CV UFE A COMPAIIY LIMITED BY GUARANTEE Charity number 1197786 Company number 13370057 FINANCTAL ￿ATEmE14T$ FOR THE YEAR ENDED 31 MARCH 2025 I IiiiiiiiN *AEW7124 1711212025 CCWANIES Pl￿$É A10 1108 CV UFE A COMPANY LIMITED BY GUARANTEE FOR THE YEAR EIIDED 31 MARCH 2025 PAGE C(ynpany Infomat RerTht oftr* ￿"re(t￿5 In(k￿￿￿ent Aud￿5 Re￿rt ststemert of Finanoal kn'v**s Notes to the Fina￿JaI gatell￿1 CV LIFE A COMPANY LIMfrED 8Y GUARANTEE COMPANY INFORMATIOII FOR THE YEAR ENDED 31 MARCH 2025 DIRECTORS L. knrtage E. S. Couk)n A. M. Mehta D. R. M¢Mcroft K. Railion A. M. Shaw REGISTERED OFFICE Xtrl Leiwre Centre. Mrtchell Avenue. Coventry. England. CV4 8DY REGISTERED COMPAIIY NUMBER I337￿57 (England and Wales) REGISTERED CHARrrY NUMBER 1197786 AUDITOR Dafferns Audt ￿"MIted Chartffed kcountsnts One Eastwc Harry wes￿ Road Binley &Jsiness Park CcNentry CV3 2UB BANKERS NatWe5t 8ank Plc. Coventry Oty Office 24 Bro￿te cvi izz CV UFE A COMPAIIY L1141TED BY GUARAIIYEE REIIORT OF THE DIREcfoRS FOR THE YEAR ENDED 31 MARCH 2025 FOR TIIE YEAR ENDEO 31ST MARCH 2025 The.Direclors, who are also Trustses, pre$ent th•'r rermyt Ihe finar•l statemerbts of the eharrtable company for the year ended 31st March 2025. PRINCIPAL ACTIVITY The pnnapal activity oflhe cwny in Ihe yew wjer revw was the prcNision of administrati¢)n and resourcing supp￿1 io select Charit￿5. DIRECTORS The Directors vtho have 5eryed during Ihe year and year end a5 follows.. O. Moorcroft L. Amitage M. Coulon A. Metha K. Railton A. Shaw ADMINISTRATIVE INFORMATION The company is governed by rts Memowdum and Arbdes ofA550¢1ati￿. Coryany Number.. 13370057. The company is a regBtereil {No. 1197786). CHARITABLE OBJECTIVES These slate that the overall obpctive for Ihe beneffit is to FKomote and improve effic￿r￿ and effectiveness of charities through ihe provision of maro3ement. administraiive and resourcing support.. ftjnding and Serv￿*$ contracts.. nd assislance in the measurement and reports'ng of swal impxt. POLICIES TO ACHIEVE O&JECTIVES As a subsidiary ofcoventry Sports Foundati￿, CV Life promcies and iMpro￿the effioencyand effedNeness oftharil Ihrough the provision of rnanagemenl. administTati¥e and rv6ourryng support., funding St￿l¢e5 ¢ontracts'. and assistan￿ in the measuremenl and reporting of scoal impact. Culture Coventry Tw5t {ccn and Coventry Sport Foundation (CSFI operate as CV Lrfe. CV Lrfe aims to undersland and maximrie Ihe positNe impact sport. arts. leisure and culture has on thÈ lives of Feople of Coventry. espetsalty those expenenang the greatest Inequality. Resource Ihè app(M"ntment of a Strategy and Impad Director to operate acfOSS CCT and CSF. Working alongsidè CSF and CCT to ueale a bud9èt Ihai enables Ihe conbnuin9 amkn.lion to meet the charitable objecbves aiming to ensufe that peopk have affotdabk accesslo leisuie, health, well-beirrfJ and cutture provision that ha5 Posltive Impact on their lives Make systemafy'c use ofdata and insghts to maxwThze XKial and emiironmental wnpactthrou9h building caparity. kno￿edge and skills wrthin CSF and CCT ieams. Focus on Equity. Divefsity and Indu&on IEDII work and dr4ersifying Governance presents an opportunty to CA)ntinue to stnve towards a cutiure of t*iongirrtJ for all. The Trustees have had iegard to Charrty Comrniw¢)n guthrte on Publ￿ ben*ft. CV LIFE A COMPANY UH￿E0 BY GUARAIITEE REPORT OF THE DIREcfoRS- continued FOR THE YEAR ENDED 31 MARCM 2025 ORGANISATIONAL STRUCTURE The Board of DifeL#ors are ￿sPOnsb1e for the operatwl financial managemeni of the Tnjst. The Board meet quarterly and rn￿e freql*nI￿ when required. New Directors a￿ re￿Mfflended ty in¢JMdual directors and theK appc*nt￿lI ￿lfirmed at a DIr￿tors. meefing. Llpon Ihe apwntmenl of any new Directors. a full besFoke lThYL￿tiCfi prrKess is planned in order to ensure complete famil￿rity and underslandiThJ of the Twst's ￿lectiveS and Operati¢￿ aThJ the roles and resp)nsibihties of the Diredors. PAY AMD REMUNERATION OF KEY MANAGEMEMT PERSONNEL The company doesn't employ any staff, the Company Secretary acts as rfs key manag&ment and overseas day to day adi¥ib"es through his rgle as Chief Exe￿￿"ve Officer of Co¥entry s￿rts FoLM)dation. ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR The chanty continued lo pro¥￿e funding to support Ihe salaried appointrnent of a Strnlegy & Impact Director across CSF and CCT. This year the Strategy and Impact Direcaor develo￿1 Ihe fiwsl CV Life lryacl ieport plan. The CV Lrfe Transformal￿n programrTE was laurKhed. desvJned lo cwsolidale Ihe CV ￿fe identity arK1 brand, inclusive of Sl8ff across all wles now wear the CV tife Urmfm the lemi'operatiThJ a$ CV tifè. 1$ fvlly ernbedded in wiitten SFK)ken communicat#Jn. FINANCIAL REVIEW. RISKS AND RESERVES POUCIES Total income was £76,200, in the main comprisir#J managen*nt fees for support provided to chanties. Totsl èxptnditure was £43,126. The nel incor¥E for the year was £33.074 The Balance Sheet Shows Net Assets of £33,074 PLANS FOR THE FUTURE The charity will contynue to Coventy Sports Foundalion aThJ Cutture Coventry Trust throughout year to monitor and ￿pOrt any lasting so¢ial impact. with the ￿￿￿0pment of the first impaca report. STATEMENT OF TRUSTEES'IDIRECTORS. RESPONSIBIUTies The Trustees a￿ responsible for Pfeparing the TrusleÈs' Annual Report ihe ffinanoal slaternènts in accordancÈ with applicable law and United KingdornAccounling s￿ndards {Unrted ￿"n￿10M Generally Accepted Accounting Practice}. Company law requires the Trustees to preparè financial Statem￿1$ foi each financial year. wh￿h give a tnJe and fair viv of the state of affairs of the chantable company and of the incomin9 resoufces and application of resources, incltjding the In¢ome arKI exFenditwe. of the chantabl¢ rnnyny fc¥ that penod. In prepar¥¥J these fin￿rial statements, the Twstees a￿ required to." select suilatsle accounting pofoes and then appty them consistentty,. obse￿* the methods and principles in Ihe Charities SORP 2019 IFRS 1021.. make judgements and esb"mates that a￿ reasonable and wdent.. stale whether applicable UK Accounting Standards have been followed. subject to any material departures disdosed and explained in Ihè finanaal stalemenls.. prepare the fina￿￿?1 statements on Ihe going Cc￿ceM ba&s unless it 15 inappropriate to presume that the chartsble ¢A)mpany wll Lx)ntirwe in operabon. The Trustees are respon*ble lor keeping adÈquate accounbThJ rtCA)rds that disdose wth reasonable accuraq at any ￿me the financial position of Ihe chantable company and enable them lo ensu￿ that the fIna￿a81 statements comply with the Companies Act 2C#)6 They are also responsitAe for safeguardin9 the assets ol the chan￿1￿¢ ¢ompany and hence for taking reasonable sleps for the preventson and detectLon of fraiKI and olher irreyulanties. The Trustees are ￿s￿)nSIble for the fflaIntenar￿ and inte9fTty of the corrAYate and finanrial information included on Ihe charitable company's websiie. Legislati￿ in the Unite(l Kir¥•Jom goveming ts preparation and dis5erninalion of finartial stalements may differ from legiSLat￿n sn Ot￿rI￿9J1ctiOns. LV UFE A COMPANY UMTfED BY GUARANTEE REPORT OF THE OIREcfoRS- cfjntlnued FOR THE YEAR ENDED 31 MARCH 2025 STATEMEWT OF DISCLOSURE OF INFORMAnON TO AUDITORS We, the DirectoTr of the Company who hekl office at the date of approval of these financAI statements. as set out above. each confirm so far as we are aware that.. there 15 no relevant audit infomialwjn 01wh￿ the company's auditors are unaware.. and we have taken all the steps thal we 0￿jh1 to have taken as Oireclors in order to make oursefves awa￿ of any relèvanl audit infgrmaiKJn to establish that the coffyany's aLwthtors are aware of that informatw. AUDITORS The aLyJitors. Daffgms Audit Limited, wil be re-apwintet1 at the forthconwThJ Annual General Meets'ng. The report of ihe diredors has been prepared tskin9 advantage of the small ctsnpanies. exemptK•n of section 415A of Ihe Companies Act 20C6. ON BEHALF OF THE BOARD O. MO￿t0ft. Director Oated." 10 Dec￿nber 2025 INDEPENDE1￿ AUDtTOR'S REPORT TO THE MEMBERS OF CV UFE A COMPANY UMTfED BY GUARANTEE We have audTted the finanoal ststemttts of CV Lrfe (the'thartsble company? the year ended 31 March 2025. whith comprise the Statement of Finanoal Activrt*s, the BalaTr￿ Sheel aThJ notes to the finanual 5t3tements, indudityj significant accounting polic*s. The financkil frame%th that has teen aPFl￿d in their preparation is applicabk law and Untsd Kingd¢yn kcounb.ro %aTrJard5. IndudirwJ Finanaal Re￿tir￿j Standard 102 The Finanoal Rewwting StaThJard apklicable in the UK and Rewblr of Ireland (unit￿ Generalty Accerted Accounting prattl￿>. In our op*nk)n the financial statements: give a tr￿ and fair ¥￿￿ of the state of the charitable compan￿5 affairs a5 at 31 March 2025, arnt of its iTKoming resour￿ and appA￿ation of resour￿, ind￿ling rts I￿orne and ex1￿drtU￿, for the year then ended have been property prepared in aCCC￿￿nce with Untsd ￿ngth￿n {kneral￿ ￿￿pted kcounts"rKJ Practs"￿: and have been prepared in accordarKe with the requirements of the Companies Act 2006. Basis for opinion We condutted ￿Jr audit in acc(￿[￿e with Intern￿ StsThJards (N) Aud￿"r￿j (UK) (ISAS (UK)) and applKalJe law. Our reswnsbi11t￿ under those 5tan¢Jards a￿ further (kxn"tknl in the au¢Jrtor resrMsitsl￿es for audit of the finarKial atements secbon of (xjr retx)rt. We a￿ In￿￿ndent of the thantab* CLYr￿ny in ar£Ordan￿ wsth the ethical requirements that are relevant to ￿Jr audit of the financial Stateff￿nts in the UK, induding the FRC'S Ethical Stsndard, and we have fUlfil￿d our other ethiol resF¢Jnsibilities in accordan￿ wfth the￿ requirenEnts. We telieve that the audit evIden￿ we have obtsined is 9Jfficient apwoprrate to Kxowde a basis fty ¢xJr opn1￿. Conclu>ions relating to going concern In auditing the financial staternents, we have concluded that the trustees. of the grA'ng (c￿eM basi5 of accounts'ng in the preparatson of the financial staternents 15 appropriate. Based on the work we have perforrDed. we have not idenb.fied arty material uncertaintts ￿lating to events ¢y conditi¢Jns thaL individually or CO1￿ctiVe￿. may ca# ggnificant doubt on the Charitsb￿ cornpanls abilty to continue a5 a going COn￿M for a period of at ka5t months from tr* finanoal statements a￿ authorised for issue. Our reSp)ng￿"1￿.es and the re¥pysibi1￿.es of ￿ trustees wth resFert to wng cOr￿n a￿ descril)ed in the relevant sect1￿$ of this reF4Jrt. other infonnation The other informab.on comwse5 the inf￿Matic￿ induded in the tn&ees' annual report cthr than the financial statements and our auditor's rep)rt thereon. The tnJstee5 are resFongble fw the cther lnfcfrnatK￿. OUT opinion on the financial statements dces not cover the other infomwb.on aTrJ, extrFt to the extent thrwsse expfw ststed in our rem, we do not express any fomi of assura￿ co￿u￿ thtreon. Our resrx)ngbility 15 to read the cther informat*Jn and. in doiThJ ￿, a￿s￿ler whets tr* c*her infL￿ation is materially inconsistent wth the finanoal Statements or ojr kr￿e oitsined in the oxjrse of the aL#Jit or otheM* appears to te materially mi55tated. If ve ￿ents"fy such matenal i￿or￿lsten0eS or appa￿nt material misstatements, we are required to determine whether this gives rise to a material miS&ate[T￿It in the finamal statew*nts themselves. If, based on the work we have ￿rformed. V￿ conckK1e that there 15 a material rrmsstatement of ths cther inf(￿atsc￿, we are reqUI￿d to rep)rt that fatt. We have nothing to rep)rt in thts ￿ard. Opinions on other matters prescribed by the Companles Art 2006 In our opinion, based on the undertsken in the course of ￿ audrt: the informatson given in the trustees, ￿p)rt whth I[￿ude$ the ¢Jirectrys' reFTrt p￿pa￿d for the purpJse5 of company law, fry the finarKial year fc* whth the financial stakments are Wep3￿ is cor6istent with the finanaal statements; and the dirertors. report induded wrthin the trustees. reiyJt has teen preparèj in accordarKe aoicable legal require*￿nts. IIIDEPENDENT AUD￿OR's REPORT TO THE MEMBER5 OF CV UFE A COMPANY UMITED BY GUARA14TEE Matters on which we •re rniuired to report by exception In the light of the thovledge and understsnding ol the chantable company and rts en￿r￿ment cèts1T￿d in course of the audi¢ we have not Identif￿ matenal fflisst3tements in the directors. reFQrt indL*Jed within the trustees. ￿pOrt. We have nothing to repjrt in respert of the ftAknyirKJ maiter5 in relation to whth Companies Art 20C6 requires us to repJrt to you if, in 0￿￿•￿1. adequate acc(yJnting reccfds have not been W. or retums adequate ￿r aud￿ have not ￿en received from branches vi51ted by us,. or the finarKial 5tstsments are not in agreement with the ￿￿nts"n9 records rettjms; ¢Y certain dixlosures of trustee5' remunerab.on Skxffied by law a￿ not made,. we have not received all the infcrntson and explanab"¢ns we requi￿ fw our aLKtht: ly the trustees were not entiyed to tKepare the finarKial SEaten￿1ts in acc(*dan￿ with the smal CoMpan￿s. regime ant1 tske athiartage of the small crXmpan￿s. exemrtws in prepanro the directors. repjrt and from the reqU1￿ment to prepare a strategic repjt. Responslbilblies of tn As expkined more fulty in the trustees. respxjn5l￿IitieS ststement set ￿t on pa9e 2, the trustees (who are also the direttor5 of the Charitab￿ c(xnpany fcK the purpws of Cl￿panY law) a￿ for the p￿parab0n of the financial 51atements and for beirvJ satisfied ihat they gNe a true ar￿ fair vbew. arKI f¢y such irternal control as the trustees deterrnine is wssary to enable the p￿pa￿tion offinancial statementsthatare f￿e from material rnisstatemen¢ whether ue to fraud or errcy. In preparing the fvwnoal ststements. trustees resK**gble ￿ asS￿n9 the chèrrtable company's ability to continue as a going {￿r￿, disck)sing. as applicable, matters ￿lated to p'ng co￿eM and U￿ng the going con￿rn basis of accounb.ng unless the truthes erther Intend to liquidate the tharrtable company or to ￿ase operdtions. or INave Tealiskn'c a￿rnat￿e LNJt to IA) so. Audltor responsibilities forthe audit of the financial statements Our objectives are to obtsin reasonab￿ as5urarKe the finanoal #aiements as a whole are free from mater￿1 misstatement, whether due to fraud or ernr, and to is%* an auditorfs rektr that I￿udeS our opinion. Reasonable assuran￿ is a hKJh level of assurance, but Is not a guarantee that an audrc coTrducted in accordan￿ with ISAS IUKI will always detect a materkal M￿ternent Wh￿ it exists. Misststements can arise from fraud or error and a considered material if, indiwdually or in the èggre9ate. they coukj t* exr*rted to Influen￿ the econ¢yn I*ci5ions of users tsken on ￿ basis of tlw finarKial 5tstemeNs. Irregularities, induding fraud, are in*ances of ncyh<0fn￿1an￿ ￿th laws and regulatK)ns. We design pro￿Vre$ in line wrth our resp)nsits'lities. wUit)ed abm. to detert material mig*atements in re¥*rt of irregularrttes, indL*ling fraud. extent to whth our prrxedures a￿ capable of deteth.ng ir￿uL•￿t*S. inclLfvding fraud is detailed telow: ETh]uiry of managemert. and tho* dwrged with gwI￿ntr arthJrKI actual aTh1 Fotertkal litigation and claims; Enquiry of entity stsff in cunptsano fijnctK￿S to Kjentsfy any in5tsn￿S of l￿-t(￿nplOn￿ 13w5 and regulations. Revvdwing minutes of meeb"ng5 of those tharged wrth governan￿. Rev*wing finanaal statement dixknures and te5tiThJ to wpp)tkn"ng (boJmentrlKffl to assess comF4iance with awlicatAe laws and regulatKMs. Perfomiing audit work over the risk of Manageff￿nt tr￿rrIde of contrds. irKluding testirKJ of journal entries and other adjLtstments for apkyowateness, evaluab.ng the bjsiness rationale of 9gnificant transact￿$ outside the normal course of bU51r￿ reviewirKJ accountiry esbmates b￿$. Eecause of the Inhe￿nt limrtation5 of an a￿((, the￿ 6 a risk that we ￿11 detert ¥1 Irregulanbes, induding U)ose leading to a material misststement in the finanoal 4atenEnts or n￿-C￿￿ian￿ wrth regulabcm). Th6 risk increases that complonte with a law or regulatiw is ￿moVed fwrmm the events and transacb.ons renerted in the finar￿101 statements. as we wll less like￿ to awa￿ of instrrKes of non-complian￿. The risk is also greater regarding irreguhr￿.es (￿cUrr1r¥j due to fra￿j rather than error. as fraud in¥obve5 intentmal corKealrnen¢ forgery* collusion, cfflissim or misrepresentstion. A further descrity￿ of our re5wn5ibilths for the a￿Art of the financial is Irrated on tr* Financral RepxtirY4 Council's s%ebsite at: www.frC.tvg.ukla￿￿￿(Y5res￿y￿b"1￿.e5. Thi5 dwIp￿n ftyms part of our ￿k￿)rt. INDEPENDEiif AUDITOR'S REIIORT TO THE MEMBERS OF CV LZFE A COMPANY LIMrrED SY GUARANTEE Use of our report This re￿rt is made solety to the charitable company's memt*fS. as a t(rfJyi in acccfdano Tpth Chaw 3 of Part 16 of the CompaniesAct 2006. Our a￿litwOrk has teen u￿lertaken so that we mMJht slate to the charitsNe cornpany's memteF5 those matters we a￿ ￿qUired to state to them In an 3￿Irt0rfs reFQrt and fly no othEr pur￿Se. To the fullest extent pemitted by law. we do not assume re5pJnsibtlity to anyone ott*r than the thartsble company and the hartsble comparfs memters as a t•)Jy* ￿Jr autht worK this the opnK)ns we have formed. Geofftey Cox BA FCA (Seftior Stattitory A￿￿rt￿￿) For aThJ on behalf of Daffems A￿￿r( Limrteo. charte￿ Accountstts. Registered Audttxs One Eash¥oDJ, Harry Weston Road 8inley &Jsiness Park. coV￿￿y, CV3 2U8 .. 10 CV UFE A COMPANY LIMrrED BY GUARANTEE STATEMENT OF FINANCIAL ACllVmES (Including Irbcome and Expenditure Ar£ount) FOR ThE YEAR ENDED 31 MARCH 2025 funds 2025 2024 INCOME FROM: Donations Charitable Activrties 75.6 Totsl income 76.2CQ 76,2TrJ EXPENDrruRE ON: Chartsble acb.wbes 43,126 43,126 Total expenditure 43,126 43.126 N￿]NComE FOR THE YEAR Reconciliation of funds: Fund balan￿5 brought forward at l April 2024 33.074 33.074 Fund balances carried forward at 31 March 2025 33,074 33,074 nctes f(m P3rt of these finar*ial statements Charity number 1197786 Company number 13370057 LV UFE A COMPANY UMrteD BY GUARAIITEE BALANCE SHEEr FOR ThE YEAR ENDEO 31 MARCH 2025 2025 2024 CURRENT ASSErs: Det￿Or5 Bank and cash 35,502 43,062 CREDrroRS: amourts falling due within one year 9,988 NEf CURRENT ASSETS 33,074 NET ASSETS 33,074 FUNDS Restricted fvn(ts Unrestricted fund5 33.074 TOTAL CHARrrY FUNDS 33,074 The accounts have ￿en prepared in accordan￿ with the $￿'al ￿￿15K)n$ of Pèrt 15 of the CompanEs Act 2CM16 rekts.ng to small ￿￿panIeS and with the Finanaal Rewwb"ng Strndard in the UK and RepU￿1C of ]￿land (FRS 102). ON BEHALF OF THE BOARD: .R.(Ylèè. Approbtd by the P*wd on 10 Oecemter 2025. The ￿leS frym part of t￿ finanoal *atements CV UFE A COMPANY LIMfTED BY GUARANTEE NOTES TO THE FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES: Charity inforniatioTh CV kn'fe is a Charity limited by glgrantee I￿r￿￿ated in Engknd arKI Wale5. In the event of the (Tharity teing wound up, the liability in resm of guarantee is limited to £10 per rrEmber of Charty. The address of the registe￿ offKe is gNen in the (harty Inf(￿lation on page I c¥ these financial statements. Tr natu￿ of the Charivs operab(N)s and k¥inopal ath￿be5 are detailed in the Trustees. ReKhYt M roge 2. Generdl informatlon and basls of preparntion The Chanty conststrjtes a put￿lC teneft enbty as defi￿ by FRS 102. The finanoal ststements have been prepared in accordan￿ wrth Accojnting aThJ RepKxti'ng ty tharrtTres.' Ststement of Recommended PTacb"ce applicable to tharit￿S preparing their accounts in accor(1a￿e wrth the Financial RepDrting Standard a01cab￿ in the UK and RepublK of I￿land r￿Ue￿ in Ckto￿r 2019, the Financial Reporting StaThJard aOKab* in the UnTted Kingdorn and Republic of I￿land IFRS 102). the Charitie5 Att 2011, the Companies Act 2W6 ark1 UK &neralty ￿￿pted Accounb"ng Practi￿. The financK41 statements prepared on a ging ccrfKem basis uThJer the histori(al cost C<￿vents"0n, m(xlified to ind￿e ￿rtain items at fair value. The finanaal statements a￿ presented in Pound (£) sterling whth is functional aThJ pre5entats(wwl currerKy of the Charity and rwnded to the nearest £1. The svjnfftant XCCMJnb"ng Fdioes appl￿ in the weparatKffl of these financial ststements a￿ set out low. These poliaes have teen ccmsi5tently aPFdÉd to all years presented unle55 otherwise #ated. The resuts of the dwrty are induded in the c￿￿KIated financial ststements cl its parent tharity. Coverttry s￿rts Fwndation. copies of whth are put4•* ayailatjle from Registrar of Companies. Incoming resour AJI donats'ons, grants a￿1 other V￿Untsry Ir￿0￿ s acc1xm￿ for gross when re￿1¥ab￿. as Icry as amounts can te ￿aSure￿ ￿lia￿Y. and it Is probatle that the income will r￿￿1. Expenditure is recc¢Jnised in rerts1 in it is i￿rred. Charitsble Funds General funds are unre5trKted fvnts whth a￿ avaiLrytle for use * the discreb'¢J) of Trustees in fYrtherar￿e of the gerwal objecbves of the Charty arK1 whith have not teen designated for other purp)se5. C*svJnated fvnds Cc*M￿"Se unrethrted funds that have iEen set asde by the Trustees for particular purpw. aim aThJ use of &Yh ￿"gnated fuThJ ￿ set out in the notes to the financKAI ststements. Re#rKted funds a￿ whfth are to te us8J in acCOrda￿e vrith $￿ifiC ￿$t￿"C￿on$ imposed by don(Ks or which have teen raised by the Chanty for particular pur[￿. Tre cost of raising and administenng gjch funds are charged against the srecfft furKI. aim and use of each re5trirted fijnd is set out in the notes to the finanaal statements. Cash and cash equivalents Cash and cash equivalents include cash in haThl. tIek￿￿ts fr*ld at call with banks, cther 5hort-term liquid investment5 Wrth orKJinal maturibes of three ffKM)ths or ￿. aThJ bank overdrats. Bank overdrdfts are shown within t4)rr￿n9$ in ojrrent h"ab￿rt*s. io CV UFE A COMPANY UMrrED BY GUARANTEE IIOTES TO THE FINANCIAL sfATEMENTS FOR ThE YEAR ENDED 31 MARCH 2025 ACCOUNnMG pouaES (ccrtinuetl) Financial instruments The Charty has e￿d to appty the pmwsions rf Sect*)n 11 'Basic Financial Instruments. and Section 12'(Xher Fmanoal Instnjfi￿nts 155ues' of FRS 102 to all of rts fin￿￿al in5truff￿nts. narKtal instruments are recojnised in the (hariws Ba￿n￿ Sheet wt)en the Charity becomes party to the contrartual of the in5frument. Financial assets and liabilths a￿ 0f￿t, Wbth ￿ net amounts p¥esented in the finarThl statements. when the￿ is a kgalty enf￿£eab1e right to set off the reccgnwA amunts and there is an intentts) to setde ¢Jn a net basi5 Cf to re￿ise asset and settte the144ts1ty gmutsnec*J*. Basic financial a55ets Basic finorKial assets. which indude detknws and cash and bank balan￿. a￿ In￿"al￿ wsured at tran5artion prKe irKJudiNJ tran5actK)n costs aThJ a￿ subsequendy carried at amottised cost usng tt effectNe interest unless the arraThJement consbtutes a finanoThJ transartKJn, where t transacts'on is measured at the present value of the fubjre receipts dixounted at a market rate of intere* Fir*a￿l31 assets dassrf*d as recerlable within ¢￿e year are not amortised. Basic financial liabililies Basic finan¢￿1 IKabilits"es, indudirrfj credit￿5 and bank loans are in￿aty recognised at transaction pri unless the arrangement consbtutes a fina￿ng transacb"on, where tt* debt instrument is measvred at the present value of the fuwre pay￿nts discounted at a mawket rate of interest. Financial liabilit*s dassfied as payable wthin one year a￿ not anx)rbsed. Debt instrumerts a￿ carrie(1 at amorbsed cos¢ usiro the effthe inter&t rate metw. Trade credrtor5 a￿ Obl￿a￿(m$ to pay for gfxAts or servKes that have teen acquired in the ordinary course of operab.ons fr(xn ￿pPI￿rS. Amounts payab￿ a￿ ckisgfied as ojrrent Ikabilities if payment due within one year or ￿ss. If they are presented a5 nonn costs 38,152 4,533 43,125 The average numt*r of emkknes during ￿ year was l (2024: nil). The avewe number full b.me equivalent employees was l (2024= nil). There were rKI emF4oyees receNed rwe iDtsI i￿￿fits of rrttye than £60.(￿ in the ojrrent or pre￿Ing Trustees receNed nethr renwneratin nor ex[erff￿ in the ojrrert tr ￿eced1ThJ year. DEBTORS: 2025 2024 Trnde dettCf5 CREDrroRS: amounts falling due wlthin one year 2025 2024 Anunts owed to group undert*J'ngs 9.988 9,988 12 CV UFE A COMPANY UMlfED BY GUARANTEE IIOTES TO THE FIIIANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2025 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balan￿ at 31 March 2025 are rAwesented ty: Totsl funds funds Net current assets 43.(%2 43,062 Totsl net a 43.￿2 43,062 io. RELATED PARTY TrANSAcfioNS There a￿ no related party tranSth￿S duriNJ the year {2024: Enrf). ii. FUNDWSING REGIJLATOR STATEMENT OF COMPUAMCE: CV Lrfe dce5 not contractto a third party to undertake any fUndraI￿r￿j on its tehalf. The Charityi*)es notempby a FundraisrrfJ OffKer. We have receNed no fvndraigng C(JM￿aMts dunng trt year. 13