REGIsfERED COI¥IPANY NUMBER: (England And Wales)
REGISTERED CHAIUTY NLTMBER: 1160212
Report ol the Trustees and
FinanciAI Statements
for the YeAr Endtd 31 Detember 2024
for
RUN 4 WALES CHARITABLE FOUIYDATION
Xeinadin Audit Limited
Charlercd Accountmnls
& Sialulory AuditOTS
Suite 2d
Building l Eastern Business Park
St Mellons
Cardiff
South Glamorgan
CF3 3EA

RUN 4 WALES CHARITABLE FOUNDATION
Contents of the Financial StAtemenls
for the Year Ended 31 December 2024
P8ge
Report of tht Trustees
I to 3
Report of the Independent Auditors
Statement of Finanelal Activitles
BAlanct Sheet
Notes to the Financial Sti¢ements
9 10 13
Detolled Statement of Financial Aetivities
14

RUN 4 WALES CHARITABLE FOUNDATION
Report of the Trustees
for the Year Ended 31 December 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 21J06. present their report with the financial
statements of the chttrity for ihe year ended 31 De¢¢mb¢r 2024. The trustee5 have adopted the provisions of Accounting And
Reporting by Charities: Statement of Rccommended Practice applicable to charities preparing their accounts in accordance with the
Financial ReportÈng Standard applicable in the UK and Republic of Ireland (fRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objecttves, Aims and significAnt Aetlvitits
The object of the Run 4 Wales Charitabl¢ Foundalion 15 the promolion of wmmunity participation in healthy reerealion for the
benefit of the inhabilanls of Wales. by Ihc provision of facilities for running and athletics (alone or in conjunction with others).
Publlc benefit
The Iruslees confirm Ihat they havc r¢fcrr¢d lo ihe guidance coniained in Ihe charxty commisston general guidance on public benefit
i¥hen i'evi¢wing the fund's alm and objective and in planning future aclivilies.
CrAntmfiklng
In 2015 the Charity established a grant making process 10 a¢hieve ils obje¢lives. This process includes Ihc following steps.
l. Compldion of an application fom and submission to the Trnslees for consideration.
2. Pr¢sentalion and question And answer session wilh the TTustees.
3. Letter of confirination, with condilions, if appropriate.
4. Review and evaluation.
ACHIEVEMENT AND PERFORMANCE
ChRritAble 8ctivitles
The Run 4 Wales Charitable Foundation IR4wcf) w18 established in 2015.
The Board of Trustees was re-set following the ¢realion of a Joint ven111￿ iviih Lonth)n MAr8ihon Bvents in December 2022 with a broad range
of experience in priority are&s.
At lh¢ June 2024 meetin& the Trustees reviewed ihe current R4W Group Siralcgy wilh & vicw to setting a simplified R4WCF Siralegy.
The refreshed Board 5UPPOrts the broader Group vision of "Inspiring Aclivily in WAl¢s" has s¢1 out the sirntegic ambiiion of ihe Foundation
with a simplified mission slalemenl ivlii¢h noiv 5181es'.
'To foster, encoLlI'ftge fti)d develop riinning, i¥'c Iking and llthleticy acr055 Wales in R 5U51Nii)Rble ivay that jinp￿yeS and eiihaiices peopl¢'s lives,
Pfjl'liculai'ly youiig. disad%'anlaged, and ni￿rginaliSed groups aiid groivs the i)uinbei' of pcople involved in Illis a5 N social an(1 spoi'ting aclivity"
Th¢ Foundation aims lo lake strides in inspiring p8rti¢ipation 8ttd diversily in sport by eontinuing to engage children and young people in
physical activity and diversifying the range of sEx>rting events on offer Ihrough investing An facililie& programmes. partner5hip5 and evertls to
help get even more people moving, including those from und¢r-s¢rv¢d communilies.
Im 2024, Ihc 1'tuslees auihori5¢d donations to sUp￿rt these objective5.
'rhe Run 4 Wales Charilablc Foundation will coniinue to review ils grant making decisions and ensure these are in linc with the charity's
objectives.
FITrIANCIAL REVIEW
Reserves policy
The Irusle¢s aim lo maintain free reKrves in unrestricted funds al a level which equales to app]Dximatcly £30.OIX). which ¢ov¢rs one
y¢ai s running costs for the charity-
Other funds will be designated as funds to Providc grants for th¢ objects of the charity.
I'he trustees consider that thi5 level Ivill provide sufficient funds to cover SUp￿)rt and govemance costs.
STRUCTURE, GOVERNANCK AND MANAGEMENT
Governing dofument
The ¢harity i5 conts'olled by its governing do¢um¢n( registered on 29 January 2015 and constitute5 a Charitable IncO￿Orated
Organisalion.
Page I

RUN 4 WALES CHARITABLE FOUNDATION
Report of the Trustees
for Ihe Year Ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
RecrultmeDt and appointment of new trustees
Trustees are appointed or rcapwinted annually at thc Annual General Meeting.
Every trustee must be appointed for a t¢mi of Ihree year5 by a resolution P85sed at a properly wnvened m¢eting of the charity
trust¢es.
Welsh Aihlelics may appoiril up to two charity I￿￿te¢s.
OrgAnisAtionil structure
The Board has overall responsibility for the governance of the Charity. Ii meets ai I¢￿t twice per year. The Board delegates authority
lo the Chief Execuiive ivho leads the Senior Management Team in the day to day managemcnt of the Charity. working ivithin the
rinancial framework. proc¢dures and polictes sel down by ihe Board. Th¢ Chief Executive has delegated authorily for human
re.8ource planning. cmployment, service development and fmance.
The Senior Management Team consists of the following personnel:
Chief Execulivc
Related pArties
None of our trustees rec¢iv¢ r¢mun¢ralion or any oth¢r b￿Crit from their WO￿ wilh the charity, Any connection beTh¥een a trustee or
$¢nior manager of the charity and a supplier must be disclosed to the full board of i￿￿tee$ in the same way as any oiher contractual
relationship wilh a related paty. In Ihc currenl year no such rela￿d party tr8nsaclions were reported.
Rlsk mAnAgement
The systems and internal controls ¢slablished by the Board are designed lo provide reasonable, bul not absolut4 assuran¢e against
malerial misstatement or loss. Tru5tee5 8nd senior 51aff carry out the risk a55e55menl. including the writing and revieiv of 8 risk
register iii order lo confirm Ihal the major ri5k5, to ivhich the Charity is exposed have been reviewed and syslems eslablished lo
mitigate those risks. The Boar(Is has identified the following key risk areas:
- Governan¢¢
Operational
Triiiancial
External
Compliance with Laws & Regulaiiofts
We rely on a number of 8ranls from a sm&ll number of sources, which are aw8rd¢d on a fixed-lemi basis only and some may also be
wiihdrawii iviih liiilL noliLe. We &im to mitigate this risk by Maximi￿ income genernting opportunities and ensuring that the
Charity has an adequate reserves policy in placc.
REFERENCE AND ADMINISTRATIVE DETAIIS
Regsstered CompAny number
(England and Wales)
Registered ChArity number
1160212
Registered o(rt¢e
Podl
Capital R¢lail Park
Le¢kiviih Road
Cardiff
crii 8EG
Truslees
RDCole
A Abdi
C Gough
L E MorBall Jones
CRMoss
L S Williams
Page 2

RUIY 4 WALES CHARITABLE FOUNDATION
Report ofthe Trustees
for the Year Ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Xeinf¢din Audit Limited
Chartered Accountants
& Statutory Auditors
Suile 2d
Building l Eastern B￿sIneSS Park
Si Mellons
Cgrdiff
South Glamorgan
CF3 3EA
TRUSTEES, RESPONSIBILITY STATEMENT
The tru8tees (who are also the directors of Run 4 Wales Charitable Foundalion for ihe purposes of company law) ar¢ r¢sponsible for
preparing the Report of Ihc Truslecs and the financial stalements it) acwrdai)ce with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice) including Finan¢ial Re￿rtIll8 Standard 102 "The Financial
Reporting Standard applicable in the UK and Republi¢ of Ircland"
Company law requires Ike trnslees to prepare financial slatcm¢nis for each financiDI year which give a true and fair view of lh¢ stale
of affairs of the charilablc company and of the incoming resources and applicaiion of r¢sources, including th¢ incoine and
expenditure, of the charilable ¢ompany for Ihal period. In preparing thos¢ financial slalcmcnls. the Injslees are requirtd to
select suitable accounting policie5 Jnd then apply Ihem consistently.
observe the methods and principles in the Charity SORP;
make judgcmenls and estimates Ih41 are reasonable and prudenl.
prepai'e the fin¥n¢i81 slalemcnls on Ihe going concern basis unless it is inappropriate lo presume that ihe charitable company will
continue in business.
The Iruslees arc responsible for kc¢ping propcr accounting records which disclose with reasonabl¢ atturacy at any time the financial
position of the charitable Company and lo enable th¢m lo ensure Ihal the financial slalemenls comply iviih the Companies Acl 2006.
They al'e algo responsible for safeguarding the ￿¢15 of th¢ charitable company and hence for taking reasonable sl¢ps foi. the
preveiition and deieclion of fraud artd orher irregularilie5.
In so fAr as the trustees ai¢ aware:
Ilieir is no relevant audil information of which the charilable company's audilors arc unaware. and
the Irusl¢¢s have taken all steps Ihal they oughi lo hav¢ taken lo make thcmselves awarc of any relevAnt audit information and lo
C51ablish that th¢ Mudilors are aware of that infornialion.
AUDITORS
The auditois, Xeirtadin Audit Limilcd, Ivill be prorrt)5ed for re-appoinlinmi at the forthcoining Annual General M¢¢ling.
and signed on its behaifby:
Approved by ordcr of th¢ l)oard of lrnsl¢¢s on
RDCole-T
ste¢
Page 3

Report of the Independent Audltors to the Trustees of
Run 4 Wales Charilable Foundation
Opinion
We have audited the financial slatem¢nls of Run 4 Wales Charitable Foundation (the 'charilable company.) for the year ended
31 De¢ember 2024 which compri5c ihe St8l¢ment of Financi21 Aclivities. the Balance Sheet and notes to the fmancial 5talements,
including a summary of significant accouniing policie5. The fjnancial reporting framework that has bccn applied in their preparntion
is applicable law and United Kingdom Accounting Standards (United Kingdom Geiierally Accepted Accounting Prdctice), including
FinarAcial Reportirjg Standard 102 The Financial Reporting Standard appIl￿bEC in the UK and Republic of Ireland,.
In our opinion ihe financial statement5:
givc a true and fair vicw of ihe state of the charitable company's affairs as at 31 tkcember 2024 and of ils incoming reSou￿¢S and
application of r¢sources, including its income and exp¢ndiluie. for the ycar then ended.
have been properly prepared in ac¢ordJnce wilh United Kingdom Generally A￿¢pied Accounting Practice. including financia]
Reporting standard 102 Th¢ Financial Rcporting StaThdard applicable in the UK and R¢public of Ireland," and
have been pr¢pared in accordance with ihe rcquiremenls ofthe Cotnpanies Aci 2006.
BASIS for opinion
We conducted our audit in accord8n¢e with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibilities undei. those standards ar¢ further de￿ribed in the Audirors, responsibilities for th¢ audit of the financial slatenienls
section of our rcport. We are independent of the charitable company in accordance with the ethical requirernenls Ihat are relevant lo
our audit of the financial stalemcnts in Ihe UK, including lh¢ FRC'S EihiLal Standard, and we h&ve fulfilled Qui. oiher ethical
responsibilities in accordance with thc5e requir¢inenis. We believc that the audit evidence we have obiained is sutTici¢nt and
appropriate lo provide a busi5 for our opinion.
MAterial UncertAintits r¢l#iing to golng ¢onc¢rn
In audiiing the financial slalements. we have concluded Ihal the trnslees. use of the going concern basis of accounting in the
pi'eparation of the financial statements i5 appropriate.
Based on the work we have perfonncd, we have noi id¢ntifJ¢d any materi&l uncertainties fflating to events or conditions that,
individually or collectively, may c&81 significant doubt on the charitsble company's ability lo continu¢ as & going conc¢rn for a period
of al lea51 twelve months from whcn the financial slalemenls ar¢ auihurised for i5SUC.
Oiir responsibilities and Ihc responsibilities of thc lThslccs wilh respect lo going con¢¢rn are described in the rclcvanl se¢lions of this
report.
Other informRtlon
The li'uslees are ￿SPonsible for th¢ other information. The other infomi&1ion comprises lh¢ infornialion Includ￿ in the Annuftl
Report. other than the financial slalemcnls and our Report ofihe Independent AuditOTS thereon.
Our opinion on ihe financial statements docs tKJi cover Ihe ollier infonnalion and, except to ihe extent otherwise explicitly stal¢d in
our r¢porL we do not express any fomi of ossurance conclusion ihcreon.
In connection with our audit of the financial slalements, our responsibility is to read Ihe other informalion and, in doing so. consider
whether the other inforInalion is materially inconsistent with the financial sl8tem¢nls or our knowledge obtained in the audil or
oihei'¥vise appeurs lo be malcrially misstaled. If we identify such malerial in¢onsislencics or apparent Inaterial tnisslalemenls, we 4r¢
requiird lo delemiine whether this gives rise lo a malerial mi551al¢ment in the finarlcial stalcmenls Ihemselves. If, based on the work
Ive have pei'foi'med, we conclude Ihal there is a material misstatement of this other inforniation, we are required lo report thai fact.
We have noihing lo re￿rt in this regard.
Matters on which we Are required to report by ei¢eplion
We have nothing to reporl in respect of Ihe following maller5 wherc Ihe Charities (Account5 and Reports) Regulations 2008 requires
us to report lo you if, in our opinion..
the infornialion given in lh¢ Report of the Tru5t¢es is in¢onsislenl in any material res￿¢1 with the financial stalements. or
the charitable coinpany has not kept 8dequale aLcounting records. or
the financial stxleine1115 are nol in agreement wilh the accounting rewrds and rdurns- or
we l)&ve not received all the iAfoiYnalion and explanalion5 we require for our audit.
Responsibilitles of trustees
As eYplain¢d more fully in the Trustees, R¢sponsibililies Statcmcni lh¢ IrustCC5 (who are also ilie dIre￿Or5 of the charitable company
for the purpos¢s of company laiv) are responsible for the preparation of the fu)ancial ￿ttleMentS and for being satisfied that they give
rl true and fair vi¢iv, and for such tnl¢rnal control as the InA5tec5 delerniine is necess&ry to enable thc preparalion of financial
slalemenls that are free from material misstalemenl, whcihcr due lo fraud or error.
In preparing the financial slal¢mcnts, the Itustees are responsiblc for assessing the charitable company's &bility to continue as a going
Conce￿ dis¢105in& ￿ applicable, matters related to going concern and using the going concern basis of accounting unless the
truslcc5 cither int¢nd th liquidat¢ th¢ ¢haritabl¢ company or lo cease opcrations or have no realistic allemative but to do ￿.
Page 4

Report of the Independent Auditors to the Trnstees of
Run 4 Wale5 Charitable Foundation
Our responsibilities fDr tht audit of tbe fin#nciil statements
We hav¢ been appointed as auditors under Seclion 144 of the Charities Act 201 l and report in accordance with the Act and relevant
r¢gulutions tnade or hayirkg cffect thereunder.
Our objectives are to obtain reasonable assurance alx)ut wheiher the financial sthl¢ments as a whole are frec from material
misstatcmenl, whether due Éo fraud or error, and to issuc a Rey)rt of the Indq)endeni Auditors Ihat includes our opinion. Reasonable
55urance is a high level of assurartce, but is not a guarwile¢ Ihat an audit conducted in accordance with ISA5 (UK) will always delecl
a material mi551atemenl when il cxisls. Misstatements can arise from frnud or error and are consider¢d material if. individually or in
th¢ aggregRle, they could reasonably bc cxpecled to influence the economic decisions of users taken on the basis of these financial
stalemenls.
Identifying and Kssessing potentlal risks related to Irregularities
In identifying and assessing risks of malerial misstatement in respect of irregularilie5 including fraud and non-compliance with laws
and rcgulalions we have considered the folloiving..
(a) The nature of the induslry and sector, conirol ertvironmenl and business perfonn3nce'
(b) R￿Ults of the enquiries of manag¢menl about iheir own idenlificalion and assessment of th¢ risks of irregularilies.
(¢) Any matters we have identified having obtained and review¢d the company's documentation of their rA)licies and procedures
relating lo:
(i) identifying. evaluating and complying wilh law5 and re8ulalions and whether ih¢y were awa￿ of any inslancc5 of
non-compliance.
(ill detecting and responding lo the risks of frnud and whether they have knowledge of any actual, suspected or alleged fraud;
{iii) Ihe intei'nal controls established to mitigate risks of fraud or non-compliancc with I&iv5 and rcgulations.
{iv) the matters dis¢ussed among the audit engagement team regarding how and where frdud might occur in the financial slai¢menls
and any potential indicators of fraud.
As 8 result of th￿¢ procedures. we Considered the opportunities 8nd incentives that Inay exist within lh¢ organisation for frnud and
idenlified the greatest potential for fraud in the following are&s-
(a) Tiiyling of i'ecognilion of incoine
In common lviih all audits under ISAS (UK), we arc also required lo perfom specific procedurc5 to respond lo the risk of
mana8ement override.
We also obtfiined an uDderstandin8 of the legal and regulo10ry frameivorks Ihat the chArilabl¢ Company operate5 in, focusing on
provisions of those laws and regulations thai had a direct effect on Ihe deiem)inalion of material amounts ai)d disclosures in the
financial slalemeiils. The key laws and regulations we considcre(f in Ihi.8 context included UK Companies Act, employment law,
health and 5af¢ty, pensions Ic8i$lalion and tax legis18tion,
In addition. we con5idcred provisions of oih¢r18ws and regulalions that do nol hav¢ J direct etycct on ihe financial slaterncnts but
compliance with which may be fundttmental lo the charitsblc company's ability lo operatc or lo avoid a m8leri&l pcnalty.
Audit response to rlsks identified
Oui. procedure5 to respond lo risks identified included Ihe following..
(a) Reviewing the financial s18temeTrl disclosures and lesling lo supporting documentation lo assess compliance with provision5 of
relevant laws and regulations described as having a direct effect on thc financial 5tatcmcnt&
(b) Ertquiring of maiiag¢ment conc¢ming actual and potential litigation and claÈms;
(¢1 Pcrforming analytical procedures to identify any unusual or uncxpected r¢lalionships that may indicatc risks of maleri&l
misslalement duc to fraud. and
(d) In addressing th¢ risk of fraud Ihrough managemertl override of ¢ontrols, testing the approprialcncss of joum81 entries and other
adjuslmenls. assessing ivheiher the judgements madc in making accounting eslimatcs are indic&tive of & potenlial bias. and
cvalualing the business rationale of any significant Iransaclions th81 are unusual OT outsidc the nornial course of busine55.
Wc also communicated rel¢vanl identified low5 and regulations and potential Iraud risks lo all ¢ngagcincnt team mcmbers and
remained alert to any indications of fra￿j or non-￿mpliancC iviih laws and regulations throughout the audit.
No inslan¢es of material non-compliance wcrc identified. Howevcr, the lik¢lihood of detecting itregulftrities, including fraud. is
limited by the inherent difficulty in delecling irregularitie& the cffectiv¢n¢ss of thc cntity's control& and Ihe nature. liming and extent
of the audil procedures performed. Irrcgularilies that result from fraud might be inh¢renlly more diificult to delect than irregularitie5
that result from en'or. As cxplained above. therc is an unavoidable risk that material misslalements may not be detectcd, even though
the audit ha5 been planned and perfornicd in accordance iviih ISAS (UK).
A further de8cription of our rr5ponsibilitics for the audit of ihe financial statemcnts is located on Éhe Financial Reporting Council'5
Ivcbsite at wwiv.frc.org.uk/auditorsresponsibilitiC5. This d¢￿rIptIOn fom)s pan of our Rcport of the Independent Auditors.
Pag¢ 5

Report of the Independent Audltors to the Trustees of
Run 4 Wales Charitable Foundstion
Use (Jf our report
This report is made solely to the charitable company's Iru51ees, as a ly)dy, in accordance with Part 4 of the Charities (Ac¢ounts and
Reports) Regulations 2008. Our audit work ha5 been undertaken so that we might slate to the charitable company's trustees ihose
matter% we are required to state lo them in an auditors. retK)rt and for no other purpose. To the full¢st extent permitted by law. we do
not accept or assume responsibility 10 anyone other than the charitsble company and the charilable company's trustees as a body, for
our audit ivorl for this repor( or for the opinions we have fornied.
Xeinadin Audit Limited
Chartered Aceountanls
& Slaiutory Auditors
Eligible to act &s An auditor in ternis of Section 1212 of the Companies Art 2006
Suite 2d
Building l Eastern Busines5 Park
Si Mcllons
Cardiff
Souih Glarnorgan
CF3 3EA
Date..
Pag¢ 6

RUN 4 WALES CHARITABLE FOUNDATION
Statement ol Financial Activities
for the Year Ended 31 December 2024
31.12.24
Total
funds
31.12.23
Total
nds
Unrestricted
funds
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations ond Icgaeies
73.667
73.667
{1)
Other Ir&ding activitie5
Invesimenl income
Other incom¢
9.356
8.885
485 556
2,868
2,868
TotAI
76,533
503.796
EXPF.NDITURE ON
Raising funds
28,058
28.058
ChNrltable activitie5
Running & Aihlelics
33,000
4,699
Total
61.058
Net gains on investments
499 950
NET INCOME
15.477
15,477
999,047
RECONCILIATION OF FUNDS
I'olal funds bruughi foriyurd
476,436
508,835
985,271
(13.776)
TOTAL FUNDS CARRIED FORWARD
491913
508 835
1000 748
985271
The notes forni part of ihese financial statejnents
Page 7

RUN 4 WALES CHAIUTABLE FOUNDA TION
Balance Sbeel
31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
funds
Restricted
nd
Notes
FIXED ASSETS
Investments
14
508.885
508.885
508,885
CURRENT ASSETS
Debtors
Cash at bank
15
73,667
419.041
73,667
419.041
477 227
492.708
492,708
477,228
CREDITORS
Amounts falling due wiihin one year
16
{795)
(50)
(845)
(842)
NET CURRENT ASSKTS
491913
50)
491863
476 386
TOTAL ASSETS LESS CURRENT LIABILITIES
491,913
508.835
1,000,748
985,271
NET ASSETS
491913
508 835
1000 748
985 271
FUNDS
17
Unreslricled fijrkds
Reslricled funds
491,913
508 835
476.436
508 835
TOTAL FUNDS
000.748
985 271
The charitable company is entiiled lo exemplion from a￿di1 un(kr Scclion 477 of Ihe Companies Act 2006 for the year ended
31 December 2024.
The Inember5 hav¢ not deposited notice. pursuant lo Seclion 476 of the Companies Act 2￿6 requiring ￿ 8udit of these financial
slaleincnts.
The Iruslees acknowledge their responsibililies for
(a)
ensuring that the charilable company keeps accounting records that comply with Sections 386 8nd 387 ofthe Companies Act
2006 and
prepai'ing financial statemen15 which give a irue and fair view of the slate of affairs of Ilie ¢haritable company as al the end
of each finuncial year and of ils surplus or deficit for each financial year in accordanc¢ with the requireincnts of S¢¢lion5 394
and 395 and ivhich oiherwise comply with the rcquirements of the Companies Act 2006 relating to financial sialemenls so
far as Mppli¢8ble lo the charitable company.
(b)
These financial 5talemenls have been audited under Ihe requirements ofsection 145 of the Charitie5 Act 201
Thesc finan¢ial statements have bcen pr¢par¢d in accordat]ce ivith thc ptovisions applic3bl¢ to charitable companies subject to the
sm811 companies regime.
'I'he flliancial statements ivere approvcd by th¢ Boatd of TTUStc¢s and auihorised for issue on
sign¢d on its behalf by:
. and werc
RDCole
The notes form part of these financial statements
Page 8

RUN 4 WALES CHARITABLE FOUNDATION
Noles to the Financial Staternents
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
BASIS of prepAring the financial stAtements
The financial slalements of the charitable company. which is a public benefit entity under FRS 102. have bccn preparcd in
accordance with the Charities SORP (FRS 102) 'Accounting and RctK)riing by Charities-. Sial¢ment of Recommended
Practice applicable to charilies prcpAring ih¢ir accounls in awrdancc iviih Ihe Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102) leffeclive l January 20191,, Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK gknd R¢public of Ireland, and ihe Companies Act 2006. Th¢ financial stai¢ment5
havc been prepared under Ihe historical cost conveni10￿ wilh the exception of investments which are included at inarket
valu¢.
The presentation currency is £ Sterling.
Th¢s¢ finAncial slalemenls have been prepared on a goimg concern b&sis.
Income
All income is recognised in the Siat¢m¢nt of Fin8n¢iJl Activities once thc charity has cntiilemenl to the funds. it is probable
that the incom¢ will be received and the amovnt Can be measured reliably.
Expenditure
Liabililies are recognised as expcnditure as soon &% there is 4 l¢gal or conslNctive obligation committing the charity lo that
expenditure, it is probable that & transfer of economic benefi15 Ivill be requircd in settlement and Ihe amount of ihe obligalion
can bc mcasured reliably. Expenditure is accounled for on an accruals b￿lS and has be¢n Llassificd under headings (hat
aggrcgute all cost related 10 the category.
All costs Gan be directly attributed to their particular w5t headin8.
Grants offered subject to condilions which have noi been met al the year end dale are noted as a ¢ommilment but not accrued
as eXp￿dit￿re.
Allocation ofsupport costs
Supporl c0515 are thosc functions Ihal assist the work of ihe Charity bul do not directly undertake charilablc activities. The
b&%is on which 5UPPOrt costs are allocated are 5¢¢ out in note 7.
Related party exemption
I'he charilable conipany has taken advanla8e of exemplion, under Ihe Icrms of Financial Rewrting Siandard 102 The
Financial Reporting Siandard applicable in the UK and Republic of Ireland,, not lo disc105e related party Iran58Ction5 wilh
wholly owned subsidiaries within th¢ gTOUP.
Tftxatlon
The charity is excinpl from corporation on ils charilgble acliviti¢s.
F￿nd *ccounting
Unreslri¢ied funds can be u5cd in accordaAee iviih lh¢ charitable objectives at the discrelion of the trustees,
Reslrictcd funds can only be used for particular reslrictcd purposes within Ihe objccls of the charity- Restrictions ai'ise when
specified by Éhe donor or when funds are ruised for particular restri¢t¢d purwses.
All funds held by the Charity are utireslricled.
DONATIONS AND LEI GACIES
31.12.24
31.12.23
Gifi5
Donations
(i)
73.667
73,667
i)
Page 9
continued...

RUN 4 WALES CHARITABLE FOUNDATION
Notes to the Flnalleial Slatements - eontinued
for the Year Ended 31 Deeember 2024
OTHER TRADING ACTIVITIES
31.12.24
31.12.23
Other trading operations
INVESTMENT INCOME
31.12.24
31,12.23
Investmcnl
OTHER INCOIVIE
31.12.24
31.12.23
Gain on sale of inlangible fixed ￿$¢IS
Gain on sale of tangible fixed assets
499,950
14.394)
485 556
RAISING FUNDS
Ral$lng donAtlons and legacles
31.12.24
31,12.23
Support costs
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
8)
Runrtittg & Athletics
GRANTS PAYABLE
31.12.24
31.12.23
Running & Aihlelic5
675
SUPPORT COSTS
Governance
costs
Finance
Totals
Raising donations and legacies
722
Page 10
continued...

RUN 4 WALES CHARITABLE FOUNDATION
Notes to the Financial Slatemenls- continued
for the Year Ended 31 December 2024
SUPPORT COSTS - continued
Support cost4 included in the alK)ve. are as follows.
31.12.24
Raising
donations
and
legacies
31.12.23
Total
aotivlties
Bank charges
Subscriplions
Serviee Level Agreement with R4W
Accountancy fces
175
547
24,000
220
484
200
28.058
4.024
io.
NET INCOMEI{EXPENDITURE)
Nel incoinel(expcnditur¢) is st8l¢d after chargin￿(CredI11ng)-
31.12.24
31,12.23
Surplus on dis￿SaI of fixed assds
485 556)
TRUSTEES, REMUNERATION AND BENEFITS
There were no Iruslees, remuneration or other benefits for the yeaT ended 31 D¢¢ember 2024 nor for the year ended
31 December 2023.
Trustees, expenses
There were no trnstees, exp¢T)ses paid for the year endd 31 December 2024 nor for the year ended 31 December 2023.
12.
STAFF COSTS
1.he charity had no employees for the ¢urrenl or preceding year.
COMPARATIVES FOR THE SfATEMENT OF FINAIYCiAL ACTIVITIES
Uni'estri¢ted
funds
13.
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donalioiis and legacies
Other Ii'ading activities
Invc$lmLnl income
Other in¢otn¢
9.356
9,356
8.885
485 556
8,885
485 556
TotThl
8,885
503 796
EXPENDITURE ON
CharitAble Mctivities
Running & Athletics
N¢t gains on investments
499.950
499.950
NET ￿COmE
490.212
508.835
999,047
Pagell
continued...

RUN 4 WALES CHARITABLE FOUNDATION
Noles to the Financial Statemenls- continued
ror the Year Ended 31 December 2024
13.
COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL AcrivrriLs- continued
Uni'estricted
Restricted
funds
nd
Total
funds
RECONCILIATION OF FUNDS
Total fuThds brought forward
(13.776)
(13,776)
TOTAL FUNDS CARRIED FORWARD
476 436
508 835
985 271
14.
FIXED ASSET INVESTMEKfS
31.12.24
31.12.23
Other
508 885
508.885
There Ivere no investment a55ets outside th¢ UK.
nvcstmenls (n¢ither listed nor unli*ed) were &8 follows:
31.12.24
31.12.23
Joini Venture
508.885
508 885
Is.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Other debtors
Prepayments and a¢¢rued income
16.
CREDITORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12,23
Trade crediloi's
Other ¢i'editors
Accrucd expenses
45
100
700
41
loo
701
845
842
17.
MOVEMENT IN FUNDS
Net
Jnoveinent
in funds
At
31.12.24
At 1.1.24
Unrestricted funds
General fund
476,436
15,477
491.913
Resti'icted funds
Investment
508.835
508,835
TOTAL FUNDS
985,271
15,477
1.000 748
Page 12
continued...

RUN 4 WALES CHARITABLE FOUNDATION
Notes lo the Financial Slatemenls- Continued
for the Year Ended 31 December 2024
17.
MOVEMENT IN FUNDS- ¢ontinued
Net movement in funds, included in the a￿ve are 8$ follows-
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted fund$
General fund
76.535
{61,058)
15.477
TOTAL FUNDS
76.535
61,058)
15.477
ComparAtives for movement in funds
Net
Inovement
in funds
At
31.12,23
At 1.1.23
Unrtstrlcted funds
General fund
(13.776)
490.212
476,436
Restricted funds
Inveslmcnt
508.835
508,835
TOTAL FUNDS
13 776}
999 047
985 271
Comparative ncl rnovement in funds. included in the aiM)vc are as follow5-
Incoming
resources
Resources
expended
Gains and
loss¢s
Movemcnt
in funds
Unrestricted funds
General fund
494.911
(4.699)
490,212
Restricted fvndj
Inv¢slm¢nt
8.885
499,950
508.835
TOTAL FUNDS
503 796
499,950
999 047
18.
RELATED PARTY DISCLOSURES
During the year, thc Chai'ilable Foundalion rcceived a donation of £73,667 (2023= £nil) froin M4 Even15 Lin)iled under ft
joint Ventu￿ arrangeineni ivith IA)ndon Marathon Evcnts Limited. Ai the year end. the Ch8ritablc Foundation wa5 owed
£73.667 (2023= £nil) from M4 Events Limited.
Page 13

RUN 4 WALES CHARITABLE FOUNDATION
Delailed Statement of FinaDeial A¢livitie5
for the Year Ended 31 December 2024
31.12.24
31.12.23
INCOME AND EP4DOWMENTS
DonAtions and legacies
Gifts
Donations
(i)
73.667
73.667
Other ¢r#ding activities
Oihcr trading operations
9.356
Inve$tmenl incom¢
Inv¢slmcnl
2,868
8.885
Other income
Gaiii on sale of intangible fi.¥¢d assets
Gain on sale of langible fixed asseis
499,950
14,394)
485 556
Total Incoming resources
76.535
503,796
EXPENDITURE
ChAri¢able Rctivities
Grants lo individuals
33.000
675
Support eosts
Finnn¢¢
Bank Lhargc5
Subscriptions
175
547
220
484
722
704
GovernHnce costs
Lcgal fees
Accountancy fees
24.(MYO
3,336
200
27.336
3.320
Tolal resourc¢s e.Ypei)ded
Net in¢ome before glins and losses
15,477
499.097
Renli5ed reeognised gAin$ And 1055e5
Rcalised gainsl(10sses) on fixed as5cI illvesttnents
499 950
Net inc(>m¢
This page doe5 not forni part of the statutory financial statements
Page 14