Scottish Charity No. SC048128 CYCLING WITHOUT AGE SCOTLAND SCIO REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2025 Dickson Middlelon Chartered Accountants www.dicksonmiddlelon.co.uk The UK 200 Group Practising Chartered Accountants
CYCLING WITHOUT AGE SCOTLAND SCIO Contents Page Report of the trustees Auditors, report 12-15 statement of Financial Activities 16 Balance sheet 17 statement of Cash Flows 18 Notes to the financial statements 19-25
CYCLING WITHOUT AGE SCOTLAND Scotll$h Choiilable Incorpoioled Organisalion Report ol Ihe trvstees lor Ihe perfod ended 3111 March 2025 The trustees have pleasure in presenting their onnual report, which incorporales the Strategic Report, ond the audited Financial Stotemenls for Ihe period ended 31st March ?.5. In preparing this feporl the Trustees have complied wth the Charities and Trustee Investment Iscollondl Act 2(K)5 and applicatrAe accounting slandards. REFERENCE AND ADMINISTRATIVE DETAILS Charfty Number SC048128 Prfnclpal & Reglitered Offlce Bankers TSB PO Box 373 Leeds LS14 9GQ Audilors Trustee$ The trustees who served Irom l April 2024 are 05 follows:
CYCLING WITHOUT AGE SCOTLAND Scottlsh Charltable Incofporated Orgonlsallon Report of the trustees forlhe perlod ended 3111 March 2025 (Contlnved) OBJECTIVES AND ACTIVITIES Cycling Without Age ICWA} is a movemenl started in Denmork in 2012. At the time of wriling, the movement hos since grown to become internalional, with over 3,5(J) "chapter5" in 41 countries. The movement's guiding principles are: Generosity- Cycling Wilhout Age is b05ed on generosify and kindness.11 starts with the obvious generous act of taking one or Iwo oldef or less-oble people out on a bike ride.11'5 a Simple act thol m05t people can do. Slowness.. Slowne55 cyllows you to sense the environmenl, be present in the moment ond it allows people you meet along the way to be cutlous and gain kr)owledge about Cycling Wilhoul Age because you make time to slop and talk. storytelling- Older people have so mony 5toiies that will be forgotten if we don't reach out ond listen lo them. We tell stories, we listen to slories on the bike and we also documenl Ihe slories when we share them via word of mouth and on Social media. Relotionship5-. Cycling Without Age is about creating a multilude of new relationships: belween generations. among older people, between Pilots and possengers, nursing home employees and family members. Relolionship5 build trust, hoppiness and quality of life. Wilhout Age= Life does not end when you lurn 75. Life unfolds al all ages, young and old. and can be thrilling, lun, sad, beautilul and meoningful. Cycling Without Age is obout lelting people age in o posilive context - fully aware of Ihe opporlunilie5 Ihat lie ahead when inleracling in their local commvnity. Cycling Without Age Scotland, a "Country Chapler" of Cycling Wilhout Age, is a Scottish Charitable Incorporated Organisotion1SCIOI which was constiluled on 9 February 2018. ACHIEVEMENTS AND PERFORMANCE Wilh continuing support from the Scottish Government, through Aclive Scotland and Transport Scotland combined (albeit wth reduced funding from Transport Scollandl, we embarked on the seventh year of operation of Cycling Without Age Scotlond (CWASI. It proved to be another extremely productive and successful year, spreading our aclivity further across Scotlond and with a signilicanl increase in porlicipotion. both by passengers and volunleer5. We reported losl year thal the feedback from o large number of our c.1,2(K) Pilots Ivolunteer Trishaw riders) reinforced our realisation that the benefits of our activily ore nol limited to passengers. which was the locus in our earfy days. The Pilols also benefit substanlially in lerms of sociol interaction, camaroderie, physical activity ané the fulfilment from supporting others. Thal CWAS provide5 an invaluable health and wellbeing benelil 10 50 many people in multiple seclors wtthin our communities 15 cleady recogni5ed by all in government who know ol us. CWAS slarted wilh five Trishaws in one branch in Falkirk. Today. our 1,200+ volunteer Pilots, supported by C.1,5 other volunteer Co-Pilots, Co-Passengers, administrators and fundraisers are operating 140 Trishaws and 8 Wheelchair Transporters in 87 Chaplers Ibranchesl in 28 of Scotland's 32 local authorilies. Our ever growing volunteer base includes PiSots from oll geneiotions. Around 35To are in their 50s, c. 50% ore in their 60s and 70s and there are Pilots in their 80s. More than 60% of our Pilols are women, many of whom have nol underloken physical exercise for many yeors.
CYCLING WITHOUT AGE SCOTLAND Scottish Charltable Incorporated Organisotion Report of the trustees lor Ihe perlod ended 3151 March 2025 (Conf3nued) Our annual funding from Active Scotlond has remained constant al £150,000. However, last year Transport Scotland decreosed ils funding from what had been a 'standard' annual £150,CYJO lo £135,000 and this year to £1 00,000, to be administered by Polhs For All. As we reported last yeor, Ihis hos mostly impacted our development of sites within our TRIIP (Trishaw Rides in Iconic Place51 programme as we do not hove the human resources required for the expansion we would like ond 15 undoubtedly merited. As our TRIIP programme enhances Scotland's accessible tourism and Iherefore its reputalion ond local and national economies, this limilation is disappointing. The opening of our Helix Hub in Helix Park in April this year demonstrated just what an impact our TRIIP programme con have. With funding received from Ihe Community Schoo15 2008 Chority, administered by Foundation Scotland, we were able lo build o bespoke eye-catching chalet at the entrance to Helix Park. From there. we ore able lo serve o large number of local care facilities for whose residents a Irip to the 5-acre park. home of course lo the magnificent Kelpies. is a ITue highlight. Many of those residents have become regular visilors. As importantly as our care facility beneficiaries, however, we can enoble hundreds of visitors lo access the park,. lthou1 CWAS, Trishaw Iranspoit, they simply could not do so. Not only has the response to the Helix Hub's service been overwhelmingly posilive but a community of volunleer Pilots hos grown - a real club - and visitors lolk glowingly of the "tetrific buzz" they get there. What made the opening of the Helix Hub on 29.4.24 even more special was that if was carried out by Andy Scoti, the sculplor who crealed Ihe Kelpies. He even sketched a large mural of Duke ond Boron Ithe Kelpies) on the interior back wall ol the hub which is unique ond very special. We had been successful in a funding bid to NLCF Awards F(Y All which covered 50% of the solarylcosts of a Helix Hub Co-ordinator ond we had appoinfed Marion Rodenburg lo the post in Morch 2024. Maryon was olreody a volunteer for CWAS Clackmannanshire. Her skills. enthusiasm and commitment have been a major factor in the success of the Helix Hub and She achieved both Bronze and Silver level Velotech cycle mechonics certification over November and December 2024 to equip her wtth odditionol skills lo ensure that the Helix Hub can function at full capacity at all times. TRIIP hub developmenls are under way in Dundee Waterfronl,. Glasgow Bolanic Gardens; the Riverside Museum of Transport in Glasgow (to access Clydeside and the newly opened active travel bridge thal now links Partick lo Govan from Ihe museum's location): and Holyrood Park. Edinburgh, and there are numerous other options thal we ore considering. For reasons stated above, pace of progress on these first lour hos been reduced but we are determined Ihat at leasl two will be up and running next year. Meanwhile the development of non-TRIIP Chaplers around the covnfry has continued at an extremely heallhy pace. During this yeor we conducted inlroductory sessions at locations around the country, including Eyemoulh Iseothechange Commvnily Group) which accelerated quickly towards launch,. Forres 15ed by a local Rotary Clubl.. Albany Court (Denny).. Kelso,. Pollok Park la potenlial Glasgow Life partnership).. Insch community groLJPS; Turriff Academy; Manor Gronge Care Home Corstorphine., and St. John's Hospilal Livingston lan important development as this is potentially our firsl NHS Chapter). Also during the year. the official launches took ploce of our Chopters in Levengrove Pafk 114.6.241.' Ellon I15.6.20241', Gourock113.9.24),- Auchterarder121.9.241; and Eyemouth122.3.25- as menlioned above). CWAS now delivers C.32,( rides annually across the country, enriching and enhancing the lives both of at least 45,000 passengers each year and Ihe also 1,200+ volunleer Pilots.
CYCLING WITHOUT AGE SCOTLANO Scolli5h Chariloble IncorpoTated Orgonisalion Report ol Ihe Irvslees foi the period ended 31 sl Morch 2025 (Continued) nie Trishaws Ihemselves ore greenenergy e-bikes and oll Co-pilots lor "outrtders'l use conventional cycles or e-bike5, $0 Ihe "green" or annual sustoincble mileage Ihot we achieve is even more than Ihe Trishcjws alone generate: approximately 240,(YKI miles. As Trustees. we are conscious of ond very grateful to the CWAS staff for the significant effort that is entailed bolh in Ihe development of Chaplers and their ongoing support. Al Ihe outsel of mosl Choplers. CWAS HQ assists, often subslanlially, in fundraising elforts lo secure the Chapter'5 first Trishaw andlor storage. Just some ol Ihe successful bids by CWAS HQ lor Chapters in this yeof include Todhill Wind Form Community Fund (Larbert. stenhousemvir and Totwo(xJ - LSTI donating £5.0(X) loward5 a Trishaw and storage shed bosed at Forth Valley Royal H05Pltal.' Aberdeenshire Council Garioch Area Inilialives Fund £4,900 towards Ihe cost of o Trishaw for Insch.. and Highlond TSI Communities Mental Health and Wellbeing Fund £3,100 lowards on Asgord shed and annvol fees for Thurso. An example of posl-lounch fundraising carried oul by HQ is NWH Group donating £l.l(M) for purchasing solor panels for our Glasgow Botonics Chapler and negolioling lor our Kilsyth Chapter to be nominated lor its local Co-op Cause inslore voting. Apart from those funders already noted, during the year CW AS HQ has secured lunding sUPPOrt for varrou5 Chapters - trom Arran CVS Communities Menlal Health and Wellbeing Fvnd", University of EdInrgh Micro Grant Scheme; The Glasgow Wellbeing Fund (part of the national Communities Mental Health ond Wellbeing Fund, managed by Glasgow Council for the Voluntary Sector); Kelvin Valley ond Falkirk CLLD Fund.- Highland Council Ward Discretionary Budget Grant Fund Scheme: Glasgow Life Wheels in Motion Fund," Aberdeenshwe Council Garioch Area Smoll Granls Fund; Aberdeenshwe Charities Trust (Formartine Area Committee) and Scolmid. These have ranged from a few hundred pounds to £IO.OCKI+ However. the support offered by CWAS HQ exlends well beyond fundraising. The main requirement by the Scoltlsh Government when in 2017 it asked our CUent CEO, to devise a progiamme to roll-out this activity ocross Scolland was that il 51iould be ali "assured" project, in porticular operating consislently everywhere ol the highest possible level of safety. We have always delivered that and conlinue lo do so. No-one rides a CWAS Trishaw without hawng undergone our rigorous Iraining PTogramme and having been 'signed-off" With new Pilots coming on board all the time, this re resen15 Q significonl workload for the members of staff carrying il out, principally ond Developmenl Manageil and (Volunteers, Support Officer). supported by Maryon Rodenburg. ovr Helix Hub Coordinator. Visiling each Chapter to train new volunteers on site quickty become impractical, inefficient and disproportionately expensive. Therefore, in this year we introduced "Train Togelher" a series of occosions when new volunteers from any port of the country would corne fo an official training session, rather than us go to them. Four such sessions happened in this yeor at our Helix Hub in Falkirk and were hugely Successful. with some 33 volunteers altending. Apart from undeilaking the Ihorough Iraining, participants meet volunteers from olher parts of the counlry and Ihe benefit ot camaraderie and learning fromlinspiting each other is substantial. These "Train Together occasions also include 'Train the Trainer sessions when a represenlolive of a Chapter can train to become a Iiainef in Iheif own righl. This Iuflher dishibules the workload. Parlicipanls are provided with comprehensive information before altending Ihe sessions. both wilh a "Trishaw and Pilot Handbook and Trishaw Pilot Trainer Nole5" which are then worked through wth the Trainer. Both of these docvmenls were produced in Ihis year. and we now olso make available to every volunleer OUT Active Travel Toolknt" (also o 2024125 publicalionl which gives the reader a number of suggestions and advice on how to make more of theirjourneys suslainable, i.e. ralher than jumping in their cor for everyjourney.
CYCLING WITHOUT AGE SCOTLAND Scottish Chaiwoble Incorporaled Organi5ation Report of the trustees loi Ihe perfod ended 310 March 2025 (Continued) helping them lo gel around in a way Ihat is better for their heolth ond wellbeing, the environment and their pockel. We have olso created and moks available to oll Chapters a "Move More" piogramme which enooles Pilots to encouTaqe and direct passengers during Trishaw rides to move and stretch. This can be as simple os helping the Pilot to indicate turns with arm signals or pulling on their own seat belts. Feedback from care facilily stall is thol Ihi5 can be invaluoble in encouraging older people who moy not norrnally be inclined to do useful stretches etc. to do so. as they are molivaled by porlicipoling in the rlde. We olso put in place and mointain insLKance for every volunteer and every Trishaw operating under the CWAS banner anywhere in Scolland - and we provide every Chapter wilh ongoing advice on every aspecl ol ils operalions, from publicity and marketing (including assistance with Social media and any/all design requirements for publicilyl lo route assessments and guides and pro-forma templole5 for administrative lasks. Cnjciolly importantly, we olso provide unrivolled technical support, Every CWAS Trishaw receives an annval technical inspeclion and any resulting maintenance need is met, More Ihon l(K) onnuol inspections weip carried out this year. This repiesenls a substantial worklood, yet it 15 ochieved. mainly b Ioperalions and Development Manager) on Ivolunteers, Support Olficerl. We ale likely lo have orovnd 150 Trishaws in action in 2025-26. spread across Scotlond, so that wothload is going to increase. However, at least one CWA5 Ambassador hos now achieved Velolech quolification and 15 therefore able to 05sisI in corrying out some of these in5peclions: Ihot assislonce is proving involuable. In addilion to those predicled lechnical requirements, there have been more than 60 call-out5 in the year- 15 in May 2024 alone - ronging from dealing with damaged wheels to boltery SueS. All are deall with promptly and. il limescale indicates the necessity. Ihe Chapler wll be lent a Tiishow whilst its own is in for repair. The training and technicol support aspects are just two examples of why Cycling Without Iland is not just considered o iole model by Chapters in the other 40 covntries within the global Cycling Without Age organisation headquartered in Denmark, bul is also Ihe envy ol Ihose chapters. Whal CWAS has and does is unique. No othef country has on over-arching umbrella organisallon to supporl and serve its Chapter5 and no other Country Chapter receives central government funding. Though she has a first class team around her, the success to dale of CWAS, and its ongoing olentiol, musl be altiibuted to the vision, energy, strategic skills and commitment of Ihe CEO 11 was thefelore on exlremely importanl event this year when was presented wilh her British Empire Medal on 8 November 2024 by Ihe Lord Lieutenant at Callendar House Falkirk. CWAS has participated in ondlor led a number of other events this year. Mosl significanl omongsl Ihem has fo be 115 2024 Grand Gothering which took ploce in Bo'ness on 30th August 2024. based ot Ihe Corby Inn and the lown's Hippodrome cinema. Mole thon 80 volunteers from acr055 Scolland altended the packed doy, enjoying a wide range of sessions and demonslralions, including an 'empathy skills" suit, an inlroduclion to Ihe amoang photogropher who captures breothtoking images ol older 5porlspeople in aclion would become o CWAS Ambassador laler in the yearl and a chonce not only to see the beautiful ond heartwarming American Cycling Withoul Age- the Movie" bul to enjoy a Q&A wilh one of its producers and ils principal parlicipant conducted live by Zoom wlth them in Calilornia 014am their limel This has led to a very strong relationship for CWAS wilh Cycling Wilhoul Age Sonla Batbara. not only inspiring each other but sharing ideos and operational suggestions.
CYCLING WITIIOUT AGE SCOTLAND Scolllsh Charftable Incorporuled OrganlsoFlon Report ol Ihe trustees for the Pe0d ended 3151 March 2025 (Continued) Probably the lop highlight of Ihe day though, was the long ride" which set a world for the most Trishaws in one place at one lime= in this case 36. The Bo'ness foreshore proved o magnificent setting for the rtde. aboul whlch many participants are still talking. Gathering Trishaws Irom all parts of Scolland to create that fleet of 36. and then gel them all bock again. was a mojor logistics chullen e, but the leam, headed by Ioperalions and Development Manogerl and Ivolvnleers, Support Officer) with aSstanCe from small number of volunteers. aLhieved il seamlessly. Big events in the year 0150 included the International Summit in Denmork from 4th _ 91h J n 2024. Joining delegales from Chapler5 around the world were our CEO and (Operations ond Deve5opment Manogerl as well as five members of our Mu5selburgli Chapter, two from Kemnay and one from the Isle of Cumbrae, plus Marion Rodenburg, Helix Hub Co-ordinator. They oll Ihoroughly enjoyed the occasion. especially the interaclion with vo5unleers from other parts of the worfd and the constant reminders of the esteem wth which ollon Cycling Without Age IS Tegorded. We frequenlly receive requests from around the world fo replicole our information. guides and templates bul, pethops more importantly, our adwce is frequently sought on operational and sITategic motlers. other big evenls Ihis year were playlng a key role bolh In 'Kelpies IO" 127.4.24) and Ford RideGlasgow Free Cycle. For Ihe former, we provided ten Ttishaw5 all evening Io ass1St ottendee5 Wlth limited mobility during this amazingly teslive ond high-energy occasion. Previous to thol we had played a significant role in an occasion on 26.3.24 to promole Ihal upcoming Iolh birthday event - on exlraordinory mass gathering of Clydesdale Horses. Ihe model for Ihe Kelpies. Duke and Baron,. il was a spectacular sight. For the first ever Ford RideGlasgow Free Cycle event19.6.241. (Volunteers, Support Officerl ond a nlne- strong team ol volunteer Pil015 made it POSSI or groups from four Glosgow core homes (including some residents in their 9051 lo take parl in the first ever Ford RideGlasgow Freecycle. Road5 were closed lo troffic and our speciol guesls enjoyed the beautiful parks arld buildings of Glasgow in Ihe June sunshine alongside thousands of other cyclisls - tiny lols, teenager5 and odults on bikes of all shapes and sizes. Many of our passengers hadn't been inlo the city centre for yeats and the sighls and sounds triggered special memoiies and funny stories which were enjoyed by everyone. In mariy ways. Ihis event encapsuloled the "CWAS spirit" bringing logether fovr Trishaws, one CWAS staff member, nine volunleers, four care homes, eight care home staff, fourteen residents {including 0 96 year old) and Iwo family members.. enhancing and enriching everyone's life. On 14th ond I Slh March 2025. we were back in action of the Kelpies for the SvperNova SK Tun. this time as 'back leaders, or 'scoopers' for Ihose who may not be oble to finish or were injured en route elc. We were cleoriy very useful. il was enormous fun for oll Ihe CWAS volunteers involved and mighl leod to us becoming affiliated 'scoopers' ot olher Scotlish Supemovo events, e.g. Forth Road BFidge, Edinburgh Marathon, Glasgow, Dundee elc. Through this Ihere is potential for us to become an affilialed chority for sponsorship5 of runners. Howevet, never losing sight of the fact Ihal we are 100% a gfassroots organisalion, every event is important to us - no mollei whal the scole- ond we know how important any event is lo Ihe Chapter or group. Some examples Ihis year include supporling Grangemouth Glitter Team in its enlry into KSB (Keep Scollond Beautiful} nalional conlest 11.8.241 and newly developed Lorg5 Chcpler at the Largs Viking Festival 11.9.241, os well as William Simpson's Christmas Lights switch-on event122.11.241 and the YPI Awards at Lenae Academy which had won £3,IK)O for CWAS128.8.241. CWAS Chapters 0150 Participated in several parts of the country in Armistice Parades, with Trishows 5Uitably decked out in poppies.
CYCLING WITHOUT AGE SCOTLAND Scottlsh Charltoble Incorporated Organlsallon Report ol Ihe trustees tor the perlod ended 3151 March 2025 (Contlnued) In o more representative sense, our CEO was one of the speciolisls al o "Demyslifying Coreers in Health ond Social Care" event al the University of Slirling nn 4.1 ?.?4.' it prove.d tn be a great orlunit to recruit volunleers ond raise awareness of CWAS. She had also been invited by to take part in a 'Healthy Ageing Seminaf" al Heriot Walt University 12.10.241- another great opportunity to network. The event was attended by mole than IQKI delegales including Professor ol Psychology. ', the Bruce and John Usher Chair of Public Health in The Usher Institute al the University of Edinburgh ond Chief Social Policy Advisor to Ihe Scottish governmentl who took o keen interesl in CWAS. On 26.9.24. our CEO atten the official lounch ol the New Palh Network in Clackmannanshire with Cabinel Secretary for Transport. and Active Travel ManogeT, plus olliiiols fiom C5ackmonnonshire Council - ond on 4.12 24, (Operations and Development Monogerl ollended the visil ol lo cainous.ie las part of a wider visil lo Ihe Tactron areal lor Ihe opening ol a new section ol shared-vse coaslol path to provide safer routes. He attended alongside volunteers from ovr Carnouslle Chapter and paftnership projects, Angus/Dundee Cycle Hubs ond Dundee Dragons All Abilities Cycling. CWAS fealvred prominently, Ihrough our Clockmannanshire Chapter, in the King's visit to Alloa on 16.1.25 and exomples of our cofflmilmenl to serve all communities include an oftemoon lalk aboul CWAS on 8.10.24 to Denny Ladies, Guild Ivery well received by a lorge groupl and on evening lolk lo Larberl Easl Church ladies, group Ivery well received by c.100 altendees), Wisilors to HQ this year have been a foscinotin and ecleclic mix, fro Cobinel Secretary for Tran5port.118.7.241 to 114.10.241, the founder and curolor of "The Big Bike Film Night" a film leslival that celeDiales cycling in all ils form5 and is now screened across 45 differenl locations throughoLJt New Zealand ond 26 locations Austrolio. had brought the film night to Scollond. including leoluring the American Cycling Without Age - The Movie" that we showed at the Grand Gathering. He visited us to see how we might work together ond there are exciting opportunities Ihal we are exploring. On 25.10.24. we hosted Professor Leoder of the Ageing Lab al Heriot Watt University.. he hos known of CWAS since I s Inception. as his team carried out research ond evaluation into our very first ph05e. We are intending lo liaise with on event5 thot we might creale to mork the Inlemationol Doy for Older Persons in OLlober 2025. Partnerships are extiemety important lo CWAS and this year we both progressed and slrenglhened existing ones and initialed new ones. The firsl cotegory included working closely again with Visit Scotland, thi5 time on whot the new Helix Hub will offer: great publicity for CWAS which reflects our contribution lo the counlry's accessible toutism. In the context ol new portnerships, we have also been working with Glasgow Life to establish connections with local cycling groups and other Service providers for CWAS, developmenl in the city in 2025; existing cycli5t5 of course represenl a polentiolly rich supply of new Pilots. "Social Volue" is becoming o major foctor in partnefships i.e. how partnering and supporling us wll strengthen another organisalion's demonstralion of offering sociol volve. This can be purely cynical bul we are extremely careful that those orgonisalions with whom we do consider partnership are genuine in Iheir commitment to pioviding social value. The reciprocal benelit to us is that those organisolion5 may open doors to which we don't hove access ond/or help us in challenges we are undertaking anway e.g. moking paths occessible to people wth disabilities and especially Trish(Ms. In Ihal context. we have had inleresling initial conversations wlth SCP. o tronsporl planning ond infiostructure design firm, about potenlial collaborotion: SCP could well be In a posltion to slrengthen our arguments,
CYCLING WITHOUT AGE SCOTLAND Scottish Charitable Incorpoiated Organisallon Report of the trustee5 foi Ihe peTlod ended 31 st Moich 2025 (Conllnued) where they arise, obout occess hurdles. We also held initial discussion5 wilh Age Scotlond about possible futUTe collaborations and ore progressing those. As important lo vs as Partnerships are our Ambossodor5 and Ihey are increasingly becoming key players in our team. Our HQ stoff lot time of Wfitingl consists of eight employed personnel and one consvltant. Bul of those eight. only two are lull lime. As CWAS oclivily increases and broadens across the country. the pressvre on Ihe team will increase, and Ambassadors will be involuable in occomrnodaling thol. One Ambassodoi 15 now Velotech qualified and, so, con carry out annual inspections in the Ui Ul U5 saving our HQ team considerable travel lime - ond all the other Ambosscdors are always ready and willing to assisl in ony way. This can be representing us al lounche5 or presentations or, quite trequeiitly. delivering or moving Trishaws around. We were delighted Ihol both hove joined our Ambassadors rosla. s based in Bristol and, Ilieieloie. cannot Ossisl in those proc*ical woys just idenlilied but, 05 on intemalionolly reriowned artist. her influence in promoting CWAS in spheres in which we are not sliongly connected could be involuoble. and therefore invaluably extends our operation. We gathered tose',her all OLir Ambassadors lother Ihan Eileen McAuloy who was unoble lo attendl, wilh Alex Rotas joining by Zoom. for o very productive day on 12.3.25 discussing a wide range of slrategic, operolionol and communications slrategies. As a membership orgonisotion. communicalion is key ond this year we introduced Mailerlile to our systems. It has enabled us to communicate to oll the volunleers on key topics or to sub- groups. e.g. Chapler Caplains, ond has proved lo be invaluable. We olso mointain a Captains WhatsAPP group which has also been exlremely uselul, especially lor Captains lo share tips and advice. We remain os active as we can be on HQ'S social media and with our video outputs but humon resources. lime and budget remain chollenges. However, wherever we Can. we maintain and promote our presence. We were especially pleased with the substantial and excellent video Series we created fo celebrole Active Scotlond's 'Scoltish Women and Girls in Spoft Week 2024, from September 30th to October 6th 2024. Trls was seven films under the banner of 'Seven Days Seven Women - Seven Generations, which demonslraled how CWAS can be hugely beneficial lo women in each of the seven generolions. Our video of and oboul our Grand Gathering 2024 w05 a first-class piece ol work too, and il was extremely pleosing thal, when 'Good Morning Brilain, ran a feature on Cycling Wilhout Age on 11.12.24, and despite their focus Ilor 5ogislics reasons) being on aclivity in England, il was subslantiol seclions ol our CWAS Grand Galhering footage that they used, ond no other material. CWAS come oul of the segment very posilively too in discussion, as Ihol cleorty demonstrated Ihot aclivify in Scoltand is substantiolly ahead of any other in Ihe UK. OlheT examples of our publicity Ihis year ranged from (Volunteers, Support Officer) featuring on Stiding Community Radio wth tidingshire Voluntary Enlerprise to our increased visibility on Volunteer Scotland's website., Iwo new advert5 fealuring delails of all locolion5 acros5 Scolland where CWAS h05 on aclive Chapter were very producttve. We also featured ogoin in Holyrood, Ihe monthly parliamenlary magazine, w7th an article in the May 2024 edition entitled 'Milestone Moment for Highly Successful Government Backed Project" We are often lold thal thi5 is an extremely effeclive way lo get messoging through to MSPs- our funders. Publicity in all ils forms is an octivity which we plan lo sfrengthen in 2025-26 and are pulling measures in place lo do so. Amongsl those ore a polenlial pilot iecfuilmenl radio compaign which we are considering trialing in the Central Belt in the upcoming finonciol year.
CYCLING WITHOUT AGE SCOTLAND Scottlsh Charilable Incorporated Organlsotlon Report ol the trvslees for the perlod ended 3111 March 2025 (Conllnued) A major development ir) the coming year wll be our adopfion of CWAS" Ipronounced 'Seewoss'I as the principal element in branding. This is piimorily to overcome the cumbersome nalure of Cycling Without Age Scolland" both in written ond spoken communications, especialty when repeated in o senlence or paragraph. As with all re- branding, it will lake time to bed in and our approach will be subtle and incremental. We decided thal, as soon os possible, we will attempt to acquire the domain "cwas.org and then launch a new web51te on it. We ore extremely confidenl in our govemance. As Tru51ees. we ure kept fully informed on any mollers that arise that might concern u5 and our quortedy Board me&ting5 are open and constructive. The Board papers that we receive are clear and informative - in particulor a "Chapters by Local Authorities" chart which was introduced this year and is extremely helpful in moniloring the complex developmental progress of Chapters around the country. We will be updoting both our Safeguarding and EDI policies and a review of all policie5 lokes place anyway towards the end of each financiol year. We are anticipating Ihal a new Trustee, Alison Neilson, will be joining the Board Ilater: this has been confirmed). Changes in Charity Law hove been discussed fully and the changes required by OSCR will be made during 2025. A pleosont '5urpr15e bonus during the year was an opportunity to submit an oddilional grant application lo Path5 for All for its Transition Fund. fhis secured an additional £6k ol funding for the purchase of Ihree eBikes and cycling accessories lo offer long-lerm lrials to CWAS volunleers and to also host Ihiee CWAS roadshows to be delivered by the end ol March. All was achieved. 11 h05, Without doubl, been o very successful and productive year for CWAS. FINANCIAL REVIEW The overall finoncial posilion at the end of Ihe reporting period showed a deficit of £15,149 12024.. £82,685 surplusl. Refer lo note 14 where it shows Restricted funds of £553,85412024'. £600,940) th £335,42812024.' £411,022) held in fixed assets and £407,41312024: £375,476) of unrestricted fvnds available. The key extemol funding sources lor the reporting year ore reported in Notes 2 and 3. Regording the SOFA, resources expended have been allocated belween fundraising. choritable activities ond governance. Refer to Notes 5 and 6 for detai15 on how Ihe allocations hove been calculoled. Reserves Pollcy In view of the pressure on unrestricted funding ovoilability the Boord wll continually review and closely monilor the Reserves available to meet the organisation's requirements. The aim is lor three to six months of operating expenditvre lo be held in unreslricted reserves. Plon5 for lulure perlod$ We look forword to another year of delivering Cycling Withoul Age Scotland with the people of Scotland lor Ihe people of Scotland. Fulvre funding is however a concern. We ore delighted Ihal Active Scotland oppears solidly supporlive and we have had indications that its funding will continue - ond at the some level. However, ollhough Transport Scollond has provided funding for 2025-2026 through Palh5 for All, there is no certointy of funding in the future. Our CEO has been advised by Ihe Cobinet Secretary tor Transport thal any fulure Transport Scotland funding, should il become available, would be distributed lo us by the RTPS (Regional Transport Partnerships). CWAS would need to negotiate individually with each of the seven RTPs. all of whom have different struclure5 and procedures. We are concerned Ihat this is unlikely to be o successful proces5 ond is without doubt going to be a complicoled and Icborious one. In fact we have already had experience in this year of applying for
CYCLING WITHOUT AGE SCOTLAND Scottish Charitable Incorporoted Organisalion Report of Ihe trustees lor the perfod ended 3111 March 2025 (Conlinved) funding through an RTP. It slrongly advised vs lo apply, wormly received our Expression of Interest (which took not insignificant time and ellortl and then, aller consideroble lime and effort on our port lo complete a full applicalion, declined to fund us ol oll. This reinforces opinion fhal we have received from a number of people with considerable experience in this field Ihat this RTP approach is very Unlikely to be successful. We are therefore continuing to negotiale wilh Government lo see if a revision to Ihis plon can be achieved. Oiganlsational Structure The Charity is a Scottish Charitable Incorporated Organisation la SCIOI. It was constituted on 9 February 2018. The Board may al any time appoint any person to be a charity Irustee by woy of a resolution passed by mojority vole at a board meeting. There musl be o minimum of 4 and a maximum of 12 truslees. The Board of Trustees is responsible for the overall operotions of the Charity with doy lo day operations managed by the Chief Execulive Officer. The CEO is responsible for the manogement of staff and enlisting professional services as required. Local chapters are enlilies separate from the Charily and are run by local committees or individuals who comply wilh CW A Scotland licence agreements and issued policie5. Rlsk Management The Board has continued to focus on governance and operational and financial risk managemenl ond on ensuring that, though local Chapters maintain their autonomy. which 15 important to their motivation, they comply with Cycling Wilhovl Age Scotlond polices and requirements. Each Chopter is provided with all the key policy and procedL)ral documents thot are required to ensure 5ucce55ful operation,. all svch documen15 are regvlarly monitored to ensure thal they are up to dote. As referenced above, the major organisotional risk remains loss of govefnment funding ond Cycling Without Age Scolland works extremely hard to mitigate Ihis risk by achieving and, in several areas of octivily, exceeding government expectation. The Risk hAonagemenl Report is o formal ogendo item for each Board meeting. The identification of immediate, longer- lerm and any emerging/potential risks and measures to mitigale them ore discussed and minuted and aclion5 agreed, implemented and reviewed. 10
CYCLING WITHOUT AGE SCOTLAND Scottlsh Charfloble Incorporated Organlsfjtion Report of the trustees loi the period ended 31 March 2025 (Conllnued) TRUSTEES. RESPONSIBILITIES The truslees ore responsible for preparing Ihe Trustees, Report and the finar)cial stalemen15 in occordance wlh applicoble law and Uniled Kingdom Accounting Slondards Iuniled Kingdom Generally Accepled Accounting Practice). The law applicable to charities in Scotland requires the trustees lo prepare financial 51atemenls for each financial yeor, which give a true and fair view ol the 51ole of affoirs of the charily and of the incoming resources. including the income and expendilure. of the chority for the period. In preparing these finonciol statements. the trustees a¥e iequired to.. Selecl suitable accounting policies and then opply them consistently; Observe Ihe methods and Principles in the Chorilies SORP 2015 IFRSI 021.. Moke judgements and estimates that are reasonable ond prudent,. Slale whether applicoble UK Accounting Stondards have been lollowed, subject to any maleriol departure5 disclos8d ond explained in the financial statemenls; Prepare the finoncial statements on cs going concern basis unless il is inappropriate to wesume that Ihe chorily will continue in operotion. The Irustees are responsible for keeping adeqvole accounting record5 that disclose wth reasonable accuracy al any time the financial position of the chority and enoble them lo ensure that Ihe financial slotemenls comply wlh the Charilies and Tru51ee Investment (Scotland) Act 21X)5 and the Charities Accounts Iscollondl Regulations 2006 los omendedl. They are olso fesponsible for safeguarding the assets of the chority ond hence for taking reasonable sleps for the prevention and detection of fraucl and olher irregularities. In so tar as the trustees are aware- There is no relevant audil infoimolion of thiich fhe charities auditor is unaware,. and The trustees have taken all steps thal they ought to have loken to make themselves aware of ony relevant audit inloTmation and lo establish Ihal the auditor is awore ol thot informotion. Auditors A resolution will be proposed at the Annval General Meeting that Dickson Middleton be re- oppoint8d a5 oudilors of the chority for the forthcoming year. By Order of Ihe Board Trustee 16 December 2025
CYCLING WITHOUT AGE SCOTLAND Scottlsh Charltoble Incorporated Olganlsalion Independenl Avdilor's Report lo the Tru$lees of Cycllng Wllhovt Age Scotland for Ihe peilod ended 3111 March 2025 Oplnion We have audited the financial slolements of Cycling Wifhoul Age Scotlond Ithe 'SCIOI for the period ended 31st March 2025 which comprise Slatement of Financial Activilies. Balonce Sheet, Slatemenl of Cash Flows ond noles to the financial statements. including a summary of significant accounting policies. The financial reporting framework thal has been applied in their preporation 15 opplicable law and United Kingdom Accounting Standords, including Financial Reporting Standard 102 The Financial Reporting Standard opplicable in the UK and Republic of Ireland Iunited Kingdom Generolly Accepted Accounting Procticel. In our opinion the financial slalements., give a Irue and fair view of the slate of the SCIO'S aftairs as al 3151 March 2025, and of ils incoming resources and application of Tesources, including its income and expendilure, for Ihe period then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclice,. and have been prepared in accordance Krith Ihe requirements of the Charities and Trustee Irivestmenl Iscotlandl Acl 2LM)5 and regulation 8 of the Charities Accovnls Iscotlandl Regulations 2006. o$1$ lor opinion We conducled our audit in occordonce wth Internationol Standards on Auditing IUKI IISAS IUKII and applicable low. Our responsibilities under Ihose standards are further described in Ihe Auditor's responsibilities for the oudil of Ihe finoncial statements section of our report. We are independent of the SCIQ in accordance with the ethical requirements Ihat are relevant to our audit of the linancial slatemenls in the UK. including the FRC'S Ethical Slondard, and we have fulfilled our other elhical responsibilities in accordance with these requirements. We believe that the avdil evidence we have obtained 15 sufficient and appropriale to provide a basi5 for our opinion. Conclusions relating Io going concern In auditing the financial statements, we hove concluded thal Ihe trustees, use of Ihe going concern bosis of accounting in the preparotion of Ihe financial stotements is appropriale. Bosed on Ihe work we hove perfotmed, we have not identified any material uncertainties ieSating to events or conditions that, individually or collectively, may ca51 signilicanl doubt on the charitable compony's abilily to continue os a going concern for o period of at least Iwelye months from when the linancial statements are aulhorised for issue. Our responsibilitie5 and Ihe re5pon5ibilities of the trustees Wtth respect to going concem are described in the relevant sections of this report. 12
CYCLING WITHOUT AGE SCOTLAND Scottlsh Charilable Incorporated Organisotlon Independent Audltor's Report lo the Trustees ol Cycllng Wlthovt Age Scolland {contlnued) Other Infomiatlon The trustees are responsible for the other informalion. The other informalion comprises the information included in the truslees, report, other than the financial stalements ond our auditor'5 report Ihereon. Our opinion on Ihe financial statements does not cover the olher inlormalion and. except to Ihe extent otherwise explicilly sloted in our report, we do not expre55 any form of assurance conclusion thereon. In connection with our audit ol Ihe financial staterTients, our responsibility 15 to read the other information and. in doing so, consider whether the olher information is molerially inconsistent with Ihe financial stolemenls or our knowledge oblained in the audit or otherwise appears to be materially mi5slaled. 11 we identify such moterial inconsistencies or apporent moterial misstolemenls, we are required to determine whelher there 15 a material misstalemenl in the financial stolements or a material misstatement of the other information. Sf, based on the work we have performed, we conclude that there is o materiol misstatement of Ihis other information. we are required to ieport that facl. We have nothing to reporl in this regard. Matters on which we are required lo report by exceptlon In the light of our knowledge and understanding of the SCIO and its environment obtained in the course ol the oudil. we hove not idenlified mat1a1 misslotements in the trustees, reporl. We have nothing to report in re5pecl of the following malters in relation to which the Charities Accounts Iscotlandl Regulations 2006 require us to report lo you if, in our opinion.. proper accounting records have not been kept; or the financial statemen15 are not in agreement with the accounting records and retums,. OT we have not received all Ihe information and explanations we require for our audil Responslbllllles of trvstees As explained more fully in the slatement of Irv5tees' responsibilities, the trustees are responsible lor the Pfeparalion of Ihe financial slotemenls and for being satisfied that Ihey give a true and foir view, ond for such internal control a5 Ihe Irustees determine is necessary to enable Ihe preparation of financial statements that ore free from material misslalemenl, whether due lo fraud or error. In preparing the financial statements, the Irvstees ale re5pon5ible for asse55ing the SCIO'S ability to continue as a going concem, disclosing, as applicable, matters relaled to going concefn and using the going concern bosis of accounting vnless Ihe Iruslee5 either intend to liquidate the SCIO or to cease operalions, or hove no realistic allernative bul to do so. l3
CYCLING WITHOUT AGE SCOTLAND Scottish Charltable Incorporoled 0rgoni50tlon Independent Audilor's Report lo the Trustees of Cycllng Wtthovl Age Scolland {conlinued) Auditor's responsibilities for the audit of the Itnanclal $tatemenls We hove been appointed os oudilor under section 4411 Ilcl of the Charilies and Trustee Investment 1Scotlandl Acl 2(K)5 and report in accordance with regulotions made under those Acts. Our objectives are to obtain reasonoble assuronce aboul whether the financial statements os o whole are free from malerial misslolemenl, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducled in accofdonce with ISAS IUKI will always detect a moteriol misstalemenl when it exists. Mi551alemenls can arise from fraud or etror and are considered material if, individually or in the aggregole, they could reasonobly be expected lo influence the economic decision5 of users taken on the basis ol these financial stolements. Irregularities, iric5uding froud, ale inslances of non-compliance with laws and regulolions. We design procedures in line with our responsibilities, oullined obove, lo detect moterial misstatemenf5 in respect of iriegularitie5. including fraud. The specific procedures for this engogemenl and the extent lo which these are capable of detecling irregvlarities, including froud is detailed below.. Inquired of management, and those chorged with govemance. about Iheir own idenlitication and osse55menl of the risks of irregularities, including any known actLJal, suspected or alleged inslances of fraud., The audit engagement team identified the risk ot monagemenl override of contro15 as the areo where fhe financial slalements were most susceptible to moterial misstatement due to fraud. Audit procedure5 performed included but were not limited to testing manual joumal entries and other adjuslmenls, evoluoling the business ralionale in relation lo any significant unusual tronsoctions ond challenging judgements and estimates; Reviewing minutes ol meetings held by management ond those charged with governance lo identify ony matters including octual or altempled froud. litigation ond noncompliance wilh laws and regulations: Inspecting expenditure incurred in the year while making sure this hos been appropriately calegorised in the financiol statements. This included agreeing a sample from the nominal ledgef to purchase invoice while also feviewing posl year end transactions ond invoices lo confirm the completeness ol the expenditure was disclosed. Because of the inherent 1imitalions of an audit, fhere is a risk Ihot we will nol delecl oll irregularities, including those leading to a material misstalemenl in the financiol statement5 or non-compliance with regulotion. This risk increases the more Ihal compliance with o low or regulolion is removed from Ihe events and transoclions rellected in the financial stofements. os we wll be less likely lo become aware of inslances of non-compliance. The risk is olso greater regarding irregvlarilies occurring due to fraud rather than error. as fraud involves inlentional concealmenl, forgery. collusion, omission or rnisrepresenlation. 14
CYCLING WITHOUT AGE SCOTLAND Scolll$h Chailtable Incorporaled Oigonisallon Ind•pendenl AvdiloT'5 Report to Ihe Twslee5 01 Cycllng Wilhoul Age Scolland {contlnued) As part of on oudit in accordance wilh ISA5 IUKI, we exercise professional judgmenl and moiT)toin professional sceplicism Ihrouqhout the aL>dit. We also.. Identify and assess the risks ol material misstatemenl ol the financial stolemenls, whelher due to Iraud or error, design and perform audit procedures responsive to Ihose risks. and obtoin audit evidence thol is sullicient and appropriale lo provide a bosis IDr our opinion. The risk of not detecting a material misstalemenl resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery, intentional Omison9, misrepresenlolions. or the overrtde ol internal control. Obtoin an understanding of internal control relevant lo the oudit in order to de91gn audlt procedures that ore appropriole in the circumslonces, but nol lor the Pufpose of expressing on oplnion on the effectiveness of the SCIO'S internal conlrol. Evaluate the approprioleness of accounting policies used ond the reasonablenes5 of occounting eslimales and related dlsclosures made by the Itustees. Conclvde on the approprialeness of the liuslees, use of the going concern basis of accounting and, bo5ed or) the audil evidence obtained, whether o material uncerlainly exi51s related lo events or conditions that may cost significant doubl on Ihe 5CIO'5 abilily to continue 05 0 going concem. If we concluole thal o material uncertainty exis*s. we are required lo draw ottention in our auditor's report lo the related disc105ures in the financial statemenls or. if such disclosures are inadeqvale, lo modify our oKxnion. Our conclusions are based on Ihe audit evidence obtained vp to the dale of our auditor's ieport. However, future events or condilions moy cause the SCIO lo cease lo continue as o going concern. Evoluate the overall presentation. stnjcture and content of the finonciol statements, including the disclosures. ond whether the finoncial stalements represent the underfying Iransaclions ond events in a manner Ihat achieves tair presentation. We communicate wilh those chorged governance regording. omong other malters. the planned scope and timing of the oudit ond significonl audil findings, including ony significant deficiencies in internal control Ihal we identify during our oudit, Use of our report Thi5 report Is made solely lo the charity's trustees, as a body. in accordance wilh Regulatlon 10 of the Charilies Accounls (Scollandl Regulations 2006. Our audil work has been undertaken so that we might state lo the charity's trustees those molter5 we are required lo stale lo them in on auditor'5 ieport and lor no other purpose. To the fullest extent permilted by law, we do not accept or ossume responsibilily to anyone olher than the charity, the chority's truslees 05 a body. foi our audil WOFk. for Ihis report, or for the opinions we have formed. oran on son 20 Bornlon Slreel, Sllrflng. FK8 1 NE. Dickson Mlddlelon Is ellglble to act as on audllor In lemis ol secllon 1212 ol the Companles Act 200a. 16 Decembei 2025 on, Chartered Accountonts. Stolulory Audttors. 15
CYCLING WITHOUT AGE SCOTLAND Scolli5h Charitable Incoiporaled Oiganlsalion staternent of Flnanclol ActSvllies (Includlng Income and expendtiure account) loi the perlod ended 31$1 March 2025 Note 2025 Total Funds 2024 Total Funds Restrlcted Unrestricted Funds Funds Income: Donations Grant Funding other Income Total 24,058 269.965 125,744 149,802 269.965 41.116 460,883 135.028 374,840 32,357 542,255 41,116 166.860 294,023 Expendlture: Chariloble activities.. Expenditure on choritable aclivities Raising funds Total {382.894} 18,169 401,063 {72.368) (455.262) 1441,2471 2,601 20,770 18,323 74,969 476,032 459,570 Net In¢oming/ (oulgolng) resources belore Iransfers (107.040) 91.891 (15,149) 82.685 Tfansfer belween funds 59,954 (59,954) Surplusl (Defl¢FI) (47.086) 31,937 (15,149) 82.685 Balances brought foard ot l%1 April 2024 600,940 375,476 976.416 893,731 Balances carrled loard at 3151 March 2025 14 553.854 407,413 961,267 976,416 The notes on page$ 19 to 25 lorm part ol these flnoncial stolemenls. 16
CYCLING WITHOUT AGE SCOTLAND Scottish Chaiitable Incorpoialed Oigani5alion Balance sheet a$ al 31$1 March 2025 2025 2024 Notes Flxed assets Tangible fixed assets 10 335,428 411.022 Current assets Debtors Cosh at bank and in hand 139.265 498,548 637,813 79,1 (X) 496,573 575,673 Credhor5.' amounts folling dve within one year 12 17,174 {10.2791 Net cuwyent assets 625,839 565,394 Nel assets 961,267 976,416 Punds Restricted incom fund Funds held for chapters Reslricled grants Capilal fund 168.805 49,621 335,428 144,747 45.171 411,022 14 553,854 000.940 Unrestricled fun Undesignoled funds Tolal 14 407.413 961.267 375.476 976.416 Approved by the board of Irustees on 16 December 2025 and signed on their behalf by.. Chadty Number SC048128 The noles on puge$ 19 to 25 lomi part ol Ihese flnanclol slalemenls. 17
CYCLING WITHOUT AGE SCOTLAND ScolN$h Choiltable Incorporated Qrganlsallon statement of Cash Flows foi the perlod ended 31st March 2025 2025 2024 Reconclllotlon of nel movement in lunds to nel cash Intlow from opeiating acllvilles Net movement in fund5 Inleresl income shown in investing activities Depreciation Movemenl in debtors Movement in creditors Nel cash generated In operaling activllles (15,149) (6,937) 135.548 (60,165) 1,695 54,992 82,685 15.0471 136,441 23,780 1,239 236,620 Cash Ilow$ from Inve51ing octivitles Interest received Purchase of fixed assels Disposal of fixed assets Cash provlded by Investlng actlvllies 6,937 (59.954) 5,047 1152.0061 5,335 141.624 53.017 Inereose in cash and cash equivalents In the yeor 1.975 94.996 Cash and cash equlvalents at l il Aprfl 2024 496,573 401.577 Cash and cash equlvalents al 31x1 March 2025 498,548 496,573 The notes on pages I g to 25 form part of these linanciol statements. 18
CYCLING WITHOUT AGE SCOTLAND Scottish Charitable Incorporated Organlsallon Notes lo Ihe nnanclal slalemenls for the period ended 31 st March 2025 l. Accounting pollcles B05N5 of aration The finoncial stalements have been prepored in accordance with the Financial Reporting Standard applicable in the UK and Repvblic of Ireland IFRS1021, the Chorilies SORP IFRS1021, the Charities and Trustee Investment (Scotland) Acl 2IJ05 and the Charities Accounts (Scotlandl Regulations 2006. The chority meets the definilion ol o public benefit entity under FRS 102. Assessm ntof oin concern The Trustees are ol the opinion that sufficient funding is in place lo cover their planned activities for 2025126. It 15 the considered opinion of the Irustees that the charity hos in place a business model which will enable il lo continue lo operole for ol least o period of 12 months from the approval dole of these financial 5talemenls. Assumption5 hove been made regarding continued grant funding Ihot is currently awarded to March 2026 and is renewed annually. As a result, the going concem basis ol accounting hos been odopled. ncomin re ources All incoming resources are included in the staternenl of financial activities when the charity is entilled lo the income and Ihe amount can be quanlified with re050nable accuracy. The following specific policies are applied lo particular calegories of income.. Voluntary income is received by way of gronts. donations ond gifls and is included in full when receivable. Gronts, where enlillement is not conditional on the delivery of a specific performance by the charity. are Tecogni5ed when the charity becomes unconditionally entitled to the gront. Donated services and facilities are included al the value lo the charity where this can be quontified. The volue of seNices provided by volunteers has not been included. Incorning resources from gronls. where related to performonce and specific deliverable5. are accounted for as the charity eorns the right lo considerotion by its performance. Income 15 deferred for granls which have clow bock conditions. Income from chariloble activilies is recognised as il is earned li.e. as the relaled goods and services ore provided). Investment income 15 included when receivoble. Resoorces Ex nded Expenditure is recognised on on accruals bosis as the liability 15 incurred. Expendilure only includes VAT lo Ihe extent that it cannot be fully recovered. The following specific policies are opplied to particular cotegorie5 of expendilure= Charitable expenditure compT15es those costs InCued by the chorily in the delivery of its activities and programmes for its beneficiaries and their associoted support costs. Governance cost5 include those cost5 associated with meeling the constitulional ond stalulory requirements ol the charity ond include audit lees and c0515 linked to strategic monagement ol the charily. All costs are ollocated belween Ihe expenditure colegories on Ihe basis designed to reflect Ihe use of Ihe resource. 19
CYCLING WITHOUT AGE SCOTLAND Scottish Chariloble Incorpoialed Organisallon Noles to the flnanclal slolements lor the period ended 31st March 2025 (continued) l. Accountlng pollcles (continued) Pensions The charity make5 conlribulions to personal pensions for sloff who have not opled oul. These pensions are defined contribution in natvre ond the charity conlribulions are accounted for by recognising amoun15 payable in the period in the stolemenl of financial activities. Taxation The charity is recogni5ed as o charity for taxation purposes. As such the charity is exempt from fax on income and goins to the extent thot these ore applied to charitable objects. No lax charges have arisen in the charity. ible fixe The cost of tangible fixed assels is their purchase cost or, if gifted, Iheir value at the date of gifl. reciation Depreciotion is provided on fixed assets to write off the cost, less the estimated residual value. evenly over the years stoled below. Ttishaw bikes Motor Vehicles Fixlures, litlings ond equiprnent 7 yeors 5 years 4 yeafs stock stock comprises spare part items for trishaw bikes and is volued at the lower of cost and net realisable value on a first in lirsl out basis making due allowonce lor obsolescence. Debtors are recognised al Ihe settlement amount due. Prepoyments ore valued at the amount prepaid net of any discounts due. redit Credifors are recognised where the charity h05 0 present obligation resulting from a past event that will probably result in the Iron5fer of funds to a third paTty and the omount due to seltle the obligation can be measured or estimoled reliably. CreditOf$ are normally recognised al their setllement amount afler ollowing for any discount5 due. Financial instrum nls The charity only has finonciol asset5 and financial liobilitie5 of a kind Ihal qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently remeasured at their seltlemenl value. Fund accountin The various reseTves sel aside by the chatity are as follows.. Restricted funds are subject to restriclions on their expenditure imposed by the donor or through the lerms of o grant. Unrestricted funds are available for use ot Ihe discrelion of the truslees in furtherance of the general objectives of the charÈty. Designated funds ore unreslTlCted fvnds earmarked by the Iruslees for particular purposes. 20
CYCLING WITHOUT AGE SCOTLAND Scohlsh Charltable Incorporoled Organ15allon Noles to the flnanclal slalements lor the perlod ended 31st Maich 2025 (conllnued} 2. DOnOn5 Unreslrtcled Restricted Funds Funds 2025 Total 2024 Total Donotions Donalions from chopters other donations 125,744 24,058 749.802 127.807 7,221 149.802 135,028 125,744 24.058 Incomlng resources from granl Ivndlng Unreslrlcled Funds Restrlcted Funds 2025 Total 2024 Total Path5 foi All ioo.000 i 00,000 Active Scollond Foundation Scotland Cycling UK others 150.000 150,000 150,000 150,(K)O 134,970 19,965 39,9(yJ 269,965 374,870 19,965 269.965 4. Other Income Unreslilcled Funds Restflcfed Funds 2025 Total 2024 Total Bank interest other income 6,937 34.179 41.116 6,937 5,047 34,179 27,310 41,116 32,357 21
CYCIING WITHOUT AGE SCOTIAND Scottish Chafltoble Incorpoioted Organlsatlon Notes lo the flnanclal statement5 for the perfod ended 31st Maich 2025 (contlnued) Analysts of expendllure on charitable octlvltles Basls ol Apportionmenl Raising lunds Charitable aclivilies 2025 Total 2024 Total staff costs Premises Insurance Travel Advertising & events Repoir costs Motor costs Consultancy Project costs other cosls Depreciation Slaff time Direct Direct Direct Direct Direct Direcl Direct Direct Direct Direct 18,169 7 55,328 8.250 34,225 7,586 8,753 12.879 ii,034 23,414 173,497 156,138 8,250 8.250 34,225 26,293 7,586 4,314 ,753 13,416 12,871 25,545 11.034 10,377 23,464 17,726 7,617 1,178 5,336 135,548 136,440 416.414 411,452 1,178 135.548 398,245 18.169 Support cost5 Governance costs Direct stofl lime 8&0 1,741 2,601 18,850 38,167 57.017 19,710 14,654 39,908 33,464 59,618 48,118 20,770 455.261 476,032 459,570 Allocallon of Support & Governance Cosls Basls of Apporflonment Svpp¢)rt Govemance Costs Costs 2025 Total 2024 Totol Wages & 501aries Audit fees Consultancy Postage. printing, stationery Telephone Computer Training Other expenses stoff time Direct Direct Direct Direct Direct Direct Direct 78,886 18,886 5,630 21,022 7,175 1,427 828 1,500 3,150 59.618 18,917 5,660 14.547 4.853 1.427 1,502 5.630 21.022 7.175 1,427 828 1,500 3,150 1?.710 1,212 48.118 39.908 22
CYCLING MTHOUT AGE SCOTIAND Scottish Charltable Incorpoiated Oigonisallon Notes to the ffnanclal $tatemenls for the period ended 3151 March 2025 (conllnved) Operaling surplus The operating surplus is stated after charging:_ 2025 2024 staff pension conlribulions Auditor5 remuneration Depreciation Operating lease rentals 4,9S4 5.630 135,548 8.250 4,656 5,660 136,440 8,250 audil Wages and Solarle$ A summary ol the wages costs for the chority's employees is shown below: _ 2025 2024 Aggregale gross wages and salaries paid to employees National Insurance other pension cosls 175,999 11,430 4.954 192,383 160,273 10,473 4,656 175,402 Number of Employees The average number ot employees during the period was 7 {2024: 61. No employee received remuneration in excess of £60.000. For the purposes of this disclosure. the key management personnel are defined as the senior management leom whose aggregate remuneration in the period was £56,817 12024.. £57.0051. No Trustee received any remuneration during Ihe period. Expenses of £201 12024.. £4641 for travel expenses and working from home expenses were reimbursed to trustees. Relaled party fransactions None. 23
CYCLING WITHOUT AGE SCOTLAND Scottlsh Charllable Incorporated Orgonisation Notes lo the Ilnanclal 5tolements lor the peilod ended 31st March 2025 (continved) 10. Tanglble Ilxed o$sets Motor Fixtures Trlshows Vehlcle5 & Fttting$ Total Cosl Al I sl April 2024 Additions Disposals At 31 March 2025 880,727 59.954 25,834 70.605 977.116 59.954 940,681 25,834 70,605 1,037.120 Deprecialion At I st April 2024 Charge for the period On disposals Al 31 March 2025 501.729 122.609 25.834 38,581 12,939 566.144 135.548 624,338 25.834 51,520 701.692 Nel book value Al 31 March 2025 At l %1 April 2024 316.343 378.998 19,085 32,024 335.428 411,022 1 l. Debtors 2025 2024 Debtors Other debtors & prepayments 36.916 102,349 139,265 25,939 53,161 79,100 12. Creditors.. amounls folllng due wtlhin one year 2025 2024 Accruals & deferred income other taxalion & social security 8.173 3.801 11,974 7,117 3,162 10,279 13. Operallng lease commttments The charily had totol future minimum commitments under non-concellable operating leoses of'.- 2025 2024 Within one yeor Between 2 ond 5 years Over 5 years 8.250 8.250 8,250 8,250 24
CYCLING WITHOUT AGE SCOTLAND Scottl$h Choritable Incorporated Organlsallon Notes to the financial statements loi the period ended 31st Morch 2025 (continued) 14. lund Reconclllallon At ist Aprll 2024 Income Expenditvre Transfers At31st March 2025 Unreslrlcted funds General funds 375,476 166,860 174,9691 159,9541 407,413 375,476 166,860 174.9691 159,9541 407.413 Restrlcted lunds Funds held for chopters Restficted grants 144.747 24,058 45,171 269,965 168,805 49,621 1265,5151 Capilal fund 411.022 (135,5481 59,954 335,428 600,940 294.023 1401,0631 59,954 553.854 976,416 460.883 1476,0321 961,267 Purposes of restficted funds . Funds held lor chapters This represents donations received from various organisations lo allow Cycling Withovl Age Scotland lo purchase tri5haw bikes. The balance ol Ihe perÈod end represents amounts donated towards individual bikes, when enough lunding is secured lo purchase o bike the funds are transferred to the capitol accounl. Reslrfcled granls Moin restricled funding grant lo deliver Ihe Cycling Wilhout Age Scotlond project. Capbal Ivnd Fund equal to the value of fixed assets acquired from funding sources restricted for copitol costs. Per note l O. the majority of these funds are the net book value of the Trishaw bike5. 15. Analysls ol nel as$els between funds 2025 Tolal Funds 2024 Total Fvnd$ Restrlcted Unrestricted Flxed assets Current a$$ets 335,428 335.428 411,022 Debtors Cash at bank and in hond 49.621 168,805 218,426 89.644 131,265 79,1 (K) 329,743 498.548 496,573 419.387 637,873 575,673 11,974 11.974 10,279 cuent Ilobllttles Nel current assets 218,426 407.413 625.839 565,394 t Assets Fu 553,854 407,413 961,267 976,416 25