Big Futures Foundation
(A Charitable Incorporated Organisation)
Charity Number 1173374
Trustees’ Annual Report & Financial Statements for the year ended 31st December 2024
Charity accounts preparation & independent examination service
Big Futures Foundation
Charity number 1173374
| Contents | |
|---|---|
| Index | Page |
| Trustees Annual Report | 1 |
| Independent Examiner’s Report | 14 |
| Statement of Financial Activities | 15 |
| Balance Sheet | 16 |
| Notes to the Accounts | 17 |
Big Futures Foundation
(Charity Number 1173374)
Trustees’ Annual Report
The Trustees present their annual report together with the financial statements of the Charity for the year ended 31 December 2024.
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 1 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 2024 To: 31st December 2024
Objectives and Activities
Summary of the purposes of the charity set out in its governing document
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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.
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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, 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 Purpose
To close the attainment gap between disadvantaged children and young people and their nondisadvantaged peers in York.
Our Vision
We believe every child and young person deserves the opportunity to create a brighter future for themselves, regardless of their background or circumstances.
Our Mission
Empowering children and young people to reach their full potential by providing the support, resources and opportunities every child needs to thrive both personally and academically, and to grow into adults who have the tools to succeed and who are proud of themselves.
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Big Futures Foundation OO (Charity Number 1173374)
Trustees’ Annual Report
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
Every child should have the support they need to make the most of their school career. 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.
Our Social Objectives:
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To ease the path of BFF children and young people through the education system.
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To close the educational attainment gap between disadvantaged and non-disadvantaged children and young people.
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To help BFF young people to move into meaningful and stable employment when the time comes.
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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:
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Provide therapeutic counselling services for children and young people, and their parent/carers.
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Develop and deliver tailored life skill and resilience development programmes for children and young people and their families.
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Support the whole family with various challenges they may face, and provide signposting to other organisations and agencies when required.
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 2024 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.
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Big Futures Foundation
(Charity Number 1173374)
Trustees’ Annual Report
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
2024 has seen the continued development of Big Futures Foundation’s (BFF) services in a challenging funding environment. The dedication of the staff and trustees team to collectively navigate a period of increased competition for funding alongside rising costs has been exemplary. Thank you to everyone for your dedication and fortitude. We are fortunate to have completed 2024 in a stable financial position, with an increased range of support and opportunities available to our young people, their families and care givers and very much looking forward to 2025.
BFF now works with children, young people, their families, and care givers in four York primary schools and three York secondary schools. Our partnership working across this network of seven schools continues to develop and adapt to the needs of our young people with personalised support and group youth work going from strength to strength. Our eldest young people are now in Year 8, embracing challenges and thriving.
I thank our hugely committed and talented staff team for the passion, vitality, and calm support they provide to the children, young people, their families, and care givers. You are a hugely important part of BFF and we are a much stronger organisation with you. I would particularly like to commend Michelle Foulks, Chief Executive, Louisa Wilson, Family Activity Group Leader and Alysha Smith, Youth Programme Manager, for everything they have done through 2024 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.
I would also like to thank our team of trustees. They bring a hugely valuable and impressive range of skills and experiences to BFF. All thoroughly committed to the progress and betterment of BFF and the development of our children, young people, their families, and care givers. Thank you for everything you do.
It cannot be underestimated how important to the delivery of our programmes our funders are. We have sizeable and significant support from a growing number of trusts, grants and organisations. We continue to move into trusted, multiyear funding agreements. A sign of BFF continuing to mature 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.
I 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 have adapted to better face our challenges. We look forward into 2025 with our eyes wide open and a sense of optimism and realism. I 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. 2025 here we come.
Claire Douglas – Chair of Trustees
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Big Futures Foundation OO (Charity Number 1173374)
Trustees’ Annual Report
Achievements
BFF is unique in York in offering long term support for disadvantaged children and young people, and their families.
2024: A Year of Growth and Impact
We achieved our income and charitable spend targets of over £100,000 for the second year running, allowing us to expand our reach and deepen our impact. This year, we established a new partnership with a third secondary school in York, enabling us to support more children, young people, and families than ever before.
The positive outcomes of our work have been far-reaching, not only improving the lives of our beneficiaries but also strengthening local communities. As we reflect on this success, we remain committed to building on these achievements and continuing to make a meaningful difference in the years to come.
Beneficiary consultation and feedback are integral to our annual processes, ensuring that our programmes align with the needs and aspirations of the families we support. By actively involving children, young people, and adults in the development and delivery of our services, we create meaningful, responsive support that makes a lasting impact.
Those we have worked with report significant improvements in mental health and well-being, confidence, self-esteem, and relationship-building skills. Additionally, our services have played a crucial role in equipping children and young people with essential life skills, enabling them to fully engage with and benefit from their education.
During 2024, 21 new children joined the BFF programme, bringing the total number of families we now work with to 96; over 250 individuals now benefit from our programme, including BFF children and young people, parents/carers and siblings.
Expanding Horizons and Building Aspirations
At BFF, we believe in fostering personal growth, learning, and skill development by providing positive activities and stimulating opportunities. Our goal is to raise self-esteem, nurture aspirations, and create a strong sense of belonging for the children and young people we support.
Through our diverse programme, we offer a wide range of activities, including arts and crafts, growing vegetables, shopping for ingredients, cooking, baking, learning about other cultures, and engaging in various sports. Beyond our day-to-day support, we have also provided enriching experiences during school holidays, treating children and their families to outings such as trips to local parks, swimming, rock climbing, bowling, farm visits, and the theatre.
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Big Futures Foundation OO (Charity Number 1173374)
Trustees’ Annual Report
We recognise that children and young people can only aspire to what they know exists. By introducing them to new experiences, we broaden their horizons and help them discover opportunities they may not have otherwise considered. Our work is about more than just providing activities—it’s about inspiring ambition, motivation, and aspiration for a brighter future.
The long-term impact of our programmes is profound. By engaging children and young people in meaningful experiences, we enhance their emotional well-being, learning, social interactions, and understanding of the wider world. At BFF, we believe that every child and young person deserves the opportunity to build a great life, and we remain committed to making that vision a reality.
Impact of Our Counselling and Support Services
In 2024, BFF provided 291 one-to-one therapeutic counselling sessions, with an average of eight sessions per participant. Additionally, 66 professional and parental consultations were conducted to offer tailored support for individual children.
The impact of our counselling services has been significant:
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81% of participants reported improvements in their well-being, as measured by an adapted version of the Good Childhood Index.
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Teachers, parents, and other supportive adults observed notable increases in confidence, independence, and self-esteem among the children.
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School attendance and enjoyment improved, along with greater willingness to try new activities and build resilience in learning.
Our services have also contributed to improved mental health and well-being among parents and caregivers, strengthening social and support networks. As a result, families feel more confident in exploring new activities together.
Most importantly, 100% of beneficiaries reported that the service was helpful and that they felt well-treated.
The profound difference our project makes is evident in the feedback received from children, young people, families, and school staff. Here are some of their comments:
‘My child really enjoys the sessions and talks about them all the time. They are much happier, thank you for that.’
‘A non-judgemental space to air everything I need to air. Really appreciate the sessions, they’ve helped a lot.’
‘The therapeutic work has had a very positive impact on the school.’
‘Confidence has grown to take part in activities at school.’
‘I love it at BFF, I love seeing you, you help me make my creations.’
‘BFF youth group is my favourite and I really enjoy it’
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Big Futures Foundation OO (Charity Number 1173374)
Trustees’ Annual Report
As the children and young people we support grow, we aim to see these positive impacts reflected in key educational milestones, including the end of Key Stage 2, GCSEs, and post-16 education and training. However, the effects of the pandemic—and now the cost-of-living crisis—have had a significant impact on the academic progress of BFF children.
We recognise that overcoming these challenges will require sustained and ongoing support. Addressing these setbacks remains a long-term commitment, ensuring that this generation of children has the opportunity to succeed despite the barriers they face.
Despite challenging financial and economic conditions, BFF has met expectations and delivered strong results. Thanks to the generosity of our supporters and the dedication of the BFF team, we ended 2024 in a stronger financial position. We have continued to refine our business and financial planning, alongside strategic development, to enhance stability and sustainability. Our plan for 2025 sets the foundation for further growth, ensuring we can support even more children and young people in the years ahead.
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Big Futures Foundation
(Charity Number 1173374)
Trustees’ Annual Report
Financial Review
During the year total income amounted to £102,991 and expenditure for the year totalled £119,774, making net loss for the year of £16,783.
At the balance sheet date, the Charity had total funds of £40,227. Uncommitted reserves freely available for charitable activities were £21,459.
How we raised our money
The Charity’s principal source of funding came from donations from individual donors (including trustees), corporate businesses, and charitable organisations.
Private donations include:
- York Rotary Club
Grant Giving Organisations:
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Ed De Nunzio Charitable Trust
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York Children’s Trust
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York Community Trust
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The Woodward Chritable Trust
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Foyle Foundation
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Charles and Elsie Sykes Foundation
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Syvlia and Colin Shepherd Trust
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York Common Good Trust
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York VCSE Vaccination Capacity Building
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Feofees of York
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VCSE Health Inequalities
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Albert Hunt Trust
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Skipton Building Society
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Masonic Charitable Trust
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Benenden Health
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Dulverton Trust
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Souter Charitable Trust
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Brelms Trust
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Barratt Foundation
The charities total income for the year was £102,991.
This was split between grant giving organisations and private donations from individuals or groups.
78% - Grant giving organisations
22% - Private donations
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Big Futures Foundation OO (Charity Number 1173374)
Trustees’ Annual Report
How we spent our money
Expenditure for 2024 was for the delivery of BFF programmes and core running costs. Total expenditure for the year was £119,774.
During this period the Charity has delivered programmes in partnership with primary schools in Tang Hall, Haxby Road, Hob Moor, and Westfield, and three secondary schools in York. Our programmes provide children and young people with emotional wellbeing support though counselling, and life skills development through Family Activity 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 0-40% 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 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 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 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 first 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 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 to 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 beneficial for the child and/or their parent/carer to return to the counselling service this is available to them.
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Big Futures Foundation OO (Charity Number 1173374)
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 vital lifeline for children and young people, equipping them with essential life skills and empowering them to reach their full potential. Our work transforms mental health and wellbeing, boosts confidence, improves behaviour and school engagement, and fosters aspirations and resilience— helping young people take control of their futures.
To measure our impact, we track emotional wellbeing, confidence, self-esteem, and school engagement among both children and their parents/carers. Additionally, we monitor academic progress, comparing it against expected attainment levels. In the long term, we aim to see children exceed predicted progress and achieve improved academic outcomes.
Statement explaining the policy for holding reserves stating why they are held
The reserves policy of the Trustees is to keep three months of the operational and contracted costs as the reserves level required. This has been set at £28,500. Based on the Trustees risk assessment, this would enable the charity to fulfill its obligations in an event of unforeseen financial circumstances. The unrestricted reserves of £21,459 (2023 - £24,102) therefore don’t quite meet the required level of three monthly expenditures of £28,500 as set by the Trustees. The level of unrestricted reserves is therefore lower than the level set by trustees which is due to the expansion of BFF services and an increase in running costs in 2024. 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. Our plans include a fundraising strategy to boost the charity’s unrestricted income in 2025 and diversify its funding base. As of this report, we are in a strong financial position, having recently received two substantial donations, including a multi-year grant.
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Big Futures Foundation OO (Charity Number 1173374)
Trustees’ Annual Report
Plans for Future Periods
As we move into 2025, BFF will focus on a short- to medium-term outlook, building on the consolidation and sustainability work achieved this year.
Alongside maintaining our current services, we aim to enrol an additional 20 children onto our programmes in 2025. We will also begin community consultation to ensure our services continue to meet the evolving needs of the communities we support.
Regular feedback from children and parents/carers engaged in our counselling and life skills programmes will remain a priority, ensuring we provide the support they truly need. Additionally, we will strengthen our partnerships with primary schools to help the children we support get the most out of their education.
Through consultation with our programme participants, we have identified anxiety, confidence, integration, and socialisation as key challenges for young people transitioning to secondary school. In response, BFF will provide targeted support to help young people build confidence, develop resilience, and improve their emotional health, wellbeing, and life skills.
This project aims to enhance the experiences of young people living in poverty throughout their secondary education, equipping them for the next stage—whether further education, training, or employment. We want all young people to leave school feeling prepared to contribute to society and confident that society has something valuable to offer them.
Over the next year, BFF will collaborate with three secondary schools to deliver tailored support, including structured activities, learning experiences beyond the classroom, advocacy, and guidance for parents and carers. The project will be shaped by ongoing consultation with young people, families, and schools to ensure it remains relevant and impactful.
Additionally, BFF will partner with local charities to expand opportunities for mentoring, volunteering, youth-focused activities, and careers guidance, further strengthening the support available to young people.
BFF has developed and implemented a new strategic plan for 2025 that reflects our vision, mission, and ambitions for the charity. This focused plan outlines our short- to medium-term priorities, including increasing fundraising capacity, diversifying funding streams, strengthening operational sustainability, and enhancing impact measurement and reporting. While some of this work began in 2024, we have already made significant progress and will continue building on these foundations throughout 2025.
We are deeply passionate about our work and remain committed to ensuring that as many children as possible from disadvantaged backgrounds benefit from our programmes. Our goal is to inspire young people, instil confidence, and encourage them to explore new opportunities. We believe that every child
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Big Futures Foundation
(Charity Number 1173374)
Trustees’ Annual Report
deserves the chance to discover their talents and realise their aspirations for the future.
The challenges ahead for children and schools are significant. The lasting impact of the pandemic, the rising cost of living, and the increasing need for mental health and wellbeing support all contribute to the difficulties faced by the families we serve. Coupled with the need to catch up on missed education and social development, these factors make BFF’s work more vital than ever.
The challenges facing small charities cannot be underestimated, but we remain confident in BFF’s ability to develop and grow. With the support of our funders, partners, and the incredible children and families we work with, we will continue making a lasting difference in the lives of those who need us most.
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 details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees
New Trustees may be appointed at any Trustees’ meeting by a resolution of the Trustees and recorded in the minutes. The minutes would be signed by the new Trustee to provide evidence of appointment.
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Big Futures Foundation
(Charity Number 1173374)
Trustees’ Annual Report
Reference and Administration details
Charity’s Full Name: Big Futures Foundation Charity number: 1173374 Charity’s principal address 19 Chestnut Avenue, York, YO31 1BR
Names of the trustees who manage the charity
Trustee name Office (if any) Dates acted if not Name of person entitled whole year to appoint trustee Claire Douglas Chair Sean Sweeney Victor Klays Samuel Atwell Mary Hodgson Gillian Main Emma James Treasurer Christine MarmionLennon
Names and addresses of advisers
| Type of advisor | Name | Address |
|---|---|---|
| Independent Examiner | Karen Wood ACMA, | Outsource Accountancy Services & Independent |
| CGMA | Examinations | |
| 2 Galligap Lane, Osbaldwick | ||
| York, YO10 3NR | ||
| Bankers | CAF Bank | CAF Bank, 25 Kings Hill Avenue, Kings Hill, |
| West Malling, Kent, ME19 4JQ |
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Big Futures Foundation O ~~O~~ (Charity Number 1173374)
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 Chair of Trustees Position 24/03/2025 Date
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Big Futures Foundation
(Charity Number 1173374)
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 2024 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 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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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.
24/03/2025 Cock | Ld
Karen Wood ACMA, CGMA Date Outsource independent examination service 2 Galligap Lane Osbaldwick York YO10 3NR
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Big Futures Foundation
(Charity Number 1173374)
Statement of Financial Activities for the year ended:
31st December 2024
| Income and endowments from: Total income Note Note 3.1 4.1 3.2 4 3 Investment income Donations and legacies Expenditure on Charitable activities Total expenditure Net income/(expenditure) Gross transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted funds Restricted funds 2024 Total 2023 Total £ £ £ £ 66,186 36,728 102,914 108,706 77 - 77 109 |
|---|---|
| 66,263 36,728 102,991 108,815 |
|
| £ £ £ £ 68,906 50,868 119,774 96,823 |
|
| 68,906 50,868 119,774 96,823 |
|
| (2,643) (14,140) (16,783) 11,992 |
|
| - - - - |
|
| (2,643) (14,140) (16,783) 11,992 |
|
| 24,102 32,908 57,010 45,018 |
|
| 21,459 18,768 40,227 57,010 |
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Big Futures Foundation
(Charity Number 1173374)
| Balance sheet as at: | Balance sheet as at: | 31st December 2024 | 31st December 2024 | 31st December 2024 |
|---|---|---|---|---|
| Note | 2024 | 2023 | ||
| Fixed assets | ||||
| Tangible assets | 8 | 111 | 282 | |
| Total fixed assets | ||||
| Current assets | ||||
| Cash at bank and in hand | 7 | 50,978 | 62,401 | |
| Debtors and prepayments | 9 | 1,410 | 5,701 | |
| Total current assets | 52,388 | 68,102 | ||
| Current liabilities: amounts falling due within one year | ||||
| Creditors and accruals | 10 | (12,272) | (11,374) | |
| Net current assets/liabilities | 40,116 | 56,728 | ||
| Total less current liabilities | 40,227 | 57,010 | ||
| Funds of the charity | ||||
| Unrestricted Funds (General) | 11 | 21,459 | 24,102 | |
| Restricted Funds | 11 | 18,768 | 32,908 | |
| Total funds carried forward | 40,227 | 57,010 | ||
| The financial statements were approved by the trustees and signed on their behalf by: | The financial statements were approved by the trustees and signed on their behalf by: | |||
| Claire Douglas | Emma James | £ | ||
| ~ , |
Cine | }Oumncd | ||
| } | |
——— | |||
| Chair of trustees | Treasurer |
31st December 2024
Type text here
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Big Futures Foundation
31st December 2024
(Charity Number 1173374)
Notes to the Accounts for the year ended:
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.
2. Accounting policies
Income and endowments
Recognition of incoming resources
These are included in the Statement of Financial Activities (SoFA) when:
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the charity becomes entitled to the resources;
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receipt is probable; and
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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.
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Big Futures Foundation
(Charity Number 1173374)
31st December 2024
Notes to the Accounts for the year ended:
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
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.
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.
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Big Futures Foundation
(Charity Number 1173374)
| Notes to the Accounts for the year ended: | 31st December 2024 |
|---|---|
| 3. Analysis of income |
| Gift Aid School contributions 3.1 Donations and legacies Grants Donations and legacies Total income 3.2 Investment income Bank interest |
Unrestricted funds 2024 Restricted funds 2024 £ £ 43,700 36,728 18,476 - 4,010 - - - Total 2024 Unrestricted funds 2023 £ £ 80,428 20,800 18,476 21,001 4,010 156 - - Restricted funds 2023 Total 2023 £ £ 43,250 64,050 19,749 40,750 - 156 3,750 3,750 |
|---|---|
| 66,186 36,728 102,914 41,957 66,749 108,706 |
|
| 77 - 77 109 - 109 |
|
| 66,263 36,728 102,991 42,066 66,749 108,815 |
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Big Futures Foundation
(Charity Number 1173374)
| 31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
|---|---|
| 4.1 Charitable activities Staff salaries Staff training & travel expenses Counselling fees Activity costs DBS, accreditations & licences Rent & room hire Equipment, repairs & renewals IT costs Offce costs Administrative costs Meeting costs Bank charges Advertising & web development Insurance Independent examination Accountancy & payroll fees Depreciation Sundry costs Total expenditure |
Unrestricted funds 2024 Restricted funds 2024 £ £ 51,947 18,197 525 - 10,814 28,778 937 3,614 - - 465 74 - - 450 - 411 - - - - - 60 - - - 590 - 500 - 2,036 86 171 - - 119 Total 2024 Unrestricted funds 2023 £ £ 70,144 27,525 525 808 39,592 - 4,551 - - 153 539 - - - 450 423 411 24 - - - 332 60 60 - 58 590 414 500 480 2,122 3,264 171 192 119 111 Restricted funds 2023 Total 2023 £ £ 27,381 54,906 125 933 31,424 31,424 3,667 3,667 - 153 311 311 - - - 423 - 24 - - - 332 - 60 - 58 - 414 - 480 - 3,264 - 192 71 182 |
| 68,906 50,868 119,774 33,844 62,979 96,823 |
|
| 68,906 50,868 119,774 33,844 62,979 96,823 |
20
Big Futures Foundation
(Charity Number 1173374)
| 31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
|---|---|---|---|
| CAF bank account Cash in hand 7. Cash at bank and in hand Independent Examiner’s fees for reporting on the accounts Gross wages Employers National Insurance Employers pension contributions Average number of employees No employees recieved emoluments in excess of £60,000 (2023: Nil) 5. Examination fees 6. Staff costs & emolument At 1st Jan 2024 At 31st Dec 2024 Charge for the year Depreciation At 31st Dec 2024 At 31st Dec 2023 Net Book Value At 1st Jan 2024 At 31st Dec 2024 Additions in year Cost or valuation 8. Fixed assets 8.1 Tangible fxed assets Unrestricted funds Restricted funds £ £ 50,978 - - - 50,978 - Computers £ 535 - 535 290 134 424 111 245 |
2024 2023 500 480 2024 2023 69,532 54,482 - - 612 424 |
||
| 70,144 54,906 |
|||
| 7 6 Total 2024 Total 2023 £ £ 50,978 62,401 - - |
|||
| 50,978 - |
50,978 62,401 |
||
| Computers £ 535 - |
Equipment Total £ £ 230 765 - - |
||
| 535 | 230 765 |
||
| 290 134 |
193 483 37 171 |
||
| 424 | 230 654 |
||
| 111 | - 111 |
||
| 245 | 37 282 |
21
Big Futures Foundation
(Charity Number 1173374)
| 31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
|---|---|
| Amounts falling due within one year 11. 1 Movement of major funds PAYE & NI Accruals 10. Creditors and accruals Amounts falling due within one year Trade debtors 9. Debtors & prepayments 11. Movement of funds Gift aid Prepayments & accrued income |
2024 2023 £ £ - - 1,410 701 - 5,000 |
| 1,410 5,701 |
|
| 2024 2023 £ £ 654 - 11,618 11,374 |
|
| 12,272 11,374 |
|
| 2024 Fund Name Unrestricted Funds General funds |
Balance b/ fwd Incoming resources £ £ Outgoing resources Transfers £ £ Balance c/ fwd £ |
|---|---|
| 24,102 66,263 68,906 - 21,459 |
22
Big Futures Foundation
(Charity Number 1173374)
| 31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
|---|---|
| Restricted Funds Family activity group National Lottery Cost of Living Coop Community Fund Tang Hall Big Local JRHT TRF Belfrey Scurrah Wainwright Feofees Sackler Shepherd Skipton Vaccine YCT York Common Good Trust Counselling Purey Cust Sackler VCSE YCT Benenden Wellbeing Trust |
Balance b/ fwd Incoming resources £ £ 1,469 - 409 - 749 - 1,423 - 983 - 56 - 2,500 - - 2,000 - 6,000 - 500 - 250 - 2,200 - 2,236 - 500 Outgoing resources Transfers £ £ 1,469 - 409 - 460 (289) 1,380 - 1,272 289 56 - - - 2,000 - 1,297 - - - - - - - - - 500 - Balance c/ fwd £ - - - 43 - - - - 4,703 - 60 - 2,155 - |
| 7,589 13,686 14,314 - 6,961 |
|
| 10,000 - - 7,500 - 7,000 - 3,292 1,840 - 7,000 - 10,000 - 7,500 - - - 2,438 - 1,840 - 7,000 - - - 7,000 854 - - |
|
| 18,840 17,792 28,778 - 7,854 |
23
Big Futures Foundation
(Charity Number 1173374)
| 31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
|---|---|
| Youth Programme Ed De Nunzio TRF Dulverton Skipton Total Restricted Total Funds |
Balance b/ fwd Incoming resources £ £ 3,479 - 3,000 5,000 - 250 Outgoing resources Transfers £ £ 3,584 - 4,013 - 179 - Balance c/ fwd £ (105) 3,987 71 |
| 6,479 5,250 7,776 - 3,953 |
|
| 32,908 36,728 50,868 - 18,768 |
|
| 57,010 102,991 119,774 - 40,227 |
Negative funds
There was a slight overspend of the Ed de Nunzio grant leaving it in negative funds. This will be cleared when the next set of funding from them is received next year.
24
Big Futures Foundation
(Charity Number 1173374)
| 31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
|---|---|
| 2023 Fund Name Unrestricted Funds General funds Restricted Funds Family activity group National Lottery Williams Cost of Living Bramall School Contributions Coop Community Fund Tang Hall Big Local JHRT TRF Belfrey Scurrah Wainwright |
Balance b/ fwd Incoming resources £ £ Outgoing resources Transfers £ £ Balance c/ fwd £ |
| 15,988 42,066 33,844 (108) 24,102 |
|
| £ £ 9,900 - 4,000 - 1,184 - 4,400 - 586 1,500 - 749 - 2,250 - 1,000 - 1,954 - 2,500 £ £ 8,431 - 4,000 - 775 - 4,400 - 2,086 - - - 827 - 17 - 1,898 - - - £ 1,469 - 409 - - 749 1,423 983 56 2,500 |
|
| 20,070 9,953 22,434 - 7,589 |
25
Big Futures Foundation
(Charity Number 1173374)
| 31st December 2024 Notes to the Accounts for the year ended: |
31st December 2024 Notes to the Accounts for the year ended: |
|---|---|
| Counselling Williams THBL JRHT Coop Community Fund Purey Cust Ed De Nunzio TRF Belfrey TRF Dulverton Scurrah Wainwright Albert Hunt Benenden Wellbeing Trust School Contributions Youth programme Ed De Nunzio TRF Dulverton Betty’s & Taylors Total Restricted Total Funds |
Balance b/ fwd Incoming resources 3,960 - - 4,500 - 3,000 - 2,000 - 10,000 - 2,400 - 3,046 - 2,000 - 1,000 - 4,000 - 5,000 - 7,000 - 2,250 Outgoing resources Transfers 4,068 108 4,500 - 3,000 - 2,000 - - - 2,400 - 3,046 - 2,000 - 1,000 - 4,000 - 3,160 - - - 2,250 - Balance c/ fwd - - - - 10,000 - - - - - 1,840 7,000 - |
| 3,960 46,196 31,424 108 18,840 |
|
| - 7,600 - 3,000 4,121 - - - 3,479 3,000 |
|
| - 10,600 4,121 - 6,479 |
|
| 5,000 - 5,000 - - |
|
| 29,023 66,749 62,979 108 32,908 |
|
| 45,018 108,815 96,823 - 57,010 |
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.
26
Big Futures Foundation
31st December 2024
(Charity Number 1173374)
Notes to the Accounts for the year ended:
11.2 Details of Funds Held
Unrestricted Funds General
The general fund is unrestricted and available for general purposes.
Restricted Funds General
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.
Youth Programme
The Youth programme is an extension of our existing Family Activity Group and supports young people of secondary school age.
12. Net assets between funds
| Balances at 31st December 2024 Balances at 31st December 2023 Fixed assets Fixed assets Current assets Current assets Current liabilities Current liabilities |
Unrestricted funds Restricted funds Total 2024 £ £ £ 111 - 111 22,644 29,744 52,388 (1,296) (10,976) (12,272) |
|---|---|
| 21,459 18,768 40,227 |
|
| Unrestricted funds Restricted funds Total 2023 £ £ £ 282 - 282 25,116 42,986 68,102 (1,296) (10,078) (11,374) |
|
| 24,102 32,908 57,010 |
27
Big Futures Foundation
(Charity Number 1173374)
Approval of accounts for the year ended
The report and accounts were approved at a meeting
of the trustees held on
| Date
31st December 2024
18/03/2025
Signed for and on behalf of the trustees
Signature
Pp
Claire Douglas
Name
Chair of Trustees pF Position (e.g. Chair etc)
pF Date
Date
24/03/2025
28