Springboard Opportunities Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted ftjnds Total funds Total funds 2024 Unrestricted fijnds Income and endowments Donations and legacies Charitable aCtltIeS Investment income 941 6.cl 1,438 3.284.760 3.292.761 1.438 1.056,696 1,084 Total income 10.380 3.284.760 3,295,140 1,057,780 Expendlture Expendilufe on charitabk actsvilies Total expenditure 50.895 2,959.821 3,010.716 1,D84,S42 1,084.542 50.895 2.959.821 3.010.716 Net incomel{expenditurel (40.5151 324,939 284,424 126.762) Transfers beeen funds 322.883 (322,8631 Net movement In funds 282.368 2.056 284,424 126,762) Reconciliation of funds Total funds brought forward Total funds carried forward 657,602 113.920 771.522 798.284 939.970 115.976 1.055.946 771,522 The statement of financial activikn'es includes all gains and losses recrynised in the year. All income and expenditure derwe frorn contsnuing activities. The notes on pages 23 to 34 form part of these financial ststements. 20
Springboard Opportunities Limited Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Fixed assets Tangible fixed assets 15 12.198 3.498 Current assets Debtors Investments Cash at bank and in hand 16 17 1,400.192 141,556 759,338 2.159.530 689,731 831.288 Creditors: amounts falling due within one year Net current assets 18 1,115.782 1.043,748 63,264 768.024 Total asset5 les5 current liabilities 1.055,946 771.522 Net assets 1.055,946 771.522 Funds of the charity Restricted funds Unrestricted fvnds 115,976 939.970 1.055,946 113.920 657.602 771.522 Total ¢harily funds 21 These financial statements have been prepared in accordan with the provisions applicable lo companies subject to the small companies, regime. These financial statements were approved by the board of trustees and autriSed for issue on 14 October 2025. and are signed on behalf of Ihe l>Jard by." J Redpath Trustee The notes on page$ 23 to 34 fomi part of these financial statements. 21
Springboard Opportunities Limited Company Limited by Guarantee ststement of Cash Flows Year ended 31 March 2025 2D25 2024 Cash flows from opèratrn9 activitios Net incomellexpendilurel 284,424 126,7621 Adjustments for.. Depreciation of lan9ible fixed assets Oiher interest receivable and Similar income Inleiesl payable and similar charges Accrued expensesllincome) 3,498 11,4381 3,596 5.713 2,238 (1.0841 2,242 162,0111 Changes in." Trade and other debtors Trade and other ¢reditors (1.258.636) 1.046,805 185,127 18,018 117.768 Cash generated from operalirms 83,962 Interest paid Interest received {3.5961 1.438 (2.2421 1.084 Net cash from operab.ng aclrmties 81,804 116,610 Cash flows fTOrn invÈstlng activities Purchase of tangible assets Proceeds from sale of tangible assets Proceeds from sale of other investrnenls Net cash used in investing acts"vities (12,1981 12,9571 919 {12,197} 12,0381 Net IncaSe in Cash and cash equivalents Cash and cash equivalents at beginning ol year Cash and cash equivalents at end of year 69.607 689.731 114.572 575.159 759.338 689.731 The notes on pages 23 to 34 form part ofthes• financial Ststemeftts. 22
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial Statsments Year ended 31 March 2025 General inforniation The charity is a publrc benefit entity and a private company limited by guarantee. registered in Northcrn Ireland ¢nd a gIstered Gharity in Northern Ireland. The address of the registered office is Lourene House. 112 - 114 Donegall Sl. Belfasl. BT12GX. Statement ot compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Siandaid applicable in the UK and the Republic of Ireland., the Slalement of Recomrnended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard appliCate in the UK and Republi¢ of Ireland {FRS 1021 (Charities SORP (FRS 10211 and Ihe Companies Act 2006. Accounting policies 8asis of preparation The financial statements have been prepared on the historical cost basi5, as modified by tt revaluation of certain financial assets and liabilib.es and investment properties measured al fair value through in¢ome or expenditure. The financial statements are prepared in steding. which is the functional currenGy of the entity- Going concern There are no mateiial Uncertaint about the charity's ability to LtinUe. Judgements and key sour¢es of estimation uncertainty The preparation of the ffnancial statements requires management to make judgements.estimates and assumptions that affect the amounts reported. These esb"mates and juclgements are continually reviewed and are based on exrienCe and other faclors, including expectations of future events that are believed to LE iea50naL4e utNJer Ihp EirGutnstances. Foreign currencies Foreign currency transactions are Initi"ty recorded in the functional currency, by apptying the spot exchange rate as at the date of the Iransacbon. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting dale, wilh any gains or losses being taken lo the ststement of financial activrb'es. 23
Springboard Opportunities Limited Company Limited by Guardntee Notes to the Financial Statements (continuedj Year ended 31 March 2025 Accounting policies (¢gntinu•dJ Fund accounting Unreslri¢ted funds a available for use at the diSction of the trustees to further ary of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular fvture project or commitment. Restricted ftjnds are subjected to iestrictions on iheir expenditure declared by the donor or through the tefms of an appeal. and fall into one of two subclasses.. restricted income funds Of ertdowment fvnds. Incoming resource$ All in¢oming re¥ourGes are included in the statement of financial aGtivttie5 when entiuement has passed to the ¢harity.- it IS Probable that the econo)mic benefits associated with the transaction will flow to the charity and the amoltnt can be reliably measured. The following specific policies are applied lo parlicular categories of in¢ome-. income from donations or grants is reery3nised when the 15 evrdence of entitlement to the gift, rcceipt is probable and its amount can be maasured reliably. legacy income is recognised when receipt Is probable and éntidement is established. income from donated goods is measured al the fair value of the goods unless this IS irnpraclical to measure reliabty. in whth case the value is derived from the cost to the donor or the estimated resale value. Donated faulities and *Nices are reccgnised in the accounts when received rf the Wdlue can be reliabty measured. No amounts are included for the contribution (rf general volunteers. income from contracts for the suppty of services is recognised with the delivery of Ihe contracted service. This is classified as unrestricted fvnds unless there is a contractual requiiement for it to be spenl on a particular purpose and returned if unspenL in which case it may be regarded as restricted.
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial SL1tements (confinued) Year ended 31 March 2025 Accounting pollcies (eontinued) Resources expended Expenditure is recognised on an accnjals basis as a liability is incurred. Expenditure includes any VAT which Cannot be bJlly recovered. and is ¢la55ified under heading5 of the statement of financial activities lo which il relates". expenditure on raising funds includes the costs of all fundraising acts'vitie5. events. non-charitable trading aclivibes, and the Sa of donated go¢d5. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs ielating lo the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that ts neither felated to raising funds lor the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure ¢ategofies feilecting the use of the resource. Direct Costs attrlbutable io a single acovlty are allocaled direcuy to that activity. Shareil costs are apFxJrtioned betsveen the activities they contribute lo on a reasonable. justifiable and consislenl basis. Tangible a559ts Tangible assets are initially recorded at cost, and subsequentty staled at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at Ihe fair value at the date of revaluats.on less any subsequent ae¢umulated depreciation and subsequent accumulated impaimient losses. An increase in the ¢arrying aft)unt of an asset as a sUIt of a revaluation, is recognised in other recognised gains and losses. unless il reverses a charge for impaiment that has previousty been recognised as expenditure within the slalemenl of financial activities_ A decrease in ihe carrying amount of an asset as a result of revaluatson. 15 ognISed in other recognised gains and losses, except to which il offse15 any pviouS revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depre¢iation Depreciation is ¢al¢ulated so as to write off the Cost Of valuation of an asset. less ils residual value. over the useful econornic life of that asset as follow5. Fixtures and fittings Equipment 15% reducing balance 33% straight line Impalmiant of fixod ass•ts A review for indicators of impairment is carried out al each reporting dale. with the recoverable amount bein9 estimated where such indicators exist. ere the carrying value exceeds the recoverable amount. the asset 15 impaired accordingly. Prior Impairments are also reviewed for possible reversal at each rewrb.ng date. 25
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial Statsments (Coftknuedj Year ended 31 March 2025 Accounting policies (conLinuedJ Impairment of fixed assets Iconlinued) For the purposes of impairment lesting. when il is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unil lo which the asset belongs. The cash-genefating unit is the stnallest identifiable group of asse15 th8t includes the asset and generates cash inflows that laryely independent of the cash inffows from other assets or groups of assets. For impairment lests'ng of goodwill. the goodwill acquired in a business combination is, from the acquisition date. allocated lo each of the eash-generating units ihat are expected lo benefit from the synergies of the combination. iirespeclive of whether other assets or liabilits.es of the charity are as5uned to those units. Defined ¢ontribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are reco9nised as an asset to the extent that the prepayment will lead lo a reductK)n in future payments or a cash refund. When contributtons are rK)t exF*cted to be setued wholty within 12 months of Ihe end of the reporting date in which the employees render the related sewviLY. ihe 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 contn.bute lo the assets of the company in the event of the same being wound up to the extent of £1. Oonations and legacies Unrestsled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations and in-kind 941 26
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial Statements fcontinu8d) Year ended 31 March 2025 Charitable activities Unreslricled Funds Restricted Total Funds Funds 2025 Spirit of 2012 Trust- Our LNes. Our Legacy The Executive Office- Fusion+ IFI PYDP- Dir8clions Other Income Special EU Programmes- Pea Plus Nl Housing Executive NI CRC IFI PYDP - Greater Shankill Partnership- Wa112Wall DLUHC- Youth Acbon National Lottery Oorrnanl Account Department the Economy. Headstart Bdfast City Council - Bridges to Progresston Peace Plus Power Up Catch 22- TikTok CFNI- M Space IFI Beyond25 66.335 105,871 66.335 105.871 3.000 2,184.929 3.000 2.184.929 34.023 69,578 287.586 34.023 69.578 287.586 481,315 2.817 7.350 481,315 2,817 7.350 5,001 39,109 5,847 5.001 39.109 5.847 8.001 3.284.760 3,292,761 Unrestricted Funds Restn"cted Total Funds Funds 2024 Spirit of 2012 Trust- Our Lives. Our Legacy The Executsve Office- Fusn+ IFI PYDP - Directions Other Income Special EU Programmes- Peace Plus Nl Housing Executive NI CRC IFI PYDP - Greater Shankill Partnership- Wa112Wall DLUHC - Youth ActK)n National Lottery 0mant Account Department for the Economy". Headstart Belfast City Council - Bridges lo Progression Peace Plus Power Up CalGh 22 - TikTok CFNI- M Space IFI - BeyorK125 59.900 85.177 80,713 59.90D 85,1TT 80,713 2,803 2.803 4.890 4.890 33,887 36.288 222.178 24.980 421.297 13,723 33.887 36,288 222.178 24.960 421.297 13,723 60.000 60,000 1,972 8,888 1,972 8.888 121.670 935.026 1,OS6.696
Springboard Opportunities Limited Company Limitsd by Guarantee Notes to the Financial Statements (continue<l) Year ended 31 March 2025 Investment income Unrestricted Total Funds Unrestricted TO FLJnds Funds 2025 Funds 2024 Bank Interest Received 1.438 1,438 1.084 1.084 Expenditure on charitable activities by activity type Activrties undertaken directly Suppjrt costs Total funds 2025 Total fLtnd 2024 Promotion and provision of opportunitie5 Governance cu5ts 2.836.011 148.738 25.967 2,984,749 25,967 1,058.464 26,078 2.836,011 174.705 3.010,716 1.084,542 Promotion and provision Df opportunities Analysis of Support Costs Totsl 2025 Total 2024 Staff costs Premises Communications and IT General office Govemance costs 32,999 46,910 38.858 29,971 25.967 32.999 46.910 38.858 29,971 25.967 65,559 50,604 21,245 26.288 26,078 189,774 174.705 174,705 10. Net incomel{expenditUTe) Net incomel{expenditure} is stated after chargin{credIbng}. 2025 2024 Depreciation of tangible fixed assets Foreign exchange differences 3.498 58,504 2.238 541 11. Auditors remuneration 2025 2024 Fees payable for the audil of the financial statements 11,764 6.720
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial Ststements (cgntinu¢dJ Year ended 31 March 2025 12. Staff costs The total staff costs and employee tsenefits fof the reporting peri¢)J are analy5ed as follows.. 2025 2024 Wages and salaiies Social secufity costs Employer ¢onliibukn"t5 to pension plan5 950,213 80.21x1 21.456 608.241 50.053 12,163 1,051.869 670.457 Tfve average head count of employees during the year was 41 12024.. 241. The average number of fvll-time equrvalent employees during the year is anatysed as follows.. 2025 No. 2024 No. 41 24 No employee e1Ved employee benefits of more than £60.QOO during the year12024.' Nill. Key Management Personnel Key managernenl personnel include all persons that have authority and sponsibility for planning, directing and controlling the aclivth.es of the charity. The lotal compensation paid to key management personnel for services provided to the charity was E100.203 {2024'.£98.3621. 13. Trustee remuneration and expenses The charity tnjslees were not paid or reGeived any other benefits from employment with the Charity in the period 12024.. £Nill. They were rKJI reimbursed travel & subsistence expense5 during the period 12024." £Nill. No charity trustee received payment for professKJnal or other services supplies lo the chanty (2024- £Nill_ 14. Operating lease cornmitments The total future minifflum lease payfftents under non<ancelJable operab.ng leases are as follows- 2025 30.000 2a24 30,000 Not later than 1 Year Later than 1 year and not later than 5 years Total 85,500 115.SOO 29
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2025 15. Tangible fixed assels Fixtures and filb'ngs Equipment Total Cost At 1 April 2024 Additsons Disposals At 31 March 2025 7,222 8,874 33,421 3,324 11,1241 35.621 40,643 t2,198 11.1241 51,717 16.0 Dapraciation Al 1 April 2024 Charge for the year At 31 March 2025 6,100 1.743 29.921 1.755 36.021 3.498 7.843 31,676 39.519 Carrying amount At 31 March 2025 8.253 3,945 3.500 12.198 At 31 March 2024 1.122 4.622 16. D•btors 2025 2D24 Trade debtors Prepayments and accrued income 1.393.387 6.805 134,702 6,654 1.400,192 141,556 "Of this trade debtor balance £1.2million of this relates to SEUP8, to which £551k of this relates lo partner payments included within trade creditors in note 18 17. Investments 2025 2024 Other inveslmenls 18. Creditors: amounts falling due within one year 2025 2024 Trade creditors Accruals and defe(red income Other creditors 579.176 535.201 1.405 19,116 44,148 1.115,782 63,264 30
Springboard Opportunities Limited Company Limitsd by Guarantee Notes to the Financial Statsments (continued) Year ended 31 March 2025 18. Creditors: amount5 falllng due within one year (conlinued) 'Wilhin the trade creditors batance is £551k of partner payments, as a re5uII of the Peace Plus Proje¢l 19. Deferred income 2025 2024 Al 1 April 2024 Amount released to income Amount deferred in year At 31 March 2025 36.855 (36.8551 522.195 25,414 125.4141 36,855 522.195 36,855 20. Pensions and other post retirement benefits Deflned contribution pl•ns The amount recognised in inrne or expenditure as an expense in relation to defined contribution plans was £21,456 (2024." £12,163}. 21. Analysis of charitable funds Unrestrlcted funds At 31 March 202 At 1 April 2024 Income Expendilure Transfers General funds 657.602 10.380 150,895) 322,883 939,970 At 31 March 202 At 1 April 2023 Income Expenditure Transfers General funds 6UO.254 122.754 1100,001) 3a.595 657.60? 31
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial Statements f¢ontinu•dJ Year ended 31 March 2025 21. Anatysis of charitable funds (conlinuedj Restricted funds At 31 March 202 Al 1 April 2024 Income Expenditure Transfers Fourteen (Spirit of 2012 Trust) Jobworks The Executive Office - Fusion + Peace IV Euro Peace Springboard NI CRC Fu5i0n+ North Wesl IFI - PYDP DirectK)ns Headstart Youth Start IFI PYDP - Greater Shankill Partnership - Wo112Wall CFNI- M Space Departrnenl of Forei9n Affairs.. Reconciliatn Fund-Next Gen National Lottery Dormant Fund Belfast City Council - Bridges to Progression CFNI - Leadership in Action Beyon¢J 25 Spirrt of 2012 Trust- Our LNes. Our Legacy 2,192,279 (1.158,895) {1,033,384} (874.286) 874.286 134.023) 163.160) 13.1751 1116,7431 11.1731 1314.852) {175,1251 1285.5141 12,0721 34.023 66,335 105,871 481,315 287,586 15.552 101.161 3,507 92,499 (2.7931 69.578 39,109 {84,5451 {19.139) 17.760 19,970 2.817 {2.817} 5.847 15.847) 113.920 3.284.760 {2.959.8211 (322,8831 115,976 Al 31 March 202 At 1 April 2023 Income Expenditure Tran3fers Fourteen ISpirf( of 2012 Trust) Jobworks The Executive Office - Fusion + Peace IV Euro Peace Springboard NI CRC Fusion+ North West IFI PYDP Directions 59.900 159.900) 11.164) 1.164 43.657 143,657) 41.521 80,713 (41.521) 186.090) 20.929 15.552 32
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial Statements (¢tyilinvedJ Year ended 31 March 2025 21. Analysis of charitable funds (coniinuedy Headstart Youth Start IFI PYDP - Greater Shankill Partnership - d112Wall CFNI - M Space Department of Foreign Affairs." Reconciliation Fund -Nexl Gen National Lottery Dormant Fund Belfast Ctty Council - Bridges lo Progression CFNI - Leadership in Action Beyond 25 Spirit of 2012 Trust- Our Live5. Our Legacy 107.470 421.297 222.178 1367.6971 1243.277) (59.9091 21.099 101,161 36.287 (39.080} 161,0441 12,7931 58.545 2,499 {162) 162 11.086 111.086) 13,723 114.1131 390 1.972 8.888 (1.9721 18,8881 4.890 14.8901 1984,5411 198.030 9,026 134.5951 113.920 Tranfers have taken place in the felalion in relation lo management fees. Transfers have also laken place in the year from unrestricted to resliicted funds. 22. Analysls of net assets between funds Unreslricled Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditor5 less than 1 year Net assets 12.198 12.198 1,042.649 1.116,881 2.159.530 1114.877} 11.000.905) {1.115,782) 939,970 115,976 1,055.946 Unrestricted Funds Restn"cled Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 3.498 680.513 {26.4091 657.602 3.498 831.288 163,264) 771.522 150,775 136.855) 113,920 23. Taxation The Company is a registered charity. and as such is entitled to tax exempts.ons on income and proffts in furtherance of the charity's primary objectrves. 33
Springboard Opportunities Limited Company Limited by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 March 2025 24. Ethlcal standards In common with many other businesses of our size and nature we use our auditors lo prepare and submit rcturns to the tax aulhoflties and a¥sisl with the preparalion Gf the financial stalemenls. 25. Analysis of Changes in net debt At Al 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand Current asset investments 689.731 69.607 759.338 689,732 69.606 759.338 26. Contlngències A contingent liability exists lo repay grants received should certain conditions not be fulfilled by the charity. In the opinion of the Trustee5. the terms of the Letters of Offer have been. or will be, omplied with ar no liability 15 expecte(J. 27. Related parties The Tiuste•s have ¢onsidered guidance in felabon lo lated party transactions and belicvc there are no transactions that require disclosure. 34