for the Period Ended 30 November 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 November 2021
Directors
The directors shown below have held office during the whole of the period from
1 December 2020 to 30 November 2021
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2021 | 2020 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2021 | 2020 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 November 2021
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 November 2021
2021 | 2020 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 November 2021
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 December 2020 | | | | | ||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 November 2021 | | | | | ||
Depreciation | ||||||
At 1 December 2020 | | | | | ||
Charge for year | | | | | ||
On disposals | ||||||
Other adjustments | ||||||
At 30 November 2021 | | | | | ||
Net book value | ||||||
At 30 November 2021 | | | | | ||
At 30 November 2020 | | | | |
for the Period Ended 30 November 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
for the Period Ended 30 November 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Total | | |
for the Period Ended 30 November 2021
2021 | 2020 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Total | | |
From December 2020 we went into another Covid ‘lockdown’ period, which impacted our trading activity because very few people were commuting to work. At the same time we had some staff members off with Covid and reduced our opening hours slightly.There was a continuing demand for volunteering. In April 2021 we took on a second premises in a shopping centre in Norwich, in order to reopen our volunteer sessions in a safe location away from our shop. Because of the new premises we were able to expand our volunteer sessions to four days a week, and offer places to up to 24 volunteers who choose to take part because they benefit from this activity. Our new volunteer workshop increased our production of second hand bicycles, so we were once again able to offer refurbished bikes for sale at a reasonable price, benefitting the population of Norwich.In September 2021 we ran a successful crowdfunder campaign for a new project providing free children’s bikes, and delivered 45 bikes to local schools, social services and charitable organisations.We were able to revive our Welcome Wheels project due to a generous donation from the Bishop’s Fund for Refugees in November 2021.
Our stakeholders are:- Our volunteers and employees- Local people who use our services- Public and voluntary sector organisations that refer people to our projects or request help or donations of itemsThe Covid pandemic continued to dominate our activities for at least the first half of this year. Once our volunteer workshops were running again we were able to engage with volunteers, and with a number of new agencies that were interested in referring to us. With their feedback we adjusted our induction process.The Free Bikes for Kids project put us in touch with local primary schools for the first time, and we responded to their specific requests for bikes. This project ran with very helpful support from insurance company Aviva, and we took note of their advice.At the end of the year in November 2021 we were glad to take part in the launch of Norwich becoming a ‘social enterprise place’ and the creation of FUSE Norwich, to promote social enterprise in the city.
The current Directors were also all employees of Bicycle Links during this financial year. Staff pay information is included in our accounts. Directors do not receive any additional bonuses or expenses.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
17 August 2022
And signed on behalf of the board by:
Name: Lucy Hall
Status: Director