##
|||PAGE|
|---|---|---|
|Charity Information|||
|Report ofthe Trustees|||
|Independent
Examiner's|Report tothe Trustees||
|Receipts and Payments|Accounts||
|Statement ofAssets and|Liabilities||
##
##
##
##
##
##
##
##
##
|Public Benefit||||
|---|---|---|---|
|The Trustees have considered the Charity Commission
guidance
regarding
public benefit||||
|and are satisfied that the activities ofthe Charity, as described above, meet the necessary||||
|criteria.||||
|Risk analysis||||
|The Trustees have identified, as required,
the major risks to which the Charity is exposed.||||
|The Trustees consider that they have taken such action and put in place policies, procedures||||
|and controls which will mitigate the identified
risks and assist in maintaining
the future||||
|financial
viability ofthe Charity.||||
|Remuneration
ofTrustees||||
|During the year none ofthe Trustees ofthe Charity received remuneration
for the provision||||
|oftheir position as trustee to the Charity.||||
|Transactions
and financial position||||
|The results forthe period ended 30th September 2023 are shown on the appended
pages.||||
|Accounts have been prepared
on a receipts and payments
basis rather than an accruals|basis, as|||
|permitted
under the Charity SORP 2015relating to smaller charities.||||
|Statement ofTrustees' responsibilities||||
|The Trustees are required to prepare Financial Statements
for each financial year which||||
|give a true and fair view ofthe state ofaffairs ofthe Charity and ofits results for that period(based|||on|
|Receipts and Payments
In preparing
those Financial Statements
the Trustees are required||to:||
|a. Select suitable accounting
policies and apply them consistently;||||
|b. Make judgements
and estimates
that are reasonable
and prudent;||||
|c. Prepare the Financial Statements
on agoing concern basis unless
it is inappropriate|to|||
|assume that the Charity will continue
in business.||||
|The Trustees are responsible
for keeping proper accounting
records, which disclose with||||
|reasonable
accuracy and at any time, the financial
position ofthe Charity.
They are also||||
|responsible
for safeguarding
the assets ofthe Charity and hence for taking reasonable
steps||||
|forthe prevention
and detection offraud and other irregularities.||||
|Reserves Policy||||
|The Charity has completed
it's sixth year and has achieved a reserves balance of833,800- being|||the|
|dosing bank balances.
E17,720ofthis isfor restricted purposes,
leaving an unrestricted,||free-fund|of|
|816,081. This is a reasonable
balance to help fund day-to-day
activities as we move into||our seventh year.||
|As activities are more established
and the Charity grows, we will be able to determine
a|regular cost base|||
|upon which we can set our target reserves
level in order to ensure ongoing
sustainability.||||
|Investment
Policy||||
|The Trustees are responsible
for the investment
ofany surplus
funds ofthe Charity.
As|such|||
|funds may be required
for immediate
use, the Trustees continue to review various||||
|interest bearing,
instant access deposit accounts
in which to place such monies.||||
##
##
##
||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||Funds|Funds|2023|2022|
|~Re
eei ts|||||
|Donations|3,539||3,539|14,095|
|Grants|486|18,087|18,573|20,644|
|Rents received||4,400|4,400|6,596|
|Interest Received|658||658|20|
|Total receipts|4,683|22,487|27,170|41,355|
|~Pa ments|||||
|Charitable
Activities|||||
|Room Hire/ Rent|2,689|4,400|7,089|6,258|
|Training Resources and Equipment||13,690|13,690|19,925|
|Events||||429|
|Covid tests||||420|
|Client travel and vouchers|3,544|4,398|?,942|3,321|
|Insurance|433||433|2,000|
|Cyclists club|1,035||1,035|5,083|
|Independent
Examiner Fee|600||600|480|
|Bank charges|340||340|294|
|Total payments|8,641|22,488|31,129|37,800|
|Net ofreceipts and payments|(3,958)||(3,959)|3,555|
|Cash funds last year end|20,039|17,720|37,759|34,204|
|Cash funds this year end|16,081|17,720|33,800|37,759|