Shropshire Cycle Hub Reilstered charlty number 1188746 Unaudited Flnanclal Statements Year ended 31 March 2024
Shropshlre Cytlt Hub Flnanclal statements for the year ended 31 M•rth 2024 Rthre and admlftlstraiion delai15 Charlty reitstratlon nurnber 1188746 Trustees James Bell (appointed 25 July 2022. restgned 11 December 20231 Sian Davis Ire5igned 30 September 20231 Mark Femior Maryke Fox Ire5¥ned 30 September 20231 Amanda lones [resned 26 September 20231 Anna Morris Iresi8ned 23 August 20231 Saffron Rainry Oavid Stanilorth (appointed 4 August 20231 Anthony Lowe (appointed 09 February 2024, resigned 29 December 2024 Robin Anderton-Brown lappointed 15 November 20241 Reilster•d offlce athlress Cross Mathet Hall 12 Cros5 5teet Oswestry SYII 2NG Independ•nt Examlner Clair Moelwyn-williams TG4 Ishrewsburyl LLP Thlrd Flo 21 St Mary's Streel Shrew5bury SYI IED
Shropshlre Cyde Hub AnaThclal statemefits for the year ended 31 Marth 2024 Contents Page Trwtees. report Ito2 Independent ernIners report Recelpts and payments account Statement of funds
Flnand•l stt•nonts fortheyearthd 31 IA¥th 2024 The Trustees of Shropshire Cycle Hub ore paSed to present their rep>rt and the finarKial ststemertts for the year ended 31 March 2024. The financial statements have en PTepared on the recelpis 4nd payments ba51S. Stmcturei 804n(• and rnaTra6efit Shropshire Cycle Hub is è Charitable Incorporation Organisatxln whth operates ¥Athln ihE tenn5 of it5 constitvtion adopted Upc incorporatTr on 251h March 2020. ObJeCt•d •rtvthies The object of the CIQ Is to promote community partit1pain in healthy recreatK)n by provh4in8 and reno¥aiin8 bicycles for use by those In finèntial hardship in Shropshire. by Èducalin8the Inhabitantsol 5hrop5hire a5 10 how to repair blcycles and th benefitsof cyclin8 as su5tainaWe transport. In furtherance of Its objects. the CIO will •im to.. lal cdlect donatlons of old bicyc5 and repalr tht s•ne sothat theyw •ther bewvert ttstlw)5e ITh financial hardshlp. or£an be sold on to th¢ ierwal to ienefate lurKls for1theorKe ol the charl5 obierts: Ibl promote cornrnunity panxItK)n In ¢Win8 a5 sustainable trans[ •nd he•lihy recreatkn. Icl run workshops to renovatefjrs and traln people l)w lo repair their bK¥(S.. and Idl brin8 disused bicycle5 back Into benefKial use to benefit those In financial hardship in 5hropshl¥e. The maln tychwties undertaken duriry the >or were re5Fett ol •ll of41. bl. rland dl abrNe. The Trustees h•¥e due re8•rd to the revlsed Charitycofflmlsskn I1nCe on publk benefft AthlewmWd pvlrym•n(o In order to undertake our employl four stsff durkn¢thE rrknd: I ProgT•rnme Mana8er 2 Full time mechonlc 3 Communlty Cyclln8 Athor 4 AdmInistratn Aswstant Durin8 the year we rekxaied Iwr to Oswesirywhert we •re wryklnl In partnersh+p wAih OswestryTown CourKII to promote aCD¥e travel In thearèè. Wecontlnued to nurture ourteam of volunteers. 8Mrythem and tra6nlw ln ihe WDrk of a profesonal blke workshop and renfjvatir hundfeds of bikesfo¢ the benefit of Shropshire resldeftt5 in red. We were also fortunate to hove maTry ienerous donatlons of bicycles. equipment and vdunteev's tlme. aThJ in winnifiiothef ifant fuTrdini from several souree> We ran trainlng wor5hop5 to help develop our team of volunteers and al styport other51Tr the (ommunrty who wlshe(l ¢0 karn to maintain bSc¥cles and brin8 thErn bock Into befiCi+l use. We also operated ourfour cyde rfckshèws Including a sustainab transpvrt 5erYtce in Shrewsljuryand Oswestry. free at the polnt trl use, to help demonstrate a more su5tsinable means of transportand akematI to cors aKI vaThs. We workod with tr#der5 in Welllnyon to WOVKJe a ddfj¥ery sermite for l(xal redeTrts. prornctlng sustinèble transpyjrt and the Kal economy. ènd we ran activftles includiw led ride5 and bike fix sesshJnsdesi8ned to help kxal residents to over¢omÈ barriETs to cyclin8, and we developed simllar ser¥icesarnl support for otherc<xnmunitles dsewhere in tlErowty. We acted as advocates providing an atsthoritativevtyteon aaNetra%*l andthe ImrtarKe of ace an increase in sustainable Iransport across the rounty. and we de¥eloped a Stro partnershlp Irh Cydin8 UK. the recognlsed national cycllng charity. expandin8 the Big 8ike Re¥Nal sEMce, prov8 Dr Bike and bike kitchen sessions to benefrt people In 5hropshire.
Shropshlrt cl Hub Flnandal staiemÈntsfor tht year erthd 31 March 2024 Achlevements and perforn)an¢e. fonllnued Shropshire Cycle Hub has recently undertaken a revlèw of its strat and objectives. We are developing our plan for the next five years and thts will result in a new delivery plan lor 5hropshire Cyde Hub which will start to be implemenied during FY25126. Historically, Shropshire Cycle Hub has been Constrained its ambition by finite resour that have principally been derived from local authority grants. donation5 and proceed5 from donated bike sales. To deliver the rovised Strate and Increase the char[s Smpaet across the tounty. a more ambitlOU5 approath to fvndraising will be required. A si8nifKant increase in revenue wlll be required to al¢gn with the proposed strate8y and en8a8ement which will require the support of some key stakeholders, donors and bvsinesses across the tountry. Any uplift in activities and btJd8ets will result in an as50Clated review of the financtal reserves policy. Until that point SCH will eontinue to operate wlthin current resource Ilmits. nancbal r•¥l•w and reser% polkv Thè Board are pleased with the financial results for our third fulty operational financial year. Thè attounts shgw a surplus of £2,40612023.. £25.0721. Income was £75.23712023.. £151.0951 and included £3,107 of restricted hjnding to support with various community cycling projects. The eoard have no concerns about the charitys ability to contlnue as a 8oln8 concern. The reserves poliLy is to hold Sufficient funds. estimated at £30,cixJ to ensure the ongoing costs of the chaflty and the 8oard will continue to monitor this goin8 forward. The Iree resefyes ol the Charity. exdudin8 Other Assets a1 Liabilities, at the year end were E2.406.12023.. £14,245). Mrth¢xls us•d to •nd appolnt new trysttts In selecting individua15 lor appointment as Trustees, the Trltstees must have regard to thÈ skills. knowledge and experience needed for ihe effecli¥e adrninistralion of the charity. 615 ol Accountlr The attounts of the charity have been prepare(l ¢)n a reIpts and payments basis in accordance with charity regulations. portw approved by the Board and signed on its behalf bv Mf M Ftlmor Trustee Oate- 611 IL
sh1$h¢ Cyde I report to the tharity trusttt5 on my exarnThtson of th a¢cour01 charity for the Tentted 31 Mar¢h 2024 whlch are Set outon pa8e$ 4 to 5. This report is made to tharit¢s trnstees, a5 a body. in accordance with 5ectw 145 of the charit5 Art 2011 and re8ulations made urxlei sertion 154 of that Art. Mywor has been uThlertèken 50 that I rnht state io the chariVs trustee5 those matter51 am requlred to stateto them in an Independent Exarniners Report and forTrJ othEr purpose. To ihe fUl$t extent permitted by law. I do not accept or èssumt rw0n51Ity to a•yonÈ othw thon the Crityad the tharity'5 trustees as a bothf. for my work orforthis report. Respwblities and tsaslsof rep s the th•rity'5 trustee5 you are reswnsiblp for1 preparatTr oft atcounts in XCOrdan with the requirements of the crleS 20111'the Act'l I feport ifi rE5pert of myexaminatnaf tt th•rWs KCouThtstitfj twt ¥rthrsection 145 of tlbt Act corrySn8 out my eyamlnatbn I have fomowed all the appIab Dlreckn5 ¢weTh bvfv Ch•rty CorTrmisyon under section 14515llbl of the Act. Indepettdent EX1e1.5 sMemerf I have ccrnpleted myex•mln•iion. I cwfirrn that no materi•l m•tter5 ho¥e come to mYellIon in connect wlth the euminatb)n Nlng mt uuse to believe that In matÈfial respert.. •ccountiry recordswere not kept in respect ol the thèrlty•S required by 5ectknn l>)of the A¢t.' or the accounts do thot attord wh tlk)se records. I hBve no ¢oncem5 •nd come acmss no otr c(fflrrt¢lkn withtt eyornlnatbThtowtrwth att•htbn Should drawn Inth15 report kn orderttren•ble • proper urlerstsThlryof •ccowitsto be reacw. O IMrJelN WLU1 Mrs C L Mo•lyn.WIUl•m5 BSCKA TCA Ishrewsburyl LLP Thlrd Floor 21 St Mary's Street Shrewsbury Shropshire SYI IEO Oote- 2Qyzg
Shropshlre ct Hub Fknartdal ststemtntsforthe year ended 31 Marth 2024 VnrestrKted Reslrlrted Totsl 2024 2024 2024 Total 2023 Re¢elpts Donatksns and 8ranis 8ike sales, repairs aThd parts loan Irjtroduced 8.534 58.596 3,107 11,641 S8,596 105,678 45,417 Total Recelpts 71lXI 3.107 752J7 151,095 Payments Personnel costs fiedundancy pav Power, 15ght and heat Oireci costs Accountant'5 fees General expenses Inswance 41B,933 13,934 6167 95.747 1,442 11,953 11.637 1,476 927 8.279 10.367 1.661 8279 10,J67 1.661 4.533 245 4.533 245 867 IT 50ftware and consurnables Telephone Advert15ing & marketi Tfavel costs RepaSrs and malnt¢nan¢e Subscriptions Printing ènd siatlonary Prole551onal & bank fees Consultancy Aent 402 611 611 538 144 755 30 755 396 1.065 1.439 277 1,327 327 196 1,065 3,672 3.223 5.624 Total Payments 13.934 97,9 135.284 Net IPayrnent5l/Receipts Ill39) 110.8271 122.6661 Cash and bank balances broht forward 14245 lo27 25.072 9.261 Cash and bank balances carried forward 25wn
Shropshire Cyde Hub Financial statemerts for the al *nded 31 Mah 2024 Statement of fd5 2024 2023 Monetary assets Cash at bank and in hand 25n 25,072 Other assets Tanglble fixed a$5ets- cost Stoek 29AOO lo35 14.730 18,953 252 Trade Debtors ToLIl assets S7371 73.341 Uabllltl Trade creditor5 Other creditors PAYE creditor Penslons creditor I 3,157 524 L2S6 Total Il•bllltles 12.530 9.593