REGISTERED COMPANY NUMBER: 03593394 (England and Wales)
REGISTERED CHARITY NUMBER: 1074539
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
VALLEY HOUSE
Luckmans DuGkett Parker Llmited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

VALLEY HOUSE
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025
Page
Report of the Trustees
1 to 12
Report of the Independent Auditors
13 to 16
Statement of Flnancial Activltles
17
Balance Sheet
18
Cash Flow Statement
19
Notes to the Cash Flow Statement
20
Notes to the Finan¢lal Statements
21 to 35

VALLEY HOUSE
REPORT OF THE TRUSTEES
for tho year ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present Iheir
report with the financial statements of the charity forthe year ended 31 March 2025. The trustees have adopted
th8 provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
The Trustees present their report and the audited financial statements of the charity for the year ended 31
March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP)
'Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of
the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to
the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and
Reporting by Charities.. Stalement of Recommended Practice applicable to charities preparing their accounts
in accordance wlth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland second
edition published October 2019
Page 1

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principle purposes and aims of the organisation are..
To offer support andlor accommodation appropriate to the needs of individuals within the city of Coventy
and the surrounding area who are homeless, with the aim of enabling tt)em to move into and sustain their own
accommodation: to support and motivate people to re-engage with educational opportunities. that will allow
them to develop their potential and have more life choices and the advancements of education. training or
retraining. including among unemployed people. and providing unemployed people with work experien￿.
To provide qualty services for the advancements of the Itves ol children in partnership with parents, to
enable children and young people to develop their physical and Mental capacities so that they may achieve
their potential as individuals and members of society and their conditions of life may improve.
- To promote. safeguard and protect the good health. both mental and physical. of adults, Ghildren and young
people.
The issues we seek to tackle are wide ranging and we evolve to meet those needs as those individuals and
families approaching us for support continue lo grow in complexity of need. Whilst we continue to adhere to
our purpose and aims the types of interventions and service delivery models we use continue to evolve
The broad-brush changes we seek to make through our work are encapsulated by our Mission Statement 'To
work alongside people to take control of their lives and create their own futures.. This can range from a survivor
of domestic abuse taking control of their finances for the first time through to someone feeling able to attend
an appointment by themselves.
We $88k to bring publlc benefit most usually but not excluslvely to the more vulnerable. disadvantaged, and
disengaged members of the Gommunity by enabling them through appropriate holistic professional support to
develop their potential and take control of the quality and independence of their lives.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities
Valley House should undertake.
We deliver a wide range of services specifically designed to support us in achieving our aims and objectives..
Valley House is the domestic abuse safe and supported accommodation provider for Coventy City Council.
We provide 54 units of accommodation. Our accommodation is made up of single flats, single family homes.
shared houses and accommodation units where staff are on site.
In additional we were commissioned to pilot a Complex Needs Domestic Abuse Service. provÈding 7 units of
self-contained accommodation for survivors with mental health, drugs andlor alcohol issues.
The emotional and practical support we offer across both these services includes 24 hour staff availabilty,
structured support and safety plans, 1 to 1 work and group work.
We have a dedicated maintenance team for our supported accommodation services.
Our community wellbeing offer in 2024-2025 comprised of:
REACH service." This is a partnership seNice delivered in conjunction with Rethink, Coventry and
WarwiGkshire Partnership Trust Lived Experience Workforce Lead, Cultural Inclusion Network Services.
Artyfolks and Coventry Citizens Advice. The service provides support for people aged 18 years and over who
have common or severe mental illness. 11 provides 1 to 1 support to people signposted from the Partnership
Trust who may benefit from support in the Community from the VCFSE (Voluntary Community Fatth and Social
Enterprises). This rol8 of Peer Support Worker has baen developed specifically for people who have lived
experience of mental distress and are able to use their peer experience to offer empathy and understanding
to others. inspiring hope and recovery with others.
Page 2

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
'Our Counselling Service"
This has 2 strands. We provide counselling for any individual that is accessing
any of our Valley House seNices. This is for up to 6 months. with Ihe counselling being undertaken by our
volunteer counsellors. Additionally, we provide counselling for Kairos service users, a local organisation that
provides support to women who have experienced or are at risk of sexual exploitation.
Talking Therapies Community Engagement Service"
This is a partnership service delivered in
conjunction with Rethink Community REACH Service. Coventy and Warwickshire Partnership Trust Talking
Therapies Service, Coventry Citizens Advice, Inini and Wa￿ickshire Pride. This Servi￿ provide5 SUPPOrt for
people aged 18 years and overwho are experiencing mild to moderate depression and anxiety including stress
and adjustment to life events. It provides individual support to people who may benefil from support in the
Community to support referrals, access and engagement with the Talking Therapies Service.
Our Nursery provides a quality service. focused on enabling chlldr8n to develop their personal capabilities
and achieve their potential, d8spite the barri8rs they may fa￿. We have both Government funded and fee-
paying children attending the nursery.
We have volunteers within our counselling service, domestic abuse service, and within our business support
team. Additionally, all our Board of trustees are volunteers. During 2024-2025 they contributed a tolal of
1,334 volunteering hours
Our current su¢¢ess measurements are funder driven and include both quantitstive and qualitstive data
capture. The tool used for individual qualitative data capture. specrfically mapping a service userfsjoumey and
outcomes achieved is the nationally recognised Outcomes Star. For our groupwork programmes we have
developed internal qualitative data capture tools that we use including pre and post service user
questionnaires. mapped to defined service user OLrtcomes.
Quantitative success is measured though achieving the outputs as specified and agreed with the funder prior
to commencement of delivery.
Public benefit
Much of the above shows the public benefit within individual services. Looking across Valley House services
more generally, one can see a range of public benefits achieved for vulnerable and disadvantaged cilizens as
well as the wider community including:
Promoting H8alth & Wellbeing, including emotional and psychological wellb8ing
Enabling marginalised individuals and family's access to trainlng, education and work readine5S
Directly tackling violencelabuse effects on victims and children, promoting their confidence and
independence and holding perpetrators to account
Promoting individual'slfamilies, aspirations. self-confidence, and engag8ment
Supporting parenting skills. child development and take up of children and family services
Championing the confidence. aspirations and Conslructive engagement of young people.
Page 3

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STRATEGIC REPORT
Achievement and performance
Charitable activities
Our 3 year Strategi¢ Plan set out our 5 areas of strategic focus whlch set our direction of Iravel for 2022-2025.
Our annual Operational Plan, Environmental Sustainability Action Plan and Fundraising Action Plan tum our
Strategic Plan into tangible actions and during 2024-2025 we worked hard to meet these targets.
We understand the importance of being digitally connected and the negative impact of digital exclusion for our
service users. Building on our successful partnership with Jangala (a UK based charity committed lo tackling
digitsl exclusion by providing easy to use intemet access sy5tems} and Coventry City Council during 2023-
2024. we We￿ able to provide free wifi in all our properties aGross the city through a donation of 50 Get Boxes
from Jangala. In addition, Coventry City Council through their Covconnects scheme, donated 10 laptops and
9 phones during 2024-2025. This meant the children in our properties were able to compete homework and
study from home, supporting them to achieve at school. They also had access to streaming services. trying
to make the propety more like a hom&, after having to leave their own home.
Listening to our service users we continued to increase our groupworl( offer. During 2024-2025 we delivered
a range of groupwork interventions, ranging from understanding domestic abuse. parenting programmes.
empowermenl and self esteem. arts and crafts, computer skills. employability. lifeskills, mindfulness and yoga.
We also continued our quarterly service user involvement forum and 2 trips. These groupwork activities were
delivered by Valley House siaff and partner agencies. Our partners included the Recovery and Wellbeing
Academy, Mind, Groundworks, Adult Education and Coventry Job Centre.
Whilst money is notthe driving motivation for people to work in organisations like Valley House, as an employer
W8 recognise the impact the cost of living crisis has on our staff. We work8d hard this year to b8 able to give
staff a one off payment to reflect this and to Introduce subsldised nursery places to our staff that have children.
This runs alongside our commltment to support their h8alth and wellbeing which thSs year saw us subscribe to
an enhanced Employee Assistance Programme which includes a¢¢ess lo a 24 hour helplin8 offeiing practical
advice and support, free counselling and an online portal with a range of resources.
Our Staff Heatth and Wellbeing Manager was successful in supporting Valley Hous8 to be awarded the Gold
Level Thrive at Work accreditation. This is a workplace commitment with criteria and guidelines on creating
a workplace that promoles employee health and wellbeing, focusing on key organisational enablers of health
such as attendance management, policies and procedures in addition to health areas such as mental,
musculoskeletal and physical health and promoting healthy lrfestyles. Additionally, we have achieved Silver
Award from the Carers Trust recognising us as a carer friendly employer and CLAS accreditation from
Coventry City Council which recognises the good standard of accommodation we provide.
Our Ofsted registered nursery was inspected this year and we were pleased to receive a Good rating,
acknowledging the hard work and dedication of our nursery staff.
This year we continued our commitment to staff and volunteer Continued professional development. ring
fencing £14,000. Staff accessed external training ranging from mental health first aid through to electrical
maintenance and supporting children with special educational needs. Our annual staff survey results
continue to confirm how much staff appreciate and benefit from this fund.
In order to support us in striving to be more environmentally sustainable we undertook an internal audit of our
current practice in relation to recycl￿ng, printing. energy efficiency. our green spaGes and the circular economy
approach in 2023-2024. It allowed us lo set ambitious targets for 2024-2025 in term in terms of energy
efficiency within our office spaces and properties. waste management and further embedding the circular
economy approach. We have worked hard to reach these targets. which have seen us reduce our paper
usage by 16 /0 and our paper towel usage by 300/•.
Page 4

VALLEY HOUSE
REPORT OF THETRUSTEES
for the year ended 31 March 2025
In terms of service sustainability and organisational growth we have seen confirmation that our Domestic
Abuse Complex Needs Service pilot in partnership with Coventry City Council has had its funding extended to
June 2026. This allows us to continue to develop the service in line with recommendations from the external
evaluation und8rtaken by EAP Research Consultancy well known and respected in the field of domestic
abuse evaluations. In addition, the REACH Service has also had its funding extended to March 2026, allowing
us to continue building on learning from this peer support partnership model. To support us to generate
additional income, we have recently opened our own Valley House charity shop and have been overwhelmed
by generous donations. We are working hard to expand our opening times to further increase this
As our current Strategic Plan ends in 2025. this yearwe spend lime developing our new Strategic Plan. This
included input from staff, trustees. service users and partner agencies. It is an ambitious plan. building on all
we have achieved so far, and continuing to push us to strive to be the best.
During 2024-2025 Valley House SLJPPOrted a total of 430 people across all our services, with some individuals
accessing more than one service
Servlcè
Domestic Abuse
Complex Needs
REACH
Talking Therapies
Nursery
Counselling (Kairos)
Counselling (Valley House}
Supporting those more vulnerab18 members of our community to optimise their potential and take control of
their lives Is achieved through providing the following services and aclivities..
Adults
108
13
11
Children
107
176
Supported Accommodation
Within our domestic abuse supported accommodation service we supported 108 adults and 107 children.
During the year of those that moved into their own accommodation, goo/0 were effectively managing their own
tenancy, 1000/0 reported that they had been supported to ac￿$$ additional support where needed in relation
to mental health, drugs and alcohol, 95 /0 reported feeling safer and 1000/0 ofservice users engaged in criminal
or civil Court proceedings felt supported.
107 children were supported through 1 to 1 and groupwork by our specialist Family Support Workers. Of all
the children who were with us during the year 950/0 were regularly attending school. A number of children
living with us struggled to 58cure school places or had to wait long periods of time to secure a school place
which impacted on our attendance figures. 94Yo reported that Ihe relationships with their non abusing parent
had improved
Domestic Abuse Complex Needs Service
The Servi￿ launched In November 2022. As a pilot, the service was externally 8valuated by EAP Research
Consultancy well known and respected in the field of domestic abuse evaluations. Their final evaluation
report highlighted areas of strength which included a holistic approach with personalised support. The staff
created a supportive environment with immediate access to support for service users. Service user data
showed positive out¢om8s in relation to empowemient and self esteem and managing their mental health.
Community Wellbeing
The REACH SeNi¢e. Our Peer Support Worker supported 11 individuals. walking alongside them to achieve
their personal gaols that ranged from engaging in local activities to improve their mental health and wellbeing
through to support in applying for benefits.
Page 5

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the yaar ended 31 March 2025
The Talking Therapies Community Lead Service. The Valley House Community Lead attended 36 events
across Coventry, promoting the NHS Talking Therapies service to individuals. This included the Veterans
Day at Coventry Football Club. World Mental Health Day events across the city and It takes Balls to Talk
events.
Counselllng
Our Counselling Service sUPPOrted 3 Kairos service users and 9 Valley House service users. This service
provided up to 6 months of 1 to 1 counsellin9 (face to face or virtual). It was a safe space for an individual to
explore Ihe issue thal are impacting on them which can include depression. anxiety, anger. self*steem.
bereavement, relationships. Unfortunately, due to financial constraints this service closed in 2024,
Nursery
Valley House has a self-funded nursery offering full day care to both funded and fee-paylng families. It offers
a creative and fun experience to chlldren and seeks to optlmlse their readlness for school. During 202￿25 176
children accessed our nursery and holiday club provision. We hav8 a wide range of families from different
cultural and ethnic backgrounds and good working relationships with statutory services. However, our families
an have multiple disadvantages. During the last year we have supported 18 children who are Classified as
having additional needs, utilising our purpose-built sensory space to help support them in their leaming and
development.
Training and Education
Valley House offers student placements to Social Work and Counselling course students in partnership with
local universities and Ghildcare placement opportunities in partnership with local Colleges. We offered 2 social
work placements. 6 counselling placements and 10 nursery student placements.
Fundraislng activities
The charily did not carry out any significant extemal fundraising in the year. The charity is regISte￿d with the
fundraising regulator. There were no complaints in the year.
Page 6

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STRATEGIC REPORT
Achievement and performance
c￿allenge8
The main challenge faced during this year has been recruitment, speclfically in terms of front line Domestic
Abuse Praclitioner roles. Whilst we have low turnover of staff we have struggled to recruit into vacant roles
when they arise. We have seen this trend rellected across the sector with partner organisations being in a
similar position. This includes organisations that are offering higher salaries. Anecdotally, we sense that
there has been a shift since the pandemic with people choosing job roles that are less emotionally challenging
and potentially offer a perceived better work life balance. We have enhanced our benefits package with a
strong focus on health and welSbeing to try and stand out from other organisations that are trying to recruit
from the same small pool of people.
The unexpeGted increase in employer National Insurance contributions impacted on our budget and meant us
working hard to minimise expenditure to try and mitigate this. Wider funding constraints and funding cuts
meant that our Talking Therapies Community Lead Service did nol secure continuation funding from Coventry
and Warwickshire Partnership Trust despite positive feedback.
The lack of affordable and appropriate move on accommodation conlinues to impact on our ability to support
service users to Iransition into living independently when they are ready to.
Opportunilles
2024-2025 presented a range of opportunities for us. both internally and @xternally. The Complex Needs
Service external evaluation created an opportunity for us to reflect on strengths and areas of improvement
identified to further refine and improve the service. The continuation fundlng for this seNice will allow us to
embed Changes and further evaluate the impad.
Continuing our active engagement in the Coventry and wa￿l¢k$hIre Mental Health Alliance opened more
doors to greater partnership working and raising our profile.
Reconfiguring our Maintenance Team has allowed us to create a new Maintenance apprenticeship, providing
an opportunity for a local young person to gain valuable skills and increasing their employability.
Flnancial review
Financial position
We continue to seek to maximise spend on our charitsble aims while remaining financially sustainable. We
have set our reserves at a prudent level, relative to our tumover, to allow us sufficient time to respond rf there
were to be a significant drop in funding. Thus, in establishing contingency reserves of £457.642 against a
turnover of approximately £1.96m, we are seeking to provide ourselves wilh the ability to cover our liabilities
for approximately a quarter of a year. This will allow us to address any extreme financial situation that might
arise and is in line with our Reserves Policy.
We have committed resources via our Development Fund to allow Valley House to respond to ideas from both
staff and service users on how we could improve what we do. Whilst we would always seek to source external
nding for such ideas. there isn't always a 'good frt, externally. Having our own intarnally designated fund
allows for additional flexibility and innovation.
The financial statements for the year ended 31 March 2025 show net incoming resources of £11.405 (2024-
£65,508) - While our major source offunding continues to be from the Local Authority, Valley House recognises
that this provision is rapidly changing and slill seeks both to diversify funding and identify sources of income-
generating work.
Princlpal funding sources
These are service contracts £822,066 (2024: £736.730) and tenant welfare services income £638,245 (2024:
£624.031 >.
Page 7

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STRATEGIC REPORT
Financial review
Investment policy and obJe¢tlves
Under the Articles of AsSOGiation, the charity has the power to invest in any way the trustees consider fit. The
Board of Trustees has considered the most appropriate policy for investing funds and currentty any cash
surplus to day to day requirements is invested in medium to long term funds.
Reserves policy
The Board of Trustees is responsible for establishing that the level of reserves (that is those funds that are
freety available) is sufficient to be able to continue the cU￿enta¢tiV1tieS of the charity in the eventofa significant
drop in funding, albeit for a limited time, to enable us to replace the funding or reduce seNices in a way not
detrimental to our service users. This figure is reviewed annually and at 31 March 2025 the ideal minimum
level Considered necessary was £400.000 to £500,000.
Thefree reserves, identified as the General Fund at 31 March 2025, were £202,753 (2024." £202,206}. In order
to enable our future strategic and development plans to move foNard. the Trustees have designated
Contingency and Capilal Funds from free reserves. This allows us to make necessary infrastructure
improvements as well as pilot developmental opportunities and invest in capital projects. The Capital Fund
has been increas8d to £575,000 at 31 March 2025, utilising surpluses of £35,000 from the General Fund.
The Funds resources will be used to:
Finance Capital and infrastructure projects to ensure we have sufficient capacity going forward
Estsblish additional aspects of service delivery to ensure the appropriate levels of support to our core areas
of business activity
Establish pilot projects to éevelop new ways of delivering our services and innovative Ideas for earning
money
The Contingency Fund has been set at £457.642 {2024: £457,642) at 31 March 2025 for the purpose of
allowing us to address any extreme financial situation that might arise (see note 22)- The Contingency Fund
is held with CCLA Investment Management Limited in a COIF Charities Ethical Investmenl Fund. The value of
the fund has increased significantly from the initial investment of £300,000 in 2014, Any increase in value is
reinvested in more units with the aim of providing long-tem protection from inflation with a good level of
distributions and a wide range of ethical restrictions.
Previously. restricted funds where Capital grants have been spent on the assets for which the donations were
intended and there are no longer trust law restrictions in place have been reclassified as Endowment Funds.
1. Amount of rese￿eS £1,725,682 (2024: £1,714,277}
2. Amount of any restricted funds £83,691 (2024: £88,044)
3. Amount of reserves fund that can only be realised by disposing of tangible fixed assets £367,109 (2024.
£377,399)
4. Amount of reserves after making allowance for 2) and 3) above £1,274,882 {2024: £1,248,834).
Pag8 8

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STRATEGIC REPORT
Future plans
This next year will see us working hard to meet the commitments we have made as part of the first year of our
new Strategic Plan. Vve will be looking tofurther develop our service delivery model for working with domestic
abuse survivors with immigration needs as well as learning and implementing recommendations from the
extemal evaluation of our Domestic Abuse Complex Needs Service. We have commissioned EAP Research
Consultancy lo support U5 on this journey.
We will be working hard to improve our support to the children and young people who have experienced
domestic abuse that are in ourvalley House seNi¢es and have seCu￿d newfunding to increase ourgroupwork
offer to them.
We will continue lo increase our groupwork offer to our adult survivors of domestic abuse. with an additional
focus on supporting them to gain employabillty skills and qualifications.
We have recruited a Voluntegr Manager whlch will allow us to create volunteering opportunities across the
organisation. Current and ex-service users have asked us for the opportunity to volunteer at Valley House.
to build up their confidence and self-esteem as well as give something back. They are also keen to build up
knowledge and skills to support Ihem to enter or re-enter employment. We are also approached by local
people who would 81s0 like volunteering opportunities with us for similar reasons. This new role will allow us
to do this.
We will be focusing on supporting staff to access external accredited training specific to their role, to further
increase their knowledge.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document. a deed of trust. and constitutes a limited company. limited
by guarantee, as defined by the Companies Act 2006.
The organi5ation is a charitable company limited by guarantee, incorporated on 6th July 1998 and registered
as a charity on 5th March 1999. The company was established under a Memorandum of Association which
established the objects and powers of the charitable company and is governed under its Articles of Association.
In the event of the company being wound up members are required to contribute an amount not exceeding
£1.00.
Recruitment and appointment of new trustees
The diredors of the company are also charity trustees for the purposes of charity law and under the company's
Articles are known as members of the Trustee Board. Under the requirements of the Articles of As50¢iation
Ihe members of the Trustee Board are elected to serve for a period of three years after which they must be re-
elected at the next Annual General Meeting.
Page 9

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organlsational structure
Thare are currently 6 Trustee Board Members (see page 12 for details)
The Board meets 6 times a year, with 2 of these being specifically focused on business and operational
planning. The Audit and Risk Committee meets 4 times a year and consists of the Treasurer, Trustees, the
Chief Executive, the Director of Finance and Resources and the Director of Operations. Sub-groups are
established for individual projects as necessary. Additionally. the Treasurer, the Director of Finance and
Resources and the Chief Executive meet in advance of the Audit and Risk Committee.
Day-to-day operations are overseen by the Chief Executive. The organisation management structure is as
follows-
Senior Management Team consisting of the Chief Ex8cutive; the Director of Operations, the Director of
Finance and Resources and the Business Support Manager.
During 2024125 Valley House provlded the followlng servic8S;
Domestic Abuse Safe and Supported Accommodalion
Complex Needs Domestic Abuse Safe and Supported Accommodation
REACH Service
Talking Therapies Community Lead Service
Counselling
Nursery
In recognition of the importance of safeguarding the Board has agreed to fund a Children's Safeguarding Lead
who reports directly to the Chlef Executive. In relation to the vulnerability of the children we work with the
Chlldren's Safeguarding Lead has cross organisation responsibility for proviéing expert advice and support to
staff and volunteers in relalion to all levels of safeguarding. intemal safeguarding training for staff, volunteers
and Board members and also acting as the link with Family Hubs.
Business Development and associaled activities were the direcl responsibility of the Chief Executive,
supported by the Senior Management Team
Markeling & Communications were undertaken on a day-to-day basis by the Communications Officer.
Training is a shared responsibility of the Management Team and overseen by the Director of Operations.
The Board of Trustees delegates day to day management to the Chief Executive and the Senior Management
Team.
The trustees take advice from the Chief Executive and the Senior Management Team. the organisation's
appointed auditors and any other relevanl professionals.
Decision making
The Board of Trustees d818gates day to day operational decision making to the Chief Executive and the Senior
Management Team, who ar8 listed on the legal and administrative information page. Th8 Board retains
decision making powers in relation to strategic matters and fors8tting the pay and remuneration ofthe charity's
key management personnel. The Board delegates the benchmarking exercSse needed lo set th8se pay levels
to the Chief Executiv8, or where it is in relation to the Chief Executive. an external Independent person.
Benchmarking information is collaled from similar roles in similar charities in a similar geographical a￿a.
Page 10

VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
All trustee vacancies are widely advertised through existing local partnerships and the Reach Volunteering
trustee recruitment sile. All interested individuals meet with the Chair of the Board and one other Trustee
andlor member of the Senior Management Team as relevant to Iheir potential trustee role. Trustee induclion
includes meeting with the Chair of the Board who explains the role and responsibilities of being a trustee at
V-Sley House. They also meet with the Chief Executive and any other member of Ihe Senior Management
Team that May be relevant to their trustee role. All trustees are encouraged to attend training specific to the
trustee role.
Appointment to the Board consists of attendance al a Board meeting and a vote by trustees.
Additional training opportunities are available at the Board away day held each year. The Board le￿ntifIeS their
training needs and an internal or external trainer will be sourced to meet this need.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error,
The Trustees have a risk management strategy which comprises:
A risk register which identifies the risks the charity may face.
Regular reviews of the risk register.
The establishment of syslems and procedures to mitigate those risks identified in the plan.
The implementation of procedures designed to minimise any potential impact on the charity should those
risks materialise.
This work ensures continuously improving contingency planning. Financial risk is mitigated by estsblishing a
reserves policy, which is reviewed annually by trustees, logether with the diversification of the funding base.
Rising inflation has increased costs across the organisation and spend on renewals, replacements and general
office costs are being closely monitored with cheaper altematives being purchased where possible.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03593394 (England and Wales}
Registered Charity number
1074539
Registered office
5&57 Bell Green Road
Coventry
West Midlands
CV6 7GQ
Trustees
Ms E A Maffey
R Smith
B P Whittington
DKBall
Mrs J L Hill
M S Pearce
Company Se¢relary
Ms L J Winlerburn
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VALLEY HOUSE
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Auditors
Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of Vallay House for the purposes of company law) ar8 responsible for
preparing the Report ofthe Trustees and the financial statements in accordance with applicable law and United
Kingdom Accountlng Standards (Unlted Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the Charitable company and of the incoming resources and application of
resources. including the income and expenditure. of the charitable company for that period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then appty Ihem Consistently,,
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitsble company will continue in business.
The trust8es are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time Ihe financial position of the charitsble company and to enable them to ensure that the financial
stalements complywith the Companies Act 2006. They are also responsible for safeguarding the assets ofthe
charitable company and hence for taking reasonable steps for the prevention and detection offraud and other
irregularities.
In so far as Ihe Irustees are aware:
there is no relevant audit information of which the charitable company's audilors are unaware. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors. Luckmans Duckett Parker Limited. will be proposed for re-appointment at the forthcoming
Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 ofthe Companies Act 2006
relating to small companies.
Report of the trustees, Incorporating a strategic report, approved by order of the board of twstees. as the
company directors, on i.qfrf.thlurfm.&L..2%JW.. and signed on the board's behalf by..
B P Whittin
rust88
Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
VALLEY HOUSE
Opinion
We have audited the f:nancial statpmenls of Vail=y Youse (the '¢haritable Company.) for the year ended
31 March 2025 which comprise tlie Statement of Financial Activities, the Balance Sheet, the Cash Flow
statement and notes to the financial staiements, including a summary of signifi¢ant a¢countin9 policies. The
financial reporting framework that has be8n applied in their pr8paration is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally A¢¢epted Accounting Practice).
In our opinion the financial State￿.ent8..
give a true and fair view of the slate of the charitable company's affairs as at 31 March 2025 and of its
ncoming resources and application of resources, including its income and expenditure. for the year then
have b￿￿￿en properly prepared in a¢¢ordance with United Kingdom Generally Accepted Accounting Practice"
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audli in accordance with International Standards on Auditing (UK) (ISAS {UKJ} and
applicable law. Our responsibilities under those standards are further described In the Auditors, responslbilities
for the audit of th.. financial statements section of our report. We are independent of the charitable company
in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relatlng to going concern
In auditing the financial siatements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the 'Nork have performod, we have not identified any material uncertainties relating to events or
Conditions that, individually or Collectively, may cast significant doubt on the charitsble company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for iSSLIe.
Our responsibilities and the responsibi,'ities of the trustees with respect to going concern are described in the
relevant sections of this reoort.
other Infomiation
The trustees are responsibl8 for the other information. Th8 Other informatlon comprises the infomation
included in the Annual Report, olher than the financial statements and our Report of the Independent Auditors
thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
othemise explicitly staled in our report, we do nol express any fomi of assurance conclusion Ihereon.
In Connection with our audit of the financial statements, our responsibility is to read Ihe other information and.
in doing so, consider whether the other information is materially inconsistent with the financial statements or
our knowledgo obtained in the audit or otherwis8 appears to be materially misststed. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we voficlude that there is a material misststement of Ihis other information, we are required to
report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infomiation given in the Rcr "rt of the Trustees for the financial year for which the financial statements
are prepared is Consistenl wi+h the financial ststements. and
the Report of the Trustees has baen prepared in accordance with applicable legal requirements.
Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
VALLEY HOUSE
Matters on whiclk ive tara roqtsired to report by exception
In the ligh* ofthe knowl￿d￿2 and understanding of the charitable company and its environment obtained in the
Course of the audit, we have not identified material misslatements in the Report of the Trustees.
We have nothing to report in respect Oi the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion..
adequate aGcounting recorG,s have not been kept or retums adequate for our audit have not been received
from brarych?s not visited by us-, or
the financial statements are not in agreement with the accounting records and returns: or
certain disclosures of trustees, ￿muneratIon specified by law are not made., or
we have noi received all the information and explanations we require for our audit., or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to
prepare a Strategic Report or in preparing the Report of the Trustees.
Responslbl1ltie￿v• cf trustees
As explained more fully in the Statement of Trustees. Responsibilities, the trustees {wha are also the directors
of the charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being sat15fied that they give a true and fair view. and for such internal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement. whether due to fraud or error.
In preparing the financial ststements, the Irustees are responsible for assessing the charitable company's
ability to Continue as a going concern, disclosing. as applicable, matters related to going concern and using
the going concem basis of accounting unless the trustees either intend to liquidate the charitable Company or
to cease operations, or have no realistic altemative but to do so.
Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
VALLEY HOUSE
Our responslbllltles for the audit of the financlal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due lo fraud or error, and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISAS (UK} will always detect a material misstatement when it exists.
Misstatements can arSse from fraud or error and are considered material If. individually or in the aggregate,
they could reasonably be expected to influenGe the economic decisions of users taken on the basis of these
financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Enquiring of management and employees. including obtaining and reviewing supporting documentation.
concerning the charity's policies and procedures relating to:.
Identifylng. evaluating, and complying with laws and regulatlons and whether they were aware of any
instances of non-compliance.
Detecting and respondlng to the risks of fraud and whether they were aware of any actual. suspected. or
alleged fraud and.
The internal controls established to mitigate risk relating to fraud or non-compliance with laws and
regu;ations.
We identified areas of law and regulation that could reasonably be expected to have a material effect on the
financial statements from our general charitable sector experience, discussions with management (as required
by auditing standards) and we discussed wilh management the policies and procedures regarding compliance
with laws and regulations.
All identified laws and regulaticns were communicated throughout the audit team. and they remained alert to
any indications of non-compliance throughout the audit.
The mosl significant considerations for the charitable company were as follows:.
The Charity is subject to laws and regulations that affect the financial statements which include financial
reporting legislation (namely The Companies Act 2006), taxation legislation and the Charities Act. We
assessed the extent of compliance with these laws and regulations as part of our audit procedures conceming
items recorded in the financial statements.
The charity is also subject to O(her operational laws and regulations where the consequenc8s of non-
ompliance Could have material effect on the amounts or disclosures in thg financial statement5 through
imposing fincs or withdrawal of funding contracts. Areas where this would have an effect include health and
safeti, Bribery Act 2010, employment law, data protections and child protection legislation {DBS checks for
stsff and volunteers}.
Auditing standards limit the audit procedures to idenlifying non-compliance of these laws and regulations to
enquiry of management and inspection of regulalory and legal correspondence, if there is any. Therefore, if
a breach of operational regulations is not disclosed to us or evident from relevant correspondence. and audit
will not detect the br8ach.
To identify rlsk of material misstatement due to fraud, we carried out discussions amongst the audil team to
ass8ss areas where and how fraud might occur in the financial statements and any potential indicators. The
following areas were identified
Management override of conlrols through the posting of inappropriate accounting entries orjournals
Fraud risk relating the revenue recognition, although the recognition of revenue is straightforward as it
relates in the main to grant sourced income, with limited opportunity for manipulation.
We did not identify any additional fraud risks.
We tested the appropriateness of accounting joumals and other adjustments made in the accounts preparation
based on a risk criteria.
Page 15

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
VALLEY HOUSE
Owing to the inherent limitation Oi the audit, there is an unavoidable risk that we may not have detected some
material misstatew,ents, oven though we have properly planned and performed our audit in accordance with
auditing standards. For example, the furlher removed non-compliance with laws and regulation is from the
events and transaction reflected in the financial statement. the less likely in the inherently limited procedure
required by auditing standards would identify it. In addition. as with any audit, there remained a higher risk of
non-deteclion of fraud, as these may involve collusion. forgery, intentional omissions, misrepresentations. or
the override of internal controls. Our audit procedures are designed to detect material misstatement. We
are not iesponsible fo,- preventing non-compliance or fraud and cannot be expected to detect non-compliance
with all laws and regulations
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklaudilorsresponsibilities. This description forms part of our
Report of the Independent Auditors.
Use of our report
This report is mada solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditors, report and for
no other purpose. To the fullest extenl Perrn￿ed by law, we do not accept or assume responsibilily to anyone
other than the charitable company and the charitable company's members as a body, for our audit work. for
this report, or for the opinions we have formed.
Mark Spafford FCCA ACA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Cov8ntry
West Midlands
CV5 6UB
Page 16

VALLEY HOUSE
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 March 2025
2025
Unrestricted Designated Restricted Endowmen t Total
fund
funds
funds
ftjnds
nds
2024
Total
fijnds
Notes
INCOME FROM".
Donations
ar.d leoacies
15.411
15.411
14,877
C4iaritsble actlvltl8s
Supported Housing
Nursery Fees
Supported accommodation
Students
Counselling
Investment income
638.245
400.010
822,066
2,800
64.578
12.787
638,245
400,010
822,066
2,800
64,578
12.787
624,031
382,209
736,730
7,000
(4,869)
13,828
Total
1,955.897
1,955.897 1,773,806
EXPENDI I URE ON
Raising funds
5,731
7,021
6.531
Charitsble actlvltles
Supported Housing
Nursery Fees
Supported accommodation
students
Counselling
Training
Children's Centre
Other
736,942
298,383
747,491
1,700
69,326
10,290
747,232
298.383
761,331
1,700
72,827
10,824
4,353
30,361
656,448
287,622
723,574
3.428
68.698
7,536
4,353
32,481
13.840
3,501
10,824
4,353
30.361
Total
1.889,934
29,455
4,353
10,290 1,934.032 1.790,671
Net gainsl(losses) on investm8nts
(10.460)
(10,460)
82,373
NET INCOi*1ElrXPENDITURE
Transfers between
funds
65,963
(39,9151
(4,353) (10.290)
11,405
65,508
19
(65,415}
65.415
rijet movemenl In funds
548
25.500
(4,353) (10,290)
11,405
65,508
RCCONCILIATION OF FUNDS
Total funds brought forward
202,206 1,046,628
88.044 377,399 1,714,277 1,848,769
TOTAL FUNDS CARRIED
FORWARD
202.754 1,072.128
83,691
367.109 1.725,682 1.714,277
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
I he noles form part of these financial ststement5
Page 17

VALLEY HOUSE
BALANCE SHEET
31 March 2025
2025
Unrestricted Designated Restricted Endowment Total
fund
funds
funds
funds
funds
2024
Tolal
funds
Nctes
FIXED ASSE'I S
Tangible ?ssels
Inve.slments
12
13
2,640,918
83,691
367,109 3,091.718 3.094,859
699,555
710,015
699,555
2.640.918
699,555
83,691
377,109 3,791,273 3,804,874
CURREFIT ASSE I S
Debtors
Cash at bank
14
22,035
364.460
22,035
737.033
26.705
652,293
372,573
386.495
372,573
759,068
678.998
CREDrroRS
Amounts falling due
within one year
16
(278.030)
{278,030) {222,966)
NETCURRENT ASSETS
108,465
372,573
481,038
456,032
TOTAL ASSETS LESS
CURRENT LIABILITIES
2,749.383 1.072.128
83,691
367,109 4.272.311 4.260.906
CREDITORS
Amounts falling due afi8r
more than one year
17
(2,546.629)
{2,546,629} {2,546.629)
NET ASSETS
202.754 1.072,128
83,691
367.109 1,725,682 1.714.277
FUNDS
Unrestricted funds
Designated funds
Restricted ￿ndS
EndO￿lment funds
19
202,754
202.205
1,072,128 1,046,629
83,691
88.044
367,109
377,399
TOTAL FUNDS
1,725.682 1,714,277
These financial statements have P)een prepared in accordanc8 With the provisions applicable lo charitable
companies subject to the small companies regime.
The finan¢ial statements were approved by the Board of Trustees and authorised for issue on
Iq7rf.fy¢.rfg•Aa￿..*eJ￿.....8nd were signed on its behalf by:
BPWIii
stee
The notes form part of these financial statements
Page 18

VALLEY HOUSE
CASH FLOW STATEMENT
for the year ended 31 March 2025
2025
2024
Notes
Cash flows from operatlng activities
Cash generated from operations
Interest paid
285.576
184,553
310,545
169.593
Ne% cash provided by operating activities
101.023
140.952
abh flows from Investing a¢tlvities
Purchase of tangible fixed assets
Inierest received
{29,070)
12,787
(18,602)
13,828
Net cash used in investing activities
16,283)
Change In cash and cash equlvalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
84,740
136.178
652.293
516,115
Cash and cash equivalents at the end
of the reporting period
737.Q33
652,293
Th8 notes form part of these financial stalements
Page 19

VALLEY HOUSE
NOTES TO THE CASH FLOW STATEMENT
for the year ended 31 March 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTWITIE
2025
2024
Net Income for the reporting period (as per the Statement of
Flnancial Activities)
Adjustments for:
Depreciation charges
Lossesl{gain) on investments
Interest received
Interest paid
Decrease in debtors
Increase in creditors
11,405
32,211
10,460
(12,787)
184,553
4,670
55,064
29,283
{82,372;
(13,828)
169,5a3
83.380
58.973
Net cash prcvided by operations
285.576
310,54?
ANALYSIS OF CHANGES IN NET DEBT
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash at bank
652,293
84,740
737.033
652,293
84.740
737.033
Debt
Debts falling due after 1 year
.546,629
2,546,629
2.546,6291
2,546,629
Total
1,894,336
84,740
1,80),596
The notes form part of these financial statements
Page 20

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025
ACCOUNTING POLICIES
Basis of prèparing the flnanclal statements
The financial statements of the charitable company, which is a public benefrt entity urxler FRS 102.
have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities= Statement of Recommended Practice applicable to charities preparing their accounts in
accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102) (effedive 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention. with the exception of investments which are
included at market value.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the charilable companvs accounting policies. the Trustees are required to make
judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not
readity apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may dcifer from these
estimates.
The estimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised whera the revision affects only
that period, or in Ihe period of the revision and future periods where the revision affects both Current
and future periods.
Critical judgements
Support cost allocation
Support costs are allocated between the expenditure categories of the Statemenl of Financial Activities
on a basis designed to reflect the use ofthe resources. Costs relating to a particular aGlivity are allocated
directly.
Incoming resources
All income is reco9nised in the Stalement of Financial Activities once the charity has entillement to the
funds, any performance Conditions attached to the item of income have been met or are fully within the
control of the charity, it is probable that the income will be received and the ainount can be measured
reliably.
Investment income
Investment income is included in the Financial Statements when receivable.
Activities for generatlng funds
Student placemenls and other income is included in the Financial Statements when receivable.
Tenant welfare servlces
Tenant welfare services is a¢¢ounl for on an accruals basis for all tenants in resid.jnce during thc
financial year.
Grants
Revenue grants are included on a receivable basis. Caprtal grants in respect of building costs are lo
be written off over the estimated useful life of the building from the dale of occupancy.
Nursery income
Nursery fees are included on a receivable basis.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation Committing
the charty to that expenditure, it is probable that a transfer of economic benefits will be required in
settlement and the amounl of the obligation can be measured reliably. Expendtture is accounted for on
an accruals basis and has been Classified under headings that aggregate all cosi related to the category.
Where costs cannot be directly attributed to particular headings they have been allocated to activities
on a basis consistent with Ihe use of resources.
Page 21
ntinued...

VALLEY HOUSE
NOTES TO THE FINANCIAL sTATE￿IENTs - contlnued
for the year ended 31 March 202
ACCOUNTING POLICIES - Continued
Expendlture
Irrecoverable VAT is charged as a cost against the activity for which the expend,'ture '.V&S ip.curred.
Allocation of support costs
Support costs are those functions that assist the work of the.charity but do not. directly und?rtake
charitable activities. oUPPOrt costs include back office costs. finance, personnel. payroll and gGvernan=e
costs which support the charitable company's activities. Refer to note 10 for the analysis of SUFPOil Gnd
governance costs. Support costs are generally allocated based on revenue.
The charitable company initially identifies the costs of its suppctt functions. It then ideii tifies t:'.ose CGSts
which relate to the governance function. Governance costs and other support COSiS are apportioi led
separately.
Costs of generating funds
ComDrise the costs associated with attracting volunlary income.
Charitable expenditure
Comprise those costs incurred by the charity in the delivery of its activities and services for its
beneficiaries. It included Costs that can be allocated directly to such activities and those Costs of an
indirect nature to support them.
Governance
Includes those costs associated with meeting the constitutional and slatutory requirements of th8
charitable company and in¢lude audit fees.
Tanglble fixed assets
Tangible fixed assets are initially measured at Cost and subsequently measured at cost. net of
depreciation and any impairment losses.
All additions greater than £1,000 are capitalised and brought into account in accordance with normal
accounting practice.
Depreciation is provided bas8d on the value of the fixed assets less its residual value (its scrap or
realisable value at the end of its economic lrfe) at rates calculated to write-off Ihe cost of fixed assets
over the expeded useful lives on the following basis:
New fumiture & equipment
Buildings
Community Garden
SASC properties
4 years (straight line)
50 years (straight lin-} from date of use or 10 years (UFL}
3 years (straight line) from date of first use
10 years (straight line) from date of first use
Included in land and buildings and SASC properties is land at a cost of £748.000 that is not beino
depreciated.
The gain or loss arising on the disposal of an asset is detennined as the difference be￿een the kle
proceeds and the ￿rryIng value of the asset, and is recognised in net incomel(expenditiJre) for the
year.
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund aeeountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discrelion of the
trustees.
Page 22
continued...

VALLEYHOUSE
NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued
for the year ended 31 Mar¢h 2025
ACCOUNTING POLICIES - continued
Fund accountlng
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Endowment funds are restricted fvnds which either cannot be spent (permanent endowment) or where
there is no actual requirement to spend or apply the Capital unless, or until. the trustees decide to spend
it (expendable endowment).
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Pension costs and other post-ret5rement benefits
The charitable company operates a defined contributions personal perision ￿CheMe. The assets of the
scheme are held separately from those of the company in an independently administered fund. The
fund is managed by Scottish Widows Limited. Contributions payable for the year are charged to the
Statement of Financial Activities as and when incurred.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks. other shortlerm liquid
investments with original maturities of Ihree months or less. and bank ov@rdrafts ar8 shown in current
liabilities.
Financlal Snstruments
The charitable Gompany has elected lo apply the provisions of Section 11 'Basic Financial Inslrum8nts'
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable
Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the finan¢ial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.
Creditors and provisions are recognised where the charty has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognise(l at
their settlement amount after allowing for any trade discounts due.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balanceo a￿ initially measured at
transaction priGe including transaction cosls and are subsequently carried at amortised cost using the
effective interest method unless the arrangement Gonstitutes a financing trans8CtIOil, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transc4Gtion price unless the
arrangement constitutes a financing transaction, where the debt instrument is rneasured al the present
value of the future payments discounted at a market rale of interest. Financial liabilities classified as
payable within one year are not amortised. Debt instruments are subsequently carried at amortised
Gosl, using the 8ff8Ctive interest rate m8thod.
Trade creditors are obligations to pay for goods or servic8S that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified a5 current liebililies if paym8nt is
due within one y9ar or less. If not. they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently m8asured at amortised nost using the effective
interest method.
Page 23
continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEKIENTS - Contlnued
for the lear en.ed 31 March 2025
ACCOUNTING POLICIES - continued
Cash and cash equivalents
Derecognition of financlal liab115tles
Financial liabilities ar9 derecognieed when the charitsble companies contractual Gb'.igations expire or
are discharged or cancelled.
mployep bane'iits
The cost of any unused holiday enlitlement is recognised in tho periad in which the employee's services
are reGeived.
Termination benefits are recognised immediately as an expense when the charitable company is
demonstrably COTii mitted to t8rminate the employment of an emplojee or to provide termination
benefits.
DONATIONS AND I EGACIES
2025
2024
Donations
15,411
14,877
INVESTMENT INCOME
2025
2024
Deposit account interest
12,787
13,828
INCOME FROM CHARITABLE ACTivrriES
2025
2024
Activity
Supported Housing
Nursery Fees
Supported accommodation
Students
Counselling
Counselling
T8nant welfare services
Nursery Fees
Service Contracts
Other income
Grants
Service Contracts
638,245
400,010
822,066
2,800
624,031
382.209
736.730
7,000
(13,439)
8.570
64,578
1.927,699
1.745.101
Grants received, included in the above, are as follows:
2025
2024
Pre-therapy counselling
13,439)
Page 24
continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATE￿ENTs - Continued
for the year ended 31 March 2025
RAISING FUNDS
Other trading actlvltles
2025
2024
Fundraising and publicity
7,021
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 7)
Direct
Costs
Totals
Supported Housing
Nursery Fees
Supported accommodation
Students
Counselling
Training
Children's centre
701,185
268,152
899,089
1,700
67,398
10,824
46,047
30,231
62,242
747,232
298,383
761,331
1,700
72.827
10,824
4.353
5,429
1,752,701
143,949
1.896,650
SUPPORT COSTS
Governance
costs
Management
Totsls
Other resources expended
Supported Housing
Nursery Fees
Supported accommodation
Counselling
30,361
30,361
46,047
30,231
62,242
5,429
46,047
30,231
62,242
5,429
143,949
30,361
174,310
Governance costs includes payments to the auditors of £6.600 (2024 - £6,972) for audit fees.
NET INCOMEI(EXPENDI I UREI
Net In¢omel{expenditure) is stated after chargingl{crediting):
2025
2024
Auditors. remuneration
Depreciation - owned assets
6,600
32,211
6,972
29,283
Page 25
Continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued
fvhe year ended 31 March 2025
TRUSTEES. REMUNERATION AND BENEFITS
There were no trust8es' ", emuneration or other benefits for the year ended 31 March 2025 nor for the
year end-d 31 March 202a
Trustees. expenses
There wer.ts no. trustees, expenses paid for the year ended 31 March 2025 nor for the ye2r ended
31 March 2024.
10. STAFF COSTS
2025
2024
Vilages and S￿ -
Social security costs
Other pension costs
1.055.112
80,411
36,974
982,867
81,533
31,720
1,172,497
1,096,120
The average monthly number of employees iJuring the year was as follows:
2025
39
2024
39
Service providersladmin
Maintenance
43
44
The number of employees whose employee benefits {excluding employer pension costs) exceeded
£80,000 I'jas:
2025
2024
£70,001- £80.GOO
Key manageiment have been identified as the Chief Executive. Director of Operations and Director of
Finance & R￿asOurC￿s. Aggregate compensation was £181,85812024'. £181,807).
CCMPARA I IvE￿r FOR, THE ST.4TEMENT OF FINANCIAL ACTIVITIES
Unrestricted D8signated
Restricted
fund
funds
funds
Endowment
funds
Total
funds
INCOME AN[)
CNDOWMENTS FROM
Donations and legacies
14.878
(1)
14,877
Charftable activltles
Supported Housing
Nursery Fees
Supported accommodation
Students
Counselling
624,031
382,209
736.730
7.000
8,570
624,031
382.209
736.730
7.000
{4.869}
(13,439)
Investment income
13,827
13.828
Totsl
1,787,245
13.439)
1,773.806
EXPENDITURE ON
Page 26
continued...

VALLEY HOUSE
NOTES TO TrlE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
11. COMPARATIVE•o FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Continued
Unrestricted Designated
Restricted
Endowment
fund
funds
funds .
funds
Totsl
funds
Raising funds
6,531
Charitable activities
Suppo,rted Housing
Nursery Fees
Supported accommodation
Students
Counselling
Tralnlng
Children's ¢8ntre
642.859
287,622
723,574
3,428
33,234
3,299
10,290
656.448
287,622
723,574
3,428
68,698
7,536
4,353
35,464
7,536
4,353
other
32,481
32,481
Total
1,729,729
46,299
4,353
10,290
1,790,671
Net gains on iyvestments
82,373
82.373
NET
INCOMEI(EXPENDITURE)
Tran5fer5 between funds
57,516
57,352)
36,074
43.913
(17.792)
13,439
{10.290)
65,508
Net movement in funds
164
79.987
(4.3531
{10.290)
65.508
RECONCILIATION OF
FUNDS
Total funds bi ought
fO￿ard
202.041
966.643
92,397
387,688
1,648,769
TOTAL FUNDS CARRIED
FORWARD
202,205
1,046,630
88,044
377,398
1.714,277
12. TANGIBLE FIXED ASSET&1
Freehold
buildings
SASC
properties
Community
gard8n
COST
At 1 April 2024
Additions
1,245,182
9,900
2,618,883
44,151
At 31 March 2025
1,255,082
2,618,883
44,151
DEPRECIATION
At 1 April 2024
Charge for year
756,570
20,311
16,364
7,240
44,151
At 31 March 2025
776,881
23,604
44.151
NET BOOK VALUE
At 31 March 2025
478,201
2,595,279
At 31 March 20?4
488,612
2,602,519
Page 27
continued,..

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
12. TAYGIBLE FIXED ASSETS - continued
Fixtures
and
fittings
Motor
vehicles
Totals
COST
At 1 *.pril £024
dditions
25,158
3,960
3,933,374
29,070
15,210
.4t 31 March ?025
29,118
15,210
3,a62,444
DEPRECIATION
At 1 April 2024
Charge for yeoir
21,430
2,885
838.515
32,211
1,775
At 31 March 2025
24,315
1,775
870,726
NET BOOKVALUE
At 31 March 2025
4,803
13,435
3,091,718
At 31 March 2024
3,728
3,094,859
Included in Gost or valuation of land and buildings is freehold land of £748,650 {2024 - £748.650) which
is not depre¢i2c ted.
At the end of the 10 yGJar term the properties will revert to SASC as repayment of the outstanding loan
facility.
This provides an effective residual value at the end of the 10 year period equivalent to cost and
consequently the ijepreciation charge amounts to £nil.
Valley House 2'.iO has the option to reacquire the properties at their fair value at any point after any
loan facil. y has been discharged.
13. FIXED ASSET INVESTMENTS
Unlisted
investments
MARKET .k_
At 1 April 2024
Impairmen:.s
710,015
10,460)
At 31 March 2025
699,555
NET BOOK VALUE
At 31 March 2025
699.555
At 31 March 2024
710,015
There were n9 investment assets outside the UK.
Page 28
continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Other debtors
Prepaym8nts
7.750
2.922
11.363
1.252
15.587
9.866
22.035
26.705
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Social security and other taxes
Other creditors
Accruals and deferred income
38,115
32,879
207,036
38,582
31,777
152,627
278,030
222,966
Deferred income
2025
2024
Deferred income at 1st April 2024
Released from previous years
Income deferred in th8 year
82.305
{82,305)
141,430
62,979
(49,077)
68,403
Deferred income at 31st March 2025
141,430
82,305
16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
Other loans {see note 17)
2,546,629
2,546.629
SASC started providing funds in 2020 of up to £2.55m for the purchase of up to 22 properties. These
funds will be availab18 for 10 years and the prop8rties have a r8Strictive covenant preventing sale other
than to SASG. The prop8rties will revert to SASC after 10 years if the funds remain unpaid at that time,
with no further liabilities accruing. To date, the Ch8rty has utilised £2.546.629 of these funds and
purchased 22 properties, The balance of £3,371 has been repaid to SASC.
This loan is secured on a first legal charge over the land and buildings and a fixed charge over a new
established Rent Account held by the Borrower.
A debt servicing charge for the loan facility has been agreed which is linked lo the collection of rents
from the underlying tenants oflhe properties, aftertaking into account management and service income
retained by Valley House.
The debt servicing charge for the period amounted to £184.553 (2024 £169,593).
Page 29
continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
17.
LOANS
An analysis of the maturity of loans is given below:
2025
2024
Amounts falling due in more than five years..
Repayable othe￿Ise than by instalments:
Other loans nore 5yrs non-inst
2,546.629
2,546,629
18.
LEASING A￿REEmENTs
Minimum lease payments under non-cancellable operating leases fall due as follows..
2025
2024
Within one year
Be￿een one and five years
7,541
30.163
9,096
25,014
37,704
34,110
Page 30
continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MarGh 2025
19. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.25
At 1.4.24
Unrestrlcled funds
General fund
202,206
65,963
(65.415>
202,754
Deslgnat8d Funds
Capital projects
Contingency Funds
Training
Consultancy
Complex Needs Service Manager
Staff Health and Wellbeing Manager
Intranet
Shed Shop
Maintenance apprentice
540,000
457,642
16,000
3,000
13,986
5,000
5,000
6,000
35,000
10,460
16,000
290
(146)
11,499)
15,000)
16,000)
16,310
575,000
457,642
21.176
2.000
(10,460)
(10,824)
(1,290)
(13,840)
{3,501)
16,310
1,248,834
26,048
1.274.882
Restricted funds
Coventry Children's Centres
88,044
(4,353)
83,691
Endowment funds
LSC regeneration budget
Coventry childran's centres - Canopy
Coventry Chlldren's cenlres -
Conservatory
Big lottery fund - Young peoples's fund
General charities - Servers
General charities - Capital Fund
Counselling suite
Nats'onal Lotteries Charity Board
25 Bell Green Road
Counselling Suite 25 Bell Green Road
ITI Iprovements to garden, Car park
Navigation Centre exiension
4.779
971
{475)
(93}
4,304
878
9.763
3.273
2,114
20.000
17,324
92,366
113,999
17,904
28,063
66,843
{282)
9,481
3,273
2.114
20,000
16.485
90,206
110.697
17,904
26,576
65,191
{839>
(2.160>
(3.3021
(1.487)
1,652)
377,399
10,290
367 109
TOTAL FUNDS
1,714,277
11,405
1,725,682
Page 31
continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
MOVEMENT IN FUNDS - continued
Net movement in funds, included In the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
1,955,897
(1,889.934)
65,963
De￿rign- ted Funds
Contingency Funds
Training
Consultancy
Complex Needs Service Manager
staff Health and Wellbeing Manager
110,460)
(10,460}
(10,824)
{1.290)
(13,840)
3.501)
(10,824)
(1,290)
(13,840)
3.501)
1,955,897
(1,919,389)
(10,460>
26,047
Restrlcted funds
Coventry Children's Centres
(4.353}
{4,353)
Endowment funds
LSC regeneration bud9et
Coventry children's centres - Canopy
Coventry Children's centres -
Conservatory
Counselling suite
National Lotteries Charity Board
25 Bell Green Road
Improvements to garden, car park
Navigation Cenlre extension
(475>
(931
(475)
(93)
(282}
(8391
(2,160)
{3,302)
{1,487)
1,652)
(282)
(839}
(2,160)
(3,302)
(1,487)
10,290
10,2901
TOTAL FUNDS
1,955,897
1.934,032)
10,460)
11,405
Page 32
continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
19. MOVEMENT IN FUNDS - continued
Comparatives for movèment In funds
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestricled funds
General fund
202,041
57.516
{57,352)
202,205
Deslgnated Funds
Capital projects
Contingency Funds
Traininq
Redundancy Fund
Fundraising strategy and action plan
Complex Needs Service Manager
Staff Health and Wellbeing Manager
Intranet
Shed Shop
485,000
457,643
14,000
55,000
(82,373)
9,536
3,000
(10,000)
32,837
21,613
8,300
6,000
540,000
457,643
16.000
3.000
82,373
{7.5361
10,000
(18,8511
(16,613)
<3,300)
13.986
5,000
5,000
6,000
1,168,684
93,589
(13,439)
1,248.834
Restricted funds
CDA Accelerate
Coventry Children's Centres
(13,439)
4,353)
13.439
92,397
88.044
92.397
(17,792)
13,439
88,044
Cndowment funds
LSC reg8n8ration budget
Coventry children's centres - Canopy
Coventry Children's cenlres -
Conservatory
Big lottery f￿nd - Young peoples's fund
General Charities - Servers
General charities - Capital Fund
Counselling suite
Natio-,,al Lotteries Charity Board
25 Bell Green Road
Counselling Suite 25 Bell Green Road
Improvements to garden, car park
Navigation Centre extension
5,254
1,064
(475)
{931
4,779
971
10,045
3,273
2,114
20,000
18,163
94,525
117.301
17,904
29,550
68,495
(282)
9.763
3,273
2.114
20,000
17,324
92,366
113,999
17,904
28,063
66,843
1839)
(2,159)
(3,302)
{1,487)
1,652)
387,688
10,289
377,399
TOTAL FUNDS
1.648.769
65.508
1,714,277
Page 33
Continued...

VALLEYHOUSE
NOTES TO THE FINANCIAL STATEMENTS - Contlnued
for the year ended 31 March 2025
19.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds. included in the above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted fund5
General fund
1,787.245
{1,729.729)
57,516
Designated Funds
Contingency Funds
Training
Complex Needs Service Manager
staff Health and Wellbeing Manager
Intranet
82,373
82,373
{7.536}
(18.851}
(16.613}
3.300)
<7,536)
(18,851)
(16.613)
3.300)
1.787.245
(1.776.029}
82,373
93.589
Restrlcted funds
CDA Accelerate
Coventry Children's Centres
<13.439)
{13.439)
4,353)
4,353)
(13,439)
(4,353)
(17,792)
Endowment funds
LSC regeneration budget
Coventry children's centres - Canopy
Coventry Children's centres -
Conservatory
Counselling suite
National Lotteries Charity Board
25 Bell Green Road
Improvements to garden, Car park
Navigation Centre extension
{475)
{93)
(475)
(93)
{282)
(839)
(2,159)
(3,302)
(1,487)
1,652)
(282)
(2,159)
(3,302)
(1,487)
10,289
10,289
TOTAL FUNDS
1.773,806
1,790,671)
82,373
65,508
Endowment Funds are made up of reclassified restricted expenditure where capital grants have beèn
spent on the assets for which the donations were intended or reclassified designated funds for capital
projects.
Amortisation is shown at the same rate as the asset is depreciated.
The income funds of the charity include restricted unexpended balances of donations and grants held
on trust for specific purposes.
Grants for capital purchases h8ve been spent on the assets for which the donations are intended.
Amortisation is shown at the same rate as the assets is depreciated. Where there are no longer trust
law restrictions in place the funds a￿ reclassified as endowment funds.
Coventry City Council provided funds in 2006 for an expansion of the Nursery and improvements to the
Children's Centre with the reslriction that the properly is used as a Nursery for 25 years. A restriction
is also placed on the registered title of the property that no disposition. sale or lease may take place
unless accompanied by a certrficate of the Council of the Cty of Coventry stating there is no payment
due under the grant agreement.
Page 34
continued...

VALLEY HOUSE
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
19.
MOVEMENT IN FUNDS - continued
Designated fijnds are monies set aside by the Trustees to b8 spent on the projects specified and have
no trust law restrictions.
The Development fund is designated for revenue projects and the Capital projects funds is for capital
projects. Capitsl expenditure incurred is re-designated to a nam8d fund and amortisation is stated at
the time al the same rate as the asset depreciated.
Contingency funds are monies related to investments which have been designated to cover large
unforeseen expenditure.
These funds include the Capital Fund. Contlngency Fund and indivldual items within the Development
Fund.
20.
EMPLOYEE BENEFIT OBLIGATIONS
The Charity operates a defined contribution pension sGheme for all qualifying employees. The assets
of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £36.97412024 - £31,720>,
21. RELATED PARTY DISCLOSURES
Th8r8 were no related party transactions for the year ended 31 March 2025.
Page 35

VALLEY HOUSE