Company Registration Number: 08973811
Charity Registration Number: 1159508
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
*ADDSGPWI*
1511012024
COMPANIES HOUSE
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REFUGEE FUTURES LTD
{2 Company Limited by Guarantee)
REPORTS AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Pages
Trustees, Annual Report (including Direetors? Report)
I to8
Independent Examlner?5 Report
Statement of Flnancial Aelivitieslsummary Ineome and Expendlture Account
10
Balance Shett
Notes to the Financial Statements
12to 17

Page I
REFUGEE FUTURES LTD
{a Company Limited by Guarantee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 APRIL 2024
The trustees present thetr report and the unaudited fmancial statements of the charitable company for the year ended 30
April 2024.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts
and comply with the charity's governing documents, the Charities Act 2011 and 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, published in October 2019.
Tru$tee$ of the Charity
The directors of the charitable company are its trustees for the purposes of charity law. Deiails of the trustees who have
served during the year and since the year end can be found on page 8.
OBJECTS AND ACTIVITIES
The primary object of the charity reads as follows:
"The promotion ofsocial inclusionfor ihepubli¢ benefii among people who are refvSe￿, asylum seekers and iheir
dependenls, wiihin bui noi limiled io Siockion on Tees and surrounding areas, who are socially ￿el￿ded on ihe
grounds ofiheir social and economic posiiion, by..
(A) working with oihers to provide education and training in ihe English language and ideniified employability skills,.
(B) ossisling refygees and asylum seekers io become morÉfully iniegraled inio locol communilies,.
(C) Ihe provision offacililies and evenlsfor ihe locol community..
(D) raising public awareness of¢he issues affecling refvgees and asylum seekers,, and
(E) working collaborotively with other organisations in providing relevant services, facililies and informaiion to
refugees and asylum seekers.
For ihe purpose ofihis clause 'socially excluded, means being exeludedfrom society, or pari ofsociety, as a result of
being a member ofa socially and economically deprived community.
Our vision is that Stockion and surrounding ar¢a 15 welcoming and inclusive to refugees and people seeking asylum so that
they feel they belong, are able io maximise their skills and abilities and flourish within the community.
Our values are characterised by key drivers for our mission: being welcoming, diverse and inclusive and enabling
integration and belonging.
The trustees have considered the Charity Commission's general guidance on publi¢ benefit in Connection with its
objectives and achievement5.
ACHIEVEMENTS AND PERFORMANCE
During the past year we have continued to develop the foundations on which to suslain our efforts lo fulfil our mission and
strategic aims and to increase our impact whilst recognising the range of risks we face.

Page 2
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
TRUSTEES, ANNUAL REPORT UNCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 APIUL 2024
General background
It has been a year in which the conlext for those seeking asylum in our Country has been full of uncertainty and ¢hall¢ng¢
arising from:
Significant delays in handling applications resulting in a huge backlog of cases which causes a sense of
powerlessness, anxiety and frustration.
Lack of clarity about the timing and validity of the proposed Rwanda deportation scheme;
The impact of decisions to stop using hotels in which many asylum seekers had been accommodated iemporarily
and relocating them to other venues which attracted much public debate as to their suitability;
A chronic shortage of suitable housing available locally resuliing in many challenging experiences for (a) those
who had to move on from Home Office accommodation on gaining Leave to Remain and (b) those with
responsibility at the local Council for providing housing for individuals and families who would otherwise be
destitute.
Our approach is to identify gaps in quality and quantity of support for refugees and people seeking asylum in our town, and
to assess whether it is within our strategic aims to commit resource to doing something about this. Our ethos is to work
ollaboratively and inclusively across our community, with the participation of people with lived experience and
¢ommunity-led groups, rather than working in competition with other5.
Charitable aetlvllles
We are moving into the f￿al year of our three-year strategy which includes four aims to structure and maintain focus in
delivery of our vision. Our charitable activities and achievements over the past year are presented under each of these aims.
Providing opportunitit$ for asylum seekers and refugees to be wel¢om¢d and ineluded, In eollAboratlon wlth
other orgAnbsation$
Welcome Project
We set up this project to engage with asylum seekers newly dispersed io the town, working collaboratively with other
parties who have a responsibility lo provide infomialion and support to ihese new residents.
The project impacts the Itves of these asylum seekers by providing practical knowledge of how to fmd your way around,
where lo seek support and how to access integration opportunities. In the last few months of the year a core team of
sessional workers with lived experience, speaking more than five of the most spoken languages amongst the asylum
seeking community in Stockion, were recruited to deliver 'Welcome to ihe UK. workshops.
One full time lead plus sessional workers and volunteers wilh lived experience have delivered:
1-2-1 welcome sessions to 121 asylum seekers who have recently arrived in Stockton:
'Welcome to the UK, Workshops to 62 p¢opl¢'
A pilot orientation walk to eight peopl¢.
The Project also involves:
Signposting advice. refe￿al$ and follow up.
Referrals to volunteering opportunities which have been taken up by 31 people (260/0 of people who attended a l-
2-1 session);
Working with Siockton Council, Mears (the housing provider) and the British Red Cross;
Working with drop.in projects, family, health advice and community led groups.

Page 3
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 APRIL 2024
ACHIEVEMENTS AIYD PERFORMANCE (Continued)
Enabling and enhancing access to services to develop confidence, skills and abilities
Action Asylum Projeet (parl ofa nalional scheme)
This project provides opportunities for people seeking asylum to get out and about in the area and to meet and volunteer
alongside other people in Stockton. We set up this project in response to an invitation to deliver this type of activity,
designed by Action Asylum, who still part fund our costs.
These activities are unrelated to particular skills. many do noi require significant English language skills. and have
included tree planting, helping out at festivals, supporting evenis and trips for older people with dementia and bike
maintenance workshops.
One part time volunteer support co-ordinator plus two sessional staff and volunteers delivered..
Engagement of 79 people in 53 different volunteering activities;
273 attendances in total undertaking 1,179 hours of volunw service.
Skills Match Project
This project is aimed at enabling people seeking asylum 10 have opportunities to get involved in different activities, using
and developing existing skills. In this way they can make a real contribution, build their confidence, improve well-bein&
provide opportunity for developing English language and employability skills. It is our goal that a high proportion of
participants are able to find appropriate jobs shortly after being granted leave to remain.
The Programme Manager has worked closely with the Volunteer Support Coordinator 10 deliver.,
21 volunteer work placements in seven organisations (Positive Support for You, North Tees Hospital, the North
East Ambulance Service, Age Concern, Refugee Futures, Sustrans and Bread & Burter Thing) enabling people to
utilise and develop existing skills.
Support to five people who have subsequenrly been employed by iheir placement provider
Asses5menl sUPPOrt to nine people who are looking for a placement
Engagement of 23 organisations willing to host a placement and 23 more in discussion
Training, awareness raising and ongoing support to refugees and asylum seekers who are on pla¢ement as well as
host organisations.
Working wlth others to promote narratlves that positively encourage a stnse of belonging
Crealing Opportunities for Refugees and People Seeking Asylum and Other people Lbving in Stocklon to MeeL
Volunteer and Work Together
Our work especially the volunteering activities and placements - creates spaces and opportuntties for people to meet and
build greater understanding of each other and for people seeking asylum and refugees to develop a sense of belonging.
Research Project in collaboration with Durham University
Five peer researchers who speak a range of languages were recruited to undertake a survey about people's understanding
and experience of integration in Siockion. 78 people were interviewed including nine who had left Stockton and moved to
other places.
The research found that access to housing and employmenl were key factors in decisions to stay or leave. How welcome
people felt in their inilial weeks and months had an influence on feelings about staying in Stockton. in particular people
talked about the importance of opporninities to connect with others and to feel they were making a contribution during the
period when they are seeking asylum, cannot work and feel constrained and disempowered by the limited rights and
agency they have as an asylum seeker.

Page 4
REFUGEE FUTURES LTD
(a Company Limited by Guaranlee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 APRtL 2024
ACHIEVEMENTS AND PERFORiVLANCE (Continued)
Beeomlng a trusted and sustainable organisation working to high standards
Solid foundations have been laid including..
Key policies and procedures agreed by Trustees and an implementation timetsble put in place.
Investing in board training and development.
Inclusive culture being embedded to reflect our values.
Trnslees
We acknowledge. with much gratitude, the commitment of our fellow Trustees in guiding us through the past year. as we
move forward with strong momentum, d¢spiie it b¢ing only our third y¢ar in op¢ration. R¢cently we have strengthcned th¢
Board by appointing two more tru5tees'.
A Trustee Finance Lead who is a retired Chartered Accountant having Worked internationally with NGOS, at UN
and UNICEF. In reiirement she qualified as a psycholherapeutic rounsellor.
A trustee who has held a range of senior roles in the NHS, including CEO of a local hospital.
We have invested in board training and d¢velopment including peer learning sessions about developing a diverse board
with the charity 'Gerting on Board,. We continue to work hard on Trustee recruitment wilh the aim of developing a more
diverse group in tems of age, gender, skill and experience - including lived experience of the asylum process.
Siaffand Volunteer Team
We a150 acknowledge the immense amount of work done by our staff team and volunteers. Two new appoinrmenis were
made during the year increasing the staff team to five individuals (a full time equivalent of 3.63). We believe that we have
now reached a critical mas5 of staff resource to Cover, effectively. the range and Style of work to which we are committed.
Thi5 is a foundation on which further resource can be added to achieve greater quanlity of engagement, without loss of
quality. We are proud of the high quality and commitment of the team and the way, under Heather Petch's excellent
leadership as Execuiive Director, and Jess Wratten as Programme Manager, that they funciion so effectively as a ¢reative
and hard-working team.
It is part of our modus operandi to include volunteers with lived experience of the asylum process, to work with us. This
past year two exceptional individuals
one from Sudan, the oiher from Syria (although he is Kurdish), have offered
substantial contributions to our work- they have now moved on, one to sessional work with us and Durham University.
FINANCIAL REVIEW
Total income for the year amounted to £174,801 (2023.. £140,623) of whith £90,385 (2023.. £57,847) was restricted.
Expenditure of £178,286 (2023- £110,956) was incU￿¢d of which £102,795 (2023.. £31,960) was for restricted purposes.
At 30 April 2024, the charity had unrestricted funds of £34.882 (2023: £25.957).
The trustees are satisfied with the financial position of the organisation at 30 April 2024 and are confident that the
strategies in plac¢ will lead to th¢ organisation being able to fulfil its growth objectives.
Investment Policy
The trustees have power to invest any money not immediaiely required for the furtherance of the charity's objects in or
upon such investments, securities or property as may be thought fit, subjecl to such conditions (if any) and such consent (if
any) as may from time to time be irnpos¢d or required by law.

Page S
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORD
FOR THE YEAR ENDED 30 AP￿L 2024
ACHIEVEMENTS AND PERFORMANCE (Continued)
Reserves Policy
The trusie¢s hav¢ ¢stablished a policy of maintaining a rninimum level of cash-backed unrestricted reserves sufficienl to
cover Ihree months criticaucore costs, excluding those cosls direclly financed by restricted grants. Based on current levels
of expenditure, the trustees esiimate a requirement for minimum reserves of circa £25.000 to cover net operational costs.
This level of cash-backed unrestricted reserves was achieved at 30 April 2024 and 30 April 2023. As we continue to grow
in 202412025, our aim is to continue to grow reserves to maintain compliance.
PLANS FOR FUTURE PERIODS
The next phase of our development is about reaching a critical mass of resource ihat is able to support the susiained
development of our front-line projects, and our arrangements with various partners and support active participation of
people with lived experience in all activitie5 and levels of our charity.
Trustees are pleased that increasing numbers of refijgees and people seeking asylum are engaging with and influencing
every aspect of the organisalion in supporting people to have an improved sense of hope and well-being, to flourish in
Slockton and lo consider staying in the area when they get leave to remain. A summary of key developments is listed
below.
These developments are underpinned by those trusts that have supported us with grants, and we are grateful to them for all
they contribute - without them we could do lirtle, but as we deliver our frontline ambitions. we believe this also fulfils our
grant-makers ambitions as well. We look forward lo building new funding partnerships in the year ahead.
We expect at least 300 people will engage directly in one or more of our activities and enabling an increasing number to
engage in a journey from welcome lo becoming r¢ady for work.
Through working Collaboratively with others, in particular grass-roots groups and front-line services, we will reach
greater number of people indirectly and are looking at our strategy for doing so and how we will capture the impact of ihis
approach.
Welcome
Funding from Stockton Borough Council requires us to extend and adapt our welcome work to include refugees
who have come to Stockton via other routes eg Afghans and Ukrainians.
We aim to work in collaboration with oth¢rs to develop a shared approach to welcome across the borough and to
provide 1-2-1 welcome sessions lo 200 people seeking asylum, as well as have indirect irnpact on a larger group of
people being supported by organisations and groups we collaborate with.
With support from sessional staff and volunteers we plan to deliver thre¢ sets of 'Welcome to UK, workshops to
180 people in the year ahead and to conduct orientation walks twice a month lo 180 people.
We will assess the adequa¢y of ESOL provision in the town and what added value Refugee Futures can bring
Volunleering actlvltles and volunteer work placements
100 people will engage with Action Asylum volunteering activilies, attending 80 events, including a broader range
of types of activity.
We are planning to grow the range of Skills Match- volunteer placement opporninities, including more within
Refugee Futures and aim to support 40 people in placements in 15 host or8anisations.
We are currently completing a more rigorous assessment of training needs and availability based on our pilot
delivery period which will result in more effective delivery of trdining and support for placement organisations and
people being placed, including 1-2-1 sessions.
We plan to raise funds to increase the rU￿ent Volunteer Support Coordinator role to full time, and introduce a
business sector development role.

Page 6
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR EIYDED 30 APRIL 2024
PLANS FOR FUTURE PERIODS (Continued)
Positive narratlves
Dr Lauren Martin, Associate Professor at Durham University. has secured impact funding from the University to underpin
lh¢ research work in Stockton. Dr Martin will also be volunteering one day per week with Refugee Futures over the
coming year as part of her sabbatical leave to co-ordinate Ihe impact work Including creating safe spaces for increased
dialogue and understanding between refugees, asylum seekers and other groups, in particular front-line staff. and to
support ways we as a charity and the Borough as a whole can assess the longer-terni impact of our role and interventions.
We will continue to seek opportunities for promoting positive narratives thal challenge negative stereotypes in particular
through creating opportunities for connection between different groups. Mindful that following th¢ General Election,
Immigration Issues are likely to be Ihe subject of continuing debate both in parliament and in the m¢dia, and therefore of
ontinuing interest to the local community.
A Sustainable Orginisation
Keyprlorilies
Develop an imwt framework and monitoring and evaluation tools
Take appropriate steps io deliver our ￿ndraising strategy
Review the Arti¢les of Association to ensure they are appropriate in all respects for our modus operandi
Governanee mailers
Continue to develop the Board with recruitment and induction of new Trustees
Recruit a new Chair, in the light of Ruth Hi¢ks taking on the role on an interim basis, enabling Peter Chapman to
reiire from the Chair, and for a period take on the role of Vice Chair (both appointed to these respective roles at the
Board meeting on 18 June 2024).
Sus¢aln our efforls lo Ilve oul our etlios
Grow sessional staff and volunteers with lived experience
Deepen our approach and culture of equality, equity. diversity and inclusion, particularly how we include the
engagemeni and influence of people with lived experience, and the development of the advisory group
Malnloln Imporlanl roullne motters
Finalise staff and volunteer handbook and assess and deliver training and well-being support for the tearn.
R¢view annually all policies, procedures and the risk register
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Doeument
The organisation is a charitable company limited by guarantee, governed by its Memorandum and Articles of Association
daied 2 April 2014, and was registered with the Charity Commission from 5 December 2014. In the event of the company
being wound up, members are required to contribute an amount not exceeding £10.
New Objects were consented to by the Charity Commission on 17 January 2023. The key purpose was to align the Objects
in our governing document more closely and explicitly to the goals and vision adopted by Trustees in respect of the asylum
seeker and refugee communTrty in Stockton and surrounding area.

Page 7
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR EIYDED 30 APIUL 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Appointment of Trustees
New trustees are appointed on the recommendation of existing trusieeslmembers through an open process. following
interviews. including those responding to any advertised recruitment process. There is a required minimum of three
trustees but no maximum number.
Trustee$, Induetion and Tralning
New trustees are provided with Charity Commission guidance for new trustees, along with finance and process
documentslion, Articles of Association and minutes of previous trustees, meetings. We also plan to offer mentors for new
trustees and an introduction to the projects and other activities of the charity. All trustee5 are encouraged to attend
appropriate inlernal/external training ¢v¢nls to facilitate the undertaking of their roles and responsibililies.
Organisalion
The management and administration of the charity is under the control of the Irustees who met six times in the past year.
Day io day operational matters are delegated to the Executive Director, Heather Petch, who works closely with the staff
tearn and volunteers and is regularly supported by the Chair.
Risk Management
The trustees have developed a risk register and approved a risk management framework to which the charity will work.
Both documents are regularly reviewed to ensure the trustees are in a posiiion to mitigate any risks arising.

Page 8
REFUGEE FUTURES LTD
(a Company Limited by Guaranlee)
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 APRIL 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Name:
Refugee Futures Ltd
Charity Registration Number:
1159508
Company Registration Number:
08973811 (England and Wales)
Directors and Truslees:
Mr P J Chapman
Mr W Williams
Mrs U R Hicks
Ms C Macdonald
Ms S Mansaray
Mr A M Quraishi
Ms C Jones (appoinred 06.02.24)
Mr S Pleydell (appointed 18.06,24)
Executlve Director:
Ms H Petch OBE
Registered Office:
Catalyst House
27 Yarni Road
Stockton-on-Tees
TS18 3NJ
Independent Examiner:
Mr J Lester FCA
Baines Jewitt Limited
Chartered Accountants
Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tee5
TS18 3TU
Bankers:
Natwesl
123 High Street
Stockton-on-Tees
TS18 INW
This report has been pr¢par¢d in accordance wilh the special provisions of Part 15 of th¢ Companies Act 2006 relating to
small companies,
Approval
This report was appTov¢d by the directorsltrustee5 on
by..
and signed on their behalf
QLIKcLf
Mrs U R Hicks
Chair of Trustees
r PJ Ch8pm8n
Viee Chair of Trustees

Page 9
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
REFUGEE FUTURES LTD
(a Company Limited by Guaranlee)
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 April 2024 which
are set out on pages 10 to 17.
Responsibilities and Basis of Report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and
are eligible for independent examination, I report in respect of my examination of your company'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 Comm ission under section 145(5)(b} of the 201 l Act.
Independent Examiner'$ Statement
I have completed my examination. I confim ihat no matters have come to my attention in connection with the
examination giving me cause to b¢lieve that in any material respect:
accounting records were not kepi in respect of the company as required by section 386 of the 2006 Act. or
the accounts do not accord with those re¢ords' or
the accounts do not comply with the accounting requiremen15 of section 396 of the 2006 Act other than any
requirement that the accounts give a 'true and fair view, which is not a maller considered as part of an independenl
examinaiion. or
the accounts have not been prepared in accordance with the methods and principles of ihe Statement of
Recommended Practi¢¢ for accounting and reporting by charities applicable to charities preparing their accounts in
accordance wilh the Financial Reporting Standard applicable in the 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 to enable a proper understanding of the accounts to be reached.
Mr J Lester FCA
Baines Jewitt Limlted
Chartered Aeeountants
Spitfire House
19 Faleon Court
Preston Farm Industrial Estate
STOCKTON ON TEES
TS18 3TU
Dated:
I Ilvoyi.................
JLIAJW

Page 10
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2024
(including Summary Income gnd Expenditure Account)
Unre5trlcted Funds
2024
2023
Restricted Funds
2024
2023
Tot•1 Funds
2024
2023
Notes
INCOME
Grants and donations
Inv¢simenl income
82,800
1,616
82,584
192
90J85
57,847
173,185
1,616
140,431
192
TOTAL INCOME
84,416
82.776
90J85
57,847
174,801
140.623
EXPENDITURE
Ch￿lIable activiti¢5
75.491
78,996
102.793
31.960
178,286
10.956
TOTAL EXPENDITURE
75,49)
78,996
102.795
31.960
178,286
110,956
Net incofflel(expenditure)
ror the year
8,92S
3,780
(12.410)
25.887
{3,485)
29,667
Recon¢ili4tion of funds:
Total funds brought forward
14
25,957
22,177
26,088
201
52,045
22,378
Total Funds Carried Forward
13&14
34082
25,957
13,678
26,088
48,560
52,045
The Stsiement of Financial Activities includes all gains and losses rccognised in the year.
All income and expenditure deriv¢ from ￿ntInUin8 aclivilies.
The notes on pages 12 to 17 fonn part of th¢s¢ financial 51atements

Page 11
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
(Company Registration Number: 08973811)
BALANCE SHEET
AS AT 30 APIUL 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
Jo
3,317
3,391
CURRENT ASSETS
Debtors and prepayments
Cash at bank and in hand
li
1,000
56,226
2,420
59,894
57,226
62,314
CURRENT LIABILITIES
Creditors: Amounts falling due within one year
12
(11,983)
(13.660)
NET CURRENT ASSETS
45,243
48,654
NET ASSETS
48,560
52,045
FUNDS
Unrestricted general funds
Restricted funds
13&14
34,882
13,678
25,957
26,088
48,560
52,045
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the
small companies. regime.
For the year ending 30 April 2024 the company was enlitled to exemption from audit under Section 477 of the Companies
Act 2006 relating to small companies.
Directors, responsibilities..
Th¢ members have not required the company to obtain an audit of lis accounts for th¢ year in question in accordance
with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and the preparation of accounts.
The financial statements wcre approved and authorised for issue by the Board on
Signed on behalf of the Board of Directors:
Q-d.
Mrs U R Hicks
Chair of Trustees
Mr P J Chapman
Vice Chair of Trustees
The not¢5 On pages 12 to 17 forni part of these financial stalem¢nts

Page 12
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
ACCOUNTING POLICIES
(a) General Informalion and Basis of Preparatlon
Refugee Futures Ltd is a private company limited by guarantee registered in England. In the event of the
charity being wound up, Ihe liability in respect of the guarantee is limited to £ l O per member of the charity.
The address of the registered office is given in the charity inforniation on page 8 of these financial statements.
The nature of the charity's principal activities and objectives are to advance education and social welfare and
for Stockton to be welcoming and inclusive to refugees and those seeking asylum in the area.
The charity constitutes 8 public benefit enlity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Slalement of Recommended Practice
applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) issued in October 2019, Ihe Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 201 I, the Companies
Act 2006 and UK Generally Accepted Accounting Practice,
The financial statemen15 ar¢ prepared on a going concern basis under the historical cost convenlion. They are
pr¢s¢nted in pounds sterling, whi¢h is the functional currency of the Charity, and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless olher4¥ise stated.
(b) Income Recognition
All income is recognised once the charity has entitlemenl 10 that income, there is sufficient certainty of receipt
and it is probable that the income will be received, and the amount of income can be measured reliably.
Grants and Donations
Where donors specify thai grants or donations must be used in a future accounting period, the income is
deferred until those periods,.
Where donors impose ¢ondilions which have to be fulfilled before the charity be¢omes entitled to use such
income, the income is deferred until the period in which the pre-condition5 are met.
Where donors specify that grants or donations are for a particular restricted purpose, which does not amount to
pre-conditions regarding entitlement, the income is included in incoming reserves within restricted funds when
received.
{c) Resources Expended
Resources expended are recognised in ihe Statement of Financial Activities on an accruals basis, inclusive of
V A T. Individual costs are allocated between the various headings in the Slaiement of Financial Activities by
reference to their underlying nature or the reason for which those cost5 were incu￿ed, on an estimated
percentage basis.
(d) UDrestritted 8nd Restrlcted Funds
Unrestricted funds comprise income received or gen¢rdted by reference to the general objects of the charity
without further specified puryJ)se. Such funds may however be designated by the twstees for specific purposes
from time to time.
Restricted funds are those donated for a specified purpose as laid down by the donor or as the r¢5uIt of a
speciftc appeal or application. Such funds are kept separate from the unrestricted funds of the charity and only
related expenditure is charged against them.

Page 13
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
ACCOUNTING POLICIES (Continued)
(e) Tangible Fixed Assets and Depreciation
Tangible fixed assets are capitalised and depreciated at 20Vo per annum on the reducing balance basis so as to
write off each asset over its estimated useful life.
(f) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
(g) Ca$h at Bank and In Hand
Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short malurity of
three months or less from the date of acquisition or opening of the deposit OT similar account.
(h) Creditor$ and Provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably result in Ihe transfer of funds to a third party and the amount due lo settle the obligalion can
be measured or estimated reliably. Creditors and provisions are nornially recognised at their settlement
amount after allowing for any trade discounts due.
(i) Pension Costs
Contributions, which are payable into the personal pension plans of individual members of staff, are charged to
the Statement of Financial Activities in ihe period io which they relate.
li) Going Contern
The financial staiements have been prepared on a going concern basis as the trustees believe that no material
uncertainties exist. The trustee5 have considered the level of funds held and the exp¢cl¢d level of income and
expenditure for 12 months from authorising these financial Statements. The budgeted income and expenditure
is sufficient with levels of reserves for the charity to be able to continue as a going concern.
LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee registered in England and Wales and has no share capital. The
liability of each member in the event of winding up is limited to £1 O.
INCOME FROM GRANTS AND DONATIONS
Unrestric¢ed Fund5
2024
2023
Restricted Funds
2024
2023
Total Funds
2024
2023
Grants
Services
81,500
ijoo
82,584
70,136
20,249
55,599
2,248
151,636
21,549
138,183
2,248
82,800
82,584
90J8S
57,847
173,185
140,431
The charity benefits from the involvement and support of its many volunteers. In accordance with FRS 102 and the
Chariiies SORP (FRS 102). the economic contribution of general volunteers is nol r¢cognised in the accounts.

Page 14
REFUGEE FUTURES LTD
{2 Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
INVESTMENT INCOME
Unrestrlcted Fund5
2024
2023
Restricted Fund$
Total Funds
2024
2023
2024
2023
Bank interest
1,616
192
1,616
192
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted Fund5
2024
2023
Restrlcted Funds
2024
2023
Total Funds
2024
2023
Costs directly allotated to actlvltles:
Staff costs
Office and oiher rent
Siorng¢ unil supplies
Insurance
Printing, posiage, siationcry, publicity
and markeling
Recruitment
Telephone
Subscriptions
Trav¢1 and volunie¢r expenses
Computcr Costs
Training
Refreshmenls
Sundry expenses
PToje¢ts and a¢livities
Dcpreciation
41,184
d,S14
55
1,667
33,407
1.802
273
1,246
87.129
35
91
27.475
30
128J13
4.549
146
1,667
60.882
1.832
275
.246
3,903
132
S45
902
198
1,821
iJio
229
741
623
164
1,142
83
1.051
867
276
394
300
4.423
636
5,046
538
393
50
260
177
1,201
832
4,770
428
939
1,202
4,621
2,457
6,356
767
1,134
673
424
1.319
1,286
1,883
389
291
74
680
83
80
738
J.060
3,140
758
192
192
37J18
41.126
102,795
30,783
160,113
71,909
Support costs (sec below)
Govcrnance cosls (sec below)
10,922
7,251
29.862
8,008
1,177
10,922
7,251
31,039
8,008
TOTAL RESOURCES EXPENDED
75,491
78.996
102.795
31,960
178,286
110,936
Support Costs
Consultancy fees
Finan¢e and administration
25,260
4.602
25,260
5,779
10,922
.177
10,922
10,922
29,862
1,177
10,922
31,039
Govtrnince Costs
Accountancy and ind¢p¢ndent
examination
Legal and professional f¢¢s
Board ¢xpens¢s
Board iraining and development
3,480
185
348
3,238
3,960
4,048
3,480
185
3,960
4,048
3,238
7,251
8,008
7,251
8.008
NET INCOME/(EXPENDITURE) FOR THE YEAR
This is staled after charging..
2024
2023
Independent Examiner's and other accountancy fees:
external S¢￿tinY
other costs (2023 comparative figure includes £660 under provision from 2022)
1,160
2J20
I,ioo
2,860

Page IS
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
STAFF COSTS AND NUMBERS
2024
2023
Gross wages and salaries
Employer's national insurance costs
Pension contributions (see nore 8)
118.792
5a25
4,196
59,902
980
128,313
60,882
No employee received emoluments of more than £60,000.
The total remuneration cost for Key Management Personnel during the year was £29,624 (2023: £9,067).
The average total headcount and average full-time equivalent (FTE) number of employees during the year was as
follows..
2024
No
2024
FTE
3.63
2023
2023
FTE
1.75
Management. administration and project staff
PENSION SCHEME
The pension costs of £4,196 (2023.. £980) represent payments to defined contribution pension schemes operated in
the names of individual employtes of the charity. At the balance sheet dale, there were contributions of £1,938
(2023.. £213) outstanding.
TAXATION
As a registered charity, Refugee Futures Ltd is exempt from tax on its income under Section 505 of ihe Taxes Act
1988 provided that such income is applied for charitable purposes only.
10. TANGIBLE FIXED ASSETS
Flxtures &
Equipment
Cost
Ai beginning of year
Additions in year
3,583
684
At 30 April 2024
4,267
Depreciation
At beginning of year
Charge for year
192
758
At end of year
Net Book Value
At beginning of year
At end of year
950
3J91
3J17
11. DEBTORS AND PREPAYMENTS
Total
2024
Total
2023
Trade debtors
Prepayments and accrued income
1,000
2,420
1,000
2,420

Page 16
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APIUL 2024
12.
CREDITORS: Amounts falling due within one year
Total
2024
Toial
2023
Accruals and deferred income
Taxation and social security
5,918
6,065
13,660
11,983
13,660
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestri¢¢ed
Fund$ .
Restrlcted
Funds
Total
Tangible fixed assets
Cash at bank and in hand
oiher net as5etsl(liabililies)
3,317
42,548
(JO,983)
3J17
S6,226
(10,983)
13,678
34,882
13,678
48.560
14. STATEMENT OF FUNDS
AsAt
01.05.23
ASA¢
30.04.24
Incorne
Expenditur¢
Unrestricted funds
25,957
84,416
75,491
34,882
Restricted funds..
Action Asylum Project
Skills Match
Welcome Project
Staff Wellbeing
Running Costs and Executive Director
1,613
16,510
7,965
15,938
10,206
34,241
s,000
25,000
17,899
19,936
39,J36
824
25,000
(348)
6,780
3,070
4,176
26,088
90J85
102,795
13.678
Total funds
52,045
J 74,801
178,286
48,560
AsAt
01.05.22
AsAt
30.04.23
lTr¢fjm¢
Exp¢ndltur¢
Unrestricted funds
22,177
82,776
78,996
25,957
Restricted funds:
Action Asylum Project
Skills Match
Welcom¢ Project
201
17.090
25,500
15,257
15,678
8,990
7,292
1,613
16.510
7.965
201
57.847
31,960
26,088
Total funds
22,378
140,623
110,956
52,045
Restrieted Funds
Aclion Asylum Projecl - part funded by the Task Force Trust and engages asylum seekers in volunteering events,
together with other local residents.
Skills Malcli
provides opportunities for longer volunteering opportunitie5 and is funded by the Allen Lane
Foundation, the Goshen Trust (via Tees Valley Community Foundation), the William Leech Charity, Learning
Curve (via the Durham Community Foundation), Awards for All and Fairer Stockton.

Page J7
REFUGEE FUTURES LTD
(a Company Limiled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APIUL 2024
14. STATEMENT OF FUNDS (continued)
Restricted Funds (eontinued)
Welcome Projecl - offers a welcome and orientation service to all people seeking asylum who are placed by the
Home Office in Stockton and is part of the Tees Valley-wide Ariadne Project funded by the CommLmity Foundation
(and in Stockton also by NHS Resilience Fund).
Slaff Wellbelng - the staff wellbeing fund of £5,000 15 SUPPOrted by The Charity of Sir Richard WThittington. The
w¢llbein8 fund is to resource any inputs or activities deemed helpful for staff wellbein8,
Runnlng Cosls and Erecullve Direclor- this represents the first year of three years funding towards running costs
and in particular the executive director's costs for leading the organisation and to deliver on the three-year strategy
to support refugee integration in Stockton. Again, this funding is provided by The Charity of Sir Richard
Whittington. This year's funding has been used against the employment Costs of the executive director.
IS. TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS
In 2024, no remun¢rdtion or expenses were paid to any trustee or any person connected to them,
In 2023, fees totalling £5.324 were paid to AJK Accounting Services Ltd, a company owned by forn)er trustee Mr A
J Kumpalume (resigned 02.03.23) for the provision of bookkeeping and administrative services to the charity. Such
paymenrs were made in accordance with the governing document of the chariiable company.