REGISTERED COMPANY NUMBER.. 09323582 {En9k￿d aNI Wal851 REGISTERED CHARtTY NUMBER.. 1162220 R•port ol th• Tn*t8•% ath Fln•n¢kl Statqmonts for the Yoar Endgd 31 lA0￿h 2024 for HainesWJlts Wabès LLP. siabJtory 7 NeplU￿ C￿Jrt Varyuard Way Cwdrff CF24 SPJ C(¥rterts ofth• Financial Statements lorth• Yèar ErKled 31 IAarch 2024 Report of1￿ fnwt• 1 to 15 Il•port oltr* IndwndWrtAud￿O￿• 16 to 18 Statem&nt of FIn•￿I•l ActMtI•s tg BOlan￿ SP••t 20 Cmh Fltrwstatwnani 21 Noi0• to ts C••h Flow St•t*n•nt 22 rJ lo 37 ReF￿rt of tl* Trust frythe Year EThJ•J 31 March 2024 truEteas who are akn direclor5 of Ihe Ctsiity ts th8 pwposes of the Crygrrfes A¢1 2(M)6. present tIEir report with the finanoal slalerr*nts of the charity for trt yearended 31 Marth 2024. The tNs*es have adopted the prowsion5 of Accounting and Reporting ty Chanties. Sta*mentolRecthmmended PraL#Ke *JcatAetocharibespreparing their accounts in a¢coraan wilh Ihe Finanaal Reports"ng Slar¥aaNI apF4i￿ble in tt* UK Repubhc of IreLand IFRS 1021 leffethve l January 20191. Trustees h8bp optsd to ccffjt4.ne ts irknmwiie41 r•qw•J in strat•2K reportwrfhin I￿"r R•port Of￿ Trustees Obje¢Uv•s and Actfvitles of Nwport knve Nwport Llve was 8StabllsW lor puNic be￿fft •¥ 8•t In tho Artl¢lis ol A$s￿latIOn wfiS¢h In¢lLKles: . To kYovid8 or assist in the prov15ion of bolh indoor outdoor facilrt*s In the interests of soual wevare for re￿a￿on or other *i5ure bme owwatson of ￿dI￿dU* hav8 need of $uth by reason of Ihair y¢u¢h. age, Infirrnity ordisability. finanaal hardship ¢X 50aal ri￿UMs10￿ w io P￿1¢ at larye wskn th8 obj.ect of improMThJ rDnditsons of lrfe., Andlor To pr(wnote c¢rnmunty PBrlwab"on in heatthy ¥ecreatswal aCtsvts5.' an To provth or a551St in the prow$￿ of ccfflrnunty la¢lity"es tts te av8i*ble lo all Sectio￿ of the o)ft¥nunty without dL%linclicn. induding lor m¢ebng5. afid classes andlor 0￿rIO[m$ ol rBcre8bon ar#J L•isure lime ¢¢LupaUon with obje¢l of mprowng the conditK)rb of life for 311 those who Lts• th• facilit*s. arn11or To promote the gdv¢8tits) ol th• throu9h Ihtr prowshx of for Ferfornng arts". andlor Such ¢)¢her charSt8bl• purpgses as ihe Trustees in thw"r 8t4c4ut•d15uvtyon m•y d•t•mi.￿. Vl8lon. M6s•lon aNI Valua• Newport LIv8's m&sDn, Val￿ remw&l uThthang•J in 20rJ.24. - The Mlulcffl for Wort LTh* is... "Be thg PK+plè'¥ flrdt c*￿1c8 ILYsp)rt. hlsuro. cul¢ur• •nt•rtalnmont'. d•llv•rfrvJ Injplratlryffjl progrnmmv •rKI •v8nts: provldlng gfeat ¥alug. In hloh gu•IIty facllrtlu. •kllled ory1 wrthwl•*ic *taff ¢￿t cro•t• happlor and healthl¢r Ilv•s." The vision provths t￿ behav￿rn by W￿Ch New grrwyees. vduntsèrs Twste85 •NJ4O ¢ortvnunicat• with our cust¢¥rnrs and p#rtn8r5 continual b•sB. The Vl¥lon lor Nèwport LNe 1$. "1n$￿rtng People to b• Happl•r & HogttN• The valu•s of the b￿1￿18 ar•a th¢Me vJrenWo>*es •ach *d avery day aThJ with èvery cu$tthT*r •xper*nrA remiln Ai.. . Carln9 Innov•tfv• pa￿10nal• Ir•￿rIng T•am Publle Benel In settjrs and ct4e¢bws and r&nning actwtss lh• Tnts*e8 cjjnftrm Ih81 gavo, and wionue to gw8, careful conside￿￿"on to IhB Chanty Ciynmi$sDn g￿ra1 9utyjan￿ efj pu14c benefit and ils suP￿e[r￿ntsry public benefit guidance Newport Live c4Jnlinu88 to emt*x• thè ￿ of CLvnftwual praCts￿ to delNer sotyal outcomes and 9on8r8te Slgnificani scrtol valw fr*t￿ Nwort. ScAth Ea$lwa￿ aNI 8Fwfi¢cwfmuTht*swho sha￿ a S￿￿'r￿j or cultural InteFest thai ￿ ser¥e. prtclng Newport LNe's prioNJ Slralegy for Custo￿19 balarKes ehartsb* and cornmeroal r￿JeC￿¥t$. whilst remaining aligned to Fundin9 and Management ￿4￿er￿1 contractual w￿rements with our parkner NtrwF¥Jrt Cty C(KJncil. which irLlude pn0n1￿$ and oKess to seNKes aTrJ value for moTrey beiThJ key dn¥ers in 05t8￿￿hIrMj pwry. The policy ofacc4ss for all 1$ U￿￿e￿Inned by a range of payff*nt Meth￿1$ induding a.pay as you k*aV' phiknsophy for most %livities. rforman￿$ and serwc65 yo¥Ade. Futhwrnore, we offv a t(mpreh8nsNe sector*ading induswe"corKe$sionary" pricing offering discounts for qualfying resNlents as agreed wth ourpaflners Newport City Countsl. and funding partners where natbnal policiej ¥ppty- i￿￿tting NalKwl Exercise Rele￿al. F￿e Swimmiffj and ￿￿pIuS Inilialivès. Page 1 Report ￿ tl* Tr￿te4$ fortho Yoar EwKl8d 31 March 2024 EmbaddiThJ of th• Chairand Board chang1¥ Newport LNe's Chair of eoard of Tru$*e5 changed at Ihe Board meetsrg he￿ on IS March 2023 Founding Chair John Harrhy reiiTrd. and the then Vte Chair Kevin Ward wa5 sek8cled by Trustees lo take fftr tte of Chair ol Il* Board Our partner Newport City Courtil rnaintained its apkY)Inled Trnstees for the year to 31 March 2024 with Cllr Jason Hughes being replaced by Cllr Pal in May 2024 StephanN? Haz￿hur$t ￿lTrJ as a TrLLslee on 31 March 2024. and th15 meant that the￿ wa5 a vacancy on the Board The Boarf 15 cUrr￿uY ¢￿S￿n￿ the skilb. expei*nce, qualiti￿. gender and div8rsity required lo ￿llect the custonxrs and communrt￿s serv&J by the charity The Board created 8 new AtsAthisory P8r*l lo a bala￿ of strato9￿ 8rf5 8rn1 cylvral pth'cs lo the Board. The Arts Advisory Pan81 was recruited wilh the ￿aderSh￿ of Truslee Tumer who now chairs the Panel as the Board's expert in Ihis fidd Repiesentsiion from the Arts Counol ofWa*s. Ne%Ywt Cty and a large number of arbslic organisabons spanning th8 ￿rOth and breadth of the art61¢ corywnunity in Ihe city wa5 achieved 109Etherwilh key appointrnents Includir#J disability and tr4uality champons wilhin the sethr. TF* pand I￿ets in th8 5arr* chronWy a5 th8 80gra $ub4Jroup5 lor Finance and HR. and PR Mathebry C¢>m)6, feediry into the Board on a bi-mnthty basi$ Faclllt1è5 Operatod by N*wport Liv• The facilitps Newport Lwe ￿ primw to owrat• thrcwh ts Nv*wiCty Courol lur#JirvJ and manogmnt agr89￿￿￿t and 8Xtemal leasiw are currenuy a$ fd10￿.. Gerainl Thoma8 Naiional Vel￿r01￿ of Wales INISV) Regional Swimrniry Pool & N**port Tenn¢ INI Newport SIBdiurn INISVJ Actw Living Centr8 Rivfrrfronl The81r¢ & Art8 C•nb• Station ￿￿1￿81￿j & Acb"w Tra￿￿ Cyck SIorng• f*ilty Cennecl Cenv• (Newport YMCA) S•rv1¢•5 Dellvered dudng 2023-24 Newport LIV8 conbnue¢ 10 delwtr a very of 5P)rt. lewre. culbjrai and new serwc•s indLkJiThJ relumiNJ to the front Ina ofdelivgfifg ¢d￿t￿n lor yourvj Fwlfr within commWI seib.ros within Cty of N8wpryt. SeMce$ tslivered in 2023-24 incl￿e¢l.. Fxilty M•n8pm•nt & Cwabw• Sport. Physical Actmty & ￿lIbe1r8 proyn Theats, Arts & Cultural a¢lMlie$ Café. Bar & Food 5ervKes Health ImprovenEnl & lthllbèir#J a¢JMI*s School H￿￿8Y prograTr￿s Freg Swimmiry for 60+ Under 17,$. ￿￿n9 M￿l8ry P4rnon8¢ a V•tsrarK8 Evani PlanniTrJ, Cwdinatth aTrJ Dgh"%ery Interventions for NHS and Sooal Car• p8rtr￿rshl Theatre I￿1￿Ing the annugl RNerf¥ont Panlomyne a Spltsh Fg$tN4 Lwe MUSK. Concerts & Pr￿lUe￿O Arts CeNffj. Art GaI￿ry & Exh*Jrtioi Indoor & Outdoor MaJor Sportirg 8 Culbjral Events Commur￿ty Sport & Arts D•v•kn￿ent prc9r•nThi scho￿ based Sport kYogramft*s 'sability & Indusion proJranTrmes Elhnicalty ONerse Cormiunity EThJage￿￿t progr*nrntJ Earfy Years Phy5Kal Literacy Irainin9- Nur5enes. Ftyin9 Start & Sct*x48 Community based attemalive s￿￿lOry Educafr"on servi￿s- AspwB PosrtNe Futures Youth ErvJagernent & IndusiDn Prcgramn Coach. Volunleer Developft*ni & T¥aining progr￿￿e5 Sports Cl￿) SUFPOrt prograrnff Bool Ro¢)m a￿1 sports equipn*nt Lern1ryJ Lthry P482 R¢p)rt of fnste¢s lorthe Year EThJed 31 March 2024 Active Travel-'morwtr￿" Bums Comm$5pJn Behavi)ur Cha￿8 PrOgr￿n*. National EXer￿Se Referral Schen Cuporate Pamnt & CarBr. Ywro Carer& Respite kYC9ram Cwil Contingency SeMf*S- EN*rgew scena￿05 Key Partn￿N Kctivg Arts &Business Cymr u< active 0ryWD•d•u knrymal LEVELUNG T PLAYING RELD NEwpoRr allelcymru ty C'.I't..dwoh Iiiewn plan Believe In liildr*n Barnardos C:)Thru co1￿q Glvoirl GWENT NEWPO GIG h￿1 (￿cedd￿5 Cymru PublK Ne•hh Wales newport casnewyd allNSng for the replacemeni of Tratk Hurd￿S. High Jump bed(Iirg and covets ITh addition to r￿ wwthair anchor$ in the 5h¢tyul area. ￿1 of Y4hKh •nsun#g Ihat Newport SIBd¥Jm c4nbnues to provbJ• huh quality ath￿b￿ ￿rn￿tIt Th• Actiw Centre was also Ihi rnopiint ol a hwl. KnproTr&ing pool act*sit4'1ity for both ￿￿pOrt Uve cuslemèr$ bul also use by Il* s￿￿1 cWr•n who ust th8 FWI duriry Ihe daybme FdlNing on Irryn Ihe I￿0tre Ivahling wgr•aes dumg 202212023. Newport LIN* wor• ab￿ to work with the Carbon Reducbon Team ai Nèwport Qty Council and members of Arts CourKil olWak8s sepJrir9 an addiliw81 £30k to conlnue the work to Imw¢vè th• IKJhling at The Ri*rfronl Treat￿ The posrtNe Irrpacl not only th1o￿￿h Ihe roduclion in energy Ih8t the I l&hliry System use5. bul aL80 removitYJ tho need for rePL8￿￿OnI k8mp$ in ihe unrt$ A further Imprevement bnngs better qU8lily for the frAlow and moving sr*)ts at Ihè Rwerfronl. whKh ¢gn be con1roll￿ ffjrnctely from the tech box fe$ulllNJ In Ihts orMv81 of need lor a t¢¢Mwn lo be b8s•d on the br*$3es duiirg a Ferfomi8ne•. Th• Iwdhting systern in thg rn guditorium now offets an •xptr￿t* availab￿ to comp•￿$ In ENd thaatre$. A $ucce$sful application feffj £IW¢ lo Shared Pfc4penty Futsjiru SlatioTr via City CounLyI prowdèd a vital opportunity 1¢ rèv1St thè offer al Slation loknirffj its owing AcDrvJ upon customer feedba(*. improN*Mnis to thè changing facilit￿% were made Ihrov9h fv Iry$￿￿t￿>Th olchangiThJ cub￿¢$ In Ihe fema* chat¥JirwJ rr*)Tts. Connectimty and power Irwwnenl$ wère made whereby fulure NYwfin9 th& facility through the inslallalion of &(Idib"onal ort( and power cab￿5 ¢0 rreet Ihe requirements ol Ihe rewty-prttuffjd equpw￿nI We took the opportunity 10 iryrove the cuslorf*r eXp8nen￿ throwjh inslallats.on ol wirtU81 troimng ￿$1[￿￿￿. Introasing the numter of ￿61stanCe machines de-risking the Impact of rnainl•niry 12.year&J by reF4aciThJ muth ol the card*)vas¢ular eqUI￿ent ￿￿ted Iron Newport Centre. The lacility upgrgdes a159 knduded add￿OnI1 CCTV units inyovry c￿10￿￿ 8Th1 staff safety and Bddits"¢wl shodt bsorbenl noonr Carbon Reduction & S￿lain#t￿lIty Ca￿on and energy reduthcn planning with Nthwrt Cty CtsJnal"s Climate Change Team and the commitrnent tc Carbon Zèro 2030 Targets are a top Wiafity for Al prcgects were fundgj ty ￿Ing drfftmi availab￿ grants by the Carbon Reductron Te8m ai N￿port Cty CtyJn¢d aTrJ Ne*4Wt ￿. in 2023-24 indudld So&r PV inst811 durin9 Ihe $umrw of 202381 ts RwerfKffil. Work started in January 2024 to inslall Ekthvehide charg￿g ststiCffl5 al all three ￿lId1r9$ on the N6wpx)rt Intemat￿naI Sports VIlL9ge 5rte This inClu￿d evjht char9ern In eath of Ihree Ictations. These a￿ the Geraint Thom*5 mat￿nal Vek)drorne ofWaK8s. ihe Regional Pool a￿1 Tenni4 Centre aTrJ Ihe Newport Sladivm. Each ICKal￿Th has tlur last ¢har9ets rated at and four stsThJard thar9effs ai up to 22kw. Th8 install8kn8 were Pagè 5 Report of the Trustees forthe Year EThled 31 March 2024 completsd ttheen AwJu$i aryj ¢)kn aTrJ in Marth 2024 accourtsd for 1rJ olthè thargng u&e 8¢ross the C￿jn￿l.s raty whle ne￿ork ofcar rhargers. riThJ 2023 the Rewal Pool t￿effi1#￿ frDm the Kbst8lk8trDn 01￿0 redu￿ evaporation and Iherefore healing costs overnohl The TezthiThJ ￿ Is 20m x 7m aTrY was compkied first The main rthl wa5 cornmi55ioned several weeks later due lo varw ChaI￿r*￿e5 With the i￿#14U8￿0n. Both fvll 0￿￿￿Onal by Decwnbar 2023. Str8tsty¢ H•adllnBS for 20￿25 Newport Uv8'5 TrLMte8s Ngv• •staNi5hBd and 8ndorn￿ prlorrtl05 whbch Snclud• '. The cr•aben of 8 rw Newk¥XI LI￿ 5.year stsate9y a￿1 bLL*r￿S pkns that ¢¢￿tr￿le to snd cory)bm•nt d•vèloprÉnt of Plocemaking, cuttur￿ aTrJ SF￿rtIrfj stsateg& for th¢ City To Crea￿ as58t man8ggTr￿t and Inv•strnwt strateg*s for Ntr*￿rt LN8 cperated Iw1th5 aTrJ maximw grnnl fuThding to red8vgbp exL8lir4 41so1s ur*lwpin S￿18￿￿￿ty Oft￿ tharty. Host major sportirvj a￿fj (Jjllural evenls. 59¢unr9 fulur• ev•nt$ ￿n¢*￿ttly pwtN• opprytunibes forth8 city includng Team G8 pnN to Palis Olyrnpics 2024 Create 8 8UStsinaÈ49 9￿j grry*th Stra￿Y forts Aw"re El￿￿￿0￿ Prcgfarffl*. Cwekty) a bu*M55 lor Ihg ethtre and *tiit•irYd laciahty aThJ 89ree •ssod#t8d ond link•d Stratsg￿ for slotw wdlbeirrfd and the Cenv• tscl1￿'es. Conbnuè to ¢w4nunity ar￿ proqrwrrn to•neourag? p8rts"opabon and posib￿ chihahood 0xpe￿ne•S lor youn9 Fe¢)F4fr. Cenb'nuè *ilh major cartth reduci*)n 8nderwJy eff*J•nl proi•th Ind￿ fur*aing opportuni￿.•8 to F85tTrnd¢ chan9e. lfiemaae parWlh)n and •ngapThnt in welt¢ln9. #LINty Ihe art•. Grow wellbeing and cumural proaraw for re$￿ents. foojjiry ￿ *ffjllb•*ig, il health pre¥entKn and worklrg to delN•r ¥gainsl Re9ional ￿￿11t￿ng Plan 8 Ntrwport'5 L(￿1 COnb"n￿ the polrtwe paNner8h* *ith W City aThJ l)v•rng• the thantsbb, not ror profil orq8nffja￿.0n lor the benefrt of th• partMr5h In¢ieose sockgl wal￿ delNered Ihrowjh sport, arf and cutture lo re$￿entS of the city. making a r•al diffgTrnce to P•OF4o's Iwos, uP￿ding in Ihe IA*lt•"ry ofFuturn G**rabons Aci 2015. Newport Centre r¥plac•m•rtt The Newport Centre was sunendwtd by Newwt Lwe on 31 M#Tth 2023 and dld not fem part of Ihe operational oulcome$ for 2023.24. The ￿lIdIng was rnan•aed lor s￿ra1 w•oks inlo Apn"12023 beforn btirwJ offic*lly handod over lo the demolibon ¢ontraci In reium fer the earfy Surrender of Ihe Èase Wort L￿e Tntste¢s agreed to the Heads olTt￿$ for Ihe operati)n of8 leisure facility in the Crty Centre wilh Ne%￿rt City Couwl The Counul ha4t awarded a Contraa for the develop¥mgnt ofthe lacility whKh ￿ due ￿ L* Ajthumn 2026. P*Je 6 Nwport Llve Report ofthe Trustees fori1* Year 31 March 2024 Statlon The OK*ning of StalKn h&8 t￿ltsve in lerrns 01m￿tsh￿ gr￿￿￿ but also Wmjen￿ the demo9raphic ofcur membership base The Sing￿ use luncbon of k8d to Ihe intr￿JL￿1scfi of 8 StatK>n Only TrErrthr5hip in 4Jril 23, txduding access to other Newport LNe $i*S ar¥J berfjfits suth as S￿mi￿j and rwL*iSPCrfts. Attendpnc4 al Statth for2023-24 ty grw.. Age Group AtterhdaiKe JunKirs 18-25 2&35 3645 4&55 85 Ovef 65 Tot 29.824 33.733 60.459 81.057 68,934 62,536 57.820 15% 15.10 11.25-y•8r-obJs are rePresen￿d in Slalh)Th more Ihan ac¥os5 olher facdrt*s makirva up 17% olth• u58r compor&a 1¢ only 13% al the Nthvport 1n1em8￿On8I Sports Vdkg8'S V8nou$ gym faulrt*s. Stslion has Changes to th• group exgrw b"rr•tabl• to Mana￿ t￿ r)M￿￿'r¥j d•m¥n(ls that a mixed swce provth8 OFen Fdan nature of Ibe faulity d¢xsn'l noi prrNide the rThxl co￿￿U¢￿ space to ¢oh8brtatron with several ¢las$es being rebcated lo the R￿rfrOnt The 9roup ex6rcKse IimBlat* operated at an annual average of 43% o¢cupancy how•vtr. inprwTh*rst8 80 t*ry mB(le. Thg InlroduetK)n ol Slation Bik¢ Siorap has provhY8d a se(wre travel cptyc*n for tustorÉrs, ?￿rredatIng 43 users 8L¥os$ over470 u5ayes from Seplemt•t10 March Incremental growth conbnued which tan be attr*ub# to the awarenos$ raised thnjgh mathgb.ro 8￿j our M¢Thn￿rn actw trw41 SiatKJn has hen the r•cip*rt ofShar•J Proswnty FvfyJingtwhK* h•$ en*k•a Ihe pr￿Uren￿lft1 ofadditional resbtsne• And rdiov8scularequ1pr￿nt %%fieretriy n￿etsfig the ne8ds ol our ￿￿èer5 bul ￿Utsng the nsks of op8rabng and rn8intOining equiprntnt relcroted tr￿n Newport Centr¢ ca￿111 IrN•s¢ment wa$ also al¥n•J lo Irrprovements n tsJ8lomei charyire roo￿. gym fy)oriry but also inu#a5iry Fwr and nohvork ccThmunK8tions •rd srte swjnty wrth ènhanced and proved CCTV C￿ra98. Actlve Trav•1 8•h•viow chwnge pro9r•n¥￿•- Momoni*Yn Newport LNe wa$ c(Mnmissioned in January 2023 by Neww City C￿n￿l 10 ￿n¢t the dtsvek)p￿nt of 8 new ackn. travel behaviour change programn*. Thè Burns CL4Trrrnssity) via ￿￿5h •nd Tr8n8porl for Wales prtsvhle the fvrx1in9 enat)ling us lo eSts￿l$h behaviour chaTrJe measures In and around If* Newwt area Ineludirg. wothplace travel plannin9lem Joyer errfJa3erneni. adult CYC￿ s*IlL5 & m?In*n8nce tra￿1r￿j and s0¢4al prescnbin9 of a¢bva ¢ra¥81. The Inibal e months ol kne proieci Ind￿ plannin9 and prO￿rOrr*r￿ ol Ly¢Jirg e0ulw￿nl. ￿￿e5 and e-bik•s for the en948ment. Recruitrnent of a nw4rf delivery learn lo delNe( Ihe proj•cl had cL￿n￿d ai It￿ end of Ihe year. The"Mom?nhTh" (Acts￿ Tra¥ell prcgraN*me e518￿15hed a re￿lyk oldèthry oppulunit*s whereby eng8glng with reS￿￿ents and errWcyer5 acYo$$ the cty. RecNthnent ol thè delNery team Inclwled fourfull lffre po$rtW￿s. en8￿￿9 them 10 focus on a two-year delivery plan. The programmo has been subsecito stalf turnover with Intemal prcrnotion of of￿ of Ihe engagern2nt offters 10 programme managBr resullir*J in Ihe apryjinlrnent ol r*w Engag￿￿nt olfi￿r$ beiNJ rThade before yearetKI. The pregramTh* establtshed a 5trNg wortiry ￿¥t￿ShiP wlh several key empWTr Suth as Office of National Statistics. Intellectua￿ Prtyerty Office, Ne￿pOrt Cty Counol. Nvwport Crty HO￿￿ and sws dubs In¢1￿11ng Oragons Rugby FoothÈl Club. Delivery 5tr8nds within prryJrarThme coThbnuwJ thwhout Iha year en$Ltrnffj alurrfnent 1¢ ¢usiom8r need. Brand Page 7 fry the Year ETrJed 31 Mar¢h 2024 awareness and conynunty engagement the key arpas ofde%ek¢)mentwth 15C#) ersaging Wrth the programrne dunn9 the year. In Septern￿r we launched Slalion Bike siorage wovidiry the uty wilh an acc*ss&le and Secure facility in whKh tr) rAqrk your bike lknr470 usaps agoss over 40 usw5 wert ￿co[lIed during qljarter 3 4. One of Ihe key do¥*k)k￿ent area5 was Ihe ￿np￿n￿tO￿.on of the waYKing r￿ts¥0rk fnjm Ihe Rwerfront prowding ea5Iy a￿$s1b* low intensity actimty. Inib"al erKJagett*nl wa5 I￿. January to March s* grtrwlh and eny8gerrtsnt A$Wr• Programm• The Aspire allematy¥e educalon prcgrarnr* was tendered fty a￿1 by Newport Live from Ne%Yport City Council's preVen￿On & Inclusion Depatheni In August 2023. Set up the TUPE tran5fBr of four A&pir¢ Youth Workers Irom Iho Youth SeN¢e. The 2-year contract lo NwFort Li%e Is fundtyj thr￿gh F?￿11￿ First and SPF funding str•awA, a5 well 8$ 8 onlribub.on Irom •ach partaP8lir*J hvJh schrd, these being John Frost. LLqnwem. and UL8werry Aw're eonsKsts of 36 puwl plxements lorscws 10 inb). 12 plxe$ Fer schoc4. and in total 48 pupiL8 across Yg8r 10 and 11 were 8nrolled on the yo9ramme t*Nveen Seplernber 2023 and July 2024 using the 36 plac*5 availab48 In its first academic year wilh Newport Live, As￿re has t¢en iewtsltsed athy kèy irrFro%*ments have teen made 10 the pragrammj. •lafflng structu￿. outcorrtss rep￿*#. an(1 tm rd¥b0￿hI) t•8rn havg ￿ schod whir knad•rship t•ams. *d￿atiOn, mulll-agency partner5. aTrJ the cwmunty Aw're puwl 8ttend8nce incr¢•s&l by 21%. basod the y￿¢$ perfomMnc• data yovthd by Ngwpryt Cty Courol. Aspire pupils ￿re oniewd lor 71 GCSES IAQI ￿1h ENJlL8h ar￿ Math5 bBiThJ SUPPQrted In Aspi￿ by teacher$ IrrNn eoch school 137 addbtional qualrfKa￿s wore been achie%*d thrO￿h Pmces Tr￿1, HYJhfekls, sw￿1, and P4or#d Cymru All ol t￿ wpils %vho Aswre ITh July 24, have onio 8 rexl Steps pfogFar¢Y￿. al colÈ9e orwilh a training provkJ8r. Ond Ikerelore are rKst part ol Ihe NEET I￿1 In •rnph)yrr*nt or e<￿￿tKIn gro￿ olyoun9 Ptopl•i. a key succ8$$ asurt for Ihp Wre kyoqrwnrw lo t• Itrf. Connect Contre The cen￿¢1 Cenlre ¢￿ts"n￿d io to w￿1C1ty to lerf¥*cnrily hou58 Sl Andr8w'$ Pnmary SCWI Th• 1o¢11ity was du810 r•turn lo tn Juty 2024 t￿1 has $th0ou•nlty teon extgnded 10 March 2025 where 8 b￿ak clause in the 10 yaar ￿ase has bggn In9JeiwY and th• property du8 to return lo c)￿rf1 YMCA on tho 31 March 2025 8$ Newport LNe do not ha￿? $usl8in•bl• busin•u fortt* fxlty. Rlv•rtront Theatre and Art• C•ntr• The Riwrfronl has contsnuéd 10 irrpkntarts aThJ cultur* ￿5¥ the mpny arb$bc 9enw 1$ youd lo reach aw1*nces and ery8ge 8L¥w South Wa*s •ThJ beY￿d an kn Coun￿1 ofW8les Arts PorYolK) WA￿1 organisatson Th• Ri￿rfront rJJrrenlty offers the onty publ￿ tsnema in Newport'$ oty ¢entre. Seeks ¢0 ensurè cinema 18 occ4ssIb￿ and affordablb. Sèvèral important projects were vThl•rtak•n dunry the year. ￿¢1￿)ITha Ihe mportani OFPOrtunity to join thg Crgabve Indu$td•s Clu$ler Hubs ICICHI bec4use of a successlul 9r8nlawanl of £50k. which Nvwp)rt Lwe were please# to be ore ol th& partn8r¥hip 8tskehothTr. Newport Live has eents.nwd to charnpKn susiainabltty. a part￿tshP aFproach In¢l￿)Ir9 Nwort City Counol and Arts Covnol ofwath has 5wPC￿d irrproktments to the Iwjhbfig InfrastnJcturg¥¢ross Its Riverfroni. fftduding public aTrJ b8ck5tage areas a$ well as Ihe al￿1t0￿￿JM ilsetf The wcrt will also conbnue to irnprove the 5U51ainabilty of the theatre with irnprovemenl$ haviNJ tthn made to the ¥￿tIlat￿Tr. The R￿errr￿1 a￿ continuir¥J lo work with ott*r ￿1$h venues and were pkose# to Th& lthlsh Thtatre aTrJ ts Clxnole Cw e5￿1, ￿lj cm 12 Juty 2023. Dufing Iheyear the new Iheatre tK*etiThJ m8n&aen*ni sofvare TKke1So￿ was imWerw)ied. offenng improvermn15 to Ihe ticket purcha54ng PFocess lorwr ¢v$t(xmers. digiial 3nd LwJ51n2ss rnana9ement and elficiew b8nèfi15 for Newport Live. The platfom offers the opportunity to abo nwnagt Rwtrf¥onte¥ents as *ell as tw aLy0$5 N￿POrt LNes wid&r portlolio and Ihose that are city w￿e Amongst a vast nuffb•rof Prqects ¢hatwere andd&h￿rea dunng Ihe year￿￿ Bg $￿a$h Fesiryal. WTharu$h Canbbean Film Feslwal. Bitcoin Bc¥. Culbvate. R3a and Dance based classe$ have moved lo the R￿rfrOnt Negab've feedback has been ￿e1Ved due to Ihe ¢hal*NJ&s wth av8iLqble car parkin9. h(Mever NewF¥Jrt LNe are constanlly Seeking solulicns to this wllh the aim olrnducing bar11e￿ to porbopgtwjn. The Gcx)d8oo$t wwamrne ha5 toa further partr*rship wrth Aneunn Bevan UnDietsity Heatth Board'5 IA8UHBI Muscu￿r Skt*lal Physiothewy Deportft*ni WOvKj￿g 3 6-rronlh Feriod. whereby hosbry we or FQ51-OFerabve paI￿nts for physiotherapy in a (k-medralffjed $dtiNJ. Th•suco55 of Ihrs ￿LAted in th• partnwship continuing into 24.25. Newport LNe *ere able to SUkWOrt pr85enlators lo AJlhnb$ arkl Community Leisure UK on Nffivport Livtr'5 approach to the SO￿lB￿st prograrTTh. these were posrtNety recwved. Suppcrft 8TrJ guNJa￿e have teen prov￿Jed lo se¥eral P*9 Report crf Tnotets lorth• Yèar Ended 31 IAareh 2024 organE8tron5 as tw tw"n tts joun*y Ofint￿alry Ih8 pfcgTanYne into tsir offeriThJ inthding Ihe Muscular Sckross group for N8WWt. Cy¢llng Ne%vptyt Lwe sU￿ssIU1ty laun{*￿1 the Cymnjvelts TT3c* Cup in Novamber 2023, in ￿lebration of the 20th Anniversary of the Gerainl Thomas National Velfx1ron￿ of Wa￿. this was In partnershp with Ihe narnBd 8eiio Cymru The aim 6 for this to t* 8n annual event. hm¥er ewntthJe8 resutt m 8 swJThThlcant financ431 Prdswre that the Trath Cydifig Team will Seek innovatNe ways to delNer. AlongsK1e the CymwVek¢ Tr￿ Cup ￿11 be a Ser￿ offfig￿Tren1 e¥ents au0￿ the city to furtP*r•rKourage your¥J peop￿ to engage with ￿ $k¥)rt olcyding. The benefits of h8Tr&irg a nL*mber tsf Spa￿ avaiLq￿ to us ¥ross ts City dL*S ai%0 rrnan Ihal eThJ8gemenl events happen ai bcatws outsth of the St￿ts Vdlage, IhK5 inc￿d￿ Parks and green sparns. Newport L￿e hosted thè Youlh Junior Tra(* chomp￿n￿"p$. 8 **ek-kny e¥*nt ￿ld duriry Juty 2023. this evanl r88uIts n a hugdy posrtNe impact a(X0￿ the •. not at th• G*aint T1￿5 VeloJrcvw. 81$0 acrots tOUri5m and Ihe IL￿1 N8WPOrt LN¢'$ Chih*ens CycliNJ PrC#3MTh￿ ￿1￿￿?8 Io F¢rform woll. with knrrmng iryortsnl lrfe skill tsf ￿Ing 8b*e The suiws el IFk• Ntwport ￿15 fcrfAI Pro9rarmie conbnues to devdcg *)th ￿ se$6KJn per week avaiLabl8 10 the publi along$￿8 8 nurn￿r 016essim$ ¢reaknl in partn•r5hipwth Mae5 Ebty* SpecKql Schtsj Serennu Céntre T8nnl• Import8nl lo resurtactr ts Indoor Tennis Centre courts **ni a￿ad durirya th8 penr*J, which meant Ihal Newport Live were ?ble io providè An excel￿nt playir%J surfxe and enwirMm•ni in the aty parlvp8tsThJ with Ihe $l￿rt of i#nni5. prgjecl ncluded th• r•F4ac*Thnt cl the backdrop surrouNJs and I￿h11r￿j In the Tennis Centre Tr tentre ￿ets the LTA requirements, ensurng cornplon￿ wrth the IMI of 6¥*nt that Li¥* are ab* to host courts were officially ep•n•d by Counclbr Oob Harvey on 28 Ctbb•r 2023 folb*Ar¥J a rgrg? of taster ￿$s￿+n8. Th? Tennks Team underteok tho annual ro•J8hryrf pnmary schtrJLs ￿ the cty. wrth ￿r 2.rfv) chiKlrnn er&apd. prov*ing 8 tastef session. and synposbr*J them mto an eveni 81 Ihv Tennv6 Centr8 o¥er the of a week•nd. Thi5 offers • p8thw8y into th• Nl'rm and jun￿ Pr(#3rwffl*s. Newpffi Lw• ￿fjrked dosdy with Cty Council afvj TènThs Wales to a ¢o¥th&J pro9ramrr* offer for the 5 newly refU￿lS￿￿ outdoor cowts at Tredegar Park. thi% ¢ an irtwrtani at*lilb)n to th• progranTh and see$ the engag&m•nt bro*Jen lo th•tA•St s*Y• of tr* tsty. Ne%vwt Lwe ￿)rked wilh Tènnis ￿ts188 lo estswffjh t￿ centye as an LTA￿eekh￿r Tenni$ DeNe1￿ment C•nir•. The progrAmmè offKially launcw In 2023. and is b•ing ty Ihe NalK)nal Cooch. Thi* i$ 8 gre81 adc*'tion tg ¥n alte8dy hKJh-quality indusNe y¢>arnmn*. (tn1￿ akn hosted Be5SKsns by one ol the UKS ￿￿1r￿j wh*kh8ir ¢oacl prov#Jing an Inspiralional paihway for ptscFlt accessmg the ￿ntre NewpNt L￿*.$ T•nnra Manapr atso hostirg Ihe Lexus Int•r[￿t￿)￿I JuTh*)r ITF Corkwlrtion at thè Newport Tern Centre This wa$ the fiT51 iryttmation81 Tenrws Eveni whth fan ILY a dur￿ May 2023. ¥ttrac*"r9 120 competstors frern Hong Kory. 1Th1R. Sirgzpor?, USA. IrelaTrJ. Gennany and Spain. Communlty Sport & W•lb•lng Work acro$$ o)mmuni¢Es. earfy year5 setbThJs. schools. park$ aTh1 open S￿￿5 lake5 PL9￿ daily wrth high *ls ol engagement and supwfl beir¥J gwort to trikjren. ywThJ Pe￿￿. and famtl*s Th• impact ofthLS work by Newport Live supports servte areas a¢￿S a rarMJe of partners Includin9 Newport Cty Counul. G￿fit P￿￿￿. thurin Bevan Univ8r511y Heatth Board, and the third sector Is g￿aty valued and the mpact hugety imp¢Jrt2nt Sport Wakn fund￿ p￿aro[byr￿s ofwork wrth nuTSW￿5. Start setbr¥J$. primary sthods, And $8corfary school$. a$ well as SPOrt5 dubs. L8 of a high siaNJard. parthjpats.on are $trors. funoiry inlo NeW￿rt fcr clubs and groups as well as school$ is Increasing which In tum sjpports Ihe mtKoven*nt ol spa￿5 and environrrÉnts 1¢ play and partiupale in sport aNJ physul aClNity. Pa9e 10 epDrt ol the Tn81••s lorthe Year Erylod 31 March 2024 Work with NewK¥)rt Cty CwrK41$ EdLtati￿ Cwartmeni ha5 to Newport Lrytr ￿ed1￿j on the creation of cluster-bas& health 8Th1 Wellbei￿ teacherand s¢hod grtyjps. linked to the developft*ni ofthe nev+ (xJrTr¢ulum al￿ area of ￿arnIng ¢xper*nce for weNbein9. Wthin Ihese or9arlls&J Scho￿ stsff aTrJ parthefs work legather. Sha￿ experial￿$ and resources, and re￿Ne trainiThJ forexamr* in ￿INenThj sport PE indusNtty, IhTough LI￿.5 Di58bility Indusion rraining. N8WPOrt Live have progre88ed to insport Gold as ofthe natirmaty reccgnised awafd with LIs8ts1ty SpOrtWa￿S. Newport the first local aulhLYty area in Wales lo aclwe this, meanirvJ our approaches and Ih8t of our partners In delivenng sport and physical actsvty Incluswety Is hHJhty feg8rdwJ nat￿naly. Re¢(4n1t￿n spec1fi¢ally of our staff In kisur and art5 iaality'es, In ￿h￿L8 and Communit￿$, and our partI￿rshipS wlh soch81 $eNtes, and health has been P0511iv¢ throughout the award arK% recognit￿n pro￿9 ovei many years IhrL)ugh Ritthn. Bro)ze, Siwr and nLYw Go￿. Posrtive Futuits 15 8 youth and sport programwe hJrhYed by the Office of the Gwent Pdict and Crime Commissioner, which uses $port. physKal acD"Mty, and MUSK to as an engagernenl t(K>l10 inspiTB chihyren young people at nsk of exploitat￿n, ¢rime and anli-swal b&hawou￿, and Invdvemnt In the cnminal I￿1￿0 system. This prcgramrre 1$ embedded Into MUl￿- agency groups working dosely with col*agues frorn N*rfrfpon cty Cwnul's Ywih Jusbce Servte. Youth Sem￿, Pfevenliens. CNldren'$ servi￿s, and Edutaiion Links to UK yeuth aTrJ spon for deVe￿￿Then1 partners and ne￿orkS ha$ brought aboul wojects In Newport suth a5 Levelknry tho Playing Fiekl. whth became a key p'ec8 ofwoth In Newport 8round dispropo￿0￿alIlY n the cnminal Iu51Ke system IreAn young pecpk from ethnullydi%erse communitss Posib'¥8 Future$ work Includes community open a￿55 youth p￿ecIs. er4J¥Jes 3LKI young peopkn a In a￿8$ of high poverty, as well a$ ow lo one referred y(XJng peopk support and ￿￿ti￿d group Interventions wrth yours ￿ople This wo reaches thc68 young peop￿ xross wr (t)mmuniti8s ¥th) would not 1radrt￿nalty eng•Je wilh N8WPOrt Live pro9ramm6s and 6ar¥ice5, Wllhin its vènuas, but 1$ Se￿￿408dln9 In rgrwfjg bnrs to Pafbcvkn, ¥TrJ ￿0¥91￿9 y￿r￿j peop* and provwjirg them with a voice from our tunmunit¢s. Specffic One￿tt Piogfammes, •vents u hc4KJay xtwib8s ¥re ￿et￿r￿ fwlib6S or ¢knm￿nI1￿$ by Ntrwport Live8 Comrnunty Sport & Welltèiw leam IndudiNJ OFerabon Bary wilh C£￿Munity safety Part￿rS en90gin9 young people In communit￿5 at an1140oal behamour peTh)ds. Welty Walking ftsr parents 8ThJ fami￿8$ with young chtklren supportir physical Iiierow. Gits Tak80¥81 8¢tsvrt￿ lor leenagg 9irts to ioualise twlher. ty sporL an# be 8¢b￿ 85 a group, fooiball, rugby, and basketball spots carnps. Sport In the Part mss parb¢pabon lamily days oul on p8rk5 aTrJ green spac•s. OvgNl•w ol IbnawKlal porforniancè for y••r•rKl•d 31 IA•rch 2024 N8wport Live reported an 0￿ra11 defiol of £48.70712023" surplusof £7,933.0511 The undertyirq p*lom8nc4 of business. excludiry Ihe adjustry￿15 for the Local G￿rnr￿1 Por6icffi Sctsrne ILGPSI resultod In a dèficit of £48,707 12023. £1.498.9491 This is mode up ol unreslncled deTKIl cl £1.37912023 dèficit of £1.402.64518nd a re$tncl6d dofithl of £47.32812023. £96.3041 As reported In note 12 to thè finarwl ststemenb. a pror year adjustment ha$ teen mad8 to re51n¢l the pen510n assgt In ts ctKnparatNe balanc* sheet to £nil. as it ts noiconsthred ro￿verable through eilh8r r8fund8 or rea￿d fulure conlnbutyons In the plan. Tl* ￿￿tir￿j entsps have impact th8 finorrfial F•rfo￿￿¢¢ refer•rt8d here. Ont• again. donat￿n$ ￿98c￿ a￿ made up of the ofthe k)rth• la￿1￿￿ and not￿￿1 fyntsl costs incurred by Newport Lwti Ihal Bre bor￿ by Newport Cty Council Inveslmtnt incoffe Includes rtntsls reCe￿d aCc￿￿K*j￿￿)fi io Ihird parb"e8 and Newport Cty Coundf8 Educabon Oepartment where th• c¢￿r￿Cl Cent￿ in Piltyenlty ty currently used 1o1orrporarity house part ol St Andrev+'$ Primary S¢hool. AL*0 induded 6 In￿$¢ rKew8bk cffi b8nk dEposIts made dunng the pewd Incerre from ¢hariiaN• 8cINi* tola1￿j £8.724.22312023. £9.171.$991 as fdltr*5'. 2024 2023 £000 5.490 Operniknn of SFrt LeL8ur•, Art8 & Culturnl actlvllle$ Mana m•nt Fe85 Grant$ S.521 Totsl 8.724 Page 11 R•port of the Tru5tee5 forthe Year ErKled 31 March 2024 Managewt Fees ￿thJeed sonrfKanty in 2024 wth a CourKa appr￿1 txxlget elf￿r￿ of a 10% resu￿ng in a £217k cut. Overall expeTh1ItU￿ total*d £11.147,321 in year ended 31 March 202412023." t12.￿.￿21. siaffiro costs remains the kgryesi cost bome by Newrt Li¥9 as rt$UFPQrt•J ts ¢XdwL￿dUnrvd ¢)rwir¥J c05t of IIMng cri￿. Staff coststotal £5.961.03512023.£7,132.1331 Newport LNe mad¢ a fvther pay award durbrvj th• yearto 31 Marth 2￿4 88 r¢fer¢nt* in more detailwithin EMF4)￿•$ sectyon la*r In thi5 report Yvr Tot*1 F•• EOOI 1181 2022-23 202344 5.316 5,740 1046 1366 8.973 .9% +7.Y R•$orv8s pollcy The Newpert LNe 8oard are •31￿ Ihat a reasw•bkn thl of uArestrKtsd noTh408ignalgd reser¥es * required of ￿N￿••n £600.WQ and £800.ocKJ for folbwing r8a50rs". To absorti short.iem sethscks such a5 kjss ￿delay9 ￿ I￿￿1￿ ¥ThY unlwwon exp•fvJitsJrn requirernents To fin8nc* wel*1￿ capital n8eds. Such as d81ays in rK4ipts and to fvnd th• anybmè ￿e￿y8 tehv88n devebpiry projects, obiainin9 Approval aTrJ fvnds receNed To eov•f th• wothing captsl required lo fuTrJ t*niry tyrfferen￿ betdwn ewndilure 8TrJ r8C8Pt offun#s To eo¥•r th8 tosl of inw5tsThJ in slaff trainiThJ and **velow*ni 10 iftwrov• sfftes End effick?rw gf Ihe c¢Ynp)ny and to hèlp relain profesSh￿al empkjyees To cover the captal and reN*nue dd•vtkpir#J and ex￿1￿￿ To allw for ￿anni￿ ￿veStrI￿nts Of$imiLgr In￿lments To allN for wchc4 main￿￿¢8 expendibjre lor whKh Nwort ¥n ob*ab"on undw prowrty KryaJg¥ 8n(I I propety rn•intenanc• m•irpx agrry•ry￿nl wrth Newpjrtcity Council TM 8o8rd has also agreed ts ¢reoty￿ of Ihe fdkxing unresinthd dèsKjnai￿ r85eN¢s.' £1￿.000 to be used Ihe costs 8s$00gied wdh organisaiional rnstrucluring £154.000 to be used for Ihe fJ)sts as$ooaied wilh It* undertakirMJ of feasibility stud*$ lo ascertain th• and environnwnt need$ reou¥ed to pLace tho t¥J51Mss al Ihe ILvefront of 5$r￿ prowsth t)r th• fulurn. £962.308 to be used lor th8 main*nanc• and de¥e1cP￿*nI of Newpvrt Liw's esla* ¢3ov•rMnc• and Rlsk ltsnaBom•n¢ A￿￿1911r* Govoman Newport Live Ts ¥ ¢orrFany lrnrted ty guarantee and a rn>steffjd charity. and B governed try its Artick8s olAssociation, established on tts 24th Novemt)er 2014, •ThJ conwncthj tradmg on I WI 2015 wlh a portlolK) of five kni$ur• faulilias and one performing arts Iheatre. In the eveni IY N￿l￿rt LN• b•ing wtyjnd w. M8miern are e¥h wu¢reil to Contr￿ 8n 4mtyJnt exceedirg £1. The embers compn$• the MeTrnraTrJum. tl* Tw$lg88 Nw*port C¢¥ c￿nts1 iai a COr￿vrate br>Jyl. Recrultment and appoOntm¢rt ol r•wtru•lo•S Unless othewise deternined by LNe. the Board lhal eofi￿t olat18ast Ihfee an(1 MO￿ than •￿V#n indwhluals mpnsed as follow$ - up to Newport Cty Council (Local Aulhorityl T￿￿tee8., orbd . Up 10 nim Ccffjmunity Tw5tees Community Trustees shall at all lirms be in Ihe Maff￿ty The Cty Counal Trustees are nominated by the Council who abo determine Iheir perityj of appoinlmwt. In seledThJ the Trustees. the Board shall consider the skills and expertiye required of all Tfusiees to coninbul• to Ihe suc¢0s5 of Nt*F*Xt LK and. any skims thniffkgj from lirr to time by the Board The TrtL8iees are all fepresentsb'vos ol Ixal ccffluThty and bmg a w￿l1h of exk*rience. skills and •xFQrt￿e to Ihe eharity with re￿esenta￿"VeS from Mealth. Hrxjsry. 8￿1r*S8. Finafi￿. Lttsl Go¥emm2nL Charty. Edu¢8ltfi. Comrnunity Organi5ation5. aTrJ Ihe Vdunlary Se￿￿. Page 12 Report cl the Tr￿lee5 for thè Y¢at Et*Jed 31 March 2024 (Xjring 2023-24 Newport Cty Countsl rroiniained both Qlr F¢Thy and Cltr Hugh8s wlh th8 Lqtter repL8C8d by Cl* Drewett in May 2024. All trustees receive trwnmg and on-goir¥J infomKab"on wrth regard (¥gantsation indudiw its PLwers and 048cts, arn1 their duties and resp(fft$ibilibes to Ihe Charrtable Company Ofganl•aUon81 stryKtur• The E¥eculiv8 Team rnainla4n the resFon&tslity for day to day business ￿adership 8nd operab.onal deltiiery of Newport Live ¢perat￿n81 aThY admini51rabve sem￿. Thg Executs*e Team B ¢*alknged and guNJed with strategt kadership and direction frorn the board of Trustee$ Ilhe Board) regardsng Ihe prow$ion and {vrati￿ of the servic*s. The Board durirYJ tho yaar cre8ted and recruited to t￿ Advsw Grcmjp Arts aThJ Cutture to irKyease Strategt InsKJhl that trTre Arts can have. and we shwld seek to doli%*r. alignirvJ to thè kty objvtw agre•d with th8 Arts Cwnc41 of W8185 The Beard cf Truslee5 ccfjlin￿￿ to meet on a trt-rnnlhty bass wth Ihg S*1-GrLMJrffj meetbig In the Intervening monlhs.Th6 Arb and Culture AdvEory Par*1 leslablished m 2023-20241 mel re9ularty thro￿jhoUt the yearwith thi8 panel provldhg profess￿n81 Jwport and adv￿4 al a strote9￿ and Operat*￿91 leW 81 •Ad wtth wuired. Employ088 an¢1 ernpioyw •9a9whent Newport Livo shafys Informatffi on its strategic and cper8ttrJnal and c4edNes. Fwfomwnce and kw pgrfomiance Indicators status through rBguL8r meetings inVo￿￿j T￿￿t¥S aThd twr em￿OyeeS Newport Live ￿MaInS commthd to lh• principle ofdiversty and i￿1￿10n regard￿ of •3e. goThJ¢r. dhnicity. race, di58bility. relwJK)n. gender reassignment or 88xual or￿latiOn Thes8 pnnuples Bre retscbj in ￿¥?.$ ¥Fwoach to the recnjthnt. devel¢)pmeni 8nd I promotion ¢f INslw8 a￿1 employees Sala￿ of ts tharity'$ key managenk•nt wrsonnèl ar• rèvi&w•d ragularty Bnd benchm•rk•d 4galpAt olhor ¢)per4bng in S•Ct¢. Néwpert LN•, b•ir¢ 8 not for profil and a regr61ered charity. ha5 8 lègal lo man4¢ its fingnc*$ respon6ibly ano sel SU5tBinab￿ b￿get5 for luture Nvwrt LN¢ 8ppreg0195 ond valws its Workfor￿ 18 8w8re of financial pressures bw'ng fawl by in#NkYv¥b ¥nd f¥mil*• ow4 cost ol liwing crtty. Throughout our8 years ol trading, ha$ maintsined18vds of r•rnuMrniion to a standard that is Affordab￿ to the £honty. rwnunerabon $wports the releft￿)n ol$taff 8ThJ seeks 10 support our •nplty•è$ lo Iwe an afftsrdÈble lrfe. In 2023-24 th8 incm Ircm the rnan3geTrnnt p8hJ lo LNe by Newt Cty coul￿11 wa$ reduc¥(l as a C￿1 pressure and budg•t $aving approved by the Counal. fee paby by £217k. a year on year rg¢udion of 10% The annu•l r8t8 of inflation ICPII as olAug￿l 2024 ¥tood at 2 5% The Lmng Wgje Foundat￿n.$ Real Liwry of £10 90 WAS app1ie¢J frvm 1 Apnl 2023 c￿mil￿1 to aitraclng rethiniNJ gre8t tdl•agu•s and in $88king 1¢ maintain a happy and health￿ work1w￿, th? wy at Ihe $tsrtof2ff23-2tr24 w8$ 3% conDnue to offer staff ben•fits iuch as Fin81 Saigry L(￿1 Govemtréni Perrtlon Sch8ffl• cy•rnt•d by Torf8•n c￿nty Borwh CtyJrKil wh￿h AS An employer we pay • 15 2% ctrltrit￿th￿)rt Fre¢ H¢a#h and WeMtein9 Meml)ershp fof p¥mo￿nIc0fttr•CI￿j lul 8TrJ port tim• co1￿9 ci$¢ounts for alowl0￿1 & b•%*r4• Free unwown GerwoLB annual Rlsk marw•ni The Twsiees Con￿n￿ to ha￿ a duty to thbty ar￿ r•v*w ￿kS to wh￿th tharity is •xpcwd and lo ènsure 8PPfopriale controli are in p￿c• to rnaSon￿￿ 8sswarK• 4gYAnsi fraud And èrror. The Trustees wJ8l*J thw"r r*k marbBggnwt8tr8tegy in 2023-24, ar¥J re9￿ty thi8 th1O￿￿ul 2023-24 ensuring that there 8r¢' Regular Board 8Tr1 assocoteil Board s￿ remvs ol the prirwl roks and unc•rtainii•s that N•*port Live may tncount8r. establishnwnt arnl l•iiely of p(thc￿ aThJ k¥oc¢dures in L¥deTtts mibgats any risk5 ￿entifi•d. The impkmentaben of kwoCedU￿ dewgwj ￿ mrt¥Ja* ar#J manaptr suth rtsks Ih8y rnateriali58. Page 13 P*wport Live Report Tru5te85 lorthè Year ETrJed 31 March 2024 The Trustees ¢yJnlinue to kyenbfy swJnrfKant ri5k5 tothe tAl￿re$S A nuft*er rernain constant and these indude". The develOp￿￿nI of Ihe ￿lsure faulity. a$s￿l81ed de$bJn. bU5r￿SS plan transitional plary5 that the charty has bxited the Newport Cent￿, opened the Stabon irbterirn facihty and transitio￿￿ into new facility withoutieop8rdisirKJ the rall Nvwport LNe ¢h8rity. E88enbal capitsl inb*trn8nl irtts Ihe assets by via thg fun(liThJ n*na98n￿ryt agrèeTr*nl and associated lezse5. The n••d fcf 8 5UCC8881￿ planning $tralegy Exttu￿ Team rr*B a￿1 a dtr8$￿rtt PBthway for gfftgd and lalentsd managers ar￿ ofthe lutuTr. Strat•glc r•port Structure, g￿ernar￿• and m•n•0•m•nt Governlng docurnenl charity is cr)ntrolk(I by ￿ go¥*miNJ deers of Opinlon We have audited Ihe financkql S￿*Ments of Newpjrt lts'charrt*)Je cL¥npanll lor Ihe yeareTrJed 31 March 2024 wh¢h ¢Otnprise the Slalernenl of Finanrial AL#i¥Atses. Ihe Balan￿ StEet. the Cash F&Jw Stslemenl and notes to the financial $laternents. Including a summary of sbjnthcanl aC￿UnDrwj FoIKies The finanoal reportin9 framework that has been applEd in theirpreparatth 15 appli¢*)* and Unrted ￿"r￿j￿0M￿UOunlm9 StaTrJards (United Kiwtyn G?￿rallY AcceFleOAccounling Prac*￿) In our c$)in￿ ￿ finanoal $tatemBnts.' give a true and fair of state of t1￿ chantsble conyanys affaits as at 31 March 2024 and olts incoming ￿SourceS aThY appli¢aiion of ￿$(￿jr￿S. indL¥Jiry rts income exp¥hYiture. for the year then ended.. have been propety p￿r￿ in accordan￿ with Unrted Kwjcm &neralty A(tepied A¢¢ounkng Practy"ce. and have bèen prepared in 8¢wrdance wilh the rwuiren*nts ofthe Coftyanies Aci 2￿. Basb5 for oplnlon Vve cornJLfted tsJr audit In %eordanc* wrth International Standath OTh A￿d￿￿j IUKI IISA5 IUKII and applicable law. Our responsibililh?5 uno*r I￿Se stornlards are fvthtr d8suthd in Ihg ￿Joi10r5, reBponsibilrt+8s for the audit of Ihe fin8n¢ial statements section of our rewt. WÈ a￿ ￿nd￿r￿Trt ol chantatyk cty by tt* chadty. thi$ * norrnalty w)on ol Ihe inw•st or F•yabki by th• barth. Oonatsd professi￿al 58rvKes. dwaled asMts. and facilitss recognwl 8$ Inc4M whgn the Charitable company has control over the Item, any eoThYrticffls 85$0¢wknd with Itr￿ &Jnated rtom have b•8n the reujipl of •conomic ￿n￿lI from tm by t￿ charit*lg cryny of PrO￿b￿ thal Kwomic b￿lfil can te 8$ur•d rekobly On receyt. dona*d pr(4858iono1 ￿1¥￿•6. ¢kna*d 8S8¢ts. a￿1 dc￿1•￿ lathlt*s are recognis•d cffj ba$ls ol th• value of t￿ gfft to th• tharItab￿ corygny whth is th• arrKs￿tth¥ chantab￿ compary would have bo8n Wil￿n9 to pay to obiain sèNces or ￿￿1b¢S of eQWa￿nt ecLwmi¢ ber*fit on the cFen markel For donated servi￿$ 8nd donated latililk5, a corrwon#irKJ amount 1$ tsn rwTh•ed in •xpendrturg in Ihe of ￿1p1 Don8t•d #i$et6 ¥ <*reciated wr Iifeol aM•i. Exp•ndrtur• Lk8ts1rt*$ aro r•eognwJ a5 expendrture 8$ soon a5 *galor constructi¥e obl9alion ¢xmmiltin9 the charity 10 that exp•ndilure, Il is probab* Ihai a transfer cleconwK ber*fits wll be required In Sett￿nt and the gmouniol the otyl¥abon can be f￿aSured ￿lIa￿ty Ewnth'bjre is xcwnted for M an ac£¥uab and has been da$$1￿0 under headings Ihol a99￿94t0 all cosl rdated 10 the ¢awory. EXF￿r￿￿￿r? on ¢hori1*1• athAts5 Ir£1￿ al r•th'i¥J io the fvrlheranc• of the chanty'$ otyectivos As slated in the trwtees, fewi and their assocoteo support ccsts. lff•eovè￿￿VAT is ch8rgwd as 8 awl the aavity frwhith the exFendiiwe was incurrgd. chanlabl¢ company has onty ¢)n# chartst* actiw aTrJ Ihwefwe 11 $urport and govemance costs hav8 been allocated t¢ lh6 ac¢Nty. Suppm costs have bew 8lkncoW betsttn tr)vernartt ¢￿ts ¥nd oth•r 5UFPXt oJ$ts Gov•mIn￿ costs comprise all co$ts InvclwrvJ public aCcoUn￿bIlty of Ihe chanlabkcompany and its comp1k9n￿ with regulab.on and good practi Thtsè costs inc1￿le costs rdaiirMJ to ststLrtory audit aryj legal fees togelher wrth an ap￿rtIOnMent of overh8ad and support costs. Tangible fixed assets C*pre¢M?bon is prov*Jed at the annual in order towrik off èath asset over its e$tThaled useful Ille. Pa9e 23 conb'nued Notes to the Stai•nenrs . conti1x￿1 forthe Year ETrJ8d 31 March 2024 Ac¢ourfNJ polides. con￿1#*d Tanglble lfjx•d assots DeP￿￿tKIn is c8laJlated so a$ 10 wite off the ry61 of an asgeL less ts estunatsd rn5hlual v8lu8, o¥er Ihe useful econfmnic lrfe of that asset as I¢41￿$". lrnprovem8nts to prcpety Equip[￿nI 24 yeats stravJhl li 1-5 y8ar5 Strnyht IiThe Tan9ible fixed assets indLth donated assets which a￿ r•tts3nised cn th8 basis of the Val￿ ol ts gift 10 the ¢haThtab￿ comparry wh￿h Is the amount the ChanIab￿ conwany wouky have irtn willing to pay t¢ obtain $ervr*s or lacilili?5 of t￿•￿0￿ c¢4nmthel. Stocks Stocks are valued at tr* ol ts)si aThJ Mi value. after m•kirs a11ty48fK* for obsdele •rnl $low r￿￿n9 items. Taxation As 8 reg￿tered chanty, Nv*p)rt Live o 10 th• ex8r1pt￿n from tsxatw in resp•a of ine4ma and capital gains r•c8wedwrthin s8Ction$478489 of the Coffjovaiv)n Tax Act 20108ThJ section 256 of T8x8lk)n ofChBr￿Bbb Galns Ad 1992 10 extent thai th•s• ar• èppl*d lo ts ch0filabkobj￿ts purpos•s onty Fund a¢ctyJntbwwJ Unr•stri¢i•d fuThts cBn t• in ocry)rd•nce wilh th• th8r7thb￿ ¥1 the dyxre1l￿ ol the tNst•ès. Reslrttsd fun#5 onty to us•d forpartKUlarrestr￿I* purposes ￿1h1n the ttyts olthècharty. ReBtn￿1oTrI 8rise when ¥pecil*d by donor or when furhY$ ar# rn￿8d lor parts0j￿r reslnc*d puwws Further ex￿•￿&t￿ of lh• n4lur• arKI purpxe of •Kh furKI is IndL*#•J li lh• to IhB fmanaol ¥talen￿nIs. Hlr• purchaafr ar¥J 1oa*ln9¢ommllm•nt• RentB* p8h1 under l•Mu •r• charyd tts the Stsbwt of Finan￿1 AcbvlK*s on a straKJhl line b8$i$ ovgr Ihg ￿￿00 of *ase. coth and oth•r F*XtrfeUr￿ert bgn•ftts P4ymnts tOd￿lned contr*wkn r•twtRnt beneffl sth•m•s ar• (**gpd they 1*1 du•. Rèiiremenl be￿fitS lo empWe$ of the ¢*anIab￿ coryany arn prov*Jed by the LLul Go¥ernment Pènsion Sch￿6 (LGPS'I Thi$ a deTin&J b8Mfil$ChWM and the assets we hekl separatety from those of IhB c*aritabk ￿mpanY. A defined be￿ffi1 plan defi￿$ I￿ pensKfj t4nefrtlhe emFloyee will rec•N•on r•bmmnL ususl dyn¢ent upon several factors indudirrfj 4e. *lh of servK•. and remU￿rat￿)n ccot of proV￿ry t¢nefil$ und&r d•fjr•a bènèfrt F48n5 vi d8terringJ separatety for •ach plw usir¥J thg projected uniterèdil mtr1￿d, and actuawl thK•. T￿ ch8ThJe in the net defi￿d benefit Iwblity 8￿Ing frLYn enwoyee servtt during the yeai Is recLyni$ed a$ an empbyfs tost. cc6t of plan 1ntr0dtsct￿s. tenefil thanges. settiernènts, and curt2ilments a￿ rwnisèd as *)currtd. ThB r￿1 inleresl element * determined by muii¢Jly¥)g the defined be￿fil liabihty by the dis¢ouni r8le, t8king Into account any changes in nei defined ts8￿fit liakn.lty ¢JJnrMJ the pe￿￿ 0$ a ￿Ul1 of contribub'on aThJ benefit payrwts The net Interest is r•togn*td in ￿(￿ne1(eX[￿nUtyreI for the year. Remea$urtm•nt ¢hzr#J85 cornprBe a¢luaThal gair6 aTr1 b)s$￿, the effeciof the asset ￿lI1￿j and the ￿tuM on th8 r￿t defir￿d tenefil lia￿lty exduding amounts i￿u￿0d in net inlerest. These are re¢ognised Immediattrly in other r8cognised gair% los￿ in the in they C£￿r and are r￿)1 redassrfied to incomèiiexpeTrJiturel In subsequent Per￿d$ Pw24 ¢onb'nued... Pknt•s to Fir￿￿131 Stsl•merts. contlTh*d forthe Year Eryjed 31 March 2024 Accounknng wlicies- ¢onttrn* Pension costs and other pc6t.tyllr¢ment benefits net *Jefin￿ benefft ￿￿10￿ asset or Ikibility In Ihe balance sheet ccfflpws the total for each plan of the present Value orthe thfined ber￿fil Obl￿at￿n Iijsing a discount rate based en hgh quality corporate bcfidsl, less It* frair value of plgn assets oul of whKh the C*>108t￿n$ a￿ its ￿ sel￿d dIre￿Y Fair value 15 base& on rnarkel pn(£ 1nlotrnat￿n, In the Case ofqucled s8ojr1l￿ Is publL%W P￿￿ The value of a nei pension tenefil a$$et is limited lo the arrK)unl that rnay be re(x)ve￿d eithw Ihrc4b3h rgdu¢4(1 (x)ntntxJbon5 or agre&J refu￿1$ Irom the Sc*￿ne. Donatlon• ¥nd1•g•c*I 2024 2023 a5 restated Donalv) 2 097.582 Imisstmont Incom• 2024 2023 r•statsd Ren￿ Dwsrt account ￿ter￿t 213.507 63.302 88,168 276 809 85 422 IrKryn• Irom chwIts￿* acllvttl 2024 2023 r88tatgd GrBnts 0￿ration ol $port, **ur•. ar cultural actsvil Manwent l••s 1.258.826 1,500,076 Chantat4e Acbv 5,521.357 5.490,025 2 181496 .724.223 9171.597 Grants r•c*Md, iThduded fft t￿ abm, #rn a5 folbx$.' 2024 2023 r¢stat•d Sport Wath Corè Pregram Welsh Govern￿ent Gwenl Office of Ihe Police Ctim• ComrriwiLwr Arts Counci5 for Wa￿$ Federat￿ of DBabilty Sw)rtW8 Street Garns Positive Futures. Oth•r Alliance ol SpDrt UK Youlh Council NCC. Sumrr*r of Fun & Ihlntertl IAWkbw"r Sport Wa￿5 Oth SPF- Cymru Veb Cup SPF- slati￿ Gym 435,3S1 435.351 384.785 181.000 194.961 18.763 6.000 90.485 33.SC 15.750 139.481 181,0 215.572 15.OLX) 14.239 20.0 Carried forward 1.031.162 7,$00.076 P•ae 25 contsnue(l... Not•sto th? Financlal Statem8nts.contlTh*d forthe Y•ar ETrJed 31 Mar¢h 2024 In¢(m• ITc¥n charltstA¢ a¢llvitits. continL*d 2024 2023 as restat•d Brought fo￿ard Sport$ Developry*nt Fool Povety Other Big sP￿h 1.031.162 202,114 15,OC() 4.175 e.375 1.500.076 1.2￿,626 1.500,076 Charltabl• a¢¥vlU•s ¢o¥ts Dlr•¢t Cosls18•• nots 61 5upwt co•ts18 noi• 71 Total• Charilabkn *4tNil*i 8.652.143 2,495.178 11 147,321 Dlrnct co•t• ol ¢h•rftatkn •c¢lv 2024 2023 •• re$tst•d Staff cosls C051 of$￿￿8 and P8rtnor ty9afMsabon rtsts Rersl NNOR Light and h¢8t Water and 8ewa9e cost8 Buihling maintenanc• Cc41 ol goc4Js fof r•sa Other ¢o$ts Dopr8¢4ai•Jn 4,750.070 799.997 117.515 697.650 27.820 1,484.952 84.532 330.073 2￿.179 6,250.630 834.174 142.940 650.091 72.745 739,549 39,310 548,108 248,946 4,057 76 864 8 652 143 9 607 214 Support C￿1$ ¢osts Tolal• Ch•ritsbk7 ActNth$ 2.485.543 9.63$ 2 495.178 Page 26 conbnued... P48ryrt Live Notes to thè FinawKial statern￿. cortlrwe forthe Year 31 IAarch 2024 Support Costs. contiTh￿d Supwt Costs, in arB as fr4rr*5." Oth•r 2024 2023 as re&tsted Totsl actlviti85 C￿rI￿blO A¢U¥ltles Wage$ Social security PensKns Premises and Owrational costs Admintstraiion Markeiiry 8¢fverb"wrvd ,759 97,945 147,260 1,069.410 198,513 308,957 598,922 271,525 273.382 578.725 213.408 2.485 543 2 447.327 2024 2023 as r85tat•d Totsl •ctlvltl Charlt¥bl• Audito￿, r•murtrabon 8￿1￿ 8n(I Irustse ¢xp8r 8,675 7.800 201 9.635 N8t Incomrf•xp•ndltur•l l incom91l•xpenthtuiei Is stsled *ter ¢hwgirW(ttoditing1." 2024 2023 Auditors, r•muner•tsoTh C)epreaation. ownèd assels Operatsng leases 8.675 99.352 7.800 76.e65 TnNtees' ￿u￿ratIOn arn1 b•n•llts There wwe no trusts85' r•mu￿ra￿ LY tenefts for th• yèar •￿ed 31 2024 w for the year oThaed 31 March 2023. Page 27 Ctsn￿n￿d... for1￿ Y#r EryJ8d 31 March 2024 Trustees, remurnratlon awKI be￿1$- cordin￿￿ Trustee5' 8xpens•s Boar¢1 and Iruste8 9xpens￿ in the year kntaled £￿{2023.. £2011. No otsr trusleo èxpens8s orberfil$ arose dunng ¢ year. io. 2024 2023 Wages sa￿.88 Social Security C¢sts Other Pert$￿ Costs 4.943.148 377,134 640.753 4,681.724 350.720 2,119689 5,961.035 7.132 133 The averw monlhty numbw of•nptyges durir*J the ye8rw•s as I￿￿￿.. 2024 2023 a• restai•d 297 A%*ragg nwnb•r olenployaes 290 numt•f of•mty0Ye￿ whoso ewoyee t•n•fits lexdwjry •nwby8f perffjbx costs) 8xc¢•Je(l £W.000 w¥J.' 2024 2023 •• restst•d £e0,0￿- £70.C#)O £70,001 . £80.c £80,001 - t￿?.c￿0 £W,001 . £100,000 £100.￿1 - £110,CCQ £120.001 . £130.(to Key Manag•m•nt Porno￿1 The key managé￿*ntPerSonn0Ioftheth9fftty ore d•tsik•J m IheTrust••s report The10￿10Mpk>Yee tenefits lintludln9 salary. eMP￿yer'S nabon81 Insuranc•. and l>enefits in kindl of Ihe key man4em8nt personnel of the charity were £416.25412023. £403.8191 11. Ccffiparatlves for thB slatomwt of fimnclal •cllvil Urrntrlctwl fundB R•%trlcted fund TotAI fundJ •* reslated Inc<>me and endovmierts from D￿atiOnS and ￿9a¢￿S 1.X6.574 1.306.574 Charltsble •aivitlo8 Chaftiab￿ Aclwrt*s 7.n4.919 1,436.678 .171,597 Inwsth￿nl inci Tolal 9126915 1436 878 lo.5￿.593 Page 28 conts'nued... N8rylrt Uve P&Jte8 io t￿ Fin*Ki* Stsiwnents. conlltxrfd forth? Yèar Ernled 31 lAa￿￿ 2024 11. Uwwegtrld•d R8strlct•d furrfts Total funds as restated exp8TrJlturn on Charltabkn a¢tlviti•s Cttantrb￿ AclNibe$ 10.529.5e 12 (*)2.542 Net ￿1n$ OA I)￿51[r￿nts 9.432.r))O 9.432.000 NET INCOAIEI(EXPENDITURE} 8.029.355 198.3041 7.933,051 li¢¢onclliatltsn of funds Total fund5 brn￿ht loThYard 15.669.370) 269.188 15,400.1821 Tot•1 lunds carrl•dlor4vard 172884 2.532.869 12. Prlor ymr adlu4tmgn¢ A prior year &IIugtr0onl has t4en m81h to Tr5trict the wrt5￿)n awl in lth• eomparalive ba￿r￿* $h¥t lo £nll, as il is not conS￿er￿d fecov•rable Ihrough ethèr refund$ LY reduced fitture ¢onirtJub'cns In the p&n. Tirvjlblg flx•d al￿ts 13. Equlpm•nt Tol81• C08t Al 1 Apnl 2023 Athlilions 51.3 748.237 79.620 799.597 79.620 At 31 March 2024 827.857 D•pr•¢l*tlon Al 1 Apnl 2023 Chgr9e for ￿#r 59),699 90.1SS 584,297 99,352 9,197 At 31 Wrch 2￿￿4 42.79$ N•t book valu¢ At 31 March 2024 8S85 187.003 195568 At 31 March 2023 215300 P•Je 29 con*"nued... Nths tot1* Fin*Kial Statem8rts- contIr￿￿d lorthe Y￿r Erxw 31 March 2024 14. Str￿ks 2024 2023 as re5ts1ed Fin$h&l 9¢xvJs & gots*s lor ￿50 30.2 33.333 1S. Debtors: amount• lalllThJ wlthln ye 2024 2023 as restslod Tr8d8 debtors Other debtors PrepaY￿￿ntS and irw gC6,907 11,750 376,005 527,543 11,750 647 368 1,294.662 1.186.661 16. Crodltors: wnount• f•lllr•J y•ar 2024 2023 a• rfrstst•d Trade er•drtors SocKal sècurty Énd ot￿r t&¥es Accrual$ and deferred Incor 85.826 4L.586 1,982.416 95.510 125.413 2 059.158 2,470.828 2.280 081 Ac¢nAls and defeTh8d I￿lI￿O d8ferr•d int4m• ¢4MW￿l[¥J ol.. M•mb•rshlpJ Id In advane• Total £S51.124 1£551.1241 £798.927 Balanc¢ as 8131 March 2023 unts re*ased In Ihe year unts defe￿¢¢ £551.124 1£551,1241 £708.927 Balanc* as a131 March 21r24 £798.927 £798 927 17. L•aslryJ a9r••m•nts nwwm *ase pwrrents under rwncdl•t4• e¢•atirvJ 1811 dug a$ 2024 2023 •s r85tated Wlhin cne year Be￿een ar￿ 8nd fi¥* years 62,672 1c#) orij 100.688 162.672 162 672 263 360 Page 30 onb"nued... Notes tothe Fina￿1¥1 Stateme￿. contlrw&d fly￿ Y•ar EwKled 31 Mar¢h 202 18. Movement In fund5 Trnnsfers At 31.3.24 At 1.4.23 in fuThJs lurK15 Unr88trl¢t•d lunds General fvrnl Business re-erwJin8enng l¢JeswJnat•dl Slruclufal r￿rgan￿8t￿ln IdEsvJnatedl Maintenance 8n¢ de¥ek)p￿Dl of the 9stste {deS￿nated) Fixed asset furpj Ides¥Thalgdl 876.839 154,IX 1￿,¢4) 11.3791 37,357 912,817 154,000 100,000 1.031.fJ)7 197,539 126.8221 1,004,785 187.004 2.359.985 11.3791 R85trict8d fundg A¢￿ (Sound Sy5t•rnl Inlegr8led Swiwffjir¥J p￿￿¥￿. Equipment F4mi11ès Fir51 Act￿ Cornmunths Hèallhy an(1 Aclfft Fthys 2.358.6C¢ 15.3CQ 15.303 21.178 20.OS 104,914 21.176 120.0981 115.8371 11.393 89.077 172.884 47.328 12$ 556 TOTAL FUNOS 48.707 2.484 162 N￿t movThnl in fvnth. Inca￿1￿ 8r• 88 In¢tynlng R•BOU￿ expond•d Movemont In fund• Unr•strlcted fun( General fuTr# 10.267.780 10.289.159) 11,3791 Rè8trlct•¢ lund• Families Fi￿1 Aciive Comrnunitses Heallhy and Athve Fur￿1 Finance 8 Nthiin. Sport IC¢Ynm Chest) Finance & Nthin- Frèe SwTh Theat Sxeo Posrtive Fuluos Stmei GaThs Poli￿ Crirr* CLmmffjsion 120.0981 129.3371 111.3931 120,0981 115,8371 111,3931 13.51x1 3,812 92.8)) 215,572 179,550 130,800 13,750 181.L 13,8121 192,8501 1215.5721 1179.5501 1130,8001 113,7501 181 OLM)) 830 834 678.162 47.328 TOTAL FUNOS 11 147321 Page 31 contsnued. . Not85 tothe Flnan¢l¥ Statements. contil￿d fortho Y*ar ErKl8d 31 Mar¢h 2024 18. Mov•mont in funds- ¢r*xinuod Com￿ratiVeS for movement In lund5 Transfers At 31.3.23 At 1.4.22 In fund$ fund5 Unrestrl¢t¢d funds General lund 8usiness re*n9ineenng Id8svJn8tedl Structural r&ofg8nw1￿ft IdesKJnatedl Maintenance aTrJ devewwnl ofthe èstat8 Idèsunatedl Fixed asset lund Ide*na*dl 17,0S0.6851 154.1 1C().000 8.029,355 1101.8311 876.839 154.000 100,000 69.299 32.532 1,031,807 197.539 165.th)7 R••trl¢t•d funds ACW (Sound Sy$ieml Inlegraled Swift¥niNJ Prtwrr¢r¢. Equipr￿1 Families First tive Communit￿$ Healthy and Acti¥* Funas ACW- Dance Studio Ca￿¢al FuThJ Sport Wales. Danc• Caprtal 15.869.3701 8.029.355 2.359.985 15,303 1S,303 21.176 21.176 20,098 104,914 11,393 104,914 11.393 150.OCDI 172,884 TOTAL FUNDS 5.400.182 7.933 054 2 532 869 P•3e 32 eontinued... Nv*port Uv• P&Xe8 to thk FirbwKia Stat8ments.continued forth8 Year E￿d 31 March 2024 18. Movemont In Iw)ds. continued ComparatNe net lurth, Ih8 Zt¢)¥e we as Incoming Rgsouvc88 Gain$ and losses Movemont In funds Unreslrlcled fvnd• G¢r*ral 9.126.915 I10.529.￿) 9.432.C#)O 8,029.355 Rostrlct•d l￿d￿ Families First Acbve Comrnuni Heallhy ond Actwe Fund5 Financ* & Adft*n- Sport ICLynm Chesti Finance & F￿ SwimPth41istrab Theaire 5x80 PosrtN? Fulur•s Str8el Games PolKe Cnft* CtffimM8i ACW- Dan￿ Sludio Capiial Fufyj Sport Wales- Dance Sbjdio Captsl Fwdmg NCC Youlh Couwl F￿dry Disability Sport NCC- Imn￿rIS￿rThr Fundir 226.C#)) 13.SC#) 238.433 1>)5,9tr21 113.5(M)I 1227.0401 20,098 11,393 3,812 92,8 194.£61 207.889 130.800 13.79) 181.000 13.8121 192.8501 1194.9611 1207.8891 1130.8C()I I13.7￿1) 1181.OC()I 150,OCrf)I 177 7951 115,7501 118,7631 99.170 150,0001 177,7951 15.7 18.783 1.436.678 1.532.982 96.304 TOTAL FUNDS 12.Cfj2.5421 9.432.CW 7 933 051 Aturrnnt ye¥r 12 monih ￿ pr*Jr year 12 rIK￿thi cry1**￿ as fokn••. Tr•n8l•r• mov•merrt In lynd• At 31.3.24 Al 1.4.22 funds Unr8•trl¢tod lundi General lund Business r•-èr*Jinegnng Idesigna18dl Struciural re-organk88bon l¢*s%nai&Jl Maint•nan￿ and ol ts esta1• Idesynatedl Fixed asset l￿d Idesb3r*dl 17.050.6851 154.C#JO 1￿.000 8.027.978 164.4741 912,817 154,000 loo,￿0 42,477 1.004,785 15,669.3701 8.027,976 R•strl¢te(I fw ACMI (Sound System) Integrated SwmmirvJ PrOgra￿- Equipment Active comrnUn￿4g ACW- Dance Sbjdio C•tal FuTrJ Sport Wales- Oance Studio Capital FwNIi)p 2,358.606 15,3CQ 15.303 21,176 104.914 21.176 89.077 115.8371 150.OCiII 269.188 143.632 125.556 TOTAL FUNDS 2 484 162 Page 33 eontinued... Not•s to th8 FIna￿l¥l stai￿9nts.¢0ntI￿x￿d forthe Yèar 31 March 2024 18. Alov¢m•nt in fuThJ8. eorrtlnued A current ￿al 12 mcffilh$ prw)r >tar 12 rnnths c(m*)rnd net In fun to devebp younger ￿th aim of ￿duang 8n*".wl tyehaviour and provin9 educational attainrnenl FuTrJirg rece￿ from Wdsh Go¥wnft￿nI to fvTra the +*ath arKI Aclwe Fyojecl ProvL%ion of a rarMJe 14 XD¥ibèS to personally ¢e¥tk)p 16 10 25 year ohas FuTr1mg to SLWOrt ￿￿ace￿ÉnI equisxment Rtlating lo the1u￿￿n9 to SUPFQrt the ￿￿Very and no48lK)n wthin actiwtss Opera1￿ by Newpjrt L￿. S¥60 Positivo F￿lU Fa￿11¢$ First Slmi gBme8 PolK• Crime COmWb)￿r Heallhy and Fund Integrated Swimmww Program? IEqUy￿n1) Sport Wales Pag& 34 contin￿d. . forthe Year 31 Ilarth 2024 18. Movement In fwK15. corrttnuod Transfers fvnds Transf8￿ With unreslncted fvnds have tsken place yearfO1￿1ng a rev*w of the deswnsied unra%tri¢ted funding for the mainlenance aThJ devek)w*nt of ts eslate. as well as wJab"rvJ Ihe nei valvtr of charty's equipft*ni (see fLKed asset nots). 19. Employ•• beneflt obllgalo In•d 88nefft Pensfion S¢h•m• The chanty Part￿lp8¢e$ in th• Gr•atsf Q*gnt (Y¢y1¥￿> p•n5hJn sthrne. li a d•fin•d b8ngfrt scheme bastrj on final pensonabk 5akry. Kèy As5￿PIlorO 2024 % Fer annum 2023 Discouni Rate Expeetsd rate of I￿reaSe of in payrrnnt Expected rate of salary fftcreases % Férannum 4.75 295 3.45 275 3.25 Mortallty A*8uho10 2024 Lrf• 2023 Life expectancy lyr81 Retiring Ma￿$ 2024 Rdiring Ferna￿S 2024 Re¢inTrg 2044 Rétinng Femal¢$ 2044 (yrtl 18 23 21 24 18 23 21 25 Amounts r•eognl*ed In th? wofft •rrtl lo•* Ke￿￿1. 2024 2023 Current o¢r*• cost 724.C 145.OD) 1,879,OJO Net IntW•st￿ dtfinad b8n&fit1rt4ityllass8tl 235.000 Totsi c￿*• 2114QJO Amounis takèn to othr¢(#mprnh•Mlv• Incom•: 2024 2023 Actual reium on scherrÉ assets Lè55". C8kul8ted Intere$1 eknT*nt 12.W,LWI 795.0(K) 64.00) Page 35 conbnued... Notss tot1* Fin*Kial Statem¢nls-c0rtirn￿d forthe Y8ar Etxled 31 March 2024 19. Employ¢• benèfft olAlgatiors. ¢ontlnu•d Return on s¢￿￿r* assets eX￿￿1r￿j inte￿1 irttrfne Actuarial chaThJes relaw to oNyb"¢n5 11,265.(Wl I956.(1￿) 527.0(X) 112,363,000) Total costs111￿4)Mol 2,221.fKA)I 11 836,0￿) The ￿ts￿nts included in STr￿1 arwMJ from Ihe c&lvJgts"on& in resF¢d of defin8d benefit pkns ar8 8s folltrws.. 2024 2023 Present volue of defined t•n•fft oNvJBts"on• Fair value el plan ass8tS Unrteognised 5uWu$ 14,634.OCQ 119,226.CWI 4,592,000 13.919,000 116.323,CM))I 2.404,CQO (Surp1￿¥d￿ftcbl In Mo¥•mnts in fv net P￿•11¥*1￿ oldefingd t￿ffi1 ¢t1¥ati￿.. 2024 Lioty'lib"e• at 1 2023 Current servKX ec61 Past ser¥i¢• cost Interest eosi c0ntrtsul￿tins frcffi Sc￿me men*ern B•nefits pal A¢tuanal ga#is aThJ I3,919.￿) 724.000 145.000 684.000 2S9.000 1151,0001 956 0001 Al 31 MÈrth 2024 14.634.000 Mowarr*nls in ts lairv•lv• olF4èn as*.. 2024 F?Ir val￿ of 8t 1 April 2023 Nel Intsrest contribut￿ll$ by Ihe ernpwr contribut￿n9 by Ihe $therre Thrnbers Benefits paid Relurn on assfrts ItxthdiThJ indudod •) nèt inlerejti 16,323,000 795,0 725,0 269,OD) 1£151.CQ)I 1,265,OX Al 31 Ma￿h 2024 19 226 t￿rir￿a Ihe yeor th￿ is an urwBcognis&J perY&ion surplus of £4.592.LKQ12023". £2.404.fJJOI 8$ rt 1$ noi ¥irtUo1ty ￿rtain that the assei will be reDJ%*rabk th￿￿￿ ￿￿1ribut￿s m th& lulure or Ihrgu9h ￿lundS frorn the plan. contsnued... Jt05 10 Fin￿1￿ Statements. conUN*d lor Year Er¥Jed 31 Marth 2024 Rqlated PBrty dls¢losur New￿￿ Cty CoLmc4 acts as thè prirtipal lu￿rand a wnber of Newport L￿E. Dunng the year. LNe recei%*d £4.325.770 12023." £4.470.5381 from Ne%Yport Cty Counal in the fomi ol manag8Trnnt f8es 8nd 9rants with purchases of £6.213.414 12023." ￿94.391. At the year end. anKsunts of £749.569 I￿23. £268.9421 were to N*wp)rt LNe ty Nwx)rt Cty Counol and N￿port LNe ¢Med N8WPOrt Qty Council £64.45512023." £nill. Pa9e 37