co￿1pattY Tegi%traiion numbcr.. 05254229 Charity regi%tr#tion nuinber.. 1106952 The Spark Arts for Children IA company liinited b) gtsaraniee) Annual Report arxi Financial Statements for Lhe Year Ended 3 l MaTch 2U23 Conimunity Accounting Plug Uniis l & 2 Nonli &￿'¢s( 41 Talboi Sir NottinghaJn NGI 5GL The Spark Arts for Children Cont¢nts Rcf¢r¢n¢e and Adminislrativc D¢iail$ Trusie¢s' Report 2to 12 Independent Exdrninerfs Rq)ort 13 Sistemcnt of FinAncial Activities 14to 15 Balancc Shtet SL7li￿leTh¢ of Cash Flows 17 Notes iu the Financial Siatemcnts 18to27 The Spark Arts for Children Reference and Administrative Details Trustee5 RLc¢ P E4entteti J Mann V Mistrv S L M Guthri¢ M Reza M E Candler Seeretary I. Kiddcr Ch*rltr' Kegistration Nurnber 106952 CtsmpAn!' Regi$irAtlon Number 05254229 Regi5tcred Office LCB Depot 31 Ruil&nd Sirecl Leice51er l.e1cc￿te[￿hLrt LEI IRE Indepcndellt Ex*miner lohn O'Brien. employcc of Conimunity Ac¢ountinbF Plus Urtits l & ? Nonh West 41 Tdlbol Sire¢l Ni)Itingkntn NGI 5(iL Bonkers Meiro Bank On¢ Souihbatnpton Row WLIB SHA Sdn13n(Jer Sdnlander Busine55 Banking operations Surtderland SR4.14FW Page I The Spark Arts for Children Trustees, Report The ITU51ees, who arc dsreciiir4 for Ihe piIry￿seb l)f Cumpany law. pr¢senl the annual rLPOTI Logether with thc rinanLial stsiemeiiis ofih¢ ¢hdritsble Lonipaiiy for ihe year ended 31 March 202.3. Tru5tee5 officer5 Th¢ ttustees and otTJcers serving during the year and since the year ¢nd were a5 follows.. Trusiee8'. RLee P BLTnctt lappoinied 28 Jul} 20221 A Parrnar Ircsigncd 14 March 2023) J Manji V Mi.5try S L M Guthri¢ M Reza M E Candlei St¢reiary'. H S P Roy (resi￿ed 31 March 20231 T Kidder lappointed 6 March 20231 Structure. %tsvernAnee and Tnanagement ,I'&iure ¢JlgoverniNg dui'iinréni The ¢haTily is a company liinit¢d by guarantee and r¢gister¢d ch￿Lty. It is operated under the rules of its memoranduin and articl45 nt a%%octalioLi dated 8 October ?004. li has lio share c&pilal 8nd the ljability of eacb mcmbcr in Ihc eNctti ofwiDding-up 15 IiTniicd to Ll. Recruilmehi and oppolntmenr ufirMflee.% To help deljver ils public b¢n¥fii, the cliariiy aim5 10 hav¢ an overnll balanc¢ ot- skills. apiitud¢ and r¢pres¢nlaiion W'ithin its Tntslees. The chaTity ma]niains a Board of a miniTDUm 8 12 trusiecs. RegulaT skills audits are undertaken by thp Chair, 8t￿ fi]rther recniimi¢nt is undertaken where artras are felt io be underrepresented. An eqkialiilts survew is undertaken yearlv and any rccruitm¢rtt aims for a balanec acTOSS gendcr. ¢thnicity 5cxv31 ori¢Dt3tion, disabiliiy and lowcr 50cio eLanoTlliL &tyo￿pS. The charity aims 10 havc one'young" Tru￿￿ aged bLStwcen 18-24. OnL Ihird IOT ihe number nearest onL thirdl ofihe TTU5¢ees rnust relirc al each AGM. and niay bc rc-clected. Page 2 The Spark Arts for Children Trustees, Report Obje¢tlve5 alld activttie5 Object5 artduirns Th¢ ¢hariry'5 objects per ihe Articles of A550¢iatton as follum's.. To advance the ¢ducaiion and dei'elopmenl of children and young p¢ople tn Leic¢ster, Lei¢esieT5bire and heyoi)d thr()ugh a raiig¢ of aclivilies. iDcludiiig the organi￿atIOn and prornntion of an aniiudl drts fcsiiNal, consisting of w￿￿kS-hOpS &nd PToducrions of d£￿te. rhcalTe and oihei pcrformiog7 Hns," pre5tiiled in ihcaires. cornmunity ven￿5 and sehools. Missiotk, vlslon 2nd v#luts Misslon 'i)rking in partncrship to cEnpow'er childrcD t() thrive. we cxplore the difteTLnce cultiire makes ihrough affls cngageiment. crc3tii'e irtteraciion4 and Lultural conn¢cliorts, enabling ihildr¢ii s voiLei lo be h¢aTd, IhLir ¢TcRlivilJ SUPPOrted. and their culiural vglues understi>Dd. Vlslon Extraordinary exper1cncl￿ foT ¢hildren. sparking creativity and change. Value5 Our values undery>in everyryhing we do: A fair aiid 5af¢ ¢nviFonmcni whcrc cTrcryon¢ is valued 'I'hc spacc for b2g ideys 10 gro We are curioiis and lowe learning Eiiii?owcrin¥ Lhildren and young peoplc to bt arnazing Since 2004. Thc SpaTk hJ% pldyed an imponani role in dcveloping, Tesiorirtg 2nd main12ining L¢ice81eV4 and L¢ic¢5teTshire's cultural idetitiiy. cncouragiii¥ LhildTert's creaiiie poteniial in nurs¢rie%, sclionlsy playbTr(iunds and homes. librdrics. Inuseums. lh¢ai￿¥ and art Lettires. We promole children's culiural valu¢5 and rommu#iliCS Ilirough slrong partnerships. creaiivc pra¢iic¢s and innovation. A key 5trenEth is how ive support artists at different 51ag¢s in their c£reers and practices. Conceived in 2018, Vital Spark is ts moi'enient Ihai addresses ihe lack ot. diversity in lii'e and digital peifom)anee for yaung audiences. W¢ provide prufe&sJonal developnJ¥nl OPPOrtuniiies and LO-commi.4s&on and product new work, SUPPOrting artigis who are uN]errepresenied in the creative and cultur41 induslTies. In tum, thege anisls suppo us it) our capaciiy to be a rnorc inclusivc and accessible orkanisation. Our ambition is for OUT WQTk to b¢ thoughi-PTovoking as il is playfiil. and for oiir organisalion lo bt 45 crctstiVL as our tesiival and cultilral prog71?mincs arc. Our g(ial is to Lhdn¥i as lhildrcn's LominuniiiLs iliangc dnd 10 continue i() be r¢l¢Nanl l(1 all childrcn. P&ge 3 The Spark Arts for Children Trustees, Report .Straieglc objeftiyes Thc following sirarcgic obj¢ciives Provide c()ttiirtuiry during Lh#n¥e and Ihe foundalioos for a %tructUTed p¢riod of bubiness UTowth from 2023. Out %ira*uic ubjeLlive&'. Comniission 2nd Producc a higli qualiry and divcr.8e culwral PToorainmc for children in culnwal i'enucs. %cliools 2nd librari¢.4, enabling children. Ilieir farnilie5 and communittt5 tL) experience ihe ri¢hrtess of the art DeliTrer a co-crested children'5 xrts lesiival recognised Jia120nally and conneLled internalion&lly for the representstion, ambition ijmO￿aI10n of Ihe programme, and valu¢d for its coniribution to the quality of life for children. Champion arts-bascd IcgTning and tcaching for creativity, LLill&bordiing 10 ensuTe Children loually aLCC55 an intlucnLC ans and Luliural opportunilies. no mattcr where ihcy %iurt in lifc. as Ihcit ri￿*￿1 10 crcalivily, LgcnLV and play. Cjrow an enirepreneurial culiurL', wlicre our hi5tOTiL 'projects' arc redligned io drive the tnission and vi5È0n or Ihc organi5ation.' building cr¢atlVlEy in siratrgy towards sustsinabilily.. en%uring diversc culiuTal governdnLC and IcadeTship; and a step change on busin¢ss development wilh a gro1￿h plan thai diversifies incornc gencralion. Our Oute￿￿e5 Our values and siraiegsies are sirongly aligned wilh Ar15 Couiicil England'5 Invcslineiit Principles and Outcomes long ierni. We dLlivLr Crealive Peoplc, CulLurdl ComTnuniticy A Creaiive and Cultural Courtiry ouicome5. principally.. Proi'idiog high-qu>liTy early years activities thai T¢a¢h lamilies froin a Vyider range of backgrounds Widening and llnproving opponunilies for children and young people lo tak¢ port in creative activitie5 itLsidc Lhools Wideiiing and tmpmving opporwnitiC5 for childrcn and young pcople to take part creative aciivities outside scliools Supportingr children and yvun¥ people 10 dl vtlop their cr¢3tive skills and WlLnti21 Improving dCCL*% 10 a full range c)f Lultiiral i)ppL)rtiinitlL¥¥ wherever peopl¢ live W(Irkin¥ wilh Lvmmuniliis lo ￿lter undeT4land and rc&pund lu iheir nccds and inteTC5ts. r￿Ulling in increased cultural cngagcmcnl and Ihc wide range of50cial bcn¢fits il bTing Working collaborativcly Ihrough placc-lYJscd partnL'rships io suppon and ini'olvc LoJninunitiis in high qualiiy culture. improve creative and tuliural educ21ion for children and voung peuple. iinprui'¢ health and ivellbeing Ilimugh Lrediive and ciilriiral aciiviiy. build skills and ¢aiiacily in the cultural secii)I' and Erow its ecoiioiiiic Imp¥LI Supporting ne￿, types of creative practice, llew foTtns gf cultural content 2nd ttew of reachin8 llew and exisrillg audicnces and partlClPatylS Ensuring people hape oppomjniiies 10 sustain their careers and tulfil their pot¢niial io th¢ ¢reaiive industries, e5petidlly those who are cU￿entlY uiider-r¢pr¢b¢nl¢d Pttge 4 The Spark Arts for Children Trustees, Report SignifltAnt adiviiles Orgallisatlonal ¢h8ng¢ We iniplcmcnt¢d a nuv Icadcrship strucrurc in 2022. Wc scparaicd artEstic and oxcculive funcrions and ¢reaicd new role5." Artistic Dirtcior and Executifve Dirccror. w'hich togeiher with Agsociaie Cotnpany Ènd Aisociate Direcior, form the leader4hip team. The %tructUFe providt% TTusT¢es wilh %rmnger clariry nf punx)%e aiid clearer littes of OVe￿ishi. Aniytic Director ChTi%lopher Gorry 513rt¢d in July 2022. Securiii& busine55 CQDtinuily and leadership proBre¥sion, fonner TTU51¢ellnierim Execulive Direcior, Karen Birth, will step in in July 2023 followiL)g handover io the new Execuiivc DiT¢Ctor Tara Lopcz froin May ?023. Artistic Dir¢cior Ihnsiopher Gorry. an expert Èn co-crealion and Lhild acli¢)n. dnvc5 our equitablb rnodcl of pcrtortning arts produLlion and pedagT()¥y. F.XLXUIIVL DiTccIoT Tord Lopcz an cxpcrt in divcrsÈty. cquity, inLlusii)n aDd belunging praitic¢4 ￿.111 driie ilie iDtcgiaiii)n of artistic. pthiLipaiory and cqwlily policies and i)raclicLS. CO-Loii%lructinE and IniplLincnlin¥ the biisinesy plan wilh prim3fJ responsibility for findnLe. rundrai5ing. OPLfdlions and ¥OVLmance aclivilie%. AsSL*iate DireLtur Trind Halddr 1% respunsiblL for direLiing the Spark Festii'al. whilsi Associaie Conipany Dar>1 & Co aLiiuns 51raiL'¥iC￿ fur anist dci."elupineni. Colleeiively, the l¢#dership ieam ensure our work is accessible and inclusive. socially rcsKNJnsible, financially Jid cnvironmen¢ally suslainablc. Sy%tem5 chaNg¥ Wc tsrc comrnittcd to undersianding lived experience of inequaliiics in our work. We believc arganisaiion-lvide rcativiiy promotes plwaliry of perspectives, Conqtrucli￿e eh2llenB*e, and iniiL)i'aiion. Staff and %iakeholder voice. experience: expenise and shared Ivarnin¥ infarm5 continuou% iniproi'ernent tty en$ure our *ork i5 moi"e reprcsenlalive. outwnics niore equiiabl¢ and pro¢iii¢ more inclu%ivc. 6010 or mor¢ of our senior Icadcrship self-id¢ntify as from an educaliotjally or economically deprived backbyound. Driv¢n by our Equality Poli¢y attd Aciion Plan, in ?022-23 we te%ted al￿ implemenied a Dym&Tni¢ Retrniimenl modcl to driNe a¢cess and inclusion ill the recruitment of slafl. and artists land will u%¢ this appr￿Ch in the re¢￿1¢Mcn1 ot. new ttugiees in the near future). We ¢n¢(Trur£ige dpplicaiions Iroin people who dr¢ undetTLpfLscnled in the creative and ¢ultUTal Industries, P4lrticularl>' pcople from A5iap, Bldtk or cihnically dii'eT5C back¥r()und%, who arc L(iHTQIA- who dcfinc Dldeaf. disablcd or neUr￿]Iver8￿1t anW()r from lo SOLiO-cconoinic backgr(iun(15. 800/0 of applicants who aitended intervi¢w5 tvld us Ihey wollld noi ordinaril>' have applied bui did so because of our inclusive aPpr￿Lh. And we dre cominiit¢d lo making good dala-based dttisions ￿ ¢oniinuously improi'c our work. Our Work is evideiice-based and IDCTtasinLyly Lo-construclcd bclwccn artiSlS. tcachcr5 und cliildrcn to impmvc ouieomcs for childrcn. lamjlics. artists and crcativc practitionct5. L'o4rcating ¢valuation w'ill bc key io our 5ucccss moving forn'ard. In 2022 wc refined our th¢ory of Lhattbte and impleinenlcd a neiv organisation-wide ¢valuaiion f￿l￿e￿Ork degign 10 deljver our Qualiry and AinbilioD Iiiv¢stin¢ni PIiiiLiple 2nd iniebyraie data on ouicoi?i¢% aiid UUIPUl% aLro%% Inclu%iviiy and Rel¢vanre, Enviiunmcnial Re%ponsibiliiy and Dvnami5m development and arrivity delivery. Publle benefit In sumnwy. the tn8in a¢iivities The Spark Ans for Children dcliveT5 througlioul ihe year for public bencfii is a Tan¥e of activiiits iiicludiiig arti%lic Skills and Lapacily huildinL, perfi?rn?ing ans. visual ans and digital arts preseiii&lions, pruduilivn% and PdniLipation workshops and events.. Because thebe aclikifies take place in 5choo15. librarie& Iheaires, art% centre5. mUseuTtJ5. Outdoors attd online, ￿'e help to advaDce children's Itaming and dcvclopD)cnt. delivering socia]. economic and cultural tducatioD outcom¢s for children in Letcesier, L£iccst¢rshite 2nd (he East Midlands. The Irusi¢ts confirm thai they have coillplied wilh the requiretlients of section 17 of rhe Charitie5 Ad 2011 10 hdv¢ due regdrd io the public benefii ¥uidance published by the Charity ComTnibsion for En¥ldnd and Wales. Page 5 The Spark Arts for Children Trustees, Report AthleTr¥emeniS and performamre Our headlines for 2022-23 are presenled beloiv, starting with a data snapshot and followed by a hartdful of highlight% lo demonstrate ho￿. our work IS Teaching new audiences. Cmploycd 79 artisis (compared to 5 2021-22) Programmcd 78 p¢rformanLes (L4)mpared iu 228 in 2021-22) EngTaginL 10.184 in V-yson. l? 88? social mcdia + 143 Just Givin&T supporters as audiences and panicipan Ici)mpaTcd to 14,688 in 2021-221 plrtd 6,540 children &ttd faTniltes {fomal & infonnal learning & participation) actively participating Icompared lu 11.799 in 2021-221 OBJECTIVES AND ACTIVITIES Expericnting tlte exlrkordlnary FrLini 13-19 February. we delivered Spark F&%lival 2023. Over 7 days. 7,0￿ children and their familie5 exp¢[t¢n¢￿ 9$ events. The tcsiiv&l look pla¢¢ itt 9 culmral Nenues and 7 librdries and cornmuniti centres. OveF 3.500 childreii d pertonnance iT¥ their school or local library,. ￿Te work¢d with 8 companies, 4upp)rted 25 artist5 and involved 20 Khools. We san8, laughed, danced and pul th¢ world 10 rights with thc childrcn of Leiccst¢r. And we conncctcd Loinmunilicts logcther in ways Ih&t vnl). thc arts do. Thc divcrse rang¢ ot work and &Lcess io the work was notablL, as well as thc fijturc potcntial of aTtistS sllppoftcd via Vital Spark. Building a dlvers¢ workforce 8inLe ?018. 49 artiEls hat'e en8age Leicegiershire Mu4ic Hub, tk Montfort Lniversity, Philhamionia Orchestra, The Ciry Clas%room Culrural Edu¢hiion Partnership and The Mighty Lr¢aiives. In 2022 wc c%plorcd aiid tcslcd the d¢liv¢ry modcl undeTpiiined by two k"¢y prirtciplcs.. Fqu81 panneiship bctw¢¢n musicion and early years pFaciiiiunei,' Ihild led mubiL play leading io th¢ mosi imPdLi uii lh< Lhild. We now have ¢s13blished ialLnred and trained pool of l()ial and r¢gional frcLlance mustcians (Music Champi()n%), whi) wi)Tk effeciively in earlv y¢aT4 child developmttni. Future itiiproleincnts includc In¢￿asIng parental LngagLnieni, early veaT5 Continuing Professtonal DcvLlopincnt and Lcarning Tesourbts for mllsicians and udvocacy fur music artd the arts in carly ycor5 praclilioner trdinirtg. Our track rccord Tn panDership working 10 provide high-qualiiy creative aciivili¢8 for early years ¢hildren cortiiiiue% 10 iniprove. coardinaied across librarie%. ci>tniiiunity c¥i1lre￿, cliildreii'% ctnlrt%, nur%crics and bclioDIs. Stnall Wunder.4 2019-2022 and Music Champions 2022-23 are significant projects SErongTly aligTiicd iviih Spark Festival and high-qualitv p¢rforman¢¢s lik¢ Club Otig3nii by Little BibT Dance and Four Go Wild in Wellies by Indepen-Dance 4- suecessfully balancing quality and access. Belgrfive Fgmilie5 Takeoi'er Anisl Pashd KinL-¢r¢al¢d a rdn¥¢ vf cultural aLijfviiies WLih I{￿dI familie5, promoting t￿erydaY creaiiviiy. Children and rheir fainilies rasie tested for ihe best Samosas lo offer people coming 10 the library and explore how 10 make sustain¥ble ki￿. using an¢ierti methods. And a number of local voluniccr5 orf¢rcd & dii'¢TS¢ range of crealjve actii'itjes, including kitc and b&nncr makn.1￿ s¢¢d plantlDg* laughr¢i yoga 2nd dance pcrfonnancc and workshvp by 11x21 ¢ornp&ny AJkJgh Odedra. 'Chai and Lhat, with provNation% thc children ¥torytclling Ihemcd amund activism Providing a plaifonn for childFLll'S I'OlCCS to bc hcard. 410 peoplc ￿15}t¢￿ thc £venl..qhurino ?110 and 2tK> Lhai's and hoi chocolates,. The evcnl fiNle included a walk ihrough Cossingion Park with Placardi and a 5¢ed plllllting proccssion. where adulis Lovered Ihe heads of childrcn with saris and children planied %t¢d%. ?% a %>mbul (¥r proiccilon and new growth. Page 7 The Spark Arts for Children Trustees, Report A child's rl%ht to creatlvlty Fe5ti%*l Takeoi'ers Spark Fesitval 2023 Takeovers wcr¢ inspircd by th¢ festival vision und the cottcepi of Speakers Corner. We Iraincd childTcn in crcaiiwc aiid ¢Tirical thllthiii¥T skills and collaboraicd with anists in T¢sidencc and irc)tiv¢ practiiioDeTS to plan and present F¢s1ival F2niily day5 in arts and culrural ￿enUeS in the city centre. c.hildren frDtTr Creativity Councils co-deliTreTed TakeoNers, pri)grainmiiig, marketing tnd e¥aluaring ih¢ cvenr8 through a CTeative process of irdinin¥ and aillvlty farililaied by arlisi5. F¢sltval 2023 Takcovcrs WCTC delii.ered ill panllership four schools (Ash Field Aeadeniy, Fdlcons Primary S¢hLYJI, Maffjower Primary Schuvl and Mcllor CvmTtJurtily PrinTrari School), tdking ol'er Curvc, L¢icL'sicr Mu5¢um and Art5 Gallerv and Phoenix. LilTrrary Takeover LL'iccstcr pocl Ty'ronc Hau¥hlon and illuslr&tor Sam Grubb wnrked with 120 children frotn Caiherinc Junii)I' Schuol on a cr¢alive writing proj¢¢t. l￿ling d ¥iant plaLard fediuriiiu slo¥an5 MTlll¢n by ihL children about issu&s ihey wanied ￿ Speak out about. The plaraTd wa% cxhibiied ai local B¢l¥rawt Library dLirii)g the Festival. A Venta-C.enirL filmcd by RYF Film% fcatured Ihc Children 'ventiDg aboui global issues ihey w8nted to nproi'L. Thc filtD IS ai'silablc on Th¢ Spark's YouTub¢. From SparkPIvs to Bullding Br8Tre Spai0$ Th¢ SparkPlus projeci cijnipleied in 2022123. Sixieen g¢hools took pari in Spark Fcstival 2023. 900/0 ofteachers told us ihai children benefit from fes1ii.al perfonnanLe%. Teachers ialked about incre&%ed pupil motivation and liow enablsng ¢hoice and enipowerrncnt incrcased childrcn'5 produclivily in class. Daia collcclcd sin¢e 2018 how'% language dei'¢lopm¢ni athl how i'i5ual and physical ¢ontenr supports English ab an Additional LL2llsua8e EALI and 8peci£il Educational Necds 3nd Disabilities ISENDI child d¢welopTnenl whil%t increasiiig confidence in non-speGidlisl ieaLhcrb. including how new pie&eniaiion ski115 developed in a sti￿1{) ¢nvirLTrnmeni tr&nsfer 10 practice in rh¢ classroom ¢Avironmcni. We rccogniqc ihal ¢hild mental healih condiiiolls ar¢ mtire romTnon dnd increasing. with school closurcs and disrnpied cducation conlTibuling faLiors (The Healih Found#iion. 20221. S()cio-deTno¥fdphiL Loiidilion% deeply #ffcci Lhildrcn.. siruciural incqualilic4, acc¢s.4 io ledrnin¥. and L￿￿L&ll￿n OtslLoiiiLW inlLrrLlaiing lo iiicrca%L Inequality. c.hildren have 1051 a sen5t ol p¢r%onal pow¢r. tsnablc io build culiural capital. Our evidencc-ba5e iiidicale5 our Th'ork in Schools enipowcr8 chtldren aiid t¢￿clIe[S equally - li givcs thein a Yoicc and mcinnrxblc c.KperiLnLL%. incrcasingT confidcncc and inirin5ic molivaliun. W'E will uge our leatnirtb from SparkPlus to c0-Crea￿ Iluildirtg Brave Spaces 2nd deliver our performin8 ans pedagogy in paTtneTship with scb(Jol5. The Clty Cla55r(Mbm Tlie Ciry Cl2%$r￿ln wa% fouiided in 201 S by Atteiiborough Art% Cenlre, charnWo￿ Art%, Leicester Pritkl Workbhop. Soft Toucli Ans. The Mjghtv Crcalivt% and The Sp(Irk, who chaired and co-ordinaied the partnership. The sbar¢d goal ot. the partn¢F5hip is EO in¢tease quality cultural actipity in schi>ols and coinmunilie5, iesulitng in improved culftEral education and socio-culn]Tal outCOTn¢s In 1022123 The Spark irnnsiiioned ihe partn¢T%hip io d n¢w lead parther, the Urriversiiy of Leicester 10 secure engagement. fiiiancial and partnership susiainabiliiy. csi%l)lishing'. Page 8 The Spark Arts for Children Trustee5' Report Effectivc sirat¢gies for a new operaiional board &ccountable io adwisory board and aliBned io place-based cultural and education policy dev¢li)pment Cuordination capacity dnd d financial siruciure with new opponuttiiy lor straiegic plarTrnin¥ and cvaluaiion and poieniial for in-house rcsearch Eiiibrddcd C￿8]uatIOn fruill¢w'ork find outcon)cs plan undwpinrtcd by a thcory of chgnbie &ttd cultural sector I¢zdt￿hIp coinmihnenl Fou)d&tinn4 10 scale Ihe wark in Leicesier and L¢iceslershire, secondary educaiion and ¢rtatJve career pAthways, all￿ed Iv Leicesier's Lreativ¢ indu&try slrdie8y plaI￿1n￿. Reglonal Library Touring E%iablished in 2018. ollr rour circuit of 55 libraries Combin￿ library venues experienced in presenting pcrfonning arts tor children, and Iibranes ne￿. w this work. Uiir tounng work d¢liv¢rs ihree seasons yearly Isubjcct to funding). a broad aDd balanLed pcrformingy arts and PaniLlPation prog)i¥tninc lor faiDili¢s l¢hildrcn age 3 to I I l and 4¢hutsl.% Ipyirnary and SENDI. In 2022123 the Atnon¥ Ideal Fricnd5 lourin¥ projeLI promoted 3 productions, deliv¢Tinu 52 perfom)anccs lo an audiertce of 1.762 11,0 15 children and 687 adult￿1, Marnellous Markcting training upskilled 42 library SLiff across 3 workshops improving creaiive approtsches 10 markeiing. coniinuni¢ations and audicnce deNeloprnenl. CL)mmis4ioned by Insptre Culture Leaming and Libr8nes. we 8150 promoted 4 produtliDtis for libraries acro&s NoltinLharnshir¢, delivering ?8 perfomances io all audience of 824 1364 children and 46U edulisl. 12 arti%1 faeilitaled participatory m￿rksh￿p￿ explonng puppei pla), and story heats engaged 228 childrtn and adulits. creating slronbier ettgagemeni with Sho￿,1 and libraries cultural &pacts. Fundlng Thc Spat* Ans for Childrcn T¢GCiV¢S N'81i(mal Ponfolio Organi5ation {NPOI fiindins from Arts Council England. now confim)ed for the pcriod 2023 ui ?0:6. Th¢ Spark Loniinues l(1 reLeiv¢ Ihe iiilijority of its income froin .4ns Council Ettgland. TTUSts- and Foundation nd L()cal AuilioritEi8 acro￿% thc bTeadth (If our work in crcativc workfnTCC dcwclopmcnt. Iibrari¢s. scliools and cotnniuniliL'S. IllLluding a core lunding contTibulion fTom LeiLesier Ciiy Council for our annual f¢5livdl. Durin the ycaT the thbriry also recetved welcomc 5UPPOrt frorn COTporaie parttters and individttal donors and Ihcsc coniinue lo b¢ an import2ni Lomponetti of income generation. Ai ihe beginning of 20*3 implen1eni￿ lh¢ Developmeni Worktng Group. 2 team of trustees and extemal bu%incs% growih sptciali8ts io deliver bu£I11ei￿ de￿e[Opl1]L,ni tsl>jLLtive¥'. Re-focus the role and responsibilities of the Development Subgroup to ensu￿ strategic direction fututr earning alsgned to organi%&tional i'altses and gromh EN.￿1￿81e the sirdiegic position of The Spark Ans for Children and the busintS5 Map and Icsi a more enierprising mixed ITK>del of iiicorTI¢ dnd how risk can be better disiributed Consider the key 5¢aff and gystcms r¢5vur¢¢s r¢qtsir¢d to deliver Dynamism tmbiiions and prioritLCS. Page 9 The Spark Arts for Children Trustees, Report Finan¢lxl revie Deferred restricied funds to 2023-24.. £48,150 (to 2022-23: L124,6911 R¢stricred Fund$ t1￿1ed forward- L28,68612021-22 130,217} Unrestricied Futtds carried forwJrd.. £124,261 (21)21-22 £184,225} Toia15 reser%'es La￿led forward.. £152,94712021-22 £214.4421 Dunng ihe 2022123 flscal year we *nvestcd £87,953 from our uriT¢blriGt¢d reserve 10 provide int¢ritn aHa¥emeni. while we reviewed aiid re%truilured Ihc C.ompaiiy willi a partiLular focus on our scnivT IL&dership ieam IN'e look Ihis $tep to slT¢rtgihcn otsr anistic Icad¢rsliip and programmc. to enable us to pl￿01 to a more advanc£d Inod¢l thf co-crcation and 10 refocus our businc55 model by tncTca5ing our execuiive capacity. To .￿UppOrt t]iis sicp Ch￿n￿le In our rc-organ15&tion we have esrab115hed a new developniciii group. tL)Inprised of a core group of trustees and a nem. business b*roMoh and LhJnb7e &peLialisi. This ia%k and fiDi%h group'% pu￿￿5¢ is to esi3blish, embed 3nd oversee a new tilndrai%ln￿ and earning straiegv thai WLII replenish our ull￿ $tncted ieseiv¢ 10 Id miniinuinl of £97.000 by Ihe end ot'ihe 261?7 tiscal year. Pag¢ 10 The Spgrk Art$ for Children Trustees, Report Pfilicj, on reserv.1 ThL purpose of the Re%erve% Policy is to ¢nsuTe the stability of thc tnis%ion, emplojmeni, prograrnmes and On￿￿0111g opcTuli(Trrts Of thc organisahon and io providc a sourLe of iniemal funds for ar¥ani5dli()nal prioriiie such as proBraminc QPPOTiunily and Lapaciiv and skills building. Thc Re.s¢rv¢4 Puls¢y iniplcmLnied aloii¥side other govLmanLe and finxncial polityies. aliKned 10 make sure policie5 and %iYalcgies arc joined up to provide the %Tructure, sysiems and Prn¢liccs lo deliY¢T our stratcgic goals and orKrational pl)tss. Reserves ar¢ pla￿led 10 proi'ide an Illt¢rnal source of funds for ￿l￿3110￿8 %ULh as 41 sudden incr¢ase in expenses, one-time unbudgeied expenses, unaniicipaied lobs fundin8, or uninsured 10£5es. Res¢r%'¢s are also inl¢ndd to Pro￿lde an intern31 50llrce of tunds wheR thc ¢ompany pennanelltly Ceases Charli￿1b[e activit1¢5 and mu81 closc operations. OUY reserves ￿Se￿ to demonstrak and build resilien¢c. As such, they serve a dwami¢ role and are TegulaTIy rcvicwed and adjusted in respi)iis¢ io both iniemal and exiernal ihaTrg¢%. The miniinuin iargei for r¢scTh¢5 to be held is currently c5thbli4hed as an amouni sufficielli 10 Tn2iniain orjgoing operations and PToufdmJnes measurcd for 3 sel period of ihree monthb-. Providing guidance for siraiegic and financial planning for Ihc Iransiiion lo a n¢w- IEadtrhhip ieam in 202? aiid the planningk and subrnis%ion of our applieaiion lo Arts Counril for ?023-•026 inTrc5ttncnL the Operating Reserves Contingency and Welfare R¢ser¥'e% have beeJ CO￿501idatCd. In 2Q22, Erustees identified thai reseTves would be reduced io susi¥in the or¥4nisdtkon Through Ihe operationHI staff changes requiTed in ?022-24. As such, al 31 March ?023 unTesiricied reserves were £124,261 (rompdrLd to 1184.225 ai 31 March 20221. Our cuttcni r¢s¢rv¢s target 15 £60.000. -1 M'o key strategies agrttd to niaint3in the reserves are firsr, to raise the neces*4ry turtds in a iimely way, and second. to diversify uiir fiinding base. Tli¢4e ha￿¢ beLll implcmenicd 10 siisidin ihe reserves ovcr 4 years {2022-20261 &1 £60.ll(K) plus an avrrd8c £lQk Iweraiional re$er%'es per year fnr innovation and gmwth. RtviewTng and reporting on Ihc Rc.g¢tvcs Policy-. The Reserves Policy is regularly reviewed bj. the leadership icarn and reviewed on a quarterly basis by ihe Board of Trllsieeg 10 make sure we arenl selling aside t(0 mv¢h or loo liiile. W¢ will use our Irusle¢s' ￿U81 report to t¢ll donor%, funders and oihcr siak¢holders'. liy ￿¢ necd 10 keep money aside instead of spending li OJ our charity's aiTns . how much we hold in reserv¢ why we need lo hold this cimouni in reserve ,hai our reserves can be ¥pcni un Rescrvcs ar¢ rocordcd in th¢ financial rccord5 as Unrestricted General Funds. Thc Funds will bc funded and avllilahlc In Lash or cash ¢qiiivalcnt funds. Page IL The Spark Arts for Children Trustees, Report St¥tement of Re5POllsibilitles The I￿SteeS Iwho aTe also Ihe direciors of The Spark Ans for Childreii for th¢ purposes of company lawl Ire respon%ible for preparing Ihe tru4iee%' ￿port und Ihe financial 5tat¢in¢nis in accordance Mqih applictsble law. and United Kingdom Accounting SiondaTds Iunilcd knngdoTn ' true and tair N'icw of Ihc slaiL of affair5 of the chariiablc cornpJny and ot thc incominbw resources and applicaliun of resources, including its inLomc and expenditure. of ihc chaiitable conlpany for tliat period. In preparing Ille￿ financiol sthicmLDts. Ihe Irusiees are r¢qiiired io.. 5¢1eei suitable accounting policies and apply them consigiLntly', obseEW¢ the meihods and Principles fft Ibe Chariiies SORP,. tnake judgements and e5rkmaie4 thai are reasonable a[￿ prudent; siaie whethcr applicable accoutttlng Siandards, comprisin8 FRS 102 have been followed, subject to any matetial dep￿rn￿eS disc105ed and explained in (he fjnancial siaieinenis,. and prcpare rht tinancial staicTncnl% on the Eoing conccrn ba515 unlcss it is inappropriaic to prcsumc that Ihc charilable ¢ompany ivill continue in busin¢s.s. Th¢ misiees are rcsponsible for keeping proper dLLouniin¥ records thai r8n di4¢11)%e WlLh rcasonable accuracy at any lime the fin4n¢iol po%ition ofthe ch2ri1able conipany und tnabl¢ tlicm 10 cnsurc thai ihc fInancial 51atcrncnts OTnpl)' with the Coinpunics Act 2006. Thcy arc also responsible for satcguarding thc Jssets ot the charitable conipany and hente tor taking rcasonablc stcps tor the pr¢￿etIti0Th and detection of fraud and othcT IrregiulaTiTies. The t￿tee5 are responsible for (he ma1nr¢nance and inTegrity of the cowrate and financial infomiaiion included on th¢ cliarilable cotnpdny'g webstie. Legislarion gioverning the PTepaTalion and dI￿￿eThIn3(lOn (>f financial siaiemenis rnay differ frorn l¢gislaiion in other jurisdictiotts. Smllll ¢omp&nies provlsion stgtemeDt This report has bcen prepared in llccordartce wjth the small con)p2nies regime Ullder the Companics Aci 2(K6. App 28111123 the trubiees of Ihe ch8rity on .................... and signed on it% behalf by.. Pag¢ 12 The Spark Arts for Children Independent Examiner's Report to the trustees of The Spark Arts for Children ('the Company,) Independent ex&miner'5 report *0 the truslees of The Spfirk Arts for Childrtth I'the Companv'l I rcport to Ihc charity Irugiees on rny exatnindtlOTi of the accvunis of the coinpany foi Ihe year elided 31 Marcli 2023. Re5p¢>n$lbllliIe5 and b#$is of report As Ilic chaTily S tNstccs of the Company land ￿1&0 ils dircciors foT th¢ purposcs ot. coinpany lawl you are responsible for ihe prwkration of the 3CCOUrtts in aceordance with the requirement5 of th¢ Companies Act 2006 I'the 7006 Acl'l. Having sali5fied myself that the atcounis ot the Cotnpany arc not required to be audiicd wider Part 16 of Ihc ?006 Acr and t¢ eligiblL for independent Lxamination. I report in rL￿p￿cl of tny ¢xamiiiaTiOli of yoiir chdiily's accounts as c8￿1¢d oui under SCCiTOll 145 of ihe Chariiie¥ Aci 2011 I'ihc 2011 Act'l. In c3¥rying oiii my examindliDn I have followtd the Dirceiions givep by thc Charily Commission und¢r scction 14515llb) of thc 2011 Act. Ind¢p¢ndent c%amintr's statement Sincc th¢ Coiiipany's gwos5 incorne exceeded £250,000 YOUT exÈminer must be a metnbei" of a body listed in seciion 145 of the 2011 Aci. I confirm thai l qualifjtd io undertakr examinaliun becaii%e l am a ¥n¢tNb¢r and Fellow ofihe A8bociaiithn of Chdriiv Independeni F.xamin¢rs, whiih i& one ot the listed bodics I hdVL L()niplgtd my exAinittaii()n. l Lonfirrn Ihal Dn tn41ter* havL Lome to my aitention in conrtection with ihe Cxaiiiinaliun giving me caus¢ to believc that in anw malcrial TCSPCCt'. accounting rtLords WCTC not kept iii ￿SpeCt nf the Lomp2ny as required by section 3R1) of the 2006 Ao or 2. Ihe account5 do not 3fCQTd with thos¢ records,. or 3. Ihe acctsuni% do not coniply w'iih ihe accounting requiTement8 ol. ¥eciion 396 ot. the ?006 Act other thJn anv Tequirejneni thal the accounts giNe k 'true and fair, view which is not a matier consideTpd a5 part of dn iiidepeiidenT exami]￿110n.' or 4. Ihe accounts hav¢ not been prepared in aecordancc with ihe mcihods and principles ol. the Stotetnent of Recomniended PTaciice for accounting and Teponing by charitie4 lappli¢able to ch￿tieS pr¢paring their in atL()rdatice with the Finajicidl Repoftink Siai?ddrd &pplicable in Ihe LK and Republic of Ireland IFRS 10211. I have no concern% iiiid have come UCT055 no other niatter5 in conncction w2th the examination to which &ttentlOll 51iould b¢ dralvn in th15 TCPQTI ID QTd¢r to cndblc a propcT uDdmr&iiding ol'thc a¢counls to bc Tcachcd. Bricn Msc. FAIA. FCC.4, FCIE. cmploycc of Communi￿. Accouniing Plus Fcllow of th¢ Aswriation of Charity Ind¢p¢rt(knt ExaTnin¢rs Units l & 2 North Wesi 41 Talbt)I Street Noiiiii¥liam NCII 5GL Dale.. 111212023 Page 13 The Spark Arts for Children Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and Expenditure Aecount and Statement of Total Recognised Gains and Losses) Unrt$irl¢t¢d Restricted fund5 Total 2022 2023 ote Income ind £ndowment5 from: Donaiions and le¥aca¢s Chantable activities Inve5tsnenl income 181.541 6.906 518 269,417 435,596 32 363,827 37U,73J 518 Total incorne 188.965 363,827 552,79? 705,045 Expondliure on: aisiiig fund Charitable aciiviiies 1143.9241 1105.0051 (143.9241 1470.3631 1152.5101 1468.2931 1305.35¥1 Tothl expcndilure 1248,929) 1365.358} 1614,2871 16?0.8031 Nct Icxpcnditurellincomc 159.9641 161.4(J51 84.242 N¢1 movemenl in funds 159.9641 {61.4951 84.242 ReLonclllAtlon of Total fiJnd5 bmught forward 184.225 30,217 214,442 130,21X) Total fimds earried fonvard 124,261 28,686 152,947 214.442 All oftlit cliarity's a¢liviti¢s d¢riN¢ from contiiiuing operaiions duTing th¢ ubov¢ two p¢riods. The fvnd5 bttLkdoMm for Ihc pcriod is shown IJJ notc 13. Thc notcs on pages l¥ to 27 fonn an iniogrnl part of ihc8c f￿aDelaI statwncjits. Page 14 The Spark Arts for Children Statement of Financial Activities for the Year Ended 31 March 2023 (Including Income and ExpeDditure Account and Statement of Total Retognised Gains alld Losses) These are the figures for the prti'loug a¢counling ptrtod and ar¢ included tor compar¥¢iv¢ purpose5 Unresirleted Re5*rltied Total futtds fTEnd5 2022 Note In¢ume and EDdowments from: Donaiions and l¢gatie% Chariiable activiti InvLslmeiit inrornc 269,417 51,650 32 969,417 435,596 32 383.946 I'otal in¢otnL 321.099 383,946 705.045 Expenditure on.. Raising fund Charitsble aetivities 1152,510) 1114,564 1152.5101 1468.2931 1353.7291 Total expenditure 267.0741 1353,7291 1620.8031 Nei income 54.025 30,217 Nel movctn¢nl in fullds 54,025 30.217 84,242 Reconcilialioth of fllnds Total tund5 brought forward 130,200 130,2fXTr Tofal funds carried fomrd 13 184.225 30,217 214.442 Thc llotes on pllges Ig to 27 tOTrn gn int¢grdL pan of th¢sL" tinancial stAl¢ments. Pag¢ 15 The Spark Arts for Children (Registration number: 05254229) Balance Sheet as 41 31 March 2023 21)23 2022 FiA¢d asset5 Tan¥ihlE a%%ets 2,182 3.114 Current asset5 Debior Cash at bank and in hand 10 7.733 211.797 2?.302 348.211) 219,530 .370.518 Credltors: Amounts fglling due Thithin one year 12 168.7651 1159.1901 Net f urr¢nt assets 150,765 211.328 Net #ssefs 152,947 214.442 Funds of the charity: Re51ricted Income fund$ RL%iricied fvnds 28.686 30,217 Unrestricted Intorne funds UniYsiriLled funds 124,261 1%4.925 Total fullds 152,947 214.442 For th¢ firtorteial year eliding 31 MErch 2023 the charity was eiilitled to exeimption from audit under section 477 of Ihe Cornpanies A¢t 2006 relating to strEall ¢ompan*es. Directors, responsshiliti¢s'. The tnernb¢TS have noi required Ihc chariry to obtajn dn audit of its aecounis for the year in question i &ciordanc¢ iviih scctii?n 476: and The dir¢¢iorg atkiii)wledge their r¢stKmsibilities lor complyittg with the requiFelliellts of'the Act Mrytb Jlspect Iv dLLOtinlillg records thr PTrpafdliL)n ol'dccounrs. These tinanciol stattm¢nis h*ve been prepared accordance with th¢ special provisioJs relating 10 CQTnpani¢s ubjeci to tbc small companies regime within Part I f of Ihe Coinpanies Act ?(K)6. The Inaiicial slaicmeni% on pages 14 to 27 were ap and signed on their bchalf by.. roved bs ihe iNsiecs. and authorised for issue o M Reza Trnsree M E Candler Trusiee Thc not¢8 on pagcs l 8 10 27 torni an ￿1cgra[ part ot th¢se fJnfthci&I Siste￿C￿￿. Paxe 16 The Spark Arts for Children Staiement of Cgsh Flows for the Year Ended 31 March 2023 2023 2022 Note Cash flows from oper#tln% activitie5 Nei c05h {expenditurcyincome 161.4951 84.242 Adjustments to CAsh IIow5 fro￿ non-C85h ittms Depr¢ciaiion InN'eslmeni &Dcome 2.496 160.-3961 86.706 Working expital adjustments D¢e of tangible fJx¢d Assets 1136,?521 190,7331 518 16851 32 1? 5721 Nct cash flows trom Invc5tin14 aLlivitics 12.5401 Nth dcLTellse in cash and ¢d5h equii'alenls 1136,419} 193.2731 Cash and cash cqutvalcnts at l April 348,216 441,489 al￿ cash cquival¢nts at 31 March ReLonclllation of net r¥sh now to movement in net fund5 Dccr¢ase In cash 211,797 348.216 1136.4191 {l}3.2731 Net funds at l April 2022 348,210 441,489 Nei funds at 31 March 2023 348.216 All ot'ihc cash flows are derived from continuing operations during the above two periods. Thc notcs on pag¢s 18 to 27 torm an ini¢gral part ol'thcse tinttrttisl staiements. Page 17 The Spark Arts for Children Notes to the Financial Statement5 for the Year Ended 31 March 2023 l AccouDling polleies Summ#ry of 5ignific#nt accounting polleies And ke)" *eoountinE estiThat¢$ Tli¢ piinLipal acoounlinx policics applied in Ilic preparation of ihcsc financial sthtemenls are s¢1 ou1 below. Thesc policic% have becD con&istenilJ applied to all (he )ears pr¢4enl¢d. unless oiheTwi%e %tdied. Statement of complisttce The financial qiaiemeiil% liavc becn preporcd in accordanc¢ with Accounting and Reporting by Charities.. Siaiei?Tre¢)l of RLcoiiiiiieiided Praclicc luppliiable to cli*niiei preparins their accounrs in accordance iwirh the Financidl Reponillg StJndard applicabl¢ in the UK and Republic of Ireland (FRS 10211 lissued in OLii)beT ?0191 ICharit1¢5 SORP IFRS 10?11, the Finattcial R¢poning Standard applicable in Ihe UK and Republic of Ereland IFRS 1021 and the Companie5 Act 21K)6. B%si5 of prtp&ralion The Spark Arts fur L hildren tnecTS the dctiniiion of a public benefir eniitv under FRS 102. .4ssclq and liabiliiies are initially rccognised ai bislorical cosi i)r trAn￿CtiOn value unl¢￿5 aEhern'ise staled in the relevJni aLcouniin poli¢y noies. Going concern Th¢ financial siatements ha￿ been prepared on a going conrem basis. The twstees assess whether the use of going concem is appropriate i.e. wlieiher there are any materi31 uncenainiies relaied io evenis or cot)ditions thai may cast %Jgnificant doubl on the ability of th¢ chaiity 10 continue as a going concern. The Injsiees fflake Ihis aSSC5bEtLvni in ot. a period ot-one Yel￿ troin the (Jal¢ of approval of Ihc financial 51atctncnts. Intorne endomments Voluntary inLome Inlltiding donaiions. gili%, legaci¢s and wants thai provide core ￿ndIng or are of a general IiAlurL ts rccogniscd whcn th¢ Lhdrity inliilemeni LO IhL InLomc, il is PTobablL thai Ihe iiicomc will be rec¢ii'ed and IIK arn(Trunl iart be Inc&iurL,d wilh surriiteni r¢liabiliiy. Do￿1¥[10￿.￿ andlegoeig.F Donailons are re¢ogni%ed when the chariry has been notified in WTiring of both ihe amount and 5ettl¢meni dale. In Ihe eveni ihai a donaiion is subJ¢cl 10 cundiiionb Ihai T¢qUiTe (I lev¢1 i?f ￿rf()m￿nle by Ihe Lharily befc¥re Ih Lharily Ib Lniitlcd li) Ihc fun(l%. IIIL inLotTrc 1% dcfcrrcd Jitsd nc)t r¢¢u¥ni%cd until LilhLr Ihobc Li)iidilionb arc fully mei. oi. thL fuifilmcDI of tliiisc conditionh Is th,holly within ihc control of ihc £harily aiid il is probablc that thc5e condTtions will be fulfillcd in th¢ rcporting peiii)d. Dii'id¢nd5 aTe re¢ogni%ed once Ihe dividend has been declared and nolificalion has b¢¢n rcr¢iv¢d of th¢ dividettd duc. PJg¢ 18 The Spark Arts for Chlldren Notes to the Financial Statements for the Year Ended 31 March 2023 EIpettdliure All expenditure 15 T¢Lognised once rhere is a legal or consityriive obligation lo that expenditur¢. it is piobable 5eiilemeni is required and the ainouni can be tn¢abured reliably. All ¢osts are all(Kat¢d to the appLicabl¢ expenditure hLBding Ihal ag¥regalc sjini1￿ ¢osts IO thai cotC¥TOry, Where costs cllDnot be dkrcctly attTibuted to particular hcading5 tbcy htsV￿ b¢¢n allocatcd on a basis consisieni with the use of resour¢¢s, with ceniral staff costs all(￿ated on the basis of tirne spent, attd depwiation charge% allLKai¢d on Ihc rxirtion of thc a&5¢t'¥ usc. Oih¢T SUPP(Trrt L￿sts are allL)tyared based on th¢ tsp￿8￿ of sLqff LOSIS. l-h¢s¢ ar¢ cosis incurrcd in attrdcling Yolunt2ry incorlle. the management ot. investsnents and those in¢urr¢d in trading acti￿11]¢5 that fdiSL full￿. Chariioble 4clivilios Charitable expenditUTe Comprises th05e costs incurred by lh¢ ch￿lty iti the delivery ot. its aciivitie5 and services for irs b¢n¢ficiaries. It includ¢8 boih costs ihat ¢aD be ajlocaied d7￿CtIV 10 such activities Énd those costs of an iDdir¢cl n8Nrc nccc55ary to sUp￿rt them. I'he Lharity 1% Lon%idcred to pass the tells Set out in Pardgraph I Schcdulc 6 of the Finan¢¢ Act 2010 and Iherefore li meLls Ihe definition of a chariiable cumpanv for UK corpoTaiion tax purpoqes. Accordingly. the hanly ts poicntially excmpt troTn taxation in rcspcct lif incorne or capiilil reLLlI'cd within i' lurther cvDiiibulion% evcn if the fund docs noi hold suffiLieni asscts to pay 311 eTnployccs the b¢tJefits relaiirtg LO ¢inplo)'ce serviee in thc current 2nd prior P¢Tiods. Contributions ro defin￿ coniribuiion plans are Tecognised in the Statement of Financial Activitics when thcy are due. Tfconribulion paymenis exceed the co>niribuliort due for seryice. Iht eKC¢SS is retogllised as a PTep#yment. 2 IDcomt from donation5 and leg*tles Lnrestrlcted fulld$ GenerF41 Tot 21122 2023 Don&tion% and legacie$', Donations trom individuals Donaiiotts ftom communiry groups 4.994 176,547 4.944 176.547 ?61,585 ?69,417 Page 20 The Spark Arts for Children Notes to the Financial Statement$ for the Year Ended 31 March 2023 3 Inco￿< from chariiable #ctl¥ltie$ Unrestricted funds Genergl Resirlcied funds Total 2023 Tot41 2022 Grants & donations Spon50rsliips Additional aclivities Gift Aid Projects MeTrtbLrship Sundry 319,561 6,650 27,638 319,561 10.650 29.3?4 1,220 157,605 4,600 4.000 1.686 1,220 205,769 5,220 4,758 5,220 4.75R 6.906 363,827 370,733 435.596 4 Gr4nt$ & donation5 L'ure5trleted fund5 Restricted fullds Total ACE ATF AwATds For All BTaun%tiinc Beais C4Tnpaign Dunations Children ID N¢ed Culiurdl Life Fund Didymus Gcorgc Earnest Ellis Tnspir¢ 176.047 176.047 34,96D 10.000 14,804 3.947 10,500 2.50 4,000 1.000 38.957 500 82.990 2.500 27.920 3.000 8.500 300 54.539 2.000 11,500 10,638 34,960 10,000 14,¥04 3,947 500 i 0.000 2,500 4,000 i.uou 38,957 -$00 82,990 2.500 27,920 3,000 8,500 300 54,539 2,000 11,500 9,Sl)I JRC LCC LCEP inv¢stTn¢nt Loiiery, I.RCF Scop Arts The Maud Elkin¥lun TTUSI The Naiional Fouiid The OaklaTrd Foundaiion TMC Oth¢r 1,047 319,S61 501.101 The Spark Arts for Chlldren Notes to the Financial Statements for the Year Ended 31 Vlarch 2023 S Inve5tmcnt income L'nresirlcted fund5 Total 21123 Total 2022 Interegi receivable and similar 5ncome; Intcrcst TeteJvabl¢ on bank deposits 518 518 32 6 Expenditure on charitable ¥ctii4ties Unrestrieted funds eneral Re5trirted funds Total 2022 2023 FrLelance fees and fund raising 55,800 199 55,800 203.969 79.855 18,510 175,613 111,607 105.498 1_$2.51Q 10.542 Core aeiivii), Proj¢Lt5 tJireLI aciivily staff costs Wage8. social SCCUTity. p¢nsiolls Rcni and rstes Insurance T¢lephone, posi and Siaiionery Training & hospitality arkcting Sundrics Legal & Professional fee$ 203.770 79.855 72,314 143.924 12.029 882 143.924 12,0?9 882 1.950 2.991 3.012 256 2.350 1.354 1.597 5.230 3.877 406 ?,256 15,755 1.124 2,256 15,755 1.124 4.?73 4,986 1.678 4.986 1,678 R¢paiT5 & rcrtewa15 RecTuiuD¢nt cosis Rcscarch & dcvclopmens Plani dnil machinery l.T & C'omputing Consultancy & 5ubscriptlOllS Koom hire & hospiialiiy Overhead allocation D¢preLialion 1.233 1.071 7.273 4.248 2.090 7.27.1 4.248 19,4191 1,617 9,419 L,617 248,929 365,358 614,287 620.803 Page ?2 The Spark Art5 for Children Notes to the Fin8Thcial Statement5 for the Year Ended 31 March 2023 7 Net ineomlngloutgolng re50urce$ Net loutgoirtgyincotning resource5 for th¢ year include.. 2023 2022 Dcprecialion of fixed agsets 1,617 2.496 8 Staff costs The &iggr¢gai¢ payroll cosi% as follows.. 2023 2022 Staff costs during the ve*r were: Wag¢5 and Sdlaric5 Soclal s¢¢urity Losts Pettsion costs 122,475 17,263 4.186 134.990 13.092 4.428 143.924 152.510 Th¢ monthly av¢rage numbcr of pe]bUllS {in¢ludiThg senior management t¢aml cmplojcd by the charity during the vear way a> folluws.. 2023 2022 No Average number of¢mployLe8 Contribution5 to the employee pension 5cbcmes tor the ycar tolallcd L4,1¥612022- L4,4281. No etnplJy¢e received ernulumenis ofmore Ihan £60,000 during Ilie year. 9 T&D%ible fixed assets Computer equlpment Pl*ni & mithltterv Total Cost At l April 2022 Additions 5.502 17.719 685 ()%5 Ai 31 March 2023 12,902 5,502 18.404 Page ?3 The Spark Art5 for Children Yotes to the Financial Statements for the Year Ended 31 March 2023 Computer eyulpment Pl#nt & m8Lhlnery Totgl Depreci*tSon Ai l April ?0?2 Charge tor the yeaT At 31 March 2023 9.469 1,251 5.136 366 14,605 1,617 10,720 5.502 16.222 el book value Ai 31 March 2023 2.182 2.182 At 31 March ?022 2.748 366 10 Debtors 2023 2022 Trnde debioT5 PrcpaymcntS 5.901 1.8.32 11.064 11.238 7.73i 22,302 I I Cash Rnd ¢a$h eqllivalents 2023 2022 Cash on hand Cash ai bank 69 211,728 348.216 ?11.797 348.216 12 Creditors: Amounts falling due wlthln one year 21123 2022 Trade ¢rediiorg Oihtr laxaiion and soci&1 security Oih¢r tredilo Accruals & dcf¢Tr¢d Incomc 13,247 4.097 14.524 7.430 738 136.498 5U,250 68.765 159,190 Page 24 The Spark Arts for Children Notes to the Financial Statements for the Year Ended 31 .March 2023 13 Fund$ Balancr it I April 2022 Incoming re50ur¢t$ Re50urce5 expended BAl￿te at 31 March 2023 Ullrestricted fund Gener41 Gcncr41 124.225 17?,910 1232.X741 64.261 Fcstival & Vital Spark 'eifdrL & LX)niinuenLy 16,055 116,0551 60.000 60,(KK 60,000 16,05_% 116.0551 60,OJiI Totgl vnrestri¢tÉd fuTrds 184.225 188,965 1248.9291 24,261 R¢strl¢t¢d fund5 EaTly Years VÈtsl Spark Librdry Projetls The Ctty C1￿5T00M ,340 1,250 107,150 8.508 110,217 42.247 58,71C) 36.969 1108.4901 19,7581 8.925 19,761 10,158 .455 9.Q14 132,6441 Spark Plu5 Total restrl¢ted fund5 145,9831 3U,217 363.827 1365.35gi 28.6B6 Total futtds 214,442 552.792 614,2871 152,947 Pag¢ 25 The Spark Art5 for Children Notes to the Financigl S¢atement5 for the Year Ended 31 Mareh 2023 The specific pu¥pose% for which thc are to bc applied are as follows." F¢stÈval Projects Fllnd.. Ftsnds contribulino to Ilie deliN'ery of a one-weck cliildrtn'g arts Feslival of cultural cngagcincnt in perforning and coinbined art5 in February. including linkcd school and commuiiity projects dclii'crcd in the Autumn and Spring. Trunded by grants from Leice%i¢r City Council. Foyle Foundaljon. Scop Art%. the Lord Mayor'8 Chariry. Edith Murphy Foundaiion. Leic¢sieTshire & Rutland Cojnmunttv Foundation and oiheT small Trusts and Foundation%. This al%0 included the Braunstone Bea1￿ projeci fuiided bv Youth Mu4ic and Leicester%hiT¢ Mu%ic. Spark Plus Fulld: Fundcd by the Paiil Hatnlyn Foundarion io F.Iplurc and Test thc iTnpavl of thc tcstival show's on schools through LurriLulum links. ILarning imptvvcmcnt and t¢a¢hcr skill dcvclopmcnt. this was Ihc tinal year of the prujell, coDcludLd sunimer 2022. Th¢ City Classroorn Furtd.. Tlie C&iy Clagsrooni is a 41rategiL Luliural educaii()n p&rtnership led aiid Inanagycd b>. The Spark and funded by The Miulity Creative% / Ans Council En¥lsnd. Thc paTtt)ership promoic5. coordinates and advocaie% for cultural education and childrcn and young wplc'5 treatii'iiy acr055 Lei¢esier and Leicc&t¢r.4hiTe. Ci)ordinaiion of ihe partnC￿hIp will be handcd over io Uniwersiry of Leicesier in April 2023. Th¢r¢fore remaining fund5 are h¢ld as restricied fvnds, to handover for plann¢d Jctivit5, delivered after April. Eatly Ytars Fund.. rundcd by the Lciccstcr City Council. Small WondeTS is a piojecl in Njo libFdries in Leicesier, with ortlsls rcsidcnce woi.kino Wkih children 0.7 and thcir fainili¢s, and included %ii expansion of the work lo new libT#ries, and sumTnEr bovster sessions ￿nded by Children in Need. This PTuject finibh¢(t In summer 2022. The i)thcr Early Years i)roject is Music Charnpions, funded by Youth Mu$Jc and partncr organisations. to ￿t￿elop a ncw. Edrly YLars Music n¢t￿.0rk.. supporting tnusicians and eaTly yeaTh pratlllioners: and proniL)tin thc Tolt music plays in Ihc dLvelupmont ol"childrcn aged 114 years. This proicci also lini5hed IR %ummLr 20?2. ie Spark was successful in recciwing funding froni Youth MU.￿]r fuT a ncw pri)jcci of Mustc Charnpion5. With uppori frum pariners LeiccsitT%hiTe MusiL LLILLsler City Council Early Hclp. Thi5 was started In MarLh 2093 and runs until 2025. Library Fund.. The Spark l¢ads a consortium of five Easi Midlands Library St￿1ccs lo deliver the Ainong Id¢&l Frjend pro¥rdmm¥. liindcd by An5 Couiicil England Sttalc¥i¢ FundinL' and with participaiing coulliy and city local uihoTltici contributing filnds. Laullched In 2016. th¢ aim is to create and ¢sr8blish a rdnge of high quality book artLI stoiy basLd pcrtorrnances and WLTrrkshops lor childrcn agLd 5-1 l ycars and their fatnilics 2nd SLhools, shared Lross 55 libraries. A' LI￿8r00T￿ 108,231 7.750 78.967 46,180 81.497 35,302 1109.891} 16.5001 178,9671 133,0221 177.0421 122.2881 1?6.0191 3.000 500 15001 13.0001 4.000 14,0001 1.340 1500) 51 10.158 8.455 9,014 Spark Plu5 Geii¢iEI Total restricted funds 38i,946 1353:729} 30.217 Totil funds 184.225 383,946 1353.7?9) 214.442 14 Fe￿ p#vable to Independent examlner Dunng the pcriod. the fees Pi£yable Icxcluding VATI to th¢ cbariry's independeni exarlliner Community Accounting Plus (previously L&5 Accounioncy s¢rvi¢esl arc analysed as follows.. 2023 2022 Indep¢nderti examination 1,250 2,500 1,250 2,500 IS Trlljtees remuner8tion ¥nd expenses No trustees. nor any pcr50n5 connecied with them. have received any reinuneratiort from ihe charity during th¢ year. 16 Relaied pirty tran54¢ti0ns There ￿tTe no r¢laied party Iranbaclions in th¢ year. Page *7