**REGISTERED CHARITY NUMBER: SC051019** ## **Report of the Trustees and** **Unaudited Financial Statements** **for the Year Ended 30 June 2024** **for** **Bikes4Christmas** Jackson Moughal Limited 2 Fitzroy Place Sauchiehall Street Glasgow Lanarkshire G3 7RH Bikes4Christmas **Contents of the Financial Statements for the Year Ended 30 June 2024** ||Page| |---|---| |**Report of the Trustees**|**1 to 3**| |**Independent Examiner's Report**|**4**| |**Statement of Financial Activities**|**5**| |**Balance Sheet**|**6**| |**Notes to the Financial Statements**|**7 to 10**| |**Detailed Statement of Financial Activities**|**11**| Bikes4Christmas **Report of the Trustees for the Year Ended 30 June 2024** The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The trustees of Bikes4Christmas are pleased to present their annual report together with the financial statements for the year ended 30th June, 2024. Bikes4Christmas is a charitable organisation based in Scotland, dedicated to providing bicycles to underprivileged children. We work closely with local authority social work departments to identify needy families and ensure children receive a bike at Christmas, promoting both physical health and mental well-being. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** In 2024, Bikes4Christmas successfully raised £11,000 through various fundraising initiatives, community events, and generous donations. As a result, we were able to distribute bicycles to children across Ayrshire. ## **Fundraising activities** Our annual bike ride and Christmas gala dinner were hugely successful, raising awareness and crucial funds for our cause ## **Community Partnerships** : We expanded our partnerships with local businesses and organisations, securing in-kind donations and logistical support. ## **Volunteer Engagement** : Our volunteer base grew by 12%, allowing us to deliver bikes more efficiently and enhance community outreach. Page 1 Bikes4Christmas Report of the Trustees for the Year Ended 30 June 2024 ## **FINANCIAL REVIEW** ## **Financial position** The financial health of Bikes4Christmas remains robust, thanks to our diligent fundraising efforts and responsible management of resources. The total income generated during the year was £11,000, and total expenses amounted to £13,487. The addition amount in expenses was covered by the surplus and reserves. Looking Ahead: New Initiatives for 2024 ## 1. Bicycle Repair Workshops: We plan to introduce bicycle repair workshops where children and their families can learn basic bike maintenance skills. This initiative aims to empower recipients to care for their bicycles and ensure longevity, fostering a sense of ownership and responsibility. ## 2. Cycling Safety Program: In partnership with local schools and community centres, we will launch a cycling safety program to educate children on road safety, cycling etiquette, and best practices. The goal is to enhance the safety of young cyclists and promote confident, responsible riding. ## 3. Bikes4Christmas Community Hub: We are exploring the establishment of a dedicated community hub that will serve as a central point for donations, volunteer coordination, and community engagement activities. This hub will also function as a space for hosting our repair workshops and safety programs, enhancing our visibility and impact in the community ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Bikes4Christmas is governed by a board of trustees who meet quarterly to oversee the charity's activities and ensure compliance with legal and regulatory requirements. The trustees are supported by a dedicated team of volunteer staff members. We would like to extend our heartfelt thanks to all our supporters, donors, volunteers, and partners whose unwavering support has made our work possible. We are excited about our new initiatives and look forward to continuing our mission of bringing joy and bicycles to underprivileged children in Scotland ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** SC051019 ## **Principal address** Page 2 Bikes4Christmas ## **Report of the Trustees** ## **for the Year Ended 30 June 2024** **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Jackson Moughal Ltd 2 Fitzroy Place Sauchiehall Street Glasgow Lanarkshire G3 7RH Approved by order of the board of trustees on 28[th] March 2025 and signed on its behalf by: Page 3 **Independent Examiner's Report to the Trustees of Bikes4Christmas** ## **Independent examiner's report to the trustees of Bikes4Christmas** I report to the charity trustees on my examination of the accounts of Bikes4Christmas (the Trust) for the year ended 30 June 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent 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. Jackson Moughal Ltd 2 Fitzroy Place Sauchiehall Street Glasgow Lanarkshire G3 7RH Date: 28[th] March 2025 Page 4 Bikes4Christmas **Statement of Financial Activities for the Year Ended 30 June 2024** |**INCOME AND ENDOWMENTS FROM Notes**
Donations and legacies
**EXPENDITURE ON**
**Charitable activities**
Raising funds 2
Other
General
Total
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|
Year Ended 30/6/24
Unrestricted fund
£
Year Ended 30/6/23
Unrestricted fund
£
12,297
6,782
365
410
825
1,161
13,487
8,353
(2,487)
(1,352)
3,270
4,622
783
3,270| |---|---| The notes form part of these financial statements Page 5 Bikes4Christmas ## **Balance Sheet 30 June 2024** **2024 2023 Total funds Total funds Notes £ £ CURRENT ASSETS Debtors 4 833 833 Cash at bank 700 3,617** 1,533 4,450 **CREDITORS Amounts falling due within one year 5 (751) (1,181) NET CURRENT ASSETS 782 3,269 TOTAL ASSETS LESS CURRENT LIABILITIES 782 3,269 NET ASSETS 782 3,269 FUNDS 6 Unrestricted funds 782 3,269 TOTAL FUNDS 782 3,269** The financial statements were approved by the Board of Trustees and authorised for issue on 28[Th] March 2025 and were signed on its behalf by: The notes form part of these financial statements Page 6 Bikes4Christmas Notes to the Financial Statements for the Year Ended 30 June 2024 ## 1. **ACCOUNTING POLICIES** Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 7 Bikes4Christmas Notes to the Financial Statements - continued for the Year Ended 30 June 2024 ## 2. **TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the period ended 30 June 2023. ## _Trustees' expenses_ There were no trustees' expenses paid for the year ended 30 June 2024 nor for the period ended 30 June 2023. ## 3. **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||||Unrestricted| |---|---|---|---| ||||fund| ||||£| ||**INCOME AND ENDOWMENTS FROM**||| ||Donations and legacies||7001| ||**EXPENDITURE ON**||| ||**Charitable activities**||| ||Raising funds||5,636| ||Other||2617| ||General||100| ||Total||8,353| ||**NET INCOME**||(1,352)| ||**TOTAL FUNDS CARRIED**||| ||**FORWARD**||3,270| |4.|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||2024|2023| |||£|
£| ||Other debtors|833|833| continued... Page 8 Bikes4Christmas Notes to the Financial Statements - continued for the Year Ended 30 June 2024 5. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other creditors
6.
**MOVEMENT IN FUNDS**
Unrestricted funds General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as
follows:
Unrestricted funds General fund
**TOTAL FUNDS**
**omparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Other creditors
6.
**MOVEMENT IN FUNDS**
Unrestricted funds General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as
follows:
Unrestricted funds General fund
**TOTAL FUNDS**
**omparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|2024
£
751
2023
£
1,180
At 1/7/23
Net
movement in
funds
At 30/6/24
£
£
£
3,270
(2,487)
783
3,270
(2,487)
783
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
11,000
(13,487)
(2,487)
11,000
(13,487)
(2,487)
Net
movement
At
in funds
30/6/23
£
£
3,270
3,270
3,270
3,270| |---|---|---| |||| ## **Comparatives for movement in funds** continued... Page 9 Bikes4Christmas Notes to the Financial Statements - continued for the Year Ended 30 June 2024 ## 6. **MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
**General fund**
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
13,881
(9,259)
4,622
13,881
(9,259)
4,622| |---|---| ||13,881| ## 7. **RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 June 2024 Page 10 Bikes4Christmas Detailed Statement of Financial Activities **for the Year Ended 30 June 2024** Year Ended Year Ended 30/06/2024 30/06/2023 ## **INCOME AND ENDOWMENTS** |**Donations and legacies**
Gifts
Donations
Total incoming resources
**EXPENDITURE**
**Support costs**
Management Rent
Light and heat
Sundry expenses
Cleaning
Repairs
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|||11,000|1
7,000| |---|---|---|---|---| ||||11,000|7,001| ||||11,000
9,053
2028
1266
315|7,001
5,636
800
100
390
771
7,697
6
650
8,353
(1,352)| ||||12,662
5
820|| ||||13,487|| ||||(2,487)
|| This page does not form part of the statutory financial statements Page 11