EVODEVO CYCLING C.I.C.

Company limited by guarantee

Company Registration Number:
14913201 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 5 June 2023

End date: 30 June 2024

EVODEVO CYCLING C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

EVODEVO CYCLING C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2024

13 months to 30 June 2024


£
Turnover: 3,224
Cost of sales: ( 3,177 )
Gross profit(or loss): 47
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 47
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 47
Tax: ( 9 )
Profit(or loss) for the financial year: 38

EVODEVO CYCLING C.I.C.

Balance sheet

As at 30 June 2024

Notes 13 months to 30 June 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 47
Investments:   0
Total current assets: 47
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 9 )
Net current assets (liabilities): 38
Total assets less current liabilities: 38
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 38
Members' funds
Profit and loss account: 38
Total members' funds: 38

The notes form part of these financial statements

EVODEVO CYCLING C.I.C.

Balance sheet statements

For the year ending 30 June 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 13 February 2025
and signed on behalf of the board by:

Name: Matthew Ellis
Status: Director

The notes form part of these financial statements

EVODEVO CYCLING C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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

EVODEVO CYCLING C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    13 months to 30 June 2024
    Average number of employees during the period 0

EVODEVO CYCLING C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Creditors: amounts falling due within one year note

13 months to 30 June 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 9
Accruals and deferred income 0
Other creditors 0
Total 9

COMMUNITY INTEREST ANNUAL REPORT

EVODEVO CYCLING C.I.C.

Company Number: 14913201 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The company was founded to provide education and support to young British cyclocross riders through the sharing of knowledge and experience within the cycling community. In particular, this process is aimed as assisting them to go and race internationally. We began our activities before the racing season using an introductory webinar to introduce the organisation and our aims. A recording of this was added to our website to begin to build our advice hub for riders and parents. Following this we then ran a second webinar specifically to help riders and families navigate the sometimes-daunting task of planning racing trips to Belgium, this recording is also on our website as advice, and as a reference for all to see. As the racing season began, in October ‘23 the Company ran its first trip taking 10 young riders to an international race in Belgium. Travel, accommodation, coaching and mechanical support were all provided on this trip. Additionally to the EvoDevo staff we also took a few parents to assist, and to share the experience with them. This trip had a very positive impact on the riders, and feedback received was excellent. However, this trip format was found to be expensive, with the costs likely to be prohibitive for us to undertake our volume of planned activity from the donations and support we were likely to receive. Our second and final trip of the season provided support over the Christmas period in Belgium when there are many races held in a short period of time. Based on our review of the first trip we adapted the format. Using this new format EvoDevo staff supported the riders alongside their families at the races, rather than taking riders alone with us as we had in our October trip. The families arranged their own travel and accommodation with support and advice from us where needed. This worked incredibly well and meant we were able to support more riders. The more holistic approach involving riders and their families gave a far more impactful experience for everyone. In the future the riders and their families can be more confident and equipped with the knowledge to make the trips themselves. Additionally, it was a far more cost-effective use of our funds to benefit a greater number of riders. The impact of this approach gave us a larger reach within the cyclocross community and has given us the model for future activities. In our first year we supported 17 riders and their families to experience international cyclocross racing, and as an organisation have gained valuable experience into the most effective ways to deliver trips and activities to achieve our aims in the future.

Consultation with stakeholders

Key stakeholders for Evodevo are staff, riders and parents / families. In our first year it has been vital that we gathered feedback from these stakeholders following our activities and that we refined and adjusted what we do based on this feedback. We have sought and received verbal and written feedback from the riders and their families for all our activity including the webinars and race trips. Internally we have held post-delivery reviews of our activities. Following our first trip, the feedback from riders was universally positive, including comments such as - “Being able to practice on Saturday and to walk the course with everyone was really useful. It was a great experience and super fun to race with the best in the world.” “I am so grateful for a fantastic weekend with Evo Devo and the experience it has given me is invaluable. Getting to compete in the elite women’s race really taught me about pushing myself to the limit and it was exciting to get to race with the pros too!” “I had an incredible weekend in Belgium: shared the start line with the current World Champ and experienced the best crowds I’ve ever seen and heard. So grateful for the opportunity and hoping to go back soon!” “The vast amount of experience in the group, made me learn a lot inside and outside of racing and has made me reflect on my own race routines. I felt like a team, everyone was teammates, the staff were selfless, passionate and wanted the best for us all and I am massively grateful for the experience!” Overall, this feedback highlighted our aims are well aligned with the needs of the community we are addressing, and that our activities are meeting those needs. Our own internal review highlighted some challenges with the approach we had on this trip and based on this we adjusted out trip format as detailed in Part 1. Trip two over the Christmas period was equally well received with the following feedback - “The team made, what could have been a very daunting experience, one that was great fun and one we cannot wait to repeat.” “Everything we asked about was taken seriously and we were given professional, practical advice on it all.” “Really appreciate the effort that the EVO DEVO team went to make sure everything was stress free keep up the good work it’s a great idea and the riders are very fortunate that they have you offering to support them.” There were also constructive ideas which we will take on board and address as funds allow to make ourselves and our activities more visible - “We would suggest you get some tent flags made with Evo Devo on them as you should promote what you do at these races” Overall, the knowledge shared, webinar guides/information on our website have been extremely useful and well received. We have included some of the written feedback comments and by video on our website as evidence to others for what we do and how we support riders & families. The feedback on the support provided on the Christmas trip has given us the direction and model for our future trips.

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
19 February 2025

And signed on behalf of the board by:
Name: Matthew Ellis
Status: Director