**CHARITY REGISTRATION NUMBER: 1160972** 

## **Live!** 

## **Unaudited Financial Statements** 

**31 March 2022** 

## **HARGREAVES AND WOODS** 

Chartered accountants Cholmondeley House Dee Hills Park Chester Cheshire UK CH3 5AR 



**Live!** 

## **Financial Statements** 

## **Year ended 31 March 2022** 

||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**6**|
|Statement of financial activities|**7**|
|Statement of financial position|**8**|
|Notes to the financial statements|**9**|





## **Live!** 

## **Trustees' Annual Report** 

## **Year ended 31 March 2022** 

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022. 

## **Reference and administrative details** 

**Registered charity name** Live! **Charity registration number** 1160972 **Principal office** New Scene Centre Lime Wood Close Off Newton Lane Chester Cheshire **The trustees** M Hyde R Lewis C Garton (Resigned 6 May 2022) A M Dunbar D L Lewis **Accountants** Chartered accountants Cholmondeley House Dee Hills Park Chester Cheshire UK CH3 5AR 

**1** 



**Trustees' Annual Report** _**(continued)**_ 

**Year ended 31 March 2022** 

## **Live!** 

## **Structure, governance and management** 

## Governing Document 

The Charity is a charitable incorporated organisation, controlled by its governing document and is operated in accordance with the foundation model constitution. 

## Risk Management 

The Trustees have continued to review the principal areas of risk in the organisation and consider that systems and processes are in place to monitor and control them. 

## Board of Trustees 

Existing trustees appoint new trustees. They base these appointments on the variety of skill sets that individuals have and which are important for the board as a whole. At March 31st 2022, the charity had five Trustees. Through the year, Trustees met via zoom calls and Face to Face for their regular Board meetings. One of the objectives for 2022/23 will be to increase the number of Trustees 

## Staff 

Live!'s CEO, senior management team and staff have remained consistent through the year. Good communication has been maintained throughout. For Fundraising events that have needed staff presence, staff gave their time voluntarily. Thank you for your work and commitment. 

Debi Whittaker, our CEO, plans to leave Live! and Chester at the end of March 2023. Trustees will be making the necessary preparations for recruitment. 

## **Objectives and activities** 

## Mission 

Live! aims to provide high quality learning and recreation activities which are accessible and responsive to the needs of children, young people and adults with disabilities. Live! is committed to promoting integration, celebrating peoples' differences and recognising and implementing equal opportunities throughout the organisation. Live! provides activities through a wide range of weekly club sessions. 

Live! achieves this by putting children, young people and adults with disabilities first by:" Communicating with and listening to them 

- " Supporting their needs 

- " Recognising and providing facilities for their specific needs 

- " Providing high quality activities 

- " Demonstrating positive roles in play activities 

- " Encouraging respect for other people and cultures 

- " Providing positive opportunities for all 

- " Proactively enforcing an anti-bullying policy 

- " Linking with the community 

Live!'s work throughout 2021/2022 supported its mission and objectives. All activities took place and continued as a result of ongoing consultation with members. They shape services, come up with exciting ideas for projects and take a lead on activities and decision-making. 

In setting the above objectives, the trustees have given careful consideration to the Charity Commission's guidance on public benefit 

**2** 



**Trustees' Annual Report** _**(continued)**_ 

**Year ended 31 March 2022** 

## **Live!** 

## **Achievements and performance** 

At the beginning of this financial year, Live! was gradually reopening for Face to Face activities and started to deliver its full range of activities and services, to reduced numbers initially. Most members were excited to return to their activities at New Scene, others needed encouragement to return after lock-down. During the year ending 31st March 2022, there was a 20% increase in member numbers. The following are the projects and activities Live! ran during the year: 

" Stay and Play: after school clubs for 5-9 and 9-16 year olds 

" Inbetweeners: an independent living and social skills group for young adults aged 18 to 25" Big Live: an adult social group for over 25s 

" 50 Days of Fun: Live!'s school holiday activity programme 

" Patchwork Company: our Performing Arts project. 2021 ended with a concert in St Thomas' Church, where Patchwork members were joined by two other Chester choirs. Early in 2022, songs were learnt in preparation for the Queen's Jubilee Celebrations in Chester. " Duke of Edinburgh's Award: adapted and fully accessible for disabled people. 23 youngpeople completed their Bronze, Silver and Gold Awards programme this year. " Art with Ali: sessions involving water colours, collages, murals and much more! " Give it a Go!: Arts and Crafts for disabled adults 

" Give it a Spin!: cycling sessions three days a week on our collection of adapted hand bikes, trikes, tandems and wheelchair accessible bicycles. " Youth Action Project, which provides opportunities for disabled young people (aged 8-25) to get involved in a programme of community action, such as planning and organising new exciting fundraising activities, raising community disability awareness, or working with other charities. " Moving On With Live!: a programme that supports young people (16 to 25) at important transition points in their lives, such as a move from school to college, from the parental home to independent living or from college to employment. Due to popular demand, sessions increased from three to four per week. " Fitness sessions: at the beginning of the year, these were held at New Scene and run by a qualified instructor. Later, the sessions were moved to the gym, to give members a more inclusive and community-based activity. 

" Active Live! project: a new project launched to promote healthier lifestyles for disabled people of all ages. 

Grant income and fundraising 

Throughout the year, funding applications have been submitted and Trustees sincerely thank our many supporters, including Cheshire West and Chester Council, Steve Morgan Foundation, Edward Gostling Charity, Truemark Charitable Trust, Louis Nicholas Residuary Charitable Trust, Irving Memorial Foundation, Sobell Foundation, Ursula Keyes Trust, Lottery Community Fund, Bristol Myers Squibb, Active Cheshire, UKH Foundation, 29th May 1961 Trust, B&Q, Broome Family, Grey Court Trust, Souter Foundation, Westminster Foundation, Zochonis and many others. 

Staff have organised fundraising activities throughout the year including raffles, an Elf Run at Christmas, discos and bingo sessions. 

Working in partnership is important and through the year Live! has worked with: Cheshire West and Chester Council, Neuro Muscular Centre, ChAPS, Bren Project, Buzz Youth Group, Space, all local Special Schools, Youth Federation, Theatre in the Quarter, Art in the Place, Storyhouse, CWVA, Cycle Projects, Wheels for All and Chester Zoo. 

## New Scene 

This is Live!'s second year into the 25-year lease on New Scene. Maintenance work and safety checks continue. 

**3** 



**Trustees' Annual Report** _**(continued)**_ 

**Year ended 31 March 2022** 

## **Live!** 

## **Financial review** 

The Charity's results for the year show an unrestricted surplus of £94,716. Trustees are aware of this. Following enquiries it was noted that funding arrived towards the end of the financial year 21/22. Agreement was made with the Funders that this money will be spent in the year 22/23. 

## Reserves Policy 

The Trustees are committed to a reserves level that enables the organisation to meet unforeseen financial circumstances. The size of the reserves should be sufficient to enable core services to be maintained in the short term and the legal requirements in areas such as staffing to be met in the event of such circumstances. 

The Trustees have determined that reserves equivalent to at least 3 months running costs are necessary to meet these considerations. The Trustees will continue in their efforts to maintain the reserves of the organisation. 

## **Plans for future periods** 

Key Priority Areas for Trustees are to ensure that: 

" We continue to support our members to overcome the negative impacts if the Covid pandemic" The well-being and safety of our staff and members is maintained 

" New joint projects are developed with community groups, e.g. The Bren Project and Chester Zoo" We continue with developing New Scene's maintenance plan 

## **Trustees' responsibilities statement** 

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. 

**4** 



Live!
Trustees. Annual Report fcontlnu8d)
Year ended 31 March 2022
In preparing th8s8 financial slalements, the ITUStees are required to..
select sU￿1&bIe accoLJnling pollcias and then apply Iham consislenlly;
observe th8 methods and principles in the applicable Charities SORP.
make judgment8 and accounting estimates that are reasonable and prudent,.
slate whoiher applicable UK Accounting Siandayds hav& b@en lollowed. subject to any material
departures disclosed and explained in the financial slalem8nts'
pr@par6 thè linan¢ial slalements on th6 going concern basis unles$ it is inappropriat8 lo presume
that tho ¢harily wlll continue in bu5ingss.
The Irusteo5 ar8 rgsponsible lor keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonablè a¢¢ura¢y at any lime ihe financial
position ol the charity and enable Ih9m lo ensure that the financial statements comply with the
Charities Act 2011, th8 applicable Charities (Accounts and Aeporlsl Regulations, and the provisions of
th& Trust Deed. They a¥8 a180 responsible lor safeguarding tho assets of the charity and hence for
taking r6asonable steps loi the prevention and detection of fraud and olhor irregularities.
The iruslees, annual report was approved on 7 Novemb8r 2022 and sign8d on behalf ot the board ol
Irustgos by..
'ioJI
M Hyde
Truslea

Livel
Independent Examiner's Report to the Trustees of Live!
Year ended 31 March 2022
I report ID the Iruslees on my examination of the linaTrcial statements of Livel I'the charilll lor the year
ended 31 March 2022.
Responsibilities and basls of report
As the trustees ol the charity you are responsiblo lor the preparation of the financial slalemenls in
accordance with the requirements ol the Gharilies Act 2011 I'lhe Act'l.
I report in respect ol my exarninalion ol the charills financial slalemenis caxried out under seclic)n 145
ol the 2011 Aol and in ¢arrwng out my examination I havo followed all the applicable Direcliorks given
by the Charity Commission under seclion 14515llbl of the Act.
Independent examiner's statement
Since the charity's gross income exc&eded £250.000 your examiner musl be a member ol a body
listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination
because l am a member of th? Inslilule DI Chartered A¢counlants in England and Wales IICAEWI,
which is one of the listed ￿dieS.
I have completed my examination. I confirm that no material mallers have come lo my allenlion in
connection wtth the examination giving me cause lo beligve that in any material respect..
accounting r&cords wère not kepl in respect ol the charity as required by section 130 01 the
Act.. or
the financial slalemenls do not accoid with those records,. or
the financial statements do not comply with the applicable requirements concerning thè form
and conlenl ol accounts set out in the Charities IAccounls and Reports) Regulations 2008
other than any requirement that the accounts give a 'lrue and lairf view which is not a maller
considered as part of an independonl examination.
I have no concerns aiid have come acioss no other matters in connection with the examination to
which allenlion should be drawn in this report in order lo enable a proper understanding ol the
accounts lo be reached.
J A Hargreaves FCA
Independent Examiner
Cholmondeley House
Dee Hills Patk
Chester
Cheshire
UK
GH3 SAR
8 November 2022

## **Live!** 

## **Statement of Financial Activities** 

## **Year ended 31 March 2022** 

||||**2022**||2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**4**|135,792|71,968|207,760|430,361|
|Charitable activities|**5**|119,989|–|119,989|12,335|
|Other trading activities|**6**|14,136|–|14,136|7,307|
|Investment income|**7**|8|–|8|68|
|||���������|��������|���������|���������|
|**Total income**||269,925|71,968|341,893|450,071|
|||���������|��������|���������|���������|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of other trading activities|**8**|1,565|–|1,565|1,381|
|Expenditure on charitable activities|**9,10**|335,041|47,248|382,289|367,901|
|||���������|��������|���������|���������|
|**Total expenditure**||336,606|47,248|383,854|369,282|
|||���������|��������|���������|���������|
|||���������|��������|���������|���������|
|**Net (expenditure)/income and net**||||||
|**movement in funds**||(66,681)|24,720|(41,961)|80,789|
|||���������|��������|���������|���������|
|**Reconciliation of funds**||||||
|Total funds brought forward||161,397|–|161,397|80,608|
|||���������|��������|���������|���������|
|**Total funds carried forward**||94,716|24,720|119,436|161,396|
|||���������|��������|���������|���������|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 9 to 20 form part of these financial statements.** 

**7** 



Live!
siatement of Flnanclal Posltlon
31 March 2022
2022
2021
Nolo
Fixed assets
Tangible fixed assets
15
2.813
198
Current a88ets
Debtors
Cash al bank and in hand
16
10,299
116,708
18,086
154.908
127,007
172,994
Cradltors: amounts falllng due wlthln one year
Net current assets
17
10,384
116.623
11,795
161,199
Tolal assets less current Ilabllltle$
119,436
161,397
Net assets
119,436
161,397
Funds of the ¢harlty
Reslriclgd funds
Unrestrioled funds
24,720
94,716
161,396
Totsl ¢ha¥lty funds
20
119,436
161,396
Th¢se financial statements were approved by the board ol Irustees and authorised for issue on 7
November 2022, and are signed on behaw ol the board by:
M Hyde
Trustee
022
Th& not•$ on pag9$ 9 to 20 fomi part of Ihe8e flnanclal statementg.

**Live!** 

**Notes to the Financial Statements** 

## **Year ended 31 March 2022** 

## **1. General information** 

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is New Scene Centre, Lime Wood Close, Off Newton Lane, Chester, CH2 2HH. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Disclosure exemptions** 

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

**9** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

**3. Accounting policies** _**(continued)**_ 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

**10** 



**Notes to the Financial Statements** _**(continued)**_ 

## **Live!** 

## **Year ended 31 March 2022** 

## **3. Accounting policies** _**(continued)**_ 

## **Tangible assets** _**(continued)**_ 

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities.  A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Fixtures and fittings - 25% reducing balance 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

Debt instruments are subsequently measured at amortised cost. 

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. 

**11** 



**Notes to the Financial Statements** _**(continued)**_ 

## **Live!** 

## **Year ended 31 March 2022** 

## **3. Accounting policies** _**(continued)**_ 

## **Financial instruments** _**(continued)**_ 

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. 

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. 

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 

## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 

## **4. Donations and legacies** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|**Donations**||||
|Donations|2,396|–|2,396|



**12** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **4. Donations and legacies** _**(continued)**_ 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|**Grants**||||
|Grants receivable CWAC Rates Relief|–|–|–|
|Grants receivable HMRC CJRS|11,579|–|11,579|
|Grants receivable Unrestricted|121,817|–|121,817|
|Grants receivable Miscelaneous Restricted|–|2,100|2,100|
|Grants receivable CRH Charitable Trust|–|–|–|
|Grants receivable CWACC|–|–|–|
|Grants receivable Lottery Funding|–|11,145|11,145|
|Grants receivable Edward Gostling|–|2,895|2,895|
|Grants receivable General COVID Support Grants|–|5,000|5,000|
|Grants receivable Steve Morgan Foundation|–|35,119|35,119|
|Grants receivable Cheshire Community Foundation|–|–|–|
|Grants receivable Bfwd from 2020|–|–|–|
|Grants receivable Mencap|–|262|262|
|Grants receivable VIVO re Chester Zoo|–|447|447|
|Grants receivable B&Q|–|5,000|5,000|
|Grants receivable Lottery Community Fund COVID|–|–|–|
|Grants receivable Westminster Foundation|–|10,000|10,000|
|Grants receivable Charles Sharland Trust|–|–|–|
|Grants receivable Postcode Community Fund|–|–|–|
||���������|��������|���������|
||135,792|71,968|207,760|
||���������|��������|���������|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|**Donations**||||
|Donations|9,048|–|9,048|



**13** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **4. Donations and legacies** _**(continued)**_ 

||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||£|£|£|
||**Grants**|||||
||Grants receivable CWAC Rates Relief||14,120|–|14,120|
||Grants receivable HMRC CJRS||88,141|–|88,141|
||Grants receivable Unrestricted||52,215|–|52,215|
||Grants receivable Miscelaneous Restricted||–|3,200|3,200|
||Grants receivable CRH Charitable Trust||–|10,000|10,000|
||Grants receivable CWACC||–|81,277|81,277|
||Grants receivable Lottery Funding||–|84,848|84,848|
||Grants receivable Edward Gostling||–|–|–|
||Grants receivable General COVID Support Grants||–|18,960|18,960|
||Grants receivable Steve Morgan Foundation||–|24,114|24,114|
||Grants receivable Cheshire Community|Foundation|–|3,840|3,840|
||Grants receivable Bfwd from 2020||–|9,860|9,860|
||Grants receivable Mencap||–|–|–|
||Grants receivable VIVO re Chester Zoo||–|–|–|
||Grants receivable B&Q||–|–|–|
||Grants receivable Lottery Community Fund COVID||–|7,690|7,690|
||Grants receivable Westminster Foundation||–|7,500|7,500|
||Grants receivable Charles Sharland Trust||–|5,000|5,000|
||Grants receivable Postcode Community|Fund|–|10,548|10,548|
||||���������|���������|���������|
||||163,524|266,837|430,361|
||||���������|���������|���������|
|**5.**|**Charitable activities**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Sale of goods/services as part of direct|||||
||charitable activities|2,039|2,039|772|772|
||Other income from charitable activities|||||
||Session Subscriptions|113,500|113,500|11,563|11,563|
||Other income from charitable activities|||||
||Membership feees|4,450|4,450|–|–|
|||���������|���������|��������|��������|
|||119,989|119,989|12,335|12,335|
|||���������|���������|��������|��������|
|**6.**|**Other trading activities**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Fundraising events|3,183|3,183|1,907|1,907|
||Letting and licensing|10,953|10,953|5,400|5,400|
|||��������|��������|�������|�������|
|||14,136|14,136|7,307|7,307|
|||��������|��������|�������|�������|



**14** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **7. Investment income** 

|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Bank interest receivable type 1|8|8|68|68|
|||����|����|����|����|
|**8.**|**Costs of other trading activities**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2022**|Funds|2021|
|||£|**£**|£|£|
||Costs of other trading activities -|||||
||Staging events|1,565|1,565|1,381|1,381|
|||�������|�������|�������|�������|
|**9.**|**Expenditure on charitable activities by fund type**|||||
||||Unrestricted|Restricted|**Total Funds**|
||||Funds|Funds|**2022**|
||||£|£|**£**|
||Service Provision||333,130|47,248|380,378|
||Support costs||1,911|–|1,911|
||||���������|��������|���������|
||||335,041|47,248|382,289|
||||���������|��������|���������|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||||£|£|£|
||Service Provision||99,263|266,837|366,100|
||Support costs||1,802|–|1,801|
||||���������|���������|���������|
||||101,065|266,837|367,901|
||||���������|���������|���������|
|**10.**|**Expenditure on charitable activities by activity type**|||||
|||Activities||||
|||undertaken||**Total funds**|Total fund|
|||directly Support costs||**2022**|2021|
|||£|£|**£**|£|
||Service Provision|380,378|–|380,378|366,100|
||Governance costs|–|1,911|1,911|1,801|
|||���������|�������|���������|���������|
|||380,378|1,911|382,289|367,901|
|||���������|�������|���������|���������|
|**11.**|**Net (expenditure)/income**|||||
||Net (expenditure)/income is stated after charging/(crediting):|||||
|||||**2022**|2021|
|||||**£**|£|
||Depreciation of tangible fixed assets|||939|66|
|||||����|����|



**15** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **12. Independent examination fees** 

||**2022**|2021|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|1,908|1,800|
||�������|�������|



## **13. Staff costs** 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||**2022**|2021|
|---|---|---|
||**£**|£|
|Wages and salaries|273,231|168,292|
|Social security costs|14,694|13,967|
|Employer contributions to pension plans|4,788|4,152|
||���������|���������|
||292,713|186,411|
||���������|���������|



The average head count of employees during the year was 18 (2021: 20). 

No employee received employee benefits of more than £60,000 during the year (2021: Nil). 

## **14. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees; 

## **15. Tangible fixed assets** 

||**Fixtures and**|
|---|---|
||**fittings**|
||**£**|
|**Cost**||
|At 1 April 2021|938|
|Additions|3,554|
||�������|
|**At 31 March 2022**|4,492|
||�������|
|**Depreciation**||
|At 1 April 2021|740|
|Charge for the year|939|
||�������|
|**At 31 March 2022**|1,679|
||�������|
|**Carrying amount**||
|**At 31 March 2022**|2,813|
||�������|
|At 31 March 2021|198|
||�������|



**16** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

|**16.**|**Debtors**|||
|---|---|---|---|
|||**2022**|2021|
|||**£**|£|
||Trade debtors|9,284|12,685|
||Prepayments and accrued income|–|4,461|
||Other debtors|1,015|940|
|||��������|��������|
|||10,299|18,086|
|||��������|��������|
|**17.**|**Creditors:** **amounts falling due within one year**|||
|||**2022**|2021|
|||**£**|£|
||Trade creditors|409|1,536|
||Accruals and deferred income|4,587|4,199|
||Social security and other taxes|4,254|5,137|
||Other creditors|1,134|923|
|||��������|��������|
|||10,384|11,795|
|||��������|��������|
|**18.**|**Deferred income**|||
|||**2022**|2021|
|||**£**|£|
||At 1 April 2021|1,145|19,860|
||Amount released to income|(1,145)|(19,860)|
||Amount deferred in year|–|1,145|
|||�������|��������|
||**At 31 March 2022**|–|1,145|
|||�������|��������|



## **19. Pensions and other post retirement benefits** 

## **Defined contribution plans** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,788 (2021: £4,152). 

**17** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **20. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**||||||
|---|---|---|---|---|---|
||||||**At**|
|||At||**31**|**March 202**|
||1|April 2021|Income|Expenditure|**2**|
|||£|£|£|£|
|General funds||161,397|269,925|(336,606)|94,716|
|||���������|���������|���������|��������|
||||||At|
|||At||31|March 202|
||1|April 2020|Income|Expenditure|1|
|||£|£|£|£|
|General funds||80,608|183,234|(102,446)|161,396|
|||��������|���������|���������|���������|



**18** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **20. Analysis of charitable funds** _**(continued)**_ 

## **Restricted funds** 

|**Restricted funds**|||||
|---|---|---|---|---|
|||||**At**|
||At||**31**|**March 202**|
||1 April 2021|Income|Expenditure|**2**|
||£|£|£|£|
|Restricted Fund 1 - Big Lottery|–|–|–|–|
|Restricted Fund 2 - CWAC|–|–|–|–|
|Restricted Fund 3 - Steve Morgan|||||
|Foundation|–|35,119|(35,119)|–|
|Restricted fund 8 - CRH Charitable|||||
|Trust|–|–|–|–|
|Restricted fund 10 -Other|–|12,129|(12,129)|–|
|Restricted fund 11 -General COVID|||||
|Support Grants|–|–|–|–|
|Restricted fund 12 -Postcode|||||
|Community Fund|–|–|–|–|
|Restricted fund 13 - B&Q|–|5,000|–|5,000|
|Restricted fund 14 - Westminster|||||
|Foundation|–|10,000|–|10,000|
|Restricted fund 15 - TNL Community|||||
|Funding|–|9,720|–|9,720|
||����|��������|��������|��������|
||–|71,968|(47,248)|24,720|
||����|��������|��������|��������|
|||||At|
||At||31|March 202|
||1 April 2020|Income|Expenditure|1|
||£|£|£|£|
|Restricted Fund 1 - Big Lottery|–|84,898|(84,898)|–|
|Restricted Fund 2 - CWAC|–|81,277|(81,277)|–|
|Restricted Fund 3 - Steve Morgan|||||
|Foundation|–|24,114|(24,114)|–|
|Restricted fund 8 - CRH Charitable|||||
|Trust|–|10,000|(10,000)|–|
|Restricted fund 10 -Other|–|37,040|(37,040)|–|
|Restricted fund 11 -General COVID|||||
|Support Grants|–|18,960|(18,960)|–|
|Restricted fund 12 -Postcode|||||
|Community Fund|–|10,548|(10,548)|–|
|Restricted fund 13 - B&Q|–|–|–|–|
|Restricted fund 14 - Westminster|||||
|Foundation|–|–|–|–|
|Restricted fund 15 - TNL Community|||||
|Funding|–|–|–|–|
||����|���������|���������|����|
||–|266,837|(266,837)|–|
||����|���������|���������|����|



**19** 



## **Live!** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2022** 

## **20. Analysis of charitable funds** _**(continued)**_ 

## B&Q 

Funds were received towards a kitchen refurb but were not spent by the year end. 

## Westminster Foundation 

A grant was received towards activities, but was not spent by the year end. 

## TNL Awards for All 

This funding towards running costs was received before the year end but not spent until the following year. 

## Steve Morgan Foundation 

£69,708 was awarded over 3 years towards the salary of the CEO, from April 2019 to March 2022. 

## **21. Analysis of net assets between funds** 

||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2022**|
||£|£|**£**|
|Tangible fixed assets|2,813|–|2,813|
|Current assets|102,287|24,720|127,007|
|Creditors less than 1 year|(10,384)|–|(10,384)|
||���������|��������|���������|
|**Net assets**|94,716|24,720|119,436|
||���������|��������|���������|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
||£|£|£|
|Tangible fixed assets|198|–|198|
|Current assets|172,994|–|172,994|
|Creditors less than 1 year|(11,795)|–|(11,795)|
||���������|����|���������|
|**Net assets**|161,397|–|161,397|
||���������|����|���������|



**20**