Charity R•gi$tration No. 1059202 Company R•glstratlon No. 03254107 {England and Wo1•s1 THE TEAMWORK TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 THE TEAMWORK TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust•és J Noble {Chairl D Glen S Marshall R 805well A Dady R Cdlir D Owens K•y Manag•mènt Personn•l Strategic Director. J Bru operat￿￿$ Director- G Marshau (re￿gned 75 Octobef 20211 Charlty numb 1059202 Company numb•r 03254107 Reglst•r•d offlce Unrt o. St Mafk$ Road Sl Jame5 Indusknai Estate Corby Northamptonshire NN18 8AN Atsdltor Ella(x)tt5 A￿rt se￿ICe$ Limrted v￿tsge House 2700 Kettering Pawkway Kettenng Northamptonshire NN156XR Banke Lloyds Bank pl 48 Market Street Èllingborough Northamptonshire NN8 1AG Investrnent advlsor5 Telford Mann Iionslone Place Kettering Northamptonshire NN14 1FN THE TEAMWORK TRUST CONTENTS Pag• Trustees, report IndeperKJent audrtof's repc Slalement ol finanual actiwb.es Balance sheet statement of cash Ilows 10 Notes to the finan￿￿ statements THE TEAMWORK TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The trustees present their report and audited finar￿1 statements for the year ended 31 MarGh 2021. The financial statements have been prepared In accordan￿ the accountsng P￿￿￿e$ set out In nole 1 to the financ4al statements and comply wth the trust's Memoiandum of As%>ciatson. the Companies Act 2006 and "Accounting and Reporknng by Charibes. Statement of Recommended Practsce applicable lo charities piepanng their ac￿untS In accordance the Finanaal Reporting Standafd ap￿ICable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019)- Oblectlv•s and actlYrti•s The trust's objects are lo promote the Pfeservabon of heanh and lo assist in relieving and rehabilitsting vulnerable adults who have short or long lemi arnl enduring mental health issues. leaming drfficulties and disabilities or sensory or physical disabilities based Northamptonshire and in parti￿lar by the provision of facilities for work therapy. eithal￿. $￿iallY irdusive ￿tt"¥i￿eS and o)unselling. The poliryes adopted in furtheran￿ of these obj.ects are as follow5". È Involved all our people the deS￿n of serv1￿5 th* they ￿re lo access." We measured the impact thiough irwjividuals, progresson and rewvery by u5iThJ a number of recognised tools. We generated ir￿Orne through corrtracas. grants and ￿r￿ra1¥ng". We built a large digrtal preser￿ alkM"ng for ser¥ices to te developed. There has been no eharoe in these pol￿eS duriTrJ the year. The truslees have due regard to guthnce isyjed by the Charty CommissiC￿ in decidiro vthat acts'vrties the trust should undertake. Achl•vorn•nts •nd porformance The changing economic and soaal enwronment brought on by CovKI-19, Breyrt. and other indusion agendas to support the delNery of Health & Social Care SeNices rneant that Teamwork had lo conb"nuousty look al new ways of working rts dient groups. Teamwork's St￿n9th ￿rne to the forefront by finding * ueating new vrays of servi￿ delivery. induding increased use of digilal pro¢esses through the devdoF¥ment of remote services. This resAJlted In individuals having a continuous service delivered in a seamless way and * the first lock dobyn we were able operationally to get seNices running 48 hours There wefe many eXaM￿e$ of the pnrKiples of Ferson-centered thinkiro running through the design of new way5 of working, at Teamwork in particular the abilty lo give all our individuals choKe and control ovef how and when they accessed Se￿ices. In addthon. TeamvKJrk enabled rt5 people to start to cJ)ntn"bule their own thinking on the seN1￿5 that strKsuld te delivered. During 2020-2021 we were aiAe to make signhficant impa￿. 116 Gounselling Clients were supported - thiough V￿Èkty or monthly emots.onal support calls lo September 2020 and through weekly or monthly online counselling from that date Resulting in the ddivery of 3044 hours of remote counselling thrO￿h the year. 123 Living and Leaming clients - wrth a Wmtsnats.(￿ ol sessions In CeTrte￿ when we were atrAe lo be open. However the iemote offer started within 3 days of lockdown starhng and conlinLth until the last person slopped isolating wth Covid. offered every serwce user." daily phone calls, weekly activty packs and monthly craft packs." food delivenes. shopping and cdleding prewptions and other essentials as well a5 wellbeing walks and a daily programme of zcx)m classes. weekly zoorn qusz nights and weekly zoom coff mornings utili￿ng 50 iPads (Mth data pwd foil that ensured these semce users V￿re able to engage ￿th family arKI fn.ends beyond wr offer. THE TEAMWORK TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 43 Carers- through regular pht)ne calls and setbng ts.me asitje to jusl listen 89 ￿lbeIng Clients throuth V•tekty *tllbwng calls up to 600 hwrs.. 11zoom wellbeing edueathon se5s￿ns. wellbeing walks, zoom peer support., arts aThJ fJafts prcpcts (￿lIne.. ub"lising 10 iPads." in total we spent over 1800 hours sUppC￿n9 people. 28 Volunteers - ￿re supKKNled inth.ally Trmth emOt￿la1 gJppcKt arKI then to volunleef safety face lo fa￿ or digrtally 30 BBO beneficjanes - recwved regular calls supp(yt utili&ng up to 10 iPads lo help Ihem socially & emotionaly and support on their ioumey io volunteerir¥J ar¥J lob seafchifig Flnanclal rnvlew The year has been very challeTrJing f(w ihe Organisat￿ arKI In pa￿"CUlar lor the sector v*th 3 lockdovms due to the Covid-19 pandemic dunng the finanaal year. It must be Sa￿ that the way the organisats.on and in parti(yJlar the staff an¢J seryice users have fesponded lo this has been nothing short of amazing. È quickly moved a lot of our Se￿1￿ online and imiested heavity in iPads so that seNce users could contjnue lo receive the level of serw¢* iequired. The organisats'on benefrtfed use of the furtwh scheme and wvemment grants a¥￿table which amounted lo £75.269 in the year. as wdl as ts ma￿ets reo)vering lo show a rEt gaFn on investment of £101,48412020 net loss of £13.148}. This enatrAes Teamwork to add £189.545 into the f￿￿1 balances as at 31 March 2021. leaving £1,181.218 splrt acmss the unrestr"(aed and reslricted lunds. R¢serv•s Pollcy It is the policy of the trust Ihat unrestr￿ed furKls v*hith have Th)t b*n tssignated for a wfic use should be maintained at a level ewivajent to rKJ nThye than 8 m(ths core ex￿JrtUre. The trustees consider that reserves at this ￿Ve[ wll ensure thai. In the event of a swnificanl drop in funding, they will be able lo continue the Irusl's current ac*"vrties while cy)nsideiatson is giveii to ways in wlN"ch addknonal funds may be raised. This level of feseryes has been maintained throughout the year. S¢ructurn, governance and manag•ment The trust is a company limited by guarantee, gO¥￿ned ty its Memc*andiJm and Art￿eS ofAssouats'on tlated 24 September 1996 and amended on 27 February 2019. The trustees. who are also the difectofs ftx the purpose of g)mpany LYW, arKI served during the year and up lo the dale of stgnalure of the finanoal statements b%ere' J No￿e (Chairl D Glen S Marshall R Boswell Wclark A Dady R Collins D Owens {R￿gr￿d 31 Marth 20211 (Resigr￿ 31 March 20211 THE TEAMWORK TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 None of the trustee5 has any bwfKxal interest in ¢x*npany. Ml of the trustees are members ofthe comparsy and guarantee to CA)ntn"lyJte £1 in the event of a V*inding up. Trust•9 Appolntments Trustees are elected by the toard of trustees and will kAd office unbl the AGM each year where they bec(xne eligible for re-appointment The minimum numbef of truslees is 8 with the m￿muM bein9 14. Trustees Inductlon and tralTrlng New Iruslees are interviewed by the Chair of the tnjstees and IKJ tnjstees prior to recommendats.on for appointrnent. dufing which time they will have had Ihe viwn and strategy of the Charrty explwned to them. New trustees are provided wth 3 copy ol the Chanty commissi￿ publicatsons'KÈlnsibilibes under those standards are fijrther desuibed in Ihe Audrtofs ￿sponSibl1￿1eS for the atjdit of tIE finartial statements secb.on of our feport are Independent of the trust in acu)Tdance wlh the ethical requirements that are relevant to our audrt of the finanaal statements In the UK, induding the FRC's Ethical Standard. ar￿1 we have ftAlfilled our olher ethi¢al responsbilitses In accordance Trmth these iequiremen15. Vve believe that the audit eviden￿ we have obtsined is sufficaenl aThJ appropriate to prowde a basis for our opinion. Conclusions relating tr* golng ¢oncem In auditing the finanaal statements. we have C￿4l￿￿ed that Ihe trustees, use of the going concem basis ol accxxjnting in the prep￿"c￿ ofthe financ4al slatements ts aFvrowth. Based on the work we have t*rformed. have not ldenkn.fied ar¢y material ur￿rtaints"es relatsng to events or condibons that. individually or cdlectsvety. may casl wgnifjcant doubt on the trust's abilty to continue as a going ¢oncem for a peri(￿ of at least ￿1Ve mnths from Ythen the finan(Jal stalements are authorised for i&8ue. Our responsibilf(ies and the responsibilth.es of the trustees vthh respect to goiThJ corKem ale des￿1￿ in the relevant seth'ons of this report. other Inft>rm4tlon The other infomats.on compnses the information induded in the annual report other than the financial staternents and our auditoffs re￿t Ihereon The tnJstee5 are resw)nyble for the other Infomialion contsined within the annual report. Our opinion ors the finanaai statements ¢J(ts not cover the other informab.on and. except to the exienl otherwise explicitly 5tsted In our rerx)rt. we do not express any form of aSSUTance cOr￿Usion Ihereon Our resF)onsibility is to read the othet information and, in th.ng so. cOn￿der whether the other information is materially inconsistent wilh the finan￿al 5tstements or our knowle(Ige obtsIr￿ in the Coufse of the audit, or otherwse appear5 to be materially misstated tl we idents.fy mat￿la1 inconsistencies or apparent material misstatements, we are required lo detemirE vknether this gives rise to a matenal misstatement In the financial statements themselves. If. base(J on the WOTk we have tkrfornied. we condude that there is a material misstatement of this other infoimab"on. we are requiTed lo report that lact. have nothing to report in this regard. Oplnlons on other matters pres¢rlbed by th• Companl•s Act 2006 In oui opinion. based on the work undertsken In the wurse of OUT audrt. the infom)aty"on given in the trustees, report. Indu¢Jes the direolors. report Pfepared for the purposes of company law. for the finan(aal for whith Ihe finanual statement5 are prepared is Consistent with the finan¢i31 Statell￿nts., and the directors. repc*t Ind￿ wthbn the trustees. rewrt has been prepared In acixjrdance %wth applicable legal requirements. THE TEAMWORK TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE TEAMWORK TRUST matte￿ on whlch we Are requlred to report by exGeptlon In the light of the knovledge and understanding of the trust and ils environment obtained In the course ol the audit. we have not identsfied material misstatements In the directors, report induded within the twstees, report. We have nothing lo report in respe￿ of trr folkm.ng mattw5 in rek31Jon to wthich the Companies Act 2006 requires u5 to rewjrt to you if. in our opinion.. adequate accounling records have not been kept. or relums adequate for our audit have not been received from branches Th)t wsrted by us". or the finanraal statements are [￿t in a9reerwt with the a￿jnttng recc*ds and retums.. or certain ttiselosures of trustees. remunerab.on spec4fied by law are not made". or we have not rece￿ed all the infomiatK)n and explanations WÈ require for our 8udit.' or the trustees were not enbtled to Frfepare the finamal statements in &wdan(* wth the small ￿mpanieS regime and take advantage of the small o)mpanTes' exemptions in weparing the trustees, Teport and from the requirement lo wepare a Strateg￿ ￿pOrl Rèsponslbiliti•s of trust•es As explained mofe fully in the statement of trustees. responsFbiltb"es, the tnjstees. who are also the dire¢lors of the trust for the purpose of company taw. are reSpon&￿e for Ihe Fxepafats"on ol the finawal statements and for b￿ng satisfied that they give a true arvj fair vie•V. for such intem31 contrd as the trustees detennine is necessary lo enatAe the preparabon of finawal statements that are free from material misstatement, whether due lo fratjd or error. In wepanng the financial ststernents. the tnjstees are responsitrAe for assessing the trust's ability to continue as a going c4)n¢em. disdosing. as applIca￿e. matters rdaled lo g¢JThJ cK)ncem and using the going concem bags of 3ccountiThJ unless the trustees either Intend to liqui(Jate the tharitable company or to cease operatsons, or have no realyslic altematsve tKrt to th) so. Audltorfs rnsponslbllh1•5 for the audtt of the financlal slatemgnts Our obfr'ectives are to obtain reaSona￿e aSsUrar￿e ab(Krt whelher the finar￿al statements as a whole are free from material misstalemenl. whether due to traud (K error. and lo IS￿ an audilorfs report thal indudes our opinion Reasonable assurarKe is a high level of assurarK2 tmjt is not a guarantee that an audit conducted in accordance wrth ISAS IUKI wll always delecl a matenal misstatement when rt exists. Misstslements can anse from fraud or error and are considereil matenal rf Individually or in the aggregate. they could reasonably be expected to influence the ec0Th)M￿ detJsM)ns of users taken on the ba￿S of these fin8rKk21 statements. Irregularities. Including fraud, are instances of r￿)n-(￿pl￿￿￿ ￿th laws and regulats"ons. IAÈ design procedures in line wlh our respon&bilitses. (xrtlined above. to detect matenal misstatements in respect of I￿egula￿tieS. Ineluding Iraud. The extent lo vthich our pr(Kedures are capable of detecting IrTegularities. induding fraud, is detailed beth. THE TEAMWORK TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE TEAMWORK TRUST Because of the inherent lim11th￿S of an audrt, there is a risk that we will r￿t detect all irregularities. including those leading to a material misslatement In the financia slatemenls or ￿￿k¢￿p11ar￿ ￿th regulation. This risk increases the mofe thai (x}m￿lanIE wth a law or regulation is removed from the events and transactions reflected in the financial statements, as we wll be less likely to become aware of Instar￿$ of non-cOM￿lance. The risk is also greater regarding Irregularities otturring to traud rather than error. as fraud involves intentional concealm￿t. forgery. collusion. Omis￿On or mi¥epresenlab"on. As part of an audit in accordance ISAS {UK), we exer(ase wofessi.onal jUdg￿￿ent and maintain wofessional scepticism throughout the audrt. also perform Ihe follU￿ryn9 pr¢j¢e￿res". - Enquiry of management. those chatged wth govemarKe arcMJnd &tual and potential I￿"9atiOn and daims. - Enquiry of entity staff in tax aThJ compliance functsorts lo identfy any Inslances of non-CL)mpliance with laws and regulations - Reviewing minutes of meetings of those charged v4ith govemanct. - Reviewng finanual stsiement d15dosures and teskn.ng to sJJpp0￿"Thj dcrtwmenL7ts"on to assess oJnpIIar￿ with applicable laws and regulations. - Auditsng the risk of management override of ¢￿trol$. Ir￿uding thrw lesbThJ joumal ent￿e5 and other adjustments for appioprialeness. and evaluab.ng the bugne&s th.onak ol ￿gnificant transacb.ons outside the nomal course of business. A further descaplion of Our respon&bilrties is availab￿ on the Financial Reporting CounrAI's website at.. https".11 Ww￿V.frc.OI9.￿kIau￿$lorsre5pc￿Its.Irt￿S This descripb.on lomis part of cyJr auditorfs ￿port Use ol our report This iepcrt Is made Solety to the tharitable companys memtwy. as a body. in accordance with Chakrter 3 of Part 16 ol the Companies Act 2006. Our audrt work has teen undertaken so that we might state to the charitable mpany's members those matters vft are required to State to them In an au(bitor5' ￿Port and for no other purpose. To the fullesi extent pem)￿ed by la4¥. ￿ do accept Of assume Tesponsibility to anyone other than the charitable company and the charrtable company's members as a body. for our audrt *Y)rk, lor this rep)rt, or for the opiNons we have fomied. Charlott• Toema•s Bsc FCA Isenlor Statutory Auditor) tor and on beham of Eliacotts Audlt Servl¢•s Limited Chartered Accountsnts statutory Audltor Vantage House 2700 Kettering Parkway Kettenng Northamptonshi NN15 6XR 20112121 THE TEAMWORK TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 UnwestTiCted Restrlct•d funds funds 2021 2021 Total un￿tricted Re5th"cted fund$ nds 2020 2020 Total 2021 Notes 2020 In¢om• ftdèn Donations and legacies Charitable aCt￿rtIeS Other trading actNItEs Investments Other income 142.806 740,%7 6.424 2.284 1.074 359.011 501.817 740.967 6.424 2.284 1.074 32.569 721.910 23.322 1.285 303.393 11.058 335.962 732,968 23.322 1.285 Totsl income 893.555 359.011 1.252. 779.086 314,451 1,093.537 Ex ndltu Ra151ng funds 5.135 5.135 10,351 100 10.451 Ch8lltable activities Programme PrOVi￿On Soaal Enterpnse Tiading 790.740 301,549 1,092.289 632.072 263,025 895.097 62.388 4.693 67.081 189.4 189.490 Totsl ¢harltabl* exp•ndltur• 853.128 3C6.242 1,159.370 821.562 263.025 1.084.587 Total resources èxpended 858,263 306,242 1.164.505 831.913 263,125 1,095.038 Net gainslllosses) on investments 13 101.484 101.484 {13.1481 {13,1481 Gross IraTrsfers between fvjnds Net movem•nt In funds 21,741 144.2341 121.741) 29,585 136.776 52,769 189.545 114.649} Fund balatKes al 1 April 2020 235.455 756.218 991.673 279.689 726.633 1.006.322 Fond balances at 31 March 2021 372,231 808.987 1.181.218 235.455 756.218 991.673 The statement of financial aC1v￿e5 indudes all gains arkj losses re(>)gnised in the year. AJI irtome and expendittsre denve from C{￿￿nu1ng thtses The slalemenl of finanaal ackn￿"es also ¢))MF4￿$ ￿ the requirements for an irthme and expenditure a￿O￿nt under the Companies Act 2006. THE TEAMWORK TRUST BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 FIX￿ assots Tangible assets Investments 14 15 405.595 381.754 437.773 289.252 787.349 727.025 Current ass•ts Deblors Cash al bank arKI in harKI 16 47 244 586.158 142,565 204.168 633,402 346,733 Credttors: amounts falllng duo wlthln one y•ar 17 {239,533> 182,085) Net current assets 393,869 264.648 Total assets Itss currnnt Ilabllltl•s 1.181.218 991.673 Incomo fund5 Restricted fvnds ricted nds Designated funds General unre5tncted funds 19 808.987 756,218 20 155.574 216.657 5.574 229,881 372.231 235.455 1.181.218 991.673 These finanaal statements have prepared in a(tOrdan￿ wrth the provisions applicable lo companies Subject to the small ¢x>mpallies rw'me. 1}:12. 21 The finanaal State￿nts weve approved by the Trustees on .... .. J Nobl¢ Trust (Chairl company Reaistr¥tlon No. 03254107 THE TEAMWORK TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 No Cash flowE from op•ratlng a¢tlvltl•s Cash genefated tr￿n operatsons 378,668 8,710 Investing aetlvlti95 Purchase of tsngible fixed assets Purchase of Investrnents Proceeds on disposal of investh)ents Investment irKome received 7,9461 16231 9.607 2.284 121.9241 11.2091 4.773 1,285 Ngt cash g•n•r4ted frOTrVlus￿ inl Inv•stlng actlvltles 117.0751 Net cash usod In financlng activitl•s Not Iner•asel{(lecr•4s•I In cash and ush equSval•nts 381,990 18,3651 Cash and cash equivalents al tegirffting of 204.168 212.533 Cash and ¢ash equlvalents at end of yur 586.158 204.168 10- THE TEAMWORK TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlnq p•lkles Charlty Informatlon The Teamwork Trust is a pnvale company limrted by guwanlee IneL¥porated in England and Wales. The Tegislered office Is Unrt O, St Marks Road, Sl James Industhal Estate. Corby. Northamplonshiie, NN18 8AN. The members of the eomparw are the tnjstee's noted in Ihe referenc£ and adminkstratNe details page. In the event ol the chanty being wound up. the liabilty in resi￿￿ of the guarantee is limited to £1 per member of charity. 1.1 A¢countin9 con¥•ntlon The financial ststements have I￿en wepared in acc1)rdan￿ the twsfs Artr"cles of Associalion, the Companies Act 2006 and 'Accountsng ar￿ Rerxybng by Cha¥iti"e5. Statement ol Reo)mmended Practice applicable to charits.es preparing their accounts in aCcOrdar￿ wth the Finanual Reporb"ng Standard applicable In the UK and Republic of Ireland IFRS 1021 leffectsve 1 January 20191" The trust Is a Public Benerrt Ents"ty as defined by FRS 11r2. The financial statements are wepared in sterting. wthich is the fvn¢t￿￿ currerq of the trust. Monetary amounts in these finawal statements are rounded lo the nearest £. The finam¢ial statements been wepared un(kr the hi￿oI1¢al (x)st O￿ventiOn. rrKxth"fied lo indude the revaluab.on of freehold propert￿ and to I￿Jude investment properties and certain financ#al inStrUmer￿ at fair value. The princ4pal accounting policies alopted are set out bdow. 1.2 Golng concern Al the tsme ol approving the staten*nts. the trustees have a re&8cmaOle expeclatson th* the tTLlSt has adequate resources to continue In Operat￿al existence for the foreseeable future Thus the trustees continue to a(Jopt the g(Hng concern basts of accLwitsng in preparing the finan￿￿ statements. 1.3 Charltable funds Unresiricted lunds are a¥￿la￿e for use al ts disuel￿n of the trustees in furtherance of their charitable objective5. Restricted funds a￿ subj'eca to spe￿fic conditi'ons by dCrf￿S as to tsjw they may be ysed The purpose5 and uses ol the reslricled fvnds are set out in the r¥)tes to the financial statements. Designaled fijnds are subject to spea'fic condrtions as speufied by the trustees. The puwjses and uses of the designaled funds are set out in the ￿teS to the ffinan￿31 statements. 1.4 Income Income is recognise(I the trust 15 legally entsded to rt after any perfomiance condit￿n$ have beers mel. the amcwjnts can be measured feliably. and rt Is wobable that income will be r￿1ved. Cash donab.ons are recognised on recwpt. Other donations afe recognise(l once the tTusI has been notified of the donation. unless performance condib.ons requiTe deferral of the amount. Income tax recoverable in relation to donations received under GIft￿"d or deed5 of covenant 15 rewgnised upon receipt. 1.5 Exp•ndltur• Liabilities a￿ recognised as resources expw)ded as scon as there is a legal or c(￿St￿¢￿ve obligatson committing the chanty lo the expefidl￿re. AJI expendrture Is accounted lor on an awuals basis and is recognised Jn the penod to thich it relates 11 THE TEAMWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 A¢¢ountlng poll¢les (Continuedl 1.6 Tonglble flxed assets Tangible fixed assets are inilialty measured at cost SubSequen￿Y measured at cost or valuation. of depreaatson and any imw"rment ￿sSeS. Derxwation is recognised so as to vrtite off the ojsl or ValUat￿n of assets less tha"r residual valueg over their Use￿ lives on trte fdlry1￿n9 bases." Freehold land and buiklings Plant and equipment Fixtures and ffttsngs Compulers Motor vehicles Office Equipment Canteen Equipment 2.5% 15% 20% 33% 25% 33% 25% The gain or loss a￿￿TrY on the th"¥*15al of an asset Is determined as the rtrffefen￿ bets¥een the sale pr(￿d$ and the (al￿ng value of the asset. and is reo)gnised in net in(wiellexpendiluTel for the year. 1.7 Flxed •sset Investments Fixed asset investments are inth.alty measured at transa¢kn"on pnce exduthng transaction rmts. and are sut>sequently measured at fair value at e￿h rerx)rtir¥J 11ate. Changes in fair value are recognised in nel in¢omellexpendrturel for the year. Transxtion costs *e expenseJU) ¢YJ(ry0￿r ro u) ¢fj O 0¢0￿0 ro o i (4 100 cq ¢D fi 00¢7)0￿ ty I ￿ ¢D t7J O t￿)0 £￿￿0 eooo O(Da)￿) oocryo) O (ry L* LL LL LL U) 3 3 3 T5 0 ULL2 ￿￿_ QLL f)LLJ iv Z< SLL z￿Lu E ZLLLt OppTr O 3 tyj o ￿LLr& >￿c >LL THE TEAMWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 20 DeBignatod funds The income funds of the charity include the following designated funds which have been set aside out of nrestricled funds by the trustees for specffic pufposes". Movoment in funds Balanc8 at Inmming Resour¢ 1 April 2019 ￿Our¢ •xFended Trnrnlern Balance at 1 April 2020 Trnnsfers Balance at 31 March 2021 LSF Project Conlinualion Counselling Training Counselling Provision Wellingborough Land Purchase Counselling Centre Transport Wellingborough Buid11ng Redevelopment Mental Health Service Development Health and Social Care Development Relocatron of Cort)y 40.000 140,0001 4.497 s￿) {1.9231 3.074 3.074 2.500 2.5Crf) 2,500 5.000 5,000 5.000 15,0001 15,0001 Is,0001 50,000 50,000 50.000 50,000 25.000 25,000 25.000 25.000 61,997 500 {1,923} 155.0001 5.574 150.000 155,574 -25- THE TEAMWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 20 Designated funds {Continu•d} LSF Project Continuation The trustees have approved fund5 to continue the marketing and business developmgnl activities for a further year to consolidate the work being don In these areas_ Coun8011ing Trainlng Funds re￿ived, towards txjunselling that are going to be used as start up money, for cpounselling lo provide training courses with the intention of reryding the money to provide more training courses. Counselling Provision Funds desjgnated t<)wards the devel¢)pmènt of the counselling provi$ion. Wellingborough Land Purchase The land that the Wellingborough ￿ntre is built on Is owned by Northamptonshire County Council, Ihe trustees have designated funds to invesb'gale the purchase of this land. Counselling Centre Funds have been designated towards a proposed counselling centre. Transport Funds have been desonaled towards Teamwork hawng its own minibus for transporting members Wellingborough 8uildlng Red•v•lopment Redevelopment of the Wellingborough buitding for improved sockgl enterprise opportunities. Mental Health SeNl¢e Development Funding head of mental health for a year enabl*ng servts development. Health •nd Social Carg Dovelopment SupF)Ort for the NASS living and leaming contract enabling seryice devebwenl and contract compliance. R&locatlon of Cort)y Initial work on investigation on lh)ssib￿ relo¢abon of Corby stte. 21 Analysis of not assets betwgen funds Unrestsicted Rostrictod fvnds funds 2021 2021 Total Unrestricted Restricted fund funds 2020 2020 Total 2021 2020 Fund balances at 31 March 2021 are represented by.. Tangible assets Investments Current asselsl {liabilitiesl 405.595 200.000 405.595 381.754 29,453 89.252 408.320 200,000 437.773 289,252 181.754 190,477 203.392 393.869 116,750 147,898 264,648 372,231 808,987 1.181.218 235.455 756,218 991.673 -26- THE TEAMWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2021 22 Op•rnting leasa eommitmgnts Al the reporting end date the trust had outstanding commitrnents for future minimum lease payments under non-cancellable opeialing leases. which fall due as follows.. 2021 2020 Within one year Be￿een two and five years 1,890 473 8.272 2,363 2.363 10.635 23 Relatfjd party transactlon$ During the year the chanty ￿ceiVed grant monies lotalling £67.407 12020 - £84.1431 from the Mental Health Northanls Collaboration to which a member of the senior management team is a Trustee. 2021 24 Cash generalod from oporation8 2020 Surplus1{def￿ltI for the year 189,545 {14.6491 Adjuslmenls for. Investment income recognised in statement of financial activilios Gain on disposal of investments Fair value gains and losses on investrnents Depreciation and impaim)ent of tangible fixed assets {2,2841 14,411 197,0731 40,124 11,2851 13.148 34,937 Movements in Wofking capital. Decreasellincreasel in debtors Incre8se in credilofs Increase in deferred income 95.321 16.661 140.785 147,2761 23,835 Ca8h generat￿ from operations 378.668 8,710 -27-