LIFE CYCLE

Charity number: 1077575
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Life Cycle helps people take up cycling as a way of bringing about social and environmental change. We run a range of practical projects and services that overcome the barriers to cycling. We also pioneer new ways of raising awareness of the many benefits cycling brings: to individuals, to communities and to the planet.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,318,407

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Donations and legacies £30.61k
Charitable activities £1.28m
Other trading activities £0
Investments £5.80k
Other £0

Total expenditure:
£1,368,526

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Raising funds £54.49k
Charitable activities £1.31m
Other £0

£465 investments gains (losses)

Total income includes £252,813 from 9 government contract(s) and £56,030 from 5 government grant(s)

Charitable expenditure

Charitable expenditure

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.

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Raising funds and other expenditure £54.49k
Charitable expenditure £1.31m

People

39 Employee(s)

9 Trustee(s)

83 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Environment/conservation/heritage
  • Economic/community Development/employment
  • Recreation
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Defined Groups
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Bath And North East Somerset
  • Bournemouth
  • Bristol City
  • Derby City
  • Leicestershire
  • North Somerset
  • South Gloucestershire
  • Swindon

Governance

Registration history:
  • 28 September 1999: Standard registration
Organisation type:
Charitable company
Other names:
  • LIFE CYCLE (Working name)
  • CYCLE WEST (Previous name)
  • LIFE CYCLE UK (Previous name)
Company number:
03836786 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Guy Buckland Trustee 17 March 2025
WEST OF ENGLAND SPORT TRUST
Received: On time
Duncan Cooper Trustee 17 March 2025
None on record
Geoffrey Roach Trustee 17 March 2025
None on record
Michael Hobson Trustee 01 August 2023
None on record
Nadia Saba Trustee 10 September 2022
None on record
Keith Norman Trustee 12 May 2022
None on record
Nicola Key Trustee 12 May 2022
None on record
Harold Binley Trustee 01 July 2019
None on record
Kiron Chatterjee Trustee 01 July 2019
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £682.91k £927.02k £1.05m £1.11m £1.32m
Total expenditure £719.46k £799.56k £1.04m £1.19m £1.37m
Income from government contracts £199.80k £141.23k £234.36k £229.20k £252.81k
Income from government grants £31.48k £82.83k £5.40k £10.00k £56.03k
Income - Donations and legacies £15.52k £150.10k £19.75k £28.28k £30.61k
Income - Other trading activities £104.04k £127.53k £188.40k £215.78k £0
Income - Charitable activities £551.74k £639.72k £827.37k £856.61k £1.28m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £11.61k £9.68k £10.12k £10.44k £5.80k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £35.71k £2.50k £5.00k £0
Expenditure - Charitable activities £696.03k £768.93k £1.01m £1.14m £1.31m
Expenditure - Raising funds £23.43k £30.63k £30.34k £49.67k £54.49k
Expenditure - Governance £4.98k £11.74k £5.50k £6.25k £6.01k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £5.35k £294 £0 £0 £0
Long-term investments £221.19k £237.81k £247.66k £224.88k £155.87k
Other assets £159.70k £333.41k £355.38k £291.29k £303.84k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £59.96k £101.15k £113.44k £131.46k £124.66k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 31 October 2024 On Time
Accounts and TAR 31 March 2024 31 October 2024 On Time Download Open in new window
Annual return 31 March 2023 06 December 2023 On Time
Accounts and TAR 31 March 2023 06 December 2023 On Time Download Open in new window
Annual return 31 March 2022 15 December 2022 On Time
Accounts and TAR 31 March 2022 15 December 2022 On Time Download Open in new window
Annual return 31 March 2021 06 October 2021 On Time
Accounts and TAR 31 March 2021 06 October 2021 On Time Download Open in new window
Annual return 31 March 2020 05 August 2020 On Time
Accounts and TAR 31 March 2020 05 August 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED ON 6 SEPTEMBER 1999. AS AMENDED BY SPECIAL RESOLUTION(S) DATED 17 JUL 2017 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 04 SEP 2017 as amended on 03 Aug 2022 as amended on 20 May 2024

Charitable objects

1) to promote the conservation of the natural environment for the benefit of the public by promoting cycling as a means of transport; 2) to educate the public on the benefits of cycling as a non-polluting means of transport 3) to advance the education and training of the public in road safety and the safe use and maintenance of bicycles; 4) to preserve and protect the health of the public by encouraging and facilitating safe cycling; and 5) to provide for the public benefit, the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage, who otherwise have limited access to the benefits of cycling, by providing them with opportunities or the motivation to own or use a bicycle or to cycle more regularly.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
THE CREATE CENTRE
SMEATON ROAD
BRISTOL
BS1 6XN
Phone:
01173534580
Email:
hello@lifecycle.org.uk
Website:

www.lifecycleuk.org.uk Open in new window