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2022-09-30-accounts

Charity registration number 1185186

POSITIVE PATH FOUNDATION

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

POSITIVE PATH FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs J Atkinson Mr R Balfour-Lynn Mrs L Davies Mrs J Summers Mrs M Vrahami Charity number 1185186 Principal address The New Cabin Station Road Sway Lymington SO41 6AA Independent Examiner S Coleman ACA Gerald Edelman LLP 73 Cornhill London EC3V 3QQ Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

POSITIVE PATH FOUNDATION

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 11

POSITIVE PATH FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2022

The Trustees present their annual report and financial statements for the year ended 30 September 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's objects are to promote social inclusion for the public benefit of adults with physical and learning challenges in Hampshire and Dorset by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The charity pursues these activities by holding events to achieve the following:

  1. To aid adults with physical and learning challenges in Hampshire and Dorset to build friendships and relationships

  2. To set up events to facilitate member interactions in a safe environment, employing suitably qualified supporting assistants

  3. To assist members with social interaction, communication and life skills through our weekly workshops and varied social events.

  4. To create a more positive future for adults with higher-functioning learning disabilities and their families, as there are currently no alternative organisations offering this locally or nationally.

A number of such events were held in the period and were acknowledged as a success by those who attended.

Achievements and performance

The charity currently has 67 members. We have added a further 22 members since the last financial year (45). Membership growth was via referrals from local authorities, social services, social prescribers and also by word of mouth recommendation.

During the year we held two to three events and one workshop each month. We have seen a significantly increased demand for mentoring services due to a growth of mental health issues in high-functioning adults.

Financial review

The net income in the year was £2,949 (2021-£1,433).

Total income was £79,940 (2021-£30,271) which included Income from core services of £30,421 (2021-£17,583) and commissioned services of £8,878 (2021 - £2,047). Donations were £37,835 (2021- £10,641). Additional funds were received via fundraising activities of £2,487 (2021- £nil)

Total expenditure was £70,793 (2021-£28,838) which included all event administration costs and other running

costs of the charity.

Overall both the income and expenditure increased in the year due to the increase in membership and expansion of the

activities of the charity as described above.

POSITIVE PATH FOUNDATION

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

I report to the Trustees on my examination of the financial statements of Positive Path Foundation (the charity) for the year ended 30 September 2022.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

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 financial statements to be reached.

S Coleman ACA Gerald Edelman LLP 73 Cornhill London EC3V 3QQ

Dated: 10 November 2022

POSITIVE PATH FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022

Unrestricted Unrestricted
funds funds
2022 2021
Notes £ £
Income from:
Donations and legacies 2 37,835 10,641
Charitable activities 4 39,613 19,630
Investments 3 5 -
Fundraising activities 2,487 -
Total income 79,940 30,271
Expenditure on:
Fundraising and event costs 6,198 1,714
Charitable activities 5 70,793 27,124
Total expenditure 76,991 28,838
Net income for the year/
Net movement in funds 2,949 1,433
Fund balances at 1 October 2021 3,853 2,420
Fund balances at 30 September 2022 6,802 3,853

BALANCE SHEET .3TAT3 .3TAT3
AS AT 30 SEPTEMBER2022
2022
Notes
Fixed assets
Tangible assets 8 2,633 2,343
Curent assets
Other debtors
Cash at bank and in hand 5,109 500
2,124
CreditorS: amounts falling due within 5,109 2,624
one year 9 (940) (1,114)
Net current assets 4,169 1,510
Total assets less current liabilities 6,802 bett o3,853
82831
Income funds
Unrestricted funds 6,802 3,853

POSITIVE PATH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies

Charity information

Positive Path Foundation is a Charitable Incorporated Organisation registered in England and Wales. The registered office is the New Cabin, Station Road, Sway, Lymington, Hampshire SO41 6AA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Subscriptions from members are recognised in the year in which they fall due.

POSITIVE PATH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and the irrecoverable element of VAT is included in the expenses to which it relates.

Fundraising costs include costs incurred in raising the profile of the charity to include marketing and website provision.

Charitable expenditure relates to those costs incurred directly associated with the provision of services relating to the the primary objectives of the charity being costs incurred either directly or costs in supporting such activities.

Support costs include governance costs which cover expenditure relating to public accountability of the charity and its compliance with regulation and good practice. These costs include those incurred with regard to strategic planning, legal and audit fees and meeting its statutory obligations

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers and equipment 20%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

POSITIVE PATH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Taxation

As a registered charity the Society is exempt from taxation on its activities which fall within the scope of part 10 ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992.

2 Donations and legacies

2022 2021
£ £
Donations and gifts 37,835 10,641

POSITIVE PATH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2022

3 Investments

Interest receivable
4
Income from Charitable Activities
Core Services
Event contributions
Membership subscriptions
Commissioned Services
Other income
5
Charitable activities
Staff costs
Depreciation
Event costs
Support costs
Governance costs		 2022
£
5
2022
£
24,546
5,875
30,421
8,878
314
39,613
Total
2022
£
27,001
1,018
31,860
59,879
9,714
1,200
70,793		 2021
£
-
2021
£
14,649
2,934
17,583
2,047
-
19,630
Total
2021
£
2,250
781
18,441
21,472
4,712
940
27,124

6 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No expenses were repaid to the trustees in the period.

POSITIVE PATH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

7 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2022 2021
Number Number
Total 1 -
Employment costs 2022 2021
£ £
Wages and salaries 27,000 2,250
There were no employees whose annual remuneration was more than £60,000.

8 Tangible fixed assets

Computers and equipment
£
Cost
At 1 October 2021 3,782
Additions 1,308
At 30 September 2022 5,090
Depreciation and impairment
At 1 October 2021 1,439
Depreciation charged in the year 1,018
At 30 September 2022 2,457
Carrying amount
At 30 September 2022 2,633
At 30 September 2021 2,343
9
Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income		 2022
£
-
940
940		 2021
£
174
940
1,114

POSITIVE PATH FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022

10 Related party transactions

Included in donation income is the sum of £27,674 (2021-£4,750) received from the Trustees. There were no other disclosable related party transactions during the year