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2024-03-31-accounts

THE SPRING CENTRE TRUST FUND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr P Prater
Mrs S Townend
Mr P Rudge
Mr M Warrior
Mrs D Nevin 0
Mr M Greaves
Mr A Pascoe
Mrs M Vaughan
Secretary Mrs E Beszterine Vegh
Charity number 1035546
Company number 02899123
Principal address Gardner House
Olympus Park
Quedgeley
Gloucester
Gloucestershire
GL2 4NF
Registered office Gardner House
Olympus Park
Quedgeley
Gloucester
Gloucestershire
GL2 4NF
Independent examiner Griffiths Marshall
Beaumont House
172 Southgate Street
Gloucester
GL1 2EZ
Bankers Lloyds Bank Plc
19 Eastgate Street
Gloucester
GL1 1NU

THE SPRING CENTRE TRUST FUND

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust’s governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”.

Objectives and Activities

The charity’s objects and principles continue to be “to provide relief for 'children in need' and to assist and promote disabled children, young adults, and their families to lead lives that are as normal as possible.”

We provide the following services for Gloucestershire children and young adults with disabilities and additional needs:

We design our services to encourage independence and the development of peer-to-peer relationships in an environment that is suitable for all users. Children enjoy sensory play, crafts, music and dance, animal therapy as well as outdoor activities at our specially equipped premises in Quedgeley, Gloucester. Young adults practise key life skills such as cooking, use of computers, social interaction and sport both at the Spring Centre and out in the local community.

Much of what we do is outside the scope of the support provided by the statutory sector. Staff work closely with local special schools, social and health workers, family support workers and GPs to determine the most appropriate care plan for each user so that they can achieve their full potential. The Spring Centre receives referrals from a range of sources including social services, special schools, other families as well as self-referral.

The trustees have paid due regard to the Charity Commissioner’s public benefit guidance.

Achievements and Performance

Thanks to an increased social media presence and local networking, services at the Spring Centre proved extremely popular during 2023/24, especially the Over 8’s Holiday Playscheme which was over-subscribed. Plans were also put in place for the expansion of the Young Adults Day Centre from four to five days a week, with future users attending taster sessions. This additional service was

originally due to be rolled out from Autumn 2023; however, the long-term illness of senior staff caused this to be postponed. The Centre is now supporting an increasing number of children and young adults requiring 1:1 support.

Community groups and schools continue to make use of the Spring Centre’s facilities, including the sensory room.

Various building improvements were made to the Centre and its playground during 2023/24. The Centre again benefitted from ‘community day’ support and donations of material and labour from local businesses. Assistance was provided with gardening, DIY jobs and painting and decorating of the premises.

The Board of Trustees was strengthened with the addition of a further trustee with skills and experience that complement those of existing trustees.

Further progress was made on a programme for digital transformation of the services, including upgraded equipment and online HR services.

An event to celebrate the 30[th] Anniversary of the Spring Centre as a registered charity was held at the Centre in February 2024 with local dignitaries in attendance.

Future Developments

The Spring Centre continues to work towards increasing the number of places available and to build connections with other Community organisations so as to meet the increasing demand for its services and use of its facilities.

The key objectives for the year 2024/25 are:

Financial Review

The Statement of Financial Activities shows a surplus in operations (Unrestricted Funds) of £23,389.

Operating income for the year increased from £123,263 to £187,166. Grant income included the Baily Thomas Charitable Fund £16,095 (£7937 allocated to 2024/25), Carers Legacy Fund £5,250, Gloucestershire Community Foundation – Main Grants £5,000, GCC Build Back Better Councillor Scheme £1,000. Donations of £27,754 received include: Rotary Clubs £2,800, Prima Dental £2,396, Spirax-Sarco £500.

The balance sheet shows that despite holding significant assets consisting mainly of the property, the trust has limited cash reserves. Further increases in staffing costs mean that the trustees will continue to face fundraising challenges.

Tangible Fixed Assets

Details of movements in fixed assets are shown in note 13 to the financial statements.

Reserves

We consider the present level of funding to be adequate to support the running of the trust for the near future. The trustees continue to review the level of reserves available to cover at least two months’ expenditure. However, we believe that tight financial control with a heavy emphasis on regular cash management and the production of management accounts is vital. This together with a strong focus on the submission and tight monitoring of the progress of grant applications is the most appropriate way to manage our financial position.

Investment Policy and Returns

Under the memorandum and articles of association, the charity has the power to make any investment which the trustees deem appropriate.

Risk Management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.

Income and expenditure are decided and approved in consultation between the management team and trustees.

The trustees monitor the income and expenditure at the monthly meetings. This enables them to:

Structure, governance and management

The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr P Prater Mr A Pascoe Mrs S Townend Mr P Rudge Mr M Warrior Mrs D Nevin Mr M Greaves

Every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as trustee, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.

All trustees are provided with copies of The Charity’s Trust Deed and latest accounts of the Charity.

New trustees are encouraged to read the Charity Commission guidance notes The Essential Trustee – “What you need to know, what you need to do”.

In addition, trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.

The Trustees meet every month to manage the charity’s affairs, when they are presented with reports from the Care Services Manager and Business Manager.

The charity’s organisational structure has three main areas: charitable work (provision of services, fundraising, and administration). It currently employs 13 members of staff.

Independent Examiners

The trustees have appointed Griffiths Marshall to act as Independent Examiners.

This report was approved by the Board of Directors and Trustees on 18[th] November 2024 and signed on its behalf.

Trustees Responsibilities in relation to the Financial Statements

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and its financial position at the end of that year.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees’ report was approved by the Board of Trustees.

Mr A Pascoe

Director & Trustee

16 December 2024

Charity registration number 1035546 Company regSslratlon numljer 02899123 (England and Wale51 THE SPRING CENTRE TRUST FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

THE SPRING CENTRE TRUST FUND LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mr P Prater Mrs S Townend Mr P Rudge Mr M Ivaiiior Mrs D Nevin Mr M Greaves MrA Pascoe Secretary Mrs E Be52terfne Vegh Charlty numbèr 1035546 Company numbor 02899123 Prlnclpal •ddr•ss Gardner House Olymws Park Quèdgèley Glouc&sler Gloucestershire GL2 4NF Reglstered olllce Gardn8r House Olymws Park Quedgeley Gloucester GIouc8Stershlr8 GL2 4NF Ind•pond•nt examlnor Griffiths Marshall 4th Floor Llanthony Wareh)use Thg Docks Gloueosl&r Glouce51ershiTe GL1 2EH Bankèrs Lloyds Bank PIC 19 Eaylgaie Street Glouc&stpr GL1 1NU

THE SPRING CENTRE TRUST FUND CONTENTS Page Trustees. Ipport Ind8p8ndent exatnlner's report Stslemenl of financial activlties Balance sheet Noles lo the flnan¢lal 81al8m8nl8 8-15

THE SPRING CENTRE TRUST FUND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 2024. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the trust's goveming docurnent, the CO￿panieS Act 2006 and"Accounlln9 and Reporting by Charilies. Slatetnent of Recomfflended Practi￿ applicable to chaiitie5 preparing their accounts in accordance ￿th th& Financial Reporting Standard applicable the UK and R8public ol Ireland IFRS 1021 leffecllve 1 Jamary 20191.. Objectives and activitie The ¢harlly'$ objects and prlnclpl8y conllnug to b8"lo provlcl8 rell&f lor'chlldr8n In need, and 10 8S85sl and promote dlgable children, young aduts, and their families lo lead lives that are as nar￿al as possible. Wè provide tha followng services lor Gloucestershire children and young adults with disabilities 8nd additional needs., After-school Club for childr9n agod 8+ durlng lorm-llmo Holieay PlaYsc￿me lor ¢hildren aged 8+ during school holidays, includinu day trips Ic>r the family Family sessions for pre.school children with paren151carers and slblings throughout the year Day C8ntre for young adutts ag8d 18 10 35 throughout tho year Advlt8 and support to par8nts and car8rs. Comtnunily $es$ions foi clildi¢n who can't acc¢s¥ edu¢alio Communlly s886lons for adults with learnlng dlsabllllle8 lo access our18cllltlas We design ¢ur services to encourage independence and the development of pe¢r-to-peer relationships in an environment that is $uit¥blg for all useis, Children enjoy s£n$ory play, crafts, rnu$iG and danGe, animal Ihgrapy as well as ouldoor aclivilieg l our specially equipped premises in Quedgeley, Gloucester. Young adults praclise key lrfe skills such a3 cooking, use ol computer5. social interaction and Sport both al the Spring Centre and out in the local comrnunily. Much of what we do is OLJtside th¢ scope of th¢ SLippori provided by th¢ slatutwy sector. Staff work closely wilh10¢o1 spe¢io1 schools, social and h6811h worker$. family support workers and GPS lo delemine lh8 mosl appropri81& cara plan for each user so that they can achieve their full potential. The Spring Centre receives relerrals from a range ol sources including social services, special schools, other families os well as sell-referral. The Trustees hav8 paid due regard lo the Charity Commlsslonar'8 publlc benafll guldanc8,

THE SPRING CENTRE TRUST FUND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevgments and perfomiance Thanks lo an increasad social media pres&n¢& and10¢81 naiworkino. servicas al th8 Spring Cenlrè provtsd extremely popul8r durin9 2023124, 8specially the Ov8r 8.8 Holiday Play8ch8me which was ov8r-subscrib8d. Plans w8r8 also put in plac8 for th8 expansion ol the Youn9 Adults Day Centre from lour io five days a %veek, with lulure users attending raster sessions. This additional service was originally due lo be rolled out frorn Aulurnn 2023.. however. 1he long-lerm illness of senior staff c4u5￿j this to be postponed. The Cenlre is now supporting an increasing number of children and young adults requiring 1..1 Support. Community groups and schools continue to make use ol the Spring Centr8's facili118s, induding the sensory room. Various building irnprok'emenl5 were rv8de lo the Cenlr8 and ils playground during 2023124. The Centre again b8nelilled fvarn 'cornmunily day wppc>rt and donations of rnalerial and labour from local husinesses. Assistance was provided with oardening, DIY jobs and painting end decoraling of Ihe premisos. The Board of Trustees was strengthened with the addition of a further trustee vrith skills and experience Ih8t complement those ol exi$ling trustees. Furthèr progross was mado on a prograrnmg for dl9lto1 tronsforrn¥llon of the $f rvlces, Induding up9radgd oquiprnenl and onlin8 HR s&rvices. An avenl lo calebrale the 30th Annivarsary ol the Spring Centre a8 a regi81gred charity w8s held al tha Ctrnlre in February 2024 with Iccal dignilarias in att8nd2nc8. Futur• D•v•lopm•nt8 Th8 Spring Centre is working towards incraasing th8 numb8r ol plac8s avallabl8 and to bulld connécfjons wllh 0lh•r Community oruanisalions. to meet thè increasino dèmand Irom childr8n and youno pwple In Glouceslershirè. The key objectives lor the year 2024125 are.. To continue IhB Spring Cenlre commitment to provide exceptional ser￿￿ and support for children and young adults with dis8bililies and addilir>nal needs To increase the Young Adults Day Centre servie Irom four to five days a week To upgrade the Spring Centre's ageing rninibuses • To continu# to build up th¥ financial strength ol th8 charity to •nabl¥ th Sprir)g Centr8 to b8 in a belt8r poS￿.0n to déal with unforeseen events and changes in Gc>vernmenl gmployment and Ilseal policies. Finan¢ial review Th8 Stalem8nt ol Flnanclal ACt￿lt18S Shows a surplus in op8rations of £23,389. Operating incotne for Ihg year increased frotn £123,263 10 £188,406. Grant income included the Bally Thomas Charitable Fund E16,0951£7,937 allocated to 20241251, Carers Legacy Funé £5,250, Gloucestershire Community Foundation Main Grants £5,000, GCC Build Back Beller Counallor sc1￿Me £1,000. Donations of £27.754 received in¢lude.' Rotary Clubs £2,800. Prirna Oental £2,396, Spirax-sarco £>OO. The balance sheel 5ho*s thal despite holding 5ignificarnl 88s81s consists'ng mainly Of the FKoperty, the trust has limited eash reserves. Futher incrtsases in Staffing costs m8an that the trustees will continu8 to face fundraising challeny85. Tanglble Flxed Assets Details of movements in fixed assets are shown in note 14 to the financial staternenls. Rg$grvo$ We con5id8r the pre58nl level ol funding to be ad8quale to support the running of th8 Tru51 for the near futur8. The Trust88S continue to review the ￿Ve1 of rese￿e5 avai18ble to cover at least Iwo rnonth5' 2xpenditure. However we believe that tight financial control with a heavy emphasis on weekly cash managemenl and Ihe production of managernent accounts is vilal. This together wth a strong focus on the subtnission and tight monittsrino ol the progress ol grant applirations is Ihe most appropriate way to manage our financial position.

THE SPRING CENTRE TRUST FUND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investment Pollcy and Rgturn5 Und8r the Memorandum and Articles of Assrtialion, thè charily has tha ptrwer to rnake any investm￿1 which the Trustees d88m appropriale. Rlsk Management The Trustees actively review Ihe major risks which the charity f8¢e$ on a regulor basis anrl believe that rnaintaining reser￿e$ at current levels, ¢orntineé with an annual review ol th8 Controls o'ier key financial systems. will provide sufficignl resources in the evenl of adverse conditions. Income and expendilur8 are decid8d and approved In consullation be￿￿een the Management Team and Trusle85. Th9 Tru$tee$ rnonitor Ihg incomg and expgnditure at Ihp tnonlhly tnBeling$. This enables Ihgrv lo.. Idtsnlify $1r6ngltX 8nd weaknesses in both Ihts monthly and 8nnual ptssilion. Through discussion and debate. determine any actions that are required. structure, govomanc• and managomgnt The charity Is ¢onstr'luled as a cornpany limited by 9uaranlee and is therefore governed by a Memor￿duM and articles of associats'on. The Irusltses, who are also Ihtt directors for the purpose of company law, and who 68Ned during the year and up lo the d81 of signatur8 ol the financial staternents wer•.. Mr P Prolar Irs S Townend Ir P Rudg8 Ir M Warrior Mrs D N8vlr Ir M Gregves Ir A Pascoe Irs M Vaughan (Resigned U September 20241 Every Trustee musl be appointed by o resoluiion possed 01 a properly Convened meetin9 of the ¢harily Trustees. In selecting individua15 lor appointmenl as Trustee, the Tru5tee5 must have regard to the skills, knowledge and experience n&sd9d for Ihg gffe¢llve admlnSslr8llon ol Ihtr charity. All Trustees are provided with Copies of Th& Charity's Trust Deed and late81 a<£c)unls of the Charity. New Tru$le•8 are encouragèd lo resd th# Charlty Cornrnlssion guldan¢e noltss The Essential Tru81&6-"Wh81 you nead 10 kn<)w, what you n##d to do" In addthon, Trustees arp encouraged lo Igad Charity Comtnissic)n and olhgr new$lettpi$ and lo allend courses designed to keep Ihem abreast of their duties and responsibilities. The Trustees rneel every montr lo manage the charity's affairs, when they are pres8nled with reporis from the Care Services Manager and Business Manager. The charity's organisatK)nal structure has three rnain ar&qs'. charitable work (provision of services. fundraising, and adrninistrationl. 11 CurT￿tIY employs 12 members of staff. Iiidependent Examlners The Trustees havo apFM)Inled Grwfilhs M8rsh811 lo act 8$ Indgpgnd9nt Examlners. This repr>rt ivas approved by the Board of Dire¢tors 8nd Trustees on 18th November 2024 and signed on its behalf.

THE SPRING CENTRE TRUST FUND TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustees R&sponsSbllitles In relatlon to the Flnanclal Statements Company Law requires the Truslogs to prepare financi81 slalemenls for 08eh linana81 ye8r whieh giv8 a tru8 and lair view of the finaNcial activities of th8 charity aNd its financial position at the 8nd of that year. The TIu5tees ar8 responsible lor keeping proper accounting records which disdose wilh r8asonabl• accuracy at any Ilm8 thè financial position of the charity and to enable them to ensure the financial statements Comply wilh the Companie5 Act 2006. They are also responsible for safe Juardlng lh8 assets of th8 company and lor laking r8asonable steps for th8 pr8ventSon and etects'on ol fraud and other irregularities. The trustees, report was approved by the B08rd of Trustees. Ir A Pascog Dlractor a TrustO0 16 December 2024

THE SPRING CENTRE TRUST FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SPRING CENTRE TRUST FUND I report lo the tru5lee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Th8 Spring Centr8 Trust Fund Ilhe Iru5tl for th8 year ended 31 March 2024. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho trusl land also its direck>rs Iof the purwses of company lawl you are responsible for the pr8paralion ol lh8 lina￿￿1 slal8m8n15 in accordanc8 with the r8quir8rn8nt5 01 lh8 Cotnpani85 Act 20J6 lthe 2006 Actl. Having satisfied myselllhal Ihe financial slalemenls of the trust are not required lo be audited under Part 16 of the 2006 Ad and are eligible lor independent exarninalion, I report in respect of my examination of the Irusl's financial stalervents carried out under section 145 01 Charities Act 2011 Ilhe 2011 A¢tl. In rarrying out my examination I have followed all U)$ applicablg Dlro¢1Sons glvgn by Ihg CharSty Commlssl¢n under se¢llon 145lSllbl ol Ihg 2011 A¢¢. Ind•p•nd•nt •xamln•r's stat•m•nt Slnce th8 Irusl'5 gross Income exceeded £250,000 your oxarninor must b8 a rnembor ol a body Ilsled in secllon 145 of the 2011 Act. I confimi that l am qualified lo undortaké the 8xamlnallon becaus8 l am a mgmber ol ICAEW. whlch Is on8 ol the listed bodles. I have completed my examinolion. I confirm Ih8t no maltprs have come lo my Otten￿'On in connection with the examination giving me ¢3us6 lo b&ligv& Ihal in any material resp8ct'. 8¢counling records were not kept in respe¢l of the Irusl as required by sè¢ty'tsn 386 01 2006 A¢t,' or the financial stalernent5 do not accord with those records., or the financial slalements do not comply with the accx)unting r8quirements ol section Jyb ol the 2UUb Act other than any requirement that the accounls give a true and fair view which is nol a matter considered as parl of an Independent oxamlnallon". or the financial 5talemenl5 have not been prepared in accordance with the melhods and principles of the Stslement ol Re¢Dmmended Practice for a¢￿untIng ond reporting by charities oppli¢oble lo ¢harili¢s preparin9 Iheir accouDt5 in accordance with the Finunool ReportitYJ Stondord applicable in the UK ond Rgpublic ol Ireland IFRS 1021. I have no conc8ms and have comè across no othèr matt8rs In connectlon wllh thè examlnatlon to whleh attentlon should be df8wn in this report in tsrder lo enable a proper undorsl8nding of Iho finarn¢ial stslemenls lo be re8¢h*A. Griffiths Marshall 4th Floor Llanthany Warohous8 The Oocks GIOLI￿ster Gloucestershlre GL12EH Dated,. 16 December 2024

THE SPRING CENTRE TRUST FUND STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted fur)d5 2Q24 Re5trictsd funds 2024 Totsl Unreslricled fun¢Js 2023 Restrldèd funds 2023 Totsl 2024 2023 Income from: Donalions and lega¢ioS Charilab18 xl1vh￿￿s 65,702 187,166 1,240 666 8,158 73,86D 187,166 1,24D 666 70,970 123,263 1,393 70.970 123.263 1,393 Other incorne Investments Total Incomè 254,774 8,158 262.932 195.628 19S,628 •ndltur• on: Ralslng funds 16,384 16,384 8,704 8,704 Charilablg ￿tIV￿.8S 217,118 6.041 223.1 $9 184,525 7,551 192.076 Total r•sour¢•8 Ixpgnded 233,502 6,041 239,543 193.229 7,551 200,780 Gross transfers between funds N•t Incomellexp8ndSturg1 for the yearl Net movem?nl in fundo 43.454 143.4541 21,272 2,117 23.389 45,853 151,0051 15,1521 Fund balances al 1 April 2023 97,217 436,250 533,467 51,365 487,255 538,620 Fund balanreg at 31 March 2024 118,489 438,367 558,856 97,218 436,250 533,468 The slalernenl of financial activities includes all g8ins and10sses re¢ognised in the year. The slalement ol financial activities includes all gains and losses recognised in the year. All income expenditure derive from Continuing aclivilies. The slatern&nl of flnancial acuvilies also complies wllh the requSremenls for an Income and expendllure account under the Cotnpani8s Acl 2006.

THE SPRING CENTRE TRUST FUND BALANCE SHEET AS A T 31 AIARCH 2024 2Q24 2023 Noteb Flx•d ass•ls Tangible assets Currènt a88•t8 Debtors Cash at bank and In hand 14 484,fj26 490,667 15 13,878 80,250 19,104 40,812 94,128 65,916 Cr•dilor8= amount$ f811ing du• within on• y•ar 16 121.8&71 123,1161 Nèt CLJrr8nt ass8ls 72,231 42.800 Total as8•ts1•88 currnnl Ilabllltl•s 556.857 533,467 In¢om$ fund$ Rostriclod lund5 Unresiricled funds 17 18 438.367 118.490 436,250 97,217 556,857 533,467 The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies A¢1 2006, lor tha yaar ended 31 M3rch 2024. The directors acknowledge their responsibilities lor complying with tre requirements of the Companies Act 2006 with respect lo accounts'ng rectsrds 8nd the preparation ol linonaal statements. Th8 membors have nol required the cornpany lo obtain an audit of rts financial slalements for the year in question in ae¢ordan¢e with section 476. Thesg financial slalements havtr L*en propargd in ac¢ordancg with the provisiuns applicable lo companies subjo¢1 to th¢ small companies regi￿￿. The finan¢181 $181ements were approvÉd by the Trusiees on 16 Decernber 2024 Ir A Pasctse Dlrector & Trust Company R•gislration No. 02899123

THE SPRING CENTRE TRUST FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Th8 Qpring Centi& Trust Fund is a private company limlled b>. guarant88 Incorporat8d in En9land and Wales, The r8glsterod officè Is Gardn8r Hous8, Olympus Park. Quedgolèy, Gloucest&r, GIouc85lershlrè, GL2 4NF. 1.1 Accounting conventlon Th& financial stalem&nts hav8 b88n pr8parèd in aceordanc& ivith lh8 trust'8 3rticl&s of a8sociation, Ihe Compani8s Act 2006 and 'A¢covnting and Reporiin9 by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Finanaal Reporting Slancjard applicat)le in Ihe UK and RepuLilic of Irèland IFRS 10211èft8CtIv8 1 January 20191" Thè trust Is a Publlc 8•nellt Entlty as d8lin8d by FRS 102. The Irusl has taken advantrfe of the provisions in th8 SORP for char￿.eS applying FRS 102 Update Bulletin 1 not lo prèpare a Statement ol Cash Flows. Th8 Ilnancial slalemenis ar6 prepared In 51erllng, which15 tho luncllonal currency ol th8 Irusl, Mon8lary amoun15 In th8sa linanclal stAlem8ntS 8 round8d to thè n8ar8st £. The linan¢i81 stalements have been prepared under the histori¢al ¢ost Conven￿'0n. The principol acoounting policies adopl&d are s&1 out below, 1.2 Going conc•m Vve have conlinuad to prepare the accounts on a going concern basis and deern this appropriate. We do not consider Ihat a material uncertainty about oiir going concern status currently exisls. In making this assessrnent we have consldered the Ilkoly Iradlng condlllong for 8 p$rlod of Iwalve months fron Ihg dale of our approval ol thasg 8ccount8, 1.3 Charltable fund¥ Unr851ricled funds are avallable for use at the discretion ol the Irusletrs In furthor8nca of Ihelr charitable oblecllveg. R8$lrl¢tod funds are subled to 8pe¢rfle ¢ondillons by donors Qr grantors as to how they may be us•d. The purptssa8 and uyeg ol th& rastricted funds 8re sel out in th8 nolas lo th8 lin8na81 s18t8rnenls. Endowment funrls are subject lo specific conditions by donor$ that the capital mu81 be maintained by the Iiust. 1.4 Ineorno Income is recognised when the trust is legally entitled to il after any performawe conditions have been mel, the amounts Can b8 7)easured reliably, and il is probable that incorne will b8 r6ceived, Cash donations are r8cogni38d on receipt. Other donations ar8 recognis8d once the trust has been notified of the donation, unlèss ptrrtttrmancè conditions r•quir• d&ftrrral of th8 amount. Incom& tax ￿L￿v￿rabl in rèlation to donations received under Gift Aid or deeds of covenant is reco9nised al Ihe tirne of the donati￿. Legacies are recognised on receipt or othe￿138 il the trust has been nolilied of an impending dislributs'on, the amount is known, and receipt is exp&cted. 11 Ihe amount is not known, the legacy is treated as a conlingÈnl assel.

THE SPRING CENTRE TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl 1.5 Expendituro Expenditure Is r￿Orded on the accruals basis and liabilities are included when the legal obligalion has been e￿ated. Expenditure in tharitable acliwlie5 represents the costs inGurred in carrying out the charitable objective5 01 Ihe project. Managgment msts rgprgsgnl the cost ol ggneral adrninistralion lundions of Ihg charily Basis of apporticnment of expenditure.. Statt rA)sts are allorated on a basis of lime spent on each rAtegory of activity. Promise5 costs are allocalcd by floor area usod lor the actiwly. Deprecia￿'On provision is allocated on tre basis ol use of the a55els, l olher overheads are allocated lo projects as a percentage ol direct expenditure. As a regisl8r8d charity, the aGlivili85 arg gen8rally excempt IrDrll InGotn? Ta¥ and C3pilal Gains Tax in Ggnn8ction with its direct charrtable purpose, As the charity is not VAT registered this mean5 all expenses are recorded inclusive of VAT. 1.6 Tangible lixed Tangible fixed ass61$ arts inrtially mèasurèd al ¢osl and sub8equenly measured at ¢osl or valuation, nttl ol dèpr8ciation and any impairm8nt losses. Dgpro¢1olion Is r9¢0gnlsgd 50 ag lo wrllg off lh9 CO91 or vgluallon ol 0$$91s1g$s Iholr rgslduol valugs ovfrr IhgSr usglul Iivgs on Ihe following baseS'. Freehcsld land and buildings Fixluras and fillings Motor vehicl8S 20010 reducing balan 25Qh straight line Th8 gain or loss arSsing on th• disposal ol an asset is dot•rmin•d as the differenc8 b8lw8en th8 salé proc88ds and the carrying value of Ihe asset, and is reGognised in th8 slatetnerrt of financial activities. 1.7 Impairment of r￿ed atssets Al each reporting end date, the Irust reviews thè ¢arrylng amounts of Its tangible 8ssets lo detemlne whether therè is any indication that thos8 ass8ls have suffered an impairment loss. 11 any such indication exists the recoverabl8 amount ol the ass8115 e51itnaled in order lo delerrnine the exlenl ol the impairment1055 (if any). 1.8 Cash and cash ?quivalent5 Cash and cash equival8nls Include rash in hand, dep051ts held at call wth bank5, olher short-lertn liquid Investtnents wilh original maturities of three months or less, and bank overdrafts. Bank overdrjrts are shown within borrowings in currgnl liabilthès. 1.9 Flnanclal Snstrurn•nty The Irusl has e16rled to apF4y the provigions ol Section 11 'Basie Financial In8trumenls' and Section 12 '0iher Financial Instrutmenls Issues, of FRS 102 to all of its financial instruments. Financial instrurnents are recognised in the trust's balance sheet when the trust becomes party to the conlractual provisions of the instrument. Financial agsels and liabilities are offset. with the net amounts presented in the financial Slaternenls. when there is a legally ènforceable right to set off recognised amountB and there IB an inl8ntion to s&ttl& on a nèt basis or to r&ali88 Iho asset and sellle the liablity sirnullaneously.

THE SPRING CENTRE TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl Basie financial •J*ets Basic financial assets, which include debtors and cash and bank balenc£s, are inili£lly meaSU￿d at transaction price induding Iransadion wsts and are subsequently ¢arrigd at amortis8d ¢osl using th& 8ffe¢tivg inlertrst method unless the arrangement constitutes a linanGing Iransaclion. where the transaction is rnea5ured al the present value of the future re￿ip1S discounted al a rnarkel rate of interest. Financk?l assets classified as receivable within one year are not amorti99d. Basic financial liabilities Basic finanei81 liabilities. inclLJding credilors and bank loans are initially recognised ot transa¢lion pri¢e unless the arrangement conslilut8s a financing transaction, where the debt inslrumenl is measured al th8 present value ol the future payments discounted at a market rale ol interest. Financial liabililies classified as payabl8 within on8 year ar8 not amortis¢d. Debt Instruments ar8 subs8qu8ntly cari18d al arniYtiS8d cost, using th8 eff8ctiv• Int8r8sl ratè m8thod. Trade tt8dilors are obligations lo pay for goods or servic88 Ihal have been acquired in the ordinary course ol opèrations from suppllars. AmoLJnts paiablè are cL4sslflèd as curr8nt Ilablllll8s11 paym8nt Is dLJe wbthin oné yèar or less. 11 not, they are prtsentsd as non-tur￿ntl1&bllille$. Tr8de ¢redilor$ are recognlsed Ini118lly al irans8¢1itsn price and subsequently measured at amortlS8d cDsi using th8 effective inler8sI rnelhod. DwKognlilon ¢lflnan¢l•l Ilabllltles Financial liabilitr'es are derecognised when the trust's contractual obligaliDns expire or are discharged or cancelled. 1.10 Employ•• b•n•flts The cost of any unus8d holiday 8nlillemenl is re￿niSed in the period in which tho 8mploy88'S 8ervic68 are received. Teminalion b&n¢fils are recognisod immediately as 8n expense when the trust Ss demonslr8bly wmmilled to terminate the employment ol an employee or to provid8 termination benefits. Crltl¢g1 a¢¢ounllng g$tlmalg$ and ludggmgnts In the 8pplicatr.on of the trust's 8¢¢ounling policies the Iruslees are reqUI￿d lo make iudgemenls, eslim8les and assumptions about the carrying amount of assets and liabilities thai are not readily appareni from other sources. The estirnates and associated assumptions are based on historical experien￿ and other factors that are considered to be relevant. Actual ie8u119 may differ from Ihgse esllm8tos. The eslimales and underfying Bssumptions are reviewed on an ongoing basis. Revisions to accounling estimates are rocognlsed in the pgrlod In which the e$llmalg is revlsed where the revl8i)n affects only Ihal perlod, or In the porlod ol the revision and lulure perI￿S where the revision affects both current arKI future periods. 10-

THE SPRING CENTRE TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlong and legacles Unrestricted funds 2024 Restricted funds 2024 Tot81 Unre8trict•d funds 2023 Re8trieted funds 2023 Tot81 2024 2023 Donations and grfts Gran18 29.125 36.577 25,390 45,580 8,158 44,735 45.580 65.702 8,158 73,860 70,970 70,970 Ineomo from eharltable actlvltlès Unrestrlcted funds 2024 Unrestrlcted lundg 2023 AdLJIt sèNIcès Childien serVI￿S Oth8r income 112,639 72,969 1,558 84,447 38.623 193 187,166 123,263 In¢om• from oth•r trading a¢tiviti•$ Unrestricted Unrestricted funds lunds 2024 2023 Fundroisin9 evenls 1,240 1.393 In¢om• from Inv•stment$ lJnr86tricted Unrestrictsd lund5 lunds 2024 2023 Interesl receivable 666 11

THE SPRING CENTRE TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ralslng funds Unrestricted Unr8Strict8d funds funds 2024 2023 Fundraisln and ubllcil Other luiidraising cubts Slaff casts 2,220 14,164 2,220 6.484 Fundralsln9 and publlclty 16,384 16,384 Ch•rit•ble Irtivities 2024 2023 Slaff costs Direcl 8xp8ns8s Marketing & advertising IT software & consumables, prfnllng & sialionery General expenses Insuranc9 Light, he81, water S $6wag Motor & trav81 Ratès Repairs & rllaint&nance Bank charges & Inter8$t Telephone 110,877 10,108 805 6,177 5,650 4,017 6,718 4,874 3,942 12,860 340 3,683 110,405 9,627 1,307 3,487 3,139 4,281 8,587 2,785 170,051 145,478 Share of support costs (S￿ note 91 Share of management cosls (see note 91 6,041 47,067 7.551 39,047 223,159 192,076 AnatysS8 by fund Unr8slric18d funds Restricted funds 217.118 6,041 184,525 7,551 223,159 192.076 12-

THE SPRING CENTRE TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support CQSts Management costs 2024 Support wsls Management costs 2023 Staff costs Depreciation 44,169 44,168 6,041 36,175 36,175 7,551 6.041 7,051 Accountancy Payroll lèes 1,800 1,099 1,800 1,099 1,800 1,074 1.800 1,074 6.041 47,068 53,108 7,)51 39,049 46,600 Analysèd b8tw88n Charitable activities 6,041 47.067 53,108 7,551 39,047 46.598 Monagemenl w$is In¢luJes pgyrnpnis io the o￿Ountan15 of £1,80012023- £1,aoo for In¢ependonl exomlnallon fees 10 Net movement in funds 2024 2023 Tha n81 mov8m8nl In funds Is stai8d after charglngllcr•diiingl'. F88s payablè lor tha Indèp8nd8nt examlnatlon of Ihè charfty's flnanclal slat8m&nt8 1,800 6,041 Depreciation of owned tangiblè fixed a$s•ls 7,551 11 Tru8t9•8 None ol tho Irustaes lor any person8 connected wllh them) rocelvod any remun&railon or benoflts from the Irusl durlng the year. 12 Employms The average monthly number of employee5 during the year ￿85.. 2024 Numbgr 2023 Numbor 12 Employment ¢0915 2024 2023 Wages and sa18ries 169,209 153,W There were no e￿ployeeS whose annual rernuneraiitsn was more Ihan £60,000. 13-

THE SPRING CENTRE TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Taxatlon The ch8rity 1$ eJ¢empi from t8X8lion on its 8ctivitie$ be¢8use ell its ineorn& is 8pplied for eh8rit8ble purposes. 14 Tanglbl• flx•d a5s9ts Frèèhold land and buildings Fixtur•5 and Motorvèhitl litlingts Total Cost At 1 ￿Pri1 2023 460,464 1>4,023 41,991 656,478 At 31 March 2024 460,464 154,023 41,991 656,478 Depreclatlon and Impalrment At 1 Npril 2023 Depreciation charged in the year 123,820 6,041 41.991 165,811 6,041 At 31 March 2024 129,861 41,991 171,852 Carrylng amount Al 31 March 2024 460,464 24,162 484.626 At 31 Mar¢h 2023 460,464 30,203 490,66T 15 D•btor8 2024 2023 Amounts falllng due wlthln one year.. Trade debtors Prepaymentg and accrued Income 1,172 12.706 3.585 15,519 13.878 19.104 16 Credllors., amoun18 falllng due wlthln on• y*ar 2024 2023 Oihgr taxatinn and Rarial 89.rurity Trade creditors AccrLJals and deferred Income 5,849 14.055 2,519 18,600 21,897 23,116 14-

THE SPRING CENTRE TRUST FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 R•strlcted funds The restrieted funds of the therity eornprise the unexpended bal8nces ol donotion$ and 9r8nts held on trust Subjeet to specific conditions by donori as to how Ihey rnay be used. At 1 April 2023 Incoming rosourcog R•8our¢os •xpènded Transfèrn At 31 March 2024 428,699 7,551 8,158 16.0411 430,816 7,551 R¢stri¢led fund5 436.250 8,158 18,0411 438,367 Pr•vlous y•ar'. At 1 Aprll 2022 Incomlng rg$our¢fj$ R•sourc•3 •xp•nd•d Transf•r8 At 31 March 2Q23 Restricled fund5 487.255 17.5511 143,4541 436.250 18 Unrastrlcted furhds The unreslricled funds of the charity comprise the unexpend8d balances ol donations and grants which are not subject lo specific ¢Dndilions by donors and 9ranlors as lo how they may be used. These iwlude designated funds which have be&n 8el asida out of unreslricied lund$ by Ihts Irusl80s for specific purpo$88. At 1 April 2023 Incoming rgsour¢8$ R•8tsure•8 oxpènd•d Trin¥fer8 At 31 March 2024 General funds 97,218 2S4,774 1233,5021 118,490 Prevloug year: At 1 Aprll 2022 Incomlng r•$ourc•$ Resources •xp•nd•d Transfers At 31 March 2023 Genero1 funds 51,365 195.628 1193,2291 43,454 97,218 19 Rolatèd party tran$a¢tlon$ There were no disc1053ble related party tran5action5 during the year12023- none). 15-

This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.

THE SPRING CENTRE TRUST FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SPRWG CEKfRE TRUST FUND I re￿rt to Ih tnAtea8 on my •￿Th￿natIon of flnandol statrnib 01T￿ Sprfny Contro Trt￿l Fund (the Irul Icq the arfjndod 31 MBfch 2024. R••pon•lbllltl•• •nd b•￿¥ rf r•port As th• trvB¢o•8 oftho IIu81 (and 8110 ts diT8¢knrs ftylho PLWPQBgB ofcorry>any oro roBponJlbl• for paral￿ Df the fina￿81 8tatwn•nt8 In xcordance wtth lh8 r•wirgrnents of the Componlg3 Act 2006 Ilho 21x6 Ad}. H•thg 8Ot16fietJ rnysg11tho1 Ihg flrnncl818ts1om¢nts oftt tru818rè not reqU￿j to bè Judlod undgr Port 16 of the 2006 Act and ar• •ligl¥e for Indopend•nt •xarvinatr)n. I repjrt kn 108pacad my •xarnlnatkJn of tru#t' ￿n#￿41 Stalemer cathad undèr sectknn 14S of CtharftlesAct 2D111th•2011 Adl. lfi carry￿0 out my axamlnaijon I have folMd lh• ap￿k17th ￿T0¢110n8 ￿Van by Ihè Ch8rty Cornnl88lon ￿dfjr wXh)n 145{5llbl ofth• 2011 A¢L Ind•p•nd•nt •x•mln•rfB •tst•m•nt tru8Y8 gross irwig 9￿09d•￿ £250.thXI y￿r0￿MIn￿ mu b• a rn•n¥J•rtsl i boty11gt•d In 80¢1kn 140 of 2011 #. I confim that l qu4iifi•d to ￿￿￿rtake th exarnlnaljon l am a rnornber ol IGAEW. whlch IB on• of the118t•d bodai. I ha￿ C￿rIe1•d my 6xarnln4Uon. l eonfirni Ihal no h8v8 ￿rne to rny att•ntJon In ¢onn•donwlth the mhatlon glvlng m¥ ¢gw• lo bdhv• IhAI Any nwl•rlal Iv8p•LI'. •¢wunUng records werg not k¢pl In reEpecl oltt4 Irusl 88 requlred by qedon 3a6 of th8 2CQg Atr, or Inanoljl 8tatam•nt8 th not ac￿1￿ lth I￿8 records., th8 6ratsrngrrt8 th) not comF4y ￿1h Ihe xirJunllng rewlrqfflgnts DI s•cton Jyil of Ino 2UViI Act otMrlh8n any rwuirernenl that th• acCAi￿th a tnje &id lair ¥l#w w1￿h Is ￿1 e motter wildeTed 28 part of bn INI•p8ThJ&nt oxamln4llon.' or the lknandal Blaloments hav• r#)t teen preparnd In A￿)rday￿e wllh lh• methods and prlndples of1h• Slatsm•nl of Rèts)mmendod Prxll¢• for acixJun￿n9 ropthig by chrttle8 •PF4k•￿t to ¢harthi prèparfw I aCUUt)t• In o<yJovd4n¢o wthh th• Rewbng 8tandoftl8ppkuble h th• UK and R•pubMtt ol Ir•land (FR8 1021. I hav• no ¢¢ne•m# 8nd hgv8 QEYn• 8cnJ99 no othèr mBlt•rs In connècUon wfth th• gxamlnJdon to whlch att•nlk•n 4￿Uld be drgwn In th18 ￿Port in wdgr to en1• a rry)gr ￿dersta￿ ofthg fin8nclal 8ta18rn￿ts lo bo re8c*J, Grfffiths M0rnhg11 4th Floor Llanthony Wor•1 Tho Dock8 Glouc￿tOr Glou￿tar￿1f• GLI 2EH Dat8d.' 18 0?￿mb•r 2024