Company no. 2844191
Charity no. 1025787
Springboard Opportunity Group
Trustees. Report and Financial Statements
Year to 31 August 2024
SPRINGB
SIfyCE
1986
OPPORTUNITY GROUP =

Springboard Opportunity Group
Contents
For The Year Ended 31 Au
ust 2024
Page
Report of the Trustees
Reference and Administrative Details
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
10
Notes to the Financial Statements
11-19

Springboard Opportunity Group
Report of the Trustees
For the
ear ended 31 Au
ust 2024
INTRODUCTION TO THE CHARITY
Springboard is a Registered Charity and Company Limited by Guarantee established under a Memorandum
which sets out its objects and powers. Its governing rules are contained in Articles of Association. It provides
support, learning, care and play for children from birth to 5 years who have additional needs and disabilities.
Its operational area is North Somerset. It was set up in 1986 by a group of local parents.
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 as
set out on page 6 forms part of this report.
OUR PURPOSES AND ACTIVITIES
Vision
That every child from birth to 5 years in North Somerset has the care, education, support and the opportunity
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, by 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 for their
families in North Sonmerset.
ACHIEVEMENTS AND PERFORMANCE
Activities to achieve our aims included:
SOG settings were fully open and active in the years 23124. Finances continued to be closely monitored by
both senior leaders and trustees ensuring that the organisation remained in as strong a position as possible
for the forthcoming year.

Springboard Opportunity Group
Report of the Trustees
For the
ear ended 31 Au
ust 2024
Children
1. Children's early years, experience will be individualised at Springboard to promote and develop communication and
independence skills.
2. Springboard Ghildren will have a VOiGe that informs their education services.
3. Children with SEND in areas of high deprivation, who have multiple vulnerabilities, will be able to access springboard
services.
4. We will collaborate with our partners locally and nationally to help improve inclusive practice for young children with
SEND
5. We will help represent the voice of early years SEND provision as a voice of expertise at local and national levels
Data headlines - % of children making one step of progress:
Personal Social and Emotional Development results are up quite significantly to 83 % across the organization from 77 % last year
C & L - staying the same just below our target of 70 %
PD result have also increased from 71 % to 81 % this year
The target for Communication and Language has yet to be fully met but improvements in the PSED results show the impact that
Springboard sessions are having on children's ability to manage their emotions, self-regulate and build relationships.
Using Development Matters Best Fit statements is problematic for evidencing the small steps of progress that children with SEND
make. A new assessment framework for children with SEND has now been published by DfE and Springboard staff will be
implementing the framework across bases this year. This means that smaller steps of progress can and will be identified which
should support Springboard's aim of evidencing the impact of our services.
Work with the DfE Covid Recovery programme and Bristol and Beyond Stronger Practice hub has influenced inclusive practice
across North Somerset, Bristol, Somerset, BANES and South Glos. Springboard has hosted SEND immersion days, delivered
training and completed outreach support work in mainstream settings.
Families
1. Springboard systems will enable parents and wider family members to feel confident and supported to independently
meet their children's needs at home
2. Springboard systems will enable families to feel confident to access community services, facilities and events
3. Springboard systems will enable families to develop strong, supportive peer relationships
of year parental survey again highlights how valued Springboard is to parents and families of our children. Comments again
highlight the impact that our staff have on parents, understanding of their child's needs. Comments include:
We feel supported overall with understanding our child's needs
Lots of support with everything from toilet training, speech and meltdowns
. We understand our child better and know where to go for support
. SPARCS course was fab
Springboard has not only supported us o a childcare level but on an emotional level too. After so much heartache, it is so
incredibly heartwarming to see our child enjoying the childcare setting and doing 'normal' toddler things
Springboard has not only helped our child but also helped us as a family understand how to deal with situations with our child.
Springboard staff helped us a lot by making us know how to work with our child.
In our end of year survey, 75 % of families reported that meeting other parents and carers was one of the most important aspects
of Springboard to them as a family. This is confirmed by parental comments such as:
Meeting other parents and families has been really nice knowing you aren't the only person going through what you are.
Meeting with other families who also have a disabled child has helped us
I have enjoyed learning from the parent workshops and talking to other parents.
End
Workforce: Staff & Volunteers
1. We want staff to feel valued with strong job satisfaction
2. We want staff to feel confident in all areas of their roles and responsibilities
3. Springboard workforce conditions will reflect the additional responsibilities and stressors of working with young
children with SEND and their families.
Wellbeing Team is now in place with each base represented and our first wellbeing event was organized at the end of the summer
term. Regular staff bulletins are shared, aimed at keeping staff updated about organizational improvements, staff structure and
keeping staff updated about benefits, pay and conditions.
2a

Springboard Opportunity Group
Report of the Trustees
For the
ear ended 31 Au
ust 2024
Or
anisational and Financial Sustainabilit
1. We will develop a predictable sustainable income base giving financial stability
2. We will regularly review our organizational structure to ensure effective management of services
3. Our Board of Trustees will represent the skillset needed for effective governance and lived
experience
The challenges faced by charities in 2024, such as rising living costs, inflation, and global uncertainties,
continue to emphasize the importance of financial preparedness. While the COVID-19 pandemic
highlighted the need for stable income sources, the current environment is also presenting significant
pressures, with demand for services increasing and operational costs rising.
Springboard's income streams have shown some positive growth, but there is still a reliance on a few key
sources. The risk of losing any major income, like the Local Authority Top-up funding, reminds us of the
need to actively diversify our income sources. Grants continue to be a substantial part of our income,
consistently contributing 23_24 % , which highlights their critical role in maintaining our financial stability.
Moving forward, we must continue to explore new income sources, such as increased traded income
through digital resources and partnerships with businesses, while also strengthening our existing grant and
contract income.
A review of the staffing structure has led to changes for the coming year including additional hours for
Family Practitioners and a review of our support team to clarify capacity for fundraising.
The Trustee's delivered their overarching aim of having the skillset needed for effective governance and
lived experience. The drive for continuous improvement shows that there is a gap in our collective skills set
as there is no HR specialist, that we will endeavour to address next year. In September 2024 there are 6
Trustees, covering a range of skill sets, and at least 50 % of them have direct lived experience of SEND.
Each Trustee has either a lead area or a linked setting which is reviewed at every Board meeting. The
Trustees undertook major profile-raising activity to raise awareness amongst political and local government
decision makers about the detrimental impact of the reduction in TUF funding in the middle of the academic
year.
2b

Springboard Opportunity Group
Report of the Trustees (continued)
For the
ear ended 31 Au
ust 2024
continued
Our Ability to Provide 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 local government funding, grants and donations 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.
Overall, excluding depreciation of fixed assets, our expenditure increased by 11.1 % from £710,411 to
£784,565. Largely pursuant to a g.8 % national living wage increase in April 2024, and further to a
9.7 % increaser in April 2023, which also fueled increases in wagelsalary differentials for higher grade
workers, staff costs grew by £79,600 (13 % ) from £608,524 to £688,124. Some of the increases in
costs are welcome in that they stem from our provision of services to addtional children, necessitating
recruitment of extra staff and acquisition of more space and related backup facilities. Most obviously
this applies to the first year of operation of our relatively new Mead Vale setting (see further below).
In the face of inflationary pressures, and by judicious cost-cutting, other non-depreciation
expenditures, were reduced by £5,446 (5.6 % ) from £101,887 to £96,441.
Total expenditure, including depreciation charged of £20,945, grew by £74,611 (10.8 % ) from £730,899
to £805,510.
32

Springboard Opportunity Group
Report of the Trustees (continued)
For the
ear ended 31 Au
ust 2024
Our Ability to Provide Public Benefit (continued)
Overall, this year our sterling staff supported by numerous generous funders aGhieved an operating surplus of £51,420 (last
year £51,769). After deducting non~cash asset depreciation of £20,945, we turned in an overall surplus of £30,475. Our net
current assets have increased from £276,132 to £325,755 - having deducted deferred grant-funder income carried forward
as a temporary creditor of £47,073 (last year £120,157).
According to the
source:_ www.bbc.co.uk/news/c390kw/articles17vklyo: "North Somerset Council has launched a consultation into how it can
overcome its "current financial emergency" and "The authority faces a £53m funding gap over the next three years and
could effectively be declared bankrupt if savings are not found" We hope that the under-pressure Council will give
maximum priority to the most vulnerable children in our community. However, in light of the possibility that they won't or
can't, we must take steps to increase our funding from all other available sources, within a context of continuing inflationary
pressures, global uncertainty, scarcities caused by the wars in Ukraine and Gaza, Trump's election as US president,
competition between charities, and other destabilising forces. We therefore entreat our existing backers to continue
providing their generous support. Our dedicated fundraisers shall make every reasonable effort possible to persuade new
funders to come on board. The prospect of Springboard having to downsize or even cease its Ofsted-endorsed operations
is unpalatable, as to do so would almost certainly negatively impact many children for many years to come.
3b

Springboard Opportunity Group
Report of the Trustees (continued)
For the
ear ended 31 Au
ust 2024
continued
Our Non-Government Funders
We are more than grateful to have received non-statutory grant funding from the following organisations
this year.
Quartet Community Foundation
Quartet North Somerset Community Partnership
Quartet Community Foundation Stoke Park Group Friends Fund
Quartet Community Foundation Express Grant
BBC Children in Need
Garfield Weston Foundation
Global's Make Some Noise
Henry Smith Charity
Barbara Ward Children's Foundation
Portishead Nautical Trust
The Sir Jules Thorn Charitable Trust
The Medlock Charitable Trust
North Somerset Joint Health and Wellbeing Strategy
National Lottery Community Fund
National Lottery Awards for All
The Klng's Charitable Trust.
Tesco
Foyle Foundation
Alliance Homes Grant
Masonic Charitable Foundation
Hays Travel Foundation
Asda
Bauer Radio Cash for Kids
Bauer Radio Cash for Kids
The Grace Trust
The Michael Cornish Charitable Trust
Ford Britain Trust
Douglas Arter Foundation
Trees of the David
Leonard Laity Stoate Charitable Trust
Our Donors and Supporters
We are also grateful to our donors, in particular this year The Hunter Selection who donated £1,000
towards purchasing Christmas presents.
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 acceptable rates on deposits. The
Trustees are mindful of the £85,000 FSCS limit on compensation for banking failure, and have spread
available funds accordingly across various banking institutions.
Reserves Policy
We take management of our reSoUr￿S very seriously- the Finance and Resources sub-group meets
6 times a year to review in detail income and expenditure, assets and liabilities, and reports back to the
full Board.
We have an extensive Financial Controls policy which includes our reserves policy. Our Charity needs
reserves in order to meet various possible contingencies including:
delays in receiving funding from a variety of funders, for whatever reason
to act as a reserve in the case of lowering levels of funding
to cover the cost of winding up some or all of our ServI￿S
to make provision for possible staff redundancy
to cover unanticipated future liabilities
The Board has established a policy whereby the unrestricted funds not committed or invested in
tangible fixed assets (the free reserves) held by the Charity should be at least 25 % of the annual
budget, which equates to 3 months of the resources budgeted to be expended from general funds. At
this level the Board feel that they would be able 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 Finance and
Resources committee reviews the position of the reserves at least 6 times each year upon issue of
monthly management accounts.
At 31 August 2024 the charity had free reserveslunrestricted funds of £325,755 (2023 £276,132). The
2023-24 minimum target of 3 months budgeted general expenditure amounted to £201,099 (2022-23:
£174,288). Based on our 2024-25 budget the minimum has been increased to £208,558. The trustees
believe that this minimum level of free reserves is reasonable and may be truly needed over the
coming years.
Strategic Plan
A new Strategic Plan is in place for the years 2023 to 2026 under the headings of:
1. Children
2. Families
3. Workforce
4. Organisation and financial sustainability

Report of the Trustees (continued)
For the
ear ended 31 Au
ust 2024
continued
Our Challenges and Risks 2024-25
To fully realise the potential of our new setting at Mead Vale to significantly expand our offer to
children with autism.
The risk of Local Authority budget cuts which could result in reduced allocations to Springboard.
In the face of stiffer competition from other charities arising from more straitened national and
local circumstances, to maintain and increase our ability to support services, and to expand our
sources of grants and donations.
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 six times 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 delivery knowledge.
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,
the company's Memorandum and Articles ofAssociation,
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
setting and of the administration section.
Staff salaries are reviewed annually and benchmarked against charities of a similar size and
structure.
Risk Management
The Charity takes its risk management processes seriously. Risks are a fixed item on the agenda of
each trustee committee and board meeting, and must be clearly identified by trustees and senior
leaders to reflect risks of any nature (e.g. governance & management; child protection issues;
operations; financial; environmental. and regulatory compliance). Risks are reviewed at every sub-
group meeting, and reported to the Full Board who meet six times a year.
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 an annual report including financial statements in
accordance with applicable law and 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 incoming resources and
application of resources (income and expenditure), of the charity for that period. In preparing the
financial statements, the trustees are required to:
prepare financial statements for each year which comply with suitable accounting policies.
and apply them consistently;
observe the methods and principles laid out 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 deDartures as disclosed and exDlained in the financial statements:
prepare the financial statements on a 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 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 Independent Examiner
In so far as the trustees are aware at the time of approving our trustees, annual report:
we have complied with the requirements summarized in the preceding paragraphs;
we have taken all steps that ought to have been taken in order to make ourselves aware of any
relevant information needed by the charity's independent Examiner, and to ensure that the Examiner
has been made aware of that information.
This Narrative Report has been Approved by the Trustees on:
and signed on their behalf by
Jenie Eastman - Chair
Date:

Springboard Opportunity Group
Reference and administrative details
For the
ear ended 31 Au
ust 2024
Company number
2844191
Charity number
1025787
Registered office and principal
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:
Jenie Eastman - Chair
Peter O'Dufy - Treasurer
Diane Scarborough
Elizabeth Manning - appointed 20th May 2024
Anthony Keyworth
Danielle Vincent
Chris Roberts - resigned 25 March 2024
Simon Vincent - resigned on 2 July 2024
The Trustees of the charity are also directors of the
company for the purposes of the Companies Act 2006.
Executive officers at 31 August 2024 Ruth Glover
Principal bankers
CAF Bank Ltd
Independent Examiner
Stephen Burnside FCA
Burnside Chartered Accountants
61 Queen Square
Bristol
BS14JZ

EXAMINER'S REPORT
To the members of
rin
board O
ortuni
Grou
I report to the charity trustees on my examination of the accounts of Springboard Opportunity Group for the year ended 31 August 2024
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 AGt 2011 ('the 2011 Act,).
In carying 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 I
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 that:
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
epared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and
s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
the accounts have not been
reporting (applicable to char
Ireland (FRS 102) )
Signature:
Name:
Relevant professional body:
Address:
Stephen Burnside FCA
Institute of Chartered Accountants in England and Wales
Burnside Chartered Accountants, 61 Queens Square, Bristol BS14JZ
Date:
4*1)

Springboard Opportunity Group
Statement of Financial Activities (incorporating an income and expenditure account)
For the
ear ended 31 Au
ust 2024
2024
Total
2023
Total
Note
Restricted
Unrestricted
Income from:
Donations, fundraising events and grants
Charitable activities
Trading activities
Interest
186,599
63,159
576,560
4,597
5,070
249,758
576,560
4,597
5,070
250,780
481,076
27,753
2,570
Total income
186,599
649,386
835,985
762,180
Expenditure on:
Raising funds
Charitable activities
1,132
603,274
1,132
804,378
9,163
721,736
201,104
Total expenditure
201,104
604,406
805,510
730,899
Net income l (expenditure)
(14,505)
44,980
30,475
31,281
Transfers between funds
(1,796)
1,796
Other recognised gainsl(losses):
Net movement in funds
(16,301)
46,776
30,475
31,281
ReconGiliation of funds:
Total funds brought forward
184,390
276,131
460,522
429,241
Total funds carried forward
16
168,089
322,907
490,996
460,522
All of the above results are derived from continuing activities. There were no recognised gains or losses other than those stated
above. Detailed movements in some funds received are disclosed in Note 16 to the accounts.

Springboard Opportunity Group
Balance Sheet
Asat31Au
ust 2024
Note
2024
2023
Fixed assets
Tangible assets
Current assets
Debtors and Prepayments
Cash at bank and in hand
10
165,241
184,390
11
8,798
424,690
433,489
5,711
439,380
445,090
Liabilities
Creditors: amounts falling due within 1 year
12
(107,734)
(168,958)
Net current assets
325,755
276,132
Net assets
490 996
460 522
The funds of the charity:
Restricted funds
Unrestricted funds
Total charity funds
168,089
322,907
490 996
184,390
276,132
460 522
16
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 AGt, 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:
OS. os. Loks
and signed on their behalf by
Jenie Eastman - Chair
Springboard Opportunity Group
Company Number 02844191

Springboard Opportunity Group
Cash Flow Statement
For the
ear ended 31 Au
ust 2024
Reconciliation of net incomel
ex
enditure
to net cash flow from o
eratin
activities
2024
2023
Net incomel(expenditure) for the reporting period
(as per the statement of financial activities)
30,475
31,281
Adjustments for."
Additions less Depreciation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors)
19,149
(3,087)
(61,225)
14 689
20,488
8,744
63,411
123 925
Cash used in operating activities
(14,689)
123,925
Tax Paid
Cash flows from investing activities."
Proceeds from the sale of fixed assets
Increase/(decrease) in cash and cash equivalents
(14,689)
123,925
Cash and cash equivalents at beginning of year
439,380
315,454
Cash and cash equivalents at end of year
424 691
439 380
10

Springboard Opportunity Group
Notes to the Financial Statements
For the
ear ended 31 Au
ust 2024
1. Accounting policies
a) Accounting 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
R¢publiG of Ireland (FRS 102) (effeGtive with later amendments from l January 201 g) - (Charitieg SORP (FRS 102)). 2nd thÉ Comp2niog
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 going 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 reliably.
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 executoffs 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 as expenditure in the period of receipt.
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.
n Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted
funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are
donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being
undertaken by the charity.
Donations required to be retained as capital in accordance with the donor's wishes are accounted for as endowments - permanent or
expendable according to the nature of the restriction. Endowments and the subsequent increases and decreases in value are shown in the
Statement of Financial Activities as part of those capital funds.
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement
will be required, and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h) Allocation of support and governance costs
Expenditure is allocated to particular activities where the cost relates directly to that activity. However, the costs of overall direction and
administration of each activity, comprising the governance and support costs of the charity, are apportioned on the following basis which is
an estimate, by reference to staff costs, of the amount attributable to each activity:
Cost of raising funds
Charitable activities
11

Springboard Opportunity Group
Notes to the Financial Statements (continued)
For the
ear ended 31 Au
ust 2024
1. Accounting policies (continued)
i) Tangible fixed assets
Leasehold land and buildings are included at fair value at the date of valuation less any subsequent
accumulated depreciation. The charity revalues land and buildings every 5 years. The most re￿nt valuations
were carried out as at 7 June 2022.
Other fixed assets are included at cost plus any incidental costs of acquisition, less any subsequent accumulated
depreciation.
Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net
realisable value and value in use.
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The
depreciation rates in use are as follows:
Leasehold Buildings (spread over the remaining term of the lease)
9.76 % per annum straight line
Fixtures and Fittings
25 % per annum straight line
Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the time.
use of the related assets in those activities.
i) Debtors
Trade and other debtors are recognised at the settlement amount due after deduction of any trade discount offered. Prepayments are valued at the
amount prepaid net of any trade discounts due.
k) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are
normally recognised at their settlement amount after allowing for any trade discounts due.
l) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are
initially recognised at transaction value and subsequently measured at their settlement value.
m) Pension costs
The charity contributes to a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable
company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable
company to the fvnd. The charitable company has no liability under the scheme other than for the payment of those contributions. The
contributions made for the accounting period are treated as an expense and were £10,317 (2023 - £8,721).
n) Operating leases
Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the
statement of financial activities on a straight line basis over the minimum lease term.
12

Springboard Opportunity Group
Notes to the Financial Statements (continued)
For the
ear ended 31 Au
ust 2024
2. Prior year comparatives
2023
2023
Restricted Unrestricted
2023
Total
Income from:
Donations and Grants
Charitable activities
Fundraising events and other trading activities
Interest Earned
166,491
84,289
481,076
27,753
2,572
250,780
481,076
27,753
2,572
Total income
166,491
595,690
762,181
Expenditure on:
Raising Funds
Charitable Activities
(9,163)
533,357)
9,163
721,736
188,379
Total expenditure
(188,379)
542,519)
730,900
Net income l (expenditure)
21,888)
53,171
31,281
3. Donations and Fundraising Events and Grants
2024
Total
2023
Total
Restricted
Unrestricted
Donations and Fundraising Events
Restricted Donation from The Hunter Selection
1,000
50,159
51,159
94,289
Grants:
Quartet Community Foundation
Quartet North Somerset Community Partnership
Quartet Community Foundation Stoke Park Group Friends Fund
Quartet Community Foundation Express Grant
BBC Children in Need
Garfield Weston Foundation
Sobell Foundation
Global's Make Some Noise
Henry Smith Charity
The Dame Violet Wills Will Trust
Barbara Ward Children's Foundation
Bally Thomas Charitable Fund
Portishead Nautical Trust
Elizabeth & Prince Zaiger Charitable Trust
The Sir Jules Thorn Charitable Trust
The Medlock Charitable Trust
The Medlock Charitable Trust
North Somerset Community Health re Mental Health
North Somerset Joint Health and Wellbeing Strategy
National Lottery Community Fund
National Lottery Awards for All
The Klng's Charitable Trust.
The Keeble Charitable Trust
Tesco
Foyle Foundation
Alliance Homes Grant
Masonic Charitable foundation
Hays Travel Foundation
Asda
Bauer Radio Cash for Kids
The Grace Trust
The MiGhael Cornish Charitable Trust
Ford Britain Trust
Douglas Arter Foundation
Trees of the David
Leonard Laity Stoate Charitable Trust
Bentley Grant for Glo and Go
The Forrester Family Trust
The James Tudor Foundation
Percy Bilton Charity
bclear
Hobson Charity
Children in Need Cost of Living Bonus
Society of Merchant Venturers
Boshier Hinton Foundation
Burges Salmon Trust
Skipton Building Society
833
15,960
325
3,920
23,604
22,917
833
15,960
325
3,920
23,604
22,917
4,167
8,703
2,083
5,000
3,305
52,750
2,917
5,000
1.333
1,799
3,000
3,000
1,500
1,652
8,833
1,652
8,833
3,750
5,000
3,750
5,000
1,621
1,621
5,000
1.250
500
2,250
5,000
1,250
500
2,250
2,903
4,250
12,750
44,367
5,167
2.292
12.750
44,367
5,167
2,292
2,000
5,000
1,667
4,375
14,583
1,750
354
2,080
1,700
1,000
400
500
500
525
174
2,000
2,000
1,000
18,333
3,125
10,417
1,750
5,000
1,667
4,375
14,583
1,750
354
2,080
1,700
1,000
400
500
500
525
174
2,083
3,989
476
800
2,005
500
5,000
2,000
200
1,104
Total donations 2nd grants
186 599
63 159
249 758
250 780
13

Springboard Opportunity Group
Notes to the financial statements (continued)
For the
ear ended 31 Au
ust 2024
2024
Restricted
2024
Unrestricted
2024
Total
2023
Total
4. Income from charitable and related activities
Income from statutory bodies for play and education
Subscriptions, session fees and membership fees
Training Provided to Clients
Inclusion income
512,397
16,879
46,134
1,150
512,397
16,879
46,134
1,150
358,931
19,825
47,944
54,376
576,560
576,560
481,076
5. Other Income
Fundraising Activities and Events
4,597
4,597
27,753
4,597
4,597
27,753
6. Total expenditure
Developt. &
education
services
Support &
governance
costs
Raising
funds
2024 Total
2023 Total
Direct fundraising costs
1,132
1,132
9,163
Charitable activities
Staff costs (note 8)
Costs of development, education
and administration
Property costs
Office costs
Examiner, Ofsted, legal and professional costs
Depreciation
688,124
688,124
608,524
21,323
46,470
23,244
21,323
46,470
23,244
4,272
20,945
804,378
18,325
43,779
27,010
3,610
20,488
721,736
4,272
20,945
800,106
4,272
Total expenditure
1132
800 106
4272
805 510
730 899
Funded From
Restricted
Pool
Funded From
Unrestricted
Pool
2024
Total
2,023
Total
Direct fundraising costs
1,132
1,132
9,163
Staff costs (note 8)
Direct costs of development
and education
Property costs
Office costs
Examiner, Ofsted, legal and professional costs
Depreciation
175,788
512,336
688,124
608,524
3,238
18,085
46,470
21,662
4,272
449
603,274
21,323
46,470
23,244
4,272
20,945
804,378
18,325
43,779
27,010
3,610
20,488
721,736
1,582
20,496
201,104
Total Expenditure
201104
604 406
805 510
730 899
14

Springboard Opportunity Group
Notes to the financial statements (continued)
For the
ear ended 31 Au
ust 2024
7. Net movement in funds
This is stated after charging:
2024
2023
Depreciation
Examiner, Legal and Ofsted Fees
20,945
4272
20,488
2448
8. Staff costs and numbers
Staff costs were as follows:
2024
2023
Salaries and wages
Social security costs
Auto-enrolment pension costs
Recruitment costs
DBS checks
Staff expenses and travel
Staff training
631,707
34,027
10,317
554,415
28,037
8,721
140
1,378
10,050
5,783
1,010
5,786
5,277
688 124
608 524
No employee received emoluments over £60,000 during the 2024 year (2023: None). No remuneration was paid to the
Trustees. Trustees, expenses reimbursed amounted to £0 (2023 - £105).
The key management personnel of the charity comprise the Chief Executive Officer and six managers. The total employee
benefits of the key management personnel of the charity were £184,006 (2023 - £152,822).
2024
No.
2023
No.
Average staff head count
50
42
9. Taxation
2024
2023
Corporation tax
15

Springboard Opportunity Group
Notes to the financial statements (continued)
For the
ear ended 31 Au
ust 2024
10. Tangible fixed assets
Leasehold
buildings
Fixtures
& fittings
Total
Cost or valuation
At 1 September 2023
Additions
Disposals
At 31 August 2024
210,000
44,620
1,796
254,620
1,796
210,000
46,416
256,416
Depreciation
At 1 September 2023
Depreciation Charge for the year
Disposals
25,610
20,496
44,620
449
70,230
20,945
At 31 August 2024
46,106
45,069
91,175
Net book value
At 31 August 2024
163 894
1347
165 241
At 31 August 2023
184 390
184 390
11. Debtors
2024
2023
Trade debtors
Prepayments
1,904
6,894
390
5,321
8798
5711
12. Creditors . amounts due within 1 year
2024
2023
Trade creditors
Payroll deductions and pension contributions
Accruals
Deferred Income
474
10,328
49,860
47 073
4,727
10,077
33,998
120,157
107 734
168 959
16

Springboard Opportunity Group
Notes to the financial statements (continued)
For the
ear ended 31 Au
ust 2024
13. Deferred income
2024
2023
Balance as at 1 September 2023
Amount released to income
Amount deferred in year
120,157
(120,157)
47,073
64,251
(64,251)
120,157
Balance as at 31 August 2024
47 073
120 157
14. Operating leases
2024
2023
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
1,358
2,956
1,202
2,324
184
4314
3710
15. Year End Analysis of net assets between funds
Restricted Unrestricted
funds
funds Total funds
Tangible fixed assets
Cash at bank and in hand
Other net current assetsl(liabilities)
163,894
4,195
1,347
424,690
98,935
165,241
428,885
98,935)
Net assets at 31 August 2024
168 089
327 102
495 191
17

Springboard Opportunity Group
Notes to the financial statements (continued)
ear ended 31 Au
-FortheL_--
ust 2024
16
Total Funds Movements
Balance at
1 September
2023
Balance at
31 August
2024
Income
Expenditure
Transfers
Donations
Restricted Donation from The Hunter Selection
1,000
(160)
620
Restricted Grant Funds:
Quartet Community Foundation
Quartet North Somerset Community Partnership
Quartet Community Foundation Stoke Park Group Friends
Quartet Community Foundation Express Grant
BBC Children in Need
Garfield Weston Foundation
Global's Make Some Noise
Henry Smith Charity
Barbara Ward Children's Foundation
Portishead Nautical Trust
The Sir Jules Thorn Charitable Trust
The Medlock Charitable Trust
North Somerset Joint Health and Wellbeing Strategy
National Lottery Community Fund
National Lottery Awards for All
The King's Charitable Trust.
Tesco
Foyle Foundation
Alliance Homes Grant
Masonic Charitable Foundation
Hays Travel Foundation
Asda
Bauer Radio Cash for Kids
The Grace Trust
The Michael Cornish Charitable Trust
Ford Britain Trust
Douglas Arter Foundation
Trees of the David
Leonard Laity Stoate Charitable Trust
Bentley Grant for Glo and Go
833
15,960
325
3,920
23,604
22,917
1,652
8,833
5,000
1,621
1,250
500
12,750
44,367
5,167
2,292
5,000
1,667
4,375
14,583
1,750
354
2,080
1,700
1,000
400
500
500
525
174
(833)
(15,960)
325
(3,920)
(23,604)
(22,917)
(1,652)
(8,833)
(5,000)
(1,621)
(1,250)
(500)
(12,750)
(44,367)
(5,167)
(2,292)
(1,939)
(1,667)
(4,375)
(14,583)
(1,750)
(354)
(2,080)
(589)
(1,000)
(400)
(1,796)
1,265
1,111
500
(500)
(525)
174
Totals
186,599
180,608)
1,796)
4,195
Fixed asset restricted fund:
Weston Building less depreciation
Clevedon Building less depreciation
48,292
136,098
(5,368)
(15,128)
42,924
120,970
Totsls
184,390
20,496
163.894
Unrestricted Funds
General Fund
276,131
649,386
(604,406
1,796
322,907
Total funds
460,521
835,985
805,510
490,996
18

Springboard Opportunity Group
Notes to the financial statements (continued)
For the
ear ended 31 Au
ust 2024
17
Purposes of restricted donation and grants funds
The Hunter Selection
Quartet Community Foundation
Quartet North Somerset Community Partnership
Quartet Community Foundation Stoke Park Group Friends Fund
Quartet Community Foundation Express Grant
BBC Children in Need
Garfield Weston Foundation
Global's Make Some Noise
Henry Smith Charity
Barbara Ward Children's Foundation
Portishead Nautical Trust
The Sir Jules Thorn Charitable Trust
The Medlock Charitable Trust
North Somerset Joint Health and Wellbeing Strategy
National Lottery Community Fund
National Lottery Awards for All
The King's Charitable Trust.
Tesco
Foyle Foundation
Alliance Homes Grant
Masonic Charitable Foundation
Hays Travel Foundation
Asda
Bauer Radio Cash for Kids
Bauer Radio Cash for Kids
The Grace Trust
The Michael Cornish Charitable Trust
Ford Britain Trust
Douglas Arter Foundation
Trees of the David
Leonard Laity Stoate Charitable Trust
Christmas Presents
Mead Vale Equipment
Family Practitioner
Subsidized Makaton 1 and 2
Summer Playscheme
Staffing (SEYP and EYP)
Running Costs
Support Grant Writing
Core Costs
Core Costs
SPARCS - supporting families with SEND
Core costs for Mead Vale
Core costs for Mead Vale
Playscheme
Staffing for Mead Vale
Senior Practitioner for a year at SW
Family Practitioner for a year at SW
IT for Weston
Core costs
Mead Vale Early Years Practitioner
Mead Vale Running Costs
for Attention Autism Training
Healthy snacks for 1 year
For 1 member of staff S&P at each centre
Stay and Play (6 months)
Amazon Fire tablets
Mentoring Costs
ipad for Playroom
Climbing set
South Weston Running Costs
Towards a climbing frame
18
Related party transactions
The trustees of the charity are not aware of any related party transactions in the reporting period.
19