ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
SPRINGWOOD TRUST
CHARITY REGISTRATION No: 281558
Independent Examiners Ltd
2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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SPRINGWOOD TRUST
CONTENTS
Page 3 Legal and Administrative Information Page 4 Independent Examiner's Report to the Trustees Page 5 to 6 Trustees' Report Page 7 Statement of Receipts and Payments Page 8 Statement of Assets and Liabilities Pages 9 to 11 Notes to the Accounts
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SPRINGWOOD TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
281558
START OF FINANCIAL YEAR 1st January 2020 END OF FINANCIAL YEAR 31st December 2020
TRUSTEES AT 31ST DECEMBER 2020 Mark Loran Laurence Batten Brenda Lamb
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
GOVERNING INSTRUMENT
Declaration of Trust Deed 1980
OBJECTS
The proclamation and furtherance of the Gospel; the preaching and teaching of the Christian Faith throughout the United Kingdom and elsewhere; support of other Christian bodies in such areas as children's' work, care for people, the relief of poverty, the advancement of the Christian Faith.
CORRESPONDENCE ADDRESS 101 Melrose Avenue Penylan Cardiff CF23 9AT PRIMARY BANKERS National Westminster Bank Plc 96 Queen's Street Cardiff CF10 2GR Julian Hodge Bank 10 Windsor Place Cardiff CF10 3BX INDEPENDENT EXAMINER Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees and members of Springwood Trust on the accounts for the year ended 31st December, 2020 as set out on pages 7 to 11.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. 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.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements: · to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent Examiners Ltd
2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
Date: 15th September, 2021
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SPRINGWOOD TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2020
Policies and Objectives
Springwood Trust exists to support Capital Church Cardiff in its work as a local Christian congregation. The funding also facilitates work with other churches within South Wales and worldwide.
When planning our activities, meetings and funding for projects for the year, the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.
Capital Church continued to provide open meetings in Llanedeyrn during 2020 until restrictions resulting from Covid-19 meant that worship meetings were delivered online. The church remains involved in the local communities through a variety of initiatives, and seeks to express its faith through the practical benefits of these initiatives, and to explain this faith where interest is shown.
The Trust has continued to be very generously supported in all its work, including in support of other churches. It continues to maintain a satisfactory position financially thanks to prudent investment of funds and careful assessment of proposed expenditure.
Review of Activities
Regular Sunday morning meetings have been available to the community in the early part of 2020 in local premises, and latterly through Zoom and Facebook, where promotion of the Christian faith through worship and teaching is provided. When lockdown restrictions were eased, some social events were possible in gardens and through local walks subject to remaining guidelines in force at the time.
The church is financially supporting a project to provide resources, advice and friendship to sex workers in central Cardiff during evenings. The Caru Am Byth project (formerly known as Liberty) incorporates members of several churches and works with co-operation from the police. Benefits include monitoring of health, information on potential trafficking, and exit strategies where requested for those involved.
Funding is still allocated for the church’s long-standing support for a church in Kenya. Members of the church have in the past visited Kenya and seen first-hand the orphanage for which funding has been raised. There has also been continued support for the work of School of Ministries, particularly in Ghana, and members of the church have travelled there in 2019 and 2020 to contribute in the teaching projects.
A new venue was used for the church’s Sunday meetings at local council premises. Funding was used during the year for PA equipment suitable for the venue and for secure storage for the necessary resources for these meetings. A badminton-for- beginners opportunity for the local community which was started during 2019 using the same hall continued during the early part of 2020 until Covid-19 emerged.
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SPRINGWOOD TRUST
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
| Notes INCOMING RESOOURCES Donations & Legacies 2a Investment Income 2b TOTAL RECEIPTS PAYMENTS : Costs of Charitable Activities 3a Governance Costs 3b TOTAL PAYMENTS NET INCOMING/(OUTGOING) RESOURCES Balances Brought Forward BALANCES CARRIED FORWARD |
Unrestricted Restricted Total Total Funds Funds 2020 2019 £ £ £ £ 26,443 - 26,443 23,982 1,001 - 1,001 990 |
|---|---|
| 27,444 - 27,444 24,972 |
|
| 29,859 - 29,859 29,308 - - - |
|
| 29,859 - 29,859 29,308 |
|
| (2,416) - (2,416) (4,336) 178,093 431 178,524 182,860 |
|
| 175,677 431 176,108 178,524 |
The notes on pages 9 to 11 form part of these accounts.
All operations are classed as continuing operations.
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SPRINGWOOD TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
1. BASIS OF ACCOUNTING
The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners and meet the appropriate legal requirements.
| 2. RECEIPTS Note a) Donations & Legacies Gifts & Donations Gift Aid b) Investment Income Interest 3. PAYMENTS a) Costs of Charitable Activities Administrative Expenses Charitable Mission 4 Insurance Costs Meeting Costs Wages & Salaries 5 b) Governance Costs Independent Examiners Fee |
Unrestricted Restricted Total Total Funds Funds 2020 2019 £ £ £ £ 22,182 - 22,182 20,193 4,261 - 4,261 3,789 |
|---|---|
| 26,443 - 26,443 23,982 |
|
| 1,001 - 1,001 990 |
|
| 1,001 - 1,001 990 |
|
| 210 - 210 912 1,829 - 1,829 2,490 573 - 573 - 362 - 362 172 26,885 - 26,885 25,734 |
|
| 29,859 - 29,859 29,308 |
|
| - - - - |
|
| - - - - |
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SPRINGWOOD TRUST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2018
4. RESTRICTED FUNDS
| Kenya Fund | Balance Balance 01-Jan-20 Income Expenditure Transfers 31-Dec-20 £ £ £ £ £ 431 - - - 431 |
|---|---|
| 431 - - - 431 |
The restricted funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
| 5. STAFF COSTS Gross Wages and Salaries Employer's National Insurance Costs Pension Contributions |
2020 £ 26,885 - - 26,885 |
2019 £ 26,885 - - |
|---|---|---|
| 26,885 |
The Charity operate a PAYE scheme to pay all employed member of staff and no employees received emoluments in excess of £60,000. (2019:None)
6. PAYMENTS TO TRUSTEES
No payments were made to trustees or anyone connected with them during the period. No material transaction took place between the charity and a trustee or any person connected with any of them. (2019:None)
7. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
8. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
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SPRINGWOOD TRUST
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2020
9. PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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