Docusign Envelope ID.. B6916686-97F8451F-8304-8FE1 EOBA2F05
Company regisiraiion numbcr: 948382?
Charity rcgislration nLinibcr'. 1160948
Foiiiidation t.or FiitiiL"eLondoii
(A company lin)i¢cd by gU￿antee)
Consoliddied Annual Report and Fin11 ncial Si4ilcmcnl
lor Ihc Year Endcd 31 Murch 2024
Lucri1fi Hodgson & D£11ves LLP
GiounLI Fluor
19 Nciv Rolid
Briglitoii
East Sussex
BNI IUF

Docusign Envelope ID.. 86916686-97F8451 F-83D4-8FE1 EOBA2F05
Foundation for FutureLondon
Contents
Reference <1nd AdministrLltive Details
1102
Co-chairs, Report
3108
Trnsiees, Repo
9toll
Siaiement of Tru8iees' Re%pon8ibililies
12
Indcpendeni Auditors. Report
131016
Con40lidaicd Siaien)cni of Financial AL¢ivilies
18
Consolidaied Balance Sheet
19
Balance Sheci
20
Consolidated Siiiien)enl uf Cash Flows
21
Sialeinenl of Ca4h F]oivs
22
Nolcs to tlic FinanLial Si:Ilciiiciil%
231043
Pri()r Pcriod SOFA

Docusign Envelope ID.. B6916686-97F8-451F-8304-8FE1 EOBA2FOS
Foundation for FutureLondon
Reference and Administrative Details
Patron
HRH Princes5 Royal
Trustccs
Mr Joseph Lyons
Mr Colin Bailey (resigncd 31 March 2024)
Ms Sarah Lockharl
Mr Andreiv Adedipc
Baroness Lola Young
Sir Dthi'id Bell
Ms Louis¢ Jeffr¢ys
Charloiie Thoni8on
Amy Shepherd
Ms Un)ii)c Haliii)a Khanom (appoinicd 27 June 2023)
R£lLI)el Crusslcy (resigned 5 Febr11￿Y 20241
Sophie Bcli gles
Staff I clim
Siifill) Nel%un, CEO
Alice Devill. DircLlor of FLindr<iising 4liid Business D¢v¢lopn)cnl
Giiy Ka%s(Iii&Tro, Hedd of FiniiiiLe
Asl)lon MLIIIii)s. Grill)ls iincl Progrdninies ManagTer
An)y Ziii));Irripii Soli%, Coiiiii)IiniLdlions M4111ag)er
Rc).%y Aii'ii'iil, G(sI'crniillcc (2nd Ei'ent% Nlan£iger
Adaii) J41}'e, Trlisls and Foundatioii% Miinag¢r
Priiicipal ()Ilicc
14 L1sI Bdy Lane
Qucen Eli/.dbcih Purk
LoiJdoii
E2113BS
Th¢ ¢h'iriiy is in¢orpordied in En&vland and Wales.
Pagc

Docusign Envelope ID". B6916686-97F8451F.83D4_8FE1EOBA2F05
Foundation for FutureLondon
Reference and Administrative Details
CompAny Registrlllion h'umber
9483822
Chority Registration Numbcr
1160948
Solicitors
Russel Cooke
Puliiey Hill
Pulncy
London
SIV156AB
Bllnkers
C.Hoares & Co
37 Fleci Sircci
London
EC4P 4DQ
Lucraft Hod&yson & Dail'es LLP
GruLind Fluor
l() Neiv Road
Brigliloii
Ei151 Si154ex
Indepcndcnl Eyumlner
BNI IUF
Page 2

Docusign Envelope ID.. B6916686-97F8-451F-83D4-8FE1 EOBA2F05
Foundalion for FutureLondon
Co-chairs, Report
Slr Dai'ld Bell nnd B#rones5 Lola Youngi Co-chairs
April 2023 10 March 2024 has bcen unoiher dynamic year for Ihe Foundation for Future London, as our
orgaiiisation ha% floiiri8hed in faLililatin¥ opportunilie5 for people in our local coniniunitiC5 acros5 Halkney,
Nei¥,11iL 11), Toi¥'er Hiin)Icl% <iiid Ivalihain Forest. Througli our uniqu¢ and innovatiiie approaches, INe coniiiiue to
ct as d connector Ilnd bridge beliveen people and pl7￿ ccs. hclping pcople lo realise their ideas, drelL ms lind
soILltions for a better Easi London for everyone.
Nonc of this work would bc possible wiihoul our long-lcrni parlncrs and donors, the City of LA)ndon
Corporalioi) aiid IV¢sifi¢ld Siraiford City, i¥,ho ive ihank for enabling (his viial coniribution io develop East
Londoi)'s exciting creativ¢ sector and responding so passionaiely io local needs and credlive poleniial.
Year 4 of ihe Wesifield Easi Bank Crcdlii'c Fulurcs Fund. in pdrlncrship ￿,1(11 Wcstficld Stratford Cily. all,￿ded
£2.282,705, Ivhilc ihc City of Londoii Corporitioii co-funded Foiindalioi)s Progrumme 41II'arded £2U4.9611
thruLigih oiir 2U2.3 Coi)nccling Peciple aiid Places Collilboralii'c Coininissioi)5.
Tl)c bo%ird 1% pr()Iid of our c)r&Jiiiii%illiun's abilily to 14'ork crriLicntly in proi'idin&> niaxinium bcncfii.s for IuL611
pcoplc Il)rougli our innoi'.iiii'c pri)giriin)nics and in rcsponding quiikly lo need%. Throu&l) our ii'ork, Ive h?1 I'C
biiil¢ on ihc CilPi1Cily ol our Iociil Icddcrs, enircpreneurs, ariists and Lrcalii'cs tlirougl) our innoi'atii'c Wegifield
Edsl Bank CTealiv¢ Fulurcs Fund und Found411ions Progrumnic, working thougl)Ifully and collcgiulcly iicross Ihc
5cclor%.
We ii'cre plcii%cd io scc Ilic resLili% of oiir IlLlI, UK-ii'ide Culture ExLI)ill)ge pilot, iiliicli ¥4'c co-prDdLILed ii'iili
Easi Loi)don-bd.%c(I Sociiil Ark and niiidc po%%ible ilianks lo uur Piirlncr41)ip il'iili Wcsifield Siratford Cily. Tl)is
prugriiiiiiiie Iniike.% ihc Cilsc Ihdl yOLing people froni dcprii'ed ncigl)boLITliood4 descri'e lo liavc Ilic cl)'Iiice lo
succeeil, rcgardless of Ilicir poslcodc.
In 21124> 6111 cycs ivcre poiscd on Il)e Paris OlympiLs, bui ihe legdLy of il)e 2012 OlynipiLs lii'cs on in neiw and
cx¢iliii&Tr i4'iiys, i¥,hcihcr th11 I's abc>ii( Eiisl Blink orgdllis%ilion8 opcning (hcir biiildiii&ks in Ihc Quccn Eli/.iib¢ih
Olynipic Park or ofl'criii&y coiiipclling i)Cl¥' Illi1J'S for Iociil pcoplc and coinii)Iinilies in ihe foiir boroiiglis ol
HdLkiicy, Neii,1141ni, Toii'cr H&lll)Ici.s and Wiililiaiii Forc%( 10 bciiclil und enbil￿Te iviih iliis new. Ltil(urdl anLI
¢diic:ilioi)al dislriil. Tlii% ycar, Ivc ii'crc plcd%cd lo supporl E¢isl Suninicr SLliu()I, SEEDED Eci%1 Blink rcsidcncy,
Ihc continiiiiig Nci4, Tiilciil-FLIILire Leiidcr% crc:Ilii'e eniployii)eiil prog7rdninie for E:itsl BJnk Jnd Ioc<il yoiiiig
pcoplci I111d (lie Grcilt Get Togeilier, Ilie allllLliil celLbriltioii iii Queeii Eli/.abeih Olyiiipic P<irL. Il's jLisI ilie .%l1I I't
of grell 1 Il)iiig.% tu coii)e.
ThroiighoLii ilie yeur, it's been fdiililslic to celebrc2te Olif Pliblic spaces 41cross sl Londoii and explore Iioiv iliese
5PaCCS C11 11 iiii'ile dii11ogLlC, Pdrticipdlioii ciiid leaniiiig by briiigiiig people togetlier frolli all ¥idlk% of lifc. li) JLiiie
202.3, ii'L sdi¥' Il)e LrL4'11ion ()[ Sci115 ai (l)e Tiil)IL, an 41LLcssiblc diid iiilLfdclii'c Icn)pciriiry piiblii rLdliii iieork in
Posliiidn P*irk? 41% pari of d ncii, pii/.c ivc IdUI)Lhcd in 20?3 Il'iih Ihc Ciiy of Londui) Cuipvialion, pdrt of ¢l)L
London Feslii'<il of Architeclure 2Q24.
Viihiri Olir orgcinisalion, li'e sai¥, several imporl<int chdngcs. In Noieii)ber 2023, Il'e lh￿￿ed Olir oulgoiiiLF CEO.
NqLiria Adeboii'iile-Schii',Irte, Ivlio left the orginisiilion Lifter five ye<ir.£, and ive recruilcd Sarih Nel%on cls inlerini
CEO.
We'd likc io idke thi5 mon)cnl 10 thank OLir enlire sldrr Icani, Boiird, parliiers cind collccigucs for remainin
con)miiied lo our ii'ork 11 S Ive Ivi(ne55 so many cxciiing dci'clopmenls dnd achicvemcnts and as our ivork
ciioli'es and progrdnin)e5 groiv.
Cb.()'s Il'clcome
Sarah Nelson

Docusign Envelope ID.. B6916886-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
2023 stsw many changes here for us at the Folindation, Iviih many inspiring a¢hievemenl.%, including the groivth
of ihe ieum io include our new Trust and Foundalions Manli ger and our Govcrnancc <ind El'ents n)aJ)iL ger. both
of ii'hich arc ii'clLoJne additions to our team. I IN'as proiid to take over the CEO role li) November 2023 I11)d
oi¥ers¢e ihe launcl) of Ihc Foundaiion's neiv 2024-29 Siraiegy, with a slrengihcncd dcdicdlion lo our con)munily
boroughs of Nei4,ham, T0￿'tr Han)Ici%, Halkncy and Waltham Foresi and increased conimilmcnt lo the
stakcl)olders of East Bank and Queen Elizabeth Olympic Park.
Wc havc coi)lii)ued to dcvclop Olif UliiClLle niodcl of ini'cslment. fundraisiiig, fuiid gii'ing and cquilablc
placcmaLin&i actii'itie5. ensuring OLir repulation £1S a trLisled granl mli kcr conlinues lo groii,, and l ivas thrilled
that ihis, alon&T i¥'iih oihcr iniportiini fccdblick points w'crc asccrtJiiicd froni our 2023 stakel)oldcr IL nd Liscr
perccplion linalysis, all, being i'ilally in)portanl io inforn) our new slralegy.
Co-design and participalory engagcmenl undcrpin all our progromme designs, and this cdn be seen in our
OLilst2i n(ling i1cliici.ei?)enls in 2023, 110 n)ore so IhiL n iii tlie pilot prograinnlc of our firs¢ UK Ciiliiiral Exchangc
progr￿]￿le. Tl)is sai¥, 20 yOLiiig people froi)) E¢l81 Loi)don, sil ¥idc by side, tyaiii, co-d¢sign, nieiiiur, le￿[1, groiv
eiiticprcnciiridl pitLlics diid bLi%incsses iiiid. iiiiportaiiily. dci'clup loi)g-tcrtn fricnd%liips <iiid ii¢livorks iviili 15
oilier yoiiiig pcople ii'ith siniildr lind diffcrenl livcd cxpericiiLcs frutn Birniinghiiin, Prcston dnd Sherrield. The
joiinicy th411 ¢hc%c yoiiiig pcople and i)ur grli ssr()oi.s organisations ivho i¥'ere part ()r (he pro&Tfiinin)e w'cn(011 was
aii'c-iiispiringi li lid, in MdrLlI 2024, Ive i¥'cre ci'en n)ure pruLid Iu SLreeii d duLL1n)cnl￿Y folloii'iiig ihis jouriiey.
We look r(Irward lo sceii)&' il'hai ihe seLond Culiure ExLhange Lohort ii'ill produce in 2024.
Oiir Empoi¥'cring Siifcr Spaces Ciinipaign launched early in 21124 and hils also been 61 key liigliliglil for Ihc
FoLiiidiltiuii. Nol oiily Iiilvc l¥'c dci'clopcd lind Icli rncd ii)ULlI froiii ihe first-liiiid researcli condLILicd i'i'i Fol%. bul
our iii-pcrsoii ci)niiiiLiiiiIy Lon41111&ilioi) li:1% rei'¢Jlcd coiiceri)%, ide<lS, IIIoLlk?lil%, feclii)k?s, kii()i¥,Icd￿?e, dcfii)iliun%
Ind niiich iiicirc reg7£￿dIng Siifcr SPIICCS 111 EiS%1 London? sill of iNhi¢li ivill noiv bc uscd lo dci'clop Ilic ncxl sliigcs
Mli ny more kcy highlighis fulloii. in nur AnnLlii l Reporl, bill dlii'ays, 1 ni prolid In bc part of siich (ln
11)(l %iicli li hiird-ii'orkiiig Icillll. Ive ilLliieved a gre&il decil Iliroligl) 2U2.312U?4.
We look fi)rivard lo Iii kiiig il)is l(Iril)cr Ihrc)Iigli 211241 1 nd oiii¥'ard% and, in paAicLiliir, forniiii&T 11 1) iiiiproved
pri)g>riiniiiiin&,
.iibcili 01 J'iiipiL P£1rk.
2023-24 Higlilighls
Laiincli of 11 Iicil, fi)'C-yCiir Sira(cgic Pliin for 20?4_29, Il'jili cl l)eii' Ic?£ 111 slriiclLire ill)d groii'ih
• LauiiLII iiiid uni'Liling of Ilic firsi UK CLiliur&il Excliiingc Pi'ogrclllllllc pilol aiid dociiinciil&lry
Midpuii)t Wc4ificld Eil%t Bank Crealivc FLIILires Fund celcbrdli()n ei'eiil ii'iil) oi'er 611 slJkel)old¢r¥ hcld al
Coppcrn)akcr S(ILliire
Lil Iiiich of Eii)poM'ering fcr Spaces caiiip4iigi) Iviil) key researcli fiiidiiigs lind coniniuiiily coi)sultalion
vorkshupb
Flindcd 2023 Greiil Get Togcilicr iii tl)c Queen Eli/.<ibcth OIyii)PiL P￿￿k
Coniniunily iie(ii'ork his groi¥'n to oi'er 400 grassroots organisqtions
Kcy IIIoLighi le21 dei'511ip pieces in n1( Iioii<il preE5
£50L aii',Irdcd io Se4114 di ilie Tdble by Rc-F&ibriLale and The Disordinary Ar¢hilc¢lurc Projcci ds pari of ihe
Co-Dc4igi)ing E(iuil}' iii Ihe Pliblic Realin conipetilion
LdLinchcd fiT51 Piirlicipalory gi'iltils Pi11)cl
£2,457,451 dii'ardcd io I IK) Lommiinily organisalior15 and indii'idvals
Coniiecliiig Pcoplc an(1 PlilLC% Colliiboi'<ilii'e Coniiiii%sioiis 20?3 £lll'drded £154.960
Collabordlii'L l4'l)rk%li()p held ii'i(h ihc Calonibiiin Enibassy and ihc IVcai'er8 1)l- Nqampuj4n
Collaboralion Kl'iih Lcndlcdsc io fdcililaie g¥ra%srooib or&ifallisaiion produllions for S¢rJiford Cross opcning
Joint slralcgvic and opcraiional Icam aciii'iiic5 wilh ihc Ea51 Bank ieam io csiabli5h dnd (e5t ncw. I￿.￿YS or
Ivorking

Dowsign Envelope ID". B6916686.97F8451F-83D4-8FE1EO8A2F05
Foundation for FutureLondon
Westfield Eost Bank Creotive Futures Fund
Throii&ih 20?3-2024, Ihc Wesificld Easl Bank CreatiN'e Fulurcs Fund (WEBCFF) ha5 coniinucd io grow, IN'iih
truc Social impact noied ii'iihin Ihe eomniunilics. A8 alw'ays, (he Foundalion gil'e% immcnse appreeiation and
thank5 to Olir core donor, Ivesifield Sir41tford City, for ils generous £10 million donation oi'er seilleral years,
helping to creale oiper 30,000 n¢ii' jobs, learning. Iraiiiing, lind Cducaiional opportiinities lo bc poi¥'ered oi'¢r tl)¢
full five years of ilic progr￿]11)e. Thcse opporlunilics delii'ercd tlirougl) art, culiLirc, iiinol'atioii ai)d crcLl1iN'e
pluceniaking.
The progriimme continues lo hai'c a strong focus on the I'ibrani and dii'er5e people, grassroois orgdnisaiions,
s￿1￿] cnicrpriscs ai)d comniunities (If Neii,hani, Toil'er Fldiiilci%, HaLKncy and Waliham Fore%t, i¥'iih ihc full
programme conlinLiing lo aligi) Ivith Wesificld Siratford City's Bctler Places Siralegy 2030.
Through tl)i5 period, Ive 5aiv flirilicr datJ and case 51udie5 provided by our Year 2 and 3 griinlees i¥,hilst Iso
opening Ihc Yedr 4 conin)Linily fLlI)Iliiig 5lrand. Tlie progriinin)c progressed further, infortncd by regLilar
eon%Lilialion and fec(IbacL Iruni OLir grill)Iccs. conimiinities and sliikcholders. Tl)i% yciif, H'c iil.%u dclii'crcd cin
incrcdibly succegslul UK CiiliLiral Exchange prograninie. Wc a%%c%%ed iiiid a￿.￿rded I'iinding) i'lll oiir fir.%1
on)niuniiy-cmploycd gruiils panel, and li'e l¢iiinLhcd our Enipoi¥'cring Safcr Space cdnipaign.
Highlights to Dale
£4 ?13.687 IlircLI iiii'ebtiiiciit intu pr(IL)rJiiiinc4, LJP.'ILily building ￿ld coii)iiiuiiity organisalioi)s
250 Loiiiiiiuiiily (IrgTillli%&ilioii% ill)dlor iiidii'iduiils fLiiidcd
Oillcr 30,111)n enipl()>'i))enl, Icaniing, bu%inc.%% cnlrcprci)CLir and young pcoplc opporiiinilics provided
5,73.3 c)pp()rliinilie% pr(7vidcd Iliroii&711 Cilpiicily bLiildiiig iiiid capilcil inN'eslnicnt graiil
12,674 opp(>riuiiiiic% proi'idL'(l iliroiig'li Loi))InLlI)iiy progiraii)IllC gTiai)l%
711t/o ol gTrrill)lec% rcporled IliLy fcli il)Ly l)11d bciier aCLC%% iu liiruvcr iii%(Iiiilioii% und boroiigyl) coiinci15
Digiliil rc%ich of oi'cr 2,()22,69.5
6 Loiiin)Iinily coii%uli:Iiii)11 Llig; gcmenl opportiiiiilics
Sl)orili%ied fi)r Cl)iiiily BLlSillC%% Aii'&ird%' BL%1 Mid-Terin Partner%l)ip
E%ldblislicd a parlicipiilory gr41nl-giving Piincl, offcringTr IrJining, SLipporl dnd paynieni for Piiiiel mcnibcr iiii)c
Tr'oundations Progrnnime
As ¥i'e LoiiLlu(IL the fiii.ll year of ihc Foiiiid'itions Progr'ii1)nie, fiiiided by tl)c City of Lniid()i) Corpar:Ilic)ii IC(IL},
Ive reficcl on a Irill)4foriiiiilii'c jOLin)ey Ili'it Iiiis sigiiifiLiiiiily iiiip:Iclcd ilie crealii'e liuidscilpL of Eilst Loi)doii.
Over Ilie pa%1 folir ye<irs, Ilic F()Lind'itioii for Fullire Lundon Iiiis Iiiiniesscd its pldiforii) and Pliblic
cuinnii%sioiiii)gi opporliiiiilic% pioi'idcd by Ilic City of Loiidoi) Corporiilion Io 4idi.oL41(c fur ilic iillporlilllcc of
FuEioii Skill% iiiid cl cfciilii'e Iciin)ii)g iigcndil cros5 EIL sl Loiicloi)'s broiid Cliliiirdl cco-s}'5tcii)
sLI)ools, grass roots orgaiii5alioiisy riisls, corporale5 und liirgcr cul(Iii"
In lolal, ovcr £8511k hJ% bccn cli%(ribiiic(I dirccily lo pre(Ic)minalcly grilss-roois cqiiiiy-lcd Eiisi London
organi£'itions and individLiJls lo d¢lii'¢r inclLi%iie &lrt%, edLicalinn :Ind eniployment pn)gr'in)ming progr:In)mes
and projclls ihrough four inlcr-Lvnnccled slrJiids'.
Foiind1i lions.. Coniiectiiig Pcople 1( nd Pli1ces and Collabora(ii'e Commissions 2022 and 2023 (£42.f k)
Cross Dis(rici P11 I'lnci'sliip Dei'clopiiieiil.. Coniinissions. Conipclitioiis ai)d Prizes1£135k)
Easl Bank Collabordlii'c Pro¥rdniiiiing {L182kl
Crc4l¢il'e Lcdniingi Sirdic&Ti¢ Partncisliips Dci'clopmen( and CapaLiiy Building {Ll12k)
Looking Foris'ard
Alihoiigh ihe F()und411ion's ycar ahcad 1% cxp¢¢icd io bc chall¢ngiingi ii¥j¢l) Ihc cconon)iL and lundrJi%ing ilin)dle
becoining iJiore con%lricled, tlic leam is enihusiastic aboul the poienlicil opporllinilies, p.irticii1￿& ly ihose coming
rroiii our SLiccesse5 I11)d cliiei'eiiiei)ts.
Page 5

Docusign Envelope ID. B6916686.97F8A51F-83D4.8FE1EOBA2FOS
Foundation for FutureLondon
As our E&s( Bank partners opcn ci'cn more doors 4ind w'iih tt Kcy role, (he Eli St Bank Director, noii, in post,
ii'ill be ablc io dci'clop iniproi'cd and niorc delailcd stralcgiL reldlion5hips and ￿'ay5 of ii'orkin¥ ii'ith ihe
P1£ rlners willi ali official Memorandum of Understanding {MoU).
Closer working rclationsliips iviih our parlners ivill pol¢nlially cr¢(Ile evcn n)ore oppor¢unili¢s lor Ili¢
Foiindation. East Bank and suryounding commiinilies.
Wilh our neiv slratcgic fundraising p111)S Kind dcvclopmenl of oihcr i'itdl progrdmnics. Ive conliiiue lo bc drii'en
in our i'ision lo scc Easi London of coniiected. ccononiiLcilly ihTiving. crc£ilivc 4lnd diverse COmlliLlI)ilies
Ihroubih plans or..
FLlrtlicr flexible grilnl-gii'ing prograniiiies
Iniproi'cd capiiLily-builcliiig, frcel<iiice ill)d progrilllitning opportiinilics
Add neil. cilic% lind Loliorls to Lonliniie ilie Culiural Excli:IiiLic progirilll)me's sUCCCS5
FLlrtI)cr %afer %PiiLC re%ccirLI). Loi)s11liiilion ill)d dci'elopnienl, inclliding Piincl evcnl
Mou ii'iili Eiisl Biiiik pdrliicr5 for 4lr<ilcgJiL joinl ivorking
Inipr(Ii'cd IlioLighi Icdder.%hip cind il(II'oLaCy Opportunities
Gr()ii¥ili of Ilic F£)ILI)(laiioii'8 Cc)niii)iii)i¢S' Ai))b41%5ador pro&Tran)ii)e, iiiLluding Ir41ining 1gJ)d profile-rui4ii)8
Fui)dingT lind LOlillllLiiiily progirilll)Illill&7 fur Gi'eal Gei Tu&7cilicr 2U?4
Hoslii)gv i¥'ork%l)i)P d% Piirl of Uiiii'Lr%iiy of Eiisl Loi)d()n'% CrcJlivc Indii%lric8 Fc.slil'dl
Liiiiiicl) uf Year 5 ()f il)c Wc%ifiLld E¢141 Baiik Crcaiii'c Fiilurcb Fund
Pro&)r611)Iiiic (>f in-pcr.%(Iii neii¥'c)rkii)bi ci'Liits
C()niniiiniiy Aiiibi1%%41dcir lind Pillr()n ci'cni%
()UR I,"INANCI.:S
2023-21124 ()veri'ieiTr
This Ye￿ 14'c Loniiiiiied io iniplenicii( uur fuiidrili5ing %if41¢cgy io dLliici'c loi)g-Icri)) finanLiiil 5u%(dll)Iibiliiy by
dci'clopingl oiir liindraisiii& Ii)r ii)coine &)r(>ii,Ili, Ivliilc k'cepin&> expci)(lilLirc iinclcr L()iiirol 41nd rci'icii'iiig) Ihc
Lh-lrii J 4 1)pcr'iliunJl re%(IiirLc rciiiiirci))cni%. Thc F()Iind:iiioii'£ IT %J'%lcmN ivcrc migir4iiccI sii¢¢cs%fiilly ()nlo
Micro.so11 365 E3 iviih li nci¥' unicivc icn%ilii ID in il ¢C>51-cffcLllI'C iilldy. Our bud&iel%, forcLi1s1s and plill)S
inicgrulc ihc ihiillcngcb of Ihc &Trci)eral funding> cni'ironnicni.
Trinancijl Revieii.
In ycar 21123124, our lol&il 0￿r￿lting Iiinds Éininlinied to Ll,I13,385120?2123.. LI,364.022), i¥'iili £1,916,662 lield in Lish imd
4110rt-tcnii 11)I'LsIIiiLiIIs <11 ¢IIL eiid ol Ilie ye￿.
Our iiive%liiiciil iiiLoiiie £52,435 fr(Iiii b￿)K inlcrest oii sliort ten?) dcpusil.% dliring Ilie Ye￿ (20?2123-. £16,766).
Oiir oi'criill incunic i¥'iL% L2,f54,2311 CO]llPi￿￿1 lo 211?2123 cil L2,1144,4118 ll'iih 2U22123 £3(),8() I bcingT ihe i'iilLlC ofdoi)aliuns
in kind Se￿,[ce5 proi'idcd by tlie Lonilon Legclcy Deieloptnent ILLDC).
Toldl expcndilurc il'as £2,6tH,8651202Y23.. £3,340,6113) a dcLrc&%c of £735,738. This deLrca5e ii¥Js lar¥cly drii'cn by the
grants aiiiard% li'e con)mi(Icd lo Wc.%ifield% Crcdlii'c Fun(L4 and Ciiy ol London pro&Yramme8.
Olir cosl of cl]L￿1￿ble &iCtivilies reniiuned oiir priority w'ith the econoii)ic sitU<ilioi) Ivhilst ive fLlrthcr ii)I'esled in fuiid raising.
The co%1 olrciisiiig lund4 iiicludcs our fi1ndr￿%11]g Lo%ls for coil%uli￿l1s staff time.
Page 6

Docu51gn Envelope ID." B6916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Who Ive Are
Foundi21ion for Fulure London is an indcpcndcnl charity ii'iih .%traiegic foLUS on ans, culiurc, hcriiage and sport
as a ci11iilysl for equitable rcgencralion for Ilie East London boroughs of Hiickney, Ncii'haTn, Toii'cr Hamlelg and
Wal¢hani Forc5t. The Fuundation supporls luLal pcople anLI communitics 10 bcncfit from le<in)ing. ¢raiiiing and
employtncnl Opportunities delii'cred by our fundrai8ing and grani-making operations.
Esl.Iblished iii 2015, Ive iiork to connect local comn)Linilies w'ith tlie new East Bank and ils globally rcnow'ned
art£. innoN'aiion and Cliliurdl p:Inners ai)d iviili Ilie coii)niLlI)ilies 411)d .%l:Ikel)Dlders of Ihc Qucei) EIILabcih
OlyJnpic Park Kind surroLinding arcil. Wc aim lo ensiirc eciliilable opportiinilie4 dnd fdir regencration in E&%1
London, 1L lid li'e do thi5 ihroligh our gcnuinc con)niilnienl lu participatory &yranl-tn47king, innoi'illii'e capacity
bliilding, and Ihc u%e ()[ iini(iue knoi¥'ledgTC, il)sighi lind ini'csimcnl niodels. We ain) lo be a cal*11y51 for change
Ihrou&h ihoubylit Icddcrsliip, lobbyin&Tr and inlluciiLC undertak'ings.
Our NIodel
Inc1115iv¢, Jcce5sible. agilc collJbordlii'c
Siipporliiig eLononiiL dei'elopmcnt, IuLal cniployniei)t, iiicliisii'e plJLe% dnd Li)miiiunitieN
Sirengihcning iner4hip.$ 14.iih Iocdl ()rgiini%illion8, con)ii)uiiiiics and E%lSI Bank Piinners
Cliilll)pioiiin&y e£iLliility, inclii%ion, %uslaii)41ble dL%iieli)pii)cni and ilic ciii'irunnicnl
A co-dcsign and pariiLipatory approiich
Thi5 n)odel iilloivs the Foiindaiion io build a iii)illUC pproach lo con)miiiiily invcslni¢nl, ¢nsLiriiig Il)Ilt OLir
ini'c)Ii'cn)Lnl goe% bcyond th¢ bJ%i¢ ifilll%¢i¢lioii of projeLt fuiidiiig, in%lciid neLes%iliiliiig loiigcr-lcrii) nclw'orks
cxlr*l Ii'r-Ip-:Ir()Iiiid 'iii(I loiiLicr-Icriii .%Lippurl, ii'liiLI) is ncedc(I by uiidcr-rcsoiirLed coininLiiiIIic%.
WL d() Il)i4 by proi'idiiig flexible upplic4ilic)i) Jjid gFr'iiil 11):Illiigici?)eiil pr<iLlicc4. Mcill)i¥'liilc. olir CilP£lLI(y
Bliildiiig Pri)&TfilllllllC LC)Iilii)ue.% lo bc a bcdroLL fur gruii'ih lind 5Li%laiiiiibiliiy for LLirrLI)I, pJ4lt iiiid fiiliirc
grJiitces. Tlic progFrciniii)e hil% gonc froiii slTLiigili to slrcngili, providi11￿ a i¥'idc breii (lili i)r cl(Idilii)n¢il %kill% dnd
Irainii)g opporlLiiiilic% Iliiii fccd diiccily ii)Io OLif SULi411 iii)Pd¢l 4111)ici'eniciit%. Alon&*sjclc offcrii)bt l)c%p()kc oiiliiie
Olir coii)mLlI)ilic% 10 (Ici'elop, gTfoiv Iiiid bcL(Iii)e sitsliiincible. Tl)is nicill)% IIICY 4irc in i? slroiiuvLf p()Sili0ii Io ¥CCLirc
iniprove Slaff reiciilioi), expand prograi))nic dclii'cry lid conliniic lo dcvclop dnd slrengilicn
their urganisdiivi)s.
Our CilP¢lLily-biiil£liiiuv Iillii'ork ill)d pliiif()rni-riii%ing proi'idL .1 poriiil for s1i.1ring7 inforiii:Ilii)ii. bc%1 priicIiLe% i11)d
ollJbi)r-Ili()i) opp()riiii)ilic%. One-lo-oiie kiLiid:Inccl Lnd <idi'iLC Iiill'c gi.0￿,n by 18.2rh, M'jil) 80C/6 of Il)c pcople
%uppi)riLd idLlltifJ'iiig J% c()11)iiIL? fr()111 IliidLrrLI)rL%ei)Icd b:ILkgFroiiiid%.
F.qU￿1ltyI Dii'crsitv And lnrlu5ion
InLIIi%ioii 4iiid Ilii'crsiiy ilndcipii) dll (lie Founddliui)'s grill)l-In%iking and &)ji'ii)g dLlii'ilics. Our proLFr&llllll)C% &lilll
io rciilh a r%inbYc ()f bLnLfici:Irics aiid ioiiiniiinili¢% in ILrni% of dei))ogFraphiLs, eiliiiiLily, age cll)d need. 4ilivays
ensiiring ihal II'L nieet our inclusion ind dii'cr%ity pill1￿ r.%.
Sustainability
Our ivork io creLlle Sust7￿ illl£ ble dcvelopiiieiil in East London is diTccIIy £11igiied ii'i(h four ol. Ihe Uni(cd Nillic)n's
Su%111 ill&iblc Dci'elopii)cni Gc7als ISDGI iiiid go(xl prdilicc Js folloii'%'.
.SDC¥ 4 - Qu:ilit}' EduLalioii'. Eii.%ure iiiclu%ii'c aiid ciiuil4iblc ciiiali(y cducalioii di)d protnolc lifcloiig Icaming
opportLlllitiC5 for 7111
Dl: 8 Dccciil Ivork Ecoiioniic Groii'th- Pron)oic inLlusii'e and susliiinable economic groii'th.
eniployiiicnl and dcceiil li'ork fvr all
SDI: IU - Rc(luLc(I Iiicqiialitic%'. RcduLc inequdlily Ii'iihin and among counlrics
SDG I I Su%lain*ible and Incliisiir¢ Cilics.. M.ILe ciiies inclLlSlI'e, safe, resilienl and susl<iinable
Page 7

Docv5ign Envelope ID.. B6916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Vision
Throiigh oiir cro.ss-boiough ilioiking and uniqLlC ini'cslment and engagcmcnt model. Is'e ivant to see oiir East
London communitie5 Ctnpoii'cred iu bcconic rcsilieiit 4lnd tlirivii)g. dei'elopiiig prospcrous and sustainable
creatii'e and social ¢conon)ies. This i¥'ill be ￿hLe1'ed thiough dLLe55 lo cquilable opportunilies and fair
regeneralion throughoui East London wilh dynamic and lifc-lhanging possibililies.
Llli55iOn
To bc ihe fir.%l-Lhoice orgianisation for servicing Ihc building of partncrships, funding progr<inimes, investinenl
slralegie5 41nd modcls of excellence; to improvc econotnic opporliinilics for our E£2St London coiiii))unilies.
To bc rccognised Ll thoLigl)t leadcr i¥'iih a uniquc modcl lor Lo-dcsign, parlicipaiory approaLhcs and
capacily-bliilding mcchanisms.
Olir fLindrcii4ing £1nil gr11 nt-giving 4iclivilies iN'ill iiuriiire inclusive IocLI1 cconoi))ies and will be built on oiir
Iiniiiuc Lu-desigjiicd parliLipalori' iiiodcl, dcep-ruolcd Lon)n)Iinily kiioii'lcdgc and iietivorks.
To coniicLI our Luii)i))Iiiiilic¥ dnLI .%laKLlI(IldLI'% in dnd JroLlI)d Ilic QLiceii Eli/.abcili OlyiiipiL Park aiid East Blink
lo the i¥'ider four bor(iii&Trli coii)niiiiiiiic% ill)Il uYriissroo(s orbiini%illions Ihill ii)kikc OLir boroiigTI)s uiii(iue.
()ur v￿]uC5
InLILisive
Colliiburiilii'e
Tnibicd
Auilicnlic
Jiiveslnient Prlnclples
41inic55 of Opporlunity
ELoi)oiiiiL IIiLlusivily liiid Suslaiiidbilily
Iiiclusion. Diiicrsily aiid EqiiJlily
StrAtcgic l)lan 2024-2029
Folloii'ii)g 41 del£iilcd pcrccplioi) 4liTrkcl)i)Idcr <ind Liscr 'in<il}'¥is Jiid siiri'eyii)gY, I¥'C 14'Lrc ilirillc(I In liiuiiih oiir IILIV
rive-)'eiir SiriilcgTiC Pliin lor 21124-911?lJ. Our core aiii)S Tclllaill ill ihc hciL rt ol ilie F()iiiiddiioii'i fiiliire. Thi5
cnsiires ih4lt li'e pliiy a criliccil rolc iii siipporiingF our Ea%1 Loi)don Loiiiii)Iiiiilies liiid Ilic L()11)IIILinilies diid
51akLlic)Idcr5 c)f Eil%t Blink dn(l Ilic Qiiicll Eliiiibc(Ii OlyiiipiL Pcirk, prui'iding flirihcr rcilLh, niciiningful
parlnLrsliips and Lollabvraiion%. Wc ii'ill do ihis by dei'cloping robii%t opcraliiig iliid fundrli isiiig plan5.
Along%idc our rcfrcslicd vision iiiid Ini55ion, our li'ork is guided by lour slraiegic priorilies-
l) Iiii'csting and Connectiiig - ensurc li'e expand our reach Ihr£)u&h strong fundraising an(1 lund-gil'ing pldns,
grc)11?ing clii'cr.%iÈy* iin(l i'isibilit}' IhroLigh slcu'ting prograniiiies, inilili lii'es nd coii)IllLIIIIL<ltioi) pl.Iiis
21 Our BDroiisJhs 14 lid Thcir ConiniunitiC5 proi'idc access lind opportunilie% Iliroug71i co-de%igii, participatory
and cqiiildblc ini'csinici)I priiiLiplcs ii.liil%l a150 being? (Iligncd io ihc slriilcgTiL priorilics of eiicli b()r()Ligli
31 Quoen Eli7.abolh l>ark Ond b.ast nk C'ommunities
Lc)ni)ecl ¢hc cruLlcil rolc thcsc P11 rtncrs pliiy in
r4icilil<ltiiig creative ecoiioniies lo Iliose iiitliiii ihe lo¢al buroiighs ihrough Siionb parti)ership and prI)&Tr￿)min8
4) Locnl to Clobnl ilirough tlioiighi leadersliip, dald aiial}'sis, best prclctice, pldiforin raisingi lind m¥ixiiiiisiiig
ne(%￿0TKS. ii'c ￿,111 5hoivcasc the amll 7ing t£llcnt and resilience of East London to the UK <2nd beyond
Page 8

Docusign Envelope ID.. B6916686-97F8451 F-83D4-8FE1 EOBA2F05
Foundation for FutureLondon
Trustees, Report
The TrLlStecs. ii'lio are Dircctors for tlie Plirposes of cotnpany laiv, present the Annu£11 Rcporl together ivith the
rinanciai staletncnls of tl)e cliaritable conipany for tlie year ended 31 March 2024.
Report of (he Tru51ees for ihe ycar cndcd 31st M￿Ch 2024
The Trnsiees arc pleased to present iheir Annual Report ¢ogeiher ivith ihe financial slalemenis of ihe chariiy for
Ihc period l April 2023 to 31 MarLh 2024. ThL5C arc also preparcd io mcei the rcquircnicnis for a Dirccior's
Rcport and ALcoiiiii.4 for Con)panics Act piirposes. Th¢ Corporulc iiifonnalion on pag¢s I to 5 also fornis pth of
this Trustecs, Reporl.
The financial slaien)ents comply ii'iih ihc Charitie5 Aci 2011. (he Companies ALI 21X)6, Ihc Mcmorandum and
Aniclcs of AssoLialic)n> (iiid ALcoiinliiig iiiid Reportin& by Charilics: Siaicnicni of RLcoini))ei)dcd PraLIiLc
applici¢ blc io cliarilies prcpi1ring thcir accounls folloii'iiig ihe Financial Reporliiig S141ndilrd 1¢ ppliciible in Ihe UK
and Republic of Irc147nd (FRS 102 elfeclive l January 2015).
Tongil)le fi¥cd assets
No langible fixed ass¢ls iverc h¢ld ils $1131 March 2024 (2022123: iionc).
Inve5trnen¢ poi%ers and policy
Thc Trusice%, hiiiiing re&iird lo the IiqLiidiiy rcquirenienls of opcruiln￿1 Ihe L'hurily, liavc kcpl uvuilablc funds in
an iiiierc%l-bciiriiigi dcpo%il dLL'OLin(41nd seek io opiimise ils retum on operdlii)g fiinds ivhil81 ulii'ays foLu%iiig on
Ihc %CLiirily of such fiindb.
Rescri'cs Policy
Olir r¢scrvcs ar¢ our nel ass¢lg 47nd al 31 m￿1} 21124, Olif Linreslricled fiiniis ivcrc £1,251,721131 M11 rLlI 2023..
£1,418,795). Tlic cl)iirily liolds rc%eTI'e% Io Clldblc il to SUPPOrt its ongoing Operations Ils it iinplcmenls ils fulLirc
pldn4 aiid 41rdlegies lo dclii'er 114 cl)aritdblc objcctii'e5.
Tlic £1.2.fjiii rcpreseiils coiisideriibly niorc 11111 n tlic ti2rgel Ici'el of reseri'es. As (he cliiirily's slr1i Icgy is to lucus
on fiiiidi'ilisiligi iiul oiily for Ed.41 Biiiik bLlt for Tlic FoLlI)diiliun lo bcLoiiie a liirger, niorc iit)paciful Lhari(y iiiid
our cxpcn(liiiirc Liirrcnily exLceds 0(Jr ii)Loiiic. Tl)i% 15 dclibcriilc, ilic%c plaiiiic(I dcficils Jlli)%i' us 1() jiii¥c%l iii
fLiiidriiising groii'il) lu dii'eTbify lind groiv inLomc ii'iih a vici¥, (o brcak. ii)gi cillcn in ihc nicdiiini io longv Icrn),
i,hilc Lon¢iniiin&t l() delii'cr .1 signifiLJni pr()&TrrJni in Egst London, niaiiii¢iining a fLIII rdiige ol I'ilal programmcs
lo dLhiciJc OLir Ll)Iwiliible purposcb and sif%l(L&y.
Ti)is ni.ijor ini'es(nici)l iii fiindrJisii)g groii'ili plli 11 is lo sce Tlie FoLiiid<ilion tri21isilioiiing froiii il.% prei'ioLIS
rLindr:iising IiiodLI, iii ii,liicli the capital fuiidraisiiig iva5 rel£2ined for East Bank ilnd Ilic inconic fiindcd only
capiliil granls, and iii ii'l)iLII OLif iii)PiicI M'ils n)udcst and Lould not increasc, lo d luiidraisiiig n)odel in ik'hi¢l)
run(Irili5ing and iiii'c51n)en( iiicoine forms just one of a morc di1¥
Lrsc fiin&y¢ of incomc slrean)8 for progranis
,hiih, in lin)c, g¢neralc% niorc lunds %0 ii'c n)ake ¢i'en Inor¢ of a dilf¢r¢nce.
The TrLi%ICCS LonsidLr li pnideni to hold rL4cri'cs higilicr ihan Ilic iarg)Li rangvL. li 1% eX￿Lled thai ihc level of
reseri'es iiill dccrLase over Ilic nexl li¥0 years tlic fii)ancial stralcgy beyoiid (lia( iiill forii) Pilrt ol Ihe new
BLisine.4s Plan.
Thc rcscn'es policy nd Iciel of IiiircslriLlcd re5eri'csi 1 rc rci'icii'ed by the Finiince and Audit Commiiiec beforc
iilioii by (hc B()iird ol Tru%lcc%. Thc iiirrcni poliL J, is for Ihc Lhariiy io hold a lar&Yci ran&ie i)r rcscn'es 1)f
not less 111111) 12 monihs of cxpcndi(Iirc oi'cr ihc short i¢Thi. The Board of Tru51ecs Loniiniies lo monitor Ihis area
to ensure Ihal Ihc Ici'cl of rcscrvc5 align5 w'illi this policy.
Rcstriclcd and De5igniÉ ted b unds
Page 9

Docusign Envelopè ID". B6916686-97F8451F-83D4_8FE1 EOBA2FOS
Foundation for FutureLondon
Trustees, Report
The charily had reqiricled reserves of £61.66A at thc end of (his financial year12022-23.. £154,775)).
Th¢ Trustees ¢onsidcrcd li ptwdenl io designate funds for resiruciuring and iran5fomaiion dnd £150.1)00 ivds
designated fron) Linresiricled lund8 inio a rcsiruLiure and Iransformatioii lun(l. This fund remains dc5igiiiilcd at
31 Marcli 2024 iN'ill be &l1'1ilable for use in any reslru¢lurc or ￿an$[Omi￿(1Ort activily arising from ihe
financidl stralcgy aiid business plan in th¢ fuiurc.
Subsldillry company
FFL hiis on¢ subsidiary, Fuliirc London EnieTprise% Lid, founLled on 3 OLlubcr 2015. li been dLliN'c durin
thc finJnLi11 yc.lr 21123-24 11% part of thc sucees%fiil funding lind donillion froni WSCIUR w for spons()r%hip fees
.Ind iiclii'ilics reliilcd to ¢i'cnl%, n)ark¢ling and coii)Inunici11ion. FLE haq 118 ow'n asse¢% lind liiibililiC% and ih
re(iuired Icgislalioii and dLlC diligence are obscrvcd nd &ldl)ered to.
Pluns for future period5 and going conceri)
Thc Co¥'id-19 Piindcii)iL 41nd Ll)%l-cif-liiiiigJ Lri5i% Iidi'c affeclcd fLlI)dTill%il)gJ aLr()ss Il)c iioii-profit 5eLlor illilt
rcdLILcd PLibliL sni)ncy tl)ai ]% ai'aildblc Iv tlic %cLlur. CunseqLicnily. ilie pace of phil<inthrDpiL di%Lu4SiOI)s has
sloivcd doii'n in 1¢ gcncral conicxi of increiise(l Lon)Pelilion.
We contiiiiie lo ni;InJgc oiir iiLiiVC pipclinc of funding pro%pcLl% aLro%s a variciy of relillioii%hip fiindraising
ii)coinc strei111i%, inLlu(ling Mid ¢ind Higili.IcvLI iiidividiials, Iru%ls und r()Iiiiddii()ns ill)d L()rp()riltc Jiid sliltiilory
P<lTliicr%. Pru&>rc%% 1% In:In:IgFcd Ihroiigl) Il robiist, rcgvuliir rLpurlii)g 4¢fiiLiiire iviili Excciiiii'c and Non.ExeLIi(ii'e
oi'cr4iglil iiiLliidiiigJ 41 dcdiLiilcd Fui)draising ii)celiiig, FinillJLC ;Iiid Audil i))¢Llings iviil) il)c Ex¢¢iiiii'c Tcilll) dl)
il)e Bul￿d of Trii%ice%.
Wc hai'c ii'idcned oiir propo%i11s bc)'ond gr21 nl giving 10 SOCilI l inN'cslnici)i. OLif Liniciiie 11 ppfo4ich IILIS ilttnclcd
coiisidcr&iblc inierc%( fr()ii) IIIC %OLial iiiN'c%liiici)I scc(or. Piospcclii'c pdrli)cr% froii) il)i% %LLI(Ir iifc 4upporlii'c ()f
our plans bcLaii%c of our gTcnLiiiiely origiiiiil n)Cill)% Iu .%Lipporl LOIIIII)Lll)iIics' 4iLces% Io SOLiiil iiii'c4liiiei)t. Tliis
confirms c)ur c%liiblisl)cd po%ilioi) cl% illlJOVK11urs in Illis iireu,
il)ead of Ilie Leilgeisl. polcnlidlly eiiliaiiciiig Olir
biddiiig 4Liccess.
The [)():￿￿ reJrriniicd il% i()iiiiiiili))cnl li) n)illl)lilll) %lll inii)Inc-&ici)criilii)g n1￿cl in ii.hiil) .%igTnificiini groiieih in
inipacl is po%siblL <iiid Liin li:Ippei) r()r IIIL loiiL-lem) finJiiLiI1 SLislJin:Ibilily ol. Ili¢ F()111)dJii(In.
Vc pliin for Si¥Tnificaiil iiiLoii)c groii'ili, aloi)gsidc son)e Lonlrolled dnd liniilcd grow'ili in spciidiiig. IN'I)ile
LoniinLllI)& (u dLlii'er iii)PilL( errcLlii'ely.
The Tni%i¢e% IllJillliiill il risk registcr dcliiiliiig Ilic likcliliood lind polcnli1l1 illlPilC( of idLiililicd ri%ks. Ilic Lontrols
¢slablish¢d 10 n)i¢i&yaf Ic LoiiscciuciILes and Ilic iiidii'iduiils rc%pon%iblc for rci'icii'ing and Illill)iiging coiitrols. Tlie
mciin risk% faLing ihe Lh¢iri(J' arc sciiingy and %CLiirinb? realisiic fiindrdi%ing) liifgTCls to (Iclii'cr the EJ%t Biiiik project
and dcvclopiiig aiid iniinlJining ihc pirlnership% lo delii'er OLir ch.Irildbl¢ objcLIiI'¢8, and ihc dei'41%1411ingT in)pdcl
of Coi'id 19 011 11)e ilr(s aiid CLIIILirc seclor, as significant reduclion iii doiior aiid pliilaiiiliropic gifi% for arls,
LuIILifc iiiid Ciipil1i I projcLIs.
Aciion to tniligiilc risks hi2S been rci'icii'ed lind grced. As Plirl of ils risk- niiill<igen)ent policy, FFL ii'ill keep 11
con51anl rei'icii. of ils CLlI'rciil and futiirc opcriltiOlllL I plaiis c2ncl striilcgy.
FFL ii'ill be the ciisiodian of ihc prcijccl's Ic&Yac}' and il'ill coniinue io ii'urk collaboralii'cly to i'alue knoii'ledge
equily Llnd delii'er oil 11% objec1£ on inclusii'e..
urb'in regciieralion
• crecilii'e pldLC tn1c king
ii'orld clLlSS arls, culture. herilage and Sports
Page 10

Do￿Sign Envelope10.' 86916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Trustees, Report
SLipport for and pathivdys inlo.. skills dcvclopnienl., training and employmcnl; cnlrepreneurship- freclancclgig
cconotny.
Thc board has assessed ilic Lharily's abilily lo coiiliiiue a5 a going coiiLcni for Ihc forcsccablc fulurc. Ive hdi'e
con%idLrcd d ii'idc .%pcLtrum of iniernal diid exicmal risk%, otKrationdl pluns, budgci%, findncidl forcca%ts
including cash flo￿, and rcsen'c8. The boiwd 18 fully .saii8fied thli i Ihe charity is a going concern for ihe ii¢xi 12
monihs.
20-12-2024
Thc anni111 I report was approi'ed b}1 ihe iru8tces of the charity on...................... and signed on lis behalf by..
DOGU51Onod by..
20BU&lkE4FAMFE.............
Sir Divid B¢ll
Tru4le¢
Pa&?e I I

Docusign Envelope ID. B6916886-97F8451F-83D44FEI EOBA2F05
Foundation for FutureLondon
Statement of Trustees, Responsibilities
The Iru%lce.s {Ivho &r¢ also Ilie dircciors ol FoundJlion lor FiiiiircLondon for the purpose.% ol compaiiy laiN') are
responsiblL for prep,qring ihe truqleLg' repori and the fin¢1ncial sialeinents in accordance ii'ith the Ui)iled
I&iigdoi?) Accolintiiig St&liid:Irds {Uniled Kiiigdoi)) Generally Accepted Accoiii)tiiTrg Prilclicc) and applicablc Idw
and regulalions.
Conipany laii, reqiiires Il)e Iruq¢ee.% io prLpare finaii¢i31 £111cnieiiiq for each finiiiciiil year. Under con)pJny Idlv
the IruslLCS nlust not approi'e Ilic fii)IL Iiciil stilleii)entS LinlLss Il)cy are Siltisficd Ilial they giN'e 11 IrLIC i1nd fiiir i'ieiv
of Ilic slate of alfiurs ol tl)c chariliiblc collip￿]Y lind of its inconiing resourccs aiid applicalion of rcsources,
inLliiding its inLotnc and cxpcndilurc. for (hat pcriud. In preparing ihe5e financial siatemen15, Ihe Iru%tees are
required 10-
sclect suiliible il ccoiinling policies ilnd IL pply Iliciii consislcnilyl
obqeri'c (lic n)cili()d% jiiid priiiciplc% in ilic Churilics SORP.,
Inake judgciiiciils lind csliiiiI1les IliJl £ire reJ5011iible lind prLI(Icnt'
slaic ivliLilicr ¢ippli¢abli UK AL¢ouiiiiiig SiJnd;Ird% liai'L b¢LI) follo￿,¢d, subjecl lo ai)y niaterial dcparturcs
disclogcd und cxpliiincd in ihc finilllcl411 sl;Il¢iiiLlli41 ¢iiid
prepare thc fii)1lncial slaien)cni% on ihc b>oing concern ba%is unless li is inappropri*llc lo prcsun)¢ Ihdl th¢
Iidritablc Lon)pany will coniiniic in bu%iness.
The Irii%lecs arc re4ponsible for kecpiiigF :Ide(ILI:Ile ilCLOLiiiliiigF rcLord.% 111411 circ 4LiffiLieiii 10 sli()Il' iiiicl expliiin IliL
cliiiriliiblc conipillly's and di%LI(i%c ii'iili rcil%OI)Kible acLLifilLy ill ill)y liii)e il)e fin6inLial p()%iiion ()[ Ihe
Lliiiriliiblc Coliipilliy diid cnablc tl)cn) lo ciisiirL iliiii ilie fiii£inLiiil %liiieillciil% Luiiiply iviili Ihe Conipiiiiie% ALI
2U06. TIICY lire iil%u re%p()i)%iblc Ii)T %alegiiiiirdiiig Ilic (If ¢l)C Lhiiriiablc Li>i))Ilillly 411)d IiciiLC for lakiiig
rcil%()niiblc %lCP% r()r Ilie prci'ciiii()11 iiiid dLicc¢iI)ii of friiiid aiid i)Il)cr Irrc&iul￿ItIc1 and io provid¢ in%iirJii¢¢ Iliat
Ihc cliiirily is opei'lilingi crrcLlii'cly and cfl Iciciiily-
il% 11sscls dr¢ %afcgiudrdcd dgaii)%t Lll)'ILiiliuri4cd Lise or diip()4iIiL)11:
prupcr rcL()rds iifL n141inliiincd lind ihal fiii4iiicial inlorni*ilion 114cd iviihin the ¢11￿1(Y or for exleniiil
PLibliLaiioii is reliable;
thc cl)iiri(y coiiiplies ivith relci'illli laiv5 and re&Tulalions; and
.1 sysleni of el'fcctii'c govcriiilllcc ]% 111 place.
TIIC 5yslcii)s of iiitcriiiil coiilrol% arc dLsigiicd io proi'ide reasonable, biii not ub%oliilc, assiiriillcc %igainst miilcridl
iiiissliilcnicnl or10s%. Tlicy inLILide'.
In aiiiiii'il budgct approi'ed by Ilie bo:wd.
rcgLII:Ir r()rccisls (i) predici ilic likely OLilcoii)e for tlic fini2nci.Il yC£lr'
dclcgiilioii of du(liority Io 11)I111agcTb for cxpcii(lilLlle ii'iil)ii) bLidbTel liniils;
scgFrcgiilion of duties; and
idcniifiLaiioii uiid nidnaLycnicnl of risk.
T]ic triisl¢es ar¢ responsible for ilie n)iiiileiiLince and iiitegrily ol Ihe corporille £211d fini111ciiil iiifoniiii (ion
inLliid¢d on ¢lic Ch.￿]1.1b]L C()IiipJny'% ii'eb%ile. Lcg7j%l'ilion iii Ilic Unilcd Kingdoni govcriiiiig ilic prcpiwatioti
dis%ei)lill<ilioii of finaiici<il 41alLmcnl$ 11)Lly difler froin legi4lalion in other jLirisdicliott5.
Statenient of disclosure to our auditors
In s(> far as ihc Trusiecs arc aivii rc al lh¢ lime of approiring) our Tnislee8' annii<21 report..
Thcrc is no rclci'anl infomdlion, b¢ing infom)alioi) iiceded by ihc aiidilor in coniicclion IN'](l) prepL￿l￿g Ilicir
report, ol ii.hich Ihe auditor is unaii'are, and
Thc Trusl¢¢s, hdirinkF made cnquiries of fell()ii' Trlislecs tl)al they Olight lo lial'e indii'idLially t11 ken, hdl'c each
Page 12

DO(￿51gn Envelope ID.. B6916686-97F8451F-83D4-8FE1 EOBA2FOS
Foundation for FutureLondon
iaLcn all sieps thai helshc is obliged iu Idkc TIu51cc in order lo nidke Ihemselves aware of tu)y rclei'uni audil
information and lo esiabli8h thai the audiior is aivare of ihat infomation.
20-12-2024
Approved by the truslees of the ch￿& Ity on .
-and signed on its belialf by=
Do¢uSlgnpd by..
"D2DBQgFE4FA1¢4FE:.:"
Sir David Bcll
Tntslee
igc 13

Docusign Envelops ID". B6916686-97F￿sl F-83D44FE1E08A2F05
Foundation for FutureLondon
Independent Auditor's Report to the Members of Foundation for FutureLondoi)
Opinion
Wc haiic audiicd Ihc financial sldiemcnts of Found21 lion for FutureLondon (thc 'charilable parent conipi1ny') nd
il.s .siibsidiari¢£ (the 'group ) for the year ended 31 March 2094, 11.hiLh comprisc ihe Consolidaied Siatetncn( of
Fin'iiicial Aclii'ilies, Con%oli(liiicd Balancc Sheci, Bdldnce Shccl, Consoliddled Sidtciiiciil of Casli Fioii'.%,
Staleinei)l of Ccish Floi¥'s dnd Not¢N 10 tl)c Finwicial Stal¢n)cni8, includiiig & %un)ii)ary of si&)nifieani IlCLOlllI(ing
pu1iLic5. The financicil rcporlii)g frlL nicii'orL that has been <ipplied in Iheir prepiralion is United Kingdom
AcLoiilliing ,Siand&wd%, comprising Ch.'Irilics SORP - FRS IU2 'Thc Fincinciill Rcportiiig Siii iidard appliLi blc in
Ihe UK and Repiiblic of Ircliind, and dpplicablc laiv (Ui)ilcd Kii)gdoin Geiicrally Acccpled Accoiinliiig Pi'acticc).
Thi5 fLporl is 1?iadc solcly lo tlic ch:Iril:Iblc parenl ¢oinp4llly'S Iriislces, as a body, in ¢iccordan¢c i¥'ith Cl)Jplcr 3
of Piirt 16 of Ihc Conipill)ies ALI 2006. Our ¢lLidit i¥'ork l)as bcen iind¢rlak¢n .50 Ihal ive niiglil slal¢ lo Ihe groiip's
Irusiees Ihc)%c n)aticr% I￿.C are rciiiiircd lo sl21 le lo Il)eiii iii JLiditor's rcporl 4iiid for i)0 oilicr purpose. To ilie
fullcst cxienl pcrniitteLI by IV, Ive do nol ilLccpI or d55unic Tcspuii%ibili(y lo ai)yonc oil)er Il)an Ilic Cli￿1111b]e
parcni Colllpillly lind ils tru%tces £1 body, for Our dudil ii'ork, for thi% rcporl, ur for the opini0115 11'e hill'e
formed.
In our upinion Ilic finanLiiil sl4ileii)enLs'.
?iVC <1 Iriic liiid f.iir iJici¥' ()f Ilic %iiilc of (he group's and Piircni cliariiy's iiffairs us al 31 Marcl) 21124 aiid of ihc
groLlP % fcsLili% lor ihe yc.lr tlicii elided.,
l)ai'c bL¢li properly prcpdred li) aLLordancc iviih Uiiiicd Kin¥dom Gcnerully Accep(cd Accoun¢ii)&i Prac(ice'
Iiai'e been prcpi1rcd in il¢cord41nL¢ willi Ili¢ rcquir¢ii)¢nls of Ihc Conip;Ini¢5 Act 2006.
Basls fi)r (Iplillun
Wc L()Iidu¢l¢d our dudil iii ii¢LordilllLC i¥'iih Ii)Icniiili()ndl Sidi)ddrd% i)ii Aiiclilii)g {UK) (ISA% (UK)) ill)d
6ippIiciiblc laii,. O(Ir rc%p()n%ibiliiiC% iindcr ihc>%c ¥liindcirds Iirc I'iinlicr (Ic%Lribcd iii (lic ALidilc>r's re%pc)n%ibililics
ror Ilic ilLidil of ilic fiiiilllcill141.ilcmeiil% scclion of Olir reporl. Ive lire indLpendcnl of ilie groiip in <iccorddl)ce
FRC'% EIliiLiil Siaiid&ird* £ll)d ii'c l)ill'e fuifillLd OLII. o(licr eiliiciil rc%poiisibililies iii accordaiiLe ii'iili Ihc%e
reciuircn)ci)Is. We bclici'c Ili<il ihe iiudil ei'ideiice ive hili'c obiciined IS 5Lifficieiit £iiiil appropri<ile to proi'idc a
basis for our opiiiioii.
Coiiclusioiis re1491iiiR lo goliig L'oiicerii
We 11i11'C nuiliiiig lo rcpoi'l iii rc%i)ecl uf tl)e folloM'ii)g tllli Ilers ii) relatioii lo w,hicli Ihe ISAS (UK) re(iuirc us to
report lo yoii ii'hcre..
thc Inistees use of the goingv conLcrn basis of accounling in the preparation of Ihc finan¢i:il slaicmcnls is not
.Ippropriale', or
Ihc ir(1sice% hill'c nul Ilisclciscd in Il)c finanlicil %liiicnicni% dny idcnlificd malcriiil iii)ierliiinlic% Ihiil niay Lasl
signific:11)I d()Iibi ibc)ul Ihc &Tf4)(IP'% ¢ibilil}' (o coniinuc Io %idopi ihc &TOili&Tr Lonicm b￿￿15 vf illLoiinling for a
period of at l¢<i%l li¥'cli'c nionihs from ih¢ ddic ii'l)en the findn¢ial sia¢¢nicnis *irc diiihorised for i%s11c.
()thcr inf(Irni<ilion
Tlie IrLlStLes :Ire re%poiisible for Ilie ()tlJ¢r iiiforii)'Itii)ii. Tlie other iiifortiialioii Loiiipriscs IhL iiifoni)ati()ii ii1Lludcd
in Ilie Linniial report, oih¢r Ihaii ihc finJn¢ial .%tdl¢incnlts and our Judili)r's rLPI)rl ihcrc()n. Oiir ()piiiion 01) Il)e
rinancial slJlenienls does noi coi'er Ihc oih¢r inlomiaiion and, ¢x¢cp¢ (() ¢hc c.xlenl oih¢rii'ise expliciily sl¢iicd in
our reporl. Ive do not express any forni of aSSLirance coiiclusion ihereon.
Page 14

Docusign Envelope ID". B6916686-97F8451F-83D4-8FE1 EOBA2F05
Foundation for FutureLondon
Independent Auditor's Report to the Members of Foundation for FutureLondon
In coiineclioii lili our audit of Ili¢ financial sldicmcnls, our rcgponsibiliiy is io read the o¢licr infori))iilion and,
in doing so, con%idcr ii,Iiciher ihc other infornidiion is n)alerially inconsisieni Iviih Ihc financial s(411enicnis or
our ki)owledge obtained in the liudit or otlier4vise &1p￿￿rS to be malerially i))isslclled. If ive ideiilify Slich niaterial
inconsisleiicies or appireiil malerial ii)iss1iten)eiils, Ive are required to dLterininc i¥,lietl)er tlierc is 11)iilerial
niissldlcniei)l in ihc finaiicial slaleiiienls or a nialerial n)isslalctnenl of Ilic oilicr inforiiilL lion. Ir. ba5cd on Èhc
'ork ii'c hdi'e pcrforn)ed. wc conLILide ihat il)ere is a malcriiil nii%sl4ltcn)ci)l of ihis other infornidlion. Ive
requircd io reporl thai fact.
Wc havc nothing lo report in ihis regard.
Oplnlnn on other m<?tters prcscrlbed b), the Comp4?nles Act 2n06
Iii oiir opiiiioii, b:1sed on Ilic iiork iiiidiri:Ikeii in Il)c c()ur%c ol tl)C :ILidil:
Ihe infornii11ion gii'en in the Trusiee.s' rcport Tru8lee8' Report for the finaiicial ycar for ii'hich ihc financial
51alemeiils ¢1re prcparcd is consislcnl ii'iih Ili¢ fii)iill¢ii11 sl411en)enls; and
Ihc Truslee%' repori Co-Cliair5' ReportTrusiees' Report has been prepared in aL'corddnLe wilh dppliciiblc Icgal
requiremcnls.
IWl4llers f)ii iihicli i%'c are rcquired lo report bv eiceplion
In (lic libilil of c)iir knoii,Ic(I&yc lind Lll)dLr4l¢iiidii)b of Ihe ￿￿rOup ai)d ihe pareiii chariiablc Lonipiiny and ils
cni'iroiimcnl obiaii)cd iii Ilie course of ihe dLidil. wc have Iiol idcnlified lli<ilcrial misslillcii)cnl.% li) the TrLlStecs'
rcporl
Wc li.ii.c noihii)g to report in re5pccI of the folloiving nialler5 w,hcre the Conipanies Act 2006 rcqLiires L15 to
report lo yoii if. iii our opii)ioii'.
Jdciiudic iicLoun¢in&v records have nol bccn kcpl by ihe parcnl L'hiirilJblc coinpiiny, or rcium% adc<iiiiiiC f()r
our lliidil liai'c nol bccn rc¢cii'cd Ironi brunches nol vi8il¢d by us; or
Ihc Plircnl ch￿l1￿bIe Colllpillly finiinciiil slcltcinciils i)ol in £igrcen)cnt il'itli Il)e accoiinting reLord% lind
rellirns; or
erl.iin disLlI)siirc8 of Iriislccs rcniiincr;Ilion %pccified by laii, arc nol m'idc: or
i'c hill'c nc)I reLcii'ed all ihc inforiiiali()l) Kinil expldniltion5 ive require for our dudii.
Rcsponsil)ililies of trustecs
As expliiiiicd niore fully in Clie Siaicmcnl of Tru%lec5' Rcspon8ibiliiics l%cl oui on Piigvc 121, Ihc iriislccs are
r¢.spi)nsible f()r Ilic pr¢p'ir:Ilion of Ihc I'indn¢idl sl'ilenicnls ind for bcingF sdli%ficd Il):Il Ihey gvji'e d Iriic fiiir
viei¥', Lind for .%llLh inl¢n);Il c()nlrol ihc Iru%lc¢s dclcrminc 1% ncce%S'￿Y tu en.lble th¢ preparalion of fin&incial
s(aleiiicnts IliJl Jre frLC froni ii)iilcriJl Inisslalciiienl. i%,heiher diie to fraud or crror.
In prepJringi ihc finJniiiil 4laicmcni%, Ihc Ini%lLc% urc re%pon%ible r()r a%%¢s%ing Ihc groiip'% and the parenl
ch:Iri('Ible ¢on)p;In J. S iibility l() Loniinuc 41% a &T()in&J conccm, disc1()sin￿,
'Is appliLJblc, InJiicr% r¢la(ed t() goiiig
coiicern and Ll%llILV Ilic goiiiL? coiicern basis of accouiitiiiL? Iiiiless ilie trlislees eitl)er inleiid io liiiuidate Ihc groiip
or the p￿en1 c11￿11.1blc Luii)pwiy or lo ¢eas¢ opcralions, or have no reali%tiC &ilieniatii'e but lo do so.
Aiidilor's rc5ponsibilitie5 for the nu(lit of the fin41nci<il sllltcnients
Oiir objcLIii'e% iirc lo obiiii) reasoiiible J%surdl)ce 'iboLIt i¥,lieiher ihc financiLI1 slLltcn)enls as a ivhole 12re free
froni n):Il¢rial n)i5slciiciiicnl, i¥,heih¢r di1¢ l() fraud ()r ¢rror, and to issu¢ an .ILidiior's r¢pt)ri ¢liai iiicludes our
opiiiioii. ReJ%oii'ible ¢L%SLiratiLe is a liigli lei'el ol as£iir:iiice, bul 1% not a guir<intce Iliat an iiidil condiiLted in
iccorddi)ce ii'iili ISA4 (UK) i%'ill lilivays detect a niiileriiil Inis4talcnicnl ii'hcii it cxisls. Mi%slil(cii)eiil4 Lilti iifi5e
froiii Irciiid or error lid are considered niaterial il, ii)dividually or in ihe Iiggregale. they could reasonably be
expeclcd to influence ihe econoii)ic decisions of users lakeii 011 Ilie basis of these fiiiancial 5taleineiits.
Pagc 15

Docusign Envelope ID. B6916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Independent Auditor's Report to the Members of Foundation for FutureLondon
Irrcsiularilies, inLludingF fraud, arc insianLes of non-LoinplianLc ii'itli laii's and Te&yulations. Ive dc5ign pruLedurcs
in line ii'iih our responsibilities, ouilined aboi'c, to dcieLt maierial missiatcmcnls in respeLi of itte&Yuliiiilie%,
including fraLid. The ¢xlenl lo i¥,hich our procedures are cap11 ble of deleciing irregulariiies, incliiding fr41ud is
detailed beloiv..
Wc cn5urcd ihai iliL cngd&ien)Lni tLam collcLliN'L'ly ha(5 (he dpprupriatc Lon)pLienLe, Ldpabililic% and skills 10
idenlify or recognise noii-coniplii111ce ii'itli applic%1ble IillV.% and regiilalions. The laii's 42nd regiilalioiis
applicable lo Ihc cli<Wiiy Ihroligh dis¢iissions ￿lIh trustees and oihcr mai)Igeineni, aiid from oiir coiniiiercial
ioiNledgc and e.Kpcrieiicc of Ilic cliarilics. sector. Of ilicse laivs and regulations ive fociiscd on Il)ose ihiil li'e
Lonsidercd miiy hJi'c cl dircLI Inaleriiil elfecl on Ihc fiiianciil ¥l'ilcinei)t% or ilic opcrdlion% of ilie Llidrityi
inclliding ihc Ch.irities Comniissioii St<ileii)eiil of Recoii)ii)cnded Prliclicc (SORP). tlic Coii)p'iiiies Act 2006,
la.xatioi) Icgi%liili()11 dnd cniploynieni luii,. We also considered GDPR and anii-money liiunderin&i leb)islaiion
Ilirou&?hout tl)L audil.
We i?ssc4sed ihc sii%ccpiibili(>' of il)c cliarily's financial slalcmenls lo material mislalement, including
ob141il)ing th) undcr%¢andin&) of lioii, fr*iud Inighi OCLiir by..
fvl:Iking ¢i)Iiuiri¢% ()f iii:In:ILIciiicii¢ ¢1% lo iilicrc Ilicy considcred Ilicrc ivas siisceplibilily to fraud, Ili¢ir
knoi%,Icdgc ol aLliiil, SIISPCLlcd ill)d £illeged Ir<lUd.,
Coii4ideriiigF ihc inleni£il contruls in place tu niiligale risks of fraLid non-coniplil1nLe with laws and
To il(IdrL%% Il)e risk or rrciiid Il)r(Iiibyli iiiaiiabYLii)ciil bill% dnd oi'crridL ()r cc)iilr()l%, illl
• PLrf()rn)cd iiniilyiiciil proce(liircs 1() identify ilny UllLI%Uiil or LincxpeLicd Iclilli()i)%liip% or balance8;
• Te%ied jOLifi)£il ciilric% (u idci)lify UllU%Lliil iran%ilLIiui)s',
A%%e%.%eil ii.l)cihcr jiiclgTeii)ci)l.% and ii%%iiiiipliuns milde in deiermining the accoLiniing e%liin4ilC.% of ilie
conip4llly Ii'crc iiidic%ilii'c (If polcnliJl biJ%i 11nd
Ini'c%lig.Iled ihc r4ltion.ile beliiiid %ig)i)ificiint or Lillusuli l tr￿1511CliOnS
In re%ponsc lo Ihc risk of irrcg7ulJrilic¥ lind non-conipli(uic¢ iviill Iuivs lind rc¥iilalions, Ivc d¢sig?iicd
proL¢diircs i%,1)iLh ii)¢ludcd, biii i¥'cr¢ nvl limiicd io..
Agreciiig fiiiiiiicial st<ilciiiciii disclu4Liies to uiidLrlyiiig SLipporliiig docLllI)eiili1tioi);
Rci'icii'ii)gF ji)leriiii bo:Ird Iiiiii11(c%, 11 iid Ilic coinpaiiy s legFIl1 Iidi'i%ors:
Obiain un iii)dcrbliindii)g of inl¢rn¢il Lvnlrol r¢l¢i'unl lo Ihc iiiidii in order lo d¢sign uiidil pro¢cdiir¢s IliaL ¢ir
upprc)priJlc iii ihc ciriiiin%lanLcs, bul noi for Ihc purposc of cxprcssii)g an opiiiion un Ihc cflcllivcncss ol the
group s inlcrnJl conlr()l.
Ei'JluillC II)C iipprc)priiilci)es% c)f iiLcoiiniing policics uscd and ihc rca%ondblencss of uLcoiinling csiin)%ilcs and
rLldlcd disLlu%iii-c% niadc by (hc ir(1siecs.
ConLILidc on Il)c approprialenc55 of the IrL151ccs use of the going concem basis of accoLinling Kind, bd%cd on
Ihc aiidil ci'i(Iciicc obtaiiicd, ii.hcilicr a maiciial uncefliiinty CXi515 rcliiicd (o ci'cn¢s or cundiliuns ihdi niJy
Last 5ignifiLani doiibt c)1) Ihc groiip's or ilic PillC511 11)ariiable conipill)y'b ability io LolliiiiLIC 115 a going
ionLcrn. 11 li'e Lc)nLILide (liilt il niaieri&il iinLcflaii)iy cAis15, ii'c arc rcqiiircd io drai¥. ciiieniion ii) oiir iiudiior's
r¢pi)rt lo ihc rclJlcd di%Llo%urcs in ihe fin4illci1i1 slaienicnls or, if SULh di%clo%urc% are in¢idc(iuJie, lo miidify
our upinioi). Our coi)LIu5i011s Jrc biiscd oil Ihc aiidil ci'id¢nLe obiain¢d lip lo the dal¢ of oiir aiidiior, 8 repon.
HoK4'ei'¢r. fLiiiirc ei'eiii% or condilioi)s 111.ly LtiUSL ilic k?roup or tl)e pdreiil Cli￿1t￿bIL Ll)Iiip:Iiiy lo cease lo
conliniie as a going coiiccrn.
Eiiad liiaie Ihe oi'crall prc%¢ntalion. %lrLILiure .2nd Lonlenl of (he financi11 £talen)cnt%, including the disLlo%iires,
'Ind ii,IILilicr Ilic finJii¢ial s¢aiemenls reprcscnl Ihc undcrlying tr￿SactIonS und ci'cnis in a manncr ih&l
achicK'.c% lair presenia(ic)n.
Page 16

Docusign Envelope ID.. B6916686-97F8451F-83D4-8FE1 EOBA2F05
Foundation for FutureLondon
Independent Auditor's Report to the Members of Foundation for FutureLondon
Obiain suffiLiciil approprialc £iudil ei'idci)cc regarding the fiiiiinci<i1 informJlion of ilie eiilitics or busiiicss
dLtii'ities 1¥'iihin ihe groiip lo express an opii)ion on ihc fininciLI1 slatcn)eiits. We &irc responsible for ilic
dircclion, supcri'i8ion and pcrformdnce of thc group dudil. Wc rcmllin solely rcsponsiblc for our 4iudit
opinion.
We Loii)tnLiniLdlc iliih tho%e Lhiirged ii'i(Ii goi'cri)iince rcgLirding, aniong oilier tnatter4, Ihe pliiiincd scope <U)d
iiniin&? of Ilie audit and siginilicilllt dudit IindingTS, including any significani dcficienLies ii) ii)Icrnal LOI)trol Ihal
Ivc identify durin&1 our audil.
Ther¢ arc inhcrcnl limiiations in oiir ¢iudil proccdures described ab()ve. The morc remoi'ed that liiW8 and
regul&ilions are froin financi411 iransaciionq, the le.ss likcly il is ihiii ive i¥'ould beLoii)c aw'are ol non-con)plianLe.
AudiliiigT Stand￿￿5 iilso liiiiit ilie iiiidil procedurcs rcqLiired to idei)lify i)oii-conipli1£ lice ii'iili lillvs nd regLII'Itioi)s
to CllqLiiry of (he IrLi%less and oilicr niLl1)Jgeniciil dnd ihe inspeclioi) ol reguliilory and leglL I correspondence
i¥'herL' present. MalL'riiil nii%slcilcniciil% iliilt iiri%c diic lu fraud Liin bc hlirdcr lu clcleLt th￿ Ilio%c Ihilt ciri4c froni
error as ihey may involvc dcliberale Lollce1i Inient or collusioii.
A furihcr dcsLripiion of our rcsponsibililie% for ihc uudii of ihc financial %laien)ents is locaied on (he Fiii4inLial
R¢poriing Council'8 ii'cbsile I Ivi¥'iv.frc.org.vklaudi(orsrc8ponsibililie8. This descripiion fom8 pan of our
udilor's report.
A% part of i1n audil iii dcLord￿li¢C i¥'iih ISAI (UKI, i¥'c Cxcrcisc profcssioi)al jiidgcincnl ilnd niJinl£lill
profc%%ii)IiJl SLePtILitsin Iliri)Iigvlii)Lil Ilic 'iLidil. We <1140.. Coiiiiiiunicdle iilljil) Ilios¢ Lli:Irg?¢d ii'iili goi'eniaiice
inLluding iiny %ignifiLilllt dcfiLieiicie% in inlcri)iil Loiilrol ihal ii'c idcnlify dLiriiig OLir audit.
Thi¥ rcporl ig n)iiile solely ic) Il)e cliiiriliible con)paiiy'% Iru81ecSb 41 bo(ly, in accor(liiiice wilh Chi£ pter 3 of Pari
16 of (he Coiiipjnies Aci 21XI(I. OLif ciudil ii'oTk lia% bcci) 111)dcrliiken 50 (liat ii'c 11)ighi Stale lo Ilie Lh&U'iIy's
IriiNILc% ilio%L I))Il¢lLf.s ii'c iirc reiiuircd io blillc li) Il)eii) in illl aLI(lilor's I'cport aiid for no oilicr PLirposc. Tu IhL
conip1ny 'ind il% (riislccs d4 a body, for our 4iiidii ii'ork, for iliis rcpori, or for Ihc opii)ioi)% iiec h11 I'c fornicd.
Ad'iiii H.
.kic FCA C
Arr Isciiior Stdliitorj, ALidili)r)
For diid 01) belialfof Lv¢r'if¢ Hi)dg?soii & D41I¥'¢% LLP, SiJlulory Auditor
Groiiiid Floor
19 Neiv Ruad
Brigliluii
East Subscx
BNI IUF
Page 17

Docusign Envelope ID.. B6916686-97F8-451F-83D4-8FE1E08A2F05
Foundation for FutureLondon
Consolidated Statement of fi inancial Activities for the Year Ended 31 imarch 2024
ncluding Consolidated Income and Expenditure Account and Statement of Total
Recognised Gains and Losses}
Unrestricted
runds
R¢stricted
ruiids
Total
2024
Total
2U23
Nole
liiconie And Eiidois'nienls from:
Donillion8 and leuTa4 cie%
Other Iradiiig £iLlii'itie%
Invcsin)eni income
31,993
208,333
2,261,469
2,293,462
208,333
2,619,309
208,3.33
Total Income
2()2 761
2 261469
2 4118
Expcndilure on:
Charitable 41elii'ilie%
Raising fiind.
Cosis of ir41ding dciii'ilies
120(),101)
{22(),461)
121,273)
(2,145,0.30)
12,354,131)
{229,461)
121,2731
13,1186,6115)
{234.284)
I l (),()34}
Total Expcnditur¢
411
Ncl (¢X￿[1dllurC)1jIjCoinc
167 1174
116439
511635
49() 1()5
Ncl moi'cniciil in funds
{1()7,1174)
116,439
(511,635)
{496,195)
Rccoiiclliailon of fun(Is
Tuliil fLlI)cls broLlgTI)I forivard
14187()5
13()4 U211
I ￿(￿1216
Toliil fLlI)ds ried fon¥'.
19
All ()r ih¢ gyrviip % uclii'ilies dcrii'c Irom coi)linuing opcrdli(>ns diirinb) Ihc aboi'c lil'o pcriod4.
The funds brL4ikdoivn for 2023 is 5hoivn in iiole l().
Page 18

Docusign Envelope ID.. 86916686_97F8451 F.83D4-8FE1 EOBA2F05
Foundation for FutureLondon
(Registration number: 9483822)
Consolidated Balance Sheet as at 31 March 2024
2024
20
Notc
Current a55els
DLbiors
ca.sh t bank and in h￿d
16
15
660,815
1916662
878,955
927
07
2,577.477
2,81K),462
Cre(lilors: Amounts flilllng due iilthln one yeAr
17
264 1192
1442 4411
Ncl ts&sets
Fuiids of the Lyrnup:
Rcstricled funds
61,()64
{54,775)
Uiirestricted inconie tunds
Ui)reslriLied liind%
1251721
1418 7()7
'I'olAI funds
19
T])e fi1141llLiJI sl&ilciiienl5 on pagycs 18 to 43 iverei lpproi'ed by (lie inisiees, and auihoriscd f()r i5411c on
20-12-2024
¢ind.¥igiiied (Iii Ihcir bcli<iif by..
Docu8llln•d by..
02UB8?PEIFMA*IE.::"
Sir Dai'id Bell
TrLi4Icc
PagFC 19

Docusign Envelope ID.. B6g16686_97F￿51F_8304.8FEl EOBA2F05
Foundation for FutureLondon
{Registration number: 9483822)
Balance Sheet as at 31 March 2024
2024
2023
Notc
Fixed ll55e15
Ini'csln)enls
Curren¢ assets
Debtors
Casli ai bank and in liiind
16
15
666,340
11)14836
884,256
)?7 507
2.581.176
2,811,763
Crcdilors: Amouii15 fAlling due ii'ilhin one yoar
17
1267 792
Ncl currcnl a￿¢15
1313 384
1364019
Ncl ￿￿etS
Funds of tlic charily:
Restricted fuiids
61,664
(54,775)
Unrcstricleil inconic funils
Unrc%lriLlcd lui)d
1,251.721
1,418,7(J5
Total funds
19
Thc fin'in¢iJl s111cii)enls on Pilgcs 18 to 43 ivcrc approvcd by ilie tnis(ees, and ciuII)orised for i%%ue on
20-12-2024
und %igFIlLd oil iIILir belidif by..
Do¢JS1onod by,.
gif QAV4
4ts
TrLi%lce
Page 20

Docusign Envelope ID.. B6916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Consolidated Statement of Cash Floivs for the Year Ended 31 March 2024
2024
2023
Note
Cush floiis from operating llctii'ilies
Ncl C£1sh Iloivs from operating activiiies
21
(63.2801
(469,221)
Cnsli floivs from ijivesting actii'ities
Iiil¢resl receivabl¢ and 8imil4qr income
Nct decrea5c in cash cash CqLliI'alcnls
(IU,845)
(452,455}
Cash dnd C£15h eiiiiii'iilcnls dt l April
927 5U7
2 379 962
Cttsh and cash ciiuii',11cii15 at 31 ch
All uf ihc Ciish noiv.4 arc dcrived Froni continliing operdlions diiriiig th¢ aboi'c livo r￿rI(xi$.
Page 21

Docusign Envelope ID.. B6916686-97F8451F.83D4-8FE1EOBA2FOS
Foundation for FutureLondon
Statement of Cash FloN's for the Year Ended 31 March 2024
2024
2023
Note
Cash floii's from operating actii'ities
Net cash flows froni operilting 11 clii'ilies
21
(65.106)
1469,221)
C0511 fl011'5 from ini'esting actii'itieS
Inl¢rest receii'lible and Similar income
ShoTI-lerm ini'e%lmcn(s
52,435
16,766
Ncl cash flO￿'S frum iiii'esting liclii'ilics
52.435
16.766
N¢1 dccrcasc in cash 41nd cash ciiiiii'alcnls
(12.671)
(452,455)
Cash and cagh e(IUiViilcnl% ai l April
Cash Jnd Cilsh ciiuivalenl% 41131 Ma￿h
1927 507
2 379 ()6
All of Ilic Ciisll tIoi¥'% dcTivccI fiDii) Loiiliiiuing opcralioiis durii)g the 4iboi'e t￿,0 tKriods.
Page 22

Docusign Envelope ID. B6916686-97F8451F-83D4-8FE1 EOBA2F05
Foundation for FuthreLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charity status
The cliiirity is a charity liniitcd by giiaraiilcc and coi)scqiiciiily doc% n()I Iiai'c sh￿C capital. Each of thc iriislees
is liable io coniribu(c an aniouni noi cxcceding £1 ioivards the a8set% of ihc charity in ihe ci'eni of li4uiddiion.
2 Accounting tM)Iicics
Suniniory of sl&Fnifictsnt theeounting policies key llccounting cstiniatQ5
Tlie principal accoLlI)ling poli¢i¢s iipplicd li) Ilic prcparaiioi) of ihc%c fin#ii¢ial si?1 icn)enls are sei out bcloiv.
Tlics¢ poli¢ie% liai'¢ b¢¢n consisiciiily applicd lo all Ihc ycar.s prescnled, Iinless oihcrivi8e sialed.
Staleniciit of conipllance
ThL fiii;IJlLliil .%liiicnicnl% hai'c been prcpared in accordance iviih AccoLiniing and Reporting by Charitic%'.
Siillciiicnl of Rccoinniend¢d Pri¢li¢¢ applicablc lo cli%iriii¢s prep￿Illg Ilicir d¢ioiinls in accordance iviih th¢
FiiiaiiLiiil Rcportii)g si.li1d￿d iipplic41ble li) Ilie UK dnd RLpiiblic i)f IrLliiiid IFRS 102) (LffLLllI'C l JilllU%lry
2015) - (Cliarilics SORP IFRS 111211, Ihc Fiii:IiiLial Repoi'liii&i Siandard &ippli¢ablc li) Ilic UK lind RcpubliL of
lrel.iiid {FRS 11121 I1nd the Coii)paiii¢s A¢1 20116.
Ilnsls of prepAriiilrJii
Foiiiid'ilioi) for FLiliircLoiidoii i))ccl% Ilie Ilcfiiiili()11 of d PLibliL b¢i)cfil eiility uiider FRS 102. Asscls Lind
accoLinling p(Ilicy i)otc%.
Fuliirelui)Ilon Eiilcrpriscs Liii)ilLd IFLE), Laii)pJny iiiinibcr 11()8117CinC) ]% .1 prii.'dlc liniilcd conip:iii)' liiiiilcd by
sh11 rc Ciipiliil illLorpor1i lcd iii Eiigland lind Wdlcs. Tl)C LOIIIP'UiJ S rcgislercd ofi'icc 15 11 1 14 East Bay Lanc, Qliccn
EIiz&ibcili Piirk, Londoii, E2113BS.
asis of consnlidalion
The L(In%(Ili(liilccl fii)illlLiiil .%lil(eii)eiil% coi)%olidaie (he finiincial 4lalcii)enl.% of tlie Lliarily ai)d ils subsidiary
undcrliikings Ilrclll'li lip (0 .3 l M11 rcli 21124.
Nu %lalLiiieni or rin4111Liiil iiLlii'ilies 1% prc4cii(cd for Ihc chill'iiy pcrii)illcd by %CLlion 408 of il)e Coii)Pdnics
ALI ?OU6. The Slibsidiiify lliiidc il PIDlIl ficr (ax for ihc fin￿]cIal yC4ir ol. Lnil.120?3.. £.7,403)

Docvsign Envelope ID. B6916686-97F8451F-83D4-8FE1EOBA2FOS
Foundation for FutureLondon
Notes to the Financial Statenients for the Year Ended 31 March 2024
A subsidiary is an cntily contiulled by ihe charity. Conlr()l ig achieiied ii'here the cl)arily lias the poiN'er to govem
the finanLial and upcrating polilics of an cntil)i $0 as io obtain benefits Ironi its 1clii'ilies.
The re%iil(s of .subsidiarie£ acquired or disposed ol diiring the yedr included in the sl<ilcmcnl Lif finiincidl
acliviiies froin thc effectii'e dic te of acqiiisilion or LIP lo thc effcclii'e di1lc ol disposal* appropriate. Where
necessary. iidjuslnici)15 llre 11)iide lo Il)e finw)Cili15talemenls of subsidiarics lo bring ilicir accoiiiiting policies into
line ivith those Lis¢d by the groLIP.
The purLhase meihod of accounting 18 uscd lo account lor business combin41tions ihat result in the acqiiisilion of
8iibsidicifiL% by ihL groiip. Tl)¢ co%1 of a bu%iiie¥s coiiibii)'Ilion is ii)CLlsiired ils Ilie fiiif i'I11iie of Ihc a%5cls gii'cn,
cqiii¢y in%iriinicnls i8.siicd und Iiiibililics inciirred or ¢iSSLinicd cil Il)e diltc of excliange. plus Los15 directly
illribiil.lble lo Ilic business Lonibiiiiilion. Idcntifi:Ible dsscI% iicciuired liabililies and Loniingicni lidbiliiies
as4Liiii¢d it) J busii)cs4 conibii):Ilioi) are nie&lSLired iiiili<illy t Ilicir fair i'alLIC% i1t ihc dLqLiisi¢ion dale. Ai)y exee$8
ol Ili¢ Li)%1 ()f Ilic biisincss coiiibiiicilion oi'er ilie dL(iiiircr's iiilcrcsl in ihc nct l'air valuc of tlic ideiitifiable a%seis,
lidbililies aiid coiilii)gcnl Iiiiliililics rcLogTnised ]% rcLordcd ils gT()udii'ill.
Inlcr-conipany iran%ilLiioll4, b411&illcc8 and unrc4l1iscd gains on Ir41lls¢l¢1i011s bctivcen tlic charily and il&
Inlrd-gFri)LlP los%c% lir¢ :Il%o eliiiiinliled bLII may iiidicalc ai) imp4iirtneni ihdi require8 reeogiiiiion in ihc
A¢coiinling pnli£ics o14Lib%iili:Iric4 1i:ii'e bccn cliangyed ivlicrL' i)ece%%iiry lu en4iire Loii%islLnL)' i¥'iih Il)c pi)licies
Idoplcd by Ilic gFroup. Noi1-LOI)Irullingi jiitcrcsl.s in Ilie nci cl5%Cls of Loi)%()licliiied %iib%idi¢ific4 lire i(l¥iililieil
scp:Ircilcl}' froiii ilic groiip'% c(iuiiy Il)erein. Non-coiiirulliiibT jiilcrc%ls L£)i)%i%l of Ili¢ ill))i)unl of Ili()sc iiilcrc%14 I
sii)Le Ihc diiie of ilic Lonibiniili(s11. Tc>icil ic)niprcl)ci)%ii'c ii)Li)nic is al¢l'ibiilLd lo i)oii-¢oi)Irollii)g7 iiilerLsls ci'eii ir
Cioing concern
ic IrLi%lcc% consider ihcll (l)erc iirc no mciicrial IinLeridinlics about Ihc &>roiip s Jbilily lo coiilinuc (IS 41 goii)
concerii nor £111y sigiiifican(1& reas of Lincerti1inty (l)li l iiffeci il)C Ciirryin&i i¥*alii¢ ()f i?sscls hcld by Il)e groLIP.
Ju(Ikyi'nieiits
Fo(Indaiioii lor FLiiurcLui)cloii lias iiiJdL Il)¢ folloi4.ing kcy jiidg)cii)cnl% dnd esliiiiiile.% ii) prcpill'iiig Ilicse
LLOLilll%. Dunil(cd scriiiLes in kind h c beeii rcL()g?iii%ed iii Il)e aLLouiil% bd.%cd Dn illl diiiouill C£11cLiliilccl by Ilic
proi'ider. This ]% duc lo (lie dirriciil(y in fiiiilii)g coinp1i rablc Lost.% iliiii ihc charity li'ould Pily in Ihc ()pcn I)I￿rKe1.
Support costs hll I'c bccn <illi)CiL tcd io Chi￿11￿b]e and fLiiidrai5ing (iclii'ily biiscd on ihc pcrLcniiig¢ of lol-ll stJff
co%ls cxpci)dcd on charilablc iiiid ILindrcli5ili& expendiliiic. Fc)r 2112.3124, 2111/r 121)22123.. 2{IC/n) ()r ii)direLt Lusls
were &illoc<iled io fiiiidrillsi1)g 11 clii'ily, 27C/¢ (2U22123.. 26C/o) Iilluialcd to kTOI'cm%ince 41nd Slipporl costs, splil
evciily bclii'ccn cliiirilable dc¢ii'ilies and fLindrdising cobls dnd 53Uk12022123'. 54CAI lo charillible IL Ctii'ily.
Income iqnd en(loii'menls
All iiiLoii)e is rcLogiii%cd once ihc Lh￿](Y has ei)li(leincni ii) thc iiiLoin¢, il is probable Ihtii Ihe incoiiie i¥'ill be
reccii'ed ihe amoun( of the iniome rcceii'Jblc can bc n)C(t%iired reliably.
Tuinoi'cr for (hc bub5idiary is £lioii'n nel of sale￿Il￿alLIe added lax, retLin)s. rebiL tes and discounts.
Pagc 24

Docusign Envelope ID.. 86918686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
Doiialioiis aiid legacies
Donations are recognised w,l)ci) Ihc charity has been iiolified in iiriling of boih the aniuunt and seiilctncnt dale.
In ihe ei'enl (hal d dondticin is 4Libject lo Lun(lilions ihat rcquire a Ici'cl uf perfurnidnce by ihc Lhaiiiy bcforc (lie
chiirily is enliilcd io Ihc funds, the inconic 1% dcfcrrcd and not rccogiiiscd Lintil cithcr (hose condilion4 are lully
mcl, or the luifiln)en( ol tho.sc Londilions 18 ivholly ii'ithin Ihe conir()l of the charity and il ig prob.Ible Ilittl these
condiiions ivill be fuifillcd in Ihe reporting pcriod.
Legacy gills are re¢ognis¢d on a case by case basis folloiiing ihe granl of problLlc when the
adtnii)islralor/cxecutor for (lie eslale has comniuniciltcd in ivriliiig botl) Il)c aiiioLinl ill)d seiileiiiei)I d<ilc. li) the
ei'eiii ihdl (lie &?ift 14 iii ihe furni of an assel oiher ihdi) Lash or J finaiiLiJl as%Ct Iradcd un il reLusTIIi%L(l %luLk
exLhcingTe, reLo&yi)jliun IS SLibjcLI lo the i'alue of (he gifi bcing rcliiibly nicd%uriible iviih d debyrec of Ica%oi)dble
accuracy and ilie title io Ihe assci having been transferred lo Ihe charily.
Foundaiion for FutLireLondon receive in kind ICT, HR, and fiicililic% services froin London LcgTraicy
Developiiicnl Corporiilion {LLDC). On rcc¢ipt ilie don:Iled serilliccs lind f<icililies arc rcLogniscd ils inLott)e un
the b.i%is of Ilic esliiii.lled iJilLie pri)i'idcd by tl)e donor. A corrc%poiiding iiiiiouiil is rcLogni%ed as cxpeiidiliire in
ilie period of rcLeipl. li is difiiLiIII lu c%liii)'Itc i¥,l)eilier tl)e iilliuLiiII% con)pJriiblc ￿,1¢17 ii,lial ihe cliarily ii'OLild
pa}, ii) tlie opeii n7￿ke1 lind Ihercforc Il)e cstiniJled value prDI'ided by LLDC is included ai ihe aniOLini
calLulilted by Ilic proi'ider.
Graiils receil'able
Grill11% are rcLC)gyi)i¥cd ivlicii Ilie groiip IiJ% <11) cntiilciiicnl tu Ilie fLind% dnd iiny coi)dilioii% liiiked io ihc gTraiils
l)ill'e becii iiicl. Ivlicrc pcrfi)nii:illLC coiidilioi)% allJLlicd lo Ilic g?r<inl Jiid lire ycl lo bc nicl, ilic ii)Lomc 1%
Deferred iiicoipie
InLOlI)c fcLCiI'ed iii advance is defcrred ui)lil Ilie Lrileria for inconie reLogi)ilioii Kire met.
Doiiu¢ed,seriiice,s aiidfacili¢ie.w
Wlierc seri'ices or l<lLilities <ire providLd io ihe cliarily a.s a doiiiilion tl)1I t IlOLild iioriiiiilly bc PLirclii& 4ed froiii OLir
reiiliiibly nieil%LITcd, Ilieii ill ilic Lu%l lo Il)c cloiic)r ur Ihe resiilc i'iiliie ol gTO()d% il)iil lire ic) bc sold.
liilere.wl receiipahle
IiilerL%I 011 tlic fLllid% IILld (111 dcposil 1% iiicluded is'licii reLcii'ablL <iiid dlllOLiiII Clin bc niclisurcd relidbly by Il)e
Lliiirily: Illi4 1% nc)Tniiilly upoi) nolificdlion of ilic iiilcrc%l Piiid or Pilyiiblc by Ilic billlk.
Expenditiire
All expendiliirc is recogi)i%ed oiice iliere is 1L Icg1c l or conslrlicliic obligLltioii to thcit cxpciicliliirc, ]( is prcibiible
sciilcmciil 15 fcqLiired and ilic £1tiiouiit cai) bc tnca%urcd rcliiibly. Expcndilure ib classificd un(ler Ihc I'olloii'ing
aclii'ity Iieii diiigs..
Cvs15 ul raising fiinds Lon)pri%c Ihc Lusls ol ILindrai%inb lind Ilicir rcldicd SLippor¢ and goi'cm;In¢¢ Lost.
Elpcndiliirc on cliiiriliiblc ciclii'ilics incliidcs Ihc LC)Sl¥ of iuliiiriil iilld cduLalion%il pr(Igyrill))m¢% and oihcr
aclii'ilies iin(Icili1keii lo ILirihcr Ilic purposcs of ilic iliarit}' di)(1 Il)cir rcliilc(I siipport Ji)d &TOI'¢rn-Ini¢ ci)st8.
• Oiher oiic-off ¢os1s dirccily rclaic io ihc cs¢ablishni¢n¢ of ih¢ orgJi)i%aiion in i1¥ initial period aiid do iioi fall
into ciiher of Ihc iiboi'c hcil(linbTS or gTOI'erniinie cosis.
Goi'erii.Ince costs conipri%e of Trustees expeiises, legal and accolintancylic udit service cost5.
AII c051s directly ilttriblltiible to chill'iliible IL Ctivilies lind LOSI ur rui)di'&iisiiig arc alloLd(cd diicctly. Suppoti cusls
arc apporiioncd according lo Ihc pcrcciilagc ol stall. ios(5 lor cach aLlii'itJ'.
Pagc 25

Doousign Envelope ID.. B6916686-97F8451 F-83D44FE1EO8A2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
Support cosls
Support L05ts include functions thal a55iSt the work of the charity but do not direcily relate lo either charitablc or
fundraising actii'ities. Suppori c0515 include ofl'iLe c05ls. finance, HR, payroll, Icr oihcr c05ls ii'hiLh
supporl (he cliaritie8 aeiii'ilies. Support cosis hai'e been dllocated ba5cd on thc pcrccnlagc of stuff Costs incurred
for cliirii4ible 411)d fundraising aciii'ilies.
Taxailon
Thc Charily is con%idcrcd io pa%5 ihL' IC%ts Sct out in Pard&Trraph I SLliediile 6 of ihc FinanLc ALt 21110 and
Ihercfore il tncet% ihe dcfinilion ol il charildblc ¢on)pJny for UK c()rp()r%ili()n 141X purposc%. Accordiiigly, tlie
ch:Irily is polenliall}' excnipt froiii 1IX¢iiion in r¢£p¢il of incon)e or c1pilq¢ I gains rcceii'ed I￿111)111 c:IleL)orics
Lovcred by Chiiplcr 3 P4irt I l of ihc Corpor21 tioii Tilx Act 2010 or Scclioi) 256 of Ilic T&lX<ltion of C]i￿ge1£ ble
Guin5 Aci 1992, 10 the exlcnt that SLILh inconie or guins arc applicd cxLlusivcly lo cli￿11￿b]e purposes.
The siibgidiary, Fuiureli)nilon Ei)ierprises (FLE} 1% a prii'atc con)pany lin)iicd by sh￿c8 and is subjeci io
corpordiion lax in aLcordunce iviih (he Corporalion Tax ALt 2010.
T4ngible fixcd n55c15
Fuiiiidiltii)i) fur FILILireLoiidon ai)d FLiiureli)ndoi) Enierprises Lin)ited hthve no ia]igible fixed Ssets..
lJusine55 con1bin￿lI￿nS
Bu%iiics% ci)nibiiiJlioii% aLL()Iiiiled fi)r Liiidcr ilie piircliilsc 11)eihod. Wlicre Iic¢¢%s:Iry, ddjLisliiiciil% £ire ni<idc Ii)
groLlP. All iiilril-giioup Ird1l4acliuii%, bdl:1ilCC%, iIICOII)C iuid cxpciise% are cliiiiiiialcd 011 Lon4()lidiilioi). In
aLLordill)cc ii'iih Seclioii 35 ()r FRS 1112, ScLlion 19 of FRS 1112 lids Iiul bceii applicd in Ihe%e financial
Slaieii)ci)l% in respcL't of business Loinbiniilions erreclcd prior lo tl)e dale of Iraiisilion.
Fixed llfjsel invo51mciits
Fixed 11 55cI ini'cslmciils, oilier Illi211 progr￿111}e related iiii'eslmci)Is, arc iiicliided al illdrket I'£11iic al the balance
shcei diltc. Rciili%cd jljli4 and l(14%c% uii invc%lii)ciil% arc LiilLLildlLd ilie diifciciicL betll'ccl) S<iles piucecd% Iiiid
il)cir miirkLI I'iiliic at Il)e %liirl of Ilic }'ecir, ur Il)cii %ubscciLlCI)( Losl, ai)d arc cliargcd or crcdilcd (o Ilic Sidieii)ci)I
ol Fii)41niiiil Aclii'ilics iii Ihc pcriocl of diSPOS1I1.
Unrc:Iliscd gdin% and Iossc4 reprcsciil ihc moi'Lmcnl in m'irkcl i'Jliic£ diirin& Ihc year and ar¢ crcdil¢d or
¢h:IrL7cd li) the Si'ilenicnl ()[ Finill)c i'll A¢lil'l(ic% bJ%ed (Iii ihl nitsrkcl I'iilul d( Il)C yciir cnd.
TrAde Ilebtor5
Trade and oilier dLbtors ire rccogniscd ill ilic settlci))enl iiiiouni dlle after any trade di%count orrered.
Prepaynicnlb arc i'alucd ai ihc aniount prcpaid nci ol dny irdde diSLouiIIs duc.
Cksli and cll5h cquivalents
Ca%h aiid ca%1) Cqllll"¢ilcnis conipribc ca.%h in l)dnd, includ¢ hi&Jl)ly liquid ini'cslnicnls iilljth u %horl malurily OF
tlirec m()nihs or less Irom ihe date ol dcqiii£i(ionor opening of Ihc dcpo%il or d %iniil¢if dccounl.
Short-tcrm ini'c5tments
Sliori-lerni ini'esimenis includ¢ inslrum¢nis i¥'iih a malurily of six lo liveli'e months from ihe dale of acquisition
or opcning of the dcp05il or a 5iniilar accoLlnl.
Page 26

Docusign Envelope ID. B6916686-97F8451 F-83D4.8FE1 EO8A2F05
Foundation for FutureLondon
Notes to the Financial Stalen]ents for the Year Ended 31 March 2024
Trade creditors
Trlide Lrcdilor5 are obligalions to pay for goods or services that hai'e been acquired in Ilie ordinary course of
business from suppliers. Accounis pdyable arc classificd d5 curreni liabililics if ihe Lharity does noi lidi'e an
unLonditional ri&Ylii, al Ilic end ol thc rcporling pcriod, ¢0 dcfer sctileinent of the crcdiior for at Icd%l lii'cli'e
monilis after Ilic rcporling dale. If iherL iq an iincoiidiiion¢11 righi lo dcler seiileineiil for q¢ I leisi ti¥'eli'c iiioiiil)s
after ilie reporting d£11c. they are preseiited a5 non-currei)I IiLlbililics.
Creditors and proi'i%iun% are recognised at iheir sciilen)cnl aniount after alloiving for any tyadc disLounis due.
Tr uild struclurc
UnresiriLied inL(Iiiic fund% lire general fLind% Ihat arc aN'aildblc for use ai ihe iruslee8's disLrction in fiiriherance
of (he objcLtii'c.% of il)c gr()Iip.
Rc5lricled iiicoii)c fLlli(l% arc those donalcd for usc in a parlicLilar arca or for spccific purposes, Ilic usc of ii'liieh
14 rcslriLlcd to Ilial Iirca or piirposc.
Penslons aiid otlier post retlremenl obligthlions
Folind'ilion for FiilLircLondon l)ilS Li defii)cd coiilriliiili()ii pci)%iOli 4Lliciiic i¥'iili Ro}'iil Loiid()ii Ili:Il Loniii)cnLed
opcriilioiis on Ilic l July 201 (). Foiiiidiilioi) fi)r FulLireLoiidc)i) c()i)Iribiilcs 5Ck, of caLlI ciiipl()ycc's gro%% %alary
tol5'<ird% ihc pei)%ion SLlicii)c. Oiil%liiiidiiig pen¥ion L()Iili'ibiilioii% al Ilic biil:UlLC %hcLI cliilc arc iiiclLidLd iii
redilor5.
iiiei1SLired di ilicir %ciileiiici)1 i'iilLlC i¥'iili Ilic cxccpliun of coiiccssioniiry lo￿)$ ￿,111Cl) drc subseqLieiiily meiisured
at <iniortised LOSI iisiiig Ilic errcctive intcrcsl nieihod.
FuiiirelDn(lon Enicrpri%es Liniiied only has finclnciiil in%irumeni% ii'hiih ii'ould meet ihe dcl'iniiion of bdsiL
3 Iiieonie from don11 Ilons llnd legi< CICS
Unreslrlcted
run(15
Reslricled
fund5
'rolal
2024
Tolnl
2023
iencrnl
Doii<ilions
2,IllXI
2,.579,418
37,891
2,261,469
2,261,461)
31,99.3
Dondlcd scri'iles and facililieq
31 (J93
Paue 27

Docusign Envelope ID.. 86916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Ineonie from other trading acliyilies
Unrcslricted
funds
Total
2024
General
2023
Sponsorship inconi¢
2118.333
2118.333
208,333
5 InYc5tm¢nt income
Unrestriclcd
funds
'rotal
2024
Totnl
2023
(Tener&l
Inlerc%l re¢¢iv¢ible llnd siii)il<ir inci)iii¢',
Ii)lere%l rcceii'ablc oli baiik dcposils
6 b xpeiidilurc on cliurilnble aclivilies
Unreslrlcled
fuii(Is
Ilcslrlctcd
I'unds
'I'ntnl
21124
'rolal
2112.1
ProjLCt grlinls
Prt)jciI dilil'cry Los15
Project m1£ lliigcii)eiit
ProjcLI ci'aluaiion
Support and Gov'iice
,771.9511
2,533
47,595
55,568
267,384
,771 LJ50
2,533
47,595
55,568
476,485
2,547,451
21,5C)8
11,123
59.210
447,333
209,101
2024
Unrestricled
21124
Rc51ricted
2024
2023
SalLlfic5. Ivagc% and rellL ted co.s1.5
Gcneral oflilc coslN
Goi'ei'iiaiicc cosls
FrcclJnc¢ ¢051
Donalioi)% in kiiid
147,304
37,IH4
24,753
213,786
361,090
37.044
24,765
53,586
.324,024
12
53,586
4tl,()45
38.882
£20CJ.IUI (20?3 £216,812) of Ilie IL boi'e expendiliire a(Iribiitablc to iinrcslriclcd ILincls dnd £2,145,0.30
(2023 £2,861),873) lo rcstrictcd fLinds. All support costs arc ullocalcd bdScd on (he pcrccniagc ul ioidl siaIT
C051s for fuiidraisiiig aiid Lhiwiliiblc aitii'ily.
Page 28

Docusign Envelope ID.. B6916686-97F8451 F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
7 Expenditure on raising funds
a) An411)'sis of costs on ralslng funds
Cost of raislng
funds
Total
2024
Cost of ralslng
funds
Other costs
2023
saI￿leS,
and
reldtLd
160,826
16n,826
169,602
169,602
General
orrice
costs
18.OCJ8
18,098
24,690
24,690
Frecli11lCe
4uid
coi)%uliancy
24,489
24,489
1,5L)2
,5()2
Projecl
clelivery
5,()36
5,()36
Support
goi'crn4inLc
2C),048
26,048
20,259
20,259
Doi)aiion
in kind
12,5U4
12,-$114
?{
b) C'osts of trlldlng acliiilics
Unrcslricle(I
fuJid5
General
21124
21123
Nole
Tradiiig sub%idiary co%ls
19()14
Pagc 29

D￿sign Envelope ID.. B6916686.97F8451F.83D4_8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 Marcli 2024
8 Grthnt-niaklng
Anal)'sis of grAnts
7ranls to ill51ilutions
2U24
21)23
Analv5iS
Wesificld Siriltford City
Cily ol Loiidon
GcnLrdl
1,767,950
2,296,016
251,435
The %LlPP()ri c()%ls as%oci6ilcd iviih grunl-n)4iking Lir¢ £373.080 131 M&ifLh 2023 £.322,4221. Morc dcluil is
proi'idcd ii) nolc 6.
Wcsificld Slrdiford Cily
CupaLiiy buildiii&y FFL'S Irce provisioi) lo J¢ce44 11 Cdpilcity BLiiliiiiig Progran)ii)e Iliili proi'idc% il)c bcdruck for
ruikil) an(1 SLi%idiniibilily lor both ciirr¢nl, pasl, aiid fiitLire granlccs. See Pdge 15 in ihc Tr1151cc Reporl.
CrLaiive Fuliircs Thc L()ii)iiiviiily slrai)d of il)e Wc41field Eclst Bai)L Crc4l(ii'e Fuiurc8 Fund. Thc ¢oiiin)ui)ily
sifiind'4 niiiin purpi)%L 1% lo cr¢¢ilc illLILl%iI'e lind %ii%lililliiblc oppui'lLiiiilic% for il)e indii'idii%il%, &vrJ.%4 ri)ol
orgF:Iiij%ilj()ns ￿)d coiiiiiiiinilie% 11,liolc ii'iiliiii ihc f()Iir bi)r()Ii&Jli% ihai iiiikilibuiir E<l%t Bank. This is Il)ruLigli
Ilioii I211d heril£l&7CTr lill 1110sc clcnicni% ihiil ii'ill bL synonyiiioLlS Il'ltl) E£1St Loiicloi)
Js it devclop4 tu bccoii)e a central culiliral dcsiinalion fur Jll.
Tlic coiiiniiinily sifiiiid ib broken doivn into Ihrcc calcgories..
Smiill To cicLclcr41(c ncii, projccl idcas, sl:IrlLlPS. cdLICiltioii, Irclil)ing, skills cind IiiiulifiLdiion8 or Loininunity
Mcdiiiiii
purpi)%c or
l)oroiighslcomniLII)iIics.
All()ii' tl)e .4caliiigF lip ()r nioi'ing projeil I prc>&)rdninic of 4lltii'ilics In ihe i)ext slagc ii'itli the
Largc - For projccls 11)ai ivill 5UPPOrt IoLal orgdnisJlioi)s that slioiv collLlboril1ive Pli rtner5hip i￿.OrkIng. ProjcLIS
need io rcflcci ihc Luliurdl dii'crsily of ihc EJ%l Bank coii)Inunilie4 by Lrcdliiig Lon)11)Lllli(y a.%SCls ihal i%..ill opcn
opporlLinilic5 lo dll.
Examplcs of projecls funded in tl)i5 4tr4ind can be seeii on page 14 in ihc Tru51¢es rcporl.
Pagc 30

Docusign Envelope ID.. 86916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
Capil411 Gr￿($ are for activilic5 Ihal cover the folloiving..
o A building projecl as defined by any lype of capiial ii'ork (hai is required lo comply iviih slatuiory approvals
sucli as buildiiig or planning regulalions and you must dcmonstraie securiiy of tenurc and all stalulory ppfovl£ Is
hai'c bccn applied for.
o Tlie RIBA Pliii of Work organises il)e process of briefing, desigiiing. conslnjcling dnd upcriilinb building
projects ii)to cighi slages <ind expliiins tl)e stage oulcoii)cs. corc lask% dnd iiifum)alion CXLli%ingL's rLquircd at
eacl) slagc. If yoii are follo￿.11]g ihc RIBA desigi) sldge%. your projeLI n)usi bc dLI'cloped io di ILa%i RIBA Illork
Stagc 3.
o Small orgdni8ation% do not need lo adlicrc to RIBA bui ivill be asked lo produce plans th11 i have susldinable
development goals.
o Buying us%ci% SilLh 11% lurnilvre, ciiuipni¢nl, inslruni¢nls tind i'ehicles, ￿'￿ierC Il)ese ivill supporl Ihe delivery of
acliviiies Ili¢il conlribul¢ tolv￿dS OLIILonies listcd wiil)in tl)is guide.
o In)proving exi%(ing f4icilitie$ 10 enhance aeccssibility.
o BLiildii)g w'ork io improi'e an exi%iiiig Loinmuniiyl culiiirul building,
o Ii)%lJllinbi ncii, Icchnologicg and iipgriiding buildings lo lacililJlc Jctivilics Ilial ivill delii'cr oil OLIILome% li%(cd
wiil)in iliis gLiide.
PiirLhi?4ing or d¢i'¢loping n)<iiiJgciiient Systenis lo enhance engiigcincnt lind c)rgani%aiional &yroi¥'ih lor
aciii'iiics Ih*il ii'ill dclii'¢r on oiil¢unies li%(ed iviiliin this gLiide.
o Eiivironni¢nlJl %Li%laindbilily co%1% inLILiding inslallii)g or rclrofilliiig SLi%ldilliible ieLhnolc)gieb or upg?ra(ling
exisling building fabric.
o Profe%sioiial fees (Ihai do not CXLccd 65f/o of Ihc rcqu¢bl¢d funding) assoLidled ivi(Ii capi111 I spending on your
projcLI, proi'ided Ihe clPPUiI)Inieni% hai'c bccn ii);ILlc in dLcord:illLe iviih n)ecliiig oulLoii)es lislcd ivitliiii ihis
guidc, for ex11 Iiiplc Li%ing Iociil or iieiv Siiiri up %upplicrs und cc)nlru¢lors.
Neil, plilLeniakin&y Loiiin)unily iiifrilSiriiiliire inslallJlioii% sucl) as sigiidge. COllilllLinily sensory giirdeiis,
cnijironnienial or suslain4ibl¢ r¢%ourccs el¢.
o InLlud¢ projccls iliat needcd addilioi)al Pilcity buildiiig SLIPPOTI siich 415 orgai)iSillional dci'clopincnl.
Employc2bilily/Cul(urc cxcl)ang¢'.
Thc LuliurJl cx¢hdngTrc prog?ranii?)e li<iS been dcvised agiiiiisl the 'lei'clliiig lip, backilrop cind is an innoill Jijk'e
UK-ii'ide cxch,.In&?e prograninie. Tlie <iin) of the PTogrilll)mc is lo coiinccl yOLllig peuple* iifis, Luliiiral and
ii)noi'dlioii org'ii)is:iiion% and L()InniLinities <icros% Eilst Loiidoi) cl1)d oilicr UK cilies, using crcativc 41nd inclu%ii'e
pla¢Lmakiiig) a Ic'in)ii)g lool. Scc pagL 13 iii Ilic Truslces Rcport.
Page 31

Docusign Envelope ID.. B6916686-97F8451 F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
New Talcnt..
Neiv Talcnt Fuiure Leaders, prOgr￿7￿C aiTns to connect local people from diverse comniunities £1nd those
und¢r-r¢prc%cnied in ihc i¥'orLforLc lo Ihc cii)ploynicnl. education and busiiiess opporlunilics gciicraled froii) Ilie
groi4'11i d¢lii'crcd by Ea%i Bank. Tliesc opporiunitics 1¥'ill cnicrgie in ihc hi&Thcr LduLatiOll SCLtor dnd ihe Lultiirdl,
cre411ive, fashion ¢ind Icclinology indiislrie8. The projcL¢ coninienLed in April 211? l. Sce pa&?e 14 in ihc Trusiecs
reporl.
City of London
Connccling Pcoplc und Place5 (CP&P) Fund sUPPOrts Eusi London pthncrs 10 dcliN'er inclusii'e drt5, eduLalion
and ciiiploynici)I pr()uvraniinii)g and crcdiii'c pldL'cn)aking, focusing on Fusion Skill%, pdrlner%hip dei'elopmeni
and capacity building. See Piqgc 7 in ihe Tru%iee% Reporl.
CollJburiilii'c piogr<iiiimc is d Coiiiii)i%sion lo fuiid a s11)Jll¢r col)ori of Lo1141bor¢ilii'c-foLiiscd lrculivc leaming
prujeLt5 as parl of CP&P. Sce Page 7 in the Tru%lce5 Report.
Ea81 Bank Partnership
Provisi()n of fiii)dingy for i'arii)U% Lolliiborillii'e projcLl% ivi(h the Ei14t Bank Piiflners. all of ivl)ich hi1ve d foLLIS on
yoiiih ir*iiniiig .11)d ciiiployiiiciil oppor(unilic8.
Page 32

Docusign Envelope ID.. B6916686-97F8451F-83D4-8FE1 EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 fvlarch 2024
9 Net Incomlngloulgolng resources
Nel incon)inglout&)oing resoufLe5 for ihe year include:
2024
20
Cyroup
Siaff pcnsions
Trustee expenses
Audii fces
Legal aiid profe55ional fees
24,532
791
34,610
3,450
17,403
602
42,110
2,448
Ncl inLoniingloLilgToing resourLCS for the year inLILidc:
2024
20
Clinrity
Siiirr pension5
TN%iees expenses
Aiidil fccs
Le￿￿[ i111d pn)fc55ioniil fee%
24,532
7()1
3111)60
17,403
()02
38,IMIII
2,448
3,4511
Page 33

Docusign Envelope ID.. B6916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 imarch 2024
10 Staff costs
The uggregdie payroll eosls wcre as follow's=
2024
2023
Stnff costs durlng ihe )'eAr iiere:
Wagcs and 8aldriLs
SoLiLI1 scLurity costs
Pension cosls
Oil)er st&lff c0515
Fr¢clance
451,687
44,237
24,532
396,(A7
40,965
17,403
2811
Tlic iiui?)bcr of cii)ployce.s i¥,hose einolunicnis fell iviihin Ihe folloi¥'inbi blind% ivas..
21124
£60,IK)1- £70,(x)o
£70.(x) i - £igii,(x)o
£811,(Xl l £()11,(xio
£911,IX) i £ Iixi,oon
£130,001- £140,000
£140,110] £150,1100
£150,110] £1611,IIIK)
£160,UO I £170,0(Jo
TIIC Lliiirity TrL14tccs ii'erc iiul p'iid iior did ilie}' rLCLiI'e dny oil)cr bLiicfils froii) ciiipli)yiiiciit ii'iili FL7LiiJdiilioii
ror FLIILireLondon ii) Ilic pci'iod. Duriiig ilie pcriod. FoLindiltioi) fur FLIILircLoiidoii TrLisIcc% IllLLirrcd cxpci)%cs
.hicli ii'cre rciillbLirsccl b}, Il)e cliilrily toliilliiig £7()1 12023.. £6112). ExpcnEes reinibLirscil inclLiiled i?)celings
expei)ses. No charity Tr1141ce rcccivcd Piiynicnl for pr(Ifes8ional or oiher s¢ri'ic¢s siipplicd lo th¢ Charily.
Thc k¢y managemcnl personnel ol (hc Lhdriiy Lomprisc Ihe Truslccs and (he Excculive Direllor. Thc ioial c()st
of il)e key miillLigemenl personnel for 2023124 IVLre £113,840,12022123: £120,000).
Page 34

Docusign Envelope ID.. B6916686-97F8451 F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the fiinancial Statements for the Year Ended 31 March 2024
The monthly ai'erage number of pcrsons linclLiding scnior managctncnl leam) employed by ihe group during the
yell r expressed <18 full time eqiiiiialeni.s il'as as fc)Iloii's'.
202A
2023
ProgrJn)11)e dclii'cry
Fundraising
Admiiiistratiie
I l Related porty ¢rnn5nclion5
Foundiltion for FuliireLondon is rcquircd lo disclose Iransaclion8 iviih relaied parlies
orgdni%aiions or
indii'iduils 111lL t h'iv¢ tl)¢ p)ienii411 io control or influcnLC F()Liiidaiion for FLiiureLondun or to be conlrolled or
iiiflucnLed by FoLinddtioii fur Fuliir¢London.
The rclilted par(ies where ihere wcrc tr4ln%ilclions iviih Foiiiid:Ilioi) for Fiilur¢Londoii in 2022123 or 2023124 arc..
Fuiurelondon Eiiie]prise% Lin)ilcd IFLE)
2024
Donalioi)-
in-kind
Iiicnnie
li ￿pendIture
Debtor
Cliarity
FLE
21123
Donalioi)-
in-kind
Iiicorno
peiiditure
l)elilor
ChArity
FLE
FuluTcloiidoii Ei)lerpri%L% LiiiiilLd its <1 11,hi)Ily 0i4'iiLd %iibsidiJry c)I' Fc)Iiiiddiioi) for F(IliirLlc)i)dun (FFL). Diii-iiig
il)c pcriud FFL proi'idcd Iiiaiidgciiieiit scrviLes lo FLE. FFL reLeil'e% dnd pays incomc 'ii)d Lxpci)diiurc oil bLhair
of FLE, Iliis w'as Ireciled lo:In bcli¥'ceii ilie coii)piiiics. Tlic loii) ii'J% uiiscciired, iiil¢re4( frL¢ 'ind rcp:1s1:Ibl¢
on demand.
Diiring thc year under rci'iciv, FLE, purchcised services inclLiding s(aff rcSOLITces. IT seri'ices, office SP<lCC £111d
eqiiipmei)t from ihc p'irenl charity, Fnui)cl.Ilion fc)r fiiturclondon, lolallin¥ £84,745 (2023.. £75 1)07). Ai ilie end
of il)e year an llniouiil of £Nil rcinaincd oulslandii)g ii) rc5PCCt ol Ilicbe puiLliase5.
FLE doiii1led it's profils lo il's parci)I charil),, Folindation for Fullirelondon. For the year Cndcd 31£¢ March
2024, Ihis an)ounlcd to £102,315 (2023.. £105,388).
igc 35

Docusign Envelope ID.. B6916686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
12 Audltors, remunerAlion
The amouni recogniged in ihe Sia¢emeni of Financial Aciivilies for fec8 in respect of ihc audii services proi'ided
lo Ihc group is £34,610 Ichurily £30,960), (2022123: £42,110, chariiy £38,000).
13 Tayation
Tax chargedllcrediied} in ihe s¢aien)ent of fii)ancidl aclii'ities
21111
Cyroup
Liirronl layalinn
UK Lorpordiii)i) i&x
Cliiirily
The Lli:Irily is cxcmpl from t￿￿ on inconi¢ gilin¥ filling ii'iil)iii s¢clion 505 of ihe Taxes Acl l()88 or 5eclion
252 of th¢ TilX¢ilioii of Cliar&)¢¢ibl¢ Gail)% A¢1 19()2 10 ilic cxlcnl 111411 IIISC 1¢ rc iipplicd lo ils ¢liarilJble obje¢ls.
The .%Libsiiliiiry, FLIILirelon(lon En(crpri%e4 Liiiiiied 14 ITiidiii&? 5Lib%idii1ry wliiLli is noi exeii)pl froni liixdlion. The
Cort)ortion Iliie for (lie ycitr ei)Iled I14t hqarLI) 21124 11,. %. £Nil, (2112.1: £Nill.
14 Tr ixcd Asset iliVQslmciils
Th¢ Lliarily liold% onc shiirc of £1 in ils ii'holly oii'iicd sub4idi¢iry Loiiip;Iiiy, FiilurLLoiidon Eiilcrpri4cs Ltd,
Ivhicl) is incorporiiled in the Uniled Kingdom. These arc ihe only shli rcs illlollcd. Ciillcd up and Ililly paid.
At 3 Isl M<ircli 2n24 tlic subsidi41ry hiid i)el assels or £1 (2023.. £1)* <ind 11)<idc a profil for Ihc yC4ir cndcd 31 $1
Miircl) 2024 of £nil, (2023.. £7,40.11.
15 CAsh nnd clls11 ciiuii'nlciils
Cyroup
Cli<iril)'
2024
2023
2024
2023
1.045,190
871.471
1,227,079
700,428
1,043.365
871,471
1,227.079
7011,428
Shoil-lcriii dep04il.%
Page 36

Docusign Envelope ID.. B6916686-97F8451F-83D4-8FE1EOBA2FOS
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Debtor5
Group
Charity
2024
2023
2024
2023
Trade debiors
Paymciils on accounl
Prepuymcnis
Accriicd ii)coiiie
Oilicr dcbior
3.650
3,650
914
6,142
6I31).30
31),8?()
914
6,142
613,930
14,520
830,824
2(),()61
14,5211
830,8?4
35,26?
Page 37

Docvsign Envelope ID.. B6916686-97F8451 F-83D4-8FE1E08A2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
17 Creditors: Amount5 falling due i%'ithin one year
Group
Charity
2024
21123
2024
2023
Trade credilors
Ae£rual.%
Taxdlion and pcn5iOllS
109,980
,149,014
5.098
127.762
1,308,515
6.163
109,980
1,145,364
12,449
127,762
1,305,(kn6
14,916
18 Tr inAncial ijislrumenls
(Yroup
Group
2023
Chority
21124
ClIAril}'
2023
21)24
Credilors
Debiors
C1￿h
(1,264,U()21
660,815
1 ()16,()61
{1,442,440)
878,955
I C)27,5117
(1,267,792)
6()6,140
1,914,836
(1,447,744)
884,256
I CJ27,5117
Pagc 38

Docusign Envelope ID.. B6916686-97FPA51F.83D4-8FE1 E08A2F05
Foundation for fi utureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
19 Trunds
Group
Balance &t I
April 2023
Incomlng
resources
Rcsourccs
eipended
liirch 2024
General
Gencrdl Fuiids
1,268.797
292,761
1459.837)
1,101,721
De.iixiillled
Dcsigniiied Funds
l.f11 IXMI
Total unrcslricte(I fund5
1,418.797
2C)2,761
1459,837)
1,251,721
Rcstricted fiinds
Rc%lric¢cd FLind%
2261469
2 14511.30
Tot&1 funds
Iliil<ll)CC 51t I
April 21122
Iiiennilii
rcsi>urL'es
ResiiurLes
cxpende(I
Lliilance al 31
Illarcli 2023
Geiierol
Gcncriil Fund%
1,474,516
264,()90
{470,72C))
,268,797
De3iA>iinle(I
De5ignaied Funds
i.fo tX)11
Total uiircslriclcd fund5
1,624,536
264,()90
{470,721)1
1,418,797
Re51rlcled funds
Rc%lriiled Fiind
235,6811
2,57(J.418
(2,86(),873)
(54,775)
T()ti£ I fiinds

Docusign Envelope ID.. B6916686-97F8-451F-83D4-8FE1 E08A2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
Charity
lancc ot I
April 2023
Incoming
re50urce5
Resources
e¥pendcd
ljalllnce At 31
larch 2024
Geiieral
General funds
1,268,795
271,4148
1438,-$621
1,101,721
De.sigiinted
Dcsignatcd funds
150 IXIO
150 00()
Total Unrestricted funds
1,418.795
271.488
{438.5621
1,251.721
Rcstrieted funds
Wesifield Siraifurd City
(54,7751
2,261.469
12,145.0301
61,664
Total funds
Incniiiing
rosi)urces
Ilcsources
eipendo(I
lllnce 0131
IiirLlI 2U23
April 21122
Geiiernl
Geiierlil flinds
1,481,931)
237,952
(4.fj1,11()6)
,268,795
De.figiialed
Dc%igJn¢iicd fund
i.fii IXMI
Total unreslriclcd funds
163193()
237 952
451 IN)6
141871)5
RestrlLted I'iinds
Wesifield Sii'iiifurd City
Cily of Loiidon
C)8,707
I C)C?,973
2,41H,418
175,IllXI
{2,527 ()IXI)
{341 ()731
154,775)
Tot141 rl'slrlcted funds
235 680
257LJ418
2 86L) 873
Totnl fiin(Is
Page 40

Docusign Envelope ID". 86918686-97F8451F-83D4-8FE1EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statenients for the Year Ended 31 March 2024
Deslgnated Funds
The Truslees designaled £150,000 from ihe gei)eral flinds into a designated restrLlCtLiring and transforn)I1ion
ruiid io iiicet poleiitial expendiliirc that Inay arise in Foundation for FuiurcLondoii op¢ralions.
We51field East CrelltiTr'e Futures Fund
The Wc%ificld East Bank Crcaiii'e Fuiures Fund is a £10 million, fii'c-year creaiii'e programme ihal ivill proi'id¢
jobs, Icarning. Ir(111)ing, aiid cducaiional oppori(Iniiies ihrough Ihc nican8 ol ari, culiiire, iniioi'aiion 11 nd crc41¢il'C
placemakii)g. The outgoing resources represents indirect support cosls for WSC fonning parl of the progr&lnin)c.
Cil), of London Trund
The Foundillions Progrliiiime iV1i s the firsl phil se of ii'ork co-fLindcd i'la OLir four-yeii r parlnership ii'ith Ciiy of
Loi)doii. 1711% pdriiicT%hip 4uppori% uiir lucal Lvllab()ril(ii'e Luliiiriil prugrainn)ii)& 6ifuLind LrLii¢iiJc cduL'
lifeloiigi ILiirriiii& and en)pl()yii)L'iii opportunilie%. The Expci)diiure in ihe yecir reprcscni% direct cos1.% dnd indircLI
cosis co-fundcd by Thc FoLlI)dalion.
Page 41

Docusign Envelope ID.. B6916686_97F8451 F.83D4-8FE1 EOBA2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
20 Analysls of nel assets betiveen funds
Cyroup
Restricled
funds
GenerAI
Total funds
2024
Ca%li d( bill)k ui)d iii liaiid
Currciii &s4¢lsl(liabililiL5)
1,30(?,C)37
{40.618)
6111.025
(548,361)
1,916,fi62
{588,97(J)
Total nct assci8
126601
. 616fj4
Reslrlcled
I'unds
Gejierol
I'otal funds
2023
Cu%li di b<inL liiid in l)azid
Curreni assci4llliiibililic%)
1,444 1)45
126,148)
482,562
{537,337}
,')27,5117
l.%()3,485)
Tolcil iiei assei
ClIArlty
Rc'slriLlc(I
I'uilds
Cjoncrlll
I'olnl fiinds
2024
C£isli ai bank and in d
Ciirrcnl &%%ei￿(￿l.lbl111lC5)
,31H,811
610,1125
(548,361)
,914,83(7
601451
Tol£11 nel iL%Sel
Rcslriclcd
fuiids
Tolhl funds
2023
Cash di bank and in hand
Curreiil li sselsl(liilbililies)
1,444,Y45
2() 1411
482,562
537 337
1,927,507
563 485
Tolal nci &£sels

Docusign Envelope ID.. B6916686_97F8451 F.83D4.8FE1 E08A2F05
Foundation for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
21 Reeonclliatlon of net moi'ements In funds to net CAsh floiv from operating actii'ilics
Consoli(14lted
2024
2023
Note
Cash floivs from operating llclivilie5
Net ca.sh cxpciiditLir¢
Ini'L%iniLni inionic
Dccrca.4c in Ilcbiors
IDccrc'i%c}lincr¢asc in ¢rcdilors
{8 C)84)
1.$2,4351
2111,140
(220,(YJ I )
{496,193)
116,766)
126.775
(83,037)
16
17
Nct Ciish fiuivs froni opcr£1ling aclivilics
221
Charit),
2024
21123
Notc
Cas11 floi%'s frnm operaliiig aclii'itics
Ncl cash cxpcndiliirc
Invc%liiicni iiiic)Iiic
DcLred.%c iii dLbiors
(50,()35)
(52,475)
217 ()1()
(17() ()52)
1503,599)
(1(),7()(7)
1()7.282
-fj3,8(}?
{DLcrei1Scl/inLica%c ii) crcdiior¥
{Dc¢r¢*isellincrea.%c in defcrred ii)Lomc
17
Net Cash noivs fri)ni operciiing ilL(II'IIic
Pagyc 43

D()CU5ign Envelope ID". B6916686-97F8451F-83D4-8FE1EO8A2F05
Foundalion for FutureLondon
Notes to the Financial Statements for the Year Ended 31 March 2024
22 Prior )eor comparison of SOFA for the year cnded 31 Lllarch 2024
Unreslrictod
fuiids
Restricted
funds
Total
2nll
Note
Inconic gnd Endoii'nients from:
Donaiionq lind IL&Tar Lie%
Oihcr trading aclii'itie%
Invesln)enl income
39,891
208,333
2.579.418
2.619.309
208,333
Toial Income
264.()CJO
2,57l).418
2,844.4118
Expenditure on:
Chiirilablc activities
Riiising funds
Costs of irdding slclii'ilics
Total Expendiliirc
(216,8111
1234,284)
(2,86(),873)
{3,1186,684)
{234,284)
19()34
{4711,729)
12,8()(),873)
{3,3411,611?1
Ncl exp¢ndilur¢
12115,73C))
12()11,455)
{4(J6. ICJ4}
Nei movemeiil in flind4
{205.739)
12()0,455)
(4L)6,194)
Rcconcllluiloi) of fui)ds
Tulal fiinds broLlgTht for%v<ird
1624 536
35 6811
11611216
Tulal fuiids ¢￿rI¢￿ forni'iird
19