**Charity registration number: 1207463 Company number: CE035574**
## **G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Contents**
||Page|
|---|---|
|Trustees’ Report|3|
|Statement of fnancial activities|7|
|Balance Sheet|8|
|Notes to the fnancial statements|9 - 13|
1
**G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
**LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
**Secretary**
**Charity Number**
**Registered O�ice**
**Mr G N Davies Miss E R Davies Mrs M Sismey Mr R King**
**Miss E R Davies**
**1207463**
**152 Green End Road Sawtry Huntingdon Cambridgeshire PE28 5XA**
2
**TRUSTEES’ REPORT**
## **G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Objectives & Activities**
G-Whizz Inclusive Tandem Bike Rides (The Charity) objective is the promotion of community participation in healthy recreation for the benefit of those primarily living or working in Cambridgeshire. It caters for people of all ages with disabilities or other infirmity, and who would otherwise be excluded, by enabling them to enjoy the pleasures and health benefits of cycling by the provision of special facilities and advice. The charity o�ers assisted cycling experiences to a range of disabled cyclists with a primary focus on those with partially or fully impaired vision, limited mobility and impaired balance.
The Trustees believe they have had due regard to the guidance published by the Charity Commission on public benefit.
## **Activities undertaken to achieve of objectives**
The principal day to day activities of the charity includes arranging and enjoying tandem bike rides. The current operation does not restrict rides to particular days of the week but communication is sent to all pilots and stokers providing all possible ride dates for the coming month. Cyclists indicate all dates they could possibly ride and small groups are then assembled with relative pilot sizes (to fit bikes) and fitness levels taken into account.
This practice has proved successful and subject to weather we have been able to provide at least one ride a month for all cyclists wishing to ride. Rides have been typically fifty miles in length with a cafe stop, longer rides have typically two cafe stops. G-Whizz was established to meet local need, as there are no other similar organisations in the area but due to the quality of bikes and pilots, the charity has attracted visually impaired stokers from She�ield and Manchester.
having two qualified bike mechanics in the team and others prepared to lend their expertise, costs are kept considerably under control.
## **Achievements and performance**
During the year there was an increase in income from donations and other fundraising activities totalling £12,866. This has been primarily through the continued support and generosity of local businesses and individuals, alongside local authority funding which has been achieved.
3
**G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
**TRUSTEES’ REPORT (Continued)**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Achievements and performance (Continued)**
In addition to this, this year The Charity organised a cycling holiday to Pontins in Lowestoft. Having invited a similar charity from Grantham (Tri4VI) to join us, a total of ten cyclists enjoyed three daily rides of fifty miles. The evening’s socialising and entertainment proving to be just as enjoyable and beneficial as the physical activity during the day.
The Charity was nominated and was awarded “Highly Commended” at this year’s BBC Radio Cambridgeshire “Make A Di�erence Awards” at a ceremony in Cambridge in September. This adds to the Pride of Peterborough and Volunteer Champion awards won in previous years. The exposure on the radio proved most useful in raising our profile and as a direct result, we were donated two tandems. One in club use and the other, which did not meet our requirements, being given to a local couple with a visually impaired husband.
built for us. This bike has added flexibility given it only requires one pilot to two stokers and has provided much fun and merriment to all those we pass on route.
## **Financial Review**
The trustees have reviewed the charity’s reserve requirements and alongside considering the main risks, have set appropriate reserves to ensure the continued financial security and prosperity of the organisation. The total funds of the charity increased during the year to £11,085.
## **Going Concern**
The Trustees have a reasonable expectation that the charity has adequate resources to continue in operation existence for the foreseeable future, at minimum 12 months from the date of this report. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
## **Reserves policy**
The trustees have decided that it is in the best interest of the charity to maintain unrestricted funds equal to that of three to six months expenditure. The trustees consider that this level will ensure that in the event of a significant drop in funding, the charity could continue to fulfil its objectives which ways to increase income are explored.
4
## **G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
## **TRUSTEES’ REPORT (Continued)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Reserves policy (continued)**
charitable objectives.
##
The charity’s principal source of funds is through donations from private individuals and local businesses. During the year, the expenditure of the charity has focused on maintaining the existing assets available to its trustees and wider beneficiaries, alongside the purchase of further assets to help to continue to deliver the key objectives of the charity.
## **Future Plans**
are su�icient bikes of various sizes to meet the needs of the existing demand. There is su�icient bike capacity and su�icient volunteer pilots to o�er rides to more disabled riders. We are therefore considering shorter rides and “have a go” days to encourage more riders.
Storage and workshop space is currently proving an issue. It has also been noted that beneficiaries enjoy the social aspect of meeting to chat and maintain the bikes. For these reasons the Trustees are actively investigating the possibility of providing suitable premises to address these needs.
## **Major Risks**
satisfied that there are appropriate systems and safeguards in place to mitigate any exposure.
## **Structure, Governance and Management**
## **Governing Document**
The charity is controlled by its constitution, which were comprehensively formed and reviewed on 15[th] March 2024. G-Whizz Inclusive Tandem Bike Rides constitutes a charitable incorporated organisation (CIO) and is registered with the charities commission (Reg. No. 1207463)
## **Recruitment and appointment of trustees**
The Charity is managed by a team of four Charity Trustees whom were all appointment on formation of the constitution and is chaired by Graham Davies, who has a maximum of four further years to serve.
5
**G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
**TRUSTEES’ REPORT (Continued)**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Recruitment and appointment of trustees (Continued)**
Eva is the secretary with a maximum of three years to serve, Miriam is treasurer with a maximum of two years to serve and Richard who is the spokesmen with the responsibility of all formal communications with pilots and stokers and is the voice of the visually impaired stokers on the committee. Richard has a maximum of three further years to serve.
The trustees are cognisant of their responsibilities for overseeing the overall operations and governance of the charity, ensuring the charity is run e�ectively and in line with its stated charitable purposes, making key decisions, managing finances responsibly, and acting in the best interests of the beneficiaries.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**Mr G N Davies**
Chairman
Date:
6
## **G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
## **STATEMENT OF FINANCIAL ACTIVITES**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|||**Unrestricted**|**Total**|
|---|---|---|---|
|||**Funds**|**funds**|
||Note|**2024**|**2024**|
|||**£**|**£**|
|**Income from:**||||
|Donations|_3_|**12,866.33**|**12,866.33**|
|**Total Income**||**12,866.33**|**12,866.33**|
|**Expenditure on:**||||
|Other|_4_|**(1,780.50)**|**(1,780.50)**|
|**Total Expenditure**||**(1,780.50)**|**(1,780.50)**|
|**Net Movement in funds**||**11,085.83**|**11,085.83**|
|**Reconciliation of funds:**||||
|Total funds brought forward||**-**|**-**|
|Net movement in funds||**11,085.83**|**11,085.83**|
|**Total funds carried forward**||**11,085.83**|**11,085.83**|
The notes on pages 9 to 13 form part of these financial statements.
7
## **G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2024**
||_Note_||**2024**|
|---|---|---|---|
||||**£**|
|**Fixed Assets**||||
|Tangible Assets|_6_||**12,032.18**|
|Total Fixed Assets|||**12,032.18**|
|**Current Assets**||||
|Cash at bank and in hand||**2,053.65**||
|**Total Current Assets**|||**14,085.83**|
|**Liabilities**||||
|_Creditors: Amounts falling due after one_|_7_|**(3,000.00)**||
|_year_||||
|Net Current Assets/(liabilities)|||**11,085.83**|
|**Total Net Assets**|||**11,085.83**|
|**Charity Funds**||||
|Unrestricted funds|||**11,085.83**|
|**Total Funds**|||**11,085.83**|
signed on their behalf by:
## **Mr G N Davies**
Chairman
Date:
8
**G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. General Information**
with charity number 1207463. The address of its registered and principal o�ice is 152 Green End Road, Sawtry, Cambridgeshire, PE28 5XA.
## **2. Accounting Policies**
##
SORP (FRS 102) - 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 UK and Republic of Ireland (FRS 102) (e�ective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
nearest Pound.
## **2.2 Going Concern**
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any 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 make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
9
**G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2.3 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources
## **2.5 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **2.6 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
10
**G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2.7 Fund Accounting**
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 and which have not been designated for other purposes.
## **2.8 Tangible Fixed Assets**
where applicable. Subsequently measured at the lower of cost or book value, net of any depreciation and impairment losses.
Depreciation is recognised so as to write o� the cost or valuation of assets, less their residual values over their useful lives on the following bases:
Bicycles and other vehicles Between 5 – 10 years
## 3. **Analysis of income during the year**
|**Analysis of income during the year**||
|---|---|
||Unrestricted|
||Funds 2024|
||£|
|Donations and Gifts|12,866.33|
||12,866.33|
## 4. **Analysis of expenditure by activities**
|**Analysis of expenditure by activities**||
|---|---|
||Charitable|
||Activities 2024|
||£|
|Bike parts and other maintenance|1,073.99|
|Membership fees|25.00|
|Depreciation charge for tangible assets|681.51|
||1,780.50|
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**G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **5. Trustees’ remuneration and expenses**
During the year ended 31 December 2024, no Trustee expenses have been incurred.
## **6. Fixed Asset Investments**
|**ixed Asset Investments**|||
|---|---|---|
||Property, plant and equipment|Total|
||£|£|
|**Cost**|||
|At 15 March 2024|-|-|
|Additions|12,713.69|12,713.69|
|At 31 December 2024|12,713.69|12,713.69|
|**Depreciation**|||
|At 15 March 2024|-|-|
|Charge for the year|(681.52)|(681.52)|
|At 31 December 2024|(681.52)|(681.52)|
|**Carrying Amount**|||
|At 31 December 2024|12,032.18|12,032.18|
|At 15 March 2024|-|-|
## **7. Creditors: amounts falling due after one year**
||Unrestricted|
|---|---|
||Funds 2024|
||£|
|Related party loans|4,250|
||4,250|
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**G-WHIZZ INCLUSIVE TANDEM BIKE RIDES**
**NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **8. Related Party Transactions**
Graham Davies (Mr. Davies) is a Trustee and Chairman of the charity – they are therefore related parties. During the year there were related party transactions totalling £4,250 arising through the transfer of funds from Mr Davies to the charity to allow the purchase of specialised fixed assets, see note 6.
The amounts transferred are considered akin to an unsecured, interest free bank loan with no right by Mr. Davies to be paid on demand and are presented such in the accounts, see note 7.
Transactions between the charity and Mr. Davies summarised below:
|Balance b/f
Loan to support asset purchase
Repayment
Balance c/f|2024
£
-
4,250
(1,250)|
|---|---|
||3,000|
13