2023-03-31-accounts - Foundation Futures CIO

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FOUNDATION FUTURES

REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023

Charity No 1188809

FOUNDATION FUTURES

Contents	Page
Legal and administrative information	1
Report of the Management Committee	2 - 7
Report of the Independent Examiner	8
Statement of financial Activities	9
Balance Sheet	10
Notes to the financial statements	11 - 14

FOUNDATION FUTURES Report of the Trustees Year ended 31 March 2023

Legal and administrative information

Board of Trustees:	C Bankhead
	S Davison
	T Dobson
	P Davison
	K Gillespie
	E Roberts
	X Brouwer
	K Williamson
	L Smith
	A Hall
Registered Office:	Pottery Bank Community Centre
	Yelverton Crescent
	Walker
	Newcastle upon Tyne
	NE6 3SW
Accountants:	TIG Accountants
	Metropolitan House
	Longrigg Road
	Swalwell
	Gateshead
	NE16 3AS

FOUNDATION FUTURES Report of the Trustees Year ended 31 March 2023

The trustees present their report and the financial statements of the charity for the year ended 31 March 2023.

Structure, governance and management

Foundation Futures is a registered charity with the Charity Commission for England and Wales since 30 March 2020 (charity number 1188809). Foundation Futures is a Charitable Incorporated Organisation (CIO).

Trustees are nominated as needed (by skill, speciality and interest) and appointed by a majority agreement from the whole board of trustees. Trustees are re-appointed at the AGM held in October.

Membership of Youth Clubs are open to young people aged between 4 and 16 years in the Pottery Bank and Byker areas of Newcastle upon Tyne.

Our specialised Young People and Adult community groups are open to those aged 14 and above. Some of these service users have been referred to us via the Police, Social Workers and GPs, but are not limited to only those receiving a direct referral.

The trustees who manage the charity are in charge of overseeing the day to day running of the clubs. The trustees seek the views of funders, members, its volunteers and wider community stakeholders in deciding the activities to run.

All trustees receive training on the role and responsibilities of being a trustee through the information provided in the Charity Commission document ‘The essential trustee, what you need to know, what you need to do’, updated 3 May 2018.

Foundation Futures CIO has an extensive range of policies covering Child Protection, Safer Recruitment and Equal Opportunities including: safeguarding children, safeguarding vulnerable adults, safeguarding during Covid 19. We also have comprehensive Risk Assessments for working in various settings, and through a number of different activities, both on site and trips out of the locality.

Disclosure and Barring Service (DBS) checks are carried out prior to the employment of any staff or trustees who have contact with our clients (in line with statutory requirements).

Foundation Futures CIO has undertaken several collaborations this financial year, including working with Edge UK, Street Games, Samantha’s Legacy, EPIC and Pottery Bank Community Centre. Foundation Futures is also a member of the Byker Collaborative and Walker Worker groups, both of which encourages the sharing of resources and nonconfidential information to encourage a broad and wide participation from residents in the east end of Newcastle upon Tyne. Foundation Futures has also collaborated with other charities and social enterprises including If you care, Share; The Community Cafe and The LGA Foundation.

All trustees have the opportunity to give of their time freely and voluntarily to support the work of the charity.

FOUNDATION FUTURES Report of the Trustees Year ended 31 March 2023

Three Trustees left the board of trustees during the financial year and we appointed two new board members.

Objectives and activities for the public benefit

The Trustees have complied with their duty to have due regard to the guidance on public benefit as published by the Charity Commission for England and Wales. In setting our objectives and planning activities, our Trustees have given consideration to public benefit and in particular to

To advance in life and relieve the needs of vulnerable young people affected by economic disadvantage who have a disability, mental health issue or a behavioural difficulty.
To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.

The main activity in relation to these objects is the provision of youth clubs promoting creativity, wellbeing and confidence, in both the Byker and Walker areas of Newcastle upon Tyne which fall into the bottom 1% of the Government’s index of multiple deprivation.

The provision of adult community programmes to enhance the wellbeing, mental health and financial literacy of residents in the community. To encourage their active participation through volunteering and fundraising to improve the lives of themselves and others in their communities.

Achievements and performance

Youth clubs - we have two youth clubs per week during term time reaching 30+ children per week, between the ages of 5 and 12. A range of creative activities, wellbeing activities, trips and social action projects have engaged the children. Our sessions provide a safe place and consistent (safe) faces to encourage socialisation, resilience, creativity and mindfulness. The children are encouraged to participate in a range of activities and receive a light meal during each session. Our youth clubs are also supported by both adult and young volunteers from the local community. We are grateful to the Newcastle Fund, Byker ward funding, Clifford Chance Foundation, The LGA Foundation, Byker Community Trust and The National Lottery Awards 4 All grants in supporting these programmes. As part of this funding the youth clubs’ members have expanded their horizons through a variety of visits and trips to educational, cultural and leisure destinations throughout the year.

During school holidays, funding from the Post Code Neighbourhood Trust enabled Foundation Futures CIO to offer a range of day trips and activities to young people. These included trips to The Life Science Centre, Druridge Bay Country Park, Plessey Woods, Clip and Climb, Crazy Golf and Bowling. The Youth Clubs also celebrated the Queen’s Platinum Jubilee, Halloween and Christmas with parties for themselves and their families.

FOUNDATION FUTURES Report of the Trustees Year ended 31 March 2023

Our adult community hub (funded by the Tudor Trust and latterly Comic Relief via Groundwork UK ) offers a range of crafting activities for adult residents in the Byker Wall estate. The community hub has engaged in a wide range of activities including sewing,

stone painting, cross stitch, wood work, cooking, T-Shirt printing and enterprise. Group members have learned to use the CRICUT machine to produce and sell keyrings, pencil cases, photo frames, glasses and gifts for teachers and fathers’ day. Their aim is to raise funds to attend a wellbeing residential.

The Active Communities Social Glue Wellbeing group in the Pottery Bank area of Walker (funded by People’s Health Trust, The Health Lottery North East & Cumbria) has provided an extensive programme to a diverse group of women from the Walker area of the east end of Newcastle upon Tyne (including women granted asylum and those referred in through GP social prescription programmes). Activities included meditation, chair yoga, cake decorating, diamond art, rag wreath making and self care, as well as workshops on anxiety, health issues, and financial wellbeing. This group also participated in 2 social action projects which included the LGA Foundation’s 12 days of Christmas and EPIC’s A Valentine to the Community projects.

The Reduce, Reuse, Repair (Anti Fast Fashion) group, funded by The National Lottery Together For Our Planet has encouraged community members to learn new skills in sewing, vinyl printing and lino printing to transform everyday objects that might otherwise end up in landfill. Members of the group have made everything from simple cushion covers to items of clothing from donated materials, decorated glass bottles to make vases and repurposed old picture frames with vinyl.

The Byker Real project, funded by Byker Ward funding and Edge NE Ltd has continued to support young people from the Byker area of Newcastle upon Tyne to make positive choices in their lives. This group meets twice per week and has undertaken a variety of visits and activities to support them as they transition through school or into work. We have had a number of successes in supporting young people onto apprenticeships this year, in addition to supporting others with housing and benefits who have faced homelessness.

The Best Life Byker (NEET) project has worked with young people aged 16 to 24 years to help them fill in gaps in their skills in order to secure employment. This project is funded by The Community Foundation. Participants have created C.Vs, undertaken a variety of training courses and taken exams to gain their CSCS cards.

We hosted a 12 week financial literacy course funded by Newcastle Building Society. This consisted of a mixture of group talks on budgeting and financial literacy, as well as clinics which gave one-on-one advice to individuals looking to improve their own family or individual finances.

We were delighted to be granted £5000 from Comic Relief to assist local community members with the cost of living crisis. We helped over 100 families in the Byker and Walker areas of Newcastle upon Tyne with a mix of food vouchers and fuel payments.

FOUNDATION FUTURES Report of the Trustees Year ended 31 March 2023

In addition, Foundation Futures CIO was also granted monies from Comic Relief, Groundwork UK and The Pears Foundation to assist with our organisation’s rising costs.

The Badur Foundation granted us funding to employ and train a new member of staff.

Financial review, reserves and risk policy

Cash at Bank at 31 March 2023 was £39,931 in unrestricted funds and £60,470 in restricted grant funding, making a total of £100,401. All funds carried over to the new financial year.

The main financial risk to the charity is the loss of ongoing funding from existing grant funders to continue programmes, or the inability to secure sufficient new grants to cover costs.

It is the policy of Foundation Futures CIO to hold 4 months of necessary expenses (operational costs) in the event of a loss of income and to meet any unforeseen expenditure that may occur.

The Charity has met this policy objective this financial year.

Basis of accounting

The Charity has adopted the accruals basis of accounting as allowed by regulations.

Income

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

One source of funds in this financial year has been surpluses gifted to the CIO from our sister non-profit company Foundation Futures CIC. These surpluses accrued from commissioned work undertaken for North Tyneside Local Education Authority and Newcastle Local Education Authority for the provision of Alternative Education to students at risk of, or permanently excluded from, school.

Expenditure

Costs are recognised as and when they become a legal or constructive obligation committing the charity to pay out the resources.

The funds to the charity have allowed us to promote the charity in the areas of pottery bank and Byker. Foundation Futures CIO has reached in excess of 150 young people and adults in the areas of Walker and Byker where feedback obtained indicates that participants have benefited significantly in terms of their socialisation, mental health and wellbeing.

Foundation Futures CIO, at the end of the accounting period, held one material asset in the form of a minibus valued at £26,000 bought thanks to grant funding from Children In Need (previous financial year). No other property or investments were held by the Charity at the end of the accounting period.

FOUNDATION FUTURES Report of the Trustees Year ended 31 March 2023

Future plans

The coming year will see a continuation of our existing community programmes in the Walker and Byker areas of Newcastle upon Tyne.

Reference and administration details

Company number

CE021329

Registered charity number

1188809

Charity principal address

Pottery Bank Community Centre, Yelverton Crescent, Walker, Newcastle upon Tyne, NE6 3SW

Executive trustees

Craig Bankhead Chair Susan Davison Secretary Tracy Dobson Treasurer Christine Henwood - resigned

Non-executive trustees

Philip Davison Karen Gillespie Eleanor Roberts Gregory Houghton - resigned Paul Lant - resigned Xander Brouwer Karen Williamson Lee Smith – appointed 5 February 2023 Andrew Hall – appointed 5 February 2023

Independent examiner

B Gill FCCA, TIG Accountants, Metropolitan House, Long Rigg Road, Swalwell, Gateshead, NE16 3AS

FOUNDATION FUTURES Report of the Trustees Year ended 31 March 2023

Trustees’ responsibilities in relation to the financial statements

The trustees are responsible for preparing the Report of the Management Committee and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of the trustees

C Bankhead

10 November 2023

FOUNDATION FUTURES

Report of the Independent Examiner to the trustees of Foundation Futures

I report on the financial statements of Foundation Futures for the year ended 31 March 2023 which are set out on pages 9 to 14.

Respective responsibility of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011(the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to

Examine the accounts under section 145 of the 2011 Act

To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and

To state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that in any material respect the requirements . to keep accounting records in accordance with section 386 of the Companies Act 2006; and

. to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities,

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

B Gill FCCA

Metropolitan House Longrigg Road Swalwell Gateshead NE16 3AS

Date: 10 November 2023

FOUNDATION FUTURES Statement of Financial Activities Year ended 31 March 2023

Notes Unrestricted Income £ Grants 2 25,850 Other income 2,321 Total income 28,171 Expenditure Charitable activities 3 24,827 Total expenditure 24,827 Net income 3,344 Transfers - Net movement in funds 3,344 Total funds brought forward 35,867 Total funds carried forward 39,211	Restricted £ 104,158 - 104,158 96,328 96,328 7,830 - 7,830 52,640 60,470	Total 2023 £ 130,008 2,321 132,329 121,155 121,155 11,174 - 11,174 88,507 99,681	Total 2022 £ 147,280 1,387
			148,667
			120,957
			120,957
			27,710 -
			27,710 60,797
			88,507

FOUNDATION FUTURES Balance Sheet as at 31 March 2023

Notes Unrestricted £ Current assets Cash at bank and in hand 39,931 Creditors – amount due within one year 8 720 Net current assets 39,211 Net assets 39,211 Funds of the charity 9 39,211	Restricted £ 60,470 - 60,470 60,470 60,470	2023 £ 100,401 720 99,681 99,681 99,681	2022 £ 89,227
			89,227 720
			88,507
			88,507
			88,507

The financial statements were approved by the trustees on 10 November 2023 and signed on the trustees behalf by:

T Dobson Trustee

FOUNDATION FUTURES Notes to the accounts Year ended 31 March 2023

1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 1023), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

Basis of accounting

The charity has adopted the accruals basis of accounting as required by the regulations.

Income

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Expenditure

Costs are recognised as and when there becomes a legal or constructive obligation committing the charity to pay out the resources.

Funds accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the funder, donor or through the terms of an appeal.

2 Grants

	2023	2022
	£	£
Unrestricted
Foundation Futures CIC	25,850	29,817

FOUNDATION FUTURES Notes to the accounts Year ended 31 March 2023

2 Grants – continued

Restricted Badur Foundation Byker Community UK Youth Post Code Neighbourhood Awards for All Cloth Workers Street Games Screwfix Foundation Newcastle City Council Ward BBC Children In Need Comic Relief The National Lottery Edge UK Tudor Trust Charities Aid Foundation Communities Foundation Groundwork COL LGA Foundation Peoples Health Trust Others Total grants	2023 £ 22,950 4,760 - - 10,000 - - - 2,019 - 4,986 - 13,829 - 1,800 18,000 8,325 5,160 10,676 1,653 104,158	2022 £ 16,472 - 4,239 14,192 9,990 3,250 2,001 4,839 7,310 28,000 1,600 9,570 6,000 10,000 - - - - - -
		117,463

3 Expenditure

Unrestricted Charitable activities £ Direct Costs 4,107 Wages 20,000 Pension - Rent - Insurance - Post and stationery - Repairs and capital - Training - Professional fees - Accountancy 720 Sundry - 24,827	Restricted £ 21,179 42,455 4,532 12,264 5,767 1,371 6,280 1,762 491 - 227 96,328	2023 £ 25,286 62,455 4,532 12,264 5,767 1,371 6,280 1,762 491 720 227 121,155	2022 £ 27,919 52,358 1,422 5,024 1,031 858 30,179 1,619 113 240 194
			120,957

FOUNDATION FUTURES Notes to the accounts Year ended 31 March 2023

4 Trustees expenses Expenses paid to trustees during the year: £Nil (2022: £Nil)

5 Fees for examination of the accounts Fee for reporting on the accounts 6 Wages Total staff costs 7 Staff numbers Staff numbers during the year were as follows Management and administration 8 Creditors – amount falling due within one year Creditors Other creditors and accruals		2023 2022 £ £ 720 720 2023 2022 £ £ 66,987 53,780 Part time Full time Total 1 2 3 2023 2022 £ £ - - 720 720 720 720	2023 2022 £ £ 720 720 2023 2022 £ £ 66,987 53,780 Part time Full time Total 1 2 3 2023 2022 £ £ - - 720 720 720 720

		720

FOUNDATION FUTURES Notes to the accounts Year ended 31 March 2023

9 Net movement on funds

Unrestricted General Restricted Other Funds	As at 1 April 2022 £ 35,867 52,640 88,507	Income £ 28,171 104,158 132,329	Expenditure £ 24,827 96,328 121,155	Transfer £ - - -	As at 31 March 2023 £ 39,211 60,470
					99,681