CORNWALL LIFE RECYCLE CIO
We promote cycling as a form of active travel through bicycle repair and maintenance workshops, learning to ride guidance, ride out sessions and open days. We focus on confidence building and raising skills levels particularly for isolated and disadvantaged groups and individuals. We run adapted and community cycling programmes to remove barriers to participation in cycling as a sport.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £99,988 at the end of the period, an increase from the previous year. The trustees report a net income of £51,565 and confirm the charity is operating on a going concern basis with adequate resources for the foreseeable future.
What the accounts disclose
“Cornwall Life Recycle ClO has reserves to act as a financial safety net, ensuring we can continue vital services during income drops, emergencies (like pandemics or sudden crises), or funding gaps, while also enabling strategic investment, growth, and smooth cash flow between grants.” — page 7
“During the year two trustees received remuneration totalling £2,243 (2023: £3,580).” — page 21
“Related party transactions Two former trustees’ received remuneration during the current year and previous year, see note above.”
Funders the charity credits
- National Grid
- Mencap
Trustees
- Oliver Baines OBEchair
- Colin Garrick
- Jane Cornelius
- Louise Oliver
- Matthew Oakley
- Shaun Sawyer QPM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £236k | £184k |
| 23/09/2023 | £121k | £111k |
| 23/09/2022 | £90k | £74k |
| 23/09/2021 | £70k | £62k |
| 23/09/2020 | £79k | £46k |
Common questions
Is CORNWALL LIFE RECYCLE CIO financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £99,988 at the end of the period, an increase from the previous year. The trustees report a net income of £51,565 and confirm the charity is operating on a going concern basis with adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.
Who funds CORNWALL LIFE RECYCLE CIO?
Funders whose own accounts filings name CORNWALL LIFE RECYCLE CIO as a grant recipient include THE CLARE MILNE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CLARE MILNE TRUST | FY2022 | £15k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 28/07/2022 | £375k | Recycle for Life |
| The National Lottery Community Fund | 14/04/2022 | £10k | Wheels 4 Fun |
| The National Lottery Community Fund | 15/10/2021 | £8k | Cycle For Life |