2021-12-31-accounts

The Running Charity Accounts for the year ended 31 December 2021 Charity number: 1157501

The Running Charity Accounts for the year ended 31 December 2021

Contents

	page
Reference and administrative details	3
Trustees’ Report for the year ended 31 December 2021	4
Independent Examiner's Report to the Trustees of The Running Charity	9
Statement of Financial Activities for the year ended 31 December 2021	10
Balance Sheet as at 31 December 2021	11
Notes to the financial statements	12

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The Running Charity Accounts for the year ended 31 December 2021

Reference and administrative details

Status

The organisation is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission on 17 June 2014.

Governing document

The governing document is the Charitable Incorporated Organisations Constitution, registered on 17 June 2014.

Charity number

1157501

Principal address

20 Ballast Quay Greenwich London SE10 9PD

Trustees

David McMurtrie (Chair) Kathryn Donkersley (Treasurer) Wincent Lau (appointed 3 December 2021) Adrian Lobb Catherine Seymour (appointed 3 December 2021) Hamid Vaghefian Rachael Williams (appointed 3 December 2021)

Bankers

Barclays Bank plc 60 Putney High Street Putney London SW15 1SF

Independent Examiner

Cara Miller ACCA MHA MacIntyre Hudson 910 The Crescent Colchester Business Park Colchester Essex C04 9YQ

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The Running Charity Accounts for the year ended 31 December 2021

Trustees’ Report for the year ended 31 December 2021

The Trustees present their report and the unaudited financial statements for the year ended 31 December 2021.

Reference and administrative information set out on page 3 forms part of this report. The financial statements comply with the Statement of Recommended Practice Accounting and Reporting by Charities (2015).

Structure, governance and management

The Running Charity (TRC or the Charity) is a CIO, registered with the Charity Commission on 17 June 2014. It currently has seven trustees.

During 2021, the Charity employed an average of nine full-time staff members (2020: seven). The Charity also continued to benefit from a significant amount of time donated by a number of individuals in the year to 31 December 2021, all on a voluntary basis other than the nine full-time employees.

In his role as General Manager, Alex Eagle was responsible for TRC’s day to day operations throughout the year and continues to lead the Charity. Alex maintains regular contact with all of the Trustees who are consulted in relation to all significant matters affecting the organisation.

The Trustees of the Charity have always performed their duties for nil consideration and this will continue.

Trustee recruitment and appointment

New trustees are appointed by the Charity’s members, in accordance with the Constitution.

Objectives and activities for the public benefit

The Running Charity’s charitable objective and purpose, as per its governing document, is the promotion of social inclusion for the public benefit amongst young people who are socially excluded, by providing them with the means to participate in healthy recreation and with access to support services to relieve their needs and assist them to integrate into society.

At TRC, ‘socially excluded’ means people who are excluded from society, or parts of society, as a result of homelessness or risk of homelessness.

TRC provides running and fitness-based initiatives to homeless and disadvantaged young people aged 16-24, using the great value of sport as a catalyst for proactive and productive social change. The main activities undertaken in relation to the purposes of the Charity, as set out in its governing document, are summarised on the next page.

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The Running Charity Accounts for the year ended 31 December 2021

Trustees’ Report for the year ended 31 December 2021 (continued)

TRC operated two types of activities during the year:

• Hostel and Support – TRC partners with services that support and engage homeless people and those at risk of becoming homeless, to offer running for development programmes. These programmes aim to improve participants’ mental wellbeing, resilience, physical health and engagement/integration with society. We do this by offering a range of health-related activities, key work sessions and goal setting sessions.

• Mentor Programme – TRC trains, supports and manages volunteers to support and mentor participants towards a significant run. There has been a greater reliance on online and 1:1 sessions with young people during 2021 as a result of the covid-19 pandemic.

TRC also operates a Members Advisory Panel (MAP). The MAP is a user-led platform that enables graduates and members to contribute to the direction and structure of the charity. It is led by a democratically elected chair and enables TRC’s young people to complete a chain of input from the user through to the strategic management.

In shaping TRC’s objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.

The Trustees have considered the key activities undertaken by TRC during the year and believe that they have satisfied the public benefit requirement of the Charities Act and the Charities (Accounts and Reports) Regulations 2008.

Risk Management

The Trustees have considered the major risks to which the Charity is exposed. The main issues are:

• Financial – the risk that The Running Charity does not have sufficient reserves to meet its debts as they fall due. The Trustees review TRC’s financial position on a regular basis, receiving a financial update at each General Meeting. It is the Charity’s policy that it should have sufficient reserves to meet the next six months’ expected running costs.

• Closure of partner hostels – TRC forms partnerships with established institutions within the homeless sector, upon which it relies for provision of venues to host its programmes. Early termination of partnerships due to unforeseen closures could lead to a failure to meet the terms required by the funders where either specific hostels or a minimum number of programmes is required. The risk is mitigated through completion of appropriate due diligence prior to entering into agreements with all new partners.

• Litigation from members – the nature of TRC’s activities are such that there is an inherent risk of injury during a training session or event run by the Charity. There is also a risk that advice dispensed by TRC or its staff is misconstrued. TRC takes safety extremely seriously and ensures that the health and safety of all members, staff and volunteers is paramount. Additionally, the Charity obtains relevant insurance policies to best protect itself and those involved.

• Reliance upon key individuals – due to its current size and the relatively small number of employees, the Charity faces the inherent risk that specific knowledge is held by one or two key individuals. TRC tries to mitigate this risk by ensuring that all significant decisions involve several individuals (including Trustees), all of whom are fully briefed on such matters.

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The Running Charity Accounts for the year ended 31 December 2021

Trustees’ Report for the year ended 31 December 2021 (continued)

Impact of the covid-19 pandemic

Due to our young peoples’ support needs and complexities, government guidelines largely enabled the Charity to continue to engage with young people throughout the pandemic. The Charity delivered services to young people on 677 of the 730 days during 2020 and 2021. During 2020, the Charity had flexed its delivery model in response to the challenges brought about by the pandemic—supporting young people primarily through online group and individual sessions and, when possible, one to one running sessions with programme coaches and volunteers. The covid-19 pandemic continued to impact the Charity during 2021. As opportunities for group training and events returned, the Charity has continued to offer a flexible delivery model and support young people through both group and one to one activities.

The trustees and staff are immensely grateful for the generosity of a number of organisations and donors who have supported the Charity’s work through the covid-19 pandemic, enabling the Charity to continue supporting young people through this challenging time (see funding section below).

Achievements and performance

During 2021, TRC operated programmes and sessions as detailed within Objectives and activities for the public benefit. Our programme of ‘active wellbeing’ combines personal development within an intensive but gradually progressive structure of goal setting, that address both physical and mental wellbeing as well as the issues that can be compounding a young person’s situation. We work in combination with other frontline services, such as housing providers and healthcare services, and incorporate elements of these within the goals that are set in order to support young people to make positive decisions and choices.

Key Milestones & Highlights during the year included:

Impact and outcomes

• The Charity provided 474 at-risk young people with access to health and wellbeing services. 144 of those young people became members of the programme (regular attendees), averaging nearly 30 hours of engagement per person. The Charity provided 6,697 hours of key work and development support.

• Members had an average of seven support needs and 6 mental health needs when they first engaged with the Charity. Impact assessments and surveys across the year have indicated improved wellbeing (93%) and improved resilience (90%). Engagement was high—with 91% of members providing a full data set about their outcomes. All members made positive mental health progress, with 65% moving into the average or high ranges of mental health survey scores. Members have also experienced a 388% improvement in cardiovascular health.

• 84 members were out of employment, education and training when they first engaged with the Charity. 76% have now entered Employment (44%), full time education (42%) and/or training (14%). 83% sustained their employment and education and 100% completed their training.

• 100% of members experiencing rough sleeping when they first engaged with the Charity secured safe accommodation. 78% of members living in emergency accommodation moved into longer term housing or hostels. No members saw their housing situation become worse.

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The Running Charity Accounts for the year ended 31 December 2021

Trustees’ Report for the year ended 31 December 2021 (continued)

• The Charity continues to engage a diverse demographic (37% Black; 38% White; 12% Arab; 5% Asian; 9% Mixed Heritage). 38% of members identified as female, 52% as male and 10% as non-binary or transgender.

• During 2021, the charity has increased provision of support for the LGBTQIA+ community which now represents 28% of the total client group. The Charity has also provided increased support for the Refugee community, including a Change.Org campaign that received over 8,500 signatures.

Infrastructure

• During 2021, the Charity expanded its work in Leeds, employing a full-time programme coach from March 2021. The Charity also employed a new staff member in December 2021 who will organise fundraising adventure challenges from 2022.

• One London programme coach left the organisation in November 2021 and has been replaced by a former graduate of the programme from February 2022.

• Three new trustees were appointed during the year.

• From May 2021, the Charity secured a donated workspace in central London that has been used as both an office space, and to host workshops and base group runs from (see Note 2).

Funding

TRC has benefitted from the generosity of several organisations during 2021, including:

• Allan and Gill Gray Philanthropy, advised by Tris Lumley

• Barratt Homes

• Boost Charitable Trust

• BT Supporters’ Trust

• DCMS

• The Charities Aid Foundation

• Dulverton Trust

• Enterprise Development Programme

• Laureus Sport for Good Foundation

• Lloyds Bank Foundation for England & Wales

• The London Community Foundation

• On Running

• Peter Kershaw Trust

• • St Bride’s Managers LLP

The Trustees and staff are immensely grateful to all of the organisations, donors and volunteers who have supported The Running Charity during the year.

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The Running Charity Accounts for the year ended 31 December 2021

Trustees’ Report for the year ended 31 December 2021 (continued)

Financial review

The income for the year was £486,621 (2020: £280,238), consisting primarily of donations and grants. The increase was primarily due to some grant awards and fundraising activity being limited in 2020 as a result of the covid-19 pandemic and the cancellation of mass participation events.

Expenditure was £352,856 (2020: £275,425). The increase was primarily due to the use of a new donated office space in London, establishing a staffed hub in Leeds, and increased in-person activity following the end of covid-19 related lockdowns.

Further details of income and expenditure are provided within the notes to the financial statements.

Plans for the future

In the coming year, the Trustees expect The Running Charity to continue to work with the hardest to reach young people. This will be carried out by the retention and the building of new partnerships with charities that support young people with multiple and complex needs.

We will continue to build and stress test new volunteer hubs in cities around England to ensure that any expansion has the strongest platform to be sustainable and create the maximum amount of impact.

Since the year end, the Charity has begun running fundraising Adventure Challenge events and plans to continue doing so throughout 2022. The Charity is also continuing to research the implications and benefits of diversifying its income through trading activities, events and social enterprise models.

Reserves policy

TRC endeavours to hold reserves sufficient to meet expected running costs for a period of at least six months. At the end of the year, the Charity held reserves of £394,710 (2020: £260,945), of which £290,415 was unrestricted (2020: £198,663).

Approved by the Trustees on 5 September 2022 and signed on their behalf by

David McMurtrie Chair

Kathryn Donkersley Treasurer

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The Running Charity Accounts for the year ended 31 December 2021

Independent Examiner's Report to the Trustees of The Running Charity

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2021 which are set out on pages 10 to 20.

Responsibilities and basis of report

As the Charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Dated: 7 September 2022

Cara Miller ACCA MHA MACINTYRE HUDSON Chartered Accountants 910 The Crescent Colchester Business Park Colchester Essex C04 9YQ

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The Running Charity Accounts for the year ended 31 December 2021

Statement of Financial Activities For the year ended 31 December 2021

Income from: Donations and grants Total income Expenditure on Charitable activities Total resources expended Net movement in funds Total funds brought forward Total funds carried forward	Unrestricted funds Restricted funds 31 Dec 2021 31 Dec 2020 Note £ £ £ £ 2 224,112 262,509 486,621 280,238
	224,112 262,509 486,621 280,238
	3 (132,360) (220,496) (352,856) (275,425)
	(132,360) (220,496) (352,856) (275,425)
	91,752 42,013 133,765 4,813 198,663 62,282 260,945 256,132
	10 290,415 104,295 394,710 260,945

All income and expenses derive from continuing activities.

The notes on pages 12 to 20 form part of these financial statements.

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The Running Charity Accounts for the year ended 31 December 2021

Balance Sheet

As at 31 December 2021

Note Fixed assets Tangible assets 7 Total fixed assets Current assets Stock 8 Cash at bank and in hand Total current assets Creditors: amounts falling due within one year 9 Net current assets/(liabilities) Net assets Funds Restricted funds 10 Unrestricted funds 10 Total funds	31 Dec 2021 31 Dec 2020 £ £ 363 778
	363 778
	11,769 3,579 393,528 266,712
	405,297 270,291
	(10,950) (10,124) 394,347 260,167
	394,710 260,945
	104,295 62,282 290,415 198,663
	394,710 260,945

Approved by the Trustees on 5 September 2022 and signed on their behalf by:

David McMurtrie Chair

Kathryn Donkersley Treasurer

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The Running Charity Accounts for the year ended 31 December 2021

Notes to the financial statements

1. Accounting policies

General information and basis of preparation

The Running Charity is a CIO and is registered with the Charity Commission (Charity Registered Number 1157501) in England and Wales. The address of the registered office is given in the Charity information on page 3 of these financial statements. The nature of the Charity’s operations and principal activities is the promotion of social inclusion for the public benefit amongst young people who are socially excluded, by providing them with the means to participate in healthy recreation and with access to support services to relieve their needs and assist them to integrate into society.

The Charity constitutes a public benefit entity as defined by FRS 102. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the Charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes, when any such purpose has been communicated to the donor. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

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The Running Charity Accounts for the year ended 31 December 2021

Notes to the financial statements (continued)

1. Accounting policies (continued)

For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.

Where practicable, gifts in kind donated for distribution to the beneficiaries of the Charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed and an equivalent amount recognised as charitable expenditure.

Where the Charity is given facilities and services for its own use which it would otherwise have purchased, these are included in the accounts when received, provided the value of the gift can be measured reliably (see note 2). Where the gifted facilities and services would not otherwise have been purchased by the Charity and/or the value of the gift cannot be measured reliably, they are not recognised in the accounts but are disclosed.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings:

• Expenditure on charitable activities includes all costs incurred on furthering the objects of the Charity; and

• Other expenditure represents those items not falling into the categories above.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Support cost allocation

Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs, governance costs, administrative and payroll costs. They are incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources. Governance costs are those incurred in connection with the running of the Charity and compliance with constitutional and statutory requirements.

The analysis of these costs is included in Note 4.

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The Running Charity Accounts for the year ended 31 December 2021

Notes to the financial statements (continued)

1. Accounting policies (continued)

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. All assets costing more than £500 are capitalised.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer hardware	2 years
Mobile phone handsets	1 year
Office furniture	3 years

Stock

Stock consists of donations of sporting goods and equipment which are used by TRC in the delivery of services. TRC recognises stock at the lower of their replacement cost or recoverable value.

Creditors payable within one year

Creditors are recognised when the Charity has a present legal or constructive obligation resulting from a past event and the settlement is expected to result in an outflow of economic benefits.

Employee benefits

When employees have rendered service to the Charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The Charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Tax

The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it is able to take advantage of applicable Charity tax exemptions for UK corporation tax purposes.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is expected to be sufficient with the level of reserves for the Charity to be able to continue as a going concern. The Charity routinely raises finance through the year and the going concern assumption is reliant upon the continued success of these efforts.

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The Running Charity Accounts for the year ended 31 December 2021

1. Accounting policies (continued)

Financial instruments

The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Liabilities – accruals and other creditors will be classified as financial instruments, and are measured at amortised cost.

Judgements and key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

• Allocation of support costs

• Depreciation rates for tangible fixed assets

• Useful economic lives of assets

2. Income from donations and grants

Income from: Donations: - cash - goods - gifts in kind Grants Total income Income from: Donations: - cash - goods - gifts in kind Grants Total income	Unrestricted funds Restricted income funds 31 Dec 2021 £ £ £ 54,193 - 21,153 - 8,580 - 54,193 8,580 21,153 148,766 253,929 402,695
	224,112 262,509 486,621
	Unrestricted funds Restricted income funds 31 Dec 2020 £ £ £ 60,370 - - - - - 60,370 - - 32,240 187,628 219,868
	92,610 187,628 280,238

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The Running Charity Accounts for the year ended 31 December 2021

Notes to the financial statements (continued)

2. Income from donations and grants (continued)

Income comprised grants from organisations and donations from individuals. Restricted funds comprised grants which were provided for stated purposes, for example funding of specific staff costs or equipment.

Donations of goods relates to sportswear and equipment, most of which is used as rewards to incentivise the young people participating in TRC’s programmes.

Donations of gifts in kind relates to an office space in London donated to the Charity by St Bride’s Managers LLP from 10 May 2021. The office space was provided free of charge to the Charity, along with a discounted service charge. The gifts in kind recognised as income during 2021 comprise the market rental value of the office, along with the gifted element of the service charge.

3. Analysis of expenditure on charitable activities

Charitable activities Charitable activities	Activities undertaken directly 2021 Support costs 2021 Total 2021 £ £ £ 192,997 159,859 352,856
	192,997 159,859 352,856
	Activities undertaken directly 2020 Support costs 2020 Total 2020 £ £ £ 175,115 100,310 275,425
	175,115 100,310 275,425

£220,496 (2020: £204,878) of the above costs were attributable to restricted funds. £132,360 (2020: £70,547) of the above costs were attributable to unrestricted funds.

Total support costs of £159,859 (2020: £100,310) are analysed in Note 4.

The increase in expenditure compared with the prior year is primarily due to costs relating to:

• the new donated office space in London—including recognition of the gifted rent and service charges (Note 2);

• • an increase in staff number—in particular, establishing a staffed hub in Leeds; and

• increased in-person activity following the end of covid-19 related lockdowns.

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The Running Charity Accounts for the year ended 31 December 2021

Notes to the financial statements (continued)

4. Analysis of expenditure on support costs

Support costs - Staff costs - Office costs - Administrative costs - Entertainment - General costs - Governance costs - Legal, professional & licences - Meetings & events - Race entries - Travel Total resources expended	Total 2021 Total 2020 £ £ 98,861 73,733 24,837 - 5,398 4,487 27 29 18,287 13,647 3,060 3,000 3,255 2,962 922 679 2,414 1,112 2,798 661
	159,859 100,310

Governance costs of £3,060 (2020: £3,000) relate to the independent examination fee in the current and prior years.

5. Trustees' and Key Management Personnel remuneration and expenses

The Trustees neither received nor waived any remuneration during the year (2020: £nil).

The total amount of employee benefits received by Key Management Personnel was £54,658 (2020: £54,671). The Charity considers its Key Management personnel comprise the Trustees and General Manager. The Trustees did not have any expenses reimbursed during the year (2020: £nil).

6. Staff costs

Wages and salaries Social security costs Pension costs Total resources expended	31 Dec 2021 31 Dec 2020 £ £ 263,624 222,563 21,600 17,963 6,245 5,313
	291,469 245,839

The average number of employees during the year was nine (2020: seven). No employees received emoluments of more than £60,000 (2020: nil).

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The Running Charity Accounts for the year ended 31 December 2021

Notes to the financial statements (continued)

7. Fixed assets

Cost Brought forward at 1 January 2021 Additions Carried forward at 31 December 2021 Depreciation Brought forward at 1 January 2021 Charge in the year Carried forward at 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 8. Stock Stock Total stock	Computer hardware Mobile phone handsets Office furniture Total £ £ £ £ 3,279 650 272 4,201 - - - -	Computer hardware Mobile phone handsets Office furniture Total £ £ £ £ 3,279 650 272 4,201 - - - -
		3,279 650 272 4,201 (2,561) (650) (212) (3,423) (375) - (40) (415)
		(2,936) (650) (252) (3,838)
		343 - 20 363
		718 - 60 778
		31 Dec 2021 31 Dec 2020 £ £ 11,769 3,579 11,769 3,579

Stock comprised primarily of sports clothing, which is used during the Charity’s sessions.

9. Creditors: amounts falling due within one year

Other tax and social security Accruals Other creditors Total creditors due within one year	31 Dec 2021 31 Dec 2020 £ £ 6,642 6,026 3,060 3,000 1,248 1,098
	10,950 10,124

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The Running Charity Accounts for the year ended 31 December 2021

Notes to the financial statements (continued)

10. Movement in funds

Funded delivery roles: - London 1 - London 2 - Manchester / North West Funded head office roles Social enterprise officer Croydon programme Other projects Goods donations Total restricted funds Total unrestricted funds Total funds Funded delivery roles: - London 1 - London 2 - Manchester / North West Funded head office roles Social enterprise officer Croydon programme Other projects Goods donations Total restricted funds Total unrestricted funds Total funds	1 Jan 2021 £ Incoming resources £ Outgoing resources £ 31 Dec 2021 £ 9,838 35,890 (29,785) 15,943 5,672 61,990 (50,334) 17,328 13,322 107,039 (85,785) 34,576 - 28,678 (28,678) - 8,628 20,332 (25,524) 3,436 1,300 - - 1,300 19,943 - - 19,943
	58,703 253,929 (220,106) 92,526 3,579 8,580 (390) 11,769
	62,282 262,509 (220,496) 104,295
	198,663 224,112 (132,360) 290,415
	260,945 486,621 (352,856) 394,710
	1 Jan 2020 £ Incoming resources £ Outgoing resources £ 31 Dec 2020 £ 13,885 26,256 (30,303) 9,838 28,375 26,093 (48,796) 5,672 - 76,912 (63,590) 13,322 9,441 43,357 (52,798) - - 15,010 (6,382) 8,628 1,300 - - 1,300 19,943 - - 19,943
	72,944 187,628 (201,869) 58,703 6,588 - (3,009) 3,579
	79,532 187,628 (204,878) 62,282
	176,600 92,610 (70,547) 198,663
	256,132 280,238 (275,425) 260,945

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The Running Charity Accounts for the year ended 31 December 2021

Notes to the financial statements (continued)

10. Movement in funds (continued)

Unrestricted funds

Unrestricted funds are general funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds

• London 1 and London 2– for the purpose of funding staff costs relating to specific programme coach delivery roles within London.

• Manchester / North West – for the purpose of funding staff costs relating to specific delivery roles within Manchester, Leeds and the North West region.

• Funded head office roles - for the purpose of funding staff costs relating to specific head office roles.

• Social Enterprise Officer – for the purpose of funding a role in administration and relationship management.

• Croydon programme – for the purpose of funding delivery in the Croydon area.

• Other projects - for the purpose of staff training and enterprise development.

• Goods donations – relate to goods which have been donated to be used to further TRC’s charitable objectives.

11. Analysis of net assets between funds

Fixed assets Cash and current investments Other current assets / (liabilities) Creditors due within one year Total Fixed assets Cash and current investments Other current assets / (liabilities) Creditors due within one year Total	Unrestricted funds £ Restricted funds £ 31 Dec 2021 £ 363 - 363 301,002 92,526 393,528 - 11,769 11,769 (10,950) - (10,950) 290,415 104,295 394,710
	Unrestricted funds £ Restricted funds £ 31 Dec 2020 £ 778 - 778 208,009 58,703 266,712 - 3,579 3,579 (10,124) - (10,124) 198,663 62,282 260,945

13. Related party transactions

There were no related party transactions during 2021 or 2020.

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