## **LOVE RUNNING CIO**
# **ANNUAL REPORT AND ACCOUNTS**
**YEAR ENDED 31 DECEMBER 2023**
**Charity Number 1170194**
## **LOVE RUNNING CIO**
## **ANNUAL REPORT AND ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2023**
|**CONTENTS**|**Pages**|
|---|---|
|Trustees’ report|**1 – 2**|
|Receipts and Payments Account|**3**|
|Statement of Assets and Liabilities|**4**|
**LOVE RUNNING CIO**
## **ANNUAL REPORT AND ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2023**
The Trustees have pleasure in presenting their report together with the accounts of the Charity for the year ended 31 December 2023.
## **Charitable Purposes, Activities and Achievements**
The purposes of the Charity are:
- _The prevention or relief of poverty or financial hardship in the UK and overseas by providing grants to charities and other organisations working to prevent or relieve poverty; and_
- _The relief of sickness and the preservation of health in the UK and overseas by providing grants to charities and other organisations working to relieve sickness or preserve health._
Love Running is an initiative that was started by Woodlands Group of Churches in Bristol in 2010. Love Running seeks to mobilise hundreds of people to change the lives of thousands of people at home and abroad by completing the Bristol 10k and being sponsored by family, friends, colleagues and strangers!
Since Love Running began, over 3,000 people have participated raising almost £670,000 for the poor, the oppressed and the needy. At the same time, people have enjoyed getting in shape and meeting new friends!
In late 2016, Love Running was established as an independent Charitable Incorporated Organisation in its own right in order to encourage wider participation of other churches in the city and region.
Love Running CIO is a grant-making charity that gives money to charities and other organisations working to prevent or relieve poverty and relieve or preserve health. Recipients are selected by the Trustees in discussion with partner churches to ensure that grants made both meet the charitable purposes of the charity and are aligned with the strategic priorities of the Church in the Bristol region.
The principal way in which the charity raises funds for grant making is through the sponsorship raised by runners participating in the Bristol 10k road race. Runners pay a participation fee which covers their entry in the race, a Love Running T shirt and access to training resources, discount cards and running club membership.
The last Love Running event was on 5 May 2019, when over 300 runners took part in Love Running’s mass entry in the Great Bristol 10k. As a result, grants of over £72,000 were made.
In light of the global Covid-19 pandemic and subsequent changes to the Bristol 10k dates, no Love Running events took place in 2020, 2021 or 2022.
The Trustees are currently planning the next Love Running event linked with the Bristol 10k scheduled for 19 May 2024 and are looking forward to inspiring many people to join in.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in the planning of any future activities.
## **Financial review**
The charity was dormant for the period and no financial transactions took place.
## **Cash Reserves**
The Trustees consider that they don’t need to hold free reserves as matter of course. The charity employs no staff and has no contractual obligations. All grants made are discretionary and dispersed
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**LOVE RUNNING CIO**
## **ANNUAL REPORT AND ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2023**
out of funds that have been raised. When operating, the charity incurs a small amount of administration costs which are met by participant registration fees for each event and brought forward reserves. As the year end, the charity’s free cash reserves were £1,833 and these will be deployed in meeting the upfront costs of future Love Running events.
## **Reference and administrative details**
Charity number: 1170194 Registered office: 140 Cranbrook Road, Bristol, BS6 7DD Website address: www.loverunning.info
Trustees:
The Trustees serving during the period and since the period end were as follows:
P O Jinadu (Chairman) K Jinadu E J Marsh
## **Structure, Governance and Management**
## Governing Document
The Charity was established as a Foundation Charitable Incorporated Organisation on 16 November 2016 and is governed by its constitution.
## Recruitment and Appointment of Trustees
New Trustees are recruited on the basis of the knowledge of the existing Trustees of suitable candidates. In selecting persons to be appointed, the Trustees shall take into account the benefits of appointing a person who is able by virtue of his or her professional qualifications or experience to make a contribution to the pursuit of the purposes or the management of Love Running CIO. Selected candidates are appointed by a simple majority of the votes cast by the Trustees at a meeting.
New Trustees receive an Induction pack appropriate to their level of existing knowledge of and involvement with the Charity. As a minimum, new Trustees receive a copy of the Charity Commission publication _CC3 – The Essential Trustee: what you need to know_ together with the charity’s governing document and latest annual report and accounts.
Approved by the Trustees and signed on their behalf by:
……………………………………… PO Jinadu Chairman of Trustees
29 January 2024
2
## **LOVE RUNNING CIO**
## **YEAR TO 31 DECEMBER 2023 RECEIPTS AND PAYMENTS ACCOUNT**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**RECEIPTS FROM:**
**£**
**£**
**Donations**
Gifts from churches
-
-
Gifts from Individuals
-
-
Online Fundraising Donations
-
-
Gift Aid receivable
-
-
**Raising funds**
Participant registration fees
-
-
**TOTAL RECEIPTS**
-
-
**PAYMENTS FOR:**
**Charitable Activities - Grants paid**
Syrian refugees
-
-
Vulnerable Women
-
-
Local Community Projects
-
-
Single Parents ministries
-
-
Care for asylum seekers
-
-
Food poverty
-
-
Prisoners and ex-offenders
-
-
Homelessness
-
-
-
-
**Raising Funds**
Online fundraising fees
-
-
Card processing fees
-
-
Runner resource packs
-
-
Participant T shirts
-
-
Publicity and printing
-
-
Independent examination fee
-
-
Race entries
-
-
-
-
**TOTAL PAYMENTS**
-
-
**NET RECEIPTS/(PAYMENTS)**
-
-|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**RECEIPTS FROM:**
**£**
**£**
**Donations**
Gifts from churches
-
-
Gifts from Individuals
-
-
Online Fundraising Donations
-
-
Gift Aid receivable
-
-
**Raising funds**
Participant registration fees
-
-
**TOTAL RECEIPTS**
-
-
**PAYMENTS FOR:**
**Charitable Activities - Grants paid**
Syrian refugees
-
-
Vulnerable Women
-
-
Local Community Projects
-
-
Single Parents ministries
-
-
Care for asylum seekers
-
-
Food poverty
-
-
Prisoners and ex-offenders
-
-
Homelessness
-
-
-
-
**Raising Funds**
Online fundraising fees
-
-
Card processing fees
-
-
Runner resource packs
-
-
Participant T shirts
-
-
Publicity and printing
-
-
Independent examination fee
-
-
Race entries
-
-
-
-
**TOTAL PAYMENTS**
-
-
**NET RECEIPTS/(PAYMENTS)**
-
-|**Total**
**Funds**
**2023**
**£**
**-**
**-**
**-**
**-**
**-**|Total
Funds
2022
£
-
-
-
-
-|
|---|---|---|---|
|||**-**|**-**|
|||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|-
-
-
-
-
-
-
-|
|||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**
-
-
-
-
-
-
-|
|||**-**|**-**|
|||**-**|**-**|
|||||
||-
-|**-**|**-**|
3
## **LOVE RUNNING CIO**
## **AT 31 DECEMBER 2023**
## **STATEMENT OF ASSETS AND LIABILITIES**
|**Cash funds**
Current account
Gift Aid not yet received at period end
**Total Assets**
**Total Liabilities**
**CASH RESERVES**
**Unrestricted funds**
Brought forward
Net receipts/(payments) for the period
**Restricted funds**
Brought forward
Net receipts/(payments) for the period
**Total cash reserves**|**2023**
**£**
1,833
-
1,450
-|**2023**
**£**
**3,283**
**3,283**
**-**
**3,283**
**-**
**1,833**
**1,450**
**3,283**|2022
£
1,833|2022
£
3,283|
|---|---|---|---|---|
|||||3,283
-|
|||||3,283|
||||||
|||||-|
|||||1,833
1,450|
||||1,450
-||
||||||
|||||3,283|
Signed on behalf of the trustees on 29 January 2024
………………………….
P Jinadu (Chair of Trustees)
4