## **Trustees Annual Report** Charity name: Glaven Caring CIO Charity Number: 1198417 Charity address: The Glaven Centre, Thistleton Court, Blakeney. NR25 7PH Trustees: Chair Alan Collett, Vice Chair Antonia Hardcastle, trustees Jennifer Hall-Thompson, Victoria Holliday, Andrea Borewell, Graham Woodcock The trustees recruit members to the board after due consideration and background checks. There is a recruiting and interviewing process, a welcoming introductory booklet. New trustees have to be DBS checked, disclose their business and personal interests, and any conflicts of interest. During the year to 31st August 2025, Kate Higgins and Miranda Corti resigned as trustees, Andrea Borwell was appointed. In February 2026 Graham Woodcock was appointed as a trustee. The board of trustees meets every month, with the manager attending to give a report on the activities of the charity. The bookkeeper presents sets of accounts for the board to understand the financial status. The operating losses were reduced from £76,153 in the year ending 31st August 2024 to a loss of £53,081 in the year ending 31st August 2025. Subsequently, with the financial support from grants, and with the guidance of Human Resources consultants, the board explored a restructuring plan. In April 2026, this has now been effected with predicted losses to be significantly reduced. There will continue to be losses until the changes have worked through the financial year. During this time the clients supported by the charity have continued to be cared for in an exemplary manner. Training of staff has been supervised by the manager, with all key areas covered. Volunteers are recognised for their commitment to the charity, some voluteering for perhaps 50 years. The community supports the charity in many ways, not least with their financial support and their attendance at various functions. Activities offered include bingo, Chatty Café, Cards and Chat, Board Games and Chat, trips around the Blakeny Harbour in a wheelchair accessible boat, live music with choirs and with pianists, illustrated talks by local birding and wild life enthusiasts. Fund raising activities include coffee mornings, Bluebell walks by invitation in private gardens, sponsored lunches, raffles. The charity has a Reserves Policy which has not changed since last year, i.e. £150,000 this represents an estimate of an orderly wind down of the business and redundancy obligations. The charity has investment reserve funds managed by brokers Barratt and Cook, and by Churches, Charities and Local Authorities Investment Management. 18.05.2026 Registered number CE029472 Charity number 1198417 Glaven Caring CIO Report and Accounts 31 August 2025 ## **Glaven Caring CIO Income and Expenditure account for the year ended 31 August 2025** |**Incoming resources:**
Donations
Dividends
Gain on disposal of assets
Rental income
Bank interest receivable
Fundraising
Product sales
Day care ( including lunches)
Grants
**TOTAL INCOMING RESOURCES**
**Resources expended:**
**On charitiable activities**
Goods for resale
Nursing, chiropody and cleaning:
Salaries
Other
Charitable contribution
**Administration expenses**
Manager's salary
Employers NI and pension costs
Transport
Training
Insurance
General expenses
Telephone and broadband
Office expenses and administration
Repairs and maintenance
**Premises expenses**
Heat,light and water
**Financial expenses**
Accountancy and independant examination
Bookkeeping
Other legal and professional expenses
Advertising
Financial charges
Depreciation
**Total resources expended**
**Net incoming resources ( expenditure)**|**2025**
**£**
31,022
14,638
31,851
2,325
2,567
4,493
777
84,126
13,998
185,797
253
75,284
24,858
13,657
195
40,587
9,479
5,112
735
3,835
426
1,684
1,877
11,795
11,221
530
10,142
21,830
2,917
213
2,248
238,878
(53,081)|**2024**
**£**
20,222
17,347
2,807
2,425
2,236
14,508
750
63,583
9,289
133,167
401
84,268
22,907
13,972
842
20,535
5,571
6,517
923
757
2,199
1,600
1,728
14,121
10,164
1,000
11,301
4,105
2,632
141
3,636
209,320
(76,153)| |---|---|---| 1 CE029472 ## **Glaven Caring CIO Registered number: Balance Sheet as at 31 August 2025** |**Notes**
**Fixed assets**
Tangible assets
3
Investments
4
**Current assets**
Debtors
5
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
6
**Net current assets**
**Net assets**
**Capital and reserves**
Property Revaluation reserve
7
Investment reserve
8
General reserve
10
**Total Funds**|**2025**
**£**
162,744
571,935
734,679
16,367
20,332
36,699
(6,200)
30,499
765,178
150,000
131,838
483,340
765,178|**2024**
**£**
164,543
657,847
822,390
7,566
41,568
49,134
(8,111)
41,023
863,413
150,000
176,992
536,421
863,413| |---|---|---| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. 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. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies. Mr A Collett Approved and signed on behalf of all the trustees on 2 **Glaven Caring CIO Notes to the Accounts for the year ended 31 August 2025** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures, fittings, tools and equipment 15% reducing balance basis ## _**Investments**_ Investments are included at market value as per the Investment reports. ## _**Debtors**_ Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. ## _**Creditors**_ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. ## _**Pensions**_ Contributions to defined contribution plans are expensed in the period to which they relate. |**2**
**Employees**
Average number of persons employed by the company|**2025**
**Number**
13|**2024**
**Number**
13| |---|---|---| 3 ## **Glaven Caring CIO Notes to the Accounts for the year ended 31 August 2025** |**3**
**Tangible fixed assets**
At 1 September 2024
Additions
At 31 August 2025
**Depreciation**
At 1 September 2024
Charge for the year
At 31 August 2025
**Net book value**
At 31 August 2025
At 31 August 2024
**4**
**Investments**
At 1 September 2024
Additions
Revaluation
Disposals
At 31 August 2025
**Historical cost**
At 1 September 2024
At 31 August 2025
**5**
**Debtors**
Trade debtors
Prepayments|**Land and**
**buildings**
**£**
150,000
-
150,000
-
-
-
150,000
150,000|**Fixtures,**
**Fittings and**
**Equipment**
**£**
45,281
449
45,730
30,738
2,248
32,986
12,744
14,543
**2025**
**£**
13,360
3,007
16,367|**Total**
**£**
195,281
449
195,730
30,738
2,248
32,986
162,744
164,543
**£**
657,847
423,114
(45,154)
(463,872)
571,935
480,855
440,097
**2024**
**£**
3,973
3,593
7,566| |---|---|---|---| 4 ## **Glaven Caring CIO Notes to the Accounts for the year ended 31 August 2025** |**6**
**Creditors: amounts falling due within one year**
Trade creditors
Taxation and social security costs
Other creditors
**7**
**Property Revaluation reserve**
At 1 September 2024
At 31 August 2025
**8**
**Investment revaluation reserve**
At 1 September 2023
Movement in investment valuation|**2025**
**£**
2,363
3,307
530
6,200
**2025**
**£**
150,000
150,000
**2025**
**£**
176,992
(45,154)
131,838|**2024**
**£**
6,275
1,326
510
8,111
**2024**
**£**
150,000
150,000
**2024**
**£**
131,291
45,701
176,992| |---|---|---| ## **9 Contingent liabilities** ## **Property** The property which was purchased from Victory Homes ( Formerly Victory Housing Trust) on 14th December 2018, is subject to an Overage Clause. This stipulates that if the property is disposed of before 13th December 2039, a proportion of the sale proceeds ( subject to various calculations) should be paid to Victory Homes within a prescribed period. ## **10 General Reserve** The current reserves policy sets a target for free reserves of £150,000 for 25/6. This represents an estimate of redundancy and lease obligations ## Designated Funds Designated funds are funds set aside by the Trustees out of unrestricted funds to fund specific future purposes and projects. These will be reviewed annually. ## Restricted Funds Restricted funds are funds received for undertaking an activity specified by the donor when making the gift or may result from the terms of an appeal for funds. 5 ## **Glaven Caring CIO Notes to the Accounts for the year ended 31 August 2025** ## **10 Other information** Glaven Caring CIO is a charitable incorporated organisation incorporated in England. Its registered office is: Glaven Caring CIO Thistleton Court Community Centre Blakeney Norfolk NR25 7PH 6 **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees of**
**On accounts for the period**
**ended**|Charity Name
GLAVEN CARING DISTRICT COMMITTEE| |---|---| ||| ||31 AUGUST 2025
**Charity no**1198417| ||| ||| ||| ||I report to the trustees on my examination of the accounts of the
above charity (“the Trust”) for the year ended 31 August 2025| **Responsibilities and basis of** As the charity's trustees, you are responsible for the preparation of the **report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent examiner's statement** The charity has requested an independent examiner’s statement, and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountant in England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 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 to enable a proper understanding of the accounts to be reached _._ **----- Start of picture text -----**
Date: 21/04/2026
Signed:
Name: Janet sorrell ACA
Address: Glaven Farm Barn
Thornage road
**----- End of picture text -----**
Letheringsett, Norfolk, NR25 7JE ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** .