Company registration number: 05622092 Charity registration number: 1153800
Sustainable Travel Collective Ltd
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2023
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Sustainable Travel Collective Ltd
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 to 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 19 |
Sustainable Travel Collective Ltd
Reference and Administrative Details
Trustees Philip Crompton, Chair Clare Linton Laura Jane Elliott Robert Hannigan David Newborough Anna Smith-Clare Prakash Ghedia Senior Management Team Helen Burrows-Hemstock, Chief Executive Gina Law, Finance Manager Charity Registration Number 1153800 Company Registration Number 05622092 Registered Office The Lenton Centre Willoughby Street Nottingham Nottighamshire NG7 1RQ Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
Sustainable Travel Collective Ltd
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2023.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Philip Crompton, Chair Clare Linton Laura Jane Elliott Robert Hannigan David Newborough Anna Smith-Clare Prakash Ghedia Gemma Tuckwood (resigned 11 April 2023)
Structure, governance and management
Nature of governing document
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association, incorporated on 14/11/2005 most recently amended by special resolution dated 20/04/2020. It has no share capital and the liability of each member in the event of winding-up is limited to £10.
Recruitment and appointment of trustees
We advertise on Chairtyjobs.co.uk, social media and local news outlets. Applications are welcomed via email or letter to our Chairman. The Chairman discusses all applications with Trustees and selects based on lived experience and skills. Applicants are interviewed and matched against the Board of Trustee's criteria.
Objectives and activities
Objects and aims
To promote conservation and protection of the environment by promoting the use of methods of transport which will have the least impact on the environment.
The Sustainable Travel Collective is a charity promoting and encouraging the development and use of sustainable forms of travel by influencing behaviour change and delivering travel related products and services to a wide range of local communities, from businesses to small neighbourhood groups. In doing this, communities will benefit economically and socially from reduced cost, reduced congestion, increased accessibility, improved environments, better health and well-being and enhanced social cohesion.
Page 2
Sustainable Travel Collective Ltd
Trustees' Report
Objectives, strategies and activities
This year we supported over 2,000 young people through bikeability in schools as well as developing and delivering Holiday Activity Fund activities, supporting young people through school holidays. Our work with delivering walking interventions has progressed well, with some strategic walking partnerships being created to expand our activities.
We continue to support beneficiaries in Nottingham and Nottinghamshire, with expanded activities across the Nottinghamshire area with the development of two new cycle hubs in Stapleford and Ashfield.
Public benefit
Our activities provide opportunities to support the conservation of the environment, including clear air, reduced congestion and improved health and wellbeing.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Financial review
This year has been a challenging year, with significant staff illness impacting our financial position as we covered this loss through consultancy support. In addition, lengthy contractual processes has impacted our income significantly.
Policy on reserves
Our reserves are currently at £10,000 and we aim to increase them over 5 years to at least £25,000 in order to stabalise ourselves in the eventuality of funding cuts through Trust and Grant funders.
We currently have very few long term funding sources and this will remain a risk.
Page 3
Sustainable Travel Collective Ltd
Trustees' Report
Statement of Responsibilities
The trustees (who are also the directors of Sustainable Travel Collective Ltd for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they 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 its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can 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 other irregularities.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
14.12.2023 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Philip Crompton Trustee
Page 4
Sustainable Travel Collective Ltd
Independent Examiner's Report to the trustees of Sustainable Travel Collective Ltd ('the Company')
Independent examiner’s report to the trustees of Sustainable Travel Collective Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
......................................
John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
14.12.2023 Date:.............................
Page 5
Sustainable Travel Collective Ltd
Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total Income Expenditure on: Charitable activities 6 Total Expenditure Net (expenditure)/income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted £ 6,187 62,660 58 68,905 (81,316) (81,316) (12,411) (9,901) (22,312) 74,443 52,131 |
Restricted £ - 312,576 - 312,576 (335,815) (335,815) (23,239) 9,901 (13,338) 31,002 17,664 |
Total 2023 £ 6,187 375,236 58 381,481 (417,131) (417,131) (35,650) - (35,650) 105,445 69,795 |
Total 2022 £ 36,638 374,133 3 |
|---|---|---|---|---|
| 410,774 | ||||
| (405,840) | ||||
| (405,840) | ||||
| 4,934 - |
||||
| 4,934 100,511 |
||||
| 105,445 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 14.
The notes on pages 9 to 19 form an integral part of these financial statements. Page 6
Sustainable Travel Collective Ltd
Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net income Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted funds £ 36,638 93,764 3 130,405 (129,867) (129,867) 538 (7,764) (7,226) 81,669 74,443 |
Restricted funds £ - 280,369 - 280,369 (275,973) (275,973) 4,396 7,764 12,160 18,842 31,002 |
Total 2022 £ 36,638 374,133 3 |
|---|---|---|---|
| 410,774 | |||
| (405,840) | |||
| (405,840) | |||
| 4,934 - |
|||
| 4,934 100,511 |
|||
| 105,445 |
The notes on pages 9 to 19 form an integral part of these financial statements. Page 7
Sustainable Travel Collective Ltd
(Registration number: 05622092) Balance Sheet as at 31 March 2023
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand 10 Creditors: Amounts falling due within one year 11 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds 14 Unrestricted income funds Unrestricted funds Total funds 14 |
2023 £ 4,115 18,672 48,586 67,258 (1,578) 65,680 69,795 17,664 52,131 69,795 |
2022 £ 9,701 28,670 68,984 |
|---|---|---|
| 97,654 (1,910) |
||
| 95,744 | ||
| 105,445 | ||
| 31,002 74,443 |
||
| 105,445 |
For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 6 to 19 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by: 14.12.2023
......................................... Philip Crompton Trustee
The notes on pages 9 to 19 form an integral part of these financial statements. Page 8
Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Sustainable Travel Collective Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
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Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Depreciation is calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed assets with a cost exceeding £500 over their expected useful lives on a straight line basis
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Furniture & equipment | 20% straight line |
| Computer equipment | 33% straight line |
| Bicycles | 33% straight line |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2 Income from donations and legacies
| Grants, including capital grants; Government grants Grants from other charities Grants from companies Other income from donations and legacies |
Unrestricted funds General £ - 3,765 1,000 1,422 6,187 |
Total 2023 £ - 3,765 1,000 1,422 6,187 |
Total 2022 £ 2,786 25,437 5,350 3,065 |
|---|---|---|---|
| 36,638 |
3 Income from charitable activities
| Bike sales and repairs Fees Grants Sundry income |
Unrestricted funds General £ 11,918 50,742 - - 62,660 |
Restricted funds £ - 19,844 292,732 - 312,576 |
Total 2023 £ 11,918 70,586 292,732 - 375,236 |
Total 2022 £ 6,784 152,219 213,598 1,532 |
|---|---|---|---|---|
| 374,133 |
Page 11
Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
4 Grants & donations
| Active Partnerships AECOM Infrastructure & Environment UK Limited Ashfield District Council BBC Children in Need Bestwood Partnership British Blind Sport Broxtowe Borough Council Cycling Instructor Ltd Cycling UK:Cycling UK Stapleford Hub Tools Cycling UK: Lenton Abbey Park Cycle Centre East Midlands Airport Groundworks UK:Tesco Community Fund Nottingham City Council Nottingham Council for Voluntary Services Nottingham Forest Community Trust Peoples Health Trust Pfizer The Bikeability Trust Various donations 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds £ - - - - - 2,990 - - - - - - - - - - 1,000 775 1,422 6,187 Unrestricted funds General £ 58 |
Restricted funds £ 18,500 28,167 9,175 10,487 7,300 - 20,000 1,600 3,190 2,981 1,600 500 122,043 18,304 2,400 19,384 - 27,101 - 292,732 Total 2023 £ 58 |
Total £ 18,500 28,167 9,175 10,487 7,300 2,990 20,000 1,600 3,190 2,981 1,600 500 122,043 18,304 2,400 19,384 1,000 27,876 1,422 |
|---|---|---|---|
| 298,919 | |||
| Total 2022 £ 3 |
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Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
6 Expenditure on charitable activities
| Activities Bikes & accessories Consultancy Conferences & events Equipment Hospitality Insurance IT & communications Legal & professional fees Memberships & subscriptions Marketing & publicity Salaries, NIC & pensions Sundry expenses Training Printing & stationery Recruitment Rent & services Travel Depreciation Internal charges Bank charges Paypal fees |
Unrestricted funds General £ 22,572 5,532 4,875 15 2,680 151 2,617 6,306 5,842 1,459 905 50,803 679 1,605 717 - 6,811 873 5,586 (38,914) 134 69 81,317 |
Restricted funds £ 74,450 10,718 21,101 58 3,252 4,297 850 1,880 441 365 1,245 169,597 49 228 1,182 - 4,602 2,586 - 38,914 - - 335,815 |
Total 2023 £ 97,022 16,250 25,976 73 5,932 4,448 3,467 8,186 6,283 1,824 2,150 220,400 728 1,833 1,899 - 11,413 3,459 5,586 - 134 69 417,132 |
Total 2022 £ 103,779 24,827 10,260 655 2,284 236 2,041 11,339 9,621 2,084 4,241 203,942 1,073 7,402 3,358 423 8,533 3,205 6,374 - 163 - |
|---|---|---|---|---|
| 405,840 |
7 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2023 £ 200,891 13,700 5,809 220,400 |
2022 £ 186,911 12,729 4,302 |
|---|---|---|
| 203,942 |
Page 13
Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| Average number of employees | 2023 No 6 |
2022 No 6 |
|---|---|---|
4 (2022 - 4) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £5,809 (2022 - £4,302).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £79,019 (2022 - £92,575).
8 Tangible fixed assets
| Cost At 1 April 2022 At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 9 Debtors Trade debtors Prepayments Other debtors |
Computer equipment £ 5,779 |
Bicycles £ 14,682 |
Total £ 20,461 20,461 10,760 5,586 16,346 4,115 9,701 2022 £ 27,715 904 51 |
||
|---|---|---|---|---|---|
| 5,779 | 14,682 | ||||
| 4,300 1,479 |
6,460 4,107 |
||||
| 5,779 | 10,567 | ||||
| - | 4,115 | ||||
| 1,479 | 8,222 | ||||
| 2023 £ 15,365 2,746 561 18,672 |
|||||
| 28,670 |
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Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
10 Cash and cash equivalents
| 10 Cash and cash equivalents | ||
|---|---|---|
| Cash on hand Cash at bank |
2023 £ 1,029 47,557 48,586 |
2022 £ 651 68,333 |
| 68,984 |
11 Creditors: amounts falling due within one year
| Other creditors Accruals |
2023 £ 1,578 - 1,578 |
2022 £ 1,500 410 |
|---|---|---|
| 1,910 |
12 Obligations under leases and hire purchase contracts
The total value of future minimum lease payments was as follows:
| Within one year | 2023 £ 1,058 1,058 |
2022 £ 1,058 |
|---|---|---|
| 1,058 |
The charity pays varying amounts for offices depending on the space used. The average rent is £1058 per month. There is no formal lease, but a month's notice period is agreed.
13 Charity status
The charity is a company limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
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Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
14 Funds
| Unrestricted funds General General fund Restricted funds Bikeability (Schools) BBC Children in Need Holiday Bike Club (NLCF) Nottingham Forest Brewster's Park NCC Cycling Programme E - Bike Referral Project (NCC) Green Social Prescribing (LAP) Holiday Activity Fund & Food Lenton Abbey Park Cycle Centre (Cycling UK) Nottinghamshire Community Bike Library (Together for our Planet) Notts County Council Active Travel (AECOM) Stapleford - Connected Communities Stapleford Cycle Hub Titchfield Park - Hucknall (Ashfield DC) Walk & Talk - Active Hepatology (NCC) Strategic Walking In Notts (Active Partnerships) Walking Wellbeing Notts - Ramblers Cycling Events at Harvey Haddon - NCC East Midlands Airport Community Funds Groundworks UK - Tesco Community Fund |
Balance at 1 April 2022 £ 74,443 21,024 - 9,978 - - - - - - - - - - - - - - - - - |
Incoming resources £ 68,905 95,185 10,487 - 2,400 2,537 7,667 5,040 54,616 2,981 - 28,167 19,384 23,190 9,175 9,990 18,500 13,264 7,893 1,600 500 |
Resources expended £ (81,316) (116,209) (10,487) (9,978) (2,400) (2,537) (7,667) (5,040) (54,616) (2,981) (9,901) (28,167) (17,531) (23,190) (9,175) (9,990) (18,500) (5,466) (290) (1,600) (90) |
Transfers £ (9,901) - - - - - - - - - 9,901 - - - - - - - - - - |
Balance at 31 March 2023 £ 52,131 - - - - - - - - - - - 1,853 - - - - 7,798 7,603 - 410 |
|---|---|---|---|---|---|
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Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
| Total restricted funds Total funds |
Balance at 1 April 2022 £ 31,002 105,445 |
Incoming resources £ 312,576 381,481 |
Resources expended £ (335,815) (417,131) |
Transfers £ 9,901 - |
Balance at 31 March 2023 £ 17,664 |
|---|---|---|---|---|---|
| 69,795 |
The specific purposes for which the funds are to be applied are as follows:
Bikeability – cycle training in primary schools BBC Children in Need – bike loans and training to vulnerable children Holiday Bike Club – Holiday Activity Fund programme for school holidays, food and activity Nottinghsm Forest - School holiday activity club Brewsters Park NCC Cycle Programme – Community focused cycle fun days Ebike referral programme – social prescribing of ebikes to adults Green Social Prescribing – social prescribing of walks and cycle rides to adults Holiday Activity Fund Programme – school holiday support programme for children Lenton Abbey Park Cycle Centre – weekly cycle training for adults Nottinghamshire Community Bike Library – recycling of bike donations Notts County Active Travel (AECOM) – community based Bike programmes Stapleford Connected Communities – People’s Health Trust funded programme for disadvantaged communities Stapleford Cycle Hub – community based bike repair for Stapleford residents Titchfield Park Hucknall – community based bike repair and cycle lessons for Hucknall residents Walk and Talk – supportive walking sessions through clinical referrals
Walking in Notts – strategic leadership programme around walking in Nottingham and Nottinghamshire Walking Wellbeing Notts – super partnership with Ramblers to train walk leaders and build networks Cycling Events at Harvey Haddon - Ncc - community focused cycle fun events East Midlands Airport Community Funds - a project to support isolated members of the community Groundworks UK - Tesco Community fund - a project to promote cycling events at Lenton Abbey Park Hucknall Activities (Ashfield DC) - community based bike repair and cycle lessons for Hucknall residents
Page 17
Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
| Unrestricted funds General General fund Restricted Cycle Centres Road User Training (Access) Active Travel Support (Access Business) Bike Library Neighbourly Bike Library Schools Bike Aid Sport England Bikeability (Schools) BBC Children in Need Cycling UK Stapleford Job Seekers Support Kickstart Holiday Bike Club (NLCF) Nottingham Forest Sport England Equipment Fund Bikeability Total restricted funds Total funds |
Balance at 1 April 2021 £ 81,669 310 6,063 5,220 - - - 7,249 - - - - - - - - - 18,842 100,511 |
Incoming resources £ 130,405 45,000 - 29,000 10,000 7,300 18,000 - 32,612 9,987 2,507 19,115 7,147 9,978 15,360 8,750 65,613 280,369 410,774 |
Resources expended £ (129,867) (45,310) (6,063) (34,220) (10,000) (7,300) (18,000) (7,249) (11,588) (9,987) (2,507) (19,115) (7,147) - (15,360) (8,750) (73,377) (275,973) (405,840) |
Transfers £ (7,764) - - - - - - - - - - - - - - - 7,764 7,764 - |
Balance at 31 March 2022 £ 74,443 - - - - - - - 21,024 - - - - 9,978 - - - |
|---|---|---|---|---|---|
| 31,002 | |||||
| 105,445 |
The transfer from the General fund to the Nottinghamshire Community Bike Library (Together for our Planet) fund is to transfer the income received to fund this project.
Page 18
Sustainable Travel Collective Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
15 Analysis of net assets between funds
Unrestricted
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
General £ 4,115 49,594 (1,578) 52,131 Unrestricted General £ 9,701 66,652 (1,910) 74,443 |
Restricted £ - 17,664 - 17,664 Restricted £ - 31,002 - 31,002 |
2023 Total funds £ 4,115 67,258 (1,578) |
|---|---|---|---|
| 69,795 | |||
| 2022 Total funds £ 9,701 97,654 (1,910) |
|||
| 105,445 |
16 Fees payable to independent examiner
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Accounting Plus are analysed as follows: | ||
|---|---|---|
| Independent examination Other financial services |
2023 £ 1,315 2,473 3,788 |
2022 £ 1,250 1,895 |
| 3,145 |
17 Taxation
The charity is a registered charity and is therefore exempt from taxation.
18 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
19 Related party transactions
There were no related party transactions in the year.
Page 19