Springfield Boys' Club
Charity number 523511
Annual Report and Financial Statements
for the year ended 31 March 2024
Springfield Boys' Club
Annual Report and Financial Statements for the year ended 31 March 2024
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 to 11 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Springfield Boys' Club
Trustees' report for the year ended 31 March 2024
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Allan Griffin David Ward Jeanette Sunderland
Charity number
523511 Registered in England and Wales
Registered and principal address
Bankers
The Springfield Centre National Westminster Bank Idlethorp Way 1 Victoria Park Thorpe Edge Holbeck Bradford BD10 9JB Leeds LS11 5AN
Independent examiner
Rhys North ACA
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is governed by a Trust Deed dated 31 December 1965.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
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Springfield Boys' Club Trustees' report (continued) for the year ended 31 March 2024
Objectives and activities
The charity's objects
To help and educate boys and girls through their leisure-time activities so to develop their physical, mental and spiritual capacities and be better empowered to control their own lives and that their conditions of life may be improved.
To promote the interests of the residents in the local community through social and educational opportunities.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.
Achievements and performance
The charity has continued to provide a wide range of activities and experiences for young people in the local community. A major development was the negotiation of a contract with Bradford College for the day-time/termtime use of the Centre by Bradford College for the provision of Alternative Education for 14-16 year old students.
Financial review
The net expenditure for the year was £31,101, including net expenditure of £18,753 on unrestricted funds and net expenditure of £12,348 on restricted funds.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £258,927.
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. Based on 2023/2024 expenditure this equates to £64,500.
The trustees recognise that actual reserves significantly exceed their target level. As a result investment plans have been and are being developed concerning improvements to the centre, energy improvements and the development of improved transition services. Trustees have designated funds totalling £206,190 for these plans and these are summarised at Note 8 to the accounts.
Approved by the board of trustees on 28/01/2025
David Ward (Trustee)
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Springfield Boys' Club Independent examiner's report to the trustees of Springfield Boys' Club
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024, which are set out on pages 5 to 11.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material 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 Charities Act; 2 the accounts do not accord with those records; or
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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.
Rhys North ACA
29/01/2025
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Springfield Boys' Club Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2024
| Notes 2024 Unrestricted funds £ Income from: Grants and donations (2) 133 Centre rental income 46,844 Flat rental income 5,700 Bank interest 8,941 Other income 497 Total income 62,115 Expenditure on: Salaries NI and pensions (3) 31,915 Payroll charges 667 Sessional workers 1,670 Staff training 119 Youth activities 6,059 Telephone & Internet 1,049 IT costs 348 Other admin costs 251 561 Utilities 17,935 Insurance 3,998 Repairs, 10,142 Other premises costs 3,483 Rent and rates 952 Grant repayments - Independent examination 1,380 Other governance costs 339 Total expenditure 80,868 Net income / (expenditure) (18,753) Fund balances brought forward 277,680 Fund balances carried forward (4) 258,927 Subscriptions and licences |
2024 Restricted funds £ 35,820 - - - - 35,820 15,422 1,402 - 14,379 - - 1,765 - 1,200 - 4,000 10,000 - - 48,168 (12,348) 26,332 13,984 |
2024 Total funds £ 35,953 46,844 5,700 8,941 497 97,935 47,337 667 3,072 119 20,438 1,049 348 251 561 19,700 3,998 11,342 3,483 4,952 10,000 1,380 339 129,036 (31,101) 304,012 272,911 |
2023 Total funds £ 81,363 32,675 4,275 1,868 944 |
|---|---|---|---|
| 121,125 | |||
| 58,113 - 4,326 252 17,839 1,223 551 191 579 8,475 7,901 27,906 4,589 6,100 - 600 82 |
|||
| 138,727 | |||
| (17,602) 321,614 |
|||
| 304,012 |
All incoming resources and resources expended derive from continuing activities.
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Springfield Boys' Club Balance sheet
| Balance sheet Springfield Boys' Club |
|||
|---|---|---|---|
| as at 31 March 2024 2024 Unrestricted £ Current assets Debtors and prepayments (5) 5,327 Cash at bank and in hand (6) 276,413 Total current assets 281,740 Current liabilities: amounts falling due within one year Creditors and accruals (7) 22,813 Total current liabilities 22,813 Net current assets / (liabilities) 258,927 Net assets 258,927 Funds Unrestricted funds General unrestricted funds 52,737 Designated funds (8) 206,190 Unrestricted funds 258,927 Restricted funds - Total funds 258,927 |
2024 Restricted £ - 13,984 13,984 - - 13,984 13,984 - - - 13,984 13,984 |
2024 Total £ 5,327 290,397 295,724 22,813 22,813 272,911 272,911 52,737 206,190 258,927 13,984 272,911 |
2023 Total £ 14,910 290,302 |
| 305,212 | |||
| 1,200 | |||
| 1,200 | |||
| 304,012 | |||
| 304,012 | |||
| 41,490 236,190 |
|||
| 277,680 26,332 |
|||
| 304,012 |
The financial statements were approved by the board of trustees on 28/01/2025
David Ward (Trustee)
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Notes to the accounts for the year ended 31 March 2024
Springfield Boys' Club
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) 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) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
There has been no change to the accounting policies since last year.
A review of debtors at 31 March 2023 resulted in Other Debtors being reduced by £8,462. Additionally a review of restricted funds has resulted in these being reduced from £301,717 to £26,332 as at 31 March 2023. No other changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Springfield Boys' Club
Notes to the accounts continued for the year ended 31 March 2024
| 2 Grants and donations Bradford Metropolitan District Council (BMDC) JUMP Marstons The Ken & Lynne Morrison Charitable Trust National Lottery Community Fund (NLCF) Sovereign Healthcare Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2024 Unrestricted funds £ 112 - - - - - 21 133 |
2024 Restricted funds £ 31,510 310 2,000 2,000 - - - 35,820 |
2024 Total funds £ 31,622 310 2,000 2,000 - - 21 35,953 2024 £ 46,413 3,027 (3,027) 924 47,337 |
2023 Total funds £ 39,286 3,565 - 20,336 9,980 8,000 196 |
|---|---|---|---|---|
| 81,363 | ||||
| 2023 £ 56,902 3,672 (3,672) 1,211 |
||||
| 58,113 |
The average number of employees during the year was 3.3, being an average of 1.6 full time equivalent (2023: 4.4, 2.6 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme Costs of the scheme to the charity for the year 4 Restricted funds Balance b/f £ BMDC Comm - BDMC Coronation - BMDC HAF Activities - JUMP 3,330 Morrison Charitable Fund - Marstons - NLCF 10,000 Springfield Workshop - Springfield Kitchen 13,002 BMDC Community Building - 26,332 |
Incoming £ 1,200 200 22,445 310 2,000 2,000 - 1,900 - 5,765 35,820 |
Outgoing £ 1,200 200 20,945 310 2,000 2,000 10,000 1,900 3,848 5,765 48,168 |
2024 2023 £ £ 924 1,211 Transfers Balance c/f £ £ - - - - - 1,500 - 3,330 - - - - - - - - - 9,154 - - - 13,984 |
|---|---|---|---|
For fund descriptions see next page.
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Springfield Boys' Club Notes to the accounts continued for the year ended 31 March 2024
4 Restricted funds continued
Fund name BMDC Comm BDMC Coronation BMDC HAF Activities
JUMP Morrison Charitable Fund Marstons NLCF
Purpose of restriction
To support improvements to the centre hall. To contribute towards the costs of a Coronation party,
To fund holiday activities during the Easter, Summer and Christmas holidays.
To support activities for young people. To provide additional support to young people. To support the cost of a residential for young people. To contribute towards the cost of design plans for the centre's development. The expenditure is for the repayment of the unspent element of the grant.
Springfield Workshop Springfield Kitchen BMDC Community Building
To contribute towards the running of workshops for young people. To enable the refurbishment of the kitchen and to support its running costs. To support the running costs of the centre.
| Debtors and prepayments Debtors Prepayments Accrued income Other debtors Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Accruals Deferred income Deferred income Bradford College Item name Reason for deferral Bradford College Rental income received in advance |
2024 £ 475 4,024 715 113 5,327 2024 £ 290,197 200 290,397 2024 £ 1,980 20,833 22,813 Deferred to next year £ 20,833 20,833 |
2023 £ 3,999 - - 10,911 |
|---|---|---|
| 14,910 | ||
| 2023 £ 289,290 1,012 |
||
| 290,302 | ||
| 2023 £ 1,200 - |
||
| 1,200 | ||
| Released from last year £ - |
||
| - | ||
5 Debtors and prepayments
6 Cash at bank and in hand
7 Creditors and accruals
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Springfield Boys' Club
Notes to the accounts continued for the year ended 31 March 2024
| **8 ** | Designated funds | Balance b/f | Incoming | Outgoing | Transfers | Transfers | Balance c/f |
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |||
| Building Development Reserve | 50,000 | - | - | - | 50,000 | ||
| Carbon Reduction Fund | 25,000 | - | - | - | 25,000 | ||
| Transition Fund | 131,190 | - | 131,190 | ||||
| Winding Up Reserve | 30,000 | - | - | (30,000) | - | ||
| 236,190 | - | - | (30,000) | 206,190 | |||
| Fund name | Reason for | designation | |||||
| Building Development Reserve | To enable development on land adjacent to the centre. | ||||||
| Carbon Reduction Fund | To invest in | energy saving initiatives, | |||||
| Transition Fund | To support development for young people as they transition from | primary to | |||||
| secondary schools. |
9 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
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Springfield Boys' Club
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024
| 2024 2023 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 133 9,646 Centre rental income 46,844 32,675 Flat rental income 5,700 4,275 Bank interest 8,941 1,868 Other income 497 944 Total income 62,115 49,408 Expenditure Salaries NI and pensions 31,915 58,113 Payroll charges 667 - Sessional workers 1,670 1,457 Staff training 119 252 Youth activities 6,059 6,079 Telephone & Internet 1,049 1,223 IT costs 348 551 Other admin costs 251 191 Subscriptions and licences 561 579 Utilities 17,935 8,475 Insurance 3,998 7,901 Repairs, maintenance and cleaning 10,142 27,906 Other premises costs 3,483 4,589 Rent and rates 952 6,100 Grant repayments - - Independent examination 1,380 600 Other governance costs 339 82 Total expenditure 80,868 124,098 Net income / (expenditure) (18,753) (74,690) Fund balances brought forward 277,680 352,370 Fund balances carried forward 258,927 277,680 |
2024 Restricted funds £ 35,820 - - - - 35,820 15,422 - 1,402 - 14,379 - - - - 1,765 - 1,200 - 4,000 10,000 - - 48,168 (12,348) 26,332 13,984 |
2023 Restricted funds £ 71,717 - - - 71,717 - - 2,869 - 11,760 - - - - - - - - - - - - 14,629 57,088 (30,756) 26,332 |
2024 Total funds £ 35,953 46,844 5,700 8,941 497 97,935 47,337 667 3,072 119 20,438 1,049 348 251 561 19,700 3,998 11,342 3,483 4,952 10,000 1,380 339 129,036 (31,101) 304,012 272,911 |
2023 Total funds £ 81,363 32,675 4,275 1,868 944 |
|---|---|---|---|---|
| 121,125 | ||||
| 58,113 - 4,326 252 17,839 1,223 551 191 579 8,475 7,901 27,906 4,589 6,100 - 600 82 |
||||
| 138,727 | ||||
| (17,602) 321,614 |
||||
| 304,012 |
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