REGISTERED COMPANY NUMBEI R: NIQE5556 (Noi.tliei'n li'el2Dd)
RIIGISTEI REI D CHARITY NUMBLI R: 102202
TRUSTEESI REPORT AND
FINANCIAL STATRMENTS
FOR THE YEAR KNDED 31sr MARCH 2025
FOR
SPRtNGFIELD CHARITABLE ASSOCIATION
LIMITED
M,B.M¢ Grady 8c Co
Cliai'l¢red Aceouiitants
St&tutory Auditors
Ratliinoi'¢ House
52 St Patricks Avenue
Downpatrick
Co. Dow
BT30 6DS

SPIUNGFIELD CHARITABLE ASSOCIATION
LIMITED
coKrENTS OF THE FINANCIAL STATEMILNTS
FOR THE YEAR ENDEI D 3Esr MARCH 2025
PAge
Ti'ustees, Repoi't
Repoi't ol the Ind¢peDdent Auditoi's
6 to 9
Statenient of Fln9nclo1 Activitles
10
St8tement of FlnRnciAI Position
Stitement of Cash Flows
12
Notes to tbe Statement of Cash FIoivB
13
Notes to Ilie Flnanelal Statements
14 to 22

SPRKNGFIELD CHARtTABLE ASSOCIATION
LImIT￿D
TRUSTfi ESI RBPORT
IroR THEI YEAR NDED 31ST MARCH 2025
Tlie ti'ustees who al'e also dire¢tors of the ehai'ity foi. Ilie pui'poses of tlie Coiiipanies A¢¢ 2006, pi'esent Iheii, repoit wilh
the financial statements of tlie Chai'ity for tlie year ended 3 1st MaYcl12025, The h'iTslees have adopted the provi8ioiis of
Ae¢ountin8 and Reporting by Chavities: Statement ol R¢¢ominend¢d Practice applicable to ¢118rities pirpai'ing tlieir
accouiils in a¢cordaiioe with Ilie Financial Reportittg Standard applic&ble in the UK and Republic of Ireland IFRS 102)
(effe¢tive I lanuaiy 2019).
OBJECTIVES AND ACTIVITIES
Objectlves and aknns
Tl)e pi'incipal activity of Il)e ¢onipany ¢ontinued to be tiie pi'ovision of suppoil ¢8re ai)d odvice to help social inclusion
pi'iniai'ily in the ai'¢a of West Belfast. The ctsmpany a¢hieved it's obj¢ctives by pi'ovtding day cal'e suppoi't to eldei'ly
people, pi'oviding speciolist advice thi'ou811 ivs advice centst and by the opei7lion of its charit&ble shops,
Public benetlt
Tbe Ti'ustees of Springfield Charitable Asso¢iation have fvlly complied with tlle Public Benefil Itquirements as s¢t out
in the ChAI'ity Commission for Noit]iern Kreland's statutory guidahoe on publio benefit,
Springfield Cl)ai'itable Association dims to iinpi'ove the quality of lift for those living tlie dists'iat of Spi'irtgfie]d by
providit)g Ilie ftillowingi
Advi¢e cenlir
Second hand I'elail outlets
- Volunteer programmes
Day ¢¢nli'e a¢tiviti¢s for old¢r people
Social isolatioD can be found in people of all ages, regions, countries and Societies. Equal a¢ce85 to seryices is impoitant
aiid Springfield Charitable Association Llmited 118S at) equal oppoi%unilies policy and diversity slalement which en8LlI'es
that it has a Culture of equal a￿esS to its s￿VIceS regaidless of disability, gendei., I'e5igious belief oi. sexual oi'ientation.
The ts'ustees believe equal &¢¢ess to its seiyices ts vital to its success, and that success￿1 outcomes must be sliared by 811
coiiiniunities tliat use Its servi￿.

SPRINCFIELD CHARITABLE ASSOCIATION
LIMITLI
TRUSTEES, REPORT
FOR THE YEAR ENDED 31ST MARCH 2025
STRATEGIC REPORT
Achievements And pei'fonngnce
ChAI'itible activities
Acliievei))ents in th¢ y¢ai' 2024-25 liave beeii oversliadowed by the weight of fi$eal challenges of operating iii at wliat
can be desci'ibed as fin und¢i'.fvnd¢d and unsupported lo¢al govei'ninenl environinent. Despite this backdi'op, we are
agaiii ii)credibly piDud lo I'epoit the oulstai)ding effort and co-operation of the staff ènd volunl¢¢r8 who keep on giving
more in support of the deliveiy of seivi¢es lo oui. cliei)ts in this ¢hallei?ging ¢nviioiiinenl.
Part of oui. i'ole as trustees lo share witl) you tlie Il)riving iinpact tliat the wo1* of oui. stsff, volunteers ai)d cominitted
management teat)? have delivei'ed in tlie past 12 months. None of which WOLTld be possible witliout leadevship) vislon and
th¢ perpetual dedieation of the SCA Board of Trustees. Our work this ye8r has b¢en guided by oui. Sti'alegic Plan (2026)
with delivery of stt'ategic &Gtions developing & cultui'e of te8m tog¢therness and a 'can do, appi'oach to both ¢halleng¢s
Hnd OPPOLknnlties.
In the last yew., we welcom¢d new board membei. Jiin Tate. Jim's background is in Care Practice and So¢ial Woi'k ivlih
many years of expei'ience in Il)e development of wellbeing progr&mmes supportin8 vulnei'able p¢opl¢ artd theii. fan)ilies.
Jiin bi'irtgs enhanced and divei'se capacity lo oui. leain and is adding valu¢ to tlie organisation with his skill s¢ts and
knowledge. During the 2024-25 yeai,, Briaii McGI'ath resigned fi'om the Bo81'd to take up Ihe role of Honoi'ary President
of the ehai'ity, Clai'e Can&vart also IE8ign¢d from tlie board.
Tliere are many successes worthy of note in the 2024-25 yeai, including fi￿1 target achieveinenl of Day Centr¢
ott¢ndances, deliveiy of fvll ¢apa¢ity seivi¢e in liydrotlierapy. A major enabler In aoliievement of taiEets, particularly in
Social Entei'pi'ise aetivities. lias been the transition to our Cirs¢ent Vitality commutti¢alion end marf<eting stl'81egy*
m8king us iiiore a¢cessibl¢ and relevant in the cui'rent operatlng enviiDninent for ¢liarities and Social tnlerprises.
Oui. I'elationships widi partneis continued to grow witli legacy conknxcts I'etain¢d and new so¢ial entei'pi'ise hydiothei'apy
eontt'a¢ls secuj'ed which positions us with less i'eliance on grant fvnding. This is altgned ivitl) our sti'ategic aints and it is
IIIIPe17tive lo our swvival that we can plan and provid¢ foi. other revenue sli'eams wliich are esientid to address a
chi'onic shortfall in l¢go¢y ¢onts'A¢t funding levels wliich continue lo op¢r8t¢ in deftcit.
The focu$ of oui. work to d¢velop our So¢ial Erttei'pi'ise and continually pitoh foi. short project fvndiiig continues to
preseiil sfftgnifi¢ant challertge foi. the oi'ganisation sin¢e these al'e not legacy skills Iliat exist within oui. sti'uctuirs resulting
in ot)going doubts as to our resour¢es and capacity.
FlnAndsl i'evleiv
Flnaneial posltloii
The cllarity's fiiianeial po$ilion is reviewed on a moA)dily basis by Ilie b08rd, The diarity has an aithual audit pei'ftimied
by an external auditor. The ¢l)arity income for the 2025 yeai. was £560,472 (2024- £471,026) 8lld tl)¢ expertdilure was
£626,956 (2024- £591,710) wliicli in i'esulis in an operating deficit of £66,484 in the yeai. (2024- £120,684).
Its related paity, cl)aritsble compat]y Spriiigfield Charitable Developments Ltd i'educed its indebtedness due fi'om ttie
cliai'lty by £75,000 in the yeai., leaving an ovei'all surplus of £8,516
Nel at tlie ye8]. end have increased fi'om £1,053,720 to total £1,062,236 at the yeai. ¢nd.
PrlneipRI fuiidlng soui'ees
The Princip￿ funding wui'ces for the ¢hai'ity are ¢uii'ently by way of wxnt ]ft￿nie Is set out in note 2 in the accounts
tO8eihei' witli sliop and other Ch￿.11&ble aclivity income as detailed ITh note 3. It 8180 reli¢s on ¢liaritable donations from
Its IElated Ch￿'ttable company Springfield Chai'itable Developmaits Lid.
Investment pollcy and objeetlves
A clear objective is, when possible, to put operating surpluses into Irseives each y¢ar, howevei. Il)is has piDved difficult
in the past few years. Haviftg ¢onsideitd the options availabl4 tlie Truste¢s liave decided that aiiy ieseives should be
invesl¢d in secui'¢ bank deposits, Tlie Ti'uslees co1￿lder the overall reluin on deposit a¢counts lo be disappointing, but
are not willing lo place viluable resources into riskiei, iftveslinents.

SPRINGFIELD CHARITABLE ASSOCIATION
LIMITED
TRUSTIES, REPORT
17OR THE YEAR ENDED 3]￿ MARCH 202S
srRATEGIC REI PORT
Fln&nciAI I'evieiv
R&8ei'ves policy
Tlie li￿￿teeS i'ecognise that it Is n¢¢e$sary tr) hold reseives in order to offset the effects of fluctuation ort inoon)ing
r¢souires and thereby 5ecui'e the continued vi8bility of the Cliavity beyond the iiw))ediate fului'e. In keepiiig with good
accouThtsn¢y practi¢¢, it is the 8iiii of the chai'ity to hold fire I'eseives whicli equate to d)I'ee montlis opei'alkng costs. In
eoiiiui)¢tion witli ils related chai'ity, Springfield Chai'ilable Development8 Lid, who has pled8¢d to Support tlie ohai'ity,
tlie free reserves exceed I1￿ce months opei'aling ¢0311,
Futui'e plans
Tl)¢ eODip8ny intends lo continue its socio-e¢onomi¢ d¢velopn)ent througli the continued provision of support, caie and
advice to tlie area. Tlie ¢0inpany has conipleted the renovation of d)e pi'emises at Cupai. Street wliicli wei'¢ bougl)I by
Spi'ingfield Chw'itable Developments Ltd, a ¢onipany with coinmon trustees. It is intended tl)at tl)ese premises will be
used to continu¢ to develop its seiviw to the eoinmunity going foiward.
srRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Springfi¢ld Chai'itsble Asso¢iation is a company liinited by guarantee which was incorpo￿ted 01125th F¢bi'ugiy 1982. It
was registered es a charity wtth the Nl Chaiity Commission as fiDnt 19tli Jun¢ 2015.
Recrufilment gnd Appoiiitment of new trustees
Due to the iiatuie of die ¢h21'ity'S wol'll the ts'ustees seek to ensure ihat these needs appropriately reflected IknDugh the
diversity of Ihe tt'¢Jste¢ body. To enhwice the poteiitial pool, trustees ￿'C requested to pi'ovide a list of Iheii. skills (and
update it each yeai-) and in the event of parti¢ular skills lacking or being lost due to I'etirenient, individuals are
appix)Rched Èo offei. Iliemselves foi. ¢lectioii.
Oi'ginlsgtlonal sti'uctui'e
The coinpany is 8ovei.ned by a Bo8rd of Ti'ustees whicli opei'ales os detailed irt tile coinp8nl5 gOV￿.nIng docutnent, the
Meiiiorandum and Articles of Asso¢ialion.
The trustees al'e directly responslble foi. the day to day maoagement of the cliarity and they iiieet on a monthly basis to
review all aspects of the chai'ity, The committee is made up of i niimber of both long seiving and more recent membei
with a shaitd vision, commitment and passion foi achieving the objectives of the oi'ganisatlon. Membei's come witli 8
l'ange of skills rA'uelal to the man8geJnent of the organisation.
To f8cilitate effective opei'ations, the board l)as delegated authority of opei'atlonal matteiE such as fiiign¢e, einployment
aiid the deliv¢ry of its Ii'ainii)g obje¢tives to the charity's senior manag¢i's,
Inductlon xiid ti'Èinlng of neiv trusttes
NewTI'ustees al'e bi'iefed on tlieii. legal obligations under uliarity and conipaiiy law, tl)e content of the M¢rnorandum and
Articles of Association, the committee aThd decision making piDcesses, Ilie busiiiess pl&tt and recent financial
perfonnattce of the oliarity. They me¢1 key employees aiid oiliei. Tru8tees, Th¢ Trnstees and m3nagem¢llt coinmittee ar¢
en¢ouL8g¢d to at¢¢iid appropriate external training events where iliese will facilitate the undertaking of tlieir role.
Key mAiiagement remuneratlon
Tlie setting of the pay %1)d reittiiiieration of tlie key nianageiiient p¢isonnel is delegated to the R¢muneratioTh Committee,
made up of sevejal ts'uslees.
RelAted pai'tles
The charity is related to another cl￿rity nainely Springfield ch￿l¢able Developments Ltd in tlif4t they liave common
ti'uste¢s and ilie propw used by tliis ¢l)arity is owned by Spi'ingfield Cl)arithble Developments Ltd.
REFERKNCE AND ADMINisfRATIVE DETAKLS
Registered Company number
NtO15556 (Noiihern Ireland)

SPRINGFIEI LD CHARITABLE ASSOCIATION
LIMITED
TRUSTEESI REI PORT
FOR THCt YEAR CINDED 31ST MARCH 2025
Reglstered ClIArlty numbei.
102202
Registered office
27 Clonard Cirscent
BelfBSt
Anlrim
BT13 2QN
Ti'uslees
V Davidson
C Cafiavan (iesigned 271612024)
A Johnston
T Ilemaghan (i'esigned 171912024)
B McGrnth (iesigned l 811012024)
J Sweeney
C Rodgers
G Kelly <resigiied 301412025)
A Mccracken (i¢sigfted 4112J2025)
J Tate (appointed 271612024)
Company Seci'etary
J Sweeney
M.B,Mc Gi'ady & Co
Cl)avlered Acc011nlanls
Statutory Auditois
Roihmoi'¢ H0115e
52 St Palr&cks Avenue
Downpalri¢k
Co. Down
B T30 6DS
B#nliers
Bank of li'el8iid
202 Andetsonstow) Road
B¢lfast
BTII 9EB
Solieitoi's
F¢i'guson & Co
Causeway Towel.
9 James SbEet South
B¢lf8St
BT2 8DN
TRUSTEES, RESPONSIBILITY STATEMENT
The ts'ustses (who are also tlie dii'eclors of Springfield Chai'itable A5so¢iatioii Liii)ited foi. the puiyoses of compaiiy law)
are responsible foi. preparing tl)e Trusleeg Repoit and the finan¢ial ststeinenls in a¢coi'dartce with applicable law and
Unit¢d Kiiigdoin A¢¢ounting Stsndards (UDlted Kin8dom Genei'ally Accepted A¢counting Pi'acli¢e).

SPRINGfiIELD CHARITABLE ASSOCIATION
LIMITED
TRUSTEI ES, REPORT
FOR THE YEAR ENDED 31ST MARCH 2025
TRUSTE]ES' RESPONSIBILITY sfATEMKNT- contiiiued
Compaiiy law vequii'es tlie trustees lo piEpare finaiici81 slaleinents foi. each financial yeai.. Under that law, the Iruslees
have elected to pi'epsre the finlncial stsleinents in a¢¢ordan¢e with United Kingdoni Genei?Ily A¢¢epkd Accounting
Pra¢lioe (United Kingdoin Accouilting Standai'ds and applicable law).
Under cortlpony law the Ivustees must iiot approve the fit)an¢ial staten)ents unSess Il)ey aiE satisfied tlial iliey give 8 true
atid fair view of tl)e slate of affaivs of tlie chw'ilable coiiipany and of the iijcoitting resollvces and appli¢ation of
iesources. includirts Ihe iiicoine and ¢xpendituit, of the ¢118rilable ¢oinp&iy foi, t118t period. In prepariiig tl)ose financial
statements. the ts'ustees ale I'equired to
select suitsble accoLinting poli¢i¢s and then apply tliem ¢onsist¢ntly:
Ob￿Ve ihe methods and pi'inciples in the Cliai'ities SOFTr.
mgke judgeillents and estimates that al'e ieasonable and pi'udent.
slats wbet]iei' applicable a¢¢ountirtg standards h8v¢ been followed, subject to any matei'ial depui#uYes disclosed and
explained in th¢ finallcial slatements,
pi'ep&r¢ Ilie financial staieinents on the going concern basis unless it is inappi'opriaie to presume that the chai'itable
¢omp&ny wlll continue in busirtess,
Th¢ ts'ustees al'e I'esponsible foi, keeping pi'oper &ecouTrtirtg records which disclose with i'usonable accuracy at any liiii¢
the finai)cial position of the chai'itable conipany and lo eThable them lo ensure that the financial statetnent8 comply wffiih
the Companies Act 2006. They are also i¢spoftsib5e for s&fe8uai'ding the assets of tlie oliw'itabl¢ coinpany ￿)d lience for
taking reasonable st¢ps for the prevention aiid detection of fraud and oilier iFregulai'ities.
In so far as the tru$tee8 a¥e &ware:
thei'e is no I'¢l¢vant audlt infomi8tion of which the c11￿.]tab1¢ company's 8uditoi's ai'¢ un&wair' and
th¢ ti'ust¢es have taken all sleps that they ought to liave taken to make rf)¢m8elves aw41t of any rel¢v8nt audit
infoi'matiort and to establish that the auditors al'e aware ofthat information.
Auditor
Each of tlie persons who is a trustee at the date of approval of this I'eport confirms that:
so far as they are aw8iE, there is iio ¥elevant audit infomiation of whi¢h tl)e charity's auditor 15 unawai'e of. and
they have taken dl steps that th¢y ought to hav¢ taken as a tt'ustee to mske themselv￿ aware of any relevant audil
infoj-niation and to establish tliat the charity's auditor is aware of diat infomiation.
Smftll eompxny provisions
This i'eport has been pirpared in aecoi'dance with the provisions applioable to compfjnies entitled to tl)e sniall compatties
exeillption.
AUDITORS
Th¢ audilors, M.B.Mc Grady & Co. will be proposed foi. re-appointihenl at tije foithcotning Amiual Gen￿'aL Meetiiig,
Trnstees, i'¢port, in¢okporating a strntegi¢ report, approved by oi'dor of the boai'd of ts'ustees, &$ the ¢oinpany directors.
on 8th JaThiiaiy 2026 and signed OA the board's behalf by..
V Davidson- Trustee

REI PORT of¢ THE INDEPENDEI NT AUDITORSTO THE TRU￿￿1 ES AND MCIMBII RS OF
SPRINGFIKLD CHARITABL£I ASSOCIATION
LIMITII D
Oplrtlon
We have audited Ilie finan¢i41 statements of Spi'ingfield Cliai'itable Assooiation Limited {the 'chai'ilable company,) ftir
Il)e y¢ar elided 3 Isl Mairli 2025 which coN)pi'ise the Sialeineiil of Financial Activities, the Stalement of Fino1?oi&l
Position. Ihe SiateiDenl of C8sI) Flows and notes lo the fiiiancial slalements, iii¢luding a sUn￿n81.Y of sigrtificant
accoiiiiting poli¢ie5. The financial repoiting frainewoi'k that l?as been applied in Ilieii. pvepai2tion is applicable law aiid
Uiiit¢d Kii)gdoni A¢¢ouiiting Slandai'ds (United Kiijgdoiii Genei'ally A¢cepted A¢¢ounting Pi'&etice).
Iii our opinion Ilie financial statemeiits:
give a true and fail. view of Ilie slalc of Ille chai'itable co1)Ipati￿S affaii's as at 3 1st Mairh 2025 and of its incoming
resoui'¢es and application of i'esovrees, including its income and expenditw'e, for tl)e year tl)en ended;
have been PlDpei'ly prepared in a¢eoi'dan¢e witl) United Kingdoin Genei'ally A¢¢epted Ac¢ounting Pi'actice. and
have b¢¢ft prepo1.ed in accoidance with the I'equiiEm¢nts of the Companies Act 2006.
B8818 foi. opillio
We eonducled oiir aiidit in accoi'daii¢¢ wkth Intoi'n&tional Startdai'ds on Auditing (UK) (ISAS (UK)) and 8ppli¢able law.
Our rcsponsibilities under those standaids al'e fuithev described ii) the Auditoi's, i'esponsibilities for the audit of the
finan¢ial statements se¢tioA of our report. We al'e independent of the cliaritable coinpany in accordan¢e willi the eÉhÈ¢al
requiieinents that are relevant to out. audit of the financial statements in Ili¢ UK, Including the FRCS Bihi¢al Standard.
aiid we liave fulfilled our other ethical i'esponsibilities iii acco1￿9￿Ce wtih these requii'ements. We believe tlial the audit
eviden¢¢ we liave obtained is suffjcienl and appropi'iale lo provide a basis for our opinion.
Conelu&ions relAting to going coiieern
In auditing the finan¢ial statements, w¢ hAve concluded Ili&t the ts'ustees, use of th¢ going eoi)cem basis of ac¢ounling in
the pi'epaiatioit of tl)e financial ststemeiits is appropriate.
Based on Ilie woi'lc we have p￿￿Oi.￿led, we l?ave not identified any inaterial un¢ei'tainties relating to events or conditions
t[￿t, individually oi. ¢ollectively, may cast significant doubt oil Ilie Chai'ilable company's ability lo ¢ottliniie a8 a gotng
concern ftii. a pei'iod of at leL%t twelve months fiDm when the finaiieial statements li'e atsihoi'ised foi. issue,
Oui. responsibilities and the responsibilities of the tsvstees widi i'espect to going concern al'e desci'ibed in the i'elevant
sections of this i'epoit.
Other Infoi'mgtlon
The ti'uslees are responsible for tlie other infomiation. The othei. inform4lion ¢ompi'ises the inforlnation in¢luded in the
Annual Repoit. othei. than the fin#rt¢ial statements and our Repoit of the Independent AuditotE thereon.
Oui. opinioii on the f￿all¢la] stalemeiits does not cover the otl)ei' information and, exc¢pt to Il)e extent oiheiwise
¢xpli¢iily stated iii oui- i'epoi'l, we do not express any foiin of assuraii¢e Conclusion thweon.
In ¢ono¢¢tion with oui. audit of tile financial st&teittents, ow. ￿SponSibl]Ity Is to l'ead the oilier infotn)8tion 8nd, in doiftg
so, coi)side]' wheiher tlie otliei. infoiTha¢ion is iiiatevially inconsistent witli tlie financial slaleinents or our knowledge
obiain¢d in Ili¢ oudit or oilieii¥ise appeal% to be iiialeyially misstated. If wt identify such Inatei'ial ii)consislei)cies or
appaiynt material misstatements, we ai'¢ I'equired to deteimine wliethei. this gives rise to a n)al¢i'ial n)isslateittent in the
financial statenienls tliemselves, If, b&qed on the woi'k we have pei*oi'med, we con¢lude that thei'¢ is a material
misslatom¢nt of diis othei. infoi'mation, we are i'eqiiii'ed lo irport that fact. We have nothing lo I'epoit irt dits IEgai'd.
Oplnlons on otliei. mAtter8 pi'•seiibed by the cOmpRni￿ A¢t 201J6
In our opinioii, based oil tlie woi'k ut)derlaken in the Course oethe audit..
tl)e inforinalion given in die Ti'ustees, Report foi. tlie financial year foi. which tlle financial sta*m¢nts Bi'e prep4iEd is
eonsistent with the financial 5tatemeiits.' and
the Ti'ustees, R¢poit has been prepared in accordance with applicabl¢ leg21 requireinents,

REPORT OF THE INDEPCI NDENT AUDITORS TO THE TRUSTKES AND MLI IICBERS OIF
SPRINGfilELD CHARITAfsLE ASSOCIATION
LIMITEI D
Mgtteis on iyliicli we al'e requii'¢d to i'epoi't by exception
In tlie liglil of the Icnowledge and undei'staAding of the charitable comp&ny and ils environment oblaiThed in di¢ couyse of
the audit, we have not ideiilified matei'ial misstatements in the Truslees, Repoit.
We liave iiotl)ing to I'epoit iii respect of die followi￿g mattel's wheiE die Conipanies A¢t 2006 l'eqiiii'es us lo report to you
if, in our opinion:
adequals accountino i'ecoids hAv¢ not been kept or i'ettji'ns adequate foi. oui. audit have not been received fioin
br&nclies not visited by ui. or
tlie financial statements are not in a￿lement witli th¢ accounting record5 aiid reluims. or
c¢i'tain disclosur¢s of trustees, reniuneration spe¢ified by law ar¢ iiot made. oi,
we Iiave not received all the infoi'mation and expl8nAtions we iEquiir foi. our audit,
Re8ponsiblllti¢s of ti'ustees
As explained more fiilly in th¢ Trustees, Responsibilities Statement, tlie tI￿Stee$ (who aLe also the directo13 of tlie
chai'itable coinpany foi. tl)¢ pui'poses of ¢oknpony Idw) aye I'esponsibEe for the preparation of tlie financial statements and
for b¢ii)g satisfied that tl)ey give a bve and faiv vi¢w, and foi. sucli inlernal ¢oiitrol as th¢ trustees determille is necessary
to enable the prepai'ation of financial statements that gl'e fr¢¢ froin mat¢rial Inisst&teinent. wlietl)er due to fi'aud or eri'or,
In prepAving the finai)cial slat¢ments, the tYuslee$ al'e I'espoi)sible foi. asgessing the chAritablc company's ability to
ntinue as a going conceyn, dis¢losin& as applicable, m&ttei's related to going coii¢ei'n and using tlie going COn¢￿'n
basis of ac¢ountirtg un5¢ss the ts'uste¢s either intend to liquidate the chai'itabl¢ company oi. ¢0 cease opei'ations, or have
no realistic alternative but to do so.

REPORT ofi THE INDEPENDllNT AUDITORS TO THIL TRUSTEI ES AND MEMBKRS OF
SPRINGFIELD CHARITABLE ASSOCIATION
LIMITED
Our I'esponsibilities foi. tlie audlt of the finAnclAI stAteinentS
Oui, objectives al'e to obtain ieasonable assuiance about wh¢ihei' the finaiicial slatemenls as a whole are fi'ee from
niale¥ial misslalenient, wl)¢thei' due to fi'aud or ei'iDI', wid lo Issue a Repott of the llldepend¢nt Auditois Il)&t includes oui
opinion. Reasonable assuyance is a high level of assurance, but is not a gua12ntee that an 8udit conducted in accoi'daiice
witl) ISAS (UIC) will always dele¢l a nialei'ial misslateinertt when it exists. Misslalements can 8Yise fiYJiii fi'aud oi. ei'iDr
Athd ore consideird niaterial if, individullly oi. in the aggi'eg8t¢, tliey Could i'eason&bly b¢ expected to ii)flueiice Ilie
¢conomi¢ decisions of users tsken OA the basis of diese firtancial slatein¢nl9.
Th¢ extent to wliicli our pTrxedure5 are capable of delectii?g Iri'egularities, ii)cludit)g fraud is detailed below..
Ovr approacli to identifying and assessing the I'isks of n)atei'ial Inisstatement in respect of irregularities, includii)g fi?ud
and non-conipliance with laws and regulations, was as follows:
the engagement paitnei. ensui'ed tli8t th¢ en888¢ment t¢￿tt collectively had tlie appropriate competence, capabilities
and skills to identify or recognis¢ nOn￿o￿p1[ar1¢e wlth applicable laws arAd i?gulalion&'
owe fftdenlified th¢ l&ws and I'egulations applicable to the chai'ity through discussiotts with trustees and othei.
manag¢inenL and froin oui. commer¢i81 t(nowledge and experience of the computer ¢ompottent Inanufactui'ing and
supply sector.
we fo¢used on spe¢ifie1ow8 Hiid regulatio1￿ whicli we considei'ed may have a diiect material effect ort the finan¢ig1
statetnents or ti)e operations of the charity, Including the Chai'itles A¢t (Northei'rt Ii¢land) 2008, taxation legislation and
dats prote¢tion, anli-bi'iberyj eniployinenl, ¢nviroiiinental and Iiealth and safety legislaliott,
we assessed the extent of ¢ompliance with th¢ laivs and iegulations identified abov¢ iliiDugh making eiiquiries of
management and inspecting legal correspondenc4 ond
identified laws and Irgulalions weve comiiiunicated within the audit teani regulai'ly and the teaTn reEnain¢d alert to
inststtces of non-¢ompliaiice througliout Ilie audit.
We assessed tl)¢ $ll￿eptibility of the chai'ity's fin￿1¢181 stslernents to Inaterial misslatemeiiL including obtaining an
und￿'St￿nding of liow fi7ud might occur, by:
making enquiiA¢s of mgttag¢inent 8S to whei'e they Consid￿ed tkei'e was siweptibility to fi•ud, their knowledge of
actual, suspected and alleged fl'aud. and
consideL'iTtg tlie inteillai wntrols in place to initigate iisks of frBud and non-coinpliance with IAWS and
regulations.
To address the risk of fi*ud thifjugk Manag￿llent bi85 and Override of ¢ontsDls, we;
performed analytical procedures to iderttify any unusual or unexpected relationships,
tested journal enl¥ies to identify unusual Iiansa¢ti0114
assessed whether judgeiments and assumptions i)iade in detei'niining t]ie accounting estlmates set out In tlle note$ wer¢
indicative of potential bias. and
investigated tjie rationale behind sigDifAcanl 01- unusual traiisaclions.
In respotlse to the I'isk of iiT¢gulaiities attd non-¢oinpliarTrce with laws and regulations, we degiw)ed piDcedu¥es wliicl)
included, bul were iiot limitcd to:
agi'eeing finan¢i81 statetnent disclosures to iindei'lying 5UPPOlting doeutnentatio
i'eaditig the miniites of meetings of tl)os¢ ¢hwEed willi gov¢rnan¢e' and
¢nqiiiiThg of management as lo actual and potential litigation and claims.
There ai% inlieitAI limitations in our audit pi'ocedure$ described above. Tlie mor¢ IEmoved that laws and regulations al'e
froin financial tt'wisa¢tions, the less likely it is tl)at we would becom¢ awair of non-¢omplian¢e. Auditing staodards also
liniit the audit proeeduies requiird lo identify non-cojnpliance with laws and i'egul&tion$ to enquiry of the directors And
other m8nagem¢nt and the it￿pectIon of iEgulAtory artd legal coiiesponden¢e, if any.
Matei'ial misstatements that alis¢ due to fi?ud con be hardei. to detect thAii those Iliat arise froni eiYoi- as tliey niay involve
deliberate wneealment or collusion.
A ￿ltIler des¢riplion of our iesponsibililies for the audit of tlie finai)cial stateinenls ts located on tlie Financial Repoiting
Council's website at www.fi'¢.org.uklauditoistespoDsibilitics. This description foi'ms pai'l of our Repoi't of the
Independent Auditors.

REPORT OF THE INDEI PILNDfNT AUDITORS TO THE TRUSTEES AND MCI MBERS OF
SPRINGFILI LD CHARITABLE ASSOCIATION
LIMITEI D
Use oloui. repoi't
This I'epoit is made solely to the Gharilable company's inertibei's, as a body, in &c¢oThlaii¢¢ witli Chaptei. 3 of Pait 16 of
the Companies A¢t 2006. Oui. audit woill has been undei'taken so that we Inight state to the cl)fti'itabl¢ compaiiy's
members Iliose ii)att¢rs we al'e i'¢quiied lo slate to theii) in aft auditoi's, report and foi. no otiier pui'pose. To tli¢ fijllesl
exltnl pei'mitted by law, Iv¢ do not accept or assume I'esponslbility to ?i?yone ot11￿. thali the cliaritable ¢oJllpany and the
cliaiilable coihpany's menibei's 88 a body, for oui. audit woi'k, for this ￿port, OL foi. the opinion8 we have fo¥nied.
Malachy
Izd
Seni
for and on b
alf ofM.B.
Cliaiteird Accoiirtlfints
St&tutory Auditoi's
RatliinoiE House
52 St Pali'icks Av¢nue
Downpatrick
Co. Down
BT30 6DS
tuloiy Auditor)
'ady & Co
9th January 2026

SPRINGFIELD CHAIUTABLfi ASSOCIATION
LIMITKD
STATCI MLNT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31sr iVlARCH 2025
2025
TotRI
fuiids
2024
TotAI
funds
Uni'esti'leted Restt'icted
nd
fuiidg
Note¥
INCOME AND ENDOWMENTS FROM
Donalioiis and legacies
309,264
166,886
476,150
374,442
ChRI'it8ble Actlyitie$
Charitfible activities
84,322
84,322
96,584
Other iiieonie
75,000
75,000
Total
468,586
166,886
635,471
471,026
EXPENDITURE ON
Raisitt£ fvnds
455,030
166,886
621.916
586.910
Cliai'itAble Actlvities
Cliarilable activities
5,040
S,040
4,800
Tot81
460,070
166,886
626,956
591,710
NET INCOMEI(EXPKNDrruRE)
8,516
8,S16
(120,684)
RECONCILIATION OF FUNDS
Total ￿ndS brought eorw81d
I,OS3,720
1,053,720
1,174,404
TOTAL FUNDS CARIUED FORWARD
1,062,236
1,062,236
1,053,720
The iiotes foi'm part of these fiiianeial slatemertts
10

SPRINGFllI LD CHARITABLE ASSOCIATION
LIMITED
STATEM￿1 NT OF FINANCIAL POSITION
31ST MARCH 2025
2015
Total
funds
2024
TotAI
flliids
Uni'estricted
fund
Resti'l¢ted
fuiids
Note5
FIXED ASSETS
Taiigible assets
1,335,968
IP35,968
1,368.553
CURRENT ASSETS
Stoeks
Debtors
C8sh at bank
12
13
701
8,812
25,957
701
8,812
25,957
701
11.616
27,423
35,470
35,470
39,740
CILEDITORS
An)ounls falling due within one year
14
(303,916)
(303,916)
(338,912)
NET CURRENf ASSETS
(268,446)
(268,446)
(299,172)
TOTAL ASSETS LESS CURRKNT
LIABILITIES
1,067,522
1,067,522
1,069,381
CREDITORS
Amounts f&lling due &ftei' mol'e than one year
15
(5386)
(&286)
(15,661)
NET ASSETS
1,062,236
1,062,236
1,053.720
FUNDS
Um'¢sliicted fijnds
17
1,062,236
1,053,720
TOTAL FUNDS
1,062,236
1,053,720
The financial st&tements were approved by the Boai'd of Trustees and ttuthoi'ised foi. issue on 8th January 2026 8nd were
signed on its b¢half by:
,.knos5LK
V Davidson- Ti'ustee
Sween¢y- Trustee
The iiotes forni part of these fiiiai)cial stslements

SPRINGFIEI LD CHARITABLE ASSOCIATION
LIMITED
STATEMENT OF CASH fiLOWS
FOR THII YJIAR EINDED 31ST MARCH 2025
2025
2024
Note
Cash floiys from opei'atlng aetlvlties
Casli generated fiDm op¢ration8
Jnteirst paid
2,842
(1,190)
(74,186)
(1,449)
Net cash provided byl(us¢d in) operating activities
1,652
(75,635)
Cash flojvs fi'om Investlttg Aetlvltles
Sale of taiigible fixed assets
7,001
1.800
Net cash provided by investing activities
7,001
1,800
Cssh floivs fi'om fln2nclng actlvltles
Capital i'epayinents in year
(10,119)
(9,870)
Net Casli used In financing aotivities
(10,119)
(9,870)
Chinge In cash and cash equivalents in
tlie i'epoi'ting pei'iod
Casli Aiid cAsh equivalents at the
beginnlng of the i*porting pei'iod
(1,460
{83,705)
27,423
111,128
C%sli And cash equival¢nts At the eiid of
the itpoi'ilng pet'lod
25,957
27,423
The notes fonn pai't of tliese financial stateinents
12

SPRINGFIELD CHAtUTABLE* ASSOCIATION
LIMITED
NOTtI S TO THE STATCMLI NT OF CASH f¢LOWS
FOR THE YEAR ENDED 31ST MARCH 2025
RECONCILtATION OF NET INCOMII(KXPEI NDITUREI ) TO NET CASH FLOW FROM
OPERATING ACTIVITIE¢ S
2025
2024
Net Incomel(expenditui'e) foi, the i'epoi'tlng pti'iod (4s pei. the
StRteinent of Fln8ncial Activities)
Adjustments foi.:
Depi'eciation ¢harge8
Profit on disposal of fixed assets
Int¢i'est paid
De¢i'ease in d¢btors
(Decrease)lincre8$e in ci'editoi's
8,516
(120.684)
31,042
(398)
1,190
2,804
(40,312)
33,895
(1,800)
1,449
10,787
2,167
Net efisli pt'ovlded byl(wed In) oper8tlons
2,842
(74,186)
ANALYSIS OF CHANGES IN NET FUNDS
At l14n4
Cash flow
At 3113ns
Net C2811
C&sh at bonk
27,423
(1,466)
25,957
27,423
{1,460
25,957
Debt
D¢bts falling due withln fi year
Debts falling due aft￿. l yeay
{10.119)
(15,661)
(256)
10,375
(10.375)
(5,286)
(25,780)
10,119
(15,66J)
TotAI
1,643
8,653
10,296
Tlie notes ft*l'ffl Pal't of these finaii¢i81 slatelnents
13

SPRINcfi IEI LD CHARITABLK ASSOCIATION
LJf%llTED
NOTES TO TH￿ FINANCIAL STATEME¢ NTS
IOR THE YEAR ENDED 31ST MARCH 202S
ACCOUNTING POLICIES
BASIS of pi'epAI'ing the fin2nci#l st%tements
Tlie financial slalen)enls of the chai'itable coiiipany, which is & public benefit entity ui)d¢i' FRS 102, have beeii
pi'epared in ateordance with th¢ Charities SOFTr (FRS 102) 'Ac¢ourkling aiid Reporting by Chai'ities,. Stalemertt
of Reconimend¢d Pi'a¢tic¢ applicable lo charities prepai'ing Ilieir aceoullts irt accovdance with the Financial
Reporting Standard applieable in Il)e Utl and Republic of tr¢laiid (FRS 102) (effective l January 20I9}',
Financial Reportlll8 Standard 102 Ylie Financial Reporting Siatidard applicable in the UK and Republic of
Iveland, and tl)e Companies Act 2006. Th¢ fii)an¢ial slatenients have beeii pi'epared urtdei. the liistoi'ical cost
convention.
Ci'itieRI fiecounting judgements And l(ey soui'ces of estlmlltion uncei'tainty
Estimates and judgeni¢nls al'e continually evaluated and are based on liislorical expei'ien¢e and oihei, factoi's,
including exp¢ctations of futtir¢ ¢v¢nls tliat are believed to be reasonable under ti)e ciiriimstances. The ai81'Aty
makes estimates and assumpliotts concerning the futui'¢. The resulting accounting estimates ond assumptions will,
by definitiott. seldom equal the itlaled ?¢tual i'esults.
No judgements (apait from those involving esli1￿ates) have been Inade in the process of applying th¢ Bbove
a¢¢ounting policies.
The key assumptions concerning the futui'e and Icey soui'ces of estiniation of uncertainty at the reporling dale that
liave a significant 118k of Causing a matei'iat adjustment to the oarrying Amounts of assets and liabilities wit]iin Ihe
next financial year include:
4¢sliination of tlie useful economic life of buildings, furnitsre gild office equipiiieiit. IT equipnient;
Income
All Income IB I'ecognised In the Statsment of Finon¢ial Activities onc¢ the ch￿'￿ty entitlement to tile funds, it
is pIDbable tliat Ilie incoine will be IE¢eived and the amount ¢an b¢ measured reliobly.
Expendltui'e
Liabilities are re¢ognised as expeiidilure as soon 0$ tl)ere is A le881 oi. ¢onstructive obligation committiiig the
Charity lo that expelid1tu￿ it ts probable tliat a it*n$fei' of eeonomic benefits will be i¢quii'ed in settlement and
the Flinount of the obligation caTr be measwed reliably. Expendlture is accounted for on an aeei'uals basis and has
b¢en ¢lossified undei, headings that aggre8ate All ¢ost i'elated kn th¢ ¢ategory. Wliei'e eosts ¢atthot be dii'ectly
atti'ibuted to parti¢ular l)eading3 they bave been allo¢aled to activities on a basis consistent with the use of
iesoui'¢e5.
T*ngible fixed Assets
Depre¢ialion is provided al tlie followiiig annual rdÉ¢s in ol'der to writ¢ off e3ch asset over its esliinated use￿1
life.
Slioit leaseliold
Plant and machineiy
FixlLires and fittings
Moloi. Yeliicles
2% on cost
25Oh on i'edu¢ing balance
25L/lo on i'educillg balan¢¢
25010 on i'¢du¢ing balance
Stoel(s
Stocks are valued al the lower of cost and net Italisabl¢ value, aftei, nipking due allowance foi. obsolete and slow
nioving items.
Taxation
The Ch￿.1ty is exempt froiii corpoi'atioii tax on its ¢harilable activities.
14
coi)tinued...

SPRINGFllli LD CHARITABLE ASSOCIATION
LIMITED
OTES TO THE FINANCIAL STATJLMENTS- contliiued
FOR THE YLAR ENDED 31ST MARCH 2025
ACCOUNTING POLICIES- coiitinued
Fund ptcounting
Uiu'esti'ieled funds can be used in accordance witli the cli81'itabl¢ obje¢¢ives at the disci'etion of the bustees.
Resli'icted fviads can only be used for pai'liculai. restricted pui'poseg within di¢ objects of the ¢liaiity. Restvietions
alis¢ wl)en specified by the donor ov wlieii fitnds al'e i?ised foi. particulai- resti'icted puiposes.
Fuitliei, explanation of llie natui'e and purpose of eY4clI fjjnd is included In the DOte$ lo tli¢ fiiJancial stateinents.
Hlj'e pui'eliase find leaslng eommitmeiits
Rentals paid undej. op¢i'atirtg leases are ch81.ged to tlie Statement of Financiol A¢tiv&ties on a sli'aight lin¢ basis
over the p¢riod of tile lease.
Penslon Costs and othei. post-retirement benefits
The charitable company operates a defined oonti'ibution pension sclieme, Conlvibution5 payable to the charitable
cofftpaiiy's pension scheme are cliai'g¢d to th¢ Slalement of Financi￿ Activities in the period to whith they I'elale.
Going Concern
The ¢liai'ity is pr¢dicling its incom¢ irt the fothcoinillg year will irm8in signifjcantly below expei)diture. The
charity is foir¢asling that irt th¢ eoming financial year it will irquire financial suppoit. Anti¢ipating this need it
has sought and irceived assui'ances fi'om its related chai'itttble party. Spvingfield Charilable Developments
Limited that when d¢ficit fvildi￿O is Irquii'ed it will be made available to the chai'Aty.
DONATIONS AND LKGACIES
2025
2024
Donations
Grants
149,639
326,511
73,042
301.400
476,15()
374,442
Gi'ants received, included in tl)¢ above, are as follows..
2025
2024
B¢lfast City Council
BHscr
Advice Nt
BLO
Doi'mant &¢¢ounts fvnd
Community Foiindation gi'ant
Small grants ifteome
Developing healthy ¢ommuftitie5
76,6n
166,886
4,000
37,814
33,394
6,270
1,475
65,837
156,418
4,000
37.436
32,759
990
3,960
326,511
301,400
15
continued,..

SPRINGfi IELD CHARITABLE ASSOCIATION
LIMITKD
NOTES TO THI FINANCIAL sfATEf¥lEI NTS- contiiiiied
FOR THE YEAR ENDED 31ST MARCH 2025
INCOME fi ROM CHARITABLK ACTIVITIES
2025
2024
Activity
Charitable activities
Chai'itable activities
Chai'ilable a¢tivilies
Sliop In¢oine
Other in¢ome
Day Cenli'e incoine
14,948
46,284
23,090
44,146
38,901
13,537
84022
96.584
OTHER INCOME
2025
2024
Related pai'ty108n wi'iÈe down
75,0110
CHARITABLE ACTivrrIES cosrs
Suppoi't
eosts (see
note 6)
Charitable activities
S,040
SUPPORT COSTS
Govei'n8Doe
costs
Chai'itable activities
5,040
NET INCOMEI(EXPENDITURE)
Net incomd{expenditui'e) is stated aftei. cllargingl(￿'ed1tIng):
2035
2024
Auditors, i'emun¢i'ation
DepiEciation- owned assets
Stsff IraiDlI)g
Genei'al expenses
Surplu8 oil disposal of fixed assets
S,040
31,042
780
1,567
(398)
4,800
33,895
1,567
(1,800)
10
coiilinLied...

SPRINGfi IELD CHARITABLE ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMEI NTS- contiilued
FOR THK YEAR KNDLD 31ST MARCH 2025
TRUSTKESI REMUNJ£RATION AND BXNEI FITS
There were iio liustees, I'eniunei'alion or oth¢i benefits foi. the year elided 3 1st Mai'ch 2025 noi. foi. llie year ended
3 1st Morch 2024.
Ti'ust¢e$' expenses
Irustees, expenses pdid for the yeai. ended 31st March 2025 nor foi. Ilie year ended
Tliere were no
31st Mar¢h 2024.
STAFF COSTS
2025
2024
360,802
22,807
14,658
Wages and salaries
Social 5e¢w'ity costs
Oth¢i' pension costs
402,616
24209
IS,438
442273
398,267
The avei*ge monthly number of employees during the ye8r was as follows:
2025
2024
AdininÉstration
Cai'ing & Advising
Ch8Lltable
13
13
17
17
No employees received emolunients in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIKS
Uni'estslcted
fuiid
io.
Resti'l¢ted
fuiids
Tol81
tbnds
INCOME AND ENDOWMENTS FROM
Donalions #Dd legacies
374,442
218,024
156,418
Chai.ItAble Aedvitle8
Cli￿.1t86le ac¢ivitie$
96,584
96,584
3 I4,608
156,418
471,026
Total
EXPLNDITURE ON
Raising fvnds
430,492
156,418
586,910
CIIAI'ltable Actlvities
Ch4Yilabl¢ activities
4,800
4,800
435292
156,418
591.710
Total
NET INCOMEI(KXPENDITURE)
(120,684)
{120,684)
17
Colltinued...

SPRINGFIKLD CHARITABLE ASSOCIATION
LIMITED
NOTII S TO THC FINANCIAL STATEMEI NTS - coiitliiued
FOR THE YCI AR ENDED31ST MARCH 2025
Jo.
COMPARATIVES FOR THK STATEfvtENT OF FINANCIAL AcfiviTIES - continued
Uni'esti'lcted Resti'icted
fund
funds
Total
fuiid5
RECONCILIATION OF FUNDS
Total fimds biDvght forward
1,174.404
1,174,404
TOTAL FUNDS CARRIED FORWARD
1,053,720
1,053,720
ii.
TANGIBLE FIXED ASSETS
Flxtui'es
and
ritting8
Shoi't
leAsehold
Plant And
macitln¢ry
Motoi.
vehlcles
Totals
COST
At 1st April 2024
Additions
Disposals
1,439,040
5,060
126,277
42,396
46,765
1,654,478
5,06
(13,415)
(13,415)
At 3 Ist Mairh 2025
1,444,100
126,277
42,396
33,350
1,646,123
DKPRni CIATION
At 1st April 2024
Cl)ai'ge foi, yepAI'
Eliminated oil disposal
86,137
28,781
125,603
168
36,944
1,363
37,241
730
(6,812)
285.925
31,042
(6,812)
At 3 1st 2025
114,918
125,771
38,307
31,159
310,155
NETBOOKVALUE
At 3 Lst March 2025
1,329,182
506
4,089
2,191
1,335,968
At 318t Mairh 2024
1,352,903
674
5,452
9,524
,368,553
12. STOCI<S
2025
2024
Stocks
701
701
18
iitinLied.

SPRINGFIELD CHARITABLEI ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contiiiued
FOR THE YEAR ENDEI D 31ST MARCH 2025
13.
DEI BTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
other debtors
VAT
Prepayments and accrued i11￿1￿C
3,715
4,390
1,700
5,526
5,097
,8L2
11,616
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2015
2024
Bankloons and overdi'aftg (see iiole 16)
So¢i&l se¢urity 8nd oth¢i' taxes
Pension ci'editoi.
10,375
7,207
4,089
5,043
229,525
47,677
10,119
14
2.418
VAT
oihth. oredilors
Ac¢rugls and def¢rred income
304,525
21,836
303,916
338,912
Is.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
21J25
2024
Bank loans (see note 16)
5,286
15.661
16.
LOANS
An analysis of th¢ inaturity of loans is given below:
2025
2024
Amounts falling du¢ within one year on demand.,
Ban1( loans
10,375
10,119
Ainounts f&15it)g du¢ betw¢¢n iwo and five yeatB'.
Ban1( loans- 2-5 yeai's
5286
IS,661
19
coi)tiniied...

SPRINGFIELD CHARITABLE ASSOCIATION
LIMITED
NOTES TO THE fiINANCIAL sfATEMENTS- contiiiued
FOR THL YLI AR ENDED 31ST MARCH 2025
17.
MOVEMEI NT IN FUNDS
Net
Inovemeiit
An funds
At
3113n5
At 114n4
Uni'estrleted fund8
Geneial fviid
1,053,720
8,516
1,062,230
TOTAL FUNDS
1,053,720
8,S16
1,062,236
Net movement in ljnds, ii)clllded in Il)e above al'e as follows:
Incoillliig
resoui'ces
Resoui'ces
expended
Movement
in funds
Uni'esti'icted funds
General fund
468,586
(460,070)
8,516
Resti4eted fund8
BHSCT
166,886
(166,886)
TOTAL FUNDS
635,472
(626,956)
8,516
Compiratlves for movement In fund8
Net
movement
In funds
At
3113124
At 114n3
Uni'esti'icted fund$
Generat fund
1,174,404
(120,684)
I,053,720
TOTAL FUNDS
1,174,404
(120,684)
1,053,720
20
coiitinued..,

SPRINGFIELD CHAIUTABLE ASSOCIATION
LIMITKD
NOTES TO THE FINANCIAL STAT￿4 MCI NTS- contli)ued
FOR THE YEAR KNDCI D 31sr MARCH 2025
17.
MOVEMEIIT IN FUNDS- contlnued
Coniparetive iiel movenient in funds, included ii) the above al'e as follows..
Iiicomlng
resoui'ces
Resoui'eeg
expeiided
Moveiiient
in funds
Unrestricted fllnds
Gen￿.￿1 fund
314,608
(435,292)
(120,684)
Resti'icted funds
BHscr
156,418
(156,418)
TOTAL FUNDS
471,026
(591,710)
(I20.684)
A cw'rent year 12 montlis and prior year 12 1)ionilis ¢onibined position is as follows.,
Net
movement
in fund$
At
3113115
t 114123
Uni'estrlcted funds
Gen¢i'al fund
1.174,404
(112,168)
1,062.236
TOTAL FUNDS
1,174,404
(Il2,168)
1,062,236
A cui'rent ye8r 12 moi)Ilis and prioi. year 12 montl)s combined net moveinent in fvnds, inoluded in tl)e above Are
as follows:
ntomlng
I'esoui'ces
Resoui'ces
expended
Movement
in funds
Uni'esti'ieted fuiid$
General fund
783,194
{895,362)
(112,168)
Resti'icted funds
BHSCT
323,304
(323,304)
TOTAL FUNDS
1,106,498
(1,218.666)
(112,168)
21
continued...

SPRINGFIELD CHAIUTABLE ASSOCIATION
LIMITED
NOTII S TO THE FINANCIAL STATEMENTS- ¢ontlnued
FOR THE YEAR ENDED 31ST MARCH 2025
18.
CONTINGENT LIABILITIES
The chaKity receives gimtit income fron) various fiJJiding bodies. These gi3tits air subject lo various Conditions
and the charity I'¢¢ognis¢s A contingent liability to repay tliese ￿'antS slioiild these condilioi)s not be rtiet.
l9.
RELATED PARTY DISCLOSURES
The ¢hatity is connected to Il)e charitable coinpany Spi'ingfield Chai'itAble De￿lopments Ltd (SCD) FIDd diaies
coiiimon directoi's, as sucli it is Ii'eated as a I'¢lated paity iyith saii)e.
At tlie year end Spi'ingfield Charitable
Association Lid owes the SCD chai'ity £229.525 following a writedown of £75,000 on tl)e loan, Spi'ingfield
Chai'itabl¢ Asso¢iation Ltd 0￿upleS propeity owned by SCD artd paid Irnt tolallin8 £30,960 in the ye81'.Dui'iiig
die year SCD made a donation to the SCA of £149,000.
Subsequeat to the year ènd Springfield Cli￿.[table Developments Ltd Irds Jnade donations to the chai'ity tt)
provide deficit fijnding support.
22