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**Lichfield Re:Cycle CIO** Registered Charity Number 1183840 




**Annual Report for the year to 31 December 2023** 



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## **Trustees’ Annual Report** 

Lichfield Re:Cycle is a bicycle recycling and confidence building charity working across the Lichfield District. 

The trustees who served during the year and to the date of authorisation of the financial accounts were: 

John Belshaw (Chair - resigned 9/9/23) 

James Flintham (Secretary) Ed Strain (Treasurer) Simon Miller 

Alan Richardson 

Diane Harrison 

Brett Jones 

Philip Pendlebury Trevor Hill Ian Covey 

Our focus remains to provide free long term loan bicycles from our base at Curborough Community Centre. Our volunteers meet weekly year-round and work on donated bikes. Examples of the sort of reasons people have become beneficiaries of our charity include, cycling to work, to improve their mental or physical wellbeing, to replace bikes that have been stolen, to try cycling for the first time, for transport and for fun! 

We organise some social bike rides and confidence building training for people wanting to be more confident in their riding. 

We made successful grant applications and received sponsorship to enable this work and would like to thank The Co-operative Supermarket, Lichfield City Council and Sparkle 18 for their support. 



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## **Treasurer’s Report** 

These accounts cover the fourth full financial period of the CIO. Cash balances at the end of the year were £1582.92. This is £1193.20 lower than at the beginning of the year. This year grants make up the largest source of income (40%) followed by cash donations (35%) and sale of assets (24%). Reserves are currently adequate at around 6 months of operating costs. 

## **With very many thanks** 

Lichfield Re:Cycle is entirely run by volunteers. In addition to the trustees named above, we would like to thank those who have given their time this year to help with our workshop sessions or by volunteering from home: 

Tony, Glenn, John M, Ian, Stuart, Gavin, Paul, Nick, Ryan and David. 

We are grateful for the support from various organisations and businesses including: 

Fusion Credit Union, Secura Labels, Curborough Community Association, Bromford Housing, White Lodge Promotions, Support Staffordshire, Rugeley Bicycle Repairs and Cycling UK. 

Finally, many thanks to the hundreds of people who have donated bicycles and parts to us this year and to the thousands of people who have liked and shared our information on social media or by word of mouth. 



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## **Accounts for the year ended 31 December 2023** 

## **Receipts and payments** 

|Donations|||610|
|---|---|---|---|
|Sales|||415|
|Grants|||700|
|Interest|||8.05|
|**Total receipts**|||**1733.05**|
|Bikes & parts|||267.65|
|Workshop supplies|||483.44|
|Insurances|||268.28|
|Marketing|||94.73|
|Rental|||1455.45|
|Events|||355.70|
|**Total payments**|||**2926.25**|
|**Surplus for the year**|||**-1193.20**|
|**Cash balances at 31 December**|**2022**||**2766.12**|
|**Cash balances at 31 December**|**2023**||**1582.92**|
|_Notes to the Accounts_||||
|**Cash balances**||||
||At 31 Dec|Movement in|At 31 Dec|
||2022|the year|2023|
||£|£|£|
|Fusion Credit Union|2762.45|-1188.53|1573.92|
|Petty cash|3.67|5.33|9|
|Total|2766.12||1582.90|



**Liabilities** There were no unpaid liabilities at year-end.