2025-11-30-accounts - Sunny Cycles

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REGISTERED COMPANY NUMBER: CS006006 (Scotland) REGISTERED CHARITY NUMBER: SC052135

Report of the Trustees and Financial Statements for the Year Ended 31 October 2025

for Sunny Cycles

Rennie Smith & Co Chartered Accountants 1160 Tollcross Road Glasgow G32 8HE

Sunny Cycles

ee Contents ofthe Financial Statements ae ese: fortheYearEnded31 October2025		sere, RE	sere, RE
		Page
ReportoftheTrustees	1	to	2
Independent Examiner's Report		3
Statement of Financial Activities		4
Balance Sheet	5	to	6
Notes to the Financial Statements	7	to	13
DetailedStatementofFinancialActivities	14	to	15

Sunny Cycles

Report of the Trustees for the Year Ended 31 October 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2025. 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 organisation's objectives are as follows:-

1 To bea positive force in the community and make environment-friendly exercise on two, three and four . wheels safe, healthy and fun for all - regardless of participants' ages or abilities. 2 To encourage cyclists to make more use of the extensive cycling network available to them in and around . Glasgow. 3 To train people of all ages how to ride safely paying due regard to the safety and wellbeing of others that . are affected by cycling activities. 4 To train cyclists how to carry out basic safety checks and maintenance tasks on their own machines; and . to be able to assist others who ask for their help.
5 To encourage people to become active volunteers in the cycling community with particular emphasis on
. them assisting people of all ages and abilities (or disabilities) to be able to participate on wheels.

FINANCIAL REVIEW

Financial position

The movement of the financial activity is disclosed in the SOFA at page 4 of the accounts. The balance of cash and cash equivalents at the balance sheet date was £42,677, with £34,803 of that sum being held as _ restricted funds.

Principal funding sources

The principal source of funds is by way of grants from various organisations including Glasgow Council, Paths for All, The National Lottery and Glasgow Life. The charity was also in receipt of donations from various companies through their Corporate Social Responsibility programmes.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The trustees have assessed the major risks to which the charity is exposed. In particular those relating to the operation and finances of the charity, and are satisfied that systems are in place to mitigate the exposure to the major risks.

Reserve policy The general fund represents the unrestricted funds arising from operating activities and represents the free reserves of the charity. The trustees have examined the requirements to maintain free reserves and have concluded that around 3 months of normal operating expenditure is adequate for ordinary operating requirements.The general fund is currently in excess of that level.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CS006006 (Scotland)

Registered Charity number $C052135

Page 1

Sunny Cycles

Report of the Trustees for the Year Ended 31 October 2025

Registered office 15 East Campbell Street Glasgow G1 SDT . independént Examiner if Rennie Smith & Co. is FEE Chartered Accountants , 1160 Tollcross Road Glasgow ' G32 8HE Approved by order of the board of trustees on ee EWANEL, cee and signed on its behalf by:

Page 2

Independent Examiner's Report to the Trustees of Sunny Cycles

| report on the accounts for the year ended 31 October 2025 set out on pages four to thirteen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)}(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Rennie Smith & Co." .
Chartered1160 TollcrossAccountantsRoad :
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G32 BHE
Date: bila RE
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Sunny Cycles

Statement of Financial Activities for the Year Ended 31 October 2025

					,			2025		2024
mZ! or . is i cae fle 7G! ré * INCOME-AND-ENDOWMENTS	FROM		Notes		Unrestricted fund £	.	Restricted ‘fund= £ tee	Total ’ funds £ on wn oe		Total. funds £. 2:
Donations and legacies			2		24,928		-	24,928		3,594
Charitable activities			4
Restricted charitable activites Unrestricted charitable activities					« -		86,418 -	86,418 -		142,825 3,500
Charitable activities		_	8		15,439		Sins Ai	15,439	..	5;?47
Towlerise ©	Ss				40,367		> 86418	128,785		155,866
Restrictad‘charitableactivites, UnrestrictedCharitable act!vities				.	- 33,165		110,419 ‘3 -	110,419 33,165		66,822 27,605
foe, af igo					33,165	*	140,419	143,584		94,427
NETINCOME/(EXPENDITURE)					7,202		(24,001)	(16,799)		61,239
RECONCILIATION OF FUNDS
Total funds broughtforward					57,323		54,246	111,569		50,330
TOTALFUNDSCARRIEDFORWARD					64,525		30,245	94,770		111,569

The notes form part of these financial statements

Page 4

Sunny Cycles

Balance Sheet 31 October 2025

				2025	2024
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	2	£	£	£
FIXED ASSETS
Tangible assets	10	49,539	-	49,539	48,784
CURRENTASSETS
Debtors	11	3,713	-	3,713	3,145
Cash at bank		12,024	30,653	42,677	60,799
		15,737	30,653	46,390	63,944
CREDITORS
Amounts falling duewithin one year	12	(751)	(408)	(1,159)	(1,159)
NET CURRENT ASSETS		14,986	30,245	45,231	62,785
TOTAL ASSETS LESS CURRENT
LIABILITIES		64,525	30,245	94,770	111,569
NET ASSETS		64,525	30,245	94,770	111,569
FUNDS	13
Unrestricted funds				64,525	57,323
Restricted funds			:	30,245	54,246
TOTALFUNDS				94,770	111,569

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006. : The trustees acknowledge their responsibilities for ot 5 ‘ se (a) ensuring that the charitable company keeps accounting records that comply with Sections .386.and 387 of the Companies Act 2006 and i oe a ae ae
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable companyas at the end of-each financial year and of its surplus or deficit.for each financial year in accordance ‘with the requirements of Sections 394 and 395 and which otherwise comply with the
’ requirements of the Companies Act 2006 relating to financial statements,: so far as applicable charitable company. ; : er en to the

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saa re ARE ‘The notes form part of these financial statements
ey Page 5
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Sunny Cycles

Balance Sheet - continued 31 October 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

TheViteatineaa5 .\2,)gee Deissiu...i.statements andwere wereapprovedsigned onbyits behalfthe Boardby: of Trustees and authorised for issue on

The notes form part of these financial statements

Page 6

Sunny Cycles

ACCOUNTING POLICIES

Notes to the Financial Statements for the Year Ended 31 October 2025

Basis of preparing the financial statements

The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. in re-assessing asset lives. Factors such as technology innovation and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, remaining life of the asset and projected disposal values.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance Computer equipment - 33% on reducing balance

Taxation

The charity is exempt from corporation 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. . ce 2

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Sunny Cycles

Notes to the Financial Statements - continued for the Year Ended 31 October 2025

2.	DONATIONS AND LEGACIES		al
	setts :	2025 ~	2024 .
		“24,928	3,594
3:	CHARITABLE ACTIVITIES
		2025	2024
		£	£
	Project income	15,439	5,747
4.	INCOME FROM CHARITABLE ACTIVITIES
		2025	2024
		Restricted
		charitable	Total
		activites	activities
		£	£
	Glasgow City Council	7,858	-
	Cycling Scotland Paths for all	4,800 33,913	- 43,912
	Clyde Gateway Cycling UK Lotteryfund People's Postcode Trust GlasgowSocial Enterprise Scottish Forestry	- - 19,992 - - 2,500	500 63,413 10,000 25,000 1,000 2,500
	Foundation for integrated travel	2,499	-
	Internship fund	2,016	-
	St Nicholas Care Fund	1,600	-
	Volant Trust	5,000	-
	Wheels in Motion	6,240	-
		86,418	146,325

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Sunny Cycles

	Notes to the Financial Statements - continued
	for the Year Ended 31 October2025
5.	CHARITABLE ACTIVITIES COSTS
		Direct
		Costs
		2
	Restricted charitable activites	110,419
	Unrestricted charitable activities	33,165
		143,584
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated after charging/(crediting):
	2025	2024
	£	E
	Depreciation -owned assets 12,399	12,217
ts	TRUSTEES' REMUNERATION AND BENEFITS
	There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the
	yearended31October2024.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024. 8. STAFF COSTS

The average monthly number of employees during the year was as follows:

			2025				2024	2024
	Bike skill providers		5					4
	No employees received emoluments in excess of£60,000.
9.	COMPARATIVES FORTHESTATEMENT OF FINANCIALACTIVITIES Unrestricted fund		Restricted fund			-		Total funds
	INCOMEAND ENDOWMENTS FROM Donations and legacies	3,594	a Sina . tok				's*	3,694
	Charitable activities Restricted charitable activites	-	= 142,825	.	*	..142,825
	Unrestricted charitable activities	3,500	=			~		*3,500
	Charitable activities 4	5,747	=					5,747
	Total		12,841	142,825				~=——‘155,666
			.
								=
	EXPENDITUREON
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Sunny Cycles

Notes to the Financial Statements - continued for the Year Ended 31 October 2025

9.	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES	- continued	- continued
		Unrestricted		Restricted	Total
		fund		fund	funds
		2		3	£
	Charitable activities
	Restricted charitable activites		-	66,822	66,822
	Unrestricted charitable activities	27,605		-	27,605
	Total	27,605		66,822	94,427
	NET INCOME/(EXPENDITURE)	(14,764)		76,003	61,239
	Transfers between funds	49,709		(49,709)	-
	Net movement in funds	34,945		26,294	61,239
	RECONCILIATION OF FUNDS
	Total funds brought forward	22,378		27,952	50,330
	TOTAL FUNDS CARRIED FORWARD	57,323		54,246	111,569
10.	TANGIBLE FIXED ASSETS
		Plant and		Computer
		machinery		equipment	Totals
		£		£	£
	COST
	At1November2024	63,590		191	63,781
	Additions	13,154		-	13,154
	At 31 October 2025	76,744		191	76,935
	DEPRECIATION
	At 1 November 2024	14,891		106	14,997
	Charge for year	12,371		28	12,399
	At 31 October 2025	27,262		134	27,396
	NET BOOKVALUE
	At 31 October 2025	49,482		57	49,539
	At31October2024	48,699		85	48,784

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Notes to the Financial Statements - continued for the Year Ended 31 October 2025

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025	2024
				£	£
	Other debtors			3,713	2,567
	Prepayments			-	578
				3,713	3,145
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025	2024
				£	£
	Accrued expenses			1,159	1,159
13.	MOVEMENT IN FUNDS
				Net
			At	movement	At
			4ATDA	in funds	31.10.25
			£	£	£
	Unrestricted funds
	General fund		57,323	7,202	64,525
	Restricted funds
	Restricted fund		54,246	(24,001)	30,245
	TOTAL FUNDS		111,569	(16,799)	94,770
	Net movement in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			£	£	£:
	Unrestricted funds
	General fund		40,367	(33,165)	7,202
	Restricted funds
	Restricted fund		86,418	(110,419)	(24,001)
	TOTAL FUNDS		126,785	(143,584)	(16,799)
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MOVEMENT IN FUNDS - continued

Notes to the Financial Statements - continued eee, for the Year Ended 31 October 2025

Comparatives for movement in funds

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Net|Transfers| |At|movement|between|At| |1.11.23|in|funds|funds|31.10.24| |Fr|£|2|£| |Unrestricted|funds| |General|fund|22,378|(14,764)|49,709|57,323| |Restricted|funds| |Restricted|fund|27,952|76,003|(49,709)|54,246| |TOTAL FUNDS|50,330|61,239|-|111,569| |Comparative|net movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|va| |Unrestricted|funds| |General|fund|12,841|(27,605)|(14,764)| |Restricted|funds| |Restricted|fund|142,825|(66,822)|76,003| |TOTAL|FUNDS|155,666|(94,427)|61,239|

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A current year 12 months and prior year 12 months combined position is as follows:

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||||||| |---|---|---|---|---|---| |Net|Transfers| |At|movement|between|At| |1.11.23|in|funds|funds|31.10.25| |£|£|£|£| |Unrestricted|funds| |General|fund|22,378|(7,562)|49,709|64,525| |Restricted|funds| |Restricted|fund|27,952|52,002|(49,709)|30,245| |TOTAL FUNDS|50,330|44,440|-|94,770|

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Sunny Cycles

Notes to the Financial Statements - continued for the Year Ended 31 October 2025

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	53,208	(60,770)	(7,562)
Restricted funds
Restricted fund	229,243	(177,241)	52,002
TOTALFUNDS	282,451	(238,011)	44,440

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2025.

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Sunny Cycles

Detailed Statement of Financial Activities for the Year Ended 31 October 2025

	2025	2024
	£	a
INCOME AND ENDOWMENTS
Donations and legacies Donations JustGiving	15,771 9,157	2,175 1,419
	24,928	3,594
Charitable activities
Projectincome	15,439	5,747
Charitable activities
Glasgow City Council Cycling Scotland Paths for all	7,858 4,800 33,913	- - 43,912
Clyde Gateway Cycling UK Lotteryfund People's Postcode Trust GlasgowSocial Enterprise Scottish Forestry Foundation forintegrated travel Internship fund St Nicholas Care Fund	- - 19,992 - - 2,500 2,499 2,016 1,600	500 63,413 10,000 25,000 1,000 2,500 - - -
Volant Trust	5,000	-
Wheels in Motion	6,240	-
	86,418	146,325
Total incoming resources	126,785	155,666
EXPENDITURE
Charitable activities
Wages New Scots Fund	79,085 780	46,878 4,319
Session fees	33,140	14,947
Sundryexpenses Computer costs Telephone Advertising Accountancy Insurance	6,097 601 106 342 1,560 1,002	8,548 728 95 610 750 880
Training Collective office	tt 4,000	2,305 2,150
Travel expenses Carriedforward	1,882 129,372	- 82,210

This page does not form part of the statutory financial statements

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Sunny Cycles

	Detailed Statement of Financial Activities
	for the Year Ended 31 October 2025
		2025	2024
		3	5
Charitable activities
Broughtforward Volunteerexpenses Profession fees		129,372 348 377	82,210 - -
Repairs Plantand machinery Computer equipment		1,088 42,371 28	- 12,175 42
		143,584	94,427
Total resources expended		143,584	94,427
Net(expenditure)/income		(16,799)	61,239

This page does not form part of the statutory financial statements

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