## 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**
1
## 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.
2
## 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)
3
## 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
- 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
4
## 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.
5
## 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)
6
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.
7
## 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.
8
## 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**
9
## 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.
10
## 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|
11