Company M. 2844191 Charity no. 1025787 Springboard Opportunity Group Trustees. Report and Financial Statements 31 August 2023 SPRINGBG.IABP OPPORTUNITY GROUP _= llllllllllNII •AD21QP76'
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COMPANIES HCMJSE
Sprlngboard Opportunlty Group Contents F r Th• Y•ar End•d 31 Au ust 2023 Pag• Report ¢lth• Trnslees Refw•nc• and AdministAtiv• tailS Independent Examin•trs Report Stat•mènt of Financial Act•vilies Balance Sheet Cash Flow Slat•m•nt 1Q Not•s to th• Flnanclal Stat•m•nts 11-18
Springboard Opportunity Group Report of the Trustees For the ear énded 31 Au ust tr23 It4TRODucnoN TO THE CHARiff SpringtM)ard is a RegislerJ Chanty and Company Limited by Guarantee éstablished under a Mamorondum which sèts out it5 objecis and powers. Ils goveming rules are contained in Articles of Association. h provides support, leamin9. care and play lor children fr birth lo 5 years Ntho have a&4itional needs and droablIItis. Its operational aiea 1$ North Somerset. 11 was set up in 1986 by a group of local parents. Additi)nally, th? financial statements ¢ompty Kryth the chan1$ kt 2011. the Companies Act 2c. and Attounting and Reporting by Charities S&ement of Recommended Practice ISORPI applicable to charitie5 prepanng their accounts in 8CcOrdan with the Financial Rewrtsng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effecttve a5 of 1 jUary 20191. Reference and administrative InforntiOn as set out on page 6 fomis part ol this report. OUR PURPOSES AND ACTivmES Vion That every child frfxn ts.nh to 5 years in North scrfrSet has the ca. edUCan. support and ¢)pportunty the opportunity to feach th&r lull potent. Is$ion To give the best possib stsrt in life to thildren under 5 with addib'onal needs and disabilrties by pro1n9 $pe¢ialist earty leaming and interventtons and offering support and friendship lo their famils across somer1. Values Inwnng We innovative and open to Kleas. W• arn bold and aventurous. dmiined to do our best for every child and famity. Posiiwe We celebrate achievements. no matter huw small. by thiklren and eath other. We eWor8 and leafn together, sthving lo imw)ve. Fun We are creative and invenlwe, making leaming through play enpyle and fun. FJryeTrYIy We are caring. warm and wekorrmng. We ¢reale a safe and nurturing environment for both ehild and family. Our aim is to improve opportunities for thiklren adthional needs from birth to 5 year5, and for their families. in Nrjrth Somerset. A¢H1EVEMEPs AND PERFORIAANCE Activities to xhieve our aims included: Folb)wing the 2 previous yeats there COVID had major impacts on serM¢e delNery, SOG settings werÈ futly open and aclNe in the years 22r23. Finances conts.nue to be ¢losety monitored by both senior ka(1ers and Iruslees ensuring that the oTganisation remained in as strong a po$rtn as p)5sible foi the forthcoming year.
Sprfngknmrd Opptytunmy Group Roport of the Trustees (contlnued) For Iho ••r Wqd 31 Ust 2023 Provlde hlgn quaIty•arfy•atnl0 rarvJè rfSEND. Ir•"ng and Imp51nY •ffecti Int•rveniion •fes. QuiSouif VVesloD base ¥Jt Ihe kalby LMr¥J Cerrtre w Rryecbj bycthd thij araThI l am p8Md te report that tra staff leam ¢apabty Mats1 ttv"r Chjtstsnding gr. th• èxeÈptioTral supptht that our services offer 1¢ ¢hildien and Iheir famikps n an ale8 of hKJh deprNatsn chihyren faL atsjitional chalws and vulnerlI1e8. usé ol thg springboa C(ryetew Framtsty ènd peer 5UPPOrt ¥fftJrk Ihe plaonS hes contsnue¢J to slrenglhen staff experti8e using SCEFITS ISOCMI C4>rrrfnvrMtatiw Emtsonal ReguPdtion Tran5xMnal Support). Spee¢ attd LaNJuage Therapy ISLTI n¢w attend SwingWrrJ staff pe¥ tern enabk.ng staff lo raisè Y quer&s and advKe on how besi to 5UPPOrt irbymlual thiklren. AnatysK8 of chthlrem'5 wtyress for thrd r, sho¥vs that69% olthibJren across all Springboard ba$ made at teasl one step ol&¥tyre$5 In Crrnunration & LaThJuage 15 ffify-four chrfdren. Cth7¥Jared 1h 185t yeaf Ib is 8n In¢rease ol Ferceni and ewates to Me 3ddwal (IY This Is OVeT Ihe 51% thatroukl descrts'mo8t thildren. bul mar9aNY $$ than our irrforni largelof 70% Four Cnid fft8(fe step5 c progress the course ofthtr hear hith Is fwe petnt. Carnpared lasl year. thi% 15 a deu¥5e pefceni wh¥th equates chihj The sènior leJershp te4m ha SFenl this sear uJfrards to mentors and othw sp8c4alist OVOr$ to ensvre thai our skill5 aTrJ kTh0e are kept wjated arwj ¢)rr¢rt T15 has enaY&I batsr5 to continue to evaluats our ba5e5 10 ensure the testpxsib thrtcome5 fOrtbren. Goal 2 R¢spond In a ts.mety mannerto Ilw ch•nying r•ds of parorts. aThJ famili0& Parental 5uryeys, case studios al'FamIlY f0FMa{in to Infomi ouf fDrllte luture. Fer example. Foll(pwing Ihe increase in nunrs ofthildrRn waitin9 for SpnTrJWrd Sess$. Iho op•nu19 of oui new base 81 Va Pnmary S¢h¢ol n No¥erter has en•bknJ additional occess 5UFWt wrth 13 thre accwn9 12 hwrs ofearly yea15 education rerweek. ¢JibThialgrafit frDm SoffletsNeahth tsamw88 seDfftd toknd Flfttheme foutywing thè end oleur'childw wi Need. gfani A mid-yeAr pareAt¥l Survey N) FebnJary be lo oe¢k) pwents rnc Regular coffee mumigs and Slay & PI¥y 8e$5th$ infornTrAthen Ihele i% for p[81 w?rkshLV# i.e. Sl•lfvJ Pdnts. Hw appty forcisabthty r OLAi. lJlo¥ty Goal 3 Impro¥• ¢ollabor•ll¥eTNorttinywith f¥nili•s. p•lnets and Ihe loul eoftfftunlty. Senr leader5 ha¥• conb'nuthj to vrith setkng5 Sd15 35 part ofth¢ c EApBrts mlor$ programm• to Improve pr¢)vision lor thikjren wder 5 in mainslream setbry. Trls hasty4WtabrfdDXer I"atson bthhen our m8n8gets and the North Scffièrspl EY Team A cottaOn stall. parthers selty Wb) ThwJ¥ecwsW bj in mainstream 5ettwqs. our InckJsb?n Seryi(8. bKJhl%JhteO that Ihere re s¥JnffrantdfftuS armj tharVJes Ihs The resutt offfluch JL8vJssion and 8valuation was thè aSU ol the Iru$ from the ethj of U)e.IcèJernK year 19 31$1 Augusi 2023. has since b8•n for Indi¥AduaJ chifdren. ourW wlh North Somersel Eaty Years and SEN tewns Our Day$ i5 $tepp•cl back Ircrfn Senco and w85 rEFAaced by Senv PraLtbjrts. sharw)g the iirfe frtyn SeFdember. Goal 4 Incr•ase our Incor and In1¥eMefvOffl a rtngE of thltst malntaninu mtwJstfinanclal proc•dures. Fundiaising ctrmmunty partrw5 ha5 r&$tarted loitrn9 the Cth19 pandernK. T¥w ¢yday-a-&k Grant Man4 pjsts have ueated has enabknl eln¢J Springboard staff Thrnbers fwspecffjKgTanl applic4bon actwity. Regularmonrtaifftg ar ¢fovr monthly btyl has kept our Ir and expendth>re on target. Thi4 has mÈant that de8piie Ihe larger than e¥w¢ed 5a meases ffi 2023. ts annual 22.23 buthaethas been ¢15 41rtaln a strong rnawofft Iramowork and offqdive support fvrall $t4ff. Staff suNey resuNs in November h¥hhJhted the rd for communtstJn opJani5athJn StaftlwMetin6 are nowteiig sh8red monthty. kning support 15 hbjhhjhted as 35 a Ixus on each setty TheAxt of BrIlian has wthed ilh Staff tyrthe year lo gNe dhjaI easy strategEs to mathtsHI a more posth outtct*. artd wpporttheir o
Sprlngboard Opportvnity Gr¢)up Report of the Trustees (continued) For th• ear ended 31 t 2023 contlnued Our Ablllty to Provide Publ1¢ B•n•fft The Truslee-Directors and staff ackntrl the inportance ofYJrking for the publ¢ benefit and achieve this in a number of ways. Our core acts.ves focus on and are undertaken in the fvrtherance of our charitable purposes and for the wblic befft. In detem7ining the charitalje obJectNes and planning the actmbes as set out in this report the Board has fulty Considered the Charty commissi.$ guanCe on public benefit. The Charity relies on a mulure of local government fvnding, grants and donations and, to a lesser extent, on fees and charges to cover ils operab.ng costs. In setting the levd o." any fees and charges the Board gNe$ careful ¢onsKleratsM to the accessibility of the Charivs SeryeS. Statutory fvndirw from Government aulhoriiiesover the year Frtwsed marginalty by £4,909 from £354,022 to £358,931 over the year. Despite Continuing Sustai applKationg issuéd by our dethcated staff. this year grants income ueed by £19,276 Clynpared wth 2022 trom £175,767 10 £156.491. Post COVKI. nomal fundraising actwittes resumed, and so donatk)ns from the publ up by £51.730 from £42.559 10 £94,289, an increase of more than 100% Income from training serVe$ provided to third parties plus sundry fees I subscription from ents and oihers rose by £39.857 from £82.288 tt> £122,145. Finally. ev8nts and acts"viti8S tncome was up by £16.749 from £11.004 10 £27,753. Springboard could not conb.nue to provide the hwdh Ve1 of services it does thout generous grants, donations and other income whh is es5entFal to suppknent Govemment funding. Deferred income of £120.157 (see Note 131 ha5 toen car.d forward to fun0 actplittes in the cuffent financial year to 31 August 2024. An overall incr&3se in funding by staknlory bod and others, and some Specif grantsldonab'ons. enabled us to add a new setb.ng at Mead Vale in order to signrftsnty increase our provision of seNices to ¢hiklren with auts"sm'. also lo relain and recNtt qualthed staff organisation-wide". and gerr31 lo fund our increasitvj expenses and overheads. Largety pursuant to a 9.7%12022 6.6%) living wage increase, stsff costs grew by £69.397112.WAI from £539,127 to £608.524. Fuelled by severe inllalionary pressures. other expenditures. excluding property deption of £20,488, increased by £24.492131.6%1 from £77.395 to £101.887. Tola expenditure including deprecialion grew by £109,255117.6%1 from £621.644 to £730,899. Overall. hjnders and stsff achEved an oper"ng surplus of £51.769. After deducting non<ash a$$el-depre¢ots"on of £20,488, this year we tumed in an overall surplus of £31,281 1£49.454 in 2022 after adijing a gain of £5.259 on revaluation of fixed assets). Our current assets have increased from £329.909 10 £445.090, whtch very signrfici.nlty excAeds current Ik4bilths of onty £48,801 Ihaving deducted deferred income forymrd of £120.1571. Over the year a large inciease in the living wage, and high inflatron, increased ¢osls. Anbcipaied reducl]"ons in suppm ftom lttal goveinment, continuing InflatKJnary pressures. global uneertainty, scarcities caused by the wars in Ukraine and Gaza, and possibly other factors. may continue to make goc*a margins difficult lo a¢hieve over the year lo 31 Augu512024 and beyond. However. provK1ed generous support from our existing bAckers continues. and new fijnders come on board, in the opinion of our TaSurer is likety that Springboard can for the foreseeable fvture conb.nue to delNer the exceNenl serVeS for whKh it is renowned, and pethaps in due course lurther increase its 5eryiGe provision scope.
Swingboard OppOrtY Grnup Report of the Trustees Icontinued) Forth• ar•nd•d 31 u¥t 2023 eontin Ouv NoThGow•mm•ntFundert We #re grateful to hve wived nwi4thwfvrbJiNJfrom olgar58th)n$ thB Roundabw¢ Nurnery QuarEet Community Foundation BBC Chfjdion in Need Garfield Weston Foundation 5obell Foundation Glob61's Make some NOIS¢ IGM5NI Ilenry Smith Charity 88rtsra Ward Children's Foundat BailyThorna5 Charitable Fund TheJ?rnesTudor Fountlatitin Portishead Nautical TNst Th• SirJul•s Thom CharrtaN• Tntst The Medlock charitab Trust North Somerset Corrrfnunty He4 bCaff N¢yth Somerset HEath and Wel1r Strategy Hays TrnN¢ Sw8ty ofvthartVeAtpe 80sh Hinion FouTh"on Buryes Saknffi Trust Skipkn 8uibJir9 So Our Donorn and S4wrt•rn INe are also grateful to our ¥1 wt"oJI¥ll$j¢¥r Nur5erytho+Jonated £20.IM). knv•sbnent QbJ•¢tl¥u Rlsk The TNs8, hwrrtJ regard to the r•q4MIBnts ol cyÈr8Wg Vdwty. kept311•btè Ill$ in intereSttar7 depowt amnts aTrJ 5¢ek to athEve a•i)le rate5 ¢Jep05rt5. Thp Trustees are rnindlul of the £85,(KQ FSCS on ccrfnw)saiion for bankir¥J frdilurfr, and have •¥aiW8lunds aordir91Y a¢rS variws ins•hrtwy)s. R•s•v Policy Wè take managomertgl ow r950urce5 setiLx- Finant and ResOLtS suWo4) meets 6 'Me$ a yearto rev in dttsil irKLme •XFeThlitLe. assets and a"1. and rep5 back tothe frjll eoard. Wo have an eytensNe Ffftan Contrc45 pOlh irtcthl&s tyjr reservos ty. Our Charity needs TerVeS in order to meet Vario p05yb IndlIng." dÈLqys in 1¥1j fuTrang from a varth of lufvYe¥s, forTr•halmi rna5r k act as 3 rsèrv• ifv case dl l(YAwng Lls olfundw to co¥erthe u)Bt oFwndiTrJ up sryne or all of ouiseM¢es to maka pr4)Yts10n forpossib staff l)ar to cover UntiCIpa fvture h"ats"hbes Board bas 8Statslshd a unrgStrthdfuTh1$ comrrmtted or in¥sd in langible fixed assets (the free reser¥esl bythe Chanty be at knt 25% oftrrt annuat budget, equates to 3 months ol ts iesguros ex[eI gerrnl thjnds At ¥81 tl Board feel Ihal abkn to conts"nuethe ¢urrent actiwbes of Ihe C¢ffiwy in the event of svJnifrant drw lunding. necs5ary io cohs.lw htrwthe be repla0 w acbwlS tharw. If at any bme lh¢ free ¢eeThw do not meet Ihi4 lary•tthè Board ¢onsiderway$ addfvonal fvnds can be rotsed. The Boardv&ill rnonit( reviewlhe position 01th8 fwer¥8s at bast{ a I£. At 31 Atsgusl 2023 the charity had fre¢ rnsèrbwnre$trMed furth of£276.132. Tre 2022. lar9¢1 rf3 monlhs gerral expendthie was ldgeted 8¢ £f74.28B. The Intste•s bat thAttht5 off? reseNes is reasonatle and may te truty needed overts euning y•ars. Strateglc Pknn A rw Strate9ic is in platelorthe 2023to 2026 Brthe PwOr4s of. 1. Cthiklren 2 Famil 3. workfCe 4. I)rganisa sust•oabthty
8prfnAbollrd QPpNtyG#P R•port of th• Tru8t••s (¢ontinued) F•rth• ar•nd 31 tU2J (ItrChAirwy•s 202>24 Chanty isa 2offlp8nyliMdEdbqL4yare struthre. 5WKy1e3¢tsleeJrIrtyerts¥ nsks¢l•Th natrr¢ieg. rn¥Jewt The charitytrUSes 3reakn[etyS of79]K[d mtheigemenls4r statewthetherylie4th UK accL¥JrtThJ 51aTrtsnlsrthtw In 80f•ra$ the bStee53r¢ aWE attytittWfI3FFYMq wbwl&s'•Yrv.t Examlnerhast Maje t¥e ofbhat weTre& i G Kol •d sgiedon i£ J•ni• EawiaTh.Chabr
Springboard Opportunlty Group Reference and administrative detsils For the oar ended 31 Au us¢ 2023 Company number 2844191 Charlty number 1025787 Reglstered offi¢e and principal operational addf•SS 2a PM¢es Road cveort North Somefset BS21 7SZ Tfu8tee8 Trustees. are also direetors under eompany law. who served during the year arKI up lo the date of this report were as follows." Elizabeth Manning- Chair- 28th IAarch 2023 Jente Eastman - Chair Peter O'Dulfy- Treasurer Diane SCaTtroUgh Chris Roberts Anthony Kewrth Simon Vin¢ent - appointed on 23rd January 2023 Dan*lle Vincent - apFontsd on 23rd January 2023 The Trustees of chartj. are also directors of the company for the purp of the CoMpanS Act 20C6. Exècutive offic•rn at 31 August 2023 "Ruth Gk)wr Principal bankers CAF Bank Ltd Ind•p•nd•nt Examin Slephen 8um$ide FCA Burnside Chartered Accounlarts 61 Queen Square Bri5t BS14JZ
EXAMINER'S REPORT roth• m•rnb•rn al As ts chwity'¥ oftha CtJTQWy lar4J •tso ffs d¥ec4ty5 of CLryWY Iw) are wcffislble of In8 Havng sab5f mysd tr¢ Mxnts of the Ctynpany a 1 rwired 10 t¢ aLthd urts Part 16 2tsJe AGt and are elvitAe lor Irktependenl exanMnatKn, I report in iespe¢J of ffly examv)aliM xcoun •$ urrflEr secthrn 145 of the Charili85 Acl 2011 I'the 2011 kl?. In ca¢r)Y4 lxrt rny etsminal I foytyo by ts Chty under 145(S1 Ittl of 2011 Ad. sin woss cOM èxeeded £250.CIJ) yow te a mErnb¥ of • bc itsied in 145 of thè 2011 Act. I confirn Ihat l amquThled lo rLIke l am amofflber ofU Inslihle ofctr1d kctythilants England and V¥e5. ¢kne th•t'. ItuE and makn c4rtSRtered •$ part olin wthFwth¢xaf(l•W.' d ieporbng {•FWicabN to ¢hribaS ryewH¥J In li ffftarKi•l Slandard ¥Fgkat4È*)thD UK aTrJ Repthjlk rl IrelaNI IFRS 1021) N•ffl•: gi•ph•n Burn•lde FCA 27m312024
Sprlnaboard Opportunlty Gn>up ststement of Financial Activities (inCoOratIng an income and expenditure account) For the 31Au ust 2023 2023 Total 2022 Total Unr¢styi¢ted Income from: Grants, donations. fundraising and legacies Charitable actiVitS Tfading a¢tivi1*s Investments 166,491 84.289 481.076 27,753 2.570 250.780 481,076 27.753 2.570 218,325 436,310 11.004 199 Tol41 Income 1&%,491 595,687 762 180 665,839 Exp•ndlture on: Raising funds Charitable activfvs 9,163 533,357 9.163 721,736 854 620,789 188.379 Totsl ¢xp•ndityr• 188.379 542.520 730,899 621.644 Net Income l {expeTrdrturel Transfers beiween lunds other recognis•d galnslllossesl: GainWllossesl on ValUat)n of fixed assets (21.888) 53.167 31.281 44,195 5,259 Net movement In funds 121.8881 53.167 31.281 49,454 Roconciliation of funds.. Total funds brought lOard 21A.278 222.963 429.241 379.787 Total funds carrlgd forward 276 131 All of the above re5uts a derived from conbnuing actvths. There were no other recognised gains ¢X losses other than those slated above. Detailed movements en some funds received are dbsch)sed in Note 15 to accounts.
Spiinllboard Group Balance Sheet Asat31A 2023 2022 Fixed Tangible assets Curront assets Oebtors and Prepayrnents Cash at bank in hand 10 1M,3XI 204.878 11 5.711 439.380 14.455 315,454 329.gog clto[s.. 8mttunts falling du• ithul 1 year 12 168.958 105.54 Net currnnt assèts 276.132 224,363 N•tass•ts 429 241 Th• lunds of the charity= 'Fixed 05Set5 reserves fund Restricted lund Nel unreslricted funds To¢al charity funds 10 184,390 204,878 L76.132 222,962 429 241 The Trustées are $atisfied thal the Company 1$ enbued to exempti Irorn thg pfDNisK>n5 ofthg Comwie$ Ad 20( (the Acll relating lo the audit of Ihe finala1 slatements for Ihe ar ty rfUe of section 477, and that no rnember OT rnembers have requesbj an audrt pursuant to sectm 476 01 Ihe Act The Trustées 8ckThxeOae Ihwr re5[SIbl$ for.. ensuring that the Company keeps adequate &ctyJrtirwJ recThds ¢x)mply $eth"on 386 of the Act. and preparin9 finaneAal slatements 9i¥e a Ift and fair ¥1 ofthe stak of tsfthe ¢ompany as * thè ènd of the fiftancral yaar. and of rts surplus or loss forthe finanoal yw in a¢c¢rdance btrith the requirements of Secti 393. which otherwise compty with the quirewntS ofthe A(# relatsng to finarKial slatennts. 50 far as aPPlble to the company. These financial ststements have been prepared in x¢ordaKe wilh the wovi5ions for $m*l comparries under Part 1S ofthè Compani08 Acl 2CQ8. Approveil by the Trustees on". and signed on Iheir behalf by J•nio Easlman- Chair Company Numl)er 02844191
Spi•nAboard Opportunity Group Cash Flow Statement h• •af• 1Au us12 Rèconclllation ol net inco nditure t net e#h flow from o Atr 2023 2022 Net In¢omel{expendlturel for th• r•portlng p•riod (4$ p*rth• statement of financial •cti¥ities} 31.281 Adjustments for. Deprecialh?n charges Ilncreaselldecrease in debtors Inereasel{decreasel in credrtorsl 20,4J• 8.744 63.411 5,122 17,6031 "Cash us¢d In operating activitie6 123.92S 46,55g Tax Paid Cash flows from invesfy'ng aclivitse"s." Proceeds fTom the sale of fixed assets Incfeaselldecrease} in cash and cash equants 123,925 46.559 Cash and ush oquivalonts al beginning of ymr 315,454 268.894 Cash and ¢4$h equlval•rbts at •nd of year 439 380 10
SwnllbDrdOpportunlty GroL4P
Notes to the Financial Statements
31
2023
1. AccOting pollc6•s
The finanoal siaioffjents ha¥¢ been wepared in acc4rdance wAh AcetyJrrtM)g aTrJ Repow by Charths.. Statenènt of RecoThvnended
Practice applicable to Charl in PTewr#J ther accwnts Mi aL¥4%dants the Financ41 Reporbry Standard apF4"¢b In Ihe UK
aryi RepublK ol Irthnd (FRS 10Z) (ENe¢iTht kntef fvtyTh 1 J•nwry 1#) . ICknrth&s gORP IFRg io¥i. and th•
Ccrnpans Act 2(Th.
Springboard Opw1unty Gro rfets the defii#lts) of a pubk beneft eThlty FRS 102. Assets and Ikibrfth5 are ithrfiify
r•cogni%vd ai b10¢•1 cost of1rs•c)n Wal OlWi50 ated ¥1 rekniartaE
$prfngb)aFd Oppo Gm Notes to the Flnancial Ststsments l¢ontlnued) 31 1. pdl¢l4s Icontknwd) l) T4n•Sbl•llx•d ••ty Leasehohl land 8ThY are Iude al the date OfVaW ls ¥ty sub58QL accurnulatsd tIe8. The rEVaIL and W•Vy 5 >t•rn. [1 tELEnlvalLHbons i¥we Crn tYAaS at 7 Jur 2¢r22. vakne and in LKSe. Deprwats i% wovided ai rates CahXd•lEd to dtrm the ttssl r•e•ch asset tr ÈÈlvnatsd resKlu exKeCtsJ hfe. The deweryabon rte$ in 88 fgtrAs'. Ltaadd 8LJin9s Iswead over remknw FtLe$ and .76 % Str8vJThI Ine 33.3% perwwm Ihie Il•ms oteqiwpment cWaod whw• •y¢hAwpfrexceods £. ¢05¥ ** allDtAt4d ID f•CvitieB on bBi• ollhe Tr•Je Hnd oW%r debiofs we fecogrfseu aime aA8r of•ry tr•J• oifw¢d. PrBpayments al ts arnount pr8p•d nel ol artytr•Jedoecuts . C¥editor$ pm¥tsbJns ¥6 rec(w4¥eJ the ¢> hos • w•5ert ot4Jatilln re5ulw¥ frtyn a past th•t proba rvsthl the tr4Mler of to a trmrd paty aj Ir 4moLmt tr* (yakn c4n b& LVesikn•j Crdrtors #nd pro¥k•s are nomialty 81 thew seiiwt atsralkw for aw trade (fi5r1 . l} Flnancjal lTr•trumBnts TJ ejanty hJs finarK¥l assets fffwidal ol a ind qualfy as BrtS finr1 iistrumenls ml Eo¥l¥ Thè chaTrty ¢ontrkniR5 lo a Ptsl5kn Tre •55¢ts of the 5de * hew sepDratety from those ofthe charrtab CLryany in an lndepethYen The PErtsKffj cast chwgE cutyibuilons pae url•r Ihe scheme by the thathab cornpaAy 10 the The rJ)Hnlat4e has thjer¢ othEf thn lor me p•yff•nt Ortho cOntnJlItin8. The crffjlribubons made Ir p8rth1 tKeatod as wKl¥¢£8.751 {20Tr. £7.7561. n) Qpovatlng ••B Ron15 payabhi ow¥ating •8e$. wtse subs1 ai tr 1 remain tha kssor, tharged io trrt stsiemeni ol firal a 3tr4¥JM IrbsLs *a5e term. 12
Not•s to the Flnanclal Statements Iconllnuedl 2022 202Z 2022 rotsl andGr8nis ChadiatrAe xbwthe5 1I&1TO TO.215 436.310 11.r#Ji 21B,325 438,31U 11,004 14.110 517 728 069.839 Exp•n(l•.' Rai51no Funds 854 161 •) 459 740 46D63S 621.644 22 Totsl 41$59 Grams.. Quartet CcrnmunNy Foundat BBC in N4d rfitld Wesityi F¢undi Sobell Foundab4h GI0rS make50meNve Henrysrnithchar TheOarnE w10111St1ll Trust BarbaTr Ward ChildrÈn'S FowK%è BèltyThM$a1it3o1e F¥n ThèForresterFamityTrnst Thejarnes Pwtl5trad Nauty&Trus Ellio¢ & PrtnTrZalyrtharltèllèTruSt SairttlwneI5 Pknte FoUfwJatn The Slr JU$ThOrn Charitatrde Tru# Th¢ Wl(KkCharitableTNst N)ihS¢rserC0fflffirtyHelth remÈtt The Keebk Ch•rltstAeTNst Tesco Percy&'ttonCharity baear FeFtyjJaf AiiiarK¢ Grant 4.117 •,703 12.e10 10.rijo 10,0 22.0 51.251 2.0 3.750 J,Jo 52,7 2.917 517 2.917 1,3J3 2.olj 2.917 3.988 1.005 1.7 2.SOO I,soo 2.000 840 2,5 1.500 2,903 1.IJOD 476 100 i•JJJ 3.125 IOA17 4950 1,750 zmos 476 11333 5.125 1Q417 North mErs Heah and WeNbewl8StTrieiy HDbn Charity Chlwien ID NeedCo#rfLtr41w8cffiu5 5oJetydMerthantventufu5 8oshlÈr FoUtHIn 8wees salnKn Trust stn 8uilthngSoci¢ty The llnwantTru5t Monmouthshire &Jd¢Jino5oDetyowraW FOd0r &aFoundatitin ThtCawTrust The A5 BrownlessCh¥ltabk Tr1 The Leowd Lth5tOateth¥DtthTl Leeds8thldini Sc<tylMay 221 CrNd 19Job Retentw Stheme 500 35D 1.207 TrA81 gants 1.491 2507 218,325
Sprinaboard Ooportunify Notss to the financial statements (continued) For thg yvJr•nd8d 31 August 1023 1023 2023 2023 Total 2022 Total 4. Incfjme from charitabf• actlvities Improwng twp0rtunijefy forchildn vlh adts1 needs Incorne from stalutory bods ts play and edvtK Subscriptions. sessiefj fees and membership fees Training Prowded to Clients Indusion incame 358.931 19.825 47.944 $4,376 358.931 19.825 47.944 54,376 354,022 11.405 21,629 49.254 481,076 481.076 436,310 S. Othèr In¢orno Fundrai5irw events and aLlIt95 27.753 27.753 11.004 27.753 27.753 11,004 6. Total ejtpendlture spOrt & R•lskng edwtion governance 2023 Total 2022 Total tlire¢t lundraisln9 Gosts 9.163 •.183 854 Chatitsblè activities Stsff costs (note 81 Cost¥ of de¥elopmenl. •du¢ali an<1 adminisi¥alJn Property co$ls Office costs Corporation tsx Examiner. Otsied, legal and wolessn01 costs IndepeThJenl Examiner5, mUnerab"On Depreeiatron gJg.524 608.524 539.127 18.325 43,779 27.010 18.325 43,779 27.010 27.5M 18.108 2,383 2.250 5,122 620.790 3.570 3,570 20.488 721.738 20.488 718.126 3,610 Total expendsturn Funded Frorn Funded From Restrsctsd Unrestricted Po Po 2023 Total 2022 Total Direct fvn¢kn'¥iny cvsts Staff costs Direct Costs of de¥eloprn•nt and education Property eosis Office costs Corporation tsx Legal and professional ¢oJts Independent ExamineTs' remuneration.. Depreciation 4,943 456,937 854 539,127 151.587 608,524 16.304 1.736 d3.779 27.010 18,325 43.779 27.010 26,256 27,544 18.108 2.383 2,250 5.122 3.570 3,5711 20.488 720,879 14
SDrlngboard Opportunity Group Notes to the financial ststements Icontinued For theJ.QAr en d.J1 AUgt_20 _ 7. Net mov•nl In funds Thss is slated aftef charging.. 2023 2022 Deprlation Independent Examine¢¥' remuneratron 20.481 5.122 8, Stalf ¢osts and numb•rs Staff costs were as lollows." 2023 2022 Salaw and wagès Social security costs Auknenrolment PenSn costs Recfurtmenl cosls DBS checks Staff èwses aKI travel Staff training 554.415 28,037 8.721 140 1.378 10.050 5.783 495,839 23,501 7.756 94 1.227 7,148 3.562 539 127 No emoyee receNed emoluments 0[ £60.000 during the year12022." None). No remuneration w3$ paid to the Trustees. Trustees. exp.enses reintwrsed amounted to £105 {2022 - £8). Th& key management personnel of the charity comprise the Chièf ExecutNe Officer #nd four managers. The tothi empbyee benefits of the key management rsOnnel of the charity were £152.822 (2022 - £153.1921. 2023 2022 Average siaff head counl 42 40 9. Tax*tion 2023 2022 Corporab'on tax 15
Sprinllboard OplrtUnIty Grou Notes to the financial statements Icontinued) r.the y.ear ended 31 AuLugt.2023 10. Tanglble fixed agsets Le•sehold Fixtures buildings & rIn Tots Cost or valuation At 1 September 2022 Additions Disposals At 31 August 2023 210,000 44.629 254,62Q 210.C 44.620 254.620 Depreclatlon At 1 September 2022 Depreciation Charge lor the year th"sposal 5.122 20.488 44.620 49.742 20.8 At 31 August 2023 2S,610 44,620 N•t book valu• At 31 Auguyt 2023 114,390 184.390 At 31 AugU$t 2022 204.878 204,878 11. D•btors 2023 2022 Trade debto PpaYmentS 390 &321 4.281 10,174 5.711 14,455 12. CTedit<ws . amounts du• within 1 year 2023 2022 Trdde credrtors Payroll deductions and pension contributN)ns Accruals 0rred Income 4.727 10.077 33.998 120.157 4,128 8,186 38.767 64,251 168.958 115,332 16
Sprfngbo•rd Opportuntty Group Notes lo the financial statements (continued) Porthe y•ar •ndèd 31 August2Q24 11 O•f•rr•d incorn• 2023 2022 @an¢e a$at 1 Septemr 2022 64251 69.031 Amoijnt released lo income Amount delor¢ in ar 164.2511 120.157 169.0311 64,251 Balance as at 31. August 2023 120.157 64.251 14. Operatlng l•as•s 2023 2022 The tt>t•l lubjre rninimum 89e payments under n¢n¢1e operalii".9 8se8 are as fokyB.' Not later than one year Later than onè year and not later than fve ye•rs Laler than five years 1.C61 2.C60 2.323 3710 123. .15. An•ty8is of not a$$ot• betw•en fub)ds RestriLled lunds Unrestricbj lund$ Total funds Tangble tsed a55els Ca8h at bank and ih hand Other net cJJrrent assetsllliabffrtiesl 184.3 184,390 439.380 169.248 439.380 163,248 Net assets at 31 August 2023 184.390 276,132 460.522
Not•$ to th• flnanci•l $tatqments (¢tyrtinuqOI F•rth¢ %wr•nd•d 31 Audthrt2fy2J ¥¥•4t JI A4USt R•lrlctsdGr4ntFurtds.' Quarteiconkmunltyloi Fatyp[•¢h B8C GatheldWESt¢n Fothida Sobell Fwnditic 14.16n 11.7031 12.QJ3) 13.>75 152.7 HentySMithChty Baibira Wxdchildren's Fcwdatson The Jèrrt¢STudorFLwndal Poilbead TheC35eYTruSt LEeds SurldifflR Scdèw Th&tJu (3.5891 (1.7591 12.¥)3 Yesro Ip•>Ji 11.333 3.125 10.417 142YJI <1.7Y)I sys TMI 476 12.C¢61 ChI1nle¢•1t(awrvJe 5cdéty 12.OWI SokThnrn# {1.1011 Toiaik FIAed45JrfrnS)*Wdfvnd.. 15.3661 cithJon 8rvalests 138 ftF SgS.1I7 $42.5 276.l>J ToWfvr4s
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