Charity number: 1164468
THE LVE CHARITABLE FOUNDATION
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
THE LVE CHARITABLE FOUNDATION
| CONTENTS | |
|---|---|
| Page | |
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 20 |
| Trustees' Annual Report of activities | Appendix A |
Page 1
THE LVE CHARITABLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Michael Polledri MBE, Chair Jon Michael Polledri, Trustee Karen Bellamy, Trustee Gary Walker, Trustee Peter French (appointed 10th August 2024)
Charity registered number 1164468 Principal office Legacy Business Centre 2a Ruckholt Road Leyton London E10 5NP
Page 2
THE LVE CHARITABLE FOUNDATION
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the The LVE Charitable Foundation for the year ended 31 December 2024.
Objectives and activities
a. Policies and objectives
To act as a resource for young people aged 16 to 28 living in North London and the Lee Valley Corridor by providing advice and assistance and organising programmes of physical education and other activities as a means of:
a) Advancing in life and helping young people by developing their skills, capacities and capablitilies to enable them to participate in society as independent, mature and responsible individuals.
b) Advancing education
c) Relieving unemployment
Providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
In its ninth year of activity the Trust has provided an even wider range of activities, opportunities, projects and services as set out in detail in the Annual Report of Activities.
Achievements and performance
a. Main achievements of the Charity
The main achievements of the charity and the difference it has made to the circumstances of its beneficiaries and society as a whole are set out in the attached Annual Report of Activities.
Page 3
THE LVE CHARITABLE FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
During the year the charity raised income of £243,183 as well as received and recognised grant income from the Mayors Office Police Fund of £39,000. After expenditure of £257,140, the total funds position still provides a stable working platform on which to build future activities.
a.Going concern
The Trustees have a reasonable expectation that the charity has adequate resources to continue operating for the foreseeable future.
b.Reserves policy
The charity aims to hold reserves to cover 3 months of its operating expenses. At the year end the charity had a total funds surplus of £100,261 and anticipates consolidating this position in line with its policy in 2025 and 2026.
Structure, governance and management
a.Constitution
The LVE Charitable Foundation is a registered charity, number 1164468, and is constituted under a Memorandum of Association.
The charity is constituted as a charitable trust. The governing document is a trust deed dated 5 May 2015.
The principal address of the charity is Legacy Business Centre, 2A Ruckholt Road, Leyton, London, E10 5NP.
b.Methods of appointment or election of Trustees
The Trustees are appointed by the Trust Board.
c.Organisational structure and decision-making policies
Michael Polledri MBE - Chair Jon Michael Polledri - Trustee Karen Bellamy - Trustee & CEO Gary Walker - Trustee Peter French - Trustee (appointed 10th August 2025)
Page 4
THE LVE CHARITABLE FOUNDATION
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Memorandum of Association. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Michael Polledri MBE
Chair
Date: 24 November 2025
Page 5
THE LVE CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Report to the Trustees of The LVE Charitable Foundation ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in accordance with section 130 of the Charities Act or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 6
THE LVE CHARITABLE FOUNDATION
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 24 November 2025
Alan C. Ray FCA
FSP (UK) Limited Chartered Accountants 87 Firs Park Avenue Winchmore Hill London N21 2PU
Page 7
THE LVE CHARITABLE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Income from: Donations and legacies: Other donations and legacies 3 Other trading activities: Charitable activities 4 Total income Expenditure on: Charitable activities: Other charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 £ £ £ £ 39,000 45,747 84,747 162,000 - 197,436 197,436 258,791 |
|---|---|
| 39,000 243,183 282,183 420,791 |
|
| 19,068 238,072 257,140 424,550 |
|
| 19,068 238,072 257,140 424,550 |
|
| 19,932 5,111 25,043 (3,759) |
|
| 35,395 39,823 75,218 78,977 19932 5,111 25,043 (3,759) |
|
| 55,327 44,934 100,261 75,218 |
The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 20 form part of these financial statements.
Page 8
THE LVE CHARITABLE FOUNDATION
BALANCE SHEET AS AT 31 DECEMBER 2024
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets / liabilites Total assets less current liabilities Creditors: amounts falling due after more than one year 13 Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
114,133 68,508 |
2024 14,660 98,396 |
51,415 93,007 |
2023 18,325 86,907 |
|---|---|---|---|---|
| 182,641 (84,245) |
144,422 (57,515) |
|||
| 113,056 (12,795) |
105,232 (30,014) |
|||
| 100,261 | 75,218 | |||
| 55,327 44,934 |
35,395 39,823 |
|||
| 100,261 | 75,218 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Michael Polledri MBE
Chair Date: 24 November 2025
The notes on pages 9 to 20 form part of these financial statements.
Page 9
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1.General information
The LVE Charitable Foundation is a registered charity, number 1164468, and is constituted under a Memorandum of Association.
The charity is constituted as a charitable trust. The governing document is a trust deed dated 5 May 2015.
The principal address of the charity is Legacy Business Centre, 2A Ruckholt Road, Leyton, London, E10 5NP.
2.Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The LVE Charitable Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries, the trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Page 10
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £200 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 11
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.6 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
Plant and machinery - 20% reducing balance Fixtures and fittings - 20% reducing balance
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. Income from donations and legacies
| 3. Income from donations and legacies | |
|---|---|
| Donations Donated goods, facilities and services Total 2024 Donations Donated goods, facilities and services Total 2023 |
Restricted funds 2024 Unrestricted funds 2024 Total funds 2024 £ £ £ 39,000 15,747 54,747 - 30,000 30,000 |
| 39,000 45,747 84,747 |
|
| Restricted funds 2023 Unrestricted funds 2023 Total funds 2023 £ £ £ 40,235 31,365 71,600 - 90,400 90,400 |
|
| 40,235 121,765 162,000 |
Page 13
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. Income from other trading activities
Income from non charitable trading activities
| Rental income Rental income |
Unrestricted funds 2024 Total funds 2024 £ £ 197,436 197,436 |
|---|---|
| Unrestricted funds 2023 Total funds 2023 £ £ 258,971 258,971 |
5. Analysis of expenditure on charitable activities
Summary by fund type
| Other charitable activities Administrative, management and consultancy fees Grants and donations Total 2024 |
Restricted funds 2024 Unrestricted funds 2024 Total funds 2024 £ £ £ 9,468 36,389 45,857 9,600 145,466 155,066 - 56,217 56,217 |
|---|---|
| 19,068 238,072 257,140 |
Page 14
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Other charitable activities Administrative, management and consultancy fees Grants and donations Total 2023 |
Restricted funds 2023 Unrestricted funds 2023 Total funds 2023 £ £ £ 15,252 90,405 105,657 18,658 188,604 207,262 - 111,631 111,631 |
|---|---|
| 33,910 390,640 424,550 |
6. Analysis of expenditure by activities
| Other charitable activities Administrative, management and consultancy fees Grants and donations Total 2024 Other charitable activities Administrative, management and consultancy fees Grants and donations Total 2022 |
Support Total costs funds 2024 2024 £ £ 45,857 45,857 155,066 155,066 56,217 56,217 |
|---|---|
| 257,140 257,140 |
|
| Support Total costs funds 2023 2023 £ £ 105,657 105,657 207,262 207,262 111,631 111,631 |
|
| 424,550 424,550 |
Page 15
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. Analysis of grants paid
| Leaders Academy - Enabling performing arts Engine Room - Community centre support Donations in kind Other Total 2024 Leaders Academy - Enabling performing arts Engine Room - Community centre support Other Total 2023 |
Grants to institutions 2024 Total funds 2024 £ £ 36,000 36,000 8,312 8,312 6,500 6,500 5,405 5,405 |
|---|---|
| 56,217 56,217 |
|
| Grants to institutions 2023 Total funds 2023 £ £ 28,150 28,150 3,315 3,315 4,766 4,766 |
|
| 36,231 36,231 |
8. Independent examiner's remuneration
The Independent Examiner's remuneration, including support preparing the accounts and understanding the Independent Examination amounts to £NIL (2023 £NIL) .
9. Trustees' remuneration and expenses
During the year, the charity incurred costs for the services of Trustees of £36,000 ( 2023 - £36,000 ). No Trustee expenses were incurred ( 2023 - Nil ).
Page 16
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. Tangible fixed assets
| Tangible fixed assets | ||
|---|---|---|
| Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 11 Debtors Due within one year Trade debtors Prepayments and accrued income |
Plant and machinery £ 42,926 - |
Fixtures and fittings Total £ £ 3,182 46,108 - 0 |
| 42,926 | 3,182 46,108 |
|
| 26,346 3,316 |
1,437 27,783 349 3,665 |
|
| 29,662 | 1,786 31,448 |
|
| 13,264 | 1,396 14,660 |
|
| 16,580 | 1,745 18,325 |
|
| 2024 2023 £ £ 106,915 15,204 7,218 36,211 |
||
| 114,133 51,415 |
Page 17
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. Creditors: Amounts falling due within one year
| Bank loans Trade creditors Accruals and deferred income |
2024 2023 £ £ 9,000 2,500 9,420 4,658 65,825 50,357 |
|---|---|
| 84,245 57,515 |
Deferred income relates primarily to refundable lettings deposits and amounts invoiced during the year for events taking place in future periods.
13. Creditors: Amounts falling due after more than one year
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans | 12,795 | 23,514 |
The loan is unsecured and for the first 12 months interest was subsidised by the UK government, after which the interest rate is 2.5% per annum. The loan is repayable by September 2026.
Page 18
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. Statement of funds
Statement of funds - current year
| t of funds - current year | |
|---|---|
| Unrestricted funds General Fund Restricted funds Don't Get Court Arts Council funding Mayors office - Police budget Total of funds |
Balance at 1 January 2024 Income Expenditure Balance at 31 December 2024 £ £ £ £ 39,823 243,183 (238,072) 44,934 |
| 7,174 - - 7,174 16,096 - - 16,096 12,125 39,000 (19,068) 32,057 |
|
| 35,395 39,000 (19,068) 55,327 |
|
| 75,218 282,183 (257,140) 100,261 |
Page 19
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. Statement of funds (continued)
Statement of funds - prior year
| Statement of funds - prior year | |
|---|---|
| Unrestricted funds General Fund Restricted funds Don't Get Court Arts Council funding Mayors office - Police budget Total Restricted funds Total of funds |
Balance at 1 January 2023 Income Expenditure Balance at 31 December 2023 £ £ £ £ 49,907 380,556 (390,640) 39,823 |
| 11,174 - (4,000) 7,174 16,096 - - 16,096 1,800 40,235 (29,910) 12,125 |
|
| 29,070 40,235 (33,910) 35,395 |
|
| 78,977 420,791 (424,550) 75,218 |
15. Summary of funds
Summary of funds - current year
| General funds Restricted funds |
Balance at Balance at 1 January 1 December 2024 Income Expenditure 2024 £ £ £ £ 39,823 243,183 (238,072) 44,934 35,395 39,000 (19,068) 55,327 |
|---|---|
| 75,218 282,183 (257,140) 100,261 |
Summary of funds - prior year
| General funds Restricted funds |
Balance at 1 January 2023 Income Expenditure Balance at 31 December 2023 £ £ £ £ 49,907 380,556 (390,640) 39,823 29,070 40,235 (33,910) 35,395 |
|---|---|
| 78,977 420,791 (424,550) 75,218 |
Page 20
THE LVE CHARITABLE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
16. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total Analysis of net assets between funds - prior period Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Restricted funds 2024 Unestricted funds 2024 Total funds 2024 £ £ £ - 14,660 14,660 55,327 127,314 182,641 - (84,245) (84,245) - (12,795) (12,795) |
|---|---|
| 55,327 44,934 100,261 |
|
| Restricted Unrestricted Total funds funds funds 2023 2023 2023 £ £ £ - 18,325 18,325 35,395 109,027 144,422 - (57,515) (57,515) - (30,014) (30,014) |
|
| 35,395 39,823 75,218 |
CEO’s Report 2024–2025 LVE Charitable Foundation
Introduction
It gives me great pleasure to present this year’s CEO’s Report, reflecting on a period of growth, innovation, and resilience at the LVE Charitable Foundation.
Over the past year, we have continued to honour our mission: to inspire, empower, and create opportunities for young people , while strengthening the bonds within our communities. This year has been marked by the launch of pioneering projects, the delivery of a dynamic summer programme, and the nurturing of new leaders who embody the values of confidence, creativity, and community spirit.
Expanding Our Reach: New and Innovative Projects
The Foundation has developed a suite of new projects designed to broaden horizons, build confidence, and create sustainable opportunities for young people:
1. Youth Club – St Andrews Church, Higham Hill
Thanks to the generosity of St Andrews Church, we now have a dedicated space free of charge to run an inclusive and vibrant Youth Club. Led by experienced youth workers – including a female boxing coach – the Club has already held two successful taster
The LVE Charitable Foundation
Suite 312, The Legacy Business Centre, 2A Ruckholt Road, Leyton, London, E10 5NP
Tel: 020 8558 1445 | Email: info@lvefoundation.org.uk | Web: www.lvefoundation.org.uk Registered Charity No. 1164468
sessions, offering activities from roller skating and indoor bowls to table tennis and a growing library of donated board games.
This hub has quickly become a safe and engaging environment, and we are committed to ensuring its long-term sustainability as a trusted space for young people.
2. Podcasting Studio – Ruckholt Road
This year saw the launch of our fully equipped Podcasting Studio, complete with professional soundproofing, lighting, and recording technology. The studio will:
-
Promote the Foundation and The Great Hall through media content.
-
Showcase the voices of young people through testimonials.
-
Provide training in media production and editing, led by Matthew, giving participants real employability skills.
-
Serve the wider community, with access for local charities and small businesses.
The studio is not only a creative hub but also a future source of sustainable income.
Page 2 of 9
3. Intergenerational Project – Black Male Perspectives
This thought-provoking project gives voice to three generations of Black men – the Windrush generation, their children, and today’s youth. Through honest conversations, we are exploring evolving attitudes to authority and policing, from reverence to resistance, and examining the roots of these shifts.
Delivered as a podcast series, this project provides an authentic space for dialogue, reflection, and community connection.
4. Young People for Business
This forward-thinking initiative connects local businesses with young people who provide social media content, podcasts, and digital promotions. Businesses benefit
Page 3 of 9
from fresh, creative support, while young people gain mentoring, marketing experience, and pathways into employment.
The Big Creative Academy has expressed interest in collaborating, further enhancing opportunities. In future, a small participation fee will help sustain the programme.
5. Verbatim Theatre Project
Still in development, this project will use verbatim testimony to share the real stories of prisoners. By bringing these voices to the stage, we aim to create a raw and impactful exploration of life behind bars – offering audiences new insights into justice, resilience, and rehabilitation.
Delivering Impact: Summer Activities Programme 2025
This year’s Summer Activities Programme, delivered at the Paradox Centre across four weeks (w/c 28 July – w/c 18 August 2025), provided children and young people aged 7–18 with a safe, engaging, and creative environment during the school holiday period. With sessions twice weekly, the programme combined creative arts, leadership, food provision, and recreational opportunities to ensure young people remained supported, inspired, and connected.
Key Elements of the Programme included:
-
Creative activities such as street dance, drama, and cooking demonstrations.
-
Leadership development through drama and team-building workshops for older participants.
• A Chillout Zone with PlayStation and board games, offering a relaxed alternative to structured activities.
• Food provision, including sandwiches, vegetarian options, crisps, refreshments, and hot meals chosen by participants.
Page 4 of 9
Participation & Attendance
The programme reached a total of 45 unique participants, including 21 Peabody residents. Attendance varied by session as follows:
29 July – 32 31 July – 28 4 August – 27
7 August – 24 12 August – 19
14 August – 28
19 August – 25
21 August – 22
Engagement was
strongest among
younger participants (7–12 years), with fewer older young people (13–18 years) attending regularly.
-
Ages 7–9: 16
-
Ages 10–12: 17
-
Ages 13–18: 12
Outcomes Achieved
a) Engagement & Skills Development
Dance: Improved coordination, teamwork, and confidence through group routines.
Cooking: Hands-on skills in food preparation and healthy eating awareness.
Drama/Leadership: Enhanced communication, confidence, and teamwork.
Page 5 of 9
b) Social Impact
The programme created a safe, structured space that reduced risks of antisocial behaviour, strengthened peer relationships, and fostered positive role models.
c) Wellbeing
Nutritious food provision supported physical wellbeing and inclusion. The Chillout Zone provided a low-pressure environment, ensuring inclusivity for diverse needs.
Participant and Parent Voices
Female, 8 years: “I was worried about the team building activities, but the staff showed me it’s just about learning to work with others in a safe, friendly, and fun way.”
Female, 9 years: “I’m so glad my mum made me come — I’ve made lots of new friends and I’m having so much fun.”
Female, 17 years (Volunteer): “My dance instructor trained me to lead sessions. I’ve loved mentoring and it’s motivated me to follow my passion of becoming a dance instructor.”
Case Study: A Journey Towards a New Future
A 17-year-old young woman of Caribbean heritage experienced disruption to her education after an extended absence abroad. Returning to the UK, she faced poor exam outcomes and uncertainty about her future. Through four years of consistent engagement with our programmes, she developed skills, stability, and trusted relationships. This summer, she volunteered as a mentor, rediscovering confidence and purpose. Her experience directly influenced her decision to pursue Health and Social Care studies, showing the long-term impact of sustained support.
[Image: Case study participant mentoring younger children]
Page 6 of 9
Voices from the Leaders Team
Dance Instructor: “This programme didn’t just give her skills — it gave her hope, confidence, and purpose.”
Youth Worker: “Thanks to our funders, we provide stability and opportunity where it’s needed most.”
Programme Coordinator: “With the right support, even those facing the greatest challenges can thrive.”
Leaders Team (collective): “Every young person deserves encouragement and the chance to succeed — your support makes that possible.”
Challenges & Lessons Learned
Although the programme began strongly, attendance fluctuated due to summer weather, family holidays, and the national challenge of sustaining consistent youth engagement.
A wider national issue persists: children increasingly choose digital alternatives over structured activities, with declining parental engagement compounding the problem. Without active intervention, we risk raising a generation more isolated, less active, and disconnected from community support.
[Figure 3: Illustration of barriers to youth engagement]
Conclusion & Recommendations
The Summer Activities Programme delivered clear impact: confidence, resilience, and new pathways for participants. Although attendance was lower than capacity, every young person who attended benefited profoundly. Without such provision, risks of grooming, exploitation, gang involvement, and poor wellbeing increase dramatically.
We urge our funders to continue their investment in community-based youth provision. Supporting our work means protecting young people from harm, nurturing their potential, and building stronger communities for the future.
Page 7 of 9
Leadership, Mentoring, and Advocacy
Beyond programme delivery, the Foundation continues to invest in the next generation of leaders. This year, I have had the privilege of mentoring several young women, one of whom has recently been appointed to the Central Youth Independent Advisory Group (CYIAG) at New Scotland Yard. This appointment, to be ratified in October, marks a proud moment for both the individual and the Foundation, reflecting our belief in the power of nurturing future leaders.
We also continue to support and mentor community groups such as Hub, Pinpoint, COG, and Leaders – ensuring that our impact extends across a wide network of grassroots organisations.
Challenges and Opportunities Ahead
As ever, challenges remain. Engagement among older teenagers continues to be a national issue, with many preferring digital alternatives or informal social time. We must adapt by offering flexible, relevant opportunities while advocating for sustained investment in youth provision.
Yet, with challenge comes opportunity. Each new project, partnership, and participant reinforces the Foundation’s central truth: when young people are given trust, resources, and a safe platform, they rise to meet and exceed expectations.
Conclusion: Our Mission in Action
The past year has demonstrated the breadth of what the LVE Charitable Foundation can achieve:
From boxing and roller skating in a church hall,
Page 8 of 9
To professional podcasting and media training,
From theatre rooted in lived experience,
To the transformative power of summer programmes and mentoring.
Every strand of our work is united by one mission: to create real opportunities that change lives.
As we look ahead, we remain deeply grateful to our funders, partners, volunteers, and supporters. Together, we are not just running projects – we are building futures, strengthening communities, and ensuring that every young person has the chance to thrive.
Karen E. Bellamy
Chief Executive Officer LVE Charitable Foundation
Page 9 of 9