OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

REGISTERED COMPANY NUMBER: 07633773 (England and Wales) REGISTERED CHARITY NUMBER: 1142532

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020 FOR

POSITIVE VIEW FOUNDATION

Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ 

POSITIVE VIEW FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

Page Page Page
Reference and Administrative Details 1
Chairman's Report 2020 2 to 3
Report of the Trustees 4 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 22

Members of the board and professional advisors.

Principal Office

29 Park Avenue Dover Kent CT16 1ES

Registered Office As above Web www.positiveview.org.uk Directors / Trustees Ed Hall Chair – Appointed Nov.2020 Victor Benady Julia Cole Alice Gur-Arie Francesca Wilson Chair – Retired Nov.2020 Mike Taylor Appointed February 2021 Simon Bainbridge Appointed February 2021

Chief Executive Andrew Page Patron Lord Somerleyton Bankers Barclays 1 Churchill Place London E14 5HP Legal Advisors Freeths LLP 1 Vine Street Mayfair London W1J OAH

Independent Examiner Gibbons Mannington & Phipps LLP Landgate Chambers Rye East Sussex TN31 7LJ

1

Chairman’s Statement 2020

Launched in 2012, the Positive View Foundation is a unique charity that invests in our nation’s future generations, supporting the most disadvantaged 16-25 year olds living on estates in Inner London's most challenging boroughs. Most are experiencing the negative consequences of early life challenges - growing up in care, long-term unemployed households, and complex family backgrounds which result in teenage mental health issues.

Positive View’s innovative, and highly effective, Youth Empowerment Programme uses photography and 1 to 1 mentoring to successfully lead these highly vulnerable young adults into further education, training, employment, or community voluntary work – and out of a vicious circle of family disintegration, gang violence, crime, and drugs.

A change to our Financial Year.

This one-off 18-month financial period has run from 1 July 2019 to 31st December 2020 - bringing it in line with our annual Programme year that runs from 1[st] January annually.

Supported by The Royal Photographic Society.

I am delighted to announce that during January 2020 Positive View was honoured by the The Royal Photographic Society formally announcing its partnership support of the Positive View Foundation.

“Our support of Positive View is a way of demonstrating our view that photography can be used for the public benefit. In this case, taking photography into the community as a tool to successfully transform the lives of disadvantaged young people.

Covid-19, and how it has affected us .

2020 has been a year like no other. But despite the challenges this year has brought us we have been able to continue to work tirelessly delivering life changing projects for deprived young people – especially those increasing numbers who have been suffering from mental health issues.

Our resilience, inventiveness and compassion has enabled us to create and launch a unique UK-wide digital/online photography project that attracted over 1.7m social media openings, and 3,524 submissions to our ‘Lockdown: Taking a positive view’ youth photography competition – which received high levels of media interest on BBC TV News, national press media and social platforms.

Continued …………

2

The unexpected and high profile success of this project has had an amazing impact on the lives of the young people who participated – summed up in just one of the many quotes we received from them: “ My name is Emily, I am 22 years old. As a recent graduate, a lot of my life has been put on hold and unfortunately, a lot of my plans for my future are drifting away. My 5 images just purely focus on my mental state after returning home from university and the struggles I have faced internally. Being someone who struggles with mental health-related problems, I have found my self-portrait photographs can not only show how I'm feeling but also allow myself to fully explore my emotions and understand myself better during this difficult time.” – Emily.

This success has led to Positive View continuing with this vital digital/online project which will see the launch of: ‘ Westminster: Youth Photography Awards ’ during January 2021; and the ‘ UK Youth Photography Awards ’ during May 2021; – each lasting six months, and culminating with a public exhibition.

Positive View, delivering Positive Outcomes.

The Positive View 10-week face-to-face, ‘Youth Empowerment Programme’ will restart as soon as the youth organizations and youth estates we partner are safe to re-open after Lockdown.

Our current Impact Report demonstrates over 90% course retention – whilst successfully building confidence, self worth, well being, and future independence for the young people who we support in Inner London.

100% of those who joined the course have no perspective on what their future life will become. However, at the end of their programme our Impact Report shows: over 63% moved into further training, apprenticeships of permanent employment. A further 18% were referred on to our Follow-On partners who develop and deliver their long-term Personal Action Plans.

These impressive positive outcomes have enabled our Trustees to launch the next three-year Strategic Plan which requires Positive View to at least double its income during 2021/22 – when we plan to deliver our programme on a second deprived Inner-London borough.

At the same time the Trustees have agreed growth out of London, with the Youth Empowerment Programme being launched in SE Kent (Dover and Folkestone) during May 2021.

I would like to take this opportunity to thank our many highly valued funders, trustees, stakeholders, ambassadors, pro-bono project tutors and gallery arts and community partners for their invaluable and generous contributions and philanthropic support.

I look forward to working with my colleagues to take Positive View Foundation on to the next level of our challenging and unique journey.

Ed Hall, Chairman.

3

Directors’ Report 2020.

The Directors present their annual report and financial statements of the charitable company for the year ended 31 December 2020.

1. Structure, Governance and Management.

The company is a registered charity (England and Wales); number 1142532. The full name of the charity is Positive View Foundation and it is governed by its Memorandum and Articles of Association dated May 2011. There are currently five Directors/Trustees forming the members of the Board, supported by two Advisors to the Board.

During February 2021 the Board will be increased to seven. During November 2020 Francesca Wilson resigned as Chair and Ed Hall was appointed Interim Chairman.

New Directors/Trustees are recruited through existing trustees, supporters of Positive View and professional connections. They are initially interviewed by the Chairman and Chief Executive to identify the experience and expertise they can bring to the charity. The Chairman will then put forward potential new trustees to the Board for consideration.

The Founder and Chief Executive, Andrew Page, manages the charity on a day-today basis. The Trustees approve the annual strategy and budget; arts Youth Empowerment Programme ; and spend programme whilst appraising funding initiatives.

Details of Directors who served during the period are shown on page 1 of the accounts.

2. Objectives and activities.

Launched in April 2012, the Positive View cultural and creative arts programme transforms deprived young lives. Positive View supports the most vulnerable young people aged 16-25 living on the poorest Inner-London estates with the highest levels of socio economic deprivation.

By utilizing photography and film in innovative participatory ways, young people – more used to crime, gang culture, violence, unemployment and alienation – are able to build a positive future that leads them onto further training, positive community participation and the pathway to employment.

Our overall aim continues to be pioneering, significant, celebrated, lifechanging, transparent and accountable. By constantly measuring ourselves against these values, we ensure our approaches are consistent with who we are and how we wish to be seen by others.

3. Achievements and Performance.

In pursuance of our main objectives, the Positive View ‘Youth Empowerment Programme’ was launched at Christie’s during May 2013.

4

We tested a pilot of the Positive View ‘Youth Empowerment Programme; and achieved highly impressive outcomes which further guided the development of our current capacity building programme. This original estate-based project, using photography and film, was developed and piloted in partnership with one hundred and sixty 16-25 year-olds existing on London’s second most disaffected estate – the Somerleyton estate, in the London Borough of Lambeth.

The young people participating in the pilot each benefitted from one of sixteen projects over a 20-month period – involving themselves with Positive View to help design, develop and pilot a highly effective culture and creative arts project that is: engaging, skills development based; and relevant to estate participants’ lifestyles.

The final outcome demonstrated major success with over 85% course retention, successfully building confidence, self worth. Mental health; and future independence.

During 2019 – 2020, we continued to deliver our projects in Lambeth whilst developing further our partnerships with young people living in Westminster, who were referred to Positive View by: eight youth clubs; estates; and youth organizations spread from North to South of the borough.

The Trustees aim, with new additional funding, is to spread our work further across Inner-London by working with one additional borough annually – for example, Hackney, Newham and Tower Hamlets.

4. The effect of Covid-19 and Lockdown on our work.

From Spring 2020, and like the majority of charities across the UK, we had to close our face-to-face ‘ Youth Empowerment Programme’ owing to Covid-19 Lockdown and the resulting closure of all estate youth clubs and youth organisations.

This period required the Trustees to identify, explore and test alternative ways of continuing to support vulnerable young people across Westminster – the majority of whom were becoming badly affected with stress and mental health issues.

With the guidance and support of emergency grants from The Arts Council and the Young Westminster Foundation, Positive View was able to switch its normal faceto-face ‘empowerment’ programme to an online/digital project entitled “Lockdown: Taking a positive view”.

During January 2021, our partners, the Royal Photographic Society published: “If the pandemic has proved challenging for young people – horizons narrowing during months of uncertainty, just when they should be broadening – many have responded with innovation and creativity. You need only look at the results of the photographic youth photography competition ‘Lockdown: Taking a positive View’ which ran for five months on social media, offering young people across the UK an outlet for constructive self-expression. After a social media campaign that attracted more than 1,700,000 openings, 3,500 young people from across the country each submitted a portfolio of five images representing their positive take on the experiences of lockdown.

5

The final result. Positive View is now launching its annual “UK Youth Photography Awards” supported by the Arts Council and the Royal Photographic Society. These unique youth photography awards will become an important voice for vulnerable young people, which will culminate annually with a public curated London exhibition”.

In future, and once Lockdown is over, this digital/online programme will complement and run alongside Positive View’s face-to-face ‘ Youth Empowerment Programme’ .

5. Building the financial base.

Trustees have revisited the operational and fundraising strategies to focus on building our financial position - especially during these tough and challenging times.

Income will continue to be focused on our capacity building programme - especially our current programmes in London’s Westminster. In addition, and with additional identified income, we aim to launch new projects on estates in Hackney, Tower Hamlets and Newham.

Additionally, during May 2021, we are launching our first project outside of London in SE Kent, initially focusing on Dover and Folkestone.

To date, Positive View fundraising strategy has been focusing on attracting partnership support from Trusts and Foundations. However, this will change during January 2021 with the appointment of our first Corporate Partnership Director and our first Director of Philanthropy – the aim being to double our income annually for each of the coming five years.

We thank all our supporters for their generosity and continuing support of Positive View – and especially for their continuing support of our highly regarded Youth Empowerment Programme .

Finally, the success of our unique and innovative programme, and the delivery of our future dreams and ambitions, would not be realised without the commitment and support of our Trustees, Advisers, Board, Operational Partners, Employees, Volunteers, and the young people we support.

During 2019/2020 we are proud to have received continuing and growing support from:

Arts Council England The Sackler Trust John Lyon’s Charity Young Westminster Foundation Westminster Foundation The Marchus Trust London Community Foundation London Community Response Fund

And in SE Kent, where we launch in Dover and Folkestone during May 2021: Kent Community Foundation Port of Dover Community Fund Kent County Council

6

6. Our Philanthropic Partnership Programme.

As a small charitable organization – with limited, but growing income – we are committed to the further development of our Philanthropic Partnership Programme which sees a growing number of London art galleries, professional photographers, and community arts organisations supporting the Positive View Youth Empowerment Programme philanthropically.

Youth Empowerment Ambassadors who act as our pro-bono Course Tutors:

Miles Aldridge Susan Derges Alice Gur-Arie Andrew McGovern Martin Parr Simon Roberts David Sims Tessa Traeger

Gallery Partnerships who provide pro-bono curatorial seminars and arts workshops:

Tate Modern The Barbican Gallery The Hayward Gallery The National Portrait Gallery The Photographers’ Gallery

Philanthropic Partners who donate their professional services:

Freeths LLP, our legal advisors Liebermann Lampe, our web designers/consultants Olympus, our course cameras Royal Photographic Society, brand and photographic advisors

7. Making the arts accessible.

Positive View is fully committed to ensuring that the cultural and visual arts are more accessible to both vulnerable young people, and indeed new public audiences. Our unique artistic output not only benefits and changes the lives of heavily disadvantaged young people, but opens their work up to the general public through our: annual public exhibition; and virtual/digital curated online exhibitions which feature our young people’s photographic works.

8. A Positive View Limited, trading company.

A Positive View Limited is Positive View Foundation’s trading company responsible for staging our major fundraising events. The Trustees have agreed that for the foreseeable future the company will not be staging fundraising events - and therefore A Positive View Limited is currently registered as dormant.

7

9. Statement of Public Benefit.

The Directors’ confirm that they have referred to the Charity Commission’s general guidance on public benefit when reviewing the company’s aims and objectives, and in planning future activities.

Each Spring, Positive View publishes its Annual Impact Report that sets out the activities the charity has undertaken during the previous year of public benefit. This follows the Charity Commission’s guidance on how to effectively demonstrate the positive changes achieved by the deprived and vulnerable young people who Positive View supports through the delivery of its Youth Empowerment Programme .

Evaluation and Monitoring forms a critical aspect of each project that is delivered. This is undertaken at the beginning, middle and end stage of each ten-week programme – measuring the positive changes delivered to, and achieved by, each participant and project.

Copies of Impact Reports are available to all Positive View stakeholders including: programme participants; funders; strategic partners; Patrons; Trustees and Ambassadors; and members of the public.

10. Inventory.

The Positive View inventory is a portfolio of signed, limited edition, photographic prints, donated to Positive View by many of the world’s leading and most highly acclaimed photographers. The portfolio was last valued by Christies at £64,250.

The Board made the decision during April 2020 to attempt to sell all these works by the end of 2021, with income being used to support additional young people through our Youth Empowerment Programme .

11. Reserves Policy.

The total unrestricted reserves at the end of the year were £96,819. These reserves comprise of £31,863 held as general funds and £64,956 held as designated funds, representing the fixed asset investments of photographs valued at that sum.

The Trustees have given consideration to the level of reserves required by the charity. They have concluded that it would be prudent to hold general funds equivalent to six months running costs, given that the majority of the expenditure of the charity is covered by restricted funds received. This would amount to £30,000 and is covered by the general fund.

12. Risk Management.

The major risks to which the charity is exposed, as identified by the Trustees, have been regularly reviewed at Trustee meetings.

Regular Board Meetings have discussed risk management where systems have been established to help manage those risks.

8

13. Directors’ Responsibilities.

The Directors are required by Company Law to prepare financial statements of each financial year that give a true and fair view of the state of affairs of the company and of the result of the company for that period.

In preparing these financial statements, the directors have:

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 it is ensure that the financial statements comply with the Companies Act 2006. The Directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In determining how accounts are presented within items in the income and expenditure account and balance sheet, the directors have had regard to the substance of the reported transaction or arrangement, in accordance with generally accepted accounting principles or practice.

This report has been prepared in accordance with the Statement of Recommended Practise Accounting and Reporting by Charities and in accordance with the special provision of Section 415A of the Companies Act 2006 relating to small companies.

Approved by the Board of Directors on 15 March 2021 and signed on their behalf by:

Ed Hall. Chairman.

9 

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
POSITIVE VIEW FOUNDATION

Independent examiner's report to the trustees of Positive View Foundation ('the Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyforthe period
1 July 2019 to 31 December 2020.

Responsibilities and basis of report

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b)of the 2011 Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

Mr Keith M Luck FCA
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

22 March 2021 Date: ............................................. 

Page 10

POSITIVE VIEW FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
53,541
EXPENDITURE ON
Raising funds
3
18,432
Charitable activities
4
Youth Empowerment Project
18,302
Total
36,734
NET INCOME
16,807
Transfers between funds
14
4,995
Net movement in funds
21,802
RECONCILIATION OF FUNDS
Total funds brought forward
75,017
TOTAL FUNDS CARRIED FORWARD
96,819		 Restricted
funds
£
125,145
-
117,046
117,046
8,099
(4,995)
3,104
18,282
21,386		 Period
1/7/19
to
Year Ended
31/12/20
30/6/19
Total
Total
funds
funds
£
£
178,686
130,093
18,432
18,570
135,348
82,478
153,780
101,048
24,906
29,045
-
-
24,906
29,045
93,299
64,254
118,205
93,299		 Period
1/7/19
to
Year Ended
31/12/20
30/6/19
Total
Total
funds
funds
£
£
178,686
130,093
18,432
18,570
135,348
82,478
153,780
101,048
24,906
29,045
-
-
24,906
29,045
93,299
64,254
118,205
93,299
101,048
29,045
-
29,045
64,254
93,299 
The notes form part of these financial statements

Page 11

POSITIVE VIEW FOUNDATION

BALANCE SHEET

31 DECEMBER 2020

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
706
Investments
10
64,250
64,956
CURRENT ASSETS
Stocks
11
-
Debtors
12
152
Cash at bank and in hand
34,048
34,200
CREDITORS
Amounts falling due within one year
13
(2,337)
NET CURRENT ASSETS
31,863
TOTAL ASSETS LESS CURRENT
LIABILITIES
96,819
NET ASSETS
96,819
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
21,386
21,386
-
21,386
21,386
21,386		 2020
Total
funds
£
706
64,250
64,956
-
152
55,434
55,586
(2,337)
53,249
118,205
118,205
96,819
21,386
118,205		 2019
Total
funds
£
3,064
-
3,064
64,250
1,752
26,500
92,502
(2,267)
90,235
93,299
93,299
75,017
18,282
93,299		 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the period ended 31 December 2020.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe period
ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

POSITIVE VIEW FOUNDATION

BALANCE SHEET - continued 31 DECEMBER 2020

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 March 2021 ............................................. and were signed on its behalf by:

Ed Hall

Trustee

The notes form part of these financial statements

Page 13

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

Income has been credited to the Statement of Financial Activities on the following basis:

-Donations and grants as receivable

-Interest on an accruals basis

-Donated Images and Photographs have been valued at the directors' valuation.

Allocation of overheads

Theoverheadsofthecompanyaredirectlyattributedwherepossibletotherelevant activities.
Whereexpenditurecannotbeattributedspecifically,thisisapportionedbetweenactivities based
on usage.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

The costs have been allocated as follows:

1)Directorsremunerationonthebasisofincomeashespendsthemajorityofhistime on
fundraising.

2)Remainingsalary(whichrelatestotheworkdonebytheprojectmanagerpriortothe project)
to the projects on the basis of their direct costs.

3)Overheads on the basis of allocated directors remuneration and salaries.

Tangible fixed assets

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Computer equipment- Straight line over 3 years

Assets with a cost of £400 or more are capitalised.

Fixed asset investments/stocks

Archiveofdonatedphotographsforlatersalearevaluedatthedirector'svaluationafter taking
appropriate professional advice.

Duringtheyearthetrusteestransferredthevalueofthedonatedphotographsfromstockto fixed
assetinvestmentstoreflectthetrusteesintentiontokeepthemuntilsuchtimesastheycan be
sold to realise their full potential value.

continued...

Page 14

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

1. ACCOUNTING POLICIES - continued

Fixed asset investments/stocks

Anyimpairmentsinthevalueoftheitemsarechargedagainstdesignatedfundsintheyear that
impairments in value are identified, as are any gains or losses from the sale thereof.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
directors.trustees

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

Hire purchase and leasing commitments

RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitieson a
straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in
the period to which they relate.

Donated services

Photographersandotherprofessionalconsultantshaveprovidedtheirphotography and
professional services pro bono by supporting the Youth Empowerment Project as volunteer tutors.

Subsidiary charitable trading company

APositiveViewLimitedisthetradingarmofPositiveViewFoundation.APositiveViewLimited did
nottradeforthepreceding4yearsended30June2020andisnowregisteredasa dormant
company.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
Donated services and facilities		 Period
1/7/19
to
Year Ended
31/12/20
30/6/19
£
£
346
35,094
(1,250)
-
152,890
57,999
26,700
37,000
178,686
130,093		 
continued...

Page 15

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020
2.
DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
Government furlough scheme grants
Non government grants
3.
RAISING FUNDS
Raising donations and legacies
Staff costs
4.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Youth Empowerment Project
68,666
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Independent examination
Other accountancy services
Depreciation - owned
assets Other operating
leases		 Period
1/7/19
to
Year Ended
31/12/20
30/6/19
£
£
17,329
-
135,561
57,999
152,890
57,999
Period
1/7/19
to
Year Ended
31/12/20
30/6/19
£
£
18,432
18,570
Support
costs
Totals
£
£
66,682
135,348
Period
1/7/19
to
Year Ended
31/12/20
30/6/19
£
£
2,472
2,000
2,716
1,836
2,358
1,655		 
continued...

Page 16

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

6. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheperiodended31December 2020
nor for the year ended 30 June 2019.

Trustees' expenses

Therewerenotrustees'expensespaidfortheperiodended31December2020norforthe year
ended 30 June 2019.

7. STAFF COSTS

STAFF COSTS
Period
1/7/19
to Year Ended
31/12/20 30/6/19
£ £
Wages and salaries 71,022 38,232
Social security costs 1,101 338
Other pension costs 900 450
73,023 39,020 
The average monthly number of employees during the period was as follows:
Period
1/7/19
to Year Ended
31/12/20 30/6/19
CEO 1 1
Programme Empowerment Executive 1 1
2 2 
No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
58,093
EXPENDITURE ON
Raising funds
4,499
Charitable activities
Youth Empowerment Project
7,316
Total
11,815
NET INCOME/(EXPENDITURE)
46,278
Transfers between funds
(21,454)
Net movement in funds
24,824		 Restricted
funds
£
72,000
14,071
75,162
89,233
(17,233)
21,454
4,221		 Total
funds
£
130,093
18,570
82,478
101,048
29,045
-
29,045 
continued...

Page 17

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
fund
£
RECONCILIATION OF FUNDS
Total funds brought forward
50,193
TOTAL FUNDS CARRIED FORWARD
75,017
9.
TANGIBLE FIXED ASSETS
COST
At 1 July 2019 and 31 December 2020
DEPRECIATION
At 1 July 2019
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 30 June 2019
10.
FIXED ASSET INVESTMENTS
Other
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
Photographs		 Restricted
Total
funds
funds
£
£
14,061
64,254
18,282
93,299
Computer
equipment
£
11,328
8,264
2,358
10,622
706
3,064
2020
2019
£
£
64,250
-
2020
2019
£
£
64,250
-		 Total
funds
£
64,254
93,299 
Fixedassetinvestmentscompriseofanarchiveofdonatedphotographsandarevaluedat the
director's valuation after taking appropriate professional advice.

Duringtheyearthetrusteestransferredthevalueofthedonatedphotographsfromstockto fixed
assetinvestmentstoreflectthetrusteesintentiontokeepthemuntilsuchtimesastheycan be
sold to realise their full potential value.

Anyimpairmentsinthevalueoftheitemsarechargedagainstdesignatedfundsintheyear that
impairments in value are identified, as are any gains or losses from the sale thereof.

continued...

Page 18

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

11.
STOCKS
Inventory
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Intercompany
Prepayments and accrued income
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accrued expenses
14.
MOVEMENT IN FUNDS
Net
movement
At 1/7/19
in funds
£
£
Unrestricted funds
Core
75,017
19,165
Designated funds
-
(2,358)
75,017
16,807
Restricted funds
Westminster
-
5,431
Folkstone
3,263
12,692
Lambeth
3,263
-
Southwark
11,756
(1,783)
Photography Competition
-
(8,241)
18,282
8,099
TOTAL FUNDS
93,299
24,906		 
continued...

Page 19

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:
Unrestricted funds
Core
Designated funds
Restricted funds
Westminster
Folkstone
Southwark
Photography Competition
TOTAL FUNDS		 Incoming
resources
£
53,541
-
53,541
73,307
22,500
9,000
20,338
125,145

178,686
 Resources
expended
£
(34,376)
(2,358)
(36,734)
(67,876)
(9,808)
(10,783)
(28,579)
(117,046)
(153,780)		 Movement
in funds
£
19,165
(2,358)
16,807
5,431
12,692
(1,783)
(8,241)
8,099
24,906

Comparatives for movement in funds

Net
movement
At 1/7/18
in funds
£
£
Unrestricted funds
Core
50,193
46,278
Restricted funds
Westminster
14,061
(35,515)
Folkstone
-
3,263
Lambeth
-
3,263
Southwark
-
11,756
14,061
(17,233)
TOTAL FUNDS
64,254
29,045		 Transfers
between
At
funds
30/6/19
£
£
(21,454)
75,017
21,454
-
-
3,263
-
3,263
-
11,756
21,454
18,282
-
93,299		 Transfers
between
At
funds
30/6/19
£
£
(21,454)
75,017
21,454
-
-
3,263
-
3,263
-
11,756
21,454
18,282
-
93,299
18,282
93,299 
continued...

Page 20

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
Core
Restricted funds
Westminster
Folkstone
Lambeth
Southwark
TOTAL FUNDS		 Incoming
resources
£
58,093
44,000
5,000
5,000
18,000
72,000
130,093		 Resources
expended
£
(11,815)
(79,515)
(1,737)
(1,737)
(6,244)
(89,233)
(101,048)		 Movement
in funds
£
46,278
(35,515)
3,263
3,263
11,756
(17,233)
29,045

Restricted funds

TherestrictedincomereceivedistoconductPositiveViewYouthempowerment training
programmesfordisadvantagedyoungpeoplelivinginestatesinvariousLondonboroughs. A
restrictedfundisoperatedforeachborough.Anydeficitonthatborough'sfundswhen that
particular project is closed is transferred from the General Fund.

Designated funds

Designatedfundsrepresentthefixedassetandfixedassetinvestmentsheldbythecharity. These
are assets used in furtherance of the charitable objectives.

15. RELATED PARTY DISCLOSURES

CEO Donation

Duringtheyearended31July2019theChiefExecutiveOfficer(MrAPage)andhiswife jointly
donated£35,094tothecharity.Thisisnotbeingtreatedasaloanasitisnotrepayableand no
amountwasoutstandingattheyearend.Thedonationisincludedasageneral unrestricted
donation and is included in note 2 of the accounts.

A Positive View Limited

ThiscompanyisthetradingarmoftheFoundation.Thecompanyhasnottradedinthe4years to
30June2020andisnowdormant.MrAPage-CEOoftheFoundationisadirectorofA Positive
ViewLtd.At1July2019theCompanyowedtheFoundation£152andthisisshownas an
IntercompanyDebtor.Nofurthermonieswereadvancedduringtheperiodended31 December
2020.

continued...

Page 21

POSITIVE VIEW FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JULY 2019 TO 31 DECEMBER 2020

16. COMPANY LIMITED BY GUARANTEE

Thecompanyislimitedbyguaranteeanddoesnothaveanysharecapital.Theliabilityof each
member of the company may not exceed £1.

Page 22