SPRINGfilELD CHARITABLE DEvELOPJ4IErS Repoi't of tlie Trustees roR THE YEAR ENDED 31 MARCH 21124 Spiingfield Charitable Developments Ltd is a compary limited by guarnnlee which was incorporated on 6th October 2004. The coiJ)pllny was I'egistered WAth thc Nl Charity Con11S$ln on 5th Novcn]bu" 2015. OBJECTIVES AND ACTII4TtLs Objcctlv¢J and actlYltRcs Tl)e princtpal activity and objective of the company continued to be the '0vISion of retail, office and daycare premises to cl)aritable orEanisations in particular io SprinRfield ChaEitable Asgociatioo Lid. a r¢lal¢d Clritable con)pany wlth coinmon diirctorsltsuslees. Publle beneflt Tlie Tntslccs of Springfield Charttable Developnnt have fully (wlied with the public benefit requirellnts as set out in tlie Cknatity comn$s1Oll forNortliern Irel8nd'8 slakntnry gEFidAnce. nn piihlie hrmp.fit. Spi'ingfield Cbarilablc D¢velopmenl alti to improve the qualityof life for the Inhabitants ofthe Springfield area. This is achieved through th¢ a¢quisition, developnient, and maintenance of pmperty in the local area. Properties Are tIn let to olhei. charitable org8lliS&tions (o hdp pmmole their ain. ACHIEVEMENT AND PERFORMANCE Achlevements and performAnee Thei'¢ iveir no acqulsilions or disposals of property in the year 2023-2024 Ttsulting in unchangrd closing valuc5 as pr¢5ettled in the Annual Accowits. This is line with our strdtegiG plan to dtscontinue any firfier inveslmeiit activity al Iliis timc. Thc usc of invcslmcrtt pi4)trty 6Dd &550fiat¢d rcnfal &nconie lias play¢d a siraloxiL p.{ iIi ilic pasi fui rthering the chai'itable of Springfield Charitsble Association LTD (SCA). a related chai'itable party, with coinrtjon tru5tee& In makill this con)o)itment the Trustees of SCD recogui5e their responsibility to protect tl)c butlt awts which are an inte.a1 Clement irt the delivay of SCA¥ charktable 8¢Thices, and as such will Conduct relevant reviews 2nd analysis of their in4)act on an on-going basis. FANcL REvw FÉngnci#l ptTr%itinn The cbarity's fmancial perfomiallee is reviewed on a thlY basis by rbe board. The charity also an indepeiident ex&miDation peiformed by ao extemAI chgrtered aceountant. The level of clwitable income for the year under review tolalled £44,569 compated to the coinparative financial year of £52,026. The charity made a donatioTh of £73.000 to Springfie]d Charstable AssociatioEL Ltd, a related party charitable CoMpy. Net Asscts totslled £1,163,659 at d)e year end, this 18 down from the weviouB year of £1,193,635 Reserves policy The trustccs i'ecognise thll l it is 1CeSSary lo hold reserves in ol'der to offset the effects of flllcttiation in fiJ¢ure inconiing resources. To this end the charÉty atjn Éo hold fr¢e reserves whicb equate to 3 10 6 months operating costs. rirruRE PLANS Folloivinp the developnKnt of the dri$ headquarters at Cw)ar Stt in Belfast tlie charity will continue to look to dev¢lop and strengthen its con)Milnt to the local collwwnity through ils own charitable objectives and die pi'ovision of factlities for other chaiities lo provide prOgraneS of support to tlie unemployed alld elderly ivithlll the area. STRUCTURE, GOVERNANCE AM) MANAGEMENT Govei'ning doeuni¢nt Tlie chatity is controlled by its governing document. a deed of trust, and constithles 8 limited ¢ompany? limited by guarantee. as defined by the COM[11e5 Act 2006. Reei'ufitment and appointrnent of new trustees Due to thc rtaturc of th¢ wotk the tsslee5 seek to esll that these ne£ds are appToprial¢ly reflected tlu'ough the diY¢rsily of the trustee body. To en]ianc¢ tlie potcntsal pool. IteeS are requested to provide a list of tlieir skills (Bnd update it cach year) aE]d in the event of particular skills jacki or b¢1 lost due to iTtiremenL individuals approached lo off¢r lhnSe1v¢S for elcction.
SPRINGFIELD CHARITABLE DEVELOPTrIENTS LIMITED Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 REFEREI NCE AND ADMINISTRATIVE DETAILS Registered Company nuimber N1051952 (Northern Irellc nd) Registered Cliai'ity numbey L03193 Regi8lorod oftlce 27 Clollard Crescent Belfast Co. Anlrim BT13 2QN Trustees V Davidson C Canavan (rasigned 271612024) M Flynn (Tesigned 114r2023) Jo}Ston T ICeinagha]) (resigned 1611112023) B Mc.fJi*lh J Siveeney C Rodtrers G Kelly (appointed 131612023) A McCI'a¢ken (appointed 8r212024) Company Secyetary J SiveeDey Independent Examiner M.B.McGrady & Co Chllrtei'ed Accountants Ratlunore House 52 St Patrlcks AVeE Downpatrick Co. fjnwn BT30 6DS Ballliers Bai& of Ireland 202 Andr&tOwn Road Belfast BTI 19EB Soli¢itor8 Fcrgusoii & Co Causeway Tower 9 James Street South Belfast BT2 8DN Api)mved by order of thc board of ttustees on 4 0¢ber 2024 And siglled on its behalf by.
SPRINGI,'IELD CHARITABLE DEVELOPNIENTS LTMITED Repoi't uf the Ti'ustees FOR THE YEAR ENDED 31 MARCH 2024 V*vart- V Davidson- Trustee