commilgion
COMPANY NUMBER: 02121694
CHARITY NUMBER: 519650
SPRINGBOARD SUNDERLAND TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2025

SPRINGBOARD SUNDERLAND TRUST
INDEX
YEAR ENDED 31 JULY 2025
Contents
Pages
Legal arKI Administration Details
Twslegs. Report
Indgpendent ALKlitors Report to the Trustees
9-12
Statement of Financial Activities
13
Staternent of Fina￿181 Position
14
Cash Flow Statement
15
Notes to the Financial Ststements
16-28

SPRINGBOARD SUNDERLAND TRUST
LEGAL AND ADMINISTRATIVE DETAILS
YEAR ENDED 31 JULY 2025
Regi5ter•d Charlty Name
Springboard Sunderfand Trust
R•gistralion Numbers
Charity Number 519650
Company Number 02121694
Trustees
Jonathan Nicholson (Resigned 0511212025)
John Colin Wilson
Denise Wilson
Graham Burt
(Tnjstees are also the directors for the purposes of company law)
Principal Stafflsecretary
Stephen George Reay
Key Management Personnel
Lisa Gregory- Head of Finance
Janine Doughty- Head of Performance
Stephen George Reay- Chief Executive Olficer
Leanne Green- Training Manager (South)
Keith Miller- ICT Manager
Andrea Whincop - Head of Training
Chrissie Watson- Quality Assurance Manager
R•glstsr4d Ofllce
The Alèc Dickson Centre
Rivergrean Industry Centre
Pallion
Sunderland
SR4 6AD
Audltors
Torgersens
East Suite, Ground Floor
Avalon House
st Catherine's Court
Sunderfand
SR5 3XJ
Bankern
Barclays Bank PIC
Sunderland City Branch
Fawcett Slreet
Sunderfand
SR1 1RS

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 JULY 2025
Trustggs Rgport 2024- 2023
The Trusteas, who are also directors for company law purposes, submit their annual report and t
financial statemènts of Springboard Sunderland Trust for the y8ar8nded 315t July 2025. Reference and
admini$traliv• information set out on pag8 1 forms part of this r8POrt. The Trustees confirm that the
annual report and financial statom8nts of thè Company comply with current ststulory requirements, Ihe
requirements of the Company's goveming document and Accounting and Reporting by Charities
Stslement of Recommended Practice Applicable lo Charitiés pr8paring their accounts in accordance
with the Financial Reporting Standard Applicable in thè UK {FRS1021 {8lTective 1 January 2019).
StNctur•, Gov•manc• and Manag•m•nt
The crganisalion Is a charitable company lIm￿ed by guarantee, incorporated on 9th April 1987 and
registered as a charty on 21st December 1987.
Thg Trust was established under a memorandum of associ8tlon which estsblished the Obj￿1$ and
powers of the charitable company and is govemed by ils articles of association18St updated on 31 July
2014.
The Trust has established risk management procedures whlch Involve identifying and monltorlng rlsk
and taking approprkqle action where necessary. The board belleves Ihal appropriats $yslem$ are In
place to mitigate the major risks to which the company is exposed.
The Twstees have referred to the guidance contained in the Charity Commission's general guidan
on public b8nèfil whén r8viewing the Trust's aims and objectives and in planning its future aclivilies. In
particular, thè trustèès consid8r how plann8d activities will contribute lo the aims and ollectives that
hAve bèon sèt.
R•cNltm•nt and appolntmènt of tNstè•s
Trustees are appointed at a Trustees meeting. Prior lo inviting nominees, the Chair and Chief Executwe
Officer review the experience and skills base of the nominated trustees. On apwinlment. each trustee
received a full briefing and induction on the activities of the Trust.
The trustees of the charitable company (the Trust} are its directors for the purposes of company law.
The trustees and afficers serving during the year and slnce the year end were as follows..
Jonathan Nicholson (Resigned 0511212025)
John Colin Wilson
Doni$e Wllson
Graham Burt
Steve George Reay- Se¢￿tary
ObJ•ctlves and Actlvltl•$
The Trust's primary aim is to support the development of sugtalnable communiti8s, wh&rè pè0￿• hav8
the skills they need for work and life.
The main strategic objectives of the Trust for the period were..
Ensure the long term sustainability of Springboard
Monitor perfomiance lo enable continuous improvement
Deliver the current range of services and expand our a¢tivf(i8s
Grow the business

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES. REPORT (INCORPORATING THE DIRECTORS, REPORn
YEAR ENDED 31 JULY 2025
Pay policy for key managoment ￿rsOnnel
The Trustees of Springboard and the senior management tearn comprlse the key management
personnel of the Trust in charge of directing and ¢ontrolling, running and oporating the Trust on a day
lo day basls. Trustees give their time freely and no one received remuneration in the year in their role
as tNslee.
Salary levels of the senior management team are revlewed annually by the Trustéés based on sector
benchmarking.
R•latod Partl
Springboard and Sunderland RCA Football Club ar8 related parties during the year. Colin Wilson is 8
member of RCA management committee and is a Trustee of Sprin9board Sunderland Trust for the year
ended 31 July 2025. Springboard Sunderland Trust and North East Learning Provider Netsvork were
r81alod partie$ during the year. Denis8 Wilson is a Trustee of North East Leaming Provider Ne￿Ork
and a Trustee of Springboard Sunderland Trust for the year end￿ 31 July 2025. Steve George Reay is
Chair of the North East Leaming Provider Nthork as well as Secretary and Chief Executive Officer of
Springboard Sundedand Trust for the y8ar 8nded 31 July 2025.
Introductlon
Thè organlsation 19 managed by a Chief Execukn've and three Heads of Departments responsible for
Opèrations. Performance and Finance. Each department had its own strategic oblectlves which linked
to the Trust's overall strategic plan. There is a struclural review taking place to increase the quality of
provislon and efficiencies across the staff team which will complete for the start of th8 26127 Academic
y8ar.
In this financial year to 31 July 2025, 594 pètrp￿ were active on mainstream programm8s including 341
Study Programme leamers. 221 ASF learners and 32 Apprenti¢es. The ongoing impact of thè pandemic
continues to have a bearing on children and young people's approach lo pre 16 education, their
outcomes and achievements and their r8luctance lo engage in post 16 leaming, specifically those with
additional needs and those seeking apprenticeships. National increases in isolation, heightened anxiety
and a rise SEMH needs all contributed to regional difficulties in recrulllng and retaining young people
on our foundation study programmes and apprentlceships. We are seeing year on year increa8es in
young people with additional needs a¢ross all communitl8s and local aulhorilies w& work in.
Local Authority funded programmes supportin9 residents In communlty settings continued to see a large
ratè of engagement and have once agaln been subject lo contr8¢t extensions as a result of Ihelr
successful impaGt. A programme to support adults in digital skills received an addltional contract
extension due to its success and engag8d over 400 clients. our welfar• bfrnefit advice project once
again supported over 200 clients.
Wè saw additional growth in new funded programm95 cemenling our position in the communty,
supporting those most in need. Two separate'C18an It Green It. projects in both the city and Coalfields
were extended. and a separately funded environmenlal proj•¢t in partnership with communlty
stakeholders in the Coalfields is now underway. Most of note was the new strategi¢ partnership with
Together for Children in provid8d targeted SUPPL*( for permanently excluded young people through
Altemalive education
Strateglc Report
The overall Income of the Tnjsl forthe year was £3,418,484. This is an increase of £202,551 on thè last
finartclal year. Totsl expenditu￿ 1$ £3.845.244, an increasè of £814.661 on the last financial year. An
operating deficit of £426.760 is recorded.

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES, REPORT (INCORPORATING THE DIRECTORS. REPORT)
YEAR ENDED 31 JULY 2025
At the year end the overall fund balance of the Trust slood at £374.077, represented In a large part by
freehold properties owned by us and used lo further our activities. Th& long term strategy of Springboard
in lermg of propeity and resource management in areas cf devebpment has proved again to be effective
and sustsinable.
Achlevements and Perforniance
Springboard continued lo be one of the North East's loading training. employment and communlty
development organi8alions.
Desplte the ongoing challenges of the ongoing impact from the pandemic on our young people who
were then secondary school students, a number of indicators showed improvement in the year 24125
from 23124 Includlng:
16-19 study programme achievemenl rose by 211
16-19 study programme retention rate rose by 9.7%
Apprenticeship pass rate 100°A
SF 61% achievement rate
Stafflng
The organisations succession process of aligning operations staff saw a reduction In staff responsible
for supervision and increase in learner support and delivery. This structure is now well bedded within
the key areas of SEND, Maths and English. Practical Skills. Foundation Skills and Health and Social
Care.
Staff numbers in 202412025 averaged 95 including, part lime and zero-hour staff members and
apprentices. Up from an average of 85 in 202312024, this was due to an escalation in critical learner
support staff lo address increases in 18amer needs. malemity covers and additional staff supporting
yber attack recovery.
Principal risk$ and uncertainties
Princlpal risks and uncertainties overthis period continuè lo include the ongoing impact of the pandemic
on young people's approach to education and employment. Changes to legislation, the Hitroductlon of
Skills England. the transfer of all ESFA functions to the DIE, and local govemment re$tructtJring due to
the North East Devolution, all present signifi'cant unc8rtointies
A large reduction in the number of low•r-18vel apprenti¢eships. such 8$ thtxe sought by Springboard
learners, and the introduction of fees for employers and 'off the job. requirements continue to result in a
reduction in the nUM￿r of apprenticeships undertaken. in line with national results. The ongolng reform
of qualffjcations at Level 2 and Level 3 will wnlinue to impact the programme offer.
Employerfs reluctance lo invest in staff developmeftl continues to impact Apprenticeship uptske with a
reduction in new starts mirroring the national picture. Nationally apprenticeships have Seen a decline lo
around S0°/0 of pre-covid numbers, this 18 refiecled regionally with Springboards performance in the
market.
A reduction In the number of vocatronal areas in Study Programme and Apprenticeships offered.
consolidating our offer to meet the needs of our cohorts, and an increase in critical leamer support staff.
had a financial impact on performance but resulled in a signfficanl inGrease in quality a￿1 outcomes for
our most chall&nging learners.
As a charity the economic environment within which we operate is very import8nl. GNen our mission to
work in dgveloping sV$tainable communities. it often means working in areas of high social deprNalIC￿.
The UK Shared Prosperity Fund hag been replaced by the North East Combined Authority Adult Skills
Fund.

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES. REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 JULY 2025
Funding resulted in a 12 month contract providing colnmunity support, education and training to those
most in ne8d. Due to its initial success this contrad has now been extended for another 15 months. The
areas that hav8 been hit hardest by continued austerity aml local authority funding ¢uts. reducing
opportunffties for community support programmgs, have now been supported through new fomis of
devolved funding.
There was a significant cyber-attack in January 2025 and critical recovery spann•d 3 months. The
Charity Commission were supplied with an immediale report and relevant information bul did not
consider it a seiious risk following the investigation by ICO and the National Cyber Crime Team. despite
the impact on our income and performance in this financial year. Due lo its nature the attack had an
extended impact on the organisalions ability to operate online. affecting 811 aCtiV￿.eS including promolion.
engagemenl, recruitment, induclion. online delivery and partnerlstakeholder engagement. Sludy
Prcgvamme and Adult Skills both saw significant reductions in starts and a¢hievements directly
impacting income and perfomiance. Folbwing the critical recovery period the organisatlon faced
hallengès in data rebuild and operational information, adding additional financial impa¢l through the
purGhase of rfrgources including hardware, sofvare and licences, staffing and profes$lonal SLtpport
Futurè plans
The organisation now works ck)sety with the North Ea91 Combined Authorty through the award and now
subsequent extension of a direct Adu￿ Skills Contract. This is a growth are8 for the Springboard. An
additional ￿ pyimary themes are SUPPQrted through advisory p081tions on the Pre 16 Inclusive Futures
803rd and the Technical Education Advisory Group for Post 16 which will prove key to the strategic
growth of the organisation in 26127 and devolved funding tslls under the di￿¢1 control of NECA.
Through this dose work with NECA, Local Authorities. regional FE Partners and stskeholders
Springboard has begun to align the offer. meeting the emerging needs of employers and participants
across the region. Shifts in vocational foeLES and slaffing reffect the changes in local needs of the
communities within which we operate. a focus on construction and the buill environmenl. in partnership
wf(h FE institutions and key stakeholder employers will help Springboard meet NECA'S Growth Plan
and North East Employment and Skills Strategy.
We have segn a substantial Increase In young people entering educalion wlth additional needs, both
registered and sew-idenlified. 100Yo of our 16-19 learners in 24125 were from disadvantaged
backgrounds and this trend continues. As a response we increased staff numbers to provpje ¢r(ti¢al
leamer support which has a sign¢f￿an1 financial impact but increased retention and learner success.
A 10% increase In our commlssioned contract places supporting EHCP (Educational, Health and Care
Plans} for 26127 reflects an increase in the number of young people with SEN needs, the Contract
continues to provlde the Local Authority wllh critical support for specialist provision across lh6 region.
Springboard continues to be viewed by schools, parents and stakeholder agencies are the allernatlve
lo local Colleges for those who can't or won't attend mainstream or formal education settings.
A new commi89ioned contract for pre 16 student Attematlve Education p18¢ements has been
successfully running since Sept 25 and its futu￿ confimied with a new contract for 26127 in place. A key
area for Springboards focus and growlh. this provlsion meets the needs of young people across the city
and places the organisation as a strategic partner in the provision of pre to post 16 education and training
opportunities for young people bmth additional needs. Springboard are now a Registered Provider on
the Vulnerable Pupil Panel, meetlng critical need across the region. Discussions with an additional 2
local authorities a￿ underway mirroring the Sunderland a standalone provision to meet growing local
need across the region. A Pre 16 Project is being designed with NECA'S Inclusive Future team to support
the DfE dirgctive of increased work experience opportunities for young people, the focus is on those
permanently excluded or not in mainstream education across the region. This will place Springboard
central to NECAS work as a prime Providei of services to this cohort of students.

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES. REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 JULY 2025
The Futures projects continu8 to grow lo meet an increase in need for young people with additional
needs a¢ross the region. This projèct provides additional education, training and support opportunities
for learners with SEND and has increased external engagement with partner institutions. This is
refle¢ted by the 109A increase in our commissioned numbers for EHCP for 26127, supporting LA'S to
meet their statutory needs.
Despite the challenges pres8nl8d by the Cyber Attack. fvrther development in our VLE (Virtual Learning
environment) education plattorms continue to provide blended delivery to support our leamers where
appropriate and are part of the wid8r strategic plan lo offer increased online leaming to adums as part ol
the North East Mayoral Combined Authority funding streams followng full transition to devolved oversrte.
The ASF eontract is now in its second year. and an improved system supports our leamers lo achieve
successfully. facilitating fvrther grO¥￿h of this offer in both capacity and qualfficalion areas.
The further expansion of the Health and Social Care and Construction 16-19 Study Programme offer
has seen both programmes operating at full capacty in response to the demand for increased training
and employment opportunities within Sunderland and Soulh Tyneside. Partnerships with national
employers in Construction and Health and Social Care havè resulted in training programmes with co
designed cu￿1¢U1Urns lo meet Ihe specific needs of the lab￿r markets emarying trends and expansion
in green skills jobs. This ￿SponSive curriculum developmÈnl modal continues to grow with new
employers to ensure best use of the range of high-qualily facilitiès owned by Springboard. Working wilh
Local Authorities in East Durham and Teesside new projects arè now planned for our facilities in these
areas to meet demand in the 26127 academic year. An additional two Construction Facilities are planned
with staffing for launch in the summer of 26, whilst this creates increased strain on finan¢e$ the
development is essential lo meet local learner and labiyjr market need.
Two additional sub¢ontracls have been confirm8d with anchor inslitulions. delivery of these contracts
will begin in the summer of 26 and are conffrmed for a minimum of 3 years, increasing the organisations
income, foolprlnl and y￿allOnal offer.
A further expansbn of Foundation Engineering 1$ planned for 26127 for South TynèsKle lo meet the
training and èmployment need of the IAMP and Dogger Bank Windfami, research and partnership work
with Stakeholders have resulted in a Goproduced programme, and this is séèn as significant
development In Sprlngboards offer.
The management of the subGonlracled provision continues to improve high standards of integrty and
quality applying to all of Springboaid's leamers across the mgion. Extemal subcontracting will be
reduced in 26127 to support intemal growth and capacty. Additional future plans include working with
our local authorities to inform and support their Post 19 Adult Skills DelDiery through th8 CEOS seat on
the Sundedand Skills, Progression and Employment Shadow Board, and assisting senior Officers of
NECA in the planning of their upcoming Adult Skills Fund delivery for 26127. The r&introduction of adult
skills training in Health and Social Care and Construth"on has complimented Springboards offer and
better meets current and emerging employment nèeds, this remains a key focus for growlh in 26127.
L2 Apprenlic¢$hips. Foundation Apprenticeships and Flexible Apprentice Unit delwery Bre key areas of
focus for Summer 26 and the 26127 academic year. A 3 year growth plan is in place which requires the
scaling up of Business Development functions. an additional strain on immediate finances bul will
$upport future developmènt across the organisalion and increase income whilst addressing the
govemmenls focus on the support of NEET young people in to the workforce. historically the
organisations key cohort.
R•soNes Pollcy
The Trustees wnsider that the ideal level of res9rves as at 31st July 2025 would be £750k. This has
been set as 3 months CO￿ costs expenditure. The actual level of free ￿SerVeS as al 31 July 2025 is
deficit of £786,281 and the trustees have pul eosl savlng plans In pl￿e during the year to increase
reserves.

SPRINGBOARD SUNDERLAND TRUST
TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 JULY 2025
Going Concern
Thg tru$tee$ draw your attention to the going con¢em poI￿Y in note 1 of the accounts together with note
23. The Trust prepared forecasts for the period to July 2027. The Trust nolÈs the net current liabilty
Position at 31 July 2025 of £864,580. The trust ¢ontinue$ to review surplus #slate In order to realise
cash aThJ h61p reduce the net current liabilities. Deparknenl for Education Study Programme core
funding alkneatkjn for 25126 has increased 22'A sin¢e 23124 with a 16.6°A increase in the last academic
year. The allocation for 26127 shows a redu¢ts'on in core funding of 13%. This was as a result of
recruitment in 24125 being impacted by the January 25 cyber attack, reducing the lèvel of eamings in
that year on which the 26127 allocation is based. The reduction in core funding will have no impact on
the organisalion's intern81 delivery. The reduction In allocation can be absorbed by ¢onden$iry the
offer to subcontractors.
The new Local Authority Commissioned contra￿ for Altemative Education 25126 has resulted in a
significant increase in income from £11,000 in 23124 to over £700,000 for 25126. An agreement is in
place to extended delivery into 26127 academic year wlth an uplwi In funding in line wrth inflation.
A new subcontract has been secured in 25126 and wtll continue through to 28129 wrth EPNE. as part of
their CTEC partnership adéressing the skills shortage in construction. An addttional contract has been
secured for 26127 with South Tyneside LA delivering full lime vocalional 16-19 Training and a bespoke
single parenl's support and education programme. A new programme of Construction Delivery is
scheduled for summer start 26 in Hartlepool at thg request of the Local Authority.
There has been an Sncrease in Nursery ir￿rne from 23124 to 25126 as a r•sult of the expansion of the
govemment lunded childcare schemes. Further revision of the provision introduced in 25126 academic
year and continuing into the 26127 academic year results in an increase in grant funding of 28Yo on the
25126 year. This signrficant income growth secures the viability of nursery provision as a going
concem.
Formal negotiations are underway with NECA and a large Social Housing provider to fund access for
all students with additional needs to Springboards Construction Academy whlch Is due for launch
summeT 2026. supports'ng the slralegic need for Alternative Provision places from schools across the
city whilst crèating an addrtional income stream for the charity.
The t￿￿te•S believe that the Trust is well placed to manag8 its risks su¢ce$sfvlly and thus have adopted
going concern basis of accounting.
Stat•m•nt ol Trust•es R?sponslbllltles
Thè tTUStees (who are also direGtors of Springboard Sunderland Trustfor the purposed of company law)
are ￿Sponsible for preparing the trustees, report and the financial ststemenls in accordanc¢ wilh
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Actspted
Accounting Praclicel. Company Law requires directrjrs to prepare financial statements for ¢ach financial
year which give a true and fair view of the slate of affairs of the charitsble company and of the incoming
resources and application of resources, including income and expenditure, of the charitable company
for that period. In preparlng these financial statements. the directors are required to..
Select suitable accounting policies and thgn apply them consislenuy
ObseNe the methods and principles in Charities SORP
Make judgements and estimated that are reasonable and prudent
State whether applicable UK Accounting Star)dards have been followed. suty-ect to any material
departures disclosed and explained in the financial statements., an¢J
Prepare Ihe financi81 stalgments on the going concem basis unless 11 Is Inappropriate to
presume that the charty will continue in business.

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2025
The truytees are responsible for maintalnlng proper accounting records which di$dose with
reasonable accuracy al any time the finan¢lal posltlon of the charitable company and which enables
them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguardin9 the assols of the charitable company and hence for laking reasonable
Steps for the prevention 8nd d8le¢fjon ol fraud and other irregularities.
In so far as the trustees are awai&:
There is no relevant audit infomation of whl¢h the charltable company's auditors are unaware, and the
directors have taken all steps that they ought to have taken to make themselves aware of any relevant
audit inforrnatlon and to establish that the auditors are aware of that information.
And slgned on their behalf:
G. Burt
Date
0710412

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2025
Oplnion
We have audiled the financial statements of Springboard Sunderland Trust (the 'chafiW} for the year
ended 31 July 2025 which comprise the statement of financial positlon, statement of cash flows and the
related notes, includiNJ a summary of si9nific8nt accounting policies. The financlal reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
{United Kingdorn Generally Accepted Accountin9 Practice).
In our opinion Ihe financial stslements..
giv$ a tru& and fair vlew of the stal8 of the charivs affairs as at 31 July 2025 and of its incomiTrJ
r8sourc8s and application of resources, incIL￿Ing its income and expenditure, for the year then
have been properly prepared in accordance wrth Unrted Kingdom Generally Accepted Accounting
Praclice,.
have been prèpared In accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audil in accordanc8 Wlth International Standards on Auditing {UK} {ISAs (UK}) and
applicable law. Our responsibilities under Iho&è standards are further described in the auditorfs
responsibilities for Ihe audit of the financial stat8rn8nls section of our report. We are independent of th8
charity in accordance wlh the ethical requir8m8nls that are relèvant lo our auéit of the financial
statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our 0th8r 8thical
sponsibililies in accordance with these requirements. We bolieve that the audit evidence w8 have
obtalned 58 suffkl8nl and appropriate lo provide a basis for our opinKJn.
Con¢luBlons r•latlng to golng concern
Wè draw your attention to note 23 in the financlal statements which describes that the trust has a
material Ltnsecured creditor (for which no formal rep8yment tems or fixed repayment date have been
agT88d) As at the repo￿.ng date. the creditor has not demanded repayment. However. should the
creditor seek repaymenl within the next ￿e1ve months. the trust would be required to realise a portion
ef ils assets in order to meet this obligation.
Thls condition indicates the existence of a material uncertainty which may cost signrficant doubt o the
trust's abilty to continue as a going concem. Our opinion is not modffied in respect of this.
Other Inforniatlon
The other information comprises the infonnation included in the annual report. other than the financial
Statements and our auditor's report thereon. The trustees are responsible for the other information
contained in the annual rewrt. Our opinlon on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our repryt, Wg do not express any
fomi of assurance conclusion thereon.
Our responslbilty is to read Ihe other infomiation and, In doing $0. conslder whether th8 Othèr
information is m£terlally Inconsistent with th8 financial statemenls or our knowledge obtained in tho
course of the audit or otherwise appears to be materially misstated. If we identify such materfal
Inconsistencies or apparent material misstatements. we are required to determine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed. we conclude thal there is a material mlsstatem8nl of thls other information, we a￿ required
to report that fact.
We have nothing to report In thls regard.

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2025
Opinions on other mattèrs prescrlbed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of the audit
the information given in the trustees, report for the financial year for sthich Ihe financial statements
are prepared is consistent with the financial statemenls,- and
the tnJstees' report has been prepared in accordance with applicablo l¢gal requlrements.
Matters on whlch we aro r¢qulred to report by exception
In the light of the kno5￿￿dge and understandin9 of the charity and ils environment obtained in the course
of Ihe audit, we have not identifieé material misstatements in the trustees, report.
We havg nothing to rawt in respect of the following matters in relation to which the Companios A
2006 rgquires us to rèport to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not beon
recgived from branches not visited by us., or
the financial sl8tements are not in agreement with tho accountlng records and retums- or
rtain dis¢losureg of trustees, remuneraliori 5p8crf￿d by law are not made: or
we hav• not re¢eNed all the infomialion and èxplanations we require for our audit,. or
thè trust8es were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies. exemptions in preparing the
trustees, rewrt and from the requirement lo prepare a strategic report.
R•$ponslbllltles of trustees
As explained more fully in the trustees. r&sponsiblllti8S Statement set c￿t on page 6, the trustee5 (who
are also the directors for the purposes of company law} are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view. and for such intemal
control as the Iruslees determine Is necessary to enable the preparation of financial stslemenls that aro
free from material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are r8spon$ible for assessing the ch8ritls ability to
continue as a going concern. disclosing, as applicable, matters related to going concern 8nd using the
going concern basis of accounting unless the trusle8S •lther intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do $0.
Audltorfs responslblllllos tor the audlt of thg flnanclal stat•m•nts
Our obj8dves are to obtain reasonable a5suranca about whether the financial statsments as a whole
are free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that
includes our opinion. Reasonablè asgurance is a high level of assurance, bul is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a matgrial misstatement when it exists.
Misstatements can arise from fraud or error and ar8 considered material rf, individually or in the
aggregate, they could reasonably be expected lo influence the economic decisions of users tsken on
the basis of th95• financial slatemenls.
Irregularities. includiro fraud, are instances of non-wmpliance with laws and regulations. We design
procedures in line with our responsibilities. oullined above. to detect material misstalemonts in respect
of irregularltles, including fraud. The extenl lo which our procedures are capable of detectlng
irregularitles, Induding fraud is detailed below..
-10.

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2025
Explanatlon as to what ext•nt th8 audlt was ¢onsldgr•d c¥pabl8 of detectlng Irregularltl•s,
Includlng fraud
The objectives of our audit with Trgards to fraud are to design tailored and spe¢ifi¢ audit procedure8 to
enable us to gather sufficient audit evidence. These tests are proportionate and appropriate lo the
charitable company in terms of assessed risk level and the nature of the entity's activities. However, the
primary r8sponsibility for the prevention and detection of fraud rests with those charged with
governance.
We obtained an understsnding of the legal and regulatory tsquirements whlch applied to the
charitable company, which we deemed to be the Companies Act 2006, and Statement of
Recommended Practice to ¢h8rilies. the Financial Reporting Standard applicable in the UK and
Republic of Ireland (Charities SORP {FRS10211.
We obtained an underslandlng of how the charitable company had Complied with these
regulations by ￿VIewing their treatment of transactions, reviewing minutes of meetings and
discussing compliance trustees and those charged with governan¢e.
We assessed tho risk of material misslalement of th8 financial statements. including the risk of
material misstatement due to fraud and identrfied that incomé from ESFA for education and
apprenkn'ceships and grants is most suscepts'ble lo fraud or èrror. Wè designed our audit work to
test the controls in place regarding the processing of thes8 transactions and how these controls
are capable of preventing or detecting fraud or error. Within the year erKI there was a cyber
breach impacting the availability of information r81ating to year ended 31$1 July 2025 resulting in
ext•ndod audil testnig.
Our audit procedu￿8 gathered eVKIen￿ to support the ciaims of the trustees whi15t maintaining
profèssional scepticism to allow us lo draw our own conclusion on the matter.
As part of an audit in accordance with ISA5 (UK), wg exercise profession81 Judgment and maintain
professional scepticism throughout the audit. We also..
Identtfy and asses5 the risks of material misstal8ment of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not
detecting 8 material misstatement r•$ulting from fraud is higher than for oné resulting from error.
as fraud may involve collusion, forgory. intentional omissions, misrepresantatlons. or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in orderto design audit procedures
that are appropriate in the drcumslances. but not lor the purpose of expressing an opinion on the
effectiv8nèss of the internal control.
Evaluate the approprlateness of accounting policies used and the reasonableness of accounting
eslimales and related di8closur68 made by the Iruslees.
Conclude on the appropriateness of the trustses. use of the wing concern basi$ of accounting
and. based on the audit evidence obtained, whether a m8teri81 uncertainty exists relatod to evenlg
or conditions that may cast Sl9nificant doubt on the chartty's ability to continue as a going concem.
If we conclude that a material uncertainty exists. we are required lo draw attention in our audf(orfs
report lo the related disclosures in Ihe finaneial ststements or, rf such disclosures are inadequate,
lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the dat8 of
our auditor's report. However, future events or conditsons may Cause the eharty to cease lo
continue as a going con¢grn.
Evaluate the overall presenLqtton. structure and cont8nt of the financlal stslements. including the
di$clo$ure$, and whetherlhe financial stat8m8nts representthe undedying transactions and events
in a manner that achieves fair presentation.
11

SPRINGBOARD SUNDERLAND TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPRINGBOARD
SUNDERLAND TRUST
YEAR ENDED 31 JULY 2025
We Communicate with those charged with governance regarding, among other mallers. the planned
scope and liming of the audit and signi￿ant audit findings. including any significant deficiencies in
intemal control that we idèntify during our audit.
Use ol our report
This report18 made solely lo the ch8riiable company's members. as a body, in accordance wlth Chapter
3 of Part 16 oflhe Componigs Act 2006. Our auditwork has been undertaken so that w& might state to
the charitable company's members those matters we are required lo state to them in an auditorfs report
and for no other purpose. To the fullest ext8nl pemitted by law, we do not accèpt or assume
rèsponsibility to anyone other than the charitabl• company and the charitablè company's members as
a body, for our audf( work, for thls report, or for the opinions we have formed.
Aison Henshaw FCCA
(statutory Auditor}
For and on behalf of
TORGERSENS
Chartered Accountants
& Statutory Auditor
East Suite. Ground Floor
Avalon House
Sl Catherlne's Court
Sunderland
SR5 3XJ
Date.. 07/05/2
12-

SPRINGBOARD SUNDERLAND TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 JULY 2025
Unrestrlcted Restrlct¢d
Funds
Funds
Total
2025
Total
2024
Note
Income:
DonatK)ns and legacies
2,353
2,353
2.880
Charitsble adivities
3,133,086
276.751
3,409.837
3,205,650
Investment income
6,294
6294
7,4Q3
Total Incomlng resources
3,141.733
276,751
3,418A84
3,215,933
Exp•ndltur&:
Charitable aclvlties
3,585,376
259,868
3,845,244
3,256,264
{ProfityLos5 on sale of fixed asset
1225,6811
Total expendltur8
3,585,376
259.868
3.845.244 3,030.583
Not incomellexpendlture)
(443,643)
16,883
1426,760)
185,350
Net movement In funds
1443.643)
16,883
(426,760)
185,350
Transfor bet￿on funds
86,723
(86.723
R•conclllatlon of funds
Total funds brought lorward
Total funds carrl•d forward
730,997
69,840
800.837
615.487
374.077
374,077
800,837
The statement of financial aclNill&s Includes all gains and losses r8cogni$ed in the year.
All incoma and èxpenditure derive from continuing activities.
The notes on pag85 16 to 28 form part 01 these financlal statements
13-

SPRINGBOARD SUNDERLAND TRUST
STATEMENT OF FINANCIAL POSITION
YEAR ENDED 31 JULY 2025
Not•
2025
2024
Flxed Assets
Tangible fixed assets
1,483,693
1,497,390
Current assets
Debtors
Cash at bank and in hand
10
259.336
361,215
316.146
549,017
620.551
865,163
LlabllFtles
Creditors.. amounts falling due withln one
y8ar
11
(1.485.131)
1864,580)
{1,238,6601
1373,4971
Net curr•nt Il•bllltles
Total assets less current liabilities
619,113
1,123.893
Credltors: amounts falllng due
after more than one year
12
1245,036} {323,056)
Not assets
374.077
800.837
Funds
un￿strICted funds
Designated funds
General funds
14115
14115
1,160,358
1,098,972
{786,281) 1367,975)
374,077
730,997
69,840
Restricted funds
1411S
Total Charlty Fund$
374.077
800,837
The trustees ackrKiwledge their rgswnsibilTrties for. {1} ensuring that the charltable company keeps
proper accounting records which comply with section 386 of the Act.. and {iil preparing financial
statements which give a twe and fair view of the stale of affairs of the tharftable company as at the end
of the financial year 8nd of ils incoming resources Énd application of resources. including ils surplus or
deficit for the financial year in accordance with the requirements of Section 394 and 395, and which
otherwise compty with the requirements of the Act relating to financial statements, so far as applicable
to the charitable company.
These financial statements have been prepared in accordance with the provisions applicablè to small
companio$ subject to the Small companies regime ond in accordanc8 With FRS102 SORP.
These financial statements were approved by the trustees on O I (0 512
and are signed on their
bghalf by..
G. Burt
Company number 02121694
The notes on pages 16 10 28 form part of these financial ststements
14-

SPRINGBOARD SUNDERLAND TRUST
STATEMENT OF CASH FLOWS
YEAR ENDED 31 JULY 2025
Note
2025
2024
Net cash flows from operatlng actlvltl¢$ 19
131,598)
34,440
Cash Flows from Inve8tlng Actlvltlos
Inlerest re¢elved
Inlerest paid
Paymenls to acquire tangible fixed assets
Proceeds from $81e of tangible fixed
assets
6,294
115,225)
{72,195)
7,403
{17,8641
250,000
Not Cash Used In Investing Activltl•s
Taxatlon
181,126)
239,539
Cash Flo￿ from Flnancing A¢tivltl•s
Repayment of bank loans
Net Cash {used In} Flnanelng ActI￿tIeS
{75,079)
{75.079)
{72,210)
{72,2101
Chango in Cash and Cash Equivalents
In the Reportlng Perlod
Cash and Cash Equlvalents at the
Beglnning of th• Year
Cash and Cash Equlvalents atthe End
of th• Year
1187,803}
201,769
549,017
347,248
361.214
549.017
The notes on page$ 16 to 28 form part of the$& financial statements
-15-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
Accounting Poli¢i•s
The principal accounting Wici&s arè summarised below. The accounting policie8 have been
applied consistently th￿ghout the year and the preceding year.
Basls of Accountlng
Springboard Sunderland Trust is a charitable company, limited by guarantee, registered In
England. The address of the charity's registered office and principal place of business is The Alec
Dickson Centre, Rivergreen Industry Centre, Pallion, Sunderfand SR4 6AD.
Springboard Sunderfand Trust meets the definition of a public benefit enlity under FRS 102. The
charity exists for the benefit of Ihe public through the provision of training and educats'on to ywng
people and adults.
These financial statements have beer4 prepared in accordance with the Charitses SORP IFRS102}
-Accounling and Reporting by Charities"; Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financi81 Reporting Stsndard applicable
in th8 UK and Republic of Ireland {FRS 1021 {effective 1 January 20191. and the Companies Act
2006.
Assets and liabilili8s are inilially recognised al historical cost of transaction value and in
accordancè with the Slalement of Recommended Practice 'Accounting and Reporting by
ChÈrilies' effective al 1 January 2019 (Charities SORP IFRS 102)) and the Companies Act 2006.
The financial $talemenls are presented in sterling which is also the functional currency of the
Charity. The monetary amounts in these financial statements are rounded to the nearest £.
except where ottwwise indicated.
Going conc¥m
The financial 8tstemenls have been prepared on a going ￿nCern basis, wh￿h assumes that the
Iru$l will continue to operate for the foreseeable fuluro.
In assessing the appropriateness of the going Goncern basis. management has prepared cash flow
forecasts and budgets up to 3191 July 2027. These forecasts lake into ac¢ount the current finan¢ial
position. agreed and expected future funding and available firk2ncial resour¢es.
The trust has a material unsecured credf(or for which Th) fonnal repayment ternis or fixed
repayment date have been agreed. As at the date of the approval of these financial statements.
no demand for repayment were ￿qUeStsd, the trust has identified a number of assets which are
surplus to the trusts operations requirement in order to meet this obligation. Management have
consider8d this in ils ass8ssmenl of going concem and the twstees have a reasonable expectation
that the trust will be able io operate and meet its obligations as they fall due for the foreseeable
future.
A¢¢ordlngly. the fiDan¢ial statements do not i￿lUde any adlustments that would resull if the
¢omp8ny We￿ unable lo Continue 8$ a golng ¢oncern.
Income
Voluntary income is received by way of dOna￿on8 and glfts and Is Included In full In the statement
of financial activities when receivable. Income from the sale of goods and servlces is recognised
in the financial statements during the year in which the service is carried out and therefore
entitlement is earned.
Revenue and govemment grants a￿ credited to the statement of financial activities when
receivable.
16-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO ThE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
Where unconditional entitlement to grant$ receivable is dependent upon fi1￿lIment of condrtions
within the charity's control. the incoming resources are recogni$8d when there is sufficient
evidence that conditions will be met. Whore there is uncertainty as to whelher the charity can
meet such cornlitions the incoming resource is deferred.
Contract income 1$ reeognised in the finan¢ial statements to the exlenl that entitlement has be8n
eamed 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 Ihe goods or seNice is provided lo Ihe customer.
Investment income is ineluded in the Statement of Flnan¢lal Activlties on a receivable basis.
Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditur8
which meets these criteria is charged to the fund.
Unrestricted funds are donalons and other incoming resources received or generated for the
general charitable purposes.
Designated ￿ndS are un￿StrIcted fijnds earmarked by Ihe trustses for particular purposes.
Resources oxpended
Resources expended are recognised in the period in which they are iDGurred. Resourc•$
expermled include attributable VAT which cannot be recovered.
Resources expended are allocated to the particular activity where the cost relates directly to that
activity- As the charitsble company only carried out one activity during the year, support costs
have Th)t bgen sèparately analysed.
Govemance costs are the costs associated with the govemance arrangements of the charlty.
These costs ar8 ag90¢iated with conslitulional and statutory requirements and include any costs
a8socl8ted with the Strategic management of th• char'ty's activities.
Subcontractors costs represents Education & Skills Funding Agency {ESFAI income earned by
subcontractor$. where the contract with the ESFA is with Springboard Sunderland Trust. This
expenditure 1$ recognised as a lower of the profile amount payable per the contract between the
charity and the partner and the actual income eamed by the partners during the period. less a
management fee.
Tanglbh flxed assets and dèpr•clallon
Depreciation is provided at rates calculated to write down the cost of each asset lo its estimated
residual value over ils èxpècted useful life. Freehold land is not depreciated. The éepreciation
rat&$ in use are as follows..
Freehold and long leasehold property
Office equipment, fumiture and fittings
Complrter equipment
Motor vehicl8#
20A strai9ht lin8
33.30A straight line
33.30A straight line
33.30A straight line
Items of equlpment are capitalised where the purchase price exceeds £2,000. Depreciation costs
are allocated to aclivilies on the basis of the use of the related ass8ts in those activities. Assets
are reviewed for impairment of circumstances indicate their carrying value may exceed their net
realisable value and value in use.
17.

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
Leases
Rentals payable under operating leases. where substanlialty all the risks and rewards of ownership
remain with the lessor. are charged to the statement of financial activ￿e$ on a straight line basis
over the minimum lease term.
Penslons
The Trust operates a defined contribution pensron scheme for ernployees. The agsets of the
scheme are held separately from those of the charitable company. The amount charged lo the
stslemenl of financial activities is the contributions payable in the year. Dtfferences b&tsveen
contributions payable in the year and actually paid ale shown as either prepayments or oth8r
creditors.
Agency Income
The Twst acts a$ a agent In the administering of 16-19 Bursary Funds and free meals from the
ESFA. Related payments received from the ESFA and subsequent disbursements lo students
are excluded from the statement of financial activities lo the extent that the Trust does not have a
beneficial interest in the individual Iransaclions. The allowance of 5% as a contribution to
adminislralion costs is however recognised in the statement of financial activities. Where fvnds
have not bèèn fully applied in the year then an amount will be included as amounts due to thg
ESFA.
In addlllon, the Trust acts as an agent in the administering of Apprenticeship Grants for Employers
Funds from the ESFA.
Related payments receivèd from the ESFA and subsequent
disbursemenis to employers are excluded frorn th8 Statement of financial actNities lo the extent
that Ihe Trust does not have a beneficial inlgrest in the individual transactions.
Flnanclal Instrumonts
The charity has elected lo apply th8 provisions of Section 11 "Basic Financial Instruments" and
Section 12"Olher Financial Instruments Issues of FRS 102, in full to all of its financial instruments.
All of the Charities financial assets and financial liabilities qualify as basic financial instruments.
Basic Financial instruments are initially recognised at transaction value and subsequently
measured at their séttlement value.
Financial o$&•ts.' Trade and other debtors
Trade and other debtors which are receivable within one year and which do not constitute a
financing transaction are initially measured at the transaction price and subsequently measured at
amortised cost. being the transaction price les5 any amount settled and any impairment losses.
A provision for impairment of trade debtors is established when there is oblectNe evidence that th8
amounts due will not be collected according to the onginal temis of the contract. Impairm&nt
losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over
the present value of the future cash flows discounted using the original effective inl&resl rate.
Subsequent reversals of an imp8imient loss that objectr'vely relate to an event occurring after the
impairmenl105s was recognised, are recognised immediately in profit or loss.
Financial liabilitias.. Trad8 and other creditors
Tradè and other creditOTS (including accruals> payable within one year that do not constitute
financing transaction are initially meaSU￿d al the transaction price and subsequenlly mgasured at
amrtlsed cosL being the transaction Price less any amounts settled.
18-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
Crllical accountlng estlmates and ar•as of judgement
Estimates and judgements are continually evaluated and are based on historical experienc8 and
other faclors, including expectations of future events that are believed to be reasonabl8 under the
ir¢umslanc8s.
R•cov•r•bility of d•btor$
Debtors are r•viéw6d on a line by line basis by the Trust annually. Provlslons are made as
appropriate following this review.
Volunlary incom•- donatlons
Total
2025
Total
2024
Restrlcted Unr•strlct•d
Donat￿n9
Income from donations in 2024 was unrestrfcted.
Charftable actlvltles
Total
2025
Total
2024
Rastrict•d Unr•strl¢ted
Education & Skills Funding Agency
2,389,495
2.389,495 2,498.145
Revenue from nursery, Bistro and Upstream
Cty of Sunderland - Nursery Grants
Cliy of Sunderland - Other Grants
City ofSunderland- Hetton SIB
NECA Adult Funding
Other income
Other grants
Apprenticeship co-invostment
Total
261.468
158,841
261,468
243.613
82,818
146,853
176,902
5,255
102,333
1,100
213.975
281.103
49.08
78.227
84,772
82,818
106.303
40,550
176,902
5,255
99.475
1,100
5,401
81,713
2.858
276 751 3 133 086
Income from charitable activI￿eS in 2024 was made up of unrestrictsd funds of £2.930,568 and restricted
luThJs of £275,082.
Investmenl Income
2025
2024
Cash investments held in the UK
Investment income in 2025 and 2024 w8s unrestrlcted.
19-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
Total r•sourc•s •xpended
Restrict•d Unrestricted
2025
2024
Staff ￿$ts (Note 7)
Secondment and Assessors {agency ¢osts>
Trainee allowan¢e8
Premisgs wslg
Travel and subsistence
Training ¢osts and staff training
Health & Safety
Malerials and equipment
Professional services
Interest payable
Irre¢overable VAT
Sub-contractor costs
Marketing
Depreciation
Other
Govemance
Grants payable to S18
Bad debts
230,362
2,027,794 2,258,156 1,884,790
24,685
24,685
17.684
54,686
54,686
55,882
379,799
385,384
325,587
47,651
63,718
44,265
61,509
61,509
54,873
36,232
39,887
37,856
196.239
200,438
139,320
83,587
83,587
72,210
15.225
15,225
17,864
99.069
99,069
65,860
404.692
404,692
402,750
35.015
35.015
19,498
85.892
85,892
74,013
162)
(62)
19,050
19,050
14,313
14,313
5,585
16,067
3,655
4,199
15,576
12,579
15,627
Total resources exyndad
The expenditurè in 2025 related to £259,868 r951ricled funds and £3,585,376 unrestricted funds (2024:
£205,242 restrict8d funds and £3.051.022 unrestricted funds)
6. Nèt l•xp•ndlture>llncome for tho year
2025
2024
This is stated after charging:
Depreciation- owned assets
Lo881 (Profit) on sale of fixed assets
Interest payable
loan interest
Other interest
Operating lease rentals:
propety
Auditors, remuneration
85.892
74.013
1225.681)
14,011
1,189
16,882
982
Tl.227
65.954
7. Staff costs and numbers
2025
2024
Staff ￿sts were as follows:
Salarie5 and wages
Social security costs
Pension Contribu￿an$
Recruitment costs
other costs
Lrfe Insurance
2.034.218 1,714,614
148.214
112,762
53.783
45,173
7.706
4,693
294
7.254
13,687
20-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
The average number of eM￿0y•￿S during the year was as follows:
2025
2024
No
81
Tr8ining &education
Apprentices
92
Trustees
During the year, no dlrector recewed any remuneration {2024: £nil}. There wer8 no reimbursed
expenses payable to trustees during the year (2024.. £nill-
Key managemenl personnel
The key management Personnel of the charity comprisg thg porsonnel Ilsted on page 1. The total
employee benefrts of the key management personnel of the charity £340,95212024'. £295,536).
The number of employees whose remuneration for the year fell within the following bands. were..
2025
No.
2024
No.
£60.000 to £69,999
£70,IXiO to £79,999
Taxation
The ITust is exempt from corporation tax as all its income is charitable and is appli6d for Charitable
purposes.
.21

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
Tangiblo fixed aysets
Freehold Computor
and long equipment
leasehold
property
Offlce
Fumlture
and Ilttlngs
Motor
vehlcles
T¢tsl
Cost
At the start of Ihe year
Additions in year
Disposals in year
2.532.481
266,205
384.470
61,087
72,195
3,244,243
72,195
At the 8nd of the year
D•precialion
At the start of the year
Charge for the year
Disposals in the ygar
1.050,998
50,647
266,205
368.563
14,679
61,087
20,566
1,746,853
85,892
At the Ènd of IhÉ year
N•t book valu•
At th8 8nd of the year
At the start of the year
Included whhln the net book value of £1.430,836 of freehold and long leasehold property is £1,162,795
which ￿lateS to long leasehold prop8rtie5.
10. Debtors
2025
2024
Trade debtors
Other debtors
Prepayments
Social Security and Other Taxes
122,429
89,601
46,489
817
232,628
26,996
53,965
2,557
11. Credltors: amounts due wlthln one year
2025
2024
Bank toan- repayable wtthin one year
other creditors
Social Security and Other Taxes
78.299
75,357
1.364.208 1,127,504
42.624
35,799
The bank loan in the year is from Barclays and is repayable by monthly Instslments 8nd bears a fixed
rate interest at 3.85Yo per annum. The loan is secured by fixed Charges over of the charitable
company's freehold propertie$ as well as of its le8sehold proPe￿,e8. The loan is repayable over
10 year term.
-22-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
12. Crodltors: amgunts due after ono yoar
2025
2024
Bank loan
repayable wthin one lo two years
repayable wlhin two to five years
Repayable over five years
81,367
78,309
84,556 158,774
79,113
85,973
The bank loan in the year is from Barclays and is repayable by monthly inslalments and bears a fixed
rate interest at 3.85% per annum. The loan is secured by fixed charges over two of the charitable
company's freehold properties as well as ￿ of its leasehold properties. The loan is repayable over
10 year term.
13. Financial Instruménts
The carying value of the Charity's financial instwmonts at 31 July were:
2025
2024
Flnanclal assels
Debt instruments measured at an￿rtISed cost..
Trade debtors
Other debtors
122,429
89.601
232.628
26.996
Financial liabi111185
Measured at amortised cost:
Bank loans
Other Creditor3
323.335
398,413
1,364,207 1,127,504
-23-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
14. Movements In funds
At I Augllst
2024
Incomlng
resourcos
Outgoing Transfers
Tg5gufcoS
At 31 July
2025
Deslgnated funds:
Fixed Asset Fund
1,098,972
{99.903)
161,289
1.160.358
Total doslgnated funds
Summary of Funds
Designated Funds
General Funds
1,098,972
{99.903)
161,289
{367,9751 3,141,733 (3,485.473) (74,5661
1.160,358
1786,281)
730,997
69,840
3,141,733 (3,585.376)
86,723
276,751
1259.868) (86,7231
374.077
Restricted Funds
418 48
Purposo of designat￿ funds
The fixed asset fund represents the valu8 of unrestricted fixed assets, tess any loans used to finance
them. Thè transfer in the year reflects the adjustment lo depreciation, 5oan repayments and assets
realloratad to general fund8 to be sold post year end.
Movements in funds- prlor year
At 1 August
2023
Incomlng
rnsources
Outgolng Transfers
rosourcgs
At 31 July
2024
Deslgnated funds:
Fixed Asset Fund
CUr￿nt Asset
1,100,780
24.319
190,8981
89,090
(24,3191
1,098,972
Totsl de61gn*ed funds
Summary of Fund$
Designated Funds
General Funds
1,125,099
{90.8981
64,771
1509.612) 2,940,851 (2,734.4431 (64,7711
1.098,972
1367,975)
615,487
2,940,851 (2,825,341)
275,082
1205,242}
730,997
69,840
Restricted Funds
61
.24-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
15. Anilysis of rèstrlctod fund movements
At 1 August
2024
Incomlng
resour￿5
0￿goIng
re50urc8s Transfers
At 31 July
2025
Communities Connec18d
R U Ready UC
Durham Wildlife Trust
DCC Durham Works
SCC Pallion Clean and
Green
SCC c￿an it Green It
Wise Group
Stephenson Trial
SCC Huher Needs
20,127
27,843
120.1271
127.8431
69,840
{69.840)
47.847
147.8471
21,805
61,012
58,334
2.858
36,925
121.8051
(44.1291 {16,883)
158.3341
12.8581
(36.9251
Analysls of restrictod fund movement8- prfor year
At 1 August
2023
Incomlng
resources
Outgolng
resources Transfers
At 31 July
2024
commun￿88 Conneded
R U Ready UC
Durham Wildlile Trvst
DCC Durham Works
SCC Pallion Clean and
Green
SCC Clean it Green11
Wise Group
19,077
24,190
69,840
81,714
119.077}
124.190}
69,840
181.714}
16.453
32.632
31,176
116.4531
132.6321
131,1761
Th8 transfers represent a pontoon and a Irailer purchased from funds recèived wtlh the purpose of being
spent on thès8 assets.
Communities Connected represents funds received from Sundedand Clty Council towards digit81
training and increasing confidence In using IT.
R U Ready UC represents funds received from Sundedand City Coun¢S1 Nelghbourhwd Fund toward$
supporting local residents in their 8ppIic8tion for Universal Credlt.
Durham Work5 repressnts funds received in respect of the Durham Works project with Durham City
Council lo encourag8 young people who are disengaged wlth education. unemployed and who may
have special educatiortal needs, The programme covers confidence building and personal development,
matching skills, strèngths and attributes to employment.
Durham Wildllfe Trust represents funds received from Sunderland City Council towards the cost of
purch8slng a new tractor with flail hedge Guttor and flail mower collector. This was purchased in August
2024.
.25-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
15.
Analysls of rostrlctèd fund movements {conllnued)
SCC - Pallion Clèan and Green represents funds recewed from SCC NeighbcAJrhcM)d Fund
programme to improve green spaces and urt)an environments for tho benefit of the communty in
the Pallion, West Sundgrtand area.
SCC Clean It Green 11 represents funding from SCC Neighbourhood Fund Coalfield area
programme lo improve green spaces and urban environments for the ben¢fil of the cc*mmunity.
Wise Group - Wise Group represents funding from SCC for mentoring support lo economically
inactive residents across the Sunderland area, offering a wide rang of activtties and services to
address the varied. complex barriers that prevent many securing and suslainirwJ quality
employment.
Stephenson Trial Environmental Improvements - Stephenson Trial represents funds to maintain
and improve the trail from Elemore Park lo the A19.
SCC Higher Needs - The Higher Needs Funding frorn SCC is funding provided to support children
and young people 10-25} with significant special edU￿bonal needs ISENI or disabiliti8s, often
through Educallon. Health and Care Plans IEHCPs).
16.
Analysls of net assols befvmen funds
Dosignated
funds
Restrlcted
Funds
G•noral
funds
Total
funds
Tangible fixed assets
Current assets
Net current liabilities
Long-lerm liabiliti•$
1.483.693
1.483.693
620.551
620.551
11,406.8321 11.485,131)
1245,0361
178.2991
1245.0361
Net assels at 31 July 2025
An•ly$l$ of nel assets between funds- prlor year
Dfrslgnated
funds
Rèstrlcted
Funds
General
funds
Total
lund$
Tangiblé fixed assets
Cu￿6nt assets
Net current liabilities
Long-lerm liabilities
1,497,390
151
{75,3571
{323,058)
1.497.390
795,328
865.163
{1,163.3031 11.238,6601
1323.0561
69,840
Net assets at 31 July 2024
17. Other financial commltm•nts
2025
2024
Opèrating leases which 8xpire'.
thin one year
within one lo tsvo years
within kn lo five years
58,700
204,800
2,133
66.717
204,800
53,333
.26-

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
18. Penslon commltments
The charity operates a defined contribution pension sch•me for all qualifying employ@8s. The
assets of the Scheme are held separately from those of the charity. in int1ependently administered
fund. The contributions payable by the charity charged to ineome and expenditure as part of
charitable activities. amounted to £53,783 12024.. £45,173) and all related to unrestrictèd funds.
Amounts payable of £11,48912024.' £2821 are included in other creditors at the year end.
19. Reconclllatlon of n¢t {outgolngVlncomlng rn$our¢•s to net cash Inllow from op•rntlng
actlvltles
2025
2024
Net loutgoingifincoming resiyjrces:
Interest receivable
Interest payable
Depreciation
LosslProfit on disposal of fi'xed assets
IlncreaseyDecrease in debtors
IDecreaseyln¢rease in creditors
(426.7601
16,2941
15,225
85,892
185,350
{7.403}
17.864
74.013
1225,681)
56,810 1109.998)
243,529
100.295
20. Ultlmate parent company and controlllng party
ith effect from 31 July 2014 it is considered that there is no paty wlth control.
21. Related party transactions
Springboard Sunderland and Sunderland RCA football club are related parties Since Colin Wilson
has si9nificant control of the football club and is 8 ITuslee of Springboard Sunderland Trust during
the year ended 31 July 2025.
Springboard Sunderland were financially irNoFved in the football dub during 2020 provldlng prlnting
services from Springboard which are recharged lo the club. The club provided sporting facllities
and work experfence opportunities to Springb¢)ard in retum.
The amount owed lo Springboard Sunderland by the club at the year end was £31.492 12024..
£39,712).
Springboard Sunderland Trust and North East Leaming Provider Network Ltd are related pa￿eS
s one of the trustees is also a trustee of North East Learning Provider Melwork Ltd. The amount
owed lo Springboard Sundedand Tnjst at the year end was £608.75 (2024.. £608.751-
22. Agency arrangwnents
The charity administers the disbursement of the new discretionary SUPPOrt for learners, 16-19
Bursary Funds. on behalf of the ESFA. In the y8ar it re￿iVed £85,773 12024: £105,563) and
disbursed £19.711 {2024: £20,211) and a balance of £564.995 (2024.. £498,932).
The charity also administers the disbur¥gment of free meals on behaff of tho ESFA. In the year it
received £19,309 {2024- £20,669) and disbursed £3,293 {2024: £2,950) and a balance ef £328,866
(2024.. £312.8511 remained in creditors at the year end.

SPRINGBOARD SUNDERLAND TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2025
23. Going concem
The financial statements have been prepared on a goiThJ concem basis. As disclosed in Ihg
accounting policies, the directors have assessed the trust's ability to continue as a going concern
for a period of at least ￿e1ve months from th8 dale of approval of these financial statements.
The Trust has a matÈrial unsecured liability of £1,048,238. There are no formal repayment terms
and no fixed repaymènt date associated with this balance. As at thg date of approval of thes8
financial statements. no demand for repayment has been made.
In the event that the credilor were lo reque$l repayment within the next tsvelve months, the Trust
may be required to realis6 certain assets in order lo generate sufficient funds to settle the liability.
The timing and amount of any Such asset realisalions are uncertain.
However, the absence of a formal repayment agreement gives rise lo a material uncertalnty which
may cast signrficant doubt on the Company's ability to continue as a going concem. The financial
statements do not includ6 any adlustments that would result if the Company We￿ unable to
continue as a going coneern.
-28-