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2023-03-31-annual-report

Positive Futures: Achieving Dreams. Transforming Lives.

Annual report and consolidated financial statements for the year ended 31 March 2023

Registered No: NI 029849

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Annual report

Page (s)
Trustees and advisers 2
Trustees’ report 3 – 11
Report of the independent auditors 12– 14
Consolidated Statement of Financial Activities 15
Company Statement of Financial Activities 16
Consolidated Balance sheet 17
Company Balance sheet 18
Consolidated Cash flow Statement 19
Notes to the accounts 20 – 34

Page 1

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees and advisers

Trustees Directors Team Miriam Somerville (Chair) Chief Executive Agnes Lunny (retired 25 October 2022) Group Director Paul Roberts Carol Workman Group Director Fiona McCabe (appointed 25 July 2022) Laurence Taggart Finance Director Liam Dorrian John Alexander (Chair) Interim HR Director Joanne Corcoran (11 September 2020 to 30 June 2022) Geraldine Cunningham HR Director Christopher Perry (appointed 23 June 2022) Mary Bryce (Vice Chair) Operations Director Frances Murphy Austin Treacy Corporate Services Director Joanne Corcoran Mairead Mitchell David Scoffield Jim Gamble Ian Edwards (Hon. Treasurer) (resigned 27 June 2023) Stephen Cross Peter Woodhead (appointed 25 October 2022)

Secretary

Dawn Morrow

Auditors

ASM (B) Ltd Chartered Accountants and Statutory Auditors Glendinning House 6 Murray Street Belfast BT1 6DN

Solicitors

Worthington Solicitors J Blair Employment Law Solicitors 2 Court Street 106 Malone Avenue Newtownards Belfast BT23 7NX BT9 6ES

Bankers

Danske Bank Bloomfield Shopping Centre South Circular Road Bangor BT19 7HB

Investment Advisors Quilter Cheviot Montgomery House 29-33 Montgomery Street Belfast BT1 4NX

Registered Office and Head Office

2b Park Drive Bangor BT20 4JZ

Registered name of Charity

Positive Futures: Achieving Dreams. Transforming Lives. Registered with the Charity Commission for Northern Ireland: Charity Number: 101385 Company Number: NI 029849

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report

The Trustees present their report and the audited accounts for the year ended 31 March 2023. The Trustees’ Report also incorporates the requirements of a Strategic Report as required by legislation.

OBJECTIVES AND ACTIVITIES

Our charity’s purposes, as set out in the objects contained in the Company’s Memorandum and Articles of Association, are to:

The aims of our charity are to support children and adults with a learning disability, acquired brain injury or autistic spectrum condition to lead full and valued lives in their own communities.

Public benefit statement

The Trustees have had regard to the Charity Commission’s statutory guidance on public benefit.

The direct benefits which flow from our purposes include:

Who used and benefitted from our services?

At the end of March 2023, Positive Futures: Achieving Dreams. Transforming Lives. (“Positive Futures (NI)”) provided direct support to 389 people (2022, 418 people). The decrease in the number of people supported was largely linked to the termination of short-term funded projects, namely the Better Together Project which ended in June 2022, and MACE, a time-limited programme linked to the Lakeland Family Support Service which ended in March 2023. The number of people supported through our supported living services and peripatetic services increased from 136 in 2022 to 142 in 2023. These are long term support arrangements which, in the main, support people with complex needs and require significant funding and staffing levels.

In addition to the 389 people directly supported, the families and carers of these individuals also benefitted indirectly from the support provided.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report (continued)

We provided the following services:

Volunteers – Our volunteers in Northern Ireland are involved in a range of activities, from administrative tasks, through to supporting the people we support to have the life they want. The contribution made by our volunteers in family support and shared lives services is critical to the successful delivery of services.

Throughout the year we continued to benefit from the support of volunteers, although, the impact of the Covid19 pandemic, means that the number of volunteer hours has reduced in comparison to pre-pandemic.

At the end of March 2023, Positive Futures: Achieving Dreams. Transforming Lives CLG (“Positive Futures (ROI)”), a subsidiary of Positive Futures (NI), and the National Association of Housing for Visually Impaired (“NAHVI”) (which transferred into the group on 1 September 2022) supported 108 adults and children through a range of services. This is an increase of 32 on the previous year. The services delivered by Positive Futures ROI and NAHVI are as follows:

In addition to the 108 people directly supported by Positive Futures ROI and NAHVI, the families and carers of these individuals also significantly benefitted from the support provided.

Our Corporate Aims

Our Corporate Aims for 2020-24 in both Positive Futures (NI) and the other group companies:

Recruitment and Retention

By 2024 we will have reduced vacancies to 5% of organisational size and be the ‘preferred employer’ (‘employer of choice’) in the sector as demonstrated by:

Efficiency and Effectiveness

By 2024 we will free up management time by a minimum of 10% through identifying and improving internal processes and systems and refocusing time on staff / team development.

Growth

By 2024 we will secure a range of accommodation options to support a minimum of 30 additional people.

Influence and Funding

By 2024 we will have:

In addition to these four priority areas, we have confirmed our commitment to playing our part in tackling climate change. In 2023, we will agree an organisational position statement and associated action plan on climate change.

Owing to the continuing challenges linked to the Covid-19 pandemic and workforce pressures, we extended our corporate plan and annual business plan to run until March 2024. Our progress against our current Corporate

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report (continued)

Plan is reviewed and reported on to Trustees on a quarterly basis (see section on future plans in relation to our next Corporate Plan).

Positive Futures (ROI) provided management and governance oversight to NAHVI since 2018, culminating in the membership transfer of NAHVI to Positive Futures (ROI) on 1 September 2022. NAHVI’s strategic objectives are therefore aligned with Positive Futures’ Corporate Aims for 2020-24.

Ensuring our work delivers our aims

Our governance framework comprises the values, culture, systems and processes by which Positive Futures (NI) and its subsidiaries are directed and controlled and the activities through which we are answerable to, and engage with, the people we support, funders, the public and other stakeholders. This enables us to monitor the achievement of our corporate objectives and to consider whether those objectives have led to the delivery of value-adding services.

To direct and guide the organisation’s objectives and activities, Positive Futures (NI) and its subsidiaries have an over-arching corporate plan, from which annual business plans are developed. The Corporate Plan is a forwardlooking document and the annual business plan links our operational activities to our Corporate Plan (currently extended to March 2024). Work is progressing to plan our next Corporate Plan, which will be implemented from April 2024 onwards.

Positive Futures (NI) and its subsidiaries have continued to develop and deliver our service offer to ensure that we appropriately meet the needs of the people we support. Our success in supporting people with complex needs and behaviours of concern is an area which is achieving ever-more recognition across both jurisdictions. This success is significantly contributed to by the development of our Positive Behaviour Support Team which not only focuses on providing training and guidance, but also providing hands-on support and coaching to our staff in the understanding and management of particular behaviours.

We review our business aims, objectives and activities each year to see what we have achieved and the outcomes of our work. We check the success of each key activity and the outcomes for the people we support, their families and carers. This helps us to ensure that what we are doing remains focused on our stated purposes and for the public benefit.

ACHIEVEMENTS AND PERFORMANCE

By March 2023, we achieved the following:

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report (continued)

• Growth

As can be seen above, NAHVI benefitted from a range of Positive Futures’ organisational initiatives contained within the 2022-24 business plan, but also progressed specific activities, including progressing work to ensure it meets its regulatory and statutory obligations as an Approved Housing Body ahead of the statutory deadline for full registration with the Approved Housing Bodies Regulatory Authority in December 2025. Progress to date with this work has enabled NAHVI to prepare to apply for funding from the Capital Assistance Scheme to purchase a property for a person currently supported by Positive Futures (ROI).

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report (continued)

FINANCIAL REVIEW

Positive Futures (NI) receives contract funding from a range of statutory organisations including all five Health and Social Care Trusts in Northern Ireland. Our supported living, peripatetic housing support and shared lives (adult placement) services also receive funding from the Northern Ireland Housing Executive Supporting People Programme. The subsidiary companies in the Republic of Ireland receive funding from the HSE for the provision of supported living, community support, day opportunities, residential and HomeShare services. In addition, we receive income from grants, foundations, charitable trusts, individuals and community fundraising activities to fund specific projects.

Details of the group and company results for the year including our income and related expenditure, balance sheet and the related notes can be found on pages 20 - 34.

As a group, income has increased to £20,329,429 (2022: £18,312,531). The growth has come from all 3 organisations in the group.

In Northern Ireland, we continue to operate in a challenging environment with increasing costs and continued pressure from funders to deliver efficiencies in the services we provide. However, during the year we have increased the number of people we support in supported living services and income has also increased by £912,885 to £15,060,114 (2022: 14,093,712).

As is the case for all social care providers in Northern Ireland, we continue to face significant challenges in the recruitment and retention of quality staff required for the delivery of high quality services. This resulted in continued, significant, spending on agency workers of £1,329,778 (2022: £871,425).

Following changes in the values of our investments, we recorded a loss of £77,115 (2022: gain £9,027). Investments are reflected on the Balance Sheet at market value at 31 March 2023. Since the year end the market value of the charity’s investments has dropped due to various market factors. The charity holds investments for income and for long term gains.

While the Trustees are pleased to report a surplus across the group of £2,668,425 (2022: £686,608) we note this is also partly due to one off transactions related to this financial year.

Group turnover included Covid-19 funding received in respect of expenditure incurred in previous periods (£406,823) as well as NAHVI surplus following the change of control (£104,019). Group Surplus includes the value of NAHVI assets included upon change of control of £2,098,328.

The total group funds at 31 March 2023 were £8,516,892 (2022: £5,848,467). The total funds held for restricted purposes is £3,494,649 and of the unrestricted funds the Trustees have designated £2,222,523 details of this are shown in note 18.

The Trustees believe that despite the continuing challenging environment in Northern Ireland, the group remains in a good financial position.

The main financial risks the Trustees have identified are outlined in the Key Risks and Uncertainties section of this report.

KEY RISKS AND UNCERTAINTIES

Positive Futures’ approach to risk management is guided by the Code of Good Governance and other professional best practice and takes full cognisance of the context and environment in which we operate. Our approach is not designed to eliminate all risk, rather to balance control, cost of control and appropriate risk taking. We have a risk management policy and procedure which clearly defines roles and responsibilities and details procedures for risk identification, monitoring, reporting and escalation of issues.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report (continued)

The Corporate Risk Register is overseen and managed by the Corporate Services Director and owned by all Directors. The Corporate Risk Register (CRR) is a standing item at each of the meetings of the Board of Trustees (in both Northern Ireland and the Republic of Ireland).

During the reporting period, the CRR has included the following high risks:

In both NI and ROI, the Covid-19 pandemic remained a high risk on the Corporate Risk Register for the majority of the reporting period however this risk was de-escalated to the Operations Department Risk Register in February 2023 (following changes in some health and social care restrictions and ongoing effectiveness of risk control measures).

In NI, the other significant risk relates to staffing and workforce issues. In September 2022, the seriousness of this risk and the impact on our NI services resulted in an escalation of the risk to a critical rating (i.e. the most significant rating within our Risk Management Policy). In response to this critical risk, a Critical Incident Management Team (CIMT) was established and a range of additional measures implemented to manage this critical risk. At the end of the reporting period (March 2023), the risk remained at a critical level, although there were improvements in overall staffing levels by this date.

The financial impact of the staffing issues and risk means we are budgeting for a financial deficit in NI for 2023/24. Following previous years of good financial management, the Trustees are confident that both the cash reserves held and the liquidity of our investments ensures we have adequate resources to meet the ongoing day to day operational needs of the organisation. Therefore the Trustees believe there is no issue in relation to the going concern status of the organisation.

To eliminate this budget deficit the leadership team continues to engage with the Department of Health and HSCTs to ensure our funding levels enable us to pay a rate of pay so we can recruit and retain both the quantity and quality of social care staff required to meet people’s needs.

As part of our approach to risk management, we have introduced an electronic risk, performance and meeting management system (DecisionTime, funded by the Supporting People Programme – Provider Innovation Fund). Rollout of this tool has been delayed (linked to challenges within operations to free managers up to work on the rollout) however a successful pilot has been completed in one of our supported living services which is now using the tool for the Service Risk Register. In 2023, training (including a session for Trustees) and roll out work to other services will be progressed.

PLANS FOR FUTURE PERIODS

Our Corporate Plan 2020-24 sets out our corporate objectives for Positive Futures (NI) and its subsidiaries which inform each of our annual business plans (see earlier section for the detail of the four current priority areas of our Corporate Plan until March 2024).

We are starting to plan for the development of our next Corporate Plan (which will run from April 2024). This will be an all-Ireland plan covering all Group entities.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report (continued)

STRUCTURE, GOVERNANCE AND MANAGEMENT

Positive Futures (NI) was first established on 2 October 1995 and was initially called United Response NI. We changed our name to Positive Futures in 2002 and have a Memorandum of Association which established our objects and powers and we are governed under its Articles of Association. We are a company limited by guarantee (CRN NI 29849) and are a registered charity with the Inland Revenue (charity number XR28291) and the Charity Commission NI (CCNI 101385). The address of the company’s registered office, which is also its principal address, is given on page 2.

The charity is managed by a Directors’ Team, headed by the Chief Executive, which operates within the authorities as delegated by the Trustees and detailed in the Delegated Authorities Policy. The governing body is the Board of Trustees whose members are also directors for the purposes of company law. Members of the Board of Trustees are elected by other Trustees and have responsibility for ensuring that the charity is performing well, is solvent and complies with all its obligations. The Directors’ Team reports to and attends Board and Sub Committee Meetings.

The Board is comprised of a Chair, Vice-Chair, Honorary Treasurer and Trustees with skills in HR, Law, Safeguarding, Education, Learning Disability Services, Finance and lived experience. At the end of March 2023 there were 12 Board members. Members of the Directors’ Team and the Board of Trustees are listed on page 2.

The Trustees have put in place a formal risk management framework for the charity to identify the major risks that the charity faces and establish systems to manage and mitigate those risks.

Members of the Board of Trustees receive no remuneration. Where claimed, expenses are reimbursed.

New Trustees are invited to meet with the Chair and the Chief Executive and are provided with an induction which includes clarification of roles, responsibilities and expectations of Trustees. The charity has a “Trustees Contact with Services Policy” which details the relationship between Trustees and the wider organisation and the expectation that Trustees will meet and spend time with staff and the people we support, however this is yet to be fully reinstated following the pandemic. Throughout this financial year, Trustees have returned to face to face Board meetings, although Committee Meetings remain virtual.

The arrangements for setting the pay and remuneration for the charity’s Chief Executive and Group Director lie with the Remuneration Committee of the Board of Trustees; this comprises three Trustees, one of whom is the Chair. In determining pay levels, the Committee benchmarks with equivalent market rates of pay, terms and conditions.

Subsidiaries

Positive Futures (NI) is the parent company of three subsidiary companies: Positive People (NI) C.I.C., Positive Futures: Achieving Dreams. Transforming Lives. CLG (Positive Futures (ROI)), and National Association of Housing for Visually Impaired Company CLG. The details of these subsidiaries are provided in note 12 in the accounts.

The Trustees of Positive Futures (NI) are responsible for the Group's overall strategic direction.

Governance Review

Board performance in both Positive Futures (NI) and Positive Futures (ROI) was reviewed in the summer. This included individual reviews with each Board member as well as a review of the Chief Executive’s performance.

The Code of Good Governance (NI) and Charities Governance Code (ROI) sets out the principles and key elements of good governance for the Boards to follow.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report (continued)

Following the membership transfer of NAHVI to Positive Futures (ROI) on 1 September 2022, four Trustees resigned from the NAHVI Board, with three Trustees continuing in their role. Anthony Walsh and Karen Charnley joined the Board in August 2022 and December 2022 respectively, bringing skills and knowledge to the Board in the fields of finance, business and housing. Fiona Keogh, Trustee since Positive Futures (ROI) began providing governance oversight to NAHVI in 2018, assumed the role of Chairperson in December 2022. An audit of the skills, knowledge and experience of the Board will be carried out in September 2023, and we will recruit to the Board as any skills gaps are identified.

REFERENCE AND ADMINISTRATIVE DETAILS

The details of the charity, Trustees, Chief Executive and Directors Team to whom the Trustees delegate day to day management of the charity, together with other relevant professional organisations who provide services and advice to the charity are listed on page 2.

Statement of recommended practice

The accounts have been prepared in accordance with applicable accounting standards, the Companies Act 2006 and the Statement of Recommended Practice (“SORP”) 'Accounting and Reporting by Charities (FRS 102)' and in accordance with Financial Reporting Standard 102.

Trustees' responsibilities

The Trustees are required by company law to prepare accounts for each financial year that give a true and fair view of the state of affairs of the company as at the end of the financial year and of the surplus or deficit of the company for that year.

The Trustees confirm that suitable accounting policies have been used, and these have been applied consistently, and reasonable and prudent judgements and estimates have been made in the preparation of the accounts for the year ended 31 March 2023. The Trustees also confirm that applicable accounting standards have been followed and that the accounts have been prepared on the going concern basis.

The Trustees are responsible for keeping proper accounting records, for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Internal financial controls

The Board of Trustees has overall responsibility for ensuring that the company has in place an appropriate system of internal controls, financial and otherwise, to provide reasonable assurance that:

The company’s systems of financial control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

Statement of disclosure to auditors

The Trustees confirm that:

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Trustees’ Report (continued)

Employee involvement, equal opportunities and disabled employees

Since its inception, Positive Futures has had an Equal Opportunities Policy in place which is reviewed and updated as necessary. This Policy makes particular reference to the equality and fair treatment which the organisation promotes in relation to people with a disability which covers the recruitment, training, support and ongoing development of people with disabilities.

In addition, as an organisation which focusses on support to people with disabilities, we are committed to ensuring that all our practices, on a daily basis, reflect the letter and spirit of this Policy.

In 2006, Positive Futures (NI) established a Joint Consultative Committee (JCC), comprising representatives from all our service locations. In 2019, a JCC was also established in Positive Futures (ROI) and, in April 2023, an Employee Engagement Forum was established in NAHVI. The Employee Engagement Forum covers the same broad areas as the JCC, however, given the size of NAHVI, it includes all staff as opposed to having service reps. The purpose of these groups is to help staff to shape and inform the organisation’s development and decision making through a process of consultation, discussion and agreement with Directors, as well as to be consulted on key organisational issues. This has proven to be a very useful forum which reports annually to the Board of Trustees. Through these groups, we also provide employees with key organisational information including information on the financial, economic, health and safety and policy context within which the organisation operates.

Auditors

A resolution to re-appoint the auditors, ASM (B) Ltd, will be submitted at the Annual General Meeting.

The Trustees’ Report and the Strategic Report contained therein were approved by the Board of Trustees on 26 September 2023

John Alexander Chair

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Independent Auditors’ Report to the Members of Positive Futures: Achieving Dreams. Transforming Lives.

Opinion

We have audited the financial statements of Positive Futures: Achieving Dreams. Transforming Lives (the ‘parent company’) and its subsidiaries (the ‘Group’) for the year ended 31 March 2023 which comprise: the consolidated and company statements of financial activities; the consolidated and company balance sheets; the consolidated statement of cash flows; and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) (ISAs) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom and Ireland, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs require us to report to you where:

Respective responsibilities of Trustees and auditors

The Trustees are responsible for the other information included in the annual report. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Independent Auditors’ Report to the Members of Positive Futures: Achieving Dreams. Transforming Lives. (continued)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group’s and the parent company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Independent Auditors’ Report to the Members of Positive Futures:

Achieving Dreams. Transforming Lives. (continued)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charity’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Christine Hagan (Senior Statutory Auditor ) for and on behalf of ASM (B) Ltd Chartered Accountants & Statutory Auditors Glendinning House 6 Murray Street Belfast BT1 6DN

26 September 2023

ASM (B) Ltd are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Consolidated Statement of financial activities

(incorporating the Consolidated Income and Expenditure Account)

Notes
Income and endowments from:
Investments
3
Charitable activities
5
Other Income
4
Total income and endowments
Expenditure on:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
12
Net income/(expenditure)
Other recognised gains / (losses)
Unrealised foreign exchange gain/(loss)
Exceptional item
16
Transfers
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
17
Total funds carried forward
17		 Restricted
£
-
8,366,515
-		 Unrestricted
£
26,291
11,934,201
2,571
11,963,063		 2023
£
26,291
20,300,716
2,571
20,329,578
(19,751,127)
(19,751,127)
(77,115)
501,336
68,761
2,098,328
-
2,668,425
5,848,467
8,516,892		 2022
£
16,084
18,288,149
8,288
8,366,515 18,312,521
(8,351,454) (11,399,673)
(11,399,673)
(77,115)
486,275
3,520
391,732
(617,126)
264,401
4,757,842
5,022,243		 (17,620,991)
(8,351,454) (17,620,991)
- 9,027
15,061 700,557
65,241
1,706,596
617,126
2,404,024		 (13,949)
-
-
686,608
1,090,625 5,161,859
3,494,649 5,848,467

All amounts above relate to continuing operations of the group.

The notes on pages 20 to 34 form part of these accounts.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Company Statement of financial activities (incorporating the Income and Expenditure Account)

Notes
Income and endowments from:
Investments
3
Charitable activities
5
Other Income
4
Total income and endowments
Expenditure on:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
12
Net income/(expenditure)
Other recognised gains
Transfers
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted
£
-
2,567,732
-
2,567,732
(2,950,252)
(2,950,252)
-
(382,520)
614,126
231,896
(231,896)
-		 Unrestricted
£
26,291
12,466,091
-
12,492,382
(11,962,854)
(11,962,854)
(77,115)
452,413
(614,126)
(162,003)
4,707,840
4,545,837		 2023
£
26,291
15,033,823
-
15,060,114
(14,913,106)
(14,913,106)
(77,115)
69,893
-
69,893
4,475,944
4,545,837		 2022
£
16,084
14,076,701
927
14,093,712
(13,703,623)
(13,703,623)
9,027
399,115
-
399,115
4,076,829
4,475,944

All amounts above relate to continuing operations of the company.

The notes on pages 20 to 34 form part of these accounts.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Consolidated Balance sheet

Notes
Fixed assets
Tangible fixed assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one year
14
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Unrestricted funds
17
Restricted funds
17
Total funds		 2023
£
3,075,282
824,904
3,900,186
2,535,198
4,386,772
6,921,970
(2,305,264)
4,616,706
8,516,892
8,516,892
5,022,243
3,494,649
8,516,692		 2022
£
1,722,777
866,836
2,589,613
2,083,627
2,954,056
5,037,683
(1,778,829)
3,258,854
5,848,467
5,848,467
4,757,842
1,090,625
5,848,467

The accounts on pages 15 to 34 were approved by the Board of Trustees and authorised for issue on 26 September 2023.

_____

John Alexander Trustee

_____

Mairead Mitchell Trustee

Co. Registration No. NI 029849

The notes on pages 20 to 34 form part of these accounts.

Page 17

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Company Balance sheet

Notes
Fixed assets
Tangible fixed assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one year
14
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Unrestricted funds
17
Restricted funds
17
Total funds		 2023
£
1,498,410
824,904
2,323,314
2,029,464
1,744,901
3,774,365
(1,551,842)
2,222,524
4,545,837
4,545,837
4,545,837
-
4,545,837		 2022
£
1,619,885
866,836
2,486,721
1,943,694
1,384,322
3,328,016
(1,338,793)
1,989,223
4,475,944
4,475,944
4,707,840
(231,896)
4,475,944

The accounts on pages 15 to 34 were approved by the Board of Trustees and authorised for issue on 26 September 2023.

__

John Alexander Trustee

Mairead Mitchell Trustee

Co. Registration No. NI 029849

The notes on pages 20 to 34 form part of these accounts.

Page 18

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows
2023
£
Cash flows from operating activities:
Net cash provided by operating activities (see below)
3,012,812
Cash flows from investing activities
Dividends, interest and rents from investments
26,291
Proceeds from the sale of property, plant and equipment
12,191
Purchase of property, plant and equipment
(160,246)
Assets on Acquisition
(1,423,446)
(Purchase) / sale of investments
(34,886)
Net cash (used in) investment activities
(1,580,096)
Change in cash in the reporting period
1,432,716
Cash at the beginning of the reporting period
2,954,056
Cash at the end of the reporting period
4,386,772
Reconciliation of net income to net cash inflow from operating activities
2023
£
Net income for the reporting period (as per the Consolidated
Statement of financial activities)
2,668,425
Adjusted for:
Depreciation charges
231,262
(Gains)/ losses on investments
77,115
Dividends, interest and rents from investments
(26,291)
(Decrease)/Increase in creditors
526,435
(Increase)/Decrease in debtors
(451,571)
(Profit)/Loss on disposal of Fixed Assets
(2,571)
Exchange difference on consolidation
(9,992)
Net cash provided by operating activities
3,012,812
Analysis of cash and cash equivalents
31 March
Cash
2022
Flow
£
£
Cash at bank and in hand
2,954,056
1,432,716
Total cash and cash equivalents
2,954,056
1,432,716		 2023
£
3,012,812
26,291
12,191
(160,246)
(1,423,446)
(34,886)		 2022
£
(124,351)
16,084
13,315
(148,170)
-
(14,559)
(1,580,096) (133,330)
(257,681)
3,211,737
2,954,056
2022
£
686,608
169,782
(9,027)
(16,084)
(182,129)
(766,411)
-
(7,090)
(124,351)
31 March
2023
£
4,386,772
4,386,722
1,432,716
2,954,056
4,386,772

The notes on pages 20 to 34 form part of these accounts.

Page 19

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts

1. Accounting policies

Basis of accounting

The accounts have been prepared under the historical cost convention and modified to include the revaluation of investments and in accordance with applicable accounting standards, the Companies Act 2006 and the Statement of Recommended Practice (“SORP”) 'Accounting and Reporting by Charities’ (FRS 102) and in accordance with Financial Reporting Standard 102. A summary of the more important accounting policies, which have been applied consistently, is set out below.

Consolidation

The consolidated financial statements incorporate the financial statements of the company and its subsidiary undertakings as listed in note 12.

Public Benefit

Positive Futures: Achieving Dreams. Transforming Lives is a public benefit entity which is a company limited by guarantee, registered number NI29849. The company details are listed on page 2.

Funds

The charity receives various types of funding which require separate treatment. These are as follows:

Designated funds

Designated funds relate to unrestricted incoming resources in the current and previous years, which are allocated to fund specific activities in future accounting periods.

Incoming resources

All income and grants of a revenue nature are credited to income in the period to which they relate. Income is only deferred when grants or income is received in advance of the year to which they relate.

Grants specifically for capital expenditure are credited to incoming resources in the period the capital expenditure is incurred. A designated fund is created in reserves, which is reduced over the expected useful lives of the related assets by equal annual instalments.

Other incoming resources are credited to income in the period to which they relate.

Funds received which have been earmarked by the donor for specific purposes are treated as restricted incoming resources.

Resources expended

Resources expended are analysed between restricted and unrestricted resources expended. The charity allocates resources expended into restricted and unrestricted elements on the basis of the direct and indirect costs associated with providing the service over the longer term. To ensure consistency, indirect costs are apportioned between funding sources on the basis of the cost allocation formulae determined at the establishment of the particular service.

Page 20

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

Going Concern

No material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the Trustees.

Pension scheme

The company operates a group personal pension plan. This defined contribution pension scheme is open to all staff. Employer’s contributions vary as a % of pensionable earnings depending on the staff member’s agreed terms and conditions. The assets of the scheme are held separately from those of the company in independently administered funds, and contributions are charged to the Statement of Financial Activities in the period to which they relate.

Operating leases

Costs in respect of operating leases are charged on a straight-line basis over the lease term.

Tangible fixed assets

Fixed assets are stated at their purchase cost, together with any incidental costs of acquisition. The company’s policy is to capitalise individual fixed assets costing £300 or more.

Depreciation is calculated so as to write off the cost of tangible fixed assets (excluding land), less their estimated residual values, on a straight-line basis over the expected useful lives of the assets concerned. The principal annual rates used for this purpose are as follows:

%
Buildings 4 - 25
Motor vehicles 25
Fixtures and fittings 25
Computer equipment 25
Plant and machinery 25-33

Debtors

Debtors are measured at their recoverable amounts.

Creditors and provisions for liabilities and charges

Creditors and provisions for liabilities and charges are measured at their settlement amount.

Judgements and estimates

In the process of applying the company's accounting policies, management has not made any significant judgements. There are no key assumptions concerning the future or other key sources of estimation, that have a significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Investments

In accordance with the Statement of Recommended Practice, investments, other than those in subsidiary companies, are shown in the balance sheet at market value. Subsidiary companies are stated at cost.

Page 21

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

Foreign Currency

Transactions in a foreign currency are recorded at the rate ruling at the date of the transaction. Assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the Statement of Financial Activities.

2. Volunteers

Our volunteers are involved in a range of activities from administrative tasks through to supporting the people we support to have the life they want. The contribution made by our volunteers in Family Support and Shared Lives Services is critical to the successful delivery of these Services.

3. Investment income

Bank interest
Income from investments		 2023
£
3,860
22,431
26,291		 2022
£
(117)
16,201
16,084

4. Other Income

Group
2023
2022
£
£
Profit from disposal of fixed assets
2,571
8,288
2,571
8,288
.
Incoming resources from charitable activities
Group
Restricted
Unrestricted
2023
Restricted
£
£
£
£
Health Board and Trust
income
-
11,290,315
11,290,315
-
Supporting People
income
2,485,901
-
2,485,901
1,962,933
Health Service
Executive Grant
5,785,442
-
5,785,442
4,512,002
Income from service
users
13,342
519,124
532,466
13,575
Other fees and grants
81,830
89,381
171,211
377,885
Consultancy income
-
-
-
-
Gifts and other income
-
35,381
35,381
-
8,366,515
11,934,201
20,300,716
6,866,395		 Company
2023
2022
£
£
-
927
-
927
Unrestricted
2022
£
£
10,823,336
10,823,336
-
1,962,933
-
4,512,002
455,765
469,340
21,420
399,305
103,432
103,432
17,801
17,801
11,421,754
18,288,149		 Company
2023
2022
£
£
-
927
-
927
Unrestricted
2022
£
£
10,823,336
10,823,336
-
1,962,933
-
4,512,002
455,765
469,340
21,420
399,305
103,432
103,432
17,801
17,801
11,421,754
18,288,149		 Company
2023
2022
£
£
-
927
-
927
Unrestricted
2022
£
£
10,823,336
10,823,336
-
1,962,933
-
4,512,002
455,765
469,340
21,420
399,305
103,432
103,432
17,801
17,801
11,421,754
18,288,149
927









2022
£
10,823,336
1,962,933
4,512,002
469,340
399,305
103,432
17,801
11,421,754 18,288,149

5. Incoming resources from charitable activities

Page 22

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

5. Incoming resources from charitable activities (continued)

Company
Health Board and
Trust income
Supporting People
income
Income from service
users
Other fees and grants
Gifts
and
other
income		 Restricted
£
-
2,485,901
-
81,831
-
2,567,732		 Unrestricted
£
11,290,315
-
488,328
89,109
598,339
12,466,091		 2023
£
11,290,315
2,485,901
488,328
170,940
598,339
15,033,823		 Restricted
£
-
1,962,933
-
377,885
-
2,340,818		 Unrestricted
£
10,823,336
-
455,765
13,557
443,225
11,735,883		 2022
£
10,823,336
1,962,933
455,765
391,442
443,225
14,076,701

6. Expenditure on charitable activities

The company allocates its costs between Restricted and Unrestricted expenditure as follows:

Group
Direct care staff costs
Head Office staff costs
Other staff costs
ICT costs
Travel, subsistence and
volunteers’ expenses
Training costs
Premises and insurance
costs
Depreciation
Other support costs
Company
Direct care staff costs
Head Office staff costs
Other staff costs
ICT costs
Travel,
subsistence
and
volunteers’ expenses
Training costs
Premises and insurance costs
Depreciation
Other support costs		 Restricted
£
5,988,065
405,538
395,397
39,769
242,350
110,162
290,606
70,393
809,174
8,351,454
Restricted
£
2,597,790
33,583
30,585
5,293

26,347
80,607

80,693
2,582
92,772
2,950,252		 Restricted
£
5,988,065
405,538
395,397
39,769
242,350
110,162
290,606
70,393
809,174
8,351,454
Restricted
£
2,597,790
33,583
30,585
5,293

26,347
80,607

80,693
2,582
92,772
2,950,252		 Unrestricted
£
9,225,488
1,287,979
91,692
117,292
181,578
8,153
309,836
153,771
23,884
11,399,673
Unrestricted
£
9,682,704
1,348,609
94,621
122,916
189,636
7,022
327,204
160,942
29,200
11,962,854		 2023
£
15,213,553
1,693,517
487,088
157,061
423,928
118,315
600,442
224,164
833,058
19,751,127
2023
£
12,280,494
1,382,192
125,206
128,209
215,983
87,629
407,897
163,524
121,972
14,913,106		 Restricted
£
5,464,311
429,989
42,993
21,081
183,730
117,983
219,281
35,131
564,431
7,078,930
Restricted
£
2,494,245
37,878
29,656
2,732
39,329
84,368
72,236
3,966
82,671
2,847,081		 Unrestricted
£
8,169,326
1,533,314
82,553
91,449
152,245
45,662
268,228
130,783
68,501
10,542,061
Unrestricted
£
8,405,370
1,577,636
85,719
94,105
157,117
49,330
277,023
134,584
75,658
10,856,542		 2022
£
13,633,637
1,963,303
125,546
112,530
335,975
163,645
487,509
165,914
632,932
17,620,991
2022
£
10,899,615
1,615,514
115,375
96,837
196,446
133,698
349,259
138,550
158,329
13,703,623

2,950,252

Direct care staff costs include the provision of personal care and housing support to the people we support.

Page 23

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

7. Employee information

The average weekly number of persons, including part time and relief staff employed by the group during the year was:

s:
By activity:
Direct care activities
Administration and training
Staff costs (for the above persons)
Wages and salaries
Social security costs
Pension costs		 Group
2023
2022
Number
Number
608
583
92
93
700
676
Group
2023
2022
£
£
14,342,931
13,265,986
1,286,390
1,206,496
345,237
331,553
15,974,558
14,804,035



Company
2023
2022
Number
Number
512
512
75
78
587
590
Company
2023
2022
£
£
10,908,105
10,324,228
984,761
897,685
298,858
299,059
12,191,724
11,520,972

Spend on agency workers amounted to £1,329,778 (2022: £871,425).

Pension contributions in the year for the provision of a defined contribution scheme amounted to £345,237 (2022: £331,553) and contributions due at the year-end amounted to £38 (2022: £154).

Additional 25 employees are employed by NAHVI which became part of the group on 1 September 2022.

During the year one employee, the Chief Executive of the group, received remuneration (excluding employer’s pension contributions) of £110,107 (2022: £107,632).

One other employee (2022: one) received emoluments (excluding employer’s pension contributions) between £80,000 and £90,000 during the year.

One employee (2022: one) received emoluments (excluding employer’s pension contributions) between £70,000 and £80,000 during the year.

None of the Trustees received any remuneration during the year.

During the year the Director Team received remuneration (excluding employer’s pension contributions) totalling £485,223 (2022: £371,995).

During the year no employees (2022: none) received a termination payment.

During the year, the costs for six employees (2022: four) were recharged to another Group Company, 2 of which relate to the new group entity NAHVI.

Page 24

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

8. Net incoming resources

2023 2022
£ £
Net income/(expenditure) is stated after charging/(crediting):
Depreciation on tangible owned fixed assets 231,262 169,782
(Profit)/Loss on revaluation of investments 77,115 (9,027)
Interest (receivable)/payable 3,860 117
Auditors’ remuneration - audit 33,543 18,600
Auditors’ remuneration - other 7,872 19,481
(Profit)/Loss on disposal of tangible assets 2,571 (8,288)

9. Taxation

The group is exempt from taxation due to its charitable status as approved by the Inland Revenue and Revenue Commissioners. No tax is therefore payable on the surplus for the year £2,668,425 (2022: £686,608)

10. Auditors’ remuneration

The auditors’ remuneration of £41,415 (2022: £38,081) is split as follows:

Audit services - group
Payroll, Tax and other services		 2023
£
33,543
7,872
41,415		 2022
£
18,600
19,481
38,081

Page 25

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

11. Tangible fixed assets

Group tangible
fixed assets
Cost
At 31 March 2022
Additions
Disposals
Exchange
adjustments
At 31 March 2023
Depreciation
At 31 March 2022
Charge for the year
Disposals
Exchange
adjustments
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022
Company tangible
fixed assets
Cost
At 31 March 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 31 March 2022
Charge for the year
Disposals
At 31 March 2023
Net book values
At 31 March 2023
At 31 March 2022		 Land &
buildings
£
2,370,296
1,420,370
-
11,281
3,801,947
871,213
119,230
-
2,371
992,814
2,809,133
1,499,083
Land &
buildings
£
2,334,936
1,028
-
2,335,964
835,852
97,259
-
933,112
1,402,852
1,499,084		 Land &
buildings
£
2,370,296
1,420,370
-
11,281













Motor
vehicles
£
275,322
59,867
(25,100)
4,502











Fixtures &
fittings
£
238,737
79,308
-
2,339
320,384
219,152
10,669
-
695
230,516
89,868
19,585
Fixtures &
fittings
£
213,413
1,001
-
214,414
203,305
4,940
-
208,245
6,169
10,108		 Fixtures &
fittings
£
238,737
79,308
-
2,339
320,384
219,152
10,669
-
695
230,516
89,868
19,585
Fixtures &
fittings
£
213,413
1,001
-
214,414
203,305
4,940
-
208,245
6,169
10,108		 Computer
equipment
£
326,209
20,044
(53,410)
433		 Plant and
Machinery
£
6,017
-
-
-
6,017
5,071
353
-
-
5,424
593
946
Plant and
Machinery
£
1,412
-
-
1,412
466
353
-
819
593
946		 Plant and
Machinery
£
6,017
-
-
-
6,017
5,071
353
-
-
5,424
593
946
Plant and
Machinery
£
1,412
-
-
1,412
466
353
-
819
593
946		 Total
£
3,216,581
1,579,589
(78,510)
18,555
3,801,947 314,591 293,276 4,736,215
871,213
119,230
-
2,371		 128,719
65,782
(18,079)
1,129		 269,649
35,228
(50,453)
204		 1,493,804
231,262
(68,532)
4,399
992,814 177,551 254,628 1,660,993
2,809,133 137,040 38,648 3,075,282
1,499,083 146,603 56,560 1,722,777
Motor
vehicles
£
151,832
24,439
(8,250)
168,021
91,676
30,286
(8,250)
113,712
54,309
60,156		 Fixtures &
fittings
£
213,413
1,001
-
214,414
203,305
4,940
-
208,245
6,169
10,108		 Computer
equipment
£
286,706
18,538
(53,410)
251,834
237,115
30,686
(50,453)
217,348
34,486
49,591		 Plant and
Machinery
£
1,412
-
-
1,412
466
353
-
819
593
946		 Total
£
2,988,299
45,006
(61,660)
2,971,645
1,368,414
163,524
(58,703)
1,473,236
1,498,410
1,619,885

Page 26

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

12. Investments

2023
£
Investments at market value at 31 March 2022 866,836
Investment income reinvested 0
Purchase of investments 164,994
Disposal of Invetsments (129,811)
Net gain on revaluation and realisation (77,115)
Investments at market value at 31 March 2023 824,904

The historical cost of the investments is £889,483 (2022: £848,713).

Positive Futures has an investment policy which provides a framework for making investment decisions. These investments aim to provide a balance between capital growth and income generation over the medium to long term with a medium level of risk. Except as noted below the investments are in a mixture of liquid assets such as equities, fixed interest securities, alternative assets and cash within allocation ranges as set out in the investment policy. For ethical reasons no direct equity investment is made in Tobacco, Alcohol, Gambling, Armaments and industries involved in exploitation of Human Rights. The management of investments is done by an external discretionary Investment Manager appointed by the Trustees.

Investments are reflected on the Balance Sheet at market value at 31 March 2023. Since the year end the market value of the charity’s investments has dropped due to various market factors. The charity holds investments for income and for long term gains.

Page 27

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

Positive Futures also exercises control over three subsidiary companies whose results are detailed below:

Name
Business		 Registered
Office
Shares
held
Period
end
Turnover
in year
(£)		 Profit/(loss)
after tax
(£)
Net assets/
(liabilities)
(£)
Positive
People (NI)
C.I.C
Registered
Number
NI623255
Employment
Agency
Positive
Futures:
Achieving
Dreams.
Transforming
Lives. CLG
Registered
Number
566738
Provision of
Social Care
Services
Charity
Registration
number
20106348
National
Association
of Housing
for Visually
Impaired
(NAHVI)
CLG
Registered
Number
317329
Provision of
Social Care
Services
Charity
Registration
number
CHY13759		 2b Park
Drive
Bangor
County
Down
None –
limited
by
guarantee
31 March
2023
-
Nesta
Business
Centre
Unit 4-5
Burton Hall
Park
Burton Hall
Road
Sandyford
Business
Park
Dublin 18
D18 A094
None –
limited
by
guarantee
31 March
2023
5,121,228
56
Hazelwood
Beaverstown
Road,
Donabate
Co. Dublin
K36 XR28
None –
limited
by
guarantee
31
December
2022
1,311,959		 (84)
(32,192)
388,517
1,761,227
189,030
2,209,899

A business combination in respect of Positive Futures (Ireland) and NAHVI took place with effect from 1 September 2022. Positive Futures (Ireland) is the immediate controlling party of NAHVI and Positive Futures (Northern Ireland) is the ultimate controlling party. As the results of this, NAHVI have been consolidated into the Positive Futures Group financial statements.

Page 28

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

13. Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
Amounts owed by subsidiary undertakings
Provision for amounts owed by subsidiary undertakings		 Group
2023
£
2,107,920
27,068
400,210
-
-
2,535,198		 Group
2022
£
1,246,260
13,884
823,483
-
-
2,083,627		 Company
2023
£
1,565,913
27,068
344,544
123,981
(32,042)
2,029,464		 Company
2022
£
1,061,982
13,884
704,951
194,919
(32,042)
1,943,694

14. Creditors: amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income
Other taxes and social security		 Group
2023
£
602,974
335,830
1,065,050
301,410
2,305,264		 Group
2022
£
370,864
304,792
834,321
268,852
1,778,829		 Company
2023
£
514,748
279,639
540,230
217,225
1,551,842		 Company
2022
£
383,593
174,981
579,653
200,566
1,338,793

15. Deferred income

Included in accruals and deferred income is deferred income of £531,131 (2022: £504,673) for the Group, and £143,953 (2022: £269,233) for the Company. Deferred income comprises deferred grants and income for services to be provided after the year end.

Balance as at 31 March 2022
Amount released to incoming resources
Amount deferred in year
Balance as at 31 March 2023		 Group
Company
£
£
504,673
269,233
(269,722)
(151,006)
296,180
155,537
531,131
273,764

Page 29

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

16. Exceptional item

Included in this year’s figures are the exceptional item in relation to NAHVI which was brought into the Group on 1 September 2022. The breakdown of the exceptional item is as follows:

Fixed Assets
Current Assets
Current Liabilities
Net Assets
Unrestricted Funds
Restricted Funds
Total Funds		 NAHVI
£
1,423,446
795,171
(120,289)
2,098,328
391,732
1,706,596
2,098,328

17. Analysis of net assets between funds

Unrestricted funds
Designated funds
Unrestricted funds NAHVI
General funds
Total unrestricted funds
Restricted funds
Supporting People
Supporting People – Special
Recognition Payment
Department of Health –
Special
Recognition
Payment
Supporting People – Covid-
19 Emergency Funding
Big Lottery Fund Grant:
Reaching Out: Supporting
Families
HSE Grants
Other restricted funds
NAHVI
Total restricted funds
Total funds		 At 31
March
2022
£
2,168,229
-
2,589,613
4,757,842
-
-
-
(231,896)
-
1,334,764
(12,243)
-
1,090,625
5,848,467		 Income
£
-
429,324
11,928,991
12,358,315
2,079,078
1,754
80,077
406,822
-
5,013,993
78,583
2,478,045
10,138,352
22,496,667		 Expenditure
£
-
-
(11,476,788)
(11,476,788)
(2,792,884)
(1,716)
(77,947)
-
(77,704)
(4,702,976)
(6,113)
(692,114)
(8,351,454)
(19,888,242)		 Expenditure
£
-
-
(11,476,788)
(11,476,788)
(2,792,884)
(1,716)
(77,947)
-
(77,704)
(4,702,976)
(6,113)
(692,114)
(8,351,454)
(19,888,242)		 Transfer
s
£
104,006
(2,710)
(718,422)
(617,126)
713,806
(38)
(2,130)
(174,926)
77,704
-
-
2,710
617,126
-		 At 31 March
2023
£
2,272,235
426,614
2,323,394
5,022,243
(2,792,884)
(1,716)
(77,947)
-
(77,704)
(4,702,976)
(6,113)
(692,114)
(8,351,454)
(19,888,242)		 -
-
-
-
-
1,645,781
60,227
1,788,641
3,494,649
8,516,892

Page 30

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

The charity’s policy in respect of transfers between designated funds is set out in the Trustees’ Report. The transfers affected in respect of the year ended 31 March 2023 are set out in detail in note 17.

The Supporting People restricted funds have arisen from funding received from the Supporting People programme. The programme funds a range of services which provide housing related support to vulnerable people to improve their quality of life and gain independence. The funds are restricted to be used on the agreed services and support tasks contained in the funding agreements. The Trustees have previously agreed to eliminate annually any deficit that arises in respect of that fund.

The Supporting People – Covid-19 Emergency Funding restricted fund arose from funding to cover exceptional costs associated with the Covid-19 pandemic. Claims submitted for funding were approved and paid in this financial year so this fund is no longer in place.

The Big Lottery Fund Grant: Reaching Out: Supporting Families restricted fund arises from funding received to fund a range of services for children with a learning disability (0 – 12 years old) and their families.

HSE grants are for the provision of care and support services in the Republic of Ireland.

Other restricted funds arise from grant funding received that is restricted for use in specific projects. The Trustees have agreed to make available reserves to eliminate any deficits that arise.

Page 31

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

18. Analysis of designated fund movement

The funds designated by the Board of Trustees in line with their policies as set out in the Trustees’ Report:

Designated funds
Under occupancy fund
Redundancy fund
Service development fund
Building repairs and maintenance fund
Organisational development Fund
Management development and training fund
Volunteer coordination fund
Replacement MV fund
User involvement / PCP
PR and fundraising
Replacement IT and F&F
Digital transformation
Behaviour support fund
Legal costs fund
Health and wellbeing Strategy
Corporate planning
Recruitment and retention Strategy
Capital grants fund
Covid-19 pandemic fund
Climate change fund
Covid-19 emergency funding
Family services fund
Agency staff usage fund
PF Republic of Ireland fund
Designated funds
Unrestricted funds NAHVI
General fund
Total unrestricted funds		 Balance at
31 March
2022
£
65,000
65,000
50,000
340,443
40,000
55,000
50,000
50,000
8,000
114,000
40,000
200,000
52,000
50,000
30,000
7,500
469,573
159,817
50,000
40,000
231,896
-
-
-
2,168,229
-
2,589,613
4,757,842		 Retained
surplus /
(deficit)
for
the
year
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
429,234
452,203
881,527		 Transfers
(from)/to
funds
£
-
-
-
(7,336)
-
(10,000)
(50,000)
-
-
(70,000)
-
133,000
-
-
(2,500)
-
(213,573)
(9,401)
(50,000)
-
(231,896)
28,000
538,000
49,712
104,006
(2,710)
(718,422)
(617,126)		 Balance at
31 March
2023
£
65,000
65,000
50,000
333,107
40,000
45,000
-
50,000
8,000
44,000
40,000
333,000
52,000
50,000
27,500
7,500
256,000
150,416
-
40,000
-
28,000
538,000
49,712
2,272,235
426,614
2,323,394
5,022,243

In the year ended 31 March 2023 a transfer was made of £617,126 (2022: £510,989) from unrestricted funds. This was to eliminate a deficit in restricted funds, note 17.

Page 32

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

19. Operating leases

At 31 March 2023, the group had future minimum lease payment commitments under non-cancellable operating leases as follows:

Group
Land and buildings expiring:
In less than one year
Between two and five years
More than five years
Motor vehicles expiring:
In less than one year
Between two and five years
More than five years		 2023
£
106,965
120,333
-
227,298
2023
£
5,559
-
-
5,559		 2022
£
72,426
195,664
7,526
275,616
2022
£
12,822
-
12,822

Lease payments recognised as expenses in the period were £98,825.

At 31 March 2023, the Company had future minimum lease payment commitments under non-cancellable operating leases as follows:

Company
Land and buildings expiring:
In less than one year
Between two and five years
More than five years		 2023
£
72,416
107,356
0
179,772		 2022
£
64,943
173,216
7,526
245,685

Lease payments recognised as expenses in the period were £82,242.

Page 33

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2023

Notes to the accounts (continued)

20. Contingent liabilities

A contingent liability exists to repay grants received, where certain conditions have not been fulfilled by the company. In the opinion of the Trustees, the terms of the letters of offer have been complied with and no liability is expected.

With the NAHVI company there is contingent liabilities in relation to Property Charges: In the event that the company should cease to use certain properties for the purpose which the grants were received, these grants could become repayable, in part or in whole. Also, there is a number of legal charges in place over the related properties as a result of the grants received.

21. Guarantors

The company is a company limited by guarantee and does not have share capital. The liability of guarantors is limited to £1 in the event of the company being wound up.

22. Control

The company is controlled by a Board of Trustees.

23. Analysis of payments to Trustees and Related Parties by the group

2023 2022
£ £
Payments to ARC Limited 2,255 1,100
Reimbursement of expenses to Trustees 360 -
Services received from NAHVI 951 2,072
Services provided to NAHVI (153,971) (103,587)

Expenses reimbursed to Trustees are for travel and subsistence. Trustees (2022: none) were reimbursed for £360 expenses during the year.

Agnes Lunny, Chief Executive of Positive Futures: Achieving Dreams. Transforming Lives. was also a Trustee of ARC Limited during the year, a charitable company which provided services to Positive Futures.

Fiona Keogh and John Alexander, Directors of Positive Futures, were also Directors of the National Association of Housing for Visually Impaired (NAHVI). Services provided to NAHVI and received from were done on an arm’s length basis until 31 August 2022.

As of 1 September 2022, Positive Futures acquired the operations, assets and liabilities of the National Association for Visually Impaired (NAHVI) for nil consideration. Of the services provided to NAHV I £36,695 were services provided up to 31 August 2022 and the remainder services were provided after the change of control.

Except as disclosed above there were no other related party transactions during the year.

Page 34