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CHARITY NO: SC013077
SPRINGBOARD CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2026
Docusign Envelope ID: F582933B-3978-8FF6-8208-DA8BBB5112EBDocusign Envelope ID: C0716525-CE6A-8F90-81AE-7CCBFB6C7204
SPRINGBOARD CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2026
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative information | 1 |
| Trustees’ Report | 2 - 3 |
| Independent Examiners’ Report | 4 |
| Statement of Receipts & Payments | 5 |
| Statement of Balances | 6 |
| Notes to the Financial Statements | 7 - 8 |
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SPRINGBOARD CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION
Charity Name:
Springboard Charitable Trust
Registered Office and Operational Address : 38 Suffolk Street Helensburgh Argyll & Bute G84 9PD Charity Registration Number: SC013077 Trustees: Colin Edgar Shannon Angela Mary Macleod Shannon Independent Examiners: Wbg Services LLP 168 Bath Street Glasgow G2 4TP Bankers: Coutts & Co 440 Strand London WC2R 0QS Solicitors: McGrigor Donald & Co Pacific House 70 Wellington Street Glasgow G2 6UA Investment Advisers: Rathbone Greenbank Investments 10 Queen Street Bristol B1 ANT
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SPRINGBOARD CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2026
The Trustees are pleased to present their report together with the receipts and payments accounts of the charity for the year ended 5 April 2026. The legal and administrative information on page one forms part of this report.
Directors and Trustees
The Trustees who served during the year and since the year end were as follows:
Colin Edgar Shannon Angela Mary Macleod Shannon
Structure, Governance and Management
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Governing Document The Springboard Charitable Trust was established by Deed of Trust for charitable purposes on 26 April 1983 and is administered in accordance with the terms of the Trust Deed.
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Recruitment and Appointment of Trustees New Trustees are appointed by existing Trustees.
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Trustee Induction and Training New Trustees are selected with a background suitable to an understanding of the Trust’s objectives and Trustee responsibilities.
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Risk Management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust, and are satisfied that systems are in place to mitigate exposure to the major risks.
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Organisational Structure The affairs of the Trust are managed by the Trustees, with all duties being delegated amongst the Trustees.
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Related Parties None of the Trustees has any direct involvement with parties or organisations benefiting from the Trust.
Objectives and Activities
The objective of the Trust is to help individuals make best use of their talents and resources in cases where additional finance would help them make significant progress towards meeting their objectives. This support can only be given within the legal framework of the Trust Deed. Details of the administrative and legal arrangements are shown on page one.
Achievements and Performance
During the year 12 grants (2025: 12) were made with a total value of £13,250 (2025: £11,250). The Trust continues its policy of making most grants to those institutions which are in a better position to judge the merits of cases.
Although this policy is now established there will probably always be exceptions to this pattern with a small number of grants being awarded as a result of applications from individuals. An analysis of grants can be found in note two.
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SPRINGBOARD CHARITABLE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2026
Financial Review
The Trust’s receipts before investment sale proceeds this year totalled £13,655 (2025: £13,032). After receipts and purchases of investments the Trust had a deficit in the year of £14,126 (2025: surplus of £13,270). The cash balance at the year end was £5,825 (2025: £19,951). The market value of investments at the year-end was £431,543 (2025: £384,506).
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Principal Funding Sources
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The principal funding source of the Trust is investment income generated by equity and fixed income investments held by the Trust.
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Investment Policy The Trust uses the services of Rathbone Greenbank Investments as its investment advisors. The Trustees have the power to invest in such assets as they see fit. They make decisions after reviewing the recommendations provided by the investment advisors. Whilst the capital value has increased during the year, performance has been below various benchmarks.
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Reserves Policy
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Reserves represent the unrestricted funds arising from past operating results. The Trustees are satisfied that the level of reserves is adequate to maintain the Trust’s investment policy and to meet normal direct charitable expenditure and administrative costs.
Plans for Future Periods
The Trustees intend to continue to generate funds through their investment policy in order to support the objectives and activities of the trust.
Approved by the Trustees and signed on their behalf by:
Name: Colin Shannon
Date: 22 June 2026
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SPRINGBOARD CHARITABLE TRUST FOR THE YEAR ENDED 5 APRIL 2026
I report on the accounts of the charity for the year ended 5 April 2026, which are set out on pages 5 to 8.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006.
The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jenna Fair BA (Hons) ACCA Wbg Services LLP 168 Bath Street Glasgow G2 4TP
Date: 22 June 2026
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SPRINGBOARD CHARITABLE TRUST
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDING 5 APRIL 2026
| Notes Receipts Investment income Proceeds from sale of investments Total Receipts Payments Grants payable 2 Investment management fee Independent examiners’ remuneration Purchase of investments Total Payments (Deficit)/Surplus for year |
2026 Total £ 13,655 18,079 31,734 13,250 3,825 1,128 27,657 45,860 (14,126) |
2025 Total £ 13,032 166,601 |
|---|---|---|
| 179,633 | ||
| 11,250 3,874 1,074 150,165 |
||
| 166,363 | ||
| 13,270 |
All funds are unrestricted.
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SPRINGBOARD CHARITABLE TRUST STATEMENT OF BALANCES AT 5 APRIL 2026
| Notes Bank and cash in hand Opening balances Surplus for year Closing balances 3 Investments 4 Liabilities 5 |
2026 £ 19,951 (14,126) 5,825 431,543 1,188 |
2025 £ 6,681 13,270 |
|---|---|---|
| 19,951 | ||
| 384,506 | ||
| 1,128 |
Approved by the Trustees and signed on their behalf by:
Name: Colin Shannon Date: 22 June 2026
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SPRINGBOARD CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2026
1. Funds
| Unrestricted funds General funds Total unrestricted Funds Restricted funds Total restricted funds Total Funds |
Opening Balance £ 19,951 19,951 - 19,951 |
Receipts £ 31,734 31,734 - 31,734 |
Payments £ (45,860) (45,860) - (45,860) |
Transfers £ - - - - |
Closing balance £ 5,825 |
|---|---|---|---|---|---|
| 5,825 | |||||
| - | |||||
| 5,825 |
a) The unrestricted funds are available to be spent for any of the purposes of the charity.
2. Grants Paid
| Grants paid Analysis of grants: Grants to institutions |
2026 Total £ 13,250 2026 Total £ 13,250 13,250 |
2025 Total £ 11,250 |
|---|---|---|
| 2025 Total £ 11,250 |
||
| 11,250 |
Grants to institutions:
In the year ended 05 April 2026 the Springboard Charitable Trust made 12 (2025: 12) grants of between £500 and £1,750, to charitable institutions, as follows;
| British Red Cross Christian Aid Dr Grahams Homes Glasgow City Mission Mary’s Meals Medecins San Frontieres Prisoners Education Trust Salvation Army Save the Children Fund Scottish Opera Scripture Union Shelterbox |
2026 £ 1,500 1,000 1,500 1,750 750 1,750 750 750 1,000 1,000 1,000 500 13,250 |
2025 £ 1,000 1,000 1,500 1,500 500 1,000 500 750 1,000 1,000 1,000 500 11,250 |
|---|---|---|
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SPRINGBOARD CHARITABLE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2026
3. Bank accounts
| Coutts & Co current account Income account Capital account 4. Fixed Asset Investments Bonds Equities Total market value at 5 April 2026 5. Liabilities Independent examiner's fees |
2026 £ 1,222 171 4,432 5,825 2026 £ 57,936 373,607 431,543 2026 £ 1,188 |
2025 £ 1,893 313 17,745 |
|---|---|---|
| 19,951 | ||
| 2025 £ 118,138 266,368 |
||
| 384,506 | ||
| 2025 £ 1,128 |
6. Trustees’ Remuneration and Related Party Transactions
No Trustees received any remuneration during the year (2025: £Nil). No expenses were reimbursed to Trustees (2025: £Nil) .
No Trustee or other person related to the charity had any personal interest in any contract of transaction entered into by the charity during the year (2025: Nil).
No trustee donations were made to the charity in the year (2025: £Nil).
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