THE LVE CHARITABLE FOUNDATION
We work with young people between the ages of 11-28 to assist them in reaching there full potential but also work across the whole community to offer support Community support is essential for the development and well-being of urban areas. Urban areas can be highly diverse, with people from different backgrounds and cultures living in close proximity. The support and engagement of community
Financial health, per its FY2024 accounts
The accounts state that the charity held total unrestricted reserves of £44,934 against a policy target of three months of operating expenses. The charity reported a net movement in funds of £25,043 for the year, resulting in total net assets of £100,261. The trustees confirmed adequate resources to continue operating for the foreseeable future.
What the accounts disclose
“The charity aims to hold reserves to cover 3 months of its operating expenses.” — page 5
“During the year, the charity incurred costs for the services of Trustees of £36,000 (2023 - £36,000 ).” — page 17
Trustees
- MICHAEL POLLEDRI MBEchair
- GARY WALKER
- JON MICHAEL POLLEDRI
- KAREN BELLAMY
- Peter French
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £282k | £257k |
| 31/12/2023 | £421k | £425k |
| 31/12/2022 | £372k | £317k |
| 31/12/2021 | £372k | £317k |
| 31/12/2020 | £158k | £176k |
Common questions
Is THE LVE CHARITABLE FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity held total unrestricted reserves of £44,934 against a policy target of three months of operating expenses. The charity reported a net movement in funds of £25,043 for the year, resulting in total net assets of £100,261. The trustees confirmed adequate resources to continue operating for the foreseeable future. Its FY2024 accounts were independently examined.