CBA .EprAce5LiYi Annual Report and Accounts Friends of PEDALL For the year ended 31 December 2025 Prepared by CBA Senfices Limited CBA Contents Reference and Administrative Detsils Trustees, Report Independent Examiner'5 Report to the trustees of Friends of PEDALL Receipts and Payment5 io ststement of Assets and Liabilities 11 Note5 to the Financial Staternents 13 Analysis of Charity Funds Annual ReportindAccounts Page 20114 CBA scrit8slkn￿￿d Reference and Administrative Details Friends of PEDALL For the year ended 31 December 2025 Registered Charity Number 1177795 Company Registration Number CE013700 Trustees ViliameTubailagi Nanovo Johanna Haller Bolhoven (appointed 19 February 20251 GeoffreyAlistair Newman (resigned 21 October20251 Darren Richard Hutchins (appointed 5 December 20251 Robin Givens lappointed 14 May 20261 Caroline Powell Joe Reilly (appointed 9 July 20251 Dr Emrna Street Vanessa Targett Richard John Taylor Stephen David Trow (resigned 21 October 20251 Michael John Wilson Principal Address New Forest N8tion81 Park Authority, Town Hall, Avenue Road, Lymington, Hampshire, United Kingdom, S0419ZG Bankers Lloyds Bank Chelmsford Legg St Osc l Legg Street Chelm51ord Essex CMI IJS Advisers CBA Services Limited 45 East Street. Blandford Forurn, Dorset, DTII 7DX Annual ReportandAccounts Page 30114 CBA scrit8slkn￿￿d Trustees, Report Friends of PEDALL For the year ended 31 December 2025 The trustees, presentthe annual reporttogetherwith the financial statement5 of the charityfortheyearended 31 December 2025. Objective5 and Activities Purpose The promotion ol community participation in healthy outdoor recreation bythe provision ol facilities lorcycling. Activities PEDALL provides cycling sessions for peoplewho face a barrier to accessing cycling on the New Forest off road cycle network. A barrier is anythingthat prevents someone from being able to cycle without addition81 support, it includes.. Age Economic, cultural and social challenges Health issues Mobility issues Special educational needs Anything else that prevent5 someone Irotn beingableto cycle Public Benefit The trustees confirm thatthey have complied with the requirements of section 4 of the CharitiesAct 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Policyon Grant Making Friends of PEDALL primarily make grants to support the operatingcosts of the PEDALL project alongwith grants for the purchase ol bicycles and equipment. Volunteers The compassionate and deditatÈd PEDALL volunteeringteam are critical to the projectand gave 6,ILO hours of volunteering time in 20251940 volunteering days 016.5 hoursl. Volunteers provide ride assistance, social engagement, health and safety monitoring and mechanical support. Our volunteering team p3rticip3ted in accredited Ride Leader, Bike Mechanics, Safeguarding and Outdoor First-Aid training, further strengthening their individual skills and the PEDALL project. Achievements and Performance PEDALL improved the health and wellbeing of a record number of participants in 2025. We helped tackle social isolation, enabled connection with nature and access to the New Forest National Park lor a communityol children and adults with additional needs, their carer5 and farnilies. PEDALL gained momentum in 2025 with an annu31 increase in rides of 269b to a total of 6,854 rides delivered during590+ sessions, exceedingtargets set bythe PEDALL Project Board. This growth has been driven by new groupsjoining sessions at our PEDALL Community Hub, Ashurst base Ilaunched in 20231. We have also experienced many regular rider5 cycling through the winter month5. increasing our rides delivered. Annual ReportandAccounts Page40114 CBA scrit8slkn￿￿d We added new specialist bike5 to ourfleet. including power a5515ted trikes and mountain e-bikes. Our extensive specialistfleet of cycles, many of which are power assisted, enable PEDALL to support people with a more diverse range of visible and hidden disabilities. In addition to our inclusive rides, we worked with local schools and colleges in 2025 to support students with Special Educational Needs. offering work experience and delivering a bicycle skills course, running oversix weeks. PEDALL proudly worked with over40 organisations in 2025 includingschools, colleges, charities and residential care providers, daycare service5, further extending ourcommunity network throughout the New Forest and surrounding areas. Wewere delighted to welcometwo new team members to Pedall, whojoined our'supported pathway, program, providing p3rt-time employment to peoplewith lived experience. This program aimsto increase confidence, skills and employability and give people with'lived experience, the opportunity to steer and develop our project. We attended the New Forest Show in July, where we facilitated over780 rides on a short forest track expandingour community awareness and fundraising lorthe project. We also held a fundraising, celebratory event, Passthe Pedall, in September, duringwhich we cycled a collective distsnce of Lands End to John O'Groats, 31ongside ourvolunteers 8nd regular riders to raise money and drive 8w3reness. The event was well attended, successfully met our targets. including £10,000 fundraising target and trulycaptured the spiritol PEDALL and our community of supporters. We look forward to Pass the Ped3112026. Friend5 of PEDALL'5 Strategic plan sets out the charity's n115sion and agenda fordelivery. in partnership with the New Forest National Park Authority, over five years from 2024 to 2028. This plan confirms thatthe charitywill deliver against three prioritised areas of work.. fundraising,. achieving resilience and sustainability. and practical project support. Fundraising presents a particularfocus. as the Ped311 project re-balances its fundraising over the plan period from predominantly National Lottery Cornmunity Fund supportto a range of other source5. while Seeking to raise more than £150,000 by end of 2028. During 2025 the charity also made good progress on its ambition to improve its resiliellce and sustainability and to bolster its 5ki115 base by appointing one additional trustee who is keen to 5UPPOrt our local cornmunityfundraising. Perfomian¢e of fundralslng a¢tSvltle$ agaSnst obJe¢tlves set Following oursuccessful five-yeargrant award from National Lottery Comrnunity Fund starting in early 2024, we met our rnatch funding target5 Wlth further generous lundingvia the New Forest National Park Authority. frotn South Western Railway, which has been instrumental in establishing oursecond base at Ashurst, and from DEFRA, which funded our new specialist cycles. In addition, Friend5 of PEDALL received generou5 donations from local trusts, community group5 and busine55e5 includingJ P Morgan and Chase the Sun. In 2026 Friend5 of PEDALLwill focu5 on match funding, seeking revenue grants and increasing local bu5ines5es 5UPPOrt, with 'Pass the PÈdall 2026, being a focal fundraising event series. The Pedall New Forest 100 mile cycle challenge is set to tske place in June, duringwhich time our volunteers will complete a ride to raise awareness and community donations. Annual ReportandAccounts Page 50114 CBA scrit8slkn￿￿d Financial Review Financial Position The charity made a surplu5 01 £45,869 during the financial year. Along with previousyears, 5urpluse5 we now have £16,917 in Restricted Funds and £136,610 in unrestricted funds. 90% of these unrestricted funds are committed to support the future operatingcosts of the PEDALL Project over the remaining period 2026-2028 ofthe five-year grant award from N3tion31 Lottery Community Fund which cornrnenced in early 2024. This is in line with our rese￿e5 policy below. Policyon Resetves The trustees have reviewed the future direct liabilities olthe charity and concluded that there is no need to hold any formal reserves. However, 90% of any unrestricted funds held will be design3ted as future PEDALL Project operating costs to provide the match funding required by the National Lottery Community Fund grant. Going Contem There are no funds materially in deficit. Risks The main risks to the charity have been partially mitigated by the successful recruitment of new trustees and obtainingthe five year matched funding agreement from the National Lottery IFebruary 2024- February 20291. However, for the project to be Sustainable over that period Friends ol PEDALL will need to raise significant grantsto match the Lottery funding and will prioritise new Strategic revenue funding partners to replace Lottery Community Funding a5 the current grant ends in February 2029. Annual ReportandAccounts Page 60114 CBA scrit8slkn￿￿d Structure. Governance and Management Governing Document CIO- registered 3 April 2018 Constitution Charitable Incorporated Organisation Trustees In Qctober2025 Geoff Newman retl￿d as Friend of Pedall Treasurer and Caroline Powell was elected tothe role. In 2025 3dditional trustees were appointed.. Johanna Bolhoven appointed 19th February, Joe Reilly appointed 9th July and Darren Hutchins appointed 5th December. Declaration The trustees declare that they have approved the trustees, report above. Slgned on behalf C*f the ¢harlty'$tru$tee$ V NakYOVO V Nanovo (Jul 29, 2026 09'.51..08 GMT+1) Vili3rne Nanovo Chairman Date.............................................................. Statement of Trustees, Responsibilities The trustees are responsible lor preparing the trustees. report and accounts in accordance with applicable laws and regulations. In addition the trustees are responsible lor keeping proper 3ccounting records which are sufficientto Show and explain the charity's transactions and to disclose with reasonable accuracy at anytime the financial p051tion olthe charity. The are also responsible forsafeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Annual ReportandAccounts Page 70114 C Cha C Chapman pman (Sep 4, 2026 12:25:12 GMT+1) CBA scrit8slkn￿￿d Receipts and Payments Friends of PEDALL For the year ended 31 December 2025 NOTES 2015.. UNRESTRICTED 1025.. RESTRICTED 2025..TOTAL 2024.. TOTAL Receipts Voluntary Receipt5 Investments 25,179 SOD 25,679 32,163 1,704 1,704 405 Ride Income 20,166 20,166 9,957 SubTotal 47,049 5L¥) 47y9 42.525 Total Receipts 47,049 500 47y9 42,525 Pa ments Audit&Accountancyfees Insurance 750 750 501 654 654 IT Soliware and Consumables 230 230 156 Leg31 Expenses & Professional Donations Refunded 45 45 330 SybTotal 1,679 1,679 997 Asset and Investment Purchases A55et5 Purchased 1,266 SubTotal 1,266 Total Payments 1,679 1,679 2,263 Transfer between Funds Tran5ferbetween funds 17,B26 Net of Receiptsllpaymentsl 63,195 117,3261 45.869 40.262 NOTES 2025.. UNRESTRICTED 2025.. RESTRICTED 2025".TOTAL 2024.. TOTAL Funds of The Charit Cash Fund5 Last Period End 73,415 34,243 107,658 67?96 Cash FundsThis Period End 136,610 16,91T 153,527 107,658 Basis of Preparation The accounts have been compiled on the reciepts and payments basis in accordance with the Charities Act2011. Annual Report3ndAccounts Page 90114 CBA scrit8slkn￿￿d Statement of Assets and Liabilities Friends of PEDALL As at 31 December 2025 NOTES 31 DEC2025 31 DEC2024 Cash Funds CurrentAccount 71,419 27,253 Deposii Account Total Cash Funds 82,108 80,405 153,527 107.658 Total NetAssetsllLiabilitiesl 153527 107.658 Funds of the Charit Funds Lasr Period End 107,658 67,396 Netof ReceiptsllPaymentsl Total Funds tsftheChaTity 45,869 40,262 Is3￿27 107.658 Approval Signed on behalf of all the trustees V N6ZHOWO V Nanovo (Jul 29, 2026 09 51.'08 GMT+11 Viliame Nanovo Chairman Date............................................... Annual Report3ndAccounts Page 100114 CBA scrit8slkn￿￿d Notes to the Financial Statements Friends of PEDALL For the year ended 31 December 2025 Basis of accounting These accounts have been compiled on the receipts and payments basis in accordance with the CharitiesAct 2011. 2025 2024 l.Anal sis of income Voluntary Receipts 25,679 32,163 20,166 9,957 Investments 1,704 405 TotalAnalysisof income 47￿49 42.525 £47,04912024.. £31,6851 of the above income was attributable to unrestricted funds and £50012024.. £10.8401 was attributable to restricted funds. 2025 2024 2. Anal sis of ments Charitsble activities Assets Purchased 1,266 Audit&Accountancy fee5 Donations Refunded 750 501 330 Insurance 654 IT Software and Consumable5 230 166 Legal Expenses & Professional Total Charitableactivities 45 1,679 2,263 TotalAnalysi50f payment5 1,679 2.263 £1.67912024-. £2,263) ofthe above expenditure was attributable to unrestricted funds and £nil12024.. £nill was attributable to restricted funds. 2025 2024 3. Details of certain items of ex Independentexaminer's fees Accountancy and otherseyvices Total Detai15 ofcertain item5 ofexpendituTe enditure 1,025 667 1.025 667 2025 2024 4. Cash at bank and in hand CurrentA(count 71,419 27,253 Deposit Account Total Cèsh at bank and in hand 82,108 80,405 153,527 107,658 Annual Report3ndAccounts Page 110114 CBA scrit8slkn￿￿d 5. Charity funds An an31ysis ofcharity funds is set out in a separate statement on pages 13 to 14. 6. Transartions 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 ora related entity. No trustee expenses have been incurred. Annual ReportandAccounts Page 120114 CBA scrit8slkn￿￿d Analysis of Charity Funds Friends of PEDALL For the year ended 31 December 2025 Representation of funds In both years. all fund balances shown belowwere fully represented by cash held at bank at the ￿sPeCtive reporting dates. l January 2025 to 31 December 2025 OPENING INCOME EKPENDITURE TRANSFERS CL0S1NG Funds Unrestrictedfunds General Total UnrestrScted funds 73,415 73,415 47,049 47,049 11,6801 11,6801 17,826 17A26 136,610 136,610 Restricted fund5 BurleyY3rd Bench National Lottery PeierHarrison Foundation 500 3,403 3,403 20,000 114,5761 5,424 JP Morgan Chase Hendy Found8¢ion 4,310 4?10 3,280 3,280 2,250 2,2501 Chase The Sun Total RestrScted funds I,ooo 34,243 500 117,8261 16,917 Total Funds 107,658 47,S49 11,6801 IS3,527 Postyear-end payment A payment of £17.T09 relating to C05t5 incurred in delivering projects funded through restricted grants was made to the New Forest National Park in January 2026, after the financial yearend 0131 December2025, and 15 therefore not included within the receipts and payments for the period. Ofthis amount £16,917 was paid from restricted funds and £792 from unrestricted funds. Annual Report3ndAccounts Page 130114 CBA scrit8slkn￿￿d l January 2024 to 31 Dècember 2024 OPENING INCOME EXPENDITVRE TRANSFERS CLOSING Funds Unrestricted fund5 General 43.993 43,993 31.685 31,685 73,415 73.415 Total Unrestricted lunds 122631 Restricted funds 3,403 3,403 PeterHarrison Foundation 20,000 20,0 JP Morgan Chase Hendy Foundaiion 4,310 4210 3,280 3,280 2,250 2,250 Chase The Sun Total Restrlcted funds 1,000 10,840 1,000 34,243 23,403 Total Funds 67,396 42,$25 122631 107,658 Annual ReportandAccounts Page 140114