Charity Registration Number-. 1189278 Team Rise IA company limited by guarantee) Annual Report and Financial Statements For Year Ended 31 December 2023 Debra Fox 8 Park Avenue Chatburn BB7 40F
Team Rise Contents Reference and Administrative Details Trustees, Report Statement of Trustees, Responsibilities Independent Examiners Report Statement of Financial Activlties Balance Sheet Notes to Financial Statements 8t014
Team Rlse Reference and Admlnlstratlve Detalls Trustees Tina Wilson Michael Kelly Lorraine Richardson Nick Stratton Principle Offlce Team Rise Place Back Richards St Brierfield BB9 5HT Registered Offite Team Rise Place Back Richards St Brlerfield BB9 5HT Charlty Reglstratlon Number 1189278 Independent Examlner Debra Fox MAAT 8 Park Avenue Chatburn BB7 4DF Page I
Team Rise Trustees, Report TEAM RISE has undergone extensive changes during 2023, we rolocated to our newly refurbished building, which has far better lacllities. including a commercial kitchen, gym, outside kitchen, garden and growing areas. The move was not without difficulties, how8ver we are now fully settled and enjoying all our new space has to offer. The additional space has given us the opportunity to expand our project and we now open on Monday evenings 88 well as Monday to Fiiday, offering a wide range of both18arning and social 8¢tivities. Our membership has increased signlflcantly, and we now support nearly 100 members each week and will look at adding additional sessions during the corring year. The need for our project has grown and we feel confident that any additional sessions will be welcomed by the local communityand beyond. TEAM RISE will be looking at being more self-sufficient and have allocated a significant space to grow our own fruit and vegetables which will be used to produce our own meals and will also be shared with the larger community. We have installed compost bins and a natural water supply, again helping us to become mor8 self-sufficient, whilst havlng a positive impact on the environment. Fund raising continues to b8 an integral part of our prolect and the success of our fund-raising events ensures we can continue to charge 8 nominal sum to 8ttend all our sessions. There are no loe81 services that offei sessions, which are both tgilor made and facilitated by highly experienced staff and volunteers. at an affordable cost and we are constantly looking at ways to strengthen our find raising strategies. The public profile ofTEAM RISE has also become much more prominent, and we have secured support from some major companies over the last year. We are CLtrrently supported by Sky, Utility Warehouse, Tesco, Asda, Burnley FC, The National Lottery, BCN, and Charter Wèlk Marketing. More locally the support of both the Mason's and the Rotary Club is ongoing and continues to underpin our project. The wider community have been welcomingand we plan to be more activate in the community to ensure gyeat community cohesion, ensuring that people with learning disabilities and autism are active in the community and have 8 Strong community presence. Thls not only helps us feel that we belong, but also ensures that our members break down barriers and help others understand that people with learning disabilities have a great deal to offer and are an important part ofthe community. The relocation of TEAM RISE has been extremely benefici818nd hgs given us the opportunity to develop new programmes, invite new rnembers and be far more active in our local community. Most importantly our members aro extremely happy in their'new home" and continue to thrive, growing in confidence, developing new relationships and having 8omethlng meaningful and rewardingtodo. Tina Wilson Chalr Page 3
Team Rise Statement of Trustees, Responsibilities The trustees (who are also directors of Team Rise for the purposes of company lawl 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 re5pon5ible 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 by.. IILX To)l-I Tina Wilson Trustee .and signed on its behalf Page 4
Team Rise Independent Examiner's Report to the trustees of Team Rise I report on ihe accounts of the charity for the year ended 31tt December 2023 which are set out on pages 5 to 13. Respectlve responsibllities of trustees and examlner The trustees Iwho are also directors of the company for the purposes of company lawl are responslble for the prepèfatlon of the accounts. The trustees consider that an audit is not required for this year fr)r this year under section 144121 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 eli8ible for Independent examination, It is my responsibility to: Examlne the accounts under section 145 of the 2011 Act,. To follow the procedures laid down in the 8eneral Directions of the Charity CommI5sion under section 14515llbl of the 2011 Act,. and To state whether particular matters have come to my attention. Basls of Independent examiner's report My examination was carried out in accordance wlth the general Directions given by the Charity Comrnls5ion. An examination includes a revSew of th@ accounting record5 kept by the charity and a ¢omparison of the accounts presented with those records. It also includes consideration of any unusual Item5 or disclosures in the account5, and seeking explanation5 that would be required in an audit and consequently no opinion is glven as lo whether the account5 present a 'true and falr view. and the reporl is limited to those matters set out Sn the statement below. IndepÈndeht examinerfs statement In connection with rny examination, no matter has come to rny attention: Therefore In my oplnlon these accounts Show a'true and fair vlew of the charities accounts, Debra Fox MAAT 12 Park Avenue Chatbuin BB7 4DF Page 5
Team Rise Statement of Flnanclal Activltles for Year Ended 31st December 2023 (Includlng Income and Expendlture Account and Statement of Total Reco8nlsed Gain5 and Losses) Unrestricted Restricted Funds Funds Total 2023 Note Income and Endowments from: Donations 12,739 171,339 184,078 12,739 42,701 214,040 42,701 226,779 Charitable artlvities Total Income Expenditure Charitable Activities 259,043 44,671 303,714 Total Expenditure 259,043 44,671 303,714 Net Movement in funds -74,965 -1,970 -76,935 Reconciliation of Funds Total Funds Brought Forward Total Funds Carried Forward 156,658 81,693 10,582 167,240 8,612 90,305 Page 6
Team Rise Balance Sheet For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under sectlon 477 of the companies Act 2006 ielatlng to small companies. Dliector5 responsibilities.. The rnembers have not required the charlty to obtain an audit of its accounts for the year In quèstton 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 account5. These account5 have been prepared in accordance with the provlslons applicable to companies subject to the small companies regime. The flnancial statements on pages 5 to 13 were approved by the trustees, and authori5ed for issue on 17, July 2024 And signed on behalf by.. T Wilson Chair 2023 Note Fixed Assets Tangible Assets 22,387 Current Assets Debtors Cash In bank and at hand li 90,305 90,305 Creditors: Falllng due within one year Net Current Assets 90,305 Net Assets 112,692 Income Funds Unrestricted Funds Restricted Funds 104,080 8.612 112,692 Total Funds 112,692 Page 7
Team Rise Notes to the Financial Statements for the Year Ended 31 December 2023 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. Accounting Policies Summary of significant accounting policies and key accounting estimates The principal accountillg 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 wlth the Flnancial Reporting Standard applicable in the UK and Republic of Ireland - Charities SORP IFR51021 Basis of preparation Team Rise meet5 the definition of public benefit entity under FR5 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting pollcy notes. Going Concern The trustees conslder that there are no materlal uncertalnties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrylng value of the assets held by the charlty. The charity is currently c105ed due to Covid 19 with the intention to reopen once Government guidelines allow. Exemptlon from preparlng a cashflow statement The charity opted to early adopt Bulletin I published on 2rd February 2016 and have therefore not included a cashflow statements. Page 8
Team Rise Notes to the FTnancial Statements for the Year Ended 31 December 2023 Income and Endowments All income is recognised once the charity has entitlement to the ineorne. Donatlons and Legaciès Donations are recognised when the charity has been notlfied in writing of both the amount and the settlèment dare. In the event that a donatlon is subject to conditions that requlre a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised untll either those conditions are fully rnet, or the fullilment of those conditions is wholly withln the control of the charSty, and it is probable that these condltions wlll be fulfilled in the reporting perlod. Expendlture All expenditure is recognised once there is a legal or constructlve obligation to that expenditure, it is probable settlement Is required and the amount can be measured reliably. All costs are allocated to the applScable expendilure headingthat aggregate slmilar costs in that category. Where costs tannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resourees, 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 charily'5 compliarice with constitutional and statutory requirements. includlng audlt, stiategit management, trustee's meetin85 and reimbursed expenses. Taxatlon The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finan Act 2010 and therefore meet5 the definition of a charltable company for UK corporatlon tax purposes. Tan8lble Flxed Assets Individual fixed assets costing £100 or more are initially recorded at CQSt, less any subsequent accumulated depreclation and subsequent impairment10sses. Depreclatlon and amortlsatlon Depreciat5on is provided on tanglble fixed assets so as to write off the e05t or valuation, less any estimated residual value. over thelr expected useful economic life as follow5: Motor Vehicles 25% Reducing Balance Trade Debtors Trade Debtors are amounts due from customers for services performed in the orclinary course of the business. Cash and cash equivalents C3sh and cash equivalents comprlse cash on hand and call deposlts, and other short-term highly 1Squid Investments that are readlly 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 F5nancial Statements for the Year Ended 31December 2023 Fund Structure Unrestricted income funds are general funds that are available for the use at the tru5tee'5 d15cretion in furtherance of the objectives of the charity. Flnantial instruments Clas51flcatlon Flnancial assets and financial liabilitie5 are reco8nised when the charity becomes party to the contractual provisions of the instrument. Flnancial liabilities and equity instruments are classified according to the substance of the contractual rrangement5 entered into. An equity inslrument is any contract that evidence5 a residual interest in the assets of the charity after deducting all of its liabilities. Retoghltlon and measurement All financial assets and li3bilities are initially measured at transaction prlce (including transaction co5tsl, except for those financial assets classified as at fair value through profit or loss, which are initially measured at falr value Iwhlch Is normally the transaction prSce excludlng transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction. the financlal asset or financial liability 15 measured at the present value of the future payments discounted at a market rate of interest for a simSlar debt instrument. Flnanclal èssets and Ilabilities are only offset in the financial statement when. and only when there exlsts a legally enforceable right to set off the regonised amounts and the charlty intends either to settle on a net basis, or to realise the asset and settle on the liabilitv 5imultaneouslv. FinancS3l assets are dereco@nised when and only when al the contractual rights to the cash flows from the fln3n¢ial asset explre or are settled. bl the charity transfers to another party substantially all the rlsks and reward5 of ownership of the financlal asset. or cl the thariiy, despite having retained some, but not all, significant risks. and rewards of ownership, has t¥an5ferred control of the asset to another party. Financial liabilities arè derecoEnised only when the obli8ation specified in the contract Is discharged, ancelled or explre5. Unrestricted Fund5 Voluntary Income General Donations Memberfees Fundraisin8 12,739 95,235 76,104 Totsl 184,078 Page 10
Team Rise Notes to the Flnanclal Statements for the Year Ended 31 December 2023 3.Income from charltable attlvitles Unrestricted Funds Restricted Funds Charltable Activltle5 Total 2023 General Income from Charlt3ble activities 184,078 42,701 226,779 4. Expenditure on chaTltable Actlvltle5 Support Total Costs 2023 Direct Rent Light, he3t & water Office costs Depreciation staff costs Volunteers Expenses Sundry Service supplies 860 17,415 12,011 860 17,415 12,011 96,628 800 81,391 39,201 10,737 107,365 800 81,391 39,201 248,306 10,737 259,043 Page 11
Team Rise Notes to the Financial Statements for the Year Ended 31Èt December 2023 5. Analysls of governance and support costs Analysls of governante and support costs Unre5trlcted Funds Governante Costs General Depreciation Other Governance C05t5 363 12,506 12,869 6. Net incomlng/outgolng resources 2023 Depreciation of fixed assets 363 7. Trustees remuneration and expenses No Trustees, nor any persons connected with them, have recelved 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 Flnanclal Statements for the Year Ended 31 December 2023 9. Tangible flxed assets Tanglble Fixed Assets Furniture and equlpment Motor Vehicles Totsl Cost As at lJanuary23 As at 31 December 23 4,980 4,980 4,980 17,407 22,387 Depreclatlon As at 31 December 22 Charge for the year 1,245 362 1.607 At 31 December 23 1,245 362 1,607 Net Book V?lue At 31 December 23 3,735 17,045 20,780 Page 13
Team Rise Notes to the Flnanclal Statements for the Year Ended 31 December 2023 10. Funds Balance at at I January 23 Balance at 31 Incoming OutBolng December23 Unrestrlcted Fund5 General 156,658 184,078 259,043 81,693 Balance at at I January 23 Balance at 31 December 23 Incomlng Outgoing Restrlcted General 10,582 42,701 44,671 8,612 11. Analys15 of net assets between funds Unrestricted funds General Restrlcted General Tota5 Current Assets 81,693 8,612 90,305 Total Net Assets 81,693 8,612 90,305 12 Analysis of net funds Asatl January Cash 23 Flow At31 December 23 Cash at hand and in bank 167,240 -76,935 90,305