## **Annual Report and Accounts** Friends of Pedall For the year ended 31 December 2022 Prepared by CBA Services Limited ## **Contents** - **3** Reference and Administrative Details - **4** Trustees' Report - **6** Accountants' Report - **7** Receipts and Payments - **8** Statement of Assets and Liabilities - **9** Notes to the Financial Statements Friends of Pedall Page 2 of 10 Annual Report and Accounts ## **Reference and Administrative Details** **Friends of Pedall For the year ended 31 December 2022** ## **Registered Charity Number** 1177795 ## **Company Registration Number** CE013700 ## **Trustees** Martin Blunt Lucy Beck Dr Emma Street (appointed 7 September 2023) Vanessa Targett (appointed 21 August 2023) Geoffrey Alistair Newman (appointed 17 May 2023) Richard John Taylor (appointed 22 April 2023) Stephen David Trow (appointed 12 December 2022) Viliame Tubailagi Nanovo (appointed 8 February 2022) Andrew Gawin Warby (resigned 31 August 2023) David Harrison (resigned 12 December 2022) ## **Principal Address** New Forest National Park Authority, Town Hall, Avenue Road, Lymington, Hampshire, United Kingdom, SO41 9ZG ## **Bankers** Lloyds Bank Chelmsford Legg St Osc 1 Legg Street Chelmsford Essex CM1 1JS ## **Advisers** CBA Services Limited 45 East Street, Blandford Forum, Dorset, DT11 7DX Friends of Pedall Page 3 of 10 Annual Report and Accounts ## **Trustees' Report** ## **Friends of Pedall For the year ended 31 December 2022** ## **Objectives and Activities** ## **Purpose** The promotion of community participation in healthy outdoor recreation by the provision of facilities for cycling. ## **Activities** PEDALL provides cycling sessions for people who face a barrier to accessing cycling on the New Forest off road cycle network. A barrier is anything that prevents someone from being able to cycle without additional support, it includes: - Age - Economic, cultural and social challenges - Health issues - Mobility issues - Physical and intellectual disabilities - Special educational needs - Anything else that prevents someone from being able to cycle ## **Public Benefit** The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Financial Review** ## **Financial Position** At the end of this period, having secured increased funds from grant making bodies (National Lottery) the charity is in a stable position able to sustain operations. As we look ahead to the next period, we intend to become much clearer and better structured in pursuing funding from a range of sources such as private & public grant making organisations and commercial sponsorship. This approach will be an important component to preparing our submission to the National Lottery Communities Fund, at the end of 2023, for a multi-year block grant to sustain operations from 2024 onwards. ## **Going Concern** There are no funds materially in deficit. ## **Risks** While we do not foresee any material risks to the financial stability of the charity in the coming year (2023), we are clear on the need to secure a multi-year block grant from the National Lottery Communities Fund again to sustain operations from 2024 onwards. Our assessment is that we would be asked for our next submission to the National Lottery to demonstrate greater self-sustainment through a broader range of funding sources with tapered reliance upon the National Lottery over the next grant period. We are confident that a realistic submission will be generated to underpin the charity’s future. Friends of Pedall Page 4 of 10 Annual Report and Accounts Trustees' Report ## **Structure, Governance and Management** ## **Governing Document** CIO - registered 3 April 2018 ## **Constitution** Charitable Incorporated Organisation ## **Trustees** During 2023, Trustees made several changes to the governance arrangements for the charity which will be detailed in full in its Annual Report and Accounts for the year ended 31st December 2023. Items of particular note were: Changes to its governing document (new version registered with the Charity Commission on 19th July 2023). One trustee, Andy Gawin Warby, stood down on 31 August 2023. Four new trustees were appointed: Richard Taylor (appointed 22 April 2023); Geoffrey Newman (appointed 17 May 2023); Vanessa Targett (appointed 21 August 2023) and Dr Emma Street (appointed 7 September 2023). ## **Declaration** The trustees declare that they have approved the trustees' report above. ## **Signed on behalf of the charity's trustees** ....................................................................... Viliame Nanovo Chairman Date.............................................................. ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the trustees' report and accounts in accordance with applicable laws and regulations. In addition the trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the charity. The 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. Friends of Pedall Page 5 of 10 Annual Report and Accounts ## **Accountants' Report** ## **Friends of Pedall** ## **For the year ended 31 December 2022** In accordance with our terms of engagement dated 4 November 2021, we have prepared for your approval the financial information of Friends of Pedall for the period ended 31 December 2022 from the entity's accounting records and from information and explanations you have given us. This report is made solely to you, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial information of Friends of Pedall and state those matters that we have agreed to state to you in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you for our work or for this report. You have approved the financial information for the period ended 31 December 2022 and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation. We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial accounts. Signature......................................... CBA Services Limited 45 East Street, Blandford Forum, Dorset, DT11 7DX Date................................................ Friends of Pedall Page 6 of 10 Annual Report and Accounts ## **Receipts and Payments** ## **Friends of Pedall** ## **For the year ended 31 December 2022** ||**NOTES**|**2022:**
**UNRESTRICTED**|**2022:**
**RESTRICTED**|**2022: TOTAL**|**2021: TOTAL**| |---|---|---|---|---|---| |**Receipts**|||||| |Donations and legacies||14,254|52,344|66,597|22,441| |**Sub Total**||**14,254**|**52,344**|**66,597**|**22,441**| |**Total Receipts**||**14,254**|**52,344**|**66,597**|**22,441**| |**Payments**|||||| |Audit & Accountancy fees||424|-|424|-| |Charitable Activities||-|5,227|5,227|17,438| |IT Software and Consumables||50|-|50|-| |**Sub Total**||**475**|**5,227**|**5,702**|**17,438**| |**Asset and Investment Purchases**|||||| |Assets Purchased||-|43,714|43,714|-| |**Sub Total**||**-**|**43,714**|**43,714**|**-**| |**Total Payments**||**475**|**48,941**|**49,415**|**17,438**| |**Net of Receipts/(Payments)**||**13,779**|**3,403**|**17,182**|**5,003**| ||**NOTES**|**2022:**
**UNRESTRICTED**|**2022:**
**RESTRICTED**|**2022: TOTAL**|**2021: TOTAL**| |**Funds of The Charity**|||||| |Cash Funds Last Period End||22,802|-|22,802|17,799| |Cash Funds This Period End||36,581|3,403|39,984|22,802| ## **Basis of Preparation** The accounts have been compiled on the reciepts and payments basis in accordance with the Charities Act 2011. Friends of Pedall Page 7 of 10 Annual Report and Accounts ## **Statement of Assets and Liabilities** ## **Friends of Pedall** ## **As at 31 December 2022** |**Statement of Assets and**
**Friends of Pedall**
**As at 31 December 2022**|**Liabilities**||| |---|---|---|---| ||**NOTES**|**31 DEC 2022**|**31 DEC 2021**| |**Cash Funds**|||| |Friends of Pedall||39,984|22,802| |**Total Cash Funds**||**39,984**|**22,802**| |**Total Net Assets/(Liabilities)**||**39,984**|**22,802**| |**Funds of the Charity**|||| |Funds Last Period End||22,802|17,799| |Net of Receipts/(Payments)||17,182|5,003| |**Total Funds of the Charity**||**39,984**|**22,802**| ## **Approval** Signed on behalf of all the trustees ....................................................... Viliame Nanovo Chairman Date............................................... Friends of Pedall Page 8 of 10 Annual Report and Accounts ## **Notes to the Financial Statements** ## **Friends of Pedall** ## **For the year ended 31 December 2022** ## **Basis of accounting** These accounts have been compiled on the receipts and payments basis in accordance with the Charities Act 2011. |**2022**
**2021**|**2022**
**2021**| |---|---| |**1. Analysis of income**|| ||**Donations and legacies**| ||Donations and gifts
66,597
22,441| ||**Total Donations and legacies**
**66,597**
**22,441**| ||**Total Analysis of income**
**66,597**
**22,441**| £14,253 (2021: £5,003) of the above income was attributable to unrestricted funds and £52,344 (2021: £17,438) was attributable to restricted funds. |**2022**
**2021**|**2022**
**2021**| |---|---| |**2. Analysis of payments**|| ||**Charitable activities**| ||Assets Purchased
43,714
-| ||Audit & Accountancy fees
424
-| ||Charitable Activities
5,227
17,438| ||IT Software and Consumables
50
-| ||**Total Charitable activities**
**49,415**
**17,438**| ||**Total Analysis of payments**
**49,415**
**17,438**| £474 (2021: £nil) of the above expenditure was attributable to unrestricted funds and £48,941 (2021: £17,438) was attributable to restricted funds. ||**2022**|**2021**| |---|---|---| |**3. Details of certain items of expenditure**||| |Independent examiner's fees|-|-| |Accountancy and other services|475|-| |**Total Details of certain items of expenditure**|**475**|**-**| ||**2022**|**2021**| |---|---|---| |**4. Cash at bankand in hand**||| |Current Account|39,984|22,802| |**Total Cash at bank and in hand**|**39,984**|**22,802**| Friends of Pedall Page 9 of 10 Annual Report and Accounts Notes to the Financial Statements ## **5. Charity funds** ||**Balance at 1**
**January 2022**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Balance at 31**
**December 2022**
**£**| |---|---|---|---|---|---| |**Unrestricted funds**|||||| |General|22,802|14,253|(474)||36,581| |Total|22,802|14,253|(474)||36,581| |**Restricted funds**|||||| |British Cycling|-|7,919|(7,919)||-| |National Lottery|-|44,425|(41,022)||3,403| |Total|-|52,344|(48,941)||3,403| |**Total funds**|22,802|66,597|(49,415)||39,984| ||||||| ||**Balance at 1**
**January 2021**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Balance at 31**
**December 2021**
**£**| |**Unrestricted funds**|||||| |General|17,799|5,003|-||22,802| |Total|17,799|5,003|-||22,802| |**Restricted funds**|||||| |British Cycling|-|17,438|(17,438)||-| |Total|-|17,438|(17,438)||-| |**Total funds**|17,799|22,441|(17,438)||22,802| ||**2022**|**2021**| |---|---|---| |**6. Analysis of net assets between funds**||| |Current assets|39,984|22,802| |**Total Analysis of net assets between funds**|**39,984**|**22,802**| ## **7. Transactions with trustees and related parties** None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity. No trustee expenses have been incurred. Friends of Pedall Page 10 of 10 Annual Report and Accounts