Compary Registration Number- 08194371 The Charity Regislralion Number is :_ 1149609 The Foundation Years Trust Report and Accounts 31 December 2024 the Foundation Years Trust The Foundation Years Trust Report and accounts for tha year ended 31 December 20 Charfty Infomiation Tru8t••8' Annual Report ststem•nt of dire¢tors' rnsponslbllltle• IndoPondontAceountanfs Roport 10 statement of Financial ActivSti Slatement of Financial ACbvIt￿- Prior Year stateme Movements in funds Income and Expenditure account 12 13 14 15 Balane• •hogt 16 17 The Foundation Years Trust Company R￿J15t[atiL￿ Nunb8r- 08194371 Trustees. Annual Report for the year ended 31 December 2024 The Trustees pres6nt their Report a￿1 A(yxwnts for the year ended 31 De(xnber 2024, Which also ¢omprises the Direc￿. Rewt required by the Companies Act 2(Th. Reference and administrative detsils legal name of the ch￿lty i8:_ Th8 FoundatK)n Years TrusL The tharity is *0 kn￿￿n by its Op￿ating namo. Fff. The tharity is registered in England & Wales wilh the Charity Commission in England & Wales (CCEW) *ith chanty numbèr 1149609. The thaiity (bos not operale in any overseas jurisdi(aions. L•gal strncturn olth• eharfty The charty is constituted as a o)mpany limited by guarantee, registerad under Ihe Cryanies Acts . govemirwj document of the charity 18 the Memorandum and Articles ofAs8OGiati(m establishiry Company under cornpany legislation. There arn no rnstriclion8 in the goveming d0￿ments on the operation of the Charity or on its investrnent puwerg otsr than those Thposed by Charity L￿. By operation of law all. TnJstees are Directors urKlor th6 Companies Act 2006 arKI all Directors are Tru8te88 under Charthes legislation havo rn8ponsibilities. as suth. under both company and charity legislation. The TA￿le8S are all iTrJividuals. The prfn¢lpl op•rntlng addr•88, ts1•pl￿ne numbor. omall and wob addre8M• of th• charfty o Seacombe Famlty Hub St Pauls Roay. Wallasey Wirral. CH44 7AN Telephone T: 0151647 4830 Email Pthress w•M.foundationyearstrusLorg.uk Web address info@foundationyearstrusLorg.uk The registered office of the L*arity for Compani8s Act pu￿0$8$ is the same as the operatiry address SI)0￿ Th• Truste￿ In Offi￿ on th• date tho r•port wa• approved Marcus Bell Dr Dennot Coleman Janice Dalke￿utd1ffe (ChaIry)e￿On) Kelb"gh Hoy Sandhya &ThJh The Foundation Years Trust Company Registralion Number- 08194371 Trustees. Annual Report for the year ended 31 December 2024 Th• following porsons served as Trust•os during the y•ar onded 31 De¢•mbor 2024 :. The Tn￿te￿$ Vrt￿ ser¥ed as a Tntstee in the reporting p￿. and their dates ot r8s*Jnabon during the yèar Marcus B8N Dr Demiot Colwnan Janice Darka￿sUtdlffe (Chairperson) SIM￿ FuU8r Elizabeth Harlley Joanne Hea Kelleigh Hoy Rosaline Piper SaThYhya Singh At Ihe Annual General Meeting no Trustees are raqulr•d to retire as Trustees. All the Truste05 are a150 rnembers of the charity. 31 January 2024 09 April 2024 31 January 2024 07 June 2024 Objects and activitles of the charity The rn￿"n activities undertaken in relation to those purposes during the year and to further the charity's puryK￿e for the public benefit The awn of the Trust is to ¥nprtyp the (xrtc*ar The Trust continued to offer high qualty acbvrtieg lor families With I￿Year-oldS in communty venugs, th1o￿h schools and ad41oc e￿nts. b8came a Delivery Centre for the Pe8p Progression Patlyw. ￿lIh staff re￿i￿ng training in delivery aNI intsmal qualty assurance. This has enabled the delivery of programme to families. giving Oppo￿nItieS to record their leaming and gain units towards a nationalty accradited qualification. Wirral Family Hubs ca)mmissioned the team to dgliver training to all their stsff and volunteers on the Home Leaming Enwronment and Communication and Language. This training was very well recei￿d and raised ti profile of attoss Wirral. prr continue to play a lèading role In Wlrravs Eaty Help Alllance. undertaklng several roles arKI reSPr￿sibIlitieS between various team memb8rs. The Aliance work brings in signifiGant income and ensures FfT 15 at Ihe heart of Earty Help serVi￿S in Wirral. The Alliance recei￿d an award during the year from MJ (Municipal Joumal) and was shortlistsd lor the second year funning for a CSJ award. successfulty led a partharship to influence chang8 in the accessibilty of disabilty benefits. Whilst this is slight move away from the no￿al work, the parthership WO￿ is a natural continuation of coproduction work has been leading on under the National Lottery fundiTrJ. Th8 taam continued to inlluence change by attanding a variety of groups and networks to driva lorward the HLE and Early Years agerKla$, including.. Fair Education Alliance Early YeaTr Workirvj Group . Wirral Start for Life Stsering Group . Wirral Earfy Years Strategy Group Parent, Infant and Early Years Relationshps ClIni￿ Ne1M)￿ for Cheshir8 and Merseyside. Where applicable. tsam memb9rs alw attended conferences to leam and share knowledge indudirvJ Ihe Voluntary Sector Nothwest conference. The Trustees have had regard to the Charity Commission's guidan￿ on public benefft in managing the actiMtie8 of the (*arity. The Foundation Years Trust Ccthpany Registration Numbèr- 08194371 Tnr&tees' Annual Report for the year ended 31 December 2024 The maln achievements and perforniance of the charity during the year and the difference the perforniance during the year has made to the beneficiaries of the charlty and benefitted wider society Achl•vaments. Outsomes and knpact of work wlth fami1Ses Despite ongoing challenges for sthools. 8 continued to deliver the programme up to July 2024, and 7 signod (p and joined the training for Ihe programm8 in Septeml)er 2024. This brings the total number of schoc4s delivering 0￿r the pwirmj to 15. One SC*K￿ prnvid￿ E. Neverthekss, the tsble below shows that parents report eilher doiNJ the we amount or more of Ihese The Foundation Years Trust C(xnpany Registralion Number- 08194371 Trustees. Annual Report for the year ended 31 December 2024 Parenuadult bohaviour change word&& sound* Stwii)¥ ¥*ryrn•s s￿rIn8￿00k$ & si<¥4•* OA) 20.0 100.0 Lc>S S4iwTie • Th8se resuliy sit alongside anecdotsl 8￿￿der￿ frryn obsepRtions rnade by school and nursery stsff of parents and thildren, and of children's b9haviour in the dassroom.. and pgrentsl feedback and comments all dearly d8monstrate the posili¥* impact made by1he various prograrnmes delivered by ￿ ov8r the year. Commonts frarn t•a¢hor•: . We found that with children who stsrted schijol in September. then stattng Little Explorers in the January. their confidence has really grown, they are building relationships with their pe9rs, a lot more confthnt in play. and their language is coming on. Wekn had some children who started us whon they were babbling but n(yw b￿aUSe parents are extending the OPPOrtunty lor laTrJuage. they'rn ablo to form 8entenceg and use a lot more dear words in conversation. I did a managing feelings and b6haviour {topic) and quite a few parents came ba(* to say they're thinkirvj about things differently now and 8 lot more empathetic with their children, and they'ro helping tharn and SLworts'ng them to ded with their emotions. A •arnplo of comment• from pargnts: Since coming Noah's social skills are much ￿tter. He thats a lot m(Ke. playg more and it a150 how rna with anxiety arKI meeting new people thank you. . We love coming to the Fyf groups. They provMJe much needed connection and socialEation whilst bei fun, inlomiative and comFelling. l am groknirKJ in Confiden￿ ￿1th regards to playing at home and out and The Foundation Years Trust Company Registration Nurnbw- 08194371 Trustees. Annual Report for the year ended 31 December 2024 Future Plan8 The charity continues to WO￿ with families of (k5-year-olds. $￿porI1ng h￿ne leaming eyrnntss. We wil: . Continu8 to build partnerSt4￿ with 0th8r orgafttsations, to enhance arKI extend our own ￿￿rk. arKI 84Jlore opportuniiies for further funding. . Contlnue to erwJagg sc*ool Pathe￿ wlth our prO9￿me. rolliNJ out to more Wirral schools and sch(M)ts in neigt*)ouring kKal authority areas. . Continua to I￿0vIde opportunilies for frdmili8S to leam abwt vrays tlw can support their child's leaming aThl developmenL . Further develop our work lo l&am from parents and carers about the best ways to support the home leaming environment and eworé a variety of methods. . Further dgvelop the tKogrwnme of professional d8veloprnent for earty years professiona18 in relevant tq)ics to gnhance their skils in supw*'ng paren . E4)loré methods of engaging private and ind8p8ndént earty years settings. to dawlop a vernion ofthe programme they can parb(Jp8te in and support parents in provldlng h￿OI98m1ng experiences. This n8cessitates ongoing fundralsing acbvity to socure suffirient fu(Kls. Pthlpal rfsk8 and uncortalnllos The Trust868 ha¥E assessed the rnajor risks to vthith the charitable company is ewsed and are satisfied that 8ySterns are in place to mth'gate exposure to these. Additionaly. the Trust maintsins a risk register which supports the monrtoring and discussion of risks. whith was updated to indude the potential risk from Co%ryd-19 on both the method of progrwnm8 delivery and any threat lo tho fvrKling sourc68 and strategy. All Tru$tee3 are 8180 allocated specific areas of responsb￿fy for g0veMan￿ through the Trugfs policlos, whith also infomi the thiTrJ practices and ensure tha company wlie$ wilh relevant legislation. Irs worlh notlrKJ that fundraising 1$ bec4xning incrnasingly dffKul( with the irKr6dibly hlgh numbèr of applications for every pot of money ¢)n offer. Thi$ has led the CEO to seek out furlher pa￿rshiP opportunitses wilh l*xal organisalions. enabth'NJ th8 Trust to gain new funding through these mutually beneficial co&*oralions. i.e. to inlluence change in the accessknilty of disability benefits. Structure. governance and management of the charlty The methods used to recrnit and appoint new charity Trustees Membership of the Chanty is (yen to any indNKJual over the age of 18 years whom Board decKJe to admit to membership. The Trusfs Articles of Association state thal al Tntstees automatically become members. Thè t￿sinesS of the Trust ts managed by the Board. which rnay consist of no fe￿￿r than three and no more than The Board delegates I￿rtaIn 0perats"(X￿ de￿"S1(￿S to the Finan(% Sub-Group. ￿ Strategy sut￿Gr￿P arKI tho Fundfai5irvJ SuIFGr(￿p. consist of a number of Twstees and the CEO. These sU￿rOuPS meet thr0ugtr￿rt the year (virbjaly or faC&￿traCe} and reports decisions tt> ft)11(rwing Boa Bankers CAF Bank Ltd. 25 Kings Hill ANenu8. lfjngs Hill. West Malling, Kent ME19 4JQ The Foundation Years Trust Company Registration Number- 08194371 Trustees. Annual Report for the year ended 31 December 2024 Flnancial review The chaiity's financial position at the end of the year ended 31 December 2024 Thg financial pos5tion of the charity at 31 Decantsr 2024 and comparables for the pritx WI￿1. as mue fijlly d8tsiled in the accounts. can b8 surnmarised as follows:_ 2024 2023 Net hKome (5,442) (21.015) Unrestricted Rebpnue Funds available ts tho general purposes ofthe charity Designated ReNpnue Funds Total Unrnstrf¢tedFunds 23.833 16,330 53.489 77,322 74.859 91.189 Restricted Revenue Funds 49.102 40,677 Totsl Fund8 126,424 131.866 Flnancial rew.ew of the position at the rwrts.ng date. 31 December 2024 Flnanclal rnvl Incomè for thè yèar was £194.976 (2023: £243.310) and 8xponditure was £200,418 <2023: £264.325). This sulted in a net deficrt for the year of £5442 (2023: a defiGit of £21.015). As at 31 December 2024 ￿reStriCted reserves stood at £23,833 (2￿3. £16,330) and designal8d reserves at £53.489 {2023: £74.859). Restricted tesep*PS £49.102 (2023: £40.677) making total resepRs of £126.424 <2023: £131.866). See Note 16 on page 20 for breakdovm of unrestriGted. designated and restrided fijnds. wSth dassfflcatlons of fun(ts aThl their wfpose in Note 19 on page 21. Partnorfund• During year, £88,663 was T￿1ved in our role as18ad partner for two grants. £56.663 was received from the National Lottery FuThJ on behalf of three parlners {l(oala NW. Fenies F￿llieS & Caritas). £32.000 was recei¥ed from the LW Bank Foundation Lo(xl Colaboralion PrcwJranme. ￿ behalfof seven third party Part￿lS (Citi•ns Advrk. Koala NW. Shaftesbury. Cantas. FeThie5 Families. NW and Web Merseysido). A retrospecbve change has also been m* to the 2023 fvJures {£73.825). The Foundation Years Tntst Company Rwjistration Number- 08194371 Trustees. Annual Report for the year ended 31 December 2024 Policies on resems It is th8 policy of the Tn￿t to maintain both restricted and unrestricted at a level which equates to at least three months of e￿rKIllUr& to ensure that the Trust can continue to OFerats $houhJ difficul￿$ in r8ceiviThJ inc￿le cttur in the short tem. This will also ènsure tr￿t the Trust is yknle to dOS&d￿ at the end of its fundirKJ wde. meetiThJ all statutory staffing and operational Costs. The level of expenditu￿ for 2024 was £200.418. giving a reserKs polity tsrget of £50,104 for unrestricted and designated reseNes. The Trusfs r8senMs held at 2024 year-erKI amounted £23,833 unrestricted (2023: £16.330), desbjnated re8er¥fs £53.489 (2023: £74.859) and reslricknl £49.102 (2023". £40.677) which covets the charity's re8OP poky. Unrestricted reSe￿￿S are minimal and stratsgicalty rnanaged to protect the charity's fu￿nCIal sustainability. The majority of the Trnsfs acbvibgs in Ihe year to 31 December 2024 b￿re funded by rBstricted grants and giNBn Ihat it is likely that the chanty's Costs will continue to be furKl8d by ￿trilled in¢om8 in the immediate temi, the Trustees consid8r that sufficient funds wll be available to cover management aThl administration support costs for the foreseeable fuiuré. Av￿"jabI1lfy and adequacy of assets of each of the funds The board of Trustees is satlsfied that the charitys assots in furKI are available and •J4uale lo fulfil its obloats'ons in re5pgd of each fund. Details of The Independent Examlner Mernbor of CIPFA Bluecoat Chanbers College Lane Li¥prpool L13BZ Statement of the Dlrectors. and Trustees. Responsibilities The thariVs Trustee3 are responsible for the preparation ofthe accounts in accordance with the tern￿ of the Companies Act 20C6. the Charitses Act 2011 and the Charities {Accounts and Reports) Regulations 2008. Nolwithslanding the explicit requirement in the extant ststutory wulations,the Charities (ACr￿unts arKI Rèports) Regulations 2008, to prepare the finane481 statements in ac￿rdanCe with the SORP 2005, in view of tho fact that the SORP 2005 has been withdrawn, the Tntstees detemiined to interpret this responsibility as requwing them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Pwbce for Accounting and Reportsng by Charities) 2019, applicable to all ac¢C￿ting P￿1(￿￿ b8ginning on or after 1st January 2019). (The SORP). . In parbuAar. the Companies Act 2006 and Charity law require the Board of Tnjstees to prepa￿ financial 8tstements for ea{* finanrAal year *ttich give a true and fair view of the state of affairs of the charity as at the end of the finanoal year and of the surplus or deficit of the dwrity. In preparing those financial statements the Board is roquired to :_ - to preparn the accounts in acconlance with United lfjrgdom Generally Accepted ACC￿llting Pracli¢% (United lQngdom Accounting Sta￿lards and applicable law). - select suitable accounbng policies and apply them consistenty, - make I￿1gernents and e3timates thal are reasonaNg and pNdent The Foundation Years Trust Cryny Registration Number- 08194371 T￿￿tees. Annual Report for the year ended 31 December 2024 - prepare the financial $tatements on the going concem basis unless it Is inappropriats to presume that the charity will continue in business: - stste ￿ether applicable accounting standards and statements of commended practice have been follth%Ed, subi8ct to any rnatsrial departures disdosed and explatr*d in the finan(aal statements,. The law wuires that the Trustsos must not approve the accounts unless thay arg Satisfied that they give a lJue and fair iiew of the stats of affairs of the charity and of the surplus or deficit of the chanty for the year. The Trt￿tees are also r8sponsible for maintsining adequats accounting records which disclos8 reasonable accuracy at any time the finanaal positK)n ofthe charity and *thich aré sufficient to show and explain the charitys transactions and enable them to ensure that the finanrAal statements comply wilh the Companies Acl 20￿ and comply ￿th regulats.ons made under the Charitie5 Act. They are also rosponsible for safeguarding the assets of the Gharity and hence for taking reasonable stgP8 for the prevention and d8tects" of fraud and other irregUlar￿e9. The Trustees are also r8sponsible for the (￿ents of the Trustees. repor( and the ststutory responsibilty of the Indèpondent Examiner in relation to the Trustees. report is limited to examining the report and ensuring that . on tho face of the report. there are no material inconsisten(xes with the figures disclosed in tho financial statements. Meth¢)d of preparatlon of accounts . Small company provislons Th8 financial statements are sot out on page8 12 to 30. The financial statements ha¥* been prepared irnplements'ng thg FRS 102 SORP {Statement of Re(xKnmended Practice for Accounting and Reporting by Charthes) 2019. appl'cable to all accounting periods beginning on or after 1st January 2019). (The SORP), and in accordan￿ with the Financial Reporting Stsndard 102, (effective 1st January 2016) These financial statsments hav8 been ptepargd in accordan￿ the provisions in Part 15 of th8 Companies Ad 2LM)6. applicable to companies subject to the small companies rtgime. This rqx)rt was approved by the Board of Tn￿tse$ on 6 June 2025. Janice D￿e￿$Utclfie (Chairperson) Director and Trustee The Foundation Years Trust Report of the Independent Examiner to the Trustees of the charitable company on the a¢￿unt$ for the year ended 31 December 2024 I report to th8 Trustees on my ex¥nination of tho financial statements ofthe charitable company on pages 12 to 30 for thè ytsr eThled 31 December 2024 whith been prepared in aCI￿rdanCe the Chariiies Act 2011 (the Act) and Financial Reporting Standard 102, (effective 1st January 2016) as modif￿1 by FRS 102 SORP (statemerrt of Recommended Practica f￿ Accounting arKI ReportiThJ by Charibes) 2019. applc*le to all a(xountiNJ periods beginning on or after 1st January 2019). (The SORP}. published by the Charity Commission In EThJand & Wales (CCEW) . and histolical cost convention a￿1 ts accountiThJ policies set (Mrt on page 17. Ro•pectlw mponsibiltl•s of tho Trust0￿ and th• Independent Examlnor and tho ba81s of th? roport As described on 8, you. the charitable compan￿$ Tru5te8s. are also the Dir8ctors of the Ccthpany forthe purpo￿ of C(xnpany law. are respmtrAe for the preparation of the finanoal statefflents in accordancè v•ith the Cornpanies Act 2C(6, the Chariti8s Act 2011 aThJ all other 4plicable law and with United KirgJom Generaty Accepted ACc￿ntiry Practi￿. wlicable to Smaller entities. and for b8ing satisfied that tho financial statements give a tft￿ and fair view. The Trustees consider that the audit requirement of Saction 144(1) of th8 Charitss Act 2011 (thè Act) do8s not apply, and that there is requirement in th8 memorarKlum and articles of the charity for tha conducting of an audit. that the accounts do not require an 8￿JIt in accordan(% wilh Part 16 of the Companies Act 2006 and that rK* memb&r or members have requested an audit putsuant to Section 476 of the Companies Act 2006. As eonsequence. the Trustees have elected that th8 financial be subject to iThJapendent examination. Having satlsil8d myself Ihat the financial statsments arn not required lo be a￿￿lted undar any legal provlslon, or otheThvis8. and are eligible ft)r irKlependent examination. it 15 my respO￿lbIlIty to:_ a) exarnirn th8 finanaal Statements of the under Section 145 ofth8 Art b) follow the applicabl8 procedures in the Directions gi%fn by the Charity Commission under section 145(5)(b) of1he At* Baglj of Indopondont Examlnorfs Stat•m•nt and seop• of wryk undortak•n I report in re8Fect of my examination of the tharws financial statwnents caNied out under s145 oftro ACL In carryirKJ out my examination. I have fo10￿Ed all the aFpJicable Directions given by the Charity Commission undar seclion 145(5Xb) of the Act setting out the duties of an independent ex￿Iner in relation lo the conducbThJ of an irMJ8pendent examinth"on. kn independenl examination indudes a revw of tho accounting rewds kept by the chantab18 cornpany and of thg accountirg systems employed by the ¢harilable company and a comparison of the financial statements presented with those records. It also indth consideration of any unusual itern5 or disdosures in the financial ststements, and seeking explanations from you. as Trustees, concoming suth matters. The purpose of the e￿inatson ts to 85tablish a5 far as possible that there have been no breaches of ¢harity 19gislation and that, on a test basis ofevidence relevant to Ihe ￿Unts aNI disdosures made. the financial statements ¢￿pIY the SORP. The procedures undertaken do not provide all the evidence that would be required in an audit. infomation supplied by the TnBtees in the ￿Urse of the examination is not sthieded to audit tests or ewuiries and does Mt coNw all 1he matters that an auditor woukj consider in arriviw at an opinion. The planning and cnnduct of an audit goes ba￿d th6 limited assurance that an inde￿ndent axamination provhle conseq￿nty, I do not express an audit opinion on 1he gi%en by the financial stat￿nents, and in parlicular, I ewress no opinion as to ￿ether the ffinancial statements gi￿ a and fair VI￿ of affair3 of the chanty. aThJ my report is limrted to the matters set out in statement below. I planned arnl perfonned my e￿inatIon so as trj satisfy rnyselfthat the objecti'ves of the indepervjent 8xarnination are achieved and before finalising Ihe report l obtsined wntten assurances from the Trustees of all material matters. 10 The Foundation Years Trust Inde￿nd@nt ExamineV8 Slatemen( R•port and o￿lOn Subject to the limitatK)ns upon the scopa of my work as detsiled ax>ve. I have completed my examination: aThJ can confimi trot- The a￿￿nts of this chariith company are not requirBd to bg audited urthr Part 16 of the Companies Act 2006: This is a rBPQrt In respect of an axamination carrEd out undor 145 of the Act aTrJ in acc(¥dance with Direclions gi¥en by the Charity Comrni5sion under section 1495Xb) of the Act *thich may b8 apph"cabJe' and that no matsrial matters have come to my attention in connection with the exarnination gibing rne cause to bekeve that in any material respect- accourtiNJ récords were not kept in resF*ct of thè tharity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Art 2011: the financial statements do not accord V•ith those records. or the ffinancial statanents do not comF+y thrylh the applicable requirements CL)ncemirKJ the fonn and ￿)ntent of acLx)unts set out in section 396 ofthe Cwipanie5 Act 2{￿ other Ihan any requirement that the accounts give Yru8 and fai¢ viow, which is nol a matter con8id6red as part of an independent examination: have not been prepar•J In accordan¢o with the methr*ts and winciples set out in the FRS 102 SORP (statem8nt of Recornrnended Praclice for Accounting and Rep(Kb"ry by Charities) 2019. appUcd)1g to au accounting beginning on or after 1st January 2019). I￿ SORP). I ha￿ no COn￿m5 and ho￿ ccffie across no other mattets in connection with tho examination to which attention should be drawn in this report in (￿r to enable a proper underntanding of the financial statements to b8 reathed. CIPFA BIu8coat Charnber5 College Lane Liverpool L13BZ This report was signed on 6 June 2025 11 The Foundation Years Trust - Statement of Financial Activities for the year ended 31 December 2024 statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2024. as required by the Companies Act 2006) CuThenty Total F￿dts T•Jtsl Funds Fun Funds Inc￿0 & Endowm•nts from: D￿ationS & Legacies Charitale acti%ities Investrn•nts 84.371 67.886 123.274 174,998 65.491 2.821 3,456 Total Incom• 42.719 162,257 194.976 243.310 EX￿ndItuT0 on: Ch•itable acti¥itios 143,832 21JON18 Total •xp•ndlturo 56.586 143.832 200M18 264.325 Not Incom• for the ygar (13.86n 8A25 (5A42) {21,015) Not movom•nt In lund• (13.86n 8A25 (5,4421 {21.015) R•conclHatlon of fund•:. Total fund• brought foThvard 91.189 40,677 131,888 152.881 Total fund• ￿nI•d forward 7TA22 49.102 126A24 131.866 The'SORP Ref indicated above is the ¢18ssffica1ion of income set out in the fonnal SORP documents. As required by paragryjh 4.60 of thg SORP. the brought forward and carrigd fi)rw8rd fvnds abovo have been agreed to the Balance SheeL A separ* Stat8m8nt of Total Re(x)gnised Gains L08S8S 15 not required as this statèment indudes all recognised gains and I￿se$. All adiviti8s darive from continuing operations Th• note• ailx¢hed on pagos 17 to 30 lomi an Integrnl part of th•80 a¢¢ounts. 12 The Foundation Years Trust- Statement of Financial Activities for the year ended 31 December 2024 The Foundation Years Trust - Analysis of prior year total funds. as required by paragraph 2 of the SORP PrlorY•ar Prior Yoar Prfor Y•ar Total Funds Funds Funts 2023 Incarne & Endowm•nts from: Donations & Legacies Charitatle actiwtie8 Other tradKy adi¥itses 1n*stffl￿ts 89.816 85.182 65,041 174.998 65A91 2,821 1821 Total Incom• 93.087 150.223 243.310 Expondlluro on: Charitth activit88 105,786 158,539 264.326 Tax on surplus on ordinary activities Total •xp•ndiiure 106.786 158.639 2H326 Not In¢om• for tho y•ar (12,699) {8.316) (21.015) N•t incorno aft•r tran•f•rn (12,699) {8.316) (21,015} N•t m¢>vem•nt In fund• {12.699) (8.316> (21.016) Rrtonclllatlon of fund•:. Total funds brought forward 103.888 151881 Total funds carrlod forw• 91.189 40.67T 131.866 All actlvlties derive from Conlinuing operations A separate Ststement of Total Recognised Gains and Losses is not required as1his staternent inthdes all recognised gains arKI10s8es.' Th• notss att•ch¢d on paw 17 to 30 lo￿ an Intsgral part of th•9? accounts. 13 The Foundation Years Trust- Statement of Financial Activities for the year ended 31 December 2024 The Foundation Years Trust - Resources applied An the year ended 31 December 2024 towards fixed assets for Charlty use:. 2024 2023 Funds g8n8rnt8d in the year as detailed in the SOFA Resour￿ applied on fimctional fixed assets Other applications of funds (785) Net resources available to fvnd charitablo activities Movements In revenue and capital funds for the year ended 31 December 2024 Revonuo accumulated funds FundB F￿dI 2024 Fund• 2024 Tol•l Funds AC￿Mulated brought foThvard Recognised gains and losses before transfers clo￿n9 rov•nu• fund• 91,189 40,677 131.866 152.881 (13,867) 77.322 8,425 (5W) 126N24 (21,015) 131,866 49.102 Deslgnatsd revenue funds Included vAthin the unréstrlcted funds abov• Total Fund• 2024 Total F￿d5 2023 At 1 January Transfer {toNTrom rovenuo accumulated fvnd8 74.859 (21.370) 74.859 At 31 Doc•mb•r 63889 74.859 The wrposes forwhith these funds haNB been designated are desctibed in Nots 19 to acC￿nts. Summary of funds Total Fund• Last Year ToLIl F￿d5 Funds 2024 2023 Revenu9 ac(wmulated funds Rovenuo deS￿nated fvnds 23.833 53,489 49.102 72.935 53.489 57,W7 74,859 Tolal funds 77.322 .102 126N24 131.866 Thè nots8 atta¢hed on pagas 17 to 30 fomi an integral part of thes• accoun 14 The Foundation Years Trust - Statement of Financial Activities for the year ended 31 December 2024 The Foundation Years Trust Income and Expenditure Account for the year ended 31 December 2024 as required by the Companies Act 2006 2024 Income from operalions 191.520 240,489 Investrnenl incomg Interest recerdjle 3A56 2.821 Grou in¢om• In the ￿ar bgforg ex¢eptlonal i18ffl5 194.976 243.310 fkn I￿oM• In thè y•ar Inc￿dIng exupllonal Items 14976 243.310 Charitsble expenditure. excluding depreciation and amorfisatlon Depreciats'on aThJ amorlisalion Govemanca costs Reali8fyJ losses on disposals of social inv8slments which are programme relatad 197,345 260.797 T(thl •xpendtture In the year 200N18 264.325 Not incom• boforo tax In tho flnancl•l ygar {21.015) Tax on surplus on ordinary activities Not In¢om• aftor tax In tho flnan¢lal y•ar 16M42) {21.015) Retalned surplus for the finanGlal yoar 5842 21.015 All activilies deri￿ from continuing operations In accordance with the PrO￿510￿S of the Companies Act 2006. the headiros and subheadings used in the In￿rne and Expendibjre account haNe adapted to refiect the spec481 nature of the charitls activities. The attach•d on pag•s 17 to 30 lovm an intsgrnl part of thmg ac¢ounts. 15 The Foundation Years Trust - Balance Sheet as at 31 December 2024 2024 2023 Fixed assets Tangible assets 618 1.599 Current assets 11 951 130,692 4.626 162.075 Cash at bank and in hand Total curr•nt as8•ts 131.643 166.701 Croditorn: amounts fallng duo within on• yoar 5.837 36.434 N•t current a88•ts 125.8C 130,267 The totsl not assets of thg ¢hartty 126.424 131M66 Th• total not •88•ts of thg ¢harlty arg funded bythe funds of th• charity. as follow8:_ RMtrict•d fund• Restricted Revenue Funds 16 49.102 40.677 UnMtrlct•d Funds Unrestricted Revenue FurKIs 16 23,833 16.330 008Igmt￿ Fund• Desynated Revènue Funds 16 53,489 74.859 Totsl charlty funds 126,424 131.866 The'SORP Ref indicated above is the classification of Balan￿ Sheet items as set oui in the fomial SORP documents. As required by paragraph 4.60 of the SORP. the brought forward and carried forward funds above have been agreed to the SOFA. Thè diredors are satisfied that the cfflipany is entitled to exemption from th8 requirement to obtain an audit under section 477 of tho Ctynpanios Act 2006. The membern ha%* not required the company to obtain an audit in accordanf% Y￿th section 476 of Ihe ACL Tho dire¢torJ ad(nowledge their responsibiliiies for complyirwj Y•ith the requirements of the Companies Act 2Q06 with respect to accounting words and ￿ preparalion of accounts. The dMrity is $ubje¢t to Independent Examinatsn urKler tharity legislation, and report of Ihe Independent Examiner is on page 11. The financial statements have b88n prepared in accordan￿ with the provisions in Part 15 ofthe Companies Act 2006. aFf4i¢able to companies subJ'8ct to the small c and Income nwxchawe transactions (gifts). investment income arKI other In¢(ffie. In¢om• from exchango tran8ac11ons is received by charity for goods or Servi￿ Supplied under contract or wh8re entiilernent IS subject to fulfil&'ry perfonnance related condition5. The inciTho the thanty receives is approximatsly equal in value to goods or services supplied by the charity to the purthaser. Income from a non*xchange transactlon 15 V￿￿re the charity receivas value from the donor Ithut providirKJ equal alue in excharwje. and includes donats'ons of money. goods arKI seTrices fre81y v*ithout givirvJ equal valu9 in Incorne rncognhlon Income. ￿￿ether from exth8nge or Th)n exchange transactions, is recognised in the statement of ffinanci81 acliviti8s (SOFA) on a receivable basis, when a transaction or other event results in an increase in the tharity's assets or a reduclion in ts fthilities and only V4tsn the charity has legal entitlemen( the irKome is probable and can be measured reliatAy. Inc(The subject to tems and conditi(￿S *thich must be met beft)re the (*anty 1$ ent"Iled to the resour(w is not recOgn￿d until the condilions ha%* boon meL Al income is accounted for gross. bofore deducting any related fees ￿ costs. 17 The Foundation Years Trust Notes to the Accounts for the year ended 31 December 2024 Rocognllion of liabllitles and •xP￿di1urQ A liatility. and the related expenditure. is recognised lthen alegal or 0)nsb￿ctI￿* obligation exists as a ￿sUIt ol a past e￿n( and ￿en it is more likely than not that a transfer of economic banofits *ill be required in settlemert and vkngn the amount of the obligation can be measuwj or rebabty estimaled. Liabilitses arising from fuknre fvnding comrnitments and constnKaibE obligations. induding pefftlmiance related grants. Th*we the ts'miro or the amount of fuiure expenditure required to settle the oblffjation are Un￿rtaIn. give rise to a provision in the xcounts. which is reMewJ at the a(￿unlIng year end. The Pr￿A$10n is increased to rellect any In￿ase$ in liabilities. and is decreased by the utilwtion of any provision ¥Mthin the period. and reversed il any provision is no longer required. These moveménts are chaw ￿ credited to the respectiN* fijnds and actimties to which the provision relates. VO￿nte8￿ In accordance the SORP, and in recognition ofthe difficulties in plaang a monetary value on the contribution from volunteets, the contribution of volunteers is not included within the income of the tharity. HO￿ver, the Trustees really valua tha contribution made to the adivities of Ihe charty by unpaid volunteers. Pollei•s rnlating to assots liabiliti•$ andprovlslons and oth•r matters Tanglbh fix•d u••ts Tang*)k fixed assets are measured at their original cost walue. or subsequent revaluation. or if donated, as d8scrlJed ab￿. Cost value includes all costs èxpeTh19d in briThJing the asset into its intsnded ￿￿rkIng conditton. Depreciation has been provided at the followirKJ rates in order to ￿118 off the assets to their 8nticipat6d residual value over their estimated usefu5 liv6s. Fithres and fithngs 33 % Straioht line Debtors are moasur&l at thoir recoverable amounts at the balance shoot date. Creditor• and provl•lon• Credil(x5 and provisions are rec(¥Jnised where th8 charity has a present L*)ligation resulting from a past ebpnt that will probabty result in the transfer of funds to a third paty and the amount due to settle the obligation can bo measured or estimated reliably. Creditors and provisions are nonnalty recognised at their setuement amount after ￿lo￿ng for any trade discounts due. Flnon¢lal Instrumonts including cash and bank balances Cash held by the charity is included at the amount acbjally held and counted at the year end. Bank balan(%s. Whether in credit or oVerdfii￿. are shobyn at the amounts properly reconciled to ts bank statsments. Fund Accounting Unrestncted funds are available for use at the discreti￿ of the Trustses in furtherance ofthe general objectives of the charity. Designated fvnds represent fvnds ear-marked for specific njnning ¢05ts of the Charity. RestsirAed funds aro subjected to resthdions on their expendilure impowj by thg donor or through tho lorms of an appeal or as implied by law. There are no end¢Mnent fvnds. 18 The Foundation Years Trust Notes to the Accounts for the year ended 31 December 2024 2 Liabilty to ta&ition The Trustees consider that tho tharity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finanr* Art 2010 for UK corporation tax purposes. Accordiryty. the Ch*ity i5 Wtentially oxempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of CoTporation Tax Arl 2010 or Sedion 2￿ of tt Taxatwjn of Char(Jeable Gains Act 1992. to the extent that suth irKome or gairA are applied ex¢lusNety on tha specific charitable objects of1he charity and for no other purpose- Value A(JJed Tax is not recover*le by the charity. and is th&reforn indudad in the relevant in th8 Statement of Financial Activitw. 3 Wlndlng up or dlssolution of the charfty If w)on wir#Jing up or dissolub.on of the charity there remain any assots, after the satisfac*"on of all debts and liabilities. the assets represented by the a¢(￿M￿ted fund shall be transferred to soffle other charitable body or bodies ha%ryng sxnilar objects to the th￿lty. 4 Signlfkance of financial Instruments to the charitys position There are rto significant implicati￿S of such matters. 5 Net surplus beforn tax In the financlal y•ar 2024 2023 net surplus before tsx in the fu)ancial year is stated after charging:" 981 7,787 Pension costs 9,038 6 Staff costs and emoluments 2024 2023 Gros8 Salaiies exdudiThJ trustees Empbyefs National Insurance for all staff Empbyefs opwating (a)sts ot defined Contribut￿ p8nsion schgm 158,782 8,260 7,787 190,818 10,668 9,038 Total 8•l•rlos, wages and rnlated Costs 174.829 210.522 No employees recelved ￿lurnents {exthdirB pension costs) in excess of £60.CO) par annum (2023.'£nil). The eslimated equivalent number of fill timg slaff deployed in different aclimlies in th8 yearwas'.- Engaged on charitable adiNili8S Engaged on administration Engaged on management and administralion The estimat¢d full rfm• equlvalont mimber of allstaff •mployed Neitrer the Trustees nor any persons ¢onne¢ted recei%pd any remuneration from the charity or any related entity. ellher in the ujrrent or prior year. 7 Remuneration and payments to Trustees and pgr50ns connoctod wlth them No Trustees or p8rsons them recei%ed any remuneration from the charity. or any related entity. 19 The Foundation Years Trust N(kns to the Accounts for the year ended 31 December 2024 8 Trustees. expen585 The eypenses reimbursed to Trustees, or paid directty to third paities. in the current or prior year, was as shovm below. 2024 2023 The anount reimbursed to Trustees 133 244 The natura of the Trusts88' eynses was travel and subsisten￿. The number of Trustees. to eyPer￿S ware reimbursed vrds t￿. Tangible fixed assats Flxturn•. flttlngs & •qulpment Cun¥nt Y• Land and Bulldlngs Motor Vehlclos Total C￿t At 1 January 2024 6,392 6.392 At 31 Dg¢ember 2024 6,392 6.392 Dèprnelatlon At 1 January 2024 Charge for the year 4.793 4.793 At 31 Dec•m￿r 2024 6,774 S.T14 Not book valuo At 31 Decembor 2024 618 618 At 31 Do¢•mlx•r 2023 1.599 10 Parlner Funds - Funds r•c•iv•d 4$ lead partner on behalf of thlrd path not included in these Ferrfes Famlly Grw)$ Caritas Diocese of Shrthysbury Koala North West Shaftesbury Youih Club Citizens Advi Invol¥E NW 19,638 19.5(M) 20.525 25.0(Kl TOTAL 88.663 20 The Foundation Years Trust Notes to the Accounts for the year ended 31 December 2024 11 Debtoffs 2024 2023 Prepayments arnl acuued income 951 4.626 12 Creditors= amounts falling due within one year 2024 2023 125 1.800 2,881 1.031 Acuuals PAYE. NIC VAT and other taxes Other creditors 31.511 3.649 1.274 6.837 36A34 13 Income and Expenditure account summary 2023 At 1 Janu•ry 2024 Sury)Sus after tax for thg year 131.866 (5.442) 152,881 (21,015) At 31 Dec•mbor 2024 126824 131.866 14 No related party transactlons There ￿re no transactions wilh rnlated parties in the year. 15 Partkulars of how partlculaf funds aro represented by assets and liabiliti At 31 t>aGemb•r 2024 fund funds fund• Fund• Tangible Fixed Assets Cufrgnt Assets Current Liabilities 618 82,541 (5.837) 618 131.643 16.837) 49,102 77.322 49.102 126N24 At 1 January 2024 fvnd$ funds fvnd• Fund• TarKJible Fixed Assets Current Assets Current Liabilities 1.599 51,165 {36,434) 1￿99 166.701 136M34) 74,859 40.677 16.330 74,859 40.6TI 131.866 21 The Foundation Years Trust Notes to the Accounts for the year ended 31 December 2024 16 Change in total funds over the year as shown in Note 15 , analysed by individual funds Funds brought Movemèrt in Transfar6 Funts ¢aThled fornawd from funds In 2024 funth in 2024 8•• N(rtè 17 S•• Nate 18 Unrestricted Ra¥wu8 Funds D68ignated Revenkny Fundg 16.330 74,859 (13.867) 21.370 121.3701 Totsl unro•trlctod and d•signated fvnd• 91,189 13,86n Tl.322 The National Lottery Communty Fund PaI￿rShIPS North Westem Region Steel Charitable Twst PH H¢)tt M•Jents Living Wifral Lifelong Leamiry corrtract Wirral Borough Council Alliance The Levfin Trust Northem Consortium Uoyds Bank Foundation 27.3CKI (4.294) {1.034) (4.725) (4.469) (1.420) 2,203 6,131 7,105 8,928 1.034 4,725 4,469 1,420 1.729 3,932 6.131 7.105 8.928 Total rnfjtrlctod fund• 40,6TT 8.426 49.102 Total ¢h•rfty fund• 131.886 (5A42) 126A24 17 Analysis of movements In funds ovor the year as shown in Note 16 Incixn? Expgnd*ur• Galns & Lo•• In fund• 2024 2024 Unrestrithd Révenué Funds 42.719 (56.586) 113.867) The National Lottery Communty Fund Partharships North W Wirral Borough Council family hubs St881 Charitable Tntst PH Holt Magents Living Wirral Lifelong Leaming contract W¢rral Borough Council Allian Wirral Borough CounGiI Bofriending The Le*in Trust Northem Consortium The Lbyd5 Bank Foundation 20,462 14.400 (24,756) (14,400) (1,034) (4,725) (4,469) (5,139) (57.797) (4.167) (8.869) (9.404) {9.072) (4294) (1,034) (4,725) {4A69> {1A20) 2203 3.719 4.167 15.(KKI 16.509 18,(KKI 131 7.105 8,928 194.976 (200,418) The Foundation Years Trust Notes to the Accounts for the year ended 31 December 2024 18 Details of trdnsfers between funds 2024 Tol{fr(vn) Unrestricted Re￿nue Funds Tal{fnTh) Designated Revenue Funds 21.370 (21.370} Nèt transfer8 19 The purposes for vthich the funds a8 detalled in note 16 are held by the charity are:. These fuTrJs aro held for the meeting th8 objectives of the charity aThJ to pr￿ide reserves for future activities which. subJ"e¢t to chanty ￿lSIatiOn, are fr88 from all restrictions on their use. These funds are also free from all restrictiorts on use. HO￿r¥er, they have been designated to cover essential runnirKJ or salary costs to ensure Fyr can continue to meet ivs 8tatsJtory oblwbon8 and plug any gaps in fundi fr(*n othèr donorn. Unrestricted Re￿nu0 Funds Designatsd FurKIs Three year fijndlng forwlrral Parthorship for Thriving Fami1S0s. Thi$ is in pathorship with lQ>ala North West. FeThies Families. and Caiitss Dioce80 of shre￿lury and only the amount of gfant du8 to ts Foundalion Years Trust is shovm as incorne. S88 also note 10. This was a grant towards the School Programrnes CoordI￿r arKI the Communty Engagement Coordinator. The final tranch8 of a three year grant to Impro￿ speech and languagg d8velopm8nt of children 1¥2 years. with a focus on children transitioniThJ to nursery with prath.cal actibryties in order to be 3chool ready. Grant to run i¥w nthv parent a￿1 chikl grow at Magerrta Ccrtnmunity Centre5 bets4pen SePt￿nber 2023 and July 2024. Fwmts received towards the wnniThJ of 'MulliFW groups. This represents year funding of the Earfy Alliance project in parthership th Koala Noth WesL The National Lottery Communty Furrfj Partr￿ShI>S North Westsm Region Stael Chwilab18 Tn￿t PH Holt WiThal Lffelong Leaming o)ntra¢t rral Borough c￿n¢11 Alliance 20 Uftimate controlling party The tharity is urthr the control of its legal members. E￿ry member of the charity is Obl￿8d to contribute s￿h amount a8 may b8 requirad not 8xcèediry £1 to th8 assèts of the company in the event of ts b￿"n9 wouThJ up while he or she is a member, or within one year after he or she ￿SeS to be a member. 23 The Foundatlon Years Trust Detailed anatysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015 This analysis is classsffied by conVentiw￿ nominal descnptions and not by acts￿. 21 Donations. Grants and Legacies Cumt year Current yoar Curngnt year Prfor Y•ar u￿reS￿Cted Ros￿¢thd Totsl Funds Tot•1 Funds Funds Fund$ 20 2024 Donatlons and gllts from Indlvldualg Smal donations indiv￿Ually less than £1000 378 378 91 Totsl donatlom and glfta from Individuals 378 91 ¢uThentyoar CuYv•nty•v Curronl yo*r Prtor Y￿r Fund• Funds Rwonu• grmts from gowmmont and pul)lic l)odlè8 The National Lottery Community Fund Wi￿al BoTough Council Fanily H Wirral Borowjh Council Cost of Living DFE via National Literary Trust 20,462 14.400 20,462 14,41MI 22,275 6.698 10.700 Totsl publlc •ector rnvenuo grnnts 4862 ¥862 39,673 R•v•nuo gr4nts from govornment and publlc IM)dlo - Prlor Y•ar anatysls prtor Y Prfor Y•or Prlor Y• Fundj 2023 Fund• 2023 Total Fund PrlorY•ar 39.673 39,673 24 The Foundation Years Trust Détsiled anatysis of income and expenditure for the year ended 31 December 2024 as required by th• SORP 2015 CuThentyaar CuTrntyw CuThentyw Prforyw Tolal Funds Total Funds F￿d$ 20 Funds 2024 Reven￿ grants and donatlonl from non publlc bodios Small grants indivhjually less than £100) Uoyds Bar& F￿ndatIon Norlhem Consortium The Le¥%in Trust Anne Duchess of Weglminststs Fund The T￿JOr Tnjst John Amirt48 Charilablg Trust Garfield Weston Steel Ctwitsbl8 Tnjst PH Holt 2.399 18.(KK) 16.509 15,000 18.000 14509 15.000 9.500 5.000 24.025 4025 37.225 20.000 10.000 8.000 7.610 10.000 Pilkington. Kelly Famity Duchy Lancaster, Eleanor and Elizabeth Rathbone Total prfvat• 8•ctor r•v•nuo grnnt• 38.$26 49.509 135234 Rev•nug grnnts •nd donatSon8 from n•Jn publlc bodlas {Includ• Glft Ald donatlons from sub•ldlarlg8) - Prlor Year anatysls Prfor Y•ar Prfor Y•ar Prfor Y•nr Fund• Fund Total Fund• 2023 Prior Yoar 89,725 135334 Tolal Donatlons. Grants and Legacies 84.371 123.274 174.998 Prfor Y••r Tolal Funds 2023 Funds 2023 Funds Total Donations. Grants and Legacie5 35￿16 85.182 174998 25 The Foundation Years Trust Detalled anatysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015 22 Income from charitable aclivilies - Trading Activities Cunent ygar Cunentyev Cunvnt yoar prtor Y•ar Funds Totsl f￿￿5 F￿d$ Funds 2024 202J Prfmary puTros• and anc511ary trading Total Prlmary purpo•• and anelllary trading 23 Charitable Income from funders Curnt y•ar CuYf•nt yex Cumt ymr Pvlor Y•or Tolal Funds Totsl Fun Funds Fund• 2024 Contsactual ￿￿non1* from public bodles to fund Charilabh a¢tlvlllo Wirral Borough Council Wirral Borough CowKil Lifelong Leaming Bourough Council BefriendiTrJ o.ooo 3.719 57,603 7,438 3,719 4.167 4167 Tolal ￿ntracts￿l p•yinents from public 67,886 67.886 66.041 ContraGtsJal ￿￿inen1¥ from public bodles to fund charllable xtivllim . Prfor Yoar analp Prlor Year prtor Yoar Prfor Y Funds Fund Totsl F4uMts 2Q23 2023 2023 Prlor Year 65.041 65.041 Fund¥ FubMIs Totsl Fund¥ Prtor Y Totrl Funds 2023 2024 2024 2024 Total Charitable Income from funders:. Current yw. In¢¢)me from fundor8 67.886 65W1 The Foundation Years Trust Detailed analysis of income and expenditure for th• year ended 31 December 2024 as raquired by the SORP 2015 Prfor Yoar Prioryear Y••r Funds Funds Total Fun 2023 Prforyw. Income from fundors 65.041 65.041 24 Tolal Incom• from charitable actbvltlos Clwxorbt yw Cuyrnnt Cuff•ntygv Prfor Y• Talal Funds Funds 2024 2024 2023 Total inccffne from charitable activitRs Income from fvndern 450 65.041 Totsl from ¢h•rltsbl• *elMll•s 360 67.886 68.246 Income from charftabh actlvlllo0 - Prfor Ymr •naly•lb Prfor Yoar Prfor Ywr Prlor Yo•r prfor￿f Fun Fund¥ Total Fund• 202¥ Totsl income from chaTita)1g acliNilies Incorne from funders 450 65,041 85.041 65.041 65M 25 Investment income Cuyrnntyoar ¢uTh•ntygw Cyrnrtyw Prfor Y•ar unrn8tr*tOa R•sthctod Totsl Funds Total Fund• Funds Funds 2024 2023 Bank Intwest Receivable 3NSG 2.821 Total Invoslment Incom• 3A 2.821 27 The Foundation Years T￿￿t Dètsiled analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015 Expenditurn on chaiitablo activities - Direct spending CuThentyoar Cuffent yw Curnt yw Prfor Year Total Funts Totsl Fund• Cuffent Year Funds 2024 2024 2024 41.283 2.148 117.499 6.112 158.782 8.260 190.816 10.668 EmpJoy6r8' Nl . Charitable aclivi11o Defined Contri￿lon pension costs . ctwitable actr41t￿$ Prograrnme delivery & shared costs 2,429 7.787 9.038 8.171 29,252 Total direct spending 136.778 183.000 239,774 Prlor Y•nr Prfor Y••r Prfor Ywr Talal Funds ior Year Fund• 2023 Funds Gross wages and salaries- charitth aclivilies EmployeTr' Nl . chan￿le aclivitss Defin•J contritxrfion pgnsion costs - charitable athilies Prograrnme d8livery & 8hated costs 58.612 3.531 132.204 7.137 190.816 10,668 9.038 19,152 10.1(K) 29.2S2 Total dlrect spendlng 84,829 164.945 239.n4 27 Expenditure on charhable actlvitles - Charitablo tradlng Curmrt Curronl yov Cunont yMr Prfor Y Un￿￿tIOd Total FundB Totsl Fund¥ Fund• CUrr￿t Year Fund 2024 Re811ocated fr￿Tr support costs 11,479 3.847 15.326 21,963 Tot41 ¢h•rft•bkn 4¢1Mll¢• ¢o•ts 11rt79 3￿47 16.326 21.963 28 The Foundation Years Trust Detailed analysts of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015 28 Support costs for ch￿itable activitles Currenl y••r Curventyw Currnnt yè•r Prlor YoAr unmsvic*d T¢>tal Funds Total Funds Funds 2024 2023 Employee costs not included in dlrect costs Training and ￿lfare- staff Payroll fees and tharges Tr￿1 arKI subsistsnce- staff 152 1.238 603 735 Vdunteers. expenses 29 Rent 1,195 1.625 2M20 IT. *pbsits and phones stationery and pfintirKJ Pthlicati¢)ns and subscrpbons Insurance 3,932 37 267 981 1,807 1,172 5.739 1.209 7,246 2.289 224 810 Ba￿ charges Depreriats.(￿ & Amothallon In tolal for the period Support costs before reallocatlon 16.326 21.%3 To ¢haritable actsvibeg <11.479) (3.847) {15,326) {21.963} Total support costs - Current Y•ar (3207) Support costs for charitable actlvili8s - prior year EnWoye• costs not included in direct costs Training and wylfare. staff Traval arKI subsistenc£- staff 1.119 2.064 2.090 625 IT. ¥wbsite and phor*s ststionery and Fyinting 1.283 741 18.369 3.594 21.963 Totsl support costs - Prior Year I3￿54) 3￿94 29 The Foundation Years Trust Detsiled analysis of income and expenditure for the year ended 31 December 2024 as raquired by the SORP 2015 29 Other Expenditure- Governance costs Currnntyoar Cumbnt yw Cumntyèw Prfor Y•ar Totsl Fund• Total Funds Cuffent Year Funds Funds 2024 2023 IrKlepwNJ8nt Examinerfs fees I￿00 133 159 1.81)0 244 133 159 Total Govomance costs 1092 2.092 2W8 30 Total Charilable expenditur• Cwr•rt yMr Current y•*r Curv•nl ￿•r Prfor YoAr Tow Funds Tolal Funds Current Year Funds Funds Totsl direct S￿ndIng Tolal charrtable athvities costs Tolal support costs Tolal (*)¥eman(￿ costs 46.222 11.479 {3.207) 2.092 136.778 3.847 3.207 183.000 15,326 239.774 21,WJ3 1092 T•)tal ¢harltablo expgndltur• 143￿32 200A18 264.325 prtor Y Prfor Y•ar Prlor Yoar Funds Funds 2023 Totsl direct spending Total charitable *aivili8s costs Total supwt Costs Total Govémance costs 84.829 21.963 (3,594) 2,588 154,945 239.774 3,594 Total charilable exp￿dIlUr? 105.786 158.539 264.325