REGISTERED COMPANY NUMBER: 05750840 (England and Wales) REGISTERED CHARif( NUMBEIL. 1117770 rt of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for South Develo ment Trust Ltd Thorne Wldgery Accujntancy Ltd Chartered Accountants 2 Wyevaie Business Park Klngs Acre Hereford Herefordshire HR4 7BS
South W Develo ment Trust Ltd C¢)ntents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees 1 to 14 Independent Examinerfs ReF 15 Statement of Financial ActivitTes 16 Balance Sheet 17 to 19 Note5 to the Financial Statements 20 to 27 Detailed Statement of Flnanclal Actlvltles 28
South W e Develo nt Trust Ltd rt of the Twstees for the Year Ended 31 March 2024 The tnjstees vtho are also directors of the charity for the purposes of the Companies Act 26, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accountlng and Reporting by Charities: Statement of Recclnmended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019). OBJEcfivES AND AcrivmES Objectives and aims The Trust's mission is To inspire the community to improve their lives, unlock their potential and build healthier lives. Our values, in all that we do, are to ensure that are incLusive and participative, Partnership fc(ussed, and that v deliver valuable and quality outcomes Significant activities The Trust's key physical assets are The Kindle Centre and the (sub-let) SW MedlcallDental Centre. In 202312024 our significant activlty was focussed around developing our leaming and education offer. We now offer a varkty of learnlng to Include dffferent levels of Engllsh Language classes. This followed SWDT securing contracts wlth Herefordshlre COurll, one Ctract to deliver ESOL to Refugees from Syria, Afghanistan, Ukraine and recently Hong Kong, and communlty ESOL deliverfng ESOL to tho tho do not have English as a first Language. This was extended in 2024 to offer Multiply. Multiply is the govemment's new £560 million programme to help transfom the lives of hundreds of thousands of adults across the UK and will be delivered through the UK Shared ProsFerity Fund. Numeracy is the ability to understand and use maths in daily life, home, and work. wIther that be improving household finances, tElping children with homework, making more sense of the stats and facts in the media, or Improvlng numeracy skllls speclflc to your Ifne of work. People who improve their numeracy skills are more likely to be in employment, have higher wages, and better wellteing, and wlll be more able to progress to higher levels of free training to secure a skilled job in our economy. Businesses who develop their employees, numeracy skills can b(N)st prtxiuctivityi increase profits, and improve employee retention. That's why wee launched the Multiply programme - just one of the ways the government is helping everyone gain skllls. BUSINESS DEVELOPMENT - Our core business continues to grow we now employ 17 meMr5 of staff. 6 of the team deliver our learning programme. The South Wye Development Trust's Chlef Officer manages all the Trust's business and acts as Ccthpany Secretary. This has led to us l)eing able to dellver more flexibly and efficiently into the future and we continue to be enterprising¥ forward thinkingi be innovative and work in partnership. In additi to raising income fr1 office and rooth rental, the most important and affective use of The Kindle Centre is to provide valued and needed services and suppt)rt to the communlty partlcuiarly around Health and Wellbeing living well and improving the quality of life of our residents. The centre also acts as a community resource offering intemet access to the public, printing, photocopying, and other administration supwrt services. Covering the core costs of running The Kindle Centre and delivering community actlvltles has been a balancing act at times, but the organisation has worked hard over the years to develop a good community business model, improve efficlency and more resilient. Significant changes have been made to our systems and the infrastructure of the bulldlng to Improve our professionalism, efflciency, xurlty, and safety at The Klndle Centre. The locality's multiple deprivations still offer c¢Siderable opportunltles and challenges for the Trust to continue to suprort the community particularly with the cost-of-living crisis. poverty and the other significant events that are haFpening in the world. We have welc(ed many people to The Kindle Centre to attend meetings and activities and this year have seen a considerable ireaSe in people accessing our support with again over 35,(xxI from April 2023 to March 2024. The Trust has a lease with NHS Property Services Ltd to sub-let the South Wye MEdical Centre, the Trust is ¢)bllgated to charge a pre-agreed rental for the centre as per the terms of the lease. Originally a health-advke centreldental surgery, the IlIding provided a hugely valuable community asset. The building Is now the South Wye hAedical Practice delivering a GP servlce for the Moorfields Medical Practice and out of hours support run by Taurus, this seice continues to date and we are working hard to ensure that this practice part of Hereford hledical Group SUFWrts residents of South Wye. Page 1
South W Develo ment Trust Ltd rt of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND AcnviTIES The Kindle Centre is South Wye Development Trust maln asset, a Vll-eStabliShed, welcoming, 'Trlealth and Well Belng hub" delfvering many much-needed preventative seIce$ to the community which will help to address the health inequalities in South Wye and in the long terni reduce the gap in life exFectancies. The Kindle Centre takes an asset- based approach that values the capacity, skills, knowledge, connecticffis, and wtentTal in a c(*nmunity to help find ways to achieve healthier lifestyle outromes. these fit well with the activities of the South Wye Medical Centre and Dental access centre, so tal in taking significant pressure off the County Hospital's A & E departments and local GPS. The Trust has a strong, diverse Board of 9, including one local councillor from the Hinton and HUndert( Ward, all Trustees live locally, and all live in Herefordshire. The Board of Trustees has vast knowledge and experience of what is happening in our community, business knowledge and they are all fully engaged and aware of local issues. The Board of Trustees have a wide netyrk of community supporters and contacts. these are strcffig valuable assets, along wlth the good reputation have earned through our exFerience In partnership worklng. We are fortunate too, that Its Ic(atlon and car parking facility provide ready access to both The Kindle Centre, and the South Wye Medical Centre and Dental centre. Page 2
South W Develo ent Trust Ltd rt of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charltable actlvities The following details some of the various activities the Trust has undertaken during the year: ESOL FOR REFUGEES In the financial year April 2023 - Awil 2024 we have had over 2¢XI Refugees attend our Refugee ESOL Classes, which run across the County. In addition to The Kindle Centre, we delivered classes in Leominster, Ledbury, and R055-on-Wye. Continuously adapting to our students. needs, we started the Tryomen wth Children class- at The Kindle Centre in May 2023, where Afghan, Syrian. Vietnamese mums developed their English language with the help of a volunteer chlidmlnder. We also provided a childminder in one of our Ledbury classes where Afghan and Ukrainian mums are attending with their children. We helped students with no saking or vrriting in English (and in some cases Iking these skills in their own language) by providing One-to-one sessions from May 2023, which slowly developed into an Absolute Beginner Class. The One-to -one sessions restarted in January 2024. Our student5 are mainly adults. but v welcomed UASC children from Sudan. Afghanistan and Vietnam. 60% of our students were Ukrainian, 2(YX Afghan and 20% other nationality including Hong Kongers, Chinese, Vietnamese, Sudanese, Iraqi, Iranian, Indian. Egyptian, Bangladeshi, Libyan, Brazilian and Lithuanian in the last financial year. COIAMUNrri ESOL (FOR THOSE WHO DO NOT HAVE ENGLISH AS A FIRST LANGUAGE) A successful start to the Community English classes (for those who have English as an additi(al Language), in January 2023 w provided 4 classes and by the end of July we had more than 50 students. After the Summer Break we asked to deliver two additional classes {to cater for those vtho can only attend evenings and to accommodate the Asylum Seekers who qualified to attend English lessons after being in the UK for 6 months). We were delivering 6 classes by the end of September 2023 and a new tutor joined the team. The classes have been excellent, and we hit our annual target of 60 in December 2023. In February 2023, after the Three Counties Hotel closed and the Asylum Seekers left the county, we started to build back those additional classes with great success. We had a de range of natlonalltles In these classes: Polish, Sudanese, Iranlan, RCan1an, Brazilian, Afghan, Bulgarian, Lithuanian, Turkish, Latvian, Iraqi, Kuwaitis, Spanish, Cuban, Portuguese, Gambian, Eritrean, Egyptian, Amienian and Algerian. Ours student's achievements include: Passlng the British Citizenship Exams Launching their own businesses {nail technician, beautician etc) Passing Accredited English Exams Completlng Preparing to Work in School courses Passing driving tests Passing Fcrf)d Safety and Hygiene course Gaining Employment Case study: G. fs a 29-year-old Lithuanian who presents with a form of cerebral palsy and learning difficulties. His cognitive processing skills and speech appear slow. He lives at home with his mother and younger brother5 in Hereford. G aarS to be SIallY isolated. He does not work but spends all his time at home. He only speaks with his family and uses Lithuanian. He previously attended PetertrOUgh college ere he did a carpentry course, the F*)ysical condition of his back does not allow him to do that work now. His English skills levels Vre initially assessed at pre beginner. Initial Goals G. vra5 enrolled by his mother who attended the first three sessions where she ¥x)ke continuously on his behalf. sat silently and did not apar engaged. Writing seemed difficult for him. When spoken to directly seemed to have difficulty articulating words. Following discussions with G. and his mother, it was agreed that G. should try to attend class on his own. The aim was to build his confidence and sense of independence. After three classes, G came on his own and has attended regularly ever since. He has increasingly engaged in the class. He tk his tum when Leamers individually read from a text al(MJd. He joined in group and paired activities. He came promptly to class and brought back homework. After meeting Jr advisory team G had several appointments and started trj volunteer at our Big Eat events and not long after at a Charity shop as well. G is now fully engaged with social activities and volunteers at another Charity reguLirly. Page 3
South W Develo ment Trust Ltd rt of the Trust&s for the Year Ended 31 March 2024 "Here 4 You" In Aprll 2024 started a Crse called "Here 4 You" to encourage and supp)rt learrers in the communlty to develop positive and effectTve communication, IT and positive language skills needed in daily life. Thls was almed at SUPFrting people Into work and further learning situations. 2 tutors run this evening cour successfully throughout 11@y and June 2024. We expanded our leaming OPFK)rtunities this year by offerTng leamers the Government Multiply Programme. Thls programme helps Feople manage their money and upskill their numer. We have just launched an Accredited ESOL course to provide qualification in English. suppoirr FOR UKRAINE itr¥fEGRATION Support for Ukraine Integration Fund During this period, V have employed two C(Mnmunity Advisors on part-time IK)urs to deliver Support for Ukrai Integrdtion Grant programme which f(xussed improving life chances of those people and familTes vkno have come to the UK to flee the war in Ukraine. Over this time. we have supported 79 individuals. many viith CnpleX needs, to move forwards with their lives in Hereford. We have supported 49 individuals Tnto work, 14 into education and 6 ople Tnto volunteering. We have provided space on a free-of<harge basis to a Ukrainian pensioner vkno has run a tK)puiar KTds Music Stage ssions for Ukrainian children who have relocated to Hereford. We have also supported a Ukrainian Lady who is a personal trainer and Functional Yoga teacher to set up her own business providing personal training and run vEekly yoga classes at The Kindle Centre. Our Ukrainian Community Advisor has bn able to provide more intensive help and support to the older member5 of the Ukrainian C¢)mmunity and th¢)se who have limited English language skills. Our British c(munity Advisor ha5 been able to support those with more advanced language skills. Case Study: Our Ukralnlan Community Advlsor supported a family to reunite after they Vre separated by the war. A Ukrainian gentlemen came In to e our Community Advisor to ask for support to brlng hls partner and children to tl UK fr¢)m a dangerous area in Ukraine. The gentlemen had come to the UK to work and was employed in the Ic(al agrlcultural Industry and had secured approprlate accommodation in Herefordshlre. Our Communlty Advlsor VRS able to support tlE• gentleman WTth the application to bring his family memters and support the family through the prc(ess of arrlvlng In the UK. When the partner arrfved with the children, the famlly needed extensive support to get establlshed with essentials and to feel safe and comfortable fn thelr new home. Our Community Advlsor provfded frlendly and calm support to the whole famlly, working with the children to help them into school and the adults to help them understand their re5pJnsibilities in the UK. The gentlemen has been promoted in his vrk, the children are well-settled In school and mum Is worklng hard to Improve her language skills. The family regularly attends communlty events at The Klndie Centre, and tY continue to be supported. At the Kindle Centre we do not turn anYe avmy who needs our suppjrt and durlng thls perlod, we have addltlonally supported around 15 individuals each week. Some of these people have the most difficult Fersonal circumstances including ctt with the criminal justice system, h¢eleSsnesS, severe debt or long-term alth issues. By building professional and trusting relationships, we have been able to make iong-iasting and significant change5 to individual's lives. Supporting people to overcome their barrier5 to progress and providing onward supwrt to ac5$ leaming, training, volunteering and ernplont that people grow in self-esteem, *lf-confidence and believe that more is possible for them. Case Study: A couple came intrj The Kindle Centre after having their hours reduced at work. This couple were in their late 5QYs and had yrked in and around Hereford all their vrk7ng lives. The redtion in work hours had put the couple under significant financial strain and their ability to pay their rent and other basic expenses was under real threat. Our Community Advisor spoke to the couple to make them avfdre of the support that was availabEe to them via the Universal Credit system. The couple had never claimed Universal Credit before and yre very reluctant. After it VRS explained that the Universal Credit system was there to support people in times of temForary difficulty, t1Y agrd to go ahead with the claim wthile they were supp)rted to look for work. During the Universal Credit claim prOS5, our Community Advisor found out that one of the couples had a lifelong disability vthich affected the of work the r$on was able to do. Our Community A(fvisor provided support for a successful applicati for PIP. The couple worked with our Community Advi50r to urKlate their CVS and start applying for jobs. The CpIe wanted to work together as they have one car so would travel to and frtyn work at the same times. Our CommunTty AdvTsor contacted local employers to discuss the couple and tPEir availability to work which resulted in successful employTnent in two part time jobs which the cPIe could do together. Page 4
South W Develo ent Trust Ltd of the Trustees for the Year Ended 31 March 2024 COMMUNITY MEALS We started our c(Nnmunlty meats In 2010 - that Is 14 years agol And we have been giving our older resldents In the communlty a freshly Ccjoked meal and opportunitles to soclalise ever slnce, offerlng the get-togethers abt every 6-8 Vks. Our older people love to attend our community meals, and it makes a huge difference to the elderly who are lonely and socially isolated and rely on the Centre to meet and %xialise. We create a fantastic comtnunity vibe and lots of friendships have been created. Our model, which we are very passionate about, is to get people together over f¢) to socialise to combat social i50Lation and loneliness. This year we have had 12 community lunches to date including SFecial event5 to celebrate the King Charles 111 Coronation. Our organisation provides services and support to all particularly the vulnerable. Due to our forever- changing Vr1d and cost-of-living crisis, in the last year V have seen an increased demand in people needing our support. Our organisation connects our community and supports our community to work together and ke together. We are embedded into the community. and we keep in touch with our elderly vulnerable residents that we have always supported, they have told us how they are feeling lonely and isolated and how they really enjoy coming to the Kindle Centre to meet and share food. We have delivered community lunche5 from April 2023 March 2024. We are very grateful to our volunteers who help with the delivery of these events which we do in partnership with Growing Local CIC: all our local volunteers the amazing EPICS from Close House who are incredible with the older people. KINGS AWARD FOR VOLUNTARY SERVICE NOVEMBER 2023 SWDT was very honoured to be one of the flrst reclpients of the Klngs Award for Voluntary Service and the only organisaticfft to be awarded the award in Herefordshire in November 2023. We are extremely proud of our over 100 volunteers who tirelessly volunteer for us over the years, We were awarded this prestigious award by The Lord Lieutenant of Herefordshire Edward Harley CBE and htrs Harley at a vnderful event on Friday 22nd March 2024 GARDEN PARTY AT BUCKINGHIM PALACE Four of our very special volunteers attended a Garden Party at BLKkingham Palace on the 8th May 20Z4. Andrew Bridges has volunteered for many years and now works for SWDT. Ceclly Smlth has been volunteerlng for many years and is now In her 80's. They were both supported to attend the garden party by two more of our SFecial volunteers. Cllr Kevin Tiliett, also one of our Board of Trustees and the current Mayor of Hereford and Trlnny Perez has been volunteering since 2019. BIG EATS We started our Big Eats in 2018 after receiving community integrati¢Jn funding, further funding has ken secured from Herefordshire Communlty Foundation and Herefordshire Council. The Big Eats are a great opportunity for South Wye Development Trust to give people a wder understanding of different cultural needs and improved understanding and acceptance of different cultures, we also use our events to address social isolation, loneliness, poverty as well as lead to imwoved integration. SWDT has stayed committed to delivering these important events since. g. We have delivered at least 8 per year 5incel This is our 6th year anniversary. Page 5
South Develo ent Trust Ltd rt of the Trustees for the Year Ended 31 March 2024 The Big Eats are a community project that the communlty has develo and ovms and loves. Always on a Saturday, for all, y invite our communlty to come into Klndle make friends) prepare, cook and then share food together. Average 70 people attend. Recently we have been tying to combat fo)d waste and have teen grateful to receive donations of fruit and vegetables from the South Wye Allotment, beefy boys, and Hereford food share. We have been delighted to have the fantastic vegetables from the newly established Swth Wye CommunTty Garden frcm our partners and frlends Growing Lc(al CIC. We had 10 Big Eats between 114123 - 3113124. We were grateful to receive funding from UKSPF Communlty CapacTty Grant to deliver our ongoing Big Eats. LUNCH CLUB The fantastic Growing Local CIC have continued to Yrk WTth us in partnership to deliver the Yekly Lunch Clubs, every week on a Friday at The Kindle Centre, the alm belng to bring the community together to cook and share food whilst combattlng soclal Isolation and loneliness. FOOD HAIAPERS AND FOOD AND ACTIVITIES FOR CHILDREN IN OUR COMMUNITY AND FAMILIES This is vthat Communlty Is all about Throughout the year we have continued to support our families in so many ways. Free activities and events eSIallY in the school holidays. We have partnered with Herefordshire Council on delivering the HAF activities in the holidays. We delivered actiVTties throughout the Half Terms and the summer holidays welcomlng in chlldren over a 4-week period. We ran the activitTes in partnership with the Melody Dance Company and Community Arts. This year we have continued to be an advc(ate for our famllles on ralslng the Issue of the cost of Ilvlng, the worklng poor and helplng those Imng In poverty. Having our free schwl unifomi days is one VRY we try to help our families. SCHOOL UNIFORMS Our concerns were highlighted to the cost of school uniforms by ¢)ur families in the community, so again this year with the help of our amazlng volunteers, esFeclally Michelle Merrell we delivered several free school uniforni days when the community can CMe in and get free schcol unifonns. Our community are very generous in bringing into us school uniforni that they no longer need for us to give to others In need. We have been overnhelmed by t1 resp)nse and have been talklng on HITS radlo and BBC Hereford and Worcester about our campaign. wow - witrrrER OF WARMTH We were delighted to join the Winter of Warmth project wlth Herefordshlre Councll and have delivered a number of activities to support our familles throughout the wlnter. Our Chlldren's Chrlstmas party was one of those events. chlldren and thelr famllles having a fantastic time celebrating. TrAINING AND LEARNING This year V have teen used by many different tralnlng provlders to offer a varÈty of vc(atlonal tralnlns and learning. We have partnered wlth Hereford, Ludlow and North Shropsh7re College vA)o have delivered two Level 1 Preparlng to work in Schools courses and one Level 1 Safeguarding in an Educational Setting course between September 2023 and July 2024. Thls has been a great oprtUnIty for our Ic(al community who Wlld struggle to attend the college for a varlety of reasons and provides employment oPptunitIeS •M)ich can work around child-care responsibilities. 24 learners from a range of dlfferent backgrounds and cultures completed the Level 1 Preparfng to Work In Schools ourse and 8 learners moved on to complete the Level 1 Safeguarding course. 11 of these leamers have gone on to start the Level 2 Supp)rting Teaching and Learning in Schools Course at the College. All 11 of these leamers have teen successful In galnlng worl( placements in Ic(al schools. TV learners frcrfm the L1 Preparing to Work in Schools course have gone on Into paid employment in IaL schools. We have a further 12 students enrolled in the Level 1 course this autumn term and are already taking names for a further course and another Level 1 Safeguarding course to run in 2025. Page 6
South W Develo ent Trust Ltd Re rt of the Trustees for the Year Ended 31 March 2024 In 2024, we have also started V11ng with National Community Leaming Partnership (NCLP) to deliver accredited courses in childcare. 6 students completed the L1 Award in Caring for Children and V have another 10 students who are studying towards their L2 Certificate in Caring for Children. These courses are the first step towards a career in chlldcare settings . nursery, pre-school or early years education. In March and July 2024, we worked Trmth national training provider Jobskilia to offer two opportunities for a fully funded CSCS card courses. This was well-attended with 22 ieamers completlng the course. We engaged with a local constructlon f1mi to visit the courses to speak to leamers aLM)ut roles In the constrLftlon Industry. We have organisations delivering, First Aid, Emergency First Aid at Work and Paediatric First Aid, Mental Health First Aid, Health and safety courses, Cranstoun deliver their Men and Masculinities courses, and several counsellors have counselling sessions. We have built a reiatlonshlp with buslnesses In the private sector who use us as a venue to deliver their Companies training in IOSH Working Safely covering the essentials of health and safety in the workplace. Page 7
South W Develo ment Trust Ltd Re rt of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE COMMUNITY SUPPORT NATIONAL LorrERY COMMUNITY FUND When the Building Better Opportunities project flnIsld on 31st March 2023, ¢JJr Trustees made the bold decTSton to continue to offer SLSPPOrt and help to the community by contlnulng to have a small team gfving Advice, Guldance and Support In the local area. It was important that those in our community who need the most specialist supwrt to fTnd work, Feople WI are -out of vrk- or "not job readf and who flnd it increasingly difficult to find employment and a career are supported. People are flndlng it difflcult to access health and wellbelng support, navigate the beneflts 5yStems and generally get supp)rt wlth day-to-day Ilfe whlch Is so dlfflcult the days. We have found that some people are more disadvantaged than others. and it is these individuals that we are aware of in our community" vle are fully engaged with these Feople and see them on a regular basis. Our organization is centrally located within South Wye Hereford which has 5 Local Super Output areas which are classed within 20% deprived nationally. {20151 two areas Newton Farm and Golden Post are in the 10% deprived nati(alLY. Here at The Klndle Centre, VE take a holistic approach to supporting people with complex issues. We treat people as individuals and work with Feople to help them create an individual pian to move forward and then work with them to support them to achleve thelr goals. We Vre looking at vRys to ctinUe our support and in VemtEr 2023 we were delighted to be told that were successful in our application to the National Lottery Community Fund and we were awarding £453,000 funding to deliver a project supporting Jjr community over 5 years. Our project Is called INSPIRING @) KINDLE WE R WITH U Since V started our Inspiring @ Kindle project started in Septemtser, the Community Advisor team has met with over 70 individuals. We have supported Indlviduais wlth debt management, houslng issues, support wlth food and school essentials, CV writing, self-empIonent planning, household budgeting, accessing benefits, starting volunteerTng, attendance at tralning courses, job appltations, preparatlon for job intervIev and successfully entering employment. The Kindle Centre held a very successful E-visa Clinic durlng the OCtor school half term where over 60 Feople TrhEre supported to make thelr appllcatlons for E-vlsas vthkh wlll replace current BRP cards when they expire 31st December. The E-visa Clinic was necessary due to the multiple barriers people face with make their own applications for E-vlsas. Applkatlons requlre 11 a speciflc OFerating system on a phone or tablet, 2> two compatible devices, 3) adequate WiFi and pht)ne signal. The proce involves multiple reFetitive stepsi and many Feople struggle to complete the application. The Community Advisor team will Cctinue to support people with tIKir E-visa applicaticS as it ensures people are able to prove their immigration status to access emplOnent, study and accommodation. CHARiff SUPPORT AND PARTNER SUPPORT We continue to work wlth several other Charitles and voluntary organfsatlS In South Wye and across Herefordshire. Such as The Cracked Slipper Company, Growing L¢xal CIC, Melody Dance CcTtpany, Wiliowdene Rehabilitation. HVOSS. Serylces for Independent Llvfng. HAF SWDT became a HAF partner and has delivered HAF activities throughout the holidays. We delivered 2 x 3 hr sessIS per week for 30 children to include fresh healthy food for 4 vekS this year over the summer holldays. School holidays can te pressure p)ints for some families becau* of increased costs (such as food and childcarel and reduced incomes. For some children that can lead to a PlIdaY experlence gap, wlth chlldren from disadvantaged families: The free holiday club places hEre targeted at children vtho are eligible for and receiving benefits-reiated free school meals. Page 8
South W Develo ent Trust Ltd rt of the Trustees for the Year Ended 31 March 2024 ACHIEVEMEwf AND PERFORh(ANCE THE KINDLE CENTRE, OUR INCREDIBLE HEALTH AND WELL BEING HUB Our Regular cUsterS Pknt of our bookings are from regular customers who are delivering valuable SUPkN)rt to the community, some of our loyal cUstcer5 include: Hiring for over 10 years - The AstrcoMIc3I Society Writers Circle The Civic Society Friday Prayers Other regular hirers include: lelody Dance CIC -120171 The Arts Appreciation Society120161 Hereford 050 {20161 The Cracked Slipper Company12019 The Kindle Singers120211 Parklnsons Exercise Ciass12019 foll0vd by the Canaries in 20211 Parklnsons Canaries Hereford Guild of Guldes Aspire Living HDAA Cranstoun - Men & Maxullnltle5 and 1-1 meetings CPRE The Countryside Charfty Willowde Encore Enterprises Healthwatch Hereford5hire U3A The Offa Group The Arts Society Lccal or National organisation L(al organisations such as: Herefordshire Perinatal Services Herefordshire and Worcestershire Health Care and Trust: Healthy Minds Clinic. Dementia Service Diabetes Team Hereford Hospital Talk Community Health and Wellbeirkg Service Healthy Lifestyles Seryice Herefordshire Council Wye Valley NHS Trust SAFFA Capita Shaw Trust How did they find us? Google Busine Profile for our website. For the year: 3,850 google searches and 10,529 viev Lots of business from word of mouth and our reputation. Our FaCetk page has over 2000 followers. What they like abxjt us Page 9
South W Develo nt Trust Ltd Re rt of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORM4NCE le are always greeted affectlonally, and everyone checks that all is ylI with our meeting. When we had problems with our memory stKk, superhuman efforts were made to rectify the situation. We are always delighted not only the range of equiFMnent V can loan Lwt with the help are given in using it. Our SocTety has used three venues and the relief of finding somewhere where the lift does not stick, the front door and burglary aiami are not our responsibility, and the furnTture is moved for us never ceases to delight us" -can l just say what an excellent resource The Kindle Centre is. It's the fTrst time I'd used it and will be returning. The space is welcoming and VEII and well equipFed, the Staff vEre delighrful and very coMmOdating and so many other interesting activities were taklng place. It's fantastic! Keep up the excellent workl- Other activities and events: Free Sch(K)l Uniform days Family Ccok Workshops We have also hosted several special large events at the Kindle Centre HEALTH AND WELL BEING HUB AND WORKING WH pAKfNERS FROM THE NHS, LOCAL AUTHORITY, COWIUNrrY PARTNERSHIP The Klndle Centre has developed into a thriving Health and Well Eeing Hub utilisTng the Centre as an a55et-based approach that values the capacity, skills, knowledge, ccneCtiOns, and p)tential in a community to help find soluticS to health inequalities and find ways of mobilising these assets to achleve healthy Ilfestyie change outcomes. We support and enable residents to be independent, enabling them to lead fulfilling lives and helping the community to deliver their ovm services. In South Wye we understand that we needed to encourage our community to act on healthy lifestyle behaviour change particularly as area has a slgnlflcantly hlgher preVaLee of health inequalities and larger prOportiS of children (and adults) who are obese than other areas of the county. Although problems were identrfied, both universal mainstream services and initiatives in the area have had limited impact on these issues vthich are complex, involving soclal norns of behaviour and the wider detemiinants of health. We have always approached this by recognisTng that many of the solutlons lie within the community, ability could be released and utilised given sufficient levels of suptK)rt. We continue to work closely with our partners from the NHS and the L(Kal Authority to utilise the Kindle Centre to deliver much needed supp)rt encouraging our community to make healthy lifestyle choices. SOCIAL ISOLATION AND LONELINESS We have always been very mindful at South Wye Development Trust of lonellness and lsoiatlon and It5 significant and growing issue amongst our populaticm, and we e it daily In South Wye. It is important to recognise that although loneliness and isolation are two different concepts, both relate to Ple'S nse of connection with others. At South Wye DeveloFfflent Trust, we are all about "Connections,- Isolation refers to separation from social or familial contact, community involvement, or cesS to services. Loneliness, by contrast, can be understrmjd as an individual's personal, subjective sense of lacking the* things to the extent that they are wanted or needed. Loneliness is deeply [rSOnal . it5 cause5, conqUenceS and its very existence are impossible to determine without reference to individual and their own values, needs, wishes and feelings. We were and still are. all avRre that Covid-19 caused immense issues in our community related to loneliness and Sla[ isolation that we at SWDT are always ikIng to address. South Wye Development Trust at the Kindle Centre are based on the principles of: Wellbeing and placing FEople at the centre of decision-making about t11r lives. Working in partnership with Tndividuals to achieve the outcomes that matter to them. Prevention and early intervention. Our alm as an organTsation is to build: Page 10
South W Develo ent Trust Ltd Re rt of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Communlty reslllence Support communities to combat loneliness and social isoLation from our well known and Ferfectly placed community hub. The Key challenge5 we addre55 are: Prevent or reduce the development of isoiatlon and loneliness. Reach lonely individual5. Understand the nature of an individual's loneliness and develop a personalised response. Support lonely individuals to access appropr?ate Seices. Supwrt and maintain existing relationships. Foster and enable new connections. and Help people to change their thinking abJLrt their social connections. We can identify those at risk, such as those facing or experiencing a life transition We aim to prevent future loneliness by helping indiwduals who are at risk and those on the 'cliff edge. of loneliness {when they are nearing a life event or substantial shift in their daily routine). We will continue to be creative and Icok to address these issues in different ways but predomlnantly by continuing to engage with our community and dellver the supp)rt, activities and services as above. PARThERSHIP WORKING, GROWING LOCAL CIC. HEREFORDSHIRE COUNCIL, NHS, HVOSS, HEALTHWATCH, COAIMUNITY PARTNERSHIP. CRACKED SLIPPER COMPANY, CITh OF SANcfuARY. HEREFORD ELGAR ROTARY. WILLOWDENE FAIUA. MELODY DANCE CO CIC, CLOSE HOUSE AND OTHERS This year we have worked successfully in partnership with several key organisatiS to deliver events and activltles. We C¢tinUe to work closely with Growing Local who deliver our cook clubs, Big Eats, and community lunches. It has been fantastic to see the families and children Learn new skills and share f(K)d together. We are very excited to support Growing Local. Belmont Wanderers FC and Nmite to develop the Southside Project in South Wye which will enable us to grow locally for our ccThmunity, and this year we Wre very excited when veggie box scheme started delivering the communlty crop share FINANCIAL REVIEW Flnanclal posltlon The charity company's result for the year reported net income of £89,598 {2023: £38,900). Total funds stood at £486,151 12023: £396,553), whlch can be split betsveen unrestricted of £351,580 12023: £350,069) and restrlcted of £134,571 (2023: £46,484). Free reseNes at the year end, being total funds less fixed assets and restricted funds stLX)d at £338,99212023: £339,812). This equates to 12 months12023: 14.5 months) of the Charits annual expenditure. Reserves policy The board is acutely aare of the need to hold a reserve of six months running costs and a minimum of £100,IJJ) is kept in the CL¥npany's dep051t account. this sum was designated for use: "as a financial buffer in case of the failure of the business to enable it to be wound up over a six-month period, allowing for staff salaries to be paid and creditors to be honoured. This £1 (X)K represents six months running costs for the cnpany. The use of the money must be authorised by a meeting of the t()ard and the taking of a resolutTon for the expenditure of the funds. The Trust holds four bank accounts, two current accounts and two deposlt accounts. There are currently two signatories on the CAF bank account and tv signatures are needed for any cheque panent. Direct debit5 are made only for the payment of fuel bills, water and teLephones. The South Wye Development Trust's Kindle Centre is now a well-established development trust, supporting South Wye and the wider Herefordshire community. It is a provider of meeting rooms, quality community facilities, events and activities, and prides itself on its excellent customer service and competitive pricing. Page 11
South W Develo ment Trust Ltd rt of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW The South Wye Development Trust's Klndle Centre Is now a well-established development trust, supporting South Wye and the wider Herefordshire community. It is a provider of meeting rooms, quality ccthmunity facilities, events and activities, and prides itself cffi Its excellent customer rvice and competitive pricing. FLrruRE PLANS Our strategic objectlves for 202412025 are set out below: Our strategic aims: what we will achieve: Stronger ccnmunity organisations for now and for the future Partnerships v•hich improves opportunities for local PeIe Stronger more sustainable organisation To generate income thr(xJgh our established aSt base, and develop bjsiness opportunities which will offer volunteering, Vrk experience, training, and employment to local people and support our community. Create a sustainable IcKal environment thgh developing improved recreation, land management, new infrastructure, and innovative approaches to conseNation. Our values: principles we will work within We challenge oppressTon and prejudice, and prcthote dfversity We are frlendly and make everyone feel welcomed and supported We are creative and find new ways of working and maklng voluntary and crynmunlty action We are a VOTce for the community We are dynamic and Vrk hth purpose to get things done and to achieve lasting impact Our stakeholders.. who VE viill connect with Voluntary and community organisation5 Volunteers Businesses Publfc sector The prfvate sector Our community What we will do Work with local groups, other organlsatTons, and partners to develop their knowledge, skills and experience, and enable them to play their fullest role in the development of a strong, cohesive, and incluswe South Wye community Work with partners to create a healthy c(Knmunity through the establishment and development of Improved health facilities. services, and avrdreness across the neighbouth(M)d Generate income throLryh an established asset base, and develop business opwrtunities which will offer volunteering, Yrk exrienCe, training and employment to local people: Work toward5 creating a sustainable local environment through developing improved recreation, land management, new infrastructure and innovative approaches to conservation. srRucfuRE, GOVERNAN AND MANAGEMENT rA>verning document The charity TS constituted as a company limited by guarantee and is therefore governed by the meManduM and articles of asxKiation18th March 2161. Board members are adopted through a majority vote of at least a quorum of the iM)ard (no less than 5 members). Page 12
South W Develo ent Trust Ltd rt of the Trustees for the Year Ended 31 March 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees New trustees are recruited by advertisetllent and reaching out to netrkS to be able to recruit to the skilts needed wlthin the board. The charity follows the charity commissions procedures for onboarding. Organisational structure The Board meets Bi-monthly to monitor the organisation's work activities and finances. Monthly management accounts are presented at each Board rneeting showing the overall financial POSTtion as well as the performance of individual restricted funds. The charity employs 15 members of staff. The Trust now employs its own Chief Officer. Induction and training of new trustees New Trustees are provided wÉth infomiation about The Kindle Centre and the objectives of the charitable company. Charity Commission guidance for new trustees to ensure they are aware of their duties and responsibilities is also provided. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 05750840 {England and Wales) Re8iStered Charlty number 1117770 Registered office The Kindle Centre Asda Superniarket Belmont Road Hereford HR2 7JE Trustees Cllr P Rone - Chair Mrs P Gordon - Vlce Chalr Mrs F Lane Cllr K Tillett Mrs P Southwood Mrs J Griffiths Mr N Small Mrs N Kinson - resigned November 2023 Mr C Chappell Company Secretary Ms M J Evans Independent Examlner Lisa Weaver FCCA Thome Wldgery Accountancy Ltd Chartered Accountants 2 Wyevaie Business Park Kings Acre Hereford Herefordshire HR4 7BS Page 13
South W Develo ent Trust Ltd Re rt of the Trustees for the Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DEfAILS Bankers Lloyds 6-8 High Town Hereford HR1 2AE CAF Bank 25 Klngs Hlll Avenue Kfngs Hlll West Malllng Kent ME19 4JQ DIREcfoRS AND TRUSTEES All dlrectors of the cc4npany are also trustees of the charity and there are no other trustees. A list of the tru5tee5 and changes In the year are on the legal and administrative page. Approved by order of the board of twstees on ......... ICI ! I I l L4................... and signed on its behalf by: P,- k@ Cllr P Rone - Trustee Page 14
Inde ndent Examinerfs Re rt to the Trustees of South W Develo ent Trust Ltd Independent examlner's report to the trustees of South Wye Development Trust Ltd ('the CompanW} I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbilities and basis of report As the charity's trustees of the Company {and also its directors for the wrposes of company law) you are resrM)nsibie for the preparation of the accounts in accordance with the requirements of the Companies Act 20J61'the 21X)6 A£t'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 26 Act and are eligible for independent examination. I report in rect of my examinatTon of your charity s accrAJnts as carried out under Section 145 of the Charities Act 2011 1.the 2011 Act.). In carrying out my examinat70n I have followed the Directions given by the Charity Commission under Section 145(5) Ib) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,0 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examInatic because l am a member of the Association of Chartered Certified kcountants, which is one of the listed bodies. I have ccthpieted my examination. I confirm that no matters have come to my attention in connection with the examination giving me ca to believe: accountlng record5 were not kept in respect of the Company as requlred by Sectlon 386 of the 2006 Act. or the accounts do not accord with those records; or the account5 do not comply with the accounting requirements of Section 396 of the 2CQ6 Act other than any requirement that the accounts gfve a true and falr view which Is not a matter C¢)nsldered a5 part of an independent examinatlon. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their acCntS in accordance with the Financial Rep(rting Standard applicable in the UK and Republic of Ireland (FRS 1021). I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be dravm in this report in order to enable a proFer understanding of the accounts to be reached. Lisa Weaver FCCA The knociation of Chartered Certified Accountants Thorne Widgery Accountancy Ltd Chartered Accountants 2 Wyevale Business Park Kings Acre Hereford Herefordshire HR4 7BS Date: Page 15
South W Develo ent Trust Ltd Statement of Flnanclal Actlvlties for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donati5 and legacie5 248,338 248,338 149,755 Other trading activities Investment income 170,341 170,341 164,838 Totsl 179114 427 452 EXPENDrruRE ON RaTSTng funds 10,609 10,609 5,629 Charitable actlvltles Community Facilities CtNnmunlty Ccl)eslan Events BBO HAF Funding ESOL Refugee & Community Ukranian Support Fund 166,994 8,962 1,218 9,746 1,979 117,589 175,956 1,218 9,746 1,979 117,589 180,759 50,638 10,9)1 29,594 Total 177.603 160,251 337,854 INCOME 1,511 88.087 89.598 38.(XK) RECONCIUATION OF FUNDS Total funds brought foThvard 350,069 46,484 396,553 357,653 TOTAL FUNDS CARRIED FORWARD 351 580 134571 486 151 396 553 The notes form part of these financial statements Page 16
S¢)uth W Develo nt Trust Ltd Balan Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 12,588 12,588 10,257 CURREwf ASSETS Debtors Cash at bank and In hand 13,910 349,240 13,910 483,811 15,648 386,480 134,571 363,150 134,571 497,721 402,128 CREDrroRS Amounts failing due within one year 10 (24,158) 124,158) (15,8321 NEf CURRENT Assrrs 338 992 134 571 473 563 TOTAL ASSEfs LESS CURRENT LIABILITIES 351,580 134,571 486,151 396,553 Nrr ASSErs 351,580 134,571 396 553 The notes fonn part of these financial statements Page 17 continued...
South W Develo ment Trust Ltd Balance Sheet - contlnued 31 hlarch 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes FUNDS Unrestricted funds: Community Facilities BBO 15% UnrestrTCted Building repairs & renewals - designated 301,580 280.193 19,876 351 580 Restricted funds: Community Lunches Heathy Lifestyles Pilot services Community Cthe5ion Events Asda grant Big Lottery Kitrhen and Newgrove Trust Labyrinth Project Hereford Community Fund HAF Fundlng Ukrainian Support Fund ESOL Refugee and Community Household Support Fund 7,369 3.657 7,741 1,759 433 3,341 10,690 4,269 36,955 58,048 309 7,866 3.657 6,231 1,059 433 3,3T2 6,107 2,401 14,CV)2 1,266 134 571 TOTAL FUNDS The charitable company is entitled to exemption fr( audit under Section 4T7 of the Companies Act 26 for the year ended 31 P4tsrch 2024. The memLxhrs have not required the company to obtain an audit of its financial statements for the year ended 31 hlarch 2024 in accordance with Section 476 of the CcKnpanies Act 21J)6. The trustees acknowledge thelr responsibilitie5 for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2C06 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requlrements of Sectl¢)n$ 394 and 395 and which otherwlse comply wlth the requirements of the Ccmpanles Act 2006 relatlng to financial statements, so far as applicable to the charitable company. Ib> The notes form part of these financial statements Page 18 contlnued...
South W Develo nt Trust Ltd Balance Sheet - continued 31 March 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The flna tements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: Cllr P Rone - Trustee The notes fonn part of these financial statements Page 19
South Develo ment Trust Ltd Notes to the Financial Statements for the Year Ended 31 March 2024 AccoutrmNG POLiaES Basis of preparlng the flnanclal statements The financial statements of the charitable company which is a public benefit entity under FRS 102, have en prepared in aCcOrdae with the Charities SORP IFRS 102} 'Accounting and Rep)rting by Charities: Statement of Recommenikd Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019}', Financial Reporting Standard 102 The Financial ReportTng Standard applicable in UK and Republic of Ireland. and the Companies Act 2(. The financial statements have been prepared under tPE hist(xical cost conventi(. The Trustees have considered the effect of the current economic climate on the financial future of the Trust and belTeve they are a going concem. The Trustees have reviewed their future ccffnmitments and reserves policy and feel confident with the financial )sition for the fore$able future. The Trust had more than £3(KJ,CiK) in the unrestricted bank account at the yearend and free reserves of £338.992 (2023: £339,912}. Income Income is recognised when the charity has entitlement to the funds, any Ferfonnance conditions attached to the itemls} of inccthe have been met, Tt 15 probable that the income will be received and the amount can be measured reliably. Income from government and otr grants, whether 'capital' grants or 'revenue' grants, is recognlsed when the charity has entitlement to the funds, any perforniance conditions attached to the grants have been met, it 15 probable that the Income will be receTved and the amount can be measured reliably and TS not deferred. Donated professional SeICeS and donated facilities are rec4n1d as Income when the charTty has control over the item, any conditions aSSlated wlth the donated item have been met, receipt of economic nefit from the use by the charity of the item Is probable and that economic benefit can be measured rellably. Interest on funds held on deF#)Sit is included when receivable and the amnt can te measured rellably by the charity" this is nornially UFon notificatTon of the interest paid or payable by the Bank. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructlve oblTgatTon CMItt1ng the charity to that expenditure, it is probable that a transfer of economic benefits wlll be requlred in settlement and the amount of the obligation can be measured reliably. Expendlture Is accounted for on an accNais basis and has been classified under headTngs that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basTS Cl51stent with the use of resources. Tangible fixed assets Depreciati( is provided at the following annual rates in order to vffite off each asset over its estTmated useful life. Fixtures and fittings Computer equiprrEnt 20% on cost 50% on cost Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturlty of three months or less from the date of acquisition or Oning of the deposit or similar account. Page 20 continued...
South W Develo ent Trust Ltd Notes to the Financial Statements - contlnued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - contlnued Creditors and provisions Creditors and provisions are recognised vthere the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Taxation The charity is exempt from cortK)ration tsx on its charitable activities. Fund accounting Unrestricted funds can be used in accdance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the object5 of the char5ty. RestrIct1cS arlse then specified by the donor or when funds are raised for particular restrlcted purposes. Further explanatlon of the nature and purpose of each fund ts Included In the notes to the financlal statements. OTHER TRADING AcfiviTIES 31.3.24 31.3.23 Blfftet and freShMentS Rent Room hire Intemet and copies Sundry receipts 13,873 40,370 110,163 824 11,506 40,308 112,113 911 170.341 INVESTMENT INCOME 31.3.24 31.3.23 Dep)sit account interest 2,472 NET INCOMEI(EXPENDITURE) Net incomel{exFenditurel is stated after charging/{crediting): 31.3.24 31.3.23 Depreciation - owned assets Page 21 continued...
South W Develo ent Trust Ltd Notes to the Financial Statements - contTnued for the Year Ended 31 March 2024 TRusfEES' REMUNERATION AND BENEFrrs There were no trustee5' remuneration or other beneflts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees. expenses pald for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF cosrs 31.3.24 31.3.23 Wages and salaries 112894 96,825 112894 The average monthly number of employees during the year was as follows: 31.3.24 13 31.3.23 11 Staff No employees received emoluments in excess of £60,000. There were no high paid staff for the years ended 31 March 2024 and 31 March 2023. COMPARATIVES FOR THE sfATEMENT OF FINANaAL AcnvmES- 31 MARCH 2023 Unrestrlcted funds Restrlcted funds Total funds INCOME AND ENDOWMEKfs FROhl Donat1$ and legacles 16,871 132,884 149,755 Other trading activities Investment incc*me 164,838 164,838 Total 184,181 132,884 EXPENDITURE ON Raising funds 5,629 5,629 Charitable actlvftles Communlty Facllltles Community Cthesian Events BBO HAF Funding ESOL Refugee & Community 154,252 26,507 644 50,472 10,IX)1 180,759 166 50,638 10,9)1 29,594 29,594 Total 160,047 118,118 278 165 Nrr INCOME 24,134 14,766 38,9 Page 22 continued...
South W Develo ent Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMEKf OF FINANCIAL AcllviTIES - continued Unrestricted funds Restricted funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 325,935 31,718 357,653 TOTAL FUNDS CARRIED FORWARD 350,069 396 553 TANGIBLE FIXED ASSETS Fixtures and fittings Comwter equipment Totals COST At 1 April 2023 Additions 119,687 68,074 187,761 At 31 March 2024 119 687 194,71KI DEPRECIATION At 1 April 2023 Charge for year 119,687 57,817 177,504 At 31 March 2024 119687 182 202 NEf BOOKVALUE At 31 March 2024 12,588 At 31 March 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments 12,636 1,274 14,456 15,648 Page 23 continued...
South W Develo ment Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 10. CREDITORS: AAiouirr5 FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Social security and other taxes Accruals and deferred inc¢Jme 9,461 MOVEMEKf IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrfrted funds Community Facilities BBO 15% Unrestricted Building repalrs & renewals - designated 280,193 19,876 1,511 19,876 119,876) 301,580 350,069 1,511 351,580 Restrlcted funds Communlty Lunches Heathy Lifestyles Pllot servlces Community Cthesion Event5 Asda grant Big Lottery Kitchen and Newgrove Trust Labyrinth Project Hereford Comrnunity Fund HAF Funding Ukrainian Suppx)rt Fund ESOL Refugee and Communlty Household Support Fund 7,866 3.657 6,231 1,059 433 3,372 6,107 2,401 14,Cp)2 1,266 {497) 7,369 3,657 7,741 1,759 433 3,341 10,690 4,269 36,955 58,048 309 1,510 700 1311 4,583 1,868 22,863 56,782 309 46,484 134 571 TOTAL FUNDS 396,553 89,598 Page 24 continued...
South W Develo ent Trust Ltd Notes to the Financial Statement5 - continLEd for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - continued Net movement In funds. Included1n the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Community Facilities 179.114 1177.603) 1.511 Restricted funds Community Lunches Community Cohesion Events Asda grant BBO Herefordshlre Funding Labyrinth Project Hereford Communlty Fund HAF Funding Ukrainian Support Fund ESOL Refugee and Community Household Support Fund 2,194 2,728 700 9,746 12,6911 (1,2181 (497) 1,510 700 19,746} 1311 16,1951 11,9791 120.7571 (117,5891 451 {31) 4,583 1.868 22.863 56,782 309 10,778 3,847 43.620 174,371 354 160 251 TOTAL FUNDS 427 452 337 8541 Page 25 continued...
South W Develo ent Trust Ltd Notes to the Financial Statements - contlnued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - contlnued Cornparatives for movement in funds Net movement In funds At 31.3.23 At 1.4.22 Unrestricted funds Community Facilities BBO 15% Unrestricted Building repalrs & renevRis - designated 264,908 11,027 15,285 8,849 280.1963 19,876 325,935 24,134 350,069 Restricted funds Community Lurtrche5 Heathy Lifestyles Pilot services Communlty Cthesion Events Asda grant Big Lottery Kitchen and Newgrove Trust BBO Herefordshire Fundlng Labyrinth Project Hereford Communlty Fund HAF Funding Ukrainian Support Fund ESOL Refugee and Community 5.575 3,657 2.909 1,059 433 328 3,445 14,235 77 2,291 7,866 3,657 6,231 1,059 433 3,322 1328) 173) 18,128) 2,324 14,092 3,3n 6,107 2,401 14,CY32 1,266 TOTAL FUNDS 357 653 38,900 396 553 Page 26 continued...
South W Develo ent Trust Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2024 11. MOVEMENT IN FUNDS - continued Comparatlve net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement In funds Unrestrlcted funds Communlty Facllities BBO 15% Unrestricted 175,332 (160,047 15,285 184,181 (160,047> 24.134 Re#ricted funds Cornmunity Lunches Cofflmunity Coheslon Events BBO Herefordshire Fundlng Labyrinth Project Hereford Community Fund HAF Funding National Lottery Fund Ukrainlan Support Fund ESOL Refugee and Community 4,863 3,966 50,144 12,572) {644) I,472) {73) 113,908) 110,931) (9,954) 2,291 3,322 (328) {73) (8,128) 2,324 5,780 13,225 9,954 14,092 30,860 14,092 1,266 129,594) 132,884 118 118 14,766 TOTAL FUNDS 317 065 278 165) 38,0 12. RELATED PARTY DISCLOSURES There were no reLated party transactlons for the year ended 31 March 2024. 13. coKrROLLING PARTY The charity is jointly controlled by the Trustees. 14. FUNDS Cornmunlty Faclllties Community Facilitles fund has been establSshed with the twin aims of sustainability and, with tlme, the ability to create a surplus, which can be relnvested Into the South Wye Communlty. The charity is worklng wlth and for the cc*nmunity to provlde resources such as hall space, meeting rojms, internet access. aCtItieS for young people and a buslness support setvice. Buildin8 repalrs and renewals - des18nated fund Durlng 2022, the Trustees have considered th@ future cost of repairs and reneal5 at the Kindle Centre, have establlshed a designated fund of £50k from unrestrlcted funds to utillse when necessary. This will also cover general maintenance such as external and internal paintvKrk and repairs and annual deep cleanlng of carFets and fabrlc covered chairs, for example. Restricted Funds Restricted funds Is made up of varIS cornmunity projects vthlch funding is received for. Page 27