Positive Futures: Achieving Dreams. Transforming Lives. Annual report and consolidated financial statements for the year ended 31 March 2024 Register¢d No: N1029849
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual reporlfor tlieyeor eiicled 31 Marcli 2024 Annual Report Page (s) Trustees and Advisers Trustees, Report 5- 14 Report of the Independent Auditors 15- 17 Consolidated Statement of Financial Activities Company Statement of Financial Activities 19 Consolidated Balance Sheet 20 Company Balance Sheet 21 Consolidated Statement of Cash Flows 2? Notes to the accounts ?3-37 Page 2
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual reporlfor ilieyear eiided31 Morcli 2024 Trustees and advisers Trustees Carol Workman Laurence Taggart John Alexander Gerardine Cunningham (resigned 26 September 2023) Mary Bryce Austin Treacy Mairead Mitchell David Scoffield (resigned 26 September 2023) Jim Gamble (resigned 22 January 2024) Stephen Cross lan Edwards (resigned 27 June 2023) Peter Woodhead Amanda Slevin (from 9 April 2024) Gareth Hetherington (from 9 April 2024) Directors Team Chief Executive Agnes Lunny Executive Director Paul Roberts Group Director Fiona Mccabe (left 23 February 2024) Finance Director John Carew (from 12 February 2024), LiaTn Dorrian (previous Finance Director) took up post of Senior Projecl Manager 01 April 2024 Christopher Peny HR Director Operations Director Nl Siobhan O'Donnell (from 19 March 2024- 26 July 2024), Frances Murphy (left 31 October 2023) Kerry Mallon (from 9 October 2023) Operations Director IRL Corporate Services Director Joanne Corcoran Secretary Dawn Morrow Auditors Sumer Auditco NI Limited Chartered Accountants and Statutory Auditors Glendinning House 6 MUaY Street Belfast BTI 6DN Solicitors Worthington Solicitors 2 Court Street Newtownards BT23 7NX Page 3
Positive Futures: Achieving Dreams. Transforming Lives. Aitnudl reporlfor ilieyeur eiiileil 31 Marcli 2024 Trustees and advisers (continued) Bankers Danske Bank Bloomfield Shoppin. Centre South Circular Road Bangor BT19 7HB Investment Advisors Quilter Cheviot Monitromery House 29-)3 Monigomery Street Belfast BTI 4NX Registered Office and Head Office 2b Park Drive Bantsor BT20 4JZ Registered name of Charity Positive Futures-. Achievinu Dreams. Transforn)ino Lives. Reuislered ivitli the Charity Coinmission for Northem Ireland.. Charity Number.. l O l J85 Company Nuinber.. Nl O?9849 Page 4
Positive Futures: Achieving Dreams. Transforming Lives. Aiinuftl reporifor ilieyear elided 31 Marcli 2024 Trustees, Report The Trustees present their report and the audited accounts for the year ended 31 March 2031. The Trustees. Report also incorporates the requirements of a Strategic Report as required by legislation. STRUCTURE, GOVERJNANCE AND MANAGEMENT Positive Futures (Nl) was first established on 02 October 1995 and was initially called United Response NI. We changed our name to Positive Futures in 2002 and have a Memorandum and Articles 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 Cornrnission Nl (CCNI 101385). The address of the company's regtstered office, which is also its principal address. is given on page 4. 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 fi)r 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 perfonning well, is solvent and complies with all its obligations. The Directors, Team reports to and atends Board and Committee Meetings. The Board is comprised of a Chair. Vice-chair and Trustees with skills in Hll Education, Learning Disability Services, Building Surveying, Law. Finance, the Environment, Econornic Development and lived experience. At the time of writing there are 10 Board members. Members of the Directors. Team and the Board of Trustees are listed on page 3. The Trustees have put in place a fornial 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. The arrangements for setting the pay and remuneration for the charity's Chief Executive and Executive Director lie with the Remuneration Committee of the Board of Trustees. this comprises three Trustees. one of whom is the Chair. In detemlining pay levels, the Committee benchmarks with equivalent market rates of pay. temis and conditions. The Code of Good Governance (Nl) and Charitie5 Governance Code ORL) set out the principles and key elements of good governance for the Boards to follow. Positive Futures completed a Governance Day in November 2023 with all Trustees and Directors, which was facilitated by an external consultant. This review work will infom) our next Corporate Plan i.e. our Positive Plan for 2024-28. Subsidiaries Positive Futures (Nl) is the parent cornpany of three subsidiary companies: Positive People (NI) C.I.C.. Positive Futures= Achieving Dreams. Transforming Lives. CLG (Positive Futures URL), and National A55ociation of Housing for Visually Impaired Cornpany CLG. An application to strike off and dissolve Positive People (NI) C.I.C. was submitted to Companies House in February 2024 and we received confirmation that Positive People was dissolved on 14 May 2024. The details of these subsidiaries are provided in note 12 in the accounts. The Trustees of Positive Futures (Nl) are responsible for the Group's overall strategic direction. Pftge 5
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiirtl reporlfor ilieyear eiicled 31 Mrtrcli 2024 Trustees, Report (continued) REFERENCE AND ADMINISTII4TIVE DETAILS The details of the charity, Trustees, Chief Executive and Directors Team to whom the Trustees delegate day to day manaaement of the charity, together with other relevant professional organisations who provide services and advice to the charity, are listed on paues 3 to 4. Statement of recommended practice The accounts have been prepared in accordance with applicable accounting standards, tlie Companies Act ?006 and the Statement of Recommended Practice ("SORP")'Ac¢ountints and Reportino by Charities {FRS 102), and in accordance with Financial Reporting Standard l 02. Trustees, responsibilities The Trustees are required by company law to prepare accounts for each financial year that tsive a true and fair view of the slate of affairs of the company at the end of the financial year and of the surplus or deficit of the coinpany for that year. The Trustees confirm that suitable accountino policies have been used, and these have been applied consistently, and reasonable and prudent juduements and estimates have been made in the preparation of the accounts for the year ended i l March ?0?4. The Trustees also confirm Ihal applicable accounting standards have been followed and that the accoiinls have been pi"epai'ed on the ooino concern basis. The Trustees are rcsponsible for keepin( proper accountinu records. for safeguardin(F Ilie assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other ir]-etsularities. OBJECTIVES AND ACTIVITIEI S Our charity's pui'poses, as set Oul in the object5 contained in the Company'5 Memorandum and Articles of Association, are lo.. enable children and adult5 Wlth a leaming disability, acquired brain injury or autism and their families and carer5 ¢0 take control of their lives- provide support to individuals enablin(y them to live full and valued live5 Within their local Communities; promote the rights and equality of beneficiaries and in so doing advocate for Changes that people need and pilot and provide a range of innovative care and support services which meet the identified needs of beneficiaries- educate and raise awareness among the public of issues pertaining to people with a learning disability, acquired brain injury or autism. and such other exclusively charitable purposes according to the law of Northem Ireland, for the beneficiaries as the Trustees tnay from time to time decide. The aims of our charity are to support children and adults with a learnino disability, acquired brain injury or autism lo lead full and valued lives in their own communities. Page 6
Positive Futures: Achieving Dreams. Transforming Lives. Aniiual reportfor rlieyear elided 31 Mareli 2024 Trustees, Report (continued) 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: The promotion and improvement of individual health and welbeIng and family-life by providing perso centred support services to reduce stress and negative impacts for families and individuals. The promotion and improvement of individual welbeIng and an independent active lifestyle within the community, improving feelings of individuality and self worth. Raising awareness of the issues affecting our beneficiaries to promote knowledge, understanding and to challenge disadvantage and discrimination thereby creating a more welcoming inclusive society. The provision of more person-centred support services which will improve individual welpbeing, family life and feelings of community inclusion. Raising awareness of the issues affecting our beneficiaries to promote knowledge, understanding and to challenge disadvantage and discrimination thereby creating a more welcoming inclusive society. Who used and benefitted from our services. Positive Futures, Northern Ireland (Nl) In 2023-24, Positive Futures.. Achieving Dreams. Transforniing Lives. ("Positive Futures (NI)") provided the following services.. Adult services- supported living and peripatetic housing support, residential short breaks, shared lives (adult placement) services. day opportunities and services for people with a learning disability and hearing loss. Children and young people's services- children's residential service (to note, this service transferred to NHSCT on 31 January 2024), children and family support services, including the Autism Outreach Service and the Brighter Futures Project (due to lack of long-terni funding, Brighter Futures ceased on 31 March 2024). During 2023-24, Positive FureS (Nl) provided direct support to N481 people (this figure includes. time-bound packages of support delivered by our Autism Outreach Service. Lakeland Family Support Service and Arches Family Support Service). During the year, the number of people supported through our supported living services and peripatetic services de¢aSed from 142 in 2023 to 137 in 2024 (to note, I person moved to be supported by a mental health facility and sadly a number of people we support died). These are long term support arrangeTnents which, in the main, support people with complex needs and re(pire significant funding and staffing levels. In addition to the 48 I people directly supported throughout 202>24. the families and carers of these individuals also benefitted indirectly from the support provided. Positive Futures, Ireland (IRL) and Nation81 Association of Housing for Visually Impaired (NAHVI) In 2023-24, Positive Futures.. Achieving Dreams. Transforniing Lives CLG ("Positive Future5 (IRL)") and the National Association of Housing for Visually lrnpaired ("NAHVI") provided the following services: Adult services- supported living, community 5UPPOrt. day opportunities, residential and Homeshare I short break services. Children and young people's services- community support services and Homeshare / short break services. Page 7
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiittl reporifor ilieyear elided 31 Marcli 2024 Trustees, Report (continued) During ?023-24, Positive Futures (IRL) and NAHVI provided direct support to N=115 people. Durino the year, there was some fluctuation in the number of people supported linked to the chanoes in the number of people supported by our Mo Shaol service. The number of people supported throu-h our pported livino services is the same in ?024 as in 2023 (N-30). As noted above, these are lonu term support arrangements which, in the main, support people with complex needs and require si(Fnificant funding and staffing levels. In addition to the 115 people directly supported, the families and carers of these individuals also significantly benefitted from the support provided. Ensuring our work delivers our aims Our governance framework comprises the values, culture, systems and processes by which Positive Futures (Nl) 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. To direct and auide the oroanisation's objectives and activities, Positive Futures {Nl) and its subsidiaries have an over-archino Corporate Plan, froin which annual busine55 plans are developed. The Corporate Plan ouilineg tlie long-term strateui¢ aims for the oriyanisation and the annual business plan links our operational a¢tivilies to oui. Corporate Plan. Our current Plan runs from 2020 to March 2024. We review our aims, objectives and activities each year to see what we have achieved and the outcomes of our worL. We check the success of each key activity and the outcomes foi. the people we support, their familieq and carers. Tliis lielp.8 us to ensui-e tliat what we al-e doinu reimains focused on oui. stated purposes and for the public benefit. Our Corporate Aims Our Corporate Aims (for April ?O?O - March 20?4) in both Positive Futures (Nl) and the otlier oroup companies.. Recruitment and Retention By ?024 we will have reduced vacancies to 5 % of oroanisational size and be the 'preferred einployer, {'employer of choice,) in the sector as demonstrated by= attractinu the best staff increasing staffin levels improvino retention and staff enuaueinenL EiCIenCY aDd Effectiveness By 2024 we will free up management time by a minimum of l O % through identifying and improving internal processes and systems and refocusing time on staff / team developtnent. Growth By 2024 we will secure a range of accommodation options to support a minimum of 30 additional people. Influence and Funding By ?024 we will have.. raised our profile by IOO/o as a leader in our field with our unique service offers a voice in all relevant forums influencing the sector. In addition to these four priority areas, we have confirnied our commitment to playing our part in tackling climate change. We have developed, and are implementing, a Posltive Green Strategy and associated action plan. Poge 8
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual reporlfor ilieyear eiided31 Marcli 2024 Trustees, Report (continued) During the reporting period, we have completed= a review of progress against all strategic aims (see section below regarding the achievements and perfomance against our Corporate Plan 2021>24) a major consultation exercise to collate stakeholder feedback on the progress of our Corpordte Plan and identified priorities for our next Corporate Plan a strategic planning exercise with Trustees and senior managers a high-level all Ireland Corporate Plan, called our Positive Plan for 202428 (work is in progress to publish the full Corporate Plan by September 2024). At the end of March 2024, we hosted a major celebratory event to celebrate our achievements across the island of Ireland. ACHIEVEMENTS AND PERFORMANCE On the ba515 of our review work and the stakeholder feedback we received regarding our achievements and perfonnance. our key achievements include.- Our person-centred support which transfornls lives and is highly valued by the people we support, families and commissioning partners. Having great staff. We have worked extremely hard to address the staff vacancy Challenges. These staffing challenges have been in both Nl and IRL, however, the level of vacancies has been particularly high in NI requiring a significant focus on both recruitment and retention activities, including revisions to terms and conditions for NI staff. We have also progressed work to improve staff engagemert and communication (e.g. by strengthening our JCC, see later section) and are progressing a range of staff eftgernent initiatives to retain staff. In relation to volunteers, since th¢ Covi&19 pandeinic we have a minimal number of volunteers in our services. Our lobbying activities. particularly in Nl, to campaign for (improved salaries, wider ternis and conditions for social care staff and opportunities and funding for our support services. These activities have been extensive and have strengthened our reputation in the sector. The introduction of increased digitalisation, clou&based systems (e.g. to improve internal communication, all staff now have access to M365 and we are progressing ways to use digitalsystems to support and enhance our communication and engagement with external stakeholders), and improved data reporting systems. In terms of specific achievements linked to our strategic aims.. Recruitment and Retention Positive impact on our profile and reputation (linked to lobbying activitie5 in both NI andIRL to campaign for improved salaries and terms and conditions for Social care staffj. Reductions in vacancies and agency use linked to a range of initiatives to attract, retain and engage staff. plus specific measures to reduce agency usage and costs. Increased focus on staff engagement and wellbeing (through a range of associated initiatives). Increased Salaries and improved tenns and conditions for staff Increased automation of recruitment processes. Development and embedding of specialist HR roles (e.g. specialistIRL 5uppo¢ recruitrnent, staff engagement) to drive change. Enhanced Leader as Coach programme for managers. Page 9
Positive Futures: Achieving Dreams. Transforming Lives. Aiiliuul reporrfor tlieyear elided 31 Mttrcli 2024 Trustees, Report (continued) Efficiency and Effectiveness New systems introduced, such as iplicit (Finance system), iTrent (HR system for IRL), Outcomes Star (for people we support/ lono term outcomes) and DecisionTime (risks and tsoals). Increased dioitalisation and use of clou&based systems e.g. see earlier notes re(rarding Microsoft 365 upgrades and we have fewer physical servers, phones and printers. An enhanced Quality Management Framework has been iinplemented. Chanues in how we record and report data (e.g. dashboards with trend data using PowerBI re priority data), a new online "What People Think" process to capture stakeholder feedback across the whole tsroup. Rolling plan for policy updates. An Annual Consultation Exercise (ACE) across the whole group was completed as part of the Corporate Planning exercise. In terms of regulation.. All regulated services in Positive Futures (Nl) were inspected by the Regulation Quality and Improvement Authority (RQIA) during the reporting period. Only one area for improvement was identified in one of the RQIA inspections and this was promptly resolved. Supporting People complelcd a Validation Audit of one of our services which identified two minor areas for improveinent, both of which were resolved immediately. In Positive Futiires (IRL) and NAI IVI, there were 5 Health Information and Quality Autliority (HIQA) inspections during the I'eporting period. All inspection improvement plans are on track for ¢omplclion within agreed timeframes. One of the I-IIQA inspections was a themati¢ audit of I'strictive practices which highliohted excellent practice and resulted in no areas for improveinent. Groivth Woi'k is in prouress with HSCTS to secure additional ¢ontra¢l fundints foi. exislin(F and future contracts. Work is prooressing with NAFIVI to ensure it meets its regulatory and statutory obligations as an Approved Housinu Body ahead of the statutory deadline foi. full registration with the Approved Housinu Bodie5 Reuulalory Authority in December ?0?5. NAHVI is progressing an application for fundinu from Ihe Capital Assistance Scheme to purchase a pi'operty for a person currently supported by Positive Futures {IRL). Restructure and trrowth of the Positive Behaviour Support Team has enabled the enhancement of support delivered to service5 ¢0 include more proactive strateuie5 (e..- o resilience workshops, facilitating restrictive practice audits and restrictive practice reviews in services) plus direct work with families. The Positive Behaviour Support Team continues to play a vital role in the growth and development of the or(Tanisation, for example, supporting successful transitions to our services. An internal Restrictive Practice audit was COTnpleled (for Nl and IRL service5) which highlighted areas of good practice and areas for development, includintr policy development. Page 10
Positive Futures: Achieving Dreams. Transforming Lives. Aniiual reporlfor ilieyear elided 31 Marcli 2024 Trustees, Report (continued) Influence and funding Involvement in key forums including: Nl: Strategic Planning and Perfonnance Group Social Care Collaborative Forum and associated workstreams (including Commissioning and Contracting workstream, Adult Social Care Workforce workstream, Communications Workstream, Supported Living workstream). Social Care Fair Work Forum ARC and associated strategic forums (including Senior Managers Think Tank Meeting, ARC/ RQIA Executive Exchange Meeting, Workforce Development Group, Adult Safeguarding Champion Network); Regional Childcare Partnership Meetings and Local Adult Safeguarding Partnership Groups (across all 5 HSC Trusts) A range of forums linked to our Shared Lives Service including Shared Lives Plus UK Forum, Strategic Planning and Perforniance Groupl Shared Lives Forum and the Age NI Approval Panel. IRL.. HSE Guiding Principles Working Group DFL forums (HSE National Homeshare Working Group. All Employers Social Work Forum, Quality and Standards Advisory Group and HIQA Provider Rep Forum) National Homesharing Network Marketing / PR During the reporting period= We have appeared in the press 20 times with a reach of1.3M. Our CE has made 13 TV and rddio appearances advocating on behalf of people we support, their families and the wider social care sector. We have updated our NI website based on WordPress (including Search Engine Optimisation for the first time) and moved our hosting to a much more cost-effective provider. We have extended our social media reach across all current platforn]s (t.e. Facebook, Twitter and Instagram). Grant funding and individual giving totalled approximately £69,000. FINANCIAL REVIEW Positive Futures (NI) receives contract funding from a range of statutory organisation5 including all five Health and Social Care Trusts in Northern Ireland. Our supported living. peripatetic housing support and shared live5 (adult placement) service5 also receive funding from the Northern Ireland Housing Executive Supporting People Programme. The Trustees made the decision during 2023124 to close our Reconnect site (used minimally for 'day opportunity, support). The site was sold on 24 October 2023. The subsidiary companies in Ireland receive funding from the HSE for the provision of5UPPOrted living, community support. day opportunities. residential and Homeshare services. In addition, we receive income from grants. foundations. charitable tSts, individuals and community fundraising activitie5 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 page518 to 37. Page 11
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiuol reporlfor ilieyear elided 31 Marcli 2024 Trustees, Report (continued) As a oroup, income has increased to £20,746,728 (2023.. £20,329,578). The orowth has come from all 3 oroanisations in the tsroup. 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 livino services and income has also increased by £8?,66J to £15,14?,777 (2023.. £15,060,114). As is the case for all social care providers in Northern Ireland, we continue to face significant challenoes in the recruitment and retention of quality staff required for the delivery of hitrqUalItY services. This resulted in continued, significant spending on agency workers of £1,459,487 (?0? J. £1,329,778). Followino changes in the values of our investments, we recorded a tsain of £41,773 (2023= loss of £77,115). Investments are reflected on the Balance Sheet at market value at 31 March 2024. Since the year end the market value of the charity's investments has dropped due to various market factor5. Thecharity holds investments for income and for long terni gains. The Trustees report a deficit acros.8 the oroup of £310,440 (?0?3.' surplus of £? 668,??5). We note that the surplus in 202) Ivas partly due to one off tra115actions for th is financial year. Group turnover Included Covid-19 fundino received in respect of expenditure incurred in previous periodsof £47,90) (20?" £406,8?J). Group Surplus in ?O?J included the value of NA HVI assets included upon chantse of Control of £?.098.3?8. The total urDUP funds at 31 March ?0?4 were £8,?06,49? (?0? ).' £8,516.692). The total funds held for restricted purpose5 1.% £) ?44,750 and ofthe unresiii¢ied funds the -fruslees liave desionated £? ?60,496 detai15 of this are shown in note 18. The Trustees bel ieve that dcspile the continuinu challenuinu environment in Northern Ireland, tlie oroup remains in a aood financial position. The main financial risks the Trustees have identified are outlined in the Key Risks and Uncertainties section of this report. Internal financial controls The Board of Trustees ha5 overall responsibility for ensurino that the company hasin place an appropriate system of internal controls, financial and OtheISe, to provide reasonable assurance that.. the company is operating efficiently and effectively its assels are safeguarded against unauthorised use or disposition proper records are maintained, and financial information used within the company or for publication is reliable the company complies with relevant laws and regulations The company's systems of financial Control are desi(yned to provide reasonable, but not absolute, assurance against material misstatement or loss. Statement of disclosure to auditors The Trustees confirm that.. So far a5 the Trustees are aware, there is no relevant audit infomiation of which the company's auditors are unaware. They have taken all the steps that they ought to have taken as members in order to make themselves aware of any relevant audit infonnation and to establish that the company's auditors are aware of that inforniation. Page 12
Positive Flltures: Achieving Dreams. Transforming Lives. Aniiual reporlfor Ilieyear ended 31 Marcli 2024 Trustees, Report (continued) KEY IUSKS AND UNCERTAINTIES Positive Futures. approach to risk management is guided by the Code of Good Governance (Nl), the Governance Code (IRL) 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 manacrement policy and procedure which clearly defines roles and responsibilities and details procedures for risk identification, monitoring, reporting and escalation of issues. The Corpordte Risk Register is overseen and managed by the Corporate Services Director and owned by all Directors. The Corporate Risk Register is a standing item at each of the meetings of the Board of Trustees (in both Northern Ireland and Ireland). During the reporting period, the Corporate Risk Reoister has included the following hicrh risks: Nl: Staffing I workforce issues- remains as a high risk at 31 March 2024 Funding issues- added as a new risk during the reporting period and remains as a high risk at 31 March 2024. IRL: There were no corpordte risks during the reporting perio See earlier notes regarding the roll out ofan electronic risk and ooals systern (DecisionTime, funded by the Supporting People Programme- Provider Innovation Fund). Employee involvement and equal opportunities Since its inception, Positive Futures has had an Equal Opportunities Policy in place which is reviewed and updated as necessary. This Policy outlines our commitment to the promotion of equality of opportunity in all aspects of employment and volunteering. Equality is a core value of our organisation and underpins everything we do. We oppose all forms of unlawful and unfair discrirnination. All job applicants. staff and others who work for us are treated fairly and are not discriminated against on any grounds (e.g. in relation to gender. marital status, having dependents, religion. political opinion, race, disability, sexual orientation or age). In 2006, Positive Futures (Nl) established a Joint Consultative Committee (JCC), comprising representatives from all our service locations. In broad tenns thi5 foruTn ha5 two main purposes. Firstly. to provide a platform where Staff representatives from acmss the organisation can meet directly with Senior Managers in order to contribute to the organisation's development and decisioTrmaking. Secondly, to serve as a health and safety COrnTnittee. In 2019, a JCC was established in Positive Futures URL) and, in April 2023, an Employee EngageTnent Forum wa5 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 a named representative from the service. Each of these consultative forurn5 has proven very useful, both for staff and managers, in ensuring that staff voices are heard and that their involvement in the decision making of the organisation is rneaningful. Page 13
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiial reporlfor ilieyear eiiileil 31 Marcli 2024 Trustees, Report (continued) Auditors In July 2024, our previous external auditors, ASM (B) Ltd, transferred all their external audit contracts to Sumer Auditco Nl Limited. The Board has agreed to the novation of the external audit contract to Sumer Auditco Nl Limited. A resolution to re-appoint the auditors, Sumer Auditco Nl 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 on24 September 2024. John Alexander Chair Page 14
Positive Futures: Achieving Dreams. Transforming Lives. Aniiual reporlfor ilieyear elided 31 Marcli 2024 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. Transfonning Lives (the 'parent company,) and its subsidiaries {the 'Group') for the year ended 31 March2024 which comprise: the consolidated and company statements of fmancial activities- the consolidated and company balance sheets- the consolidated statement of cash flows. and the related note& The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standwds, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the Group's and of the parent company's affairs as at 31 March 2(E4 and of the Group's and the parent company's incoming resources and application of resources, including the Group's and the parent company's income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006. 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 statanents section of our report. We are independent of the charity tn 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 Sta)dard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 15 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.. the use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Group's or the parent company's ability to continue to adopt the going ¢oncern basis of accounting for a period of at lthst twelve months from the date when the financial statements are authorised for issue. Respective responsibilities of Trustees and auditors The Trustees are responsible for the other information included in the annual report. The other infonnation 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 infonnation and, except to the extent othenvise explicitly stated in our report we do not express any fonn of assurance conclusion thereon. Page 15
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiiul reporlfor ilieyear eiiclecl 31 Mcircli 2024 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 infonnation and. in doino so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detennine whether ihere is a material Inisslatement in the financial statements or a material misstaÈment of the other information. If, based on the work we have performed, we conclude that there is a material misstatemenl of this other infom]ation, we are required to report that fact. We have nothin(r to report in this regai-d. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infoimation (Fiven in the Group Trustees, Report includino the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Group Trustees, Report, includin(r the Strateoie Report, has been prepared in accordance with applicable leoal requireikneiit5. Matters on ivhich Ive are required to report by exception We have nothinu to report in i-espect of the followinii Inatlers in relation lo which tlie Compaiiies Act 7006 requires us to report to you if. iii oui- opiiiion.. adequate accouniinu records have not been kept, or returns adequate for our audit have not been received froin branches not visited by us- or the financial stateinents are not in aoreement with the accountin(Tr records and retums. or certain disclosures of Trustees, reinuneration specified by law are not Inade- or we have not received all the inforination aiid explanations we requii'e for our audit. Responsibilities of Trustees As explained more fully in the Trustees, Responsibilities Statemenl, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they oive a true and fair view and for such internal conlrol as the Trustees determllle is necessary to enable the preparation of financial statements that are free fi-om material misstatcmcnL, whct41 er due to fraud oi- ettoi-. 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, disclosints as applicable, matters related to going concern and using the going concern basi5 of accounting unless the Trustee5 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 hioh level of assurance, but is not a ouarantee 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 a#LT¥ogate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Pllge 16
Positive Futures: Achieving Dreams. Transforming Lives. Aniiual reporlfor ilieyear elided 31 Marcli 2024 Independent Auditors, Report to the Members of Positive Futures: Achieving Dreams. Transforming Lives. (continued) Irregularities, including fraud, are instances of noTrcompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of iegular1ties, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We considered the opportunities and incentives that may exist within the organisation for fraud and identifled the greatest potential for fraud in the following areas.. timing of recognition of income. and posting of unusual journals along with complex transactions. We discussed these risks with client management, designed audit procedures to test the timing of income, tested a sample of journals to confimi they were appropriate and reviewed areas of judgement for indicators of management bias to address these risks. A further description of our responsibilities for the audit of the financial statelnents is located on the Financial Reporting Council'5 website at.. www.frc.org.uklauditorsresponsibilities. This description fonns 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 slate 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 Sumer Auditco Nl Limited Chartered Accountants & Statutory Auditors Glendinnintr House 6 MUaY Street Belfast BTI 6DN 24 Septetnber 2024 Sumer Auditco NI Limited are eligible to act as auditors in tenns of section 1212 of the Companies Act 2006. Page 17
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual repoilfor ilieyear eiiilecl 31 Morcli 2024 Consolidated Statement of financial activities (incorporating the Consolidated Income and Expenditure Account) Notes Restricted Unrestricted 2024 ?0?3 Income and endoivments from: Investments Charitable activities Other Income 48,911 1 ? 287,483 2,629 48,911 20,683,097 14,720 26,291 20,300,716 2,571 8,395,614 12,091 Total income and endowments 8,407,705 12.339,023 20,746,728 20J29,578 Expenditure on: Charitable activities (9,044,72?) (11,949,056) {20,993,778) (19,751,127) Total expenditure (9,044,722) (11,949,056) (20,993,778) (19,751,127} Net gains/(losses) on investinenls 12 41,773 (77,115 Net incomel(expenditure) 6J7,017) 4J1,740 (205277 iOI,J36 Other recognised gains / {losses} Unrealised foreign excliange oain/(loss) (91,9)9) (13.184) {105,123} 68,761 Exceptional item 2,098,328 Transfers Transfers between funds 17 479,057 (479,057) Net movement in funds (249,899) (60,501) (310,400) 2,668,425 Reconciliation of fund5: Total funds brought fonvard 3,494,649 5,022.243 8,516,892 5,848,467 Total funds carried fonvard 17 3,244.750 4,961,742 8,206,492 8,516,892 All amounts above relate to continuing operation5 of the group. The notes on pages ?3 to 37 form part of these accounts. Page 18
Positive Futures: Achieving Dreams. Transforming Lives. Aniiuul reporifor Élieyear elided 31 Marcli 2024 Company Statement of financial activities (incorporating the Income and Expenditure Account) Notes Restricted Unrestricted 2024 2023 Income and endowments from: Investments Charitable activities Other Income 48,911 12,959,968 38 48,911 15,093,828 38 26,291 15,033,823 2,133,860 Total ineome and endowments 2.133,860 13,008.917 15,142,777 15,060,114 Expenditure on: Charitable activities (2,580,737) (12,652,931) (15,233,668) (14,913,106) Total expenditure (2.580,737) (12.652,931) (15,233,668) (14,913,106) Net gainsl(losses) on investments 12 41,773 41,773 (77,115) Net incom¢/(expenditure) (446,877) 397,759 (49,118) 69,893 Other recognised gains Transfers Transfers between funds 17 487.557 (487,557) Net movement in funds 40.680 (89,798) (49,118) 69,893 Reconciliation of fund5: Total funds brought forward 4,545,837 4,545,837 4,475,944 Totsl funds carried forward 40,680 4.456,039 4,496,719 4,545,837 All amounts above relate to continuing operations of the company. The notes on pages 23 to 37 fonn part of these accounts. Puge 19
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiiol reporlfor tlieyear eiiilecl 31 Marcli 2024 Consolidated Balance sheet Notes 2024 2023 Fixed assets Tangible fixed assets nvestments 2,701,245 881,604 3,582,849 3,075,282 824,904 3,900,186 12 Current assets Debtors Cash at bank and in hand 13 2,163,444 4,945,412 7,108,856 2,535,198 4,386,772 6,921,970 Liabilities Creditors.. amounts fallino due within one year 14 (2,485,213) (2,305,264) Net current assets 4,623,643 4,616,706 Total assets less current liabilities 8,206,492 8,516,892 Net a55ets 8,206,492 8,516,892 The funds of the charity Unrestricted funds Restricted funds Total funds 17 4,961,742 3,244,750 8,206,492 5,022,243 3,494,649 8,516,692 The accounts on paues 18 to )7 were approved by the Board of Trustees and authorised for issue on 24 September 2024. John Alexander Trustee Li Mairead Mitchell Trustee Co. Registration No. Nl 029849 The notes on pages 23 to 37 form part of these accounts. Page 20
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual reporlfor ilieyear elided 31 Marcli 2024 Company Balance sheet Notes 2024 2023 Fixed assets Tangible fixed assets Investments 1,150,721 881,604 2,032,325 1,498,410 824,904 2,323,314 12 Current assets Debtors Cash at bank and in hand 13 1,609,135 2,611,279 4,220,414 2,029,464 1,744,901 3,774J65 Liabilities Creditors- amounts falling due within one year 14 (1,756,020) (1,551,842) Net current assets 2,464,394 2,222,524 Total assets less current liabilities 4,496,719 4,545,837 Net assets 4,496,719 4,545,837 The funds of the charity Unrestricted funds Restricted fund5 Total funds 17 17 4,456,039 40,680 4,496,719 4,545,837 4,545,837 The accounts on pages 18 to 37 were approved by the Board of Trustees and authorised for issue on 24 September 2024. John Alexander Trustee Mairead Mitchell Trustee Co. Registration No. Nl 029849 The notes on pages 23 to 37 fonn part of these accounts. Page 21
Positive Futures: Achieving Dreams. Transforming Lives. Aiiliiirtl reporlfor ilieyertr elided 31 Mdrcli 2024 Consolidated Statement of Cash Flows 2024 2023 Cash floiv5 Irom operating aetivities: Net cash provided by operating activities (see below) 425,130 3,012,812 Cash flom's from investing activities Dividends, interesl and rents from investments Proceeds from the sale of property, plant and equipment Purchase of property, plant and equipment Assets on Acquisition (Purchase) / sale of investments Net cash (used in) investment activities 48,911 417,098 (317,573) 26,291 12,191 (160,246) (1,423,446) (34,886) (1,580,096) (14,926) 133,510 Change in cash in the reporting period 558,640 1,432,716 Cash at the beginning of the reporting period Cash 2t the end of the reporting period 4,386,772 4,945,412 2,954,056 4,386,772 Reconciliation of net income to net cash infloiv from opcrating activities 2024 Nel income for the reportinu Statement of financial activiliesl Adjusted for- Depreciation charges (Gain5)I losses on investments Dividends, interest and rents from investments (Decrease)/lncrease in creditors {Increase)/Decrease in debtors (Profit)ILoss on disposal of Fixed Assets Exchanoe difference on con501idation Net cash provided by operating activities period (as per the Consolidated (310,400) 2,668,425 246,754 231,262 (41,773) 77,115 (48,911) (26,291) 179,948 526,435 371,754 {451,571) (14,720) (2,571) 42,478 (9,992) 425,130 3,012,812 Analysis of cash and cash equivalents 31 March 2023 Cash 31 March Flow 2024 Cash at bank and in hand Total cash and cash equivalents 4.386,772 4,386,772 558,640 4,945,412 558,640 4,945,412 The notes on pages 23 to 37 form part of these accounts. Prtge 22
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual reporlfor ilieyear elided 31 Marcli 2024 Notes to the accounts Accounting policies Basis of accounling 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 Recomrnended Practice ("SORP") 'Accounting and Reporting by Charitie< (FRS 102) and in accordance with Financial Reporting Standard102. 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 Benefil Positive Futures- Achieving Dreams. Transfonning Lives is a public benefit entity which is a company limited by guarantee, registered number N129849. The company details are listed on page 2 Funds The charity receives various types of fundtng which require separate treatment.These are as follows- a) unrestricted funds.. funds which may be expended at the discretion ofthe Trustees in furtherance of the objectives of the charity. and b) restricted funds.. funds which are eam)arked by the donor for specific purposes Designatedfunds Designated funds relate to unrestricted incoming resources in the Cuent 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 resourcesin the period the capital expenditure 15 incurred. A designated fund is created in reserve4 which is reduced over the expected useful lives of the related assets by equal annual instalrnents. Other incoming resources are credited to income in the period to which they relate. Funds received which have been earniarked by the donor for specific purposes are treated as re5tri¢ted 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 indiTect costs associated with providing the service over the longer terni. To ensure consistency. indirect costs are apportioned between funding sources on the basis of the cost allocation fonnulae detennined at the establishment of the particular service. Page 23
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiinl reporlfor ilieyear eiiiled 31 Marcli 2024 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 goints concern have been identified by the Trustees. Pension sclienie The company operates a group personal pension plan. This defined Contribution pension scheme isopen to all staff. Employer's contributions vary as a /th of pensionable eamintss 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 charoed to the Statement of Financial Activities in the period to which they relate. Operaling leases Costs in respect of operating leases are charged on a straightrline basis over the lease tern). Tftiigiblefixed assets Fixed assets are Slated at their purchase cost. together with any incidental costs of acquisition. The company's policy is lo capilalise individual fixed assets cosliniy £300 or more. Depreciation is calculated so as lo write off the cost of tanuible fixed assets (excludino land), less their estimated residual value.%, on a 5traioht-line basis over the cxpected uscfiil lives of tlie dssels concei'ned. The principal annual l-ates used for this purpose are as fol lows". Buildinus Motor vehicles Fixturcs and fittings Coinpuler equipinent Plant and machinery 4_?5 25 25 ?5-33 Debiors Debtors are measured at their recoverable amounts. Crciililors ciJiclprcivisi(Jii.s.[or licibililies ciiicl clicirgLJs Creditors and provisions for liabilities and cliaroe5 are measured at their selllement amount. Jiidgemenls ancl estiniules In the process of applying 11)e conipany's accountino policie5. Inanageinell¢ has not made any si.(mificant jud(7einenis. Thei-e are iio ke5, assuinptioiis coiicei-ning Ilie fului'e or otliei. Ley sour¢es of est1171ation, that liave a significant risk of raisinu a niaterial adjLlStinenl lo Il)e canyiiiu aiiiounts of assets aiid liabilities witliin tlie i)ext financial yeai-. Jiivesfnieiils Iii accordance witli Ilie Stateineiil of Recomimended Practice, investmeiits otlier than tl)ose in subsidiary companies, are shown in the balance sheet at market value. Subsidiary compaiiies are stated at cost. Page 24
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual reportfor tlieyear eiided31 Marcli 2024 Notes to the accounts (eontinued) 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. Volunteers Our volunteers are involved in a range of actiwtties 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. Investment income 2024 2023 Bank interest Income from investments 18,666 30,245 48,911 3,860 22,431 26,291 Other Income Group Company 2024 2023 2024 2023 Profit from disposal of fixed assets 14,720 14,720 2,571 2,571 38 38 Incoming resources from charitable activities Group Restricted Unrestricted 2024 Restricted Unrestricted 2023 Health Board and Trnst incorne Supporting People income Health Service Executive Granl Income from service users Other fees and grants Consultancy income Gifts and other income 11.661,991 11,661,991 11,290,315 11,290,315 2,020,916 2,020,916 2,485.901 2,485,901 6,245.183 6,245.183 5,785,422 5,785,442 15,276 586.345 601.621 13,342 519,124 532,466 112.944 112,944 81,830 89,381 171,211 1,295 8.395,614 39,147 12,287,483 40,442 20.683,097 35,381 11,934,201 35J81 20JOO,716 8,366,515 Page 25
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiial reporlfor ilieyellr eiicled 31 Marcli 2024 Notes to the accounts (continued) 5. Incoming resources from charitable activities (continued) Company Restricted Unrestricted 2024 Restricted Unrestricted 2023 Health Board and Trust income Supporting People income Income from service users Other fees and grants Gifts and other income 11,661,991 11,661,991 11,290,315 11290J15 2,020,916 2,020,916 2,485,901 2,485,901 549,075 549,075 488,J28 488,328 112.944 112,944 748,902 81,831 89,109 598.339 170,940 598,339 748,902 2,133,860 12,959,968 15,093,828 2,567,732 12,466.091 15,033,823 Expenditure on charitable activities The company allocates its costs between Restricted and Unrestricted expenditure as follows.. Group Restricted Unrestricted 2024 Restricted Unrestricted Direct care staff cost5 Head 01-fice staff cosis Othei- staff costs ICT costs Ti-avel, subsistence and volunteer.s expenses Traininu costs Preinises Jnd insurance costs Depreciation Other support costs 6,4J1.147 ?55,0?0 419,327 9,0?7.45J 1,866,486 100,485 118,364 148.5J8 15,458,560 5.988.065 2,121,506 405,538 519,812 395,397 180,844 39,769 416,720 24?,J50 9,225,488 1,287,979 91,692 117,?9? 181,578 15,213,553 1,693,517 487,088 1 $7,061 423,928 268,184 151,055 360,817 15.573 )74.7)8 166,628 735,575 110.162 290,606 8,15i 309,8J6 118,315 600,442 116,566 980,126 9,044,722 130,189 246,755 167,212 1,147,338 809,174 11,949,056 20,993,778 8,351,454 153,771 224,164 833,058 19,751,127 11,399.673 Restricted Unrestricted 2024 Restricted Unrestricted 2023 Company Direct care staff costs Head Office staff costs Other staff costs ICT costs Travel, subsistence volunteers, expenses Training costs Premises and insurance costs Depreciation Other support costs 2,301,074 31,677 27,973 18,631 37.883 9,593,134 11,894,208 2,597.790 1.868,471 1,900,148 33,583 123,270 151,243 30,585 126,291 144,922 5,293 145,401 203,117 26,347 9,682,704 12,280,494 1,348,609 ,382,192 94,621 125,206 122,916 128,209 189,636 215,983 and 68,666 62,803 2,207 29,823 2,580,7J7 22,877 91,543 80,607 406,320 469,123 80,693 130,189 132,396 2,582 236,978 246,967 92,772 12,652,931 15,233,668 2,950,252 7,022 87,629 327,204 407,897 160,942 163,524 29,200 121,972 11,962,854 14,913,106 Direct care staff costs include the provision of personal care and housing support to the people we support. Page 26
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual reporlfor ilieyear elided 31 Marcli 2024 Notes to the accounts (continued) Employee information The average weekly number of persons. including part time and relief staff employed by the group during the year was.. Group Company 2024 Number 2023 Number 2024 Number 2023 Number By aetivity: Direct care activities Administration and training 619 94 713 608 92 700 515 81 596 512 75 587 Group 2024 Cornpany 2024 2023 2023 Staff Costs (for the above persons) Wages and salaries Social security costs Pension costs 15,552,254 14,342.931 1,404,872 1,286,390 387,379 345,237 17J44,505 15,974,558 11,049286 920,612 323,575 12,293,473 10.908.105 984,761 298,858 12,191,724 Group spend on agency workers amounted to £1.459,487 (2023.. £1,329,778). Pension contributions in the year for the provision of a defined contribution heme amounted to £387,379 (2023: £345,237) and contributions due at the year-end amounted to £nil (2023: £38). Additional 30 employees are employed by NAHVI which became part of the group on I September 2022. During the year one employee, the Chief Executive of the group, received remuneration (excluding employetrs pension contributions) between £105.000 and £115,000. (2023: One) Four employee4 excluding the Chief Executive, {2023.- four) received emoluments (excluding employer's pension contributions) over £60,000 during the year. None of the Trustees received any remuneration during the year. During the year the Director Team received remuneration (excluding employer'5 pension contributions) totalling £554.627 (2023. £485,223). During the year redundancy costs of £6.135 were incurred (2023: £nil). During the year, the costs for six employees {2023.. Six) were recharged to another Group Company, 2 of which relate to the new group entlty NAHVI. Page 27
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiual reporlfor Ilieyeur eiiéletl 31 Marcli 2024 Notes to the accounts (eontinued) Net incoming resources 2024 20?3 Net income/(eYpenditure) is stated after eharging/{erediting): Depreciation on tan(Tible owned fixed assets (Profit)ILoss on revaluation of investments Interest (receivable)Ipayable Auditors, remuneration - audit Auditors, remuneration - other (Profit)/Loss on disposal of tangible assets 246,755 41,773 18,666 29,622 5,410 14,720 231,262 77,115 3,860 33,543 7,872 2,571 Taxation The oroup is exempt froin taxation due to its charitable status as approved by the Inland Revenueand Revenue Coininissioners. No ta¥ is therefore payable on the deficit for the year £)10,400 (?O?J= surplus of £?,668,425) 10. Auditors, remuncration The auditors, IEmuneration of £?J,790 {?0?3'. £41,415) is split as follows.. 2024 ?023 Audit services - group Payroll, Tax and other services 23,790 5,410 29,200 33,543 7,872 41,415 Poge 28
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiurfl reporlfor ilieyear elided 31 Marcli 2024 Notes to the accounts (continued) 11. Tangible fixed assets Group tangible rixed assets Land & buildings Motor vehicles Fixtures & rittings Computer equipment Plant and Machinery Total Cost At 31 March 2023 Additions Disposals Exchange adjustments At 31 Mareh 2024 3,801,947 160,881 (441,072) (39,348) 314,591 84,569 (21,533) (4,663) 320,384 47,223 {2,245) (3,216) 293,276 24.899 (38,963) (1.170) 6,017 4,736,215 317,572 (505,225) (48,521) (1,412) (124) 3,482,408 372,964 362,146 278,042 4,481 4,500,041 Depreciation At 31 March 2023 Charge for the year Disposals Exchange adjustments At 31 Mareh 2024 992,814 116.599 (41,441) (1,950) 177,551 68,888 (19,942) (2,072) 230,516 34,489 (1.473) (872) 254.628 26,572 (3 8,965) (1,027) 5,424 206 (1,025) (124) 1,660,993 246,754 (102,846) (6,045) 1,066,022 224,425 262,660 241,208 4,481 1,798,796 Net book values At 31 March 2024 At 31 March 2023 2,416J86 2,809,133 148,539 137,040 99,486 89,868 36,834 38,648 2,701,245 3,075,282 593 Company tangible rixed assets Land & buildings Motor vehi¢les Fixtures & rittings Computer equipment Plant and Machinery Total Cost At 31 March 2023 2,335,964 Additions 160,881 Disposals (441,072) At 31 March 2024 2,055,773 168,021 214,414 7,473 (2,245) 219,642 251,834 18,734 {38,963) 231,605 1,412 2,971,645 187,088 (498,532) 2,660,201 (14,840) 153,181 (1,412) Depreciation At 31 March 2023 Charge for the year Disposals At 31 March 2024 933,112 79,475 (41,441) 971,146 113,712 23,895 (13,249) 124J58 208,245 5,186 (1,473) 211,958 217,348 23,635 (38,965) 202.018 819 206 (1.025) 1.473,236 132,397 (96,153) 1,509.480 Net book values At 31 March 2024 1,084,628 At 31 March 2023 1,402,852 28,823 54,309 7,684 6,169 29,587 34,486 1,150,721 1,498,410 593 Page 29
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiuul reporlfor ilieyear elided 31 Mllrcli 2024 Notes to the accounts (continued) 12. Investments 2024 Investments at market value at 31 March 2023 Investment income reinvested Purchase of investments Disposal of Investments Net gain on revaluation and realisation Investments at market value at 31 March 2024 824,904 121,089 (106,162) 41.773 881,604 The historical cost of the investments is £905,692 {2023.. £889,483). Positive Futures has an investment policy which provides a framework for makino investment decisions. These investinents aiin lo provide a balance between capital growth and income oeneraiion over the medium lo lonts 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 with in allocation ranges as set out in the investment policy.For ethical reasons no dire¢1 equity investment is made n Tobacco, Alcohol, Gamblino Armaments and industries involved in exploitatiDn of Human Rights. The Inanagement of inveslinents is done by an external discretionary Inveslmei)t Manauei. appointed by Ilie Ti-ustees. Investments are reflected on the Balance Sheet at market value at 3 I Mai'ch ?0?4. Page 30
Positive Futures: Achieving Dreams. Transforming Lives. Annual reporifor Ilieyear elided 31 Marcli 2024 Notes to the accounts (continued) 12. Investments (continued) Positive Futures also exercises control overtwo subsidiary companies whose results are detailed below.. Name Business Registered Office Shares held Period end Turnover in year Profitl(loss) Net assetsl after tax (liabilities) Positive People (NI) c.I.c Employment 2b Park Agency Drive Bangor County Down None- limited by nla guarantee Registered Number N1623255 Positive Futures: Achieving Dreams. Transforniing Charity Lives. CLG Registration number Provision of Nesta Social Care Business Services Centre Unit 4-5 Burton Hall Park Burton Hall Road Sandyford Business Park Dublin 18 D18 A094 None- limited by guarantee 6,427,817 162,869 2,166,265 March 2024 Registered Number 566738 20106348 National Association of Housing for Visually Impaired {NAHVI) CLG Provision of 56 Social Care Hazelwood Services Beaverstown Road. Donabate Co. Dublin K36 XR28 None- limited by guarantee ei,113,614 (e343,771) Q,169.989 March 2024 Charity Registration number Registered Number 317329 CHY13759 On 16 February 2024 an application was made to voluntarily strike off Positive People CICN1623255. The company was dissolved on 14 May 2024 and is no longer part of the group. NAHVI filed accounts for 15 months to 31 March 2024 to bring year end in line with the rest of the Group. 12 month5 results are consolidated in the Group Financial statanents. Page 31
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiitsl reporlfor (lieyear eiicled 31 Marcli 2024 Notes to the accounts (continued) 13. Debtors Group 2024 Group Company 2023 2024 Company 2023 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 ,747,492 14,874 401,078 2,107,920 27,068 400,210 1,290,826 14,875 299,567 3,867 ,565,913 27,068 344,544 123,981 (32,042) 2,029.464 2,163,444 2,535,198 1,609,135 14. Creditors: amounts falling due within one year Group 2024 Group Company ?023 2024 Company Trade creditors Other creditors Accruals and deferred income Otlier taxes and social security 337,624 958,815 843,675 345,099 2,485,213 60? 974 267,102 860,745 412,959 215,214 1,756,020 514,748 ?79,639 540.?30 ?17,??5 1.551,842 JJ5,830 1,065,050 JOI,410 2,J05,?64 Included in other creditors are unallocated ci'edil transactions on debtor accountsihat wei'e reclassified ¢0 a separate credit balances account in the current year. The prior year reclassification would have been £276,441. 15. Deferred Income Included in accruals and deferred in¢oine is deferred income of £254,392 (2023.. £531,131) for the Group. and £60,495 (2023.. £273,764) for the Company. Deferred income comprises deferred grants and income for services to be provided after the year end. Group Company Balance as al 31 March 2023 Amount moved to other creditors Amount released to incoming resources Amount deferred in year Exchange differences Balance as at 31 March 2024 531,131 273,764 (61,978) (153,097) (351,379) {70.172) 150,092 10,000 (13,474) 254,392 60,495 Page 32
Positive Futures: Achieving Dreams. Transforming Lives. Annual reporlfor ilieyear ended 31 Marcli 2024 Notes to the accounts (continued) 16. Exceptional item Included in the prior year's figures are the exceptional item in relation to NAHVI which was brought into the Group on I September 2022. The breakdown of the exceptional item is as follows.. NAHVI Fixed Assets Current Assets Current Liabilities 1,423,446 795,171 (120,289) 2,098,328 Net Assets Unrestricted Funds Restricted Funds Totsl Funds 391,732 1,706,596 2,098,328 There are no exceptional items in this financial year. Page 33
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiial reporlfor ilieyear eiicled 31 Morcli 2024 Notes to the accounts (continued) 17. Analysis of net assets between funds At31 March 2023 Income Expenditure Tr2nsfers At31 Mareh 2024 Unrestricted funds Desionated funds Unrestricted funds NAHVI General funds Tot21 unrestricted funds 2,272,235 426,614 2,323,394 5,022,243 (11,739) (11,735) 3,144 (11,908,732) (470,462) (11,920,467) (479,057) 2,260,496 455,293 2,245,953 4,961,742 37,270 12,301,753 12,339,023 Restricted funds Supportino People Supportino People Covid 19 Emergency Fullding Bailey Thomas National Lottery Coininunity Fund National Lotlery Dioital Transformation SEED Grant Hospital Saturday Fund Wolfson Foundation Ulster Garden Villaoe British Scienc¢ Week BUPA HSE Grants Other restricted funds NAHVI Total restricted funds 1,973,0 l J 47,903 (2,508,47)) 5J5,460 (47,90)) i 0,000 i 0,000 10,000 ( i 0.000) 50,000 {24,111) 25,889 (105) 1,995 2,000 2,000 16,119 (16,119) 19,475 (19,475) 1.000 ( 1,000) 2,250 (1,454) 5.332.813 (5,231,074) 16,571 {21,435) 9?4,461 (1,303,415) 8,407,705 {9,136,661) 796 ,747,520 55,363 1,401,187 3,244,750 1,645,781 60,227 1,788,641 •3,494,649 (8.500) 479,057 Total funds 8,516,892 20,746.728 (21,057,128) 8,206,492 The charity's policy in respect of transfers between desitrnated funds is set out inthe Trustees, Report. The transfers affected in respect of the year ended 31 March 2024 are set out in detail in note 18. The Supporting People restricted funds have arisen from fundinq received from the Supportinv People programme. The programme funds a range of services which provide housing related support lo vulnerable people to iTnprove their quality of life and gain independence. The funds are restrictedto be used on the agreed services and support tasks contained in the funding aoreements. The Trustees have previously aoreed to eliminate annually any deficit that arises in respect of that fund. The Supporting People - Covid-19 Emergency FundinLT restricted fund arose from fundinty to Cover exceptional costs associated with the Covid-19 pandemic. The final payment in relation to this wa5 received during this financial year. This was transferred to unrestricted funds as costs 41ad been incurred in previous financial years. HSE grant5 are for the provision of care and support services in 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. Prtge 34
Positive Futures: Achieving Dreams. Transforming Lives. Annual reporifor ilieyear ended31 Marcli 2024 Notes to the accounts (eontinued) 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.. Retained Balanceat surplus / 31 March (deficit) 2023 for the year Transfers (from)Ito Balance at funds 31 March 2024 Designated funds Under occupancy nd 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 transfomiation 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 Ireland fund Designated funds Unrestricted funds NAHVI General fund 65,000 65,000 50,000 333,107 40,000 45,000 65,000 65,000 50,000 333,107 40,000 64,464 19,464 50,000 8,000 44,000 40,000 333,000 52,000 50,000 27,500 7,500 256,000 150,416 50,OIJO 8,000 64,000 50,000 358,000 52,000 50,000 27,500 15,000 356,000 141,015 20,000 10.000 25,01)0 7,500 loo.000 (9.401) 40,000 35,000 75,000 28,000 538,000 49,712 2,272,235 426,614 25.535 2,323J94 393,021 28,000 318,000 50,410 2,260,496 455,293 2,245,953 {220,000) 698 (11,739) 3,144 (470,462) Totsl unrestricted funds 5,022,243 418,556 (479.057) 4,961,742 In the year ended 31 March 2024 a transfer wa5 made of £479.057 (2023: £617,126) from unrestricted funds. This was to eliminate a deficit in restricted funds. note 17. Page 35
Positive Futures: Achieving Dreams. Transforming Lives. Aiiiiiial reporlfor ilieyefir eiiiled 31 Marcli 2024 Notes to the accounts (continued) 19. Operating leases At 31 March ?024, the group had future minimum lease payment commitments under noJFcancellable operating leases as follows= 2024 2023 Group Land and buildinos expirino: In less than one year Between two and five years More than five years 82,712 66,826 106,965 120,333 149,544 227,298 2024 2023 Motor vehicles expiring.. In less tlian one yeai- Between iwo and five years More than five yeais 5,559 Lease payinenls recoonised as expenses in th¢ period were £109,057. At 31 March ?0?4, the Company had future minimum lease payment cominilments under non-cancellable operating leases as tollows- 2024 2023 Company Land and buildings expiring.. In less than one year Between two and five years More than five years 47,916 64,300 72,416 107,356 112,216 179,772 Lease payments recognised as expenses in the period were £72,930 Page 36
Positive Futures: Achieving Dreams. Transforming Lives. Aiinual reporifor Ilieyear elided 31 Marcli 2024 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 forthe 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 £ l 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 2024 2023 Payments to ARC Limited Reimbursement of expenses to Trustees Services received from NAHVI Services provided to NAHVI 3,517 922 2,255 360 951 (153,971) Expenses reimbursed to Trustees are for travel andsubsistence. Trustees were reimbursed for £922 expenses during the year. (2023.. £360) Agnes Lunny, Chief Executive of Positive Futures.. Achieving Dreams. Transforniing Live& was also a Trustee of ARC Limifrd during the year and Fiona Mccabe, Group Director of Positive Futures.. Achieving Dreams. Transforming Lives. to 23 February 2024. was Chairperson of ARC Limited during the year. ARC Limited a charitsble company which provi(Èd services to Positive Futures. In prior year Fiona Keogh and John Alexander, Directors of Positive Future5. 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 2023, after this date NAHVI fornied part of the group and no longer is a related party- Except as disclosed above there were no other related paty transactions during the year. Page37