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 DEcE￿IBER2013 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 D￿eCt0T$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 tE￿ilable CO￿panY limited bs, Euaranree, incorporatcd on 17th Februarv ?004 and iegisieied as a Lhariry on 24thMar¢h:004 Tbe CompanN' 15 e51ablishcd under a me￿Ora￿du￿ of .455ocialion iDCOtporaled oll 17th February ?004 as &mended by special resolution daied 18th No￿.el￿btr ?0 l ? ￿'hICh 5et5 OUI Its objects and poweF5 It iR gOi.e￿ed under ArtiLles of L%sociatioll. li was borlloutof SouihHIll Church(Hemel Hempsleadl. which i5 also a cbaritable Compan￿ It￿ll1ed b}'guarantLC. The Direilots bal'e dual roles: d]e othtr being as T￿let5 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 ￿e￿nber ()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 deVelOp￿entS in TTr￿lee and DireLto)r ￿Sp,)nSiBl1llitt TraiIiing niaj be specialisi iti nature depelldillg ot) the rtbyow%ibiliti¢.4 Ihc Director has. TheN' LO￿￿111¢￿ 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 co￿pan￿. k'ery, efYtctivLI!' under the guidance and d￿eth1on 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￿ cart￿￿ght 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 Str￿l¢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-l0nLNre13tionships￿d demonstraring excellence inall we do., As a Christian based charity", the C'.entre s aims are ro. Be a Lentre loi social development ar1d￿e]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 Ch￿Ch 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)InL￿1t￿. 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>a￿thaV￿9tO 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 deli*er 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>' b￿ed pro￿lder.*. "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 b￿￿rie[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 de￿elop[DeDt. addiction support. hO￿ing support: bu%iness awareneis. LonfidLnce building. wellbeing suppurt and a TrL￿nber ofbdSiC and niore adi anLed IT.'Maihs.'Lnglish CoU￿es. 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 ha￿e 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 fi￿dIng 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 LTrraIni￿t Com]nunil% and fL￿dIn¥ 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 DiSco￿trerS 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 cl￿5 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 StafF￿g 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 I￿le 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 Foodb￿k. 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 LI￿ing, crisi_4 wa£ felt The Centre continued to host the Hemel Mc)niing D¢af Group pivN'ided lU￿S 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 b￿1$ Bv dLe end of Y023 Ihe CLiitre d ￿rther gTowih in thv detna￿d 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 acri*ities. 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 I￿25 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 pro￿lde 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 lll1por￿1t 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 ￿lI1￿eTable 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 forW￿d 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 D￿ectorS ackno￿led￿e 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 fi￿dS 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 lnier￿t £35.596)durin?the period ihtoueh the Centre'snor￿aI munthly Pa￿￿nents. 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 in￿OI￿.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 f￿ancial 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 fIg￿e$. 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 re￿Onable expeLt(Ilion that thc CUmp￿tr 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. R￿￿k 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 pre￿eTit￿tI￿t 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 li￿￿0￿¢[. 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 nO￿s. 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 co￿p[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% gA￿ell 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 Pa￿able 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 ha￿tt 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 sidle￿e￿1s ￿ accordance wilh applicdbl£ la￿ andregulattons. Ihv aocvunts fvr Each f￿1￿CIal 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.0tnp8￿1, and hence for tak￿g re￿onable ￿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 Coinp￿V ilho held 0￿7¢¥ at the dale olapproval of this report conf￿￿ thal. 50 fat as thc), are each a￿aTe. 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 h￿nse1(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 acCoUnt￿g 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 lili0rd￿CL ￿1th section 266. and ￿ku'¢h other￿ISt 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 aCCord￿ce 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 Ch￿ItIeS 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-. accol￿ting 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 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 recei￿ed ren]uneration for seTrice% rendered io thL coinpan}. ￿ authorisLd bl ClausL 5 Ibl of thc MLmoranduTn of As%oeiaiion. Those eMplo￿ed 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 IncU￿ed 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 0￿E 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 BA￿K 2023 Total fuDds 2022 Totsl fuDds Cpeller31 fllDd5 Young Di_sco%erers BB() Projeet Deposit A¢Lvuni Santander Instantresern'e YD PLItN i￿h 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 E￿DF.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 4.0*2 11,439 3.158 l.i57 1,02. 43,511 67.<46 DF.FF.RRED IINCOME A￿ou￿t[£) 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 ￿0￿ct￿ thc amount of incoTne that be recognised at a gi￿en 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 d￿C 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 STATE￿IE￿"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$4JSI] 4,694 259.1174 Rc5trieted funds BB() Proicet Building fund Tr'oun8 DiscoTr'erer5 ios.qqi 1,012,041 {7,0991 110.983 98ry.863 (26,17XI 8.4*6 1,110.493 {122901 1,098203 TOTAL FtrNDS l J64,873 (7,5961 lJ57277 het move]nenl in fi￿d5, ￿cluded in the above are & follows". Intomin2 rtS()urrt. Resour£¥4 expended Movewellt ID funds LDrestrictedfunds bL'nL'f21 lunds 321.812 1317.1181 4.694 Restricted funds BBO Projcct Ruilding fund Y(IiJn¥ Dits¢ok'¢rerb 5,432 5,432 126.1.781 (26,178) (152,1471 160,603 166,035 (178,32i} (12,29(11 TOTAL FLTr4DS 487,847 (495,4431 17,5961 Page coniinued.. SOUTH HILL CENTRE OTE5 TO TIIE FIN.4liCIAI. SI'.4TE%IENTS- eontinued Tr'UKI"Hb. YEAR ENDED 31 DbC.'Tr'*IBF.R 2023 17. IOVEIIEN'T Ifi FI..￿])4-£(1￿tlnUed C.ompar2tives for mO￿t￿ent in funds 'f I Tran%fers bett4.ee fuTEds At 31,.12.22 Atl.1.22 it4 funds Lnrestricted funds Oeneral tund5 ?63.915 i8.688 168:2LiI 254,3SO RtStTlCtcd funds BB() ProjLLt Building fi￿d youn￿ l)iscovLrLrs 36.144 I,U34,? 15 1.160 j,98 13,1178 105.5*1 1,01?.1142 17,1001 126,1 is) 120.1181 1,070.i59 8,089) 68,223 TOTAL FUNDS I,J64,873 Coniparalive ntrl ￿0￿eMe11[ in funds. included in Ihe abÉ)vo are as to110￿'S.. ID£oming resourc Re50llrces expetsdett IIDre4trict¢d fuuds tstneral funds 1204,1 no) i8.688 Restricted f￿ndS BBO Project Building fund I'ouiig DiscoN'erer5 141.i07 6.i08 -288 112i.0601 132.4661 {li7,4661 126,1581 0,1781 264.903 92,9921 {28,0891 TOT AL FUNDS ?7.691 1497,092) Loniinued SOUTH HILL CENTRE NOTES TO THF FINANC.'IAI, STATEMEIYTS- ¢Dlltinued FOR THE YEAR EN'DF.D 31 DF.CEMBER 2023 17. MOVF.MF.NT IN FLFND%-tontxnutd A currcnt }'tar 12 mnnihs and prior year 12 monih£ Cotnbined p05Ition is as follo￿S.. et Tran.%fers betwee funds moNement in fulld5 At At 1.1.22 31.12.23 L.'nrestritted fund General funds ?6 J.915 16X.2231 2*9.074 Restricted funds BBO Project Building fund Young Discol'erers 36.144 1.034.21: 2i,679 152:3J6) (11.722} 51,160 3,98$ 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 reCei￿ed 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 CO￿1pan￿. Details ol- ho￿ th¢, ch￿ill 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 Ch￿1% 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 re￿alUed dur￿￿ Ihe lear. Page 23 SI)L TH HII.L C.F.NTRE DETAILED STATEMENT OF FI￿LYClALAcTh.1VITlEs FOR THE I'EAR EINDED 31 DECEMBTr,R20Z3 2U23 2022 INCOME AND EN￿OwmENTs 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 FUndraIs￿4actITritles 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 ExPE￿￿lTl￿iE 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 andMainten￿lCc 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