FRESH FUTURES (NCC)
Financial health, per its FY2025 accounts
The accounts state that the charity reported an in-year deficit of £524,057 for the year ended 31 March 2025, resulting in a decrease in total funds to £1,968,533. Per the trustees' report, this deficit was driven by strategic investments in post-16 provision and higher staffing costs amidst a challenging funding environment. However, the trustees consider the charity to be in a financially solid position for the future following cost reviews and secured funding.
What the accounts disclose
“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.”
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (20/01/2014)
Trustees
- Andrew Duncan
- Anna Galindo
- Christopher Hardern
- Clare Thomlinson
- Jennie Green
- Lucy Jackson
- Oliver Burbage-Hall
- Paul Marygold Brockwell
- Shakkela Ajaib-Latif
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.4m | £4.0m |
| 31/03/2024 | £3.4m | £3.6m |
| 31/03/2023 | £3.6m | £3.4m |
| 31/03/2022 | £3.6m | £2.8m |
| 31/03/2021 | £2.4m | £2.5m |
Common questions
Is FRESH FUTURES (NCC) financially healthy?
The accounts state that the charity reported an in-year deficit of £524,057 for the year ended 31 March 2025, resulting in a decrease in total funds to £1,968,533. Per the trustees' report, this deficit was driven by strategic investments in post-16 provision and higher staffing costs amidst a challenging funding environment. However, the trustees consider the charity to be in a financially solid position for the future following cost reviews and secured funding. Its FY2025 accounts were audited by Azets Audit Services Limited.