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CYCLOPARK

Registered charity 1144915 · accounts filings on the Charity Commission register

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Latest income
£1.3m
Latest spending
£1.3m
Registered
2011
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity recorded a net surplus of £6,954 for the year ended 31 March 2023, resulting in total funds of £348,397. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis of preparation.

What the accounts disclose

Reserves policy: £150,000 (held: £348k)
“The Board has assessed that reserves should maintained at £150,000 to allow for up to four months closure with no income.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Bruce Sandell (Trustee) is the Chair (Dec 22), as well as Committee member (Nov 22) and race organiser for the Southborough & District Wheelers committee who hosted the Cyclocross national trophy at Cyclopark during the year. A Service Level Agreement has been written between Cyclopark and the Southborough & District Wheelers detailing the responsibilities of the host and the venue. Income of £459 has been paid during the year.
“Bruce Sandell (Trustee) is the Chair (Dec 22), as well as Committee member (Nov 22) and race organiser for the Southborough & District Wheelers committee who hosted the Cyclocross national trophy at Cyclopark during the year. A Service Level Agreement has been written between Cyclopark and the Southborough & District Wheelers detailing the responsibilities of the host and the venue. Income of £459 has been paid during the year.” — page 40
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Kreston Reeves LLP. Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Cyclopark (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.3m
Total spending
£1.3m
Cost of raising funds
£179k
Reserves (reported)
£370k
Employees
52

Reported reserves equal ~3.3 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kent

Income and spending

Financial year endIncomeSpending
31/03/2025£1.3m£1.3m
31/03/2024£1.2m£1.1m
31/03/2023£1.1m£1.1m
31/03/2022£1.1m£994k
31/03/2021£754k£690k

Common questions

Is CYCLOPARK financially healthy?

The accounts state that the charity recorded a net surplus of £6,954 for the year ended 31 March 2023, resulting in total funds of £348,397. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis of preparation. Its FY2023 accounts were audited by Kreston Reeves LLP.