## **FUTURE MEN**
**(Formerly WORKING WITH MEN) (A company limited by guarantee)**
## **DIRECTORS’ AND TRUSTEES’ REPORT AND ACCOUNTS**
## **FOR THE YEAR ENDED 31ST MARCH 2021**
**Company No: 03443520 Charity No: 1102451**
**FUTURE MEN (A company limited by guarantee)**
## **REPORT AND ACCOUNTS**
## **CONTENTS**
## **STATUTORY INFORMATION**
||**Page**|
|---|---|
|**Directors’ and Trustees’ Report**|**2 – 9**|
|**Auditor’s Report**|**10-12**|
|**Statement of Financial Activities**|**13**|
|**Balance Sheet**|**14**|
|**Statement of cash flows**|**15**|
|**Notes to the Accounts**|**16-27**|
**1**
## **FUTURE MEN (A company limited by guarantee) DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2021**
The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ended 31[st] March 2021, which are also prepared to meet the requirements for a directors’ report and Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OUR PURPOSE AND ACTIVITIES**
The charity’s objects are to advance the education of and promote the physical and mental health of adults and young people particularly (but not exclusively) boys and men, by such exclusively charitable means as the trustees shall from time to time determine.
## **Our Vision: is a better future for every boy, every man and everyone**
## **Our Mission: is to support and inspire boys and men to become dynamic future men, by giving them the confidence to discover what it means to be a man.**
Future Men is a specialist charity that provides emotional and practical support for boys and young men. Through our practice-led services, we work with boys and men from childhood to 25 to help them become healthy, dynamic, future men. From structured school programmes and youth hubs, to individual one-to-one sessions and outreach work, we provide the vital support and advocacy that changes boys and young men’s lives for the better. We focus our work with boys and men who face structural discrimination and disadvantage, including of race, income, and community.
We underpin our work with an understanding of positive masculinities, regardless of whether the issue is fatherhood, sexual health, underachievement, or criminality. We are interested in why boys and young men do what they do, and what we can do about it. We use an asset-based approach to all our work, focussing on the resources that boys and men bring, the contributions they make and the futures they aspire to. This approach includes a view that there are a variety of (sometimes competing) masculinities which are determined by race, class, sexuality, gender, disability, geography, religion and culture and we continue to grapple with these differences within our own work and encourage others to do the same.
The most useful gift we can give to young men individually and collectively is the gift of hope and self-belief that comes with finding the tools to foster resilience and navigate their own future. We work to enable boys and men to thrive rather than simply survive. This builds social and community capital and affects issues of poverty, violence, lack of education and aspiration for all.
## **Our seven characteristics of positive masculinity**
We developed these characteristics based on the experience and evidence collected as an organisation over twenty years. These will be the areas we look to develop with boys and young men as the keys to physical and emotional wellness.
The seven characteristics are:
**2**
## **FUTURE MEN (A company limited by guarantee) DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **Theory of change**
Our theory of change is based on the idea that if boys and young men disengage at critical transition points, joined together with other challenges in their lives such as poverty, poor housing, negative peer pressure, lack of positive parent/family support, there is an increased risk of them entering the criminal justice system, developing mental health issues, facing poverty, ultimately leading to a trajectory of negative experiences. Experience has shown us that these boys and young men are enormously resilient and possess an inner strength to be drawn upon. With the right support at the right time, they can overcome the above and change their lives, they can succeed and grow into future men with the characteristics to succeed in life.
We will build on the existing logic models for our programmes to develop an overarching logic model for our Theory of Change to guide our decisions about continued monitoring and measuring the impact of our work. This model will show how we work at key transition points, and how we use a mix of universal and targeted approaches to reach the most excluded and disadvantaged young men.
## **Strategic Aims**
To build on the authenticity and impact of our services/programmes and evolve our organisation to tackle the rootcause of the structural and systemic inequalities faced by disadvantaged and vulnerable men and boys.
## **Boys Development Programme in schools**
A whole school approach that creates a nurturing environment for boys’ development and provides a space for boys and young men to grow, socially and emotionally, whilst achieving academic attainment.
## **Community, Engagement and Outreach**
Working with the community to provide activities and spaces that keep boys and young men safe from harm, whilst also creating opportunities to develop new life skills, using teachable moments to help them achieve their true potential.
## **Fathers Development**
To create opportunities for fathers to prepare and to have the tools to be actively involved and included in their children’s lives. To create an inclusive space where parents can speak openly about their challenges whilst learning positive ways to engage with and raise their boys and young men.
## **Advocacy**
To influence the public and policy makers so we can change hearts and minds.
## **ACHIEVEMENTS AND PERFORMANCE**
The period covered in this report from April 2020 to the end of March in 2021 was a strange and difficult year for everyone, but Future Men continued to deliver our services and to evolve the support we offer to boys and young men facing disadvantage and discrimination. We can take pride in the way we were able to adapt and to make ourselves useful, providing the support our service users needed, even when we were unable to see them face to face.
## **Youth Hubs**
For our two Youth Hubs at the Amberley and Churchill Gardens, this gave our Youth Work team the chance to create an amazing online ‘virtual youth club’, with daily activities and challenges engaging and delighting young people who had to stay at home for weeks and even months. The team designed a programme around the theme of Safety: in the home, online and in the community. The Hubs themselves became community hubs, providing advice, emergency food parcels and toys and activity packs to families in need. Later we were able to offer our spaces for respite sessions for families and one to one sessions with young people who needed additional support. It was emotional to see how happy young people were to come back to the Hubs as restrictions lifted as once more we got to see how important youth work is to young people.
Despite restrictions we ran over 200 sessions including: music, creative arts, cookery, healthy relationships, bike repair workshops and worked with numerous partner organisations both voluntary and statutory, all of whom added value to the work we were doing across the two Hubs, and 327 young people took part in activities.
## **Ventoring Outreach Team**
Service delivery was interrupted by the pandemic and the lockdown periods resulting from it. Project Coordinators had to adapt service delivery in-line with government guidance and health and safety protocols. Group work was reduced to a minimum (23 groups delivered) and only delivered during pockets of time when restrictions were relaxed, and as we prioritised one to one support for those most in need.
**3**
## **FUTURE MEN (A company limited by guarantee) DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
The social impacts of the pandemic and the government response have not been felt equally. Many families supported by Future Men live in deprived conditions as represented at the beginning of this report by the statistic that 80% of service users hold postcodes in the three most deprived deciles. While each situation is unique, there were common themes that arose, including cramped housing conditions, loss of income either partly or entirely and insufficient information technology, be they connectivity or hardware. Each of these pressures added to the problematic picture faced and frequently they were compounded.
Many families that we support faced new challenges as young people were sent home from education, training or employment settings. With young people in the house for longer periods than normal - some having the pressures of homeschooling, some losing employment and income, others losing opportunities as they were in their final year of school, college or university – some parents/carers expressed challenges with their children and project coordinators had to support the parents with parenting skills around boundary setting, communication and supporting their children.
## **Boy’s Development Programme**
Our schools based programme: the Boys Development Programme responded well through lockdown. Initially we weren’t able to deliver group work, but we were able to provide regular support to the most vulnerable young people on the programme through regular phone calls and online support. Another one of the positives we take from lockdown was that those regular calls also involved speaking to parents and carers and we learned a lot about the boys and their circumstances through those interactions. This has helped us shape the Programme going forward and to look at creating content that will also support families, particularly those facing school exclusions, which continued even through lockdowns.
We delivered the Boy’s Development Programme in 30 schools during the year and supported 837 pupils through groupwork and one to one support.
## **BDP: the impact we make**
In order to monitor and evaluate the outcomes of the work, Future Men use pre- and post-questionnaires. They were designed with the seven characteristics in mind and with significant input from young people to ensure clarity and understanding. Questionnaires are tailored depending on whether the work was delivered to small groups or one-toone cases. Across all schools, the following outcomes were realised:
By each metric, participants have improved or maintained in 7 out of 10 instances with some metrics recording outcomes as high as 85%.
**4**
## **FUTURE MEN (A company limited by guarantee) DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **Fathers’ Development Team**
The Fathers’ Development Team increasingly moved to remote regular contact and support and as lockdown dragged on, however direct one to one and group work continued in a COVID safe way. The team responded to increasing requests from stakeholders around issues with domestic violence, therefore we had to work more with perpetrators and alleged perpetrators of domestic abuse and with families where there were Child protection concerns; working in partnership to make sure families were safe during a difficult time for many of them. Across the organisation, the common theme through lockdown was about making Future Men useful, responding to changing needs, and the Fathers’ Development Team exemplified this. Our work in this area also led to Future Men being commissioned to work in Lewisham as part of a multi-disciplinary approach to supporting families where domestic violence was a concern. We also continued delivering the Fathers for Futures/Strengthening Families Strengthening Communities parenting course, in partnership with the Race Equality Foundation, in Westminster. We were also able to recruit for a new Co-ordinator to support younger Dads in Southwark. Overall, the Team provided mentoring support to 48 fathers during the year.
Another positive development has been the success of the Future Dads course online delivery. Some funding from Local Maternity System commissioning group which comprises hospitals in South London, enabled us to deliver a biweekly course to expectant fathers, with the courses booked out for weeks in advance. 70 expectant Dads completed the training. It was not the same as face-to-face delivery, which we hope to be able to return to soon, but it has been an important resource for expectant fathers during this difficult time.
We have also continued our advocacy directly highlighting the challenges our service users have faced during lockdown and ensuring a fairer picture of Fathers during this period has been shared countering an often overly negative view of Men and Fathers during this time and offering practical tools to help Fathers cope with the various challenges lockdowns. We have also supported the remote running of the All Party Parliamentary Group on Fatherhood and contributed to various research projects and strategic pieces of work including the launch of the Royal Foundation’s Centre for Research in the Early Years.
## **Our Volunteers**
During the year volunteers gave over 500 hours to help support the work of the paid staff in the areas of youth work, mentoring and administration.
## **Public Benefit Statement**
Future men’s objects are to advance the education of and promote the physical and mental health of adults and young people particularly (but not exclusively) boys and men. As an agency our public benefits are varied. We use our knowledge and experience built up over the last 20 years to support boys and young men, with a particular focus on those who through life events are marginalised and disadvantaged, or at risk of being so. We have a theoretical understanding of masculinity that underpins our work, informed by how external factors, such as race and class affects 21st century males. We have developed services to reach our target group at key points in the life cycle.
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising through the Charity’s activities.
## **Modern Slavery**
Although the charity is not obliged to make a statutory report pursuant to s 54 (Transparency in supply chains etc) of the Modern Slavery Act 2015 because its annual turnover does not exceed £36 million, the Trustees are conscious of the need to guard against slavery and human trafficking. Neither the charity, nor to the best of their knowledge and belief their suppliers, is involved in or uses the services of any third-party supplier involved in human exploitation or trafficking.
## **Financial review**
Income raised increased in the year by of 37% on previous year (2020 increase 1%). The Statement of Financial Activities showed a net surplus for the year of £362,267 (2020 – £42,975), of which £129,320 is an unrestricted surplus (2020 – £22,122). The Trustees have designated £84,000 of the unrestricted surplus relating to grants received towards the end of the year intended to cover core salary costs for the year ahead. Total reserves stand at £955,192 (2020 – £592,925).
The majority of our charitable activities are delivered through time-bound projects funded by grants and contracts. We adopt a flexible charitable spend model to match our expenditure to these income streams allowing us to adjust the shape of our expenditure to minimise our risk of exposure to unfunded liabilities and to maximise our impact by being responsive to changing needs. Our Future Dads courses and sales of resources have low initial investment costs and low indirect costs limiting the financial risks associated with these areas.
**5**
## **FUTURE MEN (A company limited by guarantee) DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **Reserves policy**
FM requires an appropriate level of reserves in order to operative effectively. The Board of Trustees have considered the risks faced by FM through a risk analysis exercise. The level is set with regard to our aims, needs and objectives and the risks we face. These are sudden cessation or non-renewal of contracts and grants, delay in receipt of funding, and future essential maintenance of properties and IT infrastructure. The Trustees consider that a level equivalent to 3 months staffing and core running costs is sufficient to meet these risks should the need arise. This target level of reserves is £293,250.
At 31 March 2021 the unrestricted funds not designated or invested in tangible fixed assets (free reserves) held by the charity are £283,837 (2020: £237,532) which represents 2.9 months staffing and core running costs (2020: 2.6 months).
Towards the end of the year the Trustees received £84,000 of unrestricted grants intended to cover core salary costs for the year ahead. The Trustees have set these funds aside as a designated fund to cover their intended purpose.
The charity additionally held £585,467 of restricted funds at 31 March 2021 (2020: £352,520) representing unspent funding and grants received in advance which are restricted for the specific purposes for which they were given and are not available for the general purposes of the charity.
## **Principal Funding Sources**
Funding is obtained from local government, charitable trusts and foundations in addition to income from resources and other services. As an organisation we are currently looking at a number of ways in which we may generate further income from current resources in an effort to be as independently stable as possible going into the future. We have identified two areas of our present work which may prove useful as we establish future independence.
## **Investment policy and performance**
The Board of Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the Board of Trustees. As far as possible, funds will be retained in accounts bearing the best interest rates at that time.
## **Future Activities**
During the next twelve months we look forward to transitioning back to the face to face work that we know our service users need and appreciate. We will also try to future proof the charity against future lockdowns by making our services more easily adaptable and accessible through digital and other remote channels. We do not yet know the impact of the pandemic on the young people we support, and particularly how it will affect mental health and socialisation. As we have done successfully through lockdowns, we will adapt to rising and changing needs, but what does not change is the importance of the trusted and positive relationships that the Future Men team can build and maintain with young people.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Future Men (FM) is a company limited by guarantee and not having a capital divided by shares. The company was incorporated on 2nd October 1997 and is a registered charity (registered 3rd March 2004) constituted as a Limited Company under the Memorandum and Articles of Association. The charity registration number is 1102451 and the company registration number is 03443520.
On 3 April 2019 Working with Men formally announced our change of name to Future Men. The charity remains the same legal entity with Company and Charity registration numbers remaining the same.
The name change was registered and approved at Companies House on 12 March 2019 and accepted and registered with the Charity Commission on 26 March 2019.
## **Recruitment and appointment of Trustees**
New trustees are elected by existing trustees on the board in line with revised governance standards in which key areas and skill gaps are identified and addressed. Trustee posts are advertised in the local, national and voluntary newspapers and on websites through an open process. Trustees are then invited to meet with the Chief Executive and senior management team and meet with practitioners and beneficiaries. After an agreed probationary period they may then be appointed by the Board of Trustees. Under the requirements of the Memorandum and Articles of Association the members of the Board of Trustees are elected to serve for a period of three years, renewable once by Board agreement.
**6**
## **FUTURE MEN (A company limited by guarantee) DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
The Directors in office in the year are set out on page 8. The Directors have no beneficial interest in the company other than as members and all guarantee to contribute £1 in the event of a winding up. The Board have unlimited investment powers.
## **Trustee induction and training**
All new Board of Trustee members receive an induction on joining FM which includes:
- Roles and nature of the organisation and their role / responsibilities within it.
- Full understanding of the spirit/aim of FM’s Equal Opportunities / Diversity commitment.
- Understanding of the practical day-to-day implications of what is expected of all workers.
- Contents of the FM Staff Handbook.
## **Organisation**
The governance of the charity is undertaken by a Board of Trustees that meets bi-monthly and is responsible for overseeing the strategic direction and resulting policy of the charity. The Board bring expertise from a variety of professional backgrounds and have access to advice on the progress of the work from the Chief Executive, Operations Director, Finance Director, senior managers, individual project workers and project advisory groups/ forums.
The Trustees met during the year to monitor progress against our 3 year strategy, oversee financial and risk management and measure progress in capacity building, diversity, HR and staff development. The Board’s governance is supported by sub-groups which meet regularly throughout the year and comprise chair trustees and members of the senior management team as well as the involvement of individual key staff.
During this year the work of the Board of Trustees was supported by the core team of full-time and part-time staff in addition to our excellent volunteers including mentors. The day-to-day strategic and operational responsibilities rest with the Chief Executive, Operations Director and Finance Director, who ensure that the charity delivers the strategy and services specified and that key performance indicators / work plans are met.
## **Related parties**
During the year there were no related party transactions.
## **Pay policy for senior management staff**
Senior management staff pay is set with reference to market rates for similar roles within similar sized charities in the sector. The pay of the Chief Executive is reviewed and approved by the Board. The pay of other senior management staff is reviewed and approved by the Chief Executive.
## **Risk management**
The Board of Trustees has a risk management strategy that incorporates:
- An annual review of all risks the organisation may face prepared by the Chief Executive.
- The development of strategies and an action plan to reduce the impact of these risks.
- Mechanisms for monitoring the implementation and review of these strategies.
Innovation usually involves risk and the Board of Trustees accept this and, therefore, regularly monitor and manage risks. Risks are assessed in the following way:
1. Major risks that need to be monitored closely;
2. New, albeit minor, risks that requires processes to be established and monitored;
3. Minor risks that may become major at a later point, if something else occurs;
4. Risks within our control and those outside our control.
Organisations such as ours will always be vulnerable to changes in government policy and charitable trusts / funding bodies’ priorities. As well as these external risks, internal organisation risks are also particularly important. If we expand too quickly, we are at risk of overstretching ourselves and the quality of what we do being lowered (this is a common problem in a range of smaller innovative charities). However, if we expand too slowly we are at risk of failing to generate resources to fund our small but growing core costs (management and office costs in particular).
**7**
**FUTURE MEN (A company limited by guarantee) DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Company Number:** 03443520
## **Charity Number:** 1102451
## **Directors / Trustees**
A Richardson (Chair) – resigned 13/01/2021 S Watson - appointed as Chair 13/01/2021 C Hix - resigned as Treasurer 24/11/2021 N Samuda – appointed 24/11/2021 (appointed as Treasurer 24/11/2021) E Benjafield – resigned 24/11/2021 M Gibson E Lewinson S Mullin – resigned 13/05/2020 R Akontoh - appointed 13/05/2020 Y Rolston J Simpson
**Secretary: R Jordan**
**Key Management Personnel:** Chief Executive Officer: S McFadden Operations Director: L Edington – resigned 31/05/2021 Finance Director: R Jordan
**Registered Office:** 37, Clements Road, London, SE16 4EE
**Auditors:** SKS Audit LLP, 3 Sheen Road, Richmond, TW9 1AD
- **Bankers:** HSBC Bank Plc., 47 Rye Lane, London SE15 5ET
Santander, Customer Services Centre, Bootle, Merseyside G1R 0AA
**8**
## **FUTURE MEN (A company limited by guarantee) DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **Trustees’ responsibilities in relation to the financial statement**
The Trustees (who are also directors of Future Men for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation.
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its income and expenditure for that period. In preparing these financial statements, the Directors are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **STATEMENT OF DISCLOSURE TO AUDITOR**
So far as the Trustees are aware, there is no relevant audit information of which the company’s auditors are unaware. Additionally, the Trustees have taken all the necessary steps that we ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the Charity’s auditors are aware of that information.
## **AUDITORS**
A resolution was proposed and agreed at the Annual General Meeting that SKS Audit LLP be re-appointed as auditors of the Charity for the ensuing year.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.
## **APPROVAL**
This report was approved by the Board and signed on its behalf by:
**Neville Samuda Treasurer**
**19 January 2022**
**9**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF FUTURE MEN (A company limited by guarantee)**
## **Opinion**
We have audited the financial statements of Future Men for the year ended 31[st] March 2021, which comprise the Statement of Financial Activities (Summary Income and Expenditure Account), balance sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31[st] March 2021 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 Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 going concern**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
- The directors’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
- The directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least 12 months from the date when the financial statements are authorised for issue.
## **Other information**
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- The information given in the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements: and
- The directors’ report has been prepared in accordance with applicable legal requirements.
**10**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF FUTURE MEN (Cont/d) (A company limited by guarantee)**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us;
- the financial statements are not in agreement with the accounting records and returns;
- certain disclosures of trustees’ remuneration specified by law are not made;
- we have not received all the information and explanations we require for our audit;
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Directors’ and Trustees’ Report.
## **Responsibilities of directors**
As explained more fully in the directors’ responsibilities statements set out on page 9, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Discussions were held with, and enquiries made of, management and those charged with governance with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements.
During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance to the entity:
- Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.
- It is considered that there are specific laws and regulations concerning food and health for which noncompliance may be fundamental to the operating aspects of the business.
Informed management has taken appropriate steps to ensure that all parties involved in the operations from point of supply to delivery to the end users are conducted in such a manner that there are no breach of regulations as applicable in this industry. The quality of the products, product integrity, food safety and the involvement of product and service providers are continually being assessed to ensure that they have the protocols in place to deliver a consistently high-quality product every time.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and noncompliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud.
**11**
## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF FUTURE MEN (Cont/d) (A company limited by guarantee)**
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
**JAMES FOSKETT (Senior Statutory Auditor) for and on behalf of SKS Audit LLP CHARTERED ACCOUNTANTS STATUTORY AUDITOR**
**3 Sheen Road, Richmond, TW9 1AD**
**19 January 2022**
**12**
**FUTURE MEN (A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31ST MARCH 2021**
## **SUMMARY INCOME AND EXPENDITURE ACCOUNT**
|**Unrestricted**
**Notes**
**Funds**
**£**
**Income**
Grants, donations and legacies
**2**
150,336
Income from charitable activities
**3**
80,873
**Total incoming resources**
231,209
**Expenditure**
Cost of raising funds
**4**
14,058
Expenditure on charitable activities
**4**
87,831
**Total Expenditure**
101,889
**Net income & net movement in funds for the**
**year**
129,320
_Reconciliation of funds_
Total funds, brought forward
240,405
**Total funds, carried forward**
369,725|**Unrestricted**
**Notes**
**Funds**
**£**
**Income**
Grants, donations and legacies
**2**
150,336
Income from charitable activities
**3**
80,873
**Total incoming resources**
231,209
**Expenditure**
Cost of raising funds
**4**
14,058
Expenditure on charitable activities
**4**
87,831
**Total Expenditure**
101,889
**Net income & net movement in funds for the**
**year**
129,320
_Reconciliation of funds_
Total funds, brought forward
240,405
**Total funds, carried forward**
369,725|**Restricted**
**Funds**
**£**
191,447
947,275
1,138,722
-
905,775
905,775
232,947
352,520
585,467|**Total**
**2021**
**£**
341,783
1,028,148|**Total**
**2020**
**£**
233,589
767,372|
|---|---|---|---|---|
||231,209||1,369,931|1,000,961|
||14,058
87,831||14,058
993,606|15,128
942,858|
||101,889||1,007,664|957,986|
||129,320
240,405||362,267
592,925|42,975
549,950|
||369,725||955,192|592,925|
The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
## **CONTINUING OPERATIONS**
None of the charity’s activities were acquired or discontinued during the above financial periods.
## **TOTAL RECOGNISED GAINS AND LOSSES**
The charity has no recognised gains or losses other than the above movement in funds for the above financial periods.
The notes on pages 16-27 form part of these accounts.
**13**
**FUTURE MEN (A company limited by guarantee)**
## **BALANCE SHEET AS AT 31ST MARCH 2021**
||**Notes**||**2021**|||**2020**||
|---|---|---|---|---|---|---|---|
|||**£**||**£**|**£**||**£**|
|**Fixed assets**||||||||
|Tangible assets|**9**|||1,888|||2,873|
|**Current assets**||||||||
|Debtors|**10**|64,482|||67,237|||
|Cash at bank and in hand||944,410|||578,885|||
|||1,008,892|||646,122|||
|**Liabilities**||||||||
|Creditors falling due with in one year|**11**|55,588|||56,070|||
|**Net current assets**||||953,304|||590,052|
|**Net assets**||||955,192|||592,925|
|**The funds of the charity**||||||||
|Unrestricted funds:||||||||
|General|**12**|||285,725|||240,405|
|Designated|**12**|||84,000|||-|
|Restricted funds|**12**|||585,467|||352,520|
|**Total charity funds**||||955,192|||592,925|
The Trustees have prepared accounts in accordance with Section 398 of the Companies Act 2006 and Section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
These accounts were approved by the Board of Trustees on 19 January 2022 and were signed on its behalf by:
**----- Start of picture text -----**
…………………………………………………………. Chair
Sasha Watson
…………………………………………………………. Treasurer
Neville Samuda
**----- End of picture text -----**
## **Company Number 3443520**
The notes on pages 16-27 form part of these accounts.
**14**
**FUTURE MEN (A company limited by guarantee)**
## **CASH FLOW STATEMENT AS AT 31ST MARCH 2021**
|**Notes**
**Cash inflow from operating activities**
**14**
**Cash flows from investing activities**
Purchase of tangible fixed assets
**Cash provided by / (used in) investing activities**
Increase in cash & cash equivalents in the year
Cash & cash equivalents at the beginning of the year
**Total cash & cash equivalents at the end of the year**|**2021**
**£**
365,525
-
-
365,525
578,885
944,410|**2020**
**£**
128,860
(2,955)|
|---|---|---|
|||(2,955)|
||||
|||125,905|
|||452,980|
|||578,885|
**15**
**FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **1.1 Basis of preparation of accounts**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Future Men meets the definition of a public benefit entity under FRS 102.
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts (financial statements) are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2**
## **Preparation of accounts on a going concern basis**
The Charity’s Financial Statements show net income of £362,267 (2020: £42,975) for the year and free reserves of £283,837 (2020: £237,532). The trustees are of the view that these results have secured the immediate future of the Charity for the next 12 to 18 months and on this basis the Charity is a going concern.
## **1.3 Income**
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and amount can be measured reliably.
- (a) Income received by way of grants, donations and legacies is included in full in the Statement of Financial Activities when received, unless they relate to a specified future period, in which case they are deferred.
- (b) Legacies entitlement is taken as the earlier of the date on which either: the charity is aware that the probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Charity that the distribution is made, or when a distribution is received from the estate. No legacies were received during the year.
- (c) Income from charitable activities received by way of revenue grants and donations is credited to restricted incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specified future period, in which case they are deferred.
- (d) Grants and donations of general nature which are not conditional on delivering certain levels of service are included as part of Grants, Donations and Legacies as shown under note 2. Performance related grants and donations which have conditions for a specific outcome are include as Income from Charitable Activities as shown in Note 3.
- (e) Capital grants for the purchase of fixed assets are credited to restricted incoming resources on the earlier date of when they are received or receivable. Depreciation on the related fixed assets is charged against the restricted fund.
- (f) Income from charitable activities includes income recognised as earned (as the related goods and services are provided) under contract, in the form of training income and sale of resources.
- (g) Investment income is included when receivable.
## **1.4 Volunteers and donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), time contributed by volunteers is not recognised. More information about their contribution is included in the trustees’ annual report.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
**16**
## **FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **1.5 Expenditure recognition and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under the following activity headings:
- (a) Cost of raising funds comprises the cost of seeking donations and legacies by direct approach and other fundraising activities and their associated support costs.
- (b) Expenditure on charitable activities includes costs directly related to developing project materials and resources, providing support and advice to participants on our projects and activities and direct running costs of the youth centre and their associated support costs in furtherance of the purposes of the Charity.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1.6 Allocation of support costs**
Support costs relate to those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance and administration personnel, payroll and governance costs which support the charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 5.
## **1.7 Funds structure**
The general fund comprises those monies, which may be used toward meeting the charitable objectives of the company at the discretion of the Board.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
The restricted funds are monies raised for, and their use restricted to, a specific purpose or donations subject to donor imposed conditions.
## **1.8 Tangible fixed assets**
Tangible fixed assets are stated at cost less depreciation. Individual fixed assets costing £1,000 or more are capitalised at cost.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases
Furniture and equipment
- 33.33% straight line
## **1.9 Cash at bank and in hand**
Cash at bank and in hand includes cash and short term cash deposits.
## **1.10 Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.11 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.12 Taxation**
The charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
**17**
## **FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **1.13 Judgement and key sources of estimation uncertainty**
In the application of the company’s accounting policies, the charity is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **1.14 Pension**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund. The charity has no liability under the scheme other than for the payment of those contributions.
## **2. GRANTS, DONATIONS AND LEGACIES**
|**Unrestricted**
**Funds**
**£**
Esmée Fairbairn Foundation
84,000
Garfield Weston Foundation
-
John Armitage Charitable Trust
30,000
John Ellerman Foundation
30,000
Paul Hamlyn Foundation
-
The Tudor Trust
-
Westminster Foundation (see also note 3)
-
Job retention scheme grants
4,561
Other donations
1,775
150,336|**Unrestricted**
**Funds**
**£**
Esmée Fairbairn Foundation
84,000
Garfield Weston Foundation
-
John Armitage Charitable Trust
30,000
John Ellerman Foundation
30,000
Paul Hamlyn Foundation
-
The Tudor Trust
-
Westminster Foundation (see also note 3)
-
Job retention scheme grants
4,561
Other donations
1,775
150,336|**Restricted**
**Funds**
**£**
60,000
10,000
-
-
30,000
32,000
53,578
-
5,869|**2021**
**£**
144,000
10,000
30,000
30,000
30,000
32,000
53,578
4,561
7,644|**2020**
**£**
60,000
20,000
-
30,000
30,000
50,000
29,368
-
14,221|
|---|---|---|---|---|
||150,336|191,447|341,783|233,589|
The donations and legacies in 2020, totalling £233,589, were attributed £32,631 to unrestricted funds and £200,957 to restricted funds.
## **3. INCOME FROM CHARITABLE ACTIVITIES**
|**Unrestricted**
**Funds**
**_Training, Employment and Health:_**
**£**
_Grants and service level agreements:_
Big Lottery Fund Grant: Reaching Communities
-
City of Westminster Charitable Trust
-
Grenfell Young People's fund
-
The Kensington & Chelsea Foundation
-
Ladbrokes Fund
-
Royal Borough of Kensington & Chelsea: Ventoring
-
Women and Girls Network
-
Young Westminster Foundation
-
-|**Restricted**
**Funds**
**£**
81,961
6,250
14,990
10,000
-
-
-
102,415
215,616|**2021**
**2020**
**£**
**£**
81,961
82,714
6,250
6,250
14,990
15,000
10,000
10,000
-
10,000
-
42,046
-
3,500
102,415
44,841
215,616
214,351|
|---|---|---|
**18**
## **FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **3. INCOME FROM CHARITABLE ACTIVITIES (Cont/d)**
|**Unrestricted**
**Funds**
**£**
_Totals Brought forward:_
-
**_Fathers' Development:_**
_Grants and service level agreements:_
Groundwork: London Community Response Fund
-
London Borough of Lewisham
-
London Borough of Southwark
-
Pre-School Learning Alliance
-
Rayne Foundation
-
Westminster City Council
-
Training and other income
7,908
7,908
**_Boys' Development:_**
_Grants and service level agreements:_
Alan & Babette Sainsbury Charitable Fund
**-**
Gipsy Hill Federation
**-**
Grove Trust
**-**
Paul Hamlyn Foundation
**-**
Royal Borough of Kensington & Chelsea
**-**
St John Bosco College
**-**
The Henry Smith Charity
**-**
United St Saviours Charity
**-**
West London Zone
7,920
Windmill Cluster of Schools
-
Other grants and contracts < £5,001
100
8,020
**_Youth Development and Training:_**
_Grants and service level agreements:_
BBC Children in Need
Groundwork: London Community Response Fund
-
London Borough of Westminster
St Giles & St George Education Charity
Westminster Amalgamated Charity
Westminster City Council Community Development
64,533
Westminster Foundation
Young Westminster Foundation
Other grants and donations < £5,001
64,533
**_Organisational Development:_**
_Grants and service level agreements:_
Global Fund for Children
-
Westminster Foundation: London Community Response
-
-
**_Resources:_**
Resources sales
412
412
**Total income from charitable activities**
80,873|**Unrestricted**
**Funds**
**£**
_Totals Brought forward:_
-
**_Fathers' Development:_**
_Grants and service level agreements:_
Groundwork: London Community Response Fund
-
London Borough of Lewisham
-
London Borough of Southwark
-
Pre-School Learning Alliance
-
Rayne Foundation
-
Westminster City Council
-
Training and other income
7,908
7,908
**_Boys' Development:_**
_Grants and service level agreements:_
Alan & Babette Sainsbury Charitable Fund
**-**
Gipsy Hill Federation
**-**
Grove Trust
**-**
Paul Hamlyn Foundation
**-**
Royal Borough of Kensington & Chelsea
**-**
St John Bosco College
**-**
The Henry Smith Charity
**-**
United St Saviours Charity
**-**
West London Zone
7,920
Windmill Cluster of Schools
-
Other grants and contracts < £5,001
100
8,020
**_Youth Development and Training:_**
_Grants and service level agreements:_
BBC Children in Need
Groundwork: London Community Response Fund
-
London Borough of Westminster
St Giles & St George Education Charity
Westminster Amalgamated Charity
Westminster City Council Community Development
64,533
Westminster Foundation
Young Westminster Foundation
Other grants and donations < £5,001
64,533
**_Organisational Development:_**
_Grants and service level agreements:_
Global Fund for Children
-
Westminster Foundation: London Community Response
-
-
**_Resources:_**
Resources sales
412
412
**Total income from charitable activities**
80,873|**Restricted**
**Funds**
**£**|**2021**
**2020**
**£**
**£**
215,616
214,351
22,686
-
72,375
70,500
16,000
16,000
6,555
-
20,000
-
30,337
30,337
13,288
9,740
181,241
126,577
5,000
5,000
48,668
47,668
15,000
23,500
20,000
-
55,707
9,534
10,000
-
54,400
52,900
10,000
20,000
7,920
9,480
13,200
-
5,100
-
244,995
168,082
46,308
34,497
16,074
-
120,149
84,375
15,000
-
-
10,000
68,533
86,881
50,000
35,000
17,400
-
5,020
7,576
338,484
258,329
28,000
-
19,400
-
47,400
-
412
34
412
34
1,028,148
767,372|
|---|---|---|---|
||-|215,616||
||-
-
-
-
-
-
7,908|22,686
72,375
16,000
6,555
20,000
30,337
5,380||
||7,908|173,333||
||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
7,920
-
100|5,000
48,668
15,000
20,000
55,707
10,000
54,400
10,000
-
13,200
5,000||
||8,020|236,975||
||-
64,533|46,308
16,074
120,149
15,000
-
4,000
50,000
17,400
5,020||
||64,533|273,951||
||-
-|28,000
19,400||
||-|47,400||
|||||
||412|-||
||412|-||
||80,873|947,275||
The income from charitable activities in 2020, totalling £767,372, was attributed £97,937 to unrestricted funds and £669,435 to restricted funds.
**19**
## **FUTURE MEN**
## **(A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **4. ANALYSIS OF EXPENDITURE**
|Direct staff costs
Direct project costs
Advertising and promotion costs
Costs of generating raising funds
Support costs (Note 5)
Governance costs (Note 5)|**Cost of**
**Raising**
**funds**
**£**
9,700
-
-
397
3,893
68
14,058|**Youth**
**Community**
**Fathers'**
**Boys' Development**
**Outreach Development Development**
**& Training**
**£**
**£**
**£**
**£**
191,862
90,584
187,615
174,349
7,872
22,909
6,028
18,817
-
-
-
-
-
-
-
-
76,992
43,748
74,644
74,460
1,354
769
1,312
1,309
278,080
158,010
269,599
268,935|**Community**
**Development**
**£**
4,615
8,714
-
-
5,137
90
18,556|**Resource**
**sales**
**£**
212
92
-
-
119
3
426|**2021**
**2020**
**£**
**£**
658,937
615,727
64,432
68,882
-
-
397
1,192
278,993
267,267
4,905
4,918
1,007,664
957,986|
|---|---|---|---|---|---|
Of the £1,007,664 expenditure in 2021 (2020: £957,986), £101,889 was charged to unrestricted funds (2020: £108,446) and £905,775 to restricted funds (2020: £849,540).
**20**
**FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **5. ANALYSIS OF SUPPORT AND GOVENANCE COSTS**
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between the charity’s key activities undertaken (see note 4) in the year. All the general support and governance costs have been apportioned to the various charitable activities proportional to direct project expenditure.
|Management, Finance & Admin staff costs
Communication costs
Information Technology
Premises costs
Insurance
Legal and professional costs
Sundry expenses
Depreciation
Trustees' expenses
Auditor's remuneration|**General**
**support**
**£**
221,898
5,139
5,715
25,862
2,310
3,648
13,436
985
-
-
278,993|**Governance**
**function**
**£**
-
-
-
-
-
-
-
-
-
4,905
4,905|**2021**
**£**
221,898
5,139
5,715
25,862
2,310
3,648
13,436
985
-
4,905
283,898|**2020**
**£**
189,103
10,718
13,008
36,465
1,953
3,815
12,123
82
13
4,905|
|---|---|---|---|---|
|||||272,185|
## **6. NET INCOMING RESOURCES**
|Net incoming resources is shown after charging:
Depreciation of tangible fixed assets owned by the charity
Auditor’s remuneration – year end accounts
Operating lease rentals|**2021**
**2020**
**£**
**£**
985
82
4,905
4,905
20,393
31,409|
|---|---|
## **7. ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES, AND COST OF KEY MANAGEMENT PERSONNEL**
|**MANAGEMENT PERSONNEL**|||
|---|---|---|
|Salaries
National Insurance
Pension
Redundancy|**2021**
**£**
781,563
68,294
27,903
3,075
880,835|**2020**
**£**
714,910
61,471
23,724
4,725|
|||804,830|
There was 1 employee who earned in excess of £60,000 in the year (2020: no employees).
None of the Trustees received any remuneration during the year (2020: £nil) and no expenses were reimbursed (2020: £nil).
The key management personnel of the charity comprise the Chief Executive Officer, Operations Director and Finance Director. The total wages and pensions of the key management personnel of the charity were £143,880 (2020 - £135,240).
**21**
## **FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **8. STAFF NUMBERS**
The average monthly head count was 32 staff (2020: 34) and the average monthly number of full-time equivalent employees (including sessional and part-time staff) during the year were as follows:
## **9.**
|Management
Community Outreach
Fathers’ Development
Boys’ Development
Youth Development and Training
Administrative work
**TANGIBLE FIXED ASSETS**|**2021**
**Number**
3
6
2
6
6
2
25|**2020**
**Number**
3
5
2
4
7
2|
|---|---|---|
|||23|
||||
|**COST**
As at 1st April 2020
Additions during year
Disposals
As at 31st March 2021
**DEPRECIATION**
As at 1st April 2020
Charge for the year
Disposals
As at 31st March 2021
**NET BOOK VALUES**
As at 31st March 2021
As at 31st March 2020
**10.**
**DEBTORS**
Grant, contract and fee income receivable
Other debtors
Prepayments
**11.**
**CREDITORS: amounts falling due within one year**
Trade creditors
Social security and other taxes
Other creditors
Accruals
Deferred income (note 17)|**Furniture &**
**Equipment**
**£**
47,387
-
(2,804)
44,583
44,514
985
(2,804)
42,695
1,888
2,873
**2021**
**£**
53,237
2,654
8,591
64,482
**2021**
**£**
7,270
19,823
6,416
16,805
5,274
55,588|**Total**
**£**
47,387
-
(2,804)|
|---|---|---|
|||44,583|
|||44,514
985
(2,804)|
|||42,695|
|||1,888|
|||2,873|
|||**2020**
**£**
59,110
978
7,149|
|||67,237|
|||**2020**
**£**
5,014
16,975
6,038
11,876
16,167|
|||56,070|
**22**
## **FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **12. MOVEMENT IN FUNDS**
|**.**
**MOVEMENT IN FUNDS**||||||
|---|---|---|---|---|---|
|**RESTRICTED FUNDS:**
_Voluntary income:_
Esmée Fairbairn Foundation
Garfield Weston Foundation
Paul Hamlyn Foundation
The Tudor Trust
Westminster Foundation
_Community Outreach:_
Big Lottery Fund Grant: Reaching Communities
Grenfell Young People's Fund
The Kensington & Chelsea Foundation
The Liam Seagar Memorial Fund
Royal Borough of Kensington & Chelsea
Westminster Outreach
Young Westminster Foundation
Other grant income < £5,001
Donations < £5,001
_Fathers' Development:_
Groundwork: London Community Response Fund
London Borough of Lewisham
London Borough of Southwark
Pre-School Learning Alliance
Rayne Foundation
Westminster City Council: Fathers for Futures
Other grant income < £5,001
Donations
_Boys' Development:_
Alan & Babette Sainsbury Charitable Fund
Gipsy Hill Federation
Grove Trust
Paul Hamlyn Foundation
Royal Borough of Kensington & Chelsea
St John Bosco College
The Henry Smith Charity
United St Saviours Charity
Walcot Foundation
Windmill Cluster of Schools
Other grants and contracts < £5,001
_Youth Development and Training:_
BBC Children in Need
Groundwork: London Community Response Fund
London Borough of Westminster
St Giles & St George Education Charity
Westminster Amalgamated Charity
Westminster City Council Community Development
Westminster Foundation
Other grant income < £5,001
Donations and sale of fixed assets
_Organisational Development:_
Global Fund for Children
Westminster Foundation (London Funders)
Total restricted funds
**UNRESTRICTED FUNDS**
General funds
Designated fund
Total unrestricted funds
Total funds|**Balance**
**01.04.20**
**£**
607
8,975
25,901
23,448
28,276
6,464
12,594
4,377
15,014
12,389
16,250
41,783
5,163
100
-
-
-
-
-
21,480
-
335
2,093
-
31,799
-
131
-
4,458
8,366
5,977
-
-
214
-
32,208
-
3,067
3,844
21,959
12,985
6,774
-
(4,510)|**Income**
**£**
60,000
10,000
30,000
32,000
53,578
81,961
14,990
10,000
5,521
22,283
6,250
119,815
-
-
22,686
72,375
16,000
6,555
20,000
30,337
5,380
148
5,000
48,668
15,000
20,000
33,424
10,000
54,400
10,000
-
13,200
5,000
46,308
16,074
120,149
15,000
-
4,000
50,000
5,020
200
28,000
19,400|**Expenditure Transfers**
**£**
**£**
60,607
-
18,975
-
24,955
-
26,577
-
29,056
-
53,723
-
15,225
-
9,663
14,634
-
28,318
-
22,500
102,539
-
-
-
-
-
14,253
-
57,071
-
16,000
-
6,555
-
4,671
-
19,657
-
103
-
(7)
-
5,041
-
43,214
-
21,524
-
5,965
-
19,947
-
10,000
-
50,206
-
18,366
-
5,977
-
9,816
-
5,000
-
38,037
-
12,168
-
89,947
-
-
-
-
-
53
-
8,501
50
-
200
-
21,798
-
14,890
-
905,775
-
101,889
(84,000)
-
84,000
101,889
-
1,007,664
-||**Balance**
**31.03.21**
**£**
-
-
30,946
28,871
52,798
34,702
12,359
4,714
5,901
6,354
-
59,059
5,163
100
8,433
15,304
-
-
15,329
32,160
5,277
490
2,052
5,454
25,275
14,035
13,608
-
8,652
-
-
3,384
-
8,485
3,906
62,410
15,000
3,067
7,791
63,458
17,955
6,774
6,202
-|
||352,520|1,138,722|
905,775|-|585,467|
||240,405
-|231,209
-|101,889
-|(84,000)
84,000|285,725
84,000|
||240,405|231,209|101,889|-|369,725|
||592,925|1,369,931|1,007,664|-|955,192|
**23**
**FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **12. MOVEMENT IN FUNDS (continued) Movement in funds for the previous year was as follows:**
|**RESTRICTED FUNDS:**
_Voluntary income:_
Esmée Fairbairn Foundation
Garfield Weston Foundation
Paul Hamlyn Foundation
The Tudor Trust
Westminster Foundation
_Community Outreach:_
Battersea Power Station Foundation
Big Lottery Fund Grant: Reaching Communities
Grenfell Young People's Fund
The Kensington & Chelsea Foundation
The Liam Seagar Memorial Fund
Royal Borough of Kensington & Chelsea
Wandsworth Council Grant Fund
Women and Girls Network
Westminster Outreach
Young Westminster Foundation
Other grant income < £5,001
Donations < £5,001
_Fathers' Development:_
London Borough of Lewisham
London Borough of Southwark
Westminster City Council: Fathers for Futures
Other grant income < £5,001
Donations
_Boys' Development:_
Alan & Babette Sainsbury Charitable Fund
Battersea Power Station Foundation
The Grove Trust
Royal Borough of Kensington & Chelsea
Gipsy Hill Federation
The Henry Smith Charity
United St Saviours Charity
Walcot Foundation
_Youth Development and Training:_
BBC Children in Need
City West Homes
John Lyon's Charity
Westminster Amalgamated Charity
Westminster City Council
Westminster Foundation
Other grant income < £5,001
Donations and sale of fixed assets
_Community Development:_
London Community Foundation: Covid-19
Donation: Future strategic Development
Total restricted funds
**UNRESTRICTED FUNDS**
General funds
Total unrestricted funds
Total funds|**Balance**
**01.04.19**
**£**
-
10,577
-
25,888
3,276
28,245
36,460
12,817
-
11,911
8,510
3,720
1,278
-
5,234
9,230
100
-
-
10,094
3,510
-
-
47,776
23,500
8,344
4,315
(600)
-
-
2,608
3,228
32,110
-
-
-
14,973
6,774
-
17,789|**Income**
**£**
60,000
20,000
30,000
50,000
29,368
-
82,714
15,000
10,000
11,153
42,046
-
3,500
16,250
44,841
-
-
70,500
16,000
30,337
-
436
5,000
-
23,500
9,534
-
52,900
20,000
47,668
34,497
9,198
-
10,000
84,375
35,000
6,576
-
-
-|**Expenditure **
**£**
59,393
21,602
4,099
52,440
4,368
28,245
112,710
15,223
5,623
8,050
38,167
3,720
1,615
-
8,292
7,230
-
70,500
16,000
18,951
3,510
101
2,907
47,776
15,201
17,747
4,315
47,842
11,634
41,691
36,891
8,582
32,110
6,934
52,167
13,042
8,564
-
4,510
17,789|**Transfers**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Balance**
**31.03.20**
**£**
607
8,975
25,901
23,448
28,276
-
6,464
12,594
4,377
15,014
12,389
-
3,163
16,250
41,783
2,000
100
-
-
21,480
-
335
2,093
-
31,799
131
-
4,458
8,366
5,977
214
3,844
-
3,067
32,208
21,959
12,985
6,774
(4,510)
-|
|---|---|---|---|---|---|
||331,667|870,393|
849,540|-|352,520|
||218,283|130,568|108,446|-|240,405|
||218,283|130,568|108,446|-|240,405|
||549,950|1,000,961|957,986|-|592,925|
**24**
**FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **12. MOVEMENT IN FUNDS (continued)**
## **Description, nature and purpose of restricted funds:**
## **Community Outreach: formerly Training, Employment and Health**
Restricted funds received for this outreach work fund our ‘Ventoring’ project in different locations around London which is a support programme for NEET (not in education, employment or training) boys and young men aged 13 to 25. The project engages these young men through street work and partnerships with other agencies and supports them into training and/or education.
## **Fathers’ Development**
In Lewisham and Southwark we deliver a range of support services to all fathers, especially young fathers and those from disadvantaged backgrounds. The aim is to support fathers take an active part in their children’s upbringing and development. We train and supports others, to develop ‘father friendly’ accessible services. The work in Westminster has developed and delivered a series of workshops titled ‘Fathers for Futures’.
## **Boys’ Development**
Restricted funds received for our Boys’ Development programme fund delivery to boys and young men at risk of school exclusion, criminal and/or antisocial behaviour and gang activity. This service is delivered often at transition between primary and secondary schools as well as to Year 8, 9 and 10 and mostly through schools. It aims to show boys and young men alternative communication strategies so that they do not use aggression to resolve conflict.
## **Youth Development and Training**
We deliver an estate based youth programme through two youth clubs. The programme provides structured activities, one to one support and holiday activities, with the aim of providing a safe space for young people to increase their opportunities and life chances, as well as divert them where necessary away from criminal activity. The project also, where appropriate, supports the parents and families of the young people attending. Restricted funds received for Youth work contribute to various aspects of running the club.
## **Community Development**
During the year we received funding towards investment in infrastructure in order to work remotely effectively and safely for our staff, as well as organisational development and support to enable programme changes to enable us to continue our work during the Covid-19 pandemic.
## **Staff and other core costs**
The Tudor Trust, Esmée Fairbairn Foundation and Paul Hamlyn Foundation grants are restricted to Senior Management and fundraising roles and support. The Garfield Weston grant is restricted to building capacity at Senior Management level over the 3 years from October 2017. The Westminster Foundation provide a grant towards the rent of our offices at 34, Grosvenor Gardens, and funding for core costs in support of our work.
Balances carried forward on restricted funds represent unspent funding and grants received in advance to be spent on project work in the next year.
## **Description, nature and purpose of unrestricted funds:**
**General funds:** General fund represents funds available to spend at the discretion of the Trustees after allowing for all designated funds.
**Designated funds:** Represents funds set aside by the Trustees in relation to unrestricted grants received towards the end of the year intended to cover core salary costs for the year ahead.
**25**
**FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **13. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS**
|**Unrestricted**
**Restricted**
**£**
**£**
Tangible fixed assets
1,888
-
Net current assets
283,837
585,467
285,725
585,467
**Analysis of fund balances between net assets for the previous year was as follows:**
**Unrestricted**
**Restricted**
**£**
**£**
Tangible fixed assets
2,873
-
Net current assets
237,532
352,520
240,405
352,520|**Total**
**£**
1,888
953,304|
|---|---|
||955,192|
||**Total**
**£**
2,873
590,052|
||592,925|
## **Analysis of fund balances between net assets for the previous year was as follows:**
|**14.**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING**|**RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOW FROM OPERATING**|
|---|---|---|---|
||**ACTIVITIES**|||
|||**2021**|**2020**|
|||**£**|**£**|
||Net movement in funds|362,267|42,975|
||Add back depreciation|985|82|
||(Increase) / decrease in debtors|2,755|111,931|
||Increase / (decrease) in creditors|(482)|(26,128)|
||**Net cash inflow from operating activities**|365,525|128,860|
## **15. OPERATING LEASE COMMITMENTS**
The charity has operating lease commitments relating to its property rental as shown below.
||||**2021**||**2020**|
|---|---|---|---|---|---|
||||**£**||**£**|
|**Rent**||||||
|Within 1year|||9,871||8,040|
|Within 2 -5 years|||7,840||13,444|
|||||||
||||17,711||14,392|
|||||||
**26**
**FUTURE MEN (A company limited by guarantee) NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST MARCH 2021**
## **16. DEFERRED INCOME**
||**2021**||**2020**|
|---|---|---|---|
||**£**||**£**|
|||||
|Balance as at1stApril|16,167||33,369|
|Amountreleased toincomeinthe year|(14,509)||(20,517)|
|Amount deferredinthe year|3,616||3,315|
|||||
|Balance as at 31st March|5,274||16,167|
|||||
£5,274 of deferred income relates to payments in advance on contracts to deliver services in the following year (2020: £6,167), and £nil in relation to future periods of the grant received from Garfield Weston to be spread over the 3 year period starting from 1 October 2017 and ending in 30 September 2020 (2020: £10,000).
## **17.**
## **PENSION**
The pension cost charge represents contributions payable by the charity to the fund and amounted to £27,903 (2020: £23,724). Contributions totalling £4,455 (2020: £3,677) were payable to the fund at the year end and are included in creditors.
**27**