TOGETHER WE RIDE CIC

Company limited by guarantee

Company Registration Number:
13587054 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

TOGETHER WE RIDE CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TOGETHER WE RIDE CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 409 409
Cash at bank and in hand: 547 13,265
Total current assets: 956 13,674
Creditors: amounts falling due within one year: 4 ( 16,281 ) ( 15,831 )
Net current assets (liabilities): (15,325) (2,157)
Total assets less current liabilities: (15,325) ( 2,157)
Total net assets (liabilities): (15,325) (2,157)
Members' funds
Profit and loss account: (15,325) ( 2,157)
Total members' funds: ( 15,325) (2,157)

The notes form part of these financial statements

TOGETHER WE RIDE CIC

Balance sheet statements

For the year ending 31 August 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.

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 30 May 2025
and signed on behalf of the board by:

Name: Wayne Francis
Status: Director

The notes form part of these financial statements

TOGETHER WE RIDE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the CIC's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The CIC recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the CIC's activities.

TOGETHER WE RIDE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

TOGETHER WE RIDE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Other debtors 409 409
Total 409 409

TOGETHER WE RIDE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 450 450
Other creditors 15,831 15,381
Total 16,281 15,831

COMMUNITY INTEREST ANNUAL REPORT

TOGETHER WE RIDE CIC

Company Number: 13587054 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Established in August 2021, Together We Ride CIC continues to champion diversity and inclusion by encouraging people from all backgrounds to participate in group cycling events. Our mission is realised through a holistic approach focused on four key areas Reducing Isolation We foster a welcoming and supportive community, bringing together individuals from every walk of life. Our group rides provide a space for meaningful connections, helping to combat loneliness and build lasting friendships. Advocating for Health We promote the many physical benefits of regular cycling, including improved cardiovascular health, increased muscle strength, greater flexibility, and enhanced joint mobility. Our activities support healthy weight management and help reduce the risk of chronic conditions such as obesity, heart disease, and diabetes. Nurturing Skills Our cycling programmes are designed to be both enjoyable and developmental. Participants enhance their physical fitness while also gaining practical skills and confidence through regular group rides and workshops. Enhancing Mental Wellness Cycling outdoors has proven psychological benefits, helping to alleviate stress, anxiety, and depression. The camaraderie and sense of achievement gained from our rides further promote emotional wellbeing and social cohesion. Achievements for the Year Ending August 31, 2024 During the fiscal year ending August 31, 2024, Together We Ride CIC expanded its impact across Greater London. We consistently hosted local rides three times a week, engaging participants from 32 London boroughs.

Consultation with stakeholders

No consultation with stakeholders

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
30 May 2025

And signed on behalf of the board by:
Name: Wayne Francis
Status: Director