CHAIUTY NUNtBER: 1146873
COhtPANY Nu]￿BER. 05431986
NEWTOIITh & VICTORIA SPRtNGBOARD LTD
A ColNIP￿Ny LLMITED BY GUARANTEE
ANNUAL RFPORT AND FINANCTAL STATEMENTS
FOR THE YEAR EJI ￿ED 31 MARCH 2024

NEwfoiiry & VICTORI.A SPRINGBOARD LTD
NUAL REPORT AND FII"AINCIAL STATElkIEN"TS
FOR THE YE.4R E￿"DED 31 MARCH 2024
CONTENTS
PAGE
Reference and AdministTative Inforniation
Annual Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8- 10

NEWTOWN & IqCTORIA SPRINGBOARD LTD
REFERENCE AS'D ADNItNISTRATIVE INFORMATION
FOR THE YEAR E￿DED 31 MARCH 2024
Ch2rity name:
Newtown & Victoria Springboard Ltd
Working name:
Victoria Park Con)munity Centre
Charity Re(FiStration Number:
1146873
Company Registration Number:
05431986
Registered Office:
Victoria Park Drive
Bridgwater
Sornerset
TA6 7AS
Trustee Dlreetors:
The following Trustee Directors were in office as at the date of this report:
Mr G Hutshes
Mrs L Fowler
MrMJLerry
Ms LC Russ
Mrs S Grafton
MrIKButt
Mrs L Mead
Mrs C Burbridge
Mr L Duddridge
Mrs E Marsh
Company Secretary (resi.Lmed 13 June 2023)
tb
Company Secretary (appointed 13 June 2023)
Chainnan
Resigned 16 August 2024
Other Trustee Directors who held office during the year were as follows:
None
Accountants and
Independent Examiners=
Michael J. Dodden & Co.
Chartered Certified Accountants
34 North Street
Bridgwater
Somerset
TA6 3YD
Bankers:
Lloyds TSB
25 Cornhill
Bridgwater
Somerset
TA6 3AY
Page I

NEWTOWN & VICTORI.A SPRINGBOARD LTD
ANNUAI. RF.PORT OF THE TRL:,STEES
FOR THE YEAR ENI DED 31 Tr1.4RCH 2U24
The Trustees present their report and the financial statements for the year ended J l March 2024.
REFERENCE AND ADMINISTRATIVE INFOILMATION
The reference and administrative inforniation set out on page I forn]s part of tliis report.
STRUCTURE GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, incoryorated on 21 April 2005 and
registered as a charity on 13 April 2012. Tlie company was established undei. a Meinoranduiii of
Association which established the objects and powers of the charitable company 2nd is governed
under its Articles of AssocÈation. In the event of the company being wound up mcmbers arc rcquii'ed
to contribute an amount not exceeding £1.
The directors of the company are also charity trustees for the pU￿oseS of charity law. Under the
requirements of the Memorandum and Articles of Association, the iiiembers of the Board of Trustee
Directors are elected to serve for a period of three years after which they must be re-elected at the
next Annual General Meeting.
OBJECTIVES AND ACTIVITIES
The objects of the charity, as set out in its governing document, are to benefit tlie resideiits of
Bridgwater, Somerset, and the surrounding area, without distinclion of sex, sexual oi'ientation, race
oi. of political, religious or other opinioiis by associating together the said residents and the local
authorities, voluntary and other organisations in a common effort to advance education and to provide
facilities in the interests of social welfare for recreation leisure tiine occupation with the objective of
improving the conditions of life for the residents,
In furtherance of these objects but not otherwise, the cliarity has secured the establishinent of a
cornmunity centre and maintains, manages, and co-operates with any statutory authoi'ity in the
maintenance and management of the centre for activities promoted by the chai'ity in fui"thei'aiice of
the above objects.
ACHIEVEMENTS AND PERFORMANCE
During the fmancial year 2023 1 2024 the charity continued to navigate a Cost of Living Ciisis with
energy and raw supplies costs increasing exponentially. With the end of governinent funding to
support this, prices were raised sightly to counteract. The centre was fortunate to successfiilly receive
funding to cover some energy costs. The grant also funded a supplementaiy 'waiin bap ￿]d hoi di"ink'
initiative to support customers. ThRS was well received and supported over 200 people. Despite the
challenging price increases, improvements were inade to the centre, repairs to the illaiji fi.ont doors,
and unexpected failures led to purchasing replacement water pumps and commercial fans.
Lunch Club and Youth club continue, youth club fvnding ended in July 2023 and the centie conLinued
to fund the much-needed provision. Further funding is being sought. The Panty has grown to reacli
its maximum membership, and thrtber funding was success￿] 10 employ a Part-time panlry
coordinator, increase the membership and create 'zero waste. community events. These will take
place in the new financial year.
Page 2

The onsite Pharniacy began the process to change hands, there was a delay due to local authority
changes and the lease was due ro be completed by January 2024. Unfortunatrly, further delays have
been faced through no fault of their own and revenue been impacted greatly by this.
FINANCIAL REVIEW
The company also has a capital reserve fund for costs outside of nornial operational costs.
During 2023 12024 no funds were spent from the capital reserve.
The cornpany also continues to hold an independent reserve account separate to its trading accounts
to ensure it meets the requirements of the charity commission of having a financial reserve of approx.
3 months expenditure.
The cornpany secretary who is the Company RFO alongside the Company bookkeeper continue to
monitor the potentially taxable supplies of the company on a rolling 12 month basis to ensure these
supplies do not exceed the HMRC VAT threshold which was £85,000 in the year under review
incre&sing to £90,000 from l . April 2024.
This report has been prepared in accordance with the Statement of Recomrnended Practice:
Accounting and Reporting by Charities (FRS 102) and in accordance with the special provisions of
Part I S of the Companies Act 2006 relating to small companies.
Approved by the Trustees on 5 November 2024 and signed on their bebalf by".
MrMJLery
Chair of the Board
Newtown and Victoria Springboard Ltd
th
5 November 2024
Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
EwfowN & VICTORI.4 SPRINGBOARD LTD
FOR'I"HE YEAR F.VDF.D 31)qARCH 20?4
I report on the fmancial statements of the company for the year ended 31 Marcli 2024, which are set
out on pages 5 to l O.
Respective Responsibilities of Trustees and Examiner
The Trustees (who are also the directors of the company for the pury)oses of company law) are
responsible for the preparation of the financial statements. The charity's trustees consider that an
audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and
that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company la￿, and is eligible for
independent examination, it is my responsibility to:
examine the accounts under Section 145 of the Charities Act.
to follow the procedures laid down in the General Directions given by the Charity Coiiimission
under Section l45(5)(b) of the Charities Act; and
to state whether particular matters have come lo my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Dii'ections givcn by tlie Cliarity
Commission. An examination includes a review of the accounting records kept by the chai'ity and a
cornparison of the financial statements presented with those records. It also includes considei'ation
of any unusual items or disclosures in the financial statements, and the seeking of explaiiations froiii
you as trustees concerning any such matters. The procedures undertakeii do iiol provide all the
evidence that would be required in an audit and, consequently, no opinion is given as to whethei tlie
rinancial statements present a 'true and fair view, and tlie report is limited to those inattei's set out in
the statement below.
Independent Examiner's Statement
In connection with my examination, no material inatters have come to our attention which gives ine
reasonable cause to believe that, in any material respect:
a) the accounting records were not kept ill accordance with Section 130 of the Charities Act; oi.
b) the accounts did not accord with Lhe accounting records.
I 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 lo be reached.
Michael J. Dodden & Co.
Chartered Certified Accountants
34 North Street
Brid
ater
Am), Cleaveley FCCA ATT
Date:
Pa8e 4

NEwfowN & VICTORIA SPRINGBOARD LTD
ST.4TETrIENI T OF F￿ANCIAL ACTIVITIES
FOR THE YEAR EliDED 31 MARCH 2024
Unrestricted Restricted
Funds
Funds
Totsl
2024
Total
2023
Note
INCOMING RESOURCES
Grants and donations
Activities for generating funds".
Rents receivable
Facility charges
Other fundraising activities
Bank interest
Capital Maintenance Contribution
Total incoming resources
19,540
15,236
34,776
65,500
140,915
108,017
6,057
4,676
140,915
108,017
6,057
4,676
146,684
67,910
8,991
1,969
?79,205
15,236
294,441
293,924
RESOURCE,$ EXPENI)FD
Costs of generating funds=
Openino Stock
Facility costs
Less: Closing stock
Printing. postage and stationery
Telephone
Computer costs and subscriptions
Sundry expenses
Charitable activities:
Direct costs
Staffing costs
Rates, insurance and utilities
Repairs and maintenance and hire
Cleaning
Governance costs:
Legal fees
Accountancy and bookkeeping
Bank charges
Depreciation of assets
2,000
36,262
(2.821)
1,244
1,811
3,650
1,015
2,000
39,186
(2.821)
1,244
1,811
3,650
1,015
2,000
27,651
(2.000)
971
1,684
2,614
1,880
2.924
1,120
147.074
54,179
26,725
1,418
3,335
1,873
3,000
4,455
148,947
57,179
26,725
1,418
1,600
140,273
32,015
21,318
2,205
3,443
4.723
539
3,91 I
3.443
4,723
539
3,911
300
1.869
495
4,053
Total resources expended
286,293
11,132
297,425
238,928
Net inl(out) resources for the year
(7.088)
4.104
(2,984)
£54,996
Total funds brought foriyard
241,181
25,378
266,559
£211,563
Restricted funds spent on fixed assets
130
(130)
Total funds carried forward
234 ?23
29,352
263,575
£266,559
All activities of the clwity are continuing operations.
Page 5

NEWTOWN & VtCTORIA SPRINGBOARD LTD
BALA_YCF. SHEET
AS AT 311%.LIRCH 2024
2024
2023
Note
FIXED ASSETS
Tangible fixed assets
l],649
12.156
CURRENT ASSETS
Stock
Accrued income
Debtors and prepayments
Cash at bank and in hand
2,821
13,474
17,979
283,444
2,000
23,394
312,240
317,718
337,634
CREDITORS: AMOUNTS
FALLING DUE WITIIIN ONE YEAR
Trade creditors
Other creditors
Accruals and deferred income
1,182
903
63,707
911
82,320
65,792
83,231
NET CURRENT ASSETS
251,926
254,403
NET ASSETS
263,575
£266,559
REPRESENTED BY:,
Restiicted funds
Unrestricted ￿ndS
29,352
234,223
25,378
241,181
TOTAL FUNDS
263,575
£266,559
The dii"ectors' statements required by Sections 475(2) and (3) are shown on the following page which
foms part of this Balance Sheet.
Page 6

NEwfowN & VICTORIA SPRINGBOARD LTD
ANNUAL REPORT OF TItE TRLTSTEES
FOR THE YEAR E_NDED 31 ￿L￿RCH 2024
In approving these financial statements as directors of the company we hcreby confirni:
a) that for the year stated above the company was entitled to the exemption conferred by Section
477 of the Companies Act ?006.
b) that no notice has been deposited at the re(Yistered office of the company pursuant to Section
476 requesting that an audit be conducted for the year ended 31 March 2024. and
c) that we acknowledge our respoDsibilities for:
l ) ensuring that the company keeps accounting records which comply with Section 386. and
2) preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of the financial year and of its profit or loss for the year then ended
in accordance with the Tequirements of Section 393 and which otherwise cornply with the
provisions of the Compallies Act 2006 relating to fillancial statements. so far as applicable
to the company.
These accounts have been prepared in accordance with tbe Statement of Recommended Practice:
Accounting and Reporting by Charities (revised 2005) and in accordance with the special provisions
of Part 15 of the Companies Act 2006 relating to smakl companies.
The financial statements were approved by the Board on 5 November 2024 and signed on its
behalf by
Mr. M J Lerry
Chairman
Mrs. L Fowler
Company Secretary
Company registration number 05431986
Page 7

NEWTOWN & VtCTORIA SPRINGBOARD LTD
NOTES TO THE FINA.NCIAL STATENJENTS
FOR THE YF..4R ENDED.11 NI.IRCH 2024
ACCOUNTING POLICTES
Basis of Accounting
The Financial Statements have been prepared Rn accordance with the liistorical cost
convention, applicable accounting standards, the Statement of Recoinmended Practice:
"Accounting and Reporting by Charities" (FRS 102) and the Charities Act ?01 l. The
principal accounting policies which have been adopted on a consistent basis withiii tliat
convention are set out below.
Incoming Resources
Income is recognised in the year in which the Charity is entitled to receipt and the ainount can
be measured with reasonable Certainty.
Grants and donations are recognised on a receivable basis. Grants and donations i'eceived foi.
the general purposes of the Charity are credited to unrestricted funds. Grants aiid donations
subject to specific wishes of the donors are carried to relevant restricted funds.
Resources Expended
Resources expended are accounted for in the year in which they al'e incuiTed. Tlie Chai'lty is
not registered for VAT and consequenily input VAT payable on expenses is included within
the item of expense to which it relates.
Where an item of expenditure falls directly within one cost category it is attributed to that
category only. Where expenditure iiivolves more than one category it is apportioned on a
reasonable and justifiable basis.
Tangible Fixed Assets and Depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of eacli
asset over its expected useful life, as follows:
Equipment
Fixtures and fittings
Computer equipment
25 % reducing balance
25 % reducing balallce
330/0 straight line
Restricted Funds
Restricted funds arise where donors place restrictions on how the inoney can be spent. Botli
the income and capital of the funds may be applied for the particular charitable Purposes.
Unrestricted Funds
These are fl￿dS whRch can be used in accordance with the chaTitable objects at the discretioii
of the Trustees.
Page 8

EWTOWN & VICTORIA SPRINGBOARD LTD
NOTES TO THE FTh.ANCIAL STATEMENTS
FOR THE YEAR ENDED 31 K4RCH 2024
2. STAFF COSTS AND EMOLUMENTS
2024
2L123
Wages and salaries
Employer's National Insurance
Employer's Pension costs
Staff Training
143,438
2.714
2,795
134,881
1,307
3,047
1,038
148,947
140.273
There were no employees with emoluments above £60,000 in either the Cu￿ent or previous year.
None of the Trnstees received any rernuneration or reimbursement of expenses from the Charity
during either the CU￿ellt or previous year.
3. TANGIBLE FIXED ASSETS
Fixtures and Computer
Fittings Equipment
Equipment
Total
COST
At l Apri12023
Additions
12,787
2,098
34,707
1,050
6,767
256
54,261
3,404
At 31 March 2024
14,885
35,757
7,023
57.665
DEPRECIATION
At l April 2023
Charge for the year
9,640
1,311
25,698
2.515
6.767
85
42,105
3,911
At 31 March 2024
10,951
?8,213
6,852
46,016
NET BOOK VALUES
At 3 1 March 2024
£3,934
£7,544
£171
£11,649
At 31 March ?023
£3,147
£9,009
£12,156
All tangible fixed assets are used in the direct fifftherance of the Charity's objectives.
Page 9

NEwfowN & VICTORIA SPtUNGBOARD LTD
NOJ'ES TO THF. FINA)'CIAL STATETrIENTS
FOR THE YEAR ENDED 31 MARCH 2024
4. RESTRICTED FUNDS
Balance
Brought
Incoming
Fonvard Resources
Balance
Carried
Forward
Resources
Expended
Community interest
SDC - 2018 Summer activities
B TC - Young parents group
BTC-2018
SDC Summer Activities 20 I7
B TC Youth Grant
BTC Grant Specific - 2018119
Suinmer Fair 20201?021
SCC - Lunch Club
Active Living
Al't Club
BTC Lunch club
Pantry - SDC
SCC Community Hub Grant
Cost of Living Fund
Zero Waste Fund
399
400
354
980
64
602
1,872
1,757
500
4,149
670
500
3,131
i 0,000
399
400
354
543
64
1,102
(437)
500
(1,872)
(1,585)
172
500
3,767
670
68
2,376
8,436
781
9,720
(382)
(432)
(755)
(1,564)
(4,235)
5,016
9,720
£25,378
15,236
(11,262)
£29,352
Page 10