REGISTERED COMPANY NUMBER: 07568473 (England and Wales) REGISTERED CHARITY NUMBER: 1203922
Report of the Trustees and Unaudited Financial Statements for the Year Ended 9 July 2025 Futureworks NY
Wasley Chapman LLP Chartered Accountants 5 Bobbies Bank Whitby North Yorkshire
Futhreworks NY ConteD ftbe FininciAI tstements for the Year Ended 9 Jul 2025 Pgt Report of the Truytees IndeptDdent Eimintr'$ Report St#tem¢nt Of Fith•tteil Adivities B•l•ne¢ Sh¢¢t Notes to the Finneial Statemtnts S to 11 Detailed Ststement of FimDtil Aeiiwit*s 12 to 13
Indt dtht Eurniner'5 Re rt to tht Trustees of Futllreworks NY Independertt es4miner's report to the tntstees of Futurtworks NY ('the CoJDpA I report to the charity trusttt5 on my examination of the accounts of th¢ Company for the year ended 9 July 2025. Re5poAsibilities and bgxi$ of report As the charity's trustees Of the Company (and also its directors for the purposes of Company law) you are responsible fgr the preparation of the accounts in a¢COrdan with the wequirernents of the Companies Act 2006 ('Ih¢ 2(M)6 A¢Y). Havin8 satisfied myself that the xcounts of th¢ Company are rtoi required to be audited under Part 16 of ihe 2006 Aci and ar¢ ¢ligible for independeni examinion. I report in respect of my exatninton of your charity's a¢¢ounis as rIed out under Section 145 of the Charities Act 2011 {'th¢ 201 l A¢t'). In ¢anying oui my examinatÈon I have follow¢d the Directiorfj giv¢n by th¢ Charity Conmnission under St10 145(5) (b) of the 2011 Act. Indep¢nd¢nt ¢MIn¢r.$ st*t¢m¢fyt Since your charity's gr05s income exceeded £250,(th y(Kw examiner must a member of a lisied body. I can rA)nfinn that L am qualifLed to uttd¢rtake the examination b¢CaL l am a member of the As$1811n of Chartered C¢rtifJed Axowitsnts, which is one of the listed b)dÈes. I hav¢ eornpl¢t¢d my examinaiion. I confim) no matters have come to rny altenti(XL in ¢onnrxtion wilh the examinatiort giving me caus¢ to b¢li¢ve'. aecounting records were noi k¢pi irt respe¢t of the Company as required by SectK)n 386 of th¢ 2006 Act" or the ac¢ount5 do not accord with those records. or the accounts do not ¢omply with the a¢¢ouniing requirements of Section 396 of the 2006 Act other than any requir¢meni that ihe a¢couNts giv¢ a tsu¢ and fair viDv which is not a matter considered 45 pan of an independent cxamination- or the accounts have rK)t been prepared in ac¢ordan¢e with the tnethods and principles of the Statern¢nt of R¢¢ommended Pracii¢e for accounting and repjrting by charities {applicable to chariii¢S preparing their accounts in attordance with the Financial Reportin8 Standard applicable in the UK and RepJbli¢ of Ireland (FRS 1021). I have no concern$ hav¢ come xmss no other mattws in with the eYarninat.ioTh to which attention should be drawn in this report in order to enablc a propEr uTrJu5tandin8of the accounts to be rh¢d. Emma Hejthrsott LLB Hon$ FCCA W&sley Chapman LLP Chartered Accountants 5 Bobbles Bank Whitby North Yorkshire Y021 IEF 23 January 2026 Page 2
rt ofthe Trnstees f tbe Ytar Ended 9 J 2025 The trustees who are also directors of the charity lorthe purposes of the Compani¢sAct 2(NJ6. present their rewrt with th¢ financial ststern¢nts of th¢ charity for the year ended 9 July 2025. The tru51tt5 hav¢ adopted the provisions of Accounting and Reporting by Charities.. Statrment of Recommended Practice applicable io charities preparing their accow)ts in accordance with the Financial Reporting Stsndayd appli in the UK and Republic of Ireland IFRS 102) (effeciive l January 2019). STRuuRE. GOVERNANCE AND MANAGEMENT Goytrning document The charity is controlled by its governing docum¢n¢ a degd of trusL and constitutes a limited company, limited by guarantee. as defined by the Companies Ad 2(KlS. REFERENCE AND ADMINISTRATAVE DETAIIS Registered comnY n4mlxr 07568473 (ETrgland aDd Wales) Regis¢ered Charity number: 1203922 Registered 0(re 40 Vicioria Road Scarboroug North Yorkshire YOII ISD Trvsttts Mr I Shears Ms F Young Mt R Batwick (appointed 13.225) H Watson (appointed 24.7.25) Comp*by Secretary Independent EiamiD¢r Wasley Chapman LLP Chartered Accountants 5 Bobbie5 Bank Whitby North Yorkshire Y021 IEF Approved by order of the board of trustees on 28 Novernber 2025 #nd signed M its behalf by: Trustee
F4tsrewo tstement of FittaDtiAI Activities for the YeAr Ended 9 J 2025 2025 2024 Toral funds Unresth¢*d fund Restri¢ied funds funds Noies INCOME AND ENDOWMENTS FROM Donations and legacies 7.0 198.638 205,728 177,368 Other tfdding a¢tivilies Investment income 84.673 (95) 32.866 117.539 (95) 131,438 49 91.668 231.504 323,172 308,855 EXPENDITURE ON Raising fvnds 7.219 11.561 18.780 16.963 Charitsbl¢ a¢tivities General 141.238 156.345 297.583 285.418 To¢AI 148.457 167.906 316.363 302,381 NET INCOMEI(eXPENDITURE) (56.789) 63.598 6.809 6,474 RECONCILIATION OF FbWDS Total fidS bmughl forward 120.487 56.644 177.131 170.657 TOTAL FUNDS CARRIED FORWARD 63,698 120.242 183.940 177.131 Surplw and tkfi¢it A¢¢ount 968 Posiing discrepancies were found in the reserve aonIS li5ttd below. This 1$ b$¢ the brought forward p)stings in the ¢urrent year are not ¢qual io the figures carried forward by WS at the end of last year. Ple check your posting5 in the brought forward account for the $urplus and deficii account 968. Unrestricted Re5trided fithds nds Total fvnd5 Brought forward- 96811 120.487 56,644 177,131 Carried fon¥atd 177,131 177,131 Differen¢¢ 56,644 {56.644) Posi io relevartt xcounts {see ICHA ¢hart of a¢Ots for fvrther d¢¥ils) The notes forrn part of these financial 5taternts Page 3
Fulureworks NY lDee Sheet 2025 Totsl funds 2024 Total fijnds fund funds Notes FIXED A&SETS TangÈbl¢ assets 14.392 317 14,709 18.071 CURRENT ASSETS Stocks C&sh at bank and in Iwld 18.310 33,576 18,310 153,501 9.987 152,966 119.925 5 1.886 119.925 171,811 162.953 CREDITORS Amounts falling due within one year (2,580) (2,580) (3,893) NET CURREwf AETs 49,306 19,925 169,231 159,060 TOTAL AssgTS LESS CURRENT LIABILITIES 63.698 120,242 183,940 177,131 NET ASSETS 63.698 120242 183,940 177,131 FUNDS Unrc5tri¢ied fid$ Restricted fut$ io 63.698 120242 177.131 TOTAL FUNDS 183.940 177.131 Th¢ charitable company is erttitled to exempiion from audit under Section 477 of the Companies Act 2006 for the year ended 9 July 2025. The members have not required the MPanY io obtsin an audit of its financia] statements for the year ended 9 July 2025 in accordance with Section 476 of the Companies Ad 2006. The trustees acknowledge their responsibilities for (al ensuring that the charitablt company keeps accountin8 records that comply with Sections 386 and 387 of the Companies Aet 2006 and preparing fJoan¢ia] ststements which give a true and fair view of the s¢ of affair5 of the charitable company a5 at the end of each financial year and of its surplu5 or deficit for each financial year in accordan¢¢ with the requirements of Se¢tions 394 ond 395 and whi¢h otherwise comply with the requirements of the CornpanÉes A¢t 2006 rclating to financial Staternen 50 far as applicable to the charithle company. (b) These finan¢ial ststements have been prepared in aCc4)rd with the provisions applicable to ¢haritabl¢ Companies subject to the small eompanies regime. The financial ststernents were approved by the Board of Trustees and authorised for i5su¢ on 23 January 2026 were sign¢d on its behalf by: Mr I Shear5- Trustee Th¢ notes forni pan of these financial ststements Pag¢ 4
Futureworks NY otes i• the Fiththeil St•t¢meDts fortb Y rEDded9J 2025 ACCOUNTING POLICIES B•sii of prepring tht finn£ixl stat¢mefjts The financial sthtemefits of the charitable ¢ompany, which is a publi¢ b¢n¢fii entity under FRS 102, have been prepared in accordance with the Charitie5 SORP (FRS 102) 'Ac¢ounting and Reporting by Charitics.. Statemeni of Recomm¢nded Practice applicable to charitie5 preparing their ac£ount5 in accordance with the Financial Rep)rting Sthndard applicable in the UK Republic of Irelartd (FRS 102) (effective l January 2019).. Financial Reporting Sthndard 102 The Finan¢ial Reporting Standard appli¢able the UK and Republic of Ir¢laThd' and th¢ CotDpanie5 Act 2006. The financial 51atements have been pr¢parcd under the historical Cost Convention. In¢om¢ All income is re¢ognised in the Statement of Financial Activities oncx the charity h&$ entitlem¢nt to the Thd$. il is probable that the inwme will tiVe ahd the ¥Mot can be measured reliably. Expenditure Liabiliii¢s are re¢ognised as ¢xpendityr¢ as soon &$ there is a legal or ¢onstrncrive obligatiot) ¢ommittin8 the charity to that expenditure. li is probable a transfer of economic benefits will be required in s¢ttlement and the amount of the obligation can be MeUred rcliably. Expendilurt is account for on an a[ualS basis and has been clsIfied under heading5 aggregate ail cost related to the esory. Where costs can[t be directly attributed io particular headings they have been allocated to activities on a b&sis con5iSteni with the use of r¢sour¢¢s. Tattgible filed skts D¢preciation is pmvidd at the following annual Tates IR order to wriie off each asset over ¢5timated useful life or, i(held under a finance lease, over the leas¢ terni, whichever is the shoner. Stocks SCk$ are valued ai th¢ lower of cost and n¢t r¢altsable value, aft¢r making due allowance for obsolete and slow moving ilem5. Tixatio The charity i$ exempi from ¢orEXJrntion tsx on its charitable activiti¢s. Fund atcouDting Unrestricted funds Can Sed in xcordance with the charitable objectives at the discretion of the tnL5tte5. Resirictrd funds can only be used ftjf particular Testria¢d purpws within the obje¢ts of the ¢harity. Restrictions arise when specified by the donoror when fuThJs aft rnised for particular restricted purposes. Further explanation of the nur¢ and of each fund is included in the rK)tes to the financial statements. Hire pureh4$¢ 1¢gsiDg tommitmellts Assets oblTr¢d under hire pur¢hase contrxts or finance leases are ¢apitalis¢d in the Balance Sheei. Thos¢ held lljer hire purch eontracts are depreciated over their esiimafed u5efiLI lives. Those held under finance leas¢s ar¢ depreciated ov¢r their estimated useful live5 or the le tern. whichever 15 51M)rter. Rent$ paid under operating leases arc charged to the Ststem¢nt tsf Financial Activities on a straight line basis over the p¢riod of the Ita5e. Pag¢ 5 continued...
Futhreworks NY Notes to the Financial Ststrments- continued 202S OTHER TRADING ACTIVITIFS 2025 2024 Furnityre Sales Sch4)ols Income Training Incom¢ 44,693 2.320 70,526 32,984 7,762 90,692 117.539 131,438 INVESTMENf i]YCOME 2025 2024 her parti¢iping inrests Deposit ae¢(HJnt interest (95) 49 (95) 49 NET INCOMEI(EXPENDITURE) Net incomel(expenditur¢} is swed aft¢r¢hargingl(¢rediiing): 2025 2024 Depreciation- owrted asse¢s Hire of plant and machinery Oth¢r operating leases 3.979 726 22,514 4.653 3,467 19,542 TRUSTEES, REMUNERATION A]¥D BENEFfTS There were no trustees, remuneration or other benefits for the year ended 9 July 2025 nor for the year ended 9 July 2024. Trnstee3' eipenxs There were trustees, expenses pMI for the year ended 9 July 2025 nor for the yetr ended 9 July 2024. COMPAKATIVES FOR THE sfATEMENf OF FINANCIAL AcfJviTIES UnrestrÉcted Restricted nds Totsl fid$ INCOME AND ENDOWMENTS FROM Donations and legacies 234.012 {56.6441 177.368 her trading aciivilies Investrnent income 131.438 49 131.438 49 Totsi 365,499 {56,644) 308,855 EXPENDITURE ON Raising fimds 16,963 16,963 Ch*ritsble actlvltks General 285,418 285,418 Page 6 ntinued...
Futsrtworks NY Note5 to the FingnciI tstemeD - ¢Olllinued for the YeAr Ended 9 JUJ 2025 COMPARATIVFS FOR THE STATEMENT OF FINA]¥CIAL AcfJviTIES- fontinu UDre5tricted Resiricted funds Tothl fund5 Tot1 302,381 302,381 NET INcOMFJxPEND[TuRE) 63.118 (56,644) 6,474 RECONCILIATION OF FUNDS Total funds brought forward 114,013 56.644 170.657 TOTAL FUNDS CARRIED FORWARD 177.131 177,131 TANGIBLE FIXED ASSETS Plant and machinery Motor vehicles Computer equipment Totals COST At 10 July 2024 Additions Grants . 11.754 2.408 (1.791) 9.129 1.841 22,724 2.408 {1.791) Ai 9 July 2025 12J71 9.129 1,841 23.341 DEPRECIATION At 10 July 2024 Charye for year 1.763 2282 1.712 608 407 4.653 3,979 Ai 9 July 2025 3.623 3.994 1.015 8.632 iYET BOOK VALUE At 9 July 2025 8,748 5.135 826 14,71)9 Ai 9 July 2024 9.991 6,847 1,233 18.071 Fixed assets. included in the above. which are h¢ld und¢r hire purthase cot)tracts or finartce leases are as follow5: Plant and machin¢ry COST Grants {1.791} NET BOOK VALUE At 9 July 2025 (1.791) At 9 July 2024 Page 7 continued...
Fllturework% NY 'Notes to the FinAncial tstemeots- ¢ontinu¢d for the Year EDded 9 J STOCKS 2025 2024 stks 18.310 9,987 CREDITORS: AMOUNTS FALLING DUE WH1 ONE YEAR 2025 2024 Trade creditors Social security and oth¢rtsx¢5 Accrned expenses 2.577 2,241 1,652 2,580 3,893 io. MOVEMENT IN FUNDS Net rnovement in funds At 10.7.24 At 9.7.25 UDrestrict¢d fundg GeneTai fund 120,487 (56.789) 63.698 Re$¢ri¢¢ed fund$ Children In Need Hargreaves Home Ed (Foyle) IUSE Williams Family Fund Lottery Two Ridings Cash for Kids Woodsmith 2.677 6,487 18.265 26.151 (2.670) I0,c0 (6.455} 1,547 273 10,000 9,164 18.263 26.151 43,624 10,000 1.218 1.547 273 10.000 7.673 56,644 63J98 120,242 TOTAL FUNDS 177.13 1 6,809 183.940 Page 8 Continued...
otes io ¢ 4tseil Statemen for tbe YeAr Ettd¢d 9 Ju - ¢ontiued 25 io. MOVEMENT IN Fuf4DS- ¢ontiTh•ed Net movement in fimds, In¢lUd in the a¥¢ are as follows: Incomin8 Resources expended Movement in fund5 Umrestrirted funds Gcneraj fund 91.668 (148.457) (56.789) RestriCj funds Children In Nc¢d Hargreav¢s Home Ed (Foyle) IUSE Williams Family Fund Lort¢ry Two Ridings Cash for Kids Woodsmith Scarb NumberTwo Lions 30.051 20,01)0 28.001 32.866 10.0¢ 95,133 4.651 302 lo,0) 500 123.S64) (1,735) (1.850) (35.536) 6,487 18.265 26.151 (2,670) 10.000 (6.455) 1,547 273 10.000 (101,588) (3.1041 (29) (500) 231.504 (167,) 63,598 TOTAL FUNDS 323.172 (316,3631 6,809 Comp*rntivts for rntsvement ID fumds Nei rnovement in fund5 At 10.7.23 At 9.7.24 Uthresirieted fvthds Generdl fund 114.013 63,118 177.131 Restrieted fuods Children In Nc RtSE Lortery 2,677 46,294 7,673 12,677) (46,294) {7,673) 56,644 (56.644) TOTAL FUT4DS 170,657 6.474 177,131 Page 9 eoiitinued...
Futhreworks NY Notes to the FinxDci*I StstemeDts- continutd ror the Yr Ended 2025 io. MOVEMENT IIY FUNDS- eontinwed Comparative net movement in fund¥ included in the atove are as follows: R¢sources expended Movem¢nt in funds resources Unrestricted Genernl fijnd 365.499 (302.381) 63,118 R¢stri¢t¢d fund$ Childrcn In Nttd RISE iA)ttery (2.677) {46.294) (7,673) {2,677) {46,294) (7.673) (56,644) (56,644) TOTAL FUNDS 308,855 1302,381) 6,474 A ¢urreni year 12 months and prior year 12 mooth5 combined p)Sition 15 85 follows: Net movement in fimds At 10.7.23 At 9.7.25 Unrestriet¢d futyds GerteTal fi]:. A 114.OTI 6.320. 120.742 Restricted funds Children lrt Need Hargr¢av¢5 Home Ed (Foyle) IUSE WilliAms Family Fund IA>ttery Two Ridin8S Cash for Kids Woodsmith 2,677 3.810 18,265 26,151 {48.964) 10,000 {14,128) 1.547 273 10,000 6.487 18,265 26,151 12.670) 10,000 (6,455) 1.547 273 10,000 46.294 7,673 56.644 6.954 63.598 TOTAL FUNDS 170.657 13.283 183.940 Page 10 ¢ontit)ued...
Fuiurew Notes to the Finan¢ig1 St4¢ements- tofvtintsed for the Ye*r En io. MOVEMENT IN FUNDS- contiDw¢d A current year 12 rnonths and prior year 12 months combtrted net movement itt fijnds. included in the above are as follows.. ]ncomin8 Resources expended Movemenl in fuTrd5 Unrestrieted funds General fvnd 457.167 (450.838) 6.329 Restrict fllTrds Children In Need Har8reaves 27,374 20.0(4) 28,001 (13,428) 10.0 87,460 4,651 302 io,000 51)0 (23.564) (1,735) (1,850) (35.536) 3.810 18265 26,151 (48.964) io.000 (14.128) 1,547 273 10.000 Horne Ed (Foyle) RJSE Willtam5 Family Fund trtery Two RL'din85 C&sh for Kids Woodsmiih SGatb Number Two Liorys (101,588) (3.104) (29) {51)0) 174.860 (167,906) 6.954 TOTAL Fuf4DS 632,027 (618,744) 13,283 ii. RELATED PARTY DISCLOSURLS There wtre no related party transactiorLS for th¢ year ended 9 Juty 2025. Pagell
Rfiurew NY Let's get your life into gear Report & Financial Statements forthe year end July9" 2025 Charity No 1203922 Address.. 40 Victoria Road Scarborough Y011 1SD Telephone.. 01723 449616 Email_. in futuiework .co_uk Website.. .fUtureW0rksn .co.uk
Let'5 gel ytyji 5rfe into oeor Futreworks NY Report otthe twstees for theyearendedjuly V2025 The management committee presents its trustees report and audited financial statements for the yearend 9 July2025. Charity name: Futurewroks NY Charity Regislration number.- 1203922 Company Registration Number: 7568473 Registered Office & Operational address- 40 Wictoria Road Scarborough Y011 1SD Trustees Mr lan Shears Chair Mrs Faith Young Vice Chair Mr Richard Barwick (appt 13.02.2025) Mrs Harriet Watson (appt 24.07..205) Senior Management Team Mrs Michelle Padron-Kitching Mrs Sarah Thornton CEO CEO
Let's get youi lile (Tlto goor Our aimsand objectlves Our charitys objects are specificauy restricted to the following- a.The reliefof unemploymentforthe put?¢ benefrt in suchways as may bethoughtfit including assistance to find ernployment ty providing tiaining and courses in employability skills such as time keeping, following instructions. CV building. team worn& communication skiLts and interviewtechniques. To advance education and training among unemployed people or people who are not in education. employment. or training INEETI in North Yorkshire by providing mentoring and courses in lrfe and functional skills ano vocational training to impiove their employment opportunities. Our activitles in the year that deliver publi¢ benefit Home educated continued A dedicated prowsion was piloted and is now a long term provision due to its success, it IS aimed atyear 10 and year 11 school studentswho are not attending mainstream school and have been signed off school role as elected home educated. We have over 40 young people on board with another 30on the waiting list. Thisfocuses on gettingyoung peoplewho have been isolated and not getting any eduation back into a stu¢tured provision that works on increasing confidence. life skills and educational attainment wth functional skills maths & English. This project started in June 2024 and $0 far we have seen over 40 young people attend. 13 complete and progress back into anminstream education and over 90% have achieved at least one qualification in maths or Engkn'sh. Youth Development A holisitc provision aimed at young people aged 16 to 19 years vtho have struggled with mainstream education. have poor mental health and need supportto moveforward wilhfurther education or employment. This provision providesvaried supportwith smallgroup work and one to one all with the aim of increasing skills and opportunities. Young people engage in sessions focused on a variety of skills such as educational. life skills and confitjence building. Sessions include functional skills. art sessions. vists to the gyrn for mental helath and fitness as well as workshop sessions. Thisyearwe have seen over60young people access this provision. with results this year showing 62% of young people engaged have progressed onto either further education or employment. with 80% achiving at least one qualfication. Furniture Works The workshop continues to support local people build skills and confidence in a practical way. Utilising donated furniture destined for land fill. clients engage wtfh repairing or reusing each piece ol furnituie with the intention of sellinE Within our retail Ltnit. This year we have seen sessions for wornen only adults and young people with over 60 people accessing the workshop and Eaining skills and confidence. our busiest yet. The workshop has been successful in building skills that clients can lake with them into their own home lives and continue to use in the future. As part of this project. the furniture shop is also an opportunityfor clients to gain
Lel's got your lile hto geor experience in retail and build customer seThice skius. 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 ot building confidence and self esteem. having a piece of lurniture that has been worked on by a client noi onlywantea by someone but paid for. Clients are proud that their work is appreciated but a150 that the pioiits made afe reInVee0 back into the organisation to help support more people. Rise 2 Thrivetrffailblazer Working in partnershipwith Betterconnect and theyork &INorth Yorkshire combined authorty, enables us to work with economically inactive adults as well as adults in work who are neuro divergent and need extra support. Split into to partsm Rise2Thrive and Trailblazer. tor adults and young people SpeCtiV[ey. Our targets for the Rise to Thrive part of this programme are 33 cbents reached ano engaged and we have achieved this before the contract en(l. Trailblazer was a smaller profile of 15 with 11 so far achieved. Prlnclpal Fundlng Sources With the exception of a small income. genered from our retail uniL our pricipal funding is generated from grants and contracts. Current main grants are received from the National Lottery Communtiy Fund and Children in Need th smaller grants and contracts received from the combined authority and national grant funders. The focus forfuture funding is core tunding to ensure services continue to grow and develop wrthout Ihe need for reinvention of new projects. Reser$ The trustees have agreed th a rninimum of 3 months reserves need to be maintained and these are at present over 3 months. Trustees are aware that reseryes are being utilised to fill shortfalls in staff funding until new grants can be Sourced. Structsre. Governanc• & Mang•m•nt The organsiation is a registered charitable company. registered as such on the V July 2023. The organisation wa$ originaLiy lounded in March 2011 as a communtiy interest company by founders Michelle Padron-Kitching and Sarah Thornton. Upon Ihe conversion of the charity. boih Michelle and Sarah were designated as Chief Executive Officers of the charity. The directors mayat anytlme appoint 8 person who is willingto actto be a director and maybe remoeved by 8ilher resignaiion. ill health or removed Oue to non attendauce of meetings within a six month period without permission. All members of the trustee boarJ give theirtime voluntarily and cer no benefits trom the charity. Trustee meetings are held quartlery ¥ith full agendas an(J minutes prodcued and diseminated.