Foxle's Future
Foxie's Future
IA Charltable Incorporated Organlsatlon)
Trustee's Report and Financial Statements
For the perlod ended 29th February 2024
Charity Re8lstratlon Number: 1204342
Pa8e I

CONTENTS
Report of Trustees
Page 3
lTrJependent Examinati￿ Rep)rt
Page 13
Statement of Finandal Attiyitles
Page 14
Balance Sheet
Paqe 15
Notes to the Finandal Staten*nts
Page 16
Pa8e 2

FOXIE'S FUTURE
Trustee's Rem for the perlod ended 29 Febnmry 2024
Chairs Report
As I wrlte thSs report Foxie's Future has Just celebrated its first birthday and what a flrst year It ha5 been, We
have experienced many challen8e5 and rnet many slgnlf5cant milestcffie5. The flrst was In January 24 when we
were able to announce we had secured our f7rst E1million. The efforts and work of our supporters has been
amazing) from the smallest Rainbow, who has yet to experSence Foxlea5e, ￿ local community, businesses
and groups who want to be able to access Foxlejse for lelsure and trainln8 and to th05e who have 5Fent much
of thelr live5 wlth connectksns arKI companionshlp and fond mernorSes who want to enable others to have that
opportunity.
In the latter of our first year, havfng launched our Communlty Loan Scheme to enable u5 to bld for Lot 2
of the slte, we were amazed by the speedy respKJnse to our call, which 8ave us the fuel to keep pushlng ￿,
and 5ecLred the balarKe to enoble the purchase to haFpen.
We are iook1r4 for+Mrd to havltWA the cwortunlty to develop lon8 temi partnerships to take v6slon for￿0rd.
Flnally, to repeat our thanks for eve￿hIng you have allowed Lts to athieve to date and please keep on
fLndraising.
Ha
Page 3

FOXIE'S FUTURE
Trustee's Report for the period ended 29 February 2024
The T￿￿teeS pre5er4t their report wlth the finandal statements of the Charitable Incorporatrd Organisation
(CIO) for the period to 29th February 2024.
OWEcnvES AMD ACTNITIES
Vlslon
To acquire the-Foxiease Activlty Centre" slte in order to wovide faalities in the interests of soclal welfare
I￿ recreation or other le15ure t5me occupatlon of iThJlviduais who have need of such facilitles by reason or
thelr youth, age infimiity or thsability. flnanclal hardshlp or ￿aL drcum5tsnces wfth the object of improylng
thelr condltlons of life and to help young peLyle to develop their skllls and capabllities In ￿der to enable
them to participate In society as mature and resptsnslble adults.
Objertives
The objectlves foi 2023124 were:.
1. To ralse 5ufflclent cwtal fund5. by a mix of srnall-scaie fLmdralslng¥ qrant fuThJlng Jnd donations to enable
the thadty to submit a successfvl purchase bld to acqure Lot 1 of the Foxlease A£tMty Centre slte within
the UmvJcales of Glriguldlng UK'S commerclal Sale;
2. To grow the tharlty's swwirt Tn the local and wtder CfAnmunitles to build a swjporter and volLmteer base to
Supr￿ the successful dellvery of ¢harfty'5 objective5;
3. To develcy an exten5fve buslr*55 plan and 5￿porting capltai and revenue budgetlryd projectlons to test the
viability of the charfty's aim to acqulre the Foxiea5e Activity Centre site and to erHble the Tru5tee5 to make
strateqlc ded51(￿5 regarding approach to acquisiti￿ arKI the p)st.acqu151tk*n strategic FAan5.
Structur•. ￿ernaThCe and manayment
The charity15 a Charftable Incor￿ated Ooanisation {cio)" governed accorthng to the constitutlon dated 24
June Z023 (amended on 30 July 20231, with reglstered charity number 1204342. It wa5 estab11shed and
reg15tered In August 2023 to take forward the work of the UnlncorpDrated Charftable lssotht1￿ of the same
name wthich had been operatlng In the precedtng three months toward5 the same charltable objects.
FurKlralsi
ACti￿treS
In the wod Since its r4istratlon, the charfty con￿rted a Yaried rawe of local, natlonal and
Intemational Inltiatlves In order to raise suffldent funds to support a purchase bld for the site kTh)wn as
"Foxiease Artivity Centre., wfth the aim of sthsequently opening that slte to enable delivery of the charfty,
Objects for younB people arKI Social welfare for recreatlon.
The small.scale fundralsing activtties Indthyed attendan￿ ty Trustee5 and Volunteers at In vAcess of 50
events, varylng from County Shows. to village hall fundra151r4 falr5, to%￿ hall meetin￿. vfrtual f￿￿raIsers.
onllne Internatlonal events and Artfvity Days for both chlldren aThJ adults, at which representatfve5 shared
the charity's alm5 and obJectlve5 with a wider audience and sold merthandise aThl donated items to ralse
funds. The charfty also entered a rbumber of Chrlstrna5 Tree Festival Event5 over the December 2023 perlod
to Increase awarene55 of the charfty within tts local cOmTh￿nIty.
Page 4

FOXIE'S FUTURE
Trustee's Report for the period ended 29 Fèbruary 2024
Fundralsln ArtiYitle5
Ikrchanthse items ￿￿th the charity's 1080 and a range of fundralslng bad8es ￿th connected actMtle5 were
developed and soidover the year via a sale5 website designed forthe charfty, called vTh4w.Ic>xies5ho
in
.com
and at in person events, to allow for engagement opportunltle5 with attewjees at third party events and to
rnlse fur¥J5.
Fundralslng acilvltie5 also fjnd￿Ied Frnotion at events of the opport￿ltY to make a pLed8e tD donate In the
event of a successful wrdw5e of the slte, to make a dlrect (k)natlcK) and/￿ to donate the charlty's
crowdfunthng pa8e.
Durinq the relevant flnandal wl¢xl charfty submltted a nwnber of app11catl(￿ for iargtrscale grant
fLndlng, vhth the support of PrOfes￿Onal Fundralsets en8a8ed by the charity and secured fundlng for future
years of over £5LXJ,CKM) from a nwnber of prlv?te trusts tOW￿th Its fundralsln8 8oaL5. With a number stlll
pending atthe end of the (harf¢￿s finandal year, some were unsuccessful and, where approprfate, the cl￿rIty
5ubmltted ameryKled appllcatlcms in Sthsequent funding rounds. Slnce the charity'5 year eThJ, a n￿ber of
grart appllcations have been conf1rn￿d as 5￿CeSsf￿, Incl¢klln8 the $I￿lficant award of £1.73 milllw of
capltal fLmdln8, and £50,1￿) of rwenue fundlng av￿rded by the Department of Levellln8 Up, Hou51n8 and
c￿￿m￿ltieS, Communlty Ch¥nershlp Fund on Z3 PAarch 2023.
In conjunctlcn with the Brant appllcatl¢fS mentloned al￿e, the charfty a150 t(M)k preparatory step5 towards
the launch of a Community Loan Scheme to support its purchase bld, which ha5 slnce been launched In Aprfl
2024 In the charity'5 ne*Y flnartdal year.
Foxie's Future Fundraising
. Savo a 8Ack
Foxie￿ Family
Merch8ndlseSale5 p Growdfunding
Don211ons
Event5
In its flrst year of operatlon, the charlty's 5UPF(rter numbers have gr)Mffi to Jwt 4.(1)O, measured based
on a comblnatlon of sodjl medla frAlowers and r￿￿etter sub5crlbers to the charfty's malling Ilsts. 5￿porter
Jmbers In the financlal sear have been grown through a comblnatlon of attendaKe at communlty and local
events and throLryh a targeted medla campalgn to fficourage exlstlng Supp￿¢$ to share news of the tharity
and Its objectlves further afleld. The d)arity malntJlns a number of s¢xlal medla platfO￿S to eryage wlth
Its SUPPOrte￿, the most promi1￿t befng its FacelxK* Page and Facebook Group. It also rur6 an I￿￿graM
pale, a Linkedln Pale and an X account (fornieriy Twitt&l.
At the end of September 2023 the chjrity launched a membership stheme for Its supporters called "Foxle's
Family" ￿lch has grown to Incl￿ approxlmateiy 500 sub5ulbed mernbers.
Page S

FOXIE'S FirruRE
Trustee's Report for the period ended 29 February 2024
Develo
ent of committee structure
In its flrst months follmng r41strat1￿. the charity's TnLEtees established an inltlal gOVerna￿e strurture of
sub-committee5 to 5UPPOrt the Trustee Board with specific tssks and to repjt into the TA￿tee Board. This
was refined and restrurtured In January 2024 to better 5u5t the charity's needs at that tlme following the
Initlal perfod of furKlralslng and to incorpDrate an addltlonal, spedfic commlttee to manage Intemational
Engagement. The charlty's current Commlttee Structure inclthjes the follovAng commlttee5:. Prcyerty
Cornmittee. Operations Commlttee: External Engagement. Intemational Committee and the Flnance. Risk and
GovematKe Comrnlttee.
Busine55 Plan and Revenue Bthj
The Trustees ond Commlttee5 have y*￿￿ed to develop a rOb￿t 5 Jrar Buslness Plan and supportln8 Revenue
Budget, to inform the charity'5 approath to suixnittlng a Successful bld, fundlnq and frant appllcatlons and
to asslst with future stRteglc planniry.
ACHIEVEME1￿5 AND PERFORIAANCE
As the relevant finandal pericd was w5thin the charity's fitst year. a signlficant port1on of Its perforrnance
and achievement was In the 5ucc&sful develcpment of Its new governance str￿LUre and the subsequent
development of its Intemal rlsk M￿agement proce55es and wllcies to ensure a compllant #rat4ic and
operatlonal approach to r15k fftana8ement. Alongside Its Successful development of Its s￿emanCe str￿t￿re
and processe5. charityaiso $￿Cess￿lIY deilvered agaM￿t Its fwding objertives during the relevant period.
FINANUAL R￿lEw
Income & allocated fundlng
Foxie's Futwe received its Income In thts flrst year of tradin8 frc¥n a mix of Fundralslng. Mèrchandlse Sales
and Donatlons. in line wlth its stated objettfve of securing fundlr¥ to wrchase Foxlea5e ActSvfty Cent
site. Thls resulted In Funds ra15ed of £169,941.
In adthtlon to the funds rellerted in the accounts. the Charlty was %Kces5ful in securlng fundln8 of over
£500,c￿ from a number of prfvate trusts and foundatlon5 and local public bodles, vthlch wlll be recognlsed
In the accounts at the time of complelion of the acqui51tlon of the Foxlease Actlvtty Centre slte.
Durtng the finandal period. Foxie's F￿￿e a150 Put In a bid to the Department of LevellTn8 Up. Houslng and
CoTnmunltles' Communlty (hynership F￿d and heard in March ZOZ3 that th15 wa5 SLKce55ful and C1.73m has
been awarded.
Foxie's Future supporters have a150 pledBed slgniflcant 5UPFrf)rt, in the way of pledged donatlobB, wthlch wlll
be reql￿ted at the appropriate tlme, doser to aCqulsltl￿.
Total f￿d5
At the end of the flnanclal year, Foxfe's Futwe W fund5 of £149,249 of whkh £103,58715 held In Restrlrted
FuThJs, 5pedfically for the acquTSitN)n of the Foxlease ACtI￿ty Centre slte. baLaKe of £45.662 Is held in
Unre5trlcted reserves.
Page 6

FOXIE'S FLrfuRE
Trustee'5 Report for the period ended 29 February 2024
Reserves pDIIcy
Foxie's FLrture 15 run as a charitable Incorwrated organlsatlcm and 15 reswn51ble for securing ca￿tal fundin¥
to purchase the Foxlease ArtI￿ty Centre site in additlon to developln8 an extensive bu5ines5 plan and
SUP￿rting capTtal and revenue budgetlng projectlons to test ￿ ￿abilIty of the charfty's aim to acwlre the
FDxlease Activity Centre site and to enable the TnJstees to make strate8ic decislons regardlng approach to
acqulsltlon and the post.acquisition strateglc plans.
The Trustees have put in place a re5erYes pollcy during thls first finandal year to ensure arrent best prnrtlce
taking into account Foxie's Futures key current risk5.
The CIO'S policy Is to hDLd reserves for the followlng purpose5:
To Secure and bulld Restricted Re5eThes to a level to enable the acquisition of the FoxleaseActlYlty centre
sSte.
To ensure unrestrfcted reserves are heid at a level to ensure sufficlent fund5 are avallabLe to meet Its
operntional costs, at the same tfjme, tr￿lding these reserves to a 5ufflclent level to ensure ade4L￿te
work1￿ capltal upon 5LKcessful acquisltTon of the slte, based its b￿lnesS pian and five year reverwe
b￿et.
The reserve5 pollcy WFII be further reV[e￿ed In the 2024125 flnandal year to ensure that it Is relevant.
adequate and refiects tr* needs of the Charfty 5￿Uld it te Successf￿ In Its acqulsltlon of the acu￿tyCelltre
site.
In Ilne wlth the above p)Ilcy at 29 Fel￿Uary 21Y24, genernl reserves S￿nd at £45,662.
the year, two restrtcted reserye5 were set up tQ Secure funds rdlsed In the perlod. These fvnds wlll be
repald If the acqutsltlon of the Foxleasè Activity Centre slte Is ￿SUccessful. These were
Save a Brlck
Crowdfundln8
Further detslls on these funds can be found In 8 to the atciwnts. Slnce the year end two Iwther
restrlcted reseryes have been set w to 5afe4uard dDnorfs fund5.
PLANS FOR FimJRE PERIODS
The charfty submltted Its bld to wrcha5e the s?te needed to contlnue delfvery of Its objertives on 25 March
2024 and pm8ress to Round 2 of the blddlng pr￿e$S on 24 Aprfl 2024. The charfty's futwe plars depend wn
the outcome of that bid.
ff the charity 15 succes5f￿ in its bld to purchase the slte then it will cortinue to fundratse to Increase ft5
capltsl, alongslde the purchase Process. 1￿ce the acw151tlon Is complete, the charity Mll then worf( to
prepare the slte for a phased re-opening Df the facilltle5 offered. in Ilne with It5 bu51ne$5 pian and updated
market research aNI wll stsrt to take advanced b¢)okiTr45. The charity wlll also seek to make the 51te fit for
hostlng a numiEr of fundralslng awareness eyents In preparatlon for Its re-openlng arKI to keep It5
sw)orters engaged.
Pagè 7

FOXIE'S FLMIRE
Trustee'$ Report for the perfod ended 29 February 2024
If the charfty ts ￿￿uCcessful in its purthao bid, then It wfll enswe that all optlon5 for acqulrlng the site have
been exha￿ted. (knce the site ha5 been sold to a thlrd party, and a55umlng that there Is no OPFQrtunity for
any atternative partnership structure thrDU8h which the charity would be able to dellyer its obJertiYe5, the
charity would take Steps to notlfy those contingent donors of the Dutcr￿e. The charlty wfll then take steps
to rtrevaluate the options for en5urfng delivery of Its charltable objectlves wlth charftable funds
rernainiry and to prepare a fwther strategy at that time.
STRLrfuRE, GOVERNANCE AND MAMAGEMEKr
Trusiees
The Foxie's F￿￿e Board sets the strateglc dlrectlon and Is responsible for enyriwJ that the charlty uphold5
its Val￿ and governa[￿e and delivers Its objectfves.
Foxle's Futwe Board has capacity for nine Tntstee5. The Board met 4 tSme5 thrlng the reporting periryj
and they cornm￿ted frequently between mee¢lng5.
The FFTru5tee5' Code of c￿d￿t thcument, Chair of Tru5t&s' Role Descrtptlon and TNstee Role Descrlption
are reliewed ann￿LlY.
The appolntment of Tru5tee5 15 ￿erned by the charfty's Con5titutlon. *ppolntTnents are for an Inltlal perf
of three years. Followlw thls first temi, Trustees can be re.elected for up to two furttr￿ terms of three yea
In succe5s1on. Tr￿tee posltion5 VAII be revlewed basgj on the skills, experience arkl knowledge requlred, aTh
advertised on the Foxle's Future web51te and soclal media thannels and other advertlslrvd methods agreed by
the Twstee5, appropriate to the skllls requlred by the posltion. The Chalr and at least Trustee Intethew
candidate5 and a recommendatirm is made to the Board for thelr appolntment.
a Trustee has b#en appointed, the Board of Tntstees vhll ensure that appropriate trainlng and inthjctlon
prrttdure5 are fcilowed dependlng the experlence of the 1ndfvId￿lI/S appolnted.
The board of TnÉtees wths wlth the followtng subcommittees:.
1. Pryrty ConwDittee, whlch15 respon51ble for:.
Coliatfng aNI presentlng to the P*)ard all relevant Infomatlon pursuwt te the purchase and the
l)u5iness plan.
il. Alaintenance and d￿￿0pment of the slte.
111. Maintenance of a reglstef of equlpment.
iv. Securing addltlonal I￿￿Ing for property.related Improvements.
2. External Eryagement Cornilttee, 15 respon51ble for:.
Promotlon of the campalgn to acquire Foxlease vla social media. TV and nev+spyr Intery
aNI atterKlance at relevant events.
li. Promtion of the facllltles, artiyltles aTrJ events at the slte in accordan￿ wlth an agreed
marketing and communications plan and l￿dget.
111. Event Management.
iy. Fundralslns and bld.writln8.
Pa8e 8

FOXIE'S FLwfuRE
Trustee'$ Report for the period ended 29 February 2024
3. Operations Commlttee. whlch is respon51ble for:.
l. Planning and overseeing the ImplementatlLM of the f￿l range of h05Pitality aml ccxnmerciai
attivttle5 to be offered at Foxlease.
Identifying opportunltles for extemal fundlng to help fad11tate the activitles.
4. Internjtional Committee, vthich Is respor￿Ible for:_
l. Engagement and Promoti￿ across the world.
il. Oversight of Intematlonal fundraising process to ensure complIan￿ in conjmctlon wlth the
Flnance, Revenue and Governance Commlttee.
Developins the worldwlde supporter base and f￿￿raIsIng pmgramme In conjunctlon with other
commlttees.
Iv. Fundra15ing and bld wrttlng.
5. Flnance, Rlsk and Govemance Cornmittee. whith 15 responsible for:"
l. Monitorlng and revlewing all flnancial matters lffludlng perforrnance aqainst ￿an and bud8et
and to wovlde flnancial forecasts based on the 5-year buslne5s plan to ensure short and long-
tern) viability.
ii. Revlewlng and thallenglng the rtsk registers, deveiopln8 and rnanaglng intemal control system&
Ensurlng good 8ovemance.
Employees
The charity currently has no employees.
Our charltable objertlves
The ConstitLrtion of the CIO is laid down In the Foxle's Future Constitution adopted cm 24 June 2023 and
subsequently amended on 30 J￿Y 2023.
The objects of the CIO are to advance. for the wbllc benefft. gjch charftable PUTP05es (accordin4 to the Law
of England and Wales) as the charity trustees see fit from time to tlme, In particular but not limlted to:.
Helplng young people, especially not excluslvely through recreatlonal and lelsure tlme actlvltle5, to
devel(p thelr skll15 arKI capèbllltles In order to enable them to participate In society as mature respmslbie
Individuals; and
pro￿dIng or asslstlng In the provision of fadlltles In the Interests of social welfare for recreation or other
leisure time occwtiefi of intjividuals who have need of such facilities by reason of t1￿1r youth, age, Inflrnlty
or disability, flnancfal hardship or 50aal drcumstances wlth the object of Improving thelr condltlons of Ilfe.
Pubtk bèn•flt ststement
The Trustees have given due regard to the Charlty CommIssl￿'S gindance on rewting Publlc Benefit when
plannin8 the charlty's activities.
The paragraphs on page5 4-6 set out the CIO'S c&Jectfve5, actlvltle5, achlevements and performance dwlnR
the year, whlch directly relate to the objects and purposes for whlch the CIO exlsts. The CIO achleves Its
objects and pury>05e5 through a sertes of communlty engagement events in antldpation of the acquisltlon of
the Foxlease Art1vlty Centre slte to enable the continuing dellvery of the charlty's oblettives. The benefits
of thfjs 5UFP)rt are fully compllant wlth the Charity Commlsslon prirKlples on public benefit.
Page 9

FOXIE'S F￿VRE
Trustee's Report for the period ended 29 FebrU￿Y 20Z4
Rtsk manayment
The Tru%tees have undertaken a fundamental review of risk mamgefflent durlng the flnandal period. to
enable full risk management processes and reglsters to be put Into place, to ensure that the Chartty is aligned
wfth Its wtth strateBlc and ttynarnic rbsk capture.
The Trustee5 are satisfied that the risk management process deLivws an effettlve picture, to suppcrt thelr
declslon making. The risk reglsters are reviewed regularly by the Trustees at theTr Board ffl￿ng$, revlthying
movement5 In rfsks, mlti8ations and resultant actlons.
Key areas of rfsk considered include, strategic. flnandal, operatlonaL reputatlonal, Legal aThJ corr¢)liance,
qovemance and ￿.
Pa8e 10

FOXIE'S FLrruRE
Trustee's Report for the perfod ended 29 February 2024
REFERENCE AND ADMINISTRATN)N DEfAILS
REGSTERED CHARrrY NUMBER
1204342 {En£land and Wales)
CHARrrY OFFICES
Foxie5 Future
Foxlease Parf(
Clay Hlll
Ly￿1hUr5t
Hampshi
S043 7DE
TrUSTEES
Hazel Warwlck - Cha1r (appointed 4 October 20231
De￿rah Lafferty lappolnted 24 June 2023}
Emma Steven5 lappointed 11 January 20241
Paul Meacher (appointed 6 February 20241
Susan Groves (appointed 4 Ortober 2023)
Teresa I1￿1k5 (appolnted Z4 June 20231 {reslgr*d 1 Decfflnber 20251
ivienne Frdnklln (appointed 24 June 20231 Ire51gned 1 December 2025}
INDEPENDENT EXAMINERS
Azets ALkJlt Services
Gate￿aY Ho￿e
Tollgate
Chandlers Ford
Hampshire
S053 3TG
BANKERS
Lloyd5 Bank pLc
PO Box l(
BXI 1LT
Page 11

FOXIE'S FUTURE
Report of the Trustee's for the period ended 29 February 2024
RE5POMSIBILmES OF THE TRu¥fEES
The Tru5tee5 are re5ponslble for preparing the Tru5tees' annual report and the finandal statements
in accordance wtth applicable law and United Klngéorn Accounting Standards {iknited Kingdorn
G￿erallY Accepted Accountlng Practlcel.
The law applicable to charities In EngLand, Wales, and Scotland requires the Trustees to prepare
flnancial statements for each flnancial year which wve a true and fair ¥Aew of the rtate of affalr5 of
the tharity and of the IrKomlng resources and appllcation of re50ur¢es of the charfty for that period.
In preparfng these finanaal statements, the Trustees are requlred to:
• select suitable accounting pollcles and then apply them conslstently.
observe the methods and prlncfple5 in the Charitles SORP 2019 IFRS 1021.
make judgements and estimates that are rea5(￿able and prudent.
' state vthether appllcable accoLmtini standards have been followed, subject to ary
material departures dlsclosed and explained in the flnancial statements,.
• prepare the finandal statements on the going concern basis unless Itfs inapproprlate
to presume that the charlty VALI Contin￿ in opeTat10n.
The trustees are re5ponslble for keepln8 proper acc(xmtlng records that disclose with reasonable
accuracy atany tlme the financial positlon of the charlty and enable them to ensure that the financial
statements comply with the Charitie5 Act 2011, the Charitie5 IAccounts and ReFths) Regulations
2015 and the provlslons of the tnjst deed. are also restwJn5ibie for safekeeping the assets of the
charfty and hence taklng reasonable steps for the weventlon aThJ detertlon of fraL•J aTrJ other
Irreg￿a￿lSes.
SI¥F￿d on behalf of the Tn￿tee9
Ha
Clkii&JJf
e Trustees
Foxie5 Future
AForoved by the &Mrd of Trustees on
Page 12

FOXIE'S FUTURE
Independent Examlner's Report to the Trnstees of Foxle's Future
I report to the charlty trustees on my examlnatlon of the accounts of the charity for Per1￿ ended
29 February 21ri4 vthich are set out on page5 14 to 19.
ReSp￿SIbIlItIeS and basts of report
As charlty's tr￿Stee5 you are responslble for the preparatlon of the accoLmts In accordance wth
the requlrements of the Charltle5 Act 2011 I'the Att'l.
I reFQrt in respect of my examination of the tharity's aCCo￿ts carried out under sectlon 145 of the
Art and in carrying out my examination I have follryrted all the applicable Directions given by the
Chatity Commi551on ￿MIer 5ectiDn 145151(b) of the Act.
Irrflependent exarnlner's statement
I have completed my exan7lnatlon. I confirrn that Tr) material matters have come to rny attention in
connectTon with the examinatlon giving me cause to beLleve that In any material respect".
accountlng records were not kept In respect of the charfty as required by Secti￿ 130 of the
Charities Act; or
Z. the accounts do not accord wlth those Tecord5; or
3. the accrMJnts éo not comply wlth the appllcable requlrements concemln¥ the form and
content of accounts set out in the Charities (Account5 and Report51 Re￿AatIOnS 2008 other
than any requirement that the aCc￿nts give a 'true and falr vlew, which Is not a matter
c￿sk￿red a5 part of an Independent examlnation.
I have no tc*￿MS aThJ have come across M other matter5 In connectTon with the eyam1natl￿j to
hlch atteTrt1¢￿ shouiLI be drawn fn thls repwt in order to enable a proper wder5tsbTrthnq of the
CCo￿ts to be reached.
Jcyb Noble FCCA
Azets Audit Serylce5
Gateway House
Toll8aie
char￿lerS F(Yd
Hampshire
S053 3TG
Date:
Page 13

FOXIE'S FUTURE
STATEMENT OF FINANCIAL ACTIVITIES
for the perlod ended 29 February 2024
Notes
2024
INCOME AND EXPEMDrruRE
Unrestrlcted Restrlrted
T¢Jtal
INCOME FROM:
Donation5 and 8rants
Other Income
20,571
20,571
Income from Charltable
Artivitles
45.783
103,587
149.370
Total Income
66.354
103,587
169.941
EXPENDITU￿ FROM:
Charitable actlvlties
ZO,692
20,692
Total oxpendfture
20,692
20,692
INCOME FOR THE YEAR
45.662
103.587
149,249
Recorbdllatl¢n of funds:
Total fuTrJ5 bro￿h¢ fon¥ard
TOTAL FUNDS CARRIED FORWARD
AT 29 FEBRUARY 2024
45,662
103,587
149.249
All Inc(thlng re50urce5 aTrJ r&ources expended derlve from contiNini attlvltle5.
Page 14

FOXIE'S FiifuRE
BALANCE SHErr
29 February 2024
2024
Notes
FIXED ASSErs:
TangllAe asset5
CURRENT ASSErs:
Debtors
Cash at tonk and in hand
152,749
152,749
CREDThORS: Amounts faLilnq
due wlthln one year
NET CURRENT Assrrs:
149,249
TOTAL ASSEfs LESS CURREwr
UABILITIES:
149,249
FVMDS:
Unre5trlcted fund5: general reserve
Restritted fund5
45,662
103.587
149.249
The finanaal statements were approved and authorised for155ue by the members of the Board of Tnstee5
3¢> Jo3 arml signed on their behalf by HaTrl Warwlck Ichalrl.
el
Chalr o
Ic
the Trnstees
Dated: 30
1.,12
PaBe IS

FOXIE'S FUTURE
NOTES TO THE FINANCIAL sfATEMENTS
for the peri(Ml ended 29 February 2024
1. AccouKfiNG POUCIES
Accountlnq convention
The financial statemenrs have been prepared in aCcOrda￿e with the Statement of ftecommended Practlce:
Accountlng and Reporting by Charities preparlng their accounts in accordance with the Flnancial Reportlng
Standard appllcable in the UK and Rewbllc of I￿land {FRS 1021, and the Charities Att 2011.
The Charfty Is a charitable Incorp)rated oryanlsation reglsttred in England and con5tltutes a publlc benefit
entfty a5 defined by FRS102.
The Trustees con51der that there are Th) matwlal uncertalnrles about the Trust'5 ablllty to as
8olng concern.
The 514nificant aCc￿n¢1￿ pollcles applled In the preparation tlf these financial 5tateThents a￿ set
Fund accountlni
General fund5 are unrestricted funds whlch are avallable for use at the dlscretlon of the Trustees In
further4ntt of the general objertTves of the thar1ty and whTch have not been designated for other
purposes.
Restricted funds are I￿￿5 vknlch are to be ￿ In accordance wlth sPe￿fIC restrictlons Imppsed by donors
or wthich have been rdlsed ty the charlty for particular purp05e5. Tr c05t of ralslng and admlnlsterlng Such
fund5 are charged agalnst the specific fund. The aim and use of each restrfcted f￿d Is set out In the notes
to the flnancial stateff￿nts.
Inc*)mlnq re￿)UrCeS
All incoming res￿r(e5 are Induded In the statement of flnancial activities when charity Is legally
entitled to the income and the am¢)unt can be quantified with reasonable accuracy. SLKh Income 15 only
deferred wthen the d￿or specifies that the grant or donation must only be used In future acctynting
F*rfods.
Glfts d¢)nated for resale are inclu¢*d as Incorne when they are sold. No amount5 are Included In the
flnanclal statements for seNlces ¢knated by volunteers.
Reswrces expended
All experKllture is accounted for on an accruats basis and has been cla551fied utNJer headfngs that aggregate
all costs related to the category. Where costs cannot be dlrecily attrfbuted to partlcthr headlngs, tl
have been allocated to activitie5 on a basis conslstent wbth use of the re50urce5.
Tanglble flxed a5Sèts
Expend?ture on fixed assets over £1,CKII Is capltaiised. Repalr expenditure is V*Titten off as exFendlture In
the statement of flnandal actlvltle5.
Income and fund5 poIIcy
Voluntary Income and donations are accounted for a5 recelved by the charlty.
Cash at bank and in hand
Cash at bank and In hand I￿LudeS cash and short term hl8hly liquld Investments wlth a short maturlty of three
month5 or le55 from the date of acqutsition or openlng of the deposlt or slmilar account.
Valu• added tsx
The Charity is registwed for VAT.
Pa8e 16

FOXIE'S FLrruRE
NOTES TO THE FINANCIAL STATEMENTS
for tho perfod ended 29 February 2024
Forelgn currencies
Transactiuns In foreign currencles are recorded at the rate ruling at the date of the transact*)n.
2. DOHATIQNS AND GRANTS
2024
D￿atIOnS
20,571
20.571
J. IMCOME FROM CHARITABLE AcllviTIE5
Unrestrfcted Restrftted Total
Funds
Funds
Fun(ts
2024
2024
2024
'Save a Brlck. Campaign
Foxle's Family m￿berShiP
Crowdfundln8
Events & Other Fundratslng
Al*rchandlse Sales (Promotlonall
20,155
20,155
4,513
83.432
19.402
Z1,868
4,513
83,432
19.4)2
21,868
103 587
149
4. EXPENDtr
Unrestricted Restrlcted Totsl
FLUKIS
Funds
Funds
2024
2U14
2024
NErchandlse Costs
Marketing
Sub51stence
Office Stationery
Computer & Software
Fundraising Fees
Event Fee5
AccountarKy Fees
Legal Fees
Business Insurance
Consultancy and Professional Fees
3,906
64
80
216
192
8,552
204
80
216
192
8,552
204
3,5C(I
798
2,ZBO
798
2,280
69
Page 17

FOXIE'S FUTURE
MOTE5 TO THE FIMANCIAL sfATEMEKrs
for the period ended 29 February 2024
Expenthture for the year 15 ststed after charglng:
2024
jThjep￿d￿t examlner5 fees
3.5￿)
5. STAFF COSTS
The Charity dld not Ly￿p10Y ary Staff In the acc(xmtlng pttitij.
No remuneratlon wa5 pald to Trustees, or per5ffis cl¢xeLy c￿nerted wlth them, In the perfod. No Trustees
recelved trave( expense5 in the perlod.
6. CREDITORS
2014
Accrua15
3,5CX)
7. UNRFSTRlCtED FUNDS
General
reserve
Desiynated
f￿dS
Total
Opening Balance
Surplus for the year
TrarLsfer5 ttheen fund5
45,el>2
45,662
Balance at 29 February ZOZ4
45,662
45.662
8. RE5TRicfED FUNDS
The income funds of the (harity Include restrirted fund5 comprising the followlng baLaKes held on trust to
be applied for 5peciflc purposes:
Movement In funds
Balance at
Incomlng
Resources 29 FebnHry
resources
dedltsan5fer5 2024
Openlng
Balance
Save a Brick
crowd(￿ding
20.155
83,432
20,155
83.432
103,587
103,587
Save • Brlck
This campalgn. offers swporter5 the OPPDrtunlty to nomlnally save a brlck. or other part of the Foxiease
butlthng. wlth fuThJ5 raised beln4 towBrd5 the purchase of the FoxLea5e Estate. In the event that
pwchase Is UnsL￿cessfuL. these funds wlll be returned.
P¥18

FOXIE'S FUTURE
NOTES TO THE FINANCIAL sfATEIAENTS
for the perlod ended 29 February 2024
Crowdfundln8
An onllne Crowdfund1￿ appeal wa5 la￿thd in the accoLntill8 perlod, wlth the expressed aim of purchaslng
the Foxtease slte from Girlguiding UK in order to save It from closure and to ensure that the slte remains
available for young people and the local, national and Intemational COMM￿lty that h)ve used the site. In the
event that the purchase ts un5ucce5sful, these funds will be returned.
9. ANALYSIS OF NEf ASSEfs BEfwEEN FIJNDS
Currert
Curr&)t Total net assets at
liabllltles 29 Febnthry 2024
Flxed a55ers
Unresirtcted fund5
Restrlcted funds
49.162
103,587
(3,5COI
45,062
103.587
Balance at 29 FebrLRry 2024
152,749
(3,500)
149.249
10. POST ULAMCE SHErr EVENTS
On 19 November Z024. Foxfe's Future cc4npleted the purchase of Foxlease estate for the sum of E4,260,C(I).
The flnandal Impact of thls purchase wlll be reflected In the 2025 flnancial statements.
Pa89 19