TEAM FORCES FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity generated total income of £1,051,306 against expenditure of £910,566, resulting in a net surplus of £140,740. Per the trustees' report, unrestricted reserves increased to £794,563, which the trustees consider adequate to meet current and known future liabilities. The charity relies heavily on donations from a related trading company, Team Forces Funding Ltd, for its primary funding.
What the accounts disclose
“I had reserves totalling £794,563 (2022 - £653,823) all of which were unrestricted. These reserves are available to be part of commitments (which are forecasted as being £899,170 as itemised on page 18).”
“Andrew McMorran, a Trustee of the charity was also the owner and director of The Official Military Beer Company Ltd, in the prior year, which donated £175 to the charity in that year. There were no other related party transactions in the current or prior year.” — page 19
Structured financials (annual return, FY ending 30/11/2024)
Trustees
- Maj Gen Elizabeth Jane Faithfull-Davieschair
- Brigadier Richard William Dennis OBE
- David Lee Bates
- GRAHAM BEAL
- Harpreet Kaur Chandi
- Maj Gen Jonathan James Cole
- Maj Gen Neil David Sexton CB
- Robin John Anderton-Brown
- Scott Wallace
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £1.0m | £1.1m |
| 30/11/2023 | £1.1m | £911k |
| 30/11/2022 | £868k | £868k |
| 30/11/2021 | £684k | £358k |
| 30/11/2020 | £375k | £227k |
Common questions
Is TEAM FORCES FOUNDATION financially healthy?
The accounts state that the charity generated total income of £1,051,306 against expenditure of £910,566, resulting in a net surplus of £140,740. Per the trustees' report, unrestricted reserves increased to £794,563, which the trustees consider adequate to meet current and known future liabilities. The charity relies heavily on donations from a related trading company, Team Forces Funding Ltd, for its primary funding. Its FY2023 accounts were audited by Haysmacintyre LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CBRE UK CHARITABLE TRUST | 2 | £750 |
| STREETGAMES UK | 1 | £500k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £300k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £100k |
| MISSION INDIA | 1 | £75k |
| THE BARTLETT FOUNDATION | 1 | £54k |
| GIVE A GIFT | 1 | £45k |
| THE ARNOLD BURTON 1998 CHARITABLE TRUST | 1 | £35k |