YOURBIKEPROJECT CIC
YOURBIKEPROJECT CIC
YOURBIKEPROJECT CIC
Company Registration Number:
11451337 (England and Wales)
Unaudited statutory accounts for the year ended 31 July 2021
Period of accounts
Start date: 1 August 2020
End date: 31 July 2021
YOURBIKEPROJECT CIC
Contents of the Financial Statements
for the Period Ended 31 July 2021
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
YOURBIKEPROJECT CIC
Profit And Loss Account
for the Period Ended
2021 | 2020 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | ( | ( |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | ( |
Profit(or loss) before tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
YOURBIKEPROJECT CIC
Balance sheet
As at
Notes | 2021 | 2020 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 3 | ( | ( |
Net current assets (liabilities): | | ( | |
Total assets less current liabilities: | | ( | |
Creditors: amounts falling due after more than one year: | 4 | ( | |
Total net assets (liabilities): | ( | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | ( | ( |
The notes form part of these financial statements
YOURBIKEPROJECT CIC
Balance sheet statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
YOURBIKEPROJECT CIC
Notes to the Financial Statements
for the Period Ended 31 July 2021
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101 Other accounting policies
The accounts have been Prepared and Delivered in accordance with Provision applicable to Companies, subject to small companies regime.
YOURBIKEPROJECT CIC
Notes to the Financial Statements
for the Period Ended 31 July 2021
-
2. Employees
2021 2020 Average number of employees during the period 0 0
YOURBIKEPROJECT CIC
Notes to the Financial Statements
for the Period Ended 31 July 2021
3. Creditors: amounts falling due within one year note
2021 | 2020 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Total | | |
YOURBIKEPROJECT CIC
Notes to the Financial Statements
for the Period Ended 31 July 2021
4. Creditors: amounts falling due after more than one year note
2021 | ||
---|---|---|
£ | ||
Other creditors | | |
Total | |
COMMUNITY INTEREST ANNUAL REPORT
YOURBIKEPROJECT CIC
Company Number: 11451337 (England and Wales)
Year Ending: 31 July 2021
Firstly, all young people who took part in The Bike Project received free training in cycle maintenance, cycle provision and cycle safety. All of our beneficiaries were provided 40+ hours of experience through being in an active workshop. This has essentially enabled our beneficiaries to have an insight of YourBikeProject. Furthermore, our project enabled young people to partake for free and express healthy eating and well-being through our pedal power smoothie machine which attracted the local community to create and enjoy a pedal power smoothie for free. Normally, as we hold pop-up workshops within Camden local parks and green spaces to gain interest from the local community but covid has made this more difficult thus we have moved to an online platform to express our works and interests.The 45 young people received and earned a bicycle, safety equipment and accessories to support their lives to ensure being safe on the busy roads of London. From the 45 young people, we have enabled 5 of them to find work in their chosen careers. For example, we have prepared 5 young people to join Uber eats, Deliveroo, Just Eat and Woodley a carpentry company. This has provided those young people into full-time work and into flexible work also with them earning a legal income within the borough. As an organisation we are focused on exit strategy for young people from a life of crime and ensuring those not in training or other forms of employment had a pathway enabling them for a chosen career path. Secondly, Families and young people who reside in area experience inequality and lack of opportunity. The Bike Project was able to provide young people into training learning craftmanship and artistry skills through cycle maintenance. Deprived members of the community were given an opportunity to earn a bike for free. We created partnership with another local grass root organisation Camden United & Global Generation. This created synergy with our groups of beneficiaries as we want to set examples of teamwork and partnership within the area. We can say with delight we have created a community buzz and feeling, many communities in the area are excited of our work and our unique services we provide as we have made cycling a cost-free leisure in the area.Finally, with the lack of services and funding into traditional means of community, namely community centres, there has been a rise in isolation and poverty, as well as absence of a “sense of community”. The project has been able to bring people from all walks of life into the project which has created a new form of identity in the area. Young people in the local area lack from confidence, self-esteem, and trust. Through the project we able to strengthen these social issues through our project.
Young People from different parts Camden were Main Stockholders.They were offered provision lessons on cycle safety to all beneficiaries on how to be safe while cycling within congested and busy road of central London. Beneficiaries were able to exercise cycling in the local community for free, get to school/college, work more efficiently. Finally, the project enabled young people to take part in training and apprenticeship schemes, and some young people were able to take up delivery jobs in the local area enabling them to earn a legal form of income.Stake holders were consulted by having video shooting and asking them how they feel.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
21 September 2021
And signed on behalf of the board by:
Name: Raqhibul Islam
Status: Director