Soar Valley Outreach
Annual report 2022

Soar Valley Outreach
Annual Rep(*t 2022
Soar Valley Outreach
Statutory Infomiatlon
R¢8lrtered Address
4 Meadow Road,
Mountsorrel.
Leics
LE12 7HN
TNStees
Name
Mr Tim Jackson
Mrs janetJaCk￿n
RevGraham Dunn
Mr Ken Arkley
Date a
Appointed 30 September 2020
Appointed 30 September 2020
Appolnted 30 September 2020
Appointed 11 March 2021
Bank•rs
Natwest
Indep•nd•nt Examln•r
Ask Accountancy
Rothley Road,
mounts0r￿1
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Soar Valley Outreach
Annual Report 2022
Contents
Trustees Re￿rt
Independent Examlnels Report
Statement of Flnancial ActNities
Balance Sheet
Notes to the Accounts
8-10
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Soar Valley Outreach
An￿￿1 Report 2022
Trustees Report
The trustees present thelr annual re￿rt and Ilnancial statements for the year to 31 December
2022.
Charftsble object
The Charity Incorporated Organlsation ICIOI Is governed by a Foundat5on Constitutlon approved on
30 September 2020. This States that the purpose of the CIO is"For the public beneflt. the
allevlatlon of poverty in Leicestershire through provi51on of a range of services includin8 but not
Ilmited to food provislon, personal support and debt advke."
The maln actlvltles of the charlty are the development of church based soclal and community actlon
especlalty in the field of Food Projects provSdlng food parcels and personal support. Also the
provislon of completely free fao to face money athice to those in debt and bud8etln8 and benefits
dvlce.
In planning the activities of the CIO the Trustee5 have conside￿d the Charlty commlsslon's
guldance on publlc benefft.
Oryanlsatlon stru¢ture and de¢lslon makln8 process
Soar Valley Outreach Is overseen by the Trustees who met regularly durln8 the year.
All trustee5 keep the composStion of the board under review and wlll seek to appolnt addltlonal
members with appropriate skills and expertlse should the need arlse. The trustee board aims to have
a broad representatlon of trustees. The opportunlty for new trustees is advertlsed across the Soar
Valley Outreach network together with the outllne of the type of person required. Generally,
trustees will have a knowledge of the sertor, or a specific skill set. and need to be a Christlan.
Interested parties are 8lven details of the back8round of the charity In order to make them aware of
current activities.
Objertfves and actlvftl•s
In order to achleve the Purpose the ao provides a range of services.
Soar Valley Communlty Food Project
Th¢ provision of food parcels to those in neal across the villages between Leicester and
LA)ughborough througb a network of 8 centres. During the year we provided 3,077 food
parcels to families through centres in Rothley, Birstall, Mountsorrel, Barrow, Sileby, Systo
Thurnwton and Anstey. This was a 380/0 increase on last year. As well &$ providing the food
parcels each centre encourages those being suptx)rted to have a chat over a hot drink to
understand how else we Can help them. This includes sign posting to other services that are
available.
We have a team of18 volunteers who sort and check the store IL pick and distribute
food parcels. W¢ receive donatio￿ of fo(yJ and money from a wide range of sourr£s. We
estimate that the value of the food we have given out is around £95,000.
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Soar Valley Outreach
Annual Report 2022
Soar Valley Community Money Advice
The provision of debt advice to those who need b¢lp through our 3 debt advisorn. During the
period we started working with 29 new clients with total debts of £279.000. In addition we
continued working with I I clients from previous years. Of these wple 19 completed a debt
relief order, 9 ar¢ on repayment plaDS and I cleared their debts.
conTinued to received nmding to employ the Financial cO￿h for 1.5 days per week. They
have worked with around 35 people supporting them with ￿￿efits advice. benefits forn￿.
supplier queries, budgeting and other issues &8 they ar￿3¢. The r¢s￿nSt from those who have
Teceived the help has been very w)sitive.
Other
During the period we re￿IVed funding to provide quarterly gas/electri¢ top ups to support
those struggling with their bills. We have alg) provided I sn￿] grant to help those in ne
In December we received a grant from Leicestershire County Council to support Warni Hubs
in Churches Mountsorrel, Quorn, Sileby and Rothley. These would be warnL welcoming and
safe spaces for people to meeL especially those struggling to heat their homes.
Flnance report
The total income in the year wa5 £57.770 {2021: £46.921).
We ore very grateful for the many indNiduals who support the work by both regular giving or one off
donations. We are also grateful for the grants received from Mountsorrel Community Fund,
Charnwood Borough Council, Leitestershire County Council Household Support Fund. Rotary Club of
Loughborough and Seagrave War Memorial.
The total expenses in the perlod were £48,485 covering salaries, food. equipment. client SUPPOrt.
debt advice costs and insurarKe.
That resulted in an un￿strfCted surplus of £27.376 and a restrirted surplus of £12,230 thot was
carried foThvard.
Investment pollcy
The Trustee5. having regard for the liquidity requirements of the tharity and to the reserves policv,
have kept all available funds in a bank current account with instant acce5S to all funds at any time.
ReseNes poliry
The Trustees have established a reserves ￿licy. and are satisfied that they have suffKient reserves
at the Balance Sheet date131 December 20221. together with ongoin8 income anticipated. to enable
the charity to function effectively in the comin8 year.
The reseNes policy states that the charity aims to have sufficient unrestricted funds available to
cover at least 3 months of operations. Any expenditure that would redu￿ the reserves below this
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Sojrvallry Outre•th
Annual Report 2022
level. even tempoftrlty.ls subiert to agreemerrt from the Trustee5 together with an a8reed plan to
address any defftrt. Total bank balanw at 31 December 2022 were £39.￿.
Plans for the future
The Charlty plans to continue the actIvTti￿ outllr*d above In the forthcomi￿vear.
Vlhen plannlng our attNities for 2023. the trustees have con&dered the Charity Commi5sM?n's
guidance on public benefiL
The trustees confirm that they have considefation to the majorrisks to which the charlty is
exposed and that Systems have been deswed and established to mitigate t￿se risk5.
Charty law requires the trustees of the charityto prepare ststements of account for eath financlal
year which give a true and fair view of the State of affairs of the charlty and of its Incorning resources
and application of resources forthat pernd. In preparinE those financial statements. the trusttrs are
required to:
Select suitable accounting pol#ies and appty them consistentl
Makejudgements and estimates that are reasonable and prudent:
Prepare the flnancial statements in accordance wlth the methods and principles set out in
the Ststement of Recommended Practlce Accounting and Reporting by Charities and to state
whether or not the accounts have been prepared In accordance wlth that Statement and
applicable ac¢ourrting standards.
Prepare the financlal statements on the going Con￿rn basls unless ft Is Inapproprtate to
presume that the charity wryll contlnue in operation.
The trustees are res￿nsible for keeping pmper accountlrvd records which are sufficient to show and
explain the ch3rWs trnnsactlons and to disdose with reasonable accurdcv at any time the financial
rKJsltlon of the charity, and to enable them to ensure that any statements of account cornpty with
requirements of the Charities Act 2011. They are ￿p)nsIble for *uardlng the assets of
the charlty and tsklng reasonable steps for the prerferrtlon and detection of fraud and other
irre8ularitie
Sl8ned ¢)n behalf of the tr￿tee$
RevGraham Dunn
03110(2023
TIM Jackson
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Soar Valley Outreach
Annual Report 2022
INDEPENDENT EXAMINERS REpoKr
TO THE TRUSTEES OF SOAR VALLEY oiJfREACH
I report on the accounts for the year ended 31 December 2022, which are set out on pages 8 to
14.
RopeCtI￿ re5ponslbllitles of trustees and examlner
The charlty's trustees are responsible for the preparation of the accounts. The char5tVs trustees
Consider that an audit is not requlred for this year under settion 144 of the Charities Art 2011
(the Charltles Act) and that an independent examinatK*n is needed. It 15 my responsiblllty to:
' examlne the accounts under sertion 145 of the Charities Att.
. follow the procedures lald down in the general Dirertions given by the Charfty Comm1551on
(under sectlon 14515llbl of the Charities Act, and
. state whether partlcular matters have come to my attentlon.
Basls of Independent •xamlnerfs ye￿rt
My examlnation was carried out in accordance with Beneral Dlrectlons 8lven by the Charlty
Commission. An examlnatlon includes a revlew of the accountin8 records kept by the charity and
a comparison of the accounts presented wlth those records. It also includes conslderatlon of any
unusual items or disclosu￿ in the accounts, and seeking explanations from the trustees
concernlng any such matter5. The procedures undertaken do not provide all the evidence that
would be required in an audit. and consequently no opinion is 8Nen as to whether the accounts
present a 'true and faiff vlew and the report is limited to those matters sel out in the statement
below.
Independent examlnees statement
In Connection with my examination, no matter has come to my attentlon."
lal which glves me reasonable cause to believe that in any material respect the requlrements:
. to keep accountlng records in accordance with section 130 of the Charltles Act:
. to prepare accounts which accord with the accountlng records and comply with the atcountln8
requlrements of the Charities Att have not been met,. or
Ibl to which, in my opinion. attentM?n should be drawn In order to enable a proper
understanding of the accounts to be reached.
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Soar Valley Outreach
Annual Report 2022
STATEMENT OF FINANaAL ACTIVITIES
FOR THE PERIOD ENDED 31st DECEMBER 2022
Totsl
2022
Total
2021
Note
General
Restricted
Incomlng resources
Voluntary Income
Donations
Other income- Transfer from Rothley
Baptist Church
27.410
30.360
57,770
27,918
I9.￿3
Total Incomlng resour¢es
27AIO
30360
57.770
46.921
Resources expended
Charttable actNIt￿S
Charitable actlvrties
24,401
24.084
48,485
16.6LXI
Total resour¢¢s expended
24AOI
24.084
48,485
16.6(Kl
Net In¢0m1￿ resources forthe year
6276
9,285
30321
Reserves brought fopward at 315t December 2021
24.367
5,954
30,321
Reserves caryled forward at 3tst December 2022
27376
IZ230 39.606
30,321
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Soar Valley Ouireath
Annual Reikn 2022
BAIANCE SHÉEr
AS AT31st DECEMBER 2022
31 December
2022
31 December
2021
Note
Current assets
Cash at bank
39.606
30,321
30￿
Funds
Unrestricted
Restrlcted
27.376
12.230
24.367
5,954
30A21
aa
Rev Graham Dunn
Date 93110(2oLs
rim Jackson
Date 031iokb
Page 8 of

Soar Valley Outreach
Annual Report 2022
N¢)TES TO THE ACCOUNTS
FOR THE PERIOD EAIDED31st DECEM8ER2022
A¢countln8 polldes
1.1 Basb of preparation
The accounts have been prepared under the historical cost conventron.
The accounts are prepared in accordance wlth the Accountlng Regulations set out under the Charitles
Act 2011. and wtth the Charities Ststement of Recommended Prartlce 21XJ5.
Z Donatlons
Total
2022
Total
2021
General
Restrlcted
Donations from indNlduals
Grants and donations from or8anlsatSons
24,860
14,466
24.860
31.650
11,029
16,889
30.360
T¢rtal
27AIO
30.360
57.770
27.918
3 Charltable xtlvltles
Total
2022
Totsl
2021
Genernl
Restrfcted
Salary & Natlonal Insurance
Food purchases
Client support costs
Debt advice costs
Warm Hubs
IT & equipment
Premlses cost
Insurance
Other expenses
1,583
17,412
233
1,476
7,696
9,279
23.076
7,753
2,810
1,870
126
4,755
4,726
1,851
1,680
7.520
1.334
1,870
126
1,883
875
465
376
302
1.769
302
1,769
Total
24801
48A85
16,600
4 Employees and Try5tees
The Charlty employs one part tlme Financial Coach.
None of the Trustees ￿eeNed ary remuneration during the period.
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