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← The Bikeability Trust

2025-03-31-accounts

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

Trustees’ Report and Financial Statements For the year ended 31 March 2025

Charity Number: 1171111

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 16
Independent Auditors' Report on the Financial Statements 17-20
Consolidated Statement of Financial Activities 21
Consolidated Balance Sheet 22
Charity Balance Sheet 23
Consolidated Statement of Cash Flows 24
Notes to the Financial Statements 25-50

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THE BIKEABILITY TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Imran Hussain
John Jackson
Christine Phillips
Catherine Purcell
Esther Durrant
Paul Murray
Lee Kidger (appointed 8 July 2024)
Gordon Read (appointed 16 April 2024)
Shirley McIndoe (appointed 16 April 2024)
Sivanayaki Sanmugarajah (appointed 16 April 2024)
Nicholas Truran (appointed 16 April 2024)
Trudy Harrison, Chair (appointed 5 March 2025)
Charity registered
number
1171111
Principal office
Salisbury House
Station Road
Cambridge
CB1 2LA
Senior management
team
Sue Brown, Director of Finance and Compliance
Caroline Dawson, Director of Promotion and Communications (to 31 March 2025)
Benjamin Smith, Director of Development
Michelle Turnbull, Director of Operations (to 28 February 2025)
Chief executive officer
Emily Cherry
Independent auditors
PEM Audit Limited
Registered Auditors
Salisbury House
Station Road
Cambridge
CB1 2LA
Solicitors
Broadfield Law UK LLP
20 Station Road
Cambridge
CB1 2JD

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TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

1.0 INTRODUCTION

The Trustees present this annual report together with the audited financial statements of the CIO for the period 1 April 2024 to 31 March 2025.

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.

2.0 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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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.

The Bikeability Trust has helped more than 5 million children to take up Bikeability cycle training. We have also offered thousands more families and adults the chance to take up cycle training. We have achieved this through our 5 strategic goals.

  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

By the end of 2024-2025, we had delivered Bikeability to over 5.5 million children.

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3.0 ACHIEVEMENTS & PERFORMANCE

Review of activities to-date

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 through Active Travel England and delivered through Local Highway Authorities and School Games Organiser Host Schools. It has been in existence since 2007 and has delivered 5,546,551 Bikeability training sessions. This includes the 500,000 funded training places and 21,420 Get Cycling in Schools places delivered in 2024-25 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 as well as the Get Cycling in Schools programme which has continued to give teachers the skills to deliver basic cycling skills with 888 teachers trained in 2024-25.

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 approximately 500,000 children per year. We have continued to work with the Bikeability Industry through Government guidance to train as many children as we 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.

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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.

Our impact report for 2025 provides a summary of achievements of the Bikeability Industry led by the Bikeability Trust and can be found on our website: Bikeability Impact Report 2024/25.

The main achievements in 2024/25 were:

Communications and partnerships

Supported Bikeability industry with timely communications

Raised awareness of Bikeability and its benefits

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Additional 2024–25 highlights

Developed corporate partnerships

Operations

Grants & Finance

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Development

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Areas requiring further focus

We have experienced some delays with our digitisation project in rolling out consistent booking systems across the Bikeability industry which will help us develop efficiencies in reporting and embed our impact work through consistent evaluation tools. This project was critical in helping to secure further corporate partnerships through Bikeability Club and therefore this is an important area for future focus.

We are also planning to develop a further set of tools for training adults, including for example delivery riders. This is an opportunity for the Trust to not only generate income, but further our charitable mission on educating the public and not solely restricted to children.

Plans for April 2025 – March 2026

The focus for this financial year will be delivering on the targets we have set for each Local Highways Authorities to make progress towards offering our Level 2 on the road Bikeability course to at least 80% of children by the end of primary school. We have negotiated with each LHA revised targets to increase the majority of areas to help move towards the target of 80%, but we do not expect to reach this overall national target until a long term settlement is achieved. We anticipate this will take at least three further financial years to achieve. This will be supported by continued grant funding for Level 1, 3 and our ‘Plus’ courses (Balance and Learn to Ride).

We will also continue to support Transport for London through our monitoring and reporting contract, so we can now demonstrate the full impact of training throughout England. Procurement and discussions with Welsh Government have stalled, and there is no funded commitment to launch Bikeability in Wales at the time of writing. We will continue to lobby for this change. We continue to work with Cycling Scotland through regular meetings and sharing of good practice for Bikeability in Scotland.

Finally, we have written to the Northern Ireland Assembly, Department of Infrastructure to offer advice on starting a Bikeability programme, as it is believed they intend to bring back cycling proficiency making

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Northern Ireland out of step with the other nations. Should the Northern Ireland Assembly wish to procure Bikeability, we will need to register as a charity in Northern Ireland.

Core to our mission and key to ensuring the future of Bikeability is increasing our data and evidence of the impact of our cycle training. In 2024-25 we have piloted and rolled out our national monitoring and evaluation tools to survey parents, carers and children. We will publish our first annual report into the impact of Bikeability through the data collection in 2025.

We will continue to take action on barriers to taking part in Bikeability through:

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 objectives and 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 Board of Trustees have agreed a ten year strategy to 2035, setting out the long term vision of the charity: https://www.bikeability.org.uk/wp-content/uploads/2025/02/2035-Bikeability-Trust-strategy.pdf

The following objectives have been agreed for the 2025-26 financial year. These have been scrutinised by the Board of Trustees. Each objective aligns to our strategy and determines the activities for each of the teams (Finance & Grants, Strategy, Quality and Partnerships).

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Objective 1: Develop and implement the Get and Go cycling programme for children and adults to reach at least 1 million riders per year by 2035

Finance and Grants:

Strategy and Quality:

Training and Quality:

Development

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Objective 2: Develop Bikeability Trust cycle training products for both income generation and attitude change to cycling

Development:

Strategy:

Partnerships:

Objective 3: Increase the number of children with access to a cycle

Partnerships:

Strategy and Quality:

Grants and Finance

Objective 4: Improve perception of cycling for all ages as a choice for short journeys

Strategy:

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Objective 5: Support our schools to increase active travel modes to school

Partnerships:

Development:

Strategy

Promote Modeshift STARs, Living Streets WoW and other relevant active travel programmes to Bikeability schools

These objectives and activities form the basis of reporting for 2025-26.

Plans for 2026-2029

Detailed business planning for the next three years is ongoing.

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

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5.0 FINANCIAL REVIEW

Results for the period

Total income for the Group amounted to £21,829,022 of which £1,803,344 related to unrestricted income and £20,025,678 was restricted.

The key sources of unrestricted funds for the Trust are income under an administration grant agreement with the DfT through ATE, the sale of award materials and sponsorship. In addition, during the year the charity registered as a recognised delivery centre and commenced training instructors. The Group has made an net unrestricted surplus of £21,176 after deduction of expenses amounting to £1,782,168.

Restricted income included training and project funding from ATE amounting to £19,812,588 and grant income of £213,325 from The Road Safety Trust.

Restricted expenditure totalled £21,102,133. Expenditure relating to the training and project funds amounted to £20,958,946 of which £19,683,926 was awarded through grant agreements to local highways authorities, school games organisers and other organisations, through the utilisation of current year funding and previous year underspend of £1,146,358. The remaining balance of £1,275,020 relating to expenditure on development projects and instructor bursaries.

Additional activity within restricted funds included expenditure of £140,900 relating to a project to develop a virtual rider training tool funded through the Road Safety Trust grant and expenditure amounting to £2,287 relating to other small projects.

Total funds as at 31 March 2025 amounted to £5,635,152 of which £1,918,081 related to unrestricted and £3,717,071 related to restricted funds.

Within the unrestricted funds, donations to the Innovation fund amounted to £7,061 adding to the bought forward fund of £993,920 of which, £215,055 was spent on Innovation projects resulting in a carried forward balance of £785,926 of which £286,395 had been allocated to projects at the end of the year. The Trustees are working with industry to develop the programme further through use of the Innovation fund.

The surplus relating to general and subsidiary funds amounted to £229,170 resulting in a carried forward balance on general funds of £1,132,155.

Restricted funds carried forward include a balance of £3,463,164 relating to remaining funding from DfT through ATE that is being used to support cycle training through the Get Cycling in Schools project, instructor bursaries and development projects.

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 have reviewed the level of reserves in the context of the uncertainty of future funding and have decided not to transfer any funds into the Innovation fund at this stage. The trustees believe that reserves of £1,042,405 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.

The reserves position will be reconsidered towards the end of 25/26 once detailed business planning for 2026/29 has been completed.

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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 Highway 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. Grants have also been awarded to other organisations in line with our charitable objectives. In all cases the grant recipients have applied for funding which were then assessed and awarded based on factors such as impact, levels of demand and efficiency in delivery. We, at the Trust, monitor all grant usage and review payment claims to ensure funds are only released when training has taken place or grant terms have been satisfied.

Volunteers

Other than the Trustees the Trust did not use the services of any volunteers during the year.

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 have not actively fundraised from the public in 24/25 and we have not used any external professional fundraisers in the year, the public can donate via our website and we are registered with the Fundraising Regulator. Employed fundraising members of staff are tasked with engaging new partners. No complaints have been received by the charity about fundraising activity.

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6.0 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 twelve members. The Board meets approximately quarterly. The Chief Executive Officer is responsible to the Trustees for overseeing the Charity’s operations.

A list of Trustees is provided on Page 1, and on our website: https://bikeabilitytrust.org/who-we-are/.

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 term; 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 Chief Executive Officer (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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THE BIKEABILITY TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

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 which give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity 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 Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

AUDITORS

Our auditor Peters Elworthy and Moore transferred their audit registration and therefore that part of their business to a newly incorporated limited company, PEM Audit Limited, on 1 September 2025. Accordingly, Peters Elworthy and Moore ceased to be the Company’s auditor with the Directors duly appointing PEM Audit Limited to fill the vacancy arising.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Trudy Harrison Chair of Trustees

Date: 22 January 2026

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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 2025 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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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:

As a result of the above risk assessment procedures we identified the greatest risk of material misstatement on the financial statements arising from irregularities and fraud to be within the potential for management to override controls together with the risk of fraudulent revenue recognition. We considered the risk of fraudulent revenue recognition to be most prevalent in the cut-off of revenue. In response to these identified risks, 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)

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

PEM Audit Limited

Registered Auditors Salisbury House Station Road Cambridge CB1 2LA

Date: 22 January 2026

PEM Audit Limited 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 2025

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Trading activities
4
Bank interest
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
2025
£
35,161
1,451,712
94,000
182,263
40,208
1,803,344
3,648
1,778,520
1,782,168
21,176
1,896,905
21,176
1,918,081		 Restricted
funds
2025
£
285
20,025,393
-
-
-
20,025,678
-
21,102,133
21,102,133
(1,076,455)
4,793,526
(1,076,455)
3,717,071		 Total
funds
2025
£
35,446
21,477,105
94,000
182,263
40,208
21,829,022
3,648
22,880,653
22,884,301
(1,055,279)
6,690,431
(1,055,279)
5,635,152		 Total
funds
2024
£
6,832
19,687,838
26,500
151,498
380
19,873,048
22,184
20,596,250
20,618,434
(745,386)
7,435,817
(745,386)
6,690,431

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

The notes on pages 25 to 50 form part of these financial statements.

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THE BIKEABILITY TRUST

CONSOLIDATED BALANCE SHEET CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2025
2025 2024
Note £ £
FIXED ASSETS
Intangible assets 13 30,520 -
Tangible assets 14 - 2,853
30,520 2,853
CURRENT ASSETS
Stocks 16 42,702 21,836
Debtors 17 1,348,554 109,116
Cash at bank and in hand 10,576,092 13,042,493
11,967,348 13,173,445
CURRENT LIABILITIES
Creditors: amounts falling due within one
year 18 (6,362,716) (6,485,867)
NET CURRENT ASSETS 5,604,632 6,687,578
TOTAL NET ASSETS 5,635,152 6,690,431
CHARITY FUNDS
Restricted funds 19 3,717,071 4,793,526
Unrestricted funds 19 1,918,081 1,896,905
TOTAL FUNDS 5,635,152 6,690,431

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

Trudy Harrison

Chair of Trustees

Date: 22 January 2026

The notes on pages 25 to 50 form part of these financial statements.

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CHARITY BALANCE SHEET AS AT 31 MARCH 2025

2025 2025 2024
Note £ £
FIXED ASSETS
Intangible assets 13 30,520 -
Tangible assets 14 - 2,853
Investments 15 100 100
30,620 2,953
CURRENT ASSETS
Stocks 16 42,702 21,836
Debtors 17 1,375,611 158,734
Cash at bank and in hand 10,419,015 12,913,827
11,837,328 13,094,397
CURRENT LIABILITIES
Creditors: amounts falling due within one
year 18 (6,322,546) (6,406,317)
NET CURRENT ASSETS 5,514,782 6,688,080
TOTAL NET ASSETS 5,545,402 6,691,033
CHARITY FUNDS
Restricted funds 19 3,717,071 4,793,526
Unrestricted funds 19 1,828,331 1,897,507
TOTAL FUNDS 5,545,402 6,691,033

The Charity's net movement in funds for the year was £(1,145,631) (2024 - £(749,702)).

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

Trudy Harrison Chair of Trustees

Date: 22 January 2026

The notes on pages 25 to 50 form part of these financial statements.

Page 23

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities
21
CASH FLOWS FROM INVESTING ACTIVITIES
Interest from investments
Purchase of intangible assets
Purchase of tangible fixed assets
NET CASH PROVIDED BY 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
22
The notes on pages 25 to 50 form part of these financial statements		 2025
£
(2,618,144)
182,263
(30,520)
-
151,743
(2,466,401)
13,042,493
10,576,092		 2024
£
(2,616,694)
151,498
-
(3,329)
148,169
(2,468,525)
15,511,018
13,042,493

Page 24

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 to 31 March 2027.

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.

Page 25

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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. Where the criteria is not met, income is deferred.

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. Support costs are allocated to activities based on the proportion of time spent on those activities in the year.

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.

All expenditure is inclusive of irrecoverable VAT.

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.

Page 26

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THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 - % 3 years straight line

1.8 TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed 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.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, once they have been bought into use.

Depreciation is provided on the following basis:

1.9 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.

1.10 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.

Page 27

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES (CONTINUED)

1.11 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.

1.12 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.

1.13 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.

1.14 GOVERNMENT GRANTS

Government grants are accounted for in line with grant income (see 1.4).

1.15 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.

1.16 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 aim and use of each restricted fund is set out in the notes to the financial statements.

Page 28

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. INCOME FROM DONATIONS AND LEGACIES

Unrestricted
funds
2025
£
Donations
35,161
TOTAL 2024
6,278		 Restricted
funds
2025
£
285
554		 Total
funds
2025
£
35,446
6,832		 Total
funds
2024
£
6,832

3. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted
funds
2025
£
Award sales, consultancy and conference
income
215,045
National Cycle Training Programme
1,236,667
Virtual Rider
-
1,451,712
TOTAL 2024
1,453,889		 Restricted
funds
2025
£
-
19,812,068
213,325
20,025,393
18,233,949		 Total
funds
2025
£
215,045
21,048,735
213,325
21,477,105
19,687,838		 Total
funds
2024
£
276,389
19,411,449
-
19,687,838

Government grants totalling £21,049,255 (2024 - £19,394,053) were received from Active Travel England and the Department for Transport to deliver the national cycle training programme.

Page 29

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. INCOME FROM TRADING ACTIVITIES

Subsidiary trading activities

Sponsorship income
TOTAL 2024
5.
BANK INTEREST

Bank interest
TOTAL 2024
6.
OTHER INCOMING RESOURCES

Other income
TOTAL 2024		 Unrestricted
funds
2025
£
94,000
26,500
Unrestricted
funds
2025
£
182,263
151,498
Unrestricted
funds
2025
£
40,208
380		 Total
funds
2025
£
94,000
26,500
Total
funds
2025
£
182,263
151,498
Total
funds
2025
£
40,208
380		 Total
funds
2024
£
26,500
Total
funds
2024
£
151,498
Total
funds
2024
£
380

Page 30

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. EXPENDITURE ON RAISING FUNDS

TRADING EXPENSES

Unrestricted
funds
2025
£
Subsidiary trading costs
2,813
Fundraising trading expenses - wages and salaries
835
3,648
TOTAL 2024
22,184		 Total
funds
2025
£
2,813
835
3,648
22,184		 Total
funds
2024
£
22,184
-
22,184

8. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Summary by fund type

Unrestricted
funds
2025
£
Award scheme
125,342
Core services
596,205
National Cycle Training Programme
699,585
Other projects
220,533
Recognised Delivery Centre
136,855
Virtual Rider
-
Widening Participation Fund
-
1,778,520
TOTAL 2024
1,138,626		 Restricted
funds
2025
£
-
-
20,958,946
2,287
-
140,900
-
21,102,133
19,457,624		 Total
2025
£
125,342
596,205
21,658,531
222,820
136,855
140,900
-
22,880,653
20,596,250		 Total
2024
£
170,396
499,764
20,181,284
(254,634)
-
-
(560)
20,596,250

Page 31

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. ANALYSIS OF EXPENDITURE BY CHARITABLE ACTIVITIES

Award scheme
Core services
National Cycle Training
Programme
Other projects
Recognised Delivery Centre
Virtual Rider
Widening Participation Fund
TOTAL 2024		 Activities
undertaken
directly
2025
£
111,271
423,567
1,520,085
103,652
69,893
140,900
-
2,369,368
1,773,415		 Grant
funding of
activities
2025
£
-
-
19,683,926
2,000
-
-
-
19,685,926
18,270,876		 Support
costs
2025
£
14,071
172,638
454,520
117,168
66,962
-
-
825,359
551,959		 Total
funds
2025
£
125,342
596,205
21,658,531
222,820
136,855
140,900
-
22,880,653
20,596,250		 Total
funds
2024
£
170,396
499,764
20,181,284
(254,634)
-
-
(560)
20,596,250

Page 32

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. ANALYSIS OF EXPENDITURE BY CHARITABLE ACTIVITIES (CONTINUED)

ANALYSIS OF DIRECT COSTS

Staff costs
Other costs
TOTAL 2024
Staff costs
Other costs
TOTAL 2024		 Award
scheme
2025
£
-
111,271
111,271
155,738		 Core
services
2025
£
290,600
132,967
423,567
298,511
Virtual Rider
2025
£
-
140,900
140,900
-		 National
Cycle
Training
Programme
2025
£
373,755
1,146,330
1,520,085
1,592,965
Widening
Participation
2025
£
-
-
-
(560)		 Other
projects
2025
£
55,015
48,637
103,652
(273,239)
Total
funds
2025
£
809,071
1,560,297
2,369,368
1,773,415		 RDC
2025
£
89,701
(19,808)
69,893
-
Total
funds
2024
£
632,839
1,140,576
1,773,415

Page 33

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. ANALYSIS OF EXPENDITURE BY CHARITABLE ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS

Staff costs
Depreciation
Promotion and comms
Professional fees
Audit and accounts
Insurance
Travel and subsistence
Training
Subscriptions
Office costs
IT costs
Bank charges
Trustee expenses
Sundry costs
TOTAL 2024		 Award
scheme
2025
£
8,658
-
2,245
523
832
294
429
19
70
328
563
53
29
28
14,071
14,658		 Core
services
2025
£
106,213
-
27,563
6,416
10,200
3,613
5,268
237
860
4,029
6,896
631
359
353
172,638
201,253		 National
Cycle
Training
Programme
2025
£
256,899
2,853
67,204
15,293
24,309
8,610
15,477
564
2,049
9,628
16,435
1,503
855
32,841
454,520
317,443		 Other
Projects
2025
£
-
-
31,846
61,586
-
-
959
3,889
-
9,732
765
-
134
8,257
117,168
18,605

Page 34

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. ANALYSIS OF EXPENDITURE BY CHARITABLE ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS (continued)

Staff costs
Depreciation
Promotion and comms
Professional fees
Audit and accounts
Insurance
Travel and subsistence
Training
Subscriptions
Office costs
IT costs
Bank charges
Trustee expenses
Sundry costs
TOTAL 2024		 RDC
2025
£
-
-
-
45,618
-
-
11,415
704
-
3,165
4,991
286
-
783
66,962
-		 Total
funds
2025
£
371,770
2,853
128,858
129,436
35,341
12,517
33,548
5,413
2,979
26,882
29,650
2,473
1,377
42,262
825,359
551,959		 Total
funds
2024
£
309,549
476
72,999
27,075
37,479
10,391
20,310
4,295
3,205
42,198
18,954
2,594
2,403
31
551,959

Governance costs for the group totalled £39,437 (2024 - £42,457), being audit and accounts costs of £38,060 (2024 - £40,054), and trustee expenses of £1,377 (2024 - £2,403).

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

Page 35

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THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. ANALYSIS OF GRANTS

Grants, DfT costs
Innovation SEND Grants
TOTAL 2024		 Grants to
Institutions
2025
£
19,683,926
2,000
19,685,926
18,270,876		 Total
funds
2025
£
19,683,926
2,000
19,685,926
18,270,876		 Total
funds
2024
£
18,270,876
-
18,270,876

Standard training grants totalling £18,568,635 (113 grants) were made to Local Authorities for the organisation and provison of Bikeability Training which ranged from £3,664 to £828,950. In addition, Local Authorities claimed £164,191 in respect of SEND top up, £119,902 for HAF training, £26,648 for Weather top up, and £39,732 for Rural top up to help them meet the need to increase delivery. There were returns amounting to £37,861 in respect of prior year scaling up funding.

Standard grants totalling £430,753 (8 grants) were made to School Games Organisers for the organisation and provision of Bikeability Training in their area ranging from £25,561 to £88,087. In addition, School Games Organisers claimed £2,620 in respect of SEND top up and £2,684 for HAF training.

A grant of £360,000 was awarded to Modeshift for the Modeshift STARs Active Travel Academies.

Standard grants paid in excess of £100,000 are summarised below, alongside their respective comparatives.

Page 36

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THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ £
LOCAL AUTHORITIES
Barnsley Metropolitan Borough Council 161,340 140,195
BCP Combined 130,139 123,345
Birmingham City Council 429,576 349,634
Bolton Council 170,234 143,444
Bradford MDC 185,304 156,423
Bristol City Council 237,051 133,363
Buckinghamshire County Council 184,869 147,015
Calderdale MBC 112,640 129,294
Cambridgeshire County Council 390,098 347,166
Cheshire East Council 230,059 210,643
Cheshire West and Chester Council 164,018 126,597
Cornwall Council 207,790 177,124
Cumberland Council 248,334 234,574
Derby City Council 130,909 120,244
Devon County Council 389,417 351,781
Dorset County Council 120,055 116,210
Durham County Council 116,407 108,506
East Riding of Yorkshire Council 119,110 94,873
East Sussex County Council 164,249 148,924
Essex County Council 516,593 351,603
Gloucestershire County Council 264,663 223,920
Hampshire County Council 672,346 589,865
Hertfordshire County Council 380,953 244,055
Hull City Council 210,320 182,456
Kent County Council 519,215 438,002
Kirklees Council 296,887 207,782
Lancashire County Council 828,950 453,282
Leeds City Council 503,463 486,306
Leicester City Council 106,250 64,620
Leicestershire County Council 184,330 127,290
Lincolnshire County Council 296,578 266,167
Liverpool City Region 641,262 542,928
Manchester City Council 200,548 175,267
Milton Keynes Council 132,252 91,367
Norfolk County Council 248,525 220,049
North Somerset Council 105,069 91,315
North Yorkshire County Council 155,450 112,770
Nottinghamshire County Council 332,111 269,145
Oldham MBC 101,609 53,840
Oxfordshire County Council 298,520 248,899

Page 37

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THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Plymouth City Council
Rochdale MBC
Salford City Council
Sandwell MBC
Sheffield City Council
Shropshire Council
Solihull MBC
Somerset County Council
Southampton City Council
South Gloucestershire Council
Southend On Sea Borough Council
Staffordshire County Council
Stockport Council
Stoke-on-Trent City Council
Suffolk County Council
Sunderland City Council
Surrey County Council
Tameside MBC
Trafford Council
Wakefield MDC
Warrington Borough Council
Warwickshire County Council
West Northamptonshire Council
West Sussex County Council
Wigan Council
Wiltshire Council
Wokingham Borough Council
Wolverhampton City Council
Worcestershire County Council
Other standard (under £100,000)
OTHER GRANTS
Other (under £100,000) - HAF
Other (under £100,000) - SEND
Other (under £100,000) - Scaling up
Other (under £100,000) - Weather
Other (under £100,000) - Rural
Total grants paid to Local Authorities		 189,408
107,200
119,000
137,718
240,250
183,839
250,643
120,250
110,692
83,809
104,187
266,987
138,094
89,640
244,350
127,397
386,693
126,200
120,450
168,050
139,310
219,916
147,918
344,006
116,940
183,997
112,844
106,807
203,763
2,790,784
18,568,635
119,902
164,191
(37,861)
26,648
39,732
312,612
18,881,247		 196,296
105,489
80,790
72,213
187,857
139,971
258,799
105,345
98,050
107,763
106,164
466,420
126,173
137,758
225,240
105,035
333,458
95,355
62,100
169,545
143,832
198,655
229,933
308,341
95,078
167,135
92,846
89,911
160,299
2,550,540
16,016,674
74,770
74,885
957,895
-
-
1,107,550
17,124,224

Page 38

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

SCHOOL GAME ORGANISERS

Other standard (under £100,000)
Other (under £100,000) - HAF
Other (under £100,000) - SEND
OTHER
Modeshift
HAF
Other
AUDITORS' REMUNERATION
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts
Fees payable to the Charity's auditor in respect of:
Taxation compliance services
All non-audit services not included above		 430,753
2,684
2,620
436,057
360,000
6,622
2,000
368,622
19,685,926
2025
£
17,920
500
17,841		 825,984
5,738
4,840
836,562
300,000
10,090
-
310,090
18,270,876
2024
£
15,255
1,665
28,259

11. AUDITORS' REMUNERATION

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Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

STAFF COSTS, INCLUDING COSTS OF KEY MANAGEMENT PERSONNEL AND TRUSTEE 12. EXPENSES

Staff costs were as follows:

Wages and salaries
Social security costs
Other pensions costs		 Group
2025
£
1,009,952
97,841
73,883
1,181,676		 Group
2024
£
809,084
78,132
55,172
942,388		 Charity
2025
£
1,009,117
97,841
73,883
1,180,841		 Charity
2024
£
809,084
78,132
55,172
942,388

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

Group Group Charity Charity
2025 2024 2025 2024
No. No. No. No.
Direct charitable and management 29 23 29 23

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

Group Group
2025 2024
No. No.
In the band £60,001 - £70,000 1 -
In the band £70,001 - £80,000 1 -
In the band £80,001 - £90,000 1 1

The key management personnel of the charity comprise the Trustees, the Chief Executive Officer, Director of Development, Director of 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 £348,749 (2024 - £304,326).

During the year, the charity incurred redundancy and termination costs totaling £30,254 (2024: £NIL) of which £23,213 related to key management personnel. These include statutory redundancy payments, contractual termination payments, and payments in lieu of notice (PILON) following a restructuring of operations. The charity’s policy is to recognise such payments as an expense when the obligation arises. At the balance sheet date, £5,830 remained payable and is included within creditors. No specific funding was received for these costs.

During the period, 10 Trustees (2024 - 9) received reimbursement of travel expenses totalling £1,377 (2024 - £2,403).

Page 40

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13.
INTANGIBLE ASSETS
GROUP AND CHARITY
COST
At 1 April 2024
Additions
At 31 March 2025
AMORTISATION
At 1 April 2024
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
Intangibles consist of database and website development costs.		 Database
and website
£
170,380
30,520
200,900
170,380
170,380
30,520
-

Page 41

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14.
TANGIBLE FIXED ASSETS
GROUP AND CHARITY
COST
At 1 April 2024
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for the year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 Equipment
£
3,329
3,329
476
2,853
3,329
-
2,853

Page 42

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

15. FIXED ASSET INVESTMENTS

CHARITY
COST OR VALUATION
At 1 April 2024
AT 31 MARCH 2025		 Investments
in
subsidiary
companies
£
100
100

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
Cycle Training Trading Limited 11794254 Salisbury House, Station Road, Ordinary 100%
(formerly Bikeability Trading Cambridge, England, CB1 2LA
Limited)
Included in
consolidation
Yes

The financial results of the subsidiary for the year were:

Name Income Expenditure Profit for Net assets
£ £ the year £
£
Cycle Training Trading Limited 94,000 (3,648) 90,352 89,850
(formerly Bikeability Trading Limited)

Page 43

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. STOCKS

Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
Award material 42,702 21,836 42,702 21,836

17. DEBTORS

Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
2025
£
10,460
-
44,290
1,293,804
1,348,554		 Group
2024
£
8,097
-
328
100,691
109,116		 Charity
2025
£
10,460
27,057
44,290
1,293,804
1,375,611		 Charity
2024
£
8,097
49,618
328
100,691
158,734

Page 44

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Grants payable		 Group
2025
£
288,353
68,343
16,539
152,195
5,837,286
6,362,716		 Group
2024
£
115,765
114,638
3,508
1,124,868
5,127,088
6,485,867		 Charity
2025
£
288,353
68,343
16,539
112,025
5,837,286
6,322,546		 Charity
2024
£
115,765
114,638
3,508
1,045,318
5,127,088
6,406,317

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 £73,883 (2024 - £55,172). No contributions were payable to the funds at the balance sheet date (2024 - £Nil).

Included within Other taxation and social security is a VAT liability of £37,349 (2024 - £93,425).

Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods		 Group
2025
£
902,013
1,387
(902,013)
1,387		 Group
2024
£
1,984,370
902,013
(1,984,370)
902,013

In 24/25 deferred income represents income received for award sales that were dispatched after the year end. In 23/24 deferred income represented underspend of grant income received which was rolled over to 24/25.

Page 45

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

UNRESTRICTED FUNDS
DESIGNATED FUNDS
Innovation fund
GENERAL FUNDS
General Funds
Subsidiary funds
TOTAL UNRESTRICTED FUNDS
RESTRICTED FUNDS
National Cycle Training Programme
Widening Participation Fund
Virtual Rider
Other projects
TOTAL OF FUNDS		 Balance at 1
April 2024
£
993,920
903,587
(602)
902,985
1,896,905
4,609,522
152,137
-
31,867
4,793,526
6,690,431		 Income
£
7,061
1,702,283
94,000
1,796,283
1,803,344
19,812,588
-
213,325
(235)
20,025,678
21,829,022		 Expenditure
£
(215,055)
(1,563,465)
(3,648)
(1,567,113)
(1,782,168)
(20,958,946)
-
(140,900)
(2,287)
(21,102,133)
(22,884,301)		 Balance at
31 March
2025
£
785,926
1,042,405
89,750
1,132,155
1,918,081
3,463,164
152,137
72,425
29,345
3,717,071
5,635,152

Page 46

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. STATEMENT OF FUNDS (CONTINUED)

Designated Funds

The innovation fund is set aside for the innovation and development of Bikeability projects.

Restricted Funds

National Cycle Training Programme relates to a grant from Active Travel England and 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.

In 24/25 the Trust awarded Modeshift £360,000 (23/24 £300,000) from underspend cycle training funds as agreed with Active Travel England and the Department of Transport.

In 24/25 the charity was awarded a grant of £213,325 from the Road Safety Trust to develop a virtual rider training tool to improve children's and parents cycle awareness, attentiveness, attitudes and safety.

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

Page 47

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

19. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR YEAR

UNRESTRICTED FUNDS
DESIGNATED FUNDS
Innovation 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 2023
£
665,419
758,669
(4,918)
753,751
1,419,170
5,833,896
151,577
31,174
6,016,647
7,435,817		 Income
£
2,535
1,609,510
26,500
1,636,010
1,638,545
18,216,553
-
17,950
18,234,503
19,873,048		 Expenditure
£
325,966
(1,464,592)
(22,184)
(1,486,776)
(1,160,810)
(19,440,927)
560
(17,257)
(19,457,624)
(20,618,434)		 Balance at
31 March
2024
£
993,920
903,587
(602)
902,985
1,896,905
4,609,522
152,137
31,867
4,793,526
6,690,431

Page 48

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted
funds
2025
£
Intangible fixed assets
30,520
Current assets
2,334,511
Creditors due within one year
(446,950)
TOTAL
1,918,081
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2024
£
Tangible fixed assets
-
Current assets
2,270,162
Creditors due within one year
(373,257)
TOTAL
1,896,905		 Restricted
funds
2025
£
-
9,632,837
(5,915,766)
3,717,071
Restricted
funds
2024
£
2,853
10,903,283
(6,112,610)
4,793,526		 Total
funds
2025
£
30,520
11,967,348
(6,362,716)
5,635,152
Total
funds
2024
£
2,853
13,173,445
(6,485,867)
6,690,431
Tangible fixed assets
Current assets
Creditors due within one year
TOTAL

Page 49

Docusign Envelope ID: 34D6D8F9-F5DC-4FCF-90C1-1DCB425D2450

THE BIKEABILITY TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING 21. ACTIVITIES

Net expenditure for the year (as per Statement of Financial Activities)
ADJUSTMENTS FOR:
Amortisation / depreciation charges
Interest from investments
Increase in stocks
(Increase) / decrease in debtors
Decrease in creditors
NET CASH USED IN OPERATING ACTIVITIES
22.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
TOTAL CASH AND CASH EQUIVALENTS
23.
ANALYSIS OF CHANGES IN NET DEBT
At 1 April
2024
£
Cash at bank and in hand
13,042,493
13,042,493		 Group
2025
£
(1,055,279)
2,853
(182,263)
(20,866)
(1,239,438)
(123,151)
(2,618,144)
Group
2025
£
10,576,092
10,576,092
Cash flows
£
(2,466,401)
(2,466,401)		 Group
2024
£
(745,386)
476
(151,498)
(4,321)
133,165
(1,849,130)
(2,616,694)
Group
2024
£
13,042,493
13,042,493
At 31 March
2025
£
10,576,092
10,576,092

24. RELATED PARTY TRANSACTIONS

There were no transactions with related parties in the year (2024 - None).

Page 50