REGISTERED CHARITY NUMBER: 1102820 REGISTERED COMPLWY NUMBEIL. 5tM6531 REPORT OF THE TRUSTEES AND FANANCIAL sfATEMEiYrs FOR THE YEAR ENDED 31 DECEMBER 2021 SOVTH HILL CENTRE Acuity Professional L Fifth I l Leaderthail Street London EC3V ILP sO￿[H HILL CENTRE CONTENTS OF THE FINANCIAL sfATEMEiYrs FOR ThE YEAR ENDED 31 DECEMBER 21)21 Page R¢port of the Directors IRdep¢wd¢Dt ExamiDer's Report Statement of Fknei￿ Aclivitk5 10 ststem*Mt of FiDanei•l Posi15on Ststsment of Cash Floi¥s 12 Notes to the Stst¢ment of Cash Flfyws 13 Notes lo the financial Ststements 14 to 21 iktailed Stat¢meot of Aetivities 22 to 23 SOUTH HILL CENTRE REPORT OF ThE DIRECTORS FOR THE YEAR EIYDED 31 DECEMBER 2021 REFERENCE AND ADMINISlliATIVE DETAIIS RegiSte￿d Cbgrity Tromber 1102820 Reglstered Cowpany oumbtr 5(M6531 Printipal address Cemetery Hill Hemel Hempstead Hertfordshtre HPI IJF Directorj Mr R G Oakes (Chaim18n) Mr B L Boggis Mr A M Boswell Mr M J Masters (Resigned Ort 23 July 2021) r P J Mann (App)intrd 17 July 2021) MrG D Wright rs E Dunscombe (Resigned on 12 Sepianber 2021) IDdepeDdellt ExgmiDer J Irvine5mith FCIE Independent Examiners Ltd Unxt 2 The BrtsadbTidge B￿SlE￿5S Cerrtre tklltng Lant West Sus%x P018 8NF Solieitors Pothecary Witham Weld 70 St Georgls Squar¢ London SWIV 3RD Battktrs Santander UK PLC PO Box 1125 Brddford BDI 9PG ACCO￿￿**￿ts Acuity Professiona] Ltsl Fifth Floor I I l£adenhall Street EC3V I LP SOUTH HILL CENTRE REPORT OF THE DIRECTOILS FOR THE YLIR ENDED 31 DECEMBER 2021 The Dire£tors present theirrem wbjthe fllwKial SweMe￿ ofthe Company forthe ye4r ended Jlst December 2021. Cojtsliilltion aml Govern￿¢* South Hill is a dtaritsble company limir¢d by gwanw. in¢orwat¢d on 17th February 2004 and regist¢red &s a Charity on 24th March 2(HM. The Cornpany is established a Memoranth of Asgxi*ion incor￿T￿l on 17th Feknary 2004 as ameThJed by spttial re501uÉÈon da*d 18 November 2012 which sets cdrt its objects al￿ wwv5. It is governed under its Articles of Association. It W&8 born of SO￿ Hill Cl]urch IHemel Hem￿e*ll whi¢h 15 also a dwitsble COMp￿Y limitrd by guarantee. The Dire¢tOTS hav¢ dual roles, the other being &$ TnLStees of the Chuity for the PUTtMY of charity law. The Direaors who have served during the F¢riod and up to the date of this report are: B L Boggi5 E Dunscombe {to 12 Septrmiw 2021) P J Mann (from 17 July 2021) R G Oakes (Chair) G D Wright M J Masters (to 23 July 2021) E Dunscomk who resi￿ed as a Tr￿8￿£ with effect from 12 Semember 2tr21, served &s Tn￿ee for rwly 4 years and we have valued herwhole•heartoJ overthat peri(MJ and Fwljcularly iniiiaily with minutr tsking bui then a8 a full Director. We would likc to tske the oppcnwty to thank EIi7Abdh for her conunitmenl hard WOTk and dedi￿10￿ over the period. We wish her all the besL The remaining Directors bringa unique set of skillstothe compart¢s b￿l￿e$s. They in¢lude the pastorof South Hill Church (Hemel Hempste&l). two accoumart% a fOrrI￿r charity work¢r and a head of quality. safety and environma)i. Each h&$ significant professiona] skills and recogJiststheimportan¢e of pcr50nal trdining. Theyhave all attended appropriate training courses the pa# and they are all Qxpected to keep up to date developrnents in Trustee and Director responsibilities. Trdining may be Specialist in nature detthding on ihe re5r￿)nsibilities the Direaor has. Thev are atl cOn]￿tted to the aims and objectives of the charity. The DireL%ors havepurchasaj Trustee iDd¢mnity insurdnce. Jeremy Keeley remains our fijll time Developmeni and Operations mana8erand manage5 the Cornpany very effedively undtt the gLkidance ar￿ directign of the Diteaor& who caryy out some ofthe execlllive functions on a voluntary b&5iS. The Centre employs staff in Yowjg Dtscovuers (YD), the we4chcd run by the CoMp￿y. other activiiies a[￿ to PTov&de reception. ho￿Sekeeping and administrative Sup[￿ to th¢ Company. SOUTH HILL CENfRE REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER202J 0￿E￿Es AND A￿1vITIEs Aim5 and Obj¢ctiY¢¥ for the Publ1£ Btntfrt The Directors are aware of their re5wnsibiliiies to PTomote activities for the public benefft. S(th Hill Centr¢ exists to improve the conditioTrs of life for those in the IIKal cornmunity of Hemel Hempste&l and the su￿OUnd]ng are& Thts TS achieved by the provision of high quality ¢hildcare seThicc% a]ongside auivities and serviL¥s to the benefit of other members of the Community frotn toddlers io senior ciiizen& s de5crib¢d below. Our vision is To & 311 th3t God is calling us to be. To demonstrate His love thr￿sh improvlng the qudity of life forthose in our community. building liftrlong relationship5 aTKI dem(x￿[￿S excellenee in all we th)., As a Christian based tharity, Ihe Centre's aims are w: - Be a centre for social development and wrllthing - Improve the quality of lif¢ and develop fu￿re gencrnti(ms of pe(yle in its community . lrnprove s¢Kiai care. paTticularly forth¢ l¢ss advaniaged . Help ptolnote aaive and socia]ly intrgrated comrnuniry - Develop 5kÈ]Is aThJ employability within the lnsibilities of some of our senior ￿aff with a view to Possible fijrther ap￿in￿￿ents to sirengthen our athninistrnlion. This (i)jaXiv¢ F*en mothballed during the year but 15 now receivin8 some attthtion. sotfTH HILL CETr4TRE REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2021 Activities Yotmg Discov¢r¢T5 (YDI which operates in th¢ FArly YcaES Centre (EYCI buildin& h&% rernained open throughout the year. The staff alld manweni hav¢ been able lo provide excellent service io nursery and pre4chool children during the year making use of th¢ whole EYC buildkng. Its wity of 3iO pre-sc1￿1 sessions and nursery ¢l&ss 15 spread over 5 da>5 each week and tske up continue5 to be high. The Pr¢-schryJl h&s also provided extrnded we fa¢ililles foT those children who attend YD during the )'ear but this service is not well ￿$ed and its fi￿re is Under wTrsideratiOfL YD h&8 an Ofsted tating of "good" Karen who h&s manwd the fa¢ility for several Ye￿ resI￿ed * the end of 2021 for a career change. are very pleased to have been able to apTX)int Theresa CartwrighL a very ex￿rien￿l pre-schiK)I manager who started her career at YD several years ago. in place. Sh¢ is reS[￿SIble to the Dire¢ttsTS for th¢ effective running of the Pre-school and has a direct rerM)rting rtswnsibility to Brian &)ggi5. 2021 proved to be a challenging year for our otheE opErdtioD5. however the c(￿rtirt￿ed to provide on-goin8 services to th¢ local community. Due to the globat P￿emiC and government restriLxioLvlock dowtLsin plaK the focu5 in ￿8fter I was developing and providing supprt and services ODline. Some frdce to wvi¢¢s were provided where possible aud access to PC5 for lo￿ ¢ommunity members, who were digitally exclud¢d over this perio4 wue offered as and WIM restrictLOnS allowed. A Wer foc￿4 w&4 a150 placed on fundrwg aT¥I planning for tl* atiticip*ed increase in needs would likely follow as restriclioyts eased. Despiie the e4Ay challenges. the C¢ntre continutsj ¢0 (kliver seThices kn supwt the rn05t vulnerable in the community. This included ¢Tnployrn¢nt 5UPW>rt through the STrtVE projeLt in partneTskn"p wtth Herrs County CoLmciI and other County based provid¢rs. The project 15 part of thc Butlding Better OpporLUtuiies InÉtiative funded by The Big Lottery with mateh fifftdin8 from the European Social Fund and aim5 to engage with tkn¢ fiJrthe# away fiom the job market io encoura8e and support them towards employability addressing barriers they may face w getting ther¢. The Centre continued to build on its excellent relatio￿￿1p$ Job Centre Plus many other privale and charitable orwdni5ations who WO￿ I￿allY to supp)rt ihe vnemployed. Engageme￿ with new and exisiir¢g seryice ws¢rs was through a regular ti¥io weekly drotrin. Support offered included.. CV writing, career devel¢)pmen4 addicLion SUP￿r￿ housing support: business awarenes% ¢onfidence buildin wellbeing SUPPKTrrt and a nLmb¢r of basic and more advanced ITIMath4English cour5e5. Tr Celttre also proTrid¢d support for those with physical disabilities and thosc with ither Significant lyarricr5 to elnploymurt (thuvlalcohol abuse" mental health. homelessne4 criminal record etr.). Squealers. our carer5 at]d toddlers group, whi¢h now pmvides I stssion per wttk to some 11>20 t(xldlers, restarted in JLme' Table Talk Plus a lun¢heon club. which meets l)n the first Thursday of each month with L)vtt 40 elients at each sessii)EL restarted in SeVLeTn￿rand,SHc Gets Active.. in conntttion with Evervone Acuve, which involves are￿￿arafternOOn session at the local sp)rts ¢enrTe to ¢n¢ouTag¢ tlKJS¢ in the comtnunity to take part in physical activity. rebjrned to pilcrt 50Jne new sessions in the final quar￿ of the ye4r. Duringthis peri(xl the ￿tI)ded its WO￿ providin8 Sup￿ foT %Mne ofthe m05t Vuln￿able worneTJ In the local area- particularly th0￿ iTtwactcd by the significani incmse seen in [%)me￿i¢ Ab￿￿. S¢v¢ra] virtua] suppon sessions and targd¢d online courses were held to suppcrt the l*Jits and help them rnove on in a positive direction with their live5. On aver around 180 inth"Yithats were supported each month. This workwas 5UPN)rted in 2021 by funds from the Hertfordshire Pollce and Crime Cornmissioner (MOJ fi]ndingX the B8trhw0￿ TrusL local Cow Coun¢illoT% and several (ther Iwal wt makers and donot5. In ord¢r to CODntct with sorneofthc neediest people inthe aTO the Centre h&scontinued as a disrribuiion ¢entre and voucher issuer for the DENS Dacorum Foodbank. This stsviee offers parcels 5 days a week and saw a si8nifie&x It)cre￿ in demand in this financi￿ y￿. It dso wssibl¢ to offtr a I￿ne ddiverf service in *Jdition to the usual 'colleaion only service during the early part of the year. The Centre ¢ontinued to h05t th¢ Hemel MornÉng Ikaf Group and provided links wtth Hertfordshire SocÈety for the Blind to supwrt indiN"idua]s irnpacred b}" these disabilities in the l(a] am Both of these retumed io the Centre ￿1th a phvsical preseTKe durin8 the last Quarttt of the year. soirrH HILL CENFRE REPORTOF THE DIREcfoRS FOR THE YEAR ENDED 31 DECEMBER 2021 0￿ECTIv￿$ AND AcrivtTIES Aims Objectives for the Public Benefit By the end of1hi5p￿r1(￿￿ iheCabtrlw15een agrowth inth¢dern￿ fmmkn L4wit￿¢4￿d srKi8lly ft*u5sbJ or8anisatton5 to hire Centre fa¢i1511¢5. Ffirets induda.. &cp ? Skr115 (foThrtally FL4FLS): Wh172-￿d£ C4reTr in NHS Wellltins Team& D¥onJm BOn)U￿ Coun¢il. Hertfordshir¢ CTrJw' Council. Pla)fe¢t Theatre Cornpmy, RLKk Choir. Shaw TrusL L0ndC￿ Show Choir. Community Aetion Da¢onry am￿$* MMY oth¢ts. Colleaively they provitsj ¢n]rU￿ advic4 actrviiies and sUPPOrt ￿ the local ¢omm4mil)' and hoded Dwry ¢ommunttv wide events. AJI of Ihese or3￿1s£t10￿ many of whith cpernte in the third secror, involved runntng *ti*iiies which tnea of the 8ims arml charitsbl¢ objectiv of the Cartre &$ OU￿1n￿d The ¢hariWs fa¢ilities continued to be LLsqI by South ￿11 Chwh for weOJin8* fi]n¢rals, S￿daY s¢rvices and otherchristian activiiies when perniitted by the pan&mi¢ I¢￿sI&l0￿. The Dire¢tor5 are very graieful ￿ the staff and volunteets viho helrÉd with all ihe actiyiiies which we have been able to provide during the year. Their ability 10 adapt to the unusual ¢i￿U￿LS1anCCs has been amazin& Many of those who have served are membe¥s of South Hill Church who give frttly of their time. We are pleased that volunt¢ers from the local colnmunity also work with us. The Directors provide theirtime voluntarily. Mgio Objectives for 21122 The matn objeetiv¢s for 2022 are to." - Continue to develop our relationthip wkth South Hill Cthurth which is to us and prE>vides th¢ nwt[￿l0n for Tnany of the community a¢iivitie5 which we organise through th¢ Centre. In paTti¢uiar. to stren￿b9) the relationship benveen YD and South Hill Church and other C¢ntye a(aivitiffj for tMTrth fmployees and users ofthe service. We sh3]l Continue io develop this'hand in 8lov¢- relationship. . Explore with some of our partn￿5 fijrthtt ￿l¢eS we Lan offer to some ofthe most vulntrable in the communtty. - To rebuild those ￿1VitieS wllich have b¢¢n hAbernatrA during th¢ Pand￿ll1¢ buÉ which are still appropriate in the new circumstances we face. - To generate hire income as those ￿1vitieS whith are in IiDe with ow objatives wish ￿ re£omrnence. - Ensur¢ the continued viabilty of our Youn¥ Discovtrer5 Pte-s¢hool. - Review the r¢sponsibiliii¢s of some of our scniorstaff and tnjstees with a view to smgthenin8 ourathninistTaiive function. so￿￿H HILL CENTRE REPORT OF THE DIREcfoRS FOR THE YEAR ENDED 31 DECEMBER2021 FINANCIAL REVIEW Fio#Thci41 Revie The Centre a bTought fotwatd surplus of £1343,691 a￿1 ihe defictt of incoming resources for th¢ year w&5 £9.417. The remaEningswplus balance of £1,334,274 will be carried forward to the next year. The total income foT th¢ year was £472.175 (2020: £450,263). InCr￿ed income ume from athlitional tentsls of the Charitys facilitie5 despite the rau¢tion in Irade dur5Dg this unprecedented year. Young Dis(y)ver5 is sdf-fjjnding by of loc￿ awlK)riry fees rrLeiv¢d and fjJndrdi5ill8a¢tiviti¢s. Grantsof £132,695 (2020.. £1)2252) and student fees of £37.513 (2020.. £36,843) were r￿CiveAl in the year. The Dsrectors aCknOwl￿ge the genenius gtvtng by the Tharity's suptxirter& MaDy of thts¢ are rnember5 of South Hill Church and during the year these Slipp￿e[S gave either directly (including Gift Aid wh¢re appropri&e) IK indtrectly some £10,139 (2020- £IL478). The totsl expeT)diwre for the year was £481 J92 (2020: £4W.972) all of 7*hich spent on dwitable activitie5 and Bovernaiice eos At lh¢ year end the Company had assets of £lJ34274 (2020: £IJ43,691} repres￿ by £263,915 (2020.. ￿83,776) unrestriaed fund& £36.615 (2020 £91) &$ a re5kn¢ted fimd to be spent providing pre-school 5ervice5 ond £1.033,744 (2020: £1,059.824) as a restricted buildiTJg fvnd TelatiTtg to the cortsttuction of th¢ EYC and the main buildin& All gTant5 ￿¢tIvrd from the local authority to the pre-sch￿1 ate treated as restyi¢%¢& but ither income, mainly comprising fee5 paid by parents where want is re¢eivable in resw of pani¢wlar childraL is unreStria￿. The remainder of the ￿reStria￿d fL￿d include5 desigwed gifts and grants which the CeDtre has obtained. The C¢ntr has Continu￿ to pay off the morw from Ktngdom Bank and il is enc(xwing to see a totsl repa)Theni of £38,477 {Capittl repa)Th¢nt of £24226 ittte¥¢s¢ £14251) dwitig the periryl th[0￿h the Centre's nornial month]y pa)Trents. The Directors ore awar¢ of the lirnits provided by the Financial Services COM[￿atIOn Scheme and are seekin8 ahem￿1Ve re dek%)Sit arrangements for some ofthe fijnds currendy held by Santsnder. The Directors would like to thank Aneena Kuku and strff at Acuffy Proft&sion81 for thetr &ssistance in maintailling ihe awounting records during the ycar and th¢ pre1)￿lon of these financial st8iements. A numkr of volunteers provid¢ financial infornTrtion for the wivitics with wtiich they are involv￿1 athl our thanks are exlended to thcse, a[￿ a150 Naotni Ketley our fiDancial adrninistratoy. Re5erve5 policy attd going vwcerD Reserves are needed to bridge the Jp IKtw¢en th¢ spending and rec¢iving of incom¢ and to cover unplanned emergency repaiTS and other expensition of the Company. The Directors have reasonable exFtLtition that the CompaDy has adequate re50urttsto ¢ontinue in (wational existence for the fotrse¢abl¢ fvture. we o)ntinue to adoNth¢ goitig coneern basis in preparing the financia] statements. soirrH HILL CENTRE REPORT OF THE DIREcfoRS FOR THE YEAR ENDED 31 DECEMBER 2021 Risk m*#agtme&t The Directors are aware of their wqbTlity to tyowly manage and mitigate the risks knd by the Company. As su¢ Board r¢pr¢sentsÈtves. the Ot¢r*i¢)ns Mamger tT]d the Young Dt*overeds Manager Teview and upjate B s¢haule of Èhe ajor 8ovemanK operntional. financta], and extemal risks facing the Company at leaq annuall￿. They identify the likelih(M)d aTyJ potelrti￿ imw of exh Ti5k al(xJg with prevenwive Measu￿ or plartneiL to MIti￿e these. The Board then considtts the resultant schedule and its con¢lusions. endorsin8 a final register of risks whi¢h are reviewed throuthout the year. ￿On8 with ernerging risks whidk might aff￿¢ the Company" any finat)ci3J implications are incory)orated into the 8Dnual budget proce9S. The Board is satisfied that the major risks fxin8 th¢ Company have beett idattified and arebein8 approprigtely addressed. In particular. Ihe Board consideys th& the key risks currerrtly facing the CompaDy are a5 follows. - Maintaining inwme to support the adivities undertthe￿ particularly givett the impact of COVI[￿[9. We look to diversify our sources ofincome. aTe pnKl¢rrt inthe projects Wetake0￿￿OrkwÈth parwor8ani58tions where we deetn this iseffe¢tiv¢, and keep a close eye on costs. ID additio￿ we mainlain fiJThl% repT¢Wting w least 3 months expenditure in the Company's bank accounts, a¢knowltyJging that some of th¢s¢ fvnds may be required to cover rKttssary expenditur¢ in the absence of PTeviously aniicitTr￿ed income. - Loss of key staffand hÉgh thfftwnover. We airn to ￿ an emplover of th)ice. We rtcognise the importance of providing aff with a POSTtive working environmenL a living wag< and the flexibility to maintsin all appropriate work-life batanee. We also seek to balance tkn ¢hatlenge of maintainin8 pay and benefiis & an appropria* leveL during a peri(yJ where a numberof our employees have had to be furlough4 with the ongoirjg viability of the organisation. We regularly ben¢hmaTk salaries Paid with industry nomis. As we have a trl*ively stable staff powlation. . Reputstional dam88¢ l¢adÈn8 to an inability to meet our ainL% aEMI obieLttv¢s. We uThJertth regular DBS checks ftsr all staff and voltmteers working wtth children and vulnerable people. have Safeguardi￿ officas and comprehensive child prot&tion, equality and diversity.. health and safety. f(XMI hygiemq fire risl ¢omplaitts, expenses ond dataprotedion policies in place. Sp¢¢ifi¢ training is given where appropriate to volutrteers and employees to help mitigate risks. YD is moniknred by Ofsted. . Impact of Government kN)li¢y on grnnt inwrne payable to Young Discoverets, the tsx regime the Company falls under. or QTt the use of volunteers. Although these asp*ts cannotE¢ dirttdy influenced bythe Company. the Board regularty reviews the effectiv¢n¢s5 of its strategic dire[tI￿ well as monitows and seeks &Jvice on changes, and potential changes. in Government policy. The Board ¢an ¢onfirn) that S￿t¢m5 have bccn e￿abl]sI￿A io enabl¢ regular 1¢F￿Nts to be produc&1 sothatthen¢ce$5ary steps SOifTH HILL CEI%TRE REPORT OF THE DIRECTOILS FOR THE YEAR ENDED 31 DECEMBER 2021 STATEMENT OF DIRECTOR S. RLSPONSIBILrriES Company and Chan"ty law require Director5 to PTqJar¢ a Dire(tors' Rep)rt arml the finaTKial *atemeTts in 4¢cordartce wtth applithle law #nd regulation The accounts for each financial year are requirtsj to give a true fair view of the swe of tiffairs ofthe Company and of the surplus or deficit ofthe CcKnpany for that PUILMI. In pt¢parin8 these accounts. the Directors required 10: - select suitable 2c¢ounting p)liae$ and the￿ apply them ¢c￿lS￿ntly. -apply the meth(xls and principle5 set out in the Charities SORP . make judgements aJMI estimates that are reasonable 8tsJ pnJdell( and - Prepare accounts QD the 8oirJg concern basis unless it is inappropriatr to (kj so. The DirE￿Or$ are rewnsible for kttping proper aLxx)unting T￿￿8 which discloK with ￿onable accuracy at ttme, the financi￿ posiiion of the ￿MpanY and io ¢nable them to eusure that the ac¢(xmts comply with the Companies Art 2006. They are also responsible for safeguardin8 the assetsofthe Comkmny and h¢TrxfortskiDg re&50nable step5 fv the prevention and deteaion of fraud and other irregularities. The DirectOTS have overall restx)nsibility foreDsuringthatd% Company ha5 appwTiOt¢ systems of int•nal ¢orttroI a¢ross the entire oEgani5ati0￿ The sys*ms of internal C￿[]￿01 ar¢ desi￿ed to PTovide re￿nable but absolute &ssurallce agaillst material rnr5Sthknart or loss. St8t¢meDt #s to Di%ekfftre of InfonbatiOD to the 14d¢t*Ddenl EJ•niB¢r Th¢ Directors ofthc Company who held office atthe date of approva] ofthis report ¢onfinn thaL so far as they are each awar< there is no relevant infOrn￿lI0￿ of whieh the Illde￿ Examiner is and each Director has tr￿en all the stepg that he ought ¢0 hav¢ thken Is a diwor to rnake himsdf awdre of an}. rElevatrt Illforll￿tioll aDd to e5tabli5b that ihe Independent ExaTniTrer L5 aware ofthat information. No Membe￿ have requir￿ the cornpany to otrknin an audit of its accounts for the ycar in question in accordancc with seetion 249(2} ofthe Companies Act 2006. The dirnors a¢knOWi￿ge their rwrnsiErflity for. a. ensuringthe company keeps accolllrting records whtth ￿lY with sectÈon 211" and b. preparing accounts vthich ￿ve a true 2nd fair view of the st*e of affairs of the company es & the end of its financia] year and of its profit or loss for the fina￿la1 year in accordan￿ with seltion 266, and wthi¢h otherwise comply with the requirements of the Companies Act r¢lating ￿ a￿ounts, so far ¥ is appli￿1¢ to ihe wrnpany. Related parties The Company has no rdated tArties. other than as di￿10$￿ in Note 7 10 the A¢wuD￿ but has worked Closely with many different aoencies. In pani¢ularthe Direcwrs value the supp)nof Hertfordthire County Council. D￿￿urn Borough Council and South Hill Church. Declarndons The cornpany has taken advantage of the srnall COTllPftT]Tes' exemption in preparing the reTX)rt aErf)ve. The tru5t¢es de¢lar¢ that they hav¢ approved the tsu$￿#5, r¢pon (7￿]uding d]"rt¢tors' r¢port} above. Approva by order ofthe trrf)ard OfmLqe￿ on .. and Sign￿ i)n its b¢half by.. Mr R G Oakes Ir4DEPENDENT EXAMINER'S REPORT TO THE TRu￿EEs OF SOUTH HILL CENTRE I rew&rtto the truste¢s on my examination of the accoutts of the so￿￿ Hill Centre forthe year ended 31st December 2021. As the ¢lwity's trust¢es, you are responsible forthe prepaTatiOD of the accounts in accord￿ with the requirements of the Charities Ad 2011 ('the A¢al. I report in respect of my examinatt(m of the ch4Titsbl¢ comwjy's accounts carried out under section 145 of the 2011 Ac¢ and in canying oui my examirjation, I have follow¢d a]1 the applicable Directions given by ihe Charity Cornmissi(￿ under s¢¢tion 145(5Mb) of the ACL IDdependent exatninevs st*temeDt The charity'5 gross income exceeded £250,000 and l am qualified to undertth th¢ examination by being a Fellow Member of the Associ*ion of Ch*rity Independert Exwnlne￿. I have completed my examination. No material matter5 have come to my attallion in cornection with the examination which gives me cause to believe that iw any material rest£ lh¢ a¢¢owrting records were not kept in with Secti￿ 130 of thc ChaTiti¢s Ac¢ or the accowjts did accL)rd with the accounting re£or**FIXED ASSETS**
Tangible a ets
10
**CURRENT ASSETS**
Debtors
**1 !**
Cash at bank
12
**CREDITORS**
Amounts flling due within one year
**13**
**NET CURRENT ASSETS**
**TOT AL ASSETS LESS CUlBNT**
**LIABILITIES**
**CREDITORS**
Amounts flling due afer more than one year
14
**PROVISIONS FOR LIABILITIES**
16
**NET ASSETS**
**FUNDS**
**17**
Unrestricted fnds
Restricted fnds
**TOTAL FUNDS**|**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
£
**20,056**
**1,634,553**
**12,110**
**274,413**
**6,204**
**286,523**
**6,2€4**
**(42,664)**
**(59,957)**
**243,859 **
**(53,753)**
**263,915**
**1,580,800**
**(498,441)**
**(12,000)**
**263,915**
**1,070,359**|**2021**
**Total**
**fnds**
:
**1,654,609**
**12,110**
**280,617**
**292,727**
**(102,621)**
**190,106**
**1,844,715**
**(498,441)**
**(12,000)**
**1,334,274**
**263,915**
**1,070,359**
**1,334,274**|**2020**
**Total**
**funds**
£
1,692,322
1,871
256,182
258,053
(72,139)
185,914
1,878,236
(522,545)
(12,000)
1,343,691
283,776
1,059,915
1,343,691| |---|---|---|---| For the financial year ended 31st December 2021, the company was entitled to exemption under 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year ended 31st December 2021 in accordance with section 4 76 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. The financ!al statements were approved by the Board of Trustees and authorised for issue on _**.[}J::.] .[�] .!?!I.. .. ��**_ and s1 . ed cm its behalf by:were . . . . . . ' . .. . ' '. . .. . . . . . . . . . . . **MrG D right** if The notes form part of these financial statements Page 11 sotTh HILL CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR END£D 31 DECEMBER2021 21UI 2020 Cash llows from operntiDg aetivities Cash genernted froTn operati(￿$ 5&226 Net cL%h provided by operating activities 62912 £8.?26 Cash flow5 from inve5tlDg activiti Purchase of tangible fixed ￿Sets 14.646 cash provided byl{used in) illveMitig activities Cgsb flows from fiD#Dcing *rtivities I£￿n repayTnents in year (33,670) e&%h used in firthncing activities 3&47 33 670) CbaDge in cash aDd cash eqviv*lents in the reporting period Cash and cash equivalents at the of tht reportifjz periwl U435 19,910 236 Cash and cash eqnivaleDts at the end of Ihe reporting ￿riod 280.617 256.182 Pa8¢ 12 SOUTH HILL CENniE NOTES TO THE ￿ATEMENT OF CASH FiDWS FOR THE YEAR ENDED 31 DECEMBER 2021 RECONCILIATION OF NET EXPENDrruRE TO NET CASH FIL)W FROM OPERATING ACTIVITIES 2021 2020 Nel eXpe￿ditllre for the re￿Tting period (&$ per the Ststeme•t of FinaD¢ial A¢tivities) Adjustments for. Depreciati￿ charges Intere￿ on loan 19,4171 (40.709) 37,713 14251 38.027 15.422 12,0(M) 38.879 (Incre&8eydecre&%e in delAors Increasal(dern) in credito (10339) Net easb provided by operatiom$ 58 ANALYSIS OF CHAI¥GES IN NET DEBT At 1.121 Cash flow At 31.1121 Lyet Cash C￿h at bank 256,182 24.435 280,617 Debt Debts failing due wtthin l year D¢bts fallin8 due after l year (24301) S22 122 24,104 {24,139) 498A41 26 522 580) Total I90￿24 241.963 The notes put of thes¢ financial ststemeDts Pas¢ 13 SOUTH HILL CENTRE NOTES TO THE FINANCIAL sTATEME￿s FOR THE YEAR ENDED 31 DECEMBER 2021 AccouNfiNG POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial smements of the charitv. which is a public txnefit entity ￿der FRS 102. have b¢¢n pr¢pared in accordance with the Charities SORP {FRS 10?) 'Accounttng and Retxyting by Charitses: Statement of Recommended Pratticeapplicthletocharitieg PTepaTing theiraccounts in accordance with the Financial Reportill(r StandaTd appli¢abl¢ in the UK aTrd Republic of Ireland IFRS 102) {¢ffective l January 2019)., Financial Reporting Standard 102 The FiDan¢iai Rep(Trrting StaDdard applicable in the UK and Republic ollreland. and the Chwiti¢s A¢t 2011. Th¢ fiDan¢ia] sthtanents havc b¢¢n preparryj under the historica] CO￿ convention. INCOME All income is recognised in the Swement of Financial Activities once the charity has enttdement to the fimds. it is probable that the income will be received and the amoulll call be tneasured reliably. Building Fund income Trceiyed in 2006 from Hertfordshire County Council is treated as a grant in the thaTitys books. ahhough in forni it Isprepaid rental forthe ￿se of part of the Early Years Centre by the Heath Lane Nursery. Ill the directoys, opinion the substsnce of the receipt is that it is a grnnt which is not Tepayable in the foreseeabl¢ future. There h&s been no offsetttng of I￿5 artd liabilitie& or Inc￿lle atMI expense4 unless r4uirEd or p￿Itted by the FRS 102 SORP or FRS 102. her r¢¢hargeable expenses repre5entthe sbare of otmting coms recoveTed from Heath lane Nursery and oth¢r user5 of the chartWs facilities. Donations and all oth¢r r¢c¢iPS fm fundrdising are reported gros5 and the rel&ed fundrnising costs are reported ill other expenditure. Gift Aid receivable is included in income when thtr¢ is a Yalid declaration fr￿n the donor. Any Gift Aid amount Tecovered on a donation is Considered io ￿ part of that gift and is trethd &8 art addrtion to the same fi]nd as the initial don*ion unlths ihe th)norof the ternis of the apEtal have specified otherwise. The chariry has received no d￿￿￿tio￿￿ in kind dwingthe ptri(KL Interest received is acc(M￿l￿ for when received. knyt&x r¢cov¢Table relating to interest income is ac¢ounied for in the same Fttifyj as the rela￿d inwme. VOLUNTEERS The value of volunteers. time is not included in the actounts but is de5cnW in the Directl￿5. ReporL EXPENDITURE Liabiliiies ar¢ re¢ognised as expenditure &$ s(xin as the￿ is a Iw] or constructive Obli￿tIOn committing the cbarity to that expenditure. it is PTobable that a trdnsfer of economic iKn¢ffts will be requwed in settlem¢nt and the arnount of the obligation ean be Tneasured reliably. Ex[￿dinIre is 8e¢ounted for on an accrnals basis and has been ¢I￿lfied under headings that a8grew¢ all cost related to the Catesory. Wh¢re costs cannot be dir¢£tly attributed to particular h¢adings they bave been alloc*ed to a¢tivities on a basis consistent with the use of Support costs have been allocated between governance costs attd i)ther suppott. Govemance tosts ¢omprise all cosis involving public accountsbility of the charlty and its compliance with regul*ioD good prartice. The charity no reth￿dan¢Y pa)Thents during the reporting period. The ehaTit! has creditOTS whtch are me&sureAI at settlement arnout￿ less any trade discounts. TANGIBLE FIXED ASSETS Depreciation is provided at the followingannual ￿¢5 in i)rdertO WTite offea¢h asset over its estimated us¢fvl life. Page 14 contit]u¢¢L.. SOUTH HILL CENTRE NOTES TO THE FINANCIAL STATEMENTS- ￿￿till•¢d FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES- ¢ontSttued TANGIBLE FIXED ASSETS Freehold proF FIxn￿$ and fittings Office equipment in accordanc¢ WTth estimated uxful lif¢ ofth¢ prol ?IP/o on c05t 2W• C05t TAXATIOL% The Company has been granted charitsble stst￿$ alld is thetrfore not liable to cOr￿￿]0n ttx on income insofar &5 income is eithcr not t&xable under genera] principles or ig specifically exempted by stamte. FUND ACCOUNTING The Unrestrirted Funds repr¢sentth¢ UnTeyrict¢d income which is e￿ndable & the discretion of th¢ directors in the furtheTance of the obje¢ts of the ¢lwity. Such fi￿d8 can be held in order io fjnance wot*ing capital and capital resources. Designated Fund5 are set up where the dirtttors cthsider it prud¢ni to provide reserves for special PUTP05es. Restricted Ful￿$ ar¢ srt up whtht donors specify the Purpos￿ for which their donations can be used and expenditUTe in res￿ of these purEM)ses is St￿lfiCallY allocated ￿ these fiujds. RESERVES The directors have considered the level of reseryes they wish to retsin. apwopriaie io the chariry's needs and descrfftbed this inthe Directors. RepoTL This isbased ¢)n the chaThtys Size andthe level of its finaT)¢ial ¢ornmitineDts. The directors aim to ensure the charity will be able to continue to fvlfil IÈS charitable objectives even if there is a temwrdry shortfall in income or unexpected expenditiue. The dirnors will endeavow to set aside fund5 unnecessarily. DONATIONS Ai¥D LEGACIFS 2020 Gitb DoDatiolls her grants and iu¢ome Gift aid t&x claim 3.000 1&950 299.620 2.500 12,478 287,539 5,506 323,453 303 023 OTHER TRADING A￿1VITIEs 2021 202 Faeiltty hire rentsl income Covid gralrt Other incoll Other re¢lwg¢able income Funthaising activities 20? 28218 19,822 5.013 47 20￿7￿ 22J41 92 80 43J71 Page 15 continued... SOUTH HILL CE￿iE NOTES TO THE FINANCIAL STATEMEh'TS- ￿lti￿ned FOR THE YEAR ENDED 31 DECEMBER 2021 INVESTMENT INCOME 2021 2020 tnterest received 565 787 INCOME FROM CHARITABLE ACTIVITILS 2021 2020 Activity Facility hire aLd renral income Rentsl Income Service charge Fees paid 53,613 11000 12,000 Activity fce5 CHAIUTABLE AcfiviTIES COSTS 2021 2020 Charitable Activities 481J92 490.97? TRUSTEES. REMUNERATION AND BENEFITS There were llo DirertOTS' remuner&ioD OT other benefits for the year ended 31 D¢wnber 2021 llor for the y¢ar ended 31 December 2020. Th¢ aggreg&e value of don*ions re¢eived from Dire&￿ or parties Tel*￿ to the Directotrs during the year was £2250 C020 - £4,390) Parties COnn¢¢t￿ to various Directors are anployed by the company and received mnuneration for services render￿ to the company. as authorised by Clause 5 (b) of the MemoTandum of Ass(Ki4tton. Those employed during the year and rela*d ro Direaw5 are Brian Boggis's son.in-law. Jeremy Keeley (Centre Developrnent and Operation5 Manager): bis daughter,Naomi Keeley (Finance Assistant of South Hill Centre). his grdnddauJtt ter Brodie Keel¢y (Carnaking Assistallt); alld his son-in-law Neil Harden (BBO Lite Learning men￿r). They received the following emoluments •]d anploy¢r5 Nl contributions: 2021 2020 Wages and salaries Employers Nl Contri￿tiOns 76.058 5.481 073 Directors were reitnbur5¢d fw out of wcket expenses incurrcd in ¢onn¢¢tÈon with the Djnning of the company. All sucb expenses are subje£t to the saltte internal controls a5 any other ex[rndI￿. TRUSTEES, EXPEL¥SES There were no m￿. expenses paid for th¢ )tar ended 31 Decemkn2021 nor for the year ended 31 tkcember 2020. Page 16 continued... soirrH HILL CEiYfRE NOTES TO THE FINANCIAL STATEMENTS- coutiDued FOR THE YEAR ENDED 31 DECEMBER 2021 STAFF COSTS 2021 2020 Wage5 and sa]aries EmployeT5 Nl contributions 274,635 10.843 285.478 No ernployees received emoluments iti ex¢ess of £60.(KK>. The averag¢ monthly DUtDber of ¢mployecs during the year was as follows." 2021 2020 28 Thettstal amount paid ¢0 keymanagement F¢T50nnel (Incl￿dingtrusteCsatsdselllor￿all￿ellt} fortheirserYic¢s to th¢ charity totalied £67,521 (2020- £61857). NET INCOMING RESOURCLS FOR THE YEAR This is ￿ated after ¢harging 2021 2020 D¢preci*i ludependent Exominerfs remuneration 37,713 38.027 00 I& TANGIBLE FIXED ASSETS Fixtures Freekold property o[r￿¢ ¢q￿1pment fittill Tots C05t At l January 2021 and 31 DeCernI￿r 2021 Dtpre£i4tio At l January 2021 Cha￿e for year 334055 76,482 9JOI 12.568 2334 423,90S At 31 December2021 14 N¢1 book valu¢ At 31 December 2021 1,6MSS3 15,986 4,070 At 31 LkcemFKr 2020 1000731 25287 1.692.322 Page 17 continued... SOUTH HILL CENTRE NOTES TO THE FINANCIAL STATEMENTS- CODtiJued FOR THE YEAR ENDED 31 DECEMBER 2021 DEBTORS: AMouKfs FALLING DUE WITHIN ONE YEAR 2021 2020 Trade debtOTS Other detxi VAT PrepasTr¢nts and *c￿ed income 10.927 119 1,071 357 324 399 12. CASH AT BANK 2021 Totsl funds 21)20 Total fu￿d9 General Restricted funds Iullds Santander Curr¢nt Accow]t Deposit Accounts Santander tnstsnt reserve YD rw cash 145.(X)6 77.474 51.930 6.204 151310 77,474 51,930 127,341 76.913 51,925 Total 274.413 04 280 617 256 182 13. CREDITORS: AMOUNTS FALLING DUE WITHIN OI¥E YEAR 2021 21)20 Bank loalls alld overdraft5 {see note 15) Trade creditors her ￿edItorS ACM￿lS deferred income A¢mied expenses 139 1,401 lJ69 74,712 24261 166 lJ59 ,513 72.139 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 2020 Bank loalls (s¢e note 15) 522 545 I& LOANS An analysis of th¢ tnaftlliry of loans is siyen ￿lOW.. 2021 2020 Amounts falling due within one year on demand: Bank loans Amounts falling between one alld two yeaTS: Bank loans- 1-2 yeaT5 24.728 24.891 A￿outhS falling thi¢ baween two and five year5: Bauk loans. 2.5 years 79,111 78.62) Page 18 collrinue￿.. soirt71 HILL cEiwfRE NOTES TO THE FINANCIAL STATEMENTS- eoRtintted FOR THE VEAR ENDED 31 DECEMBER 2021 LOANS- COD¢inu 2020 Amounts falling due in moT¢ than five years: Repayable by insthents.. Bank l(Ans more than 5 y¢¥TS by instalment 394.602 419,031 PROVISIONS FOR LIABILITIES 2021 21120 Redundanry pay provision 17. MOVEMEiYf IN FUNDS Net movement in fuDds TraDsfers betw¢¢D furt At 31.1221 At 1.121 UnrestTl¢t¢d General funds Xl,776 439D4 (63.765) 263.915 Restrieted fuod5 Restrictrd funds 1ffi9.915 (53J21) 1.765 1.070J59 TOTAL FUNDS Net movement in funds, inclth in the above art as follows: IDCOmiDg resources Resources expend¢d Movernent ID fuDds Unre5trifted General funds 1gU13 (14&409) 43,904 Restrleted funds Restricted fijnds 281,862 {335,183) (53.321) T(YTAL FUNDS 47 Page 19 CODiiuued... SOUTH HILL CENTRE NOTES TO THE FINANCIAL grATEMENTS- conli•wed FOR THE YEAR ENDED 31 DECEMBER 2021 17. MOVEMENT IN Fuf4DS- ￿ti￿￿ed Compar4tivts for movement in fulld5 Net oveme•t 14 f¥nd5 Tr8nslers between funds At 1.120 31.12.20 Unrestri£trd fullds General fiillds 126.92i) (1.601) 283.776 Restricted fuAd5 Restricted funds 1.072.1(K 113.786) 1.601 1.059.915 T(YfAL FUNDS l.i84.4(M) (40.71)9) 1.343.691 Comparative net movement in fimds, included in the above are as follows: InfoJDin8 Resources expended Movement UDrestricted [￿dS Generdl funds 169,781 (196.704) (26,923) RestrÈ£t¢d fuDd$ Restricted fimds 280.482 (294268) (13,786) TOTAL FUNDS 450263 (490,972) 40.709) A current year 12 Months and prior year 12 m(M)ths combined P(￿l￿on is &$ follows." Net Trsnsfers betwetn funds At 31.12.21 At l.lao funds Unrestrirt¢d fuAds Genernl fi￿d$ 312.300 16.981 (65.366) 263,915 Restricted fijnds Restricred fimds 1.072,11 167.107) 65.365 1.070.359 TOTAL FUIWS l i84.400 50.1?6) 1.334274 Page 20 SOtrrH HILL CENTRE 14iyrES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 17. MOVEMENT IN FUNDS- continued A current year 12 months and prior yw 12 months combined Det movement in fijnth. included ID the above are as follows: Resollrees expended MovemeDt ill fuDd5 r¢sowrce5 Unr¢str4c¢wJ fujmts Generdl funds 360,IV4 (343.113) 16,981 Re51ricted fwid$ Restricted 562.344 (629.451) (67,107) TOTAL FUNDS 50 126) I& RELATED PARTY DISCLOSURES There wcre no related paty transactions forthe year end¢d 31 D¢cember 2021. 19. OTHER DISCLOSURE ISSUES The ¢harity does not haye any commitsnents twvided for in the acc¢m. The thatity has not given ally.tsuarantees. The charity has Dol received any loans securoA on any of its assets (xher than disclosed in Noie 14 & 15 ab)ve. At the year end the charity did not have ally coniin8eni liabililies. 2￿ RISK A&SFSSMEIYT The DÈrectors are aware of the oeed to pr￿rTY manage and mitigate the risks faced by the Co￿panY. Details of how the charity has achieved this are provided in the Director5, ReFK)TL The directors ¢onfirni that they have paid due rewd io the Chatity Commission guidance on risk I￿rnent wh¢n adopting and implementtng p)licies for the charity 21. PUBLIC BENEFIT The charity acknowledges its requirements to demonstrate clearly that it must have charitable PUTPOSes or"aim$" that ar¢ for th¢ public be¥&efit. Detsils of how rhe ctmrity has acljieved this are provided in the Dir¢ctors' R¢port. The DiTectOTS confirni thartheyhave paid due regardio the Chariry Commission gUid￿Ctort publTC benefit befor¢ deciding wh* ¥tiviti¢s th¢ ¢FJarity should undertak¢. 22. DECLARATIONS Sufficitht resourrts are held in apPro[￿ate fortn to enabk exh fi￿d io be 4)plied in accordance with any resthciioms imp)se Th¢ Dir¢ctOT5 have not changed the year end date nor length of the charitys financial y¢ar. The charity did not make any material ex-gpdtia pa)ments during the year. None of th¢ charitys fixed ￿ets have been revalued during the year. Page21 SOUTH HILL CE]YTRE DETAILED STATEMENT OF FiNANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 INCOME AND ENDOWMENTS DoDatioRs Iwties Gifts Donation5 Other grants and incotne Gifc aid i&x claim 2,500 12,478 287.539 5,506 1&950 299.620 1.973 323,543 308,023 Other tradiDg activitiey Facility hire and rental inemie Covid grdnt Other income Otherrecbargeable income Fundraigirtg acttvtiies 202 28,218 19,822 5,013 47 20,570 92 43J71 53.302 lJvestJnent income Interest received 565 787 Cbarit2bl¢ activities Fees paid Facility hire and tental income Service charg¢ 073 53.623 36.843 i9.308 Totsl iD¢OmlDg resoiir¢es 471175 450,263 EXPENDITURE Cbaritsble activities 297,144 1,689 6,753 285,478 1,462 6,253 1.024 9,164 8,852 lJ32 96.273 7,360 28 1,402 12.000 12.000 IOJ17 26.178 479,123 Rent and rates losurance PhotiKopier Acrountancy fees Cleaninu and Tnaintenan¢¢ Staff costs and trdilling Operdiing costs Utilities Trnv¢lling CO￿puter expenses YIN Service charge Redundancy pay Pension Freehold property Carried forward 8,748 9.295 1.735 82,982 7?41 25 3,450 13,(M)O 10,636 26.178 470,057 This page does not f(ffm pm of the stanrtory financial statements Page 22 SOUTH HILL CENTRE DETAILED STATEME￿ OF FINANCIAL AcnvrriES FOR THE YEAR Ef4DED 31 DECEMBER 2(r21 2020 Ch8Titable aetivitie5 Brought forward Fixtures and fittings OffJc¢ equipment 470.057 9JOI 479,123 9,712 490,972 Total resources eX￿d 481592 Net expeodithre 9,417) 40.709) This p3g¢ th)es ftffm pat of the *atutory f￿a￿la1 sthtements Page 23