REGISTERED COMPANY NUMBER: 07633773 (England and Wales)
REGISTERED CHARITY NUMBER: 1142532
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
FOR
POSITIVE VIEW FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)
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 YEAR ENDED 31ST DECEMBER 2023
|
|
Page |
|
Chairman's Report 2023 |
|
1 |
|
Report of the Trustees |
2 |
to |
5 |
Independent Examiner's Report |
|
6 |
|
Statement of Financial Activities |
|
7 |
|
Balance Sheet |
8 |
to |
9 |
Notes to the Financial Statements |
10 |
to |
18 |
Detailed Statement of Financial Activities |
19 |
to |
20 |
POSITIVE VIEW FOUNDATION
CHAIRMAN'S REPORT 2023
FOR THE YEAR ENDED 31ST DECEMBER 2023
Background
Launchedin2012,thePositiveViewFoundationisauniqueculturalandartsyouthcharitythatinvestsin our
nation'sfuturegeneration,usingphotographyandfilm.Wesupportthemostdisadvantaged16-25year olds
livingonestatesinLondon'sWestminsterand,fromJanuary2023,SouthEastKent'smostchallenging wards
inFolkestone,DoverandHythe.Mostareexperiencingthenegativeconsequencesofearlylifechanges -
growingupincare,long-termsingleandunemployedhouseholds,pluscomplexfamilybackgrounds which,
for many, result in teenage mental health issues.
PositiveView'sinnovative,andhighlyregarded10-week"YouthEmpowermentProgramme' uses
photographyand1to1mentoringtosuccessfullyleadthesehighlyvenerableNEETyoungadultsinto further
education,trainingandemployment-andoutofaviciouscircleoffamilydisintegration,gangviolence, crime
and cross-county dealing.
(NEET = Not in Education, Employment or Training.)
Positive View grows and launches its SE Kent programme.
Asplannedduring2023,PositiveViewlaunchedandextendeditsYouthEmpowermentProgrammeacross SE
Kent - focusing on disaffected 16-25 year olds based in and around Dover, Folkestone and Hythe.
We'regratefultoournewgrantfunderswhohavemadePositiveView'sadditionaldevelopmentoutside of
Londonpossible-PaulHamlynFoundation,TheSacklerTrust,ColyerFergussonCharitableTrust, Garfied
WestonFoundation,KentCountyCouncil,KentCommunityFoundationandthePortofDover Community
Fundfortheirgeneroussupport,andforthemajorimpacttheirgrantismakingontheNEETyoung people
who are benefitting.
Positive View delivering Positive Outcomes.
OurcurrentImpactReportdemonstratesover84%courseretention-whilstsuccessfullybuilding confidence,
self-worth,well-beingandfutureindependencefortheyoungpeoplewesupport.100%ofthosethat joined
ourcourseshavenoperspectiveonwhattheirfuturelifewillbecome.However,attheendof their
programmesourImpactReportshowedthatover81%movedintofurthertraining,apprenticeships, or
permanentemployment,includingthosethatwerereferredontoourFollow-Onpartnerswhoprovide 1:1
mentoring - which helps develop our young clients long-term "Personal Action Plans".
Iwouldliketotakethisopportunitytothankour:highlyvaluedBoardofTrustees;funders; staff;
stakeholders;pro-bonoprogrammephotographytutors;photographyexhibitiongalleries;and community
referral partners for their invaluable and generous contribution and philanthropic support.
Charles Nancarrow
Chairman
Page 1
POSITIVE VIEW FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31stDecember2023.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and Aims
LaunchedinApril2012,PositiveView'sinnovativeandhighlyrespectedculturalandYouth Empowerment
ProgrammetransformsdisadvantagedNEETyounglives.PositiveViewsupportsthemostvulnerable young
peopleaged16-25livingonthepoorestInner-Londonestateswiththehighestlevelsof socio-economic
deprivation.
(NEET = Not in Education, Employment or Training.).
Byutilizingphotographyandfilmininnovativeparticipatoryways,youngpeople-moreusedtocrime, gang
culture,violence,unemploymentandalienation-areabletobuildapositivefuturethatleadsthem onto
further training, apprenticeships, and employment.
Ouroverallaimcontinuestobepioneering,significant,celebrated,life-changing,transparent and
accountable.Byconstantlymeasuringourselvesagainstthesevalues,weensureourapproaches are
consistent with who we are and how we wish to be seen by others.
Public Benefit
TheDirectorsconfirmthattheyreferredtoTheCharityCommissiongeneralguidanceonpublicbenefit when
achieving the company's aims and objectives, and in planning future activities.
EachSpring,PositiveViewpublishesitsAnnualImpactReportthatsetsouttheactivitiesthecharity has
undertakenduringthepreviousyearofpublicbenefit.ThisfollowstheCharityCommission'sguidanceon how
toeffectivelydemonstratethepositivechangesachievedbythedeprivedandvulnerableyoungpeople who
Positive View supports through the delivery of its Youth Empowerment Programme.
EvaluationandMonitoringformsacriticalaspectofeachprojectthatisdelivered.Thisisundertakenat the
beginning,middleandendstageofeachten-weekprogramme:measuringthepositivechanges delivered
to,andachievedby,eachparticipantandproject.CopiesofImpactReportsareavailabletoallPositive View
stakeholdersincluding:programmeparticipants;funders;strategicpartners;Patrons;Trustees and
Ambassadors; and members of the public.
Inventory
ThePositiveViewInventoryisaportfolioofsigned,limitededition,photographicprints,donatedto Positive
Viewbymanyoftheworld'sleadingandmosthighlyacclaimedphotographers.Theportfoliowaslast valued
by Christies at £64,250.
DuringSeptember2023theTrusteesmadethedecisiontosellphotographswithavaluationof£64,250, with
theincomebeingusedtoincreasefreereserves.ThissalewilltakeplaceinLondon,andonline,during mid
2024.
Page 2
POSITIVE VIEW FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE
Our Philanthropic Partnership Programme
Asasmallcharitableorganization,withlimitedbutgrowingincome,wearecommittedtothe further
developmentofourPhilanthropicPartnershipProgrammewhichseesagrowingnumberofLondon cultural
artgalleries,professionalphotographers,andcommunityartsorganisationssupportingthePositive View
Youth Empowerment Programme philanthropically.
These include:
Youth Empowerment Ambassadors acting as our pro-bono Course Tutors:
" Miles Aldridge
" Susan Derges
" 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
" The Turner Contemporary Gallery, Margate.
Philanthropic Partners who donate their professional services:
" Freeths LLP, our legal advisors
" Liebermann Lampe, our web designers/consultants
" Olympus, our course cameras (Andy to update)
" Royal Photographic Society, brand and photographic strategic advisors.
FINANCIAL REVIEW
Reserves Policy
Thetotalunrestrictedreservesattheendoftheyearwere£22,395.Thesereservescompriseof -£52,489
heldasgeneralfundsand£75,083heldasdesignatedfunds,representingthestockofphotographs valued
at £64,250 and further assets with a value of £10,833 at the year end.
TheTrusteeshavegivenconsiderationtothelevelofreservesrequiredbythecharity.Theyhave concluded
thatitwouldbeprudenttoholdfreereservesequivalenttosixmonthsunavoidablerunningcosts,given that
themajorityoftheexpenditureofthecharityiscoveredbyrestrictedfundsreceived.Thiswouldamount to
£35,000.DuringSeptember2023theTrusteesmadethedecisiontosellphotographswithavaluation of
£64,250,withtheincomebeingusedtoincreasefreereserves.ThissalewilltakeplaceinLondon, and
online, during mid 2024.
Page 3
POSITIVE VIEW FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2023
BUILDING THE FINANCIAL BASE
DuringJanuary2024Trusteesrevisitedtheoperationalandfundraisingstrategiestofocusonbuilding our
financialposition-especiallyduringthesetoughandchallengingtimes,whichallUKcharitieshavehad to
cope and contend with.
Incomewillcontinuetobefocusedonourcapacitybuildingprogramme,andournewprogrammesacross SE
and NE Kent.
Todate,PositiveView'sfundraisingstrategyhasbeenfocusingonattractingpartnershipsupportfrom Trusts
andFoundations.However,thisischangingduring2024withanadditionalmajorfocusonthe Corporate
Sector - especially those promoting their youth brands.
WethankalloursupportersfortheirgenerosityandcontinuingsupportofPositiveView-andespecially for
thecontinuingsupportofourhighlyregardedYouthEmpowermentProgramme.During2023weareproud to
have received new and continuing support from:
" Colyer-Fergusson Charitable Trust
" Garfield Weston Foundation
" John Lyon's Charity
" Kent Community Foundation
" Kent County Council
" Paul Hamlyn Foundation
" The Sackler Trust
" Westminster Foundation
" Young Westminster Foundation
STRUCTURE, GOVERNANCE AND MANAGEMENT Directors Responsibilities
TheDirectorsarerequiredbyCompanyLawtopreparefinancialstatementsofeachfinancialyearthatgive 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:
" selected suitable accounting policies and applied them consistently;
" made reasonable and prudent judgements and estimates;
"statedwhetherApplicableAccountingStandardsandStatementsofRecommendedPractisehave been
followed subject to any material departures disclosed and explained in the financial statements;
"preparedthefinancialstatementsonagoingconcernbasisunlessitisinappropriatetopresumethat the
company will continue in operation.
TheDirectorsareresponsibleforkeepingproperaccountingrecords,whichdisclosewith reasonable
accuracy,atanytime,thefinancialpositionoftheCompanyandtoenableitisensurethatthe financial
statementscomplywiththeCompaniesAct2006.TheDirectorsarealsoresponsibleforsafeguarding the
assetsofthecompanyandhencefortakingreasonablestepsforthepreventionanddetectionoffraud and
other irregularities.
Indetermininghowaccountsarepresentedwithinitemsintheincomeandexpenditureaccountand balance
sheet,thedirectorshavehadregardtothesubstanceofthereportedtransactionorarrangement, in
accordance with generally accepted accounting principles or practice.
ThisreporthasbeenpreparedinaccordancewiththeStatementofRecommendedPractiseAccounting and
ReportingbyCharitiesandinaccordancewiththespecialprovisionofSection415AoftheCompanies Act
2006 relating to small companies.
Page 4
POSITIVE VIEW FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07633773 (England and Wales)
Registered Charity number
1142532
Registered office
29 Park Avenue
Dover
Kent
CT16 1ES
Trustees
Victor Benady Company Director (resigned 11/4/2023)
Simon Bainbridge (resigned 11/4/2023)
Zak Waters Trustee
Charles Nancarrow Chairman
Timothy John Beaumont
Kyle Bennett
Karan Mithu Daswani
Benjamin Thomas Wiltshire Director (appointed 14/8/2023)
Althoughnotformallyappointedasatrustee,thefollowingmembersformpartoftheYouth Empowerment
Team:
Carlton Fountaine-Nowell
Independent Examiner
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
Legal Advisors
Freeths
1 Vine Street
Mayfair
London
W1J 0AH
Bankers
Metro Bank
One Southampton Row
London
WC1B 5HA
Approved by order of the board of trustees on 15th March 2024 and signed on its behalf by:
Charles Nancarrow - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
POSITIVE VIEW FOUNDATION
Independent examiner's report to the trustees of Positive View Foundation ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31st December 2023.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarrying out
myexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b) of
the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection 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
15th March 2024
Page 6
POSITIVE VIEW FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
48,308
Investment income
3
1,045
Total
49,353
EXPENDITURE ON
Raising funds
4
-
Charitable activities
5
Youth Empowerment Project
107,229
Total
107,229
NET INCOME/(EXPENDITURE)
(57,876)
Transfers between funds
16
204
Net movement in funds
(57,672)
RECONCILIATION OF FUNDS
Total funds brought forward
82,570
TOTAL FUNDS CARRIED FORWARD
24,898 |
Restricted
funds
£
78,019
-
78,019
-
65,195
65,195
12,824
(204)
12,620
35,814
48,434 |
2023
Total
funds
£
126,327
1,045
127,372
-
172,424
172,424
(45,052)
-
(45,052)
118,384
73,332 |
2022
Total
funds
£
202,620
- |
|
|
|
202,620 |
|
|
|
4,376
194,011 |
|
|
|
198,387 |
|
|
|
4,233
- |
|
|
|
4,233
114,151 |
|
|
|
118,384 |
The notes form part of these financial statements
Page 7
POSITIVE VIEW FOUNDATION
BALANCE SHEET 31ST DECEMBER 2023
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
7,476
Investments
11
-
7,476
CURRENT ASSETS
Debtors
12
1,155
Investments
13
64,250
Cash at bank
-
65,405
CREDITORS
Amounts falling due within one year
14
(47,982)
NET CURRENT ASSETS
17,423
TOTAL ASSETS LESS CURRENT
LIABILITIES
24,899
NET ASSETS
24,899
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
-
-
-
-
-
48,433
48,433
-
48,433
48,433
48,433 |
2023
Total
funds
£
7,476
-
7,476
1,155
64,250
48,433
113,838
(47,982)
65,856
73,332
73,332
24,899
48,433
73,332 |
2022
Total
funds
£
10,927
64,250
75,177
2,592
-
44,039
46,631
(3,424)
43,207
118,384
118,384
82,570
35,814
118,384 |
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006 for
the year ended 31st December 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31st December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
POSITIVE VIEW FOUNDATION
BALANCE SHEET - continued 31ST DECEMBER 2023
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
15th March 2024 and were signed on its behalf by:
Charles Nancarrow - Trustee
The notes form part of these financial statements
Page 9
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestmentswhich are
included at market value.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto 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
Allocation of overheads
Theoverheadsofthecompanyaredirectlyattributedwherepossibletotherelevantactivities. Where
expenditure cannot be attributed specifically, this is apportioned between activities based on usage.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey 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) Directors remuneration on the basis of income as he spends the majority of his time on fundraising.
2)Remainingsalary(whichrelatestotheworkdonebytheprojectmanagerpriortotheproject) 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.
Fixtures and fittings- 20% on cost
Computer equipment- Straight line over 3 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
directors.trustees
continued...
Page 10
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesin the
period to which they relate.
Donated services
Photographersandotherprofessionalconsultantshaveprovidedtheirphotographyand professional
services pro bono by supporting the Youth Empowerment Project as volunteer tutors.
Subsidiary charitable trading company
APositiveViewLimitedisthetradingarmofPositiveViewFoundation.APositiveViewLimiteddid not
trade for the preceding 7 years ended 30 June 2022 and is registered as a dormant company.
2. DONATIONS AND LEGACIES
|
2023 |
2022 |
|
£ |
£ |
Donations |
300 |
20 |
Grants |
106,682 |
170,200 |
Donated services and facilities |
11,671 |
32,400 |
Other revenue |
7,674 |
- |
|
126,327 |
202,620 |
Grants received, included in the above, are as follows: |
|
|
|
2023 |
2022 |
|
£ |
£ |
Non government grants |
106,682 |
170,200 |
continued...
Page 11
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023
3. |
INVESTMENT INCOME |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Deposit account interest |
|
1,045 |
- |
4. |
RAISING FUNDS |
|
|
|
|
Raising donations and legacies |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Staff costs |
|
- |
4,376 |
5. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Direct |
Support |
|
|
|
Costs |
costs |
Totals |
|
|
£ |
£ |
£ |
|
Youth Empowerment Project |
84,019 |
88,405 |
172,424 |
6. |
NET INCOME/(EXPENDITURE) |
|
|
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Independent examination |
|
2,136 |
1,999 |
|
Other accountancy services |
|
2,526 |
2,045 |
|
Depreciation - owned assets |
|
6,601 |
5,072 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stDecember2023 nor
for the year ended 31st December 2022.
Trustees' expenses
Trustees' expenses in the year were as follows:
Travel & subsistence costs - NIL (2022: £1,679)
Total - NIL
continued...
Page 12
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023
8. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
CEO
Programme Empowerment Executive
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
57,417
EXPENDITURE ON
Raising funds
4,376
Charitable activities
Youth Empowerment Project
44,622
Total
48,998
NET INCOME/(EXPENDITURE)
8,419
Transfers between funds
(7,453)
Net movement in funds
966
RECONCILIATION OF FUNDS
Total funds brought forward
81,603
TOTAL FUNDS CARRIED FORWARD
82,569 |
|
2023
£
89,015
2,633
1,974
93,622
2023
1
2
3
Restricted
funds
£
145,203
-
149,389
149,389
(4,186)
7,453
3,267
32,548
35,815 |
2022
£
82,422
2,883
1,476
86,781
2022
1
2
3
Total
funds
£
202,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,376
194,011 |
|
|
|
198,387 |
|
|
|
4,233
- |
|
|
|
4,233
114,151 |
|
|
|
118,384 |
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 13
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023
10. TANGIBLE FIXED ASSETS
COST
At 1st January 2023
Additions
At 31st December 2023
DEPRECIATION
At 1st January 2023
Charge for year
At 31st December 2023
NET BOOK VALUE
At 31st December 2023
At 31st December 2022 |
Fixtures
and
Computer
fittings
equipment
£
£
469
27,732
-
3,150
469
30,882
39
17,235
94
6,507
133
23,742
336
7,140
430
10,497 |
Totals
£
28,201
3,150 |
|
|
31,351 |
|
|
17,274
6,601 |
|
|
23,875 |
|
|
7,476 |
|
|
10,927 |
11. FIXED ASSET INVESTMENTS
There were no investment assets outside the UK.
Fixedassetinvestmentscompriseofanarchiveofdonatedphotographsandarevaluedat the
director's valuation after taking appropriate professional advice.
Duringtheyearthetrusteestransferredthevalueofthedonatedphotographsfromfixedasset to
current assets to reflect the trustees intention to sell the entire portfolio during 2024.
The proceeds will be used to restore core funds to a surplus position.
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Intercompany
Other debtors |
2023
£
152
1,003
1,155 |
2022
£
152
2,440 |
|
|
2,592 |
continued...
Page 14
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023
13.
CURRENT ASSET INVESTMENTS
Investments
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Social security and other taxes
Other creditors
Accrued expenses
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
16.
MOVEMENT IN FUNDS
Net
movement
At 1/1/23
in funds
£
£
Unrestricted funds
Core
7,393
(54,425)
Designated funds
75,177
(3,450)
82,570
(57,875)
Restricted funds
Folkstone
34,364
11,382
Red Bull
1,450
(1,246)
Dover
-
2,687
35,814
12,823
TOTAL FUNDS
118,384
(45,052) |
|
|
2023
£
64,250
2023
£
33,537
1,352
11,693
1,400
47,982
2023
£
33,537
Transfers
between
funds
£
204
-
204
-
(204)
-
(204)
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
Page 15
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
Core
Designated funds
Restricted funds
Folkstone
Red Bull
Dover
TOTAL FUNDS |
Incoming
resources
£
46,203
3,150
49,353
69,837
2,182
6,000
78,019
127,372 |
Resources
expended
£
(100,628)
(6,600)
(107,228)
(58,455)
(3,428)
(3,313)
(65,196)
(172,424) |
Movement
in funds
£
(54,425)
(3,450)
(57,875)
11,382
(1,246)
2,687
12,823
(45,052) |
|
|
|
|
Comparatives for movement in funds
Unrestricted funds
Core
Designated funds
Restricted funds
Westminster
Folkstone
Photography Competition
Red Bull
TOTAL FUNDS |
At 1/1/22
£
14,749
66,854
81,603
-
32,548
-
-
32,548
114,151 |
Net
movement
in funds
£
4,492
3,928
8,420
(28,272)
856
(1,850)
25,079
(4,187)
4,233 |
Transfers
between
funds
£
(11,848)
4,395
(7,453)
28,272
960
1,850
(23,629)
7,453
- |
At
31/12/22
£
7,393
75,177
82,570
-
34,364
-
1,450
35,814
118,384 |
|
|
|
|
|
continued...
Page 16
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
Core
Designated funds
Restricted funds
Westminster
Folkstone
Photography Competition
Red Bull
TOTAL FUNDS |
Incoming
resources
£
48,417
9,000
57,417
20,001
85,201
-
40,001
145,203
202,620 |
Resources
expended
£
(43,925)
(5,072)
(48,997)
(48,273)
(84,345)
(1,850)
(14,922)
(149,390)
(198,387) |
Movement
in funds
£
4,492
3,928
8,420
(28,272)
856
(1,850)
25,079
(4,187)
4,233 |
|
|
|
|
Restricted funds
TherestrictedincomereceivedistoconductPositiveViewYouthempowermenttraining programmes
fordisadvantagedyoungpeoplelivinginestatesinvariousLondonboroughs.Arestrictedfund is
operatedforeachborough.Anydeficitonthatborough'sfundswhenthatparticularprojectisclosed is
transferred from the General Fund.
Designated funds
Designatedfundsrepresentthefixedassetandfixedassetinvestmentsheldbythecharity.These are
assets used in furtherance of the charitable objectives.
17. RELATED PARTY DISCLOSURES
A Positive View Limited
ThiscompanyisthetradingarmoftheFoundation.Thecompanyhasnottradedinthe7yearsto 30
June2023andisnowdormant.MrAPage-CEOoftheFoundationisadirectorofAPositiveView Ltd.
At1January2023theCompanyowedtheFoundation£152andthisisshownasan Intercompany
Debtor. No further monies were advanced during the period ended 31 December 2023.
continued...
Page 17
POSITIVE VIEW FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
18. COMPANY LIMITED BY GUARANTEE
Thecompanyislimitedbyguaranteeanddoesnothaveanysharecapital.Theliabilityof each
member of the company may not exceed £1.
Page 18
POSITIVE VIEW FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Donated services and facilities
Other revenue
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Charitable activities
Direct wages
Social security
Pensions
Course studio locations
Course travel expenses
Photographers & workshop
General course costs
Refreshments
Support costs
Management
Wages
Social security costs
Insurance
Telephone & internet
Printing, postage & stationery
Advertising & marketing
IT software & consumables
Travel
Staff training
Bank fees
General expenses
Entertainment
Charitable donations
Carried forward |
2023
£
300
106,682
11,671
7,674
126,327
1,045
127,372
-
59,699
1,912
1,974
3,102
4,779
8,488
653
3,412
84,019
29,316
721
2,397
8,122
1,751
18,260
3,989
8,981
288
-
2,527
321
20
76,693 |
2022
£
20
170,200
32,400
- |
|
|
202,620
- |
|
|
202,620
4,376
52,641
1,520
1,476
8,060
6,754
22,007
5,476
5,226 |
|
|
103,160
25,405
1,363
2,303
6,459
1,898
25,625
3,248
8,766
-
243
1,734
-
-
77,044 |
This page does not form part of the statutory financial statements
Page 19
POSITIVE VIEW FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
|
2023 |
2022 |
|
£ |
£ |
Management |
|
|
Brought forward |
76,693 |
77,044 |
Depreciation of tangible and heritage |
|
|
assets |
6,600 |
5,072 |
|
83,293 |
82,116 |
Finance |
|
|
Bank charges |
95 |
- |
Governance costs |
|
|
Accountancy fees |
4,662 |
4,044 |
Legal fees |
355 |
4,691 |
|
5,017 |
8,735 |
Total resources expended |
172,424 |
198,387 |
Net (expenditure)/income |
(45,052) |
4,233 |
This page does not form part of the statutory financial statements
Page 20