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← Positive East

2025-03-31-accounts

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

POSITIVE EAST

(A charitable company limited by guarantee)

BOARD OF TRUSTEES’ REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

CONTENTS PAGE
REFERENCE AND ADMINISTRATION 3
OVERVIEW OF FINANCIAL POSITION 5
CHAIR’S REPORT 6
TRUSTEE REPORT 10
INDEPENDENT AUDITORS’ REPORT 17
STATEMENT OF FINANCIAL ACTIVITIES 20
CHARITABLE COMPANY BALANCE SHEETS 21
STATEMENT OF CASHFLOW 22
NOTES TO THE FINANCIAL STATEMENTS 23

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REFERENCE AND ADMINISTRATION

BOARD OF TRUSTEES AND ADVISORS

Patrons

Board of Trustees

Lord Collins of Highbury Rina Sawaya Dominic Skinner Tom Rasmussen Winnie Ssanyu Sseruma Sarah Malcolm Shearer (Chair) + Rebecca Wilkins (Deputy Chair)+ Devina Paul (Treasurer) Selin Yurdakul + (resigned February 2025) Kirsty Cornell +(resigned March 2025) Ade Fakoya (resigned Jan 2025) David Wood * Yasmin Dunkley +(resigned January 2025) Udey Chowdhury appointed July 2024 * David Blackburn appointed August 2024 Christine Ansell appointed October 2024

Executive Director Mark Santos Secretary and Mark Santos registered office 159 Mile End Road London E1 4AQ Principal bankers Unity Trust Bank PO Box 7193 Planetary Road Willenhall WV1 9DG

Solicitors (Probono)

Solicitors

CMS Cameron McKenna Naborro Olswang LLP Cannon Place, 78 Cannon Street London EC4N 6AF

Russell Cooke 2 Putney Hill London SW15 6AB

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Auditors M J Bushell Audit LLP Kings House 101-135 Kings Road Brentwood Essex CM14 4DR Company registration number 02546750 Registered charity number 1001582

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‘ Positive East is like a shining beacon that seeks you out when you’re in a dark place, they restore our dignity, our self-worth and gives each individual a chance to look towards the future with a bit more confidence’

This powerful tribute to our work. from one of our clients, is one of the many reasons that I am proud to be the Chair of Positive East Trustee Board and set out our report of the last financial year. These words are not isolated commentary on our work, as can be seen from this sample of the feedback to our 2024 client survey, where we asked about the impact of our services:-

To achieve this success the Charity has continued being very much rooted in the communities we serve and over the year has:

Our success is due to the fact that we are a vision and mission driven organisation, focused on our clients and how best to address their needs. It is the source of our inspiration, the focus of our ambition, our aspiration. Our vison sets out of our direction of travel working towards a time when:

We realise our vision through our day to day delivery of services and through our the 4 strategic themes of our 3 year strategy detailed below:

  1. Improving the quality of life for people living with HIV

  2. HIV prevention – making our contribution to ending HIV transmission in the capital and ensuring good sexual health for all

  3. Advocacy, influence and positive leadership on issues affecting those with HIV

  4. Sustaining our future in the long term

24/25 was the second year of our strategy and the following sets out the highlights of our progress:

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1.0 Improving the quality of life for people living with HIV

2.0 HIV prevention – making our contribution to ending HIV transmission in the capital and ensuring good sexual health for all

At the Charity we see the success of addressing the HIV challenge is negatively impacted by health inequities of the communities we serve . It is why we have developed community driven approaches to address these issues and have:-

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3.0 Advocacy, influence and positive leadership on issues affecting those with HIV

Under this theme we have been focusing on 3 areas:

This is the second year that the Charity has invested in having a Research and Insight function. This has provided us with the opportunity to document and share our practice, learn from our approaches to develop and improve services, raise our profile through abstracts, academic posters and oral presentations at conferences.

The work has been a real motivator for staff in being able to learn from, share best practice and highlight their work. At national and international conferences we have delivered 8 oral presentations and 12 academic posters. Further, staff have been co-authors of papers in 5 different peer reviewed journals.

We hope continuing our Research and Insight work will help us develop new relationships and partnerships, and ultimately open up new funding opportunities.

Having access to good data enables us to be effective in our work and that is why this year we started a wholesale review of our activity monitoring data base and commissioned our support provider, Real Systems, to undertake the upgrade to our systems and support us in rolling out the implementation with staff. This is a major piece of work that is not scheduled to complete until the next financial year.

Positive East is an established Charity with many years of experience in our field through our direct service provision and more recently through our research and insight work. We therefore have a wealth of community driven experience and knowledge which can inform service development and improvement. It is why we have continued to play an active role in North East London Sexual Health Forums, the development of the North East London Sexual and Reproductive Health Strategy and are part of groups in each North East London Borough overseeing its implementation. Our Deputy Director uses this experience as a member of the

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Leadership Group of the London HIV Fast Track Cities and plays an active role in representing the HIV voluntary sector.

We reached out to all new MPs elected in the July 2024 election to make a connection to raise awareness with them about HIV need within their constituencies and that Positive East is a place to refer constituents too if they need our help.

4.0 Sustaining our future in the long term

This strategic theme underpins all of the work that the Charity does and the following are some of the highlights from the work in this area.

Ensuring the governance of the Charity is sound and fit for purpose is clearly one of the key tasks for Trustees. We have been assessing ourselves against the Charity Governance Code and addressing areas where development is required. We set ourselves this task over 3 years and have made good progress over the course of this year.

We have a committed and talented staff team and we want to ensure that they are effectively supported to ensure that Positive East is a good place to work and the team are able to fully deliver on their roles. The evidence of that we are achieving on this is demonstrated by the fact we succeeded in renewing our Investing in People accreditation. The Charity got some great scores for it being a great place to work, having a great culture. The report highlighted:

Volunteers are mission critical to the work of the Charity. They increase our reach through bringing the diversity of experience of the communities that we support helping us to overcome cultural and linguistic barriers to connect with individuals and communities. Volunteers sustain our service offer and are involved in all aspects of the Charity from reception to prevention to counselling - we are so grateful for all of the work that they do!

It is why we are proud to have successfully renewed our Investing in Volunteering accreditation providing independent validation that our systems and processes effectively and appropriately support our volunteers. The following are some of the findings from our assessment:

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Key to sustaining our future is the work of our Fundraising and Communications team who are tasked with raising our voluntary income. We have an effective team which is shown in the results we achieve. This year the team delivered a new addition to our offer ‘The Rays of Resistance’ a celebration of how art has played a significant role in supporting the HIV community. We also organised the Red Run the largest outdoor UK HIV community fundraising event. We are proud that we organise an event that raises funds for over 30 HIV Charities across the UK and is a visible community act of solidarity and challenge to HIV stigma.

It was also through the relationships that our fundraising team have developed that we had one of the highlights of the year when the Canary Wharf Group agreed to host a World AIDS Day event on 1[st] December 2024 at the top of 1 Cabot Square turning the crown of this iconic building red. It was a again very public act of solidarity and challenge to HIV stigma as the building shone red across the capital. We were delighted the Rt Hon Wes Streeting Secretary for Health and Social Care and Professor Kevin Fenton the London Regional Director Public Health were guest speakers at the event.

Conclusion

In summary, I believe Positive East can be proud of what we have delivered this year. The achievements I’ve outlined would not be possible without the dedication, energy and support of our staff, volunteers and supporters – they are truly inspirational!

But there is no room for complacency as the environment in which we operate is tough and is getting tougher. Fortunately, we are up for a challenge - to echo the words of our Director, Mark Santos, “we are not done yet!”

We remain committed to delivering our vision and mission and making a positive difference to the lives of individuals and communities living with HIV.

As a board of trustees one of our key areas of focus has been setting direction for the organisation and supporting delivery of our strategy. The coming year we will continue work on bringing the 3[rd] and final year of our current strategy to life. We will also start the work planning our new 5 year strategy.

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This new 5 year strategy will take us beyond 2030 and the critical UK and United Nations milestone in HIV of ending new cases of HIV globally. We fully support this ambitious target – its part of our vision - but also know this will not be the end of the HIV story or our work as there will still be an estimated 40,000 people living with HIV in London alone.

Now, and for the foreseeable future, Positive East remains committed to supporting those individuals and communities to live full and healthy lives free from stigma and discrimination. We are not done yet!

TRUSTEE REPORT

Trustees Responsibilities

The Board of Trustees are pleased to present their annual report and the financial statements of the charity for the year ended 31 March 2025, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)”.

Legal and administrative information

The charity Positive East is the result of a merger between 2 charities in 2005. They were London East Aids Network (company # 02544440 and charity # 1001106) and The Globe Centre (company #02546750 and charity # 1001582). For legal and business reasons, the main activities of the charity recorded under the old LEAN company and charity numbers were combined with the assets of the Globe Centre and now trade under the Globe Centre company and charity numbers. But the history of the charity’s activities pre-2009 is found under company # 02544440 and charity # 1001106.

Positive East is a company limited by guarantee and not having a share capital (registered in England and Wales number 2546750). The governing document is the Memorandum and Articles of Association. The Company cannot pay dividends and must utilise all its funds to further its stated charitable objectives. The Company is registered at the Charity Commission (registered charity number 1001582).

Board of Trustees

The Board of Trustees is the governing body and determines the strategy and policy of the organisation. Members of the governing body are charity Trustees as defined by the Charities Act and are registered as directors in accordance with the Companies Act.

The Board of Trustees is responsible for the overall management and for ensuring that Company policy is implemented by the staff through the Executive Director and the Leadership Team. During the period under review the Leadership Team was composed of the Executive Director, Deputy Director, Head of Fundraising and Communications, Head Health & Wellbeing, Advice Services

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Manager, Health of Prevention and Testing, Officer Manager, Research & Insight Manager, Volunteer Manager reflecting the services and work of Positive East.

New Trustees are elected to the Board by Members of the Company throughout the year. There must be between five and fifteen Trustees at any time, unless otherwise determined by a General Meeting.

Periodically a skills audit is carried out to identify gaps, with new Trustees recruited when available and approved at the following Board meeting. New Trustees are given an induction, and there are opportunities for Trustee training throughout the year.

There are two Sub Committees reporting to the main Board. They are the Finance, Fundraising and Risk Sub Committee and the People and Services Sub Committee. The Sub committees provide a greater level of detailed governance oversight and control. The first is in relation to all funding, financial matters and risk and the second all aspects of human resources (including Health and Safety) for both paid staff and the increasingly important volunteering resource as well as the Charity’s service delivery.

The Sub Committees act in an advisory capacity only, and do not have the authority to make decisions on behalf of the Board unless this power has been delegated specifically. Non-Trustees may be co-opted onto the committees, but the majority of members must always be members of the Board of Trustees.

The members of the Board of Trustees who held office throughout the financial year, unless otherwise stated, were as follows: -

Sarah Malcolm Shearer (Chair) Rebecca Wilkins (Deputy Chair) Devina Paul (Treasurer) David Wood Selin Yurdakul Kirsty Cornell Ade Fakoya Yasmin Dunkley

We stated in our last report that we would be undertaking a full review of our Governing document supported by our solicitors. We can confirm that this work completed with adoption of our new articles of association in July 2024. Thus, ensuring we have a modern and up to date constitution.

The Board of Trustees confirms that suitable accounting policies have been used and applied consistently, reasonably and where estimates are required with prudent judgement in the preparation of the financial statements for the year ended 31 March 2025. The Board of Trustees also confirms that applicable accounting standards have been followed and that the financial statements have been prepared on “ the going concern basis ”.

The Board of Trustees is responsible for keeping proper accounting records, for taking reasonable steps to safeguard the assets of the Company and to prevent and detect fraud and other irregularities.

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The Board acknowledges the fact that the London Borough of Tower Hamlets provides the main building at Stepney Green for a peppercorn rent. The charity wants to record its appreciation to the Borough for this support.

Charitable Objectives and Public Benefit Reporting.

The Board of Trustees have taken into consideration the Charities Commission pronouncements on the reporting of public benefit that is involved in running a charity.

Strategic Objectives

We have detailed in the Chair’s report (above) some of the highlights of the 2 years of our Strategy. As we have set out above the strategy has 4 strategic objectives, detailed below:

  1. Improving the quality of life for people living with HIV

We will provide a holistic range of services that enable people living with HIV to promote their health & wellbeing, support self-management, and to gain and sustain their independence.

  1. HIV Prevention, making our contribution to getting to zero and ensuring good sexual health for all

Empower individuals and communities that are minoritised and disproportionately carry the burden of HIV and STIs, to have good sexual health and wellbeing, have pleasurable sexual experiences, free of coercion, discrimination and violence. Achieving this through delivering community-based HIV and sexual health testing, taking services to where communities live and live their lives. Addressing barriers for communities in accessing services through training provision and ensuring a culturally competent offer through community insight and implementing evidence-informed practice. Ensuring our service offer is flexible and responsive to individual need.

  1. Influencing, Leadership & Advocacy

We document & share learning, influence policy development, advocate for service development and improvement, provide leadership for positive change and always ensure the voice of people living with HIV is heard loud and clear in those discussions.

  1. Sustaining our Future

We will ensure the Charity is sustainable and resilient. We see our staff and volunteers as key enablers to achieving our vision and look to create an environment where they can thrive and contribute productively towards our objectives.

Positive East Vision

Our vision is

We are working towards a time when:

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Positive East Mission

The Charity works to realise its vision through its mission which is to ‘Improve the quality of life of individuals and communities affected by HIV’

Activities and the impact of the work

We have set out this out in the Chair’s report above

Risk Management

The Board took the decision to review and revamp the Charity’s risk register as part of its assessment of governance against the Charity Governance Code. The new register categorises our risks under the following headings:

The register lists risks and scores them on the basis of likelihood, impact, and amount of warning (1 being low and 5 the highest). Gross risk is identified by multiplying the scores together. Mitigating actions are identified and recorded. They are then scored where the scoring is determined by the impact of the mitigation (1 being low mitigation and 5 being fully mitigated). The Gross risk is divided by the mitigation score and residual score is reviewed to determine whether it leaves an acceptable level of risk or further mitigating actions are required. Where further action is identified a lead person for the task/s is named and a date when the progress against the task/s will be completed is noted.

The register also sets out how and the frequency by which Board will receive assurance that risks are being managed.

The risk register is reviewed by the Leadership Team which makes recommendations about new risks, changes in risk levels and further mitigations.

The finance, infrastructure risks are reviewed by the Trustees Board Finance, Fundraising and Risk Sub Committee

The People and Service Delivery risks are reviewed by our Trustee Board People and Services Sub Committee.

The Sub Committees make recommendations to the full Board, which has the responsibility for the whole risk register, and the Board takes a lead on the Governance, Changing Environment risk categories.

Financial Results

Income and Expenditure.

The financial year ending 31 March 2025 had a change in income to our previous year. This is because, as noted in our Accounts for FYE 23/24, last year had both some exceptional results due to 2 significant legacies (which was unprecedented but gratefully received) and a change in the way

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we recognised income. This change in income recognition being under advisement from our auditors ensuring that we are compliant with SORP. This year therefore presented a markedly different compared to the previous year (Total Income £1,930,134) and is a return to a profile more consistent with previous years.

Expenditure for the year rose to £1,882,051 (2023/24: £1,784,371), an increase of £97,680 (5.5%). The charity continued to prioritise programme delivery, with charitable activities accounting for over 83% of total spend. Within this, investment in our Health and Wellbeing service area grew to £619,118 (up 21.1%), responding to the strategic development of peer support services addressing disengagement from HIV care and supporting people who were diagnosed via opt out HIV testing in Emergency Departments. Fundraising costs increased by 18.4%, as the organisation strengthened the function to diversify income streams amid a challenging funding environment.

The year closed with a modest surplus of £48,083, compared to £714,106 in the prior year. This outcome underscores the exceptional nature of last year’s results which we have detailed above.

Reserves and Financial Position

The charity's Board of Trustees and management team, adhering to the guidance from the Charities Commission, remain committed to ensuring a robust financial position by maintaining sufficient reserves to cover operational expenses. This prudent approach is especially vital in the current economic environment, characterized by ongoing challenges and uncertainties.

As of 31 March 2025, the charity has maintained its reserve target, with free reserves (defined as unrestricted) totalling £827,429. This balance includes an unrestricted surplus of £48,083.

With planned operational expenditure for 2024/25 amounting to just over £1.8 million, or approximately £157,000 per month, the current reserve level equates to approximately 5.3 months of operating expenses—a benchmark established to provide financial stability and resilience.

The Board will continue to monitor the charity's financial performance and engage in periodic reviews to ensure the reserves policy aligns with the charity's strategic goals, risk profile, and operational needs. By maintaining and potentially increasing its reserves, the charity is better positioned to deliver its mission effectively while safeguarding its financial health.

Forward Outlook

The charity enters the new financial year with a stable reserve base but faces ongoing challenges in sustaining unrestricted income and managing cost pressures. Strategic priorities include strengthening fundraising efficiency, expanding service income, and leveraging designated funds for capacity-building projects. Trustees remain committed to robust financial stewardship and compliance with the Charities SORP, ensuring transparency and accountability in all aspects of financial reporting.

Fixed Assets.

Details of the movement in fixed assets are in note 12 to the financial statements.

Investment powers

The charity's investment strategy, as outlined its governing document, provides a comprehensive framework for responsibly managing funds not immediately required for operational purposes. This

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approach underscores our commitment to maximizing returns while ensuring the availability of resources to achieve our core objectives.

To achieve this balance, we employ a diversified investment strategy, allocating surplus funds between deposit accounts and a liquid investment product managed by CCLA Investment Management Ltd (CCLA). This dual approach ensures we can meet our liquidity needs while leveraging opportunities for enhanced returns from strategic investments.

During the financial year ending March 31, 2025, our investment performance showed small reduction in value. We recorded an investment loss of £6,110. In addition, interest and dividends received totalled £40,132, more than last year by £2,574. These results highlight the effectiveness of our collaboration with CCLA in generating sustainable returns beyond those offered by traditional banking products.

To further support our financial sustainability goals, we have strategically retained a portion of our operational cash surplus in CCLA’s investment products, with a total balance of approximately £116,613 during the reporting period. This prudent allocation reflects our commitment to maintaining a secure financial position while seeking long-term growth opportunities.

Through these efforts, the charity continues to align its investment activities with its mission-driven objectives, demonstrating sound financial stewardship and an unwavering focus on achieving sustainable outcomes for the communities we serve. This proactive approach ensures that our financial resources are optimally managed to support both current operations and future initiatives.

A. Statement of Trustees’ Responsibilities

The Trustees, who are also the directors of Positive East for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

B. Auditors

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M J Bushell Audit LLP has indicated that they are willing to be reappointed as auditors for the next year.

C. Disclosure of information to auditors

Each of the Trustees (directors) has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

Approved by the Board of trustees on 16th December 2025 and signed on its behalf by

Sarah Malcolm - Shearer

Chair 14 December 2025

Devina Paul

Treasurer 15 December 2025

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INDEPENDENT AUDITORS' REPORT to the members of Positive East

Opinion

We have audited the financial statements of Positive East for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the 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 United Kingdom Accounting Standards, including Financial Reporting Standards 102 The financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis of Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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.

Conclusions 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 collectively, may cast significant doubt on the 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the annual report. 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. Our responsibility is to read the other information 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 this gives rise to a material misstatement in the financial statements

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themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, 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 the Trustees 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 concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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's 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

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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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Management override of controls

Non compliance with laws and regulations

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s 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 audit 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 auditors’ 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 and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

[CondSigned929FC8BB5E544CB...by: vow Willig. 15 December 2025

Corné von Wielligh ACA (Senior Statutory Auditor) for and on behalf of M J Bushell Audit LLP Chartered Accountants Statutory Auditor

Kings House 101-135 Kings Road Brentwood Essex CM14 4DR

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STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31[st] March 2025

----- Start of picture text -----
2024-2025 2023-2024
Year ended Year ended
Unrestricted Restricted Designated 31 March Unrestricted Restricted Designated 31 March
Funds Funds funds 20242025 Funds Funds funds 20232024
INCOME AND ENDOWNMENTS FROM: Notes £ £ £ £ £ £ £
Income and endowment from
Grants received from cored activities 3 82,452 201,938 - 284,389 75,793 676,773 44,000 796,566
Donations and legacies 4 33,054 - 13,213 46,267 17,925 - 305,000 322,925
Charitable Activities 5 25,240 1,315,904 1,341,144 15,895 1,124,698 1,140,593
Other trading activites 6 224,312 - 224,312 190,271 - 190,271
Investment income 7 34,022 - 34,022 48,122 - 48,122
Total Income and Endownments 399,079 1,517,842 13,213 1,930,134 348,005 1,801,471 349,000 2,498,476
EXPENDITURE: -
Cost of raising funds
1. Fundraising costs 8 207,440 108,000 3,139 318,579 269,014 269,014
Expenditure on Charitiable activities
1. HIV Testing and Prevention services 8 654,392 6,512 660,904 693,581 693,581
2. Advice 8 280,658 2,793 283,451 310,465 310,465
3. Peer Supports and Counselling services 8 613,018 6,100 619,118 511,311 511,311
Total Expenditure 207,440 1,656,067 18,545 1,882,051 269,014 1,515,356 - 1,784,371
Net income/(expenditure) 191,639 ( 138,225) ( 5,331) 48,083 78,991 286,115 349,000 714,106
Transfers between funds ( 75,000) 75,000 - - - -
Net movement in funds 116,639 ( 138,225) 69,669 48,083 78,991 286,115 349,000 714,106
Reconciliation funds:
Total fund brought forward 710,790 286,115 349,000 1,345,905 631,799 631,799
Total Fund carried forward 827,429 147,889 418,669 1,393,987 710,790 286,115 349,000 1,345,905
----- End of picture text -----

20

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

CHARITABLE COMPANY BALANCE SHEETS as of 31[st] March 2025

Charity
Notes
Non Current Assets
Tangible Assets
12
Investment
13
Total fixed assets		 2025
£
209,442
116,613
326,055		 2024
£
33,434
122,723
156,157
Current Assets
Debtors
14
Cash at bank and in hand		 174,769
1,203,702
1,378,471		 359,782
1,366,957
1,726,739
Creditors: amount falling due within one year
15
Net current assets		 310,538
1,067,933
1		 536,991
1,189,748
Net assets 1,393,988 1,345,905
Funds
Restricted funds
16a
Unrestricted funds:
- General Funds
16b
- Designated
16c
- Attributable to non controlling interest		 147,889
827,429
418,669
-		 286,115
710,790
349,000
-
17 1,393,987
1		 1,345,905

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the Board of Trustees and authorised for issue on the 16[th] December 2025 and are signed on its behalf by:

| SavalSigned by:Malcolm—Slrarer B5C422C792A941A... Sarah Shearer Chair

14 December 2025

Devina Paul Treasurer and Vice Chair

15 December 2025

21

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

STATEMENT OF CASH FLOWS for the year ended 31[st] March 2025

Note
Cash flows from operating activities
20
Cash generated from/(absorbed by) operations
Cash flows from investing activities
Interest received
Purchase of tangible fixed assets
Purchase/ Sale of investments
Net cash generaten from/(used in) investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 267
40,132
( 203,653)
-
(163,521)
( 163,254)
1,366,957
1,203,702
2025		 447,202
37,558
( 8,325)
-
29,233
476,435
890,522
1,366,957
2024

22

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31[st] March 2025

1 Accounting Policies

Company information

Positive East is a private company limited by guarantee incorporated in England and Wales. The registered office is 159 Mile End Road, London, E1 4AQ.

1.1 Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 as applicable to companies subject to the small companies regime and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Basis for accounting

The basis for accounting is mainly the Charity accounts. Within the structure of Positive East, we have two subsidiary entities:

The Company has availed itself of Paragraph 3(3) of Schedule 4 of the Companies Act and adapted the Companies Act formats to reflect the special nature of the Company’s activities. No separate income and expenditure account or statement of financial activities has been presented for the Company alone as permitted by Section 408 of the Companies Act 2006.

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POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

1.3 Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

1.5 Incoming resources

Income is recognised when the group is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Where the income relates to charitable trading activities, it is shown net of VAT.

Cash donations are recognised on receipt. Other donations are recognised once the group has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income from government and other grants is recognised when the group has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.

All income arises in the United Kingdom.

Income shown on the face of the Statement of Financial Activity (SOFA) is split between unrestricted, restricted and project income and the differentiation is based on the following definitions:

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Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

1.6 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and includes attributable value added tax which cannot be recovered. Costs are allocated to the different activities as follows:

All direct staff costs are allocated in full to their respective areas as are non-staff directly attributable spend. Infrastructure overhead costs are assigned to the various service areas on the basis of the percentage of area staff costs to total staff costs. This is believed to be a reasonable approximation.

1.7 Tangible fixed assets

All assets costing more than £250 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation and impairment is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, which is reviewed annually. The rates used are as follows:

25

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

1.8 Impairment of fixed assets

At each reporting end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pretax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/(expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial Instruments

The company 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.

Financial instruments are recognised when the group becomes party to the contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

Other financial assets

Financial assets classified as other financial assets are stated at fair value with any gains or losses arising on re-measurement recognised in profit or loss. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset.

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets in the year

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Financial liabilities classified as other financial liabilities are stated at fair value with any gains or losses arising on re-measurement recognised in profit or loss.

De-recognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

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Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the group’s accounting policies, the directors 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

28

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

3 Grant receivable for Core activities

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Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

4 Donation and Legacies

----- Start of picture text -----
Unrestricted Restricted Designated Unrestricted Restricted Designated
funds funds funds Total 2025 funds funds funds Total 2024
£ £ £ £ £ £ £ £
Donations 33,054 - - 33,054 17,925 5,000 22,925
Legacy 13,213 13,213 300,000 300,000
33,054 - 13,213 46,267 17,925 - 305,000 322,925
----- End of picture text -----

5 Income from Charitable activities

Pan London GMI
HPE MSM
ED Testing - London Boroughs
Fast Track Cities Bus
Barts Health NHS Trust - Women for Women
London borough of Barking & Dagenham and Havering
London borough of Hackney
London borough of Newham
London borough of Redbridge
London borough of Tower Hamlets - Public Health
London borough of Tower Hamlets - Main Grants
London borough of Waltham Forest
Age UK (Formerly REAL IAA)
Royal Free NHS Trust - Fast Track Cities Wellbeing
NHS North East London CSU- HIV Society Stigma
GILEAD - 40 @ 40 project
London borough of Hackney - Communities project
Royal Free NHS Trust - ED Testing
Royal Free NHS Trust - Supports		 Unrestricted
funds
£
25,240
-
-		 Restricted
funds
£
55,632
-
100,000
-
63,603
85,232
98,000
100,000
227,313
200,000
4,255
70,900
23,920
72,348
-
-
80,000
54,700
80,000		 Total 2025
£
55,632
25,240
100,000
-
63,603
85,232
98,000
100,000
227,313
200,000
4,255
70,900
23,920
72,348
-
-
80,000
54,700
80,000		 Unrestricted
funds
£
12,430
3,465		 Restricted
funds
Total 2024
£
£
74,831
74,831
12,430
40,000
40,000
23,619
23,619
-
-
74,964
74,964
98,000
98,000
100,000
100,000
174,230
174,230
200,000
200,000
5,633
5,633
70,849
70,849
22,353
22,353
140,115
140,115
3,465
20,750
20,750
79,354
79,354
1,124,698
1,140,593
25,240 1,315,904 1,341,144 15,895

30

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

6 Other trading activities

----- Start of picture text -----
Unrestricted Restricted Unrestricted Restricted
d funds funds Total 2025 d funds funds Total 2024
£ £ £ £ £ £
Fundraising events 167,200 167,200 137,312 137,312
MAST - income from
letting arrangements
for property 39,537 39,537 29,000 29,000
Other income 17,576 17,576 23,959 23,959
224,312 - 224,312 190,271 - 190,271
7 Investment Income
Unrestricted Restricted Total Unrestricted Restricted Total
d funds funds 2025 d funds funds 2024
£ £ £ £ £ £
Interest 40,132 40,132 37,558 37,558
Revaluation of
CCLA investment
at fair value at
31.03.2125 ( 6,110) ( 6,110) 10,564 10,564
34,022 - 34,022 48,122 - 48,122
8 Total resources expended
HIV Testing Peer
and supports
Fundraising Advice Total 2025 Total 2024
Prevention and
services Counselling
£'000 £'000 £'000 £'000 £'000 £'000
Staff Costs ( Note 10) 188 484 221 380 1,274 1,191
Direct costs ( Non Staff) 85 83 22 151 342 292
Overhead 27 56 24 53 160 195
Infrastrusture 18 37 16 35 107 107
Total Resources Expended 319 661 283 619 1,882 1,784
----- End of picture text -----

7 Investment Income

8 Total resources expended

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Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

9. Net income/(expenditure)
Net income/(expenditure) is stated after
charging/(crediting):
- Staff Costs
- Depreciation - owned assets
- Professional Indemnity liability
- Auditors' remuneration		 2025
£
1,273,900
27,645
7,779
6,500
1,315,823		 2024
£
1,190,826
30,842
8,681
6,700
1,237,049

10 Staff costs

Total employment costs
were:
Wage and salaries
Social security costs
Pension costs		 2025
£
1,085,651
107,299
80,949
1,273,900		 2024
£
1,014,730
99,223
76,873
1,190,826
FTE
Fundraising
Prevention
Advice
Peer supports and Counselling services
Administration of the charity		 2025
£
4
11
4
7
5
30		 2024
£
3
9
5
8
5
30

11 Board of Trustees expenses

During the year no Trustees claimed travel expenses. No Trustees nor any persons connected with them have received remuneration or Benefits in Kind (2024: none).

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POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

12 Tangible fixed assets

----- Start of picture text -----
Leasehold Less Furniture
LeaseholdImprovem Other Government and Office Computer Gym Total Total
Improvements ents Leasehold Grant Fittings Equipment Equipment Equipment 2025 2024
£ £ £ £ £ £ £ £ £ £
Historical costs
At 1st April 2024 596,721 129,391 (280,000) 27,378 19,019 37,176 6,516 536,201 760,517
● Reclassification
Transfers
● Additions - 184,770 - - - 18,883 - 203,653 8,325
● Disposals - - - - (232,641)
At 31st March 2025 596,721 314,161 ( 280,000) 27,378 19,019 56,058 6,516 739,854 536,201
Depreciation
At 1st April 2024 596,721 98,489 (280,000) 27,378 19,019 34,915 6,244 502,766 705,651
● Reclassification
Transfers - - - - - - - -
● Charge for the year - 18,545 - - 8,829 272 27,645 29,757
● Disposals - - - - (232,641)
At 31st March 2025 596,721 117,034 ( 280,000) 27,378 19,019 43,743 6,516 530,411 502,767
Net book value
At 31st March 2024 - 30,902 - - - 2,261 272 33,435
At 31st March 2025 - 197,127 - - - 12,315 (0) 209,442
----- End of picture text -----

33

December 12, 2025

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

13 Fixed asset investments

Subsidiaries

Positive East oversees two subsidiary entities:

  1. Purple People Enterprises Limited: This wholly owned subsidiary is registered in England and Wales with Registration No. 06956340. It was primarily engaged in catering services and wellbeing courses. Historically, all of its profits were channelled to the group through gift aid. A few years back, we secured funding from the Big Lottery and City Bridge Trust, rejuvenating our mindfulness programme. This programme achieved notable recognition, leading to the delivery of mindfulness services at the esteemed rating agency, Standard & Poor. By 2020, we decided to integrate the mindfulness and café activities directly into the charity, rendering Purple People Enterprises Limited dormant. This transition streamlined our accounting and legal processes, reduced costs, and retains the flexibility to reactivate the trading arm if needed in the future.

  2. The Chilli Pig Ltd: This subsidiary, registered in England and Wales with Registration No. 07602054, operates in the organic food manufacturing and distribution sector. Although Positive East has held a stake in The Chilli Pig for some time, it wasn't until the financial year 2020/21 that we became the majority owner with a 70% share. For the current financial year, we opted not to consolidate The Chilli Pig's accounts into the group accounts. This decision was driven by the subsidiary's immaterial financial impact; even its most significant figures remain below the materiality threshold for audit considerations. This approach is in alignment with FRS 102, paragraph 9.9A.

Financial Summary for 2024-2025: Deficit: £385 Net Assets: -£491

13b. Investments.

The charity holds a portion of its liquid assets in CCLA investments. These are held to gain access to some return in the absence of any interest on deposits. Deposits currently earn less than a 1/10 of 1% whist the investments bring in 3.25%

----- Start of picture text -----
Charity
2025 2024
£ £
Listed investments 116,613 122,723
Unlisted investments - -
116,613 122,723
----- End of picture text -----

34

December 12, 2025

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

14 Debtors

Debtors
Other Debtors
Prepayments
Accrued income
VAT receiveble from HMRC		 2025
2024
£
£
166,220
352,271
2,099
4,765
6,450
2,745
-
-
-
-
174,769
359,782
Charity

15 Creditors: amount falling due within one year

Trade Creditors
Other Creditors
Taxation and social security
Accruals
Deferred income
VAT payable to HMRC		 2025
2024
£
£
28,544
38,791
9,139
15,673
24,143
24,330
25,315
21,668
190,893
402,553
32,503
33,977
310,538
536,991
Charity

Deferred Income: On a few projects where there are some specific deliverable or outputs, and these have not been met by the end of the financial period (31st March 2025) then a value representing the portion remaining unmet is deferred until the future.

At 31[st] March 2025, a total of £190,893 (2024 the equivalent was £402,553) was rolled over to the future.

35

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POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

16 Funds

16a Restricted funds

29th May 1961 Charitable Trust
Age UK (Formerly REAL IAA)
Barts Health NHS Trust - Women for Women
Charity of Sir Richard Whittington
Charles S French
East Midlands Sexual Health
ED Testing - London Boroughs
Fast Track Cities Wellbeing
Francis Winham
GILEAD - Religion
GILEAD - Testing Van
Gilead - Women for Women
Glasspool
Hospital Saturday Foundation
LB of Tower Hamlets - Mayor Community Fund
LGSM - 40@40 Story told by us project
London borough of Barking & Dagenham and Havering
London borough of Hackney
London borough of Hackney - Communities project
London borough of Newham
London borough of Redbridge
London borough of Tower Hamlets - Main Grants
London borough of Tower Hamlets - Public Health
London borough of Waltham Forest
MAC VIVA GLAM
Merck Sharp & Dohme (MSD)
National Lottery Coumminty Fund - Reaching Communities
Pan London GMI
QUILT project
Royal Free NHS Trust - ED Testing
Royal Free NHS Trust - Fast Track Cities Wellbeing
Royal Free NHS Trust - Supports
Terrence Higgins Trust - Living Well course
The City Bridge Foundation - GMI
The Clothworker
The Henry Smith charity - Reassure project
Trust for London - Temporary Accommodation		 Brought
Forward
£
8,000
33,000
40,115
100,000
55000
50000
286,115
55,000
50,000		 Income
£
23,920
63,603
20,000
5,627
100,000
4,000
6,074
7,918
8,200
22,500
2,000
12,166
10,000
85,232
98,000
80,000
100,000
227,313
4,255
200,000
70,900
8,625
50,000
55,632
2,317
54,700
72,348
80,000
6,411
18,600
17,500
1,517,842		 Expenditure
£
8,000
23,920
63,603
20,000
5,627
30,225
100,000
4,000
6,074
7,918
8,200
15,000
2,000
12,166
-
85,232
98,000
80,000
100,000
227,313
4,255
200,000
70,900
100,000
8,625
20,000
55,632
2,317
54,700
72,348
80,000
6,411
10,000
37,500
18,600
17,500
1,656,067		 Carried
Forward
£
-
-
-
-
-
2,775
-
40,115
-
-
-
-
7,500
-
-
10,000
-
-
-
-
-
-
-
-
-
-
30,000
-
-
-
-
-
-
45,000
12,500
-
-
-
147,890

36

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

16b Unrestricted Funds

----- Start of picture text -----
Transfer to
Brought Designated Carried
forward Income Expenditure fund Forward
£ £ £ £
General Fund 710,790 399,079 207,440 75,000 827,429
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16c Designated fund

We are deeply honoured to have received a generous £300,000 legacy from the estate of Mark Rampley, known to us as Mark Ashley. Mark was a devoted friend and supporter of the Charity, and his passing deeply saddened us. We are profoundly touched and honoured to be remembered by him in this way. In recognition of his remarkable generosity, we have decided to rename our building in his honour.

We also received a generous £5k from John Reid.

This legacy, received during the current financial year, has significantly contributed to the unusually large surplus reported. However, the funds arrived at a fortuitous time, as the Charity identified an urgent need to replace the roof, along with completing related capital works, including a new boiler and other necessary improvements.

Additionally, this legacy has enabled us to advance a key strategic priority: the development of a Research and Insight function, as detailed in the Chair’s report below. The early outcomes of this initiative are already becoming apparent, and its full potential will materialize in the coming financial year.

37

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

17 Analysis of net assets between funds

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Unrestricted Restricted Designated
funds funds funds Total 2025 Total 2024
£ £ £ £ £
-
Tangible fixed assets 30,902 178,540 209,442 33,434
Investment 116,613 - - 116,613 122,723
Cash at bank and in hand 624,791 338,783 240,128 1,203,702 1,366,957
Other current assets 174,769 - - 174,769 359,782
Current liablilities ( 119,645) ( 190,893) - ( 310,538) ( 536,991)
-
827,430 147,889 418,669 1,393,988 1,345,905
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18 Retirement benefit schemes

Defined contribution schemes

The group pays a non-contributory 6% of the staff’s salary into nominated stakeholder pensions on their behalf. The total cost to the charity during the financial year was £80,949 (2024 £76,873).

19 Related party transactions

Remuneration of key management personnel

Key management personnel have been identified as the Executive Director and the Deputy Director. There were no employees earning more than £60k during the year.

Transactions and balances with related parties

At the year end the charity was owed £425 (2024: £425) by its subsidiary company, The Chilli Pig Ltd. No guarantees have been given or received.

38

Docusign Envelope ID: 55ED5291-3064-4A07-8D78-DDB080AC0257

POSITIVE EAST Company Register No. 02546750 Charity Register No. 1001582

20 Cash generated from operations

Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in profit or loss
Movement in Investments
Depreciation and impairment of tangible fixed assets
Amortisation of Goodwills
Movements in working capital:
Increase in debtors
Decrease in creditors
Cash generated from/(absorbed by) operations		 2025
£
48,083
( 40,132)
6,110
27,645
-
185,013
(226,453)
267		 2024
£
714,106
( 37,558)
( 10,564)
29,757
-
( 117,445)
(131,095)
447,202

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