# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2022** # **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1189583** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 1 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **CONTENTS** Page 3 Legal & Administrative Information Pages 4 to 8 Trustees' Report Page 9 Statement of Financial Activities Page 10 Balance Sheet Pages 11 to 17 Notes to the Financial Statements Page 18 Independent Examiner's Report 2 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1189583 **DATE OF REGISTRATION** 20th May 2020 **START OF FINANCIAL YEAR** 1st June 2021 **END OF FINANCIAL YEAR** 31st May 2022 **TRUSTEES AT 31ST MAY 2022** Daniel Burnand Lauren Baker Rachel Solomon Maria Gurevich **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 20th May 2020 ## **OBJECTS** The objects of the CIO is to act as a resource for young people up to the age of 16 living in London and the surrounding areas by providing advice and assistance and organising programmes of physical, educational and other activities as means of: **a** Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals. **b** ) Providing recreational and leisure time activity in the interest of social welfare for people living in the area benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstance with a view to improving the conditions of life of such persons. ## **CORRESPONDENCE ADDRESS** ## **PRIMARY BANKERS** ## **INDEPENDENT EXAMINERS** Unit 4 Echo Building East Bay Lane London E15 2SJ Lloyds Bank Plc 25 Gresham Street London EC2V 7HN Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MAY 2022** Within the space of six years, The Outrunners has developed from being an East London running club to a community group and then to a full-blown charity, under the leadership of its founder Tyler Williams-Green. As a certified running coach, Tyler started the club in 2015 to direct his passion for running. But he also wanted to use his 17 years of youth work experience to link the club members to the wider community. As membership grew, Tyler found ways for the runners to help support local young people. Together with early Outrunners' member Laura Murphy, who has 16 years' marketing experience, Tyler founded The Outrunners Community Interest Company (CIC) in 2017 to develop and deliver a formal programme for young people, including careers events and a youth running club. The CIC was a great success and fuelled the organisation's ambition to help young people across East London. In May 2020, the CIC became a registered charity to extend its youth programmes and expand its volunteer community. There continues to be an adult running club which is a separate entity that provides volunteers for our youth programmes. **Our objective is to:** To act as a resource for young people up to 16 years old, who live in London and the surrounding areas, by providing advice, assistance and organising programmes of physical, educational and other activities in order to: **a** ) - Help young people advance in life by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; and **b** ) - Provide recreational and leisure time activities in the interests of social welfare for people living in the area who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons. ## **What We Do** ## **Youth Running Clubs** In partnership with local youth clubs and schools, we host four weekly running groups for 8 to 18-year-olds, to provide support and lend our expertise to under-resourced organisations. Our clubs are run by volunteers and overseen by our paid staff. Our volunteers are DBS checked and given training, as well as regular supervision. In addition to training for races like the Vitality Big Mile, the running sessions help develop soft skills such as teamwork, communication as well as building confidence. They also provide a fun and safe space for the young people to engage with each other and link up with the wider community. ## **Mentoring** We provide one-to-one mentoring, matching each young person with an Outrunners volunteer. Pairs meet on a regular basis for an exercise session. Mentors help to build the young person's confidence, raise their aspirations and support them with any issues. With a focus on achieving their long-term potential, mentors and mentees agree on goals and review them regularly. All volunteer mentors are DBS checked and are given training. Outrunners staff also liaise with mentees schools, so there is a joined up approach to supporting them. ## **Careers Advice** Tapping into The Outrunners' network, we call on leaders from a diverse range of industries, including fashion, film, music, fitness and law, to help widen aspirations. Our Run Your Career programme consists of live events, short sprint placements at exciting companies, such as Lacoste, coaching with industry experts, paid internships and workshops to build on employability skills. The programme is aimed at inspiring and empowering young people to think beyond their current career ambitions and give them the experience and knowledge to expand their post-education plans. It helps build their confidence and develop important connections with people in their chosen career. 4 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2022** ## **Youth Board** It is important to us that young people help direct the work we do and shape our programmes. In order to give them a voice in the decision-making process, we set up a youth board in 2021. The board is made up of teenagers who have taken part in our programmes over the past year and who are keen to improve their skills and make a difference. A group of 12 young people attend our bi-weekly meetings and they are given specific briefs for projects that help to develop their skills. ## **What We've Achieved this Year** 2021 - 2022 was a busy year for The Outrunners as we continued to get back to normality following the covid pandemic. We continued to provide fitness coaching and leisure activities for our 8 to 13 and 13+ running clubs. The latter enjoyed a holistic programme including talks from special guests on topics like nutrition and sessions including yoga, boxing and dance. To bring our community together and raise money we launched our first Outrunners fun run with 1 mile, 5k and 10k races. We hosted two careers events to inspire young people from East London and offer work experience opportunities via our partner companies. As our work expanded we moved into our first official office space in Hackney Bridge. The one-to-one mentorship programme continued to grow as we matched our 6th mentor and mentee. ## **May-21** One of the young people who completed our Architecture sprint programme, Elvis, received 3 offers to study Architecture at University. Charlotte, a young person who attended our film and acting coaching programme, led by actor James Norton was accepted into the Brit school. Our film and acting coaching programme with James Norton had its final session and took place with 8 young people. As well as this, our fashion coaching programme, Ready to Runway, continued with a session hosted by one of our corporate partners, Threads. Black trail runners hosted a session for our 13+ running group and spoke about the benefits of trail running, followed a timed mile and some boxing coaching from Boxxldn. Our mentoring programme expanded as we matched our 5th mentor and mentee. ## **Jun-21** In June we launched our first Outrunners fun run with a 1 mile, 5k and 10k to bring our community together and raise money for our work. 76 people attended and we raised £3,145. Once again we partnered with the Black Trail Runners to take our 13+ crew trail running for the first time with 13 young people attending. Our ambassador and ballet dancer, Eric Underwood gave 4 young people a dance masterclass during this month too. 11 young people on our Ready to Runway programme presented their group project on trend forecasting and received a talk from Rosie Bonnar who has designed for Victoria Beckham and Armani about the world of design. J and Rob celebrated 1 year mentoring with the creation of a film about their experience. ## **Jul-21** We organised a careers event attended by 70 young people, with 55 signing up to take part in our work sprint placements and career coaching. Of the young people who attended the event, 97% felt more informed about different career options, 86% better understood the steps required to get the job they want and 83% felt more confident they could get a job they want. 5 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2022** We facilitated a photoshoot day for our second Ready to Runway cohort as part of the street photography module. We launched new t-shirt and jumper designs developed in collaboration with our young people which raised £2,696.71. We launched our youth running and multi-sports summer camp with the Wickers Charity and Pembury Community Centre with 60 young people in attendance. ## **Aug-21** A two day sprint work experience programme took place with 19 young people and a range of companies including FIIT, Muf Architecture, Boxxldn, Freuds and Ignite Creates. We attended the Big Half event in Greenwich with 10 young people doing the Big Mile and 12 adult runners doing the half marathon. We were filmed for the BBC official big half coverage. We had our first summer sprint programme with @fiit, with an in depth insight into startup life. young people learnt about production, marketing, customer success, video editing, people and of course fitness. 5 young people completed a two day sprint programme with Ignite, an international marketing agency. - 2 young people completed a two day sprint programme with Muf a local Architecture firm based in Hackney Central. - 4 young people completed a two day sprint programme with PR agency Freuds based in Tottenham Court Road. 5 young people completed a one day sprint programme with an online and studio boxing company. Matched our 6th mentor mentee relationship ## **Sep-21** We launched a new running club targeted at 8-13 year olds with Hackney Quest youth club. Young people from our running clubs took part in Hackney Moves 1 mile race before the official Hackney half event. We opened our first official office in Hackney Bridge, which will also serve as a base for all our running clubs. ## **Oct-21** We attended the City run London event with 21 young people and 12 adults taking part by running a mile. 10 young people from our 13+ group enjoyed a yoga, stretch and HIIT class. 12 young people attended our first sprint programme with Bulb. We had our second sprint programme with Lacoste where 9 young people learnt about product design. Whilst Proper’s marketing team held a one day sprint programme for 7 young people. Our Ready to Runway programme continued with 18 young people getting interview coaching and advice from a group of fashion mentors. ## **Nov-21** We launched new merchandise in late November including t-shirts and jumpers. We raised £1962.86. ## **Dec-21** We organised a Christmas party for 10 young people who attend our running club with food, games and a Christmas fun pack with activities to do during the holidays. 6 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2022** 5 of the mentors took their mentees ice-skating this month. We also asked our mentors to give their mentees experiences they haven’t had before - our mentor Domingo took his mentee Ab’s to his first football match. We finished the year with our 13+ group practising their boxing moves with the Boxxldn crew. ## **Jan-22** We took our 13+ young people cycling, continuing to introduce them to new sports. Our work with young people also featured in a large article in GQ magazine. ## **Feb-22** Our first youth committee of the year took place with 4 young people. We took a group of 15 young people to Wimbledon for tennis lessons. Adidas trainer, Ayo, coached our 8 to 13 running crew. We held a joint running club session with 15 young people from Pembury and The Wickers. Our 13+ crew did their first mile training session. Alycia, a young person who we had been working with for 2 years, attended work experience at Outrunners HQ this month. ## **Mar-22** We organised a careers event attended by 112 young people, with 85 signing up to take part in our work sprint placements and career coaching. Of the young people who attended the event, 90% felt more informed about different career options, 85% better understood the steps required to get the job they want and 73% felt more confident they could get a job they want. We ran workshops with Fiit and Bulb to give 15 young people interview and CV writing skills. We held a women in business panel talk with 10 people attending. ## **Apr-22** We held our annual fun run with a 1 mile, 5k and 10k to bring our community together and raise money for our work. 171 people attended and we raised £4,724.05. Two day sprint work experience programmes took place with 27 young people and a range of companies including FIIT, Muf architecture/art and Freuds. ## **May-22** 40 of our young people took part in the Hackney moves 1 mile race. ## **Impact in Numbers** **Running Sessions:** 147 sessions with 96 young people. **Career Coaching Sessions:** 16 sessions with 4 young people **.** **Career Sprint Programmes:** 18 sessions with 73 young people. **Career Events:** 2 events with 182 young people. **1:1 Mentoring Sessions:** 6 young people and 194 sessions. **Volunteers Who Supported Us:** 50 **.** 7 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2022** ## **Looking Forward** This year, we are looking forward to expanding our numbers and outreach into Newham for our existing and new running clubs. We will be building on the success for our annual fun run and making it bigger and better with more runners taking part and more money raised. As our work continues to grow we are planning to welcome another full-time member of staff to support our volunteers and events. We are also looking forward to holding more live careers events as part of our Run Your Career programmes, as well as developing partnerships with new companies to deliver sprint placements. Our established fashion programme Ready to Runway will continue to offer young people unique access and experiences within the fashion industry. We are keen to expand our 1:1 mentoring programme this year alongside our volunteers, as well as growing the variety of activities they can do together. We are excited to continue working with our Youth Board to help shape our programmes and co-produce projects that help to develop their unique skills. Our growth over the past year has further strengthened our aspirations to support a more equal East London, making it full of opportunities and an exciting place for young people. ## **Trustees' Responsibilities** The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to: - Select suitable accounting policies and apply them consistently - Make judgements and estimates that are reasonable and prudent - Prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in existence. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on …………………………………………………………………………………………………………………23.03.2023 Signed on their behalf by Trustee ……………………………………………………………………………………………………………… Printed Name: Lauren Baker 8 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2022** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Charitable Activities
**3b**
Activities for Generating Funds
**3c**
Investment Income
**3d**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
116,935
-
116,935
83,791
31,489
-
31,489
4,796
2,588
-
2,588
-
-
-
-
-
**151,013**
**-**
**151,013**
**88,587**
126,133
10,000
136,133
60,392
900
-
900
867
**127,033**
**10,000**
**137,033**
**61,259**
**23,980**
**(10,000)**
**13,980**
**27,328**
17,328
10,000
27,328
-
**41,308**
**-**
**41,308**
**27,328**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 11 to 17 form part of these financial statements. 9 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **BALANCE SHEET** ## **AS AT 31ST MAY 2022** |**Note**
**Fixed Assets**
Tangible Assets
**2**
Investments
**6**
**Total Fixed Assets**
**Current Assets**
Debtors & Prepayments
**8**
Cash at Bank and in Hand
**7**
**Total Current Assets**
**9**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**10**
**NET ASSETS**
**Funds of the Charity**
General Funds
Restricted Funds
**5**
**Total Funds**
**Creditors:**Amounts falling due within one year
**Creditors:** Amounts falling due in more than
one year|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-May-22**
**31-May-21**
£
£
**£**
**£**
1,582
-
1,582
-
-
-
-
-
**1,582**
**-**
**1,582**
**-**
1,205
-
1,205
6,211
41,790
-
41,790
25,844
**42,995**
**-**
**42,995**
**32,055**
3,270
-
3,270
4,727
39,725
-
39,725
27,328
**41,308**
**-**
**41,308**
**27,328**
-
-
-
-
**41,308**
**-**
**41,308**
**27,328**
41,308
-
41,308
17,328
-
-
-
10,000
**41,308**
**-**
**41,308**
**27,328**| |---|---| 23.03.2023 Approved by the Trustees on ………………………………………………………………………………………………………………… Signed on their behalf by Trustee ……………………………………………………………………………………………………………… > Printed Name: Lauren Baker 10 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services have been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 11 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2022** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Unrestricted funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Fixtures, Fittings & Equipment 25% - Reducing Balance Basis Computer Equipment 25% - Straight Line Basis ## **2. TANGIBLE FIXED ASSETS** |Cost
01-Jun-21
Additions
Net Book Value at
31-May-22
Depreciation
01-Jun-21
Charge
Depreciation at
31-May-22
Net Book Value
31-May-22
Net Book Value
31-May-21|Computer
General
**Total**
Equipment
Equipment
**2021/22**
£
£
£
-
-
-
2,110
-
2,110
2,110
-
2,110
-
-
-
528
-
528
528
-
528
**1,582**
**-**
**1,582**
**-**
**-**
**-**| |---|---| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st May 2022: None 31st May 2021: None 12 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2022** ## **3. INCOMING RESOURCES** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Unrestricted|Restricted|TOTAL|TOTAL| |Funds|Funds|2021/22|2020/21| |£|£|£|£| |a) Donations, Grants & Legacies| |Gift Aid Tax Recovered|3,756|-|3,756|6,250| |Gifts & Donations|87,730|-|87,730|46,441| |Grants Received|25,449|-|25,449|31,100| |116,935|-|116,935|83,791| **----- End of picture text -----**
## **b) Charitable Activities** Activities & Events **----- Start of picture text -----**
||||| |---|---|---|---| |31,489|-|31,489|4,796| |31,489|-|31,489|4,796| **----- End of picture text -----**
## **c) Activities for Generating Funds** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Merchandise Sales|2,588|-|2,588|-| |2,588|-|2,588|-| **----- End of picture text -----**
## **d) Investment Income** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Interest|-|-|-|-| |-|-|-|-| **----- End of picture text -----**
13 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2022** ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Activities & Events
**5**
Advertising & Marketing
Bank Charges
Catering Costs
Consultancy Costs
Depreciation Expense
Equipment Costs
Insurance Costs
License & Subscriptions
Office Costs
Rent & Rates
Staff Costs
**12**
Sundry Expenses
Telephone Costs
Training Costs
Travel & Subsistence
`
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
25,537
10,000
35,537
7,748
1,717
-
1,717
184
1
-
1
-
4,062
-
4,062
920
968
-
968
-
528
-
528
-
2,229
-
2,229
-
204
-
204
143
312
-
312
202
4,355
-
4,355
912
7,411
-
7,411
1,085
75,494
-
75,494
47,140
510
-
510
301
617
-
617
439
1,782
-
1,782
1,309
406
-
406
10
**126,133**
**10,000**
**136,133**
**60,392**
750
-
750
650
150
-
150
217
**900**
**-**
**900**
**867**| |---|---| 14 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2022** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |The Hawerby Trust
**PREVIOUS FINANCIAL YEAR**
The Hawerby Trust|**Balance**
**Balance**
**01-Jun-21**
Income
Expenditure
Transfers
**31-May-22**
£
£
£
£
£
10,000
-
10,000
-
-
**10,000**
**-**
**10,000**
**-**
**-**
**Balance**
**Balance**
**20-May-20**
Income
Expenditure
Transfers
**31-May-21**
£
£
£
£
£
-
10,000
-
-
10,000
**-**
**10,000**
**-**
**-**
**10,000**| |---|---| The restricted funds held are wholly represented by the CIO's cash reserves and are to be expended as specified above. 15 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2022** ## **6. INVESTMENTS** The CIO held no fixed assets investments during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** |Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors
Prepayments|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-May-22**
**31-May-21**
£
£
**£**
**£**
41,790
-
41,790
25,844
**41,790**
**-**
**41,790**
**25,844**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-May-22**
**31-May-21**
£
£
**£**
**£**
855
-
855
6,111
350
-
350
100
**1,205**
**-**
**1,205**
**6,211**| |---|---| ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiners Fees
PAYE & NI
Sundry Creditors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-May-22**
**31-May-21**
£
£
**£**
**£**
750
-
750
650
2,520
-
2,520
3,861
-
-
-
216
**3,270**
**-**
**3,270**
**4,727**| |---|---| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial period. ## **11. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-May-22**
**31-May-21**
£
£
**£**
**£**
1,582
-
1,582
-
39,725
-
39,725
27,328
-
-
-
-
**41,308**
**-**
**41,308**
**27,328**| |---|---| 16 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2022** ## **12. STAFF COSTS AND NUMBERS** |**TOTAL**
**2021/22**
£
Gross Wages, Salaries & Fees
63,324
Employer's National Insurance Costs
8,331
Pension Contributions
3,840
**75,494**
Employees who were engaged in each of the following activities:
**TOTAL**
**2021/22**
Charitable Activities
2|**TOTAL**
**2020/21**
£
43,667
64
1,161
**44,892**
**TOTAL**
**2020/21**
2| |---|---| The Charity operate a PAYE Scheme to pay all employed members of staff and no members of staff received emoluments of over £60,000 (2020/21:None). ## **13. TRUSTEES AND OTHER RELATED PARTIES** During the financial year Miss Georgia Witter (Relative to Trustee Mr Daniel Burnand) received £26,000 (2020/21:£10,380) in salary related payments in furtherance of the Charity's objects. The Charity Trustees obtained approval from the Charity Commission and all conflicts of interest have been identified, documented and managed accordingly. No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them. ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. 17 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** Report to the trustees/ members of The Outrunners Charity on the accounts for the year ended 31st May 2022 set out on pages 9 to 17. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS Date: 18