Charlty reglstrallon number 1160972 Company regi8tratlon number CE003748 (England and Walos) LIVEI ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ) Hargreaves & Woods CFIARTERED AcfcJuNTANTS & IJIJSINESS Af)Vl%ERS
LIVEI LEGAL AND ADMINISTRATIVE INFORMATION Tru8t8e8 M Hyde R Lewis G Vlarren N Burton C Morgan inAlliams L Duncalf (Appointed 19 June 2023) Charlty number 1180972 Company number CE003748 Prlnclpal addr•ss New Scene Centre Limewood Close Off Newton Lane Chester CH2 2HH Reglstarnd offlce New Scene Centre mewood Close Off Non Lane Che8ler CH2 2HH Independent oxamlner Jame8 Hargreave8 FCA Cholmondeley House Dee H1118 Park Chester Che8hlre CH3 SAR
LIVEI CONTENTS Pago Tru81ee8' report Independent examinerfs report statement of finandal actlvitles Balance sheet Note8 to the financlal Statements 8-17
LIVEI TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 trustee8 present their annual report and financlal statements for the year ended 31 March 2024. The financial statements have been prepared in accordanc8 wlth the accounling policles set out in note 1 to the financlal statements and ¢omply with Ihe charlty'8 goveming document, Ihe Companies A¢1 2006 and "Accounting and Reporting by Chari118s'. Statemant of Recommended Practice applicable to chaiilies preparing thelr account8 In accordance wllh the Flnandal Reporting Standard appiicable in the UK and Rewblic of Ireland (FRS 102)" (effective 1 January 2019). Objectlves and actlvltle8 The objective8 of Llvel are.. lo advance, promote and encourage education and learning opportunitles for children, young people and adults wlth disabllltles so as to increase their capacitie8 to make infonned cholc88 about Ihair indSvldual Ilfestyl88 wlthln their own communlty., to provide facllities for rKreatlon and other lel8ur8 tim8 occupallon for dilldren, young people and adults th dlsabilftle8 In the Interests of soclal welfar8 wlth the object of impiovlng their conditlonB of Ilfe. Llvel aim8 to provide hlgh quallty learnlng and recreatlon activltles which are a$8Ible and respon8lve to the needs of chlldren. young people and adults with disabililles. Livel18 committed to pmmotlng Integratlon, celebratlng people3, dlfferences and recognislng and Implementing equal opportunitle8 throughout the organl8atlon. Public benefit The trustea8 have pald du6 regard to guldance I88ued by the Charlty Commlssion in declding what activltles the charlty should undertake. Acllvi1188 We have prlorltles to Empower People wFlh Disabllllles, to Ensure Equlty, Advocacy and Actlve Citlzen8hip and Optlmlse Opportunitie8 for Enterprise and Educatlon, Experience and Enrichment. We are 8trivlng to encourage people to Love Llfe @ Livel, to embrace Challenge and Adventure, Connecilon and Belonging, Frlend8hip and Fun. Livel'8 work throughout 202312024 Supported rts mission and oty'ectlve8. All activitles took place and contlnued aB a result of ongoing ¢on5ultallon with members. They Shape 8eNlces, 8ugge8t exciting Idea8 for projects and tak8 9 lead on aotivltles and decision-maklng. In Setting the above objective8, the Truslees have glven careful conslderation trj the Charlty Commisslon's guldance on publlc benefit. The next three years are an Incredlbty exciting opportunity for Livel to engage all stakeholders in coproductlon actlvity to redesign what we do.. from vi8ion & mission. through Innovalive pro]e¢ts & excltlng programme8. via efflcient system8, to cons13tsntly deliver posltive outcomes. Person centred, progresslve provlsion, enhanclng the local communlty and having a lasting impact, thangin9 Ilves for the better. Achlevements and perforniance Signlllcant actlwlles and achi6vom9nts agalnst objectives Already, we have seen our commlssloned day service Aclive Livel evolve to meet greater demand. Our Children & Young People's provlslon All Stars (After School Club) and 50 days of Fun (Hollday Club) have piloteAJ new ways of workin9 con8ultation wlth members. feeder schools, L4 wofessionals. and parents & carers, With further refinements 8tlll lo come. Patchwork, our Performing Arts Project rethved slgnificant funding. enabling us to broaden the scope of the offer wSlh specialist sesslons In Art, llan & Music up and running to compliment the Inclusive choir. Media and Drama s&ssions are in development. and the range and qualrty of spedalist partners engaging with Live! to offer high- quality practitioner in$truction.1g lIkSe greater. Our Social Offer, Inbelweeners (teen youth group) and Blg Livel (25+ adult 8OCTal club) continu8 to prove extremely popular with demand outstripping supply. therefore we have recently supplemented th8$e with a monthly social at Th8 Moxy Hot81 avallable to all members.
LIVEI TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Adaptsd Cycles has also recelved generous funding thring 23124 via bld8 and grants enabting u8 to update the most frequently us8d models and replac8 all helmets. Partnershlp wothng with the four maln speclal schools in Chester lo deliver a SEND specific Bike-abillty programme is underway and our recently appcinted ¢yde Project Manager is tasked with dlversifying the customer base to increase the scope of beneficiaries, to include other disadvantsged d8rn0graphic8. The Duke of Edlnburgh Gold Award group are focussed on their final expedttion in @arfy summer, upcn completlon of whlch they will be ellgible to recelve their award8 and will be plannlng a long.await&d vlslt to the Palaca. The greatest area ol growth In the past twelve months has been our Social Action work, with an open SA group and elected SA Gommlttee both now Sn place. There has been a CtInoU8 programme of health & wellbelng educatlon, awareness raislng events and fundralslng actlvity In thi8 area. Social Action will form a flag8hlp asp8¢t of our charSty'8 reframed purpos8. At thè heart of Ihls strategy Is the d88ir8 to play our part In transforming the lives of children, young people and adults with di6abllitles and autism through our ethos of empowemient and indusloni81 prindple8. Through th8 year, Mary Watt has become actlvety involved and developed links wlth West Cheshire & NW Chamber of Commerce, n8knrA4busine88, CWAC Parent Carer Forum CIWA Children & Youn9 People's Allience, S8Ctor Leaders Group, Youth Strategy Board, NCVO, Cheshire & Mer8ey$lde VCFSE Care Leader8 Group. Worklng In partner8hlp 18 Important and through the year Llvel ha8 worked wlth.. Cheshlre We8t and Chest8r Coun¢ll, Bren ProSect. Space, all local Speclal Schools. Youth FederatSon, Theatre in the Quarter, Art In the Place, Storyhouse, CWA, Cycle ProJects, Wheels for Al, Chester Zoo. Di8ablllty P081tive. NHS. Sanctuary Houslng, Chester Unlversity. Wrexham Unlverslty, The Moxy Hotel, Belong, Rage Fllness, Fitness w51h Gareth, Cheshire Dance, Reedy Generations, Ll8a Rosetti ArtI8t, Sound Bath, Laughter Yoga, CSASS, TogetherAII Are Able. W8 are passlonate about tackllng Inequalitles, challenging dlsadvantsge and empowerlng p8ople wtth di8abllille8. We work wlth Indlvlduals and communitles to Create an In¢lu81ve. cohesive future for all. At Livel we believe that member8 ar6 not pa89ive benefit r8clplent8, but capable. prtractlve dtiZ8n8 adding value to thelr local communltl@8. Fadlitatlng thelr p081tlve contribution to 80clety. destlgmatlsing dlsabllity, championlng dlversity and inclusion advocacy are all essentlal elements of our work. We al80 provlde a volce for our member8 to influence local and national policy and seek to collaborate with other charitles and groups in th18 shared mlsslon. NeOrking. bulldlng effectlve relationships wilh stskeholder8 (at all leve18), cullivatlng new partner8hlps, Identlfylng Innovatlve project opportunities and community engagement are al80 key. Llvel 18 8trlvlng to reach out to new, dSver8e audlences. to broaden the $cope of impact, whllst strenglhening exlsting links to increase opadly and ral88 a8plratlons. We want Llvel to be an Induslve and dlverse organisatlon. where everyone fee18 SUPPOrted, valued and able to be thgmselves. We are a Disability Confident committed and Inclusive Excellence committed employer, supporting a number of neurodlvergent and dlsabled employees and volunteers as well as our members. However. we know Ihal in our sector and locality, we particularfy lack staff and volunteers from Minority Ethnic B8ckgrounds and Seek to increase dlversity at all levels of the organlsation, from membership to governance.
LIVEI TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grant Income and fundralslng Throughout the year, funding appll¢ation8 have been submltted and Twstees sincerely thank our m8ny supporters, including Awards 4 All, Souter Charitable Trust. Lottery Community Fund, Tha Clothworkers Foundation, Brian Wilson Grant, ISL. Michael Watson Charitable Trust, Westminster Foundation, Baln Charitsble Trust, Garfleld Weston, Bamard Kenneth Hufton CT, UKH Charitable Trust, ALA Green, Robert McAlpin8. Haramead Trust, Alch8my Trust, The Louis Nlcholas Residuary CRT. Ursula Keyes Trust. Broome Famlly, Medlcagh Foundation, CWAC Youth Opportunllles Grant and many others. Staff, members and Friends of Livel have organised fundraislng avItIeS throughout the year. The88 hav8 included raffles, Llvel Lotto, an Elf Run, sponsored runs, open water 8wim8, discos. and bingo sessions. Sodal Action members ral8ed fundlng for a trip to London, which Included a gulded tour of the Hou8es of Parllamert, which the group had organlsed with Samantha Dlxon MP. There have also been Celebratory days. for example, Llvel'8 30th Blrthday and Comiccon Llvel New Scen6 Thls is Llv81'8 fourth year Into the 25-year leas8 on New Scene. Malntenance work and Safety check8 continue. Through the year, there has been the development of the role of a Building8 and Facllities manager a meetlng with Llvel's elected councll members about the development. We have seen a reallocAlion of space and a brlght and welcomlng reception area. The work on changlng space has been put on hold. AS the financlal year ended, a kltchen r8-de8lgn and upgrade wa8 tsklng place, a staff room was being completed, an applicauon had bean made to thè UKSPF and our interest In a Community Asset Transfer had been formally reglst6rèd, Flnanclal rnvlgw The Charlty'8 re8uIt8 for the year 8how an Lnrestri¢ted surplu8 of £117,796. Re8etve8 poIIcy It Is th8 policy of the charlty that unre8tr1cted fund8 whlch have not been de81gnated for a 8pecIfic use Should be malntained at a 18vel equlvalant to at lea5l three month's expendlture. The trustees conslder thal re8eNas at thls level wlll ensure that, In the event ol a significant drop In funding. they wlll be able to contlnue the charity's current acllvities while conslderatlon18 given to ways In which additional funds may ba ralsed. Thls level of re8eNe$ has been malntalned throughout the year. Plans for future perlo(ts Key Prlorlty Areas for Trustee8 are to ensure that: The well-belng and safeguardlng of our staff and member8 are malntalned The development of New Scene bulldlng continues. enabllng New Scene to be an innovative Communlty & Charlty Hub, Integral to Newton and Hoola Uvel conUnue8 it$ partnershlp projects and develop8 new partners, Includlng those within Ihe buslne88 8ector Llv8118 an exemplar provider of progresslve Adult Day Care opportunitles and Chlldren and Young People provi8lon Livel 18 Sector Leaders In Sodal Adion, PSD & lifelong leamlng 8¢tEvitle$ Struclure, governance and management The twstees. who are also the directors for the purpose of company law. and who send durlng the year and up to the d81e of signature of the financial statements were: M Hyde R Lewis D Lewis G Warren N Burton C Morgan Willlam8 L Duncalf (Resigned 18 April 2023) (Appointed 19 June 2023)
LIVEI TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 RecnJitm8nt and appoinlment of tru8tegS Exlsting Irustees appoint new trustees. They base thes8 appolntment8 on the varlety of 8kill Sets that indlvldual8 have and whl¢h are Important for the board as a whole. At March 31st 2024, the charfty had SIX Tw$ke8. The CEO and Trustees alm to recruit additional trustees through the coming year. As part of the Governance CIP, the CEO arKI Trust888 are establlshlng three Sub-committees: Safeguarding, Buildlngs and Fin8n¢a, HR & Remuneratii)n. Organlsational struclure The Charlty 18 8 charltable Incorporated organlsation, wntrolled by Its goveming document and 18 operated In accordance wlth the foundatlon model conslltution, Rlsk Management The Trustees have conllnued to review the prlndpal areas of risk in the organ18atlon and conslder that 8y818ms and proce88es are In place to monltor and control them. Slaff At the c108e of th18 flnancial year, Mary Watt concluded h8r Inaugural year in post and marked the full transitlon from the outgoing leadershlp team to the new one. Thls was a timely cen8U8-point In Livel history, as the we celebrated landmark 30th birthday in Summer 2023 and began to move fOard to usher in a new era for the charlty from 2024 onward. During 2023124, the tsam has vmrked hard lo reflect on our purpose. prlorlties and strengths, layng the groundwork for the full rev181on of our Vlslon, Ml$3ion. Values and Culture during 2024, whlch will provide a olear path for our fOard trajectory and framework on whlch to bulld the new proc888e8 nece88ary for the reali8atlon of our ambillons, Vmth a refreshed brand and a renewed presence - both onllne and also acr088 Che$ter and the regional 3rd sector. the scene is 88t for signlficant change. One of Livel'8 alm8 for 2023124 was to develop the role a Bullding8 and Facllltieg Manager. Thi8 wa8 achleved and an appolntment was mada. In addltlon, a RecepOn Admin role ha8 been created and In posl. Through the year, staff have worked on their professlonal development. undertaklng a numb9r of course8, Includlng NBOS (for Buildlngs manager), Safeguardlng and Man8gemenL The Trustees, report was approved by Ihe Board of Trustee8. M Hyde Tru8teg Date,. 30
LIVE! INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LIVE! I report to the trustees on my examlnation of the financial ststemenb of Llvel (the charity) for the year ended 31 March 2024. Re8pon81bllities and basls of report As the trustees of the charity (and also its directors for the pury)oses of company law) you are responslble for the preparation of the financial statsments In accordance with the requirements of the Companies Act 20Ce (the 2006 Act). Havlng 8atlsfied myself th8t the financAal statements of the charlty are not required to be audited under Part 16 of the 2008 Act and are eliglble for Independent examlnation, I report in respect of my examlnatlon of the charlty's financlal $tatements carrled out under section 145 of the Charities Act 2011 (the 2011 Act). In carying out my examSnatlon I have followed 811 the applicable Dlrectlon8 glven by the Charity Commi8sIon under seclion 145(5)(b) of the 2011 Act, Independent examlner'8 8tatsment Slnce Iha charity's gr08s Income exceeded £250.000 yi)ur examlner must be a member of a body Ilsted in 8ecllon 145 of the 2011 Act. I confirm that l am qualified to undertake the examlnatlon becaus8 l am a member of ICAEW, whlch Is ane of the118led bodle8. I have completed my examinatlon. I confirm that rKJ matt8r8 have come to my attentlon In connectlon wlth th8 examlnatlon glving me cause to belleve that In any material respecl: accountlng records Were not kept in respect of the charity as requlred by aection 386 of the 2008 Act: or the financial statements do not accord wlth those records,. or the financial 8tetement8 do not comply wlth the accountlng requirements of 8ecUon 396 of the 2006 Act other than any requlrement that the accountg giv6 a true and fdr vtew whlch18 not a matter consldared 08 Part of an independent examination,. or the flnanclal statements have not been prepared In accordance wlth the m8thods and prlndple8 of tho statement ol Recommended Practice for accounting and reportlng by charllles appllcable to ¢haTIti88 preparfng thelr account8 In accordanca wlth the Financlal Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters In connectlon wllh the examlnatlon to which attentlon Should be drawn in th18 report In order to enable a proper understanding of the financSal statements to be reached. Jame8 Hargreave8 Cholmondeley House Dee Hi118 Park Chester Cheshlre CH3 SAR
LIVEI STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrlctod funds funds 2024 2024 Total Unrestrl¢tod R68trlcted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donatlons and legac4e8 Charitabl8 activllle8 Olh8r tradlng actlvltles Investments 31,798 285,906 19,899 11,813 200.885 232.881 285,908 19,699 11,813 68,795 152,726 19,001 404 187,825 256,620 152,726 19.001 404 Total Incomo 349,214 200,885 550,099 240,928 187,825 428,751 Expendltur• on: Rai81ng funds Charltable actlvltles 1,541 231.229 1,541 407,458 334,290 216,501 550,791 176,229 Total oxpendlture 334,290 216,501 550,791 232,770 176,229 408,999 Not Incom•l(oxpgndlture) and movement In funds 14,924 (15,816) {692) 8,156 11,596 19,752 Roconclllatlon of funds: Fund balances at 1 Aprll 2023 102,872 36,318 139,188 94,718 24.720 119.438 Fund balance8 Ot 31 March 2024 117,798 20.700 138.496 102,872 38,316 139,188 The statement of fln8ndal acllvltles Includes all galns and losses recognlsed in the year. All Income and expendltur6 derive from continulng actlvitl88,
LIVEI BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Note8 Flxed assets Tanglble assets 14 32,865 6,652 Cufrent asset8 Debtors Cash at bank and in hand 15 19,737 111,288 3,399 183.288 131,005 166,687 Credltor8: arnounts falllng dug wlthln ono year 16 (25,374) (34,151) Net current a8s•ts 105,631 132,536 Total asset8 less currnnt Ilabllltlos 138.498 139,188 Net a88Ot8 eXGludlng ponslon Ilablllty 138.496 139,188 The fund8 of tho charlty Restrlcled Income fund8 Unrestricted funds 18 20,71K) 117,796 38,316 102,872 138,496 139,188 The company 18 entllled to the exemptlon from the audSt requlrement CL)ntalned In 88clSon 477 of the Companle8 Act 2006, for the year ended 31 March 2024. Th8 directors acknowledge thelr respon8ibllltle8 for complying wlth the requlrements of the Companies Act 2006 wllh respect to accounting record6 and the preparation of fin8ncial 8t8tement8. The member8 have not requlred the company to obtaln an audlt of Its ftnandal 8tatements for the year In qu68tlon In accordance with section 476. These financlal statements have been prepared In accordance with thè provislon8 appllcable to companies subject to the small companies regime. The flnancial 8tatement8 vmre approved by the trustees on ........... .. .. ....... M Hyde Tru$to8 Company reglstration number CE003748 (England arKI Wales)
LIVEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclo8 Charfty Inforniatlon The charity is a publlc b8nefrt entlty arKI a reglstered charfty in England and Wales and is Incorporated. The address of prlnc4pal office Is New Scene Cenlre, Lime Ilvood Clos6. Off Newton Lan6, Chester, CH2 2HD. 1.1 Accountlng conventlon The financlal statements have been prepared in accordance wlth the chaTIty's governlng document, the Companle$ Act 2006, FRS 102 Yhe Flnanclal Reportsng Standard applicable In the UK and Republ1¢ of Ireland. fFRS 102") and the Charllie8 SORP "Accounting and R8POrtlng by Charltles.. Statement of Recomm8nded Practlce applicabl8 to charitles preparing thelr accounts In accordance Wlth the Flnanclal Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102). {effeclive 1 January 2019). The charfty is a Public 88nefit Entity a5 defined by FRS 102. The charity ha8 taken advantage of the provl8ion8 In the SORP for charities not to prepare a Statanont of Cash Flow8. The financlal 8tatement8 are prepared In sterllng. whlch 18 the functronal currency of the Gharlty. Monetsry amounts in these flnanclal Statements are rounded to the nearest £. The financlal 6tatemenl8 have been prepared under the h18torl¢al cogt conventlon. The prlnclpal accountlng polldes adoptsd are 8et out b610w. 1.2 Golng concom At the tlme of approvlng the flnan¢lal Statements, the trustee8 have a reasonable expectatbn that the oharlty has adequate resource8 to Continue In operational existence for the forèseeable future, Thus the Irustees ntinue to adopt the golng concern ba81¥ of accounllng in preparing the flnanclal statement8. 1.3 Charltsblg fundg Unreslrlcted fund$ are avallable for use at the dlscretlon of the trustees In furtherance of their Charitable oty'ectives. Re8trlcted funds are Subject to spedfio condillons by donors or grantors ag to how they may be used. The purp08e8 and u888 of the restricted fund8 are set in notes lo thè financlal 8tatement6. Endowment funds are subject to specific conditlons by donors that the capltal mu8t be malntalned by the charlty. 1.4 Incomo Income18 recognised when the charity18 legally entitled to it after any performanc8 condltions have been met, the amounts can be measured rellably, and It is probable that income will ba recelved, Cash donations are recognised on welpL Other donatlons are Tecognlsed once the charity has been notified of the donation, unless Performance Condltions requlre deferral of the amount. Income lax recoverable In relatlon to donations recelved under GiftAtd or deeds of covenant Is recognlsed at the time of the donatlon. Legacles are recognised on recelpt or ottTeTwi8e If the charlty has been notlfied of an imp&nding distributlon, the amount is known. and receipt is expected. If the amount Is not known. the legacy Is treated as contingent asset.
LIVEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclos (Contlnued) 1.6 Expondliure Expenditure is recogni8ed once there 18 a legal or construdiv8 obligatlon to transfer economlc benefit to a third party. It Is probable thal a transfer of economic benefits wlll be requlred In settlement, and the amount of the obllgatlon Can be measured rellably. Expenditure Is classified by activlty. The cost8 of each actlvlty are made up of the total of dir&t costs and shared co813, including Support costs involved In undertaking each activity. Direct costs attrlbulable lo a slngle aclivlty are allocated dlr8clly to that activity. Shared costs whlch contrll)ute to more than one actlvlty and 8UPPOrt costs whlch are not attributable to a slngle acllvlty are apportioned beeen those adlvities on a basls consi8t8nt th the use of resources. Central staff costs are allocated on the ba8ls of Ume 8pent, and depreclallon charge8 are allocated on the portion of the asset's U88. 1.6 Tanglble flxed assets Tanglbla flxed asgets are inltlally measured at cost and 8ubsequently measured at cost or valuatlon, net of d6pr6clatlon and any impalmient1058es. Depreclgtion18 recognl8ed 80 a8 to write off the o)st or valuation of a888ts1888 thelr regidual value8 over thelr useful Ilv88 on the followlng bases., Lea$8hold land and bulldlng8 Flxtures and tlttlngs 20 years straight Ilne 25% reduclng balance The gain or Ios8 arising on the disposal of an asset18 determlned as the dlfference between the 8a18 proceeds and the carrylng value of the asset, and Is recognlsed Sn Ih8 8tatement of financlal actlvlli88. 1.7 Impalnnent of flxed a880ts At each reporting 8fKI dat8, the charity rev18W8 the carrying amounts of it8 tanglble as80ts to determlne whether there 18 any Indicatlon that th08e assets have suffered an impalmient lo$$. If any 8uch Indication exlsts. tha reccverable amount of the asset Is estimated In order to determlne the extent of the impalrment 1088 (if any). 1.8 Cash and ca8h equlvalents Cash and cash 8quiva18nts Include cash in hand, deposlt8 hetd at call with bank8, Other $hort.lemi Ilquld Investments wlth orlglnal maturlties of three month8 or le58, and bank overdrafts. Bank overdr8ft8 are 8hown wtthln borrowlngs In current Ilablllties. 1.9 Flnan¢lal Instruments The charity has elected to appty Ihe provislons of Se(*ton 11 'Basi¢ Flnanclal Instruments, and Sectlon 12 'other Flnanclal In81rument8188ue8' of FRS 102 to all of its financlal Inslruments. Flnanclal Instruments are recijgnised In the charity's balan¢8 8heet when thé tharity becomes party to the contractual provision8 of the Instrument Financlal 888ets and Ilabllitles are offset. with the net amount8 presented In th8 flnancial 8tatem6nts, when th8r8 is a legally enforceable right lo set off the recognlsed amounts and there is an intenllon to setue on a net basi8 or to rea1188 the asset and settle the liability slmultaneously. Baslc flnanclal assets 8asic finandal assets, which Include debtors and cash and bank balances, are initially measured at transaction price includlng transactSon costs and are subsequently carried at amortised cost using th8 effective interest method unless the arrangement constitutes a financing transaction, where the transaction 18 measured at the present value of the futur8 receipts discounted at a market rate of interest. Financlal assets classified as recelvable wlthln one year are not amortised.
LIVEI NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Continued) Baslc flnanclal Ilabilltles Baslc financial liabilities, indLKJing creditors and bank loans are Initially recognised at transactlon prrce unles8 the arrangement constitutes a financlng transaction, wher8 the debt instrument Is measured al the present value of the future payments dls¢ounted at a markel rate of Interest. Financlal liabilitles classtfied as payable within one year are not amortised. Debt instruments are 8ubsequently carried at amrtised cost, using the effectlva interest rate method. Trade creditors are obllgatlon8 to pay for goods or services that have b88n acqulred in the ordinwy cour8e of operations from suppliers, Amounts payable are classlfied as currant liabilltles if payment 18 du8 withSn one year or less. If not, they are presented as nonvcurrent Ilabilities. Trade creditor8 are recognised Snitlally at transaction prlce and subsequently mea8ured at amortised cost U8lng the effective Interest melhod. Derecognlllon of flnanclal Ilabllltles Flnanciol Ilablllll88 are derecognlsed when the charlty's contractual obllgallong explre or are d18charged or Gancelled. 1.10 Employee benefits The cost of any unused holiday entlilement Is recognised in the perfod In whlch the employee'8 8eNlce$ are re¢elved. Termlnatlon beneflt$ are recogni8ed Immediately as an expense when the charlty18 demonstrably comm1tt8d to temiinate the employment of an employee or to provlde ternnatIon beneflts. 1.11 Rellrament bonafits Payment8 to defined contributlon rellrement benefit 8chemes are charged a8 an expen88 a8 thoy fall due. Crltlcal accountlng ostlmate• and Judgement8 In the application of the charlty's accountlng polldes, the trustee8 are required to make judgements, estlmates and a88umpllons about the Carrying amount of assets and 118billtleg that are not readlly apparent from othar sources. The e8tlmates and associated assumptions are based on hlstorlcal experience and other faGtor8 that are considered to be relevant. Actu81 rasulls may differ from these estlmate8. The e8timate8 and underlylng assumptions are revlewed on an ongolng basi3. Revlslon$ to accountlng esrnateS are recognls6d in the period in which the e8tlmate 18 revlsed where tha ravislon affects cnly that perlod. or In Iho périod of the r6Vtsion arKI future perlod8 where the revislon affect8 both current and future perlods. Incomo from donatlon8 and legacle8 Unrastrlcted Restrlcted funds funds 2024 2024 Total Unrostrlcted Restrfcted funds funds 2023 2023 Total 2024 2023 Donations and glfts Grants receivable 19,857 11,939 19.857 212,824 5,513 63,282 5,513 251.107 200,885 187,825 31,796 200.885 232,681 68.795 187,825 256,620 10-
LIVEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donallons and1ogacle8 (Contlnugd) Unreslrlcted Restrlcted funds funds 2024 2024 Total Unrg8trlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Donatlons and glfts Donallon8 19.857 19,857 5,513 5,513 19,857 19,857 5,513 5,513 Grants recolvable for Coro actlvlt108 Grants recelvable - Unre8trl¢ted 11,939 200.885 212,824 e3,282 187,825 251,107 11,939 200.885 212.824 63.282 187.825 251,107 Income from charltsble actlvltlos Unrnstrlcted Unrestrlcted funds funds 2024 2023 Other InGome from charltable actlvllles GiftAid Membership fee8 Sesglon Subscriptions 2,286 1,470 282,150 3,240 149,488 285,908 152,726 Income from other tradlng activltl08 Unre8trlcted Unrestrlctod fund8 fund8 2024 2023 Fundraising events Lettlng and licenslng Sponsorships 2,089 17,610 3.759 14,848 394 Other trading activfties 19.699 19,001 11
LIVEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incoma from Invastments Unrestrfcted Unrostrlctod funds funds 2024 2023 Interest recetvable 11,813 404 Expendllure on ral8lng fundg Unrostrfct8d Unre8trlct8d fund8 fund8 2024 2023 Fundralslno and publlclty staging fundrai81ng events 1,541 12-
LIVEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expondituro on charitablo actlvltles Unrestrfcted Regtrlctod funds funds 2024 2024 Totsl Unrestrlcted Restrlcted fund8 funds 2023 2023 Totsl 2024 2023 Dlrect costs Staff costs Depreciatlon and Impalrment Purchases Re3lricted costs Llght & Heat Repalrs & malntenance Insurance Motorltravel costs Legal & professlonal fees Telephone ¢ost8 Other off ce cosls Other interest and 8lmllar chaiges payable Computer costs Cleanlng & waste cost8 Staff tralnlng cost8 Other charllable expenditure 212,097 212,097 140,177 140.177 4,169 38.668 4.169 36,668 218,501 17,328 11,141 7,742 1,078 3,124 1,925 7,551 2,217 28,756 2.217 28,758 176,229 12,641 827 6,131 4,131 7,861 1,622 7,690 216,501 176,229 17,328 11,141 7.742 1.076 3.124 1,925 7,551 12.641 827 8,131 4.131 7,861 1.622 7.690 2.255 9.717 9,381 5,826 2,255 9,717 9,381 6,626 1,303 4,102 9,560 1,375 1,303 4,102 9,560 1,375 2,363 2,383 928 928 332,183 216,$01 548,664 229,321 176,229 405,550 8hare off 8UPPOrt and govemance costs {soe note 9) Governance 2.127 2,127 1,908 1,908 334,290 216,501 550,791 231.229 176,229 407,458 Analy818 by fund Unr88trlcted fund8 Restrlcted funds 334,290 334,290 216,501 231,229 231,229 178,229 216,501 176,229 334,290 216,501 550,791 231,229 176,229 407,458 Support C081s allocatsd to o¢tlvltle8 2024 2023 Governance costs 2,127 1,908 Analysed beiweon: Unrestricted funds 2,127 1.908 13-
LIVEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to actlvities (C(Hitlnugd 2024 2023 Governance costs ¢omprlse: Independent examlnatlon fee 2,127 1.908 2,127 1.908 10 Net movement In fund8 2024 2023 The net movement in funds 18 Btated after chargingl(credltlng): Depredation of owned tangible fixed assets 4,169 2,217 11 Tru8to98 None of the tru8tee8 (or any per80n8 connected thrfth them) recèlved any remuneration or benefi18 from the charlty durlng the year. 12 Employees The average monlhly number of employee8 durlng the year wa$". 2024 Number 2023 Number 19 17 Employment cost8 2024 2023 Wag88 and 89larles Soclal securlty costs Other pension costs 183.727 21,358 7,014 118,943 16,072 5,162 212.097 140,177 There were no employees whose annual remuneration was more than £60.000. 13 Taxatlon The charity is exempt from taxation on Its actlvltle8 becwse all it8 income is applied for charftable purposes. 14-
LIVEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tanglble flxod assets Leasohold FIuTeS and land and flttlngs bulldlngs Total Cost At 1 April 2023 Addltlons 10,549 19,322 10,549 30,381 11,059 At 31 March 2024 11,059 29,871 40,930 Depmclatlon and Impalmient At 1 Aprll 2023 Depreclatlon charged In trte year 3,898 3,618 3,896 4.169 553 At 31 March 2024 553 7,512 8,065 Carrylng amount At 31 March 2024 10.506 22,359 32,865 At 31 March 2023 8,652 6,652 15 Debtors 2024 2023 Amount8 falllng due wlthln one year: Trade debtors 19,737 3.399 16 Credltor8: amounts falling duo wlthln one year 2024 2023 Other taxatlon and ¥oclal Security Trade creditors Other creditor8 Accrual8 and deferred income 8.058 14.513 5,088 23,029 1.268 4,788 4,803 25,374 34,151 17 Rotlromgnt bgnefit Schemes 2024 2023 Defln8d contrlbutlon 8¢h8me8 Charge to profit or loss in respect of defined contribuuon sdme$ 7,014 5,162 The charity operates a defined contribution pension scheme for 1 qualfying employees. The assets of the 8cheme ar8 held separalely from those of the charity In an independently administered fund. 15-
LIVEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Rostrlctgd fund8 The restrlcted funds of the charity comprlse the unexpended balances of donations and grants held on trust subjecl to specific conditions by donors as to how they may be used. At l Aprll 2023 Incomlng Rosources At 31 March resources expgnded 2024 Other We8tmlnster Foundation B&Q Mazaars CWAC Transfomilng Care Broome Famlly Medlcash Foundatlon 9,156 171,816 19.069 (170,272) (19,069) (5,000) (10,000) (12,160) 10,700 5,000 10,000 12,160 2,500 7,500 2,500 7,500 36,316 200,885 (216,501) 20,700 PrnvlouB year: At 1 Aprll 2022 Incomlng Resources At 31 March rosources expended 2023 Other Westminster Foundation B&Q TNL Communlty Fundlng Mazaar8 CWAC Transformlng Caro 143,640 5.000 (134,484) {15,000) 9,156 10.000 5,000 9,720 5,000 (9,720) 10,000 29,18S 10,000 12,160 (17,025) 24.720 187,825 (176,229) 36,316 B&Q funds were received towards a kitthen refurblshment but Vre not Spent at the year ended 31.03.2023, 19 Unrestrlctod fund8 The unrestrlcted funds of the charity comprise the unexpended balances of donations and grant8 whlch are not subject to speclflc conditions by donors and grantors as to how they may be used. These indude designated funds which have been s8t aside out of unresttrct8d funds by the trustees for specific purposes. At 1 Aprll 2023 Incomlng RosourceB At 31 March M80ur¢es expended 2024 General funds 102,872 349,214 (334,290) 117.796 16-
LIVEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unr8$trlctsd funds (Contlnued) Prevlou8 year.. At 1 Aprll 2022 Incomlng Resources At 31 Mah re8ourc88 expended 2023 General fund8 94,716 240.928 (232,770) 102,872 20 Analy81s of not assets botween funds Unrnstrlcted funds 2024 Rostrlcted fund8 2024 Total 2024 At 31 March 2024: Tangible a$$ets Current a8setsl(Ilabllltles) 32,865 84,931 32,865 105,631 20,700 117,796 20.700 138,496 Unrestrlcted funds 2023 Restrlcted fund8 2023 Total 2023 At 31 March 2023.. Tanglble 88sets Current assetsllliabllltle8) 6,852 98.220 6,652 132,536 36.318 102,872 38,316 139,188 21 Relatsd party Iransactlon8 Thera war8 no dlsclosable related party transactions during the year (2023 - none). 17-