DECV LIMITED
Accompany limited by guarantee
,
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
.
Registered Number 4210227
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DECV LIMITED
A company limited by guarantee
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FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2024
Contents
Legal and adminstrative details
The directors’ report
Auditors' Report
Statement of financial activities
Balance Sheet
Notes to the financial statements
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Page
1 2,3 4 5,6 7 8,9,10,11,12
a
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| DECV LIMITED | |||
|---|---|---|---|
| A company limited byguarantee | |||
| LEGALAND ADMINISTRATIVE DETAILS | |||
| YEAR ENDED 31STMARCH 2024 | |||
| Status: | Charityestablished as acompany limited byguarantee | ||
| incorporated in England on 2nd May 2001 number4210227. , |
4210227. | ||
| Registered Charity Number 1090187 | |||
| Registered Office: | Thurnscoe Lifelong Learning Centre | ||
| Shepherd Lane | |||
| Thurnscoe | |||
| Rotherham | |||
| $63 OSJ | |||
| Chair: | MrJ Kempson | ||
| Other Directors: | Mrs J Ellor | ||
| Mr B Walker | |||
| Mr N Middlehurst | |||
| MrT Slack | |||
| MrR Wilkinson | |||
| Mr J Kempson |
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| Secretary: | Mrs J Ellor | ||
| Bankers: | HSBC Bank pic | ||
| Accountants: | J. Garfitt &Co Limited |
||
| 8 High Street | ‘ | ||
| : | Goldthorpe | ; | |
| Rotherham | |||
| $639LR |
s
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DECV LIMITED
Acompany limited by guarantee DIRECTORS’ ANNUAL REPORT YEAR ENDED 31ST MARCH 2024
The directors present their report and the financial statements of the company for the year ended 31st March 2024 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 learn 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.
CORPORATE GOVERNANCE
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|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|2024|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.|
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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.
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 .
Accompany 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 2024
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. : :
BASIS OF 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
In our opinion :-
a) _ the financial statements are in agreement with the accounting records kept by the company under the
Companies Act of 2006.
b) having regard only to, and on the basis of, the information contained in those accounting records.
i. 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.
J. Garfitt & Co Limited
8 High Street
Goldthorpe .
$63 9LR
L ) foesi> [ 2024
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DECV LIMITED
Acompany limited by guarantee
STATEMENT OF FINANCIAL ACTIVITIES :
YEAR ENDED 31ST MARCH 2024
2023 TOTAL
INCOME
INCOMING RESTRICTED FUNDS
43624 Grant Income 60997
UNRESTRICTED FUNDS
INCOME FROM OPERATING ACTIVITIES
0 GMB 0
625 Big Local & Donations 833
1500 * Harry Bottom Trust 0
0 Freshgate Trust 2000 2833
2125
OTHER INCOME
662.72 Family History Group 0
0 CHAS Q 0)
46411.72 63830
a
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Ss
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| DECV LIMITED | ||||||||
|---|---|---|---|---|---|---|---|---|
| Acompany limited byguarantee | ||||||||
| STATEMENT | OF FINANCIAL ACTIVITIES | |||||||
| YEARENDED 31STMARCH 2024 | ||||||||
| 2023 | 2024 | |||||||
| COST OF ACTIVITIES |
||||||||
| RESTRICTED | FUNDS | |||||||
| 54100 | Tutor Fees | 44592 | ||||||
| 0 | Room Hire | 7440 | ||||||
| 0 | Rates | 714 | ||||||
| 440 | Training | 990 | ||||||
| 0 | OCR Annual Centre fee | |||||||
| 112.96 | Stationery | 36.36 | ||||||
| 60 | Bank Charges | 60 | ||||||
| 0 | Accountancy | |||||||
| i¢) | Consumables | 53832 | ||||||
| 54712.96 | ||||||||
| UNRESTRICTED FUNDS | ||||||||
| 302 | General Administration | 296 | ||||||
| 972.8 | Rent/ Rates | 308.8 | ||||||
| 36 | Web Host | |||||||
| 1504 | Insurance | : | : | 1565 | ||||
| 550 | Accountancy | 560 | ||||||
| 81 | PAT Testing | 44 | ||||||
| , | ¢) | Repairs, Renewals and Consumables | : | |||||
| 687 | Depreciation | 279 | ||||||
| 62 | Bank Charges | 62 | ||||||
| 35 | SundryExpenses | 35 | 3,150 | |||||
| 4,230 | Bete | ‘ | ||||||
| 58,943 | TOTALEXPENDITURE | 56982 | ||||||
| 46411.72 | TOTAL INCOME | 63830 | ||||||
| 58,943 | TOTAL EXPENDITURE | 56982 | ||||||
| - | 12,531 | 6848 |
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DECV LIMITED
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A company limited by guarantee
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sta
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BALANCE SHEET
AS AT 31ST MARCH 2024
| 2024 | : | 2023 | ||
|---|---|---|---|---|
| FIXEDASSETS | 1115 | 0 | ||
| CURRENTASSETS | ||||
| Debtors | 5 | 5 | ||
| Cash at Bank and in hand | 46129 | 39907 | ||
| 46134 | 39912 | |||
| Creditors | 2288 | 43846 | 2288 | 37624 |
| 44961 | 37624 | |||
| Represented by :- | ||||
| Restricted Funds | 49883 | 42718 | ||
| UnrestrictedFunds | -4922 | 44961 | -5094 | 37624 |
For the year ending 31st March 2023 the company was entitled to exemption from audit under section 477 of the companies act 2006.
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.
The financial statements were approved by the board and signed on their behalf by Mr B Walker
SIGNED ON BEHALF OF THE
BOARD OF DIRECTORS
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B Walker
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Approved by the Board
As es [< 2024
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“
DECV LIMITED
A company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2024
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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 concern basis of accounting in preparing the financial statements.
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DECV LIMITED
A company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31ST MARCH 2024
2 STAFF COSTS AND NUMBERS
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|Staff costs|during|the|year were|as|follows:-|
|2024|2023|
|£|£|
|Salaries|and wages|0|0|
|Social|security|costs|& PAYE|0|Q|
|0|0|
|The average|number|of employees|during|the|year was|as|follows:-|
|No|No|
|Management and administration|(0)|it)|:|;|~|:|
|0|0)|
|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 10901 87. ,
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DECV LIMITED ~
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A company limited by guarantee
YEAR ENDED 31ST MARCH 2024
4. Tangible Assets
| Fix& Fit | Computers | Total | |
|---|---|---|---|
| Cost | |||
| as at 1stApril 2023 | 24335 | 110279 | 133240 |
| Added | 0 | 1393 | 0 |
| 24335 | 111672 | 133240 | |
| Depreciation | |||
| as at 1stApril 2023 | 24335 | 110279 | 133240 |
| Charges fortheyear | 279 | 0 | |
| 24335 | 110558 | 133240 | |
| Net Book Value | |||
| as at 31st March 2024 | 0 | 1115 | 0 |
| 5. Debtors | 2024 | 2023 | |
| Trade Debtors | 0 | 0 | |
| Other Debtors | 0 | 0 | |
| 0 | 0 | ||
| 6. Creditors duewithinone year | |||
| Trade Creditors | 0 | 0 | |
| IncomeTax& Social Security | 0 | 0 | |
| Accrued Expenses | 560 | 560 | |
| Other Creditors | 1728 | 1728 | |
| 2288 | 2288 |
7. Called up Share Capital
:
The capital is limited by guarantee and does not have a share capital
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DECV Ltd
A company limited by guarantee
DIRECTORS' ANNUAL REPORT
YEAR ENDED 31ST MARCH 2024
REVIEW OF THE DEVELOPMENT AND ACHIEVEMENT OF THE CHARITY IN THE YEAR
Funding
BMBC Assisted Employment Project (Year 2 April 2023 to April 2024)
A project combining ICT Digital and Employability skills. Highfield Digital Skills (Entry level and intermediate courses, plus the beginner Learn my Way course. Sessions include Online job search, plus applications. Each learner applies for a minimum of 3 posts per week. Sessions also include CV building, cover letters, Universal Credit, PIP form advice and anything digital related. Sessions are small group and 1 to 1 (3 days per week). We also take drop ins for 1 or 2 sessions, with many needing a CV but no further help.
92 learners enrolled over the 12 month period
89 achieved qualifications 24 learners into full time employment
Coalfields Regeneration Trust (July 2023 - January 2024)
Funding secured from CRT, to run Employability sessions focussing on CV creation, Online job search and applications. Basic Digital skills sessions also covered (1 day per week) - 12 Learners gained employment.
Thomas Wall Trust April 22 - October 22 (Overlapped from year 21-22)
Funding secured to run skills sessions (Beginner/Intermediate) in Digital skills and MS Office. 1 day per week. 12 learners secured qualifications and also attended Employability sessions.
SYCF Windfarm (Feb 2024 - Ongoing)
Providing digital skills and Employability support 2 days per week. 8 Learners currently enrolled.
Charitable Trusthouse Foundation (Feb 2024 - Ongoing)
Providing Digital skills and Employability support 2 days per week. 12 learners currently enrolled.
Summary of Achievements
The year 2023-2024 has been another success. Generous funding allocated to DECV enabled us to provide learning opportunities to 100+ students, with almost 100 gaining Highfield/Learn my Way Digital qualifications and 24 have gained full time employment working through DECV's employment programme.
The tutor works with individuals in Centre in both small group and 1 to 1 sessions. Remote learning sessions are in place for learners when needed. All learners enrol to Accredited online learning + ICT Awards. Individuals also receive sessions on updating CV's, job applications + Online Job Searching, online bills, Digital Forms and benefit forms/Universal Credit.
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.
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Janet Ellor
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