## **POSITIVE CARE LINK**
**REPORT AND FINANCIAL STATEMENTS**
## **31 MARCH 2024**
**Registered Charity Number: 1045438 Company Number: 3028423**
## Positive Care Link
|Index to the Financial Statements||
|---|---|
|For the year ended 31 March 2024||
|Company Information
|2|
|Report of the Management Committee
|3 - 4|
|Report of the Accountants
|5|
|Statement of Financial Activities
|6|
|Balance Sheet
|7|
|Notes to the Financial Statements
|8 – 13|
**2**
## Positive Care Link
Company Information For the Year Ended 31 March 2024
MANAGEMENT COMMITTEE: David Mukasa Segawa - Chairperson Andrew Sentongo - Vice Chairperson Richard Takan - Treasurer Prof Chitta R Chowdhury - Executive Member Beatrice Ayi - Executive Member Henry Muntu - Executive Member REGISTERED OFFICE: Oxford House Derbyshire Street London E2 6HG REGISTERED NUMBER: 1045438 Charity REGISTERED NUMBER: 3028423 Company ACCOUNTANTS: Martin Morrison & Co. Ltd Chartered Certified Accountants & Registered Auditors Unit 43 The Coach House St Mary’s Business Centre 66/70 Bourne Road Bexley Kent DA5 1LU BANKERS: Barclays Bank plc 155 Bishopsgate London EC2M 3XA
**3**
## Positive Care Link
Report of the Management Committee For the Year Ended 31 March 2024
The Management Committee submits its annual report and audited accounts for the year ended 31 March 2024.
## PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review was:
- To support and promote the health of Africans in greater London by providing care and practical help, information and advice, and to advance public education on HIV and AIDS.
- This is done through organising a range of confidential and culturally sensitive services that enable people to maintain a normal and independent life at home.
- A team of 30-40 sessional carers perform a range of care duties in the homes of those infected, or affected, by HIV/AIDS. Also a programme of educational seminars and training workshops is maintained in both for those who are directly or indirectly affected by HIV/AIDS, and for care professionals.
## Management Committee
The committee comprised the following persons at 31[st] March 2024
|David Mukasa Segawa|- Chairperson|
|---|---|
|Andrew Sentongo|- Vice Chairperson|
|Richard Takan|- Treasurer|
|Prof Chitta R Chowdhury|- Executive Member|
|Beatrice Ayi|- Executive Member|
|Henry Muntu|- Executive Member|
## STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Company law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to
- select suitable accounting policies and then apply them consistently;
- make judgement and estimates that are reasonable and prudent;
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for safeguarding the assets of the company and hence for taking responsible steps for the prevention and detection of fraud and other irregularities.
## ACCOUNTANTS
The accountants, Martin Morrison & Co Ltd., will be proposed for re-appointment in accordance with the Companies Act 2006.
**4**
## Positive Care Link
Report of the Management Committee (continued) For the Year Ended 31 March 2024
## CORPORATE GOVERNANCE
The governing body is the Board of Management. The current membership of the Board is shown above. The members of the Board are non-executive and unpaid. The Board meets regularly and retains full and effective control over the organisation.
## INTERNAL CONTROL AND RISK MANAGEMENT
The Board has overall responsibility for all systems of internal financial control applied at Positive Care Link. The systems employed are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.
Following guidance in the revised SORP, the Board set in train an exercise to review and assess its risk management procedures. Results are currently being assessed and the process will be updated at regular intervals.
## RESERVES POLICY
It is the policy of the Board, taking account of the level of grant receivable from various funders, to seek each year to match income and expenditure so that Positive Care Link is both able to continue its activities and can maintain reserves sufficient to meet any foreseeable contingencies in the future.
## PAYMENT TO CREDITORS
Positive Care Link aims to pay its creditors in accordance with terms agreed.
ON BEHALF OF THE BOARD OF MANAGEMENT COMMITTEE
Richard Takan 29/12/2024 Treasurer
**5**
## **`Positive Care Link`**
## **`Report of the Accountant's to the Members of Positive Care Link`**
```
We report on the accounts of Positive Care Link for the year ended 31 March
2024.
```
```
As the charity's trustees you are responsible for the preparation of the
accounts as set out on page 3 of the financial statements.
```
## **`Basis of Independent Examiners Report`**
```
Our examination was carried out in accordance with the General Directions
given by the Charity Commissioners. An examination includes a review of the
accounting records kept by the Charity and a comparison of the accounts
presented with those records. It also includes consideration of any usual
items or disclosures in the accounts, allied to the seeking from you as
trustees explanations concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an
audit, and consequently we do not express an audit opinion on the view
given by the accounts.
```
```
Independent examiner's statement
```
```
In connection with our examination, no matters have come to our attention:
```
- `(1) which gives us reasonable cause to believe that in any material respect the requirements`
- `(a) to keep accounting records in accordance with section 130 of the Charities Act 2011; and`
- `(b) to prepare accounts which accord with the accounting records and comply with accounting requirements of the Act have not been met.`
```
(2) To which in our opinion, attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
```
```
Dated: 29[th] December 2024.
```
```
Martin Morrison & Co Ltd
Chartered Certified Accountant
Unit 43 The Coach House
66/70 Bourne Road
Bexley
Kent
DA5 1LU
```
**6**
## **POSITIVE CARE LINK**
## **STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure) FOR THE YEAR ENDED 31 MARCH 2024**
|Notes
**Incoming Resources**
Services Invoiced
Grants
Bank Deposit Interest
**Total Incoming Resources**
2
**Resources Expended**
Direct Charitable Expenditure
4/5
**Total Resources Expended**
4/5
**Net Income/(Expenditure) for year**
**Funds Brought Forward**
**Funds Carried Forward**
15|Total
Total
Restricted
Unrestricted
2024
2023
Funds
Funds
£
£
£
0
177,341
177,341
220,257
0
0
0
0
0
15
15
16|
|---|---|
||**0**
**177,356**
**177,356**
**220,273**|
||0
198,396
198,396
210,717|
||**0**
**198,396**
**198,396**
**210,717**
0
-21,040
-21,040
9,556
0
32,744
32,744
23,188|
||**0**
**11,704**
**11,704**
**32,744**|
**7**
## **POSITIVE CARE LINK BALANCE SHEET AS AT 31 MARCH 2024**
||||2024||2023|
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|**Fixed Assets**||||||
|Tangible assets|11||0||0|
|**Current Assets**||||||
|Prepayments and Sundry Debtors|10|2,563||25,319||
|Cash at Bank and in Hand||10,266||8,175||
|||12,829||33,494||
|**Creditors: Amounts Falling Due**|9|1,125||750||
|**Within One Year**||||||
|Net Current Assets/(Liabilities)|||11,704||32,744|
|**Net Assets**|||**11,704**||**32,744**|
|**Funds**||||||
|General Funds|||11,704||32,744|
|Restricted Funds|||0||0|
|**Total Funds**|15||**11,704**||**32,744**|
|**The company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the**||||||
|**year ended 31 March 2024.**||||||
|**The members have not required the company to obtain an audit of its financial statements for the year**||||||
|**ended 31 March 2024 in accordance with section 476**|**of the Companies Act 2006.**|||||
|**The Directors acknowledge their responsibilities for:**||||||
|**(a) ensuring that the company keeps accounting records which comply with sctions**||**386 and 387 of the**||||
|**Companies Act 2006 and**||||||
|**(b) preparing financial statements which give a true and fair view of the stateof affairs of the company**||||||
|**as at the end of each financial year and of its profit or loss for each financial year in accordance**||||||
|**with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of**||||||
|**the Companies Act 2006 relating to financial statements, so far as applicable to the company.**||||||
|**The financial statements have been prepared in accordance with the special provisions of Part 15 of the**||||||
|**Companies Act 2006 relating to small companies and**|**with the financial Reporting Standard for Smaller**|||||
|**Entities (effective April 08).**||||||
|**The financial statements were approved by the directors on 29/12/2024 and were signed by:**||||||
David Segawa-Mukasa - Chair Richard Takan - Treasurer
**The accompanying notes are an intergral part of this balance sheet**
**8**
## **POSITIVE CARE LINK NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024**
## **1. Accounting Policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
## **(a) Basis of accounting**
The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed asset investments at market value, and in accordance with the Companies Act 2006 Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.
## **(b) Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
## **(c) Incoming resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
- Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitled is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
- Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
## **(d) Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
- Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
- All costs are allocated between the expenditure and categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas.
## **(f) Pensions**
Positive Care Link offers a stakeholder scheme to its employees and contributes to defined contribution schemes for certain of its other employees. These costs are expended in the Statement of Financial Activities as they become payable.
**9**
## **POSITIVE CARE LINK INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2024**
## **2 Incoming Resources**
|Services Invoiced
HMRC JRS Grant
Sundry Donations
Interest Received
Total Income|Restricted
Unrestricted
2024
2023
£
£
0
177,341
177,341
220,257
0
0
0
0
0
0
0
0
0
0
0
15
16|
|---|---|
||**0**
**177,341**
**177,356**
**220,904**|
## **3 Resources Expended**
|**Resources Expended**
Cost of Delivering Services
Salaries
Rent & Rates
Telephone & Internet
Affiliation & Subscription
Training
Post, Printing & Stationery
Refreshments
Travel
Computer Expenses
Equipment Maintenance
Accountancy & Book-Keeping
Consultancy
Bank Charges
Insurance
Cleaning|Restricted
Unrestricted
2024
2023
0
124,572
124,572
148,595
0
37,694
37,694
44,962
0
10,294
10,294
9,360
0
1,340
1,340
1,295
0
3,324
3,324
0
0
612
612
250
0
2,160
2,160
369
0
285
285
295
0
228
228
242
0
1,492
1,492
1,857
0
811
811
853
0
750
750
750
0
10,558
10,558
0
0
184
184
192
0
2,396
2,396
808
0
1,696
1,696
889|
|---|---|
||**0**
**198,396**
**198,396**
**210,717**|
**10**
## **POSITIVE CARE LINK INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2024**
|**4 Direct Charitable Expenditure**
Cost of Delivering Services
Salaries
Affiliation & Subscription
Training|0
124,572
124,572
148,595
0
37,694
37,694
44,962
0
3,324
3,324
0
0
612
612
250|
|---|---|
||**0**
**166,202**
**166,202**
**193,807**|
## **5 Management & Administration of the Charity**
|Rent & Rates
Telephone
Post, Printing & Stationery
Refreshments
Travel
Computer Expenses
Equipment Maintenance
Audit, Accountancy & Book-Keeping
Consultancy
Bank Charges
Insurance
Cleaning Materials
**4/5 Total Resurces Expended**|Restricted
Unrestricted
2024
**2023**
0
10,294
10,294
9,360
0
1,340
1,340
1,295
0
2,160
2,160
369
0
285
285
295
0
228
228
242
0
1,492
1,492
1,857
0
811
811
853
0
750
750
750
0
10,558
10,558
0
0
184
184
192
0
2,396
2,396
808
0
1,696
1,696
889|
|---|---|
||**0**
**32,194**
**32,194**
**16,910**|
||0
198,396
198,396
**210,717**|
**11**
## **POSITIVE CARE LINK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR PERIOD 31 MARCH 2024**
## **6 Staff Costs and Numbers**
The average number of employees during the period was 5 (2023 - 18). At 31st March 2024, 5 staff were employed. The only emoluments to staff were salaries.
|Salaries & Fees|2024
2023
£
£
37,694
44,962|
|---|---|
||**37,694**
**44,962**|
No employee received remuneration of more than £60,000 during the year (2023 - Nil)
## **7 Net Income for the period**
This is stated after charging
|This is stated after charging||||
|---|---|---|---|
||2024||2023|
||£||£|
|Trustees' Expenses||0|0|
|Accountants Remuneration||750|750|
|Depreciation||0|0|
## **8 Taxation**
All income is applied for charitable purposes and therefore the charity is exempt from corporation tax.
**12**
## **POSITIVE CARE LINK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR PERIOD 31 MARCH 2024**
## **9 Creditors: Amounts Falling Due Within One Year**
|Accruals
**10 Debtors**
Services Invoiced & Grants
**11 Tangible Fixed Assets**
**Cost**
At 1/4/2023
Additions
At 31/3/2024
**Depreciation**
At 1/4/2023
Charge for the year
At 31/3/2024
**Net book Value**
At 31/3/2024
At 31/3/2023|2024
2023
£
£
1,125
750|
|---|---|
||**1,125**
**750**|
||2024
2023
£
£
2,563
25,319|
||**2,563**
**25,319**|
||52,993
0
52,993
52,993
0
52,993
0
0|
**13**
## **POSITIVE CARE LINK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR PERIOD 31 MARCH 2024**
## **12 Contingent Liabilities**
There were no contingent liabilities at the date of the report. (2023 - Nil)
## **13 Liability to Members**
The charity is constituted as a company limited by guarantee. In the event of the charity being wound up members are required to contribute an amount not exceeding £1.
## **14 Trustee Remuneration & Related Party Transactions**
No members of the management committee received any remuneration during the year. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2023 - Nil)
## **15 Movement of Funds**
|**Unrestricted funds**|**At 1 April Incoming Outgoing**
**At 31**
**2023**
**Resources Resources March 2024**
32,744
177,356
198,396
11,704|
|---|---|
||**32,744**
**177,356**
**198,396**
**11,704**|