Docusign Envelope ID.. A3E5F11F-A5E8-43AC-8ACB-29FC6F51C61E TEAM FURCES FOUNDATIOLY (previouslv known as TEAM ARMY SPORTS FOUNDATION) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2022 Reglstered Company Number: 07773783 Reglstered Charltv Number: 1144004 Docusign Envelope ID.. A3E5F11F-A5E8-43AC-8ACB-29FC6F51C61E TEAM FORCES FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 ￿0VEMBER 2022 coNTE￿Ts PAGE Reference and Admini%trative details Trustees, Report Independent Auditors, ReLX)n 8-10 Statement of Financial Activities Balanc¢ Sh¢¢t 12 Statcmcnt of Cash Flows 13 Notes to the Finaiicial StateTnents 14- 18 Docusign Envelope ID.. A3E5F11F-A5E8-43AC-8ACB-29FC6F51C61E TEAM FORCES FOUNDATION REFERENCE ATr4D ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 NOVEMBER 2022 Status The orgFpanisatioii is a Ch￿l￿ble coinpdny limited by ¥￿d[a￿tte, incoryorated 14 Septanba" 2011 and resFlSteied d5 d chaTity on 27 Septanbei 2011. Governing Doeument The charity is controlled by its bFovetiiinsF document. a deed of t￿St, and constitutes a limited company, limited by bTuarantee, as defined by the Cornpanie5 ALt 2006. Company Number 07773783 Charity Number 1144004 Registered Office Lime Cllttage Tisbury Row Tisbury Salisbury England SP3 6RZ Trustees Major General Robin Anderton-Brown (appoinied Chair 4 January 2022} Major (ieneral Jonathan Jaines Cole Sarah Louise Cox (resigned 14 July 20221 Dr Nicolas Anderson Iresigned 10 June 2022) Brigadicr Richard Dcnnis OBE Majnr General Neil Sexton CB Andre￿, Mcmorran Mr CJrahaJn Beal Sara Cattcrall {aptx)inted 23 February 20231 Scoti Wallace (appointed l July 2023) Bankers Barclays Bank Farnborough GU147PQ Auditors HaY5n￿c1lityrt LLP 10 Queen Street Place Loiidoii EC4R IAG Docusign Envelope ID.. A3E5F11F-A5E8-43AC-8ACB-29FC6F51C61E TEAM FORCES FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2022 Th¢ Trustccs prcs¢nt th¢ir rcport and thc auditcd financial statcmcnts for th¢ yur cndcd 30 Novcmb¢r 2022 Reference admInistr￿live infotmation set out on pa¥e I fotms part of this ieport. The findiicidl statements comply with current statutory iequirements, the MeinoranduTn Articles of Associ￿tIOn the Charities Statement of Recornmended PraLtice {SORP 2015} ISeLond Edition, effeLtive l January 2019). The charity has been called the Teain Army Sports Foundation ITASF} since its inLeption as iii the early d3yS It was very aTmy and sport-centhc in the activitie5 It 5UPPOrted. Over the years the charity has broadened its objects to be far rnoie diverse in order to reach ￿T05￿ the military comTnuiiity. This hd5 also uFroivn from SiTnply 5UPPOrt to sport to the Tnuch broader reach coverinuF support to challenbie and adventure pur5Ults. The naine TASF had therefore becorne increasin&TIy inappropriate for a charity seen to be supportlTlgT all three services, I'eterans, cadets, reserve5 and even faniilie5. To reflect thi5 new inclusive bTroup, the trustees abTreed to rename the chaTity tlie Team Foices Foundation froin. Apr 2023 Structure, Governance and Management The trustees of the charity are drawn from a mix of current and ex-serving military personnel and experienced people from industy. This is intended to ensure ihat the Board has a good mix ot knowledge and insight into Forces sport tempered with appropriate commercial experience. If the Board feels it needs additional skills or knowledge it will identify and approach suitable people to see if they would be interested in volunteering io be a Trustee. Many senior serving officers and senior industry executives will already have experience ol'serving on charity boards. The board of Trusteeb aims to meet virtually at least.3 times per year. Whilst the board relies on a part time CEO (Maj Gcn Irctdl Lamont Kirkland CBE) and back-officc capability tn guidc thc day-tn4ay activitic8 nf thc charity, all stratcgic and prjlicy matters are decided by the board {the CEO daes not %erve a£ a Tru%teel. Given the realitie% nf busines8 life, not all trustees are able to attend every TTU%tee'% board meeting. A board meeting will only go-ahead if the chair and CEO can attend and a majority of the trw8tees are available. During the financial year, the Board comprised five serving or ex-serving officers, Maj Gen Rob Anderton-Brown {Chairl Maj Gen Iretdl Jon Cole, Maj Gen (Tetd) Neil Sexton, Brig Ireidl Richard Dennis and WOI Sarah Cox (resigned 14th Jul 221. Between them they have a Comprehensive understanding of the Anned Forces and how Forces spon is organiscd and fi]ndcd. Th¢ charity continu¢d to b¢ wcll scrvcd by its non-military mcjnbcrs.. , Dr Nic Andcrson {T¢signcd 14th Jun 221. Mr Andr¢w M¢Morran, CEO of Official Militsry Bccr Company. and Mr Graham Bcal from Ernst & Young who brings financc ¢xp¢rtisc. To reflect the newly nained cliarity and its support to the tri-service military community, the board ivas keeii to be represeiited by a niore inclusive group ot trustees able to add tlieir experience from all three services. For this re￿50n, the Comd SM WO s￿ra Catterdll Was invited to join the board frotn the start ot'the year and provide IL4F perspective to deliberations and Lt Col IRM} Scott Wdllace joined in Jul 23 who has been driving the elite athlete and disability programTne for the Royal Navy and brings his wealth of experience in this field. The charity has no paid staff. Its key mal￿gement personnel are its tn]stee5 who are not rernunerated Object5 and articles have been further amended follo￿7￿¥ the last direction of the Charitie5 Commis51011 As the charity continues to broaden its remit by embracing potential beneficiaries across the military cominunity there has been a furiher need to fine-lune the objects. Specifically, the lasi ainendmenl was finally recorded in June 2023 which embraced the need io reflect serving. veterans. reserves, cadets and families. Objects. As of Dec '21. The objects of the charity as stated in the Memorandum & Anicles are-. to promote the efficiency of the arn]ed foTces of the Crom￿, including, by such charitable mean5 as Tnjstees think tit iiicluding (but not limited tol-. improving physical fJtn¢ss and mcntal wcllbcing, fost¢ring csprit d¢ corps, promoting divcrsity and inclusion and raising moralc of s¢rving arm¢d forc¢s p¢rsonn¢l by ¢ncollraging participation in sports and advcnmrous Docusign Envelope ID.. A3E5F11F-A5E8-43AC-8ACB-29FC6F51C61E TEAM FORCES FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2022 activities and providing assistance in ihe provision L)f sporting facilities, and the provision and support of facilities. amenities activities for the ￿'t11-being of serving and fornier anned foices personnel thc rcli¢f of scrving or fornicr anncd for¢¢s p¢rsonncl and th¢ir d¢pcnd¢nts andlor farnilics who arc in n¢cd by rcason nf youth, agc, ill hcalth, disability, financial hardship QT Othcr disadvantagc. As at Jun '23. they no￿. read.. To promote the efficiency of the armed forces of the Crown, including veterans, by such chaTitable means as T[￿Ste£S think fit including (but not limited to).. imprO￿l￿g pliysical fitness and mental w'ellbeing, fosteringT esprit de co]ps, promoting diversity and inclusion and raising morale of ￿erving amied force% personnel, and their familie￿, includiiig re%erves and cadet￿, and fonner arjned forces per.￿O￿lle1 by encoiiragii)g participation in sports and adven￿rOuS activities and providing a$￿iS￿9ncc in the provision of sporting facilitie%, and the relief of .%etving or fornier am]ed force% personnel and their depelldents an(Vor families who are in need by reason of youth, age, ill health, disability, fil￿ncIal hardship or other disadvantage. The charity is inexorably linked to a trading company operatit]g under the same co-brand of Team Forces that generates its ￿ndS thrOll￿ industry partners wishing to support defet]ce activity. The profits from this relationship are donated to the charity in order that the Irusiees can then disperse funds as appropriate. So the charity benefits by.. Attracting b¢n¢vol¢nt donations {from Corporat¢ donoTS and by association with 3 paty ￿ndraising ¢v¢nts), and, Appealing to related industry partners and their wish to Commit CSR or other charitable welfare funding to the cause. To Lomplete ihe aliwmenl kmd link between the Lharity's prinLip