COMPANY REGISTRATION NUMBER: 03953683 CHARITY REGISTRATION NUMBER.. 1080314 South Riverside Community Development Centre Limited Company Limited by Guarantee Financial Statements 31 March 2023 ORD DOWN & COMP Accountants and Business Advisors 144 Walter Road Swansea SA15RW
South Riverside Community Development Centre Limited Company Limited by Guarantee Financial Slatements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees statement of financial activities (including incorne and expenditure account) 11 13 statement of financial position 14 Statement of cash flows 16 Notes to the financial statements 17 The following pages do not fomi part of the financial statements Detailed statement of financial activities 35 Notes to the detailed statement of financial activities 38
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees. Annual Report {Incorporating the Dlrector's Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes ol company law. present their report and the unaudited financial slalemenls of the charily for the year ended 31 March 2023. Chalrfs report This was the first full operational year after the COVID 19 pandemic and as our SRCDC community continued lo ernerge from rt, we were faced with the ¢osl-ol-living crisis that has again impacted greatly on peoples, finances. We have made efforts lo help those who were impacted most from soaring energy bills. The demand for membership of the Wyndham Street Pantry has increased and new sources of food donations have had lo be found to meet demand as the supplies from Fareshare Cymru have decreased. A variety of small grants frorn C3SC helped us lo offer halal food and top up the panlry fruit and vegetable offers and supply a range of different activities lo invite the communily into the buildings to keep warm and reduce isolation. The Pantry volunteers gol involved with new activities such as planting vegetables in local parks Ihal later became available for picking by Iwal residents. Our partnership with Foodcycle continues to support our efforts to ease food poverty, loneliness and food waste for our community, by providing delicious Ihree course meals and great conversation each Wednesday night, whilst using food which would otherwise go lo waste. We hav$ securèd a conlinuallon funding for our anli-povéty programm8 Creduieelieve for another three years to provlde employment and training support to women from ethnlc minority cornmunities. We organized a wonderful celebration of the women's achievements al the Wales Principality Stadium for International Women's Day. The Cr8dulBelieve spin off project Let's Interpret continues lo increase numbers of Irained and qualified interpreters. Through the Youth Innovation Project, the Young Children's and Parents Project and our Parent and Toddler group. we conlinve lo make positive impact providing a diversè and induswe range of programmes and a¢livilies. OLJr commitment is lo address their needs, promoting personal gr0h and fostering a sense of community. Funded by the Arts Council of Wales. the River Music project continue5 to grow strong, providing opportunities lor children, young people, and families lo parlicipale in arts actlvities with 45 children per week benefitling from their musi¢ art and drama classes. They showcased the inspiring artistic talent of Riverside at Sl Davids Hall's 40th celebration.
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) l¢ontlnued) Year ended 31 Mar¢h 2023 The project organised day trips for local families who had a wonderftjl lime visiting the Sea Monster environrnenlal Arts installation in Wa51on Sup&r Mare and the Roman Baths in Bath. The River Music project curated and performed al the Rivtsrside Feslival, our 8nnual joyful community event that is becoming more and more incluswe and representative of all of the communities in Riverside. One of our notable achievements this year was the renovation of one of our treasured communlly buildings. Locally known as the Riverside Warehouse, this building has been transfoimed into a modem, light, airy building provlding a multi-functional resource for the community for many years to come. l am dalighled lo report that SRCDC has had such 8 successful year and we continued lo rèspond lo urgent developments by d6veloping new proje¢ls and maintaining our core programmes. We've achieved so much together in this financial year. We are very aware of the significant challenges lacing our community and we will do everything we can lo ensure that 211 of our brilliant communTiJls resources are mobilised lo support people through these timtss. l am grateful for the hard work of all Ihe slafl, including the childCa providers, cleaners, volunteers, youth workers, project leaders, directors and trustees. Martbna Sv0bOva, Chair of SRCDC Trustees
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (¢OntIndI Year ended 31 March 2023 Referen¢e and administrative details South Riverside Community Development Centre Limited Reglstered charity name Charity registration number Company reglstration number 03953683 Principal offico and rogistared South Riverside Community Centre office Brkjnel Street Riverside Cardiff CF116ES 1080314 Tho trustees W Findlay J Singh J Marshall G Owen D Hann K Abdi S Carfeton K Barker S Khan M Svobodova N Hamonda M Kodur {Resigned 1 April 2023) (Resigned 1 April 20231 {Resigned 1 November 20221 (Resigned 1 April 2023) Company secretary S Abdul Independent examln8r Philip Harris 144 Walter Road Swansea SA15RW structure, governance and managemenl Structure The Management Committ88 confirms that the annual report and financial statements of the charity comply with the requirements of th8 charills governing document8 and the provisions of the Charities stalemenl of Recommended Practice ISORP FRS 1021. Legal Sfatus The Charity is a Company, limited by guarantee, reoistralion number 03953683. 11 is registered wilh the Charity Commission. number 1080314.
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Roport) {¢onlAnuedl Year ended 31 March 2023 Objectiv8s and activltles The charity's alms are to.. advance the education of the public in mallers related lo mental, physical, cultural and social welfare., relieve wverty stratoglc Aims Our strategic aims - the inlerrelaled means by which we wll achieve our mission - are.. To fosler the empow¢rmenl of individuals and groups through p¥oviding information. faciliialing Involvemenl in issues Ihal affect their lives through supporting community organisalion and developing skills". and acting as an independent, represenlalive voice for the community.. Ensure access to services, facilities and opportunities necessary for the so¢ial and economic development. health and well-being. Develop strong cross-cullural relationships which recognise, value and celebrate the multiculltsral makeup of our community. We aim lo achieve this by supporting cultural aclivilies within each cornmunily, encouraging sharing between cultures and promoting understanding and acceptance, which wll benefit our diverse communities. The cenler operates wtlh the followng values and processes lo promote.. Soclal Justice Enabling people to claim their human rights. meet their needs and have greater control over the decision making process which affects their lives. Partl¢ipation Facilitating democrali¢ involvement by people in the issues. which affect their lives, based on full citizenship, autonomy. and shard power, skills, knowledge and expgrience. Equality Challenge the attitudes of individuals. 2nd the practices of institutions and society, that disuiminale against and marginalia people. Learning Recognise the skills, knowledge and experience that peopl8 contribute and develop by taking action lo tackle social, economic. Fx)Ilie8I and environmental issues. Co-operation Work together to identrfy and implement action, based on mutual respect of diverse cultures and conlribulions.
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 A¢hlevements and perforniance Believelcredu 1 Ifunded by Henry Smith) The Project has been providing employment and Iralning support to women from ethnic minority communities that are over 25 years of age in our are8 of benefit. It was funded until May 2022. However, due lo the disruption from the Covid 19 pandemic an extension was negotiated un111 the end of August 2022. The Proj8¢t has partnered wllh a number of agencies to overcome ¢hallenges such as transport, language and work experience. The proje¢l has facilitated cy¢ling lessons, cooking pop-ups, ready steady cook demonstrations Izoomlonlinel, read and write classes, sewing classes and training for Interpreters. The Project achieved mosl of ils outcomes by August 2022 and a final project report is av8ilable. Having successfully achieved most of Ihe outcomes for the 3 years of funding the Funder, Henry Smith agreed to fund a subsequent 3 years whi¢h resulted in an additional phase called Believelcredu 2 starting from January 2023. Believelcredu 2 Ifunded by Henry Smlthl The Project succasslully recruited the majority of ils laTg81 participants by the end ol March 2023 and many women comlng through the door were asklng for support with English language development and reading and wrlllng. celebration of the women's achi8v8menl was facililaled al the Wales Principality Stadium for Inlemational Women's Day and this helped the women rellecl on their personal dev¢lopmenl, distance Ir8velled and increased confidence. During the event they presented in front of a large audience in their sècond language. The Project is developing from strength lo strength and offering,. Gel cooklng classes, Read and Write sessions, sewing, craft, digital literacy and a weekly Friends and Neighbour8 {FANI Group. C3SC - Move More Eat Well Through this project four participants were recruiled from the community lo Ifain lo btscome Lowland Walk Leaders and attended the two day lOalld Walk Leader cours8 with Partneriaelh Awyr Agored and Cardiff Council. In addition one of the participanls allended and passed 8 Iwo day Rescue Emergency Care certificate. Some w8lks have been Irialled with a view of taking out regular groups on a monthly basis lo encourage women from the diverse community of Riverside lo lake parl in ould¢)or recreational aclivity. Moneywlse Ifundad by C3SCI A grant was successfully secured from tha C3SC EThployabllily Grant to support and enable women to come together in a safe space to learn how to tell the lime and activities around budgeting and shopping. This also helped sign-post participants lo other learning opportunities provided by Believelcredu arid also the Food Pantry. Let's Interpret During the period of April 2022-March 2023, Let's Interpret was funded firstly by National Lottery funding via the 'We Can Work It Out, Projecl and then by the Prince of Wales Charitable Trust and the
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Dlrector's Report) (con¢lnuedJ Year ended 31 March 2023 National Lollery'Awards for All" During this period we recruited a further 20 trainee inlerprelers, 811 of whom successfully completed an accredited level 3 course in Public Service Interpreting. Additional Continuing professional development ICPDI trainlng was also delivered on topics including,. safegL¢arding, equality and diversity awareness, mental health awareness, confidence building and vicarious liauma. These were allended by our exisling members as w611 as the new rec¥uits, and a number of members benefilled from work experience secured wilh 5 local third sector organisalions. In February 2023 we also began delivering bi-monthly supervision sessions for those of our members who have started worklng as volunteer or paid inlerprelers. Youth Innovation Project (funded by Cardlff Councll, Youth Sèrvices The Youth Innovation Proj&ct is delivered lo the young people of Riverside and Grangelown and provides a comprehensive universal open access provision. The project operates on a weekly basis 8¢ross the localllies and Creates opp()rtunlties for young people lo engage in purposeful activities that encourage participation. social skills, nurtures potential and creates a platform lo highlight achievements. The proje¢l continues lo make a positive impact on the lives of young people by providing a diverse and inclusive range of programmes and aclivilies. Our commitment is lo arjdressing their needs, promoting personal growth. and fostering a sense of community. This focus and approach is evident throughout our work. Young Chlldren's and PatS Prolect IYCPPI The YCPP works Mrilh children aged O to 14 year's old providing childcare and play along wilh a v8riety of activities such as arts & craft, sporting stsssions and some cultural activities. Parent & Toddler group Ifund8d by BBC Chlldren In Neédl Delivered by YCCP the sèssion runs every Monday and Thursday mornings du¥ing 16rm lime for babies and children under 5 years old. We have hed up to 10 families allending where p8rent stay and play with their childr&n while staff chart the development of the children who attend. We also provide activities for children and young people aged 7 10 14 during the half terms and summer holidays. where we have up to 30 disadvantaged children attending. Mobile Crèche The YCPP also runs a Mobile Crèche enterprise, providing Childcare for parent who are allending various classes prowded by other organisations. We have regularly provided childcare for the NHS dielelics team, the Rtsd Cross, Oasis, and the Home Office Boarder Agency among others. This year th8 YCPP had Some funding from Street Games. With this the chlldren and young people were able lo experience and take part in different sporting aclivllies. They look part In learning horse riding, badminlon, and table tennis. We had 11 children attending Wyndham Strèèt Pantry The Wyndham Street Pantry prOdeS 2 Iwice weèkly (Tuesday 1pm-6pm & Wednesday 10am - 2pm) opportunity lor local residents on low incom6s lo access up lo £25.00 worth of food shopping for £5.OD (food products vary on a weekly basis). The pantry ¢ollaborales wlh a range of suppliers including Fareshare Cymru lo Spond lo f(x)d poverty challenges facing residents and the reduction ol food waste through the process. The pantry nurnbers continu8 lo grow as the cost of food in local SLJperm8rkels continue to inciease. The pantry has turned around our food hygiene rating that has increased fmm a rating of 1 {v. poorl lo 4 Igoodl The next inspection is March 2025 and the aim is for a 5 rating.
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) {conllnugdJ Year ended 31 March 2023 The pantry joined the steering group of Riverside Greening Project and planted vegetables in local parks which were available for picking by local residents. We launched 'Plant a Row Allotments. project wilh 15 allotments pledging vegetables lo the pantry. Insole court allotment dedicated an overgrown plol lo the panlry and we arranged volunteers from the home office lo make il planting ready. We would like lo recognise and celebrale the massive inveslm¢nt in lime and effort of our dedicated ancl valued volunteers who source food on a weekly basis frorll varsous suppliers incSuding Costco. Lldl. Aldi. Alex GoochlBrod bakeries and individual shop donations. This year we reoeived a £150 donation from the Riverside Market for dried food Supplies. C3SC Food Poverty Grant This additional funding was used lo purchase halal foodlmeal, we hosted a Ramadan breakfasl and provided some special foods e.g. walefmelon. This funding also lopped up the pantry fruit and veget8ble offer. Rlver Music This period saw the successful completion of our Arts Council of Wales funded project 'River Arts at SRCDC" giving opportunitiès for children, young people and family participation. We worked with 1750 participants and offered 567 activilies. Activities offered included wheel pottery, UV light prop and costume making th Hummadruz. banner making, animation, circus skills {wilh No Fit Slate). drumming. screen prlnling Iwilh Print Hausl. Welsh speaking Art and musl¢ workshops {th Mentor Caerdyddl. weekly Ukulele and piano class8s, modern dancelballet (with Ballet Cymru) and tho development of a young person's drama gTOUP. We worked with Umbrella Arts Colle¢tive around nderslanding artistic pro¢esses. leading to yOLsng people sharing a gallery space with established artisls. We look large groups of children wth family members lo the Sea Monsltrr environmental Arts inslallalion in Weston Super Mare and a visit lo the Roman Baths. We staged a s8ries of aller school music sessions In Kitchener Rd. Prfmary School including Djembe. Bollywood and tradilional Hindustani folk singing and tabla drumming workshops. All reflecting the cu11ur81 mix of the pupils and facilitators largely from wlh our own communities in Rivorside. The musical side of the project continued the development of professional, semi professional artists and beginners of all ages and through our endeavours provided recorded oulpul, some of which has contributed to River providing 3 songs from Arabic. M8ndinka and Hindi to the Welsh school ¢urriculum. The recordings wll also contribute to the eventual relaase of 8 PRS funded EP that River ar& currently completing. An 8xtension of the project supported more live River performancas al St Davids Hall's 40th celebration Iwhero we look over an entire floor of the buildSngl) and a performance al Wales Millennium Canlre. We were also fortunale enough lo be able lo curate and perform al the Riverside Festival. which is a yearly Community evtsnl that is becoming more and more inclusive and represenlalive of all the communities in Riverside. We held 4 Raga workshops to study Hindustani Classical form and we look African road Irlps to Cwrnbran and Pontypool and Pontypridd. We are very grateful lo Arts Council Wales for this support enabling us to continue our work. Since August 2022 we have also been in re¢eipl of Alsain Youth Music funding lo support young People in the area, helping lo further sustain Ukulele, piano, dr8ma and arts classes for young people with 45 children par week benefit from these classes and holding sound technology sessions at the Youth club.
South Riverside Community Development Centre Limlted Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (Contlnued) Year ended 31 March 2023 C3SC - Warm Spaces & Soclal Isolatlon With these granls we were able lo offer a range of different activities lo invite the community into the buildings lo keep warm and reduce isolalioll. We ran Salsa sessions, Homeworf( Club and revision sessions, Art Club and a Cuppa and Chal sessions. Rlverslde Warehouse Renovation (fundèd by Welsh Government, Community Facilitl8s Grant and varlous partners) The community building known locally as the Riverside Warehouse has been transformed into a modeTn, light. airy building lo make il into a multi-functional resource for the community. This was funded primarily by Ihe Welsh Govemment through the Community Facilities Grant and a range of funders and partners including., B&Q, Street Games Moondance and Tafl Housing and we are very appre¢ialive of this support. Willis Construction undertook the renovation from January- April 2023 and a huge thank you lo Willis Conslruclion, as they fund-raised for a defibrillator to be placed oulslde the Warehouse for the community of RIVerse. The building was officially re-opened on Friday 22nd September 2023 by the First Minister of Wales. Mark Drakeford Ms and attended by over 100 community members and partner organisalions. Thls building moving forward wlll b8 avallable for hlre for prjvale funcllons, ESOL Classes. cooklng and sewing workshops, meetings and celebration events.
South Riverslde Community Development Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) (contlnued) Year ended 31 March 2023 Flnancial revlèw The charity hos continued lo develop il financial Policies and rnanagemenl during 2022-23. South Rlverside Community Development Cenlre received various sources of income durlng the year including £300.000 from Welsh Gov&rnmenl lo refurbish The Warahouse in Machen Place. 11 will continue lo build on ils strategic policy of developino and Improving the diversity of ils income streams. The charity conducts ils core acliwlies from ils main building in Brunel Slreel, a freehold building which il owns. Th8 Wyndham Street Centre and The Warehouse are kx>lh leased from Cardiff Council. The charity is reporting a surplus of £329,835 for the year ending 31 March 23 compared to a deficit of £57.539 for the previous year. Warahouse Rafurbishment Fund Included in restricted income is £336,668 received for funding towards bulldino improvements lo the warehouse: Welsh Government Street Games Moondan¢e B&Q £300,000 £10,000 £20,000 £6,668 The expendilure relating to the building improvemenvs funding lolalllng £303,960 has bean capi18llsed in the Statemenl ol Finan¢ial Position. The building can be used for th8 Charilvs general activity, the restriction has been satisfied upon full expenditure and completion of lh8 project. therefor& the fund has been transferred to an unreslri¢led designated building improvements fund as at the year entj. Unrestricted Funds The lolal unreslricled funds at the year-end amount to £453,83312022- £109,029). Thls is split between general unrestricted fund3 of £104.705 representing the Charitls free reserve. a general Pantry fund of £1247, a designated general building improvement fund of £50,000 and an UnstriCted designated warehouse refurbishment fund of £297,881, representing the Historic Nel Book Value of restricted capital expenditure on building improvtrments lo the warehouse. Please refer lo note 20 of the financial stalemenls. Ros8rves Pollcy The ¢harily holds £757.723 in reserves Compared to £427.887 in the prevlous year. The Tesorves are Classifi as £453,833 unrestri¢led and £303,890 restricted. 11 is the policy of South Riverside Community Development Centre to hold sufficAenl reseNes to cover at least 6 months operational costs plus polenlial redundancy costs. The charity has calculated the unrestricted resetwes target as £54,861, Iherefore the unreslricled reserves of £453,833 are ¢urrenlly sufficient. Officers and Trustees will continue to review and monitor the reserves target and levels.
South Riverside Community Development Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (Coniinued) Year ended 31 March 2023 Small company provisions This report has baen prgpared in accordance wlh the provisrons applicable lo companies entitled to the small companies exemption. and signed on behalf of the LK)ard of Iruslees by.. K Barker Trustee io
South Riverside Community Development Centre Limited Company Limited by Guarantee Independent Examlnerfs Report to the Trustees of South Riverslde Community Development Centre Limited Year ended 31 March 2023 S report lo the trustees on examination ol the financial slalements of South Riverside Community Development Centre Limited I'lhe eharityl for the year ended 31 March 2023. Respon51bilitles and basls of report As the trustees of the company land also its dire¢tors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordan with the requlrem8nls of the Companles Act 20061.lhe 2006 Act,). Having satisfied myself that the accounts of the company are not requiwd lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examin81ion of the charily's accounts as carried oul under seclion 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under sectson 145151{b) of th8 2011 Act. Independent examlner's Statement Since the chariws gross in¢cme exceeded £250,000 your 8xaminer must be a mèmber of a body listed section 145 of the 2011 Act. I confirm that l am qualified lo undertake the exan)Inatlon because l am a member of tha Institute of Chartered Accounlanls in England and Wa16s IICAEW). which is one of the listed bodies. I have comete my examination. l ¢onfirm that no matters h8ve come lo my attention in connection wllh the examination giving me cause lo believe-. accounting records were not kept in respect of the charity as reqUId by section 386 of the 2006 Act., or the financial slalemenls do not accord with those records., or the financial slalements da not comply wilh the accounting requirements of section 396 of the 2006 Acl other than any requirement that the a¢¢ounts give a 'true and fair. view whi¢h is not a matter considered as part of an independent ex8mination: or the financial statements have not been prepared in accordan¢e with the methods and prinGiples of the Slalement of Recommended Practice for accounting and reporting by charities applicable to charilies preparing their accounts in accordance vith the Financial Reporting Sndard applicable in the UK and Republic of Ireland IFRS 102). 11
South Riverside Community Development Centre Limited Company Llmited by Guarantee Independent Examiner's Report lo the Trustees of South Riverside Community Development Centre Limited (conllnu8d) Year ended 31 March 2023 I hav8 no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding DI Ihfj accounts lo be reached. Philip Harris Independent Examiner 144 Walter Road Swansea SA15RW 12
South Riverside Community Development Centre Limited Company Llmited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 Mar¢h 2023 2023 Restricted funds Total funds 2022 Unreslricled funds Total funds Not6 In¢ome and endowments Donations and legacies Olher trading acllvities Investmenl income 42,535 97,807 514 617,186 659,721 97.807 514 391,903 60,473 Total Income 140,856 617,186 758,042 452,376 Expéndlture Expenditure on charitable activitiès Total 8xpanditure 119,592 119,592 308,615 428.207 509,915 308,615 428,207 509,915 Net Sncomel{expendlturel 21.264 308,571 329.835 157,5391 Transfers betW88n funds 323,539 1323.5391 Net movoment in funds 344,803 {14,968) 329,835 157,5391 Reconclllatlon of funds Total funds brou9hl forward Total funds carrlèd fOard 109,030 453,833 318,858 303.890 427,888 757,723 485,426 427,887 The sla18ment of financial aclivilie5 includes all gains and losses recognised In the year. All income and expenditure derive from continuing 8¢tivilies. The note¥ on pages 17 to 33 form part of these Ilnan¢lal statement$. 13
South Riverside Community Development Centre Limited Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Not8 Fixed assets Tangible fixed assets 14 418,200 124,304 Current assets Stocks Debtors Cash al bank and in hand 15 200 54,059 352.989 200 23,001 313,766 336.967 407,248 Credltors: amounts falling duè within on8 year Net Current assets 17 67,725 33,384 303,583 427,887 339.523 Totsl assets l&ss ¢urrent liabilÉties Net assets 757,723 757,723 427.887 Funds of the charlly Restricted funds Unreslricled funds 303,890 453,833 757,723 318,858 109.029 427.887 Total charlty funds 20 For the year ending 31 March 2023 the charity was 8nlilled lo exemptlon from audll under se¢lion 477 of the Companies Act 2006 relating to small companies. Directors, SpOnsibl11t1es- The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with seclion 476.. The dire¢lors acknowledge their responsibilities for complying with the reouiremenls of th6 Act with respect lo a¢¢ounling records and the proparalion of financial slalemenls. These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject lo th& small companies, regime. The statement of financial position continues on the following page. The notes on page$ 17 to 33 form part of these f4n8nclal Statements. 14
South Riverside Community Development Centre Limited Company Limited by Guarantee Statement of Flnancial Position i¢onlinuèdJ 31 March 2023 The inan ial slalemenls were approved by the board of Iruslees and aulhorised for issue on and are signed on behalf of the board by.. K Barker TrLJStee Included in the £453,833 unrestricted resèrves is designaled reserves for building improvements of £347,8811£297.881 Warehouse, £50,000 general). The notes on pages 17 to 33 form part of these flnancial statements.
South Riverside Community Development Centre Limited Company Llmited by Guarantee Statement of Cash Flows Yèar ended 31 March 2023 2023 2022 Ca$h flows from operating activitie$ Nel incomel(expendilurel 329,835 157,5391 Adjustments for.. Depreciation ol tangible fixed assets Government grant income Other interest receivable and similar income Accrued expenseslllncomel 10,064 3,010 16.1611 (5141 19,664 15,9771 Changes in.. Trade and other debtors Trade and other creditors (7,9161 18,4651 342.668 110.6221 4,332 {72,9571 Cash generated from operations Inlere81 received 514 Nel cash frornllused inl operating acliviliès 343, 182 172.9571 Cash flows from Investing a¢tlvlties Purchase of tangible assets N81 cash used in inv8sfjng aclNlties (303,9601 1303.9601 {4,2891 14,2891 Cash flows from financing a¢tivities Govemrnenl grant income Nel cash from financing acliwlies 6,161 6,161 Net Increaselldecreasel in cash and Gash equivalents Cash and cash equlvalents al beginning of year Cash and cash equivalents at end of year 39,222 313,766 352,988 171,0851 384,851 313.766 The notes on pages 17 to 33 form part of these flnancial statement5. 16
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General Informatlon The charlty is a public bènefil entity and a prlvate company limited by guarantee, registered in England and Wales and a reglslered charity in England and Wales. The address of the registered office Is South Riv8rslde Community Cgntre, Brunel Street, Riverside, Cardiff, CF116ES. Statement of compllance These lir¥an¢ial slalements have been prepared in compliance with FRS 102, 'Ths Financial Reporting Standard applicable in the UK and the Republlc of Ireland,. the Slalement of Recommended Practice applicable lo charities preparing their a¢coLJnts in accordance with the Financial Reporting Standard applicable In Ihe UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting pollclès Basls of preparation The financial statements have been prepar8d on the historical cost basis, as m(xJifled by the revaluation ol certain financial assets and liabilities and investment properties measured al fair value through incom& or expenditure. The financial sl8lements are prep8r8d in sterling, which is the functional currency of the enllty. Going Concern There are no matèrial uncertalntios about the charitls ability to continue. Judgements and key sources of estimation uncertalnty The preparation of the financial statements r8quires rnan8gament lo make judgements. estimates and assumpllons Ihal affect the amounts reported. These estimates and judgements are continually revi8wed and are based on experience and other factors, including gxpe¢lalions of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use al the dSscretion of the Iruslees lo further any of the charills purposes. Designated funds are unrestricted funds earmarked by thè trustees for parti¢ular future projed or commitment. Restricted funds are subjected to restricllons on Iheir expenditure declared by the donor or through Ihe terms of an appeal. and fall into one of Iwo sub-classes.. reslricled income funds or endowmènt funds. 17
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements Iconlinued) Year ended 31 March 2023 Accounting policies (¢oniinuerl) Incoming resources All incoming resoLJrces are included in the statement of financial activities when enlill&menl has passed lo the charity,. il is probable that the economic benefits associated the transaction will flow to the chaiily and the amount can be reliably measured. The following specrfic policies are applied lo particular ¢alegories of in¢ome'. income from donations or grants is recognSed when Ihere18 eviden of enlillemenl to th& gift, receipt is probab16 and ils amount Can be measured reliably. legacy incomo is recognised when receipt is probable and entiuemenl is established. income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably, in which case Ihe value is derived from the cost to Ihts donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the v21ue can be reliably measured. No amounts are included lor the contribution of general volunteers. in¢orne from conlr8¢ts for the supply of services is recognised wth the delIry of the contracted servi. This is classified as unrestricted funds unless there is a contractual requirèment for it to bé spent on a particular purpose and returned if unspènt, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an acuuals basis as a liability is incu¥red. Expenditure includtss any VAT which cannot be fully re¢oveied. and is classified unde¥ headings of the slalement of financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundraising aclivilies. events, non- charitable trading a¢tivilies, and the sale of donated goods. expendiluTe on charitable acllvilies in¢ludes all costs incurred by 8 charity in undertaking activities that further ils chariiablo aims for the benefit of its ben&fi¢iaries, inclucling those support costs and costs relating lo the governance of the charity apportioned lo ¢h8ri12ble activities. other expenditure includes 811 expendllure that is neither related to raislng funds for the charity nor part of ils expenditure on charitable activIes. All costs ara allocated lo expenditure calegori6s reflecting thè use of the resource. Direct costs allributable lo a single activity are allocated direcvy to that a¢l¢vity. Shared costs are apportioned etn the activities they contribute to on a reasonable, justifiable and consbstent basis. Tanglble a8sels Tangible 8ssels a initially recorded al cost, and subsequendy stat8d al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are r6¢0rded al the lair value at the dale of revaluation less any subsequent acoumulaled depreciation and subsequent accumulated impairment losses. 18
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financlal Statements (continued) Year ended 31 March 2023 Accounting policies (conllnuedl Tangible assets (¢ontlnued) An increase in th8 carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of linancial activits"es. A decre8se in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, ex¢ept to which it offsets any previous revalualion gain, in which case thè loss is shown wslhin other recognised gains and losses on the stalemant of financial activities. Depreciation Depreciation is ¢alculaled so as lo write off the cost or valuation of an asset. less ils res1dual value, over the useful economlc life of that asset as follows.. 1 Oh straight line 25010 slraight line 25tsA slraighi line 2% slraighl linè Freehold property Fixtures and fittings Equipment Warehouse Improvements Impalmiont of fixed assets A revitsw for indicalors of impairment is carried out al each reporting dale, wth the recoverable amount being eslimaled where such indicators exist. Where Ihe carrying value exceeds the recoverable amount, the asset is irnpaired accordingly. Prior impairments are also reviewed for possiblo reversal at each reporting date. For the purposes of impairment testing, when it is not posslble lo esiimale the re¢overable amount of an individual asset, an estimate is made of the recov&rable amount of the cash- generating unil lo which the asset belongs. The ¢ash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assots. For impaimienl lesling of goodwill, the gcx)dwill acquired in a business combination is, from the acquisition date, alloc81ed to each of the cash%eneraling units that are expecled lo benefit from the synergies of Ihe combination. irrespective of whether other assets or Siabililies of th6 charily S assigned to those units. Slocks Stocks are measuréd al the lower of cost and esllm8ted selllng price less costs lo complete and sell. Cost includes all ¢osts of purchase, costs of conv8rsion and other costs incurr&d1n bringlng the sto¢k to ils present location and ¢ondition. Government grants Government grants are recognised at the fair value of the asset received or receivablè. Grants are not recognised until there is reasonable assurance that the charity will comply w*th the conditions attaching to them and Ihe giants wi11 be rtsceived. 19
South Riverside Communlty Development Centre Limited Company Limited by Guarantee Notes to the Financial Slatements (conllnu6d? Year ended 31 March 2023 Accounting policies (¢OAJflnu8d) Government grants Intinued) Where the grant does not impose specified future performancts-related ¢ondilions on the recipient, il is recognised in income when the grant proceeds are received or receivable. Where the grant does imwse specified future performance-relalod condilions on the recipient, il is recognised in income only when the perfOrmanelated condilions have bean met. Where grants received aro prior to sausfying the revenue recognition ¢rileria, they are recognised as a Financial Instruments A financial asset or a financi81 liability is recognised only when the enlily bècomes a party to the conlraclual provisions of the inslrumenl. Basic finan81 Instruments are initially recognised at Ihe amount receivable or payable including any related transaction Costs, unless the arrangemenl conslilules a financing transaction, where il is recognised at the present value of the future payments discounted al a market rate of Interest for a similar debt instrument. Current assets and current liBbililies are subsequenlly measured al the cash or other consideration expected to be paid or received and nol disoounled. Debt inslrumenls a subsequently measured al amortised cost. Deflned conlrSbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related SeN1 is provided. Prepaid contributions are recognised as an asset lo the exlenl that Ihe prepayment will lead lo a reduction in future paymenls or 8 cash refund. When contributions are not expected lo be sellled wholly wllhin 12 months of the end of the reporting dale in which the employees render the relaled service, Ihe 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. Llmlted by guarantee The company is limited by guarantee and does not have a share capital. The liability of the members in the event of the company being liquidated is limited to £1 per member. Donatlons and legacles Unreslricled Funds R8slricted Total Funds Funds 2023 Donatlons Donations 1,T72 1.772 20
South Riverside Community Development Centre Limited Company Limlted by Guarantee Notes to the Financial Statements (contlnuèd) Year ended 31 March 2023 Donations and lega¢lès (¢onllnuedJ Unrestricted Funds Rèstricted Total Funds Funds 2023 Grants Lottery- W6 Can work it out Henry Smith Foundation Cardiff Council Youth Innovatlon Cardiff Council - Street Games Cardiff Council - Summer of Smiles Cardiff Council - Winter of Wellbeing Cardiff Council- Playworks Holiday Fund Cardiff Council St Davids Hall WCVA Landfill Disposal Tax Communities Scheme Heritage Fvnd Slraèt Gamey UK River Music Arts Council of )Nales- River Music Operasonic Cyr- River Music Lullaby Project River Music- Neighbourly giant Atsain - River Music OPCW - Lived Experience Project Te¢hniquesl- Arts & Wellbeing Riverside Festival Cardiff University Innovalion Fund Awards for All The Prince of Wales Community Fund Community & Wellbeing Serwce Bevan Foundation- Resoarch Proj8cl WCVA- Improve & Thrive Ace- Food for Life C3SG- Food PoveTIy C3SC- Move More Eat Well C3SC- Warm spaces income C3SC Loneliness & Isolation C3SE- Money Wise Income C3SE- Summ6r of Fun BBC Children in Need The Waterloo Foundation Paul Hamlyn Foundation Western Power Granl B&Q Foundation PRS Foundation Welsh GoveTnment Galdlff Council-sanitary Products Moondance Foundation Community Fund Wal85- Go for Girls Aviva Community Fund Government granl income 1,713 5,279 7,500 11,7131 24.721 47.500 3,424 30,000 55,000 3,424 264 36 3,068 2,000 3,303 28,741 10,000 1,818 18.194 1,050 300 3,952 2,000 3.303 41,001 10,000 2,280 25,652 1,100 12,260 462 7,458 50 320 400 5,080 2,540 2.000 500 2,909 9,95(1 1,500 1,404 5,400 2,940 2.000 500 2,909 9,950 1,500 1,404 s,000 4,688 2,944 1,500 1,496 1,249 6,538 9.965 5,000 4,688 2,944 1,500 1,496 2,430 7,000 9,965 1,181 462 74.800 7,388 6,668 4,925 300.000 2,000 20,000 74,800 9,918 6,668 4,925 3),000 2.000 20,000 2,530 42,535 617,186 659,721 21
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements {Gonfinued) Year ended 31 March 2023 Donatlons and legacles fcontlnued) Unrestricted Funds Rèslri¢led Total Funds Funds 2022 Donations Donations 639 639 22
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financlal Statements l¢onllnued) Year ended 31 March 2023 Donations and legacies (contlnued) Unreslricled Funds Reslri¢led Total Funds Funds 2022 Grants Lollery- We can work it out Henry Smilh Foundation Cardiff Council Youth Innovation Cardiff Council - Street Games Cardiff Council - Summer of Smiles Cardiff Council- Winter of Wellbeing Cardiff Council - PlawoTks Holiday Fund Cardiff Council Sl Davids H¥ll WCVA Landfill Disposal Tax Communities Scheme Heritage Fund Street Games UK River Music Arts Council of Wales- River Music Operasonlc Cyf- River Music Lullaby Project River Music- Neighbourly grant Atsain- River Music OPCW - Lived Experience Project Techniquest- Arts & We11being Riverside Feslival Cardiff University Innovation Fund Awards for All The Prince of Wales Community Fund Community & Wallbeing Sarwce Bevan Foundation - Research Project WCVA- Improve & Thrive Ace - Food for Life C3SC - Food Poverty C3SC- Move Mor¢ Eat Well C3SC- Warm spaces income C3SC Loneliness & Isolation C3SE- Moneywise Income C3SE- Summer of Fun BBC Children in Need The Waterk)o Foundation Paul Hamlyn Foundation Weslern Power Grant B&Q Foundation PRS Foundation Welsh Governmtsnl Cardiff Counci1-Sanilary Products Moondance Foundalion Community Fund Wales - Go for Girfs Aviva Community Fund Government grant income 10,544 3,192 3.200 95,082 56,608 36,800 1,696 2,900 10,000 5,789 105,626 59,8DO 40.000 1,696 2,900 10,000 5,789 1,057 5,260 40,601 6,317 40.601 20,250 1,100 1.QOO 20.250 1,100 1,000 17.604 4,928 17,604 4,928 2,571 7,612 12,5711 2,822 3.875 10,434 3.875 9,183 20.000 9,183 20,000 4,000 4,000 124 1124) 20.000 6,161 362,964 20,000 6,161 391,903 28,939 23
South Riverside Community Development Centre Limiled Company Limited by Guarantee Notes to the Financial Statements iconllnued) Year ended 31 March 2023 Other trading activities Unrestricted Total Funds Unreslricled Totsl Funds Funds 2023 Funds 2022 Rental Income Other Income The Pantry Membership 51.053 32,025 14.729 51,053 32,025 14.729 97.807 42,207 9,174 9.092 42,207 9,174 9.092 60,473 97,807 60,473 Investment income Unreslricled Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Bank interest receivable 514 514 Expendlture on charitable actlvltles by fund type Unrestricted Funds Reslricled Total Funds Funds 2023 Activity type 1 Support cos18 119,592 308,615 428,207 119,592 308.615 428,207 Unrestricted Funds Restricted Total Funds Funds 2022 Activity typè 1 Support costs 114,280 627 395.008 509,286 629 114.907 395,008 509,915 Expendituro on charitable activitles by activity type Activilles undertaken Total funds directly 2023 Total fund 2022 Activity type 1 428.207 428,207 50S,286 24
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedl Year ended 31 MarGh 2023 10. Net incom&l{expendlturel Nel incomellexpendilurel is stated after chargingllcredilingl.. 2023 2022 DepreGiallon of langiblo fixed assets 10,064 3,010 11. Independent examlnatlon fees 2023 2022 Fees payable lo the independent examiner for.. Independent examination of the financial statements 4,000 3,000 12. Staff costs The total staff costs and employe8 ben6fils for tha reporling period are analysed as folk)ws'. 2023 2022 Wages and salaries Employor conlribulions lo pension plans 210,971 6,803 217,774 276,526 8,424 284,950 The average head count ol employees during the year was 35 {2022.. 331. The average number of full-time equivalent employees during th¢ year is an8lysed as follows.. 2023 2022 No. Senior Manager Project Manager Projecl Officers CrecheNoulh Workers Clean8rl Caretakers 10 13 21 35 33 No employee recelved employee benefits of more than £60.000 during the year12022.. Nil)- 13. Trustee remuneratlon and expen$as No remuneration or olher benefits from employment with Ihe charty or a rel8ted entity were recèived by th6 trustees In the year. 25
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements {conllnu6dJ Year ended 31 March 2023 14. Tangible fixed assets Property Improvomen Is FehOld Fixtures and properly fittings Equipment Total Cost At 1 4)ri12022 Additions 198,125 66,361 32.698 297.184 303,960 303,960 303.960 At 31 March 2023 198,125 66,361 32,698 601,144 Depreclatlon Al 1 April 2022 Charge for the year At 31 March 2023 84,243 1.699 62,472 432 26,165 1,854 28,019 172.880 10,064 6,079 6.079 85,942 62,904 182,944 Carrylng amount At 31 March 2023 112,183 113,882 3,457 4,679 297,881 418,200 124,304 At 31 March 2022 3.889 6,533 15. Sto¢ks 2023 2022 Raw materials and consumables 200 200 16. Dabtors 2023 2022 Trade dablors Prepayments and accrLJad income Other debtors 8,871 31,172 14,016 54,059 13,331 7,214 2.456 23,001 17. Creditors= amounts falllng due wlthin one year 2023 2022 Trade creditors Accruals and deferred income WCVA Loan Other ¢dItorS 4,235 48,540 6.136 5,734 17,390 4,124 33,384 14,950 67,725 26
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conllnuedl Year ended 31 March 2023 18. Penslons and oth&r post retirement benefits Dafined contrlbution plans The amount recognised in income or expenditure as expense in relation lo defined conlribulion plans was £6,803 {2022.' £8,424). 19. Govèrnm&nt grants The amounls recognised in the financial statements for government grants are as follows.. 2023 2022 Recognised in incorne from donations and legaci&s'. Government grants income 6,161 20. Analysis of charitable funds Unrestricted funds At 31 March 202 Al 1 Aprll 2022 Income Expenditure Transfers General funds The Pantry Warehouse Refurbishmenl Fund General Building Improvements Fund 102.694 6,336 123,856 17,000 {85,0851 {28.4281 136,7601 6.339 104,705 1,247 16,0791 303,960 297,881 50,000 50,000 109.030 140,856 1119,5921 323,539 453,833 At 31 Mar¢h 202 Al 1 April 2021 Income Expendilure Transfers General funds The Pantry Warehouse Refurbishment Fund General Building Improvements Fund 98.835 80.181 9,231 181,614) 133,293) 5.291 30,398 102,693 6,336 98,835 89,412 1114,9071 35,689 109.029 27
South Riverside Community Development Centre Limited Company Limlted by Guarantee Notes to the Financial Statements (¢onfinued) Year ended 31 March 2023 20. Analysis of charitable funds (contlnuéd) Rastrlcted funds At 31 March 202 Al 1 April 2022 Income Expenditure Transfers Lollery- We can work it oijt Henry Smith Foundation Cardiff Council - Youth Innovation Greening Riverside 33.211 27,162 (1,7131 24,721 {29,6471 {34,110) {1,851} 3,237 21,010 10.114 47,500 134,1311 12,2521 21,231 WCVA Good Things Foundation BT Skills River Music Riverside Festival The Pantry Lets Interpret Bevan Foundation Research Project WCVA- Improve & Thrive After School Club Ace- Food for Life The Sewing Project C3SC - Comic Relief Em8rgoncy Fund Ace - Food Power Generation Cardiff Coun¢il- Sanitary Products Moondance Foundation Lollery- awards for all 3,303 13,3031 2,571 2,319 2,920 {5001 13.148) {2,6291 {2,071) 418 1.818 500 1.407 791 15,763 110,0241 1,581 7.320 1,116 (1011 11.0151 5,342 11.8941 13,448) 2.169 5,000 {1,3811 14,669) 1,139 3,658 13,6581 4,170 14,1701 51 2,000 20,000 (2,0101 {411 120,000} 6,529 {1,3121 5.217 28
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (continu) Year ended 31 March 2023 20. Analysis of charltable funds l¢onllnuedJ Cardlff University {ERSFI Community Fund Wales Go for Girls Reach Project Awards for Al- Womens Chat Story Musetjm Aviva CoTllmunily Fund Arts Counicl of Wales River Music River Music Lullaby Project River Music- Neighbourly grant Cardiff Counul - Street Games Cardiff Council- Summer of Smiles Cardiff Council - Winter ol Wellbeing BBC Children in Need The Waterloo Foundation Cardiff Council Plaworks Holiday Fund Ycpp Cardiff Council . St Davids Hall Street Games UK Heritage Fijnd Greening Phase 2 Paul Hamlyn Foundalion Western Power- Improve & Thrive B&Q Foundation - Warehouse Improv&menl PRS Foundation Welsh Governmènt- Warehouse Refurbishment C3SC - Food Poverty Grant C3SC - Move More Eat Well C3SC- Warm spaces C3SC Loneliness & Isolation 2J,000 118,3261 {1,6741 17,820 18,194 136,225) 5.000 4,789 1.100 1,050 12.1501 1,225 3,424 11,6491 3.OQO 6,551 2.224 36 9,965 14,3601 18,4971 2,227 3,692 20.000 120,0001 3.068 12,1871 881 2,000 10,000 2,000 110.0001 34,723 28,741 74.800 160,6601 2,804 74.800 7,388 17.237) 11511 6,668 4,925 16.6681 12,1651 2,760 300,000 1267,2921 32.708 4,688 (4.6881 2.944 1,500 12,9081 11,4621 38 1,496 {1,4061 90
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlntsedJ Year ended 31 March 2023 20. Analysls of charitable funds (contlnuedj C3SE- Money Wise C3SE- Summer of Fun- Youth Innovallon C3SE- Summer of Fun- River Music Atsain- River Music OPCW- Lived Experience Project Techniquest Giant- Arts & Wellbeing WCVA- Other HMRC JRSG Building Fund 1,249 11,2491 5,000 12.2521 (2,748) 1,538 5,080 {1,1201 13,254) 14181 1.826 2,540 12,30DI 240 2,000 (3001 1,700 113.883 11,6991 1308,6151 1323,5391 112.184 303,890 318.858 617,786 Al 37 March 202 At 1 April 2021 Income Expenditure Transfers Lottery- We can work il out Henry Smith Foundallon Cardiff Council Youth Innovation GenIng Riverside WCVA Good Things Foundab'on BT Skills River Music Riverside Festival The Panlry Lets Inlerprel Bevan Foundalion Research Project WCVA- Improve & Thrive Aftèr Schwl Club Ace- Food for Life The Sewing Project C3SC- Comic Relief Emergency Fund Ace- Food Power Generation 78,599 28,437 95,094 56,608 1137,4821 157,7321 13,0001 {1511 33,211 27,162 10.784 36,800 {37,4701 10,114 10,361 5,259 115,621) 4,321 4,974 798 28,817 326 11.7501 12.6551 115.4821 2,571 2,319 2,920 17.604 128,8171 4.289 4,928 19,543} 20,483 12,5711 116,7961 1,116 40,185 1,863 1,125 2,591 2,821 141,3741 11,6631 12,8311 1101 3,710 5,342 3,875 2.169 12.5811 4,000 (3421 3,658 5,720 11,5501 4.170 30
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conlinuedl Year ended 31 March 2023 20. Analysis of charltable funds (contlnued) Cardiff Council Sanitary Products Moondance Foundation Lottery- awards for all Cardiff Universlty 63 4,000 (3.9491 1631 51 8.858 {1.3121 11.0171 6,529 (ERSFI 4,082 13.4801 16021 Community Fund Wales Go for Girls Reach Project Awards for All - Womens Chat Story Museum Aviva Community Fund Arts Counicl of Wales River Mtjsic River Music Lullaby Project River Muslc- Neighbourfy grant Cardiff Council- Street Games Cardiff Council- Summer of Smiles Cardiff Council Winter of Wellbeing BBC Children in Need 7,279 1.797 {1241 {7,7081 553 11.797) 604 45 16041 1451 20,000 20,000 20,250 12.430) 17.820 1,100 1,100 1,000 19351 165) 1,696 1471) 1,225 2.900 12.9001 10,000 9,183 {3,4491 16.9591 6.551 2,224 31
South Rlverside Community Development Centre Limited Company Limited by Guarantee Notes to the Flnancial Statements (¢Onllftuedl Year ended 31 March 2023 20. Analysis of Qharilable funds {¢ontinuedl The Waterloo Foundation Cardlff Council Playworks Holiday Fund Ycpp Cardjff Council- St Davids Hall Street Games UK Heritag& Fund Greening Phase 2 Paul Hamlyn Foundation Western Power- Improve & Thriv6 B&Q Foundation- Warehouse Improvement PRS Foundation Welsh Govemmenl- Warehouse R6furbishmenl C3SC - Food Poverty Grant C3SC- Move More Eat Well C3SC- Warm spaces C3SC Loneliness & Isolation C3SE- Moneywise C3SE- Summer of Fun- Youth Innovation C3SE- Summer of Fun- River Music Alsain - River Music OPCW - Lived Experience Project TechniqLJesl Grant- Arts & Wellbeing WCVA- Other HMRC JRSG Building Fund 20,000 20.000 5,789 15,3861 14031 40,601 15,8781 34,723 3,398 13,3981 6,151 16,1511 11.6991 1395,0081 117,281 386,591 11,6991 (35,6891 113,883 318,858 362,964 32
South Riverside Community Development Centre Llmited Company Limlted by Guarantee Notes lo tha Finan¢lal Statements Iconllnued) Year ended 31 March 2023 21. Analysis of net assets between funds Unreslricled Funds Restricltsd Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 300.800 220.758 167,7251 453,833 117.400 186.490 418,200 407,248 le7,7251 757.723 303,890 Unr8slricted Funds Restrictèd Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Credilors greater than 1 year Net assets 3,892 138,521 133,384) 120,412 198,446 124,304 336,967 {33,3841 109.029 318,858 427.887 22. Analysis of ¢hang8s in net debt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash al bank and in hand 313,766 39.223 352.989 33
South Riverside Community Development Centre Limited Company Limited by Guarantee Management Information Year ended 31 March 2023 The following pages do not fomi part of the flnan¢lal statements.
South Riverslde Communlty Development Centre Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Income and endowments Donations and legacies Donations Lollery- We Can work il out Henry Smith Foundation Cardiff Council Youth Innovation Cardiff Council - Street Games Cardbff Council - Summer of Srniles Cardlff Councll - Winter of Wellb61ng Cardiff Council ~ Playworks Holiday Fund Cardiff Counc¢l - St Davids Hall WCVA Landfill Disposal Tax Communities Scheme Heritage Fund Street Games UK River Music Arts Council of Wales- River Music Operasoni¢ Cyff- River Music Lullaby Project River Music- Neighbourly grant Atsain - River Music OPCW - Lived Experience Project Techniquest- Arts & Wellbeing Riverside Festival Cardiff University Innovation Fund Awards for All The Prince of Wales CommunSly Fund Community & Wellbeing Service WCVA- Improve & Thrve Ace - Food for Life C3SC - Food Poverty C3SC- Move More Eat Well C3SC- Warm spaces income C3SC Loneliness & Isolallon C3SE- Moneywise Income C3SE- Summer of Fun BBC Children in Need 1,772 639 105.626 59.800 40,000 1.696 2.900 10,000 5,789 30,000 55,000 3,424 300 3,952 2,000 3,303 41,001 10,000 2,280 25,652 1,100 6,317 40.601 20,250 1.100 1.000 5,400 2,940 2,000 500 2,909 9,9SO 1,51JO 1,404 17,604 4.928 10.434 3.875 5,OlX) 4,688 2,944 1,500 1,496 2,430 7,OlJO 9,965 9.183 Carried forward 1241.4101 1341.7421 35
South Riverside Community Development Centre Limited Company Limited by Guarantee Detailed Statement of Flnancial Actlvlties (Gontinuedj Year ended 31 March 2023 2023 2022 Brought forward (241,4101 {341,7421 The Waterloo Foundation Paul Hamlyn Foundation Western Power Grant B&Q Foundation PRS Foundation Welsh Government Cardlff Councll -Sanllary Produ¢ls Moondance Foundation Aviva Community Fund HMRC JRSG 20.000 74,800 9,918 6,668 4,925 300,000 2,000 20,000 4,000 20.000 6,161 659.721 391,903 Other trading activities Rentsl Income Other Income The Pantry Membership 51,053 32.025 14.729 42,207 9,174 9,092 97.807 60,473 Investment income Bank interest receivable 514 Total income 758,042 452,376 36
South Riverside Community Development Centre Limited Company Limited by Guarantee Detalled Statement of Financial Activitles (conlinuedj Year ended 31 March 2023 2023 2022 Exp&ndllura Expenditure on charitablè activities Wages and salaries Pension costs Rates and water Light and heat Repalrs and maintenance Insurance other establishment Other motorltravel costs Legal and professional lees Telephone Other office cosls Depreciation Equipment purchased l.T ¢osls Licenses and subscriptions Project costs Slafl recruilmenl Staff training Bookkeeping and accountancy f88S Bank charges Sundry expenses Management Charges 210.971 6,803 1,889 6.190 8,058 5,218 2.993 3,596 7,514 3,772 3,366 10,063 437 2,950 342 137,922 276 1,400 10,152 252 4.043 276,526 8,424 1,494 5,660 8,188 4,233 4,083 980 12,819 5,818 2,820 3,011 650 6,340 858 154,422 681 2.362 8,409 350 1.158 629 428,207 509.91 S Total oxpenditure 428,207 509,915 Net Incomellexpendlturèl 329,835 157,5391 37
South Riverside Community Development Centre Limited Company Limited by Guarantee Notes to the Detailed Statement of Financlal Actlvlties Year ended 31 March 2023 2023 2022 Expenditure on charitable activltl8s Activlty typ& 1 Activltiès undèrtaken diTre¢tly stall cos P6nsion $1$ Rates 210,971 6,803 1,889 6,190 8,058 5,218 2,993 3,5% 7,514 276.526 8,424 1.494 5.660 8.188 4.233 4.083 980 12,819 Repairs & malnlenance Insurance Cleaning Travel and subsistenco Legal and professlonal fees F il Telephone Printing, pos(ago and slalionery Depreciation Equiprnenl purchased l.T costs Licenses and substriplions Project costs Staff recruitment Staff training Bookkeeping and accountancy fees Bank charges Sundryexpenses 3,772 3,366 10,063 437 2,950 342 137,922 276 1,400 10,152 252 4,043 428,207 5.818 2.820 3,011 650 6.340 858 154,422 681 2.362 8,409 350 1,158 509.286 Governance costs Management d)arges 629 Expenditure on charitable activities 428,207 509,915 38