CYCLING PROJECTS

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

1. CYCLING PROJECTS 2003-04-09 → present
2. CYCLING PROJECT FOR THE NORTH WEST 1992-02-10 → 2003-04-09
3. GREATER MANCHESTER CYCLING PROJECT 1991-06-10 → 1992-02-10

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

Lindeyer Francis Ferguson Limited

Audit opinion

Qualified

Going concern

Affirmed

“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 foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Throughout 2023/24, we embedded a strengthened governance structure, expanded our regional presence and deepened our national influence. We have evolved from a project-led charity into a nationally recognised enabler of inclusive cycling —delivering directly, supporting others and influencing policy and practice at every level.”
• “We delivered over 1,285 inclusive cycling sessions across the country, accounting for 26,213 individual rides. Our staff team grew to 50, supported by 150 dedicated volunteers who collectively gave over 10,000 hours of their time. We also welcomed 1,500 new participants and established 10 new inclusive cycling hubs.”
• “We prepared for the rollout of Kinetic+, a bespoke digital system that will manage scheduling, bookings, volunteer hours and impact reporting across the network.”
• “We formed partnerships with British Cycling, Cycling UK, the Bikeability Trust and others, reinforcing our position as the national inclusive cycling charity.”
• “At the time of writing this report, we have achieved full compliance with Tier 3 of the Code for Sports Governance.”
• “Asset tracking software (ItemIT) was installed in 2023 which records every cycle across the network and allows the team to monitor the location, condition and usage of each cycle. Not only does this improve the controls over the physical assets but also the user experience.”
• “Additionally, a new booking and monitoring system (Kinetic+) is being introduced in Summer 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -19.1%

  £1,016,718 → £822,249

• Cash

  -41.5%

  £730,693 → £427,174

• Net assets

  +0.3%

  £1,055,514 → £1,058,927

• Employees

  -9.5%

  42 → 38

• Wages

  +17.7%

  £548,784 → £646,144

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers