Charfty r¢olstratir•n numb•r a3983 THE VALLEY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
THE VALLEY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Rthard Femte, FRSA- Chair (reswned 29 October 2025) Peter Stansfield. 8A Ben Elggr. LL8 Amanda 'fkpatrk Msc Anjula Sharm&Snith Carol Horlcrk Shaun Peter Mxdonald BErrfJ (apptiinted 19 February 2025; aprKJinted as Chair 29 October 2025) Oluwarolimi Akint*J8- Treasurer (appointed 29 October 2025) Charlty number 293983 Prln¢lpal addrn•s 2 Norfolk Fam Ch)8e loki Surrey GU22 8LL Ind•p•ndont •xamlnw Gavin Br(p1 A8hur5t House, Cedw Road Vibking Surrey GU22 OJJ
THE VALLEY TRUST CONTENTS Trustees, rewt 1-3 Staterrent of trustee6' respS[bIlrt IrKlependent Examiner's rewrt Statement offinancid actNrt ance Sheet Notes to the ffinanc statemnts &14
THE VALLEY TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2025 The trustses presenttheir re[ and fina&31 statonwts for ltr year ended 31 Juty 2025. The financMI $taterrEnts have bèen prepared in a¢eordance wrth the accounbng poIles set out in note 1 to the ffinanal staterrents and compty with the chartty's trust dwj. Ihe Charib'es Act 2011 and "Accounting and Reporting by Chariknes.. slaterrt of Rnmended Practice applicabfe to charltles preparing their ac¢ounls in accordance with the Financial ReFKJrting Standar(l applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019).. Obj•etlve• The Trust provths wofessional indew)dent ClrellIng to children In the school 0nv1ronnL Counselling is undertaken by salf-employed accredited counselkys with exporiance of working with children. betsveen S & 18 years of age. It prirrorily op8rates within Surrey and adjacent area8 of sumunding counties. Schools a(fvise the Trust of the hou requyed per Eek and are involced either ttnIh by except or mainly termty in advance. As the serrfice is ProVed through the schrM)I, and paid for by them. n pupils are excluded for personal financial reasLYffj. The trusle85 have ward to the guKlance issued by ts Charity Commk8slon end in their view the Trusts, activities fulty compty with Ihese requirets, knOWJgIng that bost praclKe require8 a Continuous Improv8ThnI mirthtset. Rhk a8•M•mont Managent conducts an annual Tisk assessment to idonb.fy any risk8 to wthi¢h the charity may oxposed and to estsblish procedures and systems on an ongoing basis to mitwate these risks in Ilne with Charity Commlssk)n guidelines. Thts ha8 been iJenbfd as an improverrtht aa for focus In the new financial year. Achl•v•m•nt8 and p•rfornMn The Trust has FKovlded eouns8llln9 Serv8$ Lknen 45 and 50 schools durirKJ the year. for the complete 3 terms and utili8ed the servw of between 25 arKI 30 counselk)rs. As seen by the financial income the Trust has been successfulty sustsinlng ts seNws and the total number of hours counselling in Ihe ytsr was r¢a lo,6. Evidence shows that on4ite indeperKlent counselling has seen a reduction in psychological stress in pupils who have access to it. as well a8 improvement in behaviour and educional achwements. A $uNey ty the British Asscciation of Counselling & Psychotherapy {BACP} shr/ed that.. 86% of responders belleved that counselling irniKoved school attendance. 73% b•li8ved that it helped irryove behavir. 73% beliwod it imwoved •JeMI¢ hlernents. The Trust conlinues to improve CLThnwnKations Iwih sc1K$ and our counselk)rn to I1bj on the high standard of servlcè already offered. Surrey and Borders NHS Foundatbn Trust are planning a roll out of funding for mental health support to schoob. As they Ing resources on toard this may well adversely affect secondary state xh¢)ds continuing to lake our serytis and new uptake. The prNate sector, whtch is approximatety a quart6r of our $thr**. is uThJer FKessure from frdllKw numbers due to the addrth)n of
THE VALLEY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2025 {continued) VAT to fees. which may require the Trusf5 SUPPOrt to push UnSellIng charges on to parents. The trustees will I)nitOr both sectors closety. however, remains confident in its apwoaGh. As a self-funding charity, the Trust has no fundTaising activrties. The Tnjst occaSnallY supports schooL8 with discounted counselling for short periods when Circumsta[e$ dKtate rt is in the best interesl of the young peopte. Forward Vl•w In tho context of a thaTr3ing landscape the tru8tee5 ¢ompthd a strategt review. eThJaging in a sector ltterature review and conversations with a wide range of stakehderS. Trustees reconfirmed the setvice demand across primary. $ary and cofiege Schools, ifs business rrodel and geographK fccu$. It set itself the objectNe of doubling in 5 years, whibt identifying $oUrce. system and financial implicaltr?n$. Trustees also ofiected on areas for govemance iMprovenn( including the Fotential benefits of nKsving lo a Charitsbl8 Incorrted OrgantsalA)n. TheTrustwll progress the regulting action plan in the new financial year. Flnanclal r•vl•w Revénue for the year ended 31 Juty 2025 vms £449.361 (2024.. £459.9751. In 2024-25 we made r¢0 grants compared wrih £6,111 In 2023-24. R•s•r¥•• pollcy The Trustees, pJlicy b to maintsin unrestricted reserves al a thl al ast wU1vanI tt) total costs for the next three months. which would anKJunt to apprornatety £109.584. At 31 Juty 2025 the Tru81 had unre8tricted fvnds tolalling £194,713. Inv••tment pollcy The TrusteeB' polty ts to hokl suTrlent fvnds to meet day-to4ay operatlng rnquirements on demand. with any surplu$ fvnds invested on deposrt for one year or bss. During the year ended 31 July 2025 the surplus cash fvnds ol1tt6 chanty were held in on4emand and fixed term deposrt accounts with various banks. Al the financial organisatms wrth whom funds are Invested are authoTf5ed and regulated by the FSA The deFKJsit xcounts were selected to pruvvje securrty for the hjnds. 8tNeturn. govemanco and managem•nt The Valley Trust Is governed by its Irust deed. The or&inal trust deed was dated 18 March 1986 and was amended on 7 April 2¢XI5. The truslees who served during the Peri1 and up to the date of synature of tho financial slatements were.. Richard Femie. FRSA- Chair IresvJned 29 October 2025) Peter Stansfiekt, BA Ben Elger, LLB Amanda Kirkpatrick BA Msc Anjula Shamia-smilh CaToI Horlock Shaun Peter Macdonakl BEng. MBA (appointed 19 February 2025,. appointed as Chalr 29 October 2025) Oluwarotimi Akintade- TreaSUr (appotnted 29 October 2025)
THE VALLEY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2025 (¢ontInu) The Trust Deed Spec05 that there should not be less Umn four trustees and nol moro than eigit Ihat the trustees can appoint new trustees and that any trustees so appoinled musl stand for eteclion al the nèxt Annual Gerkefal Meeting. Every tnjstee i8 elected to olTKe at an AGM for a period of three years unless he or she dies, resigns or is certified as unsound in mind. A retiring trustee Stand for r election at the Annual General Meeting at the end of their th-year temi in office. The Trustg8s note Charity Commission $t practice 1$ 2 temts. wth potentlal to be 3 in eeptronal circumstsnces. and can roFQrt it is fulty compliant. The Chair is responsible for the induction and tiaifting of nvwtru8tees. Support requlreme#nts will depend on the experienc8 of the new trustee and tsir prior kncNAedge ol ihe counselling work undertaken by the Val Trusl. None of the truste98 re4Ve any remunerallon for ts v4Drk ¢ary out for ts Trust as a trustse. None of the tru8te88 has any benefla1 Interest in the Trust One trustee18 8 COUll8ellor for the Trust and perIodalty also provides sPefiC support relatsng to thelr profession81 area ol experts'se. Thi8 tnjstee is excluded from any decisM)ns they ¢Id wlentialty benefft trom. Th• Coun¢ll of lrtanag•m•nt The trustees are responsible for the affai ofThe Valley Trust. There18 a cour11 of Management which usualty meets at three-monthty intervds. Tho¥e who a currentty nmbern of the Counol of Managemenl a the trustee8 and the CEO, with support parlFeS invited lo attend on as red$ basls e9 finance officer, webshe support etc. Imiilst all members of the Council of Management participate In dlscussing the ilems on thè aganda, deciSn$ aro made by the Trusteos. Trustees con'¢tod in anyway are excluded from declslon making prcwses. During the year ended 31 Juty 2025 the Tnt had Iwo ernpboyees-Ally Sifver. the Tru8¥s Manager, and Kalharine Wilbher, the Trugys a¢¢ountsnt who re8wned effectsve August 2024 and was replaced by Fbna Hendersm, a sellmthed contractor, apwnied 9 August 2024. Employee. support 6taff and Lxun8elk)r muneratK>n are revwed on an annual basis to remaln competitive in parallel lo setting ¢hargiThJ levels to schools. The trusteos. report was appn)ved by the Board of Trustees. Shaun Peter MaakI- Chalr Dated.. 1•t Mafch 2026
THE VALLEY TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY 2026 The trustees are responsibk for PTeparing the Trustees, Report and the financial statsments in aOrdanCe with applicable law and Unrted Kingdom Accounbng Standards (United Kingdom Generally Accepted AccountiThJ Practice). The law appltable to charibes in EnglaThJ arKI Wale6 requi$ the lJuslees to prepare financlal Statents for each financial year which give a true and fair view of the state of affairs of the ¢harlty and of the inc(xnlng resources and app11tiOn of resources of the charty for that Period. In preparing these firwicial state. tho trustee5 are ruIred to: - select suitabl6 accountlng p)Iloes and then appty th8m ¢($t•n. . observe the meth¢th and tyncipiBS in the Charitss SORP. - rnak8 ludgew*nts and estimates that ar8 reasonable and PrenL - slate whether applicable accounts'ng stsndards have bw) folbwed. $ubpd to any Material departur85 disclosed and explain8d in the linancial ststements; and - prepare the financial slatements on the going ¢oncem basis Un It is Inappfowiate to presum8 that the charity will conts'nue in operation. The truste86 are resp(S)I0 for keeplng sufficlant accounling records that di8ck)sè with reasonable accuracy at any tirrÉ the financial Fosllion of Ihe charlty and enable them to ensure that the financial statements compty wilh the charrt Act 2011, the Charlty (ACcnts and Reports) Regulations 2008 and the provisions ofthe trusl deed. They are also responsible for safeguardlng the asgets of the chanty and hènce for tsklng reason8bl8 steps f¢Y the prevenOn and detection of fraud and other irreguladtles.
THE VALLEY TRUST 114DEPENDEKf EXAMINElfS REPORT TO THE TRUSTEES THE VALLEY TRUST the yew ended 31 2025. AB tho trustoes of tharity ytyj arn resrthsth for thè preparation of th• IlnaTrxl stsl•m9nts cwtsnc4 wllh tho rwiraments oftho Clwitw Aca 2011 (th8 2011 Ac4). ofthe 2011 Acl. In carryino rrry examinat I have lolhJw8d a¥ th• aFvlwble Dir84kn glven by I CW Cthnmlswn undfjr 14qSXbl of tho 2011 Ad. Ind•p•nd•nt Examln•r'• •t•t•m Since Iho ctsrity's w infJ)m• èxc8•d•d £250.CM)O y1 •xamThr musl bo 8 m8mt•r of a btsjy kslod In sect 145 of Ihe 2011 Aca. I that l am Qualified lo ur#Yertak8 éxkm¥wt¥)n boc•ts8 l am a member of ICAEW. vthhKkn 18 of the 1$18cl l)cMJs. I have conwtsd my exwnknallon. l (x)nth that no mattars tr•v• o)m• to my connoction l. actountlw r•cordk*wo nol kerA in re¥•c¢ of Iho charity as rwwlrnd by fy•ctkn 130 ofthè 2011 3. finana81 sIBteMls do ¢FIY lh8 opplkabie requTrmènts con(xniNJ the fomi ond cxthtofxcounls ojt in Ihè chorrt (Ac£ounts gnd Rgixffisl Regul8tN)ns 2008 0th8r than any rthwtromont that thoa(y)yJnls atraTrI lalr¥l•wwhth18 nota m•tt•rCxKtrj0T8d as part of an indewd•nl 8XaffIk. I havè no corKem8 have rATh (Ihgr m8tters w) eonn8ct>Jn wllh the 8xamination io whh attenti( sPthld be drawn Sn this rewl In ordw to IatA0 a pwr understanding ol thé ffin•ncio1 Gavln Brrywning ACA Ashursl Hou80, Codar Road Woklre Swroy GU22 OJJ tyitULlf 2026
THE VALLEY TRUST STATEMENT OF FINANCIALACTMTES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2025 Unr•fjtrfctod fvnds for 12 month• 2025 Unrostrkted funds for 12 months 2024 Charilable 8divOti"6s Inve8lments 449.361 459,975 Total In¢om• 463,261 Raising funds Clwtsble activllles 734 Totsl •xp•ndlthrn 452,615 Net Ilos8o$yg8ins on inY•6lment8 10 {2,142) N•t mov•m•nt In fund• 19,572 8,504 Fund balan¢e8 at 1 AU812024 175,141 166,837 Fund b•lanc•• a131 Juty 2025 194,713 175,141
THE VALLÈY TRUST BALANCE SHEET AS AT 31 JULY 2025 2026 Curr•nt a88•t8 Debtors Inveslrrents Cash at bank and in harKI 12 13 14,076 100,000 124,792 12,517 215,486 Crodltorn: amouni8 l•lllng du• wlthln on• y•or 14 Net current assets 194,713 176,141 Totsl assots1088 curr•nt libilitl•s 175 141 In¢om• funds Unrestrscted funds 194.713 175,141 194,713 175 141 The financlal ststenxnts were apwoved by the Tnth on 111 March 21r26 Shaun Peter Macdonth- Chair Tru•t••
THE VALLEY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accountlng pollclo8 Charity infornmtlon Th6 charity is govemed by ts Irust deed. The chantys busin05¥ address 15 2 Norfdk Fann Close, Woknng, Surroy GU22 8LL Accountlng Convgntlon The financial statenwts have been prepared in accordance the charitys m8mordndum and artleS of asscKOation, the Charities Act 2011 and 'Accountin9 and Reporknng by Charities: StaieThnt of Recommended Practice apiCable to charitEs preparing their xcounts in accordance wilh the Financial Reporting Standard applicatAe in the UK and RePU1t ol Ireland (FRS 102> (effective 1 January 2019).. The charity a Public Benefit Entty as defined by FRS 102. The financial staleThnts have departed from the Charitios (AcLounts and Rep)rtsl Regulations 2008 only to the extent reqUId to provide a true and fair ViV4W. This departure has involved following the statement of Recommen(led Practice for ¢harib'es applyirvJ FRS 102 rather than the version of the statement of Recommended whrh referrJ to in the RegulatiorA Ixjt whth ha8 since teen withdrawn. The financial ststsments are prepared in sterfrng. which IB Ihe fiJncth?nal currénry of th8 charity. fraonetary amoLtnts these financial statements are rourvjed to the nearest £. The financi81 statem8nts have been wepafed under the historkal o)st conventlon, modifi8d to include certain financial in8tnJment8 al fair value. The principal a¢countsng pollcies adopted are set out below. Golng concern At the time of apwowng the financtal statements. the Injstees have a reasonable expectation that the charlty has adequate resources lo continue in op8rational existence for the foreseeable future. Thus the truslee8 continue to adopt the golng c(eM basis of accountiNJ in preparing the financial statetrnnts. Charit•ble funds Unrestrided fvnds are availabfe for use at the d1scretx of the trustees in furtherance of their charltable objectives. Re¥tricted fvnds are Subject to SP8cik condition$ by donors a8 to how they may be used. The purpo and uses of the tricted funds are Gel out in the notes to the finanoal statements. There were no restricted fvnds dunng the year. 1A Income is recogniseAJ when the charity is alty entit to it ats ary erfn¢8 condrtM)ns have been met. the arUnts Gan be measured reliably. and it probable that irKome wlll be recehed. Income from chaiitable activrties is recc4Jntsed when the counselling actiwties at •ach school have been perfoffld, reftecting the hours of counselling carried OUL If the number of hours of counselling perfomied at a ths than the hours paid lor. the slM)rtfall 1$ trealed as defer inco, and is treataj as an incoming r050urce wthen the crmjnselling is perforn. Investment Inco 1$ recognised the Peri in whth the tharty entitled to rvAipL
THE VALLEY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 (continued) Expfjndituro ExpeIte is recognisad thern is a Iggal w ¢onstruc"ve obligation to transfer economi¢ benefft to INrd paty. it is probable that a transfer ol econ1¢ beneffts wll be Rquired in settlemenl. and tr amount of tho obligation can be me08ured relthty. Exp8nditwo is classrfd by actsw. The ¢¢)sts acts¥ity wè mwje of thè tdAI ol dliBCt ¢osts 8haTed costs. inclu(h"r¥J 5UPt#Nt cos18 invofved in undgrtakiTrJ Cirect cxjsts attrbbulable to a sin9le acllvity ar8 allocated dredy to that aclNty. Shared costs vknich etxtsibute to mre Ihan one aGtivty and 6UPPQrt costs véhich ara not 8ttribulaiAe to a 8ingle activhy are apwt'oned bets%n th8 actp¥iti8s on a bgsis ¢onBistwrt wth the use of resources. Central 8t3ff costs are all816d on ts ba818 of time Snt, and dwffjdation charg•s aro dlctated on the pthon of ts as8et.ts u88. All w¢n(Iture 18 on xuu•l$ b8ws wwj is irKthl¥e of VAT. EXtyra l• rec¢)ynl$•d Nvhere Ihere18 8 legal OT constNctive Obligati to make payments tr) third parti88. 6t Is Ixobablo that tho Settlwnent be rawired al the can be moBswad fOk4Ny. Costs ol ralsing lund8 comprlse of inveskn•nt managw costs. tr•ding costs and thg costs irKutrod by th• charity In inthlng thbrd parb'¢s to make vduntsry contributions to rt, I11 as the ¢08t of any a¢0¥ttts vAth a draIrwd Fxwpo80. Exp8nthturo on eh8rrtable acalvi1 IludeS ts Colts ol ddi¥wlrvJ s¢r4K¢s arvj othw aleS undartak¢n to furthr tha PUfPOW of (•rity KI I1r aMou•t•d costs. Flx•d ••••t Inv••tm•nts Flxad 818vt investrnents nalty mo8sw8d at tsunsacbon rth• 8Xd trrnctkn crAts, and are jubsequenY measured at f•r value at each repxbng date. Chaw in fair valu8 ar• r¢18•d In n8t IncomellexperKlrture) for ts yoar. Tran8aclion ¢06ts ewied # iwThed. Imp•lrni•nt of flx•d a•••l• At each rewting end dale. th8 charity revitr7 tho carylng of its tanklb18 as$8ts 10 determlne whether the 18 any Indication that tho have ered •n iMpw8nt loss. If any su¢h in(ticatlon exlsts, the recoverable amthmt of the a88et is oslbmated in othr to drmlne the extènt of impairment 8 {if ony). IA Ca•h and ¢•h •qulval•nts Cash and ca•h equivalorts inckKle cash vi hand. depDslt8 hold at e8ll ith b8rt9, otlw 8hort.tenn liquld Inv08tments ryth origngl matrultie• of three month8 or leu.
THE VALLEY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 {continued) Flnanclal Inotrum•nts The charty has elected lo appty tho prowsions of Section 11 'BaS Financial Instrumenis. and Secb'on 12 '0ther Financial Instruments Issues, of FRS 102 to all of rts financol instruments. Financial instruments are re(XtyJnised in the charity's bala sheet when the charity Lwowes paty the contractual provisions of the instrument. Baslc ffnanclaj assets Bas financial assets, which indude debtors and cash and bank balances. are initially mea6ured at transaction pre including tran&Kts'on costs. Financial assets classified as receivable within one year are not amortised. 8aslc fmanclal Mabllltle• B88ic financi81 liabilitie8, includlng creditorn and bank k)ans. arn initialty re¢o9nlwJ at transxtton Pfke. Finanekgl liabilit ¢las8ffied as payable wV)in one year are not arrtis. Trade creditors ave obluations to w for gcrfJds or 8erYices thal tMve been wuirod in the ordinary course of operfknns from suppliers. Amounts payable are classffied as current liabilits'es rf payment is wilhln one year or less. If not, they rAe Fwented as non-current liabiltties. Tradg creditors are re¢ctyJnlsed al transactit)n prKe. Dwveognldon of Ilnanelal Ilabllld•• Flnanclal Ilabilitlos are dwecognised when tho chaws ¢tr%al obligatk)ns expire or are di8charged or cancelled. 1.10 Employm b•Trofft• The cost of any unused hollday entittwt is rwni8•J in Ihe pevlod in which the employee's soNices are receNed. Termination beneffts are recc>Jnised immediatety a8 an expense when the charty i8 demonstrably committed to termin*e the eryloymant of an ernoyee or to provbje tenrunabon benefits. 1.11 Rrtlr•m•nt b•n•fft8 Payments to defined cOntribut)n retirem8nt benefft heTres are charged as an expense as ltrw fall due. Crltk•l a¢countlng esthnatO8 and )ements In the application of the chaTty'8 accounb'ng [e$. the trustees are requi lo judgements, estimatss and assumpts'ons about the caffying atrnunl of and Ilabllitw that are not re&Yity apparent from olher Sources. The estimates arKI associaled assumptHMs are based ¢)n historical experience and other factors that are consNJered to be rekvant. resulls may drfer from these eslirrAtes. The est'mates and underfying assumptions are reviewed on an ongoing basts. Revisions lo accounting estimates are recognised in the period in which the esb'mate is revtsed where the revi%ion affects on that period, or in the peTDJ of the wision and future pefiLMJs where the revision allects both curr8nt and fure perirxjs. 10
THE VALLEY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 (continued Charltabl• actlvlllgs Y•ar •nd 2025 Year end 2024 Schoob ¢ounsdling 459 975 Rahlng fund• Ymr •nd 2025 Y•ar ond 2024 und Finders, fees InvastThnt managerrent costs SC 234 734 Ch•rftable avItI•8 Y•ar 2026 Y1 ond 2024 Staff costs Schools counsellin9 S811-employed 8upervi80rn Counsellors training 26.115 404,164 28,474 389.831 21,140 2,355 439.800 431,264 Grant funding of actpiitses (see note 6) Supp)rt Costs (see note 7} Govemance costs (see n(ts 7) 6,111 3,257 2,713 451,881 4.161 4,159 439,584 Grants payabl• Y••r ond 2025 Yoar ond 2024 institution . Hook JunK)r Sch¢)ol Tohvorth Girls, School Sutton Grammar School Heston Primary School Cl8ve$ Junior Schwl LEO Academy Trust Long Close School 14001 11701 1,680 2.333 400 2,000 268 6,111 The WaIe amounts for Hc•Jk Junior SctsJ)l and ToN¥c¥th Girls. School relate to a(ljustmerts to grants giyen in vance the total hr5 exrcled werfr able to be provided in full for the prK)r year. 11
THE VALLEY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 continued Support ¢osts Support GoVwnae Support Govwn•n¢• costs 2024 Insuranc Advertising, travel and barring serv Office eXFenses, phone & intemÈt Accounts preparalth & examlnation fees Legal & professional Web511e re-design & other govemance 469 469 542 542 1.378 1.378 1.227 1.227 2,314 2,314 1.488 3.555 47 3.555 47 560 35 580 35 557 557 8.320 All 8UPPOrt costs relale to Charitsble xtiviti88. None of the truste (or any persons conr¢ted wth thèm) received any romtsneran during the year and none ol the trustees were reimbursed for any trav&ling expenses12024.' £nill. The charfty has irKlemnifd th8 trustees against liabihty ty taklng out 1nsurnn costing £469 for the year12024: £5421. Employ• Yo•r end 202S Numbor Y••r •nd 2024 Numb?r The average monthty number of enyloyees duiin9 tho year was: ment costs Wages & salaries Pension o)sts 25.380 735 25,844 630 26.115 26,474 There wer8 no employees whose annual remunerath)n exc*Jed £60.IMI. 12
THE VALLEY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 continued 10 Net (louesygalns on uN••tmonl• Year end 2026 Year Ond 2024 ReVaallOn of investments 11 Taxatlon The charity is exempt from tax on income and gains falling wiitiln sect5on 505 of the Taxes Act 1988 or seetson 252 of the Taxatsonal Chargeable Gains Act 1992 to extent th Ihese are appl1 to it8 charitable obieebve8. 12 Dobtorn 2025 2024 Amounts fallkng du• hln on• ymr. Trade debtors Schools coun5elllng charges receivable {accrued in¢omo> Other debtors Prepaytrents 3.720 7.335 1.532 3,620 7,420 14.076 13 Currnnt a•t Invo•lmw 2025 2024 Unlisled investrmnts 14 Crndftorn: •mounts falllng du• Tlthln on• y•ar 202S 2024 Other taxations & scKial security Deferred inco (see not• 15) Trade creditors 179 23,931 27.921 620 211 17.440 19.552 6.166 503 Accruals 44,155 52,862 13
THE VALLEY TRUST NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 JULY 2025 continued> 13 Doforrod Incomfr 2025 2024 Arising from Schw18 counselling seN 23,931 D8ferred is Included within current liabllities. Mov•m•nt In d•l•rr•d Incom• At 1 August 2024 Re8our¢es deferred during the period ArUnts released to irtome from Frfevious periods 23.931 17.440 48,041 23.931 At 31 Juty 2025 Deferred incom8 is made up of FUre £1,354 {2024: £nlll Hours (j £16,08612024'. £23,931). Future Services ar• amounts Involced prior to 31 Juty 2025 for 8er¥kes to be provKled after that dale. Hours Owed are amounts invored to 31 Juty 2025 s8Nice8 expecbj to provPJ•J prior to that date, but the number of hours provthd has fallen slKYt of the invored hwrs. 16 R•tlY•m•nt b•n•fit Kh•m• Dofin•d eontrlbutlon •ch•m• The charity operates a defined contributi(Jn 8¢heff for all qualifying employe06. The assets of thg $¢hemo are held separalely from those of the charity In an dependenY &Jministered lund. The charg8 to Ihe statement of fiTTranu aclfvrties In resFCt of deffined contributlon tschem8s was £735 (2024.. £630). 17 Rolatod p•rty tr•n•a¢tlo There ware no d1scl0sab paty transactions duriThJ the year12024". none). 14