## **Trustees’ Annual Report for the period 1[st] April 2022 to 31[st] March 2023** ## **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 cost-effective 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** ||2022-2023|_2021-2022_| |---|---|---| |Bikes refurbished|496|_463_| |Bikes serviced|517|_227_| |Organised rides|15|_11_| |Volunteer hours|7341|_3860_| |Dr Bike days|4|_10_| |Maintenance classes|13|_1_| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Maidenhead Cycle Hub seeks to hold three
months worth of salaries and premises
costs to cover for unexpected decline in
income| |Amount of reserves held|Para 1.22|£15,583| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|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 for core costs and 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** |Charity name|Maidenhead Cycle Hub| |---|---| |Other name the charityuses|MCH| |Registered charitynumber|1164172| |Charity’s principal address|Ground Floor, Unit 3, 48 Bell St, Maidenhead SL6 1BR| ## **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|| |2|David Dyer|Treasurer|| |3|Mark Hansford||| |4|Sarah London||| ||Chris Hopper||Stood down May2022| |5|Allan McGregor||From January2023| |6|Paul Cook||From January2023| ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** |**Signature(s)**|| |---|---| |**Full name(s)**|Karen Barrass| |**Position (eg Secretary, Chair,**|Chair| |**etc)**|| |**Date**|29/1/2024| **Charity Name No (if any) Maidenhead Cycle Hub 1164172 Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accounts** **Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accounts CC16a For the period** Period start date Period end date **To from** 31-Mar-22 31-Mar-23 ## **Section A Receipts and payments** |**Section A Receipts and payments**||||| |---|---|---|---|---| |**A1 Receipts**
Donations
**300**
Sales Income
**70,895**
Premises workshop
**12,000**
Premises shop
**24,000**
Grants
**30,779**
**-**
**-**
**-**
**137,974**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 137,974**
**A3 Payments**
Direct Costs of Sales
**20,381**
Accounts and Legal
Advertising
Employee Costs
**63,516**
Travel
General Office
**1,670**
Premises
**43,370**
Other
Subcontractor
**_Sub total_ 128,937**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 128,937**
**_Net of receipts/(payments)_ 9,037**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**6,547**
**_Cash funds this year end_ 15,583**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**|**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**300**
**70,895**
**12,000**
**24,000**
**30,779**
**-**
**-**
**-**
**137,974**
**-**
**-**
**-**
**137,974**
**20,381**
**-**
**-**
**63,516**
**-**
**1,670**
**43,370**
**-**
**-**
**128,937**
**-**
**-**
**-**
**128,937**
**9,037**
**-**
**6,547**
**15,583**|**Last year**
**to the nearest £**| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**300**|**3,098**| ||||**70,895**|**56,125**| ||||**12,000**|**18,000**| ||||**24,000**|**24,000**| ||||**30,779**|**495**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**137,974**|**101,718**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|**-**| ||||**-**|**-**| |||||| |||**-**|**137,974**|**101,718**| |||||| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**20,381**|**13,622**| ||||**-**|**-**| ||||**-**|**-**| ||||**63,516**|**43,995**| ||||**-**|**-**| ||||**1,670**|**726**| ||||**43,370**|**45,486**| ||||**-**|**-**| ||||**-**|**268**| ||||**128,937**|**104,097**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|| ||||**-**|**-**| |||||| |||**-**|**128,937**|**104,097**| |||||| ||**-**|**-**
**-**
**-**
**-**|**9,037**|**- 2,379**| ||**-**||**-**|**-**| ||**-**||**6,547**|**8,926**| ||**-**||**15,583**|**6,547**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
Bank Balance
**Details**
**Details**
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**15,583**
**-**
**-**
**-**
**-**
**-**
**15,583**
**-**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
Karen Barrass
David Dyer
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Karen Barrass|| |||David Dyer|| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Maidenhead Cyde Hub On accounts for the year ended 31" March. 2023 Charlty no lif any) 1164172 Set out on pages I rep)rl to Ihe trustees on ffly examination ol the accounts of the above charty Ilhe Trust.) for the year ended 3110312023. Responsibilltles and As the chacily trustees of the Trust. you are responsble for Ihe preparatlon basis of report of the accounts in a¢cordance with the requiremwlts of the Charhles Act 2011 Ilhe Acri. I report in respecl of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have follow￿d the applicable ￿'reCtIOnS given by the Chaiity Commission under section 14515llbl of the Act. I have ccrfnrleled my examination. I confirm that no matenal matters have rAmè to my atten1￿n (other than that disclosed below'l in connectlon wllh the examination which gfves ffle cause to believe that In. any matorlal respect.. accounling records were not kept in accordance with section 130 of Ihe Acl or Ihe accounts do not ac£ofd wth the accounting fecords Independent examlner's statement I have no concerns and have come across no Other matters in connection with the examination lo which attenlK)n should be drawn In order to enable a proper underslariding of the accounts lo be reached. delete the words in the brackets rf they not apply. Signed.. Date= Name: L . CHIP￿6 Relevant professional quallflcatlonlsl or body lil any}= Icf Address: IER O¢tober 2018 Section B Di5c105LITe Only complete rf the exarriinei lleed5 lo highlighl matters ol COn￿rn (see CC32. Independent examinab.on of charity accounts." directions and guidance for examiners). Give hère brief details ol any items that the examiner wishes to dlsclose. IER October 2018