## **LOVE RUNNING CIO**
# **ANNUAL REPORT AND ACCOUNTS**
**YEAR ENDED 31 DECEMBER 2024**
**Charity Number 1170194**
## **LOVE RUNNING CIO**
## **ANNUAL REPORT AND ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2024**
|**CONTENTS**|**Pages**|
|---|---|
|Trustees’ report|**1 – 2**|
|Independent examiner’s report|**3**|
|Receipts and Payments Account|**4**|
|Statement of Assets and Liabilities|**5**|
**LOVE RUNNING CIO**
## **ANNUAL REPORT AND ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2024**
The Trustees have pleasure in presenting their report together with the accounts of the Charity for the year ended 31 December 2024.
## **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 more than three quarters of a million pounds 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.
With the disruption of the Covid-19 pandemic and the subsequent changes to the Bristol 10k dates, no Love Running events took place between 2020 and 2023. However, as the 10k returned to its original spring time slot, the decision was made to bring back Love Running after a 5 year hiatus.
This took place on 19 May 2024, when 245 runners took part in Love Running’s mass entry in the Great Bristol 10k. The event ended up breaking all our previous fundraising records, in terms of money raised per runner, with a grand total of £81,000. This enabled us to give grants to five local Bristol charities tackling issues of homelessness, vulnerable women, ex-offenders and food poverty, as well as a major donation to one of the world’s largest anti-human trafficking charities.
During 2025, the Trustees decided to wind up the charity and donate remaining funds to charities with purposes aligned with the charity’s own purposes. It is intended that a resolution be passed by the members to wind up the charity in late 2025 to enable the charity to be removed from the charity register.
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.
1
**LOVE RUNNING CIO**
## **ANNUAL REPORT AND ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2024**
## **Financial review**
The 2024 Love Running event raised £79,082 in donations which enabled the charity to make grants totalling £81,000 to six charities. Other transactions related to the receipt of participant registration fees of £7,537 and event costs of £8,144, including the cost of race entries of £6,149.
## **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 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. At the year end, the charity’s free cash reserves were £758.
## **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 10 October 2025
2
**LOVE RUNNING CIO**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 31 DECEMBER 2024**
I report to the trustees on my examination of the accounts of Love Running CIO (the Charity) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
_David Biddel_ 12 The Newlands Frenchay Bristol BS16 1NQ
Date: 10 October 2025
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## **LOVE RUNNING CIO**
## **YEAR TO 31 DECEMBER 2024 RECEIPTS AND PAYMENTS ACCOUNT**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**RECEIPTS FROM:**
**£**
**£**
**Donations**
Gifts from organisations
-
591
Gifts from Individuals
-
1,926
Online Fundraising Donations
-
76,565
**Raising funds**
Participant registration fees
7,537
-
**TOTAL RECEIPTS**
7,537
79,082
**PAYMENTS FOR:**
**Charitable Activities - Grants paid**
Anti-trafficking
-
40,000
Vulnerable Women
-
16,400
Food poverty
-
8,200
Prisoners and ex-offenders
-
8,200
Homelessness
-
8,200
-
81,000
**Raising Funds**
Card processing fees
229
-
Runner resource packs
57
-
Participant T shirts
1,650
-
Admin costs
59
-
Race entries
6,149
-
8,144
-
**TOTAL PAYMENTS**
8,144
81,000
**NET PAYMENTS**
(607)
(1,918)|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**RECEIPTS FROM:**
**£**
**£**
**Donations**
Gifts from organisations
-
591
Gifts from Individuals
-
1,926
Online Fundraising Donations
-
76,565
**Raising funds**
Participant registration fees
7,537
-
**TOTAL RECEIPTS**
7,537
79,082
**PAYMENTS FOR:**
**Charitable Activities - Grants paid**
Anti-trafficking
-
40,000
Vulnerable Women
-
16,400
Food poverty
-
8,200
Prisoners and ex-offenders
-
8,200
Homelessness
-
8,200
-
81,000
**Raising Funds**
Card processing fees
229
-
Runner resource packs
57
-
Participant T shirts
1,650
-
Admin costs
59
-
Race entries
6,149
-
8,144
-
**TOTAL PAYMENTS**
8,144
81,000
**NET PAYMENTS**
(607)
(1,918)|**Total**
**Funds**
**2024**
**£**
**591**
**1,926**
**76,565**
**7,537**|Total
Funds
2023
£
-
-
-
-|
|---|---|---|---|
|||**86,619**|**-**|
|||**40,000**
**16,400**
**8,200**
**8,200**
**8,200**|-
-
-
-
-|
|||**81,000**
**229**
**57**
**1,650**
**59**
**6,149**|**-**
-
-
-
-
-|
|||**8,144**|**-**|
|||**89,144**|**-**|
|||||
||(607)
(1,918)|**(2,525)**|**-**|
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## **LOVE RUNNING CIO**
## **AT 31 DECEMBER 2024**
## **STATEMENT OF ASSETS AND LIABILITIES**
|**Cash funds**
Current account
**Total Assets**
**Total Liabilities**
**CASH RESERVES**
**Unrestricted funds**
Brought forward
Transfers between funds
Net payments for the period
**Restricted funds**
Brought forward
Transfers between funds
Net payments for the period
**Total cash reserves**|**2024**
**£**
1,833
(468)
(607)
1,450
468
(1,918)|**2024**
**£**
**758**
**758**
**758**
**-**
**758**
**-**
**758**|2023
£
1,833
-|2023
£
3,283|
|---|---|---|---|---|
|||||3,283|
|||||3,283|
||||||
|||||-|
|||||1,833
1,450|
||||1,450
-||
||||||
|||||3,283|
Signed on behalf of the trustees on 10 October 2025
P Jinadu (Chair of Trustees)
5