REC.ISTF.RF.DC"HARITI'NUMBER.. 1102820 REC.ISTF.RF.D Cn.%IPANI' NUMBER.. 05O46S31 KEPORT OF THE DIRECTORS AI%D FI.NANCIAL ST.4TEIIENTS FOR THF. YF.AR F.JYDED31 DECEMBER2023 FOR SOI.I'H HILE.CF.NTRF
SC)UTH HILL CEYTRE ONTF.Nl'SnFTHEFINANC.IAI.4TAI'EMENTS FOR THEYEAR F.)DED3I DECEMBER2023 Page Compa4Tr lllforrttation Report of lh¢ Direttors IndepeDdentF.x#miuer'sReport St2temeDtofTr-iDaDcialActivitie5 10 Statement of Financial Position Statement of Cash Flows 12 Notes to the Stgtement of Cash Flows 13 Notes to ihe Fitrgnti21 Statements 14 to 23 Detsil¢d Stat¢m¢tLtofFiDaD¢ialActivitie5 24 iv 2)
SUL TII HILI, C. b;NTRE CQMP..INI' INF'()Rll.4'1 In FOR THElf..IR END.1}31 DEcEIBER2013 Regi5tertdCharity numher 1102R211 Registeredcompanvllumbcr 05046531 Principal address C."emeiery Hill IlemelHcmp%tead Hertfor(J%hirc 11p1 iJr Directors Mr R CJ nakeq Ichaiman) Mr B l.FlorTgrys MT P J MaDnlrLSI. d I lth N(arch ?024) Irs K 8 IliKL'rrell lappoinied 14Lh Jung 20?31 Nlr g R Iloh13ppointed 20th April 20231 Nlr G Dll'rigbt IDdepe]]dept LIamiper J IpAinc%mith F('lF. Indcpcndcntkx&minersLid LTrui 2 The BroadbridiFe BusiDe45 Ceutre l)¢llLnglaD¢ 'csi £u%%cx POI¥¥NTF %olieitors P0tbeLar¥'.lthaM-e1d 84 E"cclc.ston Squarc Pirn]ILo l ondo s,1V Ipx Bankers %anianderUK PI.(. POBvAII?5 Bradtord RD19P(J IXcuit5' Piofe>%ioll7LI PartncT¥hipLLP Lnit ?.0? HiglL M'-ealdHouse. Gloi'crsDJd. Bexhill F.ast Sussex: United Kingdotn TNlig SE Pag¢ I
SOIITII FIILI. CF.N'TR REPORT 01-'I'HL DIRF.CTORS FUIiTIIL I'E,4R F_NI)}.I) 11 I)F-('I.IIIIP.R ?IITr.I The DeCt0T$presenl their repnn and thc fjnancial statetnents ofthe Company forthe year ended 3 Iqt l)ecefflbcr?023 Collstltution alld Coi'erDallce nuth I lill Centrc Is a tEilable COpanY limited bs, Euaranree, incorporatcd on 17th Februarv ?004 and iegisieied as a Lhariry on 24thMar¢h:004 Tbe CompanN' 15 e51ablishcd under a meOradu of .455ocialion iDCOtporaled oll 17th February ?004 as &mended by special resolution daied 18th No.elbtr ?0 l ? 'hICh 5et5 OUI Its objects and poweF5 It iR gOi.eed under ArtiLles of L%sociatioll. li was borlloutof SouihHIll Church(Hemel Hempsleadl. which i5 also a cbaritable Compan Itll1ed b}'guarantLC. The Direilots bal'e dual roles: d]e othtr being as Tlet5 of the Charits, lor the PUTPO%¢ of tyharitv law. I"he Director5 wbo have served dunng the periad and up to ihe date of thi% report are.. B LBoLgis P J Ito I l th.March 2024} K % lKe¢[S (fro 14th June 20231 SR Mohlfrom20thApril 20231 R (t Oakes (Chaitl G Dw'right PeierManllba5re51gned follow'it]8 8 change ot'ciriuttL%lances, wkn¢b is sad bc¢ause he was a valuable enber ()f the tearn. E&ch Director ha5 Si4lltfic2nt prol¢8sional sknlls and recogni%e4 the iTnponance olpersonal trainillg. Thev hap"e all attended appropriate trdinTng courses In th¢ p&%1 and theN' are all expecred to keep up 10 dait 1th deVelOpentS in TTrlee and DireLto)r Sp,)nSiBl1llitt TraiIiing niaj be specialisi iti nature depelldillg ot) the rtbyow%ibiliti¢.4 Ihc Director has. TheN' LO111¢ tu the airD5 aDd objecrii'e% of thcchariry.'Ihe l)irecliirs haie purch&sed I"nLs¢Lc' Inde0]tyl[lSIi[anCe. Jercmy K¢el¢v remains our tull lirt]e DevLlopmeni and Opetatsons nianager and manages thc copan. k'ery, efYtctivLI!' under the guidance and deth1on of the Directors, 0 Cary oui some of tlLe executiie runctio on a i'01[ary basis. The Centre emploTr'5 5tsff in Young Discoverers (YDI. the prc-%Lhool bv the Compan}., othcr activities and 10 prolrydc rcception. housekeepLlle and admimstrative support to the Compall%' We are plcascd that The[e cartght contwues to manage YOUD 05sLvveteis verv effcciii"el)'. Page 2
III. I'II IIILL ('I.-N'I'RI.- REPORT OF TIIE DIRF.CTORS '()R THF. I'EAR ENDED 31 1)Tr:C.-Tr,MBTr:R 2023 OBJECTII'ES AND .4CTII'ITIES Aim5 and Obj¢ctlV¢s fortb¢ PubliL B¥n¢fit lTre Director5 are aware ol- theii respunsibililie5 to prumotv dLlii'iLi¢s fvr the public b¢n¥fil. Svuth Hill Cenre exi515 to imprDNe the coiiditions ol. lift tor tliose in tht local conimunittj ol- Heinel Heinp5tead and the surruiindiiio area. lhis is achieved b!. Ihe proi Ision f high quality childcare s¢rN'ices dlvnLsid¥ dltivities and Strl¢e5 tv lh¢ benefii of L)Ilier m¥nibers ol'tht LvttLtnui)it} frum tuddlgrs lo 5eniorciiizens. asdescribed below. ()uF %'i%ii)n is 'l-o be dll thdl Ciod is Lallillo us 10 be. .1 o deillonstrate His love rhrough improi'ing rhe quality of lite for rliose iii our tommunit). building lifL-l0nLNre13tionshipsd demonstraring excellence inall we do., As a Christian based charity", the C'.entre s aims are ro. Be a Lentre loi social development ar1de]1-being IinproNc the qualitw of IifL and dei elop fijtuie generativns uf p¢Lipl¢ in its ¢ornTnunity ImproN'e so¢Èal Care. pariicularl!. for ihe les%ad¥aniabTed Htilp promoic an aciiN'L' and sociall} integratedLommunitS' DcN'elop sk.ills and emploN"ability thin lh¢ loLal communitv PruN'id¢ facilitiLs a¢iiiiiief to ttive support to local aEenLies, bu5ine5ses and other charilies Be a positi*e link beTheen the Church and li)¢iil LommuniTh' Main ObjLttii"tsfor2023 The main objectiN'es for 2023 and their achieveTnent are sei out in theiable below.. OBJF.CTIVES Fjei'elop our relatioIiship with South Ilill ('hur¢h which is impurtanl lo and pri)I'ide_% Ihc motii'ation for man!. (Trl" the community. dLliN'itics w'hich we orgaiiise throu811 the Cenire. tn paniculir. to continue to 5tr¢ngthen the rclaiiollship beNeen Yl) and S()uth Ilill ChCh Ltnd other Ccntrc actii'ities, for both einplos'ees and iisers ol Ilie -%en'icc. 'C shall continuc to develop this "hand in glovc" T¢lolionship. .4ClIDEVEmF.TS Thi% vbjc¢t1'C [% onc which 'e reiaill Ironi )Lar to 5t<. It has been at the foTcfront ol.our minds since the Pandeinic. F.xplore Ki itll Snrne nf our pJrtner% further 5crvIcc we ca orferro %otne of the most .lnerable in die c()n)InL1t. This has coniinued thr()ub7hoiil theNoar diid i¥'c l)a%'e increa5cd oiirslJPPVrtio those who are most iulnerablc. F.n%ure the cc)ntinuLd viabilip. of our Young Discol'crcrs PIL-school lyt)). YD prvyides care fi)r Jll Lategoriesol'cliildten within the appropriate aoe ur¥)up5. ()UT managLr is fthcu%sing on eeiinE ihe apprnpriate standards as reqiiired bl I)fsied Iroiii a secure prDte55iunal ba%L. %he is alsi) en.surintt that appropriate 5llPPVrt is gii'en lo morc 'u]lICrab]e childrLn. To generate hirL coMe ftvrll thos¢ aciii'ities w'hich are in line ith uurobjeetii'c8. ()rgan1satlOIl>athaV9tO rec()nEideTtlieirhiring ¢xpenditure as thc ccononiv conlinue% lo.%trugilL but e hai'¢ been abli 10 niaintdin 0 hire InLorne duriii¥ 2021.il'e kalue tlie %upport ul'thosE 1s.hv help (und our Ihe of tli¢ Tespon5ibiliiies tsl. some of our SL'nior 51aff has enabled us to strengrhen Our seTr'ice offering and our admini%trstIon. ThisubieciiTre isbeing folloK¥Ld Ihri)ugh satisfactoril).
SOI,'TH HILL CENTRF REPI)RT ()F THF. I)IRE(:"I-C)R. FOR THF. VF..4R ENDED 31 DECEMBER 2023 Aims and Objeetivts for tbePublie BeDtfit(ContiNutdl Oper2tions 2023 Kvas a strong vear tor the chariTh's opcratinns Thc Ccntre continucd io providc nn-soing services io the local communirj ar.d engthened its pamerships with other OfEanisdlions tu delier much needed 5tr¥ ice5 to sorne of Ihe hardc%i to rcach and mo need, as the 'Cost of Living. crisis took hold. SeTr'ices focussed on encourag?ing the phlsical and mental wgllbeingF of thosc hOM support. The CLnlre continued to d¢liN'er services to suppon the most lilnerable in the cDmmuniiv. "thi% incliided emplojinent support through the Road 2 Emplo}Thent project, in partneT5hip '1th Herts County. Council and other CDunt>' bed prolder.. "IhT5 replaced the s"rRlkE' project and ainied to engage those furthest awa}, from the job m2rket to encouratse and support them toward.- etnploN"abilitN', addressing brie[s ihe) faceiugellingihgre. ie C.entre continued to run its '1 leTiiel I lemp£te3d F.mpln}'abilit) and Wellbeing Hi)b' "I hese drL)pin sessions are every Tue£day 3nd FriddN' and ilLt a$ 2 'front d(¥ur' to all servi¢es that thL CLntrL ol"feFS. lTrev are supported b). seN'eral local organi%ations including Turn Point comple.x Need5 team. Care GTOH LiN'E (addiction support). Christians .42ainst Poi'en! IBudgelin¥ sllPPOrtI". Job CLntre Plus ]d IL)cal emplowcFS dnd communiti. groups. Tlie hub 'elcOMed an ai erdge uf i 00 Llienls through its doors at each session. Support offered included.. CV wnting, career deelop[DeDt. addiction support. hOing support: bu%iness awareneis. LonfidLnce building. wellbeing suppurt and a TrLnber ofbdSiC and niore adi anLed IT.'Maihs.'Lnglish CoUes. The Hub al%0 PTOI"idcd suppnrr for thosc with ph.%]cal disabilities and those with other significaJt battlers 10 ernplo)mLnt Idru8.'3lcohnl abuse." mental hLalth." homele$5nes5," criminal ieLoid", pariial si¥hiednc55 Ctc.). The Hub incoTporaTcd thc 'Dacorum Healthv Hub, and, working with DaconLm Borough Cuuncil, promoied UCllLTal w"ellbcing through the .servicc% that this oftered. Ir also pr<}lded a 'warm , cool space,. olTennrJ frec lood and refreshment5 to some ofthehardesi io reach overthe M inlLwr.' surntnerpeno Ihe Hub continued to act as tlie engagtmtnl Centre in I)dL()rn lor the 'MuliiplN"' PToject. This projeci w2% funded by Step 2 Skills: Hert% County. Council on bchalf fTrf the F)epanment of Educdtivn. "fhe airn of the projcct is rn taeus on everN'da)' niimer2cN and rL' engage indti'idual.s u'ho mas. be lackints in conlidence 1th Tnaths an(Lor hae nat achiewed nurneracN' qualification% in the p&sT. 'orkin¥ ii.ith several other partnLrs across tlie Countv, South Hill Centre engaged sLvcrdl hundred individuals and Shared best practi¢e with othLr hub% bling sel up around the Count!. In re%pon.%e to increasing neLds loLallK trom As} lum Seekers and RefUBLe in 202i. the Centie continued to dei'elop its aciiiiw 'SHC International,, and soii£ht fidIng froin 14Lrts Li)mNillnTN Foundalivn dnd Herts Counll Cuuncil 10 support the dc&L'lupmeni of this. i orking alongside (Trther orgyanisaiions. such & Herts Welconies Refugees. Reed in Partnership. Ilens MtND nen¥oik I'Flourish' programmel the opeTations of the Hub on Tuesdai, aft¢mi)ons adapied to lucus on international clients offering frce F.SOI. provision. alongside guidance on nai'igaring svstems anil processesthal theN' neededio follow. A stron¥ relationship continued lo develop the local displacild LTrraInit Com]nunil% and fLdIn¥ was provided ro support scTreral one-off commullitv events. It resulted in the dei'elvpm¢ni of a ne regular actii'itk. on SaiurdaN' mUTnines lor Ukrainian chtldren io learn aboutiheirnative land. 'oung DiScotrerS IYDI. our chariThJ pre-school h]ch operates in the EarlN' Ycar% CtDlre IEYCI building. has remained open ¢hr()ughiiui tht L., offering ietm time sessions. Its pre-scliool se.%sinns and nurserv cl5 15 spread over 5 daN 5 edLh eek and take-up continues to he hioh. Yl) maintains its ()fslLd Taimg of Good Theresa Cam¥'riglit ¢oiiiinues as NqanaiTer of I'D and focused on chdllcnge5 faced, partTcularlv StafFg levels during this ditTi¢ult vear. She 15 responsible to th¢ Directois for the effLctive rw)ning uf the Ite-schwl. Squealers: our carLfs dnd tnddleTS gTLlUP. i4'hich now. pro]deS I SLSSi(Trn per M'eek tu sume 10-?0 toddlers. Continued 10 upeiaie siJcce5.Rfull)': as dTd Table 'l'alk Plu8. 2 luncheon club: whÈch Tneels on the IITSI Thursday of cach Tnonth i¥sth over 40 clients at each SCS5ion. Pa2e 4
SOI'TH HII.I, CENTRF R Tr.P()RT OF. TIIF. DIRF".CI'ORS FOR I'HE YEAR DFI) 31 1)F.C".PMI BF.R 2023 Aims aud Obj¥rtiie5 for ihe Public BeDefit IConÈinu¢dl During th15 period Ile Centre continued its work pivkidingy 5upporl lor 501ne of Ihe most kulneiable w'UTnen in ihe lo¢al area particulatlN Ih05e Iinpacted b¥ Ilie signifiLant increase seen in Doniesti¢ ilbus¢. Several N'irtual suppoN sessions dnd IdrgFeted DIilJne courses Her¢ held lo support the ladies )d help them move on in a positive direciion with the lives. This ThOTk" continued li) be sUPPOrted bl. thc Baicliworth'l rusi. i)r(l¥r lo connect wilh soine of tlie iie¥diest pvuple iri the area. the Centre continues as a disiribulion centrL and koucher issucr for the DF.N% Ilacoruffl Foodbk. ThJ5 serviLe off¢rs par¢els i a ileek sai¥ d sigTnifi¢ani increase in dgrndnd in this fin8Dcial 'ear as ihL impact of the'cost of LIing, crisi_4 wa£ felt The Centre continued to host the Hemel Mc)niing D¢af Group pivN'ided lUS with Herts Vision L055 dnd 'Talking he.PaperS gruup. lu supp()M indiNidua15 impacted bN' these disabilities in the l()tdl area. Support group£ from these or?anisations oltlended the Centrt OD 8 re2ular b1$ Bv dLe end of Y023 Ihe CLiitre d rther gTowih in thv detnad frotn oiher chdritablL and sociall) foLiissed oitsanisaiions lo hire Cenire facilities. Ilirers included.. Slep 2 Skills, IlThizz-Kidz Iivheelchair clinic81.. C.arers in Herts. NHS WLllbeingT TeaThs'. l)acorum Borough CounLiI. Hertlord5hire Counij Ci)uncil.. Pla} feel 'lheaire C..0mp', Home Start Dac()rum: Kead in Partner%hip", Shai¥ "Irusr". Rock Choir,. Jupiter Choir. l.ondon Show Choir,. Hdrt LcaTnillE Ipart of North Herts Lollege)." Free 2 LcaTn". Cunimunitr. .4ciion l)aconun," amonosi man5.. Otheri. Collectii'el! th¢v proi tdc(l training. adi'ice. acrivitie.% and suppurt to IhL' Iucdl comrtjuniti. hu%ted man) comrnuntty wide eN'enrs. Jlll of these organisarioiis, manj of Kvhich opcratc in the ihiTd ectOT. were involN'ed in running a¢tiviries knhich Tncei sornt ot the aim5 and chariiable objeciive% of the Cenlre a cJutliDed abo%'c. )e charifv'5 facilities coIitiJiutd to be iised Soiitli Hill Church for 'eddIng5, funeralb, 8undaK serN'ices and other Chrisrian acriities. over ChFi%lmag ihe Lhdrity. r¢ ils th succe55fiil Lhr15tn]as C(01 ci."cni, 'hiCh sa. members of a Ii)cal clioir sillLV ouiside the buildin? io encourage the local neighbours to join in and receii'e iome ChrisiTnas chccT. This Lvcnt I25 support¥d bj the Ri)mw)ian ¢oinmuni1v who shate u%e of the Centre building on Sundavs. l-he l)ire¢t(ITS are ¥erv bJTdielul 10 ihe stal-l- and Trvluntrers h0 helped iviih all Ihe acti&ities i¥hicli lie hal'e beeli able ro prolde during the vedr. man of Ihost wlits hait sern.ed art nitnibtrs ol Souih Hill Churih who g]e Ire¥l!' ol. tlieir iinje. li e ari, pleased Ihdl ¥iiluniLLrs from Ihe l(Ical ivmmiinit) also iv(Trrk i¥itli 115. l)ire¢tors proi IdL rheir iiJn¢ i'iTrlunt4irili. Main ()bjettivtsfor2024 ThcTnain objcLIIvLS fur20:4 atL tu. ConlLnue 10 del'elup our ielaiionship Mith South Hill ('IiurLlI 111¢h is lll1por1t lo u% pri)i ides the niotivdiion fi)r man) of tht ¢omTnunity actik Ities knhich li L ()rLiaiiisL' throu ] thL Centre. Explore i¥iih some of our partners further seTrices w'e can ()ffeT tn soine of Ihc tnn%t lI1eTable in thE cumrnunii} 10 tnect thc ei.er changin¥T nccd% ol Ihc local pi)pulation. Explorc altcrnativc fundino opportunities following thc ticIpa[Cd end of large ¢oniTails in Marcli 202). Jeneraie hire incomc trom rliose activiTie.% %hIch are in line with our obJectlVLS. Ensure the continued N'iabilits of UUT Yo)ung DisLvveTLrs
SOLITII HILL Cb.NTRE REPORT OF THF. DIRF.C.TOR% FOR THF. I'EAR ENDED 31 DECEP¥lBER 2023 FIiNANCI.4L RFV'IF.W The Centre has a broughi forWd surplu¥ of £ l.i64,87i and the deficit of incotninx ie50uices lor the veal £7,596. "1-h¢ reniaining surplu s balance ol"£1.3.57,277 will ht carricd fon%ard io the next )'ear. The total income foi the }'eaT £487.847 1202? £527,691). Young Discove15 is self-funding bv u'd} of Ioc81 authorit) grantE: lees received and fundraisin¥ actiN'ities. Grants of £ lJO.660 (2022.£1 I 4,9691 <d student fees of £35.16412022". £2829)) ere received in the Trear. The DectorS acknolede the generous giN'in¥ bv the Chtrirni's supporters MarTr of thesL' ari, members of South Hill Church and during the v¢aT thes¢ supporters gave eitlier dirtctlv (including Gifi Aid where appiopriaie} or indirectls. some £6,600 12022 £7,?90) The total expenditure for the N'e8T was £49i.44J {2022.. £497.092) all of which was spent on ¢hariiable aetiwities and governance cosls. At the en(L the Companv had net 8ss¢ts of £1,357,277 {2022. £1,364,87)I rtpresenied by unrestri¢ied ndS of £2i9.074 1202- £254.i801 and restricted fidS of £1,098,2UJ (2022. £1.110,49-.1. All granLS reteivtd from ihe local authorir). 10 the preschool are treaied as restrictel but other inconie. mainly con]pnsing f¢C paid parents where grani is not receI.able in respect of particular children. is unrestricted. The remainder of the unrestricted fund in¢ludes desi_enated ¥ifis and which the Centre has obtsined. The Centre has ¢ontinuLd ta pal. off thc mortgage trom Kingdvm Bdnk and il is enc(}ur2tsints to see a total repa)Inent of £53297 {Capital repavmenl of£17.701 and lniert £35.596)durin?the period ihtoueh the Centre'snoraI munthly Panents. The l)irectors 8re awarc of thc limits proyjded bN' the Financial Serviccs Compensation SchemL and aTe seeking alternatIve secure dep051tarrallgeTnent5 forsoTne ofthe fund5 curtentlfv held bl" Santsnder. 'I'h¢ Dire¢tor% would lik¢ tts thank Ane¢na Kuku and h¢r Staff ai Acuitv Professional for their assiit8nLC in maintainino the accounting record dunng thc ycar and the preparation of thesc financial 4tatemenLS. A number of other i'olunteer5 pro&ide rinancial tnfomlaiion for the aciiN'iiies wirh which theN' are inOI.ed, and our thard(s are extended 10 these. and also Naomi Keelev our financial administrator. Re5ep¥es polic!" goingcoDcern Reseri'es are needed to bridgL thL' ¥dP bLbiwcen the SPLnding FL¢eii'ing of income and to cover unplanned Lmirgenc). rtp2irs and other expenditure. -lkne Directors iecogni5e Ehal il 15 be51 PTaclice lor charity optraiions io rLtain h]nd% repres¥nlinfY dt least J onth5 expenditure in the Compan),5 bank accounrs for contingCnc purpnge This is based on thc charitv's sii.e 2nd the IL'I'L.l (Trl- ifs finaTicial ¢onimitmenl. The Director% seek. 10 manacye thi5 lor buth Young DiscovcrLrs and the chariiN" s vth¥r aciivirie% and thi.% h&% been 3¢hTeved in the sear. The tJiiector5 H"ill ensure the charitr, is able EO continue tu lulfil it5 charitable obligations and M-ill setk to tnaiDtain this level of reserves in 20?" The Directors believe their future plans provide for a flo ol. funds H,hich w'ill maintain the fancial l'iability of the Cornpdnj. NlunthlN' Tnanauement acc()unLS and cash flow projecrion5 are prcparcd and compared with the annual budgci. hich is regularl reviewed again%t actual fIge$. We e also seekints ne. source5 of finance and ne. projects are iniliated uniil their fthancial requirenienL% are foie¢asi and se*Sed within the oi eiall financial position of diecompanv. The Directors haN'e reOnable expeLt(Ilion that thc CUmptr has adequate ie50urces to continue in opLrational existence for the foreseeable fuiure,thus e continue lo adopt the qoin(y C()ncem basis in preparin07 the fInancial statements.
SOL TH HILL CENTRE RLYVRI- Ub-l-HL DIRECTVKS FOR THE I'EAR ENDED 31 DECEMBER 2023 STRI5CTL'RE, GOI'ERN.4NCE .AIND mANAGE.lF.T (JO%'erning document "riie charilN 1% Liinlrolled b!. ils goN'emiTigd()tLiment, a deed nftrust and con%iitutcs uninearporared charity. Rk maDagement Tffte l)Ire¢inrq are am'are of their responsibilit5 to properlN' manage and mitigatc the risks faced by Ihc Company. As such, Board rcprcscntatii"cs. Ihc Opcratlons Manager and ihe Young t)iscoverer's Manager review, and update a seliedule of the majnr goN'¢rnance. operaiii)nal. financial. and cxleTnal nsks facing the cu[npaD. at ledsl dnnuallN. Thei. identify, the likelihood and puienlidl itnpdct uf ¢ach iisk dlvng M'ith preeTittIt inea%urcb, adoptLd or plannL'd. to miiigdtc thLSL. Tlii Bijard tliLt] considers the rc%llltwit schLdule and its conclusions. endursin&T a I&[ ie¥isler ol risks w'hich are revieiied Ihroublioui (he lear. aloiig M'ith cnierging rISks'hIch might allect the Cumpan)": anv tinanLidl illiplicdiion5 are incoTroraied intu the Ual budget process. The Board is satisfied thdt the n]ajor iisks laLin¥y the C.Iinipaiiv hawe bLcn identifi¢d and arL b¢inÈ Jppri)priaiel!' addressed. In pani¢ular. th¢ Bi)ard LiTrnsiders that the kej risks curreiiil!. facing the Cotnpanj ateas lollows. Maintainin¥ cOme lo support the activitie5 undertaken. WL loi)k to dii'eriify our source¥ of income, are prudent in the proJerts e tak¥ (in, wi)rk ltI7 partner organisations where li'e deeni this i5 ¥ITeLliiJe. and kLep a closc LK'C ()n cosis In 2dditian. 'e m2int2in lijnds repre4¢niing 21 le2sI .3 montli% expelidirurc in tlle ConipdnN" s batkk dLLiiunlS. aeknowledgin(T ihai snine nt the%e funds ma)" bc required to col'er necessar). expendituie in th¢ absence of previousl}" anticipatcd income. l.oss o( kil, Staff and hiL7h siaff li0¢[. Il'v aim 10 bL Linpl()!Lr c)f choice. Il'e reLobpnise tlie itiiportajice ol pii))iding staff ith d pusilive wi)rking enviri)nment, a livin8 wagc. and the flexibility. 10 Tnaintain 3ll appTopriaie work-life balance. Ive also seek to btilance thl challcngc olinaiIitaining pai ]d benehis ai an dppri)priat¢ level. during a period i¥here a number ol"OUT eTnpli)J¢L5 hai L had to be lurloublied. M'iih the On[11n i'i(thilil!' ol"Ihe oreanisatioji. We regularli. benchniark salariLb paid with industrw nOs. As 5ULh. .¢ hdie 4 r¢141ii'el%. .%iable staff population. Reputational damag)e leading to an inabiliti. lo meet oui aiTt)b and vbjeLti%'es. We undertaki Icgular DBS checks tor all staff and i olw!Iccrs workinLy w'ith Lhildren and vuln¥rabl¢ PL(JpIL. lidVL safeguardino olticers and cop[ChejI5l5t cliild piol¢¢lioIi. equaliti, and diN-ersiti., health atiil safetl.. food l)NgieIie. tITe risk: LonJplainlS. expensc5 dnd da13 protection policies in place. Specific Irainin i% gAell where dppropriale lo Oll[terS ]d ernploNe¢s lo help mitigate risks. YD is InonitOTed bj C)fst¢d. lrnpact of Goierrllntnl pvliii OTI graiil iiiLiiinL Paable 10 Yuiing Discovererb. the lax regimL th¢ Lompanj falls under, or on the use of volllnteer_%. Although these aspeLt5 cannot bL directly influenced bi, the Cotnpany, Ihe Board TcgTiilarl) rei"iew_% thc effcclil'encss of"i15 Straiegic dire¢tion dgM'LII as monitors and seek's advice ¢h2nges. and poienrial changes, in GoN'crnTnenl politi. The Bogsd can confinn Iliat 5V%tems hatt b¥en Lstabli%h¢d to ¢nablt regular Tepon5 10 be produced 50 thai the nccis5ary Steps can be taken tu InanaLye Ihese risks.
SOL TH HILL CENTRE REP()RT C)F THF. DIRFCTORS FOR THF. YF.AR F.SIIF.D 31 DECE.NIBER 2023 ST.4TEP*lE.NT OF TRL5TEES' RE5POISIBILITIES Cotnpanv and Charitv law require Directors io prepare a Directors Report ld the financial sidlee1s accordance wilh applicdbl£ la andregulattons. Ihv aocvunts fvr Each f1CIal N'eaT aTe iequiied to give a true and fair viem. of the slate t)f affdirs of ihe CDmpanv and of rhe surpl or deficit ofthe Conipani. for that perii)d. In piepar]ngihese aceounls. the Directois are required to". select suitable accountin.q policies and ihcn applN, them consI.%tentl). appl J thL' miiihodb priniiplcs %¢t Oul in thc CharitTe5 SORP ake jud(Ternent5 and estiniates that are reasonable and prudent, and prepare accounts on the 40ing Loncern basi5 unless It is Inappropriate to do so. The DiTectors are respoIisible for keeping pr()p¢r a¢¢i)uniing FeLords which disclose. with re&%nnable 4tCLurac5' al 3ni time. the financi31 posiiion oc tlie L(Trmp2n) and i() enable them lu ensure that thc accounts eompls with the C'ompanie> Act 2006. 'Ihey are 21go responsible for safeguarding the a8£¢ts nf ihe c.0tnp81, and hence for takg reonable tepS fur the preventlOD and detection offraud andvtljtr irrcguldriti¢s. Thc l)Irectors have oi'erall rcsp()nsibilils' fi)r en%uring that the Companv h2s 2ppr()pridie $8'.siems of internal cL)ntrol a¢ri)ss the entire orgTdnisation. Ihc s¥"%tcms of internal control desiÉmed to PToTride rtafonablc but not absulutc sUrancC again tndlcridl misstate]nentor105S. St2tementastoDisf losure of Infortllatioll to the IndepeDdent Examiner The Directors of the CoinpV ilho held 07¢¥ at the dale olapproval of this report conf thal. 50 fat as thc), are each aaTe. there 1% nn relevant infomiaiion of u.hich the Independent Examiner is Un8.are and each Director has Lak'cn all ihe slep5 that h¢ oughi ro bave 12k-en & a dirc¢tor 10 Tnake hnse1(aWare of anv relevant infomiation and io establish that the liidependent Examiner is aware ofihal information. No meTnbers ha&e iequired the compan! lo obtain an audit of 115 acLuun15 for thc vear in question in accordance with se¢tion 249(2) of IheCoTnpanies Act2006 '1hedirLcicir% acknowledge Ih¢irie5punsibilil}' for.. a ensuring the ¢ompanN keeps acCoUntg rtcords which Lompl}" 'ith section 21 I., and b prepanng 8¢counts w,hiuh giie a thie and fair Niem of the stale of affaits ol" Ihe cotnpanN' at the end (Jf ils f]nanLial year and of its profit or loss lor the financial }ear in lili0rdCL 1th section 266. and ku'¢h otherISt Compl. with the requirement5 of ihe Companies ALt relating lu accounts: so far as is applicable to th¢ Lompanv. Related partie5 I'hE CompanN' no related parries: other ihan discloged in NotL 7 10 the AccounLs, but has worked closel) with man) different agencies. In particulat the DireLtors value thc %uppon of Hertfordshire Count! Louncil: Dacorum Boiough Council and South Hill Church De¢larAt10115 Ihe COTnpan)' has iaken adi'antagL of the small companie5, exempiion In prep2ring the report above. Approved b}, ordcrof the board of directors on.. and stgncd oji its behalfb Nlr R G Oakes- CF]aiman PaLTe 8
INI)F.PF.NDEYTE.XAMIYER'SREPORTTOTHETRLSTEE80F- SOIITH HILLCF.NTRE I repon to Ihetrusiics on niv examiiiatioii of the acc(>unL% of the South Hill Centrt furthe Jedrended 315t December ?0•2. Responsibiliti¥5 aDd bx5is ofrepvrt As tlie charir!'> trustees ot the ConipanK (and also ils direciorb lur th¥ purposes uf compaoK' lawl vou are respun51ble for the preparation ol'tht aLcoiints in aCCordce i¥Jdithe requirenitnts of the CompaJ)ies.4it ?0061'ihe ?006 Aci'l. Haliing Sdlisfied In}'self tlidt the aLciJunts of th¢ dre not required tu be audited u])der Pdrt 16 of the 2006 Act and are eligible foT indepeiident examination. I repon iii respect ot niw exaniiiiaiion of N'our chariry s accounts ¥ cxrried vul ut)der 5¢Lliun 145 01. the ChItIeS ALI ?0 I I I'ihe 2111 I ALI'I. In larry Ing oul mv Examu]ation I have lollowed tlie Directions giN'eJi bN the CharJt¥' Cvmrni.%sioll ulldcr Section 14fj(51 Ibl ijfihe 2011 .4ci. Independellt examiner's statement Since Ihe Cotnpanv's Er055 iiicome exceeded £250,000 }our examiner tnu51 be a membei of a bod* listed in sectioii 145 of the 2011 Act I cÉ)nfimi rhat l am qualified to undertak'e the exaniinaiion because l a nicmbcr of lin.%ert named of applicahle Ii%ted bod) l. hich is one of the listed bodics. I have completed m). examination. I coiifirrn that no niatter.s have conie to attentioii in connection M'iih the exainination giving nit causelv beliLVe-. accolting rccords were not kept in iespect of Ihe Compan! &% required bN %ec¢ion 3¥6 ()f the 21106 A¢t' or Ihe a¢counl% di) not 8v¢c)rd 1th tliose rtcords.. or Ihe accounls do iiol coniplv w'iih IhL <tcii)uniingy rLquiremenis of seliion 396 of tlie •006 Act otherthan an!" requircmcIit that the accounis gii"e a'true and lair iriei¥ 7¢h is nut d matter cthn%idered 2% part af an Independent examinatii)n-, i)r Ilie accounts haN'e Jioi been prcparLd in dLLordanLc i¥iih the meihods and principles of tlie Sratemcni of Recommended Pra¢iii¢ for3CCOi)ntingaiid reportingb}' cliarities lapplicable 10 Lharilie8 priparingihcira¢cnunt.s In accordance i¥'iththe Fina]icial RepollingF sidd applicable inthe UK and Republic nf Irel3nd IIF'RS 102)] I have no LonLerDS and liak¢ LDIliL across iio other matter5 in connection ith lh¢ ixaminaiion ¢() i¥hiLh attention %hauld be dra'n ill Iliis r¥POrt in ordeT to esiable a proper understanding of thc aLCOUllts lo be reachcd. J lTrTne%miih F'ello oftheAssoLiation DfCharitN Indepeiideiii F.xaminLfs IndependeniExaniinersLid I'.nil ? The BroadbridLie BusinessC".entre I)ellingl.L. Bosliani, li e5E SuqRex LNITF.D KIN'(JDUM P0188NF Pave 9
SOLITH FIILL CENTRE STATEMENT OF FINANCIALACTlVtTIES FOR THE YF.AR ENDED 31 DECEMBER20 20123 2022 Toial fud5 Lure5tricttd rund Restricted fuuds fvnds Notes INCOME.LND ENDOIVMEYTSFROfvI Donations and legacie5 1221,4(17 136,092 264,499 i58.28i CharitablexctiTrilic5 Rcntal IncoTnc Aciii'itv f¢c5 168,984 20J79 1.83,Yt14 35,164 13f,883 28,29) 14,78) Other tradino3¢tiKilies Inl'estment income 1,900 2,142 l¥ 2,Oi8 2.142 5.081 149 321,812 166,03 487,847 527.691 ExPEDITI1RE ON Ch2rit3ble acÉiiiiies C.hdrildblcAciiitic 317,118 178J25 495,443 497.092 NET IfN'COll¥lEIILXPEINDITURF.) 4,694 1122901 17.$961 30,599 RECONCILI.4TION OFFLNDS Toial funds broiighi forward 2$4J80 I..I 10.493 I J64.873 l.j34 ?74 TOTAI. FUNDS CARRIEDFORWARD 259,074 1,098203 lJ57277 l.i64.87i 'the noies IOTM part of these Fu)ClaI staietnents Vage 10
SOUTH HILL CENTRE STATEMEN'I. OF C.4SHFLOWS FOR TIIE YEAR ENDED31 DECb-MBER2023 2023 2022 Cash t]vTh's from operatiDg activitit5 Cash iFeneraied from operaliong 38,089 51,993 Net Cash proi.id¢d bi. optrating actifvities 38,089 51,993 Cash fl•H's from investiog attivitie5 Purchase (If tangible lixed &44ets 15,084) 16,17.il Ncl cash used in investing acliviti¢% {.S,084) 16,17)) Cash flo.5 from fLDaDcing actii'ities Loati repa)Inents inyear (q3,297) 147,12)) INet cash used in financing acti%'itie5 {.53,2971 147,1251 Cbattge iu c2%h #lld ca%h ¢quiNalents in the reptsrtfftngp¢riod Casb and cash equivalcDts at the begiunillg of the reportingperiod {20.292J {1,3n71 279.31'0 280,617 Cash and cash iq11.81¢ts at the end of the reportrDgperiod 259,018 279.310 Ihe notes form part of Ihese rsnCial statements Page 12
SOL TH HILL CEYTRE STAI'F.NIENI' OF FIPIANCIALPOSITION 311)F.CETrJBER 2023 2023 Total fulld5 2022 UTLf¢stri£ttd fund Re%tri¢ttd fuDds otes FIXED ASSF.TS T]g]ibl¢d55¢l5 10 12,814 I,S82,196 1,595,010 1.624.520 CURREINT ASSETS D¢btOfi Cash at bank 22,491 248JY¥ 22.4YI 259,01¥ ,oio 279,3 I(J 12 10.720 270,789 10,720 28J,$09 291,3iO CREDITORS Amoun15 lalling due w'ithin oneyear 13 124,5291 (18,9821 (43,Sll) (67.546) NET CLIiREh'T ASSETS 246260 18,2621 237,998 2?3 7$4 TOTAL.4SSETS LESS CI;.RRENTLIABILITIES 259,U 14 .573,934 11.833,008 1,848.i04 CR Tr-DITORS Amounts lalling due afi¥i morc Ihan one sear 14 1460,731) 1460,7311 (471,4ill PROVISION.$ FOR I.1.4BILITIF.S 16 114,000) Il,0001 112.0001 NET ASSETS 259.074 1,098,2U3 lJ$7,277 l.i64,87i 17 Lnresirieted funds Restricted ndS 259,074 I,f)98.203 ?54,i$O 1.110,49i TOTAL FLblDS 1,357,277 l. j6 J.873 For Ihe financial ended il DeccmbLT 2n2i, the ¢ompanv enlitled to exemption under section 4 17 ot. thc Companieb ALI 2006 relating to .%mall companies. No Tnembers havc requued the CO[npan io obtain an aiidii of il% accounts for the vearendcd J I sr Dectniber 202i in accor¢Jan¢e with 5eciivn 476 of th¢ Canipanies Act 2006. The dit¢¢tors aCknoledge their TesponsibililIe for cornpl}'ing with thc requirements ol" the C.()mpanies Act with r¢spect to accounting rLcurds ld the preparation of ac¢ounrs. These aecounis have been prepared in acci)rd3nce with the propisions applicablc to companies subj¢LI t() the small ioinpanies, regime. JThe fancial slJtement% e[C approl'ed b! the Board ol-I rustees and authorised foi is%ut on and weie %igntd on ils behalf bi.. Mr G D Wri8ht-Tnee Thc notLS form part of these financial statements Page I I
SQUI"H HILL CLNTIiE NOTF.q TO TIIE STATF.MF.NT OF C.'A%HFI.OW"S Tr'OR THE YEAR ENDED 31 L)LCLMBER2023 RF.C'()NCILIAI-IOE) (IF., NEI. IEXPENDITL.'REIIINC'OME TO NET C'ASID fr'L()W FR()M OPERATING ACTIVITIES 2023 2022 Nct IcxpeDdtture}lineome for tbe reportlD¥ period {as per tbe.%tatenJent of FiD#n.¢i¥l A¢tiX'Lticsl Adju%lments for.. D¢prLcialion charges llltere%l <)ll loan IlJiLrcdsL},'dcLreasc in debtors Decrease in¢rediiors {7,5Y61 35,596 (10,4711 (14,0331 20,678 (3i.6381 et Ca5b proi'ided b). operations 38,089 AN.4LYSIS OF CHAjGES I) NETDEBT At 1.1.23 Cash fl05% At31.12.23 et casb Cash at bank 279.310 (2U,292) 249.018 279,3111 110292) 249,018 Debt Debis talling due ii'ithin l N'ear DLbi% Idlling duL aliei I vear (24,702) (471,4311 7.002 10,700 117,7001 1460,7311 {496.133} 17,702 (478,431) Total 1216,823} 12,i90} {219,413) The notes forni part of these [inLia] staiemenis Page li
SOII'I'II IIILL CETriTRE NOTES TO THL FINAh'CIALSTATEMENTS FOR THE YEAR ENDED 31 DEC.EMBER2023 ACCOUNTING POLICIES IIASI% ()F PRF.PARINC. TIIF. FINANCIAL STATEMF.NTS The tinancial staiements ot" the charitv, 'hIch is a public benefir eniity under FRS 102, haN'e been prep2red in 2CLI)rdan¢e with the Chantie% S()kl' IFR£ 1021 'Accounling and Rttpc)tling by Chanlie5". Statement ol. Recommended PractiLe applicable to charities preparing IlTre accounts lll accordance with the Fin1claI Reporting Stsnd<trd applicdble in the U'K and Republic ul" Ireland (FRS 1021 l¢ff¥Lliv¢ l JanEiaTh 20191.. Financial Reporting Standard 102 'The Pinancial Reporting %t3ndard applicahle in the LIK 4d Republic vf Ireland, and the Charities Act 201 l. The falle1a1 stalemenis have b¢eii prcpdrcd wid¢r th¥ historical cost conN'ention. IYCOME All income 1% recognised in ihe Statement of Financial Actii'ities once the LharitN enliilLmcnl lo the funds_ It is probable Ihai the income will be received and Ehe amount can be Meured reliabl5'. Buildin£ l.und income rectii'ed in 2006 from Hertfordshiri Countv Louncil 1% treaied a5 a ¥ant in the charit! s books: although ui form li Is prepaid rental for the use of part lif IhL F.drli YLars Lentre bi the l.leath Lane Nur%er¥'. tn the director5. opinion the 5ub5tance of the receipi i5 that it is a granr "hICh is not repas'ablL in the foreseeable tiiture. There has been no oflsetting ot. as5et5 and liabilities. or incon)L and expenses: unless FequiFed ur permitted by the FRS 102 SOIiP or FRS 102. Other rechargeable expL'llsL'S fLpresent IhL yharL uf OPLiaiing ¢osls re¢overed froin users olthe charitv ¥ la¢iliti¢s. Donations and 311 other rLceipls trom fundrai%ing are reported gloss and the Fe131ed tundr2ising Losts are reported in other expenditure If the chatifi. has defeTted inco]De, it iDcludes such income in the cllrrini NLar and sho5 the amounts relel,d from deferred Tneome in previou% 3CLounting perii)(ts separ2telv. (iift Aid re¢eiiahle is included ill illcome H"heii there is a i'alid declaration the donor. An¥ Gift Aid amount r¢Lv¥ur¢J on d dvnAtiiJn i% ¢nn%idered 10 be part ol" thai qifi and is treatcd an additton t() the satne fund the initial donaiion unlesq IF]t dunor ot-thL' ILrnlS of thL' dppeal have pecilied oilietw'ise The charity has receil'ed no donarions in kind during the perivd. Intercbt rcccived 15 accounted for ii'hen received. An}, tu recovL'rablL relating to illteresl income 15 aLcounled foi in th¢ same period as ihe related income. VOLUYTEEtLs Th¢ value olTr"oluntecrs' time is noi tnclJded in the aeL()unis but Is described in the Directors, Rcport. EXPENDITURE l.iabililÈe5 3r¢ re¢ogni%ed expenditure as soon as therL' is a leg81 or con%iruclive obligation Lotnmitting thv lh1t to th&t expenditure. li is probabll Ihal a Iran%ler of e¢onoTnic benetits H ill bc rcquired In ieitletneni and the amount of the obligation can be Intured reliablv l."xpendiiurL 14 accounted fur un an accrual% hasis and hds been Llas%ified under heading.% that agoregate all cost rLlalcd 10 thc caicgoTr. 11 here Costs caiinot be dirtLilJ &ttribut¥d to particular headin8S thev haie heen allocated lo activiiie5 on a basis consistent M'ith the u£e of re4vurLe5. Support ¢osts ha'e been allocated bet'een b5ON'trnancE costs and other suppon. Governance ¢051s comprise all cos15 involving public accouniahilii) ofihe charitv aThd it5 compliancc with regulation and gvod practice. The chanrj, ade no redundanc Pa¢15 d[g th¢ reporting period. Page 14 oniinued
SOL,TH HILL C.'b;liTRE ()TF% TO 'I'H b.. fr"IIYANC.IAI. ST A TF.lfr.rITs_ continued FOR TIIE YEAR ENDED 31 DECEMBER 2023 ACLOUNTIN(: POLICIES-coutinued EXPENDII'URE Tlic cliarity has creditors which art me&%ured at %ettlemenl drnounls le55 an! Irdde discounts. TANGIBLE FIXF.DASSF,TS Depreciation 15 pro%'ided ai the follom'ing annual rates in Order to iNTite off each assei over its esiimated useful life. Frethold PTOPert Fixturcs andfittings ()fFicceqiiipment in accordanct .11 estiniaied useful lifb of thLprop¥MN' 20 /0 un oosl 20/0 on cost I'AXATIO.N -liv Lornp). hds been gr)[¢d iliarital)le status and is rher¢fore 11()t liabl¥ lo inrporaiion lax on income insi)tar ii1LomL Is Liihur noi taxable under g.eiicral principles or is spe¢ificall}' exempted bN' staiiilc. F'I:N'D ACCOLNTING The L'.nTesiTlCted Fund5 repiesent the unTesknLied uJLvmv hiLh is L'xpLnditblL dt the discretion of the direLiofs ID ih fLirtheTance ot- Ilie obie¢t% ()f th¢ Chdril! SuLh lunds Lan be held in ordLr to fin&nc¢ bi)th w'orking capilal and capital ie50urces. Designated l-.und% arL.%L'I up whLrL lh¢ directors vLinsider it prlldent to providb r¢s¢riL's fvr special purposes. Restricted Fund% are sct up NTrhcTC donors Specify" the PUTP()se5 for which their donations can bL ubLd dnd xpend]iLLfc in respect ofihese putP05es is Specificall allo¢ated 10 thes¢ fidi RESERVLS .1 lil dirLLlors hal'e considered the lei'el of re%eFve5 the) wish to r¢tain. apprnpTlatL Iv ihL' Lhaiiiv's needs 2nd dcscribed tliis in the Dirtciors Report This is based (In the charirl s size and thc Icwcl ot its fTnancial coniinimeni%. The director aiin lo ensurc the ¢hariTh' i¥ill be able 10 continue lo liillil its Lhdrilahle objectii'es eken if there is a i¢mporan' shortfall in income or L&nexpe¢tid expendiiure.'Fhe directors will eTrdeaN'Ol not tu sgl Ild6 fijnds iinncLL'ssaril DUliATIONS AND LEGACIES 2023 2022 2iO 2) j44,£ j9 ?.269 L)onaTions Other grants andincoTnc Giti ald taxtlaim 12,442 247,771 2.)36 264,499 i.i8.28i Page li continued...
SOUTH HILL CEYTRF. NOTES TO THE FINANCIAL STATEMENTS- ionttTrued FOR TIIE YE.4R EYDED 31 DF.CF.MBER2023 OTHER TR.4DING ACTIVITIES 20Z3 1022 OtheT income Othei relhatgeableincoiiie FUndraI5¥all]Vilie$ ,414 556 88 7,428 ?.j67 286 2.048 5,081 INVESTMF.IYT INCOME 2023 2n22 lllt¢restreteived 2.J42 149 INCOIME FROM CHARITABLTr. ACTIVITIES 2Q23 ?022 Activity. Rental Income Rcntal Incomc A¢tiviN fees Paciliry hire and renial income Service charge Fees paid 168,984 15,000 35.164 120,88i li.000 219.148 164.178 CHARITABLF. ACTII'ITIF.SCOSTS Dire£t Costs ChdntableALtii'itics 49i.443 'I"R(iSTEES' RENILliEIL41'10.N AND BE.%4EFITS n)Lrc 'aS ni> DireLior%' rcmllner&iioii or other bcnefits for the vear cnded JI December 202i nor for the i ear tndcd ) I Dcccmber2022. ThL aggregate value of donati()n% received froTll DirLclors or p8rties related ro the Dircctnr'£ duriDg the wear H'ds £4,JOO (2022- £5,100) Partie4 ¢onn¢Lted IÉ) I'ariiius Directori are Lmploi'ed b!. Ihe ¢OTnpany and receied ren]uneration for seTrice% rendered io thL coinpan}. authorisLd bl ClausL 5 Ibl of thc MLmoranduTn of As%oeiaiion. Those eMploed during the lear and related lo Directors are Brian Boggis's son-in-la. Jerem). Keelc). IC.¢nlre Del'clopment and ()peratli)ns Man&gcrl: hi% daughter. Ni aomi Keelei. (Finaiice Assistant ol South I lill Centrel. his daughicr Sorrcl I lardcn IRL'ccplionist C8Tetak'eil: Fsrth HaTIkn liarL*kuE Jnd his 50n-In-la Neil I lardcn ISHC Leaming Menrorl. Ihev receIi'ed the follov¢ing cmoluments and emplojers YI contribuliuns.. 2022 2022 Waocs and 5alancs Emplo)'ers blcontributions 73,117 6,848 8i,718 8.22) Pa: 16 conlinucd...
SOUTH HILL CEYI'RL INOTES TO THF. FIN.4NCI.QL STATENqENI-S- toDtiELued FOR THE YE.4R EliDf.D 31 DF.CTr."MllbR 2023 I'RLSTEE5' REMLNERATION A5ND BF.NTr'Tr-ITS-coDtiDued 91,944 Directors ere rellnbursed for out ol"puckei expenses IncUed in conneeiivn with the rllnning of ihe compan!. All such e.Kpenses are subjv¢t io ihe same internal Lontrols a5 anj oiher expenditure. TKLSTEES, EXPEN'SES There were no trustees, expenses paid for the Vear ended 311)cccmbcr 2a23 noT fuFthL' year ended 31 December 202 ST.4FF COSTS 2023 IlaEes and salarjes Einplo}'ers Nlcniitribution. Pcnsion8contributions 245,4*0. 27? <81 14,690 10.4iD 9,9(Jl 265,910 297,701 No emploJeL's received emoluments in excess of £60,000. I"he aNer4g¢ monthly numbLr vf Linploi'cLs during thL sLai was as follows". 2U23 23 The iotal amvunt paid lu kg). Tnandgemenl personnel lincludinLT Iruslees and Senior manageTnenl) for their services to the ¢haripJ totall¢d £8¥,7881:0?2- £81,850). ET INCOMING IiESOURCES FOR THEYEAR This is stated after chargino 2023 2022 DepFeciaiion IndependentF.xaniiner s reTniJneratitsn 34,594 1,260 36.2fv1 P22e 17 continued...
I)L TH Hbl.l_ C F.NI'RE OTES TO THE FIIANCI.4L STATEIIEYTS- tolltinued FOR THF" YEAR ENDED 31 J)F.C.F.MBER 2023 io. TANGIBLE FIXEDA55ETS Fixture5 Dd ritting Tr"reehold propertv Offite Tota15 At I lanuary'202i Additions ,9Y4,486 105,994 S,084 20,822 2,122,402 At J l D¢¢ember202i ,995,586 11,I,078 20.822 2,127,486 DepTe¢lgtioD At l Jat)uaTr' 2023 Charge foryear 387.211 26.179 94,050 6,628 16,621 1.787 497,882 Ai ) l Detemher2023 413Jg0 100.678 1¥,4US 532.476 et bv(ikv2lue Ai 31 DeLetDber2023 $2,196 10.400 2,414 ,495.01 U At i l Dccember2022 1.608,J75 11.944 oi 1.624.570 DEBTORS: AMOLIPITS FALLING DLE WITHIli 0E YEAR 20!3 2022 Trade debi915 Other debtors AT 623 1,168 4,172 779 22) PFepaJm¢nis and accrued income 22,491 12. CASH AT BAK 2023 Total fuDds 2022 Totsl fuDds Cpeller31 fllDd5 Young Di_sco%erers BB() Projeet Deposit A¢Lvuni Santander Instantresern'e YD PLItN ih Bank depo%itaccount 77.580 il.974 117.606 9,i6i -ji7 128 J26 149.75) Tntal 2>9.0121 27y.i l (J Pa¥e 18 Lontinued..
SOUTH HILL CENTRE OTES TO THF. FIliANCI.4L STATFNVF.NTS- ¢ontiDyed FOR THE YE.4R EDF.s) 31 DLC.E11BF.R 2023 13. CREDII"UR%.. AM()[INTS FALLIliC DUF. WITHINI ONF. YE.4R 2023 2022 Bank loan5 and oTrerdralls Iste note 151 Tidde Lreditory Othercreditor Accruals and defcrrcdincnmc Accwedexp¥nses 17,700 4.02 11,439 3.158 l.i57 1,02. 43,511 67.<46 DF.FF.RRED IINCOME Aout[£) 37JU4 (37a04) Def¢rt¢d iniume brought foTr4 ard O I:'01:'2J Liilise in thei'ear Receipif in 20?i, dcterred ro 2024 Deferred Income held as at i I,. l?,. 19,155 l-here aTe ptrfurrnance-relatin&T conditions th2t 0ct thc amount of incoTne that be recognised at a gien poini in time. 14. CRb'l,)II'ORS.. .4MOLNTS FAI.LIIC. DIIE AbTF:R MORF. TH.4N ONE YF.AR 2023 Z022 Bank 5oans Iste nole151 460. 131 471.4il Is. LO.4NS An dnal¥sis of the tn4lturil J of loans is given below.. 2033 2022 Amounts fallinET due lth]n (In¢ Near on d¢mand. Bank loan. 17,70( 24.702 Amounts Calling between one and cais. 14ank loan% - 1-2ycars 17,700 24.702 Ani(>urits falling dC bctlVLLn two and fil'e )ear5". Bank loans- 2-) Jears 53,lOQ 74.108 Amounrs falling due in rnore than Fi"L VL4". Repav2hle hyin%talrtients' Bank. loans tnort 5 5r by insial 38Y,931 J72,621 Paoe 19 continued...
SOUTII IIILL CENTRb. ISOTFS TO THE FINANCIAL STATEIE"rS- continued FOR THF. YF.AR ENDED 31 DECEMBF.R 2023 PROI'ISI()NS FORLIABILITIES 2023 2022 Redundancv pavpTOV15ivn li.000 i•,000 17. IOVEMF.Nl' If44 FUNDS oi"emeDt o fuods At 31.12.23 Atl,1.23 UDr¢stri¢ted _Dd5 (Teneial futLd. 2$4JSI] 4,694 259.1174 Rc5trieted funds BB() Proicet Building fund Tr'oun8 DiscoTr'erer5 ios.qqi 1,012,041 {7,0991 110.983 98ry.863 (26,17XI 8.4*6 1,110.493 {122901 1,098203 TOTAL FtrNDS l J64,873 (7,5961 lJ57277 het move]nenl in fid5, cluded in the above are & follows". Intomin2 rtS()urrt. Resour£¥4 expended Movewellt ID funds LDrestrictedfunds bL'nL'f21 lunds 321.812 1317.1181 4.694 Restricted funds BBO Projcct Ruilding fund Y(IiJn¥ Dits¢ok'¢rerb 5,432 5,432 126.1.781 (26,178) (152,1471 160,603 166,035 (178,32i} (12,29(11 TOTAL FLTr4DS 487,847 (495,4431 17,5961 Page coniinued..
SOUTH HILL CENTRE OTE5 TO TIIE FIN.4liCIAI. SI'.4TE%IENTS- eontinued Tr'UKI"Hb. YEAR ENDED 31 DbC.'Tr'IBF.R 2023 17. IOVEIIEN'T Ifi FI..])4-£(1tlnUed C.ompar2tives for mOtent in funds 'f I Tran%fers bett4.ee fuTEds At 31,.12.22 Atl.1.22 it4 funds Lnrestricted funds Oeneral tund5 ?63.915 i8.688 168:2LiI 254,3SO RtStTlCtcd funds BB() ProjLLt Building fid youn l)iscovLrLrs 36.144 I,U34,? 15 1.160 j,98 13,1178 105.51 1,01?.1142 17,1001 126,1 is) 120.1181 1,070.i59 8,089) 68,223 TOTAL FUNDS I,J64,873 Coniparalive ntrl 0eMe11[ in funds. included in Ihe abÉ)vo are as to110'S.. ID£oming resourc Re50llrces expetsdett IIDre4trict¢d fuuds tstneral funds 1204,1 no) i8.688 Restricted fndS BBO Project Building fund I'ouiig DiscoN'erer5 141.i07 6.i08 -288 112i.0601 132.4661 {li7,4661 126,1581 0,1781 264.903 92,9921 {28,0891 TOT AL FUNDS ?7.691 1497,092) Loniinued
SOUTH HILL CENTRE NOTES TO THF FINANC.'IAI, STATEMEIYTS- ¢Dlltinued FOR THE YEAR EN'DF.D 31 DF.CEMBER 2023 17. MOVF.MF.NT IN FLFND%-tontxnutd A currcnt }'tar 12 mnnihs and prior year 12 monih£ Cotnbined p05Ition is as folloS.. et Tran.%fers betwee funds moNement in fulld5 At At 1.1.22 31.12.23 L.'nrestritted fund General funds ?6 J.915 16X.2231 2*9.074 Restricted funds BBO Project Building fund Young Discol'erers 36.144 1.034.21: 2i,679 152:3J6) (11.722} 51,160 3,98$ 13,07S 110,98i 985.864 I,)56 1,070. j49 140,.)791 1.098.203 TOTAL FIJYDS I,i)4,274 l.i57.277 A eurrenl Year 12 months and prior veat 12 months combined nel tnov¢ment in fun(b. included in the above are as follows.. Resource. expended re$ource5 io fuDib UDrestri¢l¢d fulld5 Geneial funds i84.600 1521,218) Re%lricttd funds BBO Project Buildine tund Y()ung Discol'erers 146,7i9 6,i08 277 891 112i,06O1 158.6441 {289,61i) 23.679 (.52.3i6) (11.7221 4iO.9iR {4kl,J17) 140.i791 TOTAL FUhl)S 1.015.538 1992.5i51 The Youno Discoverers fund represents fund5 reCeied and expended for our charit!. pre-school. Building fvnd represtni.% tun(l% receii'ed and expaiided foT IIIL purLhÉibe TenoidlioD and maintenanc¢ of buildin BBO knd reprcsents fund% Telaiing to a specific I lerts Countl Council 'Building Beuer OpportunitlLS' projeci offeting eJnplo)Tnent support io local individuals. Page12 contillued...
SOUTII HILL CFNTRE ,YOTF.S TI) "I'IIF F IINA)C.14L 5T4Tb_mF.Ts- ¢ONtinued OR THE YEAR F.NDED 31 DECETrIBER 2023 RELA TED PAEiI'Y DISCLOSURES "I"hgi¢ ¢[¢ nv ieldltd parlv Iransaetions for the year ended 311)ecember 20ti" 19. OTHER DISCLOSLIRE ISSIIF,S The ¢harii!' do¢5 noi have an) conimitnients iiol provided fur in the accounts. Thc chariTh has not 8ivcn anN' guaranrees. The ¢harif)' hag not receiwed 2nv loans secured on an%. of its assets other than disclo%td in Isole 14 & 15 above. At the l'ear end the Lharil). did noi hai'e an) contingent liabilities 20. RISIK ASSb:SSMF.YT The DireLlors are awaTe i)f tliL' nLLd lo properl). manage ld n)ilEgaie Ilie r15ks laced the CO1pan. Details ol- ho th¢, chill aLhieN'ed tliis arc provid¢d in th¢ Dirtctois. Report. The director5 confirm Ihat the) hdi e paid due IL¥4rd lo IhL C'haril}' ('.otnmission guidanLi on risk assessment when adopting and implemeniin¥ policies lor the ¢h4ri1W 21. PLBLIC BENEFIT The Ch1% acknowled&Fes its r¢quirements to dem()nstrate clearl! that il U51 hai'e charitable purposes or 'aim%' thdt are foi the public benefii. Detail% uf hom. thL Lhdritj lia5 acliiei gd this are proi'ided in Ilje l)ir¢cii)rs' Rcpi)n. The directurs confirm that the!. haNe paid due Fegard 10 the C'.haritv Cotnmis%ion cTuidan¢e on public benelit before decidiDg what actiN'ities the charitN .Ehould undertak-e. DECLARATIONS Suffi¢ieni resour¢es are held in appTopriale form to enable each (und to be applied in accorddnLe H"ith an j restrictioiis irnpo%cd. l-he m]stee5 ha*e not changed ihe N'ear end date nor ILngth ulthe chariN'S financial ear. 'Ihe charity. did not Tnak"e an) niateri21 ex-gratia paNTncnt5 durints Ihc year. None of the chariry s fixLd a%%eis hai"¢ bcen realUed dur Ihe lear. Page 23
SI)L TH HII.L C.F.NTRE DETAILED STATEMENT OF FILYClALAcTh.1VITlEs FOR THE I'EAR EINDED 31 DECEMBTr,R20Z3 2U23 2022 INCOME AND ENOwmENTs DothatÉons and lega¢ies Ciifi5 Donarions Other urants andincome Gift aid claim ?50 11.22) j44,5 j9 12,442 24'7,771 2,536 264,499 j48,283 Other tradiDg2cti%'itie5 OihLr income Qthtr rechgJgeablcinLomc 1.414 $6 2.428 FUndraIs4actITritles 286 2,048 5.081 IDI'estmeDt ifieome llltcrestrcceived 2,14'2 149 C harit2bleatti%ities rees pdid F'acility hire and rcnt21 income Service Lhar¥c 28.29) 168,yx4 l*,000 15.000 219,148 164.1?8 Tolal incotniELgresour¢es 4¥7,847 i2:..691 ExPElTliE C'h3rptable2Ctii'ities 256,009 4,372 7,767 P,1¥7 9JZO 287771 8.216 7,i9S Rent and rates PhotDcnpieT AccounianLv fLC5 Cleaning andMaintenlCc Staff eosli dtrainIng Operating co.%ts 8.9)9 12.66) ).2 j2 2.039 50.118 12.383 9.£08 Trakelling ComputerexperL%es Carricd forward 1,284 360,837 2.i82 i78.581 This page doL's not forni parr of the siaiuiork financial statLments Page 24
SOIITH HILL CF.NTRE DETAILEI) sTATE]EliT OF FIJAN("IALAC.TIVITIF.S 'OR THE I'EAR ENDED 31 DF.CEMBTr'R2U23 2022 Chaiitablea¢tii'ities BrvuLJil forn4drd YD- SerkTcecharge RedLmdancN' pJy Pension Bank 108n SDteresl C)roanis¥r5rtmunerdtion DtprtC1alioll-freehold properEV l)epieciarion.fixlures fitlintls Depreciaiion-offict equipment 3611,837 l >,000 3,000 9.90.1 .378,581 l i,000 10.429 20.678 36,416 26,178 6,046 2J69 8.*67 495,443 497,092 Toial Tesource%expended 4Y5,443 497,09? et{expenditurel/inttsme (7,4961 'Fhis page does not form pan of the statulol? financial statement5