YATE COMMUNITY BIKE HUB CIC

Company limited by guarantee

Company Registration Number:
14544401 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 16 December 2022

End date: 31 December 2023

YATE COMMUNITY BIKE HUB CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

YATE COMMUNITY BIKE HUB CIC

Balance sheet

As at 31 December 2023

Notes 13 months to 31 December 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors: 3 300
Cash at bank and in hand: 9,153
Investments:   0
Total current assets: 9,453
Prepayments and accrued income: 2,064
Creditors: amounts falling due within one year: 4 ( 776 )
Net current assets (liabilities): 10,741
Total assets less current liabilities: 10,741
Accruals and deferred income: ( 7,432 )
Total net assets (liabilities): 3,309
Members' funds
Profit and loss account: 3,309
Total members' funds: 3,309

The notes form part of these financial statements

YATE COMMUNITY BIKE HUB CIC

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 September 2024
and signed on behalf of the board by:

Name: Nicola Clarke
Status: Director

The notes form part of these financial statements

YATE COMMUNITY BIKE HUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

YATE COMMUNITY BIKE HUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    13 months to 31 December 2023
    Average number of employees during the period 0

YATE COMMUNITY BIKE HUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

13 months to 31 December 2023
£
Trade debtors 300
Prepayments and accrued income 0
Other debtors 0
Total 300

YATE COMMUNITY BIKE HUB CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

13 months to 31 December 2023
£
Taxation and social security 776
Total 776

COMMUNITY INTEREST ANNUAL REPORT

YATE COMMUNITY BIKE HUB CIC

Company Number: 14544401 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Yate Community Bike Hub is a volunteer run initiative whose activities support the community of Yate and its surrounding areas in a mission to make movement on two wheels a fun and accessible option for everyone. In 2023 through our volunteer workshops we have recycled over 700 donated bikes back into the community at low or no cost to provide affordable cycles for anyone that needs a bike including 50 bikes gifted free of charge to those most in need. We have run 14 free maintenance courses and practice sessions empowering more than 70 people to fix their own bikes. We have also run 4 police bike marking events and 24 Dr Bike sessions to get simple fixes done free of charge. We have worked with local education providers to support 3 work experience placements for young adults with additional needs to give them the experience of maintaining bikes in a work environment.

Consultation with stakeholders

Yate Community Bike Hubs stakeholders are the residents of Yate and the surrounding area. The directors of the company have lived in Yate for a number of years and the Hub evolved from a need identified by the local community action group and the local cycling organization. We have located the Hub in the centre of Yate Shopping Centre in a location with high footfall and have sought to develop a reputation locally as a knowledge base for information on cycling routes, equipment and active travel. Our volunteers are not only focused on recycling bikes, but also engaging with customers to better understand how the Hub can help with supporting customers to use cycling as a form of transport. The Hub also engages the wider community through its outreach work at local events, such as the Yate Rocks festival and the Yate Aging Better Festival. We have also developed a strong local online presence as an additional route to engage with local residents.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 September 2024

And signed on behalf of the board by:
Name: Nicola Clarke
Status: Director