**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 £**
**-**
**-**
**-**
**-**
**-**
**-**
**Print**
**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**