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2022-03-31-accounts

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited Accounts for the year ended 31 March 2022

Registered Charity number: 1091627 Company number: 04155343

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Contents Page
Trustees and Advisers 2
Trustees’ Report 3
Independent Auditor’s Report 11
Statement of Financial Activities
and Income and Expenditure Account 15
Balance Sheet 17
Statement of Cash Flows 18
Notes to the Accounts 19

1

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Reference and Administration details

The Fresh Visions People Limited (Fresh Visions) was registered as a Charity on 15 April 2002 (registered number 1091627). It is a company limited by guarantee (registered number 04155343).

Trustees and advisers throughout the year and to the date of this report:

Trustees

Ralph Scott-Gordon Chair Nick Stephenson resigned 8 May 2022 Alexandra West Grace Alaneme appointed 24 September 2021 Sarah Morgan appointed 21 April 2022

Secretary Alison Wignall

Advisers

Bankers

Barclays Bank 1 Churchill Place Canary Wharf London E14 5HP

Auditors

BDO LLP 2 City Place Gatwick RH6 0PA

Solicitors Devonshires 30 Finsbury Circus London EC2M 7DT

Registered Office

Grosvenor House 125 High Street Croydon CR0 9XP

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Trustees’ report

Objectives

Fresh Visions was incorporated on 7 February 2001 as a company limited by guarantee, and commenced trading during 2003.

The Charity’s mission is:

To support children, young people and vulnerable adults who face extreme disadvantage as a result of poverty, domestic abuse, lack of education and social exclusion.

Who we help

The Charity supports and empowers disadvantaged individuals and communities to maximize their potential, with a particular focus on working in neighbourhoods where Optivo operates.

Where we work

We focus on meeting local needs in Optivo communities in the South East and Midlands. Despite this being an economically vibrant and wealthy region, there are individuals and communities facing extreme disadvantage, poverty and social exclusion. We’re committed to making lasting, positive community change among some of the poorest neighbourhoods and communities in the UK.

What we do

We design and deliver local community projects based on strong local needs analysis. We co-design activities with and for people, listening closely to their needs. We invest in community interventions rather than provide monies or grants directly to people. We fundraise and seek charitable donations and sponsorship to support our work.

We’ve a track record and a level of expertise in:

Activities

We’ve engaged over 540 beneficiaries during 2021/22 . Our main projects include:

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Trustees’ report (continued)

Our projects are funded from restricted and designated grant funding or unrestricted funds as set out in notes 14 and 15 of the financial statements. Designated funds remain unrestricted and are available for use at the Trustees’ discretion.

Strategic report

Achievements:

We’re proud of the impact we make. During 2021/22 we:

We’re seeking to build on this work. We commit to working with the most vulnerable people who face the greatest challenges. We’re set to better cocreate opportunities for people to fulfil their potential and move on successfully from challenges they may face.

We’ve responded to the Covid pandemic and lockdown restrictions with an agile service offer. We’ve refocused our online support work for our beneficiaries. The impact of Covid 19 further agitates and re-emphasises the priority of the needs of our client groups; people facing poverty and exclusion with the pressures of health, wellbeing and worry of domestic abuse.

We’re determined to drive our strategy objectives to 2025. Transforming our work and charity endeavours to meet the challenges of the extraordinary times ahead.

Complaints

The charity didn’t receive any complaints in the year ended 31 March 2022.

Financial Review

The Charity raised income during the year of £196,034 and received a capital contribution from Optivo of £250,000 bringing total receipts to £446,034 (2021: £528,197). Income sources and supporters included: CPHA, Clarion, Medway Council, Colyer Fergusson, Police Crime Commissioner (Kent), East Sussex

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Trustees’ report (continued)

Clinical Commissioning Group, Places for People, Travis Perkins, Garfield Weston, Kent Police Property Loss Fund, BSW, Swale Heating, UK CPM, 4i Solutions, Quantum, FFT, Cosy Seal, T&C Cleaners, Axis, Niblock, Colours and Court Developments. Total Reserves held at year end were £768,561 (2021 £770,812); £746,422 unrestricted and £22,139 restricted.

We secured individual fundraising donations and corporate charity sponsorship and we benefit from Gift Aid donations.

The Charity’s intent is to maximise the use of resources directly into vital community project delivery. The Charity is supported and hosted by Optivo. The only non-project costs are audit fees, bank charges and an administration charge from the parent (Optivo). Significant ‘in kind’ or pro-bono support is provided by Trustees and staff in support of governance, project management and fundraising endeavours.

Plans for Future Periods

During 2021/22, we secured £269k future grant funds to support our charitable projects. Fundraising also included corporate donations of £28k and a capital contribution of £250k from Optivo. Individual supporters raised £28k.

Our plan is to pursue fundraising from grant funding bids, corporate sponsorship and individual fundraising by supporters.

The Trustees hold an annual strategy planning day current driving work in line with our charity strategy to 2025.

Building on current work, our priorities are to grow our community support programmes for young and vulnerable clients including domestic abuse counselling.

Our strategy will see us focus and grow on core areas of expertise.

We’ve faced 2 years of Covid 19 Pandemic followed by a cost-of-living crisis further impacted by world geo-political events. We’ve adapted our approach in the way we’ve delivered our beneficiary support. We’ve taken the opportunity to step-up and refine how we deliver activities and services over the past year. We’ve also reset and adjusted our response to the need for a revised online charity fundraising context.

We’re very grateful for the magnificent support provided by all our funders this year (see www.freshvisions.org.uk).

Reserves Policy

We’ve operated to our 2021/22 reserves policy, summarised below.

Fresh Visions unrestricted reserves are directly controlled by the Trustees. No external body has the right to control these reserves, other than those statutory bodies that have over-riding rights under specific legislative provisions.

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Trustees’ report (continued)

Restricted reserves are to be used by the Charity in accordance with the conditions set by the donors of the funds. Should the Trustees believe these funds cannot be used in accordance with the conditions set, the donors should

be approached to ascertain whether a variation of condition is permitted, or whether the funds should be returned to the donor(s).

Trustees can approve the designation of unrestricted funds for charitable projects, activities and or charity central running costs when funding support from external bodies is not sufficient.

Unrestricted or designated funds are anticipated to be spent within 3 to 5 years of the date of receipt.

The general approach is to prioritise the use of unrestricted charity reserves to sustain existing or instigate new project activities to the direct benefit of the charity’s target beneficiaries.

Where the charity holds sufficient unrestricted reserve funds, a suitable level of project(s) reserve contingency funds should be held to protect the charity from cost risks liabilities in respect of project closure or failure. The assessment of project(s) contingency requirements undertaken on a project by project basis. The assessments allowing for any agreements or support arrangements in place between Fresh Visions Charity subsidiary and Optivo as the parent company. We’ll agree an annual schedule of projects‘ contingency reserve funds held. See annex A below.

The Charity notes and considers closely the balance in holding adequate contingency reserves while ensuring maximum available funds apply to create maximum support, activities and opportunities for beneficiaries.

Reserves project allocation will be determined by Trustees and approvals recorded at The Charity Board meetings. The details on allocated reserves funds, projects and activities will be set out in The Charity’s financial reports and management accounts. These are reviewed quarterly by the Board.

Annex A – Detail Projects contingency reserves funds

(To 31/3/22 or further review or project(s) completion).

The project contingency arrangements are to allow for project closure while ensuring casework completes for abuse survivors in our current caseload. It takes 6 months to complete and progress beneficiaries through activities. Contingency costs are assessed on a case load of 82 people and the costs for staff and activities to complete the committed programme. We do not take on new clients from the trigger point unless further project resources are secured. The next project review point is at 31/12/22.

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Structure, Governance and Management

The parent company, Optivo, is a registered society under the Cooperative and Community Benefit Society Act 2014, registered no. 7561. It is responsible for the strategic planning and direction of the Group and ensuring corporate services such as IT, finance, personnel and development meet members’ needs.

The Trustees are shown on page 2. All Trustees served throughout the year with the exception of Grace Alaneme who was appointed on 24 September 2021 and Sarah Morgan appointed 21 April 2022. Nick Stephenson resigned on 8 May 2022. The articles of association allow for at least one of the total number of Trustees to be elected by the parent.

The Fresh Visions People Limited’s governing document is the memorandum and articles of association. Other administrative and legal information is set out on page 2.

Risk Management

The Trustees make use of Optivo’s Procurement Appraisal Group (PAG) to help in identifying and mitigating contractual risks for the Charity. PAG is a multidisciplinary group ensuring group entities approach risk in a consistent and relevant manner, whilst recognising the particular needs of each individual company within the group. The Trustees examine major strategic and operational business risks faced by the Charity and can confirm systems and controls are in place to identify, minimise and mitigate risk.

Public Benefit disclosures

During the year ended 31 March 2022, Fresh Visions continued to undertake activities which meet its objectives, relating to those activities it considers necessary to address social exclusion. Further details of these activities are provided within the Objectives and Activities section of the Trustees’ report.

The Trustees have complied with the requirement to have due regard to the guidance issued by the Charity Commission in England & Wales in relation to public benefit under section 4 of the Charities Act 2011.

Trustees

Trustees are selected based on the skills they can bring to the Charity and their interest in and support of the Charity’s aims and objectives. New Trustees take part in an induction programme to familiarise themselves with the history of the Charity, with their responsibilities as Trustees, and with issues facing the Charity at the time of their appointment.

7

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Trustees’ report (continued)

Relationship with the parent company (Optivo)

The work of Fresh Visions is seen as a natural addition to the work of the other group members of Optivo. Fresh Visions is involved in areas of personal development and practical assistance for Optivo residents.

The parent provides support for Fresh Visions through its central services such as IT, finance and governance activities.

Payment of creditors

Creditors are paid within our credit terms of 30 days.

Fundraising

The Charity adopts a Fundraising Plan which includes a programme of charity promotion and fundraising events run by volunteer fundraisers. Progress reports are monitored and reviewed at quarterly Board meetings and in monthly reviews between the Charity Manager and fundraising volunteers.

Our current annual target is to secure £400k per annum with an approach primarily focused on foundation charity sector grant funding bids to support projects. This accounts for the majority of fundraising with additional new multiyear grants secured in year.

We rely on volunteer fundraising efforts without the charity retaining a paid fundraiser or commissioned fundraising agency. We receive some pro-bono support for fundraising bids and events from Optivo staff.

In planning fundraising activities and events, we issue pre-agreed guidance and project briefings to volunteer fundraisers. These reflect Charity Commission advice and include advice on using fundraising sites/tools like Just Giving. Fresh Visions operates within Optivo’s customer service and complaints framework. We received no formal complaints about fundraising in the last year.

Over the past year, we’ve fundraised via pre-planned and targeted online activities. We are not currently making direct appeals to the general public and hold an active register of donors and supporters.

We support vulnerable beneficiaries through our mission. The nature of our fundraising avoids any issues of unreasonable intrusion on a person’s privacy, unreasonably persistent approaches or undue pressure to give.

Trustees’ responsibilities

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with the applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Trustees’ report (continued)

incoming resources and application of resources, including the income and expenditure, of the charity for that period.

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

The Trustees are responsible for keeping adequate accounting records that show and explain the charity’s transactions, 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.

Going Concern

After reviewing the Charity’s budget for 2022/23 and cash forecasts for 12 months from the date of signing, the Trustees have a reasonable expectation the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the Charity’s financial statements.

In making this assessment the Trustees have made an assessment of the potential impact of the Covid-19 pandemic and war in Ukraine on the cashflows of the charity over the next 12 month period. The Trustees have considered the impact of additional downside scenarios with potential reduced income.

In making their assessment the Trustees have also considered the potential mitigations available to manage the potential impact on its cashflows and liquidity. Moreover, activities planned for 2022/23 and 2023/24 are funded from existing reserves and do not require external funding.

The Trustees have concluded, having assessed our plans, liquidity levels and mitigating actions available, there is reasonable expectation that the Charity has adequate resources to continue in operational existence for the next 12 months. For these reasons, they continue to adopt a going concern basis for the preparation of the Financial Statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the Charity was unable to continue as a going concern.

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Trustees’ report (continued)

Disclosure of information to auditors

The Trustees who held office at the date of approval of this Trustees’ report confirm, so far as they are each aware, there is no relevant audit information of which the Charity’s auditors are unaware; and each Trustee has taken all the steps he/ she ought to have taken as a trustee to make himself or herself aware of any relevant audit information and to establish the Charity’s auditors are aware of the information.

Auditors

A Resolution to re-appoint BDO LLP as auditors will be proposed at Optivo’s Annual General Meeting on 28 September 2022.

Advantage has been taken of the small companies’ exemption.

Signed on behalf of the Trustees on 25 July 2022.

Ralph Scott-Gordon Chair of Trustees

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

INDEPENDENT AUDITOR’S REPORT TO MEMBERS OF FRESH VISIONS PEOPLE LIMITED

Opinion on the financial statements

In our opinion, the financial statements:

We have audited the financial statements of The Fresh Visions People Limited (“the Charitable Company”) for the year ended 31 March 2022, which comprise the Statement of Financial Activities and Income and Expenditure Account, Balance Sheet, Statement of Cash Flows and Notes to the Accounts, 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 Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We remain independent of the Charitable Company in accordance with the ethical requirements 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.

Conclusions related 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 Charitable Company'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.

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

INDEPENDENT AUDITOR’S REPORT TO MEMBERS OF FRESH VISIONS PEOPLE LIMITED (CONTINUED)

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Trustee’s Report, other than the financial statements and our auditor’s report thereon. 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 there is a material misstatement in the financial statements 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.

Other Companies Act 2006 reporting

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

In the light of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Trustee’s report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion;

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

INDEPENDENT AUDITOR’S REPORT TO MEMBERS OF FRESH VISIONS PEOPLE LIMITED (CONTINUED)

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities, the Trustees (who are also the directors of the charitable company for the purposes 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 Charitable Company’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 the Companies Act 2006 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 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.

Extent to which the audit was capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

INDEPENDENT AUDITOR’S REPORT TO MEMBERS OF FRESH VISIONS PEOPLE LIMITED (CONTINUED)

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.

A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council’s (“FRC’s”) website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our 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 auditor’s 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, the Charitable Company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Elizabeth Kulczycki (Senior Statutory Auditor) For and on behalf of BDO LLP, statutory auditor Gatwick Date 29 July 2022

BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127).

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Statement of Financial Activities and Income and Expenditure Account for the year ended 31 March 2022

Income and Expenditure
Note
Income from:
Income
Donations and legacies
3
Charitable activities
4
Investments
5
Other
Total
Expenditure on:
Raising funds
6
Charitable activities
6
Other expenditure
6
Total
Net income / (expenditure)
Transfers between funds
Receipt of capital
contribution from parent
Net movement in funds
Reconciliation of funds:
Total funds brought forward
13
Total funds carried
forward
13		 Unrestricted funds Subtotal
Restricted
Total
Total
General
Designated
Unrestricted
funds
funds
funds
Year ended
Year ended
Year ended
Year ended
Year ended
Year ended
31 March
2022
31 March
2022
31 March
2022
31 March
2022
31 March
2022
31 March
2021

£
£
£
£
£
£
56,024
8,000
64,024
128,334
192,358
515,983
-
-
-
-
-
7,157
3,676
-
3,676
-
3,676
2,957
-
-
-
-
-
2,100
59,700
8,000
67,700
128,334
196,034
528,197
8,370
-
8,370
-
8,370
3,749
-
285,211
285,211
152,590
437,801
335,869
2,114
-
2,114
-
2,114
3,529
10,484
285,211
295,695
152,590
448,285
343,147
49,216
(277,211)
(227,995)
(24,256)
(252,251)
185,050
(106,995)
106,995
-
-
-
-
250,000
250,000
250,000
-
(57,779)
79,784
22,005
(24,256)
(2,251)
185,050
106,440
617,977
724,417
46,395
770,812
585,762
48,661
697,761
746,422
22,139
768,561
770,812

All Fresh Visions People Limited’s activities are continuing. There are no recognised surpluses or deficits other than those above and therefore no separate statement of recognised surpluses and deficits has been presented. The notes on pages 19 to 28 form part of these accounts.

15

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Statement of Financial Activities and Income and Expenditure Account for the year ended 31 March 2021

Income and Expenditure
Note
Income from:
Income
Donations and legacies
3
Charitable activities
4
Investments
5
Other
Total
Expenditure on:
Raising funds
6
Charitable activities
6
Other expenditure
6
Total
Net income / (expenditure)
Transfers between funds
Net movement in funds:
Reconciliation of funds:
Total funds brought forward
13
Total funds carried
forward
13		 Unrestricted funds
Subtotal
Restricted
Total
Total
General
Designated
Unrestricted
funds
funds
funds
Year ended
Year ended
Year ended
Year ended
Year ended
Year ended
31 March
2021
31 March
2021
31 March 2021
31 March
2021
31 March
2021
31 March
2020
£
£
£
£
£
£
311,035
9,356
320,391
195,592
515,983
415,873
-
7,157
7,157
-
7,157
91,414
2,957
-
2,957
-
2,957
2,823
-
2,100
2,100
-
2,100
5,220
313,992
18,613
332,605
195,592
528,197
515,330
3,749
-
3,749
-
3,749
5,172
161,249
161,249
174,620
335,869
451,771
3,529
-
3,529
-
3,529
2,361
7,278
161,249
168,527
174,620
343,147
459,304
306,714
(142,636)
164,078
20,972
185,050
56,026
(241,500)
241,500
-
-
-
-
65,214
98,864
164,078
20,972
185,050
56,026
41,226
519,113560,339
25,423
585,762
529,736
106,440
617,977
724,417
46,395
770,812
585,762

All Fresh Visions People Limited’s activities are continuing. There are no recognised surpluses or deficits other than those above and therefore no separate statement of recognised surpluses and deficits has been presented. The notes on pages 19 to 28 form part of these accounts.

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Balance sheet at 31 March 2022

Note
Current Assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11

Net Current Assets
Total Net Assets
The funds of the charity:
Unrestricted Funds – General
13
Unrestricted Funds – Designated
14
Restricted Funds
15
Total Funds		 2022
£
769,051
-
769,051

(490)

768,561

768,561




48,661
697,761
746,422
22,139

768,561		 2021
£
774,193
-
774,193
(3,381)
770,812
770,812
106,440
617,977
724,417
46,395
770,812

The financial statements on pages 15 to 28 were approved and authorised for issue by the Trustees and signed on 25 July 2022 on its behalf by:

Ralph Scott-Gordon Chair of Trustees

Alison Wignall Secretary

Registered Charity number: 1091627 Company number: 04155343

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Statement of Cash Flows for the year ended 31 March 2022

Notes
Cash flows from operating
activities
(Deficit)/Surplus for the
financial year
Adjustments for:
Interest received
5
Decrease/(Increase) in trade
and other debtors
10
(Decrease) in trade creditors
11
Net cash used in operating
activities
Cash flow from investing
activities
Capital contribution from
parent
Interest received
5
Net cash from investing
activities
Net (decrease) in cash and
cash equivalents
Cash and cash equivalents
at beginning of year
Cash and cash
equivalents at end of year		 2022

£
(252,251)
(3,676)
5,142
(2,891)

(253,676)
250,000
3,676
253,676
-
-
-		 2021
£
185,050
(2,957)
(176,377)
(8,673)
(2,957)
2,957
2,957
-
-
-

The notes on page 19 to 28 form part of these financial statements. As the charity has no external debt or cash there’s no net debt reconciliation note.

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DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022

1 Principal Accounting Policies

The Fresh Visions People Limited is a private company, limited by guarantee and incorporated in the UK. Company number 04155343. It is also a registered charity, number 1091627.

The financial statements have been prepared in accordance with applicable Accounting Standards, the Companies Act 2006, the Financial Reporting Standard 102 applicable in the UK and Republic of Ireland (FRS102) and the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2015).

The following accounting policies have been applied consistently in relation to the financial statements:

Basis of Accounting

The financial statements have been prepared under the historical cost convention.

Going Concern

After reviewing the Charity’s budget for 2022/23 and cash forecasts for 12 months from the date of signing, the Trustees have a reasonable expectation the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the Charity’s financial statements.

In making this assessment the Trustees have made an assessment of the potential impact of the Covid-19 pandemic and the war in Ukraine on the cashflows of the charity over the next 12 month period. The Trustees have considered the impact of additional downside scenarios with potential reduced income.

In making their assessment the Trustees have also considered the potential mitigations available to manage the potential impact on its cashflows and liquidity. The potential mitigation for the charity includes reduced expenditure as project delivery is adapted to social distancing. Moreover, activities planned for 2022/23 and 2023/24 are funded from existing reserves and secured external funding.

The Trustees have concluded that whilst the potential impact of the Covid-19 pandemic and the war in the Ukraine presents current uncertainty, having assessed our plans, liquidity levels and mitigating actions available there is reasonable expectation that the Charity has adequate resources to continue in operational existence for the next 12 months. For these reasons, they continue to adopt a going concern basis for the preparation of the Financial Statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the Charity was unable to continue as a going concern.

19

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

Income

Grant and donation income is recorded when received which is the same period that the income relates to with minimal, highly material amounts needing accrual or deferral and as such income is not accrued or deferred.

Donation income represents monies received by the Charity from charitable donations and fundraising events. Grant income is received from Trusts, Government Bodies and other charities.

Corporation Tax and Deferred Taxation

The Charity is not liable for Corporation Tax on its charitable activities.

Value Added Tax

The Group is partially exempt from VAT. Expenditure is shown gross and any VAT recovered is included in sundry income.

Reserves

eserves
Restricted
Designated
General (Free)
TOTAL		 31 March
2022
£
22,139
697,761
48,661
768,561		 31 March
2021
£
46,395
617,977
106,440
770,812

At 31 March 2022 total reserves were £768,561 (2021: £770,812) and of this £697,761 (2021: £617,977) relates to designated reserves. The designated reserves are held to fund specific active projects, as are the restricted reserves of £22,139.

The general fund is retained to cover general risks and unforeseen circumstances. The Trustees believe the year end general reserve balance of £48,661 is adequate to meet this requirement given the level of general funds designated to specific projects.

Categorisation of costs

Charitable expenditure represents grants payable and costs of activities in furtherance of the Charity’s objectives. Fundraising costs represent the direct costs of fundraising. Other expenditure represents the costs associated with Trustees’ meetings, legal advice, internal and external audits and general governance matters. Support costs represent charges for financial, IT, other administrative support services from the parent company and other costs that cannot be directly attributed to the categories above. These costs are allocated within the financial statements to direct charitable expenditure, fundraising costs, and other expenditure based on the levels of total expenditure in each of these prime categories.

20

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

2
Net income
Net income for the year is stated after charging:
Lease payments
3
Donations and legacy income
2022
2022
Unrestricted
Restricted
£
£
Grant income
8,000
128,334
Gift aid
66
-
Donations
55,958
-
64,024
128,334
4
Income from charitable activities
Furniture sales
Scrap metal sales
Other
5
Investment income
Bank interest received





2022
£
-

2022
Total

£

136,334

66
55,958
192,358
2022
£
-
-
-
-
2022
£
3,676		 2022
£
-

2022
Total

£

136,334

66
55,958
192,358
2022
£
-
-
-
-
2022
£
3,676		 2021
£
14,856
2021
Total
£
204,592
241,821
69,570
515,983
2022
£
-
-
-
-
2022
£
3,676		 2021
£
6,620
-
537
7,157
2021
£
2,957

21

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

6 Expenditure during the year ended 31 March 2022

Expenditure on:
Raising funds
Charitable activities:
Neighbourhood Furniture Store
Thrive Counselling
Thrive Counselling – Child Counsellor
Build Yourself
Motivate Health
Digital Fundraising Support
Motivate South London
Older Vulnerable Residents Fund
Hardship Fund
Local Residents Action Group
Other expenditure		 Direct staff costs
£

-
-
151,725
42,504
36,674
57,321
10,620
55,735
-
-
-
354,579
-

354,579		 Direct other
costs
£

-
-
9,007
3,169
21,876
11,666
215
23,370
3,321
2,422
8,176
83,222
-

83,222		 Support
costs
£

8,370
-
-
-
-
-
-
-
-
-
-
-
2,114

10,484		 Total
2022
£

8,370
-
160,732
45,673
58,550
68,987
10,835
79,105
3,321
2,422
8,176
437,801

2,114
**448,285 **		 Total
2021
£
3,749
48,349
148,590
32,813
31,280
73,671
1,166
-
-
-
-
335,869
3,529
343,147

22

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

7 Other expenditure

Auditors' remuneration
Other services		 2022
£
1,845
269
2,114		 2021
£
1,800
1,729
3,529

8 Trustees’ emoluments and expenses

The Trustees, who are also Directors for Companies Act purposes, received no remuneration during the year to 31 March 2022 (2021: £nil). Any expenses reimbursed are borne by the parent. There were no expenses (2021: £nil) paid to any Trustees in the year in respect of the performance of their duties as Trustee.

9 Employee information

No employees are directly employed by Fresh Visions. The following charges have been made by Optivo based on the time spent by each of its employees on the activities of Fresh Visions.

Direct staff costs recharge 2022
£
354,579		 2021
£
291,783

23

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

10
Debtors
2022
£

Trade debtors
30,333
Amounts owed by parent undertaking
738,718
Other debtors
-
769,051
11
Creditors: amounts due within one year
2022
£
Other creditors and accruals
490
490
12
Analysis of net assets by fund
Restricted
Unrestricted
Total
fund
fund
2022
2022
2022
£
£
£


Current assets
Debtors
22,139
746,912
769,051
Cash at bank and in hand
-
-
-
22,139
746,912
769,051
Creditors: amounts falling
due within one year
-
(490)
(490)
Net current assets
22,139
746,422
768,561
Net assets
22,139
746,422
768,561		 2021
£
7.500
756,365
10,328
774,193
2021
£
3,381
3,381
Total
2021
£
774,193
-
774,193
(3,381)
770,812
770,812

24

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

12 Analysis of net assets by fund (continued)

Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling
due within one year
Net current assets
Net assets		 Restricted
fund
2021
£
46,395
-
46,395
-
46,395
46,395		 Unrestricted
fund
2021
£
727,798
-
727,798
(3,381)
724,417
724,417		 Total
2021
£
774,193
-
774,193
(3,381)
770,812
770,812		 Total
2020
£
597,816
-
597,816
(12,054)
585,762
585,762

25

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

13 Analysis of funds

Unrestricted - General Fund
Unrestricted - Designated Funds
Restricted Funds		 Balance at
1 April
2021
£

106,440
617,977
46,395
770,812		 Capital
contribution
from parent
£
-
250,000
-
250,000		 Income
£

59,700
8,000
128,334
196,034		 Expenditure
£
(10,484)
(285,211)
(152,590)
(448,285)		 Transfer
£
(106,995)
106,995
-
-		 Balance at
31 March
2022
£
48,661
697,761
22,139
768,561

14 Analysis of designated funds

Neighbourhood Furniture Store
Build Yourself
Thrive Counselling
Motivate Health
Motivate South London
Digital Fundraising Support
Older Vulnerable Residents Fund
Hardship Fund
Local Resident Action Group
Sounding Board		 Balance at
1 April
2021
£
3,930
113,626
160,662
134,523
95,000
30,236
40,000
40,000
-
-
617,977		 Capital
Contribution
from parent
£
-
40,000
100,000
60,000
20,000
-
30,000
-
-
-
250,000		 Income
£
-
8,000
-
-
-
-
-
-
-
8,000		 Expenditure
£
-
(46,223)
(75,848)
(59,281)
(79,105)
(10,835)
(3,321)
(2,422)
(8,176)
(285,211)		 Transfer
£
(3,930)
35,925
10,000
-
30,000
10,000
-
-
20,000
5,000
106,995		 Balance at
31 March
2022
£

-

151,328

194,814

135,242

65,895

29,401

66,679

37,578

11,824
5,000
697,761

26

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

14 Analysis of designated funds (continued)

A description of the designated funds and the reasons for holding these funds is set out in the Trustees’ report. All designated funds are unrestricted and available for use at the discretion of the Trustees. The designated funds have been created to allow for planning and budgetary control of certain projects undertaken by the charity. Some of the projects also have restricted funds attributable and these are set out in note 15.

15 Analysis of restricted funds

Thrive Counselling – Children in Need
Thrive – Police Crime Commissioner
Thrive Counselling - Countryside
Thrive Counselling – Colyer Fergusson
Thrive Counselling – Garfield Weston
Thrive Counselling – Medway CC
Motivate Health – SEC
Motivate Health – ES CCG
Motivate Health – Hastings Voluntary
Action
Build Yourself Swale – DWP
Total		 Balance at
1 April 2021
£
-
-
4,180
9,436
25,000
-
-
-
7,779
-
46,395		 Income
£
37,474
22,263
-
15,000
-
20,000
10,000
2,600
-
20,997
128,334		 Expenditure

£

(37,474)

(22,263)

(1,383)

(24,436)

(25,000)
(20,000)
(3,908)
-
(5,799)
(12,327)
(152,590)		 Transfer
£

-

-

-

-

-

-

-

-
-
-		 Balance at
31 March 2022
£
-
-
2,797
-
-
-
6,092
2,600
1,980
8,670
22,139

A description of the restricted funds and the reasons for holding these funds is set out in the Trustees’ report.

27

DocuSign Envelope ID: B9A960CB-D676-417E-88AA-98C4093E9E75

The Fresh Visions People Limited

Notes to the Accounts for the year ended 31 March 2022 (continued)

16 Related parties

The Company is a wholly owned subsidiary of Optivo.

Optivo provides central management services to the Charity relating to finance, technology, human resources and governance costs.

In 2021 the Charity provided removal services and furniture and equipment to Optivo.

The amounts charged and received are as follows:

e amounts charged and received are as follows:
2022 2021
£ £
Central management service costs 3,000 3,000
Removal services, furniture and equipment - (465)

The direct staff costs recharge is explained in note 9. There are no amounts due at year end in respect of related party transactions. All transactions relate to Optivo. No other related party transactions have been identified.

17 Legislative provision

The Charity is limited by guarantee, and therefore has no share capital.

18 Ultimate parent undertaking

Fresh Visions is a subsidiary of Optivo which is the ultimate parent company incorporated in the UK and registered in England as a Co-operative and Community Benefit Society (No. 7561). Optivo is the ultimate parent undertaking by virtue of holding all shares in the company.

The largest and smallest group in which the results of Fresh Visions are consolidated is that headed by Optivo, incorporated in England. The consolidated accounts of Optivo are available to the public and may be obtained from Grosvenor House, 125 High Street, Croydon, Surrey CR0 9XP. No other group accounts include the results of Fresh Visions.

28