## Springs Family Centre
Report and Accounts Year ended 31 July 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **SPRINGS FAMILY CENTRE**
## **LEGAL & ADMINISTRATIVE DETAILS**
## **FOR THE YEAR ENDED 31 JULY 2024**
ADDRESS FOR CORRESPONDENCE
9 Tower Street Northampton Northamptonshire NN1 2SN
GOVERNING DOCUMENT
Constitution dated 27 February 2019 as amended on 30 March 2023 and 14 December 2023
CHARITY REGISTRATION NUMBER 1184510 TRUSTEES RESPONSIBLE FOR T. Adelegan MANAGING THE CHARITY E. Agudosy (resigned 16 May 2024) L. Dewa (appointed 16 May 2024) D. Fernandes (appointed 16 May 2024) R. Goldring I. Muhungi (resigned 31 January 2024) L. Smart (appointed 16 May 2024) O. Ubahakwe P. Worth (appointed 16 May 2024)
INDEPENDENT EXAMINER
Archie McDowall BA CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
## **INDEX**
Page 1 Legal & Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8-10 Notes to the Accounts
Page 1
## **SPRINGS FAMILY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024.**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2024.
## **OBJECTIVES AND ACTIVITIES:**
The charity is governed by a constitution and is constituted as a charitable incorporated organisation. Springs Family Centre is situated in an area of ten per cent most deprivation in England. It is a rich diverse community. The charity’s principal objects as set out in its governing document are:
1. To further or benefit the residents of Spring Boroughs, Castle Ward and Northampton, without distinction of sex, sexual orientation, race or of political, religious or other opinions 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 and leisure time occupation with the objective of improving the conditions of life for the residents. In furtherance of these objects but not otherwise, the trustees shall have power: To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.
2. The relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment.
3. To act as a resource for young people up to the age of 25 living in Spring Boroughs, Castle Ward and Northampton by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: (a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; (b) advancing education; ( c) relieving unemployment; (d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
4. The above objects will be carried out within a Christian ethos.
## **Public benefit:**
The trustees have had regard to the guidance issued by the Charity Commission in relation to public benefit and believe that all the activities of the charity comply.
## **Staffing:**
The small team of staff and volunteers strive to provide the very best for the service users and community. All of this is provided free at the point of use so it can be accessed by all in need.
## **General:**
Having developed a street level centre in an area of ten per cent most deprivation in England during the year the activities have continued and expanded. Demand continues for our Food Bank and Jobsclub services. With young people we have expanded our range of sports to include short tennis and pickleball. Our music recording studio is in great demand and has taken on a specialist role diverting youth from gang and knife crime and keeping them out of the criminal justice system. The work of the studio was showcased in a presentation in Westminster. During the year we held a
2
Celebration of 15 years of Springs Family Centre with service users, volunteers, staff, supporters, The High Sherrif of Northamptonshire and the Mayor and Mayoress in attendance.
## **Looking back over the year:**
A very successful year for Springs Family CIO has taken place and all of the trustee targets have been achieved.
The trustees hoped to:
- Widen the funding streams to increase income – this has been achieved and substantial additional funds have been brought in to support the CIO achieve its aims.
- Substantially increase the number of volunteers and support for them by employing a part time volunteer co-ordinator – a part time volunteer co-ordinator has been appointed and we begin to work with additional volunteers.
- Seek long term funding for a part time project manager to co-ordinate the different aspects of youth work and employ a part time youth work project manager – funding was achieved and a part time youth work project manager has been appointed.
- Facilitate training for Deputy Development Manager as part of Succession Planning to take place during 2025 – training for Deputy Development Manager has continued during year as part of Succession Planning.
- Strengthen, enlarge and upskill the trustee team – the trustee team has been enlarged from 4 to 7 and training for trustees has taken place.
## **Looking forward August 2024 – July 2025:**
The trustees hope:
- For trustees, staff, volunteers and service users to work together to construct the next three year Development Plan to be approved at the Spring 2025 AGM to be implemented in the Autumn of 2025.
- To achieve long term funding for the Development Manager Role
- To achieve long term funding for the diversion from youth violence and knife crime group and keeping youth out of the criminal justice system
- To ensure trustees take on their full responsibilities to aid Succession Planning
- With additional support and training Succession Planning will be complete by the end of July 2025 with the Deputy Development Manager taking full control
## **Financial position:**
During the year income increased by £26,799 to £111,312, and expenditure increased by £19,276, to £106,670. As a result the cash held by the charity increased by £4,426 (2023: decrease of £2,882), to £56,889, of which £11,590 is unrestricted and can be used for any charitable purpose.
3
## **Reserves policy:**
The trustees have agreed a reserves policy of one month’s free reserves rising to three months free reserves as soon as possible excluding salaries which are all related to grants.
## **Funds in deficit**
The “WNC Prosperity” and “WNC” restricted funds were both in deficit at the end of the financial year, due to the timing of the receipt of grant funding. However, both deficits were eliminated by the end of September 2024 following the receipt of payments totalling £9,224.
## **Governing document** :
The charity is controlled by its governing document and constitutes as a charitable incorporated organisation.
## **Recruitment and appointment of trustees:**
Apart from the first charity trustees, every trustee must be appointed for a term of 3 years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **Responsibilities of trustees**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
## tim adelegan
tim adelegan (Mar 3, 2025 13:22 GMT)
Timothy Adelegan – Chair of Trustees.
> Date: Mar 3, 2025
4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **SPRINGS FAMILY CENTRE**
I report to the trustees on my examination of the accounts of Springs Family Centre ('the charity') for the year ended 31 July 2024 on pages 6 to 10 following.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or
2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Archie McDowall
Archie McDowall (Mar 7, 2025 12:08 GMT)
Archie McDowall BA CA
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: Mar 7, 2025
Page 5
## **SPRINGS FAMILY CENTRE**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31 JULY 2024**
|Notes
**_Income receipts_**
Donations
Grants
Recharges and other income
Room hire
**_Total receipts_**
**_Payments_**
2
**_Total payments_**
Transfers between funds
5
**Net movement in funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Net of receipts / (payments) before
Payments
in
relation
to
charitable
activities undertaken directly|General
Designated
Funds
Funds
£
£
-
-
-
29,286
219
-
-
-
219
29,286
745
27,049
745
27,049
(527)
2,236
5,003
(5,204)
4,476
(2,967)
(4,476)
14,557
-
11,590
Unrestricted Funds|Restricted
Funds
£
4,662
77,146
-
-
81,807
78,876
78,876
2,932
201
3,133
42,381
45,514|2024
£
4,662
106,431
219
-
111,312
106,670
106,670
4,641
-
4,641
52,462
57,104|2023
£|
|---|---|---|---|---|
|||||3,135
79,585
1,747
45|
|||||84,513|
|||||87,395|
||||||
|||||87,395|
|||||(2,882)
-|
|||||(2,882)
55,344|
|||||52,462|
The notes on pages 8-10 form part of these accounts.
Page 6
## **SPRINGS FAMILY CENTRE**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **FOR THE YEAR ENDED 31 JULY 2024**
|Notes
**A**
**Cash funds**
Cash at bank with immediate access
**B**
**Other monetary assets**
Grant commitments due
**C**
**Liabilities**
Pension creditors
Fee for Independent Examination
**Total**|General
Designated
funds
funds
£
£
0
11,590
**0**
**11,590**
-
-
**-**
**-**
-
-
1,440
-
1,440
-
Unrestricted Funds|Restricted
funds
£
45,514
**45,514**
5,647
**5,647**
188
-
188|2024
£
57,104
**57,104**
5,647
**5,647**
188
1,440
1,628|2023
£|
|---|---|---|---|---|
|||||52,462|
|||||**52,462**|
|||||-|
|||||**-**|
|||||-
1,500|
|||||1,500|
## **D Assets retained for charity's own use**
|Computers & IT
Equipment
Fixtures & Fittings
Music & PA|General
funds
Cost £
-
-
-
-
-|Designated
funds
Cost £
617
862
-
-
1,479|Restricted
funds
Cost £
6,274
10,864
970
5,410
23,518|Total
Cost £|
|---|---|---|---|---|
|||||6,891
11,726
970
5,410|
|||||24,996|
## **E Guarantees and secured debts**
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
## tim adelegan
tim adelegan (Mar 3, 2025 13:22 GMT) ___________________________________ TIMOTHY ADELEGAN (CHAIR OF TRUSTEES)
Mar 3, 2025 Date:_______________________
The notes on pages 8-10 form part of these accounts.
Page 7
## **SPRINGS FAMILY CENTRE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 JULY 2024**
## **1 Accounting policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## **2**
|**Payments in relation to charitable activities undertaken directly**
Employment costs (see note 3)
Direct cost of activities
Insurance
Telephone
Postage and stationery
Sundries
Independent examination
Professional fees & services
Equipment||Unrestrict|Designated
funds
£
19,893
1,117
-
393
651
-
1,440
2,819
737
27,049
ed Funds|Restricted
Funds
£
53,506
8,827
1,091
505
200
100
-
4,621
10,026
78,876|Total
2024
£
73,399
10,101
1,091
934
868
100
1,440
7,954
10,783
106,670|Total
2023
£|
|---|---|---|---|---|---|---|
|||General
funds
£
-
158
-
36
17
-
-
514
20
745|||||
|||||||61,801
5,885
1,070
945
461
1,979
1,200
3,534
10,520|
|||||||87,395|
## **3 Non-monetary resources**
The charity receives and distributes donations of food to members of the local community in need.
The charity uses premises and utilities provided without charge to it by New Life Church (charity registration number 1092247). P. Worth, who served as a trustee of the charity during the year, is also a trustee of New Life Church.
Page 8
## **SPRINGS FAMILY CENTRE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 JULY 2024**
## **5 Movement of funds**
|**vement of funds**||||||
|---|---|---|---|---|---|
|**Unrestricted funds**
General funds
Designated funds
Tudor
HS3 Support
HSF4 Support
**Restricted funds**
Grants for All
Hub
Star
Matched Grant
WNC Prosperity
Wellbeing
Youth Music
National Grid
iWill
Bayo
Youth Hub
Tudor Wellbeing
Goodwill Solutions (Goal Getter)
Next Steps
Million Hours
Lottery
Sport England
OPFCC
WNC
Constance Travis
Children in Need
Foyle
Cash4Clubs (Sported)
Food Bank
Total funds|Opening
balance
£
(4,476)
14,184
373
-
14,557
468
7,888
1,845
1,039
-
-
13,821
361
6,182
(2,000)
10,798
1,899
-
-
-
-
-
-
-
-
-
-
-
80
42,381
52,462|Receipts
£
219
25,000
-
4,286
29,286
457
1,159
1
-
-
487
3,826
-
-
2,000
1,955
-
60
105
1,742
16,700
8,308
12,670
-
2,989
14,387
8,300
2,000
4,662
81,807
111,312|Payments
£
(745)
(22,391)
(158)
(4,501)
(27,049)
-
(5,925)
(1,240)
-
(1,255)
-
(17,214)
(4)
(6,208)
(1)
(2,438)
(1,229)
-
-
(1,742)
(5,101)
(6,131)
(6,388)
(4,372)
(2,988)
(5,419)
(4,490)
(1,815)
(4,916)
(78,876)
(106,670)|Transfers
£
5,003
(5,204)
(215)
215
(5,204)
-
-
-
-
-
-
-
-
26
1
-
-
-
-
-
-
-
-
-
-
-
-
174
201
-|Closing
balance
£
-
11,590
-
-|
||||||11,590|
||||||926
3,122
606
1,039
(1,255)
487
433
357
-
-
10,315
670
60
105
-
11,599
2,177
6,283
(4,372)
-
8,968
3,810
185
-|
||||||45,514|
||||||57,104|
The Tudor Restricted Fund was set up for the purpose of funding staff salaries to continue to promote growth within the charity. Subsequent funding received during 2022-2023 from the Tudor Fund was unrestricted but the trustees have chosen to designate this towards the same purpose, but also support the General Fund of the charity from time-to-time.
The HS3 Support Fund was set-up to distribute an unresticted grant in supporting service users.
The HSF4 Support Fund was set-up was set up to distribute an unrestricted grant in supporting service users.
The Hub Fund was set-up for the purpose of funding the afternoon hub and jobs club. It is an amalgamation of previous grant funding.
The Star Fund enables the adult jobs club to run each week.
The Matched Grant Fund, from time to time, allows monies donated by individuals to be matched by other funders.
The WNC Prosperity Fund was set-up to provide and outreach jobs club in the town centre and teach basic computer skills.
The Wellbeing Fund was set-up by Tudor Grant holders to assist in the wellbeing of staff and volunteers during the Covid-19 pandemic.
The Youth Music Fund enables young people to learn skills of music production and some to receive instrument tuition.
Page 9
## **SPRINGS FAMILY CENTRE**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 JULY 2024**
## **5 Movement of funds (continued)**
The National Grid Fund was set-up to cover support for service users over the winter period.
The iWill Fund was set-ip to give the youth of Springs Family Centre a voice.
The Bayo Fund was set-up to distribute a grant to bring joy to black young people.
The Youth Hub Fund was set-up for the purpose of funding the charities youth work and youth outreach program. It is an amalgamation of the previously quoted Wooden Spoon and High Sheriff funds.
The Tudor Wellbeing Fund was set-up to support the wellbeing of staff, trustees and volunteers.
The Goodwill Solutions (Goal Getter) Fund was set-up to fund work with vulnerable young people aged 14-25 years to maintain in education or to help gain employment.
The Next Steps fund was set-up to support those 18 years old and over who are a long way from employment find work or enter further education.
The Million Hours Fund was set-up to provide additional youth sessions during holiday period.
The Lottery Fund was set-up to to expand our volunteer base and appoint a volunteer co-ordinator.
The Sport England Fund was set-up to expand the range of our sporting activities particularly to engage additional participants.
The OPFCC Fund was set-up to support our work to divert youth from knife crime and youth violence through use of our music recording studio.
The WNC Fund was set-up to provide support to run the jobs club.
The Constance Travis Fund was set-up to support those receiving food vouchers from the Household Support Fund
The Children in Need Fund was set-up to support our youth work and appoint a youth work project manager.
The Foyle Fund was set-up to provide for core costs.
The Cash4Clubs (Sported) Fund was set-up to deliver sports activities to underrepresented people in our community.
The Food Bank Fund was set-up for donations to be spent on food.
Page 10