Charity registratlon number 1123173
Company registration number 05558271 (England and Wales)
VALLEY CIDS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

VALLEY CIDS LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
P R Whitaker
B J Cupples
D M ￿lIaker
N J Hambley
J Brook
J Potter
O Howe
(Appointed 20 September 2023)
{Appointed 31 October 2023)
Chlef Executlve
l Tannahill
Charlty number
1123173
Company numb8r
05558271
Rogi8tered offieA
13- 14The Green
Swanwick
Alfreton
Derbyshire
DE55 1BL
Audltor
Azets Audit se￿1￿$
Westpolnt
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ
Bankers
virgin Bank
26 West Gate
Mansfield
Nottinghamshire
NG18 1HS

VALLEY CIDS LIMITED
CONTENTS
Page
Trustees, report
1-13
Statement of trustees. responsibilities
14
Independent audilorfs report
15-17
Statement of financial activities
18
Balance sheet
19
Statement of cash flows
22
Notes to the financial statements
23-37

VALLEY CIDS UMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees of the charitable company (who for the purposes of the Companies Act are also the directors of
the company) present their report with the audited consolidated financial slatemenls for the year ended
31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to
the financial statements and comply with the charilable company's governing document, the Companies Act
2006 and "Accounting and Reporting by Charities.. Statement of Recommended practi￿ applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 102) {effeclive 1 January 2019)".
Objectives and activities
The principal activity of the charity is to demonstrate the Christian faith by reaching out with God's love through
outreach work in schools and the wider community that supports children. young people, and families.
enabling them to raise their aspirations and realise their full potential.
In the past year. the work of Valley CIDS has continued to grow, developing into an exiended family of projects
and initiatives, which together have enabled us to effectively achieve our mission. In this report, we want to
give you an insight into the positive difference we have been making to the lives of children, young people,
and families. Our projects are located across Derbyshire and Nottinghamshire, and wework in many different
communities across both counties.
We are grateful for the energy, commitment and compassion demonstrated by our staff and volunleers. This
is what brings our vision and values to life, transforming them from just words and ideas, into a relational
realily that is experienced by those we support.
The Charity benefits greally from a strong volunteer base of over 350 people who support the operation of
the Lighthouse Charity shops, the Saltpot café, the Children's Work and the Youth Work.
Who we are
Valley CIDS is an independent Christian charity based throughout Derbyshire and Nottinghamshire. We are
dedicated to supporting communilies by investing in the next generation.
Our mission is:
'To build and strengthen community through serving, inspiring and equipping children. young people
and families to develop their full potential in society today.
For 24 years, our vision and impact has steadily grown and evolved. From modest, yet ambitious, beginnings
in 2000, Valley CIDS has become a well-established and respected charity supporting children. young people.
and families.
We believe that by 'investing in the next generation, we can make a positive difference to the lives of children
and young people and their families. An investment of time, energy and money sets in place strong
foundations giving children the best possible chance in life. To support our work, we raise income through our
retail portfolio of Lighthouse Charity Shops. which are located throughout Derbyshire and Nottinghamshire.
Ethos and Values
As a Christian organisation, Valley CIDS believes that the successful delivery of its mission happens when
people feel they belong and have a role, and where an inclusive community and family atmosphere are
fostered. Our values of hope, belonging, compassion and inclusion embody our overall vision for the future
and are what we aspire to in all aspects of our work.
Hope
We want to journey with people, providing opportunities that enable them to embrace new possibilities and
realise a brighter future.
Compassion
We are actioned to be person-centred and holistic in our support. treating olhers with kindness, empathy, and
respect.

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FOR THE YEAR ENDED 31 MARCH 2024
Belonging
We want people to experien￿ a sense of Community and meaningful connection, through which they feel
supported, valued, and included.
Inclusion
We recognise that everyone has the right to be seen, to be heard and to belong, and we commit to fostering
a culture where diversity is celebrated.
Achievements and performance
General
Throughout this past year, Valley CIDS has remained committed to ils mission of building and strengthening
community through serving, inspiring and equipping children. young people and families lo develop their full
polential. This report will provide some insight inlo the continued development of our many projecls and the
launch of new initiatives that enable us to fulfil this mission. This has included the opening of new
Lighlhouse Charity Shops. which are so important to our ongoing suslainability and growth.
In line wilh last year's plan, in Oclober 2023. we also successfully appointed a new Head of Finance role.
This appointment has helped to strengthen our operational infrastructure and has significantly contributed to
strengthening our finance function, particularly in relation to working with departmental heads lo develop more
robust budget and spending plans and to identify areas of cost savings Ihrough more rigorous financial conlrol.
We have also made Iwo new appointments to our Board of Directors, whose additional experience, and
skillsets, have helped lo further strengthen our govemance.
We have continued to invesl in our marketing and communications strategy through accessing the ongoing
services of a Marketing and Communications consultant. Of particular significance for us in this respect was
the publication of our firsl Impact Report, which has proved to be an invaluable way for us to foster deeper
relationships with our supporter base and to Introdu￿ others to our work.
This past year has also been a time ofjourneying deeper into the meaning and expression of our values of
Hope, Compassion, Belonging and Inclusion, ensuring that they are embedded, and expressed throughout
our work. As a Chrislian charily, we believe passionately that the successful delivery of our mission happens
when people feel they belong, have purpose and where an inclusive community and family atmosphere is
fostered.
As a board we have continued to commit to meeting regularly to ensure Ihe close monitoring of the financial
resilience of the charity lo ensure that we have a solid and sustainable position to move fotward from. We
have also continued to carry out a robust review ofour risk management, health and safety and safeguarding
practices across the charity as part of our commitment to ensuring that we maintain a commitment to the due
diligence required for these core areas that support our charity activity.
Retail
The Lighthouse Charity Shops have continued to play a vital role in generating the funds necessary io support
our work with children, young people, and families across Derbyshire and Nottinghamshire. Without the
income from these shops. we would nol be able lo continue delivering the services we provide. We have had
yel another successful year achieving a 14.39 /0 increase in sales, which includes trading income, donations,
and associated gift aid. In the past year we have also expanded, welcoming new stores to our portfolio,
Teal Park near Nottingham and South Nomianlon in Derbyshire. Both new shops have had a fantastic first
year of trading and have been warmly welcomed by their respective local communities. It was wonderful to
see children from local primary schools help to open these new shops, and many local residents have been
eager lo volunteer, donate items, and shop with us. We are passionate about engaging with local communities
through our charity shops and have been thrilled to connecl with those surrounding our new shops. For
example, our Teal Park shop team have formed a close partnership wilh Rivendell Flying High Academy,
participating in school assemblies and events like World Book Day, where we dislribuled books lo children as
part of the Valley CIDS Greal Book Giveaway initiative.

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"Rivendell Flying High Academy has loved working in partnership with Valley CIDS across a wide
range of events and activities. We are already looking forward lo slrenglhening this relationship
fijrther next year.
Miss Newson, Deputy Head at Rivendell Flying High Academy
Another significant achievement for retail in the past year was launching the new and improved 'Retail
Operations Manual,. The planning, implementation and launch of this took from start to finish around six
months. We hosted interactive training sessions across a five day period for all retail staff. to help refresh our
workforce on policies and procedures as well as sharing best practice and celebrating our success.
Links be￿een our retail operalions and other areas of the charity continue to develop and strengthen. Our
Lighthouse shops partnered with Quest team for World Book Day, offering a free book for each child that
visited one of our shops. Quest team also offered children's books donated by retail to partnering schools.
Several of our shops have generously donated children's books, fully embracing the spirit and vision of the
Great Book Giveaway initiative. Their support was instrumental in this year's World Book Day, ensuring that
every child who visited a Lighthouse Charity Shop received a free book of their choice. Additionally, the Blend
Youth Project's Woodcraft students have partnered closely with several of our shops throughout the year, by
selling the students, handcrafted wood producls. This initiative has provided students wilh Ihe rewarding
experience of seeing their work apprecialed by customers, giving them a real sense of accomplishment and
motivating them to continue creating.
The Lighthouse Charity Shops not onlyfund our work but also make a significant environmental impact, which
is important to us as a charily. By helping people reuse and recycle pre-loved items, we extend their lifespan
and reduce waste. FromApril 2023 to March 2024, our charity shops found new homes for just over 870.000
items that would otherwise have been discarded. This prevented a staggering 1.57 million kg from going io
landfill and avoided nearly 20 million kg of C02 emissions from entering the atmosphere. Our new app tracks
the environmental impact of every donation made to a Lighlhouse Charity Shop, highlighting the differen
donors are making for the environmenl. By donating to us, you are not only helping the environment but also
making a positive difference in Ihe lives of children, young people. and families in local communities.
Our charily retail is also about celebrating people and creating opportunities for both staff and volunteers to
develop new skills that can in turn help them to progress to new opportunities. Josh's slory below helps to
illustrate this..
'1 want to expres5 my sincere gratitude fof the opportunity you provided me over the past year.
Working al Valley CIDS has been instrumental in my personal growth, and l am truly thankful for
everything you and the organisation have done for me. The experience, I gained during my time here
played a significant role in securing a placement at a maior tech company in London for the next 13
months, approved by my university. The support I have received from the organisation has been
invaluable, and I believe is ils lestament to the meaningful work that Valley CIDS does as a charily
Thank you On￿ again for your guidance and support. I wish Valley CIDS the besl with all the charity
work you do in the local area."
Josh Lebeter (Shop Supetvisor, Lighthouse Charity Shop, Belper)
Looking Ahead,
Our aim to expand our retail portfolio has continued, and we have secured two further new siles which meet
our successful business model. These will help strengthen our retail presence across different regions and
help generale additional income for the charity. We aim to drive fO￿lard the promolion of 'My Charity Shop,
app both in store and across our social media channels. This will really help with the overall promotion of
Valley CIDSILighthouse shops and continue to drive our Gift Aid conversion rates higher with digital donor
access through the app.
Children & Families Outreach
We believe that it is important to give the opportunity for children and young people to explore and engage
with the message and values of the Christian faith in relevant and age-appropriate ways. During the past year
our children and families outreach work has created new opportunilies to engage wilh schools, churches, and
local communities. In addition to enriching the RE curriculum in local schools, we are now fostering broader
connections within the community. During ihe past year the tearn have engaged with approximately 8000
children each term, visited 47 schools, and have continued to provide valuable online resources via YouTube,
attracting almost 800 views.

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Our approach continues to be focused on three key areas..
Enrlching RE - enriching religious edu¢ation in schools
through
colledive
assemblies, RE lessonslworkshops. lunchtime clubs, and online resources.
Exploring Falth facilitating relevant and creative opportunities for children and young people to
explore the Chrislian faith.
Mission & Outreach- supporting churches in their mission and outreach with children and families.
Enrlching RE
The Quest team is strengthening and expanding their partnerships with local schools and has been
approached by several new schools, allowing them to reach and engage with even more children. They are
finding new and imaginative ways to help the children explore Iheir spirituality and experience God in
meaningful and engaging ways. The team has fostered strong, positive relalionships with many of the schools,
where Ihe staff have expressed gratitude for the opportunily to lalk and pray wilh the team about personal
challenges they loo are facing.
"The assembly was the best and il was interesling and funl"
Year 4 pupil, Crich Carr Church of England Primary School
Exploring Faith
Throughout ihe year. the team has continued lo support churches and has developed a strong partnership
with Derby City Church. Together, they organised a residential weekend al the Peak Centre in Edale for
children aged 7-11 from Ihe church.
Children and church leaders joined the Quest Team for a fun-filled weekend that provided opportunities to
explore and engage with the Christian faith in exciting ways. The group discovered Bible slories, exploring
their meanings, and reflecting on how these messages are relevanl to their lives today. The team used creative
storytelling, games, crafts, songs, and prayer to engage the group.
The feedback from the church on this joint venture has been very positive as the testimonial below illustrates..
'The weekend was a huge blessing to us and the children. and I have had good feedback from the
team, children, and parents. We are really thankful that you gave us the opportunity lo be wilh the
kids, get lo know them better, and create these memories with them."
Children's Worker, Derby City Church.
worshiplschool
Mission & Outreach
This year marked the launch of the Great Book Giveaway inltiative. designed to gifl books to children in
schools and other projects, to help boost literacy and inspire reading. So far, the team has given away over
1,800 books, donated by our Lighthouse Charity Shops and other donors. The Quest team have personally
delivered books to various schools and community projects, including food banks and a children's Café
Church. Schools have frequently reported that many children do not have books at home or that reading is
not a priority- These books are helping to ignite a passion for reading among iheir pupils. as the quole below
from one local headteacher illuslrales..
"I've had lols of books eagerly shown to me as I've passed by children gelting their bags. So, Ihank
you so much for offering us this opportunity."
Headleacher, Copthorne Infants School.
Looking Ahead
The leam has begun exploring opportunities and making plans with other churches to run holiday clubs in the
coming year. Building on the success of Ihe Great Book Giveaway, they aim to deepen their engagement
within local communities by fvrther collaborating with the Lighthouse Charity Shops and schools to provide
essential items. such as clolhing, lo families. They are also exploring addilional ways to offer pastoral support
to schools, particularly for children with emotional needs who require extra care, and they hope to partner with
the Saltpot Café to establish a well-being drop-in youth café.

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Out of School Clubs
Our Zest out of school clubs have had another busy year, continuing to provide OFSTED registered
wraparound care before and after school. The clubs are a caring and enriching environment where parents
an trust their children are safe and can learn and have fun with others. During the past year 138 children
have attended our out of school clubs, we have provided support to 108 families have served 9,945 meals.
This year. the leam has focused on revamping the club's food offerings, introducing healthier meals to ensure
that all children ￿ceIve nutritious. well-balanced Options, including a variety of fruits and vegetables. Families
can be rest assured that their children are receiving wholesome and balanced meals during the day. which is
appreciated by children and teaching staff alike:
"Zest provides a welcoming, calming, and enjoyable start lo the day. Children come into the class
ready to learn thanks to their nutritious breakfast."
Year 1 Teacher
We understand that it is important that parents know that they can leave their children with our teams in a
calm stress-free environmenl, so that they can get to work or get other children to different schools or childcare
settings, without having to worry. In response lo the ongoing cost of living crisis, we have also prioritised
keeping our clubs affordable by reflecting this in our attendance fees, ensuring that essential out of school
care remains accessible to all.
This year, we celebrated Easter by giving out an Easter egg to every child attending a Zest club. along wilh
an Easter themed comic to ￿lebrate this important festival. The children also benefitted from Ihe Great Book
Giveaway initiative, where over 150 books were distributed. They had a wonderful time browsing through the
selection of gifted books and choosing their favourites. They were delighled and surprised to discover that
they could keep the books and take them home.
We believe it is important to offer out of school provision to all pupils. striving to make it as ac￿Ssible as
possible. This year, we have been able to provide one-lo-one support for children wilh additional needs. One
child has been able to attend, which not only enabled their parent to go to work but also provided the child
with largeted activities to support their fine motor skill development, which they struggle with due to their
disability.
The team also engaged with the children in exploring our core values of Hope, Compassion, Belonging and
Inclusion. Together they discussed the meanings of these values and how they can be reflected in their
attitudes and behaviour. The children shared their thoughts on what these values mean to them personally
and how they can influence their actions towards others.
"The Breakfasi Club staff have been fantastic in supporting some of our children with SEND, and
they have developed good relationships with all the children."
EYFS Teacher
Looking Ahead
In the coming year we plan to explore the possibility of opening new out of school provision at additional
schools, so that more children will have the opportunily lo attend. The Quest team aim to deepen their
involvement with the Zest out-of-school clubs. building on the exisling relationships Ihey have established
with the children through their work in the schools. Additionally. Zest seeks to strengthen their connections
with their local Lighthouse Charity Shops. In the past. Ihe children have created artwork for display in the
shop windows. and they hope to build on this collaboration in the future.
Youlh & Communii Work
Over the pasl year, the Blend Youth Project team have focused on enabling young people to become more
active, make informed health and wellbeing choices, express Ihemselves creatively, develop and engage with
others. and participate in community projects. They remain dedicated to providing youth programmes across
Derbyshire and Nottinghamshire, both at our cenlres and through street and project-based initiatives and
have engaged with on average 650 young people per week through the delivery of 22 weekly sessions across
18 locations.
This year saw also the expansion of the Blend Youth Project into the High Peak area, starting in Buxton. With
our well-established presen￿ through the Lighthouse Charity Shops, it is exciting to now engage directly with

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FOR THE YEAR ENDED 31 MARCH 2024
the local youth Communily. We are thrilled to begin working with these young people weekly and look fopward
to building on these connections in the future
Our delivery approach continues to be based around key thematic streams and over Ihe past year we have
engaged with young people in the following ways..
Health & Wellbeing:_ Enabling young people to make informed and positive choices relating to their
health through their participation in healthy IITfestyle activities.
A highlight of the past year was our collaboration with the Freedom Foundation. an organisation that helps
children and young people express their creativity through music and dance. Together, we secured funding
through Ihe Holiday Activity Food Programme IHAF), and Ihis enabled us to offer additional activities during
school holidays. These sessions included sports, healthy eating, and music, held at the Chesterfield and
Ripley Blend Youth Hub's.
The music sessions were particularly impacrful, as they explored the emolional impact of music, encouraging
them to share their views, and experience differenl genres. Participants also had the opportunity to write their
own lyrics and poems, producing powerful expressions of Iheir thoughts and feelings. The various sessions
introduced new sports activities lo encourage physical activity, promote menlal and physical wellbeing, foster
new friendships, provided a space to express their emotions, and more importantly have fun.
Creativity:_ Encouraging and enabling young people to identify ways to express themselves through
the provision of creative opportunities and challenges.
Throughout the year, young people have made several visits lo the Blend Woodcraft Enterprise Unit, where
they've had the chance to develop valuable new skills. During these sessions, they learned how to safely and
effectively use various lools and equipment in the workshop, worked together lo build their own bird boxes,
and supported one another to successfully complele their projects. These hands-on experien￿$ not only
taught them practical skills but also fostered teamwork and collaboralion.
Keeping Active.. - Encouraging youngpeople to pursue physically active lifestyles and seek to provide
physical and sporting opportunities.
Promoting Ihe participation of young people through involving them in the development and delivery of our
programmes is a key priority for the team. This was demonstrated when young people expressed interest
in a fishing trip. In response, the Blend team organised an outing, with equipment purchased through fLJnding
from a local councillor. Although no fish were caught, the young people had a fantastic time. Since that first
trip, many of the young people have conlinued lo visit the lake together, enjoying the fun. camaraderie. and
challenge of fishing. Some have even continued to use the equipment gifted to them after the inaugural trip,
furlher nurturing this newfound interest.
Community:. Creating opportunities for young people to demonstrate active citizenship through
engaging in community projects focussed on responding to local issues and promoting social
cohesion.
This year, the Blend leam were proud to be part of a winning partnership supporting young people in Barrow
Hill, a collaboralion thal earned recognition as the Partnership Award winners at The Voluntary Sector Awards
2023. The Blend team feels privileged and proud to be part of such a dedicated community group.
Promoting our Values
Values are al the core of our identity, shaping every asped of our project. We strive to be guided by our
values in everything we do. ensuring that staff, young people, parents, partners, truly experience and
engage wilh them. Our goal is lo create environmenls and offer opportunities where young people can fully
embrace our Gore values.
We believe it is importanl for our young people to develop an awareness of those around them, fostering
culture where everyone feels welcomed, valued. and respected. One ofthe year's most inspiring experien￿$
was 8 session with comedian Benny Shakes, who, in addition to his comedy, works at Turner Farm. Ben is
passionate about raising the awareness of the challenges faced by people living with disabilities.
Through a series of interactive games, the young people gained insight into what life with a disability can feel
like. They attempted to draw with their feet and navigate obstacles in a wheelchair, sparking meaningful
discussions and enhancing their understanding and empathy. The activities provided a valuable opportunity
to foster awareness and promote a deeper appreciation for the experiences of individuals with disabililies.

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One young person we currently work with and support, summed it up well in the quote below-.
'Blend has created an open space where you can be honest and 100 % feel includedl They always
make time for everyone al Blend and if you need lo have a one-to-one chat they afe always there to
listen and help in any way they canl"
Max, 21
Feedback from young people
Consulting with young people is vitsl lo ensure their voices influence the development of youth services
delivered by the Blend Youth Project. Our bi-annual participanl consullation suNey plays a key role in shaping
the programmes and seNices Blend offer.
Our lalesl evaluation revealed some valuable insights about the young people we support. Notably. 28 /0
reported having a disability, including conditions such as autism, ADHD, and dyslexia, which can impact how
they participate in activities. This is an important consideration for the team as they design and deliver
sessions.
Through their involvement with Blend, young people have received support in various areas..
68 % have tried new things.
53/0 have spoken about their mental and emotional wellbeing.
54 % have engaged in supportive conversations with youth work staff.
When asked to choose three words that describe how they felt when accessing Blend services, the top
responses were happy, listened to, comfortable, safe, and welcome. At Blend Youth Project, understanding
what young people find beneficial about our services is essenlial. This feedback enables us lo conlinue
delivering relevant servi￿S and expand our offerings lo include activities that young people enjoy.
One such fomi of support offered by Blend Youth Project for young people is mentoring. Megan's story below
illustrates just how impacfful this can be.
Megan's Story
Mentoring plays a crucial role in youth work, offering young people essential guidan￿. support, and positive
role models. Through mentorship. Youth Workers help young individuals overcome challenges, develop new
skills. and build confidence. read how Megan benefitted.
Megan (not her real name) (15} has been a regular attendee of Blend sessions. Over the years, she has built
a strong relationship with the youth workers, and eventually confided in them about her struggles with mental
health and relationships at home. The youth workers offered mentoring support. and after discussions with
Megan's school, she began a mentoring programme with Blend.
The mentoring focused on mentsl health, relationships, self-esteem, confiden￿, and encouraging Megan to
be equipped for learning. With the use of creative too15, Megan engaged in meaningful conversations, allowing
targeted support to take place.
At the start of the mentoring programme, Megan's school attendan￿ was 500/0. she didn't carry a school bag
or any equipment, and her behaviour was a concern for the school.
Megan's Deputy Headleacher commented..
"Megan is doing so well,. her attendance is up 20 % since the starl of the year, and behaviour incidents
have decreased. She continues to be well-presented and has her bagl Thanks so much for your
support, I know she really appreciates it, and so do wel"
Reflecling on her journey, Megan shared that before mentoring, she felt "alive but didn't feel like I was there.
now my attendance has improved, my mental heallh has gone way up, and I feel so much better in myseff. I
feel like I'm actually here and actually alive..

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Looklng Ahead
The team plans to further expand their work in the High Peak, wilh their continued focus on the Buxton area
and are excited aboutlhe development opportunities. Having also won a tenderlo provide health & well-being
support to young people in Amber Valley. The team will be delivering a new schools-based programme of
well-being workshops & mentoring support, together with additional slreet-based youth work locations. We
have also begun exploring a partnership with the Derbyshire Youth Justice SeNice to collaborate on providing
reslorative justice activities for young people.
Education and Enter
rise
Blend Youlh Project not only works with young people within their communities but is also an eslablished
Alternative Education provider, offering education and training opportunilies from our integraled youth hubs
and Iwo vocational training siles for young people who may be disengaged with learning or struggling io
access mainslream educalion. During the past year we have supported 73 students and worked with 30
referring schools from across Derbyshire and Nottinghamshire.
Through our education programmes. we have helped young people re-engage with learning. improve their
self-esteem and confiden￿, and develop positive social relationships. An amazing 72°/o of our Year 11
students have achieved qualifications that have secured them college pla￿S and we are so proud of their
achievements. This will enable them to continue their educational journey to help them move forward in their
lives and fulfil their potential.
This year, the number of sludents we have worked with has increased by 300/0, and we have buill strong
relationships with several new schools and referring agencies. Over Ihe past year, we have expanded the
range of courses we offer, allowing students of all abilities to earn nationally recognised qualwfications. Many
of our students are referred to us because they are struggling in school and are at risk of pemianent exclusion.
Our education provision offers a viable alternative, allowing schools to practice inclusivity by alleviating the
social and academic pressures of mainstream education. This gives students the opportunity to build the
confidence and skills needed to successfully navigate the rest of their week in school.
We have also been able to accommodate more students in Key Stage 3 (Years 7-9) by creating bespoke,
age-specific days at two of our sites. This allows us to cater specifically lo this age group. Generally, the
longer a student is able to attend our programmes, the greater the positive impact we can have, making this
a very exciling development.
Here's Carl's Story....
Carl Inol his real name}, who has autism, came to us in Year 8 feeling socially isolaled and complelely
disengaged from learning. Over lime. he built trust with several staff members and, after trying days
at various siles. found a course he felt comfortable with at our farm. Initially, Carl was extremely
reluctanl to write or engage in formal lessons. However, by Year 10, he had gained confidence in his
skills and was willing lo evidence them on paper Now in Year 11, Carl has formed strong friendships
with several other studenls, achieved a BTEC Awaid in Land-Based Studies, and secured a college
placement for next year.
Here's Oscar's Story....
Oscar (not his real name) was referred to us haI￿aY Ihrough Year 11 after being out of formal
education for nearly 18 monlhs. Nowhere else was willing to offer him a place, as he had been
permanently excluded from his school for some quite extreme negative behaviour. We were also very
cautious," however, it was decided lo give him a second chance al our Woodcraft site. Oscar seized
this opportunity and achieved a BTEC Award in Construction. as well as taking exams in Maths and
English, in just 5 months. He has been an exemplary sludent arid now has many more options for
future education and employmenl. armed with a glowing reference.
Our education provision continues to be of tremendous value to students and parents alike. as one parent
has commented..
"My son has really come oul of his shell through attending education with Blend and it has given him
a purpose, security, slabilily and allowed him lo form positive relationships."
Year 11 Parent

VALLEY CIDS UMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
We think the following quote from one our post-16 students captures the very essence of what Valley CIDS
and our Blend YoLrth provision is about..
.1 don't know where I would be without Blend Youlh Projects, il's more than a charity. it's a family.
Post 16 student
Looking Ahead
We plan to expand our visits to various businesses and work sites as part of the students, courses. These
experiences provide young people with first-hand knowledge of working environments and help them explore
future pathways for work experience placements and potential apprenticeships. Over the next year, with the
help of funding, we plan to update our educational technology to offer more personalised leaming
opportunities, tailored to each student's unique needs. This will enhance communications, Greativity. and
student engagement.
Community Projects
Sall ot Communit Café
Based in Swanwick, the Saltpot Community Café continues to offer a warm and inviling environment where
friendship, community spirit. and delicious food and beverages come togelher.
This year, the café has once again opened its doors as a'warm Space., welcoming locals lo pop in and enjoy
an atmosphere where they can relax and socialise. over a hot drink alongside a slice of Bella's delicious
cakes.
The café attracts people of all ages, including students from the local secondary school, particularly those in
Year 12 and 13, who frequently visit for something io takeaway or to relax during breaks between lessons.
Their lively conversations and laughter enhance the atmosphere of Ihe café, highlighting its essential role at
the heart of the communily.
In addition to serving the community, the Saltpot Café has partnered with our alternative education
programmes, providing young people with a safe and supportive environment to gain work experience. One
such student, Eddy, has been volunteering at Ihe Saltpot through this initiative.
Eddy's Story
"Volunleering at the Saltpot created a natural and very positive bridge be￿een planning to leave our
education provision and starting a new course al college. Eddy was keen lo find a part-time job whilst
studying and is now gaining the skills and experience that he needs lo do so. It has been a mutually
beneficial placement, as I've heard several reports of his easy charm being appreciated by
customersl"
Alternalive Education & Post-16 Manager
Eddy has enjoyed his placement so much that he continues to volunteer in his own time and plans to keep
doing so alongside his college studies nexl year.
"Working al the Saltpot has boosled my Confiden￿ and given me something positive lo add lo my
CV. I've learned a lol from talking with the older generation and have developed bolh my people and
catering skills. I really enjoy my shifts there."
Eddy, Post 16 Student
The café is not just a place where customers feel cared for,. il is also where volunteers find a true sense of
belonging. This is evident in Ihe loyalty of its volunteers, like Maureen, our longest serving volunteer of 23
years.
Here's what volunteering al the Saltpot means to Maureen..
"l absolutely love meeting and chatting with the people who come into Ihe café. It's a true community
hub, and I know everyone who walks through the door. Il's heartwarming to see people from all
generations visiting. The people I work with here are like family, offering me warmth and friendship-

VALLEY CIDS UMrrED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
they're like a big hug, and I feel a deep sense of belonging. The staff and volunteers here are
wonderful, and it's a lovely environment to be part of. The café is a lifeline for me."
Maureen, Saltpot volunteer
When reflecting on the sense of belonging and purpose found in volunteering at the Saltpot, another of our
volunteers commented:
"The Saltpol team is great. I feel accepled and part of the Sallpot family I have never felt good
enough before, but here I feel part of the team and aC￿pIed. I can go and have a laugh with them.
They rnean so much to me."
Saltpol Cornmunity Cafe Volunteer
Looking Ahead
Given that the young people from the local secondary school are a valued part ofthe Saltpot Community Café
family, plans are undetway to explore Ihe possibility of extending the café's hours one day a week exclusively
for Year 12 and 13 students. Thiswould provide them with a safe and welcoming spaceto gather and socialise
in the familiar setting of the café.
Swanwick Men's Shed
With over 70 members, Swanwick Men's Shed is aimed at building community and camaraderie for both men
and women who want to put their handy skills to use or gain new skills. Members, known as'shedders,, both
men and women use their practical skills to creale, repair, and repurpose items, all while connecting with like-
minded individuals. This shared activity fosters a renewed sense of purpose and belonging.
One member expressed the value oflhis community by saying,
"I connectwilh many shed members and can rely on each for different aspects ofsupport. Some help
with projects, others provide mental support when feeling low. The shed is a family, and being a part
of it gives a massive sense of belonging and support..
Throughout the year, Men's Shed has formed new connections with various local community groups, including
Makelshifl, an organisation that works with and promoles communities in Amber Valley. Swanwick Men's
Shed was invited to attend their Golden Glue Awards event, which celebrates the everyday makers,
connectors, and shifters ofAmber Valley who do exlraordinary things to bond communities. At the event, Ihe
team had the honour of receiving a Golden GlueAward, acknowledging the impactthat Swanwick Men's Shed
has within the Amber Valley community. The event was a joyous occasion, filled with sharing and celebrating
alongside other deserving winners and community projects.
The Shedders have been collaborating with other community projects and schools. They worked with Grow
Outside, a local social enterprise that uses therapeulic nature and regenerative horticulture methods lo deliver
community gardening and outdoor well-being activities. Swanwick Men's Shed responded to Grow Oulside's
request to make some planters for the group, by producing several planters for their community garden.
These were so successful that they will be making more in the future. Similarly, Loscoe School enlisted the
Shedders, skills to build a bin storage area.
"Swanwick Men in Shed were fantastic to work wilh when they provided some planters for our
community project. They are lovely quality and they arrived right when they said they would. The
members that came to deliver them were very friendly and knowledgeable, and after seeing some of
their range of crafts available, there is obviously great skill in the group. Everything is made with care
and lo a high standard. The team have also been keen to join in wilh our community collaborations,
and are a very welcome addition, bringing their skills and passion. We very much look forward lo
continuing to work wilh you.
Grow Outside
Beyond their involvement in local projects, Swanwick Men's Shed is a close-knit community. It offers members
with a welcoming space to forge friendships and share experiences, knowing they belong to a supportive and
caring group. Here, they nol only take pride in their valuable contributions to the community but also find
strength in supporting one another through personal challenges and life's ups and downs.
10-

VALLEY CIDS UMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
As one shedder commented..
"Having suffered from depression. il soon became apparent lo me that others were in the same boat,
and gradually we were able to talk to each other aboul these issues and support each other.
Financial Review
Reserves Polic
It is the aim of trustees that the Charity should maintain unrestricted funds at a level which equates to six
weeks expenditure, with a view to increasing this as and when this is financially appropriate. This would
provide sufficient funds to cover management workers and administration and support costs. Based upon our
Management Accounts lo 31 March 2024 our expenditure for six months including finance costs is
£2,411,825. Reserves to cover one month's cosls would therefore equate to £401,971 and 6 weeks would be
£556,575.
Total funds of the group at the year-end amounted to £1.642.807, of which £755,480 relate lo endowment
funds. leaving a surplus on unrestricted general resetves of £887,327. At the year-end there was a surplus
on free reserves including long term liabilities of £352,18912023.' £162,311).
At present there are insufficient unrestricted funds available lo accomplish this, but continual effort is being
made to secure more charity shops, reduce our operating costs and raise the level of income accordingly in
order lo achieve this target.
Goin
Concern
At 31 March 2024 total reserves amounted lo £1,642,807, ofwhich £755,480 related to the endowmeni fund
leaving unreslricled reselves of £887,327 an increase of £164.033 on the previous year. Of the general
reserves there is a surplus of £352,189 on free reserves.
The trustees are in the process of adopting various measures lo ￿duce costs and provide working capital to
enable the charilable company to meet its obligations as they fall due. These measures include..
Reductions in the operating costs of its trading activities.
Expansion of trading activilies relating to charity shops through additional shop openings.
Negotiations with funders lo extend facilities available.
Placing one or more properties for sale.
The trustees consider that such measures will improve the level of free reserves in line with its reseNes policy.
Consequently. the trustees consider that the financial statements of the charity should be prepared on a going
concem basis.
Princi
al fundin
sources
Principal funding sour￿$ are..
Charity shop trading income. donations, and associated gift aid of £4,402,930 (prior year
£3,849,015).
Blend income, principally alternative education, of £347,662 {prior year £266.982)
The most significant funding stream for the charity is the trading income from charity shops. The charity had
34 shops at the end of the current financial year. The income from the charity shops in 2023124 increased by
14.390/¢ compared to the prior year.
The running costs of the charity shops increased 9.070/0 from £2.589,781 in 2022123 to £2,824.458 in 20231
24.
Investment Polic
The Trust Deed authorises the Trustees to make and hold inve5tmenls using the general funds of the charity.
The trustees are therefore carrying out prudent research into available interest bearing, instant access savings
account options with a view to securing the best inveslmenl return, whilst not removing flexibility for our
reseNes. It is the intention of the trustees therefore that an interest bearing, instant access savings account
will be set up and funds eventually amounting to thal of the Reserves Policy will be deposited in it.

VALLEY CIDS UMrrED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Princi
al Risks and Uncertainties
The charity is relianl on charity shop income but nevertheless we have been able to sustsin a high level of
sales over this period even though retail sales in the high street have generally suffered. Over the year we
have managed to slabilise our income so that to date we have not seen any material impacl to the ability of
the charily to fund activities al the current level. This will be closely monitored over the next year. Salary
costs, including social security and Pensions comprise more than 60% of total expenditure and the
Govemment has pledged lo increase the living wage to £11.441hour from April 2024.
Plans for Future Periods
In this coming year we will be looking ahead to celebrating our 25 anniversary and we approach this
significant milestone wilh vision, faith, and the hope of what's to come in the next chapler of our story. The
report sections above have provided an Ove￿ieW of our plans for the coming year in relalion to each of key
areas of delivery, Retail, Children & Families, Youth Provision and Communily Projects. Additionally, we will
also be exploring new partnership initiatives focussed on how we can further support families and
communities, particularly in relation lo clothing poverty. We intend to continue to invest in developing a robust
communications strategy that further enhances our relationship with our donors and supporters, including a
new CRM system that enables us to belter manage donor iourneys. In relation to our core values, senior
managers have been involved in attending inclusion and diversity workshops in the past year with a view to
onsidering what intentional and visible inclusion should look like for us as 8 charity. Through this process
an Inclusion strategy has been drafted, which we intend to move forward with implementing in the year ahead.
We are also excited to be planning towards the next phase of development for our Turner Farm site. This
wonderful resource continues to provide enriching learning and development opportunities for young people,
together providing a base for the Swanwick Men's Shed project. Plans for Ihe ongoing developmenl of the
site will consider how we can fvrther enhance the educational, community and environmental impact of our
work there.
Structure, Governance, and Management
Valley CIDS is based at 13-14 The Green, Swanwick, Alfreton, Derbyshire. DE55 1BL which is also
the registered office and principal address of the charity.
The organisalion is a charitable company limited by guarantee (no. 05558271) originally incorporated on
8 Seplember 2005 under the Memorandum and Articles of Association as amended by special resolution
dated 4 March 2009 and 16 March 2009. The company registered as a charity on 12 March 2008 Ino
11231731. In the event ofthe company being wound up all members are required to contribute an amount not
ex￿edIng £1.
Board of Trustees
The trustees, who are also the directors forthe purpose of company law, and who seTved during the year and
up to the date of signature of the financial statements were..
J Brook
B J Cupples
N J Hambley
David Howe (Joined 3111012023
J Potter (Joined 2010912023
J F Turner (Resigned 3111012023
D M Vvhitaker
P R Whitaker
An annual review of the Trustees training requirements is undertaken together with the training and
information provided to any new Trustees.
Senior Leadershi
Team
The senior leadership team is led by the Chief Executive, lan Tannahill, and currenlly comprises of the Director
of Retail, the Head of Retail Operations & SeNices, the Head of Children & Families Outreach, Head of
Finance, Head of Youth Services, and the Director of Elhos. Values and Mission.
Internal Control
The purchasing process, whereby alternative quotes are obtained, is important to the achievement of
best value for Valley CIDS and is expected for all items of expenditure above £500.
12-

VALLEY CIDS UMrrED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Management Accounts are distributed within 15 working days of the month end lo the Senior Management
Team and Trustees. They include an Income and Expenditure Statement, Balance Sheet, Cash Flow forecast
and sales statisb'cs.
Pa
PDIIC
for Ke
Mana
ement Personnel
The trustees base Ihe pay of key management personnel on market rates for similar roles.
Risk Mana
ement
The trustees actively review Ihe major risk which the charity faces on a regular basis and their aim is to focus
on increasing reserves to fall in line with our reserves policy. This combined with an annual review of the
ontrols over key financial systems will provide sufficient resources in the event of adverse conditions.
The trustees have also examined other operational and business risks faced by the charity and confirm that
they have established systems lo mitigate the significant risks.
Fundraisin
Polic
Statement
Our funding continues to be predominantly through our Charity shops. but we also do receive some gifis from
local churches and individuals. We have been expanding our Alternative Education provision which
also generates income for the charity. We continue to discuss alternative methods of funding our work in the
future and, whilst we do not engage in any form of direct markeling, we have in the past year engaged
communications and fundraising consultancy support to help us develop a more coherent communications
and donor journey stralegy.
Related Parties
Valley CIDS is a charitable company which owns Valley CIDS Trading Company Limited, which is used as
an agent for charity shop donations with the net proceeds of these donations being donated to the charily.
Valley CIDS Trading Company Limited also manages and operates the charity shops.
There is also a uniling direction in place behveen Valley CIDS and the Turner Educational Charity. The two
charities are not formally amalgamated bul share common administration.
See the related party Iransaction note for other related party disclosures.
Auditor
In accordance with the company's articles, a resolution proposing that Azels Audit Services be reappointed
as auditor of the company will be put at a General Meeting.
Disclosure of information to the auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to
the audil, but of which the auditor is unaware. They have further confirmed that they have taken appropriate
steps lo idenlify such relevant information and to eslablish that the auditor is aware of such information.
The trustees report was approved by the Board of Trustees.
PR Whitaker
Chair
Dated..
13-

VALLEY CIDS LIMITED
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of Valley CIDS Limited for the purpose of company law, are responsible for
preparing the Trustees, Report and the financial statemenls in attordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Affepted Accounting Practice).
Company Law requires the Irustees to prepare financial statements for each financial year which give a true and fair
view of the slate of affairs of the charitable company and of the incoming resources and applicalion of resources,
including the income and expenditure, of Ihe charitable company for that year.
In preparing these financial slatemenls, the trustees are required to..
select suitable accounting policies and Ihen apply them consistently.,
- observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent,. and
prepare the financial statements on the going concern basis unless rt is inappropriate to presume that the
charilable company will continue in operation.
The trustees are responsible for keeping adequate accounling records that disclose with reasonable accuracy at
any time the financial position of Ihe charitable company and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hen￿ for laking reasonable steps for the prevention and detection of fraud and other irregularities.
14-

VALLEY CIDS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF VALLEY CIDS LIMITED
Opinion
We have audited the financial statements of Valley CIDS Limited {the 'charitable company,) for the year ended 31
March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and
notes to the financial statements, including significant accounting policies. The financial reporting framework that
has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards. including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of ils
incoming resources and application of reSoUr￿s, for the year then ended..
have been properly prepared in accordance with United Kingdom Generally A￿epted Accounting Practice:
and
have been prepared in accordance with Ihe requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK} {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of
the financial statements section of our report. We are independent of the charitable company in accordance with the
ethical requirements Ihal are relevant to our audit of the financial ststements in the UK, induding the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
Ihal the audit eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing Ihe financial statements, we have concluded that the trustees. use of the going concern basis of
accounting in the preparalion of the financial ststements is appropriate.
Based on the work we have perfomied. we have not identified any material Un￿rtaIntieS relating to events or
conditions that, individually or collectively, may cast significant doubt on the charilable company's ability to continue
as a going concern for a period of at least tsvelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other inforniation
The other information comprises the infomiation included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information contained wilhin the annual
report. Our opinion on Ihe financial statements does not cover Ihe other information and we do not express any fomi
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent wilh the financial statemenls or our knowledge obtained in
the course of the audil, or otherwise appears to be materially misstated. If we identify such material inconsistencies
or apparenl material misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial stslemenls themselves. If, based on the work we have performed, we conclude that there is a
material misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees,
report., or
SLrficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
15

VALLEY CIDS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF VALLEY CIDS LIMITED
Responsibilltles of trustees
As explained more fully in the slatement of trustees, responsibililies, the trustees, who are also the directors of the
charitable company for the purpose of company law, are responsible for the preparation of the financial statements
and for being satisfied 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 eiror. In preparing the financial statements. Ihe trustees are responsible for assessing the charitable
smpany's ability to continue as a going concern, disclosing. as applicable, matters related lo going concern and
using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or
to ¢ease operalions, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in acmrdance wilh the
Act and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from
material misstalement, whether due lo fraud or error, and to issue an audito¢s report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
wrth ISAS {UKI will always detect a material misstatement when il exists. Misstatements can arise from fraud or
error and are considered malerial if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council's website at= https'.11
www.frc.org.uklauditorsresponsibilities. This description forms part of our audilor's report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilrties, outlined above and on the Financial Reporting Council's website, to delect material
misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future
developments, including in relation to the legal and regulatory framework applicable and how the entity is complying
with that framework. Based on this understanding. we identify and assess Ihe risks of material misstatement of the
financial statements, whether due to fraud or error, design and perform audit procedures responsive to Ihose risks,
and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. This includes
consideration of the risk of acts by the entity thal were contrary to applicable laws and regulations, including fraud.
In response lo the risk of irregularities and non-complian￿ with laws and regulations, including fraud. we designed
procedures which included..
Enquiry of management and those charged with governance around actual and potential litigation and
claims as well as actual, suspected and alleged fraud:
Reviewing minutes of meetings of those charged with governance.,
Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financial statements or the operations of the entity Ihrough enquiry and inspeclion.,
Reviewing financial statement disclosures and tesling to supporting documentation to assess compliance
with applicable laws and regulatsons.,
Perfomiing audit work over the risk of management bias and override of controls, including testing of
journal entries and other adjustmenls for appropriateness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for indicators of
potential bias.
Because of Ihe inherent limitations of an audtl, there is a risk that we wi15 not detect all irregularities, including those
leading to a material misstatement in the financial stalemenls or non-compliance with regulation. This risk
increases the more that compliance with a law or regulalion is removed from the events and transactions reflected
in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of
not detecting a material misstatement resulling from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations. or the override of internal control.
16-

VALLEY CIDS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF VALLEY CIDS LIMITED
Use of our report
This report is made solely to the charity's trustees, es a body, in accordan￿ with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken $0 that W8 might state to the charity's truslees
those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent
permitted by law. we do not accept or assume responsibility to anyone other than th8 charity and the charity's
truste8s as a body, for our audit work, for this report, or for the opinions we have formed.
Mr Mark Jackson FCA DChA (Senior Statutory Audltor)
for and on behalf of Azets Audit S8rvlces
Charterod Accountants
Statutory Audltor
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
Uniled Kingdom
PE2 6FZ
A2ets Audit Services is eliglble for appointment as auditor of the charitable company by virtue of its eligibility for
appointment as auditor of a company under Section 1212 of the Companies Act 2006.
17-

VALLEY CIDS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Endowment
funds
funds
2024
2024
Total
Unrestricted Endowrnent
funds
funds
2023
2023
Total
2024
2023
Notes
Income and endowments from:
Donations and
legacies
Charitable activities
Other Iradirig
activities
Investments
Other income
1,323,432
428,679
1,323,432
428,679
901,228
405.694
901.228
405.694
3.130,490
5,029
(376)
3,130,490
5,029
{376)
2,998,513
2,281
4.039
2,998,513
2.281
4,039
Total income
4,887,254
4,887.254
4,311,755
4.311,755
nditure on:
Raising funds
3,468,458
3.468,458
3,011,781
3,011,781
Charitable activities
1,267,912
1,267,912
1.112.774
1,112,774
Total expenditure
4,736,370
4,736,370
4,124,555
4,124,555
Net incoming resources
before transfers
150,884
150,884
187,200
187,200
Gross transfers
belween funds
13,150
{13,150}
13.447
{13.4471
Net movement in funds
164.034
(13.150)
150,884
200,647
(13,447)
187,200
Fund balances at 1 April
2023
723,293
768.630
1,491,923
522,647
782,076
1,304,723
Fund balances at 31
March 2024
887,327
755.480
1,642,807
723,294
768,629
1,491,923
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from conlinuing activities.
The slatemenl of financial aclivities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
18

VALLEY CIDS LIMITED
CONSOLIDATED BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notss
Flxod assets
Tangible assets
Current assets
Debtors
Investments
Cash at bank and in hand
14
1,290.618
1.329,612
15
16
253,138
4.208
498,569
284,485
4,208
371.249
755,915
659,942
Creditors: amounts falling due within
one year
18
(305.355)
(350.047)
Net current assets
450,560
309.895
Total assets less current liabilities
1,741,178
1,639,507
Credttors: amounts falling due after
rn0￿ than one year
19
(98,371)
(147,584)
Net assets
1,642,807
1.491,923
Capitsl funds
Endowment funds - general
Income funds
Unrestricted funds
21
755.480
768.629
887,327
723,294
1,642,807
1,491,923
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities
Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of ils financial ststements under the requirements
of the Companies Act 20¢A, for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on ...........-........
1£ •k/_
P R Whitaker
Trustse
Company Registration No. 05558271
19-

VALLEY CIDS LIMITED
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Inveslmenls
14
1,128,995
1,182,647
1,128,996
1,182,648
Current assets
Debtors
Investments
Cash at bank and in hand
15
317,219
4.208
438.238
341,867
4,208
353,291
759,665
699,386
Credltors: amounts falllng due within
one year
18
{239,242)
(261,702)
Net current assets
520,423
437,664
Total assets le88 eurrent11obllltie8
1,649,419
1,620,312
Credltors.. amounts falllng due after
more than one yeor
19
(98,371)
(132,614)
Net assets
1,551,048
1,487,898
Capltsl funds
Endowment funds - general
In¢ome fund$
Unrestricted funds
21
755.480
768,629
795,568
719,089
1,551,048
1.487,698
-20-

VALLEY CIDS LIMITED
BALANCE SHEET {CONTINUED)
ASAT31 MARCH 2024
The company 1$ entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024. although an audit has been carried out under sedion 144 of the Charities
Act2011.
The directors acknowledge their responsibilities for complying wilh th8 requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have nol required the company to obtain an audit of its financial statements under the requirements
of th8 Companies Act 2006, for the year in question in accordants with section 476.
These financial statements have been prepared in accordance with the provisions applicable lo Companies subject
to the small companies regime.
The financial statements Were approved by the Trustees on
P R Whitsker
Trustee
Company Regl$tratlon No. 05558271
21

VALLEY CIDS LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
26
226.861
240,659
Investing actlvities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Investment income received
{49.968)
(310,4￿)
10,146
2,281
5,029
Net cash used in investing actlvltle$
(44,939)
(298,069)
Flnancing a¢tlvltle$
Repayment of bank loans
Payment of obligations under finance leases
(10,000)
(44,602)
(18,760)
165,636
Net cash (used In)Igonerated from
flnancing activltle$
(54,602}
146,876
Net Increase In cash and cash equivalents
127,320
89,466
Cash and cash equivalents at beginning of year
371,249
281,783
Cash and cash equivalents at end of year
498,589
371,249
-22-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity infomiatlon
Valley CIDS is a private company limited by guarantee and incorporated in England and Wales. The
registered office is 13-14 The Green, Swanwick. Alfreton, Derbyshire. DE55 1 BL. The members of the charity
are the trustees. In the event of the charity being wound up. the liability in respect of the guarantee is limited
to £1 per member ofthe charity.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charitsble company's governing
document.
Ihe Companies Act 2006 and "Accounting and Reporting by Charities." Statement of
Recommended Practice applicable to charities preparing iheir accounts in accordan￿ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The
charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
charitable company has adequate resources to continue in operational existen￿ for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the finanaal
statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Reslricted funds are subject to specific conditions by donors as lo how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charitable company.
1.4 Income
Income is recognised when the charitable company is legally entitled to it after any perfomiance condttions
have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are re¢ognised on receipt. Other donations are recognised On￿ the charitable company has
been notified of the donalion, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of
the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending
distribution. the amounl is known, and receipt is expected. If the amount is not known. Ihe legacy is treated as
contingenl asset.
23-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Contlnued)
1.5 Expenditure
All expenditure is accounled for on an a￿rual5 basis and has been classified under headings that aggregate
all costs relating to the category. Where costs cannot be directly allocated to particular headings, they have
been allocated to activities on a basis consislenl with use of the resources. Governan￿ costs are those
incurred in GonneGtion with the charity's compliance with Gonstitulional and statutory requirements.
Irrecoverable VAT is allocAted in the manner stated above for non-direct Gosls.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or v81ualion of assets less their residual values over their
useful lives on the following bases=
Freehold land and buildings
Leasehold improvements
Fixtures and fittings
Shop and office equipment
Motor vehicles
20/0 Straighl line. Freehold land is not depreciated.
10 years straight line.
20 % reducing balan￿.
20°/0 reducing balan￿.
25/0 reducing balan￿.
The gain or loss arising on the disposal of an asset is determined as the differen￿ between the sale proceeds
and the carying value of the assel, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
Al each reporting end date, the charitable company reviews the carrying amounts of its tangible assets lo
detemiine whether there is any indication thal those assels have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the
impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in cuffent liabilities.
1.9 Flnanclal instruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instmmenls, and
Section 12 '0ther Finan¢ial Inslruments Issues, of FRS 102 to all of its finanual instruments.
Financial inslruments are recognised in the charitable company's balance sheel when the charitable company
becomes paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial 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.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the effeclive
interest method unless the arrangement constitutes a financing transaction, 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.
-24-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
Baslc financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless
the arrangement constrtutes a financin9 transaction, where the debt instrument is measured at the present
value of the fvture payments discounted at a markel rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction pri￿ and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable company's contractual obligations expire or are
discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
re￿ived.
Temiination benefits are recognised immediately as an expense when the charitable company is
demonstrably committed lo terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and
rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets al the lower of the assets fair value at the date of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest
elements. The interest is charged to net incomel(expenditure) for the year so as to pr¢Jduce a constant
periodic rate of interest on the remaining balance of the liability.
Crltical accounting estimates and judgements
In the application of the charitable company's accounting policies. the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily
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 differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
peri¢)d$.
-25-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Donation8 and legacles
2024
2023
Donations and gifts
Government grants
G¢ft aid
1,063,227
760
259,445
705,139
24,587
171,502
1,323.432
901,228
Charitable activitles
2024
2023
Breakfast clubs
Blend proje￿$
Other income
Men's Shed
54,285
347,662
16,586
10,146
48,258
336,927
11,697
8,812
428,679
405,694
Analysis by fund
Unrestricted funds
428,679
405,894
428,679
405,694
Other tradlng actlvltles
2024
2023
Saltpot sales
Charity shops & ebay ￿leS
Rentsl income
Other income
26,447
21.987
3,091,498 2,947,787
12,297
28,275
464
Other trading activities
3,130,490 2,998,513
-26-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other incom•
2024
2023
Net gain on disposal oftangible fixed assets
{376)
4,039
Investmonts
2024
2023
Interest receivable
5,029
2,281
Ralslng fund8
2024
2023
Charity shops & café
Operating Charty shops
Staff costs
Depreciation and Impairment
1,405,334
1,994,095
69,029
1,060,300
1.934,381
17,100
Charity shops & café
3,468,458 3,011,781
27-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltablo actlvltles
2024
2023
Staff costs
Depreciation and impairment
Bank charges
Renl. rates and power
Insurance
Printing, postage and stationery
Recruitment and training
Repairs and computer costs
Equipment hire
Legal and professional
Sundry costs
Subscriptions
Travellmolor costs
Telephone
Goods and consumables
Advertising and PR
Activity and event costs
624.766
18,343
180
86,790
223
3.422
3,035
22,402
3.087
4.072
13,950
622
6,049
18,939
3.024
1,868
25,420
581,662
51,444
1,496
95,644
11,110
4,311
3,442
23.090
2,308
6,314
12,926
2,344
10,767
13,405
2,585
28,991
836,192
851,839
Share of support costs (see note 10)
Share of govemance Costs (see note 10)
412.678
19,042
243,485
17,450
1,267,912 1,112,774
-28-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Support costs
Support Governance
costs
costs
2024
Support Governance
costs
costs
2023
Staff costs
Depreciation
Insurance
Loan interest
Legal costs
Olher costs
Support costs heading 5
254.922
1,214
26,705
808
15.803
71,274
41,952
254,922
1,214
26,705
808
15,803
71,274
41.952
176,762
1.065
17,310
1,132
15,662
31.554
176,762
1,065
17,310
1.132
15,662
31,554
Audit fees
Accountancy
12,400
6,642
12,400
6,642
11,650
5,800
11,650
5,800
412,678
19,042
431,720
243.485
17,450
2etrO,935
Analysed behveen
Charitable activities
412,678
19,042
431,720
243,485
17,450
260,935
Governance costs includes payments to the auditors of £12,400 (2023- £11,650) for audit lees.
11 Trustees
During the year J Brook. who was a trustee of the charity. re￿iVed total remuneration of £12.673 12023=
£10,774) and pension contributions of £63412023.. £539) as approved by the Charity Commission. No other
trustees re￿iVed any remuneration. None of the trustees were reimbursed for expenses. The number of
directors to whom retirement benefrts are accruing under money purchase schemes is 1 (2023.. 11.
The key management personnel comprise the trustees the senior leadership team. The total employment
benefits of the key management personnel were £186.701 for 6 employees (2023.. £77.774 for 2 employees).
12 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
169
163
Employment costs
2024
2023
Wages and salaries
Social security cosls
Other pension costs
2,640,650
170,878
62,255
2,246,490
133,133
51,542
2,873,783
2,431,165
-29-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Employees
{Continuedl
There were no employees whose annual remuneration was more than £60,000.
13 Taxation
The charity is exempi from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of Ihe Taxation of Chargeable Gains Act 1992 to the extent thal these are applied to tts charitable objects.
-30-

a) In
In
* t)) O

¢0 e)

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Tangible fixed assets
{Continuedl
The Turner's Farm at Swanwick was valued by Bagshaws Chartered SuNeyors, in the amount of £800,000 at
10 March 2020. on an open market value basis in accordance wrth the RICS valuation Standards. Under the
transitional exemptions available under FRS102, the charity has treated the previous GAAP valuation as
deemed cost. The historic cosl of the Turner's Farm is estimated al £5C() by the directors.
Induded in freehold property is land estimated at £300.000 that is not depreciated.
In the year ended 31 March 2016 the company was gifted freehold properties at The Compass, 47 West Bars,
Chesterfield. This was included at a cost of £165,000 based on an open market valuation at 1 December 2015
by Richard Savage in accordance with the RICS valuation Standards. The Compass was value by Bolhams
Chartered Surveyors. in the amount of £325,000 at 5 April 2019. on an open market value in accordance with
the ROCIS valuation Standards.
All other assets are induded al historic cost.
15 Debto
Group
2023
Company
2023
2024
2024
Amounts falling due within one year-
Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
57.393
33,610
57.393
69,143
88,879
101.804
33.610
62.920
133.817
111.520
93.941
101.804
139,355
111,520
253,138
284.485
317,219
341.867
16 Current asset investments
Group and company
2024
2023
Unlisted investments
4,208
4,208
17 Finance lease commitrnents
Future minimum lease payments due under finance leases..
2024
2023
thin one year
Wrthin Iwo and five years
39.330
81,704
44,719
120,917
121,034
165,636
It is the tharitable company's policy to lease certain equipment under finance leases. Interest rates are fixed
at the contract date. All leases are on a fixed repayment basis.
33-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Credltors: amounts falling due withln one
year
Group
2023
Company
2023
2024
2024
Notes
20
17
Bank loans
ObligalioDS under finance leases
Other taxation and social security
Trade creditors
Other Creditors
Accruals and deferred income
10.CQO
39,330
39.241
137.208
13,468
66,108
10,000
44,719
27,112
180,950
8,786
78,480
10,000
24,758
39,241
119.994
13,468
31,781
10,000
24,759
26,600
158,596
8,786
32,961
305,355
350,047
239,242
261.702
19 Credltorn." amounts falling due after more than one year
Group
2023
Company
2023
2024
2024
Notes
Bank loans
Obligations under finance
leases
20
16,667
26.667
16,667
26.667
17
81,704
120,917
81,704
105,947
98,371
147,584
98.371
132.614
20 Loans and overdrafts
Group and company
2024
2023
Bank loans
28,667
36,667
Payable within one year
Payable after one year
10,000
16,667
10,000
26,667
There is a Yorkshir8 Bank Bounce Back loan totalling £26,667 (2023 .' £36,667) which is wholly repayable in
five years.
-34-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Endowment funds
The endowment fund represents assets held by a Ilnked Charity, the Turner's Educational Charity. It is
understood that the land and buildings of the linked charity are an expendable endowment fvnd. These
assets were originally entwsted to the Turner's Educational Charity in the 1700's.
Balanc• at
1 Aprll 2022
Tran$fvrn
l•nc• It
1 Aprll 2023
Trnn$l•rn
8*l•nc• at
31 March 2024
Pernianent endowments
Tumerfs Educational Fami
782,078
(13,447)
788.630
(13,150)
755,480
782.076
(13,447)
788,630
(13,150)
755,480
22 Analy81• of n•t assets between funds
Unrestricted Endowment
funds
funds
2024
2024
Total Unrnstrlcted Endowment
funds
funds
2023
2023
Total
2024
2023
Fund balances at 31
March 2024 are
represented by..
Tangible assets
Current assetsl(liabilities)
Long temi liabilities
535,138
450,560
(98,371)
755,480
1.290,818
560,983
450.560
309.895
(98,371) (147,584)
768,629
1,329,612
309,895
(147,584)
887,327
755,480
1,642,807
723,294
768,629
1,491,923
-35-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
23 Operating lease commitments
At the reporting end dale the Charitable company had outstanding commitments for future minimum lease
payments under non-cancellable operating leases, which fall due as follows..
2024
2023
Within one year
Be￿een and five years
In over five years
576,668
1,687,155
1,129,359
593,574
1,541,603
910,121
3,393,182
3,045,298
24 Related party transactions
During the year the group made purchases lotaling £nil {2023.' £6,150) from Andrews Builders Limited
company in which the P R Inffiilaker and D M Whitaker are directors. This had been approved by the trustees.
Amounls due to Andrews Builders Limited at the year end totaled £nil (2023.. £nil).
During the year the group made purchases totaling £39,171 (2023.. £nil) from S Brook, the spouse of J Brook.
Unconditional donations received from Irustees during the year amounted to £2,420 (2023= £2,471).
There is a uniting direction in place between Valley CIDS and the Turner's Educational Charity. The two
charities are not formally amalgamated but share common administration. The accounts of Ihe Tumer's
Educational Charily have been aggregated into these financial statements.
25 Subsidiaries
Detsils of the Charitable company's subsidiaries at 31 March 2024 are as follows..
Name of undertaking
Registered
office
Nature of business
Class of
shares held
°A Held
Direct Indirect
Valley CIDS Trading
Company Limited
England
Charity shops
Ordinary
shares
100.00
-36-

VALLEY CIDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
26 Cash gonorated from operatlon$
2024
2023
Surplus for the year
150,884
187,200
Adjustments for:
Investment income recognised in statement of financial activities
Lossl(gain) on disposal of tangible fixed assets
AmortlS8tion and impairment of intangible assets
Depreciation and impaimient of tangible fixed assets
{5,029)
378
1,214
87,372
(2,281)
(4,039)
1.065
68,645
Movements in working capital..
De¢reasel{increase) in debtors
(Decrease)lincrease in creditors
31,347
{39,303)
(11,337)
1,506
Cash generated from operations
226,861
240,659
27 Analy$l$ of changes In net fund8
At 1 Aprfl 2023
Ca¥h flow•At 31 March 2024
Cash at bank and in hand
371,249
127,320
498,569
Loans falling due wilhin one y8ar
Loans falling due after more than one year
Obligations under finance leases
{10,000)
(26,687)
(165,636)
(10.000)
(16,667)
(121,034)
10,000
44,602
168.946
181,922
350,868
-37-