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← View ( Dove ) Ltd

2025-03-31-accounts

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Chartered
Accountants
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VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED : 31ST MARCH 2025

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 2025

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

CONTENTS
Page
Report of the Trustees 1 - 17
Independent Examiner’s Report 18
Statement of Financial Activities
(including summary income and expenditure account) 19
Balance Sheet 20 & 21
Notes to the Financial Statements 22 - 35

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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 2025 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 H K Winston (resigned 20 September 2024)
Mr J Evans
Mr G M D Cawsey
Mrs S F Webber
Mr A R Jones (resigned 20 September 2024)
Mrs L Smith
Mrs M G Francis
Mrs C S Jones (appointed 20 September 2024)
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 2025

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 Caroline Jones (Appointed 27 August 2024) Katrina Winston (Resigned 27 August 2024) Sian Williams Tony Maddocks Andrew Jones (Resigned 27 August 2024) 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 2025

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 (2024: 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 2025

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 4

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

Chairperson’s Address

It is my honour and privilege to introduce the VIEW (DOVE) Ltd Annual Report for 2024/2025.

This past year has once again been one of uncertainty and change. Compounding the impact of previous challenges such as Covid-19, lockdowns, and war in Europe has been stubbornly high inflation, an everpresent cost-of-living crisis and a General Election (the timing of which, no one quite expected).

Despite these uncertainties (or maybe because of them), the need for local services and support remains as high as ever. And just like the cost-of-living crisis, Dove Workshop also remains ever-present. Leading our community, reassuring people worried about the future and providing help whenever it is needed. I pay huge tribute to our committed and hardworking staff team who do a wonderful job, day in and day out. On behalf of our organisation and our community, thank you for all that you do. In the face of uncertainty and adversity, Dove Workshop provides continuity and endurance – always there, always delivering, always championing the cause for those who often go unheard and unseen.

It is heartening to see all the brilliant work taking place at Dove, and the continuation of adult community education during times where such opportunities are increasingly rare. In fact, we are in an enviable position where we can say we have increased the provision and indeed increased participation, with over 230 people accessing courses and personal development opportunities.

In addition, we have seen many people go on to take up volunteering or paid employment, as well as further education. All of this is supported by our staff and brilliant Dovecote Day Nursery, who now have 44 registered children and employ a team of six.

As much as we would like to see the need disappear, it has been great to see the Warm Hub continue, as well as the projects funded by 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 meant sustaining the brilliant Caffi Cymunedol with the help of our wonderful volunteers. On that note, it would be remiss of me not to mention our 33 volunteers who help out in projects big and small.

One of those big projects is the ever popular Winter Wonderland Walk, with over 300 people attending this year, as well as the Christmas Craft Fair and nature activities funded by WWF Cymru. Our team has also delivered a number of family engagement activities, including free packed lunches during school holidays, and outdoor arts and crafts.

We fully recognise the importance of partnership working and thank our partners for all the support provided (both financial and in-kind), and of course our team for building, strengthening and maintaining these partnerships.

As always, my sincere thanks go to all our staff, supporters and trustees who help Dove Workshop continue to be an anchor for our community, stand up for those who need our help the most, and make a real difference to people’s lives.

Page 5

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

Managers Note

It gives me great pleasure to present this year’s report on behalf of DOVE Workshop. As we gather for our Annual General Meeting, I am filled with both pride and gratitude, a pride in what we have achieved together over the past year, and gratitude for every member of our community who has helped make those achievements possible.

This year has reminded us once again that the strength of DOVE lies not in our walls or projects alone, but in the people who bring them to life. Our dedicated staff have worked tirelessly to deliver high-quality learning, wellbeing and support opportunities, often going above and beyond to ensure that everyone who comes through our doors feels valued and welcomed. Their professionalism, creativity and compassion continue to be at the heart of everything we do. I offer a huge amount of personal gratitude to my colleagues at DOVE Workshop; their support continues to be immeasurable to me.

To our trustees, thank you for your steadfast guidance, your wisdom, and your ongoing belief in DOVE Workshop. You have continued to steer the organisation with care and integrity, ensuring that we remain true to our values while looking ahead to future opportunities. Your time, experience and governance make a real difference.

Finally, our volunteers. You embody the spirit of DOVE. From helping in our café, to supporting events, learners and community members, your generosity of time and heart enriches our work in countless ways. You remind us daily that community is built through shared effort and kindness.

Over the past year, we have seen many successes: new courses launched, more learners supported to further their learning and / or find employment, and stronger partnerships forged with local organisations allowing us to enhance the work we do.

We have hosted a range of events that brought people together to learn and share, reinforcing DOVE’s place as a hub of community life in Banwen and the wider Dulais Valley.

However, we are also aware that the year ahead will bring new challenges. Funding pressures, inequalities, and the continuing cost-of-living crisis all affected the communities we serve. Yet, as our history has shown, DOVE has never been defined by the obstacles, but by how we respond to them.

Together, we will continue to adapt, to listen, and to deliver opportunities that empower people and strengthen our community.

To everyone who has been part of DOVE’s story this year, learners, partners, staff, volunteers and trustees - thank you. You have all contributed to another chapter of positive change.

With sincere thanks,

Lianne Byrne Manager

Page 6

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

Key Achievements 2024/2025

Page 7

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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 2025

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 2025

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 the learning opportunities available here at DOVE, with the organisation having now fully returned to pre-pandemic levels for adult learning. This has been a tremendous effort to achieve and is testament to the strong relationships the organisation has with its learning partners.

In the 2024 – 2025 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 2025

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.

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.

As discussed in our previous annual report, at DOVE we utilised the grant to develop and deliver a volunteer-led project centred around the establishment of a community café, Caffi Cymunedol. The project has recruited and trained volunteers, improved skills and employment prospects, whilst developing a facility that benefits the wider local community.

In this reporting period we:

- Cooking on a Budget UKSPF Multiply

Multiply is £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 complement 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:

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:

Page 11

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

Warm Hubs

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 Warm Hub Grant and Food Poverty Grant.

Through funding we were able to able to achieve:

Food Poverty Grant

Warm Hub Grant

In all instances:

Community Events

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

Events organised:

Page 12

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

Family Engagement Activities

In this reporting period we have sought to increase engagement with families and community members. We have worked closely with Maesmarchog primary School, Family Engagement Officers, Llangatwg Community School and local with families 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:

Volunteers

Volunteers remain an essential component of the organisation’s ongoing success and community impact. Throughout the reporting year, our volunteers have contributed their time, skills, and commitment across a wide range of activities, including program delivery, event coordination, and digital inclusion.

The organisation benefited from the support of dedicated volunteers, whose collective efforts have significantly enhanced our capacity to meet community needs and deliver our services effectively.

Page 13

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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.

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.

Page 14

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

FINANCIAL REVIEW

The financial result for the year to 31st March 2025 saw a net decrease in group funds totalling £32,037 compared to a £40,018 decrease in 2024.

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 £51,718 to fund core salary and overhead costs as shown in note 6. Additional grants were received from various sources totalling £116,304 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 £170,166, 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 £19,412 to £58,499 of which the subsidiary company comprises a reserve of £(71,812) and the charity representing a reserve of £130,311; the decrease in the reserves is mainly due to the loss from the 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 £14,943 to £98,823. The cash balances available to the charity were £97,329 but of these cash balances, an amount of £69,638 related to unrestricted funds – the balance of £27,691 were restricted grants. The unrestricted cash available to the charity decreased by £15,216 largely as a result of the net movement in unrestricted funds of £(19,412).

The net current assets of the charity have worsened from the previous period, amounting to £143,184 (2024 £153,548) largely as a result of a deficit on the unrestricted reserves.

Page 15

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

GOING CONCERN

As stated in the Financial Review, View (Dove) Limited has generated a group loss of £(19,412) from core activities during the year under review and has a surplus on its unrestricted income funds of £58,499 at 31 March 2025.

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 year on year business plan 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 2025 there were group unrestricted cash and overdrawn bank balances of over £98,000.

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 16

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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: 25 November 2025

Page 17

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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 2025 which are set out on pages 19 to 35.

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: 25 November 2025

Page 18

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

VIEW (DOVE) LIMITED GROUP

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING

SUMMARY INCOME AND EXPENDITURE ACCOUNT

Unrestricted
Funds
Notes
£
INCOME
Donations
2
Charitable activities
Core Funding grant
3
-
Grants for specific projects and services
4
-
Primary purpose trading
5
42,554
Other trading activities
Commercial trading operations
17
135,752
Investment Income
Bank interest
1,141

TOTAL INCOME
179,447

EXPENDITURE
Raising funds
Commercial Trading Operations
17
150,368
Charitable Activities
6
58,972

TOAL EXPENDITURE
209,340

NET INCOME/(EXPENDITURE) BEFORE TRANSFERS
(29,893)
Transfers between funds
21
10,481

Net movement in funds
(19,412)

Fund balances brought forward at 01/04/2024
77,911
FUND BALANCES CARRIED FORWARD
31/03/2025
58,499		 Unrestricted
Funds
Notes
£
INCOME
Donations
2
Charitable activities
Core Funding grant
3
-
Grants for specific projects and services
4
-
Primary purpose trading
5
42,554
Other trading activities
Commercial trading operations
17
135,752
Investment Income
Bank interest
1,141

TOTAL INCOME
179,447

EXPENDITURE
Raising funds
Commercial Trading Operations
17
150,368
Charitable Activities
6
58,972

TOAL EXPENDITURE
209,340

NET INCOME/(EXPENDITURE) BEFORE TRANSFERS
(29,893)
Transfers between funds
21
10,481

Net movement in funds
(19,412)

Fund balances brought forward at 01/04/2024
77,911
FUND BALANCES CARRIED FORWARD
31/03/2025
58,499		 Restricted
Funds
£

51,718
116,304
-
-
-
168,022
-
170,166
170,166
(2,144)
(10,481)
(12,625)
141,565

128,940		 Total
2025
£
51,718
116,304
42,554
135,752
1,141
347,469
150,368
229,138
379,506
(32,037)
-
(32,037)
219,476

187,439		 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

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 19

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

VIEW (DOVE) LIMITED AND VIEW (DOVE) LIMITED GROUP

CONSOLIDATED BALANCE SHEET AS AT 31ST MARCH 2025

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
 Note
9
10
11
12
13
14
15
21		 Group
2025
£
355,885
13,100
250
98,823
112,173
(45,954)
66,219
422,104
(234,665)
187,439
58,499
128,940
187,439		 Group
2024
£
382,248
19,319
250
113,766
133,335
(42,591)
90,744
472,992
(253,516)
219,476
77,911
141,565
219,476		 Charity
2025
£
116,068
51,191
250
97,329
148,770
(5,586)
143,184
259,252
-
259,252
130,312
128,940
259,252		 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

Page 20

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

For the year ended 31 March 2025 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 19 to 35 were approved and authorised for issue by the trustees on 25 November 2025 and signed on their behalf by:-

…………………………………………….

Mr Dean Cawsey (Chair)

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

Page 21

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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.

Page 22

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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 23

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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 24

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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
£
NPT HCTE Winter Walk Grant
-
Rank Foundation - Time to Shine
-
Community Ranger
-
NPTCBC - Warm Space
-
NPTCBC - Food Poverty
-
Winter Wellbeing
-
WWF Fund Community Grant
-
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
-
Onllwyn Community Windfarm Grant
Waterloo Foundation
-
Tai Tarian & Swansea City
Packed Lunches
-
-		 Restricted
Funds
£
-
-
-

Restricted
Funds
£
51,718
51,718

Restricted
Funds
£
9,421
-
-
2,285
5,017
4,190
654
22,879
33,337
-
-
-
-
2,607
-
10,938
24,476
500
116,304

Page 25

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 5. PRIMARY PURPOSE TRADING - INCOME


6.		 Unrestricted
Funds
£
Roof Repair Costs Reimbursed
-
Room Hire, Activities & Course Fees
19,593
Management Fees
15,185
Employment Allowance
Caffi Takings
7,776
42,554
CHARITABLE ACTIVITIES
Unrestricted
Funds
Note
£
Salaries & wages (core)
21
-
Printing, postage, stationery
& adverts
1,079
Telephone and internet
6,578
Depreciation
21
3,924
Repairs and renewals
5,776
Water rates
2,434
Light and heat
22,710
Sundries
6,628
Insurance
4,514
Membership Fees & subscriptions
398
Bank charges
131
Independent Examination fee
4,800
Big Lottery Fund People and
Places - Cwm Ni Iach,
Cymunedau Iach
21
-
Llechi, Glo a Chefn Gwlad
21
-
Big Lottery – Awards for All
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
-
NPTCBC Playworks Holiday Project
-
NPTCBC Multiply Project
-
NPTCVS SPF Caffi Project
-
NPTCVS Cost of Living
-
NPT Winter Walk Grant
-
WNF Fund
-
Onllwyn Community Windfarm Grant
-
Tai Tarian & Swansea City Packed Lunches
-
58,972		 Restricted
Funds
£
-
-
-
-
-
Restricted
Funds
£
51,741
-
-
14,463
-
-
-
-
-
-
-
-
-
-
-
-
2,168
5,250
3,000
-
-
-
2,290
27,086
41,887
-
10,094
747
10,938
502
170,166		 Total
2025
£
-
19,593
15,185
7,776
42,554
Total
2025
£
51,741
1,079
6,578
18,387
5,776
2,434
22,710
6,628
4,514
398
131
4,800
-
-
-
-
2,168
5,250
3,000
-
-
-
2,290
27,086
41,887
-
10,094
747
10,938
502
229,138		 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

Page 26

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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		 2025 2024
£
£		 £ £
Bank charges 131 - 131 116
Independent examination fee 4,800 - 4,800 4,620
Salaries & Employer’s NIC -
3,732		 3,732 3,052
4,931
3,732		 8,663 7,788

9.		 GROUP TANGIBLE FIXED ASSETS
Equipment,
Fixtures, Fittings & Leasehold
Motor Vehicles
Improvements		 Total
£ £ £
COST
At 1st April 2024 459,044 1,063,829 1,522,873
Additions 11,330 14,421 25,751
At 31 March 2025 470,374 1,078,250 1,548,624
DEPRECIATION
At 1st April 2024 448,889 691,736 1,140,625
Disposals - - -
Charge for the year 6,668 45,446 52,114
At 31st March 2025 455,557 737,182 1,192,739
NET BOOK VALUE
At 31st March 2025 14,817 341,068 355,885
At 31st March 2024 10,155 372,093 382,248

Page 27

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

10.
`

11.
12.


13.
 DEBTORS AND PREPAYMENTS
Group
Group
2025
2024
£
£
Intercompany debtor
-
-
Sundry debtors: subsidiary
10,288
7,319
Grants receivable : charity
-
8,360
Sundry debtors: charity
2,812
3,640
13,100
19,319
CURRENT ASSETS INVESTMENTS
Group
Group
2025
2024
£
£
Unlisted investments
250
250
GROUP CASH AT BANK AND IN HAND
Unrestricted
Restricted
Funds
Funds
£
£
Subsidiary bank account
1,493
-
Charity bank accounts
69,685
27,691
Charity cash in hand
(46)
-
71,132
27,691
CREDITORS– AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Group
2025
2024
£
£
Taxation and social security: subsidiary
5,782
5,782
Taxation and social security: charity
-
-
Sundry creditors: subsidiary
3,000
2,521
Sundry creditors: charity
4,332
4,332
Deferred grant income: subsidiary
31,586
28,702
Deferred grant income: charity
1,254
1,254
45,954
42,591		 DEBTORS AND PREPAYMENTS
Group
Group
2025
2024
£
£
Intercompany debtor
-
-
Sundry debtors: subsidiary
10,288
7,319
Grants receivable : charity
-
8,360
Sundry debtors: charity
2,812
3,640
13,100
19,319
CURRENT ASSETS INVESTMENTS
Group
Group
2025
2024
£
£
Unlisted investments
250
250
GROUP CASH AT BANK AND IN HAND
Unrestricted
Restricted
Funds
Funds
£
£
Subsidiary bank account
1,493
-
Charity bank accounts
69,685
27,691
Charity cash in hand
(46)
-
71,132
27,691
CREDITORS– AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Group
2025
2024
£
£
Taxation and social security: subsidiary
5,782
5,782
Taxation and social security: charity
-
-
Sundry creditors: subsidiary
3,000
2,521
Sundry creditors: charity
4,332
4,332
Deferred grant income: subsidiary
31,586
28,702
Deferred grant income: charity
1,254
1,254
45,954
42,591		 Charity
2025
£
48,379
-
-
2,812
51,191
Charity
2025
£
250

2025
Total
£
1,493
97,376
(46)
98,823
Charity
2025
£
-
-
-
4,332
-
1,254
5,586		 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
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
2025
£
5,782
-
3,000
4,332
31,586
1,254
45,954

Page 28

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

14. ACCRUALS AND DEFERRED INCOME

ACCRUALS AND DEFERRED INCOME

Café Redevelopment Grants
Class Room Grant		 Group
2025
£
224,814
9,851
234,665		 Group
2024
£
253,514
-
253,514		 Charity
2025
£
-
-
-		 Charity
2024
£
-
-
-

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

Unrestricted
Funds
£
Fixed Assets
13,565
Sundry Debtors and Prepayments
51,191
Current Asset Investments
250
Cash at Bank and in Hand
69,638
Creditors falling due within one year
(4,332)

130,312		 Restricted
Funds
£
102,503
-
-
27,691
(1,254)
128,940		 2025
Total
£
116,068
51,191
250
97,329
(5,586)
29,252		 2024
Total
£
123,126
46,339
250
112,545
(5,586)
276,674

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 2025 were £71,813 (2024 £(57,196). The year end of Dove Workshop Limited is 31st March 2025, the following information has been extracted from their financial statements.

Page 29

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

17. SUBSIDIARY COMPANY (Continued)

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

Net Loss for year
Reserves brought forward

Reserves carried forward		 2025
2025
Continuing Discontinued
£
£
135,752
-
150,368
-
(14,616)
-		 2025
Total
£
135,752
150,368
(14,616)
(57,196)
(71,812)		 2024
Total
£
137,902
166,708
(28,806)
(28,390)
(57,196)

18. TRUSTEES REMUNERATION AND BENEFITS

There was no trustees’ remuneration or benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

There were no trustees’ expenses paid for the year ended 31st March 2025 or for the year ended 31st March 2024.

Page 30

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

19.




20.
 ANALYSIS OF STAFF COSTS (VIEW)
2025
£
Staff salaries
91,355
Employers National Insurance (net of
employment allowance)
3,981
Employers Pension Contributions
315
95,651
Allocated as follows:-
2025
£
Staff salaries & NI (core)
53,785
Big Lottery Fund People and Places - Cwm Ni Iach,
Cymunedau Iach
-
Community Ranger
-
UK SP Multiply
18,271
NPTCVS cost of living
-
NPTCVS Caffi
21,838
Awards for All
1,757
95,651
No employees received emoluments in excess of £60,000.
Average group staff numbers during the year under review were as follows:-
2025
£
Average number of staff employed
11
Key Management Personnel remuneration benefits
74,644
RECONCILIATION OF CHARITY FUNDS TO GROUP FUNDS
2025
£
Total funds of Charity c/f
266,081
Total reserves of Dove Workshop Limited c/f
(71,813)
Total group funds c/f
194,268		 2024
£
96,512
2,390
375
99,277
2024
£
36,896
25,957
12,207
15,635
4,143
4,439
-
99,277
2024
£
13
61,043
2024
£
276,674
(57,198)
219,476

Page 31

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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

Leasehold improvement
grants:
Welsh Government & WEFO
Other restricted fund grants:
NPTCBC CRF funding
All Forest School
Food Poverty
Tesco
CVS – Winter Wellbeing
Warm Hub
Co-op Garden Project
Playhouse Holiday Project
NPTCVS SPF Caffi Project
NPTCBG Multiply Project
Onllwyn Community
Windfarm Grant
Waterloo Foundation
Tai Tarian & Swansea City
Packed Lunches
NPT HCTE Winter Walk Grant
WNF Fund – Community
 Funds
b/f
£
115,712

-
6,099
-
500
-
-
1,031
-
18,223
-
-
-
-

-
-
141,565		 Funds
received
during year
£
-
51,718
-
5,017
-
4,190
2,285
-
2,607
22,879
33,337
10,938
24,476
500
9,421
654
168,022		 Funds
defrayed
during year
(see page 33)
£
(14,463)
(51,741)
-
(5,250)
-
(3,000)
(2,168)
-
(2,290)
(41,887)
(27,086)
(10,938)
-
(502)
(10,094)
(747)
(170,166)		 Transfers
between
funds
£
-
23
(4,391)
233
(500)
-
(117)
(1,031)
-
785
(6,251)
-
-
2
673
93
(10,481)		 Funds
c/f
£
101,249
-
1,708
-
-
1,190
-
-
317
-
-
-
24,476
-
-
-
128,940

Page 32

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

21. RESTRICTED FUNDS – continued

Expenditure defrayed during the year:-

Leasehold improvement
grants:
Welsh Government & WEFO
Other restricted fund
grants:
NPTCBC CRF funding
Playworks Holiday Project
NPTCVS SPF Caffi Project
NPTCBC Multiply Project
Food Poverty
CVS Winter Wellbeing
Warm Hub
Onllwyn Community
Windfarm Grant
Waterloo Foundation
Tai Tarian & Swansea City
Packed Lunches
NPT HCTE Winter Walk Grant
WWF Fund – Community
Awards for All
 Total
Depreciation
£
£
14,463
14,463
51,741
-
2,290
-
41,887
-
27,086
-
5,250
-
3,000
-
2,168
-
10,938
-
-
-
502
-
10,094
-
747
-
-
-
170,166
14,463		 Wages
£
-
53,785
-
21,838
18,271
-
-
-
-
-
-
-
-
1,757
95,651		 Direct
Overheads
costs
recharged
£
£
-
-
(2,044)
-
2,290
-
20,049
-
8,815
-
5,250
-
3,000
-
2,168
-
-
10,938
-
-
-
502
-
10,094
-
747
(1,757)
-
37,771
22,281

Expenditure defrayed during the year:-

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 33

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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 (2024 £Nil).

The balance owed by Dove Workshop Limited to View (Dove) Limited at 31st March 2025 was £48,379 (2024: £34,339).

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		 2025
£
(12,421)
(14,616)
(32,037)		 2024
£
(11,212)
(28,806)
(40,018)

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 £315 (2024 £375).

The liability at the year end amounted to £Nil (2024 £Nil).

Page 34

VIEW (DOVE) LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025

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
2025
£
3,064
11,014
6,200
20,278
2,650		 Charity
2024
£
3,064
11,428
8,850
23,342
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 £32,037 from core activities during the year under review and has a deficit on its unrestricted income funds of £19,412 at 31st March 2025.

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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