REGlStERED COMPANY NUMOER: 07633773 (England and W410s) REGIsfERED CHARITY NUMBER: 1142532 'II POSITIVE VIEW Transfomiing young liyes through photography REPORT OV THE TRUMES AND UNAUDITED FINANCIAL sfATEMENTS FOR ThE YEAR ENDe0 31 DECIMBER 2022 IroR posrTIVE VIEW FOUIIDATION (A COMPA14Y LIMrrED BY GIJARANTeE) Glbbons Mannlngton & Phlpps LLP Charte￿0 Accouniants Landgate Chambws 24 Landgate Rye Easr Sussex TN31 7U POSITIVE VIEW FOUNDATION coNrENTS OF THE FINAP4CIAL sfATEMEKrs FOR THE YEAR ENDED 31 DECEP4BER 2022 P• R•f•r•nc• and Admlnl•tr•tl¥e O•t•ll• Ch•lrni•n* Aeport 2022 2 to 3 Report o1th¢ Tpu•t 4 to 9 Independent EXamI￿•r.* Report io St•t•m•rt of Pln•ncl•l ArtI￿tI•• li Balant• Sh••t 12 to 13 t4ot•* to th• Fln•rtcl•l Sl•t•m•nts 14 to 21 Members of the board and professlonal advisors. Prlnclpal Office 29 Park Avenue t>over Kent CT16 1ES Reglstered Office As abova .uk Wob Olrectors l Trustees Charfes Nancarrow - Chair Victor Benady Mike Taylor (Resigned 10101r22) Simon Bainbridge Zak Wat8rs Pogus Caesar (Appointed 05105122} Timothy Beaumont {Appointed 06105r22) Karen Daswani (Appointed 06105122) Kyle Bennett {Appoinled 10109122) Chlof Executlv• Andw Page Patron Lord Somerfeyton Bankers Barclays Bar)k 1 Churchill Place London E14 5HP Logal Advl8or8 Freeths 1 Vine Street Mayfair L¢)ndon W1JOAH Independent Examiner Gibbons Mannington & Phipps LLP Lanth3at8 Chambe Rye Easl Sussex TN317LJ Chalmlan's StstemenL Launched in 2012. the Posilive Wrew Foundation 1$ a unique chaiity thal invests in our nation's future generations, supporting the most disadvantaged 1&25 year olds living on eslates in London'$ Westminster and, from January 2021 South East Kent's most challenging wards in Folkestone and Dovw. Most are experiencing the negative consequences of earty lrfe charyes- growing up in care. long-tem single and unemployed households, plus compkx famity backgrounds which. for many, resuY( in teenage mental health issues. Positive VIVN'S innovate, and highty regard￿ 10-week Youth Emp)wern￿nt Programm8 uses photography and 1 to 1 mentoring to succe88fully lead these highly vulnerable NEET young adults into fvrthef education. training and emFAoyment- and out of 8 vicious d￿le of laffmty disintegrats'm, gang violence, crime and dealing. Po8ltlve Vlew grows and launches Its SE Kont programme. As planned, Posltive View was able to I8￿Ch and extend its Youlh Empowenn8nt Programme a¢ros8 SE Kent- fo¢u$ing on Dover and Folkestone. We are grateful to our new grant funders who have made Positive Vlew Foundatlon'$ growth outside of London possible- Paul Hamlyn Foundation, The Sackler Trust. Colyer Fergusson Charitable Trust. Garfield Weston Foundation, Kent County Council. Kent Communty Foundats'on. and the Port of Oover Communty Fund for their generous 8UPPOrt and the major impact their grants are making on thè NEET young people we support in the region. Posltlve Vlew, dellv•rfng Posltlve Outcomes. Our current Imp8Ct Report demonstratss ovw 85% cour8e retentknn- whilst succe$8fulty building confidence, self-worlh. well4)w'ng and future independence for the young peoFAe we support. 1Th of those who joined our courses have no perspective on whal th￿r future Ilfe will become. However. at the of thelr programmes our Impact Report showed over 81 % moved into further training. apprenticeships, or pemanent er￿loy￿enI. induding those that were referred on to our Follow-on partners 1.1 mentorirvj prcwjramff￿ which develops our young clients long-tern Personal Action Plans. I would like to take this opportunity to thank our many highly-valued funders. trustees, staff, Stskeholders. ambassadors, prtrbono photC*Jraphy tutors, exhibition galléries. and communty referral partrers for their invaluatle and generous contribution and philanthropi¢ supporL I look forward lo worknng with our Cotleagues to tske Positive View Foundation on to the nexi level of our challengiTr3 and unique ioumey. Charlo$ Nancarrow Chaimian I POSITIVE VIEW Directors Report 2022 The Directors present their annual report and finan￿al ststements of the charitabl8 company for the year ended 31 December 2022. 1. Structure, Govamanco and Managem•nL The company is a registered charity (England and Wales); number 1142532. The full name of the charity is Pos￿.¥8 View Foundation and it is govemed by its Memorandum and Artides of Assoaation dated May 2011. There a￿ cU￿enty eight DirectOrs￿rUSte•S fomlng the membws of the Board. During January 2023 ￿ Board will be increased a8 we develop a greater level of diversty New D1réctors￿ruStees are recruiled through exisllng trustees. supporters of Positive Ifiew and profèsslonal connections. They are initially interviewed by the Chaiman arKI Chief Executive to identify the experience and expertise they can bring to the charity. The Chaiman wlll then forward polenlial new trustees to tho Board for conslderation. The Founder and Chief Executive, Andrew Page. manage8 the charty on a day-tO- day basis. The Trustees approve the annual strategy and budget., arts Youth Empowerm8nt Progr8mme; and 4)end programmo whilst appra¢sing fvndlng inrtiativé8. Details of DiT•ctors who served during the wiod ar• shrywn on page 1 of tho accounts. 2. Objectlves and actlvltles. Launched in April 2012, Posthe View's innovative and highly respected cultural and Youth Empowem78nt Progrnmme transfomis dls8dvanlaged NEET young lives. Positive View supports the most vulnerable young people aged 1fv25 INing on the poorest Inner-London estale8 with the hKJhest levels of socio economic deprivation. By utlllzing photography arKI film In inmvative partlclpatory ways, young peoF4e- more used to crirm, gang culture, violence, unemFAoyment and alienation - are abl to build a posrtivo future that leads them onto further training, ar4)ienb'ceshlp$. and employment Our overall aim ￿ntInueS to bo pitwio ￿ratorial seminars and arts W0￿ShOPs.. Tate Modern The Barbican Gallery The Hayward Gallery The National Portrait Gallery The Photographers. Ga11￿Y The Tumer Contemwrary Gallery. Margats Phllanthroplc Partners who donate their professional sthiices". Freeths LLP. our legal adwsofs Liebemiann LamFe, our web designerslconsultants Lumix, Canon and Olympus. our course camera8 Royal Photographic SOCW, t*and and photograFthi¢ strategic advisors 7. A Po8ltlv• Vlow Umlted, tradlng company. A Posltlve Mew Llmlted is a trading company that 18 legally separate frLYn Positive View Foundation. and which wa$ responsible for staging mojor fundraising ovonts for the Foundation. The Trustees have agreed that for the foreseeable future the company will nol be staging fundraising events - and therefore A Posittve Vie Limlted is currently registered as domant. 8. Stat•m•nt of Publlc BenefiL The Directors confirm that they referred lo The Charity Commis¥Ton general guidance on wblic benefit when achteving the company's aims arK£ obJ8Ctive5, and in planning future activrties. Each Spring. Positive View publishes its Annual Impact Report that sel$ cth the activrties the charity has undertaken durbng the prwous year of public benefit. This follows the Charty Commission's guidance on how to effectively demonstrate the posriive changes achieved by the deprived and vulnerable young people who Positive View supports through the delivery of its Youth Empowernent Pn)gr8mmo. Evaluation and Monitoring fomis a cTTtic81 aspect of eath project that vs de1￿￿e￿. Thi$ is undertaken at the teginning, mKldle and end stsge of each ten-week programme.. measuring the posibve changes delNered to. arKI achieved by, each participant and projecl. Copies of Impact Rewrts are available to all Positive View I POSITIVE VIEW stakeholders induding.. prc*Jramme participants; funders; strategic partners., Patrons.. Trustees and knbassadors.. and membws of the pu￿1C. 9. Inventory. The Pogttive Inventory is a pthtfoko of signed, limlted &Jition. photO9rathl¢ prints. donated to Pos11ive View by many of the world'$ leadin9 and most highly acclaimed photographe￿. The ptyrfolio was last valued by Christies at £64,250. The Board made the decision during Septemter 2021 to attempt to sell these works over the next two years ending December 2024, with income being used to build our Roserve Fund. 10. R•8orves Pollcy. The total unrestricted reseNes at the end of the year wère £82,570. Thege reseN8s comprise of £7,393 held a$ general funds and £75,177 hehl as desonated fvnds, represenliw the fixed asset investsnents of pholo9Taphs valu&J 81 £64.250 and further fixed 8$s8ls wtth a net book valuo of £10.927 at the year end. The Truslees have given considoratlon to the kwel of reserves required by th? Charity. They have ¢onduded that it would be prudent to hokl fro8 resems equivalent lo six months unavoidable njnning costs, given that the majority of the expendrture of the ch8fTty 1$ covered by restricted funds receNed. This would amount to £35,000. During September 2022 the Trustee8 mad• the deciston attempt to sell photographs with a valuation of £64.250. wth the income being used to increase free reserves. With the arts market devaluing. the decision was made to Include these donated photographs in Sotheby's Autumn London sales. 11. Rlsk ManagemenL The major risks to which thts ehadty is expo8ed, as Id•ntified by the Tru8t•es, have been reviewed quarterty at Truslee Meeti￿j$. New Board Members. with specific skills in risk management, now discuss risk management al each quarterty Board Meetings where systems have been established to help manage those risks. 12. Dlr•¢tors Respon8lbllltlé$. The Directors are required by Company Law to prepare financral statements of each financial year that give a true and fair Niew of the state of affairs of the company and of the resull of the company for that period. In preparing these financial statements. the directors have: selected suitable accounting polic*s and applied them ¢onsiSten￿Y.' made reasonatAe and pnKlent judgements and estimates: 11 POSITIVE VIEW stated whether Applicable Accounting Stsndards and Statements of Recommended Praclise have followed subject to any materhql departures disclosed and explained in the finanaal ststements; prepared the financial statements on a going concem basis unSe5s it 18 inappropnate to wesume that the eJ)mpany will continue n operation. The Directors are responsible for keeping proper accounting records. which disclose wilh reasonable accuracy, at any time, the financial position of thè Company and to enable it is ensure that the financial stat8rr*rtts Comply with the Companies Act 2006. The Directors are also responsible for safeguarding the assets of the company and hen￿ for taking reasonable steps for the prevention and detection of fraud and other iThegulanties. In dotemilnlng how accounts are wesented wbthin item$ in the income and expendrture account and balance sheet, the directors have had regard lo the substance of the reported transaction or arrangem8nt, in accordance wilh generally aecepted a¢¢ounting principles or practice. This report has been prepared in accofdance with the Ststement of Recommended Practise Accountsng and Repo￿.ng by Charities and in accordance with the sFecial prowsion of Section 41&A ofthe Compani88 Act 2006 rdatlng lo small companie8. Approved by the Board of Direclors. and signed on their b8hatf by: Charfes Nancarrow. Chalrnmn. 13 April 2023 INDEpep4DENT EXAMTNERS REPORT TO THE TRUSTEES OF POSITIVE VIEW FOVNDATION Independent exafflin•r'• r•port to tho trustees of Poslttve Vlew Fowftdatlon (Ihe C¢mp•n*) I ￿ptsrt to the charlty trustees on my ex4minab.on of the accounts of the Company for the year ended 31 December 2022. Responslblllyes •nd ￿91• of report As the chanty's trustees of the Company land also Its ftsr the purposes of company lowl you are responsltAe for the preparatton of the accounts in accordance with the requlrements of the Companles A 2006 1.the 2006 Act'l. avln9 S8tlstle¢ myself that the accounts of the Comparty are not required to be audlted under Part 16 01 the 2006 Act and are diglble for Independent examlnab"on, I report In respect of my examlnauon of your charlty's accounts a5 cathed our under Sectlon 145 of the charib.es Act 2011 1.the 2011 Act'l. In carryir*g out my exarnlnation I have Followed the Directyons gfven by the Charlty Commission under Sectien 145(5) Ibl ol the 2011 Act. Jndep•ffld•nt examln*r'• •tatsJm•rt I have completed my exèmlnatlon. I confimi that no matters ha￿ come to my ￿tt￿￿On In connectyon wlth the exary4natlon 9lvlng me cause to belleve: atcountlng records wert n¢X kept In re5pett of the Comwny as requlred by *U¢)n 386 of the 2006 Art; or the attourts do not Kcord wlth ih¢)se records.. or the accounts do not comply wlth the aecountlng requIr•￿ents of Stttyon 396 of the 2006 Art other thjn any rtqulremenr that the accounts 9lve a true fair vlew whlch Is not J mattw consldered s part of an Independent examlnatyon- or the accounts have ntst been prepared In accordance wlth the methods and princlples of the Statement ol Recommended Prartice for jcctsjn￿n9 and feportyng by thatloes loppllcable to charltles prepadng thelr accounts In atton1ance ¥￿th the Flnandal RqJorUrrfJ Stand)r¢ •pplluble In the VK and Republlc of I￿land (FRS 10211. I have no concerns and have come auos5 no Oiher ffljttws In ¢MneLVon wlth the examlnaton to whlch ottentien should be drawn In tNs r•mt In ¢)rdw to enabh a proper under5t•)dlng of the accounts to be reached. Mr Kelth M Luck Fl Glbbons M•nnin9ton & Pftlpps LLP Chartered Aceeuntants Landgate Chambers 24 Landgate Rye East Sussex TN31 7U Date.. go2 JeJQ POSITIVE VIEW FOUNOAn014 srATEMENT OF FINANCIAL ACTZVMES FOR THE YEAR ENDED 31 DECEMBER 2022 2022 Totsl 2021 Torai funds fvnds funds Notes INCOME ANO ENDOWMENTS FROM Oonatlons and legacles 57h17 145,203 202,620 141.952 IXPENDITURE ON Raislng funds 4,376 4,376 8,340 Ctt•rftsbl• xthiltl•• Yovth Empowement Projett 44,622 149,389 194.011 137,666 Totsl 44998 149,30• 190,387 146,Q06 NET IN¢OMei(EXPENDITURE) Tr•n•f•p• b¢tw••n fund* 8h19 {7A53) {4,186) 4,233 (4.054) 13 N•t mov•m•rt In lund• 906 3.267 4233 (4,054) RecoNciL￿TIoN OF FUPIDS Total funds brought forwar 81,603 3¥548 114.151 118,205 TOTAL VUNDS CARAIED FORWARD 81569 JS,815 118,384 114.151 P¥e li POSITIVE VIEW FOUNDATION BALANCE SHeEr 31 DECtMBtR 2022 2022 Totsl funds 2021 Totsl fund5 Unresiricted Restrlcted funds fvnds Notes FIXED ASSErs Tanglble assets Investments 10,927 64.150 10,927 64,250 2,604 64,250 io 75,177 75,177 66,854 CURRENT ASSErs Debtors Cash ot bank and In hond 1,142 9,675 1rt50 34,364 2,592 44.OJ9 182 Sl,312 10.817 35￿14 46.631 51,49 CREDITORS Arnounts falllng due wlthln one year 12 (3,424) (3.424) (4.197) NeT CURRENT ASSETS 7,39J 35,814 4J.207 47.297 TOTAL ASSETS LESS CURRENT L￿BIL￿E9 81570 3SM14 118,384 lJ4,151 NIT ASSETS 81570 35,814 118.384 114,ISI FUNDS Unrestmtteil funds Restdcted funds 13 82,S70 35,814 81,603 32,548 TOTIL FUNDS 118,384 114,151 The tharfta￿e tompany Is entitl&1 to eXem￿on trom aud￿ under S￿￿On 477 d the Companlts Act 2006 for the year ended 31 December 2022. The members have not rwulred the company to obtaln an audlt of Its fln•nclal 5tjtttn￿ts for the year ended 31 December 2022 In Bccordwce wlth Sectlon 476 of the Comynles Att 2006. The trustees acknowledge thelr responslblllties for lal en$U￿ng that the tharlydble company keeps •ccwrtln9 rec¢yds th4t comply wlth Se(Yons 386 and 387 of the Companies Art 2006 ond (b) preparlng flnanclal stateM￿tS whlch glv• a byje and falr vbew of the state of affalrs of the charltable compèfiy as at rhe end of eath flnandal year and rf Its surplus or deficlt for eath flnanclal year In attordance ￿th the requlrements of Secuons 394 and 395 and whlth otherwlse comply wlth the requlrernents of the Companles Art 2006 rel¥tlng to ftnandal ststemerts. so far as applicable to the charftable company. Paue li ttffjYThJed... POSITIVE VIEW FOUNDATION BALANCE sHE￿- cortith4•d 31 DECEMBER 2022 These financlal siaternents have been prepored In accordan￿ the pro7lslons appllcable to charftrble companies subject to the srnall companles reglme. The financlal statÈments were approved by the Board of Tnjstees and author1￿ for 6ssue on ..13.Apii1.2023................ and were slgned on Its l)thalf by: Chartes Nancarrow - Chalr Page 13 POSITIVE VIEW FOUNDATION NOTES TO THE FINANCXAL sfATEMeNTS FOR THE YEAR ENDED 31 De¢EM8ER 2022 ACCOUMllNG POUaES 8•$￿ ot preparlng th• fv•nci•l statements The flnancl81 statements of the charIts￿e company, whlch Is a publlc benefft enuty under FRS 102, have been prepared In accordance wlth the Charftyes SORP {FRS 1021 'Actounting and Reportin9 by Chatitbes: Statement of RecorTmended Prnthce appllcable to charib.es prepamng thelr accounts In accordance with the Financlol Reportlng Standartl appllcable In the UK and Republic of Ireland IFRS 1021 {effecLive l January 20191., Flnandal Reporung Standard 102 Tre Finanoal Reportlng Standard 8ppll¢able In the UK and Republlc of Irejand. and the Companles ALt 2006. The flnanclal statements have been prepared under the hlstmcal cost convenrion. the excepknon of investments which are Induded at matr*et value. All Income Is recognised In the 5tJtement of ￿nandal ActIvI￿e$ On￿ the tharlty has en￿￿ernent to the funds, It Is probable that the Income wll be recelved and ihe amount can be measyred reliably. Incom• has been credthl to the Staternent (* Finandal ArtIV￿*s efj the followlng baslg.. Donbtlons and grnnts as ye￿Val￿e Intsrest on an actruals basls - Donated Images and Photoornphs have been v•lu*J at the dlrector¢ valuatl¢Jll. Alloc•tlon of ￿￿￿h*•d¥ The overheads of the company are dlrectly atirlbuted where posslble to the relevant ic¥vlUes. Where expendltsxe cannot be •l￿buted spedflcally. ihls bs appo￿Or*I between attlvltles l)J5ed on usa9e. Exp•ndlts•r• atyllties are recognlsed as expwdlture as soon as there Is a legal or constrvc¥ve obll9aUon commlttSng the charfty to that e%pendltsJre, It Is probable thpt a trnnsftr of ￿0￿OrnIC benefits wlll be req(Ired In s&￿eMent and the amount of the obllgotyon can be measured rell8bly. Expendltu 15 attounted for on an Jjttruals basis and has been dasslfled under headlngs that oggre9are all cost rdètet1 to the category. Where costs cannot be dlrectly attdbutsj to part+cular hejdlngs they have been all¢Xated to artlvltles on a ConsiSt￿t ￿￿th the use of resources. Alloutlm 4nd •pportlonm•rt ol The costs have been all¢xated 0$ follows.. 11 Dlrector5 r•nunerntl(ffi on th• b8s1s of Income 4s he sp•)ds the m•Jorlty of hls vm• on fundrjlsing. 2) Remalnln9 salary (whlth relate5 to the w(*k ¢bne by the proJ4Xt manager ￿tsr to the project} to the projeets on the bos15 of thelr dlrttt costs. 31 O¥erhead5 on the ba¥s el ¥l¢)cated dlrector¥ remuneratson and ￿l￿rIes. T•nglbl• fixed •wt• Oepreciation Is provlded at the foltswlng annual rates In ordw to wrlte off each asset over Its es¥mated usefvl Ilfe. FIx￿re$ and fliyngs Computer equlpment 20% on eott Stralght line over 3 ye The chadty Is exempt from corpor¥Yon tax on Its ¢*arlloble acttvlYe5. Vund •ttountlng Unrestrlrted fvnds can be vsed In attordance wlth the tharbtsble obledJve5 at the d15cretion of the dirKtors.trustees Page 14 POSITfVE vIew FOUNDA11014 NOTES TO THE FIP4ANCIAL sfATEMENTS- ¢ontln¥ed FOR ThE YEAR Ef4DED 31 DECEMBtR 2022 ACCOU14TXNQ POLICIES- contI￿U Fund acv)urting Restrlcted funds can only be used for partlcular restsIrt￿ purpose5 ￿7th1n the obJects of ihe charity. Restrlctyons orise when spets'fied by the donor or fvnds are rnfjsed f¢x partlojlar restrlcted purposes. Further explanatlon of the nobjre and purpose of each fvnd Ss [r￿Ude￿ In the notes to the financSal ststements. Hlrn purch•M and l••slng c•mmltments Rentals pald under cyerating leases are Charged to the Ststemuit of Flnonclal Athvl¥es on a stralght Ilne basls over the per5od of the le)se. P•th*lon co•ts •nd other pr*br•tlr•ffl•rt b•n•fft• The charttable company operates a dehned contritsjiion wslon Kheme. Conlrfbuvons poyoble to the cha￿table company's pension stheme are thar9ed to the Statsmemt of Flnancl81 Artlvltles In the pertod to wblch they relate. Oon•t•d ••rvlc•• Photographers and other pmfesslonjl corwiiants have provlded their photography and prolesslonol servlces yo bono by supportlng the Youth Empowtrm￿t Prolert Is vdunteer tutor5. sU￿1￿1•ry ch•rltsbl¢ tradlng comp•hy A Posltlve Vlew Umlted IS ihe tradlng orm of Posiuve Vlew Found•¥on. A Posltlve VIC￿ umited dld r￿¢ trade for the pretedlng 6 years ended 30 June 2022 and Is now reglsterèl as ) dormant company. DONATIOP45 ANO LeGAues 2012 2021 Donètlons Grnnts Donated gexvl¢es and fadl11Se5 20 170,204 32,J96 122,227 19,72S 202,d20 141,952 Grènts rec*ved, Included In the alK*ve. are 4s fc41ows'. 2022 2021 Govemment lurfough stheme grnnts Non governmert grants 4.227 118.000 170,204 170,204 122,227 Poue 15 ontirvJed... POSMVE VIEW FOUNOATJON NOTES TO fHe FINANCIAL STATEMENTS- ¢ortinued FOR THE YEAR ENDED 31 DECEMBER 2022 RAISING FUNOS R•l*lng don•tlons and leg•d 2022 2021 Staff costs 4,376 8.340 CNARrrABLE ArnvrriES cosrs Dlrert Costs Support Totals Youth Empowement Prolert 103.160 90,851 194011 NeT INCOMt/(expEtIDrnIRIE) Net Irtcome/{apendlture) Is stated after tharglngllcrèj￿ng). 2022 2021 Independent eXamIna￿On Other aecountancy servlces Depreaauon - owned assets other operatlng leases 1.980 2.216 1.$80 9,721 2,045 S,072 TRUSTEES. REMUNeAAnON AND BENEFITS There were no tru5teos' r￿Une￿IlOn or other Ixments for the year ended 31 December 2022 nor lor the year endgj 31 December 2021. TruIt•￿' •ypen• Trustees, expenses In the y￿r were as fdiohs: Trnvd & subsISter￿ costs - £1,679 12021 NIL) Total - É1,679 2022 2021 Wages and salarfes Sotial security costs Other penslon costs 82,422 2.883 1.476 61,129 S60 .781 62,553 The average rnonthly number of employees durlng the year was as follows: 2022 2021 CEO Programme EmpowerTntnt Exeortlve No employees recdved emoluments In excess of £60,000. Page 16 contlwed... posmvE VIEW FOUNDATION NOTES TO THE FINANCIAL STA7EHEpifs- ¢0ntlnu•d FOR Tme YEAR ENDED 31 DECEMBER 2022 COMPARATIVES FOR ThE STATe14EPIT OF PXNANCIAL Acnvmts UnrestMLted Restrlrt*J fiJnd5 funds Total funds INCOME AND E1400WMt14TS FROM Donèuons and legades 47.605 94,347 141,952 EXPENDrnIRE ON Ralslng funt1s 8,340 8,340 Ch•rltsbh •rtlvltl¢• Youth Empowerment Project 36.705 100,961 137,666 45,045 IIY),961 146,006 NIT INCOMEI(EXPENDITiIRe) Tran•ler• betw4*n lund• 2,560 117.777) {6,614) 17,777 14,0541 N•t mov•m•nt In funth (15,217) IL.163 14,0541 RECONCILIATJON OF VUNDS Total funds broLt9ht forward 96.819 21.386 118,205 TOTAL FUNDS CAR￿e0 FORWARD 81,602 32,549 114,151 TANGIBLE FIXED ASSETS XDJres and flttjngs Computv equipment Totsls At J January 2022 Addltlons 14.806 12.•26 14,800 L3,395 At 31 December 2022 27,732 21,201 DepRECZATlOt4 Al l January 2022 Charge for year 12.202 5.033 12,202 5,072 39 At 31 December 2022 3• 17,235 L7,274 t4eT OOOK VALue At 31 December 2022 430 IOM97 10,927 At 31 December 2021 2,604 2.604 Page 17 POSITIVE VIEW FOUNDATION P4OTES TO THE FINANCIAL sfAYEMENTS- contlR¥ed VOR ThE YEAR ENDED 31 DECEMBER 2022 10. FIXED ASSET INVESTMEiirs 2022 2021 Other 64,250 64,250 There We￿ no Investment assets outslde the UK. Investrnents Indther Ilstèj nor unllstedl were J5 follows: 2022 2021 Photiyjraphs 64,250 64.2S0 xed asset Investments comprt5e of an arthve of donated photogrnphs and are volued at the dlrertorfs valuotlon ofter t•Wng approprtate proftssl¢)nal 8dt41ce. Durlng the year ended 31 De£ember 2020 the trvstee5 trnnsIer￿fj the value of the dona¢ed photographs from stock to ftxed asset Investments to rtllert the trustee5 Intentlon to keep them untll 5uth times os they cJJn be sold to ￿lIse thelr fvll potwty•l ¥•lue. Any Impèlrments In the value of the Items ore chwged ag8lnst +Jeslgnated fvnds In the ye•r that Impalnnents In value are IdentSfled, as are any galns or losses from the s)le thereof. 11. DIBTORS 2013 2021 Amounts lalllng due within one year-. Intercompany other debtors 152 152 2,592 152 Amounts falllng due after rn¢)re than one y￿r. Other debiors 30 Aggregate amounts 1,5•1 182 Page ie ¢￿tINed... POSITIVE Vlew Fouf4DATION NOTES TO THE FINANCIAL STATEMeNTS- cortlnued FOR THE YEAR eND£D 31 0ecEMBER 2022 12. CREDITOR&. AMOUNTS FALUNG DUE WIThIN QNE YEAR 2022 2021 Sociol security and other taxe5 Other C￿d4ttYs Accfued expenses 1,693 331 1,420 473 2,304 3,424 4,197 13. MoveMeNT IN VUNDS Transfers btheen funds MOVL￿ent In funds At 31112122 At 111122 Unre•trlct•d fuThd• Core Deslgnated funds 14,749 fja.854 4.4•2 3,928 (11,848) 4.J95 7.393 75,177 81,603 8M20 {7hS3) 8&570 RQ•trlrt￿ fvnd• Westmlnster Folkstone Photogrnphy CompetlUon Red ￿11 {28,272) 056 (1,850) 25.079 28,272 31548 J4.M4 1,850 (23,629) IA50 32,548 {4187) 7.4SJ 35,814 TOTAL PVNDS 114151 23J 118,384 Net movement In lunds. Included In the above are Is lollows: Incomlng resource5 Regour expended Movement In fundg UTrr••trlcted fund• Core Desi9n8ted funds 48.417 9.000 (43,925) {5,072) 4,492 3,928 57,417 (48,997) 8,420 R•rtrlcted fur￿• Westminster Folkstone Photography Compeiltlon Red 8ull 20,IK•I 8S,201 {48,273) {20,272) (84,345) 856 (1,850) (1,850) {14.922) 25,079 40,001 145,203 {149,390) (4.187) TOTAL FUNDS 202,620 (190,387) 4,233 e19 ¢fjthtINed... POSITiVE ￿Ew FOUNDATION NOTES TO THE FINANCIAL sfATEMErirs-