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← Stride UK Foundation Limited

2024-12-31-accounts

Stride UK Foundation Limited

Charity No. 07211650

Company No. 07211650

Trustees' Report and Unaudited Accounts

31 December 2024

Stride UK Foundation Limited Contents

Pages
Trustees' Annual Report 1
2
Statement of Financial Activities 3
Summary Income and Expenditure Account 4
Balance Sheet 5
Statement of Cash flows 6
Notes to the Accounts 7
Detailed Statement of Financial Activities 8

Page 1

Stride UK Foundation Limited Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 07211650

Charity No. 07211650

Registered Office

House Of Sport Gate 13 Rowsley Street Manchester M11 3FF

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Samuel John Cheryl Louise Mark Gerrard Mann Russell Siddall C.L. Siddall

Accountants

Oakmont Tax Unit 1b Universal Court Radford Road Nottingham NG7 7AB

OBJECTIVES AND ACTIVITIES

Stride UK Foundation Limited is a charitable company limited by guarantee. Its purposes, as set out in the governing document (Articles of Association), are to advance education, promote health and wellbeing, and relieve disadvantage among young people under the age of 25. This is achieved primarily through participation in sport, mentoring, and educational activities that build confidence, discipline, and leadership. The charity also trains coaches and mentors to deliver these programmes and provides facilities and resources that enable young people to reach their potential through sport and learning.

Page 2

Stride UK Foundation Limited

Trustees Annual Report

During the year ended 31 December 2024, Stride UK Foundation delivered a range of programmes designed to empower and support young people from disadvantaged backgrounds across Greater Manchester. The main activities included: Empowered Minds – accredited educational and life-skills training using AQA qualifications in sports leadership, personal finance, and healthy living. Stride Hubs – community-based sports hubs offering structured coaching, leadership development, and mentoring in safe local environments. We Move – a targeted mentoring programme supporting young people at risk of exclusion, violence, or social disengagement. In 2024 the charity engaged around 480 participants across five hubs, recording more than 6,000 attendances. Approximately 70 % of participants identified as from a Black, Asian or Minority Ethnic background, and the gender mix was roughly 60 % male, 39 % female, 1 % non-binary. Survey feedback continued to show strong outcomes: Resilience 100 %, Teamwork 100 %, Leadership 97 %, and Confidence 98 %. Partnerships were maintained with the Manchester Giants, the Amir Khan Boxing Gym, and several local authorities and schools.

All of Stride UK Foundation’s activities directly advance its charitable objectives for the public benefit. Through sport, mentoring, and education, the charity provides young people—particularly those from the most deprived areas of Greater Manchester—with opportunities to improve their physical and mental wellbeing, gain transferable skills, and build confidence to progress into education, training, or employment. These activities relieve disadvantage and promote social inclusion by removing barriers faced by young people in accessing positive role models and structured support. The Trustees confirm that they have had due regard to the Charity Commission’s guidance on the public benefit requirement under section 17 of the Charities Act 2011. They are satisfied that the charity’s work during 2024 continued to deliver clear and demonstrable public benefit by reducing inequality, improving wellbeing, and fostering stronger, more resilient communities across Greater Manchester.

ACHIEVEMENTS AND PERFORMANCE

During the year ended 31 December 2024, Stride UK Foundation continued to empower young people from disadvantaged communities across Greater Manchester through sport, mentoring, and education. Over 480 young people participated in programmes, generating around 6,000 attendances across five community hubs. The charity’s work improved participants’ physical and mental wellbeing, increased confidence and resilience, and reduced social isolation. Feedback from participants showed measurable improvements in key life skills: Resilience (100%), Teamwork (100%), Leadership (97%), and Confidence (98%). Through its interventions, Stride UK continues to reduce inequality, enhance employability prospects, and strengthen local communities.

FINANCIAL REVIEW

Page 3

Stride UK Foundation Limited

Trustees Annual Report

For the year ended 31 December 2024, the charity recorded total income of £747 (2023: £46,711) and total expenditure of £3,799 (2023: £36,607), resulting in a net deficit of £3,052. The reduction in income reflects a transitional year following leadership changes and the restructuring of programmes, with several funding applications submitted late in the year for delivery in 2025. Operational expenditure was tightly managed to maintain delivery capacity, while reserves were used prudently to support continuity of services. The charity remains solvent and continues to manage its resources effectively to achieve its charitable aims.

The Trustees have agreed a reserves policy equivalent to approximately three months of core costs, estimated at £30,000. This level is considered sufficient to safeguard the charity against short-term funding interruptions and to ensure continuity of essential services. At 31 December 2024, unrestricted reserves were temporarily reduced to fund operational activity during the transition period. The Trustees are committed to rebuilding reserves to policy level during 2025 through new grant income and corporate partnerships.

The Trustees have reviewed the financial position and cash flow forecasts for a minimum period of twelve months from the date of approval of these accounts. While income levels decreased in 2024, the charity continues to receive strong support from its funders and partners. With planned grant income expected in 2025 and continued control over costs, the Trustees consider there are no material uncertainties that cast significant doubt on the charity’s ability to continue as a going concern.

The Trustees have implemented a financial recovery plan that includes rebuilding unrestricted reserves, applying for multi-year grants, and strengthening income diversification through corporate partnerships. The deficit is expected to be eliminated during the next financial year as new funding streams commence.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

M.G. Mann Trustee 31 December 2024

Page 4

Stride UK Foundation Limited Statement of Financial Activities

for the year ended 31 December 2024

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
9
Total
Net gains on investments
Net income/(expenditure)
10
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
748
15,111
74,600		 Restricted
funds
2024
£
61,300
-
215,321		 Total funds
2024
£
62,048
15,111
289,921		 Total funds
2023
£
133,364
118,569
355,652
90,459
16,687
3,772
44,788		 276,621
2,692
-
241,274		 367,080
19,379
3,772
286,062		 607,585
110,419
4,894
554,561
65,247
-		 243,966
-		 309,213
-		 669,874
-
25,212
-		 32,655
-		 57,867
-		 (62,289)
-
25,212 32,655 57,867 (62,289)
25,212
42,569		 32,655
-		 57,867
42,569		 (62,289)
104,858
67,781 32,655 100,436 42,569

Page 5

Stride UK Foundation Limited Summary Income and Expenditure Account

for the year ended 31 December 2024

Income
Gross income for the year
Expenditure
Interest payable
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2024
£
367,080
367,080
307,516
1,560
137
309,213
57,867
57,867		 2023
£
607,585
607,585
669,540
-
334
669,874
(62,289)
(62,289)

Page 6

Stride UK Foundation Limited Balance Sheet

at 31 December 2024

Company No.
07211650
Notes
2024
£
Fixed assets
Tangible assets
12
-
-
Current assets
Debtors
13
52,588
Cash at bank and in hand
78,179
130,767
Creditors:Amount falling due within one year
14
(30,331)
Net current assets
100,436
Total assets less current liabilities
100,436
Net assets excluding pension asset or liability
100,436
Total net assets
100,436
The funds of the charity
Restricted funds
15
Restricted income funds
32,655
32,655
Unrestricted funds
15
General funds
16,698
Designated funds
51,083
67,781
Reserves
15
Total funds
100,436		 2023
£
137
137
41,887
45,721
87,608
(45,176)
42,432
42,569
42,569
42,569
-
-
42,569
-
42,569
42,569

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 December 2024

And signed on its behalf by:

C.L. Siddall Trustee

31 December 2024

Page 7

Stride UK Foundation Limited Statement of Cash flows for the year ended 31 December 2024

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Other gains/losses
Increase in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2024
£
57,867
137
(289,921)
-
(10,701)
(14,845)
(257,463)
289,921
289,921
-
32,458
45,721
78,179
78,179
78,179		 2023
£
(62,289)
-
(355,652)
-
(41,887)
45,176
(414,652)
355,652
355,652
-
(59,000)
-
(59,000)
45,721
45,721

Page 8

Stride UK Foundation Limited Notes to the Accounts

for the year ended 31 December 2024

Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Stride UK Foundation Limited Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

Stride UK Foundation Limited Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

Stride UK Foundation Limited

Notes to the Accounts

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
5
Income from charitable activities		 Unrestricted
£
748
-
-
748		 Restricted
£
-
61,300
-
61,300
Unrestricted
£
15,111
-
-
15,111		 Unrestricted
funds
2023
£
133,364
118,569
355,652
607,585
110,419
4,894
554,561
669,874
(62,289)
(62,289)
(62,289)
104,858
42,569
Total
2024
£
748
61,300
-
62,048
Total
2024
£
15,111
-
-
15,111		 Total funds
2023
£
133,364
118,569
355,652
607,585
110,419
4,894
554,561
669,874
(62,289)
(62,289)
(62,289)
104,858
42,569
Total
2023
£
30,888
92,559
9,917
133,364
Total
2023
£
12,390
59,044
47,135
118,569

Page 12

Stride UK Foundation Limited Notes to the Accounts

6 Other income

7
Expenditure on raising funds
Fundraising trading costs
8
Expenditure on charitable activities
Expenditure on charitable
activities
Governance costs
9
Other expenditure
Bank loan and overdraft
interest payable
Employee costs
Motor and travel costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs		 Unrestricted
£
47,500
27,100
74,600		 Restricted
£
213,321
2,000
215,321		 Total
2024
£
260,821
29,100
289,921		 Total
2023
£
355,618
34
355,652
Unrestricted
£
597
16,090
-
16,687
Unrestricted
£
-
-
1,560
15,559
1,350
73
7,867
18,379
44,788		 Restricted
£
2,692
-
-
2,692
Unrestricted
£
3,772
3,772
Restricted
£
-
-
-
185,067
2,054
64
4,061
50,028
241,274		 Total
2024
£
3,289
16,090
-
19,379
Total
2024
£
3,772
3,772
Total
2024
£
-
-
1,560
200,626
3,404
137
11,928
68,407
286,062		 Total
2023
£
50,347
23,729
36,343
110,419
Total
2023
£
4,894
4,894
Total
2023
£
500
89
-
347,960
11,249
334
11,084
183,345
554,561

Page 13

Stride UK Foundation Limited Notes to the Accounts

10 Net income/(expenditure) before transfers
This is stated after charging:
Depreciation of owned fixed assets
11 Staff costs
Salaries and wages
Social security costs
Pension costs
No employee received emoluments in excess of £60,000.
12 Tangible fixed assets
Cost or revaluation
At 1 January 2024
At 31 December 2024
Depreciation and
impairment
At 1 January 2024
Depreciation charge for the
year
At 31 December 2024
Net book values
At 31 December 2024
At 31 December 2023
13 Debtors
Other debtors
Prepayments and accrued income
14 Creditors:
amounts falling due within one year
Other taxes and social security
Other creditors
Accruals		 2024
£
137
2024
179,468
12,797
4,597
196,862
2024
£
51,829
759
52,588
2024
£
20,304
3,371
6,656
30,331		 £
2,650
2,650
2,513
137
2,650
-
137		 2023
£
334
2023
304,194
25,921
6,963
337,078
£
2,650
2,650
2,513
137
2,650
-
137
2023
£
11,716
30,171
41,887
2023
£
19,727
20,129
5,320
45,176

Page 14

Stride UK Foundation Limited Notes to the Accounts

15 Movement in funds

Restricted funds:
Restricted income funds:
Awards for all
Garfield Weston
Gosling Foundation
Hargreaves Foundation
Peter Harrison Foundation
X reaching communities
Other
Other
Total
Unrestricted funds:
General funds
Designated funds:
Belle Vue
CEO Sleepout
We move
X-Dean trust
Unrestricted
Unassigned
Total
Total funds		 At 1 January
2024
-
-
-
-
-
-
-
-
-
42,569
-
-
-
-
-
-
-
42,569		 Incoming
resources
(including
other
gains/losses
)
£
20,000
30,000
30,000
21,992
15,000
59,175
39,154
61,300
276,621
-
7,144
3,000
74,600
-
5,715
-
90,459
367,080		 Resources
expended
£
(208)
(17,750)
(7,054)
(966)
(12,369)
(49,774)
(14,028)
(141,817)
(243,966)
(25,871)
-
-
(9,719)
(1,776)
(15,030)
(12,851)
(39,376)
(309,213)		 At 31
December
2024
£
19,792
12,250
22,946
21,026
2,631
9,401
25,126
(80,517)
32,655
16,698
7,144
3,000
64,881
(1,776)
(9,315)
(12,851)
51,083
100,436
Purposes and restrictions in relation to the funds: Purposes and restrictions in relation to the funds:
Restricted funds:
Awards for all Grant income
Garfield Weston Grant income
Gosling Foundation Grant income
Hargreaves Foundation Grant income
Peter Harrison Foundation Grant Income
X reaching communities Grant income
Other Grant Income
Other Donations
Designated funds:

Page 15

Stride UK Foundation Limited Notes to the Accounts

Belle Vue

CEO Sleepout We move X-Dean trust Unrestricted Unassigned

16 Analysis of net assets between funds

Net current assets
17 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
22,252
22,252
At 1 January
2024
£		 Restricted
funds
£
78,184
78,184
Cash flows
£		 Total
£
100,436
100,436
At 31
December
2024
£
45,721 32,458 78,179
45,721
45,721		 32,458
32,458		 78,179
78,179
18 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2024
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the company
amounted to:		 are as follows:
2024
Other
£
2024
£
4,597		 2023
Land and
buildings
£		 2023
Other
£
2023
£
6,963

19 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 16

Stride UK Foundation Limited Detailed Statement of Financial Activities

for the year ended 31 December 2024

Income and endowments from:
Donations and legacies
Charitable activities
Other
Total income and endowments
Expenditure on:
Costs of other trading activities
Total of expenditure on raising
funds
Charitable activities
Total of expenditure on charitable
activities
Other expenditure
Bank loan and overdraft interest
payable
Employee costs
Salaries/wages
Employer's NIC
Pension costs		 Unrestricte
d funds
2024
£
748
-
-
748
15,111
-
-
15,111
47,500
27,100
74,600
90,459
597
16,090
-
16,687
16,687
3,772
3,772
3,772
-
-
1,560
1,560
0
8,726
3,069		 Restricted
funds
2024
£
-
61,300
-
61,300
-
-
-
-
213,321
2,000
215,321
276,621
2,692
-
-
2,692
2,692
-
-
-
-
-
-
-
179,468
4,071
1,528		 Total funds
2024
£
748
61,300
-
62,048
15,111
-
-
15,111
260,821
29,100
289,921
367,080
3,289
16,090
-
19,379
19,379
3,772
3,772
3,772
-
-
1,560
1,560
179,468
12,797
4,597		 Total funds
2023
£
30,888
92,559
9,917
133,364
12,390
59,044
47,135
118,569
355,618
34
355,652
607,585
50,347
23,729
36,343
110,419
110,419
4,894
4,894
4,894
500
89
-
589
304,194
25,921
6,963

Page 17

Stride UK Foundation Limited

Detailed Statement of Financial Activities

Staff training
Motor and travel costs
Vehicles - Repairs and
maintenance
Travel and subsistence
Business mileage costs
reimbursed
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bad debts
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 3,764
15,559
68
617
665
1,350
73
6,517
126
307
-
260
479
18
-
160
7,940
-
10,183
8,196
18,379
44,788
65,247
-
25,212
25,212
-
25,212
42,569
67,781		 -
185,067
-
-
2,054
2,054
64
-
-
2,745
-
1,020
-
-
-
296
4,125
3,874
43,871
2,283
50,028
241,274
243,966
-
32,655
32,655
-
32,655
-
32,655		 3,764
200,626
68
617
2,719
3,404
137
6,517
126
3,052
-
1,280
479
18
-
456
12,065
3,874
54,054
10,479
68,407
286,062
309,213
-
57,867
57,867
-
57,867
42,569
100,436		 10,882
347,960
3,257
5,301
2,691
11,249
334
-
150
3,634
80
3,880
1,169
17
260
1,894
11,418
6,478
164,067
12,800
183,345
554,561
669,874
-
(62,289)
(62,289)
-
(62,289)
104,858
42,569

Page 18