CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From January 2023 Perlod start date To December 2023 Period end date Charity nam8." Valley Daffodils Charity registration number: 1196510 Objectives and Activities SORP reference Para 1.17 Summary of the purposes of the charity as set out in ils goveming document To provide an inclusive community group for families of childrenl young people and adults with 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 purposes for the public benefit, in particular, the activities, projects or S8rvic8s identified in the accounts. Para 1.17 and 1.19 Valley Daffodils run a fortnighlly Saturday Club aimed at families and a Wednesday Circle of Friends Club for mainly adults. Both are delivered at Ihe Community ¢entre in Llanbrach. Where a variety of activities which rotate and link lo popularity and interest. They inclutje, sensory lent and activities. dancing. musical instruments. afts, toys plus a special activity which will change weekly such as animal therapy, workshops including cookery, lifeskills pottery, slime, yogajkeepfil, Golf, circus skills, Kidzfit, Music Therapy, Bouncy Castle. boxing. multisports, Drama workshop, touch trust to name but a few. A variety of monthly aclivities are held at other venues including bowling (also weekly), swimming, paddle boarding. Annual events have included day trips to Ragland fam, a Summer Ball, Discos {Valentine and Halloween), Christmas party, Lion King, Annie, Charlie and the Chocolate factory and Polar Express. Visited the Christmas Toy mine and had breakfast Santa.
Statement confirming whether the trustees have had regard lo the guidance issued by the Charity Commission on public benefit Para 1.18 Valley Daffodils provides public benefit as a charity by providing activities for D&ALN children and adults throughout the Caerphilly Borough. Valley Daffodils are one of a small number of groups that provide fun and inclusive sessions for D&ALN with a growing number of users. This is proving particulady true of the Wednesday session, Circle of Friends. sin Covid many day ntreS and provisions have not restarted and Caerphilly Social ServirRs actively promoté Valley Daffodils to their users, clearly showing the benefit Valley Daffodils provides to community. Valley Daffodils are a volunteer led organisation that relies on the users paying for sessions bul these are often subsidised by donations. fundraising and grants. Valley Daffodils continue to ¢omply wlth the Charity Commission's public benefit guidance in carying out its sessions and providing a much needed service to Caerphilly's D&ALN children. adults and their families and carers. Additional information (optionall You may choose to include further statements where relevant about,. SORP reference Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Para 1.38
Other Achievements and Performance SORP reference Summary of the main achievements of the charity. identifying the difference thè charity's work has made to the circumstancès of its beneficiaries and any wider benefits to society as a whole. 2023 has see our SatLtrday Club continue lo average 1010 20 D&ALN users and this has been consistenl throughout the year. The Wednesday Circle of Friends has grown from 30 D&ALN users to 50 plus showing how much ofa public benefit we are providing. Para 1.20 Kay achievements include securing £1 Ok lottery funding lo provide cookery and lif8 skill wor1(shops. Further fundraising and donations allow8d a Summer Ball and parti8s at Valentine. Easter, Halloween and Christmas to be either free or heavily subsidised. The Volunteers have r8main8d faithful and consistent which has allowed the group to have continuity and grow relationships with each other and the users. Additional Infomiation {optional} You may choose to include further statements where relevant about.. Achièvements against Valley Daffodils first achievement was to objectives set maintain our Charity status so that the organisation can continue to grow and access funding. Para 1.41 Other objectives achieved was to grow strong community group which is evident in the Saturday Club and Wednesday Circle of Friends group. Where we deliver fun sessions and events for our users. Where we recognise that each individual has their own identity. needs. wishes. choices, beliefs and values and can have a sense of well-being throughout the aclivilies. Valley Daffodils recognise the value of life experien$ and continually bring new
experiences to the sessions and encourage each individual to be involved and parts'cipate. To support our organisation and volunteers training has taken place for food hygiene. safeguarding. manual handling, First Aid, health and safely. Throughout the year Valley Daffodils have Involved individuals and their ¢arers' in the development of our servi. Performance of fundraising activiti&s against objectives set Valley Daffodils financial objective was to be self-funding for th8 S8ssions provided. This is not aKvays possible and funding was sourced from a number of grant organisation and individuals and rec8iv8d £1822 of reslricled grants which were for art and crafts, workshops, hire cost, gaming and equipment. Lottery funding of £10,000.00 was attained and restricted for cookery and life skills lessons only. Para 1.41 Volunte8r fundraising amounted lo £7672 which was done through a sponsored walk and various raffles, scratch cards and bucket collections. Donations were received totally £2653. Investment perfomiance against objectives Para 1.41 othér Financial Review Review of the charity's financial position at the end of the period Para 1.21
Slalement explaining the policy for holding reserves stating why they are held Amount of reserves held Reasons for holding zero resetves Details of fund materially in deficit Explanation of any uncertainties about the charity Gontinuing as a going concern Para 1.22 Para 1.22 Para 1.22 Para 1.24 Para 1.23 Additional information (optional) You may choose lo include further statements wher8 rèlevant about.. The charity's principal sources of funds (including any fundraising) Para 1.47 Nol applicable. Investment policy and objectives including any social invèstment policy adopted Para 1.46 Not applicable. A d8scription of the principal risks facing the tharily Para 1.46 Other
Structure, Governance and Management Description of charity's trusts.. Type of goveming document -Yarterl Para 1.25 Valley Daffodils is govemed by its onstitution documents Valley Daffodils is a Charitable Incorporated Organisation (CIO). How is the charity constituted? Para 1.25 '.oraled Trusteè selection methods including details of any conslitulional provisions e.g. election to post or name of any p8rson or body entitled to appoint one or more trustees Para 1.25 The trustees as a whole would appoint any new trustees, after interviewing in line with the skills required for the role and what they could bring to the charity. Additional Informatlon (optlonal} You may choose to include further statements where relevant about.. Valley Daffodils has a do¢ument which serves as an introduction lo a new volunteer or trustee. This outlines our vision, mission aims and objectives, values and principals. Policies and procedures adopted for the induction and training of InJste8s Para 1.51 The CCBC has supported guidance in funding applications and provided personel for Workshops such a silent disco, singing and craft activities The charity's organisational structure and any wider network with which the charity works Pafa 1.51 No Relationship with any relaled parties Para 1.51 other
Reference and Administrative 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 Names of the charity trustees who manage the charity Name of person (or body) antitled to appoint trustee {If any) Trustee narne Office (If any} Dates acted rf not for whole year Ceri Hooper Carole Dunleavy Tina Williams Chairperson Secretary Treasurer Oct 2023 Dani Halherall Assistant Treasurer Sharon Doman Trustee Nov 2023 W8ndy Lehaj Trustee 10 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 charity 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 capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrang8m8nts for safe custody and segregation of such assets from the charity's own assets Additional Inforniation (optional Names and addresses of advisers (Optlonal Infonnation) Type of Namo Address adviser Name of chlef executive or names of senior staff members (Optional infomiation)
Exemptions from disclosure Reason for non-disclosure of key personnel details Other optional information
Declarations The trustees declare that they have approved the trustees, report above. Signod on behalf of the charity's trustees Signature{s) Full narne{s) Carole Dunleavy Position (eg Secretary. Chair, etc) Secretary Date 14110124
Valley Daffodils
Charity No. 1196510
Company No. CE027168
Trustees' Report and Unaudited Accounts
31 December 2023
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 | 10 |
| Detailed Statement of Financial Activities | 11 to | 12 |
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 year ended 31 December 2023.
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:
S. Doman C. Dunleavy D. Hatherall C. Hooper W. Lehaj T. Williams
Accountants
Seamount Business Services Limited 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 Secretary 18 October 2024
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 year ended 31 December 2023.
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 18 October 2024
Page 4
Valley Daffodils Statement of Financial Activities
for the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Other trading activities Other 5 Total Expenditure on: Charitable activities 6 Other 7 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 brought forward Total funds carried forward |
Unrestricted funds 2023 £ 14,687 16,229 233 154 |
Restricted funds 2023 £ 11,823 - - - |
Total funds 2023 £ 26,510 16,229 233 154 |
Total funds 2022 £ 35,810 19,113 - 40 |
|---|---|---|---|---|
| 31,303 18,162 4,246 |
11,823 9,231 113 |
43,126 27,392 4,359 |
54,963 32,039 3,455 |
|
| 22,407 - |
9,344 - |
31,751 - |
35,494 - |
|
| 8,896 - |
2,479 - |
11,375 - |
19,469 - |
|
| 8,896 | 2,479 | 11,375 | 19,469 | |
| 8,896 61,878 |
2,479 - |
11,375 61,878 |
19,469 - |
|
| 70,774 | 2,479 | 73,253 | 19,469 |
Page 5
Valley Daffodils Summary Income and Expenditure Account
for the year ended 31 December 2023
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2023 £ 43,126 43,126 31,751 31,751 11,375 11,375 |
2022 £ 54,963 |
|---|---|---|
| 54,963 | ||
| 35,494 | ||
| 35,494 | ||
| 19,469 | ||
| 19,469 |
Page 6
Valley Daffodils Balance Sheet
at 31 December 2023
| at 31 December 2023 | |
|---|---|
| Company No. CE027168 Notes 2023 £ Current assets Cash at bank and in hand 73,253 73,253 Net current assets 73,253 Total assets less current liabilities 73,253 Net assets excluding pension asset or liability 73,253 Total net assets 73,253 The funds of the charity Restricted funds Restricted income funds 2,479 2,479 Unrestricted funds General funds 70,774 70,774 Reserves Total funds 73,253 |
2022 £ 60,822 |
| 60,822 | |
| 60,822 60,822 |
|
| 60,822 | |
| 60,822 | |
| - | |
| - 61,878 |
|
| 61,878 | |
| 61,878 |
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 year ended 31 December 2023 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 18 October 2024
And signed on its behalf by:
C. Dunleavy
Trustee
18 October 2024
Page 7
Valley Daffodils Notes to the Accounts
for the year ended 31 December 2023
- 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.
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.
3 Income from donations and legacies
| Income from donations and legacies | ||||
|---|---|---|---|---|
| Fund raising Grants - Unrestricted Grants - Restricted Donations |
Unrestricted £ 10,325 - - 4,362 14,687 |
Restricted £ - - 11,823 - 11,823 |
Total 2023 £ 10,325 - 11,823 4,362 26,510 |
Total 2022 £ 12,107 11,540 10,000 2,163 |
| 35,810 |
Page 9
Valley Daffodils Notes to the Accounts
4 Income from charitable activities
| Sessions Events Refreshments Memberships 5 Other income 6 Expenditure on charitable activities Expenditure on charitable activities Sessions Events Refreshments Governance costs 7 Other expenditure General administrative costs |
Unrestricted £ 6,580 7,821 3,761 18,162 Unrestricted £ 373 - 3,873 4,246 |
Unrestricted £ 9,396 3,108 3,254 471 16,229 Unrestricted £ 154 154 |
Total 2023 £ 9,396 3,108 3,254 471 16,229 Total 2023 £ 154 154 |
Total 2022 £ 14,131 3,692 1,079 211 |
|---|---|---|---|---|
| 19,113 | ||||
| Total 2022 £ 40 |
||||
| 40 | ||||
| Restricted £ 6,086 2,389 755 9,231 Restricted £ - - 113 113 |
Total 2023 £ 12,666 10,210 4,516 27,392 Total 2023 £ 373 - 3,986 4,359 |
Total 2022 £ 18,817 11,444 1,778 |
||
| 32,039 | ||||
| Total 2022 £ 485 468 2,502 |
||||
| 3,455 |
- 8 Staff costs
No employee received emoluments in excess of £60,000.
9 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 10
Valley Daffodils Detailed Statement of Financial Activities
for the year ended 31 December 2023
| Income and endowments from: Donations and legacies Fund raising Grants - Unrestricted Grants - Restricted Donations Charitable activities Sessions Events Refreshments Memberships Other trading activities Merchandise Other Total income and endowments Expenditure on: Charitable activities Sessions Events Refreshments Total of expenditure on charitable activities Other expenditure General administrative costs, including depreciation and amortisation Equipment repairs and maintenance General insurances Postage and couriers |
Unrestricte d funds 2023 £ 10,325 - - 4,362 14,687 9,396 3,108 3,254 471 16,229 233 233 154 154 31,303 6,580 7,821 3,761 18,162 18,162 373 - 373 2,049 453 11 |
Restricted funds 2023 £ - - 11,823 - 11,823 - - - - - - - - - 11,823 6,086 2,389 755 9,231 9,231 - - - - - - |
Total funds 2023 £ 10,325 - 11,823 4,362 26,510 9,396 3,108 3,254 471 16,229 233 233 154 154 43,126 12,666 10,210 4,516 27,392 27,392 373 - 373 2,049 453 11 |
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 18,817 11,444 1,778 |
||||
| 32,039 | ||||
| 32,039 485 468 |
||||
| 953 | ||||
| 903 886 10 |
Page 11
Valley Daffodils Detailed Statement of Financial Activities
| Valley Daffodils Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| 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 |
626 734 3,873 4,246 22,407 - 8,896 - 8,896 - 8,896 61,878 70,774 |
113 - 113 113 9,344 - 2,479 - 2,479 - 2,479 - 2,479 |
739 734 3,986 4,359 31,751 - 11,375 - 11,375 - 11,375 61,878 73,253 |
415 288 |
| 2,502 | ||||
| 3,455 | ||||
| 35,494 - |
||||
| 19,469 41,353 |
||||
| 60,822 - |
||||
| 60,822 | ||||
| - | ||||
| 60,822 |
Page 12
Valley Daffodils
Charity No. 1196510
Company No. CE027168
Trustees' Report and Unaudited Accounts
31 December 2023
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 | 10 |
| Detailed Statement of Financial Activities | 11 to | 12 |
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 year ended 31 December 2023.
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:
S. Doman C. Dunleavy D. Hatherall C. Hooper W. Lehaj T. Williams
Accountants
Seamount Business Services Limited 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 Secretary 18 October 2024
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 year ended 31 December 2023.
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 18 October 2024
Page 4
Valley Daffodils Statement of Financial Activities
for the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Other trading activities Other 5 Total Expenditure on: Charitable activities 6 Other 7 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 brought forward Total funds carried forward |
Unrestricted funds 2023 £ 14,687 16,229 233 154 |
Restricted funds 2023 £ 11,823 - - - |
Total funds 2023 £ 26,510 16,229 233 154 |
Total funds 2022 £ 35,810 19,113 - 40 |
|---|---|---|---|---|
| 31,303 18,162 4,246 |
11,823 9,231 113 |
43,126 27,392 4,359 |
54,963 32,039 3,455 |
|
| 22,407 - |
9,344 - |
31,751 - |
35,494 - |
|
| 8,896 - |
2,479 - |
11,375 - |
19,469 - |
|
| 8,896 | 2,479 | 11,375 | 19,469 | |
| 8,896 61,878 |
2,479 - |
11,375 61,878 |
19,469 - |
|
| 70,774 | 2,479 | 73,253 | 19,469 |
Page 5
Valley Daffodils Summary Income and Expenditure Account
for the year ended 31 December 2023
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2023 £ 43,126 43,126 31,751 31,751 11,375 11,375 |
2022 £ 54,963 |
|---|---|---|
| 54,963 | ||
| 35,494 | ||
| 35,494 | ||
| 19,469 | ||
| 19,469 |
Page 6
Valley Daffodils Balance Sheet
at 31 December 2023
| at 31 December 2023 | |
|---|---|
| Company No. CE027168 Notes 2023 £ Current assets Cash at bank and in hand 73,253 73,253 Net current assets 73,253 Total assets less current liabilities 73,253 Net assets excluding pension asset or liability 73,253 Total net assets 73,253 The funds of the charity Restricted funds Restricted income funds 2,479 2,479 Unrestricted funds General funds 70,774 70,774 Reserves Total funds 73,253 |
2022 £ 60,822 |
| 60,822 | |
| 60,822 60,822 |
|
| 60,822 | |
| 60,822 | |
| - | |
| - 61,878 |
|
| 61,878 | |
| 61,878 |
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 year ended 31 December 2023 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 18 October 2024
And signed on its behalf by:
C. Dunleavy
Trustee
18 October 2024
Page 7
Valley Daffodils Notes to the Accounts
for the year ended 31 December 2023
- 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.
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.
3 Income from donations and legacies
| Income from donations and legacies | ||||
|---|---|---|---|---|
| Fund raising Grants - Unrestricted Grants - Restricted Donations |
Unrestricted £ 10,325 - - 4,362 14,687 |
Restricted £ - - 11,823 - 11,823 |
Total 2023 £ 10,325 - 11,823 4,362 26,510 |
Total 2022 £ 12,107 11,540 10,000 2,163 |
| 35,810 |
Page 9
Valley Daffodils Notes to the Accounts
4 Income from charitable activities
| Sessions Events Refreshments Memberships 5 Other income 6 Expenditure on charitable activities Expenditure on charitable activities Sessions Events Refreshments Governance costs 7 Other expenditure General administrative costs |
Unrestricted £ 6,580 7,821 3,761 18,162 Unrestricted £ 373 - 3,873 4,246 |
Unrestricted £ 9,396 3,108 3,254 471 16,229 Unrestricted £ 154 154 |
Total 2023 £ 9,396 3,108 3,254 471 16,229 Total 2023 £ 154 154 |
Total 2022 £ 14,131 3,692 1,079 211 |
|---|---|---|---|---|
| 19,113 | ||||
| Total 2022 £ 40 |
||||
| 40 | ||||
| Restricted £ 6,086 2,389 755 9,231 Restricted £ - - 113 113 |
Total 2023 £ 12,666 10,210 4,516 27,392 Total 2023 £ 373 - 3,986 4,359 |
Total 2022 £ 18,817 11,444 1,778 |
||
| 32,039 | ||||
| Total 2022 £ 485 468 2,502 |
||||
| 3,455 |
- 8 Staff costs
No employee received emoluments in excess of £60,000.
9 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 10
Valley Daffodils Detailed Statement of Financial Activities
for the year ended 31 December 2023
| Income and endowments from: Donations and legacies Fund raising Grants - Unrestricted Grants - Restricted Donations Charitable activities Sessions Events Refreshments Memberships Other trading activities Merchandise Other Total income and endowments Expenditure on: Charitable activities Sessions Events Refreshments Total of expenditure on charitable activities Other expenditure General administrative costs, including depreciation and amortisation Equipment repairs and maintenance General insurances Postage and couriers |
Unrestricte d funds 2023 £ 10,325 - - 4,362 14,687 9,396 3,108 3,254 471 16,229 233 233 154 154 31,303 6,580 7,821 3,761 18,162 18,162 373 - 373 2,049 453 11 |
Restricted funds 2023 £ - - 11,823 - 11,823 - - - - - - - - - 11,823 6,086 2,389 755 9,231 9,231 - - - - - - |
Total funds 2023 £ 10,325 - 11,823 4,362 26,510 9,396 3,108 3,254 471 16,229 233 233 154 154 43,126 12,666 10,210 4,516 27,392 27,392 373 - 373 2,049 453 11 |
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 18,817 11,444 1,778 |
||||
| 32,039 | ||||
| 32,039 485 468 |
||||
| 953 | ||||
| 903 886 10 |
Page 11
Valley Daffodils Detailed Statement of Financial Activities
| Valley Daffodils Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| 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 |
626 734 3,873 4,246 22,407 - 8,896 - 8,896 - 8,896 61,878 70,774 |
113 - 113 113 9,344 - 2,479 - 2,479 - 2,479 - 2,479 |
739 734 3,986 4,359 31,751 - 11,375 - 11,375 - 11,375 61,878 73,253 |
415 288 |
| 2,502 | ||||
| 3,455 | ||||
| 35,494 - |
||||
| 19,469 41,353 |
||||
| 60,822 - |
||||
| 60,822 | ||||
| - | ||||
| 60,822 |
Page 12