RALLY TOGETHER
Financial Statements for the year ended 31 December 2024
Charity number: 1196740
RALLY TOGETHER
Report and Financial Statements
For the year ended 31 December 2024
RALLY TOGETHER Financial Statements for the year ended 31 December 2024
| Contents | Pages |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 |
| Notes forming part of the Financial Statements | 9-12 |
| Detailed Statement of Profit and Loss | 13 |
RALLY TOGETHER
Report of the Trustees for the year ended 31 December 2024
2024 Trustees Report:
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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 (FRS 102 published March 2018 – effective 1 Jan 2019).
Objectives
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The promotion for the benefit of the public of urban or rural regeneration in areas of social and economic deprivation by all or any of the following means:
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(a) the relief of financial hardship
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(b) the provision and improvement of housing for those who are in conditions of need
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(c) the maintenance, improvement, or provision of public amenities
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(d) the provision of recreational facilities for the public at large or those who by reason of their youth, age, infirmity or disablement, financial hardship, or social and economic circumstances, have need of such facilities
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(e) such other means as may from time to time be determined subject to the prior written consent of the Charity Commissioners for England and Wales
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2.The prevention or relief of poverty [or financial hardship] anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient
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3.For the public benefit to promote the education (including social and physical training) of people in such ways as the charity trustees think fit, including by:
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a.Awarding to such person’s scholarships, maintenance allowances or grants tenable at any university, college, or institution of higher or further education.
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b.Providing their education (including the study of music or other arts), to undertake travel in furtherance of that education or to prepare for entry to any occupation, trade, or profession on leaving any educational establishment.
Activities
This year, our charity has been actively raising funds through a series of engaging and community-driven events organized each month. Our monthly quizzes at local venues have become a popular staple, bringing people together for fun and friendly competition, while also contributing to our fundraising goals. These activities not only helped us financially but also strengthened our engagement with the community.
The trustees have been an incredible source of support and dedication throughout the entire year, playing a pivotal role in the success of every event we organized. They selflessly gave up their time, attending planning meetings, volunteering at events, and ensuring everything ran smoothly. Beyond their commitment of time, many trustees also contributed financially, helping to cover event costs and ensuring that each fundraiser reached its full potential. Their unwavering support and passion for our cause have been invaluable, and without their efforts, the charity simply would not be where it is today. Their hard work has truly been the backbone of our success.
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RALLY TOGETHER
Report of the Trustees for the year ended 31 December 2024
Achievements and performance
One of the charity’s greatest achievements this year was successfully completing the development of a classroom for Yat Yat Elementary School in Urdeneta City, Philippines. The classroom, which can now accommodate 50 students, was a significant addition to the school and was warmly recognized by the mayor of the town, celebrated by both the school and the wider community. Throughout the project, we kept our supporters updated via our social media platforms, which not only helped grow our community but also inspired more people to donate and get involved with our cause. These achievements have highlighted the impact of our efforts and have brought us closer to achieving our mission.
The mission to Urdaneta, Philippines, not only had a lasting impact on the local community but also raised vital awareness about the educational needs of the children there. By building the classroom, we’ve helped provide these students with a better learning environment, paving the way for a brighter educational future. Our work inspired others to take action as well—shortly after our visit, we were thrilled to learn that an additional £5,000 was donated to Yat Yat Elementary by individuals who had heard about our efforts. This generous contribution will further enhance the school's resources and demonstrates the ripple effect of our mission in spreading awareness and encouraging others to support this important cause.
Financial Review
Income for the year has continued to steadily increase each month, due to the monthly events. These retained funds are held in cash as there are currently no fixed assets owned by the charity. All future funds raised will be dedicated to our new mission, which is providing medical equipment & renovating a hospital in Rukungiri, Uganda. We have partnered with Royal Berkshire Hospital Urology Department in this journey, where we will visit the hospital together and provide aid to hundreds of local people. Every donation received was carefully allocated to ensure the success of the project, from providing updated & relevant medical equipment to growing and expanding the hospital itself. Importantly, no funds have been used for anything outside of our charity’s events and the Philippines mission, ensuring full transparency and alignment with our charitable objectives.
Going Concern
The trustees have considered going concern up to one year from the date of signing these accounts. Based on a review of forecasts and budgets the trustees believe there are sufficient reserves for the foreseeable future.
Reserves Policy
As there are no financial commitments for the charity to cover, the Trustees agree a policy of holding nil reserves, other than the funds retained for distribution to projects in the next financial year.
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RALLY TOGETHER
Report of the Trustees for the year ended 31 December 2024
Structure, Governance and Management
Our Charity is a CIO – Charitable Incorporated Organisation
Registered Charity number 1196740
Principal address 85 Great Portland Street London W1W 7LT
Trustees Piers Foley – Chairman Claire Foley Matthew Booth
Functions and duties of charity trustees
The charity trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. It is the duty of each charity trustee:
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(a) to exercise his or her powers and to perform his or her functions in his or her capacity as a trustee of the CIO in the way he or she decides in good faith would be most likely to further
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(b) the purposes of the CIO; and
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(c) to exercise, in the performance of those functions, such care and skill as is reasonable in the circumstances having regard in particular to:
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i. any special knowledge or experience that he or she has or holds himself or herself out as having; and,
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ii. if he or she acts as a charity trustee of the CIO in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.
Eligibility for trusteeship
(a) Every charity trustee must be a natural person.
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(b) No individual may be appointed as a charity trustee of the CIO:
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if he or she is under the age of 16 years; or
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if he or she would automatically cease to hold office under the provisions of clause 12(1)(e).
(c) No one is entitled to act as a charity trustee whether onappointment or on any reappointment until he or she has expressly acknowledged, in whatever way the charity trustees decide, his or her acceptance of the office of charity trustee.
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RALLY TOGETHER
Report of the Trustees for the year ended 31 December 2024
(d) At least one of the trustees of the CIO must be 18 years of age or over. If there is no trustee aged at least 18 years, the remaining trustees may only act to call a meeting of the charity trustees, or appoint a new charity trustee.
Number of charity trustees
(a) There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee.
(b) There is no maximum number of charity trustees that may be appointed to the CIO.
First charity trustees
The first charity trustees are as follows, and are appointed for the following terms –
Piers Foley ................................................................... for 5 years Claire Foley ................................................................ for 3 years Matthew Booth ........................................................... for 3 years
Appointment of charity trustees
(1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
(2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Information for new charity trustees
The charity trustees will make available to each new charity trustee, on or before his or her first appointment:
(a) a copy of the current version of this constitution; and
(b) a copy of the CIO’s latest Trustees’ Annual Report and statement of accounts.
Retirement and removal of charity trustees
(1) A charity trustee ceases to hold office if he or she:
(a) retires by notifying the CIO in writing (but only if enough charity trustees will remain in office when the notice of resignation takes effect to form a quorum for meetings);
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RALLY TOGETHER
Report of the Trustees for the year ended 31 December 2024
(b) is absent without the permission of the charity trustees from all their meetings held within a period of six months and the trustees resolve that his or her office be vacated;
(c) dies;
(d) in the written opinion, given to the company, of a registered medical practitioner treating that person, hasbecome physically or mentally incapable of acting as adirector and may remain so for more tha n three months;
(e) is disqualified from acting as a charity trustee by virtue of sections 178-180 of the Charities Act 2011 (or any statutory re-enactment or modification of that provision).
(2) Any person retiring as a charity trustee is eligible for reappointment.
Taking of decisions by charity trustees
Any decision may be taken either:
• at a meeting of the charity trustees; or
• by resolution in writing or electronic form agreed by amajority of all of the charity trustees, which may co mprise either a single document or several documents containing the text of the resolution in like form to which the majority of all of the charity trustees has signified their agreement. Such a resolution shall be effective provided that a copy of the proposed resolution has been sent, at or as near as reasonably practicable to the same time, to all of the charity trustees; and
• the majority of all of the charity trustees has signified agreement to the resolution in a document or documents which has or have been authenticated by their signature, by a statement of their identity accompanying the document or documents, or in such other manner as the charity trustees have previously resolved, and delivered to the CIO at its principal office or such other place as the trustees may resolve within 28 days of the circulation date.
Delegation by charity trustees
The charity trustees may delegate any of their powers or functions to a committee or committees, and, if they do, they shall determine the terms and conditions on which the delegation is made. The charity trustees may at any time alter those terms and conditions, or revoke the delegation.
This power is in addition to the power of delegation in the General Regulations and any other power of delegation available to the charity trustees, but is subject to the following requirements:
(a) a committee may consist of two or more persons, butat least one member of each committee must be a charity trustee;
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RALLY TOGETHER
Report of the Trustees for the year ended 31 December 2024
(b) the acts and proceedings of any committee must be brought to the attention of the charity trustees as a whole as soon as is reasonably practicable; and
(c) the charity trustees shall from time to time review thearrangements which they have made for the dele gation of their powers.
Meetings of charity trustees
(1) Calling meetings
(a) Any charity trustee may call a meeting of the charity trustees.
(c) Subject to that, the charity trustees shall decide how their meetings are to be called, and what notice is required.
Chairing of meetings
The charity trustees may appoint one of their number to chair their meetings and may at any time revoke such appointment. If no-one has been so appointed, or if the person appointed is unwilling to preside or is not present within 10 minutes after the time of the meeting, the charity trustees present may appoint one of their number to chair that meeting.
Procedure at meetings
(a) No decision shall be taken at a meeting unless a quorum is present at the time when the decision is taken. The quorum is two charity trustees, or the number nearest to one third of the total number of charity trustees, whichever is greater, or such larger number as the charity trustees may decide from time to time. A charity trustee shall not be counted in the quorum present when any decision is made about a matter upon which he or she is not entitled to vote.
(b) Questions arising at a meeting shall be decided by a majority of those eligible to vote.
Approved by order of the board of trustees on .......................................... and signed on its behalf by:
………………………………………………………….
P Foley – Chairman of Trustees
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RALLY TOGETHER
Statement of Financial Activities for the year ended 31 December 2024 (incorporating the Income and Expenditure account)
| Unrestricted | Total | Unrestricted | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2024 | 2024 | 2023 | 2023 | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | from: | ||||
| Charity events | 3 | 3,592 | 3,592 | 24,735 | 24,735 |
| Donations | 4 | - | - | - | - |
| Total income | 3,592 | 3,592 | 24,735 | 24,735 | |
| Expenditure on: | |||||
| Raising funds | 216 | 216 | 13,359 | 13,359 | |
| Charitable activities | |||||
| Charitable projects | 8,813 | 8,813 | 7,475 | 7,475 | |
| Other | |||||
| Accountancy & reg office | 5 | 894 | 894 | 640 | 640 |
| Insurance | 5 | 171 | 171 | 171 | 171 |
| Total expenditure | 10,094 | 10,094 | 21,645 | 21,645 | |
| Net income/ | (6,502) | (6,502) | 3,090 | 3,090 | |
| (expenditure)/ Net | |||||
| movement in funds | |||||
| Reconciliation of funds | |||||
| Total funds brought | 10,267 | 10,267 | 7,177 | 7,177 | |
| forward | |||||
| Total funds carried | 3,765 | 3,765 | 10,267 | 10,267 | |
| forward |
All of the results relate to continuing activities.
The notes on pages 9 to 12 form part of these financial statements.
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RALLY TOGETHER
Statement of Financial Position as at 31 December 2024
----- Start of picture text -----
Notes Unrestricted 31.12.24 Unrestricted 31.12.23
fund Total funds fund Total funds
£ £ £ £
CURRENT ASSETS
Cash at bank 4,315 4,315 10,667 10,667
4,315 4,315 10,667 10,667
CREDITORS
Amounts falling
due within one 8 (550) (550) (400) (400)
year
NET CURRENT
ASSETS 3,765 3,765 10,267 10,267
TOTAL ASSETS LESS
CURRENT 3,765 3,765 10,267 10,267
LIABILITIES
NET ASSETS 3,765 3,765 10,267 10,267
FUNDS 10
Unrestricted funds 3,765 10,267
TOTAL FUNDS 3,765 10,267
----- End of picture text -----
The financial statements were approved by the Trustees on …………………………………….……2025 and signed on their behalf by:
……………………………………….
P Foley Trustee
The notes on pages 9 to 12 form part of these financial statements.
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RALLY TOGETHER Notes to the Financial Statements for the year ended 31 December 2024
1 Charity Constitution
The charity is a Charitable Incorporated Organisation registered in England and Wales with the Charity Commission. Details of its registered number and address are shown in the Trustees Report, page 3.
2 Accounting policies
The principal accounting policies which are adopted consistently in the preparation of the financial statements are set out below.
a) Basis of accounting
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements. The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102) second edition published October 2019) and the Financial Reporting Standard 102 (FRS 102 published March 2018 – effective 1 Jan 2019).
Rally Together meets the definition of a public benefit entity under FRS 102.
b) Financial reporting standard 102 – reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’:
- the requirements of Section 7 Statement of Cash Flows
c) Income
Donation income is recognised upon entitlement. Income from charity events is recognised upon entitlement.
d) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Allocation of expenditure
Expenditure is accounted for on an accruals basis and allocated to the relevant activity. Where an expense relates to more than one activity it is apportioned on an appropriate basis as detailed in the support cost note.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
e) Debtors
All debtors are included at the settlement amount due.
f) Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.
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RALLY TOGETHER Notes to the Financial Statements for the year ended 31 December 2024
g) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount after allowing for any trade discounts due.
h)
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. All basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
i) VAT
The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.
j) Taxation
The charity is exempt from tax on its charitable activities.
k)
Going concern
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
l) Fund accounting
Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity.
Further explanation of the nature and purpose of these funds is included in the notes to the financial statements.
m) Key judgements and estimates
The Trustees feel there were no judgements made in the process of applying the accounting policies that had a significant effect on the amounts recognized in the financial statement.
| 3. OTHER INCOME Charity events 4. DONATIONS Donations |
31.12.24 31.12.23 £ £ 3,592 24,735 |
|
|---|---|---|
| 3,592 24,735 |
||
| 31.12.24 31.12.23 £ £ - - |
||
| - - |
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RALLY TOGETHER
Notes to the Financial Statements for the year ended 31 December 2024
5. OTHER
| Accountancy & registered office Insurance |
31.12.24 31.12.23 894 640 171 171 |
|---|---|
| 1,065 811 |
6. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
There were no trustees’ expenses reimbursed for the year ended 31 December 2024 nor for the year ended 31 December 2023.
7. STAFF COSTS
Key management personnel comprise only the trustees, none of whom were remunerated. No employees received emoluments in excess of £60,000.
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other creditors | 31.12.24 31.12.23 £ £ 550 400 |
|---|---|
| 550 400 |
9. FUNDS
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the objectives of the charity.
10. MOVEMENT IN FUNDS
| Unrestricted funds General funds TOTAL FUNDS Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 3,592 |
At 01.01.24 Net movement in funds At 31.12.24 £ £ £ 10,267 (6,502) 3,765 |
|---|---|---|
| 10,267 (6,502) 3,765 |
||
| Resources expended Gains and losses Movement in funds £ £ £ (10,094) - (6,502) |
||
| 3,592 | (10,094) - (6,502) |
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RALLY TOGETHER
Notes to the Financial Statements for the year ended 31 December 2024
| Comparatives for movements in funds Unrestricted funds General funds TOTAL FUNDS Unrestricted funds General fund TOTAL FUNDS 11. ANALYSIS OF FUNDS At 31-12-24 Unrestricted At 31-12-23 Unrestricted |
Incoming resources £ 24,735 |
At 01.01.23 Net movement in funds At 31.12.23 £ £ £ 7,177 3,090 10,267 7,177 3,090 10,267 Resources expended Gains and losses Movement in funds £ £ £ (21,645) - 3,090 |
|
|---|---|---|---|
| 24,735 Fixed Assets £ - |
(21,645) - 3,090 Current Assets Current Liabilities Total £ £ £ 4,315 550 3,765 |
||
| - | 4,315 550 3,765 |
||
| - | 10,667 400 10,267 |
||
| - | 10,667 400 10,267 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024 nor for the year ended 31 December 2023.
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RALLY TOGETHER
Notes to the Financial Statements for the year ended 31 December 2024
Detailed Statement of Financial Activities for the year ended 31 December 2024
| INCOME AND ENDOWMENTS Other income Income from fund raising events Donations Total incoming resources EXPENDITURE Charitable activities Costs of fund raising events Charitable projects Other Accountancy & registered office fees Insurance Total resources expended Net income/(expenditure) |
31.12.24 31.12.23 £ £ 3,592 24,735 - - |
|---|---|
| 3,592 24,735 |
|
| 216 13,359 8,813 7,475 |
|
| 9,029 20,834 894 640 171 171 |
|
| 1,065 811 |
|
| 10,094 21,645 |
|
| (6,502) 3,090 |
This page does not form part of the statutory financial statements.
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