RE~CYCLE
There are millions of bikes lying rusting in garages or being thrown away in the UK. Meanwhile, in the Africa, a 4-hour daily walk is common (water, school, farm, market). Re~Cycle collects second hand bikes & parts & ships them to Africa, where partners teach local people how to repair & maintain them, helping them to improve their own lives in a sustainable manner.
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a net deficit of £44,086, resulting in unrestricted reserves of £245,334. The trustees confirm that these reserves represent more than six months of expenditure and are sufficient to continue operations beyond the next 12 months. Consequently, the financial statements have been prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“Grants made up over 50% of our income, ranging from £200 to £40,000.”
“The revised policy is to hold reserves equal to 4 - 6 months of expenditure on the core costs of running the charity and the cost of reimbursable project / partner expenses.” — page 36
Register events
- Received assets from another charity (21/07/2021)
Trustees
- Allan Ramsay
- Benjamin Hollins
- David Triggs
- Dominic Wright
- Hannah Perrins-Hill
- Omolade Adeyeye
- Raymond Ricks
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £389k | £433k |
| 31/12/2024 | £370k | £375k |
| 31/12/2023 | £349k | £299k |
| 31/12/2022 | £275k | £272k |
| 31/12/2021 | £292k | £267k |
Common questions
Is RE~CYCLE financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with a net deficit of £44,086, resulting in unrestricted reserves of £245,334. The trustees confirm that these reserves represent more than six months of expenditure and are sufficient to continue operations beyond the next 12 months. Consequently, the financial statements have been prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were independently examined.
Who funds RE~CYCLE?
Funders whose own accounts filings name RE~CYCLE as a grant recipient include THE BATCHWORTH TRUST, Brian Mercer Trust, THE ROGER RAYMOND CHARITABLE TRUST, H C D MEMORIAL FUND, THE FORRESTER FAMILY TRUST.
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AUSTIN AND HOPE PILKINGTON TRUST | 2 | £6k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £3.6m |
| WILLIAM ADLINGTON CADBURY CHARITABLE TRUST | 1 | £96k |
| THE MANNY AND BRIGITTA DAVIDSON CHARITABLE FOUNDATION | 1 | £85k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £77k |
| THE TRESANTON TRUST | 1 | £75k |
| Jill and Norman Franklin Trust | 1 | £74k |
| HANDSPARK CHARITABLE TRUST | 1 | £70k |
Charities like this
- RECYKE Y'BIKE
- THE BIKE PROJECT
- MARGARET CAREY FOUNDATION LTD
- RECYCLING LIVES CHARITY
- WORLD BICYCLE RELIEF UK
- WEEECHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RE~CYCLE | £389k | — | 0 | unclear | — | no doubt |
| RECYKE Y'BIKE | £442k | — | 0 | unclear | — | no doubt |
| THE BIKE PROJECT | £1.4m | — | — | unclear | — | no doubt |
| MARGARET CAREY FOUNDATION LTD | £268k | — | 0 | unclear | — | no doubt |
| RECYCLING LIVES CHARITY | £2.6m | — | — | unclear | — | no doubt |
| WORLD BICYCLE RELIEF UK | £2.2m | £70,001 - £80,000 | 1 | unclear | — | no doubt |