## **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
0
1
## **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**
**To**
Mar 31, 21
## **Section A Receipts and payments**
**Unrestricted Restricted Endowment funds funds funds**
**to the nearest £**
**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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