(Registered Charitable Incorporated Organisation registration number: 1156575) ## **Trustees’ Annual Report & Financial Statements** for the year ended 31 March 2024 ## **CONTENTS** |**CONTENTS**|| |---|---| |**Legal and administrative information**|1| |**Trustees' annual report**|3| |**Independent examiner's report**|8| |**Statement of Financial Activities (SOFA)**|9| |**Balance sheet**|10| |**Notes to financial statements**|11| ## **LEGAL AND ADMINISTRATIVE INFORMATION** Charity Name: Foundation for Change Registered Charity Number: 1156575 Principal address: 119 Shoreditch High Street, London, E1 6JN ## **Trustees** 1. Eleanor Besley-Gould: Chair 2. Caroline Simmons: Treasurer 3. Caroline East: Secretary 4. Matt Clack 5. Clifford Atkins: Legal ## **Senior Staff** Bob Bharij: Chief Executive Jayne Bullough: Head of Learning & Programme Development ## **Reference and Administrative Information** The trustees present their annual report and financial statements of the charity for the year ended 31 March 2024. The reference and administrative information set out on page 2 forms part of this report. The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (SORP) (FRS 102), applicable accounting standards (FRS 102), and the Charities Act 2011. As the charity's income exceeded £250,000 during the reporting period, the accounts have been prepared on an accruals basis in accordance with the requirements of the Charities (Accounts and Reports) Regulations 2008. This means that income and expenditure are recognised when they are earned or incurred, not when money is received or paid, in order to give a true and fair view of the charity's financial activities and position. ## **Structure, Governance and Management** Type of governing document: Constitution dated 14th March 2014 - How the charity is constituted: Charitable Incorporated Organisation 1 - Trustee selection methods: Only the board has the power to appoint new trustees. Proposals will be made to the Chair of the Board and the directors. Candidates must submit an expression of interest which is reviewed by the Chair and directors who then interview the candidate. The chair and the directors make their recommendations to the rest of the board to approve the candidate's appointment. ## **Culture and Protections** We are an equal opportunities organisation and are committed to a working environment that is free from any form of discrimination against any protected characteristic including colour, race, ethnicity, religion, sex, sexual orientation or disability. We will make reasonable adjustments to meet the needs of staff or trainees based on their additional needs. ## **Public Benefit** In setting our objectives and planning our activities, our trustees have given careful consideration to the charity commission’s guidance on public benefit. 2 ## **TRUSTEES ANNUAL REPORT** ## **INTRODUCTION** We are pleased to present the Trustee Annual Report for Foundation for Change (FfC) for the year ending March 2024. This report highlights our ongoing efforts, accomplishments, and the positive impact we've made in supporting individuals who are transitioning from drug and alcohol treatment to independent, fulfilling lives. FfC remains committed to helping these individuals reintegrate into society, equipping them with the tools to lead meaningful, active lives beyond recovery. ## **WHO WE ARE** FfC is an independent London-based charity that focuses on empowering people in recovery from substance use. Our mission is to help individuals not solely maintain their recovery but also explore their true potential and aspirations. Recognising the critical period following the end of formal treatment, we provide targeted support during this transitional time, ensuring a stable foundation for long-term recovery and personal growth. ## **OUR WORK- HOW WE DELIVER OUR CHARITABLE OBJECTS** At FfC, we engage with individuals from socially and economically disadvantaged communities, acknowledging addiction as a response to trauma rooted in systemic inequalities. We offer participants a unique opportunity to understand how social power dynamics and economic forces have influenced their lives, reframing their substance use as an understandable coping strategy. This perspective fosters healing, self-awareness, and empowerment. Through our educational programmes, participants embark on a transformative journey of self-discovery within a broader societal context. Our core offerings include Psychology for Change (PfC) and Feminism for Change (FemfC). PfC is an 8-week, mixed-sex course, focusing on personal growth and development, while FemfC, a 6-week course for women, explores the impact of sex inequality on their lives and substance use. These programmes enable participants to reclaim their voice, embrace critical thinking, and rediscover their sense of agency. ## **MEASURING OUR IMPACT** We measure our impact through a structured data collection process at key stages: course enrolment, completion, and follow-up assessments nine months after graduation. The Short Warwick-Edinburgh Mental Well-being Scale helps us track changes in participants' well-being. Additionally, we monitor sustained abstinence, reduced reliance on public services, participation in volunteering or employment, and engagement in community activities. 3 ## **HIGHLIGHTS FROM 2023/24** Some of the highlights from this year include: 1. Delivered three intakes of PfC and two of FemfC, working with a total of 51 unique individuals. 2. The completion rate for both courses combined was 88%, a significant increase from the 72% completion rate in 2022/23. 3. Graduates scored the FfC team 4 or above (a scale of 1-5 where 5 is the highest) on measures related to: creating a learning environment; being authentic and human; embodying what they taught; being trustworthy, and demonstrating taking responsibility. 4. 90% of graduates felt that their relationship to learning had positively changed as a result of doing our courses. 78% felt more capable as a result of participating. 5. At our longitudinal follow ups, 88% felt they were more active members of their communities. Our response rate to the follow ups was 49% during this period. ## **FINANCIAL OVERVIEW** In the fiscal year ending 2024, FfC's funding sources included individual donations, grants, and corporate partnerships. Our prudent financial management has enabled us to continue delivering our courses. We extend our heartfelt gratitude to all our supporters, partners, and volunteers who continue to contribute to our mission. ## **LOOKING AHEAD** The year 2024/25 will be the third of our three years focusing on building the infrastructure and strengthening the work of Foundation for Change, with specific focuses on 1) Programme design and delivery; 2) Operations & Leadership; 3) Raising the profile of our approach; and 4) Monitoring, Evaluation & Learning. Beyond this period, we will focus on **Reaching more people** : We work with around 50 people per year, working in-depth rather than breadth. From 2025 to 2027, we want to increase the number of individuals we work with, reaching 200 people over the three-year period. In order to reach this number of individuals, we will be increasing the number of intakes we are able to offer each year. We plan to diversify our demographics, particularly around race and sexuality, increasing the accessibility of our work to specific populations. We will develop the ‘facilitator pathway’ – a structured and comprehensive programme to train volunteers and staff members to deliver our courses. This pathway will be used when we replicate our approach in future. Part of this area of our work will focus on continuing to strengthen how we measure our impact, amplifying our research base to support our plans for replication. **Expanding our services** : Alongside our work focusing on individual impact, we also want to further our systemic impact, expanding the FfC Approach and philosophy into a wider range of settings. We will do this by providing paid professional training, offering consultancy work and selling learning resources both within 4 and outside of the drug and alcohol sector. Our broader aim is to contribute our voice to the growing wave of change that is encouraging a more expansive view of addiction and other responses to social inequality and a growing recognition of the trauma that lies at the root of these. **Ongoing support for trainees** : We will continue to build the FfC Community – the growing network our trainees have access to on graduating from our courses. Through events, outings in spaces deliberately intended to support our trainees to explore cultures outside the recovery community, and optional monthly check-ins, the FfC Community both brings people together and encourages the continuation of people bringing their learning to life. Building our community in this way ensures our impact is long-lasting and connects to the broader vision of our work: empowering people to be a part of society rather than excluded from it. **Continued strengthening of our infrastructure** : We will focus on strengthening our internal infrastructure to ensure long-term sustainability and growth. We will prioritise enhancing governance by expanding and diversifying our board in line with our plans for growth, while investing in leadership development and strategic planning for the organisation. To secure financial sustainability, we will work on increasing our income streams, building fundraising capacity, and improving our financial management systems. At the same time, we will enhance our human resources by offering professional development to staff, expanding our volunteer programme, and continuing to cultivate the FfC culture built around our Values, Qualities and Ways of Being. Strengthening our operational efficiency will also be key, with a focus on continuing to streamline internal processes, updating policies, and investing in the systems we need to support our growing team. Our work will also focus on improving our programme delivery and demonstrating the impact of our approach. We will continue to strengthen the monitoring and evaluating of our courses to better track outcomes and report on the successes of our participants. In addition, we aim to expand our communications efforts to raise awareness of our work and shift public perceptions around the links between trauma and social inequality. By strengthening our brand presence and building more of a public platform to raise our profile, we can reach a wider audience and attract new supporters. Finally, we will work to build strategic partnerships and collaborations within the sector, increasing our influence and expanding the reach of our unique approach to recovery and personal growth. **Social franchise model** : During the next three years, we will continue to develop our plans for replicating our work through a social franchise model. In 2024, we formally documented the FfC Approach, the first step towards strengthening how we both train trainers internally and externally as part of the social franchising. We will continue packaging our work, developing comprehensive facilitator manuals to accompany the delivery of our courses, as well as assessing the appetite for the implementation of our approach in different sectors through research. The period 2025-27 will be a development phase for this strand of our work, which we will build more strongly on from 2028 onwards. ## **CONCLUSION** In conclusion, we extend our deep appreciation to our trustees, staff, partners, and supporters who have made our work at Foundation for Change possible. Together, we are making a lasting impact on the lives of 5 those recovering from addiction and striving for positive change. We invite you to join us in our ongoing journey to transform lives and create a more inclusive and equitable society. On behalf of the Trustees and the FfC Team, **Eleanor Besley-Gould** Chair **Matt Clack** Trustee 6 ## **Financial Review** ## **Review of financial position** In total we secured £287,102 of funding in the year 2023/24, with an expenditure of £284,267. The total funds carried forward was £92,939, which is above our reserves requirement. ## **Reserves and reserves policy** As a sign of our continuing financial robustness, the trustees follow the reserves policy that was set in place in November 2017 and reviewed in 2021. The Chief Executive meets the treasurer bimonthly to assess the level of reserves as well as income and expenditure, cash flow, forecasting, and fundraising activities. The policy requires that unrestricted reserves are set as being two months’ expenditure (rather than a fixed amount), based on costs relating to the previous two months at any given time. This allows for flexibility for fluctuating running costs. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees:** > **Signature(s):** Besley- Fetl **Name(s): Eleanor Besley-Gould Matt Clack Position(s): Chair Trustee Date: 17/10/24 17/10/24** 7 FOUNDATION FOR CHANGE (Registered Charitable Incorporale(1 Organisation No. 1156575) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 March 2024 CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the tru$toe• Foundation for Change On accounts for th• y•ar •ndod Charlty no Ilf any) 31 March 2024 1156575 S•t out on pago8 I report to the trustees on my examination of the accounts of the abovè charity I'lhè Tru81'1 for the year ended 3110312024. Rosponslbllitle# and ba81s of report As the charty's Iruslees. you are responsib￿ lor the preparation ol the accounls in accordance with the requ1￿MentS of the Charities Act 20111"Ihe Acl'l. I report in respect of my 8xamination of the Trust's accounts carried out under Section 145 01 the 2011 Act and in carrying out my examination. I have followed all the applicable Directions 9iven by the Charity Commission under stttion 1451511bl of the Act. Independent The charity's gross Income exeeèdèd £250,000 and l am qualified lo undertake the •xaminer'$ statement exèminalion by bèing a qualified member ol The Institute of Chartered Accounlanls In England and Wales. I have Completed my examination. l confirm that no material matters havo come lo my attèntion in connection with the examination which gives rn8 cause to beliov8 that in, any material fespecl.. the accountsn9 recofds were not kept In accordance with s¢ctKJn 130 of the Chanlies Ael., or the accounts did not aeeord with the accounting records.. or the accounts did not comply with the applicable requirements Concoming Ihe lorm and conlenl of accounts sel out in the Charities IAecounts and Reports) Regulations 2Q08 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part ol an independent xamination. I have no concerns and have come acro55 no other matters in wnneclion with the examination lo which allenlion should be drawn in this report in order to enab￿ a proper understsnding of the a¢coun15 to be reached. Slgned." 17 October 2024 Name". Jacqueline Massey Relevant profè88lonal qualification{sl or body lif any): FCA Addr688: 7 Chemin de la Chapelle. 32230 Marciac. France FOUNDATION FOR CHANGE (Registered Charitable Incorporale(1 Organisation No. 1156575) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 March 2024 FOUhDATION FOR CHANGE STATEMENT OF FINANCIAL AcfiviTIES YEAR ENDEO 31 MARCH 2024 Ye•r ended 31 March 2024 Yeor ended 31 March 2023 Unrertrlrted Restrlrted Funds Funds Tot•1 Funds Total Funds Note INCOME Donations and Le8acies Invesimeni Income 276,828 274 io,LwJo 286,828 274 147,616 210 277,102 io,(x)o 287.102 147.826 EXPENDITURE Raisin8 Funds Charitable Activitie5 44,485 235,758 44.485 239.782 43,C(XJ 224,317 4,024 280,243 4,024 284,267 267,317 NET INCOMEIIEXPENDITUREI 13,1411 5.976 2,835 {119,491J FUNDS brou8ht forwDrd 90.104 90,104 209,595 FUNDS carrled for￿rd 86,963 5,976 92,939 90,104 FOUNDATION FOR CHANGE (Registered Charitable Incorporale(1 Organisation No. 1156575) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 March 2024 FOUNDATION FOR CHANGE BALANCE SHEET AT 31 MARCH 2024 31 March 2014 31 March 2023 CURRENT ASSETS Bank and Cash Balances Oebtors and Prepayments 114,233 32.467 109,292 32.870 146,7(KJ 142,162 Current Ll•bllltles Creditors and Atcruals 53,761 52,058 SV,104 NET ASSETS 92,939 90,104 The Funds of The Charlty Restricted Income Funds Unrestricted Funds 5,976 86,963 SV,104 92,939 90,104 io FOUNDATION FOR CHANGE (Registered Charitable Incorporale(1 Organisation No. 1156575) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 March 2024 FOUNDATION FOR CHANGE NOTES TO THE FINANOAL STATEMENTS111 YEAR ENDED 31 MARCH 2024 I ACCOUNTING POLICIES B•¥l• of Pr•p•ritlon Foundatk)n lor Chan8e 15 a charity whlch operate5 for the publk beneflt. The Iinanctsl siatÈments have been prepared under the hisiorkal cost tonven¢lon, on a 8oln8 concern basS5, accordance with the Statement ol Recommended Practice ISORPI in a£￿UntIng and reportln8 by charf(ie5. Chan1• In *C￿untIn1 pollcv The SORP has been adopted follow1￿ an int￿a$e In Income lor the year ended 31 March 2024. As the accounts for the year ended 31 March 2023 were prepared on a recelpts and payments basI5. they have been calculated to adjust lor accrued Income and expendlture. Addltbnal debtors and prepayments Addltknnal credltor5 and accrua Net reduttion In unresirlcted fund at 31 March 2023 32,870 152,058 119,188 Incom• IrKome from grants Is Included when there15 reasonable certalnty ol entltlement. In respect ol time related unTestricted 8rant5, Income whlch has been recewed In athance b deferre(L This has been ¢alcuLgted on a tlme èpportlonment basls lor the current year and restated for the prevkius year. The amount deferred amoursted to £45,lJ)O at 31 March 2024 and £45.0￿ at 31 March 2023. GrftAkl Glft Aid Is claimed on donatlon5 recelved, accounted when the amount can be cakulated with a reasonable deyee of certalnty, normally at the earliest ol the dale recelved or clalm bein8 made. li FOUNDATION FOR CHANGE (Registered Charitable Incorporale(1 Organisation No. 1156575) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 March 2024 FOU14DATrON FOACH*tr4GÉ NOTES TOTHE FIPiANCIALSTATEMENTS 2 YEAR ENDEO JI MARCH 2024 Y•ir•n&d JI MiTth 2024 31 MoY¢h202J 2 ANALYSIS OFINCOME & L•Dn5 Coipor&te Donatlon5 OthEr o￿at￿n5 243,870 15,7(A) 25.683 1.575 28S,828 113.727 20,678 Gffi Ald J4?.616 2b In￿rtM￿nt InEown• Bank Inter@5t Rec@ved 274 210 $ ANALYJIS OF EXPENLTrrruRE Cbritsbl• Y••r•nd•d YI Mll￿h 2024 V•qp¢nAf JI mo￿h2O2j Fund Employrn•nl 187,S88 6,8 3,271 41,470 229,058 6.890 226,705 Stall dpveloprnent & tr•lnl 22,(XYJ 462 22,IKA) 462 22,(> 623 CommuniC•tlons Prlntlw & 51atbMry LlTrncÈs & Subscdptlon5 Sundry ExpensQ5 Oth*r Dank ChAf8eS 4.484 867 525 397 2.450 6.934 867 525 397 5,613 1.297 1.921 651 78 566 565 1,131 Tru5teE5 Annu&l ReP￿t and 540 540 413 267,317 239.782 44.485 284.267 C05t5 an ra15kn8 fund5 have been allottated fr¢Jm support C05tS USI￿ an e5tlrnat￿d apportlonment of staff tlmp. Y•ir•ndRd 11 Mirth 2024 JI M&rth102J 4 RESfRicfED FUNDMOVEMEpns Wellbeing Fund 10.0 5,976 12