DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
**Charity number: 1171111**
## **TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2021**
DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the CIO, its Trustees and Advisers**|1 - 2|
|**Trustees' Report**|3 - 10|
|**Independent Auditors' Report on the Financial Statements**|11 - 14|
|**Statement of Financial Activities**|15|
|**Balance Sheet**|16|
|**Statement of Cash Flows**|17|
|**Notes to the Financial Statements**|18 - 36|
DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIO, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021**
|**Trustees**|Mr S Garidis|
|---|---|
||Mr Z Schuller (resigned 7 April 2020)|
||Dr A M Hill, Chair|
||Ms S Hurt (resigned 7 April 2020)|
||Mr M Porter QC (resigned 30 June 2020)|
||Professor J Wann|
||Mr G Wheeler|
||Mr A Millbourne|
||Mr R M Payn|
||Mr J T Jackson (appointed 20 October 2020)|
||Mr I Hussain (appointed 20 October 2020)|
|**Charity registered**
**number**
1171111
**Principal office**
Salisbury House
Station Road
Cambridge
CB1 2LA
**Senior management**
**team**
Isobel Stoddart, Director of Promotion and Communications (to 25 April 2021)
Caroline Dawson, Director of Promotion and Communications (from 26 April 2021)
Donna Harrington, Director of Finance and Compliance (to 16 July 2021)
Sue Brown, Director of Finance and Compliance (from 19 July 2021)
Michael Frearson, Director of Development and Operations (to 7 August 2020)
Benjamin Smith, Director of Development (from 10 August 2020)
**Chief executive officer**
Paul Robison (to 30 June 2020)
Emily Cherry (from 1 July 2020)
**Independent auditors**
Peters Elworthy & Moore
Chartered Accountants
Salisbury House
Station Road
Cambridge
CB1 2LA||
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIO, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
**Bankers** The Co-operative Bank 1 Balloon Street Manchester M60 4EP Metro Bank One Southampton Row London WC1B 5HA Barclays Bank PO Box 885 Mortlock House Station Road Histon Cambridge CB24 9DE **Solicitors** Taylor Vinters Merlin Place Milton Road Cambridge CB4 0DP
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021**
The Trustees present this annual report together with the audited financial statements of the CIO for the period 1 April 2020 to 31 March 2021.
The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition October 2019, effective 1 January 2019).
The Trustees confirm that they have had regard to the Charity Commission’s public benefit guidance and believe that the Trust complies with guidance.
## **OBJECTIVES & ACTIVITIES**
## **Mission:**
The Bikeability Trust is a Charitable Incorporated Organisation whose object is to advance the education of the public in general (and particularly amongst children) on the subject of cycling.
## **Vision**
The Bikeability Trust’s Vision is to ensure everyone has the confidence to cycle and enjoy this skill for life.
The Trust aims to make Bikeability the leading programme for cycle training by ensuring:
- **Child focussed** : We deliver cycle training to both children and adults, but the majority of delivery is helping children learn the life skill of cycling
- **Quality** : Our Instructors deliver high-quality, consistent cycle training across England
- **Inclusivity** : We take action to reduce barriers to participation and ensure that anyone who wishes to access Bikeability cycle training is able to
- **Efficiency** : Our delivery programme offers value for money and is delivered in an economic and efficient way
- **Influence** : We share our evidence of the impact of cycle training across a variety of sectors (transport, education, environment, health, leisure, etc)
- **Collaboration** : We work with stakeholders, partners and commercial organisations to achieve our vision and ensure Bikeability is a household name
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## **THE BIKEABILITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Strategies for achieving objectives**
At the Bikeability Trust, we are an ambitious force for change. We are creating a movement to ensure everyone can access cycling as a life skill. We provide the leading cycle training programme in England.
In 5 years, the Bikeability Trust will have helped more than 5 million children take up Bikeability cycle training. We will have also offered thousands more families and adults the chance to take up cycle training. We will achieve this through our 5 strategic goals. We will have:
1. Secured the funding to offer a Bikeability for All programme
2. Ensured high quality delivery of Bikeability for All
3. Secured partnerships that give more children the opportunity to take up Bikeability by removing barriers to cycling and learning this life skill
4. Encouraged more children and adults to cycle more confidently, more often
5. Demonstrated the impact of cycle training for improved road safety, improved urban mobility, education curriculum importance, individual health and wellbeing, cleaner air and the environment
Together, by 2025, we can help 5 million children cycle more confidently, more often.
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **ACHIEVEMENTS & PERFORMANCE**
## **Review of activities to-date**
This is the fourth Annual Report of the Board of Trustees.
## **Background**
Bikeability is a practical training programme that aims to develop children and families skills and confidence to cycle on roads, and ultimately encourage more people to cycle more safely, more often. It is funded by the Department for Transport and delivered through local authorities and School Games Organiser Host Schools. It has been in existence since 2007 and has delivered 3,686,582 Bikeability training sessions. This includes the 140,421 DfT funded training places delivered in 2020-21 financial year.
The Bikeability programme is split into three different levels so that there is a sense of progression in cycling ability. Typically Levels 1 and 2 are delivered to primary school children and Level 3 to secondary school children. In addition there are various other modules that help children to actually learn to cycle. In 2020-21 we piloted and rolled out a new Bikeability Family course that now trains children and parents together.
It is our belief that all children should have access to cycling and we at the Trust help to ensure the delivery of cycle training to typically over 400,000 children per year. The 2020-21 financial year with the challenge of COVID presented difficulties for accessing children in school due to widespread school closures. However, we worked with the Bikeability Industry through Government guidance to train as many children as possible.
Cycling has a number of wider benefits to society including the physical and mental well-being that comes with being physically active. Cycling also introduces children and their families to a sustainable mode of transport, and offers access to a vital life-skill.
The Bikeability Trust was established in 2017, to manage the Bikeability programme.
## **Achievements of the Bikeability Trust**
The Board of Trustees sets out clear objectives for staff and monitors their performance against these objectives on a quarterly basis.
The Annual Review 2020 provides a summary of achievements of the Bikeability Industry led by the Bikeability Trust .
The main achievements in 2020/21 were:
## **Promotion and Communications**
- Launched a new suite of resources – Tools for Schools – a wide selection of curriculum linked materials s chools can use to excite and engage children,parents, carers and teachers about doing Bikeability
- Responded to the increase in family cycling during lockdown with a ‘stop-gap’ series of Essential Cycling Skills videos with hints and tips for parents about riding together as a family.
- Ran a competition with our partner, Frog Bikes, to encourage families to cycle more by sharing their #CycleMore cycling adventures on social media.
- Ran a series of 6 continuing professional development webinars, including one specifically about effective use of social media.
- Co-ordinated national and local press releases around Bikeability delivery statistics
- Issued range of materials, including a template letter for Head teachers encouraging them to continue to offer Bikeability
- Generated national media coverage and advertorials to promote stories evidencing what Bikeability achieves
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
- Provided comprehensive communications to the Bikeability industry throughout the year, to support them adapt to new training guidance under Covid, and continue to deliver
- Significantly expanded our social media communications and reach
- Worked collaboratively with our partners on promotional activities, including Sustrans on Bike to School Week, and Cycling UK on the Big Bike Revival.
## **Operations**
- As COVID cancelled our programme of Quality Assurance Visits we worked to provide a new system of ‘support and mentoring’ for Training Providers to help provide expert support to develop their business
- Provided COVID grant claims process with auditable information to prevent fraudulent claims
- Developed and implemented the the Link Database, for more efficient grant administration (allocation, amendment, monitoring, payment), provider and instructor registration and renewal (rolled out in October 2020)
- Ensuring accurate and timely delivery of funds to local authorities and SGOs (Schools Games Organisers).
- Completed an operational review of systems and procedures used in the operations team
- Completed a review of all policies and procedures
- Focussed on stabilising the training providers coming out of COVID periods by offering Bikeability restart grants
- Provided letters for training providers to send to Headteachers to showcase Bikeability benefits and COVID secure measures
- Engaged with stakeholders to launch our new Vision and Strategy for 2025
- Provided mental health and wellbeing lunch and learn sessions for Bikeability Trust staff
- Developed a new Bikeability Trust corporate dashboard for Trustee Board and DfT reporting
- Offered £300,000 of Bikeability Trust Innovation Funding for SEND specialist projects to help us learn on new ways to ensure children with SEND can access training
## **Development**
- Convened the Bikeability Effectiveness Advisory Group quarterly
- Convened the Recognised Delivery Centres group meeting quarterly
- Convened the Heads of Regional Networks group quarterly and attending local Regional Network groups.
- • Convened the Community of Practice for Level 3 tutors
- Developing practical training and online learning resources for the Approved Driving Instructor cycle awareness pilot as part of the DfT’s Cycling and Walking Investment Strategy cycle safety review (pilot between May and October 2021). Ongoing monitoring and promotion for this project.
- Developing and launching two new Bikeability plus modules; Adult and Family with 50 families completing the pilot and evaluation
- Supported Brunel University in a successful bid for Road Safety Trust funding to research the impact of immersive reality training on 9 – 11 year olds. Ongoing consultancty support to this project.
- Operating as consultants for an Erasmus Plus funded project, advising on cycle training materials for project partners in Eastern Europe.
- Bikeability for All concept work, stakeholder engagement and road-mapping carried out by David Shannon and Julia Youens.
- Risk Benefit Assessment guide and templates produced and feedback received
- Internal Quality Assurance comprehensive guidance written, to be launched in the new year.
- Provided a response for the Bikeability Trust to the DfT Highway Code consultation outlining the key issues and implications for Bikeability training. We have worked in collaboration with Cycling Scotland on changes to the Bikeability delivery guide.
- We reviewed the Recognised Prior Learning assessment route for Instructor training with 1st4Sport. The new course will launch in December 2021.
- Ongoing review of the continuing professional development package offered to instructors and training providers.
- Contribution of two chapters to a paper by the APPG for Fit and Healthy Childhood.
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## **THE BIKEABILITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Areas requiring further focus**
We have secured some partnerships with industry related organisations, but it is important for the Trust to secure additional income from other parties than Government. We also have secured our first Give as You Earn corporate partner with employee donations. The Trust will continue to attempt to redress this during the forthcoming year.
## **Plans for April 2021 – March 2022**
The impact of COVID-19 on the Bikeability Trust and Bikeability programme has meant a huge reduction in numbers of children receiving Bikeability training with widespread school closures and delivery cancelled. The pandemic shifted all Bikeability Trust staff and operations to working from home and necessitated a programme of additional work and support to Bikeability Grant Recipients and Providers. Our focus was to ensure that we retained and supported Providers and Instructors through this difficult period. This has in turn had an impact on the Trust’s ability to raise income through partnerships, sponsorship, fundraising and award sales into the next financial year.
This year has been a challenging one in which we have needed to help scale up an industry for greater delivery of the Bikeability programme whilst we also negotiated confirmation of the Bikeability Trust admin grant. This was finally agreed in February - the Department for Transport agreed to extend our admin grant for another year and it also announced increased funding available for training to a record £18million. Stabilising the programme delivery, reactivating Instructors and Providers will be a core focus for the Trust going forward.
In addition the trustees review key risks facing the Trust every quarter to ensure that appropriate action is being taken to mitigate them. The key risks facing the Trust include:
- The DfT declines to continue the Grant Agreement
- Failure to attract and recruit the right calibre of Board members who also reflect modern Britain
- Poor quality delivery of the training programme
- Failure to offer adequate support to the cycling industry in its attempt to scale up for the government’s pledge of a offering cycle training to every child and adult
The trustees have agreed a set of key activities for the Trust for the coming year and believe that they will help, among other things, to help mitigate the key risks identified.
The key activities we have agreed for the Trust for 2021-22 are:
Communications:
- Continue to raise the profile of Bikeability and ensure that its benefits are better understood and appreciated
- Enhance and improve strategic stakeholders engagement, including joint campaigns, cross-promotion and/or specific project activity
- Complete a review of website and marketing materials
## Operations
- Stabilise the Bikeability industry with a focus on efficiency, effectiveness and economy
- Enhance the level of central support offered to Bikeability providers to enable them to stabilise and scale up
- Develop the Bikeability Trust Innovation Fund
## Development
- Strengthen Quality, Effectiveness and Impact
- Promote Bikeability as the leading National Standards Cycle Training programme
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
- Recommend to DfT changes to improve effectiveness of Instructor training and award
- Design and deliver a minimum continuing professional development offer for Instructors and Training Providers through negotiated discounts to training for Bikeability Industry, webinars and face to face training.
## **Key financial performance indicators**
Our financial results are carefully monitored by our Finance and Audit Committee on a quarterly basis. The key areas the committee focuses on are cash balances and profit from our trading activities. As the Trust has responsibility for the delivery of the Bikeability grant a key area of focus is the safeguarding of public money and ensuring value for money.
## **Factors relevant to achieve objectives**
- Cost control, in particular the margins on our trading activities, salary costs and sub-contractor costs
- • Close monitoring of any Bikeability Providers which fail to deliver their allocated grant-funded Bikeability places to the required standard
## **FINANCIAL REVIEW**
## **Results for the period**
The key sources of funds for the Trust are the sale of Award materials and income under a Grant Agreement with the DfT. The Trust has made a surplus of income over expenditure on unrestricted funds of £240,806. This is the result of careful monitoring of costs, a very small efficient team of staff who support the Trustees in their work and also the impact of COVID – all staff have been working from home and the normal travel commitments have been curtailed which has meant a large saving in overheads. The Trust currently has unrestricted reserves brought forward of £257,184. On the basis that the Trust requires unrestricted reserves of £265,000, as set out below, the Trustees have decided that a further £7,816 should be retained thereby allowing a transfer to the Innovation Fund of £312,284 after a transfer to the intangible asset fund of £56,298.
Within restricted funds £1.5million has been transferred from the National Cycle Training Programme to the Widening Participation Fund. This restricted funding will be allocated through a bidding process to projects that can demonstrate new ways to ensure equal access to cycle training from priority groups including minority ethnic groups, teenage girls and families living in deprivation.
## **Reserves policy**
The Trustees have the objective of maintaining sufficient reserves to offset any liabilities that should be incurred in the event that the charity would need to be wound up; redundancy costs of staff, rental costs and other ongoing liabilities such as VAT, pension contributions and supplier costs. The trustees believe that reserves of £265,000 will be sufficient to cover our current commitments and to meet all costs associated with a downturn in our activities and a potential winding up of the charity.
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## **Grant making policy**
The Trust is responsible for awarding grants to either Local Authorities or Schools Games Organisers so that they can engage Bikeability Providers to deliver training locally. The grant terms were set under our predecessor and we have rolled forward those terms; the grant recipients put in bids for funding which were then assessed
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## **THE BIKEABILITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
and awarded based on factors such as levels of demand and efficiency in delivery. We, at the Trust, monitor the levels of training delivered and ensure funds are only released when training has taken place.
## **Volunteers**
Other than the Trustees the Trust does not use the services of any volunteers.
## **Management remuneration**
Management remuneration is reviewed by our Finance and Audit Committee and ratified by the main Board. Management remuneration was originally set on the incorporation of the Charity and has since been subject to annual reviews which has resulted in small increases in line with RPI.
## **Fundraising**
Although we do not actively fundraise from the public and we have not used any professional fundraisers in the year, the public can donate via our website and via Amazon Smile and we are registered with the Fundraising Regulator.
## **STRUCTURE, GOVERNANCE & MANAGEMENT**
## **Constitution**
The CIO was incorporated on 13 January 2017 and commenced operating on 1 April 2017. The Charity is governed by a constitution which sets out the powers and responsibilities of the Trustees in fulfilling the Charity’s objectives.
## **Management**
## **Trustees**
The management of the CIO is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution. The Trustees manage the affairs of the Trust and determine its general policy.
The Charity is administered by the Board of Trustees, which must have a minimum of three and a maximum of eleven members. The Board meets approximately quarterly. The Chief Executive Officer (CEO) is responsible to the Trustees for overseeing the Charity’s operations.
A list of Trustees is provided on Page 2, and on our website: https://bikeabilitytrust.org/who-we-are/ . Trustees serve for a term of three years from the date of appointment. Trustees appointed when the Charity was registered (on 13th January 2017) had staggered terms. Steven Garidis for 3 years; and Zsolt Schuller for 4 years.
Each Trustee’s term of office may be renewed for two further 3 years terms; subsequently the Trustee in question is required to resign but may apply for re-appointment after at least one year.
## **Trustee appointment, induction and training**
The proposal to appoint a new Trustee is made at a Trustee meeting for consideration and approval by the existing Trustees. Recruitment is by advertisement followed by shortlisting and interview by the Chair, another Trustee and the CEO. Following appointment the successful candidate meets the Chair and CEO for an induction, to be briefed on legal obligations under charity law, on the Charity’s constitution, business plan, operations and recent financial performance.
Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021**
## **Trustees' responsibilities statement**
The Trustees are responsible for preparing the Trustees' Report 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 & Wales 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 CIO and of the incoming resources and application of resources of the CIO for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the CIO's transactions and disclose with reasonable accuracy at any time the financial position of the CIO and 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 CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**Dr A M Hill** Trustee Date: 25 January 2022
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE BIKEABILITY TRUST**
## **Opinion**
We have audited the financial statements of The Bikeability Trust (the 'charity') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
In our opinion the financial statements:
- give a true and fair view of the state of the charitable CIO's affairs as at 31 March 2021 and of its incoming resources and application of resources for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable CIO in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
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## **THE BIKEABILITY TRUST**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE BIKEABILITY TRUST (CONTINUED)**
## **Other information**
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable CIO's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable CIO or to cease operations, or have no realistic alternative but to do so.
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## **THE BIKEABILITY TRUST**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE BIKEABILITY TRUST (CONTINUED)**
## **Auditors' responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
• we identified the laws and regulations applicable to the Charity through discussions with Trustees and other management, and from our knowledge and experience of the sector;
• we obtained an understanding of the legal and regulatory framework applicable to the Charity and how the Charity is complying with that framework;
• we obtained an understanding of the Charity’s policies and procedures on compliance with laws and regulations, including documentation of any instances of non-compliance;
• we identified which laws and regulations were significant in the context of the Charity. The Laws and regulations we considered in this context were Charities Act 2011 and taxation legislation. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items;
• in addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the Charity’s ability to operate or to avoid material penalty; and
• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the Charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we;
• tested journal entries to identify unusual transactions;
• assessed whether judgements and assumptions made in determining the accounting estimates set out in the accounting policy were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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## **THE BIKEABILITY TRUST**
## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE BIKEABILITY TRUST (CONTINUED)**
- agreeing financial statement disclosures to underlying supporting documentation;
- reviewing minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with relevant regulators and the Charity’s legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilties. This description forms part of our auditors’ report.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
## **Use of our report**
This report is made solely to the charitable CIO's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable CIO's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable CIO and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
## **Peters Elworthy & Moore**
Chartered Accountants Statutory Auditors Salisbury House Station Road Cambridge CB1 2LA Date: 26 January 2022
Peters Elworthy & Moore are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
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## **THE BIKEABILITY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Note**
**INCOME FROM:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investments
5
Other income
6
**TOTAL INCOME**
**EXPENDITURE ON:**
Raising funds
7
Charitable activities
8
**TOTAL EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
Net movement in funds
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**funds**
**2021**
**£**
**139**
**994,681**
**-**
**18,376**
**458**
**1,013,654**
**-**
**772,848**
**772,848**
**240,806**
**1,063,444**
**240,806**
**1,304,250**|**Restricted**
**funds**
**2021**
**£**
**-**
**12,299,000**
**-**
**-**
**-**
**12,299,000**
**-**
**6,529,778**
**6,529,778**
**5,769,222**
**718,173**
**5,769,222**
**6,487,395**|**Total**
**funds**
**2021**
**£**
**139**
**13,293,681**
**-**
**18,376**
**458**
**13,312,654**
**-**
**7,302,626**
**7,302,626**
**6,010,028**
**1,781,617**
**6,010,028**
**7,791,645**|Total
funds
2020
£
-
13,102,133
182,500
62,651
-
13,347,284
47,932
13,621,422
13,669,354
(322,070)
2,103,687
(322,070)
1,781,617|
|---|---|---|---|---|
The notes on pages 18 to 36 form part of these financial statements.
Page 15
DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **BALANCE SHEET AS AT 31 MARCH 2021**
||||**2021**|**2021**||2020|
|---|---|---|---|---|---|---|
||**Note**||**£**|||£|
|**FIXED ASSETS**|||||||
|Intangible assets|12||**157,190**|||106,260|
||||**157,190**|||106,260|
|**CURRENT ASSETS**|||||||
|Stocks|13|**99,069**|||44,818||
|Debtors|14|**533,083**|||57,936||
|Cash at bank and in hand||**9,198,616**|||7,781,767||
|||**9,830,768**|||7,884,521||
|Creditors: amounts falling due within one|||||||
|year|15|**(2,196,313)**|||(6,209,164)||
|**NET CURRENT ASSETS**|||**7,634,455**|||1,675,357|
|**TOTAL NET ASSETS**|||**7,791,645**|||1,781,617|
|**CHARITY FUNDS**|||||||
|Restricted funds|16||**6,487,395**|||718,173|
|Unrestricted funds|16||**1,304,250**|||1,063,444|
|**TOTAL FUNDS**|||**7,791,645**|||1,781,617|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **Dr A M Hill**
Trustee Date: 25 January 2022
The notes on pages 18 to 36 form part of these financial statements.
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021**
|**Note**
**CASH FLOWS FROM OPERATING ACTIVITIES**
Net cash provided by/(used in) operating activities
18
**CASH FLOWS FROM INVESTING ACTIVITIES**
Dividends, interests and rents from investments
Purchase of intangible assets
**NET CASH USED IN INVESTING ACTIVITIES**
**CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR**
Cash and cash equivalents at the beginning of the year
**CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR**
19
The notes on pages 18 to 36 form part of these financial statements|**2021**
**£**
**1,454,771**
**18,376**
**(56,298)**
**(37,922)**
**1,416,849**
**7,781,767**
**9,198,616**|2020
£
(392,976)
62,651
(106,260)
**(43,609)**
**(436,585)**
8,218,352
7,781,767|
|---|---|---|
Page 17
DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **1.1 STATUTORY INFORMATION**
The Bikeability Trust is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA.
## **1.2 BASIS OF PREPARATION OF FINANCIAL STATEMENTS**
The financial statements 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) (second edition October 2019, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Bikeability Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **1.3 GOING CONCERN**
The Trustees have prepared forecasts for 2022/23 and considered the trading period beyond this. In light of the global pandemic, the Trustees have stress-tested the forecasts, chiefly reflecting the different levels of income due to postponement of various activities the charity engage in.
Upon their review, the Trustees believe the charity will have sufficient resources to meet its liabilities as they fall due for the foreseeable future and therefore continue to adopt the going concern basis in preparing the financial statements.
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## **THE BIKEABILITY TRUST**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES (CONTINUED)**
## **1.4 INCOME**
All income is recognised once the CIO has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the CIO has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the CIO of the item is probable and that economic benefit can be measured reliably.
Core award income is recognised when the sale to the scheme participator is made and goods have been dispatched from the warehouse.
Fundraising income is recognised when the CIO has entitlement to it, the receipt is probable and the amount can be reliably measured.
Consultancy income is recognised during the month the consultancy services were performed.
Registration fees are recognised in the period to which they relate.
Grant income is recognised when the CIO has entitlement to it, the receipt is probable and the amount can be reliably measured. Any unspent balances are carried forward in the relevant fund.
## **1.5 EXPENDITURE**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the CIO's operations, including support costs and costs relating to the governance of the CIO.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
## **1.6 INTEREST RECEIVABLE**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the CIO; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES (CONTINUED)**
## **1.7 INTANGIBLE ASSETS AND AMORTISATION**
Intangible assets costing £1,500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
Amortisation is provided on the following bases:
Assets under construction - not amortised until complete and in use Database and website - 10 years straight line
## **1.8 STOCKS**
Stocks comprise award materials and are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
## **1.9 DEBTORS**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.10 CASH AT BANK AND IN HAND**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.11 LIABILITIES AND PROVISIONS**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the CIO anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and other similar charges.
## **1.12 GOVERNMENT GRANTS**
Restricted Government grants are credited to the Statement of Financial Activities on receipt, any unspent funds at the year end are carried forward within restricted funds.
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES (CONTINUED)**
## **1.13 PENSIONS**
The CIO contributes to personal pension plans for a number of employees and the pension charge represents the amounts payable by the CIO to the fund in respect of the Period.
## **1.14 FUND ACCOUNTING**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the CIO and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the CIO for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **2. INCOME FROM DONATIONS AND LEGACIES**
||**Unrestricted**|**Total**|Total|
|---|---|---|---|
||**funds**|**funds**|funds|
||**2021**|**2021**|2020|
||**£**|**£**|£|
|Donations|139|**139**|-|
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|**Unrestricted**
**funds**
**2021**
**£**
Award schemes - core awards
79,681
National Cycle Training Programme
840,000
Other grants
75,000
Consultancy and other income
-
994,681
TOTAL 2020
1,060,588|**Restricted**
**funds**
**2021**
**£**
-
12,299,000
-
-
12,299,000
12,041,545|**Total**
**funds**
**2021**
**£**
**79,681**
**13,139,000**
**75,000**
**-**
**13,293,681**
13,102,133|Total
funds
2020
£
251,089
12,756,000
52,545
42,499|
|---|---|---|---|
||||13,102,133|
|||||
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **3. INCOME FROM CHARITABLE ACTIVITIES (CONTINUED)**
Government grants totalling £13,214,000 (2020 - £12,808,545) were received from the Department for Transport; £13,139,000 (2020 - £12,756,000) to deliver the national cycle training programme, £75,000 (2020 - £NIL) for the secondment of Paul Robison to the DfT, £NIL (2020 - £52,545) to deliver the ADI training programme.
## **4. FUNDRAISING INCOME**
## **Income from fundraising events**
|**Unrestricted**
**funds**
**2021**
**£**
Sponsorship income
-
TOTAL 2020
182,500|**Total**
**funds**
**2021**
**£**
**-**
182,500|Total
funds
2020
£
182,500|
|---|---|---|
||||
## **5. INVESTMENT INCOME**
|**Unrestricted**
**funds**
**2021**
**£**
Bank interest
18,376
TOTAL 2020
62,651
**6.**
**OTHER INCOMING RESOURCES**
**Unrestricted**
**funds**
**2021**
**£**
Other income
458|**Total**
**funds**
**2021**
**£**
**18,376**
62,651
**Total**
**funds**
**2021**
**£**
**458**|Total
funds
2020
£
62,651|
|---|---|---|
|||Total
funds
2020
£
-|
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **7. COSTS OF RAISING FUNDS**
|**Unrestricted**
**funds**
**2021**
**£**
Fundraising trading costs
-
Corporation tax
-
Fundraising staff costs
-
-
TOTAL 2020
47,932|**Total**
**funds**
**2021**
**£**
**-**
**-**
**-**
**-**
47,932|Total
funds
2020
£
5,269
31,565
11,098|
|---|---|---|
|||47,932|
||||
## **8. ANALYSIS OF EXPENDITURE BY ACTIVITIES**
|Award scheme
Core services
National Cycle Training
Programme
Other projects
TOTAL 2020|**Activities**
**undertaken**
**directly**
**2021**
**£**
23,587
99,341
114,434
31,796
269,158
390,693|**Grant**
**funding of**
**activities**
**2021**
**£**
-
-
6,589,621
-
6,589,621
12,831,997|**Support**
**costs**
**2021**
**£**
29,397
206,901
207,549
-
443,847
398,732|**Total**
**funds**
**2021**
**£**
**52,984**
**306,242**
**6,911,604**
**31,796**
**7,302,626**
13,621,422|Total
funds
2020
£
201,990
408,898
12,940,163
70,371|
|---|---|---|---|---|---|
||||||13,621,422|
|||||||
In 2020 £12,831,997 of expenditure from charitable activities was attributable to restricted funds and £789,425 was attributable to unrestricted funds.
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **8. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF DIRECT COSTS**
|Staff costs
Other costs
TOTAL 2020|**Award**
**scheme**
**2021**
**£**
-
23,587
23,587
157,943|**Core**
**services**
**2021**
**£**
77,984
21,357
99,341
147,666|**National**
**Cycle**
**Training**
**Programme**
**2021**
**£**
83,891
30,543
114,434
14,713|**Other**
**projects**
**2021**
**£**
7,714
24,082
31,796
70,371|**Total**
**funds**
**2021**
**£**
**169,589**
**99,569**
**269,158**
390,693|Total
funds
2020
£
91,219
299,474|
|---|---|---|---|---|---|---|
|||||||390,693|
||||||||
Page 24
DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **8. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)**
## **ANALYSIS OF SUPPORT COSTS**
|Staff costs
Depreciation
Promotion and comms
Professional fees
Audit and accounts
Rent
Insurance
Travel and subsistence
Training
Subscriptions
Office costs
IT costs
Bank charges
Memberships
Trustee expenses
Sundry office costs
Warehousing
Advertising
TOTAL 2020|**Award**
**scheme**
**2021**
**£**
13,715
-
2,085
613
1,430
14
212
26
127
53
617
1,363
483
11
1
25
8,449
173
29,397
44,047|**Core**
**services**
**2021**
**£**
134,012
5,368
20,370
5,995
13,967
135
2,071
256
1,228
515
6,029
13,250
1,622
202
11
182
-
1,688
206,901
261,232|**National**
**Cycle**
**Training**
**Programme**
**2021**
**£**
138,012
-
20,979
6,173
14,385
139
2,132
262
1,264
531
6,210
13,646
1,670
209
11
187
-
1,739
207,549
93,453|**Total**
**funds**
**2021**
**£**
**285,739**
**5,368**
**43,434**
**12,781**
**29,782**
**288**
**4,415**
**544**
**2,619**
**1,099**
**12,856**
**28,259**
**3,775**
**422**
**23**
**394**
**8,449**
**3,600**
**443,847**
398,732|Total
funds
2020
£
189,160
-
83,411
5,827
28,540
15,705
2,546
16,814
450
2,151
3,708
21,871
8,091
66
1,789
142
18,281
180|
|---|---|---|---|---|---|
||||||398,732|
|||||||
Governance costs included above totalled £29,805 (2020 - £30,329), being audit and accounts costs of £29,782 (2020 - £28,540), professional fees of £Nil (2020 - £Nil), and trustee expenses of £23 (2020 - £1,789).
Support costs are allocated on the basis of staff time spent on each activity.
Page 25
DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **9. ANALYSIS OF GRANTS**
|Grants, DfT costs
Total 2019|**Grants to**
**Institutions**
**2021**
**£**
6,589,621
12,831,997|**Total**
**funds**
**2021**
**£**
**6,589,621**
12,831,997|Total
funds
2020
£
12,831,997|
|---|---|---|---|
|||||
A total of £5,186,850 (103 grants) were made to Local Authorities for the organisation and provison of Bikeability Training which ranged from £40 to £244,878. Grants paid in excess of £100,000 are summarised below, alongside their relevant comparatives. A total of £1,186,294 (62 grants) were made to School Games Organisers for the organisation and provision of Bikeability Training in their area ranged from £600 to £107,258. Grants paid in excess of £100,000 are summarised below, alongside their relevant comparatives. 6 Restart grants totalling £124,838 were made and ranged from £8,383 to £30,000. 15 Innovation grants totalling £91,639 were made and ranged from £2,510 to £14,700.
**.**
## **Grants made to institutions**
|**Local Authorities**
Lancashire County Council
Leeds City Council
Staffordshire County Council
Merseytravel
Hampshire County Council
Devon County Council
Birmingham (The Active Wellbeing Society)
Cambridgeshire County Council
Surrey County Council
Essex County Council
Lincolnshire County Council
Cumbria County Council
Manchester City Council
Cheshire East Council
Gloucestershire County Council
Nottinghamshire County Council
Bradford MDC|**2021**
**£**
**244,878**
**153,995**
**213,633**
**112,300**
**184,894**
**161,210**
**117,718**
**133,332**
**173,836**
**192,711**
**-**
**-**
**-**
**-**
**143,536**
**128,658**
**-**
**1,960,701**|2020
£
448,997
413,346
382,975
374,456
332,120
313,960
284,561
270,315
268,310
266,930
203,180
196,210
178,360
178,019
175,068
167,319
156,900|
|---|---|---|
|||4,611,026|
Page 26
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## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
|**Local Authorities (continued)**
subtotal c/f
Kent County Council
Northamptonshire County Council
Stoke-on-Trent City Council
Bristol City Council
Worcestershire County Council
Bolton Council
Suffolk County Council
North Yorkshire County Council
Hertfordshire County Council
Solihull MBC
East Sussex County Council
Oxfordshire County Council
Wakefield MDC
Warrington Borough Council
South Gloucestershire Council
Sheffield City Council
Oldham MBC
Wiltshire Council
Leicester City Council
90 (2020: 72) Grants under £100,000
**School Games Organisers**
Sir John Hunt CSC
61 (2020:61) Grants under £100,000|**1,960,701**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**107,122**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**3,119,027**
**5,186,850**
**107,258**
**1,079,036**
**1,186,294**|4,611,026
150,000
145,375
144,134
142,351
131,155
126,181
125,120
124,240
123,960
122,870
118,924
118,695
116,380
116,338
114,137
107,480
106,550
105,840
100,355
3,873,118|
|---|---|---|
|||10,824,229|
|||163,800
1,843,968|
|||2,007,768|
Page 27
DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **10. AUDITORS' REMUNERATION**
||**2021**|2020|
|---|---|---|
||**£**|£|
|Fees payable to the CIO's auditor for the audit of the CIO's annual accounts|**9,400**|8,500|
|Fees payable to the CIO's auditor in respect of:|||
|Taxation compliance services|**950**|925|
|All non-audit services not included above|**19,432**|19,115|
## **11. STAFF COSTS, INCLUDING COSTS OF KEY MANAGEMENT PERSONNEL AND TRUSTEE EXPENSES**
Staff costs were as follows:
|Wages and salaries
Social security costs
Other pension costs|**2021**
**£**
**396,372**
**34,255**
**24,701**
**455,328**|2020
£
253,931
20,729
16,817|
|---|---|---|
||||
|||291,477|
The average number of persons employed by the CIO during the year was as follows:
||**2021**|2020|
|---|---|---|
||**No.**|No.|
|Direct charitable and management|**12**|8|
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of the charity comprise the Trustees, the Chief Executive, Director of Development and Operations, Director of Finance and Compliance and Director of Promotion and Communications. No Trustee received any remuneration or benefits in kind from the charity. The total employment benefits including employer pension and national insurance contributions of key management personnel were £181,531 (2020: £162,448).
During the period, 1 Trustee (2020 - 5) received reimbursement of travel expenses totalling £23 (2020: £2,370).
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **12. INTANGIBLE ASSETS**
|**COST**
At 1 April 2020
Additions
At 31 March 2021
**AMORTISATION**
Charge for the year
At 31 March 2021
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2020
Intangibles under construction consist of database and website development
**13.**
**STOCKS**
Award material
**14.**
**DEBTORS**
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income|**Assets**
**under**
**construction**
**£**
**106,260**
**56,298**
**162,558**
**5,368**
**5,368**
**157,190**
106,260
costs.
**2021**
2020
**£**
£
**99,069**
44,818
**2021**
2020
**£**
£
**-**
12,816
**41,046**
41,038
**492,037**
4,082
**533,083**
57,936|**Assets**
**under**
**construction**
**£**
**106,260**
**56,298**
**162,558**
**5,368**
**5,368**
**157,190**
106,260
costs.
**2021**
2020
**£**
£
**99,069**
44,818
**2021**
2020
**£**
£
**-**
12,816
**41,046**
41,038
**492,037**
4,082
**533,083**
57,936|
|---|---|---|
|||**162,558**|
|||**5,368**|
|||**5,368**|
||||
|||**157,190**|
|||106,260|
|||2020
£
44,818
2020
£
12,816
41,038
4,082
57,936|
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Bank overdrafts
Trade creditors
Corporation tax
Other taxation and social security
Other creditors
Accruals
Grants payable|**2021**
**£**
**-**
**24,884**
**-**
**17,808**
**2,417**
**46,393**
**2,104,811**
**2,196,313**|2020
£
25
73,517
72,814
15,908
758
54,891
5,991,251|
|---|---|---|
||||
|||6,209,164|
The CIO contributes to employees personal pension plans. The pension cost charge represents contributions payable by the CIO to the personal pension plans and amounted to £24,701 (2020: £16,817). Contributions totalling £2,417 (2020: £758) were payable to the funds at the balance sheet date and are included in other creditors.
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **16. STATEMENT OF FUNDS**
## **STATEMENT OF FUNDS - CURRENT YEAR**
|
**UNRESTRICTED FUNDS**
**DESIGNATED FUNDS**
Innovation fund
Intangible fixed assets fund
**GENERAL FUNDS**
General funds
**TOTAL UNRESTRICTED**
**FUNDS**
**RESTRICTED FUNDS**
National Cycle Training
Programme
Widening Participation Fund
Other projects
**Total of funds**|**Balance at 1**
**April 2020**
**£**
**700,000**
**106,260**
**806,260**
**257,184**
**1,063,444**
**635,999**
**-**
**82,174**
**718,173**
**1,781,617**|**Income**
**£**
**-**
**-**
**-**
**1,013,654**
**1,013,654**
**12,299,000**
**-**
**-**
**12,299,000**
**13,312,654**|**Expenditure**
**£**
**(130,224)**
**(5,368)**
**(135,592)**
**(637,256)**
**(772,848)**
**(6,497,982)**
**-**
**(31,796)**
**(6,529,778)**
**(7,302,626)**|**Transfers**
**in/(out)**
**£**
**312,284**
**56,298**
**368,582**
**(368,582)**
**-**
**(1,500,000)**
**1,500,000**
**-**
**-**
**-**|**Balance at**
**31 March**
**2021**
**£**
**882,060**
**157,190**|
|---|---|---|---|---|---|
||||||**1,039,250**|
||||||**265,000**|
||||||**1,304,250**|
||||||**4,937,017**
**1,500,000**
**50,378**|
||||||**6,487,395**|
||||||**7,791,645**|
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **16. STATEMENT OF FUNDS (CONTINUED)**
## **Designated Funds**
The innovation fund is set aside for the innovation and development of Bikeability projects.
The intangible fixed assets fund represents the net book value of intangible fixed assets held by the CIO as shown in note 12.
## **Restricted Funds**
National Cycle Training Programme relates to a grant from the Department for Transport payable to Local Authorities and SGOs to deliver the programme.
Widening Participation Fund relates to an underspend of DfT monies which were agreed to be allocated to a new project to identify children and groups less likely to access Bikeability Training due to various additional barriers, finding ways to inspire and enable them to cycle more through a range of pilot projects.
Other projects relates to smaller projects outside of the National Cycle Training Programme.
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **16. STATEMENT OF FUNDS (CONTINUED)**
## **STATEMENT OF FUNDS - PRIOR YEAR**
|**UNRESTRICTED FUNDS**
**DESIGNATED FUNDS**
Innovation fund
Intangible fixed assets fund
**GENERAL FUNDS**
General funds
**TOTAL UNRESTRICTED**
**FUNDS**
**RESTRICTED FUNDS**
National Cycle Training
Programme
Other projects
**TOTAL OF FUNDS**|Balance at
1 April 2019
£
489,691
-
489,691
185,000
674,691
1,328,996
100,000
1,428,996
2,103,687|Income
£
-
-
-
1,305,739
1,305,739
11,989,000
52,545
12,041,545
13,347,284|Expenditure
£
-
-
-
(766,986)
(766,986)
(12,831,997)
(70,371)
(12,902,368)
(13,669,354)|Transfers
in/(out)
£
210,309
106,260
316,569
(466,569)
(150,000)
150,000
-
150,000
-|Balance at
31 March
2020
£
700,000
106,260|
|---|---|---|---|---|---|
||||||806,260|
||||||257,184|
||||||1,063,444|
||||||635,999
82,174|
||||||718,173|
||||||1,781,617|
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
## **ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR**
|**Unrestricted**
**funds**
**2021**
**£**
Intangible fixed assets
157,190
Current assets
1,238,562
Creditors due within one year
(91,502)
**TOTAL**
1,304,250
**ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR**
Unrestricted
funds
2020
£
Intangible fixed assets
106,260
Current assets
1,175,097
Creditors due within one year
(217,913)
**TOTAL**
1,063,444|**Restricted**
**funds**
**2021**
**£**
-
8,592,206
(2,104,811)
6,487,395
Restricted
funds
2020
£
-
6,709,424
(5,991,251)
718,173|**Total**
**funds**
**2021**
**£**
**157,190**
**9,830,768**
**(2,196,313)**
**7,791,645**
Total
funds
2020
£
106,260
7,884,521
(6,209,164)
1,781,617|
|---|---|---|
|Intangible fixed assets
Current assets
Creditors due within one year
**TOTAL**|||
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **18. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|Net income/(expenditure) for the year (as per Statement of Financial
Activities)
**ADJUSTMENTS FOR:**
Depreciation charges
Interest from investments
(Increase)/decrease in stocks
(Increase)/decrease in debtors
(Decrease)/increase in creditors
**NET CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES**
**19.**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash in hand
**TOTAL CASH AND CASH EQUIVALENTS**
**20.**
**ANALYSIS OF CHANGES IN NET DEBT**
**At 1 April**
**2020**
**£**
Cash at bank and in hand
**7,781,767**
Bank overdrafts repayable on demand
**(25)**
**7,781,742**|**2021**
**£**
**6,010,028**
**5,368**
**(18,376)**
**(54,251)**
**(475,147)**
**(4,012,851)**
**1,454,771**
**2021**
**£**
**9,198,616**
**9,198,616**
**Cash flows**
**£**
**1,416,849**
**25**
**1,416,874**|2020
£
(322,070)
-
(62,651)
9,416
119,737
(137,408)
(392,976)
2020
£
7,781,767
7,781,767
**At 31 March**
**2021**
**£**
**9,198,616**
**-**
**9,198,616**|
|---|---|---|
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DocuSign Envelope ID: 84207648-2640-4F0E-B3C0-EA6A9C1591AF
## **THE BIKEABILITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **21. RELATED PARTY TRANSACTIONS**
During the year Paul Robison, CEO, paid garage rental on behalf of the CIO, he was reimbursed £1,490 in relation to this (2020 - £530).
During the prior year the CIO paid £40 (2019 - £Nil) to Sarah Chivers, the daughter of a Trustee, for preparing the CEO recruitment pack. No equivalent transactions have taken place this year.
During the year, the CIO sold a computer to Paul Robison, previous CEO, at a cost of £458.
## **22. PRINCIPAL SUBSIDIARIES**
|Subsidiary name|Bikeability Trading Limited|Bikeability Trading Limited|
|---|---|---|
|Company registration number|11794254||
|Basis of control|Share ownership||
|Equity shareholding %|100%||
|Total assets as at 31 March 2021|£|40,746|
|Total liabilities as at 31 March 2021|£|(41,046)|
|Total equity as at 31 March 2021|£|(300)|
|Turnover for the year ended 31 March 2021|£|-|
|Expenditure for the year ended 31 March 2021|£|(400)|
|Result for the year ended 31 March 2021|£|(400)|
The subsidiary was established on 29 January 2019 and has not yet commenced to trade.
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