ULTRA DISTANCE SCHOLARSHIP CIC

Company limited by guarantee

Company Registration Number:
13941853 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

ULTRA DISTANCE SCHOLARSHIP CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ULTRA DISTANCE SCHOLARSHIP CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 0 27
Cash at bank and in hand: 281 7,501
Total current assets: 281 7,528
Creditors: amounts falling due within one year: 4 ( 16 ) ( 1,430 )
Net current assets (liabilities): 265 6,098
Total assets less current liabilities: 265 6,098
Total net assets (liabilities): 265 6,098
Members' funds
Profit and loss account: 265 6,098
Total members' funds: 265 6,098

The notes form part of these financial statements

ULTRA DISTANCE SCHOLARSHIP CIC

Balance sheet statements

For the year ending 29 February 2024 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Tamzin Dewar
Status: Director

The notes form part of these financial statements

ULTRA DISTANCE SCHOLARSHIP CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 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

ULTRA DISTANCE SCHOLARSHIP CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

ULTRA DISTANCE SCHOLARSHIP CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Debtors

2024 2023
£ £
Other debtors 0 27
Total 0 27

ULTRA DISTANCE SCHOLARSHIP CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 16 1,430
Total 16 1,430

COMMUNITY INTEREST ANNUAL REPORT

ULTRA DISTANCE SCHOLARSHIP CIC

Company Number: 13941853 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The company runs a yearly ‘scholarship’ providing sporting opportunities for ethnic minorities and/or people of colour in the discipline of ultra distance cycling and racing. Throughout the last financial year, the CIC’s activities have benefited the community in the following ways: Diversifying start lines: supporting scholarship recipients in a training journey towards a prominent ultra cycling race, increasing diverse representation within the sport. Providing scholarship recipients with a bicycle, training equipment, cycling clothing, coaching, mentorship, practice events, and a place in a well-known ultra cycling race. Creating resources (workshops, events, educational opportunities) for the UDS community (350+ applicants over 4 years and the public following) to learn and gain experience around the topics of: sleeping outdoors, camping, training support, nutrition and fueling strategies, sports psychology, and a safe and supportive space to ask questions and try things for the first time. Participating in public events online and in-person, spreading the message of diversity in cycling through story-telling, public speaking, panels, and workshops. Creating role models in the sport for underrepresented groups, championing these individuals through story-telling, and running a successful mentorship program connecting experienced individuals with beginners.

Consultation with stakeholders

The organisation’s stakeholders are: Taylor Doyle Aston Byfield Tamzin Dewar Vera Ngosi-Sambrook Tayyab Dilmohamud We hold monthly board meetings to discuss relevant topics and to keep stakeholders up to speed on all activities to do with the Ultra Distance Scholarship (UDS).

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £4100 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 November 2024

And signed on behalf of the board by:
Name: Tamzin Dewar
Status: Director