|||||Page||
|---|---|---|---|---|---|
|Rcport|ofthc I &'Ustces||I|to|3|
|Report|oftbc Imlcpendent
Auditors||4|to|6|
|Coasolidated
Staten&cot oft'ianncial||Activities||||
|Coasolidatcd
Balance Sheet||||||
|Charity|Balance Shcct|||||
|Consolidated
Cash
I&low State&scot||||l0||
|Notes to|tl)e Cnnsolida ted Cash Flovv|State mn&t||||
|Notes to|tlm Censoli&ls ted Financial Statements||l2|to|20|
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|||||for the P|eriod I November
2021 to31 D|ecember 2022||
|---|---|---|---|---|---|---|---|
|||||||Period||
|||||||1.11.21||
|||||||to|Year Ended|
|||||||31.12.22|31.10.21|
|||||||Llnrestricted|Total|
|||||||fund|funds|
||||||Notes|f.|E|
|INCOME AND ENDOWMENTS|||FROM|||||
|Charitable
activities||||||||
|Running &Athletics||||||169,106|500.129|
|Other trading activities||||||3,282,629|717.510|
|Total||||||~3,451 735|~1217639|
|EXPENDITURE ON||||||||
|Raising
funds||||||3,060.018|1,161,129|
|Charitable
activities
Running &Athletics||||||~78 831|74,487|
|Total||||||~3138849|~1235616|
|iVET INCOMEI(EXPENDITURE)||||||312,886|(17,977)|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought
forward||||||18,232|36,208|
|TOTAL FUNDS CARRIED FORWARD||||||~331 118|~18231|
|CONTINUING
OPERATIONS||||||||
|All income and expenditure||has arisen||from imntinuing|activities.|||
##
|||Run 4 Wales Cha|ritable
Foundati|ritable
Foundati|on|||
|---|---|---|---|---|---|---|---|
|||Consolidated|Balance Sheet|||||
|||31December 2022||||||
|||||||31.12.22|31.10.21|
|||||||Unrestricted|Total|
|||Notes||||fundf|funds
I|
|FIXEDASSETS||||||||
|Tangible assets
Investments||ll
12||||14,575
~4544|13,062
~4544|
|||||||19,119|17,606|
|CURRENT ASSETS||||||||
|Debtors||13||||183,438|219,079|
|Cash at bank||||||~2450 711|~233649&|
|||||||2,634,149|2,555,577|
|CREDITORS||||||||
|Amounts
falling due within one year||14||||(2,322,150)|(2,554,952)|
|NET CURRENT ASSETS||||||~31I 999|625|
|TOTAL ASSETSLESSCURRENT||LIABILITIES||||331,118|18,231|
|NET ASSETS/(LIABILITIES)||||||~331118|~18231|
|FUNDS
Unrestricted
funds||15||||331,118|~IB231|
|TOTAL FUNDS||||||~331 I I8|~IB231|
|The financial
statements|iverr approved|by thc Bored ofTmstees and authorised||g,v/(ot
for issue on ............,.r...,...,.,||.......$...aod were signed|on its behalf|
|by:||||||||
||Run|4 Wales|Charitable||Foundation|||||
|---|---|---|---|---|---|---|---|---|---|
|||Charity Balance|||Sheet|||||
|||31|December|2022||||||
|||||||||31.12.22|31.10.21|
|||||||||Unrestricted|Total|
|||||||||fund|funds|
|||Notes||||||2|8|
|FIXEDASSETS
Tangible assets||||||||14,575|13,062|
|||||||||14,575|13,062|
|CURRIsNT ASSFTS
Debtors
Cash at bank||13||||||~47469$|21,370
~1419|
|||||||||474,698|22,7$9|
|CREDITORS
Amounts
falling due within one year||14||||||(503,049)|(8,913)|
|NET CliRRKNT ASSETS||||||||~2$,351)|~13876|
|TOTAL ASSETSLESS CURRENT LIABII.ITIES||||||||(13,776)|26,938|
|NET ASSETS/(LIABILITIES)||||||||~13,776)|~26 938|
|FUNDS
Unrestricted
I'unde||15||||||~I3776)|~26938|
|TOTAL FUNDS||||||||~13,776)|~2938|
|Thc financial
statements
ivere approved|by the Board ol'Trustees||and authorised||I'or issue on|24~
I 3
...**.**., **....**
,**...**,**........I..........**„**...**
**w**
„ ...
.
.
...
and
ein|||signed on its behalf|
##
|||||||||||Run 4 Wales|Charit|able
Foundation||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Consolidated|Cash|Flow Statement||
|||||||||for the||Period 1 November||2021 to31December 2022||
|||||||||||||Period||
|||||||||||||1.11.21||
|||||||||||||to|Year Ended|
|||||||||||||31.12.22|31.10.21|
|||||||||||Notes||f|f.|
|Cash flows from operating
activities
Cash generated
from operations||||||||||||~)23872|~318425|
|Nct cash|provided|by|operating|||activities||||||~)23872|318,425|
|Cash Ilows from||investing|||activities|||||||||
|Purchase|oftangible||fixed|assets||||||||(10,547)|(6,725)|
|Sale ot'tangible
fixed|||assets|||||||||888||
|Net cash|used in|investing||activities||||||||~9659)||
|Change|in cash and||cash|equivalents|||in|the|reporting|||||
|period||||||||||||114,213|311,700|
|Cash and cash equivalents|||||at the beginning||||ofthe|||||
|reporting|period|||||||||||~2336498|~2,024 798|
|Cash snd cash equivalents|||||st the end||of|the||||||
|reporting|period|||||||||||2,450,711|2336,498|
##
||||Nates to ihe Consolidate
for the Period I November|Nates to ihe Consolidate
for the Period I November|Nates to ihe Consolidate
for the Period I November|d
Cash Flow Statement
2021 to31December 2022|d
Cash Flow Statement
2021 to31December 2022||
|---|---|---|---|---|---|---|---|---|
|RECONCILIATION|||OF NET INCOME/(EXPENDITURE)|||TO NET CASH FLOW FROM OPERATING ACTIVITIES|||
|||||||Period|||
|||||||1.11,21|||
|||||||to|Year|Ended|
|||||||31.12.22|31.10.21||
|||||||f.||f|
|Net incomel(expenditure)||||for the reporting|period (as per the|Statement ofFinancial|||
|Activities)||||||312,886||(17,977)|
|Adjustments|for:||||||||
|Depreciation|charges|||||8,368||14,116|
|Protit on disposal oflixed||||assets||(222)|||
|Decrease in|debtors|||||54,220|466,672||
|Decrease in|creditors|||||~251 380|~144386||
|Net cash provided||by|operations|||~123872|~318 425||
##
|ANALYSIS OF CHANGES IN NET FUNDS||||
|---|---|---|---|
||At 1.1121|Cash flow|At31.12,22|
||8|6||
|Net cash||||
|Cash at bank|~2336,498|~114213|~2450711|
||2 36498|114,213|2,450.711|
|Total|36498|~114213|~2450 711|
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||||Period||
|---|---|---|---|---|
||||1.11.21||
||||to|Year Ended|
||||31.12.22|31.I0.21|
||||f|f|
|Other|trading|operations|2,897,404|532,357|
|Other|income||385,225|185,153|
||||~3282629|~717510|
||||||31.12.22|31.10.21|
|---|---|---|---|---|---|---|
|||||||f|
|Turnover|||||3,308,024|653,358|
|Sundry|receipts|||||48,515|
|Investment|||movement||(25,395)|15,640|
|Government|||grants||169,106|500,129|
|Cost of|sales and administration|||costs|(2,941,774)|(1,158,583)|
|Net Profit|||||509,961|59,058|
|Amount
Taxation|GiR Aided to the charity||||(73,247)
(71,110)
~)m))~)||
|Retained||in|the subsidiary||||
|INCOME||FROM CHARITABLE ACTIVITIES|||||
||||||Period||
||||||1.11.21||
||||||to|Year Ended|
||||||31.12.22|31.10.21|
||||||Running
gc|Total|
||||||Athletics|activities|
||||||f|f|
|Govemmcnt|||grants||169t06|~500 129|
##
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##
|Raising don|ations
and|legacies||||||
|---|---|---|---|---|---|---|---|
|||||||Period||
|||||||1.11.21||
|||||||to|Year Ended|
|||||||31.12.22|31.10.21|
|||||||f|f|
|Raising funds||||||~3060 018|~1161129|
|CHARITABLE ACTIVITIES COSTS||||||||
||||||||Support|
||||||||costs (see|
||||||||note 6)
f|
|Running R Athletics|||||||~78831|
|SUPPORT|COSTS|||||||
|||||||Governance||
|||||Management
f|Finance
f|costsf|Totals
f|
|Running R Alhletics||||69,389|~6382|3,060|~78 831|
|Support costs, included||in the above,|are as follows:|||||
|||||||Period||
|||||||1.11.21||
|||||||to|Year Ended|
|||||||31.12.22|31.10.21|
|||||||Running R|Total|
|||||||Athletics|activities|
|||||||f|f|
|Depreciation|oftangible|and heritage|assets|||8,368|14,116|
|Loss on sale|oftangible|fixed assets||||(222)||
|Rates and water||||||4,227|4,227|
|Bank charges||||||260|186|
|Other costs||||||1,895|468|
|Rates and water||||||61,243|52,610|
|Accountancy|and legal|fees||||~3060|~2880|
|||||||~78 831|74 4$7|
##
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##
||STAFF COSTS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.12.22|31.10.21|
|||||||||||f|
||Staffcosts||||||||||
||The average monthly|number|ofemployees||during||the period was|as follows:|||
||||||||||Period||
||||||||||1.11.21||
||||||||||to|Year Ended|
||||||||||31.12.22|31.10.21|
||Administration||||||||4|11|
||Support||||||||11|4|
||||||||||15|15|
||One employee
received a salary above 060,000.||||||||||
|9.|STAFF COSTS||||||||||
||The charity had no employees||for the current||or|preceding year.|||||
|10.|COMPARATIVES FOR TIIE STATEMENT|||||OF|FINANCIAL|ACTIVITIES|||
|||||||||||Unrestricted|
|||||||||||fund|
|||||||||||g|
||INCOME AND ENDOWMENTS|||FROM|||||||
||Charitable
activities||||||||||
||Running
&Athletics|||||||||500,129|
||Other trading activities|||||||||717,510|
||Tutal|||||||||~1217,639|
||EXPENDITURE ON||||||||||
||Raising
funds|||||||||1,161,129|
||Charitable
activities||||||||||
||Running
gt Athletics|||||||||74,487|
||Tntal|||||||||1,235,616|
##
##
##
|COMPARATIVES|FORTHE STATEMENT Ol' FINANCIA|L ACTIVITIES - continued|||
|---|---|---|---|---|
|||||Unrestricted|
|||||fundf|
|NET INCOMEr(EXPENDITURE)||||(17,977)|
|RECONCILIATION|OF FUNDS||||
|Total funds brought
forward||||36,208|
|TOTAL FUNDS CARRIED FORWARD||||~1823!|
|TANGIBLE FIXED|ASSETS||||
|||Fixtures|||
|||and|Computer||
|||fittings|equipment|Totals|
|||t|||
|COST|||||
|At I November
2021||35,477|29,439|64,916|
|Additions|||10,547|10,547|
|Disposals|||~888)|~888)|
|At 31 December 2022||~35 477|~39098|~74 575|
|DEPRECIATION|||||
|At
1 November
2021||32,613|19,241|51,854|
|Charge for year||2,864|5,504|8,368|
|Eliminated
on disposal|||~222)|~222)|
|At 31 Dcccmbcr 2022||~35 477|24,523|~60 000|
|NET BOOK VALUE|||||
|At 31 December 2022|||~14 575|~14 575|
|At 31 October 2021||2,864|10,198|~13 062|
##
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|||||||||||Unlisted|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||investments|
|MARKET VALUE|||||||||||
|At I November||2021 and 31||December||2022||||«4544|
|NET BOOK|VALUE||||||||||
|At 31 December 2022||||||||||4,544|
|At 31 October||2021||||||||«4544|
|There were no||investment|assets uutside|||the UK.|||||
|The lixed asset||investment|represent||those balances held by the subsidiary||and the group.||||
|DEBTORS:|AMOUNTS||FALLING DUK WITHIN ONE YEAR||||||||
|||||||||31.12.22||31.10.21|
|||||||||||f|
|Trade debtors||||||||162,096||143,323|
|VAT|||||||||2,015|5,482|
|Prepayments|and accrued income|||||||19,327||70,274|
|||||||||183,438||219,079|
|Charity|||||||||||
|||||||||31.12.22||31.10.21|
||||||||||f|6|
|Other debtors|||||||||||
|CREDITORS:||AMOUNTS||FALLING||DUE WITHIN ONE YEAR|||||
|||||||||31.12.22||31.10.21|
||||||||||f|6|
|Trade creditors||||||||198,442||3I9,112|
|Taxation and|social security|||||||122,140||15,091|
|Other creditors||||||||2,001,568||~2,220749|
|||||||||~2322 150||~2554 952|
|Charity|||||||||||
|||||||||31.12.22||31.10.21|
||||||||||6|f|
|Other creditors|||||||||I
.u|93|
|included
within||other creditors||is an|amount of81,170,554 (2021:62,063,095) representing|||income for deferred|events.||
##
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##
|MOVE|MEN||T
IN FUND|S|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Net||
|||||||||At|movement|At|
|||||||||1.11.21|in funds|31.12.22|
||||||||||f|f|
|Unrestricted|||funds||||||||
|General|fund|||||||18,232|312,886|331,118|
|TOTAL FUNDS||||||||~tg 232|~3I 886|~33 I 118|
|Nct movcmcnt|||in funds, included|||in thc above|are as follows:||||
|||||||||Incoming|Resources|Movement|
|||||||||resources
f|expended|in funds
f.|
|Unrestricted|||funds||||||||
|General|fund|||||||3,451,735|(3,138,849)|312,886|
|TOTAL FUNDS||||||||~3. 151735|3 13 &49|312.8$6|
|Comparatives|||for movement||in|funds|||||
||||||||||Net||
|||||||||At|movement|At|
|||||||||1.11.20|in funds|31.10.21|
|||||||||E|||
|Unrestricted||funds|||||||||
|General|fund|||||||36,20$|(17,977)|1$,231|
|TOTAL|FUNDS|||||||36,208||18,231|
|Comparative||net movement||in|funds, included||in the above are as tbllows:||||
|||||||||Incoming|Resources|Movement|
|||||||||resources|expended|in funds|
|||||||||f.||f.|
|Unrestricted||funds|||||||||
|General|fund|||||||1,217,639|(1,235,616)|(17,977)|
|TOTAL|FUNDS|||||||1.217.639|~1,23M IG)|~17977)|
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