Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
Registered number: 04787529 Charity number: 1100243
EXTRA MILE CHALLENGES
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 17 |
| The following pages do not form part of the statutory financial statements: | |
| Charity Detailed income and expenditure account and summaries |
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
| Trustees | P T Ayres, Trustee (deceased 25 November 2025) |
|---|---|
| M R Banham-Hall, Trustee | |
| M B McNulty, Trustee | |
| M I Rhodes, Trustee (appointed 11 December 2025) | |
| Company registered number 04787529 Charity registered number 1100243 Registered office Lower Harrowdene 7 Memorial Lane Felmersham Bedford Bedfordshire MK43 7JG Accountants / Independent Examiner Hillier Hopkins LLP Chartered Accountants 249 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1NA |
Page 1
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of Extra Mile Challenges for the year 1 April 2024 to 31 March 2025. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
The trustees decided in August 2024 that the "£2 Million Swiss Challenge" (held in September 2025) would be the final event organised by the charity. The trustees intend to wind up the charity's affairs and distribute all remaining funds to other charities no later than 30 September 2026.
Since the Company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The charitable objects are to make donations for such charitable associations, bodies and organisations as the trustees shall think fit.
The charity works in close co-operation with the Rotary Clubs of Milton Keynes Grand Union and of Bedford Park, each of which provides organisational support for the charity’s events. Each nominates one or more charities, generally with a local connection, to receive a proportion of the funds raised by participants in the Annual Challenge and a further amount is donated to the charitable funds of the two Rotary clubs. The remainder is distributed to charities selected by the participants themselves.
b. Activities undertaken to achieve objectives
The charity organises an annual sponsored cycling Challenge to raise money for distribution to charitable associations, bodies and organisations. It is the intention of the trustees, where possible, to distribute to charity 100% of the money raised by participants in the annual cycling Challenge. To date, this has been achieved in every year since the formation of the charity in 2003.
c. Main activities undertaken to further the Company's purposes for the public benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. As evidence of operating for the public benefit, since incorporation the charity has made donations to over 300 other different charities specialising in a wide range of charitable activities.
Achievements and performance
a. Review of activities
The Extra Mile Val de Loire Challenge 2024 was undertaken over three days of cycling in the Loire Valley region of France. Approximately 100 cyclists raised a total of £87,500 all of which was distributed to charities. This brought the total distribution over 22 annual Challenges to £1,947,598.
Page 2
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Financial review
a. Going concern
The charity is no longer deemed to be a going concern. The "£2 Million Swiss Challenge" (held in September 2025 will be the last event organised by the charity. The dissolution of Extra Mile Challenges will take place once the accounts for the cessation period have been filled.
b. Reserves policy
The trustees are conscious that they had to maintain an adequate level of reserves (and hence cash) to enable future fundraising events to be organised and the objective was never to maintain reserves in excess of this level. As the charity plans to cease operations no later than 30 September 2026, the trustees intend to distribute any remaining reserves to other charities before that date.
At the end of the reporting period, the charity held unrestricted reserves of £41,527 (2024 - £30,434).
c. Financial risk management objectives and policies
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud, error and other risks. The trustees have considered and reviewed the principal risks for Extra Mile Challenges and have taken appropriate action to minimise those risks and, where appropriate, to insure against them. These risks include those arising from events organised by the charity and the cancellation of any such event.
The management's main concern is to ensure as far as possible that expenditure is not committed until the related income stream is confirmed. Where that is not practicable the trustees limit commitments prior to expected income being confirmed, having regard to the company's available reserves. Cautious budgets are prepared for all events.
Structure, governance and management
a. Constitution
Extra Mile Challenges is registered as a charitable company limited by guarantee incorporated on 4 June 2003. The charity's governing document is the Memorandum and Articles of Association amended on 28 October 2003.
b. Methods of appointment or election of Trustees
The existing trustees, who are the only members of the company, periodically review the skills available within the trustee body in relation to the existing and planned activities of the charity. They will consider further appointments or co-option as and when they are believed to be desirable. No other person or body has the right to appoint trustees.
c. Policies adopted for the induction and training of Trustees
New trustees are likely to be familiar with the organisation. Regardless of that, they receive briefing on their responsibilities and duties, and are provided with the information necessary and appropriate for them to carry out their role.
Page 3
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Members' liability
The Members of the Company guarantee to contribute an amount not exceeding £1 each to the assets of the Company in the event of winding up.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
(/ ................................................ 62435AB84BBF441...DocuSigned by: M R Banham-Hall (Trustee)
15-12-2025 Date:
Page 4
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the Trustees of Extra Mile Challenges ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 5
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed: Dated: 15-12-2025 4336CDDA43634B8... James Johnson ACA
Hillier Hopkins LLP
Chartered Accountants 249 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1NA
Page 6
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Charitable activities 3 Investments 4 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 166,607 1,475 168,082 156,989 156,989 11,093 30,434 11,093 41,527 |
Total funds 2025 £ 166,607 1,475 168,082 156,989 156,989 11,093 30,434 11,093 41,527 |
Total funds 2024 £ 163,158 1,139 |
|---|---|---|---|
| 164,297 | |||
| 162,567 | |||
| 162,567 | |||
| 1,730 | |||
| 28,704 1,730 |
|||
| 30,434 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 17 form part of these financial statements.
Page 7
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee) REGISTERED NUMBER: 04787529
BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Current assets | |||||
| Debtors | 10 | 7,901 | 16,273 | ||
| Cash at bank and in hand | 61,970 | 17,658 | |||
| 69,871 | 33,931 | ||||
| Current liabilities | |||||
| Creditors: amounts falling due within one | |||||
| year | 11 | (28,344) | (3,497) | ||
| Total assets less current liabilities | 41,527 | 30,434 | |||
| Total net assets | 41,527 | 30,434 | |||
| Charity funds | |||||
| Unrestricted funds | 13 | 41,527 | 30,434 | ||
| Total funds | 41,527 | 30,434 |
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
(/ ................................................ 62435AB84BBF441...DocuSigned by: (t ................................................ D 94A56F712724B6...ocuSigned by: M R Banham-Hall M B McNulty 15-12-2025 Date:
The notes on pages 9 to 17 form part of these financial statements.
Page 8
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
Extra Mile Challenges is a charitable company limited by guarentee incorporated in England and Wales within the United Kingdom.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Extra Mile Challenges meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The financial statements have been prepared on a basis other than going concern due to the decision of the trustess to cease operations no later than 30 September 2026. As a result, the charity's financial position at the year-end does not assume the continuation of its operations as a going concern. The financial statements have been adjusted to reflect the anticipated cessation.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Deferred income relates to corporate support, entry fees and advance sponsorship received in respect of the following year's Challenge.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 9
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
2.8 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 10
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
3. Income from charitable activities
| General funds General funds 4. Investment income Investment income - bank interest Investment income - bank interest |
Unrestricted funds 2025 £ 166,607 Unrestricted funds 2024 £ 163,158 Unrestricted funds 2025 £ 1,475 Unrestricted funds 2024 £ 1,139 |
Total funds 2025 £ 166,607 |
|---|---|---|
| Total funds 2024 £ 163,158 |
||
| Total funds 2025 £ 1,475 |
||
| Total funds 2024 £ 1,139 |
Page 11
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| 5. Analysis of grants Grants Grants 6. Analysis of expenditure on charitable activities Summary by fund type General funds General funds Summary by expenditure type General funds |
Grants to Institutions 2025 £ 87,500 Grants to Institutions 2024 £ 81,219 Unrestricted funds 2025 £ 156,989 Unrestricted funds 2024 £ 162,567 Other costs 2025 £ 156,989 |
Total funds 2025 £ 87,500 Total funds 2024 £ 81,219 Total 2025 £ 156,989 Total 2024 £ 162,567 Total 2025 £ 156,989 |
|---|---|---|
Page 12
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Analysis of expenditure on charitable activities (continued) Summary by expenditure type (continued)
| Other costs | Total | |
|---|---|---|
| 2024 | 2024 | |
| £ | £ | |
| General funds | 162,567 | 162,567 |
7. Analysis of expenditure by activities
| General funds General funds Analysis of direct costs Event costs Other costs Accountancy fees |
Activities undertaken directly 2025 £ 69,489 Activities undertaken directly 2024 £ 81,348 |
Grant funding of activities 2025 £ 87,500 Grant funding of activities 2024 £ 81,219 General funds 2025 £ 67,511 34 1,944 69,489 |
Total funds 2025 £ 156,989 |
|---|---|---|---|
| Total funds 2024 £ 162,567 |
|||
| Total funds 2025 £ 67,511 34 1,944 |
|||
| 69,489 |
Page 13
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Event costs Other costs Accountancy fees |
General funds 2024 £ 79,561 120 1,667 81,348 |
Total funds 2024 £ 79,561 120 1,667 |
|---|---|---|
| 81,348 |
8. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,944 ( 2024 - £1,667 ).
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 31 March 2025, expenses totalling £ 196 were reimbursed to Trustees (2024 - £13 ) in respect of charitable costs.
10. Debtors
| Due within one year Trade debtors Prepayments and accrued income |
2025 £ - 7,901 7,901 |
2024 £ 6,000 10,273 |
|---|---|---|
| 16,273 |
Page 14
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. Creditors: Amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2025 £ - 1,944 26,400 28,344 |
2024 £ 715 1,887 895 |
|---|---|---|
| 3,497 |
12. Financial instruments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 61,970 | 17,658 |
13. Statement of funds
Statement of funds - current year
| Unrestricted funds Reserves Statement of funds - prior year Unrestricted funds Reserves |
Balance at 1 April 2024 £ 30,434 Balance at 1 April 2023 £ 28,704 |
Income £ 168,082 Income £ 164,297 |
Expenditure £ (156,989) Expenditure £ (162,567) |
Balance at 31 March 2025 £ 41,527 |
|---|---|---|---|---|
| Balance at 31 March 2024 £ 30,434 |
Page 15
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
14. Summary of funds
| Summary of funds - current year Balance at 1 April 2024 £ General funds 30,434 Summary of funds - prior year Balance at 1 April 2023 £ General funds 28,704 15. Analysis of net assets between funds Analysis of net assets between funds - current year Current assets Creditors due within one year Total Analysis of net assets between funds - prior year Current assets Creditors due within one year Total |
Income £ 168,082 Income £ 164,297 |
Expenditure £ (156,989) Expenditure £ (162,567) Unrestricted funds 2025 £ 69,871 (28,344) 41,527 Unrestricted funds 2024 £ 33,931 (3,497) 30,434 |
Balance at 31 March 2025 £ 41,527 Balance at 31 March 2024 £ 30,434 Total funds 2025 £ 69,871 (28,344) 41,527 Total funds 2024 £ 33,931 (3,497) 30,434 |
|---|---|---|---|
Page 16
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
16. Post balance sheet events
The trustees decided in August 2024 that the "£2 Million Swiss Challenge" (held in September 2025) would be the final event organised by the charity. The trustees intend to wind up the charity's affairs and distribute all remaining funds to other charities no later than 30 September 2026.
Page 17
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
EXTRA MILE CHALLENGES
(A company limited by guarantee)
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| Income Fund raising Gift aid receivable Corporate and other support Entry and other fees Bank interest Gains on investments Gross income in the reporting period Less: Charitable activities Event costs Other costs Charitable distributions Independent examiners fee Total expenditure Net income for the reporting period Surplus / (deficit) for the reporting period Surplus brought forward at 1 April 2024 Surplus carried forward at 31 March 2025 |
2025 £ 79,996 5,936 26,300 54,375 1,475 67,511 34 87,500 1,944 |
2025 £ 168,082 - 168,082 156,989 156,989 11,093 11,093 30,434 41,527 |
2024 £ 74,055 7,163 23,500 58,440 1,139 79,561 120 81,219 1,667 |
2024 £ |
|---|---|---|---|---|
| 164,297 | ||||
| - | ||||
| 164,297 | ||||
| 162,567 | ||||
| 162,567 | ||||
| 1,730 | ||||
| 1,730 28,704 |
||||
| 30,434 |
Page 18
Docusign Envelope ID: 44FDE889-AD8F-4128-85B3-FF9CF2FA4E5A
Extra Mile Challenges
Payments to Charities
| 2024 | |
|---|---|
| Val de Loire | |
| Charity | Challenge |
| £ | |
| Action 4 Youth | 7,500.00 |
| Air Ambulance Service (Northants) | 1,057.50 |
| Bedford Sports Foundation | 10,215.00 |
| Brain Tumour Research | 6,186.38 |
| Cancer Research UK | 2,336.32 |
| Carers MK | 900.00 |
| Elizabeth Curtis Centre Riding for the Disabled | 945.00 |
| Embrace | 6,113.50 |
| Happy Days Charity | 2,950.00 |
| London's Air Ambulance | 15,198.75 |
| MK Act | 1,200.00 |
| MKGU Rotary Charitable Trust | 3,750.00 |
| Pagabo Foundation | 4,600.00 |
| PBIC | 900.00 |
| Prostate Cancer UK | 2,542.50 |
| Rise Africa | 2,471.25 |
| Rotary Club of Bedford Park Trust Account | 3,750.00 |
| Rotary Club of Louth Benevolent Fund | 2,823.75 |
| Rowans Hospice | 1,327.50 |
| Running Well | 1,432.50 |
| Sue Ryder | 900.00 |
| The Blues Foundation | 900.00 |
| Tibbs Dementia Foundation | 7,500.00 |
| 87,499.95 | |
| Total paid to charities Ardennes Challenge 2023 | 81,218.88 |