FUTURE ACADEMY UK Registered Charity Number 1190708 FUTURE ACADEMYUK Annual Trustees, Re ort Period Ending: 31st December 2023 Future Academy UK Reference and Administratlon Informatlon: Charity Number- 1190708 Date of Registration: 04.08.20 Operational Address: Brierley, First Avenue, Frinton-on-sea, Essex C013 9EX Website: www.future-academ uk.net Trustees Martin Watts {Chalr) Alexander Barnard Damien Gabet Elizabeth Roberts Jane Watts Bankers Barclays Bank Registered Office: I Churchlll Place, London E14 5HP Future Academy UK was reglstered by The Charlty Commission as a CIO in August 2020 (Charity No. 11907081. This is the report of the Trustees for the year ending 31 December 2023.
Aims and Objectives The Future Academy Tnsstees review the aims. objectives and attNities of the chaiity each year in January. This report looks at what the charity has achieved; the outcomes of rts work in the reporting period and the benefrt brought to the young people it supports. The Trustees have referred to the guidan corrtained in the Charity CommissK)n's general guidance on public benefft when reviewin8 the chartvs aims and objectrwes and in planning its future activities. In particular the Trustees consider how the planned actvjitses will contribute to the aims and objectives that have been set. The objects of Future Acodemy UKarefor the public i*Trneft to odvance in lrfe ond reliTeve the needs of refvgees up to the age of 18. living in the UKond overse05 by developing theirskills copacities ond copabilities to enoble them to porticipote in society os Independen¢ mature ond responsible individuol5. Future Academy UK furthers its objects by providing financial support to enable volunteer teachers lfrom partner, UK-registered charities) to deliver charitsble activitses to refugee children in the UK and overseas. Achievements and Perforn7ance Future Academy UK has enabled one teacher to volunteer for our sister charity, Future Academy, in Lebanon. Future Academy UK provided funding towards travel and INing costs. In 2023. volunteer teacher Chrls spent 254 days in BeinJt- teaching in two refij8 camps: Burj Barajneh and Shatila. In totsl 150 students have part1pated in educational charitable artivities led by Chris, working alowide football coaches and teachers from the local refuBee community. Alongside his role os o volunteer teocherond rnent to the I01 fvgee teaching team, Chns 0150 IS responsiblefor curriculum design und programme manogement. During 2023. he ond the teom estoblished on ennchment progn7mme of extra<urricuh7rortivitles. These t7rtivities ond workshop5 gove students the opportunity to explore wider Beirut, learn new skills and to compete in sports tournoments. In 2023. two trustee5 mode seff-fvnded trips to Beinrt. They met Ihe FutureAcodemy (FAJ teom ond beneficiories. visited the camps where FA operote." observedondporncipoted in some of the ortivities," and saw thepositive impart of FutureAcademy UK'sfvnding.
Future Plans Our aims for 2023 are to: Support partner charities by provrding travel-related expenses for teachers volunteering their services overseas. We may also provide expenses for other costs for teachers on k)ng term placements. The tnJstees will assess each case on an individual basis. Volunteer teachers will provide written and photographtt evidence and partner charities will provide an impact Statement at the end of each placement. Publlc Benefft The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commlssion in exerclsing their powers and duties. The public benefit of the Charitys activities is to advance In life and lIeVe the needs of refugees, up to the age of 18: this ts achieved by providing the children with regular educational actmties which enable them to participate in society as independent, matllfe and responsible citizens. Strurture. Governance and Management Future Academy UK was registered as a CIO with the tharities Q)mmtssion in August 2020. The govemln8 document Is the Charity Commission's Foundation Model Constitution. Future Academy has a board of five Trustees, who have a varied skillset. The Trustees are key offKials who are responsible for the day-to-day running of the charity. The Chair 15 appointed to the LN)ard for an initial period of four years: the treasurer and secretsry are appointed for three years,. and the remaining two Trustees are appointed for two years. (Existing Trustees may be reappointed for additional terms). The Trustees will consider ¢ruitment of new Trustees a5 the need arises. Applications from suitable candidates would be Sought by identifying specific gaps in professional skills and seekin8 recommendatlons of profes5ionalfy qualified candidates. rf necessary. placing advertisements in suitable publications. Appllcants would be provided wlth an Informatlon pack outlinin8 the hlstory of the organisation, Its strurture, artiVFties and objectives. roles and expectations of Trustees plus other relevant supportin8 information. All new Trustees receive copies of the Governin8 Document. the latest annual report and accounts. The Lard meets as often as necessary: as outlined in the Governing Oocument, meetlngs may be held electronically providing Trustees are able to communicate with all other partlcipants. The quorum for meetings is 2 Trustees. Futyre Academy UK policies are reviewed by the Twstees on an annual basis along with the risk gISter. Financial Review Future Academy UK rnises funds from the public. charitable trusts and workplace 8iving schemes. Some funds are restricted to Future Academy (Beirut) charitable activities; all other funds are unrestricted. We do not use professional fundraisers. When revenue reaches £25.1XX) Future Academy UK will be required to have their accounts independently examined. Until that tirne the accounts will be reviewed by Trustees not involved in the day-to-day running of the attivities. In 2023 total receipts were £8.820 and expenditure totalled £7,523. All expenditure on charitable activities related to sending one volunteer teacher to work in two refu8ee camps in Beirut for a total of 254 days. In addition, £141 wa5 spent on goVernae (bank charges and verifying the end use of funds). Cash funds remaining at the end of Dernber 2022 amounted to £10.191.
We estimate expenditure in 2023 will be approximately £IO.(XK). The increase in expenditure is due to inflation and the change in Lebar visa requirements (30 days maxirnum instead of 90 days). both increaslng travel costs forvolunteer teachers. Remuneration of Key Management Personnel Future Academy UK does not pay any W Managernent Personnel. Trustee Expenses Future Academy UK does not pay trustee expenses. Reser¥es Policy The Trustees aim to maintain reseples allowing Future Academy UK activlties to run for six months. This will provide stability and enables us to honour our comrnitments to fugee children. Our current reserves equate to roughly 9 months. which suggests we are maintaining an appropriate level of liquidity whilst ensuring that excessNe funds are not accumulated. The adequacy of this wlicy is reviewed annually. Detslls ot Any Funds Materially In Deficit The Trustees declare that the charity had no funds which were materialty in deficit at the date of the statement of assets & liabilities. Partlculars of Any Outstandlng Guarantee Gfven by the Charlty The Trustees declare that the charity has given no guarantee where potential liability is outstandin8 at the date of the ststement of a55ets & liabilities. Partlculars of Any Outstanding Debt The Trustees declare that the charity has rK outstsnding debts whlch a secured by an express charge on any of the assets of the charity at the date of the ststement of assets &14abilities. Rlsk The major risks to which the Charity 15 exposed have been identlfied by the Trustees; procedures established to mltigate these rlsks are monitored and reviewed gularlY and have been recorded in the risk reglster. The main risk for 2024 relates to malntalnin8 revenue streams during the current cost of living crisls. Declarations The Trustees declare that they have approved the above report and authorised that it be si8ned on their behalf. Si8ned by: oCL&- Date: z( - 14¢<tyL Z£)L Name: Fdkfii 2. S Role: eAll2 Signed bv: Date: 2f/J Iz4 Name: Role:
CHARITY COMMISSION FOR ENGIAND AND WALES 11W)70B Recei tsand ents accounts To CC16a 01.J3n-23 Section A Receipts and payments Unr•striGtod hsnd¥ Re5trittÈd fund Endowment funds Total lund8 La•t yur A1 R•¢g1 Oonati(xlS Z.779 3,000 J70 Grant fld 12• 120 7,71> AR) In see tabl• . A3P4 141 141 Sub total 1031 7.523 A4 A88et and ImM8tm•nt st totsi Totalpaym 1031 &491 7.590 N•t of roc(pyffl0ntsj . A5 Tran8fern tkn•n fvn¢lB Afj Cash fund$ last Jparend Cash funds thls year 1h10 12 621 3.97 10.191 123 CCXX R1 a)L*l$s1
Section 8 Statement of assets and liabilities at the end of the period Categories Dets41s nds funds B1 Cash fwmls $216 3,975 Total cash fvnds 16 3.97S funds Detall% totrt£ ¢uTrnt v•lu• O•tall Detall$ Co¥ lo0) B4 AM•t• r•taln•d for th• ¢hritys own Ylh•n thA• Dfrtails 85 Llabilltl•s S¥red by IK1) on Print Name Date of al FitieriN 2. iTI Lf IF12tk 15-131 CCXX R2a¢xxxJrts ISS) 2110112024