Registered number: 06582318
Charity number: 1134977
THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Directors and Trustees. Report
Independent Auditors. Report on the financial statements
10-13
Statement of Financial Activities
14
Balance Sheet
15
Statement of Cash Flows
16
Notes to the financial statements
17-29

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
F Cross-sudworth
T Boyes, Chair
P J Hunt, Treasurer
C L Minchin
A Roper-Hall
Rev T Thomas
H C Greenwood
GLHMoss
Yasser Khan
Mark Zakers
(resigned 1.8.23)
(appointed 3.6.24)
(apponted 3.6.24)
Company registered
number
06582318
Charity registered
number
1134977
Registered office
The Springfield Centre
Springfield Road
Moseley
Birmingham
B13 9NY
Independent auditors
Thomas and Young Limited
266-268 Stratford Road
Shirley, Solihull
West Midlands
B90 3AD
Page 1

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE}
THE DIRECTORS AND TRUSTEES. REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the audited financial statements of the Charity for the
1 April 2023 to 31 March 2024. The Annual report seNes the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm thal the Annual report and financial statements of the charitable
company comply with the current statutory requirements, the requirements of the charitable company's governing
document and the provisions of the StatementofRecommended Practice {SORP) applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS1021 (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006. the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Who we are and what we did this year
The Springfield Project was established by St Christopherfs Church to help show God's love in our community
through practical service and action in Birmingham. Our area stretches beyond the church parish and now covers
a much wider area within the Hall Green district of Birmingham. In addition to our main site al The Springfield
Centre. we run a Nursery on nearby Park Road and deliver a range of activities in outreach venues.
In 2023124 we had an income over £1.4m. employed an average of 59 people. and were supported by over 84
volunteers. The monetary value for this was close to £34,560.
Our Children's Centre service includes support for families with children from pregnancy to the age of 5. This
includes targeted family support and group and 1-1 support packages around= parenting, healthy families. ante-
natal care and infant feeding. speech and language development, stay and play and much more. Our Children's
Centre 15 now a Family Hub site for the Hall Green district, allowing us to expand our offer to families with children
5-19 through close working with other organisations supporting children and families in our area.
This year the total number of parents and children who were seen and benefited from Sprtngfield's Children's Centre
was 1.984 (866 adult5 and 1.118 children).
Our nursery provision continues to provide early education to the children of Springfield. All of our nursery children
attend for 15 hours per week, term-time only, with funding from Early Education Entitlement grants. Both nurseries
provide tailored support to a number of children with complex special needs and disabilities.
Mini-springers Nursery provided early education for 91 children during the school year and Park Road Nursery
welcomed 74 children. Both nurseries receive an Ofsted grading of Good in 2022.
Thanks to funding from the Holiday Activity Fund we ran Holiday Play activilies three times during the year. 115
children aged 5 -11 accessed sessions of our fun, stimulating play provision at The Springfield Centre and the Park
Road site.
Our Communily SeNices provision for adults includes English language classes, Springfield Food Pantry and Place
of Welcome, with 2,518 attendances across the year. Following financial pressures, we negotiated Ihe transfer of
the Food Pantry management to the charitable organisation Narthex. enabling those who rely on the Pantry to
continue to benefit.
The Seedlings Stay and Play group, runs in partnership with St Christopherfs Church, regularly sees 60-70 families
per week. Due to building work at St Christophers, Seedlings relocated to a nearby venue for six months and
continued to welcome 35-40 families per week.
Butterflies, a new stay and play group for children with additional needs was launch in Autumn 2023 and has
supported 15 children and their families.
Page 2

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
THE DIRECTORS AND TRUSTEES. REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
We continue to chair the Birmingham Early Years Music Consortium and to act as lead organisation for the Youth
Music-funded Sounds of Play Project, building a sustainable network of Early Years music practice between Early
Years services and music organisations to support children's musical entitlernent across Bimiingham.
We welcomed back the Creative Families festival which took place over days and saw 365 people attending.
This year was the second year of our National Lottery Reaching Communities Funded 'Child Friendly
Neighbourhood, initiative. During the year we have started a range of after school clubs, broadened our youth offer.
improved our existing holiday playscheme and put on recuring events and activities.
We also held a Family Fun Day and a Garden Party for the Kings Coronation, with 993 people in attendance over
Ihe two events.
Our Founder
st Christopherfs Church was the founder of the Springfield Project and operated many of the activities prior to
transferring them to a charitable company in 2008. The Church continues to provide a range of support for the
charity, such as trustees, buildings for the charity to operate out of, volunteers and helpers for regular activities,
and prayer for our work and those we work with.
Governance
The Springfield Project is an award-winning charitable company limited by guarantee, incorporated on1 May 2008
and registered as a charity on 16 March 2010. The company was established under a Memorandum ofAssociation
that established the objects and powers ofthe charitable company and is governed under its Articles of Association.
These were revised in 2018 to provide for increased clarity.
Objectives and aims
The charitable aims of the company a5 set out in our founding documents state..
The objects of the charily are to provide care and sUPPOrt to people nalionally and internationally, and in particular
to children. young people and families in the ward of Springfield. Birmingham in accordance with the tenets of the
Christian faith as understood by the Church of England, in particular but not exclusively by the provision of spiritual
and other support, advice, setvices and facilities in the interests of social welfare for education and recreation with
the objective of improving the conditions of life for the residents.
Provided that the objects of the Charity shall be delivered without distinction of age. sex. sexual orientation, mental
capacity. race, creed or colour or of political. religious or other opinion.. that the freedom of people of all faiths or
none to hold and to express their beliefs and convictions respectfully and freely, within the limits of the UK law, is
acknowledged., and that our Christian faith or belief shall not be imposed on others.
Vision, mission, roots and values
Our objectives are reflected in our vision, mission, roots and values slatemenl. This is set out below..
Who we are
The Springfield Project is a registered charity and company limited by guarantee set up by St Christopherfs Church
to help show God's love in our community through practical service and action.
Our vision is to show God's love in our communlty
This means improving the conditions of life for all our local residents in the former Springfield ward and surrounding
area. We do this by focusing on children, young people, families and individuals by providing a range of accessible
educational, social welfare, recreation, and wellbeing services.
Page 3

THE SPRINGFIELD PROJECT
{A COMPANY LIMITED BY GUARANTEE)
THE DIRECTORS AND TRUSTEES. REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Our mission is help others live life to the full
Our mission is to strive for every child, every young person, every parent and every adult in our community having
the opportunity to reach their full potential in life. This also extends lo every member of staff and every volunteer
who helps out in any of our services.
Our roots are Christian
As an expression of the church's mission. all aspects of our activities should reflect the love, compassion and
forgiveness which Christians believe are most perfectly displayed through Jesu5 Chrisl.
We seek to live out the example of Jesus, who welcomed everyone, listened, and served others and wanted us all
to grow to experience life in all its fullness. He says. in the Bible, .1 have come in order that you might have life, and
have it to the full" (John 10=10). '1 tell you the truth, anything you did for even the least of my people here. you also
did for me" (Matthew 25:40)."For I came to serve not to be served... ' (Mark 10.'45). In Acts 6. Jesus. early followers
made it a priority to organise care for others. This continues to be our mandate.
Our partners are those who can help our community
Our value5. rooted in our faith, may be shared by others too and we work in partnership with others lo achieve our
aims. We celebrate that Christians are not Ihe only people motivated to work for the good of the community. As a
place of practical compassion where many people galher, we are glad to learn together with others how they live
out their values and faith.
Our values
Our values define how we deliver our services. They are regularly highlighted with staff, volunteers and service
users and now clearly form part of the induction procedure for new staff and volunteers. In seeking to show God's
love in the community and living life to the full. we expect all who represent the Springfield Project to share our
values-.
Welcoming and inclusive: We seek to provide a safe space for our community where all are welcome. We
embrace diveisity, celebrating the way in which people of different faiths or no faith Can WO￿ together to bring
about positive change in the lives of individuals and the community. We treat all who come to the Project with
respect and waimlh and recognise each person as an individual.
Listening: We recognise and value the unique insights and experiences of members of our community. We
seek lo ensure that the views of all those who have an interest in the Project inform the Continuous
development of our services.
Serving: We seek to contribute to the transformation of the lives of individuals, families and the wider
community. We show compassion in our work, and strive to meet people at their point of need. We seek to get
alongside people to share their stories. and offer support.
Professional: Our community deserves the best we can give them.. therefore we recruit professionally
qualified staff on the basis of their skills. knowledge and experience. We welcome and value the contribution
of our trained volunteers who greatly enhance our services. We have policies and procedures in place to help
us achieve our aims and objectives.
Growing: We look for the best in people and seek to empower them to use their strengths to take charge of
their own lives and to support others. Wo are all on a journey of life-long learning. We learn through our daily
life and work, as well as through discussion, reflection, practice and education. We accept mistakes and
apologies, and encourage others by showing change and growth in ourselves.
Page 4

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
THE DIRECTORS AND TRUSTEES. REPORT {Continued}
FOR THE YEAR ENDED 31 MARCH 2024
Our impact model of change - The Springfield Pathway: "Empower, Enable, Enrich"
The Springfield Empower, Enable and Enrich EEE pathway provides a vehicle for explaining, monitoring. recording
and evidencing milestones on an individual's journey through the centre and measuring our impact as people have
opportunity to live life in all its fullness.
Depending on people's starting point we offer a range of activities that empower, enable, or enrich their lives. We
meet individuals al their point of need and work with them to identify a pathway. All of our activities are designed
with this in mind.
We also want to empower, enable and enrich Springfield as a community and provide events which bring our
community together with this aim. We all need the right environment to flourish,. this includes children, adults,
families, our staff and volunteers.
To empower is to help people to understand they have a personal choice, power and authority, or remind them of
their personal choice, power and authority and help them learn to use it. We do this by coming alongside people
and walking with them on theirjourney through the EEE Pathway offering encouragement and emotional support.
To enable is defined as "to provide someone with the resources, authority. or opportunity to do something: to make
something possible or feasible.. We do this by providing services l activrties for people to join.
To enrich is to improve or enhance the quality of life for people. We do this through the pathway but also through
offering social activities and events for the wider community.
Our aims and strategy
Our objectives for 2023-2026
Business as usual:
We will provide a wide range of supportive activities for children and their families in Sparkhill and the wider
area. focussing on families experiencing poverty and disadvantage.
We will retain our expertise and focus on Early Years provision.
We will ensure that all of our services and activities are delivered to a high standard within our Quality
Assurance Framework.
We will ensure that the Project resources are managed effectively.
We will invest in and make the most of our assets, people and buildings.
Priorities
Vision
We will strengthen our shared sense of purpose with St Christopher's Church, living out God's love for
Springfield. In the project we will do this by further engaging all staff in what this means.
Page 5

THE SPRINGFIELD PROJECT
IA COMPANY LIMITED BY GUARANTEEI
THE DIRECTORS AND TRUSTEES. REPORT (Continued}
FOR THE YEAR ENDED 31 MARCH 2024
Direction
We will be well prepared for the end of the current BFS contract in order to make strategic decisions and
respond to any changes
We will horizon scan, fund raise, decide what to initiate and what to stop led by our vision I mission AND the
desire for sustsinability in challenging times.
We will build on our approach to community relationships, supporting a more inclusive and integrated
community.
We will further work with strategic partners to deliver shared aims and develop new strategic and operational
relationships to further the aims of the charity.
We develop our sense of purpose in nurturing volunteers and opening pathways to employment as an
extension of empowering, enabling and enriching.
Governance
We will improve our specificity in measuring and evaluating what we do.
We will find better ways of giving value to the diverse voices of front line staff and Ihose the project serves (of
all ages).
Our Board of Trustees
The Springfield Project is overseen by a board of trustees. All trustees are selected according to their skill set and
the requirements of the organisation and business plan, and according to their shared commitment to the overall
aims. values and charitable objects of the Springfield project.
Our Chair, Tim Boyes, is supported by Vice-chair, Rev Tom Thomas. Peter Hunt chairs our Finance Committee,
Alison Roper-Hall our HR and Organisational Development Committee, and Tom Thomas our Performance and
Impact Committees.
The Board of Trustees met four times during the year. Each Committee also meets four times during the year.
One member of the Board of Trustees resigned during the year. Trustees have made a commitment to diversity at
Board level and are actively recruiting board members who represent our community both in terms of ethnicity and
age.
Management
Whilst the day-to-day management of The Springfield Project is delegated to the Chief Executive Officer and staff.
the Board of Trustees retains the responsibility (legal and financial} for the affairs of the Project and for activities
carried out in it5 name. The CEO receives support from Trustees and reports directly to the Trustees every quarter.
The Executive and Senior Leadership Team continued to be focused on reporting and delivering against the
business plan objectives and to developing new projects to meet the needs of the community and to safeguard
leve15 of income.
Page 6

THE SPRINGFIELD PROJECT
{A COMPANY LIMITED BY GUARANTEE)
THE DIRECTORS AND TRUSTEES. REPORT {Continuedl
FOR THE YEAR ENDED 31 MARCH 2024
Risk Management
The Board of Trustees maintains a risk register, which is reviewed regularly and systems put in place to mitigate
risks identified. Internal risks are minimised by the implementation of effective internal control procedures and good
supervision of all activities of The Springfield Project. Our Reserves Policy forms part of our risk management
strategy.
The Project is diligent in ensuring its safeguarding policy and procedures are followed and the policy is reviewed
annually by the trustees. A trustee has been appointed as Safeguarding Trustee. Criminal records checks are
carried out for all staff and volunteers, including trustees, through the Disclosure and Barring Service al the
beginning of their service and repeated every three years.
FINANCIAL REVIEW
Total income forthe year was £1,453,208 and total expenditure was £1,444,320. The Project showed a surplus for
the year of £8,888.
Reserves Policy
It is the policy of the charity to maintain free reserves equivalent to at least 3 months expenditure in the situation
that Springfield has lost one or more contracts. £125,000 is an estimate of the costs in either keeping the charity
operational pending new contracts or the cost of closing the Project.
Principal Funding Sources
The principal source offunding continues to be the Children's Centre grants. total £693.874 plus Nursery Education
Funding of £466,555.
In addition, a number of grants were received in the year.
Future financial plans
The funding for our Children's Centre service is now in place until February 2027. A review of the Children's Centre
model has been undertaken to ensure the service can be delivered sustainably.
The running costs of all our services continues to be higher than previous years due to the ongoing high inflation
levels. We continually review the services to ensure they are running as efficiently as possible.
It is the practice of the trustees to designate some of their free reserves for specific costs outside of normal budget
provision. They are to allow for three months running costs should funding no longer be available, emergency
repairs and provision for tribunals should it be necessary, and other small areas of development.
PLANS FOR FUTURE PERIODS
We will continue to pursue our strategic plan until March 2026 whilst remaining flexible and adapting to new
opportunities and the external environment. Key areas for the year 24-25 are..
To further develop our work with children over 5 and their families, including increased support for children
with special needs and disabilities.
Develop a youth offer co-created by local young people through a Youth Advisory Board.
Page 7

THE SPRINGFIELD PROJECT
{A COMPANY LIMITED BY GUARANTEE)
THE DIRECTORS AND TRUSTEES. REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Recruitment of new Board members from the local community, diversifying our board in terms of ethnicity and
age.
To further develop our strategic approach to communications, stakeholder engagement and quality assurance.
To develop our approach to environmental sustainability both internally and through our work with the local
community.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors ofthe Springfield Project for the purposes of company law) are responsible
for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the
trustees must not approve the financial statements unless they are satisfied thal they give a true and fair view of
the financial situation of the charitable company and of the incoming resources and application of resources,
including the income and expenditure, of the charitable company for that period_ In preparing those financial
statements, the trustees are required to-.
Select suitable accounting policies and then apply them Gonsistently
ObseNe the methods and principles in the Charity SORP
Makejudgements and estimates that are reasonable and prudent
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time Ihe financial posilion of the charitable company and to enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
There is no relevant audit information of which the charitable company's auditors are unaware,. and
The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.
AUDITORS
The trustees are grateful to Thomas + Young for the audit and production of the annual accounts.
The report has been prepared in accordance with the special provision of Part 15 of the Companies Act 2006
relating to small companies
A resolution proposing Thomas & Young to be re-appointed as auditors of the Charity will be put to the Trustees at
the meeting to agree the statutory accounts.
Page 8

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEEI
THE DIRECTORS AND TRUSTEES. REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
CUSTODIANS OF FUNDS FOR OTHERS
The charity has not held any funds during the year on behalf of others.
Approved by order of the members of the board of Direclors and Trustees and signed on their behalf by..
PJ N,_-4
Tim Boyes- Chair of Trustees
Date
Peter Hunt- Treasurer
Dale JoiiilL4
0111114
Page 9

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SPRINGFIELD PROJECT
OPINION
We have audited the financial statements of The Springfield Project (the 'charily') for the year ended 31 March
2024 which comprise the Statement offinanGial activities, Ihe Balance sheet, the Statement of cash flows and the
related notes. including 3 summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial stalements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements ofthe Companies Acl 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs {UKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial slalements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities
in accordance wilh these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statement5, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least t￿e1ve months from when the financial Statements are
authorised for issue.
Our responsibilities and the responsibilities of the Truslees with respect to going concern are described in the
relevant sections of this report.
OTHER INFORMATION
The other information comprises the information included in the Annual report other than the financial statements
and our Auditors, report thereon. The Trustees are responsible for the other informalion contained within the
Annual report. Our opinion on the financial statements does not cover the other information and. except to the
extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our
responsibility is to read the other information and, in doing so. consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othejwise
appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements. we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed. we conclude that there is a material
misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Page 10

THE SPRINGFIELD PROJECT
{A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE SPRINGFIELD PROJECT (Continued)
OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Dir6rtor5 rewt induded wrthin thetrustees, report has been prepared in accordance with applicable legal
requirements.
MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the directors report included within the
trustees, report.
We have nothing to report in respect ofthe following matters in relation to which Companies Act 2006 requires us
to report to you if, in our opinion-
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exempiions in preparing the Trustees, report and from
the requirement to prepare a Strategic report.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees. responsibilities statement, the Trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view. and for such internal control as the Trustees
determine is necessary to enable the preparation offinancial statements that are free from material misstatement.
whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability
to conlinue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Page11

THE SPRINGFIELD PROJECT
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SPRINGFIELD PROJECT (Continued}
AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misslalements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for Ihe audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.org.ukjauditorsresponsibilities. This description fomis part ofour auditorfs
report.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities. outlined above. to detect material misstatements in respect of irregLrlarities.
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below..
Assessment of the susceptibility of the charty's financial statements to material misstatement, including
how fraud might occur.
Assessment of the laws and regulations identified as being of significance in the context of the charity.
We obtained an understanding of the legal and regulatory framework applicable to the charity and how
the charily is complying with that framework.
We obtained an understanding of the charity's policies and procedures on compliance with laws and
regulations, including documentation of any instance5 of non-compliance.
We obtained an understanding of the charity's policies and procedures on fraud risks, including knowledge
of any actual, suspected or alleged fraud.
We ensured that our audit personnel have the experience and knowledge to identify or recognise non-
Compliance with laws and regulations.
We use appropriate audit resources and tools to guide us in selecting the right audit approach. As a result
of these procedures, we have considered the opportunitie5 and incentives that may exist within the
organisation for fraud and identified the highest area of risk lo be in relation to income recognition, with a
particular risk in relation to year-end cut off. In common wrth all audits under ISAS (UK) we are also
required to perform specific procedures to respond to the risk of management override.
Our procedures to respond to risks identified included the following..
Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial statements.
Performing analytical procedures lo identify unusual or unexpected relationships that may indicate risks of
material misslatement due to fraud.
Reviewing board meeting minutes.
Enquiring of managemenl in relation to actual and potential Claim5 or litigalions.
Performing detailed transactional testing in relation lo the recognition of income, with a particular focus around
year-end cut off.
In addressing the risk of fraud through management override of controls. testing the approprialèness of
Page 12

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SPRINGFIELD PROJECT (Continued)
journal entries and other adjustments-, assessing whether the judgments made in accounting estimates are
indicative of potential bias., and evaluating the business rationale of significant transactions that are unusual
or outside the nomial course of business.
We Gommunicated identified laws and regulations and potential fraud risks to all members of the engagement
team and remained alert to possible indicators of fraud or non-compliance with laws and regulations
throughout the audit.
As a result of the inherent limitations of an audit, there is a rrsk that not all irregularities, including a material
misstatement in financial statements or non-compliance with regulation, will be detected by us. The risk increases
the further removed compliance with a law and regulation is from the events and transactions reflected in the
financial statements, given we will be less likely to be aware of it, or should Ihe irregularity occur as a result of fraud
rather than a one-off error, as this may involve intentional concealment, forgery, collusion, omission or
misrepresentation.
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 audit work has been undertaken so that we might state to the charitable
company's members those matters we are required lo state to them in an Auditors, 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 its members, as a body, for our audit work, for thi5 report, or for the opinions we have
formed.
Mark Mclean FCA
TIKnEs & y￿ng Limit
ClErt￿￿ Accountants & Regtst&edAudiicxs
Ca1don House
26&268 Strth Rcaj
ShiW,Solihull
West MKILaThJs
B9) 34D
Page 13

THE SPRINGFIELD PROJECT
{A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Investments
3,540
676,120
349
3,540
1,449,319
349
21,669
1.695.001
320
773, 199
Total income
773,199
680,009
1,453,208
1,716,990
Expenditure on:
Charitable activities
891,138
553,182
1.444,320
1.512,020
Total expenditure
891,138
553,182
1,444,320
1,512,020
Net incomel(expenditure)
Transfers be￿een funds
(117,939)
126,827
8,888
204,970
13
Net movement in funds
(117,939)
126.827
8,888
204.970
Reconciliation of funds:
Total funds brought forward
Net movement in funds
339,248
(117,9391
320.888
126,827
660.136
8,888
455,166
204,970
Total funds carried fonvard
221,309
447,715
669.024
660.136
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 17 to 29 form part of these financial statements.
Page 14

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER:06582318
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Current assets
Deblors
Cash at bank and in hand
201,516
517,225
284,964
421,010
718,741
705,974
Creditors.. amounts falling due within one
year
12
{49,7171
(45.838)
Net current assets
669,024
660,136
Total assets less current liabilities
669.024
660,136
Net assets excluding pension asset
669,024
660,136
Total net assets
669,024
660.136
Charity funds
Restricted funds
Unrestricted funds
Designated funds
13
221,309
189,161
258,554
339,248
61,065
259,823
13
Total funds
669,024
660,136
The entity was entitled to exemption from audit under section 477 ofthe Companies Act 2006.
The members have not required the entty to obtain an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However. an audit is required in accordance with section 144 ofthe Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by Ihe Trustees and signed on their behalf by..
Tim Boyes
Chair of Trustees
Date
-/,, IL*
The notes on pages 17 to 29 form part of these financial statements.
Page 15

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flov￿ from operating activities
Net cash used in operating activities
96.215
110,811)
Cash flows from investing activities
Net cash prov(ded by investing activities
Cash flows from financing activities
Cash flows from financing activilies
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning oflhe year
96,215
{10.811)
431,821
421,010
Cash and cash equivalents at the end of the year
517,225
421.010
The notes on pages 17 to 29 form part ofthese financial statements
Page 16

THE SPRINGFIELD PROJECT
{A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS {Continued)
FOR THE YEAR ENDED 31 MARCH 2024
GENERAL INFORMATION
The Springfield Project is a private company limited by guarantee, incorporated in the UK and registered in
England and Wales. The registered office is The Springfield Cenlre, Springfield Road, Moseley,
Birmingham, B13 9NY. The principal activrty of the Charity is as disclosed in the Trustees, report starting on
page 2.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements 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 IFRS 102) (effective 1 January 20191, the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Springfield Project meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy. The financial statements are presented in sterling, which is the functional
currency of the charity. The amounts are rounded off to the nearest £1.
2.2 GOING CONCERN
The trustees have reviewed budgets and forecasts for a period of 12 months from approval of the
financial statements. From this, the trustees consider that the charity has adequate funds to continue
for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing
the financial statements.
2.3 INCOME
All income is recognised once the Charity has entitlement to the income. it is probable that the income
will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt. its
recognition is deferred and included in creditors as deferred income. Where enlitlement occurs before
income is received, the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
2.4 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the
arnount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of
each activity are made up ofthe total of direct costs and shared costs, including support costs involved
in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that
activity. Shared costs which conlribute to more than one activity and support costs which are not
attributable to a single activity are apportioned between those activities on a basis consistent with the
Use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges
allocated on the portion of the asset's use.
Page 17

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS {Continued}
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES {continued)
2.4 EXPENDITURE (CONTINUED)
Expenditure on charitable activities is inCu￿ed on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 INTEREST RECEIVABLE
Interest on funds held on deposit is included when receivable and the amount can be measured reliably
by the Charity- this is normally upon notification of the interest paid or payable by the institution with
whom the funds are deposited.
2.6 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assels costing £2,500 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model. tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over
their estimated useful lives, using the straight-line method.
2.7 DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short-term highly liquid investments wilh a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement. and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Chartty anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where
Ihe effect of the time value of money 15 material, the provision is based on the present value of those
amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance Cost.
Page 18

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
2.10 FINANCIAL INSTRUMENTS
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
inslruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently measured
at amortised cost using the effective interest method.
2.11 PENSIONS
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.12 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charrty and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
INCOME FROM DONATIONS AND LEGACIES
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
3.540
3,540
21,669
Page 19

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM CHARITABLEACTIVITIES
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Community Services
Children's Centre Services
Mini Springers
Park Road
Other Grants
Furlough Income
B'ham & Solihull Womens Aid
Youth Music
Children and Young People
Beyond Birmingham
Domestic Abuse
17,842
693.874
92,258
110,100
693,874
357,246
226,616
22,773
82,189
681,738
256,237
235.677
37.532
357,246
226,616
22,773
10,854
10,854
77.615
52.500
271.513
10,000
17,856
773.199
10,000
17,856
1,449.319
676,120
1,695,001
INVESTMENT INCOME
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Bank Interest Received
349
349
320
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Charitable Activities
Governance Costs
891,138
530,249
22,933
1,421,387
22,933
1.479,442
32,578
891,138
553,182
1,444,320
1,512.020
Page 20

THE SPRINGFIELD PROJECT
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
undertaken
Directly
2024
Support
costs
2024
Total
Funds
2024
Total
Funds
2023
Charitable Activities
Governance Costs
1,005,981
415,406
22,933
1,421,387
22,933
1,479,442
32,578
1,005.981
438,339
1,444,320
1,512,020
ANALYSIS OF DIRECT COSTS
Total
funds
2024
Total
funds
2023
Staff costs
Renl and outreach
Resources
873,346
6,008
126,627
899,718
33,680
81.935
1,005,981
1.015.333
ANALYSIS OF SUPPORT COSTS
Total
funds
2024
Total
funds
2023
Staff costs
Premises costs
Legal and professional
Office costs
Hospitality
Recruitment and training
Bad debts
Birmingham & Solihull Womens's Aid
Business team
248,799
42,222
14,000
93,242
186,185
68,227
17.674
112,325
1,795
40.866
9,239
77,824
38,055
2,021
438,339
514,135
Page21

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {Continuedl
FOR THE YEAR ENDED 31 MARCH 2024
AUDITORS. REMUNERATION
2024
2023
Fees payable to the Charity's auditor for the audit of the Charily's annual
accounts
14,000
13,200
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
1,027,468
70.640
24,037
989,472
71.966
24.465
1.122,145
1.085.903
The average number of persons employed by the Charity during the yearwas as follows-
2024
2023
Support (Business Team)
Seedlings
Park Road Nursery
Mini-springers Nursery
Community Services
BFS Children's Centre
Play Scheme
12
10
14
12
19
24
59
58
No employee received remuneration amounting to more than £60,000 in either year.
10. TRUSTEES. REMUNERATION AND EXPENSES
During the year. no Truslees received any remuneration or other benefits (2023- £NILI.
During the year ended 31 March 2024, no Trustee expenses have been incurred {2023- £NILI.
Page 22

THE SPRINGFIELD PROJECT
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
11. DEBTORS
2024
2023
DUE AFTER MORE THAN ONE YEAR
Prepayments and accrued income
49,514
138,472
49,514
138,472
DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
36,886
4,000
111,116
32,369
400
113,723
201,516
284.964
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Othertaxation and social security
Accruals and deferred income
20,736
1,768
27,213
11,611
1,501
32,726
49,717
45.838
Page 23

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE}
NOTES TO THE FINANCIAL STATEMENTS (Continued
FOR THE YEAR ENDED 31 MARCH 2024
13. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expenditure
UNRESTRICTED FUNDS
General Funds- all funds
320,888
680.009
(553,182)
447,715
RESTRICTED FUNDS
BCH= Children's Centre
National Literacy Trust
Awards for All
Reaching Communities
Youth Music
B'ham City Council Focus Group
Emergency Food Grant
B'ham & Solihull Women's Aid
Faith Action
Stagecoach Group
Yardley Great Trust
Holiday Activity Fund
Beyond Bham
Blossom Project
Sparkbrook Children Zone
St Pauls Volunteering Support
Childrens and Young Persons
(incl domestic abuse}
656,220
1656,220)
623
3,248
258,706
49,925
623
2.083
179.427
20,791
(1165)
179,279)
{29,134}
(3,470}
(15,571)
(24,184}
(4.195)
3,470
15,571
10,854
7.500
1.000
13,330
3.305
1,000
10,819
2,597
(10,819)
{30,503)
(10,000)
{350)
{1,867}
(1,147)
30.687
10,000
350
1,867
1.147
2,781
35,698
(24,399)
11.299
339,248
773,199
(891,138)
221,309
TOTAL OF FUNDS
660,136
1,453,208
1,444,320
669,024
Included in unreslricted funds were designations of £258,554 made up of..
Youth I Special Educational Needs £10.893
Premises Repairs £20.000
Forest School £4.804
Human Resources £30,000
Children's Centre £47.707
SEN Training / Equipment £15.000
Place of Welcome £5,150
Three Months, Operational Costs £125,000
Total £258,554
Page 24

THE SPRINGFIELD PROJECT
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
13. STATEMENT OF FUNDS (CONTINUED)
Utilisation of restricted fundin
Children Centre contract runs to Feb 27.
Awards for all - to support resources used in delivery
Blham and Solihull Women's Aid- to support IDVA worker for Women's Aid
Blham City Council Focus Group- Children Centre focus groups with women around physical
and barriers to exercise to inform the BCC physical activity strategy.
BCH Childrens Centre- BFS contract
Beyond Brum - arts project as part of the creative families festival
Blossom Project- arts project
Emergency Food Grant- to purchase food for the Food Pantry
Faith Action - to deliver creative English classes
Holiday Activity Fund - to support holiday playschemes
National Literacy Trust- funding via contract with ecoBirmingham to deliver the 'Building
Greener. Fairer and Healthier Communities in Birmingham,
National Lottery Community Fund - to deliver the Freedom programme for parents of
over 5's
Reaching Communities - to support the Child Friendly Neighbourhood Project.
Sparkbrook Children Zone - Children Centre workshops in schools promoting physical activity
and healthy eating
St Pauls Volunteering Support- to support the running costs of volunteers.
Stagecoach Group- donation to Place of Welcome
Yardley Great Trust- debt seniice from Narthex
Youth Music (Sounds of play) - we are primarily fund holders for this. A grant awarded to
Springfield as lead partner. This money is to support the development of musical teaching ability
in Early Years frontline delivery staff so they can use music with children.
Page 25

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE}
NOTES TO THE FINANCIAL STATEMENTS {Continued)
FOR THE YEAR ENDED 31 MARCH 2024
13. STATEMENT OF FUNDS (Continued)
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
31 March
2023
Balance at 1
April 2022
Transfers
inlout
Income Expenditure
UNRESTRICTED FUNDS
General Funds- all funds
390,218
566,922
(634,853)
(1,399)
320,888
RESTRICTED FUNDS
BCH.. Children's Centre
National Literacy Trust
Awards forAII
Children in Need
Reaching communities
Youth Music
Grimmil Trust
Groundworks
Emergency Food Grant
B'ham & Solihull Women's Aid
Celebrating Communities
Grantham Yojk
Souter
William Cadbury
Yardley Great Trust
HolidayActivity Fund
14,909
671,048
623
(687,3561
1,399
623
3,248
3,$41
11,530
(393)
{12.030}
(12.807)
(13,497)
(2,000)
(975)
(2.400)
(77,280)
{9,932)
(1,000}
(3,000)
<20,0001
(1.667)
132,830)
500
271,513
52.500
258.706
49.925
10,922
2.000
975
2.400
77,615
9.932
1,000
3,000
20.000
5,000
33,962
12,995
13.330
7,486
1,465
10.819
2,597
64.948
1,150,068
(877.167)
1,399
339,248
TOTAL OF FUNDS
455,166
1,716,990 {1,512,020>
660,136
Included in unrestricted funds were designations a5 follows..
Youth I Special Educational Needs £13,135
Premises Repairs £14,590
Human Resource5 £30.000
A Child Friendly Neighbourhood £50,546
Community Services £16,552
IT Support £10,000
Three Months, Operational Costs £125,000
TOTAL £259,823
Page 26

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
14. SUMMARY OF FUNDS
SUMMARY OF FUNDS - CURRENT YEAR
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expenditure
Unrestricled funds
Restricted funds
320,888
339,248
680,009
773,199
(553,182}
(891,138)
447,715
221,309
660,136
1,453.208 (1,444,320)
669,024
SUMMARY OF FUNDS - PRIOR YEAR
Balance at
31 March
2023
Balance at 1
April 2022
Transfers
inlout
Income Expenditure
Unrestricted funds
Restricted funds
390,218
64,948
566,922
1,150,068
(634.853)
(877,167)
11,3991
1,399
320.888
339.248
455,166
1,716,990
(1,512.020)
660,136
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Debtors due after more than one year
Current assets
Creditors duewithin one year
49,514
171,795
49,514
669,228
(49,718)
497.433
(49,718)
TOTAL
221,309
447,715
669,024
Page 27

THE SPRINGFIELD PROJECT
(A COMPANY LIMITED BY GUARANTEE}
NOTES TO THE FINANCIAL STATEMENTS {Continued>
FOR THE YEAR ENDED 31 MARCH 2024
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS (Continued)
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Restricted Unrestricted
fund5
funds
2023
2023
Total
funds
2023
Debtors due after more than one year
Current assets
Creditors due within one year
138,472
200,776
138,472
567,502
(45,388)
366,726
(45,838)
TOTAL
339.248
320,888
660,136
16. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net incomelexpenditure for the year (as per Statement of Financial
Activities)
8,888
204.970
ADJUSTMENTS FOR:
Decreasel(increasel in debtors
Increasel(decreasel in creditors
83.448
3,879
(125.692)
(90,089)
NET CASH USED IN OPERATING ACTIVITIES
96,215
(10,811)
17. ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash in hand
517.225
421.010
TOTAL CASH AND CASH EQUIVALENTS
517,225
421,010
Page 28

THE SPRINGFIELD PROJECT
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {Continuedl
FOR THE YEAR ENDED 31 MARCH 2024
18. ANALYSIS OF CHANGES IN NET DEBT
At 1 April
2023 Cashflov
At 31 March
2024
Cash at bank and in hand
421,010
96,215
517,225
421,010
96,215
517,225
19. PENSION COMMITMENTS
The Charity operates a defined contribution pension scheme for all employees, the cost ofwhich amounted
to £24.037 (2023= £24,465) The assets of the scheme are held separately from those of the Charity in an
independently administered fund. The pension cost charge represents contributions payable by the Charity
to the fund. Contributions (employee and employer) totalling £NIL12023'. £NIL) were payable to the fund at
the Balance Sheet date.
20. OPERATING LEASE COMMITMENTS
At 31 March 2024 the Charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows..
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
9,783
24,249
10,197
33,333
34,032
43,530
21. RELATED PARTY TRANSACTIONS
The Charity has a close relationship with St Christopher's Church by reason of Trustees IA Roper-
Hall and T Thomas) who serve on both Boards. There are a number of transactions involving the Church
either way. by contributions from the Church towards specific project costs, or for shared occupancy and
administration costs. In addition the Charity makes payments to the Church in respect of use of premises.
During the year total contributions received from St. Christopher's Church totaled £10,464 {2023=
£9.749), and total payments made to the Church totaled £3,722 {2023= £4,250). At the year-end there was
a balance of £2,23812023.' £5,471) owed by the Church, and a balance of £Nil {2023.- £Nil} owed to the
Church.
The Charity has a relationship with Make11 Sustainable Ltd by reason of one trustee (H Greenwood) who
serves on both Boards. During the year payments made to Make It Sustainable Ltd totaled £Nil12023'.
£Nil).
A family member of a trustee provided training services to the value of £200 {2023 £0). This was subject to
normal procurement procedures and approved by the trustees after excluding the connected trustee.
Page 29