Charity number: 523511
SPRINGFIELD BOYS CLUB
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
SPRINGFIELD BOYS CLUB
| CONTENTS | |
|---|---|
| Page | |
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
| The following pages do not form part of the statutory financial statements: | |
| Detailed income and expenditure account and summaries | 15 |
SPRINGFIELD BOYS CLUB
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023
Trustees
Allan Griffin David Ward Jeanette Sunderland
Charity registered number
523511
Principal office
The Springfield Centre, Idlethorp Way, Thorpe Edge, Bradford, West Yorkshire, BD10 9JB
Accountants
Hentons, 124 Acomb Road, YORK, YO24 4EY
Bankers
National Westminster Bank, 1 Victoria Park, Holbeck, Leeds, LS11 5AN
Page 1
SPRINGFIELD BOYS CLUB
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2022 to 31 March 2023.
The charity also trades under the names The Springfield Centre and Springfield Youth and Community Centre.
Objectives and Activities
a. POLICIES AND OBJECTIVES
The objectives of the Charity are to provide education, training, recreation and sports facilities for the Thorpe Edge community of Bradford.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.
Achievements and performance
a. REVIEW OF ACTIVITIES
Activity in the Centre levelled off after a year of growth the previous year as the Centre recovered from the Covid epidemic. An abrupt ending, without notice, of the partnership with the local Secondary School occurred when the School became an Acadamy and it decided to end its off-site Alternative Provision. The loss of income was partially compensated by a number of successful funding bids allowing staffing levels to be maintained.
Our review of our work shows young people see the centre as a "safe place to go" and an opportunity to "get better friends". They also see the centre as somewhere that could help them "get better grades, get a good job and live a good life". We are trusted.
We work in partnership with other local organisations and have a mentoring relationship with another Youth Charity. We have funding in place to support our Youth Workers, and a rental income stream.
The Trustees and team of adult volunteers are ambitious and we have the support of people living around us. Our challenges for the next twelve monthe are to increase the reach of our services and projects, to furher develop our education and skills development theme, increase the voice of Springfield and reduce our reliance on"lay" volunteers through the reruitment of a project leader.
Financial review
a. GOING CONCERN
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
b. RESERVES POLICY
Springfield Boys Club is a "not for profits" organisation with charitable status. The aim of the charity is to accumulate unrestricted reserves to support six months unrestricted expenditure.
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SPRINGFIELD BOYS CLUB
TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023
Structure, governance and management
a. CONSTITUTION
The principal object of the charity is to provide education, training, recreation and sports facilities for the Thorpe Edge Community of Bradford.
The Charity is governed by the Trust Deed dated 31 December 1965
There have been no changes in the objects since the last annual report
b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
TRUSTEES' RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees, on 28 March 2024 and signed on their behalf by:
D Ward
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SPRINGFIELD BOYS CLUB
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPRINGFIELD BOYS CLUB (the 'charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2023.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: D Walker D Walker Chartered Accountant
D Walker Dated: 28 March 2024
Hentons,Chartered Accountants YORK. YO24 4EY
Page 4
SPRINGFIELD BOYS CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted funds Note 2023 £ INCOME FROM: Donations and legacies 2 10,590 Investments 3 38,818 TOTAL INCOME 49,408 EXPENDITURE ON: Charitable activities 5 124,098 TOTAL EXPENDITURE 6 124,098 NET INCOME / (EXPENDITURE) BEFORE OTHER RECOGNISED GAINS AND LOSSES (74,690) NET MOVEMENT IN FUNDS (74,690) RECONCILIATION OF FUNDS: Total funds brought forward 85,447 TOTAL FUNDS CARRIED FORWARD 10,757 |
Restricted funds 2023 £ 71,717 - 71,717 14,629 14,629 57,088 57,088 244,629 301,717 |
Total funds 2023 £ 82,307 38,818 121,125 138,727 138,727 (17,602) (17,602) 330,076 312,474 |
Total funds 2022 £ 109,126 42,582 |
|---|---|---|---|
| 151,708 | |||
| 150,894 | |||
| 150,894 | |||
| 814 814 329,262 |
|||
| 330,076 |
The notes on pages 7 to 14 form part of these financial statements.
Page 5
SPRINGFIELD BOYS CLUB
BALANCE SHEET AS AT 31 MARCH 2023
| Note CURRENT ASSETS Debtors 10 Cash at bank and in hand CREDITORS:amounts falling due within one year 11 NET CURRENT ASSETS NET ASSETS CHARITY FUNDS Restricted funds 12 Unrestricted funds 12 TOTAL FUNDS |
£ 23,372 290,302 313,674 (1,200) |
2023 £ 312,474 312,474 301,717 10,757 312,474 |
£ 14,759 317,960 332,719 (2,643) |
2022 £ 330,076 |
|---|---|---|---|---|
| 330,076 | ||||
| 244,629 85,447 |
||||
| 330,076 |
The financial statements were approved by the Trustees on 28 March 2024 and signed on their behalf, by:
D Ward
The notes on pages 7 to 14 form part of these financial statements.
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SPRINGFIELD BOYS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.
Springfield Boys Club constitutes a public benefit entity as defined by FRS 102.
1.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
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SPRINGFIELD BOYS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES (continued)
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
1.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
1.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.6 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
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SPRINGFIELD BOYS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES (continued)
1.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. INCOME FROM GRANTS AND DONATIONS
| Unrestricted funds 2023 £ Donations 1,140 Grants 9,450 Total donations and legacies 10,590 Total 2022 1,250 |
Restricted funds 2023 £ - 71,717 71,717 107,876 |
Total funds 2023 £ 1,140 81,167 82,307 109,126 |
Total funds 2022 £ 1,250 107,876 |
|---|---|---|---|
| 109,126 | |||
3. INVESTMENT INCOME
| Unrestricted funds 2023 £ Rent received 36,950 Interest received 1,868 38,818 Total 2022 6,202 |
Restricted funds 2023 £ - - - 36,380 |
Total funds 2023 £ 36,950 1,868 38,818 42,582 |
Total funds 2022 £ 42,555 27 42,582 |
|---|---|---|---|
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SPRINGFIELD BOYS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4. DIRECT COSTS
| Running the Centre £ Youth activities 17,839 Administrative costs 1,589 Establishment expenses 55,053 Wages and salaries 62,691 137,172 Total 2022 150,294 |
Total 2023 £ 17,839 1,589 55,053 62,691 137,172 150,294 |
Total 2022 £ 19,247 9,707 78,629 42,711 150,294 |
|---|---|---|
5. GOVERNANCE COSTS
| Unrestricted funds Restricted funds 2023 £ 2023 £ Governance : accountancy 782 - Other Governance costs 773 - 1,555 - ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Staff costs Other costs 2023 £ 2023 £ Direct costs 62,691 74,481 Expenditure on governance - 1,555 62,691 76,036 Total 2022 42,711 108,183 |
Total funds 2023 £ 782 773 1,555 Total 2023 £ 137,172 1,555 138,727 150,894 |
Total funds 2022 £ 600 - |
|---|---|---|
| 600 | ||
| Total 2022 £ 150,294 600 |
||
| 150,894 | ||
6. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
7. NET INCOME/(EXPENDITURE)
During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, no Trustees received any reimbursement of expenses (2022 - £NIL).
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SPRINGFIELD BOYS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
8. AUDITORS' REMUNERATION
The Independent Examiner's remuneration amounts to an Independent Examination fee of £ 150 (2022 - £ 150), and accountancy services of £ 450(2022 - £ 350).
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SPRINGFIELD BOYS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
9. STAFF COSTS
Staff costs were as follows:
| 2023 £ Wages and salaries 62,691 The average number of persons employed by the charity during the year was as follows: 2023 No. 3 No employee received remuneration amounting to more than £60,000 in either year. DEBTORS 2023 £ Due within one year Prepayments and accrued income 8,612 Due within one year Other debtors 14,760 23,372 |
2022 £ 42,711 |
|---|---|
| 2022 No. 3 2022 £ - 14,759 |
|
| 14,759 |
10. DEBTORS
11. CREDITORS: Amounts falling due within one year
| Other creditors Accruals and deferred income |
2023 £ - 1,200 1,200 |
2022 £ 2,043 600 |
|---|---|---|
| 2,643 |
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SPRINGFIELD BOYS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
12. STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
| Balance at 1 April 2022 £ Designated funds Building Development reserve 50,000 Carbon reduction Fund 25,000 Designated Fund 4 30,000 105,000 General funds General Funds (19,553) Total Unrestricted funds 85,447 Restricted funds General contingency 244,629 Total restricted funds 244,629 Total of funds 330,076 STATEMENT OF FUNDS - PRIOR YEAR Balance at 1 April 2021 Income £ £ Designated funds Building Development reserve - - Carbon reduction Fund - - Wind-up Reserve - - - - General Funds 77,995 7,452 Restricted funds General contingency 251,267 144,256 |
Income Expenditure £ £ - - - - - - - - 49,408 (124,098) 49,408 (124,098) 71,717 (14,629) 71,717 (14,629) 121,125 (138,727) Expenditure Transfers in/out £ £ - 50,000 - 25,000 - 30,000 - 105,000 - (105,000) (150,894) - |
Balance at 31 March 2023 £ 50,000 25,000 30,000 105,000 (94,243) 10,757 301,717 - 301,717 312,474 Balance at 31 March 2022 £ 50,000 25,000 30,000 105,000 (19,553) 244,629 |
|---|---|---|
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SPRINGFIELD BOYS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
13. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
| ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR | |||
|---|---|---|---|
| Unrestricted funds 2023 £ Debtors due after more than 1 year 8,613 Current assets 3,344 Creditors due within one year (1,200) 10,757 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unrestricted funds 2022 £ Debtors due after more than 1 year 8,481 Current assets 96,571 Creditors due within one year (2,643) 102,409 |
Restricted funds 2023 £ - 301,717 - 301,717 Restricted funds 2022 £ - 236,148 - 236,148 |
Total funds 2023 £ 8,613 305,061 (1,200) 312,474 Total funds 2022 £ 8,481 332,719 (2,643) 321,595 |
|
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SPRINGFIELD BOYS CLUB
DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
| 2023 | 2022 |
|---|---|
| £ | £ |
THIS SCHEDULE IS NOT FOR PUBLICATION
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