Right. I've answered my own question. They don't fold in unless you undo them with the allen key. Which I have to say is going to be a bit of a problem if you're cutting about through tight spots in the traffic like Baron Von Grumble.
I had a 550F first bike after passing my test. I'm sure you promised pics of yours when you joined... If it needed more than new oil, battery and a good kick I'd be surprised.