The Running Charity
Accounts for the year ended 31 December 2022
Charity number.. 1157501
The Running Charity Accounts for the year ended 31 December 2022
## **Contents**
||**page**|
|---|---|
|Reference and administrative details|3|
|Trustees’ Report for the year ended 31 December 2022|4|
|Independent Examiner's Report to the Trustees of The Running Charity|9|
|Statement of Financial Activities for the year ended 31 December 2022|10|
|Balance Sheet as at 31 December 2022|11|
|Notes to the financial statements|12|
2
The Running Charity Accounts for the year ended 31 December 2022
## **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 Adrian Lobb (resigned 01/02/2022) Catherine Seymour Hamid Vaghefian (resigned 29/09/2022) Rachael Williams
## **Bankers**
Barclays Bank plc 60 Putney High Street Putney London SW15 1SF
## **Independent Examiner**
Cara Miller ACCA MHA 910 The Crescent Colchester Business Park Colchester Essex C04 9YQ
3
The Running Charity Accounts for the year ended 31 December 2022
## **Trustees’ Report for the year ended 31 December 2022**
The Trustees present their report and the unaudited financial statements for the year ended 31 December 2022.
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 five trustees.
During 2022, the Charity employed an average of ten full-time staff members (2021: nine). The Charity also continued to benefit from a significant amount of time donated by a number of individuals in the year to 31 December 2022, all on a voluntary basis other than the ten 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.
4
The Running Charity Accounts for the year ended 31 December 2022
## **Trustees’ Report for the year ended 31 December 2022 (continued)**
TRC operated three 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.
- Hardest Adventure events – Between January and September 2022, TRC ran a number of adventure challenges, designed by young people and our team to offer inspiring, trauma-informed residentials. Fundraising participants paid a deposit and raised funds for the Charity. In addition, 24 young people took part in 3 of these residentials.
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.
5
The Running Charity Accounts for the year ended 31 December 2022
## **Trustees’ Report for the year ended 31 December 2022 (continued)**
## **Risk Management (continued)**
- 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.
## **Achievements and performance**
During 2022, TRC operated programmes and sessions as detailed within _Objectives and activities for the public benefit_ . Programmes were run from our hubs in London, Manchester and Leeds _._ 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—young people and current members of the programme_
- The Charity provided 354 at-risk young people with access to health and wellbeing services. 157 of those young people became members of the programme (regular attendees). The Charity provided 9,396 hours of key work and development support and delivered 1,608 running and fitness sessions during 2022.
- 95% of young people engaging with the Charity have three or more mental health needs and four or more complex support needs. Impact assessments and surveys across the year have indicated improved mental health (91%), a more positive outlook on education, training and employment (74%) and reduced harmful behaviours (84%). Members have also experienced a 568% improvement in cardiovascular health, with 96% active and exercising regularly after working with the Charity.
- 77% of members are now in employment, education and training, compared to 36% of members when they first engaged with the Charity. 99% of young people improved or sustained suitable housing and 77% reported an increased ability to live independently. 78% of members reported that they are better able to manage their finances.
- 100% of young people participating in Hardest Adventure challenges reported that the residential gave them respite from their problems. 89% said it helped their mental health and 95% said it inspired them to try new things and set more ambitious goals.
## _Impact and outcomes—long term impact of engagement_
During 2022, we conducted a survey with over 40 graduates of our programmes to assess the long-term impact of engagement. The average time since participants exited our programmes was four years and one month.
6
The Running Charity Accounts for the year ended 31 December 2022
## **Trustees’ Report for the year ended 31 December 2022 (continued)**
- Accommodation and housing outcomes: 100% of graduates are in safe and secure accommodation. 95% have not experienced any form of homelessness since graduating.
- Education, employment and training outcomes: 94% of graduates are now in education, employment or training. On average, of the 49.3 months since exiting the programme, graduates have spent just 5 months out of education, employment or training.
- Health outcomes: 100% of graduates report a more positive relationship with their bodies, 81% still run regularly with 56% exercising over three times per week. 74% of applicable graduates no longer use drugs, with a further 26% reporting reduced usage. In addition, 100% reported a better understanding of their own mental health, with 95% managing their mental health in a more proactive and positive way. With regard to social isolation, 98% said they are now able to form more meaningful relationships.
- Crisis management outcomes: 97% of graduates reported that they can proactively deal with problems and feel they can manage a crisis better than before engaging with the Charity. 100% said they are more likely to seek support if needed, 98% are now registered with a GP and 98% reported increased trust in authority figures.
## _Impact and outcomes—front-line homelessness services_
Finally, we also conducted a survey with the front-line service organisations that we partner with. 100% of partners agreed that the Charity’s work has a positive effect on the overall outcomes of their organisation, with 80% saying that we enable them to better focus on their core responsibilities and front-line services. 87% agreed that the Charity saved their organisation money.
## _Infrastructure_
- In February 2022, the Charity employed a former graduate of the programme as a programme coach in London. The staff member organising Hardest Adventure challenges during 2022 left the Charity in October 2022.
- Following the recruitment of three trustees during 2021, two trustees resigned this year.
- Throughout the year, the Charity used a donated workspace in central London 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 2022, including:
- Barratt Homes
- Boost Charitable Trust
- David and Ruth Lewis Family Trust
- Dulverton Trust
- Flint Family Fund
- Laureus Sport for Good Foundation
-
- Lloyds Bank Foundation for England & Wales
7
The Running Charity Accounts for the year ended 31 December 2022
## **Trustees’ Report for the year ended 31 December 2022 (continued)**
## _Funding (continued)_
- Northwick Trust
- On Running
- Peter Kershaw Trust
- St Bride’s Managers LLP
- Yorkshire Sport Foundation
The Trustees and staff are immensely grateful to all of the organisations, donors and volunteers who have supported The Running Charity during the year.
## **Financial review**
The income for the year was £374,525 (2021: £486,621), consisting primarily of donations and grants. The decrease was primarily due to reduced availability of grant awards in the current environment.
Expenditure was £427,064 (2021: £352,856). The increase was primarily due to a full year of use of the donated office space in London (compared to eight months during 2021), an increase in staff numbers and a salary review performed in response to the cost of living crisis, and a full year of increased in-person activity following the end of covid-19 related lockdowns during 2021.
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 also be focussed heavily on fundraising during the coming year, having been affected by a more difficult funding environment following the covid-19 pandemic.
## **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 £342,171 (2021: £394,710), of which £222,331 was unrestricted (2021: £290,415).
Approved by the Trustees on 30 August 2023 and signed on their behalf by:
David McMurtrie Chair
Kathryn Donkersley
Treasurer
8
The Running Charity Accounts for the year ended 31 December 2022
## **Independent Examiner’s Report**
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022 which are set out on pages 10 to 21.
## **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: 1st September 2023
Cara Miller ACCA **MHA** Chartered Accountants 910 The Crescent Colchester Business Park Colchester Essex C04 9YQ
9
The Running Charity Accounts for the year ended 31 December 2022
## **Statement of Financial Activities For the year ended 31 December 2022**
|**Income from:**
Donations and grants
Other trading activities
**Total income**
**Expenditure on**
Charitable activities
Costs of raising funds
**Total resources expended**
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**Restricted**
**funds**
**31 Dec**
**2022**
**31 Dec**
**2021**
**Note**
**£**
**£**
**£**
**£**
2
143,639
205,776
349,415
486,621
2
25,110
-
25,110
-|
|---|---|
||**168,749**
**205,776**
**374,525**
**486,621**|
||3
(216,008)
(190,231)
(406,239)
(352,856)
4
(20,825)
-
(20,825)
-|
||**(236,833)**
**(190,231)**
**(427,064)**
**(352,856)**|
||(68,084)
15,545
**(52,539)**
**133,765**
290,415
104,295
394,710
260,945|
||10
**222,331 **
**119,840**
**342,171**
**394,710**|
All income and expenses derive from continuing activities.
The notes on pages 12 to 21 form part of these financial statements.
10
The Running Charity Accounts for the year ended 31 December 2022
## **Balance Sheet**
## **As at 31 December 2022**
|**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**
**2022**
**31 Dec**
**2021**
**£**
**£**
567
363|
|---|---|
||**567**
**363**|
||
12,734
11,769
340,929
393,528|
||**353,663**
**405,297**|
||
(12,059)
(10,950)
**341,604**
**394,347**|
||**342,171**
**394,710**|
||
119,840
104,295
222,331
290,415|
||**342,171**
**394,710**|
Approved by the Trustees on 30 August 2023 and signed on their behalf by:
David McMurtrie Chair
Kathryn Donkersley Treasurer
11
The Running Charity Accounts for the year ended 31 December 2022
## **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.
12
The Running Charity Accounts for the year ended 31 December 2022
## **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.
During the year, the Charity received deposits from and fundraising generated by Hardest Adventure participants (see note 2). These amounts are presented as other trading income.
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
· Costs of raising funds relates to the delivery of Hardest Adventure events (see note 4). This includes an allocation of staff salaries and other event expenses.
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.
13
The Running Charity Accounts for the year ended 31 December 2022
## **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 2022
## **Notes to the financial statements (continued)**
## _**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**
|**Income from:**
Donations:
-
cash
-
goods
-
gifts in kind
Grants
Other trading activities
**Total income**
**Income from:**
Donations:
-
cash
-
goods
-
gifts in kind
Grants
Other trading activities
**Total income**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**31 Dec**
**2022**
**£**
**£**
**£**
78,674
-
32,715
-
6,809
-
78,674
6,809
32,715
32,250
198,967
231,217
25,110
-
25,110|
|---|---|
||168,749
205,776
**374,525**|
||**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**|
15
The Running Charity Accounts for the year ended 31 December 2022
## **Notes to the financial statements (continued)**
## **2. Income from donations and grants (continued)**
Income comprised grants from organisations, donations from individuals and deposits from and fundraising generated by Hardest Adventure participants. 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 2022 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**
**2022**
**Support**
**costs**
**2022**
**Total**
**2022**
**£**
**£**
**£**
217,983
188,256
406,239|
|---|---|
||217,983
188,256
**406,239**|
||**Activities**
**undertaken**
**directly**
**2021**
**Support**
**costs**
**2021**
**Total**
**2021**
**£**
**£**
**£**
192,997
159,859
352,856|
||192,997
159,859
**352,856**|
£190,231 (2021: £220,496) of the above costs were attributable to restricted funds.
£216,008 (2021: £132,360) of the above costs were attributable to unrestricted funds.
Total support costs of £188,256 (2021: £159,859) are analysed in Note 4.
The increase in expenditure compared with the prior year is primarily due to costs relating to:
- a full year of donated office space in London, compared to only eight months in 2021;
- an increase in staff numbers and a salary review undertaken in response to the cost of living crisis; and
- a full year of increased in-person activity following the end of covid-19 related lockdowns during 2021.
16
The Running Charity Accounts for the year ended 31 December 2022
## **Notes to the financial statements (continued)**
## **4. Analysis of expenditure on support and other costs**
|**Support costs**
-
Staff costs
-
Office costs
-
Administrative costs
-
Entertainment
-
General costs
-
Governance costs
-
Legal, professional & licences
-
Meetings & events
-
Race entries
-
Enterprise development
-
Travel
**Total support costs**
**Costs of raising funds**
-
Staff costs
-
Other Hardest adventure costs
**Total resources expended**|**Total**
**2022**
**Total**
**2021**
**£**
**£**
109,490
98,861
38,312
24,837
7,017
5,398
-
27
20,045
18,287
3,360
3,060
3,788
3,255
256
922
600
2,414
2,217
-
3,171
2,798|
|---|---|
||**188,256**
**159,859**|
||14,129
-
6,696
-|
||**20,825**
**-**|
Governance costs of £3,360 (2021: £3,060) relate to the independent examination fee in the current and prior years.
Enterprise development costs relate to the set up of an in-house fundraising platform.
## **5. Trustees' and Key Management Personnel remuneration and expenses**
The Trustees neither received nor waived any remuneration during the year (2021: £nil).
The total amount of employee benefits received by Key Management Personnel was £58,046 (2021: £54,658). The Charity considers its Key Management personnel comprise the Trustees and General Manager. The Trustees did not have any expenses reimbursed during the year (2021: £nil).
17
The Running Charity Accounts for the year ended 31 December 2022
## **Notes to the financial statements (continued)**
## **6. Staff costs**
|Wages and salaries
Social security costs
Pension costs
**Total resources expended**|**31 Dec 2022**
**31 Dec 2021**
**£**
**£**
302,295
263,624
26,243
21,600
7,220
6,245|
|---|---|
||**335,758**
**291,469**|
The average number of employees during the year was ten (2021: nine). No employees received emoluments of more than £60,000 (2021: nil).
## **7. Fixed assets**
|**Cost**
Brought forward at 1 January 2022
Additions
Carried forward at 31 December 2022
**Depreciation**
Brought forward at 1 January 2022
Charge in the year
Carried forward at 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021
**. Stock**
Stock
**Total stock**|**Computer**
**hardware**
**Mobile**
**phone**
**handsets**
**Furniture**
**and**
**equipment**
**Total**
**£**
**£**
**£**
**£**
3,279
650
272
4,201
-
-
756
756|**Computer**
**hardware**
**Mobile**
**phone**
**handsets**
**Furniture**
**and**
**equipment**
**Total**
**£**
**£**
**£**
**£**
3,279
650
272
4,201
-
-
756
756|
|---|---|---|
|||3,279
650
1,028
4,957
(2,936)
(650)
(252) (3,838)
(343)
-
(209)
(552)|
|||(3,279)
(650)
(461) (4,390)|
|||**-**
**-**
**567**
**567**|
||||
|||**343**
**-**
**20**
**363**|
|||**31 Dec 2022**
**31 Dec 2021**
**£**
**£**
12,734
11,769
**12,734**
**11,769**|
## **8. Stock**
Stock comprised primarily of sports clothing, which is used during the Charity’s sessions.
18
The Running Charity Accounts for the year ended 31 December 2022
## **Notes to the financial statements (continued)**
## **9. Creditors: amounts falling due within one year**
|Other tax and social security
Accruals
Other creditors
**Total creditors due within one year**
**10. Movement in funds**
**1 Jan**
**2022**
**£**
_Funded delivery roles:_
- London 1
15,943
- London 2
17,328
- Manchester / North West
34,576
Funded head office roles
-
Social enterprise officer
3,436
Croydon programme
1,300
Other projects
19,943
92,526
Goods donations
11,769
**Total restricted funds**
**104,295**
**Total unrestricted funds**
**290,415**
**Total funds**
**394,710**|Other tax and social security
Accruals
Other creditors
**Total creditors due within one year**
**10. Movement in funds**
**1 Jan**
**2022**
**£**
_Funded delivery roles:_
- London 1
15,943
- London 2
17,328
- Manchester / North West
34,576
Funded head office roles
-
Social enterprise officer
3,436
Croydon programme
1,300
Other projects
19,943
92,526
Goods donations
11,769
**Total restricted funds**
**104,295**
**Total unrestricted funds**
**290,415**
**Total funds**
**394,710**|**31 Dec 2022**
**31 Dec 2021**
**£**
**£**
7,344
6,642
3,360
3,060
1,355
1,248
**12,059**
**10,950**
**Incoming**
**resources**
**£**
**Outgoing**
**resources**
**£**
**31 Dec**
**2022**
**£**
20,000
(33,192)
2,751
55,000
(49,910)
22,418
117,967
(95,581)
56,962
-
-
-
6,000
(5,704)
3,732
-
-
1,300
-
-
19,943|
|---|---|---|
||92,526
11,769|198,967
(184,387)
107,106
6,809
(5,844)
12,734|
||**104,295**|
**205,776**
**(190,231)**
**119,840**|
||||
||**290,415**|
**168,749**
**(236,833)**
**222,331**|
||||
||**394,710**|
**374,525**
**(427,064)**
**342,171**|
19
The Running Charity Accounts for the year ended 31 December 2022
## **Notes to the financial statements (continued)**
## **10. Movement in funds (continued)**
|_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**|
## _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. During 2022, these roles were funded entirely out of unrestricted funds.
- Social Enterprise Officer – for the purpose of funding a role in administration and relationship management. During 2022, this role was primarily funded out of unrestricted funds.
- 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.
20
The Running Charity Accounts for the year ended 31 December 2022
## **Notes to the financial statements (continued)**
## **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**
**2022**
**£**
567
-
567
233,823
107,106
340,929
-
12,734
12,734
(12,059)
-
(12,059)
**222,331**
**119,840**
**342,171**|
|---|---|
||**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**|
## **13. Related party transactions**
There were no related party transactions during 2022 or 2021.
21