LIVEKIND Charity Incorporated Organisation (C.l.O) Annual Report & Financial Statement For the year ended 30 October 2023 Registered Charity No: 1164237 LIVEKIND Annual Report and Financial Statement Rè8i5tered Charity No: 1164237 LIVEKIND Year Ended 30 October 2023 Principal address: Clo Venturing Associates Ltd 103 Friern Barnet Road London NII 3EU Trustees: JUDITH CLEGG CHRISTIAN HUNT SIMON SHAW Governing document The organisation is operated under the rules of its constitution. Bankers: HSBC Accountant AIMS Accountants for Business Chartered Certified Accountant 103 Friern Barnet Road London Nll 3EU LIVEKIND Annual Report and Financial Statement Règlstered Charlty No: 1164237 LIVEKIND FINANCIAL ACCOUNTS FOR YEAR ENDED 30 ocfoBER 2023 CONTENTS Pages Trustees Report Receipts and Payments Statement of Assets and Liabilities 9-10. Notes to the Accounts LIVEKIND Annual Report and Financial Statement Registèred Charity No: 1164237 LIVEKIND Report of the Trustees for the year ended 30 Ortober 2023. Trustees and Their Responsibilities Charity trustees are the people who serve on the governing body of a charity. They may be known as trustees, directors, board members, governors or committee members. The principles and main duties are the same in all cases. Trustees have, and must accept, ultimate responsibility for directing the affairs of a charity, and ensuring that it is solvent, well-run, and meeting the needs for which it has been set up. LiveKind Trustees are pleased to present their annual report and financial statements for the year ended 30th October 2023. The Trustees have adopted the provisions of the Statement of Recommended Prartice ISORP 20051 IAccounting Standards Charities Act 20111. Principle Objects A. Gender Inequality and Gender-Based Violence To help relieve the mental and physical sickness of persons globally suffering from the impacts of gender inequality and gender-based violence by the provision of counselling and support for such persons. To advance the education of the public in the subjett of gender equality and the prevention of gender inequality and gender-based violence. For the public benefit to promote the education lincluding social and physical training) of people impacted or potentially irnpacted by gender inequality, globally, in such ways as the charity trustees think fit, including by.. Awarding to such persons, scholarships, maintenance allowances or grants tenable at any university, college or institution of higher or further education. Providing their education (including the study of music or other artsl, to undertake travel in furtherance of that education or to prepare for entry to any occupation, trade or profession on leaving any educational establishment. Animal Welfare To promote human behaviour towards animals by providing appropriate care. protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill-usage and to educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals. For the benefit of the public to relieve the suffering of animals in need of care and attention and, in particular, to provide and maintain rescue homes or other facilities for the reception. care and treatment of such animals. C. Conservation and the Environment To promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment. To advance the education of the public in the conservation, protection and improvement of the physical and natural environment. LIVEKIND Annual Report and Financial Statement Reglstèred Charity No: 1164237 D. Grant Making To advance such charitable purposes (accordin8 to the law of England and Walesl as the trustees see fit from time to time in particular, but not limited to, advancing the objectives above by making grants and awards to UK and international charities, NGO'S and community organisations. Mlssion Statement LiveKind's core values are those of Ahimsa. All LiveKind activities must be carried out in accordance of Ahimsa principles. For the purposes of clarity Ahimsa is a term meaning 'compassion' and 'not to injure, Ahimsa is also referred to as non-violence. Ahimsa means to cause no harm and it applies to all living beings including all animals as well as people. For this reason, LiveKind will only support the provision of vegetarian food and product in people, projects and activities that we support. Actlvities and Achlevements Over the past year, the trustees focused on identifying meaningful opportunities to issue final grants and distribute the charity's remaining funds ahead of its planned closure. While some promisin8 Options have been identified, the trustees have not yet made a final selection. They remain committed to finding initiatives that align with the charity's mission and will continue this work in the coming year as they prepare to wind down its activities. Structure, Governance and Managernent LiveKind is a Charitable Incorporated Organisation ICIOI, registered with the Charity Commission rd and governed by its constitution, dated 3 November 2015. Membership of the CIO is currently held by the Trustees. If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. The trustees who served during the year are shown on page 2 of this report. Risk Management The Trustees review risks relevant to the charity as part of their governance processes. Any material risks identified are discussed and decisions made on potential mitigation. Reserves Policy and Golng Concern The Board has assessed the charl￿S requirements for reserves in the light of the main risks to the organisation. As a result, the Board has approved a policy whereby the unrestricted funds not committed, should be held in reserve and maintained at a level, which ensures that LiveKind's core activity could continue during a year of unforeseen difficulty. The target reserve amount represents at least 6 months'126 weeksl expenditure and will be reviewed annually. Public Benefit The Trustees confirm that they have complied with their duty under the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. Related Partles and Co-operatlon with Other Organisations LIVEKIND Annual Report and Financial Statement ReBlstered Charity No: 1164237 None of our trustees receive remuneration or other benefit from their work with the charity. Any connertion between a trustee or senior manager of the charity with its members must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transartions were reported. Volunteers LiveKind relies on voluntary help; we wish to thank our volunteers for their loyal support and contribution. Internal and External Factors The trustees are very grateful to the donors for their kind support. Future Plan In 2023124, the trustees have resolved to seek projects to make final grants and disbursements before closing the charity as 500n as practicable. Signed on behalf of all members Ms Judith Clegg Ichairpersonl LIVEKIND Annual Report and Financial Ststement RegKstered Charity No: 1164237 LIVEKIND RECEiwfs & PAYMENTS FOR THE YEAR ENDED 30 ocfoBER 2023 Total Funds 2023 Unrestricted Restricted Fund Fund Total Funds 2022 INCOMING RESOURCES Donations and legacies HMRC Charity Credit 1,412 1,412 1,752 TOTAL INCOMING RESOURCES 1,412 1,412 1,759 RESOURCE EXPENDED Expenses on charitable activitles Grants and supply of provisions to fund/support the LiveKind Kibera Project Expenses on support and administration Accounting and software Banking and finance 752 752 1,064 53 60 60 TOTAL RESOURCES EXPENDED 812 812 1.117 Net Incomlngs and Outgoings 600 600 642 Balance Brought Forward 13,971 13,977 13,329 Balance as at 30 October 2023 14,571 14,577 13,977 (The notes form part of this account) LIVEKIND Annual Report and Financial Ststement Reglstered Charfty No: 1164237 LIVEKIND Charity Number: 1164237 Statement of Assets & Liabllities a5 at 30 October 2023 Unrestrirted Funds Restrlctd Funds Funds 2023 Funds 2022 Cash at bank- Current Accrued donation Accrued expenses 14,571 621 15101 14,577 621 15101 13,977 561 15101 TOTAL FUNDS 14,682 14,688 14,028 Llabilitie5: None The accounts were approved by the Trustees on 19, December 2024 and signed on their behalf by:_ Ms Judith Clegg (Chairperson) LIVEKIND Annual Report and Financial Statement Registered CharSty No: 1164237 LIVEKIND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 ocfoBER 2023 l. Accounting Basis The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows= al Basis of preparation bl The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettive l January 20151- Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Att 2011. LiveKind meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. bl Reconciliation with previous Generally Accepted Accounting Practice In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was needed. No restatements were required. cl Preparation of the accounts on a going concern basis The Charity trustees are of the view that measures taken in reviewing organisational costs regularly and successful in applying for continuation funding have secured the immediate future of the Charity for the next 12 to 18 months and that on this basis the charity is a going concern. 2. Cash Flow Statement The trustees have taken advantage of the exemption in Financial Reporting Standard No I Irevisedl from including a cash flow statement in the financial statements on the grounds that the charity is small. 3. Incoming Resources All incoming resources are included in the Receipts and Payments when the organisation is legally entitled to the income and the amount can be quantified with reasonable accuracy. 4. Resource Expendable All expenditure is accounted for on a cash basis and has been included under expenses categories that aggregate all costs for allocation to activities. LIVEKIND Annual Report and Financial Statement Reglsterèd Charity No: 1164237 S. Tanglble Flxed Assets There is no fixed asset to be depreciated. 6. Trustees Remuneration The Trustees were not remunerated. 7. Governance and Support Costs Allocation of support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, and governance costs which support the Charity activities. Many support and governance costs e.g. website costs are paid for directly by a Limited Company donor. This donor also makes dditional donations which cover all remaining support costs e.g. bank/finance char8es etc. 8. Fund Accounting Fund accounting unrestricted funds are available to spend on activities that further any of the purposes of charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charit¢s work. 9. Taxation LiveKind is a re8iStered charity and is not liable for corporation tax on its income under sertion 505 of the Income and Corporation Taxes Act 1988 to the extent that it is applied to its charitable activities. 10. Pension Costs and Other Post-Retlrement Benefits None 11. Status LiveKind is a registered Charitable Incorporated Organisation. 12. Restricted Fund Analysi5 BalancÈ at 30th Ortober 2023 Balance Incoming resources Outgoin8 resources b/f Various Donations Purpose of restrirtedfund.. Donations were receivedfrom individuol donors, which were spent in accordance with the restrictions requested by the donors. In the opinion of the trustees, expenditure of this kind is consistent with the stated objertives of the charity. io LIVEKIND Annual Report and Flnancial Statement Règistered Charlty No: 1164237