ON YOUR BIKE (RECYCLE) LTD
We train the unemployed in our bike workshops to help them gain the skills and self-confidence needed to find paid work. We improve well-being with purposeful activities that raise self-esteem and encourage social interaction. We care for the environment and enable our community to access a sustainable mode of transport with refurbished bicycles. We are based in Somerset.
Financial health, per its FY2025 accounts
The charity reported a surplus of £14,316 for the year, with total income of £339,295 and expenditure of £324,979. Net assets increased to £91,867, comprising £79,736 in unrestricted funds and £12,131 in restricted funds. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties.
What the accounts disclose
“The Trustees’ policy on reserves has been developed after considering the inherent level of risk within our business model. It is to maintain sufficient reserves for the charity to continue to meet its ongoing commitments for a minimum of 3 months (estimated £60,000) less the income generated from our workshop trading activities (£46,000). This allows us to provide sufficient funds to develop and extend the services provided by the charity. The unrestricted funds of the company amounted to £79,736 on 31 March 2025.” — page 8
“On Your Bike Taunton Limited (company number 11516698) was incorporated on 14 August 2018 as a wholly owned subsidiary of On Your Bike (Recycle). The parent charity holds 100% of the issued share capital and 100% of the voting rights of the subsidiary trading company. The company is dormant as at 31 March 2025, albeit that it has a year end of 28 February 2025. Therefore, has £nil profits (2024- £nil), and share capital is £1 (2024-£1). On Your Bike Bridgwater Limited (company number 11516646) was incorporated on 14 August 2018 as a wholly owned subsidiary of On Your Bike (Recycle). The parent charity holds 100% of the issued share capital and 100% of the voting rights of the subsidiary trading company. The company is dormant as at 31 March 2025, albeit that it has a year end of 28 February 2025. Therefore, has £nil profits (2024- £nil), and share capital is £1 (2024-£1).” — page 20
Property (HM Land Registry)
Trustees
- Barry Nicholls
- Charles Biscoe
- Diogo Jose Nobrega Rodrigues
- EDWARD WILLIAM JACK PALMER
- Fiona Wills
- Hugh Gregory
- Michael John Southway
- Michael Pearson
- Oliver Moore
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £339k | £325k |
| 29/02/2024 | £275k | £262k |
| 28/02/2023 | £247k | £255k |
| 28/02/2022 | £177k | £257k |
| 28/02/2021 | £298k | £204k |
Common questions
Is ON YOUR BIKE (RECYCLE) LTD financially healthy?
Per its FY2025 accounts: The charity reported a surplus of £14,316 for the year, with total income of £339,295 and expenditure of £324,979. Net assets increased to £91,867, comprising £79,736 in unrestricted funds and £12,131 in restricted funds. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties. Its FY2025 accounts were independently examined.
Who funds ON YOUR BIKE (RECYCLE) LTD?
Funders whose own accounts filings name ON YOUR BIKE (RECYCLE) LTD as a grant recipient include THE FAIRFIELD CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE FAIRFIELD CHARITABLE TRUST | FY2025 | £5k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Somerset Community Foundation | 15/05/2026 | £71k | On Your Bike (Recycle) Ltd |
| Somerset Community Foundation | 03/10/2025 | £12k | On Your Bike (Recycle) Ltd |
| The National Lottery Community Fund | 28/09/2018 | £8k | Van_2018 |