FRIENDS OF PEDALL
The promotion of community participation in healthy outdoor recreation by the provision of facilities for cycling
Financial health, per its FY2024 accounts
The accounts state that the charity made a surplus of £40,262 during the financial year, resulting in total net assets of £107,658. Per the trustees' report, unrestricted funds stood at £73,415, while restricted funds were £34,243. The trustees concluded that there is no need to hold any formal reserves, though 90% of unrestricted funds are designated for future project operating costs.
What the accounts disclose
“Voluntary Receipts 32,163”
“The trustees have reviewed the future direct liabilities of the charity and concluded that there is no need to hold any formal reserves. However, 90% of any unrestricted funds held will be designated as future PEDALL Project operating costs” — page 6
Trustees
- Caroline Powell
- Darren Richard Hutchins
- Dr Emma Street
- Joe Reilly
- Johanna Louise Haller Bolhoven
- Michael John Wilson
- Richard John Taylor
- Robin Givens
- Vanessa Targett
- Viliame Tubailagi Nanovo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £43k | £2k |
| 31/12/2023 | £31k | £4k |
| 31/12/2022 | £67k | £49k |
| 31/12/2021 | £22k | £17k |
| 31/12/2020 | £10k | £0 |
Common questions
Is FRIENDS OF PEDALL financially healthy?
Per its FY2024 accounts: The accounts state that the charity made a surplus of £40,262 during the financial year, resulting in total net assets of £107,658. Per the trustees' report, unrestricted funds stood at £73,415, while restricted funds were £34,243. The trustees concluded that there is no need to hold any formal reserves, though 90% of unrestricted funds are designated for future project operating costs. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 06/05/2021 | £44k | Install a new container and upgrade an existing container |