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2023-03-31-accounts

Page
Reference and Administrative
Details
Report ofthe Trustees 2 to 8
Report ofthe Independent
Auditors		 9 to 10
Statement ofFinancial Activities
Balance Sheet 12 to 13
Cash Flow Statement 14
Notes to the Cash Flow Statement
Notes to the Financial Statements 16 to 27

TRUSTEES Mr DECreen
Mr RJDavis (resigned 19.12.22)
Mr BPatel
Ms A M White
Ms ST LPower
Ms A Donelon (resigned 6.3.23)
Mr RJ Goodwin
Miss YWaheed (resigned 4.5.23)
Ms ANicholls (appointed 31.7.23)
Mr RJRoche (appointed 31.7.23)
REGISTERED OFFICE Futures House
The Moakes
Luton
Bedfordshire
LU3 3QB
REGISTERED COMPANY 06853242 (England and Wales)
NUMBER
REGISTERED CHARITY 1138854
NUMBER
AUDITORS FKCA Limited
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU28DL
SOLICITORS Taylor Walton
28-44 Alma Street
Luton
LUI 2PL
Russell-Cooke
2 Putney
Hill
Putney, London
SW15 6AB
BANKERS NatWest
Market Hill Branch
31 George Street
Luton
Bedfordshire
LUI 2YN
Santander
54-56 George Street
Luton
Bedfordshire
LU1 2AB
Page I

ACHIEVEMENT
AND PERFORMANCE
Charitable
activities
Key Outputs
The measures
it uses to assess success in the reporting		 period is through key output delivery:
Output Total
Jobs Created (f/t) 7
Jobs Created
(p/t)		 3
Jobs safeguarded 4
People trained obtaining
qualifications		 10
Residents accessing employment 0
Training weeks 0
Young people benefiting 1250
New business
start ups		 0
Businesses
advised		 0
Benefiting
from safety initiatives		 0
50+benefiting
from safety initiatives		 0
Women benefiting
from safety		 0
Community
safety initiatives		 0
Youth crime prevention
initiatives		 0
Attending
youth crime initiatives		 0
Locals access new health facilities 343
New health facilities 2
New sports facilities 0
Community
cultural
facilities improved		 0
Voluntary
organisations
supported		 3
Community
Groups supported		 15
Attending
community
capacity building		 114

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes f
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 3,007 5,588 8,595 3,004,042
Charitable activities 3 624,474 624,474 427,464
Investment income 4 3,354 3,354 98
Other income 5 202,324
Total 630,835 5,588 636,423 3,633,928
EXPENDITURE ON
Charitable activities
Charitable trading costs 819,324 5,588 824,912 631,592
Project expenses 47,666 47,666
Total 866,990 5,588 872,578 631,592
NET INCOME/(EXPENDITURE) (236,155) (236,155) 3,002,336
RECONCILIATION OF FUNDS
Total funds brought
forward		 5,046,529 3,584 5,050,113 2,047,777
TOTAL FUNDS CARRIED FORWARD 4,810,374 3,584 4,813,958 5,050,113

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes f
FIXEDASSETS
Tangible assets 12 3,088,263 3,088,263 3,097,473
CURRENT ASSETS
Debtors 13 165,524 165,524 177,594
Cash at bank and in hand 1,986,586 3,584 1,990,170 2,004,565
2,152,110 3,584 2,155,694 2,182,159
CREDITORS
Amounts
falling due within one year		 14 (429,999) (429,999) (229,519)
NET CURRENT ASSETS 1,722,111 3,584 1,725,695 1,952,640
TOTAL ASSETSLESSCURRENT
LIABILITIES 4,810,374 3,584 4,813,958 5,050,113
NET ASSETS 4,810,374 3,584 4,813,958 5,050,113
FUNDS 15
Unrestricted
funds		 4,810,374 5,046,529
Restricted funds 3,584 3,584
TOTAL FUNDS 4,813,958 5,050,113

fo r the Year Ended 31MARCH 2023
2023 2022
Notes f f
Cash flows from operating activities
Cash generated
from operations		 (13,554) (30,781)
Net cash used in operating activities (13,554) (30,781)
Cash Ilows from investing activities
Purchase oftangible
fixed		 assets (4,195) (89,404)
Interest received 3,354 98
Net cash used in investing activities (841) (89,306)
Change in cash and cash equivalents in
the reporting
period		 (14,395) (120,087)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 2,004,565 2,124,652
Cash and cash equivalents at the end of
the reporting
period		 1,990,170 2,004,565

2023 2022
8
Net (expenditure)/income for the reporting period (as per the
Statement ofFinancial Activities) (236,155) 3,002,336
Adjustments for:
Depreciation charges 13,407 7,193
Loss on disposal of fixed assets 4,000
Interest received (3,354) (98)
Donation of property (3,000,000)
Decrease in debtors 12,070 1,138
Increase/(decrease) in creditors 200,478 (45,350)
Net cash used in operations (i3,554) (30,781)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow
f		 At 31.3.23
f
Net cash
Cash at bank and in hand 2,004,565 (14,395) 1,990,170
2,004,565 (14,395) 1,990,170
Total 2,004,565 (14,395) 1,990,170

3. CHARITABLE A CTIVITIES
2023 2022
Letting ofproperty for charitable purposes 451,975 426,802
Futures Fun Factory 116,731 662
Cafe Income 55,768
624,474 427,464
4. INVESTMENT INCOME
2023f 2022
f.
Deposit account interest 3,354 98
5. OTHER INCOME
2023f 2022
f
Insurance
claims		 121,504
Dilapidation $0,820
202,324
6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7)
f		 Totals
Charitable
trading costs		 412,601 412,311 824,912
Project expenses 47,666 47,666
460,267 412,311 $72,578
7. SUPPORT COSTS
Financial,
legal and
Premises Administrative professional Governance
expenses overheads costs costs Totals
f.
Charitable
trading costs		 368,897 16,973 12,431 14,010 412,311

2023 2022
Charitable
trading Total
costs activities
Wages 60,560 74,307
Social security 4,546 6,869
Pensions 1,218 ],680
Rates and water 3,020 1,937
Insurance 10,872 10,025
Light and heat 123,785 92,498
Cleaning and waste management 32,817 22,645
Building maintenance 82,6]2 69,095
Security 17,562 17,694
Accountancy 251
Advertising 4,653 2,111
Premises repairs, renewals 24,008
Landscaping costs 1,013 130
Lifts 676
Depreciation oftangible fixed assets 2,231 7,192
368,897 307,110
Administrative overheads
2023 2022
Charitable
trading Total
costs activities
f,
Insurance 3,677 2,552
Telephone 2,047 4,050
Postage and stationery 2,552 1,094
Sundries 640 127
Software licences and expenses 8,057 4,137
16,973 11,960
Financial, legal and professional costs
2023 2022
Charitable
trading Total
costs activities
f 6
Legal and professional 5,594 21,508
Meeting expenses 855 1,245
Accountancy 5,061 4,774
Bank charges 921 1,070
12,431 28,597

Governan ce
costs
2023 2022
Charitable
trading Total
costs activities
f
Auditors' remuneration 7,500 7,400
Auditors' remuneration for non audit work 6,510 3,850
14,010 11,250
NET INCOME/(KXPENIHTURE)
Net income/(expenditure) is stated atter charging/(crediting);
2023 2022
f
Auditors' remuneration 7,500 7,400
Auditors' remuneration for non audit work 2,500 3,850
Audit rem - under accrual in previous years 4,010
Depreciation
- owned assets		 13,405 7,193
Deficit on disposal offixed assets 4,000

STAFF CO STS
2023 2022
f.
Wages and salaries 340,675 258,427
Social security costs 28,985 37,987
Other pension costs 6,085 7,373
375,745 303,787
The average monthly number ofemployees during the year was as follows:
2023 2022
Staff 13 5
The number ofemployees whose employee benefits (excluding employer pension costs) exceeded 660,000was:
2023 2022
6100,001 - 8110,000 I
8150,001 - 8160,000

for the Year E for the Year E nded 31MARCH 2023
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
f,
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 3,002,202 1,840 3,004,042
Charitable
activities		 427,464 427,464
Investment
income		 98 98
Other income 202,324 202,324
Total 3,632,088 1,840 3,633,928
EXPENDITURE ON
Charitable
activities
Charitable
trading costs		 608,586 23,006 631,592
Project expenses (1,840) 1,840
Total 606,746 24,846 631,592
NET INCOME/(EXPENDITURE) 3,025,342 (23,006) 3,002,336
RECONCILIATION OF FUNDS
Total funds brought forward 2,021,187 26,590 2,047,777
TOTAL FUNDS CARRIED FORWARD 5,046,529 3,584 5,050,113
12. TANGIBLE FIXEDASSETS
Fixtures
Freehold Leasehold Plant and and
property improvements machinery fittings Totals
f 6
COST
At I April 2022 3,000,000 7,394 50,806 89,404 3,147,604
Additions 4,195 4,195
At 31 March 2023 3,000,000 7,394 55,001 89,404 3,151,799
DEPRECIATION
At 1 April 2022 50,131 50,131
Charge for year 2,230 11,175 13,405
At 31 March 2023 52,361 11,175 63,536
NET BOOK VALUE
At 31 March 2023 3,000,000 7,394 2,640 78,229 3,088,263
At 31 March 2022 3,000,000 7,394 675 89,404 3,097,473

DEBTORS:A MOUNTS FALLING DUE WITHIN ONE YEAR
2023
f		 2022
Trade debtors 149,819 37,609
VAT 8,258
Prepayments
and accrued income		 15,705 131,727
165,524 177,594
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023f 2022
Trade creditors 151,132 27,091
Social security and other taxes 10,053 7,245
VAT 14,689
Other creditors 75,187 80,041
Deferred
income		 151,405 47,060
Accrued expenses 27,533 68,082
429,999 229,519

Rental Income Grant Income
Deferred Income brought
forward		 at I April 2022 2,469 44,590
Incoming resources deferred
in the current year		 112,401
Amounts released from previous years (2,469) (5,587 )
Deferred Income carried forward at 31 March 2023 112,401 39,003

MOVEM EN T IN F UNDS
Net
movement At
At 1.4.22 in funds 31.3.23
Unrestricted funds
General fund 727,476 (236,155) 491,321
Designated - Capital Investment
Programme 77,000 77,000
Designated - Sinking Fund 450,000 450,000
Designated - Business Continuity 100,000 100,000
Designated - Project Investment 50,000 50,000
Designated - Large Scale Capital Project 642,053 642,053
Designated - Futures House 3,000,000 3,000,000
5,046,529 (236,155) 4,810,374
Restricted funds
Better Futures Programme 3,584 3,584
TOTAL FUNDS 5,050,113 (236,155) 4,813,958
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General
fund		 630,835 (866,990) (236,155)
Restricted funds
SEMLEP climbing wall grant 5,588 (5,588)
TOTAL FUNDS 636,423 (872,578) (236,155)

Net
movement At
At 1.4.21 in funds 31.3.22
f f
Unrestricted funds
General fund 702,134 25,342 727,476
Designated - Capital Investment
Programme 77,000 77,000
Designated - Sinking Fund 450,000 450,000
Designated - Business Continuity 100,000 100,000
Designated - Project Investment 50,000 50,000
Designated - Large Scale Capital Project 642,053 642,053
Designated - Futures House 3,000,000 3,000,000
2,021,187 3,025,342 5,046,529
Restricted funds
Better Futures Programme 26,590 (23,006) 3,584
TOTALFUNDS 2,047,777 3,002,336 5,050,113
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended
f		 in funds
Unrestricted funds
General fund 632,088 (606,746) 25,342
Designated - Futures House 3,000,000 3,000,000
3,632,088 (606,746) 3,025,342
Restricted funds
Better Futures Programme (23,006) (23,006)
SEMLEP climbing wall grant 1,840 (1,840)
1,840 (24,846) (23,006)
TOTAL FUNDS 3,633,928 (631,592) 3,002,336

Net
movement At
At 1.4.21 in funds 31.3.23
f
Unrestricted funds
General
fund		 702,134 (210,813) 491,321
Designated - Capital Investment
Programme 77,000 77,000
Designated - Sinking Fund 450,000 450,000
Designated - Business Continuity 100,000 100,000
Designated - Project Investment 50,000 50,000
Designated - Large Scale Capital Project 642,053 642,053
Designated - Futures House 3,000,000 3,000,000
2,021,187 2,789,187 4,810,374
Restricted funds
Better Futures Programme 26,590 (23,006) 3,584
TOTAL FUNDS 2,047,777 2,766,181 4,813,958
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 1,262,923 (1,473,736) (210,813)
Designated - Futures House 3,000,000 3,000,000
4,262,923 (1,473,736) 2,789,187
Restricted funds
Better Futures Programme (23,006) (23,006)
SEMLEP climbing wall grant 7,428 (7,428)
7,428 (30,434) (23,006)
TOTAL FUNDS 4,270,351 (1,504,170) 2,766,181

2023 2022
8
Net obligations receivable:
Within one year 342,806 294,715
Between one and five years 771,602 851,825
More than five years 99,477
1,114,408 1,246,016