Springboard Opportunities Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds
2023
Unrestricted
funds
Total fijnds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
2.600
1.100.520
121,670
1,084
935.026
1,056.696
1.084
Total income
122,754
935,026
1,057,780
1,103,124
Expenditure
Expenditure on charitable activities
Total expenditure
100,001
984,541
1.084,542
1,157,757
100.001
984,541
1,084,542
1,157,757
Net expenditure
22.753
149.515)
126.762)
(54.6331
Transfers be￿een funds
34,595
134,595)
Net movement in funds
57.348
184.110)
126,762)
(54,8331
Re¢on¢iliation of funds
Total funds broughl forward
Total funds carried forward
600,254
198.030
798,284
852,917
657,602
113.920
771,522
798,284
The statement of financial activities includes all gains and losses recogni5ed in the year.
All income and expendrf(ure derive from continuing activities.
Tha notes on pages 21 to 32 fomi part of thgso financial ststemgnts.
18

Springboard Opportunities Limited
Company Limited by Guarantee
statement of Financial Position
31 March 2024
2024
2023
Fixed assets
Tangible fixed assets
14
3,498
3,698
Current assets
Debtors
Investments
Cash at bank and in hand
15
16
141,556
326,683
689,731
575.159
831,288
901.843
Creditors: amounts falllng due within one year
Net current assets
17
63.264
107,257
768,024
794,586
Total assets less current liabilities
771.522
798,284
Net assets
771,522
798.284
Funds of the Charity
Restricted funds
Unreslricled funds
113,920
657.602
198,030
600,254
Totsl charity funds
20
771,522
798,284
These financial statements have been prepared in accordan￿ with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 16
October 2024, and are signed on behalf of the board by..
J Redpath
Trustee
The not95 on pages 21 to 32 forni part of thpse financial $tstsments.
19

Springboard Opportunities Limited
Company Limited by Guarantee
statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flow￿ from operating activities
Net expenditure
{26.7621
(54,6331
Adjustments for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued income
2,238
2,630
11.0841
141
2.242
1,424
162,011) 1117.9411
Changes in..
Trade and other debtors
Trade and other c￿dItorS
185.127
18,018
117,768
267,944
20.429
Cash generated from operations
119.849
Interest paid
Interest received
{2,2421
1,084
11,4241
Net cash from operating activities
116,610
118.429
Cash flows from investing activities
Purchase of langible assets
PrO￿edS from sale oftangible assets
Nel cash used in investing activities
{2.9571
919
14.3751
(2,0381
14.3751
Net increase In cash and Cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
114,572
575,159
114.054
461,105
689,731
575,159
The notes on pages 21 to 32 form part of these financial statements.
20

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered offi
is Lourene House. 112 - 114 Donegall St, Belfast, BT12GX.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Report"ng Standard applicable in the UK and the Republic of Irèland,. the Statement of
Recommended Practice applicable to charities preparing their accounts in accordanc? with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparatlon
The financial statements have been prepared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the fvnctional currency of Ihe entity.
Going concern
There are no material uncertainties about the charitys ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements.esb'mates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Forelgn currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the
spot exchange rate as at the date of the transaction. Monetary a55ets and liabilities denominated
in foreign currencies are translated at the exchange rate ruling at the reporting date. with any
gains or losses being taken to the statement of ff nancial activities.
21

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Ststements icontlnued)
Year ended 31 March 2024
A¢¢ounting policies {eontinued)
Fund accounting
Unrestricted funds are available for use at the discretion of the Irustees to further any of the
charity's purposes.
Designated fund5 are unrestricted funds eamiarked by the trustees for particular fvture project or
commitment.
Restricted funds are subjected to restrictions on their expenditure dèclared by the donor or
through the temis of an appeal. and fall into one of I￿0 sub-classes.. restricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following speafic policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evidenTr of entitlement to the
gift. receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entidement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably. in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted seNice. This is classified as unrestricted funds unless there is a contractual
requirement for it lo be spent on a particular purpose and rètumed if unspent, in which case
it may be regarded as restricted.
22

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements Icontlnued)
Year ended 31 March 2024
Accounting policies (conlinuedj
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the ststement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising actiwties, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that fijrther its charitable aims for the benefit of its beneficiaries, including those
support cost5 and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resour￿. Direct costs
attributable to a single activity are allocated direcuy to that activity. Shared costs are apporb.oned
be￿een the activities they contribute lo on a reasonable. justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently staled at cost less any
accumulated depreciation and impairment losses Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gain5 and losse5. unless it reverses a charge for impaim)ent that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation. is recognised in other recognised gains and105ses,
except lo which it offsets any previous revaluab'on gain, in which case the loss is shown within
other recognised gains and105ses on the statement of financial actNities.
Depreciation
Depreciation is calculated so as to write off the cost or valuab.on of an as5&t. less its residual
value, over the useful economic life of that asset as follows..
Fixtures and fittings
Equipment
15Yo reducing balance
330/0 Straight line
Impainnent of fixed assets
A ￿VIeW for indicators of impaimient Is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
23

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements fcontinuedj
Year ended 31 March 2024
Accounting policies (continued)
lrnpainnent of fixed assets {coniinued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is rnade of the ￿cOVerable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is Ihe smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill. the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
a￿ assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related Servi￿ is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refvnd.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
Each of the members of the company has guaranteed to contribute to the assets of the company
in the event of the same being wound up to the extent of £1.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donatlons
Donations and in-kind
2.600
2,600
24

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2024
Charitsble activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Belfast City Council
European Social Fundl Dept for the Economy
Keltbray Group
Spirit of 2012 Trust- Our Lives, Our Legacy
Ulster Garden Villages Limited
The Executive Office - Fusion+
IFI PYDP - Directions
Other Income
Nl Housing Executive
NI CRC
IFI PYDP- Greater Shankill Partnership - Wa112Wall
Department of Health- M Spa
DLUHC- Youth Action
National Lottery Dormant Account
Department for the Economy.. Headstart
Belfast City Council - Bridges to Progression
Belfast Charitable Society
Catch 22 - TikTok
CFNI - Leadership in Action
IFI - Beyond25
59.900
59.900
85,177
80,713
85,177
80,713
2,803
4,890
33,887
36,288
2,803
4.890
33,887
36.288
222.178
222,178
24,980
421,297
13,723
24,980
421.297
13.723
60,000
60,000
1,972
8,888
1.972
8.888
121,670
935.026
1.056,696

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Charitable activities fcontinuedj
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Belfast City Council
European Soaal Fundl Dept for the Economy
Kellbray Group
Spirit of 2012 Trust- Our LNes, Our Legacy
Ulster Garden Villages Limited
The Executive offi￿ - Fusion+
IFI PYDP - Directions
Other Income
Nl Housing Executive
NI CRC
IFI PYDP - Greater Shankill Partnership - Wa112Wall
Department of Health - M Space
DLUHC- Youth Action
National Lottery Dormant Account
Department for the Economy.. Headstart
Belfast City Council - Bridges lo Progression
Belfast Charitable Society
Catch 22 - TikTok
CFNI - Leadership in Action
IFI - Beyond25
37.494
259.643
2,500
37,494
259,643
2,500
20.000
81.554
65,694
20.000
81,554
65,694
911
911
51,978
51.978
49,924
35.552
49,960
422,993
12.317
49,924
35,552
49,960
422,993
12.317
10.000
10.000
10.911
1.089.609
1.100.520
Investmont income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank Interest Re￿iVed
1,084
1,084
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support cosls
Total funds
2024
Total fvnd
2023
Promotion and provision of
opportunities
Governance costs
894.768
163,696
26,078
1,058,464
26,078
1,131,937
25,820
894,768
189,774
1,084,542
1.157,757
26

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements (eominuedj
Year ended 31 March 2024
Promotion and provision of opportunities
Analysis of
Support
Costs Total 2024 Total 2023
Staff costs
Premises
Communications and IT
General office
Governance costs
65.559
50,604
21,245
26,288
26,078
65,559
50,604
21,245
26,288
26.078
80.916
47,496
22.151
28.767
25.820
189,774
189,774
205.150
10. Net expenditure
Net expenditure is stated after chargingllcrediting)=
2024
2023
Depreciation of tangible fixed assets
Foreign exchange differences
2.238
397
2.630
6,839
11. AuditoryJ remuneration
2024
2023
Fees payable for the audit of the financial statements
6,720
6,396
12. Staff ¢osts
The total staff costs and employee benefit5 for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
608,241
50,053
12,163
696,386
63,520
14,413
670,457
774,319
The average head count of employees during the year was 2412023.. 26). The average number
of fvll-time equivalent employees during the year is analysed as follows..
2024
2023
No.
Stsff
24
26
No employee re￿iVed employee benefits of more than £80.000 during the year {2023'. Nill.
Key Management Personnel
27

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
12. Staff costs fcontlnuedj
Key management personnel include all persons that have authority and responsibility for
planning. directing and controlling the activities of the charity. The total compensation paid to key
management personnel for services provided to the charity was £98,362 (2023.'£104,388).
13. Trustee remuneration and expenses
The charity trustees were not paid or re￿iVed any other benefits from employment with the
Charity in the period 12023.. £Nill. They were not reimbursed travel & subsistence expenses
during the period 12023.. £Nill. No charity trustee received payment for professional or other
services supplies to the charity12023.' £Nill.
14. Tangible fixed assets
Fixtures and
fittings
Equipment
Total
Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
12,393
36.363
2,957
15.8991
48,756
2,957
{11,0701
40.643
(5,171)
7.222
33.421
Depreciation
At 1 April 2023
Charge for the year
Disposals
At 31 Mar¢h 2024
9,501
851
14.252}
6.100
35,557
1,387
{5,8991
31,045
45,058
2.238
(10,1511
37.145
Carrying amount
At 31 March 2024
1,122
2,376
3,498
At 31 March 2023
2,892
806
3.698
15. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
134.702
6.854
310.868
15.815
141.556
326.683
16. Investments
2024
2023
Other investments
28

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements f¢ontlnuedJ
Year ended 31 March 2024
17. Creditors: amounts falllng due wlthin one year
2024
2023
Trade creditors
Accruals and deferred income
19.116
44.148
12.539
94.718
63.264
107.257
18. Defer￿d income
2024
2023
At 1 April 2023
Amount ￿leaSed to income
Amount deferred in year
At 31 March 2024
25,414
{25,414}
36,855
2,500
(2,5001
25,414
36,855
25,414
19. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £12,16312023'. £14,413).
20. Analysis of charitable funds
Unrestricted funds
At
1 April 2023
At
Transfers 31 March 2024
Income Expenditure
General fund5
600.254
122,754
1100.0011
34,595
657.602
At
1 April 2022
At
Transfers 31 March 2023
Incom8 Expenditure
General funds
634,925
13,515
157,888}
9.702
600,254
29

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements (contthuedj
Year ended 31 March 2024
20. Analysis of charitable funds fcontinuedj
Restricted funds
At
31 March
2024
Al
1 April 2023 Income Expenditure Transfers
Fourteen (Spirit of 2012 Trust)
Jobworks
The Executive Office - Fusion +
Peace IV Euro
Derry & Strabane Council
NI CRC
Fusion+ North West
IFI - PYDP D1￿ctIonS
Headstart
Youth Start
IFI PYDP- Greater Shankill
Partnership - Wa112Wall
Department of Health- M Spa
Department of Foreign Affair5'.
Reconciliation Fund -Next Gen
National Lottery Dormant Fund
Belfast City Council - Bridges to
Progression
CFNI - Leadership in Action
Beyond 25
Spirit of 2012 Trust- Our Lives, Our
Legacy
59.900
159.9001
11.1641
143,6571
1.164
43.657
41.521
20,929 80,713
107,470 421,297
222,178
141,521)
{86,090)
15.552
(367,6971 159.9091 101.161
(243.2771
21.099
36,287
{39,0801
(61.044)
{2.7931
58.545
2.499
(1621
{11,0861
162
11.086
13,723
1.972
8.888
(14,1131
(1,9721
{8,8881
390
4.890
(4,8901
1984.541) 134.595) 113,920
198.030 935.026
30

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements {¢ontlnued)
Year ended 31 March 2024
20. Analysis of charitable funds {continued)
At
1 April 2022
31 March 202
Income Expenditure
Transfers
Fourteen (Spirit of 2012
Trust)
Jobworks
The Executive Office -
Fusion +
pea￿ IV Euro
Dery & Strabane
Council
NI CRC
Fusion+ North West
IFI - PYDP Directions
Headstart
Youth Start
IFI PYDP- Greater
Shankill Partnership -
Wa112Wall
Department of Health -
M Space
Department of Foreign
Affairs.. Reconciliation
Fund-Next Gen
National Lottery
Dormant Fund
Belfast City Council -
Bridges to Progression
CFNI - Leadership in
Action
Beyond 25
Spirit of 2012 Trust- Our
Lives. Our Legacy
319,637
{318,491)
(1,1461
40,548
(40,5481
6,396
(6,3961
(70)
70
51,978
41,006
65,694
422,993
35,552
(51.978)
(40.735)
188,909)
{403,9671
145,615)
1271)
44,144
88,444
11,026
20.929
107,470
(963)
49,924
49,924
141,303)
58,545
10,122
19.126)
1996)
14,402
49,960
(53,276)
11,086
12.317
112,317)
217.992
1,089.609 11,099,869)
(9,7021
198,030
Transfers have taken place in the relation in relation to managemenl fees. Transfers have also
tsken place in the year from unrestricted to restricted funds.
31

Springboard Opportunities Limited
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnuedJ
Year ended 31 March 2024
21. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
3.498
680.513
126.4091
657,602
3,498
831,288
(63,264)
771,522
150.775
(36,8551
113,920
Unrestricted
Funds
Reslricled Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
3,698
703,813
(107,257)
600.254
3,698
901,843
1107,257)
798,284
198,030
198.030
22. Taxation
The Company is a registered charity, and as such is entitled to tax exemptions on income and
profits in furtherance of the CharIt￿S primary objectives.
23. Ethical standards
In common with many other businesses of our size and nature we use our auditors to prepare
and submit returns to the tax authorities and assist with the preparation of the financial
statements.
24. Analysis of changes in net debt
At
Al 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
Current asset investments
575,159
114,572
689,731
575,160
114,572
689,732
25. Contingencies
A conlingent liability exists to repay grants received should certain conditions not be fulfilled by
the charity. In the opinion of the Trustees, the terms of the Letters of Offer have been. or will be.
complied with and no liability is expected.
26. Rolated partles
There were no related party Iransaclions in the 2023124 year.
32