REGISTERED COMPANY NUMBEIL. 04009541 (England and Wales) REGISTERED CHARITY NUMBER: 1089347 Report of the Trustees and Financial Statsments for the Year Ended 31 March 2024 for Changing Futures North East Inspire Compliance Limited Chartered Accountsnts Registered Auditors 6 Queens Court Third Avenue Team Valley Gahead Tyne and Wear NEI I OBU
Changing Futures North East Contents of the Financial Statements for the Year Ended 31 March 2024 Page Reference and Administrative Detsils Chairman's Report Report of the Trustees Report of the Independent Auditors 13 to 15 Consolidated Statement of Financial Activities Consolidated Statsment of Financial Position 17 to 18 Charity Statement of Financial Position 19 to 20 Statement of Cash Flows 21 Notes to the Statement of Cash Flows 22 to 23 Notes to the Financial Statements 24 to 40 Detailed Statement of Financial Activities 41 to 42
Changing Futures North East Reference and Administrative Details for the Year Ended 31 March 2024 TRUSTEES D R Blackith A N Jackson D M Jeffery MsGMLamb Ms D M Robertson A Steel COMPANY SECRETARY A Jackson REGISTERED OFFICE 3 Abbey Street Headland Hartlepool TS24 OJR REGISTERED COMPANY NUMBER 04009541 (England and Wales) REGISTERED CHARITY NUMBER 1089347 INDEPENDENT AUDITORS Inspire Compliance Limited Chartered Accountants Registered Auditors 6 Queens Court Third Avenue Team Valley Gateshead Tyne and Wear NEI I OBU BANKERS Co-operative Bank plc Olympic House 6 Olympic Courc Off Montford Street Salford MS 2QP Page I
Changing Futures North East Chalnnan's Report for the Year Ended 31 Marth 2024 n my last reporL the Charity has contlnued to help children to be safer, feel more secure, and have the foundations to do well. It has done thi5 do this by improving the quality of family member relationships and supponing young people in making new relationships primary wlth adults and atso people ts own age. Schools are reportlng an ever-kncreasing rise in students with anxiety. students needing 5UPPOrt with mental health, increasing exclusions. and falling attendan. Consequently. the Charity has continued to respond with a Str¢x partnership offer across Tees Valley, as part of the Mental Health Supporr Teams and 'Getting Help. provision through providing evidence based psythological therapies and children's counsellin& alongside a programme working with adults to understand the impact of their own traumas on them and the current home 5iUHtion and make prattical plans to ameliorate this impacL ' In 2023. at the Strdte8y Day. Directors and key 5raff expk)red a vision for the future th3t would provide a secure future for the Charity and allow it to grow. Larzely this conffirnied the organisations focus on: Enabling collaborntion of parentlnK relationships and famdy relationship& any confjitt well mamged &Jpporting young people who need to be in the care of local authoritie& Enablinx young people to have a variety of relationshlps that matter to them and enable their positive developrnenL The CPwlry operate5 fosterinz through a sS11ary company, and 1¢ has been decided to Consult with stakeholder5 with a view to brinzinz the separate legal entities together under CFNE to Increase operating efficiency and ensure a5 muth money a$ possible goes to local thildren and famllies. The current op¥ating structur¢ is unwieldly, leads to duplication, and thousand$ of pounds a year in additional costs. The Board are thrAled that Changing Fuwres Fostering have secured a °zood' from both the Ofxed Inspection in 2022 aThl more recently in 2024. This provides a good base as we try trj move for4Ydrd cm opening a children's hom Progress on this has been slower than hoped due to issues with Wdilability d propertKs %ithout restrictive covenaTr The management team are focused on securing a suitable yoptrty as soon as posslble. F05terlng growth has been ¢hallengin£ due to a tough market and limited thernal capaclty. Consequently, we are OU•urnZ the marketing and call handling fCtIon and hope to see improvements foNowinz this d)an8& The number of placements is pretty consistenc with a high nwnber of long-term placernents. A new rYi$lng Social Worker IMS been appointed to enable the Manager to cowinue to focu5 on agency developmenL The fundlng for muth ol our work is now contract based and can be traced back to government fundin£. Outside of suppon for young people in are {which is a priority area for local government and 5tsWtory obligation) ¢xhw funds are uncertain and we await the new budget with interest and hope. However. the Charity has built a good reserves base tkAt provides some securlty. As the Charity has continued to mature and build a strong skills base on the board, it has continued to strenn it's subcommittee Strucwre. Notsbly the HK Safezwdin& Contratt Performance and Project DevelopmenL Health & Safety arml Finan sub¥rnups have been particularty activ4 and the pay and conditions subgroup has continued to perform well. My thanks ¢0 the truses %*tho l&d these sub-groups and give up so much of their additional and scarce timo I would like to thank the Board for the support a5 ever. I would atso &ke to thank Di Robertson. who has stepped into the Chair in my absence and agreed zo take the role of Vice Chair. I would also like to thank the stsff len and ow large v¢lunteer base for ther continued hard work commitment arKI supporL The Charity has enabled such a lot of positive chae In this kst year or 50. and it Is your relentless focus on doing your best for children and families that Iles beThd this. Ms G M Larnb- Chairperson
Chan8ing Futures North East Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Cornpanies Acc 2006. present their report with the financial statements of the chariry for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reportins by Charities: Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irdand (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objetts of the Chariry (as amended on l Oth July 2019) are: specifically restritted for the public benefit to the promotion of the upbringing and care of children and young people in need from all back8round& cultures. and faiths or none, in particular by. Promoting their better care and safeguarding them. Providing assistance to them and their families and carers Promoting their health Promoting their education and establishment in life. The chariry promotes the benefit of children and young people in particular through recognition of the incerconnectedness of human systems and the role of the family and the communiry in creating the environmental conditions to enable children and young people to thrive. Our vision, mission and key Strategies The Charity is founded on the fundamental belief that relationships matter to people. They can catalyse joy. They can lead to profound misery. People with a variety of strong, healthy rdationships are better able to thriv@ and betr deal with challenges preseThd by life. Through enhancing the relational resources available to children, family member& and community members and indeed those agencies and workers that make up the village around the family, the Charity seeks to bring about lasong social change. Vision We will help create a society where every child and young person has opponunity to be supported by the full range of healthy relationships they need to thriv This will help break intergenerational cycles ol traumi poverty and depriyation. Mission To help children. families and communities to flourish: Enabling families to have the rdational resources and resilience they need to thrive Promoting and supporting parental and other key rdationship5 Enabling devdopment of relationships that heal and Crea or nurture resilience to the impacts developmental and other life trauma Beliefs Everyone has potential - our role is to help people unlock this and achieve the things that matter to them Parents love their children - and this love needs to be acknowledged. worked with, and respected Parental relationships matter - we must be curious about them and support them where needed. particularly given the critical impatt inter-parental relationships have on children Wider relationship5 matter - people stand the best chance of thriving with a variety of positive family. peer. and other relationships Page 3
Changing Futures North East Report of the Trustees for the Year Ended 31 March 2024 Workplace relationships matter healthy and supportive workplace relationship5 are good for people at work and they help them help people in the community better too Systems affett children, change and performance we need to understand and work across the range of relationships. agencies and actors that surround families to best enable positive change Values Ambitious - We're ambitious for children and families and set ambitious goals that help u5 to help them. Inte8rity & Pride - We provide and celebrate the type of help we believe in. Innovation and Competence - We seek to enter and maintain a focus in spaces where we know we can do things well. Collaborative - We recognise we are at our best when we collabornte inside and Outside the organisation Empowering - We know that giving our staff, volunteers and families the tools. support and confidence to enable changes, gives best results. Safe - People deserve to be safe in their relationships. in the community and the workplace and we will try to make sure they are. Our history and current focus The modern 'Changin8 Futures, is a relationship focused agency. with a special focus on working with people whoke experienced traumi that works across Norch East England. We are more interested in what's happened to people than wha¢'s wrong with people. We try to avoid labelling and stiwacising language (and encourage some parts of wider systems to reframe how rhey see and think about the people they work with). The relational focus that underpins our work dates back to the very founding of the organisaucn, when it's sole focu5 vrfas as an estate-based ycuth provider on the Headland of Harclepool. Around 1997, a group of Headland residents and development workers banded together ¢0 consult young people as to their needs. and how they might better be met through youth provision in the area. The culmination of this work was the development of the Abbey Stree¢ Youth Projec4 led by a young person's steering group and supponed by the wider community. At this poinE the organisation formalised as Headland Future Limitrd. The emphasis of Headland Future's youth work was social and informal education. The nurturing of relationships, bringing together people of shared passions in "communities of interest" and an emphasis on enabling young people w enjoy and achieve were more of a focus than issue-based work The Charity still pursues its original mission to improve the lives of children and young people. Over time, the work of the organisation has shifted. based on learning that for many young people, direct work with them can only have so much impacL At times. but not always, change can be best enabled when the family context children live in is warm. nurturing, and free of poorly managed confiitt. Healthy parental relationships have a particular impatt on children's welfare and wellbeing. Parenting children who've experienced trauma is particularly challenging, be ic for birth parents. foster tarers or staff taking care of children in residential settings. We have a particular emphasis on enabling parents, carer5 and workers to understand the impact ol trauma and to parent or work in a trauma informed way. Ensuring that parents, carers and workers are well supported, and have their core needs attended to. is critical to enabling them to meet children'5 needs well. We are acutdy conscious that too many children are living often many miles away from their loved ones because of shorrages in local foster homes and residential placements. We are also saddened that too many young people leave care with few or no loving or trusting relationship5 with adults. A substantial focus for our organisation is to help address these i$5ues through dirett provision of placements {for instance through Chan&ng Futures ForIn our subsidiary company) and through long term 5upporL Page 4
Changing Futures North Et Report of the Trustees for the Year Ended 31 March 2024 The people we work wrth The Chariry has the privilege to work with children. young people, families and organisations in the North East of England. particularly in the Tees Valley. Hartlepool and Darlington. The parents and organisations we work with are Passiona about meeting the needs of children, and have a range of superb assets at their disposal. The children we work with care about their parents. their Siblings and their peers. and want to enjoy life and succeed. The individuals we work with care about the people in their lives and want to be happy. It is an unfortunate truth that many of those that ask for our help have been through forms of hardship (for instance. poverty. the trauma of losing a loved one. bullying, conflitt laden and sometimes violent relationships, abuse. neglect) and that difficulties in their lives have left them with challenges that they are struggling to overcome successfully. However. they have shown much resilience. derMination. and loyalty to others in their lives. our job, when asked. is ro help people to draw on these a55ets and build on their strength5, identifying their own Soals and then catalysing their own change. We target different help to different group& for instance separated families. parents in relationships, children in carq other young people and families. The majority of farnilies who accessed separation support had low incomes, and most former couples were in long term conflicL Evidence shows poorly managed and enduring couple conflict is highly detrimentsl to children's outcomes (especially when combined with matsrial deprivation). Conflict where there are financial difficulties. or children and families live in povery. is far more likely to result in poorer outcomes for children. Following the DWP investing in supporting Councils to better sUPPQrt.parental conflic¢ and our own local worl we have refocused our help towards those families wich more complex situations where specialist help is likely co be needed. We have also focused on helping train, coach and support the wider children's workforce to better support parental relationships. Much of the Charity's work is with people living in deprived communities (in Hartlepool the majoricy of the people we work with live in area5 where children's outcomes are worse than in other areas, and there is material poverty). Some of the Charity's work 15 Specifically targeted towards those that have suffered multiple disadvantages. Some work is focused on enabling people to develop the strengths and resources to avoid hardship through preventstive programmes and collaboration with other agencies. The people who enable change for children and families Firstly. a huge thank you to the parents and children who have let Us into their lives. We support you to draw on your Inna talents and skills, and to make your own change. We are privileged to be invited in to help. A huge thankyou as well to the 29 staff and 88 volunteers who provide this help to children and families. in addition to 6 people who Yolunteered as Trustees. The Charity would like in particular to thank these committed individuals who give up so much of their free time to support people in the community. Without this help we would be unable to provide anywhere near the current level and quality of seryice.
Changing Futures North East Report of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT Achievement and performance Charitable actlvities Objertlves - Dirert help Deliver and broaden our community and parent peer supporc services to help people build connecuons that enable changes for their families and communitie5 Ensure delivery of a therapeutic fostering offer that has peer support at its core Sustainably expand our Independent Wisitor5 offer. and to pilot a mentoring offer Maintsin an emotional wellbeing offer thac increases access for children and familie5 to psychological services Retain specialist couple relationship work as a core part of the organisation's portfolio,. maintain and where possible grow our mediation offer and reducing parental conflict consultancy and trdining Enable changes in systems supporting children and families, through influencing, trainin& consulting and partnering with other people and agencies The Charity helped 2269 people through its service provision compared to 2251 people in 22123 and 1785 in 2021121 Direct beneficiaries Emotional Wellbeing Reducing Parental Conflict Youth & Community 841 448 219 The table below shows numbers of people who benefited from our help. Direct beneficiaries are people we worked with ourselves: indirect beneficiaries are usually children (where we have worked with their parents to help resolve conflic¢ improve parenting capacity or resolve a legal dispute). Year Prnctitloners Dirert beneficiaries Indirect beneficiarie$ (estimated) 761 591 627 367 265 234 23124 22123 21122 20121 19120 18119 223 197 25 20 30 32 1508 1463 1158 674 366 384 2269 2251 1785 1061 650 Deliver and broaden our commun5ty and parent peer support services to help people build connections that enable changes for their families and communities Parents Pulling Together is a three-year parent led universal peer support and parenting service in Hartlepool, delivered in partnership with Hardepool Borough Council. It is funded through the National Lottery Communitie5 Fund. It has been bolstered with extra 5UPPOrt from the lottery 'Know Your Neighbourhoods" grant scheme, enabling 2 sharper locus on eng¥ng parents who would not otherwise have accessed help. Page 6
Changing Future$ North East Report of the Trustees for the Year Ended 31 March 2024 At the heart of Parents Pulling Together is the philosophy that parents are best places to help other parents. Consequently, all of the groups are delivered either through: Paren¢ Connettors, paid for by the National Lottery Communities Fund, who accessed the 'being a parent" groupwork progrdmme themselves, learned loads from IL and delivered it substantially as volunteers. They then took up paid position5 $0 they could dedicate even more time to delivering the programme. We employ three people in this role. Parent Group Leaders - parents who volunteer their time to deliver progrdmmes. Over the past year we've trained new Parent Group Leaders. Parent Connector staff and a number of parent volurteers have run groupwork programmes across schoo15 in Hartlepool. An evaluation is ongoing and will be reported on next year. Ensure delivery of a therapeutic fostering offer Funding has been given to Changing Futures Fostering Limited to deliver a fostering service to benefit children in North East England. The agenq achieved a 'good' rating from Otsted at its first inspection. There a small number of children placed with a growing number of foster families. The agency launched during the pandemic and was challenged by the impact of Covid on foster parent applications bur has subsequently thrived and has a good number of children in placemenL many of whom are long term matched. The therapeuric model has been well received by f0sr parents. Feedback from foster parents about the quality of training 2nd support they receive 15 excellent and children and young people are making good, solid, evidenced progress. The agency has passed break even point and is now gener4ting a surplus. Maintain and expand an emotional wellbeing offer that increases access for children and families to psychological services Living Well Projert We secured separate finance from the Clinical Commissioning Group to pilot "Adverse Childhood Experiences" (ACES) groups to families whose children haven't been picked up for a neurodevelopmental assessment berause they feel that family members would better benefit from help to understand and process some of the trauma, they have experiences in life. Rockpool (who are the owners ol the programme we deliver) succinctly explain what ACES are any why helping people who have experienced ACES matters: Adverse Childhood Experiences (ACES) are stressful or traumatic experiences, including abuse, neglect and a range of household dysfunctions such as witnessing domestic violence or growing up with substance abuse, mental illnes& parental discord or incarceration. Living with ACES results in individua15 developing coping and lifestyle strategies that are based on poor parental attschment and the effects of traum& Improving Acce55 to Psychological Therapies (IAPT) for Children. Young People and Families We have been pleased to offer children and families emotional wellbeing support through a range of interventions including low intensity cognitive behavioural therapy (CBT). high intensity CBT. sYsMiC family work and parenting supporL We do this through partnerships in both North and South Teesside. Our staff have offered low and high intensiry CBT. youth work interyention& parenting, relationship support and children's counselling services. Page 7
Changing Future$ North East Report of the Trustees for the Year Ended 31 March 2024 Mental Health Support Teams Mental Health Support Teams seek to improve young people's emotional wellbeing through.. Delivering evidence based interventions (largely low inonsity CBT) Supporting a senior mental health lead in each education setting to introduce or develop their whole schoollcollege approach to supporting young people's emotional wellbeing Giving timely advice to school and college staff. and liaising with external specialist service4 to help children and young people to get the right support and stay in and do well in education The Link has partnered with five other organisations in South Tees {Middlesbrough, Redcar) including Changing Futures co deliver Mental Health Support Teams ther Alliance has partnered with Changing Futures in North Tees (Hartlepool. Stockton) to expand Mental Health Support Teams ther Sustainably expand our Independent Visitors offer Independent Visitors guide. advise, listen to and befriend young people in care. sharing their experiences as well as trying new activiues and spending quality time together. The Charity now offers Independent Visitors to young people in Hartlepool, Stockton, Middlesbrough, Darlington and Redcar. There has been growth in the number of young people supported. There are now 56 children with a befriender in Tees Valley. We operate under an evidence-based theory of change thar shows that healthy independent visitor relationships with looked after children can mitigate harm, improve stability and help children achieve positive outcomes. Therefor< we measure success for this service based on the quality of the relationship. Once again, over 90% of children who accessed the service reported that they gained a trusted friendladult and all. buc a few children ratsd the qualiry of the relationship as 9110 or l 01 l O { l 01 l O being excellent). The Independent Review of Children's Social Care highlights that many children in care leave home with no or few loving relationships. and one of the "obsessions. is that"No young person should leave care without at least tsyo loving relationships" We think there is huge scope of development of Independent Visitors to include mentoring, particularly t2rgeted at young people with few s¢able relationships in residential care and extending support to age 25. We have secured funding to pilot a mentoring approach in Teesside and will report on the results of the projett in the next report. Maintain and where posslble grow our mediation offer Tees Valley Mediation is the trading name for our Mediation service and trnditionally provided mediation in Tees Valley and East Durham. Mediation enable5 couples to resolve a legal dispute usually around children but also in connection with their finance arrangements following a separation or divorce. We provide both private and legally aided mediation. Supply of legal aid service5 continues to be challengin& as there has been no uplift in fees for many years. Inflation always erodes profitability, but recent inflationary pressures have created additional strain. We have 5ubrnitted a tender to continue to provide the service, The current position is that around 50% of mediation deltvery must be face to face. unless we agree otherwise with our contracr officer. We always offer people the choice of a face to face appointmenL In 2023124.. Referrals into mediation were 363 this year. which decreased from 22123. From these referrals we supportsd 279 people with an initial piece of work 87 couples then went on to engage in mediation which 15 a slight decrease on the year before 48 couples were able to reach an agreemenL Page 8
Changing Futures North East Report of the Trustees for the Year Ended 31 March 2024 • Maintain and expand reducing parental conflirt consultancy and training Changing Futures has worked with 5 local authoritie5 to deliver a combination of trainin& consultancy suppoo dirett delivery and coaching and mentoring of staff. In some areas we have co-delivered (with local staff members) groupwork programmes co separated parents as well assisting Local Authorities to implement specialist relationship interventions. An interim evaluation has been slightly delayed and will be published in the next annual reporL Enable changes in Systems supporting children and families. through influencingg trainingi consulting and partnerlng with other people and agencies Objectives - Bu$ine$s objectives Refine and finalise a strntegic plan for the next 5 to l O years that covers core priorities of family systems. trauma and neglec( care experienced children and parental relationships. Strengthen parricipaeion work across major strands of work Continue to build and refine quality systrms Increase exper¢ise in management of services for care experienced young people and adults on the Board. and add further financial experience The Board have consulted with a variety of stakeholders including staff and beneficiaries and fom)ulated an outline strategy which will be further refined in coming year& Efforts are underway to broaden the skills base on the board as the organisation continues to develop. Quality SysmS have been further developed and external accreditations are being explored. A participation plan is in place and a number of events have taken place in 2024. Page 9
Changing Futures North East Report of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT Financial review Reserves policy The Board determined in its 2015-2021 strategy that free reserves of £225.000 should be targeted. and that free reserves should grow on average by 4% of turnover per annum over the lifetime of the stratey, This target was achieved. At 3110312023 £312.530 was held in free reserves and by 311312024 this had increased to £401,899. Whilst the Trustee5 aspire co achieve a growth in reserves equal to at least 4% of turnover they are mindful of the need to pay fairly, invest in the main premises and ¢0 invest in new ventures to 5UPPOrt looked after children. Consequently, they view the 4%+ target as a longer rM aim that should be realised ConsisndY by financial year 2027128. Year 14115 to 15116 15116to 16117 16117to 17118 17118to 18119 18119 to 19120 19120 to 20121 20121 to 21122 21122 ¢0 22123 22123 to 23124 Annual Change £60.248 (£3,014) (£14,314) £34,231 £89.250 £17.828 (£33.416) {£2.62T) £89.379 Income in Year £731,349 £649,706 £577,982 £535,141 £757,494 £840.863 £903,559 £893.570 £884,997 Growth as % of income 8.3% (0.5%) (2.5Y.) 6.4% 11.8Y• 2.1% (3.7%) (0.3%) 10.1% Average to datè 8.3% 1.8% 2.8% 4.3% 4.3% 3.2% 13% 3.5% Targeted investment has been made in accivities of importance to the development of the Charity in this current financial year. Reserves policy rationale The Trustees consider that the performance of the Chariw over the period is satisfactory. However, in their annual risk review the trustees commentsd again on current and future economic condityons and political considerntions creating or adding to uncertainly in the funding environment: Infiation and its impatt on reducing the effective value ol reserves, and pressures on budgets Reliance on sales generally to draw in revenue Uncertainly about governments priorities in relation to children's seryices and social care, in part following the last elettion and change in government Pressure on local government and central government finances which seems unlikely to radically improve quickly High competition for contratts and grnnt The Board have considered how best the organisation$ Strategic aims and objectives can be achieved in the context of the current and preditted environment and the organisations strengths and weaknesses. Their view is that sufficient reserves should be held co: Safeguard a limited number of services to vulnerdble beneficiaries in the short term. until either replacement funding can be secured, other Services can be brought in to offer supporL or needs can be met by the Charity Providing working capital to ensure restritted funding remains restricted, and ensure that adequate funds are held to account for late debtors Page 10
Changing Futures North East Report of the Trustees for the Year Ended 31 March 2024 To cover liabilities in the unlikely event tha¢ the Charity is wound up To enable investment in development of new seryices, subject to a strong business ease and likelihood of sustainable income and good outcomes for children bein8 generad by such seNices ReseThes should be managed in a way thaL where it is necessary co hold them. they genernte the best possible return for the Charity {incl4Jding both financial and social return). In respect of investment in development of new services. the Board are committed to investment in residential care because: The Board believe that this provision would meet an under-met need in an area with increasing demand 1¢ builds from the organisations core competencies in supporting children and young people through a therapeutic parenting offer, and of addressing neglect and trauma It helps meet the organisations charitable object5 It links to one of the prioriry areas of spending for L¢xal Authori¢ies - there is and will remain a statutory obligation to safeguard vulnerable children Investment would be likely to be paired with loan finance. Quality Assurance & Complaints Changing FureS North East is committed to standardising processes to ensure quality in multiple areas of business operauons. Consequendy. the Charity pursues securing and mainraining relevant quality marks. No formal complaints were rKeived in 2023124, as opposed to l in the previous financial year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documen¢ a deed of trusE and constitutes a limited company, limited by 8uarantee, as defined by the Companies Att 2006. Page 11
Changlng Futures North East Report of the Trustees for the Year Ended 31 March 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are a150 the direttor5 of Chawng Futures North East lor the purpbses of company Jaw) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kinzdom Accountlng Standards (United Kingdom Generally Acwted Accounting Prattice). Company law requlres the trustees tr) prepare financial $tatements for each financlal year YA)ich glve a true and fair view of the state of affairs of the charitable company and of the incomlng resources and applicatlon of resources induding the income and expendir of the charitable company for that period. In preparlng those financial statements. the trustees are required select suitable accounting policies and then appty them consistently,. observe the methods and prlnciples in the Cl4rity SOR make judgements and estimates that are reasonable and prudenr prepare the financlal Statements on the going contyn ba$is unless ic is Inapproprlate to presume that the charitable company will contlnue in buslness. The trustses are responsible for keeping proper attount1 records which disclose with reasonable accuracy at any time the ffinancial positlon of the charitable Company and to enable them to ensure that the financlal statement5 comply with the Companies Att 2006. They are also responsible for safeguardlng the assets of the charitable company and heno for takinz reanable steps for the preventron arKI detection of fraud and other irregularities. In so far as the trustees are aware: there Is no relevant audit informatlon of which the tharitable companls auditors are unawdre., and the trustees have taken all steps that they ght to have taken to make themselves aware of any relevant audit information and to establish that the audltors are aware of that informatlon. AUDITORS The audltors. Inspire Compliance Limlted, will be proposed for re4ppointment at the forthcoming Annual Generdl Mee¢inz. Report of the directors. on .... u$te incorporating a strdteglc report approved by order of the board of trustees as the company and Sied on the board'5 behaW br. Ms G M Lamb - Trustee Page 12
Report of the Independent Auditors to the Trustee$ of Changing Futures North East Opinion We have audited the consolidated financial statsments of Changing Fucures North East (the 'charitable company,) for the year ended 31 March 2024 which comprise the consolidated Statemenc of Financial Activities, the consolidated Staternent of Financial Positicn, the SLltement of Cash Flows and notes to the financial statements. including a summary of significant accounting policies. The financial reporting frdmework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pracrice). In our opinion the financial statements: give a true and fair view of the stats of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prac(1. and have been prepared in accordance with the requirements of the Companie5 Acc 2006. Basis for opinion We condutted our audit in accordance with International Standards on Audiring (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our reporL We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FKC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to g0Sng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriat& ased on the work we have performed, we have not identified any material uncertainties relating to events or conditions tha4 individually or collec¢ively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least rwelve months from when the fiThancial statements are auchorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant SecOn$ of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Repor( Other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our repor¢ we do not express any form of assurance conclusion thereon. In connection with our audit of the financial 5tatsments, our responsibility is to read the other information and. in doing so. consider whether the other informauon is materially inconsistent with the financial statement5 or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi55tatements. we are required to determine whether thi5 8ive5 rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude thar there is a material mi$5tatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 13
Rèport of the Independent Auditors to the Trustees of Changin8 Futures North East Matters on which we are required to report by exception We have nothing to report irtr respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf, in our opinion: the inforn)ation given in the Report of the Trustees is inconsistent in any macerial respett with the financial statements. or the charitable company has not kept adequate accounting retords," or the financial statements are not in agreement with the accounting record5 and returns,. or we have not received all the information and explanations we require for our audit. Responsibilities of trustee5 As explained more fully in the stIrnent of Trustres, Responsibilities the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Intern control as the trustees derrnIne is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable. Matr$ related co going concern and using the going concern basis of accounung unless the trustees either intend to liquidats the charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibillties for the audlt of the financial statements We have been aPpoind as auditors under Section 144 of the Charioes Acr 201 l and report in accordance with the Att and relevant regulations made or having effett thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenL whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducod in accordance with ISAS (UK) will always dececr a material misstatement whén it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expetted to influence the economic decisions of users tsken on the basis of these financial statements. The extent to which our procedures are capable of detetting irregularities, including fraud is detailed below: We gained an understanding of the legal and regulatory framework applicable to the charity and the area in which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations. including fraud. We designed audit procedures to respond to the risk recognising that the risk of not detecting x marIal mistatement due to fraud is higher than the risk of not dectIng one resulting from error, a5 fraud may involve delibernte concealment by. for example, forgery or international MispresentatiOns, or through collusion. We identified the greatest potential for fraud in the following areas: recognition and completeness of income and posting of unusual journals. We discussed these risks with management and designed audit procedures to test the recognition and comple*ness of revenue. We reviewed journals posted around the year end to look for potential "window dSsIn¥,. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at vrvrw.frc.org.uWauditorsresponsibilities. This description forms part of our Reporc of the Independent Auditors. Page 14
Report of the Independent Audltors to the Trustees of Changing Future$ North East Use of our report This report is made solely to the charittble companl5 trustees, as a body, in accordance with Part 4 of the Charrties (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we rnight state to the chartible company's trustees those matcers we are required to state to them in an auditors, report and for no other purpose. To the fvllest Èxtent permitted by law, we do not accept or assume responsibiltty to anyone other than the charitable company and the charitable companls trustees as a body. for our audic wor14 for thi5 report or for the opinions we have formed. Insplre Compllance Limited Chartered Accountants Regi*red Auditors Eligible to att as an auditor in terms of Section 1212 of the Companies Act 2006 6 Queens Court Third Avenue Team Valley Gatethead Tyne and Wear NEI I OBU Page 15
ChangSng Future$ North East Consolldatsd Statement of Financlal Actlvltle$ for the Year Ended 31 Marth 2024 31.3.24 Total nds 31.3.23 Total funds Unrestrlctsd Restricced funds funds INCOME AND ENDOWMENTS FROM Donations 2nd legacies 5.261 5.261 4.209 Charitable activlties Systems Change Work Couple and family reL3tion5hips Wothng with children and young people Core 5UPPOrt Employment support Fostering service 88.904 184.424 482.736 113,641 126.102 219,354 343.457 85,000 110,271 353,410 152.201 430.014 43.641 32.223 52.722 70.1)00 763.039 763.039 Other tradin8 attivities Investment income 5.115 62 10.031 10,031 Total 1,404,187 243,849 1,648,036 1.246,980 EXPENDITURE ON Charitable activltles Systems Char¢ge Work Couple and family relationships Working with children and young people Core support Employment 5UPPOrt F0srIng service 75.(A3 5.356 56.134 75.157 75.645 137.412 418. 170.175 19&745 170.536 455.020 132.056 361410 95.018 150,420 34&064 691.953 691.953 Total 1.281.439 212.290 1.493.729 1.322,785 NET INCOMEI(EXPENDITURE) 122.748 37.865 31,559 37.865 154,307 (75,805) Transfers between funds Net movement in funds 160.613 (6.306) 154.307 (75.805) RECONCILIATION or FUNDS Total funds brought foryrard 325,554 416,220 741.774 817,579 TOTAL FUNDS CARRIED FORWARD 486.167 409,914 896.081 741,774 The notes fonn part of these ffinanaal statements Page 16
Changlng Futures North East Consolldated Statement of Financial pOtIon 31 March 2024 31.3.24 Total funds 31.3.23 Total fijnds Unrestritted funds Restricted funds Note5 FIXED ASSETS Intangible assets Tangible assets 12 13 190 9.964 190 339.773 760 351766 329,809 10.154 329 339,963 353,526 CURRENT ASSETS Debtors Investments Cash at bank and in hand 15 258.732 86.376 284.998 53.009 311,741 86.376 312,094 90.219 81.203 319.490 27.096 630.106 80.105 710.211 490.912 CREDITORS Amounts falling due within one year 17 (139.021) (139.021) (77.755) NET CURRENT ASSETS 491,085 80.105 571.190 413.157 TOTAL ASSETS LESS CURRENT LIABILITIES 501,239 409.914 911.153 766,683 CREDITORS Amounts falling due after more than one year 18 (1 s,on) (15.072) {24,9091 NET ASSETS 486.167 409.914 896,081 741,774 FUNDS Unrestricted funds Restrltted funds 20 486.167 409,914 325.554 416,220 TOTAL FUNDS 896,081 741,774 The charirable company 1$ entitled to exemption from audlt under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not deposited notic4 pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial ttatements. The note5 form part of these financial Statements Page17
Changlng Futures North East Statement of Fknancial Position - ¢¢tInued 31 March 2024 The trustees acknow]edge their responsibiliries for (a) ensuring that the charitable company keeps Kcounting records that comply with Sections 386 and 387 of the Companies Act 2006 and prepartng financial statements which glve a true and far view of the state of affalr5 Qf the charhtable company as at the end of each finanaal year and of its surplus or ddicit for each financial year in a¢cordan¢e with the requirements of Settions 394 and 395 and Nvthich othwwise comply with the requirements of the Companies Act 2006 relating to financial 5tatementy so far as applicable to the charittble company. These financial statements have been audited under the requirements of Seaion 145 of the Charities Act 2011. (b) The tlnancial statements were appruied by the Board of Trustees and authorlsed for Issue on ..................................... and slgned ¢Jn its behalf by. Ms G M Lamb - Trustee The no¢es forni part of these financial statements Page 18
Changing Futures North East Charity Statement of Financial Posltlon 31 ma h 2024 31.3.24 Total fund5 31.3.23 Totsl funds Unre5tr1cted funds Restricted funds Notes FIXED ASSETS Intangible assets Tangible assets Investments 12 13 14 190 9.964 10 190 339.773 10 760 352.766 10 329,809 10.164 329.809 339.973 353.536 CURRENT ASSETS Debtors Investments Cash at bank and in hand 15 16 318,339 8&376 160.$80 53,1)09 371,348 86,376 187.676 120.852 81,203 252,229 27.096 565.295 80.105 645,400 454,284 CREDITORS Amounts falling due within one year 17 (74.220) (74.220) (41,137) NET CURRENT ASSETS 491.075 80,105 571,080 413.147 TOTAL ASSETS LESS CURRENT LIABILITIES 501.239 409,914 911,153 76&683 CREDITORS Amounts falling due after more than one year (15.on) (15,072) (24,909) NET ASSETS 486.167 409.914 896.081 741,774 FUNDS iJnrestri¢ted funds Restricted funds 20 48&167 409,914 325.554 416.220 TOTAL FUNDS 896,081 741,774 The charitable company is entitled to exemption from audit under Section 477 of the Companies Att 2006 for the year ended 31 March 2024. The members have not depostted noticeTr pursuant to Section 476 of the Companies Art 2006 requiring an audit of these financial statements. The no5 form part of these financial statements Page 19
Changln8 Futureg North Eart Statement of Financlal Posltion • contlnued 31 Marth 2024 The trustres athiowledge their responsibilities for {a) ensuring that the charitable company keeps accounting records comply with Settions 386 and 387 of the Comparmes Att 2006 and preparing finanaal statements which give a true and fair view of the sta¢¢ of affalrs of the charioble company as at the end of each financlal year and oflts surplus tx deficit for ch financial year in accordance wlth the requlrements of Sectlons 394 and 395 and vthich othwwise comply with the requirements of the Companles Act 2006 rdtiTrg to financial statements, so far as applicable to the charitable company. {b) These financial statements have been audited under the requirements of Sectson 145 of the Charitie5 Att 2011. Thè fir4ncial ststements were approved by the Board of Trustees and authorised for Issue cn ...... and were signed on its belmlf br. Ms G M Lamb - Trustee The notes fm part of these financial statements Page 20
Changlng Futsires North East Statement of Cash Flows for the Year Ended 31 March 2024 31.324 31.3.23 Notes Cash Ilows from operatlng actlvltles Cash generated from operath)ns Interest paid 15.743 753 (27,048) Net cash provided byl(used in) operatinz acrivioes 14.990 Cash flow$ from Investlng artivities Purchase cf tangible fixed asset$ Int¢rest received (4,326) 62 IQ031 Net cash provided byl(used in) invesiing activities 10.031 Cash flows from financlng artivities Loan repayments in year Increase in short term deposits (9,831) 5,173 (53W) Net cash used In financing actlvltles Change In cash and cash equlvalents in the reportlng perlod Ch and equlval¢nts at the beglnnlng of the reportlng perlod 10,017 (85,180) 290.716 375,896 Cash and cash equlvalents at the end of the reporting perlod 300,733 290,716 The note5 form part of these Ilnancial statements Page 21
Changlng Futures North East Noteg to the Statement of Cash Flow$ for the Year Ended 31 Marth 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net Incomel(expendlthre) for th¢ reportlng period (as per the Statsment of Finandal Actfvltles) Adjustsiients for Depreciation charges Irrterest received Interest paid (Increaseydecrea5e in debtors Increasel(decrease) in credlc¢r$ 170,158 (75,805) 13.563 (10,031) 753 1221,522) 62,822 13,763 (62) 42,444 7,388 Ne¢ cash provided byl(used In) operatlons 15,743 27,048 ANALYSIS OF CASH AND CASH EQUIVALENTS 31.3.24 31.323 Cash in hand Notice deposlts (less than 3 months) Overdrafts induded in bank loans and overdrafts falling due within one year 635 311,459 11,361) 319.490 28,774 Total and cash equivalents 300.733 290,716 The notss (orm part of these financial statements Page 22
Changlng Futures North East Notes to the Statement of Cash Flows for the Year Ended 31 March 2024 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash Ilow At 31.3.24 Net cash Cash at bank and In hand Bank overdraft 319,490 774 (7.396) 17.413 312.094 11,361 290.716 10,017 300,733 Llquid resources Dep05its included in cash Current asset investments 86.376 81,203 5.173 86.376 Debt Debts falling due within l year Debts falling due after l year (9,893) 24,909 (6) 9.837 (9,899) 1 s,on 34,802 9,831 24,971) Total 337,117 25,021 362,138 The notes form part of these financial staoments Page 23
Changing Futures North East Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial 5tatement5 of the charitable company. which is a public benefit entity under FRS 101 have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statsment of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting standard 102 'The Financial Reporting Srandard applicable in the UK and Republic of Ireland, and the Companies Att 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fund& it 15 probable that the income will be received and the amount can be measured reliably. Grants are included in the Stament of financial attivities on a receivable basis. The balance of income received for specific purposes but not expended during the period 15 shown in the relevanc funds on the balance sheet. Where income is received in advance of entitlement of receipL it5 recognition is deferred and included in creditors in deferred income. Where entitlement occurs before income is received. the income is accrued. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or construttive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to parucular headings they have been allocatsd to activities on a basis consisnt with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and fittings Computer equipment 2% on cost 25% on cost 25% on cost Taxation The charity is exempt from corporation rax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ReStrid funds can only be used for particular restrirted purposes within the objetts of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in rhe notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activitie5 on a straight line basis over the period of the lease. Page 24
Changing Futures North East Notes to the Flnancial Ststements - Conned for the Ended 31 Marth 2024 AccouKfiNG POLICIES - contlnued Penslon costs and other post-retlrement benefits The tharitable company operdtes a defmed contribution pension scheme. Contributions payable to the charltable companls penslon scheme are charged to the Statement of Finanaal Actlvlties in the period to which they rela DONATIONS AND LEGACIES 31.3.24 31J23 Donations 5,261 4.209 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Fundrdising events 5.115 INVESTMENT INCOME 31.3.24 31J23 Deposit account Interest 10,031 62 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 Activity Systems Change Work Couple and famlty relatlonships Working wlth d)Ildr and young people Core supp4)rt Employment support Fostering servi 31.3.23 Grants 88.904 184,424 481736 113.641 124102 219,354 343,457 85.000 10,271 353,410 Grants Grants Grants Grants 763.039 1,631744 1237,594 Page 25
Changing Future$ North East Notes to the Flnanclal Statements- continued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Systems Change Work Couple and family relationships Working with children and young people Core support Fostering service 75,64S 137.412 75,645 137.412 418.$44 418.544 170.175 691.953 170.175 20.580 671,373 1.302.974 190,755 1.493.n9 SUPPORT COSTS Governance costs Managemert Pinance Totals Core support Fostering servi 148.477 20.091 14.536 16000 170.175 20.580 158.930 15.025 16.800 190.755 NET INCOMEI(EXPENDITURE) Net ineomel(expenditure) is stated after char%lngl(credÉ¢ing): 31.3.24 31.3.23 Audltors. remuneration Other non-audic services Depreciation - owned assets Hire of plant and machinery CoMpur software am¢rrisatlon 11.700 5.100 12,993 3,326 570 4.300 13,193 570 Page 26
Changlng Futures North East Notes to the Financlal Statements - continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other knefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 10. STAFF COSTS 31.3.24 31.3.23 Wages arbd salarie5 Social security costs Other Ps1on costs 702.546 61,042 16.620 572,828 127.146 11.681 780,208 711.655 The average monthly number of employee5 during the year was as follows: Charitable servlc*s Management and administration Fosttrinz 31.3.24 20 31.3.23 22 29 31 No employees received em01ents in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restritted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 4.209 4,209 Charltable activitles Systems Change Work Couple and family relationships Worl¢ing with children and young people Core 5UPPOrt Employment support 64.352 144,462 222.017 61,750 74.892 121.410 85.000 110.271 12&102 219,354 343,457 85,000 10,271 353,410 5.115 62 Other trdding activities Inyestment income 353.410 5.115 62 Total 793.657 453,323 1,246,980 Page 27
Changlng Futures North East Notes to the Financlal Statements • Continued for th¢ Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fd$ Totsl fuwM15 EXPENDrruRE ON Charitable actlvlties Systems Change Work Couple and family relaOnShIpS Working with children and young people Core svppon Employment support Fosterinz service 49.451 153,490 297,258 149,294 17.046 157,762 19&745 170,S36 455,020 14.951 3ffl064 135,469 1 $0,420 348.064 Totsl 863214 459.571 1,321785 NET INCOMEIIEXPENDITURE) Transfers between funds (6955T) 22,122 {4248) (75,805) Net movement In funds {47,435) (2a370) (75.805) RECONCILIATION OF FUNDS Total funds broht forward 372,989 444,590 817,579 TOTAL FUNDS CARRIED FORWARD 325,554 416.220 741,774 Page 28
Changing Futures North East N¢)tes to the Financial Statements - continued for the Year Ended 31 March 2024 12. INTANGIBLE FIXED ASSErs Group and Charlty Computer COST At l April 2023 aftd 31 March 2024 4.280 AMORTISATION At l April 2023 Charge for year 3.520 570 Ac 31 March 2024 4,090 NEf BOOK VALUE At 31 March 2024 At 31 March 2023 760 13. TANGIBLE FIXED ASSETS Group and Charity Freehold propery Fixtures and fittings Computer equipment Torals COST At l April 2023 and 31 March 2024 571,080 9,655 117,082 697.777 DEPRICIATION At l April 2023 Charge for year 224.532 9.615 110.864 1.571 345,011 12.993 At 31 March 2024 235.954 9.615 112,435 358,004 NET BOOK VALUE At 31 March 2024 335,126 4.647 339.773 At 31 March 2023 6.218 351766 Page 29
Changing Fre5 North East Notss to the Flnanclal Statements - tontlnued for the Year Ended 31 March 2024 14. FIXED ASSET INVESTMENTS Charity Investrnert in subsidiary COST At l April 2023 and 31 March 2024 10 NET BOOK VALUE At 31 March 2024 At 31 March 2023 10 PRINCIPAL SUBSIDIARY The following was a subsldlary undertaking of the charity. Company number Reglstered offlce or prinelpal place of buslness 3 Abbey Stree¢ Hartlepool. TS24 OJR Name Holding Changing Futures Fosterin8 Limited 11976708 loo% The financial results of the 5ub5idiary for the year Vr& Income Expenditur Net assets Changlng Future$ F05tering Umited 763,039 (763.039) 10 Page 30
Changlng Futures North Eart Notes to the FinancSal Ststements - continued for the Year Ended 31 March 2024 I& DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group 2024 Group 2023 Chllrity 2024 Charty 2023 Trade debtors 30Q686 4&776 231911 2&814 Amounts owed by 0UP undertakin8S Prepayments and accrued income 138,437 67,271 3.055 41,443 2&767 311,741 90,219 371,348 120.852 I& CURRENT ASSET INVESTMENTS Grnup 2024 Group 2023 Charity 2024 Charity 2023 Listed investments 86J76 81,203 86.376 81,203 17. CREDITOR&. AMOUNTS FALLING DUE WITHIN ONE YEAR Group 31.3.24 Group 31.3.23 Charlty 2024 Charity 2023 Bank loans and overdr4fts (see note 19) 21.260 38.667 9,899 9,893 Trade creditors 69.446 7.727 36.392 3.892 Other taxatlon and social security 18.957 17.254 16,229 15,052 12.300 Accruals and deferred income 29.358 14.107 11,700 139,021 71.755 74,220 41.137 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Group and Charity 31.3.24 31.3.23 Bank loans (see note 19) 15,072 24.909 Page 31
Changing Futures North Eart Notes to the Financlal Statements - continued for the Year Ended 31 March 2024 19. LOANS Group and Charlty An analysis of the maturity of loans is given below. 31.3.24 31.3.23 Amounts fallin£ due wlthin one year on demand: Bank overdrafts Bank loans 11,361 9.899 2&774 9.893 21,260 38,667 Amounts falling due between two and re yearx Bank loans- 2-S years 15,on 24,909 Page 32
Changing Futures North East N¢)tss to the Financial Statements - continued for the Year Ended 31 March 2024 20. MOVEMENT IN FUNDS Net movement in funds Trnnsfers beThYeen funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Rer41uation Reserve Fixed Assets Tr3ining Mediation 290,719 5,317 6.978 21.801 (77.773) (175) 11141) 188.953 401.899 5,142 4037 Q8091) {13.055) 13.055 Designated funds Independent Visitor Independent Visitor Expenses Independent Visitor Teesside Getting Help IAPT 2022 Funds in a non charitable subsidiary Tudor Trust Unrestricted North Tees Menral Health Support Team IV Spot Purchase Dfe Mentoring and Befriendlng Father5, Strategy South Tyneside ACES Darlington Family Group Conferencing 1.587 287 5.472 3.366 (398) 71.086 44.000 9.137 1.190 4.169 19.650 15.929 7.217 (1.587) (37) (5.472) (3.699) 250 333 396 10 (71.086) 10 44,000 1.757 17.380) {1.190) (4.160) (4.650) (6.050) (3.833) 15,000 9,879 3,384 Total unrestricted and desIated fund5 325.554 121748 37,865 48&167 Restrlcted funds Abbey Project National Lotrery Cornmunbty Fund- RC North East and CuTnbria Rezion Tudor Trust Ment21 He21th Support Team Victoria Ward Ballinger Charitable Trust Comi¢ Relief HBC PF National Lottery Cornmuniry Fund - Know Your Nei8hbourhood 341.231 26.121 (11.422) 10.695 329.809 2&303 (8.513) 2.508 23.455 {1.725) 3.757 {3.261) {6.645) 14.197 1508 10.061 6.400 6277 20.674 6.269 9.248 (19.794) (4.552) 24.431 (3.006) 2.603 12,197 (2.000) Tod restricted fund5 41&220 31.559 37,865 409,914 TOTAL FUNDS 741,774 154.307 896.081 Page 33
Changing Fur¢s North East Notes to the Flnancfal Statements - continued for the Year Ended 31 March 2024 20. MOVEMENT IN FUNDS - contlnued Net movement in fund& included in the above are as follow& Incoming resources Resources expended Movement in funds Unrestricted funds General fund Rewdluation Fieserye Flxed Assets Trnining Mediatlon 14.933 (92,706} (175) (2.141) 177.791) (54,265) (77,773) (175) {2,141) 7,090 13,055 84.881 67.320 Designated thnds Independent Vlsitor Independent Visltor Expenses Independent Wisitor Teesside Getting Help IAPT 2022 23,127 28.921 26.827 79,667 (21.540) (28.634) (21.355) {76.301) {398) {691,953) 1.587 287 5,472 3,366 (398) 71,086 44.000 9.137 Funds in a non charitable subsidiary Tudor Trust Unrestyicted North Tees Mental Health Supporc Team IV Spot Purchase Dfe Mentoring and Befriending Fathers. Strategy South Tyneside ACES Darlington Family Group Conferencing 763.039 103.296 1.190 86.763 20.1)00 48.000 12,223 (94.159) {82.594) {350) {32.071) {S.CQ6) 4,169 19,650 15,929 7,217 Total unrestricted and designated funds 1.404.187 (1,281.439) 122,748 Restricted funds Abbey Project National Lottery Communiry Fund- RC North East and Cumbria Region Tudor Trust Mentsl Health Support Team Victoria Ward Ballinger Charitable Trust Comic Relief HBC PPT National Lottery Community Fund - Know Your Neighbourh*)od (11,422} (41,759) (11,422) 10.695 52.454 50.000 84.945 {47.492) {61.490) (1.725} (16,243) (6.511) (6,645) (19,W3) 1508 23,455 (1,725) 3,757 (3,261) (6,645) 14.197 20.0 3.250 33.200 Totsl restricted funds 243,849 12.290 31,559 TOTAL FUNDS 1.648.036 1.493,729 154.307 Page 34
Changlng Futures North East Notes to the Financlal Statements - continued for the Y¢ar Ended 31 Marth 2024 20. MOVEMENT IN FUNDS - contlnued Comparatives for movement in funds Net movement in funds Trdn5fers between nds At 31.3.23 At 1.4.22 Unrestricted fund$ General fund Revaluation Reserve Fixed Assets TrnIng 282,714 5.492 4.993 31433 (95,059) (175) (1341) 35,521 103.064 290,719 S.317 6.978 21.801 4.326 {46.153} Dl£nated fvnds Moving on Relats Independent Visitor Independent Visitor Expense5 Independent Visitor Teesside Getting Help Mentoring IAvf 2022 Funds in a non charitable subsidiary 14.611 377 37 16,939 (6.320) (210> (2.805) (16.140) (647) (31.550) 5.943 173 1619 (8,271) {6.238) (1.791) 24.744 333 507 10 396 10 Totsl unrestricced and designated funds 3n989 (69,55T) 22,122 325,554 Restrlrted funds Abbey Projecr N*ional Lottery Community Fund - RC North East and Cumbria Region Mental Health Support Team ESF Emplo>Thent Support- Kidtart Pre Employment and Employment Ic¢oria Ward Ballinger Charitable Trust CCG Neuro Comic Relief North Tees Mental Health Support Team HBC pFr 352,478 12.890 (11,247) 34,656 341,231 26.121 {21,425) 11,016 212 25,058 197 17,095 1,075 a138 16,431 6,268 (13.230) (14688) {6.577) (&166) 19,599 (3,507) {6,251) 2.547 3,652 (10,884) 13.018 (Q370) 6,380 (1652) 6,400 277 20,674 {4.631) (3.911) (1547) 4269 9,248 Totsl restricted funds 444.590 22.122 416.220 TOTAL FUNDS 817.579 75.805) 741,774 Page 35
Changlng Fut4ire5 North East Notes to the Flnancial Statements - contlnued for the Year Ended 31 March 1024 20. MOVEMENT IN FUNDS - continued Comparntive net movement in funds Included in the above are as follows: Incoming re50urces Resources expended Movement In funds Unrestricted funds General fund Revalvarion Reserve Fixed Assets Trnining 72.606 (167,665) (175) (1341) (28.831) (95,059) (175) (1341) 35,521 64,352 Designated funds Moving on Relate Independent Wisitor Independent Visitor Expen5e5 Independent Visitor Teesside Getun8 Help Mentoring IAFf 2022 Funds in a non charitable subsidiary 69,453 20,095 26,222 24,585 10,565 14,984 42,731 348,064 (52,S14} (26,41 ¥ (26,432) (27,390) (126,705) (15,631) (41,051) 341064 16.939 (6.320) (210) (1805) (16.140) (647) Total unrestritted and designated fvnds 793,657 (863,214) {69,55T) Restrirted funds Abbey Projecr National Lottery Communty Fund - RC North East and Cumbria Region Tudor Trust Mentsl Health Support Team ESF Employment Support- Kickstsrt Pre Employment and Employment VKtori2 Ward Ballinger Charitable Trust CCG Neuro Comic Relief North Tees Mental Health Support Team HBC PPT (11,247) (40,236) (11.247) 34.656 74,892 35.000 54.276 (35,000) (4a008) {13,230) (126,959) (6,577) (23.166) (15.401) {21,643) (68,001) (46,451) 6.268 (13.230) {16.688) (&577) (&166) 19.599 (3.507) (6.251) 2,547 3,652 110,275 15,000 35.000 18,136 61.750 4&998 Totsl r¢5tricted funds 453.323 459,571 &248 TOTAL FUNDS 1.246,980 1,322,785 75,805 Page 36
Changing Futures North East Notes to the Financlal Ststements- continued for the Year ETrd 31 March 2024 20. MOVEMENT IN FUNDS - continued A current year12 months and prior year12 months combined position is as follow& Net Transfer5 movement betsveen in funds funds At 31.3.24 At1.4.22 Unrestricted fuTrds General fund Revaluation Reserve Fixed A55ets Trnining 282.714 5.492 4.993 32.433 (172.832) (350) (4.482) 42.611 292,017 401.899 5,142 4.837 4.326 (75,OH) Designatsd funds Moving on Relate Independent Visitor Independent Visitor Expense5 Independent Visilor Tee&side Getting Help Mentoring 14.611 377 37 186 24.744 6.885 507 10 16,939 (4.733) {31.550) 4,356 136 (2.853) {11.970) (6.238) {1.789) 171.086) (13.055) 250 1667 {12.774) (647) 1.282 71.086 13.055 44.000 11.684 1.190 4.169 19.650 15.929 7217 IAPT 2022 Funds in a non charitable subsidiary Mediation Tudor Trust Unrestricted North Tee5 Mental Health Support Team IV Spot Purchase DFE Mentoring and Befriending Fathers, Strategy South Tyneside ACES Darlington Family Group Conferencing 10 44.000 1.757 (9.927) (1.190) (4.160) (4.650) {6,050) (3.833) 15,000 9,879 3,384 Total unrestricted and designated funds 371989 55.738 57,440 486,167 Restricted funds Abbey Projert National Lottery Communiry Fund- RC North East and Curnbria Region Tudor Trust Mentsl Health Support Team ESF Employrnent Support- Kickstart Pre Employment and Employment Viccoria Ward Ballinger Charitable Trust CCG Neuro Comic Relief 351478 11890 (21669) 45.351 329.809 28.303 129.938) 1508 29.723 (13230) {16.688) (6,577) {9.891) 23.356 (3.507) (9.512) (10.297) 14.197 2,508 10.061 11,016 212 25.058 197 17.095 1.075 &138 16.431 (30.678) 13.018 (8.370) 6.380 17.204) 24.431 (4.631) (6.917) 12.900 (2.000) HBC PPT 2.603 12,197 National Lottery Community Fund - Know Your Neighbourhood Total reStriCd fvnds 444.590 22.764 57.440 409.914 TOTAL FUNDS 817.579 78502 896.081 Page 37
Changing Fqrture$ North East Notes ¢0 the Financial Statemerbts - Contlnued for the Y&qr Ended 31 March 2024 20. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, Included in the above are as follows.. In¢omlng resources Resources expended Movement in funds Unrestricted funds Genernl fund Revaluation Reserve Fixed Assets Training Mediation 87.539 (260.371) (350) {4,482} (106,622) (54,265) {In032) (350) (4.482) 41611 13.055 149.233 67,320 Designated funds Moving on Relate lftdependent Visitor Independent Visitor Expenses Independent Visitor Teesside Getting Help Mentoring 69,453 43.222 55.143 51,412 190,232 14,984 42.731 (52,514} (47.955} (55,066) (48,745) (203,006) (15.631) (41,449) (1.040.017) 1&939 (4,733) 77 1667 (12,774) {647) 1,282 71,086 IAPT 2022 Funds in a non charltable subsidiary Tudor Trust Unrestricced North Tees Mental Health Support Team IV Spot Purchase DFE Mentoring and Befriending Fathers, Strategy South Tyneside ACES Darlington Family Group Conferencing 152,294 1.190 86,763 20,000 48,000 12,223 (140,610) (82.594} (350) (32,071) {5.006) 4,169 19,650 15,929 7,217 Total unrestricted and designated funds 2.246,842 (2,191.104) 55.738 Restricted fund5 Abbey Project North East Community Fund- RC North Easc and Cumbria Re¥Ton Tudor Trust Mental Health Support Team ESF Employment Support- Kickstart Pre Employment and Employment Victoria WHrd Ballinger Charitable Trust CCG Neuro Comic Relief 122.669) (81.995) (21669) 45.351 127.346 (82.492) (109,498) (13,230) (126,959) {6.577) (24.891) (31,644) (21,643) (74.512) {10.29T) {19,003) 1508 29.723 (13.230) (16,688) <6,577) (991} 23.356 <3,507) (9.512) (10.297) 14.197 139.221 110.271 15.000 55.¢XIO 18.136 HBC PPT Narion31 Lotlery Cornmunity Fund - Know Your Neighbourhood 33.200 Ttxal restricted funds 648.174 625.410 22.764 TOTAL FUNDS 2.895.016 (2.816.514) 7&502 Page 38
Changing Futures North East Notes to the Financial Statements - continued for the Year Ended 31 March 2024 20. MOVEMENT IN FUNDS- continued DESIGNATED FUNDS Dfe Mentoring and Befriending A Local Authortty contrdtt to provide a Mentoring Seryice to Children and Young People. Money secured to deliver the projecc has been designated to spend for that purpose. A transfer wa5 made to core with an amount designated for expenditure on this projett in the next financial year. Independent Visitor and Independent visitor expenses and spot purchases Local Authority contract to provide volunteer Independent Visitors to Children and Young People in Care. Any surplus can be transferred to core. Getting help (was IAPT) and IAPT 2022 (Improving Access to Psychological Therapies) Income to expand availability of psychological thernpies for children and parents by way of initially funding 5 students and then subsequendy funded via a grant from CCG to be able to continue offering the service. Money brought forward has been spent in the current year as planned. Fostering The Charity has invested in a trading subsidiary which runs a fostering agency. The Board have identified that given local need, and potential for future revenue generation, the Charity's objects and financial performance will best be enabled through investment in the development and delivery of a fostering service. This is therefore funded through unrestricted reserve& shown as a transfer in or a transfer ouc if there is a surplus in the year. Fathers. Strategy South Tyneside Funding through local authority designated to assist their father. strategy and improvement engagemenL ACES Darlington Funding received from local authority to improve emotional wellbeing of children. Family Group Conferencing Funding received through local authority designated to deliver Family Group Conferences. PURPOSES OF RESTRICTED FUNDS Abbey Project The Abbey Street Project represents funds raised to refurbish a building to be used by the Charity to provide facilities for the advancement of education and leisure time opportunities for children and young people. The main fund provider to the project was the community fund who kindly provided funding of £540.609 in circa 2001. National Lottery Community Fund - RC North East and Cumbria Region Funding received from the National Lottery Community Fund to deliver Being A Parent Course in the Hartlepool Community. Paze 39
Changing Futures North East Notes to the Financial Statements - continued for the Year Ended 31 March 2024 20. MOVEMENT IN FUNDS - continued Tudor Trust A grant from The Tudor Trust to contribute to the CEO salary. This grant was recurrent for 3 years. Mentsl Health Support Team Three members ol staff have been seconded Into this team to focus on supporting the parental relatronship within this wider partnership. Ballinger Charitable Trust Income received towards the core costs of the Charity. Comic Relief This funding is the Relationship Matter to Schools project working to improve parental and schoollparent relaoonship& Victoria Ward Community based project to help improve the lives of People living in the victoria Ward of Hartlepool. National Lottery Community Fund - Know Your Neighbourhood Funding received through National Lottery Communiry Fund ¢0 support the Reaching Community project to assist parents in accessing 'Being A Parent, courses. 21. RELATED PARTY DISCLOSURES There were no related parry transattions for the year ended 31 March 2024. Page 40
Changing Futures North East Detatled Statement of Flnancial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and lega¢ies Donatlons 5,261 4.209 Other tradlng actlvltle$ Fundrnising events 5.115 Investment income Deposit account interest 10,031 62 Charitable a¢tlvltles Grants 1.632,744 1.237,594 Total incoming resources 1.64&036 1.246.980 EXPENDITURE Charltable actlvltles Wages Social securicy Pensions Hire of plant and machinery Telephone Postage and stationery Sundries Project and marketing activity es Trair¢ing Professional fee5 Website costs Travelling Consultaney fees Subscriptions Premises expenses Foster parent fees 629,971 54.891 14,466 503.921 127,146 11.681 3.756 262 20.199 56.642 10.993 16.626 2.562 41.049 17.587 9.311 3,481 2,141 7,130 158.790 21,034 68,719 18.917 3,041 197,834 423.148 1.302,974 1.123,835 Thi5 page does not ft>rni part of the statutt)ry financial statements Page 41
Changing Futures North East Detsiled Statement of Flnan¢ial Activltles for the Year Ended 31 Marth 2024 31.3.24 31.3.23 Support Corts Management Wage5 Social security Penslons Hire of plant and machinery Prerni5e5 expenses Insurance Light and heat Telephone Postage and stationery Sundries Tt2velling Professional fees Consultancy fees Sub5triptions Trdining 72,575 6.151 2,154 1.815 10,385 16.500 19,585 4.115 4.732 102 3,590 5.356 1,057 9.930 883 68,907 686 2&276 11,307 15.813 2.858 2.661 31.712 762 10.527 1.320 58 158,930 171887 Finance Bank charges Amor¢isation of intangible fixed assets Depreciation of tangible fixed a55ets Bank interest 570 12.993 753 570 13.193 15.025 13,763 Governance costs Auditors, remuneration Auditors, remunerntion for non audit work 11.700 5.11)O 8,000 4.300 16,800 12.300 Total re50urces expended 1.493.729 1.322.785 Net Incomel{expendlture) 154.307 This page does not form parr of the statutory financÉal statements Page 42