It's probably nothing more than adjustment as Dan has said, which is unlikely to be fixed from just the thumbwheel at the lever. It'll need the front sprocket cover removing and then resetting from there. As the SV's clutch is pretty strong it's unlikely to be shagged. Replacing the clutch plates is about £40 in parts and not a big job to do (apparently).
As for the front brake that's a mystery, seems as though you've not got hydraulic pressure, so maybe you've sprung a small leak and air has got in to the system, or the temperature of the fluid from constant work has gone past it's normal operating level and is now shagged.
Doubtless the wisdom of Sid Squid, Rictus, Embee etc will offer a more accurate appraisal.
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