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2023-03-31-accounts

Report ofthe Trustees 1 to 11
Independent
Examiner's		 Report 12
Statement of Financial Activities 13
Balance Sheet 14 to 16
Notes to the Financial Statements 17 to 24
Detailed Statement of Financial Activities 25

for the Year En ded 3 1 March 2023
31.3.23 31.3.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 16,871 132,884 149,755 72,961
Other trading activities 2 164,838 164,838 139,071
Investment
income		 3 ~2472 ~2472 59
Total ~184 181 ~132884 ~317065 212,091
EXPENDITURE ON
Raising funds 5,629 5,629 2,508
Charitable
activities
Community
Facilities		 154,252 26,507 180,759 135,864
Community
Cohesian		 Events 644 644 160
Asda grant 649
Asda Childrens party 874
880 166 50,472 50,638 38,005
Census Support 10,184
HAF Funding 10,901 10,901 6,962
ESOL Refugee R Community
~29 594 ~29 594
Total ~160 047 ~118 118 ~278 165 ~195206
NET INCOME 24, 134 14,766 38,900 16,885
RECONCILIATION
OF FUNDS
Total funds brought forward 325,935 3'l, 718 357,653 340,768
TOTAL FUNDS CARRIED FORWARD 350,069 46,484 396,553 357,653

South
e Devel
ment Trust Ltd
~Ba(an e~h
31.3.23 31.322
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E K
FIXED ASSETS
Tangible assets 10,257 10,257 10,714
CURRENT ASSETS
Debtors 15,648 15&648 15,003
Cash at bank and in hand 339,996 386,480 ~354 931
355,644 46,484 402,128 369,934
CREDITORS
Amounts
falling due within one year		 10 (15,832) (15,832) (22,995)
NET CURRENT ASSETS 339,812 46,484 ~386 296 346,939
TOTAL ASSETS LESSCURRENT LIABILITIES 350,069 46,484 396,553 357,653
NET ASSETS 350,069 46,484 396,553 ~357 653

31 March 2023
FUNDS
Unrestricted
funds:
Community
Facilities
280,193 264,908
BBO 15
% Unrestricted		 19,876 11,027
Building repairs B renewals - designated 50,000 50,000
~350 069 ~325 935
Restricted funds:
Community
Lunches		 7,866 5,575
Heathy Lifestyles Pilot services 3,657 3,657
Community
Cohesion		 Events 6,231 2,909
Asda grant 1,059 1,059
Big Lottery Kitchen and Newgrove Trust 433 433
Kitchen Grant
BBOHerefordshire Funding 328
Labyrinth
Project		 3,372 3,445
Hereford
Community		 Fund - Picnic Boxes0 6,107 14,235
Winter Meals
HAF Funding 2,401 77
Ukrainian
Support		 Fund 14,902
ESOL Refugee and Community 1,266
46,484 3'I,718
TOTAL FUNDS ~396 553 ~357 653

31.3.23 31.3.22
E E
Buffet and refreshments 11,506 5,001
Rent 40,308 38,870
Room hire 112,113 941615
Internet
and		 copies 911 585
164,838 ~139071
INVESTMENT INCOME
31.3.23 31.3.22
E 6
Deposit account interest 2,472
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.23 31.3.22
E E
Depreciation - owned assets ~4076 ~3030

3'I March 2022 .
STAFF COSTS
31.3.23 31.3.22
E E
Wages and salaries 96,825 86,914
96,825 ~86 914
The average
monthly		 number of employees during the year was as follows:
31.3.23 31.3.22
Staff 11 8
No employees received emoluments in excess of E60,000.
There were no high paid staff for the years ended 31 March 2023 and 31 March 2022.
COMPARATIVES
FOR		 THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
E E E
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 17,590 55,371 72,961
Other trading activities 139,071 139,071
Investment
income		 59 59
Total ~156 720 55,371 ~212 091
EXPENDITURE ON
Raising funds 2, 508 2,508
Charitable
activities
Community
Facilities		 125,982 9,882 135,864
Community
Cohesian		 Events 160 160
Asda grant 649 649
Asda Childrens party 874 874
BBO 38,005 38,005
Census Support 10,184 10,184
HAF Funding ~6962 ~6962
Total ~128490 66,716 ~195 206
NET INCOME/(EXPENDITURE) 28,230 (11,345) 16,885
South W
Deveto
ment Trust Ltd		 South W
Deveto
ment Trust Ltd		 South W
Deveto
ment Trust Ltd
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
7. COMPARATIVES
FOR THE STATEMENT OF FINANCIAL		 ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
E E E
RECONCILIATION
OF FUNDS
Total funds brought forward 297,705 43,063 340,768
TOTAL FUNDS CARRIED FORWARD 325,935 31,718 357,653
8. TANGIBLE FIXEDASSETS
Fixtures
and Computer
fittings equipment Totals
6 E E
COST
At
1 April 2022
Additions		 119,687 64,455
~3619		 184,142
~3619
At 31 March 2023 119,687 68,074 187,761
DEPRECIATION
At
1 April 2022		 119,687 53,741 173,428
Charge for year ~4076 ~4076
At 31 March 2023 119,687 57,817 177,504
NET BOOK VALUE
At 31 March 2023 ~10257 ~10 257
At 31 March 2022 ~10 714 ~10 714
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
E E
Trade debtors 14,456 13,444
Prepayments ~1192 ~1559
15,648 15,003

31.3.23 31.3.22
E E
Social security and other taxes 2&468 3,918
Other creditors 13,475
Accruals
and deferred		 income 13,364 ~5602
~15 832 22,995
11. MOVEMENT
IN FUNDS
Net
movement At.
At 1.4.22 in funds 31.3.23
E 6 E
Unrestricted
funds
Community
Facilities
BBO(5~Unrestricted
Building repairs 8 renewals		 - designated 264,908
11,027
~50 000		 15,285
8,849		 280,193
19,876
~50 000
325,935 24,134 350,069
Restricted funds
Community
Lunches		 5,575 2,291 7,866
Heathy Lifestyles Pilot services 3,657 3,657
Community
Cohesion		 Events 2&909 3&322 6,231
Asda grant 1,059 1,059
Big Lottery Kitchen and Newgrove Trust
Kitchen Grant 433 433
BBOHerefordshire Funding 328 (328)
Labyrinth
Project
Hereford
Community		 Fund - Picnic Boxes8 3,445 (73) 3,372
Winter Meals 14,235 (8,128) 6,107
HAF Funding 77 2,324 2,401
Ukrainian
Support		 Fund
14,092 14,092
ESOL Refugee and Community
1,266 ~1266
31,718 ~14 766 ~46 484
TOTAL FUNDS ~357 653 38,900 ~396 553

Net movement
in fu		 nd s, included
in the above are as fo		 llows:
Incoming Resources Movement
resources expended in funds
E E E
Unrestricted
funds
Community
Facilities
BBO15~Unrestricted 175,332
8,849		 (160,047) 15,285
8,849
184,181 (160,047) 24,134
Restricted funds
Community
Lunches		 4,863 (2,572) 2,291
Community
Cohesion		 Events 3,966 (644) 3i322
BBOHerefordshire Funding 50,144 (50,472) (328)
Labyrinth
Project
Hereford
Community		 Fund - Picnic Boxes8 (73) (73)
Winter Meals 5,780 (13,908) (8,128)
HAF Funding 13,225 (10&901) 2,324
National
Lottery Fund		 9,954 (9,954)
Ukrainian
Support Fund
14,092 14,092
ESOL Refugee and Community
30,860 $29,5%I) 1,266
~132884 ~118 118) ~14 766
TOTAL FUNDS 317,065 (278,116655) 38,900

Comparatives
for		 mo vement in fu nds
Net Transfers
movement between At.
At 1.4.21 in funds funds 31.3.22
E E E E
Unrestricted
funds
Community
Facilities
BBO15~Unrestricted 291,920
5,785		 22,988
5,242		 (50,000) 264,908
11,027
Building repairs
ET renewals		 -designated ~50 000 ~50 000
297,705 28,230 325,935
Restricted
funds
Community
Lunches		 4,336 1,239 5,575
Heathy Lifestyles Pilot services 3,657 3,657
Community
Cohesion		 Events 2,064 845 2,909
Asda grant 733 326 1,059
Asda Childrens
Party		 874 (874)
Big Lottery Kitchen and Newgrove Trust
Kitchen Grant 433 433
BBOHerefordshire Funding 7,625 (7,297) 328
Labyrinth
Project		 3,445 3,445
Hereford
Community		 Fund - Picnic Boxes ET
Winter Meals 13,632 603 14,235
Census Support Project 6,264 (6,264)
HAF Funding 77 77
~43 063 ~11 345) 31 718
TOTAL FUNDS 340,768 16,885 ~357 653

MOVEMENT
IN FUNDS - cont		 MOVEMENT
IN FUNDS - cont		 inued inued
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
E E E
Unrestricted
funds
Community
Facilities
BBO15~Unrestricted 151,478
~5242		 (128,490) 22,988
5,242
156,720 (128,490) 28,230
Restricted funds
Community
Lunches		 1,479 (240) 1,239
Community
Cohesion		 Events 1,005 (160) 845
Asda grant 975 (649) 326
Asda Childrens
Party		 (874) (874)
BBOHerefordshire
Funding		 29,708 (37,005) (7,297)
Hereford
Community		 Fund - Picnic Boxes ft
Winter Meals 10,245 (9,642) 603
Census Support Project 3,920 (10,184) (6,264)
National
Lottery - BBOCelebration
HAF Funding		 Event 1,000
7,039		 (1,000)
~6962)		 77
55,371 ~66,716) ~11 345
TOTAL FUNDS 212,091 ~195206) ~16885