REGisfE.RED CH.4RITI fiLMBER: 220856 AI2 Re)rt trf the Trtte$ **d Ln•udiied Financial Statements for the l'ear Ended 31 December 2022 for VaktttiDt Poole Clxrity
'#lentitte poo C.hriry Contents of ihe Financial Siaiements for the l'ear Ended JI De(ernlxr 2022 Pge Referente and Administr*tiwe Iktxils Report of the Tru5tee5 Independent Ei8miner's Rwrt Stateme¢ of Fin•nci•l Artt%'ities Balxnte Shett Yot¢s to the FRTraDcial Ststements 7 to 11 Detsiled Ststement of FinxDti%l ArtiiTtses 12
Valentine Poole Chrity' Referen¢e Administrdtiie Det¥il for the l ear Ended 31 December 2022 BODY OF mNAGEMENT C.wpted Trustees DAte Offitt TerniiDte5 Mr Stephen Geoffrey Lane Ichairmanl TS June IIu8hes Mr Tony Alderman Nlr Peter Cragg Mr DaN'id Pan Mr BriaD Saling Cllr Julian Teare Cllr Wendy Preniiee 14 November2024 IrelEd 8 November 20221 15 XoN'ember ?0?5 17 March ?0?4 I l March ?074 8 Jul)" ?024 8 July 2023 8 July 2023 omintive Trns¢rts D1¢ Ollkt TerniiNite5 Mrs Brend8 Sandford Cllr juli T¢a Cllr W'endy Preniice MTS Helena D15 21 Ma). ?024 Ibe¢am¢ coe trutt on 8 Novembcr ?0221 Ibecame Clp¢t tnts*e on 8 Novetnber 20221 21 May 2024 Clerk to the Trustets Visitor for the ChxTity PIUPICIPAL ADDRESS Forurn R(x)m. Ewen Hall Wj Stre Barnet EN5 4BII' RF.GISTERED CHARITY NIIMBER 220856 A12 INDEPENDENT EXAMIINER carNTlts Chartered A)WIthts and Bu5iTKS5 Advi Regency House 33 WIxKi Str¢ei Henfordshi
I'alentine Poole Charity lieport ofthe Truslees for the l'ear Ended 31 Dttember 2022 The trustees present their reFK)n with the financial stakments of the eharity for the year ended 31 tkeembeT ?0?? The Iruslees have wjopid th¢ pvIsiOnS of Accounting Rew>Mng bv Chariiies.. Staternenl of Reeommended Practice applicable io charities preparing their lnts in ¥cordanee Mith the Financial Rew)rting Standard applicable in the k and Republir of Ir¢land IFRS 1021 l¢ff¢aiv¢ l January 2019). The Chariii. was founded kn 16?4 u'hev Valentir P()1¢ left Karious pnyrtie5 he owned to ihe PaTiShionm i)f the .4ncient Parish of Chipping Barnd h¢re wa5 born. Th¢ income from ihese was to be u5¢d to help the needy and poor. This i5 being done under schemes fOuled bi. the Chwlty c.ommission on ?8 lovemr 1980 and the extended 'Area of Benefit, io in¢lud¢ the fonner Distri¢ts of Barnei and Bar Is consiiiud on 31 March I5 effeciivc from 4 NovemFr 1991. 0E(TIvEs AND ACtIN'ITIES Obj¢di%es and airn5 The objecties ot the Cht) were. in gener. to continue to provi(k relief in need people in the local comrnunity,. re%'iew and help h¢re appropria for the wJvanc¢rn¢nt of lif¢- fot the pa%'ing of a pension io suitsbl¢ applirants: ensure the on80ing self-suificiency of lh¢ Charity despite Covid-19. Performance Objeciiv Th¢ Charity hJ a decrease in incoming rr50Um C(An the PTeViOU5 y¢ar. w&s able to continue meet its objeaive5. Public benefit The TrusteL5 confirni that they have feed to the Charity CIKnmission's ger81 gthidance on pb]IC benefit when reviewing the Tn¢$ 3im5 and objective% in planning fikn xtivitie4 #nd settirtg the grani making polic), for the year. Gralltmking The"1 rusi furthets Éts charitable F4p)Sts forth¢ public Fnefii through its grani-making 110 which aims at: - providing application5 under the pn)%ision for Relief in Ne aTwJ Advancement of Lif¢ ts.. - ¢tsniributing towards the c05t of 5ch(K)I wiifomis- - pro%'iding Christma5 grants aThd payments of'pensions. tlM)se in finamc1 ne¢(L and; - conthbuting io other Chariiits arml OrWilOn$ dealing with th¢ ¢ of people need ACHlkl'E.MENT.41%D PERFORMA%CE Chrit¥ble &rti%ities The Trusiees have awdin thts year. ddi with manj. application5 under the pw%'ision for Relief in Need, and Advancemenl of Life, and have approved grants of £nil l?021.. £? J731 to paj for the provision of essentia] household quipmen¢. ¢rnv¢l wsts for need) people, )'owig and the more clderl)'.The charits. has ¢onrribut¢d towards the C05T uf school uniform during 2022 for 17 families totsllin8£? 944 (2021= 21 families iothllit)g £3291). Thi5 year a'¢hristmas grani,, of varying am(Kmts deling on the size of the famil).. was ma(k to I I families totallin8 £1,06012021-. 27 farnilies ioth]ling L7,6301. Pa)Inents of pensions Ftheen £160 and £200 monthly mwje to Ople Én fltbanci nttd and this expenditure talled £31.680 during 202212021.. £?9.9601. Pa>'ments talling £3.60? 1?0?1.. £9.3651 haN'e been made to other Charities and Organhsaiion5 dedlillg with the care of people in need. and undtrTrking to pro%'id¢ such itrms. 5m'ice5 or facilities as might otherwise be provided by ihe Trusitts under iheir approved chari. C(rfnmission Sch¢m¢. IntrestmeDt perfornance Investment income. laryely frvm propertj Tental. is in line with eytmiions artd is consistent with previou5 vears. Listed invesrmenis. held through various COIF fimds. has been re%'iJ4ed by the Tn]siee& who are Satisfied uiih th¢ perfonnance. Intstments made through M&li dropFd in value sigit)ifcantl)' hO'er the w¢r¢ TK)silive signs in (y with a sleep Incre in value.
'alentine Poolt C.hri Report of the Tru%tee5 for the Tr'ear Ended JI December 2022 FIIANC.IAL REN'IEW position Ai the end of th¢ veaT the chartty hos rerY¢S of £749.166 12021.. £7882041. The rtsthv¢s hcld a combin&io unre5rriaed and endowment funds. ReseTh'e5 policv It is the wlici. of the eharity mailaIn unrestricd fund& which are the frte res¢rve5 of the charity, at a level wbich equates to at least twelv¢ monihs of urirestrict¢d ¢xpenditure. This proviik5 suffjcieni funds ts) LY)veT pvision for R¢lief in Need, grants, purchase of re7Ve fart and gifts for necd) familits at Christsnas, petasÉons and similar chari activities. ble FiITiIRE PLAI%S The TnLSte¢s do noi exrEa any signifint changes io the existiTtg xtivities and perforn)an¢e of the charity, save ihat they will be suprx)rting )'outh or8anisatioÈ)s as they COTne out of Covid-19 resthctions. There are no unusual item expenditure aniicipatrd irh the foreseeable fulure. STRUCTURE GOTr'ERiIANCE AND MANAGEMENT Governing dotument The charity is controll¢d by its soverning thwn¢n( adeed of tr and wn5titute5 an unin¢OrraI¢I charity. Reeruitment and ¥pw)iniment ofnew trysteo Co-oplive trustee5 are apw)ind bv existing trustres and serve for five years athd may be rtapwinted for further year iemis. Iv¢ NomITl¥t truses at¢ apwinted by the LA)ndon BOrjgh of Barnd ILBBI for four years and may bc reapwinted ! bj LBB for fiffth¢r 4 year temis. The Charity recognises that people are its most imtAKtant assets, athd t[UctIon and training is provided for TnJst¢e& staff arHI volunteers. Risk management The trusiees have a duty to ideniify and review th¢ risks which the is exSed and to ensure approprb contro15 are in place to prtTrvide reasorthlle 8ssutaTtt against fiaud em)r. The Trustees hav¢. usual. met three tirncs during 2022. and have kept a close wch th¢ Charity's activities. W15h io knOwledge their M)st geful thank5 th¢ Clerk and Visir, Mrs Jane Porter. None of this vuable seThiee,' to people in need in the wmmunity could hav¢ been provided WEt}K) h¢r efficient and earittg scrvicc. Approved by orderof the IM)wd of tyuses ... ..........
Independent Liaminer's Rw)rt to the Tru5te¢s or "alentine Poole Charity Independent examiTrtr's re)rt to the tTUSttt5 of l 4lentine P1 C'.harih. I rep)n Lo th¢ charl. trLLStees on m). e.nInlon of th¢ acwunts of N'a]enune P1¢ Charity {the Tn) for th¢ y¢ar ¢nded 31 DeL"ember ?0?2. Responsibilities aDd 515 of TewTrrt As the charity sleeS of the Trt lou are resEx)nsible for the prewion of the xLx>ums in %cordance with the requ1MentS ot'the charities Act 2011 Ilhe Act'l. I rerx)rt in rtspect of my examination of the Tru5tr5 accounts ¢arria oui under Section 145 of the Aa and in un)'ine out m) ¢xamination I have followd all applicable Directions given . the Chants. Commission under Section 1451.5 Xbl of the ACL Independent ex8miner's staterAt I hawe completed my examinaTlOll. I wnfimi thai rm) material malleT5 hav¢ come my attention in ¢onnection with the eXaminlOn giving me cause to believe ih in any malerial resi.. couniing records were kepi in re5F£d of th¢ Tn& as r4uired by Section 130 of the Art or the accounts do not accord with those record5: or the acwwits do not compl) with the applicable requiremts toneerning the forni and content of accounts %ei out in the Chariii¢5 (AEWLts and Rem) R¢gulatioDs 2¢M)8 other than any requir¢mei tha¢ th¢ acc()unt5 give a Ift and fair view which 15 fmx a matter considered &s part of an indeperbdeni examination. I have M eoncems ar have come tKTr other matteTS in neI0 with the examirtIon to which attrnti4)n should be drdwn in this TErt in order enable a proper und¢r5thndingof the o)wJts rexhed. AndT¢W Hill Cartwrights C'hartered Ar¢owitants and Bu5ine55 Adviws k¢gency House Bamei Hertfurdshij EX4 4BE 11 2013
'8tentifte Poole Charity Statemeni of Fin4n¢ial.4ctiiiiie5 ror the Ended 31 December 2022 31112122 Tothl funds 31112121 Totsl funds iJ"IirtSlrirted End0neI fund fuThds INCOME Ah+D ENt)OW'mETs FROII InvegtmeTrt income 48J40 23.720 72.060 68,9 EIPENtDITI'RE ON Charitable atti*itits DireLI ihariLqbl¢ expenditwe sUprt wsts 53.815 3,602 57,417 62.291 Totsl 53.815 3.2 57.417 62.291 Net gainlI055¢s) ort inve5m)ents 53.681 } 53.681) 68261 YET INCO%IF.IIEXPE%DITI'RE) Transfers between funds 15.475) 20.116 13i.563) 120.1161 139.0381 74,946 Net rnowejnent in fndS 14.641 (53.679 (39.038) 74.946 RF.C."ON4CILIATIOS OF FUNDS Total funds brought fonward 179.957 608247 788204 713,?5 TOT.4L FI',NDS CARRIED FORWARD 194.598 554J68 749.166 788,? The rK)tes fonn pan of thcse ftnancI swements
I'altntitst Poolt Charlty B4lance Sheet 31 l)¢tembtr 2022 31112122 Total fund5 31112121 Totgl funds Ilnrestridtd EndowmeDt fund funds FIXED.4SSETS InicsiTnenis 554.568 554.568 608.247 CLRRENT ASSETS Cash bank and in hand 21HJ72 204J72 189.611 CREDITORS Amounts f[ing due within one yv io (9.7741 19.7741 19,6541 ET CLRRENT ASSETS 194.598 194.598 179,957 TOTAL.45SF.TS LESS CLRREI)T LI.4BILITIES 194598 554.568 749.166 788.?04 NL'I .45SETS 194.598 554.568 749.)66 FLIN"DS I1n$MCttd fund5'. General fid Endowmeni ndS.. Investment fund Inve5trnent fund Fixed interrsi fund Equitics nd 194,598 179.957 87.961 17? 135 99..535 194.785 28.349 285.578 269.672 554,568 608.247 TOT,IL FIINDS 749.166 The fin ial 5thtements we approved by the Bo&d of Trustees and authorised for issue i a.?. .%i................... aftd were signed on its behalf by: on The notes forni rArt of these fllwicial st*mer
Valentine Poole Chrii Note5 to the Financial Siaiernonts for the l'ear Ended 31 December 2022 ACCObWTIYG POLICIES B85is of preparing the fingntiAI staterneThts "Iht financial 5taiements of the chariTh', which is a public knefii entity under FRS 102, hav¢ been prq>ared in accordance M'iih the Charities SORP IFRS 1021 Accounting and RertIg b). ChaNTies-. Staiement of Recommen(led Praaice applicable to charitics preparing their XWUnL5 in xcordanc£ with the Finan¢Tral ReTh)rting Standard applicable in the LK and Republic of Ireland IFRS 1021 leffeciive l January 20191, Financial R¢rK>rtEng SLdard 102 Tr Financia] Re[ing Sthndard appli¢able in the LIK attd Republic of ITeland' and the Charities Art 2011. The fJnan¢ial sthtments have beerh prepartd under the historical thst contrention. with the exception of InVlments which are included market value. a5 rnodified by the revaluhn of eert&Tr &ssets. Incom¢ All Inrome is rttognised in the Statemeni of Ftnancial Adivtties of the charity entitlemeni ro the fund5 is pbabIe that the income will [eceiN. and th¢ amount can be mcasured reliably. Expenditure Liabilitie5 are recognised a5 exnd]IrE as scx)o as the is a lega] or consmtive obliwion committing chant). to ihat expenditure. tt 15 probable that a transfer of ¢Yonornic benefits will be rt4uired in settlement Ihe amourEt of (he obligion m¢a5ured lIablY. [.X1d]1rC is &LU)unted for on an xen]$ basis and ba5 been Classified under headings 388rewe a]1 cosi Ttlated the ctegory. Where wsts cannot be directl}. attributed to particular headings they have been all0ed kn xtiSlties on a b&8is ¢onsisteni with the us¢ of Grdnts offered subject to C(diti(S which have been mth at the year end date are rK)ted as a commitment not ac¢n &5 exF¢nditure. ut .4llo¢ation &nd apwbrti04ment of eosts SupTX)rt Costs are those that assist the WO of the Charity. bui do directly represent charitsble &tivities abd include office costs. govemance costs and wJministrive payrt)11 costs. They are incurTed dirceily in supp)rt of e.xpenditure on the obj5 of Charity. Ivhere supp(rt costs canrK)r k diredly attributable to particul headtn¥5 have been ailoc&ed cost of raising funds and exwdittrre on tharitablc %itviti¢s on a basis tonsisieni with thL' us¢ of resource5. Th¢ analysts of these costs is included later in the notes to th¢s¢ financMI staiemenl5. Tgn%iblt fixed &ssets DeprL'¢iaiion is PTOI'ided * th¢ fol]owÉng annual r8$ in ordtr write off eh &ssd over its estimated use Computer qutpmeni 25Voon cost Taxation The charitj is exempt frDm tsx Oth Tts charitable liVi11¢s. F'und 8CtouJitin% Unrestricted ndS can be th in ald with the charitsbteobieaive5 at the dis¢reli¢)n of the trusttts. ReS£d funds ran onty be used for particular restricted within the objects of the Charity. RestrÈctio arise when 5pecificd by the Ior when fimds a]r waised forpgrticularrestricted purwbses. The ¢ndowmen¢ fuTLd of the Charity is Inves in various itwestiwts. Invesunents are VUed at their o market kalue at the baian¢e sheet date. Any nei incotning or outgoing resources before investsneni gain5 (Y lossts are transferred ro th¢ unrestrirted fund. Any unr¢dised surplus or deficit on rewalu*ion of inveslments is rnaintsined in th¢ ermlowment fund. unle55 where there is a pernaneni diminution in VUe, in which ¢ase this would trart5fvred 10 unre5trici funds. LX)rtlinued...
1'8lentine Poole Cbarity ilot¢5 to the Financial Stattrnetsts- contimyed forthe l'ear Ertded 31 December 2022 ACCOLiNTIPiG POLICIES- tontinv Donxted g(¥ The charit%. thes receive any thjnated g(ths from the general public. INV'ESTIIEiYf INCOME 31112122 To¢xI funds 31112121 'rot81 funds Lnrntricted Endowrynthi fun(b Rents received In%'esim¢ni incom¢ rkFx)sit acLount Intercst 47.¢MM) 47.000 23.717 l J43 47.IM>O ?1.960 16 73,717 1.340 48.340 23,720 95,780 68.976 TOTAL RESOI RCES EXPEThDED GrDI nding of actii"iti¢s (see note 41 Support Costs I5ee note $1 Totals Direci charitable expendituY¢ 39.286 57.417 GRA• PAYABLE 31112122 31112121 Direci clwitable expendttiwe 39.286 46.618 SLPPOR'r costs Governance eosts M%n#gemeDt 'lotAIs Direct charitsble elndire 16.691 1.440 TRllStEES' REMI"yETIoN AND BENEFITS There w¢re In, remun¢Tm or benefits for the year ¢nded 31 De¢•nFr 2022 nor for the year ended 31 Dec¢mb¢r 2021. There were rK) Ine¢s. expenses paid for the yw ended 31 DernEr ?022 for the jear ended 31 December 2021. continued...
alentine Poole Charity ryoles io the Financigl Siaternents- eontinued for the l'ear Ended JI Ik¢ember 2022 STAFF co¥rs 31112122 31112121, Il'ages at salaries 12.370 IZ370 11,376 The monthly numb¢rof employee5 during they w&s as follows: Administrntion 311122 31112121 No employees JY£eived emoluments in excess of £60.IMKI. TANGIBLE FIXED ASSETS Computetr e91Pment .4t l January 2022 and 31 tkcember 2022 657 DEPRECIATION Ai l January ?02? and 31 Decem ?022 657 •ET BOOK I'ALUE Ai 31 Dember 2022 At 31 t)e¢ember 2021 The freehold land situated in Southgat4 Lonth)n N14. w&$ to the rharity tn 1624 and h&$ never for¥ndly valued. Freehold land is included at its £nil e05t in the bknce sheeL In ihe opinion of th¢ mte¢s. the market value of the frt¢lM)Id laTwJ and tlIdIng5 is in excess of £1 million. The tenants. A4uith Coun Scknl. a rent of £47.IMXJ annurn. FIXED ASSET IvEsrETS Charities Fixed IDierest Fund Equitaes In¢SL Fund £1 units Charitie5 I¢Stent Fund Totsls IARKE'f I'ALIIE At l January 2022 R¢valuations 294,320 34.2241 28.349 {3,5491 28% 578 I15,6) 608,247 153.6791 At 31 December 2022 260, 24,8(h) 269.672 554.568 NE'I" BOOIK I'ALI'E Ai il D¢cember ?0?? 260,096 24.8( 269.672 554.568 At 31 Deeember ?021 294J?O 28J49 285J78 608.247 ontinyed...
'alentine P[le Charity ott5 lo the Financial Ststemthts- conlinwd for ihe l ear Ended 31 Dectmber 2022 FIXED.I&SET IYN"F.sfMESTS- tontinued TheTe w¢r¢ tK) inv¢slm¢nt outside th¢ LiK. Investsnenis arc infyluded at £k)sing mid-mark¢t value the balance shed d. CREDITORS: AMOLYTS FALLING DLE WITHI1% O•iE I"EAR 31112122 31112121 Other creditors 9.774 9.654 MON"LMEt IN FI"NDS TrnNsfer5 Al 31112122 At 111122 in fun(Ls fund5 UDreMricted fund5 Gerteral fvnd 179,957 15.475) 20.116 194.598 Ertdowment funds Invesrment nd Investment fuNI Fix¢d interest fund Equities fund 99.535 191,785 11,5741 1?? 6501 13.5491 4210 87.1)61 17J 135 285.578 (20.1161 269,67? 133.5631 120.1161 5_54.S68 TOTAL FI'NDS 788.!04 139.038 749,166 Net mov¢m¢ni in fuThl& ineluded in the aiwe are a5 follows: Incornitsg Resources expended Gains and 1oiement lo funds I'nresirirted funds General fund 48.i40 151.8151 15.4751 Endowment fuDd In&esiment fund Investment fund Fixed interest fund Equiiies fund 2.627 5.140 720 15233 12.6?71 (5.1401 (7191 4,884 {11 $741 {22.640) 13.5$01 (15.7) 111.5741 12? 6501 13.5491 4.10 23.720 {3.60?1 1$3.681) 133.$6i I TOT.4L FI,'NDS 72.1)60 157.417 (Sj.6811 139,0381 -11 )ntinu¢d...
Valeniine Poote Chrity Poles to the FinnciAI Sttemettts- continued for the Y¢#r Fnded 31 Deeernber 21122 MOI'EMENT IN FiINDS- CODtiDued Comparatiwes for movement in funth Tr*nsfers lth'een funds rnoi'ement in fun(L At 31112121 At Iiir21 Unre5trirt¢d funds Gen fund 173275 14.540 11,2?2 179.95 Endowment fund5 Investtnent fund Investmeni fund Fixed interest fund Equiiies fund 87.169 170,587 30J47 251.880 12J66 24.198 11.W81 44.9?0 99,535 194,785 ?8,349 285,578 {112221 539,983 79.486 111.2221 608.24 TOTAL FLliDS 713258 74.946 788.? Comparniv¢ net movemeni in fundk inrluded in the ab)ve are ¥ follows: Intoming G•in$ and Moi'ement in funds txwded Uttre5tricted funds Generdl fund 47.016 (51.556) 14.540 Endowmtnt funds InTresimeni fimd Inve51rnent fvnd Fix¢d inieJr51 fund Eql(leS fvnd 2560 5.007 813 13.580 12.559} 15.0081 12,365 ?4,199 11.9981 33,698 12.366 24.198 11.W81 (2.3581 21,960 (10.738) 79.486 TOTAL FIINDS 68,976 (622941 68.264 74.946 12. RELATED PAR'f¥ DJSCLOSL'.RES Thtte were rK) Tel•ed party tratonS fvthe ve4rended 31 Dnber 2022.
'9knline Poole Charity Detalled Statcment of Financial Activitie5 for the I'¢gr Ended 31 Decetnber 2022 31112n2 Totsl funds 31112121 Total fund5 Unrestricted (unds Ir4COME AYD ENDOWMEYrs Ini'tstment income Renis received Investment income Dewsit x¢ount intaest 47.IXX) 47.IK)O 23.717 l.i43 47.IXM) 21.960 16 23.717 1.340 48.340 23.720 72.060 68,976 Total incotNiDg re50urc¢s 48.340 23,720 72.060 68.976 E¥PF.YDITI:.RE Chgritable Activities 6Tts to individuals 35.684 3.602 39,286 46.618 Prt Costs Management 12.370 12.370 11.376 1.080 534 Reni Insurance Telephthne Posthge and 51atiunery Computer nLnning 835 518 380 180 835 518 380 180 602 91 16.283 16283 Governance costs AccounLqnCN Legal fe¢5 lJ56 408 408 1.848 1.848 1.356 Total reg)urces exr*nded 53,815 57.417 Net income 15.4751 20,118 14.643 6.68• This rA8e do¢s not fomi part of the sthtutory fmancial -12-