COMPANY REGISTRATION NUNIBER.. 03953683 CHARITY REGISTRATION NUMBER.. 1080314 South Riverside Community Development Centre Limited Company Limited by Guarantee Financial Statements 31 March 2022
South Riverside Community Development Centre Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2022 Page Trustees, annual report (incorporating the director's report) Independent examineffs report to the trustees Statement of financial activities (including income and expenditure account) statement of financial position Stalement of cash flows 10 Notes to the financial statements 11
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) Year ended 31 March 2022 The Iruslees, who are also the direclois for the purposes of company law. present their reporl and the unaudited f1nancial slalements of the charity for the year ended 31 March 2022. Reference and adminlstrativè detalls South Riverside Community Development Centre Limlled 1080314 Registèred ¢harity name Charity registration number Company règistration number 03953683 Prin¢lpal offlce and registèred South Riverside Community Centre offic8 Brunel Street Riverside Cardiff CF116ES The trustees W Findlay J Singh J Marsh811 G Owen D Hann K Abbdi S Carleton K Barker S Khan M Svobodova N Hamonda M Kodur Company secretary S Abdul Staff Managem&nt Group N Binnell (retired 26th July 20211 J Abell T Dimmid( C Davies S Krause S Way {resigned 7th May 20211 R Robinson L Gray J James S Khaireh A Heath
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2022 Bankers HSBC Bank plc 259 Cowbridge Road East Canton Cardiff CF71 9TN CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesl Mailing Kent ME194JQ Accountant Gordon Down Accounlanls Temple Court 13a Cathedral Road Cardiff, CF119HA
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eontinued) Year ended 31 March 2022 Chairperson's Report Around March 2021. the UK experienced the gradual lift of COVID 19 reslriclions, with all legal limils on social contact finally ending In June 2021 with our SRCDC commLJnily, alongside the rest ol the UK, gelling back on roule to a more normal life. We celebrated this by pulling off a remarkable achievement with the posl-lockdown 'Summer of Smiles, activilies for local young people and their families, all su¢cesslully faalilated by the Youth Innovation Project and the Young People 8nd Parents Project in collaboration wlh the River Music Project. In the summer of 2021, our Director Neil Binnel announced he would be leaving us. We were able lo successfully faoilitale this transition in leadership by welcoming Jen Abe11 as our new Director. Jen took up on hèr New role with great erilhusiasm and creativity and made this process of change feel seamless. By securing Heritage Lottery Funding, we have ensured the contlnuily of the Greening RiveTside Project which now bears a new name 'Local Places lor Nature Breaking Barriers,, designed to increase engagement of diverse communities in accessing nature on their doorstep. Th15 will enable us lo support local people in helping lo make Riverside a greener place. Our anti-poverty programmes, We Can Work It Out and the Believe project, managed to create high levels of change for the better among so many of its participants. While looming recession, the cost-of- living crisis, and olher dark clouds Ihal are either already here or on the horizon in W8les make the need for projects like these greater than ever. The principles the Believelcredu project has shown, and the changes it has helped its participants make to their live5, at least point the way lo a brighter future for minority ethnic women seeking paid work and greater social and financial resilience. 11 also import8nlly led lo the forming of another new SRCDC proje¢l called Let's Interpret. Our Wyndham Street Pantry is now well established as a social enterprise, working in partnership with various other charities and suppliers lo provide a weekly food package worth £30 loi an affordable price of £5. We have also estsblished an exciting new partnership with FDodCycle, working lo ease food poverty, loneliness and food waste for our cornmunily, by providing delicious three course meals and great conversation each Wednesday night, whilsl using food whi¢h would otherwise go lo waste. The 2021-22 financial year started with SRCDC projecting a deficit of £1,903. By March 2022 this was overturned to an unrestricted surplus of £10.194. Full suslainabilily has not been achieved and we face new challenge5 in the years ahead. Bul grants and project opportunities are still rolling in. including the exciting £250,000 refurbishment for the Warehouse communrty building that will transform the rLJn-down facility into a bright community space that will continue to house our irnportanl youth provision in the area as well as our ESOL c13sses. 1am delighted lo report that SRCDC has had such a successful year. By recruiting a new Director and other new team members. we added new oapacily lo enable us lo respond lo urgent developments and develop new projecls, while maintaining our core programmes. We have exciting plans for the ftjture and SRCDC 15 in a sliong position. ensuring ils important work will continue. We've achieved so much together since coming out of the global pandemic. We are very aware ol the slgnificant challenges lacing OUT community over the coming winter and beyond. We will do everything we can lo ensure that all our brilliant community's resources are mobilised to support people through these limes. l am grateful for the hard work of all the staff, including the ¢hildcaTe provider5, cleaners, volunteers, youth workers and project leaders. directors, and Iruslees. Martina Svobodova, Chair of SRCDC Trustees.
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Director's Report) (contsnued) Year ended 31 March 2022 Objectivos and activltl8S The ¢harily's 3im5 are to.. advance the education of the public in mallers related lo mental, physical, cultural and social weare., relieve poverty Strdteglc Alms Our strategic aims- the interrelated means by which we will achieve our mission are.. TL) foster the empowerment of individuals and groups through providing information, facilitating involvement in issues that affect their lives through supporting community organisalion and developing skills.. and acting as an independent, represenlalive voice for the community., Ensure access lo services, facilitie5 and opportunities necessary for the social and economic development, health and well-being. Develop strong cross-cullural relationships which CogniSe, value and ¢elebTale the multicultural makeup of our community. We aim to achieve thi5 by supporting cultural activities within each community, encouraging sharing between ¢ullures and promoting understanding and a¢¢eptance, which wll benefit our dive¥se communities. The centre operates wlh the following values and processes lo promote.. Social Justice Enabling people to claim their human rights, meet their needs and have greater control over the decision-making process which affects their lives. Partlclpation Facilitating democratic involvement by people in the issues, which affect their lives, based on full citizenship, autonomy, and shared power, skills, knowledge and experienee. Equality Challenge the alliludes of individuals. and the practices of institutions and soclely, that discriminate against and marginalise people. Learning Recognise the skills, knowledge and experience that people contribute and develop by taking action to tackle SOfAal, economic, politic31, and environmental issues. Co-operation Work together lo identify and implemenl a¢lion, based on mutual respect of diverse cultures and contributions.
South Riverside Community Development Centre Limited Company Llmited by Guarantee Trustees. Annual Report Ilncorporating the Director's Report) (contintffjd) Year ended 31 March 2022 Achievements and p8rformance Believalcredu The Project provided employment and training support lo women from ethnic minority communities over 25 years of age in our area of benefit. 11 w8s funded for 3 years by the Henry Smith Chaiity and we are awaiting updates on a second funding submission to hopefLJIIy Tun from J8nuaTy 2023-December 2026. The projeol has partnered with a number ol agencies to overcome challenges such as transport, language and work experience. It facilitated food pop-up Gel Cooking courses, B1 courses, read and write cl8sses, ¢ycling lesson5, sewing workshops and initially organised an Interpreters course which has led lo the forming of a now sland alone SRCOC project called Let's Interpret. The project also Provided support lo our diverse Community via weekly Friends and Neighbours gTOUPS IFANI, an annual Inlernalional Women s Day celebration, facilitating 8 safe space for Iftar, Eid celebrations and facililaling a Science Festival. The project worked in p8rtnership with other organisalions lo provide new experiences and skills for women from the community such as rowing. climbing and walking which has led to women lo consider these as fLJlure employment opportunities and support lo follow this pathway. This has led lo women reporting that they are more ¢c>nfidenl seeking work OPPDrtunities. Despite the challenges of MIng out of the pandemic the project has had a great deal ol success in achieving ils outcomes. This was down lo intensive support and advocacy when required, building upo participants, many existing assets wherever possible, and being fflexible with the progiamme towards the greatest areas of strengths lo be found among ils beneficiaries. In doing this Believel Credu was able to find ways to help participants see a realistic pathway lo decent work opportunities, which they may not have ¢onsidered before. We Can Work It Out We Can Work It Out is a 3-year funded lollery project aimed al helping lo tackle in-work poverty. It has worked closely wth local minority ethNi¢ families and last year. working alongside the New Economics Foundation, co-produced a detailed research document through the method of peer research, with reMMendatIonS widely circulated amongst Welsh Government. Key areas of need highlighted in the report are now being developed in the final year of the projed. A Language Café brings to together people who want lo practice their English and reduGe isolation. Weekly tutor sessions were run on-line in Maths, English & Science lo help prepare for children for their GCSE'S. The project supported weekly ESOL, computer sessions and Read & Write classes all of which were identified as a need lo progress closer to the labor market. Gregning Riverslde December 2021, Greening Riverside became a Heritage Lollery Fund, 'Local Places for Nature Breaking Barriers, project. Funded for 16 months, il is designed to incre8se engagement of diverse communities in accessing nature on IheiT doorstep. To a¢hieve this, we have run over 25 different activities, Including c1a5sroom and hand-on outdoor learning opportunities in a range of different habitats.. our local parks, front gardens, Bute Park and trips lo the coast. On-going engagement of the whole community will produce a Local Plan lor Nature in Riverside. By March 2023. this plan will pull I(ether all the activities and projects operating in the area, along with our a¢lions lo-date and our ideas for the future lo preserve and improve our local green spaces for both nature and people.
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continuod? Year ended 31 March 2022 Youth Innovation Project Rlversido & Grangètown This has been an extraordinary period In our lifetime especially lor young people. The youth innovation prolecl Riverside and Grangelown has been, and ¢onlinues lo be, al the front line engaging wrth young people. Our open access provision is seeing consistent numbers of young people, and a ktty focus has been around Resilience, Health through SporVFood and the Expression ol SklllslAmbitions through mulllmedia & music projects. A key fealu¥e has been supporting groups of young people taking part in a community projects: 50 plus young people completed Inlergeneralional project with the over 60's. 8 young people gained Sports Leaders Award level 11 8 young people won 4 Gold Medals. 5 Silver, and 1 Bronze medal in 8rilish Cross Country Finals iv. 6 Youth people joined Youth Volunteers Wales Let's Interpret Between April 2021 and March 2022, Let's Interpret recwiled a further 20 members. Funding from First Campus allowed us lo offer a more comprehensive training programme, and when this was successfully completed. we were able lo continue our work with support from the Vve Can Work It Out project. 17 of the new members successfully compleled Ihe"Firsl Steps lo Public Sèrvice Interpretation course and 6 also went on lo successfully complete the Introduction lo health interprelalion" course both accredited courses, delivered by Cardiff University. Our members also benefitled from training on safeguarding, equality and diversity awareness, health screening, vicarious trauma, mental health awareness ancl assertiveness. 15 members pul their linguistic skills Into practice via work experience opportunities, undertaking translation and inlerprelalion work for local third sector organisalions, and 2 went on lo start working as self-employed inlerprelers. Young People and Parents Project The project employs 10 sessional childcare workers who are qualified lo work with babies and children aged O 10 19 years. The project specialises in providing mobile crèches that run alongside classes for adults. This has proved very successful as many organisalions lind il 15 essential lo provide childcare so that their participants are able lo access their courses. The project has partnership with 8 organisaions that regularly use the mobile crèche. The project was successful in obtaining funding from BBC Children in Need to run a Parent & Toddler group which started in September 2021, the project has over 20 families enrollell for the group. Rlver Muslc River Music has two areas of activity bound together by the involvement ol local people promoting cultural Diversity. The ostensibly muslc focused aspeel ol the work involves the engagement of local musicians from diverse cultures in a series of musical ntent se55ions, mostly run as open iehearsals. ThS work culminated in a programme of workshops and performances leading up to the Riverside Festival in August. Workshops and open rehearsals have contintjed. involving in excess of 100 individuals overthe COL)rse of the year. The second eFemenl is awessible arts for local children and young people, predominar*lly 6-12 year olds. Activities have included weekly Ukulele classes, a series of UV light workshop5 and performances,
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2022 arts workshops with Umbrella Arts, drum workshops, science workshops with Techniquesl and Cardiff Science festival, dance workshops with Ballet Cymru, musi¢ technology, animation workshops, craft workshops including mask, lantern, festival costumes and jewellery, story-telling, lullaby writing with Opera Sonic, mural making and pottery sessions with a wheel. There have been over 700 children participating in such aclivilies. Wyndham Street Community Pantry The pantry membership reached 500 members by March 22 with new members joining most weeks. 11 served an average of 60 members per week who pay £5 for a £30 shop. We have started a 'pay il forward, scheme where member5 can pay for someone else lo shop (similar to the scheme in some coffee shops). We have a steady number of volunteers who cover Tuesday and Wednesday when the pantry is open they come from 8 range Df backgroundslcullures Our volunteers completed 14 online training courses in Food Hygiene, Manual Handling, Dala Protection and Fire Safety. We hosted various projects including Bereavement Care for BAME residents (based in ACE), Food Gycle who use leftover food to serve free three course meals every Wednesday evening & two events by the Riverside Greening Prc>jecl lo di51ribule free plants lo the Pantry members. 'We have incTeased the number of donations through the Co-op, Faitwater A11otments. Grangelown Growers, Brod bakeiy and Alex Gooch bakery. We follow protoco15 lor accepting don81ions provided by Fare-share. Flnancial revlow The charitable company continued to develop its financial policies and management during 2021-22. The charity had various SDur¢es of income during Ihe period and will continue lo build on ils strategic policy of developing and improving the diversily of ils income streams. The charity conducts Ils core 8Ctivilies from ils main building in Brunel Street, a freehold property whi¢h il owns, and from the Wyndham Street Centre and The Warehouse, Machen Place which it leases from Cardiff Council. The charitable company is ieporling a deficit of £57,539 for the year ended 31 March 2022 compafed lo a surplus of £142,159 for the previous ye8r. Reserves Policy The charitable company holds £427,887 in reserves compared lo £485,426 in the previous year. The Teserves are classified as £109,029 unreslrlcled and £318,658 restricted. 11 is the policy of Soulh Riverside Community Development centre lo hold sufficient reseTves to cover al least 6 months operational costs plus potential redundancy costs. The current calGulaled unrestricted reserves target Is £49,862 therefore the unreslriGled reserves of £109,029 are currently suffici8nl. Officers and Trustees will continue to Teview and monitor the serves largel and levels.
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {¢onliiiu& Year ended 31 March 2022 Small company provislons This report has been prepared in accordance with the provisions applicable lo companies entitled to the small companies exemption. trustee5 by.. The Iruslees, annual report was app LF,¥,i | Il and signed on behalf of the board of D Hann Trustee
' South Riverside Community Development Centre Limited Company Limlted by Guarantee Independent Examinerfs Reporl to the Trustees of South Riverside Community Development Centre Limited Year ended 31 March 2022 I report lo the truslees.ori my oxaminalion of the linan¢ial" slalemenls of South RiveTside Communlly Development Cenlro.Llmiled I'the charily.) for the ygar ended 31 Maich 2022. Rosponslbllillès and basls of raport As the trustees of the company.12nd also Its d1reclors for the purpose5 01 company lawl you are responslbl& lor th8 preparation of the ftnancial slalgmenls in accordance wSlh Ihe requiremenis of the Companies Act 20061'th6 2006 Acl'l. Having sa115fled myself that the accounts of the company are not requlred lo be audlled under Part 16 of Ihe 2006 Aci and are ellglble for indep&ndeNI examination. I report in respe¢l (If my exaniinallon of th¢ charlly's accounts as Garried out under section 145 of the Charilies Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directions given by thè Charlly Commlsslon under s¢etlr>n 14515llbl of the 2011 Act. Indep*odent examiner's statement Slnce the charity's gross Income exceeded £250,000 your èxaininer musi be a member of a body listed In section.145 of the 2011 Act. I nfir[n that l am qualrfled lo underkke the exatninallon becau3e I'am a rnember of the Inslllute of Chartered Accounlanls In England atKI Wales IICAEWI, which Is one of the listed bodies. I hav0 completed tny examination. I confimi ihat no mallers have come lo my allention In conneclion with the eXaMinatn glvlng me cause lo believe.. acwunling records were not kept in respect of the charity as r8quired by" section 386 of the 2006 Act.. or Ihefinanelal stalements do not accord wllh those r8cords,' or the financial slalemenls do not comply Ydlh accounung rèquirements of $6clon 396 01 Ihg 2006 Act other than any rgoulremgnl Ihal the accoun15 glve a'lrue and view whlch is not a matter considered a5 parl of an independent examlnailon., or the finanal statements have not bgen propared In accordance with, the melhody and principl88 of the SlalemeNI of Recommended Pr3clice for accounting and reporbng by charllies applitable lo charllles preparlng their aocounls in accordance with Ihe Financial Reporting Slandaid appliFable In th& UK atKI Repyblic of Iland IFRS 1021. I have no concerns and hgve come across no other matters in oonneclion with Ihe examinttlion lo which attention should be drawn In thls report in order lo enabl8 a'proper und9r51anding of the accounts lo be reached. Philip Harris Independenl Examiner e)L
South Riverside Community Development Centre Limited Company Limited by Guarantee Statement of Financial Activities {including income and expenditure accounti Year ended 31 March 2022 2022 Reslricled funds Total funds 2021 Unrestricted funds Total funds Note Income and endowmenls Donations and legaeies Other trading activities 28,939 60,473 89,412 362.964 391,g03 60,473 543,874 58,287 Total income 362,964 452,376 602,161 Expenditure Expenditure on charitablo aGlivities Total expenditure 114,907 395,008 509,915 509,915 460,002 114,907 395,008 460,002 Net16xp•nditurèVincome 125,4951 (32,044} 157,5391 142,159 Transfers beeen funds 35.689 135,6891 Net movement in funds 10.194 167,7331 (57,5391 142.159 Reconciliation of funds Total funds broughl fonKard Total funds carried forward 98,835 109,029 386.591 485.426 343,267 485,426 318,858 427,887 The slalemenl of financial aclivilie5 includes all gains and losses re¢ognised In the year. All income 8nd expenditure derive from continuing aclivilies. The notes on pages 11 to 23 forrn part of these financlal statements.
South Riverside Community Development Centre Limited Company Limited by Guarantee ststement of Financial Position 31 March 2022 2022 2021 Note Fix8d assets Tangible fixed assets 13 124,304 123,025 Current assèts Stocks Debtors Cash al b8nk and in hand 14 15 200 23,001 313,766 200 10,516 384,851 395,567 336.967 Creditors: amounts falling due within one year Nèt current assets 16 33,384 19,254 376,313 303,583 Total a$sots les5 current liabiSltl8s 427,887 499,338 Creditors: amounts falling du& after mor8 than one year Net assèts 17 13.912 427,887 485,426 Funds of the charity ReslriGted funds Unrestricted funds 318,858 109,029 427,887 386,591 98,835 Total charity funds 20 485,426 For the year ending 31 March 2022 the charity was enlilled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small ¢ompanie5. Directors, responsibilllies.. The members have not required the company to obtain an audlt of its financial statements for the year in question in accordan¢e with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with iespecl lo acGOLJnting records and the preparation of financial statements. These financial slalemen15 have been prepared Sn a¢¢ordan¢e with Ihe provision5 applicable lo companies subject to the small cornp8nies' regime. These financial statements were approved by the board of Iruslees and aulhorised for issue on d are signed on behalf of the board by". D Hann Trustee The notes on pages 11 to 23 form part of these financial statements.
South Riverside Community Development Centre Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2022 2022 2021 Cash flows from operating activities Nel lexpendilurellincome 157,5391 142.159 Adjustments for.. Depre¢lalion of tangible fixed assets Government grant in¢otne Accrued lincomellexpenses 3,010 16,1611 15,9771 1,699 164,6361 5,394 Changes in.. Trade and other debtors Trade and other creditors 110,6221 4,332 24,817 6,327 Cash generated from operations Nel cash (used inllfrom operating acliwlies 172,9571 172,9571 115,760 115,760 Cash flows from investing activltles PLJr¢hase of tangible 35sels Net cash used in investing actiwlies 14,2891 14,2891 (7.445) 17,445} Cash flows from frnancing actlvlties Government grant income Nel cash from financing activities 6,161 64.636 6,161 64,636 Net Ideereasellincrèasè in cash and cash equivalents Cash and cash equivalents at beginnlng of year Cash and ¢ash equivalents at end of year 171,0851 384,851 313,766 172,951 211,898 384.849 The notes on pages 11 to 23 form part of these flnancial Statements. 10
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2022 Ganeral information The charity is a public benefit enlily and a private company limited by guarantee, regislored in England and Wales and a registered chaTily in England and Wales. The address of the registered office is South Riverside Comrnunily Cenlre, Brunel Street. Riverside, Cardiff, CF116ES. statemènt of compliance These financial slalements have been prepared In compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice appli¢able lo Gharilies preparing their ac¢oun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 IGh8rities SORP IFRS 102)) and the Companies Act 2006. Accountlng poll¢les Basis of preparatlon The fin8nual statemen15 have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilrties and investment propertie5 measured al fair value through income or expenditure. The financial statements are ppared in sterfing, which is the functional currency of the entty. Golng concern There are no materi81 uncertainties about the ¢harilYs ability lo continue. Judgemènts and key Sources of estimation uncertainty The preparation of the financial $latemenls requires management lo make judgements, eslimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experien¢e and other factors, including expectaliong of future events that are believed lo be reasonable under the circumstances. Fund accounting Unreslricled funds are available for use al the discretion of the Iruslees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular futu project or commitment. Restricled funds are subjeoled lo restrictions on their expendituie declared by the donor or through the tèrms of an appeal and fall into one of two 5ub-cla5ses.' restricted income funds or endowment funds.
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statemenls (conlfnulj Year ended 31 March 2022 Accountlng pollciès (¢ontinue#J Incoming resourcès All incoming resources are incltjded in the slalement of financial activities when enlillemenl has passed lo the charity., il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably meastjred. The lollowing spe¢ilic policies a applied lo particular categories of income.. income from donations or grants is recognisecl when there is evidence of entilleTnent lo the gift. receipt is probable and ils amount can be measured reliably. legacy Income is recognised when receipt is probable and enlillemenl is esl8blished. income from donated goods is measured al the fair value of the goods unless Ihls is impractical lo measLJre reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of servi¢es is re¢(>gnised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a contractual requirement for il lo be spent on a particular purpose and retumed il unspent, in which case 11 May be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure include5 any VAT whid) cannot be fully recovered, and is classified under headings of the slalemenl of financial activities to which il relates.. expenditure on iaising funds indudes the costs of all fundraising adivilies. evenl$, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all eosls incurred by a charrty in undertaking activities that further ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the govemance of the charity apportioned to charitable other expenditure includes all expenditure that is neither related to raising funds for the charity nor part ol ils expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resouice. Direct wsls attributable lo a single a¢tivily are allocated directly lo that activity. Shared costs are apportioned between the a¢tivilies they contribute to on a reasonable, justifiable and ¢onsislent basi5. Tanglble assets Tangible assets are initially recorded al CDSt, and subsequently stated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value al the dale of revaluation less any subsequent accLJmulaled depreoialion and subsequent accumulated impairment losses.
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2022 Accounting pollcies (conlinuodj Tangiblè assets Icontlnue An increase in the cariying amount of an asset as a result of a revaluation, 15 recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as expenditure within the slalemenl of financial activities. A decrease in the carrying amount of an asset as a resuSt of r&valualion, Is Tecognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Dèpreciation Deprecialion is calculated so as lo write off the cost or valuatson of an asset, less Its residual value, over the useful e¢onomi¢ life of that a5sel as follows.. 1 YD straight line 25 /0 slr8ight line 25% straight line Freehold property Fixtures and fillings Equipment Impairment of fixed assets A review lor indicators of impairment is carried out al each reporting dale, with the recoverable amount being esllmated where Such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired aG¢ordingly. Prior impairments aTe also reviewed for POS5ibl& reversal at each reporting dale. For the purposes ol itnpairment testing, when il is not possible to estimate the recDverable amount of an individual asset. an estimate Is made of the recoverable amount of the cash-generaling unil to which the asset belongs. The cash-generating unil is the smallest idenliliable group of assets that includes the asset and generates cash inflows that largely independent ol the cash inflows from other assets or groups Df 35sets. For impairment lesling of goodwll, the goodwill acquired in a business combinalion is, from the acquisilion dale, allocated to each of the cash-generating units that are expected lo benefit from the synergie5 of the Combination. irrespective of whether other assets or liabilitie5 of the charity are assigned lo those units. Stocks sto¢ks are measured al the lower of cost and estimated selling price less costs lo complete and sell. C051 includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock lo ils present location and condition. Government grants Government grants are reoognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching lo them and the grants will be received. 13
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements {¢ontinue Year ended 31 March 2022 Accountlng polic1&$ (conllnued) Government grants (¢onllnuod) Where the grant does not impose spe¢ified future performan-relaIed condillons on the recipient. it is recognised in income whon the grant proceeds are reiVed or receivable. Where the grant does impose specified future performanTr-related conditions on the recipient, il is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition Crlteria. they are recognised as a liability. Financial instruments A financial asset or a financial liabilty is recognised only when the entity becomes a party to the eonlraclual provisions of the inslrumenl. Basic financial instrLJmenls are initially recognised al the amounl receivable or payable Including any related transaction costs, unless the aTrangemenl conslilules a financing transaction, where il is re¢ognised al the present value of the future payments discounted al a market rale ol interest for a similar debt inslrumenl. Current assets and Current liabilities are subsequently measured al the cash or other consideration xpecled lo be paid or received and not discounled. Debt instruments are subsequently measured al amortised cost. Definèd contrlbution plans Conlribullons to defined contribution plans are recognised as an expense in the period in which the related servi¢e is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead to a reduction in future payments or a cash refund. When conlTibulion$ are not expected lo be sellled wholly within 12 months of the end of the reporting date in which the employees render the related setvice, the liability Is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which il arises. Llmited by guarantee The company is lirFTriled by guarantee and does not have a share capital. The Ilabilily of the n7embers in the event of the company being liquidated is liiniled to £1 per member. 14
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ènded 31 March 2022 Donatlons and legacies Unreslricled Funds Restricted Total Funds Funds 2022 Donations 639 639 Unreslricled Funds Reslricled Total Funds Funds 2022 Grant5 Lollery - We can work it out Henry Smith Foundation Cardiff Council- Youth Innovation Cardiff Council- Girls Sport Grant Caidiff Council- Summer of Smiles Cardiff Council- Winter of Wellbeing Gardiff Council - Playworks Holiday Fund WCVA Landfill Disposal Tax Communities Scheme Heritage Fund Good Things Foundation- BT Skills Arts Council of Wales- River Mu51¢ River Music Lullaby Project River Music- Neighbourly grant Riverside Festival The Pantry Cardiff University Innovation Fund - Lets Interpt Bevan Foundation - Research Project WGVA- Improve & Thrive After School Club Ace - Food lor Life The Sewing Project C3SC- Comic Relief Emergency Fund Ace - Food Power Generation BBC Ghildren in Need The Waterloo Foundation Cardiff Council-sanilary Products Moondance Foundation Communily Fund Wales- Go for Girls Aviva Community Fund Government grant income 10,544 3,192 3,200 95,082 56.608 36,800 1,696 2,900 10.000 5,789 5,260 40,601 105,626 59,800 40,000 1,696 2,900 10,000 5,789 6,317 40.601 1,057 20,250 1,100 1.000 17,604 20,250 1,100 1,000 17,604 4,928 12,5711 2,822 4.928 2.571 7,612 10,434 3.875 3,875 9,183 20,000 4,000 9,183 20,000 4,000 124 11241 20,000 6,161 362,964 20,000 6,161 28,939 391.903
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2022 Donations and legacies (conllnued) Unreslricled Funds Reslricled Total Funds Funds 2021 Donations Unrestricted FunLIs Restricted Total Funds Funds 2021 Grants Lollery- We can work il out Henry Smith Foundation Cardiff Council - Youth Innovation Cardiff Council - Girls Sport Grant Cardiff Council- Summer of Smiles Cardiff Council- Winter of Wellbeing Cardiff Council- Playworks Holiday Fund WCVA Larndfill Disposal Tax Communities Scheme Heritage Fund Good Things Foundation - BT Skills Arts Council Df Wales- River Music River Music Lullaby Project River Music- Neighbourly grat)I Riverside Festival The Pantry Caidiff University Innovation Fund - Lets Interpret Bevan FoLtndalion - Research Project VVCVA - Improve & Thrive After School Club Ace- Food for Life The Sewing Project C3SG- Comic Relief Emergency Fund Ace - Food Power Generation BBC Children in Need The Waterloo FoLJndalion Cardiff Council-sanilaiy Products Moondan¢e Foundation Community Fund Wales- Go for Girls Aviv3 Community Fund Government grant income 146,101 59.001 30,000 146,101 59,001 30,000 1.475 1.475 S,600 3,600 6.600 3,600 9,976 70,590 6,960 22,500 41,735 2,580 1,125 6,995 5,000 9.600 9,976 70,590 6,960 22,500 56,735 2,580 1,125 6,995 5,000 9,600 15.000 1,400 1,400 39,000 39,000 28,OC>O 82,000 36,636 64.636 461.874 543,874 Other tradlng activitles Unrestricted Total Funds Ljnreslricled Total Funds Funds 2022 Funds 2021 Rental In¢ome Other Ineorre The Pantry Membership 42,207 9,174 9,092 60,473 42,207 9,174 9,092 27,295 30,992 27,295 30,992 0,473 58.287 58,287 16
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (contlnug Year ended 31 March 2022 Expenditure on charitabl8 activities by fund typg Unreslricled Funds Restricted Total Funds Funds 2022 Activity type Support costs 114,280 627 395,008 509,286 629 114.907 395,008 509,915 unreslric16d Funds Re51ri¢led Total Fund5 Funds 2021 Activity type Support costs 114,080 605 319,224 26,093 433,304 26,698 114.685 345,317 460,002 Expenditure on charltable activltles by aclivlty type Activitie5 undertaken Total funds directly 2022 Total funds 2021 Acliwty type 509,286 509,286 433,304 Net lexp9ndlturellincom• Net lexpenditureifincome is slated after chargingllcredilingl.. 2022 2021 DepciatiOn of tangible flxed assets 3,010 1,699 10. Independent gxamination fees 2022 2021 Fees p3y8ble to the independent examinei for.. Independent examination of the financial 51alemenls 3,000 2,400 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as fo11ows'. 2022 2021 Wages and salaries Employer contributions lo pension plans 276,526 8,424 208,661 12,532 284,950 221,193 17
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (contintsed) Year ended 31 March 2022 q. Staff costs [¢ontlnuedl The average head count of employees during the year was 3312021.. 401. The average number of full-lime equivalent employees during the yeaT is analysed as follows.. 2022 No. 2021 No. Senior Manager Project Manager Project Officers Crechelyoulh Workers Cleanerl Caretakers 33 No employee received employee benefits of more than £60,000 during the year12021.' Nill. 12. Trustee remunaratlon and expenses No remuneration or other benefits from employmènt with the charity or a related entity were received by the Iruslees in the year. 13. Tangible fixad assets Freehold Fixtures and property fittings Equipment Total Cost At l April 2021 Additions 198,125 66,361 28.409 4,289 292.895 4,289 At 31 March 2022 198,125 66,361 32,698 297,184 Depreciation Al 1 April 2021 Charge for Ihe year At 31 March 2022 82.544 1,699 62,040 432 25,286 879 169,870 3.010 84,243 62,472 26,165 172.880 Carrying amount At 31 March 2022 113,882 115,581 3,889 4,321 6,533 124,304 123,025 Al 31 March 2021 3,123 14. Stocks 2022 2021 Raw materials and ¢on8umables 200 200 18
South Riverside Community Development Centre Limited Company Llmited by Guarantee Notes to the Financial Statements (contly>ued) Year ended 31 March 2022 15. Debtors 2022 2021 Trade debtors Prepayments and accrued income Other debtors 13,331 7,214 2,456 23,001 11,048} 4,945 6,619 10.516 16. Cr8ditors- amounts falling due within one year 2022 2021 Trade creditors Accruals and deferred income WGVA Loan Other creditors 6,136 5,734 17,390 4,124 2,528 9,848 5,000 1,878 33.384 19.254 17. Creditors: amounts falling duo after more than one year 2022 2021 WCVA Loan 13.912 18. Penslons and other post retirement benefits DIned contributlon plans The amount recognised in in¢ome or expenditure as an expense in relation to defined contribution plans was £8,42412021'. £12,532). 19. Governmènt grants The amounts recognised in the financial statements for government grants are a5 follows.. 2022 2021 Recognised in income from donations and legacies.. Government grants income 6,161 64,636 19
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2022 20. Analysis of charitable funds Unrestricted funds Al 1 April 2021 At 31 Mar 2022 Income Expenditure Transfers General funds The Pantry 98,835 80,181 9,231 89,412 181,8141 133,2931 1114,907) 5,291 30,398 102,693 6,336 98.835 35.689 109.029 At 1 April 2020 Al 31 Mar 2021 Income Expenditure Transfers General funds The Pantry 73,233 140.287 1114,6851 98,835 73,233 140,287 1114,6851 98,835 Restricted funds lyear to 37" March 20221 Al 1 April 2021 At 31 Mar 2022 Income Expenditure Transfers Lottery- We can work il out Henry Smith Foundation Cardiff Council - Youth InnovaliorTr Greening Riverside WCVA Good Things Foundation BT Skills River Music Riverside Festival The Pantry Cardiff University Innovation Fund- Lets Interpret Bevan Foundation Research Project WCVA - Impiove & Thrive After School Club Ace- Food for Life The Se¥Mng Project C3SC- Gomic Relief Emergency Fund Ace- Food Power Generation 78,SQ9 28,437 95,094 56,608 1137,4821 157,7321 13.0001 33,211 27,162 10,784 36,800 137,4701 10,114 10,361 5,259 115,6211 4,321 4,974 798 28,817 11.750} (2,6551 115,4821 2,571 2,319 2,920 17,S04 128,8171 326 4,928 19,5431 4,289 20,483 12,5711 116,7961 1.116 40,185 1,663 1,125 2,591 2,821 141,3741 11,6631 12,8311 {101 3,710 5,342 3,875 2,169 12,5811 4,000 13421 3.658 5,720 11,5501 4,170 20
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2022 20. Analy$ls of charitabla funds (¢ontlnued) Restricted funds (year(0 31" Alarch 2022 ¢ontlnued) At 1 April 2021 At Transfers 31 Mar 2022 Income Expenditure Cardiff Gouncil Sanitary Produ¢ts Lottery- awards for all Cardiff University IERSFI Community Fund Wales Go for Girls Reach Project Awards for All - Womens Ghat Story Museum Aviva Community Fund Arts Couni¢l of Wales River Muslc River Music Lullaby Project River Music- Neighbourty grant Cardiff Council- Street Games Cardiff Counal- Summer ol Smiles Cardiff Council- Winter of Wellbeing BBC Children in Need The Waterloo Foundation Cardiff Council~ Playwotks Holiday Fund Ycpp Heritage Fund Greening Phase 2 WCVA- Other HMRC JRSG Building Fund 63 8.858 4,000 13,9491 11,3121 1631 {1,0171 51 6,529 4,082 13.4801 16021 7,279 1,797 11241 17,7081 553 11,7971 604 45 16041 1451 20,000 20,000 20,250 12,4301 17.820 1,100 1,100 1.000 19351 {651 1,696 14711 1,225 2,900 12.900) 10,000 9,183 13,4491 {6,9591 6,551 2,224 20,000 20,000 5,789 15,3861 1403) 40,601 15,8781 34,723 3,398 13,3981 6,151 16,151) 11,6991 (395,0081 117,281 386,591 11.6991 135,8891 113,883 362,964 318,858 21
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2022 20. Analysis of charitable funds Icon¢lnue( Rostricted funds lyeHr lo J?°Mar¢h 20211 Al 1 April 2020 Al Transfers 31 Mar 2021 Income Expenditure Lottery- We can work il out Henry Smith Foundation Cardiff Counci1- Youth Innovation Greening Riverside WCVA Good Things Foundation BT Skills River Musi Riverside Festival The Pantry Cardiff University Innovation Fund- Lets Inleiprel Bevan Foundation Research Project WCVA- Improve & Thrive After School Club Ace- Food for Life The Sewing Project C3SC- Comic Relief Emergency Fund Ace- Food Power Generation Cardiff Council- Sanilaiy Products Lottery awards for all Cardiff University IERSFI Community Fund Wales Go for Girls Reach Project Awards for All- Womens Chal Story Museum Aviva Community Fund Arts Counicl of Wales River Music River Music Lullaby Project River Music- Neighbourly grant Cardiff Council- Street Games 56,994 17,823 146,101 59,001 1124,4961 146,8871 78,599 26.437 11,5001 2,114 30,000 121,3301 10,784 32,583 1,475 123,6971 10,361 311 7.455 490 6,658 6,600 3,600 9,976 70,590 12.5901 16,0811 19,6681 149,4311 4,321 4,974 798 28,817 1,000 6,960 16,6341 326 22,500 (2,017) 20,483 41,735 2,580 1,125 6.995 11.5501 17891 40,185 1,663 1,125 2,591 11281 14,9041 500 5.000 11,0001 4,000 9,600 13,8801 5,720 1,400 11,3371 63 8.858 8,858 4,171 (891 4,082 9.580 1,797 12,3011 7,279 1,797 604 45 604 45 22
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements Icontlnued) Year ended 31 March 2022 20. Analysis of charitable funds Iconlinued) Restricted funds (yearto 31" 2024 cofilinLod) Al 1 April 2020 Al Transfers 31 Mar 2021 Income Expenditure Cardiff Counal- Summer of Smiles Cardiff Council Winter of Wellbeing BBC Children in Need The Waterloo Foundation Cardiff Council- Playwotks Holiday Fund Ycpp Heritage Fund Greenlng Phase 2 WCVA- Other HMRC JRSG Building Fund 3,398 3.398 36.636 136,6361 117.281 117,281 270,034 461,874 1345,3171 386,591 21. Analysls of net as$8ts baeen funds Unre51ricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 3.892 138,521 133,384) 120.412 198,448 124,304 336,967 133,3841 109,029 318,658 427,887 Unreslricled Funds Reslricled Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Nat assets 123,025 263,566 123.025 395,567 119.2541 113,9121 485.426 132,001 119,2541 113,9121 98.835 386,591 22. Analysis of changas in net debt At At 1 Apr 2021 Cash flows 31 Mar 2022 Cash al bank and in hand 384,851 171,0851 313,766 23