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2025-04-01-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES

Trustees' Annual Report for the period

From 2 April 2024 to 1 April 2025

Charity name: THE GERAINT THOMAS CYCLING TRUST

Charity registration number: 1-187564

Objectives •and Activities

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 provide a grant fund and support programme
for young people.
We work in partnership with other cycling
organisations to promote cycling.
We develop a network of community volunteer
mentors to support young people's
participation within the sport.
We partner with local organisations, clubs and
schools who can make referrals and applications
for support from us.
We work with •others in the cycling sector
including organisations such as Beicio Cymru
(formerly Welsh
Cycling), retailers, other charities.
Statement confirming hether
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

SORP
reference
Policy on grant makilig Para 1.38 The Trust .has developed a process for
indiViduals and groups (typically schools,
cycling clubs and youth groups) to make gant
applications. The grants process is overseen by
certain designated Trustees with requests for
final gant approval brought before the Trustees
as a whole. Grants are now. regularly made to
successful applicants.
Policy on social investment Policy on social investment Policy on social investment Para 1.38 Para 1.38 The Trust does not currently have a policy on
including proyam related social investment and do not currently have
investment any plans to make any social investrnents.
Contribution made by Para 1,38 All Trustees have been involved in the
volunteers development of the areas identified above. The
Trustees are a relatively small group who have
given an immense amount of time to get the
Trust to this position and have called on
contacts to assist the Trust. All frustees 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.
Achievements and Performance
SORP
reference
Summary of the main Para 1.20 During this annual reporting period the strategy of -
achievements of the the Trust has been to:
charity, identifying the
difference the charity's • raise its profile to increase income and attract
work has made to the more grant applications.
circumstances of • its
beneficiaries and any
wider benefits to		 continue making grants to individuals and
groups that meet the Trust's criteria
society as a whole.
evaluate the impact made by the grants made
by the Trust

Additional information

Achievements against
objectives set		 Para 1.41 The Trust has achieved the following:
Further developed the grant application
process 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
hoth fundraising and deployment of funds to
appropriate applications.
Governance
PolicieS in place for Safeguarding young
people and vulnerable adults
Policy on Welsh language
Policy on conflict of interest
Risk register completed and Trustees have
the major risks to which the
organization is exposed to.
Pérformance.
fundraising
against
objectives
of
activities
set
Para 1.41
Our objectives remain fit for purpose.
However, the Trust had a disappointing year
as regards fund raising. There were a small
number of donations from individuals but the
main focus offundraising activities was to be a
lunch in Manchester in November 2024.
Unfortunately this event had to be cancelled.
Since the end of the current reporting period
the Trust's income has returned to the level of
previous periods due to a raffle of iterns
supplied by some of Geraint Thomas
supporters which successfully raised El 8k and
an increase in the level of donations.
We remain on course to hit our objectives of
gowth as detailed in our original business
Invesånent
performance
against objectives
Para 1.41
The Trust holds its assets in cash. No
investments have been made
Pérformance.
fundraising
against
objectives
of
activities
set		 Para 1.41 Our objectives remain fit for purpose.
However, the Trust had a disappointing year
as regards fund raising. There were a small
number of donations from individuals but the
main focus offundraising activities was to be a
lunch in Manchester in November 2024.
Unfortunately this event had to be cancelled.
Since the end of the current reporting period
the Trust's income has returned to the level of
previous periods due to a raffle of iterns
supplied by some of Geraint Thomas
supporters which successfully raised El 8k and
an increase in the level of donations.
We remain on course to hit our objectives of
gowth as detailed in our original business
Invesånent
performance
against objectives		 Para 1.41 The Trust holds its assets in cash. No
investments have been made
Financial Review
Review of the charity's
financial position at the
end of the period		 Para 1.21 The accounts are for the period from 2
April 2024 to 1 April 2025.
The charity's income for the period
comprised donations of El ,028
In the period the charity made grants
totalling E 19,980 and incurred
adminisfrative costs of €3,785.
There was a deficit for -the period of
€22,737 and as of 1 April 2025, the
charity had reserves, all held in cash, of
€51,185.
Statement explaining the
policy
for
holding
reserves stating why they
are held		 Para 1.22 The charity's policy is to hold reserves
for use in future periods for the purposes
of the charity.
Amountofreserves held Para 1.22 51,185
Reasons for holding zero
reserves		 Para 1.22 n/a
Details of fund materially in
deficit		 Para 1.24 n/a
Explanation. of any
uncertainties about the
charity continuing as a
goingconcem		 Para 1.23 n/a

Additional information

The charity's principal
sources of funds
(including any fundraising)		 Para 1.47 This will largely be through the business
community, other gant assisting bodies
and personal donations made at
Fundraisihg events,
Investment policy and
objectives
including
any social invesünent
policy adopted		 Para 1.46 The Trust does not currently have an
investment policy or social investment
policy, this may be developed in 2025/26
as required
A description of the
principal risks facing
the charity		 Para 1.46 The principal risk relates to ensuring the
Trust generates sufficient income to allow
it to continue to fund the activities it wishes
to support.
Also assöciated 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 bf reserves and working
closely with inbound applications to
understand the financial need.

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 cha•rity 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 orie or more
frustees		 Para 1.25 Apart from the first charity trustees, every
appointed trustee must be app-ointed 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 frustees
must have regard to the skills, knowledge and
experience needed for the effective
administration of the CIO.

Additional information

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.

Reference and Administrative details

Charityname THE GERAINT THOMAS CYCLING TRUST
Other name the charity
uses		 None
Registered charitynumber 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.

Names of the Trustees who manage the charity:

Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or body)
entitled to appoint trustee
(il any)
Owen Rodgers Chairman From Oct 2025
Caroline Spanton Trustee Year Beicio Cymru (formerly
Welsh Cycling) Ex Offcio
Wayne Brown Trustee Whole Year
Dan-en Tudor Trustee Year Beicio Cymru (formerly
Welsh Cycling)Ex Offcio
Rhodri Lewis Trustee Whole Year
Rhodri Davies Trustee From April 2025
Christine Gibbons Trustee Whole Year
Tim Boag Trustee From April 2025
Allan James Trustee From April 2()25

The

The trustees declare that they have approved the trustees' report above.

DATE

Signed on behalf of the charity's trustees the charity's trustees
Signature(s)
Full name(s) Owen Rodgers Rhodri Lewis
Chairman rustee
Position
8/1/2026 8/1/2026

CHARITY (OMMISSIO FOR ENGLAND AND WALE Receipts and payments accounts CC16a For the pariod from To Section A Receipts and payments UnrestrSGted funds Restricted fund5 Endobvmènt funds Total funds Last year to the nearest to thè noar¥st £ to the nearEst£ to the nearest£ to tho n8atO81 £ A1 Recelpts tbnaiion$ Fund TaiSing Evenis 1.02B 1,028 S,583 J5,335 Sub total (Gross income for AR) 1,028 1,028 40.918 A2 Asset and investment sales, Isee table). Sub total Total receipts 1,D2B 4,U28 40,918 A3 Payments GraTris lo 8enelicianes Coslol Fund Raising Evon Admini$tr81ive Exp8nses 19,980 15,910 15.796 14,319 3,711 3.785 3,785 Sub total 23.765 23,765 33,826

A5 Transfers between funds

A6 Cash funds last year end

Cash funds this year end

CCXX RI accounts (SS)

114/01/2026

Section B Statement of assets and liabilities at the end of the eriod p

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Unrestricted Restricted Endowment
Details funds funds funds
to nearest E to nearest E to nearest E
Bank Account 51,185
Categories
51,185
Bl Cash funds
CCXX R2 accounts (SS)
Total cash funds
(agree balances With receipts and payments
account(S))
Unrestricted Restricted Endowment funds funds funds
Detail E
B2 Other monetary assets s
to nearest E to nearest E to nearest
Fund to which Current value
B3 Investment assets o tional
Details asset belon s Cost (optional)
----- End of picture text -----

B4 Assets retained for

----- Start of picture text -----
14/01/2026
o tional
Details
Cost (optional)
Detail
B5 Liabilities s
Signed by one or two trustees o
behalf of all the trustees n
2
Fund
whic
Amo
unt
due
Whe
n due
liabil
relate
tional
----- End of picture text -----

Signature Print Name

Independent CHARITY examiner's report on COMMISSION FOR the accounts ENGLAND AND WALES

Section A Independent Examiner's Report

I report to the trustees on my examination of the On accounts for accounts of the above charity ("the Trust") for the year the year ended ended 01 April 2025.

The Geraint Thomas Cycling Trust

Responsibilities and As the charity trustees of the Trust, you are

1 April 2025

Charity 1187564 no (if any)

responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

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

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed

: Name:

Relevant professional qualification(s) or body (if any)

: Address:

October 2018

JER

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