Company no. 2844191 Charity no. 1025787 Springboard Opportunity Group Report and Unaudited Financial Statements 31 August 2021 SPRINGB ABP OPPORTUNITY GROUP
Springboard Opportunity Group Contents For The Year Ended 31 Au ust 2021 Page Report of the Trustees Reference and Administrative Details Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Èlow Statement 10 Notes to the Financial Statements 11-16
Springboard Opportunity Trust Report of the Trustees For the ear ended 31 Au ust 2021 The trustees are pleased to present their annual trustee directors, report together with the financial statements of Springboard Opportunity Group (the "charity") for the year ending 31 August 2021. The report has been prepared to meet the requirements of a Directors, Report and Accounts for Companies Act purposes. Additionally, the financial statements comply with the Charities Act 2011, the Companies Act 2006, and Accounting and Reporting by Charities Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective as of 1 January 2019). Reference and administrative information set out on page 8 forms part of this report. INTRODUCTION TO THE CHARITY Springboard is a Registered Charity and Company Limited by Guarantee established under a Memorandum of Association which sets out its objects and powers. It is governed under the Articles of Association. It provides support, learning, care and play for children from birth to 5 years with additional needs and disabilities in North Somerset. It was set up in 1986 by a group of local parents. OUR PURPOSES AND ACTIVITIES Vision That every child from birth to 5 years in North Somerset has the care, education, support and opportunity they need to reach their full potential. Mission To give the best possible start in life to children under 5 with additional needs and disabilities by providing specialist early learning and interventions and offering support and friendship to their families across North Somerset. Values Inspiring We are innovative and open to ideas. We are bold and adventurous, determined to do our best for every child and family. Positive We celebrate achievements, no matter how small, in children and each other. We explore and learn together, striving to improve. Fun We are creative and inventive, making learning through play enjoyable and fun. Friendly We are caring, warm and welcoming. We create a safe and nurturing environment for both child and family. Our aim is to improve opportunities for children with additional needs from birth to 5 years, and their families, in North Somerset. Within this our specific aims are: Providing inclusive and positive play and learning experiences whilst building on children's individual strengths" Empowering families by giving support, information and guidance. Contributing to multi-agency partnership working and community involvement in North Somerset; Developing and evolving as an innovative organisation; Continuing to remove barriers.
Springboard Opportunity Group Report of the Trustees For the ear ended 31 Au ust 2021 continued ACHIEVEMENTS AND PERFORMANCE Activities to achieve our aims inGluded: The academic year 2020121 has been challenging, unique and different but a successful year. It would be fair to say that this past year has been the hardest year for education and early years settings in living memory and the staff have all risen to the challenges with a calmness and kindness that belies any anxieties they may have been feeling. All four of our settings were full to capacity at the end of the year with a waiting list at each for the following year. In addition, sixty-eight families were receiving Family Support in the community. We were able to offer a summer playscheme for two weeks at Ashcombe and Clevedon. Our Inclusion Service was closed between January and April 2021 due to covid restrictions to protect staff and children. Once this resumed there was an extensive waiting list for support. We invested in online accredited courses to ensure our staff participated in high quality CPD to meet statutory requirements during the challenge of covid restrictions. Some of our other significant training included 'Early Years Leadership Programme, for Senior Early Years Practitioners, 'Supervision' training for practitioners and support for children and families with EAL. We continued a project with our partners 'TALK Therapy, to improve our practitioners skills in supporting our children's communication in the playroom. Springboard continues to work closely with the Local Authority and inter-agency partners. Partnerships with local special schools are continuing to remain strong with regular meetings between senior leaders. At the end of a very challenging year for charities, Springboard fully utilised all government funding schemes to ensure future viability. A management review was undertaken following the retirement of one of the joint CEOS which allowed the charity to improve its organisational leadership, clarify the setting manager roles and responsibilities, review staffing costs, ensure financial stability and viability, and ensure opportunities for professional development and succession planning. A full-time, single CEO was appointed and the new management structure commenced in September 2021. Public Benefit The Trustee Directors and staff acknowledge the importance of working for the public benefit and achieve this in a number of ways. Our core activities focus on and are undertaken in the furtherance of our charitable purposes and for the public benefit. In determining the charitable objectives and planning the activities as set out in this report the Board has fully considered the Charity Commission's guidance on public benefit. The Charity relies on a mixture of grants and, to a lesser extent, on fees and charges to cover its operating costs. In setting the level of any fees and charges the Board gives careful consideration to the accessibility of the Charity's services. Over our financial year to 315t August 2021 COVID-19 IoGkdowns and other restrictions continued somewhat to disrupt our operations and lessened our ability to provide services for children, parents and carers. Due to reduced face to face hours with children, normal funding from Government authorities over the year decreased by £26,391 from £311,478 in 2019-20 to £285,087 in 2020~21 . Early Years Provider lockdowns were not as severe as in the previous year and so job retention scheme funding towards furloughed employees, salaries also reduced by £14,834 from £32,757 to £17,923. Largely due to social distancing rules, most normal face to face fundraising activities could not take place, and so donations by the public were down by £33,906 from £65,759 to £31,853. similarly trading activities income was down by £5,447 from £7,300 to £1,853; income from training services provided to third parties and sundry fees / subscriptions from parents and others fell by a similar amount.
Sprinqboard Opportunity Group Report of the Trustees For the ear ended 31 Au ust 2021 continued The foregoing reductions were reflected in management accounts losses and were worrying for a time. Ultimately they were more than counterbalanced by an increase of £152,930 in grants received from £53,134 to £206,064, in response to sustained applications from our dedicated staff. Everyone at Springboard is extremely grateful to grant givers for their significantly increased generosity over a period when it was sorely needed. They have enabled our charity to end the year in 2 State of good fin2nci21 he21th when the reverse could so easily have been the case. Deferred grant income of £69,031 (see Note 13) has been carried forward to fund activities in the current financial year to 31 August 2022. Due to the large increase in grant income, we were able to retain staff and fund an increase in expenditure of £65,805 compared with 2020 from £519,283 to £585,088. Despite the usual living wage increases and a management restructure, the payroll bill increase was held at 4 % (£20,146) thereby enabling the properties and office equipment to be maintained to an acceptable standard, with an additional £22,185 being applied towards direct costs of development and education. Overall, donors and staff achieved an operating surplus of £23,053 compared with last year's £22,185. After deducting non cash depreciation, we turned in an overall surplus of £4,460 (£3,574 in 2020). Our current assets have increased from £257,485 to £275,748, which very significantly exceeds current liabilities of only £31,671 (having deducted deferred income of £69,031). Seven of the last ten monthly management accounts to 31 st December 2021 have shown a surplus. The new Omicron scare gives cause for concern but if it proves to be manageable there is little reason to doubt that Springboard can for the foreseeable future continue to deliver the excellent services for which it is renowned, and perhaps in due course increase their SCODe. Our Non Government Grant Funders We are grateful to have received funding from the following organisations this year: James Tudor Foundation Tesco The National Lottery Community Fund Portishead Nautical Trust Garfield Weston Foundation Quartet Community Foundation Elizabeth & Prince Zaiger Trust Co~op Local Community Fund BBC Children in need Sobell Foundation Bally Thomas Charitable Fund The Lyn Foundation Sylvia Adams Charitable Trust Western Power Bristol Water Jules Thorne Henry Smith Charity Global's Make Some Noise Morrisons Foundation St James Place Foundation Percy Bilton Charity Avon & Somerset Police Community Trust ND Community Health Mental Health Grant CAF Resilience Fund Edward Gostling Foundation North Somerset Council C19 - Discretionary Funding Neighbourly Micro Grant
Springboard Opportunity Group Report of the Trustees For the ear ended 31 Au ust 2021 continued Investment Objectives and Risk The Trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in interest-bearing deposit accounts and seek to achieve an acceptable rate on deposit. The Trustees are mindful of the £85,000 FSCS limit on compensation for banking failure and have spread available funds accordingly across various institutions. Reserves Policy We take management of our resources very seriously- the Finance and Premises sub groups meets bi-monthly to review all areas of income and expenditure in detail and reports back to the full board. We have an extensive Financial Controls policy which includes our reserves policy: The Charity needs reserves in order to meet various possible contingencies including: delays in receiving funding from a variety of funders, for whatever reason, including Covid to act as a reserve in the case of changing levels of funding to cover the cost of winding up some or all of our services the need to make provision for possible staff redundancy the need to cover unanticipated future liabilities The Board has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the Charity should be at least 25 % of the annual budget, which equates to 3 months of the resources expended from general funds. At this level the Board feel that they would be able for a period to continue the current activities of the Company in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced or activities changed. If at any time the free reserves do not meet this target the Board will consider ways in which additional unrestricted funds can be raised. The Board will monitor and review the position of the reserves at least once a year. At 31 August 2021 the charity had free reserves/unrestricted funds of £165,869. The target of 3 months expenditure is budgeted to be around £151,000. The trustees believe that the free reserves held are reasonable. Goals for 2021-2023 Provide high quality early education for children with a wide range of SEND, investigating and implementing effective intervention strategies. 2. Respond in a timely manner to the changing needs of parents, carers and families. 3. Improve collaborative working with families, partners and the local community 4. Increase our income and involvement from a range of supporters whilst maintaining robust financial procedures. 5. Maintain a strong management framework and effective support for all staff Our Challenges and Risks 2021-23 Recovery from impact of COVID-19 on both service delivery and finances Raising the funds and finding a venue to expand provision to meet the needs of North Somerset children and families Structure, Governance and Management The Charity is a company limited by guarantee and not having a share capital. It operates under the terms of its Memorandum and Articles of Association. The overall direction and management of the Charity lies with the Board of Trustee Directors (the "Board"). The Board meets at least twice a year to set strategy, approve plans and review and monitor progress in achieving the targets set by the Board. The Board is ever mindful of the need to recruit appropriately experienced individuals to serve as trustees and to ensure continuity of appropriate specialist skills and services. New trustees are appointed for their relevant commercial or service deliverv knowledqe.
Sprinqboard Opportunity Group Report of the Trustees For the ear ended 31 Au ust 2021 continued New trustees are briefed by the current Chair of Trustees and the Chief Executive Officer on:_ their legal obligations under charity and company law, the Charity Commission's guidance and company law, the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity, and any other relevant information. They also undertake tours of the charity when they meet staff and are introduced to the work of each aspect of the charitable work. Staff salaries are reviewed annually and benchmarked against charities of a similar size and structure. Risk Manaqement The Charity maintains a risk register as part of its risk management processes. The register is accessible to all managers who can add new incidents and risks of any nature (e.g. governance & management; child protection issues; operational. financial. external & environmental and compliance) as soon as they are identified or occur. Risk management policies set out how each risk or incident is scored relative to the likelihood of occurrence. recurrence and estimated impact. The register is regularly reviewed by the relevant sub group meetings who report to the Board at least annually. Trustees, responsibilities in relation to the financial statements The charity trustees (who are also the directors of Springboard Opportunity Group for the purposes of company law) are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing the financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure to our auditors In so far as the trustees are aware at the time of approving our trustees, annual report: there is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the independent examiner is unaware, and as the trustees of the charity we have taken all steps that ought to have been taken in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information. Approved by the Trustees on: 20. 3 . ZQ2Z and signed on their behalf by
Springboard Opportunity Group Reference and administrative details For the ear ended 31 Au ust 2021 Company number 2844191 Charity number 1025787 Registered office and operational address 2a Princes Road Clevedon North Somerset BS217SZ Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Elizabeth Manning - Chair Peter O'Duffy - Treasurer Diane Scarborough Linda Shaw- resigned 19107121 Hayley Lewis Don Mccallum - resigned 30103121 Louise Petersen - resigned 24111120 Jenie Eastman - appointed 19107121 Chris Roberts - appointed 13109121 Anthony Keyworth - appointed 16111121 The Trustees of the charity are directors of the company for the purposes of the Charities Act 2013. Executive officers at 31 August 2021 Ruth Glover and Liz Smith Principal bankers CAF Bank Ltd Independent Examiners Burnside Chartered Accountants 61 Queen Square Bristol BS14JZ
Springboard Opportunity Group To the members of rin board O ortunit Grou I report to the charity trustees on my examination of the accounts of Springboard Opportunity Group for the year ended 31 August 2021 As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent Examiner's Statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the company as 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 examination. 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 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. Name: .. Relevant professional body: Mark Pooley, FCA Institute of Chartered Accountants in England & Wales Address: Burnside Chartered Accountants 61 Queens Square Bristol BS14JZ Date:
Springboard Opportunity Group Statement of financial activities (incorporating an income and expenditure account) For the ear ended 31 Au ust 2021 2021 Total 2020 Total Restricted Unrestricted Note Income from: Donations, grants and legacies Charitable activities Other trading activities Other income Investments 171,997 83,213 332,349 1,853 255,210 332,349 1,853 151,650 363,322 7,300 136 136 585 Total income 171,997 417,551 589,548 522,857 Expenditure on: Raising funds Charitable activities 942 394,017 942 584,146 403 518,880 190,128 Total expenditure 190,128 394,960 585,088 519,283 Net income l (expenditure) (18,131) 22,591 4,460 3,574 Transfers between funds Net movement in funds (18,131) 22,591 4,460 3,574 Reconciliation of funds: Total funds brought forward 232,049 143,278 375,327 371,753 Total funds carried fonmard 213,918 165,869 379,787 375,327 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Detailed movements in funds are disclosed in Note 16 to the accounts.
Springboard Opportunity Group Balance sheet Asat31Au ust 2021 2021 2020 Note Fixed assets Tangible assets 10 204,741 223,334 Current assets Debtors Cash at bank and in hand 11 6,854 268,894 4,519 252,966 275,748 257,485 Liabilities Creditors: amounts falling due within 1 year 12 (100,702) (105,492) Net current assets 175,047 151,993 Net assets 15 379,788 375,327 The funds of the charity: Restricted funds Fixed asset reserves fund Unrestricted funds 16 9,177 204,741 165,869 8,715 223,334 143,278 Total charity funds 37 ,788 ,327 The Trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act. The Trustees acknowledge their responsibilities for: ensuring that the company keeps adequate accounting records which comply with section 386 of the Act, and (i) (li) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its surplus or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company. These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Approved by the Trustees on: and signed on their behalf by Beth Manning - Chair Company No.2844191
Springboard Opportunity Group Cash flow statement For the ear ended 31 Au ust 2021 2021 2020 Reconciliation of net incomel ex enditure to net cash flow from o eratin activities Net incomel(expenditure) for the reporting period (as per the statement of financial activities) 4,460 3,574 Adjustments for.. Depreciation charges (I ncrease)/decrease in debtors Increase/(decrease in creditors) 18,593 (2,336) (4,791) 18,611 3,439 48,870 15,927 74,4 Cash used in operating activities 15,927 74,494 Tax Paid Cash flows from investing activities.. Proceeds from the sale of fixed assets Increase/(decrease) in cash and cash equivalents 15,927 74,494 Cash and cash equivalents at beginning of year 252,966 178,472 Cash and cash equivalents at end of year 26 94
Sprinqboard Opportunity Group Notes to the financial statements For the ear ended 31 Au ust 2021 Accountinq policies a) Accountinq convention The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Springboard Opportunity Group meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). b) Preparation of the accounts on a qoinq concern basis The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material known uncertainties about the charity's ability to continue as a going concern. c) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliablv. Income from grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made; or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have been met, then the legacy is treated as a contingent asset and disclosed if material. d) Donated services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receiDt. e) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
Springboard Opportunity Group Notes to the financial statements For the ear ended 31 Au ust 2021 5. Other trading activities 2021 Total 2020 Total Restricted Unrestricted Fundraising events and activities 1,854 1,854 7,300 Total income from other trading activities 1,854 1,854 7,300 6. Total expenditure Developt. Support & governance costs Raising funds education services 2021 Total 2020 Total Direct fundraising costs 942 942 403 Charitable activities Staff costs (note 8) Direct costs of development and education Propety costs Office costs Corporation tax Accountancy and book-keeping Depreciation 479,309 479,309 459,163 31,150 37,689 15,497 31,150 37,689 15,497 8,965 19,578 10,800 1,g07 1,907 18,593 1,763 18,611 18,593 582,239 1,907 584,146 518,880 Allocation of support costs 1,907 1,907) Total expenditure 942 584,146 585,088 519,283 2021 Total 2020 Total Restricted Unrestricted Direct fundraising costs Staff costs (note 8) Direct costs of development and education Property costs Office costs Corporation tax Accountancy and book-keeping Depreciation 942 344,792 g42 479,309 403 459,163 See SOFA 134,517 37,018 (5,868) ) 37,689 ) 15,497 31,150 37,689 15,497 8,965 19,578 10,800 1,475 1,475 18,593 1,763 18,611 18,593 190,128 394,528 584,656 519,283
Springboard Opportunity Group Notes to the financial statements For the ear ended 31 Au ust 2021 7. Net movement in funds This is stated after charging: 2021 2020 Depreciation Independent Examiners, remuneration: Independent examination 18,593 18,611 1,475 1,763 8. Staff costs and numbers Staff costs were as follows: 2021 2020 Salaries and wages Social security costs Auto-enrolment pension costs Recruitment costs DBS checks Staff expenses and travel Staff training 442,717 18,254 6,479 187 1,069 7,393 3,211 426,254 16,305 6,447 194 1,086 7,213 1,664 479,309 459,163 No employee received emoluments over £60,000 during the year (2020: Nil). No remuneration was paid to the Trustees. Trustees, expenses reimbursed amounted to £Nil (2020 - £Nil). The key management personnel of the charity comprise the Chief Executive Officer and the five managers. The total employee benefits of the key management personnel of the charity were £147,255 (2020 - £116,948). 2021 No. 2020 No. Average head count 39 39 9. Taxation 2021 2020 Corporation tax
Sprinqboard Opportunity Group Notes to the financial statements For the ear ended 31 Au ust 2021 10. Tangible fixed assets Leasehold buildings Fixtures & fittings Total Cost or valuation At 1 September 2020 Additions Disposals 335,000 44,620 379,620 At 31 August 2021 335,000 44,620 379,620 Depreciation At 1 September 2020 Charge for the year Disposals 111,666 18,593 44,620 156,286 18,593 At 31 August 2021 130,259 44,620 174,879 Net book value At 31 August 2021 204,741 204,741 At 31 August 2020 223,334 223,334 11. Debtors 2021 2020 Trade debtors Prepayments 1,590 5,264 217 4,302 6,854 4,519 12. Creditors . amounts due within 1 year 2021 2020 Trade creditors Other taxation and social security Accruals & deferred income 344 7,665 92,693 2,086 7,246 96,160 100,702 105,492
Sprinqboard Opportunity Group Notes to the financial statements For the ear ended 31 Au ust 2021 13. Deferred income 2021 2020 Deferred income comprises grants received in advance. Opening unexpended balance as at 1 September 2020 (2019) Grant amounts received Amounts released to expend on charitable activities Net Amount deferred in year 73,427 241,003 (245,399) 29,192 (29,192) 73,427 Balance as at 31 August 2021 (2020 69,031 73,427 14. Operating leases 2021 2020 The total future minimum lease payments under non-cancellable operating leases are as follows: Not later than one year Later than one year and not later than five years Later than five years 2,641 11,993 14,121 2,190 8,760 15,330 28,755 26,280 15. Analysis of net assets between funds Restricted Unrestricted funds funds Total funds Tangible fixed assets Cash at bank and in hand Other net current assets/(liabilities) 204,741 9,177 204,741 268,894 (93,848 259,717 (93,848 Net assets at 31 August 2021 213,918 165,869 379,788
Sprinqboard Opportunlty Group Notes to the financial statements For the ear ended 31 Au ust 2021 16 Movements in funds Transfers between funds Balance At31 At 31 August August 2021 2021 Balance At1 September 2020 Income Expenditure Restrlcted grant funds: Quartet Foundation Coronavirus Recovery & Stabilisation Programme Quartet Foundation Coronavirus Response Fund BBC Children in Need Co-op Local Community Fund Sobell Foundation Global's Make Some Noise The National Lottery Community Fund Henry Smith Charity Morrisons Foundation St James Place Foundation Percy Bilton Charity Avon & Somerset Police Community Trust ND Community Mental Health Grant Tesco Bags of Help CAF Resilience Fund Portishead NautlGal Trust Edward Gostling Foundation 10,000 3,000 5,047 5,580 10,000 47,404 3,802 41,667 5,000 2,500 500 1,000 5,667 1,000 23,330 1,500 5,000 (10,000) (3,000) (10,965) (3,951) (10,000) (42,653) (3,802) (41,667) (5,000) {2,500) (500) (1,000) (5,667) (1,000) (23,330) (1,500) (5,000) 5,918 2,797 4,426 4,751 Totals 8,715 171,997 171,535 9,177 Fixed asset restricted fund: Weston Building less depreciation Clevedon Building less depreciation 56,668 166,666 (4,718) 13,875 51,950 152,791 Totals 223,334 18,593 204,741 Unrestricted Funds General Fund 143,278 143,278 417,551 417,551 394,960 394,960 165,869 165,869 Total funds 375,327 589,548 585,088 379,787 Purposes of restricted funds Quartet Community Foundation - towards staffing costs Quartet Community Foundation - C19 response funding including remote family support and contribution to increased costs BBC Children in Need - holiday playschemes Co-op Local Community Fund - minibus trips and healthy snacks Sobell Foundation - towards running costs of Springboard South Weston Global's Make Some Noise - towards speech therapy, staff training and senior practitioner salary The National Lottery Community Fund - towards bank staff salaries Henry Smith Charity - towards running costs with specific exceptions Morrisons Foundation - towards Clevedon playroom flooring st James Place Foundation - towards Clevedon playroom flooring Percy Bilton Charity - towards Clevedon playroom flooring Avon & Somerset Police Community Trust - towards adaptations for Covid 19 ND Community Mental Health Grant- enhanced family support Tesco Bags of Help - improvements to the Weston garden CAF Resilience Fund - towards salaries of senior practitioners Portishead Nautical Trust - towards funding "SPARCS" (Supporting Parents Around Routines and Communications Skills) course for parents Edward Gostling Foundation - towards bank staff salaries 17. Related party transactions The trustees of the charity are not aware of any related party transactions in the reporting period.