Company registration number 04886192 {England and Wale5)
Charity registration number 1118047 {England and Wales)
NEW FUTURES PROJECT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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NEW FUTURES PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
N Roscoe
V Holden Ichairl
P Mcmanus
R N8uku
G Carr
L Oavie
IAppointed 6 January 20251
Secretary
M E Brown
Country of incorporation
United Kingdom
IEngland and Wales)
04886192
Charity registration
England and Wales
1118047
Principal address
71 London Road
Leicester
LE2 OPE
Registered office
71 London Road
Leicester
LE2 OPE
Independent examiner
Thoma5 Mayfield BA FCA
Mayfield & Co (Accountants) Ltd
2 Merus Court
Meridian Business Park
Leicester
LE19 IRJ
Bankers
Unity Trust Bank PIC
Nine Brindley Place
Bimiingham
BI 2HB
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NEW FUTURES PROJECT
CONTENTS
Page
Trustees report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
10-20
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NEW FUTURES PROJECT
TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT)
FOR THE YEAR ENDED 31 MARCH2025
The trustees present their annual report and financial ststements for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply
with the charity's governing document. the Companies Act 2006 and "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 IFRS 1021" las amended for accounting periods commencing from l January 20161
Objectives and activities
"The preservation and protection of good health and the advancement of education of women, girls, men and boys in
Leicester, Leicestershire and Rutland who are involved in sexual exploitation, primarily but not exclusively through the
provision of street outreach, a drop-in facility and practical care and guidance. The advancement of public education
regarding prostitution and its impact on individuals and society-"
Public Benefit
We have referred to the guidance contained in the Charity Commission's general guidance on Public Benefit when reviewing
our aims and objectives, and in planning our future activities. The trustees have paid due regard to guidance issued by the
Charity Commission in deciding what activities the charity should undertake.
The charity believes it has provided a public benefit during the year. In the section of our report titled Achievements and
Performance, we aim to demonstrate how we have provided a public benefit. As a Board of Trustees, we take our role
seriously. The charity works extremely hard to make sure that it provides charitable services that are socially inclusive to our
service users.
Achievements and performance
It has been another challenging and exciting year at the New Futures Project. The crisis counselling service has continued to
develop, and we have recruited more volunteer counsellors. both qualified and trainee. to meet demand. The one-to-one
work with women presenting or being referred requiring prattical case work support continues to be busy. The Drop-ln work
ha5 also increased with more women attending the Drop-ln in a State of cri515. Managing the number and complexity of
referrals we have received continued to be our biggest challenge. We continue to strengthen our safeguarding policies and
procedures to take account of the additional risk the project is managing and this 15 working well. Crisis counselling hour5
continue to increase and most clients receiving crisis counselling also receive practical sUPPOrt giving them an effective and
holistic package of support. Young people's work continues to grow and develop.
We continue to monitor our direct services to ensure they are fully meeting the needs of the client group. The combination
of social work support alongside coun5elling has proved to be effertive in delivering a Successful recovery package for all
clients and this year we have improved how this 15 delivered in practice through better communication and systems.
This year has seen f(Jrther growth and development of our income streams with our low cost counselling service and
counselling course provision contributing to the charity's income stream.
Drop In and Crisis Work
Our Drop-ln continues to be busy. We provide a safe space for women to come in and relax. Our staff serve hot meals and
drinks and encourage women to discuss their problems. Our social work students work I'.1 with women in Drop In
addressing immediate need such as finding a hostel bed for the night, giving out food parcels, donations of clothing, bedding
and sleeping bags as well as supporting women to access benefits, deal with housing and tenancy issues, addressing
immediate health issues and making necessary medical appointments. Women attending Drop-ln can access clean injecting
equipment, condoms and care packages. We facilitate reporting to the police and National Ugly Mugs if the women feel
comfortable to do so and support women who have experienced instances of domestic, sexu31 and physical violence.
The increased level of complexity in the referrals we are receiving means that women are presenting in Drop -In with
multiple issues which typically include poverty and debt, housing i55ue5 and homelessness. drug and alcohol use and
immigration difficulties alongside trauma caused by historic and ongoing sexual abuse and exploitation.
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NEW FUTURES PROJECT
TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
We have noticed a significant increase in women accessing the projert who do not speak English as their primary language
and alongside this we are supporting more women who do not have recourse to public funds. Referra15 into our crisis service
continue to increase. An increase in referrals from other organi5ation5, including social services. GP'S, Turning Point. charities
and other mental health services, means that we are still processing referrals daily. We receive an average of ten referrals
per week, usually complex cases with extreme levels of abuse and violence. This year the charity supported 518 women and
girls who presented to the project in crisis
We are increasing the time we spend working with clients as they often present in acute mental health crisis. This is then
recurring whilst they are in service, due to the complexity of their mental health and their day-to-day living difficulties.
Although this is hugely time-consuming work, it is rewarding to see the results of the intense package of support we are
providing. The success of the work is borne out by the results of our Star assessments undertaken with clients. This year we
have recognized we need to improve our monitoring, and we have introduced new systems to achieve better and more
accurate data. However. the monitoring has continued to demonstrate significant improvement in all domains of the Star
outcomes, and we are satisfied that this evidences both the quality and quantity of the work we have undertaken.
Outreach
This year we have reduced the outreach service due to some internal and external fartors. There have been some issues
with increased policing in beat areas and the threat of prosecution and this along with changes in the way many of the street
sex workers are meeting clients has led to adaptations to the service.
We have restrurtured this service and intend to increase the number of outreach sessions back to previous levels during the
next year, targeting different geographical areas at different times.
Counselling Service
The counselling service continues to develop. We worked with 68 counsellors working face to face or remotely with clients
over the past 12 months, which increased the number of sessions we were able to deliver considerably. We are continuing to
build a team of more experienced counsellors who can work with our more complex clients. We continued to develop our
programme of specialist training for our in-house counsellors and as a result the counselling team report being more
confident in working with sexual trauma, abuse and exploitation. Our induction process has improved with more counsellors
gaining experience of our crisis, drop-in and outreach services which have meant more cohesive working between
counsellor5 and key workers Wlthin the service. We have further developed our assessment. allocations and waiting list
protocols which have become more efficient and effective.
Work with Young People
We have effectively engaged with and consistently worked with 170 young people this year, which has stayed conslstent
since last year,. all continue to show positive outcomes through a combination of counselling and key worker support for
practical needs. Our monitoring continues to demonstrate we are most successful in supporting young people to feel safer.
to increase their self-esteem and to improve their mental health. This has been evidenced through Star Assessments
completed by u5, case recording5 of individual sessions and from report5 from other professionals such a5 50cial workers.
accommodation providers, teachers, drug worker5 and the police. A lot of the work with young people in I'.1 session5 and
counselling is about repairing 'damage' and trying to reinforce the understanding that the individual is not to blame for the
abuse and trauma they have experienced.
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NEW FUTURES PROJECT
TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Multi-agency work
The local drug and alcohol service, Turning Point have maintained their se55ion5 in the building and have continued to be
able to support our most vulnerable client5 by getting them scripted and then maintaining that script. Thi5 is an excellent
example of how sustained partnership working can achieve good outcomes, even for our m05t complex clients who find
engaging with support hugely problematic.
Probation workers continue to regularly meet with clients in our building as do social workers, staff from Changing Futures,
domestic abuse services, police, etc. We continue to partnership work with many organisations and agencies on a day-to-day
and multi- agency basis.
Publicity
Our Friends of New Futures newsletter continues to develop and we are continuing to build a stronger social media
presence. Our website is much improved and gives a better reflertion of the work and achievements of the charity.
Monitoring and Reports
The introduction of Oasis, our cloud based case recording and monitoring system changed the way the charity works,
especially in relation to safeguarding and we continue to see additional benefits every year. Although the system is
expensive in terms of individual users needing licences to use it. the reports we can produce prove the quantity and quality
of the work we are undertaking. We have identified some ways we can standardize and improve our monitoring to alleviate
some of the gaps in data we are currently experiencing.
Client participation and ownership
This remains a priority and each year we conduct surveys of the client group to see what services they would like us to
develop. Our intention is that we continue to develop new areas of work, co-produced with the client group and this year we
have been partially successful in our attempts to gain funding for an additional development of work for our most 'at risk.
clients e.g. those who self-harm, experience psychosis and suicidal thoughts. We will continue to look for funders to support
our work in the next financial year.
Challenges
The housing crisis continues to have a huge impact in Leicester. Over the last few years it has become apparent that the
current housing system is not fit for purpose and each year the situation Eets more difficult.
The long-term impact of Covid 19 and the extended local lockdown5 on the mental health of women and girls, particularly in
the city is still apparent in both the number and the complexity of the referrals we continued to receive. Mental health
services continue to struggle with high waiting lists for counselling. Many clients state they have waited months or years for
counselling prior to being referred to us and this is obviously hugely concerning.
The cost of living continues to be an i55ve: we are Seeing increasing numbers of people in Significant debt who cannot afford
to pay household bills or provide food ft)r their families. The effect of these i55ues does increase the workload for charities
such as ourselves because the time it takes to unpick and provide resolution to 155ues such as debt, rent arrear5, lack of
housing, etc.
Again, there has been an increase in people self-referring who are homeless and those who are requiring support around
immigration and status. Again. this is hugely time-consuming area of work and is complicated by clients not having English as
a second language.
Along with the increase in complexity, there has also been an increase in the numbers of women being referred and self-
referring to us, most in significant crisis. We have continued to make applications for additional funding to cope with this
increase in demand.
The project's major challenge continues to be funding. All major funders are reporting an increase in applications and being so
reliant on grant funding means this is a real concern for us.
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NEW FUTURES PROJECT
TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Our plans to increase our earned income continue to develop as we believe this is a real necessity ft)r the charity to remain
Sustainable in the future. Our low-cost counselling service and CPCAB counselling training are developing and thi5 year are
beginning to contribute to the income of the charity-
The most exciting news of the year is that we learned in November 2024 that our application to Reaching Communities had
been successful and we were awarded a grant of over £600K payable over the next four years. This has given the charity a
degree of stability and security which has been much needed.
Financial review
The Board of Trustees recognise that for several years the charity has been operating in an extremely challenging set of
circumstances with the austerity cuts that have taken place in recent times. as a whole, impacting greatly on New Future
Project and so ultimately our service users. These financial constraints imposed upon us over a number of years have
impacted the charity and as a result of this has limited the scope of 5ervice5 we have been able to provide. In addition the
uncertainty created by the Covid-19 pandemic has an impact on our financial well being. With the award from the lottery.
we feel we have gained an opportunity to continue to develop the charity's income streams with some of the pressure to
obtain additional funding lifted. We are very grateful for the help and support from our grants officer and everyone else at
Reaching Communities who have given our project such an opportunity-
Our Income Funds are split between the unrestricted funds. and restricted funds. The statement of financial activities on
page 8 summarises our position for the year. It shows a total income of £470,274 and expenditure of £472,976. This provides
an overall deficit of £2,702, This is largely due to timing differences on our restricted funds, detailed later. The timing
differences is mainly because of differences between when we receive income and when we spend it.
We started the year with total fund balances of £5,693 and had a deficit of £2,702 in the year which means we report in
credit funds to carry forward of £2,991 on our unrestricted funds.
Unrestrirted Funds
We started the year with fund balance5 of £5,693 on our unrestricted fund5 and report a deficit of £2,702 in the year which
leaves a balance to carry forward of £2,991. We received donations totalling £75,340 during the year. We continue to be
indebted to our monthly appeal and other donations.
Re5trirted Funds
In respect of the total funds received a significant proportion of the charity's income was derived from restricted funds. We
had some significant grant funding in the year which totalled £394,934 and had expenditure of £394,934 which meant the
restricted funds were fully spent, leaving fund balances carried forward at the year end of £nil.
We feel extremely fortunate to report we have 6 funders who support our work through restricted funds.
The National Lottery Reaching Communities Fund-several grants for projerts.
The Samworth Foundation
Garfield Weston Foundation
Lloyds Bank
George Ernest Ellis
NHS
All funding was spent during the year. The long term financial position of the charity is looking far more promising thanks to
the support of the above funders. The Board of Trustees are aware this funding will need to be supplemented in the future
by other sources of income to enable the charity to continue into the long-term.
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NEW FUTURES PROJECT
TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Reserves Policy
The charitable company'5 aim has alway5 been to hold at least Six months normal operational costs in reserves. Whi15t the
trustees wish to retain reserves of up to Six months °normal costs" they acknowledge the difficulty in generating sufficient
income in these challenging times and being able to maintain sufficient fund5.
As a result of an internal review the charity has changed the policy to a desirable position where they are able to hold free
reserves equivalent to three month's expenditure. for use to cover the work of the charity in the event that funding should
cease.
The trustees estimate normal ongoing annual costs to be between £300,000 and £400,000 per year. The trustees estimate
that reserves at a level of approximately £75,000 would ensure that, in the event of a SiEnificant drop in funding, the charity
would be able to continue the current attivities while consideration is given to ways in which additional funds may be raised.
Therefore, the trustees believe the charity is not in a position of comfort to deal with any short-term financing problems
resulting from a loss of funding because of the level of reserves currently held.
Due to the nature of the funding and the need to discharge our charitable activities we have been unable to retain the level
of reserves we desire but we are working towards that aim.
The charity had closing free reserves of £2,991 as at the 31 March 2025 down from £5,693 in 2024- all held in unrestricted
funds. We do not count the restrirted funds held as this has often occurred from 3 timing difference between receipt of
funds and expenditure.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to
mitigate exposure to the major risks.
The trustees have a risk management strategy which comprises= an annual review of the risks the charity may face,. the
establishment of systems and procedures to mitigate those risks identified in the plan; and the implementation of procedures
designed to minimise any potential impact on the charity should those risks materialise. This work has identified only a few
minor new risks but it has resulted in better emergency procedure5 and contingency plan5 and ha5 given the impetU5 for
better planning. Particular attention has focu55ed on non-financial risks arising from fire. health and safety and food hygiene.
A key element in the management of financial risk is the setting of a reserves policy and its regular review by trustees.
We will continue to approach funders to fund projects which significantly improve the lives of our clients, building on our
on5iderable success in this area of work and developing partnerships Wlth funder5 which are meaningful and support our
preferred direction and priorities.
Now that the future of the charity is more secure, our plans are to take advantage of our more independent statu5 and to
continue to develop the organisation to deliver services most appropriate to our service users.
Plans for future periods
The environment that we are working in is challenging and the effects of the pandemic are still being felt and will be for
many years to come. We will continue to adapt our service to meet our clients needs, which includes developing our
counselling and mental health services and broadening the scope of the charity services to all women who have experienced
sexual abuse and exploitation.
We will continue to research and develop appropriate ways in which the charity can generate income to le55en our impact
on grant income and increase our sustainability.
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NEW FUTURES PROJECT
TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Structure. governance and management
The New Futures Project Limited is a company limited by guarantee governed by its Memorandum and Articles of A550ciation
dated 3rd September 2003 and amended to allow for current governance arrangement on 25th November 2005.
It is registered as a charity with the Charity Commission.
The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date
of signature of the financial statements were..
N Roscoe
V Holden (Chairl
P Mcmanus
R Nguku
G Carr
L Davie
(Appointed 6January 20251
Membership of the Charity is open to any individual interested in promotinE the Objects who applies to the Charity in the
form required by the Trustees and is approved by the Trustees. has completed the prescribed training course, or is a
consultant member or a female beneficiary. signs the Register of members or consents in writing to become a member.
The board of trustees, which can have up to 15 members, administers the charity. The trustees form a management
committee that ensures the appropriate governance of the charity. They meet approximately every 6 weeks.
During the year the board welcome some external advisor5 to the management committee. We identified 3 consultants in
Gloria Carr, Paula Mcmanus, and Rose Nguku who will be invited to become trustees in the near future.
The management committee works closely with staff members.
All trustees, are elected by majority vote at the AGM. The trustees have the power to co-opt further members to fill
specialist roles. Co-opted members may vote only up to the next AGM, where they must face election. When considering co-
opting trustees, the Board has regard to the requirement for any specialist skills needed.
None of the trustees has any beneficial interest in the company.
The trustees report was approved by the Board of Trustees.
V Holden (Chairl
Trustee
16 January 2026
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NEW FUTURES PROJECT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NEW FUTURES PROJECT
I report to the trustees on my examination of the financial statements of New Futures Project Ithe charity) for the year ended
31 March 2025.
Responsibilities and basis of report
As the trustees of the charity land also its directors for the purposes of company lawl. you are responsible for the preparation
of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the
Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the charity's
financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed
the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011.
Independent examiner's statement
Since the charity's gross income exceeded £250.000. the independent examiner must be a member of a body listed in settion
145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of ICAEW,
which 15 one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination
giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by settion 386 of the Companies Act 2006.
the financial statements do not accord with those records,. or
the financial Statements do not comply with the accounting requirements of section 396 of the Companies Act 2006
other than any requirement that the financial statements give a true and fair view, which is not a matter considered as
part of an independent examination- or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial
statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Thomas Mayfield BA FCA
Mayfield & Co (Accountants) Ltd
2 Merus Court
Meridian Business Park
Leicester
LEI9 IRJ
16 January 2026
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NEW FUTURES PROJECT
STATEMENT OF FINANCIAL AcfiviTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrirted
funds
2025
Restrirted
funds
2025
Totsl
Unrestrirted
funds
2024
Restricted
fund5
2024
Totsl
2025
2024
Notes
Income from:
Donations and legacies
Other trading activities
75,340
394.934
470.274
9,386
35,000
343,689
353,075
35,000
Total income
75,340
394.934
470,274
44,386
343.689
388,075
Expenditure on:
Charitable activities
78,042
394.934
472.976
84,738
343,689
428,427
Total expenditure
78,042
394.934
472,976
84,738
343.689
428,427
Net expenditure and movement
in funds
12,702}
{2.7021
140,3521
140,3521
Reconciliation of funds:
Fund balances at l April 2024
5,693
5.693
46,045
46,045
Fund balance5 at 31 March 2025
2,991
2.991
5,693
5,693
The statement of financial attivities includes all gains and losses recognised in the year. All income and expenditure derive
from continuing activities.
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NEW FUTURES PROJECT
BALANCE SHEEr
AS AT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
li
3,300
3,300
Current assets
Debtors
Cash at bank and in hand
8,383
45,261
86,803
1,380
53,644
153,9531
88,183
185,7901
Creditors: amounts falling due within one year
14
Net current {liabilities)lassets
13091
2,393
Total assets less current liabilities
2,991
5,693
The funds ofthe charity
Unrestricted funds
16
2,991
5,693
2,991
5,693
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006. for
the year ended 31 March 2025. No member of the company has deposited a notice. pursuant to section 476, requiring an
audit of these financial statements.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect
to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small
companies regime.
The financial statements were approved by the trustees on 16 January 2026
RoTcoe
N Roscoe
Trustee
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NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH2025
Accounting policies
Charity information
New Futures Projert is a private company limited by guarantee incorporated in England and Wales. The registered office
is 71 London Road, Leicester, LE2 OPE.
1.1 Basis of preparation
The accounts have been prepared in accordance with the charity'5 governing document. the Companies Act 2006 and
"Accounting and Reporting by Charitie5= 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 IFRS 1021" la5
amended for accounting periods commencing from l January 20161. The charity is a Public Benefit Entity as defined by
FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to
prepare a Statement of Cash Flows.
The 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 £.
The financial statements have been prepared under the historical cost convention. Imodified to include the revaluation
of freehold properties and to include investment properties and certain financial instruments at fair valuel. The
principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity ha5
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt
the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subjert to specific conditions by donors or grantors as to how they may be used. The purposes and
uses of the restrirted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the
amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the
donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to
donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the
amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
10-
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NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it
is probable that a transfer of economic benefits will be required in settlement. and the amount of the obligation can be
measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Dirert Costs attributable to a single activity are allocated
directly to that activity. Shared costs which contribute to more than one artivity and support costs which are not
attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the
asset's use.
Expenditure is recogni5ed on an accrual basis as a liability 15 incurred. Expenditure includes any VAT which cannot be
fully recovered. and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for
fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services or its
beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature
necessary to support them.
Support costs are those costs incurred dirertly in support of expenditure on the objects of the charity and include
project management.
1.6 Tangible fixed a55etS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation
nd any impairment1055e5.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful
lives on the following bases..
Motor vehicles
33.3% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the
tarrying value of the asset, and is recognised in the statement of financial artivities.
1.7 lrnpairment of fixed a55ets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there
is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable
mount of the asset is estimated in order to determine the extent of the impairment1055 lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments
with original maturities of three months or less. and bank overdrafts. Bank overdraft5 are shown within borrowing5 in
current liabilities.
11
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Accounting policies
(Continued)
1.9 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 measures at their settlement value
with the exception of bank loans, which are subsequently measured at amortised cost using the effective interest
method.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefit5 are recognised immediately as an expense when the charity 15 demonstrably committed to
terminate the employment of an employee or to provide termination benefits.
1.11 Investment powers and policy
Under the Memorandum and Article5 of Associatiorb, the charity ha5 the power to invest in any way the trustees wish.
The trustees. having regard to the liquidity requirements of operating the charity and to the reserves policy have
operated a policy of keeping available funds in an interest bearing deposit account.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, 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.
Income from donations and legacies
Unrestricted
funds
2025
Restricted
funds
2025
Total
Unrestricted
funds
2024
Restricted
funds
2024
Totsl
2025
2024
Donations and gifts
Grants receivable
75,340
75,340
394,934
394.934
9,386
343.689
353,075
75,340
394.934
470,274
9,386
343,689
353,075
Donations and gifts
Other
75,340
75.340
75,340
75,340
12-
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Income from donations and legacies
(Continued)
Unrestricted
funds
2025
Restrirted
funds
2025
Total
Unrestricted
funds
2024
Restricted
funds
2024
Total
2025
2024
Grants receivable for core activities
NHS
Lloyds Bank
Children in Need
so.1￿)
25.￿
50,000
25.000
30,000
30,000
National Lottery- Reaching
Communities
Getting Help in
Neighbourhoods
Awards for All
Samworth Foundation
Garfield Weston Foundation
George Ernest Ellis
Weavers Benevolent Fund
Other
242.934
242.934
120.844
120,844
49,996
60,678
20.000
38.171
49,996
60,678
20,000
38,171
55.000
20.(KJO
55.000
20,000
2.000
24,000
24,000
9,386
9,386
394.934
394,934
9,386
343,689
353,075
Income from other trading activities
Unrestrirted
funds
2025
Unrestricted
funds
2024
Fundraising events
35,000
13-
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Expenditure on charitsble activities
Unrestricted
Restricted
charitable
charitsble
expenditure expenditure
2025
2025
Totsl
Unrestricted
Restricted
charitable
charitsble
expenditure expenditure
2024
2024
Totsl
2025
2024
Direct costs
Staff costs
Depreciation and
impairment
Staff training and expenses
Travel expenses
Rent and rates
Building repairs, equipment
repairs and cleaning
Light and heat
Insurance
Office equipment and
expenses
Miscellaneous expenses
External counselling
Drop in, hardship and prison
outreach expenses
8,371
317.588
325,959
61,095
210,854
271,949
3,600
3,600
9,496
26,066
18,872
17,114
23,719
19,506
17,114
23.719
19,506
9,496
26.066
16,985
1,887
30,955
7,880
30,955
7,880
3.664
5,987
3,123
1,61S
17,435
5,001
4.409
23,422
8,124
6,024
3.664
18,027
1,928
19.955
344
24.086
24,430
1,687
3,083
1,687
3,240
3,240
3,083
9,805
9,805
19,049
19,049
68,473
393,324
461.797
79,338
336.464
415,802
Share of support and governance costs (see note 6)
Governance
9,569
1,610
11,179
5,400
7,225
12,625
78,042
394,934
472.976
84,738
343,689
428,427
Analysis by fund
Unrestricted funds
Restricted funds
78,042
78,042
394,934
84,738
84,738
343,689
394,934
343,689
78,042
394,934
472.976
84,738
343.689
428,427
14-
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Support costs
Support costs Governance
costs
2025
2024
Staff costs
1.538
1.538
6,812
Independent examiner fees
Accountancy
Legal and professional
Software Costs
Bank charges
3.816
4.775
750
3,816
4,775
750
3,660
1,740
72
72
413
228
228
11.179
11,179
12,625
Analysed between
Charitable activities
11.179
11.179
12,625
Governance costs includes payments to the independent examiners of £3.66012024- £5,472) for examination fees.
Net movement in funds
2025
2024
The net movement in funds is stated after chargingllcreditingl=
Fees payable for the independent examination of the charity's financial statements
Depreciation of owned tangible fixed assets
3,816
3,660
3,600
Trustees
No trustee was remunerated for their services or were reimbursed any expenses.
Employee5
The average monthly number of employee5 duringthe year was=
2025
2024
Number
Number
Charitable activities
Governance costs
Total
15-
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Employees
(Continued)
Employment costs
2025
2024
Wages and salaries
327,497
278,761
No employee is allocated entirely to governance- an assessment of part of each employee's involvement in governance
has been used as the basis for determining the above apportionment of costs.
The number of employees whose annual remuneration was more than £60,000 is as
follows:
2025
Number
2024
Number
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2025
2024
Aggregate compensation
15.384
68,119
10 Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act
1988. Accordingly, there is no taxation charge in these accounts.
16-
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
11 Tangible fixed assets
Motor vehicles
Cost
At l April 2024
10,800
At 31 March 2025
10,800
Depreciation and impairment
At l April 2024
7,500
At 31 March 2025
7,500
Carrying amount
At 31 March 2025
3,300
At 31 March 2024
3,300
12
Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
38,171
12,096
36,536
6,763
1,620
8,383
86,803
Loans and overdrafts
2025
2024
Bank overdrafts
18
Payable within one year
18
17-
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
14 Creditors: amounts falling due within one year
2025
2024
Notes
Bank overdrafts
Other taxation and social security
Other creditors
Accruals and deferred income
13
18
32,456
16,757
4,740
15,670
60,987
9,115
53,953
85,790
15
Restrirted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to
specific conditions by donors as to how they may be used.
At l April 2024
Incoming
resources
Resources
expended
At 31 March
2025
NHS
50,000
242,934
55,000
25,000
20,000
2,000
150,0001
1242,9341
155,0001
125,0001
120,0001
12,0001
National Lottery- Reaching Communities
Samworth Foundation
Lloyds Bank
Garfield Weston Foundation
George Ernest Ellis
394,934
1394,9341
Previous year:
At l April 2023
Incoming
resources
Resource5
expended
At 31 March
2024
Children in Need
National Lottery- Reaching Communities
Samworth Foundation
Getting Help in Neighbourhoods
Awards for all
Weavers Benevolent Fund
30,000
120,844
20,000
49,996
60,678
24,000
38,171
130,0001
1120,8441
120,0001
149,9961
160,6781
124,0001
138,1711
Roi Baudouin
343,689
1343,6891
18-
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
16
Unrestrirted funds
The unrestricted funds of the charity include donations and grants from a variety of sources and they enable the charity
to pursue its general charitable activities:
At l April 2024
IncomTng
resources
Resources
expended
At 31 March
2025
General fund
5,693
75,340
178,0421
2,991
Previous year:
At l April 2023
Incoming
resources
Resources
expended
At 31 March
2024
General funds
46,045
44,386
184,7381
5,693
17
Analysis of net assets between funds
Unrestricted
funds
2025
At 31 March 2025:
Tangible assets
Current assets/lliabilitie51
3,300
13091
2,991
Unrestrirted
funds
2024
At 31 March 2024:
Tangible assets
Current assets/lliabilitiesl
3,300
2,393
5,693
19-
Document Rel.. TC6LM-8YLWX-LHROZ-BPBVF

NEW FUTURES PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH2025
Operating lease commitments
Lessee
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-
cancellable operating leases, which fall due as follows:
2025
2024
Within one year
Between two and five years
10,117
2,936
13,053
19 Company limited by guarantee
New Futures Project is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £10 to the
assets of the charitable company in the event of its being wound up while he or she is a member, or within one year
after he or she ceases to be a member.
-20-
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