Companies House 15711126 2025-05-31 2025-05-31 2024-05-09 false iso4217:GBP xbrli:pure 15711126 2025-05-31 15711126 2024-05-09 2025-05-31 15711126 curr:PoundSterling 2024-05-09 2025-05-31 15711126 uk-bus:CompanyLimitedByGuarantee 2024-05-09 2025-05-31 15711126 uk-bus:FRS102 2024-05-09 2025-05-31 15711126 uk-bus:AuditExempt-NoAccountantsReport 2024-05-09 2025-05-31 15711126 uk-bus:FullAccounts 2024-05-09 2025-05-31 15711126 uk-bus:RegisteredOffice 2024-05-09 2025-05-31 15711126 uk-bus:Director1 2024-05-09 2025-05-31 15711126 uk-bus:Director2 2024-05-09 2025-05-31 15711126 uk-bus:Director3 2024-05-09 2025-05-31 15711126 uk-bus:Director4 2024-05-09 2025-05-31 15711126 uk-bus:Director5 2024-05-09 2025-05-31 15711126 uk-bus:Director6 2024-05-09 2025-05-31 15711126 uk-bus:Director7 2024-05-09 2025-05-31 15711126 uk-bus:Director8 2024-05-09 2025-05-31 15711126 uk-bus:Director9 2024-05-09 2025-05-31 15711126 uk-bus:Director10 2024-05-09 2025-05-31 15711126 uk-bus:Director11 2024-05-09 2025-05-31 15711126 uk-bus:Director12 2024-05-09 2025-05-31 15711126 uk-bus:Director13 2024-05-09 2025-05-31 15711126 uk-bus:Director14 2024-05-09 2025-05-31 15711126 uk-bus:Director15 2024-05-09 2025-05-31 15711126 uk-bus:Director16 2024-05-09 2025-05-31 15711126 uk-bus:Director17 2024-05-09 2025-05-31 15711126 uk-bus:Director18 2024-05-09 2025-05-31 15711126 uk-bus:Director19 2024-05-09 2025-05-31 15711126 uk-bus:Director20 2024-05-09 2025-05-31 15711126 uk-bus:Director21 2024-05-09 2025-05-31 15711126 uk-bus:CompanySecretary1 2024-05-09 2025-05-31 15711126 core:AfterOneYear 2025-05-31 15711126 core:WithinOneYear 2025-05-31 15711126 core:WithinOneYear 2024-05-09 2025-05-31 15711126 core:AfterOneYear 2025-05-31 15711126 core:AfterOneYear 2024-05-09 2025-05-31 15711126 core:ShareCapital 2025-05-31 15711126 core:SharePremium 2025-05-31 15711126 core:OtherReservesSubtotal 2025-05-31 15711126 core:RevaluationReserve 2025-05-31 15711126 core:RetainedEarningsAccumulatedLosses 2025-05-31 15711126 1 2024-05-09 2025-05-31 15711126 2 2024-05-09 2025-05-31 15711126 3 2024-05-09 2025-05-31 15711126 core:LandBuildings 2024-05-09 2025-05-31 15711126 core:LandBuildings 2025-05-31 15711126 core:PlantMachinery 2024-05-09 2025-05-31 15711126 core:PlantMachinery 2025-05-31 15711126 core:FurnitureFittingsToolsEquipment 2024-05-09 2025-05-31 15711126 core:FurnitureFittingsToolsEquipment 2025-05-31 15711126 core:OfficeEquipment 2024-05-09 2025-05-31 15711126 core:OfficeEquipment 2025-05-31 15711126 core:Vehicles 2024-05-09 2025-05-31 15711126 core:Vehicles 2025-05-31 15711126 core:NetGoodwill 2024-05-09 2025-05-31 15711126 core:NetGoodwill 2025-05-31 15711126 core:IntangibleAssetsOtherThanGoodwill 2024-05-09 2025-05-31 15711126 core:IntangibleAssetsOtherThanGoodwill 2025-05-31

# RACE FORWARD CIC

## Company limited by guarantee

## Company Registration Number:
15711126 (England and Wales)

## Unaudited statutory accounts for the year ended 31 May 2025

## Period of accounts

## Start date: 9 May 2024

## End date: 31 May 2025

# RACE FORWARD CIC

## Contents of the Financial Statements

for the Period Ended 31 May 2025

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

# RACE FORWARD CIC

## Profit And Loss Account

for the Period Ended 31 May 2025

| 13 months to 31 May 2025
--- | ---
| £
Turnover: | 3,682 |
Cost of sales: | ( 4,203 ) |
Gross profit(or loss): | (521)
Operating profit(or loss): | (521)
Profit(or loss) before tax: | (521)
Tax: | 0 |
Profit(or loss) for the financial year: | (521)

# RACE FORWARD CIC

## Balance sheet

As at 31 May 2025

| Notes | 13 months to 31 May 2025
--- | --- | ---
|  | £
Current assets
Cash at bank and in hand: |  | 129 |
Total current assets: |  | 129
Creditors: amounts falling due within one year: | 3 | ( 650 ) |
Net current assets (liabilities): |  | (521)
Total assets less current liabilities: |  | (521)
Total net assets (liabilities): |  | (521)
Members' funds
Profit and loss account: |  | (521) |
Total members' funds: |  | ( 521)

The notes form part of these financial statements

# RACE FORWARD CIC

## Balance sheet statements

For the year ending 31 May 2025 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 25 January 2026
and signed on behalf of the board by:

Name: Daniel Oluwtobi Chimeka Adebayo
Status: Director

The notes form part of these financial statements

# RACE FORWARD CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 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 represents donations, grants, and event income received during the period. Unrestricted donations are recognised when received. Expenses paid personally by the Director and not reclaimed are treated as waived expenses and recognised as both expenditure and matching donation income. Expenditure is recognised when invoiced/paid.

# RACE FORWARD CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

- ## 2. Employees

  | 13 months to 31 May 2025
  --- | ---
  Average number of employees during the period | 0 |

  The company had no employees during the period. The average number of volunteers were 8. All activities were delivered by volunteers and the Director without remuneration.

# RACE FORWARD CIC

## Notes to the Financial Statements

for the Period Ended 31 May 2025

## 3. Creditors: amounts falling due within one year note

| 13 months to 31 May 2025
--- | ---
| £
Bank loans and overdrafts | 0 |
Amounts due under finance leases and hire purchase contracts | 0 |
Trade creditors | 0 |
Taxation and social security | 0 |
Accruals and deferred income | 650 |
Other creditors | 0 |
Total | 650

# COMMUNITY INTEREST ANNUAL REPORT

### RACE FORWARD CIC

### Company Number: 15711126 (England and Wales)

### Year Ending: 31 May 2025

Company activities and impact

During the accounting year ending 31 May 2025, Race Forward CIC launched several key initiatives aimed at supporting and empowering underrepresented individuals through education and community engagement. A significant milestone was the launch of the embRACE Award, an academic scholarship delivered in partnership with the University of Leicester. The award provides £6,000 of financial support to a student from a marginalised background, helping to reduce the financial burden of university education and promote social mobility. This support will continue across the three years of the recipient’s degree. In addition to the scholarship programme, Race Forward CIC organised three community events during the year, reaching and positively impacting over 200 individuals. These events focused on fostering inclusion, sharing lived experiences, and creating opportunities for dialogue and learning around racial equity. Feedback from participants has been overwhelmingly positive, highlighting the value of these spaces for education, empowerment, and community building. Operations have been made possible as a result of a small but passionate team of eight volunteers, including the founder. Each volunteers’ contribution has been vital in delivering the programmes and extending Race Forward’s reach within the community. Overall, the work this year has laid a strong foundation for long-term impact, directly benefiting individuals through both financial support and meaningful engagement opportunities.

Consultation with stakeholders

Race Forward CIC has actively engaged with its key stakeholders throughout the year to ensure our activities align with their needs and create meaningful impact. Our primary stakeholders include: 1. The University of Leicester – particularly through our partnership on the embRACE Award scholarship. 2. Barclays Eagle Labs – with whom we collaborated to deliver an entrepreneurship-focused event. 3. Our wider community members – especially those attending events and seeking development opportunities. Engagement with stakeholders has taken both formal and informal forms. Through our ongoing relationship with the University of Leicester, our founder has participated in speaking engagements and media appearances facilitated by the university's PR team, including coverage on BBC Leicester. We have also attended donor events hosted by the university, enabling further dialogue with academic staff and other supporters about how our contributions support student success. The partnership with Barclays Eagle Labs has allowed direct interaction between our community and representatives of Barclays, creating a valuable platform for attendees to explore career and business opportunities. These collaborations are shaped by shared goals and ongoing conversations, and we anticipate future joint events based on positive feedback. A specific request from the University of Leicester related to the timely disbursement of scholarship funds. In response, Race Forward CIC ensured the first £2,000 instalment was transferred promptly to the scholar, demonstrating our commitment to reliability and partnership. Through these consultations and engagements, Race Forward CIC remains responsive to stakeholder input, and committed to deepening these relationships to enhance our reach and effectiveness.

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
25 January 2026

And signed on behalf of the board by:
Name: Daniel Oluwatobi Chimeka Adebayo
Status: Director