## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024** # **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1189583** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ ## **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 2023 **END OF FINANCIAL YEAR** 31st May 2024 **TRUSTEES AT 31ST MAY 2024** 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** ## **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 Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ 3 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MAY 2024** ## **Message from our founder and CEO Tyler Williams-Green** As we reflect on the past year, I feel really proud of what we have achieved together at Outrunners. The young people in East London are full of incredible drive, energy, and creativity, yet many face barriers that prevent them from reaching their full potential. The inactivity crisis is one of the major challenges that stands in their way, limiting access to opportunities that promote health, development, and growth. This year, we’ve worked tirelessly to address this issue. Through the power of running and movement, we’ve been able to provide young people and their wider communities with the tools they need to improve their physical and mental wellbeing, enhance their social and emotional skills, and open doors to new opportunities. By bringing them together in shared experiences, we’ve helped foster stronger connections, building confidence and resilience that extends far beyond the track. With the support of our partners and running community we’ve made significant strides towards driving lasting change. But this is just the beginning. We are focused on meeting young people where they are by testing and expanding our programmes in schools and communities - empowering young people to get moving, to unlock their potential, and to chase their dreams. As we continue on this path, we remain committed to creating a more inclusive and diverse running world, where everyone, regardless of background, has the opportunity to thrive. The impact we’ve seen this year is a testament to the passion and dedication of our team, our partners, and most importantly, the young people who have joined us in this journey. I am excited for the year ahead and the incredible possibilities we can unlock together. Thank you for your continued support, and for believing in the power of movement to transform lives. ## **What We Do** ## **Vision** All young people in London have equal access to running & movement and the support to thrive. ## **Need** We are focused on young people from non-dominant communities who are least likely to move due to deep-rooted inequalities. ## **Mission** To bring the transformative power of running & movement to young people from non-dominant communities aged 8+. Widening their opportunities, building confidence & skills and bringing diversity to the wider UK running community. ## **Programmes** ## **Youth Running Clubs** In partnership with local youth clubs, charities and Nike we host 5 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 staff and supported by volunteers. 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 called Outrunners Youth, in partnership with Nikes community team, for Black and South Asian girls aged 13 to 18 years who were not currently physically active, supporting them to get back into movement. ## **In-school Running Programmes** In April 2024 we launched our first pilot schools programme in partnership with Nike’s community team. We are building on what we have learnt and meeting more young people where they are. We are focusing on young people who haven’t enjoyed or engaged with physical activity in some time, inspiring them to start moving and loving it. 4 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2024** ## **Running Clubs for Young Women** In 2023 we launched a new running programme for Black and South Asian women aged 18 to 30 years, in partnership with Nike’s community team. We work with women who have not been physically active for a long time, supporting them to get back into movement. ## **The impact we have made** ## **Young people taking part in our run clubs:** **186** young people attended **121** sessions totalling ## **Young people taking part in schools pilot program:** **102** young people attended **66** sessions ## **Events and races we took young people to:** **32** went to Black to the trails in July **12** went to Love Trails in July **16** did the Big Half in September **20** did the Hackney School Run **150** did our Fun Run ## **Outrunners Move and Outrunners Youth programmes:** **51** women and girls participated in a 10 week Outrunners programme, with a **92%** completion rate. **100%** of participants who completed the course and were surveyed expressed a wish to or were already actively regularly exercising in their everyday life. We supported **4** women to complete coach training. ## **Outrunners Academy:** **150** people from ethnically diverse backgrounds women took part, they fundraised 11k ## **Volunteers who Supported Us:** 50 ## **Partners:** 50+ partners engaged ## **Words from our Young People and Women** ## **- Feedback from women who completed our 10 week Move programme:** “a once in a lifetime experience.” “life-changing.” “I don’t care what others think because we are in this together.” “The coaches were amazing, the vibes were awesome and just the sisterhood. I loved it.” “It showed me I am capable of so much.” 5 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2024** ## **- Girls who took part in our 10 week Outrunners Youth Programme:** “Because of you, I am now motivated enough and have proved to myself that I am capable and that I can run and do sports, so thank you. Thank you for making me fitter and happier.” “One of the best times of my life.” “Learning from the other girls. That was the most important thing for me.” “I’m confident to speak out loud.” ## **Women we Supported to become Trained Coaches** ‘It’s about normalising it. Not many coaches look like me. So, I want to make it more normal.’ ## **Amina’s story** Amina enjoyed rock climbing but went very infrequently because it was unaffordable. She also couldn’t run due to painful shin splints. She was attracted to Outrunners Move because it offered many activities, but she didn’t expect to enjoy running: “I went into it thinking, I’m not running. I don’t want to be a runner”. By the end of the ten weeks, she had changed. Running resolved the financial constraints preventing her from exercising: “Once you’re kitted out, running is free, you can do it whenever you want”. She realised the problems caused by wearing cheap, poor-quality shoes. Her shin pain disappeared quickly when she began using the Nike trainers provided by The Outrunners. Having suitable kit also helped her feel more included: “They provided sports hijabs, and they gave us the option of modest sportswear - it just felt like I wasn’t having to ask for these things.” Amina has started running in the mornings and describes how it helps to improve her mental health and cope with difficult situations: “There was a lot going on in my personal life. One day, I just realised, wait, I can just go for a run... Being able to carve out some time for myself and just to step out and run, was great. It has been really grounding for me... Running in the morning, even just for half an hour, makes me feel so different in the day. I feel more alert, more awake... It makes me hungry, so I’m eating healthier.” ## **Our Achievements This Year** ## **Successfully Delivering our First Programmes in Partnership with Nike** This year was an exciting year for The Outrunners. We delivered and evaluated two new programmes, Outrunners Youth and Outrunners Move in partnership with Nike’s community team. We worked 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 wanted to inspire them to start moving and feel all the benefits that it brings. We 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 also identified young women from our Move programme who wanted to train as coaches and make a difference in their community. The experiences of the girls and women were overwhelmingly positive. Nearly all of them completed the course, and several described their experience as life-changing. They were all either regularly exercising or wanting to by the end of their course. We trained 4 new coaches in total. ## **Launching our Second Outrunners Academy** We launched our second Outrunners academy, growing it from 20 runners in 2023 to 150 runners from underrepresented backgrounds completing the London Marathon in 2024. Despite London being very diverse only 11% of the people who take part in the London Marathon are from underrepresented communities. The London Marathon supported us again with free spots and we recruited people to take part. Our academy was powered by Nike with a series of training events, training plans, free kit and a celebration event post-marathon. As well increasing the diversity at the event our runners raised over 11k to support our work. 6 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2024** ## **Making an Impact with Our Programmes** We’ve continued to deliver and grow our running clubs for young people with 3 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. In the Summer we put on another successful fun run with 150 young people from our community, bringing young people and adults together to take part in our 1 mile, 5k and 10k races. 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 our partners Nike, Sports direct, Moju, Proper, Fit and Caravan for supporting our event. ## **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, running cross country with the black trail runners and spending a day at Wimbledon learning how to play tennis. ## **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, the London Marathon and our fun run. Some of our 17 year olds 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, helped us to deliver events like our fun run and raising money to support our work and we can’t thank them enough for everything they do. ## **Looking Forward** This year, we’re looking forward to completing our pilot program across schools in Hackney and Newham, taking our mission to new heights and reaching even more young people who need us the most. Through our incredible partnership with Nike’s community team, we’re creating life-changing opportunities and making an even bigger impact. We’re energised to build on the success of our Outrunners Academy, powered by Nike, and we have something special in store: this year, we’ll be introducing a half marathon alongside the iconic London Marathon to ensure that more women than ever can get involved, chase their goals, and celebrate their achievements. Our annual fun run is set to go bigger and better than ever before, with our entire community coming together to run, celebrate, and inspire one another. And we’re not stopping there! We’ll be reviewing our strategy and infrastructure to ensure we’re ready for the future, so we can continue transforming the lives of even more young people in East London and beyond. 7 THE OirniUNNERS CHARITY TRUSTEES. REPORT (ConUnu•d) FOR THE YEAR ENOED 31ST MAY2024 LNf aThJ the Generdty Pmpknj Ac1x￿￿k4 Pfhrtyes (rwp) FlrwKlol Stsrn1&rd 102.. ￿ FIn0n￿l truIte￿ aro wu*rA1 18103/£5 - L41UILU 8lkYL ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2024** |**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
**2023/24**
**2022/23**
£
£
£
£
116,622
56,718
173,340
208,662
36,617
17,190
53,807
375
4,270
-
4,270
1,393
-
-
-
-
**157,509**
**73,908**
**231,417**
**210,431**
194,306
64,538
258,844
159,988
7,873
-
7,873
2,065
**202,179**
**64,538**
**266,717**
**162,053**
**(44,670)**
**9,370**
**(35,300)**
**48,378**
89,686
-
89,686
41,308
**45,016**
**9,370**
**54,386**
**89,686**| |---|---| 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 OirniUNNERS CHARITY AS AT 31ST MAY 2024 TOTAL TOTAL 314IIy•24 31.IA•y-23 IrThYBtrr•rrtB Total Flx•d A•••t• C￿h It 8•rt In ￿￿K1 47.n6 9J70 5T.1C6 ,17 90.179 Cv•dTrtor&knU￿nIB d￿t*Ah1n0rn 4￿1 1.647 I￿rGuRRENT AUEr8 44,49) 44M• 49,086 Cv•dll•r% du• kn NK¥• It•n Fund• olth• Ch•rKy Gewal 44016 44016 1370 Tgtal Funth S*nad on1Nr befAVbyTnAtsè.... ... - LAUQ£hJ 61 10 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024** ## **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. 11 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2024** ## **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-23
Additions
Net Book Value at
31-May-24
Depreciation
01-Jun-23
Charge
Depreciation at
31-May-24
Net Book Value
31-May-24
Net Book Value
31-May-23|Computer
General
**Total**
Equipment
Equipment
**2023/24**
£
£
£
2,110
-
2,110
-
-
-
2,110
-
2,110
1,056
-
1,056
528
-
528
1,584
-
1,584
**526**
**-**
**526**
**1,054**
**-**
**1,054**| |---|---| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st May 2024: None 31st May 2023: None 12 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2024** ## **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
**2023/24**
**2022/23**
£
£
£
£
10
-
10
2,500
97,112
1,000
98,112
105,772
19,500
55,718
75,218
100,390
**116,622**
**56,718**
**173,340**
**208,662**
36,617
17,190
53,807
375
**36,617**
**17,190**
**53,807**
**375**
4,270
-
4,270
1,393
**4,270**
**-**
**4,270**
**1,393**
-
-
-
-
**-**
**-**
**-**
**-**| |---|---| 13 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2024** ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Activities & Events
Advertising & Marketing
Bank Charges
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
**2023/24**
**2022/23**
£
£
£
£
34,044
2,280
36,324
21,783
701
-
701
1,272
119
-
119
63
8,668
-
8,668
5,631
528
-
528
528
616
-
616
1,146
332
-
332
545
3,705
-
3,705
712
6,833
-
6,833
5,697
10,084
-
10,084
7,678
121,215
62,258
183,473
104,546
2,019
-
2,019
505
1,363
-
1,363
2,192
600
-
600
3,718
3,479
-
3,479
3,973
**194,306**
**64,538**
**258,844**
**159,988**
1,080
-
1,080
900
6,793
-
6,793
1,165
**7,873**
**-**
**7,873**
**2,065**| |---|---| 14 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2024** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Go London Fund
London Community Foundation
Loughborough University
Nike Retail UK Fund
The Gosling Foundation|**Balance**
**Balance**
**01-Jun-23**
Income
Expenditure
Transfers
**31-May-24**
£
£
£
£
£
-
17,190
7,820
-
9,370
-
4,433
4,433
-
-
-
1,000
1,000
-
-
-
48,785
48,785
-
-
-
2,500
2,500
-
-
**-**
**73,908**
**64,538**
**-**
**9,370**| |---|---| The Restricted Funds held are wholly represented by the Charity'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 2024** ## **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|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**31-May-24**
**31-May-23**
£
£
**£**
**£**
47,736
9,370
57,106
90,179
**47,736**
**9,370**
**57,106**
**90,179**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**31-May-24**
**31-May-23**
£
£
**£**
**£**
1,285
-
1,285
-
**1,285**
**-**
**1,285**
**-**| |---|---| ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiners Fees
PAYE & NI|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**31-May-24**
**31-May-23**
£
£
**£**
**£**
1,080
-
1,080
900
3,451
-
3,451
647
**4,531**
**-**
**4,531**
**1,547**| |---|---| ## **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-24**
**31-May-23**
£
£
**£**
**£**
526
-
526
1,054
44,490
9,370
53,860
88,632
-
-
-
-
**45,016**
**9,370**
**54,386**
**89,686**| |---|---| 16 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2024** ## **12. STAFF COSTS AND NUMBERS** |**TOTAL**
**2023/24**
£
Gross Wages, Salaries & Fees
167,279
Employer's National Insurance Costs
8,828
Pension Contributions
7,366
**183,473**
Employees who were engaged in each of the following activities:
**TOTAL**
**2023/24**
Charitable Activities
7|**TOTAL**
**2022/23**
£
95,439
4,379
4,728
**104,546**
**TOTAL**
**2022/23**
4| |---|---| The Charity operate a PAYE Scheme to pay all employed members of staff and no members of staff received emoluments of over £60,000 (2022/23:None). ## **13. TRUSTEES AND OTHER RELATED PARTIES** During the financial year Miss Georgia Witter (Relative to Trustee Mr Daniel Burnand) received £14,881 (2022/23:£29,000) 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 2024 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. W.M Hall LLB Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ Date: 25th March 2025 18