**Charity registration number 1185186 (England and Wales)** 

## **POSITIVE PATH FOUNDATION** 

**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024** 



## **POSITIVE PATH FOUNDATION** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**Trustees** Mrs J Atkinson Ms A Graham-Gage 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** H Woolf FCA 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|
|Statement of Trustees' responsibilities|3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 12|





## **POSITIVE PATH FOUNDATION** 

## **TRUSTEES' REPORT** 

## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

The Trustees present their annual report and financial statements for the year ended 30 September 2024. 

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 100 registered members. We have added approximately 8 net new members since the last financial year (92), although not all are regular participants in our events and activities. Membership growth was via website applications and referrals from local authorities, social services, social prescribers, CAMHS and also by word of mouth recommendation. During the year we also received several direct referrals from our Employability Pathway partner, Minstead Trust. 

We held two or three events or activities each month and skills workshops every quarter. The increased demand for mentoring and therapy services we saw last year continued in 2024, due to a growth in the number of high- functioning autistic young people and their families seeking support for mental health issues, plus an increase in membership applications from individuals specifically for access to supported employment opportunities. 

Our annual Residential Activities Weekend in Osmington Bay, Weymouth was a great success enjoyed by all members participants and this event continues to be a firm favourite with all who attend. 

## **Financial review** 

The net income in the year was £3,036 (2023 Expenditure - £597). 

Total income was £88,910 (2023 - £86,737) which included Income from core services of £19,900 (2023 - £19,052) and commissioned services of £7,723 (2023 - £13,213). Donations were £60,647 (2023 - £52,662). 

Total expenditure was £85,874 (2023 - £87,334) which included all event administration costs and other running costs of the charity. 

Overall both the income and expenditure in the year were broadly similar to the prior year.. 

- 1 - 



POSITIVE PATH FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Haling mivwed the c*ali￿$ Ilnarwiol frKecasl and exrethd fityr• ￿$h flcms th? Tnmtees hwo o r••sona￿ 8XF•(AalK
that the tharrty has adequate resources lo continue in operaknal exislenco for the fores••th fithjfè and for a perknd of not
less than 12 monlhs from the dale ol approval of Ihese firw)cial statements.
Ac££rfdingty, the Trustees ojn11n￿ lo atlopt the gciThJ oMcem basi$ in preparThJ thg fThnual strt￿OrrtS for the y
eThJed 30 September 2024. Further d8tails regarding awwyi of the goirvJ ct)nc*m basts can be fwnd in note 12 to the
fmwal statements.
The tharity has no fixed reseTh*s policy al Present arKI wil ￿￿"nue to be sUpp￿ts￿ by thg Trustees as 8TrJ wt￿1 furfher
fimds are requirwl. There 15 8 rewnth.on that exlemal lurKls Mll be required to asyst the progres￿On of the in
that regard the Trustees are in the process of app￿.n9 lor fvn¢*ThJ froffl suitsble sources aThl Ofgani8alh)n$.
Thè Trustee$ ha￿ assessed the major r*ks to t*hic* the is exposed. and are sali5W that sys¢ems are to
mibgate exposurn to the mapr risks.
strnthff*. gov•mance and manag¢m•nt
Tr* tharity is a Charitable IrKwporaled Organi5atKn lepsle￿ wih the Chwity Conwnlss•￿ on 5 S8ptemter 2019
nknl by a Con$l1tul￿n of tt* dalo.
Tntslees who sfjr￿d <knwvJ the year and up lo th• dale of$v￿ature olthe fift￿•1 slatem•nts were:
Mrs JAlkinson
Ms A Graham-Gage
Mr R Balfour-Lynn
Mrs J Summers
Mrs M Vrahimi
Mrs L Dawes
(appoirrted 31 Marth 2025)
Irebred 31 Marth 2025)
Addrt*)nal Tru$ltes are wliled ty the BOS￿ at di5(xekn lakA)g into aee<xffit thoir sulablity bad¢wtyrt
NL¥* ofthe Trustees has •)y be￿￿?81 interest CIO. Al clthe TNstees are ofthè CIO and guar*e to
ctyrfr1b￿ £1 in the event ofa wiThJing up.
The day lo day a¢Alvrt￿S ofthe (W are dealt wilh by the Intstee Mrn J Atknnson $￿p(￿led by a part time adTh¥str
The TFustee8' report was ¥pwo%wJ by the Bo•Td of Tftffjt￿.
J Athln•on
Twstoe
O*•J.' 13 JLW)e 2025

## **POSITIVE PATH FOUNDATION** 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. 

In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

- 3 - 



## **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 2024. 

## **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. 

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

## **Independent examiner's statement** 

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements 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 the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice. 

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: 

- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. 

- 2 the financial statements do not accord with those records; or 

- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. 

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. 

H Woolf FCA Gerald Edelman LLP 73 Cornhill London Dated: 13 June 2025 EC3V 3QQ 

- 4 - 



## **POSITIVE PATH FOUNDATION** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2024**|2023|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**2**|60,647|52,662|
|Charitable activities|**4**|27,623|32,264|
|Investments|**3**|12|24|
|Fundraising activities||-|499|
|Other income||628|1,288|
|**Total income**||88,910|86,737|
|**Expenditure on:**||||
|Fundraising and event costs||3,013|2,142|
|Charitable activities|**5**|82,861|85,192|
|**Total expenditure**||85,874|87,334|
|**Net income/(expenditure) for the year/**||||
|**Net movement in funds**||3,036|(597)|
|Fund balances at 1 October 2023||6,205|6,802|
|**Fund balances at 30 September 2024**||9,241|6,205|



- 5 - 



POSITIVE PATH FOUNDATION
BALANCE SHEET
AS AT 30 SEPTEAIBER 2024
Flx•d ••*•ts
Tangible assets
2.107
Cash at bank and ￿ haThJ
9.355
Crndltorn: amounts f•lllng Ththln
one ygar
10
I1.8(￿)
7.55S
Tolal a8••ts l•M curr•nt li•bllS1i
9.241
6,2Lk5
In¢om• filnds
unrestr￿¢￿ funds
9.241
Th8 finaTrial statements were wro¥ed by the Trusl¢gs on 13 Jur• 2025
MT5 J Atkinsc

## **POSITIVE PATH FOUNDATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **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. 

- 7 - 



## **POSITIVE PATH FOUNDATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **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 independent examination 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. 

## _**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. 

- 8 - 



## **POSITIVE PATH FOUNDATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **1 Accounting policies** 

**(Continued)** 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors 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. 

## **1.9 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. 

## **1.10 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** 

|Donations and gifts<br>**3**<br>**Investments**<br>Interest receivable|**2024**<br>**£**<br>60,647<br>**2024**<br>**£**<br>12|2023<br>£<br>52,662|
|---|---|---|
|||2023<br>£<br>24|



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## **POSITIVE PATH FOUNDATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **4 Income from Charitable Activities** 

|Core Services<br>Event contributions<br>Commissioned Services|**2024**<br>**£**<br>19,900<br>7,723<br>27,623|2023<br>£<br>19,052<br>13,212|
|---|---|---|
|||32,264|



## **5 Charitable activities** 

|**Total**<br>**2024**<br>**£**<br>Staff costs<br>28,479<br>Depreciation<br>421<br>Event costs<br>38,591<br>67,491<br>Support costs<br>13,910<br>Governance costs<br>1,460<br>82,861<br>**6**<br>**Net movement in funds**<br>**2024**<br>**£**<br>The net movement in funds is stated after charging/(crediting):<br>Independent examination fees<br>1,460<br>Depreciation of owned tangible fixed assets<br>421|**Total**<br>**2023**<br>**£**<br>27,016<br>527<br>45,110|
|---|---|
||72,653<br>11,339<br>1,200|
||85,192|
||**2023**<br>**£**<br>1,200<br>527|



## **7 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. 

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## **POSITIVE PATH FOUNDATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **8 Employees** 

The average monthly number of employees during the year was: 

|The average monthly number of employees during the year was:|||
|---|---|---|
||**2024**|**2023**|
||**Number**|**Number**|
|Administration|1|1|
|**Employment costs**|**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|28,479|27,016|
|There were no employees whose annual remuneration was more than £60,000.|||



## **9 Tangible fixed assets** 

|**9**|**Tangible fixed assets**|||
|---|---|---|---|
|||**Computers and equipment**||
||||**£**|
||**Cost**|||
||At 1 October 2023||5,091|
||At 30 September 2024||5,091|
||**Depreciation and impairment**|||
||At 1 October 2023||2,984|
||Depreciation charged in the year||421|
||At 30 September 2024||3,405|
||**Carrying amount**|||
||At 30 September 2024||1,686|
||At 30 September 2023||2,107|
|**10**|**Creditors: amounts falling due within one year**|||
|||**2024**|**2023**|
|||**£**|**£**|
||Accruals and deferred income|1,800|940|
|**11**|**Related party transactions**|||



Included in donation income is the sum of £29,000 (2023-£28,000) received from the Trustees. There were no other disclosable related party transactions during the year 

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## **POSITIVE PATH FOUNDATION** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_ 

## **12 APB Ethical Standard relevant circumstances** 

In common with many entities of our size we use our independent examiners to assist with the preparation of the accounts. 

- 12 -