## Bike to the Future Chairmans report 2025 2025 has been quieter for BttF in terms of sales, but we now have a small team of committed volunteers who are keen to ensure the continuation of service after Tom's retirement. The year began by acquiring a set of e-bikes from Open Newtown. These were originally part of the very popular Sustrans e-move project which operated in a few Welsh towns- the scheme was extended to Newtown, but the bikes had been languishing at Hafan yr Afon for some time, so we approached them and agreed a deal whereby we would take ownership with the intention of renting them out for a few months at a time. The outcome has been mixed: one was stolen, and one has not been returned! However it provides jobseekers / newly employed people with a low cost way of commenting and we collaborate with the job centre to this end. Joe, Alex and Roy have become regular volunteers at the workshop, with an interest in its success. Discussions around Tom’s retirement and what happens to BttF have become more intense, with Tom looking at retirement at the end of 2026 and volunteers taking over its delivery. Some issues need resolving, particularly around asset ownership, the organisational model and how this transfer may take place. Recently our income has been much lower - around half the Covid era boom. This reflects fewer and lower grant applications and less retail activity. Costs are about the same. Tom has made a point of using reserves with a view to BttF winding up, however the interest by volunteers in taking it on has affected this plan and we now have to decide on what route can be used to make this happen. Financially we are not sustainable as costs exceed income, however there seems to be a desire to at least maintain the workshop for the future. Low sales are being addressed by creating a marketing strategy. Stan from Shrewsbury college will hopefully be helping with this over the next few months. In August we had a burglary and four bikes were stolen, there has been no satisfactory outcome however we were able to claim insurance for our loss and damage. Recently we have been operating with too few Trustees, hence the first item is appointing a new Trustee which will ensure the continuation of BttF for the future. Bl*• To Th• F￿￿T0 R•¢•lpts and Paym•nts Account fortho year endlng 31 Oecember2025 Total funds funds 2024 RO￿[ptI Grants t>onations Contrathng InsuTan¢e ￿*1M Sal85 14,885 14,665 150 45,653 150 5.487 18.098 5,487 18,098 22,506 rotsl T￿el￿ts 23.735 14,885 38JOO 68.239 Poymotr Wtykshop ¢on8unKgbl&¥ Trade Purcha¥es Printing and Stationery Van Iicence In$uran¢o 4.001 4.777 2.690 6.691 4.777 8,189 8.299 02 345 1.568 370 345 1.568 370 1.464 385 Website Prornolion 428 166 60 A¢¢ountsn¢y Bank Charg85 Telephone and Inlemel Projgcl M3n?ggr Employer¥ Nl Rent Repair6 and maintenance General Ewnses 873 35 216 873 35 216 18.086 8.161 1.693 569 18.086 17.311 4,597 1,693 1.693 569 35 A•s•t and Inv4*kn•nt Pu￿h&S*S Computfyr $¢ft¥¥s Office Equip￿￿￿1 and fittings VW Van 1,738 168 1.736 168 39,167 Stsb ttsi*l Tolalpaymonts Not of tOtélptsiiptymèrbt$l TwanFferF b•t¥bw•n funds Cash fund% last y￿r end Cash fund% thls yearend 114,%01 10,011 14,8891 {13,8131 Statement otA•s•ts and Llabllltle$ at 31 December 2025 Unr•strfct4d R•sbictsd Totsi funds lund funds 10,071 28,172 2024 Cash fund 33.061 TYuBt••*' égtlmaté of th• val￿ of 8tts¢k In tr&d4 at 31 D•C•m￿r 2025 2.500 MoveMENT IN FLINDS Mmmont In fund# At 1.1.202S At 31.12.2025 Unrestrf¢t•d fund General Fund 33.061 114,960} R•strlcted Fund TOTAL FUNDS 33061 N¢lhiov¢NWtiAfun¢$w￿￿￿inV*#bQ¥ty gr¢ o9foi In¢¢whlng R•8our R*#oure44 Mov*n*ttt Exynthd In funds Unrnstrf¢t•d fund Generdl Fun 23.735 13B,6951 114.9601 23,735 138.6951 114.9601 R•strfctsd Funds TESCO Bag5 of ￿1p TESCO Bags of Help LottFry Srno11 Grnnt$ TOTAL FLINDS 280 375 SlgnTrd on bqhalf of th• Cha￿ty Twu#ts Trustqo PAVO Plas Dolerw, Heol Milford l Milford Road, Y D￿rnewydd l Newtown. Powys SY16 2EH Ffisn / Tel.. 1015971822191 Fra￿ l Fax.. {015971828675 Ebost l Email.. lnfo@pavo.org.uk Gwefan I Webslte. www.pavo.org.uk Powys Association of Voluntary Organisations Cymdeithas Mudiadau Gwirfoddol Powys CADEfRYDD / CHAIR: Jamie Burt PRIF WEITHREOWR / CHIEF EXECUTIVE: Clair Swales Trustees of Bike to the Future Orchard Hose 22 Millfields Newtown Powys SY16 3JP 4th August 2026 Dear Trustees I have carried out the above audit as instructed by yourselves via David Morgan. As per the statement attached I have completed my examination and have no concerns in respect of the matters listed within the Directions of the Charity Commission, I have found no material matters that require drawing to your attention. All the very best for the future Regards Trish Varley Finance Officer fi4SX) H￿DF￿[41p(DyER Rhlf Elusen Gofrestre(Ilg'. 1069557. Cwmnl Cyfynged1g drwy warant 3522144. Wedl el gofrestru yng Nghymru. Reglstered Charlty No.: 1069557. A Company Umlte(f By Gvarantee 3522144. Reylstered ifi Wale5. Independent examiner's report to the trustees of Bike lo the Future I report to the trustees on my examination of the accounts of the Bike to the Future for the year ended 3151 December 2025. 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 I'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 examinalion I have followed all the applicable Directions given by the Charity Commission under section 14515llb} of the Act Independent examiner's statement I have completed my examination. I confirm that no material rnalters 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 respe¢t of the Trust as required by section 130 of the Act,, or 2. the accounts do not accord with those records,. or 3. Ihe 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 wÈth 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., Trish Varfey Relevant professional.. AAT Address: PAVO Plas DoleNI, Newiown, Powys, SY16 2EH Date.. 4 August 2026 Angela Owen PAVO