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