Company ￿gIstratIon number: 03126759 Charity registration nulnber: 1065630 Live Inclusive (A company limited by guarantee) Annual Report arAd Financial Statements for the Year Ended 31 M￿Ch 2024 Axholme Associates Limited Chartered Certified Accountants 35 Thome Road Doncaster South Yorkshire DNI 2HD Live Inclusive Contents Reference and Administrative Details Trustees, Report 2to6 Statement of Trustees, Responsibilities Independcnt Examin¢r'$ Report 8t09 Statement of Financial Activities Ioto 11 Balance Sheet 12 Note5 to the Financial Statements 13to26 Live Inclusive Reference and Administrative Details ChlelExecutlve Officer E Shipley Ch#rity Registratlon Number 1065630 Company Reglstration Number 03126759 The charity is incorporated in England. Office E I Cavendish Court South Parade DOnc￿ter South Yorkshirc DNI 2DJ Registered Office Independent Examiner Mr A Cane FCCA Axholme Associate5 Limited Chartered Certified Accountants 35 Thorne Road Don¢ustcr South Yorkshire DNI 2HD Page I Live Inclusive Trustees, Report The trustee5. who Bre directors for the purposes of company law, present the annual report together with the financial statements of the charitable ¢ompany for thc year ended 31 March 2024. Objectives wnd aetlvitles Objecllves, strategies rtnd ncltvldes In this year we continued to deliver estsblished projects from a n)ixture of grant and ¢on]missioned public sector contracts. These include Benefits AdviLe and Infonnation; Energy Advice. Enabling. and Peer Support Group work. We continue to rntin&ge 8 team of volunt¢ers, undertakiug a mixture of hcfriending and support for events and activities. WL achieve stroiig oiitrvmes in support of di¥&bled people P4nd anyone with a lung-lenn heallh condition. This can be evidenced by our monitoring and reporting for our fiLndgrs and conunissioners. AchievLment of outCOLDes include building confideiice and raising self-e5teem' feeling less lonely and soci&lly i501ated' and achieving significant financial benefits for our customers through our advAce provision in Energy a.nd Welfare Benefits. It is a150 Important to us to en8age with the privat¢ and public sector to raise awareness of the issues affceting disablcd people. This aLso allows us to generate income through training and consultancy. Our User Group Inclusive Voi¢e8 pi'oves to be an invaluable source of support in infom]ing our future services. off¢rin8 consultation and as a peer support group, The National Lottery CoLnmunity Fund (NLCF) have continued lo be one of our main funders in this fiThancial yeAr. We wcrc succes5fv1 in gaining C05t of Living Grant ￿ndIng du¢ to our expansion of icrvices in responsc to the Cost-of-Living Crisis, We have been'able lo launch our new website, wvnv.liveinclusive.org.uk (thanks to funding from NLCF) and upd&te our logo in the process. We would like lo take the opportunity of thanktng the National Lottery Community Fund for their continued belief in the work that we do in support of our disabled and long lerrn condition re8idLnts across Doncaster and Rotherham. A great addition to our funding income streams has bLcn P4 new partnership wilh the Northern POwe￿r1d. We are particularly delighted to gain investment from thc PTlV(Ite Sector, adding an additional mix to our in¢orne streams, Northern PowerGrid are funding our Welfare Benefits Advice & Inforniltion s¢rvice in Doncaster. This allows us to improve the financial security for our customers which, in turn. enable8 thern to better manage their energy costs. We have had a particularly challenging year with our Recharge ETher8y Advice service, delivered &cr085 Rotherham and Doncaster. Recruitment ha5 been a major factor. Salaries have escalated significantly across other Advice providers. and it h&5 been difficult for Live In¢lu5ive lo maintain its competitiveness in terms of salary. Unusually, we have experienced a high staff turnover on our Recharge Energy Advice Service. Something we have never experienced befor¢. Page 2 Live Inclusive Trustees, Report Our Advisers are qualified to City & Guilds Level 3 in Ener8y Advice and hav¢ Level 2 qualifications in Fuel Poverty in the Conununity. This continues to provide rea￿urallce that we have th¢ ¢xpcrtise to deliver thi5 relatively new service for Live Inclusive. Alongside our on¢-to-on¢ support and group work, we continue to provide eacll household a set of 8 LED Energy Saving Lightbulb5 and otlier small energy saving products. Thanks to the Energy Redress Fund for making this possible. We have also been success￿1 in launching an exciting partnership initiative. funded by the City of Doncaster Council under the Shared Prosperity Fund. Stronger Links is a Pilot PrDjecL This partnership include8 Chunging Lives (undertaking BAME engagcment), Project 6 (Dwg and Alcohol Service$), darts (Doncaster Community Arts}, Age UK Doncaster {offEring MOTS for the Over 505), Opcn Minds Counselling Services and Live Inclusive providing Welfare Benefits A&1 provision. We're providing our services in 2 5up¢r-deprived areas of Doncaster: HeXtho￿e and Edlington. This will be a great test bed for demonstrating the impact we can achieve through collaboration and cross referral, Home visits ensure that we provide a gap in Bervices across Doncaster and Rotherham. Our Person-centred approach and commitmcnl to the social Model of disability values and principles is at the corc of everything we do. PFdrtnerships In addition to our Partnership mention¢d abov¢, we Continue to collaborate and forni partnerships across Doncaster and Rotherham, These include.. Energy Advice in Rotherharn Network. This was ¢stablish¢d by Live Inclusive and is made up of public sector and VCFS Organisations who meei bi-nwnthly io share best practice and inforn]ution. We want to maximise our support for Rotherham residents* particularly at this difficult time. Live Inclusive wa5 one of the founders of the Donc&5ter Advice Network (DAN), and remains a membcr of the Steering CJroup, alongside Citizenq Advice Doncaster, St Leger Homes (Tenancy Support Tcum), Well Doncaster (Public Health) and Age UK Doncaster. The Social Isolation and Loneliness Alliance in Doncaster He<h & Social C&re Forum, Doncaster Advice in Rotherham Parmership Befriending Providcrs, Network, Rotherham. A5 a result of the Cost-of-Living Crisis, Live Inclusive is 0150 a representative on the following: Sustainable Homes Group, Doncaster. Humanitarian and Communities Group, Rotherharn Live Inclusive also leads and coordinates C05t of Living Hub Events. Thi8 was est&bli8hed in partnership with Corrjmunity First Credit Union, St Leger Homes, DWP and Citizens Advi¢e Doncaster. We coordinate events around the City of Doncaster to provide a dTOP-ia space for resident5 to gain advice and guidance from a variety of organisations. Page 3 Live Inclusive Trustees, Report Our services include., So¢l&l Prescrlblng- Advice and Informatlon Social Prescribing Advice and Information 15 part of the wider Social Prescribing Scheme that is funded and managed by Voluntary Action Rotherham, This service asslsted, 96 patients, through home visits. to successfully identify and apply for appropriate benefits. In this 12-month accounting period, our Support Worker achieved 870/ts positive sust&inable outcomes for our customers, and achieved a financial gain of £243,241 across the Service. This is calculatcd by a successful claim, multiplied by 12 months and including finy arrears. This is money that Amproves the financial security of our customers anl in turn, 18 rnoney that Is a180 returned to thc local economy of Rotherham, Social Prescriblng- Befrlendlng Plus The Befriending Plus service is also part of the wider Social PresGTibing Scheme that is funded aDd rnanaged by Voluntary Action Rotherlwn. The s¢rvice airns to support socially isolated people with long-terrn health Conditions to integrate and access Social activities aThd community services. Support is provided on a one-to-one basis, with wider access to pecr networks and activities. We currently have one Befriending Volunteer for this Service. Paul provide8 invaluable support for our custon￿rs, and we are very grate￿1 for his continued commitrnent to helping our Social Prescribing pationts. Community Integrpdtion The Conununity Integration Servioe 1$ fijnded by Rotherham NHS Integrated Care Board (ICB) and supports individuals with a neurologic81 condition, or who may have suffered brain trauma. A8 well as providing one-to-one enabling support, we also offer ben¢fits advice and information, along with peer support group activities as part of this servi¢e. Live Inclusive has undertakcn a ￿11 evaluation of this service in support of the NHS ICB ongoing revi¢w of the ConJnunity Integration Service, Our Support Worker averaged a case load of 56 customers to increase confidence; irnprove their financial security and connect with others. Financial gains for this f￿all¢la1 year amounted to £106,895.70, Recharge Eneryy Advice Funded by the Energy Redress Fundi providing one to onc support for customers to improve tbeir energy efficiency ITh the home, reduce costs and change behaviour in relation to energy use. sn￿11 energy saving products are provided free of charge. Welfare Beneflts Advice InlormAtion Funded by the Northern PoweTGrid for the City of Don¢a8ter, Supported 46 ¢u5tomer8 to 31 March 2024. with financial gains of £121,925.04. Page 4 Live Inclusive Trustees, Report Stronger Llnks- Welfare Beneftts Advlce and Information A new service funded by the City of Doncaster Couneil. Working in 2 super-deprived localities of Hexthorpe and Edlington, A partnership made up of 6 organisations. measuring the impact of collaborative service delivery. See also details above. Attesglblltty Audlt& Training and Consultancy We provided an updated accessibility report for A local Creative Arts venu¢ in this year, in support of their environmental bid to improve the building. This was a successftd application. We also provided disability confidence training for our Inclusive Voices and other VCFS Organisution5. We continue to seek opportunities to raise awe4reness of the challenges oft¢n experienced by disabled people, Publle beneJlt The trusiees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard ts the public benefit guidance publi8h¢d by the Charity CommissioD for England and Wales, Structure> gr1Vern￿nL￿ snd m&n74gement Flnanclal Instrument8 Objectlvu andpolicies The charity'6 activities expose it to a number of finY4ncial risks including credit risk, cash flow risk and liquidity ri8k, Crtshflow rlsk The charity's activities expose it pritnarily to the financial risks of non-renewal of contracts and grants being unavailable for the charitie5 U8e, Credll rLsk The charity's principal finwcial assets are bank balanccs and cash, trade receivables. The ¢harity'$ credit rksk is primarily attributable to its trade receivables. The amounts presented in the b4lance sheet are net of allowance5 for doubtful receivables. An allowance for impainnenl is made where there is an identified 105s event which. based on previous experience. is evidence of a reduction in the rccoverability of the cash flows. The credit risk on liquid funds and derivative financial instrLunents is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The Qharity ha5 no significant ¢oncentr8tion of credit risk, with exposure spread over counterparties and rustomers. Llquidlty rlsk In order to maintain liquidity to ensure that sufficient funds are availablc for ongoing operations and ￿tUre development5, the charity uses a budgetary system based on available cash reserves Trustees and offlc¢rs The trustees and offjcers serving during the year 8Thd since the year end were as follows: Page 5 Live Inclusive Trusteesl Report Trustees.. R Dawes A Hornsby C Smitb Chkef Executive Officer.. E Shipley Page 6 Live Incluslve Statement of Trustees, Responsibl]ities The trustees (who are also the director6 of Live Inclusive for the purposes of company law) are responsibl¢ for preparing the trustees, report and the financial 5tatetnents in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Piactice), including FRS 102 The Financial Reporting Siandard applicable in the UK and Republic of Ireland Company law require5 the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a and fair view of the state of affairs of the charitable COllLpany and of the incoming resources and application of resource5, including its irtcome and expenditure, of the charitsble conwany for that period. In pr¢paring these financial statemcnls, the trustees are required to: 8elect Buitable accounting policies and apply them consistently. observe the methods and principles irA the Charities SORP; make judgements and estimates that are reasonable and prudent" state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in busincss. The trustees Are responsible for keeping proper accounting records that can disclose with reasonable a￿UraCY at any time the financial position of the charitable company and enable them to ensure that the financial stlllements comply with the Companie8 Act 2006. They are also responsible for safeguarding the a&8els of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustces are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companls website. Legislation governing the preparation and dissemination of financial statements may differ from legislaiion in olher jurisdi¢tion$. Approved by the trustee$ of the charity on 6 December 2024 and signed on its behalf by.. A Hornsby Trustee Page 7 Live Inclusive Independent Examinerls Report to the trustees of Live Inclusive ('the CompAny') I report to the clHrity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilitles and basis of report As the charity's trustces of the Company (and a150 its directors for the pU￿oseS of company law) you are responsible for the preparation of the accounts in accordance with the requiretnents of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be Rudited under Part 16 of the 2006 Act and are eligible for ind¢p6udcnt cxamination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act.), In Carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act. Independent examiner's statemen* Since the Company's gross income ex¢eedcd £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act, I confiiin that l am qualified to undertake the examinaiion because l am a member of , which is one of the listed bodies. I have completed my exaTnination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believ¢: ' l. accounting records were not kept in respect of Live Inclusive Y45 required by section 386 of the 2006 Act,. or 2, the account8 do not accord with those records. or 3. the accounts do not comply with the accounting TequArernents of section 396 of the 2006 Act other than any requireTnent that the accounts give a 'tTue and fair view, which i8 not a matter considered fis psrt of an independent eX￿nination. or 4. the accounts have not been prepared in accordance with the methodg and principles of the Statement of Recommended Practice for accounting and repDrtin£ by charities [applicable to Lhuritics prcpai'in8 their a¢Lounts in aooordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS L02)1. I have no concerns and have Come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Page 8 Live Inclusive Independent Examiner's Report to the trnstees of Live Inclusive (Ithe Company,) Mr A Cane FCCA Chartered Certified Accountants 35 Thorne Road Doncaster South Yorkshire DNI 2HD 6 December 2024 Page 9 Live Inclusive Statement of Financial Activities for the Year Ended 31 March 2024 ncluding Income and Expenditure Accoullt and Statement of Total Recognised Gains and Losses) Total 2024 Unrestrlcted Restricted Note Income Endowments from: Grants Investnwit income Other inwme 248.743 276,920 466 1,187 28,177 466 248,743 278,573 Total Incorn 29,830 ExpendlÉure on: Raising ￿ndS Charitable activities (13,322) (253,100) 266,422) (781) (14,849 15,630 (12.541) (238,251 250.792 Total Expenditure Net incomel(expendiNre) Transfers between funds Net movement in fi￿d& Recon¢lllillon of funds Total funds brought forward Total funds carried forward 14,200 3,740 (2,049) (3,740 12,151 17,940 (5,789) 12,151 37,419 55,359 49,876 87,295 99,446 Total 2023 15 Unrestricted Restrleted Note Income and Endowments from: Grants Investment income Other income 226,380 241,334 92 2,020 14,954 92 2,020 243,446 Tot&1 Income 17,066 226,380 Expenditure on: Raising funds Charitable activities (557) 10,589 (10,653) 202,398) 213,051 (11,210) 212,987) 224,197) Totsl Expenditure Net income Transfers between fvnds 11,146 19.249 5,920 5,75 I 13,329 5,751 Net movemen in funds 11,671 7,578 19.249 The notes OD pages 13 to 26 fonn an integral part of these financial staternellts. Pag¢ 10 Llve Inclusive ststement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2023 Unrestrlcted Restrleted Note Reeonclliation of funds Total fuods brought forward Tot81 funds catTied forward 25,748 42,298 68,046 15 37,419 49,876 87,295 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown foT 2024 and 2023 is shown in note 15. The notes on pages 13 to 26 forn] an integral part of these financial statements. Page 11 Live Inclusive {RegistrAtion number: 03126759) Balance Sheet as at 31 March.2024 2024 2023 Nol¢ Fixed assets Tangible assets 47 47 Current assets Debtors Cash at b￿ and in hand 12 13 19.991 85,262 2,869 87,107 105,253 89.976 Credltors: Amounts fAlllng due wlthln one yesir 14 5,854 2,728) Net Current a5set5 99,399 87,248 Net assets 99,446 87,295 Funds of the charlty: Rostricted ineome fund Rcstrictcd funds 15 44,087 49,876 Unrestrlcted Ineome fvnds Unrestricted funds 55,359 99,446 37,419 Total funds 15 87,295 For the fLnancial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the c.ompanies Act 2006 relating to small companies, Director5, responsibilities,. The members have not required the charity to obtsin an audit of ils accounts for the year in question in accordance with section 476; and The director5 acknowledge their responsibilities for complyAn8 with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on pages 10 to 26 were approved by the trustees, and auihorised for issue on 6 December 2024 and sj8ned on their behalf by: A Hornsby Trustee The notes on pages 13 to 26 forni an integral part of these fjnancial statements. Page 12 Live Inclusive Notes to the Financial Staternents for the Year Ended 31 March 2024 I Charlty status The Charity is limited by guarantee, incorporated in England, and consequently does not have share capitsl. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The addre85 of its registered office i$- Office E I Cavendish Court South Parade Doncaster South Yorkshire DNI 2DJ These financial statements w¢re authorised for issue by the trustees on 6 December 2024. 2 Accounting pollcles Summary of $ignific8llt accounting polieles and key accounting estimates The principal accounting policies applied in the preparation of these financial statcments are 5¢t out below. These poli¢ie5 have been con8lStently applied to all the ye￿S presented, unless otherwisc stated. Statement of compllTdnce The financial 5tatemcnls have been prepared in accordance with Accounting and Reporting by Cl]arities', Statement of R¢¢ommendLd Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applic4ble in the UK and Republic of Ireland (FRS 102)) (i.8sued in October 2019) (Charities SORP (FRS 102)), the Financi81 Reporting Standard appltcable in the UK and Republic of Ireland {FRS 102) and th¢ Companies Act 2006. Basls of preparatlon Live Inclusive meet5 the definition of Y4 public benefit entity under FRS 102. A55ets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng concern The trustees consider that thcre are no material uncertainties about the charity's ability to continue as a going concern nor any Signkfic*￿t areas of unrertainty that uffect the carrying value of assets held by the charity. Income and endowment All income is recognised once the charity has entitlement to the income, it is probable iiut the income will be received 8Thd the amount of the income receivable can be measured reliably. Page 13 Live Inclusive Notes to the Financlal Statements for the Year Ended 31 March 2024 Gyonts recefvftble Grdnts are recognised when the charity has an entitlement to the fvnds and any conditions linked to the grants have been met. Where perfornMnce conditions are attached to the grant are yet to be tnet, the Incon￿ is recognised As a liability and included on the balance sheet as deferred iThcome to be released. Expendlture All expenditute is recognised once there 18 a legal or conqtructive obligation to that expenditure, it is probable 5ettl¢m¢nt is required and the amount can be measured reliably, All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular heading5 they have been allocated on a basis consistent with the use of resource5, Wlth central staff costs allocated on the basis of time spent, and dcpreciation charges allocated on th¢ portion of the asset's ilse. Other support cost5 are allocated based on the spread of staff costs. RnislAgfynds These are costs incurred IT) attracting voluntary income, the management of investments And those incurred ITh trading activities that rais¢ ￿lld5. Clittrltable acti￿lieS Charitable expenditure cornprises those costs incurred by the charity in the delivery of ils activities and servii¢s for its beneficiaries. Il includes both Qosts that can be allocated dir¢ctly to such activities and thosc Gosls of an indirect nature necessary to support them. Support costs Support costs include central fiinctions and have been allocated to aotivity cost categories on a basis consistent with the use of resources, for example, allocating propety c08ts by floor areas, or per capita, staff Costs by the time spent and other costs by their usage. Taxatlon The charity is considered to P&58 th¢ tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable Company for UK corporation tax purposes. Accordingly, the charity is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the Corporalion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that surh income or gains are applied exclusively to oharitsble purposes. Tangible fixed assets Individual fixed assets costing £1 00.00 or mor¢ ar¥ initially recorded at cost. Depreciation and amortlsAtlon Depreciation is provided on tangible fixed assets 50 as to write off the rost or Valuatio￿ less any estimated residual value, over their expected useful economic life as follows: Asset class I Furniture and equipment DepreclAtion method and rate 15Q/• and 25Q/o straighi line basis Page 14 Live Inclusive Notes to the Financlal Statements for the Year Ended 31 March 2024 Tr74de debtors Trade debtor8 are amounts due from customers for merchandise sold or seNiccs performed in the ordinary course of business. Trade debtors are ￿CognIsed initially ht the transaction price. They are subsequently measured at amortxsed cost 'using Ihe effective intergst method, less provision for imp&im]ent. A provision for the impairment of trade debtors is establi8hed when there is objective eviden¢¢ that the charity will not be &ble to collect all amounts due according to the original ternis of the receivables. Cayh And cAsh equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are reAdily convertible to a known amount of cash and are subject to an insignificant risk of change in valu¢. Trade credltors Trad¢ cr¢ditors are obligations to pay for goods or servi¢es that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified a5 Current liabilities if the charity does not hAve an unconditional right, at the end of the reporting pcriod, to defeT settlement of the creditvr for at least twelve month8 after the reporting date. Tf there is an unbonditional right to defer 8ettlemeni for at least tw¢lve months aftcr th¢ reporting date, they are pr¢sentcd us non-current liabilities. Trade creditors are re¢ognised initially at the transaction price and subsequently measured at amort15ed cost using the effective interest method. Borrowlng8 Interest-bearing borrowings are knitially recorded at fair v&lue, net of tr&nsA¢tion costs. Interest-be8ring borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction cosls, and the amount duc on rLdemption being recognised 88 a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense 18 recognised on the basis of the effective interest method and 15 included in interest payable and Similar charges. Borrowings are classified a5 current liabilities unless the Charity has an unconditional right to defer settlement of the liability for at least twelve months after the reportin8 date. Page 15 Live Inclusive Notes to the Financial Statements for the Year Ended 31 March 2024 Forelgn exchange TraThsactions in foreign currencies 8re recorded at the rate of exchange at the dale of the transaction. Monetary assets and liabilities denominated in foreign curren¢ies at the balance sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are trE4nslated at the average rates of exchange during the period and their balance sheets at the rate8 ruling at the balaThce sheet dat¢, Exchange differences arising on translation of the opening net assets and r¢sult8 Of overseas operations ure reported in othw couwrehensive income and accumul&tLd in equity (attributed to non has transferred control of the asset to another party, Financial liabilities Bre derecognised only when the obligation specified in the contract is discharged, Cancelled or expires. Page 17 Live Incjusive Notes to the Financial Statements for the Year Ended 31 March 2024 Debi Insfruments Debt instruments which meet the following Conditions are subsequently ￿e&sured at amortised cost using the effective interest metL]od: (a) The cOntractt￿l return to the holder is (i) a f￿ed amount. (li) a positive fixed rate or a positive variable Tate., or (iii) a combination of a positsve or a negative fixed rate and a positive variable rate. (b) The Gontract may provide for repawients of the principal or the rethrn lo the holder (but not both) to be linked to P4 single relevant observ&ble index of general price Inflation of the currency in which the debt Instrument is denominatcd, provided such links are not leveraged. (c) The contract may provide for a detenninable variation of the return to the holder during the Eife of the instrument, provided thal (i) Éhe new rate sa115fies condiliun (a) and the variation is not Contingent on fil￿re events other tbats (l) a change of a contractual variable rate. (2) to protect the holder against credit deterioration of the issuer. (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law,. or (li) the n¢w rate 1$ a market rate of iniercst and satisfi¢s condition (a). (d) There is no contractual provision that could, by its tern]8, result in the holder losing the prtncipal amount or any intere8t 8ttributable to the current period or prior periods. (e) Contractual provisions that perniit the issuer to prepay a debt instrument or perniit the holder to put it back to the issuer before maturity are not contingent on future evenls, Other than to protect the holder againBI the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against cbange8 in Eevie8 applied by a central bank or arising from changes in relevant taxation or law. (fj Contr&¢lual provisions may pem]it the extension of the terni of the debt instrument* provided that the retum to the holder and any other contractual provisioThs applicable during the extended term satisfy the conditions of paragraphs (a) to (c). Debt in5ttuments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured al the undiscounted &Tnount of the castL or other consideration expected to be paid or received, net of impp4irn]ent. With the exception of sorne hedging instruments. other debt instruments not meeting these conditions are measured at faiT value through profit or loss. Commitment8 to make and receive loans which meet the conditions rnenlioned above are measured at cost {which may be nil) less impairnient. IHvestnients Investments in non-¢onvertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair valiie through profit or Ios5. Where fair value cannot be measured reliablyj investTnents are mcasur¢d at cost less xmpainn¢nt. Investments in subsidiaries and associates are measured at cost less impainnent. For investments in subsidiaries acquired for Consideration including the issue of shares qualifying for merger relief, cost is measured by referen¢e to Ihe nominal value of the shares issued plus fair value of other Consideration. Arly premium is ignored. Page 18 Live Incluslve Notes to the Financial Statements for the Year Ended 31 March 2024 Derivalivefinancllll lllslvuments The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculalive purposes. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remcasured to their fair value at each reporting date. The resulting gain or Ioss 15 reco8nised in st&tement of financial activities immediately unless the derivative is designated and effective as 8 hedging instrument, in which event the timing of the recognition in stat¢ment of financial activities depend5 on the nature of the h¢dge relationship. Fair vulue mertsllrement The bcst evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identi¢&l asset provides evidence of f&ir value as long as there has not been a significant change in economic circumstance5 or a significant lapse of time since the transaction took place. If ihe mai'ket is not active and recent transactions of identical a&8et on their own are not a good estitnate of fair value, the fair value is estirnated by using a valu&tion technique. 3 Grznty Unrestricted funds GenerAI Restricted funds Total funds Grants, including capital granl5' Grants from other charities 28,177 248,743 248,743 276,920 Tot21 for 2024 28,177 276,920 TotV41 for 2023 14,954 226,380 241,334 4 Investment income Unrestri¢ted funds GenerAI Total funds Other investment income 466 466 Total for 2024 466 466 Total for 2023 92 92 Page 19 Live Inclusive Notes to the Financiaj Statements for the Year Ended 31 March 2024 5 Other Income Unrestricted funds General Total funds Miscellanous income 1.187 1,187 Total for 2024 1,187 1,187 Total for 2023 2,020 2,020 6 Expenditure on charltable activities Ullre$tricted funds Ceneral Restrlcted funds Total funds Not¢ Allocated support costs Total for 2023 14,849 238,251 253,100 10,589 Actlvlty support costs 202,398 212,987 2024 2023 SY41arie8 Quality Premises costs Insurance Access audits Doncaster Hospit&l ￿nd Travel and volunteer costs Telephon¢ and office costs Printing, postage and stationery Accountancy Recruitment Computer costs Room hire and refreshmcnls CRB checks Publlcity Bank charges Miscellanous expenses 207,217 207,217 177,917 118 7,837 2,912 170 575 3,854 4,152 1,422 5,479 6,741 5,315 6,741 5,315 7,825 2,237 772 7,346 815 3,668 950 252 666 80 9216 7,825 2,237 772 7,346 815 3,668 950 252 666 80 9.216 3,525 456 152 4.418 253,100 253,100 212,987 Page 20 Llve Inclusive Notes to the Financlal Statements for the Year Ended 31 March 2024 7 Net Intomlngloutgoing re$ource5 Net incoming resources for the year include: 2024 2023 Operating leases - other &88ets 4,992 4,992 8 Trustees remuneradon and expenses No trustees, nor any persons connected with thenL have Teceived any remuneration from the charity during the year. No trustees have received any re1n￿UrSed expenses or any other benefits frorn the charity during the year. Page21 Live Inclusive Notes to the FinancAal Statements for the Year Ended 31 March 2024 9 Staff costs The monthly average nutnber of person5 (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows: 21124 2023 Employee5 12 12 No employee received emoluments of more than £60,000 during the year, 10 TixY4tiOL4 The charity is a register¢d charity and is th¢refore exempt frorn taxation. I l Tanglble fixed &ssets Furniture gnd equipnient Total Cost At l April 2023 At 31 March 2024 250,139 250,139 250,139 250,139 Depreclation At l April 2023 At 31 March 2024 250,092 250,092 250,092 250,092 Net book value At 31 March 2024 47 47 At 31 March 2023 47 47 12 Debtor• 2024 2023 Trnde debtors Prepa>inents Other debtors 16,517 2,380 1,094 1,964 905 19,991 2,869 Page 22 Live Inclusive Notes to the Finallcial Statements for the Year Ended 31 March 2024 13 Cash and cosh equivaIents 2024 2023 Cash on hand C&sh at bank 126 85,136 126 86,981 87,107 85.262 14 Credltors: amounts falling due wlthin one year 2024 2023 Trade crcditors Other taxation and soci&l security Accruals 238 3,011 2,605 5,854 238 2,490 2,728 Page 23 Live Inclusive Notes to the Flnaneial Statements for the Year Ended 31 March 2024 15 Funds BalAnce at 31 MY4rch 2024 Balance at I Aprll 2023 Incoming resources Resources expended Transfers Unrestrficted funds General Unrestriced Funds 37,419 29.830 (15,630) 3,740 S5,359 Restrlcted funds VAR Social Prescribing- Befriending Rotherham CCG- CI VAR Social Prescriblng - Advice and Information Humanit￿13￿ NLCF Reachout Community Connectors 2 South Yorkshire Community Fund - Rotherham Volunteering Recharge Co8t of Living Stronger Links Northern Powergrid Doncaster Advice Network 887 915 13,950 16,551 (14,259) (14,271) 578 (3,195> 299 623 23,201 20,882 9,900 (9,989) (680) (96,024) (8,470) (210) 57 353 297 72,470 12,709 3,069 (3,049) (58,164) (25,787) (3,806) (15,496) (797 (20) (1,584) (518) 62,987 26,305 14,040 32,540 3,239 10,234 17,044 283 1,080 Total restrlcted funds 49,876 250,792 3,740 44,087 Total funds 87,295 278,573 {266,422 99,446 Page 24 Live Inclusive Notes to the Financlal Statements for the Year Ended 31 March 2024 Balance at 31 March 2023 Balance at I April 2022 Incorning resouree5 Resourc expended Transfers Unrestrlcted funds General Unrestriced Funds 25,748 17,066 (11,146) 5,751 37,419 Re8trl¢ted VAR Social Prescribing- Befriending Rotherham CCG- CI VAR Social Prescribing - Advice and Inforniation Inclusive Energy Scrcwfix Befriendin8 Plus Pslot Humanitarian NLCF Reachout Rotherham BMF Cotnmunity Connectors 2 South Yorkshire Community Fund- Rotherham Volunteering Recharge Total restrlcted funds 150 13.950 16,395 (13,213) (14,220) 887 915 (1,260) 9,9(Ki 27,190 (9,601) (22,813) {689) (367) {112) (137,163) (1,137) (10,726) 299 (4,377) (819) 367 1,508 371 33,361 364 127.003 2,383 24,700 623 23,201 (1,246) 6.908 20,882 4,493 {1,426) 1,584 3,069 42,298 213,051 5,751 49,876 Total funds 68.046 243,446 {224,197 87,295 Page 25 Live Incluslve Notes to the Flnancial Statements for the Year Ended 31 March 2024 16 Analysis of net assets between fuDds Totil funds Total funds 47 105,253 5,854 99,446 T&ngible fixed assets Current assets Current liabilities 105,253 5,854 99,446 Total n¢t assets Totsl funds at 31 March 2023 Restricted fundy 47 89,976 2,728 Tangible fixed assets cU￿ent assets Current liabiltties 47 89,976 (2,728) 87,295 87,295 Total net assets 17 Analysis of net funds At l Aprll 2023 Financlng cagh At 31 March l]oivs 2024 Cash at bank and in hand 87,107 1,845 85,262 85,262 Financlng cash At 31 March flows 2023 87,107 At l Aprll 2022 Net debt Cash at bank and in band 62,064 62,064 25,043 25,043 87,107 87,107 Net debt P&ge 26