REGISTERED COMPANY NUMBER: N10155S6 (Nui'llierii Ii'el*nd) RECISTERED CHkRITY NUMBER: 102202 Tryste¢s' Roport and Flnanefxl St#teM¢iits roi. the Year Ended 31 Mgrch 2024 ror SPIiINGFIELD CHARITABLE ASSOCIATION m￿.Me &idy & C (Jmrtered Accouniants ststutory Auditors R&thmore House 52 St Patricks Avcnve Downpatri¢k Co. Do¥¥i) BT30 6DS SPIIINGI7IFLD CHARITAnLF. ASSOCIATION LIMITED Colltejits oftlie FlngJi¢lal Stateinents FOR THE ¥B￿R ENDED 31 MARCH 2024 Pi Trustees, Report Report of the llldependent Alldltoi's 6 to 9 Slatement of Actlvltles io Stateme*t ofNogn¢ial Posltlon Statement of Cg$b Flows 12 Notu to the Statement of Cash Flows ij riote8 to the Flnall¢lal Statements 14 to 22 SPRINCFIELD CHARITABLE ￿ocIATIoN LIMITED Trustees, Report FOR THE YKAR FI4DED 31 MARCH 2024 Tlie tswstees ivlio are also directors of the charity for El)e of the Compallies Art 20061 present their repoit the financial st&tem¢nts of tTie d￿rity for the year ended 31 Mardi 21ll4. The truslees liav¢ adopl¢d the provisions of A¢coutLtii)g ood Reporting by aiariti&%: Ststement of ReconuneTJded Pi'Dctice applicable to charities preparii)g tlieir 4¢coiints in acco1￿￿rtee with the Fitian¢ial ReportiAg Standatd applicable in I1￿ UK and Republie of Ircland (FRS 102) {effectivo l January 20191. Objectives niid Xlms The piincipal a¢tivity of ttie con]pany conliniied lo be the wvision of Supp￿*, ¢&Te And advice to help social inclusion 'Imarily in the #rea of WesÈ Belfast. The conjpamy achieved it's obj¢dives by providtng day carc support io elder]y eople• prjviditsg 8pecialT$t advice through il's advic¢ eentre 811d by the operation of its eharitsble sho Puhlic beiiefit Th¢ Tiustees of Swingfield a]8rittible Awciation h&ve fvlly ¢ompli¢d with tbe Public Benefit rquireEo¢llts as 8¢¢ out in the Charity Conunisston forNorthern IrelaTKls stattit￿Y guida￿ on public benefit. Springfield Chftzitable Association aims to imwjve the quality of life for those living in the district of Springfield by providing the followÉn& Advice ceuts'e - Second hLnd retsil outlets -Volunte¢r pmgranx - Day centre activities for olderpeople Social isol#tion can be found in peopl¢ of ail a84 regio1￿ eowthits and wieli&* Bqual aceeK to wvices is inyirtanÉ and Springfield Charitable Association Limited l)as an equal oppoithities poli¢y aAd di￿LSIty Staten)ent which ensuits that it hos & cu1h￿B of equal access lo lis services ￿gardI￿*s of disability, gen&r, religious beli¢f or sexu81 orientsd The tswtees believe equal access lo it8 serviecs 18 viwl to its success, aTMI that successfvl outeomes musi be sh￿ed by all onuuurLities tiwt 13sc its s¢Nicu. SPRINC.fiELD CHARITABLE ASSOCIATION LllKITED Trust¢esl Repoyt FOR THE YEAR KNDED 31 MARCH 2024 STRATEGIC RfpoRT chievement and pei'foiTri*llce Cliarltable actlvitles Ac1)ieveine￿ts in the year 202>24 have beett overshlldowed by weight of flscal cballenges of operating in at ivboi Ca￿ be described lls an Uttder-￿￿ded alld UT)SUPPOrted IiJ¢al government environmenL Despite this bockdyop. w¢ are again incTedibly woud to report the outstarLding effort and CO•owalion of the stsff aTMI volunlecr8 WI￿ keep on giving n￿re ill SUPPOrt of tbe deliv¢ry of seryiees io OUL elients in this elmllenging ertvironmenL P￿'t of our role as ttvslees 10 Share with you ihe thriving in]pacL Ihut the work of our staff, volunteers tynd ¢ommilt¢d rn1illQ8ei￿¢ll¢ *ain h&ve delivered in tile 12 n￿rtth5. None of whichwould be possiknle ivithout leadershipj V13ioll and the peryetual dedicatson of the SCA Board of Tr￿51¢¢$. Our work this year Jjas been guÈded by our Strategic Plan 12026) with delivery of strateg1¢ Actions developing a ¢vltvre of team togeth&ws artd a '¢an do. approAch to both challenges and opporlunities. lu t1￿ last 12 Enonths, ive ivclcoined new board nKmb¢rs Ann McCrn¢kett and rim Tate. Atm's background ts in Audit and AcEoualing with sigrlificant experience in 8ov¢rnaTKe aeross all secto￿. Jim's baCk￿l￿]nd is IM Care Pi'artice and Social Work with many yedrs of 4YpeLienc¢ iii the developn]ent of wellbein- prOgra￿lneS supporting vulnerabla people and tlieir families. Both n*inbets bring enhanced and d]ve￿e capacity to our team aiid ale olready adding value lo the organisatiott Witli th¢ir skill sets attd knowledg& During the 2023-24. Tom Kern8han retired froDi the Board and Briai) McGrniiLresisryed from Ihe Board to take up Ibe role of HonotaryPttsidenl of Ule charily. Tkn are Jnany $uccGsse5 of note in the 2023-24 yeor in¢l￿dIng fjjll target 8cbRevenMrt of Day Ccntre attendances, delivery of full capacity setvice in hydroih¢r8py and ¢*ablishment ot a new social ¢nterpii5e which l)a8 ¢nabled to n￿nelIz¢ die ¢xcdlent qu4iity breads Ihat are produced our ki¢¢ken. A major ¢iMbler in &¢hievem¢nt of targets. particularly in Social Eolerpr&se 8¢tivilies. has been til¢ to our Creseent Vilality comuiuntcation and markeung str8t¢gy. Inaking ac¢wible athl relevant in t￿e curruit operntiEVJ environttwit for Chariti￿ atid 80¢ial ente4)rises. Ovr ielalionships with par(lle￿ contim]ed ￿ grow with 1¢8&cy conlrn¢Lq ￿tained 8nd new social ¢nlerprise hydrotberapy al￿ kitchen contrads secured whicli positions w wilh less reliance on grant fimdin& This 18 aligmed with our strategic aims and it 18 impe131iY¢ to our surviv&i tknat w¢ can plaD aud provid¢ for other r¢Y¢nue strean)8 which are es5¢ntial to addTes8 a chtonic St￿l*fall in legaey contract fi￿dIng levels whi¢h ￿ntInue to operate in defi¢it. The fo¢us of our work to develop our S￿1&] Enleori8e and contirtuttlly pitch for sliort term project fi￿dIng continues to preseiit signifionl ehallenge for the organisatioii yince these are not legacy ski118 that eXi$Ewithin oui. 8ttve￿reS ¥¢sulting in ongoiJ]g dO￿ts as lo ¢)ur resour¢es atjdcapaeity. Fln#nelal review Financ191 posltlon The cheritys fii)aneial position 18 reviewed on a monility basis by th¢ botsrd. Th¢ charty has 2111)U41 alldtl peTformed by an ¢xternal &uditor. Th¢ charity income for th¢ 2024 yvar iyds £471,026 (2023 - £680,022> and th¢ ¢xpenditure was £591,7101202J - £524.405) Ivhich in turn results in a defieTt of£120.684 i)) the y¢ar. Net owts at the year end have de￿l￿d from £1,174,404 to t(rtal £1,053.T20 at th¢ year end. Prlnclpal fulldliig sourees The pi'incipal hmding sources for the chaiity are ¢urrentty by Ivay of graiit ￿￿tsMe ￿ set out in note 2 in the accounts lugeihEr with Shop ond othe¢ charitable aeiivity itteome 98 detalled ID note 3. Jllvt5tJnellt polity and objeetlves A clear objectivc is, wlien pOs¥i￿Le, to put 0￿rat111g smyluse5 inlo resenrs each yeor, howev¢r this hos proved dlffi¢uit in the pllsl few yeait. Elaving colisidered the optiot)s available. Ihe Tntsle&s have decided rliat aiiy I'esei'ves sl)o¥ld bc inv&sted tn seLure bank deposits. The Tn￿lee$ eonsider overnll return on deposit accounts to be disat￿OInt1llg. but are notwilling lo place valtsble resources into riskn¢r inveslinetsts. SPnJNGf*lELD CHARrrABLE Assoc[A￿ON IIMITEID Ti-ltsteesl Repoi't FOR THE YEAII ENDED 31 MARCH 2024 STRATEI GIC REPORT FiDÈiiclal revieiv Resei've5 polficy The trustees iecogoise tiiat it is nece¥s8ry to hold res¢rves in order io offsei tbe e(fects of flucfvlion on illcoining rewiices and Iliei'eby seellre Ilie ￿tttinlled viability of the CTharity beY￿d the immediate fvture. In keeping with good accountancy pra¢Lice, it is the aim of th¢ ch9rity to liold free reserve5 wbich equal¢ EO tlwec months operaiÈttg costs, In conjunction witli its r¢lated cknity. Swingfield Chrithble Developnknts tA4 the free reseThes excttd thr¢e months oper8tin8 ¢OSt& rtuture plAn5 The co1up￿lly intends to continu¢ its socior Ihe ycar CDded 31 March 2024 whith coinpTiS¢ Ihe Stalemellt of Finatt¢i81 AetivitLes, tli¢ Slatemeot of Financial Po.sition, tlie staten￿nI of Cash Flow5 and notes to tlie fin2nei21 state1￿￿ts, including a sutnlnaiy of signiticant accounting policie5. The financial Teporttng framewwk that bas beeii applied in their preparotion is appli¢able law and United Kingdom Accounting Startdatds {United KingdThn Generalfy Accepted Accounting Pra¢li¢e). In our Dpinioo the fllNucial 8taiemenls'. give a iru¢ and fttir view of the state of the charitable e0mpan￿S affaits &s at 31 March 2024 aiml of its incoiiiing resources and Lpplication of rcS0￿Ces, including its Incon￿ and ¢xpcndihw4 for the year then ended. huve been prope¥ly prepared in oc¢ord#nce with United Kingdom Generalty Accepted Accounting Practice, and lifivebeellprep8r¢d accordan¢¢ ivith the ff4uir¢meDts of compatil￿ Act 2006. Ba8is foi. oplnlon We Couth￿ted ow. audit in a¢cordanee with Ij￿10[191 Standards on AudTtiDg (UK) USAS (UK)) and applicable luiv. r Te$ponsibilities wjder those standards are ￿rther d&gcribd in the Alldito￿' reY￿sibIlItieS for the audit of the financi81 slateiD¢nls sectloll of our Teport. We are independenl oftbe chaTitsbl¢ eompatty iti accordance ivitli tlie etiiical requii'ements thai are relevant to our audii of il)e fi￿1￿¢[81 statements in the UK. including tht FRCS Ethical Standard, Ind we have fvlfJll¢d our other ethi¢ai responsibilities in aecordance witli r¢qUIrett￿llts. We bdicye tbat tlie audit evidence we have ob¢ain¢d is sllfficientand 4PPToprtate to provide a basis for our opinion. Concluslolls relattng to golng ¢oueern In ouditing the fi￿ar￿JaI st2￿Ments, w¢ have conchKled that the ¢lwit)Is use of th¢ going ¢Ol￿ern bosls of ic¢ounting in tkne prep2rdtion of the fluo￿12151atc￿￿￿rs is appiowiale. Based on I]￿ wth.k ive have Performe￿ we bave not identified aw rn&teri81 uncuthinties relating lu events or eonditions t1￿1, ittdividually or ¢ollectively> may cast significant doubt oll the charitys ability lo eontinue as a going concern for a period of at least hvelve nw)nlhs fromwhen the fiDanciol statements tre allthorised for issue. A8 described sn the notes to the aecounty the charity ia predicting its ineome in the foTth¢oitiing year will r¢maiTh $ignificalltly below ¢xpettditur& The ¢h2rity is fore¢Dstitig that Art the cou￿8 fin4ttcial year it will require fmgncial supporL Miti¢ipohMg this need it IKLq sough¢ fjnd received 8S3wwes from its related cknritable porty, Springfield c1￿¥1￿ble Developments IAtnited th4t wllett deficÈi fi￿dIng M requtird it will bc rnade available trj the dtsrity, Froin lli¢ as5Utancets r¢¢¢ivcd from Sprillgficld Charitabk D¢veloprnett￿ its relftted cliaritsbleparty. we h&v¢ coThcluded that tlie charitys use of the going cottcern basis of *eeoullting in tbe preparthtion of the fitsgncial staten)ents remains appiY)priate. Our opitjion is no¢ Inodifkd in re8pe¢t of this niatter, Our r4)onsibilities and the re5poDsibilities of the ¢htsrity with te5pec¢ to going ¢oncern are de8eribed in the relevont aections of this reporL Otliei, infovmattoll Tlie trn3tce$ ate responsibk for the odier lnfoymati￿). The other infomjation comprlses the infvrn]alion included In the Annual Rep￿t, oiher than ihe final￿14[ 8t8tements and Our Report of the Imdependettt Auditor5 Iheh'etsrj. Oui opinion ort ih¢ flmoiicial Slatelnents does Dot ¢over the other information l￿d, except ￿ th¢ ¢xteiit olheiwise explicitly Staled in our Leporl. iv¢ do llot express atty form of ￿￿￿[all¢t conclusion tiweon. In conn¢¢tion witl) our #udit of the fman¢ial statenxnts, 0￿r r¢spollsibility is to read tlie otheK inforn]gtlon and. in doirtg so, consider ivhether the Od￿r iAfornia(ion is nmierially ioconsislent with the fuianctal stat￿ne11￿ or our knowled8e ob￿L￿ed irt Audit or otherwise app¢317 lo be niaferially misqtated. If we idettiify sueb rnaterial inconsi81enci¢s or appOr￿l Inilterial nii53tatements, ￿ are required to de1rD￿tne wknett]¢r iiiis gives iise to a nYateri&l inisstaieinent in the fil￿1]£18] statements Ihein8elYes. If. based on the work ￿ have perfornjed, we c￿l¢lUde thot there ia ￿ Mat￿.[al mis8knie#i¢tti of this Otber infon￿￿tIOn, Ive are required kn ttport thai facL We have th)thitig to ryKSrt in thi$ r88ard. Repoi't of Ilie liidepeiideiit Audltors to the Tntslees A Trd Membus of Spi'ingficld ChArhAbl¢ Assodatio Lliiilted Opiiifions on other matter5 pi'e5uibed by thc Companles Act 21106 In our opinion, knsed on the wothundertakeii in the cour8¢ of the aiidit: tli¢ iEforn]alion given in the Trusiees, Report for the fiDancial year for wbicli the fman¢i81 stalements gre prepared is consist¢nl the financial sta(oments: and Ehe Truste& Report bas been VIe￿1rd in accordance with applicable legol requirery￿￿* Mattel's on iyklch ive Are rcqulred to report by exceptitsrt In tb¢ lisht of the knoivledgc and undetslanditig of the cbaritsble Company atld its ￿vir(m￿￿nl ob¢a￿ed in rlie ¢ourse oc the audit, w¢ Imve not idelltif￿d Dmterial Mis$tt￿ in ihe TnLStees' Rwit. We httv¢ rnthing to report in Rspect of the followingmattets where the Companiu Act2006 requir¢s us to rqjoit to you 1£ in oiir opinioa.. adequate a¢wuntI￿ll r¢tords Iwve Jy)t been kepl or rehm adequate for our audit not been re¢¢iv¢d fi￿M bLAnches Dol visiled by vs. or tlie fsnaDCtal stateTnents air not.in agreement with the aco)uRtingrecords ond reiunLS' or certain disclosures of trustee4' l'emunettttion ¥*cified by law are mol inade. or we have not rcceived all infomaiioll and eXpla￿a￿On$ we require for our audiL Responsibilltles of trurtees As explained rnore fijlly in the T[￿ttts, RespoTsiI)ilities Slatemen¢ ihe (Lwtees (who aTe the directors of lh¢ charitable company for the purpos￿ of eomparty law) aEe respoTh4ible th¢ preparation of thc financia] statetnenls and for being salisfied that Iheygive a try¢ and fair view, xlld for such illtemal ¢onlrol as the I￿ste¢S detemiine is neeess8ry to umble the prepaT8tion of finan¢ial statenxnE8 tbaE free fiDm Traterial misstatemen¢ whedi¢r to fraud or eThJr. In preparing the fi￿8￿cial statem¢nts, th¢ tNstees are re5ponsbi le for 8sse55ittg the ¢lwitsble compmls ability to cotitinue as 2 going Concer￿ disclosin& as applicabl< tsydtters r¢lated to going corteem and using the going ¢oncem basis of accounting UDle8s the truslees either iMteDd to liquidate the d￿ltable company or to cease operations, or l)8ve no re￿istiC alternaliv¢ but to do so. neporl of the Indepe￿dent AuditOY5 to the Trustees and Meinbers of Spi-Iiiglle]d Cliayltible A3soel&tlon Llmlted Our r£8ponslbllltles foi. the Audlt of tbe fiiiancl41514tewnts Onr objectiv¢8 are th obtain reasO￿able assuroTK¢ about whether ihe financial stat¢ments as a wliole are fi'ee from al¥rial ttiissta1e￿C￿1. W1￿¢￿e￿ due to fraud or error, al￿ to issue a Report of Independent Auditors tba¢ in¢lude3 0￿, opinion. Re&sonable usurance is a higli level of assurance. but 18 Ilot a guatanree that audit conducted in aCcorda￿e witl) ISAS {UK) will Blw&ys delcct a ni&l¢rial misstatement it exists. Misstatetnents carl arise fi'om fraud or •ror aDd al'e considered niaterial if, individuatly 01 in Ihe aggregate, they could reasonably b¢ expected to iufluence Ilie ecoiiomic decisions ofusers taken on the b￿5 of financial staten￿nts. The ￿tellt lo ivhich ourprocedurey are copable of deteeting irr¢gularities, in¢iuding fraud is detailed below: Ow. Appyoacli to identtfying and &wsittg the Tisks of material mi&8Utement in respect of irregulurilies, includtng fr#ud and noTh-COtrtpliance wftli laws and rtgulotioD& was as follows- ti)¢ engagement p¥rtneY ensuiEd that the engagement team collectively bad tbe appro￿18¢e competence, capabilitie5 and skills lo identify or reco￿]3¢ non4oEnpIian￿ ivitli applicable laws and IEgulalio oive identified the Iuws 81￿ regutations applicable to the charity thA)ugh discDs3ions witb Iriislees ond oiber nittnagemenl, And frotn COMM￿81 knowledg¢ and experience of the Computer eompthient n?anufaciwit)g and supply sector. we focused on Specif￿ re8ulati¢)ns which we considered may Iwvg * direct material eff¢ct ot) the finoneial statements or the opeE*tions of the ch8rity. including the Charilies Acl (Northern Ireland) 2008, taxatton leg58lation and dots pyotection. fjnti-bnTh¢ry, employment, environnlentsl and health and safety legislatio w¢ oss&%srd ikne extent of compli8nLe with the hws xnd re8ulati0Th8 identified abovc ¢brougii molung Q￿ul&leS ol rnanagcmenl and inspecting legal COLt¢SPGndence; and identif￿d laws Ond itgulations were comn2unicated within audii t•n reBularly 8nd the teain remained alert to iDStances of nowompliance throughout the audit. We a￿￿sSed the sttsceptibiiity of the ¢h8ritgs $tatenKJts to m•terial mi5$1atcmen( including obtaintug ax ulld¢r%tanding of howfraud might ottur, by.. Inakittg ellquiries of rnanagcmenl as to where they ¢0L8ide￿d th¢re sus¢¢p¢ibility to fiaud, tbeii. knowledg¢ of ac￿￿]. wspecled and alleged fraud. and ¢onsideiing IIK internal controls inplace to mitiyle tith of fraud non-e0nwli8￿L ivitb law8 and YegulatiotL8. To address the risk of fraud through managcEDent bias alld ov¢ryide of coAtrois, p¢rfomied analykneal pro¢edur¢81o identKfy anyunusuAI Or unexpected relationships; tested jowTal entrties to identify ￿T￿LsUal trznsaclio 8sessed whether judgey*nts and asyump¢iong nwde in detennining the aecounling estinmtes set out In tlie Mtes ivere indicative of pot¢niial bi#& and investigaled the ratiooale t￿]nd818￿1f1c8ftt orwiwu81 transa¢tiOn8. ltt respoD8e to the risk of Arre￿antIeS and non-c¢MnptiwKe with laws and regthktions, we duiglled procedures wl)ich in¢hided, but were not limiled to.. a8reeiDg fjnan¢ial siateDLent disclosllres lo undcrtying supporting thcumentstioll" readiiig the n)inut<8 of meetings of those ¢harged with governance" and tnqiiiiing of Dwnfigenxit 88 to actual •Thl potentiat litigation aNJ ¢181 Thcr¢ 8r¢ Ini￿reAt limilatioils in our audit pr￿ethJ[¢S desc¥ibed at*)v¢. The n￿re removed that laws and regulations ar¢ froin finJn¢ial trans&¢iions, Ihe less likely it is th&t ive would become 8war¢ of noTrcoinpliince. AudÈling standards also limit ihe &iidit pro¢edure8 reqoired ro id¢ntify iioTr¢omplianee wilh laws and Tegulauoiw to enquiry of the direcloi's and odier Mal￿geInent and tlie inspe¢lion of regiilatoryand legal ¢ottespond¢nc4 rfany. Material D]iSStateEnenl8 that aris¢ dll¢ to frawj con be barder to dck£t than those thot eri￿ froth uyor &8 they ittay itsYoLve deliberate eon¢ealment or ¢ollusio A furthe¥ description oeour rcsponsibil1ii￿ for th¢ audit of the finan¢ial statemuits Is located on the Financial Rewting Council's iv¢bsile ot www.frc.owuw8udifor3wnsibiliti¢s. This descriptiott fOn￿S parl of oiii. Report of the liidepeiidcnt Auditors. Repoi't of tlie Ihdepeiident Audltoi's to the Trustees Men)bers of Spi4ngfleld CharttAblo Asjoclatitsn Llinited Ulc of oui. repoi'l Tl)ts Itpoi't 13 made solely to the chArikn61e Compftn￿s m￿er& as a b(￿y, in accordow ividi Chaptei. 3 of Part 16 of tlie Coitspanies A¢i 2006. Our *udiL has beett undertsken 50 that i)Jiglit stale to Ili¢ cliaritsbl¢ conJpanl& meinb¢i's tlios¢ nmtters iv¢ are requii'ed to state to them in an audilor8' report and foi. no other pu￿O$c, To th¢ fjJlle5t exl¢nt permiEled by law, we do not 8c¢epl or assume tesponsibilily to anyone oib¢r thèn the ¢haritabl¢ ¢ompafiy and Ibe charitable con1l8rt￿S inembers as & body, forour al￿1t WOTk, for this r¢poiL or for t1￿ opinions ive liave foiThed. Mallehy ady( for ond o ifo£M.B. aiartered ountAttts Statutory Auditors R￿hEnOre Hou3e 52 S¢ P&tricks Avenue Downpattick Co. Down BTJO 6DS enior at￿t0 Grad Auditor) b¢1 SPRINGFIKLD CHAWTABLE A&SOCIATION LIMITED St￿teMent of fimaTrciAI Aetlvlties FOR THE YEAR ENDEI D 31 MARCH 2024 31rJn4 1.otxl nds 3113n3 TotAI fu31ds Unregtrlcted fund Restricted fllnds Not JNCONIE AND ENDOIVMENfs FROM Donation$ and legoeies 21&024 156,418 374,442 389,333 Charlt2ble aetlvltlv Charitable activities 96584 96￿84 90.689 OtILer itxonie 200,000 Tot41 314,608 ISA418 471,026 680,022 I XP]LNDrruRE ON RAisiD8 fiJi)ds 4JO,492 156.418 586910 520.405 Chai'itable activltles Charitsble aettvities 4,8Q 4,0(X) 435,292 156,418 591,710 524.403 NET INCOMEI(WFAYDITURE) 20,684) (120,684) 155,617 RECONCILIATION OF FUNDS Total fimds brought fotWUTd 1.174,404 I,J74,4Q4 1,018,787 TOTAL FUNDS CAIIIUED FORWARD 1,053,720 1.053,720 1,174,404 The noies fomi PArt of these fimncral staleme￿5 10 SPRtNGifiELD CHARITABLK ASSOCIATION LIMITED stxtement of FlnAnclttl Positlo 31 MARCH 2024 3113124 Tot&1 runds 3113n3 Tottsl funds Uni'eslricted Reslrlcled f￿nd fund Notts FIXED Assrrs Tangible assets l ?68￿53 1,368,S53 1.402,448 CURRENT ASSETS Stoeks Debtors Cash at 12 13 701 lJ,616 27,423 701 11,616 27,423 22,403 111,128 39,740 39,740 134,232 CRIIDITORS notllLts falling due withtn oll¢ year 14 (338,912) (338,912) (336,496) NET CURRILNT ASSETS (299,172) (299,172) (202,264) TOTAL ASSETS LFSS CURRENI LIABILTrtES 1,069A81 1,1)09,381 1,2NJ,184 CREDITORS Amounts falling due Alter]r￿C than otte year 15 (15,661) (15.661) (25.780) NET Assfi TS 1,053,7211 I,OS3,720 L,174,404 UNDS Unr&slrickd fvllds L7 1,053,720 1,174,404 TOTAL FUNDS I.OS3,720 I,L74,404 Tho financi￿ siatemetsts wer¢ approved by the Bowd ofTn]ste¢s autlwrised for issue on 4 October 2024 aTMI ivei'e signed on its beba]f by. V Davidson- Tn￿lee J Sweeney- Tn The notes foJTh part of thes¢ fjnatJciAI #atements SPRINGFIELD CHARITABLE ASSOCIATION LIMITE SIAleinent of C25h Floivs FOR THE YEAR ENDED 3] MARCH 2024 31rJn4 31r3n3 Notes Cash Iloivs frow opei'atlpg actlvltie5 Ca81] geneY8tedfrom OP¢T¥tions Inteiestpaid (74,1861 (1,449) {1,798) (1,693) Net casb used hi opetaling a¢ttviti¢3 (71635) (3.491) C&s71 floivs fi'omlnvesting 2Ctlvltles Pui'cliase of tangibLe fixed assets Sale of lang]l)le fixed ass¢ts (5,121) Net ea8h prnvldedbyl(used in) ittvestsn8 activities 1,800 (5,121) Cash Ilows fi'om financing ictlviti¢3 Capital repayEnents inycar (9￿70) (9,633) N¢t cash UEed r]naucing activities (9,870) {9,633) Cliange In casli aiid ¢#8h equiV￿¢￿t￿ in the reportlng pei'iod Casli Jnd ea8h equlv2l¢Ats At the beglnnlng Df the report1￿£ period (83,705) (18245) 111.128 129,373 CwsTh And e¥sh equlvalents at the elld of tlie l'epol￿n£ period 27h23 11,128 The tyjtes fonn pttrt of tiiese fI￿n¢￿al 8ial¢ments 12 SPIUNGFIELD CHARrrABLE ASSOCIATION Notts to tlit Stxleinettl of Cnsli Floivs FOR THE YEAR ENDED 31 MARCH 2024 nxcoNCILtATION OF NCT (CI XPENDITURE)fflqCOME TO NEf CASII FLOW FROM OPERATING AcrIvrrI]£s 31nn4 31r3113 Net (expenditllre)1sneoine rot tlie reporting perlod (as per th Statemeiit Fin8tteial Actlvities) Adjustments for: Depreciaiion chaiges Profit on disposal of fixed assets Intei'est paid Decr¢a9e in debtors Incirasel(decrease) ¢redittXS (120,684) 155,617 33,895 (1,800) 1,449 10,787 2,167 35.7J7 1,693 1,317 (L96,162) Net cgsh used In operations C74,186) (1,798) ANALYSIS OF CIIANGES IN NET FUNDS At 114123 C#8h floiy At 3113124 Trlel c3sh Casb at b8Thk 111,128 (83,705) 27,423 IllJ28 {83,705) 27,423 Debt Debts fatliAg withirt l y¢gr Debts falling due after l ycar (9.870) (2S780) (249) 10.119 (10,Jlg) (15,661) (35,650) 9,870 (25,780) Total 75,478 (73,835) 1,643 The noEes f01m￿rt of financial statements 13 .8PRINGFIELD CHARITABLE ASSOCIATION LIMITED Note5 to the Flngnc121 Slatel￿nts FOR THE YEAR ENDED 31 MARCH 2024 ACCOUlmT4G POLICIES Basls of preparlng the fi113nciaI stalemeTrts The finaTLcAal slal¢incnts of the charitable coillpany. ivltieh is 8 pllblic beneflt entity U}￿er FRS 102, bthve beeii epared iu aecordance wilh the Charities SORP IFRS 102) IAccounling and ReportiDg by aiatilies.. Statement of Rccomitw]ded Prnctic¢ applicable lo charities pr¢pari￿g their iccounts in ac¢ord9m¢e wiikn the Finfjucial Reporting StgAdttrd awjlieable the UK and Republic of lielaivj IFRS 102) (effective l Jmuary 2019),, Financial R¢porlin£ Slandard lir2 Tr FinAnciaL Reporting Standard 8pplic*ble in tbe UK and Republi¢ of Ireland, and the Companies Act 2006. The financial statements have been prepored under tIK historical cost convention. Ciit5eal ae¢ountlng Judgements and key soyrees of estimation uncertaÉuty Estin￿t¢S attd judgenietsts ar¢ ¢olltinualty ¢v8lualed attd are bosed ott Iiistort￿l txperieAKe attd otlier tacloLS, lttcluding expectations of fvtw'e ¢v¢nts that b¢lieved to b¢ rettsottable tlndcr tlie CiTCUTfKStaKces. The Cl)&ity makes eslim2ta8 alld aswmptions ¢oncerniogthe Ther￿ultI0g a¢countiog estinAt&8 and wllmptions will. by definiti014 Seldom ewal the rel4ted actval rwlts. No judgernenls (apart from tl¥Jse involving estllnates) have been illade iii the process of applying ¢he Above ficeoiinliiig policies. The key assumptions conceming Ihe fu￿re and key sourcts of estimation of unc¢rtainty at the reportittg date thot av¢ a $i￿lf1¢0￿L risk of Ca￿81ng a niaterial odjwlu￿t lo the wing of &ssets and iiabililie8 Within the next firon¢?al year iT]clyde: *￿tItnatIoTr of the u8efid econotDiC iifeof buildirtgs, and offi¢¢ equiprnenl IT equipmetr. Intome All ?ncotne i8 reeognised in the Stalell*nl of Fin2Dc1￿ Acliviti&S once th¢ dmrity has eDtiilement to the futtds, it is proimble thal the income will be Eeceived aTKI the anbjunt cattbe m¢a8ur¢d reliably. Expendltuye Liabilities are itcognised as expenditure as soon as Ilter¢ kq a legal or coTL8tru¢tiv¢ obkigation commitsing the charity lo th&t exp¢ndittThe, it is probable tINqt a tmkrfer of ecouomic benefits will be ￿qUired in settlement ond the &nount of the obligation can b¢ measured reliably. Expendibjre Is aeeounted for on anaccnwls basis and has been classified ￿￿er headings that aggregate all cost r¢Eated lo the categoiy. Where costs ¢aonot be directly ttsibuted to particular l*aditV tb¢y have beell allocated to activities ort a basis consisienl with tlie use of reswr¢ek Txn2ible fixed Assets Depltciation is provided at th¢ fouowtng at)nual L7tes in 0￿r to write off each asset over its estini4ted iL8eflil Short1¢88ehold Plaiit and nia¢hÉwy Fixtures ond fiiiings Motor vehicles Aonwst 25°A on reducing balallc¢ 250A ott reducing balance 25% on reducing balarKt Stool(s Stocks are valued at the lower of cost and net reo5>gable valuA nlier makin8 allowa1￿¢ for obsolete 8fyI slow moving items. Taxatlo The charity u¥ exempt from CO￿o￿lI0n tax its ¢haritabl¢ activities. 14 Coiitinued... SPRINGFIELD CIIARITABLf ASSOCIATION LIMITED Notes to the fiinallcial Statements- ¢oiiÉiiiued FOR THE YEAR LNDED 31 MARCH 2024 AccouI￿￿TNG POLICILS- coutlnued Fund 2ecounttng Uwestri¢led fimds cao be usvd in accordaltt with the ch8ritsble objeetives at the discretion of Ihe ts￿sle Restricted 5Jttds Gai) onlybe wed for E)articular Testricx¢d purp)ses within th¢ obJ￿ts of the cliarity. Rests'ietions arise when $pecified by the donoror when fvnds areYRiscd forporticul•r ￿trIcted PUISMW. urther explaDatiott of the nabJre and ￿rpOSe ofexh fi￿d is inclllded in tbe noks to ihe finanoial statements. Hlre pui'chfist Aiid legslng committhentj Renlals paid uttder opej?ting leases are ch8rged to the sta￿Ment of Financial Activiti&S 00 a straighl line basis ovei llie puiod of the Ic8s Pension Costs and other post-retlrefftent benefjts Th¢ chaiit#ble ￿rnpanY operates A defined contribution perkgion 8¢heme. Contributions payable to the d]tritabl¢ cornpaDy'S P¢t)sion s¢h¢m¢ are chorged to the Staiement of Financial Acttvitie5 in the petiod (o ￿1011 they relate, Golng ¢oueern Tlie cbarity is predicting its &ncoJnc in th¢ fortlKon)ing Ye￿ will remBill signifiuttly below cxpeudittwe. The chaTity is forecasting that in the comang filw￿l8[ year it will iequir¢ fmanciol suppoit. Anticipating tliis need it lias sought Irtd it¢eived assurances from its related ¢haritable pty. Spritt8fi¢ld Choritabl¢ D¢vclopm¢nts Limited that when deficit fijnding is rcquired it wrll b¢ made availablt to the d)arity. DONATIONS AND LEGACIES 31fJ124 31ts123 73,042 301,400 27,453 361,880 Donotions Grnnts 374,442 389,333 Grants recelved, iThcludd the above, are os follows: 3113r24 3113123 Belfagt City COW￿11 BHscr Advice NI ]3ig Lotlery Fund DFC social ¢nvironment & Jobstart BCC con)JDuNty building grHnt BRO Domjont accfjunts thnd BCC Hydroth¢rapy grnnt Couynvnity Foundation ￿llt Halifax grant Vei3us AL'it1￿1tls Sm311 grants income Developlng heallliycommunities 65.837 156,418 4,000 68,002 152.562 4.000 io,000 54,136 13000 37A36 32,759 33.680 6,500 5,0(Ki 5.000 10.000 990 3960 301,400 361.880 15 eoiitinued... SPRINGfilELD CHARITABLE ASSOCIATIOP4 LIMITED Notes to the f¢lnAncial Statements- eoiitlnued FOR THE YEAR ENDCD 31 MARCH 2024 LNCOME FROM CHARITABLE AcrivirI]LS 31tsn4 3V3n3 Actlvity Charitable aciivities Charitable activilies Cbafitable activitiLs Sliop incoii)e Oth¢¥ incort Day Centre incoitt 44,146 38,901 13,537 51,613 27,772 11.304 96￿84 ,689 OTHER INCOME 3113r24 3113123 Related party loan write down 200,000 CHARrrABLC ACTIvrrLFS cosrs Support ¢08ts {see note 6) ch￿itable ￿tly11] 4,8lJO SUPPORT COSTS Govei'2ignte co$ts Charithble adivities 4,800 NLT INCOMFJ(EXPENDITURE) Net iDcOmd{￿pdibjre) li ststed after CJw8in￿[Credl0ttg}. 3113r24 31fJ123 Auditors, reniwieratioo Depreciation- ovlned a55ets Staff training Genei81 expwjses disposal of fixed 4,800 33,895 4,000 35,737 4.650 5,592 1,567 ,800) 16 ¢ontinued... SPRINGfiIfi.LD CFIARITABLE A&socIATION Note$ to tlie FinAMetAI Stat¢ments- coiitinued IOR'fHEYEI AR END]4D 31 MARCH 2024 TRUSTCES¢ REMUNERATION AT4D BENEfiTS Tliere no InJste¢s' TeMu￿rat10n OT other b￿erits for the yejr ended 31 March 2024 nor for die year cnded 31 Marcb 2023. Within the year & twstee provitled professional 5ttvÉce5 to th¢ charity and rece1T￿l payn)ent ￿ th¢ an]ount of £2,500. The ttwtee stepped down from the bo¥rd dutingihis tim Trnstees Lxpeuses Ther¢ wer¢ao trostett, expcoses paid for the year ended 31 Mar¢h 2024 nor for the year ended 31 2023. STAFF COSTS 31rJ124 3113123 Wages and sa18ries Social secuiity costs Otherpension ¢osrs 360,802 22.807 14.658 305,412 18,434 11,089 398267 334.935 The AV￿.￿￿¢ mottlhly ofernploye￿ during the ye8rwas as follows: 3wJn4 3113n3 Admillistrdtion Caring & Advising Cli81'itabl¢ 13 13 17 17 No employees re¢eived crnoiwnents in excess of £60,{￿. COMPARATIVES FOR THE sfATEMENT OF FifqANCIAL AcfivITIES u￿rEstricted Restrieted fund funds io. nd$ ]Y4cof¥iEI AND ENDOWMENfs FROM Donations and legacies 236,f12 152,561 389.333 C114rltable acdvltles Chai'itable activities 90.689 90,689 200,0(KJ Other income 200.000 Total 527.461 152,561 680.022 EXPENDITURE ON Raising fjjnds 356,466 163.939 520,405 Charltable activlties Cknyitable Activities 1,000 4,000 17 eotttinue¢L.. SPRINGFIEIJ) CHARITABLE ASSOCIATION LTrIITED Note$ to the FlnAncial Statemertl8- Colltlnued FOR THE YI£AR ENDED 31 MARCH 2024 io. COMPARATIVES FOR TH£ STATEMENT OF NNANCIAL AcTThry￿ES- contlnued Unre5ti'lettd Restilcted fund funds 'rot#l funds 359.466 164939 524,405 ET ]NCOMFJ(EXPENDITURL) Tiynsfu's bettvetn fumds 167,995 (9,016) (12,378) 9,016 155,617 Net moveinent bj funds l58,979 (3J62) 155.617 RECONCILIATION OFFUYDS Total fijnds brought fonwatd 1.015,425 3,362 1,018,787 TOTAL FUNDS CARRIED foRWAILD 1,174,404 1,174,404 ij. TANGIBLE FLXED ASSETS Flxtsres and rittlngs Short le#8ehold Plant and mq¢hlttery Motov vehlth8 Tot418 COST At I ApLiI 2023 Disposals 1,439,040 128,T17 (¥oo) 42,396 46,765 J,656,978 (2,500) At 3l March 2024 1,439,040 1163TI 42J96 46,765 1,654,478 DEPRECIATIOP4 At l April 2023 Cbalge for year Elin)l￿ted on di4Josal 57,4YJ 2&678 35.126 I￿18 34,066 3J75 254￿30 33,895 (2500) 224 (2,500) At 31 Mgrch 2024 86,137 125,603 36944 37,241 285,925 ET BOOK VALUE Ai 31 M¢wh2024 1,352,903 674 5,451 9,524 1868,553 Al 31 Marth 2023 lJ81.581 898 7270 11699 1,402,448 18 eonlinued... SPRINGlflELD CHARITABLE ASSOCIATION L]NTTED Notes to the Thn%nci31 St4tenieiits- cojttlnued FOR THE YL4R ENDED 31 DAARCH 2024 l2. STOCKS 3113124 3113n3 701 701 Stocks 13, DEBTOIIS: AMouKfs FALLING DUE wrrHIN ofiE YEAR 3113ll4 3113n3 Other debtors VAT Prepayments aad accnd incotiK 4,390 1,700 S526 12,322 4,680 5,401 11,610 22,403 14. CREDITORS: AMouNfs FALLING DirEwrrHIN ONE YEAR 3113124 3113n3 B8Jk loans and ow'iltafts (see 16) Social $ecui'i¢y and oiha. tsxes Peiision creditor Other creditors Accrnds and defetTed income AO,119 14 2,418 304A25 11,8J6 9,870 5.920 2,030 304.525 14,151 338,912 336,496 15. cRED￿ORS. AMOUNTS FALLING DUK AFfER MORK THAN ONE YFAR 3113124 3113123 Bank loans (see ttote 16) 1S,661 2S,780 16. LOANS An zn81ysis of Ibe matyrity of loans is w below. 3113ll4 3113r23 Amotmts f#liing duewitbin one y¢2r on dem￿￿. Bank loans 10,119 9,870 Amounts falling due b¢tween ttvo and fNe Bank loaus- 2-5 ye 15.661 25,780 19 continued... SPRINGFIFLD CHARITABLF ASSOCIATION LIMITED Notes to the FiJi#nci#l SiatemeAtI- continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN fuNDS F4et movenient fin funds At 31n124 At ￿ll3 UDrestricted funds Genernl fund IJ74,404 (120,684) 1,053,720 TOTAL FUNDS 1,174,404 {120,684) 1,053,720 Net movement iti fi]nd8. included in the aboY¢ lte as follow8: IncoTDitig resollrces Resourees pended Movement funds Uiiresti4eted fullds Geneial fvnd 314,61)8 (435,292) (120,684) Restrlcted funds BHSCT 156118 (156,418) TOTALFUNDS 471,026 {591,710) (12U,684) Co]npar%tiYts fo* movementin funds Net movement In fuiids Tra￿$rerS behveen funda At 3J13123 At 114n2 Ulli'e$trlctsd fvnd8 General bmd 1.015,425 167.995 (9,016) .174,404 Restrleted Ilrnds BHSCT 3J62 (12J78) 9,016 TOTAL FUNDS I,Ol8,787 L55,617 L,174,404 20 eontiiiued.. SPRINGFIELD CHARITABLE A&SOCIATION LIMITED Notes to the filnanclal St*teJhent$- eontlnued *OR THE YJLAR ENDED 31 MARCH 2024 17. MOVCMEKI'IN Fuf4DS- c&ntlnued Compnrnlive net movemenl in fihnds, included in the above are as follows.. Iiieoniing resouites Resoiirces &Ypendcd Mowemeiit In fuDd5 Unrestrieted funds GeneTal fund 527.461 (359.466) 167,995 RestrJ¢ted funds BHSCT 152.561 (164939) (12,378) TOTAL FUNDS 680,022 (524,405) 155,617 cuntnt year l2 months 8nd priw yczr l2 nw)nths ￿n￿bit￿pOsItion is as follows: Net overnellt funds Trlttsfers behveell fiinds At 3113124 At 114n2 unrest￿Cted fullds Gen•71 fiJDd 1,015.425 47,311 19,016) 1.053.720 Restrheted funds BHscr 3362 (12.378) 9,0&6 TOTAL FtIIlDS 1,018,7&1 34933 1,053,720 A airenl Rl months and prior yur 12 months combin¢d llet nKJvuneJt iu fimd8, in¢￿ded in the above ¥te as follows: In¢omln£ resouites Re51btsrees lended Movement fuiids Unre3trl¢ted fund8 General fjJAd 842,069 (794.758) 47,311 R¢strl¢ted fvThds BHSCT 308.979 (321,357) (12,378) TOTAL FiINDS 1.151.048 (1,116,115) 34,9J3 21 continued... SPRINC.]flEI LD CHAIUTABLE ASSOCIATION LIMITED Notes to the FlnAM¢lal StxtementJ- continued FOR THE YEAR ENT)ED 31 MARCH 2024 18. The ch•rity I'e¢eives grant income from various thi￿[D8 bodies. These grants are subj¢ct lo various eondiliotts and the cb4rity ￿e￿801S¢S a eontia8ellr liability io repy tiiGw WLS should these conditions noibe met. 19. RUTED PARTY DISCLOSURLS The charity is ¢ODnected to th¢ clwilable cotnpany Springficld (laritsble Developments Ltd {SCD) aod &barcs CDmmon diiE¢tors, 98 such it is treated 8s a related party with san￿. Al Ibe year end Springfield Charitable Association Lid owes the SCD charity £304,525. Sprtngfield Charitable Association occopies property tswncd by SCD ond paidrent lothlliug £37920 in the year.During t1￿ year SCD nAde a thnation to tli¢ SCA of £73,000. Subseqiient to the year end Springfield awitRble Developments Ltd has n)ad¢ donations to Ilie chaTLty to provid¢ deficit fi￿dIag support. 22