Company registration number: 06907320 Charity registration number: 1132101
## FutureSense Foundation
(A company limited by guarantee)
Annual Report and Financial Statements for the Year Ended 31 August 2025
UHY Ross Brooke Dorcan Business Village Unit 16, Murdock Road Swindon Wiltshire SN3 5HY
## **FutureSense Foundation**
## **Contents**
|Trustees' Report|1 to 6|
|---|---|
|Independent Examiner's Report|7 to 8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 to 20|
## **FutureSense Foundation**
## **Trustees' Report**
## **Reference and Administrative Details**
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
|Trustees:|Mr A K Malhotra|
|---|---|
||Mrs P Malhotra|
||Mr S Battain|
|Chairman:|Mr A K Malhotra|
|Charity Registration Number:|1132101|
|Company Registration Number:|06907320|
|Registered Office:|Suite 5, The Old Town Hall|
||Market Place|
||Newbury|
||Berkshire|
||RG14 5AA|
|Independent Examiner:|UHY Ross Brooke|
||Dorcan Business Village|
||Unit 16, Murdock Road|
||Swindon|
||Wiltshire|
||SN3 5HY|
|Bankers:|Barclays|
||23-26 Parkway|
||Newbury|
||Berkshire|
||RG14 1AY|
Page 1
## **FutureSense Foundation**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and independent examiner's report of the charitable company for the year ended 31 August 2025.
## **Objectives and activities**
## _**Objects and aims**_
FutureSense Foundation works to empower rural, underserved communities around the world, so they can achieve their aspirations for a better future. We are committed to delivering on the UN Goals for Sustainable Development through long term programmes, delivered by in country teams and student groups, focusing on education, health and livelihood support.
## _**Public benefit**_
We deliver long-term programmes, focusing on education, health and livelihoods – areas we’ve chosen in response to pressing global development challenges where we believe we can make the greatest impact. We deliver interactive workshops to our schools and communities to raise awareness on key topics in our focus areas and inspire children to pursue their aspirations. Throughout all our initiatives, we prioritize gender equality and climate action as cross-cutting themes, ensuring they are integrated into every aspect of our work. In addition to our core initiatives, we collaborate with local hospitals to set up pop-up clinics and conduct health assessments, and offer targeted infrastructure support where it is most needed.
We believe that the way we make an impact is unique. Our programmes are developed in collaboration with trusted local partners, ensuring they’re rooted in real needs and cultural understanding.
Working in partnership with our student groups, this allows us to keep our overheads low as they help deliver the programmes we have structured, rather than costly external staff. Our student groups play a significant role not only in delivering our programmes but also in helping us continue to develop new capabilities and even monitor and evaluate the impact we are having in the communities we support.
The long-term development that occurs is both in-line with the UN Sustainable Development Goals as defined for each country and addressing the needs of the local community.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
## **FutureSense Foundation**
## **Trustees' Report**
## **Achievements and performance**
During the year, FutureSense Foundation continued to make a meaningful difference to underserved rural communities across our seven country programmes by delivering long-term, sustainable interventions in education, health, and livelihoods.
Our teams worked closely with local partners and community stakeholders to ensure that programmes remained responsive to local needs while aligned with the United Nations Sustainable Development Goals (UN SDGs).
Key achievements included:
• Education: Delivery of interactive workshops in schools covering key topics such as literacy, numeracy, climate awareness, STEAM, and gender equality. Many workshops were co-designed with local educators to ensure cultural and linguistic relevance. Notable initiatives included a pilot school food programme with one partner school, providing learners with a nutritious meal three times per week to support learning and wellbeing.
• Health: Supported local hospitals by organising pop-up clinics and conducting community health assessments, particularly focused on nutrition, hygiene, and maternal health. An example includes our audiology and optometry programme in Thailand and Cambodia, where we provided eye and ear screenings to over 700 beneficiaries. Through a fundraising initiative 20 children, 6 teachers received corrective glasses, and 8 elderly members received free cataract surgery, improving access to vision care and supporting improved learning outcomes and classroom participation.
• Livelihoods: Facilitated training and mentoring sessions aimed at increasing economic opportunities for young adults and with a focus on practical and sustainable skills. One notable achievement was funding the refurbishment of a school entrance in Peru to contribute a more welcoming and secure environment. We also run a financial literacy programme in Nepal equipping women with the skills and confidence to manage finances, grow small businesses, and achieve greater economic independence.
• Climate Action: Undertook environmental initiatives including tree planting and community clean up activities, alongside the delivery of workshops focused on sustainable behaviours and climate awareness. Vegetable gardens were established in our partner schools to support improved nutrition and contribute to school lunch programmes.
• Gender equality: Gender equality was embedded across all programme areas, ensuring girls had equal access to education, health, and livelihood opportunities. Emphasis was placed on menstrual health education and access, leading to continued participation in school, improving dignity, health, and equality for young girls.
Our approach remained distinctive: we harnessed the enthusiasm and capability of student groups who contributed to programme delivery, monitoring and evaluation, and even helped pilot new initiatives. This model allowed us to maintain low overhead costs, whilst building lasting local capacity.
We also took care to embed gender equality and climate action as cross-cutting priorities in all of our programme design and delivery, ensuring that our impact went beyond immediate outcomes to support long-term systemic change.
Page 3
## **FutureSense Foundation**
## **Trustees' Report**
## **Financial review**
The Foundation’s financial income increased over the year, despite continued global economic uncertainty affecting donor patterns and overseas operations.
Total income for the year amounted to £524,479, primarily from student-led group contributions, grants, and individual donations. £144,110 of this was donated by FutureSense Travel Services Limited. £90,718 of this amount had previously been provided to FutureSense Foundation but as a loan.
Expenditure totalled £428,161 the majority of which was spent directly on charitable activities across our international programme areas. The Trustees consider the level of expenditure was necessary in order to progress projects and operations.
The trustees are looking to secure extra funding for the future to bring the charity back into surplus, without reducing expenditure. This year the charity has managed to reduce the deficit down by £96,318.
As at 31 August 2023 the cumulative overspend was £100,202 and there was a further overspend in the year to 31 August 2024 of £43,055. This led to a deficit in funds of £143,257 at 31 August 2024. This was reduced to £46,939 by 31 August 2025.
During the year the foundation received some restricted funds totalling £18,302, After expenses of £11,074 the balances remaining in the restricted funds were as follows:
SEC Food Programme £509 Toilet Blocks for USA River £5,394 Glasses in Cambodia £1,325
Total £7,228
The trustees are closely monitoring inflationary pressures, foreign exchange volatility, and travel-related risks, and have implemented prudent cost controls and scenario planning to ensure continued resilience.
## _**Policy on reserves**_
The charity reserves are currently still in deficit. However, the cumulative deficit reduced by £96,318 in the year to 31 August 2025 and the trustees are continuing to look to address the remaining deficit.
The deficit at the year ended 31 August 2025 was £46,939 (2024 - £143,257).
## **Going concern**
The previous long-term loan of £90,178 from FutureSense Travel Services Limited was permanently donated in the year. The charity is also supported with a £30,064 loan from Barclays Bank as at 31 August 2025.
## **Structure, governance and management**
## _**Nature of governing document**_
The FutureSense Foundation was officially registered on 15 May 2009 at Companies House and The Charity Commission. The Charity was constituted as a company limited by guarantee and is governed by Memorandum and Articles of Association dated 15 May 2009 as amended by resolution dated 21 September 2009.
The Trustees are directors for the purpose of company law. In the event of the company being wound down, members are required to contribute and amount not exceeding £1.
Page 4
## **FutureSense Foundation**
## **Trustees' Report**
## _**Organisational structure**_
The charity is overseen by a Board of Trustees, who are responsible for setting the strategic direction, ensuring compliance with legal and regulatory obligations, and monitoring performance and risk. Trustees are appointed in accordance with the charity’s governing document, and induction is provided to all new trustees, including guidance on their duties and responsibilities under the Charities Act.
Day-to-day operations are delegated to a core management team based in the UK and overseas, supported by in-country staff and volunteers. The operational structure is designed to maximise impact and minimise administrative burden, with a high reliance on partnerships with local organisations and the involvement of student groups in programme delivery.
The Foundation’s governance framework includes regular trustee meetings, risk and compliance reviews, and ongoing evaluation of programme outcomes. Risk management is embedded into operational planning, with specific attention paid to safeguarding, financial controls, overseas partner due diligence, and reputational risks associated with volunteer engagement.
The trustees have reviewed and continue to have regard to the Charity Commission’s guidance on public benefit, as well as sector-specific guidance on international aid and development practices.
Page 5
## **FutureSense Foundation**
## **Trustees' Report**
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of FutureSense Foundation for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees 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 charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr A K Malhotra Chairman and trustee
Page 6
## **FutureSense Foundation**
## **Independent Examiner's Report to the trustees of FutureSense Foundation ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is 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:
1. accounting records were not kept in respect of FutureSense Foundation as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
• The invoices and similar source documents relating to the overseas costs are held overseas and were not able to be viewed as part of the independent examination.
• The trustees however maintained a transactional breakdown of the overseas income and expenses which has been reviewed together with the summary information and this supports the figures as presented in the accounts. • The expenses are all in line with the charitable activities undertaken.
- A bank statement was not available to confirm a balance of £1,119 held with Enthuse bank.
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 accounts to be reached.
Page 7
## **FutureSense Foundation**
## **Independent Examiner's Report to the trustees of FutureSense Foundation ('the Company')**
...................................... Kerry Hawkins, FCCA, UHY Ross Brooke Dorcan Business Village Unit 16, Murdock Road Swindon Wiltshire SN3 5HY Date:.............................
Page 8
## **FutureSense Foundation**
## **Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Total income
**Expenditure on:**
Allocated support costs
Other governance costs
Fundraising
5
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14
**Income and Endowments from:**
Donations and legacies
Total income
**Expenditure on:**
Allocated support costs
Other governance costs
Fundraising
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
506,177
506,177
(375,936)
(12,195)
(28,956)
(417,087)
89,090
89,090
(143,257)
(54,167)
**Note**
3
5
14|**Restricted**
**funds**
**£**
18,302
18,302
(11,074)
-
-
(11,074)
7,228
7,228
-
7,228
**Unrestricted**
**funds**
**£**
352,712
352,712
(379,153)
(17,149)
535
(395,767)
(43,055)
(43,055)
(100,202)
(143,257)|**Total**
**2025**
**£**
524,479|
|---|---|---|---|
||||524,479|
||||(387,010)
(12,195)
(28,956)|
||||(428,161)|
||||96,318|
||||96,318
(143,257)|
||||(46,939)|
||||**Total**
**2024**
**£**
352,712|
||||352,712|
||||(379,153)
(17,149)
535|
||||(395,767)|
||||(43,055)|
||||(43,055)
(100,202)|
||||(143,257)|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14.
The notes on pages 11 to 20 form an integral part of these financial statements. Page 9
## **FutureSense Foundation**
## **(Registration number: 06907320) Balance Sheet as at 31 August 2025**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
12
**Net current liabilities**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
13
**Net liabilities**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2025**
**£**
1,411
210
5,887
6,097
(30,887)
(24,790)
(23,379)
(23,560)
(46,939)
7,228
(54,167)
(46,939)|**2024**
**£**
1,524
-
2,022|
|---|---|---|
|||2,022
(26,593)|
|||(24,571)|
|||(23,047)
(120,210)|
|||(143,257)|
|||-
(143,257)|
|||(143,257)|
For the financial year ending 31 August 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 9 to 20 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr A K Malhotra Chairman and trustee
The notes on pages 11 to 20 form an integral part of these financial statements. Page 10
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Suite 5, The Old Town Hall Market Place Newbury Berkshire RG14 5AA
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
FutureSense Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. The charity is being supported by a £30,064 loan from Barclays Bank as at 31 August 2025.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 11
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for 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**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £250.00 or more are initially recorded at cost.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class** Furniture and equipment
**Depreciation method and rate** 20% Reducing balance
Page 12
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Page 13
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
## **Foreign exchange**
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:
1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);
2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and
3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **3 Income from donations and legacies**
|Donations and legacies;
Grant - Challenge Abroad & FutureSense Travel
Donations from schools, colleges and other
donations
Gift aid reclaimed
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
379,951
114,316
11,910
506,177
352,712|**Restricted**
**funds**
**£**
-
18,302
-
18,302
-|**Total**
**funds**
**£**
379,951
132,618
11,910|
|---|---|---|---|
||||524,479|
||||352,712|
Page 14
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
## **4 Expenditure on charitable activities**
|**Note**
Marketing
Pension admin charges
Foreign currency (gains)/losses
Wages and salaries
Recruitment and Training
Insurance
SEC
Overseas hub - office costs
Overseas hub - office costs
Office expenses
Printing, postage and stationery
Trade subscriptions
Travel and subsistence
Legal and professional fees
Depreciation of office equipment|**Unrestricted**
**funds**
**General**
**£**
3,492
84
144
252,082
1,505
453
38,834
-
61,653
1,035
219
1,235
13,747
1,100
353
375,936|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
11,074
-
-
-
-
-
-
-
11,074|**Total**
**2025**
**£**
3,492
84
144
252,082
1,505
453
38,834
11,074
61,653
1,035
219
1,235
13,747
1,100
353|
|---|---|---|---|
||||387,010|
The above Charitable activities have been split into the following areas during the year:
Education initiatives - £270,908 Health - £96,752 Livelihood support - £19,350
## Total £387,010
Page 15
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
|**Note**
Marketing
Pension admin charges
Foreign currency (gains)/losses
Wages and salaries
Project costs
Recruitment and Training
Insurance
SEC
Overseas hub - office costs
Office expenses
Trade subscriptions
Travel and subsistence
Legal and professional fees
Depreciation of office equipment|**Unrestricted**
**funds**
**General**
**£**
4,887
331
9
257,748
3,263
31,430
435
35,724
36,756
654
643
6,843
50
380
379,153|**Total**
**2024**
**£**
4,887
331
9
257,748
3,263
31,430
435
35,724
36,756
654
643
6,843
50
380|
|---|---|---|
|||379,153|
The above Charitable activities have been split into the following areas during the year:
Education initiatives - £265,407 Health - £94,788 Livelihood support - £18,958
## Total £379,153
## **5 Fundraising**
|Fundraising support
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
28,956
28,956
(535)|**Total**
**funds**
**£**
28,956|
|---|---|---|
|||28,956|
|||(535)|
Page 16
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
## **6 Analysis of governance and support costs**
## **Governance costs**
|Advertising and recruitment
Accountancy fees
Bank charges
Loan interest
**Total for 2025**
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
(35)
5,236
6,158
836
12,195
17,149|**Total**
**funds**
**£**
(35)
5,236
6,158
836|
|---|---|---|
|||12,195|
|||17,149|
Fees relating to the Independent Examiner were £5,236 in 2025 and £2,100 in 2024.
## **7 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
## **8 Staff costs**
The monthly average number of persons (including trustees, senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2025**||**2024**||
|---|---|---|---|---|
||**No**||**No**||
|Number of staff||1||5|
No employee received emoluments of more than £60,000 during the year.
## **9 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 17
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
## **10 Tangible fixed assets**
|**Cost**
At 1 September 2024
Additions
At 31 August 2025
**Depreciation**
At 1 September 2024
Charge for the year
At 31 August 2025
**Net book value**
At 31 August 2025
At 31 August 2024
**11 Debtors**
Trade debtors
**12 Creditors: amounts falling due within one year**
Bank overdrafts
Trade creditors
Other loans
Due to related undertakings
Other taxation and social security
Other creditors
Accruals
**13 Creditors: amounts falling due after one year**
Other loans
Other creditors||**Furniture and**
**equipment**
**£**
1,904
240
2,144
380
353
733
1,411
1,524
**2025**
**£**
308
11,802
6,504
207
6,579
3,026
2,461
30,887
**2025**
**£**
23,560
-
23,560|**Furniture and**
**equipment**
**£**
1,904
240
2,144
380
353
733
1,411
1,524
**2025**
**£**
308
11,802
6,504
207
6,579
3,026
2,461
30,887
**2025**
**£**
23,560
-
23,560|**Total**
**£**
1,904
240
2,144
380
353
733
1,411
1,524
**2025**
**£**
210|
|---|---|---|---|---|
|||2,144|||
|||380
353|||
|||733|||
|||1,411|||
|||1,524|||
|||**2025**
**£**
308
11,802
6,504
207
6,579
3,026
2,461
30,887
**2025**
**£**
23,560
-
23,560|||
|||||**2024**
**£**
-
3,092
6,360
-
7,096
2,147
7,898|
|||||26,593|
|||||**2024**
**£**
30,032
90,178|
|||||120,210|
Page 18
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
|**14 Funds**
**Unrestricted funds**
**_General_**
General
**Restricted funds**
SEC (St Barts)
SEC Food Programme
Toilet Blocks for USA River
Digital tablets for Palampur
School
Glasses in Cambodia
Advancing Menstrual Equity for
Girls
**Total restricted funds**
**Total funds**
**Unrestricted funds**
General|**Balance at 1**
**September**
**2024**
**£**
(143,257)
-
-
-
-
-
-
-
(143,257)
**Balance at 1**
**September**
**2023**
**£**
(100,202)|**Incoming**
**resources**
**£**
506,177
9,211
1,263
5,394
335
1,640
459
18,302
524,479
**Incoming**
**resources**
**£**
352,712|**Resources**
**expended**
**£**
(417,087)
(9,211)
(754)
-
(335)
(315)
(459)
(11,074)
(428,161)
**Resources**
**expended**
**£**
(395,767)|**Balance at 31**
**August 2025**
**£**
(54,167)
-
509
5,394
-
1,325
-|
|---|---|---|---|---|
|||||7,228|
|||||(46,939)|
|||||**Balance at 31**
**August 2024**
**£**
(143,257)|
## **15 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
1,411
(1,131)
(30,887)
(23,560)
(54,167)|**Restricted**
**funds**
**£**
-
7,228
-
-
7,228|**Total funds at**
**31 August**
**2025**
**£**
1,411
6,097
(30,887)
(23,560)|
|---|---|---|---|
||||(46,939)|
Page 19
## **FutureSense Foundation**
## **Notes to the Financial Statements for the Year Ended 31 August 2025**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
1,524
2,022
(26,593)
(120,210)
(143,257)|**Total funds at**
**31 August**
**2024**
**£**
1,524
2,022
(26,593)
(120,210)|
|---|---|---|
|||(143,257)|
## **16 Related party transactions**
Mr A and Mrs P Malhotra are directors and shareholders in the following companies that had transactions with the Foundation during the year.
FutureSense Travel Services Limited - Donated £144,110 (2024 - £72,847) to the foundation during the year.
Challenges Abroad Limited - Donated £235,841 (2024 - £183,335) to the foundation in the year.
Gapguru Limited - Mrs P Malhotra is 100% shareholder - Donated £nil in the year to 31 August 2025 but £28,100 to the foundation in the prior year.
Included in other creditors is a balance due to FutureSense Travel Services Limited of £nil (2024 - £90,178).
Page 20
## **FutureSense Foundation**
## **Statement of Financial Activities by fund for the Year Ended 31 August 2025**
## **Unrestricted Funds**
|**Unrestricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Donations and legacies
Total income
**Expenditure on:**
Charitable activities
Other expenditure
Total expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Unrestricted**
**Funds**
**2025**
**£**
506,177
506,177
(388,131)
(28,956)
(417,087)
89,090
89,090
(143,257)
(54,167)|**Total**
**Unrestricted**
**Funds**
**2024**
**£**
352,712|
|||352,712|
|||(396,302)
535|
|||(395,767)|
|||(43,055)|
|||(43,055)
(100,202)|
|||(143,257)|
This page does not form part of the statutory financial statements. Page 21
## **FutureSense Foundation**
## **Statement of Financial Activities by fund for the Year Ended 31 August 2025**
## **Restricted Funds**
|**Restricted Funds**|||
|---|---|---|
|**Income and Endowments from:**
Donations and legacies
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net income
**Reconciliation of funds**
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2025**
**£**
18,302
18,302
(11,074)
(11,074)
7,228
7,228|**Total**
**Restricted**
**Funds**
**2024**
**£**
-|
|||-|
|||-|
|||-|
|||-|
|||-|
This page does not form part of the statutory financial statements. Page 22
## **FutureSense Foundation**
## **Detailed Statement of Financial Activities for the Year Ended 31 August 2025**
|**_Donations and legacies_**
Gift Aid reclaimed
Gap Guru
Grant - Challenge Abroad & FutureSense Travel
Donations from school, colleges and other donations
Donations from schools, colleges and other donations
**_Charitable activities_**
Marketing
Pension admin charges
Foreign currency (gains)/losses
Wages and salaries
Project costs
Recruitment and Training
Insurance
SEC
Overseas hub - office costs
Overseas hub - office costs
Office expenses
Printing, postage and stationery
Trade subscriptions
Travel and subsistence
Legal and professional fees
Depreciation of office equipment
Advertising and recruitment
Accountancy fees
Bank charges
Loan interest
**_Other expenditure_**
Fundraising support|**Total**
**2025**
**£**
11,910
-
379,951
18,302
114,316
524,479
(3,492)
(84)
(144)
(252,082)
-
(1,505)
(453)
(38,834)
(11,074)
(61,653)
(1,035)
(219)
(1,235)
(13,747)
(1,100)
(353)
35
(5,236)
(6,158)
(836)
(399,205)
(28,956)
(28,956)|**Total**
**2024**
**£**
7,735
28,100
252,124
-
64,753|
|---|---|---|
|||352,712|
|||(4,887)
(331)
(9)
(257,748)
(3,263)
(31,430)
(435)
(35,724)
-
(36,756)
(654)
-
(643)
(6,843)
(50)
(380)
(6,304)
(5,509)
(1,609)
(3,727)|
|||(396,302)|
|||535|
|||535|
This page does not form part of the statutory financial statements. Page 23