CHARITY COMMISSION
FOR ENGLAND AND WALES
Trustees, Annual Report for the period
From January 2022 Period stsrt date
To December 2022 Perlod end date
Charity name: Valley Dafft)dils
Charlty registration number: 1196510
Objedlves and Acllvllles
SORP
reference
Para 1.17
Summary of the purposes of
the charity as sel out in its
governing document
To provide an inclusive community group for
families of childrenl young people and
adulls wilh D&ALN, which promotes
inclusivity, fun, personal achievement and
family values. Through fun play sessions
and activities.
Summary of the main
activities in relation lo those
purpose$ for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.
Para 1.17
and 1.19
Valley Daffodils run a weekly Saturday Club
aimed al families and a Wednesday Cifcle
of Friends Club for adutts only. Both are
delivered at the YMCA in Bargoed and a
variety of actNlties which rotate and link lo
popularity and interest.
They include
XboxlPS4 Gaming, sensory tent and
aclivilies, dancing, musical instruments,
crafts, toys plus a special activity which will
change weekly such as animal therapy,
bouncy castle, workshops including pottery,
slime, ytsja, circus skills. Kidzfit drumming,
Music Therapy boxing. touch trust lo name
but a few.
A variety of monthty activities are held al
other venues including bowling {also
weekty). swimming, horse therapy, super
tubing. paddle boarding and golf, Indoor
climbing and archery.
Annual events have included day trips to
Folly fami. a Summer Ball, Discos
{Valenline and Halloween), Christmas
paty. Ice Skating at Caerphilly Castle,
Driving Experience and pumpkin carving.
Slatemenl confimiing
whether the trustees have
had regard lo the guidance
issued by the Charity
Commission on public
benefit
Para 1.18
Valw Daffodils provides public benefft as a
charity by providing activities for D&ALN
children and adults throughout the
Caerphilty Borough. Valley Daffodils are
one of a small number of groups that
provide fun and inclusive sessions for
D8ALN with a growing number of users.
This is proving particularly true of the
Wednesday session, Circle of Friends.
Since Covid many day centres and
provisions have not restarted and
Caerphilly Social Services activety promote
Valley Daffodils to their users, clearty
showing the benefft Valley Daffodils
provides lo communty.
Valley Daffodils are a volunteer led
organisalion that relies on the users paying
for sessions but these are often subsidised
by donalions, fundraising and grants.
Valley Daffodils continue lo comply with the
Charity Commission's public benefit
guidance in carrying out ils sessions 8nd
providing a much needed service to
Caerphilty's D&ALN children. adults and
their familles and carers.
Addltlonal Infomiotlon {optlonall
You may choose to include further slalemenls Whe relevant about..
SORP
reference
Policy on gr8nt making
Para 1.38
Policy on scKial investment
including program related
investment
Para 1.38
Contribution made by
volunteers
Para 1.38
other
Achlevements and Perforniance
SORP
reference
At the beginning of 2022 the Saturday Club
averaged 10 to 20 D&ALN weekty users
and this has been consistent throughout
the year. It was soon recognised there
was a demand for an additional session as
CCBC facilities had reduced in the area.
Summary ofthe main
achievements of the charity.
identifying the difference the
charity's work has made to
the circum$lances of its
beneficiaries and any wider
benefits to society as a
whole.
Para 1.20
In May of 2022 the Wednesday Circle of
Friends began, which has meant an
additional 30 adult D&ALN users are now
being ached on a weekly basis and a
much greater public benefrt provided.
Key achlevements include securing £10k
lottery funding to provide swimming
lessons. Further fundraising and donations
allowed a Summer Ball and parties al
V8lenline, Easter. Halloween and
Christmas to be either free or heavity
subsKlised.
The Volunteers have remalned farthful and
consistent which has allowed the group lo
have continuity and grow relationships with
each other and the users.
Addltlonal Informatlon {oplional)
You may choose to include further statements where relevant about..
Valley Daffodils first achievement was to
attain Charity status at the end of 2021 so
that Ihe organisation can Continue to grow
and access funding.
Achievements against
objectives set
Para 1.41
Other objecltves achieved wa$ to grow a
Strong community group which is evidenl in
the Saturday Club and Wednesday Circle
of Friends group. Where we deliver fun
sessions and events for our users. Vvhere
we recognise that each individual has their
own identity. needs, wishes, choices,
beliets and values and can have a sense of
well-being throughout Ihe actNlties. Valley
Daffodils recognise Ihe value of life
eXperIenS and continually bring new
experiences to the sessions and
encourage each individual to be involved
and participate.
Throughout the year Valley Daffodils have
Involved individuals and their carers, in the
development of our service.
Valley Daffodils financial objective was lo
be self-funding for the sessions pro¥ed.
Performance of fundraising
activrties against objectives
This is not always wssible and funding
was sort from a number ofgrant
or9anisation and received £11.540.00 of
unrestricted grants which were for art and
crafts. workshops, hire cosl, gaming and
equipment. Lottery funding of £10,000.00
was attained and feslricted for swimming
lessons onty.
Para 1.41
Volunteer fundraising amounted lo £8303.7
which was done through a lady running
marathon and various raffles, scratch cards
and bucket collections. Donations were
received tolalty £1933.97.
Investment performance
against objectives
Para 1.41
Other
Financial Revlew
Review of the charity's
financial position al the end
of the period
Para 1.21
YE 2022
Gross income for the year 54.963
Total expenditure for the year 35.494
Net sutplus for the year 19.469
Detailed Statement of Financial Activities
has been uploaded.
NIA
Statement explaining the
policy for holding reseNes
slating why they are held
Amount of reserves held
Reasons for holding zero
reserves
Details of fund materialty in
deficrt
Explanalion of any
uncertainties about the
charity continuing as a going
concern
Para 1.22
Para 1.22
Para 1.22
NIA
Not deemed necessary by the Charity
Trustees, as sessions are self-funding
Para 1.24
Para 1.23
No uncertainties
Addltlonal Informatlon (optlonal)
You may choose to include further slalements where relevant about..
Charging for Sessions, fundraising and
donations from the general public and
members. Granls also received during
period.
The charty's prlnclpal
sources of funds {including
any fundraising)
Para 1.47
Not applicable.
Investment policy and
objectives including any
social investment policy
adopted
Para 1.46
Nol applipAble.
A descrlplion of the principal
risks facing the charity
Para 1.46
Other
Structure, Govomance and Management
Description of charity's
trusts=
Type of governing document
Itrusl deed. royal chailerl
How is Ihe charity
consliluled?
le.g unincorporated
association, CIO
Trustee sele¢lion methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
Para 1.25
Valley Daffodils is govemed by its
constr(ulion documents
Valley Daffodils is a Charitabte
In¢0[Fated Organisation {ClOI.
Para 1.25
Para 1.25
The trustees as a whole would appoint any
new Injstees, after interviewing in line with
Ihe skills required for the rose and what
they could bring to the charity.
Addillonal Informatlon (optionall
You may choose to include further statements where relevant about..
Valley Daffodils has a document which
serves as an introduction to a new
volunteer or trustee. This outlines our
vision. mission aims and objectlV8s, values
and principals.
Policies and procedures
adopted for the induction
and training of Iruslees
Para 1.51
No
The charity's organisalional
structure and any wider
neork with which the
charity works
Para 1.51
No
Relationship with any
related parties
Para 1.51
Other
Reference and Adrninistrative details
Charity name
Valley Daffodils CIO
Other name the charity uses
Registered charity number
NA
1196510
Charity's principal address
Graig View
93 Penalta Road
Ystrad Mynach
CF82 7 GN
Name$ of the charity trustees who manage the charty
Trusteo name
Date$ acted If not for
whole year
Name of person lor body)
entled to appoint trustee
{if any)
Office (rf any)
Ceri Hooper
Carole Dunleavy
Trina Drummond
Chairperson
Secretary
Treasurer
Sept 2021 to June 2022
Wendy L8haJ
Danielle Hatherall
Trustee
Treasurer
Nov 2022 to dale
10
11
12
13
14
15
16
17
18
19
20
Corporate trustees- names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the chartty
Trustee name
Dates acted If not for
whole year
Funds held as custodian trustees on behalf of others
Description of the assets
held in this capacty
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity's oblects
Details of arrangemenls for
safe custody and
segregalion of such assets
from the charity's own
assets
Additsonal Infomiatlon {optionall
Namos and addrosses of advlsers Ioptlonal Infomiatlon)
Type of
Name
Addre88
advl$&r
Name of chlef executlve or names of senlor stsff membors (Optional infonnation)
Exemptions from disclosurg
Reason for non-disclosure of key personnel details
other optional Inforniation
Declarations
The trustses declare that they have approved the trustees, roport above.
Signed on bohalf of the charity's trustees
Signaturels)
Full nam•l$}
Carole Dunleavy
Secretary
Posltlon leg Secretary.
Chair, etG}
Date
25110123
## **Valley Daffodils**
## **Charity No. 1196510**
**Company No. CE027168**
**Trustees' Report and Unaudited Accounts**
**31 December 2022**
**Valley Daffodils Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 3||
|Independent Examiner's Report||4|
|Statement of Financial Activities||5|
|Summary Income and Expenditure Account||6|
|Balance Sheet||7|
|Notes to the Accounts|8 to|12|
|Detailed Statement of Financial Activities|13 to|14|
Page 1
**Valley Daffodils Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 31 December 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. CE027168**
## **Charity No. 1196510**
## **Registered Office**
93 Penallta Road Ystrad Mynach Hengoed CF82 7GN
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
T. Drummond (Resigned 30 June 2022)
C. Dunleavy
D. Hatherall
C. Hooper W. Lehaj
## **Accountants**
Seamount Accountancy Gryson House The Grove Pontllanfraith NP12 2EQ
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document is to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of children and young people with disabilities and additional learning needs living in Caerphilly and the surrounding areas, and by extension their parents and carers, who have need of such facilities by reason of their youth or disablement in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
Valley Daffodils is a volunteer led group and the main activities undertaken in relation to providing activities to Disabled and Additional Learning Needs (D&ALN) young people and adults. We provide weekly and monthly sessions/events at various locations in Caerphilly to have fun in a safe, caring and inclusive environment. Some of the activities include pottery, music & dance, swimming, paddle boarding, animal therapy and sensory sessions.
Page 2
## **Valley Daffodils Trustees Annual Report**
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
C. Dunleavy Trustee 25 October 2023
Page 3
**Valley Daffodils Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Valley Daffodils**
I report to the charity trustees on my examination of the financial statements of Valley Daffodils for the period ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
A. Hiscock FMAAT Seamount Accountancy Gryson House The Grove Pontllanfraith
NP12 2EQ 25 October 2023
Page 4
**Valley Daffodils Statement of Financial Activities**
## **for the period ended 31 December 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other
5
**Total**
**Expenditure on:**
Raising funds
6
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
25,810
19,113
40|**Restricted**
**funds**
**2022**
**£**
10,000
-
-|**Total funds**
**2022**
**£**
35,810
19,113
40|
|---|---|---|---|
||44,963
304
31,735
3,455|10,000
-
-
-|54,963
304
31,735
3,455|
||35,494
-|-
-|35,494
-|
||9,469
41,353|10,000
-|19,469
41,353|
||50,822|10,000|60,822|
||50,822|10,000|60,822|
||50,822|10,000|60,822|
Page 5
**Valley Daffodils Summary Income and Expenditure Account**
**for the period ended 31 December 2022**
|Income
**Gross income for the period**
Expenditure
**Total expenditure for the period**
Net income before tax for the period
**Net income for the period**|**2022**
**£**
54,963|
|---|---|
||54,963|
||35,494|
||35,494|
||19,469|
||19,469|
Page 6
**Valley Daffodils Balance Sheet**
**at 31 December 2022**
|**at 31 December 2022**|||
|---|---|---|
|**Company No.**
**CE027168**|**Notes**|**2022**|
|||**£**|
|**Current assets**|||
|Cash at bank and in hand||60,822|
|||60,822|
|**Net current assets**||60,822|
|**Total assets less current liabilities**||60,822|
|**Net assets excluding pension asset or liability**||60,822|
|**Total net assets**||60,822|
|**The funds of the charity**|||
|**Restricted funds**|10||
|Restricted income funds||10,000|
|||10,000|
|**Unrestricted funds**|10||
|General funds||50,822|
|||50,822|
|**Reserves**|10||
|**Total funds**||60,822|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the period ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 25 October 2023
And signed on its behalf by:
C. Dunleavy
Trustee
25 October 2023
Page 7
**Valley Daffodils Notes to the Accounts**
## **for the period ended 31 December 2022**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Income**
|**Income**||
|---|---|
|Recognition of|Income is included in the Statement of Financial Activities (SoFA) when the charity|
|income|becomes entitled to, and virtually certain to receive, the income and the amount of|
||the income can be measured with sufficient reliability.|
|Income with related|Where income has related expenditure the income and related expenditure is|
|expenditure|reported gross in the SoFA.|
|Donations and|Voluntary income received by way of grants, donations and gifts is included in the|
|legacies|the SoFA when receivable and only when the Charity has unconditional|
||entitlement to the income.|
|Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the|
|donations and gifts|gift/donation to which it relates.|
|Donated services|These are only included in income (with an equivalent amount in expenditure)|
|and facilities|where the benefit to the Charity is reasonably quantifiable, measurable and|
||material.|
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment income|This is included in the accounts when receivable.|
|Gains/(losses) on|This includes any gain or loss resulting from revaluing investments to market value|
|revaluation of fixed|at the end of the year.|
|assets||
|Gains/(losses) on|This includes any gain or loss on the sale of investments.|
|investment assets||
Page 8
**Valley Daffodils Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
**Valley Daffodils Notes to the Accounts**
## 3 **Income from donations and legacies**
|Fund raising
Grants - Unrestricted
Grants - Restricted
Donations
4
**Income from charitable activities**
Sessions
Events
Refreshments
Memberships
5
**Other income**
6
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Fund raising|**Unrestricted**
**£**
12,107
11,540
-
2,163
25,810|**Restricted**
**£**
-
-
10,000
-
10,000
**Unrestricted**
**£**
14,131
3,692
1,079
211
19,113
**Unrestricted**
**£**
40
40|**Total**
**2022**
**£**
12,107
11,540
10,000
2,163
35,810
**Total**
**2022**
**£**
14,131
3,692
1,079
211
19,113
**Total**
**2022**
**£**
40
40|
|---|---|---|---|
|||||
|||**Unrestricted**
**£**
304
304|**Total**
**2022**
**£**
304
304|
Page 10
**Valley Daffodils Notes to the Accounts**
## 7 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
Sessions
Events
Refreshments
_Governance costs_
8
**Other expenditure**
General administrative costs
9
**Staff costs**
No employee received emoluments in excess
10 **Movement in funds**
**Restricted funds:**
**Restricted income funds:**
Lottery for Circle of Friends
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|of £60,000.
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
10,000
10,000
44,963
54,963|**Unrestricted**
**£**
18,817
11,140
1,778
31,735
**Unrestricted**
**£**
485
468
2,502
3,455
**Resources**
**expended**
**£**|**Total**
**2022**
**£**
18,817
11,140
1,778
31,735
**Total**
**2022**
**£**
485
468
2,502
3,455
**Gross**
**transfers**
**£**
-
-
41,353
41,353|**At 31**
**December**
**2022**
**£**
10,000|
|---|---|---|---|---|
|||-|||
|||-
(35,494)
(35,494)|||
|||||10,000|
|||||50,822|
|||||60,822|
Purposes and restrictions in relation to the funds:
Restricted funds: Lottery for Circle of Friends Arts, crafts and hire etc.
Page 11
**Valley Daffodils Notes to the Accounts**
## 11 **Analysis of net assets between funds**
|11 **Analysis of net assets between funds**|||
|---|---|---|
|Net current assets
12 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
60,822
60,822
**Cash flows**
**£**|**Total**
**£**
60,822|
|||60,822|
|||**At 31**
**December**
**2022**
**£**|
||60,822|60,822|
||60,822
60,822|60,822|
|||60,822|
## 13 **Related party disclosures** _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 12
**Valley Daffodils Detailed Statement of Financial Activities**
## **for the period ended 31 December 2022**
|**Income and endowments from:**
Donations and legacies
Fund raising
Grants - Unrestricted
Grants - Restricted
Donations
Charitable activities
Sessions
Events
Refreshments
Memberships
Other
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Fund raising
**Total of expenditure on raising**
**funds**
Charitable activities
Sessions
Events
Refreshments
**Total of expenditure on charitable**
**activities**
Other expenditure
General administrative costs,
including depreciation and
amortisation|**Unrestricte**
**d funds**
**2022**
**£**
12,107
11,540
-
2,163
25,810
14,131
3,692
1,079
211
19,113
40
40
44,963
304
304
304
18,817
11,140
1,778
31,735
31,735
485
468
953|**Restricted**
**funds**
**2022**
**£**
-
-
10,000
-
10,000
-
-
-
-
-
-
-
10,000
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2022**
**£**
12,107
11,540
10,000
2,163|
|---|---|---|---|
||||35,810|
||||14,131
3,692
1,079
211|
||||19,113|
||||40|
||||40|
||||54,963
304|
||||304|
||||304
18,817
11,140
1,778|
||||31,735|
||||31,735
485
468|
||||953|
|||||
Page 13
## **Valley Daffodils Detailed Statement of Financial Activities**
|**Valley Daffodils**
**Detailed Statement of Financial Activities**||||
|---|---|---|---|
|Equipment repairs and
maintenance
General insurances
Postage and couriers
Stationery and printing
Sundry expenses
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|903
886
10
415
288
2,502
3,455
35,494
-
9,469
41,353
50,822
-
50,822
-
50,822|-
-
-
-
-
-
-
-
-
10,000
-
10,000
-
10,000
-
10,000|903
886
10
415
288|
||||2,502|
||||3,455|
||||35,494
-|
||||19,469
41,353|
||||60,822
-|
||||60,822|
||||-|
||||60,822|
Page 14
## **Valley Daffodils**
## **Charity No. 1196510**
**Company No. CE027168**
**Trustees' Report and Unaudited Accounts**
**31 December 2022**
**Valley Daffodils Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 3||
|Independent Examiner's Report||4|
|Statement of Financial Activities||5|
|Summary Income and Expenditure Account||6|
|Balance Sheet||7|
|Notes to the Accounts|8 to|12|
|Detailed Statement of Financial Activities|13 to|14|
Page 1
**Valley Daffodils Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 31 December 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. CE027168**
## **Charity No. 1196510**
## **Registered Office**
93 Penallta Road Ystrad Mynach Hengoed CF82 7GN
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
T. Drummond (Resigned 30 June 2022)
C. Dunleavy
D. Hatherall
C. Hooper W. Lehaj
## **Accountants**
Seamount Accountancy Gryson House The Grove Pontllanfraith NP12 2EQ
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity as set out in its governing document is to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of children and young people with disabilities and additional learning needs living in Caerphilly and the surrounding areas, and by extension their parents and carers, who have need of such facilities by reason of their youth or disablement in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
Valley Daffodils is a volunteer led group and the main activities undertaken in relation to providing activities to Disabled and Additional Learning Needs (D&ALN) young people and adults. We provide weekly and monthly sessions/events at various locations in Caerphilly to have fun in a safe, caring and inclusive environment. Some of the activities include pottery, music & dance, swimming, paddle boarding, animal therapy and sensory sessions.
Page 2
## **Valley Daffodils Trustees Annual Report**
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
C. Dunleavy Trustee 25 October 2023
Page 3
**Valley Daffodils Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Valley Daffodils**
I report to the charity trustees on my examination of the financial statements of Valley Daffodils for the period ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
A. Hiscock FMAAT Seamount Accountancy Gryson House The Grove Pontllanfraith
NP12 2EQ 25 October 2023
Page 4
**Valley Daffodils Statement of Financial Activities**
## **for the period ended 31 December 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other
5
**Total**
**Expenditure on:**
Raising funds
6
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
25,810
19,113
40|**Restricted**
**funds**
**2022**
**£**
10,000
-
-|**Total funds**
**2022**
**£**
35,810
19,113
40|
|---|---|---|---|
||44,963
304
31,735
3,455|10,000
-
-
-|54,963
304
31,735
3,455|
||35,494
-|-
-|35,494
-|
||9,469
41,353|10,000
-|19,469
41,353|
||50,822|10,000|60,822|
||50,822|10,000|60,822|
||50,822|10,000|60,822|
Page 5
**Valley Daffodils Summary Income and Expenditure Account**
**for the period ended 31 December 2022**
|Income
**Gross income for the period**
Expenditure
**Total expenditure for the period**
Net income before tax for the period
**Net income for the period**|**2022**
**£**
54,963|
|---|---|
||54,963|
||35,494|
||35,494|
||19,469|
||19,469|
Page 6
**Valley Daffodils Balance Sheet**
**at 31 December 2022**
|**at 31 December 2022**|||
|---|---|---|
|**Company No.**
**CE027168**|**Notes**|**2022**|
|||**£**|
|**Current assets**|||
|Cash at bank and in hand||60,822|
|||60,822|
|**Net current assets**||60,822|
|**Total assets less current liabilities**||60,822|
|**Net assets excluding pension asset or liability**||60,822|
|**Total net assets**||60,822|
|**The funds of the charity**|||
|**Restricted funds**|10||
|Restricted income funds||10,000|
|||10,000|
|**Unrestricted funds**|10||
|General funds||50,822|
|||50,822|
|**Reserves**|10||
|**Total funds**||60,822|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the period ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 25 October 2023
And signed on its behalf by:
C. Dunleavy
Trustee
25 October 2023
Page 7
**Valley Daffodils Notes to the Accounts**
## **for the period ended 31 December 2022**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Income**
|**Income**||
|---|---|
|Recognition of|Income is included in the Statement of Financial Activities (SoFA) when the charity|
|income|becomes entitled to, and virtually certain to receive, the income and the amount of|
||the income can be measured with sufficient reliability.|
|Income with related|Where income has related expenditure the income and related expenditure is|
|expenditure|reported gross in the SoFA.|
|Donations and|Voluntary income received by way of grants, donations and gifts is included in the|
|legacies|the SoFA when receivable and only when the Charity has unconditional|
||entitlement to the income.|
|Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the|
|donations and gifts|gift/donation to which it relates.|
|Donated services|These are only included in income (with an equivalent amount in expenditure)|
|and facilities|where the benefit to the Charity is reasonably quantifiable, measurable and|
||material.|
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment income|This is included in the accounts when receivable.|
|Gains/(losses) on|This includes any gain or loss resulting from revaluing investments to market value|
|revaluation of fixed|at the end of the year.|
|assets||
|Gains/(losses) on|This includes any gain or loss on the sale of investments.|
|investment assets||
Page 8
**Valley Daffodils Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
**Valley Daffodils Notes to the Accounts**
## 3 **Income from donations and legacies**
|Fund raising
Grants - Unrestricted
Grants - Restricted
Donations
4
**Income from charitable activities**
Sessions
Events
Refreshments
Memberships
5
**Other income**
6
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Fund raising|**Unrestricted**
**£**
12,107
11,540
-
2,163
25,810|**Restricted**
**£**
-
-
10,000
-
10,000
**Unrestricted**
**£**
14,131
3,692
1,079
211
19,113
**Unrestricted**
**£**
40
40|**Total**
**2022**
**£**
12,107
11,540
10,000
2,163
35,810
**Total**
**2022**
**£**
14,131
3,692
1,079
211
19,113
**Total**
**2022**
**£**
40
40|
|---|---|---|---|
|||||
|||**Unrestricted**
**£**
304
304|**Total**
**2022**
**£**
304
304|
Page 10
**Valley Daffodils Notes to the Accounts**
## 7 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
Sessions
Events
Refreshments
_Governance costs_
8
**Other expenditure**
General administrative costs
9
**Staff costs**
No employee received emoluments in excess
10 **Movement in funds**
**Restricted funds:**
**Restricted income funds:**
Lottery for Circle of Friends
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**|of £60,000.
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
10,000
10,000
44,963
54,963|**Unrestricted**
**£**
18,817
11,140
1,778
31,735
**Unrestricted**
**£**
485
468
2,502
3,455
**Resources**
**expended**
**£**|**Total**
**2022**
**£**
18,817
11,140
1,778
31,735
**Total**
**2022**
**£**
485
468
2,502
3,455
**Gross**
**transfers**
**£**
-
-
41,353
41,353|**At 31**
**December**
**2022**
**£**
10,000|
|---|---|---|---|---|
|||-|||
|||-
(35,494)
(35,494)|||
|||||10,000|
|||||50,822|
|||||60,822|
Purposes and restrictions in relation to the funds:
Restricted funds: Lottery for Circle of Friends Arts, crafts and hire etc.
Page 11
**Valley Daffodils Notes to the Accounts**
## 11 **Analysis of net assets between funds**
|11 **Analysis of net assets between funds**|||
|---|---|---|
|Net current assets
12 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Unrestricted**
**funds**
**£**
60,822
60,822
**Cash flows**
**£**|**Total**
**£**
60,822|
|||60,822|
|||**At 31**
**December**
**2022**
**£**|
||60,822|60,822|
||60,822
60,822|60,822|
|||60,822|
## 13 **Related party disclosures** _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 12
**Valley Daffodils Detailed Statement of Financial Activities**
## **for the period ended 31 December 2022**
|**Income and endowments from:**
Donations and legacies
Fund raising
Grants - Unrestricted
Grants - Restricted
Donations
Charitable activities
Sessions
Events
Refreshments
Memberships
Other
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Fund raising
**Total of expenditure on raising**
**funds**
Charitable activities
Sessions
Events
Refreshments
**Total of expenditure on charitable**
**activities**
Other expenditure
General administrative costs,
including depreciation and
amortisation|**Unrestricte**
**d funds**
**2022**
**£**
12,107
11,540
-
2,163
25,810
14,131
3,692
1,079
211
19,113
40
40
44,963
304
304
304
18,817
11,140
1,778
31,735
31,735
485
468
953|**Restricted**
**funds**
**2022**
**£**
-
-
10,000
-
10,000
-
-
-
-
-
-
-
10,000
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2022**
**£**
12,107
11,540
10,000
2,163|
|---|---|---|---|
||||35,810|
||||14,131
3,692
1,079
211|
||||19,113|
||||40|
||||40|
||||54,963
304|
||||304|
||||304
18,817
11,140
1,778|
||||31,735|
||||31,735
485
468|
||||953|
|||||
Page 13
## **Valley Daffodils Detailed Statement of Financial Activities**
|**Valley Daffodils**
**Detailed Statement of Financial Activities**||||
|---|---|---|---|
|Equipment repairs and
maintenance
General insurances
Postage and couriers
Stationery and printing
Sundry expenses
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|903
886
10
415
288
2,502
3,455
35,494
-
9,469
41,353
50,822
-
50,822
-
50,822|-
-
-
-
-
-
-
-
-
10,000
-
10,000
-
10,000
-
10,000|903
886
10
415
288|
||||2,502|
||||3,455|
||||35,494
-|
||||19,469
41,353|
||||60,822
-|
||||60,822|
||||-|
||||60,822|
Page 14