2025-09-30-accounts

COMPANY REGISTRATION NUMBER: 02886655 CHARITY REGISTRATION NUMBER: 1031971

Raven House Trust Company Limited by Guarantee Unaudited Financial Statements

30 September 2025

WALTER HUNTER & CO LIMITED

Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF

Raven House Trust

Company Limited by Guarantee

Financial Statements

Year ended 30 September 2025

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	6
Statement of financial activities (including income and
expenditure account)	7
Statement of financial position	8
Notes to the financial statements	9

Raven House Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 September 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2025.

Reference and administrative details

Registered charity name Raven House Trust Charity registration number 1031971 Company registration number 02886655 Principal office and registered 276-278 Cromwell Road office Newport Gwent NP19 0HT The trustees J Cucksey (Resigned 27 January 2025) J C Hitchcock J Hughes B N Johnson B Perkins (Served from 27 January 2025 to S Mulcahy 1 June 2025) R E Ruff (Appointed 27 January 2025) Independent examiner Mr Jonathan Rhodes BSc BFP FCA 24 Bridge Street Newport South Wales NP20 4SF

1

Raven House Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2025

Structure, governance and management.

Raven House Trust was incorporated on 12 January 1994, is limited by guarantee and operates as a Charitable Incorporated Organisation, governed by its memorandum and articles of association 27 January 2025

Trustee meetings have been conducted on a regular basis in person and on-line. Trustees are in frequent contact with each other and with the management and staff of the Trust.

Staff

There has always been flexibility in the job roles. This is part of all the employee contracts. There are still six permanent employees, although these have changed due to a restructuring in April 2025.

The Business Development Lead position was made redundant in May 2025 following a financial assessment and under due process the role was identified as unviable: This role is being met successfully by the office manager.

Operations & Office Manager Shop Supervisor and Shop Assistant Two van drivers (This has changed from Driver and Driver Assistant) Grants Co-ordinator This is a new position that was offered to the individual who was already working for the Charity as a self-employed contractor.

Volunteers

Volunteers are involved in maintaining food donations and preparing food boxes and assisting in the shop. There were still approximately 17 volunteers across Raven House Trust and Caldicot Food Bank during this period but the number does fluctuate. Various organisations have given time to RHT. We have volunteers from local churches that also help within the Charity. Volunteers have proven to be a good team and have helped staff achieve the aims and objectives of the Trust .

Trustees

There are currently 5 active volunteer Trustees active in governing Raven House Trust, all of which are committed to the current mission and future vision of the Charity

Policies

The Employees Handbook forms part of all employees contracts. The Management and Trustees make regular checks to confirm that all policies are adhered to, and that there is full compliance with all of our Policies by staff, volunteers and visitors.

The reserves policy is the product of strategic planning, budgeting and our risk management processes. Reserves are set to cover unforeseen circumstances. Currently the Trustees have set a reserves policy equivalent to three month's essential expenditure. This equates to around £30,000.

2

Raven House Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2025

.

Objectives and activities

Raven House Trust fulfils its obligations as stated under the Charity Commission's aims and objectives.

The Charity's objects are:

• a) To assist with the relief of poverty by helping to meet the furniture and household needs of people on low income by, but not limited to, by the provision of reusable or new items of furniture and household items and food.

• b) The advancement, development and education of people by providing opportunities to volunteer and to train, so as to develop work skills and social skills, gain work experience and encourage social integration.

• c) To advance education and knowledge of the public sustainable waste management practises.

• d) To consider any associated issues or services which the Trustees may from time to time determine are appropriate, for the public benefit in the South East Wales area.

• e) e) To offer a new kitchen facility for Community engagement with schools and local groups. Also to help those less fortunate in our community in the preparation of inexpensive meals

Public Benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charities aims and objectives and in planning future activities.

Achievements and performance

Aid and Food parcels.

Food parcels are made and distributed to individuals and families in need who have been referred by their support worker, health visitors or social worker. It is estimated that 6,804 people received food parcel during the year, an increase from 6,546 from the previous year (based on a small parcel feeding 2 people and a large feeding 4).

The value of food parcels distributed which now include toiletries, cleaning products and toys was £146,720.

A total of 79 aid referrals were processed for furniture packages (Up from 62 the previous year) The increase was due to grant funding available. We were awarded a grant to help fund this important initiative

3

Raven House Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2025

Financial review

Donations

The total of monetary donations received was £83,416 (a decrease on last year's £86,927). Gift aid reclaimed was £13,557 (an increase from last year . The Christmas parcel scheme raised in excess of £3,000.

Grants

Grants received in total for the period were £153,927 (an increase on last year's £28,263). This includes substantial grants from:

£18,000 from Garfield Western Foundation to cover the cost of providing additional furniture packages to families and individuals in need

£25,000 from Postcode Community Trust to help provide emergency furniture, food and support to local people who are in crisis

£20,000 from National Lottery for our Fresh Start Project, to help more people reach their potential by supporting them from the moment they start to be moved from crisis into a new home and support them through the cost of living crisis.

£21,000 from the Waterloo Foundation to cover the cost of 50 furniture packages and to fund career/business advisor support as part of our Fresh Start Skills Project

£3,000 from The Sackler Trust for the purchase of 5 laptops and memory sticks for use in the career room

£2,000 from The Oakdale Trust, to help provide 6 families with furniture packages

£3,000 from Newport City Homes to help cover the cost of furniture packages

£5,000 from the 1910 Trust to fund our Fresh Start Furniture project

£19,153 from Newport City Council to fund our Breaking Barriers for Opportunity project

Sale of goods and services were £74,659 (a decrease on last year £83,377)

4

Raven House Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 September 2025

Future

The Trustees believe that Raven House Trust has fulfilled all the objects and aims it has committed to during this period.

There are plans in 2026 to build a small garden at the back of the building in order to grow vegetable and seasonings. This will have a ramp for wheelchair access.

Also, there are plans in 2026 to improve accessibility upstairs to the disabled and to parents with small children, by adding a lift within the premises.

The Trustees believe that the increase in the sale of goods and services is very positive, especially due to the ongoing challenges in obtaining grants. The Trustees will continue to monitor all aspects of expenditure within the Charity, including staff costs, storage and publicity. We aim to continue helping those in need in the South East Wales area by continuing to fulfil the aims laid down in our charitable document.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to

The Trustees' annual report was approved in an on-line meeting on and signed on behalf of the board of Trustees by:

B N Johnson Trustee (Chair)

5

Raven House Trust

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Raven House Trust

Year ended 30 September 2025

I report to the trustees on my examination of the financial statements of Raven House Trust ('the charity') for the year ended 30 September 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the

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 the charity In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity 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 England and Wales (ICAEW), 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:

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of is not a matter considered as part of an independent examination; or

4. the financial statements 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.

Mr Jonathan Rhodes BSc BFP FCA Independent Examiner Walter Hunter & Co Limi 24 Bridge Street Newport South Wales NP20 4SF

6

Raven House Trust

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 September 2025

			2025		2024
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	99,123		99,123	91,248
Charitable activities	6	99,659	128,927	228,586	111,640
Investment income	7	992		992	1,938
Total income		199,774	128,927	328,701	204,826
Expenditure
Expenditure on charitable activities	8,9	175,171	92,405	267,576	258,963
Total expenditure		175,171	92,405	267,576	258,963
Net gains on investments	11	39		39	14
Net income/(expenditure) and net
movement in funds		24,642	36,522	61,164	(54,123)
Reconciliation of funds
Total funds brought forward		101,626	2,500	104,126	158,249
Total funds carried forward		126,268	39,022	165,290	104,126

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 24 form part of these financial statements

7

Raven House Trust

Company Limited by Guarantee

Statement of Financial Position

30 September 2025

2025 2024 Note £ £ Fixed assets Tangible fixed assets 16 8,332 13,106 Investments 17 651 612 8,983 13,718 Current assets Cash at bank and in hand 161,431 94,103 Creditors: amounts falling due within one year 18 5,124 3,695 Net current assets 156,307 90,408 Total assets less current liabilities 165,290 104,126 Net assets 165,290 104,126 Funds of the charity Restricted funds 39,022 2,500 Unrestricted funds 126,268 101,626 Total charity funds 20 165,290 104,126		2024 £ 13,106 612
		13,718 94,103 3,695
		90,408

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements 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 and the preparation of financial statements.

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

These financial statements were approved by the board of trustees and authorised for issue on , and are signed on behalf of the board by:

B N Johnson Trustee

The notes on pages 9 to 24 form part of these financial statements

8

Year ended 30 September 2025

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 276-278 Cromwell Road, Newport, Gwent, NP19 0HT.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest pound.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income tax

The charity is exempt for tax on its charitable activities.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

9

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

10

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles - 20% p.a. straight line - Equipment 33% p.a. straight line

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

11

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

4. Limited by guarantee

The charity is incorporated under the Companies Act 2006 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Donations
General Donations	83,416	83,416	86,927	86,927
Gift Aid	13,557	13,557	2,321	2,321
Christmas Parcel Scheme	2,150	2,150	2,000	2,000
	99,123	99,123	91,248	91,248

The charity receives donations of food, drink and other items which are not included in the totals above.

The Trustees estimate the value of these donations to be approximately £118,000 (2024: £107,000) in the year.

12

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

6. Charitable activities

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Sale of goods/services as part of direct charitable
activities	74,659		74,659
Albert Hunt		7,000	7,000
Arnold Clark
Community Foundation Wales		7,000	7,000
Garfield Western Foundation		18,000	18,000
GAVO NCC School Holiday Additional Food
Provision Grant		3,440	3,440
GAVO RIF Cost of Living Fund
GAVO Warm Hubs
Lloyds Bank Foundation
Moondance Foundation		5,250	5,250
Newport City Homes		3,000	3,000
Newport Community Development Grant Scheme		19,153	19,153
National Grid Community Fund		5,000	5,000
National Lottery Community Fund		20,000	20,000
Oakdale Trust		2,000	2,000
POBL Community Chest		959	959
Postcode Community Trust	25,000		25,000
Tesco Stronger Starts		1,125	1,125
The Morrisons Foundation		8,000	8,000
The Sackler Trust		3,000	3,000
The Waterloo Foundation		21,000	21,000
1910 Trust		5,000	5000
	99,659	128,927	228,586

13

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

6. Charitable activities (continued)

				Unrestricted	Unrestricted	Restricted	Restricted	Total Funds
				Funds		Funds		2024
				£		£		£
	Sale of goods/services as part of direct charitable
	activities			83,377				83,377
	Albert Hunt
	Arnold Clark					2,500		2,500
	Community Foundation Wales
	Garfield Western Foundation					15,000		15,000
	GAVO NCC School Holiday Additional Food
	Provision Grant					3,000		3,000
	GAVO RIF Cost of Living Fund					813		813
	GAVO Warm Hubs					5,400		5,400
	Lloyds Bank Foundation			1,550				1,550
	Moondance Foundation
	Newport City Homes
	Newport Community Development Grant Scheme
	National Grid Community Fund
	National Lottery Community Fund
	Oakdale Trust
	POBL Community Chest
	Postcode Community Trust
	Tesco Stronger Starts
	The Morrisons Foundation
	The Sackler Trust
	The Waterloo Foundation
	1910 Trust
				84,927		26,713		111,640
7.	Investment income
		Unrestricted		Total Funds		Unrestricted		Total Funds
		Funds		2025		Funds		2024
		£		£		£		£
	Income from listed investments		29		29		56	56
	Other interest receivable	963		963		1,882		1,882
		992		992		1,938		1,938

14

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

8. Expenditure on charitable activities by fund type

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Albert Hunt		7,000	7,000
Arnold Clark		2,500	2,500
Caldicot Food Bank	21,688		21,688
Christmas Parcel Scheme	1,977		1,977
Community Foundation Wales		7,000	7,000
Fuel Support Scheme
Garfield Weston Foundation		18,000	18,000
GAVO NCC School Holiday Additional Food
Provision Grant		3,440	3,440
GAVO RIF Cost of Living Fund
GAVO Warm Hubs
Moondance Foundation		5,250	5,250
Newport City Homes		3,000	3,000
National Lottery		20,000	20,000
NCC Van Grant
Oakdale Trust		2,000	2,000
POBL Community Trust		959	959
Postcode Community Trust	25,000		25,000
Raven House Trust	117,915		117,915
The Morrisons Foundation		754	754
The Sackler Trust		2,502	2,502
The Waterloo Foundation		15,000	15,000
1910 Trust		5,000	5,000
Support costs	8,591		8,591
	175,171	92,405	267,576

15

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

8. Expenditure on charitable activities by fund type ( continued )

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2024
				£	£	£
Albert Hunt
Arnold Clark
Caldicot Food Bank				24,370		24,370
Christmas Parcel Scheme				2,294		2,294
Community Foundation Wales					5,000	5,000
Fuel Support Scheme				2,000		2,000
Garfield Weston Foundation					15,000	15,000
GAVO NCC School	Holiday	Additional	Food
Provision Grant					5,000	5,000
GAVO RIF Cost of Living	Fund				813	813
GAVO Warm Hubs					5,400	5,400
Moondance Foundation
Newport City Homes
National Lottery
NCC - Van Grant					7,500	7,500
Oakdale Trust
POBL Community Trust
Postcode Community Trust
Raven House Trust				183,860		183,860
The Morrisons Foundation
The Sackler Trust
The Waterloo Foundation
1910 Trust
Support costs				7,726		7,726
				220,250	38,713	258,963

16

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

9. Expenditure on charitable activities by activity type

	Activities
	undertaken		Total funds	Total fund
	directly Support costs		2025	2024
	£	£	£	£
Raven House Trust	117,915	8,591	126,506	191,586
Albert Hunt Trust	7,000		7,000
Arnold Clark	2,500		2,500
Caldicot Food Bank	21,688		21,688	24,370
Christmas Parcel Scheme	1,977		1,977	2,294
Community Foundation Wales	7,000		7,000	5,000
Fuel Support Scheme				2,000
Garfield Weston Foundation	18,000		18,000	15,000
GAVO NCC School Holiday Additional
Food Provision Grant	3,440		3,440	5,000
GAVO RIF Cost of Living Fund				813
GAVO Warm Hubs				5,400
Moondance Foundation	5,250		5,250
National Lottery	20,000		20,000
NCC - Van Grant				7,500
Newport City Homes	3,000		3,000
POBL Community Trust	959		959
Postcode Community Trust	25,000		25,000
The Morrisons Foundation	754		754
The Oakdale Trust	2,000		2,000
The Sackler Trust	2,502		2,502
The Waterloo Foundation	15,000		15,000
1910 Trust	5,000		5,000
	258,985	8,591	267,576	258,963

10. Analysis of support costs

	Raven House
	Trust	Total 2025	Total 2024
	£	£	£
Communications and IT	1,472	1,472	1,070
Legal and Professional	7,119	7,119	6,656
	8,591	8,591	7,726

17

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

11. Net gains on investments

		Unrestricted	Unrestricted	Total Funds	Total Funds	Unrestricted	Total Funds
		Funds		2025		Funds	2024
		£		£		£	£
	Gains/(losses) on listed investments		39		39	14	14
12.	Net income/(expenditure)
	Net income/(expenditure) is stated after charging/(crediting):
						2025	2024
						£	£
	Depreciation of tangible fixed assets					8,276	7,791
13.	Independent examination fees
						2025	2024
						£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements					1,620	1,560

14. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	148,421	144,486
Social security costs	5,603	804
Employer contributions to pension plans	2,101	2,093
	156,125	147,383

Caldicot Food Bank is run entirely by volunteers. Included within donations and within expenditure on charitable activities is £18,837 (2024: £18,224) which represents the hours provided by volunteer staff.

The average head count of employees during the year was 7 (2024: 7). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024	2024
	No.	No.
Number of staff - Raven House Trust	4		4

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

15. Trustee remuneration and expenses

No remuneration or expenses or other benefits from employment with the charity or a related entity were received by the trustees.

18

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

16. Tangible fixed assets

		Motor	Office
		vehicles	Equipment	Total
		£	£	£
	Cost
	At 1 October 2024	30,900	11,110	42,010
	Additions		3,502	3,502
	At 30 September 2025	30,900	14,612	45,512
	Depreciation
	At 1 October 2024	21,630	7,274	28,904
	Charge for the year	6,180	2,096	8,276
	At 30 September 2025	27,810	9,370	37,180
	Carrying amount
	At 30 September 2025	3,090	5,242	8,332
	At 30 September 2024	9,270	3,836	13,106
17.	Investments
				Listed
				investments
				£
	Valuation
	At 1 October 2024			612
	Additions
	Fair value movements			39
	At 30 September 2025			651
	Impairment
	At 1 October 2024 and 30 September 2025
	Carrying amount
	At 30 September 2025			651
	At 30 September 2024			612
	All investments shown above are held at valuation.
	Financial assets held at fair value

The charity owns 61 shares in National Grid. The market value of the shares at 30 September 2025 was £651 (2024: £612).

19

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

18. Creditors: amounts falling due within one year

Accruals and deferred income Social security and other taxes Other creditors	2025 £ 1,620 3,243 261 5,124	2024 £ 1,560 1,695 440
		3,695

19. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,101 (2024: £2,093).

20

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

20. Analysis of charitable funds

Unrestricted funds

	At				Gains and	Gains and	At
	1 Oct 2024	Income	Expenditure	Transfers	losses		30 Sep 2025
	£	£	£	£	£		£
General funds	72,990	146,273	(126,506)			39	92,796
Redundancy fund
Caldicot Food
Bank	24,097	26,351	(21,688)				28,760
Christmas Parcel
Scheme	672	2,150	(1,977)				845
Postcode
Community Trust		25,000	(25,000)
Fuel Support
Scheme	3,867						3,867
	101,626	199,774	(175,171)			39	126,268
	At				Gains and		At
	1 Oct 2023	Income	Expenditure	Transfers	losses		30 Sep 2024
	£	£	£	£	£		£
General funds	92,777	148,559	(191,585)	23,225		14	72,990
Redundancy fund	3,225			(3,225)
Caldicot Food
Bank	40,914	27,554	(24,371)	(20,000)			24,097
Christmas Parcel
Scheme	966	2,000	(2,294)				672
Postcode
Community Trust
Fuel Support
Scheme	5,867		(2,000)				3,867
	143,749	178,113	(220,250)			14	101,626

21

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

20. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
		At				Gains and		At
	1 Oct 2024		Income	Expenditure	Transfers	losses	30 Sep 2025
	£		£	£	£	£	£
Albert Hunt Trust			7,000	(7,000)
Arnold Clark	2,500			(2,500)
Community Foundation
Wales			7000	(7,000)
GAVO NCC additional
food provision grant			3,440	(3,440)
Garfield Western
Foundation			18,000	(18,000)
Moondance Foundation			5,250	(5,250)
National Grid Community
Fund			5,000				5,000
National Lottery			20,000	(20,000)
Newport City Homes			3,000	(3,000)
Newport Community
Development Grant
Scheme			19,153				19,153
POBL Community Trust			959	(959)
Teso Stronger Starts			1,125				1,125
The Morrisons Foundation			8,000	(754)			7,246
The Oakdale Trust			2,000	(2,000)
The Sackler Trust			3,000	(2,502)			498
The Waterloo Foundation			21,000	(15,000)			6,000
1910 Trust			5,000	(5,000)
	2,500		128,927	92,405			39,022

22

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

20. Analysis of charitable funds (continued)

		At				Gains and		At
	1 Oct 2023		Income	Expenditure	Transfers	losses	30 Sep 2024
	£		£	£	£	£	£
Albert Hunt Trust
Arnold Clark			2,500				2,500
Community Foundation
Wales	5,000			(5,000)
Garfield Western
Foundation			15,000	(15,000)
GAVO NCC additional
food provision grant	2,000		3,000	(5,000)
GAVO RIF Cost of Living
Fund			813	(813)
GAVO Warm Hubs			5,400	(5,400)
Moondance Foundation
National Grid Community
Fund
National Lottery
Newport City Homes
Newport Community
Development Grant
Scheme
NCC Van Grant	7,500			(7,500)
POBL Community Trust
Teso Stronger Starts
The Morrisons
Foundation
The Oakdale Trust
The Sackler Trust
The Waterloo Foundation
1910 Trust
	14,500		26,713	(38,713)			2,500

23

Raven House Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 September 2025

21. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds		2025
	£	£		£
Tangible fixed assets	8,332			8,332
Investments	651			651
Current assets	122,409	39,022		161,431
Creditors less than 1 year	(5,124)			(5,124)
Net assets	126,268	39,022		165,290
	Unrestricted	Restricted	Total Funds
	Funds	Funds		2024
	£	£		£
Tangible fixed assets	13,106			13,106
Investments	612			612
Current assets	91,603	2,500		94,103
Creditors less than 1 year	(3,695)			(3,695)
Creditors greater than 1 year
Net assets	101,626	2,500		104,126

24