THE GRAND RISERS CIC

Company limited by guarantee

Company Registration Number:
14334833 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

THE GRAND RISERS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE GRAND RISERS CIC

Balance sheet

As at 30 September 2024

Notes 2024 13 months to 30 September 2023


£

£
Fixed assets
Tangible assets: 3 829 0
Total fixed assets: 829 0
Current assets
Cash at bank and in hand: 15,886 3,403
Total current assets: 15,886 3,403
Creditors: amounts falling due within one year: 4 ( 21,865 ) ( 7,260 )
Net current assets (liabilities): (5,979) (3,857)
Total assets less current liabilities: (5,150) ( 3,857)
Total net assets (liabilities): (5,150) (3,857)
Members' funds
Profit and loss account: (5,150) ( 3,857)
Total members' funds: ( 5,150) (3,857)

The notes form part of these financial statements

THE GRAND RISERS CIC

Balance sheet statements

For the year ending 30 September 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 25 June 2025
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 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

    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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 25% Reducing Balance

THE GRAND RISERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 13 months to 30 September 2023
    Average number of employees during the period 0 0

THE GRAND RISERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 0 0
Additions 856 856
Disposals
Revaluations
Transfers
At 30 September 2024 856 856
Depreciation
At 1 October 2023 0 0
Charge for year 27 27
On disposals
Other adjustments
At 30 September 2024 27 27
Net book value
At 30 September 2024 829 829
At 30 September 2023 0 0

THE GRAND RISERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 30 September 2023
£ £
Accruals and deferred income 16,136 3,470
Other creditors 5,729 3,790
Total 21,865 7,260

COMMUNITY INTEREST ANNUAL REPORT

THE GRAND RISERS CIC

Company Number: 14334833 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

The company continued to carry out its walking activities across the Northeast in the financial year starting 01/10/2023 to 30/09/2024. Walks were planned and conducted in selected venues. The organisation has seen an increase in the number of people joining the group. Our walks promote healthy lifestyle and encouraged people to get active and get fit. Lots of participants have reported the positive impact the walks had on them both physically, psychologically and emotionally. During the course of our weekly walks, we were opportune to come into contact with other organisations with whom we formed collaborations to carry out projects that benefit everyone. For example; as an organisation, we took part in wellness walk organised by diabetes UK in summer 2024. This was aimed at promoting and raising awareness about diabetes, especially among BAME individuals which happens to be the majority of our members. We have reports from our members who have gone on to loose and maintain healthy weight, thanks to the walking session.

Consultation with stakeholders

The company stakeholders are general members of the public but specifically, people who enjoy outdoors and nature walks. Black and ethnic minority groups in the Northeast/county Durham. The stakeholders were consulted on many key issues such as insight and feedback on what kind of seminars and training they think would benefit the community, new walking venues, feedback on what we can do to improve and projects we could to better serve the community. The feedback we receive has always been taken into account before decisions are made.

Directors' remuneration

£1,003 was paid for the cost of work done done by directors during the year.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 June 2025

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