FRIENDS OF PEDAL POWER PROJECT LTD
Pedal Power "makes cycling accessible to all'. It has a wide range of specialised bikes enabling people of all ages & abilities to cycle. It also runs a general cycle hire with bikes for all ages. We offer cycle training & bike maintenance training . Pedal Power undertakes bike recycling & bike maintenance and operates a cafe. There are many opportunities for volunteering & social activities.
Objects
The promotion of community participation in healthy recreation for the benefit of both disabled and able bodied visitors to and inhabitants of Wales and environs in particular but not exclusively, by the provision of facilities for cycling and the advancement of public education in cycling safety.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £109,773 for the year, resulting in a decrease in total funds from £926,224 to £816,452. The trustees' report highlights significant challenges in securing future funding and notes a reliance on grant income, while the independent examiner confirmed the accounts were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The Trustees’ policy is to work towards a minimum level of unrestricted funds equivalent to six months operating costs” — page 11
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Corporate structure
- Registered company of the charity Companies House 04373456
Company officers (Companies House)
- HOLMES, Rhys Lee on trustee list
- WILLIAMS, Sybil on trustee list
- JOHNSON, Sheila Mary on trustee list
- HENDRICKSON, Anthony on trustee list
- EAMES, Malcolm, Prof on trustee list
- RUDDOCK, Peter Albert Pat on trustee list
- WALSH, Michael John on trustee list
- COX, Stephen Philip on trustee list
- FARNFIELD, Samuel Albert Hughes
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- STEPHEN COXchair
- Anthony Hendrickson
- MICHAEL WALSH
- Malcolm Eames
- Peter Ruddock
- Rhys Lee Holmes
- Sheila Johnson
- Sybil Williams
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £618k | £774k |
| 31/03/2024 | £745k | £636k |
| 31/03/2023 | £394k | £491k |
| 31/03/2022 | £486k | £413k |
| 31/03/2021 | £401k | £397k |
Common questions
Is FRIENDS OF PEDAL POWER PROJECT LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £109,773 for the year, resulting in a decrease in total funds from £926,224 to £816,452. The trustees' report highlights significant challenges in securing future funding and notes a reliance on grant income, while the independent examiner confirmed the accounts were prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 03/12/2025 | £10k | Sustainable Energy Supporting Inclusive Cycling |
| Postcode Lottery | 03/04/2023 | £25k | Unrestricted Funding |
| The National Lottery Community Fund | 17/02/2023 | £99k | Wales COL Better By Bike |
| The National Lottery Community Fund | 31/07/2020 | £10k | COVID-19 - Pedal Back to Health! |
| Greater London Authority | 01/08/2019 | £5k | Pedal and Play |
| The National Lottery Community Fund | 30/07/2014 | £312k | Changing Gear |
| The National Lottery Community Fund | 24/05/2012 | £5k | Cycles for All! |
| The National Lottery Community Fund | 11/11/2009 | £4k | Creating Efficient and Effective Systems |
| The National Lottery Community Fund | 22/05/2008 | £188k | Pedal Power |
| The National Lottery Community Fund | 19/11/2007 | £5k | Pedal Power Communication System |
| The National Lottery Community Fund | 08/09/2005 | £300k | There is no project name available for this record |