FARCYCLES LIMITED
Farcycles is an Oxfordshire cycling group that encourages community participation in recreational and lifestyle cycling, through training activities, organised rides and events, and promotion of physical and mental health benefits of cycling. We lobby for cycling infrastructure improvements. We refurbish donated bikes, and give bikes to the disadvantaged, including refugees and asylum seekers.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £130,025, representing a significant increase from the prior year's £102,121. The trustees report that the company generated funds adequate for its plans for the next few years and has no liabilities other than those stated in the Balance Sheet. The charity relies solely on volunteers and has no specific reserves policy.
What the accounts disclose
“Income from shop 82,515”
“Total expenditure on raising funds 62,223”
Trustees
- Gavin Nicholas Hopkins BScchair
- David Martin Williamson MA, FRCS
- Douglas Mark Timms
- NIGEL GEOFFREY WILKINSON
- Richard Lawrence Glazer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £106k | £78k |
| 31/12/2023 | £72k | £54k |
| 31/12/2022 | £53k | £40k |
| 31/12/2021 | £42k | £23k |
| 31/12/2020 | £23k | £5k |
Common questions
Is FARCYCLES LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £130,025, representing a significant increase from the prior year's £102,121. The trustees report that the company generated funds adequate for its plans for the next few years and has no liabilities other than those stated in the Balance Sheet. The charity relies solely on volunteers and has no specific reserves policy. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GUNTER CHARITABLE TRUST | 3 | £14k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 2 | £3.6m |
| PRISM THE GIFT FUND | 1 | £100k |
| WILLIAM ADLINGTON CADBURY CHARITABLE TRUST | 1 | £96k |
| THE MANNY AND BRIGITTA DAVIDSON CHARITABLE FOUNDATION | 1 | £85k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £77k |
| THE FORRESTER FAMILY TRUST | 1 | £75k |
| THE TRESANTON TRUST | 1 | £75k |
Charities like this
- CYCLOX
- CAPITAL OF CYCLING
- THE BIKE PROJECT
- RECYKE Y'BIKE
- CYCLISTS' TOURING CLUB
- WHEELS FOR WELLBEING
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FARCYCLES LIMITED | £106k | — | 0 | unclear | 58.7% | no doubt |
| CYCLOX | £144k | — | 0 | unclear | — | no doubt |
| CAPITAL OF CYCLING | £181k | unclear | 0 | unclear | — | noted |
| THE BIKE PROJECT | £1.4m | — | — | unclear | — | no doubt |
| RECYKE Y'BIKE | £442k | — | 0 | unclear | — | no doubt |
| CYCLISTS' TOURING CLUB | £11.9m | — | — | unclear | — | no doubt |