REGISTERED COMPANY NUMBER: 15370796 (England and Wales)
REGISTERED CHARITY NUMBER.. 1208861
SCOThISH CHARITY NUMBER: SC054017
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 27 DECEMBER 2023 TO 31 MARCH 2025
FOR
LIVE ENTERTAINMENT & ARTS FOUNDATION

LIVE ENTERTAINMENT & ARTS FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 DECEMBER 2023 TO 31 MARCH 2025
Page
Report of the Trustogs
Independent Examingrfs Report
Staternent of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities

LIVE ENTERTAINMENT & ARTS FOUNDATION
REPORT OF THE TRUSTEES
FOR THE PERIOD 27 DECEMBER 2023 TO 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the period 27 December 2023 10 31 March 2025. The
Iruslees have adopted the provisions of 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 1021 (effective 1 January 20191.
INCORPORATION
The charitable company was incorporated on 27 December 2023.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity is an exciting newly registered charity in England {charity number 12088611, and Scotland
{SC0540171 poised to create a transformational impact across the UK.
Through a groundbreaking partnership with ATGE, the stage is now set for the charity to begin delivering 8
lasting public benefit and a legacy that inspires, educates and connects communities for generations to
come.
Significant activities
During the period under review, the charity secured grant funding amounting to £100,000. Operating
expenses were minimal, limited lo professional services related to the preparation of accounts and
independent examination. The primary focus during this period has been estsblishing the business plan in
preparation for delivering charitable activities in the following financial year.
Public benefit
The Iruslees confirm that they have complied with the Charity Commission's guidance on public benefit
when reviewing the charity's aims and objectives, in planning future aclivilies, and for the purposes of
formulating its finalised grant funding policy.
ACHIEVEMENTS AND PERFORMANCE
Charltable actlvlties
In the first year, the trustees established the foundations of the charity by forming a committed board of
Iruslees, defining the mission, values, and future year ambitions, and developing a robust business plan with
a Ihree-year financial outlook. These essential steps have positioned the trustees to deliver impactful.
inclusive programmes that open access lo live enlertainmenl-supporting underrepresented individuals and
conlribuling to a more diverse, creative, and equitable cultural sector.
FINANCIAL REVIEW
Financial position
The charity has an unrestricted financial position of £100,000.
Reserrfes policy
The Charity maintains a reserves policy lo ensure financial stability and the ability lo continue its core work in
the event of unforeseen circumstances.
The Board of Trustees has agreed that an appropriate level of unreslrided reserves is the equivalent of three
months of core operating costs, which is currently sel at £25,000.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charitable Company is governed by ils articles of association as adopted on 21 December 2023.
Charity wnstitution
The charity was formally constituted 27 June 2024 (registered in England by the Charity Commission) and
27 February 2025 {registered in Scodand by the Scottish Charity Regulator) as a Charitable company.
Recruitment and appointment of new trustees
Appointment through willingness lo act to be a director and appointed for a fixed term of up to 3 years.
Page 1

LIVE ENTERTAINMENT & ARTS FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE PERIOD 27 DECEMBER 2023 TO 31 MARCH 2025
Registered Company number
15370796 {England and Wales}
Rggistergd Charity number
1208861
Scottish Charity number
SC054017
Registered office
4-5 High Street West
Sunderland
SR1 3EX
Trustees
A Ahmet (appointed 27112120231
J Omellschenko (appointed 27112120231
A Rawlinson (appointed 27112120231
Independènt Examiner
Marriott Gibbs Rees Wallis Limited
Chartered Certrfied Accountant5
First Floor
Unil 4, Broadfield Court
Sheffield
South Yorkshire
S8 OXF
2610812025
Approved by order of the board of Iruslees on ............................................. and signed on its behalf by..
A Rawlinson - Trustee
Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
LIVE ENTERTAINMENT & ARTS FOUNDATION
Independent examinerfs report to the trustees of Live Entertainment & Arts Foundation (Yhe
Company'l
I report lo the charity trustees on my examination of the accounts of the Company for the period
27 December 2023 to 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 2006 Act'i.
Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145151 Ib) of the
2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act., or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a Matter considered as
part of an independent ex8mination', or
the accounts have not been prepared in accordance with the methods and principles 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 10211.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Tina Dawn Havenhand FCCA
The Association of Chartered Certified Accountants
Marriott Gibbs Rees Wallis Limited
Chartered Certrfied Accountants
First Floor
Unil 4, Broadfield Court
Sheffield
South Yorkshire
S8 OXF
2610812025
Dale-
Page 3

LIVE ENTERTAINMENT & ARTS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 27 DECEMBER 2023 TO 31 MARCH 2025
Unrestricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
101,782
EXPENDITURE ON
Other
1.782
NET INCOME
100,000
TOTAL FUNDS CARRIED FORWARD
100 000
The notes form part of these financial statements
Page 4

LIVE ENTERTAINMENT & ARTS FOUNDATION
BALANCE SHEET
31 MARCH 2025
Unrestricted
fund
Notes
CURRENT ASSETS
Cash at bank
100,000
NET CURRENT ASSETS
100.000
TOTAL ASSETS LESS CURRENT
LIABILITIES
100.000
NET ASSETS
100 000
FUNDS
Unreslricled funds
100,000
TOTAL FUNDS
100 000
The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for
the period ended 31 March 2025.
The members have not required the company lo obtain an audit of its financial slalements for the period
ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The Iruslees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the slate of affairs of the charitsble
company as al the end of each financial year and of its surplus or deficit for each 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 lo financial stalemenls, so far as applicable lo the
charitable company.
Ibl
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject lo the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
2610812025
and were signed on its behalf by-
A Rawlinson - Trustee
The notes form part of these financial statements
Page 5

LIVE ENTERTAINMENT & ARTS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 DECEMBER 2023 TO 31 MARCH 2025
ACCOUNTING POLICIES
Basis of prgparing thg financial statgmgnts
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 1021 'A¢counting and Reporting by
Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 leffeclive 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland,, the Charities Act 2011, the Charity Accounts Iscotlandl
Regulations 2006 las amended), and the Companies Act 2006. The financial statements have been
prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has enlillemenl lo the
funds, it is probable that the income will be received and the amount call be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation
committing the charity to that expenditure, 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
accounted for on an accru8ls basis and has been classtfied under headings that aggregate 811 cost
related to the category. Where costs cannot be directly atlribuled to particular headings they have
been allocated lo activities on 8 b8SlS COnSlStent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activf(ies.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives al the discretion of the
tnjstees.
Reslricled funds can only be used for particular restricted purposes within the objects of the charity.
Reslriclions arise when specified by the donor or when funds are raised for particular reslricled
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
TRUSTEES, REMUNERATION AND BENEFITS
There were no Iruslees. remuneration or other benefits for the period ended 31 March 2025.
Trustees. expenses
There were no Iruslees. expenses paid for the period ended 31 March 2025.
Page 6
continued...

LIVE ENTERTAINMENT & ARTS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 DECEMBER 2023 TO 31 MARCH 2025
MOVEMENT IN FUNDS
Nel
movement
in funds
Al
3113125
Unrg$tri¢tgd funds
General fund
100,000
100.000
TOTAL FUNDS
100,000
100.000
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
UnrgStri¢tgd funds
General fund
101,782
{1.782)
100,000
TOTAL FUNDS
101,782
1.782)
100,000
RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2025.
Page 7

LIVE ENTERTAINMENT & ARTS FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD 27 DECEMBER 2023 TO 31 MARCH 2025
INCOME AND ENDOWMENTS
Donations and legacie$
Donations
101.782
Total incoming resources
101.782
EXPENDITURE
Support costs
Governance costs
Accountancy and legal fees
1.782
Total resources expended
1.782
Net income
100.000
This page does not form part of the ststutory financial statements
Page 8