REGISTERED COMPANY NUIVIBFR: 02744192 (England and Wales) RFGISTERED CHARfTY NUMBER: 1014270 Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Springboard Project (A Company Limited by Guarantee) Warren House Accountants Limited 4 The Coutyard Holmsled Farn] Staplefield Road Haywards Heatb RH17 5JF Springboard Project Contents of the Financial St2tements for the Year Ended 31 March 2024 Pvage Chairman and CEO Reports Treasurer's Report 2 to 3 Report of the Trustee5 4 to 10 Independent Exan)iller's Report Statement of Financial Activities 12 Statement of Financial Position 13 ststement of Cash Flow5 14 Notes to the Statement of Cash Flows 15 Notes to the Financial Statements 16 to 23 Detailed Statement of FinanelAI Activities 24 to 25 Springboard Project Chairman and CEO Reports for the Year Ended 31 Mareh 2024 Chairls Report Tbe UK, and the World, continues to be a cballenging environment for children, young people and their families. The cost of living Temains high, chil young people and their families can reach their thll potential. Beth Coley Chief Executive Page I Springboard Project Treasurer's Report for the Year Ended 31 March 2024 The following section PTOVAdes a comprehen.qive and transparent Slunmary of key financial movements, detAiling SpTingboaTd Project's financial management strategies througbout the preceding year. Income 2024 2023 Annual movement Donations ContractslGrants MembeTshipslActivities Other Income Gain on sale of tangible fixed assets 45,810 310.509 56,087 18,533 65,613 244,988 61,000 17,107 11,773 (19,803) 65,621 (4,913) 1,426 (11,773) Total 430,939 400,481 30,558 Total income for the year was £430,939, an increase of £30,558 (70/.). This year the income from donations reduced by £19,803 and contractslgrants increased by £65,621. Contracts and grants continue to be the largest income category, at £310,509 making up 720/0 of the annual income. an increase of £65,621 frorn the Previous year. Whilqt the critical, one off, short-term funding in response to the pandemic has Subside￿ Springboard continues to rely on grants and local authority contracts. However, the £56,087 of income generated from membershiplactivities and £45,810 from donations, combined was £24,716 less than the previous year. This perhaps is Teflective of the ongoing cost of living crisis. compounded by a reduction in monthly memberships for stay and play sessions, with customers opting to bay as you go,, rather than opt for unlimited usage. Developing the diversity of Sprlngboard's income streams continues to be a focus for the organiqation to reduce contracvgrant depettdence and protection from market fluctuations. Springboard's healthy position, regarding reserves and cash balances, will help the organisation to meet the evolving charity sector income challenges in the short terni as well as to support children, young people and families living with a disability facing challenges due to the current cost of living. Expendiiure 2024 2023 Annual movement RaTsing donations and legacies Charitable activities Support and governance costs 3,969 341.547 6,879 2,317 341,742 9,227 1,652 (195) (2,348) Total 352,394 353,286 (892) Total expenditure for the year was £352,394 a decrease of £892 (0.2 %) from 2023. The tNstees recognise the significance of staff and volunteers in driving tbe mission of the cbarity. Following a pay and benefits review in 22123 several Changes were made to best demonstrate their value and invest in their development. In April 2023 Springboard became a real living wage employer as the first of a series of stsps to enable better reoruitment and retention of the workforce. The organisation ended the 2024 fu￿nCIal year with a cash balance of £452,706 (£348,337 in 2023). Whilst 2024 has bcen another year of challenges, financially and otherwise, througb effective financial controls, particularly around the variable costs associated with activities, combined with positive income generation for the year, Springboard recorded a Surplus of £78,545 (£47,195 in 2023). Page 2 Springboard Project Treasurer's Report for the Year Ended 31 March 2024 Vhilst Springboard has been able to maintain a healthy cash balance, it should be noted much of the 2024 funding renllins in the balance and fun present tbeir report with the financial statements of the charity for the year ended 31 Marcb 2024. The thjstees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing theii accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). Page 3 Springboard Project Report of the Trustees for the Year Ended 31 March 2024 Objectives and Aetivitles Springboard bas been Providing services for children, young people and their farnilies for over 30 years, and we pride ourselves on delivering a hlgh quality, fun and inclusive provision. The following section provides an overview of our key services. SEND ServKees We offer supportive youth club services across West Sussex in HorshanL Crawley and Wortbing, taking referrals from aged 6 up to 30 years. Age 6-18 Groups For children and young people with SEND aged 6-18 years living in Horsham, Crawley and Worthing we nm sessions run in Hor$ha￿ Crawley. Worthin& and in both the local conllnunity and trips further afield. Running on Sa￿rdaYs in term tin]e and during school holidays, sessions offer opportunities to sociali8e. learn life skills, gain independence and rnake friends. Sessions are organised by age and support required. Age 18-30 Groups - for young adults with SEND living in West Sussex, the group meets on a weekday evening during term time and various full days thToughout the school holidays in Hor8harn or Crawley. Sessions focus on building life skills, independence, socialising and feeling com]ected to the community. Volunteering and Employablllty - This patbwdy provides one-to-one support for young people wÈth SEND to develop the skills and confidence to gain and maintain a job or volunteering opportunity. Sessions take place our inclusive centre in Horshatn as well as out in the local community and cover topics such as how to WTite a CV, interview teclmiques, health and safety at work, professionalism as well as the opportunity to practise skills in 2 practical way. Lrfe Skills - This patbway provides the opportunity for SEND young people and adults to fiwther develop their independence. confidence and abilities with everyday life skills, to increase their aspiration of living more Independently. We offer an eight-week small group programme from our inclusive centre in Horqhan¥ delivered by our friendly and supportive team. Topics covered include money handling skills, health and safety in the kitchen, planning and preparing a meal and home skills such as washing, Jnaking the bed and keeping your space tidy. Transitions 2nd Fanllly Support - This pathway offers one-to-one support for children and young people with SEND when entering a period of tran.qition or family crisis, such as moving schools, out of education or only attending for a Tedueed timei&ble, nwital separdtion, moving from children to adults, services or in need of tailored short-terni support. We offer a six-week programme at our inclusive centre in Horsham. Alongside the child or young perqon and their family we will work on short terni goals in a fun, supportive and struclured way. Family Fun sessions - Springboard enjoys bringing the family together for a variety of fun, sen80ry and inclusive activities during key holidays in the year, such as our CbTiStmas paty and inclusive Sants's grotto. Stay and Play centre Our centre in Horsham is an inclusive play centre designed for families wttb children aged 0-10, where all families are welcome. There are a range of play spaces to explore and enjoy, including soft play, sensory roo￿ role playldressing up. books, arts and crafts, spacious garden with inclusive, adapted play equipmenL kÈtchen and accessible changing facilities. The centre enables parents to ta]k and learn from one anotber as well as encourage children to play with others. The centre aims to provide faLnilies with an inclusive. understanding and supportive environment. also providing inforn]ation. guidance and signposting to other organisatiODS. Care Package5 Following on from overwhelming positive feedback from families we have continued to provide Christn)as Care packages and a donation station, all year round at our Ilorsham centre, in response to the cost-of-living crisis. Support by donations, especially those from tbe Hygiene Bat)k and Piccolo Food% we are able to Provide toiletries. healthy baby and children's foo¢ toys and books for free. In October 2023 Springboard House became a Wann Welcome Space, where families are able to access a free, warn4 safe and welcoming place during a weekly Stay and Play sessioffj with a free hot dTink. Page 4 Springboard Project Report of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT Achievement and performance Springboard's Vision A world of equality where all disabled children, young people and their families are able to reach their full potential. Sprlngboardts Mission - Facilitate and offer advice and support to disabled children, young people and their families. - Create environments and deliver services that develop identity and build selfesteenL - Advocate and raise awareness on disability and the barriers a8sociated. - Enhance the physical and emotional wellbeing of disabled children, young people and their families. Sprillgboard's Values Springboard has five core values which underyin and guide the way we work in all that we do. We are.. Passionate: We believe by supporting individuals we are able to create independenc¢ and enable people to reach their potential. Fun: We believe that you are able to achieve greater outcornes when people feel good about and enjoy themselves. Caring: We believe in listening, supporting and responding to each person's individual needs and c71CUrnStances. Inclusive: We believe that everyone regardless of their disability, need and background should be able to acc¢ss bigb quality services and facilities. Adaptable: We believe personalised. flexible services and approaches help develop choice, voice and opportunity. Achievement and Performance As the turbulence and uncertainty that stemmed from the covid-19 pandemic is di8tanced. it is becomiDg more apparent just how many of our customers are experiencing nlaterial deprivation challenges amplified by the cost-of-living crisis. The demand for our services is becoming more and more prominent as we strive to continue to support fan]ilies. Springboard's services assist with many of the cballenges children, young people, and their families, especially those living with a disability encounter. This includes supporting them to be part of their Community by providing a range of engaging activities, sessions and programmes that are equal to that of their non-disabled and neurotypical peer5. This year Springboard recorded 12,772 children, young people and parentlcarer visits. That includes: 1,664 attendees at our services for children and young people with additional needs 10,949 visits to inclusive stay and play sessions 159 people attended family events The following section considers Springboard's perfonnance and highligbts how we have furthered the orgallisation's n]ission. Sbort Break5 Thi8 was the first year of the new West 8ussex County Council (WSCC) Short Breaks contract in which Springboard delivered 170 8e88ions. with 1.320 children and young people attendances totalling 5,524 hour.s for 100 families, which exceeded the contracted delivery hours. In the year the number of children and young people Tegistered for Springboard's short breaks doubled. In our annual contracts review meeting WSCC Officers said. 'Springboard has reported excellent delivery across all lots and have overdelivered in several of these lots. They use eKtensive ways of gathering feedback to ensure that CYP and their parents carers are actively contributing to the way in which tbe sessions are nm and activities planned. Tbey ensure that the ways in which feedback is gatb￿¢d is acccssible for all using various methods such as visuals and technology-based input. It is evident that Springboard have worked hard to adapt to the new contract and have created a provision that delivers well on all KPIS. The feedback which has been received from the recent Short Breaks survey and directly to Springboard shows that their primary focus is on the CYP that attend their sessions,. Page 5 Springboard Project Report of the Trustees for the Year Ended 31 March 2024 However, we recognise the number of sessions, and their frequency is inqufficient for families. In response and due to the positive deIivery and take up of services, Springboard was able to draw down further fimding from WSCC for additional holiday provision over Christmas holidays and February half ierni. We continue to pursue furtber funding to make these sessions more frequent for families in response to their feedback in the coming year. The decision was made to close Springboard's Sutton services in May 2023 due to the reduction in new referrals in which longstanding members have moved from a 12-18-year-olds short breaks group into an 18+ transition group, which is not funded. As part of the exit strategy, the team worked with the yowig people, their families and commissioners to support the smooth exit of services and transition to other local services that operate in the area. In January 2024, West Sussex County Council opened a new tender under the Short Breaks contract for innovative, pilot services. We were successful in applying and have been awarded £9,500 for 2024125. The funding will provide short courses for families to experience world kitchen cooking sessions in the autumn tern) of 2024 and spring tern] of 2025. These sessions are designed to support the whole family preparing food, cooking and tben having the option to either stay and eat their meal together with the other families or take it home. The aim of the sessions is to involve the whole family in the cooking process, whilst cieating meals that are affordable and nutritious. Stay and Play Our inclusive centre continues to welcome families, with well attended sessions from not only local families but aeross East and West Sussex. In 23124 there were 10,949 visits to our inclusive stay and play sessions. Summer continues to be our busiest time of year, with many days reaching capacity. Therefore. we trialled SatUTday morning sessions and going forwards we will look for further funding to offer these sessions more pernhwently. Working in partnership has developed tl)is year with Horsham Eibrary numing free sensory 8tory time. alongside drop-in sessions with Mess and Me. We￿e been joined by a senior dental nuTse from Sussex Commwiity NHS Tnlst, sharing tips on oral hygiene and givtng free resources to families, as well as open days to promote local facilities and groups. For World Book Day we prornoted lending our fallcykness costumes out to the public with tbe aim of reducing the financial pressures that days like this can bring. Stepping Stones After a succe8.%ful recruittnent and implementation of our new Stepping Stones programme the first full year figures identified just how much this seryice is needed. From September 2022-23 the Comtnunity pathway delivered 2,191 hours, with 504 chil(tren and young people attendance across 138 sessions. Twenty-five young people attended the Lifelong Learning pathway across five separate programmes totalling 600 hours delivery time. In the Volunteering and Employability pathway all 40 young people recorded an increase in their workplace confidence. with 60 per cent of them gaining either employment, or volunteering or further education. Finally. the Transitions and Family Support pathway supported twenty-one children and young people in identifying and understanding tbeir emotions, working on techniques to regulate them. Care p2tk2ges 2nd donation stations Due to the generosity of the local community donattng at Swan Walk Shopping Centre's Christmas in8tallation, we were able to put together 30 wellbeing packages for local families containing a selection of cleaning products, toiletries, blankets, hot water bottles, cold weather clothing. toys and age specific gifts for the children. We continue to work closely with the Hygiene bank and Piccolo Foods who provide essentials items for our donation Statio￿ available to everyone who artends the centre. Public Benefit Reporting The trustees Conf￿ that they have complied with the duty in section 17 (5) of the Charities Act 2011 to have regard to the Clthrities Commission general guidance on public health, 'Charities and Public Benefit '. The ttvstees have taken due regard of the Cbaiity Commission's guidance on public benefit while setting the objectives and reviewing the activities of the charity, as delailed above. Page 6 SpriDgboard Project Report of the Trustees for the Year Ended 31 March 2024 Research and Development For Springboard it has been a year of acknowledging the significance of the organisatioTh's work over the last 30 years and looking at how our services could develop to firther meet the challenges of the community we serve. We have spoken to childreo young people and fatnilies about our services and the venue, as well as staff and volunteers about the challenges they face and the potential for our services. We Tecognise the SI￿lficance of having a bespoke venue, but it needs adapting to accommodate all our customers in a welcoming and inclusive space, enabling us to provide more opportunities to fatnilies so they can live fulfilling and aspirdtional lives. Therefore, we have identified a tbree-phase building renovation progrdmme which we will start to fundraise for in the next financial year. The charity operates from its base in Horsham, a converted Victorian house (52 Hurst road, RH12 2EP). Despite the charlties ethos of inclusivity this is not Teflected in the building, witb narrow doonvays and corridors, tight turning circles and a hjgh-level reception ¢ounteT. In addition, rooms on the first and second floor are not well utilised. We are looking for a better way to use the space so that everyone can enjoy the services on offer and increase ow seryice delivery capacity. CJreater energy efficiency- the building is cold in the winter and hot in the summer, with poor airtiow and expensive utility bills. We are looking at ways to improve the energy efficiency of the building and reduce our catbon footprint. Greakr garden play value - over the years different sections of tbe garden have received investment. This has resulted in a disjoiTJled play area with poor flow. We are working to Tedesign the outside space, providing an enriching space in nature. In addition to these larger scale renovations. we have focused on improving Springboard's comn]unication and accessibility. This started with a website redesigw and we are now looking to improve communication within the centre and a¢ross services througb the use of PECS at]d visual tIn￿tableS, as well as Makaton training for all core staff. Finaneial review Reserve5 The organisation ended the 2024 fmancial year with a cash balance of £452,707 (an increase of £104,370 on 2023). The increase in the cash balance does not equate with the in-year surplus of £78,545 due to debtors at accounting period close. This casb balance increase is primarily due to an increase in grants which directly support the delivery of services, aIlowing for unrestricted funds to build upon the organisations strong foundations to continue to provide future committed services. Tbe organi8ation will however need to continue to sowce funding from varied revenue gtreams and reduce exposure to risk particularfiy as we continue to see both rising demand as well as rising co%L8. Page 7 Springboard Project Report of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT Financial review Reserves Financial Review- Reserves policy Tbere are a variety of different income 8treams including, contracts, grants and donatiODS. Although they are not new approache8 for the organisation, ￿ndIng is not guaranteed beyond the medium terni and are therefore considered a risk by tbe board of tnjstees. Therefore, sufficient reserves mitigate against potential fluctuations and ensure Springboard's charitable objectives can be n￿1nts1ned should the charity be required to close. During this time, Springboard wish to ensure the obligation to disabled childre￿ young people and their families, as well as the wider community, is met if extsting sources of income are not secured. To ensure the risk of Springboard's closure is managed and mitigated, should income reduce or not be secureiL the trustee board has agreed to maintain unrestricted financial reserves for a period of six months operating costs, as well us funds available in the event of redundancy. Therefore, calculated reserves stand at £268,082. This duration is considered sufficient to enable Springboard to safe 8uard the organisation going forward against key risks, such as competition for f(mding and ri8ing cost8. The trustee board also recognises Springboard's services can be capital intensive, with many charitable activities requiring the use of venues and in particuIar Springboard's Horsham prejnises. The building is over 100 years old 2nd was not purpose built. Repairs and general maintenance Tesults in an increase of operating costs each year. A surveyoes report also highlighted several major works that will need completing over the next 5 years. Therefore, Springboard plans to launch a major capital fundraising appeal in 24125 to carry out much needed renovation and repair worl whilst safeguarding the building for futt]re se￿iC¢S. The reseryes will and can only be built up from the unrestricted income. The level of reserves will be calculated and monitored every 3 months by the treasurer, with financial assistance if required, and will b¢ presented and discussed by the ttustee board. This poltcy will be reviewed yearly (review date within the policy) and when there are significant changes. STRUCTURE, GOVERNANCE AfiD MANAGEMENT Governing document Tbe organisation is a charitable company limited by guarantee, incoTporated on I September 1992 and registered as a charity on the same date. The company was established under a Memorandum of A88ociation which establisbed the objects and powers of the charitsble company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recruitment and appointment of new trustees The directors of the company are alqo charity trustees for tbe purposes of charllty law and under the compan￿8 Articles are known as members of the Board of Trustees. Under the requirements of the Memorandum and Articles of Association the members of the Board of Trustees are elected to serve for a period of three years after which they must be re-elected. All trustees gave their time voluntarily and received no benefits from the charity. Trustees meet every two months to review strategy and set implementation plans and budgets. Sub-groups may be called prior to meetings if needed and make recommendations to the Trnstee Boar(i The trustees hold an Annual General Meeting to which member4 their families, and profes8ionals are invited. Organisational Structure Our trustees come from a variety of professional and personal backgrounds relevant to the work of our ¢l)arity. The Trustees delegate the day-to4ay responsibilities for the provision of all operational activities, finances and fimdraising to the CEO. The CEO in turn is responsible for ensuring that the charity delivers its front-line services and ensures that our ain]s, objectkves and outcomes are met as key perforn]ance indicators. The Heads of Service have responsibility for the day-to-day oper2tional managcment of their localities, engagement with their local communities, individual supervision of their staff team. Ensuring staff and volunteers devclop their skills and working practices to provide the best possible exp¢ri¢nc¢s and opportunitics for all custorn¢rs. Page 8 Springb02rd Project Report of the Trustees for the Year Ended 31 March 2024 STRUCTURE, CrfIVERNANCE IIND MANAGEMENT Induction and tr8ining of new trustees New trustees are recruited based on the skills and expertise needed by the Charity. All trustees are given training on governance and the responsibilities of being a tn￿tee. An induction pack is given to all new trustees which includes: Obligations as a trustee and company director Attendance and participation in Board Meetings The Constitution Trustee Code of Conduct Trustee Guidelines The Business Plan The latest accounts of the Charxty Charity Commission publication- The Essential Trustee: What you need to know. In addition, ttuqtees are encouraged to update their knowledge with newsletters from Charity Commission and to attend courses designed to keep them abreast of their duties and responsibilities. Risk management The Board of Trustees is respon8ible for the management of the riqks faced by the Cl)arity. A risk register is in place which is reviewed by the Board. All areas of potential risk are fully discussed at trnqtee, meetings, with SySten￿ and procedures established to mitigate and manage those risks. SystenTrs, controls and procedures include strategic planning. budgetin& governance structure and lines of reporting, fornial written policies (regularly reviewed and added to). auth0ri8ation and approval levels. Forn]al agendas and minutes are taken to accompany supporting documents for trustee meetings and the Trustee Safeguarding Lead carries out a Safeguarding audit which fornis part of an annual review. Pay policy The ,salari¢s of the CEO, and any post where tbere may be a conllict of interest are set by the Chair and Treasurer with input from others as needed. Independent review of salaries and local salary levels are sought where appropriate. The pay of all qtaff is reviewed aJnually and any pay increase or up rise in increment is made where the organi8ation is able Éo afford to. A transparent salary banding document dictates which band staff are in. and the iticrements that can be attained. Staff n)ay be paid additional increments or bonuses for particular skills, qualifications, changes in legislation or Se￿ICe achievement with agreement from the Chair and Treasurer. Employeeg 2nd Volunteers An enthusiastic staff tean] and fantastic volunteers wideTpin the charity. At tbe end of March 2024, the charity employed six thll ttn]e staff, and five part time staff. The charity also employs 30 sessional staff who assist with the peaks and demands of charitable activities and service delivery. As of March 2024, there were 12 regular volunteers, who forn] a vital and much valued part of the cjwity, helping to ensure the effective delivery of services, maintain Springboard house and support at events. Reports from NCVO (Time Well Spent 2023) and Charities Aid Foundation (the UK Giving Report) show a 48% fall in the number of people raising money or taking part tn sponsored events from I l D/0 in 2016 to 6010 in 2023. a drop of 1.6million in those who have volunteered over the same period, and a 7 % dTOP in pcople organising or helping run an activity. Therefore, this year we have introduced a new part time Volunteer Coordinator role to recrutt and nurture tbe volunteers who PTovide their time across our services. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02744192 (England and Wales) Registered Chartty number 1014270 Page 9 Springboard Projeet Report of the Trustees for the Year Ended 31 March 2024 Registered office Springboard House 52 Hurst Road HoTsham West Sussex RH12 2EP Trustees A Vallon G Cockwill R J Church D Lethbridge J Carnie A Blick (appointed 24.1.24) S Pritchard (appointed 24.2.24) Independent Examiner P R Collin8 FCA ICAEW w￿en House Accountants Limited 4 The Coutyard Holmsted Fami Staplefield Road Haywards Heath RH17 5JF Report of the tsustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ....?. ...12..2Aé................. and signed on the board's behalf by.. - Truqtee Page 10 IDdepeThdent Examiner's Report to the Trustees of Springboard Project Independent examiner's report to the trustees of Sprlngboard Project ('the Company,) I report to the charity h￿stee8 on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibtlitles and basis of report As the charity's trustees of the Company (and also its directors for the puryoses of company law) you are responsible for the preparation of the accounts in accordance wlth the TequiremeDts of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not Tequired to be audited under Part 16 of the 2006 Act and are eligible for independent exa￿InatiOn, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 20 I l ('the 2011 A¢t'). In carrying out my examination I have followed the Directions given by the Charity Conimission under Section 145(5) (b) of the 2011 Act. Independent esaminer's statement Since your charity's gross income exceeded £250,000 your exan]iner must be a mernber of a listed body. I can confim) that I atn qualified to undertake the examination because l am a rnember of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confm that no matters have come to my attention in connection with tbe exan)ination giving me cause to believe: accounting records were not kept in respect of the Con)pany required by Section 386 of the 2006 Act., or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent exan]ination" or the accounts have not been prepared in accordance witb the methods and principles of the Statement of Recommended Practice for accounting ￿]d reporting by charitics (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)}. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. P R Collins FCA ICABW The Institute of Chartered Account&nts in England and Wales Warren House Accountants Limited 4 The Coutyard Holmsted Fann Staplefield Road Haywards Heath RH17 5JF Date: ..... Page 11 Springbovdrd Project Statement of Financial Activities (IDcorpor2ting an Income and Expenditure Account) for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total fimds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 105,611 250,708 356J19 310,601 Ch2rRtable activities Income on charitable activities 53,893 2,194 56,087 61,000 Other trading activities Investmellt income Other income 12,820 5,713 12,820 5,713 15,800 1,307 11.773 Total 178,037 252,902 430,939 400,481 EXPENDITURE ON Raising fimds 2,529 1,439 3,968 2,317 Charitable activitie5 Income on charAtable activities 126,748 221,678 348,426 350,969 Total 129,277 223,117 352J94 353,286 NET INCOME 48,760 29,785 78,545 47,195 RECONCILIATION OF FUNDS Total fimds bmught forward 441,133 113,717 554,850 507,655 TOTAL FUNDS CARRIED FORWARD 489,893 143,502 633 J95 554,850 The notes forn) part of tbese financial statements Page 12 Springboard Project Statement Of Financial Position 31 March 2024 31.3.24 Total funds 31.3.23 Total fimds Unrestricted fi￿d Restricted fimds Not¢s FIXED ASSETS Tangible assets 13 154,570 10,150 164,720 171,686 CURRENT ASSETS Debtors Cash at bank 14 799 342,282 22,926 110,425 23.725 452,707 41,336 348,337 343,081 133J51 476,432 389,673 CREDITORS Amounts falling due within one year 15 (7,757) (7,757) (6.509) NET CURRENT ASSETS 335J24 133,351 468,675 383,164 TOTAL ASSETS LESS CURRENT LIABILITIES 489,894 143,501 633J95 554,850 NET ASSETS 489,894 143,501 633J95 554,850 FUNDS Unrestricted funds Restricted fimds 16 489,894 143JOI 441,133 113,717 TOTAL FUNDS 633 J95 554,850 The cbaritable company is entitled to exernption from audit under SectlOD 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of Its flnancial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and O)) 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 requirements of Sections 394 and 395 and wbich othernise comply with the requirements of the Companies Act 2006 relating to fmancial statements, so far as applicable to the clwitable company. The fmancial statements were approved by the Board of Trustees and authorised for issue 9...1.&.....2. 4............ and were signed on its behalf by: on ie - TN8tee The notes forn] part of these f￿anCIal statements Page 13 Springboard Project Statement of Cash Flows for the Year Ended 31 March 2024 313.24 31.3.23 Notes Cash flows from operating activities Cash generated from operations 102,211 13,023 Net casb provided by operating activities 102,211 13,023 Cash flows from investing activities Purchase of tangible fixed a8sets Sale of tangible fixed assets Interest rece7ved (3,554) (11,958) 11,773 1.307 5,713 Net ¢a8h provided by investing activities 2,159 1,122 Change in cash and cash equivalents In the reporting period Cash and cash equivalent5 at the beginning of the reporting period 104,370 14,145 348J37 334,192 Cash and cash equivalents at the end of the reporting period 452,707 348,337 The notes forn] part of tbese financial statements Page 14 Springboard Project Notes to the Statement of Cash Flows for thÈ Year Ended 31 March 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATtNG ACTtvtTIES 31.3.24 31.3.23 Net income for the reporting period (as per the Statement of FiDancial Activities) AdjustTnents for: Depreciation charges Profit on disposal of fixed assets Interest received expendittre-reconciling items Decreas¢/(increase) in debtors Increase in creditors 78,545 47,195 10,521 16,015 (11,773) (1,30D 184 (37,291) (5.713) (i) 17,611 1.248 Net cash provided by operations 102,211 13,023 ANALYSIS OF CILINGES IN NET FUNDS At 1.4.23 Cash flow At 313.24 Net cash Ca8h at bank 348,337 104,370 452,707 348J37 104J70 452,707 Total 348J37 104J70 452,707 The notes forn] part of these finAncial staternents Page 15 Springboard Projeet Notes to the Financlal Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the fillanclal statements The fllwicial statements of the charitable compauy, which is a public benefit entity under FRS 102, have been prepared in accordance wtth the Charities SORP (FRS 102) 'Accounting and Reporting by Clwities". Statement of Recommended Practice applicable to clwities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of lTeland LTRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of treland, and tbe Cornpanies Act 2006. The financial statements have been prepared under the historical cost convention. The presentation currency is the Pound (£) Sterling. Income All income is recognised in the Statement of Financial Activities once the charity bas entitlement to the funds, it is probable that the income will be received 8t￿ the amount can be measured reliably. Expenditure Liabilities are recognised 28 expenditure as soon as there is a legal or constructive obligation committing the charity to that expendiiure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings 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 basis consistent with the use of resources. Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost of valuation, net of depreciation and any impairnlent losse.%. Depreciation is provided at tbe following rates in order to write off each asset over its useful life. Freehold buildings FixtUTes. fittings and equipment Motor Vehicles 2 % per annum on cost 10. 33% per annum on cost 250/0 per annum on cost Taxation The charity is exempt from corporation tax on its cbaritable activities. Fund accountlng Unrestricted fillth can be used in accordance with the charitable objectives at the discretion of the ttvstees. Restricted funds can 0￿Y be used for particu]ar restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular re8trActed pU￿oSe8. Furtber explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing eommitments Rentals paid under opeTating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Page 16 Springboard Projeet Notes to the Financial Statements - continued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES 31.3.24 Total funds 31.3.23 Total Unrestrtcted funds Restricted funds Donations Grants receivable 45,810 59,801 45,810 310,509 65,613 244,988 250,708 105,611 250,708 356J19 310,601 OTHER TRADING ACTIvrrIES 31.3.24 Total funds 31.3.23 Total fimds Unrestricted funds Restricted funds Room Hire 12,820 12,820 15,800 INVESTMENT INCOME 31J.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Interest 5,713 5,713 1,307 ]NCOME FROM CHARITABLE ACTIVITIES 31.3.24 Income on charitable activities 31.3.23 Total activities Activities Membership 50,794 5,293 53,193 7,807 56,087 61,000 Page 17 Springboard Project Notes to the Financial Statements - continued ror the Year Ended 31 March 2024 RAISING FtM)s Raising donatlons and legacies 31.3.24 Total funds 31.3.23 Total fimds Unrestricted Restricted fi]nds Travel Publicily 1,614 915 12 1,427 1,626 2J42 1,500 817 2,529 1,439 3,968 2,317 CHARITABLE ACTIVITIES COSTS Support costs (see note 8) Direct Costs Totals Income on charitable activities 341,547 6,879 348,426 SUPPORT COSTS Governance costs Income on charitable activities 6.879 Support costs, included in the above, are as follows: Governance Costs 31.3.24 31.3.23 Incorne on charitable activities Total activities Accountancy fees Legal fees 4,719 2,160 3,750 5,477 6,879 9,227 NET INCOMEI(EXPEIYDITURE) Net incomel(expenditure) is ststed after chargin￿(Crediting). 31.3.24 31.3.23 Depreciation - owned assets Sury)lus on disposal of fixed assets 10,520 16.199 (11,773) Page 18 Springboard Project Notes to the Financial Statements - Continued for the YeAr Ended 31 March 2024 io. TRUSTEESI REMUNERATION AND BENEFITS No member of tbe board of tn￿teeS receives any remuneration or benefits or reimbursement of expenses. Trustees, expenses There were no tnjstees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS ii. 2024 2023 Wages, Salaties and social security 214,008 224,113 The average monthly number of employees during the year was &8 follows: 2024 FTE 2023 FTF. 13 Direct cl]aritable activity No employee received emoluments above £60,000 during the year. 12. COMPAIiATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fimd Restricted Total ]NCOME AND EfqDOWMENTS FROM Donations and legacies 198,448 112,153 310,601 Charitable activities Income on charitable activities 57,549 3.451 61,000 Other trading activities Investment income Other income 15,800 1,307 11,773 15,800 1,307 11,773 Total 284,877 115,604 400,481 EXPENDrfuRE ON Raising fimds 2,288 29 2,317 Charitable activities Income on charitable activities 279,127 71,842 350,969 Total 281,415 71,871 353,286 NET INCOME 3,462 43,733 47,195 RECONCILIATION OF FUNDS Total fimds brougbt fonvard 437,671 69,984 507,655 TOTAL FUNDS CARRIED FORWARD 441,133 113,717 554,850 Page 19 Springboard Project Notes to the Financial Statements - continued for the Year Ended 31 Mareh 2024 13. TANGIBLE FIXED ASSETS Fixtures Motor vehicles Property fittings Totals COST At l April 2023 Additions Disposals 216,158 306,278 3,554 79,445 601,881 3,554 (22,995) (22,995) At 31 March 2024 216,158 309,832 56,450 582,440 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 66,287 2,882 284,463 7,638 79,445 430,195 10,520 (22,995) (22,995) At 31 March 2024 69,169 292,101 56,450 417,720 NET BOOK VALUE At 31 March 2024 146.989 17,731 164,720 At 31 March 2023 149,871 21,815 171,686 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trad¢ debtors Other debtOTS 22925 800 40,536 800 23,725 41,336 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Social security and other taxes Accrued expenses 520 3,008 4,229 3.(M)8 3,500 7,757 6,509 Page 20 Springboard Project Notes to the Financial Statements - continued for the Year Ended 31 March 2024 16. MOVEMENT IN FUNDS Net movement in fimds At 31.3.24 At 1.4.23 Unrestricted funds General fund 441,133 48,761 489,894 Restritted funds Capital works West Sugsex short breaks Crawley House Worthing 6-12 Stepping Stones 9,058 47,906 7,708 7,063 41,982 4,852 27,641 (1,454) 13,910 75,547 6,254 7,063 40,727 (1,255) 113,717 29,784 143,501 TOTAL Ft]NDS 554,850 78,545 633,395 Net niovement in fimds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fimd 178,037 (129,276) 48,761 Restricted funds Capital works West Su8sex short breaks Crawley House Stepping Stones 7,194 141.848 (2,342) (114,207) {1,454) (105,115) 4,852 27.641 (1,454) (1.255) 103,860 252,902 (223,118) 29,784 TOTAL FUNDS 430,939 (352J94) 78,545 Page 21 Springboard Project Notes to the Financial Statements- continued for the Year Ended 31 March 2024 16. MOVEMENT IN FtINDS . Continued Comparatives for movement in fund5 Net movement in fi]nds At 31.3.23 At 1.4.22 Unrestricted funds General fi￿d 437.671 3,462 441,133 Restrlcted funds Capilal works West Sussex short breaks Crawley House Worthing 6-12 Sustainability and development Stepping Stones 9,537 42,430 5,814 11,247 956 (479) 5,476 1,894 (4,184) (956) 41,982 9.058 47,906 7,708 7,063 41,982 69,984 43,733 113,717 TOTAL FUNDS 507,655 47,195 554.850 Compardtive net movement in funds, included in the above are as follows: Incoming resources Resources expended Movell￿nt in funds Unrestricted funds General fimd 284,877 (281,415) 3,462 Restricted funds Capital works West Sussex short breaks Crawley House Worthing 6-12 Sustainability and development Stepping Stones (479) (23,724) (2,906) (4,184) (956) (39,622) (479) 5,476 1,894 (4.1 %4) (956) 41,982 29,200 4,800 81,604 115,604 (71.871) 43,733 TOTAL FUNDS 400,481 (353286) 47.195 The capital Works fimd represents a designated fimd locked up in fixed assets which are needed for operational purposes. at their net book value as at the year end. The lift project represents amounts received/experLded on the conStr￿Ction of a lift at Springboard House. The Sutton and West Sussex short breaks represents the amounts received to support the charity to run specific progTammes for young disabled people. The Worthing 6-12 short bTeaks fimd represents the amounts received for respite care for children aged 6-12 years old with disabilities in the Worthing area. The Sustainability and Development fijnd represents the amounts received for organisation fundraising and the development of services. Page 22 Springboard Project Notes to the Financial Statements- continued for the Year Ended 31 March 2024 16. MOVEMENT IN FUNDS . Continued Crawley Centre fimd represents the amounty received/expended in order to provide a second facility from which to expand tbe availability of the projects work, whilst the Crawley Centre has closed the assets included within this reserve were transferred to the Hor8ham site. GeneTal Fund: Reserve - The general fimd repTesents the net assets of the Charity that are not restricted to specific PUTposes. 17. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2024. 18. ULTIMATE CONTROLLING PARTY For both the current period and the previous year, the charitsble company was under the control of the trustees. Page 23 Springboard Project Detsiled Statement of FiDancial Aetivities for the Year Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legaeies Donations Grants receivable 45,810 310,509 65,613 244,988 356J19 310,601 Otber trading aetivities Room Hire 12,820 15,800 Investment income Interest 5,713 1.307 Charltable activitles Activities Membership 50,794 5,293 53,193 7,807 56,087 61,000 Other income Gain on sale of tangible fixed assets 11,773 Totsl incoming resollrces 430,939 400,481 EXPENDITURE Raising donation5 and legaeies Travel Publicity 1,626 2,342 1,500 817 3,968 2.317 Chr4ritAble activities Salaries & National insurance Activity schemes Staff training and recnlitrnent Repairs, renewals and maintenance Utilities & Insurance Office costs Travel Depreciation 255,856 9,403 6,620 5,765 25,327 23,416 4,639 10,521 230,241 15,678 9,116 21.446 21,938 19,484 7,824 16,015 341J47 341,742 Support costs Covernance costs Accountancy fees Carried forward 4,719 4,719 3,750 3,750 This page does not form part of the statutory fll)ancial statements Page 24 Springboard Project Detailed Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 31.3.23 Governance costs Brought forniard Legal fees 4,719 2,160 3,750 5,477 6079 9,227 Total resources expended 352,394 353,286 Net income 78545 47,195 This page does not forn) part of the statutory financial statements Page 25