**REGISTERED CHARITY NUMBER: 1160215**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for Wheels 2 Work County Durham**
**Wheels 2 Work County Durham**
**Contents of the Financial Statements for the Year Ended 31 March 2025**
||Page|
|---|---|
|Report of the Trustees|1 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 11|
**Wheels 2 Work County Durham Report of the Trustees for the Year Ended 31 March 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 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 objects of the Charitable Incorporated Organisation (CIO) are the relief of unemployment for the benefit of residents in County Durham or in such other geographical areas as trustees may decide, through the provision of modes of transport and connected services such as training that will enable individuals to take up new employment and skills.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This report of Wheels 2 Work County Durham covers the year ended 31 March 2025. The scheme provides non-electric pedal bicycles and loans scooters to people with job offers who would be unable to take them up without private transport. This may be due to shift timings or particular route issues that mean that public transport is not feasible.
The first rider joined the scheme in December 2016 and by the end of the first financial year seventeen riders had benefited from Wheels 2 Work. During 2017-18 41 riders participated in the scheme, with a further 45 people benefiting during 2018-19, another 73 during 2019-20 and a further 54, despite the impact of the Covid-19 pandemic and subsequent job losses, in 2020-21. A continuation of the effects of the Covid-19 pandemic, and longer-term loans, resulted in 42 people using the service in 2021-22 taking the total number to 282.
From 1st April 2022 to 31st March 2023, the number of people supported into employment through scooter hire was 51 and 52 by bicycle. From 1[st] April 2023 to 31[st] April 2024, the number of people supported into employment through scooter hire was 43 and 82 by bicycle. From 1[st] April 2024 to 31[st] March 2025, the number of people supported into employment through scooter hire was 52 and 91 by bicycle. This resulted in the overall number of people supported by bicycle or scooter into employment since commencement of the scheme being 653. Demand continues to grow annually.
The trustees confirm that they have referred to the guidance contained in the Charity Commissions' general guidance on public benefit when reviewing the CIO’s aims and objectives and in planning future activities.
## **FINANCIAL REVIEW**
## **Financial position**
The attached financial statements show the state of the finances and related transactions during the past year, which the trustees consider to be correct.
The year 2024-25 has seen the scheme receive a multi-year grant from the National Lottery and a resolution to the issues with electric scooters with compensation received. Incoming Resources have totalled £191,684 (2023-24 £179,623) whilst Resources Expended were £196,956 (2023-24 £202,531). That resulted in a deficit of £5,272 (2023-24 deficit of £22,908). Closing Net Assets at 31 March 2025 were £102,010 (2023-24 £107,282).
## **Investment policy and objectives**
Funds are maintained in an instant access bank account giving security and rapid access.
## **Reserves policy**
The target of the reserves policy is to maintain a level of reserves which will ensure a continuation of operations for at least six months without income. Reserves are defined as undesignated net current assets. At 31 March 2025 the level of reserves was £40,840.
The 2025 level of free reserves equates to operating costs for a period of 3.4 months without income at current expenditure levels. With multi-year grants in place protecting income this is not regarded as creating undue risk.
Page 1
**Wheels 2 Work County Durham Report of the Trustees for the Year Ended 31 March 2025**
## **Going concern**
The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements. The trustees of the charity have concluded that there are no material uncertainties related to the events or conditions that may cast doubt on the ability of the charity to continue as a going concern.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The organisation is a charitable incorporated organisation (CIO) registered on 29 January 2015. The organisation was established under a constitution that established the objects powers and governance of the CIO.
## **Recruitment and appointment of new trustees**
The charity trustees are members of the CIO. They are responsible for investing and expending funds of the charity in such a manner as they shall consider most beneficial for the achievements of the objectives. They enter into contracts on behalf of the charity. They are responsible for the proper management and administration of the CIO in accordance with the constitution.
The trustees are subject to retirement after a maximum of 3 years unless they retire or are removed in accordance with the constitution. Retiring trustees may be reappointed for a further term. Appointments are made by members of the CIO at its Annual General Meeting or at other times by ordinary resolution. Trustees are recruited for their ability to manage the charity in accordance with the provisions of the constitution and in furtherance of its objects. There must be a minimum of 3 trustees.
The present trustees have a variety of backgrounds and skills and the board seeks to maintain an appropriate range of skills to match the tasks undertaken by the board. Trustees must be familiar with the activities of the charity and in sympathy with them. Potential trustees identified by the existing trustees are, discussed with the other trustees then approached to check their availability.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have assessed the major risks to which the charity is exposed and where necessary have taken steps to minimise such risks.
Page 2
**Wheels 2 Work County Durham Report of the Trustees for the Year Ended 31 March 2025**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number:**
1160215
## **Principal address:**
Bullion Hall, South Approach, Bullion Lane Chester-Le-Street, County Durham, DH2 2DW
## **Bankers**
CAF Bank Ltd
## **Trustees**
Members who acted as trustees were as follows:
P J MacLellan G Mitchinson A J Allsop L Roughley M Purvis (resigned 12 Feb 25)
Independent examiner Mr P. Harnby FCA ICAEW Mitchell Grievson Ltd Kensington House, 3 Kensington Bishop Auckland County Durham DL14 6HX
Approved by order of the board of trustees on 17 December 2025 and signed on its behalf by:
## co P J MacLellan Trustee
Page 3
## **Independent Examiner's Report to the Trustees of Wheels 2 Work County Durham**
## **Independent examiner's report to the trustees of Wheels 2 Work County Durham**
I report to the charity trustees on my examination of the accounts of Wheels 2 Work County Durham for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable incorporated organisation (CIO) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 CI O as required by section 13 0 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.
## _(Jj_
MrP. HambyFCA
Mitchell Grievson Ltd Kensington House 3 Kensington Bishop Auckland County Durham DL14 6HX
Date: 18 December 2025
Page 4
## **Wheels 2 Work County Durham**
## **Statement of Financial Activities for the Year Ended 31 March 2025**
|**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Wheels 2 Work County Durham scheme
**Total Income**
**EXPENDITURE ON**
**Costs of Generating Funds**
Governance, application and monitoring of grants
**Charitable activities**
Wheels 2 Work County Durham scheme
**Total Expenditure**
**NET INCOME AND NET MOVEMENT IN**
**FUNDS**
**RECONCILIATION OF FUNDS**
**Funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Notes
2
3|Year Ended
31.03.25
Restricted
funds
£
36,000
**36,000**
41,214
**41,214**
**(5,214)**
5,214
**0**|Year Ended
31.03.25
Unrestricted
funds
£
155,684
**155,684**
3,429
152,313
**155,742**
**(58)**
102,068
**102,010**|Year Ended
31.03.25
Total
funds
£
191,684
**191,684**
3,429
193,527
**196,956**
**(5,272)**
107,282
**102,010**|Year Ended
31.03.24
Total
funds
£
179,623|
|---|---|---|---|---|---|
||||||**179,623**
1,137
201,394|
||||||**202,531**|
||||||**(22,908)**
130,190
**107,282**|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 5
**Wheels 2 Work County Durham**
## **Balance Sheet**
## **At 31 March 2025**
|||2018|2018|2025|2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£||£|£|
|**FIXED ASSETS**||||||
|Tangible assets|7|19,720|-|61,170|48,124|
|**CURRENT ASSETS**||||||
|Debtors|8|-|-|22,450|27,129|
|Cash at bank and in hand||98,661|-|47,341|42,584|
|||**98,661**|**-**|**69,791**|**69,713**|
|**CREDITORS**||||||
|Amounts falling due within one year|9|3,617|-|28,951|10,555|
|**NET CURRENT ASSETS**||**95,044**|**-**|**40,840**|**59,158**|
|**TOTAL ASSETS LESS CURRENT**||||||
|**LIABILITIES**||114,764|-|102,010|107,282|
|**NET ASSETS**||114,764|-|**102,010**|**107,282**|
|**FUNDS**|10 & 11|||||
|Restricted funds||||0|5,214|
|Unrestricted general funds||114,764|-|102,010|102,068|
|**TOTAL FUNDS**||114,764|-|**102,010**|**107,282**|
The financial statements were approved by the Board of Trustees on 17 December 2025 and were signed on its behalf by:
1 Peter J MacLellan Trustee
Page 6
## **Wheels 2 Work County Durham**
**Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the Charitable Incorporated Organisation (the principal address of which can be found at Page 3), 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 presentation currency of the financial statements is the Pound Sterling (£).
These financial statements have been prepared on the going concern basis. In using this basis the trustees have taken account of the reserves of the charity at 31 March 2025 and its prospects for subsequent periods.
## **Tangible Fixed Assets**
Tangible fixed assets are included at cost less depreciation and impairment.
All assets costing more than £500 are capitalised. Depreciation is calculated to write down the cost of tangible fixed assets to their estimated residual value over their expected useful lives (a full year’s charge is entered in the year of acquisition; no charge is entered in the year of disposal) as follows:
Motor Scooters and Bikes - over 3 years Plant & Equipment - over 3 years Computer Equipment - over 3 years
## **Financial Instruments**
Basic financial instruments are recognised at amortised cost.
## **Income**
Income (including grants) is recognised in the period in which the charity has entitlement to the income, the amount of income can be reliably measured and it is probable that the income will be received.
Any rental income received in advance of the rental period is deferred until that period.
## **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.
## **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.
Designated funds are unrestricted funds that have been earmarked for a particular purpose by the trustees. They do not form part of the charities free reserves.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
The notes form part of these financial statements
Page 7
## **Wheels 2 Work County Durham**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **2. INCOME FROM CHARITABLE ACTIVITIES**
|**Activity – Wheels 2 Work County**|Year Ended|Year Ended|Year Ended|Year Ended|
|---|---|---|---|---|
|**Durham**|31.03.25|31.03.25|31.03.25|31.03.24|
||Restricted|Unrestricted|Total|Total|
||£|£|£|£|
|Scheme income||61,318|61,318|46,753|
|Grant Reallocation|17,395|(17,395)|0|0|
|Grant funding|18,605|111,761|130,366|132,870|
|Total|36,000|155,684|191,684|179,623|
|The charity acknowledges and is grateful for the following||grants received during the period:|||
||**2025**|**2025**|**2024**|**2024**|
|||**Capital**||**Capital**|
||**Total**|**Funding**|**Total**|**Funding**|
|||**element**||**element**|
|Point North Community Foundation /HSF|
22,810||56,350||
|Durham County Council (DCC)|10,000||||
|DCC Sustainable Transport Fund|10,000|10,000|10,000|10,000|
|Karbon Homes|1,000||||
|Garfield Weston Foundation|||15,000|15,000|
|Livin Housing|1,000||1,000||
|Amazon|||1,000||
|Coalfields Regeneration Trust|2,000||5,000||
|The National Lottery|83,556|17,732|43,520|14,532|
|Tesco|||1,000||
|**Total Grant Funding**|**130,366**|**27,732**|**132,870**|**39,532**|
## **3. CHARITABLE ACTIVITIES COSTS**
|Governance
CIO Administration, Grant finding and Monitoring
Depreciation
(Profit)/losses on disposal
Net scheme operation costs (see note 4)
Total|Year
Ended
31.03.25
Year Ended
31.03.25
Year
Ended
31.03.25
Restricted
Unrestricted
Total
£
£
£
3,429
3,429
6,807
6,807
62,924
62,924
(53,796)
(53,796)
41,214
136,378
177,592
41,214
155,742
196,956|Year
Ended
31.03.24
Total
£
1,137
5,624
42,577
850
152,343
202,531|
|---|---|---|
Included in CIO Administration, Grant finding and Monitoring above are Independent Examination fees of £504 (2024 £504).
Page 8
## **Wheels 2 Work County Durham**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **4. BREAKDOWN OF NET SCHEME OPERATION COSTS**
|Direct Scooter & Rider Costs
Bicycle Scheme
Salaries and Staff Costs
Office Costs
Marketing
Total (included as part of Note 3)|Year Ended
31.03.25
Year Ended
31.03.25
Year Ended
31.03.25
Restricted
Unrestricted
Total
£
£
£
77,649
77,649
36,000
36,000
3,502
46,875
50,377
6,353
6,353
1,712
5,501
7,213
41,214
136,378
177,592|Year Ended
31.03.24
Total
£
58,647
38,036
46,345
4,807
4,508
152,343|
|---|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for any earlier period.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for any earlier period.
## **6. STAFF COSTS**
|Wages
Pensions
Total (included as part of Note 3)|Year
Ended
31.03.25
£
50,700
1,147
51,847|Year
Ended
31.03.24
£
47,190
1,041
48,231|
|---|---|---|
The average number of employees for the year ended 31 March 2025 was 2 (y/e 31 March 2024 was 2).
The notes form part of these financial statements
Page 9
## **Wheels 2 Work County Durham**
## **Notes to the Financial Statements**
## **for the Year Ended 31 March 2025**
## **7. TANGIBLE FIXED ASSETS**
|**NGIBLE FIXED ASSETS**||
|---|---|
|**COST**
At 1 April 2024
Additions
Disposals
At 31 March 2025
**DEPRECIATION**
At 1 April 2024
Charge for year
Eliminated on disposal
At 31 March 2025
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024|Motor Scooters
Plant & Equipment
Totals
£
£
£
125,936
125,936
80,740
80,740
94,604
94,604|
||112,072
0
112,072|
||77,812
77,812
62,924
62,924
89,834
89,834|
||50,902
0
50,902|
||61,170
-
61,170
48,124
-
48,124|
## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade Debtors
Prepayments
Total
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Grants to pay Client Loan Fees
Trade Creditors
Accrued charges
HMRC
Total|2025
£
0
22,450
24,450
2025
£
26,400
0
540
2,011
28,951|2024
£
184
26,945
27,129
2024
£
8,128
32
540
1,855
10,555|
|---|---|---|
Page 10
**Wheels 2 Work County Durham**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **10. DESIGNATED FUNDS**
There were no designated funds during the period of this report.
## **11. MOVEMENT IN FUNDS**
|**Unrestricted Funds**
Designated Funds (see note 10)
General Fund – Tangible Assets
General Fund – Current Assets
**Restricted Funds**
Restricted Fund – Current Assets
**TOTAL FUNDS**
Net Movement in funds, included in the above are as follows:
Incoming
Resources
**Unrestricted Funds**
Designated Funds (see note 10)
0
General Fund – Tangible Assets
27,732
General Fund – Current Assets
127,952
**Restricted Funds**
Restricted Fund – Current Assets
36,000
**TOTAL FUNDS**
191,684
**Comparatives**
**Unrestricted Funds**
Designated Funds (see note 10)
General Fund – Tangible Assets
General Fund – Current Assets
**Restricted Funds**
Restricted Fund – Current Assets
**TOTAL FUNDS**
Net Movement in funds, included in the above are as follows:
Incoming
Resources
**Unrestricted Funds**
Designated Funds (see note 10)
0
General Fund – Tangible Assets
39,532
General Fund – Current Assets
96,841
**Restricted Funds**
Restricted Fund – Current Assets
43,250
**TOTAL FUNDS**
179,623|**Unrestricted Funds**
Designated Funds (see note 10)
General Fund – Tangible Assets
General Fund – Current Assets
**Restricted Funds**
Restricted Fund – Current Assets
**TOTAL FUNDS**
Net Movement in funds, included in the above are as follows:
Incoming
Resources
**Unrestricted Funds**
Designated Funds (see note 10)
0
General Fund – Tangible Assets
27,732
General Fund – Current Assets
127,952
**Restricted Funds**
Restricted Fund – Current Assets
36,000
**TOTAL FUNDS**
191,684
**Comparatives**
**Unrestricted Funds**
Designated Funds (see note 10)
General Fund – Tangible Assets
General Fund – Current Assets
**Restricted Funds**
Restricted Fund – Current Assets
**TOTAL FUNDS**
Net Movement in funds, included in the above are as follows:
Incoming
Resources
**Unrestricted Funds**
Designated Funds (see note 10)
0
General Fund – Tangible Assets
39,532
General Fund – Current Assets
96,841
**Restricted Funds**
Restricted Fund – Current Assets
43,250
**TOTAL FUNDS**
179,623|At
31.03.24
£
0
48,124
53,944
5,214
107,282
Resources
Expended
0
(14,686)
(141,056)
(41,214)
(196,956)
At
31.03.23
£
20,000
53,564
56,626
130,190
Resources
Expended
(20,000)
(44,972)
(99,523)
(38,036)
(202,531)|Net
Movement
in Funds
£
0
13,046
(13,104)
(5,214)
(5,272)
Transfers
0
0
0
0
0
Net
Movement
in Funds
£
(20,000)
(5,440)
(2,682)
5,214
(22,908)
Transfers
0
0
0
0
0|At 31.03.25
£
0
61,170
40,840
0|
|---|---|---|---|---|
|||||102,010|
|||||Movement
in Funds
0
13,046
(13,104)
(5,214)
(5,272)|
|||||At 31.03.24
£
0
48,124
53,944
5,214|
|||||107,282|
|||||Movement
in Funds
(20,000)
(5,440)
(2,682)
5,214
(22,908)|
||179,623||||
Page 11