| INDEX: | |
|---|---|
| Pages: | Contents: |
| 2-7 | Trustee'sReport |
| B | lndependent Examiners' Report |
| Statement ofFinancialActivities | |
| 10 | BalanceSheet |
| 11 | Notes to theAccounts |
| ObjectivesandAc | tivities | |
|---|---|---|
| SORP reference | ||
| Summaryofthe purposes | Para1.17 | To advance inlifeandhelpyoungpeoplethrough: |
| ofthe charity as set outin itsgoverningdocument. |
(a)The provision ofrecreationalandleisure time activities including music providedinthe interestofsocial welfare. |
|
| (b) Providing support and activities which help develop theirlife | ||
| skills, capacities, and capabilities to enable them toparticipate | ||
| insociety as mature and responsibleindividuals. | ||
| To act as a resource foryoung peopleup tothe age of | ||
| 21(and 25for youngpeoplewith Learning Difficultiesand | ||
| Disabilitiesifappropriate) livingInCornwall and Devonby | ||
| providing advice and assistance and organising programmes | ||
| of musical, educational, and other activitieswithaviewto | ||
| empowering youngpeopleto believeinthemselves, develop | ||
| their individual identities andgrowinpersonalconfidence. | ||
| Summaryofthemain | Para1.17 and | Livewirefocusesonsupportforyoungpeopleaged9to21 |
| activities in relationto | 1.19 | offeringa fullrangeofqualityfacilities and activities,including |
| thosepurposesforthe | musiclessons,guitar,bass,drumsandvocals,rehearsaland | |
| public benefit,in | recording studios and a25O-capacitymusic venue,pluscoffee | |
| particular, the activities, | bar areawithpoolandgamestablesamongothersocially | |
| prolectsorservices | engagingactivities. | |
| identifiedinthe accounts. | Livewire continuestoprovideenhanced servicesinrelationto | |
| theprovisionofmental health and well-beingserviceswitha | ||
| fully qualified counsellor and team of trainee counsellors under | ||
| herexpert guidance. Ouryouthworkers have also builton their | ||
| existingprofessional qualificationsbyundertakinganumberof | ||
| mental health related training coursestoensurethe bestlevel | ||
| ofsupport can be offered toyoung people.8ofour volunteers | ||
| completed the Mental healthFirstAid trainingthis yearalone. Livewire providesaconsistentprogrammeofactivitiesand |
||
| sessionsforarangeofagegroupsas well asadaptiveand | ||
| targeted sessions specificdemographicsas theneedarises, | ||
| forexampleouryoungwomen sessionswhich focuson supportingyoung womenwithaviewtoincreasingfemale |
||
| representationinthe musicindustry. | ||
| Statement confirming | Para1.18 | \rVhenplanningouractivities, the trustees have consideredthe |
| whether the trusteeshave | duty under Section 17(5) of the CharitesAct201 1tohavedue | |
| hadregard tothe guidance issuedby the |
regardtopublic benefitguidance publishedby theCharities Commission.The trustees havepaiddueregardtoguidance |
|
| Charity Commissionon | issued bytheCharities Commissionin decidingwhatactivities | |
| publicbenefit. | the Charity shouldundertake. |
| SORP | ||
|---|---|---|
| reference | ||
| Livewireis afullyindependentcharityandiscompletely dependentoncontractsforservices supplied, donationsand |
||
| fundraising organisedbyvolunteers, trustees, andpaidstaff. | ||
| Summaryofthemain | ||
| achievementsofthecharity, | ThesuccessfultransitionbacktoLivewire'sinpersonoperations | |
| identifying the differencethe | Para1.20 | hasincluded: |
| charity's work hasmade to | ||
| the circumstances ofits | 1)Successfulyouth sessions on weeknight evenings,including | |
| beneficiaries and any wider benefits tosociety. |
seniorsessions,juniorsessionsaswellasyoungwomen sessionsonTuesday eveningswhichcontinuestobewell |
|
| attended. | ||
| 2)Mental healthandwell-being supportprogrammeoffered | ||
| where young people remainabletoreferthemselvesfor | ||
| counsellingservices. 3)Livewirehasrun some hugelysuccessfuleventsthroughout |
||
| theyearincluding the Stiff Little Fingersgigwhichwasagreat | ||
| profile raiser, Rocking bytheRiver4and Metal2 theMasses | ||
| which has been verysuccessfulboth in termsofprofileand | ||
| fundraising. 4)Some fantasticyoung bandsandperformersarebeing |
||
| developedandplayingatregular, local, andregional events | ||
| suchas theJubileeCelebrations,ttlayfairandRegatta,and | ||
| largefestivalBroadmasters. Livewire alsoprovidedateam of | ||
| stewardsforGlastonbury2022whichbringsinadditional | ||
| revenue, | ||
| 5)Livewirehascontinuedtoraise fundsandreinvestthemin | ||
| equipmentinthe building which helpsus totrain young people | ||
| withupto-dateequipment includinganew lightingdesk. | ||
| FinancialReview | ||
| Reviewofthe charity's | Successful fundraising andthegenerosityofour many supporters | |
| financial positionattheend | haveenabledus toachieveanoperating surplusfor this year | |
| oftheperiod. | despite an increaseinstaff and other costs.Thecharityis ina | |
| healthyfinancialposition. | ||
| Statement explainingthe | Para1.22 | It isthepolicyof the charity that unrestrictedfunds which havenot |
| policyfor holding reserves stating why they areheld. |
been designatedfor specificuseshould bemaintainedatalevel equivalenttobetweenthreetosixmonth's expenditures.The trustees consider that reserves atthislevelwillensurethat,inthe |
|
| event ofasignificantdropin funding,theywillbe able to continue | ||
| the charity's current activitieswhile consideration is given to ways | ||
| inwhichadditionalfundsmay be raised. Thislevelof reserveshas | ||
| been maintained throughouttheyear. |
| You maychoosetoincludefu | rther stateme | nts where relevantabout: |
|---|---|---|
| Charityfunds continue to derive froma | ||
| combinationofonline fundraisingand | ||
| The charity'sprincipal | donationsalongwith specific fundingbids | |
| sourcesoffunds(including | Para1.47 | whichrelateto the Charity's charitable |
| anyfundraising). | objectives and currentprojects. | |
| The principalrisksfacing the charityarethe | ||
| continued availability of appropriateand | ||
| A descriptionoftheprincipal | Para1.46 | relevant grantsforwhich wecan |
| risksfacing thecharity. | successfullyapplyGiventhe current | |
| economicclimateweexpectthesetobe | ||
| harder to comebyandharderto secureas | ||
| more and more charities seektorelyon | ||
| theseincomestreams.However,we | ||
| consider thatourtrack recordandsuccessful | ||
| deliveryofthe mental healthandwell-being | ||
| programme will put usin astrongposition to | ||
| secure thesegrants. |
| Type of governing document | Para1.25 | CONSTITUTION ADOPTEDO8/11/1957 AS |
|---|---|---|
| AMENDED ON26104/1961 | ||
| ASATVIENDEDON1711211998 | ||
| AS AMENDEDON1510312014 | ||
| ASAIVIENDEDON | ||
| Howisthe charity | Para1.25 | Unincorporated association |
| constituted? | ||
| Trustee selection methods | Para1.25 | Trustees are identified as individuals of |
| including details ofany | standingandwith appropriate and relevant | |
| constitutional provisions,e.g | skills which will benefit thecharity.Thenew | |
| electiontopost or name of | trusteeisproposedandsecondedbyother | |
| any person orbody entitled | trusteesandvotedtotheBoardbythe | |
| toappointoneormore | remaining Trusteesat atrusteemeeting. | |
| trustees. |
| Trusteename | Office (if any) | Datesactedifnot forwhole vear |
Nameof person (or body) entitled toappoint trustee(ifany) |
||
|---|---|---|---|---|---|
| 1 | HelenTrethewey | Chair | Trustees | ||
| 2 | AnthonyStudden | Trustee | Trustees | ||
| 3 | [VlarkWilson | Trustee(Treasurer) | Trustees | ||
| 4 | Andrew Jacques | Trustee | Trustees | ||
| 5 | AnthonyChiswell | Trustee | Trustees | ||
| 6 | PeterBond | Trustee | Trustees | ||
| 7 | GeoffPeggs | Trustee(Secretary) | Trustees | ||
| I | Bryan Baker | Trustee | Trustees | ||
| I | Andrew Moir | Trustee | Trustees | ||
| 1 | 0 | MichaelSnook | Trustee | Trustees |
| 2023 | 2022 | |
|---|---|---|
| € | € | |
| lncomingresources: | ||
| Donationsand leqacies | ||
| Restrictedfunds | 73,786 | 66,950 |
| Unrestrictedfunds | 52,838 | 54,170 |
| 126,624 | 121,120 | |
| Activitiesforgenerating funds | 72,620 | 65,200 |
| Otherreceipts | ||
| 199,244186,320 | ||
| Less | ||
| Resources expended | ||
| Direct costs | (136,330) | (125,221) |
| Overheads | (32,721) | (27,472) |
| NETOPERATING SURPLUS | 30,19329,627 | |
| FORTHE YEAR | ||
| Provisionfor buildingrepairs | (15,000) | |
| Provision for workwithlocalschools | 15,000 | |
| Provisionforlegal fees-CIO conversion | (15,000) | |
| NETSURPLUSFORTHEYEAR | 15,193 | 29,627 |
| Fund balances at31"tMarch 2022 | 391,869 | 362,242 |
| Fund balances at31stMarch 2023 | L407,062 | f391,869 |
| Notes | 2023f | f 2022 |
||
|---|---|---|---|---|
| FIXEDASSETS | 278,420 | 267,549 | ||
| CURRENT ASSETS | ||||
| Stock | 75 | 122 | ||
| Debtors | 4,902 | 7,728 | ||
| Cashat bankandinhand | 109,742 | 101,269 | ||
| Lloyd bank-reserveaccount | 63,237 | 52,368 | ||
| 177,956 | 161,487 | |||
| CREDITORS: | ||||
| Amounts fallingdue | ||||
| withinone year: | ||||
| Trade creditors | (4,314) | (7,167) | ||
| Restricted incomereceived | ||||
| inadvance | (45,000) | (30,000) | ||
| (49,314) | (37,167) | |||
| NET CURRENTASSETS | 128,642 | 124,320 | ||
| f407,062 | t391,869 | |||
| Representedbv: | ||||
| Freeholdproperty | 250,000 | 250,000 | ||
| Equipment andFurnishings | 28,420 | 17,549 | ||
| Unrestrictedfunds | 128,642 | 124,320 | ||
| 8407,062 | f391,869 |
| 2.FIXEDASSETS | |||
|---|---|---|---|
| Land& | F&F& | ||
| Buildings | Equipment | TOTAL | |
| E | € | € | |
| AtCost: AtlstApril2022 |
250,000 | 180,001 | 430,001 |
| Revaluationinyear | |||
| Additions | 20,344 | 20,344 | |
| At31"tMarch2023 | 250,000 | 200345 | 450,345 |
| Depreciation: | |||
| At1stApril2022 | 162,452 | 162,452 | |
| Chargefor theyear | 9,473 | 9,473 | |
| At 31"tMarch2023 | 171,925 | 171,925 | |
| NetBook Value: At31"t March2022 |
250,000 | 17,549 | 267,549 |
| At31stMarch2023 | 9250,000 | 828,420 | 8278,420 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| INCOMING RESOURCES: | |||||
| Donations and Grants: | € | E | |||
| Restncted Grants | 73,786 | 66,950 | |||
| Donations | 52,838 | 54,170 | |||
| 126,624 | 121,120 | ||||
| Activities foro neratinqfunds | |||||
| Events | 12,414 | 7,257 | |||
| Chargeable services | 49,928 | 53,363 | |||
| Membership subscriptions | 6,912 | 3,812 | |||
| Venuehire | 48 | 485 | |||
| Sundry | 1,984 | 200 | |||
| 71,286 | 65,117 | ||||
| CoffeeBar- | Sales | 5,814 | 2,768 | ||
| Less:Costof sales | 4,480 | ||||
| CoffeeBarGross Profit | 1,334 | B3 | |||
| TOTALINCOME | 199,244 | 186,320 | |||
| Less:RESOURCES EXPENDED: | |||||
| Directcosts | |||||
| Salaries and wages | 129,570 | 123,200 | |||
| Bands and events | 6,760 | 6,021 | |||
| 136,330 | 129,221 | ||||
| Overheads: | |||||
| Advertising | 1,8'16 | 96 | |||
| Building repairs | 3,079 | 1,'113 | |||
| Consumables | 745 | 1,220 | |||
| Books and publications | 290 | 555 | |||
| lnsurance | 4,632 | 4,843 | |||
| Equipment repairs and renewals | 1,769 | 4,955 | |||
| Depreciation | 9,473 | 5,850 | |||
| Telephone and internet | 751 | 1,O22 | |||
| Television licence | 160 | 159 | |||
| Stationery | 462 | 863 | |||
| Professional fees | '1,981 | t,Jzo | |||
| Security | 653 | 1,248 | |||
| Gifts and donations Subscriptions |
1,019 184 |
^^; | |||
| Bankcharges | |||||
| Sundry expenses | 1,063 | 572 | |||
| Travel and entertaining | 869 | 674 | |||
| Utilities | 3,713 | 2,677 | |||
| 32,721 | 27,472 | ||||
| (169,051) | (156,693) | ||||
| NET OPERATING SURPLUS FOR THE YEAR | €30,'193 | t.29,627 |