Shropshire Cycle Hub
Registered charity number 1188746
Unaudited Financial Statements Year ended 31 March 2025
Shropshire Cycle Hub Financial statements for the year ended 31 March 2025 Reference and administration details
Charity registration number
Charity registration number 1188746 Trustees Mark Fermor Saffron Rainey David Staniforth Anthony Lowe (resigned 29 December 2024) Robin Anderton-Brown (appointed 15 November 2024) Registered office address Cross Market Hall 12 Cross Steet Oswestry SY11 2NG Independent Examiner Clair Moelwyn-Williams TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury SY1 1ED
Shropshire Cycle Hub
Financial statements for the year ended 31 March 2024 Contents
| Page | |
|---|---|
| Trustees' report | 1 to 2 |
| Independent examiners report | 3 |
| Receipts and payments account | 4 |
| Statement of funds | 5 |
Shropshire Cycle Hub Financial statements for the year ended 31 March 2025
The Trustees of Shropshire Cycle Hub are pleased to present their report and the financial statements for the year ended 31 March 2025. The financial statements have been prepared on the receipts and payments basis.
Structure, governance and management
Shropshire Cycle Hub is a Charitable Incorporation Organisation ("CIO") which operates within the terms of its constitution adopted upon incorporation on 25th March 2020.
Objectives and activities
Our vision is for a county where cycling empowers individuals, unites communities, and contributes to a sustainable future. Our mission is to build a cycling-friendly county through advocacy, resources, and inclusive programs that contribute to achieving active lifestyles and environmental sustainability.
Our objectives are:
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To collect and repair donated bicycles, enabling their distribution to individuals in financial hardship or sale to the general public, with proceeds reinvested to further the charity’s goals.
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Work with stakeholders in local areas to promote community engagement in cycling as a sustainable mode of transport and a form of healthy recreation accessible to all.
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To organize and facilitate cycling trips for individuals less able to cycle independently, providing opportunities to enjoy the outdoors, foster social connection, and enhance mental well-being.
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To provide workshops and training programmes that empower individuals to repair and maintain their bicycles, fostering self-sufficiency and community skills development.
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To advocate for and support the adoption of cycling as an accessible and practical mode of goods transportation, reducing environmental impact and promoting a greener, healthier Shropshire.
The main activities undertaken during the year were in respect of all of the objectives listed above.
The Trustees have had due regard to the revised Charity Commission guidance on public benefit
Achievements and performance
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1 Hub Manager
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2 Professional Bike Mechanic
During the year we continued working in partnership with Oswestry Town Council to promote active travel in the area through operating a professional bike workshop in the town centre.
We continued to nurture our team of volunteers, giving them induction and training in the work of a professional bike workshop and renovating hundreds of bikes for the benefit of Shropshire residents in need. We were also fortunate to have many generous donations of bicycles, equipment and volunteer’s time, and in winning other grant funding from several sources.
We ran training workshops to help develop our team of volunteers and also support others in the community who wished to learn to maintain bicycles and bring them back into beneficial use.
We also operated our four cycle rickshaws including a sustainable transport service in Shrewsbury and Oswestry, free at the point of use, to help demonstrate a more sustainable means of transport and alternative to cars and vans.
We worked with traders in Wellington to provide a delivery service for local residents, promoting sustainable transport and the local economy, and we ran activities including led rides and bike fix sessions designed to help local residents to overcome barriers to cycling, and we developed similar services and support for other communities elsewhere in the county.
We acted as advocates providing an authoritative voice on active travel and the importance of achieving an increase in sustainable transport across the county.
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Shropshire Cycle Hub
Financial statements for the year ended 31 March 2025
Achievements and performance - continued
Shropshire Cycle Hub has recently undertaken a review of its strategy and objectives and we are implementing a new strategy.
Historically, Shropshire Cycle Hub has been constrained its ambition by finite resource that have principally been derived from local authority grants, donations and proceeds from donated bike sales. To deliver the revised strategy and increase the charity’s impact across the county, a more ambitious approach to fundraising is being implemented based on seeking commercial sponsorships from local businesses.
A significant increase in revenue will be required to align with the proposed strategy and engagement which will require the support of some key stakeholders, donors and businesses across the country. Any uplift in activities and budgets will result in an associated review of the financial reserves policy. Until that point SCH will continue to operate within current resource limits.
Financial review and reserves policy
The Board are pleased with the financial results for the financial year. The accounts show a surplus of £7,565 (2024: £2,406).
Income was £47,638 (2024: £75,237) and included £nil of restricted funding to support with various community cycling projects.
The Board have no concerns about the charity's ability to continue as a going concern.
The reserves policy is to hold sufficient funds, estimated at £30,000 to ensure the ongoing costs of the charity and the Board will continue to monitor this going forward.
The free reserves of the charity, excluding Other Assets and Liabilities, at the year end were £9,971. (2024: £2,406).
Methods used to recruit and appoint new trustees
In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
Basis of Accounting
The accounts of the charity have been prepared on a receipts and payments basis in accordance with charity regulations.
This report was approved by the Board and signed on its behalf by
Mr M Fermor
Trustee
Date - 29/01/2026
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Shropshire Cycle Hub Financial statements for the year ended 31 March 2025
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 4 to 5.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiners Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work or for this report.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act')
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs C L Moelwyn-Williams BSc FCA
TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED
Date -
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Shropshire Cycle Hub
Financial statements for the year ended 31 March 2025
Receipts and payments account
| Receipts Donations and grants Bike sales, repairs and parts Loan Introduced Total Receipts Payments Personnel costs Redundancy pay Power, light and heat Direct costs Accountant's fees General expenses Insurance IT software and consumables Telephone Advertising & marketing Travel costs Repairs and maintenance Subscriptions Printing and stationary Professional & bank fees Consultancy Rent Total Payments Net (Payments)/Receipts Cash and bank balances brought forward Cash and bank balances carried forward |
Unrestricted Restricted Total 2025 2025 2025 £ £ £ 21,045 - 21,045 26,593 - 26,593 - - - 47,638 - 47,638 10,036 - 10,036 - - - 3,693 - 3,693 15,456 - 15,456 3,836 - 3,836 508 - 508 3,036 - 3,036 640 - 640 672 - 672 - - - 92 - 92 - - - 438 - 438 20 - 20 287 - 287 - - - 1,359 - 1,359 40,073 - 40,073 7,565 - 7,565 2,406 - 2,406 9,971 - 9,971 |
Total 2024 £ 11,641 58,596 5,000 75,237 62,867 288 8,279 10,367 1,661 786 4,533 245 611 144 755 396 1,065 188 94 - 5,624 97,903 (22,666) 25,072 2,406 |
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Shropshire Cycle Hub
Financial statements for the year ended 31 March 2025 Statement of funds
| Monetary assets Cash at bank and in hand Other assets Tangible fixed assets - cost Stock Trade Debtors Total assets Liabilities Trade creditors Other creditors PAYE creditor Pensions creditor Total liabilities |
2025 £ 9,971 9,971 29,064 13,420 460 52,915 355 9,789 - - 10,144 |
2024 £ 2,406 2,406 29,064 10,635 14,730 56,835 2,078 9,789 524 139 12,530 |
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