4WARD FUTURES
4wardfutures is a Warrington based charity operating in England and Wales, that is working to empower young people of all backgrounds to take control of their future careers and progression opportunities by engaging with employers, universities and professional organisations against the backdrop of a world that is rapidly changing through the impact of the innovation and technology.
Financial health, per its FY2024 accounts
The accounts state that the charity operates with unrestricted funds in a deficit position, with net assets of £(2,738) at year-end. The trustees report significant financial pressure due to the pandemic but express confidence that the deficit will be resolved and the charity will become a going concern. No formal reserves policy is established as there are no current surplus funds.
What the accounts disclose
“Given that the Charity has no current surplus funds, the Trustees' have not established a formal reserves policy.” — page 3
“In the opinion of the Trustees significant financial pressure will be placed on the Charity as a result of the Covid 19 pandemic but the Trustees believe they have the structure and resources to ensure the Charity will in the future become a going concern.” — page 6
“During the year, a person connected to a trustee received fees for bookkeeping services for both the charity and it's subsidiary of £2,145 (2023: £1,739). During the year the Charity received a donation of £nil (2023: £8,050) from it's subsidiary company, 4F Innovations Limited.” — page 16
“The charity has a trading subsidiary, 4F Innovations Limited, a company registered in the England and Wales.” — page 5
Funders the charity credits
- UK Space Agency
- STFC
- IET
- IMEChE
- Royal Society of Chemistry
- Royal Academy of Engineering
Trustees
- Philip Austin Atkinsonchair
- DELLA THOMAS
- Nasim Ibrahim
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £45k | £39k |
| 31/12/2023 | £51k | £45k |
| 31/12/2022 | £47k | £63k |
| 31/12/2021 | £53k | £49k |
| 31/12/2020 | £65k | £68k |
Common questions
Is 4WARD FUTURES financially healthy?
Per its FY2024 accounts: The accounts state that the charity operates with unrestricted funds in a deficit position, with net assets of £(2,738) at year-end. The trustees report significant financial pressure due to the pandemic but express confidence that the deficit will be resolved and the charity will become a going concern. No formal reserves policy is established as there are no current surplus funds. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 19/01/2023 | £7k | What Are Things Made Of (WATMO) |
| UK government | 01/04/2022 | £4k | What Are Things Made Of (WATMO) |
| UK government | 01/04/2022 | £7k | Eyes to the Sky |
| UK government | 07/02/2022 | £7k | Eyes to the Sky |