Registration Number: 01763241 Charity Number: 288125 Fresh Futures (NCC) (a Company Limited by Guarantee) Trustees. Report and Financial Statements for the Year Ended 31 March 2024
Fresh Futures (NCC) Contents Page Charity Information. Chair's Intmdurtion. Trustees, Report.......................................................................................................... Independent Auditor's Report . io Statement of Financial Artivities.................................................................................. 13 Balance Sheet........................................................................................................... 14 statement of Cash Flows............................................................................................ 15 Notes to the Financial Statements............................................................................... 16
Fresh Futures (NCC) Reference and Administrative Details of the Charityi Its Trustees and Advisers for the year ended 31 March 2024 Trustees The trustees who served during the year were.. Dr Ira Laketic-Ljubojevic Philip Longworth Shakkela Ajaib-Latif Paul Brockwell Nigel Garrow Malcolm Duncan Gill Goodswen Chris Hardern Emma Reed Gary Waterhouse Chloe Frankish David Wood Lucy Jackson Joanne Kiernan Carole Ann Pattison Chair (resigned 9 July 2024) {resigned 23 January 2024) (resigned 13 June 2023} {appointed 23 January 2024} (appointed 20 July 20231 {appointed 14 November 2023 & resigned 30 July 20241 Honorary President Barry Sheerman MP Honorary Vice Pre5ident$ Dick Swindell Alda Flowers Sui Cheung John Cashman Dr Mike Sills Company registered number 01763241 Charlty reglstered number 288125 Re9lStered offi Brian Jackson House New North Parade Huddersfield HDI 5JP Company secretary Shaista Ahmed (appointed 14 November 2023 & resigned 26 June 2024) Mark Farmer {appointed 26 June 20241 Auditor Azets Audit Services Limited 12 King Street Leeds LSI 2HL Bankers National Westminster Bank 8 Market Place Huddersfield HDI 2AN
Fresh Futures (NCC) Trustees. Report for the year ended 31 March 2024 Chair's Introduction This year included the start of our 50th birthday celebrations, which continue through 2024. We marked this In January with the significant step of relaunching the charity as Fresh Futures, moving away from the National Children's Centre trading as Yorkshire Children's Centre which did not adeqLJately describe the range of the charity's artivities. The relaunch has been highly successful and has helped widen the range of partners and potential partners we work with. The themes of last year continued through into 2023-2024. Funding for children and family services remained challenging. The Trustees funded the Domestic Abuse Perpetrator work from reserves whilst seeking new external support. Unfortunately, this was not forthcoming, and the service has been scaled down to a small, short-term funded project only. Similarly, the Trustees funded the deficit incurred in running the Child Contact centre in Doncaster, due to low referral numbers, and took the decision to close that service at the end of the year. A number of short-term projects were successfully funded, with pilots running in Young Adults employability,. Healthy relationships work with our college students- and a co-produced project on keeping safe with regard to knife crime also with our college students. We are hopefvl these projects can expand through 2024-2025. Our Lottery funded project, Elevate, for young adults experiencing loneliness and Social i501ation launched following a period of research into the issue, young adults being the age group most affected by loneliness. Thi5 project was the first piece of work done for many years to ground service delivery in applied research. We assumed the leadership of two Kirklees Families Together area partnerships from Thriving Kirklees, and SecUd successor ftjnding for two of our three Thriving Kirklees projects following the disbandment of that formal partnership and associated contracts. The funding is at a lower level than in recent years, which has meant the suspension of our Safety Rangers programme until funding allows. Our colleges continue to go from strength to strength, with pupil numbers near capacity and increasing demand from outside Kirklees. We now have pupils referred to us frotn across West Yorkshire, and we continue to develop those relationships to lessen our reliance on one local authority. We started to invest in our new post 16 provision at the Heckmondwike college site, which will open in September 2024. We have also commenced feasibility work looking at a potential third college site In West Yorkshire, which will come to Trustees for review in late 2024. To create the physical space for post 16 provision, we decided to close our Pass It On shop operation. This was successfully transferred along with all employees, volunteers and stock to a new charity operator in 8atley giving continuity for our people and the community. We maintained our Living Wage Employee accreditation and continued to invest in our people through salary increases and our training and development programmes and held our second one team day when all the charity's employees spent time together, to help embed the one charity, one team culture. We start 2024-2025 in a strong financial position, with our free reserves being invested through the coming year in the expanded college provision. With demand continuing to grow at the same time as funding tightens, in common with the rest of the third sector, it is important we are clear on our strategic focus and priorities, and we are working with Pilotlight to help shape our work for the next period. Our thanks to all our hard-working employees, volunteers, and trustees, and to our funders and partners, without whom the charity could not deliver the fantastic outcomes it does for the communities we serve.
Fresh Futures (NCC) Lakgti6-£JH£7DJ8ViC Dr Ira Laketic-Ljubojevic Chair 2911112024 Date..
Fresh Futures (NCC) Trustees. Report for the year ended 31 March 2024 The Trustees (who are also Directors of the charity for the purpose of the Companies Act) present their annual report together with the audited financial statements of the Charity for the year ended 31 March 2024. The annual report serves the purposes of both a Trustees, report and a Dirertors, report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102}. Reference and Administrative Details The Legal and Administrative Information page forms part of this report. Objectives and Activities The principal activity of the company in the year under review was that of a registered charity to support the vision and objectives listed. Our Vision Our vision is that all young people have opportunities for a better life now and in the future. We deliver our vision through working with vulnerable and disadvantaged childreni young people, and their families. We are thought leaders, and, together with partners, deliver the best possible outcomes through four interwoven strands of activity.. Providing education 5ervice5 and facilities- Building healthy relationships,. Promoting health and wellbeingi and Improving employability skills. Our Values We are Inclusive Empowering Trusted Caring Approachable Fresh Futures Objectives The revised charitable objectives formally adopted by Trustees in July 2022, and to which Charity Commission gave consent in June 2022 are.. To support disadvantaged and vulnerable children, young people, and their families by providing advice and assistance and organising programmes of educational, physical, and other activities as a means of.. (al advancing In life and helping young people by developing their skills, capacities, and capabilities to enable them to participate in society as Independent, mature, and responsible individuals. {b) advancing education,. {cl relieving unemployment,. {d) improving health and wellbeing of children and young people- (el promoting positive, meaningful, and healthy relationships; and (fl providing recreational and leisure time activity In the interests of social welfare for people who have need by reason of their youth, age, infirmity or disability, poverty, or social and economic circumstances with a view to improving the conditions of life of such persons. We provide early interventions and medium to longer term support for children and those In a child's circle of influence who are facing challenges with their social, emotional, and mental health. Our services do not stand in isolation but are interconnerted working together with our communities and external organisations to remove barriers and help children and young people to have a brighter future.
Fresh Futures (NCC) Trustees. Report (continued) for the year ended 31 March 2024 Improving lives and inspiring change is at the heart of everything we do. Public benefit and eligibility criteria The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the organisation's aims and objertives and in planning future activities. Achievements and Performance Fresh Futures Trustee and staff representation on the boards of other charities and organisations.. Third Sector Leaders Kirklees (TSL) Mark Farmer is an elected Director of TSL Thriving Kirklees (TKI - Mark Farmer is a member of the TK Partnership Board Fresh Futures Partnership Working.. Third Sector Leaders Kirklees {TSL) is a membership organisation to support the Third Sector in Kirklees. Fresh Futures work in partnership with TSL and a range of third sector organisations as part of the Community Anchor network across Kirklees. Families Forward are partners with Fresh Futures in the delivery of the CAFCASS contract for Child Contact Interventions in West Yorkshire. Seetec Pluss, Halifax Opportunities Trust, Groundworks and Dominion Training were partners in the delivery of the Building Better Opportunities Hopeful Families service. Locala CIC, South West Yorkshire Partnership NHS Foundation Trust ISWYFT), Northorpe Hall and Homestart are partners in the delivery of the Thriving Kirklees {0-19 Healthy Child Programme). Kirklees Families Together Area Partnerships bring together services for those aged 0-19 and seeking to develop place based service provision. As part of TK Mark Farmer chaired the partnership for Batley & Spen Valley and Fresh Futures are represented on the other 3 partnerships. Fresh Futures are represented by members of the Leadership Team on a number of steering groups and partnerships including Kirklees Children's Ambition Board, Kirklees Tackling Poverty partnershipi Kirklees Loneliness steering groupi Kirklees Children and Young People's Partnershipi and The West Yorkshire Mayors Office for Policing Third Sector Advisory Group. Funding Sources Fresh Futures is predominantly funded through contracts with government departments and agencies, local authorities, health authorities, charitable trusts, educational organisation5, or as sub- contractor to Prime Contractors. During the year restricted funding of £348,521 12023.. £713,094) towards projects was received from various source5 and is detailed with the accounts. We are at an early stsge of developing our fundraising activities. Fresh Futures have historically relied on contract, grant and trading income, with any fundraising income being relatively small and as a result of individual employee or volunteer efforts.. We are registered with the Fundraising Regulator and abide by their Fundraising Promise. The trustees are not aware of any failure by the Charity to comply with this regulation and no complaints have been received in relation to any form of fundraising. Income in 23-24 started to Increase however remained low compared to overall income, as we worked to diversify income streams and build links with local companies and community groups. Further growth and diversification is anticipated during the next financial year
Fresh Futures (NCC) Trustees. Report (continued) for the year ended 31 March 2024 Structurei governance and management Governing Document The Company is limited by Guarantee without share capital and was incorporated on 20 October 1983. Under the Memorandum of Association members undertake to contribute to the Assets of the Company in the event of winding up, such amount as may be required not exceeding £1 each. The Company is not required to use the word "Limited" in its title. The Trustees adopted a new Goveming Document in July 2022 including a change to the charitable object. The revised object was agreed by the Charitie5 Commission in June 2022. The change of charity and company name was accepted by the Charity Commission on 20 October 2023 and registered with Companies House on 2 November 2023. Fresh Futures and Brian Jackson College are registered trademarks with effect from l February 2024. Trustee/Director Appointments Appointment of Trustees are made by the Board as Trustee/Director vacancies occur. Appointments are made to enable the charity to have suitable expertise and skills on the Board. The areas under consideration at any one time include education, finance, legal, social enterprise, community involvement, fundraisingi health, local and national government, safeguardingi governance, poverty and deprivation, disabilityi and diversity. Organisational Structure The Board of Directors and Trustees of the Charity have six meetings per year. In 2022123 the Board was supported by sub committees on finance, children and family services, and income and partnerships, and by a Board of Governors overseeing the College. These meet three times a year to examine matters in greater depth than possible at Board Meetings and make reports and recommendations to the Board as appropriate. The day to day operation of the Charity is adtninistered by the Leadership Team who meet regularly and attend and report to the Board Meetings. In March 2024 the Leadership Team consisted of the Chief Executive Office, Head Teacher, Head of Income and partnerships, Head of Children and Family Services and Head of Finance and Support Services. The pay of key management personnel is reviewed annually by the Remuneration Committee, making recommendations to be agreed by the Board of Trustees as part of the budget process. Fresh Futures Governance In order to ensure good Governance. the board: Maintain a skilled cross section of Trustees and Governors with appropriate experience to service Fresh Futures Governance arrangements. Aim for high quality in all that Fresh Futures does through investing in staff, volunteers, and Trustees. Ensure Fresh Futures, structure and management activity areas are well supported and regularly reviewed. EnsLJre Trustees oversee all financial and governance matters of the charity.
Fresh Futures (NCC) Plans for 202412025 On behalf of the Trustees, the Chief Executive will be accountable for ensuring that.. The Leadership Team maintains a viable and sustainable operating model for the organisation, including appropriate structural responsibilities and accountabilities. A detailed and accurate budget and operational review is prepared for 2024125 together with a 3-year budget and forecast. Fresh Futures continues to operate a services portfolio that links to Fresh Futures aims regarding children, young people, and families during 2024125 reflecting the four areas of activity. Volunteer recruitment continues to grow and strengthen and continues to be a significant activity for the charity with increased volunteering opportunities introduced. Fresh Futures income generation activities the community buildings and retail operation run effectively and efficiently to make a financial contribution to the overall charity. Charlty Rlsk Management To March 2024 the most material and probable risks determined by the TrusteeslDirectors and Leadership Team were met by.. Registration as a Company Limited by Guarantee to protect Trustees/Directors. Long term financial control of Charity's finances by annual audit. Medium term financial control of Charity's finances by monthly profit & loss, cash flow and balance sheet reports by the Head of Finance and Support Services to the Trustees/Directors at their Board Meetings and to Finance committee meetings. Short term financial control of Charity's finances by continuous monthly management of incoming and outgoing resources and bank reconciliation. Reports made monthly by the Head of Finance and Support Services to the Finance committee, the Chief Executive and Leadership Team. Short term financial control of Charity's finances by staff reporting regularly to the Chief Executive. Organisation wide Risk Register and Risk Management in place and regulady reviewed by Trustees. Health, safety and welfare of staff, volunteers, and beneficiaries through annual reappraisal of risk assessment areas by the Fresh Futures Competent person and reported through the Chief Executive to Leadership Team and Trustees/Directors. Regular review of Fresh Futures Policies and Guidelines including the Children, Young People and Vulnerable Adults Safeguarding Policy. Information on Fresh Futurns Updated information is available at.. www.freshfutures.org.uk. Financial Review During the year total income of the charity amounted to £3,408,190 {2023'. £3,600,216) and total expenditure of the charity totalled £3,552,725 (2023.. £3,399,544). Net movement in funds for the year totalled £-144,53512023.' £200,672). At the balance sheet date, the charity had total funds of £2,492,590 {2023'. £2,637,125). Free reserves are £897,889 12023.. £888,665). The Trustees consider that the financial position of the charity is acceptable. Reserves Policy Reserves are to be applied in the furtherance of the Charity's commitment to help vulnerable and socially excluded children, young people, families, and older people achieve their full potential. The Reserves Policy seeks to ensure that there are sufficient unrestritted funds available to cover day to day operations and effettively respond to any short term financial difficulties or opportunities that may arise. The policy forms part of the processes, procedures and controls that are in place to maintain financial stability. The policy requires reserves to be maintained to at least cover three times monthly salary costs and any potential winding up costs. At the year end this amounted to £750,000. The Reserves Policy is reviewed annually.
Fresh Futures (NCC) Trustees. Report (continued) for the year ended 31 March 2024 Investment policy The Memorandum of Association of the Charity gives Directors the authority to invest and deal with the monies of the Company not immediately required. Charities Aid Foundation ICAF) Charity Deposit Account is used to generate interest on monies not immediately required. Where appropriate, professional investment advice will be taken by the Directors for more advantageous returns on the charity's resources. Pension Plan The Charity operates defined contribution pension schemes with a number of providers. The assets of the schemes are held separately from those of the Charity. Contributions payable for the year are charged in the statement of financial activities. Fresh Futures Strategy The Trustees agreed a new strategy for 2022-2025, following an extensive review and consultation exercise with internal and external stakeholders. New strategic goals reflecting our focus on childreni young people, and their families, and our four areas of work were agreed with supporting operating plans. Trustees, responsibilities in relation to the financial statements The charity Trustees (who are also Directors of Fresh Futures for the purposes of company law) are responsible for preparing a Trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Board to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the charitable company as at the end of the financial period and of the surplus or deficit of the charitable company for that period. In preparing those financial statements the Board is required to.. select suitable accounting policies and then apply them consistentlyi observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue to operate. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of disclosure to the auditor The trustees of the company who held offiee at the date of approval of this annual report confirm that.. so far as they are aware, there is no relevant audit information, information needed by the charitable company's auditor in connection with preparing their report, of which the charitable company's auditor is unaware,. and they have taken all the steps that they ought to have taken as trustees In order to make themselves aware of any relevant audit information and to establish that the charitable company's auditor is aware of this information.
Fresh Futures (NCC) Trustees. Report (continued) for the year ended 31 March 2024 Auditor Azets Audit Services Limited were appointed auditor to the Charity. Azets Audit Services Limited have indicted their willingness to stand for reappointment at the Annual General Meeting. This report, which incorporates the Directors report, was approved by the Trustees, in their capacity as Company Directors, on 2911112024 and signed on their behalf by.. Ira Laketic-Ljubojevic Chair
Fresh Futures (NCC) Independent Auditor's Report for the year ended 31 March 2024 Opinion We have audited the financial statements of Fresh Futures (the 'charitable company.) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and UK Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (UK Generally Accepted Accounting Practice). In OLJr opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its income and expenditure for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK} IISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion5 relating to going concern In auditing the financial statements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectivelyi may cast significant doubt on the group's or parent charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. other information The Trustees are responsible for the other information. The other information comprise5 the information included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infortnation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material tnisstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other Information, we are required to report that fact. We have nothing to report in this regard. io
Fresh Futures (NCC) Independent Auditor's Report for the year ended 31 March 2024 Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, report (incorporating the strategic report and the Directors. report) for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Trustees, report (incorporating the Strategic Report and the Directors. Report) has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception We have nothing to report in respett of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us,. the financial statements are not in agreement with the accounting records and returns. certain disclosures of Trustees, remuneration specified by law are not made. or we have not obtained all the information and explanations necessary for the purposes of our audit. Responsibilities of the Trustees As explained more fully in the Trustees. responsibilities statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concem, disclosingi as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor'5 report that includes our opinion. Reasonable assurance is a high level of assurance, but IS not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at- www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Extent to which the audit was considered capable of identifying irregularitie5, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory fratnework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
Fresh Futures (NCC) Independent Auditor's Report for the year ended 31 March 2024 In response to the risk of Irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud,. Reviewing minutes of meetings of those charged with governance,. Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspertion,. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transattions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. and Performing aLJdit work over the timing and recognition of income and in particular whether it has been recorded in the correct accounting period. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regLJlation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Use of our report This report is made solely to the Charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our aLJdit work has been undertaken so that we might state to the Charitable Company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company's members as a body, for our audit work, for this report, or for the opinions we have formed. Jessica Lawrence {Senior Statutory Auditor) For and on behalf of Azets Audit Services Limited 0211212024 12 King Street Leeds LSI 2HL Chartered Accountants Statutory Auditor 12
Fresh Futures (NCC) Statement of Financial Activities for the Year Ended 31 March 2024 (Incorporating Income and Expenditure Account) Unrestrlcted Funds - Deslgnated Note Unrestrlcted Funds- General Restrlrted Funds Totsl Fund$ 2024 Totsl Fund$ 2023 Income from: Donations and legacies Charitable activities 25,279 97 25,376 43,048 2,574,446 47,692 348,424 2,922,870 47,692 3, 134, 101 18,446 Investments other trading activities Total Income 412,252 412,252 404,621 3,059,669 348,521 3,408,190 3,600,2 16 Expenditure on: Raising funds Charitable activities Total expenditure 587,041 2 447 204 3,034,245 39,361 479 119 518,480 626,402 2 926 323 649,465 2 750 079 3,399,544 3,552,725 Net Income lexpenditurel before transfers Transfers between funds io 25,424 {169,9591 1144,535) 200,672 17118 1150,000) 150,000 Re¢on¢illatlon of funds: Total funds brought forward 17118 1,715,651 921,474 2,637, 125 2,436,453 Total funds carried forward 17118 1,591,075 150,000 751,515 2,492,590 2,637,125 The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 16 to 26 form part of these financial statements. A fully detailed comparative Statement of Financial Artivities for the year ending 31 March 2023 is shown at note 24. 13
Fresh Futures (NCC) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 13 1 156 887 1 142 016 1 156 887 1 142 016 Current assets stock Debtors Cash at bank and in hand 2,098 230,002 1 522 947 1,755,047 2,098 32 1,419 1 587 559 1,911,076 14 Creditors: amounts falling due within one ear 15 369 344 415 967 Net current assets 1 385 703 1495 109 Provlslons Total net assets 2 492 590 2 637 125 Charity funds Restricted funds Designated funds Unrestricted funds 17118 751,515 150,000 921,474 17118 1 591 075 2 492 590 1 715 651 2 637 125 Total funds 17 18 These financial statements, which have been prepared in accordance with the special provisions relating to companies subjert to the small companies regime within Part 15 of the Companies Act 2006 and were approved by the Board and signed on its behalf by Chair of Trustees Date: 2911112024 The notes on pages 14 to 24 form part of these Financial Statements Company registration number: 01763241 14
Fresh Futures (NCC) Statement of Cash Flows for the Year Ended 31 March 2024 Note 2024 2023 Cash flows from operating activities Net cash provided by operating activities 23 31,553 538,483 Cash Flows from investing activities: Investment income 47,692 {143,857} 18,446 {131,761} Purchase of tangible fixed assets Net cash used in investing activities 196, 165) 1113,315) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year {64,612) 1,587,559 425,168 1,162,391 Cash and cash equlvalents at the end of the year 1,522,947 1,587,559 15
Fresh Futures (NCC) Notes to the Financial Statements for the Year Ended 31 March 2024 Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Company Information Fresh Futures is a private company limited by guarantee, registered in England & Wales Ino. 01763241) and a registered charity Ino. 2881251. The registered office is Brian Jackson House, New North Parade, Huddersfield, HDI 5JP. Every member undertakes to contribute to the assets of Fresh Futures, in the event of winding up whilst a member, or within a year of ceasing to be a member, for payment of the debts and liabilities of the Charity contracted to before ceasing to be a member, such as may be required but not exceeding £1. Basis of preparation of financial statements The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 {effective l January 2019) - (Charities SORP IFR510211, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FR51021, the Companies Act 2006 and the Charities Att 2011. Fresh Futures meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. Going Concern The Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Income Income is included in the Statement of Financial Activities l-SoFA-I when the charity has established entitlement and the amount can be quantified with reasonable accuracy. Donations and legacies, which include grants, are included in the SOFA when it is probable that the funds will be received and that they can be measured with sufficient reliability. Grants, including government grant and grants for the purchase of fixed assets, are recognised in full in the SOFA in the period in which they are receivable. The value of services provided by volunteers is not included. Trading and investment income is accounted for on an accruals basis. Where income is received with specific performance conditions attached and those conditions have not been met, income is deferred until those conditions have been met. 16
Fresh Futures (NCC) Notes to the Financial Statements for the Year Ended 31 March 2024 Expenditure Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered. Charitable expenditure comprises those costs incurred by the charity in the deliverance of its activities and services for its beneficiaries. It includes both costs that can be dirertly allocated to such artivities and those costs of an indirect nature necessary to support them. Support costs comprise all non-attributable costs including Finance, Human Resources, Information Technology and Administration. These costs have been allocated across activities either directly or based on usage as set out in note 9. Staff costs The costs of short-term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation, individual tangible assets are capitalised if costing in excess of £500. Depreciation is provided at the following annual rates in order to write off fixed assets, less their residual value, over their estimated useful lives as follows.. Long leasehold property Ongoing property improvements Fixtures, and office equipment Motor vehicles Over the term of the lease 40/0 Straight line 250/0 Straight line 200/0 Straight line Freehold property is not depreciated as, in the opinion of the Trustees, the estimated residual life at the end of its economic life is experted to be at least carrying value so that any depreciation charge would ne immaterial. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. stocks Stock items are valued at the lower of cost and estimated selling price less costs to complete and sell. Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity held for working capital. Liabilities and provision5 Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipate5 It will pay to settle the debt or the amount it has received as advanced payments for the goods or service5 It must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money 15 material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks Specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost. 17
Fresh Futures (NCC) Notes to the Financial Statements for the year Ended 31 March 2024 Taxatlon The Charity is considered to pass the tests set out in Paragraph I SchedLJle 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respert of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Leases Rentals payable under operating leases, including any lease incentives received, are charged to the SOFA on a straight line basis over the lease term. Pensions The Charity operates a defined contribution pension scheme, and the pension charge represents the amounts payable by the charity to the fund in respect of the year. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 2. Critical Accounting Estirnates and Judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Trustees are of the opinion that there are no estimations and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities. Is
Fresh Futures (NCC) Notes to the Financial Statements for the year Ended 31 March 2024 Income from Donatlon$ Unrestricted funds 2024 Restricted funds Total funds 2024 2024 Individual and Corporate Gift Aid Total 15,766 97 15,863 97 Unrestricted funds 2023 Restricted funds Total funds 2023 2023 Individual and Corporate Gift Aid Total 28,247 I,iio 29,357 Income from charltable actlvltles Unrestricted funds 2024 Restricted funds Total funds 2024 2024 Central services Children, young people & families Recycling and reuse Training Health Other Total 43,615 136,698 43,615 376,088 239,390 2,286,434 2,286,434 45,300 171 433 2 922 870 45,300 107 699 2 574 446 348 424 Unrestricted funds 2023 Restricted funds Total funds 2023 2023 Central services Children, young people & families Recycling and reuse Training Health Total 372 125,338 232,705 2,063,702 372 755,529 232,705 2,063,702 630, 191 2 422 117 711 984 3 134 101 Investment Income 2024 2023 Bank and other interest receivable other trading activities 2024 2023 Buildin and Services 412 252 404 621 19
Fresh Futures (NCC) Notes to the Financial Statements for the year Ended 31 March 2024 Expenditure on raising funds Unrestricted Restricted funds funds 2024 2024 Total 2024 2023 Brian Jackson House Jo Cox House Income Generation Pass it on Total 293,669 86,258 83,696 123 418 587 041 39,361 333,030 86,258 83,696 123 418 626 402 295,084 75,652 61,787 216 942 649 465 Expenditure on charitable activities Unrestricted funds 2024 Restricted funds Total funds 2024 2024 Contact SJH DAPP 8JH Contact SY Police Commissioning Grant Thriving Kirklees Community Anchor Other grants Befriending Community Connettions BBO Hopeful Families BJC Vision House BJH Wellington House Su ort and overnance costs Total 60,290 135,870 58,059 60,290 135,870 58,059 89,538 139,087 86,517 7,636 86,394 69,947 861,301 826,046 505 638 2 926 323 89,538 139,087 86,517 7,636 86,394 69,947 861,301 826,046 505 638 2 447 204 note 9 479 119 Unrestricted funds 2023 Restricted funds Total funds 2023 2023 Contact BJH DAPP BJH Reducing Parental Conflict Contact sy Police Commissioning Grant Thriving Kirklees Community Anchor DSG Huddersfield Befriending Community Connections Hardship Fund Batley Hardship Fund Birkenshaw BBO Hopeful Families BJC Vision House BJH Wellington House Su ort and overnance costs Total 48,649 140,242 1,071 48,870 48,649 140,242 1,071 48,870 92,469 185,123 56,249 7,756 81,703 1,400 550 147,319 710,884 701,121 526 673 2 750 079 92,469 185, 123 56,249 7,756 81,703 1,400 550 147,3 19 710,884 701,121 526 673 2 177 510 note 9 572 569 20
Fresh Futures (NCC) Notes to the Financial Statements for the year Ended 31 March 2024 Support and governance ¢ost$ 2024 2023 Core Finance HR Governance Volunteerin 238,244 137,860 91,409 6,955 329,563 126,086 58,724 12,300 505 638 526 673 io. Net Income for the Year Net income for the year is stated after charging.. 2024 2023 Depreciation Auditor's remuneration Audit services Accountants preparation Corporation tax compliance eratin rent ments 128,986 139,435 13,375 1,650 650 11,550 1,500 ii. staff costs 2024 2023 Wages and salaries Social security costs Pension costs 2,088,744 2,045,339 160,202 144,750 131 855 123 329 2 380 801 2 313 418 The average number of persons employed by the charity during the year was 113 12023.. 117). The number of employees v¥hose employee benefits (excluding employer pension costs} exceeded £60,000 was.. 2024 No. 2023 No. £60 001 - £70 000 The charity considers its key management personnel to comprise the Chief Executive Officer, Head Teacher, Head of Income and partnerships, Head of Children and Family Services and Head of Finance and SLJPPOrt Services. During the year, key management personnel received emoluments amoLJnting to £297,364 {2023'. £301,003). 12. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits {2023 - £nill. During the year ended 31 March 2024, two trustees (2023 expenses totalling £132 12023 £203). one trustee) received reimbursement of 21
Fresh Futures (NCC) Notes to the Financial Statements for the Year Ended 31 March 2024 13. Tangible fixed assets Freehold & long Leasehold property Ongolng property improvements Flxtures & Office Equipment Motor vehicles Total Cost or valuation At l April 2023 Additions Transfers Dis osals At 31 March 2024 437,486 1,739,730 86,601 (1,826,331) 444,848 57,256 67,737 2,689,901 143,857 1,826,331 2 263 817 500 808 2 832 362 Depreciation At l April 2023 Charge for the year Eliminated on disposals Transfers At 31 March 2024 28,416 4,041 1,129,643 89,182 321,989 35,763 {1,296) 67,737 1,547,785 128,986 {1,296) 1 218 825 1 251 282 1 218 825 356 456 1 675 475 Net book value at 3 1 March 2024 Net book value at 3 1 March 2023 1 012 535 144 352 1 156 887 409 070 610 087 122 859 1 142 016 14. Debtors - due within one year 2024 2023 Trade debtors Prepayments and accrued income Other debtors 73,350 154,090 109,569 207,883 230 002 321 419 15. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals Deferred income (note 16) Taxation and social security Other creditors 111,868 33,319 150,103 35,594 59,347 87,116 196,746 36,940 369 344 415 967 16. Deferred income 2024 2023 At l April 2023 Amount released to income Amount deferred in the ear At 31 March 2024 196,746 1196,746) 150 103 150 103 161,802 (161,8021 196 746 196 746 22
Fresh Futures (NCC) Notes to the Financial Statements for the year Ended 31 March 2024 17. Funds At31 March 2024 For the year ended 31 March 2024 At l April 2023 Income Expenditure Transfers Restricted funds Capital projects Hopeful Families Befriending National Lottery Community Fund Community Anchor Thriving Kirklees Police Commissioning Other Total restricted fund5 Unrestrirted funds Desi nated Funds Total funds 353,062 41,581 26,264 190,638 85,132 57,605 157,407 139,3611 169,9481 19,0731 177,3211 186,5171 1139,086) 189,5381 313,701 8,708 35,713 113,440 43,915 37,903 132,155 37,075 18,522 123 45,300 119,384 64,286 921 474 1 715 651 348 521 3 059 669 518 480 3 034 245 751 515 1 591 075 150 000 2 492 590 At31 March 2023 150 000 150 000 2 637 125 3 408 190 3 552 725 For the year ended 31 March 2023 At l April 2022 Income Expenditure Transfers Restricted funds Capital projects Hopeful Families Befriending National Lottery Community Fund Community Anchor Thriving Kirklees Police Commissioning Other Total restricted funds Unre5trirted fund5 Total funds 353,062 26,175 58,605 240,000 59,588 23,055 2,083 353,062 41,581 26,264 190,638 85,132 57,605 157,407 162,725 1147,319) 132,3411 149,3621 156,2491 1185, 123) 192,4691 81,793 219,673 247,793 780 949 1 655 504 2 436 453 713 094 2 887 122 3 600 216 572 569 2 826 975 3 399 544 921 474 1 715 651 2 637 125 The purpose of restrirted funds are as follows: Capital Projects Capital projects represent the balance of various property improvements and funds are released in line with the annual depreciation charge. Hopeful Families The Hopeful Families programme is an innovative and flexible community programme designed to support individuals who may be challenged by difficulties that prevent them actively seeking employment, education, or training. Befriending {including National Lottery Community Fund) Represents funding through Kirklees 'lt's Only me, grant scheme and National Lottery Fundingi for vulnerable and older adults to receive scheduled visits or phone calls from a certified volunteer friend to reduce loneline55 or isolation. Community Anchor Funding through Kirklees Council. The purpose is to establish a network of community organisations that enable communities to respond to community need5 and opportunities and to organise in sustainable and inclusive ways. Thrlvlng Klrklees Thriving Kirklees is a partnership of local health and wellbeing providers all working together to support children, young people and their families to thrive and be healthy. 23
Fresh Futures (NCC) Notes to the Financial Statements for the year ended 31 March 2024 Police Commissioning Funding to increase capacity within the existing Domestic Abuse Perpetrator Programme to deliver a perpetrator intervention for fathers in Kirklees. Designated Funds These relate to funds that have been set aside for the repair and maintenance the Mill for when the lease has expired, and there is a need to leave the building in a reasonable state. 18. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Net current assets Total 843,186 897 889 1 741 075 313,701 437 814 751 515 1, 156,887 1 335 703 2 492 590 Analysls of net assets between funds - prevlous perlod Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Net current assets Total 788,954 926 697 1 715 651 353,062 568 412 921 474 1, 142,016 1 495 109 2 637 125 19. Pension commitments The Charity operates a defined contribution pension scheme with various pension companies for its employees. The assets of the scheme are held separately from those of the Charity in independently administered funds. The cost of contributions to pension funds for Charity employees amounted to £131,855 (2023.. £123,329). 20. Taxation Fresh Futures is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordinglyi the charity is potentially entitled to tax exemption under part I l of the Corporation Tax Act 2010 or section 256 of the Taxation of Charyeable Gains Act 1992 in respect of income and gains arising. Given this, no tax charge arises on the charity. 21. Operating lease commitments At 31 March 2024 the Charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows.. 2024 2023 No later than l year Later than l year and not later than 5 years In more than 5 ears 92,732 228,153 66,736 175,947 320 885 242 683 24
Fresh Futures (NCC) 22. Related party transactions other than the transactions disclosed in note 12 to the financial statements there are no other disclosable related party transactions in the current or previous financial year. 23. Net cash provided by operating activities 2024 2023 Net movement in funds Depreciation charges ProfiVLoss on the sale of fixed assets Income from investments Decrease in debtors Decrease in stock Increase in creditorslprovisions 1144,5351 128,986 8,500 147,692) 82,917 200,672 139,435 4,668 {18,446) 186,612 566 24,976 538,483 3,377 3 1,553 The charity had no debt in the current or prior year. 24. statement of Financial Activities (Including Income and Expenditure Account) for the year ending 31 March 2023 Total Funds 2023 Unrestricted Funds Restricted Funds Income from: Donations and legacies Charitable activities 41,938 2,422, 117 18,446 I,iio 711,984 43,048 3,134,101 18,446 404,621 3,600,216 Investments Other trading activities Total Income 404,621 2,887,122 713,094 Expenditure on: Raising funds Charitable activities Total expenditure 649,465 2 177 510 649,465 2 750 079 572 569 2 826 975 572 569 3 399 544 Net income and net movement in funds 60, 147 14D,525 200,672 Reconciliation of funds: Total funds brought forward Total funds carried forward 1,655,504 780,949 2,436,453 1,715,651 921,474 2,637, 125 25