Raven House Trust Directors Report
October 2020 – September 2021
Main developments:
Trustees
2 trustees resigned from their positions during this period, Margaret Smith & Henry Davies.
1 new trustee joined during this period, Jason Hughes
Trustee meetings have been conducted on a regular basis.
Staff
A change at management level has seen the role move to a job share with the roles being split to Operations Manager & Finance Manager roles.
RHT recruited a placement through the Government Kickstart Programme. The position being filled from August 2021 onwards for a 6 month period. At the time of writing the candidate has secured a permanent full time position with a local printing company and commences employment with them on 07/02/22.
6 permanent staff are employed by RHT with the additional member reported being the Kickstart member.
Overview
The income driven by the charity shop was significantly reduced due to both lockdowns and restrictions. Various COVID business grants were secured totalling £14,000 plus a £3,000 for shelving for the foodbank.
We purchased a new van in March 2021. This was funded by £7,500 grant together with donations plus a loan over a 3 year period, the repayments of which are funded by a sponsor.
Food parcels distributed during the financial year fed 11k people. The value of food parcels distributed amounted to £104k. Aid Referrals (furniture packages to those in need) recommenced in May 2021 with £23k of free furniture being distributed to Sept 2021.
Food parcels are no longer issued directly to the recipient of the food due to COVID restrictions. We directly supply the agencies we work with who ensure the food parcels are issued to those in need. This supports our GDPR policy to retain less personal data as we no longer have to keep records of who the food is distributed to.
Bruce Johnson
Chair
RAVENHOUSE TRUST LiMrrED A REGISTERED CHARTfY NUMBER . 1031971 A REGISTERED COMPANY hlJMBER.. 02886655 (ENGLAND and WALES) ADDRE&S . 27&278 Cromwell Ro New¢ South Wales. NP19 OHr INDEX TO AccoUrS 31)th SEPTEMBER 2021 Page Description Independent Examinevs Report ststemellt of Financial Activities Balance Sbeet JneA)me and Expenditure Account Notes ts the accou &12
INDEPENDEr EXAMtNER'S REPORT TO THE TRUSTEES OF RAVEf4HOUSE TRUST LLwfED A reed ckwity number.. 1031971 Co)npany registrfion nutth.. 2886655 FOR JHE YEAR ENDED 30th SEPTEMBER 2021 The report relates io financial statements 5& Out from page 3 13. Respecttye responsib111¢$ oftrusttts and eJaminer The trnstees are resporLsiTr)le for the preparation of the accounts. The cl)aritys tntstees Consider that an audit is not reqllired for the year. under seaion 144 of the Chariti&% Act 2011 (the CharitiL% Act) 8Dd that au indepedellt exaD]inallon is neeAled. It is my responsibiliry to: - examine the accOW under section 145 of the Charities A . to follow the pr(edureS laid down ill the general DireaioDS Ei by the Charity Con]nwsion (under section 145(5Xb) of the Charities Acwd . to state whether particular tte[SI)8Ve Come to w attentiOlL Basis of independent examinerfs report My exatDination was carried out in accordance witb the General Directions given by the Charity Conunission. An ex8mitwon inejudes a review of the accouDbn8 records kept by tbe chlty 0] a comyarisoJL of the accounts prwted with those records. It also includes Wll5ideration of ally unusu81 iteJDS or disclosures in the accounts. and seekillg explanauons from the trustees concerning any sucb matters. The Procedures undth do not provide all the evidence tlllt would b¢ required in an alldit. and coJ)sequendy no opinion is give as to Wheth the accowits present a trne 8nd faiv view alld theryort is lill]ited to those nrt5 sd Out in the statement below. IDdepetydellt examiner's sl2tement Jn connection with )ny exaMItion , no matterh&5 Coll to my attention to indicate that.. - accounting iecords have not been kept in accordance with section 386 of the Companies Act ?006 - the accounts do noi accord with sudLrecords: . where accounts Prepared on an accruajs basis, whdhertbey foit to comply with relevant accounDng requirements under section 396 of the Companios Aa 2006. or are tsot corLSiStent with the ChaTiiie5 SORP (FRS 102) . any JDatter which the eXa]ner klieves sbouldbe (Irawn to the attention of the reader to gain a proper undeTSWiding of the accounts. Mrs Susan Lewi5 FCCA 6 Park road Newbridge Newport Gwent NPII 4PF Dale: 17th Decembw 2021 Page 2
RAVENHOUSE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 30th SEPTEMBER 2021 2021 2021 2021 unrtrICted Restricted Total Funds Funds Funds 2020 2020 2020 Ubrestrl¢t¢d Restricled Total Funds Funds Funds Notes Incoming Resources Donations, Bequests, Gifts Tax Recovered Gift Aid Warehouse I Shop Incorne Grants Investment Income Sundry Incorne Incoming Resources 74,287 4,111 23,642 28,286 3,841 78,128 4,111 23,642 40,286 35,749 6,718 50,342 10.000 9,791 45,540 6,718 50,342 i 0,000 12 12,000 io 2,208 132,534 2,208 15843 148377 102811 9801 112612 Resources Expended Other Gifts Needy Direct Charitable Expenditure Management and Administration 4,147 8,805 4,147 97,133 4,333 101,139 3,878 8,805 109,944 3,878 88,328 4,333 Re$our¢es Expended 105,017 8 805 113,822 92,661 12,952 105 613 Movement in funds before transfers (-Defieit) 27,517 7,038 34,555 10,150 -3.151 6,999 Movement after exceptional Items 27,517 7,038 34,555 10,150 -3,151 6,999 Transfers Net Movement in Funds For Year Balance brought forward 5,485 33,002 39,339 6,864 41,419 52,390 8,417 13,051 10,150 29,189 -3,151 7,397 6,999 36,586 Fund balances carried fOard £72,341 £21,468 £93,809 £39,339 £4,246 £43,585 Page 3
RAVEIWOUSE TRUST LIMrrED BALANCE SHEET AS AT 31hh SEPTEMBER 2021 2021 2021 Unrestricted Restricted Notes Funds Funds 2021 2020 2020 Unrestricted Restricted Funds Funds 2020 Total Totsl Flxed Assets Tangible Assets Current Assets Debtors Cash at Bank and in Hand io 26,112 26.112 1,290 1.290 35,800 21,468 61,912 21,468 57,268 37,859 83,380 39,149 13,051 13,051 50,910 52,2C Current Llabllltles Creditors- Amounts falling due within one year- Accruals Net Current Assets(-Llabllltles) 12 3.673 58,239 3,673 79,707 I,ioo 38,049 I,IOD 51,100 21,468 13,051 Total Assets less current liabilities Credltors- Amounts falling due after more than one year 84,351 21.468 105,819 39,339 13.051 52,390 12 12,010 £72,341 £21,468 £93,809 £39,339 £13,051 £52,390 Capltal Funds Unrestricted Restricted 72,341 72,341 39,339 21468 21468 13051 13,051 £72,341 £21,468 £93,809 £39,339 £13,051 £52,390 39,339 Triese fllWICi81 statements were approved by the Council of Management on 17th December 2021 For the year ended 30th Sq)tember 2020, the company was entitled to exemption from an audit under section 477 of The Companies Act 2006 relating to small companies. Directors, rttponsibilities: The members have n(rt required the company to obtain an audit of its accounts for the year in question in accordance with section 476, the directors acknowledge their responsibilities for complying with the requirements of The Act with respect to accounting records section 386 and the preparation of accounts, these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime section 381. Advantage has been tske in the pryaration of the financial statements, of special exemptions applicable to small companies on the grounds thaL in the Council of Management's opinion the company qualifies as a small company under s381 & $396 of Th¢ Companies Act 2006. SecTetaryrrrustee:............. .. .... Page 4
RAVENHOUSE TRUST LI1llTED INCOME AD EXPENDJTURE ACCOUNT FOR YEAR ENDED 30th SEPTEMBER 2021 Notes 2021 2020 Turnover- Continuing Activities 148,377 112,612 148,377 113,822 112,612 Administrative Expenses Operating Surplus/-Deficit 34,553 34,543 Other Operatin8 Income Interest Receivable Interest Payable and similar charges 12 Surplusl-Deficlt on ordlnary a¢tlvltAes Before 'faxation 34,555 34,555 Tax on Ordinary Activities Surplusl-Dtfieit on ordinary actlvities After TaxAtion I rdnsfers Freehold Propety 34,555 6,864 34,555 Sllrplusl-Deficit after exceptional item 41,419 34,555 Tax on Exceptional Item Retained surplus(-deficit) bmught forward 52,390 36,586 Retained Surplus(-Deficit) Carried Forwvdrd £93,809 £71,141 Page 5
RAVENHOUSE TRUST LIMITED NOTES TO THE ACCO TS FOR YEAR ENDED 30 EPTEMBER 2021 NOTE I.AC G POLICIES The following accollnting policies have been used consistently in dealing with items which are considered material in relation to the fancIal statements. Accountin onvention The financial statements have been prepared under the historical cost convention other than certain freehold propety which is included at valuation. omin Resource Voluntary income is received by way of donations and gifts and is included in incoming resources when these are Teceivable. Income from sales of donated goods has also been included. Interest receivable is included when it is rerEived. ources Ex ended Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any Value Added Tax which camlot be recovered. Depreciation has been provided on cost at 21Y/o using the straight line basis. Depreciation has been provided on cost at 200/0 using the straight line basis oldL and Buil Depreciation is only provided on freehold land and buildings Whe the Trustees consider that the remaining useful life is less than 50 years, The fehOLd property acquired in 2000 has been included at market value. All other freehold property has been included at cost. As a registered charity the Trust benefits from rates relief and is 8enerally exempt from Corporation Tax but not from Value Added Tax. Irrecoverdble Value Added Tax is included in the cost of tbose items to which it relates. Income recovered on deeds of covenants and Gift Aid donations are credited to the general unxestricted nds. Page 6
RAVE NO ETR ST LIMITED THE ACCOUN 30th SEpfE FOR NDE R20 continued Pen ionc The charity operates a money purchase pension scheme. The assets of the Scheme are held and managed separately from those of the Charity, nti l. Unrestricted funds comprise those fimds which the Trustees are free to use in accordance with the charitable objects. 2. Restricted funds are funds which have en 8iven for particular pUoses. 3. Designated funds are unrestricted ndS earmarked by the trustees for particular purposes. The turnover and deficitlsurplus for the period is attributable to the compangs principal activity, namely9 assisting those in need, alleviating hotnelessness, particularly among young people and the provision of training. NOTE 2. t Income Grant Income totalling £40,286 was received in the year ended 30th September 2021 (2020: £10,000) Page 7
RAVENHOUSE TRUST LLNtrrED NOTES TO THE ACCOUNTS FOR YEAR ENDED 30th SEYTEMBER 2021 NOTE 4 DIREcf CHARITABLE EXPE11TrURE 2021 Unrestrieted Funds 2021 2021 2020 2020 2020 Restiieted Funds Total Funds ijnrestritted Funds Restri¢t¢d Funds Total Funds Provision of Premises Building Trpairs Insurance Utilitie5 7,278 3,003 3.197 4.435 11,713 3.003 3,197 2.480 2.480 EIE 985 2,896 985 2,896 13,478 4,435 17.913 6,361 6,361 Charity Shoplwarehouse Trading Food Purchased Salaries and Wages Pensions Rent Van Loan Vehi¢le Costs Kickstart Sundries Depreciatiom 3,417 3,417 64,963 1,363 7.752 1.836 3.441 953 2.2?8 6,078 92,031 21.982 42.287 21.982 42.287 64.963 1,363 7.75? 1.836 3.441 13,750 3.188 13.750 3.188 953 2228 6.078 87,661 760 760 4,370 81,967 81,967 TOTAL £IOl.lJ9 £8.805 £109,944 £88,3?8 £0 £88,328 Page 8
RAVENHOUSE TRUST LIMtTED NOTES TO THE ACCOUNrs FOR YEAR ENDED 30th SEPTEMBER 2021 Note 5 Fund Raisin Costs There M'ere no fund raising costs during the year. NOTE 6 MNAGEMENr AM) ADMLYISTRATION EXPENDITURE 2021 202] 2021 2020 Reslrictrd Total Funds FuDds 2020 2020 Totsl Fullds Unrestricted Funds Unrestricted Funds Restricted Fullds Printing, Postage & Stationery Telephone Office EquipmenLIHardw8re Software Legal and Professional Charges Subscriptions Bank Charges Advertising Trustees, Indenlty Insurance TOTAL 658 679 198 336 1,005 188 357 235 222 £3,878 658 679 198 336 1,005 188 357 235 222 £3,878 213 659 28 293 625 95 308 659 157 293 625 129 466 1,875 174 £4,333 466 1,875 174 £4,557 £0 £224 Total Totsl Note70 eratin lus This is stated after charging:_ Depreciation 2021 2020 6,078 711 INote 8 Wa es and Salaries Wages and salaries 64,963 42287 Average number of ¢rnployees No employee was paid in excess of £60,000 per anum. Note 9 Taxation The company will seek exemption to coryoration tsx due to its cknitable status Page 9
RAVENHOUSE TRUST LIMITED NOTE 10 . TANGIBLE FIXED ASSETS AS AT 30th SEPTEMBER 2021 DEPRECI N METHOD . 'STRAIGHT LINE,. tATION ANNUAL LAND & CHATfELS DESIGN OVFICE MOTOR TAL COST Openin8 balance Disposals Additions 5,430 8-,556 13,986 30,900 30,900 IN DEPRECIATION Opening balance Disposals Charge for year 5,430 7,266 12,696 6,078 6,078 CLOSING BALAN NET BOOK VALUE At beginning of year £0 £0 £0 £0 £1,290 £1,290 At end of year £0 £0 £0 £0 £26,112 £26,112 Page 10
RAVENHOUSE TRUST LIMITED NOTES TO THE ACCOUNTS FOR YEAR ENDED 30th SEPTEMBER 2021 Note 10 Fixed Assets continued The company owns 77 shares in National Grid. These shares were donated and their market value at 30th September 2021 was £765 (2020:£704) 2021 Total 2020 Total Note 11 Debtors Sundry Debtors nil e wlth Hire Purchase agreement Van - KN69 RUY Accruals 3,673 800 I,ioo Nole 12 Creditors - Amounts fallin due after one Hire Purchase agreement Van- KN69 RUY 12,010 Pagell
RAVENHOUSE TRUST LIMETED NOTES TO THE ACCOUNTS FOR YEAR ENDED 30th SEPTEMBER 2021 Note 13 Called U Share Ca ItAI The company is limited by guarantee and accordingly has no share capAtsI. Every member of the company has undertaken to contiibute such amounts as may be required (not exceeding £5) to the compangs assets if it should be wound up Wle he/she is a member, or within one year after helshe ceases to be a member. Note 14 TraDsactlons wltb trustees and Conneeted Persons There were no trallsdctionb betwccn the clwity and trustees or connected persons during the year. The charity has purchased insurance of £150,000 which WAII indemnify itself and its Trustees against any losses suffered as a result of action tsken by its tsustee8. Nots 15 lfts fin Kfind Gifts in kind have been removed from ]n¢oming Resources as there is no monetary income attached to these items. The value of items donatsd to Foodbank are . satioD Name 2021 20 Bettws Stow Park & Ravenhouse Food BankG £96,920 £53,205 Caldicot Food Bank £7260 £27,928 £104.180 £81,133 Furnittjre / sunthy items to the value of £23,642 were donated to Ravenbouse during this period. Page 12
INDEPENDEI Nr EL4KtNER'S REPORT TO THE TRusfEKS OF IL4VENHOUSE TRUST LIMifED A registeied tharitynumbtr.. L031971 C¢)mpany reglstration number.. 2886655 FOR TELE YEAR ENDED 30th SEPTEMBER 2021 Th¢ report relates to fwicial Statents set out from 3 to 13. Respective respoJslbiIities of trusteu and enmiDeT The tee5 are responsible for the prep2radon of the aceouots. The th8ritys stees consider that an audit is not Tequired for the year, under section 144 of the Charldes Act 2011 (the CILarities Act) and that 8n independent examinallon is needed. It ts my respotsslbllity to: - examine the a¢counts under seetioll 145 of the Ch8rities Act - to follow tkn procedures18id dowll in the general Directions given by the CILaTlty Coll)mlsslon (under section 145(5)(b) of the CS]&rftl¢s Ac¢&nd - to state whether pprticular matters ha Come to Try att&itioIL Basts of ludep¢ndeDt eximiner's report My examination Was ¢arricd out in accordance with the General Direction5 given by the Charity Cornrnission. An exomination includes a review of the &ccountill8 records kept bythe clwiry alld a con9r150n of the aeeounts pffsented wlth those records. It atso laciudes collsideration of any un]Jsual lten or dis¢losuTes th the accounts. seeking explanailons from th¢ tru8tees concur.ing any such rnatters. The procedures undertakell do Dot provlde au the ¢Ylden¢e that would be r¢quir¢d in an audlt, and consequenity no opthim 1$ glven as to whether the accowts preswt a ue 8nd falv vlew th¢ r¢port is limited 10 those matters set out Sn tbe st&iem¢ntbelow. llldependellt examlner's stateJu¢nt In co]]ne¢uon with my examinatlon, no matterhas co]lle to my attention to itidicate that.. - a¢eountin8iecords bave not been kept aceordancewith se1n 386 ofth¢ Companirs Act 2006 - the accourLts do noi aecord with su¢h re¢ords'. - where accounis aTe prepared on 8n accluals basis, whether tbey fail io comply with relevgnt a¢couatiJg ttquireraents under se¢tion 396 of the coillpati Act 2006, or ¥¢ not consistent with the altieS SOPTr (FRS 102) . 8ny Inatter which the ex&Trilner belleyes shouLd bc dr&wll to tbe attention of the reader lo 82in £ proper undersiandlng of the accounts. Mrs Susao Lewts FCCA 6 Pa road Newbrid8e Newport Gwent NPII 4RF Date: 17thDec¢mber 2021 Page 2