Soar Valley Outreach Annual report 2025 Soar Valley Outreach Annual Report 2025 Soar Valley Outrtath Ststutory Infomktion Re8iStered Address 4 Meadow Road, Mountsorrel. Leics LE12 7HN Trustees Name Mr Tim Jackson Mrs Janet Jackson Rev Graham Dunn Mr Ken Arkley Date a Inted Appointed 30 September 2020 Appointed 30 September 2020 Appointed 30 September 2020 Appointed 11 March 2021 Charlty number 1191548 Banker5 Natwest Irjdependent Exarnino* Ask Accountancy Rothley Road. Mountsorrel Page l of io Soar Valky Outreach Annual Report 2025 Contents Trustees Report Independent Examinerfs Report Statement of Financial ActNities Balance Sheet Notes to the Accounts 9-11 Page 2 of 10 Soar Valley Outr&*h Annual Report 2025 Trustees Report The tntstees present theirannual report and finantial ststements for the year to 31 Deomber 2025. cl￿rf￿bte object The Charity Incorpordted Organi5ation (CIO) is governed by a Foundation Constitution approved on 30th September 2020. This states that the purpose of the CIO ts "For the public benefrt, the alleviation of poverty in le1￿$terShire through provision of a range of seTvices induding but not limited to food provisioni personal support and debt advice." The main activities of the charity aTr the development of church based social and community action especially in the field of Food Projerts providing food parcels and personal support. Also the provision of completely free fa￿ to face money advi￿ to those in debt and budgeting and benefits advi￿. In plannlng the activbties of the CIO the Trustees have considered the Charlty commission, guidance on public benefit. Organlsatlon stmeture and decislon maklng process Soar Valley Outreach Is overseen by the Trustees who met regulaTty during the year. All trustees keep the composition of the board under review and will seek to appoint additlonal members with appropriate ski115 and expertise should the need arise. The trustee board aims to have a broad representation of trustees. The opportunity for new trustees ts advertised across the Soar Valley Outreach netWDrk together with the outline of the type of person required. Generally. trustees will have a knowledge of the settor, or a spectfic skill set, and need to be a Christian. Interested porties are given details of the background of the charity in order to make them aware of current actlvltie& Oblectives and acti¥tUes In order to achieve the Purpose the CIO provldes a rdnge of Servi￿ Soar Valley Community Food Projert The pn)vision of food parcels to thos¢ in Deed across the villaga8 between L¢icester and Loughbon)ugh through a network of 8 c¢lltr¢s. During th¢ year we provided 2.747 food paredg to families through c¢lltr¢3 iti Roth]¢y? BSnta]I, MouotsoTrd, Ba￿ow. Sileby, Syston, Thurnwton and Anstey. Thi8 w&s a 130/• rqluction on last year which r¢fie¢ts the support given by the Financial Coacb and aIso a slight easing in family budgets. As well as providing the food parcels each centre encourages thos¢ being supportcd to have a cbat over a hot drink to understand how else we can help them. This illcludes sign ￿stIng to other 8¢rvi(xs that are available locally. We have a team of18 volunteers who sort and cbeck the food, store IL pick aDd distribute food parcels. We receive donations of food and money from a wide range of sources. We estimat¢ that the value of the food we have wen out ts around £1 l 0,000. Page 3 of 10 Soar Valley Outre Annual Report 2025 Soar Valley Community Money Advlce The provision of debt advice to those who need help through our 2 debt advisors. DurAng the period we started working with 27 new clicnts with total debts of £461.0(K). In addition we continued wotking with 14 clifflts from prevlous years. Of these p￿pIe 18 CoMpl¢t￿ a dd)t relief order. 13 are on repaytnent pla￿8, 2 cle￿] their debt4 6 ar¢ w0￿1ng towants a solution and 2 have diwgaged. We continued to rec¢ived funding to employ the Financial Coacb for 3 days per weeL Th¢y have Work￿ with around 130 people SUPWting them with benefits advice. beDefits forn]s. supplier quffles, budgeting and other issu&s as they 8roso The resFK)nse from those who have received the help l]as been very p)siuv¢. Other During the period we received fimdingto provid¢ quarterly g&elwtric top ups to Sllp￿rt those struggling with their bill& FAnYdnce report The total incomc in the w&8 £58J09 (2024: £51.120). We are very gratefi￿ for tlle many indimduals who SUp￿rt the by reguJar giving or one off donarions. We are also grateful for the grdnts received from mounts￿ Cotrununity Support Fund and t£icesterskn County Council Household SUp￿t Fund and Shire Grant. We also received £4.157 from thc Birthll Fc*)d Hub following the Closu￿ of their bank accounL The totsl expcDses in the pctiod were £49.054 covtting s*￿rAt$. focxl equipment. cliety sopport debt advice costs and iLsurance. This gave a d¢ficit of £9.255 in the year Cumulatively th￿ resulted in an unrestiiLt¢d Su￿]￿8 of £32.966 and a restiithj surplus of £9,535 tbat was CaTried foTwar& Investment poli The Tn￿tee$. havxng regard for the liquidity re1wir￿ of the cFwity and to the Teserves Fx)licy. b&v¢ kept all a￿LIabl¢fi￿{ts in a bank curreni account with itistant to all fiuuls at any time. Reseryes policy The Tn]8tets have established a trserves policy, and are satisfied that they have sufficient reserves at the Balance Sheet date (31 December 2025), together with ongoing income anticipated. to enable the ¢Jwity to fimaion eff￿liVelY in tbe coming year. The reserves w)Jicy statr* that th¢ charity ain)s to bave sufficicnt fmds aVaL￿ble to cover at least 3 months of opetations. Any expendtture that would reduce the reser￿ this lev¢l, evell temporarily. is subject to agreanent from the Trust¢¢s together with an plan to add￿ any deficiL Tots] bank balances at 31 December 2025 were £42531. Plans for the future The Charity Pla￿ to wntinu¢ the activities outlined alM)ve In the forthcoming year. Page 4 of io Soar Valley Outreach Annual Report Z025 Wbell planning oor aLtivitics for 2026. the trustrts have corL8iderd the Charity Commi￿0￿,$ gU1(kn￿¢ OD public benefiL Statement of risks Thetrustees collfiTm that theyhav¢ given ¢oDs1￿li0ll to th¢ ￿￿]0T iisks to w]Jioh tbe chatity IS exposol and th* systems have Eeen d￿1g￿l and establislml to mitigate those risks. Trn5tee responslbilltieg for the fiDAnei41 ststements Charity law requirGs the TnJst¢¢s of the clwity to prqwe statements of accoullt for each financial year which give a trn¢ and fair view of the state of affairs of the chority and of its in¢(rning res0]tr￿ arÈd applicab.on of resou￿ fortbat Perio￿ kn sreparing t1￿ financial State￿￿￿. the ￿￿teeS are required ro: Selea suitsble accounting policies and apptythem corLSiSt¢ntly; M&ke judgements and estimates tbat trasonable and pThilenL' Prepare the financial statements In acCordaft￿ with the methods and principles set out in the Statement of Recommended Practice Accounting and Reporting by Charitie5 and to state whether or not the accounts have been prepared in accordan￿ with that statement and applicable accounting standards: Prepare the financial statements on the goin8 concem basis unless It is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charitys transactions and to dtsclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that any statements of account comply with the requirements of the Charities Act 2011. They are also ￿SpOnsIble forsafeguarding the a55ets of the charity and taking reasonable steps fr)r the prevention and deteCt￿)n of froud and other irregularities. Signed on behalf of the tn*ees Rev Graham Dunn rim Jackson 7d712026 Page 5 of io Soaw Valley Outreach Annual Report 2025 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF SOAR VALLEY OLrrREACH I report on the accounts forthe year ended 31 December 2025, whkh are set out on pages 8 to 14. Respertl¥e respon5iblltties of trustees and examlner The charity's trustee5 are responsible forthe preparation of the atcounts. The charivs trustees consider that an audlt Is not required for this year under 5ertion 144 of the Charitles Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibillty to.. ' examine the accounts under section 145 of the Charities Act. . follow the procedures laid down In the general DirectSon$ 8lven by the Charity Commlsslon (under sectlon 14515llbl of the Charities Art and ' State whether partlcular matters have come to My attentlon. Basls of Independent examlnerfs re My examlnatlon was carrled out in accordan￿ with general Dlrectlons grven ty the Chartty Commisslon. An examlnation Includes a review of the ac¢ountln8 records kept by the charlty and a comparlson of the accounts presented with t￿se records. It also includes consideration of any unusual Items or disclosures In the accounts, and seeking explanation5 from the trustees concernln8 any such matters. The procedures undertaken do not provide all the eVIden￿ that would be requlred In an athJ5t. and consequently no opinion is 8lven as to whether the accounts present a "true and falv, view and the report is limlted to those matters set out In the statement below. Independent examlnerfs ststement In connettlon wlth my e￿MInatIon, no matter has come to my attentlon: lal which glves me rÈasonable cause to believe that In any materlal respert the requlrements: . to keep accountln8 ￿CordS in accordance with sectlon 130 of the Charities A¢. . to prepare accounts which accord with the actountln8 records and compty wlth the accountlng requlrements of the Charitles Act have not been met: or Ib) to which, in my opinion, attention should be dravrn In order to enable a proper understanding of the accounts to be reached. A•k Accountancy Llmited 154 Rothley Road Mountsorrel Leicestershire LE12 7JX Tel: 0116 235 2244 ask@askaccountancy.co.u Page 6 of 10 Soar Valley Outreach Annual Report 2025 srATEMENT OF FINANCIAL ACrnIITrES FOR THE PERIOD ENDED 315t DECEMBER 20Z5 Total 2025 Total 2024 Note General Restritted IncomSng resources Voluntary Income Donatrons Interest 31.546 610 26.153 57,699 610 51,652 Totsl incomlng resources 31156 26.153 58,309 51120 Resources expended Charitable activities Charitsble activities 25,728 23,327 49.055 58,814 Total re*urces expended 13.327 49,055 58.814 Net Incoming resources for the year 2W6 9,254 16,694) Reserves brou8ht forward at 31st December 2024 26,568 6,709 33,277 39,971 Resernes carrled forward at 31st December 2025 9,535 42￿31 33,277 Page 7 of 10 Soar Valley Outreach Annual Report 2025 BALANCE SHEEr AS AT 31st DECEMBER 2025 31 December 2025 31 December 2024 Note Current assets Cash at bank 42531 33.277 42,531 33,277 Funds Unrestricted Restr¢rted 32,996 9,535 26,568 6,709 42,531 33.277 Rev Graham Dunn Date Tim Jackson Page 8 of Soar Valley Outrea¢h Annual Report 2￿5 NOTES TO THE ACCOUNTS FOR THEPERIOD ENDED 31st DECEMBER 2025 Accounting pollcles la Basls of preparation The accounts have teen prepared under historical cost convention. The accounts are prepared in accordance with the Accounting Regulation5 set out under the CharEt￿S Act 2011, and with the Charities Statement of Recommended Practice 21￿>5. 2 Donatior Totsl 2025 Totsl 2024 General Restricted Donations from individuals Grants and donation5 from organisations 20,737 10.809 20.737 36,962 21.304 30,348 26,153 31y6 26,153 57.699 51,652 3 Charftable artivltles Total 2025 Total 2024 General Restrirted Salary & National Insuran Food purchase5 Client support costs Debt advKe costs Warm Hub5 rr& equipment Premlses cost Insurance Other expenses 2,570 18,361 14,302 7.332 1,590 16,872 25.692 1.590 1.596 16,068 28,987 6,773 1.388 1,510 1.243 1,5tNJ 412 933 L596 170 1,520 423 170 1.520 423 1,191 103 Total 25,728 23.327 49,055 58,814 4 Employees and Trustees The Charity employs one part time Financlal Coach. None of the Trustees receNed any remunerétton during the period. Page 9 of 10 "Soar Valley Outrea¢h Anhual Report 2025 5 Surnmary of reserves held Total 2025 Total 2024 General Restricted General reserve Client support Financial Coath LCC Household support FUVKI 32,996 32.996 264 5.575 3.696 26.568 264 2,828 3,617 264 5,575 3.696 32.996 9.535 42.531 33.277 aient support- covers fvnds recer¥ed to support specific clients Financial coach- covers a specific grant received to cover the costs of the Flnancial Coach LCC Household 5UPPOrt Fund- cover5 funds received to provide gas/elettric top UP5 and extra food 6 Pensions The Charity Is On employer partiapating in a pension scheme known as the Nest Pension Scheme l.the schem￿1. The cost in the year was £491 (2024: £4681. Page 10 of 10