2025-07-31-accounts - Capital Of Cycling

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Capital of Cycling

Charity number 1179161

Annual Report and Financial Statements

for the year ended 31 July 2025

Capital of Cycling

Annual Report and Financial Statements

for the year ended 31 July 2025

Contents	Page
Trustees' report	2 to 6
Examiner's report	7
Receipts and payments account	8
Statement of assets and liabilities	9
Notes to the accounts	10 to 12

Prepared by West Yorkshire Community Accountancy Service CIO

Capital of Cycling

Trustees' report for the year ended 31 July 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

Position Dates Dr Adam Tasker Chair Lynette Evans Imran Hussain Jaeesha Ali Appointed 1 October 2024 Charity number 1179161 Registered in England and Wales

Charity number

Registered and principal address Bankers 9 Chatham Street Yorkshire Bank plc Bradford 14 Broadway BD3 0JG Bradford BD1 1EZ

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 Charitable Incorporated Organisation (CIO) foundation formed on 11 July 2018.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed by a resolution at a properly convened meeting of the charity's trustees.

Capital of Cycling

Trustees' report (continued) for the year ended 31 July 2025

Objectives and activities

The charity's objects

To promote community participation in healthy recreation for the benefit of the public by the provision of cycling activities and facilities.

To advance amateur sport for the public benefit by providing facilities and support for cycling such as through cycling training and cycle maintenance to make bicycles safe to ride.

To develop the capacity and skills of the members of the socially and economically disadvantaged community of Bradford in such a way that they are better able to identify and help meet their needs, and to participate more fully in society, through group activities, volunteering and training in cycling and cycle maintenance.

To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment by promoting cycling and active travel activities and infrastructure as alternatives to fossil fuel-based modes.

The charity's main activities

We provide a range of services to the public in the hope of encouraging cycling activity for wellbeing and to meet social needs such as alleviating transport poverty.

We run learn to ride sessions and support a range of other organisations in helping people cycle including disability cycling, youth groups and recovery groups.

We run a community-cycling hub which contains fleets of bikes, houses a workshop, bike recycling project and hosts events and engagement projects.

Public benefit statement

The trustees continuously review the activities of Capital of Cycling against its charitable objectives. The Board is satisfied that all activities are related to these objectives. No specific issues to the detriment of these objectives have been identified.

The trustees have referred to the guidance provided by the Charity Commission for England and Wales. This guidance explains how a charity should demonstrate a link between its charitable aims and the benefits it provides to the public. The trustees have considered this guidance when discussing the development of future plans.

The Board can demonstrate that promoting cycling for individuals, groups and communities contributes to the conservation and protection of the environment, the health and safety of the public, community participation in healthy recreation and amateur sports and social welfare. It provides a programme of education to support these activities.

Through a range of public engagement activities and services Capital of Cycling develops the capacity and skills of the members of the socially and economically disadvantaged community of Bradford in such a way that they are better able to identify and help meet their needs, and to participate more fully in society, through group activities, volunteering and training in cycling and cycle maintenance.

Achievements and performance

During the year, Capital of Cycling has delivered a wide range of funded projects and community initiatives, many of which were completed within the financial year. These programmes have supported thousands of residents across Bradford District, improving access to cycling, building community capacity and contributing to wider goals of health, inclusion, and sustainability.

Capital of Cycling

Trustees' report (continued) for the year ended 31 July 2025

Achievements and performance continued

Grant Funded Projects

Active Travel Training (ACTIVE T, £10,000)

l Funded by the Active Travel Social Prescribing Team, this project provided community mechanic services to support local active travel initiatives. Beneficiaries included Keighley Youth Focus, Bradford Moor PASS, and West Bowling Advice Centre, who received staff support, volunteer training and resources to sustain their cycling activities.

Big Bike Revival 2024 (BBR 24)

l Delivered 10 public engagement events in community settings, offering free bike repairs, family rides and encouragement activities. These events reached hundreds of residents, helping families to access affordable, sustainable transport.

Big Bike Revival 2025 (BBR 25)

l Extended the above model with additional outputs, including the production of a Bradford District Cycling Directory and significant support for a mass ride event at Lister Park, co organised with Bradford Council.

Climate K (CLIMATE K)

l Supported by the Mayor’s Climate Grant (Keighley Area Office), this project developed a network of community organisations and venues in Keighley with capacity for active travel. Activities included identifying ride routes, creating bike storage and workshop spaces, and linking with the Active Travel Social Prescribing team and WYCA’s cycle training programme to create transition pathways.

Culture – On Yer Bike (CULTURE)

l As part of Bradford 2025 City of Culture, and supported by GiveBradford, we worked with creative producers HATCH to deliver On Yer Bike. This project celebrated Bradford’s diverse cycling cultures through exhibitions at Lister Park’s Beacon venue and creative workshops in textiles, sound and design. It highlighted cycling as both cultural expression and community connection, engaging residents of all ages and backgrounds.

InCommunities Grant (INCOMM25)

l A small but valuable grant that supported our role within a network of community centres, enabling us to contribute to wider community benefit activities.

Keighley Active Travel Hub (K HUB, £50,000)

l Launched in January 2025 following staff recruitment in December 2024, this project established Keighley Active Travel Services (KATS). In partnership with Keighley Youth Focus, Bradford Council’s Active Travel Social Prescribing Team, and others, KATS delivered cycle training, confidence building sessions and maintenance support. The project promotes everyday cycling and walking as accessible, sustainable choices, improving wellbeing and reducing car dependency.

Reaching Communities (REACH COMMS)

l Our five year National Lottery Community Fund programme concluded in March 2025. Over its duration, it supported more than 15 community venues, delivered thousands of participations in lessons, rides, maintenance training and enabled the creation of sustainable hubs such as Shipley Active Travel Hub, West Bowling Advice Centre, Buttershaw and Bradford Moor PASS. It strengthened grassroots organisations through equipment, training and funding, embedding cycling as a tool for health, inclusion and regeneration. The project leaves a strong legacy of community owned hubs, trained volunteers and new partnerships.

Shipley Active Travel Hub (SHIPLEY HUB)

l The funded phase concluded during the year, having successfully established a thriving community resource in partnership with UpCycle (formerly Margaret Carey Foundation). The Hub created a public workshop, bike recycling and loan schemes, adult training and community rides. Although the grant ended, the Hub continues as an independent partnership, with Capital of Cycling still contributing coordination, training and resources. We also continue to fund a part time hub manager from unrestricted income.

Capital of Cycling

Trustees' report (continued) for the year ended 31 July 2025

Achievements and performance continued

Sport England – “I Can’t Believe It’s Buttershaw” (SPORTS ENG2)

l In partnership with Sandale Development Trust and Buttershaw Youth Centre, this project delivered inclusive cycling in one of Bradford’s most disadvantaged neighbourhoods. Over 60 bikes were distributed through “Bike to the Future” sessions, and youth led maintenance and ride clubs were established. Participants included refugees, British Asian families and members of the Traveller community. Activities combined practical cycling with creative engagement such as art and film making. The project has now evolved into Bike Life Buttershaw, a sustainable youth led club with pathways into ride leadership and mechanics training.

Warm Spaces (WARM SPACES)

l Enabled us to open our building as a welcoming place during the colder months, offering warmth, refreshments, and social connection. Weekly community rides from Rawson Road and access to bikes were also provided, supporting residents affected by the cost of living crisis while linking them into wider active travel activities.

Other Achievements

l Refugee and asylum seeker support – Continued “Earn a Bike” and bike gifting programmes, providing refurbished bikes and maintenance skills in partnership with BIASAN and other groups.
l Volunteer development – Trained 15 new volunteers at Bradford Moor PASS, supported youth mechanics training at the Sangat Centre in Keighley and enabled volunteers to lead their own bike kitchens and rides.
l Family cycling and community rides – Organised Play Streets, decorated bike parades and family cycling days across the district, often in partnership with local centres.
l Advocacy and systemic impact – Contributed to Bradford Council’s Climate Action Plan, supported the development of multiple Active Travel Hubs and prepared a district wide cycling programme for Bradford 2025.
l Self generated income and sustainability – Approximately one third of income now comes from training services, tenders, and contracts, strengthening financial resilience. Governance, payroll and staff training systems have been further professionalised.

Impact and Wider Benefits

Across all these activities, Capital of Cycling has:

l Enabled thousands of residents to access affordable, sustainable transport.
l Improved health and wellbeing through active travel.
l Built community capacity by training volunteers and supporting grassroots organisations
l Promoted inclusion by engaging women, young people, refugees and disadvantaged communities.
l Contributed to environmental goals by reducing reliance on cars and embedding cycling in local climate strategies.

Taken together, these achievements demonstrate the charity’s growing role as a catalyst for healthier, greener and more connected communities across Bradford District.

Financial review

The net payments for the year were £25,740, including net payments of £21,308 on unrestricted funds and net payments of £4,432 on restricted funds.

Capital of Cycling

Trustees' report (continued) for the year ended 31 July 2025

Reserves policy

The charity's free reserves, at the year end were £138,209.

The trustees aim to maintain free reserves in unrestricted funds at a level equivalent to approximately six months of charitable expenditure, with a minimum threshold of three months. This level is considered sufficient to ensure that the charity can continue to meet its core commitments, cover governance and support costs, and respond flexibly to opportunities or risks.

During the year, the charity has begun to make use of reserves following the conclusion of the Reaching Communities grant. Nevertheless, reserves remain at a high level, which the trustees consider both prudent and necessary. This position provides stability during a period of transition, enabling the organisation to sustain delivery while diversifying income through commissioned services, particularly cycle and maintenance training under ongoing agreements with the West Yorkshire Combined Authority.

The trustees also note that venue insecurity remains a significant factor, as the current central hub is scheduled for demolition by Bradford Council. A major outlay may therefore be required in the near future, either for new rental commitments or as a deposit and associated costs for the purchase of permanent premises. Maintaining reserves above the six months reserves target is therefore justified to safeguard the charity’s operational continuity and to support strategic investment in long ‑ term accommodation.

This policy will be reviewed in 2025/2026 in light of updated financial forecasts, the outcome of venue planning and the impact of increased staffing costs arising from expanded roles and hours.

Approved by the board of trustees on …………..……...…….

Signed: ………………..…………. (Trustee)

Name: ……………..…..………….

Capital of Cycling

Independent examiner's report to the trustees of Capital of Cycling

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 July 2025, which are set out on pages 8 to 12.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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:

1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records.

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

Capital of Cycling

Receipts and payments account for the year ended 31 July 2025

Notes 2025 Unrestricted funds £ Receipts Grants and donations (2) 74 Sales and fees 410 Bank interest 2,680 Other income 46 Training income 68,240 Total receipts 71,450 Payments Salaries and NI 82,315 Payroll charges 1,225 Teachers and trainers 8,885 Utilities - Repairs and maintenance - Phone and internet - Stationery and office consumables - Insurance - Bike repair costs - Refreshments 138 Independent examination - Advertising 72 Storage containers - Volunteer and staff expenses 13 Bike purchases - Legal and professional fees - Room rental 110 Total payments 92,758 Net receipts / (payments) (21,308) Fund balances brought forward 159,517 Fund balances carried forward (3) 138,209	2025 Restricted funds £ 109,823 - - - - 109,823 71,113 - 11,507 1,706 427 496 798 341 10,843 788 1,122 2,607 3,000 1,259 2,116 5,037 1,095 114,255 (4,432) 46,777 42,345	2025 Total funds £ 109,897 410 2,680 46 68,240 181,273 153,428 1,225 20,392 1,706 427 496 798 341 10,843 926 1,122 2,679 3,000 1,272 2,116 5,037 1,205 207,013 (25,740) 206,294 180,554	2024 Total funds £ 155,624 3,698 5,003 33 63,656 228,014 137,731 1,229 8,409 1,692 419 505 1,696 2,321 3,129 804 936 150 6,064 894 4,230 - - 170,209 57,805 148,489 206,294

Capital of Cycling Statement of assets and liabilities

as at 31 July 2025 2025 Unrestricted £ Cash funds Cash at bank 136,292 Funds held at Bradford CPA 1,917 Total cash funds 138,209 Debtors and prepayments Debtors Assets retained for the charity's own use Electric bikes Electric cargo bikes Hybrid bikes Liabilities Creditors Accruals	2025 Restricted £ 42,345 - 42,345	2025 Total £ 178,637 1,917 180,554 2025 £ 5,805 5,805 2025 £ 920 1,194 2,114	2024 Total £ 206,256 38 206,294

The financial statements were approved by the board of trustees on …………..……...…….

Signed: ……………...………….…. (Trustee)

Name: ……………..…..………….

Capital of Cycling

Notes to the accounts

for the year ended 31 July 2025

1 Accounting policies

Basis of accounting

The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.

There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

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.

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.

Capital of Cycling

Notes to the accounts continued for the year ended 31 July 2025

2 Grants and donations Bradford District Metropolitan Council (BDMC) Cycling UK Incommunities National Lottery Community Fund (NLCF) West Yorkshire Combined Authority (WYCA) The English Sports Council Bradford District Community Foundation (BDCF) Other donations 3 Restricted funds Balance b/f £ BMDC Active Travel - Big Bike Revival 2024 130 Big Bike Revival 2025 - BDMC Climate 1,122 BDCF Culture 14,600 InCommunities - WYCA - NLCF Reaching Communities 15,217 Shipley Active Travel Hub 3,056 Sport England 12,652 BDMC Warm Space - 46,777	2025 Unrestricted funds £ - - - - - - - 74 74 Incoming £ 10,000 - 3,500 - - 788 50,000 43,585 - - 1,950 109,823	2025 Restricted funds £ 11,950 3,500 788 43,585 50,000 - - - 109,823 Outgoing £ 10,000 130 3,148 1,122 9,155 506 13,968 58,802 3,056 12,652 1,716 114,255	2025 Total funds £ 11,950 3,500 788 43,585 50,000 - - 74 109,897 Transfers £ - - - - - - - - - - - -	2024 Total funds £ 12,591 6,000 650 96,888 8,688 15,000 14,600 1,207 155,624 Balance c/f £ - - 352 - 5,445 282 36,032 - - - 234 42,345

Fund name

BMDC Active Travel

Big Bike Revival 2024 Big Bike Revival 2025

BDMC Climate BDCF Culture

InCommunities

WYCA

NLCF Reaching Communities

Shipley Active Travel Hub

Sport England BDMC Warm Space

Purpose of restriction

‑ Delivery of adult cycle training and confidence building sessions in community venues.

To support the delivery of the Big Bike Revival programme using the FixLearn-Ride model.

Family cycling sessions, bike repairs, and outreach to increase access to affordable transport.

To develop cycling activities in Keighley. To develop a community led art project and exhibition that captures cycling stories as part of BD25.

Support for inclusion and community engagement activities, including refreshments and small building improvements.

Establishment of Keighley Active Travel Services hub, employing a local coordinator and running youth and adult cycling sessions.

To provide a series of free public events and services to encourage the uptake of cycling amongst the public. To contribute towards the establishment and operation of an active travel hub in Shipley.

To support riding activity and bike maintenance in Buttershaw. To support running costs for the provision of a warm space.

Capital of Cycling

Notes to the accounts continued

for the year ended 31 July 2025

4 Related party transactions

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 £82,097 (previous year: £70,489).

Other transactions with trustees or related parties Jaeesha Ali 6 Funds held as agent Balance b/f Incoming £ £ Shipley Active Travel Hub - 4,851 - 4,851 Name of trustee or related party Relationship to charity Description of transaction Trustee Sessional fee as a trainer	2025 £ 100 100 Outgoing £ 4,851 4,851	2024 £ - - Balance c/f £ - -