2022-03-31-accounts - Maidenhead Cycle Hub

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period 1[st] April 2021 to 31[st] March 2022

Charity name: Maidenhead Cycle Hub

Charity registration number: 1164172

Objectives and Activities

Our objectives:

Promoting safe and affordable cycling within our borough
Reuse and recycle bikes to protect our environment
Encourage cycling for better physical, mental and environmental health

Key activities undertaken to support these objectives:

●Refurbishing donated bikes, which are offered to local residents at costeffective prices to lower the cost of owning a bike
●Providing bicycle servicing to local residents so they are safer to ride
●Providing a shop in Maidenhead town centre for the sale of bikes and accessories and provision of information about local cycling.
●Organising and promoting organised rides for local residents to encourage them to cycle more and increase knowledge of local routes
●Attending local events to promote cycling and offer corporate Dr Bike maintenance checks
●All our bikes are donated by local residents or received as abandoned bikes from the police or rail stations. This reduces the number of unused bikes and minimises the number of bikes sent to landfill.

We recognise the contribution made by volunteers in leading organised rides, staffing our shop and assisting in the workshop and on our Dr Bike courses.

We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

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2021-2022 2020-2021
Bikes refurbished 463 278
Bikes serviced 227 336
Organised rides 11 6
Volunteer hours 3860 2650
Dr Bike days 10 6
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Maintenance classes

Financial Review

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Review of the charity’s Para 1.21
financial position at the
end of the period
Statement explaining Para 1.22 Maidenhead Cycle Hub seeks to hold
the policy for holding three months worth of salaries and
reserves stating why premises costs to cover for
they are held unexpected decline in income
Amount of reserves held Para 1.22 £6,546
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund Para 1.24 N/A
materially in deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a
going concern
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Additional information (optional)

You may choose to include further statements where relevant about:

	The charity’s principal sources of funds (including any fundraising)	Para 1.47	Sales of refurbished bikes Income from servicing Trading income from corporate partners Philanthropic support to enable organisation of Dr Bike sessions

Structure, Governance and Management

Maidenhead Cycle Hub is a Charitable Incorporated Organisation. The governing document is a Memorandum and Articles of Association incorporated 29th October 2015.

The governing body of the charity is the Board of Trustees, members of whom are set out below. The appointment of a new trustee takes place after due

consideration from both parties, to ensure a good strategic fit, and typically after the prospective trustee has supported MCH as a volunteer. New trustees are briefed on their legal obligations under charity law, the content of the Memorandum and Articles of Association and recent financial performance of the charity.

Reference and Administrative details

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Charity name Maidenhead Cycle Hub
Other name the charity MCH
uses
Registered charity 1164172
number
Charity’s principal Ground Floor, Unit 3, 48 Bell St, Maidenhead SL6
address 1BR
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Names of the charity trustees who manage the charity
Trustee name Office (if any) Dates acted if not for whole year
1 Karen Barrass Chair Became Chair August 2021
2 David Dyer Treasurer
3 Mark Hansford
4 Sarah London
5 Chris Hopper
Luke McCarthy Stood down as Chair August
6
2021
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Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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Signature(s)
Full name(s) Karen Barrass
Position (eg Secretary, Chair
Chair, etc)
Date
25/1/2023
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Maidethdd CYCLEHUB

Charity Name N Maidenhead Cycle Hub 1

Receipts and payments acco

Period start date

For the period from

Mar 31, 21

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

to the nearest £

to the nearest £

A1 Receipts

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Donations 3,098 - -
Sales Income 56,125 - -
Premises workshop 18,000 - -
Premises shop 24,000 - -
Grants 495 - -
- - -
- - -
- - -
101,718 - -
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - -
- - -
Sub total - - -
Total receipts 101,718 - -
A3 Payments
Direct Costs of Sales 13,622 - -
Accounts and Legal - - -
Advertising - - -
Employee Costs 39,503 - -
Travel - - -
General Office 770 - -
Premises 45,486 - -
Other - - -
Subcontractor 4,717 - -
Sub total 104,098 - -
A4 Asset and investment
purchases, (see table)
- - -
- - -
Sub total - - -
Total payments 104,098 - -
Net of receipts/(payments) - 2,380 - -
A5 Transfers between funds - - -
A6 Cash funds last year end 8,926 - -
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Cash funds this year end 6,546 - -

Section B Statement of assets and liabilities at the end of

			Unrestricted
Categories	Details		funds
B1 Cash funds	Bank Balance	*Total cash funds*	to nearest £ 6,546 - - 6,546
	(agree balances	with receipts and payments account(s))	OK
			Unrestricted
			funds
B2 Other monetary assets	Details		to nearest £ - - - - - -
			Fund to which
B3 Investment assets	Details		asset belongs Fund to which
B4 Assets retained for the	Details		asset belongs
charity’s own use			Fund to which
B5 Liabilities	Details		liability relates

Signed by one or two trustees on behalf of all the trustees Signature Print N

o (if any) 164172

ounts

CC16a

Period end date Mar 31, 22

Total funds

Last year

to the nearest £

to the nearest £

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3,098 6,813
56,125 35,963
18,000 15,000
24,000 18,000
495 6,798
- -
- -
- -
101,718 82,574
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-
- -
- -
101,718 82,574
13,622 5,459
- -
- -
39,503 24,532
- -
770 1,012
45,486 37,405
- -
4,717 7,010
104,098 75,418
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-
-
- -
104,098 75,418
- 2,380 7,156
- -
8,926 1,770
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6.546 8,926

the period

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Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
OK OK
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Amount due When due
(optional) (optional)
-
-
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-
-
-
Date of
Name
approval
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