**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.
Page 2
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- 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**
Page 3
## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. 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.
Page 6
**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.
Page 7
**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.
Page 8
**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_|
|---|---|---|---|
|||||
Page 9
## **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).
Page 10
## **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).
Page 11
## **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_|
Page 12
**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_|
|---|---|---|
Page 13
**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_|
|||||
Page 14
## **SPRINGFIELD BOYS CLUB**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023**
|**2023**|_2022_|
|---|---|
|**£**|_£_|
THIS SCHEDULE IS NOT FOR PUBLICATION
Page 15