VALLEYS KIDS

Charity number: 1074840
Charity reporting is up to date (27 days late)

Charity overview

Activities - how the charity spends its money

Valleys Kids is established as a community development organization working in some of the most deprived communities in the South Wales Valleys. Through working with communities and providing activities including play, youth, arts, training, etc help people to achieve their potential.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£1,358,327

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Donations and legacies £309.37k
Charitable activities £854.18k
Other trading activities £134.45k
Investments £53.83k
Other £6.50k

Total expenditure:
£1,904,312

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Raising funds £106.10k
Charitable activities £1.80m
Other £0

£0 investments gains (losses)

Total income includes £146,390 from 9 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £106.10k
Charitable expenditure £1.80m

People

55 Employee(s)

9 Trustee(s)

103 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
  • Amateur Sport
  • Economic/community Development/employment
Who the charity helps:
  • Children/young People
  • Other Defined Groups
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout Wales

Governance

Registration history:
  • 24 March 1999: Standard registration
  • 08 November 2016: Funds received from 511654 BETHESDA COMMUNITY ARTS CENTRE LIMITED
  • 10 December 2020: Funds received from 1123697 TIME BANKING WALES
Organisation type:
Charitable company
Other names:

No other names

Company number:
03717865 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
PHILLIP EVANS Chair 12 July 2018
PENYGRAIG COMMUNITY PROJECT
Received: On time
Jason Camilleri Trustee 05 February 2021
None on record
Lyn Watcyn Evans Trustee 07 November 2019
None on record
Nadine Hussien Trustee 02 July 2018
None on record
CERI ASSIRATTI Trustee 16 January 2012
None on record
Dr RHIANNON HOWELLS Trustee
PENYGRAIG COMMUNITY PROJECT
Received: On time
MARION STOKES Trustee
PENYGRAIG COMMUNITY PROJECT
Received: On time
Dr HOWELL GARETH EDWARDS Trustee
PENYGRAIG COMMUNITY PROJECT
Received: On time
REBECCA BOOTH Trustee
TEMPO TIME CREDITS LIMITED
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £1.83m £1.85m £2.19m £1.48m £1.53m
Total expenditure £1.80m £1.71m £1.81m £3.10m £1.90m
Income from government contracts N/A N/A £357.76k N/A N/A
Income from government grants £405.30k £534.80k £128.95k £134.91k £146.39k
Income - Donations and legacies £181.61k £493.48k £529.63k £354.23k £309.37k
Income - Other trading activities £124.20k £50.82k £97.63k £121.54k £134.45k
Income - Charitable activities £1.54m £1.27m £1.53m £959.08k £854.18k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £25.16k £27.02k £34.92k £39.53k £53.83k
Income - Other £0 £6.95k £0 £2.92k £6.50k
Income - Legacies £50 £10.00k £278 £57.54k £0
Expenditure - Charitable activities £1.65m £1.66m £1.73m £2.00m £1.80m
Expenditure - Raising funds £147.66k £58.08k £80.19k £128.31k £106.10k
Expenditure - Governance £12.09k £12.42k £14.60k £13.63k £17.66k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £970.62k £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £4.92m £4.83m £4.77m £3.66m £3.70m
Long-term investments £0 £0 £0 £0 £0
Other assets £250.05k £708.49k £867.08k £406.48k £137.07k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £616.77k £885.54k £570.62k £643.86k £794.30k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 31 January 2025 On time
Accounts and TAR 31 March 2024 27 February 2025 27 days late
Annual return 31 March 2023 04 March 2024 33 days late
Accounts and TAR 31 March 2023 04 March 2024 33 days late
Annual return 31 March 2022 31 January 2023 On time
Accounts and TAR 31 March 2022 31 January 2023 On time
Annual return 31 March 2021 28 January 2022 On time
Accounts and TAR 31 March 2021 28 January 2022 On time
Annual return 31 March 2020 25 January 2021 On time
Accounts and TAR 31 March 2020 25 January 2021 On time
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 2 FEBRUARY 1999

Charitable objects

TO PROVIDE AND ASSIST IN THE PROVISION OF FACILITIES AND SERVICES FOR EDUCATION, PLAY, ARTS, RECREATION AND OTHER LEISURE TIME OCCUPATION FOR THE BENEFIT OF THE RESIDENTS OF SOUTH WALES, THESE BEING FACILITIES AND SERVICES. 1. OF WHICH SUCH PEOPLE HAVE NEED BY REASON OF THEIR YOUTH, POVERTY OR SOCIAL AND ECONOMIC CIRCUMSTANCES 2. WHICH WILL IMPROVE THE CONDITIONS OF LIFE FOR SUCH PEOPLE BY PROMOTING THEIR PHYSICAL, MENTAL AND SPIRITUAL WELL BEING.

Area of benefit

The area the charity can operate in, as set out in its governing document.

SOUTH WALES

Contact information

Address:
The Factory
Welsh Hills Works
Jenkin Street
PORTH
Rhondda Cynon Taff
CF39 9PP
Phone:
01443420870
Email:
elise@valleyskids.biz
Website:

www.valleyskids.org Open in new window