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DECV LIMITED
Acompany limited by guarantee
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4 FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 31ST MARCH 2021
Registered Number 4210227
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DECV LIMITED
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A company limited by guarantee
FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2021
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Contents
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Legal and adminstrative details
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The directors’ report
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Auditors’ Report
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Statement of financial activities
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Balance Sheet
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Notes to the financial statements
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Page
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DECV LIMITED “hay
A company limited by guarantee
LEGAL AND ADMINISTRATIVE DETAILS
YEAR ENDED 31ST MARCH 2021
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Status:
Registered Office:
Chair:
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Status: Charity established as a company limited by guarantee
Incorporated ini England on 2nd May 2001 number 4210227.
Registered Charity Number 1090187
Registered Office: Thurnscoe Lifelong Learning Centre .
Shepherd Lane
Thumscoe
Rotherham
$63 0SJ
Chair: Mr J Kempson
Other Directors: Mrs J Elfor
Mr B Walker
Mr N Middiehurst
Mr T Slack
Mr R Wilkinson
Mr J Kempson
Secretary: Mrs J Ellor
Bankers: HSBC Bank pic
Accountants: J. Garfitt & Co Limited
8 High Street ‘
Goldthorpe
; Rotherham
$63 SLR
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DECV LIMITED Acompany limited by guarantee DIRECTORS’ ANNUAL REPORT YEAR ENDED 31ST MARCH 2021
The directors present their report and the financial statements of the company for the year ended 31st March 2021 The format of the accounts complies with the recommendations of the Statement of Recommended Practice: The Charities SORP (FRS102).
PHILOSOPHY AND AIMS OF THE CHARITY The Philosophy and aims of the DECV Limited are as follows :- To advance education by: Allowing those people who would not otherwise access computer technology, the opportunity to have public access to IT equipment, which will give them access to information, internet and e-mail facilities.
Allowing people the freedom to lear in an environment to benefit from new technology using IT and ICT, ensuring that a greater number of local residents have the opportunity to learn an important key skill. Providing a facility and expertise that the public can utilise to obtain IT support which would enable them to fully take advantage of new media technology as it develops in the future enhancing their skills further.
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|CORPORATE|GOVERNANCE|
|DECV Limited|is|a company|limited|by guarantee and|a|registered|charity.|Its governing|instrument|is the|
|Memorandum|and|Articles|of Association.|
|The governing|body|is a board|of directors whose members|are|elected|by the Members|of the Association.|
|As|at 31st March|2021|the board|comprised|6|members.|The board|meets|as|and|when|necessary,|but|a|minimum|
|of four times|per year.|
|New|trustees|undergo an|orientation|to|brief them|on|their|legal|obligations|under charity and company|law,|the|
|content|of the Memorandum|and|Articles|of Association,|the committee and|decision|making|processes,|the|current|
|budget and recent financial performance|of the charity.|Most trustees are already familiar with|the|practical|work|
|of the|charity|but are|introduced|to the employees and|other directors.|
|RESERVES|POLICY|
|It|is the|policy of the|charity|to maintain|unrestricted|funds|at a|level which|equates|to approximately|four months|
|unrestricted|expenditure.|
|INVESTMENT POLICY|
|The|charity works with|its|bankers,|the HSBC|Bank|plc,|to achieve|the|best rate of return|on|its|reserve funds.|This|is|
|reviewed on a|regular|basis to ensure that the|charity|is achieving|best value|for money.|
|RISK MANAGEMENT|
|The directors|have examined|the|major|strategic,|business and|operational|risks|which|the|charity faces and|confirm|
|that systems|have been|established|to|enable|regular reports|to|be produced|so|that|necessary|steps|can|be taken|to|
|lessen|these|risks.|
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PUBLIC BENEFIT REPORTING The trustees consider they have complied with the duty in section 4 of the Charities Act 2006 having due regard to the public benefit guidance published by the Charities Commission. ; :
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DECV LIMITED :
Acompany limited by guarantee
. Accountants’ report to the shareholders on the unaudited financial statements of
DECV Limited
In order to assist you to fulfil your duties under the companies act of 2006 we have prepared for your approval
the financial Statements of DECV Limited for the year ended 31st March 2021
RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND REPORTING ACCOUNTANT
As described on page 7, the company's directors are responsible for the preparation of the accounts and they
consider that the company is exempt-from an audit. It is our responsibility to carry out procedures designed to
enable us to report our opinion.
BASISOF OPINION
Our work was conducted in accordance with the Statement of Standards for Reporting Accountants and so our
procedures consisted of comparing the accounts with the accounting records kept by the company and making
such limited enquiries of the officers of the company as we considered necessary for the purposes of this report.
These procedures provide only the assurance expressed in our opinion.
OPINION
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in our opinion :-
a) the financial statements are in agreement with the accounting records kept by the company under the
Companies Act of 2006.
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b) having regard only to, and on the basis of, the information contained in those accounting records.
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L the financial statements have been drawn up in a manner consistent with the accounting
requirements specified in the Act and;
ii. the company satisfied the conditions for exemption from an audit and of the financial statements for the
year, specified in the Act as modified by and did not, at any time, within that
year fall within any of the categories of companies not entitled to the exemption.
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J. Garfitt & Co Limited
8 High Street
Goldthorpe
$63 OLR
es Aevey woL 2021
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DECV LIMITED
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A company limited by guarantee
OF FINANCIAL
YEAR ENDED 31ST MARCH 2021
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STATEMENT OF FINANCIAL ACTIVITIES
2020
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IOTAL
INCOME
RICTED FUNDS
50407 Grant Income 46058
UNRESTRICTED FUNDS
INCOME FROM OPERATING ACTIVITIES
0 GMB 1550
1260 Big Local & Donations 625
1056 Room Hire etc Q 2175
2316
OTHER INCOME
9974 Wind Farm 0
Q CHAS 0 0
62697 48233
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| : | DECV LIMITED | |||||
| Acompanylimitedbyguarantee | ||||||
| : : STATEMENTOF FINANCIALACTIVITIES |
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| - | : | YEARENDED 31STMARCH 2021 | ||||
| COST OF ACTIVITIES |
||||||
| RESTRICTED FUNDS | ||||||
| 44216 | TutorFees | 39380 | ||||
| 1860 | Room Hire | 1860 | ||||
| 958 | Rates | 973 | ||||
| 392 | OCR Folders | 1650 | ||||
| 590 | OCRAnnual Centrefee | 620 | ||||
| 758 | OCR | 0 | ||||
| 1214 | Insurance | 0 | ||||
| 540 | Accountancy | 550 | ||||
| 457 | Consumables | 589 | 45622 | |||
| 50985 | ||||||
| UNRESTRICTED | FUNDS | - | ||||
| 468 | GeneraliAdministration | 323 | ||||
| 1860 | Rent/Rates | 1860 | ||||
| 30 | WebHost | 0 | ||||
| 0 | Insurance | 1192 | ||||
| -75 | Refund | 0 | ||||
| 115 | PATTesting | 0 | ||||
| 50 | Repairs, RenewalsandConsumables | 1,609 | ||||
| 74 | SundryExpenses | 13 | 4,997 | |||
| 2522 | ||||||
| 53507 | TOTALEXPENDITURE | 50619 | ||||
| 62697 | TOTALINCOME | ‘ | 48233 | |||
| 53507 | TOTALEXPENDITURE | 50619 | ||||
| 9190 | , | +2386 |
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DECV LIMITED
Acompany limited by guarantee
BALANCE SHEET aan
AS AT 31ST MARCH 2021
2021 2020
FIXED ASSETS 0 0 °
CURRENT ASSETS
Cash at Bank and in hand 33573 35888
33573 35888
Creditors ' 2278 31295 2207 33684
31295 33684
Represented by :-
Restricted Funds 32654 32218
Unrestricted Funds 1359 31295 1463 33681
For the year ending 31st March 2021 the company was entitled to exemption from audit under section 477 of the
companies act 2006.
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The members have not required the company to obtain an audit of its accounts for the year in question, in accordance with section 476 of the companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting and for the preparation of the accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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The financial statements were approved by the board and signed on their behalf by Mr B Walker
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SIGNED ON BEHALF OF THE
BOARDOF DIRECTORS ;
B Walker
Approved by the Board (& Ww 6: 2021
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°
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DECV LIMITED
Acompany limited by guarantee 4
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, ; NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2021
1. ACCOUNTING POLICIES
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a) Basis of accounting
:
The financial statements have been prepared in accordance with applicable accounting standards and the historical cost accounting rules and in accordance with the statement of recommended practice for charities.
b) Income Grant income, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the period in which they are received.
c) Charitable funds
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.
. Unrestricted funds are donations and other income received or generated for the objects of the Charity without further specified purpose and are available as general funds.
d) Depreciation
Depreciation is calculated to write off the cost of an asset less the estimated residual value of each asset over its expected useful life as follows :-
Computer Equipment 50% on cost Fixtures, Fittings and other equipment 20% on cost
e) Cash flow statement
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a Cash Flow Statement on the grounds that it is a small company.
f) Going Concern At the time of approving the financial statements, the trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the forseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. ;
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DECV LIMITED “hye
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Acompany limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31ST MARCH 2021
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2 STAFF COSTS AND NUMBERS
Staff costs during the year were as follows:-
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2021 2020
£ £
Salaries and wages 0 0
Social security costs & PAYE Q 9
Q Q
The average number of employees during the year was as follows:-
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|No|No|
|Management and|administration|Q|Q|
|]|Q|
|None of the directors|received|any remuneration|or|benefits.|
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3 TAXATION
There is no corporation tax payable. The company is a registered charity under reference no 1090187.
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| DECV LIMITED | o | |||
|---|---|---|---|---|
| Acompanylimitedbyguarantee | ~.. | |||
| YEAR ENDED 31STMARCH 2021 | ||||
| 4. TangibleAssets | ||||
| Ex & Fit |
Computers | Total | ||
| Cost | ||||
| asat1stApril2020 | 24335 | 108905 | 133240 | |
| Added | 9 24335 |
Q 108905 |
Q 133240 |
|
| Depreciation | ||||
| asat1stApril2020 | ; | 24335 | 108905 | 133240 |
| Charges fortheyear | Q | Q | Q | |
| Q | Q | Q | ||
| NetBookValue | ||||
| asat31stMarch 2021 | 0 | 0 | 0 | |
| 5. Debtors | 2021 | 2020 | ||
| TradeDebtors | 0 | 0 | ||
| OtherDebtors | Q | Q | ||
| Q | Q | |||
| 6. Creditors duewithinoneyear | ||||
| Trade Creditors | 0 | 0 | ||
| IncomeTax& Social Security | 0 | 0 | ||
| Accrued Expenses | 550 | 540 | ||
| OtherCreditors | 1728 | 1667 | ||
| 2278 | 2207 | |||
| 7. Called upShare Capital | ||||
| Thecapitalislimitedbyguaranteeanddoesnothaveasharecapital |
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DECV Ltd Acompany limited by guarantee DIRECTORS’ ANNUAL REPORT YEAR ENDED 31ST MARCH 2021
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REVIEW OF THE DEVELOPMENT AND ACHIEVEMENT OF THE CHARITY IN THE YEAR
Funding
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Dearne Area Council Fund
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2020 saw the second year of our three-year contract with D.A.C. commence which enable DECV to continue the work of providing employability and ICT skills for the unemployed in our area.
The 2nd year commenced in April 2020 at the beginning of the Pandemic lockdown, with the agreement of D.A.C. the tutor was able to organise a system of working remotely with leamers.
During this period 38 students attented the remote leaming sessions, all 38 gained OCR accreditation certificates and 12 individuals gained full time employment.
Coalfields Regeneration Trust (CRT)
Funding was provided by CRT learning and employability skills. Sessions started in November 2020 when the national lockdown was eased, and were completed by April 2021. By the end of this period 28 students had completed the course and received OCR accreditation, 6 students moved into employment.
Awards for All. (A for A)
Funding was provided by Awards for All for leaming and emplpyability skills. Sessions started in November 2020 and were completed by May 2021. At the end of this period 28 students completed the course and received OCR accreditation in IT and Life & Living Skills.
South Yorkshire Community Foundation (SYCF)
SYCF enabled funding, provided by The Wind Farm project, was used to enable ICT and employability skills training for 25 leamers. This commenced in January 2020 but had to be suspended in March 2020 asa result of restrictions enforced by the Coronavirus epidemic. The training re-started in August 2020 and was completed in October 2020.
BRELMS Trust
BRELMS trust supplied funding to provide [CT and Employability skills 1 day a week from April to July this enabled 8 students to gain OCR Qualifications.
Summary ofAchievements
The year 2020-2021 has been another success despite the lockdown and the pandemic, generous funding allocated to DECV, enabled us to provide learning opportunities to 127 students, of these 102 have gained OCR qualifications and 18 have gained full time employment.
All students are offered assistance/guidance to prepare a personal CV where required.
Flexibility from funders also allowed our tutor to develop a remote learning system, which has proved successful
:
The Universal Credit system has now been in place for a number of years, but the number of claimants requiring ICT assistance has not diminished. The ICT qualification and employability sessions are a good way of giving these individuals a confidence and motivation boost which hopefully will help them in the employment market.
Janet Ellor
Secretary
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Rl Bla
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