``` 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 ``` - `Interest on an accruals basis` - `Donated Images and Photographs have been valued at the directors' valuation.` ## **`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 ```