RALLY ToGH£R Financial Statements for the year ended 31 December 2023 Charrty number 1196740 RALLYTOGETHER Report and Flnandal Statemen For the year ended 310e(ember 2023
RALLY TOGETHER Financial Statements for the year ended 31 DLYember 2023 Comen Pales Report of ihe Trustee5 Statement of FinarKo1 Actmt Stalement of Fina1 Posrtion Notes formtTrg part ofthe Finart41 Statements 9-12 Detailed Statement ol Profit and L0$5 13
RALLY TOGETHER
Report of the Trustees for the year ended 31 December 2023
2023 Trustees Report.
Th• trustee5 present Ihey ieport with the f111 >l•tements ol the charity lor the yeoi ended 31
December 2023 Th• Irust¢es have athited Ihe pl051)$ of Accouniini and Reporting by Charitle5
Staterneni ol Recommended PradKe ipplKable to ¢haritses piepaiing iheif aicounis In •c¢ordinie w¢th
the Financiil Report¢rq Stsnd•rd appliu¢ In the UK and RepublK ol Ireland IFRS 102 pubfished March
2018- eff¢(IN l Jan 10191.
Oblertives
I Th• Prnrnolw fof the benefrt ol the publK ol urban oi rurnl r¢¢entt•iKn In •rt•s o15c<ial •nd
•fonornic depriv•iJon by all or any ol the mtans
(•) Ihe r¢llef ol fIn{41 haidship
Ibl the provlsion Ind impiovement ol hou5thg lor ilh)s¢ who afe In condilions of need
Icl the m•intenince. Improvement. Qf provisi¢Jrt ol pvbli¢ •menities
Idl th• provi¥ ol ve
IiALLY TOGETHER Report of the Trustees for the year ended 31 December 2023 tt+rnmfftn•nl ol tirnt, m3Yry tTUrt••s also ronlrib0d fmèncwlly, h•lpng io ¢over •v•nt eosts •nd ensurinq that each fvndraiser rexhed its lull poteniial. Their unwavenng support and passion for our cause h3Tr been Invaluable. and wthout their effort5, the chanty sunply would not bt where It Is lotsy Theii haid ik has Iruty been the backtone of oui 5CeS A¢hievem•ftts and perforn)an¢• One of the chantys greatest athievefflents this year was enough funds to travel to the Philippines In November 2023, where we suttessfulty built a nev4 classroom for Yat Yat Elementary Sch1 The classioom. which can now )ccommodait SO students. was a sJ8nificant addilion to ihe xhool and was %warmly rero¢niied by the ma¥oi of the itsn ctrlebrattd by both the sthool and thp wider community Throughout the project. we kept our supportets updated ovr 0a1 media plarforrns. which not onty helped iiow our community bui also Inspired more people lo donate •nd get Involved with ¢)Uf cause Our largest fundraising event. the 24-hour coachin8 challenge, was a trernendous success, rnLS108 an irnpresstve £S.SC In a 51n8le day thanks to Ihe hartl work and ded¢cation of our trustees These achl•¥ements hav? hvdhlighted the Impart tsf c1 efforts and hve brought w closer io achiewng Qui Miss. The rnls5n to Urdlneta. Philipwnes, noi onty had a lasting Impact on Ihe k<al tommunity but also iaised ial awareness about the educatnal needs of the children there 8y building the cla5srwm. we've helped provid¢ these students with a betitr leainin8 enwronmenl pavir¥ the lor a brJ8htef educ•tional future Our woik Inspired others to take artn as well-shortty aft1 our wsit, we were thfilled io learn tbat •n additnI1 £5.CKM) was donated io Y•t Yal El¢rnentary by Individuals who had heard about our efforts. Thls ¢enefOUS cOntributn wll furthei enr¢ the school's re50ur¢es •nd demon5tr0tsS ihe fipplt effecl of Ouf mission In spr¢4din8 Jwafeness and encauri$in8 olhers ¢0 supp)rt t$ tmportant tiu Flnanclal RevSew IrKorn• Igr Th• y••i h•d M¢f•d pnor yur tts £24 7k12022 £118kl t•Liinir4 a surplus (ov th• y•ar ol £3 Ik12022. 7 2kl These retained funds are held I cash as there are currenty no fixed assets ¢Y4ned by Ihe charity All funds iaised before the trip to the Philippines were dedKaltd solely to supp)rting that specif1¢ miss Every dI)natrt receNed was (arefulty alhxated to ensure the succe55 ol the proFct. fvorn buildinK the classrcrn io providirq essential iesources for Yai Élementary Sch)ol. Lts)kin8 ahead. we h•ve already outlined our ntxt misSn lo Uganda. scheduled lor next Septembei and we are exciied lo report th•t donallort5 have already btlun s)urmi in and contthue to grow 5ttadily for ihis upc¢)rning Pfoiett. lrnportantlv. no funds have been used lof anythin8 outside of Ouf charitys events •nd the Philippines fflu85. en5uiini full transparery and •lianrnent ow chrtable obJectr¥es. Golni Concem The trustet5 hav considwed goinR concLYn up to yeaf from Ihe date ol thes• aCCnIS Based on a review ol forecasts and butets the Irusiees bellewe there arè suffiuent reserve5 for the loieseeable future Reser¥es Poll<v As ihefe #it no IbnancÈal cpmrnitrnents for the thanty to cover. Ihe Trustees agrttr a polKy of holdinq nil re5èrYes. other th•n the lunds retsined dtstributs lo proierts In the next financ1 ye4r.
RAILY ToGHER Report of the Trustees for the year ended 31 December 2023 Strurture. Governince •nd M•n•8ment Ouf Ch•flty ts • CIO-Charrtable fncorporaied Oryarwtwn Registered (rIty number 1196740 Prlncip•l addrus 85 Gieal Portl•nd Stre•t London WIW 7LT Trustees Piers Fole¥- Chaifrn•n Claire Foley Matthew Be)th Funrtlons and dutles of charity trustees The tharlty trullees shall mana8e the affalrs of ihe CIO and may for that purpose exercise all the powers of the CIO. It Is the duty of each tharity trustee lal io èxefclse hls or her powers and to perfom hls or her funttlons In hls or her cap3clry as a iiusiee of the CIO In the way he or she decides In 0d faiih would be rnost likely to further Ibl Ihè puiposes of the CIO. and Icl io exerc15e. In the performance of those funaions. such cafe and skjll as Is reasonable In the circumstances hawng regard In particular io. l. any Special knowledge or experience that he of she has or holds himself or herself out a5 h3n& and, 11. Il he or the acts as a charity tnjstee of the CIO In the cou¥se of a buslness or Prolession, to any special knowledge or experience that Il Is reasonable 10 expect of a person aaing In the course of that kind of business or professlon. Ell8lblllty for irnsteeshlp 141 Every tharty trustee must be * rtUrI person Ibl No inddl may be •ppointd •$ • ch•nfy In1¢¢ of the CIO.. • If he or she Is under the •8e 0116 years. or If he Of she would automatKalty ceast to Id office underthe proviskns 01tU$• 12llllel Icl No one ts entitled to •ct as • charty Ifustee whelhef onapp)Intrnent or on any ftr appointment until he Of she hè5expre5sfy ackrThTktd, th whattvtr wty th• crItytruStets d¢<ide, his or her acceptance of the offKe ofchavily trustee
RALLY TOGETHER
Report of the Trustees for the year ended 310ecember 2023
Idl At le4st one ot the tTllSteeJ of the CIO be 18ye•r5 01 age or over If thtre is no trustee •Ked at
least 18years, the remainini tfustets may only act lo call ameeling ol the charbty irustees, or appoint
Dew charity trustee.
Number of charity trustees
lil There must be at least three chaFbty Irustees 11 the number fa115 belo¥v this minirnum. the remainln8
trustee or trusiees may •rt only to call a ffleetine of the charty tiustees. or appoint a new ch4rrty tfvstee.
Ibl Thefe Is no mamtmum number of ¢harrty trustees ihat may be app)inted to the CIO.
Flrst chèr5ty trustees
The first charity trustees •re Is follows. and #re apwinledlor the lo11n@ terms-
Pièrs F¢lev ...
for5ye•rs
Ctsire Forev
Iw 3ye•rs
Matthew Boolh..
lor 3year5
AppoSntment of Iharliy trustee5
111 Apart from the first chaiily iruslees, every irustee must be appoinlto for a tenn of thiè yèavs by •
re501utlon passed at a properly convened meeting ol the charity Erusiees.
121 In selectinR Individuals lor appointment as charity truslees. Ihe charity trustees must have regard to the
skills. knowlcdle and experience needed lor the effectweadministratKJn ol the CIO.
Informatlon lor new charlty trurtees
Th• chaiity trust••s 11 mak• availbl• io ••rh D•W
RALLY TOGETHER Report of the Trustee5 for the year ended 310ecember 2023 Ibl abstfit With9 th• p•1missft of th• chanty truste from all thr m•etin8s h•ld within period of six months and ihe trustees resolve thai his 01 her office be vacaied: (¢1 dies.- Idl In th• wntt•n ¢)pinn, 8iv•n to th• company, of a r•4istef•d m•dical pta£¢ition•r ¢roaiin8 that person, hasbecsjme physically or mentalfv ¢•Pable ol•¢tin8 as adirtttor and may remain 50 fof more iha n three mtsnths. lel Is disqualified from acting as a charily trvsiee by wrtue of se¢tion$ 178-180 01 the ChariiS Act 2011 lor •ny statutory rÈ-enactment o¥ modiftCatn of that prOvnI 121 Any person retiri as a charity Inistee Is ell8iWe for reappointmen¢ Takln¥ of decislons by crIty trustees Any deCn may be taken either-. • at a meeiing of ih ehaiity trust•es.' or • by resolution in writing or ele¢tfoDic lomi agreed by amaiority olall ol the charity trustees. wh¢ch may co mpiiseeither a sin8le docurnent or several documents contatningthe text ol the r¢solulion in like form to which the majority of all of the charrty trtsstees has swnified their a8reernenl. Such a fesolution shall b effective provided that J ropy ol the proposed resoluljon ha5 been sent. at or a5 near as rea50n•bty practicalAe io the same time. to all ol the charity truslees. and • the ma(lIv ol all ol ihe charlty trusT¢es ha5 signined agfeemeni io the resoluiion In • documtnt or documents which has or have been avthenticattd by thetr signature, by a statement of their Identity accompanying the document or documents. or in such other rnanner as the charity trusteès have previousty resolved. and delivered to the CIO at rts pnncipal office or such oiher pla¢• •$ the trustee5 may resolve within 28 days of the circulalKJn date. Delegatlon by charfty tWStees The charity trustees may delegate any ol theii wers or lUnttn5 to a ¢ommitt*e or committees, and. ¢1 Ihey do, thty shall determbne the terms and conditlons on whKh the delegation Is rnade The chaiity trustees may at any time alter those tefflis and conditions. or revoke the delegatioo This power is In addition to Ihe power of dele8atK)n in ihe Geneial Regulations and any other power oldelegalion avaitsble to the charity trustees. but subject to the following reqvirements. Izl a committee may consist or more pew50n5. b¥Aai least one member of each Comrnittee must be (harity trustee..
RALLY TOGETHER Report of the Trustees for the year ended 31 December 2023 Ibl th• acti and proceedings ol any cornmrt¢e• must bv brought to the attenlion of the charity tfllstees as whole as 5o)n as is reasonabty prartKèble. and Icl the charity trustees shall from time 10 tim* review thearran8ements whith they have made for the dele gationof ihtif powers. Meetln85 of charity twstees 111 Callln8 meetln85 lal Any charity tfustee may call a meeting ol the charity Iru5tees. Icl Subject to that, the tharity trustees shall decide how iheir meetin85 are to be called, and what notice is required. Chalring of meetings The charlty truslees may appolnt one of their number to chair their meetings and may at any time revoke such appointment. If no-one ha5 been so appointed, or if the person appolnted Is unwilling to preside of is noi preseni within 10 minutes after the time of the meetin& the harity trustees present may appoint one of their number to chairth3t meetin8. Pr¢xedure at meetin lal No decision shall be tsken at a meetin8 unless a quofum Is Pfesent ai the time when the decision 15 taken The quorum is two charity tiusrees, or the number nearest lo one third of ihe total number of charity truslees. whichever is 8reater. or such larger number as the chafity tiusiees may decide from time to time A chality trustee shall not be counted in the quorum present when any deoslon Is made about a matter upon whith he or she is not entitled to vote. Ibl Questions aflslng at a meetsng shall be declded by a majority of those eliwble to vote. Approved by prder ofthe brd of trvstees on and sned on rt5 behalf by.. ey- Chaifman ol Tiust
RALLY TOGETHER Statement of Financial Activities for the year ended 31 December 2023 (Incorporating the Income and Expenditure account) Unrestricted funds 2023 Total funds 2023 Unrestr4rted funds 2022 Total funds 2022 Note Income and endowments from.. Chorify events Donations Total Income 24.735 24.735 2.580 9.241 11,821 2.580 9.241 11.821 24,735 24,735 Expendltuie . Raising funds Charltable aiilvltle5 Charitable proiects Other Accountanry 1Tr5urance Totsl expertdltyfe 13.359 13.359 4.187 4,187 7.475 7.475 360 98 4,645 360 98 4,645 171 21.645 171 21.645 Net Incomel lexpendltuiell Nrf movement In funds 3.090 7.177 7,177 Re¢ondllatlon of funds Total funds brought lorward 7.177 7.ln Total lunds ¢41ed forward 10,267 10.267 7,177 7,1?7 All of ihe iesults ieLate to toniirtuing aclNrties The notes ¢)n p•¢ès 4 to 7 lorm p•rt ol these financlal tements
RALLY TOGETHER ststement of Flnanclal Position as at 31 December 2023 Notej Vnrnstrlded 31.12.23 Unrestrtcled fvnd Total funds 31.12.22 Total fvnds CURRENT ASSETS C•Jh oi bank 10.667 10.667 10.667 10.667 7.537 7,537 7,537 7.537 CREDITORS Amounts falli14 due within on• year 14th)) 13601 13601 NEr ASS$ CURR£Kr 10.267 10,267 7.177 7,177 TOTAL ASSEf5 LESS CIJRRENT UABILtriES 10.267 10.267 7.177 7.177 NET ASSETS 10,267 10.267 7,177 7,177 FUNDS Unrestrirted funds YOTAL FUNI)S io 10.267 10,267 7.177 7.177 The financlal statemtnts were appioved by the Trustees on on thei¥ behalf bv" .2024 and swneil Ftslev rrustee The not*$ on pages 4 to 7 form part ol these financial statements.
RALLY TOGETHER Notes to the Financial Statements for the year ended 31 December 2023 I Charlty Cortsiitutlon The Char a Charitable Intorporaied Organlsation registered In England and Wales with the Ch4rity Commission Detoils ol rts registered number and address are shown in the Trustees Report. page I 2 kcountlnl pollcles The piiniipal accounting policies whl¢h are adopted conststentty In the preparatlon of the financlal statements are set out below. ql Basts ol ryccoyntlng The financ1 statements have been pleIed undef ih horKI1 cost convention with items ie¢ogn15ed at cost or ti4nsa(tion value unle55 Other%w15e stated In the relevant notes to these nnancial slalemenis Th¢ financlal stalements have been prepared In accoidance with the Chaiitle5 Staternenl of Recomrnended Practice Ichanties SORP IFRS 1021 second edition published October 20191 and the FIn(la1 Reportlwd lol IFRS 102 publlshed Maich 2018 - effectlve l JJn 20191 Rally Together meets the definItn ol a public benefit entity under FRS 102. bj Flnunclol reporting Stondord 102- redu¢ed dtsdosure exempilons The charity has taken advantage ol the folkswing disclosure exemption In preparing thes• nnancial slatements. as permilted by FRS 102 The Financial Reporting Standard •ppIKable In the UK and Aepubl of Ireland. Ihe requirements of Sectn 7 Sl•tement of Cash Flows c) Incom DOnatn Income is re¢oqn15ed upon entitlement. Income Irom charity events ts recognlsed upon ntitlemenl. d) Expendltu Exp•nditUf• IS f•co8nisd once ther• bs a legal or ¢on5tructJve obligatn lo mak• a payment to thiid party, il 15 prob•ble ihat settlernent ¥1} be required. and the amount of the obligalhin un be rneasured reliabty. Allxotlon olexpendliufe Expenditure Is acwunted for on •n ac¢ruals basis and alltxated to the relevant activity Whtre an expense relates io more th•D one artNity apportioned on an approPrte basis as detailtd in the support cost note Grants offered subject to cond11$ which have not been rnet •t the year end date are noted as commitment but noi attrved 45 ¢xpeTrditure. ej Debrors All debiors •rt Included at the settlement amounl due. 11 Cosh and cosh equfvL71ents C•5h ind cash equivalenis Include cash In hand. deposits held at call with banls, other short-term liquid Inveslments th or*lnal maturrtles ol three rnonths or less, and bank overdTaft5
RALLY TOGETHER Notes to the Financial Statements for the year ended 31 December 2023 oj Credltorn undprobtslons Creditors and provlshjns are reccfnised where the charrty has a present obligatn arisin8 Irom past event that will probably result In ihe transfer of funds to a third party and the amount due to settle the obligation can be rneasured or estirnaled feliably. Creditors and provisions are recognised at their settlemènt amoynt after allowin8 lor any trade dLscounis due. hj Flnanclol InstThments Thé charity only has financial assets and liibililies of a kind ihat qualify •s basic financial instruments. All basic financ1 instruments are Initolly recognised at tran5adion value and subsequently measured al their setilemen¢ value. IJ VAT The charity Is not regLStered for VAT and accoTdirEly expenditure Includes VATwhere approprwte. J) ruxotlon The charity 15 exempt from lax on itschafitable actlvilies. l Golnp concem The Trustees consider that there are no matenal uncertainties about the charity's ability to continue a5 3 goin8 concern IJ Fund occountlnq Unrestricted funds are expendable al the d1xf1tsn of the Trustees In furth•rènce of the objects ol the chafity Further explanation 01 ihe naiuie and purpose of these (vnd5 s Included in the note5 to the financial statements. MI Keylud¢ements ¢Tna elrimot The Trustees feel there were no Judgements made in the process of applyin8 the accounting policies that had a $18nificant effert on the amounts ie¢o8nized In the financial statement 3. OTHER INCOME 31.12.23 31.12 22 Charity evenl5 24,735 2,580 24,735 2.580 4. D014ATIONS 3112.23 31.12.22 Donations 9.241 9,241
RALLY TOGETHER Notes to the Financial Statements for the year ended 31 December 2023 S. OTHER 3112_23 31.12 22 Ac¢ountancv 640 360 In5ufanc¢ 107 98 747 458 6. TRU5TEE5' REMUN£RAnoN AND BENEFITS There wer• no trust••s' r•mUn•r3tn or olh•r b•n•f fty the year •nd•d 31 O•¢+mbOf 1023 nof for Ihe year ended 311)ecernb¢r 2022. There were no irvstees. expenses feunbursed fol the year ended 31 December 2023 nor for the yèar efided 31 Oecember 2022. 7. STAFF COSTS Key management pttsonnel compfise only the trustees, none ofwhom were remunerated No employees recewed tmolurnents In excess of £60.CKIO. 8. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.12.23 311222 Other creditors 360 41x1 9. FUNDS Unr*5trirled funds compnse Ihose lunds which the tiusiees are liee io use In accoidance with the objectives of ihe charity. 10. MOVEMENT IN FUNOS At 01.0123 Net movement In lunds At 311222 Unrestrlrted funds General funds TOTAL FUNDS 7.177 7.177 10.267 10.267 3.090 Incomi ie50urces Rtsources expended Gains and Movement in losses funds Unrestrlrted funds General fvnd 24.735 121,6451 3,090 TOTAL FUN05 24.735 (21.6451
RAILY TOGEfHER Notes to the Financial Statements lof the ear ended 31 l>ecembef 2023 OLOI_22 3LIL22 General ftind5 TOTA FUNDS 7.177 7.ITI 7.ITI 7.ln ses IlJ21 (4,6441 7.ln TOTAL FiN 7.ln IL ANALY OF FU141Y& Cwienr T•Xal At 31.IZ-23 10.667 10.667 10.267 10,267 At 31.12.22 7537 7537 7.177 7.ln
RALLY TOGETHER Note5 to the Financial Statements for the ear ended 31 December 2023 Dttalled Staiernent ol Flnan¢lal Aclfvltles for the yèar ended 31 December 2023 3112.23 311222 INCOME AND ENDOWMENTS Other Income Income Irom lund rawng events Donations Total Incomlni resouries 24,735 9,241 2.580 11.821 24.735 EXPENDITURE Charltable artl¥ldes Cosis ol fund raisin8 e¥•nts Charitable proiecis 13,359 7,475 20.834 4.187 4,187 Other Accountanry fees Insurnnce 360 98 458 171 811 Total resources txpended 21,645 4,645 Inc(¥mellexpendJtur•l Thls p•¢t not form p•rt of th• sthtutryyftnantial stat•ffrtnrs.