The Livingbridge Foundation Trustees' Report and Unaudited Financial Statements For the year ended 31 December 2024 Company number: 13071730 Charity registration number: 03630106
1 Livingbridge 6 LP Report to the investors for the six months ended 30 June 2023
The Livingbridge Foundation (a company limited by guarantee)
Contents
| Page | |
|---|---|
| Trustees and Professional Advisers | 1 |
| Trustees’ Annual Report | 2 – 4 |
| Trustees' Responsibilities Statement | 5 |
| Independent Examiner’s Report to the Trustees of The Livingbridge Foundation | 6 – 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Statement of Cash Flows | 10 |
| Notes to the Financial Statements | 11 - 14 |
The Livingbridge Foundation (a company limited by guarantee)
Trustees and Professional Advisers
Directors (and Trustees) J Dennison (Chair) X Woodward C Hale A Yateman-Smith A Berwick Registered number 13071730 Charity number 1194565 Registered office 100 Wood Street London EC2V 7AN Independent Examiner David Hoose Forvis Mazars LLP 30 Old Bailey London EC4M 7AU Bankers Lloyds Bank Plc 39 Threadneedle Street London EC2R 8AU Solicitors Mills & Reeve 24 King William Street London EC4R 9AT
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The Livingbridge Foundation (a company limited by guarantee)
Trustees' Annual report For the year ended 31 December 2024
The Trustees, who are also the Directors of the Charity, present their report and the independently reviewed financial statements of The Livingbridge Foundation ("the Company") for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the memorandum and articles of association dated 9 December 2020, the Charities Act 2011, the Statement of Recommended Practice: applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), Charities SORP FRS 102 and the Companies Act 2006.
Principal activity
The general aim of the Company is to support a range of charitable organisations which are consistent with the Foundation's aims of promoting Equality, Diversity, Opportunity, and Entrepreneurship. The Company also offers a donation matching scheme for Livingbridge employees whereby donations to board-approved charities will be matched up to £1,000 per employee donation.
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. In particular, the Trustees consider how planned activities will contribute to the aim and objectives they have set.
Governance
The Company is limited by guarantee and does not have share capital, it was incorporated on 9 December 2020 and registered as a charity on 21 May 21.
The Company was established under a memorandum of association, which set out the objects and powers of the charitable company and is governed by its articles of association, last updated December 2020.
The Trustees followed the procedures advised by the Charity Commission before making appointments for positions. All Trustees give their time voluntarily and receive no benefits from the Charity. No expenses were reclaimed from the Charity in the period.
Appointment of Trustees
Appointment via Board ordinary resolution.
Going Concern and reserves policy
The Trustees (and Directors) consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
The trustees aim to maintain free reserves in unrestricted funds of approximately £50,000, which represents the mid-range of grants provided to our charity partners. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. The balance held as unrestricted funds at 31 December 2024 is £155,156 (2023: £184,123), which is above the amount the trustees aim to maintain per the reserves policy. The members of the Foundation have made unconditional donation commitments to the Foundation which exceed these grant commitments and will increase the free reserves held in unrestricted funds when called upon by the trustees. The trustees are able to call on these commitments as and when required, including if there is an urgent need, and therefore consider that the charity remains a going concern.
Trustees (and Directors)
The Trustees (and Directors) who held office during the financial period and up to the date of this report were:
J Dennison C Hale A Yateman-Smith A Berwick
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The Livingbridge Foundation (a company limited by guarantee)
Trustees' Annual report (continued) For the year ended 31 December 2024
Achievements and performance
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Total number of charities that grants were paid to was 6 (2023: 9).
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The total value of grants was £151,652 (2023: £430,395).
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Of which none were commitments recognised in the prior period (2023: £0).
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The total value of donations received was £132,036 (2023: £608,624).
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The total number of causes covered was 4 (2023: 4),
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Improving social mobility and addressing educational disadvantages
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Homelessness
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Prison Rehabilitation
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Health
Below is a review of the Foundation’s awards this year. All of these programmes represent the values of the Foundation, and the Trustees are proud to support them.
Hideout Youth Zone
- donation in period: £25,000
HideOut Youth Zone (HOYZ) is a charity dedicated to supporting young people in Gorton - one of the most deprived areas in Manchester. Combined with high-crime and gang-related issues in surrounding areas HOYZ is positioned on ‘Neutral’ ground ensuring it is a safe zone for community engagement and can reduce the number of young-people on the ‘streets’ vulnerable to gangs.
Stars Foundation
- donation in period: £50,000
Stars Foundation uses a highly successful, tailored approach to provide holistic mentoring support to one of the most at-risk groups in Australia – Aboriginal and Torres Strait Islander girls and young women. Stars operates full-time, intensive support programs for Indigenous girls in schools, with the aim of improving health and education outcomes for this cohort.
upReach
- donation in period: £25,000
upReach is a UK social mobility charity that provides eligible undergraduates from lower socio-economic backgrounds with a comprehensive, personalized program of support to help them access and sustain top graduate jobs in sectors like Banking, Law, Technology, and Professional Services. Their work involves partnering with leading universities and employers to offer career courses, skills development, professional networking opportunities, mentorship, and exclusive events and internships.
Roundhouse
- donation in period: £55,000
The Roundhouse is a hub of inspiration where artists and emerging talent create extraordinary work and where young people can grow creatively as individuals. We believe in the power of creativity to change lives. By giving young people the chance to engage with the arts through our music, media and performance projects, we inspire them to reach further, dream bigger, and achieve more.
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The Livingbridge Foundation (a company limited by guarantee)
Trustees' Annual report (continued) For the year ended 31 December 2024
Future Plans
One of the key objectives of the next year is to assess the impact of the grants made by the Foundation to date with a view to informing how and where future grants should be made. The Company expects to continue supporting charities through further periodic grants, alongside new charities identified by the Trustees which are consistent with the Foundation’s aims.
Results for the period
Total income for the period amounted to £132,036 (2023: £608,624). Donations and operating expenses totaled £161,003 (2023: £468,110), which resulted in a net loss in funds of £28,967 (net gain in funds 2023: £140,514). Total funds carried forward at year end amounted to £155,156 (2023: £184,123).
Disclosure of information to independent reviewer
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
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so far as the Trustee is aware, there is no relevant information of which the Company's independent reviewer is
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unaware; and
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the Trustee has taken all the steps that ought to have been taken as a #Trustee in order to be aware of any relevant information and to establish that the Company's reviewer is aware of that information.
This Trustees’ report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board on and signed on its behalf by: 25/09/2025
Jeremy Dennison (Sep 25, 2025 14:31:29 GMT+1) ~~Jeremy Dennison~~
J Dennison
Chair/Trustee
Page 4
The Livingbridge Foundation (a company limited by guarantee)
Trustees' Responsibilities Statement for the year ended 31 December 2024
The Directors (who are also Trustees) are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP FRS 102).
The law applicable to charities in England and 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 Company at the year end and of its incoming resources and application of resources during that year. In preparing the financial statements, the Trustees should follow best practice and are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the applicable Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis, unless it is inappropriate to presume the Company will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and which enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the Trust Deed. The Trustees are responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Independent Examiner’s Report
Independent Examiner’s Report to the Trustees of The Livingbridge Foundation
I report on the financial statements of The Livingbridge Foundation for the year ended 31 December 2024, which are set out on pages 9 to 15.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(b) of the 2011 Act.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. 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 examination work, for this report, or for the statements I have made.
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:
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accounting records were not kept in respect of The Livingbridge Foundation in accordance with section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
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Independent Examiner’s Report
Independent examiner’s statement (continued)
- the financial statements have not been prepared in accordance with the methods and principals of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
David Hoose (Sep 25, 2025 14:32:01 GMT+1)
David Hoose Forvis Mazars LLP 30 Old Bailey London EC4M 7AU
Date: 25/09/2025
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The Livingbridge Foundation (a company limited by guarantee)
Statement of Financial Activities For the year ended 31 December 2024
| Statement of Financial Activities For the year ended 31 December 2024 |
|||
|---|---|---|---|
| For the year | For the year | ||
| Ended | Ended | ||
| 31 December |
31 December |
||
| 2024 | 2023 | ||
| Income Note Donations 3 Gross income Expenditure Charitable activities 4 Other expenditure 5 Total expenditure Net (loss) / gain in funds Fund balance brought forward Unrestricted Funds Fund balance carried forward |
£ | £ | |
| 132,036 | 608,624 | ||
| 132,036 | 608,624 | ||
| (155,922) | (462,315) | ||
| (5,081) | (5,795) | ||
| (161,003) | (468,110) | ||
| (28,967) | 140,514 | ||
| 184,123 | 43,609 | ||
| 155,156 | 184,123 |
All amounts are derived from unrestricted funds.
The notes on pages 11 to 14 form part of these financial statements.
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The Livingbridge Foundation (a company limited by guarantee) Registered number: 13071730
Statement of Financial Position For the year ended 31 December 2024
| Note Current assets Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 7 Net current assets Non-current liabilities Creditors: amounts falling due after one year 8 Creditors: amounts falling due after more than one year Net assets Representing: Unrestricted Funds Total charity funds |
2024 £ 180,264 |
2023 £ |
|---|---|---|
| 312,399 | ||
| 180,264 (25,108) |
312,399 | |
| (128,276) | ||
| 155,156 | 184,123 | |
| - | ||
| - | ||
| 155,156 | 184,123 | |
| 184,123 | ||
| 155,156 | ||
| 155,156 | 184,123 |
The trustees consider that the Company is entitled to exemption from the requirement to have an audit under section 477 of the Companies Act 2006 (“the Act”) and have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.
The Trustees (who are also the Directors) acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company.
These financial statements were approved by the Board of Trustees on and were signed on its behalf 25/09/2025 by:
Jeremy Dennison (Sep 25, 2025 14:31:29 GMT+1) ~~Jeremy Dennison~~
J Dennison Director
The notes on pages 11 to 14 form part of these financial statements.
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The Livingbridge Foundation (a company limited by guarantee)
Statement of Cash Flows For the year ended 31 December 2024
| Note Cash flows from operating activities |
For the year ended 31 December 2024 £ |
For the year ended 31 December 2023 £ |
|---|---|---|
| Net movement in funds | (28,967) | 140,514 |
| Adjustments for: | ||
| Decrease in creditors | (103,168) | (65,679) |
| Net cash (used in) / generated from operating activities Net (decrease) / increase in cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at the end of the year Analysis of cash and cash equivalents Cash at bank Total cash and cash equivalents |
(132,135) | 74,835 |
| (132,135) 312,399 |
74,835 | |
| 237,564 | ||
| 180,264 | 312,399 | |
| 180,264 | ||
| 312,399 | ||
| **180,264 ** | 312,399 |
The notes on pages 11 to 14 form part of these financial statements.
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The Livingbridge Foundation (a company limited by guarantee)
Notes to the financial statements For the year ended 31 December 2024
1. General information
The Livingbridge Foundation is a private company incorporated, authorised by the Charity Commission (No 1194565), domiciled and registered in England and Wales in the UK. Its registered office and principal place of business is 100 Wood Street, London, EC2V 7AN.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules unless otherwise specified in the accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland (“FRS 102”) and the Companies Act 2006.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: (Accounting and Reporting by Charities) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
2.2 Going concern
The Trustees (and Directors) consider that there are no material uncertainties about the charitable Company's ability to continue as a going concern.
The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
2.3 Foreign currency translation
Functional and presentation currency
The Company's functional and presentational currency is British Pounds Sterling ("GBP" or "£"). Monetary amounts in these financial statements have been rounded to the nearest £.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the
dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and nonmonetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Financial Activities.
2.4 Donations
Donations are recognised upon receipt. Donations are measured as the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.
2.5 Expenses
Expenses are recognised on an accruals basis in the period that they are incurred. Expenses are inclusive of elements of value added tax which cannot be recovered.
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The Livingbridge Foundation (a company limited by guarantee)
Notes to the financial statements (continued) For the year ended 31 December 2024
2. Accounting policies (continued)
2.5 Expenses (continued)
Expenditure on charitable activities is the direct and associated costs of providing grants to organisations which the Company has selected to support.
2.6 Grants
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Company. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside the control of the Trust.
2.7 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
2.8 Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2.9 Gains and Losses
All gains and losses are taken to the Statement of Financial Activities as they arise.
3. Donations
Income from donations totaled £132,036 (2023: £608,624) which was unrestricted.
All donations arose within the United Kingdom and Australia.
4. Analysis of expenditure on charitable activities
The charity undertakes its charitable activities through grant making and awarding grants to a number of charities, trusts and other appropriate organisations in furtherance of its charitable activities.
| Support grants to institutions Matched donations |
For the year ended 31 December 2024 £ 151,652 4,270 155,922 |
For the year ended 31 December 2023 £ 430,395 31,920 |
|---|---|---|
| 462,315 |
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The Livingbridge Foundation (a company limited by guarantee)
Notes to the financial statements (continued) For the year ended 31 December 2024
4. Analysis of expenditure on charitable activities (continued)
| Support grants to institutions Minds Matter Impetus - The Private Equity Foundation Hideout Youth Zone Switchback Wokingham & Emmbrook Football Club Stars Brathay Trust upReach The Roundhouse Rays of Sunshine The Felix Project |
For the year ended 31 December 2024 £ (5,000) - 25,000 - 652 50,000 - 25,000 55,000 1,000 - 151,652 |
For the year ended 31 December 2023 £ 63,995 125,000 25,000 50,000 - 50,000 65,000 - 50,000 1,000 400 |
|---|---|---|
| 430,395 |
A description of the projects funded by the grants is given in the Trustees’ Annual Report.
5. Other expenditure
| Accountancy Fees Independent Examination Fees Bank charges Legal Fees |
For the year ended 31 December 2024 £ 2,400 2,616 65 - 5,081 |
For the year ended 31 December 2023 £ 3,690 2,045 60 - |
|---|---|---|
| 5,795 |
Fees payable to the independent examiner for their independent review is £2,616.
6. Employees
None of the Trustees (and Directors) received or waived any emoluments for their services to the Company during the reporting period. The Trustees of the Company give their time voluntarily and receive no benefits.
During the reporting period the Company had no employees.
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The Livingbridge Foundation (a company limited by guarantee)
Notes to the financial statements (continued) For the year ended 31 December 2024
7. Creditors: amounts falling due within one year
| Trade Creditors Other Creditors Grant Commitments Accruals |
For the year ended 31 December 2024 £ - 20,368 - 4,740 25,108 |
For the year ended 31 December 2023 £ - 21,098 105,000 2,178 |
|---|---|---|
| 128,276 |
All creditors are financial liabilities held at amortised cost.
All grants are subject to board approval and review. The Trustees have retained the discretion to reallocate these monies if performance criteria are not met. Grant commitments are recognised when Trustees approval has been given via board meetings.
8. Creditors: amounts falling due after one year
| Grant Commitments | For the year ended 31 December 2024 £ - |
For the year ended 31 December 2023 £ - |
|---|---|---|
9. Subsequent Events
There have been no events, adjusting or non-adjusting that require further disclosures since the end of reporting date.
10. Related party transactions
There have been no related party transactions in the year that require disclosure (2023: none).
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