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← Cycling 4 All

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 09433690 (England and Wales) REGISTERED CHARITY NUMBER: 1161628

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

CYCLING 4 ALL

CYCLING 4 ALL

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Contents

Report of the Trustees .......................................................................................................................................... 3 Statement of Financial Activities ......................................................................................................................... 7 Balance Sheet ........................................................................................................................................................ 8 Notes to the Financial Statements ....................................................................................................................... 9 Detailed Statement of Financial Activities ........................................................................................................ 14

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CYCLING 4 ALL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

Report of the Trustees

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st 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 2015).

OBJECTIVES AND ACTIVITIES

Objective and aim

The objective and aim of the charity are as follows:

The promotion of community participation in healthy recreation by the provision of facilities for cycling

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Significant activities

Cycling 4 All (also known as Pedal Power) provides opportunities for people of all abilities to enjoy cycling and the associated health benefits. This is undertaken through the provision of specialist bikes, trikes, wheelchair cycles and tandems as well as two-wheel hybrid and mountain bikes. This service is run by trained staff and volunteers and takes place on a traffic-free and safe track in a local country park.

Overview of the Year

It was a solid year for delivering our core cycling offer as demonstrated by our bike ride metrics (1,532 client rides—an increase of 7% over 2023-24) and by the income raised from all rides . Due to inflation and rising salary costs we had to increase our charge per ride from £5 to £7 and this was accepted by our clients who were grateful we had managed to keep it so low for so long. At the same time, we maintained and strengthened essential health and safety measures needed to safeguard against the continuing risks of infection and of accidents. We invested in a new ramp in the storage area as well as new signage and markers along the cycle trail.

Fund-raising during the year was moderately successful and the results do not include a grant of £24k from Postcode Lottery secured at the very end of the year which will enable us to update our website and to integrate a booking system into it, making the client experience more user-friendly and efficient. The fund will also support officer costs for Thursdays as well a half-day of admin support.

Grant secured and brought forward from 2023-24 particularly from Postcode Lottery and the Landfill Fund enabled us to extend and enhance our service offer to our beneficiaries, including training in bike maintenance.

We held another Christmas bazaar at Eaton Hall in November which raised over £2k net of costs, and we are indebted to all who have contributed to our funding needs during the year.

We were able to keep on top of general service work but repairing and maintaining the fleet depends on the availability of replacement parts, especially for the rarer and more complex items. In particular the side-by-side bikes have suffered from excessive down-time with replacement becoming increasingly urgent to maintain an acceptable level of service. A planned replacement programme remains key and a major funding campaign to secure the necessary finance has been initiated.

Notwithstanding the challenge of the ageing fleet, we ended the year in a strong financial position, with our operational business continuing to move in the right direction, and with a capable and hardworking team of professionals and volunteers who share our passion for providing opportunities for people of all abilities to enjoy cycling and the associated health benefits.

Financial Performance

The total income raised in the year amounted to £42.9k with unrestricted of £30.4k and restricted of £12.5k. £12.4k of the unrestricted amount was generated by income from our core business of bike hire for rides. This was an

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

improvement on the £9.5k raised in 2023-24. The other major sources of income are covered under Fund-raising below.

Total expenditure amounted to £58.1k, with unrestricted of £18.4k and £39.7k of restricted.

At the end of the year our reserves stood at £45.2k—unrestricted £29.0k and restricted of £16.2k reflecting net current assets of £33.5k and fixed assets of £11.7k. Our buoyant cash position will be essential for our continued recovery towards a more sustainable future.

Achievements

Our bike ride metrics for 2024-25 and the previous two years were:

2024-25 2023-24 2022-23
Client rides 1,532 1,431 1,809
Support rides 1,449 1,620 1,591
Family rides 23 25 39
New rides 167 216 327

It was a year in which we took stock of the bikes, trikes and equipment upon which the continuing success of the organisation will depend. Ongoing investment in maintenance and in acquiring replacement and new equipment to meet our clients’ needs will remain the top priority.

New funding from grants of £12.5k included £7.6k of SPF funding, as well as £2.0k from Community Foundation, £1.9k from Millennium Stadium, and £1.0k from First Choice Housing.

A Postcode Lottery grant of £24k was awarded right at the end of the year which will be included in the 2025-26 accounts.

The principal fundraising event was the Eaton Hall Christmas Bazaar in November which raised over £4.5k gross (and £2.2k after deducting attributable costs).

The donations total of £12.6k included £525 from Sheila Meadows, £502 from St Christopher’s School children’s fundraiser, £250 from Erddig Rotary Club and £4,635 from Nigel Reader, raised through his paid singing performances at care homes and community events. We were also donated a specialist bike valued at £5,800.

We are immensely grateful to all our donors for their generous support.

Volunteers

We remain indebted to our volunteers who are crucial to the service we provide.

We were blessed with a dedicated and hardworking team of ten regular volunteers throughout the year who supported the service for a total of 1,469 hours, equating to a total value of nearly £13k. We were immensely grateful for their invaluable support.

Looking to the Future

Our ambition for next year is to build on the successes we have achieved during 2024-25. Our finances are in good shape and with the invaluable support of our team of professionals and volunteers we are determined to consolidate and extend the services we offer. Maintaining and replacing our increasingly ageing fleet of specialist bikes and equipment poses a significant challenge and will remain a top priority.

The health, safety, and wellbeing of our customers, volunteers and staff will continue to be our overriding consideration.

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CYCLING 4 ALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Any trustee is invited to nominate a potential new trustee that is personally known to and recommended by them. The nominee must be accepted by the majority of existing trustees.

The nominated person must be a permitted person as defined by the Charities Act and of relevant skill or knowledge to the benefit of the charity. Trustees are personally responsible for ensuring their skills and knowledge are maintained to a standard which encompasses changes in legislation impacting on the operational activities of the charity.

Organisational structure

The trustees who have served during the year and since the year end are set out below. Trustees are subscribers to the Memorandum and Articles of Association and the trustees are legally responsible for the overall management and control of the charity.

C4A’s Annual General Meeting was held on 10[th] July 2024, at which the board confirmed that Helen Wright and Karen Balmer should serve as trustees for a further term of three years and that Helen should continue to serve as Chair.

Induction and training of new trustees

New trustees undergo a training process to explain to them their statutory obligations under charity and company law, the Memorandum and Articles of Association, the organisational structure and decision- making process. Trustees are encouraged to attend suitable external events, where these will enhance the substance and quality of the role they perform. All trustees, both existing and newly appointed, are required to confirm that they have read and understood, the Charity Commission booklet CC3A, "The essential trustee" and CC3 "The essential trustee, what you need to know".

Newly elected trustees must understand in detail the ethos, vision and objectives of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09433690 (England and Wales)

Registered Charity number

1161628

Registered office

The Workshop Plas Power Road Tanyfron Wrexham LL11 5SZ

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

K J Balmer Charity CEO H E Wright, Chair Retired N F Reader CBE Retired S Forster Retired

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF CYCLING 4 ALL (“The Company”)

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025.

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

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 3 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

  4. 4 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.

Independent Examiner

Stewart Platt BA Honours in Finance & Accounting 4 Juniper Close Marford Wrexham LL12 8XH

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on the 13[th] August 2025 and signed on its behalf by:

K J Balmer - Trustee

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Statement of Financial Activities

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31ST MARCH 2025

31.3.25
Notes
Unrestricted
funds
£
Restricted
funds
£
Total funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
12,589
12,484
25,073
Activities for generating funds
4
4,532
-
4,232
Other trading activities
5
13,250
-
13,250
Total
30,371
12,484
42,855
EXPENDITURE ON
Raising funds
6
3,214
-
3,214
Charitable activities
Overheads
15,154
-
15,154
Project Delivery
0
39,724
39,724
Total
18,368
39,724
58,092
NET INCOME/(EXPENDITURE)
12,003
(27,240)
(15,237)
RECONCILIATION OF FUNDS
Total funds brought forward
16,978
43,458
60,436
TOTAL FUNDS CARRIED FORWARD
28,981
16,218
45,199		 31.3.24
Total
funds
£
68,466
4,368
9,865
82,699
2,030
18,405
25,780
46,215
36,484
23,952
60,436

The notes form part of these financial statements

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Balance Sheet

AT 31[ST] MARCH 2025

Balance Sheet
AT 31[ST] MARCH 2025
31.3.25 31.3.24
Notes Unrestricted
funds
£		 Restricted
funds
£		 Total funds
£		 Total
funds
£
FIXED ASSETS
Tangible assets 10 11,655 0 11,655 3,810
CURRENT ASSETS
Debtors 11 809 0 809 1567
Cash at bank 20,977 16,218 37,195 64,157
21,786 16,218 38,004 65,724
CREDITORS
Amounts falling due within one year 12 (4,460) - (4,460) (9,098)
NET CURRENT ASSETS 17,326 16,218 33,544 56,626
TOTAL ASSETS LESS CURRENT
LIABILITIES 28,981 16,218 45,199 60,436
NET ASSETS 28,981 16,218 45,199 60,436
FUNDS 13
Unrestricted funds 28,981 16,978
Restricted funds 16,218 43,458
TOTAL FUNDS 45,199 60,436

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on the 13[th] August 2025 and were signed on its behalf by:

K J Balmer - Trustee

The notes form part of these financial statements

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CYCLING 4 ALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Notes to the Financial Statements

1. STATUTORY INFORMATION

Basis of preparing the financial statements

Cycling 4 All is controlled by its governing document, a deed of trust and constitutes a limited company, limited by guarantee which is registered in England and Wales. The registered number and registered office address can be found within the Report of the Trustees.

The presentational currency of the financial statements is in Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 costs 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.

Specialised bikes - 2% IT & Office Equipment - 20% on cost Land & Buildings (inc. Alterations) - 10% on cost

Taxation

The charity is exempt from corporation 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.

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NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

3.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Postcode Community Grant
Landfill Tax
Bruce Wake Charitable Trust
Coop
First Choice Housing
Millenium Stadium
SPF
Community Foundation
4.
ACTIVITIES FOR GENERATING FUNDS
Fundraising Events
5.
TRADING ACTIVITIES
Ride Income
Bicycle Sales
6.
RAISING FUNDS
Raising donations and legacies:
Support costs
7.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.3.25
£
12,589
12,484
25,073
-
-
-
-
994
1,900
7,590
2,000
12,484
31.3.25
£
4,532
4,532
31.3.25
£
12,360
890
13,250
31.3.25
£
3,214
31.3.25
£
2,439		 31.3.24
£
5,771
62,695
68,466
23,871
35,222
1,000
2,602
-
-
-
-
62,695
31.3.24
£
4,368
4,368
31.3.24
£
9,535
330
9,865
31.3.24
£
2,030
31.3.24
£
477

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

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NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 2023-24
Unrestricted
Funds
£
Restricted
Funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,771
62,695
Activities for Generating Funds
4,368
0
Other trading activities
9,865
0
Total
20,004
62,695
EXPENDITURE ON
Raising funds
2,030
0
Charitable activities
Overheads
16,227
2,178
Project Delivery
0
25,780
Total
18,257
27,958
NET INCOME
1,747
34,737
RECONCILIATION OF FUNDS
Total funds brought forward
15,231
8,721
TOTAL FUNDS CARRIED FORWARD
16,978
43,458
10.
TANGIBLE FIXED ASSETS
Land &
Buildings
£
Alterations
& Improve-
ments
£
Specialist
bikes
£
Cost at 31st March 2024
0
0
4,455
Additions
3,180
1,104
6,000
Disposals
0
0
0
At 31stMarch 2025
3,180
1,104
10,455
Depreciation at 31st March 2024
0
0
645
Charge for the Year
318
110
0
Impairment Review
0
0
2,011
At 31stMarch 2025
318
110
2,656
NET BOOK VALUE
Net Book Value at 31stMarch 2025
2,862
994
7,799
Net Book Value at 31stMarch 2024
0
0
3,810		 Total Funds
£
68,466
4,368
9,865
82,699
2,030
18,405
25,780
46,215
36,484
23,952
60,436
Total
£
4,455
10,284
0
14,739
645
428
2,011
3,084
11,655
3,810

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FOR THE YEAR ENDED 31ST MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS

11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals and deferred income		 31.3.25
£
747
62
809
31.3.25
£
4,460
-
4,460		 31.3.24
£
1,505
62
1,567
31.3.24
£
7,943
1,155
9,098

13. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
Restricted Funds
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
Restricted Funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
Restricted Funds
TOTAL FUNDS
Unrestricted funds		 At 1.4.24
£
16,978
43,458
60,436
s follows:
Incoming
resources
£
30,371
12,484
42,855
At 1.4.23
£
15,231
8,721
23,952
Incoming
resources
£
20,004		 Net
movement
in funds
£
12,003
(27,240)
(15,237)
Resources
expended
£
18,368
39,724
58,092
Net
movement
in funds
£
1,747
34,737
36,484
Resources
expended
£
18,257		 At 31.3.25
£
28,981
16,218
45,199
Movement
in funds
£
12,003
(27,240)
(15,237)
At 31.3.24
£
16,978
43,458
60,436
Movement
in funds
£
1,747

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Restricted funds
62,695
TOTAL FUNDS
82,699
14.
CAPITAL COMMITMENTS
Contracted but not provided for in the financial statements		 27,958
46,215
31.3.25
£
-
-		 34,737
36,484
31.3.24
£
-
-

15. RELATED PARTY DISCLOSURES

During the year Cycling 4 All paid staff salary costs and running costs amounting to £19,140 (2024: £23,155) to Groundwork North Wales for two members of staff seconded to the delivery of the cycling service and grant funded activity.

A director of Cycling for All is also the CEO of Groundwork North Wales.

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2025

Detailed Statement of Financial Activities

31.3.25 31.3.24
Unrestricted
funds
£		 Restricted
funds
£		 Total funds
£		 Total funds
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations 12,589 - 12,589 5,771
Grants - 12,484 12,484 62,695
12,589 12,484 25,073 68,466
Other Trading Activities
Ride Income 12,360 - 12,360 9,535
Bicycle Sales 890 - 890 330
Activities for Generating Funds
Fundraising Events & Activities 4,532 - 4,532 4,368
Sponsorship 0 - 0 0
30,371 12,484 42,855 82,699
Total incoming resources
31.3.25 31.3.24
Unrestricted
funds
£		 Restricted
funds
£		 Total funds
£		 Total funds
£
EXPENDITURE
Support costs
Management
Insurance 527 - 527 461
Telephone 314 - 314 416
Volunteer & Beneficiaries - 2,684 2,684 2,070
Subcontractors - 2,800 2,800 5,671
Transport and travel 857 - 857 282
Accommodation and running costs 3,719
Fundraising events 3,214 - 3,214 2,168
Materials, equip and maintenance 3,273 15,281 18,554 7,796
Salaries 7,744 18,959 26,703 23,155
Depreciation 2,439 - 2,439 477
Total resources expended 18,368 39,724 58,092 46,215
Net income 12,003 (27,240) (15,237) 36,484

This page does not form part of the statutory financial statements

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