## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023** # **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1189583** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **CONTENTS** |Page 3|Legal & Administrative Information| |---|---| |Pages 4 to 7|Trustees' Report| |Page 8|Statement of Financial Activities| |Page 9|Balance Sheet| |Pages 10 to 16|Notes to the Financial Statements| |Page 17|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 2022 **END OF FINANCIAL YEAR** 31st May 2023 **TRUSTEES AT 31ST MAY 2023** Daniel Burnand Lauren Baker Rachel Solomon **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 20th May 2020 ## **OBJECTS** To act as a resource for young people up to 30 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. **CORRESPONDENCE ADDRESS** Unit 4 Echo Building East Bay Lane London E15 2SJ **PRIMARY BANKERS** Lloyds Bank Plc 25 Gresham Street London EC2V 7HN **INDEPENDENT EXAMINERS** 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 2023** Within the space of seven 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 17 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 30 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 charities, we host five 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. In 2023 we launched a new running programme for Black and South Asian girls aged 13 to 18 years who were not currently physically active, supporting them to get back into movement. ## **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 2023** ## **Our Achievements This Year** ## **Announcing New Partnership with Nike** 2022 - 2023 was an exciting year for The Outrunners. We launched a partnership with Nike’s community team which included two new programmes, Outrunners Youth and Outrunners Move. Our aim is to work with Black and South Asian girls aged 13 to 18 years and young women aged 18 to 30 who are not currently physically active. We want to inspire them to start moving and feel all the benefits that it brings. We have designed holistic movement programmes tailored to their age and needs with lots of variety, including yoga, Pilates, running, nutrition, access to external trainers and speakers, Nike kit and more. To extend the impact of our programmes we will also identify young women from our Move programme who would like to train as coaches. We will support them to train as coaches and become leaders and changemakers within their community. ## **Launching Our First Marathon Academy** We also launched our first Marathon academy with over 20 runners from underrepresented backgrounds completing the London Marathon 2023. Despite London being extremely diverse only 11% of the people who take part in the London Marathon are from underrepresented communities. The London Marathon gave us free spots and we recruited people to take part. We supported them with a training plan, free kit from Sports Direct and fun training events in the lead up to the marathon. As well increasing the diversity at the event our runners raised over 11k to support our work. ## **Making an Impact with Our Programmes** We’ve continued to deliver and grow our running clubs for young people with 5 groups meeting weekly. We deliver our own groups as well as working with youth clubs and charity partners across East London. Our groups are for 8 to 13 year olds and 13 to 18 year olds. This year we worked with 151 young people, delivering 845 sessions and totalling 2057 hours. This year we also trained four 17 and 18 year olds to become youth leadership coaches. The young people were put through an in-house accredited training course which ended in paid employment with the Outrunners, training our youngest groups. Their training included youth leadership, safeguarding and sports coaching. ## **Bringing Our Community Together with Our Second Fun Run** In the Summer we put on another successful fun run for our community, bringing young people and adults together to take part in our 1 mile, 5k and 10k races with Run dem crews founder Charlie Dark giving runners a warm up. We had a Q&A with para-athlete John-boy Smith and some of our young people. This event brought people together, gave young people and young women in our programmes a race to train for and raised 5k for our work. We’re grateful to the London marathon for supporting us with water stations. ## **Inspiring Young People to Think Differently About Their Career Options** We continued to offer inspirational careers events and work experience opportunities through our sprint programmes. We hosted our 7th Run your career event in March with over 170 young people attending. It included a panel talk with inspirational women in the fitness community who spoke about their experiences of their industries, fitness & body positivity, and how to overcome bad days. We asked young people to fill out an evaluation form at the end of the event and 81% said they had a better understanding of the steps required to get the jobs they want and 80% felt more confident that they would get the job they wanted. We hosted our first Newham based careers event at Chobham academy school with 44 young people attending. Employees from a range of companies attended the event including Freud PR, Lacoste and Proper.corn. We worked with well-known brands to deliver innovative and exciting work experience including Freud PR, Lacoste, Grimshaw Architecture, Ignite and Another People. One of our young people was offered a paid internship at Ignite and gained valuable experience. ## **Offering Young People Unique and Exciting Opportunities** Through our partnerships we were able to offer young people and young women exciting opportunities including attending Nike events where they met sports legends Kipogee and Dina Asher-Smith, t-shirt printing at the Nike store of co- branded Nike/outrunners t-shirts, running cross country with the black trail runners and spending a day at Wimbledon learning how to play tennis. Some lucky people were selected to take part in campaigns for famous brands including Sports direct and Nike. 5 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2023** ## **Helping People Achieve Their Goals and Raising Vital Funds** We continued to give our young people and adult runners opportunities to take part in races across the year including Hackney Moves, the Big half, Love trails festival (with kit for young people gifted by On running), the London Marathon and our fun run. Some of our young people completed their first half marathon this year. An incredible achievement. ## **Supported By Over 50 Incredible Volunteers** Our volunteers have continued to support us to deliver our programmes, helping us to deliver our careers events and work experience, being supportive mentors, raising money to support our work and more and we can’t thank them enough for everything they do. ## **Impact in Numbers** ## **Running Sessions:** 845 sessions with 151 young people totalling 2057 hours ## **Career Sprint Programmes:** 114 sessions with 57 young people totalling 714 hours ## **Career Events** 2 event with 215 young people ## **1:1 Mentoring Sessions** 6 young people and 99 sessions ## **Volunteers Who Supported Us:** 50 ## **Looking Forward** This year, we are looking forward to being able to support more Black and Asian young people and young women through our partnership with Nike as well as increasing the awareness of the impact we make. We will invest in developing a new evaluation for these programmes so we can be clear about what works and better demonstrate the impact of our work. We are going to be piloting delivering our programmes in schools in Hackney and Newham, helping to expand our reach and work with the young people that need us most. We will be building on the success of our annual fun run and making it bigger and better with our whole community taking part. We will be reviewing our infrastructure and fundraising to ensure we are fit for the future and can continue to improve the lives of young people from non-dominant communities in East London. We are 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. 6 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2023** ## **Trustees' Responsibilities** The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable Law and the Generally Accepted Accounting Principles (GAAP) including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The Charities Act 2011 require 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. - Observe the methods and principles in the Charities SORP. - Make judgements and estimates that are reasonable and prudent. - State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. - 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 sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Governing Document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on ………………………………………………………………………………………………………………… Signed on their behalf by Trustee ……………………………………………………………………………………………………………… Printed Name: 7 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2023** |**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
**2022/23**
**2021/22**
£
£
£
£
208,662
-
208,662
116,935
375
-
375
31,489
1,393
-
1,393
2,588
-
-
-
-
**210,431**
**-**
**210,431**
**151,013**
159,988
-
159,988
136,133
2,065
-
2,065
900
**162,053**
**-**
**162,053**
**137,033**
**48,378**
**-**
**48,378**
**13,980**
41,308
-
41,308
27,328
**89,686**
**-**
**89,686**
**41,308**| |---|---| 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 10 to 16 form part of these financial statements. 8 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **BALANCE SHEET AS AT 31ST MAY 2023** |**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-23**
**31-May-22**
£
£
**£**
**£**
1,054
-
1,054
1,582
-
-
-
-
**1,054**
**-**
**1,054**
**1,582**
-
-
-
1,205
90,179
-
90,179
41,790
**90,179**
**-**
**90,179**
**42,995**
1,547
-
1,547
3,270
88,632
-
88,632
39,726
**89,686**
**-**
**89,686**
**41,308**
-
-
-
-
**89,686**
**-**
**89,686**
**41,308**
89,686
-
89,686
41,308
-
-
-
-
**89,686**
**-**
**89,686**
**41,308**| |---|---| Approved by the Trustees on ………………………………………………………………………………………………………………… Signed on their behalf by Trustee ……………………………………………………………………………………………………………… Printed Name: 9 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST MAY 2023** ## **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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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. 10 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2023** ## **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-22
Additions
Net Book Value at
31-May-23
Depreciation
01-Jun-22
Charge
Depreciation at
31-May-23
Net Book Value
31-May-23
Net Book Value
31-May-22|Computer
General
**Total**
Equipment
Equipment
**2022/23**
£
£
£
2,110
-
2,110
-
-
-
2,110
-
2,110
528
-
528
528
-
528
1,056
-
1,056
**1,054**
**-**
**1,054**
**1,582**
**-**
**1,582**| |---|---| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st May 2023: None 31st May 2022: None 11 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2023** ## **3. INCOMING RESOURCES** |**a) Donations, Grants & Legacies**
Gift Aid Tax Recovered
Gifts & Donations
Grants Received
**b) Charitable Activities**
Activities & Events
**c) Activities for Generating Funds**
Merchandise Sales
**d) Investment Income**
Interest|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
2,500
-
2,500
3,756
105,772
-
105,772
87,730
100,390
-
100,390
25,449
**208,662**
**-**
**208,662**
**116,935**
375
-
375
31,489
**375**
**-**
**375**
**31,489**
1,393
-
1,393
2,588
**1,393**
**-**
**1,393**
**2,588**
-
-
-
-
**-**
**-**
**-**
**-**| |---|---| 12 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2023** ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Activities & Events
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
**2022/23**
**2021/22**
£
£
£
£
15,456
-
15,456
35,537
1,272
-
1,272
1,717
63
-
63
1
6,327
-
6,327
4,062
5,631
-
5,631
968
528
-
528
528
1,146
-
1,146
2,229
545
-
545
204
712
-
712
312
5,697
-
5,697
4,355
7,678
-
7,678
7,411
104,546
-
104,546
75,494
505
-
505
509
2,192
-
2,192
617
3,718
-
3,718
1,782
3,973
-
3,973
406
**159,988**
**-**
**159,988**
**136,133**
900
-
900
750
1,165
-
1,165
150
**2,065**
**-**
**2,065**
**900**| |---|---| 13 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2023** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |The Hawerby Trust
**PREVIOUS FINANCIAL YEAR**
The Hawerby Trust|**Balance**
**Balance**
**01-Jun-22**
Income
Expenditure
Transfers
**31-May-23**
£
£
£
£
£
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
**Balance**
**Balance**
**01-Jun-21**
Income
Expenditure
Transfers
**31-May-22**
£
£
£
£
£
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. 14 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2023** ## **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|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-May-23**
**31-May-22**
£
£
**£**
**£**
90,179
-
90,179
41,790
**90,179**
**-**
**90,179**
**41,790**| |---|---| ## **8. DEBTORS AND PREPAYMENTS** |Sundry Debtors
Prepayments|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-May-23**
**31-May-22**
£
£
**£**
**£**
-
-
-
855
-
-
-
350
**-**
**-**
**-**
**1,205**| |---|---| ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiners Fees
PAYE & NI|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-May-23**
**31-May-22**
£
£
**£**
**£**
900
-
900
750
647
-
647
2,520
**1,547**
**-**
**1,547**
**3,270**| |---|---| ## **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-23**
**31-May-22**
£
£
**£**
**£**
1,054
-
1,054
1,582
88,632
-
88,632
39,725
-
-
-
-
**89,686**
**-**
**89,686**
**41,307**| |---|---| 15 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2023** ## **12. STAFF COSTS AND NUMBERS** |**TOTAL**
**2022/23**
£
Gross Wages, Salaries & Fees
95,439
Employer's National Insurance Costs
4,379
Pension Contributions
4,728
**104,546**
Employees who were engaged in each of the following activities:
**TOTAL**
**2022/23**
Charitable Activities
4|**TOTAL**
**2021/22**
£
63,324
8,331
3,840
**75,494**
**TOTAL**
**2021/22**
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 (2021/22:None). ## **13. TRUSTEES AND OTHER RELATED PARTIES** During the financial year Miss Georgia Witter (Relative to Trustee Mr Daniel Burnand) received £29,000 (2021/22:£26,000) in salary related payments and £1,271 in reimbursed volunteers expenses 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. 16 THE OUTRUNNERS CHARITY ICharitatrAe IncorpLYated Ck9anisats¢)nl INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the truste8sI memb9rn of The Outrunners Charity on the accounts for thè énd&1 31st May 2023 Sèt out on pagè8 8 to 16. Respectlve re8ponglblllt1•9 of trust￿9 •nd eX￿1Th•r The charltys trustees are r95po￿1bl￿ for th8 pr8par3tion of the a￿O￿nts. The charity's trust88s rxynskler that an audit is not réquirÈd ft)r this year under section 144 of Ihe ChariliÈs Act 2011 Ilhe Charrbe5 Acll and that an independent eX8mingtion is n88ded. Itls my r98ponglblllty to: examina tha accounts under s8Ction 145 of th8 Charities Act. follow thè proc8dur8E laid down in thè general th"rectIo￿ given by Charity Commission (under section 14SISllbl of th& Charities Acl. and state whether part￿￿1•￿ m8ttgrs hm cryne to rny attent 8a•l• of Snd•p•nd•nt •x•mln•fs statement My examlnatlon was carrte11 out In ￿cOrdanCe wlth general DlrKlws qNen by th8 Charrty comm￿lon. An 8xamination Includes a rtrvlew of the accountlng records kopi by the chanty and a rL)mparison ol the accounts pr8S8nl8d wllh Ihos8 ords. It also Incluoes conslderaiion of any unusual or dtscknures in thè acxx)unls, and seeking explanations Irom the tru5t88s conceming any such mattars. Thè pfcudures underlaken do not prov*Je all tho evidence that would be required in an audit, and wnsoquonlly no opinion is gNon a6 to whothor th¢ o¢counts w¢a¢ni • 'true and lalr. vlew and the report 48 limitod to those rnattors set o(rt in the ststemeni below. Ind•p•nd•nt •xamln•r'# •tatsm•nt In connection wth my oxamination. no mattèr has comè to my atterikn.. l. vthich givès m• reasonable cau68 to believe thal in any materol res￿￿1. the fg4uir¥rTieiit*D.' to keep acco(bnting records in accordèneo 130 01th? Charities ACL. and to prepare accounts which a￿)ff￿ willi Ui¥ ￿LV￿lI￿1)Y re¢JJrd¥ ¥nd comply ￿1h the 8c¢ountlng rgqulremgnt$ vl Ili¥ Charitses Acl havtr not been met" or lo whith. in my opinion, attention Should be drawn in (Kdef to 1¥oble a prwr urNJet518nding of the a(x>xJnts lo be reached. W.M Hall LLB C8sUe View Accounting Ltd New Bam MudL*rry Lane Bosharn Chich8st8r West Susséx P018 8TS Date: 28th March 2024