DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Charity Registration No. 1180845
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES CONTENTS Page Trustees, Annual Report Independent examiner's report Statement of Financial Activities Balan Sheet Notes to the Financial Statements
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 ST The Trustees present their report and financial statements for the year ended 31st March 2025 for the Charitable Incorporated Organisation. The financial statements have been prepared in accordance with the Charitable Incorporated Organisation's trust deed, the Charities Act 2011 and 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 published {FRS 102) {effective 18t January 2019). OBJECTIVES AND ACTIVITIES The object of the Charitable Incorporated Organisation is, for the public benefit, to relieve the needs of young people under the age of 25 with Special Educational Needs and Disabilities {SEND) by the provision of facilities for training and work experience designed to assist with developing their confidence, capabilities, skills and employability. Public Benefit In considering the objectives and activities, the Trustees have considered the Charity Commission's guidan on Public Benefit to ensure that the organisation is meeting its Public Benefit requirements. ACHIEVEMENTS AND PERFORMANCE The café was open from Tuesday to Friday during school term time. On Monday afternoons we open it for some of our most vulnerable pupils who have various mental health needs. These pupils use the café facilities to make their own lunch and to then bake cakes to sell in the café from Tuesday to Friday. We continue to provide work experience to students. through helping to prepare food and serve customers, as well as to be a source of reasonably priced, well-prepared food for the local community. Some trainees have moved on to other forms of work experience or internship. Employment at the café has given them new skills and an increased Confiden to use these skills in other workplaces. Trainees have moved on to placements at the Liverpool Women's Hospital or the Delta Marriot Hotel. Some former trainees now have permanent paid employment. Sandy Park Café is a key part of an employment strategy to ensure these young people gain the ne$Sary, experien, knowledge and skills to move on to the next stage of their lives. We have supported the salary of two assisted apprentices; one has moved on to a permanent job and the other is undertaking her apprenticeship at the moment with a view to an opportunity of future employment. She is presently undertaking a voluntary placement to help her develop further skills ready for future paid employment. 25 Students have been provided work experience opportunities with the café during the year. They have worked through a programme of skills development that includes cleaning, serving, preparation of food, using specialist equipment, and customer service. The skills trainees have acquired, help them with the next step of their employment programme. One trainee this year has just enrolled on a catering course. The progress each trainee has made has been excellent. One of the main successes has been the increased confidence and social skills that trainees exhibit after their work experience at the café.
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 ST The staff have played a crucial role in this development, and the programme has been very well designed to ensure this Sucss. We have increased the number of pupils at the Café with our mental health unit at the school preparing and cooking food. FINANCIAL REVIEW Total income for the year was £31,972 (2024.. £29,682) including rent of £7,129 {2024= £6,581), of which £nil (2024= £nil) related to funding for projects upon which restrictions are placed. Total expenditure for the year was £31,193 (2024.. £36,442) leaving a surplus for the year of £779 (2024.. deficit £6,760). At 31st March 2025 the Charitable Incorporated Organisation's reserves stood at £26,542 (2024.. £25,763), of which £3,122 (2024.. £4,025) represented restricted reserves. Risk Management The main risks to which the Charitable Incorporated Organisation is exposed as identified by the Trustees have been considered and systems have been established to mitigate those risks. Reserves Policy Reserves are defined by the Charity Commission as unrestricted funds expendable at the discretion of the Trustees in furtherance of the Charity's objects. The Trustees reserves policy has been agreed in accordance with the Charity Commission Guidance. The reserves policy is set to ensure that the charity is operating with sufficient unrestricted free reserves to avoid financial difficulties and has been set at a minimum level of three months of operating costs. As at the end of the financial year the unrestricted funds totalled £23,420 less unrestricted fixed assets of £1,588 leaving free unrestricted reserves of £21,832. The Charitable Incorporated Organisation requires £7,573 for three months, operating costs. The trustees plan for the balance of the unrestricted will be the continuation of activities and replacement of equipment when needed. This year we have also costed out replacement of some major items of equipment. This would be approximately £10,000. STRUCTURE, GOVERNANCE AND MANAGEMENT student Futures is a registered Charitable Incorporated Organisation (CIO), number 1180845 formed on 26th November 2018, under the terms of their constitution 10th April 2018. There must be at least three charity trustees, if the numbers falls below this minimum, the remaining trustees may act only to call a meeting of the charity trustees or appoint a new charity trustee. There is no maximum number of charity trustees that may be appointed to the CIO. The first trustees appointed will remain in office as follows. Mark Hilton three years (Reappointed October 2022 for 3 years) three years {Reappointed March 2022 for 3 years) three years {Reappointed March 2022 for 3 years) two years (Reappointed May 2024 for 3 years) Keith McDowall Paul Bibby Julia Casimo
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 ST Apart from the first charity trustees, every trustee must be appointed for a tem of three years by resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustee, the charity trustees must have regard to the skills, knowledge and experience needed of the effective administration of the cio. The charity trustees will make available to each new charity trustee, on or before his or her first appointment. A copy of the current version of this constitution, and A copy of the CIO'S latest trustee, Annual Report and Statement of Accounts. REFERENCE AND ADMINISTRATIVE DETAILS Name student Futures Charity number Address & Office 1180845 Sandfield Park School South Drive, Sandfield Park Liverpool, L12 1 LH The members of the Board of Trustees are as follows.. Trustees P Bibby J Casimo M Hilton K McDowall Independent examiner Ying Huang ACCA clo LCVS 151 Dale Street, Liverpool, L2 2AH Bankers Santander UK PIC Bindle Road Bootle Merseyside L30 4GB Signed on behalf of the Trustees DoCu$ned by.. th(} JSSC28Bt&62147A Hilton, Trustee 29 January 2026 Date:.......................................
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STUDENT FUTURES I report on the accounts of the Charitable Incorporated Organisation for the year ended 31st March 2025 which is set out on pages 6 to 15. Res ective res onsibilities of trustees and examiner The Charitable Incorporated Organisation's Trustees are responsible for the preparation of the accounts. The Charitable Incorporated Organisation's Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of inde endent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charitable Incorporated Organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Inde endent exan7iner's staten7ent In connection with my examination, no matter has come to my attention- (1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act., to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met., or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Ying Huang Relevant professional qualification or body.. ACCA Address.. c/0 LCVS 151 Dale Street. L2 2AH Dated.. 29 January 2026 DF051AE92EBDIB6
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 Notes Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Income and Endowments from Donations and legacies Charitable activities Other trading activities 10,739 14,104 7,129 10,739 14,104 7,129 10,109 12,992 6,581 3b 3c Total income 31,972 31,972 29,682 Expenditure on Charitable activities 30,290 903 31,193 36,442 Total expenditure 30,290 903 31,193 36,442 Net incomel{expenditure), net movement in funds 1,682 (903) 779 (6,760) Total funds brought forward 9, 11 21,738 4,025 25,763 32,523 Total funds carried forward 9, 11 23,420 3,122 26,542 25,763 The notes on pages 8 to 15 form part of these accounts. All the above amounts relate to continuing activities of the Charitable Incorporated Organisation.
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES BALANCE SHEET AS AT 31ST MARCH 2025 Notes 31st March 2025 31st March 2024 Fixed assets Tangible fixed assets Right of use asset 4,710 6,010 1,356 4,710 7,366 Current assets Debtors Cash at bank and in hand 23,934 20,442 23,934 20,442 Current liabilities Creditors.. amounts falling due within one year (2,102) (2.045) Net current assets 21,832 18,397 Total assets less current liabilities 26,542 25.763 Funds: Unrestricted funds Restricted funds 9,10 9,11 23,420 3,122 21,738 4,025 26,542 25,763 29 January 2026 Approved by Trustees on . Docu8b3Mdty'. Èh( JSSC28È&B62147 Hilton, Trustee
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 1. Limited Liability The charity is a Charitable Incorporated Organisation limited by guarantee. Each member's liability is limited to £10. 2. Accounting Policies Basis of Accounting The financial ststements have been prepared in accordance with the Statement of Recommended Practi. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (SORP 20191 (effective 1st January 2019) and Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the Charitable Incorporated Organisation. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The Charitable Incorporated Organisation has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concem At the time of approving the accounts, the Trustees have a reasonable expectation that the Charitable Incorporated Organisation has adequate reserves to continue in operational existence for the foreseeable future. The Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the Charitable Incorporated Organisation, free reserves available for the Trustees to apply in accordance with the Charitable Incorporated Organisation's objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure. Income recognition All income is recognised once the Charitable Incorporated Organisation has entitlement to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations which are recognised in the accounts when received, with the exptIon of known legacies which are accounted for when their reIpt is certain. Income from charitable activities is recognised on an accrual's basis except for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Other Income relates to rental income and is recognised when the amount is certain.
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Fixed Assets Capital expenditure is stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its expected useful life as below.. Catering Equipment Right of use assets Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charitable Incorporated Organisation to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relate to the operation of the Charitable Incorporated Organisation comprising of direct charitable expenditure to meet the objectives of the Charitable Incorporated Organisation. Support and governance costs relate to the management and operation of the organisation and also Complian with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the Charitable Incorporated Organisation. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. 20 % per annum reducing balance basis Depreciated over the term of the lease Financial instruments The Charitable Incorporated Organisation has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charitable Incorporated Organisation's balance sheet when the Charitable Incorporated Organisation becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charitable Incorporated Organisation's contractual obligations expire or are discharged or cancelled. Critical accounting estimates and judgements In the application of the Charitable Incorporated Organisation's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised where the revision affects only that year, or in the year of the revision and future years where the revision affects both current and future years. All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Cost of charitable activities relate to the operation of the Charitable Incorporated Organisation comprising of direct charitable expenditure to meet the objectives of the Charitable Incorporated Organisation. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Slatement of Financial Activities when payment has been approved by the Charitable Incorporated Organisation. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The Charitable Incorporated Organisation benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. The Charitable Incorporated Organisation is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. 10
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 3. Income and endowments from: Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024 a. Donations and legacies Donations 10,739 10,739 10,109 Donations and legacies income for year end 2024 related wholly to unrestricted fund. b. Charitable activities Café Income 14,104 14,104 12.992 Charitable activities income for year end 2024 related wholly to unrestricted fund. c. Other trading activities Rental income 7,129 7.129 6,581 Other trading activities income for year end 2024 related wholly to unrestricted fund. 4. Expenditure on charitable activities Direct Support & charitsble Governance Expenditure Costs Totsl 2025 Total 2024 Provision of facilities for training and work experien for Special Educational Needs and Disabilities under 25 years old 28,766 2,427 31,193 36,442 analysed as follows 2025 2024 Direct Charitable Expenditure.. Café expenses Waste disposal and cleaning Utilities Propety repair and refurbishment Equipment Supported apprenticeship costs Depreciation Deprecation right of use Loss on Disposal of fixed assets 11,965 893 5,120 2,619 22 5,491 1,177 1,356 123 12,071 999 6,480 1,409 243 2,746 1,503 8,135 28,766 33,586
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Support and govemance costs.. Insurance Gifts Stationery & Postage Student expenses Travel expenses Telephone and broadband Sundry expenses Accountancy 730 238 631 371 449 105 890 855 149 850 2,427 2,856 Total expenditure on charitable activities 31,193 36,442 £903 (2024.. £1,006) of the above expenditure is restricted expenditure. b. Staff Costs There were no employees during the year up to 31st March 2025 and 31st March 2024. The Trustees are not remunerated for their services and are not included in the above number of employees. No out-of-pocket expenses were reimbursed to Trustees during the year. 5. Tangible fixed assets Catering Equipment Totsl Cost Balan at 1$t April 2024 Disposals 23,813 (486) 23,813 {486) Balance at 31st March 2025 23,327 23,327 Depreciation Balance at 1st April 2024 Charge for the year Disposals 17,803 1,177 (363) 17,803 1,177 (363) Balance at 31st March 2025 18,617 18,617 Net book value at 31st March 2025 4,710 4,710 Net book value at 31st March 2024 6,010 6,010 12
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 6. Right of use assets Building Lease Total Cost Balan at 1st April 2024 Additions 40,675 40,675 Balan at 31st March 2025 40,675 40,675 Depreciation Balance at 1st April 2024 Charge for the year 39,319 1,356 39,319 8,135 Balance at 31st March 2025 40,675 39,319 Net book value at 31st March 2025 1,356 Net book value at 31st March 2024 1,356 1,356 The charity holds a peppercorn lease of a Lancashire Rose. This is a five-year lease with A J Bell Trust dated 14th May 2019, this was renewed for 5 years in June 2025. 7. Debtors 8t There were no debtors at 31 March 2025 (2024.. £Nil) 8. Creditors: amounts falling due within one year 2025 2024 Accruals 2,102 2,045 2,102 2,045 9. Analysis of net assets between funds 2025 Tangible Fixed Assets Net Current Assets Total Unrestricted Funds General Fund 1,588 21,832 23,420 Restricted Funds Liverpool City Council 3,122 3,122 Totals 4,710 21,832 26,542
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 2024 Right of Use Tangible Assets Fixed Assets Net Current Assets Total Unrestricted Funds General Fund 1,356 1,985 18,397 21,738 Restricted Funds Liverpool City Council 4,025 4,025 Totals 1,356 6,010 18,397 25,763 10. Unrestricted Funds Movements in the year Income Expenditure 2025 Reserves at beginning of year Resenies at end of year General Fund 21,738 31,972 (30,290 23,420 Movements in the year Income Expenditure 2024 Reserves at beginning of year Reserves at end of year General Fund 27,492 29,682 (35.436 21,738 General Fund is used to finance the Charitsble Incorporated Organisation general activities and core costs as outlined in the Trustees, Report. 11. Restricted Funds Movements in the Year Income Expenditure 2024 Reserves at beginning of year Reserves at end of year Liverpool City Council 4,025 (903) 3,122 4,025 (903 3,122 14
DoGUSign Envelope ID." 5433950CA35D.49F1_931C-F06957ACCF74 STUDENT FUTURES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Movements in the Year Income Expenditure 2024 Reserves at beginning of year Reserves at end of year Liverpool City Council 5,031 (1,006) 4,025 5,031 (1,006 4,025 These are monies given to the Charitable Incorporated Organisation to be spent at the discretion of the Board of Trustees for specific charitable purposes, as follows.. Liverpool City Council - Contribution towards catering equipment 12. Related Parties Mark Hilton a trustee is also an unremunerated director of the main supplier Food for Thought Merseyside Limited is a not for profit company limited by guarantee without share capital for the value of £8,853 (2024: £9,470> (company number 05455926).