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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**
- 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.
- Recruitment and Appointment of Trustees New Trustees are appointed by existing Trustees.
- Trustee Induction and Training New Trustees are selected with a background suitable to an understanding of the Trust’s objectives and Trustee responsibilities.
- 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.
- Organisational Structure The affairs of the Trust are managed by the Trustees, with all duties being delegated amongst the Trustees.
- 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).
- Principal Funding Sources
- The principal funding source of the Trust is investment income generated by equity and fixed income investments held by the Trust.
- 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.
- Reserves Policy
- 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
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
- to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations
have not been met, or
2. 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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