FUTURE ACADEMY UK Registered Charity Number 1190708 FUTURE ACADEMYUK Annual Trustees, Re ort Period Ending: 31" December 2024 Future Academy UK Reference and Administratlon Informatlon: Charlty Number: 1190708 Date of Reglstrntlon: 04.08.20 Operattonal Address". Bri•rley. Flrst Avenue. FrlntOr￿Tr-sea. Essex C013 9EX Website: www.future-academ uk.net Trustees Martin Watts (Chair) Alexander Barnard Damien Gabet Elizabeth Roberts Jane Watts Bankers Barclays Bank Registered Office: I Churchill Pla￿. London E14 SHP Future Academy UK was registered by The Charfty Commission as a ao in A￿uSt 2020 (Charity No. 1190708). This is the report of the Tnjstees fort￿ year endiry 31 December 2024. Aims and Objectives The Future Academy Trustees review the aims, objeciives and activities of the charity each year in January. This report looks at what the charity has achieved; the outcomes of its work in the reporting period and the benefrc brought to the young people tt support5. The Trustees have referred to the guidan￿ contained in the (tharity Commission's 8eneral Euidan￿ on public benefit when reviewing the tharity4s aims and objertives and in planning its future actlvltles. In particularthe Trustees consider howthe pl8nned attl￿tIeS will contribute to the aims and obJective5 that have been seL The objects oSFutureAcodemy UKoreAor the public benefit to ad￿nce in lifv andrelIe￿ the needs of refvgees up to the uge oA18 llvlng in the UKund overseas by developing thwr sknlls copucities ond copobllltles to enable them topurticjpoteln sodety as independen¢ mature and responsible individuals. Future Academy UK furthers its objects by providing financial supportto enable ¥olunteer teathers (from partner, UK-registered charltles) to dellver d￿rItable activities to refugee children in the UK and overseas. Achlevements and Perfornian In 2024 Future Acaderny UK supported volunteerteathers working for our sister tharlty, Future Academy, In Lebanon, provldln8 fundlng towards travel and IFvTrrva costs. Volunteer teather Chris spent eight months In Beirut, teaching in Burj Barajneh and 5hatila refu8ee ￿fflps. 188 students participated in educatlonal charitsble actlvltles led by Chrls, working alongside football coaches and teachers from the l(Kal refugee community. Two Beirut-based teacher5 also volunteered their tirne arKI expertise." Tala provided maternity cover for 3 months and Jake delivered kick-b)xin8 ma5terda55es to Burj BaraSneh students. 41 '4hftt In September 2024. the Isn7ePHe2bolloh conflict escaloted. with a sustoined bombing canpoign in southern Lebanon spreading to Beirut Apwoximately one million people wereinternally displaced. and more thon 4,CWwere killed. Although 8urJ Burojneh ondshatslo camps were not dirertly torgeted, mory residentsfled in seorch ofsofer shelter. Volunteer teocher Chris remoinedin Beirut andj￿ned the FA teom provlthng hunx7nitorion assistan￿ ond educotionol outreochfvr displacedstudents livlng in UNshelters. Future Academy restsmednonnal acbvitiesAOllo￿ng the ceosefire onnouncementat the end of November. In 2024, two trustees made self-fvnded trips to Beirut They met the Future Academy (FAJ team andbenefici0ri£s,' w5ited the camps where FA operute,- observed ondparticipatedin some of the activities" ondsaw the positive imwrt oAFuture Academy UK'sfvnoVng. Future Plans Our aims for 2025 areto: Support partner charitie5 by prowding travel-related expenses forteachers volunteertng their servi￿5 overseas. Expenses for other costs inojrred by teachers on long terrn placements may be considered. The trustees will assess each case on an individual basis. Volijnteer teachers will provide written and photographic eviden￿ and partner tharities will provide an impact statement atthe end of eadi placement Public Benefit The Trustees confirm that they have cornplied with their duty to have due regard to the guidance on public beThef￿ published by the Charity Commission in exerdslre thelr powers and duties. The public benefit of the CharlW5 activltSes is to advance In lrfe and relievethe needs of refijgees, up to the age of 18; this is athieved by provlding the children with regular educational activitles which enable them to partiapate in society 35 independent. mature and re5ponslble atizens. Structure. Governance and Mana8ement Future Academy UK wa5 reglstered as a CIO with the Charltles Commis4on In August 2020. The govemlng document Is the CharFty Commlsslon'5 Foundation Model cons￿On. Future Academy has a board of five Trustees, who have a varied skillset Three Trustees are key offldals who are responsibleforthe day-ttrday runnlng of the tharlty. The Chair is appolnted to the board for an initial period of four years.. the trea￿fer and secretary are appointed for three years; and the remaining two Trustees are appolnted for two years. IExlstln8 Trustees may be reappointed for additional terms). The Trustee5 will consider recruitment of new Trustee5 a5 the need arlses. Appllcat5on5 from sultable candidates would be sought by identifying swcific gaps In professional skills and seeking recommendatlons of professlonally qualrfied candidates, if necessary. placing advertisements in suitable publications. Applicants would be provided with an inforrnation pack outlining the history of the organlsation, Its structure, artlvltles and objectlves, roles and expectatlons of Trustees plus other relevant supporting Infomatlon. Al new Trnstees re￿1ve coples of the Govemire Dor￿men[ the latest annual rewrt and accounts. The board meets as often as necessary; as o￿lIned in the Governing l)ocument, meetings may be held electronically providing Trustees are able to communicate with all other participants. The quorum for meetin8s is 2 Trustees. Future Academy UK policies are reviewed bythe Trustees on an annual basls alon8 with the rlsk register. Financial Review Future Academy UK raises funds from the publ14 charitable trusts and workplace glvln8 schemes. Some funds are restricted to Future Academy I￿rUt) charstsble activtties," all other funds are unrestricted. We do not use professional fundraisers. When revenue reaches £25.0￿ Future Academy UK will be required to have their accounts independently exarnined. Until th*time the accounts wlll be reviewed by Trustees not involved in the day-to-day running of the activities. In 2024 totsl receipts were £6,872 and expenditure totslled £8,081. All expendwture on tharitable actÈvitie5 related to three volunteer teachers working in two refugee camps in Beirut. In addition, £102 was spent on governan￿ (bank thargesl and £89.15 on raisin8 funds (website costs). Cash fund5 remaining at the end of December 2024 amounted to £8,982 We estimate both income and expenditure in 2025 will be approximately £9.0(KJ. Remuneration of KLY Management Personnel Future Academy UK does not pay any Key Management Personnel. Trustee Expenses Future Academy UK does not pay trustee expenses. ReseThes Poury The Trustees alm to maintain reserves allowir* Future Atademy UK artiNities to run for 6-12 months. This will provide stsbilty and enables us to honour our commitments to refugee children. Our current reserves equate to roughly 12 months, which suggests we are rn3intainir¥ an appropriate level of liquidity whilst ensurlng that excesslve funds are not accumulated. The adequary of thls pollcy Is revlewed annually. Detalls of Any Furnls Materlally In Defldt The Trustees declare that the charity had no funds whlth were materially in defiat atthe date of the ststement of assets & liabililies. Partlc141ars of Any ¢knndlng Guarantee Glven by the Chaffty The Trustees dedare that the d￿r[ty has given no guarantee where potential liability is outstsnding at the date of the ststement of assets & liabilities. P•rtkulars of Any Outstsndlng Debt The Trustees dedère that the charlty has no ¢)utstandln8 debts whith are secured by an express charge on any of the assets of the charity at the date of the sLitement of assets & liabilitie& Rlsk The Trustees have 5dentlfled the major risks facing the Charlty and have establlshed procedures to mltlgate them. These measures are monltored, regularly reviewed. and d¢xumented in the risk register. The prlmary risks anticipated lor 2025 i￿lUde sustainln8 revenue streams and coverln8 5ncreased safety and securlty costs for volunteer teachers as a result of the on8oln8 confilct In Lebanon. Declaratlons The Trustees declare that they have approved the above report and authorlsed that it be signed on their behalf. Signed by: Il Date: Name: 2. wfvrrg Role: Signed by: Date: s/L12r Name: Role: CHARITY COMMISSION FOR fNGiAND AND WALES 11¥X17 Recei tsand ents accounts CC16a To 31-1kn>24 Section A Receipts and payments Endowment nd• Total fvnds A1 744 744 120 ARJ In 102 Sub tst•i 4575 4VB1 Sub s￿75 A6 Cash fund* la•¢ end 454 10,191 CXX R1 ISSI Section B Statement of assets and liabilities at the end of the period Unrnstrletsd R8strlcted Endowmont funds ate9one• DetaiSs B1 C••h fvnd• fund• Detalls D•tsll$ Det¥ll8 B4 Ao80ts r•tsln•d forth• charlty'• own FWMI knt*thlEh Details 86 Uablllt Date of h8Wof¥tt*tr￿ CCXX R2 {SS)