Companies Registration Number: CE021708
Charity Registration Number: 1189278
## **Team Rise**
(A company limited by guarantee) Annual Report and Financial Statements For Year Ended 31[st] December 2024
Debra Fox
8 Park Avenue
Chatburn BB7 **4DF**
## **T eam 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** Tina Wilson Michael Kelly Lorraine Richardson Nick Stratton Team Rise Place **Principle Office** Back Richards St Brierfield BB9 5HT Team Rise Place **Registered Office** Back Richards St Brierfield BB9 5HT **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**
2024 has been a busy year with both staff and members fully settling into their new environment. The benefits to TEAM RISE are substantial and have enhanced our project significantly:
1. Able to facilitate additional sessions including Gym sessions, baking sessions and gardening sessions
2. Space to give members the chance to become more independent and devise and facilitate their own sessions
3. Additional opportunities to fund raise, utilising both outside and inside space
4. Opportunities to share our space with the wider community, strengthening community relationships and portraying a positive image within our community
5. Provides opportunities to connect to local businesses, inviting local business leaders to TEAM RISE and encourage support of both our members and the project as a whole
6. Enabling us to become more self sufficient by growing and cooking our own vegetables, fruit and herbs
7. Assisted us to become more environmentally friendly by installing LED lightening, compost heaps and water butts
8. Greater opportunities to become more physically fit by utilising gym area and holding regular walking activities that are available on our doorstep
These are just some examples of how our move have improved the project, however the overall effect off our move is the increased well-being of both our members, staff and volunteers. TEAM RISE is an incredibly happy, positive place and this is always commented by those who visit. Our members continue to thrive and have developed strong positive relationships with each other and have defiantly developed a greater understanding of each other’s individual needs, which has created the happy and welcoming environment we have today.
Fund raising continues to be an integral part of our project and the success of our fund-raising events ensures we can continue to charge a nominal sum to attend all our sessions. There are no local services that offer sessions, which are both tailored and facilitated by experienced staff and volunteers, at an affordable cost and we are constantly looking at ways to strengthen our find raising strategies.
In the current climate fund raising is not easy and we have seen a significant decrease in actual cash donations e.g. Street collections, this is not due to an unwillingness of the public but the fact that individuals no longer carry cash. We will look at alternative fund-raising strategies and will focus on corporate sponsorship to ensure we reach the targets we have set ourselves.
On a positive more note TEAM RISE have been chosen as charity of the year for the second year in a row, which not only helps to increase our fund-raising revenue, but also helps to highlight our project and the work that we do.
TEAM RISE continues to receive support from some major companies and we hope to develop these relationships further in 2025 as well as engaging with new organisations, the end of the year saw TEAM RISE being chosen as the charity of the year by Spec Savers, a relationship we hope brings positive contributions to our project.
Grants do not seem as available as they were an may grant givers are now over subscribed reducing the opportunities to benefit from some grants, however we are constantly researching what grants are available and apply to those that fit our project. The Lottery grant we revied is now fully spent and the work is afforded us to fiancé has been a major factor to our success.
The lottery has been extremely favourable to TEAM RISE and have stated that we can apply again, in the future, as and when we require funding.
2024 was an exciting and positive year for TEAM RISE and saw a great deal of growth both personally and overall, we will continue to develop TEAM RISE during 2025 and look forward to the year ahead.
Tina Wilson
Chair
29[th] January 2025
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 ……29/1/25………………………………and signed on its behalf by: Tina Wilson 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 2024 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 2024**
## **(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments**
**from:**
Donations
2
Charitable activities
3
Total Income
**Expenditure**
Charitable Activities
4
Total Expenditure
Net Movement in funds
**Reconciliation of Funds**
Total Funds Brought Forward
Total Funds Carried Forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2024**
**£**
**£**
**£**
12,461
12,461
181,137
4,970
186,107|
|---|---|
||193,598
4,970
198,568|
||157,991
13,582
171,573|
||157,991
13,582
171,573|
||35,607
-8,612
26,995|
||81,693
8,612
90,305|
||117,300
0
117,300|
Page 6
## **Team Rise**
## **Balance Sheet**
For the financial year ending 31 December 2024 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 29[th] January 2025And signed on behalf by:
|Tina Wilson|||**2024**|
|---|---|---|---|
||**Note**||**£**|
|**Fixed Assets**||||
|Tangible Assets||9|
15,274|
|**Current Assets**||||
|Debtors|||0|
|Cash In bank and at hand||11|
118,713|
||||118,713|
|**Creditors: Falling due within one year**||||
|||||
|**Net Current Assets**|||118,713|
|||||
|**Net Assets**|||133,987|
|**Income Funds**||||
|Unrestricted Funds|||198,268|
|**Restricted Funds**|||0|
||||198,268|
|**Total Funds**|||198,268|
||||Page 7|
## **Team Rise**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
## 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 2024**
## **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:
Motor Vehicles 25% Reducing Balance
## **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 2024**
## **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**
Donations
Member fees
Fundraising
**Total**|**Unrestricted**
**Funds**
**General**
**£**
12,461
97,583
83,554
193,598
Page 10|
|---|---|
## **Team Rise**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
## **3.Income from charitable activities**
||**Unrestricted**|
**Restricted**||
|---|---|---|---|
|**Charitable Activities**|**Funds**|**Funds**||
||||**Total**|
||**General**||**2024**|
||**£**||**£**|
|Income from Charitable||||
|activities|193,598|4,970|198,568|
## **4. Expenditure on charitable Activities**
|Light, heat & water
Ofice costs
Depreciation
Staf costs
Volunteers Expenses
Sundry
Service supplies|**Direct**
**Support**
**Costs**
**Total**
**2024**
**£**
**£**
**£**
8,944
8,944
26,066
26,066
0
4,623
4,623
93,331
18,658
111,989
500
500
0
19,451
19,451|
|---|---|
||148,292
23,281
171,573|
Page 11
## **Team Rise**
**Notes to the Financial Statements for the Year Ended 31[st] December 2024**
## **5. Analysis of governance and support costs**
## **Analysis of governance and support**
**----- Start of picture text -----**
costs
**----- End of picture text -----**
**----- Start of picture text -----**
Unrestricted
Funds
Governance Costs
General
£
Depreciation 4,623
Other Governance Costs 12,010
16,633
**----- End of picture text -----**
## **6. Net incoming/outgoing resources**
**----- Start of picture text -----**
Net income/ outgoing
resources
2024
£
4623
Depreciation of fixed assets
**----- End of picture text -----**
## **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 2024**
## **9. Tangible fixed assets**
|**Tangible Fixed**
**Assets**
**Cost**
As at 1 January 24
As at 31 December 24
**Depreciation**
As at 31 December 23
Charge for the year
At 31 December 24
**Net Book Value**
At 31 December 24|**Furniture and**
**equipment**
**Motor**
**Vehicles**
**Total**
**£**
**£**
4,980
17,407
4,980|
|---|---|
||4,980
17,407
22,387|
||1,245
362
1,245
1,245
4,261
5,506|
||2,490
4,623
6,751|
||2,490
12,784
15,274|
Page 13
## **Team Rise**
**Notes to the Financial Statements for the Year Ended 31 December 2024**
## **10. Funds**
|**Unrestricted**
**Funds**
General
**Restricted**
General|**Balance at at 1**
**January 24**
**Incoming** **Outgoing**
**Balance at 31**
**December 24**
**£**
**£**
**£**
**£**
81,693
288,603 251,583 118,713|
|---|---|
||**Balance at at 1**
**January 24**
**Incoming** **Outgoing**
**Balance at 31**
**December 24**
**£**
**£**
**£**
**£**
8,612
4,970
13,582
0|
## **11. Analysis of net assets between funds**
|**funds**|||
|---|---|---|
|Current Assets
Total Net Assets
**12 Analysis of net funds**
**Analysis of Net funds**
Cash at hand and in bank|**Unrestricted**
**funds**
**Restricted**
**Total**
**£**
**£**
118,713
0
118,713
118,713
0
118,713
**As at 1**
**January**
**24**
**Cash**
**Flow**
**At**
**31**
**December**
**24**
**£**
**£**
**£**
90,305
28,408
118,713|**Unrestricted**
**funds**
**Restricted**
**Total**
**£**
**£**
118,713
0
118,713|
|||118,713
0
118,713|
Page 14