Charlty numbor: 1188117 THE HANDLEBARDS CIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 THE HANDLEBARDS CIO CONTENTS R•f•r•nc• and admlnlstrallv• d•talls of th• Charlty, Its Tntstms and advls•Ys TNst••s' r•port Stat•m•nt of finan¢lal a¢tlvlll•s Balan¢• sh••t Notos to th• finan¢ial stat•m THE HANDLEBARDS CIO REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISER8 FOR THE PERIOD ENDED 31 MARCH 2021 Kathryn Jones. Trustee {appolntpA 21 February 20201 Harry Bresstaw, Twstee {appointed 21 February 20201 Hilary Wynter, Trustee (appointed 21 February 20201 Charity r•gist•r•d numb•r 1188117 Principal offl¢o 9 SL Lukes Drlve Orrell Wlgan WN5 7AU A¢countants Nyman Libson Paul LLP 124 Finchley Road London NW3 5JS Psge 1 THE IW4DLEBAIIDS CIO TRUSTEE8' REPORT FOR THE PERIOD ENDED 31 MARCH 2021 The TTUStees present their annual report tcwJether the financlal ststeménts of the The Handlebards CIO for the perin of fvnds: Net movement in funds 23,129 23,129 23,129 23,129 Total funds ¢arrl•d forwanl 23,129 23,129 The Statement of Financlal Activities includes all aains and losses recognised in the per￿. The notes on pages 6 to 9 form part of these financlal statements. Pagé 4 THE HANDLEBARDS CIO BALANCE SHEEr A8 AT 31 MARCH 2021 2021 Investments Cufront ass•ts DebtotS Cash at b8nk and in hand 2,678 20,951 23,629 Creditors.. amounts falling due wittiin one year {5011 Not curr•nt assots 23.128 Total n•t assets 23,129 Charity funds Unrestricted funds 23,129 Total funds 23,129 The financial statsments approved authorw for issue ty the TnJstees on 14 December 2021 and s(qned on their behalf by: Kathryn Jon•s (Trustee) Hary Br•sslaw (Trustee) The notes on pages 6 to 9 fomi part ofthese financial slatements. THE HANDLEBARDS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 G•n•ral Inlonnallon The Handlebards CIO is a Charitsble Incorporated Organisation. registered in England and Wales with the Charity Commisston. The address of its registered office is 9 St Lukes Drlve, Orrell, Wigan, WNS 7AU. Aecountlng poll¢i•s 2.1 Basls of pr•paratlon olflnanclal stat•m•nts The financial stateff*nts have been prepared in a¢￿dance with the Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in a(urdan￿ wth the Financial Repoitng Standard appli¢able in the UK and Republlc of Ireland (FRS 1021 {effe¢tive 1 January 2019), the Finanaal Reporting Standard applicable in the UK and Repuuic of IfelaThd {FRS 102) and the Charities Act 2011. The financial statements have been prepath to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fai¢ view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounting and ReFOrting by Charities: Statement of ReComn￿nded Practice effective from 1 April 2005 which has since been wthdrawn. The Handlebards CIO meets the definstion of a public benefft entity under FRS 102. Assets and liabilrties are initially re(x)gnised at historical cost or transactFon value unless otherwise stated in the relevant accounting poli￿. 2.2 Golng ¢onMrn After making appropriate enquiri6s. th8 Trustees have a reasonable expectation that the Charity has adequate resources to continue in opgrational existence for the foreseeable fvture. For this reason, they continu8 to adopt the going ￿nCern basts in preparlng the Ilnawal statements. 2.3 In¢ome All income is rewnisad once the Chkn has entiUem6nt to the Income, It is Fffobable that the in¢ome will be received and the amount of income receiv8ble can be measured reliably. Grants and donatbns are included in the statement ot financial activities on a receivable basis. 2A Exp•ndltsr• E4)enditur6 Is recognised once there is a legal or constructive obligation to transfer economi¢ benefit to a thlrd paty, it is probable that a transfer of economic beneffits will be required in settlement and the amount of the obltgation can be measured rellably. All expenditure is inclusive of irrecoverable VAT. 2.6 D•btors Trade and other debtors are recg)gnised at the 5etilement amount after any tr*le discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 6 THE HANDLEBARDS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 A¢￿untIng polkl•s (contlnuod) 2.6 Cash al bank and In hand C8sh at bank and in hand includes cash and short-temi highly liquid investments wth a short maturity of three ￿K)nthS or less from the date of ao]uisitson or ¢)pening of the dep)sit or slmilar account. 2.7 Liabllllies and provlsions Liabilities are recognised when the￿ is an obligation at the balan￿ Sheet date as a resurt of a past event, tt is probable that a transfer of economic benefft wll be required in settlemen( and the amount of the setuement can be estimated reliably. 2.8 Flnanclal Instrum•nts The Chartty only has financial assets and financlal liabillties of a kind that qualify as basic financial instruments. Basic financial instruments are initially rerx)gnised at transaction value and subsequenuy measured at their settlement value with the exception of bank loans Nthtch are subsequentiy measured at aM0￿sed cost using the 8￿tive interest m8th0d. 2.9 Fund ac¢ounOng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity aKI vthich have not been designated for Ixher pun)oses. In¢om• from donatlons and l•ga¢l•s Unrestrlrted nds 2021 Total fjjnds 2021 Llonations Grants 15,024 8,804 15,024 23.628 23,628 Oth•r Incomlng r•sour Total Jnds 2021 Bank interest received Page 7 THE HANDLEBARDS CIO NOTES TO THE FINANCIAL STATEMENT8 FOR THE PERIOD ENDED 31 MARCH 2021 Anatysls ¢* •xp•ndltur• by adivltl•s SUp￿rt Total funds 2021 2021 Supw>rt costs 501 501 Anatysb of support ¢osts Total funds 2021 Bank chaDJes Accountancy fees 500 501 Trust••s' r•mun•rntion and •xp•nses During the peritrs, no Trustees recelved any remuneration or other benefrts. Durfng the endod 31 March 2021, no Trustee expenses have been ￿Curred. Fix•d ass•t Inv•stmonts Investments in subsidlary companies Cost or valuatlon Additions At 31 March 2021 The investment represents the book value of 100% of the share Capital of the comp8ny Cycling Shakespeare Limtted, registered on Companies House wlth number 12516789. Page 8 THE HANDLEBARD8 CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2021 D•bto 2021 Du• wlthln on• y•ar Prepayments and wued Ino)me 2,678 2.678 Crodltors: Amounts falllng du• *ithln one y￿r 2021 other creditors A¢cfuals and deferred in¢omg 501 10. Summary ot funds Summary of funds - ¢urr•nt porlod Balance at 31 MarGh 2021 Income Expenditure General fvnds 23.630 (501) 23.129 11. Analysls of n•t ass•ts b41wMn lunds Analysls of n•t ass•ts b•tYMn funds- ¢urr•nt p•riod Unrestricted funds 2021 Total funds 2021 Cufferrt assets Creditcys due witPMn one year 23.629 1500) 23,629 {500) Total 23,129 23.129 P4e9