FOUNDATION FOR THE FUTURE Building Communities from the Ground-Up
Report of the Trustees
Foundation for the Future
1[ST] April 2023 – 31[st] March 2024
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 01.04.23 through to 31.03.2024.
2. Our Objectives
The Objectives of the Foundation for the Future are for the public benefit:
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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
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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, funds gained through donations has been deposited in this account. However, only a limited amount of funding has been used for charitable purposes, this year from this account.
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. The Foundation for the Future contributed £4,500.00 to the scheme the rest was funded through Erasmus funding.
Due to still having funding available through Erasmus, this means the Foundation will carry £52,485.00 through to the following financial year.
4. Activities
From April 2023 until the end of March 2024 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 and Foundation for the Future funding, the charity has supported 25 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 |
|---|---|---|---|
| 10 | Supporting families in Roma community to access better housing, utilities, services , education. |
FAST, Romania | Pre and post 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. |
| 5 | Repair and maintenance work for a residential respite centre for people with cerebral palsy. |
Soncek, Slovenia | |
| 10 | Working at an orphanage and school to repair and refurb the building. Working with children and young people attending the school. |
Oltolom, Hungary |
The FFF charity contributed £4,500.00 of their funds towards the cost of paying for the training and placements, and were fully responsible for 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 participants 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 fully subsidise the charitable endeavours with resources from the charity to ensure as many people as possible are supported to take advantage of this unique experience. In 2024 -25 we expect to:
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Further develop our programme of vocational training for people from disadvantaged neighbourhoods.
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Continue to provide access to educational support for people considering placements.
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Placement of up to 25 people in one of two partner countries before the end of the next financial year. (Romania and Hungary)
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Management of all aspects of placement and post placement work.
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Develop an improved Marketing and Communications plan.
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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 7 trustees who provide direction, leadership and governance. There can only ever be a maximum of 12 Charity trustees.
In this period, we have appointed a new Chair Noel Sharpe, and a new Trustee Dawn Yates Obe, two Trustees have left us, Darren Knight and Karen Westsmith.
Trustees
Noel Claire Sharpe ( Chair) Charlotte Norman Dave Bagley Vanessa Toni Barlow Atanu Kumar Bhattacherjee Dawn Yates Obe Sue Sutton
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 01/04/2023 – 31/03/2024.
Signed Noel Sharpe (Chair Person)
Signature _ ____
Date 06.01.2025
| Charity Name Foundation for the Future |
Charity Name Foundation for the Future |
Charity Name Foundation for the Future |
No (if any) | CC16a | |
|---|---|---|---|---|---|
| For the period from |
Period start date 4/1/2023 |
To |
Period end date 3/31/2024 |
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| Section A Receipts and payments | |||||
| A1 Receipts Cash Donation Bacs Transfer MSV - - - - - - - - - - Sub total - Total receipts - A3 Payments - - - - - - - - - Sub total - - - Sub total - Total payments - Net of receipts/(payments) - A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end - Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). Contribution towards Placements in Hungary A4 Asset and investment purchases, (see table) |
to the nearest £ 1,985 5,000 - - - - - - 6,985 - - - 6,985 4,500 - - - - - - - - 4,500 - - - 4,500 2,485 - - 2,485 Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 1,985 5,000 - - - - - - 6,985 - - - 6,985 4,500 - - - - - - - - 4,500 - - - 4,500 2,485 - - 2,485 |
Last year to the nearest £ |
|
| - - - - - - - - - |
1,985 | ||||
| 5,000 | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| 6,985 | - | ||||
| - - - |
|||||
| - | |||||
| - | - | ||||
| - | - | ||||
| - | 6,985 | - | |||
| - - - - - - - - - - |
4,500 | - | |||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| 4,500 | - | ||||
| - - - |
- | ||||
| - | |||||
| - | - | ||||
| - | 4,500 | - | |||
| 2,485 | - - - - |
2,485 | - | ||
| - | - | - | |||
| - | - | 50,000 | |||
| 2,485 | 2,485 | 50,000 |
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | 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 Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 2,485 - 50,000 - - - 52,485 OK Agreement Error to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Noel Sharpe Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
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| - | |||
| - | |||
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| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
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| Noel Sharpe | 1/27/2025 | ||
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