FOUNDATION FOR THE FUTURE Building Communities from the Ground-Up
Report of the Trustees
Foundation for the Future
1[ST] April 2022 – 31[st] March 2023
Charity No: 1185521
The Trustees of the Foundation for the Future Charity present their annual report and audited accounts for the year ended 31 March 2023 and confirm they comply with the requirements of the Charities Act 2011.
Foundation for the Future Annual Report
1. Our Aims
The Foundation for the Future Incorporated Charitable Organisation (ICO) was formed to support and advance the prevention or relief of poverty for individuals and communities through the provision of opportunities, grants and resources, targeted at those most vulnerable to improve their life chances now and in the future.
This report details the objectives of the charity, its governance and management for the period 01.04.22 through to 31.03.2023.
2. Our Objectives
The Objectives of the Foundation for the Future are for the public benefit:
-
a. To advance in life and help young people aged up to the age of 30 through the provision of support and activities including overseas volunteering, which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals
-
b. The prevention or relief of poverty anywhere in the world by providing or assisting in the provision of education, training, work placements and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.
3. The Foundation Funds
The Foundation for the Future gained charitable status in September 2019, due to the impact of Corona Virus and several lockdowns the charity was not able to open a bank account in its own name until September 2022.
As of September 2022 we have had a bank account with Metro Bank, funding has been deposited in this account, however we have not as yet used any of the funding in this account for charitable purposes.
This is due to one of the organisations involved in the Charity (Bolton at Home) still having access to European funding (Erasmus+) and using the remainder of the funding to send people from disadvantaged backgrounds on training and work placements abroad. Due to the nature of Erasmus funding it had to be spent by December 2023, therefore the charity continued to support people to access these opportunities, but did so through funding received by Bolton at Home and managed by Bolton at Home.
Due to still having funding available The Trustees decided to preserve their funding for the following financial year.
4. Activities
From April 2022 until the end of March 2023 the Charity has continued to meet on a regular basis, the chair of the Charity Jon Lord resigned in January 2023 and Noel Sharpe was elected into the role of Chair.
Through Erasmus+ funding, managed and distributed by Bolton at Home, the charity has supported over 35 individuals from disadvantaged backgrounds to access training in the UK and to participate in work placements in Slovenia, Romania and Hungary, working within charitable organisations in all of the respective countries.
| People | Placement Type | Destination Country/ Host |
Training UK |
|---|---|---|---|
| 11 | Supporting families in Roma | FAST,Romania | Pre and post |
| People | Placement Type | Destination Country/ Host |
Training UK |
|---|---|---|---|
| community to access better housing, utilities, services , education. |
training undertaken, including cultural awareness, simple terms in native language, team working, group dynamics, social media training, fnances and budgeting. Post placement training includes preparing presentations and public speaking, fnal presentation at end of year event. |
||
| 10 | Repair and maintenance work for a residential respite centre for people with cerebral palsy. |
Soncek, Slovenia | |
| 14 | Working at an orphanage and school to repair and refurb the building. Working with children and young people attending the school. |
Oltolom, Hungary |
Whilst the charity did not use any of their own existing funds, they nevertheless were central to the oversight and management of the placements and the work being undertaken on behalf of the charity.
All participants received a certificate detailing their training and placement experience, all participant updated dedicated Facebook pages with insight into their placement and all participants were involved in the creation of a presentation and in delivering that presentation at an invite only event at the end of their placement.
5. Going Forward
The Charity will continue to oversee the final spend from Erasmus Funding, and will subsidise this funding with resources from the charity to ensure as many people as possible are supported to take advantage of this unique experience. In 2023 -24 we expect to:
-
Further develop our programme of vocational training for people from disadvantaged neighbourhoods.
-
Continue to provide access to educational support for people considering placements.
-
Placement of up to 30 people in one of three partner countries before the end of the next financial year. (Romania, Slovenia and Hungary)
-
Management of all aspects of placement and post placement work.
-
Develop an improved Marketing and Communications plan.
-
Develop further funding streams as we build the charity.
6. Structure, Governance and Management.
The Foundation for the Future is a CIO and is governed by its constitution, it currently has a body of 8 trustees who provide direction, leadership and governance. There can only ever be a maximum of 12 Charity trustees.
We have not recruited any new Trustees in the period covered by this report. However, we will actively recruit if we feel the need for additional skills on the Trustees Board.
Trustees
Noel Claire Sharpe ( Chair) Charlotte Norman Dave Bagley Vanessa Toni Barlow Darren Knight Atanu Kumar Bhattacherjee Carl Leslie Taylor Karen Lisa Westsmith
Foundation for the Future contact person:
Shauna Morton
Shauna.morton@boltonathome.org.uk
The Foundation for the Future registered address:
Valley House 98 Waters meeting Rd Bolton BL1 8SW Greater Manchester UK
This is a true representation of the operation of the Foundation for the Future 01/04/2022 – 31/03/2023.
Signed Noel Sharpe (Chair Person)
Signature ____
Date 06.01.2024
| FOUNDATION FOR THE FUTURE |
FOUNDATION FOR THE FUTURE |
FOUNDATION FOR THE FUTURE |
Charity no 1185521 | CC16a | |
|---|---|---|---|---|---|
| For the period from |
1-Apr-22 | To | 31-Mar-23 | ||
| Section A Receipts and payments | |||||
| A1 Receipts Charitable Grants 50,000 - - - - - - - 50,000 - - Sub total - Total receipts 50,000 A3 Payments - - - - - - - - - Sub total - - - Sub total - Total payments - Net of receipts/(payments) 50,000 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 50,000 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 50,000 - - - - - - - 50,000 - - - 50,000 - - - - - - - - - - - - - - 50,000 - - 50,000 |
Last year to the nearest £ |
|
| - - - - - - - - - |
50,000 | - | |||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| 50,000 | - | ||||
| - - - |
- | ||||
| - | - | ||||
| - | - | ||||
| - | 50,000 | - | |||
| - - - - - - - - - - |
- | - | |||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - - - |
- | ||||
| - | |||||
| - | - | ||||
| - | - | - | |||
| - | - - - - |
50,000 | - | ||
| - | - | - | |||
| - | - | - | |||
| - | 50,000 | - |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Grants Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ 50,000 - - 50,000 OK to nearest £ - - - - - - Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
|---|---|---|
| Noel Sharpe (Chair) | ||
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name FOUNDATION FOR THE FUTURE members of On accounts for the year 31 March 2023 Charity no 1185521 ended (if any) Set out on pages As attached
I report to the trustees on my examination of the accounts of the above charity (“Foundation For The Future”) for the year ended 31/03/2023.
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Date: 26[th] January 2024 Name: Naseem Kadir Relevant professional BA(Hons), FCCA qualification(s) or body (if any): Address: Business Intelligence and Payroll Solutions Ltd 43 Park Road Ilford, Essex IG1 1SB
1
October 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
October 2018
IER