Trustees’ Annual Report for the period From 2 April 2023 To 1 April 2024 Charity name: THE GERAINT THOMAS CYCLING TRUST Charity registration number: 1187564 Objectives and Activities |Objectives and Activities||| |---|---|---| ||SORP
reference|| |Summary of the purposes
of the charity as set out in
its governing document|Para 1.17| To promote the amateur sport of cycling
amongst young people up to the age of 18, in
particular, young people who face barriers to
participation in the sport by the provision of
such support and financial grants, assistance,
education and facilities for participation and
wider involvement in the sport.
 The Geraint Thomas Cycling Trust (the “Trust”)
was launched in October 2021 and aims to
support children from 7-18 years-old and has
high ambitions to help children enjoy the sport
of cycling. Over the next 10 years, the Trust
wants to help 5000 children to experience the
sport which has given Geraint so much.| |Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the accounts.|Para 1.17
and 1.19| We will provide a grant fund and support
programme for young people.
 We will work in partnership with other cycling
organisations to promote cycling.
 We will develop a network of community
volunteer mentors to support young people’s
participation within the sport.
 We will partner with local organisations, clubs
and schools who can make referrals and
applications for support from us.
 We will work with others in the cycling sector
including organisations such as Beicio Cymru| |||(formerly Welsh Cycling), retailers, other
charities.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|All Trustees act in accordance with the Charity
Commission guidance on public benefit.

They have complied with the duty in section 4 of
the 2006 Act to have due regard to guidance on
public benefit published by the commission| ## Additional information (optional) You may choose to include further statements where relevant about: **----- Start of picture text -----**
SORP
reference
 The Trust has developed a process for individuals
and groups (typically schools, cycling clubs and
Policy on grant making Para 1.38 youth groups) to make grant applications. The
grants process is overseen by certain designated
Trustees with requests for final grant approval
brought before the Trustees as a whole. Grants
are now regularly made to successful applicants.

Policy on social The Trust does not currently have a policy on
investment including social investment and do not currently have
program related Para 1.38
any plans to make any social investments.
investment
 All Trustees have been involved in the
development of the areas identified above.
Contribution made by Para 1.38
The Trustees are a relatively small group who
volunteers
have given an immense amount of time to get
the Trust to this position and have called on
contacts to assist the Trust. All trustees give
their time freely and no Trustee was paid
(other than the reimbursement of travel
expenses in accordance with the Trust’s
policy). A number of volunteers have also
contributed to the success of the Trust to
date.
Other
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Achievements and Performance **----- Start of picture text -----**
SORP
reference
**----- End of picture text -----**
|SORP
reference|SORP
reference|SORP
reference| |---|---|---| |Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.|Para 1.20|During this annual reporting period the strategy of
the Trust has been to:
 raise its profile to attract more grant
applications.
 launch the grant application process.

and to start making grants to individuals
and groups that meet the Trust’s criteria

start evaluating the impact made by the
grants made by the Trust| Additional information (optional) You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|The Trust has achieved the following:

Launching the grant application process
with parameters developed following
extensive diligence to ensure the Trust is
able to support those it was set up to
support, in an efficient and fair manner.

Reviewed its Communications plan and
options on how we continue to drive growth
of both fundraising and deployment of funds
to appropriate applications.

Fundraising event in London widening the
reach of the Trust and raising valuable funds
that have continued to be deployed to
applicants across England and Wales.

Governance
`o` Policies in place for Safeguarding young
people and vulnerable adults
`o` Policy on Welsh language
`o` Policy on conflict of interest
`o` Risk register completed and Trustees have
considered the major risks to which the
organization is exposed to.| |---|---|---| |||
Our objectives remain fit for purpose. The
Trust was successful in attracting initial| **----- Start of picture text -----**
Performance of donations from a number of individuals
fundraising activities which was via a fundraising dinner in London
against objectives set Para 1.41 November 2023 where we were able to
auction items and experiences to the
attendees. This complimented the revenue
generated from the ticket sales.

We remain on course to hit our objectives of
growth as detailed in our original business
plan and indeed surpass the levels of
support we originally desired.
 No investments have been made
Investment performance
against objectives Para 1.41
Other
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Financial Review **----- Start of picture text -----**
Review of the charity’s Para 1.21  The charity was registered on 24 January
financial position at the 2020. The accounts are for the period from
end of the period
2 April 2023 to 1 April 2024. The charity
received donations of £5,583 and raised
money via the London fundraising event of
£35,335 in the period and has spent
£33,826. As of 1 April 2024, the charity has
a surplus of £73,922.
Statement explaining the Para 1.22  The charity’s policy is to hold reserves for
policy for holding reserves use in future periods for the purposes of
stating why they are held
the charity.
Amount of reserves held Para 1.22  £73,922.
Reasons for holding zero Para 1.22  n/a
reserves
Details of fund materially Para 1.24  n/a
in deficit
Explanation of any Para 1.23  n/a
uncertainties about the
charity continuing as a
going concern
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Additional information (optional) You may choose to include further statements where relevant about: |The charity’s principal
sources of funds
(including any fundraising)|Para 1.47|
This will largely be through the business
community, other grant assisting bodies
and personal donations made at
Fundraising events.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|
The Trust does not currently have an
investment policy or social investment
policy, this may be developed in 2024/25
as required| |A description of the
principal risks facing the
charity|Para 1.46|
The risks at this still relatively early stage
are associated with reputation in terms of
how we deploy our financial support.

Also associated with this would be if we
were to receive a significant amount of| applications which would stretch our financial capability.  Both risks are mitigated by the Trust adopting a diligent and sensible approach to deploy our funds on a targeted basis, whilst being mindful of reserves and working closely with inbound applications to understand the financial need.  We didn’t complete the creation of a Other Reserves Policy as hoped, however, The Trust will develop a reserves policy in 2024/25 as funds increase Structure, Governance and Management |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document
(trust deed, royal charter)|Para 1.25|• The Geraint Thomas Cycling Trust is governed
by its constitution that was approved
13/01/2020.| |How is the charity
constituted?
(e.g unincorporated
association,CIO)|Para 1.25|• The charity is formed and constituted as a
Charitable Incorporated Organisation (CIO).| |Trustee selection methods
including details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees|Para 1.25|• Apart from the first charity trustees, every
appointed trustee must be appointed for a term
of three years by a resolution passed at a
properly convened meeting of the charity
trustees.
• In selecting individuals for appointment as
appointed charity trustees, the charity trustees
must have regard to the skills, knowledge and
experience needed for the effective
administration of the CIO.| ## Additional information (optional) You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|
Each new Trustee executes a code of
conduct and conflict of interest
declaration on their appointment.| |---|---|---| |The charity’s
organisational structure
and any wider network
with which the charity
works|Para 1.51|| |Relationship with any
related parties|Para 1.51|| Other ## Reference and Administrative details **----- Start of picture text -----**
Charity name THE GERAINT THOMAS CYCLING TRUST
Other name the charity
uses
Registered charity number 1187564
Charity’s principal address • The principal office of the GTCT is Geraint Thomas
National Velodrome, for Wales, Newport International
Sports Village, Newport, South Wales NP19 4RB.
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Names of the charity trustees who manage the charity **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Adrian Coles Chairman
Caroline Spanton Beicio Cymru (formerly
2
Welsh Cycling) Ex Offcio
3 Wayne Brown
4 Darren Tudor Geraint Thomas
Robbie George Beicio Cymru (formerly
5
Welsh Cycling)
6 Rhodri Lewis
7 Arwel Lewis
8 Christine Gibbons
9 Owen Hathway
10
11
12
13
14
15
16
17
18
19
20
**----- End of picture text -----**
## Corporate trustees – names of the directors at the date the report was approved: Director name n/a Name of trustees holding title to property belonging to the charity **----- Start of picture text -----**
Trustee name Dates acted if not for
whole year
n/a
**----- End of picture text -----**
Funds held as custodian trustees on behalf of others: Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## Additional information (optional) Names and addresses of advisers (Optional information) |Type of
adviser|Name
Address|Name
Address| |---|---|---| |Accounta
nt|Barford Owen
Davies Ltd
Sophia House, 28 Cathedral Road, Cardiff. CF11 9LJ.|| |||| |||| |||| Name of chief executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of key personnel details Other optional information Declarations The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) Full name(s) Adrian Coles Position (eg Secretary, Chair Chair, etc) [INSERT NEW DATE} 10/12/2024 Signature(s) Full name(s) Arwel Lewis Position (e.g. Secretary, Trustee Chair, etc) [INSERT NEW DATE} 10/12/2024 **THE GERAINT THOMAS CYCLING TRUST 1187564 Receipts and payments accounts For the period** Period start date Period end date **To from** 2-Apr-23 1-Apr-24 ## **CC16a** ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**5,583**
**35,335**
**-**
**-**
**-**
**-**
**-**
**-**
**40,918**
**-**
**-**
**-**
**40,918**
**15,796**
**14,319**
**3,711**
**-**
**-**
**-**
**-**
**-**
**-**
**33,826**
**-**
**-**
**-**
**33,826**
**7,092**
**-**
**66,830**
**73,922**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**5,583**
**35,335**
**-**
**-**
**-**
**-**
**-**
**-**
**40,918**
**-**
**-**
**-**
**40,918**
**15,796**
**14,319**
**3,711**
**-**
**-**
**-**
**-**
**-**
**-**
**33,826**
**-**
**-**
**-**
**33,826**

**7,092**|**Total funds**
**to the nearest £**
**5,583**
**35,335**
**-**
**-**
**-**
**-**
**-**
**-**
**40,918**
**-**
**-**
**-**
**40,918**
**15,796**
**14,319**
**3,711**
**-**
**-**
**-**
**-**
**-**
**-**
**33,826**
**-**
**-**
**-**
**33,826**

**7,092**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---| |Donations|**5,583**|||||**12,731**| |Fund RaisingEvents|**35,335**|||||**40,701**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**40,918**|||||**53,432**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**|||||**-**| |**_Sub total_**|**-**|||||**-**| |**_Total receipts_**
**A3 Payments**||||||| |||||||**53,432**| |||||||| |Grants to Beneficiaries|**15,796**|||||**5,440**| |Cost of Fund RaisingEvents|**14,319**|||||**16,937**| |Administrative Expenses|**3,711**|||||**2,429**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_ **|**33,826**|||||**24,806**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| ||**-**|||||| ||**-**|||||| |**_Sub total_ **|**-**|||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**24,806**| |||||||| ||**7,092**|**-**|**-**|
**7,092**||**28,626**| ||**-**|**-**|**-**|**-**||**-**| ||**66,830**|**-**|**-**|**66,830**||**38,204**| ||**73,922**|**-**|**-**|**73,922**||**66,830**| CCXX R1 accounts (SS) 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
Bank Account
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**73,922**
**-**
**-**
**-**
**-**
**-**
**73,922**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Adrian Coles
Arwel Lewis|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Adrian Coles|10/12/2024| |||Arwel Lewis|10/12/2024| CCXX R2 accounts (SS) 2 CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trustees The Geraint Thomas Cycling Trust On accounts for the year ended 1 April 2024 Chanty no lif any) 1187564 report to the trustees on my examination of the accounts of the above Gharity ("the Trust'l for the year ended 01 April 2024. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparalion of the accounts in accordan with the requirements of the Charities Act 2011 I'mhe Act"). report in respect of my examination of the Trust's accounts carrÉed out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(51{b} of the Act. Independent examiner's statement I have completed my examination. I corfimi that no material matters have come lo my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance wth sedion 130 of the Charities Act- or the accounts did not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attenlion should be drawn, in order to enable a proper understanding ofthe accounts to be reached. Signed.. Date: 1711212024 Name: Iwan Lloyd Jones FCA Relevant professional qualificalionls) or body (if any): ICAEW Address: 5-7 Cathedral Road Cardiff CF119HA