Companies Registration Number: CE021708 Charity Registration Number.. 1189278 Team Rise IA company limited by Buaranteel Annual Report and Finantial Statements For Year Ended 31st December 2021 Debra Fox 8 Park Avenue Chatburn BB7 4DF Team Rise Contents Reference and Administrative Details Trustees, Report Statement of Trustees, Responsibilities Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to Financial Statements 8t014 Team Rise Reference and Administratlve Details Trustees Jean Smith Tina Wilson Yvonne Herrick Fiona Horton Principle Office 3Rd Floor St James House St James Row Burnley BBII 2DH Registered Office 3Rd Floor St James House St James Row Burnley BBII 2DH Company Registration Number CE021708 Charity Registration Number 1189278 Independent Examiner Debra FOK MAAT 8 Park Avenue hatburn BB7 4DF Page I Team Rise Tru5tees' Report J.'hy (lo txisl". TEAM RISE is a Charity (RCN.. 11892781 based in Burnley but coverino East LanCaSh￿e {Burnley, Hyndburn, Pendle, Ribble Valley & Rossendale). We support adults who hav¢ a learning disability, autlsm and thos¢ who are vu]nerable, lonely or socially isolated. These areas are some of the most deprived ar¢as of the county and have rhe higher rates of disability. Our objective is to give individuals the oppor￿￿￿ty to develop, sociali5e and explore their idea5 3nd goals through a wÈde variety of educational, social and practical activities. However, our main and most important aim is that the people who com¢ here have a greai deal of fun, laugh loads and make long lasting and meaningful friendships. We provide iailored and empathetic support, empowering individuals to CODtribure to their cornmunities in a meaningflll and positive way, reducing social isolation and loneliness. hat do wc (Fo,: By listening to the needs, wants and desires of our team members, we ar¢ able to ensui'e they are at the centre of all we do enabling us to provide serv2ces that will make them happy, feel secure and provid¢ them with life skills. We want each tcwn member to reach their full potential and we do this by offering opportunities, which they have noi always had acce5S to.. IkarniDg & Skills PrograEnmes OfferiDg a variety of educational Courses including Ejglish, Maths, Music. Cooking and Employabiliry Skills. Sorne ¢ourses are accredited to Nation￿ Standards, for example OCIL some are awaten¢ss ses5lOIIS. Social Enttrprise This is a business run by TEAM RISE team membeTS for TEAM RISE members. Activities include arts and crafis making, and the running of 20 local tuck shops. All monies raised ar¢ re-invesied into the project. Soeial & Educati01181 Days We provide 2 weekly activities or Irips, Visiting a variety of places throughout the North West and beyond. This Sometimes ties into the leaming and skills prOgra￿meS to provide additional under p￿￿ning knowledge. Information, Adviee & Guidanee Our rnembers know that they we are always on ttie end of the telephone or they can meet for face to f￿e contact to offer them advice. support and guidance, often working with their families Dr care team. Whtn we it TEAM IUSE ￿￿$ 5 days per week Monday to Friday, 51 weeks per year, we also r¢gularly cary out events at weekends and evenings. man J paid staff to ive 114lVe. All the activity undertaken by TEAM RISE project is facilitated by one full-time paid Enember of staff, three part-time members of staff and an arniy of dedicated voluntcers, who without, we would not exist. Page 2 olunteer Providing volunteering opportunities ensures that local people are involved in their cotnmunity, and it's also a w&y to support people to regain control of tFteir lives. rebuild their self-confidence and self￿steeM. 12 people volunteered with TEAM RISE on a w¢¢kly basis and a further 10 volunteers assisted at fynd rnising ¢vents and campaigns. HoTrTr oiir ￿017]￿let1-s feel "From ihaifirst drry Jfeli like Icouldgei out ofthat dtsrk kole Ikad been 'exisfing' in. Ifelt needed(7nd loved the wormth ihai ihe group emilted, andlwas exciledfor wha¢ was to come. Ifrlt that Jcould inpul my skilLg without anypres5ure, undthis made mefeel sofe and happy. Jhave never looked back andh(nTe introduced Ihree ofmyfriends inio the group. who love iljwl as much as Jdo. Iampassiondte aboul our group, and love each and every one of them wilh all my heart. and Ifeel ihat lam a differenlperson beca￿e ofil. I would recommend anyone wilh lime on £keir17ands to offer iheir service as a volwiteer as youpersopiallyget so much more ofii ihan you ever couldgive." Susan- Much loved volunteer al TEAM RISE Our members thi*ug records and the preparation of accounts. These accounts have been prepared in accordance with the provislons applicable to companies subjett to the small companies regime. The financial staternents on page5 5 to 13 were approved by the trustees, and authorised for issue on 10 Aprtl 2021 signed on behalf by: Smith 2021 Note Fixed Assets Tangible Assets 4,980 Cuftent Assets Debtors Cash In bank and at hand li 72,904 72,904 Credi￿r$. Falllng due within one year Net Current Assets 72.904 Netknets 77,884 Income Funds Unres¢ritted Funds 76.384 Restrirted Funds 1,500 77.884 Total Funds 77,884 Page 7 Team Rise Notes to the Financial Statements forthe Year Ended 31 December 2021 l. Charity Status The charity is a charity limited by guarantee and consequently does not have Share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets in the event of liquidation. 2. Accountlng Policies Summary of significant accounting policies and key accounting estimates The principal accounting polices applied in the preparation of these financial Statements are set out below. These polices have been consistently applied to all the years presented. unless otherwise stated. Statement of Compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland Charities SORP IFR51021 Basis of preparation Team Rise meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially reco8nised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going Concern The trustees consider that there are no material uncertainties about the charitws ability to continue a5 a going concern nor any significant areas of uncertainty that affect the carrying value of the assets held by the charity. The charity is currently c105ed due to Covid 19 with the intention to reopen once Government guideline5 allow. Exemption from preparing a cashflow statement The charity opted to early adopt Bulletin I published on 2nd February 2016 and have therefore not included a cashflow statements. Page 8 Team Rise Notes to the Financial Statements for the Year Ended 31 December 2021 Income and Endowments All income is recognised once the charity has entitlement to the income. Donations and Legacies Donations are recognised when the charity hès been notified in writing of both the amount and the settlement date. In the event that a donation is subject to conditior)s that require a level of performance by the charFty before the harity is entitled to the funds, the income is deferred and not recognlsed until either those conditions are fully met, orthe fulfilrnent of those conditions is whollywithin the control of the chaflty, and it is probablè that these conditions V4ill be fulfilled in the reporting period. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured relrably. All costs are allocated to the applicable expenditure heading that aggrÈ8ate similar Costs in that category. Where costs cannot be directly attributed to particular headings they have been allocated a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charge allocated on the portion of the assevs use. Other support costs are allocated based on the spread of staff costs. Governan￿ Costs These include the costs attributable to the ¢haritVs compliance with constitutronal and statutory requirements, including audit, straiegic rnanagemenL trustee's meetings and reimbursed expenses. Taxation The charity 15 considered to pass the tests set out In Paragraph I Schedyle 6 of the Finance Act 2010 and thèrefore meets the definition of a charitable company for UK corporation tax purposes. Tangible Fixed Assets Individual fixed assets costing £100 or more are initially recorded at cost. lès5 any subsequent accumulated depreciation and subsequent impairment losses. Depreciation and amortisatton Depreciation is provided on tangible fixed assets so as io wrtte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows= Trade Debtors Trade Debtors are amount5 due from customers for services performed in the ordinary Course of the business. Cash and cash equivalents Cash and cash equivalents cornprise cash on hand and call deposlts. and Llther short-term highly liquid investments that are ieadily convertible to a known arnount of cash and are subject to an insignificant iisk of change of value. Page 9 Team Rise Notes to the Flnanclal Statements for the Year Ended 31 December 2D21 Fund Structure Unrestrirted income funds are general funds that are available for the use at the trustee's discretion In furtherance of the objectives of the charity. Firtancial Instruments Classificatlon Flnancial assets and financial liabilities are recognised when the charity becomes party to the contractual provisions of the instrument. Financial liabilltie5 and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity Instrument is any contract that evidences a residual interest in the assets of the charity after Recognition and measurement All ftnancial assets and liabilities are initially measured at transaction price lincluding transaction costs), except for those financial assets classifled as at fair value through profit or loss. which are initially measured at fair value (which Is normally the transaction price excluding transaction costs), unles5 the arrangement constitutes a financing transaction. If an arrangement constitute5 3 financinE transaction. the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial èssets and liabilities are only offset in the financial statement when, and only when there exists a legally enforceable right to set off the regonised amounts and the charity tntends either to settle on a net basis, or to realise the asset and settle on the liability simulianeously. Financlal a55ets are derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are settled, bl the charity transfers to another party substantially all the risks and rewards of ownership of the financial asset, or cl the charity, despile having retained some, but not all. significant risks, and rewards of gwnership, has transferred control of the asset to another partv. Financial liabillties are derecogni5ed only when the obligation specified In the contract is discharged, cancelled or expires. Unrestricted Funds VolunLlry Income General Donation5 Member fees Fundraising 6,307 48.212 35,021 Totsl 89,540 Page 10 Team Rlse Notes to the Financial Statement5 for the Year Ended 31 December 2021 3.Income from charltable ortivities Unrestrirted Funds Restrirted Funds Charitable Artivities T4)tal 2020 General Income from Charitable activities 89.540 18,352 107,892 4. Expendf(ure on charitable Activitie5 Support Totsl Costs 2021 Dirert Rent Light, heat & water Office costs Depreciation Staff costs Volunteers Expenses Sundry Seryice supplies 10,670 1,103 12,011 10,670 1,103 12,011 58,123 800 1,446 9,864 6.078 64,201 800 1,446 9,864 94,017 6,078 1(Y),095 Page 11 Team Rise st Notes to the Flnanclal Statements for the Year Ended 31 December 2020 5. Analysis of governance and support costs Unrestrlcted Funds Governance Costs General Depreciation Other Governance Costs 6,078 6,078 6. Net incomlng/outgoing resources Net Incomel outgoing resources 2021 Depreciation of fixed assets 7. Trustees remuneratlon and expenses No Trustees, nor any persons connected with them, have received and remuneration or any benefits from the charity during the year. 8. Taxatlon The charity is a registered charity and is therefore exempt from taxation Page 12 Team Rise Notes to the Financial Statements for the Year Ended 31 December 2021 9. Tangible fixed assets Tangible Fixed Assets Furniture and equipment Total Cost As at l January 21 As at 31 December 21 4,980 4,980 4,980 4.980 Depreciation As at 31 December 21 Charge for the year At 31 December 21 Net Book Value At31 December21 4.980 4,980 Page 13 Team Rlse Notes to the Financial Statements for the Year Ended 31 December 2020 10. Funds Balance at at I January 21 Balance at 31 Incoming Outgoing December 21 Unrestrlcted Funds General 49,003 96,794 74,393 71,404 Balance at at I January ZO Balance at 31 December 20 Incoming Outgoing Restrlcted General 8,850 18,352 25,702 1,500 11. Analysis of net assets between funds Unrestricted fund5 General Restricted General Total Current Assets 71,404 1500 72.904 Total Net Assets 71,404 I,￿ 72,904 12 Analysis of net funds Asatl January Cash 21 Flow At31 December 21 Cash at hand and in bank 57,853 15,051 72,904 Page 14