Charity number: 1189928
Values Education for Life CIO
Trustees, Report and Financial Statement
For the period ended 30th November 2024

Values Education for Life CIO
cO￿£￿[S
Page
Contents
Reference and administrative details of the CIO. its Trustees and advisers
Trustee'5 Statement
Trustees, report
Independent examiner's report
Statement of financial actlvltles
io
Balance sheet
li
Statement of cash flows
12
Note5 to the financial statements
13-23
Page I

Values Educatlon for Ufe CIO
Reference and admlnlstratlve detalls of the ao. its Trustees and advisers
For the period ended 30 November 2024
Trustees
Mr D Rowse, Chair (appointed 12 June 20201
Mrj Eyre (appointed 12 June 2020)
Miss C. Downes (appointed 12th June 2020, resigned 1st September 2024)
Mrs C. Everitt (appointed 7th November 2023 1
Mrs M Balding {appointed 24th September 2024 1
Charlty re8lstered
number
1189928
Prlnclpal offlce
5 Brayford Square
London
EI OSG
Independent Examlner
Bankers
HSBC pl¢
34 Poplar Road
Solihull
West Midlands
B913AF
Sollcftors
Lodders Solicitors LLP
Number 10 Elm Court
Arden Street
Stratford upon Avon
Warwickshire
CV37 6PA
Chartered Bulldlng Surveyors
Helme and Partners Ltd
3 Berry Close
Great Bowden
Market Harborough
LE16 7ES
Page 2

Values Education for Life CIO
Report of the Trustees
For the period ended 30 November Z024
The Trustees present their statement for the period.
Legacy Issues:
111 Keresley College..
The situation regarding the position of the Charlty In relation to the Dilapidation Report received from Warwickshlre
County Council, along With the suggestionnthat the Charity was expected to hand over a minimum of £59,240 to put the
building back into the condition that the authority required has still not been resolved. As stated In last year's report,
our suNeyors had responded to WCC'S Le831 Services in August 2023. They receNed an aknowled8ement of their letter
by return, but since then there has been no further communication.
The Trustees are extremely puzzled over this lack of communication. Their position has always been that any
refurbishment that they are responsible for they would pay. They consulted with the surveyors regarding their
responsibilities and expected to ne8Otiate with the authorlty to come up with a mutually acceptable flgure. The failu
of wcc to respond has left the Trustees in a difficult position. According to the lease, the liability for any dllapidations Is
legally enforceable for up to twenty year5. This means that the Charity has to keep sufficient funds available for that
len8th of time or until the authority chooses to chase for payment if earlier. This reduces the funds available to the
charity for its work and makes it difficult to ralse other funds through grant giving charities.
The Trustees are considering their position and how to resolve the issue to the mutual benefit of all. We await a
response from the authorlty.
121 Buildin8 Better Opportunlties-
All financlal records relatin8 to this project have to be kept until 2035 as it was part funded by the European Social Fund.
At present the records are in safe storage and can be produced whenever they are required.
131 WPCC: Success for All:
This project. which started in April 2023 finally closed officially at the end of March 2024 when the allocated funds ran
out. It addressed the the needs of young people identified as being at high risk of educational and soclal exclusion as a
result of anti social behaviour and involvement in 8an8s, leading to criminal activity, including acts of crlmlnal or
domestlc vlolence. This targeted progam and activities are aimed at diverting Child￿ft and yOUDg people away from
crime and anti-social behaviour with an emphasis on reducin8 and preventing knife and other violent crime. It also
worked to reduce substance abuse of all kinds and the detrimental effect that this has on their local community,
together with intervention to reduce offending and reoflendin8.
Following the ending of this project, the Charity continued to support the work being done in this area of Nuneaton
chosen for the project, whilst attempting to raise additional funding to further the work. Unfortunately, the fundraising
was unsucce55ful, and the paid part-time worker was su¢ce$5ful in obtaining a full-time job. Consequently, this Project
had to close at the end of Ottober, seven months after the WPCC funding had ended.
Page 3

Values Educatlon for Llfe CIO
Report of the Trustees
For the perlod ended 30 November 2024
General Conslderatlons for the future:
The Trustee5 have already recogni5ed thot future developments may be inhibited by the lack of a central support team
for the Charity. During the course of the year the Trustees have considered this problem and are endeavouring to put in
place the necessary funding to alleviate this situation. They are also aware that much of the delivery of its programmes
and the management of them ha5 been undertaken by two of the Trustees. It is planned that in the future theses areas
wlll be conducted by others and that the Trustees will only be concerned with setting the framework within which the
Charity wlll operate, and then monitoring those artrvities. The delivery and management of its activities will be
undertaken by employees. It is further recognised that the knowledge and experience gained by the Charity durlng Its
over thirty years of successful work with socially dI￿dVantaged and disengaged young people needs to be promoted far
more widely for the benefit of society in general. Opportunities to do this will be investigated and Whe￿ p055ible
Implemented when funding is available.
D Rowse- Trustee
Date..
Page 4

Values Education for Llfe CIO
Report of the Trustees
For the perlod ended 30 November 2024
The Trustees present thelr annual report together with the financial ststements of the CIO for the period to 30
November 2023.
Objertlves and actMtk5
a. Policles and objectives
The advancement of education of young people under 25 through the provision of personal. social, moral and health
education and the publication of the useful results of research into the same so as to enable them to develop to their
full capacity a5 individuals and members of Society.
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance published
by the Charity Commlssion relatin8 to public benefit, including the 8uidance 'Public benefit.. runnin8 a chaflty IPB21'.
b. Strategles for achlevlng objectlves
The CIO ran a school for young people at risk of excluslon from main stream education until the end of July 2022. It also
continues to deliver the 'BBO Progress, projert which will finally come to an end in March 2023.
It also intends to..
al maintain the current 'Helping Hands, projert based In Camp Hlll Nuneaton
bl develop the'success for All, project
c. Actlvttles undertaken to a¢hleve objertlves
i. Helping Hands projert- a project almed at young people between the ages of 12 and 18. offering them the
opportunity to re8ain thelr self*steem and sense of personal responslbilrty within a social and educational context.
li. Success For All - a project almed at understandlng the speafic theory and good prartlce whlch underplns the
educational interventlon pro8ramme run by the charity.
iii. B80 Progress project- a project aimed at SUPPOrting young people who a￿ NEEf to move forward into education,
trainin8 or employment.
d. Maln actlvltles undertaken to further the a(Ys purpose for the publlc benefft
The Trustees of the CIO are awa￿ of the Charity Commission's guldance on public benefit and this now f0rn1S Part of the
Induction Pack for new Trustees.
The Public Benefit provided by the CIO include..
-the education of young people
The beneficiaries are all members of the public and local community. Further details can be found in the activities
undertaken to achieve objectives sertion of the Trustees report.
Achlevements and perfomHnce
a. Revlew of actlvities
See the Trustee's Statement on pages 3 and 4 for a review of the yearfs activities.
Page 5

Values Educatlon for Llfe CIO
Report of the Trustees
For the perlod ended 30 November 2024
Financial Review
a. Goln8 concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the CIO has adequate resources to
continue In operational existence for the foreseeable future. For this reason, they continue to adopt the going concern
basis in preparing financial statements.
b. Reserve pollcv
All non restritted funds which are received by the CIO are spent on the projects that the CIO is undertaking,. any left at
the end of the financial year are carried forward for use in the new financial year. All restricted funds are used on the
projects that the funds were obtained for. Again where a project is running over more thon one financial year, these
funds are carried over into the new flnancial year.
The Trustees have declared the balance of the money recelved from the sale of Colle8e House as a restricted a55et, the
income from whlch will be used to support the projects that we are running and also to extend the work that we are
currently doing.
The Trustees have examlned the CIO'S requirements for reser¥es in the light of the main risks to the organisatlon. It Is
the Trustee's poliry to maintain sufficient reserves to finance the day to day running of the CIO for a perlod of
approximately 12 months. The unrestricted reserves of the CIO at 30 November 2023 amounted to £89,313 and will be
sufflclent to support the CIO in the immedlate future.
The Trustees have revievftd the major intemal and external rlsks to whkh the CIO Is exposed and systems have been
established to mitigate those rtsks. These procedures are periodically reviewed to ensure that they still meet the needs
of the CIO.
¢. Materlal Inv•stm•nts polky
The Investment portfolio is managed on a dixretionary basis in line with the Trustee Ethical Policy statements. The
value of the investment portfolio at 30 November 2023 was £75,027. The perforniance of the funds is monitored on a
gular basis.
d. Flnanclal rlsk management objectlves and pollcles
Cashflow rlsk
The CIO'S activities expose It prlmarily to the financial risks of changes in interest rates.
Credlt rlsk
The CIO'S prlncipal financlal assets are bank balances and cash. trade and other recelvables, and investments. The CIO'S
redit risk is primarily attributsble to its trade receivables. The amounts presented in the balance sheet are net of
allowances for doubtful receivable5. An allowance for impairment is made where there is an identified loss event which,
based on previous experience. 15 evidence of a redurtion in the recoverability of the cash flows. The credit risk on liquid
funds is limited because the cour¢terparties are banks with high credit-ratings assigned by international credit-rating
agencies. The CIO has no signtficant concentration of credrt risk. with exposure spread over a large number of
Page 6

Values Education for Life CIO
Report of the Trustees
For the period ended 30 November 2024
counterparties and customers.
Llquldlty rlsk
In order to maintain liquidty to ensure that sufficient funds are available for ongoing operations and future
developments, the CIO uses a mixture of lon8-term bank accounts and investments. Further details regarding liquldlty
risk can be found in the statement of accountin8 policies in the financial statements.
e. Flnancial overview
As stated last year, the Sncome of the Charlty has reduced substantially due to the forted closure of Keresley College. At
the start of the financial year the assets of the Charlty amounted to £122.442, consisting of £75,027 in fixed assets
(investments wlthin the Hargreaves Lansdown Fund and Share Account) and £47.415 in current assets (cash In the bank),
From these amounts £59.735 has to be set aside to cover the amount due to Creditors. the bulk of which1£59,2401 has
been identifled by WCC as due to cover dilapidations to the building used when runnlng Kerseley College. We also have
to take account of the sum of £5.593 whlch was due from Debtors to the Charity. This left the Charity with a net total of
£68,262 at the stsrt of the financial year to support its work.
During the course of the year. the CIO received £1.397 in unrestricted Income from donations and interest on the cash
held in our accounts. Despite the efforts of th appointed fundraSser. over the period of thelr engagement no additional
funds were obtained. Consequently. over the year our expenditure {£22.4531 far exceeded our income. Of the
expenditure, the Success for all project expenditure amounted to £6,937. The remaining expenditure, £15,516 was split
between the continuation of the project funded by the Charity1£5,7461 and the Charity's running c05ts1£9,7701.
This years excess of expenditure over income {£21,0561 was taken from the reserves, which at the end of the year,
taking into account the Creditors and Debtors. stood at £76,325. a reduction of £12,988 trom the previous year.
The Trustees are considering how best to address the problem of 8eneratin8 additional unrestricted income to cover its
fixed annual costs as well as improving the financial position ot the charity to enable it to maintain and develop its work
with the beneficiaries that it aims to help and support.
Stnlcturei governance and management
a. Constltudon
Values Education for Life CIO is a registered charlty. number 1189928, and is constituted under the CIO Foundation, date
12 June 2020
Page 7

Values Educatlon for Llfe CIO
Report of the Trurtees
For the perlod ended 30 November 2024
Strn(￿reffl governance and management (contlnued)
b. Methods of appolntment or election of Trustees
The management of the CIO is the responsibility of the Trustees who are elected and ¢o-OPted under the terms of the
cio foundation.
c. Or8anlsatlonal structure and decislon4nakln8 polkles
Detsils of the CIO. Its Trustees and advisors for the year ended 30 November 2023 can be found on pa8e 2.
d. Pollcles adopted for the Inductlon and tralnln8 of Trustees
New Trustees under80 a briefin8 on their le8al obli8ations under chartty law. the content of the constitution, the
decision making processes, and recent financial performance of the CIO. The new Trustees also meet other Trustees.
Trustees are encouraged to attend appropriate external trainin8 events where these will facilitate the undertaking of
their role.
e. Flnanclal rfsk management
The Trustees have assessed the major risks to whlch the CIO is exposed, in partlcular those related to the operations and
finances of the CIO, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Statement of Trustee￿ vesponslbllltles
The Trustee5 are responsible for preparing the Trustees, report and the financial statements in accordance wlth
applicable law and the United Kin8dom Accountin8 Standards {United Kingdom Generally Accepted Accounting
Practice).
The law appllcable to charities in England and Wales ￿qUireS the Trustees to prepare financial statements for each
flnanclal period whlch give a true and fair view of the state of affalrs of the CIO and of its incomin8 resources and
application of resources. including its income and expenditure. for that period. In preparin8 these financial statements.
the Trustees are required to..
Select suitable accounting pollcies and then apply them consistently;
Observe the method5 and principles of the charities SORP IFRS 1021.
Make judgements and accounting estimates that are reasonable and prudent:
State whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures
disc105ed and explained in the flnancial statements;
Prepare the financial statements on the golng concern basis unle55 it is inapproprlate to presume that the CIO will
continue in business.
The Trustees are responslble for keeping adequate accounling records that are sufficient to show and explain the CIO'S
transactions and disclose with reasonable accuracy at any time the financial POSFtion of the CIO and enable them to
ensure that the financial statements comply wrth the Charities Act 2011. the Charity {Accounts and Reports) Regulations
2008 and the provision5 of the Trust Deed. They are also responsible for safeguarding the assets of the CIO and hence
for taking reasonable step5 for the prevention and detection of fraud and other irregularities.
Approved by order of the memb
rs of the board of Trustees on If and signed on their behalf by:
Mr D Rowse
Trustee
Page 8

Values EduG*ion for Life ao
Independent examlner's report
For the period ended 30 November 2024
Independent examlnees report to the Trustees of Values Education for Life ao I'the Cl¢YI
I report to the charity Trustee5 on my examination of the accounts of the CIO for the period ended 30 November 2023.
Responsibilltles and basis of report
As the Trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements
of the Charities Act 20111'the 2011 ACVI.
I report in respect of my examination of the CIO'S accounts carried out under section 145 of the 2011 Act and in carrying
out my examination I have followed the applicable Direction5 given by the Charity Commission under section 14515llbl
of the 2011A¢t.
Independent examlnees 5tstement
Yosjr attention is drawn to the fact that the CIO has prepared the accounts in accordance wlth Accounting and Reporting
by Charities: Statement of Recommendéd Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting
and Reporting by Charitles.. Statement of Recommended Practio issued on l Aprll 2(MJ5 which is ￿ferred to in the
extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the
Generally Accepted Accounting Practice effectNe for reportltvd period5 beginnin8 on or after l January 2015.
I have completed my examination. I confirm that no matters have come to rny attention in connertion with the
examinètlon giving me cause to believe that in any material respect-
l- accounting records were not kept in respect of the CIO as required by section 130 of the 2011 Act; or
2 - the accounts do not accord with those records: or
3 - the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in
the Charities (Accounts and Reports) Regulations 2CQ8 other than any requirement that the accounts give a 'true and
fairf view which Is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters In connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the CIO'S Trustees, as a body. in accordance with Part 4 of the Charities IAccounts and
Reports) Regulations 2CKJ8. My work has been undertaken so that I might state to the CIO'S Trustees those matters l am
required to state to them in an Independent examinerf5 report and for no other purpose. To the fullest extent permitted
by law, I do not accept or assume respon5ibiltty to anyone other than the CIO and the CIO'S Trustees as a body. for my
work or for this reF)Ort.
Signed:
Dated..
Page 9

Values Educatlon for Llfe CIO
Statement of Ilnanclal actlvitles
For the perlod ended 30 November 2024
Total
funds Total funds
2024
2023
funds
Restritted
2024 fvnds 2024
Income from:
Donations and legacies
Charitable activities
Investment5
250
21.818
685
217
217
1,180
Totsl Income
1.397
1,397
22,753
Expendltur¢ on:
Charitable activities
IS￿16
6.937
22,453
36,641
Total Expendlture
15516
6,937
22,453
36.641
Net Income ljefore net 8alnsllosses on Investments
Net gainsllosses on investments
14.119
6.937
21,056
.13.890
1,398
Net movement In funds
6,051
6,937
12,988
-12.492
Reconcllllation of funds:
Total funds brought forward
Net movement in funds
162,1
6,051
72,788
6.937
89,313
12,988
101.805
-12,492
Total fund5 carrfed forward
14
156,050
79,725
76,325
89,313
The notes on pages 13 to 23 fomi part of these financlal statements
Page 10

Values Education for Life ao
Balance sheet
As at 30 November 2024
20Z4
2024
2023
Flxed assets
Investments
li
83,094
75,027
Current assets
Debtors
Cash at bank and in hand
12
5,589
47.415
53,004
5,593
68,466
74,059
Creditors: amounts falling due within one year
Cfeditors: amounts falling due after one year
13
21
533
59,240
59,773
533
59,240
Net ￿rrQftt assets
6.769
Total net assets
£ 76,325
89,313
Charfty funds
Restrlcted funds
Unrestricted funds
14
14
79,725
156,050
-72,788
162,101
Totsl funds
76,325
89,313
The flnanclal statements were approved and authorised for issue by the Trustees on
and signed on their behalf by:
Mr D Rowse
Trustee
Mr J Éyre
Trustee
The notes on pages 13 to 23 form part of these financial statements
Page 11

Values Educatlon for Ufe CIO
Ststement of cash flows from operating artlvltles
For the perlod ended 30 November 2024
2024
202a
Note
Cash flows from operating activitles
Net cash used in operating artivitie5
17
24.266
-23,676
Cash flows from Investlng actlvltles
Dividends. interest and rents from investments
Transfer from Trust Into fixed asset investments
3.214
Net cash used in iTrvestin8 activities
3,214
sh flows from flnancin8 actlvltles
Net cash provlded by Ilnancln8 artlvltles
Change In ¢•5h and a$h equlvalents In the period
Cash and cash equivalent at beginnlng of period
21.052
68,466
-Z3,676
92,142
Cash and cash equlvalents at the end of the perlod
18
47,414
68,466
The notes on pages 13 to 23 fomi part of these financial statements
Page 12

Values Education for Life ao
Notes to the flnanclal statements
For the period ended 30 November 2024
l General Infomiation
Values Education for Life Is a charitable incorporated orBanisation {CIOI registered with the Charity Commission in
England and Wales. The address of the registered office is given on the CIO infonnation page of the financial
statements. The primary objectNe5 of the CIO are set out in the Trustee's report.
2 Accountln8 policies
2.1 Basls of preparation of financial statemènts
The flnancial statements have been prepared in accordance with the Charities SORP IFRS 1021-Accountin8 and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I
January 20191 the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charitles
Act2011.
The financial statements have been prepared to give a 'true and fairf vlew and have departed from the Charlties
(Accounts and Reports) Regulations 2(J)8 only to the extent required to provide a 'true and fairf view. This departure
has involved following the Charities SORP {FRS 1021 published in Ottober 2019 rather than the Accounting and
Reporting by Charities: Statement of Recommended Practice effective from l April 21)J5 which has since been
withdrawn.
Values Education for Llfe meets the deflnltion of a publlc benefit entity under FRS 102. Assets and liabilities are Inltlally
ognised at historical cost or transaction value unless otherwise stated in the relevant accountin8 policy.
2.2 Goln8 concern
After making appropriate enquiries. the Trustees have a reasonable expectatlon that the CIO has adequate resources to
continue in operational existence fof the foreseeable future. For this reason. they continue to adopt the 80in8 concern
basis in preparlng the flnancial statements.
2.3 Income
All income is recognised once the CIO has entitlement to the income, it is probable that the income wlll be received and
the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependant on establishin8 entitlement. the probability of receipt and the
abillty to estimate with sufficient accuracy the amount receivab￿. Evidence of entitlement to a legacy exlsts when the
CIO has sufficient evidence that a gift has been left to them Ithrough knowledge of the existente of a valid will and the
death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims
in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the
amount receivable, which will generally be the expected cash amount to be distributed to the CIO, can be reliably
measured.
Grants are included in the Statement of financial activities on a recelvable basi5. The balance of income received for
specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where
income 15 received in advance of entitlement of receipt. its recognition is deferred and included in creditors as deferred
income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 13

Values Educatlon for Ufe CIO
Notes to the flnanclal statements
For the perlod ended 30 November 2024
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on
completion of Se￿iCe.
2.4 E¥pendlture
Expenditure is reco8nised once there is a legal or constructive obligatlon to transfer economic benefit to a thlrd party. It
is probable that a transfer of economic benefits will be required in settlement and the amount of the obli8ation can be
measured reliably. Expenditure is classified by activty. The costs of each activity are made up of the total of direct costs
and shared costs, including support costs involved in undertaking each activity. Direct costs attrlbLrtable to a single
activity are allocated directly to that actNty. Shared costs which contribute to more than one activity and support costs
which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use
of resources. Central staff costs are allocated on the basis of tirne spent. and deprecbation charges allocated on the
portlon of the assets use.
Expenditure on charitable activities is incurred on directly undertakin8 the activities which further the CIO'S objectives,
as well as any support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the arnount can be measured reliably by the CIO,. this
Is normalfy upon notiflcation of the interest paid or payable by the institutlon wlth whom the funds are deposited.
2.6 Taxatlon
The CIO is considered to pass the tests set out in Paragraph I khedule 6 of the Finance Act 2010 and therefore it meets
the definition of a charitable company for UK corporation tax purposes. Accordingly, the CIO is potentially exempt from
taxatlon in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation
Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such in￿rne or gains are
applied exclusively to charitable purposes.
2.7 Investments
Fixed asset investments are a fonn of financial instrument and are inttially recognised at their transactlon cost and
subsequently measured at fair value at the Balan￿ sheet date, unSess the value cannot be measured reliably In which
case it is measured at cost less impainnent. Investment 8ains and losses, whether reali5ed or unrealised are combined
and presented as Galns/lLossesl on investments. in the Statement of financial activities.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are
valued at the amount prepaid net of any trade dixounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-terni highly liquid investments with a short maturity of three months
or less from the date of acquisttion or opening of the deposit or similar account.
Page 14

Values Education for Life CIO
Notes to the financial ststements
For the period ended 30 November 2024
Accountlng Polkle5 (contlnuedl
2.10 Uabllltles and provisions
Liablllties are recognised when there is an obligation at the Balance sheet date as a result of a past event, it 15 probable
that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated
reliably.
Liabilities are recognlsed at the amount that the CIO anticipates It will pay to settle the debt or the amount it has
received a5 advanced payments for the 8oods or services it must provide.
2.11 Operatlng leases
Rentals paid under operatin8 leases are char8ed to the Ststement of financial activitles on a straight line basis over the
lease term.
Z.IZ Penslons
The CIO operates a defined contributlon pension scheme and the penslon charge represents the amounts payable by the
CIO to the fund in respert of the period.
2.13 Fund actountlng
General funds are unrestricted funds whlch are available to use at the discretlon of the Trustees in furtherance of the
general objertlve5 of the CIO and which have not been designated for other purposes.
Deslgnated funds comprise unrestricted funds that have been set aslde by the Trustees for partlcular purposes. The aim
and use of each designated fund is set out in the notes to the financial ststements.
Restricted funds are funds which are to be used in accordan￿ with spectfic restrictions imposed by dortrors or whlch
have been raised by the CIO for particular purposes. The costs of raising and administering such funds are charged
against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Income from donations and legacies
Unrestrlrted Restrirted
fvnds
funds
2024
2024
Totsl
funds
2024
Total
funds
2023
Donations from Values Education for Life Trust
Donations
Grants
250
21,816
22,066
Page 15

Values EducatSon for Llfe ao
Notes to the flnanclal ststements
For the period ended 30 November 2024
Income from charitsble arti¥it
Restricted
fvnds
2024
Total
funds
2014
Totsl
funds
2023
Educatlon of young people
Investment In¢ome
Unrestrfrted
fvnds
2024
Total
Total
funds
2023
2024
Income from listed investments
Interest receivable
3,214
1,180
4,395
3,214
1,180
4,395
685
685
Analysls of exPendI￿re on charltable actlvttles
Summary by fund type
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total
fvnd$
2024
Total
funds
2023
Education of young people
15516
6,937
22,453
36,641
Anafysls of expendlture by actl¥ltios
Activities
undertaken
dlrectlv
2024
Support
Total
funds
2024
Totsl
funds
2023
2024
Education of young people
12,354
10.099
22.453
36,641
Page 16

Values Education for Life ao
Notes to the financial statements
For the period ended 30 November 2024
Analy5 of expendlture by activitses (contlnued)
Analysls of dlrect costs
Totsl
fitnds
2024
Totsl
funds
20223
Staff costs
Educational costs Isupportl
Training and other staff costs
10.018
81
16,423
252
766
10,099
17,441
Analysls of support costs
Total
fvnds
2024
Total
funds
2023
Repairs and malntenance
Premises
Transport
Communications
Utilities
Professional Fees
Insurance
Bank charges
Other Expenditure
400
5.611
1,563
2,203
635
599
8,471
49
397
8,758
2,599
60
200
19,200
12,354
Independent examlnees remuneratlon
2024
2023
Fees payable to the CIO'S independent examiner for the independent examination
of the CIO'S annual accounts
1,000
Page 17

Values EdU￿tIOn for Llfe ao
Notes to the financial st*ements
For the perlod ended 30 November 2024
Staff Costs
2024
2023
Wa8es and salaries
Social security costs
Pension costs
8.876
13,902
37
9,764
16,423
The average number of persons employed by the CIO durin8 the perlod was as follows:
2024
No.
2023
No.
Staff
No employee recefved remuneration amountin8 to more than £60.000 in either year.
io
Trustees, remuneratlon and expenses
During the period, no Trustee received any remuneratk)n or other beneflt.
During the period ended 30 November 2024. travel expenses totalling £634.65 were ￿1MbUr5ed
to 3 Trustees.12023 -£2011.35)
Page 18

Values Educatlon for Llfe CIO
Notes to the Ilnanclal statements
For the perlod ended 30 November 2024
li
Flxed asset investments
Llsted
Listed
Investments Investments
2024
2023
Market value
At 1st December
Revaluations
75,026
8,068
73,628
1,399
At 30 November
83,094
75,027
Net book value
At 30 November
83,094
75,027
Debtors
2024
2023
Trade debtors
5,589
5,593
13
Credltors
2024
2023
Amounts fallin8 due within oneyeor
Amounts falling due after one year
533
59,240
533
59,240
59,773
59,773
PaRe 19

Va
uesE
ucation
eCIO
Notes to the flnanclal statements
For the perfod ended 30 November 2024
14
Statement of funds- current perlod
Balance at
Balance at
30
Galn$l November
Income Expenditure (Losses)
2024
December
2023
Unrestricted funds
Designated funds
Funds available
162,1
170,169
General fund$
General funds
-19.065
1.397
IS,516
33,184
Total Unrestrlcted funds
143.036
1.397
15,516
136,985
Restrlcted funds
Balance at
Transfers
between
Funds
135
2023
Income Expendlture
Keresley Colle8e
BBO in Coventry and Warwickshire
Youth Endowment Fund
wp&cc
79,725
7.on
6,937
135
72.788
6,937
79,725
Total of funds
70348
1397
22.453
57,260
Page 20

Values Education for Life CIO
Notes to the flnanclal statements
For the period ended 30 November 2024
14
Statement of funds Icontlnued)
Detalls of funds:
Sale of
ro
ert
In 2015 the Value Education for Life Trust sold the property it owned in 8irmingham and after
payment of all due expenses was left with £212,CXY). The Trustees decided that £200,0￿ ot this
money should be allocated for the purchaselrefurbishmentldevelopment of a new 'Safe School,
for the benefit educationally and socially disadvantaged young people within the area it was
operating in. The funds were transferred into the CIO on closure of the Trust.
Kefesle
Colle
Keresley Colle8e was a Safe School operated by the charlty, bringlng education to excluded pupils
aged 13 - 18 in North Warwickshire and Nuneaton and Bedworth. The School wa5 closed In July
2022 due to insufficient numbers to cover the costs of runnin8 the school.
Buildin
Better
ortunities
BB
ent
and Warwl k hire
880 Progress is a project funded by the National Lottery Community Fund and the European
Social Fund as part of the 'Buildin8 Better Opportunltles, pro8ramme.
The project aims to asslst the most marginalised and disengaged young people not in
employment, education or training, or at risk of the same, to move closer to or into employment
by providing targeted and specialist supwrt to individuals in the Coventry and Warwickshire Local
Enterprise Partnership area.
Youth Endowment Fund
Comprised of a grant from the Youth Endowment Fund which allowed 'Success for All. to emplov
three senlor academics to support Its work by extenSNely identifying the Specific theory and good
practice which underpin5 the intervention program which the Chalr deslgned. The unspent funds
of £6,256 were transferred into the CIO on closure of the TrusL
Warwickshire Police and Crime Commissioner
Success for All is a projett funded by the Warwickshire Police and Crime Commissioner whith
addresses the needs of young people who have been identified as being at high risk of education
and social exclusion as a result of anti Social behaviour and involvement in 8an8s, leading to
criminal activity. including acts of Criminal or domestic violence. It is based in Camp Hill in
Nuneaton.

Values Educatlon for Ufe ao
Notes to the flnanclal Statements
For the perfod ended 30 November 2024
15
Summary offunds
Summary of funds- current period
Balance at
Balance at
30
Gainsl November
(Losses}
2024
November
2023
Income Expendlture
Deslgnated funds
General funds
Restricted funds
184,804
22,703
72,788
8.068
192,872
36,822
79,725
1.397
15,516
6,937
89.313
1.397
22,453
8.068
76,325
16
Analysls of net assets between funds
Analysls of net assets between funds. current perlod
Unrestrltted Restrlcted
funds
funds
2024
2024
Total
fund5
2024
Fixed asset investments
Current assets
Creditors due within one year
Credltors due after one year
Total
75,027
87.074
75,027
74,059
-533
-59,240
89,313
13,015
533
59,240
72,788
162.101
17
Re¢onclllatlon of net m¢)vement In funds to net ash flow from opeTrtiry actlvltles
2024
2023
Net income for the period las per Ststement of Financial Activities)
12,988
-12,492
Adjustments for:
Gainslllosse51 on investments
Dividends, interests and rents from investments
Decrease/lincrease) in debtors
Increase in creditors
8,068
3,214
-1,398
4,047
-5,739
Net cash provlded by operating acbvftle5
24,266
-23,676
Page 22

Values Edu&ition for Life CIO
Note5 to the finan¢lal statements
For the perlod ended 30 November 2024
18
Analysls of cash and cash equlvalents
2024
2023
Cash In hand
47.415
68,466
Total cash and cash equivalents
47,415
68,466
19
Penslon wmmltments
The CIO operate5 a defined contribution pension scheme. The assets of the scheme are held
separately from those of the CIO in an Independently administered fund. The pension cost charge
presents contrlbutlons payable by the CIO to the fund and amounted to E887.63 in the perlod.
20
Operatlng lease commltments
At 30 November 2022 the CIO had arranged with WCC the return of the buildin8 to the LEA as It
no longer met the minimum provislon required by WCC. The LEA has submitted a dilapidations
report in which It suggests that the charity is expected to contribute a minlmum of £59,240 to
return the building to the state that the LEA expect. Given the conditions in the lease which was
agreed by both parties. the charity has questioned the figure and placed the matter in the hands
of its professional advisors. This amount has been provided for within the accounts.
21
Related party tran%￿lonS
There were no related party transactions durin8 this financial year.
Page 23