OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Nene Valley Care Trust

2025-10-31-accounts

Nene Valley Care Trust Annual Report and Unaudited Financial Statements for the financial year ended 31 October 2025

ZincBooks 27 Nettle Gap Close Wootton Fields Northampton NN4 6AH GB

Charity Number: 1126779

Nene Valley Care Trust CONTENTS

Page
Trustees’ and Other Information 3
Trustees’ Report 4-6
Statement ofTrustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
NotestotheFinancialStatements 11-15

Nene Valley Care Trust TRUSTEES’ AND OTHER INFORMATION

Trustees

Ms M Wixon (Appointed 4 March 2025) Mr R Munro

Mrs J Kirkbride (Resigned 12 December 2024} Mr S Coe (Resigned 15 September 2025) Mrs F Baker Mrs A Pawar Mr H Anstey

Chairperson

Ms M Wixon

Charity Number in England and Wales

1126779

Principal Address

4 Cricklade Close Northampton Northamptonshire NN3 3HE United Kingdom

Independent Examiner

ZincBooks 27 Nettle Gap Close Wootton Fields Northampton NN4 6AH GB

Nene Valley Care Trust TRUSTEES' REPORT

for the financial year ended 31 October 2025

The trustees present their Trustees’ Report and the unaudited financial statements for the financial year ended 31 October 2025.

The financial statements are prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees' Report contains the information required to be provided in the Trustees’ Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.

In this report the trustees of Nene Valley Care Trust present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 October 2025.

The charity is a registered charity and although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.

Principal Activity

The object of the charity is the relief of and advancement in life of young adults and disadvantaged people who have been in local authority and foster care as minors for at least one year (with or without family ties) upon reaching independence in the Nene Valley.

Mission, Objectives and Strategy

Mission Statement

The object of the charity is the relief of and advancement in life of young adults and disadvantaged people who have been in local authority and foster care as minors for at least one year (with or without family ties) upon reaching independence in the Nene Valley being the county of Northamptonshire, The Unitary Authority of Peterborough and such parts of Cambridgeshire as contains the Nene Valley to help them develop their skills, capacities and capabilities while engaged in education, employment and training, so as to enable them to participate in society as independent, mature and responsible adults by such charitable means as the trustees shall determine.

Structure, Governance and Management

Structure

The Nene Valley Care Trust is registered as a charity with the Charity Commission. The charity is governed by a constitution adopted on 31 October 2008.

Composition of the Board and Board Appointment Process

The Trustees who served during the year and up to the date of signature of the financial statements were:

Mr H Anstey

Mrs J Kirkbride (resigned 4th December 2024) Mrs F Baker Mr S Coe (resigned 15th September 2025) Mrs A Pawar Mr R Munro

Ms M Wixon (appointed 4th March 2025)

New trustees are elected by the existing trustees of the charity with appointments and reappointments being decided on annual basis. Trustees have the power to appoint new trustees on an interim basis until the next AGM.

Committees of the Board and Terms of Reference

New trustees will undertake a brief orientation with some of the existing trustees prior to recommendation for appointment, during which time they will have had the vision and strategy of the charity explained to them. Trustees are encouraged to attend appropriate external training events where these will facilitate the performance of their role.

Review of Achievements and Performance Families FirstPeterborough oo

peeromes 4

Nene Valley Care Trust TRUSTEES’ REPORT

for the financial year ended 31 October 2025

Funding was provided towards the cost associated with employing one part-time youth worker. Their role was to support care experienced young people to engage in other support services, undertake either job searches or training opportunities and complete associated applications, access goodwill parcels and engage in positive activities,

Right Resolution — Northamptonshire

Funding was provided to support three distinct projects:

Discovery Days Youth project was created in partnership with young people after consultation; observations and discussions that care leavers do not have the same opportunities as the general population of young people. Barriers for this included lack of finances, confidence, opportunity, support, and encouragement from a wider network. Discovery Days helps overcome these barriers resulting in positive outcomes for young people i.e. increase their emotional and mental well-being, The project delivery included:

The Circus project provided a huge range of activities that will fit in with the aims of Nene Valley Care Trust. The basis of the project was training in physical skills such as acrobatics, uni-cycling, stilt walking, tight rope walking, hoola-hooping, juggling and clowning. There was also opportunities for performing, making puppets, and performing puppet shows. We have been fortunate that Right Resolution staff member Charlene Whitehead who is a trained circus performer. She has extensive experience in training others as well as working with charitable concerns both at home and abroad.

The food bank project is on-going, It provides essential, regular, reliable, basic foods and necessities for any care leaver residing in Northamptonshire. Referrals for the food parcels are requested by a number of social care professionals i.e. Leaving Care Personal Advisor's and accommodation providers. The food bank has been received positively by social care and has been described as a “lifeline” for many. In the past two years the take up has been increasing, providing more food parcels, and increasing our impact. The demand has increased due to the cost-of-living crisis therefore it is essential that we to continue to provide a food bank which gives our beneficiaries a dependable, regular, weekly contribution towards their basic needs.

Financial Review

The results for the financial year are set out on page 9 and additional notes are provided showing income and expenditure in greater detail.

Results and Dividends

At the end of the financial year the charity has assets of £271,159 (2024 - £252,269) and liabilities of E900 (2024 - £900). The net assets of the charity have increased by £18,890.

Reserves Position and Policy

Reserves Policy

The charity’s Trustees consider that the general unrestricted reserves of £251,369 at 31 October 2025 are sufficient to sustain its operations over the forthcoming year, The Trustees actively monitor the reserves of the charity at regular Trustee meetings and make appropriate arrangements to ensure the charity has adequate resources to continue to operate,

Principal Risks and Uncertainties

The charity’s trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate their exposure to the major risks.

Compliance with Sector-Wide Legislation and Standards

The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Nene Valley Care Trust subscribes to and is compliant with the following: - The Charities SORP (FRS 102)

5

==> picture [357 x 111] intentionally omitted <==

----- Start of picture text -----
Nene Valley Care Trust
TRUSTEES' REPORT
for the financial year ended 31 October 2025
Approved by the Board of Trustees on XA, 3/ A, and signed on its behalf by:
( / ; znro a 3 — FonMrs F Baker alto.
Trustee Trustee
----- End of picture text -----

Nene Valley Care Trust STATEMENT OF TRUSTEES' RESPONSIBILITIES

for the financial year ended 31 October 2025

The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations,

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act 2011.

The trustees confirm that they have complied with the above requirements in preparing the financial statements.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

==> picture [356 x 82] intentionally omitted <==

----- Start of picture text -----
Approved by the Board of Trustees on 4/Z/Zh5) and signed on its behalf by:
——— an os ‘ =
MrR MunroLAR ~ Mrs F Baker
ust e Trustee
----- End of picture text -----

Nene Valley Care Trust INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF NENE VALLEY CARE TRUST

We have examined the financial statements of the charity for the financial year ended 31 October 2025, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

This report is made solely to the charity's members, as a body, in accordance with section 145 of the Charities Act 2011. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. The charity's trustees consider that an audit is not required for this financial year under Section 145 of the Charities Act 2011 and that an independent examination is required.

It is our responsibility to:

Basis of independent examiner's report

Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures In the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect:

We have no concerns and have come across no other matters in connection with the examination to which attention

should be drawn inj report in order to enable a proper understanding of the financial statements to be reached. ZINCB S 27 Nettle Gap Close Wootton Fields Northampton NN4 6AH GBDate: fafa

Nene Valley Care Trust STATEMENT OF FINANCIAL ACTIVITIES

for the financial year ended 31 October 2025

==> picture [432 x 287] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Total|Unrestricted|Total| |Funds|Funds|Funds|Funds| |2025|2025|2024|2024| |Notes|£|£|£|£| |Income| |Donations|and|legacies|3.1|61,101|61,101|96,621|96,621| |Charitable|activities| |-|Grants|from|governments|and|other|co-funders|3.2|-|-|255|255| |Investments|3.3|5,033|§,033|1,755|1,755| |Total|income|66,134|66,134|98,631|98,631| |Expenditure| |Raising|funds|41|15,960|15,960|12,100|12,100| |Charitable|activities|4,2|31,284|31,284|40,782|40,782| |Total|Expenditure|47,244|47,244|52,882|52,882| |Net|income/(expenditure)|18,890|18,890|45,749|45,749| |Transfers|between|funds|-|-|-|-| |Net|movement|in|funds|for|the|financial|year|18,890|18,890|45,749|45,749| |Reconciliation|of funds:| |Total|funds|beginning|of the|year|9|251,369|251,369|205,620|205,620| |Total|funds|at the|end|of the|year|270,259|270,259|251,369|251,369|

----- End of picture text -----

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

Nene Valley Care Trust BALANCE SHEET

as at 31 October 2025

2025 2024
Notes £ £
Current Assets
Cash at bank and in hand 271,159 252,269
Creditors: Amounts falling due within one year 7 (900) (900)
Net CurrentAssets 270,259 251,369
Total Assets less Current Liabilities 270,259 251,369
Funds
General fund (unrestricted) 270,259 251,369
Totalfunds 9 270,259 251,369

==> picture [432 x 114] intentionally omitted <==

----- Start of picture text -----
The financial statements have been prepared in accordance with the provisions applicable to companies subject to
the small companies’ regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK
and Republic of Ireland", applying Section 1A of that Standard.
Approved by the Board of Trustees and authorised for issue on ay 2/Lp and signed on its
behalf by k-—>
TrusteMrR ‘Se asen TrusteeMrs F Baker
----- End of picture text -----

‘The notes onpages 11 to 15 form part of the financial statements

10

for the financial year ended 31 October 2025

Nene Valley Care Trust NOTES TO THE FINANCIAL STATEMENTS

  1. GENERAL INFORMATION

Nene Valley Care Trust is a charity incorporated in the United Kingdom. The registered office of the charity is 4 Cricklade Close, Northampton, Northamptonshire, NN3 3HE, United Kingdom which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.

  1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP,

Statement of compliance

The financial statements of the charity for the financial year ended 31 October 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

Fund accounting

The following are the categories of funds maintained:

Restricted funds Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.

Unrestricted funds

Unrestricted funds consist of General and Designated funds.

Income

Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.

Donations and legacies

Legacies are recognised on receipt or otherwise if the Trust 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 contingent asset,

Income from charitable activities Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.

continued

Nene Valley Care Trust NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

Grants from governments and other co-funders typically include one of the following types of conditions:

-Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement.

In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement.

Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.

Expenditure

Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.

Taxation and deferred taxation

No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the charity's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Financial Instruments

Financia! Instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party 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.

3. INCOME
3.1 DONATIONS AND LEGACIES Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Donationsandlegacies 61,101 - 61,101 96,621

continued

Nene Valley Care Trust NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

3.2 CHARITABLE ACTIVITIES Unrestricted Restricted 2025 2024
Funds Funds
£ £ £ £
Grants from governments and otherco-funders:
Income from charitable activities - - - 255
3.3 INVESTMENTS Unrestricted
Funds		 Restricted
Funds		 2025 2024
£ £ £ £
Investments 5,033 : 5,033 1,755
4, EXPENDITURE
41 RAISING FUNDS Direct Other Support 2025 2024
Costs Costs Costs
£ £ £ £ £
Raising funds - - 15,960 15,960 42,100
These are costs incurred in attracting voluntary income, the management of investments and those incurred
in trading activities that raise funds.
4.2 CHARITABLE ACTIVITIES Direct
Costs
£		 Other
Costs
£		 Support
Costs
£		 2025
£		 2024
£
Expenditure on charitable activites 29,936 - - 29,936 39,432
Governance Costs (Note 4.3) 1,348 . - 1,348 1,350
31,284 - . 31,284 40,782
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
4.3 GOVERNANCECOSTS Direct Other Support 2025 2024
Costs Costs Costs
£ £ £ £ £
Charitable activities - governance 1,348 - - 1,348 1,350
costs

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use, Other support costs are allocated based on the spread of staff costs.

4.4 SUPPORT COSTS Cost of 2025 2024
Raising
Funds
£ £ £
Support 15,960 15,960 12,100

continued

Nene Valley Care Trust NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 October 2025

5. ANALYSIS OF SUPPORT COSTS
2025 2024
£ Le
Support 15,960 12,100
6. INVESTMENTAND OTHER INCOME 2025 2024
£ 4
Bank interest 5,033 1,755
7. CREDITORS 2025 2024
Amounts falling due within one year £ £
Accruals and deferred income 900 900
8. RESERVES
Funds Total
£ £ £
At the beginning ofthe year 45,749 205,620 251,369
Surplus for the financial year 18,890 - 18,890
At the end ofthe year 64,639 205,620 270,259
9. FUNDS
9.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted
Funds		 Total
Funds
£ £
At1November2023
Movement during the financial year		 205,620
45,749		 205,620
45,749
At 31 October 2024 251 ,369 251,369
Movement during the financial year 18,890 18,890
At 31 October2025 270,259 270,259
9.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance Income Expenditure Transfers Balance
1 November between 31 October
2024 funds 2025
£ £ £ £ £
Unrestricted funds
Unrestricted General 251,369 50,174 31,284 - 270,259
Totalfunds 251,369 50,174 31,284 - 270,259

continued

Nene Valley Care Trust

NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 October 2025

9.3 ANALYSIS OF NET ASSETS BY FUND

==> picture [402 x 77] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Current|Current|Total| |assets|liabilities| |£|£|£| |Unrestricted|general|funds|271,159|(900)|270,259| |271,159|(900)|270,259|

----- End of picture text -----

10. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the financial year-end.