•ion
coYr)mi g
COMPANY NUMBER: 02121694
CHARITY t4UMBER: 519650
SPRINGBOARD SUNDERLAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023

SPRINGBOARD SUNDERLAND TRUST
INDEX
YEAR ENDED 31 JULY 2023
Contents
Pago9
Legal and Administration DetaiL8
Trustees, Rewrt
Independent Auditors Report to the Trustees
7-10
statement of Financial Activities
11
Statement of Financial Position
12
Cash Flow Ststement
13
Notes to the Financial Statements
14-25

SPRINGBOARD SUNDERLAND TRUST
LEGAL AND ADMINISTRATIVE DETAILS
YEAR ENDED 31 JULY 2023
Registered Charlty Name
Springboard Sunéerland Trust
Reglstratlon Number8
Charity Number 519650
Company Number 02121694
TNstees
Jonathan Nicholson
John Colin Wlson
Denise Wilson
Graham Burt
(Trustees a￿ also the directors for the purposes of company law)
Prlnclpal Stafflsecretary
Stephen Georg8 Réay
Key Management Pernonnel
Lisa Gregory- Head of Finance
Janine Doughty - Head of Performance
Steve George Reay - Chief Executive Officer
Allen Hall - Training Manager INorthl {Resigned July 20241
Leanne Green - Training Manager {South)
Keith Miller- ICT Manager
Andrea Whincop- Head of TrainiTrJ
Reglstered Office
The A￿C Dickson Centre
Riveryreen Industry Centre
Pallion
Sunderland
SR4 6AD
Auditors
Torgersens
East Suite. Ground Floor
Avalon House
St Catherine's Court
Sunderland
SR5 3XJ
Bankers
Barclays Bank PIC
Sunderland City Branch
Fawcett Street
Sunderland
SR1 1RS

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 JULY 2023
Trustws Report 2022 - 2023
The Trustees, who are also directors for company law purposes, submit their annual rgport and the
financk81 statements of Springboard Sunderland Trust for the year ended 31st July 2023. Referen￿ and
administrative information set out on page 1 forms part of this report. The Trustees confirm that the
annual report and financial statements of the Company comply with current stalulory requirements, the
requirements of the Company's governing document and Accounting and Reporting by Charities
Statement of Recommended Practice Applicable to Chanties preparing their auounts in accordance
with the Financial Rewting Standard Applicable in Ihe UK (FRS102) {effeGb've 1 January 20191.
Structure. Govemance and Management
The organisation Is a charitable company limited by guarantee. incorporated on 9th April 1987 and
Tegistered as a charity on 21110o¢ember 1987.
The Trust was established under a memorandum of assctiatKJn which established the obje¢ts and
powers of the charitable company and is governed by rts articles of association last updated on 31 July
2014.
The Trust has established risk management pr(Kedures wh￿h involve identfying and monitoring risk
and taking appropriate ￿tIOn where necessary. The board believes that appropriate systerns are in
Pla￿ lo mitigate the major risks to which the company is exposed.
The Trustees have referred to the guidance contsined in the Charrty Commission's general guidance
on public benefit when reviewing the Trust's aims and objectwes and in planning ils futu￿ a¢tNlties. In
particular, the trustees consider how planned activi(ies will contribjte to the aims and objeckn.ves that
have been set
Recruitmont and appointment of tru¥lg09
Trustees are appointed al a Trustees meeting. Prior to inviting nominees, the Chair and Chief Executive
Officer review the experience and skills base of the nominated trustees. On appointment, each truslee
received a full briefing and induction on the a¢tThiities of the Trust.
The tnjstees of the charitable company (the Trust) are its directors for the purposes of company law.
The trustees and officers serving during the year and slnce Ihe year end were as follows..
Jonathan Nicholson
John Colin Wlson
Denise WThlson
Graham Burt
Steve George Reay - Secretary
Obje¢tiVo8 and Actlvlties
The Trust's primary aim is to support the development of sustainable communities, where people have
the skills they need for work and lrfe.
The main strategi¢ objectives of the Trust for the period were..
Ensure the long term sustainability of Springboard
Monitor performance to enable continuous improvemert
Deliver the current range of services and expand our actwities
Grow the bjsiness

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES, REPORT {INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 JULY 2023
Pay pollcy for key management personnel
The Trustees of Springboard and the senior management team comprise the key management
personnel of the Trust in charge of directing and controlling. running and operating the Trust on a day
lo day basis. Trustees give their time freely and no one recewed remuneration in the year in their role
as trust￿,
Salary levels of the senior management leam are reviewed allnually by the Trustees based on sector
berKhmarking.
No member of staff received emoluments above £60,000 in this year.
R•latsd Parties
Springboard and Sunderland RCA Football Club are related parties during the year. Colin Wlson is a
member of RCA management committee and is a Trustee of Springboard Sunderiand Trust for the year
ended 31 July 2023. Springboard Sunderland Trust and North East Learning ProvKler Ne￿Ork were
related parties during the year. Denise Wilson is a Trustee of North East Learning Provider Netsvork
and a Trustee of Springboard Sunderfand Trust for the year ended 31 July 2023. Steve George Reay
is Chair of the North East Leaming Provider Netsvort( as well as Secretsry and Chief Executive Officer
of Springboard Sunderland Twst for the year ended 31 July 2023.
Introductlon
The organisation is managed by a Chief Executwe arKI three Heajs of Departments responsible for
Operations, Performance and Finance. Each department had its own strategic objectives which linkéd
lo the Trust's oveiall strategic plan.
In this financial year to 31 July 2023. 479 people were acb've on mainstream programmes including 408
Study Programme learners and 71 App￿nticeS. There rémains a eonlinuing impact of the COVID
Pandemic which has resulted in a significant impact to young peopl8 engaging in educab'on and training,
specifioally those with addity'onal needs and those seeking apprenb'ceships.
Ongoing funded programmes supporting residents in community settings conlinuod to see a large rate
of engagement and have been subject lo contract extensions as a result of their successful impact.
programme to support adults in digital skills engaged 410 ¢I￿ntS and our welfaie benefit advice project
supported 240 clients. We saw increased growth in new funded programmes cementing our posrtion in
the ¢ommunty, supporting those most in need, with an addIt￿nal three PTogrammes launching irt this
period
strategic Report
The overall incorne of the Trust for the year was £2.762.919. This is an increase of £41,035 on the last
financial year. Total expendi￿re is £2,914.197, a decrease of £21,8S4 on the last finanual year. An
operating deficit of £151.278 is recorded.
Al the year end the overall fvnd balance gf the Trust stood at £615,487, represented in a large part by
freehold properties owned by us and used to further our actwities. The long temi strategy of Springboard
in terms of propety and resource management in areas of development has proved again lo be effective
and sustainable.
Achiovemonts and Pertorniance
Springboard continued lo be one of the North East's leading training. employment and community
development organisations.
Despite the ongoing challenges of the transition out of Covid a number of indlcators showed
irnprovement in the year 22123 from 21122 including..

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES. REPORT (INCORPORATING THE DIRECTORS. REPORT
YEAR ENDED 31 JULY 2023
Achievement of full contra¢t value 16-19 study programme
16-19 study programme achievement rose by 5.6%
16-19 study programme retention rale rose by 10.31J
Apprentteship positive destinations rose by 13.7
Over 95% of learners met the Condition of Funding in 22123 resutting in zero clawback
Staffing
The organisalions succession process of aligning operations staff saw a reductton in staff responslble
for supervision and an increase in learner support and delivery. This structure is now well bedded within
the key areas of SEND, Maths and English, Practical Skills, FoundatK)n Skills and Health and Social
Care. Two Training Managers have strategic responsibility for five Team leaders reporting directty lo
the Head of Training.
COVID Relief Government funding continued lo allow Ihe employment of a number of Le8ming Support
Assistants tasked with small group focus work targeting increased barriers as a direct result of the
Coronavirus Pandemic.
staff numbers in 22123 averaged 81 Including apprentices and individuals employed through the
Governments Kick Start scheme. A decreas? from 95 in 21122.
Prln¢lpal risks and unc•rtalntl•s
Principal risks and uncertainties over this per￿d include the Continuing impact of the Coronavirus
panderniG.
Following ESFA and central Govemmenl instruclion, centres remained subjeclto COVID-19 restrictions.
Learner engagement and recruitment, support. delivery and back-office roles continued to be affected
with a remote function for reeruitment, learning and 'work from homè, IWFH) still pa￿alty in place.
The continuing impact of COVID-19 and face to face recruitThnt resulted in a signfficant impact lo rftw
business across all programmes.
The implications of major reforms to the way post 16 training is funded and delivered, continued austerity
and associated budget redu¢b'on, the manner in which employers are ulilising Iheir'Apprenticeship Levy,
continue to compound the effecl on business planning and forecasting for education and skills training.
A large reduction in the number of lower-level apprenticeships, such as those sought by Springboard
learner5. and the introduction of fees for employers and 'off the job. requirerrEnts continue to result in a
reducb.on in the number of appTenticeships undertaken, in line with national results. The ongoing reform
of qualifications at Level 2 and Level 3 will continue until 2025 and will continue to impactlhe programme
offer.
Employerfs reluctance to invest in staff development following COVID-19 Continued to impact
Apprenticeship uptake with a reduction in new starts mirrorirbg the national picture. Nationally
apprenticeships have seen a decline to around 50U/o of pre-covid numbers, thi5 is reflected regionally
with Springboards perfoffnance in the market. ￿lIst ￿'CkstartI￿ndIn9 was positNe within Springboard's
recruitment process it continued to have a wider impact on teamer recnjitment with employeT5 taknng
advantage of the government fvnded employment programme.
As a charity the economic environment within which we operate is very important. Given our mission to
work in developing sustainable communities, it often means working in areas of high social deprivation.
The 'UK Shared Prosperity Fund, and 5ub5equenl repla￿MentS to the previousty accessed European
Social Fund have not yet been confir￿ed and compound uncertainties for communty support in
recognised areas of deprivation. These areas have been hit hardest by continued austerity and local
aulhotity funding cuts reducing opportunities for community support programme$.

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES, REPORT IINCORPORATING THE DIRECTORS, REPORD
YEAR ENDED 31 JULY 2023
Future plans
The organisati)n has completed an alignment of staffing along thiee stratsgic departrments of Training
Operations. Performance and Finance. Training Managers been appoFnted to be accountable for
learning programmes- Study Prc4Jramme, adult learning and community projects. Apprenticeships and
Maths & English.
staff reductions have not impacted on the effectNeness of the department. Training Managers report to
the Head of Training. An increase of commissioned SEND Ispecial educational needs and disabilrties
places continues to provlde Local Authorty support lo th8 development of sFecialist provision across
the region.
Futures Social Enterptse and the A-spire Bistro have proven extremely popular. Futures Social
Enterprise continues lo act as a seamless progression route for high need Durham Works Futures
participants and remains an area for growth over the next 12 months. The A-spire Bistro has built on
the S￿CesS of this model ulilizing existing resources to offer bespoke Hospitality and Catering Training
for a range of abilities. This project will provide additional education, trainirg and support opportunities
for learners with SEND and increase external engagementwith partner institutions id8nlrfied as an area
of need by the local authority and creating additional inwme streams.
A continued use of social media and web-based applications have mthgated many of the challenges
presented by the transition out of COVID-19, specifically relating to engagement and recruitment. VLE
(Virtual Leaming environment) delivery plafft)rms continue to provide bletyjed delivery to support our
learners where appropnate.
An expansion of Health and Social Care and relaunch of Engineering and Construction programmes
were completed in response to the demand for increased training and employment opportunities within
Sunderland and South Tyneside and have proven very popular with an increase in referrals.
Partnerships with national employers in Construction and Heallh and Social Care have resulted in
training programmes with co designed curriculums lo meet the specbfic needs of the 12bour markets
emerging trends to meet the expansion in green skills jobs. This responsNe curriculum devekspment
del continues to grow with new employers to ensure best use of the range of high-quality facilities
owned by Springboard.
The management of subcontracted provision continues to improve ensuring high Stsndards of integrity
and quality Continue to apply for all of Springboard's ￿arnerS across the region. The organisation
successfulty completed the externally assessed ESFA subGontra¢ting stsndard.
Alternative Education placements for pre 16 students are increasing and discussions with 2 local
authorities are underway to offer standalone provision in this growing area of need.
Additional future plans include working with our local authoritie5 planning the upcoming UK Shared
Prosperty Fund delivery for 2023125 and preparation for the LA7 Devolution taking place in 2025 with
a re-introduction of Adult Skills training to Springboards offer
Reserves Policy
The Trustees consider that the ideal level of reserves as al 315t July 2023 would be £750k. This has
been set as 3 months core costs expenditure. The actual level of free reseNes as at 31 July 2023 is 8
deficit of £509,612 and the trustees have put C05t Saving plans in pl&e during the year to increase
reserves.
Income from the sale of property in 23124 wlll allow us to meet our responsibilities. reduce expenditure
lo build reserves in addition to investment in a number ot new projects developed to meet local need.
Therefore, the Tnjstees are confident that there are no material risks to the Trust's abilrty lo operate as
a going eoncem.

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES, REPORT {INCORPORATING THE DIRECTORS. REPORT)
YEAR ENDED 31 JULY 2023
Going Concern
There are no materlal uncertainties in respect of the charity's ability to continue as a going con￿rn. The
Trust prepared forecasls for the period to De￿mber 2025. The Trust notes the n?1 current liability
position at 31 July 2023 of £556,342. Study Programme allocatK)n for the year 2023124 1$ an increase
on the previous year. The trust has continued to review surplus estate in order to reali5e cash and help
reduce the net cUr￿n1 liabilities. One propety, in need of updating and not used In delivery of funded
programme. is currently in the proce55 of being sold. Some funds from this sale are intended to be
used to fvrther develop growth areas of delniery. Study Programme CO￿ funding allocation for 23124
has increased 17% on the previous year. The twslees believe that the Trust is well placed lo manage
its risks successfuly and thus have adopted the going GOn￿M basis of accounts'no.
Statement of Trustees Responslbilitios
The trustees Iwho a￿ also directors of Springboard Sunderland Tnjst for the purposed of company law)
are responsible for preparing the trustees. reFQrt and the financial statements in accordance with
applicable law and United Kingdom A¢¢ounts'ng Standards {Uniled Kingdom Generally Accepted
Accounting Pra¢li¢el.Company Law requires directors to prepare financial statements for each ffinancial
year which give a true and fair view of the stale of affairs of the charitable company and of Ihe incoming
resources and application of reSoUr￿s, Including income and expenditure, of the charilable company
fcr that period. In preparing these financial statements, the directors are required to..
Select suitable accounting policEs and then apply them consistently
Observe the rnelhods and principles in Charits'es SORP
Make jud9emenls and estimated that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed. subject to any material
departures disclosed and explained in the financial statements., and
P￿ pare the financial statements on the going concern basis unless il is inappropriate to
presuTne that the charity will continue In business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable
accuracy al any lime the financial position of the charitable Company and which enables them to ensure
that the financial statements compty with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable ￿rnPany and hence for taking reasonable sleps for the
prevention and delection of fraud and other irregularities.
In so far as the trustees are aware".
There is no relevant audit infomiation of which the charitable company's auditors a￿ unaware, and the
dire¢tors have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and lo estsblish that the auditors are aware of that information.
And swJned on their behalfr.
G. Burt
2910 2Lk

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2023
Opinlon
We have audiled the finanGial statements of Springboard Sunderland Trust Ilhe 'charity'l for the year
ended 31 July 2023 which comprise the statement of financial position, statement of cash flows and the
related notes. including a summary of signJfi¢ant a¢¢ounting policies. The financial reporting frameworf(
that has been applied in their preparation 15 applicable law and United lQngdom Accounting Standards,
including FRS 102 The Financial Reporting Standard apPI￿able in the UK and Republic of Ireland
{United Kingdom Generally Acceptgd Accounting Practice).
In our opinion the financlal statements..
give a true and fair view of the state of the chaiity's affairs as at 31 July 2023 and of its incoming
resources and application of resources, Including its inconE and expenditure. for the year then
ended.,
have been properly prepared in acLordance with United Kingdom General￿ A¢￿pted Accounting
Practice.,
have been prepared in accordance with the requirerrents of the Companies Act 2006.
Ba818 for oplnion
We cOndu￿ed our audil in accordance with International Standards on Audf(ing (UK} {ISAs {UK}l and
applicable law. Our respvnsibilities under those standards are further described in the auditor's
responsibilitses for the audit of the financial ststements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
statenEnts in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilitses in accordance wth these requirements. We believe that the audil evidence we have
obtained is sufficient a￿j appropriate to provide a basis for our opinion.
Concluslons relating to going ¢on¢¢m
In audf(ing the financial statements, we have concluded that the trusteos, use ofthe going concern basis
of accounting in the preparatr'on of the financial slalem8nts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or condltions that, individually or collectively, may cast significant doubt on the charitable
company's ability to conb'nue as a going concern for a period of al least twelve months from when the
financial statements are 8Uthorised for issue.
Our responsibilrties and the ￿SponsIbl11ties cf the trustees with respect to going concem are described
in the re￿vant sections of this report.
Othor Infomiatlon
The other information c￿npriSeS the information included in the annual reporL other than the financial
statements and our auditor's report thereon. The twste8s are responsible for the other information
contained in the annual report. Our opinion on the financial statements does not cover the other
inf0mat￿n and. except to the extent othemise explicitly stated in our report, we do not expre55 any
form of assuran￿ conclusion thereon,
Our responsibility ts to read the other information and, in doing so, cons¢der whether the other
information is materially inconsistent with the fi'nancial statements or our kno￿edge obtained in the
course of the audrt or othewise appears lo be materially misstated. If we hjentify such material
inconsistencies or apparent material misslalements, we are required lo determine whether this gives
rise to a material misstatement in the financial statements themselves_ If, based on the work we have
rformed, we conclLDJe that there is a material misstalemenl of this other information, we are required
lo report that fact.
We have nothing to reF￿ in this regard.

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2023
Oplnlons on ot￿r matters prescribed by th8 Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the informatDn given in the trustees. rewrt for the finan¢ial year for which the financial statements
are Prepar￿ is ttjnsistent with the financial statements,. and
the trustees, reFort has been prepared in accordance with appli¢able legal requirements.
Matters on whlch we are requlred to report by ex¢eptlon
In the I￿ht of the knowledge and understanding of the charity and its environment obtained in the course
of the audit, we have not identif￿d material misslatements in the trustees, repJrL
We have nothing io report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounts.ng records have not been kep( or relums adequate for our audit have not been
received from branche$ not visited by us., or
the financial statements are not in agreement with the accounting records and retums., or
eertain dlsclosures of InJstees' rernuneration specified by law ar& not made., or
we have not r￿￿ed all the InfO￿atIOn and explanations we require for our audit. or
the trustees We￿ not entitled to prepare the financial statements in a¢cordan¢e wtth the small
companies regime and Like advantage of the small companies, exemptions in prepwing the
trustees, report and frcffi the requirement to prepare a strategic report.
Responsibilitiès of tru8tee8
As explained rn￿e fully in the Iruslees, responsibilities statement set oul on page 6, the trustees (who
are also the directors for the purposes of company lawl are responsible for the preparation of the
financial statements and for bein9 satisfied that they give 2 true and fair view, and for such inlemal
Control as the trustees determine is necessary to enable the Preparation of financial statements that are
free from matenal misstatement, whether due lo fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the chariVs ability to
continue as a going coneem, disclosing, as applicable. matters ￿lated lo going con¢em and using the
going concern basis of accounting unless the Iruslees either intend to Iiqu1date the charity or to ￿ase
operations, or have no realistic alternative but lo do so.
Audltor's re8pon8lblllile8 for the audit of Ihe Ilnanclal stat0m•nts
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole
are free from material misstalemenl, whether due to fraud or error, and lo issue an auditor's rewrt that
includes our opinion. Reasonable a5suran¢e is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISAS IUKI will a￿ayS detect a material misstalementwhen it exists.
Misstatements can arise from fraud or error and are considered material if, indNidually or in the
aggregate, they could reasonably be expt¢tsd lo influen¢e the economic decisions of users tsken on
the basis of these financial statements.
Irregularrties, including fraud, are knstances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstaternents in respect
of irregularth'es, including fraud. The extent to which our procedures are capable of detects'ng
irregularrtres, iiclLtding fraud is detailed below-.

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2023
Explanatlon as to what extent th• audit was eonsld•red capable of detecting Irregularllle8,
IncludSng fraud
The objectives of our audrt with regards to fraud are to design tailored and specific audit Pr￿edureS to
enable us to gather sufficient audit evidence. These tests are proportionatè and appropriate to the
charitsble Company in tenns of assessed risk level and the nature of the entity's activities. However, the
primary responsibility for the prevention and detection of fraud rests with those charged wrth
governan￿.
We obtained an understanding of the legal and regulatory requirements which applied to the
charitsble company, which we deemed lo be the Companies Act 2006, and Statement of
Recommended Practice to charities, the Financial Reporting Standard applicab￿ in the UK and
Republic of Ireland (Charities SORP IFRS102)1.
We obtained an understanding of how the charitable company had complied with thes•
regulations by reviewing their treatment of transactions, reviewing minut•$ of meetings and
discussing compliance with trustees and those charged with govemance.
We assessed the risk of material misstalemenl of the financial statements, including the risk of
material misslatement due to fraud and identffied that income from ESFA for education and
apprenticeships and grants is n￿st susceptible to fraud or error. We designed our audit work lo
test the controls in place regarding the processing ofihese transactions and howthese controls
are capable of preventing or delecling traud or error.
Our audit procedures gathered evNJence to support the claims of the trustee5whilst maintaining
professional sceptKism to allow us to draw our own ccK)clusion on the matter.
As part of ￿ audit in a￿ordanc0 with ISAS IUKI, we exercise F*ofessional judgment and maintsin
professional scepts.cism throughout the audit. We also..
Identify and assess the risks of material misstatement of the finanaal statements, whether due lo
fraud or error, de*gn and perform audit procedures responsive lo those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misststement resulting from fraud is higher than for one resulting from error.
as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the ovetride
of intemal control.
Obtain an understanding ol inlemal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstan￿. but not for the purpose of expressing an opinK)n on the
effeclweness of the intemal control.
Evaluate the appropriateness of accounting poI￿leS used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or wnditions that may cast significant doubt on the charity's ability to continue as a going concern.
If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's
rewt to the related disclosures in the financial statements or, if such disdosures are inadequate.
to modify our opinion. Our conclusions are based on the audit evK1ence obtsined up lo the dale of
c￿r auditor's report. However, fvture events oi conditions may cause the charty to cease to
¢onts'nue as a going ¢on¢ern.
Evaluate the overall presentation, structure aThJ content of the financial statements. including the
disclosures, and whetherthe financial statements representthe underlying transactions and events
in a manner that achieves fair presenlats'on.

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2023
We communicate with those charged with governance regarding, among other matters. the planned
scope and timing of ihe audit and significant audit findings, including any significant deficienryes in
inlemal control that we identify during our audit.
Use of our report
This report is made solely to the charitable company's members, as 8 body. in accordance with Chapter
3 of Part 16 of the Companies Act 2006. Our audil work has been vndertaken so that we might slate to
the charitable company's members those matters we are requred to stale to them in an audilorfs report
and for no other purpose. To the fullest exlenl pemitted by law, we do not accept or assume
responsibilty to anyone other than the ¢haritabie company and the charitable Mmpany's members as
body. for our audit work, for thls rep)rt. or for the opinions we have formed.
Alison Henshaw FCCA
(Statutory Audilorl
For and on behalf of
TORGERSENS
Chartered Accountants
& Statutory Auditor
East Suite, Ground Floor
Avalon House
St Catherin8's Court
Sunderland
SR5 3XJ
Date. zq/io/z
-io-

SPRINGBOARD SUNDERLAND TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 JULY 2023
Unrestricted R89tri¢tod
Funds
Fund¥
Total
2023
Total
2022
Note
Incom•:
Donations and legacies
10,781
10,781
5,627
Charitable activities
2,519,579
231,476
2.761.064 2,716,177
Investment income
1,084
80
Total Incomlng rn80uT¢e8
2,531 N44
231,476 2,782.919
2,721,884
Expendlture:
Charitable activities
2,715,532
198,665
2,914,197
3,130,333
IProfityLoss on sale of fixed asset
(194,282)
Total expendlture
2.71 S.532
198,665
2,914,197
2.936,051
Net expendituro
1184,088)
32,810
1151.278) (214,1671
Net movement In funds
1184,088)
32,810
1151,2781 {214.1671
Transfer bgtWOon funds
32,810
132.810)
Reconciliation of funds
Total funds brought forward
Total fund8 carrl8d forward
766.765
766,765
980,932
616.487
615,487
766,765
The ststem8nt of finanThal adivities includes all gains and losses recognised in the year.
All incom and expenditure derive frorn Continuing a¢tivitie$.
The note5 on pagès 1410 25 fomi part of these finanaal statements
11

SPRINGBOARD SUNDERLAND TRUST
STATEMENT OF FINANCIAL POSITION
YEAR ENDED 31 JULY 2023
Note
2023
2022
Fixod Assets
Tangible fixed assets
1,571,403
1,637,409
Current assets
Debtors
Assets in the course of disposal
Cash at bank and in haTrJ
10
206.148
24,319
347,248
391.922
221.204
577,715
613,126
Llabllltlos
Creditois.. amounts falling due within one
year
11
(1,134,057)
(1,007.068)
1SS6,342} 1393,9421
Net ¢urrent Ilabllitlos
Total assets less current liabilities
1,015,061
1,243,467
Credltors: amounts falllng due
after more than year
12
1399,574) 1476,702)
Ngt a￿ets
615,487
766.765
Funds
Unrestricted funds
Designated funds
General funds
14115
14115
1,125,099
1.091.851
1509,612) 1325,086)
615,487
766,765
Restricted fund$
14115
Total Charlty Funds
615,487
766,765
Thé trustees xknowledge their responsibilities for.. lil ensuring that the charitable company keeps
proper accounting record5 which comply with section 386 of the Act,. and lill preparing financial
Ststements which gNe a true and fair vM¥ of the stale of affairs of the charitable company as at the end
of the financial year and of its incoming resources and application of resources, including its surplus or
deficit for the financial year in accordan￿ with the requirements of section 394 and 395, and which
otherwise compty wilh the requirements of the Act relatin9 to financial statements. so far as applicable
to the chantable company.
These financial statements have been prepared In accordance wth the provisions applicable to small
companie$ Subject to the small companies regime and in accordance with FRS102 SORP.
These financial statements were approved by the trustees on are signed on their
behalf by
Company number 02121694
The notes on pages 14 to 25 form part of these financial sLqtements
12-

SPRINGBOARD SUNDERLAND TRUST
STATEMENT OF CASH FLOWS
YEAR ENDED 31 JULY 2023
2023
2022
Net cash flows from operatlng actlvltles 19
251,068
{473,302}
Cash Flows from Investlng Actlvltles
Interest received
Interest paid
Payments to acquire tangible fixed as$ety
PrLKeed$ from sale of tangible ffixed
assets
1.084
115.074)
136.0991
80
{28,2151
{37,8831
230,000
Net Cash Used In Investlng Actlvltl06
Taxation
150,089)
163,982
Cash Flows from Flnanclng Actlvltles
Repayment of bank loans
Not Cash lusod in) Financing Activities
174,935)
174,9351
161,4541
161.4541
Change in Cash and Cash Equivalents
in th8 Roporting Pèriod
Ca¥h and Cash Equivalgnts at the
Boginning ofthe Year
Cash and Ca8h Equl¥alent8 atthe End
ofthe Year
126,044
1370,774)
221204
591,978
347248
221,204
The notes on pa96s 14 to 25 form part of these fina￿la1 statements
13-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
Accounting Pollcle8
The principal accounting p(Aicies are $ummarised below. The accounting policies have been
applied consistently throughoul the year and the preceding year.
Basis of Accounting
Springboard Sunderland Trust is a charitable company, limited by guarantee. registered in
England. The address of the charity's registered office and prinopal place of business is The Alec
Dickson Cent￿. Rwergreen Industry Centre. Pallion, Sundedand SR4 6AD.
Springboard Sunderland Trust rrttts the definition ofa public benefft entity under FRS 102. The
harity exists for the benefit of the public through Ihe provision of training and education lo young
people and adults.
These financial ststements have been prepared in accordance wrth the Charities SORP IFRS1021
"Accounb'ng and Reporting by Charities" Statement of Re￿mmended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ifeland IFRS 1021 (èffectlve 1 January 2019}, and the Companies Act
2006.
Assets and liabiltties are initially recognised al hlstorical cost of transaction value and In
cordance with the Statement of Recommended Practice 'A¢counting and Reporting by
CharitEs effeclNe at 1 January 2019 (Charities SORP IFRS 102)) and the Companles Act 20c￿.
The fInar￿la1 statements are presented in sterling which is also the hjnctional currency of the
Charity. The monetary amunts in these financial ststements are rounded to the nearest £,
except where otherwise indicated.
Going concern
The charity had total lunds of £615,487 as at 31 July 2023 (decrease of £151.278 from July 2022).
The primary fador5 contribub'ng lo the deficit We￿ a significant reduction in employèr uptake of
apwenti￿shlps due to extemal market forc8s and la¢k ot workplace capacity, resulting in a 50%
decrease in apprenticeship income, and an unforeseen increase in costs due lo the nse in energy
The cash flow forecasts have been updated to factor in the exp8cted level of income and
expenditure to confirn that the charity has sufficient cash for the organisatr.on to continue for at
least 12 months from the dale these financial statements are signed.
At the time of approving the financial statements, the trusl*s have a reasonable expectstion that
the charity has adequate resources to continue in operational existence for the foreseeable future.
Thus, the trustees continue to adopt the going concem basis of accounting in prepanng the
financial statements. The trustees do not consider that there are any material uncertainties to
impact the chanty's abilty to continue as a going concern.
Incomo
Voluntary income is received by way of donations and gifts and 1$ included in full in Ihe statement
of financial activf(ies when receivable. Income from the sale of goods and Services is recognised
in the finanaal statements during the year in which Ihe service is cairied out and therefor&
entltlement is earned.
Revenue and govemment grants are credited to the statement of financial activities when
ivable.
Vvhere unGonditional entIt￿ment lo grants receivable is dependent upon fuifilment of condrtions
within the charity's control. the incoming resources are QCA)gnised when there 15 sufficient
evidence that conditions will be meL ￿ere the￿ is uncertainly as to whether the charity can
meet su¢h conditions the incoming resource is deferred.
-14-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
Contract incon* is recognised in the finanaal statements to the extentthat entillement has been earned
at the year end through completion of the contract. Income from the Sale of other goods and services
Is recognised in the period in which the goods or service is provided to the customer.
Investment incorre is I￿luded in the Statement of Financial Activities on a recetvable basis.
Fund accountlng
Restricted funds are to be used for specific purposes as laid d￿n by the donor. Expenditure
which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resour￿ received or generated for the
general charitable purposes.
Designated funds are unreslricled fijnds earmarked by the trustees for particular purposes.
Resources expendgd
Resources expended ale recognised in the p8ri0d in wh￿h they a￿ incurred. Resources
expended include attributable VAT which cannot be recovered.
Resources expended are all￿ated to the part￿ular activity where the cost relates direcly to that
actNity. As the charitable company only carr￿d out one activity during the year, support ¢osts
have not been separatety analysed.
Governance costs are the costs associatéd with the govemancE arrangement5 of the charity.
These costs are associated with constitutional and statutory requirements and include any wsts
associated with the strategiG management of the ¢harty's xtivities.
SubGontraGtors costs represents Education & Skills Funding Agency IESFAI income eamed by
subcontractors, wh8re the Gontra¢t with the ESFA is with Springboard Sunderland Trust. This
expenditure is recognised as a lower of the profile amount payable per the ￿ntract between the
charity and the partner and the actual income eamed by th8 partners during the Feri)d, ￿$S a
management fee.
Tangible tlxed asGets and deprociation
Depreoation is provided at rates calculated lo write down the cost of each asset to rts estimated
residual value over ils expected useful lifo. Freehold land 1$ nol depreciated. The depreciation
rates in use are as follows..
Freehold and long leasehold propety
Off￿e fvrnilure and ffttings
Computer equipment
Motor vehides
2% straight line
33.30h straight line
33 3% straight line
33.3°h straight line
Items of equipment are capitalised where the purchase price exceeds £2,0(Y). Depreciation costs
are allocated to aclwib'es on the basis of the use of the related assets in those activities. A55ets
are reviewed for impairm8nt of circumstsn¢es indicate their carrying value may exceed their net
realisable value and value in use.
-15-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
Leues
Rentals payable underoperallng leases, where substantially all the risks and rewards of ownership
remain with the lessor. are charged to the statement of Ilnancial &tivittes on a straight line basis
over the minimum lease term.
Penslon8
The Trust OFerates a defin&J contribution pensi￿ scheme for emph)yees. The assets of the
scheme are held separalely from those of the charitable company. The ￿OUnt charged to the
statement of fina￿1?1 activities is the contributions payable in the year. Dirterences between
contributions payable in the year and aclually paid are shown as either prepayments or other
creditors.
Agency income
The Trust acts as a agent in the administering of 16-19 Bursary FurK15 and free meals from th8
ESFA. Related payments received from the ESFA and subsequent disbursements to students
are excluded from the statement of financial activitie5 lo the extent that the Trust does not have a
bene￿la1 interest in the individual transactions
The allowance of 5¥0 as a contributs.on to
administration costs is however recognised in the ststement of finaKial activrties. ￿ere funds
have not been fvlly applied in the year then an aTnounl will be included as amounts due to the
ESFA.
In addition, the Trust acts as an agent in the administering of Apprenticeship Grants for Employers
Funds from the ESFA.
Related payments received from the ESFA and subsequent
disbursements to employers are excluded from the slalement of financial activities to the extent
that the Trust does nol have a beneficial interest in the individual transactions.
Flnancial instrumgnts
The charty has elected to appty the provislons of Secllon 11 'Basic Financial Instruments" and
Section 12'0ther Financial Instruments l$sues" of FRS 102, in full to all of itsfinancial instruments.
All of the charities financial assets and financial liatililies qualify as basc financial instruments.
Bas￿ Financial instruments are initially recognised at transaction valué and subsequently
measured at their settlement value.
Financial assets.. Trade and other debtot¥
Trade 8nd other debtors which are receNable within one year and which do not constrtute a
ffinancing transxtDn are initially measured at the Iransaclion pri￿ and subsequenuy measured at
amortised cost, teing the transaction price less any amwnt sett￿d and any impairment losses.
A provision ft)r impaimient of trade debtors is estsblished when there is objective evidence that Ihe
amounts due will not be collected according to the original terms of the conlract. Impairment
losses are recognised in profit or loss for Ihe excess of the carying value of the trade debtor over
the present value of the fvture cash llows discounted using the original effective interest rate.
Subsequent reVe￿al8 of an impairment loss that objectfvely relate lo an evenl ¢)ccurring after the
impaimienl Ioss was recognised, are recognised Immedlately In profil or loss.
FinancMI liabilit￿$.. Trade and other c￿d￿OrS
Trad& and other creditors {including accruals) payable within one year that do not constilute a
financlng transaction are initially measured at the transaction price and subsequenuy measured at
amortised cost, teing the transaction price less any amounts settled.
-16-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
Crltlcal a¢¢ountlng estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical eX￿rience and
other factors, including expectations of frjture events that are believed to be reasonable under the
circumstances.
Rocoverability of debto
Debtor5 are reviewed on a line by line basis by the Trust annually. Provi¥ion$ are made as
appropriate followin9 this review.
Voluntary incom•- donatlons
Total
2023
Total
2022
Restrlcted Unrestrlcted
Donalions
InwrTP from donations in 2022 was unrestricbJ.
ChaTitablg aGtivitio5
Total
2023
Total
2022
Restrfcted Unrnstrictod
Education & Skills Funding Agency
Revenue flom nursery, Bistro and Upstream
Cty of Sun¢Jerland- Nursery Grants
cty of Sundedand- Other Grants
Cty of Sundedand- High Needs Element 3
City of Sundedand- Hetton SIB
Aoprenticeship Co-inveslment
Vulneiable and other bursaries
Other income
Other grants
Total
2,067,227
174,659
129.018
2,067,227
174,659
129,018
66,726
85,641
133,292
2,047,996
171,483
182,263
4,991
89,403
67,512
975
66,726
85,641
56,$1)0
76.792
6,534
6.534
87.957
4,825
146,729
87,957
Income from charitable acb"vities in 2D22 was made up of unrestricted fuThJs of £2.573.890 and restricted
funds of £142.287
Invostment Income
2023
2022
Cash investments held in the UK
Investment income in 2023 and 2022 was unrestricted.
17-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
Total resources oxpended
Regtricled Unrestrf¢tsd
2023
2022
Staff costs (Note 7}
Secondment and Assessors lagency costs)
Trainee allowances
Vulnerable and Other 8ursaries
Premises costs
Travel and subsi5ten¢e
Training costs and staff training
Health & Safety
Materials and equipment
ProfessiOll81 seNices
Interesl payable
IrrecoveTable VAT
Sub-contractor c£ssts
Marketing
Depreciation
Grant payable to SIB partner
Sundries
Other
Loss on disposal of assets
Goveman¢e
Bad debts
189,760
1.552,416 1,742,176 1.935,656
23,045
23.045
20,656
42,799
42,799
60.153
124
273,018
36,572
51,339
41,175
151.237
77,982
28,215
29,159
300,712
38,104
67,881
6,564
3,040
346
1194,282)
8,400
388
215
18
761
7,100
293.005
36,084
50,453
40,953
150,277
71,397
15,074
e0.725
245,640
25,602
77,786
293,393
36,299
50,471
41,714
157,377
71,397
15,074
60,725
245,640
26,025
77,786
423
621
621
18,140
11,515
18.140
11,515
Total re¥ources expended
71
The expenditure in 2023 related to £198,665 restricted funds and £2,715,532 unrestricted fvnds {2022'.
£109,077 restrided fijnds and £2,826,974 unrestricted funds)
6. Nel lexpendlturellin¢om• for the year
2023
2022
This is ststed after charging..
Depreciation- owned assets
Lossl {Profitl on sale of fixed assets
Interest payable
loan interesl
other interest
Operatin9 lease rentals=
property
Auditors, remuneration
77,786
67.881
1194.2821
14,164
920
27.635
580
52.310
58.465
7. Staff costs and nUm￿Tr
2023
2022
Staff costs were as foll
Salaries and wages
Social security costs
Pension contributions
Agency costs
Recrurfcment costs
Redundancy costs
Lrfe Insurance
1,595,24B 1.759.568
101.112
123,929
41.318
47,023
23.045
20,656
149
4,498
4,987
-18-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
No employee eamed more than £60,000 during the year.
The average numter of employees during the year was as follows..
2023
No
76
2022
No
Training &ed￿tIOn
Apprentices
Trustso8
During the year, no director received any remunerats"on12022'. £nill. There were no reimbursed
expenses payable to truslees during the year12022'. £nil).
Key management ￿rsonn01
The key management personnel of the chanty comprise the personnel ltsted on page 1. The total
employee benefits ofthe key mar¢agement personnel of the chanty were £281,903 {2022: £270,928).
Taxation
The trust is exempt from corporation tax as all its income is charitable and is applied for charitable
purFoses.
Tanglble flxed assets
Freehold Computsr
and long oquipment
leasehold
property
Olllce
Furniture
and fittlngs
Motor
vehlele8
Total
Cosl
At the start of the year
Additions in year
Disposals in year
2,578,129
266.205
346,299
36.099
61,087
3,251,720
36,099
{45,6481
145,648)
At the end of the year
Deproclatlon
At the start of the year
Charge for the year
Disposals in the year
970,120
51,560
{21.3291
266,205
330,439
19,456
47.547
6,770
1,614,311
77,788
121,329)
Al the end ofthe year
Net book value
Al the end ofthe year
1,000.351
266.205
349.895
54,317
1,670,768
At the start of the year
Included within Ihe net book value of £1.532,129 of freehold and long ￿aSehold property is £1,245.370
which relates to long leasehold properties.
The Allenheads property is shown as a disposal as rt has been tranSfer￿d nel b)ok value of £24,319 to
current assets as assests in the course of disposal. The sale of the propety completed post year end
on 8th August 2023.
19-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
10. Debtorn
2023
2022
Trade debtors
Other debtors
Prepayments
Social s￿urity and Other Taxes
127,476
32,617
44A14
180,682
169.272
41,968
91
11. Crfrdltors: amounts dua wlthln one year
2023
2022
Bank loan - repayable wthin one year
Other creditors
Social Security and Other Tax8S
71,049
1,028,262
34,746
68.856
869.828
68.384
The bank loan in the year is from Barclays and is repayable by monthly instalments and bears a fixed
rate interest at 3.85°A per annum. The loan is secured by fixed charges over of the Charrtable
company's treehold properties as well as ￿0 of ils leasehold properties. The loan is repayable over a
10 year temi.
12. Credltofs: amounts due aftor one yfrar
2023
2022
Bank loan
repayable within one to year5
repayable within two lo five years
Repayat4e over five years
75.311
72,289
236.941 227,432
87.322 176.981
The bank loan in the year 1$ from Barclays and is repayable by monthty instslments and bears a fixed
rate interest al 3.85Yo per annum. The loan 1$ 5e¢ured by fixed charges over of the charitsble
company's freehold properties as w911 as hvo of its leasehold prOpe￿.eS. The loan is repayable over a
10 year term.
13. Financlal Instruments
The ￿ryIng value ofthe Charity'5 financial instruments al 31 July were..
2023
2022
Flnancial assets
Debt instruments measured at amortised cost:
Trade debtors
Other debtors
127,476
32.617
180,682
169,272
Flnanclal Ilabllrtles
Measured at amortised cost..
Bank loans
Other Creditors
470,623
1,028,262
545.558
869.828
-20-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
14. Movements in funds
At 1 August
2022
Incoming
Outgoing Transfor8
resources rgsources
At 31 July
2023
Designated funds:
Fixed Asset Fund
Current Asset
1,091,851
191,939)
100,868
24.319
1.100,780
24,319
Total doslgnated funds
125 187
Summary of Funds
Designated Funds
Ger)eral Funds
1,091.851
191,939)
125,187
{325.0861 2.531.444 12,623,593) 192,377)
1,125,099
{509,612}
766,765
2.531.444 12.715,532)
32.810
231,475
1198,6651 132,810)
615,487
Restricted FurKIs
1548
Purposo of d•$lgnatad funds
The fixed asset fund represents the value of unrestricted fixed assets, le$s any loans used to finance
them. The transfer in the year refiecls the adjustrment lo depreciation, loan repayments and assets
reallocated lo general funds to be sold post year end.
Movèmènts in funds- prlor year
At 1 August
2021
Incoming
Outgoing Transfers
resources resourcos
At 31 July
2022
D•slgnated funds:
Fixed Asset Fund
1,096,113
1129.335)
125.073
1,091.851
Totsl dèslgnatéd funds
Summary of Funds
Designated Funds
General Funds
1,096.113
1115,181
1129.335)
125,073
2,579,597 12,697,639) 191,8631
1,091.851
1325,086)
980.932
2,579.597 12,826.9741
33,210
142.287
1109,077) (33.2101
766.765
Restricted Funds
-21

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
16. Anatysls of restrict•d fund movements
At 1 Augugt
2022
Incoming
resource$
Outgolng
resources Tran8f8rs
Ai 31 July
2023
Communities Connected
R U Ready UC
SCC Fixed Asset Fund
Pedal Power
DCC Durham Works
DWP Kickstart Scheme
SCC Pallion Clean and
Green
SCC Clean it Green It
SCC CLLD
17,360
11,540
30,971
3,000
81,884
3,073
117.3601
111.5401
{30,971)
13.000)
181,B841
13.0731
5.333
30,421
47,893
15,3331
128,5821
147.8931
<1,839)
Analy818 of restrictgd fund movements- prior year
At 1 August
2021
In¢omlng
Outgoing
resources resource8 Transfers
At 31 July
2022
SCC - ComTnunities
Connected
SCC- R U Ready UC
Durham Works
SCC- Healthy Teens
Project
Pedal Power
SCC- Summer Activities
Down at the Pit
SCC- Small Grants
SCC- Neighbouthood
Fund
Palllon Fun Day
24,765
20,355
46,010
{24,765)
(20,355)
(46.010)
6,058
15,000
4,999
4,991
1,333
16,0581
115.0001
(4,999)
(4,991)
(1.333)
18.210
(18,2101
1566)
The transfers rewesent a pontoon and a trailer purchased from funds re￿Ived with the purp)se of being
spent on these assets.
Communities Connected represents funds received from Sunderland City Council towards digital
training and increasing confi(Jence in using IT.
R U Ready UC represents fvnds received from Sunderland City Council Neighbourhood Fund toward$
supporting local residents in their application for Universal Credit.
Durham Works represents funds received in respect of the Durham Works project with Durham City
Council to encourage young people who are disengaged with education. unemployed who may
have special educational needs. The Prografflme ¢overs confidence building and personal development,
mat¢hing skills, strengths and attributes to employment.
Down at the Pit represents funds recebved in the prior year from Sunderland Clty COU￿11 CoaifieldsArea
Neighbourhocxj Fund to fijnd working with a group of men to er￿QUrage he2￿hler lifestyles and reduce
social isolation.
-22-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
15. Analysi$ of roStri¢ted fund movements Icontinu•dl
kstart represents fu￿lS received in respect of ￿"ckstart employees who's wages are paid for by
DWP.
SCC - Healthy Teens Projeci represents funds received in the prior year toward$ the Springboard
Lyons projedworkirKJ with teens on Thursday evenings at Hetton Lyons Counlry park IYC￿th club).
SCC - Sumn*r Activrfies represents funds toward$ actNib'es for young peoplg during school
holidays including provisv)n of meals at Hetton Lyons Country Park in the prior year.
SCC - Small Grants represents funds received in the prior year in order to pain Stephenson Trail
metal work and towards the climbing wall for Camival.
Pedal Power represents funding from Sund8rland City Councll to purchase 2 adapted bikes for
use at Hetton Lyons Country Park in the prior year. The purchase of the bikes was transferred to
de&gnaie¢J fvnds.
Pallicn Fun Day represents funding for the summer Communty fun day helj al Rivergreen centre
in the prv)r year.
SCC - Neighbourhwld Fund represents a grant received in the prior year in order to purchase a
Kawaski Mule for use at Hetton Lyons Park The purchase of the Mule has been transferred to
designated funds.
SCC - Fixed Asset contribution represents Sport and Recreation Contribution capital grant to
purchase a pontoon at Hetton Lyons Country Park Lake to support outdoor swimming and swim.
bl(e, run aCt￿ltieS.
SCC - Pallion Clean and Green represents funds received from SCC Neighbourhood Fund
programme to improve green spaces and urban environmènts for the benefit of the community in
the Pallion. West Sundedand area.
SCC - Clean It Green It represents fvnding from SCC Neighbourhood Fund Coalfield area
programme to improve green spaces and Ufban environments for the benefit of the community.
SCC- CLLD represents funds from SCC Community Led Local Development ICLLD} ESF project
to provide sustsinable economic oppjrtunities and benefits lo areas of Sunderland that face
challenges including soaal exclusion and mumiple deprivat￿n. capacty to accessjob opportunilies.
poor heath or low levels of unemployment and entrepreneurship.
16.
Analysis of n¢t assets between funds
De81gnated
lund8
Re8lrfcted
Fund8
General
funds
Total
funds
Tangible fixed assets
Current assets
Nel current liabilities
Long-term liabilities
1.571,403
24.319
{71,049)
{399,574}
1,571.403
553.396
577,715
{1,￿3,008) 11,134.057}
1399,5741
Net assets at 31 July 2023
12
-23-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
16. Analy81s of Mt assets between funds (¢ontlnuedl
Analy8is of net assets between fund8- prlor year
Doslgnated
fund8
Restricted
Funds
Gonoral
funds
Total
funds
Tanglble fixed assets
Nel current liabiSities
Long-term liabilrties
1.637.409
{68,856)
1476,702)
1.637A09
(325,0861 {393,942
{476.702)
Net assots at 31 July 2022
1 091 851
17. Otherllnancial commitmonts
2023
2022
Operating leases wh￿h expire..
within one year
within one lo tsvo yeaTS
within to fNe years
60,900
220,317
104,633
eKJ,9iJ)
78,550
18. Penslon commltments
The charsty cperates a defined contribub'on pension ￿heme for all qualifying employee5. The
assets of the scheme are held separately from those of the charity, in independently administèred
fund. The contributions payable by the charity charged lo income and expenditure as part of
charitable a¢livilies, amounted lo £41,318 {2022.' £47,023} and all related lo unrestricied funds.
Amounts payable of £28212022.. £1471 are included in other creditors at the year end.
19. Recon¢iliation of net {outgolng}Ilncomlng rn8oureo8 to not cash Inflow from operatlng
actlvtties
2023
2022
Net {outgoingYincoming resources..
Interest Tereivable
Interest payable
Depreciation
LosslProfit on disposal of fixed assets
{IncreasellDecfease in debtors
{Decreaselllncrease in creditors
(151,2781 1214,1671
11,0841
{801
15,074
28,215
77,786
67,881
1194,2821
185,774 1169,0101
124,796
8.141
20. Ultimate parent company and controlling party
With effect from 31 July 2014 It is Considered that there is no paty with oontrol.
-24-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
21. Related party tran￿¢tIOnS
Springboard Sunderland and Sunderland RCA foolball club are related parties SiIK6 Colin Wlson
has significant control of the football club and is a trustee of Springboard Sundedand Trust during
the yearended 31 Juty 2023.
Springboard Sund8rland were flnancially involved in the football club during 2020 providing printing
services from Springboard which are recharged to the club. The club provided sporhng facilities
and work experience opportuniles to Springboard in return.
The amount owed to Springboard Sundedand by the club at the year end was £39.712 12022..
£39,712).
Springboard Sunderland Trust and North East Learning Provider Network Ltd are related parties
as one of the trustees is also a ITUStee of North Ea51 Learning Provider Ne￿Ork Ltd. The amount
owed to Springboard Sunderland Trust at the year end wa5 £S08.75 {2022.' £nill-
22. Agency arrang•ments
The charity administers the disbursement of the new discretionary SUFPOrt for leamers, 16-19
Bursary Funds. on behalf of the ESFA. In the year it received £103.988 (2022.. £98,788) and
disbursed £29,492 12022.. £34,109) and a balance of £413,580 12022.. £339,083) remained in
creditors at the year end.
The charity also administers the disbursement of free meals on behalf of the ESFA In the year it
rec￿Ved £7,40512022.. £10,960} and disbursed £1,865 {2022.' £2,020) and a balall￿ of £295.132
12022.. £289,592} remained in creditors al the year end.
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