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2024-11-30-accounts

REGISTERED COMPANY NUMBER: 08776627 (England and Wales) REGISTERED CHARITY NUMBER: 1157780

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LIVING WORDS ARTS

Xeinadin South East Ltd 19 North Street Ashford Kent TN24 8LF

LIVING WORDS ARTS

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 November 2024

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 14
Detailed Statement of Financial Activities 15 to 16

LIVING WORDS ARTS

REPORT OF THE TRUSTEES for the Year Ended 30 November 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The trustees of Living Words Arts who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

We are a charity that works for the benefit of: 1) advancing public education in, and appreciation of the arts in particular, but not exclusively the arts of literature and theatre; and 2) the advancement of health by the provision of arts and literature activities that support, nurture and improve health and well being, particularly for individuals from marginalised and isolated groups and those who struggle to communicate.

We exist to provide improved wellbeing, through the use of the arts, when working with people affected by dementias, other neurological issues, isolation and/or mental ill health and terminal illness - and to take their words out to the public in artistic formats, to challenge societal attitudes towards the stigma of their condition. We champion the voices of those seldom heard. We are very grateful to all of our partnerships, funders and supporters.

2023 - 2024 sees a lowering in our income from previous years though large reach and impact. Funding spent in 2023 -2024 was from: Kent County Council; Arts Council; BBC; NCCH; and NHS. We also ran specific fundraisers and received monies from donations. We would like to thank JJ Systems who continue to give us monthly support. Thank You to everyone who supported us through this year, including trustee Reinhard Guss who delivered his final Open Garden fundraisers for Living Words. We are hugely grateful for a legacy bequeathed to us which will help us share our Listen out Loud methodology with people in the coming years. Thank you to Screen South, who partnered with us, as well as Kent County Council Suicide Prevention and Public Health.

Key highlights and overview of Dec 2023- end Nov 2024 year, were:

Page 1

LIVING WORDS ARTS

REPORT OF THE TRUSTEES for the Year Ended 30 November 2024

If you would like to donate, details about how to do this are at the end of this report. Please consider supporting us, every pound counts. And if you are interested in joining us in any other way, contact info@livingwords.org.uk.

Lauretta Kavanagh, chair 27th August 2025

OBJECTIVES AND ACTIVITIES

Objectives and aims

Living Words Arts is a registered charity, registered charity number 1157780. We exist to provide improved wellbeing, through the use of the arts, when working with people affected by dementias, isolation and/or ill mental health - and to take their words out to the public in artistic formats, to challenge societal attitudes towards the stigma of their condition. Our self-employed staff are writers, actors, theatre makers, illustrators, animators and singers. We rely on project funding to carry out this work.

We would like you to support us in our crucial work, so please read on and let us tell you more about ourselves, what we do, what we have achieved and how we go about spending the money given to us.

What we aim to do: our objectives and activities Our mission

As drawn up in our Story of Change, our mission is to improve society's recognition of the value of people affected by to the dementias, mental ill health and isolation, through improving all peoples' understanding, awareness and communication skills. We do this through: 1 ) advancing public education in, and appreciation of the arts in particular, but not exclusively the arts of literature and theatre; and 2) the advancement of health by the provision of arts and literature activities that support, nurture and improve health and well-being, particularly for individuals from marginalised and isolated groups and those who struggle to communicate.

Page 2

LIVING WORDS ARTS

REPORT OF THE TRUSTEES for the Year Ended 30 November 2024

ACHIEVEMENTS AND PERFORMANCE Charitable activities Charitable activities A bit more about our work

These are in the form of 3 month long care home residency programmes, as part of our Living Experience strand, and in 5/6 weekly blocks as our Living Warriors programme. We work in our Listen Out Loud methodology, which is our practice that we are wanting to share more widely via online courses, and the development of geographical hubs. LIVING EXPERIENCE involves residencies in care homes, settings, day centres and hospitals, working one-to-one with people experiencing dementia and their carers & families. Staff workshops and sharings embed the use of people's Living Words books & enhance wellbeing through deeper connection. LIVING WARRIORS uses the same method to work with people experiencing ongoing mental health concerns. Projects take place in our specially build library hub, with artists working one-to-one with people and in small groups.

Participants words' - with full ethical consents and continued communication with the person, the advocate/power of attorney, the relatives, and the care home (as appropriate) - are taken out to the public through high quality art form. This is to enable the voice of people in late stage dementias, end of life, or ongoing mental health challenges to be heard, and then stigma over time, we aim, reduced. Participants and families are involved in this process as much or little as they indicate, extending to collaboration.

New projects

We are delighted to be furthering our development work into film, as well as delivering master classes and cross sector working consultancy.

FINANCIAL REVIEW

Financial position How we funded our work

Our work is funded project to project, with additional donations from individuals, fundraisers and charitable bodies. The work carried out is tremendous and we are aware we do so much on not a huge amount.

Total income received during the year was XXX with expenditure of XXX, leaving a net surplus of XXX

Reserves policy

Our reserves remain low, this is something we would like more support with - to feed into our longer term sustainability. We are focussed on delivery, and funded project to project, and are committed to continue to build our reserves.

Page 3

LIVING WORDS ARTS

REPORT OF THE TRUSTEES for the Year Ended 30 November 2024

FUTURE PLANS

We aim to increase our levels of core and unrestricted funds, to be able to implement our plan to enable the charity to be truly sustainable. We are open to help on this and would also like help in being connected to philanthropists and potential legacy funds. Whilst donations to the large charities are the rule for a lot of wills, we would like to become the exception. Money given to us goes directly to impact people as our overheads are so much lower than larger charities. In the UK there are over 850,000 people living with a dementia. 38% of people in the UK have a family member or close friend living with a dementia. The main dementia organisations are focussing on finding a cure, and funding is mainly focussing on this, with no guarantee of a positive outcome. There are people living with dementia NOW who need our projects. By 2050 it is predicted that every person will be affected by dementias, either directly or through caring for another.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are recruited from those who have known of the charity and it's work for a number of years, either by observation of the charity's activities or contacts through the other trustees and directors.

Once an individual expresses an interest in becoming a trustee, they are invited to attend a board meeting as an observer. After this, they are put forward to be appointed.

We are looking to expand our trustee team, and are looking to represent the diverse world in which we live and that our work represents. Please contact us if you are interested in supporting us further.

Key management remuneration

The board of trustees and the key management personnel of the charity are in charge of:

a. directing and controlling the charity

The trustees give of their time freely and act in a supportive, advisory and overseeing capacity Any conflicts of interest with any parts of the charity's work must be disclosed by trustees upon discovery of conflict.

Thanks

The trustees would like to pay tribute to:

Related parties

During the year N Ewbank, trustee, loaned Living Words £3,500 at an interest rate of 5% per annum. This remains outstanding.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08776627 (England and Wales)

Registered Charity number

1157780

Page 4

LIVING WORDS ARTS

REPORT OF THE TRUSTEES for the Year Ended 30 November 2024

Registered office Gf05 The Glassworks Mill Bay Folkestone Kent CT20 1JG Trustees R Guss Ms A Bruce K Gilfoy Ms L Kavanagh N Ewbank Company Secretary T A Ernst Independent Examiner Xeinadin South East Ltd 19 North Street Ashford Kent TN24 8LF 29/08/2025

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

...................................................................... Ms L Kavanagh - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVING WORDS ARTS

Independent examiner's report to the trustees of Living Words Arts ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, 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 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

==> picture [86 x 34] intentionally omitted <==

Rosanna Turner ACA DChA

Xeinadin South East Ltd 19 North Street Ashford Kent TN24 8LF

Date: ............................................. 29.08.2025

Page 6

LIVING WORDS ARTS

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 November 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
46,156
Charitable activities
Projects & Workshops
19,472
Performances & Events
-
Investment income
2
10
Total
65,638
EXPENDITURE ON
Charitable activities
Projects & Workshops
38,120
Performances & Events
-
Total
38,120
NET INCOME/(EXPENDITURE)
27,518
RECONCILIATION OF FUNDS
Total funds brought forward
(448)
TOTAL FUNDS CARRIED FORWARD
27,070
Restricted
funds
£
-
3,000
-
-
3,000
19,524
-
19,524
(16,524)
16,524
-
30.11.24
30.11.23
Total
Total
funds
funds
£
£
46,156
3,316
22,472
105,449
-
4,500
10
24
68,638
113,289
57,644
60,558
-
59,483
57,644
120,041
10,994
(6,752)
16,076
22,828
27,070
16,076

The notes form part of these financial statements

Page 7

LIVING WORDS ARTS

BALANCE SHEET 30 November 2024

30.11.24 30.11.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Debtors 6 37,800 - 37,800 -
Cash at bank 58 - 58 18,400
37,858 - 37,858 18,400
CREDITORS
Amounts falling due within one year 7 (10,788) - (10,788) (2,324)
NET CURRENT ASSETS 27,070 - 27,070 16,076
TOTAL ASSETS LESS CURRENT LIABILITIES 27,070 - 27,070 16,076
NET ASSETS 27,070 - 27,070 16,076
FUNDS 9
Unrestricted funds 27,070 (448)
Restricted funds - 16,524
TOTAL FUNDS 27,070 16,076

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 29.08.2025

.............................................

L Kavanagh - Trustee

The notes form part of these financial statements

Page 8

LIVING WORDS ARTS

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 November 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 9

LIVING WORDS ARTS

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 November 2024

2. INVESTMENT INCOME

2. INVESTMENT INCOME
30.11.24 30.11.23
£ £
Deposit account interest 10 24
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
30.11.24 30.11.23
£ £
Depreciation - owned assets - 536
4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023.

5. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 December 2023 and
30 November 2024 2,442
DEPRECIATION
At 1 December 2023 and
30 November 2024 2,442
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

continued...

Page 10

LIVING WORDS ARTS

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 November 2024

6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 8)
Accruals and deferred income
8.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Other loans
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
KCC
ACE Project
TOTAL FUNDS
30.11.24
30.11.23
£
£
37,800
-
30.11.24
30.11.23
£
£
3,500
-
7,288
2,324
10,788
2,324
30.11.24
30.11.23
£
£
3,500
-
Net
At
movement
At
1.12.23
in funds
30.11.24
£
£
£
(448)
27,518
27,070
537
(537)
-
15,987
(15,987)
-
16,524
(16,524)
-
16,076
10,994
27,070

continued...

Page 11

LIVING WORDS ARTS

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 November 2024

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 65,638 (38,120) 27,518
Restricted funds
KCC - (537) (537)
ACE Project 3,000 (18,987) (15,987)
3,000 (19,524) (16,524)
TOTAL FUNDS 68,638 (57,644) 10,994
Comparatives for movement in funds
Net
At movement At
1.12.22 in funds 30.11.23
£ £ £
Unrestricted funds
General fund 22,828 (23,276) (448)
Restricted funds
KCC - 537 537
ACE Project - 15,987 15,987
- 16,524 16,524
TOTAL FUNDS 22,828 (6,752) 16,076

continued...

Page 12

LIVING WORDS ARTS

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 November 2024

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
KCC
Flux NHS
BBC Film
ACE Project
TOTAL FUNDS
Incoming
resources
£
39,569
3,500
19,500
3,200
47,520
73,720
113,289
Resources
Movement
expended
in funds
£
£
(62,845)
(23,276)
(2,963)
537
(19,500)
-
(3,200)
-
(31,533)
15,987
(57,196)
16,524
(120,041)
(6,752)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Net
At
movement
At
1.12.22
in funds
30.11.24
£
£
£
22,828
4,242
27,070
22,828
4,242
27,070

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 105,207 (100,965) 4,242
Restricted funds
KCC 3,500 (3,500) -
Flux NHS 19,500 (19,500) -
BBC Film 3,200 (3,200) -
ACE Project 50,520 (50,520) -
76,720 (76,720) -
TOTAL FUNDS 181,927 (177,685) 4,242

continued...

Page 13

LIVING WORDS ARTS

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 November 2024

10. RELATED PARTY DISCLOSURES

During the year, N Ewbank, a trustee loaned the charity £3,500 at a rate of 5% per annum. This remains outstanding at the year end.

Page 14

LIVING WORDS ARTS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 November 2024

30.11.24 30.11.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 8,356 3,316
Legacies 37,800 -
46,156 3,316
Investment income
Deposit account interest 10 24
Charitable activities
Other Income 3,149 467
Contract Income 12,823 19,912
Grants 6,500 89,570
22,472 109,949
Total incoming resources 68,638 113,289
EXPENDITURE
Charitable activities
Wages - 16,001
Telephone 742 270
Postage and stationery 804 350
Advertising 660 2,565
Artist Wages 39,880 58,903
Production Costs 4,924 21,376
Training 180 3,203
Travel 283 576
Rent 3,902 3,941
Professional Fees - 240
IT Costs & Software 240 5,690
51,615 113,115
Support costs
Management
Insurance 527 527
Finance
Bank charges 192 92
Computer equipment - 536
192 628

This page does not form part of the statutory financial statements

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LIVING WORDS ARTS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 November 2024

30.11.24 30.11.23
£ £
Finance
Other 3
Bank loan interest 88 -
Governance costs
Sundries 2,612 2,870
Accountancy and legal fees 2,610 2,901
5,222 5,771
Total resources expended 57,644 120,041
Net income/(expenditure) 10,994 (6,752)

This page does not form part of the statutory financial statements

Page 16

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