WHEEL GOOD VIBES CIC

Company limited by guarantee

Company Registration Number:
14544663 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

WHEEL GOOD VIBES CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

WHEEL GOOD VIBES CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 13 months to 31 December 2023


£

£
Turnover: 0 6,769
Cost of sales: 0 ( 2,815 )
Gross profit(or loss): 0 3,954
Administrative expenses: ( 395 ) ( 2,485 )
Operating profit(or loss): (395) 1,469
Profit(or loss) before tax: (395) 1,469
Tax: 0 0
Profit(or loss) for the financial year: (395) 1,469

WHEEL GOOD VIBES CIC

Balance sheet

As at 31 December 2024

Notes 2024 13 months to 31 December 2023


£

£
Current assets
Cash at bank and in hand: 1,221 1,469
Total current assets: 1,221 1,469
Creditors: amounts falling due within one year: 3 ( 147 )
Net current assets (liabilities): 1,074 1,469
Total assets less current liabilities: 1,074 1,469
Total net assets (liabilities): 1,074 1,469
Members' funds
Profit and loss account: 1,074 1,469
Total members' funds: 1,074 1,469

The notes form part of these financial statements

WHEEL GOOD VIBES CIC

Balance sheet statements

For the year ending 31 December 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 31 December 2025
and signed on behalf of the board by:

Name: DOMINIC WILLIAMS
Status: Director

The notes form part of these financial statements

WHEEL GOOD VIBES CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

WHEEL GOOD VIBES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 13 months to 31 December 2023
    Average number of employees during the period 0 0

WHEEL GOOD VIBES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due within one year note

2024
£
Other creditors 147
Total 147

COMMUNITY INTEREST ANNUAL REPORT

WHEEL GOOD VIBES CIC

Company Number: 14544663 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

In 2024, Wheel Good Vibes CIC continued its mission to spread joy and positivity through cycling: 1. Community Cycle Rides Our volunteer ride leaders continued to deliver our regular group cycle rides. The aim of these rides is to improve health and wellbeing in our community through the joy of cycling, and to empower people to choose cycling as a green transport option. These rides are supported by our partner bicycle shop, Williams Cycles. The rides serve our local community by providing accessible cycling opportunities, tackling inequality, and reducing social isolation. Our impact was recognised by Cycling UK in the Community Champion category of their 100 Women in Cycling 2024 Awards. 2. Charity Partnerships We expanded our partnerships with local charities and established new partnerships to increase our community impact. Members of our community volunteered their time with Wheel Good Vibes to support local charity cycling events, which raised vital funds for Sue Ryder Hospice and Maggie’s Cancer Centre Cheltenham. We formalised our partnership with Fresh Hope Charity, which runs the St Paul’s Cycle Project. Our partner bicycle shop, Williams Cycles, promoted the work of this charity with their suppliers and facilitated a significant donation from suppliers. This enabled the expanded impact of this community initiative, serving an area of deprivation in Cheltenham. 3. Community Fundraising Members of our community who have advanced their cycling skills and adopted cycling as a sport registered for various cycling endurance challenges and, together, fundraised thousands of pounds for these charities.

Consultation with stakeholders

Wheel Good Vibes CIC actively engaged with stakeholders during 2024 including participants, volunteers, partner organisations, and local supporters. Feedback was gathered through session discussions, surveys and ongoing dialogue. Feedback and Action from 2023 Stakeholder Consultations: Created a regular women’s community ride group and established informal group socials to build on connections made during the group rides. Delivered a programme of progression rides to enable steady confidence-building for beginner riders. Continued to offer cycling equipment to loan from our partner bicycle shop, Williams Cycles. Established a buddy scheme with riders who have built confidence with us to ‘buddy up’ with new riders and support the journey of other rides. Created a sub-group of community members who volunteered at charity cycle events and raised funds for charities together by participating in cycling endurance challenges. Formalised our partnerships with local charities and community groups: Sue Ryder, Active Gloucestershire, Maggie’s Cheltenham and Fresh Hope Charity. Results of 2024 Stakeholder Consultations and Actions for 2025: Participants would benefit from learning about bicycle maintenance and basic mechanics. There is significant demand for adult learn to ride sessions. There is a continued preference for women-only spaces. Members of our community who have progressed their cycling skills and confidence would be willing to train as volunteer ride leaders for our community rides. This feedback will form the basis of our projects for 2025.

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
31 December 2025

And signed on behalf of the board by:
Name: Richard John Abrams
Status: Director