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 [res￿ned 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 e￿rnIners report
Recelpts and payments account
Statement of funds

Flnand•l st*t•nonts fortheyear*thd 31 IA¥th 2024
The Trustees of Shropshire Cycle Hub ore p￿aSed 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 80￿￿4n(• and rnaTra6e￿fit
Shropshire Cycle Hub is è Charitable Incorporation Organisatxln whth operates ¥Athln ihE tenn5 of it5 constitvtion
adopted Upc￿ incorporat￿Tr on 251h March 2020.
ObJeCt￿￿•￿d •rtvthies
The object of the CIQ Is to promote community partit1pai￿n 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 bicyc￿5 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 for1￿￿the￿orKe ol the charl￿5 obierts:
Ibl promote cornrnunity panxI￿tK)n In ¢Win8 a5 sustainable trans[￿ •nd he•lihy recreatkn.
Icl run workshops to renovatefjr￿s 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 I￿1nCe on publk benefft
AthlewmW￿*￿d pvlrym•n(o
In order to undertake our employl four stsff durkn¢thE r￿rknd:
I ProgT•rnme Mana8er
2 Full time mechonlc
3 Communlty Cyclln8 Athor
4 AdmInistrat￿n 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 profes￿onal blke workshop
and renfjvatir￿ hundfeds of bikesfo¢ the benefit of Shropshire resldeftt5 in r￿ed. 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 wor*5hop5 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 be￿fiCi+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 re￿deTrts. 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 Im￿rtarKe of ac￿e￿￿ an increase in sustainable
Iransport across the rounty. and we de¥eloped a Stro￿ partnershlp I￿rh Cydin8 UK. the recognlsed national cycllng charity.
expandin8 the Big 8ike Re¥Nal sEMce, prov￿￿8 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 a￿1 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.
6￿15 ol Accountlr
The attounts of the charity have been prepare(l ¢)n a re￿Ipts 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￿$h￿¢ Cyde
I report to the tharity trusttt5 on my exarnThtson of th￿ a¢cour￿01￿* charity for the ￿Tentted 31 Mar¢h 2024
whlch are Set outon pa8e$ 4 to 5.
This report is made to tharit¢s trnstees, a5 a body. in accordance with 5ectw 145 of the charit￿5 Art 2011 and
re8ulations made urxlei sertion 154 of that Art. Mywor* has been uThlertèken 50 that I rn￿ht 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 rw0n51￿Ity to a•yonÈ othw thon the C￿ritya￿d the tharity'5 trustees as a bothf. for
my work orforthis report.
Respw*blities and tsaslsof rep
s the th•rity'5 trustee5 you are reswnsiblp for1￿ preparat￿Tr oft￿ atcounts in XCOrdan￿ with the requirements of the c￿r￿leS
20111'the Act'l
I feport ifi rE5pert of myexaminat**naf tt* th•rWs KCouThtst￿itfj twt ¥rthrsection 145 of tlbt Act corrySn8 out my
eyamlnatbn I have fomowed all the appI￿ab￿ Dlreckn5 ¢weTh bvfv Ch•rty CorTrmisyon under section 14515llbl of the Act.
Indepettdent EX￿1￿e1.5 sMemerf
I have ccrnpleted myex•mln•iion. I cwfirrn that no materi•l m•tter5 ho¥e come to mY￿ellI￿on 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 w￿h tlk)se records.
I hBve no ¢oncem5 •nd come acmss no ot**r c(fflrrt¢lkn withtt* eyornlnatbThtowtrwth att•htbn Should drawn
Inth15 report kn orderttren•ble • proper ur*lerstsThlryof •ccowitsto be reacw.
O IMrJel*N WLU1￿￿
Mrs C L Mo•l*yn.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
61￿67
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
Ill￿39) 110.8271 122.6661
Cash and bank balances bro￿ht forward
14245
lo￿27
25.072
9.261
Cash and bank balances carried forward
25wn

Shropshire Cyde Hub
Financial statemerts for the ￿al *nded 31 Ma￿h 2024
Statement of f￿d5
2024
2023
Monetary assets
Cash at bank and in hand
25￿n
25,072
Other assets
Tanglble fixed a$5ets- cost
Stoek
29AOO
lo￿35
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