2021-03-31-accounts - Valley House

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				LEGAL AND ADMINISTRATIVE	LEGAL AND ADMINISTRATIVE	INFORMATION
Registered	company		number	03593394
Registered	charity number			1074539
Directors	and	Trustees		D du Boulay
				5 Kasli
				G Parker		Chair
				BWhittington		Treasurer
				J Bradley		Deputy Chair (appointed		November	2020)
				DJanda
				R Smith
Company	secretary			U Winterburn
Senior management			team	U Winterburn		Chief Executive
				C Pike		Director of	Operations
				P Wilson		Director of	Finance and	Resources
						(appointed	24August 2020}
Business	address			55-57 Bell Green		Road
Ik Registered		office		Coventry
				West Midlands
				CV6 7GQ
Auditors				Burgis Ik Bullock
				23-25Waterloo Place
				Warwick Street
				Leamington	Spa
				CV32 5LA
Bankers				Barclays Bank pic
				Coventry
				25 High Street
				Coventry
				CV1 SQZ
Solicitors				Ant:hony Collins Solicitors
				134Edmund	Street
				Birmingham
				B32ES

Annual Trustees &Management;	Committee	Report (including	1-15
Directors' Report and Strategic Report)
Report ofthe Auditors			16-18
Statement of Financial Activities			19
Balance Sheet			20
Statement of Cashflows
Notes to the Financial Statements			22-37

The legal registration		details are:
Date ofincorporation			6July 1998
Company registration		number	03593394
Registered office			55-57 Bell Green Road, Coventry, West Midlands,	CV6 7GQ
Charity registration	number		1074539

Service		Adults	Children
Domestic Abuse		179	153
Young Parent			10
Counselling		28
Community	Wellbeing	61	26
Nursery
TOTAL		268	282

Feelin	Positive scorin	Positive scorin	Positive scorin	ex lanation	ofworkin	%at end ofworking with Valley House
1 - I'm	not thinkin		about this		25%	12.50%
2-1'mex lorin		this			25%	12.50%
3-I'mmakin		chan	es		31.25%	6.25%
4-I'm	ettin	there			12.50Yo	43.75Yo
5- I'm	as ood	as I	can	be	6.25Yo	25%

AVALLEY - HOUSE VALLEY HOUSE (company Ilmtted byguarnrttoe havlw no share rapltall INDEPENDENT AUDITORS. REPORT ICONTINUEDI TO THETRUSTEES OFVALiEY HOUSE Based on our understèndini of the Chartty and Industry we Identthed that the prlnclpal rlsk of non<ompllance with law5 and regulations related to bTeache5 of Health & Social Care Acts, Human Rights Act, SafeguaTding, Mentsl Capacity Act, Health & Safety hnd Envirmrnentol Regul3t(C5. GDPR, fhafltles Act 2011. Companie5 Act 2C4J68nd UK Employment Law. We evahjated manaKewent Sncentlve and opportunlties forfraudulent manlpulatfonsof thefinancial staternentsand determlned the prfnclpal risk5 ore related to expendlturethat does nctfall wSthln the thorktsble ablettlvès orwhich would personally benelit theTru5tees. Audlt PredureS Ferfomied Include.. Identlfyingand assessin8thede5iÈn effetti¥eness of ¢omtro15 In rnanagement have in place to pvent aTrd detectfraud. Challengin8 assumptlons and judgrnents rnade by management in their 5Lqnificant accountlng estirnètes and assessing If these indieète evidenceof mèftageffnt b5as. - Reviewingthe accountlng records for latge and unusual bank payments and testingany identified and In partlcular the rlonale forany transartions outslde rhetharitrfs normal course of busine5S. Revlewlng the acttsunting records for1arge and unu5u?l journal entrSes and te5tln8 any Identlfied an¢J In partlcular the ratlonale loraryytrdf4sartli5 outslde thecharitys normal course of buslness. -Testing è sample of debitentries in the proflt and lass arcovnt to check rhey¥re bona-me cog -Testing a sample of bank payments to source docurnentotion. Reviewingcorrespondence and cofflrnunicotion wlth reguktors. Discus5Ions wlth management Includ4ng ccnslderation of known or5uspected ¥i¢idence5 of n0n-cornplianwrh laws and regulatkjn and frnud. Because of the inherent Ilmbtations of an audlt. the 55 a rfsk that we wlll not detectall Irregularitie5, includlng ih05e leodinB to material mis*aternent In the financial statetnents or non<ornpllance with regulation. Thi5 risk Increases the more that cornpl1an writh a law or regulatlon Is rernoved from the events and transartions reflect& in the financial staternents. 35 we will be less Ilkely to become awa of InStanS of fton£ompliance. The risk is also greater regarding irregularities occurring due to fraud ratherthan error, as fraud Involves Intentional concealmenL forgery. £ollu5ion. omlssion or MrePresetIon. A further descriptlon of our responslbilrties 15 avaikble on the Finandal Reptrtln8 Councll's website at: https'.1lwww.frc.ore.uklOuT-WorklAudirlAudit-and-as5uran1standardS-and-SYIdance1sIand3rds-3nd-gUlènCe-f0r- auditorslAudirors-re5ponslbilltie54or4udir/DescriptiOn-Df-Huditors-Tesponsibilitie5.for-audlt.aspx. Thi5 descrlption foms part of our audltor'$ report Usg of Dur report Thls rep)rt Is made solely ro the Charitable company's membeTS, as a body. in ac£ordance vjith thapter 3 of Part 16 of the Companles Act 2006. Our audlt work has been undertaken $0 that we might state to the £harlt3ble companvs members those matters we are required to state to them In ars audltorfs rerx)rt and for no other purpose. To the fUlsteXtent permitted by law, we do not accept or 25sume responslbility to anyone other than the chèritable company and the charitsble compaftvs members a5 a LYJdy4 forour auditwork, forthis report, orforthe oplnlons we have fcrmed. bJ 44 HIAbbo WendeHubbard FCCA {SeniorStatut Auditor) lorand on behalf of &Jr815 & Btsllock Chartered A¢countants St•iutory Audftor 23-25 Waterloo Place Warwick Street Leamington Spa Warwld<5hlre CV32 SL4 Dated-. 15 November 2021 -18-

OUSE		(company gml	(company gml	ted by guarantee hav	ted by guarantee hav	ing no share	capital)	capital)
		STATEMENT OF RNANCIAL		ACTiVITIES (Indudlng		Income and	Expenditure Account)
			FORTHE YEAR ENDED		S1MARCH 2021
				unrestricted	Funds		Restricted	Endowment	2021	2020
				General	Designated		Funds	Funds	TOTAL	TOTAL
(RI38mfIRRI			Note	E		E	E	E	E	E
Donations and legades				7,054		10,000			17,054	8,939
Charitable Activities
Tenant welfare services				524,942					524,942	408,660
Nursery Fees				216,292					216,292	206,137
Service Contracts				684,774					684,774	650,971
Grants							115,270		115,270	146,818
Other trading activities										7,300
Investment incame				1,010					1,010	3,629
Total income				1,434,072		10,000	115,270		1,559,342	1,432,454
Expenditure on:
Raising funds				720					720
Charitable activities				1,220,764		17,591	152,099	10,288	1,400,742	1,442,212
Other trading activities										4,686
Governance				30,763					30,763	33,0?3
Other expenditure			12	59,897					59,897
Total resources expended				1,312,144		17591	152099	10,288	1,492,122	1,479,971
Net income(expenditure	) before	gains/(losses)	an Investments	121,928		P,591)	(36,829)	(10+88)	67,220	(47,517)
Net gains/(losses) an Investments						110,582			110,582	1,107
Net income/(expenditure)				121,928		102,991	(36,829)	(10,288)	177,802	(46,410)
Transfer between funds			20/21/22	(100,887)		68,411	32,476
Net movement In funds				21,041		171,402	(4,353)	(10,288)	177,802	(46,410)
Fund balances at 1April 2020				184,269		600,104	105,455	418,556	1,308,384	1,354,794
Fund balances at31March 2021			20/21/22	205,310		771,506	101,102	408,268	1,486,186	1,308,384

souse	(com	pany limited by guarantee having no share capital)	pany limited by guarantee having no share capital)
		BALANCE SHEETAS AT31MARCH 2021
			2021	2020
		Note	E	E
Fixed assets
Tangible assets		14	2,036,642		546,318
Current assets
Debtors		15	82,839	106,349
Investments		16	573,006	462,424
Cash atbank and	inhand		650,918	332,695
			1,306,763	901,468
Creditors: amounts	falling due
within one year		17	(157,219)	(139,402)
Net current assets			1,149,544		762,066
Total assets less current liabilities			3,186,186		1,308,384
Creditors: amounts	falling due after more
than one year		18	(1,700,000)
Net assets			1,486,186		1,308,384
Funds
Unrestricted funds
Designated funds		22	771,506	600,104
General funds		22	205,310	184,269
			976,816		784,373
Endowment funds		20	408,268		418,556
Restricted funds		21	101,102		105,455
			1,486,186 BING+,		1,308,384

		STATEMENT OF CASHFLOWS
		FOR THE YEAR ENDED 31MARCH 2021
			2021	2020
			E	E
Cash flows from operating	activities
Net incoming resources			177,802	(46,410)
Add back depreciation charge and impairment			18,144	17,980
Deduct unrealised profits	on investments		(110,582)	(1,107)
(Increases)/decrease in debtors			23,511	(57,277)
Increase in creditors			17,816	26,694
Cash (outflow)/inflow from operating		activities	126,691	(60,120)
Cash flows from investing	activities
Purchase offixed assets			(1,508,468)	(13,367)
Unrealised profits on investments			110,582	1,107
Increase in loan			1,700,000
Cash used in investing activities			302,114	(12,260)
Net increase/(decrease)	in cash and	cash equivalents	428,805	(72,380)
Cash and cash equivalents	at 01/04/2020		795,119	867,499
Cash at bank			650,918	332,695
Short term investments			573,006	462,424
Cash and cash equivalents	at31/03/2021		1,229,924	299,119

				Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
				Funds	Funds	Total	Funds	Funds	Total
				f	f	f	f	f	f
	Tenant welfare services			524,942		524,942	408,660		408,660
	Nursery Fees			216,292		216,292	206,137		206,137
	Service Contracts
	Supported	accommodation		677,688		677,688	587,458		587,458
	Floating Support			7,086		7,086	48,672		48,672
	Youth Service						14,841		14,841
	Grants
	Pre-therapy	counselling			115,270	115,270		145,317	145,317
	Youth service							1,501	1,501
				1,426,008	115,270	1,541,278	1,265,768	146,818	1,412,586
S.	Income from	other trading activities
				Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
				Funds	Funds	Total	Funds	Funds	Total
				f	f	f	f	f	f
	Student placements						7,275		7,275
	Other income						25		25
							7,300		7,300
6.	Income from	investment	income
				Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
				Funds	Funds	Total	Funds	Funds	Total
				f		f	f		f
	Bank interest			1,010		1,010	3,629		3,629

7.	Expenditure	on raising funds	on raising funds	on raising funds
					Direct	Support		2021	Direct	Support	2020
					Costs		Costs	Total	Costs	Costs	Total
					f		f	f	f	f	f
	Unrestricted	Funds
	Fundraising	and publicity			720			720
	Unrestricted	funds' support		costs are allocated	in proportion to revenue		received.
g.	Expenditure	on charitable		activities
					Direct	Support		2021	Direct	Support	2020
					Costs		Costs	Total	Costs	Costs	Total
					f		f	f	f	f	f
	Unrestricted	Funds
	Property costs				287,836	56,634		344,470	262,326	55,249	317,575
	Nursery				168,032	15,560		183,592	182,830	19,725	202,555
	Supported accommodation				604,843	47,601		652,444	522,638	55,678	578,316
	Floating Support				39,910		348	40,258	58,528	4,594	63,122
	Youth service								11,691	1,406	13,097
					1,100,621	120,143		1,220,764	1,038,013	136,652	1,174,665
	Restricted Funds
	Childrens' centre				4,353			4,353	4,353		4,353
	Pre-therapy	counselling			137,657		8,107	145,764	184,039	14,188	198,227
	Youth service				1,982			1,982	1,359	142	1,501
					143,992		8,107	152,099	189,751	14,330	204,081
	Designated	Funds
	Youth service								5,658		5,658
	Nursery								6,345		6,345
	Pre-therapy	counselling			13,964			13,964	2,64S		2,648
	Training				855			855	7,537		7,537
	Property costs				2,772			2,772	30,988		30,988
					17,591			17,591	53,176		53,176
	Endowment	Funds
	Property costs				10,288			10,288	10,290		10,290
					10,288			10,288	10,290		10,290
	Total cost ofcharitable		activities		1,272,492	128,250		1,400,742	1,291,230	150,982	1,442,212

Expenditure	on other trading activities
		Direct	Support	2021	Direct	Support	2020
		Costs	Costs	Total	Costs	Costs	Total
		f	f	f	f	f	f
Unrestricted	Funds
Student placements					4,000	686	4,686
					4,000	6&6	4,686

						Other
					Governance	Support
					Related	Costs	Total
					f	f	f
Cost type
Staffcosts					23,683	115,004	138,687
Other costs						13,135	13,135
Auditors remuneration	( including	non audit fees off1275 in other costs)			7,080		7,080
Depreciation						111	111
					30,763	128,250	159,013
		Direct	Support	2021	Direct	Support	2020
		Costs	Costs	Total	Costs	Costs	Total
		f		f			f
Cost ofgovernance
Auditors remuneration		5,805		5,805	6,868		6,868
Staff costs			23,683	23,683		24,753	24,753
Other costs		1,275		1,275	1,275	177	1,452
		7,080	23,683	30,763	8,143	24,930	33,073

Staff costs
					2021	2020
					Total	Total
					E	E
Salaries					955,787	945,663
Social security	costs				76,978	72,765
Pension costs					33,&20	35,439
					1,066,585	1,053,867
Salaries include	Enil (2020-	Enil) paid to agency staff during		the year.
The aggregate	redundancy	costs during the year amounted		to Enil (2020-E16,436)
The average number ofemployees			during the year was:
					2021	2020
					Headcount	Headcount
Service providers/admin					48	48
Maintenance					4	5
					52	53

	Furniture
	Fixtures&	General	SASC	Community
	Equipment	Buildings	Properties	Garden	Total
	f	f	f	f	f
Cost:
As at 1stApril 2020	87,048	1,223,297		44,151	1,354,496
Additions during year	2,211	9,795	1,496,462		1,508,468
Disposals during the year	(69,992)				(69,992)
Asat31March 2021	19,267	1,233,092	1,496,462	44,151	2,792,972
Depreciation:
As at 1stApril 2020	75,352	688,675		44,151	808,179
Charge for the Year	3,342	14,802			18,144
Disposals during the year	(69,992)				(69,992)
Impairment losses
As at31March 2021	8,702	703,477		44,151	756,330
Net book value:
As at 31March 2021	10,565	529,615	1,496,462		2,036,642
As at 31st March 2020	11,696	534,622			546,318

Debtors
	2021	2020
	f	f
Rent receivable	50,351	26,584
Other debtors	15,835	29,295
Prepayments	16,653	50,470
	82,839	106,349


Investments				Usted investments
				2021	2020
				f	f
Market value as at01April 2020				462,424	461,317
Unrealised gain in year				110,582	1,107
Market value as at31March 2021				573,006	462,424
100' ofthe Investment	is in the COIF Charities	Ethical Investment	Fund

The funds ofthe charitable company include endowm	ent funds comprising:
			Funds	Transfer
	Balance at	Funds	Expended/	Between	Balance at
	01/04/2020	Receivable	Impairment	Funds	31/O3/2O21
	E		E	E	E
Capital grants
LSCregeneration budget	6,678		(474)		6,204
Coventry children's centres- Canopy	1,345		(94)		1,251
Coventry children's centres - Conservatory	10,892		(282)		10,610
Big lottery fund - Young people's fund	3,273				3,273
General charities —Servers	2,113				2,114
General charities —Capital Fund	20,000				20,000
Counselling suite	20,682		(840)		19,842
National Lotteries Charity Board	101,003		(2,160)		98,843
25 Bell Green Road	127,206		(3,301)		123,905
Counselling Suite 25 Bell Green Road	17,904				17,904
Improvements to garden, car park	34,008		(1,486)		32,522
Navigation Centre extension	73,452		(1,652)		71,800
Total restricted capital grants 2020/21	418,556		(10,288)		408,268
			Funds	Transfer
	Balance at	Funds	Expended/	Between	Balance at
	01/04/2019	Receivable	Impairment	Funds	31/03/2020
	E	f	E		E
Capital grants
LSC regeneration budget	7,153		(475)		6,678
Coventry children's centres - Canopy	1,438		(93)		1,345
Coventry children's centres - Conservatory	11,175		(283)		10,892
Big lottery fund - Young people's fund	3.273				3,273
General charities - Servers	2,113				2,113
General charities —Capital Fund	20,000				20,000
Counselling suite	21,521		(839)		20,682
National Lotteries Charity Board	103,162		(2,159)		101,003
25 Bell Green Road	130,508		(3,302)		127,206
Counselling Suite 25 Bell Green Road	17,904				17,904
Improvements to garden, car park	35,495		(1,487)		34,008
Navigation Centre extension	75,104		(1,652)		73,452
Total restricted capital grants 2019/20	428,846		(10,290)		418,556


Restricted Funds					Funds	Transfer
			Balance at	Funds	Expended/	Between	Balance at
Capital grants			01/04/2020 f	Receivable f	Impairment	Funds f	31/03/2021 f
Coventry Children's		Centres	105,455		(4,353)		101,102
Total restricted	revenue grants 2020/21		105,455		(4,353)		101,102
					Funds	Transfer
			Balance at	Funds	Expended/	Between	Balance at
Capital grants			01/04/2019 f	Receivable f	Impairmentf	Funds f	31/03/2020 f
Coventry Children's		Centres	109,808		(4,353)		105,455
Total restricted	revenue grants 2019/20		109,&08		(4,353)		105,455

						Transfer
			Balance at	Funds	Funds	Between	Balance at
			01/04/2020	Receivable	Expended	Funds	31/03/2021
Revenue grants
Young people's	project
Birmingham County		FA			(1,982)	1,982
Counselling
Biglottery fund					(3,261)	3,261
Coventry CAB Rooted/Breakthrough				44,380	(50,282)	5,902
CDA Accelerate				70,890	(92,222)	21,332
Total restricted	revenue grants			115,270	(147,747)	32,477
Total restricted	funds 2020/21		105,455	115,270	(152,100)	32,477	101,102

Restricted Funds	(continued)				Transfer
		Balance at	Funds	Funds	Between	Balance at
		01/04/2019	Receivable	Expended	Funds	31/03/2020
Revenue grants
Young people's	project
Birmingham County FA			1,501	(1,501)
Counselling
Biglottery fund			41,693	(46,750)	5,057
Coventry CAB Rooted/Breakthrough			44,857	(48,074)	3217
CDA Accelerate		3,796	58,767	(102,198)	39,635
Total restricted	revenue grants	3,796	146,818	(198,523)	47,909
Total restricted	funds 2019/20	113,604	146,818	(202,876)	47,909	105,455

Unrestricted funds
					Transfer
		Balance at	Incoming	Resources	between	Balance at
		01/04/2020 f	resources f	expended f	Funds f	31/03/2021f
General fund		184,269	1,374,175	(1,252,247)	(100,887)	205,310
Designated funds
Development funds
Training fund		7,000		(855)	(2,645)	3,500
Property / infrastructure
Pilot projects		10,680	10,000	(13,965)	(6,715)
Redundancy payments
Computers				(2,772)	2 772
Capital projects		180,000			185,000	365,000
Contingency funds		402,424	110,582		(110,000)	403,006
		600,104	120,582	(17,592)	68,412	771,506
Total unrestricted	funds 2020/21	784,373	1,494,757	(1,269,839)	(32,475)	976,816
					Transfer
		Balance at	Incoming	Resources	between	Balance at
		01/04/2019 f	resources f	expended f	Funds f	31/03/2020 f
General fund		202,108	1,284,431	(1,212,424)	(89,846)	184,269
Designated funds
Development funds
Training fund				(7,537)	14,537	7,000
Property / infrastructure		11,593		(19,056)	7,463
Pilot projects		17,326		(10,148)	3,502	10,680
Redundancy payments				(16,435)	16,435
Capital projects		180,000				180,000
Contingency funds		401,317	1,107			402,424
		610,236	1,107	(53,176)	41,937	600,104
Total unrestricted	funds 2019/20	812,344	1,285,538	(1,265,600)	(47,909)	784,373

	Unrestricted	Designated	Restricted	Endowment	Total
	funds	funds	funds	funds
	f	f	f
Fixed assets	30,810		1,597,564	408,268	2,036,642
Cash and current Investments	248,880	771,506	203,538		1,223,924
Other current assets/liabilities	82,&39				&2,839
Creditors more than one year			(1,700,000)		(1.700000)
Provisions/pensions	(157,219)				(157,219)
Total 2020/21	205,310	771,506	101,102	408,268	1,486,185
	Unrestricted	Designated	Restricted	Endowment	Total
	funds	funds	funds	funds
	f	f		f
Fixed assets	22,307		105,455	418,556	546,318
Cash and current Investments	195,015	600,104			795,119
Other current assets/liabilities	106,349				106,349
Creditors more than one year
Provisions/pensions	(139,402)				(139,402)
Total 2019/20	184,269	600,104	105,455	418,556	1,308,384

26.	Capital Commitments							2021	2020
								f	f
	Amounts contracted for but not		provided	in the finanical statements:
	Acquisition ofproperty	plant and	equipment					207,613
								207,613
27.	Financial Instruments							2021	2020
								f	f
	Carrying amount offinancial assets
	Investments (at fair value)							573,006	462,424
								573,006	462,424
	The income, expenses,	net gains	and net	losses attributable	to the charitable	company's	financial	instruments are as follows.
	Income and expense
	Financial instruments	measured	at fair
	value through net income/expenditure							110,582	1,107