## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025** # **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 2024 **END OF FINANCIAL YEAR** 31st May 2025 **TRUSTEES AT 31ST MAY 2025** Daniel Burnand Lauren Baker Rachel Solomon Simon Wharton (Appointed 3rd June 2024) Samuel Browne (Appointed 3rd June 2024) Hamid Vaghefian (Appointed 3rd June 2024) **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** The Outrunners Charity Unit D.1.04 Echo Building Main Reception Hackney Bridge East Bay Lane London E15 2SJ **PRIMARY BANKERS** Lloyds Bank Plc 25 Gresham Street London EC2V 7HN **INDEPENDENT EXAMINERS** 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 2025** ## **Message From Our Founder and CEO Tyler Williams-Green** This has been a big year for The Outrunners. We’ve grown our programmes, strengthened our partnerships, and most importantly, seen hundreds of young people find confidence, joy and community through movement. When we started this charity, our aim was simple: to make running and movement something every young person could enjoy — not just those who already felt welcome. This year, that mission came to life in so many powerful ways. Over 750 young people took part in our schools programme, more than 130 joined our weekly run clubs, and our work with young women continued to help people get active again after long breaks. None of this would be possible without our amazing staff, volunteers, partners and funders. Your energy, belief and generosity keep this work moving forward every single day. Looking ahead, we’re excited to expand our schools programme even further, grow our Outrunners Academy, and strengthen our organisation so we can support even more young people across East London and beyond. ## **What We Do** ## **Vision** A world where all young people have access to running, movement and all its benefits. ## **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. Widening their opportunities, building their confidence & skills. ## **Programmes** ## **In-School Running Programmes** In April 2024 we launched our first innovative schools programme pilot in partnership with Nike’s social community impact team. We deliver a 6-week structured programme across schools in Newham and Hackney with year 7 and 8 young people followed up with on-going after-school clubs and holiday clubs they can attend. We focus on young people who haven’t enjoyed or engaged with physical activity in some time, particularly girls from ethically diverse backgrounds, inspiring them to start moving and loving it. ## **Youth Running Clubs** In partnership with local youth clubs and charities we host 3 weekly running clubs for 8 to 18-year-olds which are funded by the Go London fund. 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 Hackney Moves and The 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. ## **Running Clubs for Young Women** This year we continued our impactful running programme for Black and South Asian women aged 18 to 30 years. We worked with women who have not been physically active for a long time, supporting them to get back into movement. 4 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2025** ## **The impact We Have Made** ## **Young people taking part in schools pilot program:** 752 young people attended 294 sessions. ## **Young people taking part in our run clubs:** 136 young people attended 157 sessions. ## **Young people taking part in our annual fun run:** 40 young people took part. ## **Events and races we took young people to:** 30 attended Black to the trails in May. 15 attended the Hackney School Run. ## **Delivered a full year of weekly sessions for:** - 1 group of 13–17-year-olds, and - 2 groups of 8–12-year-olds, running during evenings and school holidays. ## **Outrunners Move:** 30 women participated in a 6 week fitness, running and well-being programme, with a 80% completion rate. We supported 4 women to complete coach training. ## **Outrunners Academy:** 150 people from ethnically diverse backgrounds women took part, they fundraised 21k. ## **Volunteers who Supported Us:** 50 ## **Partners:** 50+ partners engaged. ## **Feedback from Our Young People and Parents** - _“Everyone pushes each other and it's a great place to become a better runner whilst also meeting new people. I really_ - _enjoy running with The Outrunners and they have helped me reach targets in running that I didn't think I could reach!”_ - _‘If I am not attending the Outrunners After School Club, then I would just be going for a run with my Mum in the park._ - _Outrunners has become a part of my lifestyle”_ - _'Our coach is really nice and always very supportive. Even when we tried to give up, they always pushed us and helped_ - _us to improve!'_ - _Outrunners has been amazing for both Sara and Omar! I’ve noticed such an improvement in their fitness, energy, and_ - _confidence — they come home so happy after every session... The team is so supportive and patient, and it really means a lot.”_ - _“It’s such a great space for young people to be active and independent for a few hours, in a healthy and positive_ - _environment.”_ - “The Nike x Outrunners youth photoshoot was a fantastic experience — joyful, inclusive, and inspiring. The coaches created such a supportive atmosphere that made my son feel confident and part of something special. He absolutely loved it! 5 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2025** ## **Stanley’s Story** “I always felt like my purpose was to help others achieve their goals and pass on that baton, like others have before me and for me” Growing up in Hackney, Stanley faced violence, fear and low confidence. Everything shifted when a friend introduced him to The Outrunners: what began as a casual, youth ‑ led running session soon became a long ‑ term commitment that helped transform his life. By 19, he had completed his first marathon and discovered a deep sense of purpose, community and belonging. Within The Outrunners, Stanley found a safe and supportive space where he could rethink setbacks as “just a bump in the road.” It was here that he built resilience, regained confidence, and navigated major life decisions — including the pivotal choice to step away from university and pursue a new direction. Having first joined The Outrunners as a young participant on the youth programme, Stanley now plays a vital role in supporting the next generation as a Youth Practitioner. He draws on his lived experience and running journey to mentor, guide and champion young people walking similar paths. At just 21, he describes The Outrunners as one of the “greatest gifts of his life” — a constant presence through key transitions: from childhood to adulthood, from participant to coach, and from uncertainty to purposeful next steps. His story reflects the organisation’s long-term impact, not only on his life but on the wider community he now helps uplift. ## **Youth run club programme outcomes (Ages 13–18)** According to our impact surveys: - **75%** strongly agreed: “By attending Outrunners, I have improved my physical fitness.” - **58%** now identify as runners. - **82%** agree or strongly agree: “Outrunners makes me feel more positive in my day-to-day life.” - **67%** feel more confident moving and running. - **99%** agree or strongly agree: “At the Outrunners, I feel like I have a community.” - **83%** strongly agree: “Since joining, I enjoy movement and exercise more.” ## **Our Achievements This Year** ## **Continuing our Partnership with Nike by Expanding an Innovative Schools Programme** This year we continued our innovative schools programme pilot, expanding it through building strong partnerships with 7 schools across Newham and Hackney, in areas where youth inactivity is a significant challenge. We delivered a structured 6- week programme to over 750 young people in year 7 and 8 which enabled progression, trust, ongoing attendance, improved activity levels and enjoyment in movement. We also trialled after-school and holiday clubs. Sessions were delivered by coaches young people can relate to and the availability of sports bras and hijabs meant we could engage many girls who were previously effectively excluded from participating fully. ## **Improved School Culture** “Running laps as a sanction is no longer working! Kids are enjoying running. The culture of running is unrecognisable - it’s a credit to Outrunners.” “The park run on week 6 was a great success - and we have now embedded this into our own curriculum” ## **Supporting Life-Style Change** “If I’m not at the Outrunners club, I go for a run with my mum. It’s part of my lifestyle.” 82% of young people maintained or gained an identity as a “runner.” ## **Increased Activities and Physical Well-Being** - "I have more energy during the day and it helps me to sleep better because my body has done a lot of exercise." 6 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST MAY 2025** "My coach taught me breathing techniques and helped me find ways to enjoy running. I now go to the club every week." 75% of young people reported maintained or increased physical activity levels. ## **Improved Mental Well-Being and Focus** The Outrunners has helped me in every aspect... I am mentally stronger and it has helped me build [my] resilience." “The Outrunners sessions were really really fun! It boosted my energy levels, I can concentrate more in Maths ” 65% of young people reported a maintained or improved focus and attention in school. ## **Launching our Third Outrunners Academy** We launched our third Outrunners academy with 130 Female runners from underrepresented backgrounds completing either the Hackney half marathon and London Marathon in 2025. 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 21k to support our work, a 10k increase year on year. ## **Making an Impact with Our Programmes** We’ve continued to deliver 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 our 4th successful fun run with 35 young people from our community, bringing young people and adults together to take part in our 1 mile, 5k and 10k races. This event was sponsored by our partner, Moju and brought people together, gave young people and young women in our programmes a race to train for. We’re grateful to our partners Moju, Nike, Proper, Fiit 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, taking part in festivals like Black girl fest, 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 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** Next year, we’re excited to complete our school programme pilot across Hackney and Newham, with a goal of reaching 1,000 young people. We will take everything we’ve learned from this pilot and use it to grow into more schools through our brilliant ‑ partnership with Nike’s community team — creating even more life changing opportunities for young people. We’re also building on the success of our Outrunners Academy, powered by Nike. This year, for the first time, we’ll be training a group of young people alongside our adult runners. We’ll support them to reach their goals, learn what works best for them, and use those insights to expand the academy in future years. And we’re not stopping there. We’ll be reviewing our strategy and strengthening our infrastructure so we’re ready for the next stage of our growth — ensuring we can continue transforming the lives of even more young people across East London and beyond. 7 THE OUTRUNNERS CHARITY ICharitstAe Incorporatsd Organisationl TRUSTEES. REPORT Icontlnuedl FOR THE YEAR ENDED 31ST MAY 2025 TruBt888' R88pon81bllltl88 trustees are ￿$￿)nSib￿ lor p￿p)rir¥) the Trustees. Retort arK1 the ststements in accordance with aprAi¢ab Law arKI the Generally Accepted Ac￿nting Prirtiples IGAAPI i￿1￿J1r￿) Fi￿￿￿1 Rerxjrting sts￿ard 102.. The Flnanclal Rerorting StsrKlard applrable in the UK and ReputAic of IUnite(l Kiwjfyn Gererally knepted A¢countlThJ Pra¢llcel. The Charht￿$ Act 2011 requi￿ the trustees to prepa￿ fits?￿la1 ststeff*nts lor each fir*rtial year which give a true falr vlew of stale of affairs of the CIO arKI of Surp￿ of t￿ CIO for that In wepadng those flnancbl Statements the trustees are required to.. Seknl suitable accounliThJ 0￿18$ aprty th8m consisl8ntty. Observe the methcés and pnncipks in the CharrtEs SORP. Make judgeTnent5 arKI eslimale5 that are rea50naLqe d￿j prudenL stste aprAKable UK A¢countirg StsThJards ha¥e tth) fc*yA*d, suts￿t to any material departure& dlsck)se¢ and exssained in the financmgl $tstemenls. Prepare finarcial stater￿nIS on the gC￿ ccrtem b9515 unkn5 it 15 inapprwwle to presurne that the CIO will continLE in existence. The trustees are responsib￿ for keeping suffic￿nt accountiThJ records that dlsck)se w￿h reasonabk accuracy at any time th& finarKlal posit1￿ ol th& charrty arKI enable them lo ensure that financol Ststemenls comply with the c￿rItIeS Act 2011. th8 Charity (Accounts arKJ Rer<)rt$l ReguLaik)n$ 2(K)8 aThY tl* provi$ths ol GovemirKJ tkncumenl. They are also responsibl8 for safeguarding the assets ol the charty arKI lakirKJ w$(x￿ble steps for the prevenlth and detectk)n of traud and other Irregularities. If og ￿26 Approved by the Trust885 on........ S￿ned on t￿1r ￿hall￿ Truiièè ... - [lut￿ Eh¥£Q ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2025** |**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**
Costs of Generating Funds
**4b**
Governance Costs
**4c**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
Transfer Between Funds
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
138,992
156,209
295,201
173,340
55,407
-
55,407
53,807
8,320
-
8,320
4,270
1
-
1
-
**202,720**
**156,209**
**358,929**
**231,417**
176,021
124,439
300,460
258,844
471
-
471
-
3,338
-
3,338
7,873
**179,830**
**124,439**
**304,269**
**266,717**
**22,889**
**31,770**
**54,659**
**(35,300)**
45,016
9,370
54,386
89,686
(60)
60
-
-
**67,845**
**41,200**
**109,045**
**54,386**| |---|---| 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 ICharitstAe Incorporatsd Organisationl BALANCE SHEET AS AT 31ST MAY 2025 UnrestrKted Restrthd FurYJ5 FurvJ5 TOTAL 31.Ma￿25 TOTAL 31.May-24 Flxed As50t5 Tangib￿ A55ets Investment5 Totsl Flxed Assots 526 526 Current A55ets Debtor5 & Prepayment$ Cash at Bank and in Hand Total Curront Assets 13.721 62.260 75,981 13.721 103.460 117,181 1.285 57.106 58,391 41.2 41,200 Cr•dltors'. Amounts lallng due wRhin one year 8.136 8,136 4,531 NET CURRENT ASSETS 67045 412CKI 109,045 53,860 TOTAL ASSETS 1898 current liabilitie8 67,845 41,200 109,045 54,386 Credltor#'. Amounts lalllrrfJ dL* In Ihan one year 10 NET ASSETS 87,845 41,200 109,045 54,386 Fund•ofth•Cha￿ty Gengral Fun¢$ Re$tri¢te¢ Fund 67NS 67,845 41,200 45,016 9,370 412(K) Totsl Fund• 67.84$ 41.200 109.045 $4.386 24 05 2026 Approved bytheTrusteeson.................. SKJre(J on their behalf by Trustee .... Prlnted Name.. LAUQLU 10 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025** ## **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 2025** ## **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-24
Additions
Net Book Value at
31-May-25
Depreciation
01-Jun-24
Charge
Depreciation at
31-May-25
Net Book Value
31-May-25
Net Book Value
31-May-24|Computer
General
**Total**
Equipment
Equipment
**2024/25**
£
£
£
2,110
-
2,110
-
-
-
2,110
-
2,110
1,584
-
1,584
526
-
526
2,110
-
2,110
**-**
**-**
**-**
**526**
**-**
**526**| |---|---| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st May 2025: None 31st May 2024: None 12 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025** ## **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
**2024/25**
**2023/24**
£
£
£
£
-
-
-
10
103,932
1,639
105,571
98,112
35,060
154,570
189,630
75,218
**138,992**
**156,209**
**295,201**
**173,340**
55,407
-
55,407
53,807
**55,407**
**-**
**55,407**
**53,807**
8,320
-
8,320
4,270
**8,320**
**-**
**8,320**
**4,270**
1
-
1
-
**1**
**-**
**1**
**-**| |---|---| 13 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025** ## **4. RESOURCES EXPENDED** |**a) Cost of Charitable Activities**
Activities & Events
Advertising & Marketing
Bank Charges
Cleaning Costs
Consultancy Costs
Depreciation Expense
Equipment Costs
Insurance Costs
License & Subscriptions
Office Costs
Rent & Rates
Repairs & Maintenance
Staff Costs
**12**
Sundry Expenses
Telephone Costs
Training Costs
Travel & Subsistence|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
49,862
4,765
54,627
36,324
678
-
678
701
185
-
185
119
2,050
-
2,050
1,777
13,416
-
13,416
8,668
526
-
526
528
444
-
444
616
335
-
335
332
3,085
-
3,085
3,705
2,519
-
2,519
5,056
14,902
-
14,902
10,084
386
-
386
170
82,127
119,674
201,801
183,473
-
-
-
1,849
1,962
-
1,962
1,363
840
-
840
600
2,704
-
2,704
3,479
**176,021**
**124,439**
**300,460**
**258,844**| |---|---| |**b) Cost of Generating Funds**
Merchandise Costs
**c) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|471
-
471
-
**471**
**-**
**471**
**-**
1,260
-
1,260
1,080
2,078
-
2,078
6,793
**3,338**
**-**
**3,338**
**7,873**| |---|---| 14 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Elevate Fund
Garfield Weston Fund
Go London Fund
Homerton College Fund
Nike Retail UK Fund
Youth Sport Trust|**Balance**
**Balance**
**01-Jun-24**
Income
Expenditure
Transfers
**31-May-25**
£
£
£
£
£
-
1,039
1,039
-
-
-
30,000
5,000
-
25,000
9,370
8,220
17,650
60
-
-
600
600
-
-
-
100,150
100,150
-
-
-
16,200
-
-
16,200
**9,370**
**156,209**
**124,439**
**60**
**41,200**| |---|---| ## **PREVIOUS 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 2025** ## **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-25**
**31-May-24**
£
£
**£**
**£**
62,260
41,200
103,460
57,106
**62,260**
**41,200**
**103,460**
**57,106**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**31-May-25**
**31-May-24**
£
£
**£**
**£**
13,721
-
13,721
1,285
**13,721**
**-**
**13,721**
**1,285**| |---|---| ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiners Fees
PAYE & NI|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**31-May-25**
**31-May-24**
£
£
**£**
**£**
1,260
-
1,260
1,080
6,876
-
6,876
3,451
**8,136**
**-**
**8,136**
**4,531**| |---|---| ## **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-25**
**31-May-24**
£
£
**£**
**£**
-
-
-
526
67,845
41,200
109,045
53,860
-
-
-
-
**67,845**
**41,200**
**109,045**
**54,386**| |---|---| 16 ## **THE OUTRUNNERS CHARITY** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MAY 2025** ## **12. STAFF COSTS AND NUMBERS** |Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities|**TOTAL**
**2024/25**
£
187,401
11,356
3,044
**201,801**
**TOTAL**
**2024/25**
11|**TOTAL**
**2023/24**
£
171,558
8,828
3,086
**183,473**
**TOTAL**
**2023/24**
7| |---|---|---| The Charity operate a PAYE Scheme to pay all employed members of staff and no members of staff received emoluments of over £60,000 (2023/24:None). ## **13. TRUSTEES AND OTHER RELATED PARTIES** No 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 2025 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. K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ Date: 27th March 2026 18