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2025-03-31-accounts

Positive Futures: Achieving Dreams. Transforming Lives.

Annual report and consolidated financial statements for the year ended 31 March 2025

Registered No: NI 029849

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Annual Report

Annual Report
Page (s)
Trustees and Advisers 3 – 4
Trustees’ Report 5 –13
Report of the Independent Auditors 14 – 16
Consolidated Statement of Financial Activities
17
Company Statement of Financial Activities
18
Consolidated Balance Sheet 19
Company Balance Sheet 20
Consolidated Statement of Cash Flows
21
Notes to the accounts
22 – 34

Page 2

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Trustees and advisers

Trustees

John Alexander Mary Bryce Stephen Cross Gareth Hetherington (from 9 April 2024) Mairead Mitchell Amanda Slevin (from 9 April 2024) Laurence Taggart Austin Treacy Peter Woodhead Carol Workman

Directors Team

Chief Executive Agnes Lunny Executive Director Paul Roberts Finance Director John Carew (until 30 April 2025 Ian Todd (from 27 June 2025) HR Director Christopher Perry Operations Director (NI) Siobhan O’Donnell (from 19 March 2024 – 26 July 2024) Donna Johnston (from 4 November 2024) Operations Director (IRL) Kerry Mallon Corporate Services Director Joanne Corcoran (until 31 May 2025)

Secretary

Dawn Morrow

Auditors

Sumer Auditco NI Limited Chartered Accountants and Statutory Auditors Glendinning House 6 Murray Street Belfast BT1 6DN

Solicitors

Worthington Solicitors 2 Court Street Newtownards BT23 7NX Edwards & Company Solicitors 28 Hill Street Belfast BT1 2LA

Bankers

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

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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

Page 4

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT

The Trustees present their report and the audited accounts for the year ended 31 March 2025. The Trustees’ Report also incorporates the requirements of a Strategic Report as required by legislation.

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 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 Commission NI (CCNI 101385). The address of the company’s registered 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 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 Committee Meetings.

The Board is comprised of a Chair, Vice-Chair and Trustees with skills in HR, Education, Learning Disability Services, Building Surveying, Law, Finance, Justice, the Environment, Economics 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 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.

The principal decisions taken by the company during the financial year are considered carefully by Trustees with regards to the need to foster business relationships with suppliers, customers and other stakeholders, including the people we support, our funders and the wider community.

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 determining pay levels, the Committee benchmarks with equivalent market rates of pay, terms and conditions.

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

In 2024, Positive Futures launched our Positive Plan (i.e. our Corporate Plan) 2024-28.

Subsidiaries

Positive Futures (NI) is the ultimate controlling party of three subsidiary companies: Positive People (NI) C.I.C., Positive Futures: Achieving Dreams. Transforming Lives. CLG (Positive Futures (IRL), and National Association of Housing for Visually Impaired Company CLG (NAHVI). Positive Futures (IRL) is the immediate controlling party of NAHVI.

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.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT (continued)

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

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 pages 3 to 4.

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 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 2025. 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.

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 autism to lead full and valued lives in their own communities.

Social investment does not form a material part of the Group’s charitable and investment activities.

Public benefit statement

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

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT (continued)

Who used and benefitted from our services?

Positive Futures, Northern Ireland (NI)

During the reporting period, Positive Futures (NI) provided direct support to 351 people (this figure includes timebound support delivered by our Autism Outreach Service, Lakeland Family Support Service and Arches Family Support Service). During the reporting period, the number of people supported through our supported living services and peripatetic services was 113 (during the year, 4 people we support sadly died). These are long term support arrangements which, in the main, support people with complex needs and require significant staffing levels.

In addition to the 351 people directly supported throughout 2024-25, the families and carers of these individuals also benefitted indirectly from the support provided.

Positive Futures, Ireland (IRL) and National Association of Housing for Visually Impaired (NAHVI)

During the reporting period. Positive Futures (IRL) and NAHVI provided direct support to 121 people. During the year, there was some fluctuation in the number of people supported by our Mo Shaol (HomeShare) service. 31 people were supported through our supported living services. These are long term support arrangements which, in the main, support people with complex needs and require significant staffing levels.

In addition to the 121 people directly supported, the families and carers of these individuals also significantly benefitted from the support provided.

Ensuring our work delivers our aims

Positive Futures has a Group governance framework which sets out the values, culture, and systems through which Positive Futures (NI) and its subsidiaries are answerable to, and engage with, the people we support, funders, the public and other stakeholders.

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 outlines the long-term strategic aims for the organisation and the annual business plan links our operational activities to our Corporate Plan. The annual business plan includes objectives specific to the work of each company within the Group.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT (continued)

We review our 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.

Our Corporate Aims

Our Positive Plan 2024-28 outlines that we want to provide even better support to even more people across the island of Ireland. To do this, we will continue to:

Our four Corporate Aims and Corporate Objectives in our Positive Future 2024-28 are summarised in Figure 1.

Figure 1: Our Plan on a Page – Our Corporate Aims and Objectives

Each of our corporate aims is supported by a set of targeted objectives that translate our strategic vision into focused, actionable priorities.

Corporate Aim 1: Provide even better support

  1. By March 2028, we will have implemented a new Person Centred (PC) Framework including outcome reporting for 100% of people we support.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT (continued)

  1. By March 2028, we will have enhanced our Positive Behaviour Support (PBS) through the development of new research partnerships and accreditation of PBS training programmes in order to improve people’s lives, to position ourselves as market leader within the field and to generate a PBS income stream.

Corporate Aim 2: Ensure we get, keep and develop the best staff

  1. By March 2028, we will have improved how we find, keep, develop, recognise and reward staff through delivery of an Employer of Choice Strategy.

Corporate Aim 3: Improve, innovate, influence and grow

  1. By March 2028, we will have implemented a new system to support the delivery of operations, integrated with HR & Payroll and introduced a dashboard based reporting system for managers on key organisational metrics.

  2. By March 2028, we will have increased awareness of Positive Futures through delivery of a PR, Marketing and Communications strategy.

  3. By March 2028, we will have streamlined our governance structure and arrangements across all 3 Boards and delivered our 2024-28 Corporate Plan, achieving minimum 90% of planned success measures across all corporate objectives.

  4. By March 2028, we will have achieved positive and sustainable changes for our stakeholders, our organisation and our planet through delivery of our Positive Green Strategy, including achieving annual carbon reduction targets.

Corporate Aim 4: Maintain and enhance funding levels to deliver even better and even more support

  1. By March 2028, we will have increased our financial viability in both NI and IRL, maximising income and implementing plans for long term and sustainable growth so we can provide even better support to even more people.

ACHIEVEMENTS AND PERFORMANCE

We made meaningful progress this year towards achieving our objectives for year one of the Corporate Plan. Progress is detailed below:

Objective 1: Person Centred Framework

A key milestone was the appointment of a Person Centred Lead, who will champion person centred practices across the Group. The individual is due to commence their role in 2025.

Significant progress was made in implementing the Outcomes Star – a digital tool designed to help individuals identify personal goals and track progress toward achieving them. This year, we met our target for every person supported by Positive Futures IRL and NAHVI to complete a baseline Outcomes Star, while 89% of the people we support in NI had baseline stars by the end of the year. The remainder will be in place early in the next financial year.

An annual progress report was presented to Trustees in December 2024, outlining achievements to date. Future reporting arrangements were agreed and will be led by the Person Centred Lead.

Objective 2: Positive Behaviour Support (PBS)

A focus for this year was to ensure a full PBS team was in place. As of 31 March 2025, one Senior PBS Specialist role remained unfilled. Recruitment efforts are ongoing to appoint to this key role.

Substantial work was completed to align every individual’s Person Centred Portfolio and Positive Behaviour Support Plan with the Crisis Prevention Institute framework.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT (continued)

The CPI Foundation Safety Intervention training was successfully delivered to staff in all services. In addition, CPI compliance metrics have been included in monthly Learning & Development reports to ensure alignment with mandatory training requirements.

Objective 3: Finding and Keeping Staff

Strong progress was made this year across key workforce and organisational development priorities:

Objective 4: Systems

One key success criterion for this year was to ensure all staff have access to IT skills training on core system functionality. Progress towards this has been steady, with IT clinics being conducted for some staff, and system user guides being circulated to all staff to support their understanding of core systems. LinkedIn Learning has been purchased and is scheduled for roll out by end of 2025. This platform will provide comprehensive training on Microsoft products and other relevant IT skills.

The second goal for this year was to deliver additional management training to 90% of managers to enhance the implementation of our risk and quality processes. We exceeded our initial target, with all managers receiving training on our risk management system. Feedback was also sought from managers on our current risk management arrangements which will inform our planned update to our policy and procedure in the next financial year.

Objective 5: PR, Marketing and Communications

There was limited progress against this objective as recruitment to the Head of PR, Marketing and Communications was delayed and did not take place during the year. In addition, implementation of a Customer Relationship Management system was put on hold and will proceed once the new postholder is in place.

Objective 6: Governance

A draft Vision statement was developed, and the Group’s Mission and Values were updated. These will be presented to the Board of Trustees in 2025 for formal approval prior to issue.

Progress was made to align the Boards of Positive Futures IRL and NAHVI, which includes the transfer of NAHVI’s care and support function to Positive Futures IRL in September 2025. NAHVI’s sole focus is now that of an Approved Housing Body.

The governance structure for the NAHVI Approved Housing Body was reviewed. An action plan was put in place and steady progress was made to ensure full compliance with the Approved Housing Bodies Regulatory Authority’s (AHBRA’s) standards, including the introduction of a set of housing-related policies. In November 2024 NAHVI successfully achieved registration with AHBRA.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT (continued)

Finally, the focus of our efforts under this objective was to agree a revised organisational management restructure, with changes to existing staff reporting arrangements commencing in March 2025. Work has also begun to prepare to recruit to several new strategic roles, including the Person Centred Lead, Head of Digital and Analytics, and Head of PR, Marketing and Communications as previously referenced. These appointments are critical to ensuring the organisation is adequately resourced to deliver on our corporate objectives.

Objective 7: Positive Green Strategy

Climate awareness training and capacity building for identified staff was successfully piloted in partnership with Keep Northern Ireland Beautiful (KNIB). In parallel, accessible awareness-raising resources and workshops were co-developed and piloted by KNIB with some of the people we support.

The first annual review of the Position Statement on climate change was completed, reaffirming our commitment to environmental responsibility.

The 2024-25 Energy Savings Opportunity Scheme (ESOS) action plan was largely implemented, with all planned actions completed except for the installation of solar panels at two premises owned by the NI company. This work is expected to be completed by the end of 2026.

We did not deliver a Positive Green Workshop for Directors and Trustees as planned, but this is being organised for autumn 2025. Following this, a dedicated Positive Green Team will be formally established to oversee the delivery of the organisation’s “Positive Green” strategy.

Objective 8: Financial Viability and Sustainable Growth

We made good progress this year in relation to contract reviews, costing, and financial reporting. All existing contracts were assessed to identify any contract which doesn’t meet our threshold of “breakeven or better”.

New contracts are now costed using an updated template to ensure full cost recovery. The costing process has been streamlined to support faster turnaround times for operational requests, with a tracker being implemented to support oversight of this.

Growth and housing strategies for the organisations within the Group will be developed and progressed in the second year of the Corporate Plan.

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 services also receive funding from the Northern Ireland Housing Executive Supporting People Programme. In addition, we receive income from grants, foundations, charitable trusts, individuals and community fundraising activities to fund specific projects.

The subsidiary companies in Ireland receive funding from the HSE for the provision of supported living, community support, day opportunities, residential and HomeShare services.

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 17 to 34.

As a Group, income has increased to £22,966,381 (2024: £20,746,728). 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 £1,278,025 to £16,420,802 (2024: £15,142,777).

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT (continued)

As is the case for all social care providers in Northern Ireland, we continue to face significant challenges in the recruitment and retention of skilled staff required for the delivery of high-quality services. This resulted in continued spending on agency workers of £790,075 (2024: £1,459,487).

Following changes in the values of our investments, we recorded a loss of £2,816 (2024: gain of £41,773). Investments are reflected on the Balance Sheet at market value at 31 March 2025. The charity holds investments for income and for long term gains.

The Trustees report a surplus across the Group of £451,397 (2024: deficit of £310,440).

The total Group funds at 31 March 2025 were £8,657,889 (2024: £8,206,492). The total funds held for restricted purposes is £3,332,081 and, of the unrestricted funds, the Trustees have designated £2,410,748. Details of this are shown in note 17.

The Trustees are confident that despite the continuing challenging environment, 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.

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:

Key risks and uncertainties

Positive Futures’ approach to risk management is guided by the Code of Good Governance (NI), 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 management policy and procedure which clearly defines roles and responsibilities and details procedures for risk identification, monitoring, reporting and escalation of issues.

During the reporting period, the Corporate Risk Register was managed by the Corporate Services Director and owned by all Directors. The Corporate Risk Register is reviewed at each of the meeting of the Board of Trustees (in both Northern Ireland and Ireland). Workforce and funding pressures remain as two key risks throughout the year. Mitigation measures are in place across all identified risks, including strengthened oversight, targeted action plans, and ongoing engagement with stakeholders to ensure transparency and responsiveness. All other risks, including all risks associated with NAHVI, were being managed at a departmental or service level.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

TRUSTEES’ REPORT (continued)

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 discrimination. 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 (NI) established a Joint Consultative Committee (JCC), comprising representatives from all our service locations. In broad terms, this forum has two main purposes. First, to provide a platform where staff representatives from across the organisation can meet directly with senior managers in order to contribute to the organisation’s development and decision-making. Second, to serve as a health and safety committee.

In 2019, a JCC was established in Positive Futures (IRL) 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 a named representative from the service. Each of these consultative forums 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 meaningful.

PLANS FOR FUTURE PERIODS

Our Positive Plan 2024-28 sets out the Group’s eight strategic corporate objectives that will guide our work over this period. We have approved a focused set of activities for year two, designed to build on progress to date and advance our priorities.

As detailed above, the transfer of NAHVI’s care and support function to Positive Futures completed in September 2025. This included the transfer of NAHVI staff and associated HSE Service Arrangements and income relating to the provision of support services. NAHVI will now operate solely as an Approved Housing Body, with its activities fully aligned to the provision of housing.

Auditors

In July 2024, our previous external auditors, ASM (B) Ltd, transferred all their external audit contracts to Sumer Auditco NI Limited. The Board has agreed to the novation of the external audit contract to Sumer Auditco NI Limited.

A resolution to re-appoint the auditors, Sumer Auditco NI 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 30 September 2025.

John Alexander Chair

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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 2025 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 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.

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.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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

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.

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.

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Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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

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

Sumer Auditco NI Limited

Chartered Accountants & Statutory Auditors Glendinning House 6 Murray Street Belfast BT1 6DN

30 September 2025

Sumer Auditco NI Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 16

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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)
Transfers
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
16
Total funds carried forward
16		 Restricted
£
-
9,570,667
-
9,570,667
(9,884,523)
(9,884,523)
-
(313,856)
(71,385)
472,572
87,331
3,244,750
3,332,081		 Unrestricted
£
73,306
13,322,408
-
13,395,714
(12,544,998)
(12,544,998)
(2,816)
847,900
(11,262)
(472,572)
364,066
4,961,742
5,325,808		 2025
£
73,306
22,893,075
-
22,966,381
(22,429,521)
(22,429,521)
(2,816)
534,044
(82,647)
-
451,397
8,206,492
8,657,889		 2024
£
48,911
20,683,097
14,720
20,746,728
(20,993,778)
(20,993,778)
41,773
(205,277)
(105,123)
-
(310,400)
8,516,892
8,206,492

All amounts above relate to continuing operations of the Group.

The notes on pages 22 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 2025

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
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Restricted
£
-
2,292,722
-
2,292,722
(2,759,885)
(2,759,885)
-
(467,163)
-
474,671
7,508
40,680
48,188		 Unrestricted
£
73,306
14,054,774
-
14,128,080
(13,297,852)
(13,297,852)
(2,816)
827,412
-
(474,671)
352,741
4,456,039
4,808,780		 2025
£
73,306
16,347,496
-
16,420,802
(16,057,737)
(16,057,737)
(2,816)
360,249
-
-
360,249
4,496,719
4,856,968		 2024
£
48,911
15,093,828
38
15,142,777
(15,233,668)
(15,233,668)
41,773
(49,118)
-
-
(49,118)
4,545,837
4,496,719

All amounts above relate to continuing operations of the company.

The notes on pages 22 to 34 form part of these accounts.

Page 18

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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
16
Restricted funds
16
Total funds		 2025
£
3,499,270
910,539
4,409,809
2,267,810
5,050,945
7,318,755
(3,070,675)
4,248,080
8,657,889
8,657,889
5,325,808
3,332,081
8,657,889		 2024
£
2,701,245
881,604
3,582,849
2,163,444
4,945,412
7,108,856
(2,485,213)
4,623,643
8,206,492
8,206,492
4,961,742
3,244,750
8,206,492

The accounts on pages 17 to 34 were approved by the Board of Trustees and authorised for issue on 30 September 2025.

_____

John Alexander Trustee

_____ Mairead Mitchell Trustee

Co. Registration No. NI 029849

The notes on pages 22 to 34 form part of these accounts.

Page 19

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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
16
Restricted funds
16
Total funds		 2025
£
1,536,513
910,539
2,447,052
1,798,578
2,808,245
4,606,823
(2,196,907)
2,409,916
4,856,968
4,856,968
4,808,780
48,188
4,856,968		 2024
£
1,150,721
881,604
2,032,325
1,609,135
2,611,279
4,220,414
(1,756,020)
2,464,394
4,496,719
4,496,719
4,456,039
40,680
4,496,719

The accounts on pages 17 to 34 were approved by the Board of Trustees and authorised for issue on 30 September 2025.

_____

John Alexander Trustee

Mairead Mitchell Trustee

Co. Registration No. NI 029849

The notes on pages 22 to 34 form part of these accounts.

Page 20

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Consolidated Statement of Cash Flows

Cash flows from operating activities:
Net cash provided by operating activities (see below)
Cash flows from investing activities:
Dividends, interest 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
Change in cash in the reporting period
Cash at the beginning of the reporting period
Cash at the end of the reporting period		 2025
£
1,156,567
73,306
-
(1,092,589)
-
(31,751)
(1,051,034)
105,533
4,945,412
5,050,945		 2024
£
425,130
48,911
417,098
(317,573)
-
(14,926)
133,510
558,640
4,386,772
4,945,412

Reconciliation of net income to net cash inflow from operating activities

Net income for the reporting period (as per the Consolidated
Statement of financial activities)
Adjusted for:
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
(Decrease)/Increase in creditors
(Increase)/Decrease in debtors
(Profit)/Loss on disposal of Fixed Assets
Exchange difference on consolidation
Net cash provided by operating activities		 2025
2024
£
£
451,397
(310,400)
258,600
246,754
2,816
(41,773)
(73,306)
(48,911)
585,462
179,948
(104,366)
371,754
-
(14,720)
35,964
42,478
1,156,567
425,130

Analysis of cash and cash equivalents

Cash at bank and in hand
Total cash and cash equivalents		 31 March
2024
£
4,945,412
4,945,412		 Cash Flow
£
105,533
105,533		 31 March
2025
£
5,050,945
5,050,945

The notes on pages 22 to 34 form part of these accounts.

Page 21

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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 4.

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 22

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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.

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.

Page 23

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

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		 2025
£
37,502
35,804
73,306		 2024
£
18,666
30,245
48,911

4. Other Income

Profit from disposal of fixed assets Group
2025
2024
£
£
-
14,720
-
14,720		 Company
2025
2024
£
£
-
38
-
38		 Company
2025
2024
£
£
-
38
-
38
38

5. Incoming resources from charitable activities

Group
Health Board and Trust
income
Supporting People
income
Health Service
Executive Grant
Income from service
users
Other fees and grants
Gifts and other income		 Restricted
£
-
2,201,722
6,929,672
16,556
422,717
9,570,667		 Unrestricted
£
12,707,974
-
-
546,827
38,419
29,188
13,322,408		 2025
£
12,707,974
2,201,722
6,929,672
563,383
461,136
29,188
22,893,075		 Restricted
£
-
2,020,916
6,245,183
15,276
112,944
1,295
8,395,614		 Unrestricted
£
11,661,991
-
-
586,345
-
39,147
12,287,483		 2024
£
11,661,991
2,020,916
6,245,183
601,621
112,944
40,442
20,683,097

Page 24

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

5. Incoming resources from charitable activities (continued)

Company
Health Board & Trust
income
Supporting People
income
Income from service
users
Other fees and grants
Gifts and other income		 Restricted
£
-
2,201,722
-
91,000
-
2,292,722		 Unrestricted
£
12,707,974
-
526,063
38,419
782,318
14,054,774		 2025
£
12,707,974
2,201,722
526,063
129,419
782,318
16,347,496		 Restricted
£
-
2,020,916
-
112,944
-
2,133,860		 Unrestricted
£
11,661,991
-
549,075
-
748,902
12,959,968		 2024
£
11,661,991
2,020,916
549,075
112,944
748,902
15,093,828

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
£
6,879,212
343,999
531,646
99,251
254,049
164,805
432,040
121,038
1,058,483
9,884,523
Restricted
£
2,429,408
35,331
30,172
43,160
34,173
67,779
81,896
2,462
35,504
2,759,885		 Unrestricted
£
9,126,148
2,286,857
143,803
132,157
113,133
35,945
444,412
137,562
124,981
12,544,998
Unrestricted
£
9,833,962
2,196,946
166,886
140,188
127,231
43,344
477,078
137,562
174,655
13,297,852		 2025
£
16,005,360
2,630,856
675,449
231,408
367,182
200,750
876,452
258,600
1,183,464
22,429,521
2025
£
12,263,370
2,232,277
197,058
183,348
161,404
111,123
558,974
140,024
210,159
16,057,737		 Restricted
£
6,431,147
255,020
419,327
62,480
268,184
151,055
360,817
116,566
980,126
9,044,722
Restricted
£
2,301,074
31,677
27,973
18,631
37,883
68,666
62,803
2,207
29,823
2,580,737		 Unrestricted
£
9,027,453
1,866,486
100,485
118,364
148,538
15,573
374,758
130,189
167,212
11,949,056
Unrestricted
£
9,593,134
1,868,471
123,270
126,291
145,401
22,877
406,320
130,189
236,978
12,652,931		 2024
£
15,458,600
2,121,506
519,812
180,844
416,720
166,628
735,575
246,755
1,147,338
20,993,778







2024
£
11,894,208
1,900,148
151,243
144,922
183,284
91,543
469,123
132,396
266,801
15,233,668

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

Page 25

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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:

By activity:
Direct care activities
Administration and training
Staff costs (for the above persons)
Wages and salaries
Social security costs
Pension costs		 Group
2025
2024
Number
Number
641
619
119
94
760
713
Group
2025
2024
£
£
16,300,219
15,552,254
1,496,578
1,404,872
555,343
387,379
18,352,140
17,344,505



Company
2025
2024
Number
Number
539
515
97
81
636
596
Company
2025
2024
£
£
12,142,661
11,049,286
1,042,747
920,612
516,946
323,575
13,702,354
12,293,473		 Company
2024
Number
515
81
596

Group spend on agency workers amounted to £790,075 (2024: £1,459,487).

Pension contributions in the year for the provision of a defined contribution scheme amounted to £555,343 (2024: £387,379) and contributions due at the year-end amounted to £Nil (2024: Nil).

Included in the pension cost is accrual for £156,280 for a proposed one-off payment to the Chief Executive’s Occupational Pension. This was ratified by Trustees at Board and approval granted by the Charity Commission.

During the year, two employees received remuneration (excluding employer’s pension contributions) over £105,000 (2024: one).

One employee received remuneration between £70,000 – £80,000 (2024: none). Three employees (2024: 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’s pension contributions) totalling £537,091 (2024: £554,627).

During the year, redundancy costs of £1,035 were incurred (2024: £6,135).

During the year, the costs for three employees (2024: six) were recharged to another Group company.

Page 26

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

8. Net incoming resources

2025 2024
£ £
Net income/(expenditure) is stated after charging/(crediting):
Depreciation on tangible owned fixed assets 258,600 246,755
(Profit)/Loss on revaluation of investments (2,816) 41,773
Interest (receivable)/payable 37,503 18,666
Auditors’ remuneration – audit 32,322 23,790
Auditors’ remuneration – other 600 -
Payroll and tax services 5,924 5,410
(Profit)/Loss on disposal of tangible assets - 14,720

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 £451,397 (2024: deficit of £310,400).

10. Auditors’ remuneration

The auditors’ remuneration of £32,922 (2024: £23,790) is split as follows:

Audit services – group
Payroll, Tax and other services		 2025
£
32,322
600
32,922		 2024
£
23,790
-
23,790

Page 27

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

11. Tangible fixed assets

Group tangible
fixed assets
Cost
At 31 March 2024
Additions
Disposals
Foreign exchange
adjustments
At 31 March 2025
Depreciation
At 31 March 2024
Charge for the year
Disposals
Foreign exchange
adjustments
At 31 March 2025
Net book values
At 31 March 2025
At 31 March 2024
Company tangible
fixed assets
Cost
At 31 March 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 31 March 2024
Charge for the year
Disposals
At 31 March 2025
Net book values
At 31 March 2025
At 31 March 2024		 Land &
buildings
£
3,482,408
459,261
(3,522)
(31,689)
3,906,458
1,066,022
119,792
(3,522)
(2,237)
1,180,055
2,726,403
2,416,386
Land &
buildings
£
2,055,773
417,272
(3,522)
2,469,523
971,146
82,794
(3,522)
1,050,418
1,419,105
1,084,627		 Asset under
construction
£
-
474,018
-
(1,792)
472,226
-
-
-
-
-
472,226
-
Asset under
construction
£
-
-
-
-
-
-
-
-		 Motor
vehicles
£
372,964
73,512
-
(4,944)
441,532
224,425
71,964
-
(2,384)
294,005
147,527
148,539
Motor
vehicles
£
153,181
50,482
-
203,663
124,358
26,395
-
150,753
52,910
28,823		 Fixtures &
fittings
£
362,146
24,174

-
(3,208)
383,112
262,660
36,202

-
(1,234)
297,628
85,484
99,486
Fixtures &
fittings
£
219,642
8,720
-
228,362
211,958
5,258
-
217,216
11,146
7,684		 Computer
equipment
£
278,042
61,624

-
(1,073)
338,593
241,208
30,642
-
(887)
270,963
67,630
36,834
Computer
equipment
£
231,605
49,341
-
280,946
202,018
25,576
-
227,594
53,352
29,587		 Plant and
Machinery
£
4,481
-

-
(99)
4,382
4,481
-
-
(99)
4,382
0
-
Plant and
Machinery
£
-
-
-
-
-
-
-
-
-
-		 Total
£
4,500,041

1,092,589

(3,522)
(42,805)
5,546,303
1,798,796

258,600

(3,522)
(6,841)
2,047,033
3,499,270
2,701,245
Total
£
2,660,201
525,815
(3,522)
3,182,494
1,509,480
140,023
(3,522)
1,645,981
1,536,513
1,150,721

Page 28

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

12. Investments

2025
£
Investments at market value at 31 March 2024 881,604
Investment income reinvested -
Purchase of investments 189,123
Disposal of Investments (157,372)
Net gain on revaluation and realisation (2,816)
Investments at market value at 31 March 2025 910,539

The historical cost of the investments is £940,089 (2024: £905,692).

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 2025.

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

Name Business Registered Shares Period Turnover Profit/(loss) Net assets/
Office held end in year after tax (liabilities)
Positive Provision of Nesta None – 31 €6,841,957 (€201,764) €1,964,501
Futures: Social Care Business limited March
Achieving Services Centre, Unit by 2025
Dreams. 4-5 Burton guarantee
Transforming Charity Hall Park,
Lives. CLG Registration Burton Hall
number Road,
Registered 20106348 Sandyford
Number Business
566738 Park, Dublin
18, D18
A094
National Provision of 56 None – 31 €2,048,821 €408,714 €2,578,703
Association of Social Care Hazelwood, limited March
Housing for Services Beaverstown by 2025
Visually Charity Road, guarantee
Impaired Donabate,
(NAHVI) Registration Co. Dublin,
CLG number K36 XR28
CHY13759
Registered
Number
317329

Page 29

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

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		 Group
2025
£
1,835,889
20,673
411,248
-
2,267,810		 Group
2024
£
1,747,492
14,874
401,078
-
2,163,444		 Company
Company
2025
2024
£
£
1,488,775
1,290,826
20,673
14,875
268,992
299,567
20,138
3,867
1,798,578
1,609,135

14. Creditors: amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income
Other taxes and social security		 Group
2025
£
407,424
1,229,293
1,062,689
371,269
3,070,675		 Group
2024
£
337,624
958,815
843,675
345,099
2,485,213		 Company
2025
£
339,634
968,720
631,770
256,783
2,196,907		 Company
2024
£
267,102
860,745
412,959
215,214
1,756,020

Included in other creditors are unallocated credit transactions on debtor accounts that were reclassified to a separate credit balances account.

15. Deferred Income

Included in accruals and deferred income is deferred income of £278,152 (2024: £254,392) for the Group, and £52,333 (2024: £60,495) for the Company. Deferred income comprises deferred grants and income for services to be provided after the year end.

Group Company
£ £
Balance as at 31 March 2024 254,392 60,495
Amount moved to other creditors - -
Amount released to incoming resources (137,240) (98,781)
Amount deferred in year 165,422 90,620
Exchange differences (4,422) -
Balance as at 31 March 2025 278,152 52,334

Page 30

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

16. Analysis of net assets between funds

Unrestricted funds
Designated funds
Unrestricted funds NAHVI
General funds
Total unrestricted funds
Restricted funds
Supporting People
Bailey Thomas
National Lottery
Community Fund
National Lottery Digital
Transformation
SEED Grant
Hospital Saturday Fund
Wolfson Foundation
Ulster Garden Village
British Science Week
BUPA
HSE Grants
Other restricted funds
NAHVI
Total restricted funds
Total funds		 At 31 March
2024
£
2,260,496
455,293
2,245,953
4,961,742
-
10,000
-
25,889
1,995
2,000
-
-
-
796
1,747,520
55,363
1,401,187
3,244,750
8,206,492		 Income
£
-
20,764
13,374,950
13,395,714
2,201,722
-
-
50,000
-
-
41,000
-
-
-
5,561,572
16,556
1,699,817
9,570,667
22,966,381		 Expenditure
£
-
(10,149)
(12,548,927)
(12,559,076)
(2,676,394)
(10,000)
-
(27,892)
(1,803)
(2,000)
(41,000)
-
-
(796)
(5,786,496)
-
(1,409,527)
(9,955,908)
(22,514,984)		 Transfers
£
150,252
2,099
(624,923)
(472,572)
474,671
-
-
-
-
-
-
-
-
-
-
-
(2,099)
472,572
-		 At 31 March
2025
£
2,410,748
468,007
2,447,053
5,325,808
-
-
-
47,997
192
-
-
-
-
-
1,522,596
71,918
1,689,378
3,332,081
8,657,889

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 2025 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.

HSE grants 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.

Page 31

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

17. 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
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
Climate change fund
Family services fund
Agency staff usage fund
Positive Futures Ireland fund
Designated funds
Unrestricted funds NAHVI
General fund
Total unrestricted funds		 Balance at 31
March 2024
£
65,000
65,000
50,000
333,107
40,000
64,464
50,000
8,000
64,000
50,000
358,000
52,000
50,000
27,500
15,000
356,000
141,015
75,000
28,000
318,000
50,410
2,260,496
455,293
2,245,953
4,961,742		 Retained
surplus /
(deficit) for
the year
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,615
826,023
836,638		 Transfers
(from)/to
funds
£
-
35,000
10,000
385,000
-
15,536
-
(5,000)
6,000
(20,000)
-
-
25,000
(25,000)
(10,000)
(66,894)
-
20,000
-
(218,000)
(1,390)
150,252
2,099
(624,923)
(472,572)		 Balance at 31
March 2025
£
65,000
100,000
60,000
718,107
40,000
80,000
50,000
3,000
70,000
30,000
358,000
52,000
75,000
2,500
5,000
289,106
141,015
95,000
28,000
100,000
49,020
2,410,748
468,007
2,447,053
5,325,808

In the year ended 31 March 2025, a transfer was made of £472,572 (2024: £479,057) from unrestricted funds. This was to eliminate a deficit in restricted funds, note 16.

Page 32

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

18. Operating leases

At 31 March 2025, 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		 2025
£
138,248
304,534
2
442,784
2025
£
-
-
-
-		 2024
£
82,712
66,826
6
149,544
2024
£
-
-
-
-

Lease payments recognised as expenses in the period were £ 120,467.

At 31 March 2025, 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		 2025
£
110,802
304,534
-
415,336		 2024
£
47,916
64,300
-
112,216

Lease payments recognised as expenses in the period were £78,736.

19. 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 NAHVI, there are contingent liabilities in relation to Property Charges. In the event that the company should cease to use certain properties for the purpose for which the grants were received, these grants could become repayable, in part or in whole. There are also legal charges in place over the properties at Carr’s Mill and Seacourt as a result of the grants received.

Positive Futures (IRL) have ongoing employment disputes where a liability has not yet been established and cannot be quantified.

Page 33

Positive Futures: Achieving Dreams. Transforming Lives. Annual report for the year ended 31 March 2025

Notes to the accounts (continued)

20. 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.

21. Control

The company is controlled by a Board of Trustees.

22. Analysis of payments to Trustees and Related Parties by the Group

2025 2024
£ £
Payments to ARC Limited - 3,517
Reimbursement of expenses to Trustees 535 922

Expenses reimbursed to Trustees are for travel and subsistence. Trustees were reimbursed for £535 expenses during the year (2024: £922).

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

23. Post Balance Sheet Events

The Board has approved, subject to the necessary registrations, that in September 2025 NAHVI’s contracts with the HSE for the provision of care and support services are to be transferred to Positive Futures: Achieving Dreams Transforming Lives CLG. The staff associated with the delivery of this service will also transfer to become employees of Positive Futures under TUPE arrangements.

The properties and activities associated with the Approved Housing Body remain within NAHVI.

Page 34