CHARITY REGISTRATION NUMBER: 11W61 Run Klds Run Unaudited Financial Statements 31 December 2023 Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT13DN
Run Kids Run Flnanclal Slatements Year ended 31 December 2023 Pago Trustees. annual report Independent examinerfs report to Ihe trustees Statement of financial activtties Statement of financial posltion Notes to the financial statements Tha followlng pagas do not form part of Ihe flnanclal statements Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 16
Page 1 Run Kids Run Trustees, Annual Report Year ended 31 December 2023 Th8 trus$ prgsenl their report and the unaudited financi $lalements of th• ¢harity for tho yaar ended 31 Dec&mb8r 2023. Reference and admlnlstrative dfytails Rgglsterad charlty name Run Kids Run Charfty reglstratlon number 1196761 Prlnclpal offlce 8ohill Partners 4th Floor Kent Hous8 1&17 Mark•t Plac8 London W1W8AJ The trustees R M Pilkinoon P Belaund8 L C Lilja L A Coleman A Ver51e8g E P Bohill (Chairl (Appointed 3 October 20231 Accountants Burgess Hodg50n LLP Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT1 SDN Stru¢ture, govornan¢o and managom9nt RKR is a Charitable In¢orporatod organisatn ICIOI who's only voting mombers are its Charity Irusie95 and is govgrnad by it5 loundation model constrEution dated 23 Nov9mber 2021. Appointrnent of chai?ty truste&8 Apart from the first charty trustees, every trustee musl be appointed tor a term of three years by a resolutlon passed at a property convened mèetlng of the charity trustees. In selecting individuals lor appoifflments as charity trustees, the charity trustees must have regard to the Skills, knowledge and experience needed lor the effective administration of the CIO.
Page 2 Run Kids Run Trustees. Annual Report Year ended 31 December 2023 objIlve$ and activities The main objectives of the charity are.. The promotion ol the ettittiency and effectiveness ol charities and the effecb've use ol charitable resources lor the benefit of the public in England and Wales by providing support, seNices and advice lo primary schools and their PTA chaiilies iegarding the organisation of community sports fundraising initiatives. The promotion of communty participation in healthy recreat'on tor the public benetr( in England and Wales by assisting in the provision ol organisèd running events for prirnary school children, their ParenearerS and friends. Run Kids Run seeks to address the significant gap in funding for stale primary schools by providing support. services and advice to primary schools and their PTA Charities to mobilise the whole communtty lo lundrwse lor their loc schoots and improve the education provision for a]l. Evidence shows that disadvantaged ChIren generally lace additional challenges in reaching their potential al school and often do not pertorm as well as other pupils. RKR wants to support the Pupil Premium grant by providing another source of funding lo impiove educational outcomes lor disadvantaged pupils in schools in England. RKR secures corporate sponsorshlp and provides those corpK)rate sponsors wlh the opportunity to connect with their local schtsols and communities to buikl long-term partnerships. RKR organises running events for primary school children, their parentslcarers and friends. Sponsors. donations 1100P/o of which are directly pass8d on to schools) used for a specific purpose, chosen by each school, which benefits the whole school community. The children are encouraged to reach out to friends and family for additional sponsorship. Schools report back on the use of the funds and the impact on thè pupils. higvernfynts and performance In 2023, RKR put on 8vents in which 42 schools participated. The events covered 7 London boroughs - expanding from Islington and Camden into Newham, Hackney, Wandsworth, Westminster and Southwark. These runs Ihree of which were new events in the Run Kids Flun calendar - took place at Battersea Park, Southwark Park and Stratfoid Olympr Park. in addition to those already established at Highbury Fields and King's Cross Lewis Cubbitt Square. Over 4,450 runners look part rwsing over £268.262 lor their schools (£90,182 of which was ftjndraising by the schools themselves). This lolal realty shows how mobilising a community benefrts that community, th crowds of parents and supporters Irepresenting ihe incredible diveisity of these arèa81 turning up lo encourage the ehitdren in their ettorts. Given the ongoing economic crisis, headteachers have confirmed that the furKJs raised via RKR are invaluable to these undertundgd schools. The of RKR is to reach all 32 London boroughs. and more MmUnitieS within each borough. over the next 5 years. by connecting local corporate sponsors and schoDI communities. In 2023, the funds invested enhanced the everyday education experience of the children with investments made In= Building projects - school libraries, refurbishing playgrounds, building sensory rooms Leaming resources - IT & PE equipment, educational sofware, updating IT infrastructure Wellbeing pro9rammes - mentat heath support and counselling Enrichment prograrnmes extra-curricular activities, speci&ist teachers, sports clubs, school trips
Page 3 Run Kids Run Trustees, Annual Report (eontinued) Year ended 31 December 2023 Financial review Totd incoming resources lor ihe period totalled £201.446 12022.. £10S,26n. The charity received £182,372 12022- £95,500) of incom& as direct donations to schoo15 and the whole ol this income is directly payable to the schools. The remaining income ol t39.07412022'. £9.767) was received through corporate sponsorship of events and a donation ol £Nil12022'. £7,106) from Bohill Partners Limited to cov&r rLtnning costs. Total resources expensed for the period tol&led £198,16712022'. £90,767). The charity pwd £176,295 12022: £81,000) of donations direclly to schools. The remaining expenditure 01 £18,77812022'. £9,767) was paid lor running costs of the èvents and day to day charty costs. The financial resutt tor the period was nel income of £3,27912022= £14,500). Total tunds at the end ol the period were £17,779 12022= £14,500). Of the total funds, £20,57712022.. £14,500) are rèstricted funds and are due to be paid directly to schools after the period end. The charity has a ¢&8h balance ol £1,29612022.. £14.2921 al the end of the period. Reserves policy There is not a gpecifiG reserves pgliGy and at present there are no unrestricted reserves. Charity gxpenditure in the year was CDvered by a corporate donation from Bohill Partners Limited lo ensure funds were not in a deficit positson. Any reserves from corporate donations lo schools are held as restricted lund5 to be distributed in the lulure to schools where there are gaps in funding. Risk Management The trustees examine the m4or risks that the charity laces each financial year when preparing oonsidering future plans. The trusteès Continue lo cgngider and review developments, particularly tskiNJ into aceount the loss in real terms on investments compared with inflation. Trustees. responsibilities statement The trustees are responsible lor preparing the Iruslees. report and Ihg financial statements in accordance with applicable law and Ljnited Kingdom Accountsng Standards Iuniled Kingdom Generdly Accepted Accounting Practice). The law applicable lo charities in England and Wales requires the charty trustees to prepare financial statements lor each year which giv& a true and fair view ol the slate ol affairs of the charity and ol the incoming resources and application ot resources. of the charity for that period.
Page 4 Run Klds Run Trustees. Annual Report (contlnuvd) Year ended 31 Decemb8r 2023 In preparing these financial slatements. th8 trustees are required to: S818ct suitable accounting pollcles and then appty them consi8tsnlty' obsèrwe the mèthods and prin¢wJles in tho applicable Charitios SORP. make judgments and accounting estimates that are reasonable and prudent: slat8 whether applicable UK Accoun11 Skndards have been tollow&J, subject to any matsrial departures disclosed and explained in the financial statements-, prepare the financial statements on the going concem basis unless it is inappropriate to presume that the ¢harity will continue in business. The Iruslees are responsible for keeping adequat8 accounting records that are sufficient to show and explain th8 charitls transactions and disclose with reasonable accuracy at any time the financial p0son of th• charity and enable them lo onsuro that the linan¢ial $talements ¢omply wtth the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations. and the provisions of the Twst Deed. They aTr also responsible for safeguarding the assets of Ihe charfty and hence for taking reasonable steps for th* preveniion and d&te¢tion ol fraud and other (rpUtant1&$. The trus1OeS' annual report Ylas approved on .1.11.Q612024........ arKI signed on bohall of th& board of Iruslees by.. E P Bohill ICha¢r) Trustee
Pago 5 Run Kids Run Independent Examiner's Report to the Trustees of Run Kids Run Year ended 31 December 2023 I rèport to the Irustegs on my examination of the financi statements ol Run Kids Run I'the chariw for the year ended 31 December 2023. Responsibilities and basis of report As the trustees of the Charity you are responsible lor ihe preparation of the linan¢ial statements in accordance with the requirements of the Charities Act 2011 Ilhe ACYI. I report in respeet of my examination of the charitys financial statements carried out under section 145 ol the 2011 Act and in carrying out my examination I have followed all the applicable DirectnS gnien by the Charity Commission under section 14515)Ibl of Ihe Act. Indepgndènt examinerfs statement I have completed my examination. I confirm that no material matters have come lo my att8nlion in connection with the examination giving me cause to believe that in any material resp&cl.' ac¢ounb"ng records were not kopl in respect oi the charty as required by section 130 of the Act., or the financial statements do not acrd with Ihose records. or the financi statements do not compty with the applicable requirements concerning the fomi and conlenl of accounts set OLrt in the Charities (Accounts and Reports) FlegulatlDns 2008 other than any requirement that the accounts give a 'tNe and fairf view which is not a matter considered as part of an independent gxaminalion. I have no concerns and have come acTOSS no other matters in connection with the examination to which attention should be drawn in ihis report in order lo enable a proper understanding ol the accounts to b8 reached. Colin Fleid FCA Independent Examiner Camburgh House 27 New Dover Road Canterbury Kent CT13DN
Page 6 Run Kids Run ststement of Financial Activlfjes Year ended 31 December 2023 Period from 25 Nov 21 to 31 Doc 22 Yfrar to 31 Dec 23 Unresiri¢ted Restricted funds funds Total funds Total lunds Note In¢om• and endowmonts Donations and legacies Total income 19.074 182.372 182,372 201,446 105,267 105,267 19,074 201.446 expenditure Expenditure on raising funds: Costs of raising dOnaon8 and legacles xpendilure on charitabio a1V¢S Total expenditure 18.778 3,094 21.872 176,295 195.073 87,627 3,140 90,767 176295 198.167 Net Incomo and not movement in funds 12,7981 6.077 3.279 14,500 Roconcillatlon ot funds Total funds brought lorward Total funds carrled fonvard 14,500 20,5TI 14,500 17,TT9 12,7981 14,500 The Statement of tinancial athities includes all gains and10sses racognised in the year. All income and expenditure d8rw& from oontinuing activitiès. The notes on pag•$ 8 to 13 forni part ol thw financial statsmon
Pago 7 Run Kids Run Statement of Flnanclal Posltlon 31 De¢emb&r 2023 2023 2022 Not• Currènt assets Deblors Cash at bank and in hand 11 28,275 1,296 29,571 208 14,292 14,500 Croditors: amounts falling du• within one year Net curront assets 12 11,792 17,779 14,500 Total assots J8ss currnnt liablliti 17,T19 14.500 Funds ofihe charlty R?slrict8d fund5 Unrestricted funds 20,577 12,7981 17,779 14,500 Total ¢harlty tunds 13 14,500 These linanciat statements were approved by the board ol trustses and aulhortsed for issue on 111060......... aThJ are sbjned on behaff of the board by: E P 8ohlll ICh&r) Tru*e• Th& nots$ on pago8 8 to 13 tomi part Of the8• fInan¢lal Statemtrnts.
Page 8 Run Kids Run Notes to the Financial Ststements Year ended 31 December 2023 General information The charty is a public benefrt entity and a registered charity in England and Wa5 arKI is unincorporated. The address of the pncipal office is Bohill Partners, 4th Floor, Kent House, 14- 17 Market Place, London. W1W 8LI. Statement of complianGo These financial stalernenls have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in th& UK and the Republic ol Ireland,, the Slal&ment ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Flèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102)) and the Charittes Act 2011. Accounting policlgs Basi$ of preparatlon The financial statements are presented on an basis. The financi statements are prepared in steding, which is the functional cUrncY of the entty. Golng ¢oncem There are no material unttertaintiÈs about thè chartys abilty to confjnue. Judgoments and kgy $ourcos of estimation uncèrtainty The preparation ol the financial staternen15 requires manageinent to make judgements, eslimales and assumptions that affect the amounts reported. These esbrnales and judgements are continually reviewed and are based on experience and othèr factors, including expectations ol fure events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretlon of the trustees to further any ol the ChIty'S purposes. Designated funds are unresrri¢ted funds eamiarted by the trustees for particular fuluie project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or Ihrough the terms ol an appeal. atMI fatl into one of two sub-classes.. restricted income funds or endowment funds.
Page 9 Run Kids Run Notes to Ihe Financial Statements fconlinu8d) Year ended 31 December 2023 Accounting policies (GOrtlnu•d) Incomlng re$ource$ All incoming resources are included in the statement of financial acb"vilies when entitlement has passed to the charity- il is probable that the economic benefrts associated with the IransactiDn will flow to the charity and the amount can b8 Teliably measured. The following specific policies are applied lo particular calegories of incomè.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliab. legacy income is recognised when receipt is probable and enfftlement is established. income from donated goods is measured at the lair vu8 ol the goods unkss this is impractical lo measure reliably, in which case the valuè is derivèd from the cost lo the donor or the esiimated resalè value. Donated facilities and services are recognised in the accounts when Teceived if the value can be reliably measured. No amounts ate included for the contribution ol general volunte&rs. income from contracts for thp supply ol services is recogni5ed wth the delivery ol the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and relurned il unspent, in which case it may be regarded restricted. Resources expended Expenditure is recognised on an acGruals basis as a liability is incurrèd. Expenditure includes any VAT which cannot be fully recover, and is classified und&r headings ol the statement of financial activities lo which it relates.. expenditurè on raising fun(ts includes thè costs ol all fundraising actwities. events. non- charitable trading activities, and Ihe sale ol donated goods. expenditure on charitable acb"vities includes all ¢05ts incurred by a charity in undertaking activities that further its charitable aims lor the benefit DI its beneficiaries. including those support costs and costs relating lo the governance of the oharity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure Categories refctIng the use ol the resource. Direct costs attributable to a single activty are allocated directly to that activity. Shared costs are apportioned between thè aclivitles they contribute to on a reasonable, justifiable and consistent basis.
Page 10 Run Kids Run Notes to the Financial Statements fcontinu8d) Year ended 31 December 2023 Accounting policies (contlnued) Flnancial in$trum¢nts Financial liabilities arKI equity instruments are classified according to the SLAbstance ol the contractual arrangements entered into. Debtors and creditors with no slated interest rate and receivable or payable within onè year are recorded at transaction price. Any losses arising from impairmgnl are recognised in the profit and loss account in other adminisiratwe expenses. Loans and borrowings are initialty recognised al Iransaction Pri including transaction costs. Subsequentty, they are measured at amortiged cost using the effective interest rale method, les5 impairment. If an arrangement constitutes a finance transaction it is measured al present value. Donations and legacies Unrestricted Funds Restrieled Total Funds Funds 2023 Donations Donations to schoo Event sponsoring Running costs Other donations 182.372 182.372 375 17,844 855 375 17.844 855 19,074 182.372 201.446 Unrestricted Funds Restricted Totsl Funds Funds 2022 Donations Donations to schools Event sponsDring Running costs Other donations 95.500 95.500 2,661 7.106 2,661 7.106 9.767 95.500 105.267 Costs ol raislng donatlons and legacles Unreslricled Funds Restricted Total Funds Funds 2023 Donations Event sponsorship G05ts 176,295 176,295 18,778 195,073 18.778 18,778 176,295
Pay 11 Run Klds Run Notes to the Financlal Statements fwittnyod) Year ended 31 Dacomber 2023 Costs of raising donations and legacles (contlnued) Unre$tri¢ted Funds Re$tri¢t•d Total Funds Fund5 2022 Donations Event sponsorshlp costs 81.000 81,000 6.627 6,627 6.627 81,000 87.627 Expenditure on charltable activities by lund type Unrestricted Total Funds Unre$tried Total Funds Funds 2023 Funds 2022 Donations and event sponsorshlp Support costs 3.069 2S 3,069 25 3,103 37 3,103 37 3,094 3.094 3.140 3.140 Exp•nditur• on charitsble actfvftios by activity typ8 Activities undertaken directly Support costs Total funds 20tJ Tolal fund 2022 Donations and event sponsorship Goveman¢e ¢osts 3.069 3.069 25 3.103 37 25 3,069 25 3,094 3,140 Independent examlnatlon fees Period from Ygar to 25 Nov 21 to 31 Dec 23 31 Dec 22 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,575 1,500 Staff costs The average head count of employees during the year wa5 712022: 51. No employee tsceNed 8mployee b8neffts of more than £60.000 during the year12022: NID. 10. Trustee remuneration and expenses No remuneration, benefits trom employment or expenses were paid by the charity or a related entity to the trustees.
Page 12 Run Klds Run Notes to the Flnancial Slatements (contsnu•dJ Year ended 31 December 2023 11. Debtors 2023 2022 Trade debtors Other debtors 16,275 12,000 28.275 208 208 12. Croditors: amounts tslllng dug wlthin one year 2023 2022 Other credtlors- desc in alcs 11,792 13. Analysls of chartlable lund$ Unrestricled lund8 At 1 January 202 At 31 Deeember 2023 Income Expenditure Gener funds 19,074 (21,872) 12.7981 Al 25 November 2021 At 31 December 2022 Income Expenditure Gan8 funds 9,767 19,767} Restri¢ted lunds At 1 January202 At 31 December 2023 Income ExpgnditLAre Donations to s¢hoois 14,500 182,372 1176,295} 20.577 At 25 November 2021 At 31 December 2022 Income Exp9nditure Donaiion$ to schools 95,500 181,000} 14,500
Pagg 13 Run Kids Run Notes to the Financlal Statements fcontlnrwdj Year ended 31 December 2023 14. Anatysls ol net asset$ bthe•n fund$ UnrtrICted Funds Reslricled Total Funds FurKIs 2023 Current assets Creditors less than 1 year Net a9$ets 8,994 111.7921 12.798) 20,577 29,571 111.7921 17.779 20.577 Unrestricted Funds Restricted Tolal Funds FuThJ8 2022 Cuffenl assets Creditors less than 1 year N&t assets 14.500 14.500 14,500 14.500
Page 14 Run Kids Run Management Informatlon Year endod 31 December 2023 Thfr lollowlng pagos do not forni part of the flnanclal slatemen
Pago 15 Run Kids Run Detailed Statement of Financlal Actlvllles Year ended 31 Dember 2023 Period from Yoar to 25 Nov 2119 31 Dec 23 31 Dec 22 Income and endowments Donatlon$ and legacles Donations to schools Event 5portsoring Running costs Other donations 182,372 375 17,844 855 95,500 2,661 7,108 201,446 105,267 Totsl in¢ome 201,446 105267 Expondlturo Costs of ralsing donationg and legacles Other motorltravel costs Other office costs Snacks Medals and priz8S Sundry Equipment hire Donations to schools 118 30 186 1,111 1.797 3.385 81,000 87,627 204 4.312 1,134 10,209 178,534 195,073 Expendlture on charltable a¢tlvltle$ Insurance Other office costs Other inler•st payabl• and similar charges Entettsnment Reusable equipment Heatth and safety Subscriw'ons 552 356 334 176 37 37 1,349 1,149 1.153 245 770 3,094 3.140 Total expendlture 198,167 90.767 Not incomo 3,279 14,500
Page 16 Run Kids Run Notes to the Detailed Statement of Flnanclal Actlvftles Year end8d 31 December 2023 Period from Year lo 25 Nov 2110 31 Dec 23 31 Dec 22 Costs of ralslng donatlons and legacl Donations Donations to schools 176,295 81,000 Event spongorshlp costs Oiher motorllravel costs Printing Sna¢ks Medals and prizes Sundry Equipment Hir8 Advertising 118 30 186 1,111 1,797 3,385 204 4,312 1,134 10,209 2,¥69 18.778 6.627 Costs of ralslng donatlons and legacles 195.073 87,627 Expendlture on ¢harltable a¢tlvltles Donatlons and event sponsorshlp Actlvitles undertakgn dlrncrfy Insurance Other office costs Entertainment Reusable equipmeni Health and salety Subscriptiorts 552 356 37 1.349 334 176 1,149 1.153 245 7T0 3.069 3.103 Governanco costs Bank fees 37 Exponditure on ¢harftsble a¢tlvitles 3.140