**REGISTERED CHARITY NUMBER: 1153703**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **FOR**
## **EMPOWERED PEOPLE**
TC Group Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
**EMPOWERED PEOPLE**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|13|
**EMPOWERED PEOPLE**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2025**
**TRUSTEES** D S Lord T. Robinson N R Perry C J Brookman **PRINCIPAL ADDRESS** 2 Salford Way Todmorden West Yorkshire OL14 7LF **REGISTERED CHARITY NUMBER** 1153703 **INDEPENDENT EXAMINER** TC Group Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
Page 1
**EMPOWERED PEOPLE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's principal objectives as set out in its constitution are :
1. to protect and promote the good mental and physical health of the general public through the promotion of educational activities, primarily but not exclusively for those who suffer from diagnosed medical conditions by whatever charitable means the executive committee think fit.
2. to provide facilities in the interests of social welfare for recreation and leisure time occupation for
those who have need by reason of their youth age, disability, social or economic circumstances with the object of improving the conditions of life for the said beneficiaries.
## **Public benefit**
When planning the activities for the year, the trustees have considered the commissions guidance on public benefit and in particular the trustees have considered how planned activities will contribute to the aims and objectives they have set.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
EMpowered people has become a recognised charity with its unique approach to helping and supporting adults with a disability, who have a desire to either discover or re-engage with the fantastic health benefits that adapted cycling can offer.
From the inception of the charity in April 2013, EMpowered people has grown through the activities of our Taster Days, Social Rides, Fully Supported distance rides, and involvement with the public through exhibitions, media coverage, and presentations.
During 2025 the Charity held two residential long weekends of cycling activity, one based at the Beamsley Project in Wharfedale, North Yorkshire and the other at Llandudno Junction in Gwynedd. In addition, the Charity ran its usual mixture of training sessions and local rides as well as constructing two e-trikes from donated frames.
The Charity also received a donation of a recumbent 'ICE' e-trike complete with automatic gear shifting. This has proved extremely useful for riders with balance issues with conventional trikes.'
The charity has also continued to adapt bikes to meet the needs of our beneficiaries as their existing conditions have evolved.
We are pleased to have been able to help people either take up/ or resume cycling activities during the course the year.
The Trustees would like to express their thanks and appreciation to all those helpers who gave, and continue to give, their unstinted support to the charity and to those individuals and organisations who generously provided financial support during the year.
The charities main aim is to give a disabled person the ability to either discover or re-engage with the fabulous freedom and health benefits that cycling can give.
Medical proof shows that an active person will maintain a greater independence and a healthier life style. Our belief is that this is crucial for mobility impaired people. Non impact exercise such as cycling, coupled with the correct assistance, training and equipment, will improve a person's health and well-being.
From the start of the charity it has always been the intention to help and support adults with a disability, and through the life of the charity, we have seen it develop into a much more powerful organisation, not only providing help and support for the EMpowered riders but benefiting their family and their friends.
Empowering someone to achieve incredible results has a tremendous effect on that person and creates a very positive message within their family and community of just what they can accomplish
Oxford Dictionary definition of EMpowered People:
- Make (someone) stronger and more confident, especially in controlling their life and claiming their rights.
Page 2
**EMPOWERED PEOPLE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025**
## **FINANCIAL REVIEW**
## **Financial position**
The charity had a surplus for the year on unrestricted funds of £647 which will be carried forward into 2026. Total funds carried forward amounts to £53,351, of which £23,000 has been ring fenced as a designated fund of £13,000 in respect of van replacement and £10,000 designated towards future core costs. At the end of the year the restricted funds amounted to £25,500.
## **Investment policy and objectives**
The trustees have considered the most appropriate policy for investing funds and consider that a bank deposit account serve the needs of the charity.
## **Reserves policy**
It is the intention of the trustees to achieve a balance equivalent to 12 months core costs in a designated fund. At the year end the free reserves were £2,980 and including the designated fund of £10,000 towards core costs, this is in line with the policy.
## **FUTURE PLANS**
The charity will organise regular taster days, social rides and fully supported longer rides.
The charity will continue to adapt and modify its own and disabled riders' bikes to meet the evolving needs of those we help.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Organisational structure**
The charity operations are conducted by the trustees.
Approved by order of the board of trustees on 28 April 2026 and signed on its behalf by:
D S Lord - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EMPOWERED PEOPLE**
## **Independent examiner's report to the trustees of Empowered People**
I report to the charity trustees on my examination of the accounts of Empowered People (the Trust) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Vivien Hill FCA
TC Group Park House 200 Drake Street Rochdale Lancashire OL16 1PJ
28 April 2026
Page 4
## **EMPOWERED PEOPLE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025**
|||||**2025**|2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|**Total**|Total|
|||funds|funds|**funds**|funds|
||Notes|£|£|**£**|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies||**4,653**|**29,855**|**34,508**|11,010|
|Other trading activities|2|**21,917**|**-**|**21,917**|11,951|
|Investment income|3|**376**|**-**|**376**|370|
|**Total**||**26,946**|**29,855**|**56,801**|23,331|
|**EXPENDITURE ON**||||||
|**Charitable activities**|4|||||
|Charitable activities||**26,299**|**14,272**|**40,571**|36,487|
|**NET INCOME/(EXPENDITURE)**||**647**|**15,583**|**16,230**|(13,156)|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||**27,204**|**9,917**|**37,121**|50,277|
|**TOTAL FUNDS CARRIED FORWARD**||**27,851**|**25,500**|**53,351**|37,121|
The notes form part of these financial statements
Page 5
## **EMPOWERED PEOPLE**
## **BALANCE SHEET 31 DECEMBER 2025**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
8
**1,871**
**-**
**CURRENT ASSETS**
Stocks
9
**1,152**
**-**
Debtors
10
**6,060**
**-**
Cash at bank and in hand
**24,001**
**25,500**
**31,213**
**25,500**
**CREDITORS**
Amounts falling due within one year
11
**(5,233)**
**-**
**NET CURRENT ASSETS**
**25,980**
**25,500**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**27,851**
**25,500**
**NET ASSETS**
**27,851**
**25,500**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2025**
**Total**
**funds**
**£**
**1,871**
**1,152**
**6,060**
**49,501**
**56,713**
**(5,233)**
**51,480**
**53,351**
**53,351**
**27,851**
**25,500**
**53,351**|2024
Total
funds
£
11,042
-
2,178
27,135|
|---|---|---|
|||29,313
(3,234)|
|||26,079|
|||37,121|
|||37,121|
|||27,204
9,917|
|||37,121|
The financial statements were approved by the Board of Trustees and authorised for issue on 28 April 2026 and were signed on its behalf by:
D S Lord - Trustee
The notes form part of these financial statements
Page 6
**EMPOWERED PEOPLE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost Motor vehicles - 20% on cost
The Charity has a policy where by beneficiaries can apply to purchase an adapted bike. The selling price can be below market value as the trustees take into account the needs of the beneficiary. Where a bike is sold below market value there is retention of title and the bike must be offered for sale back to the Charity at an agreed price once it is no longer required by the beneficiary.
The accounts do not include any provision for the re purchase of bikes as the timescale is unknown and there is no obligation on the Charity to actually make the purchase
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
## **EMPOWERED PEOPLE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **2. OTHER TRADING ACTIVITIES**
|**2.**|**OTHER TRADING ACTIVITIES**||||
|---|---|---|---|---|
||||**2025**|2024|
||||**£**|£|
||Organised rides||**17,268**|10,455|
||Other income||**324**|1,486|
||Fundraising||**-**|10|
||Sale of adapted bikes||**4,325**|-|
||||**21,917**|11,951|
|**3.**|**INVESTMENT INCOME**||||
||||**2025**|2024|
||||**£**|£|
||Deposit account interest||**376**|370|
|**4.**|**CHARITABLE ACTIVITIES COSTS**||||
|||Direct|||
|||Costs (see|Support||
|||note 5)|costs|Totals|
|||£|£|£|
||Charitable activities|**41,351**|**(780)**|**40,571**|
|**5.**|**DIRECT COSTS OF CHARITABLE ACTIVITIES**||||
||||**2025**|2024|
||||**£**|£|
||Rent of unit||**6,000**|6,000|
||Insurance||**2,170**|2,017|
||Telephone and broadband||**225**|621|
||Printing, stationery and postage||**89**|61|
||Sundry expenses||**253**|666|
||Repairs and bike maintenance||**1,194**|2,337|
||Organised ride costs||**13,130**|7,996|
||Welfare vehicle costs||**1,755**|2,525|
||Clothing||**-**|33|
||Cost of adapted bikes sold||**1,680**|-|
||Hub expenses||**2,880**|1,725|
||Depreciation||**11,975**|11,528|
||||**41,351**|35,509|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.
continued...
Page 8
## **EMPOWERED PEOPLE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **6. TRUSTEES' REMUNERATION AND BENEFITS - continued**
## **Trustees' expenses**
The trustees made a number of purchases on behalf of the charity during the period and were reimbursed. These are not considered to be trustee expenses. Four trustees were reimbursed expenses of £764 (2024 - £1,324).
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||
|---|---|---|
|Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
9,810
1,200
Other trading activities
11,951
-
Investment income
370
-
**Total**
22,131
1,200
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
24,900
11,587
**NET INCOME/(EXPENDITURE)**
(2,769)
(10,387)
**RECONCILIATION OF FUNDS**
Total funds brought forward
29,973
20,304
**TOTAL FUNDS CARRIED FORWARD**
27,204
9,917
**8.**
**TANGIBLE FIXED ASSETS**
Plant and
Motor
machinery
vehicles
£
£
**COST**
At 1 January 2025
**48,071**
**15,202**
Additions
**2,804**
**-**
At 31 December 2025
**50,875**
**15,202**
**DEPRECIATION**
At 1 January 2025
**37,029**
**15,202**
Charge for year
**11,975**
**-**
At 31 December 2025
**49,004**
**15,202**
**NET BOOK VALUE**
At 31 December 2025
**1,871**
**-**
At 31 December 2024
11,042
-|Total
funds
£
11,010
11,951
370
23,331
36,487
(13,156)
50,277
37,121
Totals
£
**63,273**
**2,804**
**66,077**
**52,231**
**11,975**
**64,206**
**1,871**
11,042|Total
funds
£
11,010
11,951
370|
|||23,331|
|||36,487|
|||(13,156)
50,277|
|||37,121|
continued...
Page 9
## **EMPOWERED PEOPLE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **9. STOCKS**
|**9.**|**STOCKS**|||||
|---|---|---|---|---|---|
|||||**2025**|2024|
|||||**£**|£|
||Stocks|||**1,152**|-|
|**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||**2025**|2024|
|||||**£**|£|
||Prepayments and accrued income|||**6,060**|2,178|
|**11.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
|||||**2025**|2024|
|||||**£**|£|
||Other creditors|||**5,233**|3,234|
|**12.**|**MOVEMENT IN FUNDS**|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.1.25|in funds|funds|31.12.25|
|||£|£|£|£|
||**Unrestricted funds**|||||
||General fund|**22,204**|**647**|**(18,000)**|**4,851**|
||Van replacement|**5,000**|**-**|**8,000**|**13,000**|
||Core costs|**-**|**-**|**10,000**|**10,000**|
|||**27,204**|**647**|**-**|**27,851**|
||**Restricted funds**|||||
||Pilot Bikes|**7,981**|**(7,981)**|**-**|**-**|
||Todmorden Society for the Blind|**1,936**|**(1,936)**|**-**|**-**|
||National Lottery|**-**|**20,000**|**-**|**20,000**|
||Scurrah Wainwright Charity|**-**|**4,500**|**-**|**4,500**|
||CFFC Halifax Older People's Holiday Fund|**-**|**1,000**|**-**|**1,000**|
|||**9,917**|**15,583**|**-**|**25,500**|
||**TOTAL FUNDS**|**37,121**|**16,230**|**-**|**53,351**|
continued...
Page 10
## **EMPOWERED PEOPLE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**26,946**|**(26,299)**|**647**|
|**Restricted funds**||||
|Community Foundation For Calderdale|**4,105**|**(4,105)**|**-**|
|Pilot Bikes|**-**|**(7,981)**|**(7,981)**|
|Todmorden Society for the Blind|**-**|**(1,936)**|**(1,936)**|
|Todmorden Rotary Club|**250**|**(250)**|**-**|
|National Lottery|**20,000**|**-**|**20,000**|
|Scurrah Wainwright Charity|**4,500**|**-**|**4,500**|
|CFFC Halifax Older People's Holiday Fund|**1,000**|**-**|**1,000**|
||**29,855**|**(14,272)**|**15,583**|
|**TOTAL FUNDS**|**56,801**|**(40,571)**|**16,230**|
## **Comparatives for movement in funds**
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.1.24|in funds|funds|31.12.24|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|29,973|(2,769)|(5,000)|22,204|
|Van replacement|-|-|5,000|5,000|
||29,973|(2,769)|-|27,204|
|**Restricted funds**|||||
|Pilot Bikes|15,937|(7,956)|-|7,981|
|Rent support|500|(500)|-|-|
|Todmorden Society for the Blind|3,867|(1,931)|-|1,936|
||20,304|(10,387)|-|9,917|
|**TOTAL FUNDS**|50,277|(13,156)|-|37,121|
continued...
Page 11
## **EMPOWERED PEOPLE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|22,131|(24,900)|(2,769)|
|**Restricted funds**||||
|Community Foundation For Calderdale|400|(400)|-|
|Pilot Bikes|-|(7,956)|(7,956)|
|Rent support|-|(500)|(500)|
|Todmorden Society for the Blind|-|(1,931)|(1,931)|
|Todmeorden Town Council|800|(800)|-|
||1,200|(11,587)|(10,387)|
|**TOTAL FUNDS**|23,331|(36,487)|(13,156)|
## **Pilot Bikes**
Donations made specifically towards funding five new pilot bikes have been included in a restricted fund and will be written off over the life of the bikes being 3 years on cost per the depreciation policy.
## **Community Foundation for Calderdale**
The grant was received to support the organised events held during the year.
## **Todmorden Society for the Blind**
The grant was received to fund the acquisition of a new Recumbent trike which is to be converted to act as a "bike train" trailer. The grant will be written off over 3 years per the depreciation policy.
## **Van Replacement**
A designated fund was created towards the eventual replacement of the van. This fund was increased during 2025.
## **Todmorden Town Council**
The grant was received as a contribution towards the mezzanine floor extension.
## **Core Costs**
A designated fund was created in 2025 to cover approximately 12 months core costs.
## **CFFC - Halifax Older people's Holiday fund**
A grant was received towards the support costs of 2026 Isle of Mann organised ride.
## **Roller Shutter Doors**
Grants were received from Community Foundation for Calderdale and Todmorden Rotary Club towards the cost of replacement roller shutter doors, these were fully utilised during 2025.
## **- National lottery Wheely Great**
A grant was received towards the cost of adapted cycles, core costs and tools. This grant was not utilised during 2025.
continued...
Page 12
**EMPOWERED PEOPLE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025**
## **12. MOVEMENT IN FUNDS - continued**
## **Scurrah Wainwright Charity**
A grant was received towards core costs for 2026 and hence was not utilsised during 2025.
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2025.
Page 13