## **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