Company Registratlon Number: 08973811
Charity Registration Number: 1159508
REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS
FOR THE YEAR ENDED 30APRIL2025
•AIIIJIYO*
2311212025
COMPANIES HOUSE
#21
Extraordinary,
never ordinary
Baines Jewitt
Helping lo drive businesses and
individu315 forward 10 meet Iheir goals.
CHAATEAED ACCDUNTANTS
ANO 8USINESS ADVISEFIS
bainesjewitt.co.uk

.REFUGEE FUTURES LTD
(a Company Limited byGuarantee)
REPORTSAND FINANCIALSTATEMENTS
FOR THE YEAR ENDED 30APRIL2025
Trustees. Annual Report linctuding Directors. Report)
Independent Examiner's Report to the Trustees
Statement of Financial Activitieslsummary Income and Expenditure Account
Balance Sheel
Notes to the Financial Statements
10-16

REFUGEE FUTURES LTD
.(a Company Limited by Guarantee)
TRUSTEES. ANNUAL REPORT
The trustees present their report and the unaudited financial statemenls of the Charitable Company for
the year ended 30 April 2025.
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.
The direclors of the ch8rit8ble ¢omp8ny are it8 trustees for the purposes of charity law. Details of the
trustees who have served duringthe year and since the year end can be found on page 5.
Objectives and activities
The primary obj8cI of the charity read8 as follows..
The promotion of social inclusion for the public benefit among people who are refugees. 8sylum seekers
and their dependents, within but not limited to Stockton on Tees and surrounding ar88s. who are socially
excluded on the grounds of their soci818nd economic position. by..
working with others to provide education 8nd training in the English language and identified
employability skills..
85SlStingrefugees and asylum seekers to become more fully integrated into local communities..
C. the provision of facilities and events lor the local community,.
raisingpublic awareness of the issues 8ffecting refugees and asylum seekers.. and
working collaboratively with other organisat'ions in providing relevant services. f8cilities and
information to refugees and asylum seekers.
For the purpose ol this clause 'socially excluded, means being excluded from society. orpart of society, 8S
8 result ol being a member of a socially and economically deprived'community.
The trustees have considered Ihe Charity Commission's general guidance on public benefit in connection
with the charity's vision, mission and strategic aims. objectives and achievements.
Achlevements and performance
OUR VISION AND VALUES
Our vision is that Stockton. and the surro'unding area is welcoming and inclusive to refugees and people
seeking 8sylum so that they feel they belong. are able to maximize their ski118 and abilities and f lourish
within the community.
Our values are ¢haracterised by key drivers for our mission: being welcoming, diverse and inclusive and
enabling integration and belonging.
OUR STRATEGY2022-2025
This has been the last year of our first strategic plan which included four aims to slructure and maintain
focus in delivery ofourvision. Our approach has been to identify gaps in aclivities and support for refugees
and people seeking asylum in our town. and to assess whether it is within our str8tegic aims to commit
resource to doing something about this. Our ethos is to work collaboratively and inclusively across our
community. wilh the participation of people with lived experience and community-led groups. rather than
working in competition with others.

REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
TRUSTEES, ANNUAL REPORT
Strategic aims
Providing opportunities for asylum seekers and refugees to be welcomed and included.
2. Enabling and enhancing access to services to develop confidenc"e, skills and abilities;
3. Working with othersto promote narratives that positively encourage a sense of belonging:
4. Becoming a trusled and sustainable organisation workingto high standards.
HIGHLIGHTS OFTHE YEAR
This yearwe have worked with a wide range of partners to support people seeking asylum and refugees on
their journey from arrival to flourishing in Stockton.
Through our Welcome programme, we have supported people with orientation, referfals to other services.
and workshops about living in the UK. Our Action Asylum and Skillsmatch projects create opportunities for
people to take part in volunteering activities, volunteer work placements, and employability support so
people can use theirtime and talents to make a contribution and build a sense of belonging.
As8 relatively newcharity. we have b88n working hardtoreach more people. Thisyear251 peopleattended
Welcome sessions. we supported 39 Skillsmatch placements. and 105 people were involved .in
volunteering activities {up from 166, 27 and 79 participants respectively). There have also been significant
.developments in our work. Recommendations from our peer-led research collaboration with Durham
Unlversity have shaped the direction of our activities, particularly the establishment of the Stockton
Service Fair, delivered in partnership with Stockton 8orough Council.
In the second half of the year. we embarked on developing our networks with for-profit businesses with
view lo crealing new placements with thè business sector, tapping into their expertis8 to deliver
employability, 8nd in turn helping businesses to understand and benefit from the pool of talent within
refugee communities.
Individuals with lived experience are engaged in leading all our aclivilie8 8$ volunteers, sessional workers,
core staff, peer researchers or trustees. The Advisory Group has played 8 key role in influencing the
direction of our Welcome programme and feeding into our upcoming strategic review.
We re¢ognise we are still on a journeyto embed lived experience ofthe asylum and Immigration syslem in
our decision-making about our work. We are graleful to Dr Lauren Martin who has led our collaboration
with Durham University and the peer-research approach which has strengthened our ability to centre lived
experience in how we shape our activities,. leading us to reach for outcomes that move beyond people
being benef iciaries of charity to being aclive citizens of Stocklon, and the world I
Collaboration is a vital element in supporting people's journeys with us, be it the organisations we refer
people lo for specialist advice and guidance, or the 36 partner organisations supporting Action Asylum
volunteering 8nd Skillsrnatch placements. Our profile has increased during the year, and we were moved
to have won and been nominated by Action Asylum partner. Butterwick Hospice, in the Tee8 Valley
DiversityAward5'8est Community Organisation, category.
UK government policy and too much print and 80cial media content continues to create a hoslile
environment forour communities. The racist violence on our streets last summer was a shocking wake-up
allthatwe need to be more prepared in supportingcommunitysafety and connections and understanding
between communities.
Our communication has increased during the year, including regular social media posts about activities
and stories of the contributions and successes of refugees and people seeking asylum and positive
experiences of interactions between different people and communities.

REFUGEE FUTURES LTD
(a Company Llmlted by Guaranteel
TRUSTEES. ANNUAL REPORT
Plans for future periods
A Board working group was established to steer the planning of the 2026- 2029 Strategic Review. We are
graleful to Lloyds Bank Foundation for supporting this work. Key themes and objectives will be:
Clarity about what change we seek to make and how we demonstrate thal we are being effective,
includingthrough storytelling, peer-led research and introduction of a CRM database.
Clarifying the nature and value of collaboration and how to invest time and resources in building and
maintaining them and including in the private sector.
Our contribution in building and strengtheningcommunity resilience and safety.
Continuing on our journey lo embed lived experience of the asylum and immigration system more
systematically and holislically in our everyday decision-making about programmes, strategy
development and overarching governanc8 Structure.
Incfeasing income from a more diverse range of sources including contr8Ct8 andlor trading
opportunities.
We expect et least 350 peoplewillengage directly in one or more of our activities and an increasingnumber
will eng8ge in a journey from welcome to flourishing in Stockton and ready for work.
Financlal review
Total income for the year amounted to £250,90312024', £174,801) of which £175.54612024'. £90,385) was
restricted. Expenditure of £233.54612024: £178,286> was incurred of which É155,125 {2024'. £102,795)
was for restricted purposes. At 30 April 2025, the charity had total funds of £65,917 compared with
£48.560 in the previous year, of whi¢h £31.81812024: £34,882) were unrestricted.
As a relatively new charity. much of our funding has been 8hort-term. but we are moving to a position of
being able to access larger, multi-year funding, albeit at a time when many funders are overwhelmed with
demand andlor have temporarilyclosed andlor significantly narrowed theircriteria. Support from Stockton
Borough Council has been an importgnt first step in delivering on shared goals with an important public
sector partner.
The trustees are satisfied with the linancial position of the organis8tion 8t 30 Apf il 2025 and are conf ident
that the strategies in place will enable the organisation to fulfil its objectives.
INVESTMENT POLICY
The trustees have power to invest any money not immediately required for the furtherance of the Gharity'3
objects in or upon such investments, securities or property as may be thought fit, subject to such
conditions (if any) and such consent (if any) as mayfrom time to time be imposed or required by law.
RESERVES POLICY
The trustees aim to m8int8in free reserves in unrestricted funds at 8 level equal to approximately three
months of unrestricted expenditure. The trustees 'consider that this level will provide suff icient funds to
respond to applications for grants and ensure that support and governance costs are covered.
Based on current levels ofexpenditure. the trustees estimate a requirementfor minimum reserves of circa
£25.000 to cover net operational costs. This level of cash-backed unrestricted reserves has been broadly
achieved in this and the previous two years.

REFUGEE FUTURES LTD
la Company Limited by Guarantee)
TRUSTEES, ANNUAL REPORT
Structure, governance and management
STRUCTURE
The organisation is 8 ch8ritable company. limited byguarantee. governed by its Memorandum and Articles
of Association which were revised and approved by the Trustees in December 2024. The charity was
registered with the Charity Commission as 'Love Stockton, from 5 December 2014 but the name was
changed lo Refugee Futures and new Objects were consented to bythe CharityCommi88ion 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 community in
Stockton and surrounding area.
In'the eventolthe company beingwound up. members ar.e required to contribuie an'amount not exceeding
£10.
On 14 April 2025, the charity became the sole member of Somewhere Else. which is a Charitable
Incorporated Organisation (Charity No:'11666211 to ensurethe continuation of an important mental health.
service for refugees and people seeking asylum.
This arrangement means that the charity has responsibility for the appointment of the trustees of
Somewhere Else, and any other matter for which members have responsibility such as amending the
constitution, amalgamating ihe CIO with another CIO, or transferring its undertaking to other CIOS, or
winding up the CIO. Both charities are Solely accountable to their own board of trustees for iheir operations
and retain independent registration and accountability with the Charity Commission. Any transactions
between the two charities are carried out at arm's length, and appropriate charges invoiced,
GOVERNANCE
Appolntment of Trustees
New trustees are appointed on the recommendation and approval of existing trusteeslmembers through
an open process involving a mix of broad and sometimes more specific criteria and including advertised
recruitment processes and interviews with interested individu818 who meet Ihe crileria. The Articles
require a minimum of three trustees and no more than 11.
Trustees, inductlon and training
Newtrustee3 are provided with Ch8rityCommission guidancefor trustees, alongwith finance and process
documentation. Articles of Association and minutes of previous trustees, meetings. We are also offering
mentoring'lincluding co-mentoringl 8rr8ngements for newtrustees and an introduction to the projects and
other activities of the charity. All trustees are informed about and encouraged to attend appropriate
internauexternal training events to facilitate the undertaking of their roles and responsibilities.
The Board. and the waywe 8ppr08ch governance and risk is evolving. As a new charity, we have continued
to spend time Eetting systems in place ihat are fit for purpose. particularly as we grow and embed an
equitable, diverse and inclusive Gulture.
Trustee resignatlon and thanks
We would like to thank Peter Chapman, our toundingchair for his leadership. support and drive in setting
up Relugeq Futures. Thank you also to the invaluable service of other trustees who served in our èarly
days, in particular founding trustee 8111 Williams,

REFUGEE FUTURES LTD
(a Company Llmlted by Guarantee)
TRUSTEES, ANNUAL REPORT
RISK MANAGEMENT
The trustees have developed a risk register and approved a risk management fr8mework to which the
charity will work. Both documents are regularly reviewed to ensure the trustees are in 8 position to mitigate
any risks arising and it was recently agreed that the register should be a standing item at board meetings.
MANAGEMENT
The management and administration of the charity is under the control of the trustees who met six times
in the past year.
Dayto day operational matters are delegated to the Executive Director, Heather Petch. who works closely
with the staff team and volunteers and is regularly supported bythe Chair.
We have been developing pathways for different types of engagement in the organisation for people with
lived experience. Duringthe yearwe have grown the staff team to 5 Ifull-lime equivalent} and recruited and.
trained more organisational volunteers and sessionalworkers, mostly people with lived experience. There
are now ten organisational volunteers and ten sessional workers who speak 8 languages.
Reference and administrative details
Charlty Name:
Refugee Futures Ltd
Charlty Registration Number:
1159508
Company Rogistratlon Numb•r:
08973811 (England 8nd W81esl
Directors and Trustees:
Mrs U R Hicks {Chaii)
Ns Cjones
Mr S Pleydell18ppointed 18 June 20241
Mr J Carling {appointed 8 October 2024)
Mr B Chisanga (appointed 8 October 20241
Mr A M Quraishi (resigned 29 September 20241
Ms S Mansaray (resigned 19 November 20241
Mr PJ Chapman Iresigned 9 December 20241
Ms C Macdonald (resigned 22 April 20251
Mr W Williams Iresigned 19 August 2025)
Exeeutlve Dlrector:
Ms H Petch OBE
.Regi$tered Offlce:
Catalyst House
27 Yarm Road
Stockton-on-Tees
TS18 3NJ
Independent Examlrier:
. Mr J Lester FCA
Baines Jewitt Limited
Chartered Accountants
Spitf ire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU
Bankers:
Natwest
106 Linthorpe Road
Middlesbrough
TS1 2JX

REFUGEE FUTURES LTD
(a Company Llmited by Guarantee)
TRUSTEES, ANNUAL REPORT
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Aet
2006 relating to small companies.
Approval
This report was 8pproved bythe trusteesldirectors on 25 November 2025 and signed on their behalf by..
Mrs R Hicks
Chair of Trustees

INDEPENDENTEXAMINER'S REPORTTO THE TRUSTEES OF
REFUGEE FUTURES LTD
(a Company Llmited by Guarantee)
I report to the charity trustees on my examination of the accounts of the company for the year ended 30
April 2025 which are set out on pages 8 to 16.
Responslbllities and Basls of Report
As the charity trustees of the company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companles
Act 20061'the 2006 Act'l.
Having satisfied myself that the accounts of the company are noi required to be audited under Part 16 of
the 2006 Act and are eligible for in'dependent examination, I report in respect of my examinalion of your
company's accounts as carried out under section 145of the Charilies Act 2011 {'the 2011 Act'l. In carrying
out my examination I have followed the Directions given by. the Charity Commission under section
14S1511b} of the 2011 Act.
Independent Examiner's Slatement
I have completed myexamination. I confirm that no matters have come to myattention in connection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act,. or
the accounls do nol accord with th08e records,. or
the accounts do not complywith Ihe gccounting requirements of section 396 ofthe 2006 Act other
than any requirement that the accounts give a 'true and fair view, which is not a matter considered
89 Pert of an independent examination; or
the accounts have not been prepared in accordance with the methods and" principles of the
Statement ol Recommended Practice for accounling and reporting by charities applicable to
harlties preparing their accounts in accordance with the Financial Reporting standard applicable
in the UK and Republic of Ireland IFRS 102).
I have no concerns 8nd have come across no other matters in connection with the examination to which
attenlion should be drawn in this report in order to enable a proper understanding of Ihe accounts to be
reached.
Mr J Lester FCA
Baines Jewltt Llmlted.
Chartered Accountants
Spitfire House
19 Falcon Court
Preston Farm Industrlal Estate
STOCKTON ON TEES
TS18 3TU
Dated:
qlivlvovl
JLIAIW

REFUGEE FUTURESLTD
18 Company Llmlt•d by Gu¥r•nt•¢l
STATEMENT OF FINANCIAL ACTivmES
FOA THE YEAR ENDED 30APRIL2025
Ilncludlngsummary Incom• Ind Expéndltura Accountl
ilnr••trl¢t•d Fund•
2Q25
2024
R•¥tslct•d Funds
2024
Toi•l Fund*
2024
Not••
2025
2025
IWCQM
Gi8nt¥ 4nrJ oon•tlon¥
Inv¢¥tment Income
75.160
20?
82,800
170,648
90.385
250,696
207
173,186
1.616
TOTAL INCOME
7).3S7
04,416
175,548
90.385
250,*)3
174,801
CXPENDIWRE
3,497
74,924
3.497
23•.049
75,491
155,12S
102,795
170,286
TOTAL EXPEWDITUAE
78,411
75,491
150,126
102.795
233.541
178,286
N•t In¢om•llExp•ndltUf•llorth•Y••i
lJ,Q64
6,925
20.421
17.307
13,4851
R•conclil•th¥notlund•:
7otollunds brou8htfoM•r¢
13•14
34.882
25.9S7
lJ.871
28,088
41.600
52,045
T•taiFund• Carrlod Forw•rd
13&14
31,Bl•
34.882
34.099
13,678
85,917
48.560
Thtslalvmentol Fln•ncl•l A¢iivlll•8lncluO•tssllqeln•8ndlos816 r8coini8*d Ihth•y•8r.
AIIIDGomE4nd 8xpondltui• derlvefromeoniinulDRèCllvltl88.
Thtr noi•ts onp•y8 1010 16form p•rt olth•8•fin8nel81818tom•nt8

REFUGEE FUTURES LTO
l• Comp•ny Llmlted byGuoiaM••l
BALANCE SHEET
ASAT 30 APRIL 2025
Unr•itrlci•dFundi
R••trl¢t•dFundi
2024
Tot•lFund•
2024
Not•¥
2025
2024
2025
202S
FIXED ASSETS
Yan8lblo llssEts
10
3,317
3,317
¢URRENT ASSETS
DBblOla8nd propeym8nt8
e•Jh aibank ond In hand
11
21,71
10.716
21.750
5D.tsIO
•,ooo.
S6.226
42,548
34.099
13,678
43,548
34.0
13,678
72,ses
57,228
CURHENTLIABILITIES
Cr•diior•.' AMountalalllniduevAthlncne￿or
12
NETCUAAÉNT ASSETS
27,364
31,565
34.099
13.676
81,453
45,243
NET ASSETS
31.811
34.882
34,099
13,878
16,917
4a,s60
FUNDS
Unre¥trictedoeneialfund
31,810
34,682
81,818
34,882
13,678
13,678
31.811
34,882
13,678
95,917
48,S80
Th•i•flninrlil ltbi•rnenti havo bo•n piop•r•d In a¢¢oid•De• ￿th ihe P¢Owiions appii¢•bl• to cornp•nio¥ th• ¥fMII ¢omp4ni•*' rqwmi. FurthB •nJing 3CIApFN 2025. tho cornpDnyw•i
Int￿L*d tOO%•mptionlrom•ydli und•rS•¢tion477 of¢h•CoMp•ni￿A¢1 2fJ)6 ItL•iin8to$wllcvmp•nlu.
Thi dlr•BtDrs•rknovA•dgqlhqiT rDJponyiblli11I51DrrumplylnKthTh Iheiv4uiivrnqnti ulth•Artv4ilh reipe¢t toK¢wntln8i•¢vd$an¢ th•pi•p4i•tlgnol•Erounti.
The Iln8Thclal JtatementBwqre'llpproved bythq dii•ctoiJltiuste•Jon Z5November2025 •nd &iineo on Ih•ii D•hell by..
Mri R Hlck*
Chalr of Tru¥l•¥*

REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
ACCOUNTING POLICIES
General Information and Basis of Preparation
Refugee Futures Ltd is a privale company. limited by guarantee, registered in England. In the
event of the charity being wound up. the liability in respect of the guarantee is limited to £10
per member of the charity. The address of the registered off ice is given in the charity
information on page 5 of these financial statements. The nature of the charity's principal
8¢tivities and objectives are lo advance educalion and social welfaie and for Stockton to be
welcoming and inclusive to refugees Bnd those seeking asylum in the area.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements
have been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
the Fin8nci81 Reporting standard applicable in the UK and Republic of Ireland IFRS 1021
issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland IFRS 1021. the Charities Act 2011. the Companies Act 2006 and UK
Generally Accepted Accounting Practice.
The f inancial statements are prepared on a going concern basis under the historical cost
convention. They are presented in pounds sterling, which is the functional currency of the
charity, and rounded to the nearest pound.
The signif icant 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 otherwise stated.
b)
Income Recognition
All in¢ome is racognised once the charity has entitlement to that income. there is sufficient
certainty of receipl and it is probable that thé income will be received, and the amount of
income can be measured reliably.
Gr8ntS 8nd Donations
Where donors specify that grants or donations must be used in a future accounting
period, the income is deferred until those periods.
Where donors impose conditions which have to be fulfilled before the charity
becomes entitled to use such income, the income is deferred until the period in
which the pre-conditions are met.
Wheredonors specifythat granlsordonations arefora particularrestricted purpose.
which does not amount to pre-conditions regarding entitlement, .the income is
included in incoming reserves within restricted funds when received.
Resources Expended
Resources expended are recognised in the Statement of Financial Activities on an 8ccruals
basis, inclusive of VAT. Individual costs are allocated between the various headings in the
Statement of Financial Activities by reference to their underlying nature or the reason for
which those costs were incurred, on an estimated percenlage basis.

REFUGEE FUTURES LTD
la Company Limited by Guarantee)
NOTESTOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL2025
d)
Unrestricted and Restricted Funds
Unrestricted funds comprise income received or generated by reference to the general
objects of the charity without further specified purpose. Such funds may however be
designated by the trustees for specitic purposes from time to time.
Restricted funds are those donated for a specified purpose as laid down by the donor or as
the result of a Specific appeal or application. Such funds are kept separate trom the
unrestricted funds of the charity and only related expenditure is charged againsl them.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are capitalised and depreciated at 20% 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 8t the amount prepaid net of any trade di3counts
due.
g)
Cash at Bank and In Hand
Cash at bank and cash in hand inclucles cash and short-term highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of the deposit
.or similar account.
h)
Creditors and Provisions
Creditors and provisions are recognised where the ¢harlty has a present obligation resulting
from a past event that will probably result in the transfer of funds to 8 third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions 8re normally rècognised at their settlement amount after allowing for any trade
discounts due.
Pension Costs
Contributions, which are payable into the personal pension plans of individual membérs of
staff. are charged to the Statement of Financial Activities in the period to which they relate.
J)
Going Concern
Thefinancial statements have been prepared on a goingconcern basis asthe Irustees believe
that no material uncertainties exist. The trustees have considered the level of funds held and
the expected level of income and expenditure for 12 month5 from authorising these financial
statements. The budgeted income and expenditure is sufficientwith levels of resep4es forthe
charityto be able to continue as a going concern..
LEGAL STATUS OFTHE 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 £10.
11

REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
INCOMEFROM GRANTSAND DONATIONS
Unrestricted Funds
2025
2024
Restricted Funds
2025
2024
Tolalfunds
2025
2024
Grants
75,150
82,800
175.546
90,385
250,696 173,185
The charity benefits from the involvement and support of its many volunteers. In accordance with
FRS 102 and the Charities SORP IFRS 1021. the economic contribution of generalvolunteers is not
iecognised in the accounts.
INVESTMENT INCOME
Vnreilrl¢t•d Fund8
2025
2024
R••trlcted Funds
2025
2024
Total fund8
2025.
2024
88nk Interest
Other Interest
205
.1,616
205
1,616
207
1,616
207
1,616
EXPENDITURE ON CHARITABLE ACTIVITIES
Unr••trlctod Fund•
2025
2024
R••trlct•d Funds
2025
2024
Total funds
2025
2024
A¢tlvlty cosis.'Staff costs
Non-staff c03t¥
39,723
23,146
41,184
16,134
131,406
11,810
87.129
15,666
171,129 128,313
34,956
31,800
62,869
57,318
143,218 102,795
206,085 160,113
Support costs..
Finance 8nd administration
6,150
10,922
2,875
9,02S
10.922
Governance Costs:
Accountancy and
Independent examination
.Legal and professSonal fe88
Board expenses
Board training and
development
4,500
1,405
3,480
185
348
4,500 .
10,439
3,480
185
348
9,034
3,238
3,238
5,905
7.251
9.034
14,939
7,251
Tot81 exp8nditure '
74.924
75,491
156,125 102,795
230,049 178,286
12

REFUGEE FUTURES LTD
la Company Limited by Guarantee)
NOTESTOTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
NET INCOMEI(EXPENDITURE) FOR THE YEAR
This 18 Stated after charging..
2025
2024
Independent Ex8miner'$ 8nd other fees..
external scrutiny
other costs
1,360
3.140
1.160
2.320
STAFFCOSTSANDNUMBERS
2025
2024
Gross wages and salari¢$
Ernployer's national insurance costs
Pension contributions Isee note 81
157,031
8.794
5.304
118,792
. 5,325
4,196
171,129
128,313
No employee received emoluments of more than £60,000.
The total remuneration cost for Key Management Personnel during the year was E30,821 {2024:
£29.6241.
The average lotal headcount and average full-time equiv8lent IFTEI numberof employees duringthe
year was 10.7 and 5.36 respeciively12024: 7 and 3.63 respectively).
PENSION SCHEME
The pension costs of £5,30412024'. É4,1961 représent payments to defined contribution pension
schemes operated in the names of individual employees of the charity. At the balance sheel date.
there were contributions of £95712024.. £1.9381 outstanding.
TAXATION
As a registered Gharity. Refugee Futures Ltd is exempt from tax on ils incorrie under Section 505 of
the Taxes Act 1988 Provided that such income is applied lor charitable purposes only.
13

REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTESTO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
10.
TANGIBLE FIXED ASSETS
Flxtures & Equlpment
Co¥t
At beginning of year
Additions in year
4.267
1,967
At end of year
6.234
Depreclation
At beginning of year
Charge foryear
950
820
At end of year
1.770
Net 8ookValue
At beginning of year
3,317
At end of year
DEBTORS AND PREPAYMENTS
2025
2024
Trade debtors
Prep8yments and accrued income
Othor dobtors
17,761
850
3,139
1,000
21,750
1,000
12. CREDITORS: Amounls falling due within one year
2025
2024
Accruals and delerred income
Tax8tion and social security
5.918
6.065
11,112
11.983
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Current year..
Unrestricted .
Funds
Restrlcted
Funds
Total
Tangible fixed assets
Cash at bankand in hand
Other net asset$llliabilitiesl
4,464
16.716
10,638
34.099
50,815
10,638
31,818
34.099
65,917
14

REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTESTOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)
Comparatives for prior year:
Unresttlcted
Funds
Restricted
Funds
Total
Tanglble fixed assets
Cash at bankand in hand
Other net assetsllli8bilitiesl
3,317
42,548
110,983)
3,317
56,226
110,9831
13.678
34,882
13.678
48,560
14. STATEMENTOF FUNDS
Current year:
A11May
2024
Income
Expondltuie
At 30 Apiil
2025
Unr•strlct•d fund8
34,882
75,357
78,421
31,818
Aestrlctod funds
Welcome
Developlng Skills and.
Confidence
Action Asylum Project
Skills Match
Promotlng Belonging
Sustaingble Or88nlsation
Staff Wellbeing
3,070
77.691
73.533
7,128
35.716
15.606
4,374
21,659
20,700
26.240
15.258
11.154
8.684
19.500
756
9,476
(348)
6,780
12,875
1,200
3,420
4.176
13,878
175,546
15S,125
34,099
Tolal funds
48.560
250,903
233,546
65,917
Comparatlvos for.prloryaar:
AtIM•y
2023
Incom•
Expendhure
At 30 Apill
2024
Unre¥trlcted fund8
25.957
84,416
75.491
34,882
Restrictèd funds
Welcome Project
Aclion Asylum Project
Skills Match
Running Costs and Executive
Director
Staff Wellbelng
7.965
1.613
16,510
34,241
15,938
10,206
39.136
17,899
19,936
3,070
13481
6,780
25,000
5.000
25,000
824
4,176
26,088
90,385
102.795
13.678
Toialfunds
52.045
174,801
178.286
48.S60
15

REFUGEE FUTURES LTD
(a Company Limited by Guarantee)
NOTESTOTHE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
14. STATEMENT OF FUNDS (contlnued)
In 2025. the charity is moving towards raising, managing and reporting on restricted funds by
straiegic aim. In 2024 and previous years. reporting on festri¢ted funds was by project.
Welcome: This strategic aim is to provlde opportunities for asylum seekers and relugees to be
welcomed and included. As for the Welcome Project in 2024, it is funded by The National Lottery
las part of the Tees Valley-wide Ariadne Project and Awards for All) and Stockton Borough Council.
The funds are used to support a welcome and orientation service for all people seeking asylum who
are placed by the Home Office in Stockton. as well as refugees who have come through UK
Government funded resettlement schemes. Stockton Borough Council is a key partner. including in
the delivery of quarterly service fairs providing an opportunity for refugees and people seeking
asylum to get advice and support from a range of Service providers under one root.
Developlng Skllls and Confldence.. This strategic aim islo enable and enhance access to services
to develop confidence, skills and abilities. It is funded by the Task Force Trust. The National Lottery
(Awards for All), the Greggs Foundation Ispecificslly to develop the work in the private sector). and
Fairer Stockton {funded by The National Lottery Community Fund through Catalyst). The Actlon
Asylum Projectengaged asylum seekers in volunteeringevents. togetherwiih other local residents.
The Sklll8 Match Project provided opportunities for workplace-based volunleering opportunities.
Promoting Belonging: This strategic aim is to work with others to promote narratives that positively
encourage a sense of belonging. To explorethis aim research has been funded by Durham University
with 8W8rd8 from the Economic and Social Research Council IESRCI and Research England {UKRI}.
The funds have been used to train up and support peer researchers to conduct research into the
asylum and refugee sector in Stockton-on_Tees and to develop our commitment to deepen and
embed lived-experience leadership. exploring how people with lived experience c8n participate in
decision making and shaping Refugee Futures, work as well 88 to support development of the lived
experience advisory group. Stories have been posted on social media on a weekly basis about the
contributions refugees and people seeking asylum make in Stockton.
Sustalnable Organlsatlon: This strategic aim is to ensure Refugee Futures develops as 8 trusted
and sustainable organisation working to high standards. It has been funded by The Charity of Sir
Richard Whittington, The Mercers Company and The Stockton Fund. The funds have been used to
support running costs and, in particular, the executive director. leadership through the charity's f irst
three-yeai strategy to support refugee integration into Stoekton (Running Costs and Exacutlve
Director). activities deemed helpful for staff wellbeing (Staff Wellbelngl, and legal cost5 relating to
the updating of Articles for Refugee Futures and Refugee Futures becoming the sole member of
Somewhere Else.
15. TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS
In 2025, no remuneration or expenses were paid to any trustee or any person connected to them
{2024: nill.
16