REGISTERED NUMBER: 08057072 (England and Wales)

RUN 4 WALES LTD.

Financial Statements

for the Year Ended 31 October 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Cole

N B Roberts

Welsh Athletics Limited

D Cobner

G T Veale

SECRETARY:

Welsh Athletics Limited

REGISTERED OFFICE:

The Pod, Number 1

Capital Retail Park

Leckwith

Cardiff

Mid Glamorgan

CF11 8EG

REGISTERED NUMBER:

08057072 (England and Wales)

AUDITORS:

O'Brien & Partners

Chartered Accountants

& Statutory Auditors

Highdale House

7 Centre Court

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

CURRENT ASSETS

Debtors

4

124,764

213,733

Cash at bank

1,273,701

350,664

1,398,465

564,397

CREDITORS

Amounts falling due within one year

5

(1,378,618

)

(564,448

)

NET CURRENT ASSETS/(LIABILITIES)

19,847

(51

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,847

(51

)

RESERVES

Income and expenditure account

19,847

(51

)

19,847

(51

)

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 July 2018 and were signed on its behalf by:

N B Roberts - Director

1.	STATUTORY INFORMATION

Run 4 Wales Ltd. is a private company, limited by guarantee , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents event income, grants and proceeds of fund raising activities, net of VAT.

Grants receivable

Grants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over

the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the

related expenditure is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

79,354

180,483

Other debtors

45,410

33,250

124,764

213,733

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

213,411

367,539

Taxation and social security

36,765

8,161

Other creditors

1,128,442

188,748

1,378,618

564,448

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gareth Francis (Senior Statutory Auditor)

for and on behalf of O'Brien & Partners

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Run 4 Wales Ltd sold services to the value of £23,732 (2016: £39,427) to Welsh Athletics Ltd. At the year

end, the balance outstanding from Welsh Athletics Limited was £12,686 (2016: £4,125), this balance is included within

debtors note 4.

The above transaction is related as Welsh Athletics Limited is a corporate director of the company.

8.	RELATED PARTY DISCLOSURES

During the year, Run 4 Wales Limited agreed to make a donation of £134,237 (2016: £59,454) to the Run 4 Wales

Charitable Foundation, a Charitable Incorporated Organisation (CIO). In addition Run 4 Wales Foundation purchased goods

from the company of £9,077 (2016: £NIL). At the year end the company owed £134,874 (2016: £37,415) to Run 4 Wales

Charitable Foundation, this balance is included with creditors, note 5.

The above transactions are related as the trustees for Run 4 Wales Charitable Foundation are also directors of Run 4 Wales

Limited.