July 2025
Live Unlimited
4[th] Floor
2 Bristol Avenue, London NW9 4EW Tel 0208 359 2325
www.liveunlimited.org.uk
Trustees Annual Report 2024 – 2025
The reporting period is from 1[st] April 2024 to 31[st] March 2025. Live Unlimited is a registered charity (Charity No. 1197754) created to provide support, opportunities and enrichment activities for Barnet’s 350 looked after children and 300 care leavers.
The Trustees
John Hooton (Chair) Lee Robinson (Secretary) Madiha Bhenick (Treasurer) Jenni Mohammadi (Projects Lead & Lived Experience Trustee) Ira Bhattacharya (Fundraising Lead) Sheena Leng (Trustee) Harriet Boamah (Safeguarding Trustee) Holly Grant (Lived Experience Trustee) Aaliyah Fozol (Lived Experience Trustee)
We are very grateful to our trustee who stepped down in the past year: Caroline Glitre
Live Unlimited Staff Team
Sue Cocker, Operations Director (0.8) Anna Graham and Michelle Gyamfi, Projects Officers x 2 (0.8) Tori Jacovides, Fundraiser (0.5)
At the end of February 2025, our long-standing Operations Director stepped down and our Fundraiser stepped up to become an Interim Operations Director whilst we recruited a permanent Chief Executive. We are immensely grateful to Sue for her years of service and for growing Live Unlimited. We are also grateful to Tori for holding the reigns whilst we recruited a new Chief Executive.
Page 1 of 9
Charitable objects
Live Unlimited’s Charitable Objects are:
“To advance in life and help young people who are, or have been in the London Borough of Barnet care through:
(a) The provision of recreational and leisure activities provided in the interest of social welfare, designed to improve their conditions in life;
(b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals and;
(c) Supporting and promoting improvement in the education achievement.”
Chair’s Report:
This year saw Sue Cocker, our long-standing Operations Director, step down, as well as our treasurer, Caroline Glitre. Both will be solely missed and hard to replace, having dedicated much of their time and effort to making Live Unlimited into the much-loved charity it is today.
It has been another busy year with Live Unlimited delivering a total of 1486 hours across the year, benefitting 359 care-experienced 359 children and young people. We have organised trips to the theatre, a theme park, and kayaking. We have given young people the opportunity to write and record music, to be mentored, to attend a regular Outdoor club and this year eight learners passed their driving tests – six of them on their first attempt.
As ever, I remain immensely grateful to our small but mighty staff team, our volunteers, and our board of trustees who work tirelessly for the cause – three of them even jumped out of a plane for Live Unlimited this year!
Finally, thank you to all our donors and funders, without whom none of these schemes would be possible. Thank you so much for your continued support. John Hooton
Chair, Live Unlimited
Number of young people impacted by our opportunities 2024/25
| Creative Lives: Art Lives Sound Lives |
1 5 |
|---|---|
| Drive Ahead | 18 theory,20 lessons |
| Outward Bound | 5 |
| Imagination Unlimited Trips Fund |
30 38 |
| Outdoor Club | 11 |
| Christmas Vouchers Aspire Higher Plus |
275 9 |
| Total number of recipients | 412 |
Page 2 of 9
Christmas Vouchers
As in previous years, we provided £20 gift vouchers for care leavers and young people living in semi-independent accommodation aged 17+. For many young people this is an opportunity to purchase a gift just for themselves. One young person said “I used it in Iceland to get some food. I truly appreciate your kind gesture. It means a lot to me”.
Driving Ahead
Our flagship Driving Ahead scheme continued to be extremely popular amongst care leavers, with a waiting list of young people eager to apply for 46 hours of free driving lessons. Over the course of the year the test backlog which had dampened our numbers of people taking their test began to ease, leading us to increase the number of drivers having lessons at any one time from 9 to 11. During this time, we purchased 595 hours of driving lessons with 38 people enrolled on the scheme, 20 receiving driving lessons, and of those, 12 took their test with 8 passing and 4 failing. The young people who passed are using their driving licences for a variety of different ways including as a mobile aesthetician, trainee mechanic and a plumbing apprenticeship.
Outdoor Club
We had 11 attendees at Outdoor Club over the three terms. A feedback survey carried out with the younger group showed that all the children rated the club 10 out of 10. In fact, one child said he rated the club “10 trillion out of 10!”. The children carried out activities such as pond dipping, making food with ingredients from the farm such as edible flowers, playing games in the woods and looking after the chickens. The carers told us that their children’s sleep, concentration at school and confidence had all improved since regularly attending Outdoor Club.
Page 3 of 9
Imagination Unlimited
Imagination Unlimited received 38 applications, the majority of which were for bicylces – we were able to provide 9 this year – and sports equipment.
We took a group of 5 care leavers on a trip to Thorpe Park’s Fright Night – it was “amazing” and “scary, in a good way” and we took 25 children in care to see Frozen the Musical; for many it was their first experience of going to the theatre.
Aspire Higher Plus
The programme ran for a second term, despite limited take up in the first term, and we attracted 6 people to this mentoring scheme, equiping, inspiring and empowering them in making the right choice of job role of career path for them.
Across both years we offered this, 3 of the 9 mentees secured employment and 1 secured an apprenticeship. 8 out of the 9 mentees expressed that they enjoyed their sessions with the mentor, reporting positive primary and secondary outcomes including confidence in pursing employment opportunities as well as increased confidence and optimism about their future.
The scheme saw one applicant, Indika, focus on enhancing her confidence and actively submitting job applications, resulting in her receiving offers for part-time positions as a Peer Leader at Art Against Knives and as a Recreational Sessional Worker at Unitas Youth Zone.
Another applicant, Ahmed, received encouraging feedback from one unsuccessful application, and was advised to reapply the following year, and he was later offered a role as a tour host at Arsenal FC.
The scheme ended in November 2024.
Fundraising
We are incredibly grateful to the large number of organisations, trusts and foundations and individuals who have donated to Live Unlimited. Without their
Page 4 of 9
continued support we would not be able to create life changing outcomes for Barnet’s care experienced young people.
| Source | Amount | % |
|---|---|---|
| Donations andgifts | 51,006 | 24.78% |
| Gift Aid | 2,109 | 1.02% |
| Legacies | - | 0.00% |
| General grants provided by government/other charities |
95,062 | 46.18% |
| Membership subscriptions and sponsorships which are in substance donations |
2,370 | 1.15% |
| Donated goods, facilities and services |
52,134 | 25.32% |
| Interest income | 3,065 | 1.49% |
| Other | 115 | 0.06% |
| Total | 205,862 |
Corporate Donations
We are extremely thankful to the following businesses who supported us this year, enabling us to continue to deliver our life changing schemes.
| Capita | £10,000 | Unrestricted |
|---|---|---|
| Bumblebee Lettings | £10,000 | Unrestricted |
| London Borough of Barnet | £52,134 | Donation in kind for Operations Director Salary plus on costs |
Trusts and Foundations
We are also incredibly grateful to the following trusts and foundations for their new and continued support throughout this year and beyond.
| Trust & Foundation | Amount | |
|---|---|---|
| Beatrice LaingTrust | 5,000.00 | Restricted (Outdoor Club, Aspire Higher & DrivingAhead |
| Broughton FamilyCharitable Trust | 250.00 | |
| Buzzacott Stuart Defries Memorial Fund |
1,000.00 | |
| Garfield Weston Foundation | 30,000.00 | Restricted – Core Cost |
| GowlingWLG Trust | 1,500.00 |
Page 5 of 9
| HadleyTrust | 20,000.00 | Restricted – Operational Director Salary |
|---|---|---|
| Jesus Hospital Trust | 5,000.00 | Restricted |
| London CommunityFund | 25,200.00 | Restricted Salaries |
| Rachel Charitable Trust | 100.00 | |
| S & J Fogel Charitable Trust | 45.00 | |
| The BigGive Trust | 5,967.00 | |
| The Cecil Bell House Trust | 500.00 | |
| YBS Charitable Fund | 500.00 |
Challenge Events
Recruitment remained a challenge for fundraising events so we were delighted that trustees Jenni, Holly and Aaliyah completed a sky dive in September 2024 raising over £2000 for Live Unlimited! We’re so grateful for your bravery and support!
Community Fundraising
The Friends of Belmont School selected us as their charity of the year and donated £8,763.91. Other donations came from Barnet Brookside Methodist Church (£221.50), and a Christmas Carol Concert (£223.94).
Friends of Live Unlimited
FoLU was introduced in May 2024. The concept is that our Friends can contribute as much or as little as they are able to support us. There are three ways for Friends to
Page 6 of 9
assist in connecting us with their networks or communities: they can advocate by sharing their experiences with us, connect us by actively involving others in our mission, or share by fundraising to secure financial support and raise awareness. Friends are also welcome to participate in our social gatherings, meet-ups, and events. Since our launch, we have welcomed 12 Friends into our community, each receiving a newly designed welcome pack. We currently connect with our Friends through monthly bulletins that are sent out during the first week of every month. The upcoming bulletin is scheduled for July 2[nd] , and our future goals for our Friends include, starting regular coffee mornings to exchange fundraising ideas, as well as sending out invites for them to participate in upcoming events such as school assemblies and the sound lives showcase, where they will be able to engage with our stakeholders to promote our initiatives.
Friend of Live Unlimited Elias Kviat-Driscoll arranged a school assembly to raise awareness about children in care in Barnet and he raised over £1,200 through his synagogue, as part of his Bar Mitzvah project.
Governance & Resourcing
LU comprises of a board of nine voluntary trustees led by the Chairperson, Treasurer and Secretary with an Operations Director, two Projects Officers and Fundraiser.
Trustees
Caroline Glitre stepped down as Treasurer in September 2024 and we were delighted to welcome Madiha Bhenick as the new Treasurer.
Business Plan
The Business Plan was amended with revised targets for scheme delivery, improved client engagement, refreshed branding, and a new website.
Page 7 of 9
A fundraising strategy was approved with revised deliverables reflecting the current challenging fundraising climate.
Volunteers
Thanks to Christina Sheils, our volunteer Bookkeeper, for her continued support.
Bank Accounts
LU has a current account and two CAF Gold accounts with CAF Bank, 10 St. Bride Street, London EC4A 4AD.
Trustee Remuneration
The trustees are all unpaid volunteers.
Trustee Expenses
To date no expenses claims have been made by the trustees.
Staff Costs and Emoluments
| AgencyCost | 70,978.19 |
|---|---|
| Salary | 44,336.27 |
| Interim Director | 5,469.75 |
As from Feb 2025, our project officers were brough in-house for business continuity and lower operating costs.
The director salary was partly funded from LBB donation in kind which ended this financial year 24-25.
As the Director of Operations left in February, we had an Interim Operations Director from February – April 2025 which is included in the salary
Costs of Audit, Independent Examination or Reporting Accounting Services and other Financial Services
No costs of audit were incurred in the period.
An independent examination of the accounts is pending.
The Basis of the Preparation of the Accounts
The accounts are prepared on an accruals basis, including all expenses and all income during the period of 1[st] April 2024 to 31[st] March 2025.
Exemptions of Disclosure
As required by the SORP there are no related party transactions in the reporting period that require disclosure.
Page 8 of 9
There are no funds held as custodian trustee on behalf of others.
Page 9 of 9
----- Start of picture text -----
Live Unlimited Charity No
(if any) 1197754
Annual accounts for the period
Period end
Period start date 01-Apr-24 To date 31-Mar-25
----- End of picture text -----
Section A Statement of financial activities
| Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 91,115 60,500 - 151,615 153,131 - - - - - - - - - - 3,065 - 3,065 4,564 - - - - - 115 - - 115 - |
|---|---|
| 94,295 60,500 - 154,795 157,695 |
|
| 27,950 - - 27,950 30,077 77,479 12,900 - 90,379 115,483 - - - - - 62,929 50,000 - 112,929 73,212 |
|
| 168,358 62,900 - 231,258 218,772 |
|
| 74,063 - 2,400 - - 76,463 - 61,077 - |
|
| - - - - - |
|
| 74,063 - 2,400 - - 76,463 - 61,077 - |
|
| - - - - - - - - - - - - - - - - - - - - |
|
| 74,063 - 2,400 - - 76,463 - 61,077 - |
|
| 239,060 59,348 - - 179,712 240,789 |
|
| 164,997 61,748 - - 103,249 179,712 |
Section B Balance sheet
| Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees |
Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21 |
Unrestricted funds £ F01 - - - - |
Restricted income funds £ F02 - - - - |
Endowment funds £ F03 - - - - |
Total this year £ F04 |
Total last year £ F05 |
|---|---|---|---|---|---|---|
| - - - - |
- - - - |
|||||
| - | - | - | - | - | ||
| - - - 135,805 |
- - - - |
- - - - |
||||
| - - - 135,805 |
- - - 202,900 |
|||||
| 135,805 | - | - | 135,805 | 202,900 | ||
| 23,188 | ||||||
| 32,556 | - | 32,556 | ||||
| 103,249 | - | - | 103,249 | 179,712 | ||
| 103,249 | - | - | 103,249 | 179,712 | ||
| - - |
||||||
| - - |
- - |
- - |
- - |
|||
| 103,249 | - | - | 103,249 | 179,712 | ||
| - 103,249 |
- | - | ||||
| - - 103,249 - |
- 59,348 - 239,060 |
|||||
| 103,249 | - | - | 103,249 | 179,712 | ||
| Signature | Madiha Bhenick John Hooton Print Name |
Date of approval dd/mm/yyyy 29/01/2026 29/01/2026 |
CC17a (Excel)
02/02/2026
2
CC17a (EX1> 0210212026
Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.*
- -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support The charity is considered a Going Concern as at year end 31 the conclusion that the charity is a going March 2025 there was 143k in the bank. concern; Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
----- Start of picture text -----
Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy; N/A
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; N/A
and
(iii) the amount of the adjustment for each line affected in
the current period, each prior period presented and the
aggregate amount of the adjustment relating to periods N/A
before those presented, 3.44 FRS 102 SORP.
----- End of picture text -----*
1.4 Changes to accounting estimates
----- Start of picture text -----
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of any changes; N/A
(ii) the effect of the change on income and expense or assets and liabilities for the current period; and N/A
(iii) where practicable, the effect of the change in one or
more future periods.
N/A
----- End of picture text -----*
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
----- Start of picture text -----
Yes * -Tick as appropriate
No
Please disclose:
(i) the nature of the prior period error; N/A
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
N/A
(iii) the amount of the correction at the beginning of the N/A
earliest prior period presented in the accounts.
----- End of picture text -----
CC17a (Excel)
02/02/2026
4
Section C Notes to the accounts
Note 2 Accounting policies
Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.
2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE
Please provide a description of the nature of each change in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102 Start of End of period period £ £ Fund balances as previously stated Adjustments: Fund balance as restated End of £ Net income/(expenditure) as previously stated Adjustments:
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
Previous period net income/(expenditure) as restated
CC17a (Excel)
02/02/2026
5
Section C Notes to the accounts (cont)
Note 2 Accounting policies 2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
| Recognition of income Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other |
Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a |
|---|---|
p p g g y benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other claims income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and Investment gains and losses any gain or loss resulting from revaluing investments to market value at the end of the year.
| 2.4 ASSETS Intangible fixed assets Heritage assets Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. These are capitalised if they can be used for more than one year, and cost at least Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. g g y benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. |
Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a |
|---|---|
----- Start of picture text -----
Debtors (including trade debtors and loans receivable) are measured on initial recognition at Yes No N/a
Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and cash Yes No N/a
Current asset investments equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED N/A
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
----- End of picture text -----
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees
Charity Name
Live Unlimited
On accounts for the year ended
31[st] March 2025
Charity no (if any)
1197754
Set out on pages
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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 .
Signed:
Samuel Moore, Harsh Patel
Date:
27/01/2026
1
Oct 2018
IER
Name:
Samuel Moore, Harsh Patel
Relevant professional qualification(s) or body (if any):
CIPFA Trainee
Address:
London Borough of Barnet, 2 Bristol Avenue, Colindale, NW9 4EW
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
A re-review of certain areas was required due to small amendments to the accounts. These amendments included:
-
i) The deferral of a £25,000 grant donation into the appropriate accounting period in line with the grant conditions
-
ii) Related updates to the presentation and allocation of restricted and unrestricted funds within the reserves and expenditure notes (N3, N6, N27.1 and N27.3)
These changes have been appropriately reflected within income and other relevant disclosures, and the auditor is content with such revisions.
2
Oct 2018
IER