THE GOOD FUTURE FOUNDATION CIO
Objects
THE OBJECTS OF THE CIO ARE, FOR THE PUBLIC BENEFIT, TO ADVANCE THE EDUCATION AND TRAINING OF PRIMARILY CHILDREN AND YOUNG PEOPLE BY PROVIDING EDUCATIONAL INSTITUTIONS, WHO DO NOT OR MIGHT NOT HAVE SUFFICIENT RESOURCES, WITH RESOURCES FOR EDUCATION AND TRAINING IN THE SUBJECTS OF INFORMATION TECHNOLOGY INCLUDING ARTIFICIAL INTELLIGENCE IN ALL ITS ASPECTS, HARDWARE, NOW OR HEREAFTER TO BE INVENTED, AND THE DEVELOPMENT OF CODING SKILLS
Financial health, per its FY2025 accounts
The accounts state that the charity ended the period with unrestricted funds of negative £109,015, resulting from a net expenditure of £109,015 against incoming resources of £404,277. The trustees note that this deficit is supported by financing from connected entities, specifically Goodnotes Limited, which incurred costs and provided staff valued at £147,631. The trustees maintain that there is no material uncertainty regarding the charity's ability to continue in operational existence.
What the accounts disclose
“At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. While the charity's balance sheet shows a deficit position as at 31 March 2025, the deficit is supported by financing from entities connected to the charity who are committed to maintaining this support until such time as the charity no longer requires such support.” — page 9
“During the period, a connected company, Goodnotes Limited (incorporated in the United Kingdom) incurred costs on behalf of the charity of £90,853. At the period end, £90,853 is due to this company and is included within other creditors. This company also provided staff for the charity which has been recogised as a donation in kind along with the related cost. The value of this was £147,631.” — page 13
“During the period, a connected company, Goodnotes Limited (incorporated in Hong Kong) incurred costs on behalf of the charity of £14,202. At the period end, £14,202 is due to this company and is included within other creditors.” — page 13
“During the period, a connected company, Goodnotes Limited (incorporated in the United Kingdom) incurred costs on behalf of the charity of £90,853. At the period end, £90,853 is due to this company and is included within other creditors. This company also provided staff for the charity which has been recogised as a donation in kind along with the related cost. The value of this was £147,631.” — page 13
“During the period, a connected company, Goodnotes Limited (incorporated in Hong Kong) incurred costs on behalf of the charity of £14,202. At the period end, £14,202 is due to this company and is included within other creditors.” — page 13
“During the period, a connected company, Goodnotes Limited (incorporated in the United Kingdom) incurred costs on behalf of the charity of £90,853. At the period end, £90,853 is due to this company and is included within other creditors. This company also provided staff for the charity which has been recogised as a donation in kind along with the related cost. The value of this was £147,631.” — page 13
“During the period, a connected company, Goodnotes Limited (incorporated in Hong Kong) incurred costs on behalf of the charity of £14,202. At the period end, £14,202 is due to this company and is included within other creditors.” — page 13
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
Trustees
- Ho Chuen Steven Chan Chanchair
- Deming Chen
- James Philip Knight
- Minh Ngan Tran
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £148k | £257k |
Common questions
Is THE GOOD FUTURE FOUNDATION CIO financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the period with unrestricted funds of negative £109,015, resulting from a net expenditure of £109,015 against incoming resources of £404,277. The trustees note that this deficit is supported by financing from connected entities, specifically Goodnotes Limited, which incurred costs and provided staff valued at £147,631. The trustees maintain that there is no material uncertainty regarding the charity's ability to continue in operational existence. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DEBMAR BENEVOLENT TRUST LIMITED | 1 | £314k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| THE KNIGHTLAND FOUNDATION | 1 | £80k |
| SF FOUNDATION | 1 | £33k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| SIR JOHN EASTWOOD FOUNDATION | 1 | £20k |
| MOYNITRUST | 1 | £15k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
Charities like this
- CONNECT FOUNDATION (NORTH LINCS)
- NEW FUTURES NEPAL LIMITED
- YAD VEACHISOMOCH L'CHAIM
- GEFEN FOUNDATION
- THE LINK FOUNDATION LTD
- MW (GK) FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE GOOD FUTURE FOUNDATION CIO | £148k | — | 0 | unclear | — | noted |
| CONNECT FOUNDATION (NORTH LINCS) | £223k | — | 0 | below | — | no doubt |
| NEW FUTURES NEPAL LIMITED | £122k | — | 0 | unclear | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| GEFEN FOUNDATION | £373k | — | 0 | unclear | — | no doubt |
| THE LINK FOUNDATION LTD | £113k | — | 0 | unclear | — | no doubt |