The trustees present their annual report and financial statements for the year ended 31 March 2026.
The Financial Statements have been prepared in accordance with the accounting policies set out in Note 1 to the Financial Statements and comply with the charity’s constitution, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting policies commencing from 1 January 2019).
The Bike Station
The Bike Station promotes cycling in all its forms by refurbishing donated bikes and re-using components, enabling healthier, happier, and more affordable journeys, developing skills, confidence, and the spirit of adventure, and supporting better connected and environmentally sustainable communities.
Overview
The Bike Station in 2025/26 galvanised many years of hard work to achieve some considerable successes.
Notably we relocated from our base at Causewayside to our new home at 141 Lauriston Place, with our core operations of refurbishing donating bikes for use in our communities programme and available for public sale across our Gorgie and Tollcross branches.
This transition, whilst day to day operations continued, was only possible with the hard work and dedication of all our team of staff and volunteers.
2025/26 also saw the Bike Stations become proud custodians of the Cargo Bike Movement’s mission and vision - to encourage more people to choose cargo bikes. This significant price of work brought the two boards and teams together and integrate their activity into our behaviour change programme.
We also continued the integration of cargo bikes into our day to day operations with a new volunteer cargo bike delivery rider role and established our test base at Gorgie City Farm as part of developing the evidence base to establish additional community based hubs.
Day to day successes continued with 1378 donated bikes which went on to be assessed by our team to decide how they are best used and categorised depending on whether they are fit for refurbishment, or if not, they are recycled and parts are reused. These bikes are either available for free through our communities programmes or for sale in one of our branches.
Our community based behaviour change programme has a focus on children, young people and their adults - to invest in generation change within our communities.
Our Wee Bike Library, which provides free access to children's bikes, added an extra 488 bikes to the libraries in Edinburgh and Perth, bringing the total to 1548. We additionally included 14 cargo bikes. This programme has achieved a meaningful modal shift for families choosing cycling in place of car use.
We also delivered Kids Bike Life - which works with children and their adults in cluster areas around schools in Perth and Edinburgh to encourage more families to choose cycling. This programme has also seen meaningful change within families' choice for moving around their communities.
We delivered 646 skills sessions, including cycling lessons, led rides, Dr Bike sessions, and Velotech & Maintenance classes.
Moving Forward/Future Plans
In 2025/26 we secured funding through our Regional Transport Partners to continue to deliver our Kids Bike Life programme and Wee Bike Library in Perth and Edinburgh integrating domestic cargo bikes into the library fleet for 2026/27 delivery.
We also have received funds to launch our schools based assistant mechanics programme, giving school leavers and their parents employment opportunities.
We will continue delivering Shifting Gears in Perth with small scale delivery in Edinburgh and continue to source funds for this valuable equalities based work to continue.
Finally we will look to develop our team and our Board by continuing to attract talented team members who share our vision.
Recognition & Thanks
Our Team & Volunteers
Our team is our beating heart - their dedication and hard work is the cornerstone to The Bike Station’s success.
Our Board members work hard to support the organisation and this year we said goodbye to our Chair Thomas Haddock - thank you. We welcomed Charlotte Maddix and Lake Montgomery.
Financial Review
The Directors report that the total incoming resources for the Group for the year to 31 March 2026 were £1,111,998 (2025: £1,076,827), and the total outgoing resources were £1,128,095 (2025: £1,056,255) resulting in deficit of £16,097 (2025: surplus £20,572) . At the year end, the unrestricted funds balance was £194,142 (2025: £192,629) and the restricted funds balance carried forward was £45,144 (2025: £62,754). The trustees consider these to be satisfactory. This year’s investment spend, as well as improvements to oversight and controls, should bring a positive impact on the group’s future.
Risk management
A Risk Register for full organisational risk management of The Bike Station. is regularly reviewed by the Board of Trustee. In 2025/26 the main issues identified were:
Securing funding for our Shifting Gear programme as government funding priorities shift from equalities within Active Travel to modal shift.
Ensuring the move from 250 Causewayside to 141 Lauriston Place has minimum impact on day to day operations.
Creating a diverse and experience Board of Trustees to oversee the organisations governance responsibilities.
Continuing to develop sustainable business model for refurbished bikes - in spite of rising overhead costs.
Reserves
The current level of reserves is acceptable however, the organisation still has some way to go to achieve significant profits to ensure financial growth and investment. With careful management it is a huge success to see a closing balance of £239,286.
Financial risks are monitored between the CEO and General Manager on a weekly basis with the scrutiny of cash flow and balance sheets, including the development of multiple scenario plans and profitability statements to ensure good forward management of these risks.
Principal funding sources
Principal funding sources for the year under review are: Sestran, Tactran, Gannochy Trust, Prosperity.
Investment Policy
The Trustees constantly monitor and seek advice on the most suitable high interest bearing bank accounts for any surplus funds.
Reserves policy
The Bike Station is currently delivering on it’s revised Strategy which aims to increase the trading profits in order to build our balance sheet reserves position to 3 years’ operating costs. The Board feel that three months’ operational costs, which equates to around £200,000, is sufficient to mitigate against potential funding and spending risks. We will have the controls in place to monitor and maintain the level of reserves, and they will be reviewed annually.
The reserves on 31st March 2026 were £239,286 of which £45,144 was restricted.
Organisational structure
Governing document
The Company was formed on 7 October 2002. The Company is limited by guarantee and has no share capital. The company is governed by its Memorandum and Articles of Association. The liability of each member is limited to £1 each in the event of the Company being wound up. The Company is administered by a management committee who also serve as directors. Details are given on page 9. No director had any contract with the Company. All directors will retire at the Annual General Meeting. There is no restriction on a retiring director being able to put themselves forward for re-election at the same meeting. The Company is registered as a charity.
Recruitment and Appointment of Trustees
The Articles provide for a maximum of twelve Trustees and a minimum of two. At each annual general meeting, any Trustee who was admitted since the preceding annual general meeting retires from office along with one third of the remaining Trustees.
Trustee induction and training
After appointment/co-option an induction programme is offered to all new directors. In addition, all directors receive an information pack that contains the Memorandum and Articles of Association, roles, and responsibilities of being a director, and background information on the organisation.
Organisation Structure
The full board of directors meets every two months. The CEO produces full papers including Board reports, financial performance and forecasts, and risk management. Alongside the CEO the Board also spends a minimum of 3 days a year undertaking a strategic review and forward planning for the organisation.
A subcommittee structure has been introduced, which enables representation from the Board, the management team, staff teams and volunteers to review: Governance, Finance, Audit and Risk, and Staff Governance.
Key management personnel remuneration
Key management personnel of the charity are the Directors, the Chief Executive Officer and the four senior managers. All directors give of their time freely and no directors' remuneration was paid in the year. Details of directors' expenses and related party transactions are disclosed in the notes to the accounts.
Directors are required to disclose all relevant interests and register them with the Chief Executive and in accordance with the Company's policy withdraw from discussions where a conflict of interest arises. No conflicts of interest arose during the financial year.
Pay policy for senior staff
The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings.
LEGAL AND ADMINISTRATIVE INFORMATION
Company registration number
SC237798
Charity registration number
SC033703
Name of charitable company
Recycle to Cycle (known as ‘The Bike Station’)
Registered office and operational address
The Bike Station, 141 Lauriston Place, Edinburgh , Scotland
EH3 9JN
Directors
K Harding
S Errey (Secretary)
P Dunlop (Treasurer)
K Cowan (resigned June 2025)
T Haddock (resigned June 2026)
M Smith
A Barker
C Maddix (appointed September 2025)
L Montgomery (appointed September 2025)
R Stewart (appointed July 2026)
Company Secretary
S Errey (appointed Feb 2025)
Key Management Personnel
Sasha Taylor, CEO
Banker
Royal Bank of Scotland, St Andrew Square, Edinburgh
Independent Auditor
Thomson Cooper, 22 Stafford Street, Edinburgh EH3 7BD
The trustees, who are also the directors of Recycle-to-Cycle for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In accordance with the company's articles, a resolution proposing that Thomson Cooper be reappointed as auditor of the company will be put at a General Meeting.
The trustees' report was approved by the Board of Trustees.
Opinion
We have audited the financial statements of Recycle-to-Cycle (the ‘charity’) for the year ended 31 March 2026 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
proper accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
We considered the opportunities and incentives that may exist within the group for fraud and identified the greatest potential for fraud in the following areas: existence and timing of recognition of income, posting of unusual journals along with complex transactions and manipulating the Group’s key performance indicators to meet targets. We discussed these risks with management, designed audit procedures to test the timing and existence of revenue, tested a sample of journals to confirm they were appropriate and inspected minutes from meetings held by management and trustees for any reference to breaches of laws and regulations. In addition, we reviewed areas of judgement for indicators of management bias to address these risks.
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the officers and other management (as required by the auditing standards).
We reviewed the laws and regulations in areas that directly affect the financial statements including applicable charity and company law and considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.
With the exception of any known or possible non-compliance with relevant and significant laws and regulations, and as required by the auditing standards, our work in respect of these was limited to enquiry of the officers and management of the charity.
We communicated identified laws and regulations and potential fraud risks throughout our team and remained alert to any indications of non-compliance or fraud throughout the audit. However the primary responsibility for the prevention and detection of fraud rests with the trustees.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Thomson Cooper is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 13 to 28 form part of these financial statements.
The notes on pages 13 to 28 form part of these financial statements.
The notes on pages 13 to 28 form part of these financial statements.
Recycle-to-Cycle is a private company limited by guarantee incorporated in Scotland. The registered office is The Bike Station, 141 Lauriston Place, Edinburgh, EH3 9JN.
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the next 12 months. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Donations income is recognised on a receivable basis.
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions and is recognised as earned (as the related services are provided). Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from other trading activities represents the total invoice value of sales made during the period.
Income from investments is included in the year in which it is receivable
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure is incurred in direct pursuance of the Charity's principal objects and as set out in the Directors' Report Raising funds comprises costs incurred by the trading subsidiary.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include governance costs which support the Charity's programmes and activities. These costs include the expenses of directors’ meetings, the statutory audit, and legal and professional fees. Support costs have been allocated to expenditure on charitable activities based on staff time.
Tangible fixed assets costing more than £500 are capitalised at cost or valuation and depreciation is provided to write off the cost of each asset less any residual value over its useful economic life.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Stock of bicycle parts, accessories and donated bikes are valued at the lower of cost or net realisable value on a first in, first out basis after making due allowance for obsolete and slow moving items.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Pensions
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Contributions payable to the scheme are charged to the Statement of Financial Activities in the period to which they relate.
Fund Accounting
Unrestricted funds are donations and other incoming resources received or generated for the objects of the charity without further specified purpose and are available as general funds. Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a particular purpose they are designated as a separate fund. Such designation has an administrative purpose only and does not legally restrict the trustees' discretion to apply the fund.
Restricted funds are funds subject to requirements as to their use, but still within the wider objects of the charity. The specific requirements as to use may either be declared by the donor or with the donor's authority or be created through legal processes.
The average monthly number of employees during the year was:
Recycle to Cycle operates a defined contribution pension scheme on behalf of its employees. The scheme and its assets are held by independent managers. The pension charge represents the contribution due from the employer and amounted to £32,356 (2025: £30,835). At the year-end an outstanding balance of £3,111 (2025: £6,101) was due to the scheme.
The remuneration of key management personnel was as follows:
No remuneration was paid to the trustees in their capacity as trustees in the year (2025: £nil).
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
Deferred income is included in the financial statements as follows:
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
City of Edinburgh Council
This funding was received to support the bike recycling activities.
Gannochy Trust
This funding was obtained to support Shifting Gears project in Perth and Kinross.
CS Referral Bikes
This funding was received from Cycling Scotland to provide free access to bikes and all necessary accessories to who wouldn't otherwise have access to a bike, to use for their own independent travel.
CS Cycle Friendly Employer
This funding was obtained from Cycling Scotland to appoint a coordinator to lead Cycling Friendly delivery.
CS Development Fund
This funding was received to promote and enable cycling of the staff members and volunteers improving the cycling facilities.
SEStran Kids Bike Life
This funding was received to support work with schools, young people and their adults to encourage cycling.
CS Wee Bike Library, Shifting Gears and KBL
This funding was received to promote and enable cycling
Prosperity Fund
The funding was granted towards capital costs of establishing a new site for The Bike Station in Gorgie, to provide additional workshop space to withstand project growth and be a safe and welcoming space for participants.
Paths for All Shifting Gears
This funding was received to support our work on Shifting Gears project, which included providing free bikes and accessories to the participants refereed by the partner organisations. As part of the project participants took part in bike mechanical trainings, lead rides and could gain the professional mechanical qualification and work experience.
Energy Saving Trust
This funding was received to support the purchase of small fleet of electric cargo bikes to use mainly for community work and support Community Projects
Paths for All SW Active Travel
This funding was received towards the costs of establishing the South West cycle hub in Gorgie.
SEStran Wee Bike Library
This funding was received towards the costs of establishing and running the Wee Bike Library, which provides free kids' bikes to families in Edinburgh.
Tacktran Kids Bike Life
This funding was received to deliver Active Travel Behaviour Change and Access to Bikes projects across the Tactran region
Olev grant
This funding was received towards electric van.
Crowdfund
Money was raised to help with costs associated with moving to and setting up new offices.
Gorgie Shifting Gears
Shifting Gears is a community-led project operating in Perth and Edinburgh. The aim of the programme is to support and work with individuals who have been typically underrepresented or excluded from sustainable travel programmes. Participants are referred to the Shifting Gears programme from any one of our partner organisations. The programme has two distinct elements including Bike Referrals and Cycling lessons, group rides and maintenance.
Edinburgh Cargo Bike Project
An aim of the project is to create report which presents an overview of cargo bike borrowing schemes across the region, pulling together key information to map the current landscape. It is intended to give stakeholders a clear, shared understanding of what schemes exist, how they operate, and what data they collect for evaluation and learning.
Perth Road Safety Project
This project create a safer environment for primary school students by promoting road safety and safe cycling from nursery to Primary 7. As part of the project we raise awareness of cycling as a safe method of travel and reduce injuries and fatalities. Other organisations involved in the projects are Bikeability Trainers, Police Scotland, SFRS, and RSS.
CBM Roof Fund
As per agreement signed with CBM in may 2025, £6,000 is ringfenced to pay for the roof repair of roof repair at 141 Lauriston Place, Edinburgh. In the event of the invoice being lower than £6,000, the remaining portion of the ringfenced money will no longer be treated as ringfenced.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Included in Creditors at 31 March 2026 is a balance of £26,022 due to the Charity's subsidiary Recycle-to-Cycle Trading Limited (2025: Debtor £45,808).
During the year, the charity incurred trustee expenses of £108 (2025: £nil), which were reimbursed in accordance with the charity's expenses policy.
During the year, the charity received a donation comprising an asset transfer with a value of £53,529 (2025: £nil) and generated sales income of £692 (2025: £nil) from Cargo Bike Movement a charity in which L Montgomery is a Trustee.
These financial statements are separate charity financial statements for 31 March 2026.
Details of the charity's subsidiaries at 31 March 2026 are as follows: