Trustees’ Annual Report for the period
From January 2024 Period start date To December 2024 Period end date
Charity name: Valley Daffodils
Charity registration number: 1196510
Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To provide an inclusive community group for children/ young people, adults with D&ALN, and their families. The group promotes inclusivity, fun, personal achievement, social interaction, friendships and family values. Through fun, play sessions and activities. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Valley Daffodils run Saturday Club aimed at families every two weeks and a Wednesday Circle of Friends Club for adults only. Both are delivered at LLanbradach Community Centre. A variety of activities are rotated that include dancing, musical instruments, crafts, cooking sessions, bingo plus a special activity which will change weekly such as silent discos, animal therapy, yoga/keepfit, circus skills, Music Therapy to name but a few. Activities held at other venues include weekly bowling and swimming. Social evenings which are usually themed and thoroughly enjoyed. Annual events have included a Summer Ball, Discos (Valentine and Halloween) and a Christmas party, Elf the musical, Beauty and the Beast, Circus Star, a sponsored walk and Valley’s got talent, where everyone was encouraged to do something, it really was amazing. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Valley Daffodils provides a public benefit 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 particularly true of the Wednesday session, Circle of Friends. Especially as many day centres and provisions have not restarted and Caerphilly Social Services actively promote Valley Daffodils to their users, clearly showing the benefit Valley Daffodils provides to the community. Valley Daffodils is a volunteer led organisation that relies on the users paying for sessions, but these are often subsidised by donations, fundraising and grants. Valley Daffodils continue to comply with the Charity Commission’s public benefit guidance in carrying out its sessions and providing a much-needed service to Caerphilly’s D&ALN children, adults and their families and carers. |
|
|---|---|---|---|
Additional information (optional)
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 the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | 2024 has seen our Saturday Club continue to average 10 to 20 D&ALN users and this has been consistent throughout the year. The Wednesday Circle of Friends continue seeing an average of 45 D&ALN users plus carers showing how much of a public benefit we are providing especially in building social contact and friendships. Key achievements include the continuation of the group for another year with limited funding and no price increases to the users. The Volunteers have remained faithful and consistent which has allowed the group to have continuity and grow relationships with each other and the users. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | Valley Daffodils continue to maintain our Charity status so that the organisation can continue to grow and access funding. Other objectives to grow a strong community group are 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 activities. Valley Daffodils recognise the value of life experiences and continually bring new experiences to the sessions and encourage each individual to be involved and participate. To support our organisation and volunteers further training has taken place for food hygiene and DBS checks attained. Throughout the year Valley Daffodils have Involved individuals and their carers in the |
|---|---|---|
| development of our service. | ||
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | Valley Daffodils financial objective was to be self-funding for the sessions provided. This is not always possible, and funding was gained from a number of grant organisations and received £10,475 restricted funding for refreshments, a virtual reality game and cookery sessions. Volunteer fundraising amounted to £5,922 which was done through a lady running a marathon, a sponsored walk which included many of the ALN users and carers and various raffles. Donations received totalled £1653. |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of theperiod |
Para 1.21 | |
|---|---|---|
| Statement explaining the policy for holding reserves statingwhytheyare held |
Para 1.22 | |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investmentpolicyand | Not applicable. |
| objectives including any social investment policy adopted |
Para 1.46 | |
|---|---|---|
| A description of the principal risks facing the charity |
Para 1.46 | Not applicable. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Valley Daffodils is governed by its constitution documents |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Valley Daffodils is a Charitable Incorporated Organisation (CIO). |
| Trustee selection 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 | 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 and appropriate DBS. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | Valley Daffodils has documents serves as an introduction to a new volunteer or trustee. This outlines our vision, mission aims and objectives, values and principals, plus our constitution and Business Plan. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The CCBC has supported guidance in funding applications and provided personnel for workshops such a silent disco, singing and craft activities |
| Relationship with any related parties |
Para 1.51 | No |
Other
Reference and Administrative details
| Charity name | Valley Daffodils CIO |
|---|---|
| Other name the charityuses | NA |
| Registered charity number | 1196510 |
| Charity’s principal address | Graig View 93 Penalta Road Ystrad Mynach CF82 7 GN |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Ceri Hooper | Chairperson | |||
| Sharon Doman | Secretary | |||
| Tina Williams | Treasurer | |||
| Dani Hatherall | Assistant Treasurer | |||
| Carole Dunleavy | Trustee | |||
| Wendy Lehaj | Trustee | |||
Corporate trustees – names of the directors at the date the report was approved
Director name NA
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for wholeyear |
NA | |
|---|---|---|---|
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
NA |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
NA |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
NA |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
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.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Carole Dunleavy
Position (eg Secretary, Trustee Chair, etc) Date 28/10/25
Valley Daffodils
Charity No. 1196510
Company No. CE027168
Trustees' Report and Unaudited Accounts
31 December 2024
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 | |
| Statement of Cash flows | 8 to 9 | |
| Detailed Statement of Financial Activities | 10 to | 11 |
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 2024.
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
T. Williams
Trustee 27 October 2025
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 2024.
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.
Seamount Business Services Limited Gryson House The Grove Pontllanfraith
NP12 2EQ 27 October 2025
Page 4
Valley Daffodils Statement of Financial Activities
for the year ended 31 December 2024
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities Other 4 Total Expenditure on: Charitable activities 5 Other 6 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 2024 £ 16,827 15,310 817 58 |
Restricted funds 2024 £ 1,286 10,476 - - |
Total funds 2024 £ 18,113 25,786 817 58 |
Total funds 2023 £ 26,510 16,229 233 154 |
|---|---|---|---|---|
| 33,012 15,906 9,234 |
11,762 11,762 - |
44,774 27,668 9,234 |
43,126 27,392 4,359 |
|
| 25,140 - |
11,762 - |
36,902 - |
31,751 - |
|
| 7,872 - |
0 - |
7,872 - |
11,375 - |
|
| 7,872 | 0 | 7,872 | 11,375 | |
| 7,872 72,824 |
0 2,479 |
7,872 75,303 |
11,375 61,878 |
|
| 80,696 | 2,479 | 83,175 | 73,253 |
Page 5
Valley Daffodils Summary Income and Expenditure Account
for the year ended 31 December 2024
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2024 £ 44,774 44,774 36,902 36,902 7,872 7,872 |
2023 £ 43,126 |
|---|---|---|
| 43,126 | ||
| 31,751 | ||
| 31,751 | ||
| 11,375 | ||
| 11,375 |
Page 6
Valley Daffodils Balance Sheet
at 31 December 2024
| at 31 December 2024 | |
|---|---|
| Company No. CE027168 Notes 2024 £ Current assets Cash at bank and in hand 83,175 83,175 Net current assets 83,175 Total assets less current liabilities 83,175 Net assets excluding pension asset or liability 83,175 Total net assets 83,175 The funds of the charity Restricted funds Restricted income funds 2,479 2,479 Unrestricted funds General funds 80,696 80,696 Reserves Total funds 83,175 |
2023 £ 73,253 |
| 73,253 | |
| 73,253 73,253 |
|
| 73,253 | |
| 73,253 | |
| 2,479 | |
| 2,479 72,824 |
|
| 72,824 | |
| 75,303 |
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 2024 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 27 October 2025
And signed on its behalf by:
T. Williams Trustee
27 October 2025
Page 7
Valley Daffodils Notes to the Accounts
for the year ended 31 December 2024
1 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
- 2 Income from donations and legacies
| 2 | Income from donations and legacies | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| 2024 | 2023 | |||||||
| £ | £ | £ | £ | |||||
| Fund raising | 5,921 | - | 5,921 | 10,325 | ||||
| Grants - Restricted | 10,476 | - | 10,476 | 11,823 | ||||
| Donations | 430 | 1,286 | 1,716 | 4,362 | ||||
| 16,827 | 1,286 | 18,113 | 26,510 | |||||
| 3 | Income from charitable activities | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2024 | 2023 | |||||||
| £ | £ | £ | £ | |||||
| Sessions | 3,924 | 10,476 | 14,400 | 9,396 | ||||
| Events | 6,240 | - | 6,240 | 3,108 | ||||
| Refreshments | 4,651 | - | 4,651 | 3,254 | ||||
| Memberships | 495 | - | 495 | 471 | ||||
| 15,310 | 10,476 | 25,786 | 16,229 | |||||
| 4 | Other income | |||||||
| Unrestricted | Total | Total | ||||||
| 2024 | 2023 | |||||||
| £ | £ | £ | ||||||
| 16 | 16 | 154 | ||||||
| 20 | 20 | - | ||||||
| 22 | 22 | - | ||||||
| 58 | 58 | 154 | ||||||
| 5 | Expenditure on charitable activities | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2024 | 2023 | |||||||
| £ | £ | £ | £ | |||||
| Expenditure on charitable | ||||||||
| activities | ||||||||
| Sessions | 4,707 | 11,762 | 16,469 | 12,666 | ||||
| Events | 6,960 | - | 6,960 | 10,210 | ||||
| Refreshments | 4,239 | - | 4,239 | 4,516 | ||||
| Governance costs | ||||||||
| 15,906 | 11,762 | 27,668 | 27,392 |
Page 8
Valley Daffodils Notes to the Accounts
6 Other expenditure
| Other expenditure | |||
|---|---|---|---|
| Employee costs General administrative costs Legal and professional costs |
Unrestricted £ 1,319 228 7,327 360 9,234 |
Total 2024 £ 1,319 228 7,327 360 9,234 |
Total 2023 £ 373 - 3,686 300 |
| 4,359 |
7 Staff costs
No employee received emoluments in excess of £60,000.
- 8 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 9
Valley Daffodils Detailed Statement of Financial Activities
for the year ended 31 December 2024
| Income and endowments from: Donations and legacies Fund raising 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 Employee costs Staff training General administrative costs, including depreciation and amortisation Equipment expensed |
Unrestricte d funds 2024 £ 5,921 10,476 430 16,827 3,924 6,240 4,651 495 15,310 817 817 16 20 22 58 33,012 4,707 6,960 4,239 15,906 15,906 1,319 1,319 228 228 526 |
Restricted funds 2024 £ - - 1,286 1,286 10,476 - - - 10,476 - - - - - - 11,762 11,762 - - 11,762 11,762 - - - - - |
Total funds 2024 £ 5,921 10,476 1,716 18,113 14,400 6,240 4,651 495 25,786 817 817 16 20 22 58 44,774 16,469 6,960 4,239 27,668 27,668 1,319 1,319 228 228 526 |
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 | ||||
| - | ||||
| - | ||||
| - |
Page 10
Valley Daffodils Detailed Statement of Financial Activities
| Equipment repairs and maintenance General insurances Postage and couriers Software, IT support and related costs Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
3,386 354 - 1,354 1,066 325 316 7,327 300 60 360 9,234 25,140 - 7,872 7,872 - 7,872 72,824 80,696 |
- - - - - - - - - - - - 11,762 - 0 0 - 0 2,479 2,479 |
3,386 354 - 1,354 1,066 325 316 7,327 300 60 360 9,234 36,902 - 7,872 7,872 - 7,872 75,303 83,175 |
2,049 453 11 - 739 434 - |
|---|---|---|---|---|
| 3,686 | ||||
| 300 - |
||||
| 300 | ||||
| 4,359 | ||||
| 31,751 - |
||||
| 11,375 | ||||
| 11,375 - |
||||
| 11,375 | ||||
| 61,878 | ||||
| 73,253 |
Page 11
Valley Daffodils
Charity No. 1196510
Company No. CE027168
Trustees' Report and Unaudited Accounts
31 December 2024
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 | |
| Statement of Cash flows | 8 to 9 | |
| Detailed Statement of Financial Activities | 10 to | 11 |
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 2024.
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
T. Williams
Trustee 27 October 2025
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 2024.
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.
Seamount Business Services Limited Gryson House The Grove Pontllanfraith
NP12 2EQ 27 October 2025
Page 4
Valley Daffodils Statement of Financial Activities
for the year ended 31 December 2024
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Other trading activities Other 4 Total Expenditure on: Charitable activities 5 Other 6 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 2024 £ 16,827 15,310 817 58 |
Restricted funds 2024 £ 1,286 10,476 - - |
Total funds 2024 £ 18,113 25,786 817 58 |
Total funds 2023 £ 26,510 16,229 233 154 |
|---|---|---|---|---|
| 33,012 15,906 9,234 |
11,762 11,762 - |
44,774 27,668 9,234 |
43,126 27,392 4,359 |
|
| 25,140 - |
11,762 - |
36,902 - |
31,751 - |
|
| 7,872 - |
0 - |
7,872 - |
11,375 - |
|
| 7,872 | 0 | 7,872 | 11,375 | |
| 7,872 72,824 |
0 2,479 |
7,872 75,303 |
11,375 61,878 |
|
| 80,696 | 2,479 | 83,175 | 73,253 |
Page 5
Valley Daffodils Summary Income and Expenditure Account
for the year ended 31 December 2024
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2024 £ 44,774 44,774 36,902 36,902 7,872 7,872 |
2023 £ 43,126 |
|---|---|---|
| 43,126 | ||
| 31,751 | ||
| 31,751 | ||
| 11,375 | ||
| 11,375 |
Page 6
Valley Daffodils Balance Sheet
at 31 December 2024
| at 31 December 2024 | |
|---|---|
| Company No. CE027168 Notes 2024 £ Current assets Cash at bank and in hand 83,175 83,175 Net current assets 83,175 Total assets less current liabilities 83,175 Net assets excluding pension asset or liability 83,175 Total net assets 83,175 The funds of the charity Restricted funds Restricted income funds 2,479 2,479 Unrestricted funds General funds 80,696 80,696 Reserves Total funds 83,175 |
2023 £ 73,253 |
| 73,253 | |
| 73,253 73,253 |
|
| 73,253 | |
| 73,253 | |
| 2,479 | |
| 2,479 72,824 |
|
| 72,824 | |
| 75,303 |
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 2024 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 27 October 2025
And signed on its behalf by:
T. Williams Trustee
27 October 2025
Page 7
Valley Daffodils Notes to the Accounts
for the year ended 31 December 2024
1 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
- 2 Income from donations and legacies
| 2 | Income from donations and legacies | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| 2024 | 2023 | |||||||
| £ | £ | £ | £ | |||||
| Fund raising | 5,921 | - | 5,921 | 10,325 | ||||
| Grants - Restricted | 10,476 | - | 10,476 | 11,823 | ||||
| Donations | 430 | 1,286 | 1,716 | 4,362 | ||||
| 16,827 | 1,286 | 18,113 | 26,510 | |||||
| 3 | Income from charitable activities | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2024 | 2023 | |||||||
| £ | £ | £ | £ | |||||
| Sessions | 3,924 | 10,476 | 14,400 | 9,396 | ||||
| Events | 6,240 | - | 6,240 | 3,108 | ||||
| Refreshments | 4,651 | - | 4,651 | 3,254 | ||||
| Memberships | 495 | - | 495 | 471 | ||||
| 15,310 | 10,476 | 25,786 | 16,229 | |||||
| 4 | Other income | |||||||
| Unrestricted | Total | Total | ||||||
| 2024 | 2023 | |||||||
| £ | £ | £ | ||||||
| 16 | 16 | 154 | ||||||
| 20 | 20 | - | ||||||
| 22 | 22 | - | ||||||
| 58 | 58 | 154 | ||||||
| 5 | Expenditure on charitable activities | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2024 | 2023 | |||||||
| £ | £ | £ | £ | |||||
| Expenditure on charitable | ||||||||
| activities | ||||||||
| Sessions | 4,707 | 11,762 | 16,469 | 12,666 | ||||
| Events | 6,960 | - | 6,960 | 10,210 | ||||
| Refreshments | 4,239 | - | 4,239 | 4,516 | ||||
| Governance costs | ||||||||
| 15,906 | 11,762 | 27,668 | 27,392 |
Page 8
Valley Daffodils Notes to the Accounts
6 Other expenditure
| Other expenditure | |||
|---|---|---|---|
| Employee costs General administrative costs Legal and professional costs |
Unrestricted £ 1,319 228 7,327 360 9,234 |
Total 2024 £ 1,319 228 7,327 360 9,234 |
Total 2023 £ 373 - 3,686 300 |
| 4,359 |
7 Staff costs
No employee received emoluments in excess of £60,000.
- 8 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 9
Valley Daffodils Detailed Statement of Financial Activities
for the year ended 31 December 2024
| Income and endowments from: Donations and legacies Fund raising 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 Employee costs Staff training General administrative costs, including depreciation and amortisation Equipment expensed |
Unrestricte d funds 2024 £ 5,921 10,476 430 16,827 3,924 6,240 4,651 495 15,310 817 817 16 20 22 58 33,012 4,707 6,960 4,239 15,906 15,906 1,319 1,319 228 228 526 |
Restricted funds 2024 £ - - 1,286 1,286 10,476 - - - 10,476 - - - - - - 11,762 11,762 - - 11,762 11,762 - - - - - |
Total funds 2024 £ 5,921 10,476 1,716 18,113 14,400 6,240 4,651 495 25,786 817 817 16 20 22 58 44,774 16,469 6,960 4,239 27,668 27,668 1,319 1,319 228 228 526 |
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 | ||||
| - | ||||
| - | ||||
| - |
Page 10
Valley Daffodils Detailed Statement of Financial Activities
| Equipment repairs and maintenance General insurances Postage and couriers Software, IT support and related costs Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
3,386 354 - 1,354 1,066 325 316 7,327 300 60 360 9,234 25,140 - 7,872 7,872 - 7,872 72,824 80,696 |
- - - - - - - - - - - - 11,762 - 0 0 - 0 2,479 2,479 |
3,386 354 - 1,354 1,066 325 316 7,327 300 60 360 9,234 36,902 - 7,872 7,872 - 7,872 75,303 83,175 |
2,049 453 11 - 739 434 - |
|---|---|---|---|---|
| 3,686 | ||||
| 300 - |
||||
| 300 | ||||
| 4,359 | ||||
| 31,751 - |
||||
| 11,375 | ||||
| 11,375 - |
||||
| 11,375 | ||||
| 61,878 | ||||
| 73,253 |
Page 11