Bike to the Future Annual Report. April 2025
The previous 12 months to year ending Dec 2024 have seen Bike to the Future continuing with its workshop base at Pen Dinas. It has continued to provide commercial bicycle repair to Newtown and surrounding area, and this has allowed it to continue to deliver and expand two projects: The Bike Library whereby people can exchange their old bicycles for newer models for which we request a small donation, and Tinker and Talk where the workshop is eMectively a safe space for participants to address personal issues whilst learning transferrable work based skills. The two projects work well together as bicycles for the Bike Library are mostly prepared by participants in Tinker and Talk.
We are indebted to members of the community who donate their old bicycles to Bike to the Future as this provides a feed stock to both the Bike Library and to our stock of second hand bicycles available for resale, or free onwards donation.
We have been fortunate in being successful in grant funding through PAVO which has enabled us to buy an electric van. This is obviously good advertising for the project, and it is enabling us to collect cycle donations. The intention is that with the van we can collect and deliver ebikes through an ebike loan project which we hope to roll out summer 2025.
We continue to work with the Job Centre and students from a residential school, and we oMer “customers” of the workshop the opportunity to repair their own bikes under instruction.
Bike to the Future saw very little revenue funding this year, with its operation largely supported either through income generated through the workshop and drawing on reserves.
Tom Chandler, manager 14[th] April 2025
## **Bike To The Future**
## **Registered Charity No. 1169885**
## **Receipts and Payments Account for the year ending 31 December 2024**
|**Receipts**
Grants
-
Donations
-
Contracting
80
Sales
22,506
**_Total receipts_ 22,586**
**Payments**
Workshop Consumables
7,414
Trade Purchases
3,372
Printing and Stationery
82
Insurance
1,264
Website
-
Promotion
228
Accountancy
166
Bank Charges
60
Telephone and Internet
178
Session Staff
-
Project Manager
17,311
Employers NI
4,597
Pensions Costs
-
Subscriptions
-
Rent
1,693
General Expenses
35
**_Sub total_ 36,400**
**Asset and investment purchases**
Tools, Equipment and Fittings
-
VW Van
-
Demonstrator E-bikes
-
**_Sub total_ -**
**_Total payments_ 36,400**
**Net of receipts/(payments)**
(13,813)
**Transfers between funds**
_-_
**Cash funds last year end**
46,874
**Cash funds this year end**
**33,061**
**Unrestricted**
**funds**|45,653
-
-
-
**45,653**
775
500
-
200
385
200
-
-
-
-
-
-
-
-
-
-
**2,060**
-
39,167
4,426
**43,593**
**45,653**
_-_
_-_
-
**-**
**Restricted**
**funds**|45,653
-
80
22,506
**68,239**
8,189
3,872
82
1,464
385
428
166
60
178
-
17,311
4,597
-
-
1,693
35
**38,460**
-
39,167
4,426
**43,593**
**82,053**
(13,813)
-
46,874
**33,061**
**Total**
**funds**|_2023_
_14,277_
_26_
_2,900_
_26,814_|
|---|---|---|---|
||||_44,017_|
||||_9,580_
_8,045_
_27_
_480_
_-_
_545_
_291_
_56_
_193_
_-_
_19,792_
_4,670_
_878_
_72_
_1,693_
_1,118_|
||||_47,441_|
||||_226_
_-_
_-_|
||||_226_|
|||||
||||_47,667_|
||||(3,651)
_-_
_50,525_|
||||_46,874_|
|**Statement of Assets and Liabilities at 31 December 2024**|**Statement of Assets and Liabilities at 31 December 2024**|**Statement of Assets and Liabilities at 31 December 2024**|**Statement of Assets and Liabilities at 31 December 2024**|**Statement of Assets and Liabilities at 31 December 2024**||
|---|---|---|---|---|---|
||**Unrestricted**
**funds**|**Restricted**
**funds**||**Total**
**funds**|_2023_|
|**Cash funds**|33,061|-||33,061
|_50,525_|
|**Trustees' estimate of the value of stock in trade at 31 December 2024**
|||||**5,500**|
|**MOVEMENT IN FUNDS**||||||
|||**Net**||||
|||**Movement**||||
||**At 1.1.2024**|**in funds**|**At**|**31.12.2024**||
|**Unrestricted funds**||||||
|General Fund|46,873|(13,813)||33,060||
|**Restricted Funds**|-|-||-||
|**TOTAL FUNDS**|46,873|(13,813)||33,060||
|Net movement in funds included in|the above are as follows:|||||
||**Incoming**|**Resources**|**Movement**|||
||**Resources**|**Expended**|**in funds**|||
|**Unrestricted funds**||||||
|General Fund|22,586|(36,400)||(13,813)||
||22,586|(36,400)||(13,813)||
|**Restricted Funds**||||||
|PAVO|43,828|(43,828)||-||
|TESCO Bags of Help|1,125|(1,125)||-||
|Newtown Town Council|700|(700)||-||
|**TOTAL FUNDS**|68,239|(82,053)||(13,813)||
|**Signed on behalf of the Charity**||||||
|SIGN|||14/04/2025|||
|…………...………|……………………||_………………._|||
|**Trustee**|**Trustee**||**Date**|||
## **Independent examiner’s report to the trustees of Bike to the Future**
I report to the trustees on my examination of the accounts of the Bike to the Future for the year ended 31[st] December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the charity 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 Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the 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.
Signed:
Name: Angela Owen Relevant professional: ACCA Address: PAVO Plas Dolerw, Newtown, Powys, SY16 2EH Date: 19 August 2025