RIDE FREE COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
14619845 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 26 January 2023

End date: 31 January 2024

RIDE FREE COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RIDE FREE COLLECTIVE CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Directors

The director shown below has held office during the whole of the period from
26 January 2023 to 31 January 2024

Beth Perrou


The director shown below has held office during the period of
26 January 2023 to 1 August 2023

Karen Maidment


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 October 2024

And signed on behalf of the board by:
Name: Beth Perrou
Status: Director

RIDE FREE COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024


£
Turnover: 9,057
Cost of sales: ( 1,044 )
Gross profit(or loss): 8,013
Distribution costs: 0
Administrative expenses: ( 9,071 )
Other operating income: 0
Operating profit(or loss): (1,058)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (1,058)
Tax: 0
Profit(or loss) for the financial year: (1,058)

RIDE FREE COLLECTIVE CIC

Balance sheet

As at 31 January 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Cash at bank and in hand: 3
Investments:   0
Total current assets: 3
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 2 )
Net current assets (liabilities): 1
Total assets less current liabilities: 1
Creditors: amounts falling due after more than one year: 4 ( 1,060 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (1,059)
Members' funds
Profit and loss account: (1,059)
Total members' funds: ( 1,059)

The notes form part of these financial statements

RIDE FREE COLLECTIVE CIC

Balance sheet statements

For the year ending 31 January 2024 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.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: Beth Perrou
Status: Director

The notes form part of these financial statements

RIDE FREE COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

RIDE FREE COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024
    Average number of employees during the period 1

RIDE FREE COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 2
Total 2

RIDE FREE COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due after more than one year note

2024
£
Other creditors 1,060
Total 1,060

COMMUNITY INTEREST ANNUAL REPORT

RIDE FREE COLLECTIVE CIC

Company Number: 14619845 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

The company ran an inclusive biking event for women LGBQT that was subsidised through Ride Free Collective. *This financial year a festival was held where coaching, guided rides, talks, and food were provided at a reduced cost to all 130 attendees. *We also provided 5 free places to women who may not have been able to attend otherwise. * Local bike related businesses also provided skills, donations, and support * We have also sold t-shirts for the event to help cover running costs and provide money for future events

Consultation with stakeholders

The company’s stakeholders are women mountain and gravel bikers who may not have had space to learn, ride, and create friendships previously. The director of the company has been a rider and guide in the biking space for 7 years, and has spoken to many women about providing a non judgmental space to learn and grow with their biking. Prior to the festival we asked all participants to feedback on their skill level, what they would like to learn, and how they would like to experience the event. This information is being used to inform any future events provided by the company. Post festival we encourage all attendees to feedback via an online form and Mailchimp email.

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
16 October 2024

And signed on behalf of the board by:
Name: Beth Perrou
Status: Director