HERNE HILL VELODROME TRUST
The charity supports the operation and improvement of Herne Hill Velodrome, and the long term development of activities for public benefit on the siteAs well as managing specific improvement projects such as the Southwark Olympic Legacy Project, the Herne Hill Velodrome Trust works on a day to day basis to increase participation at the track.
Objects
4.1 THE COMPANY HAS BEEN ESTABLISHED FOR PUBLIC BENEFIT TO:4.1.1 PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITION OF LIFE INCLUDING BUT NOT LIMITED TO THE PROVISION OF FACILITIES AT THE HERNE HILL VELODROME; AND/OR4.1.2 PROMOTE PARTICIPATION IN HEALTHY RECREATION INCLUDING BUT NOT LIMITED TO CYCLING; AND/OR4.1.3 PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES AT (BUT NOT EXCLUSIVELY) THE HERNE HILL VELODROME FOR THE USE BY THE PUBLIC AT LARGE WITHOUT DISTINCTION OF POLITICAL, RELIGIOUS OR OTHER OPINIONS INCLUDING USE FOR MEETINGS, LECTURES AND CLASSES AND OTHER FORMS OF RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE; AND/OR4.1.4 EDUCATE THE PUBLIC AT LARGE OF THE HISTORY OF THE HERNE HILL VELODROME, CYCLING IN THE 1948 OLYMPICS AND/OR THE SIGNIFICANCE OF THE OLYMPIC MOVEMENT AND LEGACY FOR CYCLING GENERALLY; AND/OR4.1.5 ADVANCE CITIZENSHIP AND COMMUNITY DEVELOPMENT; AND/OR4.1.6 SUCH OTHER CHARITABLE PURPOSES CONSISTENT WITH THE ABOVE AND THE CHARITIES ACT 2006 AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION SHALL DETERMINE (TOGETHER THE "OBJECTS").
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a deficit of £141,297, resulting in total reserves of £1,058,518. The trustees confirm that unrestricted free reserves of £1,019,609 are maintained to meet working capital requirements and ensure continuity of activities. Per the independent examiner's report, the accounts give a true and fair view and no matters were identified that would cause concern regarding the financial statements.
What the accounts disclose
“The Trustees aim to maintain unrestricted free reserves of at least 3 months but not more than 6 months operational costs.”
“The Herne Hill Velodrome Trust operates Herne Hill Velodrome via a wholly owned subsidiary trading company which receives income from track rental, rider sessions, cycle races and sponsorship alongside sales from Jan’s Café.” — page 6
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Internal charity financial controls policy and procedures
- Paying staff
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- SIMON GEORGE TUCKERchair
- Alexander Base
- Angus Alexander Dodd
- David Ross
- John Antony Christian Walter
- Katie Thornley
- Lisa Okawa
- Lois Barmby
- Mark MacLaren Patterson
- Padraic O'Shea
- Richard Williams
- Timothy Jonathan McInnes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £277k | £419k |
| 31/12/2024 | £251k | £434k |
| 31/12/2023 | £265k | £385k |
| 31/12/2022 | £221k | £461k |
| 31/12/2021 | £325k | £444k |
Common questions
Is HERNE HILL VELODROME TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with a deficit of £141,297, resulting in total reserves of £1,058,518. The trustees confirm that unrestricted free reserves of £1,019,609 are maintained to meet working capital requirements and ensure continuity of activities. Per the independent examiner's report, the accounts give a true and fair view and no matters were identified that would cause concern regarding the financial statements. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 18/05/2020 | £11k | COVID-19 CEF |
| London Borough of Southwark | 01/04/2017 | £2k | Grant to Herne Hill Velodrome Trust |
| Sport England | 28/06/2016 | £702k | Herne Hill Velodrome Pavilion and New Facilities |
| Sport England | 16/09/2014 | £30k | Herne Hill Velodrome Pavilion and New Facilities |
| Sport England | 11/06/2012 | £18k | Herne Hill Velodrome Pavilion and New Facilities |