REGisfERED CHARrrY NUMBER: 221)856 A12 Report ofthe Tnutett 4nd Uuudl¢ed Flo1nd Stxtemtmts for tht Year Ended 31 December 2011 Valentl*¢ Poole Cb•rhy
Valelltloe Poole Ch8rity Contents of the FSDandal StstellKnts for the Ytr Ended 31 Dttembtr 2023 RefeTe#ee ond Admlnktrtlve Detsikn Report ofihe Tnuttts Indendent Esmlth¢r's Report St•tement of Fln$nelAI Acdvltiej B¥lace Sbeet Notei to the Flwantlal Ststements 8 to 13 Detslled Stst¢ment of Flnancknl Aetlvltl 14
Vlletttine Pook Charlty Refer¢nc¢ Administratiye Detaus for th¢ Year End¢d 31 December 21123 BODY OF MANAGEMENT Cowopted Thuttts Mr Stephen L8ne Mr ToTry Alderma Mrjulian Teare Wendy PTeniice Mrs Diane De Naeyer 14 Nover2O24 15 Novanber 2025 07 Novetllb¢r 2027 07 Nov¢rnE£r 2027 13 Marcb 2028 Nomlnatfve Trustees Citr Philip Cohen Cl]r EllllDa Wysall Helena Davis 02 March 2027 24 May 2027 21 May2 Clerkth tbe Trnstees W]tor forthe Charity MYS Jane Port PRINCIPAL ADDR8 FoTum Room. Ewth Hall Wo(Ml Street EN54BW REGISTERED CHARrrY NUMBER 220856 Af2 Rcgcncy Hou 33 Wwl StTCft Harfotdshire FN5 4BE
Valentine Poole Charlty Reportof the Trnstees for the Year Ended 31 December20L3 The trustees pres¢ni th¢ir re[rt with the fiuancial statrw¢Dts of the clwity for the yeat ended 31 DeCeb¢r 2023. Tbe ustees have adopted the provisiOtLS of A¢{n[ing and RetKk]tiDg by Ctwitia.. Ststement of Rrnmended Practice applicable to c}ltIeS pr¢paring thcir a¢ts in accorkn with th¢ FinarKial Rwiing Stsndatd appbcable in th¢ UK and R¢wbli¢ of Ir¢l8Dd (FRS 102) (effedive l Janw 2019). The Cbarity was foun&d ill 1624 when Valentine PlIe left valious prqKrties he owned io the ParisbioJTrLYS of the AT]Lllent Parish of Chipping Barnet where he a5 b(m The from these was to be vstyj to belp ne&ly and p)or. This is being done under schemes foTtnul8ted by the Charity conm)1 on 28 Novanber 1980 and the extenda of Benefit, to in¢lude the fonller Urt)an Dastricts of Bamet at41 E&st constituted on 31 March 1965 eEVe from 4 Nov¢ 1991. ObJLtiVeS Dd 21) The obje¢lives of the clwity we. iti EtheraI, to ¢ontinue to rffovidc rclicf in to p¢opl¢ in the local commullity.. review and help where appropriatc for the advauctment of lif¢,' for the ying of a tn)sion to suitsble applicants; ¢nsur¢ the ongoing self-suffi¢i¢wy of the Charity. Perfornnce agalnst Objeettv objectives. Pllblle beneflt the Tntyvs aillLS a1 objective4 in pI?EiD8 kn activities. atsj the 8taDt tnakin8 licY forthe year. Grsntmsking The Tntst fiwtheTS Tts clwitable put for the public bettefit thmgb its gr#nt. FKbli¢y whith ain atr. - providing applIOnS uThJerthe provision for Relief in Need and Advance ofLife grants. - contributing towaTr19 the cost of sch(M)l unif . providing ChrIStll gvdnts and payrnents of ¢](8, to tlM¢ iti fiE)8tiC nee4 all¢L' . contributing io otherCbaTitie5 and Inisati{)8 dealingwith the care ofjwle in need ACHIEVEMEDrf AP4D PERFORMANCE Cbaritsble activitlcs The Trustees have agam thJ"s y, deah with many a1]1¢ the provigithj for Relief in Nce4 and Advancement of Life. and have approvtxl gT&nts of £S(K) (2022: nil) to pay for the prDvisi¢)n of e&sential hov%hold cquipmcnL tra[ c4)sts for needy pLx)pl¥. b()tb youllb the tWE eldErly.Th¢ clwrity Iw towarts th¢ cost of school uDifomi £knAng 2023 ror 24 families tothiling £4.018 (2022: 17 famili&8 totalling Q944 }. Thts year a 'ehristmas aV. of YaryiDg aTMmts (kt*Dthng the sitr of the family, was made to 24 f2JDilies totsijttsg £3 J90 {2022.. 1 I families totslling£l.060). Pawts of PXDsions Eelween £1611 and £220 monthly wue made to In fm81 need and this exdItre tr>talled £33.208 duTin8 2023 (2022: £31. Payrttents totalling £15.614 (21r22.. £3.6ff2) have been made to other Clwities gnd OrganisalioDS d¢a]in8 with the ¢aTe of people in and undeth8 to prDvi¢k Sh seI¢¢S or facilities as mi8ht Other bE IVided by the Trustees undcr iheir approvul Chariiy Co]JJnJissson
V]entAne P4)0]e Charkty Report of Éhe Tru51ee5 for the Year Ellded 31 Dtttnther 2023 ACHIEVEMENf Af4D PERFOIIMANCE lttvesftDtDt ptrftsnnartte inv&8tments, held through wious COIF has been Teviewed by the Tnet5, who aff s9tisfi&l wtth the perfornwjce. Investments nmde thmgh M&G th0pj ID value latfrllY however thre were p)sitt"ve signs ill Q4 Wkth a steep ina$¢ in value. FANcL R£Vw Fknxntial position At the end of the year the clwity bas r¢5ervrs of £769292 (2022: £749.166). The rc%rves held are a combination of Reserves poilcy It is the policy of the charity to ttthintaio futtd& wbicb ate fe tesuvts of the dwity. ai a level which equates to at le&%t twelve OnthS of utrstrictal ex1btt. Thi5 Fwovidcs 5uffi¢i¢llt fiu)ds ttTr ¢ov¢r provision for R¢li¢f iu Nee¢1 grants. purcha* of f£sttve fare and forneedy fatnila£s atchrist, t£nsions and similar charitable activitses. FLfwuRE PLANS The TrustKs th) not cxp¢ct any sigDificant (knBes to th¢ existing a¢tiviti¢s a1 lforn of the ¢harity. save that tky STRucfuRL GOVERNANCE AND MAIYAGEM Governing docurneDt Recruitment amd 2ppo5ntmettt of new trustees Co-oplive tnsSttts aTe apFOiDted by existin8 truths and serve for five years attd Tnay for further five year Nominative trnsttts aff apIlld by the LthKloth Borou8b of Barnct (LBB) for four years and may reappointed by LBB forfvrtheT 4 yeartern. The Charity tycognises that people aTe its Im[ a1 inductiofj atyj tra¥niTg is widej for all Trustee& staff voluntee[5. The follong changes to trustees ¢xcwryJ diry the year. frPeter Cra88 fr Briall Sa]iDgcr Mrs Brenda Sandfonj C(yi¢d ttwt¢¢ Co4)pted trustee NominatÈve tnLSt¢e Retired 18 Juty 2023 Rdirnj 14 Matcb 2023 RlJk mana%emtht The bwtett have a duty to tdcntify and review the risks to wbich the chaThty is extA)5&I and to ensu appropriate controts The Tne hav< &% U5L7al. met three times durÈn8 2023, and Iwe kwt a close watrh on the Ch2rity's a¢tiwties. They wisb to acknowlcdgc their most grateful thanks to Clerk and visitor, Mrs Jane Porter. NoDe of this valuabk service to people in need in the conJmuDity wuld bave been provided with(¥Jt ¢fficicnt aTHI caring s¢rvic<.
Vajenthie Poole Charfty RepDrtof the Trnstees for the YeAr Ended31 Deteth 2023 ApptOYLryJ by order of thelthrd of trusts on......_............... ..... .... sod &gol on its tehalf by: Mr Stcphe Laoe. TnLStee
Independertt Exminer's Report to tbe Trwteuof Vlentine Piwle Charity Jndependtnt txanthier'l report to the trvsteu of V•kmtine Poolt Chrity I r¢port to th¢ ¢harity tnL¢ on my ¢xamiDkn of th¢ xcimmts of Valcnlinc Pook Cljarity (thc TnLSt) for th¢ yw ¢nded 31 Dtyber 2023. Responsibilit1 and basls of report As th¢ ¢harity tsu%tees of thc Tr1 you gre 8wIbk for thc w4ratIon of the eounts in acconlance with the requirements of thc Chariu&8 Act 2011 C¢1 A. I retM)rt in JEsix(a of my exarnÉllation of the Trwvs xeounts un(kr Sxtion 145 of the Act ar in Carryi out my exwnination I have follow arvlic#blc DireCtm) given by th¢aJarity G)mmissb)n urth tIOn 145(5Xb) of th¢ Art. Independent exmlller'i Jtstement I have completed my examin10. I cottfiml that no rnat¢rial matth have come my attention iti COnEtiOn with the eXAminalion ¥ivinM me cause lo b¢li¢v¢ in aoy material Spt. £1ng re¢oyds were TM)t keo in of th¢ Tn•S rn4uireJJ by sl0n 130 of th¢ ACL or the aecouni$ do M accord with r¢cotd4' or the 8¢¢ounts th rK)t c(xnply with thc applicabl¢ tWUltrIts concernin8 the forrn ar eont¢ni of attounts oui i the Chatiues (Ac¢ouots aul RqKKts) Rcgu18tioL8 2(K)8 other th8n 8ny requirerneni the accounts 8ive a true and fair view whieh 1$ rtoi a mBttcrconsidered as of 8n Indepthnt cxaminatio I h4v¢ M concerns hav¢ ¢(Kn¢ no other maua¥ in (x1ntitioD with the examinauon to which ntion Should be drawn in thi$ r¢port in Orderto enable a prcgttutththttding of the xcounts to be re*hed. Andrew Hill Carttvrights Re8cncy How¥¢ 3.3 Wood Strttt Bam Hertfordshit EN5 4BE
Valentine P(le Cbarhy" Ststenwnt of FI#¢1 Aetivrts for th¢ Yw E4ded 31 Dettmber 2023 31112123 Tot fund5 3J112n2 Total funds fulld fund5 INCOME AND ENDOWMEIY15 FROM 53.088 24.085 77.173 72,060 EXPENDTfuRE ON Charltable Aetlwltte8 DireLI chdri(able expenditure Support costs 59.805 16.114 75.919 37,417 'I'otl 59,805 16.114 75.919 57.417 Nct 8ain8100ssc8) on invesm)ents 18,1172 18,872 (53,681) NET INCOMEI(EXPENDITURE Transfers between funds <6.717) 7970 26,843 (7.970) 20,126 (39,038) Net m•vemeftt l# fvndi 12S3 18.873 20,126 {39,03R) RECONCII.IATION OF FUNDS Total fun& bmught forward 194.598 554.568 749,166 788.204 TOTAL FUNDS CARRIED FORWARD 195.851 573.441 769,292 749,166
ventIne Pook Charlty Bal8Hce Sheet JI Deeeml>er 2023 31112n3 31112r22 Total funds Totsl funds FLITD ASSETS Investments 573,440 573,440 554,568 CURRENT A&SETS Cash &Lt bank and in hand 205.627 205,627 204.372 CREDITORS Amounts fallin8 duc within onc ycar 10 (9.775) (9,775) (9,774) 195.852 195.852 194.598 IO'I'AI. ASSb;TS LESS CURRENT LIABILJTILS 195.852 573.440 709.292 749,166 IYET ASSETS 195,852 573.440 769292 749,166 FUNDS lJniEstrictsd fiLtbJ8'. Gcnerdl fund Endowment fund5'. Inveytmcnt fund Invesllneni fimd Fix in¢r¢st fund Fquities fund 195,852 194,598 87,961 172,135 24.8(Ml 269.672 187.953 26.1011 263,335 573,440 554,568 TOTAL FUNDS 769292 749,166 The financial statements were apwovoj by the of TTu*¢e5 and allth for issue on .... ..... .. J.. .KJbY.. and were siBn¢d on its beholf by: Mr Stcph G Lan¢. ThJ5tee
V•kntlne Poole Chajlty Notes tty the Ststents forthe Yetr Ended 31 De¢t4thr21LI AccouNfiNc POLICIES BHs1s ofprewlng the finandal ststeuwits The statcrnts of thc chdriry. which is a public lllefit eniiiy utthr FRS 102, bave been prep1 IJJ accordance with the C.haritie5 SORP (FRS 102) 'Ac¢ounting and Rerting by Clwities: Ststement of RecollJmendcA Practi¢¢ awjlicablc io clwritics prql their acujunts in accordance with the Flljaucial ReportiD8 Standard 8ppli¢able in the UK and Republic of Ir¢JatKI (FRS 102) (efftIve l January 20191,. Financial Reporting Standard l(r2 The Financi81 Reporting StaTMlard atoiicable in th¢ UK aDd Republic of Iland, and the Cbaritie5 A¢t 2011. The finw]¢Èai 5tatcuThts havc tcn ttd UTkn the bistsjrical ¢onv¢ntioo with the excLption of invesknents which are iticliKkd * m th &SnKMlifie41 by the 8110 of cerfain asset& Income Ail income is recognis¢d in the stsiement of Financial kntiviti¢5 m the charity has cntiuement to the li is probable that th¢ income will be e1ved and the anLED1 can be meLr] lIablY. Exp¢ndl4r• Liabilities tsye reco8ni5¢d &s expenditure as sty)n as there is a le881 or ConStve obli8ation Committing the charity lo that expcndiwre, it is pmboble that a transfer of cnoMic Frtnefits will m4Uirtd in setttcment and the amount of ihe obli8aliou can measu reliably. ExnditUTe a¢cImt for on an P81$ b1$ and has bccn classified under headings that aggregate a]1 co# teled to the les(MY. Vlh¢re ¢osts cannot dIrY attyibut&J to particular headingy thcy have allocatvl to xtiviti£8 on a Frtsis consi&eDt with the use of [cUrceS. (Irunts. off¥rgd subjeKt to wlliOnS whKh have Thx been at the year thd date 8r¢ noted a8 4 ¢ommitment but not AeLnl &8 exrthdi1U. Allotdon a •ppDriloDmeDt of colts Support ¢05ts 8r¢ th¢)se that assi th¢ work of the Ch&rAty dirwtly r¢pr1 cbaritsbk activiues aiml in¢lude office costs. governonce cosls and T•JminishJiive PayToII ¢osts. They are incurred diray in support of expendiMre on the objects of the Chwity. Where suNN)rt costs cannot be dIttlY 8ttributabl¢ to p8rtiwEar h&ings they have be¢Th allated to Cost of raistng fiu)ds and exmIllUre ott charitable activitie8 on L basi$ c¢)nsis¢cnl with the of resou. Th¢ ttrwtysis of th¢8¢ is latsr in the notes to these financial sthtements. Tan%lble flxed Msets Dcprcciaiion is provLd¢d at th¢ followin8 annual rths inotderty writ¢ off each t0v# its c5timated usefvl life. Computer equipment 25% on ¢ost TAidon The charity 18 u(empt froro on its ¢h8ritsble wivili Fund 4cwuDthig Unresiricted funds can be uged in with th¢ ¢Fwitsbk obj¢¢LiV¢S th¢ di8¢wuon of th¢ ttwtees. Restric1 fun(ts Lan only be for paniLllddr rUtriC puryx)¥ts within the objLfs' of the ¢JJarity. R¢siriL(ions arise wtm splf1 by the donor or when are r8is&J for parti¢ul&t resttiLXod pury)ses. value at the bthte sheet da*. Any unrealised surplus or deficit on revaluation of investhKnts is nIn1ncd in thc cndowmcnt fiuKi, unless whcrc ¢ODtinued...
V)entlne Poole Cknrfty Notes to the FlpanciAI Ststernents- Lntlllued for the Yegr Ended 31 December 21J23 ACCOUNTING POLJCIES- ¢•ttittoed DonAted go(rfls Thc charaty d. DDI e1v¢ stty datrd from the wbk. INVESTMENT INCOME 31112n3 TotAI Ddj 31112ll2 Unreknieted Endowment funds Rents r¢b¢iv¢d Inves¢meni income Deposit account interest 47.(KK) 47,(MK> 24.085 6.088 47,0(K) 23,717 l J43 24.083 53,088 24.085 101.258 72,060 TOTAL RESOURCFS EXPENDED Grant dlni of Support costs (set Dote 5) (see note 4) Totalj Direct chhritabl¢ ¢xNditure 56.731 19,188 75,919 GRANTS PAYABLE 31112123 31112122 Dire¢t chwritsblc expdIturE 56.731 39,286 SUPPORT COSTS M#$eMent (tther 2 Tota Direcl charitable exnditUte 15.873 75 3240 19.188
Vthntine P(wie Cbarlty Notes to the FinY4neial Stt¢mthts- for the Year Ended 31 Deeembtr 2023 TRUSTEES, REIWUNERATIOIY AIYD BENEFrTs Thcrc wer¢ no UnCOn or trKneA]ts fot th¢ yc4r ¢tsj JJ De£ember 2023 llor for thc year ended 31 Decemtr2022. Trnsteu. expense There wcr¢ no ext&¢8 pAid for the y¢•r JI 2023 nor for the year ended 31 December 2022. STAFF COSTS 31112123 31112n2 Wage8 aThl bal8ri& 11,6811 12,370 11,688 12.370 The average monthly numbwof emplo olrrin8 the yetrwas u follows: 31112123 31112122 No employees rK¢ivrAI emoluments ID exLW of .(. TANGIBLE FIX ASSEIS Computer equlpment COST At l Jgnu#ry 2023 and 31 Lkeember 21)23 657 DTr,PREI.'IATION At l JBnukry 2023 4nd 31 Dec¢rth 2023 657 NET IIOOK VALU AI 31 Denkn 2023 Ai 31 Dxember2022 The frcchold 18lld sitU8ta tD S(MJth89fr. London N14, was donAt¢d to the clmrity ill 1624 and hos n¢v¢r been fornially Yolud. Fttehold land is ]luded 4t its £nil c(6t ID thEb&lTe sheet. In the opiDion of ttwtee4 the nwkct value ofthe freehold larMI aTrJ buildillgs is in exce&5 of £lmillion. The tenallty Asquith Cow¢ S¢knl? pay a rent of £47,IKKlp¢r anttunL
Valentine Poole Charity fvlote5 to the Flnancia] Ststemettts- contiDved for the Yegr Ended 31 December 21123 ChaTities Equlties InvesL Fund £1 Interest MAIU(ET VALUE At l January 2023 Rcvaluatio] 260.(YJ6 23901 24,8(4) 1.308 269.672 (6,337) 554568 18.872 At 31 Decem 2023 283991 26.108 263,335 573.440 NET BOOK VALUE At 31 D¢ceTnb¢r 223 283.997 26.108 263J35 573,440 At 31 December 2022 24.8 269.672 554,568 Inv¢sttn¢nts are in¢luded at cl(Ksmg mid-llMTkrt walur atts bthDre shed date. CREDITOILS: AMOUNTS FALLG DUE wrrHIN ONE YEAR 3V12r2J 31112r22 9,775 9.774 ii. Tr*llslers bthee Dds DverneD1 At 31112n3 At inn3 Uorestrlded (6.716) 7,970 195,852 Endowmtnt fvtsd$ Investment fuTMI IDvestsnent fimd FÉxed interest fuud Equiti¢S fund .961 172.135 24.8 269.672 8.083 15,818 1.308 1.633 96,OH 187.953 26.108 (7.970) 554,568 2A842 (7,970) 573.440 749.166 20.126 cont]nu...
V41endtte PIe Charity Ntstes to the fittwKial Ststwnettts- ly¢5e the Year Ellded 31 December 2023 ii. Ncr 0vement in includal ID the th)ve are &$ follows: IDcomlng Gains gnd losses M•Y¢mellt e4llded Unrestricted fonds GeneTai fiRnd 53,088 {59.81M) (6.716) fvnd5 2,637 5.160 598 15.69) (2.6371 (5.1601 (598) (7,720) 8,083 15,818 1,308 (6.337) ]nvestment fund Fixed interest fi]nd Equilies fi[j 8.083 15,818 1,308 1.633 24.085 (16.115) 18.872 26.842 77.173 (75.919) 18.872 20,126 Comparntive5 for movetnent in fvwds Net moveJDent in funds TraBsfers betwee nd5 At 31112n2 At 111122 Unrtslrided funds General fiEnd 179.957 (5.475) 20.116 194.598 EDdowmeDt funds Investment fimd Investment fimd Fixcd interest fid F4uitiu fi]od 9)535 194,785 28J49 285578 (11574) (21650) {3549) 4210 87,961 172,135 24,8(Kl 269.672 (20.116) fA)8247 (33,563) (20.116) 554.568 TOTAL Fvf4DS 788204 {39.038} 749.166 -12-
Valentine Poole Chaiity Note5 to the fin8ncial St8terneDts- continued ror the Year Ended 31 Dtttmber 2023 tl. Crjjnparative w nx)vanot ID fimd& Ih¥jed in the aknve are a5 fOlkn.. G*lns thnd Movement nds Unresiftcled fud$ Geneial fulld (53.815) (5.4751 Endnsvment funds tnv¢stm¢nt fvlld luvcstjnent fvnd Fixed interest bmd Equities fiEttd 1627 5.140 720 15233 (1627) (5.140) 1719) 4.884 {11574) (22,650) {3,550) (15.907) (11.5741 {22,6501 (3J49) 4210 23.720 (3.602) (53,681) (33,563) TOTAL FUNDS (57,417) (53.681) {39,0381 12. REiATED PARTY DJSCLOSURL8 Ther¢ wff¢ no reiatcd rffjrty tial0S f(Tthe ycar¢nthd 31 Dec¢mttr2023.
Vllentine Poole Charity D¢tsil¢d Ststement of Adi*i¢ for the YeAr Eaded 31 Ikrember 2(I23 31112r23 31lJ2r22 Total fvnds nds llds Inve5ttnent Income Rent5 rtteived ItJves¢tneol illCOEtJe Deposit account int51 47.(MK) 47.0(K) 24.085 6.088 47,000 23.717 1,343 24.085 088 53.088 24,035 77.173 72.060 Totsl incomlng re8ources 53.088 24.085 77,173 72.060 CharitAble a¢tiTri¢ies Grants to individuals 40,616 16,115 5A731 39.286 suPbrt ¢0815 MangeMent Wages 11.688 11,688 12.370 641 835 518 380 Teleplx)ne Postage and ststionery C4)mputcrrLJntsing 398 186 186 15,873 15.873 16.283 Othcr 2 Advwtising 7S 75 Goverte eosts Accountancy Legal fees Professional fees 408 1,8(M) 3240 3.240 59.804 16.115 75,919 57,417 Net income {6,716) 7,970 1254 I4,3