AVANTI CYCLING TRUST CIC

Company limited by guarantee

Company Registration Number:
11699988 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

AVANTI CYCLING TRUST CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

AVANTI CYCLING TRUST CIC

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Directors

The directors shown below have held office during the whole of the period from
1 December 2023 to 30 November 2024

Mrs Claire Hine
Mr Gregory Woodford


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
14 August 2025

And signed on behalf of the board by:
Name: Mr Gregory Woodford
Status: Director

AVANTI CYCLING TRUST CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 4,016 634
Cash at bank and in hand: 678 8,808
Total current assets: 4,694 9,442
Creditors: amounts falling due within one year: 4 ( 11,907 ) ( 3,055 )
Net current assets (liabilities): (7,213) 6,387
Total assets less current liabilities: (7,213) 6,387
Total net assets (liabilities): (7,213) 6,387
Members' funds
Profit and loss account: (7,213) 6,387
Total members' funds: ( 7,213) 6,387

The notes form part of these financial statements

AVANTI CYCLING TRUST CIC

Balance sheet statements

For the year ending 30 November 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 14 August 2025
and signed on behalf of the board by:

Name: Mr Gregory Woodford
Status: Director

The notes form part of these financial statements

AVANTI CYCLING TRUST CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised for the provision of services as the contractual activity progresses.

AVANTI CYCLING TRUST CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

AVANTI CYCLING TRUST CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Debtors

2024 2023
£ £
Trade debtors 3,910 540
Other debtors 106 94
Total 4,016 634

AVANTI CYCLING TRUST CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 5,936
Other creditors 5,971 3,055
Total 11,907 3,055

COMMUNITY INTEREST ANNUAL REPORT

AVANTI CYCLING TRUST CIC

Company Number: 11699988 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

We deliver annual Cycling Festivals for the people of Reading. The 2024 is a public facing festival. All free to the attendees. The Reading Cycling Festival. We run Community Cycling Clubs throughout Reading and Berkshire. Avanti Freewheelers. www.avantifreewheelers.ce The clubs are aimed at providing leisure (and training) activities to young people. It is an expanding area of our business. We are running community cycling clubs in Whitley, Southcote, Coley areas of Reading and looking to develop one in Bracknell. We run regular Dr Bike sessions and maintenance sessions for the people of Reading and the surrounding areas. These are all free.

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
14 August 2025

And signed on behalf of the board by:
Name: Greg Woodford
Status: Director