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← Spark2Life

2024-03-31-accounts

REGISTERED COMPANY NUMBER: 05895562 (England and Wales) REGISTERED CHARITY NUMBER: 1121557

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SPARK2LIFE

Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW16 4TR

SPARK2LIFE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

Page
Reference and administrative details 1
Report of the trustees 2 to 7
Report of the independent auditors 8 to 11
Statement of financial activities 12
Statement of financial position 13
Statement of cash flows 14
Notes to the statement of cash flows 15
Notes to the financial statements 16 to 24
Detailed statement of financial activities 25 to 26

SPARK2LIFE

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2024

TRUSTEES

F A Andrew Ms. C Giscombe E T Gotora Ms M P Price Revd. D C Williams (resigned 15.8.23)

COMPANY SECRETARY D O Brown REGISTERED OFFICE 2a Grange Road The Outset Centre London Walthamstow E17 8AH REGISTERED COMPANY 05895562 (England and Wales) NUMBER REGISTERED CHARITY 1121557 NUMBER

SENIOR STATUTORY AUDITOR Ebenezer Okai (BSc), FCCA

AUDITORS

Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW16 4TR

Page 1

SPARK2LIFE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Spark2Life is an award-winning, Black-led charity committed to ensuring all children and young people live safer, happier, and more fulfilling lives. Spark2Life's services include therapeutic mentoring, casework, detached outreach, counselling, employment support and community engagement.

Our work is largely focused on children and young people aged 11-30 years, whose lives are deeply affected by violence and crime. Many are directly involved in offending or youth violence, and/or are at high risk of criminal exploitation or re-offending. This involvement sits alongside significant life challenges, often rooted in exposure to trauma and Adverse Childhood Experiences (ACEs), which leave them vulnerable to harm and exploitation.

A large proportion of the young people we support are from minority ethnic backgrounds (76% in 2023-24) with those from Black African-Caribbean and dual heritage backgrounds significantly represented. Systemic inequalities shape their lives, which often serve to limit their access to essential services such as mental health support, stable housing, and education. These inequities often compound their vulnerability to being drawn into cycles of violence or exploitation.

Many people in our client group are excluded or at risk of exclusion from mainstream education, further increasing their exposure to risky environments. They often present with misunderstood and sometimes disruptive behaviour, manifesting as physical or verbal aggression, or risk-taking tendencies that can be symptoms of trauma or unmet emotional needs. Undiagnosed or identified Special Educational Needs (SEN) or Educational Health and Care Plans (EHCPs) are also common, alongside academic struggles like truancy, poor attendance, and underachievement.

Our programmes directly address these needs, providing trauma-informed, culturally competent interventions that focus on reducing harm and preventing re-offending. Through mentoring, casework, and counselling, we help young people build resilience, break cycles of violence, and move toward safer, more hopeful futures.

Public benefit

Spark2Life's work makes a positive difference in addressing complex social challenges affecting the lives of individual young people, their families, and the communities they live in.

At an individual level, we empower young people by building their capacity to make informed life choices, diverting them away from pathways which will limit their possibilities in life as adults. We strengthen the support available to them through mentoring and other relationship-building tools. This has a direct impact on their home lives, and we work in parallel with parents and caregivers to help ensure that quality-of life improvements are sustainable within the home environment.

At a community level, it is well-established that crime and anti-social behaviour creates significant direct and indirect costs in financial and quality-of-life terms and increases the burden on already stretched public services. The preventative work we deliver makes a tangible impact on reducing these costs in the short and long-term. Additionally, we engage directly with local and national policymakers to influence policies and practices in education, mental health, and social services to bring about systemic change, generating benefits for people well beyond the immediate scope of Spark2Life's direct service provision.

Page 2

SPARK2LIFE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

STRATEGIC REPORT Achievement and performance Charitable activities

Our work with young people was delivered in several London boroughs, as well as the counties of Kent and Buckinghamshire.

In numerical terms, headline accomplishments during the year iincludes the following:

" Worked with 61 unique partners. This was made up of 49 mainstream schools and PRUs, 7 Youth Offending Services and 5 Probation Services.

In broad terms, our outcomes for young people included:

" 75% of our clients improved their wellbeing.

Staffing & resources

During the year, Spark2Life had a dedicated team of 31 staff members (full and part-time) based in London and Buckinghamshire, supported by a pool of approximately 8 freelance sessional workers. This year, we strengthened our leadership arrangements through the appointment of a Business Development Director, bringing valuable expertise to sup[port our ongoing strategic development.

All delivery staff and freelancers are comprehensively trained in Spark2Life's AQA Accredited Wholistic Mentoring Programme methodology and have completed Trauma Training. Each team member's qualifications and experience are rigorously assessed during recruitment, which also includes enhanced DBS checks, ensuring the highest standards of service delivery.

Spark2Life was supported by 18 funders in the reporting year and received pro-bono support from the Charities Aid Foundation, Lloyds Bank Foundation, and Action for Race Equality, focusing on corporate partnerships, fundraising, and digital marketing.

This year we became registered with the Fundraising Regulator. In all our fundraising, we adhere fully to the Fundraising Code of Practice, in respect of both the legal rules that apply to fundraising and the standards designed to ensure that fundraising is open, honest and respectful.

Financial review

Financial position

Total incoming resources for the twelve months under review was £1,322,705 (2023: £1,523,935) whilst expenditures for the year amounted £1,284,620 (2023: £1,374,040). Net income over expenditures for the year is a surplus of £38,085 (2023: 149,895 and total reserves were £946,830 (2023: £908,745. Restricted reserves were £565,734 (2023: £563,745) and unrestricted reserves £381,096 (2023: 345,000).

The Charity has implemented robust budgetary controls and continue to monitor costs in an effort to maintain its financial stability.

Page 3

SPARK2LIFE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

STRATEGIC REPORT Financial review Principal funding sources

Supporters & Donors

The Board of Trustees express their appreciation to all of our funders and partner agencies on school without whom we would not have achieved the impact in young people's lives. These include:

Brook Sixth Form College Buckinghamshire Youth Offending Service Burnside School Chingford Foundation School Davenant Foundation School Drapers Academy Drapers' Pyrgo Priory School Greater London Authority London Borough of Barking and Dagenham London Borough of Enfield London Borough of Lewisham London Borough of Redbridge Mayesbrook Park School Mayor's Office for Policing And Crime Ministry of Justice Nexus Enfield Virtual School East Kent Area Youth Endowment Fund

Reserves policy

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets should be retained to cover 3 months of operational annual expenditure. The trustees are of the opinion that this provision would enable the Charity to continue and meet the working capital requirements based on the Councils' fee payment cycle.

Page 4

SPARK2LIFE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

STRATEGIC REPORT

Future plans

During the forthcoming operating year (2024-25) we will continue to develop and implement a three year strategy, setting out goals to be achieved by 2028. A business development plan will be agreed and implemented setting out the specific steps to be taken.

We aim to deepen our impact and broaden our reach, embedding our holistic prevention model in London boroughs with the highest levels of need. This model will support young people at every risk level through early prevention, therapeutic mentoring, counseling, and detached outreach in crime hotspot areas, while working with their parents and communities.

Three core themes will support our development in the medium term:

i. Building Insight and Evidence: We will develop robust measures to evaluate our success and ensure services are informed by user feedback. By sharing insights, we aim to influence policy and investment in our sector, creating a collective voice for lasting impact. Success will mean service users thriving and sharing their stories, improved outcomes via a refined framework, and greater participation at every level.

ii. Strengthening Partnerships: We will establish and nurture purposeful relationships to drive system-level change for young people affected by violence. This includes deepening ties with government and existing partners while forming new mission-aligned collaborations to enhance our prevention model and broaden our reach.

iii. Ensuring Organisational Sustainability: The recruitment, retention and reward of our workforce will remain a top priority as we progress our strategic plans which include the development of a new pay progression model, a new recruitment system and a review of our Staff Wellbeing to align with the new organisational strategy. We aim to become a digitally inclusive organisation, empowering staff and service users with tools and training to leverage the benefits of technology.

The ongoing pursuit of financial stability and sustainability will sit alongside these core themes. We have a history of significant support from statutory commissioners, whose funding constituted 85% of our income in the reporting year. We anticipate cultivating greater diversity in funding and income sources in future years; work has commenced in this direction during this year and will continue over the life of the strategy.

We are mindful of the strong likelihood of a challenging financial climate for many of our commissioners and partner agencies over the medium term, and we regard the emphasis we will place on diversifying income and sustainability as a prudent necessity.

Safeguarding

Spark2Life works with some of the most vulnerable young people and young adults in the communities in which we operate. Thus the highest priority is given to minimising the risk of harm through our engagement with clients; to preserving the confidentiality of the information we receive about clients; and to providing safe and secure systems of work for the benefit of our clients and our staff.

Our engagement with the local authorities and schools we work with necessitates ongoing engagement with the relevant structures operating within specific institutions (e.g., school safeguarding leads) and at borough-wide level (e.g., Local Children’s Safeguarding Boards).

A nominated safeguarding lead has been identified at staff team level and at Board level, and we have invested in the necessary training for staff, Trustees, and volunteers. We keep our own policy framework under annual review to ensure that we keep abreast of best practice.

Page 5

SPARK2LIFE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Spark2Life was established under a Memorandum of Association which establishes the objects and powers of the Company and is governed under its Articles of Association. In overseeing Spark2Life’s day-to-day activities, the trustees are satisfied that they have had regard to the guidance issued by the Charity Commission on public benefit.

Recruitment and appointment of new trustees

Spark2Life appoints Trustees with the relevant skills and experience. They have historically been recruited from within the Church congregation of the Emmanuel Community Church International, part of whose mission is to tackle societal issues of social injustice by serving the community relevantly. The Chair of the Board is appointed by the trustees to serve a three-year renewable term.

New Trustees are provided with an induction pack including the memorandum and articles of association.

Their induction is carried out by the management team and other staff. Trustees are invited to attend relevant external and in-house training events.

Risk management

Spark2Life has developed and maintain a risk assessment framework which outline its process for identifying and evaluating risks faced by the charity across its various operational areas, including financial management, governance and service delivery. This framework includes risk reviews, stakeholders feedback and analysis to identify vulnerabilities that may need to be addressed.

The charity has taken risk mitigation actions such as appropriate internal controls, robust financial policies and procedures. It also has risk monitoring system that regularly tracks, identified risks, the effectiveness of mitigation strategies regularly and report on these to the trustee.

S2L provides training to staff on fraud awareness, reporting procedures, and has cultivated a culture honesty and integrity within the organisation.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Spark2Life for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 6

SPARK2LIFE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024

AUDITORS

The auditors, Leroy Reid & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a Strategic report, approved by order of the board of trustees, as the company directors, on ...20/12/2024........ and signed on the board's behalf by: Aka .................................................................... Trustee

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SPARK2LIFE

Opinion

We have audited the financial statements of Spark2Life (the 'charitable company') for the year ended 31st March 2024 which comprise the Statement of financial activities, the Statement of financial position, the Statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Report of the independent auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SPARK2LIFE

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of trustees' responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF SPARK2LIFE

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the independent auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Page 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

SPARK2LIFE

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ebenezer Okai (BSc), FCCA (Senior Statutory Auditor) for and on behalf of Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW16 4TR

Date: .............................................

Page 11

SPARK2LIFE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
5
Charitable activities
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted Restricted
funds
fund
£
£
206,345
1,115,258
-
-
1,102
-
207,447
1,115,258
171,351
1,113,269
36,096
1,989
345,000
563,745
381,096
565,734		 2024
Total
funds
£
1,321,603
-
1,102
1,322,705
1,284,620
38,085
908,745
946,830		 2023
Total
funds
£
1,520,161
3,774
-
1,523,935
1,374,040
149,895
758,850
908,745

The notes form part of these financial statements

Page 12

SPARK2LIFE

STATEMENT OF FINANCIAL POSITION

31ST MARCH 2024
2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 12 18,946 25,843
CURRENT ASSETS
Debtors 13 228,771 348,335
Cash at bank 709,005 565,928
937,776 914,263
CREDITORS
Amounts falling due within one year 14 (9,892) (31,361)
NET CURRENT ASSETS 927,884 882,902
TOTAL ASSETS LESS CURRENT
LIABILITIES 946,830 908,745
NET ASSETS 946,830 908,745
FUNDS 16
Unrestricted funds:
General fund 319,096 283,000
Designated Fund 62,000 62,000
381,096 345,000
Restricted funds:
Restricted funds 565,734 563,745
TOTAL FUNDS 946,830 908,745

The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2024 and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

Page 13

SPARK2LIFE

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST MARCH 2024
2024
Notes
£
Cash flows from operating activities
Cash generated from operations
1
148,634
Net cash provided by operating activities
148,634
Cash flows from investing activities
Purchase of tangible fixed assets
(8,071)
Sale of tangible fixed assets
1,412
Interest received
1,102
Net cash used in investing activities
(5,557)
Change in cash and cash equivalents in
the reporting period
143,077
Cash and cash equivalents at the
beginning of the reporting period
565,928
Cash and cash equivalents at the end of
the reporting period
709,005		 2023
£
93,481
93,481
(14,532)
-
-
(14,532)
78,949
486,979
565,928

The notes form part of these financial statements

Page 14

SPARK2LIFE

NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of financial
activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Decrease/(increase) in debtors
Decrease in creditors
Net cash provided by operations		 2024
£
38,085
16,380
(2,824)
(1,102)
119,564
(21,469)
148,634		 2023
£
149,895
16,773
-
-
(16,358)
(56,829)
93,481

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank 565,928 143,077 709,005
565,928 143,077 709,005
Total 565,928 143,077 709,005

The notes form part of these financial statements

Page 15

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME

All incoming resources are recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

GOVERNANCE COSTS

Governance costs are costs associated with the strategic direction of the organisation and meeting regulatory responsibilities.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Furniture and fixtures - 25% straight line method Motor vehicles - 25% straight line method

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 16

continued...

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Donations
-
Contract and SLA fees
201,012
Grants
-
Youth work
5,333
206,345
Grants received, included in the above, are as follows:
LB Lewisham Council MIH/Resilience
Citi Foundation
A & B Charitable Trust
LB Walthamforest - VRU/BMFC
Crest - Marksgate
HMPPS - MOJ
YEF Trusted Adult
3.
OTHER TRADING ACTIVITIES
Unrestricted
funds
£
Fundraising events
-
4.
INVESTMENT INCOME
Unrestricted
funds
£
Deposit account interest
1,102		 Restricted
funds
£
-
1,055,179
60,079
-
1,115,258
Restricted
funds
£
-
Restricted
funds
£
-		 2024
Total
funds
£
-
1,256,191
60,079
5,333
1,321,603
2024
£
-
-
-
-
-
55,079
5,000
60,079
2024
Total
funds
£
-
2024
Total
funds
£
1,102		 2023
Total
funds
£
3,884
1,459,434
56,843
-		 2023
Total
funds
£
3,884
1,459,434
56,843
-
1,520,161
2023
£
12,125
10,000
20,000
6,000
8,718
-
-
56,843
2023
Total
funds
£
3,774
2023
Total
funds
£
-

continued...

Page 17

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024

5. CHARITABLE ACTIVITIES COSTS

Charitable activities
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Volunteers and support cost
Hospitality and welfare
Charitable donations
Travel, subsistence and accommodation
Training
Rental cost
Project partnership
Sundries
Client services expenses
7.
SUPPORT COSTS
Charitable activities
Support costs, included in the above, are as follows:
Insurance
Telephone
Printing,postage and stationery
Advertising
Office and administrative expenses
Repairs, maintenance and cleaning
Licence and subscription
Computer and IT expenses
Bank charges
Depreciation of tangible and heritage assets
Loss on sale of tangible fixed assets
Auditors' remuneration
Legal and professional fees		 Direct
Costs (see
note 6)
£
1,145,599
Management
£
70,567		 Support
costs (see
note 7)
£
139,021
2024
£
884,890
57,565
10,362
924
26,347
19,024
23,177
118,678
380
4,252
1,145,599
Governance
costs
£
68,454
2024
Charitable
activities
£
6,070
13,524
265
2,527
8,248
2,065
3,744
19,076
80
16,380
(1,412)
6,200
62,254
139,021		 Totals
£
1,284,620
2023
£
914,076
50,918
6,459
896
25,471
36,628
29,621
152,361
-
-
1,216,430
Totals
£
139,021
2023
Total
activities
£
5,141
8,489
2,823
2,146
9,407
9,019
2,026
15,096
73
16,773
-
5,400
81,217
157,610

continued...

Page 18

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Audit fees
Depreciation - owned assets
Surplus on disposal of fixed assets		 2024
£
6,200
16,380
(1,412)		 2023
£
5,400
16,773
-

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
employees		 2024
£
801,297
69,715
13,878
884,890
2024
31		 2023
£
822,677
74,699
16,700
914,076
2023
30
The number of employees whose employee benefits (excluding employer pension costs) exceeded The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
2024 2023
£60,001 - £70,000 - 1
£70,001 - £80,000 1 -
1 1

continued...

Page 19

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
149,889
1,370,272
Other trading activities
3,774
-
Total
153,663
1,370,272
EXPENDITURE ON
Charitable activities
Charitable activities
157,610
1,216,430
NET INCOME/(EXPENDITURE)
(3,947)
153,842
RECONCILIATION OF FUNDS
Total funds brought forward
348,947
409,903
TOTAL FUNDS CARRIED FORWARD
345,000
563,745
12.
TANGIBLE FIXED ASSETS
Fixtures
and
Motor
fittings
vehicles
£
£
COST
At 1st April 2023
67,854
6,628
Additions
8,071
-
Reclassification
(1,353)
-
At 31st March 2024
74,572
6,628
DEPRECIATION
At 1st April 2023
43,668
4,971
Charge for year
14,723
1,657
Reclassification/transfer
(2,765)
-
At 31st March 2024
55,626
6,628
NET BOOK VALUE
At 31st March 2024
18,946
-
At 31st March 2023
24,186
1,657		 Total
funds
£
1,520,161
3,774		 Total
funds
£
1,520,161
3,774
1,523,935
1,374,040
149,895
758,850
908,745
Totals
£
74,482
8,071
(1,353)
81,200
48,639
16,380
(2,765)
62,254
18,946
25,843

continued...

Page 20

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals and deferred income
Accrued expenses
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted
funds
fund
£
£
Fixed assets
18,946
-
Current assets
372,042
565,734
Current liabilities
(9,892)
-
381,096
565,734
16.
MOVEMENT IN FUNDS
Net
movement
At 1.4.23
in funds
£
£
Unrestricted funds
General fund
345,000
36,096
Designated Fund
-
-
345,000
36,096
Restricted funds
Restricted funds
563,745
1,989
TOTAL FUNDS
908,745
38,085		 2024
£
228,771
2024
£
2,112
5,800
1,980
9,892
2024
Total
funds
£
18,946
937,776
(9,892)
946,830
Transfers
between
funds
£
(62,000)
62,000
-
-
-		 2023
£
348,335
2023
£
22,188
5,399
3,774
31,361
2023
Total
funds
£
25,843
914,263
(31,361)
908,745
At
31.3.24
£
319,096
62,000
381,096
565,734
946,830

continued...

Page 21

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted funds
TOTAL FUNDS		 At 1.4.22
£
348,947
-
348,947
409,903
758,850		 Incoming
resources
£
207,447
1,115,258
1,322,705
Net
movement
in funds
£
(3,947)
-
(3,947)
153,842
149,895		 Resources
expended
£
(171,351)
(1,113,269)
(1,284,620)
Transfers
between
funds
£
(62,000)
62,000
-
-
-		 Movement
in funds
£
36,096
1,989
38,085
At
31.3.23
£
283,000
62,000
345,000
563,745
908,745

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
resources
£
153,663
1,370,272
1,523,935		 Resources
expended
£
(157,610)
(1,216,430)
(1,374,040)		 Movement
in funds
£
(3,947)
153,842
149,895

continued...

Page 22

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated Fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Net
movement
At 1.4.22
in funds
£
£
348,947
32,149
-
-
348,947
32,149
409,903
155,831
758,850
187,980		 Transfers
between
funds
£
(124,000)
124,000
-
-
-		 At
31.3.24
£
257,096
124,000
381,096
565,734
946,830

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Restricted fund balance comprises of the following funders:
Funder
Buckinghamshire Council - YOS
Childview
WF Community Mentoring
Barking & Dagenham YLF - Detached
P4C
New Deal for Young People (NDYP)
New Deal fro Young People (NDYP) Scale Up
Barking & Dagenham EGYV
Barking & Dagenham HLM YOS
WF Detached L4
WF Parent Champion
Newham Transition to adulthood
Lewisham YOS
YLF Trusted Adults
HMPPS - MOJ
Others		 Incoming
resources
£
361,110
2,485,530
2,846,640		 Resources
expended
£
(328,961)
(2,329,699)
(2,658,660)
2024
£
16,250
10,000
18,750
25,582
63,750
59,575
118,500
9,513
9,513
20,000
7,813
63,750
25,555
2,500
55,079
59,604		 Movement
in funds
£
32,149
155,831
187,980
2023
£
24,500
-
18,750
32,166
146,054
59,575
59,250
10,000
10,000
10,000
-
65,000
-
-
-
-

continued...

Page 23

SPARK2LIFE

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2024

16. MOVEMENT IN FUNDS - continued

Lewisham MIH/Resilience
The London Community Foundation - Childview
A & B Charitable Trust
WF - VRU BMFC/Change 21
CREST - Marksgate (Youth work)
Redbridge YOS
B & d Detached Robbery Fund		 -
-
-
-
-
-
-
£565,734		 12,125
10,000
20,000
6,000
8,366
40,027
31,932
£563,745		 12,125
10,000
20,000
6,000
8,366
40,027
31,932

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.

18. DESIGNATED FUNDS

The trustees have decided to designate funds (note 15) to support the following charities:

Name of charity
Greenleaf Trust
Operation Christian School
HMP Feltham Chaplaincy		 £
50,000
10,000
2,000
62,000

Page 24

SPARK2LIFE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

Unrestricted
funds
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
-
Contract and SLA fees
201,012
Grants
-
Youth work
5,333
206,345
Other trading activities
Fundraising events
-
Investment income
Deposit account interest
1,102
Total incoming resources
207,447
EXPENDITURE
Charitable activities
Wages
-
Social security
69,715
Pensions
13,878
Volunteers and support cost
3,140
Hospitality and welfare
-
Charitable donations
924
Travel, subsistence and accommodation
2,295
Training
-
Rental cost
-
Project partnership
-
Sundries
380
Client services expenses
4,252
94,584
Support costs
Management
Insurance
6,070
Telephone
13,524
Printing,postage and stationery
265
Advertising
2,527
Office and administrative expenses
8,248
Repairs, maintenance and cleaning
2,065
Licence and subscription
3,744
Carried forward
36,443		 Restricted
funds
£
-
1,055,179
60,079
-
1,115,258
-
-
1,115,258
801,297
-
-
54,425
10,362
-
24,052
19,024
23,177
118,678
-
-
1,051,015
-
-
-
-
-
-
-
-		 2024
Total
funds
£
-
1,256,191
60,079
5,333
1,321,603
-
1,102
1,322,705
801,297
69,715
13,878
57,565
10,362
924
26,347
19,024
23,177
118,678
380
4,252
1,145,599
6,070
13,524
265
2,527
8,248
2,065
3,744
36,443		 2023
Total
funds
£
3,884
1,459,434
56,843
-
1,520,161
3,774
-
1,523,935
822,677
74,699
16,700
50,918
6,459
896
25,471
36,628
29,621
152,361
-
-
1,216,430
5,141
8,489
2,823
2,146
9,407
9,019
2,026
39,051

This page does not form part of the statutory financial statements

Page 25

SPARK2LIFE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024

Unrestricted
funds
£
Management
Brought forward
36,443
Computer and IT expenses
19,076
Bank charges
80
Depreciation of tangible and heritage assets
16,380
Loss on sale of tangible fixed assets
(1,412)
70,567
Governance costs
Auditors' remuneration
6,200
Legal and professional fees
-
6,200
Total resources expended
171,351
Net income
36,096		 Restricted
funds
£
-
-
-
-
-
-
-
62,254
62,254
1,113,269
1,989		 2024
Total
funds
£
36,443
19,076
80
16,380
(1,412)
70,567
6,200
62,254
68,454
1,284,620
38,085		 2023
Total
funds
£
39,051
15,096
73
16,773
-
70,993
5,400
81,217
86,617
1,374,040
149,895

This page does not form part of the statutory financial statements

Page 26