R¢91st•r numbor: 119478983 Charlty number.. 1171212 THE LONG RUN IA company limited by guarantee) UNAUDITED TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE LONG RUN (A ¢omp•ny Ilmit by guarants•) CONTENTS Paga Reference and admlnlstratlve details of the charlty. Its Twstaes and thfvlsors Trustees. report Independènt examln•rfs rèport Stat•m•nt of flnancSal activiths 2- 11 12 13 Balance sheet 14-15 Notes to the financlal $tatem•nts 16-27 The following pages do not forn) part ol the staiuEory fmancial slalements: Charlty Detalled Income and eXndIture account and summaries
THE LONG RUN IA company Ilmited by guaranteè) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees P FelW)org {rgsigned 25 July 20231 L Cottar H Hain IreswJned 25 July 2023} S M Cratg Dunand {app(¥nled 25 Juty 20231 M Rafiq 1app0lnt 25 Juty 20231 Company reglstergd numb•r 09478983 Charlty reglstsred numbèr 1171212 Registergd offleè Th8 Old Tannery Hènsington Road Woodslo¢k OX20 1JL Page 1
THE LONG RUN {A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees prasènt th8ir annual raport I[1hr th financial slatements of tho The Long Run for Ihg 1 January 2023 to 31 Dèeèrnbèr 2023. The Anrtual rèport sÈNès Ihè purposes of bolh a Trustees, report and 8 directors. report under company law. The Trustees confirm Ihat the Annual repcrft and financial $18tèments ol the eharltabla company comply wth the Current stalutory requirements. the quirementS of the ch8rlt8ble companls govèrning document and the provFSK)ns of lh8 Stalemenl d Rewnmended Praclice ISORP} applicable to charities pr8P8ring their aG¢wnts in a¢dance wrth thg Financial ReFxMting stal8rd applicable in th8 UK and RepublK of Irdand IFRS1021 (effective 1 January 20191. Sinc8 the charity qualif5 as small uThJer seclion 382 of the Companie5 Act 2006. Ihe Strategic report required gf medium and large companles under Ihe Companies Act 20( IStral8gi¢ R&port and Directors, Roportl Regulations 2013 has been crfnitted. Objpctlves and actfvttl a. Po15cles and obJecUves Th& vision of The LoThJ Run is to envis1c a r1d in which 'Businoss, NatLwe and Peopl8 are hBrmoniousty workino together for a SListsinable fLrture'. The Mission of Thè Long Run ts to sèek to support. )nScI inspire nature-ba5ed businesses to excel In following the highest standards of svstwnaL¥lity encompassing ¢servation, Community, Culture and Comm8rcè14Csl and to colkntwety influence olheTS to take up best wleeS for a sustainable future worlthde The principle objectives of Ihg thaTity are set out in the Memorandum and Arbcle5 of Associalion and con'n¢ to promote sustainable development Ihe benefft of the public w(xklwde regarding the CC publ benefit 9uid8n¢ thg folknwings=. The preservatKn, WnservalK and thg prot8cli(Jn of the TrIr(ment and thè pru¢J¢nl use of nalural resources. The rebef of povefiy and the improvement of ihe coTrYrtis of life In Social and disadYanl8ged communitie8. The preservation advancement of culturè. arls and Iwilage. The promotion of sustainable means of achieving economic 9ro%rfh arld regeneration. The advancemènt of the •jucatiC of the public in subjects refating to nature conserv31ion and suslainable developm8nt. Su$tsinable dèv8low8nt means 'development vthith meets the needs of the present wlthout cornpromising the abilty offuture generation to m8et their thvn needs.. In setting objectives arvj 8ning for aBbwknes. the Trustees Iwve given due consideration lo 9on8ral guidance published by the Charity Commission relating to publr ineffit. indwjing the guhjance 'Put4ic benefit.. running a tharity IPB21'. Page 2
THE LONG RUN IA company Ilmlled by guarants•) TRUSTEES. REPORT ICONThNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Oblectives and actlvltles IcontiDuedl b. Stratsgi•s for aehlèvlng obJectSves Thanks to th8 generous support from and co1laboralTc Preferred by Nature, The Long Run has been 8ble lo withstsnd Ihe COVID storm. develop its syEtems. strengthen its Credi1lity. and èxpand its reach in the lost three years. In 2023 The Long Run reshatKd its ¢x)IL4txratTh Kryth Preferred by N8tur& to be a lechnic81 partnership. Taking this change into considerati, Th¢ LorvJ Run strategic priorilles and objeclrves In 2023 were to.. Comete the separalion Irom Preferred by Nature. ApFx)inl new dire¢tors. Reisit The Long Run's regional grovAh stralegy to increase its impact. Strenglhen The Long Run's finanrial resligrfé and grow ths or9anisath)n to re8ch sew-sustainability by 202712028. Strgngthèn sènse ol eommunty. eNJagement. and exthange acrc65 membets. Continued support tts èxpaNI Cons8rv8tiDn and Community impacts in meM1r$, 18nd%cap8s as well as across the i(MJrism sector. Continu8 Th• Long Run's advocacy and leadwship role in prom[9 naturtrbased solution in Ihg 119ht of the blodivérsity and elim8te crisis. Strengthen leadersl¥p rolg in sustainthlty. based credibility and rig)ur. bènchmarked by the Global Ecosphere Retreats@ GER) stsndard. Rewew and slr¢nglhen TLRS brand and 4C frarneWck. Lead through impact. c. ActSvltles undertakan to aehleve obj8etlYè$ The Long Run's actiwties are as f(Ab)vs'. BringirvJ tether a global community of peop committed to Oin8è biodiversity and Improwng the wellbeing of people through small tourism enlerprises. Promoting learning and excharye. Providing thnl¢al asslsiance to help conseNanryes be change agsnts. Rigorous standard {GER} to) mainstream best p¢$ and expanding ¢oll$¢lw wsttive Impacts. Be a collective voice to change business atlitudÈs. Achlo¥èm•nts and perfomiance a. Maln a¢hltrv¢mnts of th• eharlty While many wnembers of The Long Run resumed business by Jur 2D22. 50mo countries dwj not fulty'recovèrt Irom COVID pandemic until 2023. However, The Long Run pItalIZed C the strength of its Gommunity, bought lh9 cominunity dosgr together and assisted its members to atrAt• their sustainability work in 2023. In addilK)n lo The Long Run's core aGtivrbes. the folk)wiThJ was carried our. Transferred knoedge and best pract èxamrAes through 14 expert4d webinars. paitiripatlon to co[eall0 and travel ¢onferences, provision of case stleS #nd insyhts to le&ling travel and c(Msevvlon ograms le.g GSTC. UNWTO, WTTCI. Stimulaling the adoplion of Fwbve irnpact pltIc6S on natur8 8nd people by mentorin9 four groups of enterprises through training rourses and master classes. reachiro over SO gnt¢fprises. Kick starled the remsion ol the GER starKlard io ensuro that it remains a a sustainabllity assuraneè standard and in5PITe5 best practice within the 4Cs. Page 3
THE LONG RUN
{A company limitèd by guaranteo)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Achlev•m•nts and pgrlornian Icontinu•d)
Created 0py0rtunio$ for membgFS to demonstrate thal tourism (an be 8 forcè for good.
Hosted regional and global event to foster cross-FX)Ilin8lron, exthange and learnlng to drive innovation
and best practice witfvn the membership and beyond.
Further devel
THE LONG RUN IA company Ilmlted by guarant••> TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢hievom¥nts and rf¢m1•n¢0 l¢ontinu•d} In 2023. the tailored supp)rt provided to date to wopth members (Feknv Members and GERS) was extended lo Trav81 Partners IDMCS. Tour 0ratOrS and travel desi9ners} as the Organation b81i8V8S that through ollaborakn've efforts across the walue thain. The Long Run can CUlvate a wbrant ècosystem ¥there suslainabilily lakes precedence, eM[ring business to calalyse posib.ve chaThJes across all f8cels ol our C[all0nS. Advoca and leadershi The Long Run team continued to disseminate learnings and knoedge wlh règards to tourism arTrd thè importance ol driving positNè change In the nalure businèsses ae sUrroU8d by oi impact and thè communities they are working with. For examp, Th8 Long Run submiit8d over 20 case St110$ to the World Travel and Tourism Council about the tourism's potenb'al to realEe natur& positivity. Through its partnership wilh W8èva th6 Latin America Travel AssoC#at, The Long Run ran Iwo MaslerGlasses involving over 150 p$orA• In strat8gic sustainabilty planning in p8tson and virtual. Prior to The LoTrJ Run's ann[1 meeting of member8. The LorvJ Run hosted an event in Singapore inmting m6mbers, conservation groups, and impacl investors for an event aboul 'Green Finance and Tourism.. How to Makg it Work lor Biodwersity. During Iho h4Jf-day workshop. participants deed into how consèrvation and sustainable tourism projects Cal) better a{X impact investors. arKI how Ihe finance seclor can dalivèr bètter results for people and nalure. The InsilS underscored the UnpOrtan of a holist approach lo deliver results. and the need lo br#Jge the gap bebmeen sMalr. htqhty impacfful o)n5emtx)n and community projects and 18rger-scale investors. Membershi Aclivlties of The Long Run are divided inlo fryjr funcliort5 lorganizational dèvglLymenl. membership coNdination, tÈchnical 8sslst8ncè, and marketlrwJ & communication). Membership coLwdination is core to thÈ ganisabon and includes screeniThJ pot8ntial m6mb8rs lo ènsurè alwjnment and en5urirrfJ continuous and supportive engag8ment of members. Membershlp $t4tu$ At the end of 2023, The Long Run counted 77 members & partners 142 destInath" members, incl¢Jding 11 GER@, 31 Fdlow Momb8rs. 22 Tfavgl Partners and 12 Affithates). Th8 Long Run welcomed four new Fellows. four new Travel Partners in 2023 And onè Fellow Members becam GER@, Gelpbratlng their achievetngnts as centres of excelknce in holislr suslainabilty. driving positive impacts on ecosystsms. people and culture in thgir landxape Opportuniti9s to got involvod in The Long Run Travel Partner cal The Long Run Travel Parther category was crealed in 2020 and continL*I lo grow. The category was estsblisheil in response to increased gnquiries due to, al the ImpanCe ol sustsinatiSty for resilien¢g. and bl the leadership of The Long Run th regards lo respon3blg tourism arKI PPA%. The calegory airn8¢J to accommodate the and inleresis of these organizatKms, expand The Long Run's positive impad, and insFire change towards suslainabilty and dimatè Èrjion mor8 broadly in the tWTism sector wthwl dilutin9 the we membership. By the of 2023, 22 Travel Partners wéré part of the Long Run community. Page 5
THE LONG RUN (A company Ilmii•d by guwants•) TRUSTEES. REPORT ICONTiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achi•v•m•nts and perfomiance Icontinu•d) Group Affiliate Membership was establishgd in 2019. which represenis porffoli95 of woperties which would liké lo engage wlh The Long Run as a group. enabIN Ihem lo embed the suslainablliLy etlKJS ol the Group permeates the collection. In addition to one nature-ba5ed pr¢wrty joinimj as a Fellow Mernber, Thè Long Run would work with HQlcentral fijnclion. which, in turn, wll act as a 4Cs hub lo support all its propertFÈS Wthin th6 Group Membership and continuousty strengthcn tr[r sustainability wformance using the fTarnerk of the 4Cs. Discussions about Ihe expansion of The Long Run's Servi to mwnbÈrs w8rè not finaliz8d in 2023 and will be further discussed in 2024. Technlcal asslstancg and exchan9e Provldlng 18lkJred thnICal svpport lon1e and on-sitè) remarns a core Puse of The Long Run. The loam of experts and a sd8eboft of m6mbrs hèlp mèmbérs io shap8 and r88th thèir sustainabih'ty goals. On-site visits land remote supportl help members &JdresS SUStainablY challenges and eslabli%h a road map to achieve long lerm conservation aThJ community development goals. In 2023, The Long Rvn tgam supptytsd members over 250 hours of onsite and onllne lechnical support and visited 11mernbers lo support the 1K)Is'C application of the 4Cs, strategic plans. and OgresS towards the Global Ecosphere Relreai@ certification. Moving towar(ts greater sustainability in Ihe t(MIr[ and conservation sector entails the need for gre8t8r transparency and belter tracking of impact. At lh8 initiatNe of membets. Thè Long Run lesled the imF4ementation ol an impact stalement, shoKasir¥J how traveller's t411 spending support thè local economy. and he achleve rx)sStive Impact on natsjre, people. and Cultu at The Lcg Run destinations. This was launched in Juty 2022 year with upt8k8 of seven m8mber5 and further membws working on impact statement. Fine tuning and refining Ihe irnpacl statemenls wa5 0)ntsnued in 2023 and the oxpansion ol this service to Travel Partners will be explored in 2024. Mentorlng tourlsm ¢nterpris•s outside th¢ momborship to embed $y$tsinabl• practEc•s. To seale up access to knowledge and uptake of sustainable practsees the tourism sector in order lo conlribute to addressing th8 climat$, tyodiversty ¢risls. furthor &fforts aro ling mad? tg develop accessible resourc85, tools, and mentoriro. Th8nks to 8 GIZ grant which supported Th8 Long Run develop and pl a training material lo support tourism enterprises embed sustainability in their operalKJn. The Long Run wa5 able to make a modular training on $trategic planning lor sustainabilty avaikble onle for selfyced access. In tol81. in 2023, ov&r 60 people ¢ompleled the free Strategic Planning Traning online. SubSeqU11y, LATA (Latin Ameran Tourism AssoCian) worked akngsKle The Long Run to strengthen the ¢)ursg. making It more r¢lovanl to the diverse nature of toutism's value chan, more user friendly 85 8 sèlf holp course and piovidirvJ a consislenl method lo plan. exeGute. and communicate sustainability efforts to a widar audience of touilsm enterprises. The Long Run leam vrds able to menlor three groups ol tnty LATA members through the troinill9. In 2023. Tho Long Run a150 set up a wbt belb%*¢n LATA and Embratur Ilhe Brazilian Tourism Minislryl lo expk>re lo vthat extonl th8 conlenl could Telewanl for Brazilian toUrM busliesses, At the end of 2023. discusSn$ were slill ong)ing tyjt Ihe course cOntt mwJht be translated into Portugues8 in 2024, further increasin9 its reach and impact. Page 6
THE LONG RUN IA company limrted by guaranle•) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievèments and pèrfomianc• (contlnuedl Support through exchang• Thè Long Run's most Èffècl've vmy in driving impacl at landscape level is supporting members, exchange bolh rernolely and face lo face. The Long Run gnGoLJfages rnembers to innovate. brainslomi. arn from each other. and gel insixred by one another, and thereby llp alerate chawe. Monlhly 4C calls inspirg and inlorm. These dIan webinars capItale on tha expertise of Thg Long Run's Members and Pariners by PTOVKling fflembets with unKiue vwpolnts and insights. To facililale learning and exchange sèventeen calls aThJ webinars were oryanised. enabllng memters to Share strotegies. innovativa solutions, and expert insighls lo susiain 4C work amongst The Long Run community. In 2023, The Long Run hosted 14 expert-led wotynars on current issues and to5 incluthng Pit¢hin9 Posilivg Imp8Ct Slori83, Understanding Indigenous Tourbsm, and Mèasurfng Carbon. Connecliny fftembers wmh one another and wth relevanl external orgJniiations Is arso an important part of The LoTrJ Run's missK)n. To encthJrag8 further exchaThJe wth regards to nServaln and community dÈvèlopmenl iniliatives, the Lg Run factlilales rwJion81 Coll8btI0n. In 2023, one in-person Nvo-day East Africa hub meellng was held. at Sasaab, Kenya. a GERÉ) Mernber. gnd the-day in person maètlng was held al Wolwèdan5, Namibi8. bringiffj togèther over 14 parbapanls within Easl Alrica and 17 partipants in Southern AfriGq respective. sèThès ol fwr ragic¥)al hub meetings were h4d rèmotely to inlcwm The L9 Run strategy, idenlify areas of CollaratIon and prKJrity act5 for 2024. Flnally. In 2023. The Lor¥J Run's anThJal meeliro brh1 together varbjs over 50 memtxr5 representing nalure.b8sed tourism Ixjsinesses workJw"de. Ouring the four-day evenL m8mb8rs got a chance to experlence the 4Cs in aclion at Nikoi IslarKI Ilndonesia) and h1 the opporiunity to learn. sh8re. exchange ideas around thls yoar's Ihgmg of"Cwting Resblience IOgh DNerSffiCalir. COllAttil. Lcffig-Terrn Planning". Communlcallon Our communication and marketirvJ straiew showcasgs lh8 $usl8inatiltty commiim9nl of our mèmbèrs and disseminates 4C leaming. Through this, The LoThJ Run seeks to drTve positN¢ impacl on nature and pèc¥)18 by encouraging others to embed sustain8bility at the heart of Iheir operat#ms. In 2023 The Long Run fttused on vo audiences.. Polential members. arkj Travel Partn8rs. Cornmunicab'on ith our mèmbèrs is corè to maintsining a see of community. transp8rgn¢y. and accountability. In The Lcw, The Long Run monthly roundup was sent lo keep our M&mr$ infomied ol the organirdli(x)'s progtsss. In 2023. we cdebrated the work of our mornbors, provwjed case stud$ and 5pokÈ at laadiThJ industry gv8nts and 98in8d prass m8ntions indLhJing Latin American Travel Associaiion. TTG Media, UNWTO. Glasgow Declaration, Travd and T(yJrism Ccwjncil, Workj Bk. AFAR. and Sustainable Travel and Tourism Agenda Kenya.Our social media reach excee(kd 1.lKl peoFle across Linkèd In and Insiagram, helping diss8minal8 8nd d8monstrate best Practices. P898 7
THE LOMG RUN IA c4)mpany Ilmltod by guarant•e> TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievèmènts and rtolanCe (continued) Grants and donations In 2023, the Long Run disbursed restricted fUling to supw)rt its GER@ member Se9era's Zeitz Foundation work in suppwtir¥J local c0mmL1ty school infrastructure in Kenya. £84.933 was disbursetj. In additK)n, £8,000 was CeIVed from Suzan Craig and LtyJise Collar Io Sukwt The Long Rurt's CO operating budget. To acog1grot8 The Long Run's work and impact. the OrgatIOn obt8in8d a soft of £170,000 with Ni8nova Limited on 26th Seplember 2023. at a finan fee of £8.500 Iplus VAT if applicable) lo enable the organizalio to be financialty resilient. The kjan wll be distAJrsed over three y8ars ITranth8 1.. £80,000 on 1 D8cèmb8r 2023., Tranche 2.. £80,tM)O on 1 December 2024: Tranchè 3.. £30.OOD on 1 December 2025) and is repayable from 2027 as followng.. 31 December 2027: £5,000,. 31 December 2028.. £25.000,' 31 Decembèr 2029.. £55,OLN): 31 December 2030.. £85.000. b. Rovlow of *¢tlvltl•$ Total funds received in 2023 we £244.99912022.' £182.2701. Restricled funds received werè £87.40312022: £83,619) these lunds were for the purposè of a ConSU aTh1 Educational Ptoject. During th8 yè8r £84.933 was spewil one Conservation and Education projèct 8s spècif by the donor. The finanoial position at the balance sheet dalé was positive 01£230 {2022'. £3). Flnanclal review a. Golng concern After making appropriatè ènquirias, the Truslees have a reasonable expectation that the charity has adequatè rèsources to conbrwe in cyer8tion81 exislgnGg for Ihe foreseeable fulure, For this réason. they continue tD adopt the going eoncarn basis in preparing the financial slat9ments. Further details reg8rding the adoption of the goiro concern basis can be fi)und in the accounting Kies. b. Reserves pollcy The Long Run had airned to st8rt èstablishing a reserve pohcy bul this has been made difficult in 2023 due lo the organlzatlonal changes. However, thi5 wll bo a pri fw 2024. Pago 8
THE LONG RUM IA company Ilmlt•d by guarantse) TRUSTEES. REPORT ICOP4TINUEDI FOR THE YEAR ENOED 31 DECEMBER 2023 c. Future Plans Basad Irn1Th h 2023, internal refic and the global contexl and the OrganEa1ial Ghange, foujs f£ 2024 wll be lo strengthen inlgrnal ¢ffioencies aThJ operatic¥)s, and leverag8 more effectively the opporlunitie5, knowledge, and capaaty ol our organisation to strK)wcase, help lead positive change, guided by the regional growth and expansion stralegy. The focus will be on kxjkiry for ffltsrè èfleclive str8tegies to accelerate changè in the contexl of the dimate ar¥J bKwJNersity emergewes and expand The Long Run membershlp to 8pprox. 200 members by 2032. Proposed strateoles for 2024 are.. Growlh In membershlp - lo stiéngth8n Impact m(Ke wdety. disseminate the 4Cs and grow cOme. To be more effeclive and eificient we will facu$ on -ea$y lA. 8ws whefe The Long Run wouk1 have most impact 8nd Is partlcularly Suit to e.g. Africa. Latin Amwica. SE Asia. Growlng awaren3 and Inter1 In Naturè Basèd Solutlons- explore avenues to grow interest in investlng in biodlvety conservaiionlregener8li¢M in priority area5. leveraglng our currént members. nelworks and partnèrs. Continue showcasing, éisseminaling information, and engaging %Mth the ¢orporatO Se¢tor will be key. Growth and Spread of the 4Cs- fiKus on padIng Ihe 4Cs concepl bend our membership through oth8r fteorks and partnerships- especialty through travd partners and Preferied by Nl8ture networks. Online Irain1ng material. th¢ Impa¢t Bills and other tools promotiTrJ transpar8ncy will b8 imporlanl resourGes tts hdp spread and Tnspire others to tska up 8 holislk ap[ach to suslairrdbility. Growlng leadershlp encour buikliro #d&rship at I(1 levels, emp(wering people to drive change. especially glve members, staff confthnce to Push for th8rt90 in their O*Tt communlties. Thi8 by deveknping resources to help 8rnpow8r pèoplè al th& local levd. Growlng r&slll•nce of the organi¥ation - Tho Long Run will ntinue focusing on Cost offnCle$, exploring opportunitS lor project funding as well as gr( its mgmbgrship Structure. govgrnance and management . Constitutlon The charity is controlled by its govgrning doDJment, a deed of trusl ¢mstitut•s a lirnited company, limited by guarantee, as defined by the Companies Act 2L)06. b. Mgthgd$ of appointm•nt or electlon of Trust The managemer7l of th6 chadty Is the reskyty of the Tte8 are elected and eo-optéd undef tho temis of the Trust deed, Page 9
THE LONG RUPI IA c¢)mpany Ilmh•d by guarants¢) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENOEO 31 DECEMBER 2023 Strnctur•. 90¥gmanc• and management {contlnuedl . Organisatlonal structure and dtcislonwmaklng pollclts The Long Run is membership baséd. The Long Run membership is mainty institutK>nal. but indNiduals may also be admitted. InsliiutNJ)al members beknng brts8dty to threg Catort¢S." Fellow eMrS Inaiure.ba5ed tourism Ènterprises that own, directly manage or swJnifranlty influerKo the managernent of a nalural area of conservatiorb valijel. Gk>b81 Ecosphere Retreats@ are IFellow Members who have achieved rownition from The Long Run as being in comtAiancg Wrth Ihe requir8Tnènts of the GERQ) Standard) and Affiliate Members I organlzations that are alhJned a1 support The Long Run by providing expertlse and assistance in growing The Long Run globaltyl- Partners indude Travel Partners, organisations vdhith aro committed to sustalnability aNI Sell travel. The dSreolors of the CCpanY are also charity trustees for thè purKM)se ofcharity law. Measures are in pl8ce to ensu thal onty truSr1hY ppIe are appclnled. Tse incde tsking up r8f8iance5 and carrylng Dut due diligence thecks. The Long Run Board of Tmstees is composed of at st three memtxrs aThJ no more than 12. The Trustees meet to four timès a wr and a resrxmsible for the strategi dir&con and policy ol charity. At thè timÉ of writing th8 Board had Ihree m9mbers. irKkJdiny two GER@ member. Thè Board of Truste85 IS $LJPPOrtèd by Iwo Èxtèmal 8xp8rt from the Niarh)va leam. An knisory Council comprised of Ihre6 to six elected members as well as extemal ¢xp¢rts wll be established again in 2024 to me8l a year and ensuie that m8mb8rs' consultation in SpeCTf strategic matters of the organizalion, is conslder8d and industry Irermjs and Ihought teadèrship in the industy is m8intsined. The board 15 composed of: S. Craig M. Rafiq L. Cotlar d. Flnanclal rlsk managÈm•nt The Iruslees have considered Ihe major ri5k5 to which thè charity is exFosed and havè reviewed Ih08e risks and establi8h6d syst6ms and procedures lo mana99 risk5 as folk)ws'. .Ensure ils activities are in lino With ils stralegy and matwjate and delivered wthi¢h ar& regularty reviewed .Carefully monitor its progress and budget .Expk)nng opportunibos ¢Jiversityng incrne streams, pot8ntiany thr(AJgh fee pa*iThJ services aThJ increasing focus on grants -Implement proCedUS to prevent the ch8rity to thè VtsM of financial fraud and ensuie actiwties remain in line with The Long Run tnissK)n and vision -Establish regular communicalson wth members Th8 Long Run is limit by guarantee aTrJ FS governed by its Marnorandum and Articles of Association and registered as charity on 19 January 2017. Page 10
THE LONG RUN (A company Ilmll•d by guaranteo) TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of Trustees. responslbHllles The Trustees Iwho are also the directors ol the tharity for the wrposes of cornpany lawl Bre respon8ible ft)r prèparing tha TnJste8s' report and the financial statements in accordance with applieabl8 law and United Kingdom AceountiThJ stalards (United lfjn9dom Generally A(wled Acwjnting Practice). Company law requires the Tru51ee5 to epa financtal statements for each financial . Under company law. the Trustees must not approve the financial statements unless they are salisfied that they give a true and fair vi of the stale of affairs of Ihe charity and of its incoming resourees and applKation of resources, Inchjding its income and expenditure. for that penod. In prepariNJ Ihese financkil Sla18mts. ttr Tnjstees are r8qulr8d to.. select suitablè accounting lIe$ arKI then ar4)ly them consistently.. observÈ thè methods and principl&s of th& Charities SORP IFRS 1021.. make judgmènts 8nd accounting ostimat6s that are reasonab and tKudent,' state whélh8r 8pplicabl& UK Accountin9 Standards {FRS 1021 have been Idh)wed, subject to any maieri21 dapartuiès disck)sed 8nd explairled in the financial statements.. prÈpsrÉ tha financial statémènts on going corKem basis unless It is inappropriate lo pr8sume that Ihe eharity wlll continue in business. The Trustees ar8 resFKJnsible for keeping adequate accounting records that are sufficient lo show and explaln the charitys transacti'ons and disc105e with rea5able accuracy at any tirne th8 fin8nGial position of the charity and enable them lo ensure Ihat the fanCIal statements wlth the Companies Acl 2(X)6. They are also responsible f(K safeguarding thè asseis ol the charity and her for taking reasonab steps for thé prèv•ntion and deteclh)n of fraud and other IrrÈgularfts. Approvwj by order ol thg membBis of the L¥Jard of Trustees on 16 May 2024 aThJ signed on their behalf by: L Cotlar Page 11
THE LONG RUN {A company Ilmlt•d by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Ind•p•nd•nl 8xamin•rfs report to th? Trustees of The Long Run I'tho charrv) report Its the charity Trustees my examination of thè a¢xounts of Ihe charity for the year endeo 31 De¢ember 2023. Rèsponsibllltlè$ and basls of r•wt As the Trusle8s of the charity {and Its directors for the purposes of company law) you are responsible lor Iho preparation of the accounts in accordance wilh thè requlrements of the Companigs Act 20( I'the 2006 Aet'l. Havlng satisfd my3elf that thè a¢n[S of th6 charity are nol required io be audttgd under Part 16 of the 2006 Aet and are effigibl& for independent examinath"on. I in respgGt of my exarnination ol lh8 charitys accounts cArrièd out undèr sèction 145 01 the chan'e$ Acl 2011 1.the 2011 ACYI. In carryiro out my 8xamlnation I havè followed the DirectK)n5 given by the Charity Commtss)n under section 1495llb) ol the 2011 Act. Independent examlnerf8 Statoment I have completed my examinab'm. I confim that no matters have come lo Iny attèntion in connectn wlh the 8X8mlriaUon giving me cause to bdieve: accountin9 recoids were not kepl in res of the charity as r8ouimd ty section 386 01 the 2006 Acl,. or thè 8ccounts do not acojrd with those rrdS,. or the accounts do not comply wth thè at(nI1 wuirements of section 396 of the 2006 Act other than any requ1meNt that the accryjnts give a 'true arKI fairf eW vl)kh is not a matter ryjnsidèred as part of an independ8nt ex8minalk)n'. or th8 accounts have not been prepared in accx)rdance with the metrK)d$ a1 prlPleS of Ihe Statèment of Recommended Prac'cO for aceounung and repc¥iThJ by charities lapplicable to charities prepari their a¢nts in accordance vthh the Finan(xal Rapting Standard applKable in the UK and Republi¢ of Ireland IFRS 1021]. I havg no corKerns and have oNne aeross othèr mattèrs in (x>nnectKJn with the examination to which allenlion should drawn In this rept in order to enable a wwer understandiro of the accounts to be reached. This reFx)rt is made sdely to the tharitys Trusl995. as a body, In accordance wth Part 4 01 the ChariliBs IAccounts and R8portsl Regulations 2008. My work has been uThJertak¢n so Ihat I mighl stat8 to the charitys Truslees those matters 1am rèquired to state to them in an In(lependent examinerfs report and lor no other purposè. To th8 ful1 extent permitted by law, I do nol accept or assume responsibility to anyone other than the charity and th8 ch8rit¢s Trustees as a bcJy. lor my or fDr this report. Signed.. Dated.. 17 May 2024 L Butler FCA Thè Old Tann8ry, H8nsIngtC Road. Woodstor* OX20 1JL Page 12
THE LONG RUM IA company Ilmll8d by guarantee) sTATEMETr OF FlhtANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENOED 31 DECÉMBER 2023 Unrestricted funds 2Q23 Réstrfct8d funds 2023 Total funds 2023 Tot81 funds 2022 Income fmm: Donations and IBgauas Investments 157.134 87.403 244,537 39 182,256 14 Totsl In¢ome 157.173 87.403 244,576 182.2TO Expendlture on- Raising fund8 Charitable actswttes 135.632 23.784 135,632 108,717 90,438 104,738 933 Total expendlture 159.416 84.933 244,349 195, 176 Nèt lèxp8nditurnifincome Transfers tween funds 12.2431 470 2,470 12.4701 227 (12.906) 17 N•t movement in funds 227 (12.906) R•¢onclllatlon of funds,. Total funds brought forwaid Net movement in lunds 12,909 [12,906J 227 227 Total funds carrted forwaTd 230 230 Page 13
THE LONG RUN IA eompany Ilmitod by guarantèe} REGISTERED NUMBER". 09478963 BALAMCE SHEET AS AT 31 DECEMBER 2D23 2023 2022 Nots Flxed assets Tangible assets 12 771 1.220 7T1 1,220 Current ass•ts Deblors Cash 81 bank and in hand 13 7.430 124.665 1,346 21,622 132.095 22.968 Creditors.. amounts faIng due within one year 14 {52,6361 f24. 185) Net current assets I Ilabllites 79. (1,217) Total ass•ts less current Ilabllltkns 80.230 creditS- arnounts fallirrfJ due after mor8 than one year 15 180.0001 N•t ass•ts •x¢ludlng penslon assel 230 Total ngt •s$gts 230 Page 14
THE LONG RVN IA company Ilmtted by guarantoel REGISTERED NUMBER: 09478983 BALAMCE SHEET (CONTINUED) AS AT 31 DECEMBER 2023 2023 2022 Note Charity funds Reslriclgd funds Unr8Stricted funds 17 17 Tolal fund8 230 The charity was entitled to exemption Irom audil under sec11 477 of the Companies Acl 2006. The members have required the company lo obtain an audit for the sear in question in a¢¢ordance wlh section 476 of Companies Act 20C6. The Trusle&s a¢knowkdge thgir r0$&5•)1t1eS for cOmplng wilh the requIremts of thtr Act with rospe¢t to aGcounting records and weparakn of finanaal slatements. The financial slalemenls have been prepared in Cordan wilh the provisi0r 8pplicable to ontitie5 subieci to the small companies reglme. The financial statements were approved and authorised IssuB by thg Trustees on 16 May 2024 and signed on their behalf by.. L Cottar Pag8 15
THE LONG RUM IA Company limit•d by guarantee) P40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General infomMt6on The Long Run is a ch8ritsbl8 company limrted by guarantee withwt sharè capitsl a1 use of Limited èxèmption. The Long Run is registeie¢l wth the Charity Commission for England and Wales {charlty mbgr 09478983). The Charity was registered with ihe Charlty Commission on 19 January 2017. The charills principal office athYre55 The Okj Tann6ry. Heing10n Road. WocJstock Oxtordshire OX20 1JL. Accountlng policiès 2.1 Basls ol preparatlon of flnan¢i41 statsm•nts The finandal $18tèmènts have ten prepwed in accordance ith the Charities SORP IFRS 102) - Accountiry and Reporting by Chartties." Statement of Recornmendèd Practice applicable lo charilies preparing their accwnts in aCc(dance 7rith the Financial Reporting Standard applicable in the UK and Rapublic of Ireland IFRS 1021 {gffectivg 1 January 20191, the Financial Reportino Standard applThble in the UK and Republic of IrelaThJ {FRS 1021 and th8 Companies Act 2006. The LoThJ Run meets Ihe definiti of a publ kwfrt Èntity under FRS 102. Assels and liabilitie5 a initialty rognISed al historical c(•st or transaction valuè unless olheriso stsled In the relevant accounlirvj policy. 2.2 In¢ome All income is recOgnis Mc8 the charity has enlitbmenl to the income. li is prr)b8blè that the Income Wbll be received and the 8mounl of income receivable can be m88sured r8liatly. Incom8 tax rècov8rabl• in relation to investment in(x)me is recognised at th8 t¥ne lh& investment income is recewable. 2.3 Expèndltur• Expenditu is recognised or¢ trre is a legal or constrvdve obligation to transfer economic benefit to a third party, il is probabk that a transfer of eccfficrfnic b8ngfrts will be required In setllemgnl and th& amgunt of the oblvJati¢)n can be measured reliabty. Expenditure is rLassified by activity. The costs of each actity are made up of the total of dffect costs and shared cosls. includw)g s¢Jpp)ri costs involved in Vertak1rrfJ 6h actmty. Dir8cI costs attributable to a sirhgla activity ar9 alli)caled directly to that actmty. shar costs which contribute lo more than one activity and support costs whiGh are not attributable to a single actlty are appcll0ned ben those gdivities on a basis consistenl with the use ol reSrCes. Central staff are allocated on th basi5 of time spent. and depreciation charges albcat8d on the portion of tho 855el's use. Expenditure on ralsirrfJ funds inchklès 811 &xwiditur8 inujrred by Ihe charity to ralse funds for Its haritable purposes and includes costs of all fundr8isir@ acIMti events and non-ch8ritabk trading. Expenditure on charitabk acbwbes is incurr8d on direcdy undertaking the astMti&s which further thg charitls objectives. as wdl as any as1 support costs. Page 16
THE LONG RUN (A company Ilmlted by guarants•} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng polScles (contlnuedl 2.3 Exp8ndltur• Icontinu•d} Gr8ntS P8y8bl8 aro ¢harggd in tho y8ar wh&n th& offor is made except in thos6 Ca88s where the offer is condithonal. such grants berro recognised as expenditure when the c4)nditions attaching are fu11[e. Granis offered subject lo conditions which have not been met at year end are noted as a cornmitm9nt, bul rwjt GrUed as oxpgt¥Jituio. All expenditure is IrluSe of irrecoverdble VAT. 2.4 Inter¥8t rg¢9iv•blè Interest on funds held C deposit is included when receivabl8 and the amount can be rneasured reliably by the charity", Ihis is nornialty upon notifralion 01 tho inlorest paid or payable by thè institutKJn th whom th8 funds are deposited. 2.5 Tanglblo flxed assets and d•preclatlon Tangible fixed assèts costirKJ £NIL or morè ar6 capitaltsed and recogriised ¥hn fLrturo trn01¢ berItS are probable and tTr cost or value ol the asset can measured relvably. Tangible fixed assels are initialty recwnised at cosl. After reCOgnOn, under the cost model. langiNe fixed ass¢ts are measured at accumulaled depre¢kqtion Ènd any accumulated impairment k)s5e5. All costs incurred lo bring 3 tangible fixed asset t0 its in1ded working condition shcJhY be irlUded in the measurement of cost. Depreciation is charged so as tr) albcate thè cost of tangitAg fixe(l assets less theii residual value over their estimateil v5eful lives. . Depr8Ci8tion is prowded on th8 folloviThJ b&%is: Computer equipment 20% Str8ight kne 2.6 Debtors T10 and olher debtors are rec(Jnised at the selknenl amount after any trade discount offered. Prepayments valu8d at the amount pr¢pahg net ol any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and han¢J ildeS cash and sh(yt-tetm hrghly liquid investmènts a short maturity ol three months or kss from the dale of acquis c opening of the deposil or similar a¢¢wnl. Page 17
THE LONG RUN (Acompany Ilmlt•d by guarnnto•1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounling po15cles (conlinu) 2.8 Llabllltles and provisions Liabilili8S ar& re¢ognised when there is an olgatIon at the Balance shegl dale as a result of a p8sl event, il is probable Ihal a transfer of economic benefrt 11 b8 required in selllement, and tho amount ol the setuemenl can be esknmated relia)ly. LiabilitS aro Tecognised at the amount that the ¢arity anti(ipates il wll pay to settle th8 debl or th¥ amount it has receNed a3 adv8nG8d paents for the gcoys or 8erv4Ges it must provid8. Provisions are measured al the besl estimate of thg am(HJnts re¢wired lo settlè the obligation. Where the effect of thè Im8 value of money is maierk81. the prow51 is based on thÈ piesant value of those amounts, discounted at thè pré-tax dlscount late that reflect5 the risks speryfic lo the liability. The unvlrKling of the discounl is recogni8ed in the Statement of financial aCtivitS as a finance c05L 2.9 Flnancial in5trnm•nts Thè charity only has finanoal assets and finanGial Ikabiliti&s of a kind that qualrfy as basiG financial instrumènts. 8a financial instruments are initTr8lly recognised at transaction value and subsequenlty mgasured al Iheir seltknient value with thè èxception of bank loans which arg subsequentty measur8d al arned cost using th8 effeclNe inlerest method. 2.10 Fund accounting General ftinds are unrestricted lurmjs whth are available lor use at the discreb'on of thé Trustees in furth8rance of the general obj8ctives of thè charity and which havg not been designated for other purposes. Restricled lunds are funds vthi¢ ar$ to LLsed in adare wth specific reslriclions imposed by donors or which have been raised by Ihe chan.ty Partular purpos8s. Th8 costs of raising and adrninlstlng such funds af8 charged agalrt the specthc fund. The aim and use of each reslricted fund is set out in the notes to finala1 statements. Investmènt incimre, 9ains ar)J h)sses are alkycated tts the appropriate fund. Page 18
THE LONG RUN IA company Ilmli•d by guarnnteèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incomè from donatlons and l•gxi•s UnTrstricted funds 2023 Restrlcted funds 2023 Total funds 2023 Total tunds 2022 Donati($ 157.134 87.403 244,537 182,256 Totsl 2022 98,637 83.619 182,256 vestment Income Unrestrict•d funds 2023 Total funds 2023 Total funds 2022 Inlwest recelved 39 39 14 Exp•ndltur• on ralslng fund$ Costs ol ral$lng voluntary Income Unr•stricted funds 2023 Total funds 2023 Total runds 2022 Consultancy fee Cosis of raising voluntary income- wages and saLgries Costs of raising volunlary income- Nl 91.C61 43.444 1.127 91,061 25.950 67,816 2.672 1,127 135.632 135,632 90.439 Page 19
THE LONG RUN (A ComnY Ilmlt•d by gUantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2D23 Analysls of grants Grants to Indl¥iduals 2023 Total fund$ 2023 Total funds 2Q22 Project costs 84.933 84,933 90.649 Tolg12022 9CI.649 90,649 Anatysis of expendltsre on charitablg activities Summary by fund tyPg Unrnslrlet•d R•strlcted funds funds 2023 2023 Total 2023 Tol81 2922 Raising dDnation5 and lega 23.784 84.933 108,717 104, 738 Total 2022 14,089 90.649 104, 738 Page 20
THE LONG RUN {A company Ilmlt•d by guarantso) NOTES TOTHE FINANCIAL sTATEmEs FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of •xp•nditure by activities Granl fundlng ol actfvltSes 2023 Svpport eosts 2023 Total funds 2023 Total fvnds 2022 Raising donations and *ac5 84.933 23,784 108.717 104.738 Total 2022 90,649 14.089 104, 738 Analysls of support costs Total fvnds 2023 Tot&1 funds 2022 Actlvlues 2023 Depreciabon Staff support costs Travel and subsistence Computer.sofh¥are Ènd eommunicalion ¢osls Accountancy and gaI fees Bank charges 449 562 455 6,256 2, 786 3,653 377 7.537 7,374 2,689 4,991 744 7.537 7.374 2.689 4.991 744 23,784 23.784 14,089 Indgp•nd•nt examin¢rf$ Trmun•ratlofft 2023 2022 Fees p8yable to the ¢haritys independent examiner lor the indepwK18nt examinalion of Ihe charitys annual accounts 3,600 3,600 Page 21
THE LONG RUN (A company Ilmlted by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEeEM8ER 2023 10. Staff costs 2023 2022 Wages and salaries Social security costs 61.816 2.672 1.127 44.571 64,488 The average number of person5 employed by the charity during th& year was as follows.. 2023 2022 Management Th8 numtr of èmFA0Y whos• ployee befil$ lexdudNYJ emphjyer pension costsl exce8dod £60,000 was.. 2023 2022 No. In the band £60.001- £70.Th 11. Tru$t¢e$' r•munratlon and •xp•nMs During the year. no Trustees receNed any remuneratwM or ¢)Iher bèn8fits (2022- £NILI. During the year ended 31 Decetnber 2023. rn Trustee expenses have besn In¢vrred (2022- £NILJ. 12. Tanglble fix assèts Comput•r equlpmènt Cost or valuatlon Al 1 January 2023 2.245 At 31 D6c6mber 2023 2,245 Page 22
THE LONG RUN IA ¢hrty limit•d by guarant) NOTES TO THE FINANCIAL STATEMENTS FOR THEYE*R EP4DED 31 DECEMBER 2023 12. Tanglble fixed a55ets (continuod Comput•r equlpm•nt Dèpreclatlon At 1 January 2023 Charge for the year 1,025 449 At 31 Dècember 2023 1.474 Net book value At 31 December 2023 771 At 31 D8Or 2022 1,220 13. Dobtors 2023 2022 Du• wlthln on• y•ar Trade debtors Prepayments and 7Kcru&J income 750 596 7.430 7,430 1,346 14. Credltors: Amounts falllng du• within on• year 2023 2022 Payments recewl on acc(yJnt Trade creditors other tsXan and wal security Accrua15 and d8f$rfed income 46A16 17,473 310 2,802 3,60Q 6,220 52.636 24, 185 Page 23
THE LONG RUN {Acompany Ilmit•d by guarantrel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Creditors: Amounts falling due after more than <>ne year 2023 2022 Other loans 80,000 16. Finan¢ial instwuments 2023 2022 Financial assets Financial assets measured at fair value through income aTrJ expdIlre 124,665 21,622 Financial asseis measured at fair value thrjgh income and expenditure c(Mnprise... Page 24
THE LONG RUM (Acompany Ilmlt•d by guaTant•e) 14OTES TO THE FINPJICIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Statement of funds statement of funds - etsrrènt yr Balaneè at 31 D•c•mber 2023 Balanc• at 1 January 2023 Transfèrs inlout Income Expendlture Unrestflcted funds General Funds- all funds 157.173 {159.416) 2,470 230 Restricted funds Reslricted Funds - all funds 87,403 (84.933) {2,4701 Totsl of funds 244.576 1244.3491 230 Stat•m*nt of funds- prior year Balance at 31 Decemb6r 2022 B818n¢è 81 l January 2022 Transf Unrèstr1et funds General Funds- all funds 98,651 (104.521) 370 Restrfcted fund$ Restrict8d Funds - 811 ftjnds 83.619 {90.649) (370) Tot¥1 of fund$ 12.909 182,270 (195. 176) Pag8 25
THE LONG RUN IA ¢ompahy Ilml¢¢d by guararrt••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Summary of funds Summary of fund5 - current year Balance at 31 De¢embor 2023 Balan al 1 January 2023 TTansfeTs inlout Income Expenditurn General funds Restricted funds 157.173 87.403 {159N16) 1¥4.933) 2,470 12,4701 230 244.576 1244.349) 230 Summary ol lunds - POr year Bol&n¢e al 31 Decnher 2022 Balance 81 l January 2022 TIAnsfers in/0 IT Expgnditurtr Gener81 funds 98.651 83.619 (104.527) (90,649) 370 (370) Restricted funds 7.400 12.909 182.270 (19&176J 19. Analys1¥ of net assets between fvnds Analysi5 of net assets between funds - current year Unr•strlcl•d funds 2023 Total funds 2023 Tangible red assèts Current assets Credltors due thin onè yèar Creditors in Tnore than one year 771 132,095 152,6361 180.C#JOI 771 132,095 (52,fj361 (80,0001 Total 230 Page 26
THE LONG RUM IA company Ilmited by guarant••) NOTES TO THE FINANCIAL STATEPIENTS FOR THE YEAR ENDEO 31 DECEM8ER 2023 19, Anatysls of ngt a•sgts bgtw6en funds (continuodl Analysis of net assets between fvnds- prlor year Unrestricted ful$ 2022 Tot81 funds 2022 Tangible fixed assets Current assels 1,220 22,968 (24.185) 1.220 22.968 (24.185) Creditors due wthin one year Totsl Page 27
THE LONG RUN (A company Ilmltod by guaranlee) INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2023 2022 2022 Income Don8lions restr1dj Donatlons unr8slri¢ted Membership fees On-sitg visII in¢ hA6mbèr contributions 87.403 17.650 1118,111 22.690 8.675 39 83.619 31,472 61,126 1.40Q 4,639 14 Interest receiv 244.576 182,270 Gross Income In the reportlng perfod 244,576 182,270 L$. Exp•nditure Group 1 Project costs 90.649 84.933 90,649 Expendlture Gmup2 Consultanty léés Wage8 and salaries Employers national insurance Training and supp(xt costs Travelling and subsistence Computer, softhr8 8nd communicati ¢osts Accountancy arKI legal fees Bank charges 91.061 25,9 67.816 2,672 455 6.256 2. 786 3,653 377 1.127 7.S37 7,374 2.689 4,991 744 158.967 103.965 Exp•ndltur• Group 3 Dapreciation 562 449 562 Total expendlture N•t Ineom•ll•xp•nditur•) boloro taxatlon for the rèportlng period 244.349 195,176 227 (12,9061 Pagg 28
THE LONG RUN {A company limlt•d by guarantee) INCOME ANO EXPENDITUREACCOUNT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2023 2022 2022 Tax payablo Not Incomel{expenditur•) lor the reporting pBriod 227 112,906) SurplusllD¢fi¢ltl lorth• r•portlng p•riod Surplus bmught forward at 1 January 2023 227 (12,906) q2,9C19 Surplus caTTI?d forward at 31 December 2023 230 The rteS on pages 16 to 27 fom p8rt of Ihoso finawal statements. Page 29