## **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**
**1**
## **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|
**2**
## **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.
**3**
## **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.
**4**
## **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.
**5**
## **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.
**6**
## **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
**7**
## **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**
**8**
## **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
**9**
## **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_|
**10**
## **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**
**11**
## 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**
**12**
## **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**
**13**
## **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**
**14**
## **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 **|