The Trustees of Devon Freewheelers are pleased to
present our annual report and financial statement for
the year ended 31st October 2024.
Trustee Annual Report
Oct 2023- Oct 2024
Devon Freewheelers, Registered
Charity 1180264

Trustees, Report
For the Year Ended 31st October 2024
Foreword:
The Trustees of Devon Freewheelers, a Registered Charity Number 1180264, which is registered to
operate within England & Wale5 from t￿1r re8lStered office..
Unit I, Gloucester Court, Gloucester Close. Heathpark Industrial Estate, Honlton. Devon, EX14 ISJ
are deliBhted to present our annual report and financial statements for the year ended 31" October
2024.
The Trustees would like to recognise stakeholders, the patlents, our funders, and the publlc
and thank them for all the support over the last year. Due to an exceptional year covering the
period of 2023- 2024 It has been a hard year for all after the charity had to comply with a full
external audlt by an independent body as stated in last rep)rt which was approved by the Charlty
Commission.
The trustee ¢ontinues to work with the appointed accountants and the Charity Commi$5ion In
accordance with the Charity Commission's Statement of Recommended Prartice I'SORP'I. to
improve the charity 80in8 forward in this financial year.
Thankfully, previous years have been an exception to the normal, and we do not foresee that we
shall ever exceed the threshold, $0 do not envisage that we shall experience delays in the future in
uploadlng of our end of year accounts.
The trustees ènd volunteers wel¢ome all new changes and policies put in place and look forward to
new fresh ideas to move the charity forward.
The trustees would like to thank the public, our Stakeholders and the charity commlssion for their
patience and assistance in workin8 With us whilst we complied with our legol obligations.
Continuance of our learning experiences from the Previous year. the trustees have decided to ￿-
appoint the same accountants and auditors for this years. financial Statement and we recognise and
thank our colleagues at Lite Tax• for their efforts in completing this report.
Signed-
Russell Roe Ichairl
Governance
The financial statements have been prepared in accordante with the accounting policie5 set out in
note to the financial statements and compty with the charity's governing document, the Charitie5
Ac.t 2011 and "Accounting and Reporting by Charities- Statement of Recommended Prartice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in Ine UK and Republic of Ireland IFRS 1021" leffeetive l January 20211.
Trustee Annual Report Year End Oct 2024-APPROVED

Objectives and Artlvltles
The object5 of the CIO are:
To relieve sickness and protect health by the provision of transport of any urgently needed
medical requirements primarily but not exclusively in the counties of Devon & Cornwall. In
the case of transport of Human Tlssue for the purposes of transplant this includes the whole
of the United Kingdom.
The relief of those in need. by means of youth, age. ill health, financial hardship, or any
other disadvantage by the provision of 8rants.
The trustees hove poid due regard to guidonte issuedby the Chority Commission in deciding
whot octivities the chority should undertoke.
These objectives are delivered by Devon Freewheelers, a registered charity 1180264. registered by
the Charity Commission io provide its services in England and Wales
Achievements & Performance
The objectives are delivered primarily by our volunteer network and two members of staff,
who are spread throughout the county normally split into north, south, east, and west
re8ions of the County of Devon. The operational bases are Plymouth. Torbay, Honiton IHQI
and Barnstaple with clusters of volunteers serving their primary care trusts and all their
satellite hospitals under their control on a 24hrs a day. 7 days a week basis. These services
are provided by different teams within the or8anisation.
The volunteers have been continuin8 to provide
their service5 round the clock, on the front line.
New services and initiatives are always on the
horizon. increasin8 their workload, but equallv
increasing our service to our clients, the people of
Devon.
The charity also in this financial has advertised In
local ma8azine that reach far and wide in the
Devon area, and in hospital magazine like the
official magazine of radio for Plymouth and Torbay
which is all year-round covera8e for the charity.
Hopefully this information will filter throu8h allowing the public to understand on what the
charity is all about, and why the army of volunteers give up their time for free to help the
NHS and the local community all this at no cost to the NHS.
TTVStee Annval Rèport Year End Oct 2024-APPROVED

Iq)
involved
Russell Roe {Chairlsays".
"l am delighted and proud to have been able to do everythin8 we could to serve those in
need. There have been si8nificant changes wrthin the few years. and if it wasn't for our
Stakeholders, the patients, our funders. and the public.. our mission would have been near
Imposslble. I would like to express my total 8ratitude to all the volunteers. their families, the
publlc, and patients we serve".
Also, over the past few years our Trustees have work tirele551y with the volunteers & the
Charity Commission.
"We are all extremely proud to be part of Devon Freewheelers. It has been a bit of a battle
for the charrty over the last year, especially for the volunteers who all pulled together to
make the charity successful, says Russell Roe.
Hlstory..
The bi88est and most important aspect of service delivery is by our motorrycle riders.
Commonly referred to as 'blood bikers,; this team of invaluable people offer their tlme to
transport whole blood for transfusion, blood products to air ambulances, blood samples for
testing, medications, patient notes. donor breast milk and human tissue samples for the
purposes of transplant and any other medical requirement that frts on the bike,. voluntarily.
This service absolutely saves lives, potentially every day. A service that we are proud to have
been deliverin8 to the public since 2009. In addition to the blood bike services. we have
additional services to Doctor Surgeries in the county. All these services are now provided free
of charge by our blood bikes.
Air Ambulance Charities are now also benefiting from the services of Devon Freewheelers.
The Trustees were first approached by the Dorset and Somerset Air Ambulance Trust with
an enquiry as to whether it would be possible to supply whole blood to the aircraft to allow
for blood transfusions to be administered at the scene of a crrtical care incident. With Dr Ian
Mew, Director ofTrauma Care at the Dorset County Hospital, and one of the Critical Care
Trustee Annval Repon Year End Oct 2024-APPROVED

Doctors on board the aircraft setting out what he needed. Daniel approached some partners
and successfully arranged all the necessary funding to launch the service.
Initially, the service was run out of our Honiton headquarters for over a year, racking up
approx. I,(MJ) miles per week and in
the first 12 months was instrumental in
the saving of 31 lives on board the
aircraft who without the transfusion.
would have died. The aircraft. based at
the Henstridge Airfield and serviced by
blood from Dorset County Hospital
needed a dedicated team to reduce
our costs. A recruitment drive took
place, and a new team of volunteers
were recruited in Dorset, and they now
service the air ambulance with all the
necessary equipment supplied by
Devon Freewheelers and their partner Henry Surtees Foundation, who offered the charity a
free vehicle to run the service. The project has been so successful. Dorset & Somerset Alr
Ambulance NHS Trust recognised the charity work by have the Devon Freewheelers1080
placed directly above the door. We are immensely proud that lives are saved every year,
thanks to the work of Devon Freewheelers.
Testlmonlal: Approved for release by Dorset & Somerset Alr Ambulance
Dorset and Somerset Air Ambulance Medical Lead, Dr. Phil Hyde said: Yhe Dorset and
Somerset Air Ambulance IDSAAI Critical Care Team 8ive blood products to approximately 30
severely injured patients per year. The chance of life that these products provide is enabled
by the incredible support of Devon Freewheelers. Since the summer of 2016, the Devon
Freewheelers have ensured that blood products are regularly and reliably delivered to the
DSAA Clinical Team. Their voluntary work is inspiring and life chan8ing, and they form an
essential link in the chain of survival for the most injured adults and children in the
Southwest."
Devon Alr Ambulance were soon to follow in the footsteps of the Dorset and Somerset
Collea8ues and approached the charity to offer the similar service to them. Obviously, it goes
without contemplation that the charity would do anythin8 to assist the people of Devon and
a new service was launched to two helicopters of the Devon Air Ambulance in 2018, again
completely free of charge and at no cost to the Air Ambulance charities or the patients, or the
NHS. Even through the pandemic, all these lifesaving services continued without interruption.
The NICU Blood Bikes (Neonatal Intensive Care Unit dedicated services) are a regular service
user in the transportation, collection, and delivery of Donor Breast Milk I'DBM"}. NICU
Blood Bikes in partnership with Devon Freewheelers can stock neonatal intensive care units
throughout Devon & Cornwall during the working day with a relay service from Bristol.
Trtsstee Annual Report Year End Ott 2024-APPROVED

Devon Freewheelers Utilises our 4 wheeled vehicles (cars & vans) to take on stock for every
neonatal unit in Devon & Cornwall and delivers their stocks. completely free of charge. Thls
service requirement is a minimum of a large monthly initial stock, further supported with
home collections from donor mothers who donate unwanted breast milk. This product falls
under the auspices of the Human Tissue Act and once again is instrumental in saving the life
of a premature baby. The value of this sen4ice and in fart all the other services we provide
are immeasurable.
AII NICU services are provided by volunteers, at no cost to the service user, the hosplt31, the
patient, or the NHS. Lives strugglin8 from their first breathe supported and assisted by our
"hidden hero's
Flnanclal Review (FR):
We would like to thank the accountant for all their assistance in the preparation and audit of our
annual accounts.
Our continued thanks to..
Mr Paul Llght MBA ACMA CGMA
Lite Tax '
Accountants
Re-appointed for next financial year.
It is the policy of the charity that unrestricted funds which have not been designated for a
specific use should be maintained at a level equivalent to between three- and six-month's
expenditure. The trustees considers that reserves at this level will ensure that, in the event
of a sl8nificant drop I'significant event,) in fundin& they will be able to continue the
ch3rit¢s current actlvities while consideration is given to Ways in whlch additional funds
may be raised. This level of reserves has been maintained throu8hout the year.
FR Sl8nlflcant Event5:
The principal risk and uncertainty of the
charity is that the operational funds are
usually provided from public donation and
Corporate support. Our management and
strategy of any identifiable 'significant event,
was the management of services offered so
that they do not leave the or8anisation in an
insolvent position. Over the last decade, as
with many blood bike charities, operational
capacity is usually described as hand to
mouth. As an unre8ulated activity. each
charity operates independently as to how
this strategy is achieved.
Trustee Annual Report Year End Oct 2024-APPROVED

It is the responsibility of the trustees to continually monitor and evaluate risks on a regular
basis to ensure signrficant events are identified early and formulate a response to reduce
that risk.
FR Reserves pollcy
2018
Devon Freewheelers completed a major move into a new property leased 2018 for the
purpose of delivering our services. Our reserves policy to hold £IOOk had not been achieved.
2023 - 2024 Reserves policy has been achieved
FR Investment pollcy
2023-2024
The charity is still actively investigating into the property market to invest in a property.
FR Strurture, GovernantÈ and Mana8ement
The charity is registered as a charitable incorporated organisation ICIOI. re8iStered number
1180264, and is constituted under a Trust deed. The charity does not trade under any other
names, however, 15 known as'Devon Blood 8ikes' informally since its foundation on the 6th
November 2009.
The members of the trustees who served during the year and up to the date of si8nature of
the financial statements werè:
Chair:
Mr Russell Roe IRRI
Trustee.. Mr James Robinson (JR)
Trustee: Mr Paul Richards {PRI
Trustee: Ms Wendy Charnock IWCI
IC of l Notice on file}
io.
(i)
Appolntment of eharlty trustees (from the constltutlon)
Apart from the first charity trustees, every trustee must be appointed for a term of
one year by resolution passed at a properly convened meeting of the charity trustees
and approved by the Chairman or Chairperson
In selecting individuals for appointment as charity trustees. the charity trustees must
have regard to the skills, knowledge and experience needed for the effective
administration of Devon Freewheelers. the CIO
(21
ii.
Information for new charlty trustees
The charity trustees will make available to each new charity trustee, on or before his
or her appointment..
lal
A copy of the current version of this constitution: and
Ibl
A copy of the CIO'S latest Trustees. Annual Report and Statement of AccoiJnt5
Trustee Annual Report Year End Oct 2024-APPROVED

FR Confllct of Interest..
The charity ha5 an effective policy to manage conflict of interest (C of l) in its decision
making and the appointment of a trustee orthird-party provider. Conflicts of interest are
declared in this report and are managed in accordance with that policy. All minutes of
meetings clearly identify conflict mana8ement processes are practiced prior to a general
meeting taking place. A file on conflict-of-interest notices is maintained and available for
inspection.
Conflict of interest notices are submitted regarding PR {Paul Richards Motorsl. A revlew of
the conflict mana8ement (Trustees) is satisfied that operational procedures are in place and
followed, a contact has been drawn up between Paul Rlchards Motors & Devon
Freewheelers and sent to Charity Commisslon to review.
The CIO has full control of the appointment of trustees and is not influenced by any external
body or or8ani5ation. Each trustee is assessed for their skills and expertise in the operational
need5 of the charity. The constitution allows a trustee to receive remuneration for an
ernployed position wlthin the charity and as such declaration is made with the approval of
the Charity Commission Charities Act 2011 and subjerted to independent assessment wlth
the assistance of the National Council for Voluntary Organisations "(NO40"l and the
Association of Chief Executives for Voluntary Organisation51"ACEVO") by whlch the charitv
has agreed to accept their 8uidance and recommendations in the Roles and Respon5ibillties.
FR Volunteer & Fundralsln8 Standards
The Charity recognises its obll8ations to protect and serve the public in a safe and
responsible manner in both delivery of its objective and in fundraisin8 Standards. To
achieve that the charity complies with multiple International Standards for Quality
Mana8ement, Management of (kcupational Health & Safety and Management of
Environmental impact,
Processes are demonstrated with recruitment procedures to ensure all applications to the
charity are from fit and proper persons, supported by reference checkin8 and voluntary
disclosure and barring checks to the enhanced level to protect vulnerable adults and
children.
In addition, the charity has also achieved the 'Charity Excellence, framework for the second
year runnin& for fundraising standards and has received no complaints from the public in its
fundraising activities.
Trusiee Annual Re￿rt Year End Od 2024-APPROVED

Addltlonal Disclosures:
Where opplicable hos the entity disclosed the existence and corrying amounts of property,
plant, ond equipment to which the entity hos restricted title or thot is pledged 05 5ecurityfor
liobilitie5P
There are no additional disclosures.
Future Plans
The Charity aims to continue in the delivery of its current objettive and does not plan to
alter direction in the forthcoming year.
Statement of trustees, responslbillties
The trustees are responsible for preparing the trustees, Report and the financial statements
in accordance with applicable13w and United Kingdom Accountin8 Standards (United
Kingdom Generally Accepted Accountin8 Practice}.
The law applicable to charities in England and Wales requires the trustees to prepare
financlal statements for each financial year which give a true and fair view of the state of
affairs of the charity and of the incomin8 resources and application of resources of the
charity for that year.
In preparin8 these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make jud8ements and estimates that are reasonable and prudent.
State whether applicable accounting standards have been followed, subject to
any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accountin8 records that disclose with
reasonable accuracy at any time the financial position of the charity and enable it to ensure
that the financial statements comply with the Charities Act 2011, the Charity IAccounts and
Reports) Regulations 2008 and the provisions of the trust deed. It is 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.
The trustees, report for the year ended 31" October 2024 was approved by
the Trustees.
Trustee Annu31 Report Year End Ocl 2024-APPROVED

Mr Russell Roe
Responsible to the Trustees for the period.
Oct 2023- Oct 2024
End of Statement
Trustee Annual Report Year End Oct 2024-APPROVED

Devon Freewheelers
For and on behalf of
Oevon Freewheelers (Cha
Authorised Signatory..
Name.. Russell Roe
Date:
1462"201s-
For and on behalf of
For and on behalf of
For and on behalf of
TRUSTEE
TRLISTEE
TRUSTEE
Authorised Slgnatory..
Authorised Signatory:
Authorised Si8natory:
Name.. James Robinson
Name.. Paul Richards
Name.. Wendy Charnock
Date-
Ji13
Date:
Date:

DEVON FREEWHEELERS
INDEPENDENT EXAMINERS REPORT 2024
Independent exarniner's report to the Trustees of Devon Freewheelers {'the tharlty,)
I report to the charity Trustees on my examination of the accounts of the charity for the
year ended 31 October 2024
Responslbllities and basls ol report
As the Trustees of the charity you are responsible for the preparation of the accounts
in accordance with the requirements of the Charities Act 20111'the 2011 Art'l.
I report in respect of my examination of the charitvs accounts conducted under section
145 of the 2011 Act and in conducting my examination I have followed the applicable
Directions given by the Charity Commission under section 14515llb) of the 2011 Act.
Independent Examlner's Statement
The charity's gross commission for the year did not exceed £250,LI)O however the
examiner is a member of a body listed in section 145 of the 2011 Act. I confirm that I
èm qualified to undertake the examination because l am a member of the CIMA which is
one of the listed bodies.
Your attention 15 drawn to the fact that the charity has prepared the accounts in
accordance with Accounting and Reporting by Charitie5: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial
Reportin8 Standard applicable in the UK and Republic of Ireland {FRS 1021 in preference
to the Accountin8 and Reporting by Charities.- Statement of Recommended Practice issued
on l April 2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair
view in accordance with the Generally Accepted Accounting Practice effective for
reporting periods beginnin8 on or after l November 2023.1 have completed my
examination. I confirm that no matters have come to my attention in connection with
the examination givin8 me cause to believe that in any material respect..
accounting records were not kept in respect of the chaf ity as required by section 130 of
the 2011 Act,. or
the accounts do not accord with those records- or
the accounts do not comply with the applicable requirements concernin8
the form and content of accounts set out in the Charities (Accounts and
Reports) Regulation5 2Crf)8 other than any requirement that the accounts give
a'true and fair. view which is not a matterconsidered as part of an
independent examination.

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. This report is made solely to the charity's
Trustees, as a body, in accordance with Part 4 of the CharitieslAccounts and Reports)
Regulations 2IX)8. My work has been undertaken so that I might state to the charity's
Trustees those matters l am required to state to them in an independent examiner's
report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibility to anyone other than the charity and the charity's Trustees as a
body, for my work or for this report.
Si8ned ..
Dated 1413/2025
PQbLL Light
Paul U8ht MBAACNIACGMA
Llte Tax Ltd

DEVON FREEWHEELERS
STATEMENT OF FINANaAL AcfiviTIE5
FOR YEAR ENDED 31 OCTOBER 2024
Note Unrestrlcted
Funds
Restricted Funds
Total Fund5
Income From
Donatlans, Legacles and
Grants
115.495
140,495
CharStsble ArtS¥ltles
Total Income
115.495
25,000
140,495
Total Expendlture
177,465
177,465
Net GaSn5 on Investments
Net Movement In Funds
{61,970)
25,(MXI
(36,970}
The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 16 to 22 form part of these financial statements.

DEVON FREEWHEELERS
BALANCE SHEET
FOR YEAR ENDED 31 OCTOBER 2024
Note
Flxed Assets
Intsn8lble Assets
Tanglble Atsets
io
60,163
60.163
Current Assets
Debtors
Cash at Bank
li
35,254
8504
43,758
Credltofs". amounts falllng due In one
year
12
22,250
Net Current Assets
21.508
Total Assets Less Current Uabllltles
81,671
Lon8 Temi FlnanclTr8
15,557
Total Assets
66,114
Charlty Funds
Re5trScted funds
Unrestrlrted Funds
15,206
50,908
66.114
The flnanclal statements were approved and authorlsed for Issue by the Trustees on and sl8ned on
thelr behalf by.
R.Roe
Chalrman
The notes on pages 16 to 22 form part of these financial statement5.

DEVON FREEWHEELERS
NOTES TO THE FINANaAL STATEMENTS
FOR YEAR ENDING 31 0￿0BER 2024
l - General Information
Devon Freewheelers is a Charitable Incorporated Organisation ￿gistered in England & Wales. Its
office address is Unit l. Gloucester Court, Gloucester Crescent, Heathpark Industrial Estate, Honiton.
Devon, EX14 ISJ.
2- A¢countln8 Pollcles
2.1 Ba51s of preparatlon of Ilnanclal statements
The financlal statements have been prepared in accordance with the Charities SORP IFRS 1021-
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective l January 20151, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charilies (Accounts and Reports) Regulation$ 2CK)8 only to the extent required to provide a 'true
and fair, vlew. This departure has involved followin8 the Charities SORP IFRS 1021 published on 16
July 2014 rather than the Accounting and Reportin8 by Charities.. Statement of Recommended
Practice effective from l April 2(X15 which has since been withdrawn.
Devon Freewheelers meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical c05t or transaction value unless Otherwise stated in the
relevant accounting policy.
2.2 Income
All Income is reco8nised once the charity has entitlement to the income. it Is probable that the
income will be received. and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement. the probability of
receipt and the ability to estimate with suffitient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the charily has sufficient evidence that a gift has been left to
them Ithrough knowledge of the existence of a valid will and the death of the benefactor) and the
executor is satisfied that the property in question will not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when it is probable that it will be reteived and the fair value
of the amount receivable, which will generally be the expected cash amount to be distributed to the
charity, can be reliably measured.

Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period 15 shown in the relevant
funds on the Balance sheet. Where income is recerved in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. whe￿ entitlement occurs
before income is received. the income is accrued.
2.3 ExpendSture
Expenditure is recognised once there is a legal or constructFve obligation to transfer etonomk
benefit to a third party. it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs, including
support costs involved in undertaking each artivity. Direct costs attributable to a single activity are
allocated directly to that activity- Shared costs which contribute to more than one activity and
support Costs which are not attributable to a single activity are apportK*ned between those activities
on o basis consistent with the use of resources. Central staff t05ts are allocated on the basls of time
spent, and depreciatron char8es allocated on the portion of the asset's use.
E¥penditure on charitable activities 15 incurred on directly undertaking the activities which lurther
the charity's objectives, as well as any associated support costs.
All expenditure Is inclusive of irrecoverable VAT.
2.4 Inter•st recelvable
Interest on funds held on deposit Is included when receivable and the amount can be measured
reliably by the charlty, this is normally upon notrfication of the interest paid or payable by the
Institution with whom the funds are deposited.
2.5 Intanglbl• as••t• and amortlsatlon
Intangible assets are inrtially recognised at cost. After recognition, under the cost model, intangible
assets are measured at Cost less any accumulated amortisation and any accumulated impairment
losses.
At each reporting date the charity assesses whether there Is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined to be the higher of its fair value
less c05t5 to sell and its value in use. An impairnient Ioss is recognised where the tarrying amount
exceed5 Ihe recoverable amount.
Amortisation is provided on intan8ible assets at rates calculated to write off the cost of each asset
on a strai8ht-line basis over its experted useful life.
The estimated useful lives are as follows and amortisation is applied on this basls
Website - 20 % straight line

2.6 Tangible fixed assets and depreclation
Tangible fixed assets costing £3￿ or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed èssets are measured at cost less accumulèted depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their resldual value
over their estimated useful INes. using the straight.line method.
Depreciation is provided on the following basis:
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a Short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.9 Llabllltles and pro¥lslons
Liabilities are recognised when there is an obligatlon at the Balance sheet date as a result of a past
event, li is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliablv.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
Where the effect of the time value of money is material. the provision is based on the present value
of those amounts. discounted at the pre-tax discount rate that reflects the risks specific to the
liability. The unwinding of the discount is recognised in the Staternent of financial activities as a
finance cost.

2.10 Flnancial Snstwments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instrurnents are initially reco8ni5ed at transaction value and
subsequently measured at their settlement value with the exceptron of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.11 Flnance leases and hire purchase
A55ets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed
asse15. Assets acquired by finance lease are depreciated over the shorter of the lease term and thelr
useful live5. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases
are those where substantially all of the benefits and risks of ownership are assumed by the charity.
Obllgations under such a8reements are included in creditors, net of the finance charge allocated to
fulure periods. The finance element of the rental payment 15 charged to the Statement of financial
activities so as to produce a constant periodic rate of charge on the net obligation outstanding In
each period.
2.12 Penslons
The charity operates a defined contribution pension scheme, and the penston charBe represents the
amounts payable by the charity to the fund in respect of the year.
2.13 Fund attountln8
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the 8eneral objectives of the charity and which have not been desi8nèted for other
purposes.
Restricted lunds are funds which are to be used in accordance with specific ￿$trictl0n$ imposed by
donors or which have been raised by the Charity for particular purp05e5. The costs of raising and
odmlni5terin8 such funds are charged against the specifit fund. The aim and use of each restricted
fund is set out in the notes to the financial statements. Durin8 the year no additional funds were
considered to be resirirted
3 Intome from Donatlons and Le8a¢les
Unrestrirted
Funds 2024
Restrirted
Funds 2024
Total
Fund5 2024
Donations
Legacies
Grants
Total
115.495
25.(MX>
140,495
11SA95
25,C#XI
140,495

4 Income from Charftable Activities
Unre5trirted
Funds 2024
Restricted
Funds 2024
Total
Funds 2024
Don?tions
115.495
25,(MXI
140,495
5 Analysls of Expenditure by artlvltie5
Dlrect
Support
Total
Tran5POrt
45,948
131,517
177,465
5.1 Analysls of Dlrert Costs
Transport
45,948
Motor Expenses
Consumables
Volunteer Cost5
Total
45,948
5.2 Analysls of Support Costs
Depreciation and Amortisation
Admin Staff
Rent
8uilding Maintenance & Warehousin8
Telephone, Webfleet and IT
Professional Accounting Fee5
Li8ht, Power and Heating
Volunteer Costs
Subscriptions
Fund Raisin8 Expenses
Office Expenses
Bank Charges
Profit on sale of Vehicles
Uniforms
Total
57,531
25,901
25,086
3.187
2,095
2.720
5,048
2,486
8,342
763
2,415
2,323
16,5041
124
131,517
6.0 Independent exam•ners rernunerntlon
Other
2,720

7.0 Wages and Salary Cost
Wages and Salaries
Social Security Costs
Contribution to defined pension Schemes
25.901
Z5.901
The average number ofemployees was 2
The key management personnel of the charity consisted of the Executive Chaim)an who received è
salary of £954 during the year.
8.0 Trustee ¢onnet¢ed transartlons
Paul Rlchards, who is a trustee carries out repairs to some chartty vehicles. There is an a8reement in
place. The work is performed at a market rate and has been approved at a trustee meeting.
9.0 Intanzlble Ass•ts
The intangiable asset consist of the organisation website. This Is now fully amortised.
10 Tangible Flxed Assets
Plant &
Machlnery
Motor Equlpment &
VehScles
Flttings
Totsl
Cost or Valuatlon
BIFwd 2023
Additions
Disposal
As at 2024
54,352
5CM)
222.521
9,588
47.145
184,964
279,673
10,088
47,145
242,616
54,852
Depreciatlon BIFwd
Charge 2024
Disposal
DeP￿CIatIon as at
year end
36,980
12,498
116,059
44,534
30,359
130234
2.241
5(Kl
155,280
57,532
30,559
184,453
49,478
2.741
Net l)ook value
5.374
54.730
59
60,163
During the year a number of vehicle5 were disposed of and showed a profit on disposal of £6,504
io

11 Debtors- Due within I year
Trade Debtors
Other Debtors
Total
35.254
35.254
12 Credltors- Amounts falling due in One Year
Trade Creditors
Other Taxation and Social Security
Other Creditor5
Accruals and Deferred Income
Total
4,165
85
18.C(Kl
22.250
13 Credrtors falllng Oue after more than one year
Balance on Vehicles purchased on HP
15,557
14 Statement of Funds
Income
140,495
ExpendI￿re
177,465
General Funds
Balan¢e
136.9701
li

For and on behalf of
Devon Freewheelers (
Authorised
18nalory.'
Name= Russell Roe
Date=
For and on behalf of
For and on behalf of
For and on behalf of
TRUSTEE
TRUSTEE
TRUSTEE
Authorised Si8nat
Authofised Signatory..
Authorised Signatory..
Name.. James Robinson
Name: Paul Richards
Name= Wendy Charnock
Date..
Ajzr
Date:
11+12)202
Date:
'f/.
02£