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2024-03-31-accounts

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Chartered
Accountants
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VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED : 31ST MARCH 2024

Company no. 03840774 Charity no: 1079467

A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL

Watkins Bradfield & Co., HW Vaughan & Co. and WBV are trading names of WBV Limited, a company registered in England & Wales No. 07250663 Registered Office: Woodfield House, Castle Walk, Neath SA11 3LN Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales Details of our audit registration can be viewed at www.auditregister.org.uk under reference number C002565389

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

CONTENTS
Page
Report of the Trustees 1 - 16
Independent Examiner’s Report 17
Statement of Financial Activities
(including summary income and expenditure account) 18
Balance Sheet 19 & 20
Notes to the Financial Statements 21 - 34

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

REPORT OF THE TRUSTEES

The Trustees are pleased to present their annual directors’ report together with the consolidated financial statements of the charity and its subsidiary company for the year ended 31st March 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

LEGAL AND ADMINISTRATIVE INFORMATION

Charity No: 1079467 Company No: 3840774

The charity’s working name is Dove Workshop

Directors and Trustees Cllr. T H Marston
Mr A B H Maddocks
Miss S Carter
Mrs J E Whitney (Resigned 19 May 2022)
Mrs L Rogers (Resigned 19 May 2022)
Mrs H K Winston
Mr J Evans
Mr G M D Cawsey
Mrs S F Webber
Mr A R Jones
Mrs L Smith (appointed 22 November 2022)
Mrs M G Francis (appointed 22 November 2022)
Chair Mr G M D Cawsey
Manager Ms Lianne Byrne
Treasurer Mr J Evans
Registered office Banwen Community Centre,
Roman Road,
Banwen,
Neath,
SA10 9LW
Registered in England and Wales

Page 1

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Principal activities

Mission Statement

VIEW (DOVE) Ltd, known as DOVE Workshop, was established as a charitable company to:

“Facilitate the advancement of education, training or retraining particularly among unemployed people and the provision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need, through help in setting up their own business in the Neath, Dulais and Swansea Valleys area.”

VIEW (DOVE) Ltd will:

Trustees:

Dean Cawsey, Chair Jamie Evans, Treasurer Thomas Marston Susan Carter Katrina Winston Sian Williams Tony Maddocks Andrew Jones Lesley Smith Mair Francis

Manager: Lianne Byrne Independent Examiner Terrance Jones ACA FCCA, WBV Limited, Chartered Accountants, Woodfield House, Castle Walk, Neath. Bankers Lloyds TSB, Windsor Road, Neath

Page 2

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Dove Workshop Limited

Dove Workshop Limited is a trading company that provides café, catering and day nursery services under the same premises as those leased by View (Dove) Limited. Dove Workshop Limited ceased to operate the café itself on 1 April 2018. A third party took over the running of the café and catering services from 2 April 2018 as detailed further in note 27 of the accounts. Many of the services provided by Dove Workshop Limited are complimentary to those activities of the charity company View (Dove) Limited. As the trading company has a very close affiliation with the charity its financial results are consolidated with those of the charity in accordance with the requirements of the Charities SORP (FRS102). The results of the company are consolidated on a line by line basis in accordance with the applicable financial reporting standard.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

View (Dove) Limited is a company limited by guarantee governed by its Memorandum and Articles of Association incorporated on 14th September 1999 as amended by Special Resolution 6th January 2000.

Anyone over the age of 18 can become a member of the charitable company and there are currently 42 members (2023: 73 members; 2022: 86 members) each of whom agrees to contribute £1 in the event of the charity winding up.

Appointment of Trustees

In accordance with the Articles of Association the committee may delegate any of their powers to subcommittee consisting of such persons as they think fit. As such the committee may appoint trustees of the charity. All trustees shall conform to any regulations that may be imposed on them by the committee and shall report all acts and proceedings to the committee as soon as is reasonably practicable. Two trustees are elected annually by the members of the charitable company attending the Annual General Meeting and serve for an indefinite period or until given notice by the Management Committee.

Trustee induction and training

Careful judgement is exercised prior to selection of trustees. All trustees selected have a thorough knowledge and understanding of the charity in all areas covering day to day operations, key funders and stakeholders, legal obligations under charity and company law, content of the ‘Memorandum & Articles of Association’, the committee and decision making processes, the business plan and recent financial performance of the charity. Trustees continuously undergo relevant training events and courses, which may facilitate the undertaking of their role.

Organisation

The management committee administers the charity. The size of the management committee shall be determined in general meeting but unless and until so fixed there should be no maximum number. The management committee consists of a Chairperson and eight committee members (whom for the purposes of company law are also company directors) and a secretary.

Page 3

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Related parties

The charity has a close relationship with Dove Workshop Limited. The company is registered in England and Wales and has a registered number 2341942. The trading company was established to operate the Dovecote Day Nursery and Café Sarn Helen, whereby the principal aim is to provide services and undertake activities which are complimentary to the aims and objectives of the charity company View (Dove) Limited.

Other related parties of View (Dove) Limited are identified as the Trustees/Directors (and their close families) of the charitable company and members of the management committee by virtue of them having significant influence in the day to day control of the organisation.

Risk management

The trustees have a risk management strategy, which comprises:-

The only significant risk identified that could affect the long term survival of the charity is that of financial independence, were external funding to be jeopardised, then in the long term the charity could struggle to continue its activities. However, the management committee has taken great strides in becoming more financially independent, by means of increasing generated income through nursery and café activities. Furthermore, the management committee is very experienced in applying for grants to maintain the staff and premises and thus far have been successful in securing funds. The management committee operates a reserves policy to mitigate short term risks.

Objectives and activities

The objects of the charity are the advancement of education, training or retraining particularly among unemployed people and the provision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need, through help in setting up their own business or to existing businesses in Neath, Dulais and Swansea Valleys area.

These continued to be the main objectives for the year.

The strategies employed to achieve the charity’s objects were:-

Page 5

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Chairperson’s Address

It is my honour and privilege to introduce the VIEW (DOVE) Ltd Annual Report for 2023/2024.

The impact of the challenges we’ve faced over the past five years are still being felt across our communities. Inflation has been running high for some time, war in Ukraine and across the Middle East continues, and pressure on services remains at all time high.

Once again, it has been Dove Workshop leading the response to these challenges, uniting people and providing an anchor for local services and support for the most vulnerable in our community. Our small but perfectly-formed staff team always go above and beyond what is required of them, always there when needed. On behalf of our organisation and our community, thank you for all that you do.

Despite the serious challenges faced by all organisations across the Voluntary Sector - including funding being more competitive than ever - we are still here . Working in partnership, adapting to the ever-changing needs of society, and delivering for our community, Dove Workshop remains as relevant and essential as ever.

At the heart of our work is community learning in all its forms. This past year has seen the return of a comprehensive programme delivered to almost 200 people across a variety of subjects and opportunities. Our wonderful Dovecote Day Nursery goes from strength to strength, directly employing 7 people and delivering a vital service to 55 registered children.

The Cwm-Ni Iach, Cymunedau Hyderus project remains a crucial part of our project offering, delivering a range of activities to combat anxiety, stress and depression via outdoor classrooms, art therapy and the brilliant Confidence to Cook sessions. It has been wonderful to see the team secure funding from the UK Shared Prosperity Fund, delivering the Multiply project (improving adult numeracy via the Cooking on a Budget course) and the Third Sector Growth Fund, which has involved recruiting and training volunteers through the newly formed and amazing Caffi Cymunedol.

The team has also continued to deliver important community events such as the exhibition to mark the 40th Anniversary of the Miners’ Strike, craft fairs and the hugely popular winter wonderland walk. Other projects include the continuation of the Warm Hubs cost-of-living support, and family engagement activities including free school holiday packed lunches, arts and crafts sessions and the cinema club.

The benefit of partnership working in delivering all these projects is unquestionable, and we recognise the support provided by our partners (both financial and in-kind), and of course our team for building, strengthening and maintaining these partnerships.

As ever, my sincere thanks go all our staff, supporters and trustees who help Dove Workshop continue to make a real difference.

Page 5

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Managers Note

As had been the case in previous years, developing services at Dove Workshop remains every bit as challenging as it is rewarding. In this report I am thrilled to share with you the progress the organisation has made in the recovery from the Covid pandemic. However, it is important we acknowledge the ongoing challenges faced by the third sector as a whole. With greater pressure being experienced by organisations in terms of demand and expectation, at a time where funding is limited and more fiercely competitive to access.

The report highlights the return of a robust programme of learning, along with the achievements made in our continued response to the needs of our local communities. DOVE Workshop continues to be the first port of call for many in need of support.

We have continued to benefit from the relationships we have with partner organisations, providing a service that caters to the needs of all beneficiaries.

I offer a personal thanks to our small but dedicated staff group. It remains an honour and a privilege to work alongside such a devoted team. Our staff will always go the extra mile, even when time and resources are limited our staff will deliver a service that acts in the best interest of our beneficiaries, and the wider community.

We offer thanks to all our funders, without whom our work would not be possible.

Finally, I would like to thank our trustees for giving their time, knowledge, and expertise to support and guide the organisation in all that we do.

Lianne Byrne Manager

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VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Key Achievements 2023/2024

Page 7

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Dovecote Day Nursery

DOVECOTE Day Nursery is registered with the Care Inspectorate for Wales whose role it is to ensure that children get high quality care and

nurseries meet the national minimum standards in line with legislation. We are delighted to report in the last three inspections no recommendations for improvement were contained in the report.

Page 8

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Cwm-Ni Iach, Cymunedau Hyderus Healthy Company, Confident Communities

We continued to work across the Dulais Valley and surrounding communities and provide a range of activities that have included anxiety and stress management, depression management, woodland walks, art & craft, cooking for mental health and much more.

Whilst this reporting period brought an end to the Lottery Community Fund project, many of the practices and principles adopted by the project have now become embedded within the organisation, along with the invaluable partnerships made over the course of 7 years.

Key Outcomes 2023 (March – June):

Page 9

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Community Learning

The organisation is committed to providing learning opportunities, an impartial guidance service and support throughout the learner’s journey. We are also committed to supporting people who need help to use technology, in particular, to use online public services, search for employment, claim benefits and gain skills.

This reporting period saw an increase in face-to-face learning here at DOVE Workshop. We had previously been faced with the challenges of online learning having taken precedence as a result of the COVID pandemic. The return of classroom-based learning has been a much welcomed one, by the organisation and our students alike.

In the 2023 – 2024 period we were able to deliver:

Independent facilitators offered learning opportunities:

We have supported independent groups to facilitate their own learning opportunities:

Page 10

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Third Sector Growth Fund – UKSPF

Caffi Cymunedol

UK Shared Prosperity Fund (UKSPF) is a central pillar of the UK Government’s Levelling Up Agenda and provides funding for local investment. Neath Port Talbot CVS successfully secured £925,000 from the Neath Port Talbot UKSPF allocation to administer a Third Sector Growth Fund to provide grant support for voluntary organisations, charities and social enterprises in Neath Port Talbot, with a particular focus on:

The UKSPF Third Sector Growth Fund aims to empower communities to explore how best to tackle local challenges - whether through building skills, supporting local businesses, supporting communities and places - to build communities where people want to live, work and visit. This fund will support projects that assist with developing the social fabric of communities; improve wellbeing in our communities; reduce carbon footprint; and enhance community, cultural and sporting facilities.

At DOVE we have utilised the grant to develop and deliver a volunteer-led project centred around the establishment of a community café, Caffi Cymunedol. The project seeks to recruit and train volunteers, improving skills and employment prospects, whilst developing a facility that benefits the wider local community.

In this reporting period (October 2023 – March 2024) we:

- Cooking on a Budget UKSPF Multiply

Multiply is a new up to £559 million programme to help transform the lives of adults across the UK, by improving their functional numeracy skills through free personal tutoring, digital training, and flexible courses. Multiply provision should complement but not duplicate existing provision

Multiply allowed for the delivery of bespoke numeracy courses, designed to compliment but not duplicate existing provision. Adults aged 19+ who have not previously attained a Level 2 or higher maths qualification are eligible to attend Multiply courses.

Desired Government outcomes are:

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VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

- Cooking on a Budget UKSPF Multiply (continued)

Here at DOVE Workshop we have utilised the funding to develop and deliver Cooking on a Budget classes. Designed around the practical application of maths in the home environment.

In this reporting period the project:

Warm Hubs

Cost of Living Support

In response to the continued cost-of-living crisis and to meet the increased demands placed up on the organisation, funding was secured to establish a service that met community need.

Funding for cost-of-living support was secured in grants from Neath Port Talbot CBC and Neath Port Talbot CVS.

Through funding we were able to able to achieve:

Community Events

We have been able to organise and execute several community engagement and information events, free of charge to our communities.

Events organised:

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VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Family Engagement Activities

In this reporting period we have sought to increase engagement with families and community members. We have worked closely with local primary and secondary schools, along with families living in the Dulais Valley to offer services that build relationships, combat holiday hunger, and alleviate some of impact families experienced due to the cost-of-living crisis.

We have delivered:

Working in Partnership

The work that is highlighted in this Annual Report would not be possible without the many partners and funders that we work with. The organisations listed below contribute to the success of the organisation and more importantly provide expertise, advice, support and resources for the people who live in the communities we serve.

Page 13

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

We extend our thanks to local volunteers and community activists whose help, experience, opinions and time have proved invaluable in our development of local initiatives.

FINANCIAL REVIEW

The financial result for the year to 31st March 2024 saw a net decrease in group funds totalling £40,018 compared to a £1,630 increase in 2023.

It should be noted that the net movement in funds be it a surplus or deficit, does not necessarily reflect the overall financial activities and underlying performance of the charity. For example a large deficit may not appear to be a satisfactory result in itself, but it should be appreciated that a charity may have allocated a considerable amount of its funded resources to large scale revenue projects during the period, in accordance with its charitable objectives, thereby resulting in a deficit for that period. Conversely, a surplus certainly does not indicate that a charity is not utilising its funded resources as grant funding may have been spent on large capital projects with low depreciation rates that would only expense a small portion of depreciated capital expenditure through the SOFA in that year, thereby resulting in what would appear to be a large surplus.

The result for the period is comprised of the net movement in restricted and unrestricted funds (general funds belonging to the group) and is explained in further detail below;

Restricted fund reserve

Core funding grants were received from NPTCBC (CRF) totalling £40,000 to fund core salary and overhead costs as shown in note 6. Additional grants were received from various sources totalling £117,824 and these were used to fund various projects and services in line with the objectives of the charity. Expenditure defrayed on restricted activities during the period amounted to £168,179, shown in notes 6 and 21, and this expenditure was funded by a combination of the grants and funding received during the current period and restricted reserves brought forward from previous periods, as shown in note 21.

General unrestricted fund reserve

The underlying performance of the entity is reflected within the movements in this fund. Restricted reserve entries on the SOFA represent externally funded projects and services and therefore do not represent the underlying core activities of the charity and how it performs under its own steam. The general reserves of the group have decreased by £25,758 to £77,911 of which the subsidiary company comprises a reserve of £(57,196) and the charity representing a reserve of £135,107; the increase in the reserves is mainly due to the profit from commercial activities.

Whilst the balance sheet appears strong, it must be appreciated that the bulk of the reserves of the charity relate to the restricted reserves which are comprised largely of the leasehold property. This is a valuable leasehold asset however, it does not represent a liquid resource, so cannot be relied upon as a means of security in the event of funding difficulties. The cash balances of the group have decreased by approximately £32,582 to £113,766. The cash balances available to the charity were £112,545 but of these cash balances, an amount of £87,761 related to unrestricted funds – the balance of £24,784 were restricted grants. The unrestricted cash available to the charity decreased by £17,807 largely as a result of the net movement in unrestricted funds of £(25,758).

The net current assets of the charity have improved from the previous period, amounting to £153,548 (2023 £153,310) largely as a result of a surplus on the unrestricted reserves.

Page 14

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

GOING CONCERN

As stated in the Financial Review, View (Dove) Limited has generated a group loss of £(25,758) from core activities during the year under review and has a surplus on its unrestricted income funds of £77,911 at 31 March 2024.

The Board of Trustees and the managers regularly review the current and future funding streams and the running costs of the organisation.

The management committee has strong links with the local authority and local partnerships and are actively pursuing funding opportunities that will enable the charity to meet its core running costs.

If the management committee is unable to obtain sufficient funding in the foreseeable future the charity may not continue in its current form and may incur additional costs which are not reflected in these accounts.

The trustees previously formulated a 3 year business plan for 2021 to 2024 to endeavour to ensure the continued operational existence of the group.

RESERVES POLICY

The primary objective of the charity is the advancement of education, training and retraining of people within the Neath, Dulais and Swansea Valleys, also to provide financial assistance, technical assistance or business advice to such persons in those areas. The trustees aim to establish a level of reserves (that is those funds which are freely available to the charity) that the charity ought to have. Reserves are needed to bridge the funding gaps that may arise on an occasional basis or to meet incidental repairs and running costs. Although there is no specific amount calculated year on year, the trustees continuously monitor the charity’s financial position to ensure that there are sufficient funds retained that could allow the charity to adhere to its objectives and, as such meet all training costs and overheads over a sufficient period of time to enable all ongoing courses to be completed. At the 31st March 2024 there were group unrestricted cash and overdrawn bank balances of over £113,000.

PUBLIC BENEFIT

The trustees have had due regard to public benefit and consider that each of the activities that the charity is engaged within helps promote the aims of the charity in respect of improving opportunities and the conditions of the life of the inhabitants the Dulais Valley and the surrounding neighbourhood. The numerous activities and achievements of the charity and how these benefit the community are explained in greater detail in the above paragraphs of this report.

ACCOUNTS

The accounts are drawn up to comply with the Companies Act 2006, Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019.

Page 15

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

BY ORDER OF THE TRUSTEES:-

…………………………………………….

Mr Dean Cawsey (Chair)

…………………………………………….

Mrs Mair Francis (Trustee)

Date:

Page 16

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

Independent Examiner’s Report to the trustees and members of VIEW (DOVE) Ltd and VIEW (DOVE) Ltd Group

I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2024 which are set out on pages 18 to 34.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Terrance Jones ACA FCCA Independent Examiner WBV Limited Chartered Accountants Woodfield House Castle Walk Neath SA11 3LN

Date:

Page 17

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

VIEW (DOVE) LIMITED GROUP CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT

INCOME
Donations
Charitable activities
Core Funding grant
Grants for specific projects and services
Primary purpose trading
Other trading activities
Commercial trading operations
Investment Income
Bank interest

TOTAL INCOME

EXPENDITURE
Raising funds
Commercial Trading Operations
Charitable Activities

TOAL EXPENDITURE

NET INCOME/(EXPENDITURE) BEFORE TRANSFERS
Transfers between funds

Net movement in funds

Fund balances brought forward at 01/04/2023
FUND BALANCES CARRIED FORWARD
31/03/2024		 Unrestricted
Funds
Notes
£
2
3
-
4
-
5
49,182
17
137,902
1,375
188,459
17
166,708
6
51,414
218,122
(29,663)
21
3,905
(25,758)
103,669
77,911		 Unrestricted
Funds
Notes
£
2
3
-
4
-
5
49,182
17
137,902
1,375
188,459
17
166,708
6
51,414
218,122
(29,663)
21
3,905
(25,758)
103,669
77,911		 Restricted
Funds
£

40,000
117,824
-
-
-
157,824
-
168,179
168,179
(10,355)
(3,905)
(14,260)
155,825

141,565		 Total
2024
£

40,000
117,824
49,182
137,902
1,375
346,283
166,708
219,593
386,301
(40,018)
-
(40,018)
259,494

219,476		 Total
2023
£
-
38,378
124,606
68,405
157,988
226
389,603
153,800
234,173
387,973
1,630
-
1,630
257,864
259,494

The commercial trading operations above are derived from continuing activities as detailed in note 17 of the accounts.

All of the results are derived from continuing activities. There were no gains and losses on investment assets or any other assets.

Page 18

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

VIEW (DOVE) LIMITED AND VIEW (DOVE) LIMITED GROUP CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2024

FIXED ASSETS
Tangible Assets
CURRENT ASSETS
Sundry debtors and prepayments
Investments
Cash at Bank and in Hand

LIABILITIES
Creditors amounts falling due
within one year

NET CURRENT ASSETS

TOTAL ASSETS
LESS CURRENT LIABILITIES
ACCRUALS AND DEFERRED
INCOME

TOTAL NET ASSETS

THE FUNDS OF THE CHARITY
Unrestricted Income Funds
Restricted Income Funds
 Group
Group

2024
2023
Note
£
£
9
382,248
427,679
10
19,319
7,843
11
250
250
12
113,766
146,348
133,335
154,441
13
(42,591)
(40,408)
90,744
114,033
472,992
541,712
14(253,516)
(282,218)
219,476
259,494
15
77,911
103,669
21
141,565
155,825
219,476
259,494		 Charity

2024
£
123,126
46,339
250
112,545
159,134
(5,586)
153,548
276,674
-
276,674
135,109
141,565
276,674		 Charity
2023
£
134,575
28,294
250
130,352
158,896
(5,586)
153,310
287,885
-
287,885
132,060
155,825
287,885

Page 19

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:-

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements on pages 18 to 34 were approved and authorised for issue by the trustees on ………………………….. and signed on their behalf by:-

…………………………………………….

Mr Dean Cawsey (Chair)

……………………………………………. Mrs Mair Francis (Trustee)

Page 20

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS

1. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared under the historical cost convention.

In preparing the financial statements the charity follows best practice as laid down in the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The statement of financial activity (SOFA) and balance sheet consolidate the financial statements of the charity and its subsidiary undertaking in accordance with the requirements of the Charities SORP (FRS 102) issued in October 2019. The results of the subsidiary are consolidated on a line by line basis.

No separate SOFA has been presented for the charity alone as permitted by Section 408 of the Companies Act 2006.

The Financial Statements have been prepared on a basis consistent with the details contained in note 27 of the financial statements.

View (Dove) Limited meets the definition of a public entity under FRS 201.

(b) Company status

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity.

(c) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

(d) Income

Grant income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned (as the related goods or services are provided). Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

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VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

(d) Income (continued)

Income from other trading activities are resources received which are a payment for goods and services provided for the benefit of the charity’s beneficiaries. It will include trading activities undertaken in furtherance of the charity’s objects otherwise known as ‘primary purpose trading’.

Investment income is recognised when receivable.

The value of services provided by volunteers has not been included in these accounts due to the absence of a reliable measurement basis.

(e) Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Expended on charitable activities comprise all the resources applied by the charity in undertaking its work to meet its charitable objectives. Charitable activities are all the resources expended by the charity in the delivery of goods and services, including its programme and project work that is directed at the achievement of its charitable aims and objectives. Such costs include the directions of the charitable activities, together with those support costs incurred that enable those activities to be undertaken and governance costs.

Governance costs include the costs of governance arrangements that relate to the general running of the charity as opposed to direct management functions inherent in generating funds, service delivery and programme or project work. These activities provide the governance infrastructure which allow the charity to operate on a day to day basis.

(f) Tangible fixed assets and depreciation

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:-

Leasehold property improvements - duration of lease 30 years
Equipment, fixtures and Fittings - 33 1/3 % per annum of cost and 25% per
annum of cost

Page 22

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

(f) Tangible fixed assets and depreciation (continued)

The group has held a short (30 year) lease since 2003 on land owned by Onllwyn Community Council.

Software packages purchased separately from computers are written off in the year of purchase.

(g) Hire purchase and leasing commitments

Rentals paid under operating levels are charged to the statement of financial activities on a straight line basis over the period of the lease.

(h) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(i) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(j) Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the SOFA in the period to which they relate.

(k) Cash Flow Statement

A cash flow statement is not prepared in accordance with the Charities SORP (FRS 102) Update Bulletin 1.

Page 23

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

2. DONATIONS


3.


4.
 Unrestricted

Funds
£
Emergency Fund
-
Other
-
-


CORE FUNDING GRANT
Unrestricted

Funds
£
Grants & Core Funding:-
NPTCBC – CRF
-
-


GRANTS FOR SPECIFIC PROJECTS AND SERVICES
Unrestricted

Funds
£
Big Lottery Fund People and Places -
Cwm Ni Iach,CymunedauIach
-
Llechi, Glo a Chefn Gwlad
-
All Forest School
-
Rank Foundation - Time to Shine
-
Community Ranger
-
NPTCBC - Warm Space
-
NPTCBC - Food Poverty
-
Summer of Fun
-
Winter Wellbeing
-
NGED
-
Tesco
-
NPTCVS SPF Caffi Project
-
NPTCBC Multiply Project
-
NPTCVS Cost of Living
-
Discretionary Grant
-
Co-op Garden Project
-
Community Fund
-
NPTCBC Playworks Holiday Project
-
Community Foundation Wales Core
-
-		 Unrestricted

Funds
£
Emergency Fund
-
Other
-
-


CORE FUNDING GRANT
Unrestricted

Funds
£
Grants & Core Funding:-
NPTCBC – CRF
-
-


GRANTS FOR SPECIFIC PROJECTS AND SERVICES
Unrestricted

Funds
£
Big Lottery Fund People and Places -
Cwm Ni Iach,CymunedauIach
-
Llechi, Glo a Chefn Gwlad
-
All Forest School
-
Rank Foundation - Time to Shine
-
Community Ranger
-
NPTCBC - Warm Space
-
NPTCBC - Food Poverty
-
Summer of Fun
-
Winter Wellbeing
-
NGED
-
Tesco
-
NPTCVS SPF Caffi Project
-
NPTCBC Multiply Project
-
NPTCVS Cost of Living
-
Discretionary Grant
-
Co-op Garden Project
-
Community Fund
-
NPTCBC Playworks Holiday Project
-
Community Foundation Wales Core
-
-		 Restricted
Funds
£
-
-
-

Restricted
Funds
£
40,000
40,000

Restricted
Funds
£


12,693
15,485
1,548
3,208
28,470
21,066
6,311
1,032
17,186
5,825
5,000
117,824
Big Lottery Fund People and Places -
Cwm Ni Iach,CymunedauIach
Llechi, Glo a Chefn Gwlad
All Forest School
Rank Foundation - Time to Shine
Community Ranger
NPTCBC - Warm Space
NPTCBC - Food Poverty
Summer of Fun
Winter Wellbeing
NGED
Tesco
NPTCVS SPF Caffi Project
NPTCBC Multiply Project
NPTCVS Cost of Living
Discretionary Grant
Co-op Garden Project
Community Fund
NPTCBC Playworks Holiday Project
Community Foundation Wales Core

Page 24

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

5. PRIMARY PURPOSE TRADING - INCOME


6.		 Roof Repair Costs Reimbursed
Room Hire, Activities & Course Fees
Management Fees
Employment Allowance
Maternity Pay Recovered
CHARITABLE ACTIVITIES
Note
Salaries & wages (core)
21
Printing, postage, stationery
& adverts
Telephone and internet
Depreciation
21
Repairs and renewals
Rent
Water rates
Light and heat
Sundries
Insurance
Membership Fees & subscriptions
Bank charges
Independent Examination fee
Big Lottery Fund People and
Places - Cwm Ni Iach,
Cymunedau Iach
21
Llechi, Glo a Chefn Gwlad
21
Big Lottery – Awards for All
21
Rank Foundation – Time to Shine 21
Community Ranger
21
NPTCBC – Warm Space
NPTCBC – Food Poverty
NPTCBC – Winter Wellbeing
21
NPTCBC CVS – Young People
21
NGED Community Matters
Summer of Fun
Community Fund Confident
Communities
NPTCBC Playworks Holiday Project
NPTCBC Multiply Project
NPTCVS SPF Caffi Project
NPTCVS Cost of Living		 Unrestricted
Funds
£
1,484
21,305
21,393
5,000
-
49,182
Unrestricted
Funds
£
-
179
4,981
1,583
8,798
-
2,508
20,292
3,737
4,565
35
116
4,620
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
51,414		 Restricted
Funds
£
-
-
-
-
-
-
Restricted
Funds
£
38,382
-
-
14,641
-
-
-
-
-
-
-
-
-
48,066
784
3,365
14,303
2,150
2,699
-
-
342
1,385
-
5,848
21,066
10,069
5,079
168,179		 Total
2024
£
1,484
21,305
21,393
5,000
-
49,182
Total
2024
£
38,382
179
4,981
16,224
8,798
-
2,508
20,292
3,737
4,565
35
116
4,620
48,066
784
3,365
14,303
2,150
2,699
-
-
342
1,385
-
5,848
21,066
10,069
5,079
219,593		 Total
2023
£
2,670
14,367
41,757
5,000
4,611
68,405
Total
2023
£
38,378
573
4,788
17,512
7,412
2,650
3,035
18,600
3,385
6,041
254
121
4,680
65,161
17,051
8
7,573
18,584
312
1,524
1,001
121
3,516
5,574
6,319
-
-
-
-
234,173

Page 25

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

7. SUPPORT COSTS

The charity runs a number of different projects and activities that are closely aligned with its aims and objectives as noted in the trustees report. The direct costs associated with these projects are as noted in each of the project and expense headings in note 6 above. The costs of wages and overheads incurred in support of these activities are shown under the restricted fund column where applicable. The remainder of the core running costs of the charity are reflected under the unrestricted fund column above.

8. GOVERNANCE COSTS

8. GOVERNANCE COSTS
Unrestricted
Restricted		 Total Total
Funds Funds 2024 2023
£ £ £ £
Bank charges 116 - 116 121
Independent examination fee 4,620 - 4,620 4,680
Salaries & Employer’s NIC 3,052 - 3,052 1,921
7,788 - 7,788 6,722

9.		 GROUP TANGIBLE FIXED ASSETS
Equipment,
Fixtures, Fittings & Leasehold
Motor Vehicles
Improvements		 Total
£ £ £
COST
At 1st April 2023 454,269 1,063,829 1,518,098
Additions 4,775 - 4,775
At 31 March 2024 459,044 1,063,829 1,522,873
DEPRECIATION
At 1st April 2023 442,447 647,972 1,090,419
Disposals - - -
Charge for the year 6,442 43,764 50,206
At 31st March 2024 448,889 691,736 1,140,625
NET BOOK VALUE
At 31st March 2024 10,155 372,093 382,248
At 31st March 2023 11,822 415,857 427,679

Page 26

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

10.
`

11.
12.


13.
 DEBTORS AND PREPAYMENTS
Group
Group
2024
2023
£
£
Intercompany debtor
-
-
Sundry debtors: subsidiary
7,319
7,843
Grants receivable : charity
8,360
-
Sundry debtors: charity
3,640
-
19,319
7,843
CURRENT ASSETS INVESTMENTS
Group
Group
2024
2023
£
£
Unlisted investments
250
250
GROUP CASH AT BANK AND IN HAND
Unrestricted
Restricted
Funds
Funds
£
£
Subsidiary bank account
1,221
-
Charity bank accounts
88,007
24,784
Charity cash in hand
(246)
-
88,982
24,784
CREDITORS– AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Group
2024
2023
£
£
Taxation and social security: subsidiary
5,782
3,204
Taxation and social security: charity
-
-
Sundry creditors: subsidiary
2,521
2,916
Sundry creditors: charity
4,332
4,332
Deferred grant income: subsidiary
28,702
28,702
Deferred grant income: charity
1,254
1,254
42,591
40,408		 DEBTORS AND PREPAYMENTS
Group
Group
2024
2023
£
£
Intercompany debtor
-
-
Sundry debtors: subsidiary
7,319
7,843
Grants receivable : charity
8,360
-
Sundry debtors: charity
3,640
-
19,319
7,843
CURRENT ASSETS INVESTMENTS
Group
Group
2024
2023
£
£
Unlisted investments
250
250
GROUP CASH AT BANK AND IN HAND
Unrestricted
Restricted
Funds
Funds
£
£
Subsidiary bank account
1,221
-
Charity bank accounts
88,007
24,784
Charity cash in hand
(246)
-
88,982
24,784
CREDITORS– AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Group
2024
2023
£
£
Taxation and social security: subsidiary
5,782
3,204
Taxation and social security: charity
-
-
Sundry creditors: subsidiary
2,521
2,916
Sundry creditors: charity
4,332
4,332
Deferred grant income: subsidiary
28,702
28,702
Deferred grant income: charity
1,254
1,254
42,591
40,408		 Charity
2024
£
34,339
-
8,360
3,640
46,339
Charity
2024
£
250

2024
Total
£
1,221
112,791
(246)
113,766
Charity
2024
£
-
-
-
4,332
-
1,254
5,586		 Charity
2023
£
28,294
-
-
-
28,294
Charity
2023
£
250
2023
Total
£
15,996
130,418
(66)
146,348
Charity
2023
£
-
-
-
4,332
-
1,254
5,586
Taxation and social security: subsidiary
Taxation and social security: charity
Sundry creditors: subsidiary
Sundry creditors: charity
Deferred grant income: subsidiary
Deferred grant income: charity		 Group
2024
£

5,782
-
2,521
4,332
28,702
1,254
42,591

Page 27

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

14. ACCRUALS AND DEFERRED INCOME

Group Group Charity Charity
2024 2023 2024 2023
£ £ £ £
Café Redevelopment Grants 253,514 282,218 -

15. ANALYSIS OF CHARITY NET (LIABILITIES)/ASSETS BETWEEN UNRESTRICTED AND RESTRICTED FUNDS

Unrestricted
Funds
£
Fixed Assets
5,091
Sundry Debtors and Prepayments
46,339
Current Asset Investments
250
Cash at Bank and in Hand
87,761
Creditors falling due within one year
(4,332)

135,109		 Restricted
Funds
£
118,035
-
-
24,784
(1,254)
141,565		 2024
Total
£
123,126
46,339
250
112,545
(5,586)
276,674		 2023
Total
£
134,575
28,294
250
130,352
(5,886)
287,885

The unrestricted fund represents the free funds of the group which are not designated for particular purposes.

16. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Under the terms of the Memorandum of Association the liability of each member is limited to a maximum of £1.

If in the event of the winding up or dissolution of the company there remains, after the satisfaction of all its debts and liabilities, any property whatsoever this shall not be distributed to the members but shall be transferred to some other charitable institution or institutions having objects similar to the object of View (Dove) Limited and which shall prohibit the distribution of its or their income or property to an extent at least as great as is imposed on View (Dove) Limited. If effect cannot be given to this provision the transfer shall be made to some other charitable object with the consent of the Charity Commissioners for England and Wales.

17. SUBSIDIARY COMPANY

View (Dove) Limited has a trading subsidiary, Dove Workshop Limited, which operates a crèche and previously operated a community café up until cessation of trade on 1st April 2018 (as per note 27). The company limited is by guarantee without a share capital. The company is registered in England and Wales and has a registered number of 02341942. The net liabilities at 31st March 2024 were £(57,196) (2023 £(28,390). The year end of Dove Workshop Limited is 31st March 2024, the following information has been extracted from their financial statements.

Page 28

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

17. SUBSIDIARY COMPANY (Continued)

Turnover and other operating income
Administration and other direct costs
including taxation

Net Profit for year
Reserves brought forward

Reserves carried forward		 2024
2024
Continuing Discontinued
£
£
137,902
-
166,708
-
(28,806)
-		 2024
Total
£
137,902
166,708
(28,806)
(28,390)
(57,196)		 2023
Total
£
157,988
153,800
4,188
(32,578)
(28,390)

18. TRUSTEES REMUNERATION AND BENEFITS

There was no trustees’ remuneration or benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.

There were no trustees’ expenses paid for the year ended 31st March 2024 or for the year ended 31st March 2023.

Page 28

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

19. ANALYSIS OF STAFF COSTS (VIEW)





20.
 2024
£
Staff salaries
96,512
Employers National Insurance (net of
employment allowance)
2,390
Employers Pension Contributions
375
99,277
Allocated as follows:-
2024
£
Staff salaries & NI (core)
36,896
Big Lottery Fund People and Places - Cwm Ni Iach,
Cymunedau Iach
25,957
Rank Foundation – Time to Shine
-
Community Ranger
12,207
UK SP Multiply
15,635
NPTCVS cost of living
4,143
NPTCVS Caffi
4,439
99,277
No employees received emoluments in excess of £60,000.
Average group staff numbers during the year under review were as follows:-
2024
£
Average number of staff employed
13
Key Management Personnel remuneration benefits
61,043
RECONCILIATION OF CHARITY FUNDS TO GROUP FUNDS
2024
£
Total funds of Charity c/f
276,674
Total reserves of Dove Workshop Limited c/f
(57,198)
Total group funds c/f
219,476		 2023
£
104,968
2,904
609
108,481
2023
£
36,922
42,022
14,847
14,690
-
-
-
108,481
2023
£
14
58,177
2023
£
287,885
(28,390)
259,494

Page 30

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

21. RESTRICTED FUNDS

Grants have been received to enable the group to finance redevelopment of the leasehold property and purchase computer equipment. All such grants received are reflected in Restricted Funds. In accordance with the Financial Reporting Standard (FRS 102) (effective 1st January 2015), the grants are released to the SOFA at rates which match the relevant depreciation rates of those assets acquired.

In addition to the above mentioned grants there are other grants reflected in restricted funds. These funds represent grants received for specific projects due to commence in future accounting periods. Such grants have been deferred so as to comply with the requirements of the Charities SORP (FRS 102) (issued in October 2019) in that until project expenditures have been incurred and completed, entitlement to the grant receipts is not guaranteed.

During the year an emergency fund was set up to raise money for a family in Seven Sisters. The purpose of this fund was to give financial aid to the family after an explosion at their house. All monies raised were paid directly to the family.

The position at the year end was as follows:-

Summary in movement in restricted fund

Funds
b/f
£
Leasehold improvement
grants:
Welsh Government & WEFO
130,175
Other restricted fund grants:
NPTCBC CRF funding
-
Big Lottery Fund People and
Places - Cwm Ni Iach,
Cymunedau Iach
13,753
Rank Foundation – Time to Shine
-
Community Ranger
-
All Forest School
9,464
Food Poverty
270
Summer of Fun
508
Community Fund
Confident Communities
-
Tesco
500
NGED – Community Matters
614
CVS – Winter Wellbeing
-
Warm Hub
541
Discretionary cost of living
-
Co-op Garden Project
-
Playhouse Holiday Project
-
Community Foundation Wales
Core
-
NPTCVS SPF Caffi Project
-
NPTCBG Multiply Project
-
Llechi, Glo a Chefn Gwlad
-

155,825		 Funds
received
during year
£
-
40,000
12,693
15,485
-
3,208
-
17,186
-
-
1,548
6,311
1,031
5,826
5,000
28,470
21,066
-
157,824		 Funds
defrayed
during year
(see page 32)
£
(14,463)
(38,382)
(48,066)
-
(14,303)
(3,365)
(2,699)
(1,385)
-
-
(342)
(2,150)
(5,079)
-
(5,848)
-
(10,247)
(21,066)
(784)
168,179		 Transfers
between
funds
£
-
(1,618)
34,313
(12,693)
(1,182)
-
(779)
877
(17,186)
-
(272)
61
(1,232)
-
22
(5,000)
-
-
784
(3,905)		 Funds
c/f
£
115,712
-
-
-
-
6,099
-
-
-
500
-
-
-
1,031
-
-
18,223
-
-
141,565

Page 31

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

Expenditure defrayed during the year:-

Leasehold improvement
grants:
Welsh Government & WEFO`
Other restricted fund
grants:
NPTCBC CRF funding
Big Lottery Fund People and
Places - Cwm Ni Iach,
Cymunedau Iach
Community Ranger
All Forest school
Discretionary Cost of Living
Playworks Holiday Project
NPTCVS SPF Caffi Project
NPTCBC Multiply Project
Food Poverty
CVS Winter Wellbeing
Warm Hub
Summer of Fun
NGED – Community Matters
Llechi, Glo a Chefn Gwlad
 Total
£
14,463
38,382
48,066
14,303
3,365
5,079
5,848
10,247
21,066
2,699
2,150
1,385
342
784
168,179		 Depreciation
£
14,463
-
-
-
-
-
-
-
-
-
-
-
-
-
14,463		 Wages
£
-
36,896
25,957
12,207
-
4,143
-
4,439
15,635
-
-
-
-
-
99,277		 Direct
costs
£
-
1,486
-
2,096
3,365
936
5,848
-
5,431
2,699
2,150
1,385
342
784
26,522		 Overheads
recharged
£
-
-
22,109
-
-
-
-
5,808
-
-
-
-
-
-
27,917

Leasehold property funds are written off over the term of the lease and corresponding depreciation on the leasehold asset is also charged to the SOFA. Depreciation charged on the leasehold property amounted to £14,463 and is charged to the SOFA to match the unwinding of the restricted revenue reserve.

Page 32

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

22. RELATED PARTY TRANSACTIONS

The following transactions occurred during the period under review between View (Dove) Limited and Dove Workshop Limited:-

Dove Workshop Limited has paid an amount to View (Dove) Limited in the year for a contribution to overheads amounting to £3,000 (2023 £Nil).

The balance owed by Dove Workshop Limited to View (Dove) Limited at 31st March 2024 was £34,339 (2023: £28,294).

Dove Workshop Limited is related to View (Dove) Limited by virtue of control by common management.

23. TAXATION

The company is a registered charity and no provision is considered necessary for taxation as the charity is exempt from corporation taxes under the Corporation Tax Act 2010. The trading subsidiary has made no taxable profits during the year under review.

24. RECONCILIATION OF VIEW INCOME AND EXPENDITURE TO GROUP SOFA

(Deficit)/surplus in year per View
Net (loss)/ profit made by Dove Workshop Ltd

Group (deficit)/surplus per SOFA		 Note
17		 2024
£
(11,212)
(28,806)
(40,018)		 2023
£
(2,558)
4,188
1,630

25. PENSIONS AND OTHER POST RETIREMENT BENEFITS

The charity operates a defined contributions pension plan for its employees. The amount recognised as an expense in the year was £375 (2023 £609).

The liability at the year end amounted to £Nil (2023 £Nil).

Page 33

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

26. OPERATING LEASE COMMITMENTS (VIEW)

Minimum lease payments under non-cancellable operating leases fall due as follows:-

Within one year
Between one and five years
After five years

Operating lease expenses included in the SOFA:-
Land and buildings		 Charity
2024
£
3,064
11,428
8,850
23,342
2,650		 Charity
2023
£
3,064
11,842
11,500
26,406
2,650

27. GOING CONCERN

The café which was operated by the subsidiary company, Dove Workshop Limited, ceased to trade on 1st April 2018. The café was subsequently rented out to a third party, the Meat and Greet Company who took over the running of the café from 2nd April 2018. Whilst the building remains under the control of Dove Workshop Limited, the Meat and Greet Company pay a monthly rental to Dove Workshop Limited to cover the cost of the overheads relating to the café.

View (Dove) Limited has generated a group loss of £40,018 from core activities during the year under review and has a deficit on its unrestricted income funds of £25,758 at 31st March 2024.

The management has implemented various strategies to endeavour to ensure the continued operational existence of the group as detailed under the Going Concern heading in the Report of the Trustees.

28 . CONTROL RELATIONSHIPS

The charity is controlled by the directors and trustees as noted on page 1.

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