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￿(1￿tS 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 Pl￿vEd111g 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 requir￿entS as set out irt the Ch*rity con1m1￿10￿ forN￿￿e￿ treland¥ st￿tOry 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 -VolU￿te¢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 om￿u￿1tteS tbat usc its se)viees. SPRINe.fiEI LD CHARITABLE AS.SOCIAYION Lll4AITED Tn￿tee5• Report FOR THE YEAR ZNDED 31 MARCH 2024 STRATEGIC RfPORT Achievement pei'form*nce 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 welc￿llert 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 b￿k￿Und 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 n*ittbeis 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 roleofHoi￿r#ry President of tbe charity. are rllany Successes WCtrrtlLy of note in the 2023-24 year includi￿8 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 g￿e produced in kI￿￿eth A llDjor ¢ithbler in a¢hievem¢nt of tsrgets. pdrticulftrly in Social Ente￿riSe 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 hydrot1￿apY 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￿ sI￿l￿ra]I In legacy cootract fillyjiog levels whi¢h ¢ontinue lo ¢)peTate in defi¢it. The fo¢us of our work to develop OUL S￿7&1 Ent¢￿T}$t and continually pl￿h for sl)ort tenn pwject fjjndinz continu&% to present Significa￿t ehalleDge for the org8nisatiOli since these are not legacy skitls that exis¢withitJ our 4truettm I'¢sulling irt ongoing doubts as lo our resour¢es attd ¢apaeity. Fln4ndal revi¢w Financ14l posldo The charitys fii)2neiAI positioii is reviewed OD a rnontlily basis by th¢ trfmrd. Th¢ charity has all anmMI audit performed by an ¢xiernal auditor. Tlie d￿rity io¢onK for th¢ 2024 yv4r was £471.026 (2023 - £680,fy22) and th¢ ¢xpemditu¥¢ was £591,710 (2023 - £524,405) whi¢h in turn rewlts in a defieitof £12Q684 in the year. Net wets at ihe year end bave de¢Rased from £1,174,404 to toknl £1,053.r20 at th¢ yearend. Prlnclpal flllldliig soureeg The pi'itscsp41 fiinding souyces ftir ihe clThrity are curreE)tty by Ivt4y of in¢ome ￿ set out iti note 2 in Ihe accounts logetherwith sI￿p and other charitsble aeltvity detalled in D￿e 3. Jllvest￿ellt poliey ina objeedves A olear objective is, then possli jle, lo put opeiatiiig sUty1￿c8 inlo re%nres ea¢h year, how¢ver this has prnved difficult in th¢ p￿1 few yeaT$. 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 R￿erVeS ptsllcy The truslees LnfoLination 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 re￿t ¢onfirn)s thatr. 50 far as tliey a￿ owa¥e, there is no relevant a￿ll IDforn)ation or￿11¢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 con1p￿t¢S exemption. AUDITORS The audity3, M.B.Mc Grndy & Co, will be prOp￿d for re-aPP)intn￿n¢ at the fortlwming Annual General Meetin Tr￿le¢s, Itport, Inco￿Orating a strategi¢ reporl &pPmV￿I by order of the t￿rd of trL8tees. #s the Company diir¢lors, on 4 October 2024 and signed ot) the board% behalf by. V DAvidson- Tntyt¢e