HIV suppart& tÈstlnc t5t. 1=85 THAMES VALLEY POSITIVE SUPPORT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
Index
| Company information | 1 |
|---|---|
| Report of the trustees | 2-13 |
| Trustees responsibilities | 14 |
| Independent examiners report | 15 |
| Statement of financial activities | 16 |
| Balance sheet | 17 |
| Notes to the accounts | 18-28 |
Legal and Administrative information
Bankers
Co-operative Bank Plc, PO Box 101, 1 Balloon Street, Manchester, M60 4EP
Independent Examiner Edwin Smith, 32 Queens Road, Reading, Berkshire, RG1 4AU
Trustees Sean Wheeler (Chair) Ben McEwen Jonathan Dawson Sarah Cardey Richard Lucas Eilish Sorohan Terry Levi (appointed 28-3-24)
Chief Executive Sarah Macadam Company Number - 08002103 Registered Charity Number - 1151431
Registered Office Thames Valley Positive Support 629 Bath Road Slough SL1 6AE www.tvps.org.uk
Page 1
Trustees and Directors Report For the year ended 31 March 2024
A registered charity founded in 1985 to support those affected by HIV living in Berkshire and North Hampshire
Funded through local authority grants, grant providers and donations The only charity in Berkshire and North Hampshire supporting those affected by HIV Continually raising awareness of HIV and tackling stigma across both counties
Reducing social isolation experienced by those living with HIV due to associated stigma Reducing emotional and mental hardship experienced by those living with HIV Enabling people with HIV to make informed choices about their lives Raising awareness about HIV related issues within the community
Broaden our remit to include support in other areas of sexual health/long term conditions Increase empowerment of our client base
Protect our income and improve our fund management Increase awareness of HIV
To ensure those affected by HIV regain the quality of life they experienced pre-diagnosis
OBJECTIVES & ACTIVITIES FOR THE PUBL! The trustees confirm they have complied with the duty in section 17 (5) of the 2011 Charities
Act and have referred to the guidance contained in the Chartiy Commission’s General Guidance on Public Benefit when reviewing the charity’s aims & objectives & in planning future activities for the year (these activities are detailed on page 4)
Page 2
Trustees and Directors Report (continued) For the year ended 31 March 2024
Historically Slough and Reading, Berkshire’s two major towns, both have a higher than average prevalence of HIV than many major UK cities for the last decade. Outside of London, Reading and Slough, have ranked within the top 10 places with the highest HIV prevalence. This meant there were more positive people living in our county than in many of our major cities including Newcastle, Liverpool, Birmingham and Leeds. Slough has the second highest rate of new HIV diagnoses in the South East, a figure that has almost doubled in a year.
Although North Hampshire has a lower rate of HIV infections the area continues to have a high rate of late HIV diagnosis.
Page 3
Trustees and Directors Report (continued) For the year ended 31 March 2024
Page 4
Trustees and Directors Report (continued) For the year ended 31 March 2024
Podcast
It was an extremely exciting year for the HIV Podcast! In October we were nominated in two categories of The Independent Podcast Awards - the ‘Wellbeing’ and ‘Sex and Relationships categories and in February we were nominated for “the Oscars of the audio world”, The Audio and Radio Industry Awards in the Impact category for making a difference to society. Although we didn’t scoop a win, we recognise what a huge achievement just being nominated is!
We were lucky enough to have some luxury chocolates donated to us, by Mark Tilling, from the Chocolate Academy which we put together in a promotional pack and sent out to key people in the industry as well as influencers, on World AIDS Day. We asked them to share about the podcast on their social media. This was a huge success, we had many high profile people sharing and we built some great connections.
Sarah and Jess were both invited to be judges for the British Podcast Awards 2023, which went so well that they were invited back to judge again in 2024.
The HIV Podcast is now downloaded in a whopping 177 countries and continues to grow.
Page 5
Trustees and Directors Report (continued) For the year ended 31 March 2024
BeYou
BeYou is a monthly social with the aim of providing a safe and non-judgemental space for people from the LGBTQ+ community to meet like-minded people.
- In April 2023 we took the decision to extend our hours to 6pm – 8:30pm, to meet the demand for this service. This was very well received by the community.
We attended Reading Pride and BeYou offered a space for people to come and hangout and have a chat with us. It also enabled us to let even more people know about our BeYou meet-ups.
We were invited on to Kathy Caton’s LGBT+ show, on BBC South, to talk about BeYou and the services we offer. One of our BeYou service users chatted with Kathy and gave their experience of attending our service.
We were thrilled to receive £4,500 from The Morrisons’s Foundation, to help us deliver our service reducing the risk of isolation for our LGBTQ+ community.
Page 6
Trustees and Directors Report (continued) For the year ended 31 March 2024
Page 7
Trustees and Directors Report (continued) For the year ended 31 March 2024
World AIDS Day
Our theme this year focussed on calling for improvements in awareness and prevention. We wanted to educate as many people as possible about U=U. Increasing HIV awareness and knowledge is the only way to reduce the stigma that still surrounds the virus. One of the reasons people living with HIV experience stigma is because there has been very little education about HIV and U=U.
The Local Government Association reports that there have been Government cuts to sexual health funding of over £1bn between 2016 and 2022, this is exacerbating the issue of rising infections, meaning it’s vital to spread as much HIV awareness as possible.
With the support of local media, we were able to widely publicise the U=U message.
Page 8
Trustees and Directors Report (continued) For the year ended 31 March 2024
Community Testing in West Berkshire
Due to the success of our testing initiative last year, the Public Health Teams of Wokingham, Reading and West Berkshire asked us to run this campaign again. The campaign launched during National HIV Testing Week. In February 2024 we launched a campaign to encourage the uptake of HIV testing in Wokingham, Reading and West Berkshire.
ERE aa eS om wee ose This year we focussed on offering home tests that offer people convenience and give a result in the comfort of their own home. We also took the opportunity to highlight ways you can protect yourself. This campaign directly supports the UK Government target of no new HIV infections by 2030
We also secured billboards, on two main commuter roads, in Reading and Slough to encourage the public to test for HIV, which is a great way to reach new audiences.
The project was a huge success again, with an increase in the number of people requesting tests and engaging with our service on the previous year.
Page 9
Trustees and Directors Report (continued) For the year ended 31 March 2024
Thames Valley Positive Support is committed to improving its management and service to become a model of good practice. This Annual Report sets out our achievements and initiatives for the period ending 31[st] March 2024 These accounts have been prepared on the accruals basis in accordance with the Charity SORP and UK Accounting Standards. The accounts comply with the requirements of the Charities Act 2011, Companies Act 2006, statement of Recommended Practice Accounting and Reporting by Charities (FRS 102).
Organisation
Thames Valley Positive Support is a charitable company limited by guarantee and was incorporated on 22[nd] March 2012 and is registered as a charity. The company was established under Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. It took over the unincorporated charity known as Thames Valley Positive Support, which was founded in 1985. The charity’s operations and assets were transferred to the charitable company Thames Valley Positive Support on the 12[th] June 2013.
The charity’s trustees who are also the directors of the company for the purposes of company law are known as the “The Board of Trustees”. The trustees meet regularly (approximately every six weeks) to discuss matters arising and progress towards the charity’s aims. The trustee/director’s delegate the day to day running of the charity to the Chief Executive (Sarah Macadam) who is supported by full time staff and volunteers. The Chair of the charity meets regularly with Sarah Macadam and a financial review meeting is held between the Chair, Vice Chair and Chief Executive on a quarterly basis.
Trustees/Directors 2023/24
The TVPS trustees are listed on page 1. There must be at least three trustees. One third of the trustees must retire at a meeting held immediately after the end of each financial year, those longest in office retiring first. A retiring trustee who remains qualified may be reappointed. Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. The trustees must keep a record of the name, address and the dates of appointment, re-appointment and retirement of each trustee.
All new trustees receive a copy of the charity’s policies upon joining. Trustees are encouraged to research or train in their specific area of responsibility and are expected to keep other trustees aware of developments in their field.
Funding
TVPS is dependent on local authority funding and is funded by various statutory agencies within Berkshire and North Hampshire, along with charitable trusts and contributors. TVPS funds are also generated through a variety of donations, fundraising & special events.
Page 10
Trustees and Directors Report (continued) For the year ended 31 March 2024
Financial Review
The Charity has worked in an environment of limited resources and insecurities over long-term funding; it continues to be difficult to commit to long-term plans or services. The net incoming resources for the year are detailed on page 16. The charity has been able to operate in this challenging environment with the help of sound financial administration and the support of both staff and volunteers.
Related party transactions
There were no related party transactions during the year.
Review of Major Risks
The TVPS Trustees, where practical, have reviewed assessed and implemented systems to mitigate exposure to major risks.
Investment Policy
Under the Articles of Association, the charity has power to make any investment which the Directors think fit. The Directors have reviewed its investment policy and strategy and considers that the use of specialised portfolios designed for the charity sector continues to meet its requirements.
As with previous years the Directors continue to appoint Davidson Asset Management to invest our reserves in a balanced risk ethical portfolio. The Directors believe that this is the best way to maximise our income in the current climate where the following challenges remain:-
Increased costs and increase in service provision continue to put pressure on our annual budget
Decreased core funding from local authorities who themselves face funding pressures and increased costs
Increased demand for our services due to more people being diagnosed with HIV in Berkshire and Hampshire, and a higher number of people being diagnosed very late and requiring more intensive client support work
Continued uncertainty that we will remain in our current premises as we await a decision from Slough Council on whether they will sell the property (please see paragraph on page 12 for more detail).
“ DAM advise that this portfolio should be viewed as a long-term investment strategy and not utilised to fund the charities short-term income needs. The portfolio has approximately 60% exposure to equity-based investments, designed to grow over a minimum 10yr timeframe, and align with the charities long-term nature. Accessing regular income from the portfolio on a short-term basis, particularly during periods of heightened market volatility, exposes the investment portfolio to ‘pound cost ravaging’. This increases the risk that the investment will deplete more quickly than expected.
DAM have developed an effective investment strategy involving clear objectives, a diversified investment approach, and regular portfolio reviews with the aim of supporting and protecting the longevity of the charity.”
Rachel Miller (Dip FFS) Hea d of Financial Planning, Davidson Asset Management
Page 11
Trustees and Directors Report (continued) For the year ended 31 March 2024
Reserves Policy
The TVPS trustees believe that the minimum level or EOR should be the equivalent of twelve months’ operating costs calculated and reviewed annually and believe that the EOR should be built up to the desired level in stages consistent with the charity’s overall financial position and it’s need to maintain and develop its charitable activities. As twelve months operating costs should be held in reserves the bank balances should be retained at a level of £250,000. The trustees anticipate a reduction in core funding based on the current economic climate and the well-publicised cuts in funding awarded to local authorities from central government. Whilst TVPS is not solely reliant on core funding, the trustees are concerned that any reduction would have an impact on our ability to maintain the broad range of services we currently offer. At the year-end there are unrestricted reserves of £388,640 (2023 -£390,311) of which £140,000 of the reserves has been ring-fenced to protect these services whilst replacement funds are sourced from elsewhere
Our premises
Our premises are owned by Slough council, we have been tenants for 35 years. Over that duration there have been several costly attempts on our part to secure a long term lease but our solicitors have been unable to do so and it has been challenging for them to engage with the council.
During 2023 we learnt that the property may be sold, the council have to sell all their assets which includes our premises as they are bankrupt.
The Directors decided that the reserves should be set aside to be used to cover legal costs, moving costs and securing new premises which would likely include increased rental costs. Despite chasing the council on numerous occasions we have received nothing in writing to confirm timelines although we have verbal confirmation from the council asset disposal team that we will need to vacate at some point, and our property has recently been surveyed by a council contractor to ascertain its rental and/or sale value.
We are currently in limbo. Whether our solicitors manage to persuade the council to negotiate a lease, the rent for which will undoubtedly be at market rate (far higher then we currently pay), or whether we have to move and negotiate a lease with a different landlord the process will be extremely costly. Rental costs are at an all time high, the nature of our work means we cannot share the cost burden with other organisations as the success of our services hinges on the fact that we provide a private, safe space for the vulnerable people we support.
Page 12
Trustees and Directors Report (continued) For the year ended 31 March 2024
The report has been prepared in accordance with the statement of Recommended Practice Accounting and Reporting by Charities (FRS 102) and in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Trustees’ report approved by the TVPS Board of Trustees and signed on their behalf by
Signed: S. Wheeler (Chair – Director and Trustee).
Date:4 December 2024
Page 13
Trustees and Directors Report (continued) For the year ended 31 March 2024
Statement of Trustees and Directors Responsibilities
The Charities Act and the Companies Act require the Trustees (who are also the Directors for the Company Law Law) to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Directors/Trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP (FRS102);
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Directors/Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Directors/Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors/Trustees are also responsible for the contents of the Directors/Trustees report, and the responsibility of the independent examiner in relation to the Directors/Trustees’ report is limited to examining the report and that ensuring on the face of the report there are no inconsistencies with the figures disclosed in the financial statements.
Page 14
Independent Examiner’s Report to the Trustees of Thames Valley Positive Support
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024, which are set out on pages 16 to 28.
Responsibilities and basis of report
As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's report
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those accounting records; or
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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
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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)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached
On behalf of: EDWIN SMITH CHARTERED ACCOUNTANTS 32 Queens Road Reading RG1 4AU Signed:……………………………………… Date: 17 December 2024 hac, Nix Philip J Nixon FCA
Page 15
Thames Valley Positive Support Statement of Financial Activities for the Year Ended 31 March 2024
| for the Year Ended | 31 March 2024 | |
|---|---|---|
| Notes Income from: Donations and grants received 2 Income from charitable activities 3 Total income Expenditure on: Raising funds Charitable activities Other - Management and administration Total expenditure 4 Net income/(expenditure before investment gains/(losses) Net gains/ (losses) on investment assets Net income/(expenditure after investment gains/(losses) Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Funds Funds Funds 2024 £ £ £ 7,743 97,374 105,117 41,870 12,648 54,518 49,613 110,022 159,635 13,782 1,969 15,751 42,784 134,422 177,206 11,759 1,680 13,439 68,325 138,071 206,396 (18,712) (28,049) (46,761) 17,041 - 17,041 (1,671) (28,049) (29,720) - - - (1,671) (28,049) (29,720) 390,311 65,735 456,046 388,640 37,686 426,326 |
Total Funds 2023 £ 129,632 79,241 |
| 208,873 | ||
| 15,716 190,001 17,201 |
||
| 222,918 | ||
| (14,045) (15,579) |
||
| (29,624) - |
||
| (29,624) 485,670 |
||
| 456,046 |
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
Page 16
Thames Valley Positive Support Balance Sheet as at 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 5 | 2,073 | 2,177 | ||
| Investments | 6 | 299,736 | 292,695 | ||
| 301,809 | 294,872 | ||||
| Current assets | |||||
| Debtors | 7 | 475 | 3,722 | ||
| Cash at bank and in hand | 8 | 134,727 | 167,845 | ||
| 135,202 | 171,567 | ||||
| Creditors: Amounts falling due within one year |
9 | (10,685) | (10,393) | ||
| Net current assets | 124,517 | 161,174 | |||
| Total assets less current liabilities | 426,326 | 456,046 | |||
| Funds of the charity | |||||
| Unrestricted funds | |||||
| General funds | 15 | 248,640 | 260,311 | ||
| Designated funds | 15 | 140,000 | 130,000 | ||
| 388,640 | 390,311 | ||||
| Restricted funds | 15 | 37,686 | 65,735 | ||
| Total Funds | 426,326 | 456,046 |
The notes on pages 15 to 25 form part of these financial statements.
For the period ending 31 March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime within part 15 of the Companies Act 2006 and with the Financial Reporting Standard 102 (FRS 102).
The accounts were approved by the Board on 4 December 2024
Signed: S. Wheeler
Company Registration No. 08002103
Page 17
Thames Valley Positive Support Notes to the Financial Statements as at
31 March 2024
1. ACCOUNTING POLICIES
Company information
Thames Valley Positive Support is a Registered Charity and a Charitable Company Limited by Guarantee incorporated on 22[nd] March 2012. The registered office is 629 Bath Road, Slough, SL1 6AE.
Basis of accounting
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
Preparation of the financial statements on a going concern basis
The charity has a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future. It has therefore continued to adopt the going concern basis in preparing its financial statements.
The charity has taken advantage of the exemption for smaller charities to produce a cash flow statement.
Fund Accounting
General funds are unrestricted funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the Trustees.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 18
Notes to the Financial Statements as at 31 March 2024 (continued)
1. ACCOUNTING POLICIES (CONTINUED)
Income
All income is included in the statement of financial activities when the charity is entitled to the income, the amount can be quantified with reasonable accuracy and the trustees are virtually certain they will receive the income. The following specific policies are applied to particular categories of income.
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Voluntary income is received by way of grants, donations, legacies and gifts and is included in full in the Statement of Financial Activities when receivable and when the charity has unconditional entitlement.
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Incoming resources with related expenditure such as fundraising are reported gross in the SOFA.
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Income from investments is included in the SOFA in the year in which it is received.
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Income from charitable activities includes income received under contract or where entitlement to grant is recognised as earned as the related services are provided.
Investment gains and losses
This includes any realised and unrealised gains or losses on the sale of investments and any gain or loss revaluing investments to market value at the end of the year.
Expenditure
Expenditure is recognised in the period in which they are incurred. Expenditure includes attributable VAT which cannot be recovered. Some expenditure is directly attributable to specific activities and has been included in those cost categories. Other costs which are attributable to more than one activity are apportioned across cost categories on a basis consistent with the use of the resources. Grants to individuals are made for hardship reasons and are recognised in the period to which they are made.
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Fixed Asset Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The charity does not acquire complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
Pensions
Employees of the charity are automatically enrolled into a defined contribution scheme unless they have exercised their right to opt out. The charity contribution is restricted to the contributions disclosed in note 14. There were no outstanding contributions at the year end. The costs of the defined contribution scheme are included within unrestricted funds.
Page 19
Notes to the Financial Statements as at 31 March 2024 (continued)
1. ACCOUNTING POLICIES
(CONTINUED) Tangible Fixed Assets
Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. The rates applied per annum are as follows:
Equipment and Furniture
25%
Fixed assets are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Debtors
Debtors are recognised at the settlement amount due.
Cash at bank and in hand
Cash at bank and in hand includes cash and cash held at bank current accounts and short term highly liquid investments held on deposit accounts.
Creditors
Creditors and provisions are recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Taxation
The charity is exempt from Corporation Tax on its charitable activities.
Page 20
Notes to the Financial Statements as at 31 March 2024 (Continued)
2. DONATIONS AND GRANTS RECEIVED
| . DONATIONS AND GRANTS RECEIVED | |
|---|---|
| Big Lottery Positive Future Hampshire LA(Rushmoor) Terence Higgins Trust Gilead Sciences Europe Ltd Abvie Legacies Morrisons Berkshire Community Fund General Donations and Grants and Legacies Total Donations and Grants Received |
Unrestricted Restricted 2024 Total 2023 Total funds funds £ £ £ £ - 69,070 69,070 74,883 - 14,844 14,844 14,844 - 5,835 5,835 8,880 - - - 15,000 - - - 4,500 - - - 7,000 - 4,500 4,500 - 2,000 2,000 7,743 1,125 8,868 4,525 |
| 7,743 97,374 105,117 129,632 |
3. INCOME FROM CHARITABLE ACTIVITIES
| Windsor & Maidenhead BC Reading Borough Council Total Income from Charitable Activities |
Unrestricted Restricted 2024 Total 2023 Total funds funds £ £ £ £ 13,500 13,500 13,500 28,370 12,648 41,018 65,741 |
|---|---|
| 41,870 12,648 54,518 79,241 |
Page 21
Notes to the Financial Statements as at 31 March 2024 (Continued)
4. EXPENDITURE
| Staff costs Recruitment cost Client activity travel Client hardship and welfare Drop in centres – Client meals etc. Miscellaneous – Charitable activities Other fundraising, events and , podcasts. Rent and rates Insurance Heat and light Staff and volunteer travel etc. Computer, printing, and stationery Telephone, internet and helpline Equipment hire and maintenance Premises – Maintenance Repairs & renewals Investment charges Subscriptions Independent examination Professional fees Sundry Depreciation |
Raising funds Charitable Management Total for Total for activities and year 2023 administration £ £ £ £ £ 10,254 150,393 10,254 170,901 187,533 154 154 - 6,714 6,715 2,410 219 219 220 1,533 1533 1,968 3,317 3,317 4,703, 2,312 2,312 1,384 632 2,950 632 4,214 5,064 287 1,342 287 1,916 1,771 186 871 186 1,243 2,193 22 102 22 146 1,978 233 1,089 233 1,555 647 332 1,552 332 2,216 1,999 401 1,873 401 2,675 2,042 58 269 58 385 188 511 629 61 288 61 410 216 344 1,604 344 2,292 2,240 332 1,551 332 2,215 2,158 119 557 119 795 295 178 828 178 1,184 1,489 |
|---|---|
| 15,751 177,206 13,439 206,396 222,918 |
Independent examination costs including accountancy services for preparation of statutory accounts total £2,292 (2023 £2,136). The Independent Examiner also provided payroll services and filing of company tax return of £648 (2023 £600).
Page 22
Notes to the Financial Statements as at 31 March 2024 (Continued)
5. TANGIBLE FIXED ASSETS
| Cost Brought forward Additions Disposals At 31 March 2024 Depreciation Brought forward On disposals Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 |
Leasehold Equipment and Improvements furniture £ £ 17,039 76,788 1,080 17,039 77,868 17,039 74,611 - 1,184 17,039 74,611 _ 2,073 _ 2,177 |
2024 Total £ 93,827 1,080 |
|---|---|---|
| 93,827 | ||
| 91,650 1,184 |
||
| 91,650 | ||
| 2,073 | ||
| 2,177 |
6. FIXED ASSET INVESTMENTS
| Brought forward carrying value (market value) Additions to investments at cost Disposals at carrying value Net gain/loss on revaluation Carrying value (market value) at end of year |
Listed Investments £ 292,695 - (10,000) 17,041 |
|---|---|
| 299,736 |
Page 23
Notes to the Financial Statements as at 31 March 2024 (Continued)
7. CASH AT BANK AND IN HAND
| Cash at Bank Petty Cash 8. DEBTORS AND PREPAYMENTS Other debtors Prepayments 9. CREDITORS Amounts falling due within one year Other creditors Accruals Taxation and Social Security |
2024 £ 134,526 201 134,727 2024 £ - 475 475 2024 £ 695 5,898 4,092 10,685 |
2023 £ 167,761 85 |
|---|---|---|
| 167,846 | ||
| 2023 £ 2,822 900 |
||
| 3,722 | ||
| 2023 £ 1,054 4,980 4,359 |
||
| 10,393 |
Page 24
Notes to the Financial Statements as at 31 March 2024 (Continued)
10. SHARE CAPITAL
TVPS, a registered charity, is a company limited by guarantee, not having any share capital. In the event of a winding up, each member may be required to contribute an amount not exceeding £1 towards the settlement of the company’s liabilities.
11. TRUSTEES
No remuneration was made to trustees during the year.
No expenses were reimbursed to trustees during the year.
12. RELATED PARTY TRANSACTIONS
There were no related part transactions during the year.
13. EMPLOYEES COSTS
| Wages and salaries Social security costs Other pension costs Staff Health Cover |
2024 £ 155,424 10,590 4,167 720 170,901 |
2023 £ 169,477 12,916 4,417 |
|---|---|---|
| 186,810 |
The Charity operates a PAYE scheme to pay employed members of staff and no employees received emoluments in excess of £60,000.
There were 5 paid staff during the year (2023-5)
14. PENSION COSTS
Defined pension contribution costs |
2024 £ 4,167 |
2023 £ |
|---|---|---|
| 4,417 |
Page 25
Notes to the Financial Statements as at 31 March 2024 (Continued)
15. MOVEMENT ON FUNDS
2024
| Restricted The National Lottery Community Fund Reading BC Hampshire LA Terence Higgins Trust Morrisons Berkshire Community Foundation Sundry Unrestricted Designated funds General funds Total 2023 Restricted The National Lottery Gilead Sciences Europe Reading BC Hampshire LA Unrestricted Designated funds General funds Total |
1 –Apr-23 Income Expenditure Gains/ Transfer 31-Mar-24 (losses) £ £ £ £ £ 62,584 69,070 (97,119) 34,535 - 12,648 (12,648) - - - 3,151 14,844 (14,844) - - 3,151 5,835 (5,835) - - - 4,500 (4,500) - - - 2,000 (2000) - - - 1,125 (1,125) - - - |
|---|---|
| 65,735 110,022 (138,071) - - 37,686 130,000 - - - 10,000- 140,000 260,311 49,613 (68,325) 17,041 (10,000) 248,640 |
|
| 456,046 159,635 (206,396) 17,041 - 426,326 |
|
| 1 –Apr-22 Income Expenditure Gains/ Transfer 31-Mar-23 (losses) £ £ £ £ £ 54,219 74,883 (66,518) - - 62,584 52,770 (52,770) - - - - 12,895 (12,895) - - - - 14,844 (11,693) - - - - 3,151 |
|
| 106,989 102,622 (143,876) - - 65,735 130,000 - - - - 130,000 248,681 106,251 (79,042) (15,579) - 260,311 |
|
| 485,670 208,873 (222,918) (15,579) 456,046 |
Page 26
Notes to the Financial Statements as at 31 March 2024 (Continued)
15. MOVEMENT ON FUNDS (continued)
Restricted funds
The National Lottery Community Fund - Grant awarded to support the first generation of HIV positive service users into old age, the grant is used to employ a project worker to build links with older people’s services and to build a resource base and care pathways for staff and volunteers to follow to enable a smooth transition for service users to access new services.
Rushmoor Voluntary Service – Grant awarded to provide emotional and practical support to HIV positive people living in North Hampshire, services include peer support, counselling and advocacy to help with accessing benefits, returning to work, immigration, debt, housing and welfare rights issues.
Reading BC - Grant awarded to support HIV positive people in Reading to improve their health and wellbeing, and reduce the need for statutory services intervention
Terence Higgins Trust – Grant awarded via HIV Prevention England fund to educate and promote HIV testing
Morrisons – Grant awarded towards running cost of our centre
Berkshire Community Foundation – Grant awarded towards running cost of our centre, via their Surviving Winter Fund
Designated funds
For more details on the designated funds see the Reserves Policy detailed on page xx
| 1 –Apr-23 | Income | Expenditure | Gains/ | Transfer | 31-Mar-24 | |
|---|---|---|---|---|---|---|
| (losses) | ||||||
| 3 | ||||||
| £ | £ | £ | £ | £ | ||
| Property Fund | 50,000 | - | - | - | - | 60,000 |
| Maintenance Fund | 30,000 | - | - | - | - | 30,000 |
| Emergency Fund | 50,000 | - | - | - | - | 50,000 |
| Total | 130,000 | - | - | - | - | 140,000 |
Page 27
Notes to the Financial Statements as at 31 March 2024 (Continued)
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed Assets and Investments Current Assets Liabilities (due in more than one year |
Unrestricted Designated Restricted Funds Funds Funds 2024 2023 £ £ £ 171,809 130,000 - 301,809 294,872 97,516 - 37,686 135,202 171,567 (10,685) - (10,685) (10,393) |
|---|---|
| 258,640 130,000 37,686 426,326 456,046 |
17. FINANCIAL COMMITMENTS
At 31 March 2024 the company had total future minimum lease payments under non-cancellable operating leases for each of the following periods:
| Expiry date: Later than one year and not later than five years |
2024 £ - |
2023 £ 2,493 |
|---|---|---|
| 2,493 |
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