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2025-03-31-accounts

FURNISHING FUTURES CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 March 2025

CHARITY REGISTRATION No: 1196498

Independent Examiners Ltd Unit 2

The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

1

FURNISHING FUTURES CONTENTS

Pages 4 - 9 Report of the Trustees
Page 10 Independent Examiners Report to the Trustees
Page 11 Statement of Financial Activities
Pages 12 Balance Sheet
Page 13-17 Notes to the Financial Statements

2

FURNISHING FUTURES

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2025

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY REGISTRATION NUMBER

DATE OF REGISTRATION

START OF FINANCIAL PERIOD

END OF FINANCIAL PERIOD

TRUSTEES AT 31 MARCH 2025

1196498

CIO - FOUNDATION Registered 09 Nov 2021

1 April 2024

31 March 2025

David Smail - Chair

Sarah Marsh Joanna Barr Alison Stewart MBE Nigel Lawmon Victoria Papworth - appointed 07.05.2024 Geetu Bhan - appointed 20.02.2025

CORRESPONDENCE ADDRESS

11a Argall Avenue, London, E10 7QE

Email: finance@furnishingfutures.org Website: www.furnishingfutures.org

GOVERNING DOCUMENT

CHARITABLE OBJECTS

INDEPENDENT EXAMINER

Registered with the Charity Commission of England and Wales

TO RELIEVE POVERTY OR FINANCIAL HARDSHIP PRIMARILY BUT NOT EXCLUSIVELY AMONG WOMEN AND CHILDREN RESIDING IN LONDON AND THE SURROUNDING AREAS, THROUGH THE PROVISION OF FURNITURE AND ESSENTIAL ITEMS WHICH THEY COULD NOT OTHERWISE AFFORD THROUGH LACK OF MEANS.

K Gomes Independent Examiners Ltd Unit 2 The Broadfield Business Centre Delling Lane Bosham PO18 8NF

3

Furnishing Futures CIO

Trustees' Annual Report Year Ended 31[st] March 2025

The Trustees present their annual report and the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 2015 "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 published in October 2020.

Trustees of the charity The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end were as follows: D Smail A Stewart N Lawmon J Barr S Marsh V Papworth G Bhan Chief Executive Officer E Wheeler

Objectives and activities

Furnishing Futures was started in 2019 and registered as a Charitable Incorporated Organisation (CIO) in November 2021. This is the third independently examined annual report and set of accounts.

The Objects for which the Charity is established

To relieve the poverty of women and children living with furniture poverty primarily in London and the surrounding areas, in particular but not exclusively, through the provision of furniture that would otherwise be disposed of or sent to landfill.

Charity purpose and strategic objectives

Furnishing Futures takes donated furniture and homewares from brands and the general public and uses them to furnish the homes of families who are living with furniture poverty and furniture destitution.

Furnishing Futures aims to create trauma-informed fully furnished homes for women and children given empty social housing after escaping domestic abuse, or who are living with furniture destitution. Based in Leyton in Waltham Forest, the charity uses good quality donated furnishings that would otherwise have ended up in landfill to create professionally designed, high quality refurbished homes that support women and children on their journey to recovery. Providing fully furnished, trauma-informed, bespoke homes improves physical and mental wellbeing, helps to break the cycle of poverty and increases women and children’s safety.

Furnishing Futures values the contribution of volunteers to help us support women and children and achieve our mission. About fifty volunteers supported us this year. Helping us to create healing homes by working in our warehouse, assisting at sales and supporting with the installation of furniture in homes. We are also delighted that one of our long-term regular volunteers is now a Trustee.

Public benefit statement

The trustees understand that public benefit reporting is fundamental to our responsibilities in governance of the charity. For Furnishing Futures CIO, the public benefit focuses on the women described in our objects, for whom the charity was established and who continue to be central to everything we do.

4

Furnishing Futures CIO

Trustees' Annual Report Year Ended 31 March 2025

Furnishing Futures designs, fully furnishes and decorates the homes of women and children who have been given empty social housing after escaping domestic abuse or who can't afford basic items of furniture, by partnering with the interiors industry to repurpose high quality products that might otherwise be sent to landfill. We take referrals from our partner organisations and combine social work values with interior design skills to create healing homes for families who have experienced multiple disadvantages and trauma. Established at the end of 2019 and registered as a charity in November 2021, Furnishing Futures is partnered with women’s refuges and specialist domestic abuse organisations, children’s social care, baby banks and food banks as well as furniture brands, retailers and design studios who donate furnishings.

Furnishing Futures offers various tiers of support, depending on the type of accommodation a woman has been given, their location and safety risk. For women in emergency and temporary accommodation we provide furniture packages, as this type of accommodation tends to be provided with flooring and white goods in situ. For women who are given permanent social housing tenancies that are completely empty often without flooring, white goods or furnishings, we provide a full interior design and refurbishment service where possible. This includes painting and decorating; installing new flooring, white goods and furniture; and we provide everything our beneficiaries need from sofas to saucepans, cushions, bed linen and artwork to support their recovery, raise their self-esteem, reduce poverty and increase safety. We do all this at no cost to our beneficiaries. Should a family need to move, either due to the housing system or for their safety, we also cover the cost of removals so that they do not lose their belongings or the items we have provided to them.

Our aim for each woman is to create a bespoke trauma-informed healing home for them and their children, giving them choices about their furnishings and increasing their safety by making it less likely they will feel they have no choice but to return to the perpetrator in order to meet their and their children’s basic needs. We are driven by social work values to respect, empower and support families through holistic support and the power of good design.

We also offer holistic wrap-around support to give our beneficiaries the best possible foundation from which to build their lives. Our specialist support includes; advice, information and advocacy, safety planning and risk assessments, onward referrals and signposting. We also run weekly women’s support groups during term time to reduce isolation and increase confidence and self esteem.

Performance

We are immensely proud of the impact we have been able to create in our third year as a registered charity and our growth as a young charity. This year we created 47 fully furnished homes across 12 London boroughs, supporting a total of 190 women and children. We also redesigned the communal living spaces in three refuges for Solace Women’s Aid in London and created a design blueprint for a further 22 Solace refuges, supporting around 200 women and children in refuges throughout the year.

We also sent over 1,000 essential items such as warm blankets, cleaning appliances, bedding and blinds to families in need of less intensive support. In addition to this we provide holistic, wrap-around resettlement support for women escaping domestic abuse such as information; advice; safety planning; advocacy; women’s groups and practical support.

Our impact

Providing high quality, well-designed fully furnished homes improves survivors’ mental and physical health; increases their self-esteem, confidence and wellbeing, and helps to keep women and children safe after domestic abuse.

Our support also reduces poverty and financial strain, and supports engagement with universal services such as midwifery, social care and education, as families are no longer ashamed of their homes and are more likely to allow professionals into their lives. It supports child development by providing a safe and stimulating child-friendly environment; it increases the safety of women and children after domestic abuse by making it less likely they return to the perpetrator because of their housing; it sustains tenancies and reduces the need for repairs and it helps to break the cycle of poverty by removing the burden of having to pay for, or borrow money to buy, expensive items such as flooring and furniture for women placed in empty, unfurnished social housing.

We ask for anonymous feedback from all the women we support. Feedback predominantly includes that they feel listened to, valued and respected by us while receiving our services, that the support improves their mental health and wellbeing, increases their children’s happiness and makes them feel safer and less stressed.

5

Outputs

Main achievements in period to 31 March 2025

We supported 72% more beneficiaries this year compared with 2023/24. All of the families had experienced genderbased violence and domestic abuse. Most were from global majority backgrounds, receiving universal credit or experiencing in-work poverty and reported experiencing anxiety, depression and PTSD as a result of their experiences. Furnishing Futures describes this as 'multiple disadvantages' and these intersect to perpetuate the cycle of poverty.

Furnishing Futures Trustees' Annual Report

Year Ended 31 March 2025

Outcomes

The women supported by Furnishing Futures reported improved mental health and reduced stress and financial worry; they also reported raised self-esteem and increased feelings of happiness and pride, as well as reduced social isolation; some reported improvements in their children and babies’ development and all women who are mothers reported increased wellbeing for the children; and all the women reported feeling safer in their new accommodation. Some women expressed that they felt that our support and intervention had saved their lives.

Testimonials:

Beneficiary A

“ When I was living with my husband I never had the feeling that that was my home because I was not allowed to do any decorating - I was losing myself. But now I can arrange things however I want things to be. This is my own home now, my own place.

It has made a lot of difference to my child. The day you furnished the flat and after you left, when we came into the room and she saw her bed, she was so happy and so relaxed. She was so happy to have her own room, her own pillow and her own bed. She slept the whole night through. She never sleeps without me, but that whole night she didn’t wake up for a feed or anything.

I just feel like it is my home now, it is my safe place. I literally feel so happy, so relaxed, so safe.”

6

Beneficiary B

“ I knew that the house was going to be unfurnished with no carpet, nothing. Lots of things were going through my mind, like I’m stuck - how am I going to do it? I have a child. I was lost and thinking I don’t know what to do. But when I knew that you were going to do the house, I felt like I was in a dream….

I was really worried about how my daughter was going to get used to the new house, because of how she reacted when we went to the refuge, and I was worried that the same thing would happen when we moved to the new house. Thanks to your support, when we moved in everything was nice and she feels like she has been living in the house for years and years. I can see it and I can feel it, that it really makes a big difference to her mental health. She is very happy and I can see her playing with her toys and her boxes in her own bedroom. She’s enjoying it and she loves it.

People don’t need to go to the doctor, they don’t need to go to hospitals, they just need people like you to help them survive and feel like they are living. It’s true, I’m not exaggerating. You’re giving people the chance to live again and to survive.”

Beneficiary C

“ When I was offered a new home, I felt so excited and full of relief - I cried and couldn’t believe it after everything we had been through. I was so happy for the children so they can live a safe, normal life, sleep without fights and noise, have private showers, and cook in my own kitchen. However, before I knew I was getting support, I was terrified and so when I heard you could help it was more than I could hope for.

I don't know how I would have got things - I would have had to save up a tiny bit each month, but it would have taken a long time. I could cope, but it upset me that the children did not have proper rooms, a place to study or sit down. I want them to have a normal life and you helped them with that, giving them things that mean they can have a friend over to play without feeling sad that they have no furniture.

After the install day, when I walked in the room, my knees went weak, I felt myself falling. I cannot tell you how much it meant to me. Now I have peace in my home, not looking over my shoulder and I feel safe after 13 years of not living a normal life. I cannot thank you enough. My children are happy again, relaxed, sleeping through the night, not waking up in the early hours. My daughter is calm. My son, who has autism, is so much happier and less emotional. They were so scared before.

I love my new home, it's mine and it's beautiful. I feel safe and content. I feel like a proper woman again. Confident and happy. We can have friends over for tea, kids can have play dates. It's a safe place after school. Now we say we are going home and we are happy.”

Trustees' Annual Report Year Ended 31 March 2025

It has been an outstanding year for Furnishing Futures as a young charity, with funds gradually increasing and diversifying as the charity grows alongside expenditure. We have developed our suite of policies and procedures to help sustain the charity as it grows.

Financial overview

Funding comes from a variety of sources including grants, one-off donations and sales. The most significant single source of funding was from the Lewin Trust, which gave grants totalling £85,000 in the year.

We also received funding from the following, who we would like to thank for their support: Firebird Foundation Treebeard Trust Michael and Betty Little Trust Crucible Foundation The Childhood Trust The Percy Lane Foundation Barzilai Foundation Ako Foundation Lancashire Foundation Garfield Weston Foundation Goldman Sachs Gives Hypatia Foundation The National Lottery Awards For All Trust for London John Laing Charitable Trust J Solomou

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Our total income for the period April 2024 to March 2025 was £735,550 and our total expenditure was £544,438. This enabled us to maintain recommended reserves in line with our reserve policy as set out below.

Reserves policy

Furnishing Futures defines reserves as "an allotment of unrestricted funds which can be spent on any purposes of the charity". The Board considers that the key issues that free reserves need to cover are to pay our operating costs for a number of months, ensure we have the funds to cover staffing costs and that we have a proportionate amount set aside to pay for a reasonable settlement of other financial obligations. As a result, the target reserves policy is set as the sum of 3-6 months running costs, plus staff redundancy costs.

Any annual operating surplus will be used to:

2) Invest and develop our new events and retail fundraising space

Future plans

We plan to increase our impact by creating more than 80 fully furnished homes across London for women and children who have escaped domestic abuse over the next year, as well as supporting additional families with at least 1,000 essential items. We will also be developing volunteering, mentoring and employment opportunities for our beneficiaries, by creating a programme of wellbeing workshops, confidence building sessions and work experience opportunities.

We will also continue our weekly women’s groups, which we started in spring 2024, to reduce social isolation and increase confidence and wellbeing. In addition to this we will continue to develop and consult with our Service User Advisory Board, to ensure the voices of the women we support shape and inform our service provision.

In 2025 we will open The Atrium, a beautiful new events space and permanent sales showroom in Leyton, next to our office and warehouse. It will raise funds for the charity, hold ticketed events that will raise awareness of our mission and run our Thrive employability programme for beneficiaries.

We will build on the foundations we have laid with our campaigning work, continuing to push for improved housing conditions for survivors of domestic abuse and vulnerable tenants, and campaigning for accessible furnished tenancies.

Our goal for the next five years is to scale our model across London and the UK. We want to create economies of scale that enable us to support each new family more cost effectively, supporting many more families overall.

Structure, governance and management

Furnishing Futures CIO is a Charitable Incorporated Organisation, approved and registered with the Charity Commission with charity number 1196498 and whose registered office is at Unit 4 Mentmore Studios, 11 Argall Avenue, London E10 7QE.

Policies and procedures for induction and training of trustees

All trustees have access to appropriate development or training. Trustees are encouraged to share their skills and to participate in training one another for the benefit of the governance of the charity.

The Trustee Board meets a minimum of four times a year. Agendas and minutes are circulated for discussion and when appropriate votes are taken. Meetings often take place virtually. This has not impacted on the operation of the meetings.

Two new Trustees joined the Board this year to further strengthen the skills and experiences on the Board.

Arrangements for setting remuneration of key management

The remuneration for key management staff is reviewed each spring by a subgroup of the Trustee Board and agreed at a Board meeting.

Major Risks

A risk group of three trustees is in place to review the risk register and other operational, legal and governance matters. We have been guided by the Charity Commission guidance regarding risk. Where we have identified a risk, we have assessed it to enable us to decide the level of priority that should be applied, action taken to prevent the risk and mitigating actions we

8

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FURNISHING FUTURES

FOR THE YEAR ENDED 31 MARCH 2025

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the Trustees on my examination of the accounts of the above Charitable Incorporated Organisation ("the CIO") for the year ended 31 March 2025.

As the CIO's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

Responsibilities and basis of report

I report in respect of my examination of the CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Since Furnishing Futures gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a fellow member of the Association of Charity Independent Examiners, which is one of the listed bodies.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: K Gomes Date: 30.9.25

K Gomes FCIE,MAAT Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

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FURNISHING FUTURES

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income and Endowments from:
Donations and Legacies
2a
Charitable Activities
2b
Other Income
2c
TOTAL
Expenditure on:
Charitable Activities
4a
Other Expenses
4b
TOTAL
NET INCOME/(EXPENDITURE) BEFORE
INVESTMENT GAINS/(LOSSES)
NET INCOME/(EXPENDITURE)
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
409,665
105,807
515,472
338,525
156,004
-
156,004
54,517
1,924
62,150
64,074
100,004
567,593
167,957
735,550
493,046
221,382
108,137
329,519
262,280
155,099
59,820
214,919
184,096
376,481
167,957
544,438
446,377
191,112
-
191,112
46,669
191,112
-
191,112
46,669
191,112
-
191,112
46,669
202,417
-
202,417
155,748
393,530
-
393,530
202,417

All of the organisation's operations are classed as continuing. The notes on pages 13 to 17 form part of these financial statements.

11

FURNISHING FUTURES

BALANCE SHEET

AS AT 31 March 2025

31-Mar-25 31-Mar-24 Total Total Note £ £ Fixed Assets Tangible assets 7 24,718 12,194 Total Fixed Tangible Assets 24,718 12,194 Current Assets Debtors 8 49,538 26,842 Cash at bank and in hand 9 492,370 389,321 Total Current Assets 541,908 416,163 Creditors: amounts falling due within one year 10 173,095 225,940 NET CURRENT ASSETS 368,813 190,223 Creditors: amounts falling due in more than 1 yr 11 - - NET ASSETS 393,530 202,417 Funds of the CIO General Funds 5b 266,105 109,895 Designated 5b 127,424 92,522 Restricted Funds 5a - - Total Funds 393,530 202,417

The financial statements were approved , authorised and signed on their behalf by:

Approved on the ………………………………………

Signed on their behalf by Director ………………………………………………………………………………………………

Print Name ….......................................................

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FURNISHING FUTURES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Basis of preparation:

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 2nd addition effective 1 January 2019 and with the Charities Act 2011.

The CIO constitutes a public benefit entity as defined by FRS 102

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period

Material prior period errors

No material prior year error have been identified in the reporting period

1. ACCOUNTING POLICIES

The particular accounting policies adopted are set out below.

INCOME

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

· the CIO becomes entitled to the income;

Grants and Donations

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

Tax Reclaims on Donations and Gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Contractual Income and Performance Related Grants

This is only included in the SoFA once the CIO has provided the related goods or services or met the performance related conditions.

Government Grants

The CIO did not receive any government grants in the reporting period

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Trustees' annual report.

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Expenditure and liabilities

Charitable Activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Liability Recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the CIO to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Governance and Support Costs

Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice.

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FURNISHING FUTURES

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Grants Payable without Performance Conditions

Where there are no conditions attaching to the grant that enables the donor CIO to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Employee benefits

Short term benefits including holiday pay are recognised as an expense in the period in which the service is received.

Redundancy cost

No redundancy payments were made during the reporting period.

Deferred income

Deferred income has been included in the accounts.

Creditors

The CIO has creditors which are measured at settlement amounts less any trade discounts.

Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date

Fixed Assets

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the CIO on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over 3 years from the month they are purchased.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the CIO. Subsequently, they are measured at the cash or other consideration expected to be received.

2. ANALYSIS OF INCOME
Note
a) Donations and Legacies
Grants
3
b) Charitable Activities
Sale of Donated Goods
C) Other Income
Investment Income
Project Income
Donations		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
202,626
939
203,565
162,052
207,039
104,868
311,907
176,473
409,665
105,807
515,472
338,525
156,004
-
156,004
54,517
156,004
-
156,004
54,517
1,924
-
1,924
4
-
62,150
62,150
100,000
1,924
62,150
64,074
100,004

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FURNISHING FUTURES

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

3. Grants & Donations
Note
Lewin Trust
AKO Foundation
Michael & Betty Little Trust
Cruicible Foundation
Treebeard Trust
The Percy Lane Foundation
Lancashire Foundation
Garfield Weston
Firebird Foundation
Goldman Sachs
Hypatia
The Lottery Awards For All
Trust for London
John Laing Charitable Trust
Other Grants
Total Grants
4. ANALYSIS OF EXPENDITURE
a) Charitable Activities
Direct Costs
Note
Contractors & Professional Fees
Volunteer Costs
Fundraising Costs
Advertising
Direct Staff costs
6
Other Staff Costs
Direct Project Costs
Refuge Project Costs
Special Project Costs
Rent & Rates Storage Warehouse
Warehouse Expenses
Waste from Homes
b) Support Costs
Note
Support Staff costs
6
Rent and Rates
Wates Disposal
General Admin
Warehouse Expenses
Legal & Other Professional Fees
Insurance
General Expenses
Bank & Platform Charges
Accountancy
Independent Examination
Depreciation
7		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2025
2024
85,000
-
85,000
85,000
17,000
-
17,000
-
36,820
-
36,820
9,430
2,500
50,000
52,500
50,000
25,000
-
25,000
25,000
12,500
-
12,500
-
5,000
-
5,000
-
-
15,000
15,000
-
11,219
-
11,219
6,281
-
6,755
6,755
-
-
4,364
4,364
-
-
3,500
3,500
-
-
1,033
1,033
-
1,250
-
1,250
-
10,750
24,216
34,966
762
207,039
104,868
311,907
176,473
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
3,000
-
3,000
1,750
2,556
-
2,556
3,346
11,565
-
11,565
7,809
2,525
-
2,525
983
95,424
14,713
110,137
56,760
4,199
-
4,199
765
60,798
30,335
91,133
87,909
-
63,089
63,089
-
-
-
-
102,959
37,140
-
37,140
-
3,355
-
3,355
-
820
-
820
-
221,382
108,137
329,519
262,280
51,324
44,820
96,144
54,863
36,275
15,000
51,275
101,400
820
-
820
1,154
11,670
-
11,670
8,130
1,917
-
1,917
5,638
36,467
-
36,467
1,948
3,499
-
3,499
1,224
4,579
-
4,579
2,351
499
-
499
26
726
-
726
1,668
1,265
-
1,265
1,320
6,058
-
6,058
4,375
155,099
59,820
214,919
184,096

15

FURNISHING FUTURES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

5. FUNDS ANALYSIS
a) RESTRICTED FUNDS
Grants & Donations
Cruicible Foundation
Garfield Weston
Goldman Sachs
Hypatia
Barzilai
The Lottery Awards For All
Trust for London
CMS Cameron McKenna
Project Duffy Income
b) UNRESTRICTED FUNDS
Note
General Funds
Designated
11
Total Funds
6. STAFF COSTS AND NUMBERS
Gross Pay
Employers National Insurance
Employers Pension Costs
Total
Average number of employees during the year		 Balance
Closing
1.4.24
Income
Expenditure
Transfers
31.3.25
£
£
£
£
£
-
50,000
50,000
-
-
-
-
15,000
15,000
-
-
-
-
6,755
6,755
-
-
-
-
4,364
4,364
-
-
-
-
23,716
23,716
-
-
-
-
3,500
3,500
-
-
-
-
1,033
1,033
-
-
-
-
500
500
-
-
-
-
63,089
63,089
-
-
-		 Balance
Closing
1.4.24
Income
Expenditure
Transfers
31.3.25
£
£
£
£
£
-
50,000
50,000
-
-
-
-
15,000
15,000
-
-
-
-
6,755
6,755
-
-
-
-
4,364
4,364
-
-
-
-
23,716
23,716
-
-
-
-
3,500
3,500
-
-
-
-
1,033
1,033
-
-
-
-
500
500
-
-
-
-
63,089
63,089
-
-
-
-
167,957
-167,957
-
-
109,895
440,169
283,959
-
266,105
92,522
127,424
92,522
-
127,424
202,417
567,593
376,481
-
393,530
202,417
735,550
208,524
-
393,530
2025
2024
184,558
103,564
16,185
5,945
5,538
2,114
206,281
111,623
2025
2024
4.78
2.16

One employee received emoluments of more than £60,000 in this or the previous year. There were 8 employees during the year.

Total
Directors and Related Party Transactions		 2025
2024
£
£
-
-

No Trustee was paid for services or expenses during the year. No other related party transactions took place during the year.

7. TANGIBLE FIXED ASSETS
EQUIPMENT
Cost
01-Apr-24
Additions
Cost at
31-Mar-25
Depreciation
01-Apr-24
Charge
Depreciation at
31-Mar-25
Net Book Value
31-Mar-25
Net Book Value
01-Apr-24		 Total
£
£
£
£
4,791
11,593
3,370
19,754
2,544
16,038
-
18,582
Office
Equipment
Fixtures &
Fittings
Motor
Vehicles
7,335
27,631
3,370
38,336
933
3,258
3,370
7,561
1,765
4,293
-
6,058
2,698
7,551
3,370
13,619
4,638
20,081
-
24,718
3,858
8,336
-
12,194

The annual commitments under non-cancelling operating leases and capital commitments - see note 11.

16

FURNISHING FUTURES

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

8. DEBTORS AND PREPAYMENTS
Trade Debtors
Prepayments
Accrued Income
Rent Deposits
Vat reclaim
9. CASH AT BANK AND IN HAND
Total
Accruals
Paye
Independent Examiners Fees
Deferred income
Operating Lease
10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
11. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE
IN MORE THAN ONE YEAR
Later than 1 Year but within 5 Years
Within 1 Year		 Total
Total
2025
2024
£
£
-
1,023
5,152
2,145
931
23,674
32,897
-
10,558
-
49,538
26,842
2025
2024
£
£
492,370
389,321
Total
Total
2025
2024
£
£
159,777
152,474
3,124
67,131
8,929
5,015
1,265
1,320
173,095
225,940
Total
Total
2025
2024
£
£
127,424
92,522
106,187
169,624
233,611
262,146

17