al : 

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 

|bs<br>a<br>ttegees|ee|ee<br>Contents ofthe Financial Statements<br>ae ese:<br>fortheYearEnded31 October2025||sere,<br>RE|sere,<br>RE|eM,|be<br>Bos.|See<br>=. nye|
|---|---|---|---|---|---|---|---|---|
|||||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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Sunny Cycles 

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

||||||,|||2025||2024|
|---|---|---|---|---|---|---|---|---|---|---|
|mZ!<br>or<br>.<br>is<br>i<br>cae fle<br>7G!<br>ré<br>*<br>INCOME-AND-ENDOWMENTS|FROM||Notes||Unrestricted <br>fund<br>£|.|Restricted<br>‘fund=<br>£<br>tee|Total<br>’ funds<br>£<br>on wn oe||Total.<br>funds<br>£.<br>2:|
|Donations and legacies|||2||24,928||-|24,928||3,594|
|Charitable activities|||4||||||||
|Restricted charitable activites<br>Unrestricted charitable activities|||||«<br>-||86,418<br>-|86,418<br>-||142,825<br>3,500|
|Charitable activities||_|8||15,439||Sins Ai|15,439|..|5;?47|
|Towlerise ©|Ss||||40,367||> 86418|128,785||155,866|
|Restrictad‘charitableactivites,<br>UnrestrictedCharitable act!vities||||.|-<br>33,165||110,419<br>‘3<br>-|110,419<br>33,165||66,822<br>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<br>ey Page 5<br>**----- End of picture text -----**<br>


continued... 

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 

1. 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 

Page 7 

continued... 

## Sunny Cycles 

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

|2.|DONATIONS AND LEGACIES||al|
|---|---|---|---|
||setts<br>:|2025 ~|2024<br>.|
|||“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<br>Paths for all|4,800<br>33,913|-<br>43,912|
||Clyde Gateway<br>Cycling UK<br>Lotteryfund<br>People's Postcode Trust<br>GlasgowSocial Enterprise<br>Scottish Forestry|-<br>-<br>19,992<br>-<br>-<br>2,500|500<br>63,413<br>10,000<br>25,000<br>1,000<br>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|



Page 8 

continued... 

, 

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<br>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<br>Unrestricted<br>fund||Restricted<br>fund|||-||Total<br>funds|
||INCOMEAND ENDOWMENTS FROM<br>Donations and legacies|3,594|a<br>Sina<br>.<br>tok||||'s*|3,694|
||Charitable activities<br>Restricted charitable activites|-|=<br>142,825|.|*|..142,825|||
||Unrestricted charitable activities|3,500|=|||~||*3,500|
||Charitable activities<br>4|5,747|=|||||5,747|
||Total<br>||12,841|142,825||||~=——‘155,666||
||||.||||||
|||||||||=|
||EXPENDITUREON||||||||
|||Page9||||continued...|||



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<br>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|



Page 10 

continued... 

Sunny Cycles 

## 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)|
|||Page11|||continued...|



Sunny Cycles 

13. 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|

**----- End of picture text -----**<br>


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|

**----- End of picture text -----**<br>


Page 12 

continued... 

## 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. 

Page 13 

Sunny Cycles 

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

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



This page does not form part of the statutory financial statements 

Page 14 

. 

## Sunny Cycles 

||Detailed Statement of Financial Activities|||
|---|---|---|---|
||for the Year Ended 31 October 2025|||
|||2025|2024|
|||3|5|
|Charitable activities||||
|Broughtforward<br>Volunteerexpenses<br>Profession fees||129,372<br>348<br>377|82,210<br>-<br>-|
|Repairs<br>Plantand machinery<br>Computer equipment||1,088<br>42,371<br>28|-<br>12,175<br>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 

Page 15