springvale
FINANCIAL ANNUAL REPORT
TRUSTEES, REPORT 2023-2024

SPRINGVALE TRAINING
Directors
Brenda Turnbull
Denise Rooney
Seamus O'prey
Therese McKernan
Harry Connollv
Donal McKinney
Chairperson
Director
Director
Director
Director
Secretary
Audltors
Jones Peters
Registered Auditors
Chartered Accountants
6 Church Street
Banbridge
BT32 4AA
Bankers
First Trust Bank
High Street
Belfast
BTI 2AL
Solicitors
Edwards and Co
28 Hill Street
Belfast
BTI 2LA
261 Whiterock Road,
Belfast,
BT12 7FX
Re8lstered Offlce
Company Re8lstratlon No..
N1641494
Charity Re8lStration No:
105883
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The Springvale trustees present their annual directors, report together with the financial statements
of the charitable company for the year ending 31 March 2023 which are also prepared to meet the
requirements for a directors, report and accounts for Companies Act purposes.
The financial statements comply with current statutory requirements including the Charities Act
(Northern Ireland) 2008 amended by the Charities Att (Northern Ireland) 2013, The Charities
(Accounts and Reports) Regulations {Northern Irelandl 2015, Companles Act 2006, the Charity's
Memorandum and Articles of Associatlon, Accounting and Reporting by Charitles: Statement of
Recommended Practice applicable to charitles preparing their accounts in accordance wlth the
Financial Reportlng Standard appllcable in the UK and Republlc of Ireland IFRS 102}.
CHAIR'S ADDRESS
It is my privilege to present thls year's annual report, hi8hlighting the indispensable role our locally
based apprenticeship and vocational skills training centre plays In transforming Ilves and communities.
Our centre stands as a beacon of hope, offerin8 pathways to prosperity for individuals and a catalyst
for positive change withln our area. By providing acce55ible, high-quality training and apprenticeship5,
we are not merely equipping youn8 people with skills; we are empowerin8 them to break free from
inequality and build brighter futures.
At the heart of our mission is the eradication of inequality 3 nd isolation. By offering individuals the
opportunity to acquire in-demand skills, we create a direct route to employment and financial stability.
Our trainees Bain the conf idence and competence to secure sustainable livelihoods, enabling them to
lift themselves and their families out of Lryclical inequalities,
Moreover, our centre Is a cornerstone for promoting life chances. By providing a platform for personal
and professional development, we inspire individuals to reach their full potential. Our apprenticeships
and training programs foster a culture of ambition, resilience, and determination, equippin8 our
trainees with the tools they need to succeed in life.
Lookin8 ahead, we recognize the Imperative of developing skills aligned with the demands of a rapidly
evolving society. Our curriculum is meticulously designed to equip individua15 Wlth the knowledge and
abilities necessary to thrive in the modern workforce. By staying at the forefront of industry trends, we
ensure our trainees are well-prepared to contribute meanin8fully to our community's economic
growth.
Beyond individual empowerment, our centre serves as a catalyst for local community development. By
collaborating with local businesses and industries, we create a symbiotic relationship that benef its both
trainees and employers. Our apprentices contribute to the vitality of our region's economy while
gaining invaluable on-the-job experience. This mutually beneficial partnership fosters a thriving local
ecosystem.
Furthermore, our centre is 3 cornerstone of social capital. By providing a space for individuals from
diverse backgrounds to learn and grow together, we cultivate a sense of belonging and shared purpose.
Our trainees develop strong network5, fostering collaboration and cooperation within our community.
This strengthened social fabric is essential for addressing complex challenges and building a more
resilient society.
In conclusion, our locally based apprenticeship and vocational skills training centre is more than just an
educational institution,. it is a transformative force. By eradicating poverty, promoting life chances,

developing f uture-ready skills, supportin8 local community development, and f05tering social capital,
we are making a profound and lastin8 impact on the lives of countless individuals and the overall well-
being of our community.
l am immensely proud of the work our centre has accomplished this past year and am excited about
the opportunities that lie ahead. Together, we can create a brighter f uture for all.
Brenda Turnbull
Chair
PRINCIPAL AcriviTY
EstabSished in 1992, Springvale Training Ltd ISTLI has provided tralnlng and employment programmes,
and programmes with an emphasis on personal and social development, to youn8 people and 3du5ts
particularly throughout North and West Belfast for the past 25 years.
Objectives and activitle5:
Sprin8vale Trainin8 is established for the promotion for the public benefit of urban regeneratlon In
Greater Belfast area and f urther afield by Isome or all of) the followln8 means..
the relief of unemployment In such ways as may be thought flt Includln8 assistance to flnd.
employment.
the advancement of education trainln8 or retalnin8, particularly among unemployed people
and
provldlng unemployed people wlth work experlence,
the provision of f inancial assistance, technical assistance or buslness advice or consultancy in
order to provide trainin8 and employment opportunitles for unemployed people in cases of
f inancial or other charitable need through help..
in setting up their own business,,
1.3,1
1.3,2 to existing businesses,
PUBLIC BENEFIT
To provlde relief of unemployment in such ways as may be thought fit Including assistance to f ind
employment. The direct benefits which flow from this purpose include the reduction of unemployed
individuals in the Greater Belfast area and further afield.
These benefits are demonstrated through the achievement of employment outcomes independently
verified by external funding bodies, The purpose does not lead to harm. The beneficiaries of this
purpose are people living in the Greater Belfast are3 and further af ield who are seeking employment.
A private benef it to trustees may arise from our programme of ongoing training in good governance,
finance etc. Through this training trustees gain skills and experience which are transferable to other
settings. These benefits are incidental and necessary to ensure the benefit is provided to our
beneficiaries.
To provide advancement of education training or retraining particularly among unemployed people
and providing unemployed people with work experience. The direct benefits which flow from this
purpose include the reduction of unemployed and the provision of training to individuals in the
Greater Belfast area and further af ield. These benefits are demonstrated through the achievement of
employment outcomes independently verified by external funding bodies and feedback from
employers and service users. The purpose does not lead to harm.
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The beneficiarie5 of this purpose are people living in the Greater Belfast area and further afield who
are seeking to advance their educational training and work experience.
To provide financial assistance, technical assistance or business advice or consultancy in order to
provide training and employment opportunities for unemployed people in cases of financial or other
charitable need through help in setting up their own business or to existing businesse5. The direct
benefits which flow from this purpose include the reduction of unemployed and the provision of
training to individuals in the G reater Belfast area and f urther af ield. These benefits are demonstrated
throu8h the achievement of employment outcomes independently verif led by external funding bodies
and feedback from employer5 and service users. The purpose does not lead to harm.
The beneficiaries of this Puf pose are people living in the Greater Be5fast area and further af ield who
are seeking employment.
The Trustees pay due regard to guidance issued by the Charity Commission in deciding what activities
SPRINGVALE KEY PROGRAMMES
Skills for Llfe and Work 2021 ISFWI..
This Department for the Economy programme provides vocational training to school leavers at entrv
level, level one, and level two in the areas of,. plumblng, joinery, computer technology, digital media,
hair and barbering, beauty, caterin8, hospitality, and childcare. Trainees also achieve improved
educational outcomes with essential skills ICT, literacy, numeracy, employability skills and personal and
social development.
Apprenticeships Nl
A Department for the Economy funded programme for people of all ages across a wide range of
professional and technlcal area5. The eligible employees complete a qualif ication tailored to their job
role and receive accredited industry recognised qualifications at either level two or level three, along
with the opportunity to complete their essential skills In numeracy, literacy and Icr if not already
exempt, Sprin8vale has been delivering apprenticeships to the wider community for over a decade.
Vocational training provides our learners with a clear advantage from an early a8e as learning can be
undertaken on the job as well as In the classroom. This means that as well as getting broader academic
knowledge, students receive practical skills to support their workplace learnin8.
Communitles in TransStlon
CIT is a TEO IThe Executive Office) f unded pro8ramme working with young people across West Belfast.
It is part of the Tockling Poromilitarism Criminolity t7nd Orgonised Crime Progromme. There are two
sections to this pro8ramme,' the employabillty element programme workin8 Wlth 16-24-year.olds to
develop ski115 and qualifications to progress them into employment. The work ready element works
with young people across West Belfast aged 16 and under who complete a three-week employability
programme then enter a six-month paid placement to develop their skills and gain workplace
experience,
The CIT programme works across West Belfast working with young people at threat of anti-social,
criminal, or paramilitary activity. The f irst strand of the programme, Work Ready, works with young
people aged 16 and under, delivering a three-day employability programme before placing the
participants into a six-month paid Saturday job. Work Ready works with 95 young people per yea r and
is delivered in the community Wlth youth clubs across the West.

The second strand of CIT is 'Employability Elements,, this strand works with 70 young people aged 16-
24 years old. providing a ten-week employability programme involving employability training and
industry specific trainins. This element is delivered both in-house at Springvale and in community
settings across the West.
UK Shared Prosperity Fund
Our UKSPF programme, Youthstart, is a twenty-week course tar8etin8 economically Snactive NEET
voun8 people from Belfast's twelve most disadvantaged wards. Youthstart will work with SOO young
people f rom 2023-25. The programme is delivered through four distlnct delivery phases to develop the
participants, skills and prepare them for work. Phase one focuses on personal development and the
reduction of personal barriers to em ployment. Phase two develops the educatSonal attalnment and skill
development of young people who will complete qualificatlons in IT, numeracy, employabillty and
healthy Ilfestyles. Durl ng phase three, partlcipants undertake an employment academy in their chosen
field whlch will include industry specif Ic trainin8. Finally, in phase four, participants complete a four-
week work placement with a local employer.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng Document
Springvale is a company Ilmited by 8uarantee re815tered in Northern Ireland. The company Is 8overned
by a Memorandum and Articles of Assoclation. The company's objectlves are charitable Sn nature, and
it has est3bllshed charitable status.
The charity's activitles are mana8ed by the trustees though the Board of Trustees/Dlrectors. The sole
member of the company is Upper Sprln8field Development Trust Limited, and Sprin8vale Training
Llmited Is therefore a charltable subsidiary of USDT,
Trustee5' Appolntment and Tralnlng
The trustees recruit and select new trustees as set out in the 8overnin8 document. The Board recruit
new trustees with regards to skllls, gaps and the potential of the new members to make a real
contribution to the charity's overall governance.
We predlcate trustees, appolntments on our organisational values and make new members aware of
their legal responsibilities under charity and company law. Members, induction pack outlines our
Articles of Assoclation, Board structure, organisational structure, decision making processes and our
overview of finances. Our formal induction provides new board members with the information and
trainlng they need to start their appointment as effectively as possible.
FINANCE. PAY AND REMUNERATION
Springvale Training Limited operates robust financial procedures in place which the Board regularly
review and independently assess. We have clear financial management systems to ensure effective and
appropriate use of spend,. administering resources cost-effectively, transparently and accountably with
clear audit trails.
All Board members give their time freely and no trustee received any remuneration during the year.
The Board base the senior staff team's pay on the NJC salary scales as a guide to appropriate
remuneration for all staff pay. Pay levels are currently subject to annual increments or cost of living
expenses.

ORGANISATIONAL STRUCTURE
The Board administers the charity and normally meets 11 times in the year. As part of its structure the
Board operates three sub committees.. f inance, audit and risk. human resources, and remuneration.
The Board appoint a chief executive to manage the charity's day to day operations. To ensure effective
dally management the chief executive has delegated authority through the Board's approval for
operational matters including f inance, employment and direct charitable activities.

RISK MANAGEMENT
Our approach to the management of risk is informed by the need to ensure that the risks inherent in
the pursuit of our objectives are understood, will be manageable if realised, and that appropriate
mitigation measures are planned or in place. Responsibility for the management of specific risks is
carried by named individuals a nd groups, but the highest-level risks, those that have a direct bearing
on the Sprin8vale Trainin8 Limited's capacity to achieve its strate8ic objectives, are managed by the
senior management team. The Springvale Trainin8 Limited's f inance and audit risk committee plays an
active role in risk monitoring and have a risk management Strategy that comprises..
An annual revlew of the prlncipal risk and uncertainties that the charity takes,,
The establishment of policies, systems and procedures to anticipate risks in the a nnual
review; and
The implementation of procedures designed to mSnimise or manage any potential impact
on the charity should those Issues materialise,
Reputational Risks.. The Trustees are conscious of the importance of its reputation as a well-run
organisation delivering public benefit and have undertaken steps to ensure Springvale Training Limited
governance and mana8ement structures are robust and Bive conf idence to all stakeholders and operate
in line with our values.
Covld-19: Covld 's Impact continued to dictate organlsational performance in thls flnancial year. Whlle
the response from statutory funders and public donors, together with the flexibility shown by our
employees, has allowed Sprin8vale Trainin8 Limited to mitigate the risks to a si8nificant degree, the
Trustees continue to monitor developments caref ully. The medium-term risk remains for a potential
economic downturn and the related possibillty of a reduced level of funding for current pro8rammes
and pressure on the ability of tenants to make rent payments.
Flnanclal Rlsks.. The or8anisatlon exposes itself to a variety of flnanclal risks. Measures to mitl8ate thls
risk Include stron8 budgetary management and cost control and proactive negotiations with tenants
and key stakeholders.
Health and Safety Risks: The Trustees recognise the importance of safety in all of our servlces.
Springvale Trainin8 Limited implements robust systems and structures to ensure all health and safety
re8ulations are complled with.
Legal and Regulatory Rlsks.. The charity is required to comply wlth a wider range of legal and regulatory
obli8ations. Policies and procedures are in place to ensure compliance with these obligations, however,
there inevitably remains a residual risk of an operational failure resulting in a breach of these
obligations.
Insurable Risks,. The organ isation incurs exposure to employer, public and property damage liability by
virtue of the nature of its operations. While a strong emphasis is placed on health and safety and risk
management practices to avoid lia bility arisin& insurance cover is maintained to mitigate the financlal
impact from such events.
FINANCIAL REVIEW AND RESULTS FOR THE YEAR
Financial Review
Incoming resources has increased from £XXXX in the year ended 31 March 2023 to £XXXXX in the year
ended 31 March 2023. Resources expended on charitable activities has decreased from EXXXX to £XXXX
in the year ended 31 March 2023. As a result, net incoming resources amounted to £XXXXX for the year
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ended 31 March 2023 as against a deficit of £XXXXX in 2022. The results for the year 3re set out in
Statement of Financial Activities on page 15 and in the related notes.
The company has net assets of £XXXXXX on 31 March 202312021.. £XXXXXI as detailed on the Statement
of Financial Position on page 16.
Reserves Policy and Going Concern
On 31 March 2023 free reserves amounted to XXXX of which around XXXX has been designated, to
cover costs including proposed expenditure on upcoming programmes, redundancy payments and
capital refurbishment. On an ongoing basis the trustees believe there are suff icient reserves to meet
the normal working capital requirements of the company and to cover shortfalls in core funding for a
period of at least six months. The trustees have considered management accounts for the 6 months
ended 30 September 2021, future financial projections and future funding requirements and have a
reasonable expectation that the charity ha5 adequate resources to continue in operational existence
for the nea r future and for this reason they continue to adopt the going concern bases in preparing the
f inancial statements. Further details re8arding the adoption of the going concern basis can be found in
the accountin8 policies.
the period.
Plans for the future.
The following are Springvale's immediate plans:
Implement new Sprin8vale strategic plan 2023 to 2026
Submit new tenderers for programme development
Submit tender for the new AppsNI programme,
Secure ownership of the building,.
Trustees, Responslbility Statement
The trustees, who are also directors for the purposes of company law, are responsible for preparin8 the
trustees, report and the f inancial statements In accordance wlth applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair vlew of the state of affai rs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period,
In preparing these f inancial statements, the trustees are required to:
select sultable accounting policies and then apply them consistently,.
observe the methods and principles in the applicable Charities SORP,.
make jud8ements and accounting estimates that are reasonable and prudent,.
prepare the f inancial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping adequate 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
Companies Act 2(K16. They are also responsible for safeguarding the asset5 or the charity and hence for
taking reasonable step5 for the prevention and detection of fraud and other irregularities.

AUDITOR
Each of the persons who is a trustee at the date of approval of this report confirms that:
as far as they are aware, there Is no relevant audit informatlon of which the charity's auditor
is unaware; and
they have taken all steps that they oughtto have taken as a trustee to make themselves aware
of any relevant audit information and to establish that the charity's auditor is aware of that
information.
The auditor is deemed to have been reappointed in accordance with Section 487 of the Companies Act
2006.
Small Company Provision
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies, exemption.
Thls report wa5 approved by the board on XXXXX and signed on its behalf by:
Brenda Turnbull . Cholr
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