Charity Registration Number: 1189278
Companies Registration Number: CE021708
## **Team Rise**
(A company limited by guarantee) Annual Report and Financial Statements For Year Ended 31[st] December 2022
Debra Fox 8 Park Avenue Chatburn BB7 4DF
## **Team Rise**
## **Contents**
|Reference and Administrative Details||1|
|---|---|---|
|Trustees’ Report|2-3||
|Statement of Trustees’ Responsibilities||4|
|Independent Examiners Report||5|
|Statement of Financial Activities||6|
|Balance Sheet||7|
|Notes to Financial Statements|8|to|
|14|||
**Team Rise**
## **Reference and Administrative Details**
|**Trustees**|Jean Smith|
|---|---|
||Tina Wilson|
||Michael Kelly|
||Lorraine Richardson|
|**Principle Ofce**|3RdFloor|
||St James House|
||St James Row|
||Burnley|
||BB11 2DH|
|**Registered Ofce**|3RdFloor|
||St James House|
||St James Row|
||Burnley|
||BB11 2DH|
|**Company Registration**|**Number** CE021708|
|**Charity Registration Number**
1189278||
|**Independent Examiner**|Debra Fox MAAT|
||8 Park Avenue|
||Chatburn|
||BB7 4DF|
Page 1
**Team Rise**
## **Trustees’ Report**
## **Why do we exist?**
TEAM RISE is a Charity (RCN: 1189278) based in Burnley but covering East Lancashire (Burnley, Hyndburn, Pendle, Ribble Valley & Rossendale). We support adults who have a learning disability, autism and those who are vulnerable, lonely or socially isolated. These areas are some of the most deprived areas of the country and have the higher rates of disability.
Our objective is to give individuals the opportunity to develop, socialise and explore their ideas and goals through a wide variety of educational, social and practical activities. However, our main and most important aim is that the people who come here have a great deal of fun, and make long lasting and meaningful friendships.
We provide tailored and empathetic support, empowering individuals to contribute to their communities in a meaningful and positive way, reducing social isolation and loneliness.
## **What do we do?**
By listening to the needs, wants and desires of our team members, we are able to ensure they are at the centre of all we do enabling us to provide services that will make them happy, feel secure and provide them with life skills. We want each team member to reach their full potential and we do this by offering opportunities, which they have not always had access to:
## **Learning & Skills Programmes**
Offering a variety of educational courses including English, Maths, Music, Cooking and Employability Skills. Some courses are accredited to National Standards, for example OCR, some are awareness sessions.
## **Social Enterprise**
This is a business run by TEAM RISE team members for TEAM RISE members. Activities include arts and crafts making, and the running of 20 local tuck shops. All monies raised are re-invested into the project.
## **Social & Educational Days**
We provide 2 weekly activities or trips, visiting a variety of places throughout the North West and beyond. This sometimes ties into the learning and skills programmes to provide additional under pinning knowledge.
## **Information, Advice & Guidance**
Our members know that they we are always on the end of the telephone or they can meet for face to face contact to offer them advice, support and guidance, often working with their families or care team.
## **When we do it**
TEAM RISE runs 5 days per week Monday to Friday, 51 weeks per year, we also regularly carry out events at weekends and evenings.
## **How many paid staff to we have?**
All the activity undertaken by TEAM RISE project is facilitated by two full-time paid members of staff, two part-time members of staff and an army of dedicated volunteers, who without, we would not exist.
Page 2
## **Volunteers**
Providing volunteering opportunities ensures that local people are involved in their community, and it’s also a way to support people to regain control of their lives, rebuild their self-confidence and self-esteem.
15 people volunteered with TEAM RISE on a weekly basis and a further **10** volunteers assisted at fund raising events and campaigns.
## **Current situation**
TEAM RISE are now fully settled into their new building, after an extensive renovation project the new building is now completely functional and fit for purpose. The renovation has cost more than first anticipated due to the increase in both labour and material costs, however the renovation is with in budget and TEAM RISE will have far greater opportunities to expand their activities and membership numbers due to the new location.
Fund raising will play a much greater role in the coming financial year and a full calendar have been planned and targets set to ensure we generate sufficient funds to cover all expenditure during the year.
Jean Smith
Chair
Page 3
## **Team Rise**
## **Statement of Trustees’ Responsibilities**
The trustees (who are also directors of Team Rise for the purposes of company law) are responsible for preparing the trustees’ report and financial statements in accordance with the United Kingdom Accounting standards (United Kingdom generally accepted Accounting Practice) and applicable las and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required too:
- Select suitable accounting policies and apply them consistently.
- Observe the methods and principles in the Charities SORP.
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for the keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose the reasonable accuracy at any time the financial position of the charitable company and enable them to ensure the financial statements comply with the Charities Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence the taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on ……8/9/23………………………………… and signed on its behalf by:
Jean Smith
Trustee
Page 4
## **Team Rise**
## **Independent Examiner’s Report to the trustees of Team Rise**
I report on the accounts of the charity for the year ended 31[st] December 2022 which are set out on pages 5 to 13.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- Examine the accounts under section 145 of the 2011 Act;
- To follow the procedures laid down in the general Directions of the Charity Commission under section 145(5)(b) of the 2011 Act; and
- To state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- Therefore in my opinion these accounts show a ‘true and fair view of the charities accounts’
…………………………… Debra Fox MAAT 12 Park Avenue Chatburn BB7 4DF
Page 5
## **Team Rise**
## **Statement of Financial Activities for Year Ended 31[st] December 2022**
**(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
||**Unrestri**
**cted**
**Funds**
**Restrict**
**ed**
**Funds**
**Total**
**2022**|
|---|---|
|**Note**|**£**
**£**
**£**|
|**Income and**
**Endowments from:**||
|Donations
2|181,557
181,5
57|
|Charitable activities
3|135,884
17,654
153,5
38|
|Total Income|317,441
17,654
335,0
95|
|**Expenditure**||
|Charitable Activities
4|232,187
8,572
240,7
59|
|Total Expenditure|232,187
8,572
240,7
59|
|Net Movement in funds|85,254
9,082
94,33
6|
|**Reconciliation of**
**Funds**||
|Total Funds Brought
Forward|71,404
1,500
72,90
4|
|Total Funds Carried
Forward|156,658
10,582
167,2
40|
## Page 6
## **Team Rise**
## **Balance Sheet**
For the financial year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476 and
- The directors acknowledge their responsibilities for complying with the requirement of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on 10 April 2021
And signed on behalf by:
Jean Smith
|Jean Smith||
|---|---|
||**2022**|
|**Note**|**£**|
|**Fixed Assets**||
|Tangible Assets
9|88,54
5|
|**Current Assets**||
|Debtors|0|
|Cash In bank and at hand
11|167,2
40|
||167,2|
||40|
|---|---|
|**Creditors: Falling due**
**within oneyear**||
|**Net Current Assets**|167,2
40|
|**Net Assets**|255,7
85|
|**Income Funds**||
|Unrestricted Funds|245,2
03|
|**Restricted Funds**|10,58
2|
||255,7
85|
|**Total Funds**|255,7
85|
Page 7
## **Team Rise**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1. 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. Accounting 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 (FRS102)
## **Basis of preparation**
Team Rise meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially recognised 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 charity’s ability to continue as 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 closed due to Covid 19 with the intention to reopen once Government guidelines allow.
## **Exemption from preparing a cashflow statement**
The charity opted to early adopt Bulletin 1 published on 2[nd] 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 2022**
## **Income and Endowments**
All income is recognised once the charity has entitlement to the income.
## **Donations and Legacies**
Donations are recognised when the charity has been notified in writing of both the amount and the settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity, and it is probable that these conditions will 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 reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs in that category. Where costs cannot be directly attributed to particular headings they have been allocated on 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 asset’s use. Other support costs are allocated based on the spread of staff costs.
## **Governance Costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management, trustee’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore 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, less any subsequent accumulated depreciation and subsequent impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Trade Debtors**
Trade Debtors are amounts due from customers for services performed in the ordinary course of the business.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change of value.
Page 9
## **Team Rise**
**Notes to the Financial Statements for the Year Ended 31 December 2022**
## **Fund Structure**
Unrestricted income funds are general funds that are available for the use at the trustee’s discretion in furtherance of the objectives of the charity.
## **Financial instruments**
## **Classification**
Financial assets and financial liabilities are recognised when the charity becomes party to the contractual provisions of the instrument.
Financial liabilities 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 deducting all of its liabilities.
## **Recognition and measurement**
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing 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 assets 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 intends either to settle on a net basis, or to realise the asset and settle on the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks, and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
|**Voluntary**
**Income**|**Unrestri**
**cted**
**Funds**|
|---|---|
||**General**|
||**£**|
|Donations|181,557|
|Member fees|62,430|
|Fundraising|37,544|
|**Total**|281,531|
Page 10
## **Team Rise**
**Notes to the Financial Statements for the Year Ended 31 December 2022**
## **3.Income from charitable activities**
|**Charitable Activities**|**Unrestricte**
**d Funds**
**Restric**
**ted**
**Funds**|
|---|---|
||**Total**|
||**General**
**2022**|
||**£**
**£**|
|Income from Charitable activities|35,911
17,653
53,56
4|
## **4. Expenditure on charitable Activities**
||**Direc**
**t**
**Supp**
**ort**
**Costs**
**Total**
**2022**|
|---|---|
||**£**
**£**
**£**|
|Rent|9,840
9,840|
|Light, heat & water|1,161
1,161|
|Ofce costs|37,87
3
37,87
3|
|Depreciation|0
0|
|Staf costs|54,58
7
19,53
3
74,12
0|
|Volunteers Expenses|800
800|
|Sundry|1,446
1,446|
|Service supplies|26,97
4
26,97
4|
|Repairs & Renewals|88,54
5
88,54
5|
||221,2
26
19,53
3
240,7
59|
Page 11
## **Team Rise**
**Notes to the Financial Statements for the Year Ended 31[st] December 2022**
## **5. Analysis of governance and support costs**
||**Unrestric**
**ted**
**Funds**|
|---|---|
|**Governance Costs**||
||**General**|
||**£**|
|Depreciation|0|
|Other Governance Costs|19,533|
||19,533|
## **6. Net incoming/outgoing resources**
||**2022**|
|---|---|
||**£**|
|Depreciation of fxed
assets|0|
## **7. Trustees remuneration and expenses**
No Trustees, nor any persons connected with them, have received and remuneration or any benefits from the charity during the year.
## **8. Taxation**
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 2022**
## **9. Tangible fixed assets**
|**Tangible Fixed**
**Assets**
**Furniture**
**and**
**equipment**|**Building**
**Total**|
|---|---|
|**£**|**£**|
|**Cost**||
|As at 1 January
22
4,980|4,980|
|Additions|88,545
88,54|
|||5|
|---|---|---|
|As at 31
December 22|4,980|88,545
93,52
5|
|**Depreciation**|||
|As at 31
December 22||0|
|Charge for the
year|0|0|
|At 31 December
22|0|0|
|**Net Book Value**|||
|At 31 December
22|4,980|88,545
93,52
5|
Page 13
## **Team Rise**
**Notes to the Financial Statements for the Year Ended 31 December 2022**
## **10. Funds**
|**10. Funds**||
|---|---|
||**Balance at**
**1 January**
**22**
**Incom**
**ing**
**Outgo**
**ing**
**Balance at**
**31**
**December**
**22**|
|**Unrestricted**
**Funds**|**£**
**£**
**£**
**£**|
|General|71,404
317,44
1
232,18
7
156,658|
||**Balance at**
**at 1**
**January 22**
**Incom**
**ing**
**Outgo**
**ing**
**Balance at**
**31**
**December**|
||**22**|
|---|---|
|**Restricted**|**£**
**£**
**£**
**£**|
|General|1,500
17,654
8,572
10,582|
## **11. Analysis of net assets between funds**
|**11. Analysis of net assets**|**between funds**|
|---|---|
||**Unrestricte**
**d funds**
**Restricted**|
||**General**
Gener
al
**Total**|
||**£**
**£**|
|Current Assets|155,135
10,58
2
165,7
17|
|Total Net Assets|155,135
10,58
2
165,7
17|
## **12 Analysis of net funds**
||**As at**
**1**
**Janua**
**ry 22**
**Cash**
**Flow**
**At 31**
**Decem**
**ber 22**|
|---|---|
||**£**
**£**
**£**|
|Cash at hand and in
bank|72,90
4
94,33
6
167,240|