Charity registration number 1059202
Company registration number 03254107 {England and Wales)
THE TEAMWORK TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

THE TEAMWORK TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
S M8rshall
A Dady
D Owens
C Davi8s (Chairl
P Griffiths
M Long
T Thom8$
J Fitzroy-Euy
(Appointed 24 March 20221
(Appointed 24 March 20221
IAppDinled 24 March 20221
(Appointed 24 March 20221
(Appoinled 24 Mar(th 20221
Key Management Personnel
CEO- H Burdett-wright (Appointed 8 Mareh 20221
Head of Service Living and Learning - V Bell
HeAd of Support-A Ta￿or Burt I￿signed 1 July 20221
Strategic Director- J Bruce Iresigned 29 April 20221
Operations DiTeclor- G Marshall (resigned 15 Odob8r 20211
Charity numbor
1059202
Company numbor
03254107
Registered office
Unit o, St Marks Road
Sl James Industrial Estate
Corby
Northalnptonshire
NN18 8AN
Auditor
Ellacotts Audit Services Limited
Vantage House
2700 Keltering Parkway
Kettering Venture Park
Kettering
Northamptonshire
NN15 6XR
Bankers
Lksyds Bank plc
48 Marf(et Str681
Wellingborough
Northamptonshire
NN8 1AG
Investment advisors
Telford Mann
Unil 1
Ironstone Place
Kettering
Northamplonshire
NN14 1FN

THE TEAMWORK TRUST
CONTENTS
Pag•
Trustees. report
Independent auditorfs rewrt
Statement of fin8n¢ial actiV￿leS
Balance shetst
Statèm8nt of <%sh ftows
10
Notes to the financial slalements
11-24

THE TEAMWORK TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
Tho tnjstees present their report and audited financial statements for thè ￿ar end8d 31 Ma￿h 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
fin8ncial stat8mènts and comply wtth tha trust's Memor8ndum of Association. the Companies Act 2006 and
"Accounting and Reporting by GhaThlies'. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Repotting Standard appliGabl6 in the UK and Republic of Ireland IFRS
1021 (effective 1 January 20191".
ObjectTrves and artr¥iti85
The truses objects are lo promotg th8 prgS8rvation of health and to assist in relieving and rehabilitating vuln8rable
adults who have short OT long temi and enduring mental health issues, leaming dtfficulties and disabilities or
sensory or physical disabl1￿"eS based in NorthamptOll5hire and by the provision of facilities for work therapy,
education, sockqlly indusive activtties and counselling.
The wlicies 8dopled in fvrtherance of these objects are a5 follows..
. We involved 811 our p&oplo in the deslgn of seryices that they were to access..
. We measured Ihe impact Ihrough indE￿dUals, rryression and recovery by using several recognised tools;
. We generated income through contracts, grants and fundrai5ing'.
. We built a large dffjital presence allowng lor new services to ￿ d&v¢10p￿.
There has been no change in these poliues during the year.
The Iruslees have paid due regard to guidance issued by the Charty Commission In deciding what activities the
trust should undertake.
Achtevements and perfornianc8
The changing economic and social environmental pressures brought on by Covid-19, Brexit, and other inclusion
agendas to supptsrt thè dèlivèry of Hèalth & Social Care Services meant that Teamwork must continuousty look al
new ways of working with its client groups and this year was no differant.
TeamwaTk's strength has continued lo be shown. continuing the new ways of $8rvi(s delivery, which included the
use of digitsl processes through the provision of remots semces. This helped achieve a continuous service vthich
has been delivefed in a seamless way.
There were many examples of the princpples of person-centred thinking running through thé design of new ways of
working at Teamwork, in particular ihe ability to giv8 all our individuals choice and control over how and when they
accessed seTvices. In add(b"on, T8amwork en8bJed its people to start to contritHJte their own thinkn.ng on the services
that should b8 delivered.
During the year ended 31 March 2022, we were able to mak8 a signffjcanl impact by delivering the following to our
service users..
Social Carg
Living and Leaming- We were able to deliver 26,238 sessions to 112 Servi￿ users Wtth leamlng. physical
or sensory di58bilities including autistic adulls. These included ￿MOte sessions where service users were
unable to attend our sites, however, the vast majoity saw a retum to a fa￿l0-face provision of the senrice
following lifting of Covid restrictions during the year.
Education - We delive¥ed 433 classes to 86 service users across 19 different subjects during the year
which resulted in 36 of those seNice users achieving nationalty accredf(ed qualffications and a 1000/0
success rale in a¢hioviny in-house qualifications.

THE TEAMWORK TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Mental Hèalth
Wellbeing - During the year, we delivered 20 wellbeing educat'on network coutses of belween 64 weeks.
We also delivered 7 short courses. 48 weekly peer support group5 and 12 walking groups.
Black Counselling Project- We ran this project during the year Ill QTder to try and raise the profile of the
organisation as a provtder of seNices available for all. We supported 50 global majority clients and these
S8ssions ￿r8 d8livered by two global majority counsellors.
Communlty Engag8m•nt
Community Champions - We recrust8d 5 part-time lived experien￿ staff in thè yè8[ in Order to delivar 8 6-
month project cenlred around disability indusion which helped to r88(*1 5,000 people.
Census Support- We employed 12 part-lime staff for 3 months to provide digitsl support to the Kettering,
Corby and Wellingborough communities in order to complete their Census fom)s. This was funded ihrough
our Good Things Foundation Proled.
Volunteers
We provided 16am8d opportunities to 56 volunteers who support8d our projects during the
year.
Fin•n¢lal rèview
The ye81 can be summarise(l as one of transition for the Charity. This (¥n be seen in the InC￿aSed staff and
recruitment costs in the year as the Charity put into p18¢e its re-organisational structure in order to take the Charity
forward and grow.
This included several new trustee appointments so that the Board of Trustees had tho desiied skill sets to provide
thè lèv81 of goveTnancg required for the size of the organisation.
In temis ol numbers. the Charity achieved 4 £140,247 deficit for the year. £127,000 of which can be attributed lo the
stsff arKI recruitrnent increases.
The markets were relatively stsblts at th8 year end and showed a modest unrealised gain of £4,498.
This then flows down to th8 r98erves of the Charity which at 31 March 2022 showed reserves of £1.040,971, split
between restricted £644.406, designated £272,062 and unrestricted fvnds of£124,503.
Goln9 concem
After making appropriate enqurri¥s. thè Board of TTUStees. including all Committees, has a reasonable èxpectation
that the Ac8demy Trust has adequate resources to continue in 0￿rational existence for the foreseeable ft¢ture. For
this reason it continues to adopt th8 going concem basis in preparing the financial ststements. Further detsils
regarding thè adoption af the going concern basis can be found in the A￿o￿ntIng PolirAes note 1.2 of the financtal
statements. The Trust ensures that resources are managed lo ensure sustainability.
Reserves policy
11 is the policy of the tntst that unrèstrict8d fund5 which have not been designated for 8 5perAfic use should be
maintained at a lèvg18qtJlv81enl lo beiween three and six month's core expenditure.
The trustees consider that r858rves al this level will ensure that. in the èvent of a significant drop in funding. they will
be able lo (x)ntinue the trust's current activilies while wnsideration is given to ways in which additional funds may
be raised. This level of reS8￿S has been maintsined throughout the yèar.
The reseryes are revlewed at each Finance cornmittee meeting and r8ttfied at each fvll trustee board meeting.
Invastm•nt pollcy
We invest ftjnds to generate a ￿pital growlh over a long-teTm period. This is reviewed by a sub-committee on a
guarterly basis and we can confvmi thal the objeth've has been met.

THE TEAMWORK TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
structure, governancè and management
The trust is a company limited by guardntee, governed by its Memorandum and Artides of Association dated 24
September 1996 and amended on 27 February 2019.
The trustees, who are also dir8Ctors foi the purposè of wmpany law. and who served during the year and up to
the date of signature of the financial statements were..
J Noble (Ch81TI
(Resigned 24 March 2022)
(Resigned 24 March 2022)
IResigned 24 March 2022)
D Glen
S Marshall
R Boswell
A Dady
R Collins
D Owens
C Davies IChaiTI
P Griffiths
M Long
T Thomas
J Fitzroy-Ezzy
(Resigned 24 March 20221
(Resigned 24 March 20221
(Apwjinted 24 March 20221
(Apptsintéd 24 March 20221
(Appointed 24 March 20221
(Appointed 24 March 20221
(Appointed 24 March 20221
None of the trustees has any b8nefi(llal inltrrest in the company. All of the trustees are members of the company and
gu8rantee to ccmtribute £1 in the event of a winding up.
Trustee Appolntments
Trustees a￿ elected by the boafd of trustee5 and will hold office until the AGM eath year where they become
eligible for re-appointrnen*.
Th8 rninimum number of tmstees is 8 wth the maximum being 14.
New Iru5t8&s are interviewed by the Chair of the trustees and fv40 Iruslees prior lo recommendation for
appointment, during which lim8 they will hav8 had the vision 8nd 5trat&gy of the charity 8xplain8d to th8m. New
trustees a￿ provided with a copy of the Charity Commission publI￿tionS Welcome lo new Tru5tees' and The
Essential Trustee.. What you need to know,. C(x1e of Conduct and Job Description.
Risk Management
The Iruslees have assessed tha major rlsks to which tha trusl is exposed, and are sausfied that syslgms are in
place to mitigate exposure to the major risks.

THE TEAMWORK TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
ststement of trustees. rèsponsibilities
Tha trustees. who are also the direcloT5 of Th8 Tèamwork Trust for the purpose of company law, are responsible for
preparing the T￿Stees. Report and the financial staternents in accordance wth applicable law and United lQ'ngdom
Accounting Standards Iuniled Kingdom Gènèrally Accepted Accounting Pracbcel.
Company Law requires the trustees to prepare financial statements lor each financial year which give a trLte arKI fair
view of the stale of affairs of the trust ol the incoming resources and app14cation of resources. including the
income and 8xpenditUTe, of the ¢harriable cornpany foT that year.
In prepsring these finan¢i81 statements. the Iruste9S 8re required to..
- select suitable accounting poliC￿S and then apply them consistenuy:
- observe the methods and principles in the Charities SORP-
- rnake judgemènts and estimatss that are Teasonable and prudènt".
state whether applicable UK Accountsng Standards have b88n followed. subject to any matèrial departurBs
disdosed and expl4in8d in the financial stal&tnènts," and
prep8rg the financial statements on the going concern basis unl8ss it is irbappropTiate to presume that Ihe trust will
continue in operation.
The trustees are resrK)nsible for k8eping adequate accounting r8cx)rds that disdose with reasonable ac¢ur8¢y at
any time the financial position of the trust and 8nable them to ensure that the financial statemer¢ts cornply with the
Companigs Act 2006. They are also responsible for safeguarding the assets of the trust and hon¢9 for taking
reasonable steps for Ihe prevention dètèction of fraud and other irregularities.
The trustees are re5ptsnsible for the maintenance and integrity of the cotptsrate and financial infomiation induded on
the charitable company's website. Legislation in the United Kingdom goveming the pr8paration and dissemination ol
financial ststfymenls may differ from lègislation in other jurisdictions.
Auditor
In accord8ric@ with the companys 3￿cleS. a resolution proposing that Ellacotts Audit Servi￿s Limited be
reappointed as auditor of the company wll be put at a General Meeting.
Diselosure of 5nformation to audltor
Each of the trustees has confirmed that there is no inft>tmation ol which they are awa￿ whtch is ￿levant to the
audit, but of which the auditor is unaware. They have furthgr confim8d that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such infom)ation.
The trustees. report vras approved by the Board of Truslees.
C Davies (Chairl
Trustee

THE TEAMWORK TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE TEAMWORK TRUST
Opinlon
We have audited the financial statements of The TeamwDTk Trust (the 'trust'l for the year ended 31 March 2022
which comprise the statement of financial activities, the balance sheet, the statement of cash flows and noles to the
financial ststements, induding siqnificant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Slandaids, indtsding Financial
Repgrting Slandard 102 The Financial Repotting Slandard applic8bl8 in the UK and RepubliG of I￿{31￿ Iuniled
Kingdo¥n Generally kncepted Accounting Piacticel.
In our opinion. the fin8naal stalements..
give a Irue and lair Mew of the state of the charitable company'$ affairs as at 31 March 2022 and of its
incoming rèsources and application of resources, for the year then ended..
have been properfy prep8red In accordance wth United Kingdom Generally Accopted Accounting Practice..
and
have been prepargd in accordanc4 with the requirements of the Companies Act 2006.
Basis for oplnion
We conducted our audit in accordance with Intemational Standa¥ds on Auditing IUKI {ISAs IUKII and applicable
law. Our responsibilities under those standards are further described in the Audilofs r8sponsibilities for thè èudit of
th6 financial ststements section of our report. We are independent of the trust in accordance with the ethical
requirements that are relevant to our audit of the financtal statements in the UK. induding th6 FRC'S Ethical
Standard, and w8 have fvlfilled our other ethical responsibilities in accordan￿ with these requbrèments. We believè
th8t the audit evidence we have obtained is sufficient and appropriate to provide a b8sis for our opinion.
Conclusions rolating to golng concern
In auditing the financial statements, we have conduded that the trustees. of Ihe going concem basis of
accounting in the preparaknon ol the financial statements is appropriate.
Based on the work we have performed, we have not idenlified any materi81 ￿n￿rtaintieS relating to events OT
conditions that. indwidually or collectively, may cast significant doubl on the trust's ability to continue as 8 going
con￿￿ for a pgriod of at least iwefve months from when the financial statements are authorised for issue.
Our respon5ibilibes and the responsibil￿aS of the trustees with respeci to going concem are described in the
relgvant sections of thi5 report.
other infomiation
The other infomiation comprises the inforffjation included in the annual report oth8r than the financial statements
and our auditovs report thereon. The trustees are responsibl8 for the other information contained within the annual
Teport. Our opinion on the financial statements does not cover the other infottTtation and, eX￿pl to the extent
olherw15e explicitly staled in OLSr report. we do not express any fomi of assurance conclusion thereon. Our
respc*nsibility is lo Tead the other informalion and. Sn doing so. consider whether the other infomiation is materially
inconslstènt with the financial statements or our knowledge obtalned in the course of the audit, or Oth￿n￿ls& 8ppèars
to be materially misstated. If we identrfy such material inconsistencies or apparent material misstatements. we are
required to determine whether this gives rise to 8 material misstatement in the financi81 statements themselves. If,
based on the work we have performed. we conclude ihal there is a material misstatement of this other infoTmation.
W8 are required to Teport that fact.
We have nothirvJ to roport in this regard.
Oplnions on other matt•rs prescribed by the Compani$s Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the information given in the trustees. report for the financial year for which the finan(ial statewneftts are
prepared. which includes the directors, report prepared for the purposes of company law. is consistent with the
financial statements.. and
the directors, report included within the Iruslegs, reKK)rt has been PTepaTed in ac(x)rdance with ap￿[Cable legal
uiremants.

THE TEAMWORK TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE TEAMWORK TRUST
Mattèrs on whlch we are requlred to rnport by èxc•ptlgn
In the light of the knowledge and understanding of the trust and its environment obtained in the course of the audiL
we h8ve not identffjied mateTial tnisstatements in the director5, report indLtded within the tnjslees, report.
In th8 light of the knowledge and understsnding of the company and its environment obtainèd in the course of the
audit, we have not identified material misstatemenis in the trustees. reFK>rt. We have rK)Ihing to report in respect of
the following matters in relation to which the Companies Act 2006 requires us to Teport lo you il. in ￿lT opinH)n:
adEquate accounting records h8ve nol been kept, or retums adequale for our audit have not been received
Irorn branches not visited by us., or
the financial statements are not in agreement with the accounting r6cords artd retums- or
certain disclosLsres of trustees, rernuneration specyfied by law are not made,. or
we have not re￿iVed all the infomiation and explanations we require for our audit.. or
the truslees were not entitled to prepa￿ the financial stst8m9nts in accordance with the small companies
regrme and take advantage of the small companies, exemptions in p￿paring the trustees. report and from the
requirement to prepare a strategic report.
Re$ponslbllltles of trustees
As explained more lully in the statement of trustees. responsibiltti8S. the trustees, who are also the director5 of the
trusl for the purpose of company law. are responsible for the preparation of the financial statemènts and for being
S8ts"sfied that they giv8 a true and faÈr view, and for such intemal control as the trustees d8t8rrnine is nece&%ary to
enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or
erroT. In prepanng the financial stslements, the trustees are responsible for assessing the trust's ability tr) continue
as a going con￿rn, disdosing. as applicable, matters relatod to going concem and using the going concem basis of
accounting unless the trustees either intend to liquida19 the oharilable company or ks cease operations, or have no
realistic 81tem8tiv8 but to do so.
Audltorfs r•sp0Tr5ibiliti•s for the audit of the financial stat•m•nts
Our objectives are to obtain reasonabl8 assurance about whether the financial statements as 8 whole are free from
material rnisslatemenl, whether due to fraud or error. and to issue gn audilorfs report that includes our opinion.
Reasonable assurance is a high level of assuranc8 btrt is not a guarantee that an audit conducted in accordance
with ISAS IUKI wÈll always detect a material misslalement when it exists. Mi55tstoments can arise from fi8ud or
error and are conside￿￿ material if, individually or in the aggr8gate. they could reasonably be expect8d to influence
the economic d&cisions of users laken on the basis of these financAal statements.
The exient to which our prO￿dureS arg capable of detecting irregularities, induding fraud, is detailed below.

THE TEAMWORK TRUST
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF THE TEAMWORK TRUST
Because of the Énh8r8nt limitations ol an audit. there is a risk thal we will not detect all irreguiarilie5. incjuding those
Igading to a material misststement in the financial statements or non-compliancè with regulation. This risk increases
the more that compliance with a law or regulation is re¥noved from the events and transactions reflected in the
financial statements, as we will b8 lèss likely to become aware of I[￿tanceS of ￿On-COmplianCe. The risk is also
greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional concealment,
forgery. collusion. omission or misrepresentation.
As part of an audii in accordance with ISAS IUKI, we exercise profe￿lOnal judgement artd maintain professional
s¢epticism thr￿ghOul th8 audit. We also perform the following procedurtrs:
Enquiry of managetnent, those charged with govemance around actual and potential litigatson and claims.
Enquiry of entlty staff in tax and Complian(￿ functions tr) identify any instances of non-compliance with laws and
regulations.
- R8vi8wing minutes of meetings ol those charged wth govemance.
Reviewing f*n8ncial statemerlt disclosures and tèsting to supporting documentat¥)n to 8sse8s complkgnce with
applicable laws and regulations.
Audikn"ng the risk of management OV8rride of contro￿, induding through lestlng joum31 entries and other
adjustments for appropriateness. and evaluating the business raUonal8 of signtficant transactions outside the
nomial course of business.
A further description of our rèsponsibilities is available on the Financial R8pothng Council's website at. https'.11
www.frc.org.uklauditOTsrespK)nsibilities. This de5CriPtion foms part of our auditorfs report.
Use ol our report
This report is rnade solgly to th& charltsble company's members, as a bo(ly. in accordance with Chapter 3 of Part 16
of th8 Companies Act 2006. Our audit work has been undertaken so that we might 5tste to the charitsble company's
members those matt8rs we are ￿qUired to slate lo them in an auditors, report and IOT no other purpose. To Ihe
(ullest extent permitted by law, we do not accept or assume responsibility lo 8nyon8 Oth8r than the charitable
company arKI thè charitable company's members as a body. for our audit work. foi this rew)rt, or for the opinions we
have fofmed.
Charlotte Toemaes BS¢ FCA Isonlor Statutory Audltor)
for and on behalf of Ellacotts Audit S+￿ICes Llmlted
Chartered Accountsnts
Statutory Auditor
Vantage House
2700 Kettering Parkway
Ketteiing
NorU)atnptonshire
NN156XR
21112122

THE TEAMWORK TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
Unrestricted Restrlcted
funds
funds
2022
2022
Total Unrestricted Restricted
funds
funds
2021
2021
Ttytal
2022
2021
Notes
Income and endowments from..
()onations and legacies
Charitable activities
other trading activities
Investments
Other income
28,884
830,031
8,505
1.593
274,886
303.770
830.031
8.505
1,593
142,806
740,967
6,424
2,284
1.074
359.011
501,817
740.967
6,424
2.284
1,074
Total Income
869,013
274.886
1.143,899
893,555
359.011
1,252.566
Ex
ndltur• on:
Raising funds
6,938
6.938
5.135
5.135
Charitable activities
Programmè PTovisiori
Soctal Ent8tprise
Trading
789.559
437.921
1,227.480
790.740
301,549
1.092.289
52.fj80
1,546
54.226
62,388
4.693
67.081
Total charitable WAp•ndltur•
842.239
439.467
1.281.706
853.128
306.242
1,159.370
Totsl expenditur•
849,177
439,467
1.288,644
858,263
306,242
1.164.505
Net gainslllossesl on
inv8stm&nts
13
4,498
4.498
101.484
101,484
Not movement in funds
24,334
1164,581) 1140.247}
136.776
52.769
189,545
Fund balan￿ al 1 April 2021
372,231
808.987
1.181.218
235,455
756.218
991.673
Fund balances at 31 March
2022
396,565
644,406
1,040.971
372.231
808,987
1.181,218
Thè stateM￿t of financial actiwtjes indudes all gains and losses recognised in thè y8ar.
Al incomè expenditure derive from continulng 8ctivitTe5.
The ststetyTrent of financial actiwb"¢s also rxjmplies wth the reqLtirements for 8n income and expenditure account
under the Companies Act 2006.

THE TEAMWORK TRUST
BALANCE SHEET
AS AT 31 MARCH 2022
2022
2021
Notes
Flxed assets
Tangible ass8ts
Investments
14
15
378.093
381.125
405,595
381,754
759,218
787,349
Cuyrnnt assets
Debtors
Cash at bank and in hand
133.981
370,010
47,244
586,158
503.991
633.402
Creditors: amounts falling due within
one y•ar
17
1222.2381
1239,5331
Ngt current assets
281,753
393.869
Totsl assets le55 eurr8nt liablllll•s
1,040,971
1,181,218
Incomè funds
Restricted ftjnds
Unrestricted funds
Designated funds
General unrestricle(l fijnds
19
644.406
808,987
20
272,062
124,503
155.574
216,657
396,565
372.231
1,040.971
1.181,218
These financial statements havè been prepared In accordance vrith the provisions 8pplicabEe to companies subject
to thè small companies regime.
The financial statements were approved by the TTUStees on ..
C Davie51Chair)
Trustee
Company Registratbon No. 03254107

THE TEAMWORK TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Notès
Cash Ilows from operating aetlvttles
Cash labsortjed byygener*ed from
oper8tions
24
1214.3531
378.668
Investing activities
Purchase of tsngible fixed assels
Purchas8 of investments
Proceeds on disposal of investments
Investment income received
18.515}
{7781
5,905
1,593
17,946
16231
9,607
2,284
Nèt cash (usèd Inllgener•tsd from
investlng actlvities
11,7951
3,322
Net ¢a5h used in financlng activitiès
Net Id8creasellincr¢asg In cash and cash
•quivalents
1216.148)
381,990
Cash and cash equivalents 8t beginning of year
586,158
204.168
Cash and cash equivalents at ènd of year
370,010
586.158
10-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting pollcles
Charity inforn)ation
The Teamwork Trust is a private company limited by guaranteg incorporatèd in England and Wales. The
registèred office is Unit O, Sl Marks Road. St James Industrial Estate. Corby, Northamptonshire, NN18 8AN.
The members of the company are the trustee's noted in the reference and adtninistrab.ve details page_ In the
gvont of the charity bein9 wound up, the liability in respect of the guarantee is limited to £1 per member of
charity.
1.1 Accounting convèntion
The financial statèments have been prepared in accordance thg trusts Arb"des of Association. th9
Companies Acl 2006 and "Accounting and Reporting by Chariiies= Statement of Recommended Practice
applicable to charities preparing their accounts in accordance wÈth the Financial Reporting Standaid
applicable in the UK and R9public ol Ireland IFRS 1021 leffective 1 January 20191". The trust is a Public
6enefit Entity as defined by FRS 102.
The financial statements are prepared in sterfing. which is the functional C￿r￿rICY of the trust. Monetary
amounis in these financial statements a￿ rounded to the nearest £.
The financial $tstgmènts have been Prepared under the historical c05t convention.The prinupal accounting
policies adopted are set out P)elow.
1.2 Going concarn
Al the titne of approvtng the financial statements. the trustoes have a reasonable expectation that the trust
has adequate resources to continue in operational existence for the foreseeable fulure. Thus the tfustees
continue to adopt the going con(xm basis of aecounting in preparing the finanaal staternenls.
1.3 Charitable funds
Unrestricted funds a￿ available for use at the discretion of the trustees in fvfther8n￿ of their charitable
objectives.
Restricted funds are subject to specific condittons by donors as lo how they may be l￿ed. Th8 purposes and
uses of the reslricte(I funds are set out in the notes to the financial statements.
Designated funds are subject lo specific conditions as specified by the trustees. The purposes 8nd uses of the
designated funds are set otrt in the not8s lo the financial slatements.
1.4 Income
Income is recognised when the trust is legally entitled to it after any perforrnan￿ COr￿ltionS have been meL
the amounts can be measured reliably, and il is piobable th8t IllEome wll be ￿Ceived.
Cash donations are r8cognisèd on r8e•ipt. Oth8r donations are recognised once the trust has been notified of
the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation
to donations received undei GIft￿d or deeds of covenant is recognised upon receipt.
1.5 Expenditur•
Liabilities are ￿CogniSed as resources expended as won as there is a lègal or constnjctrve obligation
committing the chatty to the expendrture. All expenditure is accounted for on an accruals basis and is
r8eognised in the period to which it relates.

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
(Continuodl
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequenty measured at cost or valuatson, net of
depreciation and any impaiment lossgs.
Deprecialion is recognised so as to write off the cost or valuatron of assets less their residual values over their
usefvl lives on the following basts..
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Molor vehides
Office Equipment
Cant8èn Equipment
2.5%
15°h
20%
33%
25%
33%
25V
The gain or loss arising on the disposal of an asset is detemiined as the dtfference betweèn the sale proceeds
and ihe carrying value of th& asset. and is r8cognis8d in Ihe ststernent of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially rneasured al transaction price excluding tr8Tr5acIK)n costs. and are
subsequenuy measured at farr value at each reporting date. Changes in fair value are recognisèd in net
incomellgxpenditurg) for the year. Transaction costs are expensed as incurred.
1.8 ImpaiTment ol fixed assets
Al each reporting end dale. the tnjsl reviews the carrying amounts of its tangible assets lo detemiine whether
there is any indication that thosè assfyts have suffered an impairment loss. If any such indi(3tion exists. the
recoverable amount of the assel is estimated in order to dètèmiinè the &xient of the impairment loss lif anyl-
1.9 Ca$h and ¢ash 8qulval•nts
Cash and cash equivalents include ￿5h in hand, deposits hekl at call with banks, other short-lemi liquid
inveslments with original maturities of three months or lèss, arhd bank overdrafts. Bank overdrafts are showrh
thin borrowings in current liabrlities.
1.10 Flnancial instrumènts
The tnjst has elected to appty the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther
Finanrial Instwments Issues, of FRS 102 to all of rts finanaal instruments.
Financial in5tnJm8nts are ￿cOgniSed in the trusfs balan￿ sheet when tho trust becomes paty lo the
contractual provisions of the instrument.
Financial assets and liabilihes are offs8t. with the nel aTnounls pr￿Sented in the financial Statements. when
there 15 a legally enforceable right to set off the Tecognised amounts and there is 8n intention lo settle on a net
basis or to realise the asset and settle the liabilty simultaneously.
Basic ffnanclal assets
Basic financial assets. which indude debtors and cash and bank balances. are initially ¥neasured at
tr8nsaction price includÈng transaction costs and are subsequently carrièd at amortised cost using the effeclive
interest method unless th8 arrangement constitutes a financing transaction. where the transaction is
measured at the present value of the future re￿ipts discounted at & market rate of inleresl. Finanaal assets
dassffied as receivable within one year are not 8rn0rtised.
12-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
(Continued)
Basic financial liabiltties
Basic financial liabilthes. including creditors and bank loans are initially rewgnised at transacb.on pri¢e unless
the aTrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the futsJr8 payments discounted at a market rate of interesl. Finanaal liabilities classified as payable
within one year are not amorti58d.
Debt instruments are subs8quen￿Y ratried at amortised cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classiffed as CUTtent liabilÉties rf payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade ¢r8ditots arè recognised initially 8t
transaction 8nd subsequendy measured at arnorti5gd cost using the effective interest method.
Derecognition of financial liathlities
FinancAal liabilitiès are derecognised when the trust's covhtraciual obligations expire or aTe discharged or
ancèlled.
1.11 Employ•• beneflts
The cost of any ur¢used holiday gntitlemont is recognised in the period in whlch the employee's S8￿C&S are
eived.
Temiinalion beneffts are recognised immediatety as expense when the Ifust is dernonstrably committed lo
lem)inate the ernployment of an ompk)yee or to Provide terrninalion benefrts.
1.12 Retlr•mènt benefits
Paym8t)ts to defined contribution r8tir6mnt benefit schemes are charged as an expense as thèy fall due.
Crittcal accounting estimates and judgements
In the applicatton of the Irusl's accounting poli¢i8s. the trUSt￿S are required to mak8 judgements, estimates
and assumptions about the carying amount of asse15 and liabilities that are not readily apparent from olher
sources. The eslimales and as%>ciated assumptions are based on historical experienee and othei factors that
are considered to be relevant. Actual resU￿S may differ from these estimates.
The eslimales and underlying assumptions a￿ rèvièwad on an ongoing basis. Revisions to acwunting
estimates are recognised in the period in which the estimate is revisgd where the revision affects only that
period, or in Ihe period of the revision 8nd future ￿riOdS where the revision 8ff8cts both curr8nt and futurg
periods.
Donations and legacies
Unr•strlet•d R•strlcted
funds
funds
Total Unrestricted
funds
Restricted
funds
Total
2022
2022
2022
2021
2021
2021
Don8tlOll5 8nd gffts
Grants
10.271
132.535
720
358.291
10,991
4￿.826
22.000
274.887
296,887
28,884
274,886
303,770
142.806
359.011
501.817
13-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Charltable aetivltles
Health and Hèalth and
Soclal Care Soclal Car•
2022
2021
Programme provision
Social enterprise trading
803.692
26.339
708,766
32.201
830.031
740.967
Oth•r tradiny activitie5
Unrestrlet8d Unrestricted
fund5
fund5
2022
2021
Fundraising events
Rental of non4nvestment property
6.205
2,300
695
5,729
Othertrwjing actNibes
8.505
6,424
Investments
Unrestrfcted Unrestricted
funds
funds
2022
2021
Investmenl i[￿0M&
Bank interest
695
1.720
1.593
2.284
other incom&
Total Unrestricted
funds
2022
2021
Other incomg
1.074
14-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2022
Raising funds
Unre5trlcted Unrestricted
lunds
funds
2022
2021
Fundraisin
and bli
Staging fvndraising events
1,114
Inv8Stm8nt mana
emen
5.824
5.135
6,938
5,135
Charitabl8 activitigs
Programme
Soclal
Provlsion Entèrprise
Trading
2022
Total Programm•
Social
2022 Provislon Enterprise
Tradlng
2021
Total
2021
2022
2021
Staff costs
Depr￿lation 3nd
impairnient
Direct Costs
707,541
35.797
743.338
595,113
40,301
635,414
1.000
9.184
1,000
372.471
3,999
15,890
3,999
382,136
363,287
366,246
1.070,828
45.981
1,116.809
961.359
60.190 1.021,549
Share of support costs IsÈ8
note 101
Share of govemance costs
(see note 101
142,692
7.510
150.202
123.543
6,502
130.045
13,960
735
14,695
7,387
389
7,776
1.227,480
54,226 1.281,706 1,092,289
67,081
1,159,370
Anatysis by lund
Unrestricted funds
Restricted fvnds
789,559
437,921
52.680
1,546
842,239
439,467
7￿,740
301,549
62.388
4,693
853,128
306,242
1.227.480
54,226 1.281,70fj 1.092,289
67,081
1,159,370
15-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
10 Support eo$ts
Support Govwnancè
costs
2022Support costs GovÈmance
costs
2021
Staff costs
Depreciation
Rècruitsnent
Computer so￿re
Sundry Exp8nditure
Training, Travel &
Subsisten
8ad Debts
97.419
35.010
11.408
2.84S
360
97,419
35.010
11,408
2,845
86.520
36.123
86,520
36,123
2.322
246
2.322
246
889
2.271
889
2,271
204
4,630
4.630
Audit fees
Accountancy
Lagal and professional
Refrgshments
AGM and Truslee
Recruitment Costs
5,900
1,350
5.900
5,500
1,SOO
776
5,500
1,500
776
26
26
7.419
7.419
150.202
14,695
164,897
130,045
7,776
137.821
Analysed be￿een
Chariiable aclNities
150,202
14.695
164,897
130,045
7,776
137.821
Governance costs includes payments to the auditors of £5,90012021- £5,500} for audit fees.
11
Trusteès
None of the trustees lor any persons connected with them) rec8iV8d 8ny ￿M￿neratiOn or benefits from the
trust during the year12021'. none).
12 Employees
The average monthty number of employee8 during the yg8T was..
2022
Number
2021
Number
39
39
Employm&nt costs
2022
2021
Wages and salaries
Social security costs
Other pen8V)n co*s
733,701
80.580
26,476
649.228
45.980
26.726
840.757
721,934
16-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
12 Employ8•S
{Continu•dl
The total employee remuneration and benefits of the key management personnel of the Charity were
£17LI.09212021: £81,902).
During the yeaf the charity made no Ex-Gralia pa￿entsI2021. £nill.
13 Nèt galnslllossesl on investments
Unr8stricted Unr881ricted
funds
funds
2022
2021
Revaluation of irTrv8stmènts
Gainlllossl on sal& of investsments
4,498
97.073
4,411
4,498
101.484
17-

o Ln
UJ r
u)
O LT>
(y
como
cry
o LU

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
15 Fixed ass•t Investnt•r
Llst•d
Investments
Cost or valuation
At 1 April 2021
Additions
Valuation thanges
Dlsposals
381.754
778
4.498
15,9051
Al 31 March 2022
381,125
Carrylng amount
At 31 March 2022
381,125
At 31 Mar¢h 2021
381.754
16 Debtors
2022
2021
Amounts falling due within one year:
Trade debtor
Other debtors
Prepayments and accrued incomg
100,622
35.628
13
11.603
33,359
133,981
47,244
17 Crgdltors: amouDts falllng due withln one year
2022
2021
Notes
other tsxation and social security
Deferrèd Income
Trade (*editors
Other creditors
Accruals and deferred income
69,528
68,167
29.808
2.039
52.696
23,694
140,785
28,360
4.661
42.033
18
222,238
239.533
18 Dof•rr8d Income
2022
2021
Other d81èrred income
68,167
140.785
19-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
18 Deferred incomè
(Continued)
Dèferred income is included in the finan(ial statements as follows".
2022
2021
Deferred income is induded within..
Current liabilities
68,167
140,785
Movemenls in the year.
Deferred income at 1 April 2021
Relaased from previous periods
R950urces deferred in the year
140,785
{140,7851
68.167
140,785
Deferred income at 31 March 2022
88.167
140.785
19 R•strlct•d funds
The income funds of the charity in¢lude restricted funds comprFsing the following unexpended balances of
donations and grants held on trust for specific purposes-
Movèmont in funds
Incoming
Rtrsour¢es
Balance at
resources
expended l April 2021
Movèment in funds
Irwrnlng
Re$ovrces
e50UIC
xptrnded
Balance at
1 April 202
Balance at
31 March
20
Community
Chatnpions
Community
Fund..
Gardening
Comfnunity
Fund..
Reaching
Comrnunilies
Cornmunity
Fund..
Variation
Project
CO-OP
Dtgital
Transfonnat•)
10.000
110,(K)01
8.920
14,6931
1450)
85.532
167.360
{192.3651
60.527
85,831
1146,3581
100,000
1,723
113,8291
86,171
3,172
188,1711
1.449
3.172
17,505
9.349
3,737
17,7561
13.486
9,349
2,680
(1,989}
14,1TI
9,349
Harws Fund
HMRC Job
Retention
MHNC
NCC Infection
Control
NEP- Building
Better
Opportunities
1,273
4,590
11,2731
1105}
4.485
121.988
1121.9881
948
37.860
136,7171
2.091
38,524
139,4891
1.126
-20-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
19 R$stricted funds
Iconttnuedl
New 8uilding
Fund
North
Northampton
shire Counctl
Post¢ode
Lottery
Servic@
Delivery Fund
Time to
Change
408,320
408,320
408.320
33,115
10,179
143.2941
10,000
110,0001
19,232
19.232
{19,2321
200,000
200,000
200,000
10,000
17.5881
2,412
12,4121
756.218
359,011
(306.2421
808,987
274,886
1439.467)
644.406
Communlty Champions
Collaboration with made with many and Support Northamptonshire to provide information and support around
ovid vaccination
coionavirus.
part of the covid relief funding lor disability and BAME groups who were most at risk from
Communlty Fund: Gardening
This Lottery funded project was almed at d&v81oping an outdoor offer durfng the p8ndemic to ensure that
service users rxjuld continue lo participate in meaningful activity whilst allowing us lo develop an
understanding of demand for a Gardening and Grounds mainttrn4n￿ social enterprise.
Communlty
Fund:
Raaching
Communitl•s
Three year grant from National Lottery Community Fund that builds communty resilience and social capital
that will lead to sustainable actrvity-, individuals will have 8 true voice the govemance and direction of the
services that they a￿sS and therefore be able to take part in th8 design and delivery of those servic£s.
Communlty Fund.- Varlatlon Project
This lottèry funding supported Teamwork through the Lod(dowrks and pandemic period to review and evalyate
the programmes it offered and to find ways to ensure that they were sustainable and appropriate to need. It
also ensured that we were able to continue to respond to the needs of our clients throughout the year.
Cowop
Funds were received from c￿0p for the fft out of the Men's shed in Wèjlingborough.
Dlgital Transtomiatlon
Ongoing digital transformation project moving Teamwork towards a doud based Sol￿tion.
-21-

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
19 R•striet•d funds
(Continued)
Harry's Fund
A Fund that allow5 individuals to b8 part of a comtRunity wth purpose, structurè, new friendships and work
experience.
HMRC Job Retention
Funding claim for some ernployees put on Ilexible furfough because of coronavirus (Covid 191.
MHNC
Funds for Teamwork for infrastruoturg d8veiopment for the MHNC to incroase (*pa¢ity to d91iver services.
NCC Irrfection Control
The primary purpose of th*s was to support local authority care providei to redu￿ the rate of Coronavirus
transmission and support wider workforce resilience. NCC aL¢dit teams are in the process of reviewtng how
this money w8$ spent at NCC and therefore it remains restricled.
NEP.. Building Bèttèr Opportunltl•s
Teamwod( is working as a delivery member of Commsortia who is a delivery partner along with the University
of North8mpton in the Working Progress project for the EtJTopean Social Fund and Big Lotterls project
"Building Better Opportunities.. This proleci is supporting people who are unemployed or eCor￿mI¢allY
inactive to move closer lo the job market.
New Building Fund
Funds were received from Corby and WellingboroLtgh councils towards the new buildings at Wellingborough
and Kettering and r8furbishmerht ¢osls 8t CoTby. The balance will be u58d lo fund fuiurÈ depreryation of these
buildings.
North Northamptonshire Council
Funding to support Wellbeing Project development.
Postcode Lottery
Funding from the Peopl8s P05tcode Lottery to m88t the m8nt81 health need5 of those tno$l affected by the
pandemic in Wellingborough. The Black counselling project is being delivered lo people from Ihe 8AME
community by qualffied peèr counsellors from the BAME community.
Service Dellvery Fund
The Trustees have decided to set up a fvnd to protect the supply of services due lo the uncertainty in local
atjthority long term funding for our programmes.
Tlme to Chang•
Funded by Public Health Northanls to MHNC- this funding was to support the development of a Time to
Change Organic lunfunded by the national project) Hub. It paid for a day per week salary tor one workèr from
Tfjamwork to promote the removal of stigmas around Mental Health.

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
20 Deslgnated funds
The income funds of the chartty include the following designated fijnds which have been set aside out of
unrestricted funds by the trustees for specific purposes".
Movement in fund5
Balance at
tn¢omlng R8sour¢68
1 Aprfl 2021 èxpend
Balarkce at
l Aprll 2020
Trnnsfers
Tvansfer
BaSan¢e at
31 March
2022
C(￿nSellIng
Training
Counselling
Provision
Wellbeing
Wellingborough
Buidling
Redevelopment
Mental Heallh
Service
Development
Heallh and Social
Care Devglopment
Relocation of Corby
3,074
3.074
3.074
2.500
2.500
12,5001
{3181
318
50,OOLI
50,000
118,988
168.988
50.000
50,000
50.000
25,000
25,000
25.000
25,000
25,000
25,000
5.574
150.000
155,574
318
12.8181
118,988
272.062
Counselling Training
Funds re￿ived, towards counselling thBt are going lo be used as start up money, for courwlling to provide
training courses with the iT)tsntion of recycling the money tr) provide more trasning cour8e8.
Counselling Provision
Funds designated towards the development of the counselling provision.
Wellbeing
Funds designated for the development of the W911being offer.
Wellingborough Building R8dev•lopm8nt
Redevelopment of th6 W$llingbtsrough building for improved social enlerpfise opportunities.
Mental Health SeThlce D•v$lopm•nt
Funding head of Mental health for a year enabling servtce devekipm8nL
HeaFth and Social Care Development
Support for the NASS living and leaming contract enabling service development and contract compliance.
Relocatlon of Cort)y
Initial work on investigation on tK)ssibl8 r8loc81ion of Corby site.

THE TEAMWORK TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
21 Analys1$ of net a$sots b¢tw••n fvnd$
Unre$trided Restricted
funds
funds
2022
2022
Total Unrestricted
funds
2021
Restricted
funds
2021
Total
2022
2021
Fund balances at 31
March 2022 are
represented by..
Tangible asseis
Investments
Current assetsllliabilittesl
378.093
200,000
66,313
378,093
381,125
281.753
405.595
200.000
203.392
405.595
381.754
393.869
181.125
215.440
181,754
190.477
396.565
644,406 1.040,971
372,231
808.987
1.181.218
22 Op•ratlng l•as• commltments
At th8 reporting end date the trust had ouistsnding eommitm9nts for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2022
2021
Within one year
Be￿een and five years
4,078
7,212
1.8
473
11.290
2.363
23 Related party transacllons
During the year the charity received grant monies totalling £92.86712021 - £67.4071 from the Mental Health
Northants Collaboration to which a member of the senior management team is a Trustee.
24 C4sh ggnerated from operations
2022
2021
IDeficilysufPU5 for the year
(140,2471
189,545
Adjustments for..
Investment income recognised in statement of financial activities
Gain on disposal of investments
Fair value gains and losses on investments
Dep￿￿ation and impairment of tangible fix9d gssets
11.5931
12,2841
14,4111
197.0731
40.122
14,491}
36,012
Movements in working capital..
Iln¢rea5eydeorease in debtors
Increase in creditors
IDecrea8e}Iincrease in defe￿ed income
{86,7371
55,321
172,6181
95,321
16.663
140,785
Cash labsort)ed byygenerated from operatlons
1214,3531
378.668
24-