Cycling for All Annual Report 2023/24 61 H•ven Aoad, Exrt•r. EX2 8DP InfoQvKJeoniyclitiz.oii egistered Qharity numbei 11 i4Q'.
Ride On- Cycling for All Charity Number 1174055 Charity Information Charlty Address: 61 Haven Road Exeter EX2 8DP Trustees: Nic Eversett (Chairl steve Morgan (Treasurer) David Riddell (Volunteers) Matt Atkinson (Operations) Heather Baker (Operations) Louise Clark {Marketingl Mike Walton Gene Smallridge lan Martin (appointed 24 June 20241 Niamh O'mahony (appointed 23 September 20241 Bankers: Nat West plc Independent Examlners: Thompson Jenner LLP I Colleton Crescent Exeter Devon EX2 4DG Page 1
Thanks to our partners, funders and supporters at Active Devon Action For Children CAG Devon Colab Cycling UK Devon and Cornwall Police Devon County Council Exeter City Council Exeter Community Initiatives Exmouth Town Council Inspiring Arts in Exwick Stjames School St Sidwell's Community Centre The NHS The University of Exeter Page 2
Foreword from Chairman In last year's report I wrote about the risk of our site being developed as housins and the need for us to find a new home. The developer looking at our site has now folded, and the project has been mathballed. We still have a six-month break clause in our lease. and ifs not impossible that another developer moves in but, for now, the axe has been lifted. This has still been a year of challenges, as it has for many organisations. High inflation rates have caused our costs to soar, as it has in all organisations. Values based charities like ours are passionate about looking after their staff, which has meant a significant increase in our payroll. These increases have also been felt by our suppliers, who have put up their prices too. Thankfully, we have manased to keep our heads above water again. Cycling remains a fantastic way to travel cheaply. and as a result the demand for our quality refurbished bikes has not diminished. Despite people having Sess money in their pockets Ride On put a fantastic 882 bikes back into use, an increase of 10% on 22123. We're delighted to be able to help so many people access affordable bikes at a time of financial need. Alongside this. our relationships and partnersh ips have continued to grow. We now work with Active Devon to provide bikes for adult cycle confidence sessions on a weekly basis, we've agreed a new project with Exeter City Council to set u p a bike workshop at St Sidwell's Community Centre. we have expanded our ride program with the NHS, and continued our work in Barnstaple with Action For Children. Partnerships are the future for everyone in the charitable sector. The funding environment has contin Ljed to be difficult. Our grant and corporate donations ontinued to dry up, and we were sad that Exeter Community Initiatives were forced to close the Bike Bank program, which we have delivered with them for 3 years. As a result our income dropped slightly again, to £170k. Our usual tight focus on spending meant we were able to increase our surplus to almost £9k, an increase of roughly £8k. This will help us to cope with another increase in costs next year. Last year I said our priorities were io secure our site, and to remain in control of our finances. Whilst the news regarding our site is down to good fortune, I'm pleased to report that the team delivered on both of these. Page 3
Next year the challenges remain similar. We need to secure a long term site for the charity. remain financially robust, but we also need to develop our use of technology and data, to help us expand howwe report on our socia1 impact. I'd like to thank my fellow trustees, our staff, our volunteers, and the people who donate their bikes, for another excellent year. Nic Eversett (Chair of the Trustee Board) Total bikes recycled: 6056 lQCW) 750 250 2016 IQ17 structure and Govemance The Trustees are presenting their seventh report and financial statements for the Charitable Incorporated Organisation ICIOI, charity number 1174055. The charity uses Xero for management accounting purposes, an online cloLJd-based accounting soare, under the guidance of Thompsonjenner LLP. Ride On is managed by its board of trustees, who meet at least six times each year. Rosie Denham stepped down as trustee during the year. we were grateful for her excellent advice and support. Our trustees were joined by Mike Walton and Gene Smallridge. Toby Oakes left his role as mechanic to go travelling, after making an excellent contribution to the charity over the years. Sunny Picken successfully completed his apprenticeship and was appointed mechanic. Marshall Roper-Lowe joined us as a trainee Mechanic. Page 4
Objectives and Activltles The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charities Commission. The trustees are confident that the airns and objectives of the charity deliver clear benefits to the public. These benefits include.. Collecting unwanted bikes, refurbishing them and donating them to local community and voluntary groups, and to those on state benefits who cannot purchase a bike. Promoting the conservation, preservation and protection of the environment by recycling and reducing waste frorn the workshop operation. supporting.on bike" cycle training for people aged 3 years upwards. Developing community cycling groups who will then go on to be self-supporcing. Offering bike maintenance courses and education schemes across the full age spectrum. Working with Probation. HMP. Police and Social SeNices in rehabilitation and support to deliver restorative justice programmes in cycle maintenance, recycling and refurbishment. Creating cornmunity cycle workshops where any member of community can recycle, build. repair. customise bikes, with those receiving benefits accessing most elements for little or no charge. Delivering mobile cycle workshop trainin& Dr Bike, to local schools, community clubs & groups. Providing access to and training on "All Ability" bikes, trikes and recumbents Partnering with local not-for-profit organisations to improve efficiency. Reserrfes As at 31 March 2024, the charity held Unrestricted reserves of £100,80512023; £91,8671 to be used to f urther the charity's objectives. The Trustees monitor the level of reserves to ensure this remains appropriate for the charity. Ride On aims to have six months of income in our reserves. This is so we can cope with the loss of trading if we have to relocate from our current site, so that we can afford to keep operating in the event of a downturn and if there is an emergency or other critical event. Page 5
Rlde On- Cycling for All Statement of Trustees, Responsibilitles The trustees are responsible for preparing the trustees, report and the financial stalements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prackn'cel and applicable law and Tegulations. The law applicable lo charf(ies requifes the trustees to prepare fjnancial statements for each financial year whith give a true and lair vlew of the state of affairs of the charity and of the in¢oming resource5 and application of Tesources ol the ¢harity for that peiiod, In preparing these financial Blalements. the trustees are required lo". select suitable accounting policies and then apply them ¢on818tenlfy', observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accountsng standards have been lollowed, subject to any matefial departures dis¢lo$ed and explairted in the financial slalements,. and prepare the financial statements on the going concern basis unless it is Snappropriate lo presume that the ¢harity wll continue in business. The trustees aye responsible fo¥ keeping proper accounting records that disclose wth reasonable accuracy at any Jme the financial posibon of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Chor¢ties (Accounts and Reports) RegLtlations 2008. and the provisions of the consbtulion. The trustees are also responsible for safeguarding the assets ol the charity and hen¢e tor taking reasonable steps for the Prevention and deteetton of fraud and other irregularities. The trustees are respongible for the maintenance and integrity ofthe corporate and financial information included on the charitable Company's website. Legislation governing Ihe PTep8ration and disseminats'on of financial Statements may differ from legi51alion othei Juri8dictlon$. Appfoved by ihe tr Slees ofthe charlty on and slgned on Its behalf by.. Trustee Page 6
eon-c 11 to the trustees of R ar ended 31 March 2024 Inde endent Examinerfs Re For the On-c Iln for All I report to the trustee5 on my examination of the accounts of Ride On- Cycling for All for the period ended 31 March 2024. Responslbllltles and basis of report As the charity trustees of Ride On- Cycling for All you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Acl and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no materlal matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting records were not kept in respeci of the Trust as required by section 130 of the Act,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reportsl Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection wilh the examination to which attention should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. David Tucker FCCA Association of Chartered Certified Accountants I Colleton Crescent Exeter Devon EX2 4DG £02 Page 7
12 Nknnths 12 hk)nths to 31 Mar¢h to 31 Mirch 2024 2023 Ncrte$ Unr•8trtcled R1¢1 INCOME & ENDOWMENTS FROM; Donotions charitab Other TradiTrJ kli*ilies 17.121 149.045 3.1x1 1.970 19.(B1 149.045 3.150 31,X6 •¢ 1,034 2,457 TOTAL INCOME & ENtknYMENT8 169,)18 1.970 171.288 172.898 EXPENfATURE ON.. GeI8n9 FLn ¢h8rrtable PdNiti88 Govema 11/537 112,7 117,317 54,134 1,970 TOTAL EXPENCITURE 160 378 NET INCOME BEFORE TRANSFERS 8,938 Gross Tramfor8 Meen Furd NET MOVEMENT IN FUNOS J,938 8,938 TOTAL FUNDS BROUGHT FORWARD 91, 91,7 TOTAL FUNCK8 CARRJED FORWARD 15 £10D £100 805 £91 JI lletwrt dere cortinur•J opwBknr Th? Tr)tés on page$ l1%13form part of the firqraal statem8rt5 Page 8
ALANCE 31-Mar 2024 31-Mar 2023 Not•$ fixeDASSETS Tangible Assets 12 2980 1,826 CURRENT ASSETS stock Debtors Cash at bank and in hand 12.771 5,752 79.902 10,887 5,878 73,876 NET CURRENT ASSETS 98,425 90641 CREDITORS Amounts tslling due wthin one year 14 600 600 600 600 Creditors falling due after more than one year NET ASSETS £100805 £91867 FUNDS Unrestricted income fund Resthcted funds 15 100.805 91,867 TOTAL FUNDS e100 805 £91887 Trustee Date STEVE MORGAN, TREASURER Th hoté$ on pagès 10.13 form pgrt ol th0 eeounts Page 9
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TAnglbl Plx•O Au•ts Tcollng EqulprTrEnt Plant ind MKhin•ry Rlckshaw8 Toial Cost A#at 1st AprH2023 A&Jrtions risw Asal 3151 Mwfch 2024 17.4 18.072 683 i•¢I)n AG81161 AFrfH 2023 Ch4rpfoi the 15.778 16.248 1,828 Asal 31stlknh 2024 583 Net Boom VIlv• Asgt 181 April 2023 Asal 31$1 March 2024 1 82S 13 D•btw¥ Trada Dètlors VAT S.346 5,786 57É2 14 Cr•dltNS Amounti falllng duewtthln one yur Accfuabs Ilndyndgnl lalty du&4flai one year Funds Opnlno B4nc• 014pr.23 IfKomlng R•gouru¥ rwahslews Exwndad )f4r.24 ie0378 IEQ.JT8 Tolol UnrestrledffUdS yi.a67 15g,31 Toial re#tthl fu 1,97D 1,970 70141 Funds Al 4&s8t8 aTrJ a66hr on thè 14nco thèetare unTesliKI Vliiaiicldl and ¢Jui&iiit The totsl arnount of narlalcOmmltrnenun0t included Snthets&larKe Sheet 15£2,68012023. £2.eI 17 Tho BhHfdy IiCQDlrolW ty Illnrnlees. Po B•lancé Sheet EtI ThoTOvi¢ro molot4 poat *hèot ¢rt•nlts Page 13