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← Julies Bicycle

2022-03-31-accounts

Directors/Trustees: Directors/Trustees: Tony Wadsworth
(Chairman)		 Tony Wadsworth
(Chairman)		 Tony Wadsworth
(Chairman)
Sian Alexander
Jonathan Badyal (appointed on 09/06/2021)
Melvin
Berm
John Enser
Neil Johnston (Company
Secretary)
David Joseph
Professor Diana Liverman
Farhana Yamin
Key Management Personnel:
Alison Tickell - Chief Executive Officer
Natalie
Highwood
- Managing		 Director
Chiara Badiali - Music Lead
Sylvia Cantino - Finance Manager (Freelance)
Paul Griffiths - Digital Product Lead (from January 2021)
Victoria Sword-Daniels
—Arts		 Council and Policy Progr. Lead (from November 2021)
Graciela Melitsko Thornton —Creative Green Programme Lead
Laura Pando - Managing
Director		 (resigned 22 November 2021)
Chief Executive: Alison Tickell
Registered Office: Somerset House
South Wing
Strand
London
WC2R 1LA
Company Number: 06040585 (England and Wales)
Charity Number: 1153441
Auditors: Azets Audit Services, Chartered Accountants
Floor, Regis House
45 King William Street
London
EC4R 9AN
Banks: HSBC pic Triodos Bank
108 London Road Deanery Road
Headington Bristol
Oxford BS1SAS
OX3 9AP

Unrestricted Designated Restricted
Funds Funds Funds Total Funds Total Funds
2021-22 2021-22 2021-22 2021-22 2020-21
Notes f f f f f
INCOME FROM:
Donations 21,816 51,281 73,097 71,036
Charitable
activities		 815,516 729,773 1,545,289 978,065
Other trading
activities		 15,000 1,275 16,275 55,750
Investments 416 416 1,090
Other Income 22,178
Total income 852,748 782,329 1,635,077 1,128,119
EXPENDITURE ON:
Raising funds 29,187 29,187 35,894
Charitable
activities:
Sustainable
Creative Practice		 7 558,048 33,015 56,366 647,429 531,663
Knowledge
and Skills		 7 107,421 23,172 87,651 218,244 68,388
Policy, advocacy and campaigns 7 36,924 3,917 610,656 651,497 149,887
Total expenditure 731,580 60,104 754,673 1,546,357 785,832
NET INCOME/(EXPENDITURE) 7 121,168 (60,104) 27,656 88,720 342,287
TRANSFERS BETWEEN FUNDS 12/13 (6,587) 5,232 1,355
NET MOVEMENT
IN FUNDS		 114,581 (54,872) 29,011 88,720 342,287
RECONCILIATION
OF FUNDS:
Total funds
brought
forward at 1April		 268,244 182,509 331,872 782,625 440,338
Total funds carried forward at 31March 382,825 127,637 360,883 871,345 782,625

Unrestricted Designated Restricted Total
Funds Funds Funds Total Funds Funds
2021-22 2021-22 2021-22 2021-22 2020-21
Notes E E E f E
FIXEDASSETS
Investments
Total fixed assets
CURRENT ASSETS
Debtors 10 399,755 399,755 212,410
Cash at bank and in hand 303,885 127,637 360,883 792,405 807,695
Total current assets 703,640 127,637 360,883 1,192,160 1,020,105
LIABILITIES
Creditors: amounts falling due within one year 11 (320,816) (320,816) (237,481)
Net current assets 382,824 127,637 360,883 871,344 782,624
Total assets less current liabilities 382,825 127,637 360,883 871,345 782,625
Total net assets 382 825 127637 360p883 871~345 782p625
FUNDS OF THE CHARITY
Restricted
funds		 12 360,883 360,883 331,872
Unrestricted
funds:		 13
General
funds		 382,825 382,825 268,244
Designated
funds		 127,637 127,637 182,509
Total charity funds 382,825 127,637 360,883 871,345 782,625
Notes 2021-22 2020-21
f f
Cash flows from operating activities
Net cash provided
by/used
in operating
activities		 (15,705) 377,595
Cash flows from investing activities
Dividends,
interests
and rents from investments		 416 1,090
Cash flows from financing activities
Change
in cash and cash equivalent
in the reporting		 period (15,289) 378,685
Cash and cash equivalents
at the beginning		 of the reporting period 807,695 429,010
Change
in cash and cash equivalents
due to		 exchange rate movements
Cash and cash equivalents at the end ofthe reporting period 792,406 807,695
(a) RECONCILIATION
OF NET INCOME/(EXPENDITURE)		 TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021-22 2020-21
f f
Net income/(expenditure)
for the reporting		 period 88,720 342,287
Adjustments
for:
Dividends,
interests		 and rent from investments (416) (1,090)
Loss/(profit)
on the		 sale of fixed assets
(Increase)/decrease in debtors (187,345) (11,454)
Increase/(decrease) in creditors 83,336 47,852
Net cash provided
by		 operating
activities		 (15,705) 377,595
2021-22 2020-21
(b) ANALYSIS OF CASH AND CASH EQUIVALENTS f f
Cash in hand 21 21
Notice deposit (less than 3 months) 792,384 807,674
Total cash and cash equivalents 792,405 807,695

2 DONATIONS DONATIONS Notes Unrestricted Restricted Tota I Total
2021-22 2021-22 2021-22 2020-21
E f f f
Donations 21,816 51,281 73,097 71,036
In 2020-21,f30,131ofthe total income from donations was attributable to the unrestricted fund, and the remaining
f40,905 was attributable to the restricted fund.
(aj Analysis of Donations Received Unrestricted Restricted Total Total
2021-22 2021-22 2021-22 2020-21
f f
Music Declares Emergency 41,281 41,281
P N Quicke 10,000 10,000 32,000
Universal Mus ic 20,000 20,000 20,000
Reliable Source 1,000 1,000
Living Green Ltd t/a Music Declares Emergency 500 500
Sam Thomason 250 250
Various donations to core costs 66 66 131
Warner Music 7,000
Domino Recording Company 3,000
Involved productions 3,000
Beggars Group
Ltd		 2,500
Nicolai Tangen 2,000
Dane Chantala 1,000
Various donations to Powerful Thinking 255
Various donations to Music Declares Emergency 150
21,816 51,281 73,097 71,036

Y E AR ENDING 31MARCH 202 2
Analysis of Primary Purpose Trading Unrestricted Restricted Total Total
2021-22 2021-22 2021-22 2020-21
E E E
Arts Council England 260,099 260,099 260,446
Creative Green Consultancy, Certification, Licensing Tools and Partnership 492,655 500 493,155 239,880
Other 15,560 4,587 20,147 9,331
768,314 5,087 773,401 509,657
Accrued Income b/f
Arts Council England
Creative Green Consultancy, Certification, Licensing Tools and Partnership (1,100) (1,100) (20,089)
Deferred Income b/f
Arts Council England 55,966 55,966 4,516
Creative Green Consultancy, Certification, Licensing Tools and Partnership 48,995 48,995 36,259
Accrued Income c/f
Arts Council England
Creative Green Consultancy, Certification, Licensing Tools and Partnership 14,828 14,828 1,100
Deferred Income c/f
Arts Council England (49,000) (49,000) (55,966)
Creative Green Consultancy, Certification, Licensing Tools and Partnership (94,885) (94,885) (48,995)
Total income from primary purpose trading 743,118 5,087 748,205 426,482

OTHER TRADING ACTIVITIES Note Unrestricted Restricted Total Total
2021-22 2021-22 2021-22 2020-21
E E E E
Sponsorship a 15,000 1,275 16,275 55,750
15,000 1,275 16275 55750

OTHER INCOME OTHER INCOME Note Unrestricted Restricted Total Total
2021-22 2021-22 2021-22 2020-21
f f f f
Coronavirus Job Retention Scheme grant 22,178
Total Other income 22,178
In 2020-21, the total amount of other income forf22,178 was from unrestricted
funds
Support
7
ANALYSIS OF TOTAL		 EXPENDITURES costs:
Notes Staff costs Direct costs overheads Total Total
2021-22 2021-22 2021-22 2021-22 2020-21
f f f E
Raising funds 20,107 9,080 29,187 35,894
Charitable
expenditure
Sustainable Creative Practice b 337,614 113,823 195,992 647,429 531,663
Knowledge and Skills c 91,420 85,541 41,283 218,244 68,388
Policy, advocacy and campaigns d 193,060 414,787 43,650 651,497 149,887
Total expenditure 642,201 614,151 290,005 1,546,357 785,832
Notes Restricted Unrestricted Designated Total Total
2021-22 2021-22 2021-22 2021-22 2020-21
f f. f f
(a) Raising funds
Salaries 20,107 20,107 23,754
Direct costs
Support costs: overheads 9,080 9,080 12,140
29,187 29,187 35,894
(b) Sustainable
Creative Practice
Salaries 15,781 304,775 17,058 337,614 358,559
Direct costs 9,539 104,284 113,823 65,325
Support costs: overheads 31,046 148,989 15,957 195,992 107,779
56,366 558,048 33,015 647,429 531,663
(c) Knowledge
and		 Skills
Salaries 52,405 31,498 7,517 91,420 38,373
Direct costs 28,707 56,834 85,541 18,481
Support costs: overheads 6,539 19,089 15,655 41,283 11,534
87,651 107,421 23,172 218,244 68,388
(d) Policy, advocacy and campaigns
Salaries 190,393 2,667 193,060 80,606
Direct costs 413,349 1,438 414,787 45,052
Support costs: overheads 6,914 35,486 1,250 43,650 24,229
610,656 36,924 3,917 651,497 149,887

Analysis of Salaries, Employees and Key Management Personnel
2021-22 2020-21
E E
Salaries 554,785 433,862
Social security costs 54,263 41,201
Pensions 33,153 26,229
642,201 501292

lysis ofSupp ort
Costs
Notes 2021-22 2020-21
E f
Staff welfare, recruitment and training 13,796 5,793
Legal and professional fees 111,974 29,974
Fundra ising 5,000
Premises 21,278 24,236
Marketing 17,982 11,353
Office costs 29,211 18,393
Governance and compliance 5,400 5,000
Bank charges and other financial costs 76,910 55,782
Travel and subsistence 13,454 151
Total 290,005 155,682

2022-22 2020-21
f f
Shares
in		 wholly owned
subsidiary undertaking at cost

S
2021-22 2020-21
f f
Trade debtors 360,011 201,090
Bad debt reserve (10,342)
Prepayments and accrued income 33,771 15,689
Rent deposit 5,973 5,973
399,755 212410

2021-22 2020-21
E f
Trade creditors 83,738 38,848
Accrua Is 38,154 27,462
Deferred income 143,885 104,961
Other Creditors 175
VAT payable 36,394 53,806
Taxes and social security 18,470 12,404
320,816 237,481
(a) Deferred
Income		 reconciliation 2021-22 2020-21
f f
Brought forward at 1st April 104,961 40,775
Amounts
released to income		 (70,365) (40,775)
Additions
during the year		 109,289 104,961
Carried forward balance at 31st March 143,885 104,961
RES TRICTED FU NDS - CU RRENT YEAR
N		 ote
At
At 1st Incoming Resources Transfers 31st March
April 2021 Resources Expended In/(Out) 2022
f f f f f
Grants, donations and sponsorship 331,872 782,329 (754,673) 1,355 360,883
331,872 7S2,329 (754,673 1,355 360,S83
At At
1st April Incoming Resources Transfers 31st March
(a) Restricted funds - prior year 2020 Resources Expended In/(Out) 2021
f f f f f
Grants, donations and sponsorship 42,067 484,888 (197,273) 2,190 331,872
42,067 484,888 (197,273 2,190 331,872

ESTRICTED FUN DS - CURRENT YEAR Notes
At At
1st April Incoming Resources Transfers 31st March
2021 Resources Expended In/(Out) 2022
Designated
funds		 E E E E
Redundancy and notice period fund a 52,509 5,232 57,741
Organisational development fund b 130,000 (60,104) 69,896
182,509 (60,104) 5,232 127,637
General funds 268,244 852,748 (731,580) (6,587) 382,825
Total unrestricted funds 450,753 852,748 (791,684) (1,355) 510,462

2021-22 2020-21
E E
Less than one year: 20,563 20,207
Two to five years: 6,122 26,499
Over five years
26,685 46,706