Upper Springfield Development Trust Ltd
Latest income
£8.8m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that free reserves amounted to £930,755, with £750,000 designated for specific future costs, leaving a small undesignated unrestricted balance. The trustees report adequate resources to cover working capital and funding shortfalls for at least six months, and the independent auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Highest-paid employee band: £60,001 - £70,000
“Two employees had employee benefits in excess of £60,000 (2024: Two).” — page 25
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Top of the Rock Ltd
“Rental income net of expenses of £74,433 (2024: £88,441) was gift aided to Upper Springfield Development Trust Ltd by Top of the Rock Ltd during the year. Rental payments made to Top of the Rock Ltd by Upper Springfield Development Trust Ltd during the period amounted to £105,521 (2024: £105,521). As at 31 March 2025 Top of the Rock Ltd owed £767,941 (2024: £767,941) to Upper Springfield Development Trust Ltd.” — page 28
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Springvale Training Limited
“Rental income net of expenses of £74,433 (2024: £88,441) was gift aided to Upper Springfield Development Trust Ltd by Top of the Rock Ltd during the year. Rental payments made to Top of the Rock Ltd by Upper Springfield Development Trust Ltd during the period amounted to £105,521 (2024: £105,521). As at 31 March 2025 Top of the Rock Ltd owed £767,941 (2024: £767,941) to Upper Springfield Development Trust Ltd.” — page 28
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Newhill First Steps Childcare Centre Ltd
“Rental income net of expenses of £74,433 (2024: £88,441) was gift aided to Upper Springfield Development Trust Ltd by Top of the Rock Ltd during the year. Rental payments made to Top of the Rock Ltd by Upper Springfield Development Trust Ltd during the period amounted to £105,521 (2024: £105,521). As at 31 March 2025 Top of the Rock Ltd owed £767,941 (2024: £767,941) to Upper Springfield Development Trust Ltd.” — page 28
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 2
“Two employees had employee benefits in excess of £60,000 (2024: Two).” — page 25
Per FY2025 accounts as filed with CCNI.
Reserves policy: six months of unrestricted expenditure (held: £931k)
“On an ongoing basis the trustees believe there are sufficient reserves to meet the normal working capital requirements of the charity and to cover shortfalls in core funding for a period of at least six months.”
Per FY2025 accounts as filed with CCNI.
Independent examiner: Jones Peters
Per FY2025 accounts as filed with CCNI.