for the Period Ended 30 November 2023
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Balance sheet | |
Additional notes | |
Community Interest Report |
for the Period Ended
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Cost of sales: |
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As at
Notes | 2023 | 2022 | |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 November 2023
Basis of measurement and preparation
for the Period Ended 30 November 2023
2023 | 2022 | |
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Average number of employees during the period |
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The company runs a community bike repair workshop with the aim of improving access to bicycle maintenance facilities in an area otherwise lacking them. We started the workshop in 2016 having been approached by our local council who were looking for someone to run a new project. We offer low cost or free repairs to local residents of all ages. In the year 2022 / 2023 we have benefited the community in the following ways: - We repaired 371 bikes. These repairs can be as simple as inflating tyres and oiling chains to major overhauls with many new parts. - We encourage cyclists to stay with us so we can explain the process of carrying out the repairs to empower them to maintain their own bikes. - If customers know how to carry out their repairs but lack tools or parts they are welcome to use our facilities while being able to ask for help from our mechanics. - We encourage cyclists to cycle safely and securely, giving out USB rechargeable lights and giving advice on locking their bikes. - Many local residents have noted that they have seen as increase in cycling in the local area following the running of our workshop. - Our customers frequently tell us how important cycling is to them; both to their mental and physical health but also practically, allowing them to travel around the city for work and leisure.
Our stakeholders are the residents of the local area, a housing estate in East Brighton. Our directors and volunteers live nearby and have done so for many years. We constantly seek feedback from the customers who use our workshop to find out ways in which we can improve the services we offer. Following this we have increased the breadth of tools and parts that we can offer so that we can carry out repairs more quickly. Multiple people have asked us to increase the number of hours that we run the workshop but unfortunately resources do not allow us to do so. We have been asked by individuals and other social services if we could offer more volunteering opportunities but unfortunately resources do not allow this at the current time.
The total amount paid or receivable by directors in respect of qualifying services was £5,280.66.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
22 August 2024
And signed on behalf of the board by:
Name: Iain Baxter Wilson
Status: Director