Streetbikes
Charity number 1176297
A company limited by guarantee number 07934312
Annual Report and Financial Statements
for the year ended 31 March 2025
Streetbikes
Annual Report and Financial Statements for the year ended 31 March 2025
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to 12 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Streetbikes
Trustees' report for the year ended 31 March 2025
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Roger Northrop Chair Patrick Allen Appointed 28 October 2024 Clive Eve Appointed 28 October 2024 Haritha Devaraj Appointed 22 October 2025 Samantha Foster Resigned 5 December 2024 Sobia Iqbal Resigned 2 May 2025 Dorothy Hatton Appointed 28 October 2024 Resigned 9 July 2025 Charity number 1176297 Registered in England and Wales Company number 07934312 Registered in England and Wales Registered and principal address Bankers Unit 1a Radcliffe Road HSBC Bank plc The Co-operative Bank plc Milnsbridge 2 Cloth Hall Street 1 Balloon Street Huddersfield Huddersfield Manchester HD3 4LX HD1 2ES M4 4BE
Independent examiner Rhys North ACA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 2 February 2012. It is governed by a memorandum and articles of association as amended 6 December 2017. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
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Streetbikes
Trustees' report (continued) for the year ended 31 March 2025
Objectives and activities
The charity's objects
To relieve the needs of the public in the Kirklees area of West Yorkshire by:
The preservation and protection of good physical and mental health by providing both adapted and nonadapted cycles.
To assist in alleviating financial hardship by providing recycled bikes free of charge to disadvantaged. families.
The advancement of education by running AQA courses in bike maintenance for those in the community who are in need thereof so as to advance them in life and assist them to adapt within the wider community.
The provision of facilities for recreation or other leisure-time occupation with the object of improving the conditions of life of those persons who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances.
The charity's main activities
The purpose of the charity is to provide access to adapted and non-adapted bikes to cycle in a safe and secure environment and to provide various cycling programmes and sessions for people to improve their health and wellbeing through cycling. Additionally the charity refurbishes and recycles donated bikes.
Public benefit statement
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit the advancement of peoples health and well being both physically and mentally.
Achievements and performance
We have continued to provide affordable bikes to our community by refurbishing donated bikes. At our mixed ability cycling sessions we have seen over 2,000 visits which have continued to provide physical and mental exercise to all our participants.
There are many unseen benefits of these sessions too. These include social interaction and communication. We provide a safe space for people who are isolated to spend time with others and reduce loneliness.
Our volunteer numbers grow year on year.
Financial review
The net income for the year was £78,686, including net income of £9,767 on unrestricted funds and net income of £68,919 on restricted funds.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £69,456.
Streetbikes reserves policy aims to balance spending the maximum amount of income raised whilst maintaining the minimum level of reserves to ensure uninterrupted operation and provide time to adjust to changes in financial circumstances. The Board of Trustees review the reserves policy on an annual basis and ensure that any under or over provision is managed appropriately. Trustees review the reserves if they drop under £60,000 or go over £120,000.
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Streetbikes
Trustees' report (continued) for the year ended 31 March 2025
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on …………..……...…….
Signed: ………………..…………. (Trustee)
Name: ……………..…..………….
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Streetbikes
Independent examiner's report to the trustees of Streetbikes
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025, which are set out on pages 6 to 12.
Responsibilities and basis of report
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
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3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: …………………………………… Name: Rhys North ACA
Date: …………………….
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Streetbikes
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2025
| Notes 2025 Unrestricted funds £ Income from: Grants and donations (2) 3,802 Sales and fees 38,980 Other income 1,951 Subscriptions 22,434 Interest received 992 Total income 68,159 Expenditure on: Salaries NI and pensions (3) 39,872 Payroll charges - Travel and subsistence 60 Volunteer expenses 1,265 Equipment and materials 1,639 Vehicle running costs 2,298 Rent - Phone and internet 234 Stationery, printing and consumables 25 IT and computer costs 153 Website, marketing and publicity 289 Insurances - Independent examination - Other running costs 365 Depreciation 7,406 Freelance costs 2,986 Staff training and welfare 1,800 Total expenditure 58,392 Net income / (expenditure) 9,767 Fund balances brought forward 64,012 Fund balances carried forward (4) 73,779 |
2025 Restricted funds £ 128,843 - - - - 128,843 28,214 302 308 428 5,046 1,168 15,120 1,676 290 1,444 239 2,784 1,680 449 - 368 408 59,924 68,919 23,312 92,231 |
2025 Total funds £ 132,645 38,980 1,951 22,434 992 197,002 68,086 302 368 1,693 6,685 3,466 15,120 1,910 315 1,597 528 2,784 1,680 814 7,406 3,354 2,208 118,316 78,686 87,324 166,010 |
2024 Total funds £ 67,574 25,984 1,315 23,319 - 118,192 61,470 556 291 1,718 6,451 1,730 15,750 1,676 34 4,899 4,266 1,869 1,764 2,490 7,406 12,576 - 124,946 (6,754) 94,078 87,324 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Streetbikes
Balance sheet
| as at 31 March 2025 2025 Unrestricted £ Fixed assets Tangible assets (5) 4,323 Total fixed assets 4,323 Current assets Debtors and prepayments (6) 939 Cash at bank and in hand (7) 70,748 Total current assets 71,687 Current liabilities: amounts falling due within one year Creditors and accruals (8) 2,231 Total current liabilities 2,231 Net current assets 69,456 Net assets 73,779 Funds Unrestricted funds 73,779 Restricted funds - Total funds 73,779 |
2025 Restricted £ - - 6,000 86,231 92,231 - - 92,231 92,231 - 92,231 92,231 |
2025 Total £ 4,323 4,323 6,939 156,979 163,918 2,231 2,231 161,687 166,010 73,779 92,231 166,010 |
2024 Total £ 11,729 11,729 542 77,089 77,631 2,036 2,036 75,595 87,324 64,012 23,312 87,324 |
|---|---|---|---|
For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on …………..……...…….
Signed: ……………...………….…. (Trustee)
Name: ……………..…..………….
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Streetbikes Notes to the accounts for the year ended 31 March 2025
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Donated goods for resale are valued at the amount actually realised upon their sale.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Tools and equipment: 20% straight line basis Motor vehicles: over 5 years straight line basis Computer equipment: 20% straight line basis Bikes: over 3 years straight line basis
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Leases
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
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Streetbikes
Notes to the accounts continued
for the year ended 31 March 2025
| 2 Grants and donations Barchester Healthcare British Cycling Co-op Local Community Fund Garfield Weston Foundation JD Foundation National Lottery Community Fund One Community Foundation The Charles and Elsie Sykes Trust West Yorkshire Combined Authority (WYCA) Baily Thomas Charitable Fund H D H Wills 1965 Charitable Trust Kirklees Council Sport England The Brelms Trust The Wakeham Trust West Riding Masonic Charities Limited Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2025 Unrestricted funds £ - - - - - - - - - - - - - - - - 3,802 3,802 |
2025 Restricted funds £ 1,000 2,000 500 10,000 2,500 60,142 1,500 2,500 48,701 - - - - - - - - 128,843 |
2025 Total funds £ 1,000 2,000 500 10,000 2,500 60,142 1,500 2,500 48,701 - - - - - - - 3,802 132,645 2025 £ 66,639 4,549 (3,760) 658 68,086 |
2024 Total funds £ - 250 - - - 29,379 1,000 - - 4,000 1,000 5,000 6,570 5,000 1,800 2,675 10,900 67,574 2024 £ 60,815 2,849 (2,849) 655 61,470 |
|---|---|---|---|---|
The average number of employees during the year was 5.1, being an average of 2.6 full time equivalent (2024: 5.4, 2.4 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Costs of the scheme to the charity for the year | 658 | 655 |
| Amount of any contributions outstanding at the year end | - | 138 |
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Streetbikes
Notes to the accounts continued
for the year ended 31 March 2025
| 4 Restricted funds WYCAS - Active Travel Hub Barchester Health National Lottery British Cycling Brelms Trust Charles and Elsie Sykes Co-op Local Community fund Garfield Weston JD Foundation One Community Foundation |
Balance b/f £ - - 19,692 - 3,620 - - - - - 23,312 |
Incoming £ 48,701 1,000 60,142 2,000 - 2,500 500 10,000 2,500 1,500 128,843 |
Outgoing £ - - 44,732 2,000 3,620 2,500 - 3,072 2,500 1,500 59,924 |
Transfers £ - - - - - - - - - - - |
Balance c/f £ 48,701 1,000 35,102 - - - 500 6,928 - - 92,231 |
|---|---|---|---|---|---|
Fund name
WYCAS - Active Travel Hub
Barchester Health National Lottery British Cycling Brelms Trust Charles and Elsie Sykes Co-op Local Community fund Garfield Weston JD Foundation One Community Foundation
Purpose of restriction
To create a resource centre and focal point for promoting and increasing active travel within the Spen Valley and Liversedge area. Towards purchasing a new tandem bike. To deliver mixed ability and other sessions. Towards bike rides. Towards rental costs of workshops & offices. To pay for bike parts.
Towards our annual free children's Christmas bike giveaway. Towards mixed ability cycling sessions To assist with Christmas bike giveaway.
To assist with rent costs as part of the Asylum seeker bike giveaway.
| Tangible assets Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
£ 29,764 - 29,764 19,619 5,822 25,441 4,323 10,145 Bikes |
£ 4,154 - 4,154 4,154 - 4,154 - - Computer equipment |
£ 9,219 - 9,219 7,635 1,584 9,219 - 1,584 Tools and equipment |
£ 8,000 - 8,000 8,000 - 8,000 - - Motor vehicles |
Total £ 51,137 - 51,137 39,408 7,406 46,814 4,323 11,729 |
|---|---|---|---|---|---|
5 Tangible assets
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Streetbikes
Notes to the accounts continued
for the year ended 31 March 2025
| 6 Debtors and prepayments Prepayments Other debtors 7 Cash at bank and in hand Cash at bank Cash in hand 8 Creditors and accruals Creditors Accruals Taxation and social security |
2025 £ 6,608 331 6,939 2025 £ 156,791 188 156,979 2025 £ - 1,680 551 2,231 |
2024 £ 542 - 542 2024 £ 77,048 41 77,089 2024 £ 138 1,832 66 2,036 |
|---|---|---|
9 Related party transactions
Donations from trustees and related parties
The total aggregate value of unconditional donations to the charity from the trustees or related parties was £nil (2024: £1,470).
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
Remuneration and benefits received by key management personnel
The total employee benefits received by key management personnel were £24,377 (previous year: £24,254).
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Streetbikes
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2025
| 2025 2024 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 3,802 13,575 Sales and fees 38,980 25,984 Other income 1,951 1,315 Subscriptions 22,434 23,319 Interest received 992 - Total income 68,159 64,193 Expenditure Salaries NI and pensions 39,872 48,622 Payroll charges - 556 Travel and subsistence 60 287 Volunteer expenses 1,265 1,628 Equipment and materials 1,639 1,548 Vehicle running costs 2,298 1,524 Rent - 2,429 Phone and internet 234 846 Stationery, printing and consumables 25 34 IT and computer costs 153 1,101 Website, marketing and publicity 289 4,266 Insurances - 1,869 Independent examination - 1,764 Other running costs 365 1,322 Depreciation 7,406 7,406 Freelance costs 2,986 12,576 Staff training and welfare 1,800 - Total expenditure 58,392 87,778 Net income / (expenditure) 9,767 (23,585) Transfers between funds - 5,292 Net movement in funds 9,767 (18,293) Fund balances brought forward 64,012 82,305 Fund balances carried forward 73,779 64,012 |
2025 Restricted funds £ 128,843 - - - - 128,843 28,214 302 308 428 5,046 1,168 15,120 1,676 290 1,444 239 2,784 1,680 449 - 368 408 59,924 68,919 - 68,919 23,312 92,231 |
2024 Restricted funds £ 53,999 - - - - 53,999 12,848 - 4 90 4,903 206 13,321 830 - 3,798 - - - 1,168 - - - 37,168 16,831 (5,292) 11,539 11,773 23,312 |
2025 Total funds £ 132,645 38,980 1,951 22,434 992 197,002 68,086 302 368 1,693 6,685 3,466 15,120 1,910 315 1,597 528 2,784 1,680 814 7,406 3,354 2,208 118,316 78,686 - 78,686 87,324 166,010 |
2024 Total funds £ 67,574 25,984 1,315 23,319 - 118,192 61,470 556 291 1,718 6,451 1,730 15,750 1,676 34 4,899 4,266 1,869 1,764 2,490 7,406 12,576 - 124,946 (6,754) - (6,754) 94,078 87,324 |
|---|---|---|---|---|
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