pc SEW POSITIVE ANNUAL REVIEW & ACCOUNTS 2023/24 Sew Positive is a unique UK charity helping socially excSuded people mend, repair, upcycle and repurpose textiles to calm the mind, improve mental health and wellbeing, and help our planet. CONTENTS Welcome froTn our CEO Executive Summary & Treasurers, Report Our impart The issues we are facing Our amazing volunteers Feedback from our participants Our thèory of changè Events & activitie5 Key funder5 & supporters Strategic Report Statement of Trustee Responsibilities Independent Examiner's Report Statement of Financial Actiwties Balance Shèet Statement of Cash Flow5 Notes to the Financial Statements 10 12 21 ABOUT SEW POSITIVE Charity Registration Numbor 1192682 Structur•, Governance & Management Company Registration Number CE022958 Recruitment and appointment of trustees Sew Positive is administered by a Trustee Board who meet at least four times a year. Tru5tee5 who Served during the year arè detailèd hèrè. Registered Address 1 Fountain Lane, Haslingfield, Cambridgeshire CB23 1 LT Indepgnd•nt Examin•r Victoria Anne Cooper, Red Shoes Accounting Services, Unit 7 E-space North.181 Wisbech Road. Litthport. Cambridgeshire CB6 1 RA Trustees for financial year 2023-24 Sarah Mcmanus (Chairl Jane Webber ICo-Deputy Chairl Alex Collis ICtrDeputy Chairl Joseph Barker-sherry (Treasurer) Dènnis Harhalakis (Outgoing Tr•asurerl Alison Heron CEO Melissa Santiago-val Goveman¢e 5trurture Sew Positive is a Registered Charity INo.'11926821 and a Charitable Incorporated Or9anisation ICI01, registered in England ICE0229581 Judi Coe Karin Read SEWING FOR MENTAL HEALTH BUILDING MINDFULNESS, CONFIDENCE AND COMMUNITY Sew Positive's mission is to provide opportunities for socially excluded people in Cambridgeshire and surrounding areas to nurture their mental health through free sewing workshops and courses. We help people to learn new skills and to feel part of a community, reducing the feeling of social exclusion, whatever the cause - unemployment, financial hardship, youth or old age, ill health, discrimination, alcohol or substance abuse, relationship and family breakdown, or poor housing. We help people to integrate into society, principally through the provision and promotion of creative activities. WELCOME FROM OUR CEO This 2023124 Annual Review (which includes summarised financial figures) celebrates our third year of being a charity, supporting people facing social isolation through sewing to support mental health and well- being. This year our income has stabilised after doubling in the previous financial year. Services and partnerships have grovvn, we have extended our Social Prescribing - highlighted by the NHS as a major tool to help support the health service- and recruited a new Chair and four new trustees. The National Lottery changed its Awards for All from £10K per year to £20K over two year5 to help the administrative burden. Cambridge City Council's United with Ukraine grant has introduced a new third tier of funding to established charities, Such as ourselves, who have a track record of work with Ukrainian refugees. We have also begun moving to a 'matched-funding' approach for services, allowing us to combine programmes and bring together funding from different sources, and collaborate with other charities to help more people from different communities and wider areas of our region. The past 12 months for small charities have been challenging, as over 150 additional charities made a first application to Cambridgeshire Community Foundation for funding. Several large charitable foundations are winding down, such as Lankelly Chase, which has an endowment fortune of £130m.' it is to abolish tself after concluding that tradttional philanthropy is 'function of colonial capitalism" Major funders are also changing strategies to reflect the needs of small charities constantly applying for one-off small pots of funding. ij Collaborations with businesses are increasingly vital. Membership of the 'Networking with Purpose, plarform through Rachel Hales {pictured with mel led to us running an event at law firm Mills & Reeve, and enabled independent funding from Cambscuisine for a continuation of one of our Ukraine projects. Many changes have been possible due to taking part in the inaugural cohort of Fair Collective's 'Small Charity Leaders, Club, training with 45 other small charity leaders. Through membership of the Association of Chief Executives of Voluntary Organisations IACEVOI, I was awarded coaching from Jane Bell, a Charity CEO and mentor for ACEVO. Our volunteers are increasingly leading and co-producing services and working with participants directly.They consistently go above and beyond to find upcycled materials, suggest techniques, share tips and videos, run groups independently during school holidays, and visit homes to sew with participants who are unable to get to groups. l am so grateful for the knowledge, support, encouragement and joy our volunteers bring to Sew Positive, along with the fantastic efforts of our trustees, who are also volunteers. With other charity leaders we are contributin9 to the 'lnfluence and Participation Project., with a focus on mental health. learning disability and autism. The aim is to ensure our charities. NHS and local councils integrate to make health and care more accessible and joined up for Cambridgeshire & Peterborough residents. Melissa Santiago Val IILLS&*EEVI EXECUTIVE SUMMARY & TREASURERS, REPORT Over the next financial year we want to increase our income ar diversify by developing corporate partnerships and fundraising, to provide a reliable unrestricted income stream. As part of this drive we have a 'Running Stitth, team of six runners fundraising for us at the ThP Cambridgè Half- Marathon in 2025. A ￿Tonger and more consistent income will 5UPPQrt us in funding a permanent stsffing structure, vital for futu sustsinability and success. Our income has decreased slightly this financial year from £41.386 in 2022123 to £40,442 in 2023124. This is mostly from project-based grant and trust funding applications. with a mixture of restricted and unrestricted fundin9. but the development of corporate partnerships and other income streams is increasingly vital. Once again we are grateful for the support of Cambridge Council for Voluntary Service ICCVS) as a 'critical friend, as we increase our growth and governance. For context. there are around 2,100 charities operating in Cambridgeshire, over 80% of which have an income of less than £1 CM),OCQ. However, it's not just about donations from businesses, it's about finding common ground for social go¢)d, offering us free office space, matching employees who might need our support, finding new volunteers or gtving Sew Posttive pro bor￿ Servi￿5. We are increasing reach through expanding wdlbeing vfixkshops to businesses. communty fundraisi and events. and applications to become Charity of the Year for local businesses. Our relationship with Grand Arcade the 'Let's Go Circular, Festival enables us to use free space for community events to educate on textile waste Ind upcycling as part ofthe shift towards a circular economy. Earlier this year, we recruited five new trustees to the board - Sarah Mcmanus, Alex Collis, Jane Webber, Karin Read and Joseph Barker-sherry. Sarah took up the role of Chair, with Alex and Jane as Co-Deputy Chairs. All five bring unique skills and experience to strengthen the charity and help us to define and shape our future services. With this recruitment, Lynne Bebee, a founder volunteer and trustee, has stepped down. Lynne contributed to Sew Positive through making masks as a volunteer, *tting ¢Jp our accounts systems and making a huge contribution to administration and govemance. She continues to be involved and support Sew Positive. We are all immensely grateful for her work. Along with their responsibilities, the trustees ensure that all restricted reserves are accounted for in accordance with good financial practice and the will of the funders. As part of this process. we havè also introduced a full Financial Forecast up to 2026127 to help funders understand our funding potential as vve go forward. We now maintain records of our income and expenditure using Xero. Our CEO and Treasurer have developed their knowledge through training provided by our independent accountants. As part of our drive for greater financial stability and governan￿. we have introduced a Reserves Policy to build the Sew P051tive undesignated Ifreel reserves to a level that allows the organisation to manage the variations of funding that are all too common in the sector. We thank all our trustees, both past and present, for their invaluable support and contributions. Joseph Barker-shery OUR IMPACT 2024 SEW POSITIVE 2226 VOLUNTEER HOURS t￿NATED BY 29 VOLUNTEERS ACROSS 15 VENiJES 135 SESSIONS ANO EVENTS 787 PARfCIPANTS OOL)Q 552 INDIVIDUALS TOTAL INCOME OF £40A42 18 FUNDERS & SVPPORTERS 1 HALF MARATHON RUNNER 7 SEWING MACHINES SAVED FROM LANDFILL 32.5M 1152 FL4GS} OF BUNTING MADE FROM VPCYCLED FABRICS BY UKRAINIAN REFUGEES TO CELEBRATE EUROVISION 2023 50% OF OUR WORK IN 202312024 WA5 TH DISPLACED UKR￿NIAN REFUGEES "5•w Positiv• 1$ d•liv•ring •x¢ellgnt r•$ults on a Current proj•d addr•55ing Health Inequalities, and is looking to expand this fantastic work beyond the Southeast Cambridge Integrated Neighbourhood." KElly Grlder5, Integrated NeighbouThotrd Project NOènager- Cambrdye City, Cambrid9eshire sts￿th Care Partn•rship | Cambrid9*shir* & P&tsrborou9h ICS. "Cambridge City Council prioritise5 Its funding to groups who are able to meet our vision of Creating 'One Cambridge, Fair for All.. Wg ar• particularly supportive of groups who aim to tackle inequalities and address social andlor e¢onomi¢ disadvantage experi•tscgd by City residènts. The Council r•¢o9niS•$ the value of arts and cultural activities such as those provided by Sew Positive in improving wellbeing and inclLF5iOn. Julie Cornwell. Community Funding ènd Volvntaty Sector Manag•r Communities Group, Cambridge City Council. THE ISSUES WE ARE FACING LONELINESS, MENTAL HEALTH & SOCIAL ISOLATION TEXTILE WASTE THE CIRCULAR ECONOMY 3.83 mbllion people are chronically lonefy. Keeping itgms of clothing for an extts nlnè months r*duee$ thèir Carbon, wator and waste by 30%. Social Pre5¢ribing work5= wellbei ores increased, with a reduction In att•ndarKe of emergèncy caro. 23 million returned 9arments were 59nt to landFill or in¢ineratgd in thg UK in 2022. More than 3.SB millTron pèople use mentsl health services I￿ the UK. D.. An e5timatgd 336.000 tonnes of Used **Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Other income
5
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15
**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Total income
**Expenditure on:**
Raising funds
Charitable activities
6
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15|**Unrestricted**
**funds**
**£**
623
1,699
5,758
8,080
(9,795)
(9,795)
(1,715)
(1,715)
3,544
1,829
**Unrestricted**
**funds**
**£**
272
14,813
15,085
(126)
(15,375)
(15,501)
(416)
(416)
3,959
3,543|**Restricted**
**funds**
**£**
-
31,862
500
32,362
(36,896)
(36,896)
(4,534)
(4,534)
15,169
10,635
**Restricted**
**funds**
**£**
-
26,592
26,592
-
(11,423)
(11,423)
15,169
15,169
-
15,169|**Total**
**2024**
**£**
623
33,561
6,258| |---|---|---|---| ||||40,442| ||||(46,691)| ||||(46,691)| ||||(6,249)| ||||(6,249)
18,713| ||||12,464| ||||**Total**
**2023**
**£**
272
41,405| ||||41,677| ||||(126)
(26,798)| ||||(26,924)| ||||14,753| ||||14,753
3,959| ||||18,712| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 15. The notes on pages 16 to 25 form an integral part of these financial statements. Page 13 ## **Sew Positive CIO** ## **(Registration number: CE022958) Balance Sheet as at 31 March 2024** |**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
15
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2024**
**£**
852
1,500
10,592
12,092
(480)
11,612
12,464
10,635
1,829
12,464|**2023**
**£**
871
4,090
14,232| |---|---|---| |||18,322
(480)| |||17,842| |||18,713| |||15,169
3,544| |||18,713| For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 13 to 25 were approved by the trustees, and authorised for issue on 22 November 2024 and signed on their behalf by: Joseph Barker- Sherry Trustee The notes on pages 16 to 25 form an integral part of these financial statements. Page 14 ## **Sew Positive CIO** ## **Statement of Cash Flows for the Year Ended 31 March 2024** |**Note**
**Cash flows from operating activities**
Net cash (expenditure)/income
**Adjustments to cash flows from non-cash items**
Depreciation
**Working capital adjustments**
Decrease/(increase) in debtors
12
Increase in creditors
14
Net cash flows from operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
11
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March|**2024**
**£**
(6,249)
568
(5,681)
2,590
-
(3,091)
(549)
(3,640)
14,232
10,592|**2023**
**£**
14,753
434| |---|---|---| |||15,187
(3,928)
280| |||11,539
(1,305)| |||10,234
3,998| |||14,232| All of the cash flows are derived from continuing operations during the above two periods. The notes on pages 16 to 25 form an integral part of these financial statements. Page 15 ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **1 Charity status** The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: 1 Fountain Lane Haslingfield Cambridgeshire CB23 1LT These financial statements were authorised for issue by the trustees on 22 November 2024. ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** 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 applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** Sew Positive CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Income and endowments** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 16 ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## _**Donations and legacies**_ Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Raising funds**_ These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Governance costs** These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets costing £200.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Page 17 ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: **Asset class Depreciation method and rate** Computer equipment 33% straight line Plant and machinery 25% straight line ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **3 Income from donations and legacies** |Donations and legacies;
Donations from individuals|**Unrestricted**
**funds**
**General**
**£**
623
623|**Total**
**2024**
**£**
623| |---|---|---| |||623| - **4 Income from charitable activities** Page 18 ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** |Fundraising income
Grants
**Total for 2024**
**5**
**Other income**
Fees and supplies
**Total for 2024**|**Unrestricted**
**funds**
**General**
**£**
499
1,200
1,699
**Unrestricted**
**funds**
**Other**
**£**
5,758
5,758|**Restricted**
**funds**
**£**
-
31,862
31,862
**Restricted**
**funds**
**£**
500
500|**Total**
**funds**
**£**
499
33,062| |---|---|---|---| ||||33,561| ||||**Total**
**funds**
**£**
6,258| ||||6,258| Page 19 ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **6 Expenditure on charitable activities** |**Unrestricted funds**
**Note**
**General**
**£**
**Other**
**£**
-
-
-
358
-
7,152
-
232
-
400
-
19
Depreciation,
amortisation and
other similar costs
568
-
Allocated support
costs
7
586
-
Governance costs
7
480
-
1,634
8,161
Depreciation, amortisation and other similar costs
Allocated support costs
Governance costs|**Restricted**
**funds**
**£**
3,033
-
-
-
673
-
-
33,190
-
36,896
**Note**
7
7|**Total**
**2024**
**£**
3,033
358
7,152
232
1,073
19
568
33,776
480| |---|---|---| |||46,691| |||**Total**
**2023**
**£**
-
-
-
-
-
-
434
23,875
480| |||24,789| In addition to the expenditure analysed above, there are also governance costs of £480 (2023 - £480) which relate directly to charitable activities. See note 7 for further details. ## **7 Analysis of governance and support costs** ## **Governance costs** Page 20 ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** |Independent examiner fees
Examination of the financial statements
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**General**
**£**
480
480
480|**Total**
**funds**
**£**
480| |---|---|---| |||480| |||480| Page 21 ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **8 Net incoming/outgoing resources** Net (outgoing)/incoming resources for the year include: |Depreciation of fixed assets
**9**
**Independent examiner's remuneration**
Examination of the financial statements|**2024**
**£**
**2023**
**£**
568
434
**2024**
**£**
**2023**
**£**
480
480| |---|---| ## **10 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **11 Tangible fixed assets** |**Cost**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
At 31 March 2023
**12 Debtors**
Trade debtors||**Furniture and**
**equipment**
**£**
1,305
549|**Total**
**£**
1,305
549
1,854
434
568
1,002
852
871
**2023**
**£**
4,090| |---|---|---|---| |||1,854|| |||434
568|| |||1,002|| |||852|| |||871|| |||**2024**
**£**
1,500|| ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **13 Cash and cash equivalents** |Cash at bank
**14 Creditors: amounts falling due within one year**
Accruals
**15 Funds**
**Balance at 1**
**April 2023**
**£**
**Incoming**
**resources**
**£**
**Unrestricted funds**
**_General_**
Movement
3,544
8,080
**Restricted funds**
Movement
15,169
32,362
**Total funds**
18,713
40,442
**Analysis of funds by project**
**Note**
**2024- C/fwd**
**Expenditure**
**£**
Corporate Wellbeing events
1,431
(2,078)
The Red Hen Project-
Collaboration
2,000
-
Cambridge County Council-
Cultivate
1,781
(11,555)
Cambridge City Council with
Ukraine Grants Programme-
Sewing machines
(279)
(5,279)
South Cambs District
Council- Community chest
1,678
(322)
Cambridge City Council
United with Ukraine Grants
Scheme- Crewelwork
2,417
(2,583)
The National Lottery
Community Fund-
Sewcialise
8,033
(1,967)|**2024**
**£**
10,592
**2024**
**£**
480
**Resources**
**expended**
**£**
(9,795)
(36,896)
(46,691)
**Income**
**£**
3,508
2,000
7,000
5,000
2,000
5,000
10,000|**2023**
**£**
14,232| |---|---|---| |||**2023**
**£**
480| |||**Balance at 31**
**March 2024**
**£**
1,829
10,635| |||12,464| |||**B/Fwd**
**£**
-
-
6,336
-
-
-
-| ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** |**Note**
The National Lottery
Community Fund
(Eurovision and Coronation
fund)
Evelyn Trust Health- Health
and wellbeing grants
CPSL Mind for VCSE panel
Cambridge City Council
United with Ukraine Grants
Programme- Boro bags
Power Up!- Community
event
Core costs
Cambridge Community
Foundation CambsCuisine
Fund
**Unrestricted funds**
**_General_**
Movement
**Restricted**
Movement
**Total funds**|**Note**
The National Lottery
Community Fund
(Eurovision and Coronation
fund)
Evelyn Trust Health- Health
and wellbeing grants
CPSL Mind for VCSE panel
Cambridge City Council
United with Ukraine Grants
Programme- Boro bags
Power Up!- Community
event
Core costs
Cambridge Community
Foundation CambsCuisine
Fund
**Unrestricted funds**
**_General_**
Movement
**Restricted**
Movement
**Total funds**|**2024- C/fwd**
274
(658)
-
163
500
(6,260)
1,384
12,464
**Balance at 1**
**April 2022**
**£**
3,959
-
3,959||**Expenditure**
**£**
(8,734)
(357)
(250)
(592)
-
(11,497)
(1,478)|**Income**
**£**
-
-
250
-
500
2,323
2,862
40,443
**Resources**
**expended**
**£**
(15,500)
(11,423)
(26,923)|**B/Fwd**
**£**
9,008
-
-
533
-
2,836
-| |---|---|---|---|---|---|---| |||||(46,692)||18,713| |||||**Incoming**
**resources**
**£**
15,085
26,592
41,677||**Balance at 31**
**March 2023**
**£**
3,544
15,169| |||||||18,713| ## **16 Analysis of net assets between funds** |**16 Analysis of net assets between funds**||| |---|---|---| |Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
989
12,092
(480)
12,601|**Total funds**
**at 31 March**
**2024**
**£**
989
12,092
(480)| |||12,601| ## **Sew Positive CIO** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** |Tangible fixed assets
Current assets
Current liabilities
Total net assets
**17 Analysis of net funds**
Cash at bank and in hand
Net debt|**At 1 April**
**2023**
**£**
14,232||**Unrestricted**
**funds**
**General**
**£**
871
18,322
(480)
18,713
**Financing**
**cash flows**
**£**
(3,640)
(3,640)|**Total funds**
**at 31 March**
**2023**
**£**
871
18,322
(480)| |---|---|---|---|---| |||||18,713| |||||**At 31 March**
**2024**
**£**
10,592
10,592| ||14,232|||| ## **Sew Positive CIO** ## **Statement of Financial Activities by fund for the Year Ended 31 March 2024** ## **Unrestricted Funds** ||**Total**|**Total**| |---|---|---| ||**Unrestricted**|**Unrestricted**| ||**Funds**|**Funds**| ||**2024**|**2023**| ||**£**|**£**| |**Income and Endowments from:**||| |Donations and legacies|623|272| |Charitable activities|1,699|14,813| |Other income|5,758|-| |Total income|8,080|15,085| |**Expenditure on:**||| |Raising funds|-|(126)| |Charitable activities|(9,795)|(15,375)| |Total expenditure|(9,795)|(15,501)| |Net expenditure|(1,715)|(416)| |Net movement in funds|(1,715)|(416)| |**Reconciliation of funds**||| |Total funds brought forward|3,544|3,959| |Total funds carried forward|1,829|3,543| This page does not form part of the statutory financial statements. Page 26 ## **Sew Positive CIO** ## **Statement of Financial Activities by fund for the Year Ended 31 March 2024** ## **Restricted Funds** |**Restricted Funds**||| |---|---|---| |**Income and Endowments from:**
Charitable activities
Other income
Total income
**Expenditure on:**
Charitable activities
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**Restricted**
**Funds**
**2024**
**£**
31,862
500
32,362
(36,896)
(36,896)
(4,534)
(4,534)
15,169
10,635|**Total**
**Restricted**
**Funds**
**2023**
**£**
26,592
-| |||26,592| |||(11,423)| |||(11,423)| |||15,169| |||15,169
-| |||15,169| This page does not form part of the statutory financial statements. Page 27 ## **Sew Positive CIO** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** |**Income and Endowments from:**
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2024**
**£**
623
33,561
6,258
40,442
-
(46,691)
(46,691)
(6,249)
(6,249)
18,713
12,464|**Total**
**2023**
**£**
272
41,405
-| |---|---|---| |||41,677| |||(126)
(26,798)| |||(26,924)| |||14,753| |||14,753
3,959| |||18,712| This page does not form part of the statutory financial statements. Page 28 ## **Sew Positive CIO** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** |**_Donations and legacies_**
Appeals and donations
**_Charitable activities_**
Other income
Grants receivable
Grants receivable
Grants receivable
Grants receivable
Other
**_Other income_**
Other income
Other income
Other income
**_Raising funds_**
Fundraising costs
**_Charitable activities_**
Materials
Materials
Materials
Materials
Subcontract cost
Subcontract cost
Subcontract cost
Subcontract cost
Staff training
Staff training
Sundry expenses
Sundry expenses
Rent
Rent
Insurance
Insurance|**Total**
**2024**
**£**
623
623
-
-
31,862
-
1,200
499
33,561
500
2,508
3,250
6,258
-
-
(3,033)
-
(358)
-
(28,745)
-
(7,152)
-
(232)
-
-
-
(1,773)
-
(187)
-|**Total**
**2023**
**£**
272| |---|---|---| |||272| |||3,200
23,392
-
2,700
-
12,113| |||41,405| |||-
-
-| |||-| |||(126)| |||(126)| |||-
(2,999)
-
(2,010)
-
(6,800)
-
(9,200)
-
(49)
(90)
(108)
(779)
(1,194)
-
(5)| This page does not form part of the statutory financial statements. Page 29 ## **Sew Positive CIO** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** |Insurance
Travelling
Volunteer expenses
Volunteer expenses
Telephone and fax
Office expenses
Computer software and maintenance costs
Computer software and maintenance costs
Computer software and maintenance costs
Printing, postage and stationery
Printing, postage and stationery
Trade subscriptions
Advertising
Advertising
Accountancy fees
Bank charges
Depreciation of plant and machinery
Depreciation of office equipment
Independent examiner's fee|**Total**
**2024**
**£**
-
(237)
(146)
(65)
(282)
-
(673)
(400)
-
(19)
-
-
(2,339)
-
-
(2)
(137)
(431)
(480)
(46,691)|**Total**
**2023**
**£**
(143)
-
(405)
(203)
(108)
(550)
-
-
(219)
-
(37)
(219)
(440)
(7)
(259)
(60)
-
(434)
(480)| |---|---|---| |||(26,798)| This page does not form part of the statutory financial statements. Page 30 SEW POSITIVE sewpositive.org SewPositiveCharity @SewPositiveCharity info@sewpositive.org Annual Report and Flnan¢lal Statem•nts for the Year Ended 31 March 2024. Sew Po$itlve is a Registered Charity INo:11926821 and a Charitable Incorporated Organisation ICIOI. r•gisterod in England ICE0229581 Registered Offiee- 1 Fountaln Lahe, Haslingfield, Cambrldge, CB23 1 LT