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
Ga￿head
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 s￿S1￿1ary 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￿•ur￿nZ the marketing and call handling f￿CtIon 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 stren￿n 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 trus*es %*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 le￿n and ow large v¢lunteer base for ther continued hard work commitment arKI
supporL The Charity has enabled such a lot of positive cha￿e In this kst year or 50. and it Is your relentless focus on
doing your best for children and families that Iles be￿Thd 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 bet￿r
deal with challenges preseTh￿d 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 Fo￿rIn￿ our
subsidiary company) and through long term 5upporL
Page 4

Changing Futures North E￿t
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. de￿rMination. 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 f0s￿r 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. sYs￿MiC 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 Sys￿mS 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 Consis￿ndY 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 genera￿d 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 F￿ureS 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 $tatements for each financlal year YA)ich glve a true and fair
view of the state of affairs of the charitable company and of the incomlng resources and applicatlon of resources
induding the income and expendi￿r￿ of the charitable company for that period. In preparlng those financial
statements. the trustees are required
select suitable accounting policies and then appty them consistently,.
observe the methods and prlnciples in the Cl4rity SOR
make judgements and estimates that are reasonable and prudenr
prepare the financlal Statements on the going contyn ba$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 rea￿nable 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 Si￿ed 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 Sec￿On$ 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 stI￿rnent 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 de￿rrnIne 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. Mat￿r$ 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 aPpoin￿d 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 ma￿rIal mistatement
due to fraud is higher than the risk of not de￿ctIng one resulting from error, a5 fraud may involve delibernte
concealment by. for example, forgery or international Mis￿presentatiOns, 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 d￿SsIn¥,.
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
F0s￿rIng 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 pO￿tIon
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 no￿5 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 r*dtiTrg 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
C￿h 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 Sta￿ment 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 consis￿nt 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.
ReStri￿d 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 - Con￿n￿ed
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(credɢing):
31.3.24
31.3.23
Audltors. remuneration
Other non-audic services
Depreciation - owned assets
Hire of plant and machinery
CoMpu￿r 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 P￿s1on 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 em01￿￿ents 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
f￿d$
Totsl
fuwM15
EXPENDrruRE ON
Charitable actlvlties
Systems Change Work
Couple and family rela￿OnShIpS
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 bro￿ht 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 F￿￿re5 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 V￿r&
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 r￿e 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 desI￿ated 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 Fu￿r¢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
Tr￿nIng
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}
D￿l£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- Kid￿tart
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 reStriC￿d 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)
(9￿91}
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