**REGISTERED CHARITY NUMBER: 1169286**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 January 2021**
## **for**
## **Leicester Wheels For All**
**Leicester Wheels For All**
## **Contents of the Financial Statements for the Year Ended 31 January 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|12|
**Leicester Wheels For All**
## **Report of the Trustees for the Year Ended 31 January 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 January 2021. 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**
Leicester Wheels For All (LWFA) will, in everything it does, enable our participants to have safe access to many types of cycles and cycling thereby promoting greater inclusion and increased well-being to the people of Leicester, Leicestershire and Rutland.
## **Significant activities**
LWFA achieves its aims by delivering supervised cycling sessions at a number of leisure centres and similar venues.
## **Public benefit**
The Trustees have due regard for the guidance published by the Charity Commission on public benefit and consider that all activities undertaken are in accordance with that guidance.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This was a very difficult year with disruption due to coronavirus (COVID-19). There was a long period of inactivity between March and August and again in November.
Events were restarted as soon as permitted but take-up was initially relatively low. In spite of this, a considerable number of successful cycling sessions have taken place.
## **FINANCIAL REVIEW**
## **Financial position**
The financial statements give an adequate review of the financial activities for the year and of the financial position at the end of the year.
## **Reserves policy**
The Trustees do not consider that the charity needs to retain significant reserves. The level of reserves is regularly monitored in order to ensure that the charity can complete any activities to which it is already committed.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is a Charitable Incorporated Organisation (CIO) and was registered on 20 September 2016.
The charity is controlled by its constitution as registered with the Charity Commission.
## **Induction and training of new trustees**
The Trustees do not consider that there is currently a need to recruit additional trustees.
Page 1
**Leicester Wheels For All**
## **Report of the Trustees for the Year Ended 31 January 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1169286
## **Principal address**
8 Lyn Close Leicester Leicestershire LE3 9QX
## **Trustees**
P J Simmonds - Chair J R B Wells-Cole - Treasurer L M Goddard - Secretary
## **Independent Examiner**
torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website.
Approved by order of the board of trustees on 23 July 2021 and signed on its behalf by:
J R B Wells-Cole - Trustee
Page 2
**Independent Examiner's Report to the Trustees of Leicester Wheels For All**
## **Independent examiner's report to the trustees of Leicester Wheels For All**
I report to the charity trustees on my examination of the accounts of Leicester Wheels For All (the Trust) for the year ended 31 January 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 Trust as required by section 130 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.
Mark Andrew Torr torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
23 July 2021
Page 3
**Leicester Wheels For All**
## **Statement of Financial Activities for the Year Ended 31 January 2021**
|Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
1,439
13,879
**Charitable activities**
Cycling events
165
-
Other trading activities
3
-
-
**Total**
1,604
13,879
**EXPENDITURE ON**
**Charitable activities**
4
Cycling events
4,875
6,530
**NET INCOME/(EXPENDITURE)**
(3,271)
7,349
**Transfers between funds**
13
999
(999)
**Net movement in funds**
(2,272)
6,350
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
36,324
6,450
**TOTAL FUNDS CARRIED FORWARD**
34,052
12,800|31.1.21
31.1.20
Total
Total
funds
funds
£
£
15,318
37,605
165
10,382
-
100
15,483
48,087
11,405
23,913
4,078
24,174
-
-
4,078
24,174
42,774
18,600
46,852
42,774|31.1.21
31.1.20
Total
Total
funds
funds
£
£
15,318
37,605
165
10,382
-
100
15,483
48,087
11,405
23,913
4,078
24,174
-
-
4,078
24,174
42,774
18,600
46,852
42,774|
|---|---|---|
|||48,087
23,913|
|||24,174
-|
|||24,174
18,600|
|||42,774|
The notes form part of these financial statements
Page 4
## **Leicester Wheels For All**
## **Balance Sheet**
## **31 January 2021**
|Unrestricted
Restricted
fund
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
10
21,675
-
**CURRENT ASSETS**
Debtors
11
-
-
Cash at bank and in hand
13,038
12,800
13,038
12,800
**CREDITORS**
Amounts falling due within one year
12
(661)
-
**NET CURRENT ASSETS**
12,377
12,800
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
34,052
12,800
**NET ASSETS**
34,052
12,800
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|31.1.21
Total
funds
£
21,675
-
25,838
25,838
(661)
25,177
46,852
46,852
34,052
12,800
46,852|31.1.20
Total
funds
£
25,355
667
17,382
18,049
(630)
17,419
42,774
42,774
36,324
6,450
42,774|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 23 July 2021 and were signed on its behalf by:
J R B Wells-Cole - Trustee
The notes form part of these financial statements
Page 5
**Leicester Wheels For All**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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.
## **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.
Donations in kind are included as income where the trustees consider that a realistic estimate of market value can be quantified with reasonable accuracy.
## **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.
Donations in kind are included as expenditure at the value recognised as income.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Cycle fleet - 10% on cost Motor vehicle - 25% on reducing balance
## **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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
**Leicester Wheels For All**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
|**2.**
**DONATIONS AND LEGACIES**
31.1.21
£
Donations
1,439
Grants
13,879
15,318
Grants received, included in the above, are as follows:
31.1.21
£
The Henry Smith Charity
10,000
Market Harborough and the Bowdens Charity
2,880
Leicestershire County Council
999
National Lottery Community Fund
-
Western Park Beer Festival
-
Leicestershire and Rutland Community Foundation
-
Barrett Homes
-
The Co-Operative Society
-
13,879
**3.**
**OTHER TRADING ACTIVITIES**
31.1.21
£
Miscellaneous income
-
**4.**
**CHARITABLE ACTIVITIES COSTS**
Support
Direct
costs (see
Costs
note 5)
£
£
Cycling events
3,725
7,680
**5.**
**SUPPORT COSTS**
Management
Governance
£
£
Cycling events
7,020
660
**6.**
**INDEPENDENT EXAMINER'S REMUNERATION**
31.1.21
£
Independent Examiner's Fees - External scrutiny and report
132
Independent Examiner's Fees - Accountancy and taxation services
528
660|**2.**
**DONATIONS AND LEGACIES**
31.1.21
£
Donations
1,439
Grants
13,879
15,318
Grants received, included in the above, are as follows:
31.1.21
£
The Henry Smith Charity
10,000
Market Harborough and the Bowdens Charity
2,880
Leicestershire County Council
999
National Lottery Community Fund
-
Western Park Beer Festival
-
Leicestershire and Rutland Community Foundation
-
Barrett Homes
-
The Co-Operative Society
-
13,879
**3.**
**OTHER TRADING ACTIVITIES**
31.1.21
£
Miscellaneous income
-
**4.**
**CHARITABLE ACTIVITIES COSTS**
Support
Direct
costs (see
Costs
note 5)
£
£
Cycling events
3,725
7,680
**5.**
**SUPPORT COSTS**
Management
Governance
£
£
Cycling events
7,020
660
**6.**
**INDEPENDENT EXAMINER'S REMUNERATION**
31.1.21
£
Independent Examiner's Fees - External scrutiny and report
132
Independent Examiner's Fees - Accountancy and taxation services
528
660|**2.**
**DONATIONS AND LEGACIES**
31.1.21
£
Donations
1,439
Grants
13,879
15,318
Grants received, included in the above, are as follows:
31.1.21
£
The Henry Smith Charity
10,000
Market Harborough and the Bowdens Charity
2,880
Leicestershire County Council
999
National Lottery Community Fund
-
Western Park Beer Festival
-
Leicestershire and Rutland Community Foundation
-
Barrett Homes
-
The Co-Operative Society
-
13,879
**3.**
**OTHER TRADING ACTIVITIES**
31.1.21
£
Miscellaneous income
-
**4.**
**CHARITABLE ACTIVITIES COSTS**
Support
Direct
costs (see
Costs
note 5)
£
£
Cycling events
3,725
7,680
**5.**
**SUPPORT COSTS**
Management
Governance
£
£
Cycling events
7,020
660
**6.**
**INDEPENDENT EXAMINER'S REMUNERATION**
31.1.21
£
Independent Examiner's Fees - External scrutiny and report
132
Independent Examiner's Fees - Accountancy and taxation services
528
660|31.1.20
£
2,708
34,897
37,605
31.1.20
£
-
-
13,500
9,690
4,800
2,880
2,500
1,527
34,897
31.1.20
£
100
Totals
£
11,405
Totals
£
7,680|
|---|---|---|---|
|||31.1.21|31.1.20|
|||£|£|
|||132|120|
|||528|510|
|||||
|||660|630|
|||||
Page 7
continued...
**Leicester Wheels For All**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There was no trustees' remuneration for the year ended 31 January 2021 nor for the year ended 31 January 2020.
No (2020: One) trustee received payment (2020: £698) for services as a session leader for cycling events organised by the charity. These payments were made in accordance with the charity's constitution.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020.
## **8. STAFF COSTS**
There were no staff costs for the year ended 31 January 2021, nor for the year ended 31 January 2020, and therefore no employees received emoluments in excess of £60,000.
## **9.**
## **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4,705
32,900
**Charitable activities**
Cycling events
10,382
-
Other trading activities
100
-
**Total**
15,187
32,900
**EXPENDITURE ON**
**Charitable activities**
Cycling events
14,263
9,650
**NET INCOME**
924
23,250
**Transfers between funds**
16,800
(16,800)
**Net movement in funds**
17,724
6,450
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
18,600
-
**TOTAL FUNDS CARRIED FORWARD**
36,324
6,450|Total
funds
£
37,605
10,382
100|
|---|---|
||48,087
23,913|
||24,174
-|
||24,174
18,600|
||42,774|
Page 8
continued...
**Leicester Wheels For All**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
|**10.**
**TANGIBLE FIXED ASSETS**
Cycle
Motor
fleet
vehicle
£
£
**COST**
At 1 February 2020
19,358
11,988
Additions
1,052
8,400
Disposals
-
(11,988)
At 31 January 2021
20,410
8,400
**DEPRECIATION**
At 1 February 2020
2,994
2,997
Charge for year
2,041
2,100
Eliminated on disposal
-
(2,997)
At 31 January 2021
5,035
2,100
**NET BOOK VALUE**
At 31 January 2021
15,375
6,300
At 31 January 2020
16,364
8,991
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.1.21
£
Event charges
-
Other debtors
-
-
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.1.21
£
Accrued expenses
661
**13.**
**MOVEMENT IN FUNDS**
Net
Transfers
movement
between
At 1.2.20
in funds
funds
£
£
£
**Unrestricted funds**
General fund
36,324
(3,271)
999
**Restricted funds**
Equipment
-
999
(999)
Operations
6,450
6,350
-
6,450
7,349
(999)
**TOTAL FUNDS**
42,774
4,078
-|Totals
£
31,346
9,452
(11,988)
28,810
5,991
4,141
(2,997)
7,135
21,675
25,355
31.1.20
£
90
577
667
31.1.20
£
630
At
31.1.21
£
34,052
-
12,800
12,800
46,852|
|---|---|
Page 9
continued...
**Leicester Wheels For All**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
## **13. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|1,604|(4,875)|(3,271)|
|**Restricted funds**||||
|Equipment|999|-|999|
|Operations|12,880|(6,530)|6,350|
||13,879|(6,530)|7,349|
|**TOTAL FUNDS**|15,483|(11,405)|4,078|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Equipment
Operations
**TOTAL FUNDS**|Net
Transfers
movement
between
At 1.2.19
in funds
funds
£
£
£
18,600
924
16,800
-
16,800
(16,800)
-
6,450
-
-
23,250
(16,800)
18,600
24,174
-|At
31.1.20
£
36,324
-
6,450|
|---|---|---|
|||6,450|
|||42,774|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|15,187|(14,263)|924|
|**Restricted funds**||||
|Donated services|2,030|(2,030)|-|
|Equipment|16,800|-|16,800|
|Operations|14,070|(7,620)|6,450|
||32,900|(9,650)|23,250|
|**TOTAL FUNDS**|48,087|(23,913)|24,174|
Page 10
continued...
**Leicester Wheels For All**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Equipment
Operations
**TOTAL FUNDS**|Net
Transfers
movement
between
At 1.2.19
in funds
funds
£
£
£
18,600
(2,347)
17,799
-
17,799
(17,799)
-
12,800
-
-
30,599
(17,799)
18,600
28,252
-|At
31.1.21
£
34,052
-
12,800|
|---|---|---|
|||12,800|
|||46,852|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|16,791|(19,138)|(2,347)|
|**Restricted funds**||||
|Donated services|2,030|(2,030)|-|
|Equipment|17,799|-|17,799|
|Operations|26,950|(14,150)|12,800|
||46,779|(16,180)|30,599|
|**TOTAL FUNDS**|63,570|(35,318)|28,252|
The nature of each of the restricted funds is set out below:
## **Donated services**
Where donations in kind are received by the charity , and the income and expenditure are recognised in accordance with the stated accounting policies, then the income and related expense are treated as restricted.
## **Equipment**
The charity has received a number of grants to enable the purchase of equipment.
## **Operations**
Grants have been received towards specific events organised by the charity.
## **Transfers between funds**
Where the charity has received grants for the purchase of items of equipment, the trustees consider that the purchase of the equipment completes the obligations under the initial grants and therefore the funds can be transferred to the general fund.
Page 11
continued...
**Leicester Wheels For All**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
## **14. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 January 2021.
Page 12