**REGISTERED COMPANY NUMBER: 05898293 (England and Wales) REGISTERED CHARITY NUMBER: 1121126** ## **REPORT OF THE TRUSTEES AND** **FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** **FOR** ## **THE SPRING CHARITY** **THE SPRING CHARITY** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ||**Page**| |---|---| |**Reference and Administrative Details**|1| |**Report of the Trustees**|2 to 3| |**Independent Examiner's Report**|4 to 5| |**Statement of Financial Activities**|6| |**Statement of Financial Position**|7 to 8| |**Notes to the Financial Statements**|9 to 18| |**Detailed Statement of Financial Activities**|19 to 20| **THE SPRING CHARITY** **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** **TRUSTEES** Mrs J Spiby Mr D McAlpine Dr M Dickie Mr B N Burnett (resigned 11/6/22) Cllr W A Strachen Mrs C Bull Mr J Dickie Mrs J Freeman Mr P Chisanga (appointed 18/7/22) Ms M Mundirwa (appointed 15/5/23) **REGISTERED OFFICE** The Spring Charity Annex Community Centre Spring Lane Northampton NN1 2JW **REGISTERED COMPANY** 05898293 (England and Wales) **NUMBER** ## **REGISTERED OFFICE** ## **REGISTERED CHARITY** 1121126 **NUMBER** **INDEPENDENT EXAMINER** DNG Dove Naish LLP Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Page 1 **THE SPRING CHARITY** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 April 2022 to 31 August 2023. The trustees have adopted the provisions of 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** ## **Objectives and aims** The Charity’s aims are: to benefit families in the Northampton area by the provision of activities and facilities for care, leisure and recreation; to promote social welfare by improving the conditions of life, and to benefit the public at large but especially those who are disadvantaged due to their youth, age, financial hardship or social, health or economic circumstances. The trustees remain confident in the future of the Spring Charity. We continue to hold sufficient reserves to sustain planned projects. The core membership of trustees remain committed and enthusiastic. They continue to provide a broad range of knowledge and expertise to give necessary leadership and support to the flexible, skilled and dedicated staff and management of the charity. ## **Public benefit** The trustees have had regard to the guidance on public benefit issued by the Charity Commission and believe the activities of the charity further the charity's purposes for public benefit. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The NLF 5 year grant continues to underpin the resources for our activities and as a consequence we have expanded the range of activities. We deliver more one-off face to face activities focused on families whose own resources are slim. There have been workshops on child behaviour, healthy eating on a budget, autism workshops, craft workshops and advice on entry into school for parents of young children. The Wellbeing activities, Greening the local neighbourhood, and the HENRY workshops continue to be very popular and beneficial. ## **Core activities** Children particularly benefit from the Stay&Play activities where they learn the social and communication skills essential to a successful entry into formal schooling. Through the Stay&Play family groups the staff have support parents through to further professional help when needed. There has been an increase in families visiting with children aged 2+ due to the withdrawal of such provision in schools. We also help with parents, sharing clothes and equipment for their children. ## **Training** Staff have continued to undertake training for the HENRY programme as well as Health and Safety and Safeguarding; Trustees are encouraged to undertake safeguarding training if they make regular visits to family activities. The manager has also undertaken training in media promotion for charities. ## **Partnerships** The partnerships that we have had with Spring Lane Primary School has proved beneficial to both sides and we have undertaken a further partnership with Power of The Mind Networks, working together on a range of wellbeing activities. ## **Trustees** Trustees have been very involved both within charity activities and with business and financial skills. The Spring Charity continues to benefit from their focus on improving the lives of families in the locality. Page 2 **THE SPRING CHARITY** ## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **FINANCIAL REVIEW** ## **Financial Position and Reserves** The trustees' current policy is to hold reserves of 25% of the core costs and new community project. The Charity has more than sufficient in reserve to cover this contingency. Unrestricted reserves held at the period end are £49,812 (2022: £42,584), and total reserves are £54,214 (2022: £71,223). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Charity changed its name from Spring Lane out of School Club to The Spring Charity in November 2011. ## **Organisational structure** The Charity is constituted as a registered private company limited by guarantee with Memorandum and Articles of Association. There are no trustee vacancies. The Charity is organised so that the Board of Trustees meets regularly to manage its affairs. The number of meetings has been reduced, but trustees, either in smaller quorum groups or as a whole body meet sometimes virtually, to develop procedures and policies or respond to the needs of the community it serves. Trustees are recruited and appointed on an individual basis from representatives of the community or from representatives of the services that the charity provides to the community, are vetted by the Board and undergo DBS clearance. The committee is actively involved in the activities of the Charity and held in high esteem. The Charity vests the overall running of the Spring Charity Venture in the appointed Senior Community Development Worker, supported by the treasurer and Chair. Approved by order of the board of trustees on 6[th] December 2023 and signed on its behalf by: Dr M Dickie – Trustee Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SPRING CHARITY** ## **Independent examiner's report to the trustees of The Spring Charity ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the period 1 April 2022 to 31 August 2023. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** 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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 4 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SPRING CHARITY** ## **Use of our Report:** This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our independent examination work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our independent examination work, for this report, or for the opinions we have formed. N Fox FCA DNG Dove Naish LLP Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Date: 8 December 2023 Page 5 **THE SPRING CHARITY** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** |Unrestricted
Restricted
funds
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
1,606
-
**Charitable activities**
4
Provision of Community facilities
15,101
49,242
Investment income
3
610
**Total**
17,317
49,242
**EXPENDITURE ON**
**Charitable activities**
5
Provision of Community facilities
9,770
73,798
**NET INCOME/(EXPENDITURE)**
7,547
(24,556)
**Transfers between funds**
15
(319)
319
**Net movement in funds**
7,228
(24,237)
**RECONCILIATION OF FUNDS**
Total funds brought forward
42,584
28,639
**TOTAL FUNDS CARRIED FORWARD**
49,812
4,402|Period
1/4/22
to
Year Ended
31/8/23
31/3/22
Total
Total
funds
funds
£
£
1,606
1,450
64,343
63,863
610
25
66,559
65,338
83,568
48,271
(17,009)
17,067
-
-
(17,009)
17,067
71,223
54,156
54,214
71,223| |---|---| The notes form part of these financial statements Page 6 **THE SPRING CHARITY** ## **STATEMENT OF FINANCIAL POSITION 31 AUGUST 2023** |Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
12
88
1,483
**CURRENT ASSETS**
Debtors
13
1,268
700
Cash at bank and in hand
75,136
2,252
76,404
2,952
**CREDITORS**
Amounts falling due within one year
14
(26,680)
(33)
**NET CURRENT ASSETS**
49,724
2,919
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
49,812
4,402
**NET ASSETS**
49,812
4,402
**FUNDS**
15
Unrestricted funds:
General fund
Restricted funds
**TOTAL FUNDS**|2023
Total
funds
£
1,571
1,968
77,388
79,356
(26,713)
52,643
54,214
54,214
49,812
4,402
54,214|2022
Total
funds
£
3,256
4,062
90,912
94,974
(27,007)
67,967
71,223
71,223
42,584
28,639
71,223| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023. The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Page 7 continued... **THE SPRING CHARITY** ## **STATEMENT OF FINANCIAL POSITION - continued 31 AUGUST 2023** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 6[th] December 2023 and were signed on its behalf by: Dr M Dickie - Trustee The notes form part of these financial statements Page 8 **THE SPRING CHARITY** **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The presentational currency is pounds sterling (£). During the period the year end was changed to be August from March as this is more in line with funding patterns. This period represents a 17 month period, and so comparative figures are not comparable to the current period results. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Government Grants** Government grants are recognised in the Statement of Financial Activities when they are received. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Toys & Equipment - 33% on cost Computer and office equipment - 33% on cost Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment. Items under £200 are not capitalized. Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 9 continued... **THE SPRING CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **1. ACCOUNTING POLICIES - continued** ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Financial Instruments** Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. ## **Significant Judgements and Estimates** The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above. ## **2. DONATIONS AND LEGACIES** |**2.**|**DONATIONS AND LEGACIES**||| |---|---|---|---| |||Period|| |||1/4/22|| |||to|Year Ended| |||31/8/23|31/3/22| |||£|£| ||Donations|1,606|1,450| |**3.**|**INVESTMENT INCOME**||| |||Period|| |||1/4/22|| |||to|Year Ended| |||31/8/23|31/3/22| |||£|£| ||Deposit account interest|610|25| Page 10 continued... **THE SPRING CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **4. INCOME FROM CHARITABLE ACTIVITIES** |**4.**|**INCOME FROM CHARITABLE ACTIVITIES**|||| |---|---|---|---|---| ||||Period|| ||||1/4/22|| ||||to|Year Ended| ||||31/8/23|31/3/22| ||||Provision|| ||||of|| ||||Community|
Total| ||||facilities|
activities| ||||£|£| ||Contribution towards Annex||13,902|8,963| ||Grants||50,441|54,900| ||||64,343|63,863| ||Grants received, included in the above, are as follows:|||| ||||Period|| ||||1/4/22|| ||||to|Year Ended| ||||31/8/23|31/3/22| ||||£|£| ||National Lottery||43,000|43,000| ||The Clothworkers Foundation - Kitchen Space Development||3,200|-| ||Constance Travis Endowment Fund for Northamptonshire||1,200|-| ||Amazon Giving||1,000|-| ||Hope Community Centre||841|-| ||Northampton Borough Council - Public Health||-|7,500| ||St Giles||-|4,400| ||Councillor Community Funding Grant||200|-| ||Forterra Community Fund||1,000|-| ||||50,441|54,900| |**5.**|**CHARITABLE ACTIVITIES COSTS**|||| |||Direct|Support|| |||Costs (see|costs (see|| |||note 6)|note 7)|Totals| |||£|£|£| ||Provision of Community facilities|64,488|19,080|83,568| Page 11 continued... **THE SPRING CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **6. DIRECT COSTS OF CHARITABLE ACTIVITIES** |Staff costs
Postage and stationery
Sundries
Training
Equipment
Travel expenses
Cleaning
Memberships and subscriptions
Group Work
Toys & Equipment|Period
1/4/22
to
Year Ended
31/8/23
31/3/22
£
£
33,351
26,525
1,256
134
160
176
3,118
1,154
1,003
2,145
149
-
8,835
3,263
2,998
126
9,777
4,374
3,841
829
64,488
38,726| |---|---| **7. SUPPORT COSTS** |Management
£
Provision of Community facilities
12,807|Governance
Finance
costs
£
£
1,732
4,541|Totals
£
19,080| |---|---|---| Support costs, included in the above, are as follows: ## **Management** |**Management**||| |---|---|---| ||Period|| ||1/4/22|| ||to|Year Ended| ||31/8/23|31/3/22| ||Provision|| ||of|| ||Community|
Total| ||facilities|
activities| ||£|£| |Wages|-|400| |Premises utilities|5,721|2,927| |Telephone|979|679| |Advertising|18|-| |Premises expenses|6,089|1,757| ||12,807|5,763| Page 12 continued... **THE SPRING CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **7. SUPPORT COSTS - continued Finance** |**SUPPORT COSTS - continued**
**Finance**||| |---|---|---| ||Period|| ||1/4/22|| ||to|Year Ended| ||31/8/23|31/3/22| ||Provision|| ||of|| ||Community|
Total| ||facilities|
activities| ||£|£| |Bank charges|48|26| |Depreciation of tangible fixed assets|1,684|446| ||1,732|472| |**Governance costs**||| ||Period|| ||1/4/22|| ||to|Year Ended| ||31/8/23|31/3/22| ||Provision|| ||of|| ||Community|
Total| ||facilities|
activities| ||£|£| |Independent Examiner fees|4,014|3,038| |Accountancy and legal fees|527|272| ||4,541|3,310| ## **Governance costs** ## **8. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||Period||| |---|---|---|---| ||1/4/22||| ||to|Year Ended|| ||31/8/23||31/3/22| ||£||£| |Independent examiner fees|2,322||2,202| |Independent examiner fees - payroll bureau|1,692||836| |Depreciation - owned assets|1,685||446| Page 13 continued... **THE SPRING CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **9. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 August 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** During the year £1,227 of expenses (2022: £2,327) were reimbursed to one trustee for expenses paid for on behalf of the charity. ## **10. STAFF COSTS** |Wages and salaries
Other pension costs|Period
1/4/22
to
Year Ended
31/8/23
31/3/22
£
£
32,337
25,942
1,014
983
33,351
26,925| |---|---| The average monthly number of employees during the period was as follows: Annex |Period|| |---|---| |1/4/22|| |to|Year Ended| |31/8/23|31/3/22| |3|3| No employees received emoluments in excess of £60,000. Total trustee and key management personnel remuneration for the year was £23,219 (2022: £22,237). ## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
1,450
-
**Charitable activities**
Provision of Community facilities
8,963
54,900
Investment income
25
-
**Total**
10,438
54,900
**EXPENDITURE ON**
**Charitable activities**
Provision of Community facilities
13,896
34,375
**NET INCOME/(EXPENDITURE)**
(3,458)
20,525|Total
funds
£
1,450
63,863
25| |---|---| ||65,338| ||48,271| ||17,067| Page 14 continued... **THE SPRING CHARITY** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** |**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**RECONCILIATION OF FUNDS**
Total funds brought forward
46,042
8,114
**TOTAL FUNDS CARRIED FORWARD**
42,584
28,639
**12.**
**TANGIBLE FIXED ASSETS**
Computer
and
Toys &
office
Equipment
equipment
£
£
**COST**
At 1 April 2022 and 31 August 2023
3,000
790
**DEPRECIATION**
At 1 April 2022
183
351
Charge for year
1,334
351
At 31 August 2023
1,517
702
**NET BOOK VALUE**
At 31 August 2023
1,483
88
At 31 March 2022
2,817
439
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2023
£
Trade debtors
-
Taxation and social security
299
Prepayments and accrued income
1,669
1,968|Total
funds
£
54,156
71,223
Totals
£
3,790
534
1,685
2,219
1,571
3,256
2022
£
3,750
-
312
4,062| |---|---| Page 15 continued... **THE SPRING CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |||||2023|2022| |---|---|---|---|---|---| |||||£|£| |Social security and other taxes||||-|275| |Other creditors||||24,267|24,127| |Accruals and deferred income||||2,446|2,605| |||||26,713|27,007| |**MOVEMENT IN FUNDS**|||||| ||||Net|Transfers|| |||movement||between|At| ||At 1/4/22||in funds|funds|31/8/23| ||£||£|£|£| |**Unrestricted funds**|||||| |General fund|42,584||7,547|(319)|49,812| |**Restricted funds**|||||| |National Lottery|25,418||(22,821)|-|2,597| |ST Giles Fund|3,221||(1,416)|-|1,805| |Cookery equipment||-|(18)|18|-| |Community growing and cooking|||||| |project||-|(301)|301|-| ||28,639||(24,556)|319|4,402| |**TOTAL FUNDS**|71,223||(17,009)|-|54,214| |Net movement in funds, included in the above are as||follows:|||| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| ||||£|£|£| |**Unrestricted funds**|||||| |General fund|||17,317|(9,770)|7,547| |**Restricted funds**|||||| |National Lottery|||43,000|(65,821)|(22,821)| |ST Giles Fund|||-|(1,416)|(1,416)| |Kitchen space development|||3,200|(3,200)|-| |Cookery equipment|||1,200|(1,218)|(18)| |Henry Project Training and Delivery|||1,000|(1,000)|-| |Community growing and cooking|||||| |project|||842|(1,143)|(301)| ||||49,242|(73,798)|(24,556)| |**TOTAL FUNDS**|||66,559|(83,568)|(17,009)| ## **15. MOVEMENT IN FUNDS** Page 16 continued... **THE SPRING CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **15. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |||Net|| |---|---|---|---| |||movement|At| ||At 1/4/21|in funds|31/3/22| ||£|£|£| |**Unrestricted funds**|||| |General fund|46,042|(3,458)|42,584| |**Restricted funds**|||| |Public Health Fund (previously Health|||| |and Wellbeing Project)|2,500|(2,500)|-| |Freedom Project - Goodwill Solutions|5,614|(5,614)|-| |National Lottery|-|25,418|25,418| |ST Giles Fund|-|3,221|3,221| ||8,114|20,525|28,639| |**TOTAL FUNDS**|54,156|17,067|71,223| |Comparative net movement in funds, included in the|above are as follows:||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|10,438|(13,896)|(3,458)| |**Restricted funds**|||| |Public Health Fund (previously Health|||| |and Wellbeing Project)|7,500|(10,000)|(2,500)| |Freedom Project - Goodwill Solutions|-|(5,614)|(5,614)| |National Lottery|43,000|(17,582)|25,418| |ST Giles Fund|4,400|(1,179)|3,221| ||54,900|(34,375)|20,525| |**TOTAL FUNDS**|65,338|(48,271)|17,067| ## **General Funds** Available to be used for any charity use and expenditure. ## **Public Health Fund (previously Health and Wellbeing Project)** Public Health funding for supporting health and wellbeing within the community. ## **Freedom Project - Goodwill Solutions (prior year only)** Funding received from Goodwill Solutions to run the Freedom Project for 2 years, including £1,000 for an update of the charity website. ## **ST Giles Fund** Funding received from the St Giles Charitable Trust to provide experience with age appropriate IT, for young children at home in the Castle Ward area of Northampton Town, and children in key stages 1 & 2 at school, where such equipment is limited. Page 17 continued... **THE SPRING CHARITY** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 APRIL 2022 TO 31 AUGUST 2023** ## **15. MOVEMENT IN FUNDS - continued** The balance on the fund includes IT equipment which will be depreciated over their remaining life. ## **National Lottery Community Fund - RC Midlands Region** This is a National Lottery funded project given to 1. Enabling families in ‘hard to reach’ communities, that have not been supported previously, to enjoy the same outcomes and impacts as the other families that the Charity support, and 2. Improving the inclusion of families from marginalised and disadvantaged sections of the community through involvement in group activities. Other key aims of the project are to enable friendships to establish, increase confidence in self and child rearing, enable joint participation in community activities and projects and to improve wellbeing, confidence, and mental health. ## **Cookery Equipment** This project is funded by the Constance Travis Endowment Fund for Northamptonshire, and provides funding for tabletop stoves and hand food mixers that would be used for cookery session to enable the organisation to provide long-term, sustainable approach to addressing food poverty. ## **Cookery Development Space** This project is funded by the Clothworkers, to develop the kitchen space within the Charity. ## **Community growing and cooking project** This project is funded by The Hope Centre grant and is to assist in establishing the community growing and cooking project. ## **Henry Project** This project is funded by the Forterra Community Fund, for training and delivery of the Henry project, helping families be healthy. ## **Transfers between funds** Transfers between restricted funds and the General is to cover for the overspend in the year. ## **16. RELATED PARTY DISCLOSURES** Trustees made donations without conditions of £800 (2022: £1,200) in total during the period. One trustee was responsible for £140 of room hire income for the period to August 2023. ## **17. ULTIMATE CONTROLLING PARTY** The charity is under the control of its trustees. Page 18