THE GRAND RISERS CIC

Company limited by guarantee

Company Registration Number:
14334833 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 5 September 2022

End date: 30 September 2023

THE GRAND RISERS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE GRAND RISERS CIC

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal activities of the company

The company's principal activity during the period was to encourage, empower, and support healthy lifestyle and well-being among people of all ages, especially adults, in County Durham and the Northeast of England.



Directors

The director shown below has held office during the period of
30 December 2022 to 30 September 2023

Edward Kagema Kamweti


The director shown below has held office during the whole of the period from
5 September 2022 to 30 September 2023

Adetunji Adebowale Otemade


The director shown below has held office during the period of
5 September 2022 to 30 December 2022

Purity Mary Wagio Njathi


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 August 2024

And signed on behalf of the board by:
Name: Adetunji Adebowale Otemade
Status: Director

THE GRAND RISERS CIC

Profit And Loss Account

for the Period Ended 30 September 2023

13 months to 30 September 2023


£
Turnover: 6,280
Cost of sales: ( 2,373 )
Gross profit(or loss): 3,907
Administrative expenses: ( 7,764 )
Operating profit(or loss): (3,857)
Profit(or loss) before tax: (3,857)
Profit(or loss) for the financial year: (3,857)

THE GRAND RISERS CIC

Balance sheet

As at 30 September 2023

Notes 13 months to 30 September 2023


£
Current assets
Cash at bank and in hand: 3,403
Total current assets: 3,403
Creditors: amounts falling due within one year: 3 ( 7,260 )
Net current assets (liabilities): (3,857)
Total assets less current liabilities: (3,857)
Total net assets (liabilities): (3,857)
Members' funds
Profit and loss account: (3,857)
Total members' funds: ( 3,857)

The notes form part of these financial statements

THE GRAND RISERS CIC

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 August 2024
and signed on behalf of the board by:

Name: Adetunji Adebowale Otemade
Status: Director

The notes form part of these financial statements

THE GRAND RISERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

THE GRAND RISERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    13 months to 30 September 2023
    Average number of employees during the period 0

THE GRAND RISERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Creditors: amounts falling due within one year note

13 months to 30 September 2023
£
Accruals and deferred income 3,470
Other creditors 3,790
Total 7,260

COMMUNITY INTEREST ANNUAL REPORT

THE GRAND RISERS CIC

Company Number: 14334833 (England and Wales)

Year Ending: 30 September 2023

Company activities and impact

The Grand Risers is a Community Interest Company dedicated to fostering healthy lifestyles and well-being among people of all ages, with a focus on adults in County Durham and the Northeast of England. The organisation leverages local resources and national funding to engage the community in activities that promote physical and mental health. During this reporting period, our organisation successfully conducted numerous health and wellness activities, thanks to the National Lottery Award for All funds. Key achievements include:1. Walking Initiative: Successfully logged 83.36 miles in organised walks with a total duration of 56 hours, 4 minutes, and 39 seconds.2. Workshops and Seminars: Hosted several workshops focusing on wellness and mental health, including a notable seminar with the British Red Cross on health and safety.3. Membership Engagement: Saw an increase in membership and active participation in organisational decision-making, reflecting a strong community engagement and commitment to our objectives.

Consultation with stakeholders

Our stakeholders include the community that we serve and also our funders. We held community meetings and also sent out survey questionnaires to gather input from members and potential members. The feedback informed some of the additional activities (seminars) that we delivered during the course of the year. We consulted with our funders for permission to reallocate budget funding from areas where there was surplus to areas where we were short. This was approved by the funders and allowed us to carry on with our activities. In a bid to further deepen community involvement; we provided opportunities for our members to participate in training sessions traditionally reserved for directors. This inclusive approach not only empowers our members but also brought fresh perspectives and ideas to our leadership; enhancing the overall effectiveness and relevance of our projects.

Directors' remuneration

£1,625.52 per director for two directors.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 August 2024

And signed on behalf of the board by:
Name: Edward Kagema Kamweti
Status: Director