## **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: - 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, 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: - 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 25 people in one of two partner countries before the end of the next financial year. (Romania 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 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|| ||||||| |**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**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
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