THE BIKE PROJECT
We aim to provide relief for those seeking asylum and those granted refugee status and their dependents who are in conditions of need, hardship or distress. To achieve this, we collect, repair, and distribute second-hand bikes to refugees and asylum seekers. All of our resources and funding are directed towards achieving this goal.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a small unrestricted surplus of £45k, bringing its unrestricted reserves from a deficit of £61,700 to a deficit of £17,157. Total group reserves decreased to £211,185, with unrestricted funds remaining negative despite cost reductions and a strategic shift to online retail sales.
What the accounts disclose
“The majority of our income continues to be secured through Trusts and Foundations in the form of grants at 47%” — page 14
“Our Reserves Policy outlines that we will aim to hold two months of operating expenditure in unrestricted reserves.” — page 15
“One trustee also worked as a freelancer cycle instructor for The Bike Project and earned £3,435” — page 33
“One trustee also worked as a freelancer cycle instructor for The Bike Project and earned £3,435” — page 33
“The charity currently has a trading company (The Bike Project Trading Ltd) but it is dormant for the purposes of the 2024/25 accounts.” — page 16
Corporate structure
- Registered company of the charity Companies House 08359498
- Trading subsidiary: THE BIKE PROJECT TRADING LIMITED Companies House 12941780
- Donated/gift-aided to the charity: £1
- The subsidiary holds a debtor balance of £1 owed by group undertakings.
“Amounts owed by group undertakings 1 1”
Funders the charity credits
- Awards for All
Company officers (Companies House)
- CORBY, Esther Hope Carmen on trustee list
- NYONI, Gift Shala on trustee list
- OLINS, Rufus Laurence on trustee list
- HIBBERD, Helen Anne on trustee list
- ROBLIN, Samantha on trustee list
- KRIKLER, Douglas Henry on trustee list
- ADEYEMI, Odunayo Comfort on trustee list
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DOUGLAS KRIKLER
- Esther Corby
- Gift Nyoni
- Helen Anne Hibberd
- Odunayo Comfort Adeyemi
- Rufus Olins
- Samantha Roblin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.4m | £1.5m |
| 31/03/2024 | £1.8m | £1.8m |
| 31/03/2023 | £3.3m | £3.1m |
| 31/12/2021 | £2.2m | £2.3m |
| 31/12/2020 | £1.8m | £1.8m |
Common questions
Is THE BIKE PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a small unrestricted surplus of £45k, bringing its unrestricted reserves from a deficit of £61,700 to a deficit of £17,157. Total group reserves decreased to £211,185, with unrestricted funds remaining negative despite cost reductions and a strategic shift to online retail sales. Its FY2025 accounts were audited by Kreston Reeves Audit LLP.
Who funds THE BIKE PROJECT?
Funders whose own accounts filings name THE BIKE PROJECT as a grant recipient include THE LONDON MARATHON CHARITABLE TRUST LIMITED, WILLIAM ADLINGTON CADBURY CHARITABLE TRUST, THE TRESANTON TRUST, THE MANNY AND BRIGITTA DAVIDSON CHARITABLE FOUNDATION, THE RAYNE FOUNDATION.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 02/04/2026 | £20k | The Bike Project - Refurbishing Bikes for Refugees |
| Foundation Scotland | 02/04/2025 | £8k | Grant to The Bike Project |
| Sport England | 27/11/2024 | £15k | Pedal Power |
| London Borough of Southwark | 31/03/2024 | £16k | Grant to The Bike Project |
| London Borough of Southwark | 31/03/2023 | £15k | Grant to The Bike Project |
| The National Lottery Community Fund | 02/02/2023 | £460k | The Bike Project - getting refugees cycling |
| City Bridge Foundation | 17/11/2022 | £71k | Grant to The Bike Project |
| The National Lottery Community Fund | 24/06/2022 | £10k | The Bike Project's Mechanic Skills programme for refugees and asylum seekers |
| Sport England | 17/06/2022 | £6k | Jubilee Fund - Building The Bike Project community in Coventry |
| London Borough of Southwark | 31/03/2022 | £15k | Grant to The Bike Project |
| The Mercers' Company | 01/07/2021 | £77k | Grant to The Bike Project |
| The National Lottery Community Fund | 19/03/2021 | £10k | The Bike Project's Social Action Heroes |
| Sport England | 22/01/2021 | £6k | TGC CF Pedal Power II: The Home Edition |
| Greater London Authority | 01/10/2020 | £41k | Pedal Power Programme |
| Barrow Cadbury Trust | 21/09/2020 | £40k | COVID-19 - The Bike Project |
| London Borough of Southwark | 01/04/2020 | £15k | Grant to The Bike Project |
| A B Charitable Trust | 09/01/2020 | £20k | A grant to The Bike Project |
| City Bridge Foundation | 26/09/2019 | £107k | Grant to The Bike Project |
| The National Lottery Community Fund | 23/05/2019 | £10k | The Bike Buddy Programme |
| UK government | 01/04/2019 | £39k | The Bike Project |
| London Borough of Southwark | 01/04/2019 | £15k | Grant to The Bike Project |
| The National Lottery Community Fund | 19/02/2019 | £76k | The Birmingham Bike Project |
| Greater London Authority | 26/11/2018 | £12k | Grant to The Bike Project |
| The National Lottery Community Fund | 22/11/2018 | £375k | The Bike Project ? Getting Refugees Cycling |
| A B Charitable Trust | 15/10/2018 | £15k | A grant to The Bike Project |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FORRESTER FAMILY TRUST | 2 | £89k |
| THE GIBBS CHARITABLE TRUSTS | 2 | £6k |
| THE LADY FATEMAH (A.S.) CHARITABLE TRUST | 1 | £208k |
| THE BATCHWORTH TRUST | 1 | £130k |
| Brian Mercer Trust | 1 | £112k |
| THE ALBORADA TRUST | 1 | £100k |
| THE BRIGHT FUTURE TRUST | 1 | £96k |
| HANDSPARK CHARITABLE TRUST | 1 | £70k |
Charities like this
- RECYKE Y'BIKE
- WORLD BICYCLE RELIEF UK
- RE~CYCLE
- GOODWILL CARAVAN
- HEALTHY LIVING PROJECTS LIMITED
- STREETBIKES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE BIKE PROJECT | £1.4m | — | — | unclear | — | no doubt |
| RECYKE Y'BIKE | £442k | — | 0 | unclear | — | no doubt |
| WORLD BICYCLE RELIEF UK | £2.2m | £70,001 - £80,000 | 1 | unclear | — | no doubt |
| RE~CYCLE | £389k | — | 0 | unclear | — | no doubt |
| GOODWILL CARAVAN | £783k | in excess of £70,000 | 1 | unclear | — | no doubt |
| HEALTHY LIVING PROJECTS LIMITED | £549k | — | 0 | above | — | no doubt |