## **Big Futures Foundation**
**(A Charitable Incorporated Organisation )**
# **Annual Report & Financial Statements for the year ended**
## **31st December 2022**
(Registered Charity Number: 1173374)
Charity accounts preparation & independent examination service
## **Big Futures Foundation**
## **(A Charitable Incorporated Organisation )**
|**Contents**||
|---|---|
|**Index**|**Page**|
|**Trustees Annual Report**|**1**|
|**Independent Examiners Report**|**7**|
|**Statement of Financial Activities**|**8**|
|**Balance Sheet**|**9**|
|**Notes to the Accounts**|**10**|
**Report of the Trustees for the period ending 31st December 2022**
**From:** 1st January 2022 **To:** 31st December 2022
## **Charity's full name**
Big Futures Foundation
1173374
## **Registered Charity number**
## **Objectives and activities**
## **Summary of the purposes of the charity set out in its governing document**
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of ∙ those people from becoming socially excluded and assisting them to integrate into society.
- Advancing in life and helping children and young people by developing their skills, capacities and capabilities to enable them to
- ∙ participate in society as independent, mature and responsible individuals.
The Constitution obliges the Trustees to apply the Charity income to such charities and for such charitable purposes and in such proportions and in such manner and subject to such terms and conditions as they may determine.
The Board members bring a wealth of experience to the organisation and a varied mixture of skills. Professionals from education, business, academia and finance backgrounds equip the board with the necessary resources required during discussions regarding strategic plans and decision making.
The Board undertakes processes that ensure our charitable activities are based on a sound governance ground. Such processes include DBS checks on all trustees, qualifying staff and volunteers, development of relevant policies and ensuring that appropriate indemnities are in place to protect the liabilities of the Charity.
**We believe that** ……. Every child should have the support they need to make the most of their school career. We want Big Futures Foundation (BFF) children to be their best. To grow into adults that are happy in their personal and work lives and are proud to be themselves.
## **Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts**
BFF supports children living in disadvantaged communities from age 5 through to when they start work. We help children and their families with their emotional wellbeing and their life skills, smoothing their path through their education. Both are known to be very important for success in school and work.
Our Social Objectives:
To ease the path of BFF children through the education system.
To help BFF children to move into meaningful and stable employment when the time comes.
To help BFF children to develop into adults engaged in the society they live in and who are proud to be themselves.
We fund qualified therapeutic counselling services for children and parents/carers in the school setting.
We develop and deliver, in partnerships with schools, tailored life skills and resilience development programmes for children.
The Trustees confirm that they have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission in respect of public benefit. That guidance outlines the need to all charities aims to be demonstrably for the public benefit. In planning the activities for the period, the Trustees have kept in mind the Charity Commission’s guidance on public benefit at the Trustee meetings.
Big Futures Foundation (BFF) delivers its objectives through the provision of emotional wellbeing services, life skill and resilience development programmes to children and their families. The achievements of BFF over the operational year 2022 are highlighted in this report.
Our aim is to help all children living in disadvantaged communities to reach their potential in the classroom and the workplace. Supporting them to make the most of their school careers and grow into adults who are happy, engaged and proud to be themselves.
1
**Report of the Trustees for the period ending 31st December 2022**
## **Achievements and performance**
**Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.**
## **Message from the Chair**
2022 has seen a lot of very positive change, renewal and development for Big Futures foundation. Michelle Foulks joined us in June as BFF’s first Chief Executive. Michelle has been a great hire for BFF and has allowed our organisation to plan for the future and move to the next stage in our development. The main concerns for our organisation in 2022 have been dealing with increasing costs for both the organisation and the families we support.
BFF closed the year having developed and initiated a programme of activities to support our children as they move into secondary school in September 2023 and the expansion of BFF into a fourth primary school location in York.
We are delighted to have received funding from a growing number of local and national grant giving bodies, individuals and businesses. The generosity of our supporters is of vital importance. It would be impossible to do our work without them. The continued and ongoing support and flexibility of our major funders has been of huge importance. BFF is building a strong record of repeat funding, a testament to the hard work and commitment of our staff, volunteers and trustees. It’s been fantastic to witness BFF moving from a fledgling organisation to a part of the fabric of the long term support for families and children in our communities.
The funding and donations we have received has allowed us to provide a highly valued and effective therapeutic counsellor to work with the BFF children and their parent/carers, to continue our Family Activity Group and provide the training, external expertise and resources we need to develop and expand our organisation and deliver our programmes.
The strong working relationships we have with the schools the BFF children attend, our counselling service provider and our local community have allowed us to make great progress and support and reach more families. We continue to look to the future, how BFF can better serve the communities we work with, how we can learn from and adapt to the effects of the Covid-19 pandemic and the cost of living crisis and how we can continue to take our programmes to new locations across York and into other regional cities with high levels of need.
BFF is fortunate to have a skilled and committed board of trustees, staff and volunteers. Our collective commitment and willingness to provide time, expertise, ideas, critical thinking, oversight and practical help has been crucial in our ability to adapt and make progress through the year. I’d like to thank Louisa Wilson for the expertise, support, ideas and unerring energy and commitment she has brought to our Family Groups. Farren Downing her expertise with young children, her creativity and the friendship she brings to our Family Groups and her willingness to get stuck in and participate in anything reasonable any of the children ask of her. The fun, friendships, new skills and experiences and support our families have enjoyed by participating in the groups has been a joy to see. The feedback we get from our families concerning the groups continues to be very positive. The groups are often a highlight in their week and the informal support structures they offer continue to be invaluable, for both adults and children.
Jan Strong joined BFF as our new Fundraising Manager in mid-2022. Adding her skills and expertise to our team has been hugely important to BFF finishing the year in a strong financial position, bucking the national trend on successful funding application rates. I couldn’t thank her more. Sonja Sedran joined us in the autumn and has been a huge support in the daily administrative and financial running of BFF.
The voices of the children, their parent/carers and the schools we work with are vital in our development and delivery. BFF’s priorities of supporting the mental health and emotional wellbeing of families and developing life skills over the long-term all aiming to close the unacceptable academic attainment gap, made worse by the pandemic, between children living in disadvantaged and non-disadvantaged communities is of the upmost importance. We continue to make sure we are providing our families with the best services and programmes we can. To meet them where they are at and to continue to build strong and respectful partnerships and support structures. We’re looking forward to continuing to support our children and their families and drive forward our programme of growth into new locations and secondary schools in 2023.
## **Claire Douglas – Chair of Trustees**
## **Achievements**
BFF has gone from strength to strength this year and 2022 has been our most successful yet. We have increased our income, and our charitable spend, helped more children and families than ever, and had huge positive impacts on the lives of our beneficiaries, and in turn local communities.
Beneficiary consultation and feedback is a regular and ongoing part of our annual processes. This is to ensure we understand what our families want and need and include them in the development and delivery of our programmes. The children and adults we have worked with have reported that the BFF services have improved their mental health and wellbeing, confidence, self-esteem and ability to build better relationships. Our services have also helped the children to develop the life skills necessary for full engagement and benefit from their education.
During 2022 17 new children joined the BFF programme, bringing the total number of families we now work with to over 50; over 150 individuals now benefit from our programme, including BFF children, parents/carers and siblings.
2
## **Report of the Trustees for the period ending 31st December 2022**
We believe in encouraging all to develop and learn new skills and encourage positive activities and stimulating opportunities to raise selfesteem, aspirations and a sense of belonging. We continue to provide a wide range of activities and opportunities through our programme to the children we support. Activities have included arts and crafts, growing fruit and vegetables and learning how to cook, baking, and various sporting activities. On top of our day-to-day work with our children, we have also been able to treat our children and their families to days out during the school holidays. These have included trips to local parks, bowling, soft play, a petting zoo and even a day in Filey. Children can only aspire to what they know exists, and we give children a glimpse of the wider world to show them opportunities that they do not know exist. BFF creates new opportunities for children and their families to rouse ambition, motivation, and aspiration for their longterm future. The long-term impact of our charities work is that we will increase the children's emotional wellbeing, learning, social interactions, and increase their knowledge and understanding of the wider world and the opportunities it has on offer. We believe every child should have a great life!
Over 70% of the children who participated in the BFF counselling service saw an improvement in their wellbeing measured by an adapted version of the Good Childhood Index. Teachers, parents and other adults around each child have commented on improvements in the confidence, independence and self-esteem of the children. Attendance at school has improved, enjoyment of school has improved, and their ability and willingness to try new activities and show the resilience to persevere with learning has improved.
Teachers and support staff from our partner schools have commented:
'Many of our children had never left York or been to the theatre. Trips like this are invaluable for their aspirations, self-esteem and confidence’
'Confidence has grown to take part in activities at school.'
Our services have improved the mental health and wellbeing of the adults too. This has allowed our families to improve their social and support networks and given parents the confidence to try new things with their children.
Comments from our annual children and parent/carer survey include:
“The support we have received from BFF has really helped my family, especially with getting out” “BFF is a good support network and the highlight of our week”
“Knowing I have BFF to look forward to when school makes me sad really helps”.
As the children age, we hope to see these impacts feed through into improved educational outcomes for the children at significant milestones in their school life at the end of Key Stage 2, GCSE and post 16 education and training. The effect of the pandemic, and now the cost-of-living crisis, on the academic progress of the BFF children is shown to be marked. We are aware that these effects will take sustained and ongoing attention to rectify and will remain a long term challenge for this generation of BFF children.
Finally, although raising funds has become more difficult through tough financial and economic conditions, BFF has out-performed expectations and delivered a strong result. As a result of the generosity of our supporters and hard work from the BFF team, BFF ended 2022 in an excellent financial position, helping the charity become more sustainable. We have continued to review and improve our business and financial planning and strategic development, and have developed an ambitious plan for further growth in the next year.
## **Financial review**
## **Review of the charity’s financial position at the end of the period**
During the year total income amounted to £89,232 and expenditure for the year totalled £74,196, making net income for the year of £15,036.
## **How we raised our money**
The Charity’s principal source of funding came from donations from individual donors (including trustees), charitable organisations and contributions from partner schools.
## **Grant Giving Organisations**
- Rotary Club York
- St. Edward the Confessor Parish Church
- Ed De Nunzio Charitable Trust Tang Hall Big Local
- ∙∙∙
- The Two Ridings Community Foundation
- Joseph Rowntree Housing Trust York Children's Trust Purey Cust George A. Moore Trust Nimbuscare Community Fund Bramall Foundation The Belfrey Fund Betty’s and Taylors Family Fund The National Lottery Awards 4 All
- ∙∙∙∙∙∙∙∙∙∙
- The National Lottery Awards 4 All
- Souter Charitable Trust
## **School contributions**
- Hob Moor Primary Academy
- ∙ Haxby Road Primary School
3
**Report of the Trustees for the period ending 31st December 2022**
The charities total income for the year was £89,232
This was split between Charitable Trusts and Foundations, private donations from individuals and school contributions.
- 7% Private donations
- 88% Charitable Trusts and Foundations
- 5% School contributions
## **How we spent our money**
Expenditure for 2022 was for the delivery of BFF programmes and core costs.
Total expenditure for the year was £74,196
75% BFF programme delivery 25% Core costs
During this period the Charity has delivered programmes in partnership with primary schools in Tang Hall, Haxby Road and Hob Moor in York.
Our programmes provide children with emotional wellbeing support though counselling, and life skills development through Family Activity Groups, both of which are essential for success in education, work and ultimately life.
The children that participate in BFF programmes are identified initially through the Income Deprivation Affecting Children Index (IDACI). This is a census measure of low and no income households in postcode areas across England. Children living in the 0-40% most disadvantaged postcode areas in England qualify for BFF programmes. Poverty impacts on what families can spend, and most families living in disadvantage cannot afford to cover basic essentials let alone send their children to out of school activities or other social development experiences, that children from more affluent backgrounds may be able to access more easily.
The second consideration is the readiness of the child and family to make progress in their education. We are mindful that for some families with multiple issues and agencies involved in their lives BFF may be an overload. This decision is made in partnership with the child’s parent/carer and school pastoral staff.
We have a strong working relationship with our therapeutic counselling partner organisation, Northpoint Wellbeing. BFF currently provides professional therapeutic counselling services for three days a week to children and their parent/carers participating in our programmes. The counsellor supports their emotional wellbeing and mental health needs. BFF and Northpoint meet regularly to discuss progress, problem solve and monitor child safeguarding concerns.
Once the child has completed their time with the counsellor they move onto a tailored life skill and resilience building programme delivered by BFF through our Family Activity Groups. A lot of the children BFF work with have never left the area they live in and rarely get access to the social development and learning opportunities. As a result, they grow up with a reduced or narrow view of the world and their fit within it which contributes to a lack of confidence and aspiration. Our groups allow the child, their parent/carer and their siblings come together once a week to spend time together doing activities they enjoy such as craft, playing outside and cooking and eating together. Our programme also funds our families to visit sites, venues and participate in other activities they otherwise wouldn’t have access to, such as museums, parks and sports and swimming facilities. This input will continue throughout the time the child spends as a participant of a BFF programme. If at any point it is thought to be necessary for the child and/or their parent/carer to return to the counselling service this is available to them.
We measure our impact by monitoring the emotional wellbeing, confidence and self-esteem, and engagement with school, of children and parents/carers. We also measure the academic progress of the children and compare it against expected progress and attainment measures. We are hoping in the longer term to see the children make improved progress and have improved academic outcomes compared to those expected from current data.
At the balance sheet date, the Charity had total funds of £45,018. Uncommitted reserves freely available for charitable activities were £15,988.
## **Statement explaining the policy for holding reserves stating why they are held**
The reserves policy of the Trustees is to keep 3 months of the operational and contracted costs as the reserves level required. This has been set at £20,222. Based on the Trustees risk assessment, this would enable the charity to fulfil its obligations in an event of unforeseen financial circumstances. The unrestricted reserves of £15,988 (2021 - £20,574) therefore don't quite meet the required level of three monthly expenditures of £20,222 as set by the Trustees. The level of unrestricted reserves is lower than the level set by trustees due to a large increase in restricted funds to cover salary costs in 2023 and an increase in income designated to the expansion of BFF services. A robust financial risk management process and strategic and operational plans are in place to manage the possibility of unforeseen expenditure, a shortfall in income, unforeseen cost increases due to inflationary pressure, or ultimately closure. Plans include a fundraising strategy to increase the charity's unrestricted income in 2023 and diversify the charity's funding base.
## **Plans for Future Periods**
BFF is entering an exciting period of growth and change. In 2023, as well as increasing our provision in our existing programmes, we plan to add a fourth primary school to the programme. We will also set up a new youth programme to support our eldest BFF children and their families as they move into secondary school.
4
## **Report of the Trustees for the period ending 31st December 2022**
In order to meet the needs of the children BFF has been supporting through primary school, BFF will expand its staff team and skills set to develop a new service offer to support the children as they move into secondary education in 2023. The new project will support young people during a key transitional period of their lives and throughout their secondary education. Following a process of consultation with our programme participants, the issues of anxiety, confidence, integration and socialisation have been highlighted as key concerns for young people moving into secondary school environments. BFF will support young people to build confidence and provide them with strategies and interventions to build resilience, improve their emotional health, wellbeing and life skills. The project is designed to enhance the experience of young people living in poverty through their formative years in secondary education and equip them for the next transition into further education, training or employment. We want all young people to leave school feeling they are equipped to contribute to society and society has something worthwhile to offer them. Over the next year, BFF will work with two secondary schools to provide young people with support activities, learning experiences outside of school, advocacy, and guidance and support to parents/carers. The project will be developed through consultation with and involvement of young people, parents/carers and schools. BFF plans to work closely with other local charities to offer mentoring, volunteering opportunities, wider youth focused activities and careers guidance.
BFF has written and implemented a three year strategic plan that runs from 2022-2024, which reflects our aims, needs, and ambitions for the charity. To achieve our ambitions we need to increase and diversify our fundraising, increase our staffing, improve our public profile, develop new partnerships with schools and other organisations in the sector, and increase our networks within the city of York. We are making good progress against achieving these ambitions and will continue to do so through 2023-24.
We are passionate about our work and are determined to ensure that as many children as possible from disadvantaged backgrounds can benefit from our programmes. We want our children to be inspired by our experiences and give them the confidence to try new things. We believe every child just needs the opportunity to discover their talents and realise their aspirations for the future. We know that this year and the following years are going to be challenging for children and schools. The impact of the pandemic and the increase in cost of living means life is going to be even more challenging for the families we support. Mental health and wellbeing needs, coupled with needing to catch up on missed education as well as social and emotional development is at the forefront of what BFF does. Our work as a charity has never been more needed.
The challenges facing small charities cannot be under-estimated, but we are confident that BFF will continue to develop and grow, supported by our funders, partners, and of course the children and families we work with.
## **Risk management**
The trustees maintain a risk register and have assessed the major strategic, business and operational risks which the Charity faces and seek to control these risks to mitigate any impact that they may have on the Charity. The main risk identified by the Trustees is a shortage of income over expenditure. The trustees and Chief Executive have a pro-active funding strategy in place and regularly review financial risk to ensure growth and sustainability for the organisation.
## **Structure, governance and management**
## **Description of the charity's trusts**
**Type of governing document**
The Big Futures Foundation (CIO), (the ‘‘Charity’’) was registered as a Charity on the 12 June 2017, number 1173374. The Constitution dated 30 May 2017 forms its governing document.
**How the charity is constituted** CIO **Trustee selection methods including** New Trustees may be appointed at any Trustees' meeting by a resolution of the Trustees and **details of any constitutional** recorded in the minutes. The minutes would be signed by the new Trustee to provide evidence of **provisions e.g. election to post or** appointment. **name of any person or body entitled to appoint one or more trustees**
## **Reference and administration details**
**Charity's full name** Big Futures Foundation **Other names the charity is known by Charity’s principal address** 19 Chestnut Avenue York YO31 1BR
5
**Report of the Trustees for the period ending 31st December 2022**
**Names of the trustees who manage the charity**
|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body) entitled to appoint trustee (if any)**|
|---|---|---|---|
|**Names and addresses of advisers**
Victor Klays
Joanna Styczewska
Mary Hodgson
Gillian Main
Jennifer Williams
resigned 23/02/2022
Samuel Atwell
resigned 02/01/2022
Sean Sweeney
Heather Elliott
resigned 22/02/2022
Claire Douglas
Chair
Gemma Fawcett
Treasurer||||
|**Type of adviser**|**Name**|**Address**|
|---|---|---|
|Outsource Accountancy Services & Independent Examinations
Hiscox Building, Peasholme Green
**Bankers**
CAF Bank
25 Kings Hill Avenue
York, YO1 7PR
Kings Hill, West Malling
Kent, ME19 4JQ
**Independent Examiner**
Karen Wood
ACMA,CGMA|||
|**Declaration**|||
|**This report was approved by the Board of Trustees**
**Signed on behalf of the charity's trustees**|||
|**Signature**||
|---|---|
|**Full Name**|Claire Douglas|
|**Position**|Chair of Trustees|
|**Date**|13/07/2023|
6
## **Independent examiner’s report to the trustees of Big Futures Foundation**
I report on the accounts of: **Big Futures Foundation** for the year ended: **31st December 2022** which are set out on pages 8 to 16
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- 2 the accounts do not accord with those records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **Karen Wood (ACMA)**
03/08/2023
**Date:**
Outsource independent examination service The Hiscox Building Peasholme Green York YO1 7PR
7
## **Big Futures Foundation**
## **Statement of Financial Activities for the year ended: 31st December 2022**
|**Note**
**Income and endowments from:**
Donations and legacies
3.1
Investment income
3.2
**Total income**
**3**
**Expenditure on:**
Charitable activities
4.1
**Total expenditure**
**4**
**Net income/(expenditure)**
**Gross transfers between funds**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Note**
**Income and endowments from:**
Donations and legacies
3.1
Investment income
3.2
**Total income**
**3**
**Expenditure on:**
Charitable activities
4.1
**Total expenditure**
**4**
**Net income/(expenditure)**
**Gross transfers between funds**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
19,869
69,324
89,193
34,518
39
-
39
-|
|---|---|---|
|||**19,908**
**69,324**
**89,232**
**34,518**|
|||24,494
49,702
74,196
55,770|
|||**24,494**
**49,702**
**74,196**
**55,770**|
||||
|||**(4,586)**
**19,622**
**15,036**
**(21,252)**|
|||-
-
-
-|
|||**(4,586)**
**19,622**
**15,036**
**(21,252)**|
|||20,574
9,408
29,982
51,234|
|||**15,988**
**29,030**
**45,018**
**29,982**|
8
## **Big Futures Foundation**
## **Balance Sheet as at:**
## **31st December 2022**
|**Note**
**Fixed Assets**
Tangible assets
**8**
**Current Assets**
Cash at bank and in hand
**7**
Debtors & prepayments
**9**
**Current Liabilities: Amounts falling due**
**within one year**
Creditors and accruals
**10**
**Funds of the Charity**
Unrestricted Funds (General)
**11**
Restricted Funds
**11**
**11 & 12**
**Total Current Assets**
**Total Fixed Assets**
**Net current assets/(liabilities)**
**Total Funds Carried Forward**
**Total assets less current liabilities**|**2022**
**474**
53,891
1,050
**54,941**
(10,397 )
**44,544**
**45,018**
15,988
29,030
**45,018**|**2021**
**666**|
|---|---|---|
|||37,640
231|
|||**37,871**|
|||(8,555 )|
|||**29,316**|
||||
|||**29,982**|
|||20,574
9,408|
|||**29,982**|
The financial statements were approved by the trustees and signed on their behalf by:
Claire Douglas **Chair of trustees** 02/08/2023
Gemma Fawcett **Treasurer** 02/08/2023
9
**Big Futures Foundation**
## **Notes to the accounts for the year ended:**
## **31st December 2022**
## **1 Basis of preparation**
## **1.1 Basis of accounting**
The Big Futures Foundation is a charity established by constitution dated 12 June 2017. The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements are prepared under the historical cost convention and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102)).
## **1.2 Change of basis of accounting**
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
## **1.3 Change to previous accounts**
No changes have been made to accounts for previous years.
## **2 Accounting policies**
## **Income and endowments**
## **Recognition of income**
Income is recognised in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- receipt is probable; and
- the monetary value can be measured with sufficient reliability.
## **Incoming resources with related expenditure**
Where incoming resources have related expenditure, the incoming resources and related expenditure are reported gross in the SoFA.
## **Grants and donations**
Grants and donations are only included in the SoFA when the charity has evidence of entitlement to the resources and receipt is probable.
## **Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
## **Expenditure and Liabilities**
## **Expenditure**
## **Raising funds**
Cost of raising funds comprise those costs associated with attracting voluntary income.
## **Charitable activities**
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Liability recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
10
## **Big Futures Foundation**
## **Assets**
## **Tangible fixed assets for use by the charity**
These are capitalised if they can be used for more than one year and cost at least £200. They are valued at cost or, if gifted, at the value to the charity on receipt, less depreciation. Depreciation is charged at 25% straight line method.
## **Fund accounting**
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor.
11
## **Big Futures Foundation**
## **Notes to the accounts for the year ended: 31 December 2022**
|**3.1**
School contributions
**3.2**
Bank interest
**4.1**
Sundry costs
**Total expenditure**
Advertising & web development
Insurance
Independent examination
Depreciation
Consultancy fees
Accountancy fees
IT costs
Office costs
Administrative costs
Meeting costs
Bank charges
Counselling fees
Activity costs
DBS ,accreditations & licences
Rent & room hire
Equipment, repairs & renewals
**Charitable activities**
Staff salaries
Staff training & travel expenses
Volunteer expenses
**Total income**
Gift Aid
**Donations and legacies**
Grants
Donations and legacies
**Investment income**|**Unrestricted**
**Restricted**
**funds 2022**
**funds 2022**
**£**
**£**
13,969
64,574
4,848
0
-
1,052
-
-
4,750
19,869
69,324
39
-
**19,908**
**69,324**
**Unrestricted**
**Restricted**
**funds 2022**
**funds 2022**
**£**
**£**
11,725
16,176
611
113
-
-
-
26,932
-
6,451
319
-
-
30
218
-
478
-
63
-
8,493
-
236
-
81
-
67
-
308
-
440
-
990
192
-
-
-
273
-
**24,494**
**49,702**
**24,494**
**49,702**|**Unrestricted**
**Restricted**
**funds 2022**
**funds 2022**
**£**
**£**
13,969
64,574
4,848
0
-
1,052
-
-
4,750
19,869
69,324
39
-
**19,908**
**69,324**
**Unrestricted**
**Restricted**
**funds 2022**
**funds 2022**
**£**
**£**
11,725
16,176
611
113
-
-
-
26,932
-
6,451
319
-
-
30
218
-
478
-
63
-
8,493
-
236
-
81
-
67
-
308
-
440
-
990
192
-
-
-
273
-
**24,494**
**49,702**
**24,494**
**49,702**|**Total**
**2022**
**£**
78,543
4,848
1,052
4,750
89,193
39
**89,232**
**Total**
**2022**
**£**
27,901
724
-
26,932
6,451
319
30
218
478
63
8,493
236
81
67
308
440
990
192
-
273
**74,196**
**74,196**|**Unrestricted**
**funds 2021**
**£**
5,600
4,281
79
-|**Restricted**
**funds 2021**
**£**
17,058
7,500
-
-|**Total**
**2021**
**£**
22,658
11,781
79
-|
|---|---|---|---|---|---|---|
||19,869|69,324||9,960|24,558|34,518|
||||||||
||39|-||-|-|-|
||||||||
||**19,908**|**69,324**||**19,920**|**49,116**|**69,036**|
||**Unrestricted**
**funds 2022**
**£**
11,725
611
-
-
-
319
-
218
478
63
8,493
236
81
67
308
440
990
192
-
273|**Restricted**
**funds 2022**
**£**
16,176
113
-
26,932
6,451
-
30
-
-
-
-
-
-
-
-
-
-
-
-||**Unrestricted**
**funds 2021**
**£**
131
-
-
-
-
-
(130 )
-
288
5
6,007
-
96
-
360
400
80
-
95|**Restricted**
**funds 2021**
**£**
13,692
170
-
26,808
2,523
-
1,050
-
-
-
224
-
-
206
-
-
-
3,765
-|**Total**
**2021**
**£**
13,823
170
-
26,808
2,523
-
920
-
288
5
6,231
-
96
206
360
400
80
3,765
95|
||**24,494**|**49,702**||**7,332**|**48,438**|**55,770**|
||||||||
||**24,494**|**49,702**||**7,332**|**48,438**|**55,770**|
12
**Big Futures Foundation**
## **Notes to the accounts for the year ended:**
## **31st December 2022**
## **5 Examination fees**
|**2022**
**Fees for examination of the accounts**
**£**
**440**
**6 Staff costs and emoluments**
**2022**
**£**
27,034
701
166
**27,901**
**2**
**7**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
24,799
29,030
53,829
62
-
62
**24,861**
**29,030**
**53,891**
**8**
**Computers**
**Equipment**
**£**
**£**
**Cost or valuation**
535
230
-
-
At 31st Dec 2022
**535**
**230**
**£**
**£**
22
0
77
134
58
**134**
**135**
**£**
**£**
**401**
**95**
**513**
**153**
At 31st Dec 2021
At 31st Dec 2022
At 31st Dec 2022
**Fixed assets**
Gross wages
Independent Examiner's fees for reporting on the accounts
Employers National Insurance
Employers pension contributions
Average number of employees
**Cash at bank and in hand**
CAF bank account
Cash in hand
Charge for the year
**Depreciation**
At 1st Jan 2022
Additions in year
**8.1 Tangible fixed assets**
**Net Book Value**
At 1st Jan 2022|**2021**
**£**|
|---|---|
||**400**|
||**2021**
**£**
13,823
-
-|
||**13,823**|
|||
||**2**|
||**Total**
**2021**
**£**
37,238
402|
||**37,640**|
||**Total**
**£**
765
-|
||**765**|
||**£**
99
192|
||**291**|
||**£**|
||**474**|
|||
||**666**|
13
## **Big Futures Foundation**
## **9 Debtors and prepayments**
|**Amounts falling due within one year**
Gift aid
**10 Creditors and accruals**
Accruals
Trade debtors
**Amounts falling due within one year**
Creditors
Prepayments|**2022**
**£**
480
545
25|**2021**
**£**
-
-
231|
|---|---|---|
||**1,050**|**231**|
||**2022**
**£**
1082
9,315|**2021**
**£**
7268
1,287|
||**10,397**|**8,555**|
## **11 Movement of funds**
## **11.1 Movement of major funds**
|**2022**
**Fund Name**
General funds
**Restricted Funds**
National Lottery
Nimbus
THBL
George Moore Trust
Rotary
Williams
Primes
B&Q
JRHT
Cost of Living
YCT
Belfery
Bramall
School Contributions
**Counselling**
THBL
JRHT
Nimbus
Purey Cust
Williams
YCT
School Contributions
**Unrestricted Funds**
**Family activity group**|**Balance**
**b/fwd**|**Incoming**
**resources**|**Outgoing**
**resources**|**Transfers**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Balance**
**c/fwd**|
|---|---|---|---|---|---|
||20,574|19,908|24,494||15,988|
||-
-
1,286
-
-
-
-
-
-
-
-
-
-
1,774||-
2,250
4,286
2,086
500
-
600
300
2,495
816
2,495
1,752
-
2,688||9,900
-
-
-
-
4,000
-
-
-
1,184
-
4,400
586|
|||9,900
2,250
3,000
2,086
500
4,000
600
300
2,495
2,000
2,495
1,752
4,400||||
|||1,500||||
||3,060|37,278|20,268||20,070|
||1,660
-
-
-
-
2,188|6,000
4,489
2,250
2,500
4,068
4,489
3,250|7,660
4,489
2,250
2,500
108
4,489
5,438||-
-
-
-
3,960
-
-|
||3,848|27,046|26,934||3,960|
14
## **Big Futures Foundation**
|Betty's & Taylor's
Step change
**Total Restricted**
**Total Funds**
**2021**
**Fund Name**
General funds
**Restricted Funds**
National Lottery
Awards for All
THBL
JRHT
Rotary
School Contributions
**Counselling**
National Lottery
THBL
JRHT
Ed de Nunzio
School Contributions
COVID 19
Step change
**Total Restricted**
**Total Funds**
**Unrestricted Funds**
**Family activity group**|-
2,500|5,000
-|-
2,500|-
-
-
**-**
**Transfers**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**|5,000
-|
|---|---|---|---|---|---|
||9,408|69,324|49,702||29,030|
|||||||
||**29,982**|**89,232**|**74,196**||**45,018**|
||**Balance**
**b/fwd**|**Incoming**
**resources**|**Outgoing**
**resources**||**Balance**
**c/fwd**|
||17,946|9,960|7,332||20,574|
||5,281
4,630
1,807
1,807
-
-|-
3,420
500
3,122|5,281
4,630
3,941
1,807
500
1,348||-
-
1,286
-
-
1,774|
||13,525|7,042|17,507||3,060|
||10,766
214
2,160
-|4,380
-
8,758
4,378|10,766
2,934
2,160
8,758
2,190||-
1,660
-
-
2,188|
||13,140|17,516|26,808||3,848|
||61
6,562|-
-|61
4,062||-
2,500|
||33,288|24,558|48,438||9,408|
|||||||
||**51,234**|**34,518**|**55,770**||**29,982**|
## **11.2 Description of restricted funds**
As the funding for each of the restricted funds is coming from several donors, the funding has been shown from each donor for clarity.
15
**Big Futures Foundation**
## **11.2 Details of Funds Held**
## **Unrestricted Funds General**
The general fund is unrestricted and available for general purposes.
## **Restricted Funds**
The restricted funds are only available for the purposes specified for each fund, which are:
## **Family Activity Group**
Our Family Activity Groups are the method by which BFF delivers it's life skill development programme. The groups meet at three locations in York on a weekly basis and give an opportunity for families (parents/carers, BFF children and their siblings) to come together to socialise, access support structures, do the activities they know they love to do together such as playing outside, cooking and eating together .
## **Counselling**
BFF provides a counselling service to our families (both adults and children) on three days a week.
## **Betty's & Taylor's**
To fund the post of Fundraiser Manager until 2023.
## **Step change**
The Step Change Grant is administered by Two Riding Community Foundation and has been established by the generosity of the Joseph Rowntree Charitable Trust to provide organisations based in the City of York with the opportunity to apply for funding which can contribute to the running costs of their organisation and within this also provide the necessary ‘step change’ needed to increase their capacity to respond to needs in their particular community and take their organisation towards sustainability and/or expansion.
## **12 Net assets between funds**
|Current assets
Current assets
Current liabilities
Fixed assets
**Balances at 31st December 2021**
Fixed assets
Current liabilities
**Balances at 31st December 2022**|**Unrestricted**
**Funds**
**£**
474
17,475
(1,961)|**Restricted**
**Funds**
**£**
-
37,466
(8,436 )
**29,030**
**Restricted**
**Funds**
**£**
-
17,343
(7,935 )
**9,408**|**Total**
**2022**
**£**
474
54,941
(10,397 )|
|---|---|---|---|
||**15,988**||**45,018**|
||**Unrestricted**
**Funds**
**£**
666
20,528
(620 )||**Total**
**2021**
**£**
666
37,871
(8,555)|
||**20,574**||**29,982**|
16