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2022-03-31-accounts

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

Charity number: 1171111

THE BIKEABILITY TRUST

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 12
Independent Auditors' Report on the Financial Statements 13 - 16
Consolidated Statement of Financial Activities 17
Consolidated Balance Sheet 18
Charity Balance Sheet 19
Consolidated Statement of Cash Flows 20
Notes to the Financial Statements 21 - 42

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees Esther Durrant (appointed 1 November 2022)
Steve Garidis
Alison Hill, Chair
Imran Hussain
John Jackson
Andrew Milbourne, Vice Chair
Richard Payn, Treasurer
Christine Phillips (appointed 13 September 2022)
Catherine Purcell (appointed 13 September 2022)
John Wann (resigned 1 November 2022)
Gavin Wheeler
Charity registered
number
1171111
Principal office
Salisbury House
Station Road
Cambridge
CB1 2LA
Senior management
team
Donna Harrington, Director of Finance and Compliance (to 16 July 2021)
Sue Brown, Director of Finance and Compliance (from 19 July 2021)
Isobel Stoddart, Director of Promotion and Communications (to 25 April 2021)
Caroline Dawson, Director of Promotion and Communications (from 26 April 2021)
Benjamin Smith, Director of Development
Michelle Turnbull, Director of Operations (from 1 April 2022)
Chief executive officer
Emily Cherry
Independent auditors
Peters Elworthy & Moore
Chartered Accountants
Salisbury House
Station Road
Cambridge
CB1 2LA
Solicitors
Taylor Vinters
Merlin Place
Milton Road
Cambridge
CB4 0DP

Page 1

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present this annual report together with the audited financial statements of the CIO for the period 1 April 2021 to 31 March 2022.

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:

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 three 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.

ACHIEVEMENTS & PERFORMANCE

Review of activities to-date

This is the fifth 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 4,126,053 Bikeability training sessions. This includes the 439,802 DfT funded training places delivered in 2021-22 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.

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 impact of COVID continued to present difficulties for accessing children in school during 2021-22. although this was less than the previous year. We have continued to work 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 2021 provides a summary of achievements of the Bikeability Industry led by the Bikeability Trust.

The main achievements in 2021/22 were:

Promotion and Communications

Operations

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THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Quality Assurance (EQA) plus Internal Quality Assurance (IQA) self help resources

Development

Areas requiring further focus

We have secured some partnerships with industry related organisations, but it is important for the Trust to try to secure large tranches of funding from parties other than government; the Trust will continue to attempt to redress this during the forthcoming year.

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Plans for April 2022 – March 2023

The role of the Bikeability Trust in stabilising the Bikeability Industry and helping to prepare them for growth and scale up is a key balance for the 2022-23 year and will require investment in increasing staffing across Operations, Development and Communications. We will continue a focus on quality, consistency and coverage to stabilise the Bikeability Industry and prepare for scale up in the future. The Bikeability Trust will also take a focus on innovation, inclusivity and impact. This will also involve a significant focus on digitisation of Bikeability provider systems in order to more effectively report on the impact of delivery. 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 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.

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Docusign En¥ÈlopÈ ID." 407C851B-09EF4BAg-96Etk84BC0144F5AF THE BIKEABILITY TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 INCLUSION L> ENSURE BIKLIBILITY IS THE LEADING NATIONAL STANDARDS CYCLING PROGK4MME AND CONTINUES TO DEVELOPOUR ACTIVE TRAVEL OFFER Embed leamlw on thuvery MI￿￿lY0M BrltaInThlnksresea￿h Lobbyfore¢)ntlnutd endOrSem￿ta$th?th1y natl¢)nal $tandards tralnln¥ provlder SupwiwcLe and micrn•mo￿￿lYtrain1Trg Standardsandde￿Very ENSURE THE BIKEABJLrrY INDusfRY CAN OFFER B￿ABIL￿y TO EVERY CHILD Improve pargnt and famlly rgsour¢05 En$urÈaLLlnstruet*r$ have aetÈsstoSENDtrainlng Improve famlly take up Streamiinegrantssystem Prnwdeeffective busines5 SUPPOrt tothelndustry Page 7

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Communications

Operations

Page 8

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Development

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

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 Group has made a surplus of income over expenditure on unrestricted funds of £102,068. This is split into a planned net deficit on designated funds of £544,125 and surplus on general funds of £646,193. This is the result of careful monitoring of costs and a very small efficient team of staff who support the Trustees in their work. The Trust currently has unrestricted general reserves brought forward of £265,000. On the basis that the Trust requires unrestricted general reserves of £400,000, as set out below, the Trustees have decided that a further £135,000 should be retained in addition to £354,984 of costs relating to projects to be completed during 22/23 thereby allowing a transfer to the Innovation Fund of £150,000.

Within restricted funds £264,362 has been transferred from the National Cycle Training Programme to the Widening Participation Fund. This restricted funding has been 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.

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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, and other on-going liabilities such as committed expenditure, pension contributions and supplier costs. The trustees believe that reserves of £400,000 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 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.

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THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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://bikeability.org.uk/about/our-trustees/ .

Trustees serve for a term of three years from the date of appointment.

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 Executive Director (ED). Following appointment the successful candidate meets the Chair and ED 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.

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:

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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

24 January 2023 Date:

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

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 'parent charity') and its subsidiaries (the 'group') for the year ended 31 March 2022 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated 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:

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 Group 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 Group's or the parent 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:

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 Group's and the parent charity'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 Group or the parent charity or to cease operations, or have no realistic alternative but to do so.

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

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 151 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:

We assessed the susceptibility of the Charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures

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THE BIKEABILITY TRUST

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE BIKEABILITY TRUST (CONTINUED)

which included, but were not limited to:

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/auditorsresponsibilities. This description forms part of our Auditors' Report.

USE OF OUR REPORT

This report is made solely to the charity'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 charity'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 charity 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 24 January 2023 Date:

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

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Investments
4
Other income
5
TOTAL INCOME
EXPENDITURE ON:
Raising funds
6
Charitable activities
7
TOTAL EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
17
Net movement in funds
17
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
2022
£
1,263
1,666,348
7,801
20,854
1,696,266
2,013
1,592,185
1,594,198
102,068
1,303,850
102,068
1,405,918		 Restricted
funds
2022
£
-
17,000,000
-
-
17,000,000
-
17,151,837
17,151,837
(151,837)
6,487,395
(151,837)
6,335,558		 Total
funds
2022
£
1,263
18,666,348
7,801
20,854
18,696,266
2,013
18,744,022
18,746,035
(49,769)
7,791,245
(49,769)
7,741,476		 Total
funds
2021
£
139
13,293,681
18,376
458
13,312,654
400
7,302,626
7,303,026
6,009,628
1,781,617
6,009,628
7,791,245

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 21 to 42 form part of these financial statements.

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THE BIKEABILITY TRUST

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2022

Note
FIXED ASSETS
Intangible assets
12
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
NET CURRENT ASSETS
TOTAL NET ASSETS
CHARITY FUNDS
Restricted funds
17
Unrestricted funds
17
TOTAL FUNDS		 37,525
65,590
14,543,417
14,646,532
(7,053,405)		 2022
£
148,349
148,349
7,593,127
7,741,476
6,335,558
1,405,918
7,741,476		 99,069
491,937
9,239,362
9,830,368
(2,196,313)		 2021
£
157,190
157,190
7,634,055
7,791,245
6,487,395
1,303,850
7,791,245

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Dr A M Hill Trustee

24 January 2023 Date:

The notes on pages 21 to 42 form part of these financial statements.

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THE BIKEABILITY TRUST

CHARITY BALANCE SHEET AS AT 31 MARCH 2022

Note
FIXED ASSETS
Intangible assets
12
Investments
13
CURRENT ASSETS
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
NET CURRENT ASSETS
TOTAL NET ASSETS
CHARITY FUNDS
Restricted funds
17
Unrestricted funds
17
TOTAL FUNDS		 37,525
67,312
14,542,008
14,646,845
(7,051,405)		 2022
£
148,349
100
148,449
7,595,440
7,743,889
6,335,558
1,408,331
7,743,889		 99,069
533,083
9,198,616
9,830,768
(2,196,413)		 2021
£
157,190
100
157,290
7,634,355
7,791,645
6,487,395
1,304,250
7,791,645

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Dr A M Hill Trustee

24 January 2023 Date:

The notes on pages 21 to 42 form part of these financial statements.

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THE BIKEABILITY TRUST

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided for operating activities
19
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
20
The notes on pages 21 to 42 form part of these financial statements		 2022
£
5,304,076
7,801
(7,822)
(21)
5,304,055
9,239,362
14,543,417		 2021
£
1,495,517
18,376
(56,298)
(37,922)
1,457,595
7,781,767
9,239,362

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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. The Trust has no fixed place of business.

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) (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 in October 2019 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.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

1.3 GOING CONCERN

The Trustees have prepared forecasts for 2022/23 and considered the trading period beyond this. 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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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. Support costs are allocated to activities based on the proportion of time spent on those activities in the year.

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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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 INVESTMENTS

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

1.9 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.

1.10 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.

1.11 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.

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1. ACCOUNTING POLICIES (CONTINUED)

1.12 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.

1.13 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.

1.14 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.

1.15 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 Group 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 Group 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.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2. INCOME FROM DONATIONS AND LEGACIES

Unrestricted
funds
2022
£
Donations
1,263
TOTAL 2021
139		 Total
funds
2022
£
1,263
139		 Total
funds
2021
£
139

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2022
£
Award schemes - core awards
266,348
National Cycle Training Programme
1,400,000
Other grants
-
1,666,348
TOTAL 2021
994,681		 Restricted
funds
2022
£
-
17,000,000
-
17,000,000
12,299,000		 Total
funds
2022
£
266,348
18,400,000
-
18,666,348
13,293,681		 Total
funds
2021
£
79,681
13,139,000
75,000
13,293,681

Government grants totalling £18,400,00 (2021 - £13,214,000) were received from the Department for Transport; £18,400,000 (2021 - £13,139,000) to deliver the national cycle training programme, £NIL (2021 - £75,000) for the secondment of Paul Robison to the DfT.

4. INVESTMENT INCOME

Unrestricted
funds
2022
£
Bank interest
7,801
TOTAL 2021
18,376		 Total
funds
2022
£
7,801
18,376		 Total
funds
2021
£
18,376

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. OTHER INCOMING RESOURCES

Other income
TOTAL 2021		 Unrestricted
funds
2022
£
20,854
458		 Total
funds
2022
£
20,854
458		 Total
funds
2021
£
458

6. EXPENDITURE ON RAISING FUNDS

FUNDRAISING TRADING EXPENSES

Unrestricted
funds
2022
£
Subsidiary trading costs
2,013
TOTAL 2021
400		 Total
funds
2022
£
2,013
400		 Total
funds
2021
£
400

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Summary by fund type

Unrestricted
funds
2022
£
Award scheme
155,102
Core services
449,237
National Cycle Training Programme
894,184
Other projects
93,662
Widening Participation Fund
-
1,592,185
TOTAL 2021
768,540		 Restricted
funds
2022
£
-
-
16,271,007
13,629
867,201
17,151,837
6,534,086		 Total
2022
£
155,102
449,237
17,165,191
107,291
867,201
18,744,022
7,302,626		 Total
2021
£
58,352
300,874
6,819,965
123,435
-
7,302,626

8. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Award scheme
Core services
National Cycle Training
Programme
Other projects
Widening Participation Fund
TOTAL 2021		 Activities
undertaken
directly
2022
£
133,961
206,740
602,689
13,629
-
957,019
269,158		 Grant
funding of
activities
2022
£
-
-
16,143,602
93,662
846,654
17,083,918
6,589,621		 Support
costs
2022
£
21,141
242,497
418,900
-
20,547
703,085
443,847		 Total
funds
2022
£
155,102
449,237
17,165,191
107,291
867,201
18,744,022
7,302,626		 Total
funds
2021
£
58,352
300,874
6,819,965
123,435
-
7,302,626

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8. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF DIRECT COSTS

Staff costs
Other costs
TOTAL 2021		 Award
scheme
2022
£
-
133,961
133,961
23,587		 Core
services
2022
£
117,819
88,921
206,740
99,341		 National
Cycle
Training
Programme
2022
£
164,544
438,145
602,689
114,434		 Other
projects
2022
£
7,926
5,703
13,629
31,796		 Total
funds
2022
£
290,289
666,730
957,019
269,158		 Total
funds
2021
£
169,589
99,569
269,158

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS

Staff costs
Depreciation
Professional
Services
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 2021		 Award
scheme
2022
£
9,503
576
-
609
2,290
1,188
-
185
362
94
53
4,930
365
284
14
44
25
619
-
21,141
34,765		 Core
services
2022
£
108,997
6,615
-
13,887
37,185
13,626
203
2,119
4,150
1,084
611
29,174
9,894
3,250
226
510
3,863
7,103
-
242,497
201,533		 National
Cycle
Training
Programme
2022
£
156,078
9,472
59,350
38,238
37,749
19,512
-
3,034
6,063
1,552
868
54,071
11,492
4,654
324
731
5,541
10,171
-
418,900
207,549		 Widening
Participatio
n
2022
£
4,062
-
16,485
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,547
-		 Total
funds
2022
£
278,640
16,663
75,835
52,734
77,224
34,326
203
5,338
10,575
2,730
1,532
88,175
21,751
8,188
564
1,285
9,429
17,893
-
703,085
443,847		 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

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8. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS (continued)

Governance costs included above totalled £37,928 (2021 - £29,805), being audit and accounts costs of £34,326 (2021 - £29,782), professional fees of £Nil (2021 - £Nil), and trustee expenses of £1,285 (2021 - £23).

Support costs are allocated on the basis of staff time spent on each activity.

9. ANALYSIS OF GRANTS

Grants, DfT costs
Innovation SEND Grants
Widening Participation Grants
TOTAL 2021		 Grants to
Institutions
2022
£
16,143,602
93,662
846,654
17,083,918
6,589,621		 Total
funds
2022
£
16,143,602
93,662
846,654
17,083,918
6,589,621		 Total
funds
2021
£
6,497,982
91,639
-
6,589,621

A total of £12,954,590 (106 grants) were made to Local Authorities for the organisation and provison of Bikeability Training which ranged from £2,205 to £500,595. Grants paid in excess of £100,000 are summarised below, alongside their relevant comparatives. A total of £3,067,687 (61 grants) were made to School Games Organisers for the organisation and provision of Bikeability Training in their area ranging from £1,840 to £211,648. Grants paid in excess of £100,000 are summarised below, alongside their relevant comparatives. 45 widening participation grants totalling £846,654 were made and ranged from £1,500 to £48,510. In addition, £121,325 of Covid grants and innovation grants amounting to £92,662 were awarded in the year.

The Group has made the following material grants to institutions during the year

2022 2021
£ £
Local authorities
BCP Combined 131,521 -
Bolton Council 133,399 -
Bradford MDC 127,385 -
Bristol City Council 135,131 -
Buckinghamshire County Council 158,291 -
Cambridgeshire County Council 378,582 133,332
Cheshire East Council 245,949 -

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Cheshire West and Chester Council
Cumbria County Council
Derby City Council
Devon County Council
East Sussex County Council
Essex County Council
Gloucestershire County Council
Hampshire County Council
Hertfordshire County Council
Hull City Council
Kent County Council
Lancashire County Council
Leeds City Council
Leicestershire County Council
Lincolnshire County Council
Liverpool City Region
Manchester City Council
Merseytravel
North Yorkshire County Council
Northamptonshire County Council
Nottinghamshire County Council
Oldham MBC
Oxfordshire County Council
Sheffield City Council
Shropshire Council
Solihull MBC
Staffordshire County Council
Stockport Council
Stoke-on-Trent City Council
Suffolk County Council
Surrey County Council
The Active Wellbeing Society on behalf of Birmingham City Council
Wakefield MDC
Warrington Borough Council
Warwickshire County Council
West Berkshire Council
West Sussex County Council
Wiltshire Council
Worcestershire County Council
61 (2021: 90) Grants under £100,000		 110,524
225,092
122,130
376,879
144,496
338,897
204,660
426,825
188,245
104,222
200,227
500,595
450,270
147,657
260,552
358,386
116,012
-
150,930
196,902
192,781
109,892
164,610
124,797
163,018
190,847
471,644
114,457
174,734
160,295
340,342
340,478
175,995
135,999
107,130
103,248
233,145
143,775
158,521
3,415,123
12,954,590		 -
-
-
161,210
107,122
192,711
143,536
184,894
-
-
-
244,878
153,995
-
-
-
-
112,300
-
-
128,658
-
-
-
-
-
213,633
-
-
-
173,836
117,718
-
-
-
-
-
-
-
3,119,027
5,186,850

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School game organisers

Buckshaw Primary School - Holy Cross
Sir John Hunt CSC
Swanwick School and Sports College
58 (2021: 61) Grants under £100,000		 101,781
211,648
117,140
2,637,118
3,067,687
16,022,277		 -
107,258
-
1,079,036
1,186,294
6,373,144
10. AUDITORS' REMUNERATION
2022 2021
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 11,500 9,400
Fees payable to the Charity's auditor in respect of:
Taxation compliance services 1,000 950
All non-audit services not included above 21,826 19,432

11. STAFF COSTS, INCLUDING COSTS OF KEY MANAGEMENT PERSONNEL AND TRUSTEE EXPENSES

Staff costs were as follows:

Wages and salaries
Social security costs
Other pensions costs		 Group
2022
£
491,154
43,713
34,062
568,929		 Group
2021
£
396,372
34,255
24,701
455,328		 Charity
2022
£
491,154
43,713
34,062
568,929		 Charity
2021
£
396,372
34,255
24,701
455,328

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11. STAFF COSTS, INCLUDING COSTS OF KEY MANAGEMENT PERSONNEL AND TRUSTEE EXPENSES (CONTINUED)

The average number of persons employed by the Charity during the year was as follows:

Group Group Charity Charity
2022 2021 2022 2021
No. No. No. No.
Direct charitable and management 16 12 16 12

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2022 2021
No. No.
In the band £60,001 - £70,000 1 -

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 £193,272 (2021: £181,531).

During the period, 6 Trustees (2021 - 1) received reimbursement of travel expenses totalling £1,285 (2021: £23).

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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
12.
INTANGIBLE ASSETS
GROUP AND CHARITY
COST
At 1 April 2021
Additions
At 31 March 2022
AMORTISATION
At 1 April 2021
Charge for the year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
Intangibles consist of database and website development costs.
13.
FIXED ASSET INVESTMENTS		 Database
and website
£
162,558
7,822
170,380
5,368
16,663
22,031
148,349
157,190
CHARITY
COST
At 1 April 2021
AT 31 MARCH 2022		 Investments
in
subsidiary
companies
£
100
100

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13. FIXED ASSET INVESTMENTS (CONTINUED)

PRINCIPAL SUBSIDIARIES

The following was a subsidiary undertaking of the Charity:

Name Company Registered office or principal Class of Holding number place of business shares Bikeability Trading Limited 11794254 Salisbury House, Station Road, Ordinary 100% Cambridge, England, CB1 2LA

Included in consolidation

Yes

The financial results of the subsidiary for the year were:

Name
Bikeability Trading Limited
14.
STOCKS
Award material
15.
DEBTORS
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income		 Expenditure
£
2,013
Group
Group
2022
2021
£
£
37,525
99,069
Group
Group
2022
2021
£
£
325
-
-
-
65,265
491,937
65,590
491,937		 (Loss) for
the year
£
(2,013)
Charity
2022
£
37,525
Charity
2022
£
325
1,722
65,265
67,312		 Net
liabilities
£
(2,313)
Charity
2021
£
99,069
Charity
2021
£
-
41,046
492,037
533,083

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16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other taxation and social security
Other creditors
Accruals
Grants payable		 Group
2022
£
135,055
378,515
2,059
44,638
6,493,138
7,053,405		 Group
2021
£
24,884
17,808
2,417
46,393
2,104,811
2,196,313		 Charity
2022
£
135,055
378,515
2,059
42,638
6,493,138
7,051,405		 Charity
2021
£
24,884
17,808
2,517
46,393
2,104,811
2,196,413

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 £33,588 (2021: £24,701). Contributions totalling £2,059 (2021: £2,417) were payable to the funds at the balance sheet date and are included in other creditors.

Included within Other taxation and social security is a VAT liability of £360,464 (2021: £nil) relating to historically unpaid VAT due to HMRC.

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17. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

UNRESTRICTED FUNDS
DESIGNATED FUNDS
Innovation fund
Intangible fixed assets fund
GENERAL FUNDS
General Funds
Subsidiary funds
TOTAL UNRESTRICTED
FUNDS
RESTRICTED FUNDS
National Cycle Training
Programme
Widening Participation Fund
Other projects
TOTAL OF FUNDS		 Balance at 1
April 2021
£
882,060
157,190
1,039,250
265,000
(400)
264,600
1,303,850
4,937,017
1,500,000
50,378
6,487,395
7,791,245		 Income
£
1,263
-
1,263
1,695,003
-
1,695,003
1,696,266
17,000,000
-
-
17,000,000
18,696,266		 Expenditure
£
(528,725)
(16,663)
(545,388)
(1,046,797)
(2,013)
(1,048,810)
(1,594,198)
(16,271,007)
(867,201)
(13,629)
(17,151,837)
(18,746,035)		 Transfers
in/out
£
150,000
7,822
157,822
(157,822)
-
(157,822)
-
(264,362)
264,362
-
-
-		 Balance at
31 March
2022
£
504,598
148,349
652,947
755,384
(2,413)
752,971
1,405,918
5,401,648
897,161
36,749
6,335,558
7,741,476

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DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17. 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.

The transfer during the year releates to new underspends allocated by DfT.

Other projects relate to smaller projects outside of the National Cycle Training Programme.

Page 38

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17. 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
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)
(637,656)
(773,248)
(6,497,982)
-
(31,796)
(6,529,778)
(7,303,026)		 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
264,600
1,303,850
4,937,017
1,500,000
50,378
6,487,395
7,791,245

Page 39

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2022
£
Intangible fixed assets
148,349
Current assets
1,832,364
Creditors due within one year
(574,795)
TOTAL
1,405,918
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2021
£
Intangible fixed assets
157,190
Current assets
1,238,162
Creditors due within one year
(91,502)
TOTAL
1,303,850		 Restricted
funds
2022
£
-
12,814,168
(6,478,610)
6,335,558
Restricted
funds
2021
£
-
8,592,206
(2,104,811)
6,487,395		 Total
funds
2022
£
148,349
14,646,532
(7,053,405)
7,741,476
Total
funds
2021
£
157,190
9,830,368
(2,196,313)
7,791,245
Intangible fixed assets
Current assets
Creditors due within one year
TOTAL

Page 40

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

19. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the year (as per Statement of Financial
Activities)
ADJUSTMENTS FOR:
Amortisation charges
Investment income
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
NET CASH PROVIDED BY OPERATING ACTIVITIES
20.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
TOTAL CASH AND CASH EQUIVALENTS
21.
ANALYSIS OF CHANGES IN NET DEBT
At 1 April
2021
£
Cash at bank and in hand
9,239,362
9,239,362		 Group
2022
£
(49,769)
16,663
(7,801)
61,544
426,347
4,857,092
5,304,076
Group
2022
£
14,543,417
14,543,417
Cash flows
£
5,304,055
5,304,055		 Group
2021
£
6,009,628
5,368
(18,376)
(54,251)
(434,001)
(4,012,851)
1,495,517
Group
2021
£
9,239,362
9,239,362
At 31 March
2022
£
14,543,417
14,543,417

Page 41

DocuSign Envelope ID: 407C851B-09EF-4BA9-96ED-84BC0144F5AF

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

22. RELATED PARTY TRANSACTIONS

There were no transactions with related parties in the year (2021: none).

Page 42