ORCHARD VALE TRUST LIMITED
COMPANY NUM8ER.. 1946592
REPORT AND FINANCW5TATEMENTS FOR THE YEAR ENDED 31S1JAt4UARY2024
ORCHARD VALE TRUST LIMITED
COMPANY NUMBER: 1946592
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STJANUARY 2024

ORCHARD VALE TRUST LIMITED
COMPANY NUMBER.. 1946592
REPORT AND FINANCIALSTATEMEPITS FOR THE YEAR ENDED 315TJANUARY 2024
Reference and Administrative Inforniation
Name- Orchard Vale Trust
Company House Registration Number 1946592
Charity Commissioners Registration Number- 326940
Date of Incorporation- Ilth September 1985
Type of company- Company Limited by Guarantee and not having a share capital
The Trustees during the year were:
Christopher Absolon
Rosemary Parr
Kate Steele
Adrian Lumley-smith
Hannah Allan
Peter Crump
Joanna Sudell
Martha Venner
Tony Mullins
John Fox
James Lawson
'Rosemary Parr resigned from the Board of Trustees on 7th October 2023 and this was the
last meetin8 of the Board of Trustees that she attended.
** James Lawson was co-opted to the Board of Trustees on 27th January 2024 and this was
the date of the first meeting on the Board of Trustees that he attended.
All the Members of the Board of Trustees above were also Members of the Board of
Trustees at the date that this Report and Accounts were approved other than Rosemary Parr
who resigned on 7th October 2023.
Chief Executlve: Ms Liz Page, East Court, Wookey, Wells, Somerset BA5 IAR
Registered Office.. East Court, Wookey, Wells, somerset BA5 IAR
Telephone No. 01749 671706
Bankers: Natwest PLC, 7 High Street, Wells Somerset, BA5 2AD
Solicitors: Mo8ers Drewett, 24 Queens Square, Bath BAI 2HY
Auditors: Knight Goodhead Ltd., 7 Bournemouth Road, Chandlers Ford, Eastleigh,
5053 3DA
io.
ii.
Governance of the Chari
The Charity is constituted as a Company Limited by Guarantee, therefore it is governed by its
Articles of Association. The current Articles of Association were approved by the Charity
Commission and subsequently adopted by the Trust in January 2015. Further minor
amendments were adopted by the Trust at an EGM on 19th March 2016; again following
notification and approval from the Charity Commission. No further amendments have taken
place or are planned at present.

ORCHARD VALE TRUST LIMITED
COMPAIN NUMBER.. 1946592
REPORT AND FINANcIALSTATE￿NTS FOR THE YEAR E14tXD31"JANUARY2024
The Directors of the Company are also Trustees of the Charity. For the purpose of Charity
Law, their responsibilities include all the responsibilities of Directors under the Companies
Acts and of Trustees under Charity Law and under the CompanWs Act are know as members
of the Board.
At the Annual General Meeting one third of the Trustees retire on rotation but are eligible for
reappointment.
The Trustees of the Charity meet a minimum of fourtimes each year. At these meetings they
set the strategic direction of the Trust, and review and manage key risks. The Trust has a
Senior Management Team which is chaired by the Chief Executive and includes the
Operations Manager, Home and Service Managers and is advised by the Finance Manager.
There are terms of reference for the Senior Management Team which set out their powers
and their accountability to the Board of Trustees. The Senior Management Team meet
monthly.
The Trustees present theirAnnual Report and Accounts forthe year ended 31, January 2024.
The board of Trustees are satisfied with the performance of the Charity during the year and
the position at 31st January 2024. They consider the Charity is in a satisfactory situation to
continue its activities throughout the forthcoming year, and that the Charity's assets are
adequate to fulfil it5 obligations.
Orchard Vale Social Enter
rises CIC
The Charity has a subsidiary company, Orchard Vale Social Enterprises CIC, which is
community interest company owned entirely by Orchard Vale Trust,
Ob'ectives and Activities of the Chari
The Charity is a non-profit making company incorporated on Ilth September 1985, limited by
guarantee and having no capital share. It was registered as a chartty in September 1985. The
purpose of the charity is to provide care to those people with a learning disability who need
a level of support which might not otherwise be available to them in the family home and to
further assist them to pursue a more independent lifestyle. The majority of this care is
provided in residential homes, in addition the Trust has a Community and Day service which
Is accessed by adults with learning disabilities who are not residents. Since 1985, the Charity
has opened 4 residential homes in the Somerset area. This development has been a gradual
response to the demand for places. the changing needs of its residents, and the resources
available to the Charity to purchase property suitable to tts purpose. The Charity currently
provides accommodation and support for 32 people. In addition, the Trust continues to
develop a programme of activities and support to other individuals that do not live in the
Trust's accommodation that reside in its local area.
When places become available these are open to anyone with a learning disability whose
care needs can be met by the seNice. All the Trust's current residents are in receipt of
financial support from their Local Authority in orderto meet the fees charged by the

ORCHARD VA￿ TRUST LIKgITEO
COMPANY NUMBER.. 1946592
REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENOED31-JMUARY 2024
Charity. The level of residential fees is negotiated with the Local authorrty using their
Costing model, thereby ensuring that the fee charged is appropriate to the needs of the
individual and is value for money. Currently our service is provided to residents from 16
different Local Authorities throughout England and Wales. Day service users are funded in
different ways includingfrom their own individual resources and from Local Authority Direct
Payment schemes.
Skilled staff teams are employed at each home to assist and enable residents to live a
fulfilled life. All residents have their own personal care plan which aims to maximise thelr
physical. intellectual and social potential. Educational, work and leisure opportunities are
provided in the local community. The homes are subject to regular inspections by the
regulator for care homes, the Care Quality Commission and the local authority where the
home is situated.
Historically, people with a learning disability were viewed by society as a minority group
who had little or no rights to full citizenship. They were thought incapable of achieving anv
measure of self-dependency as even the most personal of tasks were done for them by their
carers, usually within a large institutional setting. Since 1985 Orchard Vale Trust has striven
to extend the rights of people with learning disabilities through practical involvement within
local community settings. The focus of our workfor greater social integration has been
achieved through the setting up of residential homes in local communities and establishing
a Community and Day Service. Daily contact between members of the local community and
the residents gradually breaks down society's stereotyped images of how a person with a
learning disability might behave. We believe people with learning disabilities are f ull and
participative members of our society with the same rights as all of us.
During 2023 the Trust has focused on delivering its seprfices both residential care and in the
community within the context of the Coronavirus pandemic coming to an end. The Trust
focused its attention on ensuring that there were appropriate resources to ensure that the
individuals supported in the Trust, in both residential and community services, were able to
engage with a wider range of activities and en8a8e fully with the communities in which they
lived as this had been impacted by the government guidance in response to the Covid-19
pandemic which came to an end in 2022. The Trustees held an extended development day
in October 2023 to review the existing strategy for the organisation and revise in accordance
wlth the ever-changing needs of the individuals that are supported.
The Trust keeps its overall staffing levels under continuous review and the recruitment
challenges that were encountered during the Coronavirus Pandemic lessened and during
2023 staffing levels across the Trust stabilised. The Trust continues to make use of
dedicated, regular agency staff to ensure that individuals are being supported by staff who
have a good understanding of their individual needs and the processes within each service.
In 2023 the Trust continued with its programme of maintaining and upgrading its physical
facilities. The fire doors in Ferndale, St Chads and East Court were replaced, the external
windows and doors at East Court were restored and painted and outside work was
undertaken to develop the garden5 and outside space at East Court. St Chads and Ferndale.
The Trust continues to successfully provide the Care Certificate and all new staff are
required to undertake this as mandatory training. Specialist training is given in a number of

ORCHARDVALE TRUST LIMITED
COMPANY NUMBER.. 1946592
REPORT AND FINANCIALsfATEKNTS FOR THE YEAR ENt%D31STJANUARY 2024
areas including, but not limited to, the administration of medication, infection control,
COSHH, Specialist epilepsy training, dysphagia, lone working and speech and language.
All four homes are regularly inspected by CQC and it is possible to access the individual
reports via our website. In 2023 of the 4 residential care homes were inspected by CQC,
East Court, St Chads and Ferndale and all four homes continue to be rated Good and it is
pleasing to see a significant number of very positive comments from Inspectors.
The Communtty and Day Services, known as the Hive, returned to the East Court site In
Wookey in March 2023. Community and Day Services continue to offer to offer a wide
range of activities Stile Gardening continues to offer gardening services in the local
community and has moved to a sustainable financial mode as its 3 year grant funding has
come to an end. In July 2023 the Trust were successful in gaining a grant from Dr Martens to
develop the vegetable garden so that it could increase the range of produce grown and
supply the loca5 foodbank in addition to the services within the Trust. As a result of this
project a gardener who originally trained with Stile Gardening services was employed for 16
hours a week.
There is a rigorous Quality Assurance programme wlthin the Trust which is regularly
reviewed by the Chief Executive.
The Trust maintains its vehicle fleet, ensuring that there are a range of vehicles which meet
the changing needs of service users.
The Trust during the financial accounting period there have been no changes to the resident
population and the Trust remalns at full occupanry. The Trust does not hold a waiting list.
Trustees have met regularly during the year and have overseen the work of the Trust,
ensurin8 Its financia￿ viability.
Publlc Benefit
The Trustees give due regard to the public benefit guidance set out by the Charity
Commission and believe that the Charity meets it obligation in this respect because:
Its purpose Is the relief of those in need by reason of their disability:
The benefit provided is to that section of the public who are people with learning
disabilities. Those who use our service benefit because they receive high quality
care and support which enable them to gain access to the facilities available to any
citizen;
When available residential places and day service places are open to all adults with a
learning disability, providing their needs can be met within the service provided;
The fees charged are reasonable and necessary for the Charity to fulfil it aims and
are agreed with Local Authorities and other funders who are Purchasers of the
service.
The fees charged for residential care are direttly related to the level of support
provided to meet the needs of the individual service users and are not dependent
upon their ability to pay. No financial contribution is required from residents other
than the contributions which are set out in the rules relating to residential care
provision or the State benefit rules;
There is no third-party funding forthe residential services provided;

ORCHARDVALE TRUST LIMITED
COMPANY NUMBER.. 1946592
REPORT ANL>FINANCIALSTATEMEMIS FOR THE YEAR ÉWtKD 31-JANUARY2024
Day care services are charged in a transparent rate depending on the service
needed. The charges are aligned with the amount the local authority provides to
local families to purchase such care and support.
The Trustees will continue to review the activities of the Charty to ensure that these are
consistent with the legal objects set out in its constttution.
Fund Raisin
Activities and Revenue
The Charity complies and is consistent with the Chartty Commission's guidance on
fundraising activities.
Orchard Vale Trust is a member of the Fundraising Regulator, which is an independent self
regulatory organisation. As a member, we are committed to the highest standards in
fundraislng. We follow the Fundraising Regulatorfs Code of Fundraising Practice. This code
sets the standards for fundraising activity throughout the UK, and we use the Fundralslng
Regulator badge to publicly show that we are following these standards.
In addition. our approach to responsible fundraising is driven by these five key principles,
also laid out in our Fundraising Promise:_ We are honest and open - We are clear and
transparent - We are respectful and value our supporters- We work in partnership with
those who support us- We are accountable
The Charity raises fu nds in accordance with its Fundraising Policy, principles and associated
procedures, and adhering to data protection policy and procedures which comply with
relevant UK laws and regulations, including those related to privacy. The Charity respects
supporter's privacy and right to decide how and if Orchard Vale Trust contacts them. The
Charity seeks to treat all people equally and fairly and have a clear procedure in place for
how we en8a8e with supporters who may be in vulnerable circumstances. By sharing honest
and powerful stories, we en8a8e and inspire supporters to support Orchard Vale Trust's
mission to support adults with learning disabilities to live lrfe to the full. Our primary
concern is to respect the wishes, dignity and security of the people we support, therefore
will only ever share stories for which we have had prior consent.
Whilst basic care and accommodation costs are funded by Local Authority contracts, the
Charity relies on donation and fund-raising projects to finance the provision of the extra
quality of service for which the Charity is well known. The Trust Fundraiser has
responsibility for the management of regular fund-raising projects such as the Gold Bond
runners in the London Marathon; one sponsored Golf Day and the restricted funds income
through applications for grants for specific projects, particularly in relation to the
development of Community and Day Services. The Trust Board approve the Fundraising
Strategy on an annual basis and the Trust conducts an annual fundraising audit to ensure
that activities are both compliant and transparent.
The arrangements for administering the London Marathon are managed by an organisation
which specialises in recruiting runners. The process for the year ending 3151 January 2024
did not differ from previous years when the marathon has run. After costs the amount
raised was £7,609.00

ORCHARD VALE TRUST LIMITED
COMPANY NUMBER.. 1946592
REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENtED31Y JANUARY 2024
The Trust successfully submitted a grant to Dr Martens to develop the vegetable garden and
received £15,000. The Trust was nominated as the Wells Golf Club Captain's Charity of the
Year and they raised a total of £8,500. An individual fundraising walk by Ben Lumley-smith
has enabled the Trust to purchase defibrillators for the residential services.
The Trust was able to hold its regular fundraising activities and this included the Toby
Charnaud Memorial Golf Day which was held in June 2023. However, the Trust is grateful
for the generous support and donations from charitable trusts and individuals which
include- Dr Martens. Wells Golf Club, The Blair Foundation, Mendip District Council, The
Gilbert Edgar Trust, the Estate of Tess Gray, Norman Holden, Ben Lumley-smith, Kevin
Hammett and the Glastonbury Festival.
Fund Ralsln
Activities- Ca
ital
Any major building irnprovement or a new home or service site requires considerable capital
funding. This is raised in the main part by funds from the Trust's activities and appeals to
Grant Making Trusts.
ment Policies
The Charity is an equal opportunities employer and is fully commttted to a policy of treating
all of its existing employees and job applicants equally. A group of Senior Managers and
staff meet on a regularly to continue to develop an inclusive, equal opportunities culture,
The Trust has recently reviewed its existing terms and conditions of employments to ensure
that they remain current and appropriate. This work was completed with the support of
Citation who the Trust engaged in 2021 as their Employment and Health and Safety support;
this included the introduction of new electronic platforms where staff now access
employment and health and safety support, training and documentation.
The Recruitment A olntment and Trainin
of Trustees
Nominations for new Trustees are considered by the Trust Board. A decision is taken
regarding the nominee's suitability for the role in terms of their personal skills and
experience, their interest in people with leaming disabilities and what they can contribute
to the work of the Charity. If felt appropriate the candidate then attends an information
event and is also interviewed by a sub-group of existing Trustees and asked to attend a Trust
Board Meeting. A majority decision by the existing Trustees is needed in order to appoint
the nominee. An indurtion pack is issued to new Trustees and trainin8 will be made
available rf required. One third of Trustees resign each year but can offer themselves for re-
election. A chairperson and vice-chairperson is elerted from the Trustees for a two year
term. These arrangements were introduced following the last major review of the Articles
of Association.
One trustee, Rosie Parr resigned from the Trust Board on 7th Ottober 2023 and James
Law50n was cTropted onto the Trust Board on 27 January 2024.

ORCHARDVALE TRUST LIMITED
COMPANY NUMBER.. 1946592
REPORT ANO FINANCIALSTATEME14TS FOR THEYEAR ENL*D31STJANUARY 2024
Risk Mana
ement
Reviews of the major risks to which the Charity may be exposed are undertaken on an on-
going basis by the Chief Executive Officer using an agreed matrix model and reviewed by the
Board of Trustees on a quarterly basis. Mitigating action is taken as and when necessary.
Mana
ement of Reserves
Orchard Vale Trust holds cash reserves of £356,941 and these funds are held in 2 accounts
maintained separately to the bank accounts that are used to carry out the regular
management and trading of the Trust; the bank accounts that Orchard Vale Trust hold are as
follows:
Bath Building Society £171,453
Virgin 120 Account £185,488
By keeping this money in reserve Orchard Vale Trust is ensuring that it is in a position to
fulfill the CQC requirement as outline in Regulation 13 of the Health and Social Care Act
Regulations 2014 .
the servlce provlder must take all reasonable steps to carry on the regulated activity In
such a manner as to ensure the financial viability of the carrying on of that activity for the
purposes of- la) achieving the alms and objectives set out in the statement of purpose;
and (b) meetlng the registration requlrements prescribed pursuant to sectlon 20 of the
Act.
The accounts in which the reserves are held are managed by the Financial Manager of
Orchard Vale Trust and are reported quarterlyto the Trustees at the Trust Board Meeting.
The accounts in which the resenies are held are included in the annual financial ￿port on
Orchard Vale Trust's account, which is externally audited and then reported to the Charity
Commission, following approval by the Trustees at the Annual General Meeting of the Trust.
The accounts in which the reserves are held are reviewed regularly by the Financial Manager
to ensure that they are in appropriately protected institutions and that they are accessible
for operational support should the Trust take the decision that they are no longer in a
position to continue to trade.
Review
The policy and the amount that is held in reserves is reviewed, as a minimum, on an annual
basis at the Annual General Meeting of the Trust.

ORCHARD VALE TRUST LIMITE[)
COMPANY NUMBER.. 1946592
REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED31 JANUARY 2024
Results and Reserves
The results for the year and the state of affairs of the Trust are satisfactory and there has
been no material change since the date of the balance sheet. There was a £169,785 surplus
of income over expenditure in the year to 31st January 2024. This surplus has increased the
reserves which now stand at £2,695,009.
Unrestricted general funds, as set out in note 13 to the accounts, have increased to
£805,67412023.' £702,165) at the balance sheet date. This is in excess of the target free
reserves level which is the equivalent to 3 months, worth of unrestricted expenditure.
Future Plans- 2024
The Trust expetts to continue to operate Its four residential homes into the future. The
Trust also intends to continue to work in developing its Community and Day Care
programme to reflect and meet the local need.
During the year the Trust will undertake on-going maintenance work at all its homes and the
Commun ity and Day Service site, to ensure that facilities remain suitable for use. This will
continue to include works that were delayed as a result of COVID-19 restrictions.
The bungalow that is owned by the Trust and has been let on a commercial basis, has
become vacant and the Trustees are going to consider what the use of this building is 80ing
to be so that it best serves the purpose of the Trust.
The Trust conducts an annual review of staff training needs and a new staff development
training programme is put into place at the beginning of each year. Staff training is
delivered through a combination of online training on the Citation platform which is known
as Atlas, which offers a wide range of statutory and personalised training units and in-
person training. There is also bespoke training for individuals with key areas of
responsibility in 2023 the Compliance Officer achieved their NEBOSH accreditation and the
Chair of Trustees, the Vice Chair of Trustee5 and the CEO attended the Trustee Exchange
which is an annual national event for governance of charitable or8anisations. This level of
training will be sustained.
In 2024 the Trustees will continue to develop their strategy around stakeholder engagement
which will include a series of questionnaires, meetings with family and friends and focus
groups with staff.
ststement as to disclosure of inforniation to the Auditors
The Trustees in their capacity as Directors, state that as far as each of the Trustees at the
time that this report was approved are aware:
a. there is no relevant audit information of which the Auditors are unaware.
b. have taken all steps that they ought to have taken to make themselve5 aware of
any relevant audit information and to ensure that the Auditors are aware of that
information.

ORCHARD VALE TRUSTIIMttED
COMPANY NUMBER.. 1946592
REPORT AND FINANCIAL STATEME￿ FOR THE YEAR ENtED31" IANUARY 2024
Auditors
Knight Goodhead have signified their willingness to continue in office and their appointment
will be proposed at the forthcoming Annual General Meeting.
Statement of Directors and Trustees Responsibilities
Company law requires the trustees to prepare the Report of the Trustees and accounts for
each financial period which give a true and fair view of the state of affairs of the charity and
of the income and expenditure of the charity for that period.
In preparing those accounts the Trustees are required to:
Select suitable accounting policies and apply them consistently;
Make judgements and estimates that are reasonable and prudent:
Prepare the accounts on the going concern basis unless itls inappropriate to
presume that the Company will continue in business.
The Trustees are responsible for keeping proper accounting records, which disclose with
reasonable accuracy at any time the financial position of the charitable company and to
enable them to ensure that the accounts comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
As far as the Trustees are aware, there is no relevant audit information of which the
auditors are unaware. Each Trustee has taken all the steps that they ought to have taken as
Trustee in order to make themselves aware of any relevant audit information and to
establish that the company's auditors are aware of that information.
This repo
the Comp
Account.
as been prepared in accordance with the small company's regime in Part 15 of
ies Act 2006, and in accordance with the Charities Statement of Recommended
nd Reporting by Charities.
Christo
er Absolon
Dlrector and Trustee..
Date: 5 October 2024
io

INDEPENDENT AUDITOR'5 REPORTTO THE MEMBERS OF ORCHARD VALE TRUST UMITED FOR THE YEAR ENDED
31 JANUARY 2024
Oplnion
We have audited the financSal statement5 of Orchard Vale Trtsst Limited (the company and the groupl for the year ended 31 january
2024. which comprise the consolidated Statement of Financial Activities. the ¢ons01idated Balance Sheet, the consolidated Cash Flow
Statement and notes to the financial Statements, including a summary of Significant accounting policies. The financial reporting
framework tktat has been applied in their preparation is applicable law and United Kingdom Accounting Standards. includln8 Financial
Reporting Stsndard 102.. The Financial Reportfing Standard applicable in the UK and RepublSc of Ireland (United Kingdom Generally
Actepted Accounting Practice).
In our oplnlon, the financial statements:
give a true and fair view of the state of the group's and the Char[￿ble Company's affairs as at 31 January 2024 and of Its Income
and expendlture for the year then ended..
have been properly prepared in accordance with United knn8dom Generalty Accepted Accounting Practlce;
have been prepared In accordance with the requirements of the Companles Act 21JJ6.
Basls of oplnlon
We conducted our audlt In accordance with International Standards on Auditing IUKI IISAslUKII and applicable law. Oui responsibilities
under those standards are further described in the Auditor's responslbililies for the audit of the financial statements 5ectlon of our
report. We are independent of the charitable company In accordance with the ethical requirements that are relevant io our audit of the
financial statements in the UK, includinB the FRC'S Ethical Standard, and we have fijlfilled our other ethlc81 responslbllltles in accordance
wlth these requirements. We believe that the audlt evldence we have obtained is sufficient and appropriate to provide a ba51s for our
oplnS0n.
We planned and performed our audlt so as to obtsin all the Information and explanations which we considered necessary in order to
provlde LSS With sufficient evldence to give reasonable assurance that the financial ststements are free from materlal m15Statement,
whether caused by fraud or other irregularity OT error. In fomiSn8 our opinion we also evaluated the overall adequacy of the
presentatlon of Information in the financial Statements.
Concluslons relatlng to golTrg concern
We have nothing to report In respect of the followlng matters in relatlon to which the ISAS IUKI require us to report to you where..
the trustees, use of the 80inB concern basis of accountln8 in the preparation of the financial statements is not approprlate,. or
the trustees have not disclosed in the financial statements any Identified material uncertainties that may cast 518niflcant doubt
about the charitsble company's ability to continue to adopt the Boing concern basis of accoyntSng for a period of at least twelve
months from the date when the financial statements are authorised for issue.
Other Informatlon
The trustees are responsible for the other Information. The other information comprises the informatlon included in the annual report
other than the financial statements and our auditorfs report thereon. Our opinion on the finantial statements does not cover the other
information and, except to the extent otheiwi5e explicitly stated our reporL we do not express any forni of assurance conclusion
thereon.
In connection with OUT audit of the financlal statements, our ￿spOnsIbl11ty is to read the other information and, in doing so, consSder
whether the other information is materlalty inconsistent wÈth the financial statements or our knowledge obtained in the aydlt or
othernise appears to be materSally missiated. If we identify such material In¢onsistencie5 or apparent material misstatements. we are
required to determine whether there is a material mi55tatement in the financial ststements or a material misstatement of the other
information. If, based on the work we have performed, we conclude that there is a material mlsstatement of this other information, we
are requlred to report that fact.
11

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF ORCHARD VALE TRUST LIMITED FOR THE YEAR ENDEO
31 JANUARY 2024
Maters on which we are requlred to report by exception
In the light of the knowledge and understanding of the charitsble company and its environment obtslned In the course of the audit, we
have not identified material misststements in the Trustees, Annual ReporL
We have nothing to report on in respectof the following matters In relation to which the Charities Art 2011 requires us to reptsrt to you
If, In our oplnion..
the company has not kept adequate and suffKient accountin8 records. or retums adequate for our audit have not been received
from branches not visited by us: or
the company's flnanclal statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made.. or
we have not receSved all the informatlon and explanations we require for our audit; or
the trustees wère r￿t entltled to prepare the financial statements In accordance wlth the small companie5 regime and take
advantsge of the small companies exemption in preparin8 the Trustees, Annual Report and take advantaBe of the small
companies exemptSon from the requirement to prepare a strategic report.
Responslbllltles of Tru5tee$
As explained more fully in the tru5tees' responsibilities statement set out on pa8e 10, the trustees are responsible for the preparation of
the financlal statements and for being satisfied that they glve a true and fair vlew, and for such internal control as they determine Is
necessary to enable the preparation of financlal statements that are free from materlal missiatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for a55essln8 the charltsble company's ability to contlnue as a goin
concern, dlscloslng, as applicable. matters related to golng concern and using the 8oinB concern basis of accountlng unless the trustees
elther Intend to liquidate the charitable tornpany or to cease operations. or have no realistic alternative but to do w.
Our responslbllltles for the audlt of flnancSal ststement$
We have been appointed as auditor under the Company'5 Act ?nd report In accordance wlth the Act and relevant regulatlons made or
havlng effect thereunder.
Our objectlve5 are to obtain reasonable a55urance about whether the financial statements as a whole are free frorn materlal
mlsstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance Is a high
level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS IUKI wlll always detect a material
misstatement when it exists. Mlsstatements can arise from fraud or error and are considered materlal If, IndSvldually or In the
a88re8ate, they could reasonably be expecte(J to influence the economlc decisions of users taken on the basis of these financial
statement5.
Irregularities, includSn8 fraud, are Instances of non-compllance wlth laws and regulations. We de48n procedures in Ilne with our
responslblllties, outlined above, to detect materlal mlsstatements in ￿SpeCt of irre8ularitles. Includin8 fraud. The extent to whlch our
procedures are capable of detectin8 irregularities. including fraud is detailed below:
The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to
identify or recognise non-compliance with applicable laws and regulations.
We Identified the laws and regulations applicable to the charitable company throu8h discussions with trustees and other manaBement
and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and
inspecting legal Colrespondence.
We assesseil the susceptibility of the charltable company's financial statements to material misstatement Includlng obtsining an
understanding of how fraud might occur, by making enquiries of mana8ement as to where they considered there was susceptibility to
fraud, their knowledge of actual, suspected and alleged fraud and consÉdering the internal controls in place to mitlgate risk5 of fraud
and non-compliance with laws and TeEulations.
12

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORCHARD VALE TRU￿ LIMITED FOR THE YEAR ENDED
31 JANUARY 2024
To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any
unusual or unexpected relationships. tested journal entries to identify unusual trarbsactions and investigated the ratlonale behind
significant or unusual transactions.
In response to the risk of irregularities and non-compliance wlth laws and regulations, we designed procedures which included, but
were not limited to:
agreeing flnancial ststement disclosures to undertyin8 SUPPOrtln8 documentstion.
readlng the mlnutes of meetinBs of those charged with governance- and
enquirln8 of management as to actual al￿ potential litigation and clalms..
There are Inherent limitstlons in our audit procedures destribed above. The rn0￿ removed that laws and regulations are from flnanclal
transactions, the less likely It Is that we would become aware of non-compllance. Auditing standards also Ilmit the audit procedures
required to identify non-compliance with laws and regulations to enqulry of the tru5tee5 and other management and the Inspection of
re8ulatory and le8al correspondence, if any.
MaterSal mlsStatements that arise due to fraud can be harder to detect than those that arise from error as they may Involve dellberate
concealment or collusion.
A further description of our responsibllilies for the audit of the financlal statements is located on the Financial Reportln8 Council's
webslte at.. https.'Ilwww.frc.or8.uklaudltorsresponsibilities. Thls description forffls part of our auditorfs report.
Knlght Goodhead Llmited is eligible for appolntment as auditor of the charitable company by virtue of its ellgibillty for appointment as
auditor of a company under section 1212 of the Companies Act 2006.
Use of our report
This report is made solely to the charltable compan￿5 member5, as a body, in accordance with Chapter 3 of Part 16 of the Companles
Act 2CX]6. Our audit work has been undertaken $0 that we might state to the charitsble tompany's members those matters we are
required to state to them In an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or
assume responsiblllty to anyone other than the chafitable compan*s members as 3 body, for our audit work, for thls reporL or for the
oplnlons we have formed.
CJ GOODHEAD FCA
Senior Statutory Auditor
Knlght Goodhead Llmited
Chartered Accountants and Statutory Auditors
7 Bournemouth Road, Chandler's Ford, Eastlei8h. Hampshire. SO53 3DA
VlcJcl• kn 2aLÈ
13

ORCHARD VALE TRUST LIMTED
Company number: 1946592
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024
(Including Income and Expenditure Account)
Unrestricted
funds
Restrlcted
fund5
2024
Total
2023
Total
Notes
INCOME
Voluntary income
39,898
23,51X)
63.398
56.960
Charitable activities
2.806,288
2,806,288
2,400.038
Investment income
19,435
678
20,113
18,168
Income from trading subsidiary
.17.355
17,355
22,277
TOTAL INCOME
2,865,621
41,533
2,907,154
2,497,443
EXPENDITURE
Fundraising costs
4,706
4,706
7,016
Charitable activitie5
2.689,426
43,237
2,732,663
2,408,743
TOTAL EXPENDITURE
2,694,132
43,237
2,737,369
2,415,759
NET INCOME FOR THE YEAR
171,489
11,7041
169,785
81,684
TRANSFERS BEfwEEN FUNDS
16,9601
6,960
NET MOVEMENT IN FUP4DS
164,529
5,256
169,785
81,684
Funds at l February 2023
2,475.759
49,465
2,525,224
2,443,540
FUNDS AT31 JANUARY 2024
2,640,288
54,721
2,695,009
2,525,224
All of the above results are derived from continuin8 activities. There were no other reco8nised 8ains or losses
other than those stated above. Movements in funds are disclosed in note 13 to the financial statements
14

ORCHARD VALE TRUSTLIMTED
Company number: 1946592
CONSOLIDATED BALANCE SHEET AS AT 31 JANUARY 2024
Group
Charity
2024
2023
2024
2023
Notes
FIXED ASSETS
Tangible fixed assets
Fixed asset investments
1.681,661
350,000
2.031,661
1,641,523
350,OC
1,991,523
1.681.661
350.000
2,031,661
1,641,523
350,000
1,991,523
CURRENT ASSETS
Debtors
Cash at bank and in hand
91,999
833,596
925,595
199,851
587.133
786,984
115.903
805,923
921,826
243,635
539,849
783,484
CREDITORS.. amounts falllng
due within one year
io
1142,795)
{106.4711
1141.428)
1106,2411
NETCURRENT ASSETS
782,800
680,513
780,398
677,243
TOTAL ASSETS LESS CURRENT LIABIUTIES
2,814A61
2,672,036
2,812,059
2,668,766
CREDITORS: amounts falllng
due after more than one year
li
1119,452}
1146,8121 (119,452)
1146.8121
NET ASSETS
2,695,009
2,525,224
2,692,607
2,521,954
FUNDS
Restricted funds
Unrestricted funds
General funds
Designated funds
Revaluation reserve
13
54,721
49,465
52,319
46,195
13
13
13
805,674
1,763,605
71,009
702.165
1,712.752
60,842
805,674
1,763,605
71,009
702,165
1,712,752
60,842
TOTAL FUNDS
2,695,009
2,525,224
2,692,607
2,521,954
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime.
Approve
he board of trustees on 5 October 2024
and signed on its behalf by:
.5.
Adrian Lumley-smith Itrusteel
Ken Stratton Isecretary}
15

ORCHARD VALE TRUST LIMTED
Company number: 1946592
CONSOLIDATED CASHFLOW STATEMENT
FOR YEAR ENDED 31 JANUARY 2024
2024
2023
Note
NET CASHFLOW PROVIDED BY OPERATING AcnvinES
337.915
166,3841
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Receipts from rent on investment properties
15,845
4,268
4,685
13,483
CASH FLOWS FROM FINANCING AcfiviTIES
Fixed asset addition5
Proceeds from the Sale of fixed assets
Bank loan repayments
(75,230)
139.4241
136,335
133.4461
NETCASH FLOW
246,463
1121,0861
Change in cash and cash equivalents in the year
246,463
1121.0831
Cash and cash equivalents at start of the year
Cash and cash equivalents at the end of the year
587,133
708,216
833,596
587,133
16

ORCHARD VALE TRUST LIMTED
Company number: 1946592
CONSOLIDATED CASHFLOW STATEMENT NOTES
FOR YEAR ENDED 31JANUARY 2024
2024
2023
I RECONCILIATION OF MET INCOME TO NET CASH FLOW
FROM OPERATING AcfiviTIES
Net incomellexpenditurel for the year
Interest received
Investment property revaluation
Investment property rent
Interest paid
Depreciation
Loss on disposal of fixed assets
Decreasellincreasel in debtors
IOecreasel/increase in creditors
Net cash flow from operating activities
169,785
115,845)
81.684
14,6851
(4,2681
10.255
32,769
2,323
107.852
35,044
113,4831
5,665
34,506
1135,7451
134,3261
337,915
166,3841
2 ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand
833.596
587,133
3 ANALYSIS OF CHANGES IN NET DEBT
Ati
Feb 2023
At31
Jan 2024
Cash ftows
Cash at bank and in hand
587,133
246,463
833,596
Debt due within one year
Debt due afterone year
126,0701
1146,8121
414,251
11,2801
27,360
127,3501
1119,4521
272,543
686,794
17

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024
I ACCOUNTING POLICIES
al Basis of preparation of the accounts
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
FRS 102 (effective January 20191 and the Companies Act 2006.
The charity meets the definition of the public benefit entity under FRS 102. A55ets and liabilities are initlally
recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The accounts have been prepared on the going concern basis. There are no material uncertainties about the
charity's ability to continue.
bl Consolidation
The charity controls Orchard Vale Social Enterprises CIC. a company incorporated in England and Wales bv
virtue of its voting ri8hts and being the sole member. The results of that company have been consolidated in
these accounts.
cl Income
Fees and contributions are accounted for in full in the statement of financial activitie5 when receivable. Income
Subject to terms and conditions which must be met before the charity is entitled to the resources is not
recognised until the conditions have been met. Fees received in advance are deferred and released in the
subsequent accounting period.
Donations and legacies are received by way of donations and gifts and are included in full in the statement of
financial activities when receivable.
Grants are recognised in full in the statement of flnancial activitie5 in the year in which they are receivable.
Investment income Is recognised on an accruals basis.
dl Expenditure
Expenditure is recognised in the period in which it Is incurred. Expenditure includes attributable VAT which
cannot be recovered.
Fundraising costs relate to the costs incurred by the charitable company in raising funds for the charitable
work.
Charitable activities costs represent the direct costs of running the residential homes including the
maintenance, insurance, rates, cleanin& lighting and heating of the properties, the staffing cost5 for the homes
and residents food, activities and transport.
el Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to
the balance sheet date and that a payment will be required in settlement that can be estimated.
18

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024
n Tangible fixed assets
All tanRible fixed assets, includinR freehold properties. are stated at cost less depreciation.
Assets are reviewed for impairment if circumstance5 indicate their carrying value may exceed their net
realisable value and value in use.
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value
over its expected useful life. Freehold land is not depreciated but the depreciation rates in use for other fixed
assets are as follows..
Freehold buildings
Vehicles
Equipment
1% straight line
25% reducing balance
25% reducin8 balance
gl Investment properties
Investment property, which is property held to earn rentals andlor for capital appreclation, is initiallv
recognised at cost, which includes the purchase c05t and any directly attributable expenditure. Subsequently it
15 measured at fair value at the reporting end date. The surplu5 or deficit on revaluation is recognised in the
Statement of Financial Activities.
hl Liabilities
Liabilities are recognised on the accruals basis in accordance with normal accounting principles.
il Funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the
discretion of the trustees in the furtherance of the objects of the charity. Such fund5 may be held in order to
finance both working capital and capital investment.
jl Finance and operatin8 leases
Finance leases are accounted for in accordance within the requirements of the Flnancial Reporting Standard
102.
Rentals payable in respect of operating leases are charged to the Statement of Financial Activities as incurred.
kl Pension Commitments
The charity operates a defined contributions pension scheme in accordance with the National Employment
Savin8s Trust INEST). Contributions are char8ed in the accounts as they become payable in accordance with
the rules of the scheme.
11 Legacies
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to the
charity. and the amount to be received can be estimated with sufficient accuracy. and that any conditions
attached to the legacy are either within the control of the charity or have been met.
19

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024
2 LEGAL STATUS
The charity is a company limited by guarantee and has no share capital. The charitable company was
incorporated on 11 September 1985 in England and Wales and was registered on 4 October 1985 with the
Charity Commission in England and Wales. The charity is a public benefit entity.
The registered office of the charitable company is East Court, Wookey, Wells, Somerset, BA5 IAR.
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and
liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body
or bodies havin8 similar objects to the charity.
3 INCOME
Unrestrlcted
funds
Restrlcted
funds
2024
Total
2023
Total
VOLUNTARY INCOME
Donations and legacies
Fundraising
Total voluntary Income
26.408
13,490
39.898
23,500
49,908
13,490
63,398
52,148
4,812
56,960
23,500
CHARITABLE ACTIVITIES
Fees and contributions
Covid 19 related grants
Other income
Total choritoble activitie5
2,787,762
2,787,762
2.381,538
18,500
18,526
2 806 288
18,526
2 806 288
2 400 038
INVESTMENT INCOME
Investment income
INCOME FROM TRADING SUBSIDIARY
TOTAL INCOME
41
249744
20

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 {continued)
4 EXPENDITURE
Unrestricted
funds
Restricted
funds
2024
Total
2023
Totsl
FUNDRAISING COSTS
Fundraising and publicity
4,706
4,706
7,016
Running Costs relating to Day Services
Resident Activities
Vehicle Running Costs
Household Running Costs
Personal allowances paid to residents
Repairs, Maintenance & Health & Safety
Employed staff costs {see note 51
Payroll costs
Staff recruitment costs
Subcontractors
Indemnity Insurance
Le8al fees
Telephone and internet
Bank charges
Care Standards Commission
Interest payable
Staff training and welfare
Travel costs
Depreciation
Profit on disposal of fixed assets
Office costs, stationery and advertising
Subscriptions
Sundry expenses
Accountancy fees
Auditors remuneration
Orchard Vale Enterprises gardening costs
5.458
17,095
39,342
213,278
52,911
129,688
1,726,582
3,670
15,254
321,797
2,475
5,934
17,441
2,414
4,333
10,255
49,368
3,255
31,356
2,323
14,336
3,774
1,097
4,990
11,000
5,458
23,579
43,151
213,278
52,911
131.340
1.748,115
3.670
15,254
321,797
2,475
5,934
17,441
2,414
4,333
10,255
49,758
4,096
32,774
2,323
14,336
3,809
782
7,792
11.000
4.588
15,597
16,782
33,593
187,062
53,264
73,855
1,631.382
3,221
16,569
231,196
2,605
6,105
11,154
1,934
4,333
5,665
40,908
7,132
34,507
6,484
3,809
1,652
21,533
390
841
1,418
13,438
2,244
1,105
4,954
6,300
3,838
35
1315)
2,802
4,588
Total cost of charitable activities
2.689.426
43,237
2,732,663
2,408 743
TOTAL EXPENDITURE
2,694,132
43,237
2,737,369
2,415,759
During the year the amounts paid to the auditors included audit fees of £6.000 {2023'. £4,900) and £1,500
12023: £1,4001 in respect of other services.
21

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 {continued)
5 EMPLOYED STAFF COSTS AND NUMBERS
Employed staff costs for the group were as follows:
2024
2023
Salaries and wages
Social security costs
Pension
1,585,531
130,530
32,054
1,475.976
126,066
29,340
1.748,115
1,631,382
No employee earned more than £60,000 duringthis or the prioryear.
During the year £134,64112023'. £124.591} was paid to 3 {2022- 41 members of key management personnel,
including pension contributions.
As at 31 January 2024 the charity had outstanding pension payment liabilities of £nil {2022'. £6,199).
The average number of full time employees and part time staff during the year was as follows:
2024
No.
63
2023
No.
66
En8a8ed on charitable artivities
Engaged on management and administration
70
70
6 TAXATION
The charitable company is exernpt from corporation tax as all its income is charitable and is applied for
charitable purposes.
The tax currently payable by Orchard Vale Social Enterprlses CIC is based on taxable profit for the year. Taxable
profit differs from net profit as reported in the year because it excludes items of income or expense that are
taxable or deductible in other years and it further excludes items that are never taxable or deduttible. The
companws liability for current tax is calculated using tax rates that have been enacted or substantively enacted
bv the reportinA end date.
22

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 (continued)
7 TANGIBLE FIXED ASSETS
GROUP AND CHARITY
Freehold
land &
bulldln8S
Equipment
and vehicles
Total
COST
At l February 2023
Additions
Disposals
At 31 January 2024
2.525.998
53.863
225,392
21,367
129,0001
217,759
2,751,390
75,230
129,0001
2,797,620
2.579,861
DEPRECIATION
At l February 2023
Charge for the year
Disposals
At 31 January 2024
929,522
18,923
180.345
13,851
{26,682
167,514
1.109,867
32,774
126,682}
1,115,959
948,445
NET BOOKVALUE
At 31 January 2024
1,631,416
50,245
1,681,661
At 31 January 2023
1,596,476
45,047
1,641,523
8 INVESTMENT PROPERTIES
GROUP AND CHARITY
Investment
propertles
FAIR VALUE
At l February 2023
Additions in year
Disp05als in year
Revaluation
At 31 January 2024
350,Q)O
350,000
A professional market value of £350.000 was obtained for the property in June 2021. The investment property
has been assessed by the Trustee5 during the year as remaining at fair value.
If land and buildings were measured using the historic cost model. the carrying amounts would have been
approximately £278,99112023 - £282,380), being c05t £338,89212023 - £338,892) and depreciation £59.901
{2023 - £56,512).
23

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 (continued)
9 DEBTORS
Group
2024
Charlty
2024
2023
2023
Trade debtors
Other debtors
Taxation recoverable
Prepayments and accrued income
91.706
195,163
90,920
24,690
293
189,247
51.005
2,863
520
243.635
293
2.863
1,825
199.851
91,999
115,903
10 CREDITORS: amounts falling due within one year
Group
2024
Charlty
2024
2023
2023
Bank loans {see note 11)
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income
27,350
66,977
31,047
2,793
14,628
26,070
60,783
15
9,697
9,936
27.350
66,810
31,047
2,793
13,428
26,070
60,553
15
9,697
9,936
142,795
106,471
141,428
106,241
11 CREDITORS.. amounts falling due after one year
Group
2024
Charity
2024
2023
2023
Bank loans
119,452
146,812
119,452
146.812
Secured loans and creditors due after more than five years:
Group
2024
Charlty
2024
2023
2023
Bank loans
8.784
26,829
8,784
26,829
The bank loans are secured on the freehold properties concerned. The loans represent 9% {2023 11%) of the
net book value of the freehold properties
24

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 (continued)
12 OPERATING LEASES
At the year end the charity had total operating commitments under non-cancellable operating leases of
£17.823 {2023: £26,4031.
The operating leases includes one lease for photo copiers which expires in February 2025 for which the annual
charge Is £1,128, and a telephone system which expires in Ottober 2028 for which the annual cost is £4,452.
13 MOVEMENT IN FUNDS- GROUP AND CHARITY
Funds at
1 February
2023
Funds at
31 January
2024
Income Expendlture
Transfers
RESTRICTED FUNDS
Funeral fund
Big Lottery fund
IT Delivery fund
Dr Martens Foundation
Reconditioning
Projertor Fund
Orchard Vale Enterprises CIC
Total restrlcted funds
19,262
5,669
6,264
678
19.940
4,251
6,264
13,348
8,516
{1,418)
15,000
{1,652)
16,484}
15,000
8,5
17,355
18,500}
15.460
3.270
{33,6831
143,2371
2,402
49,465
41.533
6,960
54,721
DESIGNATED FUNDS
Property Capltal fund
Revaluation reserve
1,712,752
60,842
129,178)
80.031
10,167
1,763,605
71,009
Totsl designated funds
1.773,594
{29,1781
90,198
1,834,614
UNRESTRICTED GENERAL
General funds
702,165
2.865,621
{2.664.9541
{97,1581
805,674
Total unrestricted funds
2.475.759
2,865.621
{2,694,132)
16,9601
2,640.288
Funeral fund
This fund h35 been set up to provide funeral arrangements for residents whose families partiClP3te in the
scheme.
25

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 (continued)
Bl8 Lottery Fund
This relates to funding received from Big Lottery in order to set up the café and gardening Se￿iCe5 provided by
Orchard Vale Social Enterprises CIC as work activities for the residents.
IT Dellvery Fund
This fund was to run IT workshops in the community and was used to purchase ipads and pay a specialist
trainer.
Orchard Vale Enterprlses CIC
Thls represents the reserves of Orchard Vale Enterprises CIC.
East Court Garden Furnlture
This fund relates to donations received towards the purchase of garden furniture for East Court
Hlve communlty servl¢es
This wa5 awarded to the Hive Day Service to introduce a regular exercise session on a weekly basis.
Recondltlonlng
This fund represents income to be used to support increasing the activity levels and overall fitness of the
individuals who live in our residential care homes.
Dr Martens Foundatlon
This is to fund staff and resources to expand the kitchen garden at East Court so that it can increase its produce
and support the local foodbank and community with produce from the garden.
Projector Fund
Orchard Vale Trust was chosen as the Wells Golf Club's Charity of the year, the money they raised was
specifically to purchase an interactive projector which can be shared across the Trust and provide a range of
activities and stimulus for the individuals that we support.
Property Capltal fund
The charlty maintains 3 Property Capital fund. This fund has been created to reflect the book value of the land
and buildings held by the charity, net of bank loans outstanding at the balance sheet date,
General fund
The charity maintains one general unrestricted fund.
26

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 {continued)
14 ANALYSIS OF NET ASSETS BEfwEEN FUNDS
Restricted Designated
funds
funds
General
funds
Total
funds
Year Ènded 31 January 2024
Tangible fixed assets
Fixed asset investments
Net current assets
Long term liabilities
Net assets
4.251
1,631,416
350,000
127.3501
{119,4521
1,834.614
45.994
1,681.661
350,000
782,800
{119,452}
2,695,009
50,470
759,680
54,721
805,674
Restricted Deslgnated
funds
funds
General
funds
Total
funds
Year ended 31 January 2023
Tangible fixed assets
Fixed asset investments
Net current assets
Long term liabilities
Net assets
5,669
1,596,476
350.000
126,070)
1146,8121
1,773,594
39,378
1,641,523
350,000
680,513
1146,8121
2,525,224
43,796
662,787
49.465
702,165
15 RELATED PARTIES
The following transactions with related parties have occurred during the year:
Hannah Allen and Martha Venner are both trustees and are related to beneficiary, Matthew Charnaud.
Peter Crump Itrusteel is related to beneficiary Bronwen Crump.
Chris Absolon and Joanna Sudell are trustees. The related beneficiary to both of them is Jonathon Absolon.
Adrian Lumley-smith {trusteel is related to beneficiary Timothy Lumley-smith.
No reimbursements are made to Trustees for expenses incurred on Trust business.
Although the trustee5 are entitled to be reimbursed for travel costs etc. they do not claim this.
Funds belonging to the charity have been used for the purchase of insurance to protect the charity from loss
arising from the neglect or defaults of its trustees. employees or agents. or to indemnify its trustees.
employees or agents, against the consequences of any neglect or default on their part. The sum expended on
such insurance was £1,54812023- £1,548).
27

ORCHARD VALE TRUST LIMTED
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 (continued)
16 SHARE CAPITAL
The charity is incorporated under the Companies Att and is limited by guarantee, each member having
undertaken to contribute such amount5 not exceeding one pound as may be required in the event of the
company being wound up whilst he or she is still a member or within one yearthereafter.
There were 10 members of the company12022: 10 members) at the year end.
17 DONATED SERVICES AND ASs￿s
There were no donated assets received durin8 the year. Volunteer se￿iceS given to the charity have not been
valued In the vear to 31 January 2023, 35 the amount is not material to the accounts.
18 NET INCOME FROM TRADING A￿1VITIEs OF SUBSIDUARY
Orchard Vale Trust is the sole subscriber to Orchard Vale Social Enterprises CIC (company number 115287721.
The CIC was Incorporated on 21 August 2018.
The results for the CIC were as follows:
2024
2023
Turnover
Cost of sales
Administrative expenses
Operating loss
Corporation tax
Net Ios5
32,815
14,588)
129,095)
{868)
26,423
{5,141}
(28,1521
16,8701
1,305
15,5651
1868}
19 PARENT CHARITY
Below are summarlsed results for Orchard Vale Trust excluding Income and expenditure from the subsidiary
company..
2024
2023
Income
Donations and Legacies
Charitable activities
Investment income
81,924
2,787,762
20.113
2,889,799
75,460
2,381,538
18,168
2.475,166
Expenditure
Charitable activities
{2.719,1461
12,387,915)
Net gain on investment
Surplus for the year
170,653
87,251
28

ORCHARD VALE TRUST LIMTED
Company number: 1946592
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 (continued)
20 PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restrlcted
funds
2023
Totsl
Notes
INCOME
Voluntary income
44,464
12,496
56,960
Charitable activities
2,382,538
17.500
2,400,038
Investment income
17,934
234
18,168
Income from trading subsidiary
22,277
22,277
TOTAL INCOME
2,444,936
52,507
2,497,443
EXPENDITURE
Fundraising costs
7,016
7.016
Charitable attivities
2,362,363
46,380
2,408.743
TOTAL EXPENDITURE
2,369,379
46,380
2,415,759
NET GAINS ON INVESTMENTS
NET INCOME FOR THE YEAR
75,557
6,127
81.684
TRANSFER5 BETWEEN FUNDS
{1,650)
1,650
NET MOVEMENT IN FUNDS
73,907
7,777
81,684
TOTAL FUNDS AT I FEBRUARY 2022
2,401,852
41,688
2,443,540
TOTAL FUNDS AT 31 JANUARY 2023
2,475,759
49,465
2,525,224
All of the above results are derived from continuing activities. There were no other recognised gains or losses
other than those stated above.
29

ORCHARD VALE TRUST LIMTED
Company number: 1946592
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2024 (continued)
21 PRIOR YEAR MOVEMENT IN FUNDS- GROUP AND CHARITY
Funds at
1 February
2022
Funds at
31 January
2023
Income Expenditure
Transfers
RESTRICTED FUNDS
Funeral fund
Bit Lottery fund
IT Delivery fund
East Court Garden Furniture
Hive community services
Reconditioning
19,028
7,559
6.264
234
2,496
19,262
5.669
6,264
11,890)
{2.4961
10,000
2,500
15,000
iio,0001
(2,5001
15.000
Orchard Vale Enterprises CIC
Total restrlrted fund5
8.837
22.277
131,990)
4,146
3,270
41,688
52,507
146,380}
1,650
49,465
DESIGNATED FUNDS
Property Capital fund
Revaluation reserve
1,620,267
60,842
(24,160)
116,645
1,712,752
60,842
60,842
Total restricted funds
1,681,109
60,842
124,1601
116,645
1,773,594
UNRESTRicfED GENERAL
General funds
720.743
2,444,936
{2,345,219)
1118,2951
702,165
Total unre5trlcted funds
2,401,852
2.505,778
12.369.379}
11,650)
2,475,759
30