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2024-12-31-accounts

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

SPRINGWOOD TRUST

CHARITY REGISTRATION No: 281558

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG

SPRINGWOOD TRUST

CONTENTS

----- Start of picture text -----
Page 3 Legal and Administrative Information
Pages 4 to 5 Report of the Trustees
Page 6 Independent Examiner's Report to the Trustees
Page 7 Statement of Receipts and Payments
Page 8 Statement of Assets and Liabilities
Pages 9 to 10 Notes to the Accounts
----- End of picture text -----

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SPRINGWOOD TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 281558 START OF FINANCIAL YEAR 1st January 2024 END OF FINANCIAL YEAR 31st December 2024 TRUSTEES AT 31ST DECEMBER 2024 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 TRUST DEED DATED 21ST OCTOBER 1980 OBJECTS THE PROCLAMATION AND FURTHERANCE OF THE GOSPEL OF GOD CONCERNING HIS SON JESUS CHRIST, OUR LORD AND THE PREACHING AND TEACHING OF THE CHRISTIAN FAITH THROUGHOUT THE UNITED KINGDOM OF GREAT BRITAIN AND ELSEWHERE.

CORRESPONDENCE ADDRESS 13 Llanbedr Road CARDIFF CF5 3BU

PRIMARY BANKERS National Westminster Bank Plc 96 Queen's Street Cardiff CF10 2GR

INDEPENDENT EXAMINER

Lomax Pavey Independent Examiner's Ltd The Grain Store Appledram Lane South Chichester West Sussex PO20 7EG

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SPRINGWOOD TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024

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 Christian organisations within the UK and worldwide.

When planning 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 worship and teaching meetings in Llanedeyrn during 2024. The church continued its use of a local community hub premises and remains involved in the local communities through a variety of initiatives. It 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 throughout 2024 in local premises. The promotion of the Christian faith through worship and teaching is provided as well as time for social interaction which the church believes is also important. Wednesday house group meetings for focussed bible study and prayer are also organised each week. An Alpha course was organised for local friends and neighbours who were interested.

The church is financially supporting a project to provide resources, advice and friendship to sex workers in central Cardiff during evenings. The Red Community project (formerly known as Caru Am Byth) 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.

Financial and teaching support has continued for School of Ministries as part of the Trust’s long-standing support for church work in Africa. This has particularly focussed on Ghana and West Africa and members of the church have again travelled to contribute in the teaching projects and maintain relationships.

Closer to home, the church maintains a strong involvement in the governance of a local primary school, in a community where there are high levels of special needs in the children. Also, the needs of several individuals within the local community have been met at practical, financial and spiritual levels.

Financial Review

In reviewing the financial position of the Trust at the end of the accounting period, the trustees have noted a decrease in funds of over £2000. Despite this, the trustees believe that the funding reserves will allow the activities of the Trust to continue for the foreseeable future. The financial assets of the trust are divided between the Charity Bank and NatWest bank in order to remain within the protection limit of the FSCS for a single institution.

A gift of £200 was made to visiting musicians from a church in Llanelli to support their ministry. Regular payments of employee salary, hire of premises, insurance, equipment renewal, safeguarding registration, and mission support continued as usual.

The church and its trustees have re-emphasised its commitment to the importance of safeguarding at all types of meetings and events. A safeguarding policy is now held by ThirtyOne Eight, and a voluntary safeguarding lead and deputy remain in post.

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

My report to the trustees and members of Springwood Trust on the accounts for the year ended 31st December 2024 set out on pages 7 to 10.

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:

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

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

…………………………………………………… Lomax Pavey Independent Examiner's Ltd The Grain Store Appledram Lane South Chichester West Sussex PO20 7EG

15th October 2025

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SPRINGWOOD TRUST

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

Notes
RECEIPTS
Donations & Legacies
2a
Investment Income
2b
TOTAL RECEIPTS
PAYMENTS :
Costs of Charitable Activities
3a
TOTAL PAYMENTS
NET RECEIPTS/PAYMENTS RESOURCES
Cash funds last year end
CASH FUNDS THIS YEAR END		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
26,375
-
26,375
24,907
2,837
-
2,837
121
29,212
-
29,212
25,028
31,257
-
31,257
32,257
31,257
-
31,257
32,257
(2,045)
-
(2,045)
(7,229)
162,919
-
162,919
170,148
160,874
-
160,874
162,919

The notes on pages 9 to 10 form part of these accounts.

All operations are classed as continuing operations.

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Unrestricted Restricted Totnl Tatsl
ASSETS Funds
f		 Funds
f		 31-trac-243'l -Das-23
fg,
CsfhFunds:
Cashat Bank andinHand 160,875 160,875 162,191
160,8?5 160,8?5 16?,1*1
Repreeerrhdby:
GeneralFund 160,874 160,874 163,?1?
Restricted Funds
16A,874 t60,874 15?,191
Assta Rabinedfiorfrecherlty't ownuaa
Equipment {valuedattrustees' best estimate} 11,645 11,645
11,645 11,545
LIABILITIES
lndependentExaminersFee 660 6?0
660 690

SPRINGWOOD TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

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
Donations & Tithes
Gift Aid Reclaim
b) Investment Income
Interest
3. PAYMENTS
Note
a) Costs of Charitable Activities
Meetings and Events
Insurance
Office Costs
Governance
Independent Examiners Fee
Wages & Salaries
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Mission		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
20,267
-
20,267
22,274
6,108
-
6,108
2,633
26,375
-
26,375
24,907
2,837
-
2,837
121
2,837
-
2,837
121
Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
1,259
-
1,259
824
688
-
688
613
10
-
10
-
150
-
150
260
690
-
690
690
27,260
-
27,260
28,421
1,200
-
1,200
1,450
31,257
-
31,257
32,257

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SPRINGWOOD TRUST

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

4. RESTRICTED FUNDS

The charity held no restricted funds during this financial year.

5. CASH AT BANK IN HAND

NatWest Current
NatWest Reserve
Charity Bank Savings Account		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
67,893
-
67,893
72,776
10,290
-
10,290
10,143
82,690
-
82,690
80,000
160,874
-
160,874
162,919
6. STAFF COSTS
Gross Wages and Salaries
Employer's National Insurance Costs		 2024
£
26,232
1,028
27,260		 2023
£
26,419
2,001
28,420

The Charity operate a PAYE scheme to pay all employed member of staff and no employees received emoluments in excess of £60,000. (2023:None)

7. TRUSTEES AND OTHER RELATED PARTIES

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. (2023:None)

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