## _**Building Communities from the Ground Up**_ ## **Foundation for the Future** ## **Trustees Annual Report 1[st] April 2024 – 31[st] March 2025.** The Trustees of the Foundation for the Future Charity present their annual report and audited accounts for the year ended 31 March 2025 and confirm they comply with the requirements of the Charities Act 2011. ## **Foundation for the Future – Annual Report** ## **Reporting period: 1 April 2024 – 31 March 2025** ## **1. Our Aims** Foundation for the Future, an Incorporated Charitable Organisation (ICO), was established to support and advance the prevention or relief of poverty for individuals and communities. We do this by providing opportunities, grants and resources targeted at those most vulnerable, helping to improve their life chances both now and in the future. This report outlines the charity’s objectives, activities, governance and financial management for the period 1 April 2024 to 31 March 2025. ## **2. Our Objectives** The charitable objectives of Foundation for the Future, for the public benefit, are: **a.** To advance in life and support young people aged up to 30 through the provision of activities and opportunities—including overseas volunteering —that develop their skills, capacities and capabilities, enabling them to participate in society as mature and responsible individuals. **b.** To prevent or relieve poverty anywhere in the world by providing, or assisting in the provision of, education, training, work placements and the necessary support to enable individuals to generate a sustainable income and become self-sufficient. ## **3. Financial Review** Foundation for the Future gained charitable status in September 2019. Due to the impact of the COVID-19 pandemic and associated lockdowns, the charity did not become fully operational until 2022. At the start of the 2024/25 financial year, the charity held **£52,485.00** in reserves. The charity received **no income** during this reporting period, and all activity was funded from existing reserves. Total expenditure for the year amounted to **£37,023.80** , leaving a closing balance of **£15,461.20** to carry forward into the 2025/26 financial year. Expenditure during the year supported: - Overseas placements for **18 participants** , including **3 Team Leaders** - A Health and Safety site visit to Romania for **two representatives** - Advance purchase of flights for **16 participants** scheduled to travel in 2025/26 ## **4. Activities and Achievements** Between April 2024 and March 2025, the charity continued to meet regularly. Noel Sharpe remained in post as Chair of the Board of Trustees. Through Foundation for the Future funding, **18 individuals from disadvantaged backgrounds** accessed UK-based training and undertook work placements in Romania and Hungary. Participants worked with charitable organisations in host communities, contributing to social, educational and community-development projects. ## **Placement Overview** |Participants|Placement Date &
Focus|Host
Organisation /
Country|UK Training
Provided| |---|---|---|---| |**6**|**May 2024**–
Supporting Roma
families to access
improved
housing, utilities,
services and
education
(2-week
placement)|FAST, Săcele,
Brașov,
Romania|Pre- and
post-placement
training including
cultural awareness,
basic language
skills, team working,
group dynamics,
social media,
fnances and
budgeting;
post-placement
presentationskills| |**6**|**July 2024**–
Working in an
orphanage and
school to repair
and refurbish
buildings;
supporting
children and
young people;
assisting with
outdoor
food-growing|Oltalom,
Budapest,
Hungary|As above| projects (2-week placement) **6 September** FAST, Săcele, As above **2024** – Brașov, Supporting Romania construction of a new community centre for the Roma community, including plastering, brickwork and pipework (2-week placement) ## **Grant Support** Each participant received a grant of **£1,500.00** , which covered: - Accommodation - Breakfast and lunch during the placement - Flights - UK and overseas transfers and transport - Pre-placement and post-placement training After these costs were met, participants received the remaining balance— on average **£450.00** —via a travel MasterCard. Variations occurred due to exchange rates and flight costs. ## **Impact Statement** Participants frequently describe their overseas placements as transformative, both personally and professionally. Many report that the experience of working within different cultures and communities has helped them to see situations from new perspectives and to better understand the challenges faced by others. This shift in outlook is often accompanied by significant personal growth, including increased confidence, improved self-esteem and the development of new practical and interpersonal skills. One participant reflected, _“I didn’t realise how much I would learn about myself. Being in a completely different environment made me see things differently and appreciate what other people go through.”_ Another commented, _“I came back feeling like a stronger version of myself. I proved I could cope, adapt and contribute.”_ Participants also consistently highlight the skills they gained through the structured training and hands-on work. As one young person shared, _“I’ve never worked in a team like that before. I learned how to communicate better and stay calm when things got challenging.”_ These reflections demonstrate the lasting value of the Foundation’s work. The placements not only support communities overseas but also equip participants with the confidence, resilience and skills that will benefit them long after their placement has ended. ## **5. Plans for the Future** In 2025/26, Foundation for the Future intends to continue fully subsidising its charitable activities to ensure that as many people as possible can benefit from these opportunities. Our priorities for the coming year include: - Expanding our programme of vocational training for people from disadvantaged neighbourhoods - Continuing to provide educational support for individuals preparing for placements - Supporting up to **20 participants** to undertake placements in Romania or Hungary - Managing all aspects of placement delivery and post-placement development - Strengthening our marketing and communications strategy - Developing additional funding streams to support the long-term sustainability of the charity ## **6. Structure, Governance and Management** Foundation for the Future is a Charitable Incorporated Organisation (CIO) governed by its constitution. The charity is led by a Board of Trustees, who provide strategic direction, leadership and oversight. The CIO permits a maximum of 12 trustees; during this reporting period, the Board comprised seven trustees. ## **Trustees** - Noel Claire Sharpe (Chair) - Charlotte Norman - Dave Bagley - Vanessa Toni Barlow - Atanu Kumar Bhattacherjee - Dawn Yates OBE - Sue Sutton ## **Contact Person** Shauna Morton Email: **shauna.morton@boltonathome.org.uk** ## **Registered Address** Foundation for the Future, Valley House, 98 Waters Meeting Road, Bolton. BL1 8SW, Greater Manchester, United Kingdom. This is a true representation of the operation of the Foundation for the Future 01/04/2024- 31/03/2025. Signed Noel Sharpe (Chair Person) Signature ________ _______________ Date. __25/01/2026____________ **Foundation for the Future** **No (if any) 1185521** ## **Receipts and payments accounts** Period start date Period end date 31.03.2025 **For the period from** 01.04.2024 **To** ## **CC16a** ## **Section A Receipts and payments** **Unrestricted Restricted Endowment funds funds funds** **Total funds Last year** |**Section A Receipts and payments**
**Unrestricted**
**funds**|**Section A Receipts and payments**
**Unrestricted**
**funds**|**Restricted**
**funds**|**Endowment**
**funds**|**Total funds**|**Last year**| |---|---|---|---|---|---| |**A1 Receipts**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_||**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**to the nearest £**|**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**to the nearest £**| ||**-**|**-**|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**|**1,985**| ||**-**|**-**||**-**|**5,000**| ||**-**|**-**||**-**|**-**| ||**-**|**-**||**-**|**-**| ||**-**|**-**||**-**|**-**| ||**-**|**-**||**-**|**-**| ||**-**|**-**||**-**|**-**| ||**-**|**-**||**-**|**-**| |**_Sub total_**_(Gross income for AR)_|**-**
|**-**||**-**|**6,985**| |**-**
**-**
**_Sub total_ -**
**_Total receipts_ -**
**A2 Asset and investment sales,**
**(see table).**||**-**
**-**
**-**
**-**||**-**
**-**
**-**
**-**|| ||||**-**
**-**
**-**|**-**|| |||||**-**|**-**| |||||**-**|**-**| ||||||| |||**-**|**-**|**-**|**6,985**| |**A2 Asset and investment sales,**|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |**(see table).**|||||||||||| |||**-**||**-**||**-**||**-**|||| |||**-**||**-**||**-**||**-**||**-**|| |**_Sub total_**||**-**||**-**||**-**||**-**||**-**|| ||||||||||||| |**_Total receipts_**||**-**||**-**||**-**||**-**||**6,985**|| |**A3 Payments**
Individual Grants
**-**
Operatingbudget
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_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_ -**
**A4 Asset and investment**
**purchases,(see table)**|**35,518**
**1,506**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**37,024**
**-**
**-**
**-**
**37,024**
**- 37,024**
**-**
**52,485**
**15,461**||**35,518**
**1,506**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**37,024**
**-**
**-**
**-**
**37,024**
**- 37,024**
**-**
**52,485**
**15,461**|| |---|---|---|---|---| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**35,518**|**4,500**| ||||**1,506**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**37,024**|**4,500**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|| ||||**-**|**-**| |||||| |||**-**|**37,024**|**4,500**| |||||| ||**- 37,024**|**-**
**-**
**-**
**-**|**- 37,024**|**2,485**| ||**-**||**-**|**-**| ||**52,485**||**52,485**|**50,000**| ||**15,461**||**15,461**|**52,485**| |**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 £**
**-**
**15,461**
**-**
**-**
**-**
**-**
**-**
**15,461**
OK
OK
**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
approval| |||Noel Sharpe|1/24/2026| ||||| ## **Foundation for the Future** **Charity Number 1185521** ||**Income**|**Supplier/Allocaton**|| |---|---|---|---| ||||| |£0.00|||| |**Budget**|**Supplier/Allocaton**| |---|---| |Individual Grants|Travel Councillors| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Budget|Travel Councillors| |Individual Grants|Travel Councillors| |Individual Grants|Cash| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Budget|Post Ofce| |Individual Grants|Impulso Fashion Hotel| |Budget|METRO Bank| |Individual Grants|FAST| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Budget|METRO Bank| |Individual Grants|Oltalom Karitatv Egyesulet| |Individual Grants|Travel Councillors| |Budget|Travel Councillors| |Individual Grants|Travel Councillors| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Individual Grants|Post Ofce| |Budget|Post Ofce| |Individual Grants|Cash| |Individual Grants|Post Ofce| |Individual Grants|Travel Councillors| |Individual Grants|FAST| |---|---| |Budget|METRO Bank| |Individual Grants|Travel Councillors| |Individual Grants|Travel Councillors| |Budget|METRO Bank| |Individual Grants|MMG Hotels Budapest| ||| ||| ||| ## **Budget Amount** ## **£52,485.00** |**Total**
**£52,485.00**|**Total**
**£52,485.00**| |---|---| |**Descripton**
**Amount**|| ||| ||£0.00| |**Descripton**|**Amount**| |---|---| |Flights for sixpartcipants to Romania|£1,853.88| |Master Card for Expenses for eachpartcipant.|£450.05| |Master Card for Expenses for eachpartcipant.|£450.05| |Master Card for Expenses for eachpartcipant.|£450.05| |Cost for name change on fights|£118.15| |Flights for sixpartcipants to Hungary|£2,178.00| |Payment for return transfers to Airport for 6people|£220.00| |Master Card for Expenses for eachpartcipant.|£449.63| |Master Card for Expenses for eachpartcipant.|£449.63| |Master Card for Expenses for eachpartcipant.|£449.63| |Team Leader Expenses in Romania|£995.54| |Accomodaton costs Hungary|£3,399.08| |Outwardpayment charge(FAST)|£0.20| |Accomodaton costs Romania(FAST)|£3,793.80| |Master Card for Expenses for eachpartcipant.|£443.12| |Master Card for Expenses for eachpartcipant.|£443.12| |Master Card for Expenses for eachpartcipant.|£443.12| |Master Card for Expenses for eachpartcipant.|£443.12| |Master Card for Expenses for eachpartcipant.|£443.12| |Master Card for Expenses for eachpartcipant.|£443.12| |Outwardpayment charge(Oltalom)|£0.20| |Cateringservice|£682.33| |Accomodaton fights H&S visit|£819.34| |ParkingCharges H&S visit|£115.96| |Flights forpartcipants|£1,324.90| |Master Card for Expenses for eachpartcipant.|£484.85| |Master Card for Expenses for eachpartcipant.|£484.85| |Master Card for Expenses for eachpartcipant.|£484.85| |Master Card for Expenses for eachpartcipant.|£484.85| |Master Card for Expenses for eachpartcipant.|£484.85| |Team Leader Expenses in Romania|£275.48| |Payment for return transfers to Airport for 6people|£110.00| |Master Card for Expenses for eachpartcipant.|£483.07| |Additonal Flight|£267.98| |Accomodaton(Sept trip)|£3,728.64| |---|---| |Outwardpayment charge|£0.20| |Flights forpartcipants 7(Romania May25)|£2,191.09| |Flights forpartcipants 9(HungaryJune 25)|£3,635.55| |Outwardpayment charge MMG Hotels|£0.20| |Accomodaton forpartcipants in Hungary|£3,048.20| |**Total(£)**|**£37,023.80**| ||| |**Budget under spend(£)£15,461.20**|| ## **1st April 2024 - 31st March 2025** |**Date**
**Receipt**
**Paid**|**Date**
**Receipt**
**Paid**|**Date**
**Receipt**
**Paid**| |---|---|---| |||| |||20.03.2023| |**Date**|**Receipt**|**Paid**| |---|---|---| |02.04.2024|Received|02.04.2024| |13.05.2024|Received|13.05.2024| |13.05.2024|Received|13.05.2024| |13.05.2024|Received|13.05.2024| |14.05.2024|Received|14.05.2024| |14.05.2024|Received|14.05.2024| |14.05.2024|Received|14.05.2024| |15.05.2024|Received|15.05.2024| |15.05.2024|Received|15.05.2024| |15.05.2024|Received|15.05.2024| |15.305.2024|Received|15.305.2024| |03.06.2024|Received|03.06.2024| |03.06.2024|Received|03.06.2024| |03.06.2024|Received|03.06.2024| |20.06.2024|Received|20.06.2024| |20.06.2024|Received|20.06.2024| |20.06.2025|Received|20.06.2025| |20.06.2026|Received|20.06.2026| |20.06.2027|Received|20.06.2027| |20.06.2028|Received|20.06.2028| |15.07.2024|Received|15.07.2024| |15.07.2024|Received|15.07.2024| |25.07.2024|Received|25.07.2024| |30.07.2024|Received|30.07.2024| |30.07.2024|Received|30.07.2024| |29.08.2024|Received|29.08.2024| |29.08.2025|Received|29.08.2025| |29.08.2026|Received|29.08.2026| |29.08.2027|Received|29.08.2027| |29.08.2028|Received|29.08.2028| |29.08.2028|Received|29.08.2028| |29.08.2029|Received|29.08.2029| |30.08.2024|Received|30.08.2024| |03.09.2024|Received|03.09.2024| |11.10.2024|Received|11.10.2024| |---|---|---| |11.10.2024|Received|11.10.2024| |18.03.2025|Received|18.03.2025| |25.03.2025|Received|25.03.2025| |26.03.2025|Received|26.03.2025| |26.03.2025|Received|26.03.2025| |||| |||| ||||