SPRINC.FIELD CHARITABLE ocIATION LUVIITED Trustees, Report FOR THE YEAR EWDED 31 MARCH 2024 The tswtees ivho are also dircctor5 of th¢ ¢hatity for the pu43oses of the Companies Art 2W61 present their ryort witb the financial statements of t])e charity foi the year ended 31 March 2024. The tsyslees hav¢ adop(¢d tl)e provisions of A¢counlittg aod Reporting by aiat7ties: Statement ¢)f Recommended Prnetice applicable to clwities preparing tlietr I(1tS in accordance with the FÈnan¢ial Rewbrling Standard applicabk in Ilie UK aiid Republic of IrelÈnd {FRS 102) (effectiva l Jaouary 2019). ObJeetiv¢s And &lms The piineipthi a¢livity of the company continued to be the provision of suppo&t ¢are al advice to help gocial inclusion pi'irnarily in the rn of W¢5t Belfast. The COD]patty achieved ils objceltves by providing d&y ca¥c support lo elderly peoplei PlvEd111g specialist advice through it's advice centre al by the operation of its charitsble slK)ps. Puhlie b¢iiefil Th¢ Trustees of Swingfield aJ¥itsble Aweiatsoo have fvlly ¢ompli¢d wÉth tbe Public Benefit requirentS as set out irt the Ch*rity con1m110 forNe treland¥ sttOry guida on public benefit. Sprittgfield Chatitabie Association aims to improve the qtsality of life for those living in the disti'irt of Springfield by providing the following - Advice c¢uts'e Second hand retail outlets -VolUte¢L. PKOrnS - DAY ceDiYe activiues for olderpeople Social isol¥tion catt be found ilk peopl¢ of all ag4 regio% eowitrbes and g)¢idiG%. Equ41 to services 16 iniportont and Springfi¢ld Charitable A55OCiation Limited h•s an equal oppothilies poli¢y 2nd diwsity statemertl whicti ensutts tbat it h&8 L culture of eqyJi access to ils services regordltss of di58biltty. gender, religious belief or sexual orientatlorL The believe equal acces9 10 its servfftces is viial to its success, and that successfijl outcomes must be shaitd by all omu1tteS tbat usc its se)viees.
SPRINe.fiEI LD CHARITABLE AS.SOCIAYION Lll4AITED Tntee5• Report FOR THE YEAR ZNDED 31 MARCH 2024 STRATEGIC RfPORT Achievement pei'formnce Cliarltable actlvities Achievttnetsts in the year 2023-24 bave Eten over5badowed by the weight of fiscal challenges of operating in at ivb&l ¢an be des¢ribed as an vnder-funded ond uusupported local govenmnent envirottmenL Despite tbts bockdrop. ore agftitk incredibly woud to repo(¢ the out8tAryding eFfoTt and COryOP¢C81ion of the staff Hnd volunte¢)% who keep on giving more ill support of (he d¢liveiy of services lo our clients in this ehalleAging envAronma]L Part of ou¥ role lls ttvslees io share with you the thriving impact that the work of our slaff, volunteers and ¢ommilt¢d rnlln4gen)¢iit teain hove delivered in tlie past 12 months. Flone of whiehwould be possible ivitholrt leodership> visioii and tlie peq)etual dedicati¢m of the SCA Board of Truste&s. Our work this yearhos been guided by our Sttalegic Plan 12026) with delivery of sts7tegs¢ aetions developing ts cutture of tegm togethenw and a'can do, approach to both cho]len8es and oppoilunilies. su t1 last 12 months, Ive welcllert new board nKmb¢r8 Ann Mccrncken and Jijn Tate. At]n'$ background is Audit and Accoun¢ing wi¢h significAnt experience in vernanCe ACYOSS all Sectors. Jim's bkUnd is in CATe P¥actice and Social Woi'k with mlny years of uperienc¢ in the dey¢lopment of Wellbei prografjmmes siipporltng wlnerabla people and Ilieir families. Both nittbeis bring enhath alld diverne capacity to tsur team aiid are already adding value lo the organisgtiott Witli th¢ir skill sets attd knowled8& During the 2023-24. Tom K¢rnal#n retired froni the Board and Briaii McGiaih resi Ihe Board take up the roleofHoir#ry President of tbe charity. are rllany Successes WCtrrtlLy of note in the 2023-24 year includi8 full large¢ &¢lJievenient of Doy Centre atteHdall¢es, delivery of fvll capacity sthvi¢e hydroth¢Tapy and ¢stsblisknient of 8 new social enterprise which lias ¢nabled u8 to monelize the excellejit quolty bre*ds tbat ge produced in kIeth A llDjor ¢ithbler in a¢hievem¢nt of tsrgets. pdrticulftrly in Social EnteriSe e¢tsvitia, ha8 been tlie Irafy3ifion to our Crescent Vitality comnwnicalion and ai'keting strat¢gy, IDakiDg us vM)re accssibk and relevant in Ihe cutren¢ operating enviroiimellt for clthrifies and 80¢i8l enterprise8, Our ielationsbips with partller5 contTttued to grow with1¢8acy contra¢ts retained and new social ¢Dtcrpise hydrot1apY lid ktlchen colltracts secw¢d whicli positions us with les8 reliatte on grant fviidin& This 1$ altgned wilh our strategic aims aThl il 18 imperatiY¢ ro our survival that W¢ CAll plga aud provide for other revcnuc streanll which are e85¢ntial to adthe86 1 chron sIlra]I In legacy cootract fillyjiog levels whi¢h ¢ontinue lo ¢)peTate in defi¢it. The fo¢us of our work to develop OUL S7&1 Ent¢T}$t and continually plh for sl)ort tenn pwject fjjndinz continu&% to present Significat ehalleDge for the org8nisatiOli since these are not legacy skitls that exis¢withitJ our 4truettm I'¢sulling irt ongoing doubts as lo our resour¢es attd ¢apaeity. Fln4ndal revi¢w Financ14l posldo The charitys fii)2neiAI positioii is reviewed OD a rnontlily basis by th¢ trfmrd. Th¢ charity has all anmMI audit performed by an ¢xiernal auditor. Tlie drity io¢onK for th¢ 2024 yv4r was £471.026 (2023 - £680,fy22) and th¢ ¢xpemditu¥¢ was £591,710 (2023 - £524,405) whi¢h in turn rewlts in a defieitof £12Q684 in the year. Net wets at ihe year end bave de¢Rased from £1,174,404 to toknl £1,053.r20 at th¢ yearend. Prlnclpal flllldliig soureeg The pi'itscsp41 fiinding souyces ftir ihe clThrity are curreE)tty by Ivt4y of in¢ome set out iti note 2 in Ihe accounts logetherwith sIp and other charitsble aeltvity detalled in De 3. Jllvestellt poliey ina objeedves A olear objective is, then possli jle, lo put opeiatiiig sUty1c8 inlo re%nres ea¢h year, how¢ver this has prnved difficult in th¢ p1 few yeaT$. Trlaving Gonsidered the oplions •vritlable. Ihe Tntsle¢s have decided ti)at aiiy resei'ves sl)ould b¢ invested in ¢re bank deposits, The TtU51ees consider t1 overnll rebjrn on deposit accounts to be distsppoiTJtirtg. but are notwillillg lo plaee valuable iesourcts into rkSkI iDYesliT]ents.
SPRINGfiIELD CHARITABLE ASSOCIATTON IIDAITESD Ti-ltsteesl Repoi't FOR THE YEAII ENDED 31 MARCH 21124 STRATEI GIC REPORT Finlliiclal revieiy RerVeS ptsllcy The truslees L<cogoise diat At is n¢cewry liold reserves in order io off.sd the effects of fluctualion on i]Jwining resoillre3 thereby s¢¢tJre tlie ¢olltitlld viability of the 3[ity beyond the Émmedia¢e tUtE. In keeping with 8ood account8ttcy 3¢ll¢e, il is the kim OF th¢ Charity to bold frce reserves 11 equal¢ to tbrc¢ nKJnths opera(ing ctssts, ltt conjunction witkn its r¢lated charity. Swingfield chanble tkvelopments d, the free rcserves exceed tlree Months operating eosts. riutui'e pl8DS The coiJpaoy intends to eonttnu¢ its Soci0?¢ development through the colltillucd piDvi$ion of sup)rt, car¢ and dviee Éo the area. The ¢0snpany h&$ ¢omplcted lh¢ re0VatiOn of the pYeniise$ at Cuptsi Street which were bollt by Sprittgfi¢ld aMritabl¢ Developllnls Lt a coiDp2ny wifh trustcu. It is intthded that I]3C 1$¢$ will b¢ used to continu¢ to develop its servt¢¢s to the community going fonvard. srRUCIURE, GOVUiNANCE AND MANAGEMENT Govei'nliig doeunient Spi'ingfield Ch8Lilable Assoclaliort is a company liinited by EU8rantee wlii¢h was incorptsrnted on 25tlkFebw8ry 1982. It wds ttgtstei'ed os a charity with the N] Charity Conyni58iOll os froni 19th Jun¢ 2015. Recruitment appolntnient of neiy trustee8 Due to the natu¥e of the chtsritys work the trusfees seek lo ensure that Ihtse needs are appropriately t#flected tlwougli the diversity of the tkustee body. To enhan¢e the p0i¢ttti pool. tlithes are r¢queSd provide a list of tbeir skills (and update it each year) and in the eY¢trt of porticular skills lacking or being kkst due to retirement, diVidu01S aiE appmacb¢d to offer th¢u1VeS foi ¢lectio OrgRnls4tionthl stt'ueture The c()mpaThy is governed by • Board Of Trust which opera(&8 08 det8Tkd in the eompalls 8oveming document, the Memor8Dduin and Articles of As80ciatio Tli¢ knvstees 8re directly Yespon5ible for the doy to day managenxnl of the dmrity ttnd they meet oth a monihly basig 10 review all aspects of th¢ cbarity. The cominiltee is made up Lif of botli long saving more rceent n)unb¢rs with ft shared vision, commilrneiit and passiort for achievillg the objectives of the orgaDisation. Members come with rtLfige of skills ciiicial to the mpnagement of Ilie organisafion. To hoilitale effective opcrations. the b¢)ard has delegated wjthority of operational ni&tters as fllwi¢¢, enwloyment 8nd the delivery of its tiaining objectives to the cl)arills s¢nior m&na8trs. Inductlon 2nd ti'alning Dlneiy *ntee$ New Tiwlees aLe briefed on their legal Obligati( under charity and company taw, the cont¢nt of thc Men)orandum and Articles of Asyo¢iaiion, th¢ Committee and decision Jjjaking proce$. the busin¢s$ plon and xe¢ent fanCIal peifoi'mance of the th&rity. Tli¢y nieet key employees Ind othcr Trustees. The TnJst¢es and Manageftt commilte¢ are encoui'ag¢d io aitettd ttppropriale extern81 training events where these will facilitai¢ the undertaking of their rol l<ey m4iiAgemeiit rtniulleratloll The scttin8 of the pay and remuneration of the key moDag¢meni personnd is delegated kn (he Retnutseralion Committee, made up of 8everal tnJ8tees. Related paYti¢8 The charity is related io snother chaiity namely Springfield Charithble Developments Lkd in tIMt they have cornnlon knvsÉe¢s artd the properly used by tliis chai'ity is oivnedby Springfield CIMrit&ble Developinents Lt(L REFJlllENCE ATrID ADMINIsfRkTIVEDETAItS Reglstered Company Trwttb. NIOI 5556 (Ntsrthemlreland)
SPRINGFJCI LD CHARITABLE ASSOC]ATION LIMITEII Tru3tee8' Report FOR THE YEAR ENDED 31 MARCH 2024 Registered Charlty nunther 102202 Reglsteted office 27 Clonoyd Cres¢eD¢ Belf3st Anti'im BT13 2QN Trustees V Dayidsoll C Call&n (resign¢d 27J6r2024} M Flynn (iuigaed 114r2023) A Jolmston T Kernaghllu (resigtted 1719r2024) B Mcth?th J Sweeney C Rodgers G Kelly (appointed 1516r2023} Amccrncken (appoinled 8nr2¢Y24) Company Se¢retAry J Sweeney Alldltovg M.B.Mc Grady & Co Chailaed Accotsntal Slatulory Audito Rathmore House 52 Si Patricks Avenlle Downpatrick Co. Do1 BT30 6DS Bankers Bank of Itel8ttd 202 Anderso*0rt Road Belfast BTII 9EB SoU¢itors Ferguson & Co CauseiwyTower 9 Janies Street Soutli Belfast FT2 8DN TRUSTJILSI REI SPONSJBILITY STATEMEwr The trustees (who are also the directors of Springfi¢ld Chtiritablc A550¢Flltion Limited for the purposes of company lawl ai% I'esponsibl¢ f. prepiTing the Trustees, Rep{ and t1 finan¢ial siatements In accoiéance with applicable law and Uiiited Kingdom kncounting Swnd8rds (United Kingdom Getty A¢cepted A¢counting Pnwlice).
SPRINGFIELD CHARITABLE ASSOCIATION LTMJTED Tiwsleesl RepoE't FOR THE y£1 AR ENDED 31 MARCH 2024 TRusfEESI RESPONSIBILITY STATEMEFrf- eontinued Company law I'¢quiirs di¢ tswtces to prepa¥e finJneiAI statements for eacli fin8llcial year which glve a twe and fair view of Ihe state of aff&irs of the charitsble company and of the incoming iuources 8Dd application of resouree4 including tbe income and expenditure, of the charitable waDy for that period. ID preparing those rlanCIal st8km¢n the trustee$ ai'erequired to select suitable accounting policies I1 then Dpply them consislenlly¥ observe tbe Inetbods aDd principlu irt th¢ Charity SOIiTr- mak¢ judgcmeThts 8nd estimates ihat reasonable 8DdpnJdenl slat¢ whether applicable 8¢eouiitiftg $t8nd8rds ha been followe4 Ject to aDy maltrixl departtres disclosed llttd explained in the finan¢i81 staten)ents' prepare the fiEJan¢ial stalcnnts on the goin8 concern bftsis unless it is inapproprtate to prtwn lht the charitable ¢ompany will ¢ontizJue iti business. The tsithes ue respoDsibl¢ for ke¢ping prOt accouDiing reeords whicb di8¢1ose with re&8onabl¢ &¢cw•cy at any time the finattcial position of the charttable ¢ompany and to enable them to eiwre that the finai¢ial stateinents comply ivith ti)c Comp3Dies Acl 2006. Thcy are also iesponsible for safegyarding tb¢ essets of the charitable coiupany aiid bence for taking reasonable Ste forthe prevention gnd deteciion of fraud and her irregularities. In so far As tlie trustees are 81vare: there 18 no relevant audit infommtioll of which the ehatit8ble Compatt$ alIt0 aD5 wlaw0. #nd the trusle&s have taken 811 steps that they ouahl to have uken lo make the[[1Ve5 uwar¢ of gtty relevattt audit
nfoLination znd to establxsb that th¢ audity are aware of thit iofonnation. Audltor Eacli of the p¢rsotts who ts attvstee at the dale of approval of this ret ¢onfirn)s thatr. 50 far as tliey a owa¥e, there is no relevant all IDforn)ation or11¢h the charitys audilor 18 unaw8re of. aud they have 1 steps that they ougbt to have tskwl as a ttuslee lo make therL8elves aware of olly relevant audit irfotmation aTLd to establish that thc clkaritys al]lor is aware of thot inftxm8ti0u. Small eoillpoiiy provisloT This report lias beell prep8¥ed in a¢eordonc¢ with thc provisions applieabk to Companies entitled ro the Èn)all con1pt¢S exemption. AUDITORS The audity3, M.B.Mc Grndy & Co, will be prOpd for re-aPP)intnn¢ at the fortlwming Annual General Meetin Trle¢s, Itport, IncoOrating a strategi¢ reporl &pPmVI by order of the trd of trL8tees. #s the Company diir¢lors, on 4 October 2024 and signed ot) the board% behalf by. V DAvidson- Tntyt¢e