SPRINGfilELD CHARITABLE DEvELOPJ4IE￿rS
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 Con￿11S$l￿n on 5th Novcn]bu" 2015.
OBJECTIVES AND ACTII4TtLs
Objcctlv¢J and actlYltRcs
Tl)e princtpal activity and objective of the company continued to be the ￿'0vISion of retail, office and daycare premises
to cl)aritable orEanisations in particular io SprinRfield ChaEitable Asgociatioo Lid. a r¢lal¢d Cl￿ritable con)pany wlth
coinmon diirctorsltsuslees.
Publle beneflt
Tlie Tntslccs of Springfield Charttable Developn￿nt have fully (wlied with the public benefit requirell￿nts as set out
in tlie Cknatity comn￿$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 tI￿n 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.
F￿ANc￿L REv￿w
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 CoMp￿y. 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 1￿CeSSary 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 d￿ri￿$ headquarters at Cw)ar St￿t in Belfast tlie charity will continue to look to
dev¢lop and strengthen its con)Miln￿￿t to the local collwwnity through ils own charitable objectives and die pi'ovision
of factlities for other chaiities lo provide prOgran￿eS 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 ts￿slee5 seek to e￿sll￿ that these ne£ds are appToprial¢ly reflected tlu'ough the
diY¢rsily of the trustee body. To en]ianc¢ tlie potcntsal pool. I￿￿teeS 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 lh￿nSe1v¢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 AVe￿￿E
Downpatrick
Co. fjnwn
BT30 6DS
Ballliers
Bai& of Ireland
202 And￿r￿￿&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