FLtkurew th Report & Financial Statements for the year end July 9 2024 Charity No 1203922 Address.. 40 Victoria Road Scarborough Y011 1SD Telephone: 01723 449616 Email.. 11110 6)fiJlLilévvorksnv co.uk Website". Willv ILJiur2b4¥orksn couk
Futreworks NY th Report otthe tru$t6es for the year ended July 9 2024 The management committee presents Its trustees report and audited financial statements for the year end 9"July2024. Charity name: Futurewroks NY Charity Regi*ration number: 1203922 Company Registration Number.. 7568473 Registered Office & Operational address.. 40 Victoria Road Scarborough Y011 1SD Trustees Mr lan Shears Mr$ F81th Young Mrs Gail Wilks Chair Vice Chair Treasurer Senior ManagementTeam Mrs Michelle P8drDn-Kitching Mrs Sarah Thornton CEO CEO
Our aims and objectives Our charity's objects are specili¢ally restricted to the following-. 8.The relief of unemployment for the public benefit in such ways as may be thought fit including assistance to find employment by providing training and course5 in employability skills such as time keeping, following instructions, CV building. team working. communication skills and interview techniques. b. To advance education and trainingamong unemployed people or peoplewho are not in education, employment. or training INEETI in North Yorkshire by providing mentoring and courses in lif e and functional skills and vocational training to improve their employment opportuniiies. Our activities In the year that dellver public benefit HoTne educated A dedicated provi8ion aimed at year 10 8nd ye8r 11 school students who are not attending mainstream school and have been signe(J off school role as elected home educ8ted. At present this is supporting 12 young people with a further 21 on the waiting list. This focuses on getting young people who have been isolated and not getting any eduation back into a stuctured provision that works on increasing contidence, lite skills and educational attainment with functional skills maths & English. This project started in June 2024 and as such is too early to report statistics other than those attending. Youth Development A holisitc PTOViSiOn aimed at young people aged 16 to 19 years who have struggled with mainstream education, have poor mental health and need supportto moveforward with further education or employment. This provision provides varied supportwrth small group work and one to one all wtth the aim of increasing skills and opportunities. Young people engage in sessions focused on a variety of skills such as educational, life skills and confidence building. Sessions include functional ski118, art sessions, vists to the gym lor mental helath 8nd fitness as well as workshop sessions. This yearwe have seen 46 young people access our provision. with a further 5t0 start shortly. Results this year show42% ofyoung people engaged have progressed onto either further education or employment. 15% withdrawn due to severe anxieties or pregnancy 8nd the re8miming 4396 still activley engaged end working towards progressions. Furniture Works The workshop continues to support local people build skills and confidence in a practical w8y. Ulilising donated furniture destined for land fill, clients engage with repairing or reusing each piece of furniture with the intention of selling within our retail unit. This year we have seen sessionsforwomen only adults andyoung peoplewith 38 people 8ccessingthe workshop and gaining skills and confidence. The workshop has been successful in building skills that clients
JILirewL Can take with them into their own home lives and continue to use in the future. As part Of this project, the f urniture shop is also an opportunity for clients to gain experience in retail and build customer service skills. It is also an opportunity to see the furniture that is worked on sold onto someone who will treasure it. This is an amazing way of building confidence and self esteem. having a plece of lurnitUTe that has been worked on by a client not onlywanted by someone but paid for. Clients are proud that their work is appreciated but also that the profits rnade are reinve*ed back into the organisation to help support more people. Rise 2 Thrive Woiking in partnership with Better Conn8Ct and the local authority. this UKSPF progr8mme enables us to work with economicauy inactive adults as well as adults in work who are neuro divergent and need extra support. Ourtarget8 for this progiamme are 28 clients reached and engaged and sofar 22 have been engaged and 5 have achieved theifgoalswith a further6 months to go. Principal Fundingsources With the exception of a srnall income, generated from our retail unit, our pricipal funding is generated frorn grants and contracts. Current main grants are received frorn the Nation81 Lottery Communtiy Fund and Children in Need with smaller grants and contracts received from the local authority IUKSPFI and national grant funders. The focus for future funding is core funding to ensure seNices continue io grow and develop without the need for reinvention of new projects. Reserves The trustees have agreed that a minimum of 3 months roserves need to be maintained and these are at present over 3 months. Trustees 8re 8W8re that serveS are being utilised to fill shortfalls in staff funding until new gr8nt$ can be sourced. Structure, Govemanc6 & Mangement The organsiation is a registered charitable company. registered as such on the 9, July 2023. The organisation was originally founded in March 2011 as a ¢ommuntiy interest company by founders Michelle Padron-Kitchin8 and Sarah Thornton. Upon the conveTsion ol the charity. both Michelle and Sarsh were designated as Chief Executive Officers of the charity. The directors may at any time appoint a person who is wilttng to act to be a director and may be remoeved by 81ther resignation, ill health or removed due to non attendance of meetings within a six month period wtthout permission. All members of the trustee board give their time voluntarily and receive no benefits from the charity. Tru5teg meetings are held quartlery with full agendas and minutes prodcued and disemin8ted.
UnaudÉt¢d Fin&nciAI St#tsrnents for the Year Ended 9 Jul 2024 for Futureworks N
Futureworks tered number." 07568473 Balance heet Jul 2024 FIXED ASSETS 18,071 CURREKT ASSETS 162,953 CREDITORS Amounts falling due wtthitt one year (3,893) NET CURR£NT ASSETS 159,060 TOTAL ASSETS LESS CURRENT LJABILITIES 177,131 RESERVES 177,131 NOTES TO THE FINANCIAL STATEMEP4TS STATUTORY INFORMATION Futureworks Ny is a Private Limited Company, by guarantee, without share Capital use of 'Limited' exemption, gistered in England and Wale5. The company's register¢d number and registered oFfic¢ address are as below,. Registered numbtr.. 0756847J Registered office: 40 Victoria Road, Scarborough, YOI I ISD AVERAGE NUMBER OF EMPLOYEES Tlie average numb¢r of employees during the year was 8. The company ts entitled to exemption from adÈl under Section 477 of Iht Ctsmpani¢s Act 2006 for the year ended 9 July 2024. The members have not required the eompany to obtain an Qudif of its financial statem¢nrs for the year ended 9 July 2024 in a¢cordante with Se¢tion 476 of the Coinpanies Act 2006. The trustees acknowledge iheir rrspollsibiliiies for. (al ¢nsuring that ihe company keep5 accountiog records which Comply wilh Sections 386 and 387 of the Companies Act 2006 and (bl preparithg fInat)¢ial statcments which give a truc and fati view of the state of aff&i13 of the company as at the end of ea¢h financial year and of its profit or loss for each finaJ]rial year in accordance with the requirements of Sectiofts 394 and i95 and whirh otherwise cotnply witlt the requirements of th¢ C.ompantes Aci 2006 relating to financial $tatement5, so far &8 applicable to tli¢ Company. Page I Continued...
FtstUTework5 N 15tered number: 07568473 BAIance Sheet- continued Jul 2024 The finan¢ial statements have been prepared in a¢cordance with the micro-eniity provisions and delivered in accordan with the provisions appli¢able to companies subject to the small companies regime. Th¢ financial statements were approved by the Tru5tee5 and authorised for issue on 9 October 2024 and were signed on its behalf by: Mr I Shears- Truste M5 G Wilks- Trustee Ms F Young- Trustee Page 2
Chartered Accountattts, Re ort to the Board of Directors on the Unauditcd Financial Statemellts of Futurtworks N In order to A%SlSt you to fulfil your duties under the Compani¢s A¢t 2006, we h&ve prepared for your approval the financial siatements of FutUFeworks Ny for the year ended 9 July 2024 which comprise the Incotne Statement. Balance Sheet and the rElat¢d notes from the company's accounting records and from infomiation and explanations yots have rTiveEi LI5. As a practising member firTn of the Institute of Chartered Accountants in England and Wale5 {ICAEW), we are subject to tts ethical and other professional requirements which are detailed within the ICAEW'S regulations and guidance at http."Ilwww.i¢aew.comlenlmembership/regula¢iiJns-st8nd#rds-and-guidance. This report Es made solely to the Board of Directors of Futureworks Ny, as a body. in accordance with our tenns of engagement. Our work lias been undertaken solely to PEepare for your approval the financial statements of FUreWorkS Ny and state those matters that H'e have agreed to State to the Board of Directors of Futureworks Ny, as a body, iE] thi5 report in accordance with ICAEW Technical Release 07116AAF. To the fullest extent pennitted by law, we do not accept or assuEne responsibility to ar*yone oth¢r than Futur¢wtsrks Ny and its Board of Directors, as a body, for our work or for this report. It is your duty io ensure that Futurewoiks Ny has kept adequate a¢counliDg rOrdS and to prepare statutory ftnancial statements that give a true and fair view of the assets, liabilitl¢5, financial position and profit of Futureworks Ny. You consider that Futureworks Ny is exempt from the statutory audit requirement for the year. We have not b¢en instructed to carry out an audit or a review of the fjnancial stat¢ments of Futureworks Ny. For ihi5 Teason, we have not Yerified Ilie 2ccuiacy OT completeness of the accounting records or information and explanations you have given to us 2nd we do not, th¢refor¢, express any opinion on the statutory financial statements. Wasley Chapman LLP Chartered Accountants 5 Bobbles Bank Whitby Nonh Yorkshire Y021 IEF 9 October 2024 This page does not fom) part of the StatOry financial 5tatetneDts Page 4