Big Futures Foundation (A Charitable Incorporated Organisation) Charity Number 1173374 Trustees. Annual Report & Financial Statements for the year ended 31st December 2023 Charity accounts preparation & independent examination service
Big Futures Foundation Charity number 1173374 Contents Index Page Trustees Annual Report Independent Examiner's Report 14 Statement of Financial Activities 15 Balance Sheet 16 Notes to the Accounts 17
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report The Trustees present their annual report together with the financial statements of the Charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2015) (amended 2 February 2016) as detailed in the accounting policies. Charity's full name: Big Futures Foundation Registered charity number: 1173374 From: 1st Janury 2023 To: 31st December 2023 lobjectives 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 ski115, 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 subjert 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, third sector, 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. Our Mission Every child should have the support they need to make the most of their school career. We want Big Futures Foundation (BFF) children and young people to be their best. To grow into adults that are happy in their personal and work lives and are proud to be themselves. BFF supports children living in disadvantaged communities from age 5 through to when they start work. We help children and young people, 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 at work. We believe that every child or young person should have the opportunity to build a great life for themselves and fulfil their potential.
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report Summary of the main activities in relation to those purposes for the public benefit, in particular, the activitiesi projects or services identified in the accounts Our Soclal Objectlves: To ease the path of BFF children and young people through the education system. To close the educational attainment gap between disadvantaged and non-disadvantaged children and young people. To help BFF young people to move into meaningful and stable employment when the time comes. To help BFF young people to develop into adults engaged in the society they live in and who are proud to be themselves. What We Do: Provide therapeutic counselling services for children and young people, and their parent/carers. Develop and deliver tailored life skill and resilience development programmes for children and young people and their families. Support the whole family with various challenges they may face, and provide signposting to other organisations and agencies when required. Statement of Public benefit The Trustees confi'rm 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 2023 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.
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report Wchievements and Performance Summary of the main achievements of the charityi 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 Every individual and organisation involved in BFF has an awful lot to be proud of as we look back on 2023. We started the year with high expertations and an ambitious plan for expansion as our eldest BFF children moved on from primary school to secondary school in September. This is a hugely important milestone for BFF. Having started delivery of services in two York primary schools in January 2018, this fi'rst cohort of children were in year l and four or five years old. l am tremendously proud of all the BFF children and their families, particularly and at this point of those who have moved into year 7 over the past year. They are showing themselves to be determined and resilient young people and their part in the ongoing fabric and development of BFF cannot be understated. I wish them and their families all the very best for this new chapter of their lives and BFF is in the process of adapting to stand alongside them, both the young people and their parents and care givers, to provide them with the opportunities and support they have told us they need and want to see. The latest chapter of BFF'S development, during 2023, has seen us move into working in our fourth York primary school, Westlield Community Primary, and our first two York secondary schools, Archbishop Holgate's and Joseph Rowntree Schools. These are new working relationships and ways of working are still being developed. I look forward to seeing these important partnerships developing further over the coming years and thank the school staff for your time and commitment to BFF. The BFF staff team has expanded over the year in preparation for the new schools coming into our programmes and the delivery of the new BFF youth programme. The new staff working alongside and supporting our young people have brought a fresh dimension to our organisation and I whole heartedly welcome them to BFF and thank them for the passion, vitality, and calm support they provide to the children, young people and their families. We are a much stronger organisation with you. The new staff are sUPPOrted in their work and assimilation into BFF by our longer serving staff team. I really cannot emphasise what a fantastic team we have, and I feel honoured to work alongside them and see their work and our organisation develop. Thank you to them all. I would particularly like to commend Michelle Foulks, Chief Executive and Louisa Wilson, Family Activity Group Leader for everything they have done over 2023 and in their previous years of service. Jan Strong and Sonja Sedran our fundraising and finance team are hugely skilful and highly important for our success. BFF simply wouldn't be where it is now without you all. would also like to thank our team of trustees. A fantastic combination of long serving and new people. A hugely valuable and impressive range of skills and experiences. All thoroughly committed to the betterment of BFF and the progress of our children, young people and their families. Thank you for everything you do. 2023 has been a year of change and development for BFF and I look forward to seeing this new look team stabilise and solidify in 2024. BFF will add a third secondary school to our partnerships in September 2024 as our second cohort of children move into year 7. We are very much looking forward to welcoming them to the BFF family. It cannot be underestimated how important for the delivery of our 2023 programme our funders have been. We have sizeable and significant support from a number of trusts, grants and organisations. We are moving into trusted, multiyear funding agreements. A sign of BFF maturing in its approach to it's work and vision for the future. Thank you to all who have supported BFF across the year including our hugely important regular giving individuals.
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report BFF is most certainly going from strength to strength and the sense of optimism around the organisation is fantastic to see. But, the challenges that exist across our network of families and partners cannot be ignored. The impacts of organisational inflationary cost increases and the continued rise in the cost of living for our families are huge. Making ends meet is getting harder and harder for families and this has ongoing and long-term impacts on so many aspects of their lives, both adults and children. BFF does everything it can to support in this area, but we must see a fairer approach within work terms and conditions, the benefits system, and utility, food and housing costs if there is to be any positive impact on household budgets. It is also clear that budget levels within our partners schools are just not covering running costs. The hard decisions that are having to be made across our partner schools, of course, have an impact on the school experience of our children and young people. This needs to be urgently reviewed by central government. l am also intensely aware that as Local Authority budgets are stretched to breaking point and necessarily focussed down into statutory services the availability of funding sources for voluntary sector services is becoming more limited. This is understandably pushing competition for grants and trust funding up. This is a challenging outlook for the voluntary sector that BFF sits within alongside other partners. Finally, looking back on 2023, 1 continue to be tremendously proud of BFF and every part of our organisation. We are moving forward together in a tremendously optimistic and positive nature. We understand our strengths and our challenges and are looking forward to 2024. 1 would like to thank you all for your support and commitment and look forward to starting another year as Founder and Chair of Trustees of such a driven, innovative and caring organisation. 2024 here we come. Claire Douglas Chair of Trustees Achievements 2023 has been a transformational year for BFF, and our most successful yet: we have increased our income, and our charitable spend, launched two new programmes, helped more children and young people and families than ever, and had huge positive impacts on the lives of our beneficiaries, and in turn local communities. BFF is unique in York in offering long term support for disadvantaged children and young people, and their families. We've had a great year of growth and development - increasing income to over £IOO,000 which means we have been able to expand our services to help more children and young people in York. 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 young people 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 and young people to develop the life skills necessary for full engagement and benefit from their education. During 2023, 20 new children joined the BFF programme, bringing the total number of families we now work with to over 80; over 170 individuals now benelit from our programme, including BFF children and young people, parentslcarers and siblings.
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report We believe in encouraging all to develop and learn new skills and encourage positive activities and stimulating opportunities to raise self-esteem, aspirations and a sense of belonging. We continue to provide a wide range of artivities and opportunities through our programme to the children and young people we support. Activities have included arts and crafts, growing fruit and vegetables and learning how to cook, baking, learning about other cultures, and various sporting artivities. 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 trip to a climbing wall, swimming, local parks, bowling, soft play, a farm, and the theatre. Children and young people can only aspire to what they know exists, and we give children and young people a glimpse of the wider world to show them opportunities that they do not know exist. BFF creates new opportunities for children, young people, and their families to rouse ambition, motivation, and aspiration for their long-term future. The long-term impart of our charities work is that we will increase the children's and young people'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 everyone should have an opportunity to build a great life. 800/0 of those who participated in the BFF counselling service in 2023 saw an improvement in their wellbeing, measured by an adapted version of the Good Childhood Index. Teachers, parents and other adults around each child and young person 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. 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. IOOO/o of those worked with said that the service helped and that they were treated well. The project makes a huge difference to the lives of our beneficiaries and this has been evidenced by feedback surveys carried out with BFF children and young people, their families and school staff. Some of the comments we received from parents/carers and teachers were.. '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, '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.
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report Comments from children and young people include: 'BFF youth group 15 great and fun and I really enjoy it, 'Going to big school was hard at first but now I really enjoy it, 'BFF really help5 With my mood, 'Moving to a new school has been challenging but BFF is amazing, 'Knowing I have BFF to look forward to when school makes me sad really helps,. As the children and young people age, we hope to see these imparts 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 SLJStained 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 expertations and delivered a strong result. As a result of the generosity of our supporters and hard work from the BFF team, BFF ended 2023 in an excellent financial position. We have continued to review and improve our business and financial planning and strategic development, and have developed a plan to see BFF become more financially stable and sustainable in 2024, allowing further future growth to support even more children and young people in the future.
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report anclal Revle During the year total income amounted to £108,815 and expenditure for the year totalled £96,823, making a surplus for the year of £1 1,992. At the balance sheet date. the Charity had total funds of £57.010. Uncommitted reserves freely available for charitable activities were £24,102. 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. School contributions: Hob Moor Primary Academy Private donations include: York Rotary Club st. Edward the Confessor Parish Church Grant Giving Organisations: Ed De Nunzio Charitable Trust Williams Fund Tang Hall Big Local The Two Ridings Community Foundation Purey Cust George A Moore Trust Nimbuscare Community Fund Bramall Foundation The Co-op Community Fund Joseph Rowntree Trust Scurrah Wainwright Albert Hunt Trust Hillards Trust Shepherd Group Masonic Charitable Trust The Belfrey Fund Betty's and Taylors Family Fund The National Lottery Awards 4 All Ways to Wellbeing Benenden Health Dulverton Trust The charities total income for the year was £ 108,815. This was split between Charitable Trusts and Foundations, private donations from individuals and school contributions. 590/0 30/0 380/0 _ Private donations Charitable Trusts and Foundations School Contributions
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report How we spent our money Expenditure for 2023 was for the delivery of BFF programmes and core running costs. Total expenditure for the year was £96,823. During this period the Charity has delivered programmes in partnership with primary schools in Tang Hall, Haxby Road, Hob Moor, and Westfield, and two secondary schools in York. Our programmes provide children and young people with emotional wellbeing support though counselling, and life skills development through Family Artivity Groups, our Youth Programme and school holiday programmes, all of which are essential for success in education, work and ultimately life. The children and young people 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 0-40Wo 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 and young people to out of School activities or other social development experiences, that children and young people from more affluent backgrounds may be able to access more easily. The second consideration is the readiness of the child or young person, and their 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 parenvcarer 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 four days a week to children and young people 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. On referral, a child will fi.rst spend time with the counsellor. Once their course of counselling is complete, they move onto a tailored life skill and resilience building programme delivered by BFF through our Family Artivity 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 artivities 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 andlor their parent/carer to return to the counselling service this is available to them.
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report Once a child reaches the age of eleven they will join our Youth Programme. Here they will continue to be supported with their wellbeing and build on life skills, while being supported through the transition in to secondary school. As part of the Youth Programme, young people are invited to attend a weekly youth session, run by an experienced youth leader, where they will continue to try out new activities, socialise with other young people, and build on their confidence and resilience. Young people participating in the BFF youth programme are also supported with their school journey, with our youth leader working closely with secondary schools. For the first time, BFF young people are also taken on trips and out on activities with BFF without their parents/carers, to help build their independence as they grow older. BFF provides a lifeline for children and young people, helping them to gain essential life skills and fulfil their potential. We know that our work transforms young people's mental health and wellbeing, confidence, behaviour, engagement with school and builds aspirations and resilience that enable young people to take control of their futures. We measure our impart by monitoring the emotional wellbeing, confidence and self-esteem, and engagement with school, of children and young people 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. statement explaining the policy for holding reserves stating why they are held The reserves policy of the Trustees 15 to keep an equivalent of three months operational and contracted costs currently a target of £26,745. Our current reserves at the end of the financial year are £24, 102 which is 900/0 of the target. This is an improvement from/comparable to 2022 but still doesn't meet the level set by the reserves policy. This is due to an increase in income designated to the expansion of BFF services and use of some unrestricted funds to cover salary costs. A robust financial risk management process and strategic and operational plans are in place to manage the possibility of unforeseen expenditure or cost increases, and a shortfall in income. Plans include fundraising strategy to increase the charity's unrestrirted income in 2024 and diversify the charity's funding base
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report Plans for Future Periods As we move into 2024 BFF will consolidate and work on becoming more financially sustainable. While ensuring we continue to run current services, we will also adapt to the needs of the children and young people we support as needed, and aim to enrol a further 20 children onto our programme5 in 2024. We will continue to regularly obtain feedback from the children and parents/carers we support through our Life Skills programme, to ensure we are providing them with support they want and need. We will also continue our close relationships with the primary schools we work with, to ensure the children we support are getting the most out of their education. In recent consultation with the families who attend our Family Activity Groups, we are also planning summer trips to York Maze, the seaside, and a farm. As well as continuing to support the young people currently on our new youth programme, in 2024 a further 10 young people will join the programme. We have already begun supporting these children as they embark on their transition into secondary school. This is in the form of bi-weekly sessions with our youth worker, who spends time getting to know them, building relationships within the group, and coordinating activities. In addition, we have started work with a third secondary school, York High School, so we can support more disadvantaged young people in York. Our work with all three secondary schools in the next few months will include extra support for BFF children as they transition from primary in to their new secondary schools in September. This will include extra visits to secondary school and work out-of- school with our youth worker. 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 three secondary schools to provide young people with support activities, learning experience5 Outside of school, advocacy, and guidance and support to parents/carer5. The project will be developed through consultation with and involvement of young people, parentslcarers and schools. BFF plans to work closely with other local charities to offer mentoring, volunteering opportunities, wider youth focused activities and careers guidance. Thanks to increased funding BFF has also been able to invest in key staff members, to allow our programmes to grow and flourish, allowing us to work towards our ambitions for a better future for children and young people living in poverty. 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. This will be reviewed this year and an up to date plan will take us into 2025 and beyond. To achieve our ambitions for 2024 we need to increase and diversify our fundraising, improve our public profi"le, develop new partnerships with 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 2024. 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 10
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report 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 5UStainability for the organisation. Structurei 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 details New Trustees may be appointed at any Trustees, of any constitutional provisions e.g. election meeting by a resolution of the Trustees and to post or name of any person or body recorded in the minutes. The minutes would be entitled to appoint one or more trustees signed by the new Trustee to provide evidence of appointment. 11
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report erence an minis ra ion ai Charity's Full Name: Big Futures Foundation Charity number: 1173374 Charity's principal address 19 Chestnut Avenue, York, Y031 IBR Names of the trustees who manage the charity Trustee name Office (if any) Dates acted if not whole year Name of person entitled to appoint trustee Claire Douglas Chair Sean Sweeney Victor Klays Samuel Atwell Mary Hodgson Gillian Main Gemma Fawcett Treasurer Resigned 28109123 Christine Marmion- Lennon From 22112123 Names and addresses of advisers Type of advisor Name Address Independent Examiner Karen Wood ACMA, Outsource Accountancy Services & Independent CGMA Examinations Hiscox Building, Peasholme Green York, YOI 7PR CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Bankers CAF Bank 12
Big Futures Foundation (Charlty Number 11733741 bi9 foundation Trustees. Annual Report |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 22105124 13
Big Futures Foundation (Charlty Number 11733741 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 2023 Which are set out on pages 15-27 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 20 11 ('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 confi'rm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 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. 2810512024 Karen Wood ACMA, CGMA Outsource independent examin8tion service The Hiscox Building Peasholme Green York YOI 7PR Date 14
Big Futures Foundation (Charlty Number 11733741 Statement of Financial Activities for the year ended: 31st December 2023 Unrestricted Restricted funds funds 2023 Total 2022 Total Income and endowments from: Note Donations and legacies 41,957 66,749 108,706 89,193 Investment income 109 109 39 Total income 42,066 66,749 108,815 89,232 Expenditure on Note Charitable activities 33,844 62,979 96,823 74,196 Total expenditure 33,844 62,979 96,823 74,196 Net income/(expenditure) 8,222 3,770 11,992 15,036 Gross transfers between funds {108) 108 Net movement in funds 8,114 3,878 11,992 15,036 Total funds brought forward 15,988 29,030 45,018 29,982 Total funds carrled forward 24,102 32,908 57,010 45,018 15
Big Futures Foundation (Charlty Number 11733741 Balance sheet as at: 31st December 2023 Note 2023 2022 Fixed assets Tangible assets 282 474 Total fixed assets Current assets Cash at bank and in hand 62,401 53,891 Debtor5 and prepayments 5,701 1.050 Total current assets 68,102 54,941 Current liabilities: amounts falling due within one year Creditors and accruals io (11,374) (10,397) Net current assets/liabilities 56.728 44.544 Total less current liabilities 57.010 45.018 Funds of the charlty unstrICted Funds {General) li 24,102 15,988 Restricted Funds li 32,908 29,030 Total funds carrled forward 57,010 45,018 The financial statements were approved by the trustees and signed on their behalf by.. Claire Douglas Chair of trustees Victor Klays Trustee 16
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 l. 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 I 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. 2. Accounting policies Income and endowments Recognition of incoming resources These are included in the Statement of Financial Activities (SOFA) when.. the charity becomes entitled to the resource5; 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. 17
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 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 artivities and services. It includes both costs that can be allocated directly to such artivities and those costs of an indirect nature necessary to support them. Liability recognition Charitable artivities 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 attivities and those costs of an indirect nature necessary to support them. 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 25010 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. 18
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 3. Analysis of income Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022 funds 2023 funds 2023 funds 2022 funds 2023 3.1 Donations and legacies Grants 20,800 43,250 64,050 13,969 64,574 78,543 Donations and legacies 21,001 19,749 40,750 4,848 4,848 Gift Aid 156 156 1,052 1,052 School contributions 3,750 3,750 4,750 4,750 41,957 66,749 108,706 19,869 69,324 89,193 3.2 Investment income Bank interest 109 109 39 39 Total Income 42,066 66,749 108,815 19.908 69.324 89,232 19
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 Unrestricted Restricted Total 2023 Unrestricted Restricted Total 2022 funds 2023 funds 2023 funds 2022 funds 2023 4. 1 Charitable activities Staff salaries 27,525 27,381 54,906 11,725 16,176 27,901 Staff training & travel expenses Counselling fees 808 125 933 611 113 724 31,424 31,424 26,932 26,932 Activity costs 3,667 3,667 6,451 6,451 DBS, accreditations & licences Rent & room hire 153 153 319 319 311 311 30 30 Equipment, repairs & renewals IT costs 218 218 423 423 478 478 Office costs 24 24 63 63 Administrative costs 7,929 7,929 Meeting costs 332 332 236 236 Bank charges 60 60 81 81 Advertising & web development Insurance 58 58 67 67 414 414 308 308 Independent examination 480 480 440 440 Accountancy & payroll fees 3,264 3.264 1,554 1,554 Depreciation 192 192 192 192 Consultancy fees Sundry costs iii 71 182 273 273 33,844 62,979 96,823 24,494 49,702 74,196 Total expenditure 33,844 62.979 96,823 24.494 49.702 74,196 20
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 5. Examination fees 2023 2022 Independent Examiner's fees for reporting on the accounts 480 440 6. Staff costs & emoluments 2023 2022 Gross wages 54,482 27,901 Employers National Insurance 701 Employers pension contributions 424 166 54,906 28,768 Average number of employees No employees recieved emoluments in excess of £60,000 (2022.. Nil) Unrestricted funds Restricted funds Total 2023 Total 2022 7. Cash at bank and in hand CAF bank account 24,415 37,986 62,401 53,829 Cash in hand 62 24,415 37,986 62,401 53,891 8. Fixed assets 8.1 Tangible fixed assets Computers Equipment Total Cost or valuation At 1st Jan 2023 535 230 765 Additions in year At 31st Dec 2023 535 230 765 Depreclatlon At 1st Jan 2023 156 135 291 Charge for the year 134 58 192 At 31st Dec 2023 290 193 483 Net Book Value At 31st Dec 2023 245 37 282 At 31st Dec 2022 379 95 474 21
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 9. Debtors & prepayments 2023 2022 Amounts falling due within one year Trade debtors 480 Gift aid 701 545 Prepayments 5,000 25 5,701 1,050 10. Creditors and accruals 2023 2022 Amounts falling due within one year Creditors 1,082 Accruals 11,374 9,315 11,374 10,397 11. Movement of funds 11. l Movement of major funds 2023 Balance b/ fwd Incoming resources Outgoing resources Transfers Balance c/ fwd Fund Name Unrestricted Funds General funds 15,988 42,066 33,844 (108) 24,102 22
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 Balance b/ fwd Incoming Outgoing resources resources Transfers Balance cl fwd Restricted Funds Family activity group National Lottery 9,900 8,431 1,469 Williams 4,000 4,000 Cost of Living 1,184 775 409 Bramall 4,400 4,400 School Contributions 586 1,500 2,086 Coop Community Fund 749 749 Tang Hall Big Local 2,250 827 1,423 JRHT 1,000 17 983 TRF Belfrey 1,954 1,898 56 Scurrah Wainwright 2,500 2,500 20,070 9,953 22,434 7,589 Counselling Williams 3,960 4,068 108 THBL 4.500 4,500 JHRT 3,000 3,000 Coop Community Fund 2,000 2,000 Purey Cust 10,000 10,000 Ed De Nunzio 2,400 2,400 TRF Belfrey 3,064 3,046 TRF Dulverton 2,000 2,000 Scurrah Wainwright 1,000 1,000 Albert Hunt 4.000 4,000 Benenden 5,000 3,160 1,840 Wellbeing Trust 7,000 7,000 School Contributions 2,250 2,250 3,960 46,196 31,424 108 18,840 23
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 Balance b/ fwd Incomlng resources Outgolng resources Transfers Balance c/ fwd Youth Programme Ed De Nunzio 7,600 4,121 3,479 TRF Dulverton 3,000 3,000 10,600 4,121 6,479 Betty's & Taylor's 5,000 5,000 Total Restricted 29,030 66,749 62,979 108 32,908 Total Funds 45,018 108,815 96,823 57,010 Transfer of funds There was a slight overspend of the Williams grant that was met by a transfer from unrestricted funds 24
Big Futures Foundation Icharity Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 2022 Balance b/ fwd Incoming resources Outgoing resources Transfers Balance c/ fwd Fund Name Unrestricted Funds General funds 20,574 19,908 24,494 15,988 Restricted Funds Family activity group National Lottery 9,900 9,900 Nimbus 2,250 2,250 THBL 1,286 3,000 4,286 George Moore Trust 2,086 2,086 Rotary 500 500 Williams 4,000 4,000 Primes 600 600 B&Q 300 300 JHRT 2,495 2,495 Cost of Living 2,000 816 1,184 2,495 2,495 Belfrey 1,752 1,752 Bramall 4,400 4,400 School Contributions 1,774 1,500 2,688 586 3.060 37.278 20.268 20.070 25
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 Balance b/ fwd Incoming resources Outgoing resources Transfers Balance c/ fwd Counselling THBL 1,660 6,000 7,660 JRHT 4,489 4,489 Nimbus 2,250 2,250 Purey Cust 2,500 2,500 Williams 4,068 108 3,960 4,489 4,489 School Contributions 2,188 3,250 5,438 3,848 27,046 26,934 3,960 Betty's & Taylors 5,000 5,000 Step Change 2,500 2,500 Total Restricted 9,408 69,324 49,702 29,030 Total Funds 29,982 89,232 74,196 45,018 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. 11.2 Details of Funds Held Unrestricted Funds General The general fund is unrestricted and available for general purposes. 26
Big Futures Foundation (Charlty Number 11733741 Notes to the Accounts for the year ended: 31st December 2023 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 (parentslcarers, 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. Youth Programme The Youth programme is an extension of our existing Family Artivity Group and supports young people of secondary school age. Betty's & Taylor's To fund the post of Fundraiser Manager until 2023. 12. Net assets between funds Unrestricted funds Restricted funds Total 2023 Balances at 31st December 2023 Fixed assets 282 282 Current assets 25,116 42,986 68,102 Current liabilities (1,296) (10,078) (11,374) 24,102 32,908 57,010 Unrestricted funds Restricted funds Total 2022 Balances at 31st December 2022 Fixed assets 474 474 Current assets 17,475 37,466 54,941 Current liabilities (1,961) (8,436) (10,397) 15,988 29,030 45,018 27
Big Futures Foundation (Charlty Number 11733741 Approval of accounts for the year ended 31st December 2023 The report and accounts were approved at a meeting of the trustees held on 15th May 2024 Date Signed for and on behalf of the trustees Signature Claire Douglas Name Chair of Trustees Position (e.g. Chair etc) 22105124 Date 28