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transforming wellbeing through cycling

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Presentation on theme: "transforming wellbeing through cycling"— Presentation transcript:

1 transforming wellbeing through cycling
who we are and what we do

2 Before we get started… A 5-mile bike ride takes…? a) 15 mins
b) 25 mins c) 45 mins d) an hour Before we get started…

3 Before we get started… Commuting by bike generates savings of…?
a) £80/month b) £120/month c) £150/month d) £250/month Before we get started…

4 Before we get started… Cycling reduces your risk of cancer by…? a) 10%

5 Our partnership Our partnership

6 1 2 3 How it works Online pledge calculator and bike selection
Online registration Cost if never ridden Affordability check Nominate collection point Get riding How it works

7 What’s in it for you? A shiny new bike A healthy choice Make savings
Greater motivation Play your part Make time Road, mountain, hybrid or electric. It’s up to you Improved physical & mental wellbeing Lower your commute costs – on average £150/month Ride your bike and it pays for itself Improve our environment by lowering pollution Take control of your travel & gets some exercise What’s in it for you?

8 A shared responsibility
As long as you ride most of your pledge, you pay nothing PLEDGE the miles you want to ride RIDE your bike & it pays for itself SET UP a finance agreement A shared responsibility

9 The free2cycle team Any questions? The free2cycle team

10 A few more details A few more details

11 Pedal power funded (value of bike)
Bike values and details Weekly pledge mileage Pedal power funded (value of bike) An optional personal contribution can be made either as a single payment or monthly contribution or a combination. Estimated bike values below are based on a monthly contribution only. Organisation contribution p.m. estimate (excluding VAT) Estimated carbon saving in kg p.a. (based on commute mileage) Equivalent to planting # trees per year (100 fix) Charity donation / service voucher value p.a. (based on full commute mileage) 10 20 360 855 1,350 12 to 15 326 2 18 40 720 1,215 1,710 24 to 30 653 4 36 60 1,080 1,575 2,070 36 to 45 979 6 54 80 1,440 1,935 2,430 48 to 60 1,305 8 72 100 1,750 2,245 2,740 58 to 73 1,586 88 Bike values and details

12 Reducing the need to pay
What if the pledge mileage isn't met? Based on a weekly pledge of 30 miles or bike value of £540 Contributions £ p.m. est. Weekly mileage % of pledge % of commitment Organisation Cyclist 18.00 0.00 21 69 100 69% 13.04 3.76 15 50 72 50% 6.52 8.72 8 25 36 25% 13.67 0% Reducing the need to pay

13 Different ways to own a bike
Options based on £1000 bike Total cost Term (yrs) Monthly Upfront Traditional purchase 1,000 Zero % finance 1 75 100 Financed (approx. may vary by individual) 1,194 4 23 Traditional Cycle to Work (Lower income) 930 57 Traditional Cycle to Work (Higher income tax) 830 48 750 650 free2cycle with a weekly pledge of 56 miles What if only half the pledge or 28 miles p.w. was ridden? 570 13 NB. free2cycle contributions only applicable in months when cumulative mileage is less than 69% of pledge, example above is worst case scenario assuming only 50% or pledge every month. Different ways to own a bike

14 Tax deductible to organisations
Tax treatment The organisation makes no payment to the cyclist, the organisation never owns or provides the bike. . free2cycle provides a range of services to the organisation to improve wellbeing & the environment. The provision of a bike to the cyclist is an enabler of this. No benefit is payable to the cyclist by the organisation. Tax deductible to organisations Tax free to cyclists Tax treatment


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