2021-08-31-accounts - Cyclox

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Annual Report and Financial Statements for the Year Ended 31 August 2021

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Table of
Cyclox
Contents
Charitable Incorporated Organisation
(CIO) number 1190137
Reference and
Administrative Details 2
Trustees’ Report 3
Financial Report to the Board of Trustees 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 15
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Reference and Administrative Details

Charity name Cyclox Charity registration number 1190137 Registration as a Charitable Incorporated 24[th] June 2020 Organisation Registered address 12 Apsley Road Oxford OX2 7QY

Trustees

Jake Backus Elise Benjamin Ian Callaghan Alison Chivers Andy Chivers James Dawton Sara Hallas Simon Hunt Jonny Ives Kathryn McNicoll Lonie Sebagh Steve Unwin

Oly Shipp resigned 17[th] November 2020 Ruth Davis resigned 17[th] November 2020

Honorary secretary

Kathryn McNicoll

Coordinator Becci Curtis Bankers From August 2020

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

Unity Bank 4 Brindley Pl, Birmingham B1 2JB

Trustees’ Report

The Trustees submit their annual report and financial statements for the year ended 31[st] August 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 11.

The Charity is a Charitable Incorporated Organisation (CIO): number 1190137.

Statement of compliance

This report complies with the requirements of the Charity’s constitution (based on the ‘association’ model CIO constitution authorised by the Charity Commission), which is the Charity’s governing document.

Structure, Governance and Management

The Charity was established on 24[th] June 2020 and assumed the assets and liabilities of the unincorporated organisation that preceded it. The Charity is governed by a constitution which sets out the powers and responsibilities of the Trustees in fulfilling the Charity’s objectives.

The Trustees when complete consist of at least five and not more than fifteen individuals. At every annual general meeting of the members of the CIO, onethird of the elected charity trustees shall retire from office. The terms of office of all trustees commenced at our first AGM held on 17[th] November 2020. New Trustees spend time with the existing Trustees to ensure they understand their responsibilities and the legal and financial framework in which the Charity operates. For reference all Trustees are issued with the Charity Commission’s publication ‘The Essential Trustee: What you need to know’. As a new charity we have been holding a series of governance sessions for trustees. We intend to review our governance in 2022 using the Charity Governance Code for microcharities.

The Trustees have reviewed the major risks relating to the operation of the Charity, and systems and procedures have been established and implemented to manage those risks.

Becci Curtis, Cyclox coordinator, started in July 2019 as a self-employed contractor, for one day a week. She does invaluable work supporting Cyclox with our communications, our engagement with stakeholders, with project management, and support to our public meetings.

Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

Law applicable to Charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the Charity’s financial activities during the period and of its financial position at the end of the period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation

The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the financial statements comply with the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Objectives and Activities

To promote cycling for the public benefit in and around Oxford as a means of furthering the following purposes

(i) The advancement of education
(ii) The promotion of public health
(iii) The promotion of public safety particularly on the highways
(iv) The advancement of environment protection and the prevention and mitigation of climate change

by whatever means the trustees think fit, including advocating and campaigning on all matters relating to cycling and other forms of transport, and encouraging and enabling members of the public, irrespective of their age, ability, gender, race, or social or economic circumstances, to cycle, through the provision of cycling facilities, services, training, educational activities and public meeting.

Our mission is to get more people in and around cycling, more safely and more often.

Progress and achievements

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

This is Cyclox’s annual report and financial statement for our first full year as a Charitable Incorporated Organisation. We became a charity in June 2020 and at our AGM on 17th November 2020 the trustees approved the annual report and financial statement for September 2019 to August 2020. As with all organisations the pandemic of Covid-19 has had a significant impact on our activities, but has brought with it much change and some opportunities during the latest year.

We are very fortunate that a good friend of Cyclox has donated £5,000 to Cyclox to further our work. £1,000 of this generous donation contributed towards the refurbishing of the Barton Underpass. We are hugely grateful to the donor as the funding has enabled us to be more ambitious.

a) New strategy

We prepared a new strategy at the start of 2021 (here is the link). Our ambition over the next three years 2021–2023 is:

a) Supporting and encouraging more people of all ages, abilities and backgrounds to cycle
b) Being recognised for our advocacy on cycling infrastructure
c) Making Cyclox a household name in Oxford

We will be putting in place ways of measuring our impact.

b) Speaker events

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Approx.
Date Online Event participants
15 Sept Cllr Liam Walker, Oxfordshire CC: Improving 65
2020 Oxfordshire Highways for Cycling
20 Oct 65
2020 Josh Lenthall, Active Oxfordshire: Active Oxfordshire
17 Nov Roxanne De Beaux, CamCycle: Lessons and Inspiration 73
2020 from CamCycle
15 Dec Duncan Dollimore, Cycling UK: How Cycling UK can 29
2020 support local cycling campaigns
19 Jan 2021 Simon Munk,London Cycling Campaign: Cycling 66
infrastructure in a medieval city
16 Feb Raz Marsden and Cat Dixon: Tandem Women on 45
2021 Wheels
16 Mar Patrick Lingwood, Oxfordshire CC and Scott Urban, 76
2021 Oxfordshire Liveable Streets: Low Traffic
Neighbourhoods get the thumbs up in Oxford
20 Apr 25
2021 Sarah Berry: Diary of a new cyclist
18 May The Ranty Highwayman (Mark Philpotts): What makes a 76
2021 good cycle route
15 June Alison Hill, Cyclox Chair: How Oxford’s cycle campaign 26
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Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

2021 is influencing local infrastructure

c) Bikes for Key Workers

The Bikes for Key Workers project started in April 2020 and was at its peak during the first lockdown and the summer when so many people were furloughed and volunteer mechanics had time on their hands. We engaged a total of 22 volunteer mechanics and, over the course of the year, 345 bikes were handed out to very grateful key workers in Oxford. Since the New Year, we have repaired a few more donated bikes for key workers and handed out approximately 20 more. However, our attention has turned towards facilitating Dr Bike sessions as a way of reaching different parts of Oxford.

d) Dr Bike sessions

Our first 3 Dr Bike sessions, carried out in partnership with Active Oxfordshire, were postponed several times because of the pandemic and Covid restrictions but eventually took place in April (Rose Hill) and May (Blackbird Leys and then back at Rose Hill again). Fewer people signed up for Blackbird Leys session and it was less well attended: partly perhaps due to the site chosen which is a pity because it is an area of need. However, we did have an older woman who rode and then pushed her bike all the way from Botley and then sat exhausted while her bike was fixed. The Rose Hill sessions were well attended and almost fully booked out.

On the strength of these sessions, we applied to Cycling UK again and received a grant to run 5 more sessions, mainly to coincide with the Celebration of Cycling in September. Active Oxfordshire kindly agreed to donate the remaining stock of cables and inner tubes etc. to the new sessions. As a taster, the first session was held at St Ebbes Primary School, a school keen to encourage cycling and promote its School Street: not only were we able to fix a lot of bikes for children as well as adults, but we were also able to suggest to some nervous Mums that they might enjoy Joyriders as a way to get them back on their bikes.

The subsequent 4 Dr Bike sessions were a key part of the Celebration of Cycling (see para f below). Two of them took place in Broad Street, the third was part of the Barton Bash and the final session was back at Rose Hill. The first two events caught the attention of people passing by who could see all the bike activity: the last two really reached out into areas of Oxford where cycling is not necessarily a part of everyone’s lives and where there is quite a bit of deprivation. Overall, significantly more women signed up than men, which was interesting but perhaps not surprising: one of the main worries for women is having to go into a cycle shop and feeling silly about asking questions.

Throughout the course of the Celebration, 12 mechanics worked at these different workshops, sometimes in appalling weather, but they found the gratitude of the cyclists rewarding. The sessions are totally dependent, not only on their expertise, but also the kind and generous way they give their time to the people who bring along their bikes. Our volunteers have repaired 124 bikes at the Celebration of Cycling sessions.

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

e) Barton Underpass

The link between Barton Lane on the Headington side with North Way on the Barton side is a very busy route. It’s full of pupils going to and from school; friends on each side of the A40 who want to meet each other; people who work at the hospitals or other workplaces in Headington; shoppers heading to their favourite stores; people going to clinics or their GPs or the library; cyclists and walkers seeking recreation around Bayswater Brook and beyond.

In the spring of 2021, the underpass was treated to a transformational makeover. The ramps and tunnel under the A40 Northern bypass were repaired. Their walls were freshly painted end-to-end and top-to-bottom with very bright and colourful murals. The project team was led by Katy Cockram, Trustee of the Barton Community Association and lead for Safer Barton, Risinghurst and Sandhills.

The cost, approx. £7000, has been provided from Headington Action, small-scale budgets to councillors, and from a donation of £1000 by Cyclox, which was given by our generous donor.

f) Celebration of Cycling 2021

Early in 2021, Cyclox alongside partners, Active Oxfordshire, Bicester BUG, Broken Spoke Bike Co-op, JoyRiders Oxford, Oxford Brookes University, Oxford City Council, Oxfordshire County Council, University of Oxford, Wheels for All Oxford, and Windrush Bike Project, agreed to hold a Celebration of Cycling during for the five weeks 28th August to 4th October (the date of the Women’s Tour of Britain 2021). The aim was to inspire more people to cycle for fun, health, and everyday journeys.

Many groups across the city and the county enthusiastically took up the challenge to host organised rides, exhibitions, talks, films, competitions, and community-led events. The full programme of events can be found here and the events held by Cyclox are in bold.

We were delighted that Shaw Gibbs, Accountants and Business Advisers, agreed to sponsor the Celebration. We are very grateful to Active Oxfordshire for supporting activities in Oxford, Bicester and Witney, and the Mid-Counties Cooperative Community Fund Small Grants, University of Oxford Community Grant, Cycling UK and Bike Register for their contributions to individual events.

All the partners can be proud of what was achieved to make the Celebration a huge success. We will be undertaking an evaluation of the Celebration to determine how we should take it forward again in future years.

g) Consultations

During the year September 2020 to August 2021 our Infrastructure Group has been very active. Our team of 12 volunteers – experts in cycling infrastructure, street architecture and urban design – spent over 300 hours of their time responding to consultations issued by Oxfordshire County Council Highways

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

Authority, City Council planning applications, residential and commercial development proposals, and proposals on local and national policy.

We meet alternate weeks to review the latest consultations and infrastructure proposals. Each response is led by a member of the team. Where feasible and necessary, our active travel partners (such as, the Coalition for Healthy Streets and Active Travel, Cycling UK local representatives, Oxford Civic Society and the Oxfordshire Cycling Network) are consulted.

Our preliminary responses are often shared with Cyclox members residing, or working, near the proposed site for development or improvement and our responses take into account Cyclox members’ comments.

Here is a link to the consultations that we have responded to over the course of the year.

Our expert contributions have the most impact when we are involved at the early planning stages. We build relationships with decision-makers to influence schemes early in their development and pursue methods of co-production.

We were consulted about several schemes at an early stage of development long before the obligatory, statutory consultations. We are delighted when we are approached in this way as our aim is for planners and developers to approach us to help planning for cycle infrastructure at the start of the process. We often find that developers think about infrastructure within the site, but fail to consider access to the site. Developments included:

●The proposed new bridge across the Thames between Oxpens and Osney Mead
●The Oxpens development
●Cycle access in the two major forthcoming housing developments between Cutteslowe Park and Oxford Parkway station and Water Eaton Park and Ride
●Woodstock and Banbury Road co-production process – to get inputs from active travel groups in the city to guide principles of design
●The Quickways scheme
●The land north of Bayswater Brook.

h) Coalition for Healthy Streets and Active Travel

The Coalition for Healthy Streets and Active Travel (CoHSAT) was set up early in 2019. This is a group of ten community organisations working together to improve our streets and increase active travel (for a list of member organisations see www.cohsat.org.uk). Over 3 years CoHSAT has received an annual grant from the Low Carbon Hub to carry out a set of projects that contribute towards the Hub’s aim: to cut Oxfordshire’s carbon footprint and contribute to the creation of a decentralised and locally owned renewable energy system. Outputs from these activities are described here. Cyclox members have been involved in several of

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

the projects and we led on the Walkability Index work as part of a project on 15 Minute Neighbourhoods.

i) Communications

We have contributed to a weekly 600 word On Yer Bike column in the Oxford Mail. These articles are published in the paper as a full page spread every Saturday. They are also published as blogs on our website.

We have been invited to contribute comments on cycling to Radio Oxford, Jack FM and BBC South Today.

We have maintained a high profile on Facebook and Twitter.

j) Membership

Cyclox’s membership has continued to grow during 2021. The total (as of 30/09/21) was 560 compared to 534 last year. Many new members joined during lockdown and the publicity around the Bikes for Key Workers project may have contributed to this. In September we gained 24 new members likely a result of the Celebration of Cycling. Although a good number of new members have joined during the year it has been offset by people not renewing their membership, probably due to the mobile nature of Oxford’s population (and to some extent due to late renewals).

The new 1-, 3- and 5-year membership categories are all proving popular and are much easier to administer than the standing order memberships (which have to be processed manually). The printable membership cards appear to be popular – we have had only one request for a hard copy. Many existing members still pay by standing order and quite a large number have still not changed their standing order from the Co-op to our new Unity Trust Bank account. It may be that many of these are ‘dormant’ members who don’t tend to read Cyclox emails or newsletters. Further work will be required on this in Spring 2022 after the April renewals.

Quite a lot of members now add a donation to their membership as this can be easily done online when they renew.

We continue to monitor the diversity of our membership. The current figures are as follows:

Gender: 55.5% male, 42.3% female, 2.1% unknown

Ethnicity: White 67.7%, Black 0.5%, Asian 0.5%, Mixed 1.6%, Unknown* 29.6%

We also have a good spread of ages, helped particularly by household memberships:

Under	4.1%	50s:	13.0%
10s:	2.8%	60s:	13.9%
20s:	4.8%	70s:	5.9%
30s:	6.2%	80s:	1.4%

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

40s:

16.4% Unknown*: 29.4% * mainly due to lack of response from ‘dormant’ members

Our membership form asks how members can help Cyclox and what help they would like from us. This has proved a useful resource as members are offering skills in a variety of areas as well as enabling us to offer help to those starting to cycle or getting back to cycling.

Plans

Covid continues to influence our activities and we are not anticipating holding face-to-face meetings for the foreseeable future.

●We will be reviewing our strategy, which will inform our work plan for the coming year.
●We are ambitious to increase our influence and our income from membership, sponsorship and donations.
●We intend to offer Dr Bike sessions in communities where there is a lower uptake of cycling.
●We will evaluate the Celebration of Cycling and, on the basis of that evaluation, will make a decision with Celebration partners on running it again in 2022.
●Our members have expressed a wish for greater involvement in our activities and, depending on their skills, experience, and interests, we intend to involve them as volunteers in consultations, supporting publications, developing more local champions who are the eyes and ears of their local communities.
●We will develop our partnerships with organisations in the city and contribute to the Local Cycling and Walking Activation Plan.
●We will continue to respond to consultations but will work with the county council to try to ensure that we can influence schemes earlier in their development. In particular we wish to work with the county council to develop methods of co-production.
●We will continue to run monthly speaker events.

Approved by the Board and signed on its behalf by:

Alison Hill (Chivers), Trustee Date: 31[st] October 2021

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

Financial Report to the Board of Trustees

I Report to the Board of Trustees on the preparation of the accounts of Cyclox for the Year Ended 31st August 2021.

I was appointed and instructed to prepare for your approval the financial statements of Cyclox for the year ended 31[st] August 2021 which include the Statement of Financial Activities (SoFA), Balance Sheet (BS) and the related notes from the accounting records and information and explanations given to me.

This report has been prepared for the Charity’s Trustees of Cyclox in accordance with my agreement.

It is the duty of Cyclox to ensure adequate records are kept.

I have not audited the accounts of Cyclox and therefore not tested the accuracy of the accounting records or information given to me, therefore I have not stated any opinion on the accounts.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination.

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.

Thomas Futter Signature:

Date: 31[st] October 2021

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

Statement of Financial Activities

Including Income and Expenditure Accounts for the period of 26[th] June 2020 – 31[st] August 2021.

		Unrestricted Funds		Restricted Funds	Restricted Funds		Total Funds 2020-21	Total Funds 2020-21
Voluntary Income		£		£				£
Membership Payments	£	5,023	£		-	£			5,023
Donations	£	10,338	£		-	£			10,338
Grant Income	£	311	£		2,723	£			3,034
TOTAL	£	15,671	£		2,723	£			18,394
		Charitable Activities		Governance			Total 2020-21
Direct costs		£		£				£
Increase Cycling	£	5,313	£		-	£			5,313
Raising Profile	£	4,698	£		-	£			4,698
Governance	£	-	£		2,239	£			2,239
TOTAL	£	10,011	£		2,239	£			12,250

TOTAL FUNDS CARRIED FORWARD						£			6,144

Further analysis of Income and expenditure are shown in Sections 12 and 13.

Balance Sheet

Balance Sheet as at 31[st] August 2021.

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

The Charity Trustees acknowledge their responsibilities for complying with the requirements of the Charities Act 2011 with respect to accounting records and the preperation of accounts.

These accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the United Kingdom (FRS 102) (Charities SORP FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the UK (FRS 102) and the Charities Act 2011.

Approved by the Board on 31[st] October 2021 and signed on its behalf by:

Name and Position: Alison Hill (Chivers), Trustee

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

Notes to the Financial Statements

1. Accounting Policies - Basis of Preparation

The charity constitutes a public benefit entity as defined by FRS 102.

2. Assessment of going concern

The trustees have assessed whether the use of going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of 1 year from the date of approval of these accounts.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

3. Fund accounting policy

Unrestricted income funds are generally funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

4. Incoming resources

Voluntary income including, gifts, donations, membership subscriptions, sponsorship and grants that provide core funding or are of general nature is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate. Charitable activities income includes sales of goods or services from the charity activities.

5. Resources expended

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

6. Governance costs

Governance costs include costs of the preparation and examination of accounts, the cost of trustee meetings, subscriptions to professional bodies and the cost of any legal advice to trustees on governance and constitutional matters.

7. Fixed Assets

At the end of 31[st] August 2021 there were no Tangible Assets in the charity.

8. Inventory

Inventory is valued at the lower of cost and net realisable value, after due regard for obsolete and slow-moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed. In the year ending 31[st] August 2021 an adjustment was done to the prior year stock calculation

9. Debtors

There were no debtors at the end of 31[st] August 2021.

10. Cash within the charity

The balances of the cash within the charity at the end of 31[st] August 2021 was as follows:

The balance in the Co-operative bank account on 31st August 2021 was £2,010.73

The balance in the PayPal account on 31st August 2021 was £3,270.69 The balance in the Unity Trust Bank on 31st August 2021 was 10,977.98 Total cash £16,259.40

11. Trade Creditors

Trade Creditors as of 31 August 2021 was £213.60. This related to two invoices from Seacourt, invoices 028844 (£120.00) and 028843 (£93.60) received on 27[th] August 2021. These will be paid in September.

12. Income

Breakdown of income reported in these financial statements

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

Income Category	Details	Amount
Membership	Membership received	5,023 £

Donations	Donations	10,338 £

Grant Income	Oxford University Estates Services	673 £
	Low Carbon Oxford North	311 £
	University of Oxford's Small community Grants Scheme	300 £
	Midcounties Co operative	250 £
	Cycling UK - Dr Bike	1,500 £
	TOTAL	18,394 £

13. Expenditure

Breakdown of Expenditure reported in these financial statements

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

Expenditure Category	Details	Amount
Increase Cycling	Barton Underpass	1,000 £
	Celebration of Cycling	2,406 £
	Celebration of cycling event space	20 £
	Celebration of cycling flyers	120 £
	Dr Bike Mechanic	180 £
	Dr Bike Parts	91 £
	Events	1,197 £
	Maps	300 £
	Total	5,314 £

Raising our Profile	General	1,185 £
	Marketing & Promotion	441 £
	Membership	146 £
	Micro internship	199 £
	Newsletter	1,358 £
	On yer Bike	808 £
	Stocks for resale/donation	758 -£
	Volunteer Coordination	60 £
	Web hosting	755 £
	Website Maintenance	280 £
	Total	4,474 £

Governance	Accountancy	200 £
	Bank Charges	72 £
	Committee Meetings	952 £
	Meetings	776 £
	PayPal charges	90 £
	Quickbooks, Zoom, Mobile Phones	234 £
	Subscriptions	140 £
	Total	2,463 £

TOTAL		12,250 £

- Additional information – Website Maintenance

* Additional information – Website Maintenance
Website Maintenance Breakdown	Amount
Hostinger quadrennial payment Business - Email hosting	£285
Hostinger quadrennial payment for Wordpress - Web Hosting	£386
Upgrade Flock Mail - cyclox.org	£53
SSL Certification and domain Transfer	£30
Total Website Maintenance	£755

Website and Email hosting (Hostinger) is for 48 months, domain for 5 years, plus one-off SSL certificate payment.

14. Accrued Income

At the end of 31 August 2021 there was no accrued income.

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021

15. Deferred Income

In the financial year from 1st September 2020 and 31st August 2021 the charity received income relating to membership fees for future periods. This income has been deferred and will be released in the year the income relates to. Below is a breakdown as of 31[st] August 2021.

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Year Year Year Year Total
2021- 2022- 2023- 2024- Membersh
2022 2023 2024 2025 ip Income
Membershi £769.00 £614.00 £384.00 £240.00 £2,007.00
p Income
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16. Accruals

There were no accruals made in 2020-2021 financial year.

17. Trustees’ remuneration and expenses

No trustees received any remuneration during the financial year.

18. Taxation

The company is a registered charity and is, therefore, exempt from taxation.

19. Controlling entity

The charity is controlled by the trustees.

Cyclox Annual Report and Financial Statements for the Year Ended 31 August 2021