet them.
Cyclists Touring Club (Eastern) Limited, Cyclists Touring Club (Northern)Limited, Cyclists Touring Club (Southern) Limited and Cyclists Touring Club (Western) Limited are exempt from the requirements of the Companies Act 2006 relating to the audit of the individual accounts by virtue of section 479A. To enable the exemption from audit under s479A to be claimed, the Club has guaranteed to meet all outstanding liabilities of these companies.
## **Related party transactions**
The charity has taken exemptions in FRS102 and has not reported transactions with consolidated group companies. Balances owed to and from group companies are disclosed in notes 9 and 10 of the financial statements. There are no other related party transactions during the period.
## **17 Transfer of assets**
In line with Note 12 from 1 October 2019 the CDF Legal fund and the CDF Advocacy fund have been managed as designated funds within Cycling UK.
As at 31 March 2021 the Legal fund balance is £83,019 (2019 £77,029) and the Advocacy fund balance is £75,000 (2019 £75,00).
Page 79 Cycling UK Annual Report and Financial Statements 2019–21
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Annual Report 2019–21 Cyclists’ Touring Club operating as Cycling UK
## Legal and administrative information
## **Committee Membership (current officers):**
**Trustees** Dr Janet Atherton (Chair) Christine Gibbons (Vice Chair) Fiona Abbott (appointed 1 January 2020) Paul Baker Melanie Carroll Rachel Kirkwood Andy MacNae Sam Marshall (appointed 1 January 2021) Mark Smith (appointed 26 June 2020) Robin Tucker (appointed 1 January 2021) Jacqueline Hills (resigned 7 May 2021) Dan Howard (resigned 31 December 2020) Andrew Key (resigned 31 December 2020) Carl Pearse (resigned 31 December 2020) Jaki Low (resigned 31 December 2019) Dr Julian Huppert (resigned 31 December 2019)
**Audit and Governance Committee** Christine Gibbons (Chair) Paul Baker Sam Marshall
**Finance and Performance Committee** Andy MacNae (Chair) Mark Smith Melanie Carroll Robin Tucker
**People and Culture Committee** Fiona Abbott (Chair) Rachel Kirkwood Sam Marshall
## **Nominations Committee**
Janet Atherton (Chair) Christine Gibbons Paul Baker Fiona Abbott Rachel Kirkwood
**CEO** Sarah Mitchell (appointed 19 October 2020) Paul Tuohy (resigned 30 April 2020) **Interim CEO** Pete Fitzboydon (appointed 1 May 2020 – 16 October 2020) **Company Secretary** Phil Hall (appointed 1 May 2020) Paul Tuohy (resigned 30 April 2020) **Registered address** Parklands Railton Road Guildford Surrey GU2 9JX **Company registration** 00025185 (England and Wales) **number Charity registration** 1147607 (England and Wales) **numbers** SC042541 (Scotland) “Cycling UK” is the trading brand and identity for “Cyclists’ Touring Club” (“CTC”). **Auditor** Buzzacott LLP 130 Wood Street London EC2V 6DL **Bankers** Royal Bank of Scotland 10 North Street Guildford Surrey GU1 4AQ **Solicitors** Farrer & Co LLP 66 Lincoln’s Inn Fields London WC2A 3LH **Investment managers** Rathbone Investment Management Limited Port of Liverpool Building Pier Head Liverpool L3 1NW
Page 81 Cycling UK Annual Report and Financial Statements 2019–21
Find us on:[Facebook and ] Twitter Support Cycling UK[|] T: 01483 238301 **cyclinguk.org** Cycling UK[|] Parklands[|] Railton Road[|] Guildford[|] Surrey[|] GU2 9JX
Cyclists’ Touring Club (CTC) a company limited by guarantee, registered in England no: 25185 Registered as a charity in England and Wales charity no: 1147607 and in Scotland charity no: sco42541