Charlty reglstratlon number 1123173 Company reglstratlon number 06658271 (England and Wales) VALLEY CIDS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 VALLEY CIDS LEGAL AND ADMINISTRATIVE INFORMATION Th18tO•8 P R Wk)itaker 8 J Cupples D M Vthitaker N J Hambley J Brook J Potter D Howe Chlef Executlv• l Tannahill Charfty number 1123173 Company numb•r 05558271 Regl$t•r•d offlc• 13- 14 The Green Swanwick Altreton D•rbyshi DE55 18L Audliof Azets Audit Services Vlestpolnt Lynch lknd Peterborou9h Cambridgeshir• Unlted Klngdom PE2 6FZ 8ank•r8 Vir9in Bank 26 West Gate Mansfield Nottinghamshire NG18 1HS VALLEY CIDS CONTENTS Pag• Trustees, report Statement of twstees. responsib51ities 17 Independent auditols report 18-20 Statement of financial activities 21.22 Balance sheet 23-26 Statement of cash flows 27 Notes IQ the Ilnancial stat•ment$ 28-44 VALLEY CIDS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees of the charitsble company (who for the purposes of the Companies Act are also the directors of the company) present their report with the audited consolidated finanaal statements for the year ended 31si March 2025. The financial statements have been prepared in accordance with the accounting policies sel OLrt in note 1 to Ihe financial statements and comply with the charilable company's governing d¢xument, the Companies Act 2006 and "Accounting and Reporting by Charilies. Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iretand (FRS 102) (effective 1 January 2019)" Objectlves and actlvltles 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 extended 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 we work in many different ommunities across both counties. We are grateful for the energy, commitment and compassion demonstrated by our slaff and volunteers. This is what brings our vision and values to lrfe. transforming them from just words and ideas. into a relational ￿alty that is experienced by those we support. The Charity benefits greatly 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. In detemiining the activities of the charity. the trustees have taken into account the guidance produced by Charity Commission on public benefit. Vfv we are Valley CIDS is an independent Christian charity based throughout Derbyshire and Nottinghamshire. We are dedicated to supporting communities by investing in the next generation. Our mission is: 'To build and strengthen community through serving, inspiring and equipping children, young people and tsmilies to develop iheir full potential in society today." For 25 years. our vision and impact have steadily grown and evolved. From modest, yel ambitious, beginnings in 2000, Valley CIDS has become a well*stablished 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. young people. and their families. An investment of time, energy and money sets in place strong foundations giving children the best p)ssible chance in life. To support our work, we raise income Ihrough our retail portfolio of Lighthouse Charity Shops, which are located throughout Derbyshire and Notts'nghamshire. VALLEY CIDS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ethos and Val 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 inclLJsion 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 embra￿ new possibilities and realise a brighter fulure. Compasslon We are actioned to be petson-centred and holistic in our support, treating others with kindness. empathy, and respect. Belonglng We want people to experience a sense of community and meaningful connection, through which they feel supported, valued, and included. Inclusion We recognise that everyone has Ihe right to be seen, to be heard and to belong, and we commit to fostering a Gulture where diversity Is celebrated. Achlevements and performance Throughout this past year. Valley CIDS has remained committed to its mission of building and strengthening community through setving, inspiring and equipping children, young people and families to develop their full polenti81. This report V￿11 provide some insight into the continued development of our many projects anrj the launch of new initiatives that enable us to fulffil this mission. This has included the opening of two new Lighthouse Charily Shops. which are so important to our ongoing sustainability and growth. In July 2024, we also successfully appoinled a new Head of Youth Services This appointment has helped to strengthen our operational infrastructure. contributing significantly to providing the strategic and operational oversight necessary to support the ongoing growlh of our youth department. Also, in line with last year's plan, have continued to invest in our marketing and communications strategy and infrastructure. By engaging the ongoing expertise of a Marketing and Communications Consultant. we have been able lo further enhan￿ our reach and impact. NotabSy, the introduction of a new CRM system has transformed our fundraising and donor managemenl processes, enabling us to gather more insightful data to infomi and refine our cornmunications and fundraising strategies. The past year has also been a cause for reflection and gratitude for us a charity as we approached our 25th anniversary. We were reminded that our work began with a simple, yet powe￿1 vision. From a small base of dedicated local Christians meeting in Swanwick to pray for local schools. a bold vision emerged to employ Youth and Children's Workers to support schools and young people in the wider community. Twenty-five years on, the legacy of that bold vision continues to guide and inspire us. It reminds us that pursuing a bold vision requires courage, faith, resilience, and a willingness to tske risks. As we look to the future. that same spirit remains our compass - our true north as we continue lo serve local communtties and seek to making a lasting differenGe in the lives of Children, young people and families. As a board we have continued to commit to meeting regularly to ensure the close monitoring of the financial resilience of the charty lo ensure that we have a solid and sustsinable position to move forward from. We have also continued to cary out a robust review of our risk management, health and safety and safeguarding practs'ces 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 chanty activity. VALLEY CIDS TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Retail Lighthouse Charity Shops play a cwcial role in sustaining our work with children. young people. and famili8S across Derbyshire and Nottinghamshire. The income they generate makes our services possible. while also providing welcoming SPa￿S where people find support, friendship, and a sense of community. Together, they help ensure can continue making a lasting difference. This year we were delighted to open Iwo new Lighthouse Charity Shops in Glossop and Dronfield, Derbyshire. adding to the growing neI￿Ork of shops across the region. Each opening was marked by celebrations with lool community members, schools, Churches, and supporters, reflecting the strong sense of partnership at the heart of our work. These shops strengthen our presence in new areas while also offering people the opportunity to buy pre-loved goods. volunteer. and connect with others in a welcoming atmosphere. Our Lighthouse Charity Shops a￿ an extension of our work, wlth community and our values at the heart of all they do. They actively tske part in inits'atives thal bring people together and connect with the wider impact of the charity's work. Building on the success of last year's launch, our Great Book Giveaway grew even stronger in 2025. To celebrate World Book Day. all our Lighthouse Charity Shops took part in giving away free children's books. not just for one day, bLrt across an entire week. In totsl, 1,146 books were shared with children and young people, sparking imaginations and encouraging a love of reading Shops created eye-catching displays, stsff and volunteers dressed up, and some even welcomed visits from local nurseries and schools, making it a joyful celebration for everyone involved. The children's fa￿S lit up as they explored the shelves filled with colourful stories, with shops alive to the joyful sounds of discovery. The shops embrace the seasons and special occasions. from Christmas, Easter, and Harvest to awareness days and weeks such as Mental Health AvRreness Week. Pride Monlh, and Volunteers Week, by crealing themed window displays and organising activities in-store. These ￿lebrationS, like our World B￿k Day initialive. bring people together, engage the local cofflmunity, and provide opportunities for connection, learning, and ftsn. During Volunteers Week. we shone a well-deseNed spotlight on the incredible people who give their time and energy so generously. A particularly inspiring story is that of Cameron, who joined as a volunteer in 2022 and has been a valued member of our team ever since. Starting at Ripley and recently moving to Leabrooks, Cameron gained confidence, built new friendships, and leamed vital skills. becoming a favourite among ¢ustomeFS and an expert on the till. Through his volunteering experience, he has now secured a paid role at B&M, sharing how the support and encouragement from staff and volunteers helped him believe in himself and achieve this mileslone. Cameron's journey exemplifies the transformative power of volunteering, showing how giving time and care can open doots, build confidence, and create brighter futures. -5 came to Leabrooks one year ago I had very little confidence in myself, but thanks to Dawn, Nicola and the other volunteers. who have boosted my confidence and helped with my mental health. They are family to me and have supported me in getting a job at B&M They gave me the confidence to apply. helped me believe in my$eW, and en￿uraged me to keep going.. Cameron, Volunteer VALLEY CIDS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Looking Ahead Expansion remains a key priority for our retsil operations. helping to generate vital income to support the charity's work. Over the next year. we aim to open a further four Lighthouse Charty Shops, extending our reach and presence in local communities. We will also continue to strengthen our collaboration with other departments, including Blend, Quest, and Zesl. Building on successful initiatives with the Quest team over the year, we will be supporting their first Free School Unifomi and Essentials Giveaway to help ease financial pressures, alongside other schemes designed to assist our communities. These partnerships will remain a key focus in the year ahead. ensuring our shops continue to conlribute not only financially, but also as active hubs of community SUPPOrt. Chlldr ch n & F8mllies Outre Our Children and Families outreach team continues to create new opportunities with schools. churches. and within Ioc21 communities. From supporting RE lessons to developing creative ways of connecting with families, the leam has been delivering a wide range of activities over the past year. The Quest team offers a varied prcgramme that brings faith, leaming. and creativity together in ways that are enjoyable and accessible for child￿n. young people and families. These projects not only enrich leaming but also strengthen links btheen schools and the wider community. Our approach continues to be focused on th￿e key areas.. Enrlching RE- enriching religious education in schools through collective assemblies, RE lessonslworkshops, lunchtime clubs. and online resources. Exploring Faith facilitating relevant and creative opportunities for children and young people to explore the Christian faith. Mlssion & Outreach - supporting churches in their mission and outreach with children and families. worshiplschool Enrlchlng RE The Quest team continues to play an active role in supporting schools by enriching RE lessons and creating meaningful opportunities for children to explore faith, wellbeing, and spirituality in engaging ways. Through blend of Storytelling, V￿rkShOps, and creative activities, they help children make connections between faith and their own eXperien￿S. A dear example of this was during Children's Mental Health Week, when the team shared the message that °Its OK to not be OK- with pupils across more than 40 schools. Through their assemblies, they encouraged children to reflect on the importance of looking after their mental health and finding joy in everyday activltles. The work extended into classrooms. where children took part in activities such as drawing, reading, crafting. and music to explore ways of caring for themselves. Even the youngest pupils wére encouraged to think about how small daily praclices could support their wellbeing. The team also ran a RE day, exploring how emotions can be expressed. Through drama and reflection, children were able to share their ¢Jwn feelings Each child also received a free book from the Great Book Giveaway Project, leaving a lasting reminder of the lessons learned. VALLEY CIDS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Feedback from staff was overwhelmingly posits've, with one leacher describing the sessions as 'fun, engaging 8nd thoroughly enjoyed by Ihe children.. These creative approaches not only enrich RE teaching bLrt also give children space to reflect, express themselves, and experience the relevan￿ of faith in their everyday lives. "IdlThenever the children know that ilalley CIDS are coming in to do assembly, they always do a little fist t￿mp and shout yesl We really value you Coming Into our school and whal you bring." Ambergate PTim8ry Schcol." Mrs Howell (Headleacherl Across the schools we partner with. it is always a privilege to spend time with children and staff, whether through lunch clubs, collective worship, or lessons. The welcome we receive is warm. and the enthusiasm of the children is always encouraging. Exploring Falth Each week at Codnor Primary School. children gather after school for Discovery Club. supported by Codnor Methodist Church and St James Church. The sessions are filled wfrth creativity, laughter and enthusiasm as children take part in crafts. games and activities that bring Bible stories to Irfe. Through storytelling, drama and di￿uS510n. the club provides a safe and ￿￿1¢oMIng space where children Can explore faith. ask questions and grow in Confiden￿ The positrve relationships built with pupils. families and school staff continue lo make Discovery Club a valued part of school life. °It is fantastic that Valley CIDS can come to Codnor Primary School, and they have been Coming for many years now. Loads of kids come along and have seen many each term sign up to come. It's been fantastic we have done games, ¢rafts and all sorts of things. Most importantly, those seeds have been sown that chlldren can come to know Jesus themselves, bt's been amazing. so thank you Valley CIDS. Parent Volunteer Misslon & Outreach The Quest team partner with churches across the region. helping them to connect more deeply with their communttses. By offering sessions, sharing ideas, and providing training, we equip churches with the tools they need to strengthen and grow their work with children and young people. At St Helen's Church in Darley Dale, the team supported a three-day summer holiday club called Bible Beaches. With a lively pirate theme and stories from the New Testament, around 20 children enjoyed fvn activtties, games, and Crafts Thanks to the church's generous donations, each child went home with a gift bag filled wtth books. toys. and activrties to continue exploring faith and fun over the summer. Meanwhile, at Holy Trinity. the Fusion youth group has gone from strength to strength. doubling in stze over the past year. A special 'bring a friend. party helped encourage grovrth. and it has been encouraging to see some young people retum and reconnect with the group Fusion has become a safe and welcoming Space where young people can share openly and honeslly about life, with highlights including a trip to the Matlock Illuminations. 'It's really fun, we have good discussions to help us being the age we are. We're always made to feel welcome.. we can always be ourselves, so we can be a bit crazy cos we're all Crazy here." Amaka lage) adds, "Everyone's Include(l. nobody feels left out ' Fu$lon Young Pernon VALLEY CIDS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Looklng Ahead As we continue this work, we are also preparing to take the next steps in building new partnerships and exploring fresh ideas that will help us support even more communities in the year ahead. We are launching a youth wellbeing café at The Saltpot in partnership with the Blend team. providing a safe after-school space for post-16 young people from Swanwick Hall and their friends, with conversation, games, and affordable snacks. The Quest team is exploring opportunities to expand into new areas as demand grows. vthile also strengthening pastoral support in local primary schools and offering flexibility to assist Zest vthere needed. In summer 2025. five Lighthouse Charity Shops V￿11 host a free Khool uniform and essentials giveaway. helping families ac￿5$ much-needed clothing and supplies at a time of continued financial pressuTe and will be repeated in January 2026. A new pilot with four schools in the most disadvantaged areas will enable staff to refer families for largeted support. providing actsss to clothing, household ilems, and other essenli81s through our Lighthouse Charity Shops. Out of hool Clubs Zest Out-of-school Clubs are places where children feel relaxed, valued and ready to learn. ￿ether starting the day with a healthy breakfast or winding down after school, they are surrounded by warmth, encouragement and friendship. The canng atmosphere helps children grow in confidence. build positive relationships and enjoy being part of a nurturing community During the past year 149 children have attended our out of school clubs. we have provided support to 116 families have served 9,932 meals. "Breakfast Club 8t Ripley St John's is really well organised 8nd strUctU￿d. Children who have attended Breakfast Club always come into class happy, settled and ready to leam They are given time to regulate if needed before the school day begins. Confidence is also encouraged.. one child in my class never usually eals in Breakfast Club. bul over the year her confidence has grovm. and she is nthy enjoying breakfast along wlth her peers ' Key Stage 1 Leader Last year. we shared our plans to expand our out of school provision so that more children could access a Zest Out of School Club. We are delighted that this year we opened a new club at Long Row Primary School in Belper Like all the other Zest clubs, it offers children a stimulating and supportive environment where leaming is enriched through play and creativity. Through activities such as crafting. crochet, ￿lebrating special evenls and exploring different cultures, children are encouraged to be curious and confident leamers. With the team bringing their own unique interests and enthusiasm. every session offers something new, even a much-loved 'history play night" where children re-enact moments from British history for their friends. The enthusiasm of the staff and the engagement of the children have made the club a vibrant and enjoyable place to be, reflecting the positive impact of Zest's conlinued gro%￿h. Our clubs serve well-balanced sna¢ks and meals, with a focus on promoting a positlve and healthy approach to food. We believe there is no such thing as "bad. food; instead, children are encouraged to think about the choices thal will help thern get the vitamins and nutrients they need. Mealtimes are made fun, with a colourful selection of fruit and vegetables available every day. Staff also seek input from the children to find out which healthy options they enjoy, helping to re(luce food wasle and make sure everyone looks foTward to snack time. "Breakfast club 15 increasingly popular There's always a range of healthy breakfasts to choose from, from fruit and waffles to yogurt and toasl. The children enjoy going to bfeakfast dub and once they've eaten, they have a choice of activities to do e.g. playlng board games, drawng or reading. The children in rny class really enjoy it and they often come back and tell me what they have been doing. They are settled, ready for the day ahead and eager to learn.. Year 1 Téacher VALLEY CIDS TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Youth ni Work Over the pasi year, the Blend Youth Project team have remained dedicated to offering a wide variety of activities and support that inspire and enable young people. By helping them fa¢e the challenges they encounter, we aim to equip them with valuable skills, broaden their opportunities, and encourage them to raise their aspirations and look to a positive fvture. The team's Commitment to listening. empathising, and offering tailored support has allowed young people to open up about the challenges they face. Wth professional training and an in-depth understanding of the pressures today's young people face, Blend Youth Workers provide guidance and support, helping young people navigate issues such as academic stress, peer relationships. and family concerns in a safe and supportive environment. We are now delivering 25 weekly sessions of youth work. across 19 locations and engaging with approximately 750 young people on w a weekly basis. Additionally. the past year has also seen significant growth in our schools-based services and mentoring provision, which is expanded upon below. Development of Buxton provision Our community work has Continued to flourish by exterKling tts presence in Buxton through additional sessions for local young people. The initial engagement through street-based work has gone incredibly well, with the team building meaningful connections, regularly meeting young people out in the community. Building on this momentum. we secured a base in the town centre and ran a SUC￿$sful 12-week pilot programme, working closely with young people to ccFcreate a youth club that reflects their interests and needs. This has culminated in the development of a regular, small group of attendees who are 8Ctively shaping the space and its activities. From the outset. many young people described themselves as shy, S¢xially anxious, and emotionally withdrawn, often due to experiences of isolab'on. home education. or being in care. Low self-esteem and motivation were common. ￿th some struggling to leave their rooms or engage socially. One young person, for instan￿, was too shy to even explain they were home educated and said very little on their first visit. However, thanks to Blend's non-judgmental, kind, and flexible team who respond to emotional cues and let young people lead their own engagement, the young people quickly began to feel safe and supported. Activities like cooking and baking. which many enjoyed, became a gateway to connection and confidence-building. "Well, my anxiety is going away, I donl really know what to say really but my anxiety has come 8 long way whlle going to youth dub.. Young Pernon, Buxton Blend Over time, these young people have reported noticeable improvements in their confidence, mood, and social lives. They are more energetic, forming lasting friendships, and beginning to speak up and participate more actively. Several have expressed pride in their increased ¢onfiden¢e and reduced anxiety. noting that they now feel more outgoing and motivated, no longer isolated or emotionally exhausted. This transformation Speaks to the power of a supportive, young person-led environment and the commrtment of the tearn in Buxton to creating 8 space where young people can genuinely thrive. By continuing to be present, consistent, and responsive in the community, the team is making a lasting impact on the lives of young people in the area. 'Our lavourite things about youth club are FOODI Cooking food, eating food. making lood fancyl I love the craft activities and enjoyed our trip to Solomon's Temple, We got to show the youth workers somewhere we like to go with our families and share an experience with them ' Young People, Buxton Blend Development of s¢hools.based $ervlces This year. following a successful tender to provide health and wellbeing support to young people in Amber Valley & Chesterfield, the team has begun delivering a new schools-based programme of wellbeing workshops and mentoring. Alongside this, we have also expanded oui street-based youth work, reaching young people in additional locations. VALLEY CIDS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 This support has not only strengthened our weekly youth work delivery, but has also allowed us to provide targeted mentoring. small gfOUP work in schools, and thematic assemblies This saw 64 young people take part in school-based group sessions, and 38 mentoring sessions were delivered, offering consistent and focused support. Through this delivery of our youth work, we have worked closely w¢th local secondary schools lo deliver sessions on identity, self-esteem. relationships. emolional regulation, and positive thinking. Using creative and interactive methods such as discussions. worksheets, crafts, and activities like self-soolhe boxes, sensory bottles, and worry pebbles, young people We￿ able to explore key issues in a supportive environment. Vvhile many students were initially hesitant, Iheir confidence grew over time as they engaged more openly, shared positive feedback, and built strong and trusting relab'onships with staff. This work has proved to be a valuable way of supporting young people's emotional and mental health, equipping them with pradical strategies to manage challenges and encouraging them to develop healthier perspeclives. Partnership-based dellvery Partnership working is central to the approach of Blend Youth Project. The team plays a key role in the wder community, collaborating ¢losely with partners such as the police, Public Health, local councils. and other organisations. By contribLrting to initiatives such as harm reduction sessions and providing inpul into Children at Risk of Exploitation ICREI meetings across Derbyshire, Blend can bring a deep understanding of lo¢al communities and the young people within them. The relationships and trust that Blend staff build with young people are fundamental to this work. Schools. CAMHS, social prescribers, and Youth Justice Services regulady refer young people to Sessions, recognising the team's ability to engage and support them effectively. This strong partnership approach ensures that other organisations Can reach and support young people more Suc￿sSfUlly. Promotlng the volce of young people Building on these strong community partnerships, the team has also supported young people to have a voice at a national level. Drawing on their deep knowledge of local communities, they facilitated participation in the government's 'Deliver You. campaign, a national initiative designed to shape the next National Youth Strategy. This campaign invited young people across the UK to share their prioTlties for change, from mental health and education to having a say in decisions th8t affect them. Over several weeks, the team ran inclusive workshops, discussion sessions and surveys with more than 40 young people from diverse local comfflunities. Participants were encouraged to speak openly about issues that matter most lo them, including safety, wellbeing. access to 8Ctivities and their hopes for the future. For many. Ihis was their first experience of contributing to nalional decision-making, providing a rare opportunity to feed back to decision makers about the positives and challenges facing young people. The insights gathered were fed back into the conSLtltation process, giving young people national exposure and ensuring that their views helped infomi policy discussions. The voice of young people is at the heart of OLJr work. By giving ihem the confidence to share their thoughts on how services are delivered, we ensure our youth work is meaningful, responsive, and supports their wellbeing and lrfe chan￿5 Feedback from young people Consulting with young people is vital to ensure their voices infiuence the development of youth services delivered by the Blend Youth Project. Our bi-annual p8rtiCiP8nt consultation survey plays a key role in shaping the programmes and services Blend offer. VALLEY CIDS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Through their involvement with Blend, young people have received support in various ways arKI for a range of areas. When asked in our consull8tion how Blend Youth Project has helped them: 82.50h of young people feel that that they have developed new skills. 78% of young people feel that it has helped them to understand people better who are different to them. 74.5% of young peopFe feel they understand more about their health. 63% of young people feel that it has helped with the relationships with adults at home. 63% of young people feel that it has helped them to avoid misuse of a1￿h01 and drugs. 64% of young people feel that they now find it easier to ask for help and support. lthen asked aboLrt their experien￿, the most common responses were 'Happy, Comfortable" and °Safe.° with many also feeling 'Li$tened to. 'Welcomed" and 'Understood.- This shows that Blend provides a supportive, inclusive, and emotionally safe space where young people feel valued and able to explore their feelings. These insights reinforce the Importan￿ of continuing to offer spa¢es where young people Can express themselve5, receive support, and engage in activities that are empowering and enriching. The outcome and impact of this support is often best captured when telling the stories of individual young people. Bradley's Story Bradley first came to Blend's youth hub in Heanor. eager to make a difference. From the outset he piayed a vital role in the youth management team, helping shape sessions, deciding how to tsd2022. The Trustees therefore consider maintaining reserves equivalent to six weeks of expenditure to be a prudent 8pproach, given that the charity's prlmary funding sourC￿ncl)me from charity shop tradlng-continues to provide a Stal￿e and reliable core revenue stream. Goi Concern At 31 March 2025 total reserves amounted to £1,769.096. of which £752,950 related to the endowmenl fund, leaving unrestricted reserves of £1,016,146 an increase of £128.819 on the previous year. Of the unrestricted reserves there are designated funds of £484.597 (Fixed Assets) leaving a surplus of £531,549 on free reserves. The trustees are in the process of adopting various measures to reduce costs and provide working Capital to enable the charitable company to meet its obligations as they fall due. These measures include. Reductions in the operating costs of its trading activities. Expansion of trading aclivtties relating to charity shops through additional shop openings. Placing one or more properties for sale. The trustees ¢onsider that such measures will improve the level of free reserves in line with its reserwes policy. Consequently, the trustees consider that the financial statements of the ¢harity should be prepared on a going con￿rn basis. Prin al fvndin source Principal funding sources are= Charity shop trading income. donations, and associated grft aid of £4.858,505 (prior year £4,440,617). Blend income, principally alternative education. of £442,659 (prior year £347,452) The most significant funding stream for the Charity is the tra4Jing income from charity shops. The charity had 36 shops at the end of the current finanual yèar. Before donations from the trading company to the charity, shop trading income was up 7.50A at £4.431.920 (prior year £4.120.689). However. this financial year also saw a significant increase of 35% in gift aid to £350,986, compared to £259,445 prior year. Therefore, after these donations are moved across to the Charity, the income from Charity shop trading in 2024125 decreased by <10 compared to the prior year. The running costs of the charity shops increased 3.640h from £2,823,963 in 2023124 to £2.926.937 in 2024125. Investment Polic The Trust Deed authorises the Trustees to make and hold investments using the general funds of the charrty The trustees are therefore carrying out prudent research into available interest bearing, instant access savings account options with a view to securing the best investment retum, whilst not removing flexibility for our reserves. It is the intention of the trustees Iherefore that an interest bearing. instant access savings account will be set up and funds eventually amounting to Ihat of the Reserves Policy will be deposited in it. 13- VALLEY CIDS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 rinci 81 Risks and Un rtainties The charity is reliant on charity shop income bul nevertheless we have been able to sustain 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 impact to the ability of the charity to fund activities at the current level. This will be closely monitored over the next year. Salary costs. induding social securty and Pensions wmprise more than 600A of total expenditure and the Govemment has pledged to increase the living wage to £12.21 Ihour from April 2025. Plans lor Future Perlods The sections above have outlined our plans for the Coming year across each of our key areas of delivery Retail. Children & Families, Youth Provision, and Communily Projects. As we look to the year ahead, we are excited to mark a major milestone.. our 25th anniversary. To celebrate this special occasion, we will be hosting a series of evenls that bring together friends, supporters, and partners of the charity. These gatherings will offer an opportunity to reflect on all that has been achieved over the past quarter century, and lo look forward with hope and vision to the next chapter of our journey. A major focus for the year will be the launch of our Tumer Farm "Big Build. fundraising iniliats've a bold step towards the future of Valley CIDS and the ongoing legacy of Turner Fami. Over the years, we have made creative use of every available space to support learning. However, we have now reached the limits of what is possible within our existing buildings. To meet growing demand an¢J provide even greater opportunities for young people. we are embarking on an exciting new project.. the development of a purpose-built vocational learning centre. This new facility will enable us to: Enhance the learning environment and experience for young people. Expand our qualtfications offer and leaming pathways. Increase our capacity to support more students who will benefit from this style of education. In addition we are continuing to explore new ways to support families experiencing financial hardship. One key initiative fcsr the coming year wll see our Lighthouse Charity Shops used as school unrfom giveaway points during school holiday periods. This joint projeci between our Quest and Retail teams will enable families across our communities to access much-needed 'back to school. essentials - including uniforms, shoes, backpacks, pencil cases, and water bottles. Together, these plans reflect our ongoing commitment to building stronger communities, empowering young people. and offering practical support to families in need. Structure, Governance. and Managemènt 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 charty- The organisation is a charitable company limited by guarantee (no. 055582711 originally incorporated on 8 September 2005 under the Memorandum and Articles of Association as amended by special resolulion dated 4 March 2009 and 16 March 2009. The company registered as a charity on 12 March 2008 (no 1123173). In the event of the company beirsg wound up all members are required to contribute an amount not exceeding £1. 14- VALLEY CIDS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Board of Trustees The trustees. who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were= P R Whitaker D M Whitaker J Brook B J Cupples N J Hambley David Howe J Potter An annual review of the Trustees training requirements is undertaken together with the training and infomation provided to any new Trustees. Seniof Leadershi Team The senior leadership team is led by the Chiel Executive, lan Tannahill, and currently compfises of the Director of Retail, the Head of Operations, the Head of Children & Families oLrt￿aCh, Head of Finance, Head of Youth Services. and the Director of Ethos, Values and Mission. Internal Control The purchasing process. whereby alternative quotes are obtsined, is important to the achievement of best value for Valley CIDS and is expected for all items of expenditure above £500. Management Accounls are distributed within 15 working days of the month end to the Senior Management Team and Trustees. They include an Income and Expenditure Statement, Balance Sheet. Cash Flow forecast and sales statisliGS. Pa Polic fof Ke Mana ement Personnel The trustees base the pay of key management personnel on market rates for similar roles. Risk Mana ement The truslees 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 resetwes policy. This combined with an annual review of the controls over key financial systems will prowde sufficient resources In the event of adverse condth'ons. The trustees have also examined other operational and business risks fa￿d by the charity and Confirm that they have established systems to mitigate the significant risks. undrai in tem Our funding continues lo be predominantly through our Charity shops, but we also do receive some grfts from local churches and individuals. We have been expanding our Altemative Education provision which also generates income for the chanty. We continue to discuss alternative methods of funding our work in the futu and. whilst we do not engage in any form of direct marketing, we have in the past year engaged communications and fundraising consultancy support to help us develop a more ¢oherent communications and donor journey strategy. 15- VALLEY CIDS TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 e13ted P rti Valley CIDS is a charitable company which owns Valley CIDS Trading Company Limited, which is tjsed as an agent for charity shop donations with the net proceeds of these donations being donated to the charity. Valley CIDS Trading Company Limited also manages and operates the charity shops. There is also a uniting direction in place be￿n Valley CIDS and the Turner Educational Charity. The fyvo charities are not formally amalgamated but share common administration. See the relaled party transaction note for other related party disclosures. Auditor In accrxdance 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 inform lion lo he auditor Each of the trustees has confirmed that there is no infonTration of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to estsblish that the auditor is aware of such information. The trustees, ￿port was approved by the Board of Trustees. P R Whitaker Chair Dated., 16- VALLEY CIDS STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also the directors of Valley CIDS for the purpose of company law. a￿ responsible for preparing the Trustees. Report and the financial statements in a¢cordance with applicable law and United Kingdom AC0￿nting Standards (United Kingdom GenerallyAc¢epted 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 applicalion of resources, including the income and expenditure. of the charitable company for that year. In preparing these finanaal ststements, the trustees are required to: select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP., - make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Slandards have been followed, subject to any material departures disclosed and explained in the financial statements: and Prepa￿ the financial statements on the going Goncem basis unless it is inappropriate to p￿SUrne that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the charilable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 17- VALLEY CIDS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF VALLEY CIDS Opinion We have audiled the financial statements of Valley CIDS (the 'charitable company'l for the year ended 31 March 2025 which comprise the statement of financial activities. the balance sheet, the slatement of cash flows and notes to the financial ststements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporb'ng Standard 102 The Financial Reporting Standard applicable in the UK and RepublK of I￿land (United Kingdom Generally Accepted Accounting Practice). In our opinion, the finan¢ial statements.. give a true and fair view of the slate of the charitable company's affairs as at 31 March 2025 and of its incoming reSoUr￿S and application of resources. for the year then ended., have been properfy prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Cornpanies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audrt of the financial slalemenls section of our report We are independent of the charitable company in accordance with the ethical requirements thal are relevanl to our audit of the financial stalements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilrties in accordance with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relatlng to golng concem In auditing the financial statements, 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 work we have performed, we have not identified any material uncertainties relating to events or condilions that, individually or collectively. may casl significant doubt on the charitable 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 issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Inforniatlon The other inform81ion compnses the infomalion included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for Ihe other information contained within the annual report Our opinion on the financial statements does not cover the other infomalion 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 ffinancial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we idenlTfy such material inconsistencies or apparent material misstatemenls. we are required lo determine whether this gives rise to a material misstatement in the financial slatements themselves. If, based on the work we have performed, we conclude that there is material misstatement of this other infomalion, we are required to report that fact. We have nothing to report in this regard. Matters on which we are requlred to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charkties (Accounts and Reports) Regulations 2008 require us lo report to you if, in our opinion. Ihe infomiation given in the financial statements is inconsistent in any material respect wth the trustees, report; or sufficient accounting records have not been kept., or the financial statements are nol in agreement with thè accounting records-, or we have not received all the infomiation and explanations we require for our audyt. 18- VALLEY CIDS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF VALLEY CIDS Responslbllttles of trustees As explained rnore fully in the statement ol trustees, responsibilrties, 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 intemal ¢ontroi as the trustees determine is necessary to enable the preparth'on of financial statements that are free from material misstatement, ther due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to ￿ase operations. or have no realistic allemative but to do 80. Auditor's responsibilities for the audlt of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assuran￿ aboLrt whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes Ouf opinion. Reasonable assuran￿ is a high level of assurance but is not a guaRnlee that an audit conducted in accordance Wtth ISAS (UK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material 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 dexnption forms part of our auditor's Teport. Extent to which the audlt was Consldered capable of detecting Irregularitles, Includlng fraud Irregularities, including fraud. are instances of non-complian￿ with laws and regulations. We design procedures in line wrth our responsibilities. outlined above and on the Financial Reporting Council's website. to detect material misstatements in respect of irregularits'es. including fraud We obtain and update our understanding of the entily, its activities. its control environment, and likely future developments, including in relation lo the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misslatement of the financial statements, whether due to fraud or effor. design and perform audit pr￿edureS responsive to those risks. and obtain audrt evidence that is sufficient arKI appropriate lo provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations. including fraud. In response to Ihe risk of irregularities and non (44,939) Flnanclng actlvFtI Repayment of bank loans Payment of obligatlons under financ? leases (10,000) (39.330) {10,000) (44,602) Net cash used In flnanclng actlvftl•s (49.330) (54,602) Not Increase In cash and Gash equfvalents 138,816 127,320 Cash and cash equivalents at beginning of year 498,569 371.249 Cash and cash equlvalents at end of year 637.385 498,569 -27- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charlty information 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 charily being wound up. Ihe liability in respect of the guarantee is limited to £1 per member of the charity. 1.1 Accounting convention The financial statements have been prepared in accordance with the charitable company's governing dc£umenl, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ )Mth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019)" The haritable company is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is Ihe functional ¢urrency 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 Al the lime of approving the financial slatements, the trustees have a reasonable expectation that the charitable company has adequate resources lo continue in operational existence for the foreseeable future. Thus the truslee5 continue to adopt the going concern basis of accounting in prepariro the financial statements. 1.3 Charitable funds Unreslricted funds are available for use at the discretion of the trustees in furtheran￿ of their charitable objectives. Restncted funds are subject to specific conditions by donors as lo how they may be used. The purposes and uses of the restricled funds are set out in the notes 10 Ihe 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 charttable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and il is probable Ihat income Wbll be rer£ived. Cash donations are recognised on ￿CeiPt. Other donations are recognised once the charitable Company has been notified of the donation. unless perfomiance Conditions require deferral of the amount. Income tax recoverable In relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othemise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a conlingenl asset. .28- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Continued) 1.5 Expendlture All expenditure is accounted for on an accruals basis and has been classified under headings thal aggregate all costs relaling to the category. W)ere costs cannot be directly allocated to particular headings, they have been allocated to activities on a basis consistent with use of the resources. Govemance costs are those incurred in connection with the charity's compliance with constitutional and slatutory requirements. Irrecoverable VAT is allocated in the manner slated above for non-direct Costs. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Deprecialion is recognised so as to ￿lte off the cost or valuation 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 20A straight line Freehold land is not depreciated 10 years straight line. 200h reducing balance. 200/0 reducing balance. 25% reducing balance. The gain or loss arising on Ihe disposal of an asset is determined as the difference between the sale prO￿edS and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end dale, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine 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 monlhs or less, and bank overdrafts. Bank overdrafts are shown wtthin borrowings in current liabilrties. 1.9 Financial instruments The charitable cornpany has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '01her Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balan¢e sheet when the charitable company becomes paty to Ihe Contractual provisions of Ihe instrument. Financtal assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable righl to set off the recognised amounts and there is an intenth'on to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amorti5ed cost using the effective interest method unless the arrangement constilutes a financing transaction, where the transaclion is measured at the present value of the future receipts discounted al a market rale of interest. Financial assels classified as receivable within one year are not amortised. .29- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial liabilllies Basic financial liabilities. including creditors and bank loans are initially recognised al Iransa¢tion price unless the arrangement constitutes a financing transaction. where the debt instrumenl is measured 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 amorb'sed. Debt inslruments 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-currenl liabilities. Trade creditors are recognisèd initially at transaction price and subsequently measured at amortised cost using the effective interest methtsj. Derecognition of financial li8bilities Financial liabilities are derecognised when the charitable company's Contractual obligations expire or are discharged or cancelled. 1.10 Employee bènefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately a5 an expense when the charitable company is demonstrably ¢ornmitted to terminate the employment of an employee or to provide termination benefits. 1.11 Retl￿MeTht benefits Payments to defined contribution reb'rement 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 at the lower of the assets fair value al the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finants lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to nel incomel{expenditure) for the year so as to produce a constant periodic rale of interest on the remaining balance of the liabilty. Crltical accountlng estlmates and Judgements In the application of the charitable company's a¢¢ounling policies, the trustees a￿ reqUI￿d to make judgements, estimates and assumptions about the carying amount of assets and liabililies that are not readily apparent from other sources. The estimates and assoaated assumptions are based on hislorical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling 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 periods. -30- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatlons and legacle8 2025 2024 Donations and gifts Gift aided shop sates Government grants Gift aid 28,686 1,397.688 780 350,986 34.036 1,029,191 760 259.445 1,778,120 1.323.432 Charltsbl• actlvltles 2025 2024 Zest out of school clubs Blend contr8Cts and tenders Blend activity and trips Blend room hire income 81end-exlemal funding Other income en'8 Shed Aliemative education 52.960 172,623 1.515 240 8.725 19.241 10,136 259,556 63,462 77,740 1.618 807 16,796 10.146 267,287 524,998 437,856 Analysis by fund Unrestricted funds - g•n•ral Unrestricted funds - designated Restricted funds 290,721 24,957 209,318 437,856 524,996 437,856 Other tradlng actlvlUe8 2026 2024 Saltpot sales Charity sho￿ arKI ebay sales Rentsl income Other income 25,349 26,447 3.055,815 3,091,498 2.880 3,120 220 248 Olher trading activities 3,084,264 3,121,313 31 VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other income 2025 2024 Net gain on disposal of tangible fixed assets (3761 Investrnents 2025 2024 Interest receivable 11,S37 5.029 Ralsing funds 2025 2024 Charity shops and cafè Operatin9 charity shops Staff costs Depreciation and impairment 1,486,757 2,246.778 71,121 1,405,334 1,994.095 69,029 Charity shops and café 3.804,656 3,468,458 Support costs Support Governance costs costs 2025 Support Governance costs costs 2024 Staff costs Deprecialion Insurance Loan interest Legal and professional osts Olher Costs 333.630 1.746 32.544 556 333.630 1.746 32,544 556 254.922 1,214 26,705 808 254.922 1,214 26,705 808 44.779 78.433 44,779 78,433 57,755 71,274 57,755 71,274 Audit fees Accountancy 12.810 2.507 12,810 2.507 12,400 6.642 12,400 6,642 491,688 15,317 507,005 412,678 19,042 431.720 Analysed between Charitable activities 491,688 15.317 507,005 412,678 19,042 431,720 Governance costs includes payments to the auditors of £12,81012024. £12,400) for audit fees. -32- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Charltable activitles 2025 2024 Slaff costs Depreciation and impainnent Bank charges Rent. rates and power Insurance Printing, postage and stationery Recrurtment and training Repairs and computer costs Equipment hire Legal and professional Sundry cost5 Subscriptions Travevmotor costs Telephone Goods and consumables Advertising and PR Activity and event costs 719.323 20.578 341 98,738 624,766 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 1,911 6,085 35.598 475 495 15.912 645 2.377 23,601 4,356 1,624 28.908 960.967 836,192 Share of support costs (see note 9) Share of govemance costs (see note 9) 491,688 15,317 412,678 19,042 1,467,972 1,267.912 Analysis by fund Unrestricted funds - general Unrestricted funds - designated Restrictsd funds 1,233,697 1,267,912 24,957 209,318 1,467,972 1.267,912 11 Trustees During the year J Brook, who was a truste8 of the charity, received total remuneration of £12.402 (2024.. £12,673) and pension contributions of £620 (2024.. £634) as approved by Ihe Charity Commission. No other trustees received any remuneration. None of the trustees were reimbursed for expenses. The number of directors to whom retirement benefits are accruing under money purchase schemes is 112024.. 1 }. The key management personnel comprise the truslees the senior leadership team. The total employment beneffits of Ihe key management personnel were £243,910 for 7 employees (2024.. £184.701 for 6 employees). -33- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Total 178 169 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 3,050.536 183,562 65,633 2.640,650 170.878 62.255 3,299.731 2.873.783 The number of employees whose annual remuneration was more than £60.000 is as foll¢JWS'. 2025 Number 2024 Number £60,001- £70.000 13 Taxation The charity is exempl from tax on income and gains falling within section 505 of the Taxe5 Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 lo the extent that these are applied to its charitable obj'ects z¥m J* u VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Tangible fixed assets Icontlnued The Tumer's Farm at Swanwick was valued by Bagshaws Chartered Surveyors, in the amount of £800.000 al 10 March 2020. on an open market value basis in accordance with the RICS valuation Standards. Under the transitional exemptions available under FRS102, the charity has treated the previous GAAP valuation as deemed cost. The historic cost of the Turner's Farm is estimated at £500 by Ihe directors. Included in freehold propety 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 Savidge in accordance with the RICS valuation Standards. The Compass was valued by Bothams Chartered Surveyors, in the amount of £325.000 at 5 April 2019. on an open market value in a¢cordance with the RICS valuation Standards. All other assets are included 8t historic cost. 15 Debtors Group 2024 Company 2024 2025 2025 Amounts falling due within one year.. Trade debtors Amounts owed by subsidiary undertakings Other debtors Prepayments and accrued income 34.015 57.393 34.014 146,855 162,943 145,388 57,393 69,143 88,879 101,804 171,721 145.388 93,941 101.804 351.124 253.138 489.200 317,219 16 Current asset investments Group and company 2025 2024 Unlisted investments 4,208 4,208 17 Finance lease commftments Future minimum lease payments due under finance leases.. 2025 2024 Within one year thin two and five years 24,759 56,945 39,330 81,704 81,704 121,034 11 is the charitable company's policy to lease certain equipment under finance leases. Interest rates are fixed at the contract date. All leases are on a fixed ￿paYfflent basis. 37- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Creditors: amounts falllng due wfthin one year Group 2024 Company 2024 2025 202S Notes 21 17 Bank loans Obligations under finance leases Other taxation and social security Deferred income Trade creditors Other creditors Accruals 10,000 24.759 45.628 61.653 244.034 16,483 51.944 10,000 39.330 39.241 10,000 24,759 45,628 61.653 206.696 16.483 29.707 10,000 24.758 39.241 20 137.208 13,468 66.108 119,994 13,468 31,781 454.501 305.355 394,926 239.242 19 Credltors: amounts falling due after more than one year Group 2024 Company 2024 2025 2025 Notes Bank loans Obligations under finance leases 21 6.667 16.667 6,667 16,667 17 56.945 81,704 56,945 81,704 63,612 98,371 63,612 98,371 20 Deferred Income 2025 2024 Other deferred income 61,653 Deferred income is included in the financial statements as follows.. 2025 2024 Deferred income is included within.. Current liabilities 61.653 Movements in the year: Deferred income at 1 April 2024 Resources deferred in the year 61.653 Deferred income al 31 March 2025 61,853 Deferred income relates to Blend in¢ome received in advance. 38- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Loans and overdrafts Group and company 2025 2024 Bank loans 16,667 26,687 Payable within one year Payable after one year 10.000 6,667 10,000 16.667 There is a Yorkshlre 88nk Bounce Back loan totalling £16,66712024 . £26.667) whlch is wholly repayable in rive years. 22 R•8trfct•d funds The income funds of the charity indude restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movem•nt In funds Incomlnq Resourceg 8•lance at r•xaure•s •xp•nd•d 31 March 202S BalaTr¢• at l April 2024 Amber Valley Borough Council Chesterfield Borough Council High Peak B¢rough Council Belper Town C¢uncil 104,539 62,500 24.100 18,179 (104,539) (62,500) (24.100) (18.179) 209,318 (209,318> Restricted funds are ￿ed to support the programmes run ty Valley CIDS. The wogrammes are focused on serrfing, inspiring and equipping Ghildren, young people and families to develop their full potential in society today. Details regarding the projects are set out within the Trustees, Report. -39- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Deslgnatod funds Group The income funds of the charity include the followng designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.. Movement in funds Transfers Balance at 31 March 2025 Balance at 1 April 2024 Incoming resourcos Resources expende Fixed Asset Fund Crich Youth Club Ripley Town Council Alfreton Youngsters Umbrella Provision Belper Youth Sports Festival 484,597 484,597 5.040 3,652 6,671 9,594 15.040) (3,652) {6,671) (9,594) 24.957 {24,957} 484,597 484.597 The fixed asset fund represents the book value of fixed assets not included in the endowment fund less the related long term element of the hire purchase creditor. The other designated funds relate to specific programmes run by Valley CIDS where funds generated are actively spent to support the programme. Company The Income funds of Ihe charity include Ihe followtng designated funds which have been sel aside out of unrestricted funds by the Irustees for specific purposes. Movement In funds Transfers Bal•nce at 31 March 2025 Balance at 1 Aprll 2024 Incoming resources Resources expended Fixed Asset Fund Crich Youth Club Ripley Town Council Alfreton Youngsters Umbrella Provision Belper Youth Sports Feslival 268.184 268,184 5,040 3.652 6.671 9.594 {5,040) (3,652) (6,671 } 19,594} 24.957 (24,9571 268,184 268,184 The fixed asset fund represents the book value of fixed assets not included in the endowmenl fund less the related long term element of the hire purchase creditor. The other designated funds relate to speciffic programmes run by Valley CIDS where funds generated are actively spent to support the programme. -40- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Endowment funds The endowment fijnd represénts assets held by a linked charity, the Turner's Educational Charity. It is understood that the land and buildings of the linked charity are an expendable endowment fund. These assets were originally entrusted to the Tumer's Educational Charity in the 1700's. Tr•n¥ftrs B•lanu at 1 ApfS12024 Tr•n¥f•r• 8alanu at 31 March 2025 l Aprll 2023 Permanent •ndowments Turnerfs Educational Farm 768,630 (13.150) 755,480 (2,530) 752,950 768,830 (13.150) 755,480 (2,530> 752.950 -41 ¢£+Or oooi ¢7) Jo io aj rj co • 4c* ¢ thz¥ ¢y VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 26 Operating lease commllments Al Ihe reporting end date the charitable company had outstanding commitments for fvlure minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2025 2024 Wthin one year Be￿n tsvo and five years In over five years 579.442 1.631.364 1,005,052 576,688 1,687,155 1,129,359 3,215,858 3.393,182 27 Related party transactions During the year the group made purchases totalling £6,000 {2024= £nil) from Andrews The Builders Limited company in which the P R INhitaker and D M Whitaker are directors. This had been approved by the trustees. Amounls due to Andrews The Builders Limited at the year end lotalled £nil12024.' £nill. During the year the group made purchases lotalling £36,621 (2024.. £39.171) from S Brook. the spouse of J Brook. Unconditional donations received from trustees during the year amounted to £2.400 {2024.' £2,420). There is a uniting direction in place between Valley CIDS and thè Turner's Educational Charity. The Iwo charities are not formally amalgamated bul share common administration. The accounts of the Tumer's Educational Charity have been aggregated into these financial statements. 28 Subsldiaries Details of the charitable companWs subsidiaries at 31 March 2025 are as follow$'. Name of undertaklng Registered office Nature of business Class of •kn Held shares held Direct Indirect Valley CIDS Trading Company Limited England Charity shops Ordinary shares 100.00 -43- VALLEY CIDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 29 Cash generated from operations 2025 2024 Surplus for the year 128,289 150,884 Adjustments for.. Investment income recognised in statement of financial activities IGain)Aoss on disposal of tangible fixed assets Amortisalion and impairment of Intangible assets Depreciation and impairment of tangible fixed assets (11.537) (5,029) 376 1,214 87,372 1.746 91,699 Movements in working capital. {Increase}Idecrease in debtors InGreasel{decreasel in creditors Increase in deferred income (97,986) 102.064 61.653 31.347 (39,3031 Cash generated from operations 273,928 226,861 30 Analysis of changes in netfunds At 1 April 2024 Cash IlowsAt 31 March 2025 Cash at bank and in hand 498,569 138.816 637,385 Loans falling due within one year Loans falling due after more than one year Obligations under finance leases (10,000) {16,6671 1121,034) (10,000) 16,6671 181,7041 10,000 39,330 350,868 188,146 539,014