REGISTERED COMPANY NUMBEK. 04009541 (England and Wales) REGISTERED CHARITY NVMBER: 1089347 Report the Trust•es and Finandal Statsmenti for the Y•ar Ended 31 March 2025 Chan8ln8 Futures North E Inspire Complianc• knmited Chartered Accountants Rysterod Audiwrs 6 Queens Court Thlrd Avenue Team Valley G?h*&d Tyne and Wear NEI I OBU
cha1 Fueurn Narth E•rt clt•n of thp Fin•ncW Stat•m•nts for th• Yew Etsd•d JI Mw¢l• 21)25 Paz• Rtference nd Admhtratk•t D¢talts k•port •)f th• Trurt• 16 ts) 18 Ststem•nt otFinanclMI A<¢lvlthi 19 Ststem•nt of FlJwic1 Po 20w 23 Stat•mnt of Cth Flowi 24 NDt•s to the $tstem•nt of Cxh Flo 25 26 to 39 D•tsM•d StAt•m•nt of Flnhd•l Artlb411•1 40 to 41
ch818 Fthr•• N•rth E forth• Eftd•d 31 Mvch 2025 TRUSTEES D R Bkncklth A NJKkstrn (r¢sl8ned 30.1024) Dmjthy Ms G M Lnb. Ch•lr A St¢el (red 18.12241 Ms M MtBth (appolnted 13.4.25) Msj Mkne (¥polnted 13.4.2S} R (wolnd 6AJS) A D•vtne (appoint 6A2S ts VJ Orr {wolThr•d 6A251 COMPANY SECftEfARY REGisfERED OFFICE 3 Abbey Street T524 OJR AEGISTERED COMPANY NUMBER 01009S41 (Ennd #nd ReGISTERED clATry NUMBEA 1rn9347 INDEPENDENT AUDITORS In5ptr¢ c¢¢ Linlted Rry'stered Audkorj 6 Queens Coun Thrd A¥onu¢ Téam Vamty Gtteshe•d Tyn• knd Wear NEI I OBU c0PvI Bank pk 6 ijyryit Court MS 2QP
Chanwng Futur•s North Eart Chmaft'• R•port filr th• Y••r Ehd•d 31 March 2QlS CFNE has been rt)oted In EA HÈIP and Famlty krvlc•% thls ha% b•n 8 kBy str•nth of th• oryantwkln. wkh speE4alhm$ In r•du¢lr4 parnntsl sThgthenlni famly rthdonshly and parentin8 vrfth a tra4n1orffl•rf The Board thtends to conAe w•rk6ry Ind expandin¥ In thi5 aru: however, k acknty th¢ uncertaknty of hJndtn£ In th15 vthi¢h oftqn xcurs near ddne mthng l¢n84erm p1amJ ilifficulL 04Trr the lut ¢WC4 yearn. thbre has beèn 4 r•bthI Inv•$¢ In th• i¢Kts55 of fosEerin¥ {throuth th• subjldlary. Ctr4nwn8 Fuwrts Foswrlng), wlth the vtslon olconttrwhry to iupport thldr•n •Mf young peopk kn or•. The Bord Is keon to pf¢rf¢k Mfe. through a r¢¥ld¢nthl hom&, hawever the Èfftuly of ob¢thlng a 114blt prwrty prwed to be a biller thalkrye than Lwcted. Athltlor4tly, movkng Into rwldenthl rt4ulr $Wftcant Inv•rtm¢ s•curlng financ• lor th¢ proS•ct was compkn and reyulred rwknr fill¢1 Mdqlli kh the Bovd scruwnlied. How•Y•r wa irn pleased to rport been purchued, trIrn¢t i•cure4 and w• ar• now In8 fly a Re5ponslble Indidu fftl) to r¢glster¢d wkh Ofst•d u the Iwlty responilble perw •nd support in¢J oversight to a n•w ReOJt¢r•d 14wger. Soffte core 8oal$ Ind ¢h4Menw lor CFNE In 2025: l. Ensur mnbers 01 the Bo¥d repre¥•nted the •xpertts• and •xpwienu netemary to provld• thtt rnqulred l M•rywii Chwilrtr4 Futw¥ and CFNE w be owle •rpntsidon. 3. Grgwlng F05t•rln8 In a Thry romp•rltt¥• mth(•L 4. Mairtthlry Ind FL%vAng curront WO and ieturfn8 ffinartcu t• fufm A wFe ofother d•hvory buiknem obi•¢thkns w•re for 24r15 y£ffic. Ind l am report th• tEims hfd work thas wulted In athle¥4mÈnr kn Ill prlortty Thes• arn ort1• more lully In th¢ Reppr¢ An applK•tl•n ts belng lud8ed with Ohted to rest¢r CFNE a frJs¢win¥ proyidor, Thii wll coniinue w h¥t the Depu¢y CEO as Rosponsfblè IndId and the s•m• R•gI$¢er Mawr. wlth the Rl rèpo8 dWecdy to a fostvlng •mmltte& Tho M¢r8•r wltl requlr¢ rn8lttra¢lon wlth OFSTED. and parents wkhln CFF ts•ed to ¢r¥fer to the Chlrlty #nd b• r•approved It was enywed thar thts would b• conpl8E¢d kn 25n6. for wkh all Inthed. The srruuure should rt311se alngs, m•klns sure thai u muth money poJslbl4 15 Invtsred knto chlldren and yosxrf p•op The bowd has been par¢kulvty lo¢us•d on thls yoar ind develgplni thB rhr XI[re ro zfv• appr•prfj#te cl4llen82 and iupport to the rtnlor lttdersh4> t•wn. The ¢omml¢f that have been put Irj pkn • Audk Rhk JThd RèslInCe {In¢ gov•nwnce) • arnd CuF¢vr• • ft•sld•nthl F•S¢•rt (Wh the mvier bean wh¢¢d) Ih• Bo)rd and Senw Luder5hip Team have atsr> been focus•d Iln assuranu (QAI P¢t5$¥I. Borh Fosterln8 and Rder¢ll1 care WIN be r¢4ulared ènd thip¢¢fed by Ohted The QA poliy r¢por¢s be reguknrty frIed to th• comm1re fuif board pkn4 be P kn ptsc• to Insure Joarnknx h applle4 and prolrws nrt¥dons 14 b icruufitsqd. We w48¢¢ th• wmini yw b•ing lo¢u¥¢d on cl¢tin% the m•rytr. z•tikng re51dantMI up •nd runnln& rNintsb r wld¢r ierybce offer. gnd pknnlng for wanslon hdp seryk05 15 we bicom• in¢rwln uyble of funthng th*n thro Burplul IrKom&
ClJangln8 Fuwr•s North Eart fop th• Y•r ended 31 N•rth 2025 Durlng th• year, ther• wtr# Board rnslznakn. and I would le w tPAnk both Andrew and Tony for thelr srYke as Trurtees for CFNE The B03r(F wthorned • l¥£e of new Wsfees brouth¢#Tlde r•nge of peritnte, <her broad•nMw both th• kngledp ar dth• Bo•rd to rr*rt th¢ nvw tha1 I would hke to thank al knard mÈrnber4 the Ittff t•am and ow ¥dLYKe•r4 for thelr thhe d¢dl¢atlon. I look ftrrward ¢ty 25ll6 the next itep In adthlnl our Tltslon. Gllhn Lamb
R•port ofth•
farthe YearEnd•d 31 Mar
Thè h we delr¥er ¢0 athle )ur¥lslon Ind mlsslow wil bt 41•ll¥er•d Ih 4¢<grdan¢ key btll•ts..
v¢ry•n¢ pot•ntlal kn •ur rfjle ts t(¥ hdp p¢oplt unltsck thts Ind ithleve the rr4tter to th•m
Parents hve th&r ehll&¢n- and thi5 love needs to bé acknovd¢d¥ed, k¢4 wldK and respe¢r¢d
P•rehtsl r•Itlonthl mattr - w rnuit b¢ curlws abo th¢m wppvrt them wlw• n•ed•d.
the crfdtsl Imw¢ hfftrarentsl r•knoTrxhlps Iw• •n chldre
Wthr r•Io•bIps nMttor- people sund the belt
Chwlni Ert hr the Y•ar End•d 31 M•rth 2025 ValuM •thd behavlou To deliver effettfv¢ help, we b•knv• in acc¢rdvK• Twlth ktyTrfalues'. knbitiou¥- Wele ambilki fty •mbldow that holp w to h•lp th•m. Inte8rlty & PAd¢- W• provlth cel¢brnts the typ¢ olhel> we belSè¥e In. knovatlon and C¢MPottn - We s•ek ¢0 •nter and mwnrain a locus rn ¥ace% wh•r• we know w n dts thlny w, and wll meuur• aplnrt ¢)ur ambldoni We recotse qrE •( our beK wthn we t0Nab0ra Insid¢ owlde tho orga•lsatiM. and WNI do $0. E•npow•rlns . We know that oryowerh¥ •thers bulkn sustah)able chanle: we enable #nd #ur sraff volunt••rs knxliei vrtth tho tots wpptsrt and ¢onhé•tKe thy need to •n•ble giv¢5 bert 5th - Famty rn¢mb•rs dexem to be Af• kn th•fr rqkdonslmps, kn the communlty Ind the re and w• wll work hard to help thèm be saf& RAlk)n - Hurnns nt4d hLman connections: nurniriryg coM¢Ets•ns and tmpowerlng ltydlyiduals aThJ cornmunlues. f4uixlNg Dn rrusL collth•rtltsn and respucl helps thlldrt f•mHy memb•r3 workers b• M¢n i¢JPPvmd and grow. We TNIII •ndBmrfo wort( r•knrtoN. Our hlrtwy •nd ¢urr•rt focus Thi modern 'ChanOng turnS. relatSonihlp focwed yno. th 4 SP11 Igws )n worklw Trwlth wplt who ¢wTlenced tyauma, thac workn Krois North h51 Engknd W mor• inter•sc•d In wht'$ Iyp8ned to p•opJ• Yohg $th peo•. W• try to avofd labeUl•g attd lantu4• (and ¢nrourage sorne pwts of wider systems to r•lrame thy lee •nd thlnk ab¢ th• p•opl• th•y wjthl. Th¢ rdadwil focui th¢ undtrpini Our work d•t¢s tAck tt the f•yndtbW of the orPiOn, when Its sole fouts 2S 3n •ststJ¥¢d youth prvvider on th¢ HeTr of Hariw. Around 1997, A youp of H•Adl•Jd rtsideTrts d•velopn•nr w¢)rkars bandod toDth•r to consuk younq p•ople thelr needs, Ind how they mltht bÉt¢¢r b• m•¢ throu¥h youth Pro51n In th• v•a. The ¢ufmNMtk+n of th15 work the knlopmeM of tht Abbly Street Youth led by a young pet50n's $ering 8roup and iupported by th¢ Wder communlcy. A¢ th1$ poinL the Ory•nl&)n forn$ H•dJand Futur• Ltrfild. Th• emph¥ts d H•adand Furure's youth work VAS XKial •nd Irrfornl eduEatlen. Th• nurturing of r•1adonshI, brfrrflng pwl• of shtrod p•ssl•ns In '<ommwllles Int•r¢st' and 4hS15 on enibliro young p•ople ro enjoyand a¢hfe¥e were morn ¢1 i fo1 than lssue4as•d work The Charlty 5titl Pur•8 Its mlMk•n to lTryrova the of dthdren ahd YnI O¥tr th¢ wvrk ofth• prls1t[On has shlfted. based on kamh¥ tht for maryy yQUTrK wpl4 dr•tt work vrith thern ¢an only $0 muth Ar t5mtt. but r[ Ilwaysi rh¥ny cin bt best enbkd the fTrlty fonrext thldren live In Is wan nurturkn& and free of pooty rnan1 confficl Hffjlihy parental r•laDoA5hlps hay• i partkular on thilthYn'¥ and wtMb•ln& Parenrlng thibJrEn whp'ye e¥periznced frauma l¥ pnkulaty tha[lerW be ir f¢r blrth parent4 losr•r tar•n or stsff tsking caré of (ldrE h resid•nt41 settine5. We • pirricular pI#l on •n2blfft¥ parents, uren wyl worknrs nderstsnd the lry£t of trauma 2nd to parent c work ITr 4 ttluma Ink+rmed v17y. Ensuring that parenty Kl tworken are wdl supportad. and thdr cor• tr•nded r4 ts crlll(a w en18 them to m•et thldr•n We are <on5ckvs that too miny thldren ar• Ir¥1 oft•n miny mlk5 avr4y from tholr loved on•¥ b•t*vse of 5horw In IDUI knrer home£ and r•sldemthl W• ve also #Adthéd that too nmny young people kn• <%r• with f•w or ng lovlni or tn15tln8 re11tioh with adults. A Substsn¥ fDtuy for our Orrdnii Jx to hel) dres5 thes¢ 155ues rhr drnei provlsion of (for Ini¢anc• thrOh chnI Futures Fosthrln& our subsid1 Company) aTrd throub long term ivppprL
Clwi8kn8 FutsJr•i North E••¢
lorth• Y•ar End•d 3 l Mv¢h 1025
Th¢ peopl• w• work wlth
The Charlty the wtviloge to work Vith thatrefy peo aNI orpnba¢k4n$ In the North East of
partkularty in the Tees VaM4Y. Hanlepool and DrtmgEm
The parents and Or¥an1tt0ns WÈ work ar• passIte Mee4 the needs of thfjidr•n, aDd tthv• of
superb sset5 at thelr dtsposaj. The dA&on w work ore abwr théir paren4 twr slblknp and thek ptrs Thl
•Trloy Ih Ind surceed TIMI Indduall we work care the peopl In thelr IIve5 wn¢ ro be
1¢ is an wrforturAte truth thx many of those that ask for our help hav• thrh fwm5 of hard5hlp (for Ins¢anc
pov•rty, thE fftumi of los] & loved •n£ tsu& confllrt lth and sometimes leTrt r•IadCwh. abu, neO•ct)
and that drfficili1è5 In thÈlr Ilyes have left them wlth chthgej ts they are strU1S to ovtrcome et$sr.
How•vtr. they hh¥e shown much resHIEnc4 al loyalty to others th their our job. askn4 15
to hdp people to drnw on thes assets ¥nd on th&r stren4 [dentWry thetr own aThJ otslyslnx
thdr
Changlng Fuwres N•rth Eart ftep•rt of th• Tlust forthe Y¢v Ethd•d 31 Mp¢h 2025 MATEGIC REPORT Ch•rltable ctlvkh Oblecdkns. Dlrert Ddivery and gystem ¢hange obJettlv•i Our koy•biRcrlvei for the yw Includ&. Ebmble d4ry¥ In systems iupponln¥ ¢hlldrqn ind through hfiMncln8. <4Jniultln¥ aThl ParurINg th other p•opfe and yenc Inraln •nd where poisaAe yow our rnethdon offer Ind rethJd Paren confit¢t C5¥1[1¢Y Exwd s9rv1 that help peoF4e bul& iry•ngth or r•ptr ¢¢hnectlons so th•y lfve h•pphr. h•11thr Ilv•s . thèt benefi¢ Chlldreh as a resylL Retaln Sp¢¢I1$t ¢•¥ph reon5h]P work as 4 ¢or• part Of th• ory•nlsatJons pgrtlolo EMsur• deliveryof * thtrwu¢l¢ fosterlrg offer thr trAs p•er support at rts cort Sustalr4bty txpand our merrtorlry Ind befrfendlng df¢r, and work w evaluate the new apyo CO IUPFtyt Its tskp kn other ar Malnthln •m•¢lonal wdlbeln8 affer th¢ Krea5•5 hr thmdrnn thd &mL¥¢s tp psy(W¢I se¢¢5 The Chr6ty helped an estfimated 2576 peoplE th 24faS cornpartd w 2269 In 23ll4 and 2251 people ln 22123. Thii Indudes an exim¢od 753 chlldreh who benefrttd from our tr41nlnz wtsrk and In•dlOn Twork18ssumiry 1.7ihll&•n adulE WO wlth). Extludkng sUMptiOn. we dlrertly worked 1823 In 2024r15. Dlrtt benelktarle$ brtak ¢lown as EnWthjn W•Abelr Igenerat) 744 Famly work Itnc some Aduk fo5 emodonal wdfbe* work) Red1 Ptrern CtyffliG¢ Youth & Cory4nurMty 495 102 The gthle bdow shows numben 01 p•oph v•tho ben•ffTed from our hdp, AUptI¢l5 for Indlr•¢¢ b¢neknark¥, the llst fv¢ y•ar6. Prnrtltlon• 55 223 24QS 23r24 prnrtitioners) 1768 (w¢lmat•d) 7S3 761 591 627 367 Totsl 2576 2269 2251 1785 1463 lis8 674 21122 Th• Chartty ts pkned to be helpin8 Ire#s1n1 numb•rs of <hihJren t8th year. how•v¢r Is mlndful tha£ li Is fo¢ykd PripaIr on ansurlng social knpacL IL ry redue¢ the helps kn firtwe y•ars. tts proylda more tV8eted to vrtalb 8r•ups of pe¢
Ch8¥ F4kn1 North Eart •port of ¢h• T¥t$ f•rth• End•d J l Mar¢h 202$ En•bl• chnzei In ap¢•mi 8upportln¥ ¢hildr•h frnlll infl4wiclhl trlnlTh& conwldnl •nd prtn¢rln¥ wlth other pe•pl• 4nd 4•nd Pnts Pull1#¥ Tox•th¢r 15 a thr¢¢ year par•nt urw•w531 peer luppon )d p•rentknx ieNk¢ ift HartlepooL 4lel¥ertd in partnershtp wkh Hartleptyvl Borwth ts knd•d throltgh the Natbnal Lottery Cvmmuth$ Fund. k been bds(6r¢d with •XEra support from thè lotty Your Nehbourho0&' grnnt ith•n. •Mbkn¥ * sharp¢r focus )ft enga8int parents who woubj n¢¢ othernA%e acce¥s•J help. Thii has now Conch with over 404 par•nts ben•nt¢h% and th• rnirfty repordry posldve chw•f. Ar the heart of Parents Pulby YOthor Is the phlosophy that FArnnts ar¢ bert to help •dr p•renu, Consw•ty. al ol tht groUP% are tkllvered ¢lthqr throuth. Par•n¢ ConnKt•r%. pald lor by th• NadOn Lott•ry CoNWMnlrl F4 Tth 4cces•d the 'betng • p•r•ne 8rwork prwaFrnne th¢mMfv¢¥, learned loads from IL and d•lr¥w¢d k •ub5tsnttalty u volunwn. They took Id ppsklons $0 they eould dedkate morn th)e to the pro8rammo. W¢ employ thr•• pwple I thhrd rerK Gr47LP L•ttkrs . parerrts v4Jntttr tholr Th to d•hver prowdTr¥més. 0r th• pxrt yw weh tr4lned ntw Par•N Group Leithrs. r•nt Conn¢cwr sraff and a number of p4r¢nt volun¢••rn h•¥ run IrrWO prtsgrtmmtt a¢r051 sthotyk Afi Inldlf evaluèdon Show rno¥t prtyert tsTr¥ers wer ext•ed¢d. Lumlng I&t. A pxr led modal hu benellts from ¢h¢ pattr who ddlvv h•lpp and 9150 In lup1% actw by ptrenu ¢an be more wllfpn¥ ro Iisttn to people look and sound likÈ th¢m, and who F4ve be¢n thrwgh Jlmlltr ¢h¥¢I. INing lft th• or4mhr ¢¢mmuni17 That slgNDosdn% ¢0 ex¢r• resources Wd b• hdpfid for some pr•nts, and be bulk Into fuutr• prolttt desl ThA¢ more s•7rnle55ty dtherlng in exua modult ¢n par•n¢al ¢onfil¢c &bng51de th¥ rroln a p•rent" provM•s Uld hav• upported grtstar ¢ak• up A mor• wmpr•henth¢ ertluatlon Involv1 h d•pth knten•fjev4s vAth parents Is undew and we pkn t• publbh findlnxs on our wth. Intsln •nd wh•M polble gr•w our rn•dltloft •if•r nd r•dudn8 prentsi ct)nlJlrt 1tArY •md tr•Jlnlng • R•tsln spe¢lallrt Mupl• relltlonshlp Y•rk u A ¢•rn p•rt of th• onItIon• 1011• TS Vally M•dlaVoll ix rht nam for pur MB&4il¢n MpAt¢ and prtsTrtd•d m•tha¥kn kn T Vlfity and &t Llurham. M¢dkthn Mbles to resofve a d15PUt¢ wuaify artyjnd ¢h4dren but akn cpnMEtion with thelr finance •rrnnièm¢nts a s•patttion or dfvor¢e. W¢ providt both prpfi k8allx ded modlad¢n. We aro ilio gbk w provi& luh th• Fa[ty Vo¥J¢hor S¢hqrn• whkh •ffer f10e$ Is tow¥ds m•dladon and h# EKt¢nd•d March 2& Our Lepl Ald contract has been renewed ¢Ver th¢ h•$ nv¢ benefiled from a finthclal vplrfL F¢Ès hiN rwNin¢d for many yekrs. R•wt prtsiws h•Ye éroded into iny profrt mzdo and we •r• ieeinx number d mediatsn fimw t• ¢ont4DL iatesi fi8w•s shows that firmi holdlng a W ¥d ¢ontratt have duced trom 178 kn 2018-19 w lust 86 in 202425.
Chanth Putffti Nwth E¢ ftsr th• Yw Ended 31 M•Yth 2025 This redu¢don In flrms offerlng ffi¢dwfon sh•Jd probfdÈ in opponuntty to IrKrea¥g the numhr ol f4rnAles w <an ll• htrw¢ver m¢diar¢r cap¢lty and re¢ryltm¢nt rtM•i115 1 <hn£t f¢r the ieThke. Tht n&fmber of w4rking 4vltlwn meaiatlon Wtracts de¢kned from 450Jn 2017-18 to 241 in 2024-25. Dthnand lor medlatlon from channI Futur•s In 2024ll025 r¢thar bro[Y In Ine dThd the y•ar before, wlth 359 r•fErral% r•ceW Intg m¢dhtior& From these r•ferrdk we wtspported 283 peopk tith an iniitsl Weco of work 79 couples then went Oti to •nga8¢ rn medladon %thlth a lFght d•crw¢ Dn th• yw b•for& 36 ¢•uplw w•r able to rh an agreernML Addrd0ft to mediètron. Chanlng Futures ronthu¢d t¢ deuwer tralninx to pr•etl¢ioners ID wwkFng TP41th rtal c•nfflrt Ind iupporr•d tho d•llvery of • $¢Tles of Par•nthg Vtheft Sep¥at•d ¢OUrses for pv•nts In T••$ Valtey. Eyp•nd Mr¥l¢•s that help p•tspl• bull¢ strénffth or rpalr cofin•etl•ns io that th•y ¢an NY• h•pth. h••kN•p I1- that b•n•fft thlldmn a r•$ CP4nxinK Fure$ deIrr1d • Fammy Gr¥ Conkr•ndng pilok wlth 242 ptopl• •nw¢d In th• conl¢r•nces In som• 4y. FGC ts i way of Kafvarnlilni the rn ftetsvork w ensur thll&en are safe •nd ¢f¥bfjnue t¢ be <•red fpr pt hot)R. wlth thtlr parents or by othir famlly m¢mb•r Cam ityay deiign work vklth paren¢$15 on1Th1 w und¢ntand how the ierde• bpt¢er rn•i tam EMur• dellv•ry of a th•rap•udc fost•ilhg off•r that has p••r •upport at le• ¢or• Fundlng 0¥ to Changin8 Futhr¢s FoJt¢rln¥ Uffiit•d kn PreU$ yean to delver a fost+rf 5wvlc¢ to ben•fft flAidr¢fi In North Eart Eftgknd. Th• a¢Nev¢d ¥'zood' ratlhg from ofst•d at Its flrlt lnspertion. There are i Sm1 numbEr of cNk4ren phctd wlth a fftumber off•icer famlljei. The launched durkng tho panknic and w1 ¢hafi¢n8ed by the Impa¢¢ d co oft fNter par¢D¢ but has 1vbl•quen thrt¥•d has a ¥0od numbèr ol thddren In pkctmen¢ rnany ¢lw•thom twm matth. The therwwic model has been wem r•EthEd by loster parents. Feedb from hKer par•nts abwt ¢h• quthty or traJhtr¥ ind wppon they r•cthe 15 oxcelJ¢Th¢ ènd thlthen and youni p•opk gre thaklnk lo11 •vlthh¢d The wn¢y has paEs•d br•akqvM polrrt Ènd Is ntsw generar% • surptu& Surplu5 ts r•tyJrned to the pat Chartty nualty. io be Inv•std Into iuppor¢tni W Ehlldr•n ndlamNh Sustah •xpnd our ment¢)rfng And bth•rtdlnz offer. and to t¥ultI th• n•w mentorkn¥ •ppro<h to lupport Its tthp In oth¢r ar•a# In•nd•n¢ WHiorJ guld¢t idYis•, hten to aThl b•frievd peopl¢ in fdre. their e¥erf•n¢ei a •% tim new attl¥ftl•s and spending quality thit tog•ther. The Charity now affers IndÈp•ndent VlsKer& to youhx people ' Hard•p)•l &•d¢ton, Middteibrouth Dathgton •hd Redur. Pwlo
R•port ofth• Tnmt
for ¢h• Y••r End•d JI M•r<h 21125
There be•n growth ID th• numb•r 01 ytyJn8 p•41è supportyd At the end d 225 th•re w¢r• 76 thln
befrl¢n&r In Valy.
We ftperate wnder an NIeFbsed theory of tha¢ thi¢ healthy independent rtlainshlps
oked aft•r thlldrw) can mi hm lryro¥e stsbllty and help thN&en xhl•ve poi61Prt Therelor•. WÈ
45ure success for sErvtce based on th¢ qUty af th• relatfonshjp. Once agatty ovw 90% tM¢tr•n who
ac¢e5sed the seThte rwt•d thir thry pfjned i trwted frftn&adtht aArf tsJ¢ a few dblldren rat•d tht qu41ky orth¢
rehrlc+n5hlp as 9110 or iorio (i(UlO belng •x
Ch113 Fut¥reg North E¢
Reptsrt of the Tpu•t••i
for the Yur Ended 31 Mar¢h 2025
Gmnx advice o lchool and follw s¢aff. 8nd Itatslng wkh [eal specthc s•r¥l£4 to h•
thirdren and y•wg people to get the r¥h¢5uppart an¢J stay in do weH kn •thtatfjoft
The Llnk has prther•d frye other 0rpn151tns In south Teu IMhJdlebrouth. R•drar) chan&
Fuwrs tp ddiver M¢ntAI Heath Supporr Ttam5 thor
Alltance Ills partnered Twtth Chan8 FurtS In North Tees {HarW, Srothon) to eXpd Mentsl Support
Teams the
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ch$•nE Futures North Ert for th• Y•v End•d 31 2025 srA4TEGIC REPORT Flrlncl review ftts•rV pdky The Board detern)Ined In b 201S.2021 strttw that free reseryts of shtsuld be targ& and that fr r2xrYtJ should 8rtsw on VErJge by 4% ol wrnover p•r JM over thÈ If¢tlme of the 5Uateu. Th15 fzrpr w athle¥¢d. The rwr¥•s poh¢y stood for future years untsl 202 The board have arnded the reser¥es poky In 2025. to rewlre £314.649 b r•uined In gvln¥lonwd. At 31103n4 (402.149 held kn free reserv•5 and by 3113n5 thts had Incrnased to £619,552. ThE Board made thE Il•clsloTh w invest In r•sldEntiA ¢onsequenty expect re5¢rves ro declw ffth•r grtsw In 25r26 26fL7. Rw•rveg polky radoMI• ThE Tntstees COnder that thè Pérform ¢1 th• CthIn oY•r th¢ perlod b d5&aory. HDw•w. tft th¢ir rbk reW th• truste¢s <orrnut•d on curtEh¢ and fu¢uro K•ngmlc cor[10n5 pc4ldol <M4der•thns treating Dr ddOhK to uncerutffjf in thv fldIng ¢nYironmenL fflition #nd tu inprt on reduc1 the effettlw• value •fr¢ser, Ind pre$5ur•5 on budx•ts Relianet on generalty to dr4w In rEwenue Shorw ol people comlng forward w fosrer knd to voluht•er. whlth effe¢¢ th• ChirKl¢8 abl to jupport thAdreTh and Ilmk ptstmdal rvenu• Sr( COned urt•r¢aty abw¢gOv•rnmts ¥pMdinz ykrftles kn rdatlon to ¢h11 drth's s¢rvi¢w an¢J SOCI eare Pr¢ssure on Ipal¥o¥ernmenc •nd ¢enwal govemm¢Dtffinance¥. vknlth Is k to condnu¢ forsom¢ yevs Hl8h <•mp•thbn for c¢Jntra¢u and srdnt The ¢osts ol gectkng to a polnt wher• chldren ara pbtÈd In our first rtsid•nthl In¢luthnK (Jpitil work5 gnd cash burn (o rlstratk The B¢Atd tder•d how b85t the oron1OnI iims and o¥•¢Uw tan #dv4ed kn the ¢•htw of Irr•rt and prtthcted ¢nr¢nIneTr¢ and thè oryanJstloni itr¢n8th weaknesses. Thelr kn Is that sufflclent reser thould bo held to". saf¢Drd a Ilmked nLhmb•r of ser4ke5 to trtthtrablE bonefid•rles ln the short untll dthtr vepknment fun(Ing ¢2n be secured. ther srvkes ¢n be broutht In ta offer supporL •r needs un be met by rhe Clmrfty ProNidlng workir ¢¥ltsl th •isurt restykted fvndr¢ remilfis r¢wl¢£e4 emure tP#c #de4¢ fimd5 are held to aCcol¢r delxors To cover Il•bIlrt In th• thn¢that the Clmrly h wound up To ¢rAble In de¥d0pment of new Jerte& subl•¢t ro i strohg buslness and Ilkollhood sraln4ble Income andgood outc•Jtw for chlldren belry by ¥qr¥kes Re5er¥es be m1¥ed In a way fhere k ts tesry tt) hold thEm. they Kener•r¢ the ben ppssbk rg¢Urn for th¢ QHrity (kndudint both financial and jac1 rnwrn). In r¢spe<t of ITh devhpmont of new s¢rvJcrs. the Btsrd ar• commlry¢d ro tnvestsn•nt IN r•51dentW cr• because.. Ihe BLth believe thAC thli provlilon wtsAd rn0 •n under-met nmd ITr area w7th intmslng dernnd k bLtJ1ds trgm the organI5aonl tore ComperCl In chiltren and yOLW¥ pIe through a therapeu pventinz offer, and 0fthenE netsr tratsrna It hdps meet the oryanlsatltsns drItab 4)bltets Ir to orn o1th• prlorlry olspenth for Local AuthDrfd¢s- ther• I¥ r•mth 4 Obl[1n rd vu]norable fhlldrw) Investnnt in rIdentIal wilf b¢ mad¢ frm) r¢ser¥w zrant fvndlr4 and loa Py13
ch•n81 Fytums mh &st R•ptsrt •f th• TNrt••J fr•r th• Yav Ehd•d JI Mh 2025 srRATEGIC REPORT Quallty AAnrKt & Comptslnts Chrylng Fvrures North Eut b (ornmkted fo standardlslnE procets•5 to qually In r•75 01 bwYt8 opetstloni. Conkequontpy th¢ Chariw punuq5 strJJr&¥ and htrtI r¢levaNt wallty mvks. No fornial cwnts Wre rec4bd In 2024ns. or In 2023n4. 2 Womal con1&{ were rec•v¢d IN to m•dia¢ion serty wAth w•re d•aft Inforrn by the service srRucfiJRE. GOVERNANCE AND MANAGEMEwr Gov•rnln£ doewh•Tht The ehthty li conErolled by its eminI doEurnen4 • deed of rxvsL and consrkLrte$ 4 Ilhllied wmpwy. Ilmited by guarantee. as by th• C¢mpaniu tht 2006. EVENTS SINCE THE END OF THE YEAR Inforntknn retstln8 to ¢vents nCe the ¢nd of the yw ts 8tvEh In the Th>te¥ eo th• handal sr#t¢ ATEMEKf op TRUSTEES. RE5PONSIBIUTIE5 Th• (who ire allo the djrttton of ChaThlng FuLur•¥ Nwth Ekst lor the pwposv company law) tr rexpoThsl4e lor pr•F4rlngthe Amual Rw•nd the trlnarKlo1 stst•ments in iceardahce wlth appl4ble Unlted KITr Ac£oun¢lni S¢an¢hrds (Unlred K[nId Gww¥ltyAr¢p¢ed Ac<oUDnE prtice). cpanY law reqylru the (rwtee5 ¢0 pw¥¥e fin•111 ststemew for firwKknI yetr whkh 4l¥e 4 ¢rue ts view of th¢ state of alrI of the ¢lRrl4t4• ¢¢mpany and of th• incomw¥ 011r£5 and 4pplcakn ol Mources. the and •f the thIr[ts+ ¢Dmpw hr perkd In PrePart those financl $rm. the Br• requtred to seknt sul¢able atcwnth£ poll•es and th•n •ppty ¢oniis¢¢nty. . abr¥¢the rnethods and prfjncws Its the C11 SORP. rmke Ind 4Stirnares dNt are th50rnble and prudffi prnpare tht flwithl on the concern basls unlegs IL ts Inapprtrprta to presume that the <hvkable ¢ornpany wlll (lin¢ buTr. The truxe¢s are responible fpr keepin8 proper accouhiing records T•knJrh dlsdrlso with reasonable K¢ur3cy at any the finarKial l¢ln of th¢ tharftable <OFrpw •d to enable tg •n5ure that the flnanclal st&t¢m•nts ¢otrply wlth the Companles Art 2006. Th¢y Brn ako ve¥pon¥HA• for ¥afD11 amtts olth• thzrfobl• compa h•n¢e for raktng reasonable 5reps for thÈ prOn md derecdon of Ir44rd oth•T Irr1rIQ$. PRY 14
Chwkn8 FutuM N•rth Ert R•port •f th• Tr4nt••i ft•r the Y•v Ended 31 Mh 202$ rATEMEwf OF TRUSTEES. RESPONSIMILrriES- ¢ontlthu•d In w lar as the tyullees are aware.. there h no relen£ aud 5nforn4tJon oflhich the thiritsble <vnyarfi au&ittsry are nar¢ and the rrus¢es IAve takqn iteps th¢ thy ought to han t•ken to make therN¢fves are of any r4lvant •udlt fornudon and to estabJl$h the wdlws •r• awarn ofthat IBhrmitiD AIIDITQftS The audirors, losplre Compnan¢e Unwted. wjll be proswd ft*r re-lppolnonent it the lorthcomky Ann¥tl General Meetl tee5. Incorpo2ttng 4 Styatesic reporo approv•d by ordv of thq board ol ¢ruswe& a tht cthnpany on ........_..-.... and $Thed the boards boh4fbr. Ms G M Lamb- Chrperson Pay IS
R¢port the IndepÈnd¢n¢ Audltor4 t• the Trugte¢¥ of Chngln8 Futur•i North É•rt Oplmlm We have adId the financhl statemenu of Chan8h)g F¥tsJrs North &st (the '¢harltabh cornpany) lor the ytar endwj 31 Marth 2025 whirh comprlie thè STatsm• •f Prnncw AcrJ¥ldes. the Statsm•nt rf RTrand th• Starmeni of Cth Flo and noces to th¢ ffinarKlat ¥¢4t•m•nr& InEbJdlng * sumThry of siqnfflcant aecauntlng polldei. The Inanclal repgrttng frttmework has been appf%d In thetr yeparauon #PICable Unlt•d KId0M ActMIng Sttndards (ijnknd Klngdpm GenerdtyAccopted knnrmK Praulcel. In ¢)plnloh th• flrwnclal statomÈnts: 8lve * Erut and (air vlew of the state of the tharhable ¢ompn43 affair¥ as xt 31 Pfjarch 2025 af Its MKornkng r•soir(es and ¥pliCa0n of resourt•4 In¢ludlng its incomB and •%dif¥rE, for the y•ar en have bÈen prtsperly prepared In xcordan¢t vAth United KIrrn General A¢¢ewd Ae¢ountirb¥Prulc¢; and ha¥e been preplreé In a(cor&rKe wth thg requtrements of th¢ CompaTaE¥ Acr 1006. B¥¥ii for oplnl¢ We ¢ondu(teé our audit In RrrordAn¢• TpAth Int•rnatlonl Sunthrth on Audirtnz IUKI OShJ ILX)) and appllcable 14W. Our rnsptshsllities under th¢se standtrds irE fUrtr des¢rlbed in th• Authtor5' rytyulbl1Es far ¢he ludk of th• )knndal %tatwnents secdon Df aur report We ¥e dePendent of th• rharSt•ble ¢omp2ny In ac£4xdance wlth the ¢¢hiral requirwnents that Art rele¥2nt to our •udit of the flnancinl stateM¢nts the UK IndudlnK the FRC'S E¢hk Stsnd¥d, and we hive fulfilled our other ethial rnsponslbaities ITh accordance with thosè r•qu5r•rnen¢s. We b•r that th• audit eden¢t we havÈ obtsined Is sulf1¢ and approprlate to provld¢ a bas1¥ for opinion. r•l•tln8 tt4 zolni cone•rn ID the fintn¢1 mrÈmenu. w• have CO>KludEd the rty$f• use of fhg <on¢•rn b15is ol ln the preparntion of the fin•n¢ial &ratemÈnf$ 15 approprts 8•sed on th¢ work w• have performed. we Imwe not Identh•d mat¢dal uncerElndes r•latlnx 1¢ ¢¢•n¢¥ or Thdidoni th#4 kndfvidwlty or c0llxr•Iy, may cur slgkifart dwbt on th• charitable CompaThl ablllty io agofjng cencern for a pemcd •f at leax ¢1¥¢ ¥nonths from wthen th• fin2n¢laJ statlments am authgrlsed for Issu& Our rtsponslbllldes ind the respohslbllknes •)f thè tnJIt Ath rasplrt con2ern ar• &sered In th relthant s¢tkns of thls ryorL Qthet inforn)atlon Thp trus[ are responilbh lor th• gther Irrformathh. Th• other inforwatlon camprlsw the informarlon ID the Ajwmthl RtporK other than the flnanclal statem and Wort afthe In&pendent Ayditors thirt. Our <Wnlon on the fiTrandal italents does ¢over rhe other Inf•m•tson and. exeipt to Eh¢ xten¢ Other1 exF4kklr statsl in our repor& w• not •xpress ny forrn oliurnht• ronthsl4n therrt. In cne(ti YAth our iudk d the #tatements, tyjr re5ppn51bl IJ ro read the oth¢r Mformawn ar4 doinz Eo. considèr v4hether the Dther Inlorniatlon 15 matèriamy inronilstent wlth the flnwKlal ¥tatemern or our lUwA¢se obralned In th• ludii or oth¢rwlse ¥wrs to b¢ rnat•rlaUy m15swed. If we hltn(lfy wch materhl tnconsts(encles or wiarenE fnR1eII m15sratemenu, w• r• WFrtd ro detwmln¢ whthEr thlj ghe$ rtse to * mèterf mt$5ratemtn¢ ITh thE fInaW srat•rnents theMsdv•E. Ir. based on th¢ work we havo p•rfurm•d. w• tht theré a rnatethl miss¢•iaTh•nt of th15 othr 1nfonnat1k we Ire requlr•d EO reporr thir fact W¢ h* nothiryK to ¢wt in thFS rEDrd. P¥p 16
REport of th• Independ•n¢ AudltOM tr• th• Trt#5 of
Changlni Fu¢urts North E•rt
Matt•r• on whlth we ar• rwulr•d ¢0 report by •xceptlon
We havè rthIng to rÈptsrt In respe¢t of the lolk)wlng matters thé Charjflts IA¢¢oyn¢s Ind Reportf)
Kwlarkn$ 2Q08 rnqulr•s us 1¢ r•port to Y rf, in our opjftlon:
Inlvrrrddon w¢n l• tht Report of thè TruKee$ Is Inconknn¢ in any rnateri respec¢ wtth th¢ A(1?1
the cttarltible company has not kept ad•qkntr a¢t4untlnK record&. or
the ftnanclal 5tstements are no¢ In a8rEEmeni w(th the aCtOuhd record5 r¢rurns,' or
we hwe re¢•ived Htl the 4nl0rTh¥t1( and evpkn?Os reqvir• for ovr au
•port dth lThlepehd•nt Audlt•n to the Trustett of Chwft2lng FU# North E•st U• of our report This rnportls rnade the co5 trUStee4 8% a boty, Its accordance wlth 4 ofthE Chlrlrl (Atte and Repans) Regularlom 200e. thjr w&it work h¥ been underraken $0 thvt mwht stste to th* charlt3ble companls tru5cee5 those ma¢w5 y ve requlred to sraty to them In an audl¢ors' repor¢ and for no other Tg the fulltst pennlued by I. we do not Kupt ar assume mponsiEoIty to anyort other t1 the tharltabie coMpY and the charhaljle cornpanls trust as a b•dy. kr our audit work for this reporL or for the pplnloN we hwe forn .r& InsFire Cornpknane• Llmltsd Ch¥wed AtetsunT•Trts IWSre Audlrors Eligiblt to act as • •udlw h tenns of Se(tion 1212 of the com£1 A¢r 2006 6 Queens Court Third AvthtsE Tèam Vall•y Gateshead Tyne and Wear NEI I OBV
Chwin¥ Frt4r•x Nthh
Conwlld•t•d $tat•nwrt of Anan¢tsl Actlvltl•s
for th• Y•v ENl•d 31 M•r¢h 2025
31.3.2S
313.24
Unre4rfet4d
knd5
Restriued
tunds
INCOME AND ENDOWMENTS FROM
Domions and IycFes
7.792
7.792
5.261
System5 ch¢ Work
Couple and famNy retsoJwtshty5
Workint wlth ¢hildrni and youry peBple
Core iuppart
fox¢rtngsqrvJc•
3&139
3&139
151.210
791264
151210
711215
184.424
481736
113.641
763,039
79,049
944651
lTh¥wtm•n¢ Inceme
117.188
1943 862 ts36
EXPENDATURE ON
CIMrftbl• rtlvOtl•s
Syjtems Wo1
Co and lamity relatlofftsh*s
wtth
ChanAlng N4Yth Eart Consolld•t•d Sttem•Tht Pothlon 31 M•pth 2025 Unresirktod Restykted funds 31.3.25 31.3a4 Totsl funds fvnds FIXED ASSFrs knungl>lt assets Tangthle a53ets 12 1937 199 339.773 323.704 32&641 2.937 323.704 326h41 33Y.963 CURREKf ASSETS Debtors 14 15 1416(19 90.264 561203 141609 9q264 584,092 311.741 86J76 JW733 sh a¢ in hnd ISW9 ts0176 15.089 816.965 69&850 CkEDITOftS kngwiu [n8 wltlth )ne year 16 <119510) 1S.314 (123,827) {127.6601 NEf CUftReNT ASSETS 6&2J66 10.SY2 693 138 TOTAL ASSETS LESS CUIIRENT UABIUTIES 685.503 334.276 1.019.779 911,153 CftEDrroRS An)Dunts faNlnK due ahr morn one >Tar 17 14.494) 14.494) (15m} NET ASSETS 896,081 FUNDS Lknresthed fund5 Restri¢red fvnd5 18 681x09
34,276 167 TOTAL FUNDS 1,015285 The d4rits14• is entItl to #Xgrnpkn from audit under Secd(ffi 477 of tho C¢mpanlu A¢¢ 2006 fgr the r endtd 31 Mar
ndnuEd..
¢ongolldat•d Stt•hi•nt •f Podtlon. eontlnu•d 31 M•r¢h 20 The trust4•5 tho¥A•dg¢ th•lr responllbliw lor (a) aThwthg that the Eharlfable company keepi ¢couniiy rowrds th&t campty wlth Se¢thx$ 306 amd 387 of th8 Conythles Att 21)06 Ind (bl prpthThg ffinèndal ¥tatemen¥ wtr4ch a tyue f vitv# of the rtate ol aftlr5 ol th¢ ¢frArltabk eoryany •$ at the end of tath firAnthl r and wrplus tyr defidt ltsr Èach fin•n¢hl y•ar In a¢¢ordanre wjth the regutreNnts of Sed¢ni 394 and 395 and oth•pls¢ compty wlth th¢ requiremenu ol th• CompnltJ Aet 11106 lanI ¢0 financ141 Sttemen wfar as appli¢atAe to the tha•able company. Thwe fimnclal sutaments hav¢ been audw urbdlr the requlr•ments of Sealon 145 ofthe charte3 Att 2011. The knndal irat8m•nu wer• appr¢v¥d by the 803rd of TTrJsLo•s •uthorh•d tsr ljjue on ..-,... .,.-.,...-- ..-.-.--.-. gnd wer# $ied ¢n ks bÉh•lf br. The PYL drhosé finan<lal itatemen P4a21
Chanzkng Nwth Eat J l H¢ 1025 31325 To¢al ld5 31J.24 Toul fimds Unre5tyta•d fvnds RestrlcrÈd fvnds AXED ASSErs Intangbkn as5•ts w•ts Irw¢rnents 12 13 2.937 10 323.701 326.641 10 339.773 10 2,947 323,704 326.651 339.973 CVRREwf ASSETS 14 15 245.838 90.264 433h41 245838 Ya264 449530 371.348 376 ie7A+76 Cash at bank In hd 15.889 769.743 IW9 78532 645.4( CREDITORS Amounrs laliry tAthln one y¢ar 16 (87.187) 15.317) (•U041 174.320) NEf CURRENT ASSETS 10.sn 571.080 TOTAL ASSETS LESS CURRENT LIABIUTIES 68S,503 334.276 1,019.779 911.IS3 CREorrofts Amounts fa4 <kn after more than one year 17 (4.494) 14494) {15n) NEf ASSETS 681.009 334 276 15.2¥5 896 FVNDS UnrÈsrrktsd Restrirted funds 18 681.009 48&167 TOTAL FUNDS 1.015.285 081 Th• thwltabje ¢ory¥y 15 thIed ro x•mpin from •udlt uDd•r Soedon 477 ¢rf the C•Hl•s Aa 26 for ar 31 r¢ 2025. The m•mbers hav• Tho¢ depotd n¢dc•. purjvant to Settlon 476 of th¢ Cwnpanies Att 2006 requirlrrf an authr of Tha notes form p•rt flnanclil st¥tem•Th P•8e 22
North E¢ Stat•m•nt of Flnanclal P•41don • ¢Ofitlnu¢d 31 Mw¢h 2025 The rrusrta acknOwf•d thdr rqsponslblThOH lor ¢nsudng thllt the ¢harfttbk <omwy keeps acco1 rttora wlth Sect5ony 386 387 of the CompanlES Ac¢ 2006 Ind Prepari )In•ndal natements which 8lve A trné and l¥r vlew Of th• stat• ol afrtln d th• dmrltrbje ¢omp4ny 18 1¢ the ¢nd of •ach flnanclal year atsd gf its 5vrplus or defrdt lor tath firban&l yur h a<tor&nte wlth th• requtr•ThDts of S8ctF¢n$ 394 and 395 and Tthich otheThSe ¢oMpty wlth the rnqulr¢m¢nrs of the C¢mpanl Act 2LU rdatlng ts¥ fin¢1#1 staten4 50 far as •pplk•ble to the charitabl• camp•ny. The58 fiTh¥4dal stataments have been audlted lèr the r•ylremenrs of Seulon 145 0lth• ch4rlii¢s Aa 2Ql l. (b) Th¢ 1nand4l5tatemr9 wer¢ apprc+ved by the Bo&rd OfTnle•S and 4UthorlMd for luuè on ...-.....-.--.--__....-..--. ahd w•r• $ed on h b• br. Mri G Lamb- Chaperson The note5 form 01the financial P•4e 23 cMunued._
Clhwqlw Futurw North Eart Stt•m•fit ol Ch Flow• ftt th Yw End•d J I MAr¢h 2025 31.325 31.324 Cah flow¥ from operatlnz actlyl Cash erated from operatlans lThttresr ld 289,094 523 15.743 753 Net wo7Aé•d by aperntlng •¢ts¥irMs 288571 Cth tlows frorn INv•rtlTh¥ •¢thlt Interesr r•cwv¢d 10.031 Nat cash provlded by Inyesikng a¢t1vI•S 10,031 Calh Ilows from Ilnthclni 4¢tlvltl Loan r•pwMnts Sn ¢r In£rnu¢ In 5h4n rErn dep1 (lQ130) (9)1) Net cath In ljnandnx actlvlrles 14,01 15.fjm Ch•np In cash eqwiv4lents the fW¥rtlh8 perlod Cth •nd ush equlvalent• At th• b•nIng of th• r•pDrtlng p•rlod Cath And eqUIleD at th¢ •Th of the reportlfflz rIod 283,359 10.017 30on3 290,716 S84,0 3oon3 The note5 form pan of th•s• statem•nty Pa8 24 contlnued..
Chanslng N•rth Egt Not•# to th4 Stat•m•nt DfC¥h Flow• frjr th• Y•v End•d 3114arch 2015 RECONCILIATION OF Nrr INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 3lJ.25 31.324 N•t Incorrt• lor the r•popdnz p•rhd (u w th• St•t•m•ht of FIDandl Ardvlths) Adlwtrnehts Deprttia¢lon dmr 119.204 154,307 13,322 13.563 (10,031) 753 (221.522) 71673 Int¢resc rAld De¢re¢e1{1n¢rèa) In 4tbtor¥ (De¢rweVkKr•ase h ¢redi¢ors 523 169,132 4,281 289.094 1&743 ANALYS OF CHANGES IN NET FUNDS At 1,4.24 C•sh At31J25 M•¢ ¢h Ch ac bk and In 1 )OQ733 283J59 584.092 30Q733 283J59 Llquld Ywou¢•¥ D•posJ¥s Induded In c•sh Curr•nt amr inve$ur 86 244 84376 9D264 O•bts du¢ wlthln l y•xr Debts fWin¥ thre afrer l year 999) 15,0 (IOJ47) 4,494 10 4,971 10.130 Total 36 297JTA 659515 The filrm part ofth•5t x•t•hen Py25
chSIng Futur• N•rth Eart NO to th• Fln•Trd Statements for th¢ Y•w End•d 31 M•r¢h 2•25 ACCOUNTING POUCIES Bwii of pr¢p•rlTr8 th• tutffiw The Ilnn¢lal JutM)ents of the chrlrabJe tompany, YAthIth ts a wbh¢ enty under FRS 101 have been prwod ITr accordan¢ wlth the Ch¥ities SORP IFRS 102)'AecMtlnz and Reptsrtln¥ by tharltlei: Statemtht of K¢comrn•nded Pr•uJ¢e aUble ¢0 drit5 thelr ¢¢unIS In •¢<tsrdah¢• wlth the Rnand Aeportin8 St3Ad•rd applltable In thp LIK and Aepublk of Iretsnd IFRS 102) (effecrlv• l January 2019),. Flnancial RwniTh8 102 Tho Fknandal RtPCrthg Stsnaard ¥pkai4• kn the UK Republic 0¢ Iretand the C•mpnles Au 2(1. ThÉ financlal thtemefftts hvt prw•d underthe hirtorkal cost tsn¥endon. fvjl IrKome ts r•¢Wd In th• Statemeni Of Financal A¢dvttlu ¢)nc• th• dwky haj enthl¢m¢N¢ ro th• fvnd4 5t Is prob¥bJ that th• wlf be re¢el¥ed and the Amount tan be theured remthty. Grart5 ar• Induded In the Jta¢•n¢nt of frondal al$ a r•c•hbk bas1& The ball¢ ol irKom• re¢pJ¥ed for specffic Purp1 but r¢ pended dutlnz the pwtod Is shown In the relEWlt fvnd$ on the bthrt• she•L Where ineomè is r•(hed In tharK• of Ondernen¢ of r•¢•pL its recogniti)N li deftrrad and I[(d In tredltars th ddtrr•d Incom¢. ntement ocwrs before Is re¢th•4 the income Is aeerued. ExpndStur• Liabilrthes are rtt•8nised as xpeThdiwre as soon as there ts a kpl or ¢ofvxrpxthie oblaon comrnr4ri th• eh•rlry ¢0 tha¢ wendtyre, It b wobknle a trthrfet •f •¢onomk b•nefi(s WIN be requFred th set¢lemetsr th¢ amoun¢ of th• obllD(10Th ¢4n be measurtd row. PdItyre Is •¢¢ounted Ivr ¢n bn ba¥ls )d been daiilfied under htathngs that wvpte cos¢ related to the ¢wry. Wher¢ ba dlre¢dy atttht•d t? Wdrtlcuhr hea¢lThss th¢y been 4located to i¢tl¥lts# on • basli eonslstent with tha Tanllble Ix•d ets D•preflatlon ts provld2d at the fOlltyw In order to writ• èff e4¢h us•t ov•r Its •stknar•d vsefvl Freehotd pr•ptrty FiKwr•s drtF85 Computer •qulpmen¢ 2% ¢)n Cost 25% on 25% ¢n ¢ost The ¢h•rf£y l¥ exemp¢ from forpor4d¢n tsx On ks ch¥lt•ble ¥¢lYldu. Unrestrlcted fvnds b• used kn CordIn(¢ with the th¥luble oblectlw At the dlscfrflon of th• tn15teu. R•strkct•d fvndl be used lor partkular rèstrkred purpow vAthln th¢ oW¢¢s of th• fh•rlLy. Reswlckni arts¢ when 5pttlhed by the donor or when ndS 4tE rwied for P1¢r restrkr¢d purpcÈ& Further expllnarlon dth naturt of fvod li included In th¢ hottB t• th¢ rtatements. Hk• pwr¢has• d Iwlng commltm•Thts R¢nthls und•r operadn¥ l•aMs ire chryed w th• Stst•m•nt of FlThaThdal A¢lltieS on a mh¢ Iln¢ ba¥ii a¥¢r the period ofthe letse. ge26
Futur•x North Eart Notts to th• Anancknl Stt•m•nts. continu•d for the Y•ar End•d 31 March 202S ACCOUNTING POUCIES- covrtbnwd Penslm costs and oth•r postsr•tlr•m•nt béhof The charitsblt tompany opeThte5 a defined conthbudon penslon scheme. Contributlons F4fdbl• to the charitsble ¢omr4ny's pS1On sthtmE art chaT¥ed to tho Statemènt of F1Th2n£ Actlvkles in the pErlod to Ilth they relate. DONATIONS AND LEGACIES 31.3.2S 31.3.24 Donthon5 7,792 5.261 INVESTMENT INCOME 31J.25 31.324 Deposit aGEount int4r•%t INCOME FROII CHARITABLE AcfiviTIES 31J.25 313.24 Grdnts Grants GTan¢s Sy3tÉmi Cl• Work CauplÈ and hmlly rl4doMhlps Wothng vAth thlldren ind youni peoplE C¢x¢ suppw¢ F05ttrin8 5eTri¢e 38.139 151.210 791,264 B8.904 184.424 482.736 113.641 Grants CHARITABLE AcrwmES COSTS Support ¢osu (se note 61 C05tS Tot SM$ Change W¢rk Couple and lamfy rolattansldps Wwkthiwlth thildren and yo% 55m5 147ASS SS.075 147I55 633.631 91948 63W2 115,573 2W21 781 221677 7$ Corn supporr FOSterf xrwlce Pas• 27
Ch•n8ln8 Fuewei North Eart N4)t•¥ to th• FIMn¢knl StatTh•$. ¢ontlnu•d for ¢h Yw EThd 3114Gh 2025 SuppoRT cosrs Gts¥ernan¢q M•nwmeh¢ Rnarb¢e Cwe support Fosterfng wil¢e 8&933 221,112 IA940 565 115J73 221,677 308.015 173OS 11.70D Nrr INCOMEI(EXPENDITURE) N•¢ Inromel{e¥penthwre) ts S< ¢har8iW{(redrEUY): 31.3.25 31.314 11,700 5.1 12,993 3,326 570 D•r¢drlon. •wn•d 251•ts 4ir¢ olpknr rnxhlnery Cory¥¢¢r software arnontsatSon 13,132 662 TrUSTEES' REMUNERATION AND BENEFITS There tru5tees' remuneration or other benefits for th• ar •Thd 31 Marth 2025 nor ftr th¢ ytar en41ed 31 Mar¢h 2024. Tryrtees. expen¢i Th•r• w•r• no trustees. expenw paFd lor the y•ar •nd•d 31 Marth 2025 nor for th¢ yeir •ndtd 31 March 2024. rAFF COSTS 31.3.25 31J24 Ww> and salarles So¢Lal stturlty costs Other 79&966 69324 61,042 897,896 700.208 ¢ondn4d...
Chanzlnz North East
Not to th• FlnArtknI Stat•m•nts- tonthled
for th• Y•ar En&•d 31 Marth 2025
srAFF cosrs-
chsIng F•Atur•• N•rth Eart Not•s to th• Hnanelal Stat•m•nts- ¢or•tlhu•d fvr the Y•v End•d 31 M4r¢h 202$ I•. COMPARATIVES FOR THE sfATEMEKf OF FINANCIAL ACTMTIES. £onthu¢d Llnrn5mc¢•d ResIctEd ndi knds funds NET INCOME Trknrfers b•tweeh 121.558 39W55 31749 154.307 N•t mtsv•ment In fund¥ 160,613 (4306) 154.307 RECONCIUATION OF FUNDS T•ul brou8ht forward 32SJ54 414220 741,774 TOTAL FUNDS CARRIED FORWARD 89 INTANGIBLE FIXED A$SE7S Group Chavlty Conpu¢¢r COST Ar I 2tr24 and 31 M*rth 2 AMORTISATION At l Aprll 2024 ch for year At 31 Marth 2025 NET BOOK VAWE Af 31 Mch 2025 Ar 31 Marth 2024 P4e 30 condnued...
Cl1% Futurtl t4•rth Eart N¢t•i to th Flnan¢knl Stt4m•Thts- <¢ntlnu•d f•r¢h• Y•v End•d JI Mar¢h 202S 11 TANGIBLE FIXED ASSETS Group and Clwlty xtyres Fr¢¢hokl property Computer •qui¢ CQST At l Aprll 2024 and 31 M¥rth 2025 571,080 117 697,777 DEPREaATION At l April 2024 Charye f•r year 235,954 9,615 112,435 35 13.132 At 31 thrch 2025 247376 114.145 371.136 NET BOOK VALUE At 31 Marth 2025 326.641 At 31 Merth 2024 335,126 4,647 339.773 13. FIXID ASSET INVESTMENTS Charlty Shr•s ir• Un&rEakl co¥r At l 2024 and 31 Marth 2025 10 NET BOOK VALUE At l Aprll 2024 and 31 MJrth 2025 10 14. DEBTOR&. AMOUNTS FALLING DUE WITIIIN ONE YEAR Group Group 2025 2014 Charfty 2025 CFsarity 2024 Trade dEbtrrs 1783 308.686 38.360 107.478 231911 138.437 3.055 141609 311.741 24538 371.348 15. CURRENT Assrf INVESTMENTS Group #nd Charfty 31.3.25 31324 L[Sd Inv•stmenTs 90.264 a76 P¥e31 tontinued.-
No¢• to th• Fln•heW Statem•nts. <ontlnu•d fov th• y• Ended 31 Mv¢h 2025 I& CREDrroRS: AMOUNTS FALUNG DUE WITMIN ONE YEAR Group Group IQ24 Chirlty 2025 Charlty 2024 Bank hans and o¥erdralts (se nott 17) Trade crodltors Sodal sècurlty and oth•r w•s Accnmls and dèfErred irbr¢)m• IOJ47 85P36 72 lQ,347 66J05 3,952 9.899 36J92 1&239 11.7 69.446 1&957 29.358 123.827 127.660 92.504 74J20 17. CREDITORS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR Gmup And Ch•rfty 31.3.25 31.324 nk103nJ (jee no¢¢ IT) 4.494 15.on 18. LOANS Group Charlty An aNtysts o1th• miturfw is 1)yr. 31.325 JlJ.24 fallng on• yE&r on demmd.. Bank IDan5 IQ347 9.899 4wnts hlllng b•twMn on¢ •nd tsvo y*ar Bahk - 1-2 y•ars 4.494 AM0vr fallkng due betrmttn tsv¢ and frrt yrI. Bmk IEqn5 . 2.5 yeaTS 15.on Pw32 c0nthu...
Chanong Ftsturs North Eart Notu ts th• Flnn¢lal Stt•m•nts. contlmJ•d for th• Y•ar End 3114vch 202S I. MOVEMENT IN FVNDS N¢¢ Traoslerj At 1.4.24 hh fund> 31.325 UMostrlr¢•d fisndi 401149 5.142 4A37 Rev4Jatloh REServe Fkxorf Trnining Mediatlon {15&782) 36&096 611.463 142 1937 350 (1,900) (1.997) gJ93 2J47 19393) DÈdyated Ind•pelertvtor ¢pendeMlttsltOT Exp¢nse5 IndepÈntknt Vbltor Teesslde IQ607 IIQ607) f47ni {5.117) (165.1281 (44,0001 7.491 JWJ (41262) (71138) <18.IN) {4.n8> 3.769 Funds In i non dNrftsbl• sthldary Tu& Trys¢ LknrtJtrired South T••$ EMP North T••s Men1 H•alth Suppo Df• Men¢orK¥ aThd B•frlehdlry Father'¥ StTrrwStyJth Tyne51d 165.128 10 (7,491) 11.358 41253 (7.962 &22S 3.921 1.757 &735 15,OCKI F1¥ Group Conler•nElng MEnol Hth Supp¢rt Tt 3.304 zsn 486.167 161195 31647 681,009 Abby Prohrt P¥•nt ConD¢¢tors Tudor Trus¢ M¢hul H•thh Support Team BallnKtr OTrarlubl¢ Tru¥t CCG Nwro H8C PPT IV Spot IlJrelNs¢ Kn¢yw Your N•*hbourh¢od 329A09 28.303 (11.4221 16,164) 318,387 11994 19.145) 10.rJ6J 24.431 (10,063) (A201) (4.138) (17.363) 4.138 (575) 867 2,028 (i.i(K+) 11197 10.19 409.914 334.276 TOTAL FUNDS 896ml 119.204 33 ¢ontknued_
Future North Éat
Not•s to th• Flnantknl St•t•m•nts- contlmi•d
for th¢ Y•mr E•d•d JI Mv¢h 202S
19. MOVEMEMT IN FUNDS- ¢otitinutd
Nvr movement In lund kndudpd In the above ir¢ as lolvwj:
Intsmln8
resour¢tt
Re50w
Chwln8 North Eart Notu ¢0 the Flhancknl St•t•mqnts- <ontlnu•d forth• Y•ar Énd•d 31 Mah 2D25 MOVEMENT IN FUNDS. tontlnu•d 19. C•mp4rA¢lv•8 for mov•m•rtt In Tran*lers movemeni in fun At 1.4.23 31.3.24 Unp•strkt•d fvndj General fvrbd Revaluation Reser¥• Flxed AxsÈts 290.719 5.317 6.978 21,801 (77.7731 (1751 (2,141) 7.090 I355 189203 I149 5.142 4A37 P8,891) (13.055) O•ilywt4d fi4nds dOPdent Vkltor kndependent V&lror L¥pens hthpendent Vkltor Teemlde G¢ttkni H•lp 14Pf 2022 F•JttdJ In a rth <harfrable subslthry Tudor Trust Unregtrk•d North fles M•ntsl H•alth Supporc Dfe MethtorM)K and BefrSendlni Father's 5¢rnt•gy South Tyneslde ACES Darthgton Famlly Group Cofif•rÈndni 1.587 287 S,4n ).366 13901 71.086 {1.587) {287) {5,4ni 13,699) 333 396 10 171,096) 10 9.lJ7 4,169 19.650 15,929 7,217 .380) 14.1601 {4,6501 (6.050) 1,757 15.¢00 Restrf¢¢•d Abbry Prol•¢r hr•nr Col•c¢0 Tudor Trns¢ Mentsl Health Support Te•rn Vlcr•rts Wwd Blger ChwitaEl• frust Coynic Réllef HBC ppr rv Spot FlJrth•¥e Know Your N•lghbourhood 325554 121.558 39.055 484167 341.231 24121 (11,422) IQ695 IS08 23.455 (1.7251 3.7S7 (3.2611 (6,64S) 1.190 329W9 20,303 18,51Y} 6,402 6.277 20,674 6267 9.248 (19,794) (4.552) 24431 (3.&)6} 2,603 11197 41 31749 39.05 409,914 TOTAL FUNDS 741.774 154,307 89&(¥81 Pw35 ¢tInued..
Clwlnz Futu North Eart N•t•s t• th• FIrtte Statwn•nts • ¢•ntlnu•d lor th• Y•ar 31 2025 MOVEMeNT IN FUNDS t•ntknu•d C0mpratiYe net MM¢1 in furth, induded In the ove •re as h10.. Incomlng r•sour¢es e¥pend lTrfvnds General fund ReVahthn Ru¢rve Flxed Asséts Trtrg MedA¢knn 1146.039) {175 {11411 <77.791) 154.265} (77,T13) £175) 141) 84081 67.320 13.055 D4lsnat•d IndependEnt W#itor ependertvtsitor E%penses kn&pendent VtsltorTeeSse Gerdry H IApr 2022 Ful5 in * non charjtthle sub5rdlary Tudor Truic UnreJrrk8d North Tees Mentsl Health Support M•htorlr% and Wrfenth Father'i StTrtegy South Ty¢skI ACE5 Darlinzt F•mfy Gro¢Jp CoTrferenclni 23.127 2&921 26827 79,667 1.587 287 5.472 3366 {398) 71.086 P8S34) QlJ55) <76,301) (398) (638A20) 709.7116 194.159) 182594) (350) P1071) 16 9.137 4.169 19.650 15.929 86.763 Rertrkted fvnds Abbey ProJ•ct Partht C¢)nnr¥ Tvdor Tntyt Menol Health sPport T¢¥n Vktorla Ward Bglknger Chtrftible Tru3t Comk R•llel HBC PPT IV Spot Purth4se Kntsw Y04rr Neighbovrho¢>d 1.402,9517 (1.281,439) 121.$58 (11,422) {41.75YJ (47,492) (61.490) (i.ns} 116243) (6ts11} 14M5) 111.422) 10,695 S1454 50,(h)O M94S 23.455 11.725) 3,757 (3261) {6A45) 2QOOO 3,250 1,190 14.197 11290 245039 749 1,493 729 TOTAL FUNDS F¥8t 36
ChaTrsln8 Novth Eat Not•s to the PIMntW Stathtt. tondnuèd f•r th• Year End•d JI M•rth 2025 19. OVEMENT IN FUNDS- Contlnu A cwrent year 12 rnonths prfor ye¥ 12 months ¢•n4lned poslrltsn 1% u fonm. hlet movemEnt funds Translers b•Ewe¢n knd5 At 1.423 31.3.25 Unp•strlrted fun GENeral fvnd Rev41uatk)n knerve R¥ed Tralnr Medi&don 29I719 5.317 P34,555) (175) (4.011) 5.093 21448 555.299 611.463 5.142 2.937 350 21.801 W44) IU448) DlSted fvndi Indeptndent Vtsitor dayndtht Vtslwr Exp•r dependen¢ Vlsitor Tee¥5id¢ Getflng H•1> IAvf 2022 F¥nds non thirfubli sthldary Tudor Trust wwesrrlced 5w¢h T¢es EMFfrI North M•fi Health Support Dfe M¢•r[R ind B¢frfeThdkni Fthèrs Stratw Sovth Tyneslde ACES Dar¥ Famty Group Cotsfr•nclftg Me#tal Health Support Ttam 12.194 276 31244 3.366 4.719 234214 44,000 (7.491} 20,495 44422 111194) (276y (31.244) PA4V) 15,1151 6.214) 144MA)) 7.491 (14.7601 {46.422) {1 Ih88) P4.154 (8,561} 3.769 333 396 10 10 5.735 24.IS4 U77 52.795 325SS4 R•rtrkt•d Abbty ProA•ct 283.753 71.7Q2 6ei.0ts9 341.231 26.121 318.387 11994 M•nol Health Supptsrt Team 4.S)I 23,455 (i.n5) (13.606} 4.138 (3261) 220) 1290 4.000 Iiy 129.654 (4J52) (6.201) {4.138) {3.CKJ6) Bthngtr Ch¥kable Tnmt CCG Neuro COMK R¢W HBC PPT IV Spot Purtha Know Ytyjr Nei¥hbourhood 2Q674 867 6267 9.248 28 (Z2YOI 416,220 334.276 TOTAL FUNDS 741.T14 273Jll P•4• 37
N•xh Eart Not•s to th• FInan¢1 Stst•m•nts- Cohtlnw•d fvthe Y•arEnd•d 31 Mah 20Z5 OVEMEKf IN FUNDS. ¢ondnu•d A ¢urren¢ yr 12 months and pts yo•r 12 rnonthj COnned nei r¥Nfftmen¢ In Induded kn the above ar¢ as foifow A¢•s Mov¥hehr exp•ndÈd In funds rtsourtes Urwirlrt•d GtttEral fvnd Reval&> Rwer¥• Ax•d h5ets 84A12 l?J64 (175) (4,f)11} (122J56) (103,198) Q34J55) 1175} 14.011) 5.093 21448 Medtadpn 127,451 Dwl8nt•d Ind¢pEndent Visltor Ind¢peThdÈnt Vlsjwr Exp¢Ds Independenr Vtsl¢ty T¢esshle GetthK Help WT 2022 Funds In • rftxh chth¢abJe h$141ary TudorTnJit Unre>rffted Sputh T¢•$ EMPH North Tees Mentsl Health Sur4JOrt Df¢ MentorlnK and BefrdlI Fatheés StFaZW Stsvth Tyneslde ACES Darthr)n Fknity Group ConftrendDg Menol Health Suppory Tearn 4&126 5&312 67,736 79.667 11115 1,656.409 135.932) {S8.0361 13442) (7&3OIJ 17,3961 I1,0.195} 12,194 276 31244 3,366 4.719 234214 17.491) (183,0741 (33&285) (8J121 I,e461 {51.399) 102mO 17,491) 20,495 46,f12 11.688 24.154 11,138 56 203569 384.707 9&QOO 61537 15 Ro•¢vlrt•d fvnds Abbty Prohcr Parent Connec¢ors Tu&)r Trust Mentsl H¢alth Suppgrt Team Vk¢orla Ward 8alhng¢r CharltsblE Trust CCG Neuro Cam4c 3.229,671 I?,5.918) 203,753 1220441 4.862) (50,CW) {61.4) (I,ns} P3,606) 311) (45111 17220) (21044) 4.S31 79,393 5q( 84.945 23.4SS 11.n5) (13.606) 4.138 13,261) 17J20) 1.290 20,1)00 77.949 3.250 HBC prr Sptst Purchas Know Your N•*hb00d 1290 361227 n.469 TOTAL FUNDS 3.591 273511 P•y 38 tInUed_
ChanKkn2 Futyr•i North Ert Not•# to th• FIfthtl Stst•m•hts. rorrtlnu•d for the YarEnd 31 Maryh 2025 20. RELATED PARTY DISCLOSURES There vre no relared t1$•¢tOn5 for the ye•r ¢nded 31 Marth 2025. 21. POST aALANCE SHEET EVENTS The Charlty. sthequent tv the yw #cquirod a fr4thold waperty at of Q59.ODD pfus I cosrs. The propery ts lThtvMled to be Lwd Is parc of the Future5 Fosterfng Lhnlted tra¢Je. ¢n¢• necesary r£tory ¥provals have been In order to atY4tr• the propeTryi a loan ol Q60.(#)D WAS 4thanc•d by The Chaiity B*nk Pog• 39
ChangFn8 Future Nopth Eart D•tH•d Stat•m•ht rfFthahcW Artlvlt r th• Y••r Er•d•d 31 MArch 2025 313.25 31.3.24 INCOME AND ENDOWMENTS DoMtl¢•hs nd hDcl 5261 Invts¢ment In¢omt Dopo54t Iccount Inter Grants 1,927 264 IA432 744 1.943A62 1.648.0)6 EXPENDITVRE Sodal s•¢urity P•nsJons Hire of planc #Trd Mhlery Telephothe Pothgè and statlon¢ry Sundrles Proj¢tt activths and nwkétlnz Trthln prof510•1 fees W¢bsite ¢0 TrnUing CoNukancy fe•s SUbicr Fover parenr fees 648.543 53353 26,614 629.971 54Ag1 14.466 1593 1313 3.7S6 262 20,199 56A42 10,993 1&626 2.562 41,DlY 17587 9.311 163.fa4 11122 1.453 21,045 25,30 14,54Q 1,487.408 1.301974 SwyDrt ¢0 Sothl i•¢urlry 150,323 l&Q71 3,092 149. 72J75 6,151 2.154 Cxrrfed fopward Thts pw does noL lorm prt ofthe sth¢u(èry fina1 mt¢mehrs
Chanslng Fkns North E4rt Do¢I•d Statwn•rt of Flnncll Artlvld¢¥ lor th• Yew Ehd•d J l March 2025 31.3.25 31.3.24 M•Tr4ement Ar1 lorward Hlre of pkn¢ and machinery 169,486 662 21.732 18,527 1.815 10, 385 16.%10 11923 Lt and heat Tol•phone F li PDsJ8e SUonery &Jndrl¢s 3,201 3,711 34,335 8.492 17,242 1,162 6.216 1334 4,115 4,732 102 3.5 5.356 I.OS7 9.930 Prof4$5ioJMI lee¥ Consulxancy fe bxrlwlons Tr&rar ckn 30&015 158,930 Bank clwy*s 3.660 190 11,422 1.710 523 709 $70 11.422 I,S71 753 Freehcld prép¢rty Computer tqulFrn Bank Inrer•st 17505 IS,025 Audlion, remLHt¢rxtion Authtors, reNKmeracion for non •uoltwork 11,700 To41 r•%>ur¢e¥ 4xpended 1493.ng M•t In¢•me 154,307 TNS pw dops It form part ofthe stswwfaFbancl 5tattmenu Pw41