REGISTERED CHARITY NUMBER: 220856 A12 Report of th¢ Truste¢s and Unaudited Financial Statements for the Year Ended 31 Dteember 21125 for Valenlin¢ Poole Charity
Vstlentine Pook Chthrity Reference and AdmTni5trative Details for the Year Ended 31 D¢cemb¢r 2025 BODY OF MANAGEMENT Cowopted Trustee5 Date Otrie¢ Terminatss Mts Helena Davis (Chair) Mrs Wendy Prentice {Vice Chair) Mr Stephen Lane Mrs Diane de Na¢yer MrJulian Teare Mr Tony Aldemian I l March 2029 07 November 2027 14 November2029 13 Mar¢h 2028 07 November 2027 15 Nov¢mber 2030 Nominative Trnste Date Offiet Terminates Cllr Philip Cohen Cllr Emma Wy5all Cllr zahta Beg Cllr Edith David 02 March 2027 {temiinated I l November 2025) 24 May 2027 (ternitrted I l NoveTnber 2025) 28 FebTuary 2028 {*m]inated I l Novomber 2025) 22 May 2028 (terminated I l Novernber 2025) Ckrk to the Trnstees Mrs Jane Porter Viaitor for the Cbarity MTS Jane Porter PRJNCIPAL ADDRESS Forum Room- Ewen Hall W(x)d Street Barnet REGISTERED CHARITY NUMBER 220856 A12 INDEPENDEf4T EXAMINER Cartwrights Chartered Aecountsnts and Business Advisors Regency House 33 Wood Stre Barnet Hertfordshire EN5 4BE
Valentitte Poole Charity Report of the Tnjsttes ror the Year Ended 31 D¢cemb¢r 2025 ACHIEVEMENTS AND PERFORMANCE Investrnent perforMaee Investment income, laT8ely from propW rentsl, is in lin¢ with eXCtatiOnS bui 15 significantly higher than tn previous years due to back-dated rent receivable reflecting the agreed rent review5 for 2017 and 2022 and totalling £213.750, which have been formally agreed with the ienanl after the balance sheet date but b¢fore the date of signing of ihese finaneial slat¢tnents. Further details can be follnd in the notes to these financial siaieillenis. LIsd investments, held through various COIF funds, has been review¢d by the Trustees. who ar¢ satisfted with the rf0Mn¢c. FINANCIAL REVIEW Flnan¢iMI position Ai the end of the year the charity reserves of £1,042.474 {2024.. £787.8561. The reserves held are a ¢ornbination of unrtstri¢ted and endowilleni funds. Resetrwes policy It is the policy of the Charity to maintain unrestrict¢d funds, whi¢h are the free resetves of the chariiy. at a level which uate5 to ai least twelve months of unrestricied expenditure. This provide5 suificient funds to cover provision for Relief in Need. grants, purchase of festive fare and gifts for needy families at Chri5tsllas, pensions and similar ¢hariiable aetiwities. FUTURE PLANS The Trustees do not expect any significant changes to the existing activities and perf0mnce of the charity, 5av¢ that they will be supporting youth oruanisations. We aim to provide 5 defibrilators in and around the area of benefit to the Charity's operations. STRUC.TURE, GOVERNANCE AND MANAGEMEKr Governing document The charity is Controlled by its governing document, a deed of tnjst and constituie5 an unincorporated charity. Recrnitment and #ppointmetst of new trustees Co-opiive trustees are appointed by existing tnis*es and serve for five year5 and tnay be reapinted for further five year iemis. The Charity recogntses that people are its mosi impottsnt assets. and induction and training is provided for all Trustees, staff and volunteers. Mr Stephen Lane resigned as Chaimian oil 18 Mar¢h 2025, with Mrs Helena Davis pr0jn0d from Vi¢e-Chaimian to Chairnian and Mr5 Wendy Prenti¢e appointed as Vi¢e-Chairman on that date. The Irustees wish io platt on record their thanks to Mr Stephen Lane for his time as Chaimian and for his loyalty to the charity durin&T his tenure Nomifiative trustee5 are appointed by the London Borough of Bamet (LBB) for four years and may be reappoinied by LBB for further 4 year iernis. Tstee5 who have not attended meetings during (he preceding twelve months will be deemed to have retired with LBB asked, where apropriaie, to nominaie replacements. All four nominative trustees had their terni$ ended on I l Ngvemtr¢r 2025 due io non-attendance at trustee meetings during the previou5 twelve months. Risk manag¢Thent llie trusS have a duty to identify and review the risks to whieh the ¢harity is eXsed and to ensure appropriate ¢ontrols are in pl¢ to provide re&sonable assurance against fraud and error. The Truse$ have, as usual, met three times durin8 2024 and have kept a close watch on the Charity's activities. They wish to acknowledge therr most grat¢fiJl thanks to the Clerk and Visitor. Mrs Jane Porter. None of this valuable service to people in need in the community could have been provided without her efficient and carin8 service.
Indep¢ndent Ex#miner's Report to the Trustees of Val¢ntine Poole Charity Independent examiner's report to the trust¢es of Valentine Pool¢ Charity I Teport to the charity Itee$ on my examination of the accounts of Valentine Poole Charity (the Trust) for ihe year ended 31 tkcember 2025. Respon$ibilities and basa5 of report As the charity trustees of the Trust you are responsible for the preparation of the accounts tn accordance with the requirements of the Chariiies A¢t 2011 I'ihe Act?. I report in respect of my ¢xamination of the Trust's accounts carried out under Section 145 of th¢ Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{51{b} of the Act. Independent examiner's 5tAtement Sin¢e your Charity's gross income ex¢eeded £250.IK)O your examiner must be a member of a liSd body. I can confjrm that l am qualified to undertak¢ the exAminaiion because I am a member of the Instiiu* of Chartered Accountants in England and Wales, which is one of the listed ix)dies. I have completed my examination. I confirm that no material matters have ¢ome io my attention in connection with the examination givin8 me cause to believe that in any maierial respect.. accouftting records were not kept in respect of the Trust as requtred by Section 130 of the Aci- or the accounts do noi accord with those records. or the aecounts do not comply with the applible requirements conceming the fomi and content of occounts s out in ihe Charities (Accounts and Reports) R¢gulaiions 2008 other than any requirement that th¢ accounts give a true and fair view whi¢h is noi a matter considered as pan of an independent examinaiion. I have no collcems and have come across no other matter5 in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper undeT5tanding of the accounts to be reached. Andrew Hill Cartwrights Chanered Accountants and BusEness Advisor5 Re8en¢y House 33 Wood Stieet Bamei Hertfordshire EN5 4BE Date..
Valentine Poole Charity BAlanct Sheet 31 D¢eemb¢r 2025 31112r25 TotHI funds 31112124 Total runds Unre5trieted Endowment fund funds Not¢s FIXED ASSETS Investments 10 621,053 621,053 587,518 CURRENT ASSETS Debtors Cash at bank and itb hand 213.750 216,945 213,750 216.945 430.695 430.695 CREDITORS Amounts falling due within one year (9.274) 19274) (9.7731 NETCURRENT ASSETS 421.421 421.421 200.338 TOTAL ASSETS LESS CURRENT LIABILITIES 421.421 621,053 1,042.474 787,856 NET ASSETS 421.421 621,053 1,042.474 787,856 FUNDS Unrestricted funds.. General nd Endowment fijnds.. Investm¢nt fijnd Investment fitnd Fixed tnierest fund Equities fund 13 421,421 200.338 93.512 182.999 27,521 317.021 98,213 192.199 26.906 270,200 621.053 587,518 T(yfAL FUNDS 1,042,474 787,856 The financial ststem¢nts were approved by the Board of TnJs¢ee5 atml outhorised for issue ..-2/.Z.../z.A4.2And were signed on its behalf by.. on Mr5 Helena Davis- Trustee The notes forni part of these financial statements
ValentlNe Poole Charity Note5 to the Fillancial Staternents- continued for Ihe Year Ended 31 D¢¢ernb¢r 202.5 ACCOUNTING POLICIES-fontinued Donaled good5 The charity doe5 not receive any donaied goods from the general public. INVESTMENT INCOME 31.12.25 Total nds UnTestricted nds 31.12.24 Total fund5 Endowment funds Reni receivable Invesiment income tkposrl aOUnt interest 260,750 260,750 26,454 6,514 47.000 25,094 7.429 26,454 6.514 267.264 26,454 293,718 79.523 TOTAL RESOURCES EXPENDED Grdnt funding of activltie5 (s¢e not¢ 4) Support ¢05ts (see note $) Toti15 Dire¢t charitabl¢ expenditure 50,604 22.031 72.635 GRANTS PA YABLE 31112n5 31112n4 Direa charitabl¢ expenditure 50,604 57.125 ontinued...
Valentine Poole Charity Note5 to the FinAncial Statement5- tontinued for the Year End¢d 31 Decernbtr 2025 TANGJBLE FIXED ASSETS- continu¢d The freehold land situ*ed tn Southgate. London N14. wa5 donated to the charity in 1624 and has Rever been fornially valued. Freehold land is included ai its £nil cosi in the balance sheeL In the opinion of the trustees, the market value of the freehold land and buildings is in excess of £ Imillion. The tenants, Asquith Court S¢hool. poy a rent of £80.000 per annum. FIXED ASSET INVEsfMENTS io. Chariti¢s Fix¢d Interest Fund Equities Jnvest. Fund£1 units Charities Investment Fund Totals L4RKET VALUE At l January 2025 Revaluations 290,412 (13.901) 26,906 615 270.21K> 46,821 587,518 33,535 At 31 December 2025 276.511 27.521 317,021 621.053 NET BOOK VALUE At 31 Decetnber 2025 276,51 27,521 317,021 621,053 At 31 December 2024 2},4]2 26,906 270.200 587,518 There were no investmen¢ a55ets outside the UK. Investments are included at closing mrd-market value at the b8lance sheet dale. DEBTORS: AMouNfs FALLING DUE WJTHIN ONE YEAR 3111212S 31112124 Prepayments and accrued income 213.750 continued...
Valentine Poole Charity Notes to the FinanciAI StatemeNts- Continued for the Year Ended 31 Dec¢mber 2025 13. MOVEMENT IN FUNDS- continu¢d CompAratives for movement in funds Net movement in funds Trnnsf¢rs between funds At 31112124 At 111124 Unrestricted funds General fund 195,852 3,582 200.338 Endowment funds Investment fijnd Investment fund Fixed interest fund Equtties fvnd 96.044 187.953 26.108 263,335 2,169 4,246 798 10,447 98,213 192,199 26,906 270.200 (3,582} 573.440 17,660 13.582} 587,518 TOTAL FUNDS 769,292 18,564 787.856 Comparative net movement in funds. included IN the above are as follows.. l•comitkg resource$ Resources expended Gains and losses Move¥nent in funds Unrestricted fuod5 General fund 54,429 (53.525) 904 Endowm¢nt fund5 Investment fund lrtvestment fund Fixed inteTest fund Equiiie5 fund 2.672 5,232 674 16.516 {2,6731 (5.232) {6741 (12,934) 2.170 4,246 798 6,865 2,169 4.246 798 10.447 25,094 {21.513) 14,079 17.660 TOTAL FUNDS 79.523 {75,038) 14.079 18.564 14. RELATED PARTY DISCLOSURES There were no related party transactions for the yearended 31 De¢ernb¢r 2025. ¢ontinu¢d...
Vglentine Poole Chority DetAil¢d Statem¢1 of Financial Activitle5 for the Ye&r Ended 31 Deceer 2025 31112r25 Tol81 fund5 Unrestricted fund5 31112r24 Total funds Endowment fund$ INCOME AND ENDOWMENTS Investment iNcomt Rent receivable Investment incom¢ De>$11 account interest 260.750 260,750 26.454 6.514 47,000 25,094 7.429 26.454 6,514 267,264 26,454 293.718 79,523 Total incoming re50urees 267.264 26,454 293,718 79.523 EXPENDITURE ChAritabl¢ activities Grdnts to individuals 32.081 18,523 50.604 57,125 Support Costs MAnagement Wages Rent Insurance Telephone Postage and 51ationery Adv¢rtj5ing CompuieT running 12,729 2,160 728 886 451 12,729 2,160 728 886 451 12,210 1,605 670 849 410 75 277 277 17.231 17,231 16.430 Covernanct costs Accountancy Professional fees 1,500 3,300 1.51MJ 3.300 1,483 4.800 4.8(K> 1.483 Tofal resources expended 54.112 18,523 72.635 75,038 Net ill¢ome 213,152 7.931 221,083 4.485 This page dcts not fomi part of the slatutory financial statements