Live Life Social Enterprises Limited

	Page
Reference and Administrative Details	1
Trustees' Report	2—4
Independent Examiner's Report	5
Statement of Financial Activities (including Income and Expenditure Account)	6
Comparative Statement of Financial Activities (including Income and Expenditure Account)	7
Balance Sheet	8
Notes to the Financial Statements	9—14

The trustees present their report and the financial statements for the year ended 30 September 2025.

Objectives and Activities

Aims and Objectives

The Company’s primary objective is to achieve social and/or environmental benefit. The Objects are specifically restricted to the advancement of education, the promotion of social inclusion, the promotion, preservation, protection and safeguarding of mental and physical wellbeing of children,young people and adults with learning disabilities and to provide or assist in the provision of facilities in the interests of social welfare with the objective of improving education.

Strategy for Delivery

Our strategic plan focuses on the following themes:

1. Education and Learning

2. Physical and Mental Well-Being

3. Employability Skills

4. Social and Recreational Activities

Vision

To empower our participants to have enriched and fulfilled lives, through being active contributors and valued members of their local community.

Social Mission Statement

To maximise each participant’s individual strengths and interests to equip them with the skills and opportunities to achieve their full potential, through providing an innovative community inclusion and Social Enterprise progression programme.

Value Statements

• Integrity

• Be outstanding

• Provide fulfilment

Integrity

• Our conviction and integrity guide what we do and how we do it, every day.

• We do the right thing, in the best interests of each participant.

• We do what we say we will do, we are worthy of trust.

• We act with courage, we will be advocates for our participants.

Be outstanding

We are committed to providing an excellent service to all people and organisations who are involved with the centre. We have to evolve to best serve the needs of our participants. Through the delivery of an ambitious service we will be relevant today and we will stay one step ahead and be ready for tomorrow.

Our commitments:

• Ensure our service is consistently excellent.

• Continuously strive for improve.

• Work in partnership with other agencies and the community.

• Achieve and maintain excellent inspection reports.

• Represent value for money.

Provide fulfilment through person-centre planning

Instilling positive well-being is central to our work. Well-being is feeling good and functioning well. We need both of these to be fulfilled to enjoy a positive experience of life.

We will create holistic opportunities for our participants to:

• Connect with people and the world around them.

• Be active through leading a motivated, healthy life.

• Progress learning through maintaining current skills and learning new skills.

• Make a meaningful contribution and be valued members of their local community.

Public Benefit

The public benefit of the charity is to advance education, develop capacity and skills of individuals aged 16 and over with severe learning disabilities and in particular:

(a) to provide, or assist in the provision of programmes of education, including vocational training to assist the beneficiaries to enhance their capabilities, competences, skills and understanding;

...CONTINUED

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Live Life Social Enterprises Limited

Trustees' Report (continued)

For The Year Ended 30 September 2025

Public Benefit - continued

(b) to establish community-owned-business projects promoted by the organisation to create training and employment opportunities for the beneficiaries in the area of benefit;

(d) to provide opportunities for social inclusion to assist the beneficiaries to enhance their independence skills, social and communication skills. The public benefit flowing from the second purpose will entail improvement of the quality of life of the beneficiaries and increase of their awareness and abilities.

(e) to provide or assist in the provision of facilities and services primarily for the benefit of the community and visitors to and the residents of Greater Lisburn and surrounding areas for recreational, sporting or other leisure time occupation in the interests of social welfare, such facilities being provided to the public at large save that special facilities may be provided for persons who by reason of their youth, age infirmity or disability, poverty or social or economic circumstances may have need of special facilities and services.

(f) to advance amateur sport by maintaining multi-use games facilities.

In shaping the strategy and objectives of Live Life the Trustees have taken into account the Charity Commission NI guidance on public benefit including the commissions Public Benefit Reporting Document and confirm that they have complied with the requirements of section 4 of the Charities Act (Northern Ireland) 2008.

Trustees and officers

The trustees and officers serving during the year and since the year end are listed on page 1.

Achievements and Performance

Main Achievements

Live Life Social Enterprises T/A Live Life Well-Being Centre and Social Enterprises is an award-winning charitable organisation and company limited by guarantee, that provides high quality day opportunities for young adults with severe learning difficulties. The service was established in September 2021 to provide a meaningful day opportunities provision in the Greater Lisburn area.

In this reporting period 1 October 2024 to 30 September 2025 we continued to deliver our range of services providing opportunity for people with disabilities to advance education and learning, improve physical and mental well-being, develop employability skills and to progress personal development skills through social and recreational activities.

Participants were delighted to meet Her Royal Highness Princess Anne at Hillsborough Castle on Thursday, 11 September 2025. It was an honour to mark our day opportunities service's fourth birthday, with such a special visitor.

Key Achievements

Commenced major refurbishment project at the Grove Activity Centre on 18 March 2025.
23 Participants enjoyed a 5-day residential trip to Carlingford May 2025
Live Life Participants have attended NI Assembly Buildings, Stormont on a number of occasions to perform or join in with the Caleb’s Cause Campaign for Post-19 legislation.
Deputy First Minister Emma Little-Pengelly visited the service on an official capacity.
Mayor Alderman Amanda Grehan’s theme the year is ‘inclusivity for disability’. Participants have been involved in numerous community initiatives, including fundraising for the Mayor’s Charity at a number of different venues.
Participants enjoyed Sensory Sports day hosted at Lisburn Scouts Forest.
The Board of Trustees added an additional object to our Articles of Association, being ‘Advance amateur sport by maintaining multi-use games facilities’, this is relation to the new facilities at the Grove Activity Centre.

Our services and social enterprises at Live Life during the reporting period occurred at the following locations:

Sarah Crothers Hall
Grove Activity Centre
Community Allotments at Ballymacash Sport Academy
Social Enterprise Shop at Lisburn Square

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Live Life Social Enterprises Limited

Trustees' Report (continued)

For The Year Ended 30 September 2025

Financial Review

Financial Position

The results for the year are set out on page 8. Net movement in funds was surplus of £200,823 for the year compared to surplus of £90,682 for the previous year. This included a surplus of £204,400 in relation to restricted funds. At the year end the balances of restricted and unrestricted funds held were £305,000 (2024: £100,600) and £23,657 (2024: £27,234) respectively.

Structure, Governance and Management

Governing Document

Live Life Social Enterprises Limited is a charitable company, limited by guarantee and incorporated on 6 September 2021, and was formally granted charitable status on 17 May 2023.

The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is governed by these articles. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Trustee Selection Methods

The make-up of the board is reviewed on a regular basis to ensure skills, knowledge and experience meets the needs of the charitable company. Directors are appointed by election of the members of the company in accordance with the memorandum and articles of association.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Live Life Social Enterprises Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr Philip Reain-Adair

Trustee

25/06/2026

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Live Life Social Enterprises Limited

Independent Examiner's Report to the Trustees of Live Life Social Enterprises Limited

For The Year Ended 30 September 2025

Independent Examiner's Report to the Trustees of Live Life Social Enterprises Limited

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of Companies Act 2006.

Having satisfied myself that the accounts of the Company are not required to 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 65 of the Charities Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

Independent Examiner's Statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in Ireland, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to 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 examination; 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 102).

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.

Brian Stewart

25/06/2026

RBCA Limited

Chartered Accountants

Linenhall Exchange
26 Linenhall Street
Belfast
BT2 8BG

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Live Life Social Enterprises Limited

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 September 2025

Statement of Financial Activities (including Income and Expenditure Account)

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	7,407	204,400	211,807	130,544
Charitable activities:	4
Charitable Activites		66,375	-	66,375	60,389
Investments	5	1,641	-	1,641	587
Other	6	2,650	-	2,650	3,445

		78,073	204,400	282,473	194,964

EXPENDITURE ON:
Charitable activities:	7
Charitable Activites		(81,650 )	-	(81,650 )	(104,282 )

NET INCOME		(3,577 )	204,400	200,823	90,682


NET MOVEMENT IN FUNDS		(3,577 )	204,400	200,823	90,682
RECONCILIATION OF FUNDS:
Total funds brought forward		27,234	100,600	127,834	37,152

TOTAL FUNDS CARRIED FORWARD	11	23,657	305,000	328,657	127,834

The notes on pages 9 to 14 form part of these financial statements.

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Live Life Social Enterprises Limited

Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 September 2025

Comparative Statement of Financial Activities (including Income and Expenditure Account)

				2024
		Unrestricted funds	Restricted funds	Total funds
	Notes	£	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	29,944	100,600	130,544
Charitable activities:	4
Charitable Activites		60,389	-	60,389
Investments	5	587	-	587
Other	6	3,445	-	3,445

		94,364	100,600	194,964

EXPENDITURE ON:
Charitable activities:	7
Charitable Activites		(104,282 )	-	(104,282 )

NET INCOME		(9,918 )	100,600	90,682


NET MOVEMENT IN FUNDS		(9,918 )	100,600	90,682
RECONCILIATION OF FUNDS:
Total funds brought forward		37,152	-	37,152

TOTAL FUNDS CARRIED FORWARD	11	27,234	100,600	127,834

The notes on pages 9 to 14 form part of these financial statements.

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Live Life Social Enterprises Limited

Balance Sheet

As At 30 September 2025

Balance Sheet

				2025	2024
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	9	90,047	305,000	395,047	20,200

		90,047	305,000	395,047	20,200
CURRENT ASSETS
Cash at bank and in hand		95,714	-	95,714	160,796

		95,714	-	95,714	160,796
Creditors: Amounts Falling Due Within One Year	10	(162,104 )	-	(162,104 )	(53,162 )

NET CURRENT ASSETS (LIABILITIES)		(66,390 )	-	(66,390 )	107,634

TOTAL ASSETS LESS CURRENT LIABILITIES		23,657	305,000	328,657	127,834

NET ASSETS		23,657	305,000	328,657	127,834

FUNDS OF THE CHARITY
Restricted Funds				305,000	100,600
Unrestricted Funds				23,657	27,234

TOTAL FUNDS	11			328,657	127,834

For the year ending 30 September 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mr Philip Reain-Adair

Trustee

25/06/2026

The notes on pages 9 to 14 form part of these financial statements.

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Live Life Social Enterprises Limited

Notes to the Financial Statements

For The Year Ended 30 September 2025

Notes to the Financial Statements

1. General Information

Live Life Social Enterprises Limited is a company limited by guarantee, incorporated in Northern Ireland, registered number NI682143 and registered charity number 109625 . The registered office is 9 Magheralone Road, Ballynahinch, Co Down, BT24 8ND.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

The presentational currency is £ sterling and the level of rounding is to the nearest £.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

2.3. Fund Accounting

The charity has different types of funds for which it is responsible, and which require separate disclosure. These are as follows:

Unrestricted funds. Funds which are expendable at the discretion of the Directors in the furtherance of the objectives of the charity. In addition the funds may be held in order to finance capital investment and working capital.

Restricted funds. Donations and grants received which are earmarked by the donor or funder for specific purpose. Such purposes are within the overall aims of the organisation.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

2.4. Incoming Resources

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy and it is probable that the income will be received. All incoming resources arose wholly in the United Kingdom.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

Income from government and other grants are recognised at fair value and when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

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Live Life Social Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.5. Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. The majority of costs are directly attributable to specific activities. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs and governance costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on the basis of the time spent on those activities.

Governance costs include those incurred in the governance of its assets which are associated with constitutional and statutory requirements.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	25 - Year life
Motor Vehicles	20% Straight line
Fixtures & Fittings	20% Straight line

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Financial Instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

2.9. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

3. Income from Donations and Legacies

			2025	2024
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	£	£	£	£
Donations and gifts:
Appeals and donations	7,407	-	7,407	13,641
Grants - other agencies	-	204,400	204,400	116,903

	7,407	204,400	211,807	130,544

4. Income from Charitable Activities

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Live Life Social Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

	2025	2024
	Unrestricted funds £	Total funds £
Charitable Activites:
Residential	12,657	9,122
Transport	50,095	43,728
Social Enterprise	3,623	7,539

	66,375	60,388

5. Investment Income

	2025	2024
	Unrestricted	Total
	funds	funds
	£	£
Bank interest receivable	1,641	587

6. Other Income

	2025	2024
	Unrestricted funds	Total funds
	£	£
Rental and other income from property	2,650	3,445

7. Analysis of Expenditure

	2025
	Support costs
	£
Charitable Activites	81,650

	2024
	Support costs
	£
Charitable Activites	104,282

8. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

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Live Life Social Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

9. Tangible Assets

	Land & Property
	Freehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 October 2024	-	30,500	-	30,500
Additions	322,086	-	58,861	380,947

As at 30 September 2025	322,086	30,500	58,861	411,447

Depreciation
As at 1 October 2024	-	10,300	-	10,300
Provided during the period	-	6,100	-	6,100

As at 30 September 2025	-	16,400	-	16,400

Net Book Value
As at 30 September 2025	322,086	14,100	58,861	395,047

As at 1 October 2024	-	20,200	-	20,200

10. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other loans	150,000	50,000
Other creditors	1,442	1,442
Accruals	10,662	1,720

	162,104	53,162

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Live Life Social Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

11. Movement in Funds

	As at 1 October 2024	Income	Expenditure	As at 30 September 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	27,234	78,073	(81,650 )	23,657
Restricted funds
Live Life Project	100,600	204,400	-	305,000


Total funds	127,834	282,473	(81,650 )	328,657

	As at 1 October 2023	Income	Expenditure	As at 30 September 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	37,152	94,364	(104,282 )	27,234
Restricted funds
Live Life Project	-	100,600	-	100,600


Total funds	37,152	194,964	(104,282 )	127,834

The specific purposes for which the funds are to be applied are as follows:

Live Life project

Funding received is restricted to the project Live Life @ The Grove Activity Centre. During the year, restricted funds were applied towards capital expenditure incurred in connection with the project, including the acquisition and construction of the fixed asset.

12. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

13. Related Party Disclosures

During the year the charity made the following related party transactions:

SEN HR Services Ltd

The trustee is a director of the SEN HR Services Ltd.

Income includes £50,095 from SEN HR Services Ltd (2024: £43,726).

Included in creditors is a loan from SEN HR Services Ltd. At the balance sheet date the amount due to SEN HR Services Ltd was £150,000 (2024 - £50,000).

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Live Life Social Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

14. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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Trustees	Rev Lynda Kane - Chairperson
	Dr Heather Anderson
	Mrs Martina Rydout
	Mr Philip Reain-Adair - Secretary
	Rev Stanley Gamble


Charity Number	109625

Company Number	NI682143

Registered Office	9 Magheralone Road
	Ballynahinch
	Co Down
	BT24 8ND

Independent Examiner	Brian Stewart
	RBCA Limited
	Chartered Accountants
	Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG

Bankers	Ulster Bank
	11-16 Donegall Square East
	Belfast
	BT1 5HD

Solicitors	Edwards & Co
	28 Hill St
	Belfast
	BT1 2LA