CHARITY NUMBER: 1146873 COMI)ANY IYUMBER: 05431986 NEW'I'OWN & VICI'OIIIA SI)RINGIIOARD LTI) A COMI)ANY LIMI'I'ED BY GUARAN'I'EE ANNUAL IIFI)ORT ANI) FINANCIAL STATCMENTS OR I'HE YEAII ENI)ED 31 MARCFI 2025
NEWTOWN & VICTORIA SPRINGBOARD LTD ANNUAL REI)ORT AND FIINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Reference and Administrative Information Annual Report of the 'I'rustees Indcpcndcnt Examiner's Report Statement of l.'inancial Activities Bal<ince Sheet Notes to the14illiinci<il St(Itemcnts 8- 10
NEWTOWN & VICTORIA SPRINGBOARD LTD REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 Charity name: Newtown & Victoria Springboard Ltd Working name: Victoria Park Community Centre Charity Registration Numbcr: 1146873 Company Registration Number: 05431986 RegiI4tercd Office: Victoria Park Drive BridLiwater SomLrset 'I'A6 7AS Trusitcc l)ircctors: 'J'he following 'l'rustee Directors were in office as at the date of this report: Mrs L Powler Mr M J LL'rry Ms LC Russ Mrs S Grafton MrlKButt Mrs L Meiid Mrs C Burbridgie Mr L DuddridLie Mrs L Mursh Mrb M Lewis Company Secretary Chairman th Rcsigined 10 October 2025 th ResiLincd 10 October 2025 th Resi&Jned l O October 2025 Ih Resigined ) 6 AuLFUSt 2024 Ih Appointed 16 Au&Fust 2024 Other 'l'rustee Directors who held office duringi the year were as follows: Accountants and Independent Examiners: Michael J. Dodden & Co. Chartered Certified Accountants 34 North Street BridLFwater Somerset 'I'A6 3YD Bankers: Lloyds I'SB 25 Comhill Bridgwater Somerset "rA6 3AY Pag7e I
NEWTOWN & VICTORIA SPRINGBOARD LTD
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
I'he 'l'rustees present their report and the financial statements for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE INFORMATIOIY
"I'he reference and administrative infonnation set out on pagie I fonns part of this report.
STRUCTURE GOVERNANCE AND MANAGEMENT
'I'he orLianisation is a charitable Lompany limited by giuarantee, incorporated on 21 April 2005 and
rLgiistercd as a charity on 13 April 2012. '1'hL' L'ompany was LstablishL'd undLr a ML'mor£indum of
AbsuLiation whiLh LstablishL.d thL' objeL'ts and powLrs of thL Lh(Irit(IblL Lompiilly
'I'he teniint of the onsite Pham]acy went into liquidation. a further company attempted to rescue however havinLi acted in faith and good trust for a siginificant period the charity started a process to evict. We've been workingy with le&7al teams to attempt to get the best possible outcome for the charity however, leLial fees and unpaid revenue will negatively impact the charity finances. As we move into the new financial year a new tenant is being3 SOUgFht for the premises and revenue will be on track. Overall, the community centre has seen increased usage, particularly in the cafe area; with the planned changyes to diversify capabilities we are positive th¢lt the centre remains a sustainable beating heart within the community. FINANCIAL REVIEW 'I"he company also has a capital reserve fund for costs outside of nonnal operational costs. Duringy 2024 12025 no funds were spent from the capital reserve. 'I'hL company also Lontinues to hold an indepcndLnt rLsL'rve account separatL' to its Irading aL'counts to ¢nsurL it mL'Lts the rL'quiremLnts ot'the charity commission of havingy a financial reserve of approx. 3 months LxpLnditure. "I'he Lomp(Iny seLretary who is the Company Rbo alongiside the Company bookkeeper continue to monitor thL potLntiully taxable suppliL's of. the company on ti rulling 12-month basis to ensure these supplies do not exLLed the HMRC VA'J. thr¢shold which was £90,000 in the year under revicw. 'I'his report has been prepared in (Iccord£illLe with the St<ltement of Recommended Practice: ALLounlinLi lind Reportingy by Ch(Irities (I4RS 102) (Ind in accord(Ince wilh the special provisions of Part 15 of the Comp£mies Al't 2006 relatinLF to small companies. Ih Approved by the 'l'rustees on 9 December 2025 and siuined on their behalf by: MrMJLerry Ch(iir of thL Board Newtown and ViL'toria Sprin&Jboard Ltd Ih 9 DL'cLmber 2025 Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEWTOWN & VICTORIA SPRINGBOARD LTD FOR THE YEAR ENDED 31 MARCH 2025 I report on the financial statements of the company for the year ended 31 March 2024, which are set out on P¢igies 5 to l O. Respective Responsibilities of Trustees and Examiner 'I'he 'l'rustees (who are also the directors of the company for the purpuses of company l(Iw) are r¢5pon5ible for the preparation of the financial statemLnts. 'I"he charity's trustees L'onsider thilt an audit is not required for this year under seL'tion 144 of the Charities Act 2011 (the LhariliLs Act) and th<lt an independent exdmination is needed. Havingy satisfied myself that the charity is not subject to audit under L'ompany law and is eligiible for indLpLndL'nt exuminulion, it is my rLsponsibility to: examine thL accounts under Section 145 of the Charities Act; to follow the pruL¢dures laid down in the GenLrul DireLtions &7ivLn by the Charily Commission under Section 145(5)(b) of the Charities Act. dnd to stdte whethLr particuliir mattLrs have come to my attenlion. Basis of Indcpendcnt Examlncr's JIL'port My examin(Ition was carried out in acLordance with the General Directiuns &yiven by the Chtirity Commission. An Lxiimindtiun inLludL's (I review uf the (Iccounting) rLL'urds kL'pi by ihL' Lhtirity and a comp(ITibon of thL fin(mLial stiltLmL'nts prcsL'ntL'd with thos¢ rcLords. It also inLludL's LunsidLralion of any unusual itLms or disLIosurLs in thL financial st(Itements, and thc seekinLy of L'xplanations from you as trusteL's LonLLminb7 any such matters. 'I'he proceduris undL'rtuken do not providL all thL' evidenLe that would bL requirLd in an audit und, cunsequently, nu opinion is Lyiven us to whL'thL'r thL fin(InLiul stutements present a 'true and fair view, and thL report is limited to thusL matters sLt out in the statement below. IndcpcndL'nt Examincr's Statcmcnt In conneL'tion with my examinalion, no materidl malters have L'ome to our attLntion which glives me reasonable L'ause to believe that, in any matLrial rLspL'Lt: a) the accountin&i r¢cords were not kcpt in accordance with SL'ction 130 of the Charitics Act. or b) the accounts did not accord with the accountinLF records. I h&ive come (Icross no other matters in connection with the examination to whiLh dttention should b drawn in this report in order to enable a proper understanding of the financial statements to be reached. Michael J. Dodden & Co. Chartered Certified Accountants 34 North Street Brid )water JC CCA ATT Date". Pagic 4
NEWTOWN & VICTORIA SPRINGBOARD LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted Funds Funds Total 2025 2024 Note INCOMING RESOURCES Grants and donations Activities for LyeneralingF funds: Rents receivable aLility chiirgies Other fundriiisingy activities Bank inlcrLst Capital MuintenunL'c Contribution Total incomin&F resource 20,000 57,977 77,977 34,776 141,322 111,480 6,512 5,265 141,322 111,480 6,512 5,265 140,915 108,017 6,057 4,676 284,579 57,977 342,556 294,441 RF &iOURCES EXI)LNI)FI) Cosls ot. gienerating7 funds: OpL'ninbi Stock iaLility L'ost5 LLSS: C'losinLi stuck Printing, postugL st(Ilionery .1 elL'phonL Computer costs and subscriptions Sundry LxpLnsL's ChdritablL aclivitiL's: Direct Losts St(Ifiin&F Costs RatL's, insuranLC and utilitiL's Rcpiiirs and maintenanLL and hire CIL'aning GovernanLL' L'osts: Legyal fees ALLountanLy and bookkeepin Bank Lhargies Bad Debts Depreciation of assets 2,821 32,997 (2,633) 1,256 2,011 3,829 637 2,821 41,583 (2,633) 1,256 2,011 3,829 636 2,000 39,186 (2,821) 1,244 1,811 3,650 1,015 8,586 592 170,210 42,059 13,278 3,893 592 175,150 48,839 13,278 3,893 4,455 148,947 57,179 26,725 1,418 4,940 6,780 3,678 3,441 673 2,072 3,185 3,678 3,441 673 2,072 3,185 3,443 4,723 539 3,911 Total resources cxpendcd 283,998 20,306 304,304 297,425 Net inl{out) rcsources for the year 581 37,671 38,252 (2,984) Total fund5 brought forward 234,223 29,352 263,575 266,559 Restricted funds spent on fixed assets Total funds carried forward 234,804 67,023 301,827 263,575 All activities of thc charity are continuing operations. Page 5
NEWTOWN & VICTORIA SPRINGBOARD LTD BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note FIXED ASSETS 'I'angyible fixed assets 9,498 11,649 CURRENT ASSETS Stock AL'L'rued income Debtors and prLpayments L%ish at bunk and in hand 2,633 968 30,701 330,394 2,821 13,474 17,979 283,444 364,696 317,718 CIIEDI'foRS: AMOUNTS FALLING DUE WITHIN ONE YEAR '1 r(Ide crL'ditors OthL'r crL'ditors AL'Lruals and deferred income 4,921 3,519 63,927 1,182 903 63,707 72,367 65,792 NET CURIIENT ASSETS 292,329 251,926 IYET AS&iETS 301,827 263,575 IIFI)RESENTED IIY:, IILè>triLtL'd tunds UnrestriLtLd funds 67,023 234,804 29,352 234,223 TOTAL FUNDS 301,827 263,575 'I'he direL'tors' statements required by Sections 475(2) and (3) are shown on the following paLie which forms pijrt of this Balance Sheet. Pa&ye 6
N£WTOWN & VICTORIA SPRINGBOARD LTD ANNUAL REI)ORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 In approving7 these financial statements as directors of the company we hereby confirm: a) that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006; b) that no notice has been deposited at the regiistered office of the company pursuant to Section 476 requcstin&i thilt an audit be L'onducted for the year ended 31 March 2025; and c) that we acknowledgFe our responsibilities for: l) ensuringy that the company keeps accountin&F records which comply with Section 386; and 2) preparingi financial statements which giive a true and fdir view of the stilte of affairs of the company as at the end of thc financial year £u]d of its profit or1055 for thL yL'ar then ended in accordanL'e with the requirements uf SeL'tion 393 and whiL'h otherwise Lomply with the provisions of the Compdnies AL't 2006 relutingi to finanL'iul statements, su far as Èippliciible to ihL' Lompany. 'I'hese accounts have been prepured in accordance with the Stalement of Recommended l)ractice: Accounlin&y and Reportingy by Ch(Irities (revised 2005) and in iiccord<inLe with thL' SPLLidl provisions of l)art 15 of ihe Companies Act 2006 relatingF to small companies. th 'I'he financial statements were approved by the Bo&ird on 9 DeLember 2025 and siL3ned on its bchalf by Mr. MJ Lerry Chiairman Mrs. L Fowler Compiiny SLcretary Company reLiistration number 05431986 Page 7
NEWTOWN & VICTORIA SI>RINGBOAIID LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUIYTING I>OLICIES Basis of Accounting 'I"he 14inancial Statements have been prepared in accordance with the historical cost convention, applicable accountingy standÉirds, the Statement of Recommended Practice: "AL'countingi <d Reporting by Charities" (liRS 102) and the Ch(Irities ALt 2011. 'I"hL principal acL'ounting poliL'ies which have been adopted on a consistent basis within that convention arL set out below. Incoming Resource InL'omL is rLcoginised in the year in whiLh the Charity is entitled to rL'ceipt and the amount cun bc measured with reasonablL Lertainty. Grants and donations arL' recogynised on a recL'ivable basis. Grants und donations rLcLivLd for the gyeneral purposes of the Charity are L'reditLd to unrestriL'ted funds. (ir(IntS <ind donations subject to specific wishes of the donors are carried to relevit rLstricted funds. RL'sources Expended ResuurLes expendLd (Ire accounted for in the year in which they are inL'urred. 'I'he Charity is not re&iistcrcd for VA'I, and consL'quently input VA'I. pay(Ible on expLnsL's is includL'd within the item uf expense to whiLh it relates. WhL'rL ¢U] item of L'xpcnditurc f(Ills dirLctly within one Lost L'atL'&lOry It is uttributcd to Ihat L'ateL)ory only. Where CXPLnditurc involves more than one catcgyory it is apportionL'd on a rcabon(Ible tind justifidblL basis. Tangible Fixed AssL't¥ and Dcprccialion DL'prLLidtion is provided at rdtes L'alL'ulated tu write uff the L'ost less residual valu¢ of eilLh asset over its expL'L'ted useful life, as follows: quipment ixtures and fittings Computer equipment 25 % reducin&i balance 25 % reducing b£ll£ce 33 % straigyht line Restrictcd Funds Restricted funds arise where donors place restrictions on how the money can be spent. Both the income and capital of the funds may be applied for the particular charitable PUTPOSCS. Unrestricted Funds 11]ese are funds which can be used in accordance with the charitable objects at the discrction of the "frustees. PaLye 8
NEWTOWN & VICTORIA SPRINGBOARD LTD NOTES TO THE FINANCIAL STATEMEN'rs FOR THE YEAK ENDED 31 MARCH 2025 2. STAFF COSJTS AIYD EMOLUMENTS 2025 2024 WaL7es dnd salaries Employer's Nation<il Insurance Employer's l)ension Losls Staff 'I rainin 167,329 4,601 3,145 75 143,438 2,714 2,795 175,150 148,947 'I'herL were no employL'es with emoluments above £60,000 in either the currL'nt or previous year. Nonc of thL I'rustLL'b rL'LLived any rLmuneration or reimbursement uf L'xpenses from the Charity duringi LithL'r the Lurrent or previous year. 3. TANGIIILE FIXVD ASSETS Fixtures and Computer Fittings Equipment Equipmcnt Totlll At l April 2024 Additions 14,885 35,757 1,034 7,023 57,665 1,034 At 31 March 2025 14,885 36,791 7,023 58,699 DEIJRECIATION At l April 2024 ChargyL fur the year 10,951 983 28,213 2,145 6,852 57 46,016 3,185 At 31 March 2025 11,934 30,358 6,909 49,201 NET BOOK VALUES At 31 March 2025 £2,951 £6,433 £114 £9,498 At 31 March 2024 £3,934 £7,544 £171 £11,649 All tanLFible fixed asscts are used in the direct furtherance of the Charity's objectives. Page 9
NEWTOWN & VICTORIA SPRINGBOARD LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4. RESTRICTED FUNDS Balance Brought Fonvard Balance Carried Forward Incoming Resources Resources Expcndcd Community interest Youth ALtiviliL's Lunch Llub Pdntry- SDC SCC Community Hub Griint Lero Waste I,'und HLlp 'l'hrougih Winter HPC Community I,'und 6,252 1,456 1,112 2,376 8,436 9,720 (789) 5,463 1,456 320 2,376 6,759 1,512 3,544 45,593 350 (1,142) (1,677) (8,208) (7,456) (1,034) 11,000 46,627 £29,352 57,977 (20,306) £67,023 Pagye 10