Docusign Envelope ID.. 1 D8AA7FD-4EC24824-9227-A19EDSA05C38 COMPANY REGISTRATION NUMBER: 10845174 CHARITY REGISTRATION NUMBER: 1177808 Futurestars (West and Central Africa) Company Limited by Guarantee Unaudited independently examined accounts 31 March 2025
Docusign Envelope ID". 1 DBAA7FD-4EC24824-9227-A19ED5A05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Financial statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directors, reportl Independent examinerfs report to the Irustees 12 Statement of financial activities lin¢luding in¢ome and expenditure account) 13 Balance sheet 14 Notes to the financial statements 15
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial slalemenls of the charity for the year ended 31 March 2025. The financial $18tements have been prepared in accordance with the accounting policies set out in notes lo the accounts and comply with the charity's goveming document, the Charities Act 2011 and Companies Act 2006 and Accounting and Reporting by Ch8ri1ies.' Statement of Recommended Pr8cts"ce applicable to ¢h8rities preparing their accounts in accordance with the Financial Reporting Stsndard 8ppli¢able in the UK and Republic of Ireland published in October 2019. Reference and administrative details Registered charity name Futurestars (West and Central Africa) Charity registration number 1177808 Company registration number 10845174 Principal offi¢e and registered 30 Church Road offic• Tattingslone Ipswich Suffolk IP9 2NA Thè trustees The trustees who served during the year and at the date of approval were as follows.. G L Miller (Chairman) S C Milton IDire¢torl W Allen G Clarke BMKing C Noukpo (Resigned 19112120241
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 Patron and ambassador ofthe ¢h3rity T Butcher (Palronl Trèasurèr and company secretary P Milton Laadarship team and porsonnal S Treder Imarketingl E Okyne-Tetteh (Project Manager, Ghanal S Donkoh (Coach, Ghanal R Ibrahim (Project Manager, Togol C Rockson (Apprentice Coach, Ghanal T Randolph (Girls. CcK)rdinator, Ghanal Bankers Lloyds Bank PIC Comhill Ipswich Suffolk IP1 1DG Soll¢ltors Birketts LLP Providence House 141-145 Princes Street Ipswich Suffolk IP1 1QJ Independent examiner A Robinson FCA Lovewèll Blake LLP Chartered a¢¢ounlanls First Floor Suitè 2 Hillside Business Park Bury St Edmunds IP32 7EA
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 Objactivas and activitiès Fulurestars Iwest and Centr81 Africa), known locally and throughout these accounts as Fulurestars. Our objectives are to support selected community schools and schoolchildren through 8 d&di¢aled sports & education programme in partnership with the local education aulhorily, prompting discipline, academic skills and essential life skills within each child. To also carry out minor refurbishment and construction projects to improve the facilities and environment in our partner schools. How We Achieve Our Objectives By providing sports coaching and physical education IPEI sessions in partner schools that previously did not have the resources to provide them. By providing qualified coaches with the kit & equipment needed to deliver these PE sessions effectively in a variety of sports. By nurturing social, mental and health attributes via the medium of sport for boys and 9irfs at our selected schools. By impact measurement= monitoring and evaluating the effectiveness of our PE sessions on the children in the schools. Working in conjunction with the local education authorities, safe guarding procedures. By developing sustainable opportunities for school children through work experience, scholarships & apprenticeships with local and national companies once they have left our schools ensuring continuity of care. By funding, improving and refurbishing the school's facilities for a clean, safe and secure leaming environrnenl. By building commercial partnerships with local and national cornpanies who support the project financially and engage their own employees as volunteers. By expanding the Fulurestsrs Project and our values lo other West African countries supported by new commercial partntrrs. Public Benefit In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commissions guidance on public benefit when setting the objectives for the year. The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011.
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 A¢hievement$ and perfomian¢e The Fulurestsrs project has been running since 2015 and was granted full UK Charity slalus in April 2018. It started with one corporate donor- the OMA Group- and now has several ¢orporale donors supporting the charity financially as part of their commitment lo the local community. Fulurestsrs delivers sports coaching to underprivileged children in five govemment public primary schools in Tema Gh8n8.. B8atsona, Community 811 Community 711 Republic Road, Twed8ase. We also support the Future Leaders school in A¢¢ra which gets no government funding. Our totsl reach is now 3500 children across our partner schools. The project also aims to educate the school children in discipline, responsibility and integrity as an individual and as part of a team. We also continue to get additional children into edkjcation by supporting them and their parents with school fees at the Future Leaders School. Refurt)ishment Projects The Futurestars Charity partners have also carried out some much-needed refurbishment work in the schools. The long-tem plan is to encourage more corporate donors to support these refurbishment projects and satisfy their own corporate social responsibility commitments lo the local community which will help us expand in the future. The corporate donors help in three ways.. 1 Fin8n¢ially - providing funds we need lo purchase the Tefurbishmenl costs. 2 - Donating goods 8nd services To save funds lor carrying out the work. 3 - Employee Volunteering - Engaging stsff lo help with the manual labour required to carry out the work. In April 2024 we refurbished and painted 8 Classrooms at the Future Leaders School with a group of volunteers from the UK and our lo¢al partners. This included the ¢leaning of all walls and floors before repainting them with the correct paint providèd by one of our corporatè partners. We also refurbished a 20ft Shipping Container and constructed an Offi inside for our Futurestars Staff to use on a daily basis. This also acts as our storeroom for donated items from the volunteers as well as our sports equipment for the PE Sessions. In January 2025 we constructed a steel canopy with a steel roof for the Future Leaders School so the children and staff have a covered area to study and host assemblies. The structure is 10 meters wide and 30 meters long and is an excellent addition to the School grounds. It is known as the NEST and is the only outdoor shaded area within the school grounds. Ghana $¢hool$ Sports proj¢¢tT¢ma All of our partner schools have a detsiled coaching plan delivered by our coaches to enhance our sports projects. They start al 6.30arn for pre-school sports clubs and then slay the whole day providing Physical Education lessons for each year group. After School sports sessions for Boys and Girls are also delivered in 811 schools. Fulurestsrs qualified coach&s arts employtsd lo visit the five schools evtrry week. The coa¢hes' dedication is clear to see and they follow programmes developed in ¢onjun¢tion with professional coaches in the UK. We aim to develop the children's balanc8, co-ordination, technical skills in Football and Nètball, tèamwork and decision making. Thé coaches run pre-school sessions in Football and Netball. PE sèssions during th8 school day and an after-school development centre for ¢hildren showing a particular talent who also show commitment to school attendance and their lessons.
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 We continue lo develop the children's talent using the following areas. Inler-sch(K)Is' corllpelilions - Ongoing matches beiween our partner schools. Fulureslars Annual Festival- Involving all six schools. Recruiting talented children for the academies. Ongoing in the Developrnenl Cenlres. Improving on technic41 abilities. Monitoring the improvement of each child in the Development Centres. We have introduced Rugby for boys and girls into our Schools in Tema in Partnership with the Ghana Rugby League Federation. The Future Leaders School - Accra The Future Leaders SchoDI in Accra has no government support so it relies on our ongoing support. We have recruited a local qualified coach to help us deliver the sports sessions at the Future Leaders School. We have also recruited a female PE Teacher to help us deliver the Netball sessions to the girls after school. We have introduced the Sport of Rugby for boys and girls in the School and our coaches have been working with the Ghana Coaches from the Ghana Rugby League Federation in Accra. We continue lo support the teachers and owner of the school with monthly financial donations towards the teachers salaries. Togo schools prol•ct- sports In October 2024 we look the difficult decision to bring to an end lo our involvement in the project al the Cacavelli school in Lome, Togo. Originally the funding for this was linked to, but not restricted by, our donations from Fender¢are. This stopped during 2023, and we continued to make grants to them up to October. Due to the location the project is run, on our behalf, by the lead coach Raman Ibrahim, who oversees all activities. He is also the coach of a senior men's team that is based several miles away and the team has been promoted to the professional league so he is unable to devote the necessary time to continue the project as we would like. We decided that our grants would be better served in the projects in Ghana which Raman accepted and we thanked him for all the work he has undertaken. Referen¢es We follow guidelines for coaching set out in the book below. Football The England F.A. manual IThe Future Game Grassroots) is heavily regarded as one of the best pracli¢es that have the appropriate blend of Challenges, skills and learning for our players. Girls Netball - The Futurestars Netball teams from Baatsona, Community 8 and Twedaase schools are training and playing inter-school matches on a regular basis alter school.
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 After S¢hool Development Centre- T¢ma The young talents come packed with ideas, energy and enthusiasm with very high expectations and as such, the children require quality guidance to achieve their potential to the fullest. The development centre continues lo deliver the following key areas for our attending children. Teaching the importance of hygiene. Personal attitude, dis¢iplin&, respect and responsibility. Teaching life lessonslmanners. Player Improvement, Sportsmanship, skills and techniques. Preparation towards Futurestars Annual Fèstival of Sports. Protecting and ensuring safety for all children. League match preparation. We feed the children before training to help with their physical performance and have water available at all times during each session. Refurt)ishment Plans 2025 Following the success of our last refurbishment projects we are planning another small school refurb project in April 26 with a group of volunteers from the UK. There is always a general upkeep of the school facilities that is required and we meet with the School owner and Head Teacher lo discuss the priorities on a regular basis. General rllaintenance and painting will once again be carried out during 202512 The School is expanding and a new wing is under ¢onslru¢lion, once il 15 finished we will help with the painting of the new wing and loilels. We will also look lo provide new Desks and Chairs for the children donated by one of our Charity Partners in Accra. The school nurserylcreche is always in need of general maintenance and refurbishment so we will also plan to carry out what is requirgd to support the youngest Children at the school. Futurestars Transport The Futurestars Charity Minibus is vital to support our projects in Tema and Accra. The minibus provides safe and secure transport for our children when representing the FutLJrestars Charity teams. They are also used to transport some of the pupils to regular outside school activities organised by the school and Futurestars. Our minibus is fully insured and serviced annually. We are planning purchase a small vehicle in 2025 for use in Tema for our Lead Coach. This will help with transport support whilst the Minibus is being used for the collection of the School children for after school training. Futurostars Charity Containor- Storag• We have purchased 3 shipping Containers, and they are safely allocated inside the Tema Stadium. The two 40fl Containers are our kil and equiprnenl storage rooms. The 20ft Container is being fUrb1$hed into an office for our Lead Coach and Apprentice in Tema. Thg next shipment of donated kit from the UK is planned for March 2026. Once again the sports kit and equipment was donated to the Charity from UK sports organisations, schools and individuals. In our last shipment we have 20,000 books and over 300 donated golf clubs as we look to introduce Golf to some of the children in the school. We have had meetings with the YoLJth Golf Foundation at Achimota Golf Club in Accra to make full use of the donated dubs.
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 Future$tars Development Programme Ilndividualsl We have sel up a programme to support certain individuals within our schools programme who have excelled in various ways. These schemes are ongoing through 3024125. Sludenl Development Programme - Student Janel achieved the highest ever exam results al the Future Leaders School, so we are continuing lo fund Janet through her further educ¥lion into High School and Colltrge. Godwin Teacher Development Programme - Providing funds to support Godwin through his University degree and teacher qualifications. Eva - A Young Teacher who has enrolled into a further education course to gain more qualifications funded by Futurestars. Jamestown Orphanage Since 2022 we have been supporting a small orphanage in Jamestown, one of the poorest communities in Accra. The funding we provided has seen them build a brand new roof structure to extend the orphanage for more classroom space. In September 2024 we funded the erection of a brand new entran and security gale for the Orphanage. Support and UK Fundralslng 8vènts Our planned fundraising and sports events are constantly evolving. Planned events include.. UK Harleyford Golf Day in July 2025. Futurestars Charity Golf Day in Felixstowe September 2025. Shipping of Books and Sports Kit to Ghana in March 2026. Festival of Sport in Ghana for all schools in April 2026. Existing Projects - Ongoing for 2025 Future Leaders School financial support to continue in 2025. Futurestars Volunteering Programme expanded in 2025. Futurestars Scholarship Programme continues in 2025. Additional Fundraising Projects We have been 8ppro8ched by various contac15 in etc UK lo support the Charity by tsking on personal challenges. So we have a UK Just Giving Page where people Can raise funds for us whilst taking on Charity challenges lik& the London Mafftthon et¢.
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 Finan¢ial review Income for the year was achieved frorn donations and other fundraising activities and amounted to £168,54612024.. £122,006). Associated expenditure for the charitsble activities of the charity amounted to £169,82212024.. £151,621) and created a net expenditure on funds of £1.276 12024.. £29,615). This when added lo brought forward fund reserves totsls a fund balance carried forward of £90,405 12024.. £91,681) for us& towards the future activities of the charity. No amounts were $trIcted in the period for specifi¢ projects, therefore the entirety of the funds are Carried forward for charitable purposes in line with the objectives and reserves policies listed in these financial statemènts. The small deficit and an increase in tangible fixed assets has contributed towards a drop in the net current assets of the entity from £73,057 to £57,944 as at the year end dale. Reserves Policy The Charity's reserves policy has been reduced to hold six months unrestricted expenditure as free reserves which would amount lo £84,911 12024.. 12 months policy at £151,6211 based on current expenditure levels. The policy is sel lo hold enough free reserves to enable the charity to fulfill slatulory and legal obligations and lo provide a contingency fund lo meet unforeseen falls in income or increases in expenditure. The charity's actual free reserves amounted lo £90,405 as al the year end12024.. £91,681) which is in line with this policy. The Trustees feel that il is prudent lo hold a surplus given the current financial climate, this is reviewed annually with the aim to build reserves in due course lo facililale this intention. The main plans for the reserves are for futu refurbishments lo be undertaken al the schools involved in our projects.
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 Plans for Future Period$ - The year ahead April 2025 - Mar¢h 2026 Stratagy - Our updated strategy includes the new projects we intend to implement at the schools and academies as well as the recruitment of more corporate donors for the charity on an annual basis. To continue lo develop relationships with our donors to encourage referrals from their own clients. Anniversary - We are planning a 10 year Anniversary Paty in Accra to celebrate the Futurestars Project which stsrted in 2015. The party is scheduled for October 2025 and we have been given the British High Commissioners Residence in A¢¢ra to host the paty- The party will be a Celebration of what we have achieved and the impa¢t we have made during the 10 year period. It will also act as a recruitment event to encourage more new partners to SLJPPOrt LJS in the fLJture. staff - We are planning lo recruit another member of staff to run our Marketing and Social Media impact in Ghana. This will help us promote the work we carry out on a daily basis and engage more with the social media accounts of our corporate partners. They will work directly with the Futurestars Team in Ghana and the recruitment of Tracy has helped us with our goals to support the young girls in our schwls. Gir15 - We recruited a female coordinator to $18rt a Girls project lo support our gids through puberty and also when they begin menstruating. This is a vital period for the girls and we aim to educate them on what lo expect and supply them with sanitary towels and cleaning products. This project will see us partner with a specific charity lo help us deliver the information the girls need. Our Girfs Football coaching sessions are growing rapidly, with over 30 girfs attending our after school sessions in Tema. The girfs are also taking part in our Rugby and Netball sessions on a weekly basis. Fundlng - We are always looking to develop new initiatives to support the income we re1ve from corporate donors. Increasing donors is also a priority and the new funding will help us lo deliver the strategy and expand the project. We are exploring various charity partnerships in the UK as well as applying for Grants. We are exploring various joint funding opportunities and attending corporate events. Individual fundfftising opportunities are also planned for the year ahtrad with more volunteers taking on personal challengtrs for the Charity in the UK. Volunteering We have continued the partnership with African Adventures to deliver more volunteering packages to Colleges, Schools and Corporate Organisations. This has increas8d our presenc8 here in tha UK and drive more stLJdent volunteers to Ghana to work in our projects. We are preparing for a large group of Volunteèrs in April 2026 and plan to expand our volunteering programmes fLJrther. To summarise the Futurestars plans for the nexl 12 monlhs.. Continued financial SUPPDrt for the Future Leaders School. Recruit more staff to the team in Ghana. Host the Fulurestars 10th Anniversary Party in Accra. Introduction of new sports to the Futureslars schools - Rugby & Golf in 2025126. Continue lo develop our relationship with African Adventures to offer more volunteering opportunities to schools, colleges and organisalions from the UK. Construct and stock libraries in all of our partner schools in Ghana. Including shelving, tables and chairs. Three School libraries are up and running now with more planned for 2025126. Continue to support the Jamestown orphanage in Accra. Prepare further Grant funding applications for UK Grants. Host the Annual Festivals of Sport, Art & Entertainment in Ghana in 2025126 Organise UK Fundraising events for additional funding of new projects in 202516. Continue to grow the corporate partners in the UK, Ghana and Togo. Continue to build new relationships with Professional Football Clubs like Arsenal, Ipswich and Brighton for donating unw8nled kil 81 the end of their seasons. Continue the Scholarship sponsorship programme to support the education of the Children 81 the Future Leaders School. Introduce new Ambassadors to the Fulureslars Board of Trustees with commerci81 contscls and skills to grow our database of Clients.
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 Stru¢ture, governan¢¢ and management Govèrnlng Docum$nt The Charity is consliluled as a company limited by guarantee and was incorporated under the Comp8nies Act 2006. 11 is governed by the terms of the Memorandum and Articles adopted on 30 Jun& 2017. It has no sh8re ¢8pilal and in the event of liquidation the liability of the members is limited lo £1 e8ch. The company is registered as 8 Charity by the Charity Commission on the 4 April 2018 under registration number 1177808 and commenced its charitable activities from this date. Appointment. Induction and Training of Trustees The overall govemance and financial responsibility is vested in the trustees, as set within these financial statements. The trustees are also directors of the charity for the purposes of company law. Further trustees may be appointed at any time, at the discretion of the trustees. The majority of the current trustees have been involved with the organisation Sin it was established and are familiar with the practical work of the charity. New trustees are invited to a meeting with the Chairman and, at which details of the charity and the context within which it operates are provided, including.. The obligations of the trustees., The operational fr8mework of the charity including the Memorandum and Articles of Asso¢iation,' Resourcing and the Current financi81 position including the lalesl published and management accounts., Future plans and objectives. Risk Management The trustees have identified the major risks facing the Charity and have assessed their potential impact. Appropriate systems have been established to monitor and mitigate these risks. Hawng been through the pandemic and seen so much travel restricted we fully understand how to continue to run the charity projects remotely from the UK. Our Futurestars Staff are fully experienced and can deliver the projects in line with the charity's strategy and goals. Using video calls and weekly meetings we are able lo manage the staff and projects from the UK with full support from our board of Trustees. The Charity Director will retum lo Ghana at least once a quarter lo monitor the staff, projects, partners and partner schools on a regular basis. Then he will report lo the Board of Trustees on a quarterfy basis with projects reports and impact measurement. This will eliminate the risk of poor project management and lack of partner Contscl. Independent axamlnor reappolntmgnt A resolution to appoint A Robinson FCA of Lovewell Blake LLP as independent examiner will be proposed at the next meeting. Small company provisions This report has been prepared taking advantage of the small companies. exemption of section 415A of the Companies Act 2006. 10-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Trustees. annual report (incorporating the directors. report) (contlnued) Year ended 31 March 2025 The trustees. annual report was approved on Iruslees by.. 1411212025 and signed on behalf of the board of G L Miller Ichaimianl Trustee 11
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Independent examiner's report to the trustees of Futurestars (West and Central Africa) Year ended 31 March 2025 I report lo the charity trustees on my examination of the financial statements of the company for the year ended 31 March 2025 which comprise the statement of financial activities lincluding income and expenditure accounll, balance sheet and the related notes. Rosponslbllltlos and basls of rèport As the charity trustees of the company18nd also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in aOrdanCe with the requirements of Ihg Companies Act 20061'the 2006 A¢t'l. Having satisfied myself that the financial statements of the company are not required to be audited Ljnder Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's financial statements as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under sects'on 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confimi that no matters have come lo 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 company as required by section 386 of the 2006 Act., or the financial slalements do not accord with those records., or the financial statements do not comply with the accounting requirements of soction 396 of tho 2006 Act other than any requirement that the a¢¢ounts give a 'trLJe and fai¢ view which is not a matter Considered as part of an independent examination", or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charilies applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. A RoL>inson FCA Independent Examiner Lovewell Blake LLP Charted a¢¢ountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA 151L212025 12-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee statement of financial activities {including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds 2024 Total funds Notè Incom8 and ondowments Donations Other trading activities Total incom6 149,830 18,716 149,830 18.716 94,950 27,056 168.546 168,546 122,006 Expenditure Raising funds Costs of raising donations and legacies Charitable activities 6,138 163,684 6,138 163,684 151,621 Total expenditur 169,822 169,822 151,621 Net expenditure and net movement in funds 11,2761 11,2761 {29,6151 Reeoneiliatian of funds Total funds brought forward Total funds ¢arrled forward 91,681 91,681 121,296 90,405 90,405 91,881 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing activities. The notes on pages 15 to 21 form part of these financial statements. 13-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Balance sheet 31 March 2025 2025 2024 Nots Flxèd assets Tangible fixed assets 12 32,461 18,624 Currant assèts Debtors Cash al bank and in hand 13 12,430 48,294 22,206 54,361 60,724 76,567 Creditors: Amounts falling due within one year 14 12,7801 13,5101 Net current assets 57,944 73,057 Total assets less current liabilities 90,405 91,681 Net assets 90,405 91,681 Funds of the charity Unrestricted funds 90,405 91,681 Total charity fund5 15 90,405 91,681 For the year ending 31 March 2025 the charity was enlided lo exeTnption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, responsibilities- The members have not required the company to obtain an audit of ils financial slalements for the year in question in accordance with section 476., The directors a¢knowledge their responsibilities for complying with the requirements of the Act with iespe¢l lo accounting records and the preparation of financial ststemenls. These financi81 st8temenls have been prepared in accordance with the provisions applicable lo comp8nies subject to the small ¢ompanies' regime. These financial statements were approved by the board of trustees and authorised for issue on 1411212025 and a signed on behalf of the board by.. G L Miller {Chairmanl Trustee Corllpany registration number.. 10845174 The notes on pages 15 to 21 form part of these financial statements. 14-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Notes to the financial statements Year ended 31 March 2025 General information The charity is a public benefit entity and a private cornpany limited by guarantee, registered in England and Vvales and a registered charity in England and Wales. The address of the registered office is 30 Church Road. Tattingslone. Ipswich, Suffolk, IP9 2NA. Statamant of compliance The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in a¢cordan¢e with A¢uting and Reporting by Charities.. Statement of Recommended Practice applicable to charitiès preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. A¢¢ounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. Golng concèm The accounts have been prepared on the going ¢on¢em basis and the trustees believe that no material un¢ertainlies exist. The trustees have consided the level of funds held and the expected income and expenditure for the next 12 months from 8Uthorising these fin8n¢ial statements. The budgeted in¢ome and expenditure are sufficient with the level of reserves for the Charity to be able to continue as a going concem. Income tax As a registered charity, the activities are exempt from United Kingdom Income and Corporation taxation, provided that the income is applied to charitable purposes. Foreign ¢urren¢ies The assets and liabilities and income and expenditure arising in Ghana are accounted for as a foreign branch in accordance with the provisions of FRS102 and are translated al the closing exchange rate. Exchange differences arising on the relranslalion of the opening nel assets for consolidation purposes are included in the Statement of Financial Activities. The exchange rates used in these financial statements are as follows.. 31 March 2025.. £1 = GHS 20.13 31 March 2025.. £1 USD 1.29 31 March 2024. £1 GHS 16.73 31 March 2024." £1 USD 1.26 Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds, where relevant., are unrestricted funds earmarked by the trustees for particular future project or commitment. 15-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Notes to the financial statements IctsnllnuÈdJ Year ended 31 March 2025 A¢¢ounting poli¢ies [ntInUed) Fund accountlng (continued) Restricted funds, where relevant., are funds subjected lo restrictions on their expenditure de¢l8red by the donor or through the terms of an appeal, and fall into one of two sub-dasses.. reslricled income funds or endowment funds. Income l income is included in the statement of financial activities when entidement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measLJred. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. income from fundraising and similar events, is recognised when there is evidence of enlitlemenl to the funds, receipt is probable, and its amount can be measured reliably. Fundraising income is shown within other trading acliwties. Expèndlture Expenditure is recognised on an 8ccruals basis as ¥ li8bilily is incurred. Expenditure includes any VAT which cannot be fully recovered, and is ¢18ssified under headings of the ststemenl of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes 311 costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs allributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consislenl basis. Oporatlng 1oas•s Le8se payments are gnised 8$ 8n expense over the lease term on a slraighl-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease temi, on a straight-line basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumLJlated depreciation and impairment losses. 16-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Notes to the financial statements IctsnllnuÈdJ Year ended 31 March 2025 A¢¢ounting poli¢ies [ntInUed) D$proclatlon Depreciation is ¢8lcul8led so as lo write off the Cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Plant and machinery Motor vehicles Equipment 250/0 Straight line 250/0 reducing balance 250/0 Straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. Financial instruments Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs, unless the arrangement conslitules a financing transaction, where il is recognised al the present value of the future payments discounted at a market rale of interest for a similar debt inslrumenl. Current assets and current liabilities are subsequently measured 8t the cash or other consideration expected to be p8id or received and not discounted. Debt instruments are SLJbseqLJently measured at amortised cost. Limited by guarantee The charity is a company limited by guarantee and does not have share capital. In the event of liquidation the liability of the members is limited to £1 each. Donations Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Trust Alliance Group OMA Group Ltd Yinson Leyland Ran8 Motors P1 Capital Services Gift in kind Donations of £5,000 or less 21.576 19.928 12.522 9.640 21,576 19.928 12,522 9,640 ,840 9.712 8,841 6,840 9,712 8,841 8,607 8,607 5,000 24,700 56,464 5,000 24,700 56,464 15,000 45,950 15,000 45,950 149,830 149,830 94,95Q 94,950 17-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Notes to the financial statements IctsnllnuÈdJ Year ended 31 March 2025 Other trading a¢tivitie$ Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Fundraising events 18,716 18,716 27,056 27,056 Costs of raising donations and legacies Unreslricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fundraising expenditure 6,138 6,138 Exyndlture on ¢harltsble a¢tlvltl•$ Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Providing a¢livilies Sports equipment. kit and clothing Travelling costs ovérseas Volunteer expensès Container expenses PR, literature and development costs Foreign exchange losses Staff costs Support costs 46,259 25.638 15,294 1,754 5,415 10,891 3,817 22,668 31,948 46.259 25.638 1 5,294 1,754 5,41 S 10,891 3,817 22,668 31,948 33,536 17,053 20,059 2,093 7,783 3,876 8,911 27,536 30,774 33,536 17,053 20,059 2,093 7,783 3,876 8,911 27,536 30,774 163,684 163,684 151,621 151,621 Analysis of support Costs 2025 2024 Insurance Computtrr. printing, slaliontrry and softwar& Travèl eosts UK Indépèndènt èxaminer feas Légal and other professional fees Marketing and advertising Other costs Depreciation Loss on disposal of fixed assets Bank charges 1,192 2,323 3,208 2,416 4,425 6,140 5,097 4,195 2,074 878 1,156 1,204 1,921 2,347 3,425 6,800 6,219 6,999 703 31,948 30,774 18-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Notes to the financial statements IctsnllnuÈdJ Year ended 31 March 2025 10. Net expenditure Nel expenditure is slated after Chargingllcreditingl.. 2025 2024 Depreciation of tangible fixed assets Foreign ex¢h8nge differences 4,195 3,817 6,999 8,911 11. Staff costs The tolal staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries 22,668 27,536 The Iruslees neither received not waived any remuneration during the year12024.. £Nill and no trustee received reimbursement of expenses during the year12024 One trustee.. £2001. The average head count of employees during tha year was 212024.. 2}. No èmployèe racèivèd èmployèè bènafits of mora than £60,000 during thè yèar {2024". Nill. 12. Tangible fixed assets Plant and machinery Motor vehicles Equipment Total Cost At 1 April 2024 Additions Disposals At 31 March 2025 3,68 4,301 52,640 23,982 137,7171 38,905 3,728 86D 60,054 29,143 137,7171 51,480 7,987 4,588 Depreciation At 1 April 2024 Charge for the year Disposals At 31 March 2025 2,053 1,267 37,203 1,972 126,6071 12,568 2,175 956 41,431 4,195 126,8071 19,019 3,320 3,131 Carrying amount At 31 March 2025 4,667 26,337 1,457 32,461 Al 31 March 2024 1,633 15,437 1,553 18,623 13. Dabtors 2025 2024 Trade debtors Prepayments and accrued income Other debtors 2,000 7,425 12,781 3,887 8,543 12,430 22,206 19-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Notes to the financial statements IctsnllnuÈdJ Year ended 31 March 2025 14. Creditors- Amounts falling due within one year 2025 2024 Accruals and deferd income 2,780 3,510 15. Analysis of charitable funds Unrestricted funds Al 1 April 2024 Al 31 March 2025 Income Expenditure Transfers General funds 91,681 168,546 1169,8221 90,405 At 1 April 2023 At 31 March 2024 Income Expenditure Transfers General funtJs 121,296 122,006 1151,6211 91,681 16. Analysis of net assets between funds As al 31 March 2025 Unrestricted Funds Restricted Totsl Funds Funds 2025 Tangible fixed assets Nel ¢urrenl assets 32,461 57,944 32,461 57,944 Net Assets 90,405 90,405 As at 31 March 2023 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Nel current assets 18,624 73,057 18,624 73,057 Net As$¢t$ 91,681 91,681 17. Oparating lease commitments The total future minimum lease payments under non-¢an¢ellable operating leases are as follows.. 2025 2024 Not later than 1 year 7,417 7,602 -20-
Docusign Envelope ID.. 1 DBAA7FD-4EC24824-9227-A19EDSA05C38 Futurestars (West and Central Africa) Company Limited by Guarantee Notes to the financial statements IconllnuÈdJ Year ended 31 March 2025 18. Related parti¢$ During the year the charity received donations from lo OMA Ltd of £19,928 12024.. £9,712). The trustee's G L Miller and C Noukpo are directors of OMA Ltd and S C Milton is an employee of OMA Ltd. OMA Ltd fa¢ili181es the payroll processing and payments on behalf of the charity. During the year the Charity paid P Milton amounts for treasurer services £4,425 12024.. £3,425). P Milton is related to the trustee S C Milton. There were no other related party transaction in this or the prior year. As at the year end date the charity was owed £8,40012024.' £11,200} relating to an interest free loan pmvided to the charity's Country Manager E Okyne-Tetteh. -21