REGISTERED COMPANY NUMBER: 08608656 (England and Wales)
REGISTERED CHARITY NUMBER.. 1154245
Report of the Trustees and
Consolidated Unaudited Financial Statements for the Year Ended 31 July 2024
for
Future-Fit Foundation
(Llmited by Guarantee)
Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Future-Fit Foundation
Contents of the Financial Statements
for the Year Ended 31 July 2024
Page
Report of the Trustees
Independent Examiner's Report
Consolidated Statement of Financial Activities
Consolidated Balance Sheet
9 to 10
Consolidated Cash Flow Statement
Notes to the Consolidated Cash Flow Statement
12
Notes to the Consolidated Flnancial Statements
13 to 17

Future-Fit Foundation
Report of the Trustees
for the Year Ended 31 July 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report
with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the
provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity as set out in its governing instrument are:
1. To promote ethical investment for the public benefit so as to advance:
a. The relief of poverty.
b. The protection of the environment.,
Compliance with the law and ethical standards of conduct., and
d. Such other purposes as may be effectively advanced by such promotion which are charitable in law.
2. To promote sustainable development for the benefit of the public by the promotion of sustainable means of
achieving economic growth and regeneration.
3. To advance Ihe education of the public in the principles and effects of ethical investment and subjects relating to
sustainable development and the protection, enhancement and rehabilitation of the environment and to promole
study and research in such subjects provided that the useful results of such study are disseminated to the public at
large.
Sustainable development means "development which meets the needs of the present without compromising the
ability of future generations to meet their own needs.
The principal aim of the charity is to develop, steward and promote global, open-source, scientifically rigorous,
fulure-focused frameworks which identify the extra-financial break-even point of any organisation. The current
framework being developed is known as the Future-Fit Business Benchmark (the "Benchmark") and will be used to
help businesses, investors and the general public try to improve their impact on the world by encouraging
sustainable development and promoting ethical investment. In time, it is hoped that resources will be available to
enable framework development lo be extended to measure the future-fitness of households, cities and countries.
The main objectives of the charity during the year covered by the annual report were:
a) To develop a long-lerm funding model to enable the charity to carry out its aims and work.
b) To continue the development of the Future-Fit Business Benchmark., and
c) To continue the development of the global Future-Fit community.
Significant activities
The strategy for achieving the objectives and the principal activities undertaken during the year..
This was the first full year of operations since relaunching the organisation post-pandemic in Q4 2022 and
represented a transitional year as the organisation sought to establish a solid platform on which to build going
forward. The primary activily was relaunching the community programs (Changemakers, Accredited Advisors and
System Changers) to act as a source of revenue and create ongoing momentum around the Future-Fit
methodology, thereby enabling the pursuit of the other objectives. This approach has worked well and the
organisation ended this period with a strong pipeline of opportunities for the year ahead.
Public benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public
benefit when reviewing the charity's aims and objectives and in planning future activities.
Page 1

Future-Fit Foundation
Report of the Trustees
for the Year Ended 31 July 2024
OBJECTIVES AND ACTIVITIES
Work of individuals working in and with the charity
The charity is led on a day-to-day basis by Martin Rich (Chief Executive Officer) reporting lo the board. The charity
employs one olher full-time member, Alisa Smirnova. Jahangir Kaba (former Finance Director) continued to
oversee financial and reporting matters paid on an as-needs basis until retirement in April 2024. His services were
subsequently outsourced to Thickbroorn Chartered Accountants at favourable rates.
Page 2

Future-Fit Foundation
Report of the Trustees
for the Year Ended 31 July 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
A review of the achievements during the year against each of the objectives set out in the previous section
a) To develop a long-term funding model lo enable the charity to carry out its aim and work.
The charity sought additional grant funding from a range of philanthropic sources, but unfortunately the market
remains extremely difficult for finding new sources of support. Nonetheless, whilst no grants were secured during
this period, two substantial grants were secured early in the next financial period and these will provide sufficient
resources to keep the organisation moving forward.
Recognising the difficulty and inconsistency of grants, the charity also focused on developing a range of diverse,
repeat income streams. Primarily, this meant building the revenue from the Accredited Advisor and System
Changer membership programs. Additionally, new potential revenue streams were identified through the creation of
'Local Chapters,, namely self-funding, semi-autonomous country-based communities of Future-Fit users which pay
an annual membership fee to the charity. This concept was positively received and the first chapters are
anticipated to launch around the end of 2024. Finally, the opportunity to develop a Software-as-a-service offering
to sell lo businesses adopting the Future-Fit methodology was explored. The market response was very positive
and a range of approaches was tested, based on different funding and development pathways. This concept will
continue to be developed in the year ahead.
b} To continue the development of the Future-Fit Business Benchmark
The Future-Fit Business Benchmark has been developed from a set of systems science principles that must be met
in order lo maintain a sustainable planet on which humanity and other life can flourish on Earth forever. The
benchmark consists of a sel of 23 Break-Even Goals, each with a corresponding progress indicator, that
businesses must achieve to reach social and environmental break-even - that is, become fully "Future-Fit" It also
incorporates a set of 24 Positive Pursuits - categories of actions that businesses can lake to restore past damage
to the system conditions and help others make progress toward future-fitness.
Further developrnent of the Benchmark during this period was not possible due to lack of resources. However the
core Benchmark methodology can be found online via the charity's fully inlegrated 'learning hub, whereby all the
guidance is available as one easily accessible resource (https=//benchmark.fulurefitbusiness.org). All other tools
and
resources
can
accessed for free
{https'.Ilwww.futurefit.community/spaces193149081feed).
through the charity's
Changemaker Community
c) To continue the development of the global Future-Fit community
The charity's three programs grew strongly during the period:
-The online Changemaker community grew from c.800 members to c.1,350 by the end of July 2024.
-The Accredited Advisor program for consultants grew to c.20 members.
-The System Changer program (previously known as the Pioneer program} introduced three stages Engaged,
Embedded, and System Changer - representing incrementally greater usage of the Future-Fil methodology. By the
end of the period c.25 companies were formally part of the program, with many more considering membership.
The Fulure-Fit Asia-Pacific Alliance continues to grow and meets monthly online to share progress and support.
This alliance has spawned the first potential Future-Fit Local Chapters in Australia, New Zealand and Singapore. In
addition, conversations are developing to launch Local Chapters across Europe, as well as in Brazil, China, India,
Japan and the Middle East.
Page 3

Future-Fit Foundation
Report of the Trustees
for the Year Ended 31 July 2024
ACHIEVEMENT AND PERFORMANCE
Investment performance
No new grants were received in the year, but significant grant funding was secured early in the next financial
period. The charity has earned c.£45k of income from a range of sources, primarily from membership program
fees.
The charity is grateful to receive significant in-kind support from Baker & M¢Kenzie.
Other information relevanl to the understanding of the charity's activities and achievements.
Readers are advised to visit ww.futurefitbusiness.or
and achievements.
for a full understanding of the charity's activities, objectives
FINANCIAL REVIEW
Financial position
Grant income secured at the end of the previous financial year provided the resources to start building a regular
flow of repeat membership income and lo develop a clear strategy for growth. Earned income of c.£45k fell
compared to the previous financial year, but represents repeat income from a wide variety of parties rather than
one-off income from a single business. No new grant income was received during the period, but two significant
grants were secured early in the next financial period (see post reporting update). The charity therefore finished Ihe
year in a positive financial position, with good visibility of ongoing income and a very positive outlook for the next
twelve months.
Principal funding sources
The c.£45k of earned income came primarily from membership fees for the Accredited Advisor and System
Changer programs. Community program and related income increased steadily over the period as awareness of
the relaunched schemes grew, with previous mernbers re-engaging and new members joining.
The charity's principal expenditure during this period was on salaries, tax and National Insurance for the team's
work delivering the above work. The other main items of expenditure relate to travel, IT and website costs. The
team continued with a combination of working from home and in office space kindly provided for free by a variety of
organisations.
Investment policy and objectives
The charity currently maintains a modest balance of funds, all of which are held with CAF bank. As all the capital is
currently allocated to salary and expenses in the short-term, none is available for investment. However, the
trustees will review how funds are invested when larger sums are in hand.
The trustees seek to invest ethically, sustainably and in line with the objects of the charity, considering social and
environmental impact. The trustees will try to balance financial return and social return and will actively consider
investments with a potentially lower financial return in order to have assurance that the investments have a positive
impact on society and the environment and are in line with the charity's objects.
Page 4

Future-Fit Foundation
Report of the Trustees
for the Year Ended 31 July 2024
FINANCIAL REVIEW
Reserves policy
The trustees have agreed to try and holdlhave available a minimum of three months reserves. As of the end of the
reporting period, the charity had modest ongoing expenditure and hence is in alignment with this policy. The total
unrestricted reserves at the year-end amounted to (£13).
Funds in deficit
The charity had no deficit at the end of the year and does not anticipate future deficits.
Post-reporting period update
A grant of £50,000 was received in September 2024 from a corporate mernber of the 10/0 for the Planet initiative. A
further grant of c.£200,000 is expected from the same donor in Q12025. Together these provide a solid base for al
least the next twelve months, enabling modest growth of the team and further development of the organisation's
plans for long-term sustainability.
FUTURE PLANS
The charity has two primary objectives for the year 2024125. Firstly, it will continue to grow the global community of
Future-Fit users. This will increase the organisation's impact, as well as secure greater income through
membership fees and opportunities to work with partner organisations. The role of Local Chapters to grow place-
based communities will be explored as part of this. Secondly, the charity will seek to secure sufficient funding to
restart development of the Future-Fit Benchmark methodology, ensuring it remains fully up to date and as
accessible and usable as possible.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Fulure-Fil Foundation is governed by Memorandum and Articles dated 15th July 2013 and was granted charitable
status on 17th October 2013.
Recruitment and appointment of new trustees
New trustees are appointed by resolution of the existing trustees. When considering the recruitment of new
trustees, the trustees take into account the skills and experiences required by the charity and seek to ensure that
the trustee body as whole contains sustainable development, business, investment and charitable expertise.
Organisatlonal structure
Future-Fit Foundation is a registered company and registered charity. The trustees of the charity are also the
members and directors of the company.
Induction and trainlng of new trustees
New trustees are given copies of the Memorandum and Articles, the latest Annual Report and Financial
Statements, minutes of the 3 previous trustee meetings, copies of any useful strategy documents, the Charity
Commission's Essential Trustee, and copies of the charity's Conflict of Interest policy. They must also complete a
Fit and Proper Persons Declaration, a Declaralion of Interests and sign a Code of Conduct.
Related parties
Future-Fit Foundation does not have any relationships with related parties.
Risk management
The trustees have identified the major risks to Future-Fit Foundation and systems and controls are in place to
manage those risks.
Page 5

Future-Fit Foundation
Report of the Trustees
for the Year Ended 31 July 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
As of 22nd July 2015. the Charity Commission granted 3D Investment Foundation permission to use the name
Future-Fit Foundation. As of 5th December 2017, the charity changed its legal name to Future-Fil Foundation.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08608656 (England and Wales)
Registered Charity number
1154245
Registered office
147a High Street
Clo Thickbroom Coventry Ltd
Waltham Cross
EN8 7AP
Trustees
Ms L Attenborough Company Director
Mr P Clements-Hunt Company Director
Mr C Fergusson Hr Director
Ms C Harris Recruitrnent Consultant
Ms R M Sandby-Thomas Lawyer (resigned 3111212023)
Mr R R Threlfall Management ConsLJltant (appointed 181612024)
Mr B Willard Consultant (resigned 3111212023)
Independent Examiner
Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP
Approved by order of the board of Irustees on
0810412025
and signed on its behalf by..
Mr P Clements-Hunt - Trustee
Page 6

Independent Examiner's Report to the Trustees of
Future-Fit Foundation
Independent examiner's report to the trustees of Future-Fit Foundation ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024.
Responsibilities and basis of report
As the charity's truslees 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 requirernents of the Companies Act 2006
{'the 2006 Acl,).
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(51 {b) of the 2011 Act.
Independent examlner's statement
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..
accounting records were not kept in respecl of the Company as required by Section 386 of the 2006 Act. or
the accounts do not accord with those records. or
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
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 Éhe UK and Republic of Ireland
(FRS 102)).
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 lo enable a proper understanding of the accounts to be reached.
Robert Boulton FCA
Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP
Date:
L AL12J"
Page 7

Future-Fit Foundation
Consolidated Statement of Financial Activities
for the Year Ended 31 July 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Investment income
Other income
50,242
82,038
26
443
45,306
56
179
45,306
56
179
Total
45,541
45,541
132,749
EXPENDITURE ON
Charitable activities
Charitable expenditure
76,131
2,038
78,169
94,617
NET INCOMEI(EXPENDITURE)
(30,590)
(2,038>
(32,628)
38,132
RECONCILIATION OF FUNDS
Total funds brought forward
30,577
8,152
38,729
597
TOTAL FUNDS CARRIED FORWARD
13)
6,114
6,101
38,729
The notes form part of these financial statements
Page 8

Future-Fit Foundation
Consolidated Balance Sheet
31 July 2024
2024
2023
Charity
Charity
Group
Group
Notes
FIXED ASSETS
Tangible assets
Investments
112
112
113
112
CURRENT ASSETS
Debtors
Cash at bank
8,866
6,589
2,002
15,742
2,406
54,607
2,503
55,918
15,455
17,744
57,013
58,421
CREDITORS
Amounts falling due within one year
{4,079)
(11,643)
(17,086>
(19,804)
NET CURRENT ASSETS
11,376
6,101
39,927
38,617
NET ASSETS
11,377
6,101
40,040
38,729
FUNDS
ReslriGted funds
Unrestricted funds
6,114
5,263
6,114
13}
8,152
31,888
8,152
30,577
NET ASSETS
11,377
6,101
40.040
38,729
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 July 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of
the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of ils surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to Ihe
charitable company.
(b)
The notes form part of these financial statements
Page 9
continued...

Future-Fit Foundation
Consolidated Balance Sheet - continued
31 July 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regirne.
The financial statements were approved by the Board of Trustees and authorised for issue on
.0.81.0.412.025....................... and were signed on its behalf by:
Mr P Clements-Hunt - Trustee
The notes form part of these financial statements
Page 10

Future-Fit Foundation
Consolidated Cash Flow Statement
for the Year Ended 31 July 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
40,523)
47,338
Net cash (used in)Iprovided by operating activities
40,523)
47,338
Cash flows from investing activities
Sale of tangible fixed assets
Interest received
291
56
57
26
Net cash provided by investing activities
347
83
Change in cash and cash equlvalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
(40,176)
47,421
55,918
8,497
Cash and cash equivalents at the end
of the reporting period
15,742
55,918
The notes form part of these financial statements
Page11

Future-Fit Foundation
Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 July 2024
RECONCILIATION OF NET {EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net (expenditure)lincome for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Decreasel(increase) in debtors
(Decrease)lincrease in creditors
(32,628)
38,132
920
(179)
(56)
501
8,161)
(26)
6,226
2,086
Net cash (used in)Iprovided by operations
40,523)
47,338
The notes form part of these financial statements
Page 12

Future-Fit Foundation
Notes to the Consolidated Financial Statements
for the Year Ended 31 July 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the
historical cost convention, with the exception of investments which are included at markel value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all cost related to the category.
Where costs cannot be directly attributed to particular headings they have been allocated to activities on a
basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided al the following annual rates in order to write off each asset over its estimated
useful life.
Computer equipment- 33 % on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charily.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
The notes form part of these financial statements
Page 13

Future-Fit Foundation
Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 July 2024
INVESTMENT INCOME
2024
2023
I nterest receivable trading
56
26
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure} is stated after chargingl(crediting):
2024
2023
Depreciation - owned assets
Surplus on disposal of fixed assets
920
STAFF AND RELATED COSTS
The average number of employees during the year was:
Trustees Remuneration and Beneflts
No trustee or other person related to the charity had any personal interest in any contract or transaction
entered into by the charity during the year or the previous year.
TANGIBLE FIXED ASSETS - Charity and Group
Computer
equipment
COST
At 1 August 2023
Disposals
7,672
5,2071
At 31 July 2024
2,465
DEPRECIATION
At 1 August 2023
Eliminated on disposal
7,560
5,095)
At 31 July 2024
2,465
NET BOOK VALUE
At 31 July 2024
At 31 July 2023
112
The notes form part of these financial statements
Page 14

Future-Fit Foundation
Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 July 2024
FIXED ASSET INVESTMENTS
Shares in
group
undertakings
MARKET VALUE
At 1 August 2023 and 31 July 2024
NET BOOK VALUE
At 31 July 2024
At 31 July 2023
There were no investment assets outside the UK.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Charity
2024
Group
2024
Charity
2023
Group
2023
Trade debtors
VAT
Inter-company balance
Prepayments
1,896
106
1,500
372
1,500
469
106
8,760
534
534
8,866
2,002
2,406
2,503
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Charity
2024
Group
2024
Charity
2023
Group
2023
Deferred income
Trade creditors
Olher creditors
Taxation and social security
Inter-company balance
VAT
Accruals
6,114
120
8,152
120
2,669
3,912
8,468
4,253
3,912
1,979
1,979
1,980
3,430
2,037
3,487
4,079
11,643
17,086
19,804
The notes form part of Ihese financial statements
Page 15

Future-Fit Foundation
Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 July 2024
MOVEMENT IN FUNDS
Net
movement
in funds
At
3117124
At 118123
Unrestricted funds
General fund
30,577
(30,590)
(13)
Restricted funds
Shell Foundation Emergency Fund
8,152
(2,038)
6,114
TOTAL FUNDS
38,729
32,628)
6,101
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
45,541
(76,131)
(30,590)
Restricted funds
Shell Foundation Emergency Fund
(2,038)
(2,038}
TOTAL FUNDS
45,541
78,1691
32,6281
The notes form part of these financial statements
Page 16

Future-Fit Foundation
Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 July 2024
10.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
At
3117123
At 118122
Unrestricted funds
General fund
(9,592)
40,169
30,577
Restricted funds
Shell Foundation Emergency Fund
10,189
{2,037)
8,152
TOTAL FUNDS
597
38,132
38,729
11.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024
The notes form part of these financial statements
Page 17