OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Spring Centre Trust Fund

2025-03-31-accounts

Charity registration number 1035546 (England and Wales)

Company registration number 02899123

THE SPRING CENTRE TRUST FUND

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

THE SPRING CENTRE TRUST FUND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr P Prater
Mrs S Townend
Mr P Rudge
Mr M Warrior
Mr M Greaves
MrA Pascoe
Secretary Mrs EBeszterineVegh
Charity number (England and Wales) 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
4th Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH
Bankers LloydsBank Plc
19 Eastgate Street
Gloucester
GL11NU

THE SPRING CENTRE TRUST FUND

CONTENTS

Page Trustees’ report 1-4 Independent examiner's report 5

Statement of financial activities 6 Balance sheet 7

Notes to the financial statements

8-16

==> picture [192 x 9] intentionally omitted <==

----- Start of picture text -----
THE SPRING CENTRE TRUST FUND
----- End of picture text -----

==> picture [263 x 10] intentionally omitted <==

----- Start of picture text -----
TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT)
----- End of picture text -----

==> picture [184 x 8] intentionally omitted <==

----- Start of picture text -----
FOR THE YEAR ENDED 31 MARCH 2025
----- End of picture text -----

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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:

© Community sessions for adults with learning disabilities to access our facilities

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 again proved extremely popular during 2024/25, especially the Over 8's Holiday Playscheme which was over-subscribed. The Young Adults service was extended from four to five days a week as planned. The Centre continues to support a significant number of children and young adults requiring 1:1 support.

Several community groups and schools are now making use of the Spring Centre's facilities, including the sensory room and playground.

Various improvements have been made during 2024/25 to Gardner House, the building owned by the Spring Centre Trust Fund where the Centre is based. These include completion of the upgrade to the playground. A substantial upgrade was carried out to extend the service life of the charity's two elderly minibuses.

The Centre also 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.

==> picture [14 x 7] intentionally omitted <==

----- Start of picture text -----
-1-
----- End of picture text -----

==> picture [192 x 9] intentionally omitted <==

----- Start of picture text -----
THE SPRING CENTRE TRUST FUND
----- End of picture text -----

==> picture [329 x 26] intentionally omitted <==

----- Start of picture text -----
TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
----- End of picture text -----

Future Developments

The Spring Centre continues to work towards increasing the number of places available and to build connections with other Community organisations to meet the increasing demand for its services and use of its facilities. The key objectives for the year 2025/26 are:

==> picture [405 x 44] intentionally omitted <==

----- Start of picture text -----
* To continue the Spring Centre’s commitment to provide exceptional service and support for children and young adults
with disabilities and additional needs
To develop and launch weekend services for children and young people who have limited local opportunities for social
interaction and respite care
----- End of picture text -----*

==> picture [365 x 18] intentionally omitted <==

----- Start of picture text -----
* To maintain the financial strength of the charity to enable it to deal with unforeseen events and changes in
Government employment and fiscal policies.
----- End of picture text -----

Financial review

==> picture [335 x 8] intentionally omitted <==

----- Start of picture text -----
The Statement of Financial Activities shows a surplus in operations (Unrestricted Funds) of £49,593.
----- End of picture text -----

Operating income for the year increased from £189,072 to £249,891. Grant income included Gloucestershire Community Foundation — Main Grants Programme £5,000; Free Hospitals Trust Fund £4,300 for refurbishment of the minibuses; Mayfield Home Trust £3,700, Gloucestershire Disability Fund £2,900 and Quedgeley Town Council £1,450 for completion of the playground upgrade; and The Barbara Ward Children’s Foundation £8,000 (carried forward to 2025/26} for replacement of sensory room equipment. Donations of £37,398 received in 2024/25 included £6,665 from Gloucestershire Rotary Clubs and Masonic Lodges and F Nathu £1,600.

The balance sheet shows that the charity held healthier cash reserves at the end of 2024/25 than in recent years. This is largely due to the greater number of users of both Children and Young Adults services, particularly the popular Children’s Holiday Club. However, significantly higher operating costs in 2025/26 (due to increases in the National Living Wage and Employer National Insurance contributions) mean that the trustees will continue to face fundraising challenges.

==> picture [80 x 8] intentionally omitted <==

----- Start of picture text -----
Tangible Fixed Assets
----- End of picture text -----

==> picture [287 x 6] intentionally omitted <==

----- Start of picture text -----
Details of movements in fixed assets are shown in note 14 to the financial statements.
----- End of picture text -----

Reserves

The trustees regularly review the level of financial reserves available and consider the present level af funding to be adequate to support the running of the trust for the near future. However, we recognise that tight financial control, together with a strong focus on growing the number of service users and making successful grant applications, is the most appropriate way to manage the charity’s financial position.

==> picture [421 x 78] intentionally omitted <==

----- Start of picture text -----
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 adequate
financial reserves, combined with an annual review of the controls over key financial systems, will provide sufficient resources
in the event of adverse conditions.
----- End of picture text -----

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 therm to: * Identify strengths and weaknesses in both the monthly and annual position.

==> picture [14 x 7] intentionally omitted <==

----- Start of picture text -----
-2-
----- End of picture text -----

THE SPRING CENTRE TRUST FUND

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

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

Mrs S Townend

Mr P Rudge

Mr M Warrior

Mrs D Nevir (Resigned 15 September 2025)

Mr M Greaves

Mr A Pascoe

Mrs M Vaughan {Appointed 13 October 2025 and resigned 30 November 2025)

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 12 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 24 November 2025 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.

==> picture [14 x 7] intentionally omitted <==

----- Start of picture text -----
-3-
----- End of picture text -----

THE SPRING CENTRE TRUST FUND

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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

Mr A Pascoe

Director & Trustee

15 December 2025

-4-

==> picture [192 x 9] intentionally omitted <==

----- Start of picture text -----
THE SPRING CENTRE TRUST FUND
----- End of picture text -----

==> picture [403 x 534] intentionally omitted <==

----- Start of picture text -----
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE SPRING CENTRE TRUST FUND
| report to the trustees on my examination of the financial statements of The Spring Centre Trust Fund (the trust) for the
year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the trust (and alsa its directors for the purposes of company law), you are responsible for the
preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the trust are not required to be audited under Part 16 of the
Companies Act 2006 and are eligible for independent examination, | report in respect of my examination of the trust's
financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination | have
followed the Directions given by the Charity Commission under section 145({5){b) of the Charities Act 2011.
Independent examiner's statement
Since the trust's gross income exceeded £250,000, the independent examiner must be a member of a body listed in
section 145 of the Charities Act 2011. | confirm that | am qualified to undertake the examination because | am a member
of ICAEW, which is one of the listed bodies.
| have campleted my examination. | confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the trust as required by section 386 of the Companies Act 2006.
2 the financial statements do not accord with those records; or
3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act
2006 other than any requirement that the financial statements give a true and fair view, which is not a matter
considered as part of an independent examination; or
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial
statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102).
| have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Griffiths Marshall
4th Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH
Dated: 15 December 2025
----- End of picture text -----

==> picture [14 x 7] intentionally omitted <==

----- Start of picture text -----
-5-
----- End of picture text -----

THE SPRING CENTRE TRUST FUND

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 36,785 22,287 59,072 65,702 8,158 73,860
Charitable activities 4 243,988 - 243,988 187,166 - 187,166
Other income 5 4,398 - 4,398 1,240 - 1,240
Investments 6 1,505 - 1,505 666 - 666
Total income 286,676 22,287 308,963 254,774 8,158 262,932
Expenditure on:
Raising funds 7 21,824 - 21,824 16,384 - 16,384
Charitable activities 8 215,259 27,708 242,967 217,118 6,041 223,159
Total resources
expended 237.083 27,708 264,791 233,502 6,041 239,543
Net incoming/{outgoing)
resources before
transfers 49,593 (5,421) 44,172 21,272 2,117 23,389
Gross transfers between
funds (39.013) 39,013 - - - -
Net income for the year/
Net movement in funds 10,580 33,592 44,172 21,272 2,117 23,389
Fund balances at 1 April
2024 118.489 438,367 556,856 97,218 436,250 533,468
Fund balances at 31
March2025 129,069 471,959 601,028 118,490 438,367 556,857

The statement offinancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

-6§-

THE SPRING CENTRE TRUST FUND

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 14 494 477 484,626
Current assets
Debtors 15 20,559 13,878
Cash at bank and in hand 104,900 80,250
125,459 94,128
Creditors: amounts falling due within one 16
year (18,907) (21,897)
Net currentassets 106,552 72,231
Total assets less current liabilities 601,029 556,857
The funds of the trust
Restricted income funds 18 471,959 438,367
Unrestricted funds 19 129,070 118,490
601,029 556,857

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 15 December 2025

Mr A Pascoe

Director & Trustee

Company registration number 02899123 (England and Wales)

-7-

==> picture [192 x 9] intentionally omitted <==

----- Start of picture text -----
THE SPRING CENTRE TRUST FUND
----- End of picture text -----

==> picture [194 x 26] intentionally omitted <==

----- Start of picture text -----
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
----- End of picture text -----

==> picture [92 x 8] intentionally omitted <==

----- Start of picture text -----
1 Accounting policies
----- End of picture text -----

Charity information

==> picture [419 x 556] intentionally omitted <==

----- Start of picture text -----
The Spring Centre Trust Fund is a private company limited by guarantee incorporated in England and Wales. The
registered office is Gardner House, Olympus Park, Quedgeley, Gloucester, Gloucestershire, GL2 4NF.
1.1. Accounting convention
The financial statements have been prepared in accordance with the trust's articles of association, 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)". The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to
prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in
these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies
adopted are set out below.
1.2 Going concern
We have continued to prepare the accounts on a going concern basis and deem this appropriate. We do not consider
that a material uncertainty about our going concern status currently exists. In making this assessment we have
considered the likely trading conditionsfor a period of twelve months from the date of our approval of these accounts.
1.3. Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to spscific conditions by donors that the capital must be maintained by the trust.
1.4 Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the
amounts can be neasured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the
donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to
donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount
is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
-8-
----- End of picture text -----

THE SPRING CENTRE TRUST FUND

==> picture [261 x 26] intentionally omitted <==

----- Start of picture text -----
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
----- End of picture text -----

==> picture [92 x 9] intentionally omitted <==

----- Start of picture text -----
1 Accounting policies
----- End of picture text -----

==> picture [42 x 9] intentionally omitted <==

----- Start of picture text -----
(Continued)
----- End of picture text -----

==> picture [416 x 170] intentionally omitted <==

----- Start of picture text -----
1.5 Expenditure
Expenditure is recorded on the accruals basis and liabilities are included when the legal obligation has been created.
Expenditure in charitable activities represents the costs incurred in carrying out the charitable objectives of the project.
Management costs represent the cost of general administration functions of the charity
Basis of apportionment of expenditure:
- Staff costs are allocated on a basis oftime spent on each category of activity.
- Premises costs are allocated by floor area used for the activity.
- Depreciation provision is allocated on the basis of use of the assets.
- All other overheads are allocated to projects as a percentage of direct expenditure.
As a registered charity, the activities are generally excempt from Income Tax and Capital Gains Tax in connection with
its direct charitable purpose. As the charity is not VAT registered this means all expenses are recorded inclusive of
VAT.
----- End of picture text -----

==> picture [418 x 310] intentionally omitted <==

----- Start of picture text -----
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful
lives on the following bases:
Freehold land and buildings Nil
Fixtures and fittings 20% reducing balance
Motor vehicles 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the
carrying value of the asset, and is recognised in the statement of financial activities.
1.7. Impairment of fixed assets
At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is
any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable
amount of the asset is estimated in order to determine the extent of the impairment loss {if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments
with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in
current liabilities.
1.9 Financial instruments
The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual
provisions of the instrument.
----- End of picture text -----

==> picture [396 x 29] intentionally omitted <==

----- Start of picture text -----
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.
----- End of picture text -----

==> picture [14 x 7] intentionally omitted <==

----- Start of picture text -----
-9-
----- End of picture text -----

THE SPRING CENTRE TRUST FUND

==> picture [261 x 10] intentionally omitted <==

----- Start of picture text -----
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
----- End of picture text -----

==> picture [184 x 8] intentionally omitted <==

----- Start of picture text -----
FOR THE YEAR ENDED 31 MARCH 2025
----- End of picture text -----

==> picture [92 x 9] intentionally omitted <==

----- Start of picture text -----
1 Accounting policies
----- End of picture text -----

==> picture [43 x 9] intentionally omitted <==

----- Start of picture text -----
(Continued)
----- End of picture text -----

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recagnised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 2 Critical accounting estimates and judgements In the application of the trust’s accounting policies. the trustees are required to make judgements, estimates and assumptions abcut the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

==> picture [17 x 7] intentionally omitted <==

----- Start of picture text -----
-10-
----- End of picture text -----

THE SPRING CENTRE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 37.398 - 37,398 29,125 - 29,125
Grants (613) 22,287 21,674 36,577 8,158 44,735
36,785 22,287 59,072 65,702 8,158 73,860
4 Incomefromcharitable activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Adult services 161,616 112,639
Children services 80,521 72,969
Otherincome 1,851 1,558
243,988 187,166
§ Income from other trading activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 4,398 1,240
6 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interestreceivable 1,505 666

-11-

THE SPRING CENTRE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Otherfundraising costs 2,220 2,220
Staff costs 19,604 14,164
Fundraising and publicity 21,824 16,384
21,824 16,384
8 Charitable activities
2025 2024
£ £
Staff costs 113,546 110,877
Depreciation and impairment 3,392 -
Direct expenses 10,779 10,108
Marketing & advertising 66 805
IT software & consumables, printing & stationery 4,022 6,177
General expenses 7,098 5,650
Insurance 5,947 4,017
Light, heat, water & sewage 5,760 6,718
Motor & travel 2,624 4,874
Rates 3,842 3,942
Repairs & maintenance 11,208 12,860
Bankcharges& interest 220 340
Telephone 5,093 3,683
173,597 170,051
Share of support costs {see note 9} 5,629 6,041
Share ofmanagement costs (see note 9} 63,741 47,067
242,967 223,159
Analysis by fund
Unrestricted funds 215,259 217,118
Restricted funds 27,708 6,041
242,967 223,159

-12-

THE SPRING CENTRE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

==> picture [421 x 157] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |9|Support|costs| |Support|costs|Management|2025|Support|costs|Management|2024| |costs|costs| |£|£|£|£|£|£| |Staff|costs|-|59,354|59,354|-|44,168|44,168| |Depreciation|5,629|-|5,629|6,041|-|6,041| |Accountancy|-|2,370|2,370|-|1,800|1,800| |Payroll|fees|-|2,017|2,017|-|1,099|1,100| |5,629|63,741|69,370|6,041|47,067|53,109| |Analysed|between| |Charitable|activities|5,629|63,741|69,370|6,041|47,067|53,108|

----- End of picture text -----

Management costs includes payments to the accountants of £2,370 (2024- £1,800 for independent examination fees.

==> picture [420 x 72] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |10|Net|movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for|the|independent|examination|of the|charity's|financial|statements| |2,370|1,800| |Depreciation|of owned|tangible|fixed|assets|9,021|6,041|

----- End of picture text -----

11 ~—s-Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

12 Employees

The average monthly number of employees during the year was:

==> picture [399 x 148] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |Number|Number| |Employees|12|12| |Employment|costs|2025|2024| |£|£| |Wages|and|salaries|184,448|169,209| |Social|security|costs|5,370|-| |Other pension|costs|2,686|-| |192,504|169,209|

----- End of picture text -----

-13-

THE SPRING CENTRE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12. Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

13. ‘Taxation

The charily is exempt from taxalion on ils activilies because all ils income is applied for charitable purposes,

14 Tangible fixed assets

14 Tangible fixed assets
Freehold land Fixtures and Motor vehicles Total
and buildings fittings
£ £ £ £
Cost
At 1 April 2024 460,464 154,023 41,991 656,478
Additions - 10,584 8,288 18,872
At 31 March 2025 460,464 164,607 50,279 675,350
Depreciation and impairment
At1 April 2024 - 129,861 41,991 171,852
Depreciation charged in the year - 6,949 2,072 9,021
At 31 March 2025 - 136,810 44,063 180,873
Carrying amount
At 31 March 2025 460,464 27,797 6,216 494,477
At 31 March 2024 460,464 24,162 - 484,626
15 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 1,740 1,172
Prepayments and accrued income 18,819 12,706
20,559 13,878

-14-

THE SPRING CENTRE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

16 Creditors: amounts falling due within one year

16 Creditors: amounts falling due within one year
2025 2024
£ £
Other taxation and social security 2,136 1,993
Trade creditors 5,995 5,849
Accruals and deferred income 10,776 14,055
18,907 21,897
17 _—‘Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Chargetoprofitorlossinrespectofdefinedcontributionschemes 2,686 -

The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At1 April 2024 Incoming Resources Transfers At 31 March
resources expended 2025
£ £ £ £ £
Freehold property 431,989 - - 28,475 460,464
Support worker application 14,315 - (19,710) 5,395 -
Minibus refurbishment 2,000 4,300 (2,072) 1,987 6,215
Swing & playground refurbishment
- 8,050 (5,926) 3,156 §,280
Deferred income movement (9,937) 9,937 - - -
438,367 22,287 {27,708) 39,013 471,959
Previous year: At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
Restrictedfunds 436,250 8,158 (6,041) - 438,367

-15-

THE SPRING CENTRE TRUST FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as ta how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024 Incoming Resources Transfers At31 March
resources expended 2025
£ £ £ £ £
General funds 118,490 286,676 (237,083) (39,013) 129,070
Previous year: At1 April 2023 Incoming Resources Transfers At31 March
resources expended 2024
£ £ £ £ £
General funds 97,218 254,774 (233,502) - 118,490
20 ~=sAnalysis of netassets between funds
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 March 2025:
Tangible assets 22,518 471,959 494,477
Current assels/(liabililies) 106,552 - 106,552
129,070 471,959 601,029
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 56,657 427,969 484,626
Current assets/(liabilities) 61,833 10,398 72,231
118,490 438,367 556,857
  1. ~—- Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

-16-

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