2024-03-31-accounts

JULIE’S BICYCLE

(A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Company Registration No: 06040585

Julie’s Bicycle is a Registered Charity: England and Wales No. 1153441

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

COMPANY INFORMATION

Directors/Trustees: Antony Ronald Wadsworth (Chairman) Sian Alexander Jonathan Badyal Melvin Benn John Enser Neil Johnston (Company Secretary) Professor Diana Liverman Key Management Personnel : Alison Tickell - Founder & Co-Director (from January 2024) Natalie Highwood – Co-Director (from January 2024), previously Managing Director Chiara Badiali - Music Lead Sylvia Cantino - Finance Manager (Freelance) Paul Griffiths - Digital Product Lead Victoria Sword-Daniels - Arts Council England Programme Lead Graciela Melitsko Thornton – Creative Green Programme Lead

Co-Directors: Alison Tickell Natalie Highwood 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 2[nd] Floor, Regis House 45 King William Street London EC4R 9AN Banks: HSBC plc Triodos Bank 108 London Road Deanery Road Headington Bristol Oxford BS1 5AS OX3 9AP

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

CHAIRMAN’S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

The contribution of culture to successfully tackling climate and nature is, for the first time, being taken seriously at the highest levels; governments and international bodies are recognising that new instruments of change are needed, that a shift in awareness and in messaging is required, and that there are plenty of culture-led solutions already established and working.

I am proud that Julie's Bicycle has been at the forefront of change, both in developing the tools and ideas, and advocating for climate solutions with culture for many years.

These efforts are falling on fertile ground. The discovery work we do continues, the insights and lessons are being put to good use, and the culture community, certainly in the UK, is mobilised. We are feeling the difference it makes.

In the face of an ongoing and dynamic context - climate crisis, nature degeneration and inequality - we will continue to aim high whilst delivering on the ground. It is essential that the contributions of the arts and culture are understood and strengthened by influential bodies outside the sector. Therein lies real answers to some of our most sticky problems and I am committed to ensuring Julie's Bicycle continues to support this vital mission.

Tony Wadsworth, Chairman CBE

CHIEF EXECUTIVE’S REPORT FOR THE YEAR ENDED 31 MARCH 2024

Overview

Once again this year brought ever increasing urgency to address the climate crisis. In March 2023, just before the start of the financial year, the Intergovernmental Panel on Climate Change published its AR6 Synthesis Report[1] . Stating with a ‘very high confidence’ level that climate change is a threat to human well-being and planetary health it warned that ‘there is a rapidly closing window of opportunity to secure a liveable and sustainable future for all’. The report offered a stark challenge: ‘The choices and actions implemented in this decade will have impacts now and for thousands of years’.

Widespread and rapid changes have occurred and climate change is generating many weather and climate extremes in every region across the globe. As the 23/24 financial year drew to a close the World Meteorological Organisation confirmed that 2023 had been the hottest year on record, with records broken for ocean heat, sea level rise, Antarctic sea ice loss and glacier retreat[2] .

The impact is disproportionate - ‘vulnerable communities who have historically contributed the least to current climate change are disproportionately affected’. The way that a sustainable future must be built is critical: ‘Prioritising equity, climate justice, social justice, inclusion and just transition processes can enable adaptation and ambitious mitigation actions and climate resilient development.’[3]

1 AR6 Synthesis Report: Summary for Policymakers Headline Statements (ipcc.ch)

2Climate change indicators reached record levels in 2023: WMO

3 AR6 Synthesis Report: Summary for Policymakers Headline Statements (ipcc.ch)

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At this ever more crucial time, a key moment for Culture and Climate is emerging. The links between climate change, its causes and legacies, and the potential of culture to support multi-dimensional responses and solutions is now being recognised- not just in culture but in economics, science and government. The sector must itself transform, and in May 2024 the UN Climate Change Executive Secretary Simon Stiell spoke of how ‘arts and culture can inspire climate action’[4] . A strong response to climate change is needed across all of civic society. In this context the global creative community has many different roles to play.

Culture - the arts, heritage and creative industries - is a powerful force that shapes all of our lives, wherever we are in the world. For climate and environmental issues, culture-led solutions that are inclusive, local as well as global, and focused on people and nature are already abundant. The arts speak to hearts and minds, inspiring action and helping us to understand climate change through storytelling and shared experiences. Cultural heritage, including traditional knowledge, strengthens resilience, helps communities to adapt to climate impacts, protects places, and offers green, circular and regenerative solutions. The creative industries - design, music, fashion and film - shape our lifestyles, tastes and consumption patterns, and drive innovative responses.

To strengthen global climate action, we need to urgently harness the extraordinary potential of these sectors to help people imagine and realise low-carbon, just, climate resilient futures. Throughout this year, Julie’s Bicycle, alongside key partners and the growing global creative climate movement, continued to work to shift the dial on culture and climate.

Meeting our Strategic Aims

In 2023/24 Julie’s Bicycle made strong progress on our 2023-2026 strategic aims:

• Developing and leading new creative sector responses to the climate, nature, justice crisis

• Working with policy makers and policy enablers to connect cultural policy to environmental policy and to model what this achieves in practice

• Enabling the cultural sector to scale its response using proven methodologies

• Building an international network of skilled creative climate leaders

• Consistently evidencing the impact of our work; communicating it widely in support of our mission, and learning from others in the field.

Highlights from our approach towards these strategic aims are as follows:

Policy

Throughout the year, the team continued to build connections between cultural and climate policy, both in the UK and internationally. JB were instrumental in two significant achievements:

UK: In the UK, Founder and Co-Director, Alison Tickell, continued her role on the UK’s Creative Industries Council (CIC) , the industry forum representing the sector and working with government and other critical stakeholders. In this year she co-chaired the new environmental working group of the CIC. Responding to the government’s sector vision, and as a result of the work of this group, in November 2023 the CIC published a ground-breaking Creative Climate Charter - a commitment from the UK Creative Industries to mobilise ambitious action on the climate and biodiversity crisis. This rapid progress has built a firm foundation of collaborative working on which, with appropriate resources, future action can now be based.

International: Building on Julie’s Bicycle’s previous work on Culture: The Missing Link (COP 26), and our work at COP 27, Julie’s Bicycle became a founding partner of the Global Call to put Culture at the Heart of Climate Action , a collaboration led by the Climate Heritage Network, Europa Nostra, Petra National Trust and Julie’s Bicycle. The Global Call is a call for climate negotiators at COP UN Climate Conferences to put cultural heritage, arts and creative industries at the heart of climate action. Ultimately it seeks a ‘Joint Work Decision on Culture and Climate Action’, a UN process which would trigger policies and frameworks to enable culture to contribute fully to climate solutions.

At COP 28 we were instrumental in a significant milestone in the progress towards this goal, with the formation of the Group of Friends of Culture Based Climate Action . This group paves the way for Member State leadership on the culture and climate agenda. The group is co-chaired by the UAE and Brazil, and currently has 33 member states.

4 simon_stiell_speech.pdf

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Leadership, and Climate and Environmental Justice

Our work to capacity build leadership in culture-based climate action manifests in a number of areas of our programme. In 2023/24 JB began activity for the new Arts Council England (ACE) portfolio of funded organisations, the first portfolio under ACE’s Let’s Create strategy. The programme delivers two new strands specifically focused on leadership. i) The Board Environmental Champions Programme (BECs) to provide trustees with the tools to embed environmental responsibility at governance level within their organisations, and ii) Creative Climate Accelerator, for emerging climate leaders from diverse backgrounds, supporting them to transform knowledge into action.

Our flagship Creative Climate Leadership (CCL) programme was further strengthened this year. CCL is a transformation programme and a global collective of creative changemakers committed to taking action on the climate crisis through the arts and culture. It remains unique in its interdisciplinary approach that builds connections between different artforms and looks at the entire creative ‘ecology’ from artists/freelancers to institutions/funders. CCL in its current form has been co-created through learning with every partner and every participant. The programme has now worked with over 250 creative changemakers working in more than 30 countries.

The climate and biodiversity crisis are inseparable from the justice crisis. In 2023/24 JB continued to embed understanding of climate and environmental justice across our programme, in particular within these leadership programmes. A further highlight of our Climate Justice work in this year was a collaboration with Attitude is Everything and A Greener Future to create the No Climate Action Without Us Toolkit. This toolkit supports the UK’s events industry to implement practical solutions that tackle both climate change and accessibility.

At COP 28, Julie’s Bicycle partnered with NGO Hivos , an NGO focused on building just, inclusive and lifesustaining societies. Together we co-curated the Arts, Heritage, Culture and Antiquities theme of the Resilience Hub. The Hub acts as the home at COP of the Race to Resilience , the UN-backed campaign to mobilise greater ambition and action from state and non-state actors to build the resilience of 4 billion people from climate-vulnerable communities by 2030. This enabled us to profile and explore a wide variety of examples of culture-based climate action taking place at community level, many of which had a climate or environmental justice focus.

Innovation (new creative sector responses) and scale

Sector-wide programmes enable us to capacity-build at scale. Through our longstanding partnership with Arts Council England we continued to provide resources across the sector, and also to test and pilot new approaches. In 23/24 we began a new capacity-building programme for the screen sector, partnering with the British Film Institute on its Sustainable Screen programme. We also achieved scale internationally, through our second year of the Cultura Circular programme working with the British Council and 35 festivals in all disciplines in Mexico, Argentina, Brazil, Venezuela, Peru, Trinidad and Tobago, and Colombia.

Enhancing our digital tools and e-learning capability continued to be key to extending our reach. In 2023/24 we completed our development programme on the Creative Climate Tools , supported by a grant from Arts Council England. We also continued to licence the tools to selected international partners. These licences help ensure financial sustainability for the Tools and expand JBs reach and profile internationally with organisations whose values are aligned with ours. In 23/24 licensees included our partnership with the CSPA (Centre for Sustainable Practice in the Arts) in Canada and our partnership with IMPALA, the European organisation for independent music companies and national associations.

In 2023/24 we were the environmental expert on the jury panel for the Creative UK/Innovate UK Creative Catalyst Challenge Fund: decarbonising the Creative Industries , which is helping to unlock essential investment into the creative industries and creative industries supply chain, an emerging field area for JB and the sector.

Evidencing and communicating impact

During this year we developed an action plan to deliver our Impact Strategic Aim, and successfully fundraised for external support to strengthen our impact assessment and impact framework - this work has now begun.

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3.Key Programme Highlights:

Creative Climate Leadership

2023/24 saw continued development of JB’s flagship Creative Climate Leadership (CCL) programme. The emergence of an increasing number of sustainability and climate training and development programmes across the arts and culture (most targeted at specific sectors or roles, many with a more practical focus) has meant a renewed focus on the purpose of CCL and the intention to root it in transformational systems-change, leadership, movement change ecosystem, and peer-learning approaches. Working with different partners in different contexts has meant further adapting and experimenting with the programme format and content, for example partnering with a First Nations facilitator for delivery in Australia. JB is often invited to bring CCL into new contexts as an outsider to catalyse something locally/regionally, and as such the programme plays a key role in nourishing a growing international movement.

During 2023/24:

CCL Australia 2023: in partnership with Creative Australia and supported by British Council Australia, and working with co-facilitator Ruth Langford (Yorta Yorta Songwoman and Storyteller), the programme brought together 23 participants at Bundanon, New South Wales, in September 2023. Participants were additionally supported through one-to-one coaching with different JB team members and alumni webinars.

CCL Switzerland 2024 : in partnership with Swiss culture and climate organisation Vert Le Futur and supported by Pro Helvetia and Stiftung Mercator Schweiz, the programme brought together 24 participants at Mattli Antoniushaus, Switzerland in March 2024. Participants will continue to be supported through alumni webinars in 2024/25 and the opportunity to be supported through seed funding.

EUNIC Creative Climate Culture(s) Lab 2023: two JB CCL facilitators worked with EUNIC and the Goethe Institute to co-design and facilitate a one-week residential inspired by CCL principles in Berlin for emerging leaders working in cultural diplomacy, nominated by members of European National Institutes for Culture.

This year also saw us strengthening the CCL alumni network through the launch of a regular, monthly alumni bulletin; packages of support for projects led by CCL alumni open to applications; and the launch of the Creative Climate Leadership Podcast, led by JB’s CCL partner in Sweden and Scandinavia, Diego Galafassi; co-curated with Julie’s Bicycle; and hosted by CCL UK 2023 alum Emma Blake Morsi.

Much of our work on CCL in this year was made possible by Porticus who supported the growth and development of the CCL network activities and programme, and the organisation and delivery of CCL Benelux 2023.

Arts Council England Programme

2023-24 saw the design and first year of an Environmental Programme for the new Arts Council portfolio (2023-2026). The overall programme aims to empower both Arts Council England National Portfolio Organisations (NPOs) and the wider creative and cultural sector to take action, with leadership and skills development training, and tools and resources.

Central to the programme during this year was the launch of three new programmes:

1. Transforming Energy:

Building Net Zero Energy works at scale to help cultural organisations become more energy efficient and decarbonise their buildings.

Capital Investment Ready takes an advanced cohort of 12 organisations through an 18-month programme and supports them to become Capital Investment Ready for the electrification of one key cultural venue, to help them decarbonise their buildings by 2030.

2. Creative Climate Accelerator

This programme works with emerging climate leaders from diverse backgrounds, supporting them to transform knowledge into action, and implement a legacy project.

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3. Board Environmental Champions (BECs)

Designed to help trustees to embed environmental responsibility at the governance level within their organisations, this programme sets out the key areas of governance relevant to environmental champions, to support them in asking questions and providing an overview and further links to external sources. It also connects them with each other for peer-networking and to drive ambition. 174 organisations signed up to the BECs programme to date.

Adapting Culture

A further programme, on resilience “Adapting Culture” will be launched in 24/25. This programme is aimed at driving up sector awareness of the need to address climate adaptation, and to explore with the sector what culture can contribute to this critical need.

During this year the Arts Council programme team also began to develop plans for Creating Now for The Future, a programme focused on co-designing a suite of resources to support freelancers, creatives, artists, freelancer producers and community practitioners to make their practice more sustainable. JB also worked on developing two climate literacy e-learning modules which will be ready in year two of the Portfolio, and provided a number of free webinars aimed at upskilling the sector around the use of different forms of environmental data.

In a separate partnership with ACE’s International Department, Julie's Bicycle led the delivery of the ITER (International Touring and Responsibility) programme which focuses on increasing the sustainability of touring, and driving international collaboration and innovation. The programme is co-funded by Arts Council England and the Danish Arts Foundation. Ten Danish organisations and nine English organisations were selected to participate from different artforms including music, dance, theatre, multidisciplinary and the festival sectors.

Creative Green and Partnerships

In 2023/24 the Creative Green and Partnerships team continued to develop environmental understanding and action across a wide range of organisations in the cultural sector through both consultancy support and partnership programmes (festivals in all disciplines, organisations involved in the development of the cinema sector, museums and galleries, performance arts venues, artist studios, international, national and local cultural policy and funding bodies). This year, the team focused on delivering strategic partnerships to build impact, scale, and learning in new geographical areas or sectors in which JB hasn’t significantly worked before. Highlights of the year included:

British Film Institute : In our first year as the BFI’s partner on its Sustainable Screen programme, we delivered a range of support and resources for the screen sector ‘beyond production’ - cinemas, festivals, screen archives, education, skills development and screen sector support bodies. This included a new online resource hub; webinars; guidance on environmental reporting via the Creative Climate Tools; and tailored support to organisations such as the Film Audience Network, Into Film and the National Saturday Club, as well as to BFI Fund Teams.

Cultura Circular: This capacity-building programme for 35 festivals in all disciplines in seven Latin American countries was supported by the British Council. We focused on training, peer-to-peer learning, individual coaching for festivals, amplifying the impact of environmental projects, and exchanging good practice with UK artists and organisations.

Partnerships with the Irish cultural sector : In 2023/24 we started two new programmes with the Arts Council of Ireland. Under the first - through our partnership with Julie’s Bicycle Europe - we advise and support the Arts Council on implementing its Climate Action Policy, working with the senior team and arts teams on their funding requirements, monitoring, and evaluation. Under the second - working with our Irish partner Native Events - we are developing and delivering environmental training and support to approx. 150 organisations. Also, under the Julie’s Bicycle Europe umbrella, we delivered a support programme to 42 projects that received funding under Creative Ireland’s Creative Climate Action . We ran two four-day residentials in Ireland, with 60 participants, building confidence, community and connection across the projects.

Green Libraries Campaign: Julie’s Bicycle continues to be on the Board of the Green Libraries Campaign- a national network of local libraries and a movement that is reshaping the way communities engage with knowledge, sustainability, and the environment. Whilst further funding is secured, JB continued to work with libraries through delivering training sessions.

Overall, during 23/24 Creative Green supported 54 organisations in countries including the UK, Spain, Ireland, Switzerland, India, Mexico, Colombia, Argentina, Brazil, Peru, Venezuela, Colombia, Trinidad and Tobago and with European Union funding organisations (Creative Europe and European Cultural Foundation). The work covered a wide range of activities, including: environmental criteria for funding schemes, critical concepts in environmental justice; environmental impacts of digital, new approaches to touring, an e-learning package for independent cinemas and

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festivals, green procurement policies and supplier engagement for festivals; sustainable production advice and lifecycle analyses for exhibitions and installations; network development and mentorship; and environmental attitudinal surveys with artists, cultural organisations and networks.

Music Programme

Momentum for climate action in the music industry continued to grow in 2023/24, with large commercial multi-nationals increasingly recognising their corporate responsibility and growing their in-house sustainability teams, and continued vibrant action from individuals, SMEs, and grassroots organisations across the music ecosystem. In the UK, groups and organisations including Earth Percent, Music Declares Emergency, and LIVE Green increasingly established themselves, while in the US, new initiatives including the Music Industry Climate Collective (MICC) and Music Sustainability Alliance (MSA) emerged.

JB continues to take a dual role of leading on and developing certain strategic projects, while contributing time and expertise to supporting different working groups and initiatives.

2023/24 highlights included:

Tools, toolkits, training, research and partnerships:

• Launch of the Green Events Code of Practice Pilot in partnership with Vision2025, supported by Arts Council England, with ten participating local authorities including Manchester, Bristol, and Reading, to explore how sustainable events requirements can be embedded within local authority processes.

• Sustainable Materials and Waste Management Toolkit for Festivals : created by JB and Vision2025 as part of the Towards Zero Waste Festival programme supported by the Dixon Foundation, the toolkit contains practical checklists, templates for developing policies, and an additional fact sheet to provide festival organisers with practical, actionable information.

• Raising the Bar research and report for LIVE, published in partnership with Hope Solutions, to provide guidance and advice to venues on shifting to reusable cups and making better materials choices.

• IMPALA Carbon Calculator Report: Insights from carbon footprinting independent labels : summarising insights and data from the first two years of operation of the IMPALA carbon calculator project and how SME labels across Europe can and are taking climate action. This was part of the on-going partnership with IMPALA (the European association for independent music companies and national associations, which has ~6,000 members), which sees JB continue to operate the licensed and adapted version of the JB Creative Climate Tools for independent music labels and provide help desk support and expert advice as part of the IMPALA Environmental Sustainability Taskforce.

• Completion of the Future Festival Tools project, an Erasmus+ funded partnership project with partners including NCASS, Green Events Netherlands, Green Operations Group, Le Laba, Yourope and Native Events, providing a suite of support for events organisers including a self-assessment tool, case studies, e-learning course, and handbook for further education trainers.

• Partnerships and consultancy projects with clients including Independent Venue Week and The BRIT Awards.

The Music team also continue to take a lead in key events and advocacy:

• Ongoing partnership with outdoor event climate action network Vision:2025, for which Julie’s Bicycle also provides the secretariat and sits on the steering group. Monthly newsletters with original stories and advice reach 2,500 event professionals. The annual Sustainable Event Summit at the Showman’s Show attracted over 125 event professionals.

• Participation in music industry working groups including LIVE Green, IMPALA Environmental Sustainability Taskforce, participation in EarthPercent events, and more, including providing advice and support to Better Live, a Creative Europe supported programme on sustainable touring in jazz.

• Speaking and participating at key music industry events (such as ADE Green, Sustainable Events Summit, Jazzahead, Green Events & Innovations, AIF Congress, Canadian Music Week).

Support from EarthPercent continues to make our wider support and advocacy across the music industry possible.

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Organisational Aims

Alongside the 2023-2026 Strategic Aims Julie’s Bicycle has four Organisational Aims. These are focused on transforming our senior leadership structure; strengthening the business model for long-term sustainability; creating a step-change in our communications, and stewarding a thriving and diverse workforce. During this year we made strong progress towards these aims. We implemented a new leadership structure , moving to a model of two co-directors from January 2024, and appointing a new role, Head of Programmes, in March 2024. We undertook early-stage work on a People Strategy, working with an HR consultant to identify and prioritise need; and began a review of key messaging with an external agency in service of our Communications aim. Having increased JB’s in-house knowledge of the role that digital can play in both organisational efficiency and achieving impact, during this year we developed a Technology Strategy - the results of which are already attracting funding and impacting the way that we work.

Events & Advocacy 23/24

External speaking and advocacy events

During this period JB staff took part in 46 external events and speaking engagements.

Julie’s Bicycle Events and webinars

During this period JB delivered approximately 53 external events and webinars with approximately 2,206 attendees. We also delivered sessions as part of specific training programmes, such as for the CCL / ITER / BFI portfolios.

Marketing and Press

Marketing

Our marketing statistics for this period:

Social followers (X (formerly known as Twitter), Facebook, Instagram and LinkedIn) : 32,450 - 16% increase

Average monthly engagements with our content across all social channels: 2,524, an 11% increase Average engagement rate across channels: 4.2% (vs average engagement rate for the non-profit sector of 1.9%)

Newsletter subscribers : 5197

Total bulletins sent : 35 across 3 programme mailing lists, with an average open rate of 45% and Click Through Rate of 5.3% for our main sector bulletin (which are well above the industry average of 28% and 3.3% respectively)

Website resource downloads: 15,723 Total website users:

• JB site: 71k,

• CCL site: 8.8k

Total Website views : JB site: 315k

News and Opinion pieces published during this time: 27

Video views of our content: 5k

Podcasts: 606 annual downloads across 2 series

Press mentions in 2023-2024 across print and online media:

JB’s press mentions from 1 April 2023 - 31 March 2024 totalled 187, with approximately 50 more in-depth articles including references to our projects and work.

Highlights included: an interview with Alison Tickell in Atmos’ feature article Making Music in a Warming Word (May 2023); BBC News online article spoke with Chiara Badiali on Beyoncé Cardiff: Weighing up the climate cost of worldwide tours (May 2023); BBC Take Me to the Opera (TV Broadcast) featured JB in How opera is aiming for net zero amid worsening climate change (August 2023); and an interview with Ed Miliband on sustainability at festivals on Reasons to be Cheerful Podcast (24 July 2023). Articles on touring included LIVE magazine and Symphony Magazine’s Touring and the Climate-Smart Orchestra .

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Launches of the new Arts Council Environmental programme and BFI Sustainable Screen Programme achieved industry press, and The No Climate Action Without Us report launch also attracted lots of coverage, including Record of the Day, Event Industry News, Stand Out magazine, and an interview in Access All Areas. Reuters covered Greener Gigs, How the Music Business is Tuning into Climate Action, and JB’s work with the BRITs was covered in NME and Music Week. In the visual arts, JB featured in an article about the ACCA launch in The ~~;~~ Art Newspaper. JB also published 27 news and blog articles on JB’s website.

............................................................................... ...............................................................................

Alison Tickell, Founder & Co-Director

2[nd] October 2024

Natalie Highwood, Co-Director

2[nd] October 2024

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees have pleasure in presenting their Report and the Financial Statements for the year ended 31 March 2024. The Financial Statements comply with current statutory requirements, the Memorandum and Articles of Association and The Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2015).

Julie’s Bicycle is a leading international charity at the interface of culture and climate change. Our vision is a creative community with sustainability at its heart and our mission is to provide the inspiration, expertise, and resources to make that happen.

Charitable Objectives

The objects of the company are:

• a) The preservation, conservation and protection of the environment, and the prudent use of resources;

• b) The promotion of sustainable means of achieving economic growth and regeneration; and

• c) To advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment; and to promote study and research in such subjects provided that the useful results of such study are disseminated to the public at large.

Public Benefit Statement

In accordance with good practice the Board have, in determining our strategic aims, identified the public benefit of each strategic aim. In doing so the Board has set in place monitoring and evaluation procedures to review the impact of our work to ensure that these aims are consistently being met through service delivery. A review of this impact and public benefit is given below for each of our main project areas with a summary of our outputs for the last twelve months.

Performance Summary

Partners and Sector Support

Julie’s Bicycle received a generous music industry donation from Live Nation UK (£17,500) and Universal Music UK (£10,000)

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Financial Review

Julie’s Bicycle made a surplus of £40,861 in 2023-24 (2022-23: deficit of £186,995). The charity achieved an unrestricted/designated deficit of £21,974 (2022-23: surplus £14,938), and a restricted surplus of £62,835 (202223: deficit £201,932) Total incoming resources were £1,626,545 (2022-23: £1,442,392).

The annual income from the Arts Council England decreased in net terms and as a percentage of overall income in 2023-24 (30.2%), as compared to 2022-23 (37.2%) mainly due to the completion of a grant received for the development of the creative climate digital platform.

Earned income generated from Creative Green consultancy, Tools and Licensing and Partnership Projects has also decreased both in net terms and as a percentage of overall income in 2023-24 (21.4%), as compared to 2022-23 (37.4%),) due to the completion of a large contract completed in the financial year.

The grant income increased in net terms and as a percentage of overall income in 2023-24 (36.8%), as compared to 2022-23 (5.5%) mainly due to the European grant from Stiftung Auxilium (Porticus) for £265,733 received in full in 2023-24 which programme will be executed in 2024-25.

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Total resources expended were £1,585,684 (2022-23: £1,629,387).

Reserves and Investment Policy

The Trustees have taken a prudent approach to establishing company reserves and as at 31[st] March 2024 set the general unrestricted funds at three months unrestricted operating expenses to further any of the charity’s purposes. The reserves policy remains unchanged in the current period.

The Trustees review the level of designated funds on an annual basis in line with the charity’s needs and plans. Detail of reserves fund designations can be found in Note 12 on page 33.

The Trustees have an agreed policy regarding investment of the organisation's assets. This is reviewed annually, or more frequently if the external financial environment merits this. The Board have agreed that external expertise and advice may be sought to assist in making investment decisions which ensure the best outcomes for the organisation.

Going Concern

JB is in a prime position to support the cultural sector with their climate and environment transition, and continues to be recognised as a leader in this field both in the UK and internationally. The cultural sector is mobilising around this issue at increasing speed. The unrestricted reserves at the end of March 2024 are £503,426

In 2022 JB successfully won a new tender to be Arts Council England’s (ACE) environmental partner for a further three years. This is secured funding for starting in 2023 until September 2026 with a total income from 1[st] April 2024 to 31[st] March 2026 of £697,300 . In addition to this, in line with ACE's extension of the current NPO portfolio period for one further year to March 2027, JB's SLA will also be extended to March 2027 (subject to final agreement).

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In addition, we have secured other funds:

Additional two years partnerships (of a three years contract) with the British Film Institute for £167,000. One additional year grant (of a two years agreement) with Pro-Helvetia for CHF 84,000

The fundraising activity related to philanthropists and trusts and foundations has secured funds for £261,000 over two years, by the Fidelity UK Foundation which was confirmed in April 2024. The grant will fund key infrastructural elements behind our Impact and Communications aims.

We continue to implement a three year business plan which was approved by the Board in June 2023.

The Board has currently approved the budget 2024-25. Risks to JB’s business model and infrastructure continue to be regularly monitored and evaluated at Board level.

The Trustees are confident that the charities resources are sufficient to meets its liabilities for 12 months from authorising these financial statements and budgeted income and expenditure remains sufficient with the level of reserves for the charity to continue as a going concern. The financial statements have therefore been prepared on a going concern basis.

Risk Management

Risk Management Julie’s Bicycle continues to be a leader in the creative climate movement across an international arts and culture sector which has now mobilised. Whilst this brings significant opportunity, maintaining stability within a rapidly changing external context, continues to be the focus for Risk Management. In 2023-24 the key risks included:

1. Ability to reach income targets from trusts and foundations whose resources continue to be spread thinly in the light of intersecting social justice issues

2. The impact of the energy and cost of living crises on the cultural sector: impacting the sector’s ability to invest in environmental projects.

3. The impact of Brexit constraining JBs capacity to operate in the EU.

4. Rapid demand for foundational skills; for tools and resource development which is increasingly sub-sector specific; leadership skills and the COP all resulting in increased staffing and outputs.

5. Building a financial model that is able to serve foundational needs as well as develop ambitious thoughtleadership aims

6. Ability to build sufficient communications expertise and capacity into the team in order to position JB in a way that attracts new business that meets both our impact and financial aims.

During 2023-2024 Julie’s Bicycle worked on a new strategy and in June 2023 signed off a business plan grounded in new strategic aims and a refreshed business model which continues to be implemented. The charity has a Reserves Policy of 3 months full operational unrestricted costs, and a Redundancy Policy. We continue to develop Julie’s Bicycle Europe – a separate legal entity; in order to maintain access to European collaborations and also to develop strategic work in Ireland.

Fundraising

Julie’s Bicycle fundraises from philanthropic sources and donors alongside generating the partnerships and contracts required to fund the work from a combination of services and support. Trustees are involved in the fund raising in order to ensure that all fundraising activities are in the service of our charitable objects and are explicitly linked to Julie’s Bicycle’s core mission and purpose; responsibly managed, which includes protecting and safeguarding our reputation; and carried out with reasonable care and skill.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

Our fundraising strategy uses the six key principles as set out by HM Government’s Charity Commission:

• Planning effectively;

• Supervising fundraising;

• Protecting our reputation, money and other assets;

• Identifying and ensuring compliance with regard to legal and compliancy frameworks;

• Conforming to the recognised standards that apply to our fundraising, including monitoring and protection of the public; and

• Being open and accountable.

Future Plans

Julie’s Bicycle continues to focus on achieving the 5 strategic aims and 4 organisational aims in the current business plan in order to maximise our ability to meet our mission, ensure robust organisational and business development, and be a leader in our field. Our programmatic focuses fall into two categories: Sector capacity building and transformation, and Leadership, and there is deliberate cross-over between the two. At the heart of our Sector Capacity Building and Transformation programmes are our partnerships with Arts Council England and the British Film Institute, and our consultancy work. Our Leadership work includes our Creative Climate Leadership work, our Climate Justice programme and our work on the relationship between culture and climate policy. We continue to work with the Irish Arts Council and a number of European partners and to develop our European presence post Brexit. We are building a long-term relationship with the British Council for international working, and are a founding partner of the Global Call to Action to put Culture at the heart of Climate Policy and Action .

Governance – Appointment of Directors and Trustees

The members of the Board of Directors, who act as Trustees of the charity, supervise the governance and management of the organisation. Directors who served during the year, or have been subsequently appointed, are listed on page 1.

Appointment to the Board is determined by the needs of the charity. The Board of Directors aims to ensure that the composition of the Board includes individuals with suitable skills and experience to contribute positively to the governance of the charity. The organisation has a clear organisational structure with documented lines of authority and delegation, which is regularly reviewed by the Board. The Board is responsible for setting strategies and policies and for ensuring that these are implemented by the Chief Executive on behalf of the Board.

There were no Board members appointments during 2023-24

When a prospective Trustee is identified they have an initial meeting with the Founder Co-Director and a subsequent meeting with the Chair or another existing Trustee nominated by the Chair. Prospective Trustees are provided with a role description outlining the duties and responsibilities of a Trustee and the expected time commitment for the role. If the person is deemed suitable as a Trustee, they are nominated at the next Trustee meeting. If their nomination is ratified, they are invited to join the Board at the subsequent meeting. Subsequent to their election to the Board, the Founder Co-Director meets with the Trustee to brief them on the work of the organisation.

Training in the role of being a Trustee is available and is paid for by the organisation.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

Officers of the Board are elected at the AGM each year or when required. An officer must be nominated and seconded by two existing Trustees. In the event of two nominations for the same officer role a vote is held and the person with the greater number of votes is deemed elected.

The Trustees are responsible for the overall strategic direction of the organisation to approve an annual workplan and budget which are proposed by the Co-Directors and staff team.

Decisions regarding the implementation of the work-plan and budget are delegated to the Founder Co-Directors and staff team. Where there are significant variances to the budget, or items of expenditure approval this is sought at Board meetings, or electronically between meetings if it is an urgent matter.

HR disciplinary matters are dealt with by the Co-Directors and notified to the Chair of the Trustees. The Chair will then decide if the full Board needs to be notified.

The Co-Directors are responsible for recruitment and staff management. The Directors and Chair will decide if the presence of a Trustee is necessary on an interview panel.

Key Management Personnel: Senior Management

Comprise of the Trustees and those noted on page 1 of the accounts

The Board of Directors has overall responsibility for agreeing the pay and remuneration of the charity’s key management personnel. The Founder Co-Directors have joint responsibility for understanding the sector averages and making recommendations to the board for recruitment and promotions based on competencies, experience and performance. All employees have contractual obligations and individual responsibilities and objectives against which they are reviewed and assessed to inform pay scales.

Trustees’ Responsibilities in Relation to the Financial Statements

The Trustees (who are Directors of Julie’s Bicycle for the purposes of company law) are responsible for preparing the Directors’ Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the 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 the Charities SORP;

• Make judgments and estimates that are reasonable and prudent; and

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

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. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and irregularities.

In so far as the Trustees are aware:

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

• There is no relevant audit information of which the charitable company’s auditors are unaware; and

• The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Auditors

A resolution to re-appoint Azets Audit Services will be proposed at the Annual General Meeting

On behalf of the Trustees :

Tony Wadsworth, Chairman 2[nd] October 2024

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

Independent Auditor’s Report to the Members of Julie’s Bicycle

Opinion

We have audited the financial statements of Julie’s Bicycle (the ‘charitable company’) for the year ended 31 March 2024 which comprise of the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flow and notes to the financial statements, including significant accounting policies. 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). In our opinion the financial statements:

• give a true and fair view of the state of the charitable company’s affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• 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.

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 charitable company 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 requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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. We have nothing to report in this regard.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

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 (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the directors’ 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 charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit ; or

• the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report .

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 charitable 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 charitable 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

• Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

• Reviewing minutes of meetings of those charged with governance;

• Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

• Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-andguidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. 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. 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.

John Howard (Senior Statutory Auditor) For and on behalf of Azets Audit Services, Statutory Audit, Chartered Accountants 2[nd] Floor, Regis House 45 King William Street London EC4R 9AN

Date: 25 November 2024

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

STATEMENT OF FINANCIAL ACTIVITIES

Notes INCOME FROM: Donations 2 Charitable activities 3 Other trading activities 4 Investments 5 Total income EXPENDITURE ON: Raising funds 6 Charitable activities: Sustainable Creative Practice 6 Knowledge and Skills 6 Policy and Advocacy 6 Total expenditure NET INCOME/(EXPENDITURE) 6 TRANSFERS BETWEEN FUNDS 11/12 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward at 1 April Total funds carried forward at 31 March	Unrestricted Funds Designated Funds Restricted Funds Total Funds Total Funds 2023-24 2023-24 2023-24 2023-24 2022-23 £ £ £ £ £ 28,122 - 13,150 41,272 48,552 904,977 - 669,730 1,574,707 1,374,140 - - 7,492 7,492 18,050 3,074 - - 3,074 1,650
	936,173 - 690,372 1,626,545 1,442,392
	38,209 - - 38,209 26,960 693,314 9,121 261,115 963,550 933,828 203,429 3,179 313,585 520,193 554,623 11,647 370 51,715 63,732 113,976
	946,599 12,670 626,415 1,585,684 1,629,387
	(10,426) (12,670) 63,957 40,861 (186,995)
	(15,115) 16,237 (1,122) - -
	(25,541) 3,567 62,835 40,861 (186,995)
	387,966 137,434 158,951 684,351 871,345
	362,425 141,001 221,786 725,212 684,350

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The Notes on pages 23 to 35 form an integral part of these financial statements.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

BALANCE SHEET COMPANY NO. 06040585

		Unrestricted	Designated	Restricted
		Funds	Funds	Funds	Total Funds Total Funds	Total Funds Total Funds
		2023-24	2023-24	2023-24	2023-24	2022-23
	Notes	£	£	£	£	£
FIXED ASSETS
Investments	8	1	-	-	1	1
Total fixed assets		1	-	-	1	1
CURRENT ASSETS
Debtors	9	120,238	-	3,512	123,750	279,148
Cash at bank and in hand		482,320	141,001	253,534	876,855	730,256
Total current assets		602,558	141,001	257,046	1,000,605	1,009,404
LIABILITIES
Creditors: amounts falling due within one year	10	(240,134)	-	(35,260)	(275,394)	(325,055)
Net current assets		362,424	141,001	221,786	725,211	684,349
Total assets less current liabilities		362,425	141,001	221,786	725,212	684,350
Total net assets		362,425	141,001	221,786	725,212	684,350
FUNDS OF THE CHARITY
Restricted funds	11	-	-	221,786	221,786	158,950
Unrestricted funds:	12
General funds		362,425	-	-	362,425	387,966
Designated funds		-	141,001	-	141,001	137,434
Total charity funds		362,425	141,001	221,786	725,212	684,350

The financial statements were approved by the Trustees on 2[nd] October 2024 and signed on their behalf by:

Tony Wadsworth (Chairman of Trustees on behalf of the Trustees)

The Notes on pages 23 to 35 form an integral part of these financial statements.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

STATEMENT OF CASH FLOWS

	Notes	2023-24	2022-23
		£	£
Cash flows from operating activities
Net cash provided by/used in operating activities	a	143,524	(63,799)
Cash flows from investing activities
Dividends, interests and rents from investments		3,074	1,650
Cash flows from financing activities		0	-
Change in cash and cash equivalent in the reporting period		146,598	(62,149)
Cash and cash equivalents at the beginning of the reporting period	b	730,257	792,405
Change in cash and cash equivalents due to exchange rate movements		0	-
Cash and cash equivalents at the end of the reporting period	b	876,855.00	730,256

**(a) **	RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES
		2023-24	2022-23
		£	£
	Net income/(expenditure) for the reporting period	40,861	(186,995)
	Adjustments for:
	Dividends, interests and rent from investments	(3,074)	(1,650)
	Loss/(profit) on the sale of fixed assets	0	-
	(Increase)/decrease in debtors	155,398	120,607
	Increase/(decrease) in creditors	(49,661)	4,239
	Net cash provided by operating activities	143,524	(63,799)
		2023-24	2022-23
**(b) **	ANALYSIS OF CASH AND CASH EQUIVALENTS	£	£
	Cash in hand	24	30
	Notice deposit (less than 3 months)	876,831	730,226
	Total cash and cash equivalents	876,855	730,256

The Notes on pages 23 to 35 form an integral part of these financial statements.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

a) Basis of Accounting

Julie’s Bicycle is a company limited by guarantee not having a shared capital registered in the United Kingdom. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are:

• To bridge the gap between environmental sustainability and the creative industries;

• The promotion of sustainable means of achieving economic growth and regeneration; and

• To work with arts organisations across the UK and internationally to reduce environmental impacts and inspire ethical action on the environment.

Julies Bicycle meets the definition of a public benefit entity under FRS 102.

The financial statements have been prepared in accordance with 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 UK and Republic of Ireland (FRS 102) issued on 16 July 2014, Charities SORP (FRS 102) effective 1 January 2015, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared on a going concern basis under the historical cost convention, or transaction value, unless otherwise stated in the relevant accounting policy note(s).

The financial statements are prepared in sterling, which is the functional currency of the charity, and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

b) Income Recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

The income represents the total incoming resources receivable during the year comprising grants, donations and gifts, sponsorships and operating income.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Income from grants is recognised in full in the Statement of Financial Activities in the year in which the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

Income from trading activities includes income from Sponsorships, Creative Green consultancy, Creative Green Tools & Licensing, Partnership Projects sand Creative Climate Leadership. Income is received in exchange for supplying services and is recognised when entitlement has occurred, any performance conditions have been met, and the amount can be measured reliably

Investment income includes interest on funds held on deposit. It is included when receivable and the amount can be measured reliably by the charity; usually upon notification of the interest paid or payable by the bank.

Government grants related to income are recognized over the period when the related costs are incurred. No grants were received in the year related to the Coronavirus Job Retention Scheme

c) Fund Accounting

Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Trustees in furtherance of the general charitable objectives.

Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for specific purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

d) Expenditure Recognition and Irrecoverable VAT

Expenditure is accounted for on an accrual basis once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure is classified under the following activity headings:

• Costs of raising funds - includes fundraising, potentially non-project specific marketing costs, events, and associated staff costs;

• Expenditure on charitable activities - includes costs of designing, developing and expediting charitable activities; data collection and analysis; developing knowledge and skills to further the purposes of the charity; associated support costs; and

• Irrecoverable VAT - charged as a cost against the activity for which the expenditure was incurred.

e)

Allocation of Support Costs

Support costs are those costs which are not directly attributable to specific activities. They include expenditure on premises, finance, HR, professional fees and governance.

These costs have been allocated between cost of raising funds and expenditure on charitable activities on the basis of the headcount allocation to the individual activities based on the time tracker in place.

Analysis of these costs is included in Note 6.

f)

Tangible Fixed Assets

Individual items of equipment are capitalised at cost where the purchase price exceeds £1,000 and the asset have an expected useful life exceeding one year. The tangible fixed assets are depreciated over their estimated useful economic lives on a straight-line basis. Depreciation costs are allocated to activities on the base of the headcount allocation to the activities (see note e above).

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

During the year ending 31 March 2024 there were no assets which exceeded the capitalisation threshold.

g) Investments

Julie’s Bicycle owns 100% of the issued share capital of Julie’s Bicycle Trading Ltd, being one £1 share.

For the financial year ended 31 March 2024 the company did not prepare consolidated group accounts under Companies Act 2006 small group exemption

h) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Debtors receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

i) Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

j) Creditors and Provisions

Creditors and provisions are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Creditors receivable within one year are recorded at transaction price

k) Pension

The charity auto-enrolment date was 1[st] October 2016. New and existing employees were automatically enrolled into the Aviva Pension scheme unless they exercised their right to opt out of scheme membership.

The Trustees are unable to confirm the charity’s share of the underlying assets and liabilities of the Aviva Pension Scheme and therefore the Scheme is accounted for as a defined contribution scheme.

The employer’s contributions made to the scheme in 2022-23 were £46,395 (2021-22 £33,154) with an employer’s contribution rate of 6% of pensionable pay and 2% employee’s contribution

l) Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010; therefore, it meets the definition of a charitable company for UK corporation tax purposes.

m) Going Concern

The Trustees are confident that the charities resources are sufficient to meets its liabilities for 12 months from authorising these financial statements and budgeted income and expenditure remains sufficient with the level of reserves for the charity to continue as a going concern. The financial statements have therefore been prepared on a going concern basis.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

2	DONATIONS	Notes	Unrestricted	Restricted	Total	Total
			2023-24	2023-24	2023-24	2022-23
			£	£	£	£
	Donations	a	28,122	13,150	41,272	48,552

In 2022-23, £45,552 of the total income from donations was attributable to the unrestricted fund, and the remaining £3,000 was attributable to the restricted fund.

(a) Analysis of Donations Received Festival Republic Universal Music Jim Dixon (Oxygen House) Dixon Foundation Various donations to core costs Live Nation Association of Independent Festivals Ltd (AIF) Superstruct Entertainment	Unrestricted Restricted Total Total 2023-24 2023-24 2023-24 2022-23 £ £ £ £ 17,500 17,500 - Core Donation 10,000 - 10,000 10,000 Core Donation - 6,575 6,575 - Vision2025 - 6,575 6,575 - Vision2025 622 - 622 552 Core Donation - - 35,000 Core Donation - - - 1,500 Powerful Thinking: Vision2025 - - - 1,500 Powerful Thinking: Vision2025 28,122 13,150 41,272 48,552

3	CHARITABLE ACTIVITIES	**Note **	Unrestricted	Restricted	Total	Total
			2023-24	2023-24	2023-24	2022-23
			£	£	£	£
	Grants	a	526	661,980	662,506	366,476
	Primary purpose trading	b	904,451	7,750	912,201	1,007,664
	Total income from charitable activities		904,977	669,730	**1,574,707 **	1,374,140

In 2022-23, £375,078 of total income from charitable activities was attributable to restricted funds, and the remaining £999,062 was attributable to unrestricted funds.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

(a) Analysis of Grant Income Grants Stiftung Auxilium - Porticus British Film Institute Pro Helvetia, Swiss Arts Council Earth percent - Vision2025 Earth percent - Music Event Industry Forum - Purple Guide Grant Erasmus The European Cultural Foundation Arts Council England grant GECOP Vision2025 DWP - Access to Work Dixon Foundation Festival Republic Arts Council England - ACE grant for Creative Climate Digital Platform Arts Council England - International Touring and Environmental Responsibility The British Council - Egypt The British Council - Grant for the development of COP 28 activities

Unrestricted Restricted Total Total 2023-24 2023-24 2023-24 2022-23 £ £ £ £ - 265,733 265,733 127,925 - 118,538 118,538 - - 89,397 89,397 - - 54,000 54,000 - - 21,775 21,775 - - 20,000 20,000 25,000 - 20,000 20,000 - - 20,000 20,000 - - 15,000 15,000 18,000 - 14,163 14,163 14,051 - 13,374 13,374 - - 10,000 10,000 - 526 - 526 - - - - 40,000 - - - 1,500 - - - 140,000

526 661,980 662,506 366,476

In 2022-23, £366,476 grant income was attributable to restricted funds, and £nil was attributable to unrestricted funds.

 Stiftung Auxilium (Porticus) - fund to support the delivery of additional Creative Climate Leadership programmes, further develop the CCL partnership model, and strengthen the international Creative Climate Leadership Network of alumni through events, financial support, marketing and communications.

 British Film Institute - grant to deliver a 3-year programme of support to the screen sector 'beyond production' under the BFI's Sustainable Screen Programme with the aim of building environmental understanding and action working with BFI National Lottery partners and awardees

 Pro Helvetia - supporting the delivery, in partnership with Swiss culture and climate network Vert Le Futur and Stiftung Mercator Schweiz, of the first Creative Climate Leadership Switzerland programme and the development of the CCL Network in Switzerland and internationally.

 Arts Council England - International Touring and Environmental Responsibility - A collaboration with Arts Council England, the Danish Arts Foundation and Arts Council Norway, with the aim of fostering relationships between artists and companies based in Denmark, Norway, and England, supporting them to develop new, environmentally

ibl h t i t ti l t i d ll b ti  The British Council - Egypt - fund for the purposes of the delivery of a culture and environment collaborative workshop in Egypt

 Earth Percent - Vision 2025 - grant towards inspiring a significant reduction in the climate impacts of outdoor live events by 2025 and contributing to the collective working, aims and impact of the ‘greening music ecosystem'

 Earth Percent - Music - grant towards to drive climate action in the music industry through research, policy and industry advocacy, practical tools, training, mentoring and networking

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

 The British Council - Grant for the development of COP 28 activities - to support Julie’s Bicycle’s team to participate at COP28 , to share best practice and represent UK leadership in the cultural sector, including the curation of the Resilience Hub at COP28. The activity is meant to support the British Council’s to increase networks and connections globally at the intersection between climate and the arts

 The Event Industry Forum - Purple Guide Grant funds Vision 2025: A Vision For a Sustainable Industry related to outdoor events

 Erasmus - Future Festival Tools: green competency for event professionals. A project bringing together a consortium of seven European partners to empower event professionals in live events across the EU to be future-ready, with green competency, tools and personal certification. Co-funded by the Erasmus and Programme of the European Union.

 The European Cultural Foundation - The project will build and strengthen this critical network, enabling members to share learning, communicate with their diverse audiences, and advocate for justice and culture-led solutions at the highest levels. It will also create an alumni advocacy group focused on national and international policy (COP, UN, G20, European Commission).

 Arts Council England grant GECOP Vision2025 - to part-fund a pilot in collaboration with ten local authorities to test how the Green Events Code of Practice (GECOP) - previously developed - can be used to embed sustainability within local authority processes.

(b) Analysis of Primary Purpose Trading Arts Council England Other Accrued Income b/f Arts Council England Creative Green Consultancy, Music, Licensing Tools and Partnership Deferred Income b/f Arts Council England Creative Green Consultancy, Music, Licensing Tools and Partnership Accrued Income c/f Arts Council England Creative Green Consultancy, Music, Licensing Tools and Partnership Deferred Income c/f Arts Council England Creative Green Consultancy, Music, Licensing Tools and Partnership Total income from primary purpose trading Creative Green Consultancy, Music, Licensing Tools and Partnership	Unrestricted Restricted Total Total 2023-24 2023-24 2023-24 2022-23 £ £ £ £ 495,276 495,276 321,310 400,567 19,150 419,717 581,071 29,607 - 29,607 58,620
	925,450 19,150 944,600 961,001
	- - - - - (39,282) - (39,282) (14,828) 17,125 - 17,125 49,000 104,593 - 104,593 94,885 - - - - 14,188 - 14,188 39,324 (85,903) - (85,903) (17,125) (31,720) (11,400) (43,120) (104,593)
	904,451 7,750 912,201 1,007,664

In 2022-23 £999,062 of the primary purpose trading was attributable to unrestricted funds and £8,602 was attributable to restricted funds.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

4 OTHER TRADING ACTIVITIES Note Sponsorship a	Unrestricted Restricted Total Total 2023-24 2023-24 2023-24 2022-23 £ £ £ £ - 7,492 7,492 18,050
	- 7,492 7,492 18,050

In 2022-23, £54,000 of the total income from other trading activities, £15,000 was attributable to the unrestricted fund, and the remaining £3,050 was attributable to the restricted fund.

(a) Analysis of Sponsorships Brown Fox Communications Limited Good Energy IDE Systems Ltd Sunbelt Rentals Symphotech Group	Unrestricted Restricted Total Total 2023-24 2023-24 2023-24 2022-23 £ £ £ £ - 7,492 7,492 1,325 - - - 15,000 - - - 575 - - - 575 - - - 575
	- 7,492 7,492 18,050

5 INVESTMENT INCOME Note Bank interest Other financial income Total income from Investments	Unrestricted Restricted Total Total 2023-24 2023-24 2023-24 2022-23 £ £ £ £ 3,060 - 3,060 1,212 14 - 14 438
	3,074 - 3,074 1,650

In 2022-23, the total £1,212 income from interest and £438 from other financial income were attributable to unrestricted funds.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

6 ANALYSIS OF TOTAL EXPENDITURES Notes Raising funds a Charitable expenditure Sustainable Creative Practice b Knowledge and Skills c Policy, advocacy and campaigns d Total expenditure Notes Raising funds Salaries e Direct costs Support costs: overheads f Sustainable Creative Practice Salaries e Direct costs Support costs: overheads f Knowledge and Skills Salaries e Direct costs Support costs: overheads f Policy and Advocacy Salaries e Direct costs Support costs: overheads f	Staff costs Direct costs Support costs: overheads Total Total 2023-24 2023-24 2023-24 2023-24 2022-23 £ £ £ £ £ 30,206 - 8,003 38,209 26,960 697,500 122,874 143,176 963,550 933,828 255,162 212,655 52,376 520,193 554,623 29,715 27,918 6,099 63,732 113,976
	1,012,583 363,447 209,654 1,585,684 1,629,387
	Restricted Unrestricted Designated Total Total 2023-24 2023-24 2023-24 2023-24 2022-23 £ £ £ £ £ - 30,206 - 30,206 17,510 - - - - - - 8,003 - 8,003 9,450
	- 38,209 - 38,209 26,960
	227,745 469,324 431 697,500 635,665 19,229 103,645 - 122,874 117,742 14,141 120,345 8,690 143,176 180,421
	261,115 693,314 9,121 963,550 933,828
	191,820 63,342 - 255,162 217,697 116,592 96,063 - 212,655 275,137 5,173 44,024 3,179 52,376 61,789
	313,585 203,429 3,179 520,193 554,623
	28,733 982 - 29,715 19,385 22,380 5,538 - 27,918 89,089 602 5,127 370 6,099 5,502
	51,715 11,647 370 63,732 113,976

In 2022-23, the whole amount of £26,960 expenditure on raising funds was attributable to unrestricted fund; and £582,314 expenditure on charitable activities was attributable to the restricted fund, £26,975 to the designated funds with the remaining £1,020,098 attributable to unrestricted funds.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

Analysis of Salaries, Employees and Key Management Personnel

Salaries Social security costs Pensions	2023-24 2022-23 £ £ 868,664 764,193 92,195 79,669 51,724 46,395 1,012,583 890,257 -

The number of FTE employees during the year was 21.1 (2022-23: 19.4).

Four employese received remuneration (including Employer NI and Pension) in between £60,001-£70,000 (2022-23: 4). They are all Key Management Personnel of the organization.

The key management personnel of Julie's Bicycle comprise the Trustees and those noted on page 1 of the accounts

The total employee and self-employed benefits of the key management personnel for the charitable company were £408,486 (202223: £393,659)

Analysis of Support Costs

Notes Staff welfare, recruitment and training Legal and professional fees Fundraising Premises Marketing Office costs Governance and compliance 7 Bank charges and other financial costs Travel and subsistence Total	2023-24 2022-23 £ £ 26,463 12,998 41,720 94,607 1,803 9,450 25,520 22,046 8,944 11,122 38,448 36,893 7,500 6,200 54,834 59,306 4,422 4,540
	209,654 257,162

Disclosure of Trustee's remuneration, benefits and expenses

None of the charity Trustees were paid, or have received any other benefits, from employment with Julie's Bicycle in the year (2022-23: £nil); one of the Trustees Sian Alexander has received remuneration for £15,900 for professional services of business strategy support supplied to the charity as freelancer, following her appointment approved by the totality of the Board members in the Board meeting held on 30th March 2022 (2022-23: £20,000).

7 OPERATING RESULT FOR THE YEAR

The operating surplus for the year is stated after charging: Statutory audit fee Tax advisory services	2023-24 2022-23 £ £ 7,500 6,200 - -
	7,500 6,200

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

8 INVESTMENTS

STMENTS
	2023-24	2022-23
	£	£
Shares in wholly owned
subsidiary undertaking at cost	1	1

The subsidiary undertaking, Julies Bicycle Trading Limited, is a company limited by shares, registered in England and Wales, No. 06405709. The company is currently dormant.

Income Expenditure Gifted profit Net profit Net assets	2023-24 2022-23 £ £ - - - - - -
	- -
	1 1

9 DEBTORS

Trade debtors Bad debt reserve Prepayments and accrued income Rent deposit	Unrestricted Restricted Total Total 2023-24 2023-24 2023-24 2022-23 £ £ £ £ 57,613 2,400 60,013 216,272 - - (541) 55,135 1,112 56,247 57,444 7,490 7,490 5,973
	120,238 3,512 123,750 279,148

In 2022-23, £273,962 of the total income from other trading activities was attributable to the unrestricted fund, and the remaining £5,186 was attributable to the restricted fund.

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

10 CREDITORS

Notes

CREDITORS Notes
Trade creditors Accruals Deferred income VAT payable Taxes and social security (a) Deferred Income reconciliation Brought forward at 1st April Amounts released to income Additions during the year Carried forward balance at 31st March	Unrestricted Restricted Total Total 2023-24 2023-24 2023-24 2022-23 £ £ £ £
	35,287 21,208 56,495 116,108 29,846 2,652 32,498 28,832 117,701 11,400 129,101 121,718 33,469 - 33,469 38,433 23,831 - 23,831 19,964
	240,134 35,260 275,394 325,055
	2023-24 2023-24 2023-24 2022-23 £ £ £ £ 121,718 - 121,718 143,885 (120,468) - (120,468) (98,045) 116,451 11,400 127,851 75,878
	117,701 11,400 129,101 121,718

Income has been deferred for Arts Council England, Creative Green Consultancy, Creative Climate Leadership and Vision2025 contracts in progress at year end.

11 RESTRICTED FUNDS - CURRENT YEAR Note

Grants, donations and sponsorship (a) Restricted funds - prior year Grants, donations and sponsorship	At 1st April 2023 Incoming Resources Resources Expended Transfers In/(Out) At 31st March 2024 £ £ £ £ £ 158,951 690,372 (626,415) (1,122) 221,786
	158,951 690,372 (626,415) (1,122) 221,786
	At 1st April 2022 Incoming Resources Resources Expended Transfers In/(Out) At 31st March 2023 £ £ £ £ £ 360,883 381,128 (582,313) (747) 158,951
	360,883 381,128 (582,313) (747) 158,951

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

12 UNRESTRICTED FUNDS - CURRENT YEAR

ESTRICTED FUNDS - CURRENT YEAR Notes Designated funds Redundancy and notice period fund a Organisational development fund b General funds c Total unrestricted funds d	At 1st April 2023 Incoming Resources Resources Expended Transfers In/(Out) At 31st March 2024 £ £ £ £ £ 77,434 - (431) 16,237 93,240 60,000 - (12,239) 47,761
	137,434 - (12,670) 16,237 141,001
	387,966 936,173 (946,599) (15,115) 362,425
	525,400 936,173 (959,269) 1,122 503,426

• (a) The redundancy and notice period fund has been designated to cover the potential liability should the charity have to close the organisation, or undertake restructuring.

• During the year and amount of £431 was paid to one employee from the redundancy and notice period fund during the year. (2022-23: £nil)

The balance of the fund at year end has been constituted on the following basis: the amount of statutory redundancy due at 31st March 2025 to all entitled staff employed as at 31st March 2024 (calculated according to the statutory redundancy rates as at 6th April 24) plus the amount of the contractual notice period exceeding three months for all employed staff entitled as at 31 March 2024.

• (b) The current priorities for the organisational development fund are to support on-going development of staff, and of organisational infrastructure and new business models to enable a strategic, dynamic and responsive approach to constantly evolving opportunities and challenges, including international work.

Of the £60,000 carried forward from 2022-23 the utilization in 2023-24 was £12,239. (202-23 £26,975).

• (c) The level of the general funds has been reviewed by the Trustees who have taken a prudent approach to establishing company reserves and have set these at three months unrestricted operating expenses to further any of the charity’s purposes.

(d) Unrestricted funds - prior year Redundancy and notice period fund Organisational development fund General funds Total unrestricted funds	At 1st April 2022 Incoming Resources Resources Expended Transfers In/(Out) At 31st March 2023 £ £ £ £ £ 57,741 - - 19,693 77,434 69,896 - (26,975) 17,079 60,000
	127,637 - (26,975) 36,772 137,434
	382,825 1,061,265 (1,020,099) (36,025) 387,966
	510,462 1,061,265 (1,047,074) 747 525,400

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JULIE’S BICYCLE FINANCIAL STATEMENTS YEAR ENDING 31 MARCH 2024

13 OPERATING LEASE COMMITMENTS

The charity's total future minimum lease payments under non-cancellable operating leases are as follows for each of the following periods:

Less than one year: Two to five years: Over five years	2023-24 2022-23 £ £ 25,463 6,098 33,833 - - -
	59,297 6,098

Julies Bicycle current lease at Somerset House is from 15th July 2023 to the 14th July 2026. Julie’s Bicycle can terminate the lease agreement at any time giving the landlord six months’ notice in writing.

14 RELATED PARTIES

• A donation of £17,500 was received from Festival Republic Limited, where Melvin John Benn, is one of the directors and is a trustee at Julies Bicycle (2022-23: £35,000).

• A donation of £10,000 was received from Universal Music UK Ltd , where Jonathan Badyal is a Communication Director (not company director) and is a trustee at Julies Bicycle. (2022-23: £10,000)

15 CORPORATION TAX

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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