Charity registration number 1080314
Company registration number 03953683 (England and Wales)
SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
CONTENTS
Page
Chairperson's statement
Trustees, report
Independent examinerfs report
Statement of financial activities
10
Balance sheet
11
statement of cash flows
12
Notes to the financial statements
13-31

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
CHAIRPERSON'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
Chair's Introduction
As Chair of Trustees al South Riverside Communty Development Centre (SRCDC), I'm really proud to share this
annual report, which reflects another incredibly busy and inspiring year for our organisation.
We are based in one of the most diverse parts of VkÈles- something we see as a real strength. The people who live
in our community bring so much to the area.. different languages, cultures, skills and experiences. But this area also
faces big challenges. Many of our neighbours are dealing with povety, poor housing, health issues and limited
access to opportunities. That's why the work of SRCDC matters so much.
Our Young Children & Parents Project has helped children learn through play and prepare for school, while also
giving parents- many of whom are leaming English- a Chan￿ to make friends and feel part of something.
The Mobile Crèche has made it possible for parents to attend dasses and appointments, knowing their children are
safe and happy. We've supported organisations like the NHS, Red Cross and Cardiff Council by helping their
sessions be accessible to more people.
The Lunch Club has become a weekly highlight for many over-55s, with a wami welcome, great food and good
company. board games, chats. and a proper ￿0-Course meal - what more could you want?
Believelcredu continues to grow, supporting local women to build confiden￿, develop skills and explore new
opportunities. Seeing women stand up and speak at the Principality Stadium for International Women's Day was a
real moment. From digital literacy to sewing, barista training to law workshops. this project offers a wide range of
ways for women to thrive.
In Suss it Out, women are leaming practical sewing skills and creating beautifvl things, while also building
friendships and confidence.
The Wyndham Street Pantry has remained a vital support for people facing food insecurity, offering affordable
groceries and reducing food waste. It's also been great to see the connections with local veg growers, with donated
plants and produ￿ going straight to residents. Our amazing volunteers- who put in the equivalent of £50,000 worth
of time- deserve special thanks for keeping everything running. from food collections to stocking shelves.
The Youth Innovation Programme has given young people a space to grow. express themselves and build
confidence- whether through sports, creative workshops, or tackling tough topics like bullying and knife crime. The
partnership work with universities and local businesses has opened up new doors, while events like Halloween and
summer parties have broughtjoy and connection.
Resilience for Families has supported migrant families with English conversation sessions, British Citizenship test
prep, and digital skills
practical, helpful support that can make a real difference to people trying to settle and
succeed.
Let's Interp￿t is helping multilingual women t￿in as interpreters and find opportunities to use those skills in the
community. 230 hours of interpreting this year shows just how much need there is - and how much talent we have
locally to meet it.
The Fullness Projecthas been all about reducing isolation among older people through fun, creative and
supportive activities. From helping wth phone calls and letters, to baking. crafts and local trips, it's about making life
that bit richer and more connected.
Our arts work - particulady through The River Music Project- has continued to create unforgettable moments of
cultural exchange and fun. From Balkan dan￿ to Urdu calligraphy, ukulele to urban beats, our creative programme
not only entertains, but weaves stronger bonds across difference and celebrates Riverside's incredible diversity.
Radio features, public performances. and original compositions around Welsh identity and social justice have made
this a standout year.
And finally, Sustaining Grassroots Empowernient is supporting people from migrant backgrounds to get their
voices heard in local and national decision-making. That means attending consultstions, shaping policy, and
building a stronger sense of inclusion and representstion.

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
CHAIRPERSON'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
What lies all of this together is our belief that everyone deseNes dignity, opportunity and connection. Whether il's a
hot meal, a sewing workshop. a music session or a chance to speak up. SRCDC helps create spaces where people
feel seen. heard and valued.
Thank you to our brilliant staff. volunteers. partners and of course the residents who come through our doors every
day. The strength and warmth of this community is what makes everything possible. Here's to another year of
working together, learning from one another, and making a difference-one small step at a time.
Chairperson
Date:

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Igoveming documentl, the Companies Act 2006 and "Accounting
and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
(effective 1 January 2019).
Objectives and activities
The charity's aims are to..
Advance the education of the public in matters related to mental, physical, cultural and social welfare.
Relieve povety.
Strategic aims
Our strategic aims- the interrelated means by which we ￿fj11 achieve our mission are"
To foster the empowerment of individuals and groups through providing information, facilitating involvement
in issues that affect their lives through supporting community organisation and developing skills, and acting
as an independent, representative voice for the ￿MmunIty.
Ensure aC￿sS to services, facilits'es and opportunities ne￿SSary for the social and economic development,
health and wellbeing.
Develop strong cross-cultural relationships which recognise, value and celebrate the multicultural makeup
of our community. We aim to achieve this by supporting cultural activities within each community,
encouraging sharing be￿een cultures and promoting understanding and ac￿ptanCe, which will benefit our
diverse communities.
The centre operates with the following values and pro￿sseS to 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.
Participation
Facilitating democratic involvement by people in the issues, which affect their lives, based on full citizenship,
autonomy, and share power, skills, knowledge and experien￿.
Equality
Challenge the attitudes of individuals and the practices of institutions and society that discriminate against and
marginalise people.
Learning
Recognise the skills, knowledge and experience that people contribute and develop by taking action to tackle social,
economic, political and environmental issues.
Co-operation
Work together lo identify and implement action, based on mutual respect of diverse cultures and contributions.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they
should undertake.

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
Young Children & Parents Project (YCPP)
The YCPP has continued to run a toddler group 2 days a week during the school term, which is funded by Children
in Need. We have 12 families registered with children aged O-5 who attend these sessions, the majority of whom
have English as a second language. The children learn through play and all the activities we select for them aids in
their development and prepare them for starting school.
During the school half terms and summer holidays the YCPP also puts on sessions for children 7 to 14 years old.
There is a variety of activities such as arts & craft sessions, sporting activities and activities that celebrate cultural
diversity.
Mobile Creche
We also provide a mobile creche facility where we can supply trained workers and equipment to provide quality
childcare for parents who are attending dasses and activities run by a range of cross sector organisations. This
year we have provided regular childcare for The Red Cross, NHS Dietetics team and fa￿ painting sessions for
Cardiff Council.
Lunch Club (funded by the National Lottery)
In October 2023, South Riverside Community Development Centre (SRCDC) started a lunch club for local residents
who are over 55 years old. The lunch club takes place every Thursday aftemoon and is a good place for people to
meet up, chat and play board games and a range of engaging activities. They have a 2-course meal that is freshly
cooked using seasonal vegetables. The lunch club regularly caters for about 30 people each session.
Believelcredu (funded by Henry Smith)
The project has been providing employment and training support to women from ethnic minority communities that
are over 25 years of age in our area of benefit. It is ftjnded until January 2026.
The project has partnered with several agencies to overcome challenges and barriers such as transport, language
and work experience.
The project successfully recruited its target participants and mostly participants coming through the door were
asking for support with English language development and reading and writing.
A celebration of the women's achievement was facilitated at the Illales Principality Stadium as part of International
Women's Day and this helped the women reflect on their personal development, distance travelled and has
increased their confiden￿. During the event they presented in front of a large audience in their second language
(English).
The project has developed from strength to strength and on a regular basis is offering the following,. Get cooking
classes, Read and Mfvite sessions, sewing, recyding, digital literacy and a weekly Friends and Neighbours (FAN)
Group.
The Project has developed positive partnerships with Cardiff Council to deliver the Barista Training, Pedal Power
who have facilitated work experience and Cardiff University to deliver a series of courses including Introduction to
Law, Human Rights and Social Care. Cardiff Metropolitan Universities- Reaching Wider have supported SRCDC in
developing and delivering the Read and Wfrite Model.
Suss it Out
Suss it Out is funded by the Community Foundation Wales and provides ￿lce {Tuesday & Thursday} weekly sewing
workshops that include 3D embroidery workshops. basic and advanced sewng skills, which includes basic
alterations, stitching and working wth different materials. The project engages an average of 6-8 women per
session.

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Wyndham Street Pantry
The Wndham Street Pantry provides a ￿lce weekly ffuesday 1 pm-6pm & Wednesday 10am-2pm) opportunity for
local residents on low incomes to access up to £25 worth of food shopping for £5 {food products vary on a weekly
basis). The pantry collaborates with a range of suppliers including Fareshare Cymru, Asda and more recently
Costco to respond to food poverty challenges facing residents and the reduction of food waste through the process.
The pantry numbers are stable at approximately 60 per week. The pantry has tumed around our food hygiene rating
that has increased from a rating of 1 (v. poor) to 4 (good). We are waiting for the next inspectionlresults.
The pantry has collaborated with vegetable growers in the area including Cardiff Salad Garden who donated 200
plants that we distributed to residents to encourage both growing and the understanding of where our food comes
from. We are still receiving vegetables from Insole court allotment who dedicated an overgrown plot to the pantry.
We would like to recognise and celebrate the massive investment in time and effort of our dedicated and valued
volunteers who source food on a weekly basis from various suppliers including Costco, Lidl, Aldi, Alex Gooch/Brod
bakeries and individual shop donations. The volunteer hours converts to nearly £50,000 per year at living wage (£12
per hour). The volunteers purchased over 5,000 basic items from funding from the Julia and Hans Rausing Trust to
ensure members had the basic food such as pasta. chopped tomatoes, etc which are unfortunately no longer
available from Fareshare, or other donators on a regular basis.
We reported back to the Lottery on the two-year fvnding which finishes at the end of March 2025. They were
pleased with the report and have closed the fvnding. This means that they Can now inform us of the funding we
submitted for the nexi years for 'Nourishing Riverside, which combines the Pantry, developing the recently
cleared garden at Wndham St for growng vegetables. training allotment growing and facilitating food based
discussions with residents and families.
We look forward to more 'Taste of Riverside, meals cooked from pantry ingredients and supplemented by seasonal
veg from the garden. It should be a green yearl
Youth Innovation Programme
The Grangetown and Riverside Youth Innovation Programmes (fvnded by Cardiff Council} have successfully
provided a range of engaging activities aimed at supporting young people's personal development and community
engagement. Operating free of charge. the programmes offer diverse activities including sports, creative workshops.
health and beauty sessions, and wellbeing workshops, such as musi¢ production and cooking on a budget.
Collaboration wth Cardiff Metropolitan University enabled the delivery of free boxing lessons, promoting fitness and
emotional resilience. Additionally, initiatives like the Teenage cOn￿M Inter-Generational Project fostered
intergenerational relationships. while partnerships )Mth local businesses. such as Gents of Brooklyn Academy,
helped create employment and intemship opportunities.
The programmes also focused on raising awareness around issues like bullying, knife crime, etc, with special
events during summer, Halloween and Bonfire Night providing fun and educational experiences. Looking ahead to
2025, we are committed to addressing emerging challenges and expanding opportunities to support the continued
growth and wellbeing of young people in our community.
Resilience for Families
Resilience for Families is a 2-year project fijnded by the National Lottery and provides classes and sessions to
support families to succeed. The project runs a weekly language café to support participants with conversational
English, weekly practicelpreparation sessions to enable participants to complete the 'Life in the UK, British
Citizenship test and weekly Read & ￿lte classes. The project has also worked in partnership with Cardiff Council to
deliver a series of workshops to improve basic digital skills.
Let's Interpret
Let's Interpret is a project that provides training and support to enable bilingual and multilingual women in the
community to become competent, professional interpreters.

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
In 2024-25 we welcomed 34 more women into the project, who all successfully completed an accredited, Level 3
course in Public Service Interpreting thanks to the continued support of Cardiff University's Lifelong Learning
department.
Funding from the 'Volunteering Wales Main Grant. allowed the Let's Interpret project to identify more opportunities
for our members to gain voluntary work experien￿. 46 of our members benefitted from this, undertaking volunteer
interpreting or translation assignments for a number of different charikn'es across Cardiff, totalling 140 volunteer
hours.
Many of our members also gained paid Work experience, providing interpreting services to our partners across the
city. We were grateful to continue our successful collaboration wth local mentsl health charity, CCAWS (Community
Care and Wellbeing Service) and to initiate new partnerships Trmth other local charities including.. Riverside Advice,
Displaced People in Action, Oasis and Yourspace Wellbeing Service. In 2024-25, a total of 230 hours of interpreting
provided by our members, have allowed non-English speakers to engage with the important services being
delivered by these organisations.
The Fullness Project
A vibrant community of adults, 55+ years living in Riverside, Canton and Grangetown. Brought together by South
Riverside Community Development Centre (SRCDC) and funded by Global Make Some Noise.
This project provides a programme of engaging activities, events and trips to enhance health, wellbeing and cultural
interests. Our ultimate goals are to reduce social isolation. increase advocacy and support, and improve emotional
and physical well-being amongst older residerrts within our localities.
We carry out this work through a weekly programme of advocacy and support drop-in sessions that help older
people to understand letters, make phone calls and signpost them to appropriate services. We also offer a wide
range of weekly engagement activities, including arts and crafts, board games, baking and cooking, singing and
local trips.
River Music
Over the past year, our established arts programme has continued to shape community expectations and
engagement. Weekly sessions have engaged 154 participants in a range of activities including= ukulele. piano.
drama, urban dance, open rehearsals, Balkan dance, Roma music, art and Arabiclurdu arts. These aclivilies have
seen strong and growing participation. Alongside a Royal College performance (30 participants), a series of cultural
activities were embedded in our summer and wnter festivals. fostering grassroots expression and cultural exchange
such as the African Kora now perfomiing with Women of Guinea Bissau dancers.
Our festivals and events brought diverse perfomiances -f rom a Polish choir to country blues artists playing 'Old
Town Road" (recorded with parents) to audiences of 2,000, with 100 active participants. Language-focused
projects explored the role of art in Islam, through calligraphy with Iranian artist Madiala, Quran recitation, Pakistani
poetry, and fabric printing. Music recordings united parents from various groups using Caribbean and mainstream
songs. A Ty Cerdd collaboration with Amruta and the ukulele club was featured on BBC Radio Wales and Cardiff
Radio, helping raise visibility and morale.
We also performed at Black History Month, Afrobeat Delta Lounge, Yma Pontypridd, interfaith rehearsals, Windrush
celebrations, and charity events
culminating in a 25-person perfomiance at the Sickle Cell Awareness Benefit.
New recordings addressed issues like knife crime and Welsh identity, resonating across Riverside's communities.
While outcomes have been strong, the sustained enthusiasm from participants highlights a clear need for increased
support to continue this vital work.
Sustaining Grassroots Empowemient Ifunded by Paul Hamlyn Foundation)
The Sustaining Grassroots Empowerment project is a 2-year project funded until 31 March 2026. In partnership with
the Bevan Foundation, the project has been designed to increase opportunities and engagement of migrant
communities in influencing policy reviews and contributing responses to Welsh Govemment and Cardiff Council
consultations.

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Through a project lead and two community connectors, the project team aim to increase migrant communities,
contributions to 10 consultations, develop and publish a migrant community engagement strategy and develop a
policy influencing model. During this period the team have been busy building relationships and networks in
communities, developing a series of coffee moming and engagement sessions to hear the voices, concerns and
aspirations of migrant communities across our localities.
Financial review
The charity conducts its core activities from its main building in Brunel Street, a freehold building which it owns. The
Wyndham Street Centre and The Warehouse are both leased from Cardiff Council.
The charity is reporting a deficit of £19,169 for the year ending 31 March 2025 compared to a surplus of £59,252 for
the previous year.
Unrestricted funds
The total unrestricted fvnds at the year end amount to £168.076 (2024= £179,655).
This is split be￿een general unrestricted fijnds of £71,358 representing the charity's free reserves, a general Pantry
fund of £2,876, a general building improvement fund of £47.734 representing the Historic Net Book Value of
restricted capital expenditure on building improvements to the warehouse and a fixed asset fund of £46,108
representing the Historic Net Book Value of the remainder of the fixed assets.
Reserves policy
The charity holds £797,806 in reserves compared to £816,975 in the previous year. The reserves are classified as
£168,076 unrestricted and £629,730 restricted. It is the policy of South Riverside Community Development Centre
to hold sufficienl reserves to cover at least 6 months of operational costs plus potential redundancy costs. The
charity has calculated the unrestricted reserves target as £70,067, therefore the current unrestricted reseNes level
of £71,358 is over target. Officers and Trustees will continue to review and monitor the reserves target and levels.
Structure, governance and management
Legal status
The charity is a company, limited by guarantee, registration number 03953683. It is registered with the Charity
Commission, number 10803114.
Structure
The management committee confimis that the annual report and financial statements of the charity comply with the
requirements of the charity's goveming documents and the provisions of the Charib'es Statement of Recommended
Practice (SORP FRS 102).

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reference and administratlve details
Charity name
South Riverside Community Development Centre Limiled
Charity number
1080314
Company number
03953683
Registered office
South Riverside Community Development Centre
Brunel Street
Cardiff
Wales
CF116ES
Secretary
Salam Abdul
Trustees
Ken Barker
Wayne Findlay
Natalie Hamonda
Saif Khan
Jacqueline Marshall
Jaswant Singh
Lorna Stabler
Martina Svobodova
Sarah Way
Keith Abdi
Laetilia Paul
Maha Hamadelneil
Daniel James Priestley
resigned 26 September 2024
- resigned 8 May 2024
- appointed 17 Seplefflber 2024
- apwinted 19 November 2024
Independent examlner
Azets Audtt Services
TyDe
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
The trustees, report was approved by the Board of Truslees.
Trustee
Date..

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE
LTD
I report to the trustees on my examination of the financial statements of South Riverside Community Development
Centre Ltd (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law} you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006
Act}.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
financial statements carried out under section 145 of the Charities Act 2011 {the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b)
of the 2011 Act.
Independent examinerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Institute
of Chartered Accountants in England and Wales. which is one of the listed bodies.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
the financial statements do not accord wth those records., or
the financial statements do not comply wth the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination- or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102).
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Andrew Howells
Azets Audit Services
TyDe
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
2025
Dated..

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total
Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from:
Donations and
legacies
Charitable activities
Investments
46,500
93,486
6,148
318,266
3,171
1,859
364,766
96,657
8,007
32,328
158,589
1,440
316,513
348,841
158,589
1,440
Total income
146,134
323,296
469,430
192,357
316,513
508,870
Ex enditure on:
Charitable activities
191.978
296.621
488.599
159,111
290,507
449,618
Net (outgoing)lincoming
resources before
transfers
{45,844)
26.675
(19.169)
33,246
26,006
59,252
Gross transfers
between funds
34,265
(34,265)
(307,424)
307,424
Net {expenditure)lincome
for the yearl
Net movement in funds
(11.579)
(7.590)
(19.169)
(274,178)
333,430
59,252
Fund balances at 1 April
2024
179,655
637,320
816,975
453,833
303,890
757,723
Fund balances at 31
March 2025
168.076
629.730
797.806
179,655
637,320
816,975
The statement of financial activities indudes all gains and losses re¢ognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
10-

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
11
490.943
459.243
Current assets
Debtors
Cash at bank and in hand
12
14,506
335,341
11,536
376,246
349.847
387,782
Creditors: amounts falling due withln
one year
13
(42,984)
(30,050)
Net cu￿ent assets
306,863
357,732
Total assets le55 Gurrent liabililles
797.806
816,975
Income funds
Restricted funds
14
629,730
637.320
Designated funds
General unrestricted funds
15
96,718
71,358
57.352
122,303
168.076
179.655
797,806
816,975
The company is enlitled to the exemption from the audit requirement contsined In section 477 of the Companies Act
2006. for the year ended 31 March 2025.
The directors acknowledge thelr responsibilities for comptying with the requirements of the Companies Act 2006
wilh respect lo accounting records and the preparation of financial stalements.
The members have nol required the company io obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordanr£ with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on ... ...... ......
Trustae
Company registration number 03953683
11

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flov￿ from operating activities
Cash (absorbed by)Igenerated from
operations
18
(4,749)
74,576
Investing activities
Purchase of tangible fixed assets
Investment income received
(44,163)
8,007
(52,759)
1,440
Net cash used in investing activities
(36.156)
{51,319)
Net cash used in financing activities
Net {decrease)lincrease in cash and cash
equivalents
(40,905)
23,257
Cash and cash equivalents at beginning of year
376,246
352,989
Cash and cash equivalents at end of year
335.341
376,246
12-

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
South Riverside Community Development Centre Ltd is a private company limited by guarantee incorporated
in England and Vwdles. The registered Offi￿ is South Riverside Community Development Centre, Brunel
Street, Riverside, Cardiff, CF116ES.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland. I"FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 20191. The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling. which is the ￿nCtIOnal currency of the charity. Monetary
amounts in these financial ststements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
1.2 Going concem
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted fvnds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set OLrt in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised On￿ the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othewse if the charity has been notified of an impending distribution.
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
13-

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
{Continued)
1.5 Expenditure
Expenditure is recognised On￿ there is a legal or constwctive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, induding support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocaled directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activty are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequendy measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Freehold land and buildings
Equipment
Fixtures and fittings
Computers
Warehouse Improvements
1 OA straight line
250h straight line
10 % straight line
250h straight line
20h straight line
The gain or loss arising on the disposal of an asset is detemiined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date. the charity reviews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaim)ent
loss {if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call wth banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balan￿ sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and setue the liability simultsneously.
14-

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
{Continued)
Basic financial assets
Basic financial assets, which indude debtors and cash and bank balan￿$, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction. where the transaction is
measured al the present value of the fvture receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction pri￿ and subsequently measured at amortised Cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefils are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide temiination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and fijture periods where the revision affects both current and future
periods.
15-

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SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
Unrestricted Unrestricted
Funds
Funds
2025
2024
Rental Income
Other Income
The Pantry Membership
77,889
7,466
11,302
115,597
29,520
13,472
96,657
158.589
Analysis by fund
Unrestricted funds
Restricted ￿ndS
93,486
3,171
158,589
96,657
158,589
Investments
Unrestricted Restricted
funds
funds
Total Unrestricted
funds
2025
2025
2025
2024
Interest receivable
6,148
1,859
8,007
1,440
19-

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
2025
2024
staff costs
Depreciation and impaimient
Project costs
Repairs and maintenance
Travel and subsistence
Premises costs
Legal and professional fees
Subscriptions
Warehouse Refurbishment
Purchases
284,765
12,462
109,263
8,203
605
29,619
6,317
1,444
212,039
11,716
135,202
17,839
122
27,090
6,308
1,849
3,068
1,889
4,313
456,991
417.122
Share of support costs (see note 7)
Share of governan￿ costs (see note 7)
19,049
12,559
20,605
11,891
488,599
449,618
Analysis by fund
Unrestricted funds
Restricted fvnds
191,978
296,621
159,111
290,507
488,599
449.618
-20-

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support Governance costs
costs
2025
Support Governance
costs
costs
2024
Sundry
Administration
Expenses
Volunteer
Expenses
Bank Fees
310
310
3,420
3,420
16,884
16,884
15,304
15,304
1.734
121
1.734
121
1.738
143
1.738
143
Independent
examiners fees
Accountancy fees
5.700
6.859
5,700
6.859
5,400
6,491
5,400
6,491
19.049
12.559
31.608
20,605
11,891
32.496
Analysed between
Charitable
activities
19,049
12,559
31,608
20,605
11,891
32,496
Governance costs indudes payments to the independent examiners of £5,700 (2024- £5,400) for independent
examination fees.
Trustees
During the year, Natalie Hamonda was employed by the charity between April and June 2024, and received
gross pay of £234.14.
In the prior year, Martina Svobodova was paid £740 for Work relating to HR issues and warehouse
refurbishment.
No trustees were reimbursed for expenses during the current or prior year.
Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
Senior Manager
Project Managers
Project Officers
Crechelyouth Workers
Cleanerslcaretakers
13
Total
26
26
21

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employees
{Continued)
Employment Costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
264,910
10,062
9,793
201,068
5,223
5,748
284,765
212,039
Key management personnel
The key management personnel of the charty during the period are noted in the trustees report.
The total emoluments and benefits received by the key management personnel during the year was £47,128
12024. £21,650).
There were no employees whose annual remuneration was more than £60.000.
10 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11 Tangible fixed assets
Freehold land
and buildings
Equipment Fixtures and
r￿Ing5
Computers
Totsl
Cost
At 1 April 2024
Additions
198,125
26,346
352,772
70,308
17,817
32,698
653,903
44,163
At 31 March 2025
224,471
352,772
88,125
32,698
698,066
Depreciation and impaimient
At 1 April 2024
Depreciation charged in the year
87.923
2.045
13,135
7,055
63.731
1,509
29.872
1.853
194.661
12.462
At 31 March 2025
89,968
20,190
65,240
31,725
207,123
Carrying amount
At 31 March 2025
134,503
332,582
22,885
973
490,943
At 31 March 2024
110,202
339,638
6,577
2,826
459,243

SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Debtors
2025
2024
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
11,743
2,763
11.072
464
14,506
11,536
13 Creditors: amounts falling due within one year
2025
2024
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
4,326
953
5,328
32,377
72
991
28.987
42,984
30,050
-23-

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SOUTH RIVERSIDE COMMUNITY DEVELOPMENT CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Related party transactions
During the year, Natalie Hamonda was employed by the charity be￿een April and June 2024, and received
gross pay of £234.14.
During the prior year, trustee Martina Svobodova v￿S paid £740 for work relating to HR issues and
warehouse refurbishment.
18 Cash generated from operations
2025
2024
(Deficit)Isurpus for the year
(19,168)
59,252
Adjustments for=
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
(8.007)
12.462
{1.440)
11.716
Movements in working Capital..
(Increase}Idecrease in stocks
(Increase}Idecrease in debtors
Increasel{decrease) in creditors
200
42,523
{37,675)
(2,970)
12,934
Cash labsorbed by)Igenerated from operations
(4,749)
74,576
19 Analysis of changes in net funds
The charity had no debt during the year.
31