**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