THE GRAND RISERS CIC

Company limited by guarantee

Company Registration Number:
14334833 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2025

Period of accounts

Start date: 1 October 2024

End date: 30 September 2025

THE GRAND RISERS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE GRAND RISERS CIC

Balance sheet

As at 30 September 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 622 829
Total fixed assets: 622 829
Current assets
Cash at bank and in hand: 6,917 15,886
Total current assets: 6,917 15,886
Creditors: amounts falling due within one year: 4 ( 12,916 ) ( 21,865 )
Net current assets (liabilities): (5,999) (5,979)
Total assets less current liabilities: (5,377) ( 5,150)
Total net assets (liabilities): (5,377) (5,150)
Members' funds
Profit and loss account: (5,377) ( 5,150)
Total members' funds: ( 5,377) (5,150)

The notes form part of these financial statements

THE GRAND RISERS CIC

Balance sheet statements

For the year ending 30 September 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.

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 7 May 2026
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 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 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 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

THE GRAND RISERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2024 856 856
Additions
Disposals
Revaluations
Transfers
At 30 September 2025 856 856
Depreciation
At 1 October 2024 27 27
Charge for year 207 207
On disposals
Other adjustments
At 30 September 2025 234 234
Net book value
At 30 September 2025 622 622
At 30 September 2024 829 829

THE GRAND RISERS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Accruals and deferred income 7,187 16,136
Other creditors 5,729 5,729
Total 12,916 21,865

COMMUNITY INTEREST ANNUAL REPORT

THE GRAND RISERS CIC

Company Number: 14334833 (England and Wales)

Year Ending: 30 September 2025

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 planned and conducted walks across the Northeast. This included walks along the coastlines, woodlands and parks; bringing people close to nature as much as possible. 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 sent out survey questionnaires to gather input from members and potential members. The planning committee and walk leaders usually plan and lead a walking session, however, sometimes, members volunteer to lead a walk session. 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

A total of £3,009 was paid in freelance payments to directors for work done.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 May 2026

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