RUNNING AT 40 PLUS CIC

Company limited by guarantee

Company Registration Number:
14334847 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 5 September 2022

End date: 31 October 2023

RUNNING AT 40 PLUS CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

RUNNING AT 40 PLUS CIC

Profit And Loss Account

for the Period Ended 31 October 2023

14 months to 31 October 2023


£
Turnover: 15,060
Cost of sales: ( 3,700 )
Gross profit(or loss): 11,360
Distribution costs: ( 43,528 )
Administrative expenses: ( 2,057 )
Operating profit(or loss): (34,225)
Profit(or loss) before tax: (34,225)
Profit(or loss) for the financial year: (34,225)

RUNNING AT 40 PLUS CIC

Balance sheet

As at 31 October 2023

Notes 14 months to 31 October 2023


£
Current assets
Stocks: 3 3,000
Cash at bank and in hand: 366
Total current assets: 3,366
Creditors: amounts falling due within one year: 4 ( 37,591 )
Net current assets (liabilities): (34,225)
Total assets less current liabilities: (34,225)
Total net assets (liabilities): (34,225)
Members' funds
Profit and loss account: (34,225)
Total members' funds: ( 34,225)

The notes form part of these financial statements

RUNNING AT 40 PLUS CIC

Balance sheet statements

For the year ending 31 October 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 31 May 2024
and signed on behalf of the board by:

Name: Mrs Sally Ann Ambrose
Status: Director

The notes form part of these financial statements

RUNNING AT 40 PLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 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 is made up of anumber of sources including membership fees, sponsorship, sales of merchandise and income from events. It is accounted for on a cash recieved basis, less any refunds made during the period.

    Other accounting policies

    Stock Stock is valued at the lower of cost and net realisable value.

RUNNING AT 40 PLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    14 months to 31 October 2023
    Average number of employees during the period 0

    The directors did not receive any remuneration during the accounting period.

RUNNING AT 40 PLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Stocks

14 months to 31 October 2023
£
Stocks 3,000
Total 3,000

RUNNING AT 40 PLUS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

14 months to 31 October 2023
£
Accruals and deferred income 300
Other creditors 37,291
Total 37,591

Other creditors includes loans made by the directors to the company totalling £37,591. The loans are interest free and there is no fixed repayment date.

COMMUNITY INTEREST ANNUAL REPORT

RUNNING AT 40 PLUS CIC

Company Number: 14334847 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company's activities are to benefit persons aged 40 and over who are interested in running, located nationwide in the UK and are of all running abilities and experience. During the year to 30 September 2023 a number of events have been organised for the community members: - Regional meet ups. - Annual award ceremony, which eas also live streamed to the community, recognising achievement and celebrating success. - Organising 6 virtual runs with medals for all, 5 of which supported specific charities linked to a member and their chosen charity, raising over £5,000 in total. The sixth was a 10k Running at 40 Plus Challenge event.

Consultation with stakeholders

Consultation with the Running at 40 Plus Community during the year has been via an online community of over 20,000 runners over the age of 40. Throughout the year questions and requests for feedback and suggestions have been posted and responded to in the Running at 40 Plus Facebook community group. Running at 40 Plus is committed to everyone having the right to enjoy running and to inspire others and be inspired. The runners in the community range from absolute beginners to seasoned runners. Support has been provided with a monthly newsletter with running tips, a runner of the month and inspiring stories and an active social media account with daily posts. Further consultation has been achieved through the events that have been held during the year.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 May 2024

And signed on behalf of the board by:
Name: Mrs Sally Ann Ambrose
Status: Director