REGISTEREI D COMPANY NUMBEI R: N1051952 (Noi'thei'n li'elAnd)
REIGISTEIRED CHARITY NUMBLI R: k03193
REPORT OF THE TRUSTEES AND
UNAUDITED FJNANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025
FOR
SPRINGFIELD CHARITABLE DEVELOPMXNTS
LIMITED
M.B.M¢Grady & Co
Cliaitered A¢countants
Rathiiioi'e Hous¢
52 St Pati'icks Avenue
Downpali'i¢k
Co. Down
BT30 6DS

SPRINCFIJILD CHARITABLE DEVEI LOPMENTS
LIMITED
CONTII NTS OF THE FINANCIAL sfATEtYlENTS
FOR THE YEI AR ENDED 31ST MARCH 2025
Page
Repoi't of the Ti'u5tee5
I to 3
Indtpeiident Ex#mineJ' 5 Repoi,t
St&tem¢nt (If Ffnan¢fftal Actlvltles
BAIAnee Slieet
Notes to the Flnancl21 St8tements
8 to 13

SPRINGFIELD CHARITABLE DEI VCI LOPMENTS
LIMITED
REPORT OF THE TRUSTECS
FOR THL YEAR ENDED 3Asf MARCH 2025
Spi'ingfield Charitable Developtnenls Ltd is a ¢omp8ny liiniled by 8￿￿'antee which was incorpoi'ated on 6th October
2004, The company was registered with the Nt Chai'ity Cointhission on 5th Novembei, 2015.
OBJECTIVES AND ACTIVITIES
Obje¢tlves and actLVlties
Tl)¢ pi'incipal activity aiid objective of Ike conip8Ny continued to be the provisioft of I'etsil, office and daycare pi'emi8es
to eliaritable oiganisations in paL*i¢ulw' to Springfield al￿.11&ble Association Ltd, 8 related chai'ilable company with
common dii'ectoi'slts'uslee5.
Publle benellt
Tlie Trustees of Spinngfield Cllai'itsble DevelopinertÉ hav¢ ￿1]Y ¢ompSied willi Il)e publi¢ benefit requii'einents os set out
in 11)e C5iarity Commisslon for Noi'iliern li'eland's sla¢utoiy guidance on public benefit.
Spiingfield Chai'ilable Dev¢lopinent aiins to improve the quality of life for the inh8bitanls of the Springfield area. Tliis is
acliieved thi.ou￿ die acquisltion, development, and maintenance of pi'operty in tlie looal area. NDperties are tlien let to
othei. cliai'itable oi'ganis&tions to fyitbei. help promot¢ theii. aims.
ACHIEVKMENTS AND PEBSORMANCE
Aclilevements and pei'foi'm*nce
Ther¢ wei'e no acquisitions or disposals of propeity ITh th¢ yeai. 2024-2025, Tliis is in line with ow. strategic plan to
discontiniie arty furtlier investment a¢tÉvity 8t this time. The iise of investnient PlDpeLty and asso¢iated I'enlal incoin¢ lths
played a strategic part tli¢ p8St ftii. fiwihering tlle ¢harilable aims of Spi'iAgfield Ch8ril#ble Association LTD (SCA),
I'elated ¢hw'itable paity, Wlth comiiion tsijslees. In making Ihls ¢ommitmenl the Ti'ustee5 of SCD I'¢￿gniSe their
Irsponsibility to pix)te¢t the built assets wliioli are inte￿.a[ eleinent in the delivery of SCA'S Charitable services, and as
sucli will coThduct relevant reviews and analysis of their impact on an on-going b4sis.
FINANCIAL REVIEW
Flnancial position
Tlie chai'itys fii)ancial perfoi'niaiice is I'eviewed on a 11)ontl)ly basis by the boaid. The Chw'ity 81s0 has an independent
examination pei'formed by ali external chaitei'ed ac¢ounlant. The level of charitable income foi- the yeai. under review
totalled £42 792 compared lo the compat7tive fiiiancial year of £44,569. The charity Inade a dollation of £149,000 to
Springfield ChJi'ilabl¢ A5so¢iation Ltd, a telated party d)aritable company. The charity recognised a i'eduction tti fatr
value 011 its Spi'ingfield Road pi'operti¢s in tl)e yeaL of £112,730, Net Assets lolalled £854,131 at Ilie yeai, end, tliis is
down froii) Ihe pi'evlous year of £1,163,659
Resei'ves pollcy
Tl)e tt'ustees i'ecogni8e that it is iiecessary to Iiold reseives in oi'dei. fo offset die eff¢¢ls of fluctuation in thture imcoining
I'e50uires. To this end tlie charity aim to liold fire restives whi¢li equate to 3 to 6 montl)s op¢ratirtg costs.
FUTURE PLANS
Folffioiving the development Df th¢ chaiity's headqu￿terS at Cupgr Stiret irt Belfast tb¢ Charity will continue to look io
dev¢lop and strengthen its commilinent to th¢ lo¢al coftmiunity throuc¢li its own ch￿itable objectives and the pi'ovision
of facilities foi, othei. ¢h8Ylties lo pi'ovide pi'ogi'aijmes of suppoitto Il)e unemployed and elderly within the ￿'¢a.
STRUCTURE. GOVERNANCE AND MANAGEMJINT
Govei*lng document
The churity is controlled by its 8ovei.ning docuinen( a deed of trust, and constitutes a liinited company)
guarantee, as defined by tlie Companies Aot 2006.
limtted by
ReeruItm￿lt And oppointment of new ti'ustees
Due to tlie rtature of the ¢l)arity's work th¢ Iruste¢s see1( lo ensure th&t these needs are appropriately I'eflected t￿Y)Ugh the
divei'sity of tl)e trust¢¢ ljody. To eJthaii¢e tlie potential pool, ti'uglees are Etquested to provlde a list of Ili¢ii' skills (and
update it eacl) year) ertd in tlie event of particular skills lacking oi, belng lost due to ietirenient, individuals are
appiD&¢hed to offer tliemselves foi. election.

SPRINGFIELD CHARITABLE DEVELOPMENTS
LIMITED
REPORT ofi THE TRusfKC4 S
FOR THE YKAR ENDED 31STMARCH 2025
RKFKR&NCI AND ADMINIST114TIVE DETAILS
Reglstei'ed Company nutnber
N1051952 (Noil5iern Irelalld)
Reglstei'ed Chxi'ity number
103193
Reglstei'ed offlee
27 Clonai'd Ci'es¢ent
Belfasl
Co. Anlrini
BT13 2QN
Ti'ustees
V Davidson
J Sweeney
A Jolinstoii
C Rodgers
J Tat¢ (Appointed 271612024)
C C2rtaV8n (r¢sign¢d 271612024)
B McGrath (IEs&gned E81I012024)
G Kelly (I'esigned 301412025)
A McCI'acl<en (Irsi8ned 41I212025)
CompAny Seoi'etary
J Sweeney
Independent Examlnei.
M.B.MoGrady & Co
Chartei'ed Accountants
Rathn)or¢ House
52 St Patricks Avenu¢
Dowiip&tri¢k
Co. Down
BT30 6DS
Banliei's
Bank of Ii'eland
202 Andersonstowi) Road
Belfas¢
BTII 9EB
Solicitoi's
Ferguson & Co
Causeway Towel.
9 James Sts'eet South
Belfast
BT2 8DN
TRUSTICES, RESPONSIBILITY STATEMENT
The trustees (wllo are also the di￿￿101.8 of Spi'ingfield Charitable Developnients Liniited for Ilie purposes of conipany
law) 81% i'¢sponsible for preparing the Repoi'l of tl)e Tmstecs and tl)e fii)ancial slalem¢nts in a¢coi'dance with applicable
laiv aNd United Kingdoill Accounting Sialldails (United Kingdoili Gen¢i'ally A¢¢epted Accounting Prn¢ti¢e).

SPRINcfilELD CHARITABLE DILVELOPMJLNTS
LIMrrED
REI PORT OF THE TRUSTEES
FOR THE YKAR ENDED 31sr MARCH 2025
TRUSTll¢ ES, RESPONSIBILITY ￿ATEMENT- e¢Jntlnued
Coinpany law requii'es tlie trustees lo piepare financial statements for eacli financial year. Undei. that law. tl)e trustees
have elected to prepaye Ihe financial statements in accordw)ce with United Kimgdorn Getheixlly Ac¢epted Ac¢ounlin8
Pra¢lice (Uiiited Kingdoin Ac¢ouiiting Siandai'ds and applioable law).
Uiida. cortipany l&w the Ii'ugtees must iiot 8PPIDve the fiii&ncial s¢atenients unless they w'e sati8fied tliat they give o true
aiid f8ir view of tl)¢ stale of affAif5 of the ¢h2ritable company and of the incoiiiing i'esour¢es and application of
resoui'oes, iii¢luding tlie Income alld expendituie, of the cliari18ble company foi. Iliat period. li) prep3ring tliose financial
statements, the trustees Are i'equu'ed to
8elect suitable aceounling policies 8nd then 2pply tlieni consls¢ently,
obseive the meiliods and principles in the aiayities SORP,
ittake judgements and esliinates IliatMr¢ I'easonable and prudeiitr
prepare the fin811cial statements Ort tlie going conc￿'n bL4is unless il is inappiDpi'iate to presume tliat th¢ choritable
company will continue in business,
Th¢ Ii'LlStees are responsible for keeping proper accourtting reeords Nvhieh dis¢lo$e with I'easonable aeath'acy at any tim¢
the fmancial position of the ch￿'Itable company and to enable tliein to ensure that th¢ finfinoilll statements comply with
ie Coinpanies Aot 2006. They are also responsibl¢ foi. safeguarding the assets of the ¢hai'itable company and hettce for
taking teasonable steps fot. th¢ prevcntion and detection of fraud and otliei. iri'¢gulariti¢s.
Independent Examiner
Each of the persons who is a trustee at tl)e date of approval of this irpDit ¢onfirms i118t'.
so far as they thi'e &waYe, theiE is no rdevant iiifoi'malion of which the ¢h41'ity'5 independent exaininer is unaware ofr,
artd
they liav¢ taken all steps that they ought to have tsl<en as a tiwslee lo niake thernselv¢s aware of &Thy ielevartt
inforniation and to ¢stablish that die Gh8rity'S auditoi. is aware of tliat infoi'mation.
SMRII eomp%ny pi'ovlslons
Tliis report 5ias been prepared in accordance wffitli the provisions applicable to ¢oinpanies entitled to Il)e sinall companies
exemption.
Approved by ol'der of the board otlrustees on 8111 J8lluaiy 2026 8nd signed on its behalf by:
V Davidsort- Trustee

INDEPENDENT EXAMINER'S RKPORT TO THE TRUSTECt S OF
SPIiINcf4lELD CHARITABLEI DEVELOPMCI NTS
LIMITED
l i'epoit on the accounts of the company foi, the year ended 3 Isl Mairh 2025, wliich are set out on pag¢s five lo thirteetL
Rcspeetivè i'esponsibilitie$ of chfil'ity th'uste¢s and exAnilner
As the ¢l)8rity's ti'ust¢es (ai)d also the dli'e¢tovs for the purposes of ¢omp8ny18w) you al'e I'esponsible foi. the prepaiztion
of the accounts i# ac¢oi'dance with tlie t'equiiein¢nts of tlie Companies A¢t 2006.
Having satisfied niykelf that the charity is nol subjec¢ to audit undei. company 18W and is eligible for independent
¢xaniinaliort, it is my i'esponsibility to.,
exattiine the a¢eoullts undei. S¢¢lioii 65 of the Chai'ities Act
follow the procedui'es laid down in t]ie gen￿'al Dii'eclions given by tl)e Charity Coninii5sion for Norihei'n Ii'dand
under Section 65(9)(b) of lie Charities A¢1
stst¢ wli¢tliei' particular mat¢¢t31)av¢ ¢onie to my attention.
BASIS of tlie ijidtptudait examiner's repDI't
I have examinod your chai'ity Accounts as requii'ed undei, Section 65 of the Cliaritie5 Act and my examin8tioii was
ai'ried out in ac¢ol￿ance witli tl)e gen¢r&l Dii'ectioiis given by the Cliority Conimission for Northern Ii'eland ui)dei'
Section 65(9)(b) of tlie Cliari¢i¢s Act. Tli¢ examination included a review of tiie accouiiling recoiyls kept by tlie cliarity
and 8 coJnp&'ison of Ilie accounts pi'esenled with ihose x¢¢oi'ds. It also in¢luded consideration of any unusual items oi.
disclosuiEs in the accounts, and seeking explanations from you 88 cliai'ity trust¢¢8 wnc¢i'ning any sueh Matt￿'s.
My iDle is to state wliethei, any m8leL'lal m8tteE3 have cothe to niy attention givin8 me ¢ause ¢0 believe..
That ACCOUllting fe¢ords were not kept in accordance with Seetiort 386 of the Comp4ni¢s A¢t 2006
That tlle a¢counts do not a¢¢oi'd with those a¢¢ounting i'¢eoi'd$
That the a¢couttts do not Cgmply with the accounting requir¢m¢n15 of S¢¢tion 396 of the Coinpanies Act 2006
and with the methods and pi'incÉples of the Charities stat￿ne11t of Recommended Practice appli¢abl¢ to Qhai'ities
preparing tlieir a¢¢ounts In accoi'd8nc¢ witli the Finaneial Repoiting Stand8rd applicable in the UK and Republic
of li'eland
That tl)ei'e is fuiiher inforii18tion needed foi. a pi'oper undei'slonding of th¢ accounts to be Irached.
liidependent exAminer'8 statement
I have Completed my examittailon and have no Cottcerns it] irspect of Ilie mattel's (l) to (4) listed above and, in
connection willi followin8 the Dite¢¢10￿8 of the Cliarity Commlssion for Northeim Ireland, I l)ave found no niatter8 d)&t
Tequirt drawing to yoiiv atteiition.
Mala¢hy
i'ad
Tlie Institute of Chaitei
iilanls iii IiEland
M.B,McGrndy & Co
Cliarlered Accountants
Ralhmore House
52 St Patricks Avenue
Downpalrick
Co, Down
BT30 6DS
9t]1 January 2026

SPRINGFIELD CHARITABLE DEVEI LOPMENTS
LIMITED
STATEMENT ort FINANCIAL ACTIVITIEI S
FOR THE YEAR ENDED 31ST MARCH 2025
1025
Uni'esti'icted
fund
2014
Totlll
funds
Note8
INCOME AND ENDOWMENTS FROM
Ch81'itAble Actlvlties
C1181'it&ble acttvilies
40,599
43,790
779
Investment iticoine
2,193
44,569
Tolol
42,792
EXPENDITURE ON
Chai'itRble Activities
Clwitable activities
239,590
74,545
Net gBinsl(losses) on investments
(111,730)
Nrf INCOMKI(EXPENDITURE)
(309,528)
(29,976)
RECONCILIATION OF FUNDS
Total ￿ndS biDught foiwai'd
1,163,659
1,193,635
TOTAL FUNDS CAPJiIED FORWARD
8S4,131
1,163,659
The notes form pait otihes¢ financial statements

SPIUNGfiLI LD CHARrrABLE DIVELOPMCI f+lTS
LIiVIITED
BALANCE SHEET
31ST MARCH 2025
2025
2024
Totsl
funds
Uni'estri¢ted
fviid
Note5
FIXED ASSETS
Investi￿ettI propeity
421245
533,975
CURRENT ASSETS
Debtors
C&sli at bank
245,1 A9
211.270
3 lJ,022
327,788
456,389
640,8LO
CREDITORS
An)ounls falling due within one yeai.
(23,503)
(11,126)
Nrf CUBRENT ASSETS
432,886
629,684
TOTAL ASSETS LW CURRENT
LIABILITIES
854,131
,163.659
NET ASSETS
854,131
I,L63,659
FUNDS
Unre$trict¢d funds
854,131
1,163,659
TOTAL FUNDS
854,131
1,163,659
Tlie cliai'itable ¢omparty is entiil¢d to exemption fitsm audit under Section 477 of tl)e Coittparties Act 2006 for tiie yeai.
ended 3 Lst m￿'th 2025,
The membei's have not reqiiii'ed tlie ¢omp8ny to obi&ill an Audit of its fin&n¢ial statements foi. the year ended
3 1st MaLrli 2025 in &cCo1da￿¢ with Section 476 of the Compant¢s Act 2006.
The trustees &¢knowledge their i'esponsibilities for
(a)
eiisuring that the chai'ilable company keeps accounting records that eompty with Sections 386 and 387 of tli¢
Coinpanies Act 2006 aTLd
preparing financial statements which give a Irlie aiid fair view of th¢ stale of affalrs of the ¢h8rilable ¢omp8ny as
at the end oe each filian¢1￿ year and of its surplus or deficit foi. each financial year ii) accordance with the
requiirniellts of Sections 394 and 395 and which otherwise coniply with the requitem¢nts of th¢ Companies Act
2006 relating to financial slateinents, so far as applic*ble lo the ehai'itable ¢oiiip8tty,
(b)
The notes foi'm part of Ih¢se finai)cial 518tements
contiiiued.

SPIUNGFIELD CHARITABLE DEVELOPME* NTS
LIMITED
BALANCE SHEII T- contlnued
31ST MARCH 2025
These finaiicial statetrtcnts have been prepared irt accordance witli the provisioiis applicable to ¢1181'ilabl¢ coiiiyanies
subject to the sinall coinpliiies regiine.
The finatioial ststeinents wei'e Approved by the Boai'd of Trustees and authorised foi. issue on 8th Jaiiuaiy 2026 and were
signed on its behalf by..
V Davidson - Ti'ustee
eeney- Trust¢e
The not¢s foi'in part of these finai)cial statements

SPRINGFIELD CHARITABLE DEVIZLOPMEI NTS
LIMITED
NOTES TO THE FINANCIAL STATLI MENTS
FOR THE YEAR ENDED 31ST MARCH 2025
ACCOUNTING POLICIES
Basis of preparing the f&nhnelAI statements
The financial stateineiits of Élle oh#i'i¢able eompanyb whicli is a public benefit erttity undei. FRS 102, have been
pIEp&red in a¢cordance with the Cliai'ities SORP (FRS 102) 'A¢¢ollnting and Reporting by Chai'ilies: Statement
of Recon)Inended Pra¢tice applicable to chai'ities pi'epai'iftg tlieir aeeounls in ac¢ordan¢e willi th¢ Financial
Repoiting Slendai'd 4ppli¢able in Ilie UK and Republtc of Irelaiid (FRS 102) (eff¢¢live I lanuai'y 2019),,
Financial Repoitiiig Siandai'd 102 'The Financial Reporting Siandai'd applicable in the UK aiid Republic of
li'eland, and the Coinpani¢s Act 2006. The finaiicial s¢&tement8 have beeii prepared undei. the historical ¢ost
convention.
The charitable company has taken advantsge of tlie followiftg dis¢losui'e exemption in preparing Iliese firtancial
statements, as pei'Enitted by FRS 102 Tlie Finan¢ial Repoi'ling Standaid applicable in tlie UK aTrd Republic of
It'eland,:
the requirements of Section 7 Statement of Casli Flows.
CI'ltlcRI aeeounting judgements 8nd key soui'ces of estiInAtlon uncei'tslnty
Estimates and Jud8einents are continually evaluated *nd are based on htstoi'ical expeLiert¢e and other factoi's,
iftcliiding expectations of futui'e ev¢nts that are believed to be i'easonable und¢r the ¢iirumstan¢es. Tlie Chw'ity
makes eslim&tes aiid ￿sumPtIOnS coneet'ning the future. The resultin8 accounting estimates and assumptions
will, by defittilion, se]dom equal the related actual ￿SUlts.
No judgements (apaLt fiDm thos¢ involving estimatss) have been made in the piD¢ess of applying the above
8¢couttting policies,
The key assiiniptions concerning tlie th￿1't and key sources of estiniation of uncertwnty 8t the reporting date that
hav¢ a signifi¢ant risk of causiiig a mat£i'l￿ adjiistn)enl to tlie ¢ai'rying a(nounts of assets aiid Ilabitities within the
n¢xt finan¢ial yeBI' include,,
•tii¢ fair value niovement of the investhient propeity.
Income
All iiicome is I'eeogiiised in the Stateittent of Finat)cial Activities once the chai'ity has entitleinent to Ilie fijrtds, it
18 pi'obable ttiat tlie incoitte will be rec¢ived and the aimount can be itteasui'ed i'¢li&bly.
xpenditui'e
Liabilities ale r¢cognised ￿ expeiiditui'e as soon as theie is a legal oi. constsvctive obligatiort Comniitting tlie
chAI'ity lo that expenditure, it 18 probable that a tt'ansfei. of economio b¢nefits will be I'equkn'ed in settlement and
Ihe &mount of the obligation can be itteasui'ed ieliably. Expenditui'e is a¢¢ounled ftir on an &¢¢i'uals basis and has
beerL classified iind¢i' headings that aggi'egate all cost I'elaled to tl)e category, Where costs e4nnot be dii'ectly
#th'ibuled to paiticular headings Iliey l)&ve been allocated lo activities on a basis consistelll willi Ilie lis¢ of
i'esour¢es.
T2ngible fixed xssets
DepiE¢ialion is provided at the following annual rates in oi'd¢i' to Wl'Lte off ¢aGh asset over its estimated use￿1
Itfe.
Fixtiires artd fittings
20% ort cost
Investnient propeity
Inv¢stiiiei)t PiY)pei'ty is inili8lly recoi'ded at eos¢ whicl) includes pU￿haSe pi'l¢¢ and any directly attributable
expcnditure. Investnienl PlDpei'ty is I'evalued to Its fair value at each I'epoi'ting date and aiiy changes in fail. value
li'e reeognised in tl)e statement of fin&ii¢i&l activities.
continued.

SPRINGFIELD CHARITABLC DEVELOPMEI NTS
LIMITED
NOTES TO THE FINANCIAL SFATEiViENTS- continued
FOR THE YEAR ENDED 31ST MARCH 2025
ACCOUNTING POLICIES - contlnued
Taxation
Tlie cliAi'ity is exeinpl fiDm coi'poration lax on its ¢h&i'it8ble a¢tivilies.
Fund 2ecountizig
Uiii'esli'icted funds can be iised iii a¢eoi'dance with the chai'itable objectives at the disci'etioii of Ihe Ii'ustees.
Resli'icted fiinds cart only be iised foi. paiti¢ulw' ¥eslricted purposes within the objects of tl)e charity, Restt'iclions
arise when spe¢ified by the donor oi. wh￿) fuiids are rdised for paiticul&r resu'icted purposes.
Furthei. explanation of tlie natui'e and purpose of each ￿nd is included in Il)e notes to the fin&iicial statements.
INVESTMENT INCOME
2025
2024
Deposit acco￿nt interest
2,193
779
NET INCOMEI(EXPENDITURE)
Net incoinel(expenditur¢) is stated afiei. Chargin￿(cl.¢ditlngj:
2025
2024
Independent examinatiort fees
1,320
1.100
TRUSTEES, REMUNERATION AND BENEFITS
Th¢re wer¢ no tru8tees' i'emuneixtion or othei. benefits for the yeai. ended 3181 Mar¢h 2025 nor foi. the year ended
3 Istmw'oh 2024.
Trustee$, expenses
There wei'e no tiwstees, expenses paid for the Ye￿ anded 31st Mairli 2025 noi. for the year ended
31StM￿th 2024.
COMPAIL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVJTIES
Uni'esti'lcted
fund
INCOME AND ENDOWMENTS FROM
ChAI'ltable Actlvities
Cl)ai'ilable activities
43,790
Investinent iDcoine
779
TotAI
44,569
EXPENDITURK ON
Ch#i'ltable RCtlv&ties
Ch81'iiabl¢ activities
74,545
conliiiu¢d...

SPRINGFIELD CHARITABLC DEVELOPMfi NTS
LIMITED
NOTES TO THE filNANCIAL STATLMENTS- contlnued
FOR THE YEAR KNDKD 31sr MARCH 2025
COMPARATIVES FOR THE STATEMENT OF fiINANCIAL AcfiviTIES- contlnued
Uiii'estricted
fund
NET INCOMEI(EXPENDITURE)
(29,976)
RECONCILIATION OF FUNDS
Total ￿lldS broiigiit forwai'd
1,193.635
TOTAL FUNDS CARRIED tPORWARD
1,163,659
TANGIBLE FtXKD ASSETS
and
rittlngs
COST
Ai 1st April 2024 and 3 1st Mairli 2025
DKPRECIATION
At 1st Api'il 2024 8nd 31st March 2025
741
742
NET BOOKVALUE
At 3 1st Maith 2025
At 31st 2024
INVESTMEf+rr PROPERTY
FAIR VALUE
At Is¢ Api'il 2024
Imp&u'ments
533,975
(112,730)
At 3 1st March 2025
421,245
NET BOOII VALUE
At 3 1st MaiEh 2025
421,245
At 3181 March 2024
533,975
10
Continued...

SPRINGFIELD CHARITABLE DEVELOPMENTS
LIMITED
NOTKS TO THE FINANCIAL STATEMII NTS- eontlnued
FOR THE YEI AR ENDEI D 31ST MARCH 2025
INVESTMEI NT PROPLI RTY - contlnued
Iii accord8nce with FRS 102. iiivestinent pi'opeity sliall be Ineasured a¢ fair value at ea¢h reporting date witi)
¢hai)ges In fail. value recognised in the Staiement of Financial Aclivilies. The cliai'ity ulilised tile diyectors
knowledge of tlie local pi'opeity I￿￿'ke1 to Cai'i'y out the fair value valualioii al the repoiting pei'iod. They Iiave
delei'mined that a redu¢tion in the fail. value of tl)e SpriDgfield Road pi'opeities should be i'ecognised. Tl)e fail.
value n)ethodology was to coiiipare siinilai'ly propei'lies sold in the open maLket value. Whel'¢ this inforniatioll
was not available or sufficient, alte]'nativ¢ valuation te¢liniques, utilising the projected caslitlows, I'entsl yields,
the poi'tfolio of tenants and i'eiuaining lea* teiins were undertal(en lo ari'ive at a r¢liable estiinate of tl)e fair
valtse of the various prope]ties lleld.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONEI YEAR
202S
2024
Ti'ade debtors
Othei. debtoi's
VAT
14,427
229,524
1,168
8,307
304.524
191
24S,119
313.022
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YKAR
2025
2024
A¢crnals a[￿ defei'Fed income
23,503
11,L26
io.
SKCURED DEBTS
Th¢ chw'ity has a charge iii favour of UCIT 5e¢ur¢d on Ilie Cupar Street pi'operty and BOI on tlie Springfield
Road property.
li,
MOVEMENT IN FUNDS
Net
moyement
In fllnds
At
3113n5
At 114124
Uni'esti'icted funds
General fL￿d
1,163,659
(309￿28)
8S4,131
TOTAL FUNDS
1,163,659
(309,S28)
854,131
contillued..,

SPRINGf*lELD CHARITABLE DEVELOPMENTS
LIMrrLI D
NOTKS TO THE FJNANCIAL KfATEM£NTS- contlnued
FOR THE YEAR ENDLI D 31ST MARCH 2025
ii.
OVEMENT IN FUNDS- eontliiued
Net movenient in funds, included in th¢ above aye as follows:
IR¢omlng
I'esoul'ces
Resources
eypended
Galns Aiid
losses
Moveinent
in funds
Unrests,l¢ted funds
Gene1.￿ fvnd
42,792
(239A90)
(112.730)
(309,528)
TOTAL FUNDS
42,792
(239,590)
{112,730)
(309A28)
Compfirotives foi. moveineiit lil fund8
Net
movement
lil funds
At 114123
3113n4
Unre5trleted
GelleJ'AI fund
1,193,635
(29,976)
.163,659
TOTAL FUNDS
1.193,635
(29,976)
1,163,659
Comparative net movement in funds, included in the above are BS follows.,
Incomlng
i'esoui'ces
Resoui'ees
expended
Movenient
lil fund5
Uni'estrlcted ￿ndS
Genernl fvnd
44,569
(74,545)
{29,976)
TOTAL FUNDS
44,569
{74,545)
(29,976)
A eurrent year l2 months aiid prior year 12 iiwiiihs combined position is ss follow5:
Net
mOvem￿lt
Ill funds
At
3113125
At 114n3
Uni'estricted funds
GeNe¥&l ￿nd
1,193,635
(339.504)
854,131
TOTAL FUNDS
1,193.635
(339,504)
854,131
12
corttinued...

SPRINGFIELD CHARITABLE DEVELOPMCI NTS
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- cont¥nued
FOR THK YEAR ENDED 3 1ST NIARCH 2025
MOVEMKNT IN FUNDS- ¢ontinued
A curtei)t year 12 Inonths and pi'ior year 12 months combined net moveinent in fjJtJds, in¢luded in the above are
as follows:
Ineoming
i'esoui'ces
Resoui'ees
expeiided
GAlns and
losses
Moveinent
In fund$
Uiii'esti'leted funds
General filrtd
87,361
(314,135)
(112,730)
(339,504)
TOTAL FUNDS
87,361
(314,135)
(112,730)
(339,504)
12.
RELATED PARTY DISCLOSURES
Tlie cl)gJ'ity is conn¢¢l¢d to the ch8rit8ble coinpany Spi'ingfield Cl)2Yit&ble Association Lid (SCA) attd shairs
common diiE¢torsltiwslees, as such it is ts'eated 8s a related party witl) sanie. Dui'ing Ille y¢ai' the chai'ity donated
£149,000 to Spiingfi¢ld ch￿Itable As8ocialiort Ltd. Tl)e cliarity continues trj l'ent some of its piopei'lie$ to
Springfield Chaiitable Association Ltd with rentsl ttnd s￿VIce Cli￿.8¢ income from these properties l01g11ing
£30,960 in the cui'i'ent fin￿¢181 yea¥. At the year end Springfield Chai'itable Association Ltd owes Ik¢ charity
£229,524.
The chai'ity has PlDvided commitments to its relal¢d ch￿1¢4b1¢ cojnpany SCA to provide deficit fimding as and
when required in the 2025126 financtal year as SCA'S is piDj¢¢ted to i'equii'¢ deficit funding to maintain its
charitabl¢ activities. Subsequent to tiiis y¢ai' end tlie chai'ity made donations to Springfield Charitable
Association in support of thes¢ ehai'itabl¢ activities.
13