for the Period Ended 31 March 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: | 4 |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2024 |
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Depreciation | ||||||
At 1 April 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 March 2024 |
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Net book value | ||||||
At 31 March 2024 |
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At 31 March 2023 |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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PART 1 - GENERAL DESCRIPTION OF THE COMPANY’S ACTIVITIES AND IMPACT In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a fair and accurate description of how they have benefited the community, or section of the community, which the company is intended to serve. We continue to be Bristol's most comprehensive Community Bike Project, repairing and rehoming unwanted bicycles. We aim to help people from all walks of life to get out on two wheels, and for it to be an inclusive and empowering experience. 2023-24 was a challenging year. Having only just stabilised after the disruption of the COVID-19 pandemic, we faced high inflation and the associated cost-of-living crisis. Costs increased significanty and for some months were were unable to increase trading income enough to compensate, leading to a loss of more than £20,000 for the year. Fortunately reserves were sufficient to meet our obligations and we have put measures in place to return to profitability. At the same time, all of our community programmes were operating at full capacity, enabling us to acheive the following: - Provided refurbished bikes free of charge to people who really need them through our Earn-A-Bike programmes, giving out 258 bikes in 2023-2024, and at the same time helping recipients to develop basic mechanic skills. By the end of 2023-24 we had helped nearly 3,000 people to become independently mobile since 2008 through Earn-A-Bike. - Carried out more than 500 free repairs for people who had already received bikes through our programmes, or would be eligible for them. - Continued to service the fleet of all-ability bikes at the Bristol Cycling Centre, supporting cycling to be more accessible. - Benefitted from generous donations of more than 700 bikes which we could refurbish and rehome, diverting them from landfill. - Continued to offer volunteering opportunities, skilling people up in bicycle mechanics, and at the same time benefitting from the generosity and enthusiam of our volunteers. During 2023-24 our volunteers gave over 5,000 hours to The Project. - Provided a safe, non-judgemental workshop space that is co-operatively run and inclusive. - Enabled 465 young people to maintain their own bikes and develop their mechanic skills at our After School Bikes workshops. - Re-established our Social Cycle programme for adults at risk of social isolation, which was the last community programme to re-start after the pandemic.
The company’s stakeholders are paying and non-paying project-users, volunteers, paid staff, directors, co-op members, members of our local community and partner/referral organsiations. All of these groups are encouraged to participate in The Project’s running – both strategically and operationally. We held four co-op general meetings and one AGM during the year, which were all well-attended. These allowed stakeholders to air their views and make decisions on strategic matters. These meetings were held in person, although we have introduced the option to attend online as a means of opening up access as widely as possible. Additionally, operational meetings and regular meetings of various working groups were held to manage day to day issues. The following working groups met throughout the year: Representation and diversity Premises Finance Sustainable income We are in continuous dialogue with our service users during community workshop sessions and through follow-up surveys. One impotant change made on the basis of this dialogue in 2023-24 was the widening of eligibility criteria for our adult programmes to anyone unemplyed for six months or longer, irrespective of the reason.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
26 November 2024
And signed on behalf of the board by:
Name: Ms Grainne Canavan
Status: Director