Register of Charities - The Charity Commission THE BIKE PROJECT
Activities - how the charity spends its money
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.
Income and expenditure
Data for financial year ending 31 December 2021
|Donations and legacies||£1.72m|
|Other trading activities||£53.74k|
£0 investments gains (losses)
Total income includes £37,817 from 4 government grant(s)
Charitable expenditure with investment gains
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
|Income generation and governance||£337.07k|